Anchors wanted for two South Carolina centers
Southeastern Grocers’ announcement it would close six Bi-Lo stores in South Carolina leaves two Wheeler centers anchors, and the REIT has put out a call out for replacements.
CEO Jon S. Wheeler said his company would entertain a grocer or non-grocer to fill the vacancies at Cypress Shopping Center in Boiling Springs and Shoppes at Myrtle Park in Bluffton. Bi-Lo will shut down operations at the 47,260-sq.-ft. Cypress store and the 37,900-sq.-ft. Myrtle Park store in June.
“Using annual reported sales, remaining lease term, market trends, and other appropriate data, we are focused on the health ratio of the grocer and also uses not currently represented in the marketplace,” Wheeler said.
In putting forth a new strategy to reduce its footprint and increase service hours as its strongest stores, Southeaster will turn out the lights on 20 stores, which also include the Winn-Dixie, Harvey’s, and Fresco y Mas banners.
“The closure of these two stores is part of the evolution of the grocery industry and changing environment we are seeing globally as new grocers enter markets and the competition becomes more intense,” Wheeler commented.
Connect with me on LinkedIn | Follow me on Twitter