Haggen Receives Approval of Sale of Stalking Horse Bidder Packages and Announces Auction Results
Bellingham, Wash, 2015-11-18 — /EPR Retail News/ — 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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SOURCE: Haggen, Inc.