REAL ESTATE

Baker Storey McDonald Properties acquires Kentucky, Ohio centers

BY Staff Writer

Nashville, Tenn. — X Team International announced that Nashville-based partner Baker Storey McDonald Properties has acquired two shopping centers located in Kentucky and Ohio.

BSM acquired Kroger Plaza, a 53,989-sq.-ft. Kroger shadow-anchored shopping center located in Winchester, Ky., a suburb of Lexington. BSM will manage and lease the retail center. Kroger Plaza is currently occupied by a number of tenants including Cato, The UPS Store, Papa John’s, NovaCare and Hallmark. Prior to acquisition of the center, BSM executed a lease with Burke’s Outlet to occupy a 20,000-sq.-ft. space in the center. Burke’s, a division of Bealls Department Stores of Florida, plans to open its store at the end of March 2012.

Upon Burke’s occupancy, Kroger Plaza will be 90% leased.

BSM acquired a former National City Bank branch as well. Prior to acquisition, BSM developed plans for a new 6,200-sq.-ft. shopping center to replace the existing bank branch and signed leases with three tenants: Aspen Dental, JS Gold, and GNC.

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REAL ESTATE

Sav-A-Lot to open 13 stores in February/March

BY Marianne Wilson

St. Louis — Save-A-Lot, a wholly owned subsidiary of Supervalu, will open 13 stores in February and March.

The grocer will open three locations in New York bringing the total number of Save-A-Lot stores in the state to 52. In Ohio, it will open three stores, for a total of 128 locations state-wide. The chain will open four stores in Pennsylvania, for a total of 76, and three in Tennessee, for a total of 108.

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REAL ESTATE

Peeps & Co. opens third store

BY Marianne Wilson

Bethlehem, Pa. — Peeps & Co. has opened its third store, in The Shoppes at Sands, next to the Sands Casino Resort Bethlehem, Bethlehem, Pa. The store offers an energy-filled environment immersing visitors in sight, sound and taste.

Peeps is the retail arm of candy-maker Just Born, whose brands include Peeps and Mike and Ike.

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