Brokers, Martin Leon and Chris Corso of De Rito Partners, Inc. recently announced that they will represent Smart & Final, a value-oriented grocer serving household and business customers with three new location leases.
Founded as the Hellman-Haas Grocery Company in 1871, Smart & Final operates nearly 250 warehouse stores under the Smart & Final and Cash & Carry Smart Foodservice banners. The new location leases will be Smart & Final Extra! stores, which are larger than traditional Smart & Final locations. They will also have an expanded selection of products for both business and household customers.
The first new store will be located at the Tatum and Thunderbird shopping center, owned by Westwood Financial. This store will be 28,289 square feet.
The second new store will be located at 35th Avenue and Greenway in a property owned by Weingarten REIT. This store will be 28,985 square feet.
The third new store will be located at a property owned by Brixton Capital, on Guadalupe and Gilbert. This store will be 35,949 square feet.
Smart & Final currently has seven stores in the Valley and has been in Arizona for more than 30 years.
“These three locations are the first new Smart & Final locations to open since 2004, another indication of improving market conditions here in the Metro Phoenix area,” said Martin Leon, a broker at De Rito Partners.
All three location leases are scheduled to open during Q2 and Q3 of 2015.