Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. X
Home-Related Chains Expand Nationwide Ashley Furniture Industries, Inc. trades as Ashley Furniture HomeStore at 400 locations nationwide. The home furnishings stores, offering living, bedroom, dining room and home office furniture, as well as home accessories and mattresses, occupy spaces of 35,000 sq.ft. in freestanding locations and inline spaces and endcaps of power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include national and regional retailers. For more information, contact Gary Colby, Ashley Furniture Industries, Inc., 1 Ashley Way, Arcadia, WI 54612; 608-323-3377; Email: gcolby@ashleyfurniture.com; Web site: www.ashleyfurniture.com. Gibson-McDonald Furniture Stores, Inc. trades as Gibson-McDonald Furniture at 13 locations throughout northern FL and southern GA. The home furnishings stores, offering recliners and living room and bedroom furniture, occupy spaces of 12,000 sq.ft. to 14,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company is siteselective and will only consider locations within its existing areas of operation. For more information, contact Clay Gibson, Gibson-McDonald Furniture Stores, Inc., PO Box 1848, Waycross, GA 31502-1848; 912490-1001 Ext. 208, Fax 912-490-1003; Web site: www.gibsonmcdonald.com.
Kitz & Pfeil Hardware Co. trades as Kitz & Pfeil True Value at five locations throughout WI. The home improvement stores, offering power and hand tools, electrical and plumbing supplies, outdoor equipment, lawn and garden supplies, paint and holiday décor items, occupy spaces of 15,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to acquire sites. For more information, contact Jim Stapel, Kitz & Pfeil Hardware Co., 427 North Main Street, Oshkosh, WI 54901; 920-236-3340, Fax 920236-3348; Web site: www.kitzandpfeil.com. Tuesday Morning, Inc. trades as Tuesday Morning at 861 locations nationwide. The home furnishings stores, offering upscale decorative household items at discount prices, including rugs, lamps, bedroom and bathroom accessories, holiday and garden decorative items, dinnerware, fine art and frames, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations, malls and entertainment, lifestyle, power, strip, tourist and value centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. A vanilla shell is required. Preferred demographics include a population of 100,000 within five miles. The company prefers to locate in areas with a population earning an upper-level household income. (continued on page ten)
This issue contains information on:
* Retailers operating 81,041 locations with plans to open 4,481 sites * Real estate valued in excess of $399.8 million to be bought, sold & financed * Leasing activity on over 8.1 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
March 9, 2012
Featuring ICSC Midwest Idea Exchange New Construction RealtyLink, LLC is preleasing a project on 11.84 acres in Cumming, GA....................... Pg. 3 Observations & Conversations Pg. 4 Profile Cullinan Properties, Ltd......... Pg. 6 Buyers and Sellers Cole Real Estate acquired several sites in OH................. Pg. 9 Food Retailers Expand Hardee’s seeking sites in the midwestern, southeastern and mid-Atlantic regions of the U.S. Pg. 11 Openings TJX Cos., Inc. opening a Marshalls in Deerfield Township, OH, seeking sites in the Cincinnati area............ Pg. 14 Exclusives Saugatuck Commercial Real Estate, LLC represents retailers throughout markets in CT and NY........................................ Pg. 17 Lease Signings Goodman Real Estate brokered a deal with Levin Furniture in Avon, OH.............................. Pg. 18 Lead Sheet Macy’s seeking sites in major markets nationwide............... Pg. 19 Vitamin World seeking sites nationwide............................ Pg. 22 In the News Calkain Cos. hired Michael Zimmerman as vice president Pg. 24 Sources of Financing Cohen Financial arranged $52 million for the refinancing of a Chicago, IL center............... Pg. 24 Space Place........................... Pg. 25
For more news go to: www.dealmakers.net Mobile Access Code: icscmidwest12