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Wal-Mart Scoping Former Mervyn’s Spaces in Southern California
Posted By squarefeet On May 10, 2010 @ 7:07 am In Market Data,Trends | No Comments
Wal-Mart is opening up a mini-version of its Supercenters in in-fill markets in Southern California. It has signed a lease to take over a former 75,000SF Mervyn’s. The typical Supercenter is 150K+ SF. The company is also testing even smaller-format 10-20K sites in various parts of the country.
The decision to “downsize” in in-fill markets is one which makes a lot of sense. It not only opens up opportunities for them, but also likely allows them to come under less attack than they otherwise would when opening up large format stores. Many cities have passed ordinances limiting the big-box format.
The Business Journal also featured an article  on the former Mervyn’s sites recently as well.
[via Financial Times ]
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URL to article: http://www.squarefeetblog.com/commercial-real-estate-blog/2010/05/10/wal-mart-scoping-former-mervyns-spaces-in-southern-california/
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 an article: http://sanjose.bizjournals.com/sanjose/stories/2010/05/10/story3.html?b=1273464000^3313751
 Financial Times: http://www.ft.com/cms/s/0/83541478-597f-11df-99ba-00144feab49a.html?nclick_check=1
 Apple To Open 40 to 50 New Stores – More Than Half Internationally: http://www.squarefeetblog.com/commercial-real-estate-blog/2009/11/17/apple-to-open-40-to-50-new-stores-more-than-half-internationally/
 Mervyn’s to Liquidate and Close; 3000 Northern California Employees Affected: http://www.squarefeetblog.com/commercial-real-estate-blog/2008/10/18/mervyns-to-liquidate-and-close-3000-northern-california-employees-affected/
 Mervyn’s Financial Situation Dire; May Be Forced To File BK: http://www.squarefeetblog.com/commercial-real-estate-blog/2008/07/23/mervyns-financial-situation-dire-may-be-forced-to-file-bk/
 Mervyn’s Files Chapter 11 Bankruptcy: http://www.squarefeetblog.com/commercial-real-estate-blog/2008/07/30/mervyns-files-chapter-11-bankruptcy/
 Circuit City’s Auction Cancellation Bad News For Landlords: http://www.squarefeetblog.com/commercial-real-estate-blog/2008/12/23/circuit-citys-auction-cancellation-bad-news-for-landlords/