REAL ESTATE

Crain’s: Klaff Realty eyeing Supervalu’s Jewel-Osco business

BY Michael Johnsen

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.

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REAL ESTATE

Spanx to launch first brick-and-mortar stores

BY Staff Writer

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.

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REAL ESTATE

Two new tenants to open at Janss Marketplace

BY Staff Writer

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.

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