Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. VIII
February 24, 2012
Apparel Chains Expand Nationwide Eileen Fisher, Inc. trades as Eileen Fisher at 51 locations, Eileen Fisher Company Store at seven units, Eileen Fisher Boutique at two locations, Eileen Fisher Lab Store at one site and as Green Eileen at one unit nationally, and in the United Kingdom. The stores, offering women’s apparel, accessories and footwear, occupy spaces of 1,000 sq.ft. to 2,500 sq.ft. in upscale malls, lifestyle centers and urban areas. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Dave Waters, Eileen Fisher, Inc., Two Bridge Street, Irvington, NY 10533; 914-5915700, Fax 914-591-8900; Web site: www.eileenfisher.com. Swim N’ Sport Retail, Inc. trades as Swim N’ Sport at 35 locations throughout AZ, CO, FL, GA, IL, LA, MA, MD, NC, NJ, OH, PA, TX and VA. The stores, offering women’s designer swimwear, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in malls and outlet, specialty and value centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include upscale and high-fashion retailers. Major competitors include department stores. For more information, contact Mark Sidle, Swim N’ Sport Retail, Inc., 2396 Northwest 96th Avenue, Miami, FL 33172; 305-593-5071, Fax 305-593-2669; Web site: www.swimnsport.com.
G-Star operates 14 locations throughout AZ, CA, IL, NY and WA, as well as internationally. The stores, offering luxury men’s and women’s apparel, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in street fronts. Growth opportunities are sought nationwide during the coming 18 months, with representation by Townsend & Associates, Inc. J. Lindeberg operates locations throughout AZ, CA, CO, CT, FL, HI, IL, KS, MN, NY, OH, OR, PA, SC, UT and WA, as well as internationally. The stores, offering better lines of apparel, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in street fronts. Growth opportunities are sought nationwide during the coming 18 months, with representation by Townsend & Associates, Inc. The company prefers to locate in affluent areas, and will consider sites in upscale malls and standalone locations. Robert Graham operates one location in CA, in addition to international units. The stores, offering better lines of apparel, occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in street fronts. Growth opportunities are sought nationwide during the coming 18 months, with representation by Townsend & Associates, Inc. The company also prefers to locate in affluent areas, and will consider sites in upscale malls and standalone locations, as well as sites within existing stores. Superdry operates nine locations throughout CA, MN, NJ, NV and NY, in addition to international units. The stores, offering fashion apparel for men and women, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in street fronts. Growth opportunities are sought nationwide during the (continued on page fifteen)
This issue contains information on:
* Retailers operating 67,141 locations with plans to open 5,124 sites * Real estate valued in excess of $443.8 million to be bought, sold & financed * Leasing activity on over 5.4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Mid-Atlantic Idea Exchange New Construction National Realty & Development Corp. developing properties in VA..................................... Pg. 3 Observations and Conversations Pg. 4 Profile|Renaud Consulting.... Pg. 6 Buyers & Sellers Lamar Cos. selling several shopping centers with Cap rates exceeding 8%............... Pg. 8 Food Retailers Expand Miller’s Ale House to enter the MD and Washington, DC markets.................................. Pg. 12 Exclusives Northwest Atlantic represents Bobby’s Burger Palace in midAtlantic and New England markets.................................. Pg. 13 Sources of Financing Johnson Capital arranged $7 million in financing for the acquisition of a shopping center Pg. 14 Openings The Disney Store to roll out a new concept, enter the VA market........ Pg. 14 Lease Signings Cushman & Wakefield| Thalhimer inked deals with HomeGoods, The Fresh Market and Petco in VA......... Pg. 18 Lead Sheet The Big Screen Store to enter the Washington, DC market.... Pg. 20 Ron Jon Surf Shop looks to expand into the VA market.... Pg. 22 Space Place........................... Pg. 25 In the News Levin Management Corp. named Michael Cohen as vice president of leasing................ Pg. 25
For more news go to: www.dealmakers.net Mobile Access Code: midatlantic2012
Mid-Atlantic
Retail Opportunities COLISEUM SQUARE
HAMPTON (HAMPTON ROADS MSA), VIRGINIA 2,400 to 3,200 SF Retail Space Available • Located just off Interstate 64 and West Mercury Boulevard (Route 258) • Neighboring retail centers include mixed-use Peninsula Town Center (1,000,000 SF), Mercury Plaza, Riverdale Plaza, Coliseum Crossing and Todd Center • Hampton Roads is the largest Metropolitan Statistical Area between Washington DC and Atlanta
MERCURY PLAZA HAMPTON (HAMPTON ROADS MSA), VIRGINIA Retail Opportunities for Out-Parcel, Anchor and In-Line Spaces • Mercury Plaza is situated at the intersection of West Mercury Boulevard (Route 258) and Power Plant Parkway (Route 415), just off the I-64 interchange • Ideal location opposite Bass Pro Shops, near the new Hampton Roads Convention Center and newly developed 1,100,000 SF mixed-use Peninsula Town Center
PENINSULA TOWN CENTER
HAMPTON (HAMPTON ROADS MSA), VIRGINIA 717 to 14,282 SF Retail Space Available • • • •
Situated at the intersection of Interstates 64 and 664; traffic count 170,000 vpd Macy’s, JCPenney, Target, Barnes & Nobel, Cinebistro and more than 100 specialty retailers 1.1 million SF mixed-use space: 850,000 SF retail; 115,000 SF office; 160 residential units 686,000 people with an average HH income more than $61,500 within 15 miles
SIEGEN LANE MARKETPLACE BATON ROUGE, LOUISIANA 2,254 to 3,932 SF Retail Space Retail Development Opportunities up to 60,000 SF Available • Premier mixed-use power center in Baton Rouge featuring leading retailers, restaurants and hotels, neighboring a 214-unit townhouse development • Highly visible location at the intersection of I-10 and Siegen Lane • Site includes convenience, service, retail, and office opportunities in Siegen Lane Plaza
GREAT SOUTH BAY WEST BABYLON (LONG ISLAND), NEW YORK 1,500 to 4,695 SF Retail Space 200,000 SF Anchor Retail Space Available • Situated directly on the heavily trafficked Montauk Highway (Route 27A), one of Long Island’s major arteries that connects Nassau and Suffolk Counties and Queens, New York • Preeminent power center on Montauk Highway servicing South Central Nassau County
Visit our new website for more information!
www.mpi-re.com
STABILITY. DIVERSITY. GROWTH.
600 Madison Avenue, 14th Floor New York, New York 10022 T 212.935.1330 F 212.832.5369 | leasing@mpi-re.com
New Construction Carolina Holdings, Inc. is developing Midtowne Plaza, located along Clemson Boulevard in Anderson, SC. A 1,630 sq.ft. space is available. Cotenants include Starbucks and Chipotle. Area retail includes Target, PetSmart, Publix and Midtowne Park, featuring Kohl’s, Dick’s Sporting Goods, Ulta and Staples. The project is slated to open during the second quarter of the year. For more information, contact Carolina Holdings, Inc., 40 West Broad Street, Suite 410, Greenville, SC 29601; 864272-0088, Fax 864-272-0078; Web site: www.choldings.com.
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.
National Realty & Development Corp. is developing Friendship Heights Plaza, a 40,000 sq.ft. project located at the intersection of Jenifer Street and Western Avenue Northwest in Washington, DC. Spaces from 5,370 sq.ft. to 11,340 sq.ft. are available. Area retail includes Anthropologie, Bloomingdale’s, Lord & Taylor, Capital Grill, Neiman Marcus, Saks Fifth Avenue, Tiffany & Co., Whole Foods Market and Williams-Sonoma. Area demographics include a population of 540,956 within five miles earning $123,234 as the average household income. The average daily traffic count is 29,500 vehicles. Construction on the project is slated to begin during the spring. The company is also redeveloping Henrico Plaza, a 400,000 sq.ft. project situated on 26.5 acres along Mechanicsville Pike/U.S. Route 360 in Richmond, VA. Shop space is available along with pad sites. Cotenants include Anthony’s Italian Restaurant and Firestone. Area retail includes BJ’s Wholesale Club, Big Lots, Home Depot, JCPenney, Kroger, Food Lion, Lowe’s Home Improvement, Sam’s Club, SaveA-Lot, Target and Walmart Supercenter. Area demographics include a population of 462,889 within 10 miles earning $63,860 as the average household income. The average daily traffic count is 15,140 vehicles. For more information, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com. Rappaport Retail Brokerage, on behalf of Merchants’ National Properties, Inc. and Realty & Improvement Co., Inc., is preleasing Fordson Place, a 13,200 sq.ft. center located at the intersection of Richmond Highway and Fordson Road in Hybla Valley, VA. Spaces from 1,142 sq.ft. to 4,000 sq.ft. are available. Area retail includes Walgreens, Gold’s Gym, A.J. Wright, Walmart and Mt. Vernon Plaza, featuring Home Depot, T.J. Maxx, CVS, PetSmart, Bed Bath & Beyond and Michaels. Area demographics include a population of 95,654 within three miles earning $112,689 as the average household income. The average daily traffic count is 57,000 vehicles. The company is also preleasing a building located at the intersection of K Street and Connecticut Avenue Northwest in Washington, DC. Area retail includes Brooks Brothers, Burberry, Tiny Jewel Box, Douglas Cosmetics, Godiva, Filene’s Basement, Thomas Pink, Boone & Son Jeweler, Allen Edmonds, Pure Beauty, Victoria’s Secret, Rizik Brothers, Gap, Talbot’s, Ann Taylor, The Daily Grill, The Palm, BLT Steak, Vidalia, Smith & Wollensky, Teatro Goldini, Prime Rib, www.dealmakers.net
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Equinox, Kinkead’s and Bombay Club. Area demographics include a population within one mile earning $107,892 as the average household income. The average daily traffic count is 36,900 vehicles. The project is slated to open later this year. For more information, contact Bill Dickinson, Mike Howard or Melissa Webb, Rappaport Retail Brokerage, 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 703310-6983 or 571-382-1219/1227, Fax 571382-1210; Emails: bdickinson@rappaportco.com, mhoward@rappaportco.com and mwebb@rappaportco.com; Web site: www.rappaportco.com. Regency Centers is redeveloping Willston Centre I, a 109,275 sq.ft. center located at the intersection of Route 50/Arlington Boulevard and Patrick Henry Drive in Falls Church, VA. Shop space is available along with a divisible 50,000 sq.ft. anchor space. Cotenants include CVS, La Bodega, Stevens Shop, Edible Arrangements, Southern Fresca Restaurant, Latin American Furniture, Ace Cash Express and RadioShack. Area retail includes Target, Safeway, PetSmart, Home Depot, Michaels, Marshalls and Sears. Area demographics include a population of 510,898 within five miles earning $117,019 as the average household income. The average daily traffic count is 62,000 vehicles. For more information, contact Devin Corini or Jessica Hurst, Regency Centers; 703-442-4324/4332; Emails: devincorini@regencycenters.com and jessicahurst@regencycenters.com; Web site: www.regencycenters.com. Levin Management Corp. is preleasing Edgewater Square, a mixed-use project located along River Road in Edgewater, NJ. The project will include a 61,000 sq.ft. retail component, a 495-unit residential component and a municipal building. Area retail includes Trader Joe’s, Whole Foods Market, Barnes & Noble, Starbucks, Bed Bath & Beyond, Shiseido and City Place, featuring Chico’s, Guess, Banana Republic, Fleming’s and Express. Area demographics include a trade-area population of 149,134 earning $95,680 as the average household income. The average daily traffic count is 39,400 vehicles. For more information, contact Ethan Goldsmith or Jason Frantzman, Levin Management Corp., PO Box 326, Plainfield, NJ 07061; 800-4880768 Ext. 283/266, Fax 908-755-7194; Emails: egoldsmith@levinmgt.com and jfrantzman@levinmgt.com. (continued on page sixteen) February 24, 2012
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Observations & Conversations The mid-Atlantic market is starting to sizzle, with lots of activity and attention from national chains. Welcome to The Dealmakers’ special edition for the Mid-Atlantic states! This market is starting to see new developments move forward, retailers are back to looking for deals, and there are some very happy brokerage firms seeing the potential for lots of deals in the region. This issue of The Dealmakers has dozens of leads for the mid-Atlantic region and will also be distributed at the ICSC’s MidAtlantic Idea Exchange at the National Harbor in Maryland. I’m anticipating this show to be more active than in years past, because in the past few months alone, there has been a renewed energy to start developments and retailers have been pursuing growth opportunities more aggressively. I’m not only seeing a resurgence of business in the mid-Atlantic states; my research is also showing that the midwestern and southeastern regions are picking up steam as well. I’m also hearing of more transactions along the West Coast and in Texas. More positive feedback I’m hearing is that mom-and-pops are actually opening stores, and a number of franchisees are back in expansion mode. All good news! The mid-Atlantic market is starting to sizzle, with lots of activity and attention from national chains and new concepts. To name a few chains that are doing deals in the region: HomeGoods and The Fresh Market recently signed leases in Virginia. Sports Authority is also opening an S.A. Elite store, its new small store format with a 10,000 sq.ft. footprint, in Columbia, Maryland this year. Urban Outfitters is opening a three-level store in Norfolk, VA. Walmart has plans to open six units in Washington, DC. Costco is opening a location in Washington, DC and will cotenant a new development with Marshalls and Shoppers Food Warehouse. The Disney Store also plans to enter the Virginia market with its new concept. The Harris Teeter grocery chain plans to open a supermarket in Norfolk, Virginia during 2014. Nordstrom Rack is opening a two-level store in Tysons Corner, Virginia this year. The Big Screen Store is growing in Maryland, northern Virginia and Washington, DC. R/C Theaters is continuing its growth in Maryland. Mr. Payroll Corp. is expanding in Virginia. Suntrust Bank is looking throughout the region, as well. Dental Dreams is growing in Baltimore, Maryland and Washington, DC. Goodwill of Greater DC is also looking throughout the region. I feel that these positive indicators will prove out; usually when you see a good cross-section of uses and a wide variety of square footage needs coming into an area, it’s a safe bet that the market is healthy. Another indicator as to how a region is faring is how many food concepts are expanding in the market and whether there is a good cross-section of high- , low- and moderately-priced checks. With that in mind, Bobby’s Burger Palace is growing in the mid-Atlantic market. The concept is a 3,000 sq.ft. quick-service restaurant specializing in gourmet burgers inspired by famous chef Bobby Flay, with waitress page 4
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service, as well as spirits and beer in some locations. Morton’s the Steakhouse is opening a location in a former Borders store in Tysons Corner, Virginia this year. Pudgie’s Pizza, Pasta & Subs plans to open more locations in Maryland. Moe’s Southwest Grill is also focused on finding more deals in the mid-Atlantic region. McDonald’s, Bang Bang Mongolian Grill and Buffalo Wild Wings are looking to expand in select markets throughout the mid-Atlantic area. Miller’s Ale House is also looking for future sites in Maryland and Washington, DC. Don Pablo’s is looking at future growth opportunities in Annapolis and Baltimore, Maryland. Saladworks recently opened its second location in Virginia. Primo Hoagies is continuing its growth in the Beltway area of Washington, DC. Cooper’s Hawk Winery & Restaurant is looking for growth in Virginia. Little Caesar’s is also growing in the mid-Atlantic states. Sweet Frog, a chain of frozen yogurt shops, is also growing in Maryland. That’s a lot of activity, and more signs of recovery for the region. On the acquisition side, I’m hearing of small deals getting done throughout the region. Most of the action is in the acquisition of small strip centers, parcels, dirt for future development and freestanding stores. On the development side, there are a number of projects that had been put on hold for the past few years that will actually break ground this year in the mid-Atlantic states. This issue has a feature on Renaud Consulting; they, too are bullish on the market, with over 250,000 sq.ft. of retail space in the preleasing stage with a groundbreaking scheduled for this year. Owners of centers in the mid-Atlantic market are gaining back their confidence, and quite a few are putting money into their existing centers for renovations and to redevelop older projects to better fit the needs of retailers today. Taking into account retailers’ activity, new developments and the releasing of existing space, the mid-Atlantic region is poised to see lots of growth in the next few years. I’m out of space, so this is a quick reminder to stop by and see us at the Mid-Atlantic Idea Exchange. We will also be at the Midwest Idea Exchange in Chicago, the Monterey Idea Exchange in Monterey and the Carolinas Idea Exchange in Charlotte next month. In April, we’ll be at the Retailer-One-On-One conference in Orlando. Then in May, it’s Vegas, baby, for RECon! So make sure you look us up at the shows and let us know what you’re working on or what tenants you’re repping, or just to say hello. On that note, if you have a project or a tenant that you want to get press coverage on for some of the upcoming shows, drop me an email at ann@dealmakers.net with the info and I’ll make sure it gets to the editors at The Dealmakers. We’ve also recently sent out a mass email to all of you with templates to send in press releases and a link where you can just enter it online, so if you missed that email, just send me an email asking for it again. Here’s to making deals, Ann O’Neal, Publisher www.dealmakers.net
truSt is something
you earn
We’ve changed our name from cedar Shopping centers to one that reflects what we’re all about – a fully-integrated real estate investment trust single-mindedly focused on creating long-term value for our shareholders and long-term relationships with our tenants. our high-quality core portfolio of primarily supermarket-anchored shopping centers straddling the Washington, dc to Boston corridor totals 9.5 million square feet of gLa. In addition, we have an ownership interest through a joint venture in similarly-situated supermarket-anchored shopping centers, having approximately 3.7 million square feet of gLa that we manage.
Leasing
nancy mozzachio, vP of Leasing nmozzachio@cdrrt.com • 856-218-8677
acquisitions
michael Winters, vP of acquisitions mwinters@cdrrt.com • 516-944-4523
CDR
www.cedarrealtytrust.com
renaud consulting
Profile — A monthly column featuring retailers and retail real estate companies
A holistic approach to retail real estate
Adam Taliercio Renaud Consulting is a full-service commercial real estate firm offering leasing, property management, tenant and landlord representation, investment sales, financing and other services for retail clients throughout the mid-Atlantic region. However, as its name implies, the company serves more of a consulting role for its clients than the typical brokerage or property management firm, explained president Henry Renaud. “We’re not just another brokerage company looking to present deals to our clients and let them figure it out,” he said. “We develop custom-tailored strategies for clients, whether they be landlords or tenants, designed to meet their short- and long-term goals.” The company was founded during April 2008, at arguably one of the worst points of the recession. While some might think establishing a new business at the heart of an economic downturn would prove difficult, Renaud said that the reality was just the opposite. “With vacancies rising and landlords becoming frustrated with diminishing and unreliable cash flows from their properties, we found that there was – and still is – a strong demand for a company that can provide a new, fresh and different approach to leasing and sales. Not the cookie-cutter approach to marketing often implemented by big brokerage houses, but a customized, personal approach based on good, old-fashioned hard work.” The company practices what Renaud described as a “holistic” approach: Analyzing each individual component of a given property, from leasing to financing, management, expansion, disposition and even a legal standpoint, and then using the findings from each component to develop a comprehensive strategy that best serves the property as a whole. “When we are engaged by a landlord client to lease their property, we first meet with them and discuss all the aspects of their ownership,” he said. “What goals are they trying to achieve by owning this property? Realize capital appreciation with a sell strategy five years from now? Collect steady income to fund retirement? Purchase value-oriented properties and inflate the value through leasing and property management enhancements? We then develop a leasing and management plan that corresponds to the client’s priorities and dovetails with the milestones they expect to reach in both the short and long term. When we’re afforded the opportunity to take this comprehensive approach to serving our clients’ needs, the results are fantastic.” Within its four-year history, Renaud Consulting has already amassed a number of success stories, and Renaud named Crestview Square Shopping Center in Landover Hills, MD as one of its greatest. On behalf of Federal Capital Partners, the company took on leasing and management duties for the site at a time when vacancy rates were high, with spaces occupied by weaker tenants who were having difficulty paying their rents. Within less than two years, Renaud Consulting brought the center to 100% capacity, relocated and expanded junior-anchor tenant Colortyme and renewed a lease with anchor Value Village, while removing weaker retailers and replacing them with better-quality tenants. The company also improved security at the site and made a number of physical improvements, and ultimately facilitated the sale of the center to Broad Street Ventures late last year. “Further, since Broad Street Ventures heard that we did such a good job for FCP at Crestview Square, they engaged us to continue to provide leasing services for them,” Renaud added. The company prides itself on handling deals that other firms had been unable to complete, such as a recently-negotiated lease with 7-Eleven at Williamsburg Shopping Center in Arlington, VA, wherein the company was able to bring the chain back to the center in a new store after they had moved out a month earlier. “7-Eleven had literally been in this center for over 50 years,” Renaud said, “and they had gotten to the point where they were at odds while trying to renew their lease. They weren’t able to come to an agreement, so 7-Eleven packed up and moved out of the store. Shortly thereafter, we met with the owner and took over [leasing for the center], and couldn’t really understand why a deal couldn’t have been made. It was such a tragedy that they left, and such a good location for them; something should’ve been worked out.” Through its contacts at page 6
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7-Eleven, the company worked out a deal and brought the convenience chain back to Williamsburg Shopping Center, allowing them to redo the space and return to a better store than the one they had left. “We’re known for being dealmakers,” Renaud said. “If other companies can’t seem to get a tough property leased, give it to us and we will get the job done. If the marketing of a property has stagnated and vacancies are lingering longer than they should, give it to us and we’ll kick-start the marketing effort with a new program [based on] high energy, high exposure and a work ethic that’s contagious and doesn’t accept failure. It takes more than putting [a property] on a Web site and putting up a sign, and just waiting and hoping. The key to being successful in the third-party brokerage business is out-hustling your competitors, making deals for your clients...and then listening to them brag about your results to other potential clients.” In addition to its work on existing centers, the company is also preleasing a number of development projects as a third party throughout northern VA, including The Crossroads at Leesburg, a regional mixed-use development on 53 acres at the intersection of Route 7, Route 15 and Route 267/Dulles Greenway in Leesburg. The center will feature a 190,000 sq.ft. retail component, a 120,000 sq.ft. office component and a 40-unit residential component. Other projects include a 57,600 sq.ft. center on 20 acres located along Hirst Road and a 20,507 sq.ft. mixed-use development located along East Main Street, both in Purcellville, VA. All three sites are slated to break ground within a year or less. Renaud Consulting also offers investment sales services, but has thus far focused primarily on leasing and property management. (As the company continues to grow, so will its investment sales division, Renaud said.) As a tenant representative, the company handles more than 50 chains, including national, regional and local retailers. Renaud said that its strongest clients of late have included food concepts such as Little Caesar’s, for which the company has as many as 15 to 20 deals in play at any given time throughout MD, VA and Washington, DC. The company also exclusively represents Morton’s The Steakhouse throughout MD, VA and DC, and recently finalized a deal with the chain for a former Borders space along Route 7 in Tyson’s Corner, VA, slated to open during June. “In our effort to make this deal, we not only found the site, but assisted with various market research and trade-area analyses, including the creation of custom-tailored aerials and site presentation reports,” Renaud said. “Morton’s is a very sophisticated national tenant, and they’re very demanding and thorough in their evaluation of sites. We have the capacity here at Renaud to provide the type of market research and analysis that retailers need when selecting sites.” Renaud said that the mid-Atlantic region has observed a “slight but sustained” recovery over the past six months: Lending activity has increased as smaller lenders become more aggressive in the marketplace, seeing an opportunity to gain market share. In turn, financing has been more readily available for small businesses looking to start up or lease new shop space. Also, franchisees have become more active, able to take over well-located sites at reduced prices, with fast food concepts in particular leading the pack. “We are seeing optimism slowly replace fear, which is resulting in more deals getting done,” he said. “And we live each day in an office full of optimism and energy, interacting with colleagues who not only know what they’re doing, but who enjoy working with each other and are willing to freely share their thoughts and ideas. Enjoying what you do and doing it well is a terrific combination, and telling people about it is equally gratifying. Renaud Consulting expects to continue to grow in 2012 and beyond, as we continue to work hard, make deals and tell people – especially prospective clients – about our success.” For more information, contact Henry Renaud, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571-765-4421, Fax 571-765-4443; Email: henry@renaudconsulting.net; Web site: www.renaudconsulting.net. www.dealmakers.net
Buyers and Sellers Lamar Cos. is selling Market on Cherry Road, a 129,487 sq.ft. center located along Cherry Road in Rock Hill, SC. Office Depot, Big Lots, It’s Fashion Metro and Anna’s Linens anchor the center. The NOI is $790,000. The asking price is $9 million with a Cap rate of 8.75%. The company is also selling Norwin Hills, a 250,000 sq.ft. center located along Norwin Avenue in Irwin, PA. Aldi, Rite Aid, Goodwill Industries and Galaxy Fitness anchor the center. The company is also selling Pell City Marketplace, a 159,041 sq.ft. center located along Martin Street South in Pell City, AL. Big Kmart, Winn-Dixie and Factory Connection anchor the center. The NOI is $826,500. The asking price is $8.7 million with a Cap rate of 9.5%. The company is also selling Village at the Mall, an 87,364 sq.ft. center located along Mall Road in Florence, KY. The Tile Shop, Party City, Pier 1 Imports, Dollar Tree and The Vitamin Shoppe anchor the center. The NOI is $1.307 million. The asking price is $15.375 million with a Cap rate of 8.5%. For more information, contact Lamar Cos., 365 South Street, Morristown, NJ 07960; 973-285-0660, Fax 973-285-9236; Web site: www.lamarcompanies.com. For additional information regarding the Rock Hill property, contact David Webb, Berkeley Capital Advisors; 704-379-1980; Email: webb@berkeleycap.com. For additional information regarding the Irwin property, contact Steve Gerdon, Nations Capital Realty; 703-673-1348; Email: sg@nationscapitalrealty.com. For additional information regarding the Pell City property, contact Jesse Maas; 303-904-1122; Email: jessem@lamarco.com. For more information regarding the Florence property, contact Rebecca Wells, Cassidy Turley; 317-6390522; Email: rebecca.wells@cassidyturley.com. Royal Properties, Inc. is selling a 2,500 sq.ft. store front located along South Main Street in Port Chester, NY. Area retail includes Stop & Shop, Michaels, Bed Bath & Beyond, Loews Cineplex, Marshalls, Costco, Walgreens, Kohl’s, Staples, Pathmark, Verizon Wireless, Dunkin’ Donuts, Modell’s, Home Depot, Wendy’s, Joyce Leslie, McDonald’s, Casual Male, Jembro, AMC Theatres, DSW, Famous Footwear, Petco and Panera Bread. Area demographics include a population of 134,352 within five miles earning $179,696 as the average household income. The asking price is $1.7 million. For more information, contact John Williams, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-2373403 Ext. 115, Fax 914-237-0196; Email: john@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. page 8
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Katz & Associates is selling a 0.31-acre parcel located along Pembroke Road in Pembroke Pines, FL. Area retail includes T.G.I. Friday’s, Red Lobster, CVS, Lowe’s Home Improvement, Publix, LA Fitness, Dollar Tree, Office Depot, Marshalls, Payless ShoeSource and GameStop. Area demographics include a population of 447,487 within five miles earning $49,457 as the median household income. The average daily traffic count is 43,000 vehicles. The company is also selling a 0.44-acre parcel located along Flagler Street in Miami, FL. Area retail includes Walgreens and McDonald’s. Area demographics include a population of 485,231 within five miles earning $38,109 as the median household income. The average daily traffic count is 19,600 vehicles. The company is also selling a 2.34-acre parcel located at the intersection of San Carlos Boulevard and Summerlin Road in Ft. Myers, FL. Area retail includes McDonald’s, Taco Bell, CVS, Walgreens, Winn-Dixie, 7-Eleven, Dunkin’ Donuts, Dollar General and Publix. Area demographics include a population of 68,218 within five miles earning $54,186 as the median household income. The average daily traffic count is more than 36,000 vehicles. The company is also selling a 0.87-acre parcel located along Military Trail in Boynton Beach, FL. Area retail includes Burlington Coat Factory, Bealls, Taco Bell, WinnDixie, CVS, Dunkin’ Donuts, Wachovia Bank and Boynton Beach Mall, featuring Dillard’s, JCPenney, Macy’s and Sears. Area demographics include a population of 247,235 within five miles earning $57,014 as the median household income. The average daily traffic count is 34,000 vehicles. The company is also selling a 1.41-acre parcel located along South Cleveland Avenue in Ft. Myers, FL. Area retail includes Sam’s Club, 7-Eleven, Pizza Hut, Wendy’s, Arby’s, KFC, McDonald’s, Dunkin’ Donuts and Paige Field Commons, featuring Office Depot, Toys “R” Us, PetSmart, Best Buy, Marshalls, Party City, Michaels and Old Navy. Area demographics include a population of 123,169 within five miles earning $70,577 as the median household income. The average daily traffic count is 64,000 vehicles. For more information regarding the Pembroke Pines and Miami properties, contact Daniel Solomon or David Emihovich, Katz & Associates, 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-361-7232 Ext. 15; Emails: danielsolomon@dkatz.com and davidemihovich@dkatz.com; Web site: www.katzassociates.com. For more information regarding the remaining properties, contact David Emihovich or Lindsey Alexander; Email: lindseyalexander@dkatz.com.
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WRS Real Estate Investments, Inc. is selling outlots of 1.75 acres and 1.86 acres at Hudson Bridge Crossing, located along Hudson Bridge Road in Stockbridge, GA. Walmart Supercenter anchors the center and tenants include Southern Pound Cake, Whole Note Music, AT&T Mobility, Postnet, GNC, American Deli, Bass BBQ, Nail Luv, Supercuts, Shoe Department, Dots, Batteries Plus, GameStop, Sally Beauty Supply, Massage Envy, Dollar Tree, Mellow Mushroom, Discount Tire, Arby’s, Zaxby’s and Bank of America. Area demographics include a population of 37,635 within three miles earning $75,845 as the average household income. The company is also selling outlots of 1.3 acres and 2.02 acres at Grandview Station, located at the intersection of Interstate 40 and Sugar Hill Road in Marion, NC. Walmart Supercenter anchors the center and tenants include Andy’s, Dollar Tree, rue21, Shoe Show, Sally Beauty Supply, U.S. Cellular and Murphy Oil. Area demographics include a trade-area population of 43,345 earning $46,765 as the average household income. The company is also selling outlots of 1.38 acres and 1.39 acres at Village at Redbridge, located at the intersection of Redbridge Boulevard and Highway 24/27 in Locust, NC. Walmart Supercenter anchors the center and tenants include Foogle’s Dollar Store, Andy’s Cheeseburgers, Hello Nails, American Cellular and McDonald’s. Area demographics include a trade-area population of 31,154 earning $58,654 as the average household income. The average daily traffic count is 14,000 vehicles. The company is also selling outlots of 1.14 acres; 1.24 acres; 1.25 acres and 1.26 acres at Shoppes at White Knoll, located along South Lake Drive in Lexington, SC. Walmart Supercenter anchors the center and tenants include Advance America, Sport Clips, Sally Beauty Supply, Spa #1 Nails, The UPS Store, Hibachi Express, GameStop, La Fogata Mexican Restaurant, Dollar Tree, Shoe Department, GNC, Sprint, Hair Mechanics and Little Caesar’s. Area demographics include a population of 17,500 within three miles earning $59,928 as the average household income. For more information, contact Mary Dufour, WRS Real Estate Investments, Inc.; 803-6442831; Email: mdufour@wrsrealty.com; Web site: www.wrsrealestate.com. Bull Realty, Inc. is selling a 35,000 sq.ft. neighborhood shopping center situated on 11 acres at the intersection of Beaufort Street and Wire Street in Aiken, SC. For more information, contact Bob Kane, Bull Realty, Inc.; 404-876-1640 Ext. 145; Web site: www.bullrealty.com. (continued on page sixteen)
• Over 50 properties exclusively listed • Over 55 tenants exclusively represented • Fastest growing retail brokerage and management company in the Mid-Atlantic
at S t n a n te & S e i t p er o et r n . p g f n o i iSt ult l S r n u o o c ud See a n e r . www
8605 Westwood Center Drive, Suite 410, Vienna, Virginia 22182 | (703) 404-2346
Food Retailers Expand Nationwide Shorty Small’s, Inc. trades as Shorty Small’s at four locations in AR, KS and OK. The casual dining restaurants occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in freestanding locations, malls and power and strip centers. Limited growth opportunities are sought throughout the existing markets, as well as MO, during the coming 18 months, with representation by Higdon Development. Typical leases run 10 to 20 years. A turnkey is required. Preferred demographics include a population of 60,000 within five miles earning $60,000 as the average household income. Major competitors include Applebee’s, Chili’s and barbecue restaurants. Rosa Mexicano operates 11 locations throughout CA, FL, GA, MN, NJ, NY and Washington, DC. The Mexican restaurants occupy spaces of 5,000 sq.ft. to 12,000 sq.ft. in urban/downtown areas and endcaps of lifestyle and strip centers. Growth opportunities are sought throughout metropolitan areas nationwide during the coming 18 months, with representation by Higdon Development. Typical leases run 10 to 12 years with options. A tenant improvement allowance is required. The company prefers sites with high ceilings, patio space and valet parking, and will also consider freestanding locations, as well as sites within event centers, office projects and hotels. Major competitors include Red O. The company prefers to locate in affluent areas with dense, urban populations. For more information, contact John Higdon, Higdon Development, PO Box 3307, Cedar Park, TX 78630; 512-2556814; Email: john@higdon.us; Web site: www.shortysmalls.com. Focus Brands trades as Moe’s Southwest Grill at 441 locations nationwide, as well as in Turkey. The fast-casual southwestern/ Mexican restaurants, offering burritos, tacos, quesadillas, nachos, salads and fajitas, occupy spaces of 2,200 sq.ft. to 2,800 sq.ft. in urban/ downtown areas and power centers. Plans call for 55 openings throughout the midwestern, northeastern, southeastern and mid-Atlantic regions of the U.S. during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 30,000 within two miles earning $55,000 as the average household income. Major competitors include Baja Fresh, Chipotle, Qdoba Mexican Grill, Salsarita’s, California Tortilla and Lime Fresh Mexican Grill. Expansion is franchise-driven. For more information, contact Phil Russo, Focus Brands, 200 Glenridge Point Parkway, Suite 200, Atlanta, GA 30342; 330-725-2358, Fax 888-704-4106; Email: prusso@focusbrands.com; Web site: www.moes.com. page 12
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McDonald’s operates more than 33,000 locations nationwide and internationally. The fast food restaurants occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in various types of retail sites. Growth opportunities are sought throughout Montgomery County, MD during the coming 18 months, with representation by JBG Rosenfeld Retail. Bang Bang Mongolian Grill operates four locations in IA, MD and VA. The restaurants occupy spaces of 4,500 sq.ft. in various types of retail sites. Growth opportunities are sought throughout suburban areas of MD and northern VA during the coming 18 months, with representation by JBG Rosenfeld Retail. Buffalo Wild Wings operates 815 locations nationwide. The restaurants, offering wings with a variety of sauces and seasonings, as well as salads, appetizers, burgers, wraps and desserts, occupy spaces of 6,500 sq.ft. to 7,500 sq.ft. in various types of retail sites. Growth opportunities are sought throughout MD during the coming 18 months, with representation by JBG Rosenfeld Retail. For more information regarding McDonald’s, contact Chris Wilkinson, JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301657-0700, Fax 301-657-9850; Email: cwilkinson@jbgr.com; Web site: www.mcdonalds.com. For more information regarding Bang Bang Mongolian Grill, contact John Mitchell; Email: jmitchell@jbgr.com; Web site: www.bangbangmongoliangrill.com. For more information regarding Buffalo Wild Wings, contact Jeff Topchik; Email: jtopchik@jbgr.com; Web site: www.buffalowildwings.com. Tucanos Acquisition Co., LLC trades as Tucanos Brazilian Grill at four locations in ID, NM and UD. The Brazilian restaurants occupy spaces of 7,500 sq.ft. in freestanding locations, regional malls, urban/downtown areas, regional malls and endcaps of entertainment and lifestyle centers. Plans call for four openings annually nationwide, with representation by HMS Retail. Typical leases run 10 years. A vanilla shell and tenant improvement allowance are required. Preferred cotenants include movie theaters, upscale casual restaurants and lifestyle retailers. Preferred demographics include a population of 400,000 within a 20-minute drive-time earning $65,000 as the average household income. A 1,000 sq.ft. patio space is required. For more information, contact Lloyd Goldstein, HMS Retail, 500 Midsummer Drive, Suite 100, North Potomac, MD 20878; 301-908-9797, Fax 240-477-8951; Email: lloyd@hmsretail.com; Web site: www.tucanos.com. Dealmakers
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Miller’s Ale House operates 56 locations throughout FL, GA, IL, NV, NY and PA. The restaurants, offering steaks, salads, sandwiches, pasta, seafood and desserts, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout CT, DE, MA, MD, NJ, NY, PA and Washington, DC during the coming 18 months, with representation by SRS Real Estate Partners. A land area of two acres is required for freestanding locations. The company will also consider secondgeneration spaces. For more information, contact David Hochberg or JR Kyes, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-710-5243 or 561-354-4336; Email: david.hochberg@srsre.com; Web site: www.srsre.com. Smoothie King Franchises, Inc. trades as Smoothie King at 615 locations nationwide, excluding the northwestern region, as well as internationally. The shops, offering smoothies and healthy foods, occupy spaces of 1,200 sq.ft. in freestanding locations, malls, urban/downtown areas and entertainment, lifestyle, power, specialty and strip centers. Growth opportunities are sought nationwide, excluding the northwestern region, during the coming 18 months. Typical leases run five years. The company is franchising, and prefers sites with a drive-thru. For more information, contact Richard Leveille, Smoothie King Franchises, Inc., 121 Park Place, Covington, LA 70433; 985-635-6973, Fax 985-635-6987; Email: rleveille@smoothieking.com; Web site: www.smoothieking.com. Don Pablo’s operates 38 locations throughout DE, FL, GA, IN, KY, MD, MI, MN, NJ, OH, PA, SC, TN, TX and VA. The restaurants occupy spaces of 6,500 sq.ft. to 8,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the Wilmington, DE; Annapolis and Baltimore, MD, and Philadelphia, PA metropolitan areas during the coming 18 months, with representation by DJM Realty. The company prefers to convert second-generation spaces, and prefers freestanding locations but will also consider endcaps. For more information, contact James Avallone, DJM Realty, 445 Broadhollow Road, Suite 225, Melville, NY 11747; 631-927-0024, Fax 631-752-1231; Email: javallone@djmrealty.com; Web sites: www.djmrealty.com and www.donpablos.com. (continued on page seventeen)
Exclusives and Leasing Assignments Michael Salove Co. (215-568-2600) represents Qdoba Mexican Grill with the chain’s expansion throughout DE, southern NJ and eastern PA. The restaurants are seeking spaces of 2,200 sq.ft. to 2,800 sq.ft. in freestanding locations and endcaps of enclosed regional malls and lifestyle and power centers, as well as inline spaces in select markets. The company also represents Five Guys Famous Burgers and Fries with the chain’s expansion throughout northern DE, southern NJ and southeastern PA. The restaurants are seeking sites of 2,000 sq.ft. to 2,800 sq.ft. in freestanding locations, urban and suburban areas and endcaps and inline spaces of shopping centers.
Retail Op p o r t u n i t i e s
Winick Realty Group, LLC (212-792-2600) represents Yogaworks For Everybody with the chain’s expansion throughout the Upper East Side, Union Square and West Village areas of New York, NY, as well as throughout the outer boroughs. The chain is seeking spaces of 4,000 sq.ft. to 15,000 sq.ft. Fameco Real Estate, LP (610-834-8000) has been named by Stanbery Development as the management agent for a portfolio of four specialty centers totaling 430,000 sq.ft. throughout NJ and PA. The centers include The Shoppes at Susquehanna Marketplace in Harrisburg, PA; The Shoppes at English Village in Montgomeryville, PA; The Shoppes at Old Bridge in Old Bridge, NJ, and The Shoppes at Union Hill in Denville, NJ. Azarian Realty Co. (201-444-9888) has been named the leasing and management agent of Washington Town Center, a 130,000 sq.ft. neighborhood shopping center located along Pasack Road in Washington Township, NJ. Super A&P anchors the center with cotenants including Rite Aid, U.S. Postal Service and Tri-Plex Movie Theaters. Northwest Atlantic Real Estate Services (914-328-2222) represents Bobby’s Burger Palace with the chain’s expansion throughout CT, MA, MD, NJ, NY, PA, VA and Washington, DC. The fast-casual burger restaurants occupy spaces of 3,200 sq.ft. to 3,800 sq.ft. in freestanding locations and endcaps and inline spaces of regional malls and entertainment, lifestyle and power centers. First Development Corp. (631-234-3200) represents The UPS Store with the chain’s expansion throughout Long Island and Queens, NY. The chain is seeking spaces of 800 sq.ft. to 1,800 sq.ft. in freestanding locations and shopping centers. DM
to make your Mark in Bowie Median Household Income over $94,532 Average Household Income over $109,161 Bowie is one of the largest cities in Maryland. Bowie is also an excellent business location, easily accessed from Washington D.C., Annapolis and Baltimore. Bowie’s proximity to these major cities brings business and workforce into the area via Routes 3, 50 and 301. Bowie has more than 90 restaurants, 200 shops, and a dozen recreation opportunities. With this winning combination of location, access and amenities your business is certain to grow and succeed. For space available details call: Bowie Marketplace, Bob Schwenger, 301-657-7331
Free State Shopping Center, Rich Abruscato, 301-998-8188
Bowie Plaza, Jack deVilliers, 703-442-4315
Hilltop Plaza – Newly Renovated! Bruce Levine, 410-486-0800 x116
Bowie Town Center, Nicole Zupan, 703-415-2180
Pointer Ridge Plaza, Will Collins, 571-382-1290
Collington Plaza, Andrew Rose, 703-442-4500 x26
Shoppes at Bowie Town Center & Shoppes at Highbridge, Sean Weisbord, 410-771-1700
For more information on ALL of Bowie’s Opportunities, contact:
John Henry King, Economic Development Director, City of Bowie, Maryland 15901 Excalibur Road, Bowie, MD 20716 301.809.3042 | fax 301.809.2315 | jhking@cityofbowie.org www.dealmakers.net
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Who’s Opening and Where
Sources of Financing Salem Financial Group U.S. provides hardmoney, bridge/mezzanine and construction financing for commercial, residential, hospitality and other properties nationwide and internationally. Loans are available in amounts up to $250 million. For more information, contact Walter E. Wlodarski, Salem Financial Group U.S.; 973868-8450; Email: salemfinancialgroup@aol.com. Meridian Capital Group, LLC arranged $7 million in interest-only financing for a 10,700 sq.ft. commercial condominium located along West 75th Street in New York, NY. The loan featured a seven-year term and a 4% interest rate. The company also provided $1.5 million in financing for a four-story mixeduse building located along Fifth Avenue in Brooklyn, NY. The loan featured a five-year term and a 3.53% interest rate. The company provides financing for retail, multifamily, coop, office, hospitality, mixed-use, industrial, medical and storage properties in amounts from $1 million to more than $500 million. For more information, contact Avi Weinstock, Meridian Capital Group, LLC, 1 Battery Park Plaza, 26th Floor, New York, NY 10004; 212-972-3600, Fax 212-612-0100; Web site: www.meridiancapital.com. For additional information regarding the Brooklyn property, contact Michael Farkovits. Big Deals Consulting, LLC provides financing for commercial properties. Loans are available in amounts from $1 million to $100 million. For more information, contact German Chavez, Big Deals Consulting, LLC; 619677-3346; Email: projectfunding2012@att.net. Affinity Funding Resources, Inc. provides mezzanine and preferred equity financing for retail, office, hospitality and industrial properties nationwide. Loans are available in amounts above $2 million featuring terms of one to five years and a maximum loan-tovalue ratio of 90%. For more information, contact Brent Germaine, Affinity Funding Resources, Inc.; 734-506-8448, Fax 734-441-1932; Emails: afrinc@aol.com and afrinc@comcast.net. Johnson Capital arranged $7.285 million in financing for the acquisition of a 100,000 sq.ft. shopping center located in Riverside County, CA. The non-recourse loan featured a 10-year term with a fixed interest rate and a 30-year amortization schedule. For more information, contact Kevin Burkhalter, Johnson Capital, 1801 Century Park East, Suite 1550, Los Angeles, CA 90067; 310-286-7400; Email: kjburkhalter@johnsoncapital.com; Web site: www.johnsoncapital.com. DM page 14
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Wal-Mart Stores, Inc. (479-273-4000) plans to open a Walmart Supercenter at Black Hills Center, a project under development in Rapid City, SD. Construction on the center is slated for completion during July, with the Supercenter to open four to six weeks later. The opening will be the company’s second in the city. The company also plans to open a 64,000 sq.ft. Walmart store in part of a former Kmart at Kelsey Creek Center, located in Bellevue, WA. The store, which will primarily offer groceries, is slated to open late this year and will join LA Fitness at the site. The company currently operates more than 9,000 locations nationwide and internationally throughout 15 countries, including nearly 3,000 Walmart Supercenter locations and 160 Walmart Market stores. Urban Outfitters, Inc. (215-454-5500) will open an Anthropologie store at Oxmoor Center, located along Shelbyville Road in Louisville, KY. The store will be the company’s first in the state and is slated to open by early summer. The company also plans to open a 14,000 sq.ft., three-level Urban Outfitters along Granby Street in Norfolk, VA. The store is slated to open during July. The company currently operates more than 135 locations nationwide, as well as in Canada and England, trading as Urban Outfitters, Anthropologie, Free People, BHLDN, Leifsdottir and Terrain. The Disney Store (866-902-2798) plans to open a Disney Store at Danbury Fair Mall, located in Danbury, CT, as part of a plan to open stores in the concept nationwide and internationally by year’s end, having opened 60 of the stores nationwide last year. The store is slated to open during the summer. The company also plans to open or remodel 13 Disney Store locations throughout North America this year, including its entries into CO, DE, UT and VA. The company currently operates more than 350 locations worldwide, including more than 200 throughout North America. Recreational Equipment, Inc. (253-3953780) plans to open a 23,500 sq.ft. REI store at Alba Village, located in Medford, OR. The store is slated to open during the fall. The company will also open a 27,200 sq.ft. store at Devonshire Place, located in Cary, NC. The store will replace an existing, smaller location at Crossroads Plaza in the city, and is slated to open during the spring. The company operates 122 locations, offering equipment and apparel for camping, climbing, cycling, hiking, paddling, snow sports and other outdoor activities, nationwide throughout 28 states. Dealmakers
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Nordstrom, Inc. (206-628-2111) will open a two-level, 42,000 sq.ft. Nordstrom Rack store in a former Filene’s Basement at a 215,000 sq.ft. mixed-use center located along Leesburg Pike/Route 7 near the intersection of Old Gallows Road in Tysons Corner, VA. The store is slated to open during the fall, will be the company’s ninth in the Washington, DC metropolitan area, and will join Morton’s the Steakhouse, Bertucci’s and Bank of America at the project. The company currently operates 225 locations nationwide throughout 30 states, including 117 full-line Nordstrom stores, 104 Nordstrom Rack locations, two Jeffrey boutiques, one treasure&bond location and one clearance store. Regal Entertainment Group (865-922-1123) will open a 56,000 sq.ft. Regal Cinemas at Moorestown Mall, a one-million sq.ft. center located in Moorestown, PA. The theater, which will operate as Moorestown Mall Stadium 12 & Regal Premium Experience, is slated to open during summer 2013 and will join Macy’s, Lord & Taylor, Sears and Boscov’s at the center. The theater, which will replace an existing, smaller United Artists Theatre location at the mall, will feature digital projectors, stadium seating, 2D and 3D projection and surround sound. The company currently operates theaters nationwide as Regal Cinemas, United Artists Theatre and Edwards Theatres. Von Maur, Inc. (563-388-2200) plans to open a 234,000 sq.ft. Von Maur department store in a former Bloomingdale’s at Perimeter Mall, located in Dunwoody, GA. The store is slated to open during the fall, will be the company’s second in the Atlanta, GA market, and will join Macy’s, Dillard’s and Nordstrom at the center. The company also plans to open stores in Birmingham, AL and Rochester, NY during 2013, and currently operates 27 locations throughout GA, IA, IL, IN, KS, KY, MI, MN, MO, NE and OH. Wawa, Inc. (610-358-8000) will open a 6,119 sq.ft. Wawa convenience store with gasoline facilities on 1.83 acres at the intersection of Little Road and Ridge Road in Port Richey, FL. The company currently operates 570 locations throughout DE, MD, NJ, PA and VA. Harris Teeter, Inc. (704-845-3100) plans to open a 53,000 sq.ft. Harris Teeter grocery store at a shopping center to be developed on 8.6 acres at the intersection of Granby Street and Little Creek Road in Norfolk, VA. The store is slated to open by early 2014. (continued on page twenty-four)
Apparel Chains Expand Nationwide (continued from page one)
coming 18 months, with representation by Townsend & Associates, Inc. The company prefers to locate in affluent areas, and will consider sites in upscale malls and standalone locations. For more information, contact Michael Rielly, Townsend & Associates, Inc., 1460 4th Street, Suite 306, Santa Monica, CA 90401; 310-286-9945; Email: mrielly@townsendassociates.com; Web sites: www.townsendassociates.com, www.g-star.com, www.jlindeberg.com, www.robertgraham.us and www.superdry.com. dd’s Discounts operates 88 locations throughout AZ, CA, FL, GA, MD, NV and TX. The stores, offering discounted family apparel, accessories and footwear, occupy spaces of 20,000 sq.ft. to 22,000 sq.ft. in shopping centers. Growth opportunities are sought throughout the San Francisco Bay area of CA during the coming 18 months, with representation by SRS Real Estate Partners. Preferred cotenants include grocery stores. Ross Dress for Less operates 1,038 locations throughout AL, AR, AZ, CA, CO, DE, FL, GA, HI, ID, IL, LA, MD, MS, MT, NC, NJ, NM, NV, OK, OR, PA, SC, TN, TX, UT, VA, WA and WY, as well as in Guam. The stores, offering discounted family apparel, accessories, footwear, home décor and household items, occupy spaces of 22,000 sq.ft. to 25,000 sq.ft. in shopping centers. Growth opportunities are sought throughout the San Francisco Bay area of CA during the coming 18 months, with representation by SRS Real Estate Partners. Preferred cotenants include grocery stores. For more information, contact Sarah Edwards, SRS Real Estate Partners, 301 Howard Street, Suite 900, San Francisco, CA 94105; 415-908-4931, Fax 415-908-4935; Email: sarah.edwards@srsre.com; Web sites: www.srsre.com, www.ddsdiscounts.com and www.rossstores.com. Goodwill of Greater DC operates 13 locations throughout MD, VA and Washington, DC. The stores, offering used apparel, accessories and household items, occupy spaces of 18,000 sq.ft. to 25,000 sq.ft. in various types of retail sites. Growth opportunities are sought throughout MD, VA and suburban areas of Washington, DC during the coming 18 months, with representation by Grubb & Ellis Co. The company is also seeking spaces of 1,200 sq.ft. to 2,000 sq.ft. in various types of retail sites for donation centers. For more information, contact Edward Goldmeier, Grubb & Ellis Co., 1 East Pratt
Street, Suite 904, Baltimore, MD 21202; 410-625-4200; Email: edward.goldmeier@grubb-ellis.com; Web sites: www.grubb-ellis.com and www.dcgoodwill.org. EBL, Inc. trades as Eblens Clothing & Footwear at 32 locations throughout CT, MA, NY and RI. The stores, offering men’s and women’s urban apparel and footwear, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years
with options. A vanilla shell and specific improvements are required. Preferred cotenants include Burlington Coat Factory and T.J. Maxx, as well as video stores and rental centers. For more information, contact Michael Sartinsky, EBL, Inc., 299 Industrial Lane, Torrington, CT 06790; 860-4893073; Email: msartinsky@eblens.com; D Web site: www.eblens.com. M
get updates on our blog at www.dlmkrs.com
Opportunities exist for those who know where to locate them. BJ’s PLAZA Torrington, CT
5,000 SF Available • 90,820 SF neighborhood shopping center featuring BJ’s, Dollar Tree, and Dunkin’ Donuts • Located at the intersection of East Main Street (Route 202) and Torringford West Street in Litchfield County and in close proximity to Routes 4 and 8 • Serves an affluent consumer base with an average HH income of over $54,000
STOP & SHOP PLAZA Canaan, CT
1,800 SF Available • 71,000 SF neighborhood shopping center anchored by Super Stop & Shop and Family Dollar • Located at the intersection of Main Street (Route 44) and Railroad Street (Route 7) in affluent Litchfield County • Situated in the northwest corner of the state
CROSS POINTE CENTRE Jacksonville, NC
5,000; 6,000 SF Available • 196,214 SF power center featuring Marshalls, Ashley Furniture, Old Navy, Books-A-Million, Shoe Carnival, Michaels, Lane Bryant, O’Charley’s, and Cracker Barrel • Located on Western Boulevard in Onslow County near Coastal Carolina Community College, Jacksonville Mall and U.S. Marine Corps Camp LeJeune
CINEMA CENTER Bloomsburg, PA
5,000 SF Pad; 18,543 SF Available • 48,543 SF neighborhood center featuring Cinema Center • Located on Columbia Boulevard (Route 11) at signalized intersection, just off Interstate 80 in Columbia County, 40 miles southwest of Wilkes-Barre and 2 miles from Bloomsburg University • Neighboring retailers include Advance Auto Parts, Rita’s Italian Ice, Verizon, Aaron’s Rent, and Wendy’s
NEW TOWN SHOPS ON MAIN Williamsburg, VA
500 to 10,000 SF Available; Two 9,000 SF On-site Land Parcels Available for Sale for Office/Retail • Established 253,000 SF retail center located on Monticello Avenue in the heart of a 365-acre mixed-use community and in close proximity to the College of William & Mary • 1.7 million SF of specialty retail, office, residential and entertainment • Join Barnes & Noble, JoAnn Fabrics, American Family Fitness, Buffalo Wild Wings, Bonefish Grill, Regal Cinemas, Panera Bread, Charming Charlie, and many more!
1224 Mill Street, Building D-Suite 103, East Berlin, CT 06023 | developers-realty.com Kelly Voss: kelly@developers-realty.com | T 860.561.0121 F 860.521.4323
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Buyers and Sellers (continued from page eight)
Colliers International is selling Sheely Commons, located at the intersection of East Trindle Road and Sheely Lane in Mechanicsburg, PA. Area demographics include a population of 111,203 within five miles earning $78,628 as the average household income. The average daily traffic count exceeds 40,000 vehicles. The company is also selling The Shoppes at Avalon, a proposed lifestyle center to be constructed in phases on 13.55 acres at the intersection of Main Street and Griswold Street in Glastonbury, CT. Area retail includes The Shoppes at Somerset, Home Depot, Staples and Stop & Shop. The project will include a 70,000 sq.ft. retail component, a 10,000 sq.ft. office component, and a hospitality component. Area demographics include a population of 588,389 within a 15-minute drive time earning $78,927 as the average household income. The asking price is $8.5 million. The company is also selling a 71,778 sq.ft. center located along Linwood Avenue in Colchester, CT. Stop ‘N Shop anchors the center and tenants include Rockville Bank. The tenants are bound to net leases. For more information regarding the Mechanicsburg property, contact William Aiello or George Lulos, Colliers International, Commerce Towers, 300 North Second Street, Suite 1203, Harrisburg, PA 17101; 717-579-0844 or 717-880-5900; Emails: william.aiello@colliers.com and george.lulos@colliers.com; Web site: www.colliers.com. For more information regarding the Glastonbury property, contact John J. Cafasso or Nicholas R. Morizio, 864 Wethersfield Avenue, Hartford, CT 06114; 860-616-4013/4022, Fax 860-2474067; Emails: john.cafasso@colliers.com and nicholas.morizio@colliers.com. For more information regarding the Colchester property, contact Jeff Kravet; 1055 Washington Boulevard, Stamford, CT 06901; 203-961-6591; Email: jeff.kravet@colliers.com. Twin Rivers Capital, LLC is selling a 1.18acre parcel located along U.S. Highway 74 in Wadesboro, NC. Area retail includes AutoZone, KFC, Wendy’s, SunTrust Bank, Domino’s Pizza, Advance Auto and Arby’s. Area demographics include a population of 11,546 within five miles earning $43,454 as the average household income. The average daily traffic count is 26,000 vehicles. The asking price is $275,000. For more information, contact Phil Rose, Twin Rivers Capital, LLC, 125 G Wappoo Creek Drive, Charleston, SC 29412; 843722-9925; Email: phil@twinriverscap.com; Web site: www.twinriverscap.com. page 16
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New Construction ARC Properties, Inc. is selling a 45,000 sq.ft. LA Fitness situated on 5.44 acres at the intersection of Hadley Road and Stelton Road in South Plainfield, NJ. The tenant is bound to a 25-year NNN lease commenced during May 2006. Area retail includes Walmart, Home Depot, Target, Staples, Lowe’s Home Improvement and Walgreens. Area demographics include a population of 87,000 within three miles earning $83,000 as the average household income. The asking price is $11.942 million with a Cap rate of 7%. The company is also selling a 16,000 sq.ft. center situated on 1.378 acres at the intersection of Route 17 and Essex Street in Lodi, NJ. Area retail includes 7-Eleven, Rita’s, Sleepy’s, Capital One Bank and Muscle Maker Grill. Area demographics include a population of 210,000 within three miles earning $80,000 as the average household income. The asking price is $14.07 million with a Cap rate of 6.5%. For more information regarding the South Plainfield property, contact Steve Maloy or Rob Martone, ARC Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 917-885-9741 or 973-572-9697, Fax 973249-1001; Emails: stevem@arcproperties.com; rmartone@arcproperties.com; Web site: www.arcproperties.com. Or Rob James, EXP Realty Advisors; 212-972-7457, Fax 215-686-0078; Email: rob@exp1031.com. For more information regarding the Lodi property, contact Steve Maloy or Rob Martone. Or Alan Goldstein, The Goldstein Group; 201-703-9700, Fax 201-703-9678; Email: agoldstein@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. Century 21 Commercial|Mizrahi Realty is selling a mixed-use building located along Nostrand Avenue in Brooklyn, NY. Area retail includes Dunkin’ Donuts, GameStop, Petland, Key Food, Foodtown, Met Food and Goodwill Industries. The asking price is $1.4 million. The company is also selling a two-story building located along Belmont Avenue in Brooklyn, NY. Tenants include Bright Side Academy School. The NOI is $350,000. The asking price is $3.6 million. For more information, contact Century 21 Commercial|Mizrahi Realty, 916 Kings Highway, Brooklyn, NY 11223; 718-998-5700, Fax 718-998-5804; Email: sammizrahi@aol.com; Web site: www.century21retailleasing.com. Calkain Cos. is selling a 2,000 sq.ft. Sonic Drive-In situated on 0.91 acres along Charles H. Dimmock Parkway in Colonial Heights, VA. The tenant is bound to a 16-year NNN lease. The NOI is $150,000. The asking price is $1.875 million with a Cap rate of 8%. For more information, contact Rick Fernandez, Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 703787-4732; Web site: www.calkain.com. DM Dealmakers
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RealtyLink, LLC is preleasing Shoppes at Easley, a 128,998 sq.ft. project situated on 21 acres at the intersection of Calhoun Memorial Highway/SC 123 and Prince Perry Road in Easley, SC. Area retail includes Home Depot, Belk, Lowe’s Home Improvement, Ruby Tuesday, JCPenney, Sears, CVS, Ingles, Bi-Lo, Kmart and Applebee’s. Area demographics include a population of 90,949 within seven miles earning $48,811 as the average household income. The company is also preleasing a project situated on 31.42 acres along Thompson Road in Pikeville, KY. Area retail includes Walmart Supercenter, Dollar Tree, Staples, McDonald’s, Arby’s, Food City and Lowe’s Home Improvement. Area demographics include a population of 107,491 within 20 miles earning $38,325 as the average household income. The average daily traffic count is 33,059 vehicles. The company is also preleasing a project situated on 35 acres along Roberts Lane in Manchester, TN. Area retail includes Home Depot and Walmart Supercenter. Area demographics include a population of 111,910 within 20 miles earning $53,559 as the average household income. The average daily traffic count is 40,000 vehicles. For more information, contact Neil Wilson, RealtyLink, LLC, 14 South Main Street, 2nd Floor, Greenville, SC 29601; 864242-4008 Ext. 13, Fax 864-232-0160; Email: nwilson@realtylinkdev.com; Web site: www.realtylinkdev.com. M&J Associates, Inc. is preleasing West Bridgewater Commons, a 400,000 sq.ft. strip center project situated on 57 acres at the intersection of Route 24 and Route 106 in West Bridgewater, MA. Spaces from 2,500 sq.ft. to 140,000 sq.ft. are available. Area retail includes Lowe’s Home Improvement and Market Basket. Area demographics include a population of 374,493 within 10 miles earning $78,046 as the average household income. The average daily traffic count is 125,000 vehicles. The center is slated to open during 2013. For more information, contact Mark Shair, M&J Associates, Inc., 120 Wells Avenue, Newton, MA 02455; 617-630-4988; Email: mshair123@msn.com. DM
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Food Retailers Expand Nationwide (continued from page twelve)
Tijuana Flats Burrito Co. trades as Tijuana Flats at 80 locations throughout FL, NC, PA and VA. The Tex-Mex restaurants occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in urban areas and mixed-use, power, regional and strip centers. Plans call for 15 openings annually for the coming three years throughout FL, NC and SC. Typical leases run 10 years with two, five-year options. Major competitors include Chipotle and Moe’s Southwest Grill. Expansion in FL is focused on Dade County. For more information, contact Matthew Livingston, Tijuana Flats Burrito Co., 1051 Winderley Place, Suite 202, Maitland, FL 32751; 407-575-7942; Email: matthew.livingston@tijuanaflats.com; Web site: www.tijuanaflats.com. MPC Franchise, LLC trades as Pudgie’s Pizza, Pasta & Subs at five locations throughout MD, NY and PA. The restaurants, offering pizza, subs, pasta and wings, occupy spaces of 3,200 sq.ft. to 5,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide, with a focus on the existing markets, during the coming 18 months. Preferred demographics include a population of 25,000 within two miles
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earning $40,000 as the average household income. Major competitors include pizzerias and sub shops. For more information, contact David Cleary, MPC Franchise, LLC, 350 South Main Street, Elmira, NY 14904; 607-732-4869, Fax 607-734-4983; Email: david@pudgiespizza.com; Web site: www.pudgiespizza.com. Schiano’s Enterprises, Inc. trades as Schiano’s Italian Restaurant at 17 locations throughout NC, NJ, NY and SC. The fastcasual Italian restaurants occupy spaces of 600 sq.ft. in mall food courts and 1,200 sq.ft. to 2,400 sq.ft. in freestanding locations and endcaps of strip and neighborhood shopping centers. Limited growth opportunities are sought throughout GA, NC and SC during the coming 18 months. Typical leases run five to 10 years with options. For more information, contact Frank Schiano, Schiano’s Enterprises, Inc., 7201 Two Notch Road, Columbia, SC 29223; 803788-8100. Zaxby’s operates 540 locations throughout AL, AR, FL, GA, KY, MS, NC, SC, TN, TX and VA. The quick-service restaurants occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in
freestanding locations. Growth opportunities are sought throughout the existing markets, as well as LA, during the coming 18 months, with representation by Snow Properties, Inc. A land area of more than one acre is required. The company prefers to acquire raw land, and is franchising. For more information, contact Tommy Mitchell, Snow Properties, Inc., 1040 Founders Boulevard, Suite 100, Athens, GA 30606; 706-433-2289; Web site: www.zaxbys.com. Sequoia Restaurant & Entertainment Group trades as Yard House at 36 locations throughout AZ, CA, CO, FL, GA, HI, IL, KS, MA, NV, NY, OR, TX and VA. The upscale casual dining restaurants occupy spaces of 10,000 sq.ft. to 11,000 sq.ft. in entertainment and lifestyle centers. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Brian Kjos or John Few, Sequoia Restaurant & Entertainment Group, 610 Newport Center Drive, Suite 500, Newport Beach, CA 92660; 949-706-6646, Fax 949-706-6634; Email: realestate@yardhouse.com; Web site: www.sequoiacompany.com. DM
sport, PA 1734 E 3rd Street William
Williamsport, PA is currently the 7th fastest growing city in America due to its rich natural gas deposits. Many Fortune 500 companies, 13,500 sq.ft. including Halliburton, Anadarko and Chesapeake have made le b Availa substantial investments in Williamsport, which has translated into (between d robust earnings in the region. The increase in population, as well as Party City an average per capita income resulting from this boom, has created PetSmart) a unique opportunity for many businesses large and small, including restaurants and retail establishments of all kinds. All of these factors have now contributed to what is now one of the best markets in the nation to build a new business or expand an existing franchise.
Armed Forces Pennsylvania Drivers Recruiting Center License Center
Other Space Currently Available • 2,100 sq.ft.
• 3,000 sq.ft.
• 1,550 sq.ft. for restaurant, bagel store – Perfect for a pizza parlor!
Howard Dean | 914.631.3000 | riverrogue@msn.com | www.hdeanproperties.com Untitled-1 1
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Other Current Tenants: Open MRI Future Nails Fagnano Pools Chinese Restaurant Hairspray & Polish Salon Community Check Cashing Levinson’s Tuxedo and Tailoring
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Lease Signings Investment Management Associates, Inc. (305-661-0110) negotiated seven leases with Dr. G’s Weight Loss & Wellness for spaces from 1,000 sq.ft. to 1,800 sq.ft. throughout southern FL, including sites in Boca Raton, Deerfield Beach, Hialeah, Jupiter, Miami, Pembroke Pines and Wellington. The company represented the tenant in the transactions. The company also negotiated a lease with Happy Doggie U.S.A., Inc. for 1,175 sq.ft. at Calusa Centre, a 36,900 sq.ft. center located at the intersection of Southwest 112th Street and Southwest 137th Avenue in Miami, FL. Cotenants include Discount Auto, Children’s Clubhouse and Chuck Wagon Restaurant. The company also negotiated leases with Mayuli & Amable Rolo for a 1,800 sq.ft. Mary Kay; with DSHop Tires for 5,250 sq.ft. and with Goldfellow, LLC for 1,500 sq.ft. at Boykin Center, a 100,000 sq.ft. power center located at the intersection of Northwest 36th Street and 79th Avenue in Doral, FL. Cotenants include Intercredit Bank, Allstate Insurance, El Tropico Restaurant and Edible Arrangements. The company also negotiated a lease with Vida Plus 2, LLC for a 1,010 sq.ft. MetroPCS at Sunset West Shopping Center, located at the intersection of Sunset Drive/Southwest 72nd Street and Southwest 87th Avenue in Miami, FL. WinnDixie anchors the center and cotenants include The UPS Store, Subway and Shinju Japanese Restaurant.
Summit Realty, LLC (908-832-0276) negotiated a lease with Provident Bank for 3,000 sq.ft. along Route 28 in Bridgewater, NJ. The company also negotiated leases with Supercuts for 1,500 sq.ft. at Indian Head Plaza in Toms River, NJ and for 1,280 sq.ft. at Sutton Plaza in Flanders, NJ. The company also negotiated leases with Sarku Japan for 1,960 sq.ft. at Interstate Shopping Center in Ramsey, NJ; for 2,431 sq.ft. at Shoppes at North Brunswick in North Brunswick, NJ, and for 1,750 sq.ft. at Summerhill Square, located along Route 18 in East Brunswick, NJ. The company also negotiated a lease with Fortune Buffet for 13,137 sq.ft. at Indian Head Plaza in Toms River, NJ. The company also negotiated a lease with Rugs to Riches for 3,200 sq.ft. at Kitchen Expo Plaza in Flemington, NJ. The company also negotiated a lease with Muscle Maker Grill for 1,500 sq.ft. at Styertowne Shopping Center in Clifton, NJ. The company also negotiated a lease with 7-Eleven for 2,000 sq.ft. along Westfield Avenue in Clark, NJ.
Cushman & Wakefield |Thalhimer (804-6485881) negotiated a lease with HomeGoods for 25,000 sq.ft. at Settlers Market at New Town, located at the intersection of Route 199 and Monticello Avenue in Williamsburg, VA. The company represented the tenant in the transaction. The company also negotiated leases with The Fresh Market for 19,949 sq.ft. and with Petco for 10,800 sq.ft. at Carytown Place, located along North Nansemond Street in Richmond, VA. The company represented the landlord in both transactions.
Island Associates (631-982-2100) negotiated leases with Energy Fuel, Deer Park Salon and Yo Go Wild, for space at Deer Park Commons, located at the intersection of Commack Road and Long Island Avenue in Commack, NY. Retro Fitness anchors the center and cotenants include Advance Auto and Bank of Smithtown. The company represented both the landlord and the tenants in the transactions.
Signature Associates (248-359-0608) negotiated a lease with Dollar Store of Gratiot, Inc. for 8,000 sq.ft. along South Gratiot Avenue in Clinton Township, MI. The company represented the landlord, D&D Co. Properties, LLC, in the transaction. Akridge (202-638-3000), with Transwestern, negotiated a 10-year lease with RestaurantsAmerica for a 6,710 sq.ft. Townhouse Restaurant & Wine Bar along Sixth Street Northwest in the East End neighborhood of Washington, DC. The companies represented the landlord, USAA Real Estate Co., and Sierra Mid-Atlantic represented the tenant in the transaction. page 18
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Streetsense (301-652-9020) negotiated a lease with Founding Farmers for 7,000 sq.ft. at Park Potomac, a mixed-use center located at the intersection of Seven Locks Road and Montrose Road in Potomac, MD. Cotenants include Harris Teeter, Elevation Burger, Emily Grace Fashion Boutique, Love Couture Bridal, Wine Harvest and Zoe’s Kitchen. The company represented the developer, Foulger-Platt, in the transaction.
Taylor Long Properties (804-864-9788) negotiated a 10-year lease renewal with Five Below for 10,000 sq.ft. at Cosners Corner, located along Jeff Davis Highway in Fredericksburg, VA. The company represented the landlord, GLL BVK Properties, LP, in the transaction. The company also negotiated a 10-year lease with JL Cos., LLC for a 1,454 sq.ft. Main Street Cabinets at Hancock Village Shopping Center, located along Hancock Village Drive in Chesterfield, VA. The company represented the landlord, EDCO, LLC, in the transaction. The company also negotiated a fiveyear, four month lease with ACA Enterprises, LLC for a 2,702 sq.ft. Kabab Grille at Towne Center Shoppes, located along Towne Center West Boulevard in Henrico, VA. The company represented the tenant in the transaction. DM
Lead Sheet AKH Discount Tire Centers, Inc. dba Discount Tire Centers and Evans Tires Hratch Andonian 1160 Anaheim Boulevard North Anaheim, CA 92801 714-861-9024, Fax 714-899-4923 Web site: www.discounttirecenters.com
Automotive The 75-unit chain operates locations throughout southern CA. The stores, offering tires and related services and products, occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Moran Industries, Inc. dba Mr. Transmission, Milex, Alta Mere, Smartview, Dr. Nick’s and Multistate Jack Yost 4444 West 147th Street Midlothian, IL 60445 888-559-2263, Fax 615-895-9198 Email: jyost@moranindustries.com Web site: www.moranindustries.com
Automotive The 150-unit chain operates locations nationwide. The stores, offering automotive services and products, occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with three, five-year options. Major competitors include Aamco, Lee Myles and Meineke.
The Pep Boys – Manny, Moe & Jack dba Pep Boys Joe Walsh 3111 West Allegheny Avenue Philadelphia, PA 19132 215-430-9388, Fax 215-430-4661 Email: joe_walsh@pepboys.com Web site: www.pepboys.com
Automotive The 750-unit chain operates locations nationwide and in Puerto Rico. The automotive service centers occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in various types of retail spaces. Growth opportunities are sought nationwide, in areas where the company has an existing footprint, during the coming 18 months. The company is seeking second-generation spaces, will also consider build-to-suits, and requires sites with six to 10 service bays.
Sturdevant, Inc. dba Sturdevant’s Auto Supply and S.A.E. Warehouse Tim Sturdevant 2605 South Shirley Avenue Sioux Falls, SD 57106 605-362-6970, Fax 605-362-6971
Automotive The 46-unit chain operates locations throughout IA, MN, MT, ND, NE and SD. The stores, offering automotive parts and accessories, occupy spaces of 5,000 sq.ft. to 12,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to acquire sites.
Altmeyer Home Stores, Inc. dba Altmeyer Bed Bath & Home Bob Mauro 6515 Route 22 Delmont, PA 15626 724-468-3434, Fax 724-468-3233 Email: bmauro@altmeyers.com Web site: www.bedbathhome.com
Bed/Bath/Linens The 12-unit chain operates locations throughout central and western PA. The stores, offering bathroom products, window treatments, kitchen linens, bedding and outdoor items, as well as home accents, occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in strip centers. Plans call for two to three openings annually throughout central and western PA, near Altoona and State College. Typical leases run five years. Major competitors include Boscov’s and JCPenney.
Dandy Mini Marts, Inc. dba Dandy Mini Mart Randy Williams PO Box 207 Towanda, PA 18848 570-265-6673, Fax 570-888-7161
Convenience The 72-unit chain operates locations throughout NY and PA. The convenience stores occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.
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Lead Sheet GEO H. Green Oil, Inc. dba Greenway Stores John Davis PO Box 127 Fairburn, GA 30213 770-964-6125 Web site: www.greenoilco.com
Convenience The 100-unit chain operates locations throughout GA. The convenience stores occupy spaces of more than 4,000 sq.ft. in freestanding locations and tourist centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include fast food restaurants.
United Dairy Farmers, Inc. dba United Dairy Farmers Store Ross Hobler 3955 Montgomery Road Cincinnati, OH 45212-3733 513-396-8700, Fax 513-366-8558 Web site: www.udfinc.com
Convenience The 188-unit chain operates locations throughout IN, KY and OH. The convenience stores, also featuring an ice cream parlor, occupy spaces of 3,800 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout KY and OH during the coming 18 months. Major competitors include Speedway and BP. The company prefers to acquire sites. A land area of 1.5 acres is required.
Rite Aid Corp. dba Rite Aid Ray G. Payne 320 Goddard Way, Suite 125 Irvine, CA 92618 949-753-0614, Fax 949-754-0506 Email: rpayne@riteaid.com Web site: www.riteaid.com
Drug Store The 4,700-unit chain operates locations nationwide throughout 31 states. The drug stores occupy spaces of 12,000 sq.ft. to 17,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout IN, KY, LA, MI, MS, OH, western PA, WV and along the western coast of the U.S. during the coming 18 months.
The Big Screen Store Edward Goldmeier c/o Grubb & Ellis Co. 1 East Pratt Street, Suite 904 Baltimore, MD 21202 410-625-4202 Email: edward.goldmeier@grubb-ellis.com Web site: www.grubb-ellis.com
Electronics The 16-unit chain operates locations throughout MD and VA. The stores, offering flat-screen televisions and home theater systems, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in various types of retail sites. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by Grubb & Ellis Co.
Kerasotes Theater Steve Frishman c/o Mid-America Real Estate One Parkview Plaza, 9th Floor Oakbrook Terrace, IL 60181 630-954-7300, Fax 630-954-7304 Email: sfrishman@midamericagrp.com
Entertainment The 100-unit chain operates locations throughout CA, CO, IA, IL, IN, MN, MO, OH and WI. The movie theaters occupy spaces of 60,000 sq.ft. to 80,000 sq.ft. in freestanding locations, malls and entertainment and power centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Mid-America Real Estate.
R/C Theatres Management Corp. dba R/C Theatres Scott Cohen 231 West Cherry Hill Court Reistertown, MD 21136 410-526-4774, Fax 410-526-6871 Email: scottr356@aol.com Web site: www.rctheatres.com
Entertainment The 11-unit chain operates locations throughout FL, MD, NC, PA and VA. The movie theaters occupy spaces of 22,000 sq.ft. to 53,000 sq.ft. in entertainment and lifestyle centers. Growth opportunities are sough throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required.
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Lead Sheet Cash America International, Inc. dba Mr. Payroll Corp. Stephenie Derrick 1600 West 7th Street Ft. Worth, TX 76102-2599 800-322-3250, Fax 817-333-1934 Email: sderrick@casham.com Web site: www.mrpayroll.com
Finance The 116-unit chain operates locations throughout AL, AR, AZ, CO, FL, GA, KS, LA, MS, NC, NE, NM, OK, PA, SC, TN and TX. The stores, offering check cashing and financial services, occupy spaces of 65 sq.ft. in kiosks and of 400 sq.ft. to 1,000 sq.ft. in freestanding locations and inline spaces of strip centers. Growth opportunities are sought throughout CA, FL, OH, PA and VA during the coming 18 months. Typical leases run five years with a five-year option. The company is franchising and prefers to locate in low-income areas.
Suntrust Bank John Mitchell c/o JBG Rosenfeld Retail 4445 Willard Avenue, Suite 700 Chevy Chase, MD 20815 301-657-0700, Fax 301-657-9850 Email: jmitchell@jbgr.com Web site: www.suntrust.com
Finance The company operates locations nationwide. The banks occupy spaces of 2,500 sq.ft. to 4,500 sq.ft. in various types of retail spaces. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by JBG Rosenfeld Retail. A drive-thru is required for suburban locations.
TVI, Inc. dba Savers, Value Village and Village Des Vilaurs David Cree 11400 Southeast 6th Street, Suite 220 Bellevue, WA 98004 425-450-2316 Web site: www.savers.com
General Merchandise The 300-unit chain operates locations nationwide and in Canada and Australia. The stores, offering general merchandise, occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought nationwide and in Canada and Melbourne, Australia during the coming 18 months. Typical leases run 10 years with options.
Spencer Gifts, LLC dba Spencer’s Sue Waldman 6826 Black Horse Pike Egg Harbor Township, NJ 08234 609-645-3300, Fax 609-645-5448 Email: sue.waldman@spencergifts.com Web site: www.spencergifts.com
Gifts The 600-unit chain operates locations nationwide and in Canada. The stores, offering unusual gifts and unique merchandise, occupy spaces of 1,800 sq.ft. to 2,100 sq.ft. in regional malls. Plans call for 15 to 20 openings nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required.
Na Hoku, Inc. dba Na Hoku and Pearl Factory Steve Bookatz 3049 Ualena Street, 12th Floor Honolulu, HI 96819 808-833-7772, Fax 808-837-1358
Jewelry The 61-unit chain operates locations throughout CA, CO, FL, HI, IL, MA, NV, OR, PA, TX, VA and WA. The jewelry stores occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in tourist and community shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
RDB Investments dba Jack’s Pets Scott Brenner 802 North Orchard Lane Beaver Creek, OH 45434 937-320-4300, Fax 937-320-4310 Web site: www.jackspets.com
Pet Supplies The 28-unit chain operates locations throughout IN, KY and OH. The stores, offering pet supplies, occupy spaces of 4,500 sq.ft. to 5,000 sq.ft. in power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include grocery stores. Preferred demographics include a population of 50,000 within three miles. Major competitors include Petco and PetSmart.
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Lead Sheet Bio Ped Foot Care Centers, Inc. dba Bio Ped Foot Care Centers Robin Schleien 2150 Winston Park Drive, Unit 21 Oakville, Ontario, Canada L6H 5V1 905-829-0505, Fax 905-829-5199 Web site: www.bioped.com
Shoes The 45-unit chain operates locations throughout Ontario, Canada. The shoe stores occupy spaces of 1,500 sq.ft. in regional malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Cooper’s Hawk Winery & Restaurant Keith Isselhardt c/o Sierra Realty Advisors 640 North LaSalle Street, Suite 410 Chicago, IL 60654 312-254-0705 Email: keith@sierraus.com
Specialty The nine-unit chain operates locations throughout IL, IN, OH and WI. The restaurants, also featuring a winery, a wine tasting room, a gift shop and a full-service bar, occupy spaces of 10,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout IL and VA during the coming 18 months, with representation by Sierra Realty Advisors. The company prefers to acquire land or build-to-suit.
Dental Dreams Jeff Gelberman c/o National Real Estate Brokerage, Inc. 10319 Westlake Drive, Suite 284 Bethesda, MD 20817 301-770-8585, Fax 301-770-8591 Email: jeff@nreb.net
Specialty The 50-unit chain operates locations throughout nine states nationwide. The dental offices occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in shopping centers. Growth opportunities are sought throughout Baltimore, MD and the Washington, DC metropolitan area during the coming 18 months, with representation by National Real Estate Brokerage, Inc. Preferred cotenants include Walmart and grocery stores.
Ron Jon Surf Shop of Florida dba Ron Jon Surf Shop Jacquie Youngs 3850 South Banana River Boulevard Cocoa Beach, FL 32931 321-799-8866, Fax 321-799-8874 Email: jacquiey@rjss.com Web site: www.ronjons.com
Specialty The nine-unit chain operates locations throughout FL, NJ and SC. The stores, offering surf boards and related apparel and equipment, occupy spaces of 8,000 sq.ft. to 15,000 sq.ft. in malls and entertainment and tourist centers. Growth opportunities are sought throughout TX and VA during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include tourist- and entertainment-based retailers. Preferred demographics include a population of 200,000 within 10 miles earning $70,000 as the average household income. Major competitors include Zumiez, Tilly’s, Hollister and PacSun.
The UPS Store David Baumeister 6060 Cornerstone Court West San Diego, CA 92121 858-455-8800 Web site: www.theupsstore.com
Specialty The 4,700-unit chain operates locations nationwide and in Canada and Puerto Rico. The stores, offering shipping, postal, printing and business services, occupy spaces of 800 sq.ft. to 1,800 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout nationwide during the coming 18 months. Typical leases run five years with a five-year option. Preferred cotenants include grocery, drug and department stores. 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 22
February 24, 2012
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Advertise with The Dealmakers at
ICSC RECon The Global Retail Real Estate Convention May 20-23, 2012 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 11th 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 25th show issue gets exposure on the show floor! FOLLOW UP In addition to powerhouse companies that read The Dealmakers every week, the June 8th postshow issue is mailed to attendees — giving you added exposure!
Place your ad in the Pre-Show, Show and Post-Show issues and at no extra cost, receive: • Placement on THE DEALMAKERS “A” LIST • 55,000+ decision makers will be emailed • 500,000+ real estate pros view your ad at www.dealmakers.net • The Dealmakers “A-List” is emailed to 55,000 retail real estate decision makers, providing a synopsis of your advertising message, a thumbnail of your ad and a link to your company’s Web site.
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Who’s Opening and Where Target Corp. (612-304-6073) will open a Target store along SC 544/U.S. Highway 17 Bypass in Myrtle Beach, SC. The store is slated to open during July. The company currently operates more than 1,700 locations nationwide throughout 49 states.
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DSW, Inc. (614-237-7100) plans to open between 35 and 40 DSW shoe stores this year, up from a previous-estimated 15 to 20 locations. The company currently operates 326 locations throughout 40 states nationwide.
Trader Joe’s Co. (626-599-3700) will open Ross Stores, Inc. (925-965-4400) will open a 16,000 sq.ft. Trader Joe’s grocery store a 39,000 sq.ft. Ross Dress for Less on two along Patriot Place in Foxboro, MA. The floors of a former Woolworth’s department store will offer beer and wine, is slated to store located along South Broadway in open later this year, and will be the downtown Los Angeles, CA. The store is company’s 18th in the state. The company slated to open early next year. The company currently operates more than 350 locations DMM_SCB_Half Add_Feb12_2.0 2/6/12 5:49 PM currently Page 1 operates more than 1,000 locations throughout 30 states nationwide. throughout 27 states nationwide.
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Hennes & Mauritz AB (212-564-9922) plans to open an H&M apparel store at the former Lincoln Theater, a 35,000 sq.ft. multi-level retail project currently under development along Lincoln Road in Miami Beach, FL. The store will be the company’s first in the city and fifth in the state, and is slated to open during the fall. The company currently operates 2,300 locations, offering apparel for men, women and children, nationwide and internationally throughout 40 countries.
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February 24, 2012
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Publix Super Markets, Inc. (863-688-1188) plans to open a Publix at a center located at the intersection of Gold Hill Road and Pleasant Road in Ft. Mill, SC, as well as a 50,000 sq.ft. location at Cross Creek Shopping Center, a project under construction at the intersection of U.S. Highway 521 and Doby’s Bridge Road in Indian Land, SC. Both locations will open late this year, and will be the company’s first in the area. The company operates more than 1,000 locations throughout AL, FL, GA, SC and TN. Apple, Inc. (408-996-1010) plans to open a 15,030 sq.ft. Apple store in a new prototype along University Avenue in Palo Alto, CA. The company will also open small locations within 25 Target stores nationwide, with plans to later expand to additional Target locations. The company currently operates 359 locations nationwide and internationally, including 245 stores within the U.S.
DMM PRINT EDITION: n
Saladworks, LLC (610-825-3080), through a franchisee, plans to open three Saladworks restaurants in Tampa, FL during the next several years. Planned openings include a location along West Brandon Boulevard slated to open during the middle of the year. The company also plans to open franchised locations in LA, SC, TX, WA and Washington, DC, marking its entry into each market. The company currently operates 100 locations throughout 12 states nationwide.
www.dealmakers.net
Carlie C’s IGA (910-892-4124) will open a 46,328 sq.ft. grocery store in a former WinnDixie at North South Station, located at the intersection of Garner Station Boulevard, U.S. Highway 70 and U.S. Highway 401 in Garner, NC. The store is slated to open during the second half of the year and will be the company’s 15th location. Steak ‘N Shake (317-633-4100) plans to open 110 franchised locations during the next several years. The company currently operates 490 restaurants, including 413 company-owned units and 77 franchises, throughout 25 states nationwide. DM
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Canaan – Stop & Shop Plaza, a 71,000 sq.ft. neighborhood shopping center located at the intersection of Main Street/Route 44 and Railroad Street/Route 7, has an 1,800 sq.ft. space available. Super Stop & Shop and Family Dollar anchor the center. Torrington – BJ’s Plaza, a 90,820 sq.ft. neighborhood shopping center located at the intersection of East Main Street/Route 202 and Torringford West Street, has a 5,000 sq.ft. space available. BJ’s Wholesale Club, Dollar Tree and Dunkin’ Donuts anchor the center. Area demographics include a tradearea population earning more than $54,000 as the average household income. For details, contact Kelly Voss, Developers Realty Corp., 1224 Mill Street, Building D, Suite 103, East Berlin, CT 06023; 860561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.
Dollar Tree, Subway, Bridgestone and IHOP. Area demographics include a population of 162,601 within three miles earning $76,995 as the average household income. For details, contact DLC Management Corp., 1202 Goucher Boulevard, Towson, MD 21286; 410-821-0303; Web site: www. dlcmgmt.com.
Louisiana Baton Rouge – Siegen Lane Marketplace, a mixed-use power center located at the intersection of Interstate 10 and Siegen Lane, has spaces available from 2,254 sq.ft. to 60,000 sq.ft. Area retail includes Siegen Lane Plaza. For details, contact Mall Properties, Inc., 600 Madison Avenue, 14th Floor, New York, NY 10022; 212-935-1330, Fax 212-8325369; Email: leasing@mpi-re.com; Web site: www.mpi-re.com.
Maryland Baltimore - Mount Clare Junction has spaces available from 600 sq.ft. to 58,336 sq.ft. Cotenants include Family Dollar, Rent-ACenter and H&R Block. Area demographics include a population of 255,602 within three miles earning $50,429 as the average household income. Oxon Hill - Eastover Shopping Center has spaces available from 2,000 sq.ft. to 4,320 sq.ft. Giant anchors the center and cotenants include CVS, Dollar Tree, Rainbow and RadioShack. Area demographics include a population of 129,194 within three miles earning $90,070 as the average household income. Also, Oxon Hill Plaza has spaces available from 1,050 sq.ft. to 3,840 sq.ft. Shoppers Food Warehouse anchors the center and cotenants include Marshalls and Family Dollar. Area demographics include a population of 107,211 within three miles earning $81,505 as the average household income. Towson Loch Raven Plaza has spaces available from 3,900 sq.ft. to 4,400 sq.ft. Cotenants include
Brunswick – A 15-acre parcel located at the intersection of Jefferson Pike and Burkittsville Road is available. Area demographics include a population of 60,386 within 10 miles earning $93,366 as the average household income. For details, contact Gibraltar Management Co., Inc., 150 White Plains Road, Tarrytown, NY 10591; 914-631-6200; Web site: www.gibraltarmgt.com. California – South Plaza Shopping Center, a 92,335 sq.ft. center located at the intersection of Old Rolling Road and Three Notch Road, has a 3,911 sq.ft. space available. Ross Dress for Less and Best Buy anchor the center. Cotenants include Petco, Old Navy, Spa One Nails, GameStop, Panera Bread and Five Guys Famous Burgers and Fries. Area demographics include a population of 41,614 within five miles earning $77,222 as the average household income. The average daily traffic count is 46,811 vehicles. For details, contact Steve Jenkins, Equity One, Inc., 1600 Northeast Miami Gardens Drive, North Miami Beach, FL 33179; 980213-8366; Email: sjenkins@equityone.net; Web site: www.equityone.net. Chevy Chase – Wisconsin Place, a 1.1-million sq.ft. mixed-use center situated on eight acres along Wisconsin Avenue, has space available. Cotenants include Bloomingdale’s, Whole Foods Market, Adolfo Dominguez, Anthropologie, BCBG Max Azria, Cole Haan, Eileen Fisher, Giggle Market, Ilori, MAC, Sephora, Talbots, White House|Black Market, P.F. Chang’s, The Capital Grille, The Tasting Room and Tynan Coffee & Tea. Area demographics include a population of 547,133 within five miles earning $138,018 as the average household income. For details, contact New England Development, One Wells Avenue, Newton, MA 02459; 617-965-8700; Web site: www.nedevelopment.com. Linthicum – Nursery Road Plaza, a 22,630 sq.ft. strip center located at the intersection of Nursery Road and Hammonds Ferry Road, has spaces available of 1,200 sq.ft.; 3,600 sq.ft. and 5,300 sq.ft. Cotenants include (continued on page twenty-six) www.dealmakers.net
The
Dealmakers
Real Estate Professionals Making the News Linear Retail Properties, LLC (781-2023532) named chief financial officer Deepa Krishnamurthy as a partner. She is responsible for overseeing the financial, accounting and human resource functions of the company. Prior to joining the company, she served as portfolio controller at MacFarlane Urban Realty Co. The company owns and operates 57 retail properties throughout New England. NAI Avant (843-814-6111) hired Ruth Marie Embler as a member of the company’s senior brokerage team. She will operate out of the company’s Charleston, SC office and will focus on retail development projects, retail land brokerage and investment sales throughout the southeastern region of the U.S. Prior to joining the company, she served at WRS, Inc. The company, an affiliate of NAI Global, is headquartered in Columbia, SC and offers brokerage, leasing, development and property and project management services throughout the Southeast. Levin Management Corp. (800-488-0768) hired Michael Cohen as vice president of leasing. He will be responsible for overseeing the company’s leasing activities. Prior to joining the company, he served as executive vice president and director of leasing at DLC Management Corp. The company is a retail real estate services firm offering leasing and management services throughout the northeastern region of the U.S. Marcus & Millichap Real Estate Investment Services (925-953-1716) promoted Thomas Gorman from associate vice president investments to sales manager of the company’s Philadelphia, PA office. The company offers commercial real estate investment services nationwide. Edgemark Commercial Real Estate Services, LLC (630-472-1010) hired John L. Thompson as vice president of the company’s retail leasing team. He specializes in new business development, product leasing, tenant representation and investment sales. Katz & Associates (845-735-6666) hired Lynda Nagy and David Stockwell as associates. They will operate out of the company’s Boca Raton, FL and Charlotte, NC offices, respectively. Sperry Van Ness International (888-3110605) named Shari Tucker-Gasser as national director of retail properties. She will serve as a liaison to the company’s retail affiliates nationwide. DM February 24, 2012
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Season’s Pizza, Rita’s, Vivid Salon, Nursery Nails, SUNDay Tans, Happy Garden Chinese Restaurant and ARI. For details, contact Mike Gioioso, JBL Real Estate, LLC, 2030 Aliceanna Street, Baltimore, MD 21231; 410342-5263, Fax 410-342-6249; Email: mike@jblrealestatellc.com; Web site: www.jblrealestatellc.com. Randallstown – Brenbrook Plaza, a 146,586 sq.ft. community strip center, located at
Massachusetts
New York
the intersection of Liberty Road/Highway 26 and Brenbrook Drive, has a 3,600 sq.ft. space available along with a pad site. Home Depot anchors the center and cotenants include Domino’s Pizza, CitiFinancial, Dollar Buys, Chase Brexton, Beauty Mart, Edible Arrangements and ISKF Karate. Area retail includes Shoppers Food Warehouse, Ollie’s Bargain Outlet, Liberty Village and Liberty Plaza. Area demographics include a population of 792,487 within 10 miles earning $82,218 as the average household income. The average daily traffic count is
32,125 vehicles. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.
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E xce l l e n ce fo r over 30 yea rs and look ing fo r you to be o u r n ex t su ccess p ar t ner
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New York West Babylon – Great South Bay, located along Montauk Highway/Route 27A, has spaces available from 1,500 sq.ft. to 4,695 sq.ft. along with a 200,000 sq.ft. anchor space. For details, contact Mall Properties, Inc., 600 Madison Avenue, 14th Floor, New York, NY 10022; 212-935-1330, Fax 212-8325369; Email: leasing@mpi-re.com; Web site: www.mpi-re.com.
North Carolina
NATIONAL FRANCHISE SITE SELECTION
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Milford – Kmart Shopping Center, a 160,770 sq.ft. community strip center located at the intersection of Medway Street/Route 109 and Beaver Street, has a 20,000 sq.ft. space available. Kmart anchors the center and cotenants include Bug A Boo Steak House, Dollar Tree, CB Sullivan Beauty Supplies, Perfect Health and Baybank Middlesex. Area demographics include a population of 80,607 within five miles earning $100,390 as the average household income. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.
www.dealmakers.net
Charlotte – A center located along University City Boulevard has an 18,300 sq.ft. junior-anchor space available. Area retail includes Target, Lowe’s Home Improvement, Hobby Lobby, Marshalls, Walmart Supercenter, IKEA, Big Lots, Dick’s Sporting Goods, Kohl’s, Rooms to Go, Michaels, T.J. Maxx and Office Depot. Area draws include University of North Carolina. Area demographics include a population of 179,527 within five miles earning $67,851 as the average household income. The average daily traffic count is 62,000 vehicles. For details, contact Gavin Walsh or Julie Gardner, Katz & Associates, 4500 Cameron Valley Parkway, Suite 240, Charlotte, NC 28211; 704-362-5050, Fax 704-3625045; Emails: gavinwalsh@dkatz.com and juliegardner@dkatz.com; Web site: www.katzassociates.com.
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Jacksonville – Cross Pointe Centre, a 196,214 sq.ft. power center located along Western Boulevard, has spaces available of 5,000 sq.ft. and 6,000 sq.ft. Cotenants include Marshalls, Ashley Furniture, Old Navy, Books-A-Million, Shoe Carnival, Michaels, Lane Bryant, O’Charley’s and Cracker Barrel. Area draws include Coastal Carolina Community College. For details, contact Kelly Voss, Developers Realty Corp., 1224 Mill Street, Building D, Suite 103, East Berlin, CT 06023; 860561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.
Ferrando’s Pizza, Rhodes Murphy, GameStop, Palm Beach Tans, Firehouse Subs, Advance America, GNC, Verizon Wireless, Great Clips and AT&T Mobility. Area draws include University of South Carolina Aiken. Area demographics include a population of 47,759 within three miles earning $55,675 as the average household income. For details, contact Jude Crayton; WRS Real Estate Investments, Inc.; 843-7148175; Email: jcrayton@wrsrealty.com; Web site: www.wrsrealestate.com.
Lexington – Hendrix Crossing, located at the intersection of U.S. Highway 378 and Charter Oak Road, has spaces available of 1,712 sq.ft. and 1,800 sq.ft. along with two 1,500 sq.ft. spaces and outlots of 0.82 acres and one acre. Publix anchors the center and cotenants include Great Clips, Lake Murray Liquors, Yogen Fruz, Subway, Bella Nails and Verizon Wireless. Area demographics include a tradearea population of 27,416 earning $86,369 as the average household income. The average daily traffic count is 17,900 vehicles.
Pennsylvania
Reach oveR 55,000 Retail Real estate decision makeRs with just one click.
Williamsport – T.J. Maxx Plaza, located along East. 3rd Street, has spaces available of 1,550 sq.ft.; 2,100 sq.ft.; 3,000 sq.ft. and 13,500 sq.ft. T.J. Maxx/HomeGoods anchors the center and cotenants include Party City, PetSmart, Jo-Ann Fabrics, GNC, H&R Block, Sprint, FNB Bank and The UPS Store. For details, contact Howard Dean, H. Dean Properties; 914-631-3000; Email: riverrogue@msn.com; Web site: www.hdeanproperties.com.
South Carolina Aiken – A center located along Whiskey Road has a 1,200 sq.ft. space available. Cotenants include AT&T Mobility and Edward Jones. Area retail includes Stein Mart, Walmart Supercenter, Bed Bath & Beyond, T.J. Maxx, Old Navy, Burger King, Walgreens, Sonic Drive-In, CVS, Dollar Tree, Golden Corral, Ruby Tuesday, Publix, Chick-fil-A and Aiken Mall, featuring JCPenney. Area demographics include a population of 49,215 within five miles earning $68,510 as the average household income. The average daily traffic count is 29,500 vehicles. The asking rent is $18 psf. For details, contact Phil Rose, Twin Rivers Capital, LLC, 125 G Wappoo Creek Drive, Charleston, SC 29412; 843-722-9925; Email: phil@twinriverscap.com; Web site: www.twinriverscap.com.
(continued on page twenty-eight)
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Aiken – Shoppes at Richland, located along Richland Avenue, has two 1,600 sq.ft. spaces available along with a 4,000 sq.ft. space. Walmart Supercenter anchors the center and cotenants include Ni Hao Chinese Buffet, Maurices, Froogle’s Dollar Store, Nail Secrets, Tokyo Grill,
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Dealmakers
February 24, 2012
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For details, contact Matt Crosland or Danny Bonds, Edens & Avant, 1221 Main Street, Suite 1000, Columbia, SC 29201; 803-774-6741/7509; Web site: www.edensandavant.com.
Texas El Paso – A center located at the intersection of Sean Haggerty Drive and U.S. Highway 54 has spaces available from 1,000 sq.ft. to 7,200 sq.ft. Cotenants include Pet’s Barn, Dollar General, Little Caesar’s, The Cleaners, Wing Daddy’s and Andorino’s. Area retail includes Church’s Chicken, Howdy’s, Subway and Lube ‘N Go. Area demographics include a population of 85,173 within five miles earning $47,600 as the average household income. The average daily traffic count is 19,025 vehicles. The asking rent ranges from $17 psf to $18 psf. For details, contact Scott Walker, Michael Pace, JP Rindt or Avi Kotkowski, MIMCO, Inc.; 915-342-1203/1204/1205/ 1208; Emails: swalker@mimcoelp.com; mpace@mimcoelp.com; jrindt@mimcoelp.com and akotkowski@mimcoelp.com; Web site: www.mimcoinc.com. Ft. Worth – Shoppes at Camp Bowie, located at the intersection of Camp Bowie Boulevard/State Highway 377 and Hillsdale Road, has six 1,470 sq.ft. spaces available. Cotenants include Chipotle, Jimmy John’s, AT&T Mobility and Bank of America. Area demographics include a population of 229,363 within five miles earning $61,706 as the average household income. For details, contact Diana Rinck, Armstrong Development Properties, Inc., 222 West Las Colinas Boulevard, Suite 1610, Irving, TX 75039; 972-869-8055, Fax 972-8688063; Email: drinck@agoc.com; Web site: www.armstrongdev.com. Houston – Merchants Park, a 244,673 sq.ft. center located along North Shepherd Drive, has spaces available from 975 sq.ft. to 12,145 sq.ft. Big Lots, Kroger and Ross Dress for Less anchor the center. Cotenants include RadioShack, Tuesday Morning, Family Thrift Center, Supercuts, O’Reilly’s Auto Parts, Subway, Sally Beauty Supply, GNC and Papa John’s. Area demographics include a population of 402,696 within five miles earning $86,624 as the average household income. Webster – Baybrook Gateway, located at the intersection of Interstate 45/ Gulf Freeway/Highway 75 and West Bay Area Boulevard, has spaces available from page 28
February 24, 2012
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1,600 sq.ft. to 28,278 sq.ft. Ashley Furniture, Michaels and Barnes & Noble anchor the center. Cotenants include James Avery, Oreck, Jenny Craig, Massage Envy, Cost Plus World Market, Art & Framing, Casual Male and Starbucks. Area demographics include a population of 175,525 within five miles earning $88,417 as the average household income. For details regarding the Houston property, contact Dianne Colella, Brixmor Property Group, 3901 Bellaire Boulevard, Houston, TX 77025; 713-660-4312; Email: dianne.colella@brixmor.com; Web site: www.brixmor.com. For details regarding the Webster property, contact John Ginder; 713-660-4363; Email: john.ginder@brixmor.com.
the average household income. The average daily traffic count is 46,000 vehicles. For details regarding the Arlington property, contact Kristin Perry or Bill Dickinson, Rappaport Retail Brokerage, 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 571-382-1228 or 703-310-6983, Fax 571-382-1210; Emails: kperry@rappaportco.com and bdickinson@rappaportco.com; Web site: www.rappaportco.com. For details regarding the Falls Church property, contact Bill Dickinson, Mike Howard or Melissa Webb; 571-382-1219/1227; Emails: mhoward@rappaportco.com and mwebb@rappaportco.com.
Saginaw – Basswood Village, a 30,000 sq.ft. mixed-use center located at the intersection of Basswood Boulevard and North Blue Mound Road, has spaces available from 1,200 sq.ft. to 10,000 sq.ft. Cotenants include Planet Beach, State Farm Insurance, Great Clips, Subway, Elite Hair & Nail Salon and Verizon Wireless. Area retail includes Sonic Drive-In, Pinnacle Bank, Pizza Hut and Quick Way. Area demographics include a population of 92,615 within five miles earning $58,848 as the average household income. The average daily traffic count is 57,216 vehicles. For details, contact Trent Gilley, Woodcrest Capital, 3113 University Drive, Ft. Worth, TX 76109; 817-927-0050; Email: tgilley@woodcrestcapital.com; Web site: www.woodcrestcapital.com.
Virginia Arlington – Ballston Square, located along North Randolph Street, has a 1,700 sq.ft. space available. Area retail includes IHOP, Cosi, Potbelly Sandwich Works, P.F. Chang’s, Chipotle, Panera Bread and Noodles & Company. Area demographics include a population of 249,790 within three miles earning $125,854 as the average household income. The average daily traffic count is 5,800 vehicles. Falls Church – Crossroads Place, located at the intersection of Leesburg Pike/State Route 7 and South Jefferson Street, has a 21,404 sq.ft. space available. Giant anchors the center and cotenants includes HomeGoods, Cost Plus World Market, Burlington Coat Factory, Advance Auto Parts, T.J. Maxx, CiCi’s Pizza, Foot Locker and Home Depot. Area retail includes Crossroads Center, featuring Old Navy, Marshalls, Staples and hhgregg. Area demographics include a population of 543,317 within five miles earning $87,145 as Dealmakers
www.dealmakers.net
Hampton – Coliseum Square, located off Interstate 64 and West Mercury Boulevard/ Route 258, has spaces available from 2,400 sq.ft. to 3,200 sq.ft. Area retail includes Peninsula Riverdale Plaza, Coliseum Crossing and Todd Center. Also, Mercury Plaza, located at the intersection of West Mercury Boulevard/Route 258 and Power Plant Parkway/Route 415, has space available along with anchor spaces and outlots. Area retail includes Bass Pro Shops. Also, Peninsula Town Center, a 1.1-million sq.ft. mixed-use center located at the intersection of Interstate 64 and Interstate 664, has spaces available from 717 sq.ft. to 14,282 sq.ft. Cotenants include Macy’s, JCPenney, Target, Barnes & Noble and Cinebistro. Area demographics include a population of 686,000 within 15 miles earning more than $61,500 as the average household income. The average daily traffic count is 170,000 vehicles. For details, contact Mall Properties, Inc., 600 Madison Avenue, 14th Floor, New York, NY 10022; 212-935-1330, Fax 212-8325369; Email: leasing@mpi-re.com; Web site: www.mpi-re.com. Norfolk – Dollar Tree Deals Center, situated on 4.18 acres at the intersection of East Little Creek Road and Mona Avenue, has a divisible 17,000 sq.ft. space available. Dollar Tree Deals and Taylor Do-It Center anchor the center. Cotenants include Marion’s Pet World, Anytime Fitness, Hair Plus and Ted’s Barber Shop. Area demographics include a population of 220,526 within five miles earning $55,410 as the average household income. The average daily traffic count is 29,000 vehicles. The asking rent is $12 psf with CAM, taxes and insurance of $2.57 psf. Richmond – Northern Tool & Equipment Center, a 38,400 sq.ft. center situated on (continued on page thirty)
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2011 Bronze Sponsors
2011 Reception Sponsors Demetree Builders, Boos Development, Watkins Develpment, Landqwest Commercial, Kimley-Horn and Associates, Kimco Realty, Shutts & Bowen, Southern Management and Development, Weingarten Realty, Kitson & Partners, The Morris Companies, Liberty Universal Management, Sikon Construction, Commercial Construction Specialists, Insite Real Estate, Sevell Realty Partners, Lassiter-Ware Insurance, Fraga Properties, Ramco-Gershenson, Real Property Specialists, Ireland Company
www.RetailerOneOnOne.com
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Space Place Virginia
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3.14 acres at the intersection of Midlothian Turnpike and Gateway Parkway, has a 13,400 sq.ft. space available. Northern Tool & Equipment anchors the center. Area retail includes Big Lots, Goodwill Industries, Family Dollar and The Original Mattress Factory. Area demographics include a population of 167,906 within five miles earning $74,508 as the average household income. The average daily traffic count is 54,000 vehicles. The asking rent is $15 psf NNN with CAM, taxes and insurance of $3.50 psf NNN. For details, contact Michael P. Zarpas, Global Real Estate Investment, Inc., 208 East Plume Street, Suite 333, Norfolk, VA 23510; 757-622-6009, Fax 757-622-5460; Email: m.zarpas@globalrei.com; Web site: www.globalrei.com. Williamsburg – New Town Shops on Main, a 253,000 sq.ft. center located along Monticello Avenue, has spaces available from 500 sq.ft. to 10,000 sq.ft. Cotenants include Barnes & Noble, Jo-Ann Fabrics, American Family Fitness, Buffalo Wild Wings, Bonefish Grill, Regal Cinemas, Panera Bread and Charming Charlie.
Virginia
Washington, DC
For details, contact Kelly Voss, Developers Realty Corp., 1224 Mill Street, Building D, Suite 103, East Berlin, CT 06023; 860561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.
Washington University. The average daily traffic count is 23,200 vehicles. For details regarding the Newton Street property, contact Jim Farrell or Pat O’Meara, Rappaport Retail Brokerage, 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 571-382-1229/1218, Fax 571382-1210; Emails: jfarrell@rappaportco.com and pomeara@rappaportco.com; Web site: www.rappaportco.com. For details regarding the Pennsylvania Avenue property, contact Mike Howard, Melissa Web or Bill Dickinson; 571-382-1219/1227 or 703-3106983; Emails: mhoward@rappaportco.com; mwebb@rappaportco.com and bdickinson@rappaportco.com.
Washington, DC Washington, DC – The Allegro, a mixed-use center located at the intersection of Newton Street and 14th Street Northwest, has an 1,804 sq.ft. space available. Area retail includes Target, Best Buy, Bed Bath & Beyond, Washington Sports Club and Marshalls. Area demographics include a population of 77,198 within one mile earning $72,065 as the average household income. The average daily traffic count is 16,200 vehicles. Also, a building located along Pennsylvania Avenue Northwest has an 864 sq.ft. space available. Area retail includes Bank of America, United Bank, Starbucks, Quiznos, McDonald’s, Potbelly Sandwich Works and Cosi. Area demographics include a daytime population of 260,506 within one mile. Area draws include George
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West Virginia Princeton – East River Plaza has a 3,341 sq.ft. space available. For details, contact Nicholas SchumanWerb, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: nschuman@rivercrestrealty.com; Web site: www.rivercrestrealty.com. DM
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February 24, 2012
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Eastover Shopping Center
Oxon Hill Plaza
Oxon Hill, MD
Oxon Hill, MD
2,000 SF - 4,320 SF Available
1,050 SF - 3,840 SF Available
Join Giant, CVS, Dollar Tree, Rainbow, & Radio Shack.
Join Shoppers Food Warehouse, Marshalls & Family Dollar.
2011 Population: (3 mi) 129,194 | Avg. Income: (3 mi) $90,070
2011 Population: (3 mi) 107,211 | Avg. Income: (3 mi) $81,505
Mount Clare Junction
Loch Raven Plaza
Baltimore, MD
Towson, MD
600 SF - 15,655 ; 58,336 SF Available
3,900 SF - 4,400 SF Available
Join Family Dollar, Rent-A-Center & H&R Block.
Join Dollar Tree, Subway, Bridgestone & IHOP.
2011 Population: (3 mi) 255,602 | Avg. Income: (3 mi) $50,429
2011 Population: (3 mi) 162,601 | Avg. Income: (3 mi) $76,995
119 Shopping Centers : 33 States : 16.7 Million SF Mid-Atlantic Office : 1202 Goucher Blvd : Towson, MD 21286 : 410.821.0303 : dlcmgmt.com