Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. IV
January 25, 2013
FEATURING home-related Chains Expand Nationwide TJX Cos. trades as T.J. Maxx at 1,039 locations, as Marshalls at 912 locations and Home Goods at 416 locations nationwide and throughout Canada. T.J. Maxx and Marshalls offer apparel, housewares and accessories and Home Goods offers housewares, home furnishings, linens, decorative items and bedding and bathroom products. Growth opportunities are sought for all concepts throughout DE and eastern and central PA during the coming 18 months, with representation by Metro Commercial Real Estate. Preferred site requirements include spaces of 25,000 sq.ft. in various retail settings. For more information, contact Donna Drew, Metro Commercial Real Estate, 161 Washington Street, Suite 375, Conshohocken, PA 19428; 610-825-5222; Email: ddrew@metrocommercial.com. Lampert Yards, Inc. trades as Lamperts at 32 locations throughout IA, MN, ND, SD and WI. The stores, offering hardware and lumber products, occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to acquire land areas of seven to 10 acres or existing lumber yards. For more information, contact Dan Fesler, Lampert Yards, Inc., 1850 Como Avenue, Saint Paul, MN 55108; 651-695-3605, Fax 651-6953601; Email: dfesler@lampertyards.com; Web site: www.lampertyards.com.
Ace Hardware operates 4,600 locations nationwide and internationally. The hardware stores, offering tools, paint, electrical and plumbing products, as well as outdoor items, lawn and garden supplies and automotive accessories, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations, street fronts and endcaps of community and neighborhood shopping centers. Growth opportunities are sought throughout DE, NJ and eastern PA during the coming 18 months, with representation by Legend Properties, Inc. For more information, contact David DePetris, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034 Ext. 5010, Fax 610-9414038; Email: ddepetris@lpre.com; Web site: www.acehardware.com. Hughes Lumber Co. operates eight locations throughout OK. The lumber yards occupy freestanding locations on land areas of four acres. Growth opportunities are sought throughout the existing market during the coming 18 months. The company will only acquire sites and prefers second-generation spaces. For more information, contact Tom Hughes, Hughes Lumber Co., PO Box 2220, Tulsa, OK 74101; 918-266-9140, Fax 918266-9177; Web site: www.hugheslumber.net. (continued on page eight)
This issue contains information on: • Retailers operating 14,276 locations with plans to open 1,278 sites • Real estate valued in excess of $250 million to be bought, sold & financed • Leasing activity on over 2.9 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
southern california idex New Construction SRS Real Estate Partners preleases a shopping center in Ozone Park, NY............................................. Pg. 3 Buyers & Sellers Brauvin Real Estate closes singletenant deals and wants more acquisitions................................ Pg. 4 Food Retailers Expand Granite City Food & Brewery to enter CO, KY, upstate NY, OK, PA and TN.................................. Pg. 5 Who’s Opening & Where Hot Topic Inc. to grow three concepts..................................... Pg. 6 Making the News Cassidy Turley names president
Pg. 7
Sources of Financing Capstone Financial Solutions closes loan in LA........................ Pg. 7 Lease Signings Velocity Retail Group inks anchor deal in Littleton, CO....... Pg. 7 Exclusives Sullivan Hayes Co. reps Aldi in New England and select markets within NY................................... Pg. 8 Lead Sheet Von Maur to enter AL, NY, and OK............................................. Pg. 9 Party City plans up to 55 openings..................................... Pg. 11 Sportsman Liquidation to enter upstate NY, OH and WV............ Pg. 12 Space Place................................ Pg. 14
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new construction Armada Hoffler is redeveloping Brooks Crossing, a 13-building mixed-use site situated on 22 acres along Jefferson Avenue between 28th Street and 35th Street in Newport News, VA. The project will include a grocery store, a bank, residential units, an office component, medical services and a police precinct station. The first phase of construction is slated to begin this year. For more information, contact Lou Haddad, Armada Hoffler, 222 Central Park Avenue, Suite 2100, Virginia Beach, VA 23462; 757-366-4000, Fax 757-420-5983; Email: marketing@armadahoffler.com; Web site: www.armadahoffler.com.
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Director of Business Development Brenda Buchanan • brenda@dealmakers.net Sales Executive Jacqueline Pelicano • jp@dealmakers.net Customer Service Bridget Thoresen • custserv@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2013 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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Lee & Associates is preleasing a proposed shopping center located at the intersection of Interstate 215 and Nuevo Road in Perris, CA. Anchor and shop spaces are available. Cotenants include 99 Cents Only. For more information, contact Brian Bielatowicz or Ted Rivenbark, Lee & Associates, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-445-4515/4512; Emails: bbielatowicz@lee-associates.com and trivenbark@lee-associates.com. Charlesbank Realty Trust is redeveloping a 27,000 sq.ft. strip center located along Desmond Street in Sayre, PA. For more information, contact J. Nicholas Slottje, Charlesbank Realty Trust, 15 Cypress Street, Suite 300, Newton, MA 02459; 617795-0072, Fax 617-795-0383; Web site: www.charlesbankrealtytrust.com Samuels & Associates is developing a 350,000 sq.ft. mixed-use site situated on 2.7 acres at the intersection of North Harvard Street and Western Avenue in the Barry’s Corner section of Allston, MA. The project will feature a 45,000 sq.ft. retail component, a 325-unit residential component and 3,600 sq.ft. of outdoor space. The project is slated to open during 2015. For more information, contact Samuels & Associates, 333 Newbury Street, Boston, MA 02115; 617-247-3434, Fax 617-266-8788; Web site: www.samuelsre.com. Paradigm Development Group, LLC is developing University Place, located between University Avenue/Grant Avenue/ Third Street and Houston Drive in Sunnyside, WV. The project features a 265unit residential component and is slated to open during fall 2014. For more information, contact Paradigm Development Group, LLC, PO Box 2247 216 Dogwood Drive, Washington, NC 27889; 252-946-0212, Fax 252-975-6226; Web site: www.paradigmdevelopmentgroupllc.com. Endeavor Real Estate Group is preleasing Freedom Crossing, a 440,000 sq.ft. open air shopping center located in San Antonio, TX, located along Fort Sam Houston. Area retail includes H-E-B, Whole Foods Market and The Home Depot. Area demographics include a trade-area population earning $75,000 as the average household income. For more information, contact Bill Osherow, Will Majors or Buck Cody, Endeavor Real Estate Group; 512-682-5500.
SRS Real Estate Partners is preleasing Linden Center, a 200,000 sq.ft. center located at the intersection of Linden Boulevard and South Conduit Avenue in Ozone Park, NY. Met Foodmarkets anchors the center and cotenants include RadioShack, Dunkin’ Donuts and Dollar Tree. Area retailers include Staples, Stop & Shop, Home Depot, The Sports Authority and Bravo. Area demographics include a population earning $58,696 within 10 miles. The average daily traffic count is 49,827 vehicles. The opening is slated for the fourth quarter of 2014. For more information, contact Erin Grace, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-710-5257; Email: erin.grace@srsre.com; Web site: www.srsre.com. Pacolet Milliken Enterprises, Inc. is developing New Holland Market, a 143,000 sq.ft. neighborhood shopping center, along with 26 acres for future development at the intersection of Jesse Jewell Parkway and Limestone Parkway in Gainesville, GA. Nine pad sites are available. A 123,000 sq.ft. Kroger Marketplace will anchor the center. Carolina Holdings is responsible for leasing the property. The opening is slated for spring of 2014. For more information, contact Brandy Humphries or Liz Lineback, Pacolet Milliken Enterprises, Inc., 105 Corporate Drive, Suite A, Spartanburg, SC 29303; 864503-1331, Fax 864-503-1159; Web site: www.pacoletmilliken.com. JDF Realty, Inc. is preleasing two mixeduse sites located along South Essex Avenue in Orange, NJ. Retail spaces of 4,840 sq.ft. and 4,861 sq.ft. are available. Each building features a 36-unit residential component and is located near a transit system. The opening is slated for December 2013. For more information, contact Robert Frischman, JDF Realty, Inc., 345 Seventh Avenue, Suite 1802, New York, NY 10001; 212-216-9777 Ext. 19; Email: rfrisch@jdfrealty.com. Opus Development Corp. is developing Velo, a mixed-use project located along North 2nd Street in Minneapolis, MN. The center will feature a 12,000 sq.ft. retail component and a 286-unit luxury apartment component. The center is slated to open during summer 2014. For more information, contact Opus Development Corp., 10350 Bren Road West Minnetonka, MN 55343; 952-656-4444; Web site: www.opus-group.com. DM January 25, 2013 | Page 3
buyers and sellers Transwestern brokered the sale of a .73-acre parcel with a 3,534 sq.ft. McDonald’s located near Rockford, IL. The 20-year ground lease sold for $995,000. The company represented both the buyer and seller in the transaction. For more information contact, Marc Imrem or Andrew Watson; Transwestern, 200 West Madison Street, Suite 3300, Chicago, IL 60606; 312-881-7066/7065; Emails: marc. imrem@transwestern.net and andrew. watson@transwestern.net Newmark Grubb Knight Frank has the listing to sell a ground lease with AutoZone in Northlake, IL. The 20-year lease has 12 years remaining and two options at five years each. The asking price is $736,000 with a 6.25% Cap rate. For more information, contact Andy Gallas, Newmark Grubb Knight Frank, 312224-3160; Email: agallas@ngkf.com. HFF has the listing to sell a portfolio of 10 newly-opened CVS stores totaling 132,000 sq.ft. and located throughout IL, LA, MA, MS, NC, VA, WI and WV. The asking price is $47.86 million reflecting a 6.39% Cap rate. The company also has the listing to sell the 90% leased Marketplace at Highland Village located in Highland Village, a suburb of Dallas, TX. The 195,652 sq.ft. center is anchored by T.J. Maxx, LA Fitness, Office Depot and Petco. The site is shadow-anchored by a 203,000 sq.ft. Walmart Supercenter. For more information regarding the CVS portfolio, contact, Jeffrey Thomas, HFF, 800775-3350; Email: jthomas@hfflp.com. For more information regarding the Dallas site, contact Barry Brown, 469-232-1968; Email: bbrown@hfflp.com
Cole Real Estate Investments recently acquired Canarsie Plaza located in Brooklyn, NY for $124 million. The 278,000 sq.ft. center is 96% occupied and anchored by BJ’s Wholesale Club, Planet Fitness and PetSmart. The company acquires singletenant retail properties, in addition to power, community and grocery-anchored centers. Preferred acquisitions are priced at a minimum of $10 million. For more information contact, Scott Holmes, Cole Real Estate Investments, 2325 East Camelback Road, Suite 1100, Phoenix, AZ 85016; 602-778-6182; Web site: www.colecapital.com. Breslin Realty Development Corp. negotiated the $1.6 million sale of an 8,000 sq.ft. building located along Sunrise Highway in Massapequa, NY. The building will be used as a medical urgent care facility. The company represented the buyer, Robert E. Scully Realty Co. and Alliance Real Estate Corp. represented the seller, AJG Capital in the transaction. For more information, contact Wilbur Breslin, Breslin Realty Development Corp., 500 Old Country Road, Garden City, NY 11530; 516-741-7400, Ext. 223. Baum Realty Group sold Bellevue Town Center, a shopping center located along Lime Kiln Road in Green Bay, WI. The site is anchored by Copps grocery store and shadow-anchored by Target. The sale price was $12 million. For more information, contact, Danny Spitz or Greg Dietz, Baum Realty Group; 312-2753139/3125; Emails: danny@baumrealty.com or greg.dietz@baumrealty.com; Web site: www.baumrealty.com.
Cole Real Estate Investments recently acquired Canarsie Plaza in Brooklyn, NY Page 4 | January 25, 2013
The Boulder Group brokered the sale of a 12,500 sq.ft. freestanding Trader Joe’s located along West Bluemound Road in Brookfield, WI. The property sold for $4.782 million with a 5.75% Cap rate. The site is situated on 1.80 acres and shadow-anchored by Target. The company has the listing to sell a 44,088 sq.ft. freestanding Kroger supermarket located along Columbus Street in Ottawa, IL. The asking price is $3.45 million with a Cap rate of 8.08%. The primary term has four years remaining with four options of five years each. Area retail includes Walmart Supercenter. For more information contact Randy Blankenstein or Jimmy Goodman, The Boulder Group, 847-562-0003; Email: randy@bouldergroup.com. Deerfield Partners has the listing to sell several freestanding Walgreens. A location in New York, NY is priced at $12.567 million with a 5.65% Cap rate and a site in the Minneapolis/St. Paul, MN market is priced at $11 million with a 6% Cap rate. For more information, contact John Giordani or Art Griffith, Deerfield Partners, 71 Stevenson Street, Suite 400, San Francisco, CA 94105; 415-577-9311 or 415730-3024; Emails: jg@deerfieldteam.com or atg@deerfieldteam.com. CSC Properties, LLC has the listing to sell a nine-acre parcel located at the signalized intersection of U.S. Highway 41 and 19th Avenue in Ruskin, FL. Area retailers include Publix, McDonalds, Sweetbay and Dollar General. For more information, contact Lisa Rapp, CSC Properties, LLC, 4592 Ulmerton Road, Suite 100, Clearwater, FL 33762; 727-4463444; Fax 727-346-1253; Email: lisa@ cscproperties.com. Brauvin Real Estate recently acquired a freestanding CVS located in Tuscaloosa, AL for $2.4 million and a Tire Kingdom located in Clearwater, FL for $1.76 million. The company is looking for acquisitions and prefers freestanding single-tenant retail assets and sale-leasebacks, with individual properties priced up to $7.5 million and portfolios priced up to $50 million. Demographic requirements include a population count of at least 50,000 within a five-mile radius. For more information, contact Eric Saltzman or Mark Lewensohn, Brauvin Real Estate, 205 N. Michigan Ave, Suite 1900, Chicago, IL 60601; 312-759-7668/7662, Fax 312-758-7800; Emails: esaltzman@brauvin.com or mlewensohn@brauvin.com; Web site: www.brauvin.com. DM Dealmakers Magazine | www.dealmakers.net
food retailers expand nationwide Granite City Food & Brewery, Ltd., trades as Granite City Food & Brewery at 27 locations throughout IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, and WI. The casual dining restaurants occupy spaces of 9,500 sq.ft. in freestanding locations, pad sites and outlots. Growth opportunities are sought throughout CO, IL, IN, KY, MI, MN, MO, upstate NY, OH, OK, PA, TN and WI during the coming 18 months. A land area of 1.8 to two acres is required. Preferred demographics include a daytime population of 10,000 employees within one mile and 50,000 employees in three miles. For more information, contact Valerie Wood, Granite City Food & Brewery, 701 Xenia Ave South, Suite 120, Golden Valley, MN 55416; 928-274-8126; Email: valeriewoodllc@yahoo.com. Abbott’s Frozen Custard, Inc. trades as Abbott’s Frozen Custard at 46 locations throughout CO, FL, MA and NY. The gourmet frozen yogurt shops occupy spaces of 700 sq.ft. to 1,000 sq.ft. in malls, strip centers and freestanding locations. Growth opportunities are sought throughout the eastern U.S., with a focus along the coastal areas, during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 100,000 within three miles earning $75,000 as the average household income. The company is franchising. For more information, contact Robert Amico, Abbott’s Frozen Custard, Inc., 4791 Lake Avenue, Rochester, NY 14612; 585-865-7400, Fax 585-865-6034; Email: robamico@rochester.rr.com; Web site: www.abbottscustard.com. Kilwin’s operates 86 locations throughout 17 states nationwide. The chain of stores, offering chocolate, fudge and ice cream, occupies spaces of 1,000 sq.ft. to 1,500 sq.ft. in lifestyle centers. Growth opportunities are sought throughout CT, NJ and NY during the coming 18 months, with representation by Great American Brokerage. The company prefers locations in affluent areas with heavy foot traffic and strong nighttime activity. Major competitors include Dairy Queen, Cold Stone Creamery, Rocky Mountain Chocolate Factory, Baskin Robbins, Carvel, TCBY, Godiva and Marble Slab Creamery. For more information, contact Paul Fetscher, Great American Brokerage, 100 West Park Avenue, Long Beach, NY 11561; 516-889-7200; Email: gtamerican@aol.com. Dealmakers Magazine | www.dealmakers.net
Firehouse Subs operates more than 565 locations nationwide. The chain of restaurants, offering hot and cold subs, salads and desserts, occupy spaces of 1,800 sq.ft. to 2,200 sq.ft. in inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout Bergen and Passaic counties in NJ during the coming 18 months, with representation by Vanguard Realty, Inc. The company prefers sites with high traffic counts. For more information, contact Alison Cohen or Susan Preisler, Vanguard Realty, Inc., 195 Columbia Turnpike, Suite 100, Florham Park, NJ 07932; 973-443-9700; Emails: acohen@vanguardsite.com and spreisler@vanguardsite.com; Web site: www.vanguardsite.com. Runza Restaurants operates 80 locations throughout CO, IA, KS and NE. The quickserve restaurants, offering sandwiches and hamburgers, occupy spaces of 2,500 sq.ft. to 3,600 sq.ft. in endcaps of shopping centers as well as freestanding locations. Growth opportunities are sought throughout the existing markets, in addition to MO and eastern WY during the coming 18 months. Preferred cotenants include Target and Walmart. The company is franchising. For more information, contact Jon Wurst, Runza Restaurants, 5931 South 58th Street, Suite D, Lincoln, NE 68516; 402-423-2394, Fax 402-423-5726; Email: jwurst@runzanational.com; Web site: www.runza.com. Winking Lizard, Inc. trades as Winking Lizard Tavern at 17 locations throughout OH. The chain of restaurants occupy spaces of 4,400 sq.ft. to 12,000 sq.ft. in strip centers and freestanding locations. Growth opportunities
are sought throughout the existing market during the coming 18 months. For more information, contact Jim Callam, Winking Lizard, Inc., 25380 Miles Road, Bedford Heights, OH 44146; 216831-0505, Fax 216-831-7999; Web site: www.winkinglizard.com. James Original Coney Island operates more than 20 locations throughout TX. The chain of restaurants, offering hot dogs, burgers, chili, side items and dessert items, occupy spaces of 2,000 sq.ft. to 3,400 sq.ft. in freestanding locations or endcaps of shopping centers with a drive-thru. Growth opportunities are sought throughout Houston, TX, and the surrounding areas during the coming 18 months, with representation by United Equities. Typical leases run 10 years with options. For more information, contact Buster Freedman, United Equities, 4545 Bissonnet Street, Suite 100, Bellaire, TX 77401; 713-772-6262, Fax 713-981-4035; Email: bfreedman@unitedequities.com; Web site: www.unitedequities.com. Brumit Restaurant Group trades as Arby’s at 43 locations throughout western NC and western SC. The fast-food restaurants occupy spaces of 3,200 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC and SC during the coming 18 months. Typical leases run 20 years with four, five-year options. A land area of one acre is required. For more information, contact Greg Catevenis, Brumit Restaurant Group, 40 Seminole Street, Ashville, NC 28803; 828-274-5835, Fax 828-274-9555; Email: gregc@ncarbys.com; Web site: D M www.ncarbys.com.
James Original Coney Island is seeking growth opportunities throughout Houston, TX and the surrounding areas during the coming 18 months. January 25, 2013 | Page 5
who’s opening and where Wal-Mart Stores, Inc. (479-273-4000) plans to open a 186,000 sq.ft. Walmart Supercenter located at the intersection of Northwest 32nd Avenue and 79th Street, adjacent to the Northside Metrorail station, in northwest Miami Dade, FL. The store is slated to open during 2014. The company is also planning to open a 180,000 sq.ft. Walmart Supercenter situated on 28 acres in Springdale, AR. The store is slated to open during fall 2014. The company is also slated to open a Walmart Supercenter along East Point Douglas Road in Cottage Grove, MN. The store is slated to open during 2014. The company is also planning to open a 118,000 sq.ft. Walmart Supercenter at the former Gentilly Woods Shopping Center situated on 12.2 acres along Chef Menteur Highway in New Orleans, LA during mid 2014. The company trades as Walmart, Walmart Supercenter and Walmart Neighborhood Market and currently operates more than 9,000 locations nationwide internationally throughout 15 countries. Publix Super Markets, Inc. (863-688-1188) is slated to open a 55,000 sq.ft. Publix supermarket at Shops at South Line, located at the intersection of South Boulevard and Iverson Way in Charlotte, NC. It will be the company’s second location in Charlotte. The company currently operates 1,070 locations nationwide, including in AL, FL, GA, SC and TN. Coborn’s, Inc. (320-252-4222) is planning to open a Cash Wise store in a former Mike’s Super Valu in Watford City, ND. The store is slated to open this year. The company is also planning to open five stores throughout western ND, including a location in Minot, slated to open this summer, and stores in Tioga and Dickinson, slated to open during late 2013 and 2014. Chuy’s (888-439-2489) is planning to open a 7,487 sq.ft. restaurant along Western Irlo Bronson Memorial Highway in Kissimmee, FL and a 7,500 sq.ft. location in Orlando, FL during 2014. Heinen’s Fine Foods (216-475-2300) is opening a 35,000 sq.ft. supermarket in a former Dominick’s at Village of Glenview in Cleveland, OH. It will be the company’s second location in the Chicago, IL area. The company also plans to open its 19th location by fall 2014. Sonic Corp. (405-225-5000) plans to open Sonic Drive-In restaurants throughout 2013 and 2014. The company currently operates 3,549 locations nationwide. Page 6 | January 25, 2013
Macy’s, Inc. (513-579-7000) plans to open the following Macy’s department stores: a 103,000 sq.ft. location at Mall of Victor Valley in Victorville, CA, opening spring 2013; a 140,000 sq.ft. store at Gurnee Mall in Gurnee, IL, opening fall 2013; a 160,000 sq.ft. store at Mall at Bay Plaza in Bronx, NY, opening in fall 2014; a 160,000 sq.ft. location at University Town Center in Sarasota, FL, opening fall 2014 and a 180,000 sq.ft. store at Shops at Summerlin in Las Vegas, NV, opening fall 2014. The company is also slated to open a 120,000 sq.ft. Bloomingdale’s department store at Stanford Shopping Center in Palo, Alto, CA during spring 2014, as well as a 25,000 sq.ft. Bloomingdale’s Outlet store is slated to open during fall 2013 at Fashion Outlets Chicago in Rosemont, IL. The company, offering men and women’s apparel, footwear and accessories, as well as home décor, currently operates 798 Macy’s locations, 37 Bloomingdale’s full-line and home stores and 13 Bloomingdale’s Outlet stores throughout 45 states nationwide, as well as in DC, Puerto Rico and Guam. Whole Foods Market, Inc. (512-477-4455) is planning to open a Whole Foods at the intersection of Kingston Pike and Papermill Drive in Knoxville, TN during 2014. The company is also planning to open a site at the intersection of Biscayne Boulevard and 121st Street in Biscayne, FL during summer 2013. The company is also planning to open a location in downtown Miami, FL during 2014. CVS Caremark Corp. (877-265-7325) plans to open a CVS in a former Plaza Tire at the intersection of William Street and South Kings Highway in Cape Girardeau, MO. The drugstore is slated to open during 2014. The company, offering health and beauty items, along with snack and beverage items, currently operates 7,300 locations throughout 44 states nationwide. Bruegger’s Bagels (214-379-7000) is planning to open 100 franchise and corporate locations nationwide, including throughout Nashville, TN; Tallahassee, FL and Huntsville, AL by 2015. The company, offering bagels, sandwiches and salads, currently operates more than 300 locations nationwide. Dick’s Sporting Goods, Inc. (724-273-3400) is planning to open a 50,000 sq.ft. Dick’s Sporting Goods store at the intersection of Cleveland Avenue and Edwards Avenue in Santa Rosa, CA. The store is slated to open during 2014. The company, offering sporting apparel and accessories for men and women, currently operates more than 500 locations nationwide.
Nordstrom, Inc. (206-628-2111) is planning to open a 30,000 sq.ft. Nordstrom Rack store in a former Old Navy at Maine Crossing Shopping Center, a 274,000 sq.ft. shopping center in South Portland, ME during spring 2013 and a 138,000 sq.ft. full-line store at Ridgedale Center in Minnetonka, MN during fall 2015. The company also plans to open 24 Nordstrom Rack stores in 2013 and intends to operate 230 Nordstrom Rack locations by 2016 and currently operates 177 Nordstrom full-line stores, 119 Nordstrom Racks, two Jeffrey boutiques and one treasure&bond store. Hot Topic, Inc. (626-839-4681) is slated to open 40 Torrid stores, 15 Hot Topic outlets and five to 10 Blackheart stores this year. The company, offering men and women’s apparel, accessories, music and gift items, currently operates 619 Hot Topic locations, 190 Torrid stores and five Blackheart stores nationwide, as well as in Puerto Rico and Canada. Meijer, Inc. (616-453-6711) is slated to open a 191,000 sq.ft. Meijer at the intersection of 76th Street and Green Bay Road in Kenosha, WI. The store is slated to open during 2014. The company currently operates more than 200 locations throughout the Midwest. Lowe’s Cos., Inc. (704-758-1000) is planning to open a 125,601 sq.ft. Lowe’s Home Improvement with a 31,544 sq.ft. garden center situated on 12 acres in Albany, NY. Home Grown Industries of Georgia, Inc. (404-505-2806) is planning to open a Mellow Mushroom at a 26,000 sq.ft. center located along Market Street in New Albany, OH. The store is slated to open during December or January 2014. The company offers pizza and craft beer. Piggly Wiggly Caolina Co. (843-554-9880) plans top open Newton Farms, a new upscale concept, at Freshfields Village in Johns Island, SC. The company is also slated to open another location in Isle of Palms, SC during summer 2014. Target Corp. (612-304-6073) is planning to open a Target at Park Place, a mixed-use center located along Bayview Avenue in Barrie, Canada. The store is slated to open during spring 2014. DM
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real estate professionals making the news
Binswanger (215-448-6014) promoted Scott Gabrielsen to president of the company’s Philadelphia, PA metropolitan division. The company, headquartered in Philadelphia, PA, is an international full-service real estate organization with offices worldwide. Cassidy Turley (202-463-1138) promoted Michael Kamm to president. He will also join the company’s board of directors. In his new role, Kamm will oversee the firm’s managing principals and regional managing principals. The company specializes in capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting services. New England Retail Properties, Inc. (860529-9000) hired James Stachelek. In his new role, Stachelek will be responsible for development and brokerage assignments throughout CT, MA and RI. His responsibilities will include locating sites for retail tenants, creating site proposal packages and attending planning and zoning meetings before and during the construction process. DM
sources of financing Marcus & Millichap Capital Corp. negotiated $14.3 million in refinancing for a strip center located in Austin, TX. The 10-year loan features a 30-year amortization period and an interest rate of 4.86%, as well as a loanto-value ratio of 75%. For more information, contact Michael Laurencelle, Marcus & Millichap Capital Corp.; 925-953-1716; Web site: www.mmcapcorp.com. Meridian Capital Group negotiated $13.45 million in financing for two mixed-use buildings totaling 58,950 sq.ft. along Bleecker Street and along Park Avenue in New York, NY. The loan features an interest rate of 3.75% and a 10-year term. For more information, contact Jonathan Stern, Meridian Capital Group, LLC; 212972-3600; Email: jstern@meridiancapital.com. Capstone Financial Solutions negotiated $6.748 million in financing for a Walgreens located in Jefferson, LA. The 10-year loan featured a 30-year amortization period and a loan-to-value ratio of 75%. For more information, contact Capstone Financial Solutions; 877-315-4289; Email: info@cfscapstone.com; Web site: www.cfscapstone.com. DM Dealmakers Magazine | www.dealmakers.net
lease signings illi Commercial Real Estate (818-501-2212) negotiated the following leases throughout CA: a 10-year lease with Sunsations Travel & Luggage for 4,918 sq.ft. at Fashion Island, located along Newport Center Drive in Newport, with the company representing the tenant and The Irvine Co. representing the landlord in the transaction; a five-year lease with Sleep Comfort for 3,380 sq.ft. at Glendale Garden Center located along North Glendale Avenue, with the company representing the landlord and SRS Real Estate representing the tenant in the transaction; a three-year lease with Soto Lifestyle for 1,284 sq.ft. along Ventura Boulevard in Studio City, with the company representing the tenant and landlord in the transaction; a three-year lease with Vesper Boutique for 1,256 sq.ft. along Ventura Boulevard in Studio City, with the company representing the landlord and Tenzer Commercial representing the tenant in the transaction; a five-year lease with Pure Barre Sherman Oaks, LLC for 1,125 sq.ft. along Ventura Boulevard in Sherman Oaks, with the company representing the tenant and landlord in the transaction; a threeyear lease with CrossFit Sherman Oaks for 3,200 sq.ft. along Kestar Avenue in Sherman Oaks, with the company representing the landlord and NAI Capital representing the tenant in the transaction; a 10-year lease with Hien Q. Le Nail Salon for 1,258 sq.ft. along North San Fernando Boulevard, with the company representing the landlord and DC Commercial representing the tenant in the transaction and a five-year lease with Echelon Salon for 1,077 sq.ft. along Seco Canyon Road in Santa Clarita, with the company representing the tenant and Daum Commercial representing the landlord in the transaction. Retail Solutions (512-474-5557) negotiated the following leases throughout TX: with Kobetech for 1,091 sq.ft. at Galleria Oaks, located along Research Boulevard in Austin, with the company representing the landlord and Austin Grace Realty representing the tenant in the transaction; with Stassney Liquor for 1,500 sq.ft. at Stassney Crossing Shopping Center, located at the intersection of Interstate 35 and Stassney Lane in Austin, with the company representing the landlord in the transaction. Mid-America Real Estate-Michigan, Inc. (248-855-6800) negotiated a lease with Sunny Nails for 3,000 sq.ft. at City Center Plaza, located at the intersection of Ford Road and Central City Parkway in Westland, MI. The company represented the landlord, City Center Associates, in the transaction.
Brixmor Property Group (212-869-3000) negotiated the following leases: with Rolling Hills Dental for 1,200 sq.ft. at Country Hills Shopping Center, located at the intersection of Crenshaw Boulevard and Rolling Hills Road in Torrance, CA, with DDS Progressive Practice Sales representing the tenant in the transaction; with Touch N Tan for 2,695 sq.ft. at Arapahoe Crossings, located at the intersection of South Parker Road and East Arapahoe Road in Aurora, CO, with David Stockman & Associates representing the tenant in the transaction; with Mattress USA for 4,452 sq.ft. at Mansell Crossing, located along North Point Parkway between Mansell Road and Encore Parkway in Alpharetta, GA and with Sally Beauty Supply for 1,197 sq.ft. at Killingly Plaza in Killingly, CT and for 2,100 sq.ft. at Burning Tree Plaza in Duluth, MN, with National Commercial Brokers representing the tenant in the CT transaction and Cambridge Commercial Realty representing the tenant in the MN transaction. De Rito Partners, Inc. (480-834-8500) negotiated the following leases throughout AZ: with L’Mage Salons Suites for 3,658 sq.ft. along East Union Hills in Phoenix, with the company representing the tenant in the transaction; with Pick & Move Food Mart for 1,010 sq.ft. at the intersection of Apache and McClintock in Tempe; with Studio North Yoga for 1,412 sq.ft. at the intersection of 64th Street and Greenway Parkway in Scottsdale and with TitleMax for 6,000 sq.ft. at the intersection of 35th Avenue and Glendale Road in Phoenix. Velocity Retail Group (602-682-6020) negotiated the following leases: with Larrabee’s Furniture for 48,125 sq.ft. along East County Line Road in Littleton, CO, with the company and McCormick Equities representing the tenant in the transaction; with Mattress Firm for 4,500 sq.ft. at the intersection of State Road 232 and Main Street in Layton, UT, with the company and Mountain West Retail representing the tenant in the transaction and with Cox for 1,657 sq.ft. at the intersection of Valencia and Midvale Parkway in Tucson, AZ, with the company and representing the landlord and Commercial Properties, Inc. representing the tenant in the transaction. DM
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home-related chains expand nationwide (continued from page one)
W.S. Badcock Corp. trades as Badcock Home Funiture & More at 300 locations throughout AL, FL, GA, MS NC, SC, TN and VA. The stores, offering furniture, bedding, appliances, electronics, accessories and floor coverings, occupy spaces of 14,000 sq.ft. to 20,000 sq.ft. in freestanding locations and inline spaces. Growth opportunities are sought throughout the existing markets, with a primary focus on NC, SC and VA, during the coming 18 months. Typical leases run 10 years or two years with five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include Dollar Tree, Family Dollar, Save-A-Lot, Food Lion, Tractor Supply and Walmart. Preferred demographics include a population of 10,000 within two miles earning $35,000 to $75,000 as the average household income. Major competitors include Rooms To Go and Ashley. A land area of two to three acres is required for freestanding locations. For more information, contact Scott McCorkle, W.S. Badcock Corp., PO Box 497, Mulberry, FL 33860; 800-223-2625, Fax 863-425-7600.
Mancini Sleepworld, Inc. trades as Mancini Sleepworld at 31 locations throughout CA. The stores, offering bedroom and children’s furniture, mattresses, sofas, futons and recliners, occupy spaces of 7,000 sq.ft. to 14,000 sq.ft. in freestanding locations and strip centers. Plans call for five to seven openings throughout the greater San Francisco bay area in CA during the coming 18 months. The company will consider lease, acquisition and development opportunities. For more information, contact Randy Mancini, Mancini Sleepworld, Inc., 599 Hawthorne Place, Livermore, CA 94550; 925-456-6400 Ext. 105, Fax 925-456-6440; Email: rmancini@sleepworld.com; Web site: www.sleepworld.com. General Paint Corp. trades as General Paint at 80 locations throughout Canada. The home improvement stores, offering paints and related products, occupy spaces of 4,000 sq.ft. in freestanding locations and strip centers. The company is seeking store relocations throughout Ontario and western Canada during the coming 18 months. Typical leases run five years with a five-year
option. Preferred demographics include a population of 100,000 within five miles. For more information, contact Philip Jewell, General Paint Corp., 950 Raymur Avenue, Vancouver, British Columbia, Canada V6A 3L5; 604-253-3131, Fax 604-253-3136; Email: pjewell@generalpaint.com; Web site: www.generalpaint.com. Tuesday Morning operates 840 locations nationwide. The stores, offering upscale decorative household items sold at discount prices, including lamps, books, luggage, toys, dinnerware, bedroom and bathroom items, seasonal products and women’s accessories, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations, power and specialty centers. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. For more information, contact Charlie Phelps, Paraclete Realty, 111 Cameron Parke Place, Suite 100, Alexandria, VA 22304; 301536-7900; Email: charlie@paracleterealty.com; Web sites: www.paracleterealty.com and www.tuesdaymorning.com. DM
exclusives and leasing assignments SRS Real Estate Partners (212-710-5250) is representing the following retailers with their expansion plans: 24 Hour Fitness in spaces of 40,000 sq.ft. to 50,000 sq.ft. throughout Long Island, NY; Boston Market using spaces of 2,000 sq.ft. to 3,000 sq.ft. throughout the New York, NY metropolitan area; BJ’s Wholesale Club occupying spaces of 90,000 sq.ft. to 130,000 sq.ft. throughout CT, northern NJ and Westchester County, NY; #1 Bottle King in spaces of 15,000 sq.ft. to 20,000 sq.ft. throughout CT, NJ and Westchester County, NY; Barnes & Noble occupying spaces of 25,000 sq.ft. to 40,000 sq.ft. throughout the New York, NY metropolitan area; Long Island, NY; NJ, PA and DE; CiCi’s Pizza using spaces of 4,500 sq.ft. to 5,000 sq.ft. throughout the five boroughs of New York, NY; Barre 3 using spaces of 1,500 sq.ft. to 3,500 sq.ft. throughout New York, NY; The Corner Bakery occupying spaces of 4,000 sq.ft. throughout NJ; Dave & Buster’s in spaces of 17,000 sq.ft. to 35,000 sq.ft. throughout CT, NJ and NY and Five Below using spaces of 7,500 sq.ft. to 10,000 sq.ft. throughout Brooklyn, Manhattan and Westchester County, NY and Fairfield County, CT. Page 8 | January 25, 2013
KeyPoint Partners (781-273-5555) is representing the following retailers with their expansion plans: with Kitchen & Co. occupying spaces of 10,000 sq.ft. to 14,000 sq.ft. throughout Nashua, Salem and Conway, NH; Hollywood Tans in spaces of 1,600 sq.ft. to 3,000 sq.ft. in power and lifestyle centers throughout CT, western MA, NH and RI; Boston Sports Clubs using spaces of 15,000 sq.ft. to 50,000 sq.ft. throughout eastern MA; O’Neil Cinemas occupying spaces of 30,000 sq.ft. to 45,000 sq.ft. in power centers throughout New England; Karma in spaces of 3,000 sq.ft. to 6,000 sq.ft. throughout NH; Kiddie Academy using spaces of 7,000 sq.ft. to 9,000 sq.ft., along with a 3,000 sq.ft. play area throughout MA, within 495, and Little Caesars occupying spaces of 1,000 sq.ft. to 2,000 sq.ft. in neighborhood shopping centers and freestanding locations throughout eastern MA. Friedland Realty, Inc. (914-968-8500) is representing Hooters with its expansion plans throughout NY, with the exception of Manhattan and Staten Island. The six-unit chain of casual beach-themed restaurants occupies spaces of 4,000 sq.ft. to 7,000 sq.ft.
Sullivan Hayes Co. (860-677-5252) is representing the following retailers with their expansion plans: Aldi using spaces of 16,000 sq.ft. throughout CT, MA, NH and RI, as well as Hudson Valley and Westchester County, NY; Aspen Dental occupying spaces of 3,200 sq.ft. throughout CT; CarMax on land areas of 10 acres throughout southern New England; Cheeburger Cheeburger using spaces of 1,800 sq.ft. to 2,600 sq.ft. nationwide Destination XL in spaces of 3,500 sq.ft. throughout CT and western MA and Fantastic Sams using spaces of 1,500 sq.ft. throughout CT. Eastern Retail Properties (781-849-9010) is representing Goodwill Industries with its expansion plans throughout eastern MA. The company occupies 10,000 sq.ft. to 16,000 sq.ft. in inline spaces and endcaps of shopping centers, as well as freestanding locations. NAI Friedland Commercial Real Estate Services (914-968-8500) is representing ABC123 Daycare Centers with its expansion plans throughout the New York, NY metropolitan area. The company occupies spaces of 6,000 sq.ft. to 20,000 sq.ft. in various retail settings. Typical leases run 10 years with two, five-year options. DM Dealmakers Magazine | www.dealmakers.net
lead sheet Hobby Lobby Chuck Lanyard c/o The Goldstein Group 45 Eisenhower Drive Paramus, NJ 07652 201-703-9700, Fax 201-703-9678 Email: clanyard@thegoldsteingroup.com Web site: www.thegoldsteingroup.com
Arts/Crafts The 520-unit chain operates locations nationwide throughout 42 states. The stores, offering arts, crafts and related items, occupy spaces of 55,000 sq.ft. in various retail settings. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group.
Michael’s Maria Rita Aristone or Jim DePetris c/o Legend Properties, Inc. 521 Plymouth Meeting Road, Suite 118 Plymouth Meeting, PA 19462 856-231-1010/610-941-4034, Fax 610-941-4038 Web site: www.lpre.com
Arts/Crafts The 1,090-unit chain operates locations nationwide throughout 49 states. The stores, offering arts, crafts, wall décor and seasonal merchandise, occupy spaces of 21,600 sq.ft. in various retail settings. Growth opportunities are sought throughout DE, central and southern NJ and eastern and southeastern PA during the coming 18 months, with representation by Legend Properties, Inc. The company prefers to locate in regionally dominant shopping centers.
TBC Corp. dba Midas International Corp. Harry Hewitt 823 Donald Ross Boulevard Juno Beach, FL 33408 Email: hhewitt@midas.com Web site: www.midasfran.com
Automotive The 2,500-unit chain operates locations nationwide and internationally. The automotive service centers occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in freestanding locations. Growth opportunities are sought nationwide and in Canada during the coming 18 months. Typical leases run 10 years with options. Specific improvements are required. Preferred demographics include a population of 50,000 within three miles earning $40,000 as the average household income. The company prefers to locate in areas with high traffic counts and visible signage. Expansion is franchise-driven.
Mayo Management dba Lynn’s Hallmark, Amy’s Hallmark, Sportsmania and Campus Spirit Harold May 3900 Montclair Road, Suite 330 Birmingham, AL 35213-1215 205-870-4955
Cards The 22-unit chain operates locations throughout AL, GA and MS. Sportsmania and Campus Spirit prefer to occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. and Lynn’s Hallmark and Amy’s Hallmark prefer to occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in malls and strip centers. Limited growth opportunities are sought throughout AL and MS during the coming 18 months. The company is site selective.
Dillard’s, Inc. dba Dillard’s Chris Johnson 1600 Cantrell Road Little Rock, AR 72201 501-376-5200, Fax 501-399-7502 Email: chris.johnson@dillards.com Web site: www.dillards.com
Department Store The 302-unit chain operates locations throughout the Midstates, southern and western regions of the U.S. The department stores occupy spaces of 70,000 sq.ft. to 300,000 sq.ft. in malls and lifestyle centers. Growth opportunities are sought nationwide during the coming 18 months.
Von Maur, Inc. dba Von Maur Director of Real Estate 6565 Brady Street Davenport, IA 52806 563-388-2200, Fax 563-388-2242 Web site: www.vonmaur.com
Department Store The 27-unit chain operates locations throughout GA, IA, IL, IN, KS, KY, MI, MN, MO, NE and OH. The department stores, offering family apparel and accessories, occupy spaces of 75,000 sq.ft. in malls and specialty centers. Growth opportunities are sought throughout AL, GA, NY, OK, WI and the Midwestern region of the U.S. during the coming 18 months.
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January 25, 2013 | Page 9
lead sheet Navarro Discount Pharmacies Barbara Aleman 9400 Northwest 104th Street Medley, FL 33178 305-633-3000, Fax 305-634-0051 Web site: www.navarro.com
Drug Store The 32-unit chain operates locations throughout Broward and Miami-Dade, FL. The drug stores occupy spaces of 7,000 sq.ft. to 14,000 sq.ft. in freestanding and strip centers. Growth opportunities are sought throughout central and southern FL during the coming 18 months.
Five Below Tom Rettaliata c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: trettaliata@ripcony.com Web site: www.ripcony.com
Discount The 200-unit chain operates locations nationwide throughout 18 states. The stores, offering school supplies, fashion accessories, candy, novelty and seasonal items, games, books and stationary products priced between $1 and $5, occupy spaces of 7,500 sq.ft. in outlet, power and strip centers. Growth opportunities are sought throughout northern NJ and Long Island, NY during the coming 18 months, with representation by Ripco Real Estate.
Wireless Experience dba AT&T Wireless Jack Kahn c/o Jack Kahn Realty Services Corp. 33 Clinton Road West Caldwell, NJ 07006 973-808-8757, Fax 973-808-8758 Email: jkbroker@aol.com
Electronics The 45-unit chain operates locations throughout MA, NJ, PA and VA. The stores, offering cellular phones and related accessories and services, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in freestanding locations, malls, kiosks and strip centers. Plans call for 15 openings throughout the existing markets during the coming 18 months, with representation by Jack Kahn Realty Services Corp. Typical leases run five years with options. A vanilla shell and specific improvements are required. Major competitors include Verizon Wireless, T-Mobile and Sprint.
Communications Electronics Todd Calhoun 1953 Greenspring Drive Timonium, MD 21093 410-252-1222, Fax 410-252-5231 Email: info@commicationselectronics.com Web site: www.communicationselectronics.com
Electronics The 14-unit chain operates locations throughout MD, PA and VA. The electronics stores occupy spaces of 1,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Jensen Jewelers of Idaho, LLC dba Jensen Jewelers Tony Prater 133 Shoshone Street North Twin Falls, ID 83301 208-734-7920, Fax 208-734-9574 Email: tprater@jensen-jewelers.com Web site: www.jensen-jewelers.com
Jewelry The 14-unit chain operates locations throughout ID, MT, NV and WY. The jewelry stores occupy spaces of 1,400 sq.ft. to 1,600 sq.ft. in malls, lifestyle and strip centers. Growth opportunities are sought throughout WY during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell and specific improvements are required. The company is site-selective.
So Good Jewelry Adam Stupak or Dustin Roccaforte c/o Task Real Estate 1334 Club Drive Hewlett, NY 11557 646-820-6759/516-241-7394 Emails: adam@taskrealestate.com and droccaforte@taskrealestate.com
Jewelry The 14-unit chain operates locations throughout Los Angeles and San Francisco, CA; Miami, FL; Boston, MA and New York, NY. The jewelry stores occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in various retail settings. Growth opportunities are sought nationwide during the coming 18 months, with representation by Task Real Estate.
Page 10 | January 25, 2013
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lead sheet SVS Vision Alex Bieri c/o Stokas Bieri Real Estate 660 Woodward Avenue, Suite 1500 Detroit, MI 48226 313-962-2800, Fax 313-962-5070 Web site: www.svsvision.com
Optical The 50-unit chain operates locations throughout GA, IL, IN, KY, MI, MN, MO, NY, OH and VA. The optical centers occupy spaces of 1,600 sq.ft. to 2,400 sq.ft. in various retail settings. Plans call for six to eight openings throughout the Midwest region, along with MI and OH, during the coming 18 months, with representation by Stokas Bieri Real Estate.
iparty Michael Hotarek c/o Eastern Retail Properties 25 Braintree Hill Office Park, Suite 305 Braintree, MA 02184 781-849-9010, Fax 781-849-9050 Email: mhotarek@easternretail.com Web site: www.iparty.com
Party Supplies The 50-unit chain operates locations throughout CT, FL, MA, ME, NH, RI and VT. The party supply stores occupy spaces of 10,000 sq.ft. in freestanding locations, endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout New England during the coming 18 months, with representation Eastern Retail Properties. The company prefers sites with at least 70 feet of frontage. For more information regarding expansion throughout FL, contact Dan Lynch, Atlantic Retail.
Party City Corp. dba Party City Doug Calvin 25 Green Pond Road Rockaway, NJ 07866 973-453-8810, Fax 973-983-4829 Email: dcalvin@partycity.com Web site: www.partycity.com
Party Supplies The 800-unit chain operates locations nationwide. The party supply stores occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in lifestyle, power and community centers. Plans call for 35 to 55 openings throughout the existing market during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Target. Preferred demographics include a population of 150,000 within five miles earning $55,000 as the average household income. Major competitors include dollar stores, temporary Halloween stores and party supply retailers.
Laurie’s Shoes, Inc. dba Laurie’s Shoes Mark Waldman 9916 Manchester Road St. Louis, MO 63122 314-961-7092, Fax 314-961-7092 Email: mark@lauriesshoes.com Web site: www.lauriesshoes.com
Shoes The seven-unit chain operates locations throughout IL and MO. The shoe stores occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sough throughout the existing markets, in addition to KS, during the coming 18 months. Typical leases run three to five years. The company prefers to locate in upscale markets.
Panda Franchises, Ltd. dba Panda Linda Goulet 259 Labelle Boulevard, Suite 201 Rosemere, Quebec, Canada J7A 2H3 450-818-9741 Email: info@pandashoes.com
Shoes The 30-unit chain operates locations throughout Canada. The shoe stores occupy spaces of 800 sq.ft. to 1,500 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a population of 200,000.
Running Room Kevin Higa 9750 47th Avenue Edmonton, Alberta Canada T6E 5P3 780-439-3099 Ext. 229, Fax 780-433-6433 Email: khiga@runningroom.com Web site: www.runningroom.com
Shoes The 100-unit chain operates locations throughout IA, MN and Canada. The stores, offering running footwear and apparel items, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding locations and lifestyle, specialty, strip and power centers, as well as downtown areas. Growth opportunities are sought throughout the northern and Midwestern regions of the U.S., as well as Canada, during the coming 18 months.
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January 25, 2013 | Page 11
lead sheet T & B Boots, Inc. dba Takken’s Shoes Cris Takken 670 Marsh Street San Luis Obispo, CA 93401 805-544-3570, Fax 805-544-1438 Email: ctakken@aol.com Web site: www.takkens.com
Shoes The 25-unit chain operates locations throughout CA. The shoe stores occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in regional malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 100,000 within five miles earning $75,000 as the average household income. Major competitors include The Walking Co.
Annex Brands, Inc. dba Postal Annex +, Handle with Care Packaging Store, Sunshine Pack and Ship and Navis Pack and Ship Chris Kimble 7580 Metropolitan Drive, Suite 200 San Diego, CA 92108 619-563-4800, Fax 619-563-9850
Service The 400-unit chain operates locations nationwide. The stores, offering shipping, copying and postal services, as well as office supplies and packaging materials, occupy spaces of 900 sq.ft. to 1,400 sq.ft. in neighborhood centers. Growth opportunities are sought for the Postal Annex + and Sunshine Pack and Ship concepts throughout the existing market during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred cotenants include coffee shops and dry cleaners. Preferred demographics include a population of 30,000 within three miles earning $75,000 as the average household income. Major competitors include the UPS Store, AIM and FedEx Office. The company is franchising.
Alamo Drafthouse Cinema Charlie Phelps c/o Paraclete Realty 111 Cameron Parke Place, Suite 100 Alexandria, VA 22304 301-536-7900 Email: charlie@paracleterealty.com Web site: www.paracleterealty.com
Specialty The company operates locations throughout TX. The movie theater/restaurant chain occupies spaces of 30,000 sq.ft. in freestanding locations, power centers and downtown areas. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty.
GoldMax Jared Davis c/o Present Value Properties, Inc. 150 El Camino Real, Suite 100 Tustin, CA 92780 714-464-3032 Email: jared@pvpinc.com
Specialty The 200-unit chain operates locations throughout southern CA, FL, GA, IL, IN, MI, MN, TX and WI. The stores offer the sale of gold and silver items and prefer to occupy spaces of 900 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Present Value Properties, Inc. The company prefers to locate in locations with high visibility.
Sportsman Liquidation Dave Nicholson or Joe Spagnola c/o LMS Commercial Real Estate 120 North Pointe Boulevard, Suite 301 Lancaster, PA 17601 717-569-9373, Fax 717-560-9909 Emails: dnicholson@lms-pma.com and jspagnola@lms-pma.com Web site: www.lms-pma.com
Specialty The 13-unit chain operates locations throughout DE, MI, PA, SC, TN and VA. The stores, offering outdoor and camping items, gifts and décor, hunting and fishing apparel and accessories, occupy spaces of 8,000 sq.ft. in freestanding locations and entertainment, power, outlet, strip, tourist and value centers. Plans call for five to 10 openings throughout the existing markets, in addition to upstate NY, OH, and WV during the coming 18 months, with representation by LMS Commercial Real Estate. Typical leases run five years. Preferred cotenants include Target, T.J. Maxx, Walmart and major grocery stores. Major competitors include Dicks Sporting Goods, Gander Mountain, The Sports Authority and Dunham’s. The company is franchising.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. Page 12 | January 25, 2013
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California
Florida
Montclair – Montclair East Shopping Center, a 256,000 sq.ft. shopping center located along Moreno Street, has spaces available of 1,134 sq.ft. to 41,200 sq.ft. Ross Dress For Less, Men’s Wearhouse, David’s Bridal and Petco anchor the center with cotenants including Chipotle, McDonald’s, Firestone and El Pollo Loco. The average daily traffic count is 53,000 vehicles. For more information, contact Terry Bortnick, Argent Retail Advisors, 27742 Vista Del Lago, Suite 2, Mission Viejo, CA 92692; 888-301-1888 Ext. 2, Fax 888-400-
4270; Email: tbortnick@argentretailadvisors.com; Web site: www.argentretailadvisors.com.
305-933-0614, Fax 305-933-0615; Email: david@beharrealestategroup.com; Web site: www.beharrealestategroup.com.
Florida
Hialeah – Colonial Village Shopping Center, located at the intersection of West 68th Street and West 12th Avenue, has space available. Cotenants include Walgreens and Wingstop. Area retailers include CVS and Publix. For more information, contact David Behar, Behar Real Estate Group, Inc., 18321 West Dixie Highway, Suite 204, Miami, FL 33160;
Advertise with the deAlmAkers At
Orlando – Shoppes at Andover, a 20,149 sq.ft. shopping center located along Lamberton Boulevard, has spaces available of 1,142 sq.ft. to 1,400 sq.ft. Cotenants include Ferarra’s Pizza, The Beauty Box and East Orange Wellness. The average daily traffic count is 36,715 vehicles. Area demographics include a population of 60,987 within three miles earning an average household income of $68,207. For more information, contact Willow Shambeck, Cursor Realty Commercial; 407622-7772; Email: willow@cursorflorida.com; Web site: www.cursorflorida.com.
Georgia
mAy 19-22, 2013 | lAs veGAs, NevAdA the dealmakers will be distributed at ICSC RECon The Global Retail Real Estate Convention in Las Vegas, NV, delivering your advertising message to the real decision makers. Our readers respond and our advertisers get results. set the stAGe Book appointments in advance by placing your ad in The Dealmakers May 10th pre-show issue, telling everyone you’re ready to make deals! mAke A stAtemeNt Your ad will be hand-delivered to every attendee’s hotel room by 6 a.m. opening day and The Dealmakers May 24th show issue gets exposure on the show floor! FOllOw UP In addition to powerhouse companies that read The Dealmakers every week, the June 7th post-show issue is mailed to attendees — giving you added exposure!
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LaGrange – LaGrange Plaza, a Publixanchored shopping center located along Commerce Avenue, has spaces available of 1,470 sq.ft. and 7,104 sq.ft. The average daily traffic count is 16,930 vehicles. For more information, contact Amanda Steidtmann, Crossman & Co., 3333 South Orange Avenue, Orlando, FL 32806; 678920-1996; Email: asteidtmann@crossmanco.com; Web site: www.crossmanco.com.
Illinois Algonquin – River Pointe of Algonquin, a 166,207 sq.ft. shopping center located at the intersection of Randall Road and Algonquin Road, has two spaces of 1,600 sq.ft. available, along with a 5,000 sq.ft. outparcel. Cotenants include Subway, Office Depot, McDonald’s, Guitar Center, Jo-Ann Fabrics, Rosati’s Pizza, Baskin Robbins and Fitness 19. Area demographics include a population of 145,062 within five miles earning a median household income of $80,040. Bloomingdale – Bloomingdale Town Centre, a 48,650 sq.ft. shopping center located at the intersection of Bloomingdale Road and Lake Street, has spaces available of 1,200 sq.ft. to 1,454 sq.ft., along with a divisible anchor space of 21,146 sq.ft. Cotenants include Taj Mahal Indian Restaurant and Beauty Supply. Area demographics include a population of 84,778 within three miles earning a median household income of $71,691. For more information, contact David Strusiner, Craig/Steven Development Corp., 401 Huehl Road, Suite 1-A, Northbrook, IL 60062; 847-564-5740, Fax 847-564-5635; Email: david@craigsteven.com; Web site: www.craigsteven.com. Dealmakers Magazine | www.dealmakers.net
space place Illinois
Massachusetts
Missouri
Aurora – Spaces of 1,026 sq.ft., 1,194 sq.ft., 1,329 sq.ft. and 1,351 sq.ft. are available along East New York Street. Area retailers include Pizza Hut, Burlington Coat Factory, Panera Bread, Kohl’s, Office Max, Best Buy and Lone Star Steakhouse. The average daily traffic count is 24,000 vehicles. Area demographics include a population of 85,598 within three miles earning an average household income of $114,168. Plainfield – North Plainfield Crossing, located along South Route 59, has up to 10,350 sq.ft. of space available. Area retailers include McDonald’s, Walmart, Red Robin, Starbucks, Chili’s, Buffalo Wild Wings and Target. The average daily traffic count is 34,300 vehicles. Area demographics include a population of 44,790 within three miles earning an average household income of $131,352. For more information regarding the Aurora property, contact Christina Caton Kitchel or Marielee Macapagal, Caton Commercial Real Estate Group, 16106 Route 59, Unit 100, Plainfield, IL 60586; 312-5451035/312-520-1816, Fax 815-439-3370; Emails: christina@catoncommercial.com and marielee@catoncommercial.com; Web site: www.catoncommercial.com. For more information regarding the Plainfield property, contact Lori Caton or Marielee Macapagal; 630-292-8204.
3700 Ext. 127, Fax 516-569-7528; Email: robert@basserkaufman.com; Web site: www.basserkaufman.com.
Price Chopper, Fashion Bug, Sally Beauty Supply, Dollar Tree, GNC and Rent-A-Center. Area demographics include a population of 65,772 within five miles earning an average household income of $78,576. For more information, contact Heather Blacketer, Brixmor, 40 Skokie Boulevard, Suite 600, Northbrook, IL 60062; 913-4384538; Email: heather.blacketer@brixmor.com; Web site: www.brixmor.com.
Chicago – An 815 sq.ft. space is available along North Clark Street. The average daily traffic count is 15,000 vehicles. Area retailers include Starbuck’s, Bongo Room, Akira, Potbelly, Hopleaf and Jerry’s Sandwiches. Area demographics include a population of 76,000 within one mile earning an average household income of $70,000. For more information, contact Sam Hergott, Newcastle Limited, 150 North Michigan Avenue, Suite 3610, Chicago, IL 60601; 312-252-1452; Email: shergott@newcastleunlimited.com; Web site: www.newcastlelimited.com/retail.
Michigan Kalamazoo – Kalamazoo Commerce Center, a mixed-use center located at the intersection of ML Avenue and Sprinkle Road, has spaces available of 15,000 sq.ft. and 25,000 sq.ft. Area demographics include a population of 107,341 within five miles earning an average household income of $61,485. The asking rent is $2.75 psf. For more information, contact Maureen Daniel, Allied Capital Corp., 2620 West Michigan Avenue, Suite A, Kalamazoo, MI 49006; 269-343-0336, Fax 269-343-1702; Email: mdaniel@alliedcapitalcorp.com.
Missouri Liberty – Liberty Corners, a 124,808 sq.ft. shopping center located along South 291 Highway, has two spaces available of 1,400 sq.ft. and a 3,426 sq.ft. space, in addition to an endcap of 1,070 sq.ft. Cotenants include
New Jersey Bricktown – Town & Country Shopping Center, a 315,000 sq.ft. shopping center located at the intersection of Route 70 and Shorrock Street, has spaces available of 1,800 sq.ft. to 23,700 sq.ft. Cotenants include Home Depot, McDonald’s, Modell’s and Value City Furniture. Bridgewater – Bridgewater Towne Centre, a 355,000 sq.ft. shopping center located along Route 202 South, has spaces available of 1,991 sq.ft. and 8,843 sq.ft. Cotenants include Wegman’s, Olive Garden, Party City, Ruby Tuesday and The Children’s Place. (continued on page sixteen)
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Massachusetts Saugus – Fellsway Plaza, a 129,008 sq.ft. strip center located at the intersection of Route 1 and Lynn Fells Parkway, has a 3,000 sq.ft. space available. Cotenants include Panera Bread, Michael’s, Dollar Tree, Marshalls and Sally Beauty Supply. Area demographics include a population of 91,551 within three miles earning an average household income of $81,356. For more information, contact Robert Goldfeder, Basser Kaufman, 151 Irving Place, Woodmere, NY 11598; 516-569Dealmakers Magazine | www.dealmakers.net
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space place New Jersey (continued from page fifteen)
For more information, contact Steiner Equities Group, LLC., 75 Eisenhower Parkway, Suite 150, Roseland, NJ 070681696; 973-228-5800. Mt. Laurel – Roberts Mill Plaza, located along Church Road, has spaces available of 704 sq.ft. and 1,324 sq.ft. Cotenants include Rebel Pilates and F&M Deli. Area retailers include Lowe’s, Staples, Old Navy, GameStop, Dick’s Sporting Goods and Famous Footwear. Area demographics include a population of 82,042 within three miles earning an average household income of $91,756. For more information, contact Jack Corcoran, Legend Properties, Inc., 201 Barclay Pavilion West, 1409 Route 70 East, Cherry Hill, NJ 08034; 610-941-4034, Fax 856-231-1111; Email: jcorcoran@lpre.com; Web site: www.lpre.com. Runnemede – A 1,350 sq.ft. space is available along West Clements Bridge Road. The average daily traffic count is 12,504 vehicles. Area demographics include a population of 92,363 within three miles earning an average household income of $61,726. For more information, contact Jack Corcoran, Legend Properties, Inc., 201 Barclay Pavilion West, 1409 Route 70 East, Cherry Hill, NJ 08034; 610-941-4034, Fax 856-231-1111; Email: jcorcoran@lpre.com. Wayne – Plaza Square, a 103,842 sq.ft. shopping center located along Hamburg Turnpike, has a 2,866 sq.ft. space available, along with a 4,000 sq.ft. restaurant space. Cotenants include Shop Rite, Great Clips, GNC, Sam’s Bagel and Deli, Wendy’s, Hand & Stone Massage and Super Saver Liquors. The average daily traffic count is 25,980 vehicles. Area demographics include a population of 94,298 within three miles earning a median household income of $91,409. For more information, contact Steven Winters, Fameco, 555 U.S. Highway 1 South, Suite 400, Iselin, NJ 08830; 732-526-9104, Fax 732-526-9101; Email: swinters@fameco.com; Web site: www.fameco.com.
New York East Harlem – A 1,466 sq.ft. former Metro PCS is available along 2nd Avenue. The asking rent is $3,500 monthly. For more information, contact Mark Tergesen or Robert Kempner, ABS Partners Page 16 | January 25, 2013
New York
Ohio
Real Estate, LLC., 200 Park Avenue South, New York, NY 10003; 212-400-9528/6061, Fax 212-400-9520; Emails: mt@absre.com and rkempner@absre.com; Web site: www.absre.com.
sq.ft. outparcel. Walmart and Drug Mart shadow-anchor the center with cotenants including Valu King, Dollar Tree, Great Clips, Harbor Freight Tools, LA Rose Nails and Discount Tobacco. The average daily traffic count is 14,620 vehicles. Area demographics include a population of 114,553 within five miles earning an average household income of $59,362. Elyria – Midway Market Square, a 484,548 sq.ft. shopping center located along West River Road, has spaces available of 3,000 sq.ft. and 4,200 sq.ft., in addition to endcap spaces of 25,594 sq.ft. and 32,524 sq.ft. Cotenants include Home Depot, Target, Giant Eagle, Dick’s Sporting Goods and Texas Roadhouse. Sylvania – Starlite Plaza, a 220,871 sq.ft. shopping center located along Monroe Street, has spaces available of 2,096 sq.ft. to 69,553 sq.ft. Cotenants include Ralphie’s, La-Z-Boy, Weight Watchers, Dave’s Running Shop, Sugar Plum Sweets and The UPS Store. Area demographics include a population of 156,257 within five miles earning an average household income of $72,278. The average daily traffic count is 22,750 vehicles. For more information regarding the Eastlake or Elyria property, contact Gary McEnteer, Brixmor, 22054 Farmington Road, Farmington, MI 48336; 847-6917295; Email: gary.mcenteer@brixmor.com; Web site: www.brixmor.com. For more information regarding the Sylvania property, contact Robert Saggese; 248-442-5904; Email: robert.saggese@brixmor.com.
Long Island – Uniondale, a 150,000 sq.ft. shopping center located along Jerusalem Avenue, has a 5,000 sq.ft. space available. Cotenants include Walmart, ShopRite and AutoZone. Massapequa - Philips @ Sunrise, a 350,000 sq.ft. shopping center located along Sunrise Highway, has a 1,200 sq.ft. space available and a 45,500 sq.ft. space available. Cotenants include Waldbaum’s, Michael’s, Burlington Coat Factory, Petco, T.J. Maxx, Olive Garden, Toys “R” Us, Party City and Staples. Area demographics include a population of 149,682 within three miles earning an average household income of $107,790. For more information, contact Andrew Aberham, Philips International, 295 Madison Avenue, 2nd Floor, New York, NY 10017; 212-951-3833, Fax 212-545-1355; Email: aaberham@pihc.com. Middle Village – Metro Mall, located along Metropolitan Avenue, has an 11,700 sq.ft. space available, along with a 160 sq.ft. kiosk. Cotenants include Burger King, Subway, Fabco Shoes, Toys “R” Us, Raymour & Flanigan Sleepy’s, BJ’s Wholesale Club and Conway. Area demographics include a population of 93,812 within one mile earning a median household income of $54,733. For more information, contact Cathy Dubas, Pergament Properties, 95 Froehlich Farm Boulevard, Woodbury, NY 11797; 516496-1400; Email: info@pergamentproperties.com; Web site: www.pergamentproperties.com. New York – A 1,002 sq.ft. ground floor space is available along East 7th Street, along with 497 sq.ft. of outdoor space. Neighboring tenants include McSorley’s Old Ale House, East Village Thai Restaurant and Surma Book and Music Company. For more information, contact Zelnik & Co., LLC, 424 Madison Avenue, Suite 5, New York, NY 10017; 212-223-2200, Fax 212-223-0004; Emails: cory@zelnikco.com, jared@zelnikco.com and kate@zelnikco.com; Web site: www.zelnikco.com.
Ohio Eastlake – The Vineyards, a 144,820 sq.ft. shopping center located along Vine Street, has five spaces available ranging from 1,100 sq.ft. to 39,948 sq.ft., in addition to a 6,000
Pennsylvania Blue Bell – A 4,901 sq.ft. former bank is available along Sentry Parkway. Neighboring retailers include Macy’s, AMC Theaters, California Pizza Kitchen, Bertucci’s, Dave & Busters and Boscov’s. Area demographics include a population of 170,332 within five miles earning an average household income of $102,543. Edwardsville – West Side Mall, located along West Side Mall Drive, has spaces available of 1,222 sq.ft. to 12,935 sq. ft. Lowe’s and Price Chopper anchor the center. Area retailers include Dollar Tree, JoAnn Fabrics, Rite Aid, Super Pets, Rent-A-Center. Area demographics include a population of 124,065 within five miles earning an average household income of $50,908. For more information regarding the Blue Bell property, contact Jack Reilly, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 215-599-0312, Fax 610-941-4038; Email: (continued on page eighteen)
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space place Pennsylvania
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jreilly@lpre.com; Web site: www.lpre.com. For more information regarding the Edwardsville property, contact Joshua Hunsberger or Tim McLaughlin; 1275 Glenlivet Drive, Suite 100, Allentown , PA 18106; 610-868-6720; Emails: jhunsberger@lpre.com and tmclaughlin@lpre.com.
is 19,000 vehicles. Area demographics include a population of 109,441within five miles earning a median household income of $50,696. For more information, contact Cedar Realty Trust, 44 South Bayles Avenue, Port Washington, NY 11050; 856-2188677, Fax 856-218-8678; Web site: www.cedarrealtytrust.com.
Camp Hill – Camp Hill Shopping Center, a 470,117 sq.ft. shopping center located at the intersection of South 32nd Street and Trindle Road, has spaces available of 1,200 sq.ft. and 2,065 sq.ft. Cotenants include Barnes & Noble, Boscov’s, LA Fitness, Five Below, Hallmark, Pier 1 Imports, Arby’s, Subway and Staples. Area demographics include a population of 60,972 within three miles earning a median household income of $63,787. The average daily traffic count is 63,000 vehicles. Harrisburg – Oakhurst Plaza, a 111,869 sq.ft. shopping center located at the intersection of Oakhurst Boulevard/Linglestown Road and Ailanthus Lane, has spaces available of 1,200 sq.ft. to 33,820 sq.ft. The average daily traffic count
Carlisle – Carlisle Crossing, a 368,363 sq.ft. shopping center located along Westminster Drive, has spaces available of 2,318 sq.ft. to 5,492 sq.ft., as well as a pad site. Cotenants include Dollar Tree, GameStop, Red Robin, Kohl’s, Target, PetSmart, Old Navy, Aldi, Classy Nails, Fiesta Burrito, LA Weight Loss, Subway, Cost Cutters and Yankee Candle. Area demographics include a population of 45,288 within five miles earning an average household income of $75,936. For more information, contact Dan Zelson, Charter Realty & Development Corp., 183 Main Street, Westport, CT 06880; 203-2272922; Email: dan@chartweb.com; Web site: www.chartweb.com.
Philadelphia – A 1,500 sq.ft. ground level space is available along Chestnut Street, in addition to 1,500 sq.ft. on the second floor. Area retailers include Lucky Strike Lanes, Five Guys, The Capital Grille, CVS, Morton’s Steakhouse, Tiffany & Co. and Kenneth Cole. The average daily traffic count is 26,631 vehicles. Area demographics include a population of 71,324 within one mile earning an average household income of $72,187. For more information, contact David Manidis or Andi Pesacov, Sierra U.S., 1601 Walnut Street, Suite 501, Philadelphia, PA 19103; 215-383-6003/3599600; Emails: dmanidis@sierraus.com and apesacov@sierraus.com; Web site: www.sierraus.com.
(continued from page sixteen)
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Texas Longview – A 37,111 sq.ft. strip center, located at the intersection of Loop 281 and Gilmer Road, has spaces available ranging from 1,650 sq.ft. to 4,200 sq.ft. For more information, contact Glenn Eikner; 903-534-1200. DM
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