{"id":162,"date":"2012-05-16T14:43:00","date_gmt":"2012-05-16T18:43:00","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/2012\/05\/commercial-real-estate-eupdate-may-2012\/"},"modified":"2012-05-16T14:43:00","modified_gmt":"2012-05-16T18:43:00","slug":"commercial-real-estate-eupdate-may-2012","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2012\/05\/commercial-real-estate-eupdate-may-2012\/","title":{"rendered":"Commercial Real Estate eUpdate &#124; May 2012"},"content":{"rendered":"<div dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"><\/p>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><i><u>Supermarket and Convenience<\/p>\n<p><\/u><\/i><\/b><b>Carlie C\u2019s IGA<\/b> 14 is looking for new store sites\u00a0throughout its existing market of NC during the coming 18 months.\u00a0 The company\u2019s stores have deli, meat and bakery departments and are usually between 24,000 sq. ft. and 45,000 sq. ft. in size in freestanding locations and strip centers.\u00a0<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Camellia Food Stores, Inc<\/b>. is seeking sites for new locations throughout DE, VA, and MD. Its supermarkets occupy spaces of 17,000 sq. ft. to 25,000 sq. ft. in freestanding locations and power and strip centers. <b><o:p><\/o:p><\/b><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Ronetco Supermarkets, Inc.\u2019s<\/b>ShopRite banner is looking for new site locations throughout northwestern NJ and northeastern PA during the coming 18 months.\u00a0 Typical leases run 25 years with options.\u00a0 A vanilla shell and specific improvements are required.\u00a0 A land area of 10 acres is required for freestanding locations.\u00a0 <o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Weis Markets, Inc.<\/b> is seeking sites for new store locations throughout MD, NJ, NY, PA and WV.\u00a0The company will also consider existing or redeveloped shopping centers.\u00a0 A land area of seven to 10 acres is required.<br \/><\/span><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><i><u>Hardware &#038; Home Center<\/p>\n<p><\/u><\/i><\/b><b><span style=\"color: #222222;\">Tractor Supply Co<\/span><\/b><span style=\"color: #222222;\">. has increased its estimated domestic store growth potential to 2,100 locations from a previously estimated 1,800 stores.\u00a0 The company stated that over the past four years, they have effectively tested and established the viability of the Tractor Supply store model in small markets. This means that the company expects to generate a desirable rate of return on investment in these markets, which opens up additional growth opportunities for Tractor Supply stores.<\/span><span style=\"color: #222222;\"><o:p><\/o:p><\/span><\/span><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><span style=\"color: #222222;\">In working toward its expanded goal of 2,100 stores, Tractor Supply will continue to target square footage growth of approximately 8% annually.<\/span><span style=\"color: #222222;\"><o:p><\/o:p><\/span><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><i><u>Department Stores and Apparel<br \/><\/u><\/i><\/b><b><br \/>Ann Inc.<\/b> will open a 5,394 sq. ft. Loft store in <st1:place w:st=\"on\"><st1:city w:st=\"on\">Fort Worth<\/st1:city>, <st1:state w:st=\"on\">TX<\/st1:state><\/st1:place>in the fall.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Burlington Coat Factory <\/b>will open a new flagship store in <st1:city w:st=\"on\"><st1:place w:st=\"on\">Manhattan<\/st1:place><\/st1:city>\u2019s <st1:street w:st=\"on\"><st1:address w:st=\"on\">Union Square<\/st1:address><\/st1:street> this fall. The 92,000 sq. ft. location is part of a broader plan to open more than 20 new stores in 2012. <o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Cabela\u2019s Inc.<\/b> plans to open a store in <st1:place w:st=\"on\"><st1:city w:st=\"on\">Green Bay<\/st1:city>, <st1:state w:st=\"on\">WI<\/st1:state><\/st1:place>in summer 2013. The approximately 100,000 sq. ft. store will be located in the Titletown Development area being developed in conjunction with the Green Bay Packers.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Converse Inc.,<\/b> a subsidiary of <b>NIKE Inc.<\/b>, has opened its first mall-based location. The 4,500-sq.-ft. store is in <st1:placename w:st=\"on\">Westfield<\/st1:placename><st1:placetype w:st=\"on\">Garden<\/st1:placetype> <st1:placetype w:st=\"on\">State<\/st1:placetype><st1:placetype w:st=\"on\">Plaza<\/st1:placetype> in <st1:place w:st=\"on\"><st1:city w:st=\"on\">Paramus<\/st1:city>, <st1:state w:st=\"on\">NJ<\/st1:state><\/st1:place>. <o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Dick&#8217;s Sporting Goods <\/b>opened a new store in <st1:place w:st=\"on\"><st1:city w:st=\"on\">Union<\/st1:city>, <st1:state w:st=\"on\">NJ<\/st1:state><\/st1:place>. The store is the company\u2019s 487th nationwide.<b><o:p><\/o:p><\/b><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>DSW Inc. <\/b>opened new stores in <st1:state w:st=\"on\">Connecticut<\/st1:state>, <st1:state w:st=\"on\">Florida<\/st1:state>, <st1:state w:st=\"on\">Illinois<\/st1:state>, <st1:state w:st=\"on\">Massachusetts<\/st1:state>, and <st1:state w:st=\"on\"><st1:place w:st=\"on\">New Jersey<\/st1:place><\/st1:state>. <o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>The Gymboree Corp. <\/b>plans to open 105 new stores during fiscal 2012. Eighty of the new locations will operate under the company\u2019s Crazy 8 banner.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>H&#038;M<\/b> is opening a new store at Tippecanoe Mall in Lafayette, IN. the company also announced it plans to open its first Latin American location in fall 2012 in Mexico City. <o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Intermix <\/b>plans to open approximately five stores this year, and five to 10 stores in 2013. This year, the retailer plans to focus on opening <st1:country-region w:st=\"on\">U.S.<\/st1:country-region> locations in cities such as <st1:city w:st=\"on\">Philadelphia<\/st1:city>, <st1:city w:st=\"on\">Boston<\/st1:city>, <st1:city w:st=\"on\">Chicago<\/st1:city> and <st1:state w:st=\"on\"><st1:place w:st=\"on\">New York<\/st1:place><\/st1:state>. In 2013, Intermix plans to continue to expand internationally, eyeing a second Canadian location. <o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Macy&#8217;s Inc.<\/b> will open a Macy&#8217;s store in <st1:place w:st=\"on\"><st1:city w:st=\"on\">Sarasota<\/st1:city>, <st1:state w:st=\"on\">FL<\/st1:state><\/st1:place>in fall 2014. The two-level, 160,000 sq. ft. store will be located in the new Mall at <st1:place w:st=\"on\"><st1:placetype w:st=\"on\">University<\/st1:placetype> <st1:placetype w:st=\"on\">Town<\/st1:placetype> <st1:placetype w:st=\"on\">Center<\/st1:placetype><\/st1:place>, on which construction will begin later this year.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Michael Kors Inc.<\/b> opened its first store in <st1:city w:st=\"on\"><st1:place w:st=\"on\">Beijing<\/st1:place><\/st1:city>. The 2,400-sq.-ft. store, located in the <st1:street w:st=\"on\"><st1:address w:st=\"on\">Shin Kong Place<\/st1:address><\/st1:street>shopping mall, is the retailer\u2019s largest-ever store in <st1:country-region w:st=\"on\"><st1:place w:st=\"on\">China<\/st1:place><\/st1:country-region>. <o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Saks Incorporated\u2019s<\/b> Saks Fifth Avenue OFF 5TH reopened its <st1:place w:st=\"on\"><st1:city w:st=\"on\">Anaheim<\/st1:city>, <st1:state w:st=\"on\">CA<\/st1:state><\/st1:place>store. Adjacent to Disneyland, the 26,632 square foot store is located in The Outlets at <st1:city w:st=\"on\"><st1:place w:st=\"on\">Orange<\/st1:place><\/st1:city>.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Tommy Hilfiger<\/b>, a subsidiary of <b>PVH Corp.,<\/b> will open an 11,000 sq. ft. flagship in <st1:place w:st=\"on\"><st1:city w:st=\"on\">Tokyo<\n\n\/st1:city>,  <st1:country-region w:st=\"on\">Japan<\/st1:country-region><\/st1:place>.<o:p><\/o:p><\/span><\/div>\n<div><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><i><u>Foodservice<\/u><\/i><\/b><i><o:p><\/o:p><\/i><\/span><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b><br \/>Alamo Drafthouse Cinema <\/b>is planning to open a location in New York City which is expected to be ready in 2013. <o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Darden Restaurants, Inc.<\/b>\u00a0 announced it has entered into an area development agreement with Restaurant Operators, Inc. (ROI) to develop and operate Darden&#8217;s <b>Olive Garden<\/b> and <b>LongHorn Steakhouse<\/b>brands in Puerto Rico; the new agreement calls for ROI to initially develop a minimum of three additional LongHorn and eight Olive Garden restaurants over the next five years.<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Del Taco<\/b> plans to open 8-10 locations in Charleston SC and is seeking qualified franchisees.<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Dickey\u2019s Barbecue Restaurants<\/b> is seeking franchisees for GA, IN, NV, WA and WI. <o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Dunkin\u2019 Donuts<\/b> announced three franchise agreements for 25 restaurants in San Antonio and Houston TX over the next six years.<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>GB Restaurants Inc.<\/b> owners Glenn and Tina Beattie announced an agreement to open more than 20 <b>Corner Bakery Caf\u00e9<\/b>restaurants in CT and RI in coming years.<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Lube Holdings<\/b> (dba <b>Quaker Steak &#038; Lube<\/b>) announced an area development agreement for three restaurants in the Philadelphia market; the first is expected to open in 2013.<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Moe\u2019s Southwest Grill<\/b> has signed a deal that will bring an additional 25 restaurants to the Washington, D.C., metro area over the next six years.<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Panera<\/b> plans to add drive-through windows to about 80 new or retrofitted stores this year; drive-throughs are a factor for new sites.<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Ruby Tuesday<\/b> plans to close up to 27 locations of its namesake brand in the coming months.<o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<div align=\"left\"><span style=\"font-family: Arial, Helvetica, sans-serif;\"><b>Schlotzsky\u2019s<\/b> signed its largest multi-unit deal that will results in 61 new locations in AZ, Minneapolis, and Orange County, CA. <o:p><\/o:p><\/span><\/div>\n<div align=\"left\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Supermarket and Convenience Carlie C\u2019s IGA 14 is looking for new store sites\u00a0throughout its existing market of NC during the coming 18 months.\u00a0 The company\u2019s stores have deli, meat and bakery departments and are usually between 24,000 sq. ft. and 45,000 sq. ft. in size in freestanding locations and strip centers.\u00a0 Camellia Food Stores, Inc.&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2012\/05\/commercial-real-estate-eupdate-may-2012\/\">Continue reading <span class=\"screen-reader-text\">Commercial Real Estate eUpdate &#124; May 2012<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[6,11],"class_list":["post-162","post","type-post","status-publish","format-standard","hentry","category-commercial-real-estate","tag-csg-old","tag-eupdate","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=162"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/162\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}