As part of the transaction, Remke will purchase the following locations:

  • Highland Ridge, 3240 Highland Ave., Cincinnati;
  • Western Hills, 5071 Glencrossing Way, Cincinnati;
  • Skytop, 5218 Beechmont Ave., Cincinnati;
  • Hyde Park, 3872 Paxton Ave., Hyde Park;
  • Mason Montgomery, 9600 South Mason-Montgomery Rd., Mason;
  • Delhi, 5025 Delhi Rd., Cincinnati.

The transaction is expected to close in spring 2010 and will bring Remke Markets' complementof locally-owned and operated stores to 13. Each of these locations will be supplied by theSupervalu distribution center in Xenia, OH.

Supervalu plans to close the five remaining bigg's stores before the end of June. These locations include:

  • Eastgate, 4450 Eastgate Blvd., Cincinnati;
  • Harrison, 10501 New Haven Rd., Harrison;
  • Colerain, 8340 Colerain Ave., Cincinnati;
  • West Chester, 4824 Union Center Blvd., West Chester;
  • Florence, 4874 Houston Rd., Florence (KY);
  • A spokesman tells GlobeSt.com that bigg's stores were underperforming. "We continuously review our store base to ensure we are meeting our sales goals and, when necessary, make the decision to close or sell stores that are not," he says.

Prescription files at the Florence bigg's store will be transferred to Remke Market's Turfwaystore later this spring. The other four pharmacies' files will be transferred to another local company. Remke Markets is an employee-owned grocery store that has been serving Northern Kentucky communities since 1897. There are seven Remke stores centrally in Northern Kentucky.

CHICAGO- The ground lease interest of 801 W. North Ave., the future location of a new Apple Inc. store, was sold to a private, out-of-town buyer. Peter Block, SVP, Anne Arnold, senior associate, and Brad Teitelbaum, associate, all with Grubb & Ellis' Private Capital Markets group, and Steve Algermissen, executive director, and Kazuko Morgan, EVP, both of Cushman & Wakefield, represented the seller in the transaction. Apple Inc. will occupy the site's 18,000-square-foot retail building, which is scheduled to open within the next several months on the Lincoln Park property. The retailer has a 10-year ground lease on the property and options to extend its lease another 20 years.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.