Running with Equity Retail: ShopRite, Giant are sales leaders once again

Food Trade News’ annual market study of grocery retailers, which contains page upon page of sales figures, market share data and analysis, revealed once again that ShopRite and Giant are the Delaware Valley and Philadelphia leaders. And with more stores in the pipeline, including 15 Genuardi’s stores soon to become Giants, their reign looks like it will continue for a long time.

·         ShopRite, Giant tops again in Greater Philly sales

·         Supervalu can be bought at a big discount, analysts say

·         Walmart less threatening to supermarkets than it used to be

·         McCaffrey’s to acquire Genuardi’s in Newtown, PA

·         Traditional supermarkets lost stores in 2011, high-end grocers added stores

For more good reading, be sure to visit Rob Samtmann’s blog, Boxing with Equity Retail, which covers retail boxes, big and small.

Lastly, if you ever want to talk grocery-anchored shopping centers, or if I can help you with your real estate needs, please don’t hesitate to call me.

All the best,

David

Featured Property - New Retail in Hatfield

David Goodman of Equity Retail Brokers is pleased to present pad sites and retail space available for lease at 1625 Cowpath Road in Hatfield, Montgomery County, PA.  This 2± acre property is situated across from the new grocery-anchored Snyder Square, whose tenant roster includes a 75,000 SF Giant, CVS, TD Bank, STS Auto, Giant Gas and more.  The two centers share a signalized intersection that offers great visibility on a road (Cowpath) with high traffic counts. 

“In the last two years, Hatfield has welcomed two new grocery-anchored centers,” said Goodman.  “This site on Cowpath Road represents a great opportunity for retailers to piggyback on the success of a high-volume supermarket and a growing community.”

Please feel free to contact David (484-417-2219, dgoodman@equityretailbrokers.com) for more information on this property.

Two (2) New Tenants Join the Southampton Mix

Equity Retail Brokers were pleased to represent the Landlord, Southampton Real Estate MZL, L.P., in leasing a total of approximately 4,200 SF of inline space at the Southampton Shopping Center.  The center is located on Second Street Pike in Southampton, Bucks County, PA.  The two (2) new leases are as follows:

• Tip N Toe Spa leased approximately 1,400 SF of space for a new spa location, now open.  At Tip N Toe Spa, you will experience an environment like no other.  Their mission is to provide consistent and exceptional service with a superior level of creativity and integrity.  All services are performed in a professional and relaxing atmosphere.

• House of Pho leased approximately 2,800 SF of space for a new restaurant, now open.  House of Pho serves traditional, made-to-order Vietnamese Cuisine.  Dine-in or take-out.  They offer a special vegetarian menu and a quick lunch of Pho made in 10 minutes or less.

Tip N Toe Spa and House of Pho join a strong retail tenant mix in the newly renovated center, including Giant, Susan’s Hallmark, Tuesday Morning, GameStop, UPS Store, Salad Works, Incredible Edibles, Wine & Spirits, Kumon Learning Center, Citizen’s Bank and First Federal of Bucks County.  “Equity Retail Brokers continues to add value to our Landlords’ assets as we stay focused on leasing high-quality retail and grocery- anchored shopping centers,” commented Ken McEvoy, Principal at Equity Retail Brokers.

Please feel free to contact either Greg (484-417-2224, gjones@equityretailbrokers.com) or Ken (484-417-2226, kmcevoy@equityretailbrokers.com) for information on other retail opportunities.

Wawa Selects Equity Retail Brokers to Represent Them in the Sale of Select Excess Properties

Equity Retail Brokers is pleased to announce that Wawa has selected Equity Retail Brokers to represent them in the sale of select excess properties in Chester County, PA and Delaware County, PA.

• Equity Retail’s Disposition Department Specializes in Corporate

          Real Estate Asset Assignments.  

• Eric Kuhn and Rob Samtmann of Equity Retail Brokers will

          Spearhead this Project.

• Sites Being Offered for Sale are Well Positioned in the Retail

          Corridors of their Respective Markets.

• Equity Retail Brokers Prides Itself on Co-operating with Brokers in Facilitating Successful Transactions.

If you need help disposing of a retail real estate asset, please feel free to contact Eric (484-417-2223, ekuhn@equityretailbrokers.com) or Rob (484-417-2208, rsamtmann@equityretailbrokers.com) for information on other retail opportunities.