Cincinnati and Boise, Idaho — A judge in the Oregon federal court has blocked Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. U.S. District Judge Adrienne Nelson agreed with the Federal Trade Commission’s argument that Kroger would become the dominant player in traditional supermarkets if the deal passed, and rejected the companies’ counterargument that selling 579 stores to C&S Wholesale Grocers would replace the lost competition. In a press release issued today, Albertsons announced that it has exercised its right to terminate its merger agreement with Kroger. Additionally, Albertsons has filed …
Sun Valley, Idaho — Idaho-based Thomas Co. has arranged the $185 million sale-leaseback of a CVS/pharmacy portfolio. Situated within 16 states, the portfolio comprises 355,000 square feet across 28 stores. The properties, which will operate on a triple-net-lease basis, were free of debt at the time of sale.
Meridian, Idaho — Hanley Investment Group Real Estate Advisors has brokered the sale of a newly constructed single-tenant property located in Meridian. Mister Car Wash will occupy the 5,381-square-foot property, which is situated on a one-acre parcel. Bill Asher, Carlos Lopez and Kevin Fryman of Hanley, in association with Jeff Selick of Oakmore Inc. and ParaSell Inc., represented the developer and seller, an affiliate of Cadence Capital Investments. Ralph Riedel of Cushman & Wakefield represented the buyer, a private investor based in Salt Lake City.
Chubbuck, Idaho — SimonCRE has acquired Pine Ridge Mall in Chubbuck, with plans to redevelop the 2.6 million-square-foot property into an open-air shopping center. Tenants at the mall include Hobby Lobby and Planet Fitness, which will retain their current spaces. Additionally, the developer has executed leases with Buckle, Shoe Show and Deseret Books. Redevelopment plans at the property, which is situated on 58 acres, include the addition of multiple outparcels.
Cincinnati — Cincinnati-based The Kroger Co. and Boise, Idaho-based Albertsons Cos. Inc. have announced plans to sell an additional 166 grocery stores to C&S Wholesale Grocers in a divestiture package. This marks an amendment to an existing agreement with the buyer, which will now acquire a total 579 stores in a $2.9 billion deal. The original divestiture package was announced in September of last year, in connection with a proposed merger between Kroger and Albertsons. In February, the Federal Trade Commission (FTC) sued to block Kroger’s $24.6 billion acquisition of Albertsons …
Cincinnati and Boise, Idaho — Kroger Co. (NYSE: KR) and Albertsons Cos. Inc. (NYSE: ACI) have agreed to sell 413 stores across 17 states and Washington D.C. as part of the $24.6 billion merger between the two grocery giants. The buyer is C&S Wholesale Grocers, a New Hampshire-based grocery supply company overseeing brands including Piggly Wiggly and Grand Union. According to multiple news outlets including USA Today and Crain’s, the sales price is roughly $1.9 billion. In addition to the 400-plus grocery stores, C&S will also acquire eight distribution centers and two office properties …
Meridian, Idaho — Wood Investments Cos. has secured refinancing totaling $39.1 million for two shopping centers located in Meridian, roughly 11 miles outside Boise. The first shopping center, Gateway Marketplace, is leased to tenants including a 42,212-square-foot PGA Tour Superstore, Trader Joe’s, Mecca Gym, Land Ocean, Chili’s, Le Peep, Mathnasium and Orange Theory Fitness. Wood acquired the property in 2021. Tim Winton of Keystone Mortgage Corp. arranged a $16.5 million permanent loan through Voya Investment Management for the 135,732-square-foot property. The second shopping center, CentrePoint Marketplace, totals 197,288 square feet and …
Pocatello, Idaho — Kidder Matthews has brokered the sale of Pocatello Square, a 138,064-square-foot shopping center located in Pocatello. Tenants at the property, which was built in 2006 and fully leased at the time of sale, include Dick’s Sporting Goods, Grocery Outlet, Ross Dress for Less, JOANN Fabric and Crafts and Old Navy. Mike King, Erik Swanson, Darren Tappen, Peter Beauchamp and Nathan Thinnes of Kidder Matthews represented the seller, CWCapital, in the transaction. An undisclosed buyer purchased the center through CWCapital’s online auction platform, RI Marketplace.
Meridian, Idaho — Wood Investments Cos. has announced the opening of a 42,212-square-foot PGA Tour Superstore at Gateway Marketplace, a 135,732-square-foot retail center in the Boise suburb of Meridian. The store now leases a space formerly occupied by Rosauers grocery store. Other tenants at the center include Trader Joe’s, Mecca Gym, Land Ocean, Chili’s Grill & Bar, Le Peep, Mathnasium and Orange Theory. Andrea Nilson, LeAnn Hume, Travis Dunn, Julie Kissler and Braydon Torres of Cushman & Wakefield handle leasing at the property. Stuart Thain of Colliers represented the tenant …
Twin Falls, Idaho — Wood Investments Cos. has announced the addition of three new tenants to Canyon Park West, a 160,140-square-foot retail center located in Twin Falls. Natural Grocers will open a 20,000-square-foot store at the property this fall. Additionally, Ashley HomeStore and Carter’s have signed leases totaling 18,000 and 4,084 square feet, respectively, and are now open at the center.
Newer Posts