Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. II
January 17, 2014
FEATURING apparel Chains Expand Nationwide Carters’s operates more than 400 locations nationwide. The stores, offering apparel and accessories for infants and young children, occupy spaces of 3,500 sq.ft. in various retail settings. Growth opportunities are sought throughout Bronx, NY during the coming 18 months, with representation by Retail Zone. For more information, contact Mitch Weiss, Retail Zone, 1902 Whitestone Expressway, Suite 404, Whitestone, NY 11357; 718-321-7700, Fax 718-228-6499; Email: mitch@retailzone.net; Web site: www.carters.com. Maui Clothing Co., Inc. trades as Making Waves, Maui Clothing, Maui Water Wear, Escape to Maui, Panama Jack’s, Cruise and Boutique Aloha at 21 locations throughout HI. The stores, offering family resort wear, beach wear and related accessories, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in tourist centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. Preferred cotenants include upscale women’s apparel retailers. Preferred demographics include a population of 50,000 within five miles earning $70,000 as the average household income. For more information, contact Edward Wayne, 401 Kamakee Street, Suite 414, Honolulu, HI 96814; 808-596-2713, Fax 808-596-2720; Email: ewmauiclothing@gmail.com; Web site: www. mauiclothingcompany.com.
A & E Stores, Inc. trades as Pay/Half, Strawberry and Bolton’s at 100 locations throughout CT, IL, MA, MD, NJ, NY, PA, RI and WI. Bolton’s offers misses apparel and prefers to occupy spaces of 1,800 sq.ft. to 3,000 sq.ft., Strawberry offers juniors apparel and utilizes spaces of 3,000 sq.ft. to 6,000 sq.ft. and Pay/Half offers family apparel and uses spaces of 7,500 sq.ft. to 15,000 in specialty, strip and value centers, as well as urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. Specific improvements are required. For more information, contact Bruce Kleiman, A & E Stores, Inc., 1000 Huyler Street, Teterboro, NJ 07608; 201-393-0600, Fax 201-393-0798; Web site: www.payhalfstores.com. Lane Bryant operates 750 locations nationwide. The stores, offering women’s plus-sized career and casual apparel, as well as accessories and footwear, occupy spaces of 5,000 sq.ft. in malls and strip centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Sullivan Hayes Cos. For more information, contact Tim McNamara, Sullivan Hayes Cos., 10 Waterside Drive, Suite 200, Farmington, CT 06032; 860-470-1977, Fax 860-679-5260; Email: tmcnamara@sullivanhayesne.com; Web site: www.lanebryant.com. (continued on page eight)
This issue contains information on: • Retailers operating 39,720 locations with plans to open 1,795 sites • Real estate valued in excess of $100 million to be bought, sold & financed • Leasing activity on over 3.6 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
icsc southeast retail connection New Construction Crossroads Development Partners developing a mixed-use project in Chicago...................... Pg. 3 Buyers and Sellers Stan Johnson Co. selling a Walmart Supercenter in Johnson City, NY.................................... Pg. 4 Food Chains Expand Ynot Pizza to enter new markets on the east coast......................... Pg. 5 Larosa’s to enter NC, PA, TN, VA and WV...................................... Pg. 5 Who’s Opening and Where Lumber Liquidators to open up to 40 stores................................. Pg. 6 Batteries Plus Bulbs to open 55 locations..................................... Pg. 6 My Burger in a growth spurt....... Pg. 6 Lease Signings Royal Properties inks deals on multiple sites with Verizon Wireless in NJ............................. Pg. 7 Exclusives Edge Realty Partners representing The Vitamin Shoppe in AR and TX.............................................. Pg. 7 Sources of Financing Meridian Capital lends on mixeduse sites...................................... Pg. 8 Making The News Coldwell Banker grows VA team Pg. 8 Lead Sheet Rainbow Academy to enter CT, NY and PA................................. Pg. 10 National Stores continues growth into 2014.................................... Pg. 10 Space Place................................ Pg. 14