Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. I
January 9, 2009
Home-Related Chains Expand Nationwide Lemoyne Sleeper Co., Inc. trades as Lemoyne Sleeper at 12 locations throughout PA. The stores, offering mattresses and bedroom furniture, occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding locations, malls and power, specialty and strip centers. Growth opportunities are sought throughout northern MD and between Philadelphia and Pittsburgh, PA during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. Preferred cotenants include Wal*Mart, Kmart, Target and Circuit City. Preferred demographics include a population of 65,000 within five miles earning $27,000 as the average household income. For more information, contact Andy Pearlman, Lemoyne Sleeper Co., Inc., 57 South Third Street, PO Box 227, Lemoyne, PA 17043; 717-763-1630, Fax 717-763-1634; Email: info@lemoynesleeper.com; Web site: www.lemoynesleeper.com. Amazing Sleep Systems, Inc. trades as The Bed Store at eight locations throughout TN. The stores, offering mattresses and bedding, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company is franchising. For more information, contact Roger Cunningham, Amazing Sleep Systems, Inc., 7511 Chapman Highway, Knoxville, TN 37920; 865-609-7963, Fax 865-577-1503.
Hank’s Furniture, Inc. trades as Hank’s Fine Furniture at 17 locations throughout AL, AR, FL, MO and TX. The stores, offering sofas, bedroom and dining room furniture, entertainment and home office accessories, in addition to children’s furniture and home accents, occupy spaces of 30,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 50,000 within three miles earning $28,000 as the average household income. A land area of two acres is required. For more information, contact Steve Roberts, Hank’s Furniture, Inc., 5708 Warden Road, Sherwood, AR 72120; 501-565-3561, Fax 501565-0236; Web site: www.hanksfurniture.com. Butler Carpet Co. trades as Bob’s Carpet Mart at 10 locations throughout FL. The stores, offering carpet and area rugs as well as hardwood, vinyl, laminate and tile floorings, occupy spaces of 5,000 sq.ft. to 17,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market and within a 50 to 60 mile radius of Clearwater during the coming 18 months. Typical leases run five years with a five-year option. For more information, contact Bert Butler, Butler Carpet Co., 10815 U.S. Highway 19 North, Clearwater, FL 33764; 727571-9998, Fax 727-571-3727; Web site: www.bobscarpet.com. (continued on page seven)
This issue contains information on:
* Retailers operating 27,268 locations with plans to open 1,558 sites * Real estate valued in excess of $53.38 million to be bought, sold & financed * Leasing activity on over 5.194 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring New Construction Richard Development is preleasing two centers located in Houma, LA........................ Pg. 3 Metroscape Real Estate is preleasing a center in Lynwood, CA........................ Pg. 3 Openings Boloco is slated to open restaurants throughout New England this year................... Pg. 4 Verizon Wireless will occupy a former Hardee’s in Fairview Heights, IL............................. Pg. 4 Buyers & Sellers Mid-America Real Estate Corp. looks to acquire development sites throughout the Chicago, IL metropolitan area............... Pg. 5 Lease Signings LaKritz-Weber & Co. negotiated a lease with Edward Jones in Canton, MI............................. Pg. 6 In The News The Cafaro Co. hired Robert P. McGovern as senior leasing representative........................ Pg. 8 Food Retailers Expand Mel’s Drive-In looks for locations throughout southern and San Francisco, CA and Las Vegas, NV....................... Pg. 8 Lead Sheet Wag-A-Bag looks to open convenience stores throughout TX....................... Pg. 9 H.H. Gregg plans to open locations throughout FL and NC.................................. Pg. 10 Space Place........................... Pg. 13
For more news go to: www.dealmakers.net
Aimee Montanaro, VP Marketing and Sales 735 Post Road East | Westport, CT 06880 Phone: (203) 222-6200 ext. 14 amontanaro@mjbcorp.com | www.mjbcorp.com
99 New Cannan Avenue | Norwalk, Connecticut
487 Bridgeport Ave | Milford, Connecticut
1,050 SF +/(in-line space) between State Farm Insurance and Dunkin’ Donuts 2,500 SF +/- (End-cap)
Features • Area Retailers include: Rite Aid, Fairfield County Bank, New Alliance Bank, Wendy’s, Mobil and Shell. • Co-Tenants include: Dunkin’ Donuts, Subway and King Car Audio and State Farm Insurance. • Highly visible retail opportunity on Norwalk’s Route 123. • Convenient access to all major highways (Merritt Parkway, Route 7 and I-95). • Average daily traffic is estimated at 22,000.
Features
Tower Plaza | 454-486 Bridgeport Ave | Milford, Connecticut
1533-1535 Dixwell Ave | Hamden, Connecticut
• Area Retailers include: K-Mart, McDonald’s, Walgreen’s, Ocean State Job Lot, Taco Bell, Pizza Hut, Dollar Tree, Fashion Bug, Radio Shack and many others. • Fantastic retail opportunity on main retail thoroughfare. • Tremendous visibility with premier tenant signage. • Average daily traffic is estimated at 22,000. • Located adjacent to I-95, exit 34 with a traffic light at entrance to the plaza.
1,000 SF to 7,000 SF +/In-Line Space | 1,180 SF to 12,000 SF +/-
For lease or sale
Retail Pad Site With Drive-Thru 3,000 SF +/- existing
Features
Features
• Area Retailers include: K-Mart, McDonald’s, Walgreen’s, Ocean State Job Lot, Taco Bell, Pizza Hut, Dollar Tree, Fashion Bug, Radio Shack and many others. • Free-standing retail building on main retail thoroughfare. • Tremendous visibility with premier tenant signage. • Average daily traffic is estimated at 22,000. • Located adjacent to I-95, exit 34 with a traffic light at entrance to the plaza.
• Area Retailers include: Soutport Brewing Company, Home Depot, Price Rite, Dunkin’ Donuts, Napa Auto Parts and many others. • Ideal restaurant location or owner/user. • Solid brick construction with designated parking. • Average daily traffic is estimated at 31,800 (Source: CT DOT, 2004). • Located seconds from the Wilbur Cross Parkway (Route 15). • Current tenants include sports bar, grocery market and hair salon.
67 W. Main St | Clinton, Connecticut
EXCLUSIVE OFFERING FOR LEASE 63-67 WEST MAIN STREET, CLINTON, CT LAND AVAILABLE: 1.67 ACRES UNDEVELOPED LAND FEATURES: Located on US-Route 1/ W. Main St off exit 63 from I-95 in close proximity to Clinton Crossings, and ½ mile west of Clinton Town Hall with over 150’ of frontage on West Main Street, as well as rear property exit from Lumber Yard Road. AREA RETAILERS: Friendly’s, McDonald’s, Dunkin’ Donuts, Clinton Crossing
New Construction Cullinan Properties, Ltd. is preleasing Streets of St. Charles, a mixed-use development being constructed in phases on 26 acres at the intersection of South Fifth Street and Main Street in St. Charles, MO. The project features conference and hospitality components along with a 250,000 sq.ft. retail component, a 750unit residential component and a 250,000 sq.ft. office component. The first phase of the center is slated to open during 2010. For more information, contact Robert F. Wetherald, Cullinan Properties, Ltd.; 630286-0142; Email: robw@cullprop.com; Web site: www.cullinanproperties.com.
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................ Nicholas Hamner nicks@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Advertising Exec...................... Monica Carpenter monica@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder................................................... Ted Kraus 1979–2007
The Dealmakers TM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2008 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
The Wilder Cos. is preleasing Gloucester Crossing, a 200,000 sq.ft. mixed-use power center located at the intersection of Route 128 and Blackburn Circle in Gloucester, MA. Market Basket, Staples and Marshalls anchor the center. The center is slated to open this year. For more information, contact Alison Galgay, The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-247-9200, Fax 617-247-4044; Email: agalgay@wilderco.com; Web site: www.wilderco.com. Richard Development is preleasing a 21,000 sq.ft. strip center located on Martin Luther King Boulevard in Houma, LA. The average daily traffic count is 32,000 vehicles. The company is also preleasing a 14,000 sq.ft. strip center located along South Hollywood Road in Houma, LA. A 2,400 sq.ft. space is available. The average daily traffic count is 19,000 vehicles. For more information, contact Henry J. Richard, Richard Development, 235 South Hollywood Road, Houma, LA 70360; 985223-6012 Ext. 227, Fax 985-872-9160; Email: henry@richarddevelopment.com; Web site: www.richarddevelopment.com. Besen Retail, LLC is preleasing Moda, a 60,000 sq.ft. mixed-use center located at the intersection of 89th Avenue and Parsons Boulevard in Jamaica, NY. Area retail includes Home Depot, Old Navy and Walgreens. Area demographics include a population of 1.582 million within a five-mile radius earning an average household income of $55,585. The center is slated to open during the first quarter of 2010. For more information, contact Matthew R. Mager, Besen Retail, LLC, 381 Park Avenue South, New York, NY 10016; 212-213-6480, Fax 646-472-8754; Email: mmager@besenretail.com; Web site: www.besenretail.com. Michael Collard Properties, Inc. is preleasing Saxon Crossings, a 69,590 sq.ft. power center located at the intersection of Saxon Boulevard and Enterprise Road in Orange City, FL. Target, LA Fitness and Lowe’s Home Improvement anchor the center. Area retail includes Publix, Wal*Mart, Kmart and Beall’s. The asking rent is $25 psf with CAM of $5.50 psf. The center is slated to open later this month. For more information, contact Drew Forness, Michael Collard Properties, Inc., 1071 West Morse Boulevard, Suite 200, Winter Park, FL 32789; 407599-4444, Fax 407-599-4445; Email: dforness@collardproperties.com; Web site: www.collardproperties.com. www.dealmakers.net
The
Maloof Commercial Investment Co., LLC is preleasing Interchange Commerce Center, a 10,075 sq.ft. strip center situated on 1.34 acres at the intersection of Plainfield Avenue and Fuller Avenue in Grand Rapids, MI. Spaces from 1,400 sq.ft. to 10,000 sq.ft. are available. Area demographics include a population of 130,000 within a five-mile radius earning an average household income of $56,000. The average daily traffic count is 27,638 vehicles. The asking rent ranges from $10 psf to $20 psf with CAM of $4 psf. For more information, contact Nicholas G. Maloof, Maloof Commercial Investment Co., LLC, 6001 North Adams Road, Suite 203, Bloomfield Hills, MI 48304; 248-2039349 Ext. 104, Fax 248-203-9372; Email: maloofcommercial@comcast.net. Metroscape Real Estate, Inc. is preleasing Oakwood Plaza, a 14,600 sq.ft. strip center located at the intersection of Norton Avenue and Long Beach Boulevard in Lynwood, CA. Spaces of 1,028 sq.ft.; 1,208 sq.ft.; 1,225 sq.ft.; 1,327 sq.ft.; 1,352 sq.ft. and 1,460 sq.ft. are available. Area retail includes Plaza Mexico and Pluma Shopping Center. Area demographics include a population of 404,989 within a threemile radius earning an average household income of $51,044. The average daily traffic count is 53,000 vehicles. The asking monthly rent is $3.50 psf with CAM of $0.50 psf. For more information, contact Armando Aguirre, Metroscape Real Estate, Inc., 6063 East 8th Street, Suite 301, Los Angeles, CA 90014; 213327-0666, Fax 213-327-0608; Email: aaguirre@metroscapere.com. FIRC Group is preleasing Shops at Three Lakes, a 36,750 sq.ft. strip center located at the intersection of Southwest 136th Street and 132nd Avenue in Miami, FL. Spaces of 1,000 sq.ft.; 4,800 sq.ft. and 5,697 sq.ft. are available. Area retail includes Publix, Costco, Ross Dress for Less, T.J. Maxx, HomeGoods, Winn-Dixie and CVS. Area demographics include a population of 400,636 within a five-mile radius earning an average household income of $70,858. The asking rent is $30 psf with CAM of $4 psf, insurance of $2 psf and taxes of $2 psf. The center is slated to open during March. For more information, contact Connie Hull, FIRC Group, 2665 South Bayshore Drive, Suite 302, Coconut Grove, FL 33133; 305-860-2300 Ext. 233, Fax 305-860-2900; Email: chull@fircgroup.com; Web site: www.fircgroup.com. DM
Dealmakers
January 9, 2009
page 3
Who’s Opening and Where Legal Sea Foods, Inc. (617-530-9000) will open a Legal Sea Food location in Legacy Place in Dedham, MA this year. The company will also open a 20,000 sq.ft. location at the former site of Jimmy’s Harborside in Boston, MA. The company is also expanding its LTK – Legal Test Kitchen concept in urban trade areas nationwide.
Mango (866-666-4664) will open 150 stores internationally this year and plans to open locations throughout the Boston, MA and New York, NY trade areas. The company currently operates 1,213 ladies apparel stores internationally including 20 throughout the U.S. The company recently opened a flagship store along Broadway in Manhattan, NY.
Boloco (617-266-2200) is slated to open three locations in MA, two locations in NH and one in RI this year. The Mexican fast-food restaurants, formerly known as The Wrap, offer burritos and other dishes comprised of fresh ingredients and inspired by dishes from around the world.
Shoppers Drug Mart Corp. (416-493-1220) is slated to open five Murale locations throughout Canada this year. The company recently opened a flagship location at Galerie Place Ville Marie in Montreal, Quebec. The beauty concept stores offer brand-name cosmetics including Sensation Choc, Smiley Fragrances, Skin by Monica, Bobbi Brown, Mommy Makeup and Bare Escentuals, as well as skin care products.
Staples, Inc. (508-253-5000) plans to open 75 locations throughout the U.S. and Canada this year, down from last year’s openings of 107. The company currently operates 2,000 office supply stores internationally, including 1,832 units throughout North America. Verizon Communications, Inc. (212-3951000) is slated to open a location in a former EXP_AD_5023_dealmaker1208.qxd:Layout Hardee’s site located on North Illinois Street in Fairview Heights, IL.
Fireman Hospitality Group (212-3991325) will open a Redeye Grill restaurant and a Bond 45 restaurant at Maryland’s National Harbor, a mixed-use project situated on 350 acres along the Potomac River in Washington D.C. The restaurants will offer American bistro cuisine, and the 1 12/10/08 9:32 AM Page 1 openings will be the company’s first outside of the New York, NY area.
Ikea U.S., Inc. (610-834-0180) is slated to open a 356,000 sq.ft. IKEA location on 25 acres at the intersection of Interstate 85 and City Boulevard in Charlotte, NC next month. The company will also open a location in Tampa, FL during the summer. The home furnishing stores offer exclusively-designed items, room settings and model home interiors, along with a restaurant. The company currently operates 280 stores internationally including 35 throughout the U.S. Club Fitness (636-928-0968) is slated to open a location in the second phase of Wood River Commons, a center located at the intersection of IL 143 and Edwardsville Road in Wood River, IL. The tenant will join Walgreens and McDonald’s. Aldi, Inc. (630-879-8100) plans to open 25 Aldi locations throughout the Dallas-Ft. Worth, TX area by the spring of 2010, including two stores in Dallas, two in Garland, and one each in Pantego, Plano, Richardson and Rowlett. The company currently operates 1,000 grocery stores nationwide throughout 29 states. (continued on page six)
Choosing the Right Site is Crucial to Your Success Avoid Investing in Locations That Won’t Meet Your Revenue Expectations. It is imperative in today’s economy that you are right about your site location decisions. One bad site choice can cost you millions in lost revenue. Nielsen Claritas provides accurate answers to the following questions: • Where should I open new sites? • Which unproductive sites should I close? • Where are my best opportunities for expansion? With accurate demographics, robust technology and the largest partner network in the industry, our state-of-the-art solutions transform site location strategies into actionable plans for success.
page 4
January 9, 2009
The
Dealmakers
www.dealmakers.net
Save 20% on your first report order! Visit www.claritas.com/dealmakers for details or call (877) 707-2385. Restrictions apply.
Claritas Market and Site Analysis © 2009 The Nielsen Company. All rights reserved.
Buyers and Sellers Like Kind Realty, on behalf of a client, is looking to acquire outlet, power and strip centers and malls throughout NJ. Suitable properties have GLAs between 5,000 sq.ft. and 500,000 sq.ft. and are priced between $5 million and $50 million. For more information, contact Brian Murphy, Like Kind Realty, 55 Route 35, Red Bank, NJ 07701; 732-450-1031, Fax 732-4501039; Email: likekindrealty@yahoo.com. Neal Realty & Investments is selling a 3,427 sq.ft. freestanding building located along West Oakland Park Boulevard in Sunrise, FL. The average daily traffic count is 72,000 vehicles. The asking price is $750,000. For more information, contact Timothy Neal, Neal Realty & Investments, 3300 North Federal Highway, Suite 250, Fort Lauderdale, FL 33306; 954-568-0530; Email: tim@nealrealty.net; Web site: www.nealrealty.net. Anthony & Co. is selling Summit Mall, a 700,000 sq.ft. mall situated on 62.4 acres in Wheatfield, NY. Area draws include Niagara Falls International Airport and the proposed The Magical Land of Oz theme park. The mall is 35% occupied and features several potential outlots. For more information, contact Don Traflet, Anthony & Co., 702 Oberlin Road, Suite 400, Raleigh, NC 27605; 919-582-3121, Fax 919-834-4488; Email: dtraflet@aacre.com. Mid-America Real Estate Corp. is looking to acquire retail development sites throughout the Chicago, IL central business district and its West Loop, River North, Wicker Park and Bucktown neighborhoods. Suitable properties feature GLAs between 80,000 sq.ft. and 200,000 sq.ft., ground-floor retail space and a close proximity to public transportation. For more information, contact Matt Gould or Steve Korey, Mid-America Real Estate Corp., One Parkview Plaza, Ninth Floor, Oakbrook Terrace, IL 60181; 630954-7513/6941, Fax 630-954-7304; Emails: mgould@midamericagrp.com and skorey@midamericagrp.com; Web site: www.midamericagrp.com. Madison Partners is selling West Point Shopping Center, a 170,990 sq.ft. center situated on 15.53 acres along West 5400 South in Taylorsville, UT. For more information, contact Ron Jacobson, Madison Partners, 12121 Wilshire Boulevard, Suite 959, Los Angeles, CA 90025; 310-442-3386; Email: rjacobson@madisonpartners.net; Web site: www.madisonpartners.net.
Marcus & Millichap Real Estate Investment Services negotiated the $15.6 million sale of a 12.42-acre parcel located along Greenback Lane in Citrus Heights, CA. The property is currently occupied by a 129,346 sq.ft. Sam’s Club that serves as the anchor to Regency Plaza. First Acorn, LLC acquired the property from Trestle Regency, LLC. The company’s San Francisco, CA office represented the seller and the company’s Chicago, IL and Oak Brook, IL offices represented the buyer in this transaction. The company also negotiated the $20 million sale of Towne Park Plaza, a 201,906 sq.ft. center situated on 15.1 acres along Eubank Boulevard in Albuquerque, NM. Towne Park Plaza, LLC acquired the center from Towne Park Plaza, LP. The company’s National Retail Group represented the seller and the company’s Santa Fe, NM office represented the buyer. For more information, contact Marcus & Millichap Real Estate Investment Services, 750 Battery Street, Fifth Floor, San Francisco, CA 94111; 415-963-3000, Fax 415-9633010. Or, 333 West Wacker Drive, Suite 200, Chicago, IL 60606; 312-327-5400, Fax 312-327-5410. Or, 551 West Cordova Road, Suite 462, Santa Fe, NM 87505; 505-4667027, Fax 505-466-7028. The Royston Group is selling a Chipotle site located in Pueblo, CO. The tenant is bound to a 20-year NNN ground lease with scheduled rent escalations. The asking price is $968,100 with a Cap rate of 6.25%. For more information, contact Rob Sutton, The Royston Group; 310-451-2100; Email: rsutton@theroystongroup.com. Zelnik Realty, Ltd. is selling 20 Advance Auto Parts locations throughout FL, MI, OH and PA. The tenants are bound to 15year leases with three, five-year options, most begun during the past year. The properties are available individually with asking prices ranging from $1.339 million to $2.476 million at Cap rates ranging from 7.1% to 7.75%. For more information, contact Matt Yunker, Zelnik Realty, Ltd.; 440-344-6038; Email: mattyunker@gmail.com. GAIA Real Estate Investments is selling Fazoli’s locations in Vincennes, IN and Grand Island, NE. The asking price for each property is $476,410. The company is also selling an Old Chicago location in Green Bay, WI. The asking price is $2.102 million. For more information, contact Erika Carlson, GAIA Real Estate Investments; 858-488-0591, Fax 866-229-0490; Email: erika@gaiarealestateinvestments.com; Web site: www.gaiarealestateinvestments.com. www.dealmakers.net
The
NAI BT Commercial Leased Investment Group is selling Starbucks Retail Center, a three-tenant center located along CA Highway 4 in Oakley, CA. Starbucks and Round Table anchor the center. Area retail includes Raley’s, Taco Bell, FedEx Office, Bank West and 7-Eleven. The asking price is $3.894 million with a Cap rate of 7%. For more information, contact Michael Maffia, NAI BT Commercial Leased Investment Group, 201 California Street, Suite 800, San Francisco, CA 94111; 415677-0478; Email: mmaffia@naibt.com. ArciTerra Group, LLC is selling a 1.33-acre parcel located at the intersection of Highway 19 and Tarpon Avenue in Tarpon Springs, FL. The site is currently occupied by a 13,013 sq.ft. CVS under a 25-year NNN ground lease with 24 years remaining on the original lease term and featuring six, five-year options and a 5% rent escalation at each option. The average daily traffic count is 90,000 vehicles. The asking price is $5 million with a Cap rate of 6.25%. For more information, contact Ryan D. O’Connell, ArciTerra Group, LLC, 2720 East Camelback Road, Suite 220, Phoenix, AZ 85016; 602424-3419, Fax 602-956-4494; Email: ryan.oconnell@arciterra.com; Web site: www.arciterra.com. The Krauss Organization is looking to acquire Class A and B shopping centers located throughout FL, GA, IL, KY NC, NY, OH, SC, TN, TX and VA. Suitable properties feature a tenant mix of regional and national tenants, area demographics within one mile including an average household income above $65,000 and are priced between $2.5 million and $10 million with a Cap rate above 8%. For more information, contact Steve Olson, The Krauss Organization; 813885-5656, Fax 813-281-2356; Email: solson@thekraussorg.com. Net Leased Investment Co. is selling a oneacre parcel located at the intersection of Kathleen Road and Griffin Road in Lakeland, FL. The site is currently occupied by Pix under a 20-year NNN ground lease featuring 5% rent escalations every 10 years. The asking price is $1.25 million at a Cap rate of 6.5%. For more information, contact Bob Fraser or Scott Austin, Net Leased Investment Co., 257 Plaza Drive, Unit D, Oviedo, FL 32765; 407-977-2448, Fax 407-977-0775; Email: D M bobfraser@netleased.com.
Dealmakers
January 9, 2009
page 5
Who’s Opening and Where
Lease Signings Neal Realty & Investments, Inc. negotiated a three-year lease with Florida Furniture Manufacturing for 1,862 sq.ft. and a fiveyear lease with Fashion Fair for 8,967 sq.ft. at Stirling Design Center, a 20,000 sq.ft. center located along Stirling Road in Dania Beach, FL. The company represented Stirling Design Center, LLC in the transactions. The company also negotiated a five-year lease with an Italian restaurant venture for 2,012 sq.ft. at Shoppes of Cooper City, a 34,897 sq.ft. center located along Sheridan Road in Cooper City, FL. ReMax Professional Real Estate represented the tenant and the company represented the landlord, Shoppes of Cooper City, Ltd. For more information, contact Tim Neal, Neal Realty & Investments, Inc.; 954-568-0530, Fax 954-568-2134; Email: tim@nealrealty.net; Web site: www.nealrealty.net. LaKritz-Weber & Co. negotiated a lease with Edward Jones for space at Canton Center Plaza, located along South Canton Center Road in Canton, MI. The company represented the landlord, Canton Development, LLC, in this transaction. For more information, contact LaKritzWeber & Co., 29100 Northwestern Highway, Suite 240, Southfield, MI 48034; 248-3539494; Email: ncoschino@lakritzweber.com. The Rotella Group, Inc. negotiated the following leases with Play N Trade throughout southern FL: at Biscayne Commons Shopping Center, Hammocks Town Center, Kendallgate Shopping Center and Sedano’s Plaza, located in Dade County, FL; at Flamingo Falls, Marketplace Shoppes and Union Planters Shopping Center, located in Broward County, FL; at The Reserve Shopping Center and Riverbridge Shopping Center, located in Palm Beach County, FL, and Pineapple Commons, located in Martin County, FL. For more information, contact The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Fort Lauderdale, FL 33306 Preferred Development leased a 2,500 sq.ft. space located along Lake Street in Oak Park, IL to Five Guys Famous Burgers & Fries. For more information, contact Preferred Development, 141 West Jackson, 35th Floor, Chicago, IL 60604; 312-3272700, Fax 312-987-1101; Web site: D M www.preferreddevelopment.com.
Submit your projects for free at www.dealmakers.net/FreePublicity.aspx
page 6
January 9, 2009
The
(continued from page four)
Focus Brands, Inc. (404-257-7040) is slated to open 100 Moe’s Southwest Grill locations during 2009. The company recently entered the Manhattan, NY market. The company is also developing a green concept location in Burlington, VT. Anna Hu (212-759-3000) will open a location in Plaza Retail Collection, a mall located beneath the Plaza Hotel on Fifth Avenue in New York, NY. The jewelry boutique will join Peter Lik Gallery, Caudalie Spa, Qiviuk Boutique and Maurice Fine Jewelry. Lowe’s Cos., Inc. (704-758-1000) is slated to open a 103,000 sq.ft. Lowe’s Home Improvement location with a 31,000 sq.ft. garden center at Citadel Crossing, a shopping center located in Colorado Springs, CO, during February 2010. The company plans to open 75 to 85 new locations nationwide during 2009. The home improvement store will join Hobby Town and Picture Show at the center. The opening will be the company’s third in the city. The company recently opened locations in San Jose, CA; Avon, OH; Ruckersville, VA and Silverdale, WA. The company will also open two additional locations in San Jose, CA before the end of 2010. Nordstrom, Inc. (206-628-2111) will open a 135,000 sq.ft. Nordstrom location at Northshore Mall, a 1.7-million sq.ft. center located in Peabody, MA, this spring. The department store will join P.F. Chang’s, The Cheesecake Factory, H&M, Zara, Lush Cosmetics, The Walking Co., Swarovski Boutique, Sephora, White House|Black Market, Macy’s, Sears, JCPenney and Metropark. Women’s apparel chain Forever 21 will also open a location in the mall during the spring. The Kroger Co. (513-762-4000) is slated to open a 125,000 sq.ft. Kroger Marketplace location at Brazos Town Center, a mixeduse center situated on 550 acres at the intersection of U.S. Route 59 and FM 726/ Reading Road in Rosenberg, TX, during the fourth quarter of 2009. The concept store, featuring an expanded general merchandise section, including a full-service grocery store, a bed and bath section, home office products, electronics, furniture and outdoor living items, as well as Kitchen Place, a section devoted to gourmet kitchen utensils, plates, linens, grills and pottery. The concept is twice the size of the company’s traditional grocery stores, and will be the company’s second in the state.
Dealmakers
www.dealmakers.net
Rita Restaurant Corp., (706-343-2410), through franchisees, will open Don Pablo’s Restaurant locations throughout Orlando, FL; IN; Baltimore, MD; MI; Cincinnati, OH; Philadelphia and Pittsburgh, PA; Dallas, TX and Washington D.C. as part of a plan to operate 30 franchised locations by 2012. The company, through its subsidiaries, currently operates 40 Don Pablo’s Restaurants nationwide throughout 15 states. CVS Caremark (877-265-7325) is slated to open a 12,000 sq.ft. CVS location at the intersection of 71st Street and Yale Avenue in Tulsa, OK during the spring. The company currently operates 34 pharmacies throughout OK, and the opening will be the company’s first in Tulsa. Sephora USA, Inc. (415-284-3300) is slated to open a 13,000 sq.ft. flagship Sephora location at the Ernst & Young Building located at the intersection of Times Square and West 42nd Street in New York, NY. The opening will be the beauty supply chain’s second in the city. AHC/Zero’s Subs, Inc. (757-486-8338) will open four Zero’s Subs locations throughout CA during the first quarter, including restaurants in Anaheim and Montebello, along with five additional franchise locations along the West Coast, including restaurants in Hollywood, Koreatown, Pasadena/Glendale, Vermont/Silverlake and West Los Angeles, CA. The company recently opened locations in Coronado Island and Olancha, CA. The restaurants offer made-to-order, oven-baked subs, pizzas and wings. The company, Zero’s Subs franchisee for the West Coast and FL, currently operates 45 locations nationwide throughout five states, as well as in China and New Zealand. The Human Bean (541-608-0564), through franchisees, is slated to open 168 locations nationwide. The company recently opened coffee drive-thru stores in Mesa, AZ; Coeur d’Alene, ID and Las Vegas, NV. The company currently operates 52 locations throughout AZ, CA, CO, ID, OR, NC and NV. Louis Vuitton North America, Inc. (212931-2000) will open a location in El Paseo Village, a 70,000 sq.ft. mixed-use expansion of The Gardens on El Paseo currently under construction and located on El Paseo in Palm Desert, CA. Other retailers opening locations in the center include Kate Spade (212-7396550), Juicy Couture (818-767-0849), Bebe (415-715-3900) and Mastro’s Steakhouse D M (818-598-5656).
Home-Related Chains Expand Nationwide (continued from page one)
Blinds to Go, Inc. trades as Blinds to Go at 120 locations throughout CT, DE, FL, MA, MD, MI, NJ, NY, PA and VA in addition to Ontario and Quebec, Canada. The stores, offering a selection of custom-made blinds and shades, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout Boston, MA during the coming 18 months. Typical leases run 10 years with three, fiveyear options. A turnkey is preferred. Preferred cotenants include Home Depot, Lowes Home Improvement and regional malls. The company also operates under the trade name Le Marche du Store throughout Quebec, Canada. For more information, contact Yves Pardo, Blinds to Go, Inc., 3510 St. Joseph Boulevard East, Montreal, Quebec, Canada H1X 1W6; 514-256-5050, Fax 514-259-9992; Email: ypardo@blindstogo.com; Web site: www.blindstogo.com. Ashley Furniture Industries, Inc. trades as Ashley Furniture Home at 200 locations nationwide. The home furnishings stores, offering living room, bedroom, dining room and office furniture, in addition to home accents including lamps, rugs, bars and accessories,
occupy spaces of 30,000 sq.ft. to 40,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout NJ and PA during the coming 18 months, with representation by Legend Properties, Inc. The company prefers to locate in regional trade areas with big box retailers as cotenants. For more information, contact James DePetris, Legend Properties, Inc., 1001 East Hector Street, Suite 120, Conshohocken, PA 19428; 610-941-4034, Fax 610-9414038; Email: jdepetris@lpre.com; Web site: www.ashleyfurniture.com. Bellini Juvenile Designer Furniture operates at 60 locations nationwide. The stores, offering upscale furniture and accessories for children, occupy spaces of 3,500 sq.ft. to 5,500 sq.ft. in lifestyle, specialty and strip centers. Growth opportunities are sought throughout major metro markets nationwide during the coming 18 months, with representation by Sommers Consultants. Typical leases run 10 years. A vanilla shell is required. The company is franchising. For more information, contact Ron Sommers, Sommers Consultants, 301 North Main Street, New City, NY 10956; 845-6384111, Fax 845-638-3878.
www.dealmakers.net
The
Darroch, Inc. trades as Dockside Imports at 10 locations throughout FL. The stores, offering furniture and home dĂŠcor items, occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in malls and lifestyle, outlet, power, specialty, strip and value centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in upscale markets with high foot and traffic counts. For more information, contact Mark Sokolowski, Darroch, Inc., 11883 High Tech Avenue, Orlando, FL 32817; 407380-0444, Fax 407-380-3885; Email: marks@docksideimports.com; Web site: www.docksideimports.com. Furniture Outlets USA operates under various trade names at 28 locations throughout IA, MN, ND and SD. The home furnishings stores occupy spaces of 35,000 sq.ft. to 160,000 sq.ft. in freestanding locations and outlet and strip centers. Growth opportunities are sought throughout MN, ND and SD during the coming 18 months. Typical leases run five or 10 years with options. The company prefers to acquire sites. For more information, contact Bill Hinks, Furniture Outlets USA, 140 East Hinks Lane, Sioux Falls, SD 57104; 605-336-5000, Fax 605-336-5006. DM
Dealmakers
January 9, 2009
page 7
Real Estate Professionals Making the News Johnson Capital (949-660-1999) hired Jerry Kendall as a director in the company’s Denver, CO office and Bob Williams as senior vice president in the company’s New York, NY office. Kendall will serve as a full-service capital advisor for borrower client’s, as well as the company’s, lender capital sources. Prior to joining the company, he served as vice president at Countrywide Bank, working in that company’s commercial lending group for the Rocky Mountain region. Williams will advise commercial real estate owners, developers and investors on placing debt and equity financing. Prior to joining the company, he served as senior vice president and east region manager of origination for the Royal Bank of Canada. The Cafaro Co. (330-747-2661) hired Robert P. McGovern as senior leasing representative. Prior to joining the company, McGovern served as assistant vice president of leasing at DeBartolo Corp., which was acquired by Simon Property Group in 1996. The company is a shopping center development firm that owns and oversees 30 million sq.ft. of commercial real estate throughout 11 states. Blue Ridge Capital, (404-364-9094) hired Joanne Korzi as controller, Amanda Watford as director of property management, and Rolando Rubi as leasing representative. Prior to joining the company, Korzi was employed by Jones Lang LaSalle in Atlanta, GA; Watford was employed by Broadstreet Advisors in New York, NY and Rubi managed 500 rental roperties for a FL realtor specializing in beach rentals. The company specializes in the acquisition, leasing and redevelopment of value-added and high yield centers throughout the southeastern U.S. Mid-America Real Estate – Wisconsin, LLC (414-273-4600) hired Erik Waisanen as a broker associate for the company’s property representation team. The company is a full-service retail real estate organization, specializing in tenant representation, investment sales and development advisory services. KPMG Corporate Finance, LLC (888-9575764) hired Frank J. Diliberto as managing director, real estate services and head of the company’s real estate auction platform. Diliberto will be responsible for expanding the company’s national real estate services team and related services, and will advise D clients on real estate transactions. M
Visit us online at
www.dealmakers.net page 8
January 9, 2009
The
Food Retailers Expand Nationwide Bertucci’s Corp. trades as Bertucci’s and Vinny T’s at 100 locations throughout CT, DE, MA, MD, NH, NJ, NY, RI, PA, VA and Washington, DC. The restaurants occupy spaces of 6,000 sq.ft. to 7,000 sq.ft. in endcaps of strip centers, freestanding locations and pad/conversion sites. Plans call for 10 openings throughout the existing markets and VT during the coming 18 months. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. The company prefers to locate in areas with strong visibility and daily traffic counts of 30,000 vehicles. For more information, contact James Quackenbush, Bertucci’s Corp., 155 Otis Street, North Borough, MA 01754; 508351-2500, Fax 508-393-8046; Email: jquackenbush@bertuccis.com; Web site: www.bertuccis.com. American Dairy Queen trades as Dairy Queen, DQ Grill & Chill and Orange Julius at 5,893 locations nationwide and internationally. The dessert shops/restaurants, offering burgers, ice cream, smoothies and fries, occupy spaces of 2,600 sq.ft. to 3,600 sq.ft. in freestanding locations. Plans call for 50 openings nationwide during the coming 18 months. Typical leases run 30 years. Preferred cotenants include Target and Wal*Mart. Preferred demographics include a population of 30,000 within three miles earning $35,000 as the minimum household income. Major competitors include Burger King, Culvers, McDonald’s, Steak & Shake and Wendy’s. A land area of 34,000 sq.ft. is required. For more information, contact American Dairy Queen, PO Box 390286, Minneapolis, MN 55439-0286; 952-896-8604, Fax 952830-0450; Email: realestate@idq.com; Web site: www.dq.com. Yoshinoya America, Inc. trades as Yoshinoya Restaurant at 85 locations throughout AZ, CA, NV and NY. The Japanese quick-service restaurants occupy spaces of 1,800 sq.ft. to 2,000 sq.ft. in endcaps, freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout AZ, CA and NV during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 20,000 within one mile earning $25,000 as the average household income. For more information, contact Vei Tseng or Rick Morgan, Yoshinoya America, Inc., 991 West Knox Street, Torrance, CA 90502; 310-527-6060; Email: rmorgan@yoshinoyausa.com.
Dealmakers
www.dealmakers.net
Wendy’s International, Inc. trades as Wendy’s at 6,500 locations nationwide and internationally. The fast food restaurants occupy spaces of 2,800 sq.ft. to 3,300 sq.ft. in freestanding locations, lifestyle, power and strip centers, in addition to urban/ downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 15 years with 15-year options. Preferred demographics include a population of 20,000 within two miles. A land area of one acre is required for freestanding locations. For more information, contact Kris Kaffenbarger, Wendy’s International, Inc., One Dave Thomas Boulevard, Dublin, OH 43017; 614-764-3100, Fax 614-764-6737. Del Taco operates 500 locations throughout AZ, CA, CO, ID, IL, IN, MI, MO, MT, NM, NV, OH, OR, TN, UT, WA and WI. The Mexican fast food restaurants occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in endcaps of power and strip centers, freestanding locations and urban/downtown areas. Growth opportunities are sought throughout Los Angeles County in CA during the coming 18 months, with representation by May Realty Advisors. The company prefers to locate in freestanding and endcap locations with a drive-thru, while urban/downtown locations do not require a drive-thru. For more information, contact Matthew May, May Realty Advisors, 15206 Ventura Boulevard, Suite 302, Sherman Oaks, CA 91403; 818-322-4646, Fax 818-905-7559; Email: matthew@mayrealtyadvisors.com; Web site: www.mayrealtyadvisors.com. Mel’s Drive-In operates nine locations throughout CA. The restaurants occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout southern and San Francisco, CA and Las Vegas, NV during the coming 18 months. For more information, contact Steven Weiss, Mel’s Drive-In, 8585 Sunset Boulevard, Hollywood, CA 90069; 310413-9009, Fax 310-919-3065; Web site: www.melsdrive-in.com. Wal-Bon of Ohio, Inc. trades as McHappy’s Donuts at five locations throughout OH and WV. The donut shops occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact William Waldeck, Wal-Bon of Ohio, Inc., PO Box 508, Belpre, OH 45714; 740-423-6351, Fax 740-423-6700. DM
Lead Sheet Goddard Systems, Inc. dba Goddard School Rob Skibjak 1016 West 9th Avenue King of Prussia, PA 19406 610-265-8510 Ext. 401, Fax 610-265-6931 Email: realestate@goddardsystems.com Web site: www.goddardschool.com
Child Care The 320-unit chain operates locations nationwide. The child care learning centers occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Plans call for 50 openings throughout the existing market during the coming 18 months. Typical leases run 15 years. A land area of 1.5 acres is required. The company prefers build-to-suits and to locate near elementary schools, medical offices and upscale residential areas.
Quick Chek Foodstores, Inc. dba Quick Chek Foodstores Robert Vallario 3 Old Highway 28 Whitehouse Station, NJ 08889 908-534-7156, Fax 908-534-7216 Web site: www.qchek.com
Convenience The 100-unit chain operates locations throughout NJ and the Hudson Valley region in NY. The convenience stores, with gasoline facilities, occupy spaces of 6,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a population of 5,000 within one mile earning $60,000 as the average household income. Major competitors include Wawa. A land area of two to three acres is required. The company prefers to acquire sites.
Petroleum Marketers, Inc. dba Stop In Food Stores Ronald Hare 3000 Ogden Road Roanoke, VA 24018 540-772-4900, Fax 540-772-6900
Convenience The 80-unit chain operates locations throughout VA and WV. The convenience stores occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. A land area of one acre is required. The company is franchising.
Stop-N-Go of Madison, Inc. dba Stop-N-Go Director of Real Estate 2934 Fish Hatchery Road Madison, WI 53713-5015 Email: bowmana@stop-n-go.com Web site: www.stop-n-go.com
Convenience The 35-unit chain operates locations throughout IL and WI. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in freestanding locations. Plans call for one opening in southern WI and/or northern IL during the coming 18 months. Typical leases run 15 years with options. Specific improvements are required. Major competitors include Kwik Trip. A land area of 1 to 1.5 acres is required.
Wag-A-Bag, Inc. dba Wag-A-Bag Cary Rabb 2604 Sunrise Road Round Rock, TX 78664-6745 512-255-1029, Fax 512-255-1801 Email: cary@wagabag.com Web site: www.wagabag.com
Convenience The 19-unit chain operates locations throughout TX. The convenience stores occupy spaces of 2,400 sq.ft. to 4,500 sq.ft. in freestanding locations. Plans call for two to three openings throughout the existing market during the coming 18 months. Typical leases run five year with options. Major competitors include 7-Eleven, RaceTrack and Exxon.
Wawa, Inc. dba Wawa June Spring 260 West Baltimore Pike Wawa, PA 19063-5699 610-358-8058, Fax 610-793-2840 Web site: www.wawa.com
Convenience The 550-unit chain operates locations throughout DE, MD, NJ, PA and VA. The convenience stores, some with gasoline facilities, occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of two to three acres is required.
www.dealmakers.net
The
Dealmakers
January 9, 2009
page 9
Lead Sheet Macy’s, Inc. dba Bloomingdale’s Carl Goertemoeller 7 West 7th Street Cincinnati, OH 45202 513-579-7666, Fax 513-579-7513
Department Store The 36-unit chain operates locations throughout CA, FL, GA, IL, MA, MD, MN, NJ, NV, NY, PA and VA. The upscale department stores occupy spaces of 150,000 sq.ft. to 230,000 sq.ft. in freestanding locations and malls. Plans call for one to two openings during 2009 throughout major metro markets nationwide. Preferred cotenants include high-end specialty stores.
Goodwill Easter Seals Miami Valley dba Goodwill Lance Detrick 1511 Kuntz Road Dayton, OH 45404 937-461-4800, Fax 937-461-9578
Discount The 24-unit chain operates locations throughout OH. The stores, offering second-hand apparel, housewares and footwear, occupy spaces of 8,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Plans call for three openings throughout Dayton and west central OH during the coming 18 months. Typical leases run five years. Specific improvements are required.
Nordstrom, Inc. dba Nordstrom Rack Tony Sekora 1700 7th Avenue, Suite 1000 Seattle, WA 98101-4407 206-303-2095, Fax 206-303-4419
Discount The 55-unit chain operates locations throughout AZ, CA, CO, FL, GA, HI, IL, MD, MI, NV, NY, OR, PA, TX, UT, VA and WA. The stores offer brand-name apparel, accessories and footwear, in addition to home accents and bath and beauty products, all at discounted prices. The company prefers to occupy spaces of 35,000 sq.ft. to 40,000 sq.ft. in power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
CVS Brian Bielatowicz, Jeff Stanley or Nick Wirick c/o Lee & Associates Commercial Real Estate Services 25240 Hancock Avenue, Suite 100 Murrieta, CA 92562 951-445-4515, Fax 951-445-4555 Email: bbielatowicz@lee-associates.com Web site: www.cvs.com
Drug Store The 6,800-unit chain operates locations nationwide. The drug stores occupy spaces of 13,225 sq.ft. in endcaps, freestanding locations and neighborhood and community centers. Plans call for 10 openings throughout San Bernardino County, CA during the coming 18 months, with representation by Lee & Associates Commercial Real Estate Services. The company prefers to acquire sites. A land area of two acres is required for freestanding locations.
Atlantic Wireless dba AT&T Wireless Jack Kahn c/o Jack Kahn Realty Services Corp. 33 Clinton Road West Caldwell, NJ 07006 973-808-8757, Fax 973-808-8758
Electronics The 60-unit chain operates locations throughout NJ and PA. The electronics stores occupy spaces of 800 sq.ft. to 2,000 sq.ft. in freestanding locations, malls, kiosks and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Jack Kahn Realty Services Corp. Typical leases run five years with options. A vanilla shell and specific improvements are required.
Gregg Appliances, Inc. dba H.H. Gregg Appliances & Electronics 4151 East 96th Street Indianapolis, IN 46240 317-848-8710, Fax 317-848-8723 Email: bdixon@hhgregg.com Web site: www.hhgregg.com
Electronics The 109-unit chain operates locations throughout AL, FL, GA, IN, KY, OH, NC, SC and TN. The electronics and appliance stores occupy spaces of 30,000 sq.ft. in freestanding locations, malls and power centers. Growth opportunities are sought throughout FL and NC during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include Target. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. Major competitors include Best Buy. A land are of three acres is required for freestanding locations.
page 10
January 9, 2009
The
Dealmakers
www.dealmakers.net
Lead Sheet Gold Class Cinema Alan Dinenberg c/o Legend Properties, Inc. 1000 Hector Street, Suite 100 Conshohocken, PA 19428 610-941-4034, Fax 610-941-4038 Email: adinenberg@lpre.com Web site: www.lpre.com
Entertainment The two-unit chain operates locations in Barrington, IL and Seattle, WA. The upscale movie theaters occupy spaces of 40,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout DE, FL, NJ and PA during the coming 18 months, with representation by Legend Properties, Inc. The company prefers to locate in affluent markets.
Harkins Amusement Enterprises dba Harkins Theatres Mike Bowers 7511 East McDonald Drive Scottsdale, AZ 85250 480-627-7777, Fax 480-627-7808 Web site: www.harkinstheatres.com
Entertainment The 31-unit chain operates locations throughout AZ, CA, CO, OK and TX. The movie theaters, featuring stadium seating and digital cinema, occupy spaces of 59,000 sq.ft. to 85,000 sq.ft. in freestanding locations, malls and entertainment, lifestyle and power centers. Growth opportunities are sought throughout the existing market, in addition to NV and WA, during the coming 18 months. Preferred demographics include a population of 150,000 within 10 miles earning $45,000 as the average household income. A land area of 12 acres is required for freestanding locations.
Mann Theaters, Inc. dba Mann Theaters Steve Mann 900 East 80th Street Bloomington, MN 55420 952-767-0102, Fax 952-767-0103
Entertainment The 12-unit chain operates locations throughout MN. The movie theaters occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations, regional malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Studio Movie Grill Brian Schultz 11300 North Central Expressway, Suite 200 Dallas, TX 75243 972-388-7888 Web site: www.studiomoviegrill.com
Entertainment The six-unit chain operates locations throughout TX. The movie theaters/restaurants occupy spaces of 40,000 sq.ft. in freestanding locations, regional malls and entertainment, tourist, lifestyle, power and specialty centers, in addition to urban/downtown areas. Plans call for three to seven openings throughout AZ, FL and Atlanta, GA during the coming 18 months. Typical leases run 15 years. Specific improvements are required. Preferred cotenants include bookstores, restaurants, specialty retail, SuperTarget and Bed Bath & Beyond. Major competitors include Movie Tavern, Alamo Draft House and Village Roadshow.
Suntrust Bank Bob Schwenger c/o JBG Rosenfeld Retail 4445 Willard Avenue, Suite 700 Chevy Chase, MD 20815 301-657-0700, Fax 301-657-9850 Email: bschwenger@jbgr.com Web site: www.suntrust.com
Finance The 1,600-unit chain operates locations throughout AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, WV and Washington, DC. The banks occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought throughout the metropolitan area of Washington, DC during the coming 18 months, with representation by JBG Rosenfeld Retail.
Hobbytown USA, Inc. dba Hobbytown USA Rich Aries c/o ESR Commercial 6301 South 58th Street Lincoln, NE 68516 818-991-3368 Web site: www.hobbytown.com
Hobby The 190-unit chain operates locations nationwide. The stores, offering trains, models and supplies, occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in power and strip centers. Plans call for 25 openings nationwide during the coming 18 months with representation by ESR Commercial. A vanilla shell is required. Preferred demographics include a population of 100,000 within five miles. The company is franchising.
www.dealmakers.net
The
Dealmakers
January 9, 2009
page 11
Lead Sheet Laundry Systems Brokers, Inc. dba Laundry Systems Art Roy 4101 Williamsburg Court Medina, OH 44256 800-643-9274, Fax 330-764-3304 Web site: www.laundrysystems.com
Laundromat The 66-unit chain operates locations throughout IN, KY, MI, NY, OH, PA and TN. The laundromats occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout the existing markets, in addition to WV, during the coming 18 months. Typical leases run 10 years with two, five-year options. Specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 10,000 within one mile earning up to $50,000 as the average household income.
Roger Dunn Golf, Golf Mart and Van’s Matthew May c/o May Realty Advisors 15206 Ventura Boulevard, Suite 302 Sherman Oaks, CA 91403 818-528-3999, Fax 818-905-7559 Email: matthew@mayrealtyadvisors.com Web site: www.mayrealtyadvisors.com
Sporting Goods The 27-unit chain operates locations throughout AZ and CA. The golf retailers occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations and power, specialty and strip centers. Plans call for 10 openings throughout the existing markets during the coming 18 months, with representation by May Realty Advisors. A vanilla shell is required. Preferred cotenants include Home Depot and men’s apparel stores. Major competitors include GolfSmith.
Hans Christian Toy Stores, Ltd. dba Hans Christian Toys Greg Borys 30 Paramount Road Winnipeg, Manitoba, Canada R2X 2W3 204-633-9776, Fax 204-632-5216
Toys The three-unit chain operates locations throughout Manitoba, Canada. The toy stores occupy spaces of 1,200 sq.ft. to 1,700 sq.ft. in malls. Growth opportunities are sought throughout Canada during the coming 18 months.
Dollar Tree Jonathan Wise c/o Strategic Retail Advisors 405 Cochituate Road Framingham, MA 01701 207-831-2110, Fax 508-405-1931 Email: jwise@sraretail.com Web site: www.dollartree.com
Variety The 3,572-unit chain operates locations nationwide. The stores, offering gift bags, party supplies, housewares, seasonal décor, candy, toys, health and beauty items, stationary and books, occupy spaces of 8,000 sq.ft. to 11,000 sq.ft. in freestanding locations, inline spaces and pad sites. Growth opportunities are sought throughout CT, MA, ME, NH, RI and VT during the coming 18 months, with representation by Strategic Retail Advisors. The company prefers to locate in high traffic areas with excellent visibility and to acquire existing buildings.
Video U.S.A. Entertainment, Inc. dba Video U.S.A. Hans Trinler 10 Fifth Street Valley Stream, NY 11581 516-825-9030, Fax 516-825-8810 Email: hans.trinler@videousa.net Web site: www.videousa.net
Video The 14-unit chain operates locations throughout FL, LA, MS and PA. The stores, offering video rentals and sales, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations and entertainment and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years. Preferred demographics include a population of 25,000 within three miles earning $30,000 as the average household income.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. page 12
January 9, 2009
The
Dealmakers
www.dealmakers.net
Space Place
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Arizona
Florida
Illinois
Mesa – Grove Towne Center, a power center located at the intersection of Alma School Road and Grove Avenue, has a 2,000 sq.ft. space available along with two spaces of 1,200 sq.ft. Cotenants include Chipotle, Cold Stone Creamery, Yogi’s Teriyaki Grill, Buffalo Wild Wings, Tropical Smoothie and Quiznos. Area retail includes Fiesta Mall. For details, contact Desiree Flores, AVB Development Partners, 7316 East 6th Avenue, Scottsdale, AZ 85251; 480429-7600 Ext. 2001, Fax 480-429-7611; Email: dflores@avbuilder.com; Web site: www.avbdp.com.
intersection of Palm Beach Boulevard and Buckingham Road, has spaces available of 1,200 sq.ft.; 6,000 sq.ft. and 35,200 sq.ft. The asking annual rent ranges from $10 psf to $14 psf with CAM of $2.75 psf. Naples – Patriot Square Plaza, a 24,700 sq.ft. center located at the intersection of East Tamiami Trail and Lakewood Boulevard, has spaces available of 1,360 sq.ft.; 1,440 sq.ft. and 1,800 sq.ft. The asking annual rent ranges from $12.50 psf to $16 psf with CAM of $4.15 psf. Also, 2nd Avenue Shops, a 5,507 sq.ft. center located at the intersection of 2nd Avenue and 10th Avenue, has a 1,250 sq.ft. space available. The asking annual rent is $16 psf with CAM of $3.34 psf. North Fort Myers – Foxmoor Plaza, a 50,294 sq.ft. center located at the intersection of Bayshore Road and Hart Road/New Post Drive, has a 710 sq.ft. space available. The asking annual rent ranges from $12 psf to $14 psf with CAM of $3.75 psf. South Fort Myers – San Carlos Plaza, a 76,408 sq.ft. center located at the intersection of South Tamiami Trail and Sanibel Boulevard, has spaces available of 2,338 sq.ft. and 2,554 sq.ft. Cotenants include Beall’s Outlet, Sunshine Ace Hardware, Appliance Direct, Beef O’Brady’s, Twisty Treat and Dairy Queen. For details, contact Dennis Claussen, The Richden Co., 1410 West Irving Park Road, Suite 1F, Chicago, IL 60613; 773-871-4737, Fax 773-871-3118; Email: richden@richden.com; Web site: www.richden.com.
Berkley – Berkley Plaza, a 12,000 sq.ft. strip center located at the intersection of St. Charles Road and Taft Road, has a 1,250 sq.ft. space available. Area demographics include a population of 311,297 within five miles earning $81,254 as the average household income. The asking rent is $16 psf. Bolingbrook – County Aire Plaza, a 65,000 sq.ft. center located at the intersection of South Weber Road and Veterans Parkway, has a 5,000 sq.ft. space available along with a divisible space of 30,000 sq.ft. Area demographics include a population of 213,991 within five miles earning $124,311 as the average household income. Chicago – A 4,200 sq.ft. mixed-use center located at the intersection of 31st Street and Halsted Street has a 1,900 sq.ft. space available. Area retail includes Walgreens, Dunkin Donuts and Park View Plaza. Area demographics include a population of 902,694 within five miles earning $70,488 as the average household income. The average daily traffic count is 30,600 vehicles. Joliet – Fiday Plaza, an 11,500 sq.ft. strip center located at the intersection of Essington Road Street and Fiday Road, has spaces available of 1,100 sq.ft. and 2,200 sq.ft. Area demographics include a population of 204,690 within five miles earning $80,231 as the average household income. The average daily traffic count is 30,600 vehicles. The asking rent is $16 psf. Naperville – 95th Street Plaza, a 10,010 sq.ft. strip center located at the intersection of 95th Street and Book Road, has a 1,355 sq.ft. space available. Rosati’s Pizza anchors the center. Area demographics include a population of 213,576 within five miles earning $142,615 as the average household income. The average daily traffic count is 30,600 vehicles. Orland Park – Shops of Orland Park, a 16,000 sq.ft. strip center situated on two acres at the intersection of 143rd Street and Wolf Road, has spaces available of 1,640 sq.ft. and 4,450 sq.ft. Cotenants include Hair Cuttery and Sprint. Area demographics include a population of 125,089 within five miles earning $110,750 as the average household income. The average daily traffic count is 22,200 vehicles. Schaumburg – Shoppes at Prime Village, a 65,000 sq.ft. strip center located at the intersection of Algonquin Road and Meacham Road, has spaces available of 1,200 sq.ft. and 10,000 sq.ft. along with outlot spaces of 4,500 sq.ft.; 7,400 sq.ft. and 10,000 sq.ft. Chicago Prime Steakhouse, Culvers, Aldi and Wendy’s anchor the center. Area retail includes Woodfield Mall. Area demographics include a population of 282,501 within five miles
Yuma – Yuma Palms Regional Center, a one million sq.ft. mall situated on 125 acres at the intersection of Interstate 8 and 16th Street, has spaces available of 1,422 sq.ft. and 24,980 sq.ft. Harkins, Dillard’s and JCPenney anchor the center. Cotenants include Ross Dress for Less, Old Navy and Hot Topic. Area demographics include a population of 107,086 within five miles earning $53,314 as the average household income. The asking rent ranges from $14 psf to $34 psf with CAM of $8.75 psf. For details, contact Felisa Taylor, A.T. Pancrazi Real Estate, 350 West 16th Street, Suite 332, Yuma, AZ 85364; 928-782-0000, Fax 928782-5559; Email: felisa@pancrazi.com.
California Lancaster – Lancaster Commerce Center, a 600,000 sq.ft. power center located at the intersection of West Avenue K and 10th Street West, has a 50,000 sq.ft. space available. Target, Big Lots, Ross Dress for Less, 24-Hour Fitness and Big 5 anchor the center. Cotenants include Bank of America, McDonald’s, KFC, Avenue, Factory-U, Sees Candy and H&R Block. Area retail includes Lowe’s Home Improvement and Winco Shopping Center. Oxnard – Vineyard Plaza, a 65,000 sq.ft. strip center located at the intersection of Vineyard Avenue and Oxnard Boulevard, has a 20,000 sq.ft. space available. Circle K, U.S. Bank and H&R Block anchor the center. Cotenants include Supercuts, Scottrade and Waba Grill. Area retail includes Oxnard Esplande. For details, contact Rosanne Morgiewicz, The Morgiewicz Co., 18120 Coastline Drive, Malibu, CA 90265; 310-454-4407, Fax 310454-4337; Email: rosannemorg@aol.com.
Florida East Fort Myers – Riverdale Shopping Center, a 75,581 sq.ft. center located at the
Georgia Brunswick – Glynn Isles Market, a 508,976 sq.ft. power center situated on 56 acres at the intersection of Altama Avenue and Spur 25/ Golden Isles Parkway, has spaces available of 1,000 sq.ft.; 2,000 sq.ft. and 4,000 sq.ft. along with a 1.14-acre outparcel. Target and Lowe’s Home Improvement anchor the center. Cotenants include Ross Dress for Less, Old Navy, Office Depot, Michaels and PetSmart. Area retail includes Colonial Mall, featuring Ruby Tuesday, JCPenney, Belk and Sears, and Golden Isles Plaza, featuring Pier 1 Imports, Books-A-Million, Staples, Bed Bath & Beyond and T.J. Maxx. Area demographics include a population of 40,803 within five miles earning $48,766 as the average household income. The average daily traffic count is 70,000 vehicles. The asking rent is $22 psf with CAM of $1.30 psf and taxes of $1 psf. For details, contact Rebecca Gault, Centennial American Properties, PO Box 10588, Greenville, SC 29603; 864-271-3894, Fax 864-2425498; Email: rebeccag@capllc.com; Web site: www.capllc.com. www.dealmakers.net
The
Dealmakers
(continued on page fourteen) January 9, 2009
page 13
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Space Place Illinois
Indiana
Iowa
earning $100,337 as the average household income. The average daily traffic count is 73,200 vehicles. For details regarding the Berkley, Boilingbrook, Orland Park and Schaumburg properties, contact Simeon Spirrison, Adelphia Properties, P.O. Box 4974, Oak Brook, IL 60522; 630-455-4495, Fax 630455-4496; Email: spirrison1@yahoo.com. For details regarding the Chicago, Joliet and Naperville properties, contact George Spirrison; Email: george@adelphiaproperties.com.
Emails: jhubley@midlandatlantic.us and bdrake@midlandatlantic.us; Web site: www.midlandatlantic.com. For details regarding the Greencastle property, contact Patrick Boyle; Email: pjboyle@midlandatlantic.us.
and Gordman’s. Area demographics include a population of 216,639 within 30 miles earning $58,925 as the average household income. For details, contact Lockard Realty, 4501 Prairie Parkway, Cedar Falls, IA 50613; 319277-8000, Fax 319-277-8080; Web site: www.lockardonline.com. For additional details regarding the Waterloo property, contact Dustin W. Whitehead or Jack E. Jennings; 319-961-6545 or 319-290-3263; Emails: dustinw@lockardonline.com and jackj@lockardonline.com.
Chicago – The Shoppes on Clybourn, a 6,190 sq.ft. mixed-use center located at the intersection of North Clybourn Avenue and Sheffield Avenue, has spaces available of 675 sq.ft.; 800 sq.ft. and 975 sq.ft. The average daily traffic count is 14,200 vehicles. The asking annual rent is $30 psf. For details, contact Dennis Claussen, The Richden Co., 1410 West Irving Park Road, Suite 1F, Chicago, IL 60613; 773-871-4737, Fax 773-871-3118; Email: richden@richden.com; Web site: www.richden.com
Indiana Columbus – Columbus Crossing Shops, an 18,993 sq.ft. center located at the intersection of Interstate 65 and State Road 46, has an 1,800 sq.ft. endcap available. Wal*Mart Supercenter, Menards and Sam’s Club shadow-anchor the center. Cotenants include Buffalo Wild Wings, Mattress Gallery, Manpower, Verizon Wireless, BoRics and GameStop. Area retail includes Wendy’s, Bob Evans, Taco Bell, Burger King, Bigfoot, Culver’s, Starbucks, McDonald’s and a future Walgreens. Area demographics include a population of 54,704 within seven miles earning $61,270 as the average household income. The average daily traffic count is 33,221 vehicles. Greencastle – Putnam Plaza, a 94,000 sq.ft. center located at the intersection of State Route 240/Indianapolis Road, and South County Road 100 East, has spaces available from 1,200 sq.ft. to 5,000 sq.ft. along with an outlot. Tractor Supply Co., Peebles, Sears and Shoe Sensation anchor the center. Cotenants include Great Chinese Buffet, Rairdon’s Tobacco, T&T Nails, Members Heritage/Credit Union, Benny’s Floorcovering, D’s Cleaners and Teacher’s Credit Union. Area demographics include a population of 15,263 within five miles earning $51,933 as the average household income. For details regarding the Columbus property, contact Jeff Hubley or Ben Drake, Midland Atlantic; 317-580-9900; page 14
January 9, 2009
The
Portage – Willowcreek Plaza, a 38,118 sq.ft. center located at the intersection of Willowcreek Road and Lute Road/Ridge Road, has spaces available of 1,250 sq.ft.; 1,648 sq.ft. and 2,200 sq.ft. Cotenants include 7-Eleven, The UPS Store and Nextel. The asking annual rent ranges from $12.50 to $18 psf with CAM of $3.65 psf. Valparaiso – East Gate Plaza, a 19,217 sq.ft. center located at the intersection of LaPorte Avenue and Harmel Drive, has a 1,560 sq.ft. space available along with two spaces of 1,605 sq.ft. Cotenants include U.S. Cellular, Batteries Plus and Accelerated Rehab. The asking annual rent is $23 psf with CAM of $4 psf. For details, contact Dennis Claussen, The Richden Co., 1410 West Irving Park Road, Suite 1F, Chicago, IL 60613; 773-871-4737, Fax 773-871-3118; Email: richden@richden.com; Web site: www.richden.com
Iowa Des Moines – Southdale Shopping Center, located on Southeast 14th Street, has spaces available from 2,250 sq.ft. to 7,020 sq.ft.. Home Depot, Best Buy, OfficeMax and PetSmart anchor the center. Cotenants include Jo-Ann Fabrics, Andy’s Nails, American General, GameStop, Great Clips and Eye Mart along with Amerus Bank and B-Bops occupying pad sites. Area retail includes Classic Tan, Papa Murphy’s, Hollywood Video, Wal*Mart Supercenter, Furniture Row, Target, Gordman’s, Hobby Lobby, Petco, Famous Footwear, Catherines, Menards, Walgreens, Dollar Tree, Aspen Athletic and Southridge Mall, anchored by JCPenney, Younkers and Sears. Trade-area demographics include a population of 307,094. Asking rent ranges from $9 psf to $12 psf with CAM of $1.41 psf and taxes of $2.95 psf. Waterloo – Crossroads Plaza, a 142,500 sq.ft. center located on Sears Drive, has spaces available of 900 sq.ft.; 3,640 sq.ft.; 5,480 sq.ft. and 31,700 sq.ft. along with a one-acre outlot. Cotenants include Golden China, Exceptional Persons Inc., JoAnn Fabrics, Weight Watchers, Marshall Salon Services and U.S. Physical Therapy. Area retail includes Best Buy, Home Depot, Wal*Mart Supercenter, Menards, Bed Bath & Beyond, Barnes & Noble, Staples, PetSmart and Crossroads Shopping Center, featuring Dillard’s, JCPenney, Younkers, Old Navy, Sears
Dealmakers
www.dealmakers.net
Massachusetts Dedham – Dedham Mall, an 800,000 sq.ft. power center located at the intersection of Route 1 and Washington Street, has a divisible space of 44,000 sq.ft. available. Stop & Shop, Sears and Lowe’s Home Improvement anchor the center. Cotenants include Dick’s Sporting Goods, DSW, T.J. Maxx, Old Navy and Bob’s Furniture. Area demographics include a population of 1.2 million within 10 miles. For details, contact Deb DiMeo, The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-247-9200, Fax 617247-4044; Email: ddimeo@wilderco.com; Web site: www.wilderco.com. Stoughton – Shaw’s Plaza, a 73,031 sq.ft. strip center situated on 6.42 acres at the intersection of Route 139 and Route 27, has spaces available of 1,440 sq.ft. and 5,156 sq.ft. Shaw’s Supermarket and Rite Aid anchor the center. Cotenants include RadioShack and Best Cuts. Area demographics include a population of 144,959 within five miles earning $64,158 as the median household income. The average daily traffic count is 23,100 vehicles. The asking rent is $22 psf with CAM of $2.40 psf and taxes of $2 psf. For details, contact Michael Alberico, Paramount Partners, LLC, 639 Granite Street, Suite 305, Braintree, MA 02184; 781848-1550 Ext. 19, Fax 781-848-4980; Email: malberico@paramountpartners.com; Web site: www.paramountpartners.com.
Michigan Bay City – Majestic Square, a 135,000 sq.ft. strip center situated on 10 acres at the intersection of Center Avenue and Sherman Road, has spaces available of 6,652 sq.ft.; 8,189 sq.ft. and 11,605 sq.ft. along with a 6,656 sq.ft. outlot. Kroger anchors the center and cotenants include Jo-Ann Fabrics, Check and Go, Fashion Bug, Fiesta Hair Salon and (continued on page sixteen)
Over 7,000
retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? Tenant Search includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches on-line can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any web browser online, access up-to-date information, print letters and save searches. Get the details on over 7,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise, Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and TenantSearch users receive 5 to 25 leads daily via email for online users. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and type of tenants you desire and within seconds... you’ll have a list of retailers interested in your location.
Call 1-800-732-5856 or visit our website at www.tenantsearch.com
ORDER NOW!
Fax your order to: (609-587-3511)
Mail your order to: PO Box 2630 Mercerville, NJ 08690 National Edition (approx. 7,000 leads)
$589 (CD-ROM) $369 (Online) $369 (Hardcopy) $689 (Online & CD-ROM) Regional Edition (approx. 2,500 leads per region)
West Midstates East South $379 (CD-ROM) $289 (Online) $289 (Hardcopy) $479 (Online & CD-ROM) Online Access, please provide Email address: _____________________________ Password (minimum 4 characters, case-sensitive): __________________________
QUESTIONS.... Email: ann@dealmakers.net or Call: 800-732-5856 Contact/Ship to: (Tenant Search is shipped via UPS ground at no charge) Name __________________________________________________ Company _______________________________________________ Street ___________________________________________________ City ____________________________________________________ Phone __________________________________________________ Credit Card
Visa Mastercard American Express
Card #: _________________________________________________ Signature: _______________________________________________ Cardholder Name: _________________________________________
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Space Place Michigan
(continued from page fourteen)
Ace Hardware. Area demographics include a population of 65,551 within five miles earning $35,975 as the average household income. For details, contact Bob Huhem, Majestic Property Affiliates, Inc., 60 Cutter Mill Road, Suite 303, Great Neck, NY 11021; 516-466-3100, Fax 631-466-3132; Email: needspace@majprop.com; Web site: www.majprop.com.
New Jersey Butler – River Place at Butler, a 19,600 sq.ft. urban center located at the intersection
LOOKING FOR TENANTS?
Recession Leasing Made Easy
40-Years Proven Success
New Jersey
New Jersey
of Main Street and Hamburg Turnpike, has spaces available of 1,200 sq.ft. and 7,300 sq.ft. Dunkin’ Donuts anchors the center and cotenants include Metromart and Rita’s. Area demographics include a population of 59,783 within five miles earning $111,480 as the average household income. The asking rent is $19.50 psf. Florham Park – Florham Village Towne Center, a 56,600 sq.ft. specialty center located at the intersection of Columbia Turnpike and Ridgedale Avenue, has spaces available of 1,355 sq.ft.; 2,200 sq.ft. and 5,500 sq.ft. CVS, Panera Bread and Kings Supermarket anchor the center. Cotenants include Blue Tulip, U.S. Postal Service, Starbucks, Trader Joe’s and Valley National Bank. Area retail includes Dunkin’ Donuts and McDonald’s. Area demographics include a population of 135,406 within five miles earning $141,704 as the average household income. The average daily traffic count is 45,000 vehicles. Montclair – Wegewood Building, a center located at the intersection of Southpark Street and Bloomfield Avenue, has spaces available of 1,850 sq.ft. and 3,800 sq.ft. Urban Outfitters and South Park Restaurant anchor the center. Cotenants
include Lacrosse Unlimited and American Apparel. Area retail includes Clearview Cinemas, Patagonia, Whole Foods, Starbucks and NYSC. Area demographics include a population of 554,064 within five miles earning $78,791 as the average household income. Mt. Olive – Village Green, a 100,000 sq.ft. center, has a 1,950 sq.ft. space available. HomeGoods and CVS anchor the center. Cotenants include Curves and Dairy Queen. Area retail includes International Trade Center. Area demographics include a population of 71,615 within five miles earning $79,727 as the average household income. The average daily traffic count is 35,000 vehicles. Rochelle Park – A divisible 5,450 sq.ft. freestanding former U.S. Postal Service site located on Lotz Lane is available. Area demographics include a population of 472,294 within five miles earning $58,206 as the average household income. The average daily traffic count is 19,500 vehicles. Wayne – Wayne West Belt Plaza, a 90,000 sq.ft. center located at the intersection of Route 23 and Willowbrook Drive, has spaces available of 2,170 sq.ft. and 2,650 sq.ft. Home Goods and PetSmart anchor the center. Cotenants
out Check W our NE orum! Jobs F
LOOKING FOR TENANTS?
Let the
Dealmakers’
E-mail Forums Lease and Sell Your Property for Free
Join over 118,900 members
STUART MAKLER:
looking to acquire, sell, lease and finance all types of commercial real estate, we’re the place to list your center’s availability or if you’re looking to lease or acquire, the forums make sense and best of all, they’re free!
President “Tenants By Mail”
Our Leads & Our Training + Your Leasing
Over 1.5 million unique visitors
= FAST DEALS!
a year looking for deals.
The deal junkie’s home page
for shopping centers, office & medical bldgs.
Joining is simple, go to:
http://www.dealmakers.net/mail/index.html to sign up or visit our Web site at: www.dealmakers.net
www.tenantsbymail.com
(800) 244-9066 STUART MAKLER & ASSOCIATES, INC. page 16
January 9, 2009
The
Dealmakers
www.dealmakers.net
Space Place
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
New Jersey
New York
Ohio
include Pizzeria Uno and Sleepy’s Jewelry Exchange. Area retail includes Lord & Taylor, Costco, Bloomingdale’s, Macy’s, Old Navy, Sony Theatres, Wayne Towne Square and Willowbrook Mall. Area demographics include a population of 274,755 within five miles earning $96,720 as the average household income. The average daily traffic count is 40,000 vehicles. The asking rent ranges from $38 psf to $42 psf with CAM of $7.50 psf. For details, contact Neal Richards, Vanguard Group, 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700, Fax 972-9660123; Email: nrichards@vanguardsite.com; Web site: www.vanguardsite.com.
the average household income. The average daily traffic count is 115,000 vehicles. The asking rent ranges from $6 psf to $9 psf with CAM of $2 psf. Watertown – Arsenal Plaza, a 227,000 sq.ft. strip center situated on 25 acres at the intersection of Route 3/Arsenal Street and Interstate 81, has a 1,907 sq.ft. space available along with two spaces of 2,000 sq.ft. Price Chopper, Staples, T.J. Maxx, Michaels and Herb Philipson’s Army and Navy anchor the center. Cotenants include Dollar Tree, Fashion Bug, Rent-A-Center, National Vision and Applebee’s. Area retail includes Target, Kohl’s, Home Depot, Lowe’s Home Improvement, Wal*Mart, Sam’s Club, Sears, JCPenney, The Bon-Ton, Gander Mountain, Best Buy, Borders Books, Burlington Coat Factory, Dick’s Sporting Goods, Pier 1 Imports, Kmart, Hannaford, Raymour & Flanigan, Salmon Run Mall, Salmon Run Plaza, Stateway Plaza and COR Watertown Center. Area demographics include a population of 68,924 within 10 miles earning $50,996 as the average household income. The average daily traffic count is 43,699 vehicles. The asking rent is $12 psf with CAM of $2 psf and taxes of $1 psf. For details regarding the Cicero, Liverpool and Syracuse properties, contact Bill Evertz, Pyramid Brokerage Co., 5786 Widewaters Parkway, DeWitt, NY 13214; 315-445-1030, Fax 315-445-2074; Email: wevertz@pyramidbrokerage.com; Web site: www.pyramidbrokerage.com. For details regarding the Watertown property, contact Larry J. Socia; 315-445-8501; Email: lsocia@pyramidbrokerage.com.
Canton – A 7,090 sq.ft. freestanding former Bennigan’s site located on Dressler Road Northwest is available. The asking monthly rent is $16,500 plus NNN. For details, contact Matt Waterman, Pegasus Investments, 15915 Ventura Boulevard, Penthouse 2, Encino, CA 91436; 818-981-4910, Fax 818-990-0268; Email: mdwaterman@pegasusnnn.com.
New York Cicero – Country Max Plaza, a 68,801 sq.ft. strip center situated on 8.84 acres at the intersection of Route 31 and New Country Drive, has spaces available of 1,800 sq.ft.; 7,800 sq.ft.; 10,400 sq.ft. and 40,000 sq.ft. Country Max and International Auto Parts anchor the center. Cotenants include Mark’s Pizzeria, Stylz Etc., We Be Scrappin’ and Essential Kneads. Area retail includes Wal*Mart, Target and Marshalls. Area demographics include a population of 81,230 within five miles earning $70,285 as the average household income. The average daily traffic count is 26,185 vehicles. The asking rent is $9 psf with CAM of $2.25 psf. Liverpool – Sugarwood Center, a 28,205 sq.ft. strip center situated on 4.5 acres at the intersection of Bear Road and Buckley Road, has spaces available of 1,350 sq.ft.; 1,400 sq.ft. and 1,420 sq.ft. along with a 35,000 sq.ft. outlot. Joy Carpet anchors the center and cotenants include Sam Remo Pizza and T-Mobile. Area retail includes Rite Aid. Area demographics include a population of 123,702 within five miles earning $66,057 as the average household income. The average daily traffic count is 31,866 vehicles. The asking rent ranges from $9 psf to $11 psf with CAM of $3.25 psf. Syracuse – Mattydale/ Kmart Plaza, a 160,000 sq.ft. strip center situated on 18 acres at the intersection of Route 81 and Route 11, has spaces available of 3,000 sq.ft.; 4,100 sq.ft. and 15,000 sq.ft. along with a 200,000 sq.ft. outlot. Kmart and Dollar Tree anchor the center. Cotenants include Sally Beauty Supply, Zebb’s Restaurant and Rent-A-Center. Area retail includes T.J. Maxx, Christmas Tree Shoppes, Ashley Furniture, Olum’s, Michaels and Northern Lights Shopping Center. Area demographics include a population of 230,785 within five miles earning $58,379 as
North Carolina Henderson – MarketPlace Shopping Center, an 88,460 sq.ft. strip center situated on 12 acres on Beckford Drive, has a 3,200 sq.ft. space available along with two spaces of 10,000 sq.ft. and a 116,305 sq.ft. outlot. Cotenants include Sherwin Williams, Cato’s, Its Fashion, American General Finance, Family Dollar, Postal Plus, Pino’s Italian Restaurant, Ichiban Japanese Restaurant, Lam’s Garden Restaurant, Big Cheese Pizza, Top Fashions, Beauty World, Enterprise Car, Rent-Way, Top Nails and Liberty Tax. Area retail includes Wal*Mart Supercenter, Tractor Supply Co., Lowe’s Home Improvement and Staples. For details, contact Amy Knott, Chase Development Co., 208 North Garnett Street, Suite G, Henderson, NC 27536; 252-492-8990, Fax 252-430-1070; Email: amy@chasedevelopment.com; Web site: www.chasedevelopment.com. www.dealmakers.net
The
Texas Dallas – Bent Tree Hills, a 180,491 sq.ft. center located at the intersection of Trinity Mills and Marsh Lane, has spaces available from 1,050 sq.ft. to 35,000 sq.ft. Lifetime Fitness anchors the center and cotenants include Family Dollar, Souper Salads, 8th Cleaners, One Way Beauty Supply, Skillz Hair Salon, Wingstop, Chef Chu/Pizza Express, WaMu, Jackson Hewitt, Scrapbook Barn, Scooters and Rodeo Grill. Area demographics include a population of 353,330 within five miles earning $113,971 as the average household income. The average daily traffic count is 50,390 vehicles. The asking rent is $14 psf with NNN of $3.55 psf. Dallas – Prestonwood Village, a 190,944 sq.ft. center located at the intersection of Dallas North Tollway and Arapaho Road, has spaces available from 544 sq.ft. to 25,000 sq.ft. Conn’s Electronics and Gold’s Gym anchor the center. Cotenants include 7-Eleven, Busy Body, Great Earth, Schlotzsky’s, Big Dave’s Burgers, Busy Bee Tailor, Comet Cleaners, Ameriplan, Lalique Salon, Cajun Turkey Co., State Farm Insurance, Souper Salads and Tradition Senior Living. Area retail includes Wal*Mart Supercenter, Petco, OfficeMax and Barnes & Noble. Area demographics include a population of 350,706 within five miles earning $102,951 as the average household income. The average daily traffic count is 80,916 vehicles. The asking rent ranges from $12 psf to $20 psf with NNN of $2.97 psf. For details, contact John West, Sabre Realty Management, Inc.; 972-931-7400, Fax 972250-1863; Email: jwest@sabrerealty.com. Wichita Falls – Wichita Square, located at the intersection of Call Field Road and Kemp Boulevard, has a 27,500 sq.ft. former Linens ‘N Things available. Cotenants include Ross Dress for Less, Hollywood Video, Shoe Carnival and a future Chick-fil-A. Area retail includes Kohl’s, Dillard’s, Old Navy, JCPenney, Sears, Best Buy, Furniture Row, Academy Sports, Wal*Mart Supercenter, Sam’s Club, Home Depot, Texas Roadhouse,
Dealmakers
(continued on page eighteen) January 9, 2009
page 17
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Space Place Texas
Utah
(continued from page seventeen)
Quail Creek Crossing, Olive Garden, Sikes Center Mall and Chili’s. Area demographics include a population of 82,423 within five miles earning $55,846 as the average household income. The average daily traffic count is 39,353 vehicles. For details, contact Lockard Realty, 4501 Prairie Parkway, Cedar Falls, IA 50613; 319277-8000, Fax 319-277-8080; Web site: www.lockardonline.com.
Utah Cedar City – Providence Center, a 3,844 sq.ft. project situated on 0.5 acres at the intersection of Cross Hollow Drive and Providence Center Drive, has two spaces of 1,922 sq.ft. available. Wal*Mart, Home Depot and Walgreens shadow-anchor the center. Area retail includes Payless Shoes, Applebee’s, Chili’s, GameStop, Great Clips, Panda Express, RadioShack, Downeast Outfitters, Deseret Book, Subway and Quiznos. Area demographics include a population of 44,616 within 10 miles earning $39,552 as the average household income.
Virginia Bowling Green – Bowling Green Plaza, a strip center located at the intersection of Route 1202/Anderson Avenue and Highway 207/West Broaddus Avenue, has spaces available of 2,000 sq.ft. and 4,850 sq.ft. Cotenants include Food Lion, Family Dollar, Virginia ABC, China Inn, Subway and Co. Nails. Lawrenceville – Brunswick Square Shopping Center, a strip center located on Beckford Drive, has spaces available of 1,200 sq.ft. and 3,600 sq.ft. Cotenants include Food Lion, Rite Aid, Family Dollar and McDonald’s. For details, contact Amy Knott, Chase Development Co., 208 North Garnett Street, Suite G, Henderson, NC 27536; 252-492-8990, Fax 252-430-1070; Email:
Start your subscription to
Yes!
Virginia
The asking rent is $16.20 psf. For details, contact Brent E. Drew or Thomas Pugh, Quantum Development Group, 288 North Westview Drive, Cedar City, UT 84720; 435-572-4460, Fax 435-865-0054; Email: quantumbrent@gmail.com; Web site: www.headwatersproperty.com.
amy@chasedevelopment.com; www.chasedevelopment.com.
Web
site:
Washington Kennewick – South Ridge Village, a mixeduse center situated on 235 acres at the intersection of Highway 395 and Hildebrand Boulevard, has spaces available of 800 sq.ft.; 1,750 sq.ft. and 1,900 sq.ft. Cotenants include Taco Bell, Meadow Hills Veterinary Clinic, HAPO Community Credit Union, AVA Wine Rooms, Anelare Wine Tasting Studio and Farmer’s Financial Solutions. Area retail includes Wal*Mart. Area demographics include a population of 176,353 within 10 miles earning $64,488 as the average household income. The average daily traffic count is 23,000 vehicles. The asking rent is $20 psf with CAM of $3 psf and taxes of $0.78 psf. For details, contact Whitney Maldonado, Miranda Management, 3617 Plaza Way, Suite G, Kennewick, WA 99337; 509987-4899; Fax 509-586-6585; Email: whitney@mirandamgt.com; Web site: D M www.mirandamgt.com.
today!
Start my subscription right away to the only publication in the shopping center industry devoted exclusively to dealmaking in strip, power and specialty centers, as well as malls. I can use leads every week on retailers looking to lease space, buyers and sellers of retail properties, plus news on space for lease, retail chain acquisitions and mergers, who’s opening or closing stores, new retail concepts, shopping centers under construction and more.
Start my subscription immediately! Please charge my credit card or a check is enclosed
$294 for one year
$434 for two years $187 for six months
Please circle appropriate card:
Mail my subscription to
Card #
Name _________________________________
_______________________________
Company ______________________________
Exp. Date _______________________________
Address _______________________________
Signature _______________________________
City ___________________________________ State _____________
What you’ve missed in the last 47 issues
• 2,300,000 locations of retailers with plans to open 150,000 sites • $27 billion to be bought, sold and financed • Leasing activity on over 600 million sq.ft. of retail poperty
Zip ________________
Phone __________________________________ Fax ____________________________________ Email __________________________________
Expedite your order by faxing the completed form to 609-587-3511 P.O. Box 2630 | Mercerville, NJ 08690 | 800-732-5856 or 609-587-6200 | Fax 609-587-3511 | www.dealmakers.net page 18
January 9, 2009
The
Dealmakers
www.dealmakers.net
METRO MALL 66-26 METROPOLITAN AVE MIDDLE VILLAGE, NY 42,140 SF AvAiLAbLE
• 235,000 GLA
• Located South of the Long Island Expressway (I-495) and North of the Jackie Robinson Parkway • Kmart and Toys R Us, Street Level • Excellent Public Transportation: 3 Bus Lines,Train Service, Subway M Line
1 mile Population: 52,498 Avg HH Inc: $52,521 Med HH Inc: $43,894
wILL SUBdIvIdE 4 loading docks | 800 car parking Cathy Dubas, Leasing Associate 1500 Old Northern Blvd | Roslyn, NY 11576 (516) 484-8800 Tel | (516) 484-9170 Fax www.pergamentproperties.com
3 miles 862,306 $47,634 $38,084
5 miles 2,202,979 $46,159 $36,688
Retail Properties for Lease ShopRite Shopping Center | Norwalk, CT
Woodbury Centre | Harriman, NY
Available Space: 980 SF, 1,920 SF and 20,000 SF
Available Space: 2,500 – 31,000 SF
Co-Tenants: ShopRite Supermarket, Barnes & Noble, UPS, Webster Bank, Angel Tips, GameStop, Aspen Dental
Co-Tenants Kohl’s, Staples, Michael’s, GameStop, Dunkin’ Donuts, Sleepy’s, Modell’s and Eileen Fisher
Neighboring Retailers Wal-Mart, Kohl’s, Home Depot, Stop & Shop, Costco, Old Navy, Sports Authority, TJ Maxx, Best Buy, PetSmart and Toys R Us
Neighboring Retailers Wal-Mart, Home Depot, Target, BJ’s Wholesale, Outback Steakhouse, Chili’s, Payless Shoe Source, Mandee, UPS Store and TJ Maxx
Additional Information 119,745 SF Shopping Center located at Exit 13 on I-95. Signalized entrance on Rt 1. Parking for 500+ cars.
Additional Information The 227,939 SF Shopping Center is located next to Woodbury Commons Outlet Center. Parking for 1,224 Cars.
Traffic Count: 29,900 cars daily on Route 1
Traffic Count: 36,000 cars per day on Route 17 & 32
Rent: Call for details
Rent: Call for details
CAM/Taxes: $6.50/SF
Jeff Kintzer: Jeff@royalpropertiesinc.com
Ashton Park | Poughkeepsie, NY
Available Space: 1,000 - 18,000 SF, Pad Sites Neighboring Retailers Bed Bath & Beyond, Bonefish Grill, Olive Garden, Best Buy, Dick’s, JC Penney, Old Navy, Macy’s, Regal 12 Cinemas, Sears and Target Additional Information 7 Acre Development with 40,000 SF of new construction. 184 Parking Spaces. Across from primary access to Poughkeepsie Galleria. Delivery Spring 2010. Traffic Counts: 47,697 Cars per day on Route 9 Rent: Call for details
CAM/Taxes: Pro-Rata Share
CAM/Taxes: $7.19/SF
David Landes: David@royalpropertiesinc.com
Home Depot Plaza | North Haven, CT
Available Space: Up to 8,646 SF Free Standing Building, 2,500 SF – 5,000 SF (In-Line) Co-Tenants Home Depot, TJ Maxx, BJ’s Wholesale, Xpect Discount, Dunkin’ Donuts, GameStop, GNC, Leslie’s Swimming Pool, Rainbow Shops, McDonald’s, Subway and Verizon Wireless Neighboring Retailers Target, Michael’s, Barnes & Noble, Bernie’s Appliances, Circuit City, Staples, Panera Bread, Friendly’s, Joyce Leslie, Lane Bryant, Sports Authority Additional Information The 331,919 SF Shopping Center is located on a 31.7 acre site. Excellent visibility and accessibility from I-91. Rent: Call for Details
Scott Meshil: Scott@royalpropertiesinc.com
CAM/Taxes: $4.16/SF Jeff Kintzer: Jeff@royalpropertiesinc.com
Providing unique real estate solutions throughout New York, New Jersey and Connecticut 850 Bronx River Road, Bronxville, NY 10708 | T 914.237.3403 | F 914.237.0196 www.RoyalPropertiesInc.com