Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. I
January 6, 2012
Home-Related Chains Expand Nationwide Factory Mattress Direct operates 17 locations throughout TX. The stores, offering mattresses, bedding and related items, occupy spaces of 4,000 sq.ft. in freestanding locations and strip centers. Plans call for five to six openings throughout the existing market during the coming 18 months. Typical leases run ten years with options. A vanilla shell is required. Preferred demographics include a population of 20,000 within five miles earning $60,000 as the average household income. The company also plans to relocate and upgrade four locations. For more information, contact Steve Frey, Factory Mattress Direct, 8409 North Lamar Boulevard, Austin, TX 78753; 512-834-6464, Fax 512-834-8952; Email: stephenaustinfrey@yahoo.com; Web site: www.factorymatresssales.com. Dunn-Edwards Paints operates 106 locations throughout AZ, CA, NM, NV and TX. The home improvement stores, offering paint and related supplies, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Lee & Associates Commercial Real Estate. Typical leases run five years. Preferred cotenants include home improvement retailers. For more information, contact Bruce Heathcote, Lee & Associates Commercial Real Estate, 111 Pacifica, Suite 310, Irvine, CA 92618; 949-727-1200, Fax 949-727-1299; Email: bheathcote@lee-associates.com.
Menard, Inc. trades as Menards at more than 250 locations throughout IA, IL, IN, MI, MN, MO, ND, NE, OH, SD, WI and WY. The home improvement stores, offering appliances, building materials and kitchen, electrical, outdoor and paint supplies, occupy spaces of 200,000 sq.ft. to 250,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months. Preferred cotenants include Target, Walmart and Meijer. Preferred demographics include a population of 100,000 within 10 miles. Major competitors include Home Depot and Lowe’s Home Improvement. The company prefers site submittals to be sent via the Web site. For more information, contact Menard, Inc., 5101 Menard Drive, Eau Claire, WI 54703; Web site: www.menardsrealestate.com. Gillroy’s Hardware operates 26 locations throughout GA and MI. The home improvement stores, offering hardware, plumbing, electrical and lawn and garden supplies, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout GA and western MI during the coming 18 months. The company will only acquire sites. For more information, contact Bob Morgan, Gillroy’s Hardware, 6429 West Pierson Road, Flushing, MI 48433; 810-659-2291, Fax 810659-5019; Web site: www.gillroys.com. (continued on page seven)
This issue contains information on:
* Retailers operating 79,981 locations with plans to open 3,378 sites * Real estate valued in excess of $125.6 million to be bought, sold & financed * Leasing activity on over 4.2 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus New Construction Centergy Retail is developing a 600,000 sq.ft. power center in El Paso, TX........................ Pg. 3 Buyers and Sellers Kin Properties is selling freestanding buildings throughout OH, OK, OR, PA, TN, TX and WI...................... Pg. 4 Food Retailers Expand Chick-fil-A seeking sites nationwide............................ Pg. 5 Openings McDonald’s Corp. opening 1,300 restaurants nationwide this year................................. Pg. 6 In the News Sabre Real Estate Group, LLC hired Stuart Fagen as managing director of its Garden City, NY office.......... Pg. 7 Sources of Financing Lighthouse Commercial Mortgage provides financing for retail, industrial, office, multifamily and hospitality properties.............................. Pg. 8 Lease Signings Konover South, LLC negotiated three leases at a 92,600 sq.ft. center in Ocala, FL................ Pg. 8 Lead Sheet Advance Auto to expand throughout several NY markets.................................. Pg. 9 Shoe Carnival seeking sites in 30 states nationwide.............. Pg. 12 Exclusives The Rotella Group, Inc. represents retailers throughout FL markets............................. Pg. 13 Space Place........................... Pg. 13
For more news go to: www.dealmakers.net Mobile Access Code: nf01062012