Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. II
January 16, 2009
Supermarkets Expand Nationwide Smart & Final operates 282 locations throughout AZ, CA, ID, NV, OR and WA and throughout Mexico. The stores, featuring grocery items and restaurant supplies, occupy spaces of 30,000 sq.ft. in freestanding locations, power and strip centers and urban/downtown areas. Growth opportunities are sought throughout the San Gabriel Valley in CA during the coming 18 months, with representation by Retail Net Lease Properties. The company prefers to locate in areas with high daytime populations and daily traffic counts above 30,000 vehicles. For more information, contact Kevin Barry, Retail Net Lease Properties, 360 North Sepulveda Boulevard, Suite 1020, El Segundo, CA 90245; 310-252-7656, Fax 310-414-0040; Email: kevin@rnlp.biz; Web site: www.rnlp.biz. Brookshire Brothers, Ltd. trades as Brookshire Brothers at 104 locations throughout LA and TX. The supermarkets occupy spaces of 15,000 sq.ft. to 45,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run for terms of 20 years. Preferred demographics include a population of 10,000 within a 10-mile radius earning an average household income of $45,000. For more information, contact Eric Rich, Brookshire Brothers, Ltd., 1201 Ellen Trout Drive, Lufkin, TX 75901; 936634-8155, Fax 936-633-4733; Email: erich@brookshirebros.com.
Ronetco Supermarkets, Inc. trades as ShopRite Supermarkets at seven locations throughout NJ. The supermarkets occupy spaces of 65,000 sq.ft. to 75,000 sq.ft. in strip centers in addition to freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run for terms of 25 years. A vanilla shell and specific improvements are required. Preferred cotenants include Home Depot and Target. Preferred demographics include a population of 50,000 within a three-mile radius earning an average household income of $60,000. Major competitors include A&P, Stop N Shop and Pathmark. A land area of 10 acres is required for freestanding locations. For more information, contact Vic Pocorobba, Ronetco Supermarkets, Inc., 1070 Route 46, Ledgewood, NJ 07852-9735; 973-927-8300 Ext. 330, Fax 973-927-4953. Piggly Wiggly Mid-West trades as Piggly Wiggly at 96 locations throughout IL and WI. The grocery stores occupy spaces of 17,000 sq.ft. to 60,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company operates corporate stores and is franchising. For more information, contact Linda Emery, Piggly Wiggly Mid-West, 2215 Union Avenue, Sheboygan, WI 53081; 920-457-4433. (continued on page three)
This issue contains information on:
* Retailers operating 14,222 locations with plans to open 1,021 sites * Real estate valued in excess of $83.4 million to be bought, sold & financed * Leasing activity on over 11.021 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Southwest Idea Exchange Openings Luby’s looks to open two restaurants............................. Pg. 4 Hobby Lobby and Mardel are slated to open locations in a shopping center under development in Independence, MO....................................... Pg. 9 Buyers & Sellers Edgemark Commercial Real Estate Services is selling outlots located at the intersection of Interstate 80 and Ridge Road in Minooka, IL....................... Pg. 5 Grubb & Ellis Pacific Realty is selling a shopping center in Omaha, NE........................... Pg. 6 Sources of Financing Mark One Capital arranged a $5.5 million loan for the refinancing of a center located in Glendale, AZ..................... Pg. 5 In the News Colliers Lanard & Axilbund completed its merger with Markward Group................... Pg. 5 New Construction Eastern Retail Properties is preleasing shopping centers in Greenfield and North Adams, MA........................... Pg. 7 Food Retailers Expand Dunn Bros. Coffee looks to open 25 locations throughout IA, IL, KS, MN, MO, ND, SD, TN, TX and WI...................... Pg. 8 Lease Signings Blackpoint Partners negotiated leases with 5-7-9 Stores for three locations in Puerto Rico....................................... Pg. 10 Lead Sheet Sun Tan City looks to enter the NH, PA and WV markets........ Pg. 14 Space Place........................... Pg. 17
For more news go to: www.dealmakers.net
Supermarkets Expand Nationwide (continued from page one)
Aldi, Inc. trades as Aldi at 1,000 locations nationwide throughout 29 states. The discount supermarkets, offering general grocery items, including vegetables, fish, meats, fruit, deli items, as well as beer and wine, occupy spaces of 15,000 sq.ft. to 16,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout GA, NC, SC and southern VA during the coming 18 months. For more information, contact Todd Bonnett, Aldi, Inc., 1985 Old Union Church Road, Salisbury, NC 28146; 704-642-0023 Ext. 122; Web site: www.aldi.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 (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.
Bag ‘N Save, Inc. trades as Bag ‘N Save at 12 locations throughout NE. The supermarkets, featuring bakery, floral, general merchandise, health and beauty, meat, pharmacy, produce and seasonal departments, occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Helene Shrago, Bag ‘N Save, Inc., 10727 M Street, Omaha, NE 68127; 402-592-7785; Web site: www.bagnsave.net.
Giant Food Stores, LLC trades as Giant and Martin’s at 149 locations throughout MD, PA, VA and WV. The supermarkets occupy spaces of 56,000 sq.ft. to 76,000 sq.ft. in lifestyle, power and strip centers in addition to freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run for terms of 20 years. Major competitors include Acme and Weis. For more information, contact Bill Shrader, Giant Food Stores, LLC, 1149 Harrisburg Pike, Carlisle, PA 17013; 717-240-7576, Fax 717-240-7595.
Golub Corp. trades as Price Chopper at 115 locations throughout CT, MA, NH, NY, PA and VT. The supermarkets occupy spaces of 37,000 sq.ft. to 73,000 sq.ft. in strip centers in addition to freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run for terms of 20 years. Preferred cotenants include Target and Wal*Mart. For more information, contact Don Orlando, Golub Corp., 501 Duanesburg Road, Schenectady, NY 12306; 518-3555000, Fax 518-379-3260.
Dominick’s Finer Foods, Inc. trades as Dominick’s Finer Foods and Dominick’s Fresh Store at 81 locations throughout Chicago, IL. The supermarkets occupy spaces of 55,000 sq.ft. in mixed-use, power and strip centers, in addition to freestanding locations. Growth opportunities are sought throughout the Chicago, IL metropolitan area during the coming 18 months. For more information, contact Lynn Miller, Dominick’s Finer Foods, Inc., 711 Jorie Boulevard, Mailstop 4000, Oak Brook, IL 60523-2246; 630-891-5000, Fax D M 630-891-5720.
BIG LOTS IS AGGRESSIVELY SEEKING NEW
REAL ESTATE OPPORTUNITIES
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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!
Maybe it’s the one-of-a-kind shopping
SITE CRITERIA
experience. Or the unique mix of
20,000 sf - 30,000 sf
brand-name merchandise. Or perhaps
Strip center or freestanding locations
it’s the thrill of the treasure hunt. But one thing’s for sure: Big Lots is
Med. income $35,000 - $60,000
a destination store for millions of
Minimum population of 50,000
value-conscious consumers.
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Who’s Opening and Where Nordstrom, Inc. (206-628-2111) is slated to open a 34,842 sq.ft. Nordstrom Rack location at The Palms at Town & Country, a 400,000 sq.ft. open-air mixed-use center currently under redevelopment on Mills Drive in Kendall, FL. The store, offering offprice apparel and accessories for women, men and children, will join New York & Co., Marshalls, Men’s Wearhouse, Publix and Shaq’s 24 Hour Fitness and is slated to open during the fall. The company will also open a Nordstrom location at a former Lord & Taylor site at St. Louis Galleria in St. Louis, MO during 2011. The opening was originally scheduled for 2010, but was pushed back by the company due to concerns over the slumping economy.
Target Corp. (612-304-6073) is slated to open a 156,000 sq.ft. Target location situated on five acres on Penn Avenue in East Liberty, PA during the first half of 2011. The company will also open a location at a former Lord & Taylor site at Christiana Mall, located in Newark, DE. The store will join Macy’s and JCPenney. Nordstrom is also slated to open a location at the center. The company currently operates 1,600 locations nationwide.
Amphora, LLC (847-518-9000) will combine and relocate an Amphora store and an Amphora Loft store located on North Northwest Highway in Park Ridge, IL to a new location at Shops of Uptown, located at the intersection of Northwest Highway, Prospect Avenue and Touhy Avenue in Park Ridge, during April. The home furnishings store will be four times larger than the original two EXP_AD_5023_dealmaker1208.qxd:Layout locations and will offer furniture, bedding, lighting, rugs and artwork.
Luby’s, Inc. (713-329-6800) is slated to open one to two Luby’s restaurants during the 2009 fiscal year. The company currently operates 120 locations nationwide.
The PNC Financial Services Group, Inc. (412-762-2889) is slated to open 41 PNC Bank locations inside Giant supermarkets throughout DE, MD, VA and Washington DC this year, with more planned during the next 10 years.
Happy Valley Corp. (708-383-2240) will open four Flat Top Grill locations during the first half of this year, including units in Indianapolis, IN and Milwaukee, 1 12/10/08 9:32 AM Page 1 WI. The company currently operates 13 restaurants nationwide.
Santa Fe Holding Co. (615-661-4500) is slated to open 12 Santa Fe Cattle Co. locations nationwide this year. The roadhouse-style restaurant chain, featuring steaks, ribs and fajitas, currently operates 28 locations nationwide throughout seven states. The company recently opened a 5,941 sq.ft. location in Bixby, OK and opened a total of nine locations during 2008. Kohl’s, Inc. (262-703-7000) will open a Kohl’s location at a former Mervyns site at Bayshore Mall in Eureka, CA as part of a plan to open 50 new locations during the 2009 fiscal year. The company is also slated to open a location at Madonna Plaza, located in San Luis Obispo, CA. The company currently operates 1,000 locations throughout 48 states nationwide. Susser Holdings Corp. (361-884-2464) will open two Stripes Convenience Stores locations in Abilene, TX: one on Dub Wright Boulevard and one on Loop 322. The company has also rebranded a Town & Country location at the intersection of Highway 277 and Rebecca Lane/Dub Wright Boulevard in Abilene as a Stripes store. (continued on page nine)
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Buyers and Sellers Mid-America Asset Management is selling a 5,757 sq.ft. LaSalle Bank site with five drive-thru lanes located at the intersection of Randall Avenue and West Wilson Street in Batavia, IL. The tenant is bound to a ground lease set to expire during August 2025 and featuring five, five-year options. The company is also selling a LaSalle Bank site situated on a land area of 19,000 sq.ft. at the intersection of West Madison Street and Oakley Boulevard in Chicago, IL. The tenant is bound to a ground lease set to expire during August 2026 and featuring four, fiveyear options. The company is also selling a Bank of America site situated on a land area of 16,500 sq.ft. at the intersection of Oakton Street and Lee Street in Des Plaines, IL. The tenant is bound to a ground lease set to expire during September 2020 and featuring four, five-year options. The company is also selling a 4,234 sq.ft. Bank of America site located at the intersection of Central Avenue and St. Johns Avenue in Highland Park, IL. The tenant is bound to a lease set to expire during May 2013. The company is also selling a 6,675 sq.ft. LaSalle Bank site in Deerpath Plaza, located at the intersection of East Deerpath Road and Oakwood Avenue in Lake Forest, IL. The tenant is bound to a lease set to expire during November 2016 and featuring one, five-year option. For more information, contact Marget Graham or Mary Beth Menelli, Mid-America Asset Management, One Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630-954-7307/7385, Fax 630-954-7306; Emails: mgraham@midamericagrp.com and mmenelli@midamericagrp.com; Web site: www.midamericagrp.com. Edgemark Commercial Real Estate Services, LLC is selling outlots ranging from one to three acres located at the intersection of Interstate 80 and Ridge Road in Minooka, IL. For more information, contact Al Rodenbostel or Eddie Palacios, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5604/5628, Fax 630-472-1019; Emails: arodenbostel@edgemarkllc.com and epalacios@edgemarkllc.com. Dolphin Partners Group, Inc. is looking to acquire retail properties and projects located throughout Manhattan, NY. Suitable properties feature GLAs above 40,000 sq.ft. and are priced above $20 million. For more information, contact Olympia Hostler, Dolphin Partners Group, Inc., 4 Mountainview Way, Sea Bright, NJ 07760; 732-383-5089; Email: olympiahostler@comcast.net.
Sources of Financing
Jones Lang LaSalle Capital Markets Group is selling Greenbriar Mall, an 807,697 sq.ft. mall situated on 94.5 acres at the intersection of Langford Parkway and Interstate 285 in Atlanta, GA. The center is anchored by Macy’s and Burlington Coat Factory. Tenants include AMC Theatres, Lady Footlocker, Kids Footlocker and Footlocker. Tradearea demographics include a population of 608,497 earning an average household income of $54,124. The NOI is $4.181 million. The asking price is $44 million. For more information, contact Kris Cooper, Margaret Caldwell or Christie Hawver, Jones Lang LaSalle Capital Markets Group, 3344 Peachtree Road Northeast, Suite 1200, Atlanta, GA 30326; 404-995-2271/2270/2273, Fax 312-4169536; Emails: kris.cooper@am.jll.com, margaret.caldwell@am.jll.com and christie.hawver@am.jll.com. Dietz Commercial is selling a 3,900 sq.ft. JP Morgan Chase Bank site situated on 0.486 acres on Lane Avenue in Columbus, OH. The tenant is bound to a 20-year lease with 19 years remaining on the original lease term. The asking price is $2.08 million at a Cap rate of 6.25%. The company is also selling Warren Commons Shopping Center, a 52,772 sq.ft. center located in Warren, PA. The center is shadow-anchored by Wal*Mart Supercenter and Lowe’s Home Improvement. Tenants include Applebee’s, Burger King, Bob Evans and Northwest Bank in outlots. For more information, contact Michael J. Fennessy, Dietz Commercial, 36400 Woodward Avenue, Suite 240, Bloomfield Hills, MI 48304; 248-646-7722; Email: fennessy@dietzcommercial.com; Web site: www.dietzcommercial.com. NAI Houston negotiated the sale of a 1.4acre parcel located at the intersection of Park Row and Snake River in Houston, TX. Frozen Ropes acquired the property from a private seller. The company represented the buyer and Keller Williams represented the seller. For more information, contact Mackenzie Schriber, NAI Houston, 1900 West Loop South, Suite 500, Houston, TX 77027-3218; 713-275-9624. Sea Watch Realty, on behalf of a client, is looking to acquire office, retail and industrial investment properties throughout MA. Suitable properties are fully occupied with tenants bound to NNN leases and priced from $2 million to $15 million. For more information, contact Doug Munro, Sea Watch Realty; 508-748-1100; Email: doug@seawatchrealty.com. (continued on page six) www.dealmakers.net
The
BMC Capital provided a re-finance loan for $1 million for a Jack In The Box location in Tolleson, AZ. The terms included a fiveyear fixed rate and a 25-year amortization schedule. For more information, contact Carl Esrey, BMC Capital; 214-526-7178; Email: cesrey@bmccapital.com; Web site: www.bmccapital.com. Mark One Capital arranged a $5.5 million loan for the re-financing of Brittany Square, a 57,176 sq.ft. shopping center located along West Peoria Avenue in Glendale, AZ. A 10year note was procured at a loan-to-value ratio of 63%, a rate of 6.45% and a 30-year amortization schedule. For more information, contact Kathy Molitor, Mark One Capital; 925-953-1704; Email: kathryn.molitor@markonecapital.com; Web site: www.markonecapital.com. DM
Real Estate Professionals Making the News Colliers Lanard & Axilbund (215-9254600) completed its merger with Markward Group, a brokerage firm formerly based in Allentown, PA. Grubb & Ellis Co. (714-975-2185) hired Steve McClurkin as senior vice president of the company’s Newport Beach, CA office. McClurkin will consult on the company’s lifestyle projects throughout the western U.S. Prior to joining the company, McClurkin served as partner and vice president of leasing for Main + Main, a retail consulting, tenant representation and lifestyle firm. Alcion Ventures (617-603-1000) hired David Ferrero as a partner, Eugene DelFavero as a partner and chief financial officer and Meg Donahue as an associate. Ferrero will be responsible for investment management, investor relations and new business development. Prior to joining the company, Ferrero served as director of real estate investments for Harvard Management Co. and as principal at Charlesbank Capital Partners. DelFavero will be responsible for the financial, accounting and tax oversight of the company’s funds and investments. Prior to joining the company, DelFavero served as managing partner at RJ Gold & Co. Donahue will be responsible for financial and investment analysis and investment management. Prior to joining the company, Donahue served as an associate at The D Praedium Group, LLC. M
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Buyers and Sellers (continued from page five)
CB Richard Ellis|Capital Markets is selling Spring Cypress Shopping Center, a 9,162 sq.ft. center situated on a land area of 37,713 sq.ft. in Spring, TX. The center is 100% occupied and tenants include Mattress Firm, First Cash Advance, T-Mobile and Tuscan Sun Coffee. The NOI is $262,302. The asking price is $3.385 million. For more information, contact Ryan West, CB Richard Ellis|Capital Markets, 2800 Post Oak Boulevard, Suite 2100, Houston, TX 77056; 713-787-1949, Fax 713-787-1998; Email: ryan.west@cbre.com; Web site: www.cbre.com/ryan.west. Richard Development is selling 146 acres of land, located in Houma, LA, suitable for development into a mixed-use center. The company also disposed of a 12,000 sq.ft. outlot located along Martin Luther King Boulevard in Houma, LA. Smoothie King acquired the site and is slated to open a prototype location. Three adjacent outlots are available. The average daily traffic count is 32,000 vehicles. The company also disposed of a 1.263-acre outlot located along Martin Luther King Boulevard in Houma, LA. For more information, contact Henry Richard, Richard Development, 235 South Hollywood Road, PO Drawer 4035, Houma, LA 70360; 985-2236012 Ext. 227, Fax 985-872-9160; Email: henry@richarddevelopment.com; Web site: www.richarddevelopment.com. AEI Fund Management is looking to acquire freestanding single-tenant buildings nationwide. Suitable properties feature tenants bound to NNN leases with at least 10 years remaining on the original lease term and are priced between $2 million and $12 million at Cap rates between 7.5% and 8.5%. For more information, contact George Rerat, AEI Fund Management, 1300 Wells Fargo Place, St. Paul, MN 55101; 651557-7333, Fax 651-227-7705; Email: grerat@aeifunds.com; Web site: www.aeifunds.com. Grubb & Ellis Pacific Realty is selling Plaza 24 Shopping Center, an 8,435 sq.ft. center located along South 24th Street in Omaha, NE. Tenants include U.S. Cellular, H&R Block, ACE Cash Express and SAC Federal Credit Union. The NOI is $159,556. The asking price is $2.1 million at a Cap rate of 7.6%. For more information, contact Adam Marek, Grubb & Ellis Pacific Realty, 1905 Harney Street, Suite 400, Omaha, NE 68102; 402-3455866; Email: amarek@gepacificrealty.com; Web site: www.gepacificrealty.com. page 6
January 16, 2009
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IP Realty, Inc. is selling a 12,900 sq.ft. CVS site situated on 1.56 acres in St. Augustine, FL. The asking price is $5.444 million at a Cap rate of 6.75%. The company is also selling a 12,900 sq.ft. CVS site situated on 1.64 acres in St. Augustine, FL. The asking price is $4.272 million at a Cap rate of 6.85%. The company is also selling an 11,945 sq.ft. CVS site situated on 1.445 acres in Gun Barrel City, TX. The asking price is $3.529 million at a Cap rate of 7%. For more information, contact Eric Yefet, IP Realty, Inc., 580 Broadway, Suite 1107, New York, NY 10012; 646-278-4637, Fax 212-226-1972; Email: eric@ipnyc.com. Grand Capital Advisors, LLC is selling Congress Crossings, a 30,817 sq.ft. center situated on 2.68 acres at the intersection of Massachusetts Avenue and Congress Street in New Port Richey, FL. The center is 80% occupied and shadow-anchored by Sweetbay Grocery. Tenants include Sweetbay Liquor, Family Dollar, Subway, H&R Block, ACE Cash Express, Fantastic Sams, Goin’ Postal and Premier Dental. Tenants are bound to NNN leases. The NOI is $264,792. The asking price is $3.65 million at a Cap rate of 7.25%. For more information, contact Dugagjin Zejnullahu, Grand Capital Advisors, LLC, 3000 Gulf to Bay Boulevard, Suite 302, Clearwater, FL 33759; 727-799-7200, Fax 727-213-6276; Email: dugagjin@grandca.com. Interstate Realty and Development is selling a 24,000 sq.ft. center located in Hickory, NC. The center is anchored by Maurices, rue21 and Shoe Show, and shadow-anchored by Wal*Mart, Lowe’s Home Improvement and Sam’s Club. The NOI is $344,000. The asking price represents a Cap rate of 7.6%. For more information, contact Brett Greene, Interstate Realty and Development, 2151 Volunteer Parkway, Bristol, TN 37620; 423-968-5971, Fax 423-764-9121; Email: brettg@ira-realty.com. Millennium Properties Real Estate, Inc. is selling a 3.52-acre parcel located at the intersection of Sherman Avenue, Lincoln Street, Colfax Street and Orrington Avenue in Evanston, IL. The company is also selling a 46,750 sq.ft. development parcel located at the intersection of 33rd Street and King Drive in Chicago, IL. The asking price is $3.5 million. For more information, contact Daniel J. Hyman, Millennium Properties Real Estate, Inc., 20 South Clark Street, Suite 630, Chicago, IL 60603; 312-338-3003; Email: dhyman@mpirealestate.com.
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Marcus & Millichap is selling a 9,180 sq.ft. Family Dollar site located along South Main Street in Rockford, IL. The tenant is bound to a 10-year NN lease begun this month with four, five-year options. The asking price is $1 million at a Cap rate of 8%. For more information, contact Mike Albright, Marcus & Millichap, 333 West Wacker Drive, Suite 200, Chicago, IL 60606; 312-327-5400 Ext. 5488, Fax 312-327-5410; Email: malbright@marcusmillichap.com. Point ONE Commercial Real Estate is selling an 11.2-acre development parcel located along Ford Street in Beloit, WI. The average daily traffic count is 65,000 vehicles. The asking price is $2.4 million. For more information, contact Gary Seidel, Point ONE Commercial Real Estate, 2115 West Collingswood Drive, Beloit, WI 53511; 608-362-8598, Fax 608-362-6383; Email: grseidel@charter.net; Web site: www.agencynet.us. Vanguard-Fine, LLC is selling a 0.6-acre parcel located along Route 44/Dutchess Turnpike in Poughkeepsie, NY. The parcel is adjacent to a Walgreens slated to open this year. The asking price is $895,000. For more information, contact Paul Bulmer, Vanguard-Fine, LLC, 2050 Western Avenue, Suite 201, Guilderland, NY 12203; 518-862-0861 Ext. 203, Fax 518-867-3082; Email: pbulmer@vanguardfine.com; Web site: www.vanguardfine.com. Kushner Realty, Inc. is selling Sumner Plaza, an 8,006 sq.ft. center situated on a land area of 33,977 sq.ft. along Sumner Avenue in Springfield, MA. The asking price is $645,000 at a Cap rate of 10.49%. For more information, contact Bob Kushner, Kushner Realty, Inc., 203 Circuit Avenue, West Springfield, MA 01089; 413-737-2131; Email: bkushner@kushnerrealtyinc.com. Holliday Fenoglio Fowler, LP is selling a portfolio of strip centers located throughout the greater Houston, TX metropolitan area. The combined GLA is 256,265 sq.ft. For more information, contact Rusty Tamlyn or Mike Parker, Holliday Fenoglio Fowler, LP, 9 Greenway Plaza, Suite 700, Houston, TX 77046; 713-8523561/3444; Emails: rtamlyn@hfflp.com and D mparker@hfflp.com. M
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New Construction Eastern Retail Properties is preleasing Greenfield Crossing, a 156,755 sq.ft. center located along Route 2 in Greenfield, MA. Spaces of 5,520 sq.ft.; 26,000 sq.ft. and 125,235 sq.ft. are available. Area retail includes Stop & Shop, Food City and Rite Aid. Area demographics include a population of 88,610 within a 15-mile radius earning a median household income of $46,733. The average daily traffic count is 16,000 vehicles. The center is slated to open during the fall. The company is also redeveloping North Adams Plaza, a 159,500 sq.ft. center located along Route 8 in North Adams, MA. Lowe’s Home Improvement anchors the center and a 4,500 sq.ft. pad site is available. Area retail includes Rite Aid, Peebles, Staples, Big Y Supermarket, CVS and Wal*Mart. Area demographics include a population of 66,856 within a 15-mile radius earning a median household income of $44,315. The average daily traffic count is 18,067 vehicles. The company is also developing a center located at the intersection of Route 9/Russell Street and North Maple Street in Hadley, MA. Area retail includes McDonald’s, Wendy’s, AT&T Mobility, KFC, Burger King, Manny’s TV & Appliance, Target, JCPenney, Cinemark, Dick’s Sporting Goods, Best Buy, Trader Joe’s and Staples in addition to proposed Home Depot, Kohl’s, Bed Bath & Beyond and Petco locations. Area demographics include a population of 78,616 within a seven-mile radius earning a median household income of $54,899. The average daily traffic count is 22,500 vehicles. The center is slated to open during the fall. For more information, contact Mike Hotarek, Eastern Retail Properties, One Gateway Center, Suite 611, Newton, MA 02458; 617-630-1187, Fax 617-630-1190; Email: mhotarek@easternretail.com; Web site: www.easternretail.com. Madison Marquette is preleasing Richwood Village, a mixed-use project featuring a 600,000 sq.ft. retail compartment in addition to a 200,000 sq.ft. medical and office component and a 1,200-unit residential component located at the intersection of Route 55 and Route 322 in Harrison Township, NJ. Area retail includes Kmart, Acme and ShopRite. Area demographics include a population of 334,972 within a 10-mile radius earning an average household income of $75,961. The company is also redeveloping Marketfair, a 242,000 sq.ft. lifestyle center located along Route 1 in Princeton, NJ. Cotenants include Anthropologie, Smith & Hawken, Janie and Jack, Chico’s, Pottery Barn, White House|Black Market, Williams-Sonoma, Jos. A. Bank, Barnes & Noble, Restoration Hardware, P.F. Chang’s and Big Fish Seafood Bistro. Area demographics include a population
of 100,218 within a five-mile radius earning an average household income of $145,800. The center will undergo redevelopment throughout the year. The company is also preleasing Shoppes at Marville, a mixed-use project located along Route 3 in Newtown Square, PA. The development includes a 300,000 sq.ft. retail component along with hospitality and performing arts components. Cotenants include American Eagle Outfitters, Ann Taylor, Banana Republic, Barnes & Noble, Brooks Brothers, Chico’s, Coldwater Creek, J. Crew, J. Jill, McCormick & Schmick, Orvis, P.F. Chang’s, REI, White House|Black Market and Williams-Sonoma. Area demographics include a population of 822,086 within a 10-mile radius earning an average household income of $91,084. The center is slated to open during the spring of 2010. For more information, contact Madison Marquette, 1717 Arch Street, Suite 3930, Philadelphia, PA 19103; 215-399-5600. O&S Holdings, LLC is developing Bridge Street Town Centre, a mixed-use lifestyle development located at the intersection of Interstate 55 and Interstate 80 in Will County, IL. The project includes a 1.5 million sq.ft. retail component, a 600,000 sq.ft. office component and a 600-unit residential component. Tradearea demographics include a population of one million earning an average household income of $78,547. The center is slated to break ground this year. The company is also preleasing Bridge Street Town Centre, a one million sq.ft. mixeduse development being constructed in phases at the intersection of U.S. 75 and Highway 121 in McKinney, TX. The project includes a 450,000 sq.ft. retail component, a 200,000 sq.ft. office component, a 221-unit hospitality component and a 100,000 sq.ft. community college, in addition to a convention center. Area demographics include a population of 129,000 within a five-mile radius earning an average household income of $107,000. The first phase is slated to open this year. The company is also developing Marketplace at El Paseo, a two million sq.ft. mixed-use center situated on 228 acres at the intersection of 99 Freeway and Herndon Avenue in Fresno, CA. Phase one is a 700,000 sq.ft. power center and additional phases include office, entertainment and hospitality components. Area retail includes a proposed Wal*Mart and a proposed Lowe’s Home Improvement. Area demographics include a population of 751,992 within a 15mile radius earning an average household income of $75,721. The center is slated to break ground during this year. For more information, contact O&S Holdings, LLC, 9247 Alden Drive, Beverly Hills, CA 90210; 310-207-8600, Fax 310-207-2288; Web site: www.osholdings.com. www.dealmakers.net
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Vornado Realty Trust is redeveloping a 219,178 sq.ft. center at the intersection of U.S. Highway 22 and West End Avenue in North Plainfield, NJ. Spaces of 3,200 sq.ft.; 4,000 sq.ft.; 5,100 sq.ft. and 10,666 sq.ft. are available. The center is anchored by Kmart, Pathmark and Circuit City. Area retail includes BJ’s Wholesale Club, Home Depot, Kohl’s, Target and Wal*Mart. Area demographics include a population of 868,325 within a 10-mile radius earning an average household income of $106,569. For more information, contact Vornado Realty Trust, 210 Route 4 East, Paramus, NJ 07652; 201-587-1000, Fax 201-708-6206; Web site: www.vno.com. The Wilder Cos. is preleasing Gloucester Crossing, a 200,000 sq.ft. center located along Route 128 in Gloucester, MA. Market Basket anchors the center and cotenants include Marshalls and Staples. Tradearea demographics include a population of 150,000 earning an average household income of $98,996. The average daily traffic count is 35,000 vehicles. The company is also preleasing Estero Crossing, a 310,000 sq.ft. center located along Corkscrew Road in Estero, FL. Area retail includes International Design Center, in addition to proposed Lowe’s Home Improvement and Miromar Outlets, Gulf Coast Town Center and Coconut Point developments Area demographics include a population of 122,572 within a 10-mile radius earning an average household income of $81,685. The average daily traffic count is 26,100 vehicles. For more information, contact The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-247-9200, Fax 617-2474044; Web site: www.wilderco.com. Colliers Bennett & Kahnweiler, Inc., with Colliers Down & Condon, is preleasing Gateway Commons at Stewart, a 507,708 sq.ft. mixed-use center situated on 84.46 acres along New York State Route 17K in Newburgh, NY. The project features retail, office and hospitality components and retail spaces from 2,780 sq.ft. to 68,828 sq.ft. are available. Area demographics include a population of 54,963 within a five-mile radius earning an average household income of $73,313. The average daily traffic count is 24,602 vehicles. For more information, contact Marc Feder or Lisa Vela, Colliers Bennett & Kahnweiler, Inc., 4643 South Ulster Street, Suite 1000, Denver, CO 80237; 303-283-4598/4575, Fax 303745-5888; Emails: mfeder@colliersb-k.com and lvela@colliersb-k.com; Web site: www.colliersb-k.com. Or, John J. Cafasso, Colliers Dow & Condon; 860-249-6521; D Email: cafasso@dowcondon.com. M
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Food Retailers Expand Nationwide Kahala Corp. trades as Johnnie’s New York at 15 locations throughout CA. The Italian restaurants, offering pizza, pastas and sandwiches, occupy spaces of 750 sq.ft. to 2,000 sq.ft. in malls and power and strip centers. Plans call for 40 openings nationwide during the coming 18 months. The company also trades as Ranch1 at 28 locations throughout AZ, CT, IL, MD, NC, NJ, NY, TN, TX, VA, WA and Washington, DC. The quickservice restaurants, featuring gourmet grilled chicken dishes, occupy spaces of 750 sq.ft. to 1,200 sq.ft. in malls and power and strip centers, in addition to freestanding locations. Plans call for 10 openings throughout the southern and eastern regions during the coming 18 months. Typical leases run 10 years. The company will consider build-tosuit opportunities. Preferred demographics include a population of 55,000 within three miles. The company also trades as Samurai Sam’s Teriyaki Grill at 90 locations throughout AZ, CA, CO, IA, IL, MD, MO, MT, NE, NV, NY, OH, OR, TX, UT and WA. The Japanese restaurants occupy spaces of 700 sq.ft. in office buildings, malls and power and strip centers, and 2,000 sq.ft. in freestanding locations. Growth opportunities are sought nationwide during the coming 18 months. Preferred demographics include a population of 45,000 within three miles. The company also trades as Surf City Squeeze at 183 locations nationwide. The smoothie shops occupy spaces of 150 sq.ft. in malls and 400 sq.ft. in power and strip centers. Plans call for 60 openings nationwide during the coming 18 months. The company also trades as The Great Steak & Potato Co. at 225 locations nationwide. The restaurants, serving steak sandwiches and baked potatoes, occupy spaces of 650 sq.ft. to 1,600 sq.ft. in freestanding locations, malls and lifestyle, power and strip centers. Plans call for 60 openings nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include grocery and drug stores. Preferred demographics include a population of 125,000 within three miles. Competitors include Steak Escape and Charley’s Steaks. The company is franchising. For more information, contact Jerry Conklin, Kahala Corp., 9311 East Via de Ventura, Scottsdale, AZ 85258; 480362-4800; Fax 480-362-4811; Email: jmconklin@kahalacorp.com; Web site: www.kahalacorp.com. Dunn Bros. Coffee Franchising, Inc. trades as Dunn Brothers Coffee at 97 locations throughout IA, IL, KS, MN, MO, ND, SD, TN, TX and WI. The specialty coffee shops page 8
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occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in freestanding locations, malls and entertainment, specialty, strip and tourist centers, in addition to urban/downtown areas. Plans call for 25 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Major competitors include Starbucks, Caribou Coffee and It’s A Grind. The company is franchising. For more information, contact Scott Mason, Dunn Bros. Coffee Franchising, Inc., 111 3rd Avenue South, Suite 220, Minneapolis, MN 55401; 612-877-3603, Fax 612-334-9749; Email: realestate@dunnbros.com; Web site: www.dunnbros.com. Padow’s Hams and Deli, Inc. trades as Padow’s Hams and Deli at 12 locations throughout VA. The shops occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout GA, NC, NV, SC and VA during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Lord & Taylor. Preferred demographics include a population of 350,000 within 10 miles earning $50,000 as the average household income. For more information, contact Sidney Padow, Padow’s Hams and Deli, Inc., 9864 West Broad Street, Circuit City Plaza Shopping Center, Glen Allen, VA 26060; 804-965-6262, Fax 804-965-9888; Email: sidney@padows.com; Web site: www.padows.com. Grill Concepts, Inc. trades as Daily Grill and The Grill on The Alley at 32 locations throughout CA, IL, MA, MD, OR, TX, VA, WA and Washington, DC. The restaurants occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in freestanding locations, hotels, malls, office buildings and mixed-use and specialty centers. Growth opportunities are sought throughout major metropolitan markets in AZ, CA, FL, IL, Boston, MA; MD, NV, TX, VA and Washington, DC during the coming 18 months. Typical leases run 15 years with options. Specific improvements are required. For more information, contact Robert Chais, Grill Concepts, Inc., PO Box 2546, El Segundo, CA 90245; 310-726-1139, Fax 310-726-1140; Email: robertchais@aol.com; Web site: www.dailygrill.com. Frisch’s Restaurants, Inc. trades as Frisch’s Big Boy and Golden Corral at 126 locations throughout IN, KY, OH, PA and WV. Frisch’s Big Boy restaurants occupy spaces of 5,700 sq.ft. and Golden Corral restaurants occupy spaces of 11,000 sq.ft. in freestanding
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locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with four, five-year option. For more information, contact Jim Horwitz, Frisch’s Restaurants, Inc., 2800 Gilbert Avenue, Cincinnati, OH 45206-1206; 513-559-5300, Fax 513-559-5303; Email: jim.horwitz@frischs.com; Web site: www.frischs.com. Billy Goat Tavern operates eight locations throughout IL. The restaurants occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout San Diego, CA; IL, NY and Washington, DC during the coming 18 months. For more information, contact Sam Sianis, Billy Goat Tavern, 430 North Michigan Avenue, Chicago, IL 60611; 312222-1525, Fax 312-670-9013; Web site: www.billygoattavern.com. Mamma Ilardo’s Corp. trades as Mamma Ilardo’s Pizzeria at 27 locations throughout CA, MD, NV, NY, OH, VA and Washington, DC. The pizzerias, offering calzones, salads and pastas, occupy spaces of 400 sq.ft. to 1,900 sq.ft. in malls and entertainment, lifestyle, outlet and tourist centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. The company is franchising. For more information, contact Harry Ilardo, Mamma Ilardo’s Corp., 28 Allegheny Avenue, Suite 1207, Towson, MD 21204; 410-296-9104, Fax 410-296-9156; Email: harry@mammailardos.com. Marco’s Franchising, LLC trades as Marco’s Pizza at 178 locations throughout AL, AZ, FL, GA, IA, IN, MI, NC, OH, OK, TN, VA and WI. The pizzerias occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with a 10-year option. A vanilla shell is required. Preferred demographics include a population of 15,000 within two miles earning $65,000 to $85,000 as the average household income. Major competitors include Domino’s Pizza, Papa John’s and Pizza Hut. The company is franchising. For more information, contact Bryon Stephens, Marco’s Franchising, LLC, 5252 Monroe Street, Toledo, OH 43623; 419885-7000, Fax 419-885-5215; Email: bstephens@marcos.com; Web site: www.marcos.com. DM
Who’s Opening and Where (continued from page four)
Tesco Plc (310-384-3833) is slated to open two to three new Fresh & Easy Neighborhood Market locations per week nationwide this year. The company, which had planned to open a greater number of locations during the first half of the year, has scaled back its expansion plans due to economic concerns. Club Kid’doo (973-746-4600) is slated to open a location in Glenmont Square, located on Bloomfield Avenue in Montclair, NJ, during March. The children’s learning center, offering tutoring as well as arts and recreational activities, will join Panera Bread and 7-Eleven at the center. Hobby Lobby Stores, Inc. (405-745-1100) will open a 55,000 sq.ft. Hobby Lobby location at The Falls at Independence, a 300,000 sq.ft. center located at the intersection of Interstate 70 and Interstate 470 in Independence, MO during October. The opening will replace an existing location on Noland Road in Kansas City, MO. Mardel (405-745-1300) also plans to open a 25,000 sq.ft. location at the center during October. The stores will join Bass Pro Shops at the center.
The Neiman Marcus Group, Inc. (214-7437600) plans to open three Last Call locations during the 2009 fiscal year. The company recently opened a Last Call store in Deer Park, NY. The company currently operates 25 clearance stores nationwide. Walgreens Co. (847-914-2500) is slated to open a 14,820 sq.ft. Walgreens location at Mendota Plaza, a 54,983 sq.ft. center in Mendota Heights, MN, during the spring of 2010. Helzberg Diamond Shops, Inc. (816842-7780) is slated to open a 2,612 sq.ft. Helzberg Diamonds location on West Broad Street in Richmond, VA. The diamond and fine jewelry retailer currently operates 270 locations nationwide. The Kroger Co. (513-762-4000) will open a Kroger location at The Corner at Short Pump, a mixed-use center situated on 41 acres at the intersection of West Broad Street and Lauderdale Drive in Richmond, VA, by the spring of 2010. The opening, originally slated for November, has been scaled back due to construction delays at the center.
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Lowe’s Cos, Inc. (704-758-1000) is slated to open a 140,000 sq.ft. Lowe’s Home Improvement location with a 33,000 sq.ft. outdoor garden center and a 41,500 sq.ft. lumber center on a 50-acre parcel on East Wilder Road in Monitor Township, MI, as part of a plan to open between 75 and 85 locations during 2009. The company currently operates 1,600 home improvement stores nationwide and throughout Canada. Whole Foods Market, Inc. (512-477-4455) has pushed back the opening of a 44,000 sq.ft. Whole Foods Market location in Basalt, CO, previously scheduled to open during June 2009. Highmark Inc. (412-544-7000) is slated to open a 3,200 sq.ft. Highmark Direct location at Silver Springs Square Shopping Center, located in Mechanicsburg, PA, during the early part of this year. Papa Joe’s Gourmet Market (248-7239400) is slated to open a location at 12 Mile Crossing at Fountain Walk, a 737,000 sq.ft. center located in Novi, MI, during the summer. The upscale grocery will join Rojo, Bar Louie and Fusion. DM
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Lease Signings Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated a lease with Jimmy John’s for 1,680 sq.ft. on West Clairemont Avenue in Eau Claire, WI. The company represented the tenant in the transaction. The company also negotiated a lease with Travel Leaders for 1,825 sq.ft. at Marketplace at Pabst Farms, located on Pabst Farms Circle in Oconomowoc, WI. The company represented the landlord, Pabst Farms Market Place, LLC, in the transaction. The company also negotiated a lease with Tazino’s for 4,000 sq.ft. at Shoppes at Prairie Ridge, located at the intersection of Highway 50 and 104th Street in Pleasant Prairie, WI. The company represented the landlord, GBMA Pleasant Prairie, LLC, in the transaction. The company also negotiated a lease with KM Sports for 4,840 sq.ft. at Silvernail Shopping Center, located on Silvernail Road in Waukesha, WI. The company represented the landlord, Waukesha Retail, LLC, in the transaction. The company also negotiated a lease with Buffalo Wild Wings, for 5,860 sq.ft. at Crossroads of Janesville, located at the intersection of Highway 26 and Highway 14 in Janesville, WI. The company represented the tenant in the transaction.
Lakritz-Weber & Co. (248-353-9494) negotiated the following leases with Passport Pizza: at the intersection of 24 Mile Road and Garfield Road in Macomb Township, MI, with the company representing the landlord, Dominic 24 Mile Properties, LLC, and Core Commercial Real Estate representing the tenant, and at 27 Village Center, located at the intersection of 27 Mile and Gratiot Avenue in New Haven, MI, with the company representing the landlord, 27 Village Center, LLC, and Core Commercial Real Estate representing the tenant. The company represented the landlord, Woodward Place, LLC, in the transaction. The company also negotiated a lease with Jimmy John’s for space at Fisk Corners, located at the intersection of M-59 and Fisk Road in White Lake Township, MI. The company represented the tenant in the transaction. Arizona Retail Advisors, LLC (602-476-0700) negotiated a five-year lease with T-Mobile for 1,056 sq.ft. at Fountain Square, a center located at the intersection of 7th Street and Bell Road in Phoenix, AZ. The company represented the landlord, Lakna Properties – Phoenix, LLC, in the transaction.
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Main Street Property Services, Inc. (925299-8170) negotiated a lease with Tutti Frutti for 1,202 sq.ft. at a mixed-use lifestyle center located on Camino Ramon in Danville, CA. The company represented the landlord, Rose Garden Associates Danville, LLC, and Re/Max Accord represented the tenant. Think Retail (514-731-7936) negotiated the following leases on behalf of American Apparel in Canada: for 2,000 sq.ft. at West Edmonton Mall in Edmonton, Alberta; for 2,300 sq.ft. at Sherway Gardens in Toronto, Ontario; for 2,300 sq.ft. at Market Mall in Calgary, Alberta; for 2,000 sq.ft. at The Promenades Shopping Centre in Toronto, Ontario and for 3,300 sq.ft. at Carrefour Laval in Laval, Quebec. The company represents the tenant exclusively in its expansion within malls and lifestyle centers throughout Canada. Blackpoint Partners (212-371-2626) negotiated the following leases with 5-7-9 Stores in Puerto Rico: for 3,118 sq.ft. at San Lorenzo Shopping Center in San Lorenzo; for 2,976 sq.ft. at Caguas Community Center in Caguas and for 5,000 sq.ft. in Dorado Del Mar Shopping Center in Dorado. The San Lorenzo and Caguas locations are slated to open during the spring with the Dorado D location opening later this year. M
Lead Sheet Griffin 88 Stores, Inc. dba Hi-Lites Todd Griffin PO Box 88 Polkton, NC 28135 704-272-8021, Fax 704-272-8028
Apparel The 15-unit chain operates locations throughout NC and SC. The stores, selling women’s and junior’s sportswear at popular price points, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in strip centers and downtown/urban locations. Plans call for two openings throughout the existing markets during the coming 18 months.
Sheplers, Inc. dba Sheplers Jim Ritter 6501 West Kellogg Drive Wichita, KS 67209 316-946-3838, Fax 316-946-3730 Web site: www.sheplers.com
Apparel The 18-unit chain operates locations throughout AZ, CO, KS, MO, NV, OK, TX and UT. The clothing stores occupy spaces of 35,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Belron Canada dba Speedy Glass Lena Marie Barras 8288 Pie-IX Boulevard Montreal, Quebec, Canada H1Z 3T6 514-593-7000, Fax 514-593-2210 Email: lbarras@belroncanada.com Web site: www.belroncanada.com
Automotive The 150-unit chain operates locations throughout Canada. The stores, offering windshield repair and replacement, auto glass and accessories, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in auto malls and freestanding locations. Growth opportunities are sought throughout the greater Toronto, Ontario and north Vancouver, British Columbia areas of Canada during the coming 18 months.
Discount Tire Co. dba Discount Tire Co. and America’s Tire Co. James Silhasek 20225 North Scottsdale Road Scottsdale, AZ 85255 480-606-5828, Fax 480-606-4361 Web site: www.discounttire.com
Automotive The 700-unit chain operates locations in 20 states throughout the Midstates, South and West. The tire dealers occupy spaces of 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run for terms of 20 years.
Genuine Parts Co. dba NAPA Auto Parts Karl Koenig 2999 Circle 75 Parkway Atlanta, GA 30339 770-953-1700 Web site: www.genpt.com
Automotive The 5,800-unit chain operates locations nationwide. The stores, selling auto parts and accessories, occupy spaces of 6,000 sq.ft. in freestanding locations. Plans call for 40 openings nationwide during the coming 18 months. A land area of one acre is required. Typical leases run for terms of five years. A vanilla shell is required. Major competitors include AutoZone, Advance Auto and O’Reilly’s. The company is franchising.
Super-Lube John Theisen c/o Site Locaters, Inc. 720 Main Street Mukwonago, WI 53149 Fax: 262-363-3838
Automotive The 60-unit chain operates locations throughout AL, FL, IL, IN, MI, MN and WI. The automotive service centers, featuring 10-minute oil changes, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in lifestyle and power centers and freestanding locations. Growth opportunities are sought throughout the Midwest and southwestern FL during the coming 18 months, with representation by Site Locaters, Inc. Typical leases run for terms of 10 years. Specific improvements are required. Preferred cotenants include Target. Major competitors include Grease Monkey. The company is franchising.
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Lead Sheet Shop N Go, Inc. John Shahady or Jim Shahady 405 North Palm Avenue Fresno, CA 93701 559-485-4320, Fax 559-485-4325
Convenience The 10-unit chain operates locations throughout CA. The convenience stores with gasoline facilities occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations and specialty centers. Plans call for two to three openings throughout central CA during the coming 18 months. A land area of 60,000 sq.ft. to 80,000 sq.ft. is required. A vanilla shell is required. The company prefers to locate in areas with high daily traffic counts and is franchising.
Drug Fair Group, Inc. dba Drug Fair and Cost Cutters Lowell Rader 800 Cottontail Lane Somerset, NJ 08873 732-748-8900, Fax 732-748-7200
Discount The 52-unit chain operates locations throughout NJ. The pharmacies, also featuring general merchandise and seasonal items, occupy spaces of 25,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run for terms of 15 years with options. Preferred demographics include a population of 10,000 within a one-mile radius earning an average household income of $75,000.
Agemy Family Corp. dba Quality Plus Cleaners Hass Agemy 9945 Race Track Road Tampa, FL 33626 813-925-0900, Fax 813-925-8424 Email: qualitypluscleaners@yahoo.com Web site: www.qpcleaners.com
Dry Cleaners The 22-unit chain operates locations throughout Tampa Bay, FL. The dry cleaners occupy spaces of 800 sq.ft. to 1,000 sq.ft. in endcaps and freestanding locations. Plans call for five openings throughout Hillsborough, Pasco, Pinellas and Tampa Bay, FL during the coming 18 months. Typical leases run for terms of three years. A vanilla shell is required. Preferred cotenants include Starbucks. Major competitors include McNotts Cleaners.
Hollywood Theaters 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 18-unit chain operates locations throughout AZ, CA, FL, HI, MO, MT and NV. The movie theaters occupy spaces of 40,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout NJ and PA during the coming 18 months, with representation by Legend Properties, Inc. A land area of seven acres is required for freestanding locations. Preferred demographics include a population of 150,000 within a five-mile radius.
New York Sports Clubs James Aug c/o RS Aug Real Estate, LLC 2 Hudson Place, Third Floor Hoboken, NJ 07030 201-533-9100 Email: jaug@rsaug.com
Fitness The 135-unit chain operates locations in metropolitan areas throughout MA, NJ, NY, PA and Washington, DC. The fitness centers occupy spaces of 16,000 sq.ft. to 34,000 sq.ft. in inline spaces and freestanding locations. Growth opportunities are sought throughout central and northern NJ, with representation by RS Aug Real Estate, LLC.
Weight Watchers Joy Hurtig c/o May Realty Advisors 15206 Ventura Boulevard, Suite 302 Sherman Oaks, CA 91403 818-322-4646, Fax 818-905-7559 Web site: www.mayrealtyadvisors.com
Fitness/Health The fitness chain operates locations nationwide and internationally. The weight-loss centers occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in inline spaces of lifestyle and power centers. Growth opportunities are sought throughout northern CA, from Orange County up, excluding San Diego and Sacramento counties, during the coming 18 months, with representation by May Realty Advisors.
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Lead Sheet Sally Beauty Supply Greg Batista c/o Pliskin Realty & Development, Inc. 179 Westbury Avenue Carle Place, NY 11514 516-997-0100 Ext. 314, Fax 516-997-7225 Email: gbatista@pliskinrealty.com Web site: www.sallybeauty.com
Hair The 2,726-unit chain operates locations nationwide. The hair salons occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in inline spaces of power and strip centers. Growth opportunities are sought throughout Brooklyn, Melville, North Shore Nassau, Queens, Riverhead and Staten Island, NY during the coming 18 months, with representation by Pliskin Realty & Development, Inc. The company prefers to locate in anchored centers with GLAs above 100,000 sq.ft.
La-Z-Boy, Inc. dba La-Z-Boy David Baratta 1284 North Telegraph Road Monroe, MI 48162 734-242-1444 Ext. 4856, Fax 734-457-2448 Email: david.baratta@la-z-boy.com Web site: www.la-z-boy.com
Home Furnishings The 340-unit chain operates locations nationwide. The home furnishing stores, offering recliners, chairs, sofas, sectionals, tables and home décor items, occupy spaces of 12,500 sq.ft. to 18,000 sq.ft. in freestanding locations and lifestyle and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run for terms of 10 years. Specific improvements are required. Preferred cotenants include Bed, Bath & Beyond, Home Depot, Lowe’s Home Improvement, Target and Best Buy. Preferred demographics include a population of 200,000 within a 15-mile radius earning an average household income of $65,000. Expansion is limited during the coming 18 months.
Bellmore Corp. dba Ace Hardware of Long Island Stuart Kramer c/o First Development Corp. Realty 1328 Motor Parkway Hauppauge, NY 11749 631-234-3200 Email: sk@fdcrealty.com
Home Improvements The 15-unit chain operates locations throughout NY. The home improvement stores occupy spaces of 12,000 sq.ft. to 30,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout Long Island and Queens, NY during the coming 18 months, with representation by First Development Corp. Realty.
Jared – The Galleria of Jewelry John Dennis c/o Corporate Realty Advisors 92 High Street, Suite 1 Medford, MA 02155 781-396-5400, Fax 781-396-0888 Email: jd@cra-boston.com Web site: www.jared.com
Jewelry The 154-unit chain operates locations nationwide. The jewelry stores occupy spaces of 5,900 sq.ft. in freestanding locations. Growth opportunities are sought throughout New England during the coming 18 months, with representation by Corporate Realty Advisors.
Tietgens Enterprises dba Super Wash Ed Tietgens 5145 Walnut Park Drive Brentwood, TN 37027 615-373-0769, Fax 615-373-7325
Service The two-unit chain operates locations throughout central TN. The car washes occupy spaces of 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in areas with high daily traffic counts.
World Class Footwear dba Battaglia, Battaglia Outdoors and Balizza Barry Hanna 8871 Southwest 132nd Street Miami, FL 33176 800-994-7463, Fax 305-252-7460 Email: hannabarry@aol.com
Shoes The seven-unit chain operates locations throughout FL. The shoe stores occupy spaces of 1,700 sq.ft. to 8,000 sq.ft. in specialty centers, malls and freestanding locations. Growth opportunities are sought throughout FL and GA during the coming 18 months.
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Dealmakers
January 16, 2009
page 13
Lead Sheet Relax The Back Ryan D. Glastein c/o The Goldstein Group 45 Eisenhower Drive Paramus, NJ 07652 201-703-9700 Ext. 26, Fax 201-703-9678 Email: rglastein@thegoldsteingroup.com Web site: www.thegoldsteingroup.com
Specialty The 150-unit chain operates locations nationwide. The stores, selling posture and back support products including mattresses, chairs and pillows, occupy spaces of 2,200 sq.ft. to 4,500 sq.ft. in freestanding locations, shopping centers and central business districts. Growth opportunities are sought throughout northern NJ during the coming 18 months, with representation by The Goldstein Group. Preferred trade-area demographics include a population earning an average household income of $85,000.
Sun Tan City Rick Kueber 110 Chase Way, Suite 5 Elizabethtown, KY 42701 270-765-7400, Fax 270-765-7909 Email: rick@suntancity.com Web site: www.suntancity.com
Specialty The 74-unit chain operates locations throughout IN, KY, ME and TN. The upscale tanning salons occupy spaces of 2,400 sq.ft. to 3,400 sq.ft. in lifestyle, power and strip centers. Growth opportunities are sought throughout the existing markets, in addition to NH, PA and WV during the coming 18 months. Typical leases run for terms of five years. A vanilla shell is required. Preferred cotenants include Target, Panera Bread, Starbucks and grocery stores. Preferred demographics include a population of 20,000 within a three-mile radius earning an average household income of $40,000.
Dick’s Sporting Goods Tom Rettaliata c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: trettaliata@ripcony.com Web site: www.ripcony.com
Sporting Goods The 300-unit chain operates locations nationwide. The sporting goods stores, selling sporting goods, athletic apparel, casual apparel and footwear, occupy spaces of 40,000 sq.ft. to 55,000 sq.ft. in power centers, malls and freestanding locations. Growth opportunities are sought throughout Long Island, NY during the coming 18 months, with representation by Ripco Real Estate.
Stockings to Stuf, Inc. dba Stockings to Stuf Eric Gardner 1117 Delsea Drive, Box 184 Westville, NJ 08093 856-848-1441, Fax 856-384-8806
Temporary Tenant The 40-unit chain operates seasonal locations throughout the East Coast. The stores, featuring stockings and holiday decorations, occupy spaces of 80 sq.ft. to 100 sq.ft. in kiosks and carts at regional malls. Growth opportunities are sought throughout the existing market during the coming 18 months.
Costco Wholesale Mike Stratis c/o Northwest Atlantic Real Estate Services/ Intrepid Properties 2311 West 22nd Street, Suite 208 Oak Brook, IL 60523 630-575-8338 Ext. 10, Fax 630-575-8388
Wholesale Club The 512-unit chain operates locations nationwide and throughout Canada. The membersonly warehouse clubs, featuring candy, snack foods, tobacco, alcoholic and nonalcoholic beverages, cleaning and institutional supplies, appliances, electronics, health and beauty aids, hardware, office supplies, garden and patio, sporting goods, furniture, automotive supplies, dry and institutionally-packaged foods, apparel, domestics, jewelry, housewares, media, home furnishings, electronics, and pharmacy departments, occupy spaces of 150,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the Midwest during the coming 18 months, with representation by Northwest Atlantic Real Estate Services/Intrepid Properties.
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 14
January 16, 2009
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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
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Arkansas
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Conway – I-40 Showroom Center, a 10,000 sq.ft. strip center located on Highway 64, has a 5,000 sq.ft. space available along with two spaces of 2,500 sq.ft. Cotenants include Bedding Mart. Area retail includes Conway Commons, featuring Kohl’s, Belk, Home Depot, Target, Best Buy, Pier 1 Imports, PetSmart, Old Navy, Chili’s and Chick-fil-A. Area demographics include a population of 75,364 within five miles earning $33,183 as the average household income. The average daily traffic count is 38,400 vehicles. The asking rent is $9.50 psf. For details, contact Greg Nabholz, Sperry Van Ness – Nabholz Properties, PO Box 127, Conway, AR 72033; 501505-5820, Fax 501-505-5015; Email: greg.nabholz@svn.com.
earning $63,679 as the median household income. Wethersfield – Jordan Lane Shopping Center, located at the intersection of Jordan Lane and Berlin Turnpike, has spaces available of 1,500 sq.ft. and 4,226 sq.ft. Super Stop & Shop and A.J. Wright anchor the center. Cotenants include Payless ShoeSource, Rainbow, Ting Ho, Friendly Fitness, Dollar Tree, Sovereign Bank, Nail Star, U.S. Cleaners, Hector Salon, Fabulous Jewelry, Sally Beauty Supply, Mancuso Liquors, GNC, A&J Laundromat and EbLens Clothing and Footwear. Area demographics include a population of 270,686 within five miles earning $45,378 as the median household income. For details, contact Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Port Washington, NY 11050; 856-2188677, Fax 856-218-8678; Web site: www.cedarshoppingcenters.com/portfolio.htm.
and Coconut Road, has spaces available of 1,070 sq.ft.; 1,840 sq.ft. and 7,500 sq.ft. along with outlots of 6,000 sq.ft. and 6,500 sq.ft. Sweetbay Supermarket and Finemark Bank anchor the center. Cotenants include Physicians Weight Loss Centers, Goin’ Postal and VIP Cleaners. Area retail includes Dillard’s, Muvico, Target, Barnes & Noble, Best Buy and Coconut Pointe Town Center. Area demographics include a population of 61,587 within five miles earning $96,592 as the average household income. For details, contact Jim Zaydon, Courtelis Co., 703 Waterford Way, Suite 800, Miami, FL 33126; 786-388-6474, Fax 305-2614338; Email: jzaydon@courtelis.com; Web site: www.courtelis.com.
California Emeryville – San Pablo Emeryville, a mixeduse center located at the intersection of 40th Street and San Pablo, has spaces available of 800 sq.ft. and 2,550 sq.ft. Area retail includes East Bay Bridge Center, featuring Best Buy, Office Depot and Home Depot, Pixar, Bay Street and IKEA. The asking monthly rent is $2 psf. For details, contact Jane Ma, Ma’s Investment LLC, 266 17th Street, Suite 100, Oakland, CA 94612; 510-268-8833, Fax 510268-8998; Email: jc@tienhuknitting.com.
Connecticut Groton – Groton Shopping Center, a center located at the intersection of Route 1/Long Hill Road and Drozdyk Drive, has a 3,440 sq.ft. space available. T.J. Maxx anchors the center and cotenants include New Asia Market, Weight Watchers, Chinese First Wok, Pet Supplies Plus, Goodwill, Monster Mini Golf, A&P Liquors, Fantastic Sams, Sunset Wireless, Weiss Sleep Shop, Precision Wash & Dry Laundromat, EbLens Clothing and Footwear, Best Rents Plus and State Farm Insurance, along with Webster Bank and AutoZone occupying pad sites. Area demographics include a population of 82,801 within five miles earning $53,404 as the median household income. Southington – Southington Shopping Center, a 155,875 sq.ft. center located on Queen Street, has two spaces of 2,000 sq.ft. available. Wal*Mart anchors the center and cotenants include Connecticut Lighting Centers, Namco, Star Nails, Noble Japanese Restaurant, Sally Beauty Supply, Accu-Vision Center and Sovereign Bank. Area demographics include a population of 103,079 within five miles
Florida Estero – The Brooks Town Center, an 80,000 sq.ft. strip center situated on 9.9 acres at the intersection of Three Oaks Parkway
out Check W our NE orum! Jobs F
Let the
Greenacres – Trafalgar Square, a 102,635 sq.ft. strip center located at the intersection of Forest Hill Boulevard and Jog Road, has spaces available of 1,200 sq.ft. and 1,600 sq.ft. Cotenants include Winn-Dixie, CVS, Wood You Furniture, Dunkin’ Donuts, Quiznos, Hungry Howie’s, Advance America and Family Dollar. Area demographics (continued on page eighteen)
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January 16, 2009
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include a population of 256,920 within five miles earning $41,190 as the median household income. The average daily traffic count is 80,000 vehicles. The asking rent is $16 psf with CAM of $6.05 psf. Key Biscayne – Harbor Plaza, a strip center, has spaces available of 950 sq.ft. and 1,950 sq.ft. 7-Eleven and Farmer’s Market anchor the center. Area demographics include a population of 11,292 within three miles earning $165,788 as the average household income. Sarasota – Sarasota Crossings, a 181,332 sq.ft. center located at the intersection of Fruitville Road and Honore Avenue, has spaces available of 1,500 sq.ft.; 7,227 sq.ft. and 10,000 sq.ft. along with a 5,000 sq.ft. outlot. Cotenants include Publix, Office Depot, HH Gregg, CVS, Starbucks, DaRuMa, Subway, WaMu, GNC and RadioShack. Area demographics include a population of 150,507 within 10 miles earning $49,723 as the median household income. The average daily traffic count is 80,000 vehicles. The asking rent is $26 psf with CAM of $5.35 psf. Venice – Bird Bay Plaza, a 136,000 sq.ft. strip center located on U.S. Highway 41 Bypass North, has spaces available of 2,100 sq.ft.; 2,200 sq.ft. and 2,800 sq.ft. along with a 2,200 sq.ft. outlot. Cotenants include Big Lots, Save-A-Lot, RentA-Center, Boater’s World, WaMu, Subway, Domino’s, H&R Block and Batteries Plus. Area demographics include a population of 78,816 within five miles earning $68,424 as the average household income. The average daily traffic count is 44,500 vehicles. The asking rent is $14 psf with CAM of $4.25 psf. For details, contact Nicole Christodoulou, Commodore Realty, 30 West Mashta Drive, Suite 400, Key Biscayne, FL 33149; 305365-2600 Ext. 40, Fax 305-365-0800; Email: nicole@commodorerealty.com; Web site: www.commodorerealty.com. Lutz – Lake Chapman Plaza, a 25,400 sq.ft. mixed-use center situated on three acres at the intersection of Chapman Road and Florida Avenue, has spaces available of 1,400 sq.ft.; 1,500 sq.ft. and 2,900 sq.ft. along with pad sites of 4,060 sq.ft. and 5,160 sq.ft. Cotenants include Butcher Block, The Cat’s Meow and Drytec Cleaners. Area retail includes Publix Shopping Center. The average daily traffic count ranges from 25,000 vehicles to 30,000 vehicles. The asking rent is $19.75 psf with CAM of $4.95 psf. For details, contact Ted C. Hager, Coldwell Banker Commercial, 2201 West Swann Avenue, Tampa, FL 33606; 813253-2444 Ext. 1782, Fax 813-254-9745; Email: tedhager@mindspring.com; Web site: www.teamhager.com. page 18
January 16, 2009
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Franklin – Franklin Village, a 297,509 sq.ft. mixed-use center located at the intersection of Route 140/West Central Street and Route I-495, has spaces available from 1,189 sq.ft. to 4,986 sq.ft. Super Stop & Shop anchors the center and cotenants include Taco Bell, D’Angelo, GameStop, RadioShack, Village Mall Liquors, Bath & Body Works, Supercuts, Bank of America, Olympia Sports, Famous Footwear, Team Fitness, Elizabeth Grady, GNC, Urban Behavior, dressbarn, Marshalls, Sally’s Alley, Men’s Wearhouse, Hairs Boston, Cambridge Eye, Hallmark, Papa Gino’s, Longhorn Steakhouse, AAA Travel, Teppanyaki Asian Cuisine, Mattress Discounters, Panera Bread, L’Equipe Salon, Applebee’s, Pepper Terrace, Sylvan Learning Center, Sunpro Tanning, Voicebox Verizon Wireless, California Nails, The UPS Store, ReMax Executive Realty and Smilage Dental. Area demographics include a population of 69,392 within five miles earning $92,867 as the median household income. New Bedford – Kings Plaza, located on Kings Highway, has a 2,000 sq.ft. space available. Work Out World and A.J. Wright anchor the center. Cotenants include Savers, Fashion Bug, Expressions, Madrag, Dental Dreams, Ocean State Job Lot, Family Dollar, Rainbow Rentals, H&R Block, Fashion Nails, Blockbuster Video, McDonald’s, Rocky Mountain Spring Water and Green Mountain. Area demographics include a population of 136,856 within five miles earning $40,267 as the median household income. Norwood – Hannaford Plaza, a 105,387 sq.ft. center located on Walpole Street, has spaces available of 1,400 sq.ft.; 1,804 sq.ft. and 4,703 sq.ft. Hannaford anchors the center and cotenants include Liberty Tax Service, A1 Cleaners, Bay State Wine & Spirits, Sabra Foods, Dollar Tree and Rocky’s Ace Hardware. Area demographics include a population of 105,261 within five miles earning $90,858 as the median household income. Revere – The Shops at Suffolk Downs, a 206,602 sq.ft. center located on Route 1A, has spaces available from 1,788 sq.ft. to 9,433 sq.ft. Target and Stop & Shop anchor the center. Cotenants include Wendy’s, Sleepy’s and Famous Footwear. Area demographics include a population of 401,342 within five miles earning $53,984 as the median household income. For details, contact Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Port Washington, NY 11050; 856-2188677, Fax 856-218-8678; Web site: www.cedarshoppingcenters.com/portfolio.htm.
Middleton – The Shops at Middleton, a 30,000 sq.ft. mixed-use center situated on 2.76 acres at the intersection of U.S. Route 114 and South Main Street, has spaces available of 1,875 sq.ft.; 2,650 sq.ft. and 7,500 sq.ft. Bellini Baby & Teen Furniture and Red Wing Shoe anchor the center. Cotenants include Sal’s Pizza. Area retail includes Walgreens, Boston Kitchen and Middleton Market Place, featuring Market Basket Supermarket, Bob’s, Jo-Ann Fabrics, Curves, TD BankNorth and Sunspaces. Area demographics include a population of 85,000 within five miles earning $79,366 as the median household income. The average daily traffic count is 30,000 vehicles. The asking rent ranges from $12.50 psf to $16.50 psf NNN with CAM of $1.90 psf and taxes of $1.10 psf. For details, contact Paul O’Neill, LRB Middleton, LLC, 153 East Emerson Street, Melrose, MA 02176; 617435-6745, Fax 781-665-0707; Email: pauloneill@theshopsatmiddleton.com; Web site: www.theshopsatmiddleton.com.
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New Hampshire Keene – Colony Hill Marketplace, a 200,969 sq.ft. strip center located at the intersection of West Street, Gilbo Avenue, Ashulet Street and School Street, has spaces available of 1,040 sq.ft.; 2,301 sq.ft. and 4,763 sq.ft. along with outlot spaces of 2,080 sq.ft. and 4,500 sq.ft. Cotenants include GameStop, Famous Footwear and Ritz Camera. Area retail includes Monadnock Marketplace, Sears Essentials Plaza, West Street Plaza, T.J. Maxx Plaza, Shaw’s Plaza and CVS Plaza. Area demographics include a population of 74,556 within 10 miles earning $46,630 as the median household income. The average daily traffic count is 30,100 vehicles. The asking rent ranges from $12 psf to $20 psf with CAM of $7 psf and taxes of $3 psf. For details, contact Keri Kirrane, Mayo Group, 28 Damrell Street, Suite 300, Boston, MA 02127; 617-412-3216, Fax 617-4232211; Email: kerikirrane@mayogroup.com; Web sites: www.mayogroup.com, www.colonymill.com and www.centeratkeene.com. Nashua – A 28,030 sq.ft. strip center located at the intersection of DW Highway South and Spitbrook Road has spaces available of 3,000 sq.ft. and 6,777 sq.ft. Panera Bread and Blockbuster Video anchor the center. Cotenants include Oreck Vacuum, Haircuts Plus, Rug Depot and Brothers Butcher Shop. Area retail includes Royal Ridge Mall, DW
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New Hampshire
New Jersey
New Jersey
Plaza, Pheasant Lane Mall, Webster Square and Daniel Webster Plaza. The average daily traffic count is 24,560 vehicles. The asking rent ranges from $18 psf to $22 psf with CAM of $2 psf and taxes of $3 psf. For details, contact Pam Lynch, Leonard Lee & Co., 27 Route 101A, Amherst, NH 03031; 603-672-5100 Ext. 209, Fax 603672-3030; Email: pamjlynch@aol.com.
Hanover – A 343,539 sq.ft. center located at the intersection of Route 10 and Murray Road has spaces available of 1,655 sq.ft.; 1,978 sq.ft. and 7,975 sq.ft. Home Depot and Dick’s Sporting Goods anchor the center. Cotenants include Marshalls, MJM Shoes, Countrywide Loans, Frank’s Pizza, United Jewelers, Futon Sleep Shop, Grand Buffet Grill, Subway, Salon for U, Palki Fine Indian Restaurant, Tiger Schulman, Valley National Bank, Applebee’s, Loehmann’s, Penang Restaurant, Don Jose Restaurant, Aquatic Vision, Chinatrust Bank USA, The Godfather and Kam Man Food. Area retail includes Babies “R” Us, Barnes & Noble, Bed Bath & Beyond, Best Buy, Borders, Costco, Michaels, Old Navy, The Sports Authority and Target. Area demographics include a population of 861,851 within 10 miles earning $108,688 as the average household income. East Rutherford – Lowe’s Plaza, a 196,883 sq.ft. center located at the intersection of Route 17 North and Route 120/Paterson Plank Road, has spaces available of 2,500 sq.ft. and 4,004 sq.ft. Lowe’s Home Improvement anchors the center and cotenants include Chili’s, Starbucks, Pan Asian Grill, Saladworks,
Subway, Five Guys Famous Burgers and Fries, Payless ShoeSource, Verizon Wireless, Beach Bum Tanning, Supercuts, Allstate Insurance, Sleepy’s and FedEx Office. Area retail includes BJ’s Wholesale Club, Houlihan’s, Staples, Strauss Auto, Target and Liberty Commons, featuring Casual Male, Kid City, Marshalls and Panera Bread. Area demographics include a population of 160,072 within five miles earning $72,149 as the average household income. East Windsor – A 152,555 sq.ft. center located at the intersection of Route 130 and Route
New Jersey Bricktown – Bricktown Shopping Center, a 277,162 sq.ft. center located at the intersection of NJ Route 70 South and Chambers Bridge Road, has a 1,409 sq.ft. space available. ShopRite and Kohl’s anchor the center. Cotenants include Lane Bryant, New York & Co., Marshalls, Old Navy, Joyce Leslie, Sovereign Bank, Strauss Auto, M. Holder, J.P. Lees, Nail Perfection, Hair Lines, T-Mobile, Dollar World, Spirits Unlimited and Jersey Shore Beauty School. Area retail includes Barnes & Noble, Costco, Lowe’s Home Improvement, Target and Ocean County Mall, featuring Boscov’s, JCPenney, Macy’s and Sears. Area demographics include a population of 294,338 within seven miles earning $78,279 as the average household income. Cherry Hill – Cherry Hill Shopping Center, a 327,963 sq.ft. center located at the intersection of Route 38 and Cuthbert Boulevard, has a 2,159 sq.ft. space available along with proposed pad sites of 5,000 sq.ft. and 6,000 sq.ft., along with proposed expansion spaces of 12,000 sq.ft.; 14,500 sq.ft. and 27,000 sq.ft. Wal*Mart, Office Depot and Toys “R” Us anchor the center. Cotenants include Dollar Garden, Great Clips, Sally Beauty Supply, Hear X, Modern Nail, GameStop, Fashion Bug, Garden Buffet, Conway Stores and Blockbuster Video. Area retail includes Lowe’s Home Improvement, Home Depot, Target and Wegmans. Area demographics include a population of 1.794 million within 10 miles earning $54,155 as the average household income. East Brunswick – A 427,174 sq.ft. center located at the intersection of Route 18 and Tices Lane has a 33,000 sq.ft. space available. Lowe’s Home Improvement and Kohl’s anchor the center. Cotenants include T.J. Maxx, Dick’s Sporting Goods, Joyce Leslie and Carraba’s/Bone Fish Grill. Area retail includes Best Buy, Home Depot, Sam’s Club, Super ShopRite, Wal*Mart and Brunswick Square Mall, featuring Barnes & Noble, JCPenney and Macy’s. Area demographics include a population of 801,175 within 10 miles earning $85,294 as the average household income. East
T OF R A P A BE E M E NT T I C X E TH E ESA!! M T S A IN E
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LOOKING FOR TENANTS?
Recession Leasing Made Easy
40-Years Proven Success
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Mountain Vista Marketplace NWC US 60 & Signal Butte Road | Mesa, AZ • 1.3 million SF / 114 acre mixed-use project • 700,000 SF retail center anchored by Target • Premier US 60 Freeway frontage at the Signal Butte Road exit • Recently completed L202 freeway creates natural barrier for a distinct retail trade area • Major, pads and shops available for lease, ground lease, and for sale • Adjacent to 450,000 SF regional medical center • Adjacent to 180,000 SF state of the art medical office
For leasing information, call: DeBartolo Development, llc Erin Nellis, Development Officer Direct: 480-429-4066 Email: enellis@debartolodevelopment.com Barbara Toth, Director of Leasing Direct: 480-425-5548 Email: btoth@debartolodevelopment.com www.dealmakers.net
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STUART MAKLER: President “Tenants By Mail”
Our Leads & Our Training + Your Leasing = FAST DEALS!
for shopping centers, office & medical bldgs. www.tenantsbymail.com
(800) 244-9066 STUART MAKLER & ASSOCIATES, INC. January 16, 2009
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571/Hightstown Road has spaces available of 1,500 sq.ft.; 1,600 sq.ft.; 2,281 sq.ft. and 4,800 sq.ft. Burlington Coat Factory anchors the center and cotenants include Windsor Farm Markets, Hudson City Savings, Atlanta Bread Co., Tan Lines, Royal Orchid, Party Fair, Bella Lea’s, H&R Block, Hunan House, Dollar Tree, Attitudes Hair & Nail, Happy Face Laundry and CVS. Area demographics include a population of 291,790 within 10 miles earning $107,061 as the average household income. Eatontown – Eatontown Center, a 31,825 sq.ft. center located on Highway 35 North, has a 1,233 sq.ft. space available. Petco anchors the center and cotenants include Citibank and Ski Barn. Area retail includes Monmouth Mall, featuring JCPenney, Lord & Taylor and Macy’s. Area demographics include a population of 336,000 within 10 miles earning $99,496 as the average household income. For details, contact Vornado Realty Trust, 210 Route 4 East, Paramus, NJ 07652; 201587-1000, Fax 201-708-6206; Web site: www.vno.com. Bridgeton – Carll’s Corner, located on Cornwell Drive, has spaces available of 3,000 sq.ft. and 7,180 sq.ft. along with a 25,000 sq.ft. outparcel. Acme anchors the center and cotenants include Hair Cuttery, Ladies Workout Express, L&D Laundry, Fashion Bug, China Buffet, Blockbuster Video, Family Dollar, Peebles, Rite Aid and TD BankNorth. Area retail includes ShopRite, Burger King and McDonald’s. Area demographics include a population of 42,347 within five miles earning $43,277 as the median household income. Egg Harbor Township – Shore Mall, located at the intersection of Blackhorse Pike and Garden State Parkway, has spaces available from 2,260 sq.ft. to 6,600 sq.ft., in addition to a two-story 144,000 sq.ft. anchor space. Boscov’s anchors the center and cotenants include Everything 99 Cents, SJ Federal Credit Union, Action Zone Arcade, 4M Fashions/4M Fashions for Kids, Center City Sports, Deb/Tops N Bottoms, Drop Zone Army Navy, F&G Convenience Store, GNC, Payless ShoeSource, Norman’s Hallmark, Foot Locker, The Gallery, RadioShack, T.G.I. Friday’s, K&G Superstore, Burlington Coat Factory, Beachcomber Collectibles, Palace Jewelers, H&R Block, Professional Hair, Angel Nails, Capri Pizza, Gyromania, Perfect Style, China Pub, Celina’s Espresso, The Candy Depot, GameStop, Sammi’s Massage Therapy, Oriental Gift Mart, Auntie Anne’s Pretzels, Wireless Central, page 20
January 16, 2009
The
New Jersey
New Jersey
Piercing Pagoda, Talk of the Town Carts, Romance Accessories, Pale Moon Jewelry, Frank’s Jewelers, Hot Spot, Boardwalk Fries and The Big Dipper, along with Carrabbas, Golden Corral, Spirit Halloween/Christmas, Saladworks, AT&T and Dairy Queen occupying outparcels. Area demographics include a population of 80,134 within five miles earning $54,956 as the median household income. Washington Township – Washington Center has spaces available from 980 sq.ft. to 20,442 sq.ft. Acme anchors the center and cotenants include MAB Paint, Learning Express, Joanne’s Hallmark, Today’s Cleaners, Chef Chun, Wild Birds, Taylor’s Salon, ReMax, MCM 1-Hour Photo, Little Big Shots, Dance Supply, The Eye Site, Post Net, Fat Jack’s BBQ, Rudi’s Formal Wear, Lily’s Bridal Salon, H&R Block, Slack’s Hoagies, Pop’s Italian Ice, Debeer’s Jewelry, Mozzarella Grille, STS, Reflections Car Wash, Fleet Bank, GameStop, Starbucks and Cold Stone Creamery. Area demographics include a population of 162,194 within five miles earning $68,918 as the median household income. For details, contact Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Port Washington, NY 11050; 856-2188677, Fax 856-218-8678; Web site: www.cedarshoppingcenters.com/portfolio.htm.
22 East, North Plainfield, NJ 07060; 908754-1100, Fax 908-754-8849; Email: ap63@comcast.net; Web site: www.paulanthonyagency.com.
Brielle – Brielle Galleria, an 18,000 sq.ft. freestanding building situated on 0.5 acres, has spaces available of 1,500 sq.ft. and 4,000 sq.ft. Area demographics include a population of 127,884 within five miles earning $71,366 as the average household income. The asking rent is $14.50 psf with CAM of $3 psf and taxes of $1 psf. For details, contact Gary Jaffe, Keller Williams Commercial Group, 100 Horizon Center Boulevard, Robbinsville, NJ 08691; 609-259-8444, Fax 609-259-3399; Email: kejaff@aol.com. Green Brook – Plaza 325, a strip center located on Route 22 between King George Avenue and Kramer Avenue, has spaces available of 2,600 sq.ft.; 5,000 sq.ft. and 11,249 sq.ft. Cotenants include Kid to Kid. Area retail includes Bridgewater Mall and Watchung Square Mall. Area demographics include a population of 723,156 within 10 miles earning $103,061 as the average household income. The average daily traffic count is 61,100 vehicles. The asking rent is $23 psf with CAM ranging from $4 psf to $6 psf. For details, contact Anthony Paolella, Paul Anthony Agency, Inc., 130 Route
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New York Bronx – A 10,000 sq.ft. parcel located at the intersection of White Plains Road and East Gun Hill Road is available. Area retail includes WaMu. Area demographics include a population of 128,748 within one mile earning $42,179 as the average household income. Harrison – A freestanding building located at the intersection of Halstead Avenue and Purdy Street has a 7,250 sq.ft. space available. Area retail includes Chase Bank, Quiznos, Dunkin’ Donuts, Wells Fargo and Carvel. Area demographics include a population of 192,365 within three miles earning $152,061 as the average household income. Massapequa – A 1,500 sq.ft. building situated on a land area of 18,750 sq.ft. on Route 107/Hicksville Road is available. Area retail includes Hollywood Video, Marshalls, Dunkin’ Donuts, Mandee, Chase Bank and Waldbaum’s. Area demographics include a population of 187,957 within three miles earning $86,526 as the average household income. The average daily traffic count is 25,648 vehicles. For details, contact Tom Jenkins, S.B. Schwartz & Co., Inc., 430 Park Avenue, Suite 505, New York, NY 10022; 646-292-4961, Fax 212-588-0701; Email: tj@sbschwartz.com; Web site: www.sbschwartz.com. DeWitt – A 17,088 sq.ft. freestanding building situated on 3.38 acres on Route 5/ Erie Boulevard East is available. Area retail includes Michaels, David’s Bridal, Petco, Dollar Tree, Guitar Center, Ollie’s Bargain Outlet, Texas Roadhouse and Olive Garden. Area demographics include a population of 178,638 within five miles earning $55,804 as the average household income. The average daily traffic count is 22,945 vehicles. The asking rent is $14 psf NNN. Watertown – Arsenal Plaza, a 215,648 sq.ft. community center located at the intersection of Route 81 Interchange and Arsenal Street, has a 1,907 sq.ft. space available along with two spaces of 2,000 sq.ft. Cotenants include Price Chopper, Staples, Michaels and T.J. Maxx. Area retail includes Salmon Run Mall, Target, Kohl’s, Lowe’s Home Improvement, Wal*Mart and Sam’s Club. Area demographics include a population of 68,924 within 10 miles earning $50,995 as the average household income. The average daily traffic count is 24,169 vehicles. The
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New York
Ohio
Pennsylvania
asking rent is $14 psf NNN. For details, contact Larry J. Socia, Pyramid Brokerage Co., 5786 Widewaters Parkway, Box 3, Syracuse, NY 13214; 315-445-8501, Fax 315-445-2074; Email: lsocia@pyramidbrokerage.com; Web site: www.pyramidbrokerage.com. For additional details regarding the DeWitt property, contact Graziano Zazzara, Jr.; 315-569-5678; Email: gzazzara@pyramidbrokerage.com. For additional details regarding the Watertown property, contact Chris Clark; 315-408-6299; Email: cclark@pyramidbrokerage.com.
and Express Cash. The average daily traffic count is 30,660 vehicles. For details, contact Jen Zelko, Global Real Estate Advisors, Inc., 7972 Tyler Boulevard, Cleveland, OH 44060; 440255-5552, Fax 440-255-5553; Email: jen@globalcommercialre.com; Web site: www.globalcommercialre.com.
Nottingham Road has spaces available of 1,200 sq.ft.; 1,550 sq.ft.; 1,750 sq.ft.; 2,250 sq.ft. and 14,784 sq.ft. Giant, Fashion Bug and Super Petz anchor the center. Cotenants include Chopstix Express, Family Dollar Store, PNC Bank, Celebration Hair & Tanning, Grill & Chill and Tom’s Bagels. Area retail includes Home Depot, Lowe’s Home Improvement, Sears Essentials and Wal*Mart. Area demographics include a population of 451,886 within five miles earning $58,738 as the average household income.
Oswego – University Shops, a 7,300 sq.ft. freestanding building situated on 2.5 acres at the intersection of West Seneca Street and Third Street, has spaces available of 1,200 sq.ft.; 2,200 sq.ft. and 4,250 sq.ft. Cotenants include Dunkin’ Donuts and Subway. Area retail includes McDonald’s, Kinney Drugs, Pizza Hut, Ace Hardware and Fajita Grill. Area demographics include a population of 30,000 within five miles earning $37,000 as the average household income. The asking rent is $18.75 psf with CAM of $1 psf and taxes of $3.25 psf. For details, contact Edward Gottlieb, Pacific Properties, Inc., PO Box 225, Cedarhurst, NY 11516; 516-857-2001, Fax 516-569-9581; Email: edgottlieb21@aol.com. Rochester – Stoneridge Plaza, a 180,000 sq.ft. strip center situated on 17.6 acres at the intersection of West Ridge Road and Stone Road, has spaces available of 1,700 sq.ft.; 3,000 sq.ft. and 4,500 sq.ft. Toys “R” Us anchors the center and cotenants include Perkins, Dollar Tree, Rochester Athletic Club for Women, Xceed Financial, DaVinci’s Italian Restaurant, Andies Candies, Techniques Hair Salon, Lyte Speed Computer, Western NY Dental, Plaza Sports Medicine, Pet Saver, Sunset Hydroponics & Home Brewing and Soho Bagel Café. Area demographics include a population of 272,130 within 10 miles earning $50,414 as the median household income. For details, contact Kim McCracken, Compson Development, 2465 West Ridge Road, Rochester, NY 14626; 585272-0040, Fax 585-272-9394; Email: kmcompson@rochester.rr.com.
Pennsylvania Bethlehem – A 166,925 sq.ft. center located at the intersection of Easton Avenue and
NEW FREESTANDING DRIVE-THRU RESTAURANT
Home Depot/Fry’s Anchored Center 51st Avenue & Baseline Road Phoenix, Arizona PROJECT FEATURES: • Fully Built-Out Quick-Service Restaurant • Existing Tenant to Assign Ground Lease to End User - $80,000/yr. • Lot Size: 44,895 • Building Size 2,396 • 34 Parking Spaces
Asking 0 for $625,00 & g buildin nts e m e v impro
Ohio Conneaut – 199 Gateway Plaza, a strip center located at the intersection of State Route 7 and Interstate 90, has spaces available of 10,000 sq.ft. and 42,450 sq.ft. Kmart anchors the center and cotenants include AutoZone
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For More Information Contact: Lou Boemia949-892-2639 lboemia@galardigroup.com
The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it.
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For details, contact Vornado Realty Trust, 210 Route 4 East, Paramus, NJ 07652; 201587-1000, Fax 201-708-6206; Web site: www.vno.com. Leechburg – Allegheny Plaza Shopping Center, a 108,487 sq.ft. strip center situated on 55 acres at the intersection of Hyde Park Road and Route 56, has spaces available of 2,100 sq.ft.; 7,000 sq.ft. and 11,365 sq.ft. Big Lots and Save-A-Lot anchor the center. Cotenants include Pizza Hut and Curves. Area retail includes Kmart. Area demographics include a population of 112,513 within 10 miles earning $55,076 as the average household income. The average daily traffic count is 13,144 vehicles. For details, contact Nicholas Forelli, Rosen Associates Management Corp., 33 South Service Road, Jericho, NY 11753; 516-281-1532, Fax 516-281-1562; Email: nforelli@rosenmgmt.com.
Virginia Annandale – Olympia Centre, a 14,300 sq.ft.
Virginia
Virginia
strip center located on Little River Turnpike, has spaces available of 850 sq.ft.; 1,643 sq.ft. and 11,000 sq.ft. Area retail includes Safeway. Area demographics include a population of 762,000 within 10 miles earning $121,220 as the average household income. The asking rent is $39 psf with CAM of $2 psf and taxes of $1 psf. For details, contact Howard Whang, Bankers Realty & Investment, 2212 Abbotsford Drive, Vienna, VA 22181; 703-319-0747, Fax 888-342-9490; Email: whang9@yahoo.com.
$124,872 as the average household income. The average daily traffic count is 40,000 vehicles. The asking rent is $35 psf with CAM of $6 psf and taxes of $2.75 psf. For details, contact Jake Sinn, Manassas Crossroads Retail, LLC, 8260 Greensboro Drive, Suite 255, McLean, VA 22102; 703506-0044 Ext. 4, Fax 703-506-3993; Email: jake@graydiversified.com.
Manassas – Manassas Crossroads, a 7,610 sq.ft. strip center located at the intersection of Sudley Road and Sudley Manor Drive, has spaces available of 1,164 sq.ft.; 1,537 sq.ft. and 1,541 sq.ft. Cotenants include Costco, Starbucks, Chick-fil-A, Walgreens and Panda Express. Area retail includes PetSmart, Dick’s Sporting Goods, Shoppers Food Warehouse, Office Depot, Ross Dress for Less, Bull Run Plaza, Sudley Town Plaza, Sudley Manor Square, Westgate Plaza, Porstmouth Station, Festival at Manassas, Manaport Plaza and Promenade at Manassas. Area demographics include a population of 383,453 within 10 miles earning
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Washington Yakima – Martin-Rutledge Building, a 6,545 sq.ft. strip center located on 22nd Avenue, has a 4,031 sq.ft. space available. Cotenants include Maly’s. Area retail includes Super Safeway and Rite Aid. Area demographics include a population of 78,558 within three miles earning $52,460 as the average household income. The average daily traffic count is 27,000 vehicles. The asking rent is $12 psf with CAM and taxes of $3.82 psf. For details, contact Michael R. Bradley, Bradley Commercial Real Estate, 16855 Woodinville-Redmon Road, Woodinville, WA 98072; 425-482-1716, Fax 425-482-1887; Email: mike.bradleycomrealestate@verizon.net. DM
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