Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. VII
February 18, 2011
Home-Related Chains Expand Nationwide Harbor Freight Tools operates 300 locations nationwide. The stores, offering power, air and hand tools, as well as automotive and motorcycle, welding, lawn and garden and garage and shop items, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout DE, southern NJ and eastern PA during the coming 18 months, with representation by Michael Salove Co. The company prefers to locate in sites with prominent signage and a minimum of 75 feet of frontage. For more information, contact Stanton Brown, Michael Salove Co., 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215568-2600 Ext. 12, Fax 215-568-2666; Email: sbrown@salove.com, Web site: www.salove.com. Lowe’s Cos., Inc. trades as Lowe’s Home Improvement at 1,700 locations nationwide. The home improvement stores, offering appliances, building supplies, flooring, hardware, paint, tools and lawn and garden products, occupy spaces of 125,000 sq.ft. to 160,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the northeastern and north-central regions of the U.S. during the coming 18 months. The company prefers sites with space for a garden center. A land area of 15 acres is required. For more information, contact Mike Miller, Lowe’s Cos., Inc., 1952 McDowell Road, Suite 101, Naperville, IL 60563; 630-548-7508, Fax 630-527-8830; Web site: www.lowes.com.
Kirkland’s, Inc. trades as Kirkland’s at 300 locations nationwide throughout 29 states. The stores, offering home furnishings, gifts, decorative accessories and housewares, 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, Target and T.J. Maxx. 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 615872-4902; Email: sarah.weaver@kirklands.com; Web site: www.kirklands.com. Williams-Sonoma, Inc. trades as Pottery Barn at 594 locations nationwide. The stores, offering upscale home furnishings and gourmet cookware items, occupy spaces of 5,000 sq.ft. to 15,000 sq.ft. in storefronts and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Epsteen & Associates. For more information, contact Jason Gordon, Epsteen & Associates, 1429 4th Street, Santa Monica, CA 90401; 310-451-8171 Ext. 222, Fax 310-395-6361; Email: jgordon@epsteen.com; Web site: www.epsteen.com. (continued on page ten)
This issue contains information on:
* Retailers operating 24,450 locations with plans to open 2,189 sites * Real estate valued in excess of $145 million to be bought, sold & financed * Leasing activity on over 4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Midwest and Mountain States Idea Exchanges New Construction Redbrick Development Group is developing a 360,000 sq.ft. mixed-use project in Groveton, VA........................ Pg. 3 In the News Ariel Property Advisors formed by Shimon Shkury..... Pg. 4 Buyers and Sellers Westwood Net Lease Advisors looks to acquire Dollar General properties throughout FL.......................................... Pg. 5 Food Retailers Expand Pei Wei Asian Diner seeking locations in FL, GA, IL, NC, PA, TN and Washington, DC Pg. 6 Openings The Sports Authority to open new store in S.A. Elite concept................................. Pg. 7 Lease Signings Vanguard Realty Group negotiated a lease with Sport & Health Clubs for 46,500 sq.ft. in Gainesville, VA......... Pg. 8 Exclusives Levin Management Corp. named leasing and management agent for a project in Livingston, NJ........ Pg. 9 Sources of Financing Position One, Inc. provides bridge financing for retail, office, multifamily and storage properties.............................. Pg. 10 Lead Sheet B&B Theatres plans to enter into TX.................................. Pg. 12 The Container Store to open locations nationwide............. Pg. 14 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: midwest11