Commercial Real Estate Updates by Industry
ALDI, which has more than 1,100 stores in 31 states, has been remodeling older stores to bring them in line with newer stores in the small-format chain. A
store was closed for 11 weeks for a $1 million renovation that includes a higher ceiling and more natural light Chicago
Heinen’s Fine Foods plans to open a store in
next summer, marking the 17-store chain’s first foray outside northeast OH. Jeff and Tom Heinen, who own the 82-year-old Cleveland-based company, said they plan to open multiple stores in the greater Barrington IL area. Chicago
Fresh Encounter, Inc. is seeking growth opportunities are sought throughout its existing markets during the next 18 months. The supermarkets occupy spaces of 9,000 sq. ft. to 36,000 sq. ft. in freestanding locations, strip centers and downtown areas.
Marsh Supermarkets plans to spend $60 million over the next three years to build up to 10 new stores and remodel others.
Niemann Foods, Inc. is seeking new store location sites throughout its current markets throughout IA, IL and MO for its
and Save-A-Lot formats. The supermarkets occupy spaces of 18,000 sq. ft. to 60,000 sq. ft. in freestanding locations, strip centers and downtown areas. County Market
Schnuck Markets, which earlier this month sold a handful of
Memphis area stores to rival Kroger Co. again dealt with the company by acquiring seven Hilander stores in from Kroger. Schnucks said it would operate the stores under the Hilander banner, at least initially. Rockford, Ill.
Len-Co Lumber Corp. paid $2.95 million for a 60,000-sq.-ft. property in the Town of Tonawanda, N.Y. Len-Co’s new location, its third, is a former Premier Wines flagship store. Len-Co operates stores in
Buffaloand The family owned and operated pro dealer had been searching for a third location for about five years, the newspaper reported. It expects to open next spring in the Williamsville, N.Y. location. Tonawanda
Marvin’s Building Materials and Home Centers announced plans to open a new store in
The new store in Fayetteville, Tenn. Fayetteville is the first of at least two new stores planned for Marvin’s in 2012 and the first store in to take on the company’s new-store format. It will soon be under construction at the former Food Lion shopping center on Tennessee Huntsville Highway, Highway 431.
The store, expected to open in February of 2012, will feature a 35,000 square foot home center with an attached lawn and garden center and drive through lumberyard.
The store will offer a complete line of building materials, electrical, plumbing, paint, millwork, hardware, tools, and lawn and garden products.
Fayettevilleis the first new concept store of several the company hopes to open in the state of . Tennessee
The company opened two new stores in
Monroeville, Ala.in May and expects to open , in October of 2011. Eufaula, Ala.
Menards will open a new store in
, after demolishing a shopping center it purchased on Aug. 24 for $5.36 million. The 201,000-sq.-ft. plaza, called Lyons Crossing, was anchored by Walmart before the discount merchant moved to another location. The remaining stores will be torn down to make way for the construction of a $9 million Menards store. Miami Township, Ohio
Orchard Supply Hardware opened a new store in
South San Jose. The new unit will be the company’s 89th location. The 60,000-sq.-ft. store is designed with a “racetrack” configuration and features an expanded customer-service area referred to as the “Workbench.” This is where customers will go for help with lock rekeying, custom-cutting of rope, lumber, screens and other materials, pipe threading, and tool and knife sharpening. The paint section has been enlarged, and the store includes a large indoor/outdoor nursery and garden supply area.
It fills up one of the few remaining empty boxes formerly occupied by Mervyns in
. The San Jose-based retailer’s 60,000-square-foot store in Santa Clara County Princeton Plaza, located at the corner of Meridian Avenue and Blossom Hill Road in South San Jose, will be one of its new-format styles unveiled in two years ago. The space was occupied since the 1970s by Mervyns, the Hayward-based mid-range department store chain that shut down after declaring Chapter 7 bankruptcy. That store was shuttered in early 2009. Santa Rosa
Discount and Specialty
hhgregg has announced the opening of 14 stores in
. Chicago will be the company’s largest market. To support the new stores, the retailer has hired 700 residents for sales associates, warehouse staff, and customer service representatives. Chicago
Out of the 14 stores, 13 will open in
Illinois communities and one in . Merrilville, Indiana
Illinois: Gurnee, Vernon Hills, Geneva, Schaumburg, Lombard, Bloomingdale, Arlington Heights, Joliet, Naperville, Orland Park, Niles, Crystal Lake, and Norridge
T-Mobile USA announced the rollout of a new global design for nearly 400 new and remodeled stores across the country. The move follows successful test pilots in Tukwila, Wash., and in New York City at Seventh Ave. and 48th St.,
T-Mobile said it adopted the new design format from its parent company, Deutsche Telekom AG, which has received positive customer feedback for this new design in retail stores across
Each redesigned store will be completely new from floor to ceiling, and will feature a more customer-centric layout, including private customer service desks and clearly defined product areas.
Other new design features include hardwood flooring, large digital messaging screen at the rear of the store, and vertical highlight panels installed with information kiosks and video monitors.
Customers also will have several service options, from standing service counters on the sales floor for quick transactions to seated service desks for long transactions, discreet conversations and business-to-business consultations. With this new format, customer wait times are expected to be reduced.
T-Mobile said it is opening or remodeling stores in approximately 65 markets across the country, led by openings in
Boston, and Washington, D.C.
Department Stores and Apparel
Casual Male Retail Group, Inc. opened a new DestinationXL in
. Warwick, RI
Dick’s Sporting Goods Inc. opened new stores in
Yonkers, NY, Norcross, GA, Lexington Park, MD, West Chesterfield, VA, Liberty, MO, El Cajon, CA, Burlington, NC, and Suffolk, VA.
DSW Inc. opened new store locations in
Boise, ID, Novato, CA and Annapolis, MD.
Intermix Inc. opened its sixth
New York store in SoHo. The 2,725-sq.-ft. unit is located at 812 Washington St.
JCPenney opened a new 105,000-sq.-ft. store at the TimberCreek Crossing shopping center in
. Dallas, TX
Kohl’s Department Stores opened 30 new stores in a total of 20 states. Kohl’s has also renovated about 100 existing stores this year, creating about 4,000 new jobs.
Macy’s is consolidating from nine floors to six at its store in downtown
, with a makeover that will result in a store that’s still about twice the size of the chain’s typical suburban department stores. Pittsburgh
Nordstrom announced plans to open a new Nordstrom Rack in
. Temecula, CA
The 35,700-sq-ft, store is scheduled to open during spring 2012 at Commons at Temecula, a regional shopping center.
Ross Dress for Less celebrated its initial entry into the greater
area with the grand opening of 12 stores on Oct. 8. Stores are now open in Algonquin, Arlington Heights, Bloomingdale, Chicago Crystal Lake, Matteson, Naperville, Niles, Orland Park, Rockford, Schaumburg, Skokie and . South Elgin, IL
Saks Fifth Avenue will close its store in downtown
in 2012. Pittsburgh
Dunkin’ Donuts is targeting
Phoenix, Dallas and , with the long-term goal of adding 5,000 stores in the West. Additionally, Dunkin’ Donuts is recruiting franchisees for the markets of Las Vegas Denver and Colorado Springs, CO; Houstonand Waco, TX; Lincoln and Omaha, NE; Oklahoma City and Tulsa, OK; as well as Santa Fe and . The company expects that restaurants in these new markets will begin to open in early 2013. Dunkin’ Donuts is also seeking franchisees for its Albuquerque, NM Des Moinesand , markets. Sioux City, IA
Famous Dave’s of America, Inc. announced that it has awarded a multi-unit franchise agreement to Famous Ribs of Canada Ltd., a subsidiary of Tribal Councils Investment Group of Manitoba Ltd. The first location is anticipated to open June 2012 in
; this will be the first non-U.S. location for the company. Winnipeg, MB
Mama Fu’s Asian House has signed a development agreement to build 11 new stores in
San Antonio and . West TX
McDonald’s Canada announced it is investing approximately $1 billion to undertake its biggest store-by-store brand transformation in the company’s 44-year Canadian history.
Muscle Maker Grill is expanding its reach to the South by securing a multi-unit franchise deal to develop 10 Muscle Maker Grill restaurants in TX.
Noodles & Company announced a new development agreement with a franchise group in
The new franchise partner is slated to open its first Noodles & Company location in Hartford, CT. in 2012, plus several additional locations over the next five years. Hartford County, Conn.
Quiznos is partnering with the convenience store chain Champlain Farms in VT to add about 40 Quiznos locations inside the retail stores.
Red Mango is seeking to expand to as many as 100 new locations and into other countries in 2012.
Wingstop announced the company has signed multiple development agreements that will result in 15 new restaurants in the