Haggen, late Friday afternoon (Pacific time), said that U.S. Bankruptcy Court for Delaware in Wilmington confirmed the sale of certain stores. The court approved two separate and previously announced purchase agreements for certain assets with Gelson’s Markets and Smart & Final LLC.
Gelson’s purchased certain assets related to eight stores located in California for approximately $36 million. Under a separate agreement, Smart & Final purchased certain assets of 28 stores located in California for $56 million.
According to a Haggen news release, Gelson’s acquired the following stores: Carlsbad, El Camino Real, Carlsbad; Del Mar, Via De La Valle, Del Mar; Ladera Ranch, Crown Valley Parkway, Ladera Ranch; Laguna Beach, South Pacific Coast Highway, Laguna Beach; La Jolla, Turquoise Street, San Diego; Rancho Mirage, Bob Hope Drive, Rancho Mirage; Santa Monica, Lincoln Boulevard, Santa Monica; and Thousand Oaks, Avenida De Los Arboles, Thousand Oaks.
Gelson’s President & CEO Rob McDougall on Monday said, “We’re excited to become part of these communities, a process that may take time in order to customize stores for each neighborhood. Our goal is to retain as many local Haggen workers as possible while also giving opportunities to existing Gelson’s employees, as well as others who wish to join the Gelson’s family.”
Gelson’s says it plans to relaunch its purchased stores early next year under its own brand with initial improvements to product selection and merchandising, followed several months later by redesign and construction. Existing pharmacies will remain open during the transition. In addition to the newly acquired locations, Gelson’s is on track to open new stores in Rancho Mission Viejo and Manhattan Beach.
The grocer currently operates 18 supermarkets in Southern California.
Smart & Final acquired the following stores: Atascadero, El Camino Real, Atascadero; Carlsbad, Carlsbad Village Drive, Carlsbad; Carpinteria, Linden Avenue, Carpinteria; Chino Hills, Chino Hills Parkway, Chino Hills; Chula Vista, East H Street, Chula Vista; Corona Del Mar, Coast Highway, Corona Del Mar; Coronado, B Avenue, Coronado; El Cajon, Camino Canada, El Cajon; El Cajon, Fletcher Parkway, El Cajon; La Mesa, Avocado Avenue, La Mesa; Newbury Park, Newbury Road, Newbury Park; Palmdale, W Avenue N, Palmdale; Paso Robles, Creston Road, Paso Robles; Redondo Beach, N. Pacific Coast Highway, Redondo Beach; Redondo Beach, S. Pacific Coast Highway, Redondo Beach; San Diego, Tierra Santa Boulevard, San Diego; San Diego, Westview Parkway, San Diego; San Luis Obispo, Johnson Avenue, San Luis Obispo; San Pedro, W 25th Street, San Pedro; San Ysidro, W San Ysidro Boulevard, San Ysidro; Santa Barbara, State Street, Santa Barbara; Santee, Magnolia Avenue, Santee; Simi Valley, Los Angeles Avenue, Simi Valley; Torrance, Hawthorne Boulevard, Torrance; Trabuco Canyon, Plano Trabuco Road, Trabuco Canyon; Ventura, Telegraph Road, Ventura; Westlake Village, Lindero Canyon Road, Westlake Village; and Yorba Linda, Yorba Linda Boulevard, Yorba Linda.
In addition, Smart & Final bought four California stores not previously announced: Laguna Niguel, Crown Valley Parkway, Laguna Niguel; Diamond Bar, S. Diamond Bar Boulevard, Diamond Bar; Burbank, W. Verdugo Avenue, Burbank; and San Diego, University Avenue, San Diego.
Completion of the transactions with Gelson’s and Smart & Final remain subject to certain conditions.
In addition, Haggen said Friday that it has accepted bids for certain its non-core stores. A total of 55 stores were sold for more than $47 million. Haggen intends to submit the results of the auction for approval to the bankruptcy court at a hearing on Nov. 24.
Haggen accepted bids with the following companies for the following stores:
Lake Havasu, McCulloch Boulevard, Lake Havasu
Tucson, East Broadway Boulevard, Tucson
Tucson, N. Silverbell Road, Tucson
Tujunga, Foothill Boulevard, Tujunga
Saugus, Bouquet Canyon Road, Saugus
Bakersfield, Panama Lane, Bakersfield
Bakersfield, E. Stockdale Highway, Bakersfield
Rancho Cucamonga, Foothill Boulevard, Rancho Cucamonga
Lompoc, N. ‘H’ Street, Lompoc
Goleta, S. Turnpike Road, Goleta
El Cajon, Broadway Street, El Cajon
La Mesa, Lake Murray Boulevard, La Mesa
Rancho Bernardo, Rancho Bernardo Road, Rancho Bern
San Diego, Highland Village Place, San Diego
Henderson, Bicentennial Parkway, Henderson
Henderson, College Drive, Henderson
Henderson, Boulder Highway, Henderson
Baker City, Campbell Street, Baker City
Eugene, Hilyard Street, Eugene
Springfield, Main Street, Springfield
Ashland, Sisiyou Boulevard, Ashland
Monroe, SR 2, Monroe
Burien, First Avenue S, Burien
Burien, 1st Avenue S., Burien
Renton, SE Petrovitsky Road, Renton
Everett, Evergreen Way, Everett
Renton, 4th Avenue, Renton
Shoreline, Aurora Avenue N, Shoreline
Port Orchard, Bethel Road S.E., Port Orchard
Spanaway/Tacoma, Pacific Avenue S, Spanaway/Tacoma
Gig Harbor, Point Fosdick Drive NW, Gig Harbor
Puyallup, Canyon Road East, Puyallup
Milton, Milton Way, Milton
Sprouts Farmers Market
Los Angeles, Venice Boulevard, Los Angeles
Simi Valley, Cochran, Simi Valley
Goleta, N. Fairview Avenue, Goleta
Las Vegas, W. Lake Mead Boulevard, Las Vegas
Tawa Inc. (an Asian American supermarket company doing business as 99 Ranch Market, headquartered in Buena Park, California)
Chula Vista, Telegraph Canyon Road, Chula Vista
San Diego, Balboa Avenue, San Diego
Beaverton, S.W. Hall, Beaverton
Additionally, Carnival Supermarkets Inc. picked up two stores in California, at Third Avenue in Chula Vista and Rancho Sante Fe in San Marcos.
Others acquiring stores in California include:
• Tustin Safe LLC: Tustin, 17th Street, Tustin
• Regency Centers LP: Woodland Hills, Mulholland Drive, Woodland Hills
• Balboa Retail LLC: Lomita, Pacific Coast Highway, Lomita
• Donahue Schriber Realty Group: Camarillo, Las Posas, Camarillo
• Stater Bros. Markets: Simi Valley, E. Los Angeles Avenue, Simi Valley
• SB Grocery LLC (Roxy’s Market): Santa Barbara, Cliff Drive, Santa Barbara
• RJS Investment Group: Poway, Pomerado Road, Poway
• Good Food Holdings (Bristol Farms): San Diego, W. Washington Street, San Diego
Yoke’s Foods Inc. purchased one store in Washington, at N. Liberty Lake Road in Liberty Lake.
Go here to read what led to the auction of these stores.