Fleming Companies Inc. is selling off dozens of ABCO Foodslocations throughout the Valley, and Kroger is expected to close anumber of Fry's Food stores in the coming year. Kroger completedits purchase of Smith's, Smitty's and Fry's last year and plans toclose duplication locations and smaller stores, which will resultin large vacancies in about a dozen grocery-store-anchored retailcenters in 2001.
"You are going to see a lot of unique ways to utilize olderretail and some it won't be retail when it gets done," Butterworthsays.
Even with the glut of space expected to hit the market nextyear, Butterworth believes that the vacancy rate might only driftup slightly. Most of the new space being built now, some sixmillion sf, is significantly pre-leased and will have littleavailable space to offer.
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