Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. I
January 8, 2010
Apparel Chains Expand Nationwide Pacific Sunwear of California, Inc. trades as Pacific Sunwear at 910 locations nationwide and in Puerto Rico. The stores, offering surfing and skating apparel, accessories and footwear, occupy spaces of 4,000 sq.ft. in malls and outlet centers. Expansion during the coming 18 months will take place throughout the existing areas and is very limited. Typical leases run 10 years. Preferred cotenants include Abercrombie & Fitch, Aeropostale, American Eagle and Hollister. Preferred demographics include a population of 300,000 within 10 miles earning $60,000 as the average household income. For more information, contact Linda Eddy, Pacific Sunwear of California, Inc., 3450 East Miraloma Avenue, Anaheim, CA 92806; 714-414-4204, Fax 714-414-4291; Email: leddy@pacificsunwear.com; Web site: www.pacificsunwear.com. Magawad, Inc. trades as 4M Fashions at eight locations throughout NJ and NY. The stores, offering dress and casual apparel for men and children, occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. in malls. Growth opportunities are sought throughout Atlanta, GA and Charlotte, NC during the coming 18 months. Typical leases run five years with a five-year option. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. For more information, contact Mike Atallah, Magawad, Inc., 1522 Atlantic Avenue, Atlantic City, NJ 08401; 609-347-7996, Fax 609-347-1255.
Conway Stores, Inc. trades as Conway at 46 locations throughout the East Coast and the midwestern region of the U.S. The stores, offering discounted apparel, occupy spaces of 25,000 sq.ft. in regional malls and power and strip centers. Growth opportunities are sought throughout CT; Atlanta, GA; Chicago, IL; MD and Charlotte, NC during the coming 18 months. The company prefers to locate in urban markets. Preferred cotenants include supermarkets and fashion retailers. Preferred demographics include a population of 150,000 within three miles. For more information, contact Adam Goldschmidt, Conway Stores, Inc., 39 West 37th Street, 3rd Floor, New York, NY 10018; 212967-5300 Ext. 326, Fax 212-760-2919; Email: adamg@conwaystores.com. Rainbow operates 1,000 locations nationwide and throughout Puerto Rico and the Virgin Islands. The stores, offering popular-priced apparel for juniors, plus sizes and children, occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in urban areas. Growth opportunities are sought throughout MA and RI during the coming 18 months, with representation by National Commercial Brokers, Inc. Preferred cotenants include fashion anchors, discount department stores and supermarkets. For more information, contact Brian Nadler, National Commercial Brokers, Inc., 75 Second Avenue, Suite 315, Needham, MA 02494; Email: brian@nationalcommercial.com; Web site: www.rainbowapparel.com. (continued on page six)
This issue contains information on:
* Retailers operating 20,486 locations with plans to open 1,485 sites * Real estate valued in excess of $92.403 million to be bought, sold & financed * Leasing activity on over 4.08 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring New Construction Grapevine Equity Partners is developing a 52-acre project in Grapevine, TX................... Pg. 3 US Realty Associates is preleasing a 350,000 sq.ft. center in Souderton, PA......... Pg. 3 Openings Kirkland’s will open as many as 40 stores nationwide......... Pg. 4 ABC Warehouse will occupy part of a former Circuit City in Portage, MI............................ Pg. 8 Buyers & Sellers Brauvin is selling a Walmart site in Floresville, TX at a Cap rate of 11.25%....................... Pg. 5 CB Richard Ellis is selling a portfolio of CVS properties.... Pg. 8 Lease Signings Centro Properties inks deals with Big Lots in MI and MO.... Pg. 6 Exclusives Titan Commercial represents HiFi Fitness in select markets in Chicago, IL........................ Pg. 7 In The News GVA Kidder Matthews hired Craig Petersen as a vice president............................... Pg. 7 Food Retailers Expand Ameci Pizza & Pasta plans to expand throughout the Southeast............................... Pg. 7 Lead Sheet Stage Stores looks for sites nationwide............................ Pg. 9 Trader Joe’s plans to expand nationwide............................ Pg. 12 Space Place........................... Pg. 14
For more news go to: www.dealmakers.net