Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. III
January 21, 2011
Supermarket Chains Expand Nationwide Rouses Enterprises, Inc. trades as Rouse’s Supermarket at 36 locations throughout LA and MS. The supermarkets occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to acquire sites and is also looking to expand into the Lafayette, Baton Rouge and New Orleans areas of LA. The company will also consider smaller spaces. For more information, contact Donny Rouse, Rouses Enterprises, Inc., 1301 St. Mary Street, Thibodaux, LA 70301; 985-447-5998, Fax 985447-5563; Email: feedback@rouses.com; Web site: www.rouses.com. Food Markets Northwest, Inc. trades as Metropolitan Market at six locations throughout WA. The full-service supermarkets, featuring meat, seafood and deli departments, occupy spaces of 30,000 sq.ft. to 32,000 sq.ft. in freestanding locations and strip centers. Plans call for one opening in Seattle, WA during the coming 18 months. Preferred demographics include a population of 30,000 within two miles. The company prefers to locate in areas with high vehicular and pedestrian traffic counts. For more information, contact Dale Chandler, Food Markets Northwest, Inc., 3301 South Norfolk Street, Seattle, WA 98118; 206-763-7949, Fax 206-767-8751; Email: dchandler@unifiedgrocers.com; Web site: www.metropolitan-market.com.
Brookshire Grocery Co. trades as Brookshire Food Stores and Super 1 Stores at 151 locations throughout AR, LA and TX. The supermarkets occupy spaces of 30,000 sq.ft. to 70,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout southern AR, LA and eastern TX during the coming 18 months. Typical leases run 15 to 20 years. Major competitors include Albertsons, Kroger and Walmart Supercenter. A land area of five to six acres is required for freestanding locations. The company prefers to acquire sites. For more information, contact John Broderhausen, Brookshire Grocery Co., 1600 West Southwest Loop 323, Tyler, TX 75701; 903-534-3000, Fax 903-534-2217; Web site: www.brookshires.com. Winn-Dixie Stores, Inc. trades as Winn-Dixie at 520 locations throughout AL, FL, GA, LA and MS. The supermarkets occupy spaces of 20,000 sq.ft. to 50,000 sq.ft. in freestanding locations and lifestyle, power and strip centers, in addition to urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with options. For more information, contact Frank O’Sullivan, Winn-Dixie Stores, Inc., 47 Cotesworth Place, Hilton Head, SC 29926; 843-342-3468, Fax 843-342-4468; Web site: www.winndixie.com. (continued on page three)
This issue contains information on:
* Retailers operating 17,643 locations with plans to open 1,544 sites * Real estate valued in excess of $296.1 million to be bought, sold & financed * Leasing activity on over 46 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Caribbean Conference Exclusives Suburban Real Estate Services has been named the exclusive leasing agent for a center in Naperville, IL......................... Pg. 3 New Construction Garden Commercial Properties is developing a 600,000 sq.ft. project in Mahwah, NJ........... Pg. 4 Buyers and Sellers Bobby Cox Cos., Inc. is selling Blockbuster Video properties throughout AR, MO, OK and TX................................... Pg. 5 EAD II, LLC is selling a shopping center in Port St. Lucie, FL................................ Pg. 7 Food Retailers Expand Panera Bread to open locations throughout central, southern and western VA....... Pg. 6 In the News Sharpe Properties formed a third-party management division................................. Pg. 7 Openings Lord & Taylor, LLC to open its first new store since 2001...... Pg. 8 Lease Signings Crosland negotiated leases throughout NC...................... Pg. 9 Sources of Financing George Smith Parnters provided a $17.2M loan for the redevelopment of a center in Oxnard, CA....................... Pg. 9 Lead Sheet Country Visions to open Apricot Lane stores nationwide............................ Pg. 11 Fred Meyer Jewelers, Inc. seeking locations in 14 states Pg. 14 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: caribbean11
NOTHING FANCY IS GOOD BUSINESS IS GOOD BUSINESS
It’s as simple as bread and butter. At Cedar, we own, manage and operate Bread & Butter Shopping Centers® in key locations throughout the Northeast and Mid-Atlantic Coastal states. Anchored primarily by supermarkets which are dominant in their respective markets and which have long remaining lease terms, these properties present predictable and strong cash flows. The dominant supermarkets, in turn, drive traffic for other tenants in their shopping centers. Such strength and predictability are among the necessities of business success.
Cedar Shopping CenterS, inC. DEvElOpErS, OwNErS AND MANAGErS
OF BrEAD AND BUTTEr SHOppING CENTErS® www.cedarshoppingcenters.com
Exclusives and Leasing Assignments
Supermarket Chains Expand Nationwide (continued from page one)
Save-A-Lot, Ltd. trades as Save-A-Lot at 120 locations throughout FL. The supermarkets occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with four, five-year options. Preferred cotenants include value-oriented retailers. Preferred demographics include a population of 18,000 in rural areas and a population of 35,000 in urban areas earning a median household income of $40,000.
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............................................... Adam Taliercio adamt@dealmakers.net Customer Service....................... Bridget Thoresen custserv@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. TM
The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2011 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
For more information, contact Neil Kirchoff, Save-A-Lot, Ltd., 4075 B South GoldenRod Road, Orlando, FL 32822-5622; 407-491-0482; Email: neil.k.kirchoff@save-a-lot.com. Autry Greer & Sons, Inc. trades as Greers at 29 locations throughout AL, FL and MS. The supermarkets occupy spaces of 12,000 sq.ft. to 28,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Barton Greer, Autry Greer & Sons, Inc., 2850 West Main Street, Prichard, AL 36612; 251-4578655, Fax 251-456-3744. Aldi, Inc. trades as Aldi at 1,000 locations throughout 29 states nationwide. The supermarkets occupy spaces of 15,000 sq.ft. to 16,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout 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. Marsh Supermarkets, Inc. trades as Marsh Supermarkets and O’Malia’s at 102 locations throughout IN and OH. The supermarkets, featuring bakery, meat, seafood, produce, floral, gift and wine departments, as well as a pharmacy in select markets, occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Brent Edstrom, Marsh Supermarkets, Inc., 333 South Franklin Road, Indianapolis, IN 46219; 317-594-2100, Fax 317-594-2339. Schnuck Markets, Inc. trades as Schnuck Markets at 100 locations throughout IA, IL, IN, MO, MS, TN and WI. The supermarkets, also featuring a pharmacy, occupy spaces of 55,000 sq.ft. to 80,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months. A land area of at least six acres is required for freestanding locations. The company will consider acquiring or ground leasing sites. For more information, contact Dave Fontana, Schnuck Markets, Inc., 11420 Lackland Road, St. Louis, MO 63146; 314994-9900, Fax 314-994-4040; Web site: www.schnucks.com. DM www.dealmakers.net
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Kalis Development Corp. (703-585-0100) named Renaud Consulting the leasing agent for Warrenton Towne Center, located along Route 211 in Warrenton, VA; and for Williamsburg Shopping Center, located at the intersection of Williamsburg Boulevard and North Sycamore Street in Arlington, VA. Charter Realty & Development Corp. (203227-2922) has been named the exclusive leasing agent for Storrs Center, a mixed-use project located along Route 195/Storrs Road in Mansfield, CT. The project will feature a 165,000 sq.ft. retail component, a 26,500 office component and a 690-unit multifamily component. Construction on the project is slated to begin this spring. Suburban Real Estate Services (630-7781800) has been named the exclusive leasing and management agent for Freedom Commons, a 160,000 sq.ft. lifestyle project consisting of 13 buildings located at the intersection of Freedom Drive and Diehl Road in Naperville, IL. Tenants at the project include Maggiano’s, Morton’s The Steakhouse, The White Chocolate Grill and LA Fitness. Great American Brokerage (516-889-7200), with Commercial Retail Associates (516498-1010), represents Bestburger with the chain’s expansion throughout Long Island and Westchester, NY, as well as CT and NJ. The restaurant chain is seeking spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding locations, central business districts and endcaps of strip centers. L3 Corp. (314-469-7400) represents the following retailers with their expansion plans: Christopher & Banks, throughout MO, seeking sites of 3,500 sq.ft. to 5,000 sq.ft. in power and strip centers; Chuck E. Cheese’s, with master broker Foremark, throughout St. Louis, MO, seeking spaces of 14,000 sq.ft. to 18,000 sq.ft. in power and strip centers, as well as outlots; Deal$, throughout MO excluding Kansas City and the surrounding area, seeking sites of 8,000 sq.ft. to 12,000 sq.ft. in power and strip centers, Ross Dress for Less, throughout central and southern IL and eastern MO, seeking spaces of 25,000 sq.ft. in malls and power centers; Shoe Carnival, throughout the St. Louis, MO metropolitan area, utilizing spaces of 10,000 sq.ft. in power and strip centers; Staples, throughout MO, seeking sites of 18,000 sq.ft. in freestanding locations and power and strip centers, and Total Hockey, throughout St. Louis, MO, seeking spaces of 8,000 sq.ft. to 10,000 sq.ft. in power and strip centers. DM
Dealmakers
January 21, 2011
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New Construction KGI Properties, LLC is developing Auburn Crossing, an 80,000 sq.ft. project located at the intersection of Route 20 and Hill Street in Auburn, MA. Space is available from 1,200 sq.ft. to 65,000 sq.ft. The company is also developing Gateway Commons, a 425,000 sq.ft. mixed-use project located at the intersection of Route 95, Route 161 and Route 1 in East Lyme, CT. Space is available from 1,200 sq.ft. to 140,000 sq.ft. The company is also developing Uxbridge Crossing. The 600,000 sq.ft. mixed-use project will be developed in phases in Uxbridge, MA. Space is available from 1,200 sq.ft. to 200,000 sq.ft. The company is also developing Wayland Town Center, a 177,000 sq.ft. mixed-use project located in Wayland, MA. Space is available from 1,200 sq.ft. to 15,000 sq.ft. Stop & Shop anchors the center. The company is also developing Scarborough Gallery, a 510,000 sq.ft. project located in Scarborough, ME. Space is available from 1,200 sq.ft. to 95,000 sq.ft. Cotenants include Lowe’s Home Improvement, Walmart, Texas Roadhouse and KFC/Taco Bell. The company is also developing New Hampton Commons, a 110,000 sq.ft. project located at the intersection of Route 93 and Route 104 in New Hampton, NH. Space is available from 1,200 sq.ft. to 65,000 sq.ft. The company is also developing Fairway Plaza, a 37,000 sq.ft. mixed-use center located in North Conway, NH. Space is available from 5,000 sq.ft. to 32,000 sq.ft. For more information, contact Joseph E. Harnan, KGI Properties, LLC; 401-273-8600 Ext. 329; Email: j.harnan@kgiproperties.com. Forest City is developing the following properties: Capper Carrollsburg, a 2.677-million sq.ft. mixed-use project located in Washington, DC; Central Station, a 19.485-million sq.ft. mixed-use project located in Chicago, IL; East River Plaza, a 500,000 sq.ft. power center project located in Manhattan, NY with cotenants including Costco, Target, Best Buy and Marshalls; Frisco North, a 16-million sq.ft. mixed-use center located in Frisco, TX; Konterra City Center East, a 2.5-million sq.ft. mixed-use center located in Prince George’s County, MD; Mill Basin, a 120,000 sq.ft. project located in Brooklyn, NY; The Shops at Oak Valley, a two-million sq.ft. mixed-use center located in Calimesa, CA; Waterfront Station, a 2.526-million sq.ft. mixed-use center located in Washington, DC, and The Yards, a 11.9-million sq.ft. center located in Washington, DC. For more information, contact Forest City, 50 Public Square, Suite 1026, Cleveland, OH 44113; 216-621-6060; Web site: www.forestcity.net. page 4
January 21, 2011
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Benderson Development is developing Gravelly Run Square, located at the intersection of U.S. Highway 40/U.S. Highway 322/Black Horse Pike and SR 575/ Wrangleboro Road in Mays Landing, NJ. Area retail includes Wrangleboro Consumer Square, featuring Kohl’s, Staples, BJ’s Wholesale Club, Dick’s Sporting Goods, Michaels, Joyce Leslie, Old Navy, Babies “R” Us, PetSmart, Target and Best Buy; Hamilton Mall, featuring Sears, JCPenney and Macy’s, and Hamilton Commons, featuring Regal Cinemas, The Sports Authority, Marshalls, Ross Dress for Less and Bed Bath & Beyond. Area demographics include a population of 272,702 within 15 miles earning $88,253 as the average household income. The company is also developing Canal Side, located at the intersection of Route 5 and Interstate 190 in Buffalo, NY. Area draws include HSBC Arena. Area demographics include a population of 847,971 within 15 miles earning $77,926 as the average household income. For more information, contact Benderson Development, 570 Delaware Avenue, Buffalo, NY 14202; 716-886-0211, Fax 716886-2269; Web site: www.benderson.com. National Realty & Development Corp. is developing Lincoln Plaza, a 197,500 sq.ft. community shopping center situated on 27.5 acres along Route 30/York Road in Gettysburg, PA. Spaces are available from 5,500 sq.ft. to 132,000 sq.ft. Area retail includes Giant and Peebles Plaza. Area demographics include a population of 162,977 within 15 miles earning $54,103 as the median household income. The average daily traffic count is 16,540 vehicles. Construction on the project is slated to begin during spring of 2012 with completion slated for spring of 2013. For more information, National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com. Breslin Realty is redeveloping a 17,000 sq.ft. property located along Route 112 in Medford, NY. Space is available from 1,000 sq.ft. to 12,000 sq.ft. Area retail includes Lowe’s Home Improvement, Target, BJ’s Wholesale Club and 7-Eleven. Area demographics include a population of 196,724 within five miles earning $83,847 as the average household income. The average daily traffic count is 27,900 vehicles. The asking rent is $18 psf NNN with CAM and taxes of $5 psf. For more information, contact Bill de Seve, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-7417400 Ext. 233, Fax 516-741-5621; Email: bdeseve@breslinrealty.com; Web site: www.breslinrealty.com.
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RD Management, LLC is preleasing Vineland Marketplace, a 273,657 sq.ft. project located at the intersection of Route 47/ Delsea Drive and Route 55/Old Union Lane Road in Vineland, NJ. Anchor and inline space are available along with outlots. Area retail includes Cumberland Mall, featuring Boscov’s, JCPenney, Bed Bath & Beyond, Marshalls, Michaels, BJ’s Wholesale Club and Home Depot. Area demographics include a population of 134,272 within 10 miles earning $59,827 as the average household income. The average daily traffic count is 20,180 vehicles. The company is also redeveloping a 170,150 sq.ft. former Kmart located at the intersection of NY Route 50/Saratoga Road and Glenridge Road in Glenville, NY into a community shopping center. Space is available along with a restaurant pad site. Target will anchor the project. Area demographics include a population of 88,456 within five miles earning $67,727 as the average household income. The average daily traffic count is 20,800 vehicles. For more information, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com. Garden Commercial Properties is developing Fair Lawn Promenade, a 100,000 sq.ft. mixed-use project located along Route 208 in Fair Lawn, NJ. Area demographics include a population of 495,028 within five miles earning $60,796 as the median household income. The company is also developing The Crossroads at Mahwah, a 600,000 sq.ft. project located at the intersection of State Route 17 and Interstate 287 in Mahwah, NJ. Area demographics include a population of 91,939 within five miles earning $92,600 as the median household income. For more information, contact Michael Gartenberg, Garden Commercial Properties; 973-467-5000 Ext. 200; Email: retail@gardenhomes.com; Web site: D M www.gardencommercial.com.
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Buyers and Sellers Franklin Street Real Estate is selling a Dollar General located along Orange Avenue in Ft. Pierce, FL. The tenant is bound to a new 15-year, NNN lease featuring four, five-year options and rent escalations at year 11 and of 10% at each increase. The asking price is $1.393 million with a Cap rate of 8.25%. The company is also selling a 0.8-acre parcel located along South Dale Mabry Highway in Tampa, FL. Area retail includes Lowe’s Home Improvement, Home Depot, Sam’s Club, Walmart Supercenter, Target, Publix and Sweetbay. Area demographics include a population of 91,048 within five miles earning $75,522 as the average household income. The average daily traffic count is 35,000 vehicles. The asking price is $550,000. For more information regarding the Dollar General, contact Mac McCall or Sean Attaway Molloy, Franklin Street Real Estate, 3525 Piedmont Road Northeast, Building 8, Suite 420, Atlanta, GA 30305; 404-8321253/1258, Fax 678-669-2412; Emails: mmccall@fsfp.com and sean.molloy@fsfp.com; Web site: www.franklinstreetfinancial.com. For more information regarding the Tampa property, contact Brian Bern or Ryan Derriman, 500 North Westshore Boulevard, Suite 750, Tampa, FL 33609; 813-658-3343/3359, Fax 813-8397330; Emails: brian.bern@fsfp.com and ryan.derriman@fsfp.com. Endura Advisory Group is selling a 16-acre parcel located at the intersection of Vance Jackson Road and North Loop 1604 West in San Antonio, TX. Area retail includes Bass Pro Shops, Palladium IMAX, Target, Best Buy, JCPenney, Lifetime Fitness, Ross Dress for Less, Cost Plus World Market, DSW, Old Navy, Nordstrom Rack, Dick’s Sporting Goods, Staples and Saks 5th Avenue. For more information, contact Jim Lundblad or Eric Lundblad, Endura Advisory Group, 9311 San Pedro, Suite 850, San Antonio, TX 78216; 210-366-2222; Emails: jlundblad@endurasa.com and elundblad@endurasa.com; Web site: www.endurasa.com. Restaurant Brokers & Developers, Inc. is selling a 10,310 sq.ft. restaurant situated on 2.02 acres located along Sherry Lane in Prince Frederick, MD. Trade-area demographics include a population earning $89,289 as the median household income. The average daily traffic count is 50,000 vehicles. The asking price is $3.1 million. For more information, contact Kaeti Bradley; Restaurant Brokers & Developers, Inc.; 800-424-7714; Email: kaeti.restconsultants@gmail.com.
Bobby Cox Cos., Inc. is selling the following Blockbuster Video locations: a 6,786 sq.ft. store situated on 1.36 acres along Andrews Highway in Midland, TX; a 6,760 sq.ft. store situated on 0.79 acres along South Glenstone Avenue in Springfield, MO; a 6,105 sq.ft. store located on 0.9 acres along North 1st Street in Abilene, TX; a 6,111 sq.ft. store situated on 0.9 acres along South Ft. Hood Street in Killeen, TX; a 6,108 sq.ft. store on 0.69 acres along East Highway 190 in Copperas Cove, TX; a 6,134 sq.ft. store located on 1.16 acres along West Walnut Street in Rogers, AR; a 6,134 sq.ft. store on 0.38 acres along West Sunset Avenue in Springdale, AR; a 6,108 sq.ft. store situated on 0.82 acres along Walton Drive in Bellmead, TX; a 6,000 sq.ft. store located on 1.5 acres along South Zero Street in Ft. Smith, AR; a 6,000 sq.ft. store on 1.15 acres along East Kearney Street in Springfield, MO, and a 7,420 sq.ft. store situated on 1.18 acres along Cache Road in Lawton, OK. For more information, contact Gerald Borron, Bobby Cox Cos., Inc., 4055 International Plaza, Suite 450, Ft. Worth, TX 76109; 800-897-8723 Ext. 6264. Marcus & Millichap Real Estate Investment Services negotiated the sale of the following Walgreens properties: a 14,469 sq.ft. store located along Richmond Highway in Alexandria, VA for $10.575 million; a 14,469 sq.ft. store situated at the intersection of Boswell Avenue and Richmond Highway in Alexandria, VA for $7.9 million; a 14,820 sq.ft. site along Twin Knolls Road in Columbia, MD for $6.07 million; a 13,200 sq.ft. store on Amherst Street in Winchester, VA for $5.863 million; a 14,550 sq.ft. store situated along Hoadly Road in Manassas, VA for $7.6 million, and a 14,784 sq.ft. store on Ritchie Highway in Severna Park, MD for $9.532 million. For more information, contact Dean Zang or Mark Taylor, Marcus & Millichap Real Estate Investment Services, 1628 JFK Boulevard, Suite 1200, Philadelphia, PA 19103; 215-531-7000, Fax 215-531-7010; Web site: www.marcusmillichap.com. Calkain Cos. is selling a 76,701 sq.ft. Regal Cinema situated on 23.6 acres along North State Road 7 in Royal Palm Beach, FL. The tenant is bound to a NNN lease set to expire during April 2018 featuring two, five-year options and rent escalations every five years. Area retail includes Burger King and Friendly’s. The NOI is $1.399 million. The asking price is $20 million with a Cap rate of 7%. For more information, contact Teal Henderson or Patrick Nutt, Calkain Cos.; 813282-6000; Emails: thenderson@calkain.com and pnutt@calkain.com; Web site: www.calkain.com. www.dealmakers.net
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Hanley Investment Group negotiated the $4.17 million sale of Town Center Plaza, a 5,789 sq.ft. center located at the intersection of Yorba Linda Boulevard and Lakeview Avenue in Yorba Linda, CA. At the time of sale, the center was 100% occupied with tenants including Coffee Bean & Tea Leaf, GameStop, Panda Express and AT&T Mobility. The company represented the seller, Festival Cos., and Roessler Investment Group represented the buyer in the transaction. The company is also selling Campus Plaza at USC, a 9,929 sq.ft. center located at the intersection of Figueroa Street and Adams Boulevard in Los Angeles, CA. Tenants at the center include T-Mobile, H&R Block and Jacks N’ Joe Diner. The average daily traffic count is 80,000 vehicles. The asking price is $5.33 million. For more information, contact Hanley Investment Group, 2030 Main Street, Suite 1650, Irvine, CA 92614; 949-5857610, Fax 949-585-7611; Web site: www.hanleyinvestment.com. Plaza Advisors negotiated the sale of Palm Bay West Shopping Center, a 263,356 sq.ft. center located at the intersection of Malabar Road and Minton Road in Palm Bay, FL. At the time of sale, the property was 91% leased with tenants including Winn-Dixie, Bealls, Ace Hardware and Dollar Tree. The company represented the seller, Edens & Avant, in the transaction. For more information, contact Jim Michalak, Plaza Advisors, 3412 Bay to Bay Boulevard, Tampa, FL 33629; 813-837-1300, Fax 813-831-2627; Email: jim.michalak@plazadvisors.com. Or Anthony Blanco, 5201 Blue Lagoon Drive, Suite 846, Miami, FL 33126; 305629-3606, Fax 305-647-6441; Email: anthony.blanco@plazadvisors.com. Massey Knakal Realty Services negotiated the $3.9 million sale of a retail building located along 86th Street between Bay Parkway and 21st Avenue in the Bensonhurst area of Brooklyn, NY. The company also negotiated the $2.05 million sale of three contiguous buildings with tenants bound to NNN leases along Pitkin Avenue in the Brownsville area of Brooklyn, NY. The company also negotiated the $1.6 million sale of a mixed-use building located at the intersection of 5th Avenue and 22nd Street in the Park Slope area of Brooklyn, NY. The price reflected a Cap rate of 6.7%. For more information, contact Massey Knakal Realty Services, 275 Madison Avenue, 3rd Floor, New York, NY 10016; 212-696-2500, Fax 212-696-0333; Web site: www.masseyknakal.com.
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Food Retailers Expand Nationwide Panchero’s Franchise Corp. trades as Panchero’s Mexican Grill at 55 locations throughout AZ, CO, CT, FL, IA, IL, MD, MI, MN, MO, NC, ND, NE, NJ, PA, SD, VA and WI. The Mexican restaurants occupy spaces of 2,200 sq.ft. to 2,400 sq.ft. in freestanding locations and endcaps of lifestyle, power and strip centers. Growth opportunities are sought throughout Phoenix, AZ as well as CA, CT, FL, IL, MO, MN, NE and NJ during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include Target, Best Buy and big-box retailers. Major competitors include Chipotle and Qdoba Mexican Grill. Preferred demographics include a daytime population of 20,000 within two miles earning $55,000 as the average household income. The company is franchising. For more information, contact Nanette Boyer, Panchero’s Franchise Corp., 2475 Coral Court, Suite B, Coralville, IA 52241; 319-545-6565, Fax 319-545-6570; Email: realestate@pancheros.com; Web site: www.pancheros.com. Bill Gray’s, Inc. trades as Bill Gray’s Restaurants and Tom Wahl’s at 22 locations throughout NY. The quick-service restaurants, offering burgers, fries, seafood and ice cream, occupy spaces of 6,000 sq.ft. to 9,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout Rochester, NY during the coming 18 months. Typical leases run five to 10 years with options. Preferred demographics include a population of 65,000 within five miles earning $40,000 as the average household income. The company prefers second-generation restaurant spaces with a bar. For more information, contact John Gonzalez, Bill Gray’s, Inc., 964 Ridge Road, Webster, NY 14580; 585-787-0150 Ext. 107, Fax 585-787-0816; Web site: www.billgrays.com. Flippers Pizzeria operates 11 locations throughout FL. The pizzerias occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout central, northern and southern FL during the coming 18 months, with representation by Central FL Commercial Brokers. The company requires sites with an outdoor seating area. For more information, contact Barry Wilder, Central FL Commercial Brokers; 407-461-3670, Fax 818-224-7147; Email: tagteam@earthlink.net; Web site: www.flipperspizzeria.com. page 6
January 21, 2011
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Panera Bread operates 1,421 locations nationwide. The bakery cafes occupy spaces of 3,200 sq.ft. to 4,500 sq.ft. in freestanding locations and endcaps of entertainment, lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout central, southern and western VA during the coming 18 months, with representation by Thalhimer. Typical leases run 10 years with four, five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include Target, Walmart and grocery stores. Major competitors include Atlanta Bread Co. and Au Bon Pain. Preferred demographics include a daytime and residential population of 20,000 within two miles earning $50,000 as the average household income. A land area of one acre is required for freestanding locations, and the company will also consider sites with a drive-thru. For more information, contact Connie Nielsen, Thalhimer, 11000 West Broad Street, Glen Allen, VA 23060; 804697-3569, Fax 804-697-3479; Email: connie.nielsen@thalhimer.com; Web site: www.panerabread.com. Sakura Garden operates 15 locations throughout CT and Westchester, NY. The restaurants occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in malls and power and strip centers. Growth opportunities are sought throughout the existing markets, as well as MA and RI, during the coming 18 months, with representation by Oxford Real Estate Services Group. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include supermarkets and apparel and big box retailers. Preferred demographics include a population of 30,000 within three miles earning $55,000 as the average household income. For more information, contact Michael Berke, Oxford Real Estate Services Group, 388 East Main Street, Branford, CT 06405; 203-483-2900, Fax 203-483-2999; Email: oxfordre@aol.com. Casual Restaurant Concepts, Inc. trades as Applebee’s at 49 locations throughout FL. The restaurants occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A land area of 1.5 acres is required. For more information, contact Steve Brown, Casual Restaurant Concepts, Inc., 205 South Hoover Boulevard, Suite 402, Tampa, FL 33609; 813-286-2006, Fax 813289-2950.
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Hungry Howie’s operates 564 locations nationwide throughout 22 states. The pizzerias occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Aries Deitch & Endelson. The company requires sites located on commercial thoroughfares near residential neighborhoods. Planet Wings operates 20 locations throughout NJ, NY and TN. The restaurants occupy spaces of 1,500 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout CT and Westchester, NY during the coming 18 months, with representation by Aries Deitch & Endelson. The company prefers to locate near high schools and colleges. For more information, contact Bill Grad, Aries Deitch & Endelson, 110 South Central Avenue, Hartsdale, NY 10530; 914-949-2800 Ext. 104, Fax 914-949-2424; Email: billgrad@ade-re.com; Web site: www.ade-re.com. J. Alexander’s operates 33 locations throughout AL, AZ, CO, FL, GA, IL, KS, KY, LA, MI, OH, TN and TX. The steakhouses occupy spaces of 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Long Island and Westchester, NY during the coming 18 months, with representation by Ripco Real Estate. Preferred demographics include a population of 200,000 within five miles earning $75,000 as the average household income. The company prefers sites with an average daily traffic count exceding 40,000 vehicles. For more information, contact Daniel Glazer, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880; Email: dglazer@ripcony.com; Web sites: www.ripcony.com and www.jalexanders.com. Pepe’s, Inc. trades as Pepe’s Mexican Restaurant at 50 locations throughout IL and IN. The Mexican restaurants occupy spaces of 3,000 sq.ft. in freestanding locations and mixed-use and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with 10-year options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 50,000 within three miles earning $40,000 as the average household income. For more information, contact Ed Ptak, Pepe’s, Inc., 1325 West 15th Street, Chicago, IL 60608; 312-733-2500, Fax 312-733-2564. DM
Real Estate Professionals Making the News Divaris Real Estate, Inc. (704-442-1988) hired Robert Podewils as general broker, Molly H. Burton as a sales and leasing agent, and Lawrence R. Agnew and Zachary W. Means as vice presidents at the company’s central VA office. Prior to joining the company, Podewils served as managing director and senior advisor at Sperry Van Ness; Burton served as a broker with The Shumacher Group, Grubb & Ellis Co. and Chelsea Commercial, and Agnew and Means served at The Wilton Cos. Levin Management Corp. (800-488-0768) hired Christopher Miele as a member of the company’s business development team. The company is a retail real estate firm based out of North Plainfield, NJ offering leasing, property management, accounting, construction management, marketing and risk management services. Yale Realty Services Corp. (914-289-0100) hired Paul Monaco as director of leasing. Prior to joining the company, he served as senior leasing representative for Acadia Realty Trust, and as senior leasing representative for DLC Management Corp.
Buyers and Sellers
Flynn Properties (860-508-4600) hired James D. Jepeal as chief financial officer. The company is an investment, development and management firm based in West Hartford, CT. Sharpe Properties (305-693-3500) formed a third-party property management division and appointed Mason Sharpe general counsel and vice president of property management and leasing. The company also named Brian Sharpe vice president of leasing and construction. He will be responsible for tenant relations and overseeing construction-related issues for the company’s third-party management division. The company is a privately-held, full-service real estate firm based in southern FL. Whitestone REIT (713-435-2221) named Bradford D. Johnson as director of acquisitions and dispositions. Prior to joining the company, he served as vice president of acquisitions and development for Campus Living Villages Funds Management REIT. The company owns, operates and redevelops visibly-located properties in established or developing culturally-diverse neighborhoods, with a focus on value creation and a diversified tenant base concentrated in services such as medical, education and casual dining. DM
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EAD II, LLC is selling a six-tenant shopping center located in Port St. Lucie, FL. The center is 100% leased. The asking price is $1.789 million. For more information, contact EAD II, LLC; 561-214-4707; Email: ead2info@gmail.com. Spake Real Estate negotiated the sale of a 15,066 sq.ft. former Ace Hardware situated on 0.35 acres along Sweeten Creek Road in Asheville, NC. For more information, contact Spake Real Estate, 83 Peachtree Road, Asheville, NC 28803; 828-277-9670; Web site: www.spakerealestate.com. Brauvin Real Estate is selling a Walmart located along 10th Street/U.S. Highway 181 North in Floresville, TX. The tenant is bound to a NNN lease. A 0.5-acre outlot is included. The asking price is $1.95 million with a Cap rate of 12.5%. For more information, contact James L. Brault or John Siragusa, Brauvin Real Estate, 205 North Michigan Avenue, Suite 1900, Chicago, IL 60601; 312-759-7664/7687; Emails: jlbrault@brauvin.com and D jsiragusa@brauvin.com. M
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Who’s Opening and Where Wal-Mart Stores, Inc. (479-273-4000) plans to open Walmart stores throughout southeastern WI during the coming several years, including four to five stores throughout the Milwaukee area. Potential openings include locations in South Milwaukee and Greendale, as well as two stores in Kenosha and a store in a former JCPenney at Timmerman Plaza, located along West Silver Spring Drive in Milwaukee. The company recently opened Walmart stores in Waukesha and Muskego, and also plans to open a 206,930 sq.ft. Walmart Supercenter in Longmont, CO. The store is slated to open early this year. Buffalo Wild Wings (800-499-9586) plans to open a restaurant on a 1.3-acre outlot at The Shops at Highland Village, a 351,631 sq.ft. mixed-use lifestyle center located at the intersection of FM 407 and Chinn Chapel Road in Highland Village, TX. Sprint and Inspired Yoga Studio are also slated to open locations at the center. The tenants will join AMC Theatres, Barnes & Noble, Ben & Jerry’s, Ann Taylor, Banana Republic, Bath & Body Works and Potbelly Sandwich Works at the center. Jo-Ann Stores, Inc. (330-656-2600) plans to open a 22,000 sq.ft. Jo-Ann Fabrics store in a portion of a former Sutherlands Lumber & Design Center at Thunderbird Plaza, located in Ft. Collins, CO. The store will replace an existing, smaller store located along South College Avenue in Ft. Collins, and is slated to open during the middle of this year. The company currently operates 750 stores nationwide throughout 48 states, including 15 locations in CO, and plans to open 30 stores this year and approximately 100 locations by 2015. Aldi, Inc. (630-879-8100) plans to open seven Aldi grocery stores throughout MiamiDade and Palm Beach counties in FL this year, including openings in Cutler Bay, Miami Gardens and Delray Beach. The company plans to open as many as 80 stores throughout the area during the next several years, and recently opened a location in Pembroke Pines, FL during December. The company currently operates 1,100 locations nationwide throughout 31 states. Giant Food, LLC (301-341-4100) will open a 41,000 sq.ft. Giant grocery store at the intersection of 3rd Street and H Street Northeast in Washington, DC. The store will be part of a redevelopment project at the corner which will include street-level retail and a 215-unit residential component, and is slated to open during the first quarter of 2013. page 8
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Lord & Taylor, LLC (212-391-3344) plans to open an 80,000 sq.ft. Lord & Taylor store at Westchester Ridge Hill, a 1.3-million sq.ft. mixed-use development currently under construction between New York State Thruway and Sprain Brook Parkway in Yonkers, NY. The store will anchor the center and join Whole Foods Market, L.L. Bean, Cinema De Lux, REI, Sephora, Orvis, Dick’s Sporting Goods, The Cheesecake Factory, Yard House, Texas de Brazil and Brio Tuscan Grille. The opening will be the company’s first since 2001, and its 11th in the state. The company currently operates 48 stores nationwide throughout nine states and Washington, DC. Burlington Coat Factory Warehouse Corp. (609-387-7800) plans to open a 70,000 sq.ft. Burlington Coat Factory store in a former Dillard’s at Virginia Center Commons, located in Henrico County, VA. The opening will be the company’s 19th in the state and the third in the Richmond, VA area, and is slated to open during the spring. The company currently operates 450 apparel stores nationwide throughout 44 states and Puerto Rico. Panera Bread Co. (314-633-7100) will open a 5,047 sq.ft. Panera Bread restaurant in a former Hollywood Video at Countrywood Shopping Center, located along Bancroft Road in Walnut Creek, CA. The restaurant is slated to open during the middle of next month, and will feature indoor and outdoor seating as well as a drive-thru. The company also plans to open a 3,700 sq.ft. restaurant at Plaza Escuela, located along Locust Street in Walnut Creek. The location is slated to open during mid-March. Discount Tire Co. (425-424-2010) will open a Discount Tire store along White Mountain Road in Show Low, AZ. The store is currently under construction and slated to open during early or mid-spring. The company currently operates 67 locations throughout the state. Best Buy Co., Inc. (612-291-1000) plans to open a 30,000 sq.ft. Best Buy store located along National Road East in Richmond, IN. The store is currently under construction and slated to open during June. Recreational Equipment, Inc. (253-3953780) will open a two-story, 25,000 sq.ft. REI store at Stonebridge at Potomac Town Center, located in Woodbridge, VA. The store is slated to open during the spring of next year. The company currently operates 114 locations, offering outdoor gear and apparel, nationwide.
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Sheetz, Inc. (814-946-3611) will open a 6,500 sq.ft. Sheetz location in a former Taco Bell located along Route 601 in Somerset, PA. The store will feature indoor and outdoor seating along with a drive-thru, and will replace an existing location in the area. Construction is slated to begin during the spring with an opening expected for spring of next year. The company currently operates 366 locations throughout six states nationwide, including more than 200 in PA. Bi-Mart Corp. (541-344-0681) plans to open a 30,000 sq.ft. Bi-Mart discount store at the intersection of Railroad Street and Wharf Street in Brookings, OR. The store is slated to open during December and will feature a pharmacy, housewares, sporting goods, automotive items, hardware, health and beauty supplies, toys, clothing, shoes and alcoholic beverages. The company currently operates 72 locations throughout ID, OR and WA. Safeway, Inc. (925-467-3000) will open a Safeway grocery store at the intersection of Georgia Avenue and Reedie Drive in Wheaton, MD. The store will be part of a 17-story mixed-use building featuring a 486unit multifamily component, and will replace an existing location in the city. The store is slated to open by the middle of next year. Dick’s Sporting Goods, Inc. (724-2733400) plans to open a 47,124 sq.ft. Dick’s Sporting Goods store in a former Books-AMillion at Jubilee Square, a center located along Interstate 10 in Daphne, AL. The store is slated to open during the spring. The company currently operates 440 locations nationwide. Harris Teeter, Inc. (704-844-3100) will open a 45,000 sq.ft. Harris Teeter grocery store along Merrimon Avenue in Asheville, NC. The store is slated to open during 2013. Publix Super Markets, Inc. (863-688-1188) will open a Publix supermarket at the intersection of Stadium Parkway and Viera Boulevard in Viera, FL. The store is slated to open during the spring of next year. The company currently operates 736 locations throughout the state. In-N-Out Burger, Inc. (949-509-6200) will open a 3,500 sq.ft. In-N-Out Burger restaurant at South Poway Business Park, located at the intersection of Scripps Poway Parkway and Community Road in Poway, CA. The restaurant will join Kohl’s and Staples at the center. The company currently operates 247 locations throughout AZ, CA, NV and UT. DM
Lease Signings Crosland (704-529-1166) negotiated leases with Blis Salon for 885 sq.ft. and Flip Flop Shops for 978 sq.ft. at Blakeney, a 270-acre mixed-use development located in Charlotte, NC. The company also negotiated a lease with Doolittle’s for 1,779 sq.ft. at Sharon Corners, located in Charlotte, NC. The company also negotiated a lease with Snap Fitness for 2,806 sq.ft. at Austin Village, a 100-acre mixed-use development located at the intersection of Potter Road and Chestnut Lane in Indian Trail, NC. Harris Teeter anchors the center. The company also negotiated a lease with Outdoor Living for 3,835 sq.ft. at Blakeney Crossing, an 87,000 sq.ft. center located at the intersection of Ardrey-Kell Road and Rea Road in Charlotte, NC. The center is anchored by Best Buy and PetSmart and cotenants include Winestore, Asian Fusion, Salsarita’s Fresh Cantina and Omaha Steaks. Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated the following leases throughout WI: with Cost Cutters for 1,200 sq.ft. at Indian Trail Plaza, located at the intersection of Highway 31 and 67th Street in Kenosha; with Subway for 1,200 sq.ft. at Southport Plaza, located in Kenosha; with Christiano’s Pizza for 2,560 sq.ft. at Oshkosh Center II, located along South Koeller Road in Oshkosh, and with Aspen Dental for 3,202 sq.ft. at Prairie Ridge Commons, located along 76th Street in Pleasant Prairie. Soloff Realty & Development, Inc. (610-8340400) negotiated a lease with Panda Express for space at Market at Comcast, located at the intersection of 17th Street and JFK Boulevard in Philadelphia, PA. Anchor Commercial|Corfac International (843-277-4322) negotiated a lease with EZ Bingo! for 8,200 sq.ft. along St. Andrews Road in Columbia, SC. The company also negotiated a lease with Goodwill Industries of Lower SC, Inc. for 12,000 sq.ft. at Green Myers Retail Center, located along Clements Ferry Road in Charleston, SC. Michael Salove & Co. (215-568-2600) negotiated leases with Popeye’s for 2,069 sq.ft. along Northeast Boulevard in Wilmington, DE and for a 2,152 sq.ft. endcap space at Darby Town Center, located in Darby, PA. Cotenants at the Darby center include SaveA-Lot, Dollar Time and Wine & Spirits. Legend Properties, Inc. (610-941-4034) negotiated a lease with Tiffin Indian Cuisine for 5,000 sq.ft. along South Broad Street in Philadelphia, PA.
Sources of Financing
Centro Properties Group (212-869-3000) signed the following leases: with Boost Mobile for 900 sq.ft. at Westheimer Commons, located at the intersection of Westhiemer Road and South Dairy Ashford Road in Houston, TX; with You’ve GOT To Be Beading! for 1,401 sq.ft. at Waterford Commons, located at the intersection of Interstate 95/Interstate 395 and Hartford Turnpike in Waterford, CT; with GameStop for 2,400 sq.ft. at Congress Crossing, located at the intersection of Decatur Pike/Route 20 and Congress Parkway/Highway 11 in Athens, TN; with Star Rise Academy for 4,000 sq.ft. at Country Hills Shopping Center, located at the intersection of Crenshaw Boulevard and Rolling Hills Road in Torrance, CA, and with Good Tequilas Mexican Grill for 5,192 sq.ft. at Elk Grove Town Center, located at the intersection of Biesterfield Road and South Arlington Heights Road in Elk Grove Village, IL. NAI Friedland, Inc. (914-968-8500) negotiated the following leases throughout Bronx, NY: with Bronx Discount Linen & More for 2,800 sq.ft. along Southern Boulevard; with Dollar Tree for 10,600 sq.ft. along Louis Nine Boulevard, and with Brightside Academy for 11,000 sq.ft. along Newbold Avenue. Segall Group (410-753-3000) negotiated a lease with Chipotle Mexican Grill for 2,900 sq.ft. along Boston Street in Canton, MD. The company represented the tenant and Artios Retail represented the landlord in the transaction. Winick Realty Group (212-792-2600) negotiated a lease with Smart Fashion for 2,000 sq.ft. along West 36th Street between Broadway and 7th Avenue in Manhattan, NY. LaKrtiz-Weber & Co. (248-353-9494) negotiated a lease with Lovely Nails, Inc. for 1,302 sq.ft. at Canton Gateway Shopping Center, located along Canton Center Road in Canton, MI. The company also negotiated a lease with Checker’s for 1,763 sq.ft. at Corunna Marketplace, located along Corunna Road in Flint, MI. Atlantic Retail Properties (561-427-6699) negotiated a lease with Petco for space along Congress Boulevard in Boynton Beach, FL.
George Smith Partners provided a $17.2 million, two-phase construction loan to Upside Investments for the redevelopment of Carriage Square, a 170,000 sq.ft. retail project situated on 16 acres in Oxnard, CA with tenants including Lowe’s Home Improvement, IHOP, 7-Eleven, KFC and Kragen. The loan featured a term of 30 months with two, one-year extensions. For more information, contact George Smith Partners, MGM Tower, 10250 Constellation Blvd., Suite 2700, Los Angeles, CA 90067; 310-557-8336; Fax 310-5571276; Web site: www.gspartners.com. Meridian Capital Group, LLC arranged the following in financing throughout NY: $40 million for a 226,800 sq.ft. retail property located along Broadway in the SoHo area of New York; $22.5 million for Chelsea Stratus, a 16,000 sq.ft. retail condominium located in New York, and $20 million for a 36,000 sq.ft. retail property located along Broadway in the SoHo area of New York. The company also arranged the following: $39.5 million in financing for North Haven Commons, a 196,000 sq.ft. center located in North Haven, CT; $23 million in financing for Botany Plaza, a 198,000 sq.ft. center located in Clifton; NJ; $13 million in financing for Village West, a 133,600 sq.ft. center located in Allentown, PA; $10.1 million in financing for a 44,000 sq.ft. retail condominium located along Biscayne Boulevard in Miami, FL; $9.5 million in financing for Marlton Crossing, a 309,790 sq.ft. center located in Marlton, NJ, and $8 million in financing for Edinger Plaza, a 96,000 sq.ft. center located in Santa Ana, CA. For more information, contact Meridian Capital Group, LLC, 1 Battery Park Plaza, 27th Floor, New York, NY 10004; 212-9723600; Web site: www.meridiancapital.com. Metropolitan Capital Advisors, Ltd. arranges debt and equity financing for commercial real estate properties on behalf of developers, investors and owners. Construction financing, fixed-rate mortgages and mezzanine loans are available. For more information, contact Metropolitan Capital Advisors, Ltd., 18111 Preston Road, Suite 650, Dallas, TX 75252; 972267-0600, Fax 972-267-0606; Web site: www.metcapital.com. DM
Cushman & Wakefield (407-841-8000) negotiated a seven-year lease with Tropical Smoothie Café for 1,064 sq.ft. of University Tower in Research Park, located in Orlando, FL. DM www.dealmakers.net
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Lead Sheet Country Visions dba Apricot Lane Terry Odneal 3333 Vaca Valley Parkway, Suite 700 Vacaville, CA 95688 707-451-6890 Ext. 106, Fax 707-451-0410 Email: terry@apricotlanefranchise.com Web site: www.apricotlaneusa.com
Accessories The 39-unit chain operates locations throughout AZ, CA, CT, FL, IL, IN, KS, KY, MO, MT, ND, NY, OH, OK, PA, TN, TX, UT, VA, WA and WV. The upscale stores, offering women’s fashions, accessories and gifts, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in malls and lifestyle and power centers, as well as urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with a fiveyear option. A vanilla shell is required. The company is franchising.
The Jeanery, Ltd. dba City Streets Richard Salsman or Gary Fullerton 1065 Barrington Street Halifax, Nova Scotia, Canada B3H 2P8 902-453-1933, Fax 902-492-4678
Apparel The six-unit chain operates locations throughout Canada. The apparel stores occupy spaces of 1,100 sq.ft. to 2,400 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months. The company will also consider sites of up to 4,000 sq.ft.
Belle Tire Kelly Esman c/o Kelly Esman & Associates 567 Chesterfield Avenue Burmingham, MI 48009 248-561-4700, Fax 248-642-3060 Email: kellyesman@aol.com
Automotive The 80-unit chain operates locations throughout MI and OH. The automotive service centers occupy spaces of 9,500 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Kelly Esman & Associates. A land area of one acre is required.
Carsmetics Express Accident Repair Rick Riccardi c/o NJ Commercial Realty, Inc. 5 Farm Road Randolph, NJ 07869 917-846-5842, Fax 973-366-1705 Web site: www.carsmetics.com
Automotive The 19-unit chain operates locations throughout CA, FL and GA. The automotive centers, offering body and paint repair, occupy spaces of 5,500 sq.ft. to 7,500 sq.ft. in endcaps of shopping centers and freestanding locations. Plans call for six openings within Bergen, Essex, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset and Union counties in NJ during the coming 18 months, with representation by NJ Commercial Realty, Inc. Preferred cotenants include Walmart Supercenter, home improvement retailers, supermarkets and auto rental service centers.
Schiebout Tire, Inc. dba Heartland Car Care Steve Roozeboom 815 West 10th Street Pella, IA 50219 Email: sroozeboom@stctire.com
Automotive The seven-unit chain operates locations throughout IA. The automotive service centers occupy spaces of 7,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers site submittals to be sent via e-mail.
7-Eleven Canada, Inc. dba 7-Eleven Paul Jhooty 13450 102nd Avenue, Suite 2400 Surrey, British Columbia, Canada V3T 0C3 604-586-1615, Fax 604-586-1507 Email: paul.jhooty2@7-11.com Web site: www.7-eleven.com
Convenience The 500-unit chain operates locations throughout Canada. The convenience stores occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, mixed-use and strip centers and urban/downtown areas. Growth opportunities are sought throughout Alberta, British Columbia, Ontario and Winnipeg, Canada during the coming 18 months. Typical leases run 10 years with options. The company prefers to locate in areas with suitable parking, a high population density and strong traffic counts.
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Dealmakers
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Lead Sheet Han Dee Hugos Gene Hammond 3309 Drake Circle Raleigh, NC 27607 919-785-1904
Convenience The 80-unit chain operates locations throughout NC. The convenience stores occupy freestanding locations situated on a land area of 1.2 acres. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run three years. A vanilla shell and specific improvements are required.
HN Funkhouser & Co. dba Handy Mart Bob Claytor PO Box 2038 Winchester, VA 22604 540-662-9000, Fax 540-662-8165
Convenience The 20-unit chain operates locations throughout VA and WV. The convenience stores occupy spaces of 2,100 sq.ft. to 7,200 sq.ft. in freestanding locations. Growth opportunities are sought throughout the northern Shenandoah Valley area of VA during the coming 18 months. Typical leases run 10 to 15 years. A land area of 1.5 to four acres is required.
Fairway Sales Co. dba Fairway Discount Store Paul Harmon 1071 West Saginaw Road Vassar, MI 48768 989-823-2222, Fax 989-823-7161
Discount The nine-unit chain operates locations throughout MI. The discount stores occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months.
Family Dollar Penny Wickey, Daniel Neaton or Peter Yeskey c/o Saugatuck Commercial Real Estate, LLC 9 Burr Road Westport, CT 06880 203-222-4194/4188/4195 Emails: pwickey@saugatuckcommercial.com, dneaton@saugatuckcommercial.com and pyeskey@saugatuckcommercial.com Web site: www.saugatuckcommercial.com
Discount The 6,800-unit chain operates locations throughout 44 states nationwide. The discount stores occupy spaces of 8,500 sq.ft. to 10,000 sq.ft. Growth opportunities are sought throughout Fairfield and Litchfield counties in CT during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC.
Audio Express Jay Cohen c/o L3 Corp. 12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: jay@l3corp.net Web site: www.l3corp.net
Electronics The 38-unit chain operates locations throughout AZ, CA, CO, IL, MO, NM, NV and TX. The electronics stores, offering name-brand car audio, video and electronics systems, occupy spaces of 4,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp.
Cellular Sales Marc Mandel c/o Fameco Real Estate 633 West Germantown Pike, Suite 200 Plymouth Meeting, PA 19462 610-834-8000, Fax 610-834-1793 Email: mmandel@famecoretail.com Web site: www.famecoretail.com
Electronics The chain operates locations throughout the southern, midwestern and mid-Atlantic regions of the U.S. The electronics stores, offering cell phones and related services and accessories, occupy spaces of 2,000 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout DE; central-tosouthern NJ and central-to-eastern PA during the coming 18 months, with representation by Fameco Real Estate. The company prefers sites with strong visibility.
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Lead Sheet Family Amusement, Inc. dba Replay, Nickelodeon and Times Square Carl Schmitt 1330 London Lane Glenview, IL 60025 847-486-9730
Entertainment The six-unit chain operates locations throughout the midstates region of the U.S. The family amusement centers occupy spaces of 1,500 sq.ft. to 4,000 sq.ft. in regional malls and lifestyle and entertainment centers. Plans call for two openings within the midwestern region of the U.S. during the coming 18 months. Typical leases run three to five years. Preferred cotenants include movie theaters and food courts.
Versent Corp. dba Laser Quest Randy Iaboni c/o Iaboni Real Estate, Inc. 733 7th Street West Palmetto, FL 34221 941-981-5335 Ext. 12, Fax 941-981-5334 Email: randy@iabonirealestate.com Web site: www.laserquest.com
Entertainment The 58-unit chain operates locations nationwide and throughout Canada. The laser tag centers occupy spaces of 9,700 sq.ft. to 10,000 sq.ft. in freestanding locations and entertainment, power and strip centers. Growth opportunities are sought throughout the northeastern U.S., as well as CA; Atlanta, GA; Charlotte, NC and Jacksonville, the greater Tampa Bay area and Miami, FL, as well as Edmonton, Oakville and Whitby, Canada, during the coming 18 months, with representation by Iaboni Real Estate, Inc. Typical leases run 10 years with three, five-year options. Preferred demographics include a population of 250,000 within five miles earning $50,000 as the median household income.
Amscot Financial Joseph Monaco 600 North Westshore Boulevard, Suite 1200 Tampa, FL 33609 813-637-6237, Fax 813-637-6232 Email: jmonaco@amscotfinancial.com Web site: www.amscotfinancial.com
Finance The 170-unit chain operates locations throughout central FL. The financial service centers occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in inline spaces of shopping centers. Growth opportunities are sought throughout Brevard, the Orlando metropolitan area and Volusia, FL during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 19,000 within three miles earning $35,000 as the average household income.
B&G, LLC dba Get In Shape For Women Bill Grad c/o Aries Deitch & Endelson 110 South Central Avenue Hartsdale, NY 10530 914-949-2800 Ext. 104, Fax 914-949-2424 Email: billgrad@ade-re.com Web site: www.ade-re.com
Fitness The 50-unit chain operates locations throughout New England. The fitness centers occupy spaces of 1,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout Fairfield County, CT during the coming 18 months, with representation by Aries Deitch & Endelson. The company prefers to locate in affluent neighborhoods.
Monkey Joe’s Harold Shumacher c/o The Shumacher Group 3188 Saybrook Drive Atlanta, GA 30319 404-240-0040, Fax 404-266-9271 Email: harold@shumacher.com Web site: www.shumacher.com
Fitness The 59-unit chain operates locations throughout FL, GA, IA, IL, IN, KY, MA, MD, MO, MS, NC, PA, SC, TN, TX, VA and WI. The indoor inflatable gyms for children occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in strip centers. Plans call for one to three openings within the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. A vanilla shell and specific improvements are required. Preferred cotenants include discount and grocery stores. Preferred demographics include a population of 25,000 children under the age of nine within 10 miles in households earning $50,000 as the average income. Major competitors include Pump It Up. The company is franchising.
JC Sales Kelvin Chen c/o ReMax 2000 Realty 17843 Colima Road Rowland Heights, CA 91748 626-826-8886, Fax 626-810-1777 Email: kelvinchen88@yahoo.com
General Merchandise The two-unit chain operates locations in CA. The stores, offering health, beauty, household and general merchandise items, occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by ReMax 2000 Realty.
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Lead Sheet Things Remembered Corp. dba Things Remembered – Personalized Gifts Director of Real Estate 5500 Avion Park Drive Highland Heights, OH 44143 Web site: www.thingsremembered.com
Gifts The 600-unit chain operates locations nationwide. The stores, offering personalized gift items, occupy spaces of 180 sq.ft. in kiosks, 1,500 sq.ft. in malls and up to 1,500 sq.ft. in lifestyle centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers site submittals to be sent via mail.
Fred Meyer Jewelers, Inc. dba Fred Meyer Jewelers, Littman Jewelers and Barclay Jewelers Dave Schmidt 3800 Southeast 22nd Avenue Portland, OR 97202 503-797-3874, Fax 503-797-7699 Email: dave.schmidt@fredmeyer.com Web site: www.fredmeyerjewelers.com
Jewelry The 375-unit chain operates locations nationwide. The jewelry stores occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in enclosed malls. Growth opportunities are sought throughout AK, CA, CT, DE, IN, MD, MI, NJ, NY, OR, PA, TN, UT and WA during the coming 18 months. Typical leases run 10 years. Preferred cotenants include other jewelry stores and upscale fashion retailers. Preferred demographics include a population of 200,000 within five miles earning $48,000 to $58,000 as the average household income.
Party Fair, Inc. dba Party Fair David Silverstein 4345 Route 9 Freehold, NJ 07728 732-780-1110, Fax 732-780-5174 Web site: www.partyfair.com
Party Supplies The 24-unit chain operates locations throughout NJ, NY and PA. The party supply stores occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout NJ during the coming 18 months.
Basketball City Bruce Radler Pier 36 @ South Street New York, NY 10002 212-233-5050, Fax 212-233-6161 Email: bruce@basketballcity.com Web site: www.basketballcity.com
Specialty The two-unit chain operates locations in MA and NY. The sports facilities, featuring basketball and volleyball courts, weight rooms and youth and community outreach programs, occupy spaces of 40,000 sq.ft. to 50,000 sq.ft. in urban/downtown areas. Growth opportunities are sought nationwide and throughout major metropolitan markets in Canada during the coming 18 months. Typical leases run 20 years. The company prefers to locate near central business districts, and will consider unique spaces.
Lakes Singer Center dba Mulqueen Sewing & Vacuums Mr. Pat Mulqueen 3716 East Main Street Mesa, AZ 85205 480-545-0778, Fax 480-545-8266 Web site: www.sewshop.com
Specialty The five-unit chain operates locations throughout AZ. The stores, offering vacuum cleaners and related products, occupy spaces of 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Phoenix, AZ during the coming 18 months. The company prefers to acquire sites. A land area of 0.5 acres is required.
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
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Montgomery – Country Club Center, a 67,622 sq.ft. center situated on 3.5 acres along Carter Hill Road, has spaces available of 1,500 sq.ft. and 4,500 sq.ft. Winn-Dixie anchors the center and cotenants include Martin’s Restaurant, Brenner’s Shoe Repair, Pro Nails, GNC, Hair Odyssey, Subway, Young’s Beauty Supply, China Sea, Rite Aid, Check Into Cash, Hungry Howie’s, Cellular Plus and Jim Massey Cleaners. Area demographics include a population of 157,574 within five miles earning $35,524 as the median household income. For details, contact Eric Frankel, Lexington Realty International, 911 East County Line Road, Lakewood, NJ 08701; 888-574-8882, Fax 732-3638006; Email: eric@lexingtonco.com; Web site: www.lexingtonco.com.
Cotenants include RadioShack, Citizens Bank, GNC, Sally Beauty Supply, Dollar Tree, Payless ShoeSource, Fashion Bug, DQ Grill & Chill and Ruby Tuesday. Area retail includes Lowe’s Home Improvement, Stop & Shop, Walmart, CVS and Walgreens. Area demographics include a population of 109,830 within five miles earning $77,795 as the average household income. The average daily traffic count is 87,000 vehicles. The asking rent is $15 psf NNN. Glastonbury – The Shops at Somerset Square, located along Glastonbury Boulevard, has spaces available of 2,300 sq.ft. and 2,364 sq.ft. Cotenants include Talbots, White House|Black Market, Victoria’s Secret, Lux Bond & Green, Chico’s, Ann Taylor, Jos. A. Bank, Coldwater Creek, J. Jill, Starbucks, Max Fish and Max Amore. Area demographics include a population of 562,216 within 10 miles earning $74,642 as the average household income. The asking rent is $32 psf NNN. Orange – A center located at the intersection of Bull Hill Lane and Boston Post Road has spaces available of 1,750 sq.ft. and 2,500 sq.ft. Cotenants include Verizon Wireless and David’s Bridal. Area retail includes
Target, Home Depot, Best Buy, Kohl’s and Stop & Shop. Area demographics include a population of 188,653 within five miles earning $70,915 as the average household income. The average daily traffic count is 50,000 vehicles. The asking rent is $19 psf NNN. Westport – Playhouse Square, located along Post Road East, has spaces available of 1,200 sq.ft.; 1,800 sq.ft.; 1,900 sq.ft. and 2,800 sq.ft. Cotenants include Kennedy’s and Massage Envy. Area retail includes Tiffany & Co., Restoration Hardware, J. Crew, Brooks Bros., Banana Republic, Gap, Talbots, Pottery Barn, Klaffs and Ann Taylor. Area demographics include a population of 114,449 within five miles earning $161,691 as the average household income. The average daily traffic count is 41,000 vehicles. The asking rent is $38 psf NNN. For details regarding the Cromwell property, contact Jason Wuchiski or Kristen Martin, RHYS Commercial; 203-6531737/1739; Emails: jwuchiski@rhysre.com and kmartin@rhysre.com. For details regarding the Glastonbury and Westport properties, contact Jason Wuchiski, Kristen Martin or Dominick Musilli; 203-6531733; Email: dmusilli@rhysre.com. For details regarding the Orange property, contact Jason Wuchiski, Dominick Musilli or Michael Weiner; 203-653-1738; Email: mweiner@rhysre.com.
Connecticut Cromwell – Cromwell Square, located along Shunpike Road, has spaces available of 3,000 sq.ft.; 3,620 sq.ft. and 6,000 sq.ft. along with two spaces of 1,500 sq.ft. Big Kmart and XPect Discount anchor the center.
Florida Hollywood – Hollywood Festival, a 138,056 sq.ft. center located at the intersection of Taft Street and 66th Street, has spaces available from 1,200 sq.ft. including a 9,600 sq.ft. endcap. Winn-Dixie and CVS anchor the center. Cotenants include Family Dollar, Bealls, Wingstop, RadioShack and PinchA-Penny. Area demographics include a population of 149,178 within three miles earning $61,416 as the average household income. The asking rent ranges from $14 psf to $16 psf with CAM of $4.75 psf. For details, contact Timothy Neal, Neal Realty & Investments, Inc., 3300 North Federal Highway, Suite 250, Ft. Lauderdale, FL 33306; 954-568-0530; Email: tim@nealrealty.net; Web site: www.nealrealty.net. Punta Gorda – Schoolhouse Square, a strip center located at the intersection of Harborview Road and Kings Highway, has a 42,112 sq.ft. anchor space available. For details, contact Carlos Acosta, Grubb & Ellis|1st Commercial, 7950 Summerlin Lakes Drive, Suite 2, Ft. Myers, FL 33907; page 16
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239-210-7609, Fax 239-210-7619; Email: carlos.acosta@grubb-ellis.com; Web site: www.grubb-ellis.com.
sq.ft. and 6,931 sq.ft. Food 4 Less anchors the center and cotenants include O’Reilly Auto Parts and Chiro One Wellness. Area demographics include a population of 231,221 within five miles earning $76,705 as the average household income. The average daily traffic count is 33,000 vehicles. Oak Lawn – Oak Lawn Town Center, a 12,506 sq.ft. center, has spaces available of 1,306 sq.ft. and 2,732 sq.ft. Potbelly Sandwich Works anchors the center and cotenants include Qdoba Mexican Grill and T-Mobile. Area demographics include a population of 454,908 within five miles earning $69,044 as the average household income. The average daily traffic count is 39,000 vehicles. Orland Park – Orland Greens, a 45,031 sq.ft. power center, has spaces available of 1,575 sq.ft. and 2,480 sq.ft. Dominicks anchors the center and cotenants include Dollar Tree, Spree and Merle Norman. Area demographics include a population of 186,294 within five miles earning $94,100 as the average household income. The average daily traffic count is 44,200 vehicles. For details regarding the Naperville, Oak Forest and Oak Lawn properties, contact
Don Gill, Inland Real Estate Corp., 2901 Butterfield Road, Oak Brook, IL 60523; 877-206-5656, Fax 630-645-7259; Email: gill@inlandrealestate.com. For details regarding the North Aurora property, contact Allison Kuchny; Email: kuchny@inlandrealestate.com. For details regarding the Orland Park property, contact Fawn Le; Email: le@inlandrealestate.com.
Illinois Naperville – Hartford Plaza, a 43,762 sq.ft. strip center, has spaces available of 1,320 sq.ft. and 6,500 sq.ft. The Tile Shop anchors the center and cotenants include Anytime Fitness and Nancy’s Pizza. Area demographics include a population of 253,352 within five miles earning $119,114 as the average household income. The average daily traffic count is 36,300 vehicles. North Aurora – North Aurora Town Centre, a 500,000 sq.ft. power center, has two spaces of 16,000 sq.ft. available. Target and Michaels anchor the center and cotenants include La-Z-Boy, Verizon Wireless and Hair Cuttery. Area demographics include a population of 165,982 within five miles earning $74,844 as the average household income. The average daily traffic count is 26,400 vehicles. Oak Forest – Oak Forest Commons, a 108,330 sq.ft. power center, has spaces available of 984 sq.ft.; 4,000
Maryland Annapolis – Village at Lee Airpark, an 84,265 sq.ft. center located at the intersection of MD Route 2 and Maryland Avenue, has spaces available from 1,240 sq.ft. to 2,717 sq.ft. along with two one-acre outlots. Giant anchors the center and cotenants include GNC, Subway, Hair Cuttery, Panera Bread, Orchid Nails and Spa, Hong Kong Express, TD Bank, BB&T Bank and PNC Bank. Area retail includes Kmart, Food Lion and Safeway. Area demographics include a population of 32,598 within three miles earning $118,103 as the average household income. The average daily traffic count is (continued on page eighteen)
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50,800 vehicles. Baltimore – Southside Marketplace, a 125,146 sq.ft. center located along East Fort Avenue, has spaces available from 1,200 sq.ft. to 4,500 sq.ft. Shoppers Food Warehouse anchors the center and cotenants include USHA Salon & Day Spa, The UPS Store, World Cleaners, Wirocity, Hunan Empire, Subway, Goodwill Industries, RadioShack, Pet Valu, GNC, Discount Cigarettes, Great Clips, Wachovia, Lucky Nails, H&R Block, Rite Aid, Family Dollar, Ledo Pizza, Goodyear and McDonald’s. Area demographics include a population of 213,215 within three miles earning $51,848 as the average household income. For details regarding the Annapolis property, contact Brian Greene, Regency Centers; 703-442-4331; Email: briangreene@regencycenters.com; Web site: www.regencycenters.com. For details regarding the Baltimore property, contact Geoff Mackler; 410-308-6388; Email: gmackler@hrretail.com. Landover – King Shopping Center, located at the intersection of Martin Luther King Jr. Highway and Belle Haven Drive, has spaces available of 1,900 sq.ft. and 3,000 sq.ft. Shoppers Food Warehouse and CVS anchor the center. Area demographics include a population of 347,330 within five miles earning $69,921 as the average household income. The average daily traffic count is 29,202 vehicles. For details, contact Steve Solomon or Jason Whittington, Solomon Real Estate, 8701 Georgia Avenue, Suite 601, Silver Spring, MD 20910; 301-565-3333, Fax 301-5653337; Emails: steve@solomonreal.com and jason@solomonreal.com.
Massachusetts Easton – Highlands Plaza, a 297,395 sq.ft. center located along Robert Drive, has space available. Target, Hannaford and T.J. Maxx anchor the center. Cotenants include GameStop, Hallmark, Koko FitClub, Liberty Mutual, PieZonie’s, RadioShack, Sleepy’s and Supercuts. Area demographics include a population of 383,708 within 10 miles earning $87,214 as the average household income. The average daily traffic count is 24,000 vehicles. Roxbury – Quincy Commons, located at the intersection of Quincy Street and Blue Hill Avenue, has a 5,800 sq.ft. space available. Area retail includes Super Stop & Shop, Bank of America, CVS and Dunkin’ Donuts. Area demographics include a population of 406,055 within three miles page 18
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earning $79,376 as the average household income. Weymouth – Riverway Plaza, a 265,000 sq.ft. center located along Bridge Street, has a 3,160 sq.ft. space available. Lowe’s Home Improvement, Staples and Michaels anchor the center. Cotenants include CVS, D’Angelo’s/Papa Gino’s, Dollar Tree and Margarita’s. Area retail includes Marshalls, Stop & Shop and Old Navy. Area demographics include a population of 349,031 within a 20-minute drive-time earning $86,601 as the average household income. For details, contact Samuels & Associates, 333 Newbury Street, Boston, MA 02115; 617247-3434; Email: leasing@samuelsre.com; Web site: www.samuelsre.com.
as the median household income. Hazlet – A divisible 100,000 sq.ft. former Bradlee’s located at the intersection of Route 36 and Poole Avenue is available. Area retail includes ShopRite, Perkins, H&R Block, Carvel and Stop & Shop. Area demographics include a population of 135,560 within five miles earning $85,194 as the median household income. Linden – Linden Plaza, located at the intersection of Route 1&9 and West Edgar Road, has a 23,448 sq.ft. space available. Walmart anchors the center and cotenants include Modell’s, dressbarn, Sleepy’s, RadioShack, Casual Male, Lucille Roberts and C-Town Supermarket. Area retail includes Sears and Aldi. Area demographics include a population of 1.677 million within 10 miles earning $63,820 as the median household income. The average daily traffic count is 98,945 vehicles. For details, contact Christa Minogue, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-7105247; Email: christa.minogue@srsre.com; Web site: www.srsre.com. For additional details regarding the Linden property, contact Erin Grace; 212-710-5257; Email: erin.grace@srsre.com.
Minnesota Alexandria – Viking Plaza, a 208,394 sq.ft. center situated on 25 acres along Highway 29, has space available. along with outlots Herbergers, JCPenney and Jo-Ann Fabrics anchor the center. Cotenants include Alex Travel, Allstate Insurance, Bath & Body Works, Bayfield’s Bake Shop & Grill, Book World, Brass Lantern, Christopher & Banks, Cindy’s Ice Cream & Coffee Shop, Claire’s, D. Michael B’s, Famous Footwear, Glenwear, Glick’s, Grain Bin, Hallmark, Karrow Jewelers, Maurices, Northern Lights Art, Payless ShoeSource, Salon Mane Tain, Sports Minded, Tradehome Shoes, Vanity and VIP Nails. Area retail includes Menards, Walmart, Fleet Farm, Office Depot, Target and Kmart. Area demographics include a population of 342,245 within 60 miles earning $57,281 as the average household income. The average daily traffic count is 22,000 vehicles. For details, contact Ira Einhorn, Lexington Realty International, 911 East County Line Road, Lakewood, NJ 08701; 888574-8882 Ext. 6888, Fax 732-363-8006; Email: ira@lexingtonco.com; Web site: www.lexingtonco.com.
New Jersey Franklin Park – Franklin Town Center, located at the intersection of Route 27 and South Middlebush Road, has spaces available from 1,417 sq.ft. to 16,000 sq.ft. Stein Mart anchors the center and cotenants include Confectionately Yours, GNC and Subway. Area retail includes Super Stop & Shop, Fitness 19, Party Fair, CVS, Walgreens and The Children’s Place Outlet. Area demographics include a population of 520,584 within 10 miles earning $84,558
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Holmdel – Kohl’s Plaza, a 184,575 sq.ft. center located at the intersection of Route 35 and Union Avenue, has spaces available of 972 sq.ft.; 2,000 sq.ft.; 3,200 sq.ft. and 3,700 sq.ft. Kohl’s anchors the center and cotenants include GameStop, 7-Eleven, Floris Spa & Nails, Harmon Stores, Beach Bum Tanning, Holmdel Jewelry Exchange, Stein Mart, Renzo Gracie Jiu-Jitsu, Bayshore Academy of Dance, Villa Restaurant, Avenue and Wachovia Bank. Area demographics include a population of 539,433 within 10 miles earning $102,623 as the average household income. The average daily traffic count is 35,570 vehicles. Manville – Marketplace at Manville, a 275,354 sq.ft. center located at the intersection of North Main Street and Dukes Parkway, has a 2,970 sq.ft. space available along with a divisible space of 15,000 sq.ft. Walmart, Super A&P and Reading Cinema anchor the center. Cotenants include Megan’s Hallmark, GNC, Great Clips, Sleepy’s, Frank’s Trattoria, Fashion Bug, McDonald’s, Somerset Valley Bank and Arby’s. Area retail includes Bed Bath & Beyond, Costco, General Cinema, Home Depot, HomeGoods, Kohl’s, Lowe’s Home Improvement, Michaels, Old Navy, PetSmart, Stop & Shop and Target. Area demographics include a population of 551,437 within 10 miles earning $106,912 as the average household income. The (continued on page twenty)
Over 6,000
retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? TenantSearch 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 online 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-todate information, print letters and save searches. Get the details on over 6,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise; Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and online TenantSearch users receive 5 to 25 leads daily via email. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and retail uses you desire, and within seconds you’ll have a list of prospective tenants for your location.
Call 1-800-732-5856 or visit our Web site at www.tenantsearch.com
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average daily traffic count is 18,443 vehicles. South Plainfield – Hadley Center, a 542,544 sq.ft. center located along Stelton Road, has a 6,000 sq.ft. space available. Target and Kohl’s anchor the center. Cotenants include Dynasty Cleaners, AC Dental, Great Clips, Pearle Vision Center, FedEx Office, Weight Watchers, Nan-King II, Tropical Hut, Harmony Jewelers, Villa Pizza, GameStop, Hallmark, The Children’s Place, Bath & Body Works, Marburn Curtains, Joyce Leslie, Fashion Bug, Pathmark, Regal Cinema, Wine Country, Justice, Five Below, Famous Footwear, Marshalls Megastore, Panda Express, Five Guys Famous Burgers and Fries, Brickhouse Tavern & Tap, Joe’s Crab Shack, Bank of America, White Castle and Skylands Community Bank. Area demographics include a population of 938,923 within 10 miles earning $96,663 as the average household income. The average daily traffic count is 99,560 vehicles. For details, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com. Linden – Firehouse Plaza, a 17,600 sq.ft. center located along West St. Georges Avenue, has spaces available of 1,984 sq.ft. and 2,347 sq.ft. Cotenants include Liberty Tax Service and U.S. Postal Service. Area retail includes Wachovia Bank, AutoZone and Walgreens. Area demographics include a population of 430,136 within five miles earning $82,961 as the average household income. The average daily traffic count is 24,599 vehicles. The asking rent is $17 psf NNN for the 2,347 sq.ft. space and $19 psf NNN for the 1,984 sq.ft. space, with CAM and taxes of $8.96 psf. For details, contact Brian S. Silbert or Dominick V. Paragano, Silbert Realty & Management Co., Inc., 85A Division Avenue, PO Box 406, Millington, NJ 07946; 908-604-6900 Ext. 15/26, Fax 908-6042030; Emails: info@silbertrealestate.com and dparagano@silbertrealestate.com; Web site: www.silbertrealestate.com.
New York Amherst – A pad site of a Walmart Supercenter with a drive-thru located at the intersection of Sheridan Drive and North Bailey Avenue is available. Area retail includes Toys “R” Us, T.J. Maxx and Boulevard Mall, featuring Sears, Macy’s, Michaels and JCPenney. Area demographics include a population of 335,865 within five miles. The average daily page 20
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traffic count is 40,402 vehicles. Johnson City – Johnson City Town Center, a 130,000 sq.ft. power center located along Harry L. Drive, has spaces available of 3,500 sq.ft. and 11,000 sq.ft. along with a 6,300 sq.ft. restaurant space. Cotenants include Christmas Tree Shops, Babies “R” Us, Toys “R” Us, Petco, Party City and Five Below. Area retail includes Wegmans and Oakdale Mall, featuring Macy’s, JCPenney, The Bon Ton and Sears. Area demographics include a population of 173,538 within 10 miles earning $56,565 as the average household income. For details, contact Ferrara Jerum International, LLC, 339 East Avenue, Suite 4320, Rochester, NY 14604; 585454-6991, Fax 585-454-6439; Web site: www.ferrarajerum.com. For additional details regarding the Johnson City property, contact Jill Stark; Email: jstark@ferrarajerum.com.
of 173,209 within five miles earning $119,322 as the average household income. For details regarding the Third Avenue property, contact Michael Dobeck, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-2275570; Email: mdobeck@acadiarealty.com. For details regarding the Edson Avenue property, contact Joshua Guthartz; Email: jguthartz@acadiarealty.com. For details regarding the Brooklyn property, contact Joshua Guthartz or Steve Cassella. For details regarding the Smithtown property, contact Karalynn Holbrook; Email: kholbrook@acadiarealty.com.
Bronx – A 42,400 sq.ft. retail building located along Third Avenue has spaces available of 8,050 sq.ft. and 21,456 sq.ft. Cotenants include Dr. Jay’s. Area demographics include a population of 160,414 within one mile earning $34,968 as the average household income. Also, a 14,676 sq.ft. neighborhood shopping center located along Edison Avenue has a 1,542 sq.ft. space available. Cotenants include Sleepy’s, ATN Check Cashing, Pizza Hut/Wing Street and Subway. Area demographics include a population of 575,057 within three miles earning $57,042 as the average household income. Brooklyn – Canarsie Plaza, a 205,643 sq.ft. neighborhood shopping center located along Avenue D, has spaces available from 1,550 sq.ft. to 5,820 sq.ft. BJ’s Wholesale Club anchors the center and cotenants include Planet Fitness, T-Mobile and Peking Restaurant. Area demographics include a population of 965,607 within three miles earning $53,899 as the average household income. Smithtown – Village Commons Shopping Center, an 87,169 sq.ft. neighborhood shopping center located along East Main Street, has spaces available of 1,775 sq.ft. and 4,134 sq.ft. Ace Hardware anchors the center and cotenants include American Roadside Burger, Aji Japanese Restaurant, Country Bagels, Starbucks, Roberts Cleaners, Angel Tip Nails, Huntington Learning Center, Sleepy’s, Hot Yoga, Payless ShoeSource, Leslie’s Pool Supplies, GNC, MBR Beauty Supply, Elements Therapeutic Massage, Mannino’s Italian Restaurant, Main Street Deli Meats, The UPS Store, Play ‘N Trade, Body Worx Tanning, Supercuts, Baja Grill and Citibank. Area demographics include a population
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Orchard Park – Orchard Park Plaza, a 27,000 sq.ft. strip center situated on two acres along Orchard Park Road, has a 20,000 sq.ft. space available along with outlots. Cotenants include G&G Fitness, Shanghai Chinese Buffet and McDonald’s. Area retail includes CVS, Family Dollar, La-Z-Boy, Lowe’s Home Improvement, Tops, Stein Mart, Tim Horton’s, GameStop, The UPS Store, Moe’s Southwest Grill, Wendy’s, Verizon Wireless and Supercuts. Area demographics include a population of 54,762 within five miles earning $62,553 as the average household income. Queensbury – Queensbury Plaza, a 164,000 sq.ft. community shopping center located along Route 9, has spaces available from 2,400 sq.ft. to 18,290 sq.ft. Cotenants include Olive Garden, Verizon Wireless, Moe’s Southwest Grill, Rent-A-Center, Yankee One Dollar, Jo-Ann Fabrics, Smoke Shop, Sally Beauty Supply, CitiFinancial, Vitamin World, Guys & Gals Hair, Old China Buffet, H&R Block, Advance Auto, Staples and Red Lobster. Area demographics include a population of 73,018 within seven miles earning $61,799 as the average household income. For details, contact Michael Palumbo, Flaum Management Co., Inc., 400 Andrews Street, Suite 500, Rochester, NY 14604; 585-546-4866, Fax 585-325-6058; Email: mpalumbo@flaummgt.com; Web site: www.flaummgt.com. Yonkers – A 6,000 sq.ft. freestanding former Charlie Brown’s restaurant with an 1,800 sq.ft. basement located along Central Park Avenue is available. Area retail includes T.G.I. Friday’s, A.J. Wright, Macy’s, Sears, H&M, Old Navy, Applebee’s, Victoria’s Secret, Toys “R” Us, Staples, Pathmark, Burger King, Outback Steakhouse, McDonald’s, Raymour & Flanigan, Bed Bath & Beyond, Wendy’s, Webster Bank, Chase Bank, KFC, CVS, Nathan’s, HSBC, Kohl’s, P.C. Richard (continued on page twenty-two)
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Space Place New York
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& Son, DSW, Bob’s Discount Furniture, Payless ShoeSource, Best Buy, Burlington Coat Factory, Gap, Modell’s, Mandee, IHOP and Barnes & Noble. Area demographics include a population of 341,741 within five miles earning $114,530 as the average household income. For details, contact Rick Stassa, NAI Friedland, 656 Central Park Avenue, Yonkers, NY 10704; 914-968-8500; Email: rickstassa@friedlandrealty.com.
Pennsylvania Allentown – Village West, a 133,611 sq.ft. center located at the intersection of West Tilghman Street and Cedar Crest Boulevard, has a 1,200 sq.ft. space available. Giant anchors the center and cotenants include Wells Fargo, CVS, GNC, Hallmark, Scottrade, Panera Bread, Dollar Tree, Manhattan Bagel, For Eyes Optical, Blockbuster Video, Arby’s and Outback Steakhouse. Area demographics include a population of 202,112 within five miles earning $66,186 as the average household income. Altoona – Park Hills
Pennsylvania
Pennsylvania
Plaza, a 279,856 sq.ft. center located at the intersection of West Plank Road and Park Hills Plaza, has spaces available from 1,600 sq.ft. to 2,750 sq.ft. Weis anchors the center and cotenants include Cold Stone Creamery, Harbor Freight Tools, Dunham’s Sports, Toys “R” Us, A.C. Moore, Superpetz, Aaron’s, Goodwill Industries, Hooters, Denny’s and Casual Male XL. Area demographics include a population of 76,756 within five miles earning $50,409 as the average household income. Harrisburg – Kline Plaza, a 220,376 sq.ft. center located at the intersection of South 25th Street and Market Street, has spaces available from 1,060 sq.ft. to 25,350 sq.ft. Giant anchors the center and cotenants include Family Dollar, Dots and Rent-A-Center. Area demographics include a population of 173,953 within five miles earning $65,663 as the average household income. Wayne – Chesterbrook Village Shopping Center, a 122,216 sq.ft. center located along Chesterbrook Boulevard, has spaces available from 1,375 sq.ft. to 26,002 sq.ft. Bottom Dollar Foods shadow-anchors the center and cotenants include Fitness Together, Citizens Bank, Subway, Rite Aid, Conestoga Bank,
Allstate Insurance, Rita’s and Hair Cuttery. Area demographics include a population of 105,258 within five miles earning $124,575 as the average household income. For details regarding the Allentown and Harrisburg properties, contact Suzanne Cadden-Christman, Centro Properties Group, Two Tower Bridge, One Fayette Street, Suite 300, Conshohocken, PA 19428; 610-366-1014; Email: suzanne.cadden@centroprop.com; Web site: www.centroprop.com. For details regarding the Altoona and Wayne properties, contact Jordan Claffey; 610-834-7285; Email: jordan.claffey@centroprop.com.
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Virginia Woodbridge – A 1.5-acre parcel located at the intersection of Route 1 and Cardinal Drive is available. The average daily traffic count is 51,000 vehicles. For details, contact Tom Parker, EIR Development Co., LLC, 12165 Darnestown Road, North Potomac, MD 20878; 301987-7114, Fax 240-683-4762; Web site: www.eirdevco.com. DM
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January 21, 2011
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For over 40 years, Mall Properties, Inc. (MPI) has been a leader in diversified real estate development, investment and management. Our robust portfolio encompasses over 10 million square feet of retail as well as a multitude of office buildings, residential properties, and resort hotels nationwide. 654 Madison Avenue, New York, NY 10065 • T 212.935.1330 F 212.832.5369 • www.mallproperties.com