Haggen Receives Approval of Sale & Auction Results

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.

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