REAL ESTATE

Report: Northbrook, Ill., considers retail development

BY Dan Berthiaume

Northbrook, Ill. – Trustees of Northbrook, Ill. reportedly are considering a 43,000-sq.-ft. retail development. According to the Chicago Tribune, the development sits on a four-acre parcel near the border with Glenview, Ill., which is owned by Svigos Asset Management.

The development would reportedly include a grocery store, two drive-through fast-food or coffee retailers and about 200 parking spots. One building would be almost twice as large as the other and the developers’ preliminary list of potential occupants includes Fresh Thyme Farmer’s Market, PetSmart, Starbucks and McDonald’s.

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FINANCE

Sprouts proposes stockholder sale of up to 15 million shares

BY Dan Berthiaume

Phoenix — Sprouts Farmers Market Inc. has filed a Registration Statement on Form S-1 with the Securities and Exchange Commission in connection with the proposed sale in an underwritten offering of up to 15 million shares of its common stock by affiliates of Apollo Global Management LLC and certain other stockholders of the company. Sprouts is not selling any shares and will not receive any proceeds of this offering.

The offering will be made through an underwriting group led by Goldman, Sachs & Co., Credit Suisse, BofA Merrill Lynch, Apollo Global Securities, Barclays, Deutsche Bank Securities, UBS Investment Bank, Guggenheim Securities and Wolfe Research Securities. Goldman, Sachs & Co., Credit Suisse and BofA Merrill Lynch are acting as joint book-running managers of the offering and the representatives of the underwriters.

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OPERATIONS

Barnes & Noble makes Nook publishing platform available in Europe

BY Dan Berthiaume

New York – Barnes & Noble subsidiary Nook Media LLC, is making its Nook Press self-publishing platform available to authors and publishers in the U.K., France, Germany, Spain, Italy, the Netherlands, and Belgium. Authors and publishers in these countries can now upload and start selling their books in these territories through Nook devices and free Nook reading apps, allowing them to reach millions of Nook customers around the globe.

As part of this expanded availability, Nook Press is now available in multiple languages including French, Italian, German, Spanish, Dutch, as well as English, and authors will be paid in their local currency.

“We are excited to make Nook Press available to independent authors and publishers in the U.K., France, Germany, Spain, Italy, the Netherlands and Belgium, opening up new sales opportunities to international authors and publishers,” said Theresa Horner, general manager of Nook Press. “This is another example of Barnes & Noble’s long-standing commitment to supporting and promoting authors and publishers, and bringing the very best content to its customers.”

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