Contact: Lori O. Willis,
Director of Communications
Schnuck Markets, Inc.
Ted Ingrassia, President
June 28, 2002
Remodeling to Give Rockton Centre Logli Customers a "New" Store
ROCKFORD, Ill. - Officials for Schnuck Markets, Inc. today announced a major remodeling initiative for its Rockton Centre Logli store at 3150 N. Rockton Ave.
Schnucks, the parent company of Logli Supermarkets, has entered into a new, 15-year lease agreement with Ingrassia-McGuire, Inc. of Illinois. The lease calls for a remodeling of the store, including new fixtures and equipment as well as other improvements to the shopping center. The total investment by the parties will be approximately $6 million.
Craig D. Schnuck, chairman and chief executive officer for the St. Louis-based company, said, "We made a commitment when the Logli stores were acquired to upgrade the Rockton Avenue location. While it has taken longer than expected to review all of the options, we are anxious to bring a much improved facility to the customers of Rockford."
The many planned improvements for the store include an expansion into the existing space on the west side of the building, a reconfigured storefront and vestibule and a pharmacy drive through. Upgraded storefront canopies will be developed for much of the balance of the center and parking lot lighting and paving also will be upgraded.
The project involves a partial sales tax rebate of up to $1 million from the city of Rockford. If approved, the agreement would provide Ingrassia-McGuire and Schnuck Markets the potential for the recovery of a portion of the costs for the planned improvements. The Rockford City Council is expected to begin the approval process at its next meeting. Ted Ingrassia, president of Ingrassia-McGuire, Inc., facilitated the agreement.
Schnucks Division Manager Steven Englert is hopeful that plans for such a significant community investment will demonstrate to city officials the level of support that both Schnucks and the shopping center ownership have for the project.
Englert said, "We are extremely pleased to be able to offer a remodeling plan for the Logli store on the west side. What is now a 60,000-square-foot store will be 67,000 square feet once the project is complete. With the planned upgrades, the Rockton location will become more physically comparable to other area Logli stores."
As a part of the restructuring, Schnucks will relocate its off-site Sentry Drug to a location inside the store. Logli Store Manager Paul Wallace predicts, "This is a big plus for our customers as it will add to their convenience and enhance their overall shopping experience."
Rockford Mayor Doug Scott said, "This is an important project for Rockford's northwest side. We're delighted to have Schnucks expand its Rockton Avenue Logli to serve its many customers in this area."
Rockford Alderman Bill Timm calls the project "a much-needed improvement in the 9th Ward." "The Logli store has a great number of customers on the northwest side, and I'm confident this expansion will draw other shoppers and businesses to the neighborhood," Timm added.
The Rockton Centre Logli was built in 1962. Schnucks acquired the store in 1998, along with two other Rockford area stores. Since purchasing the Logli stores in Illinois, Schnucks opened the Loves Park and Rockford Plaza stores and purchased Sentry Drug. The company recently opened a store in neighboring Janesville, Wis.
Schnuck Markets, Inc. currently operates 103 stores and 91 in-store pharmacies in Missouri, Illinois, Indiana, Wisconsin, Tennessee and Mississippi. This includes five stores that operate as Logli Supermarkets and the stand-alone Sentry drug store. A new Schnucks in Jefferson City, Mo., the state's capital, is scheduled to open in late summer. Schnuck Markets, Inc. is currently ranked 83rd on Family Business Magazine's list of 150 largest family companies.
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Editor's Note: A rendering showing the plans for the store's new look is available for your use. Please contact Lori Willis at (314) 994-4602 to have a jpeg emailed to you.