January
2019

Klaff Realty, together with JV partners, acquire 14 vacant properties from Toys “R” Us lender

In January 2019, Klaff Realty, LP led a joint venture among a consortium of investors in the acquisition of a 14-property portfolio of former Toys “R” Us stores. The portfolio was previously owned by its lenders after the toy product retailer filed for bankruptcy. The JV consists of Klaff Realty (www.klaffrealty.com), Lubert-Adler (w…

April
2018

Klaff Realty acquires Yorkhouse Commons

In April 2018, an affiliate of Klaff Realty, LP successfully closed on its third property in its necessity-based retail strategy, Yorkhouse Commons in Waukegan, Illinois.  The fully occupied single-story retail strip center is located in the southwest quadrant of Yorkhouse Road and Lewis Avenue positioned between a Target and Jewel-Osco…

February
2018

Jonathan Franklin joins Klaff Realty as Executive Principal

Klaff Realty announced that Jonathan Franklin has joined the firm as Executive Principal effective February 15, 2018. Mr. Franklin will be responsible for providing additional sourcing and execution capabilities for Klaff Realty. “Jonathan has extensive acquisition experience specifically with international real estate transactions …

December
2017

Construction complete on 542-566 W. Roosevelt Road

In June 2017, we commenced work on the redesign of the exterior of 542-566 Roosevelt Road in Chicago, Illinois to give it a more modern look and feel. The building had not undergone any major improvements since it was originally constructed nearly 60 years ago. Some of the major components associated with the redevelopment included th…

August
2017

Klaff Realty, together with JV partner, acquire site in Los Angeles for co-working space development

In August 2017, affiliates of Klaff Realty, LP and Bond Companies acquired a project site totaling approximately 90,875 square feet in Hollywood, California.  The site is situated in a prime location just one block south of Sunset Boulevard, one block west of Western Avenue and one block east of US-101, in the heart of the new Hollywood…

June
2017

Klaff Realty acquires LP Interest from private endowment

In June 2017, Klaff Realty acquired a limited partner interest in a secondary sale from a large university endowment.  The portfolio is comprised of 35 assets nationwide across a variety of asset classes, deploying a value-add strategy.  These assets were primarily purchased between 2014 and 2016.  Specifically, the portfolio includes…

December
2016

Klaff Realty acquires Grand & Brookside Shopping Center

In December 2016, an affiliate of Klaff Realty, LP acquired its second property in its necessity-based retail strategy, Grand & Brookside Shopping Center in Gurnee, Illinois. The shopping center is anchored by Bridgestone Firestone and includes three other tenants, Jimano’s Pizzeria, Grand Cleaners and Enterprise Rent-A-Car. Thi…

September
2016

Klaff Realty, together with JV partners, acquire Uruguayan grocery chain, Tienda Inglesa

After several months of negotiations, Klaff Realty, along with Goldman Sachs’ Merchant Bank and the Uruguayan-based Najul family, have acquired the outstanding shares of Tienda Inglesa, a leading Uruguayan grocery chain.  Tienda Inglesa is a high volume, 10-store grocery chain founded in Uruguay in 1870.  The chain employs over 4,400…

July
2016

Klaff Realty acquires first property under the necessity-based retail strategy

In July 2016, an affiliate of Klaff Realty, LP, acquired a multi-tenant strip center in Chicago’s South Loop neighborhood. This is the first property acquired in connection with Klaff Realty, LP’s strategy to acquire service- and necessity-oriented retail centers. The property at 542-566 W. Roosevelt Road in Chicago, Illinois incl…

February
2015

Klaff Realty names Rita Sawyer as Chief Financial Officer

Klaff Realty announced that Rita L. Sawyer has joined the firm as Chief Financial Officer and Chief Administrative Officer. Ms. Sawyer will be responsible for leading the financial operations and administrative activities for Klaff Realty. “We are thrilled to have Rita join our firm,” said Hersch Klaff, President of Klaff …

January
2015

Albertsons and Safeway Complete Merger Transaction

Newly combined private company will operate 2,230 grocery stores in 34 states and the District of Columbia PLEASANTON, CA and BOISE, ID — Jan. 30, 2015 — AB Acquisition LLC and Safeway Inc. (NYSE: SWY, “Safeway”) announced today that they have completed their proposed merger. Under th…

March
2014

Hersch Klaff, Big-Game Hunter in a Retail Jungle

in the Chicago Tribune
March
2014

Klaff Realty and JV partners announce merger agreement between Safeway and Albertsons in deal led by Cerberus Capital

Merger Will Lead to an Enhanced Shopping Experience, Including Lower Prices for Customers

May
2013

Cerberus Mulls Bid for Harris Teeter

in the Wall Street Journal
March
2013

Klaff Realty, together with JV partners, acquires 877 grocery stores for $3.3 billion from SuperValu in a deal led by Cerberus Capital Management

SUPERVALU Completes Sale of Five Retail Grocery Banners to Cerberus-Led Investor Group Tender Offer Completed for 5.475% of Shares With Additional Issuance of 19.9% Shares Mar. 21, 2013– SUPERVALU Inc. (NYSE: SVU) today announced it completed the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s an…

January
2013

Jewel-Osco Deal has Chicago Connections

in the Chicago Tribune
January
2013

Private-Equity Investors Show Supervalu Who’s the Boss

in the Wall Street Journal
January
2013

Cerberus to Buy Albertsons Grocery Chain from Supervalu

in the New York Times
January
2013

Property Is Plum in Supervalu Deal

in the Wall Street Journal
November
2012

Supervalu Looks to Polish its Jewel

in the Chicago Tribune
October
2012

Supervalu May be Just That

in the Wall Street Journal
August
2011

Klaff Realty, together with local JV partner, acquires the Old Hotel Bragança in Rio De Janeiro, Brazil

A Brazilian affiliate of Klaff Realty, LP, together with a local joint venture partner, acquired the land of the old Hotel Bragança in the Lapa district of Rio De Janeiro, Brazil. The initial plan is to restore the historic facade and develop a 130-room limited-service business hotel directly behind the facade to capitalize on the sh…

July
2011

Klaff Realty, together with local JV partner, acquires Hotel Debret across from Copacabana Beach in Rio De Janeiro, Brazil

HKB Copa, LLC, a wholly owned subsidiary of Klaff Realty, LP, with its local joint venture partner, has acquired Hotel Debret in Rio De Janeiro, Brazil. The non-branded, 109-room hotel, located directly across from Copacabana Beach offers permanently unobstructed view of the beachfront, Sugar Loaf mountain, and the Christ the Redeemer st…

December
2009

Klaff Realty, together with local JV partner, acquires a 16-building educational campus in Campinas, Brazil

Klaff Realty’s Brazilian affiliate and AFZ Participações Ltda. (“JV”) partnered to acquire the fee interest in Anhanguera Campinas FAC 3, a 16-building educational facility located in the city of Campinas, State of Sao Paulo, Brazil. The JV purchased the property from Anhanguera Educacional Participações S.A. (“AEPSA”), Bra…

January
2009

Final 3 Pitches for Chicago Cubs

in the Chicago Tribune
September
2008

Walgreen’s Threatens Hostile Bid for Longs

in the New York Times
September
2008

Walgreen Jumps In With Rival Bid for Longs Drug

in the Wall Street Journal
July
2008

Real Estate Executive Said to Join Cubs Bidding

in the New York Times
April
2007

Klaff Realty, together with JV partners, acquires the national real estate portfolio from Rex Stores

Klaff Realty, LP, together with joint venture partners Coventry Real Estate Advisors and Lubert Adler, acquired a 1.03 million square foot, 87-property national retail portfolio from Rex Stores Corporation (“Rex”). The fee-owned portfolio is comprised of free-standing buildings averaging 11,700 square feet on 1.2 acres o…

September
2006

Klaff Realty, together with JV partners, acquires Marsh Supermarkets for $325 million in a deal led by Sun Capital Partners

BOCA RATON, Fla., Sept. 27, 2006 /PRNewswire/ — Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that MSH Supermarkets, Inc., an affiliate of Sun Capital, has completed the acquisition of Marsh S…

January
2006

Klaff Realty, together with JV partners, acquires Chicago Cub Foods stores from SuperValu

NEW YORK, NEW YORK – Twenty six Cub Foods Stores have been acquired from SUPERVALU INC. (NYSE: SVU) by an investment group led by Cerberus Capital Management, L.P. As part of SuperValu’s acquisition of New Albertsons, including its Chicago-based Jewel-Osco stores, SuperValu divested its Chicago-area Cub Fo…

January
2006

Klaff Realty, together with JV partners, acquires Albertsons for $2.3 billion in a deal led by Cerberus Capital Management

A consortium consisting of three separate investment groups: 1) SUPERVALU INC. (NYSE: SVU) 2) CVS Corporation (NYSE: CVS) 3) A Cerberus Capital Management, L.P.-led investment group, has agreed to acquire Albertsons, Inc (NYSE: ABS) in a transactions valued at $17.4 billion in the aggregate. The Cerberus-led investment group includes K…

December
2005

Klaff Realty, together with JV partners, acquires ShopKo and Pamida for $1.1 billion in a deal led by Sun Capital Partners

Klaff Realty, together with JV partners Acadia Realty Trust (NYSE: AKR), Lubert Adler and Elliot Management invest in ShopKo and Pamida in a deal led by Sun Capital Partners Inc. ShopKo was founded in 1962 in Green Bay by James Ruben. From 1991 until 2005, the company was publicly-held with stock traded on the New York Stock Exchange…

July
2004

Target to Sell Mervyn’s Chain of Stores

in the New York Times
July
2004

Klaff Realty, together with JV partners, acquires Mervyn’s for $1.175 billion

Klaff Realty, LP, in joint venture with Cerberus Capital Management, Inc., Sun Capital Partners, Inc., Lubert Adler Funds, and Acadia Realty Trust (NYSE: AKR) entered into a definitive purchase agreement to acquire Mervyn’s from Target Corporation for $1.175 billion. Mervyn’s is a middle-market department store with 257 retail st…

January
2004

Klaff Realty, Acadia Realty Trust and Lubert-Adler form a retailer-focused investment venture

NEW YORK, NY – January 28, 2004 – Acadia Realty Trust (NYSE: AKR) today announced that it has formed a joint venture (the “Venture”) with Klaff Realty, L.P. (“Klaff”) and its long-time capital partner Lubert-Adler Management, Inc. (“Lubert-Adler”) for the purpose of making investments in surplus or underu…

June
2002

Klaff Realty, together with JV partners, awarded the designation rights to Service Merchandise

Klaff Realty, LP in a joint venture with Developers Diversified Realty (NYSE: DDR) and Lubert Adler Funds, has been awarded asset designation rights for all of the retail real estate interests of the bankrupt estate of Service Merchandise Corporation for approximately $235 million. The Service Merchandise portfolio consists of approxi…

May
2002

In the Region/New Jersey; Most Retail Vacancies Are Quickly Being Filled

in the New York Times
March
2002

Klaff Realty, together with JV partners, awarded the designation rights to 53 Kmart leases in bankruptcy court

Klaff Realty, LP, in a joint venture with Kimco Realty Corp. (NYSE:KIM) and Schottenstein Stores Corporation acquired the designation rights to 53 real estate leases by Kmart Corp. As part of its Chapter 11 bankruptcy reorganization, Kmart closed 278 stores, but still must pay on the buildings’ leases. The joint venture group …

July
1999

Company Briefs

in the New York Times
May
1997

If the Space Doesn’t Fit, Mall Owners Just Raze It

in the Chicago Tribune
June
1992

Osco to Open First Downtown Store

in the Chicago Tribune
August
1990

A Comeback for Garages

in the New York Times
January
1990

3 Streets Sold On Selling: Oak, Ogden, Wabash

in the Chicago Tribune
November
1989

2 Large Self-Park Garages on Way for Downtown

in the Chicago Sun-Times
April
1988

New Muscle from Vintage Buildings

in the Chicago Sun-Times
February
1988

Wards Sells Properties, Lease Rights

in the Chicago Tribune
May
1987

Rehab of N. Loop Building Underway

in the Chicago Tribune
January
1986

Klaff Realty Will Rehab Lytton Building

in the Chicago Sun-Times