Hot Deals/Leads
Wakefern Food Corp. trades as Price Rite at more than 40 locations throughout CT, DE, MA, MD, NJ, NY, PA and RI. The supermarkets occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout VA during the coming 18 months. Typical leases run 10 years with four, five- to six- year options. Preferred cotenants include A.J. Wright, Home Depot, Lowe's Home Improvement, T.J. Maxx, Aaron's and Family Dollar. Preferred demographics include a population of 70,000 within five miles earning $25,000 to $50,000 as the median household income. The company requires a land area of at least three acres for ground-up locations and prefers to locate second-generation spaces. For more information, contact Tish Daly, Lisa Antoniewicz, Joe Gilchrist, Dennis Bachman or Richard Matwes, Wakefern Food Corp., 33 Northfield Avenue, Edison, NJ 08818-7812
Giant Eagle, Inc. trades as Giant Eagle at 228 locations throughout MD, OH, western PA and northern and central WV. The supermarkets, featuring bakery, deli and health and beauty departments, as well as a pharmacy, occupy spaces of 12,000 sq.ft. to 150,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout MD, OH, PA and WV during the coming 18 months. Typical leases run 20 years with options. Preferred cotenants include Home Depot, Barnes & Noble, Kohl's, Lowe's Home Improvement and Target. Major competitors include Tops, Shop N Save, Kroger and Giant. For more information, contact Shelly Sponholz or Jim Chickini, Giant Eagle, Inc., 261 Kappa Drive, Pittsburgh, PA 15238
Take Home the Bread trades as Panera Bread at 15 locations throughout Bronx, Dutchess, Orange, Putnam, Rockland and Westchester counties in NY. The restaurants, offering sandwiches, salads, soups and desserts, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Aries Deitch & Endelson. A vanilla shell and specific improvements are required. For more information, contact Bill Hesse, Aries, Deitch & Endelson, 110 South Central Avenue, Hartsdale, NY 10530
El Pollo Loco, Inc. trades as El Pollo Loco at 411 locations throughout AZ, CA, CT, GA, IL, NV, OR, TX and UT. The quick-service Mexican chicken restaurants occupy spaces of 2,200 sq.ft. to 2,800 sq.ft. in freestanding locations and endcaps of power centers. Plans call for 10 to 15 openings throughout the western region of the U.S. during the coming 18 months. Typical leases run 20 years with three, five-year options. A drive-thru is required. The company is franchising. For more information, contact Sandy Martin, El Pollo Loco, Inc., 3535 Harbor Boulevard, Suite 100, Costa Mesa, CA 92626.
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