Haggen Receives Approval of Sale of Stalking Horse Bidder Packages and Announces Auction Results
PR 11/13/15
Haggen today announced that the U.S. Bankruptcy Court for Delaware in Wilmington confirmed the sale of certain stores. The Court approved two separate 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.
Gelson’s and Smart & Final acquired the following stores:
GELSON’S MARKETS California
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 Hwy., Laguna Beach
La Jolla – Turquoise St, San Diego
Rancho Mirage – Bob Hope Drive, Rancho Mirage
Santa Monica – Lincoln Blvd, Santa Monica
Thousand Oaks – Avenida De Los Arboles, Thousand Oaks
SMART & FINAL LLC California
Atascadero – El Camino Real, Atascadero
Carlsbad – Carlsbad Village Dr, Carlsbad
Carpinteria – Linden Avenue, Carpinteria
Chino Hills – Chino Hills Pkwy, Chino Hills
Chula Vista – East H St, Chula Vista
Corona Del Mar – Coast Highway, Corona Del Mar
Coronado – B Ave, Coronado
El Cajon – Camino Canada, El Cajon
El Cajon – Fletcher Pkwy, 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 Hwy., Redondo Beach
Redondo Beach – S. Pacific Coast Hwy., Redondo Beach
San Diego – Tierra Santa Bl., San Diego
San Diego – Westview Pkwy, San Diego
San Luis Obispo – Johnson Ave, San Luis Obispo
San Pedro – W 25th St, San Pedro
San Ysidro – W San Ysidro Blvd, San Ysidro
Santa Barbara – State St., Santa Barbara
Santee – Magnolia Ave., Santee
Simi Valley –Los Angeles Avenue, Simi Valley
Torrance – Hawthorne Blvd, Torrance
Trabuco Canyon – Plano Trabuco Rd., Trabuco Canyon
Ventura – Telegraph Road, Ventura
Westlake Village – Lindero Canyon Rd, Westlake Village
Yorba Linda – Yorba Linda Blvd., Yorba Linda
Completion of the transactions with Gelson’s and Smart & Final remain subject to certain conditions.
The Company also announced 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 November 24.
Haggen accepted bids with the following parties for the following stores:
BUYER STATE STORE METRO AREA
Albertson’s LLC AZ Lake Havasu – McCulloch Blvd Lake Havasu
Albertson’s LLC AZ Tucson – East Broadway Blvd Tucson
Albertson’s LLC AZ Tucson – N. Silverbell Road Tucson
Smart & Final Stores LLC CA Laguna Niguel – Crown Valley Pkw Laguna Niguel
Tustin Safe LLC CA Tustin – 17th St Tustin
Albertson’s LLC CA Tujunga – Foothill Blvd Tujunga
Smart & Final LLC CA Diamond Bar – S. Diamond Bar Blvd Diamond Bar
Albertson’s LLC CA Saugus – Bouquet Canyon Rd Saugus
Smart & Final LLC CA Burbank – W. Verdugo Ave Burbank
Sprouts Farmers Market CA Los Angeles – Venice Blvd Los Angeles
Regency Centers L.P. CA Woodland Hills – Mulholland Dr Woodland Hills
Balboa Retail, LLC CA Lomita – Pacific Coast Highway Lomita
Albertson’s LLC CA Bakersfield – Panama Lane Bakersfield
Albertson’s LLC CA Bakersfield – E. Stockdale Hwy Bakersfield
Albertson’s LLC CA Rancho Cucamonga – Foothill Blvd Rancho Cucamonga
Donahue Schriber Realty Grp CA Camarillo – Las Posas Camarillo
Sprouts Farmers Market CA Simi Valley – Cochran Simi Valley
Stater Bros. Markets CA Simi Valley – E. Los Angeles Ave Simi Valley
Albertson’s LLC CA Lompoc – N. ‘H’ St Lompoc
Albertson’s LLC CA Goleta – S. Turnpike Rd Goleta
Sprouts Farmers Market CA Goleta – N. Fairview Ave Goleta
SB Grocery, LLC CA Santa Barbara – Cliff Dr Santa Barbara
Tawa, Inc. CA Chula Vista – Telegraph Canyon Rd Chula Vista
Carnival Supermarkets Inc. CA Chula Vista – Third Ave Chula Vista
Smart & Final Stores LLC CA San Diego – University Ave San Diego
Albertson’s LLC CA El Cajon– Broadway St El Cajon
Albertson’s LLC CA La Mesa – Lake Murray Blvd La Mesa
RJS Investment Group CA Poway – Pomerado Road Poway
Albertson’s LLC CA Rancho Bernardo-Rancho Bernardo Rd Rancho Bern.
Albertson’s LLC CA San Diego – Highland Village Pl San Diego
Tawa, Inc. CA San Diego – Balboa Ave San Diego
Carnival Supermarket Inc. CA San Marcos – Rancho Sante Fe San Marcos
Good Food Holdings CA San Diego – W. Washington St San Diego
Albertson’s LLC NV Henderson – Bicentennial Pkwy Henderson
Albertson’s LLC NV Henderson – College Dr Henderson
Albertson’s LLC NV Henderson – Boulder Hwy Henderson
Sprouts Farmer’s Market NV Las Vegas – W. Lake Mead Blvd Las Vegas
Tawa, Inc. OR Beaverton – S.W. Hall Beaverton
Albertson’s LLC OR Baker City – Campbell St Baker City
Albertson’s LLC OR Eugene – Hilyard St Eugene
Albertson’s LLC OR Springfield – Main St Springfield
Albertson’s LLC OR Ashland – Sisiyou Blvd Ashland
Albertson’s LLC WA Monroe – SR 2 Monroe
Albertson’s LLC WA Burien – First Ave. S Burien
Albertson’s LLC WA Burien – 1st Ave. S. Burien
Alberton’s LCC WA Renton – SE Petrovitsky Rd Renton
Albertson’s LLC WA Everett – Evergreen Wy Everett
Albertson’s LLC WA Renton – 4th Ave. Renton
Albertson’s LLC WA Shoreline – Aurora Ave. N Shoreline
Albertson’s LLC WA Port Orchard – Bethel Rd. S.E. Port Orchard
Yoke’s Foods, Inc. WA Liberty Lake – N. Liberty Lake Rd Liberty Lake
Albertson’s LLC WA Spanaway/Tacoma –Pacific Ave. S Spanaway/Tacoma
Albertson’s LLC WA Gig Harbor – Point Fosdick Dr. NW Gig Harbor
Albertson’s LLC WA Puyallup – Canyon Rd. East Puyallup
Albertson’s LLC WA Milton – Milton Way Milton
Stroock & Stroock & Lavan, LLP and Young, Conway, Stragatt & Taylor, LLP serve as legal counsel, Sagent Advisors as real estate advisors, and Alvarez & Marsal as restructuring advisors to Haggen Inc.
