Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. IX
March 5, 2010
Apparel Chains Expand Nationwide Bealls, Inc. trades as Bealls Outlets and Burke’s Outlet Stores at 450 locations throughout AL, AR, AZ, CA, FL, GA, LA, MS, NC, NM, NV, SC, TN and TX. The stores, offering off-price apparel and household goods, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. throughout FL and 18,000 sq.ft. to 25,000 sq.ft. outside of FL in strip centers. Growth opportunities are sought throughout AL, AR, AZ, FL, GA, LA, MS, NC, SC, TN and TX during the coming 18 months. Typical leases run five years with three, five-year options. A vanilla shell is required. Preferred cotenants include Walmart. Preferred demographics include a population of 20,000 within three miles. Major competitors include Marshalls, Ross Dress for Less and T.J. Maxx. The company prefers to locate in areas without an existing fashion retail presence. For more information, contact Lauri Mendoza or Paul Richardson, Bealls, Inc., 700 13th Avenue East, Bradenton, FL 34208; 941-7444194 or 941-742-1590, Fax 941-744-4931; Email: lmendoza@beallsinc.com; Web site: www.beallsinc.com. BMR Holdings, LLC trades as Patchington at 25 locations throughout FL. The stores, offering women’s apparel, occupy spaces of 1,500 sq.ft. in specialty centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. For more information, contact Maureen Jack, BMR Holdings, LLC, 13920 58th Street North, Suite 1006, Clearwater, FL 33760; 727-5362195 Ext. 226, Fax 727-535-0296.
Peace Frogs operates 41 locations throughout DE, FL, MA, MD, MI, MO, MS, NJ, SC, TX, VA and Washington, DC. The stores, offering apparel and accessories, occupy spaces of 100 sq.ft. to 800 sq.ft. in tourist centers. Growth opportunities are sought throughout CA and the Caribbean during the coming 18 months. Typical leases run two to five years. Preferred demographics include a trade-area population of 500,000. The company is franchising. For more information, contact Catesby Jones, Peace Frogs, PO Box 137, Whitemarsh, VA 23183; 804-695-1314 Ext. 222, Fax 804-6951714; Email: catesby@mindspring.com; Web site: www.peacefrogs.com. American Eagle Outfitters, Inc. trades as American Eagle Outfitters at 950 locations nationwide and throughout Canada. The stores, offering men’s and women’s casual apparel and footwear, occupy spaces of 6,500 sq.ft. in malls and downtown areas. Growth opportunities are sought nationwide during the coming 18 months. The company also trades as aerie at 120 locations nationwide and throughout Canada. The stores, offering girls’ dormwear and intimates, occupy spaces of 4,500 sq.ft. in malls. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Michael Cortazzo, American Eagle Outfitters, Inc., 150 Thorn Hill Drive, Warrendale, PA 15095; 724-779-5505, Fax 724779-5580; Web sites: www.ae.com and www.aerie.com. (continued on page six)
This issue contains information on:
* Retailers operating 38,851 locations with plans to open 3,381 sites * Real estate valued in excess of $706.08 million to be bought, sold & financed * Leasing activity on over 5.402 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Fusion Conference New England Retail Connection New Construction KGI Properties is developing a center located in Wayland, MA........................................ Pg. 3 Openings Big Y looks to open two stores and renovate five this year..... Pg. 4 Buyers & Sellers McLaughlin looks to acquire centers throughout eastern MA, ME and southern NH..... Pg. 5 Hanley Investment Group negotiated the sale of several properties throughout CA...... Pg. 9 Exclusives LANE4 Property Group appointed as the exclusive leasing rep for Merriam Village in Merriam, KS........... Pg. 7 Food Retailers Expand Little Caesars looks for sites nationwide............................ Pg. 8 In The News Jones Lang LaSalle hired Timothy Olson as senior vice president of business development in its Atlanta, GA office.................... Pg. 9 Sources of Financing Link Funding arranges USDA and SBA loans for freestanding locations and strip centers nationwide............................ Pg. 10 Lease Signings Thor Equities negotiated two leases for a total of 70,000 sq.ft. in Cheltenham, PA........ Pg. 10 Lead Sheet Family Dollar looks for sites inside Route 495 in MA......... Pg. 11 Relax the Back looks for sites nationwide............................ Pg. 14 Space Place........................... Pg. 16
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