Retail & FoodService

LIG Assets, Inc. and Texas Real Estate Hedge Fund, LP have successfully executed a 16 year lease with a 4 year option for a total 20 year term on the first of ten planned locations with the new premium Terry's Supermarket concept.  The initial location covers a 61,000 square foot building on 4.22 acres located in Carrollton, Texas and was purchased by LIG Assets for $3 million.  This and future leases are projected to produce double digit cash on cash returns under a triple NNN Leasehold structure. …

Private equity firm Cerberus Capital Management LP is nearing an agreement to buy parts of Supervalu Inc (SVU.N) and an announcement could come as early as next week, a person familiar with the matter said on Friday. …

Weis Markets announced the launch of its 10th round of price freezes, effective in all 163 store locations. More than 2,000 products have been reduced in price and will stay at these discounted levels for 90 days. Since the company began its price freezing initiative in January 2009, Weis customers have saved more than $40 million dollars. …

Green BEAN Delivery, an online home delivery service that provides organic produce and natural groceries to its members, announces today that it is expanding services to greater Lexington, Ky. The company is the Midwest's most extensive network of farmers and artisans with organic and sustainable practices. …

GIANT Food Stores has completed major remodels of its stores located at 44 Natural Springs Road in Gettysburg and 2130 Palomino Road in Dover. The stores underwent six-month remodels to provide customers with an expanded product selection and features for a more convenient shopping experience. In Gettysburg, one of those features, a Beer Garden and Eatery, opened in August. …