Crain’s: Klaff Realty eyeing Supervalu’s Jewel-Osco business
Chicago — Suitors are lining up to carve out divisions of Supervalu following the company’s announcement last month that strategic divestitures were on the table as the Eden Prairie, Minn.-based grocer seeks to turn around its business performance. A Crain’s report published Monday identified Klaff Realty as one of the first companies to express an interest, in this case the Jewel-Osco piece of the business.
According to the report, Jewel-Osco competitor Dominick’s is also a likely suitor for that piece of Supervalu’s portfolio. The report also noted that Kroger could benefit from acquiring parts of Supervalu.
For the full Crain’s report, click here.
Spanx to launch first brick-and-mortar stores
New York – A report by Women’s Wear Daily said that shapewear brand Spanx will launch a retail presence, with four store openings in the coming months.
Expanding its online and department-store presence, Spanx will open three standalone branded stores in October, according to WWD, located in Tysons Corner Center in McLean, Va.; Garden State Plaza in Paramus, N.J.; and King of Prussia Mall in Philadelphia. A fourth store is slated to open at Atlanta’s Hartsfield-Jackson airport.
Two new tenants to open at Janss Marketplace
Thousand Oaks, Calif. — NewMark Merrill Cos. said that Sweet Tooth Dental Center and Dish Restaurant will open at Janss Marketplace, in Thousand Oaks, Calif., bringing the center to 97% occupancy.
Dish Restaurant signed a 10-year lease for a 6,548-sq.-ft. space near Aaron Bros. and RadioShack. The new restaurant at Janss Marketplace, which is the second location for Dish, is slated to open in mid-Sept.
Sweet Tooth Dental Center signed a five-year lease and has opened in a 2,613-sq.-ft. space near Dressbarn and Payless Shoe Source.