Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. IV
January 27, 2012
Home-Related Chains Expand Nationwide Mattress 1 One operates 85 locations throughout FL, excluding the panhandle and southwestern areas of the state. The stores, offering mattresses and bedding, occupy spaces of 2,200 sq.ft. to 4,200 sq.ft. in freestanding locations, street fronts and endcaps of shopping centers. Plans call for 30 openings throughout Gainesville, Ocala, Jacksonville, Ft. Meyers, Sarasota, St. Petersburg and Tampa, FL during the coming 18 months, with representation by Real Property Specialists, Inc. Typical leases run five years with two, five-year options. For more information, contact Mike Charron, Real Property Specialists, Inc., 2345 West Sand Lake Road, Suite 100, Orlando, FL 32809; 407-812-8000 Ext. 113; Email: mike@realpropertyspecialists.com. Aaron’s operates 1,825 locations nationwide and in Canada. The stores, offering the sale and leasing of residential and office furniture, electronics, home appliances and accessories, occupy spaces of 8,000 sq.ft. in various types of sites. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by National Real Estate Brokerage, Inc. Preferred cotenants include Walmart and grocery stores. For more information, contact Jeff Gelberman, National Real Estate Brokerage, Inc., 10319 Westlake Drive, Suite 284, Bethesda, MD 20817; 301-770-8585 Ext. 112, Fax 301770-8591; Email: jeff@nreb.net; Web site: www.aarons.com.
Tollefson’s Retail Group trades as Carpet Garage and Slumberland Furniture at 22 locations throughout MN, MT and ND. The home furnishings stores occupy spaces of 16,000 sq.ft. to 21,000 sq.ft. in freestanding locations. Growth opportunities are sought for the Carpet Garage concept throughout the existing markets during the coming 18 months. Preferred demographics include a population of 35,000 within 15 miles. A land area of more than 50,000 sq.ft. is required. The company prefers to build sites. For more information, contact Roger Tollefson, Tollefson’s Retail Group, PO Box 698, Minot, ND 58702; 701-852-5231, Fax 701-837-0177; Web site: www.carpetgarage.com. Kirkland’s, Inc. trades as Kirkland’s at 300 locations nationwide throughout 29 states. The stores, offering home furnishings, housewares, gifts and decorative accessories, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Marshalls, T.J. Maxx and Target. A land area of one acre is required for freestanding locations. For more information, contact Sarah Weaver, Kirkland’s, Inc., 2501 McGavock Pike, Suite 1000, Nashville, TN 37214; 615-872-4840, Fax 615-872-4902; Email: sarah.weaver@kirklands.com; Web site: www.kirklands.com. (continued on page six)
This issue contains information on:
* Retailers operating 95,258 locations with plans to open 6,341 sites * Real estate valued in excess of $420.7 million to be bought, sold & financed * Leasing activity on over 9 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Heartland States Idea Exchange New Construction RED Development, LLC developing projects in AZ, CO, MO, NE and TX............. Pg. 3 Buyers and Sellers Comvest is looking for acquisitions throughout markets in the Southeast........ Pg. 4 Openings Starbucks Corp. opening seven stores in a new concept throughout Chicago, IL.......... Pg. 5 Exclusives Michael Salove Co. represents retailers throughout DE, NJ and PA markets..................... Pg. 6 Food Retailers Expand Golden Corral seeking sites nationwide............................ Pg. 7 In the News Mid-America Real Estate – Wisconsin adds Ryan Holzhauer to lease and sell WI retail properties................ Pg. 8 Lease Signings Inland Real Estate Corp. negotiated leases with Ross Dress for Less throughout Chicago, IL............................ Pg. 10 Lead Sheet Guitar Center continues its growth nationwide................ Pg. 11 Hibbett Sports looks to grow in AR, LA, MN and OK.......... Pg. 14 Sources of Financing Eastern Union Commercial Real Estate arranged financing for properties in MD, MN, NJ, PA and VA............................. Pg. 16 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: heartland2012