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Foodland center on market for $16 million

A&P grocer intends to continue renting space, owner says

Posted: Sunday, January 03, 2010

Foodland Shopping Center in downtown Juneau went on the market this month for $16 million.

Michael Penn / Juneau Empire
Michael Penn / Juneau Empire

The prominent shopping center is owned by the Rosenberger family of Juneau. Family members wanted to put the center on the market for a while, but structural issues with ownership prevented it until now, listing agent John Williams said.

The strip mall on five acres includes 100,000 square feet of real estate, including downtown's largest grocer, Alaskan and Proud.

A potential buyer of the strip mall would likely be a grocery store chain, said Williams, who is the owner and broker of Juneau Real Estate.

A&P is owned by Williams Inc., a family business based in Ketchikan.

CEO Ben Williams said he would entertain an offer for the Juneau store but he is not actively trying to get out of the business in Juneau.

"It's business as usual for us," he said.

Williams Inc. owns four grocery stores in Southeast Alaska. Two are in Ketchikan and another is on Prince of Wales.

Williams said Wal-mart's opening of a superstore in Juneau about two years ago negatively affected sales at the Juneau Alaskan and Proud by about 10 percent of volume.

But it's not enough to drive him out of the city. Baring any unforeseen economic events, Williams intends to continue to rent the space, he said. The lease extends more than three additional years.

Foodland Shopping Center also has an ACE Hardware, JRC/The Alaska Club fitness center, Kenny's Liquor Mart and Foodland Super Drug pharmacy. Domino's Pizza, a First Bank branch and other stores are located in an annex building. The backside of the grocery store has three stories with a variety of professional offices.

It is the second shopping mall anchored by a grocer to go on the market in Juneau, the first being the Super Bear Supermarket in the Mendenhall Mall.

John Williams said his listing of the Foodland center is different because it is offered with land.

• Contact reporter Kim Marquis at 523-2279 or kim.marquis@juneauempire.com.



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