Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. VII
February 21, 2014
FEATURING home-related Chains Expand Nationwide Ace Hardware Corp. trades as Ace Hardware at 4,700 locations nationwide and internationally. The home improvement stores, offering lawn and garden items, tools, paint, hardware, electrical and plumbing products, occupy spaces of 10,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Atlanta, Augusta, Brunswick and Savannah, GA during the coming 18 months. Typical leases run 10 years. A land area of 1.5 acres is required for freestanding locations. The company prefers to locate in areas with an average daily traffic count of 10,000 vehicles and also requires an additional 3,000 sq.ft. for an outdoor selling area. For more information, contact Darin Workman, Ace Hardware Corp., 8815 Stone River Drive, Gainesville, GA 30506; 678-910-8476, Fax 678947-3104; Email: dwork@acehardware.com; Web site: www.acehardware.com. Farrell Calhoun, Inc. trades as Farrell Calhoun Paint at 35 locations throughout AR, KY, LA, MO, MS and TN. The stores, offering paints and related supplies, occupy spaces of 2,500 sq.ft. to 3,000 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 Anthony Ward, Farrell Calhoun, Inc., 221 East Carolina Avenue, Memphis, TN 38126; 901-526-2211, Fax 901525-8574; Email: anthonywardiii@aol.com; Web site: www.farrellcalhoun.com.
Kirkland’s, Inc. trades as Kirkland’s at 325 locations nationwide in 35 states. The stores, offering home furnishings, housewares, gifts and home décor items, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. A raw shell and specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Target, Marshalls and T.J. Maxx. A land area of one acre is required for freestanding locations. For more information, contact Sarah Dickerson, Kirkland’s, Inc., 2501 McGavock Pike, Suite 1000, Nashville, TN 37214; 615-872-4840, Fax 615-872-4902; Email: sarah.dickerson@kirklands.com; Web site: www.kirklands.com. Direct Tools Factory Outlet operates 26 locations throughout AL, AZ, DE, FL, GA, LA, MD, MI, MO, MS, NC, OH, PA, SC, TN, TX and WI. The home improvement stores occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding locations and strip centers. Plans call for four to six openings nationwide during the coming 18 months. For more information, contact Thomas Stormoen, Direct Tools Factory Outlet, 3501 North Southport Avenue, Suite 377, Chicago, IL 60657; 312-933-2780, Fax 312-276-4259; Email: tom.stormoen@ttigroupna.com; Web site: www.directtoolsoutlet.com. (continued on page nine)
This issue contains information on: • Retailers operating 30,417 locations with plans to open 2,165 sites • Real estate valued in excess of $130 million to be bought, sold & financed • Leasing activity on over 2.29 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
icsc mid-atlantic conference and dealmaking New Construction Victory Real Estate Investments redevelops project in TN............ Pg. 3 Observations & Conversations.... Pg. 4 Buyers and Sellers The Woodmont Co. markets two centers in TX.............................. Pg. 5 Food Chains Expand Bruster’s Real Ice Cream to enter AR, CT, WV and Washington, DC............................................. Pg. 6 Who’s Opening and Where Dunkin’ Donuts sweet on OK..... Pg. 7 Grocery Outlet on target for 16 openings..................................... Pg. 7 Wawa slated to open 45 units in VA.............................................. Pg. 7 Custom Fuel Pizza to go national Pg. 7 Tenant Reps Gulf Coast Commercial reps Kahwa Coffee Roasting Co.......... Pg. 8 Lease Signings Divaris inks deal with Furniture Liquidators in Norfolk, VA.......... Pg. 9 Making The News Sterling Organization taps CFO.... Pg. 10 Sources of Financing Capital One Bank places $22 million loan................................ Pg. 10 Lead Sheet Von Maur plans to enter OK and WI.............................................. Pg. 12 Marcus Theatres looks to go national...................................... Pg. 12 Hair Cuttery plans to open 40 locations..................................... Pg. 13 Senor Frogs eyes entry to AZ and CA.............................................. Pg. 14 Space Place................................ Pg. 16