EQUITY RETAIL BLOG

Philadelphia Finalizes Plans for Huge Waterfront Mixed-Use Development

Jefferson Apartment Group and Haverford Properties have closed on a long-term ground lease of one of the largest parcels fronting the Delaware River as well as secured construction financing that will pave the way for the development of a mixed-use project along the waterfront. Aside from being one of the biggest, the site is one […]

Fresh Street makes debut in Chicago with pickup-only grocery store

Fresh Street, a pickup-only grocery store, opened last week in Chicago. It’s an e-grocery platform available via a mobile app on iOS or Android that offers 4,000 SKUs of food and nonfood items for free curbside pickup within 30 minutes of the order being placed. To use the service, customers open an account online or […]

Thousands of bees stolen from Giant HQ in Carlisle

According to a report last month, about 60,000 bees were stolen from The Giant Company headquarters in Carlisle, PA. The hives were reportedly taken from an apiary. “Bees are an essential part of our food supply chain and having these beehives were one way we were helping to address the declining bee population here in […]

Sprouts proposing its second store in South Jersey

Three years after Sprouts Farmers Market opened its first New Jersey store in Marlton, the Courier Post reported that a second store in the state is planned for Haddon Township, Camden County. According to the report, a filing with the township’s planning department indicates that Sprouts proposes to occupy a 23,000 square foot space in […]

Equity Retail Brokers Launches Online Resource for Buyers and Sellers of Triple-Net-Leased Commercial Real Estate Properties

Triple-net Trends site delivers cap rates (including by region) on more than 50 chains, along with customer visitations, comps and other key performance indicators; categories include automotive, big-box retail, banking, c-stores, and fast-casual/QSR restaurants. PLYMOUTH MEETING, Pa. (03/17/22)—Equity Retail Brokers today announced the launch of nnntrends.com—a one-stop-shop resource for investors in triple-net-lease properties nationwide. Available […]

Weis Markets 2021 sales are highest in company history

Weis Markets reported that it had record sales in fiscal 2021, surpassing its previous record set a year ago amid COVID-driven consumer demand. Fiscal 2021 net sales totaled $4.22 billion, the highest in the company’s history, representing a 2.7% increase over the prior year. Furthermore, Chairman and CEO Jonathan Weis said 2021 fourth quarter results […]

Wegmans planning to open first store in Connecticut

Wegmans announced earlier this month that they plan to open a store in Norwalk, Connecticut. It would be the company’s first store in the state, and after planned new stores open in Delaware and Washington D.C., Wegmans will have supermarkets in nine states plus the District of Columbia. At 95,000 square feet, the Norwalk store […]

Albertsons may explore selling its grocery chains, including Acme

Earlier this month analysts reported that Acme’s parent company, Albertsons, may be looking to unload some of its supermarket chains as the company begins a comprehensive review of its business strategy. Albertsons said the review would include considering “potential strategic or financial transactions” and entertaining “inquires.” Goldman Sachs and Credit Suisse are helping Albertsons with […]

Walmart building 1.8 million SF e-commerce fulfillment center in PA

Walmart announced last week that it plans to build a 1.8 million square foot e-commerce fulfillment center in Shippensburg, PA to help process online orders. The facility, which is expected to open this spring, will be used to store millions of items ordered via Walmart.com to be picked, packed and shipped to customers as soon […]

Home Depot and Lowe's Post Strong Gains

While demand in the home improvement category has come down from pandemic highs, the biggest players in the sector continued to post sales gains in the fourth quarter. As consumers invested in their homes around the holidays, The Home Depot on Tuesday reported fourth quarter net sales increased 10.7% year over year to $35.7 billion, […]