FINANCE

FMI forms partnership with TopSource to provide procurement solutions

BY Staff Writer

Dallas — The Food Marketing Institute (FMI) announced that it has entered into a strategic business partnership with TopSource LLC, a sourcing company and wholly owned subsidiary of Topco Associates LLC. FMI said the partnership will provide its members the opportunity to support the foundations of their growing businesses with significant savings related to costs in not-for-resale areas.

“This new partnership with TopSource addresses FMI members’ needs as they enhance their businesses, create efficiencies in operations and address their ultimate bottom lines,” said Leslie G. Sarasin, president and CEO of FMI. “TopSource and FMI will bridge membership value and provide access to savings in not-for-resale areas.”

“As an active member of both FMI and Topco, I am confident that this partnership will provide tremendous value to independent retail members of both organizations.” Steve Smith, president and CEO of K-Va-T Food Stores, Topco’s chairman of the board and past FMI chairman

FMI and TopSource will work together on program initiatives to help food retailers and wholesalers identify business opportunities and better serve the needs of their customers.

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REAL ESTATE

Dick’s Sporting Goods to open 487th store

BY Staff Writer

Pittsburgh — Dick’s Sporting Goods will open a store in Union, N.J., on May 2.

The Union location will be the retailer’s 16th store in the state of New Jersey and its 487th nationwide.

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REAL ESTATE

Westwood buys retail center in Macon, Ga.

BY Staff Writer

Macon, Ga. — Westwood Financial Corp., one of the nation’s largest owner-operators of shopping centers, has purchased Wesleyan Station, an 86,631-sq-.ft, retail center in Macon, Ga., for $8.9 million from a private seller.

“The center’s tenant mix creates a convenient, major retail hub for the growing number of people in the area,” said Joe Dykstra, EVP, Westwood Financial Corp. “This acquisition perfectly fits into what Westwood Financial Corp., is looking to accomplish in the Southeast. Our vision is to continue a history of success that will position Wesleyan Station as a dominant center in the market.”

The 20-suite, 92% leased Wesleyan Station was built in 1986 and remodeled twice in 1998 and 2009. Tenants include Kroger, Tuesday Morning, Starbucks, El Sombrero Mexican Restaurant, Cricket Wireless, ASP Pool Spa, LaBerry Yogurt and Macon Crossfit.

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