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
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New Construction RealtyLink, LLC is preleasing Windermere Pointe, a project situated on 11.84 acres at the intersection of Highway 20 and Trammel Road in Cumming, GA. Shop spaces are available along with outlots for ground lease, build-to-suit or sale. Area retail includes Walgreens, McDonald’s, Backyard Burgers, Wachovia Bank and Publix. Area demographics include a population of 155,995 within seven miles earning $121,363 as the average household income. For more information, contact Phil Wilson, RealtyLink, LLC; 864-263-5415; Email: pwilson@realtylinkdev.com; Web site: www.realtylinkdev.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.
Weingarten Realty Investors is preleasing Hilltop Village Center, a 370,000 sq.ft. mixed-use project located at the intersection of Telegraph Road and Beulah Street in Alexandria, VA. The project will include a 270,000 sq.ft. retail component and a 100,000 sq.ft. office component. Space is available along with outlots. Wegmans will anchor the center with a 140,000 sq.ft. supermarket. The center is slated to open spring 2014. For more information, contact Weingarten Realty Investors, 2600 Citadel Plaza Drive, Suite 125, Houston, TX 77008; 713866-6000, Fax 713-866-6049; Web site: www.weingarten.com. The Feil Organization is preleasing Carrollton Plaza Shopping Center, a 219,528 sq.ft. project situated on 20 acres at the intersection of Interstate 10 and South Carrollton Avenue in New Orleans, LA. Anchor and shop spaces are available. Cotenants include CVS, Family Dollar and Subway. Area demographics include a population of 723,048 within 10 miles earning $61,119 as the average household income. The average daily traffic count is 58,762 vehicles. For more information, contact Glen Wilson, The Feil Organization, Seven Penn Plaza, New York, NY 10001; 504-835-8000, Fax 212-563-6657; Email: gwilson@feilorg.com; Web site: www.feilorg.com. Glimcher Development Corp. is developing Pier Park North, a 400,000 sq.ft. project situated on 60 acres along Back Beach Road in Panama City Beach, FL. The center is slated to open by spring of next year. For more information, contact Glimcher Development Corp., 180 East Broad Street, Columbus, OH 43215; 614-621-9000, Fax 614-621-9321; Web site: www.glimcher.com. The Wilder Cos. is redeveloping Garden City Center, a 500,000 sq.ft. mixed-use center located along Route 2 in Cranston, RI. The redevelopment will include the addition of a 20,000 sq.ft. freestanding building and the conversion of larger existing stores formerly tenanted by Linens ‘N Things, Circuit City and Borders into smaller shop and restaurant spaces, with construction slated for completion by early 2013. Cotenants include Anthropologie, Banana Republic, Ann Taylor Loft, Mel and Me, White House|Black Market, Providence Diamond Co., Chico’s, Coldwater Creek, Pinkberry, Williams-Sonoma and Whole Foods Market. www.dealmakers.net
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For more information, contact The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-247-9200; Web site: www.wilderco.com. Rappaport Retail Brokerage is preleasing Metropolitan Park, a mixed-use project being developed in phases between 15th Street and 12th Street in Pentagon City, VA. The project will include a 100,000 sq.ft. retail component and a 3,000-unit residential component. Area retail includes Michaels, Best Buy, Costco and Pentagon City Mall, featuring Macy’s, Nordstrom, Bed Bath & Beyond, Harris Teeter and DSW. Area demographics include a population of 731,123 within five miles earning $106,782 as the average household income. The average daily traffic count is 16,000 vehicles. The company is also preleasing St. Mary’s Marketplace, a 75,000 sq.ft. project located at the intersection of Three Notch Road/Route 235 and St. Andrews Church/Patuxent Beach Road/Route 4 in California, MD. Food Lion will anchor the project. Area retail includes BJ’s Wholesale Club, Staples, Michaels and Wawa. Area demographics include a population of 95,961 sq.ft. within 10 miles earning $93,699 as the average household income. The average daily traffic count is 73,800 vehicles. The company is also preleasing Capitol Gateway Marketplace, a project being developed in phases at the intersection of East Capitol Street and Southern Avenue Northeast in Washington, DC. Shop spaces from 2,500 sq.ft. to 10,000 sq.ft. are available along with pad sites. Walmart will anchor the center. Area demographics include a population within three miles earning $62,608 as the average household income. The average daily traffic count is 53,100 vehicles. The first phase of the project is slated for completion during early 2014. For more information regarding the Pentagon City property, contact Bill Dickinson, Melissa Webb or Mike Howard, Rappaport Retail Brokerage, 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 703-310-6983 or 571-3821227/1219, Fax 571-382-1210; Emails: bdickinson@rappaportco.com, mwebb@rappaportco.com and mhoward@rappaportco.com; Web site: www.rappaportco.com. For more information regarding the California property, contact Susan Bourgeois or Patrick O’Meara; 571-3821288/1218; Emails: sbourgeois@rappaportco.com and pomeara@rappaportco.com. For more information regarding the Washington, DC property, contact Jim Farrell; 571-382-1229; Email: jfarrell@rappaportco.com.
Dealmakers
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page 3
Observations & Conversations The consensus from most developers, retailers and brokers is that business is good and it’s expected to get even better! Welcome to our special edition for the ICSC’s Midwest Idea Exchange. In my youth, I leased a few spaces in the Midwest. Back in the day, TKO worked for Homart Development – to give the younger folks a history lesson, Homart was a subsidiary of Sears that was eventually bought by General Growth. Our assignment was to find tenants for Homart’s most difficult properties. Burned into my memory are too many flights into the South Bend airport and days of driving everywhere from Paw Paw, Michigan to Jacksonville, Illinois. I canvassed between every Duckwall-Alco store throughout the Midwest (prehistoric times, before directories of retail chains, the Internet, Google Earth and email – the old days when you had no other alternative than to get in a car and drive the market for leads). I was canvassing when Sears and L.S. Ayers department stores were still operating at the Washington Square Mall in Evansville, Indiana and Sears was the anchor of the Perkin Mall in Perkin, Illinois; a long, long time ago. Historically, the Midwest has been a healthy market, but it was challenging to get chains to open locations in the low-density trade-areas. Last year, I spent several weeks in Kansas, and things haven’t changed much in the smaller markets over the past few decades, but in the larger markets the retail landscape has exploded. I spent some time looking at shopping centers in Topeka, Kansas, and I was amazed at how much new development has taken place in the last decade. After catching up with some friends who are brokers and developers with projects in the Midwest, it appears that things haven’t changed much. The areas with dense populations are still hotbeds, and national chains are willing to jump through hoops to penetrate the market, while leasing in the rural areas and lowpopulation clusters is still a tough assignment. Chicago is on fire with chains clamoring to find locations and bending their prototypes to fit whatever space they can find. I’m finding across the board and with a large consensus that leasing activity has picked up tremendously throughout the Midwest just in the last two quarters. In this issue, we’ve got lots of leads for the Midwest market. Marshalls, Kroger, Giant Eagle, Save-A-Lot, Ashley Furniture, Tuesday Morning, Golfsmith, True Value Hardware and Tractor Supply Co. are just a few of the chains that are continuing their growth throughout the region. Mann Theaters plans to saturate the Minnesota market. The Running Room is focused on growth in the Midwest. American Drycleaners is growing in Illinois and Indiana. Stop-N-Go convenience stores is looking for more sites in northern Illinois and southern Wisconsin. Food concepts are also hot for the Midwest. Wingstop plans to blanket the Chicago market with new locations. Ruth’s Chris Steak House is opening a restaurant in Cincinnati, Ohio. Granite City Food & Brewery, Hardee’s and Dibell’s Old Fashion Submarines are eyeing more locations in the Midwest. I’m also hearing through the page 4
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grapevine that leasing activity on second-generation spaces is picking up throughout the area. In our Lease Signings section, you will also see that there are quite a few deals being inked with small shop users as well. Lots of good news from the midwestern front! In this issue, we have a feature on Cullinan Properties that will give you some insight on how the retail landscape is faring throughout the Midwest. Cullinan is developing a number of mixed-use projects, the with the initial phase of one of its largest, The Streets of St. Charles in St. Charles, Missouri, 90% preleased. The company is also developing a 500,000 square foot mixed-use project in East Peoria, Illinois, which is slated to open next year. Sales and acquisitions of retail sites in the Midwest are also active. Most of the deals I’m hearing about are freestanding NNN sites, ground leases and raw dirt. Cole Real Estate Investments recently closed on a Giant Eagle in Columbus, Ohio for $19.3 million and on a Walgreens in Xenia, Ohio. The Boulder Group recently brokered the sale of a Walgreens in Cedar Rapids, Iowa. I’m hearing that obtaining financing for projects in the Midwest is getting easier, too. One of the larger recent transactions was Cohen Financial arranging a $52 million loan for a shopping center in Chicago, Illinois. All in all, the indicators show a good outlook for the retail industry in the Midwest. So far in 2012, just about every major market in the country is seeing signs of recovery from the recession. The ICSC’s MidAtlantic Dealmaking last month in Maryland was a successful show. Attendance was higher than in years past, the mood was good and there were some deals that got done. I’m also hearing that the ICSC Dealmaking in Charlotte this month is expected to have a high attendance count. In April, we’ll be at the Retailer One-On-One conference in Orlando. Last year, the folks behind Retailer Oneon-One brought in a franchise component to their event. Due to its success, they are having a repeat performance this year. Billed as the Orlando Franchise Show, the event brought in dozens and dozens of franchisors last year, and my hunch is that this year there will be even more franchisors exhibiting and in search of franchisees and locations. We are also in full ramp-up mode for the ICSC Convention in Las Vegas. I’m anticipating attendance for the Vegas show to be close to the counts we saw at the height of business in 2007. I was at the ICSC’s office a few weeks ago to discuss plans for the New York National Conference to be held during December, and as we sat around the table kibitzing, the consensus from most developers, retailers and brokers was that business is good and it’s expected to get even better! On that note, here’s to making more deals,
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Ann O’Neal, Publisher
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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.
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nancy mozzachio, vP of Leasing nmozzachio@cdrrt.com • 856-218-8677
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Profile — A monthly column featuring
Developing strong mixed-use projects in the Midwest and beyond
retailers and retail real estate companies
Adam Taliercio Cullinan Properties, Ltd. is a commercial real estate company specializing in the development, leasing and management of retail, medical, office, multi-family and mixed-use properties. Founded in 1988, the company operates offices in Chicago and Peoria, IL, and St. Louis, MO and develops, leases and manages properties nationwide. The Midwest has traditionally been one of the last areas to be impacted by the country’s economic woes, and one of the first to recover, said Cullinan vice president of leasing Lee Wolfson. “In some ways it’s better-insulated than other regions,” he explained, “partly due to the diversity of its industry, and partly due to the values that the Midwest has – including long-standing principles of hard work, economy, and being progressive enough.” Cullinan Properties has thrived in this environment due to its diverse approach to new development, he added, thanks to a combination of visionary thinking, innovative design, attention to detail and strict insistence on superb results at each of its developments. The company is positioned to respond to change with expertise in multiple disciplines, and to that end, the company also actively develops non-retail projects, particularly in the medical office and multi-family sectors – the latter of which has seen an increase in activity following the recession, Wolfson said. “We touch on every segment of the industry and we are extremely versatile, so we can adjust to what the market demands. “Expanding beyond retail has not only provided additional avenues for new development in the office, commercial, residential and medical arenas, but has also contributed to the company’s strong understanding of mixed-use properties, which continue to be prominent among our new developments,” said Cullinan partner and chief operating officer Christopher West. While traditional retail still maintains a substantial place in Cullinan’s portfolio, there has definitely been a push toward incorporating non-retail concepts. “It’s an ideal mix for us, with retail as just one of the components of mixeduse developments,” West said. “Having diversity in a project only makes it more attractive to its tenancy and customer base.” Medical uses in particular, he added, have increasingly sought out co-tenancy with retail uses in an attempt to offer patients the opportunity to visit smaller, more conveniently-located facilities. “People are looking for the convenience of having these amenities close at hand so they can make one-stop visits,” West added. Mixed-use also proves more compelling to potential retail tenants, he added, as a pre-existing clientele of office workers or residents is already active at the site. One of the company’s current major developments is The Streets of St. Charles, a one million sq.ft. mixed use project situated on approximately 26 acres along Interstate 70 in St. Charles, MO. The site boasts an average daily traffic count of nearly 200,000 vehicles, and will feature retail, office, residential, medical, entertainment and hospitality components. The first phase of the project, which is already roughly 90% leased, will feature a 100,000 sq.ft. building, including 35,000 sq.ft. of retail space. Initial signed leases include the firstin-market Tucanos Brazilian Grill, offering Churrasco-style dining; Five Guys Famous Burgers and Fries, a national restaurant chain page 6
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with more than 750 locations in over 40 states nationwide and four Canadian provinces; Massage Luxe, a popular day spa that provides quality massages, facials and other personal services, and Heartland Dental, a collection of hometown dental offices providing leading edge dental care, as well as office users including Wamhoff Financial Planning and Accounting Services, Brown Smith Wallace and Cole & Associates. Construction on this phase is nearing completion, with tenants slated to begin opening during the spring. Additional phases will include a five-story 300,000 sq.ft. building, which will feature 50,000 sq.ft. of retail and restaurant space and 220 high-end apartment units. Groundbreaking for this second phase is slated to begin during the second quarter of this year. When completed, the project will feature approximately 250,000 sq.ft. of retail and restaurant space, 250,000 sq.ft. of office space, one to two hotels, a fitness center, entertainment venues and several hundred residential units. “It’s a very special project at an incredible location – in our opinion, the best location in the greater St. Louis market,” Wolfson said. Another major project for Cullinan is its East Peoria Downtown development, a 500,000 sq.ft. mixed-use project designed as a major expansion to the downtown area of East Peoria, IL, featuring retail, residential, office, hospitality and civic components. The initial phase, which will be predominantly retail, is slated to open during the spring of 2013. “East Peoria itself is an excellent draw for a variety of different reasons,” Wolfson said. “It’s centrally located in the state, and has supported businesses well. It is an area that has drawn a lot of projects, including a recently-opened Bass Pro Shops, proving this particular development has been well-received by the community and the city government. The project is a revitalization of the area, taking a former factory site and converting it into an extension of their downtown.” As its two marquee properties continue to progress, Cullinan envisions exciting moments in the coming year, West said. “The economy appears to be recovering at a steady pace, as we are seeing renewed traction by retailers that want to be a part of our exciting developments. A few years ago, it was a challenge to get a prospect to discuss new store opportunities. However, today the door has opened again, discussions are ongoing, and the future appears much brighter for them. As a company, we’re excited about the opportunities that lie ahead as we move forward in 2012 and beyond. Our mission is to make a positive difference in the communities we enter, to provide something for an area that it had been lacking, and to remain a part of that community far beyond building a shopping center. When we form a relationship with a community, we become de facto members of that community, which can be measured by the investment we make, both financially and with our time and interest. Understanding what’s important to that community is what our business is all about.” For more information, contact Chris West, Lee Wolfson or Rob Wetherald, Cullinan Properties, Ltd., 2020 West War Memorial Drive, Suite 204, Peoria, IL 61614; 309-999-1700, Fax 309-999-1701; Web sites: www.cullinanproperties.com, www.streetsofstcharles.com and www.eastpeoriadowntown.com.
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Buyers and Sellers Upland Real Estate Group, Inc. is selling a Jiffy Lube located in Madison, WI. The tenant is bound to a lease set to expire during December 2021 featuring 10% rent escalations every five years. Area demographics include a population of 187,700 within five miles earning $60,800 as the average household income. The asking price is $720,700 with a Cap rate of 8.5%. The company is also selling a Jiffy Lube located in Janesville, WI. The tenant is bound to a lease set to expire during December 2021 featuring 10% rent escalations every five years. Area demographics include a population of 42,700 within five miles earning $83,500 as the average household income. The asking price is $828,500 with a Cap rate of 8.5%. The company is also selling a Northern Tool & Equipment located in Spartanburg, SC. The tenant is bound to a lease set to expire during November 2021 featuring rent escalations. The average daily traffic count is 52,600 vehicles. The asking price is $4.452 million with a Cap rate of 7.5%. The company is also selling a 79,963 sq.ft. BJ’s Wholesale Club located along Wellington Road in Gainesville, VA. The tenant is bound to a 20-year NNN lease commenced during January. Area retail includes Lowe’s Home Improvement, Target and Best Buy. The NOI is $1.037 million. The asking price is $17.623 million with a Cap rate of 6%. For more information regarding the WI properties, contact Keith A. Sturm, Upland Real Estate Group, Inc., 50 South 6th Street, Suite 1418, Minneapolis, MN 55402; 612-376-4488, Fax 612-376-4489; Email: keith@upland.com. For more information regarding the SC and VA properties, contact Deborah K. Vannelli; 612-376-4475. First Western Properties, Inc. is selling a 16acre parcel at Naperville Crossing, located at the intersection of Route 59 and 95th Street in Naperville, IL. AMC Theatres anchors the center and tenants include Potbelly Sandwich Works, Biaggi’s, Fifth Third Bank, Primrose, Panera Bread and Massage Envy. For more information, contact Leo Solarte, First Properties, Inc., 1205 West Adams Street, Chicago, IL 60607; 773-5452000 Ext. 98, Fax 773-545-4067; Email: leo@1stwesternproperties.com; Web site: www.1stwesternproperties.com. The Lord Cos., LLC is selling an 11,700 sq.ft. building located along South Michigan Avenue in Chicago, IL. The asking price is $1.499 million. For more information, contact Heide Schulz, The Lord Cos., LLC, 1033 West Van Buren, 7th Floor, Chicago, IL 60607; 312944-6270 Ext. 14, Fax 312-944-3759. page 8
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ARC Properties, Inc. is selling a 152,000 sq.ft. center situated on 13 acres along Route 17 South in Paramus, NJ. Babies “R” Us and Ashley Furniture anchor the center. Tenants include Lazurit Furniture and Hackensack Supply. Area retail includes HomeGoods, Modell’s, Best Buy, T.J. Maxx, Staples, The Sports Authority, Home Depot, Crate & Barrel, GameStop, Gap and Paramus Park Mall, featuring Sears. The average daily traffic count is 150,000 vehicles. The NOI is $2.305 million. The asking price is $33 million with a Cap rate of 7%. The company is also selling pad sites located at the intersection of Mathistown Road and Center Street in Little Egg Harbor, NJ. Area retail includes Walgreens, Rite Aid, Great Valu and Wawa. Area demographics include a population of 25,846 within three miles earning $59,517 as the average household income. For more information regarding the Paramus property, contact Steve Maloy or Rob Martone, ARC Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 917-8859741 or 973-572-9697, Fax 973-249-1001; Emails: stevem@acrproperties.com and rmartone@arcproperties.com; Web site: www.arcproperties.com. For more information regarding the Little Egg Harbor property, contact Michael R. Ambrosi; 973-249-1000 Ext. 116; Email: mambrosi@arcproperties.com. Or Jill Gordon, NAI Hanson; 201-478-7504; Email: jgordon@naihanson.com. Mid-America Real Estate Corp. negotiated the sale of the NN lease to an 1,800 sq.ft. freestanding PNC Bank located along East Capitol Drive in Milwaukee, WI. At the time of sale, the lease had 10 years remaining on the initial term and featured four, five-year options and 10% rent escalations every five years. The property was acquired for $1.45 million. The company represented the seller in the transaction. For more information, contact Tom Fritz, Mark Goldberg, Bill Wright or Dan Cohen, Mid-America Real Estate Corp., One Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181-4713; 630-954-7300; Web site: www.midamericagrp.com. Endura Advisory Group, on behalf of a client, is seeking retail properties located throughout TX. Suitable properties are priced below $1 million. For more information, contact Eric Lundblad or Josh Reneau, Endura Advisory Group, 9311 San Pedro Avenue, Suite 850, San Antonio, TX 78216; 210-366-2222, Fax 210-366-2231; Email: elundblad@endurasa.com; Web site: www.endurasa.com.
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Colliers International is selling a 19,000 sq.ft. building situated on 0.91 acres along Rosalind Avenue in Orlando, FL. The asking price is $6.2 million. The company is also selling a 21.11-acre parcel located at the intersection of International Drive and World Center Parkway in Orlando, FL. The asking price is $5 million. The company is also selling a 450-acre parcel located along U.S. Highway 192/West Irlo Bronson Memorial Highway in Osceola County, FL. The average daily traffic count is 44,500 vehicles. The asking price is $39 million. For more information, contact Susan Morris, Colliers International, 622 East Washington Street, Suite 300, Orlando, FL; 407-362-6154, Fax 407-843-4485; Email: susan.morris@colliers.com; Web site: www.colliers.com. For additional information regarding the International Drive and Osceola County properties, contact Kane Morris-Webster; 407-362-6165; Email: kmw@colliers.com. Transwestern negotiated the sale of a 12story, mixed-use 175,127 sq.ft. freestanding building located at the intersection of 14th Street and Eye Street Northwest in the East End area of Washington, DC. Zuckerman-Gravely Development, Inc. acquired the property from 1400 I Street NY, LLC. The company represented the seller in the transaction. For more information, contact Transwestern, 3340 Peachtree Road. Suite 1000, Atlanta, GA 30326; 713270-3336, Fax 713-270-6285; Web site: www.transwestern.net. Quantum Real Estate Advisors is selling a Walgreens located in southwestern MI. The tenant is bound to a 25-year NNN lease with 21 years remaining on the initial term. Area retail includes Kohl’s, Target, Walmart, Meijer and Lowe’s Home Improvement. The NOI is $337,200. The asking price is $5.07 million. For more information, contact Jordan J. Kaufman, Quantum Real Estate Advisors, 79 West Monroe Street, Suite 801, Chicago, IL 60603; 312-269-9229; Email: jkaufman@qreadvisors.com; Web site: www.qreadvisors.com. Manifest Partners, on behalf of a client, looks to acquire strip and shopping centers throughout NJ, with a focus on Paramus, Paterson, Passaiac, Newark, Irvington, Union, Elizabeth and Orange. For more information, contact Steven Angelo Bruno, Manifest Partners; 646403-9841, Fax 646-530-8430; Email: steven@brunore.com.
Buyers and Sellers Cole Real Estate Investments acquired the following retail properties: A Whole Foods Market and Sierra Trading Post totaling 82,758 sq.ft. located along South Virginia Street in Reno, NV for $18.3 million; a 59,792 sq.ft. CarMax located along West Warm Springs Road in Henderson, NV for $18.4 million; a 45,000 sq.ft. LA Fitness located along Highway 67 in Duncanville, TX for $7.2 million; a 30,000 sq.ft. Best Buy located along Market Plaza in Southaven, MS for $5 million; a 12,767 sq.ft. Golden Corral located along East Valley View Parkway in Independence, MO for $3.4 million; a 14,550 sq.ft. Walgreens located along West Main Street in Xenia, OH for $5.6 million, and a 116,238 sq.ft. Giant Eagle located along Columbus Pike in Columbus, OH for $19.5 million. For more information, contact William Broms or Mark Manheimer, Cole Real Estate Investments, 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016; 720-336-1780 or 602-952-4453; Emails: wbroms@colecapital.com and mmanheimer@colecapital.com. Web site: www.colecapital.com. The Boulder Group negotiated the sale of a 13,905 sq.ft. Walgreens located at the intersection of Edgewood Road and 16th Avenue Southwest in Cedar Rapids, IA. The property was acquired for $4.178 million. The company represented the seller in the transaction. The company also negotiated the sale of a 14,750 sq.ft. Walgreens located along Hacks Cross Road in Olive Branch, MS. At the time of sale, the tenant was bound to a 25-year lease. The property was acquired for $5.175 million. For more information, contact Randy Blankstein, The Boulder Group, 666 Dundee Road, Suite 1801, Northbrook, IL 60062; 847-562-0003; Email: randy@bouldergroup.com. S.L. Nusbaum Realty Co. negotiated the sale of Buckner Boulevard Retail Center, a 12,814 sq.ft. center located at the intersection of Buckner Boulevard and Independence Boulevard in Virginia Beach, VA. At the time of sale, tenants included Pollard’s Chicken and Allstate Insurance. 130 London Bridge, LLC acquired the property from Buckner 3545 Associates, LLC for $2.7 million. The company represented both the buyer and the seller in the transaction. For more information, contact Susan Childress, S.L. Nusbaum Realty Co., 440 Monticello Avenue, Norfolk, VA 23510-2670; 757-282-6505; Email: schildress@slnusbaum.com; Web site: www.slnusbaum.com.
Morgan Property Group sold a center located at the intersection of Marlboro Pike and Donnell Drive in Forestville, MD. At the time of sale, tenants included SherwinWilliams and Walgreens. The property was acquired by Scottsdale-Miller Associates, LP II and HHL & HL-Indiana, LLC for $10.88 million. Marcus & Millichap Real Estate Investment Services represented the buyers in the transaction. For more information, contact Sherianne E. Lee, Morgan Property Group, 450 East Las Olas Boulevard, Suite 730, Ft. Lauderdale, FL 33301; 954-522-6010 Ext. 104, Fax 954522-6003; Email: slee@morganpg.com; Web site: www.morganpg.com. Newmark Knight Frank Cornish & Carey Commercial is selling the 20-year NNN ground lease to an Aldi located in Champaign, IL. The lease features rent escalations every five years. Area retail includes Walmart. The asking price is $2.167 million with a Cap rate of 6%. For more information, contact Michael Maffia or Putnam Daily, Newmark Knight Frank Cornish & Carey Commercial, 2207 Bridgepointe Parkway, Suite 120, San Mateo, CA 94404; 415-445-5144/5107; Emails: mmaffia@ccareynkf.com and pdaily@ccareynkf.com; Web site: www.maffiateam.com. The Rotella Group, Inc. is selling Stirling Palm Plaza, a 9,594 sq.ft. center situated on 1.3 acres along Stirling Road in Cooper City, FL. The property is 100% occupied. Tenants include Dairy Queen and Supercuts. Area demographics include a population of 297,946 within five miles earning $71,594 as the average household income. The average daily traffic count is 30,000 vehicles. For more information, contact Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.com. McCarty Visions, LLC, on behalf of a client, is looking to acquire mixed-use and neighborhood shopping centers throughout Boston, MA; New York, NY; Washington DC; Philadelphia, PA; Baltimore, MD, and Wilmington, DE, as well as in metropolitan areas throughout FL and NJ. Suitable properties feature value-add potential, GLAs above 75,000 sq.ft., are located in areas with a population of 50,000 within three miles and are priced below $15 million. For more information, contact Randy Carty, McCarty Visions, LLC; 757-773-3902; Email: mccartyvisio09@gmail.com; Web site: www.mccartyvisions.com. www.dealmakers.net
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Whitestone REIT acquired Shops at Starwood, a 55,385 sq.ft. center situated on 1.5 acres in Frisco, TX, along with an adjacent 2.73acre parcel. At the time of sale, the property was 98% occupied with tenants including TruFire Kitchen & Bar, Kotta Sushi Lounge and Bonnie Ruth’s Café Trottoir et Patisserie. The company acquired the property for $15.7 million. For more information, contact Bradford Johnson, Whitestone REIT, 2600 South Gessner, Suite 500, Houston, TX 77063; 713435-2208; Email: ir@whitestonereit.com; Web site: www.whitestonereit.com. Voit Real Estate Services negotiated the sale of Margarita Center, a 60,390 sq.ft. neighborhood shopping center located at the intersection of Margarita Road and Murrieta Hot Springs Road in Murrieta, CA. At the time of sale, Fresh & Easy Neighborhood Market anchored the center. Mon Mon, LLC acquired the property from MS Kearney CPB 3, LLC for $8.5 million. The company represented the buyer and CB Richard Ellis represented the seller in the transaction. For more information, contact Todd Holley, Voit Real Estate Services, 10 Shipyard Way, Suite M, Newport Beach, CA 92663; 949-644-8648, Fax 949-644-8695; Web site: www.voitco.com. Henry S. Miller Brokerage is selling DeSoto Corners, an 8,029 sq.ft. center situated on 1.02 acres along North Beckley Avenue in DeSoto, TX. Tenants include Starbucks, T-Mobile and First Cash Advance. For more information, contact Vaughn Miller or Daniel Harris, Henry S. Miller Brokerage, 1100 Providence Towers West, 5001 Spring Valley Road, Dallas, TX 75244; 972-419-4040/4049; Emails: vaughn@henrysmiller.com and dharris@henrysmiller.com. Cassidy Turley BRE Commercial is selling a freestanding 41,350 sq.ft. Coco’s Bakery Restaurant located along East Highland Avenue in San Bernardino, CA. The NOI is $46,709. The asking price is $895,000 with a Cap rate of 5.22%. For more information, contact Michael Campbell, Cassidy Turley BRE Commercial, 5430 La Jolla Village Drive, Suite 500, San Diego, CA 92122; 858-546-5438; Email: michael.campbell@breb.com; Web site: D www.netleaseinvestmentservices.com. M
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Home-Related Chains Expand Nationwide (continued from page one)
For more information, contact Melissa Dean, Tuesday Morning, Inc., 6250 LBJ Freeway, Dallas, TX 75240; 972387-3562, Fax 972-788-5308; Email: mdean@tuesdaymorning.com; Web site: www.tuesdaymorning.com. Haverty Furniture Cos., Inc. trades as Haverty’s Furniture at 120 locations throughout AL, AR, FL, GA, IN, KS, KY, LA, MD, MS, MO, NC, OH, SC, TN, TX and VA. The stores, offering mattresses, rugs, entertainment centers and bedroom, home office, living room and dining room
furniture, as well as home accents and accessories, occupy spaces of 30,000 sq.ft. to 45,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout FL, MD, NC, OH, OK, SC, TX and VA during the coming 18 months. A land area of three to four acres is required for freestanding locations. For more information, contact Jeffrey Etherton, Haverty Furniture Cos., Inc., 780 Johnson Ferry Road, Suite 800, Atlanta, GA 30342; 404-443-4352, Email: jetherton@havertys.com; Web site: www.havertys.com.
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March 9, 2012
AZXXXXRealEstateMagazineAd FY11.indd 1
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Royal Crown Leasing, Inc. trades as RentAmerica at 15 locations throughout NC and SC. The stores, offering rent-to-own furniture, electronics, appliances and computers, occupy spaces of 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run three to five years. Preferred cotenants include Food Lion, Cato and Shoe Show. Preferred demographics include a population of 75,000 within 25 miles earning $40,000 to $80,000 as the average household income. Major competitors include Rent-A-Center and Aaron’s. The company requires sites with a common wall dividing the showroom and stockroom. For more information, contact Larry Tinney, Royal Crown Leasing, Inc., 5408 Yadkin Road, Fayetteville, NC 28303; 910864-5778, Fax 910-864-4790. W.E. Aubuchon Co., Inc. trades as Aubuchon Hardware at 123 locations throughout MA, ME, NH, the Adirondack area of NY and VT. The stores, offering tools and paint, electrical, plumbing, lawn and garden, farm and pet supplies and automotive, heating and cooling and outdoor living products, occupy spaces of 7,500 sq.ft. to 9,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, through store relocations and acquisitions only. Typical leases run 10 years with three, five-year options. Major competitors include independent hardware retailers and big box retailers. The company also requires an additional 1,500 sq.ft. of storage space, and prefers to locate in secondary and rural markets. For more information, contact Gregory Moran, W.E. Aubuchon Co., Inc., 95 Aubuchon Drive, Westminster, MA 01473; 978-8746578; Email: gmoran@aubuchon.com. English Butler operates 25 locations throughout Canada. The stores, offering gifts and home décor, including framed prints, accent lamps, crystal, dinnerware, linens, stationery and collectibles, occupy spaces of 2,200 sq.ft. to 4,500 sq.ft. in malls and power centers. Growth opportunities are sought throughout eastern Canada during the coming 18 months, with representation by Retail Strategy Group, Inc. Preferred cotenants include department stores. The company is franchising. For more information, contact Nick Assad, Retail Strategy Group, Inc., 88 Whitehall Road, Toronto, Ontario, Canada M4W 2C7; 416-966-9802, Fax 416-619-5431; Email: nassad@retailstrategygroup.com; Web site: D M www.retailstrategygroup.com.
Food Retailers Expand Nationwide Pick Up Stix operates more than 70 locations throughout CA. The Chinese restaurants occupy spaces of 1,200 sq.ft. to 2,200 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by California Commercial Partners, Inc. Typical leases run 10 years with two, fiveyear options. The company prefers to locate in second-generation spaces, and is seeking sites in areas lacking an existing Pick Up Stix presence. Pita Jungle operates 15 locations throughout AZ and CA. The Mediterranean restaurants occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in various types of retail sites. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by California Commercial Partners, Inc. Typical leases run 10 years with two, five-year options. The company prefers to locate near office complexes, universities and hospitals. Gen operates one location in Tustin, CA. The Korean barbecue restaurant, featuring customer-accessible grills at each table, prefers to occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout CA during the coming 18 months, with representation by California Commercial Partners, Inc. The company prefers to locate in areas with a population earning middle- to upper-level incomes. For more information regarding Pick Up Stix, contact Ian Furar, California Commercial Partners, Inc., 220 Newport Center Drive, Suite 18, Newport Beach, CA 92660; 949717-7711 Ext. 11, Fax 949-717-0011; Email: ian@ccpire.com; Web site: www.ccpire.com. For more information regarding Pita Jungle and Gen, contact Chris Fredrick; 949-7177711 Ext. 12; Email: chris@ccpire.com. Panera Bread operates 1,504 locations nationwide throughout 40 states, as well as in Ontario, Canada. The restaurants, offering sandwiches, soups, salads and desserts, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps of lifestyle, outlet, power, specialty and strip centers. Growth opportunities are sought throughout Brooklyn, Long Island, Queens and Staten Island, NY during the coming 18 months, with representation by Ripco Real Estate. For more information, contact Tom Rettaliata, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516-933-2514; Email: trettaliata@ripcony.com; Web site: www.ripcony.com.
Panchero’s Franchise Corp. trades as Panchero’s Mexican Grill at 50 locations throughout AZ, CO, CT, FL, IA, IL, MD, MI, MN, MO, NC, ND, NE, NJ, PA, SD, VA and WI. The Mexican restaurants occupy spaces of 2,200 sq.ft. to 2,400 sq.ft. in freestanding locations and endcaps of lifestyle, power and strip centers. Growth opportunities are sought throughout CA, CT, FL, IA, IL, KS, MO, MN, NE, NJ and WI, as well as Phoenix, AZ, during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include Target, Best Buy and big box retailers. Preferred demographics include a daytime population of 20,000 and a residential population within two miles earning $55,000 as the average household income. Major competitors include Chipotle and Qdoba Mexican Grill. The company is franchising. For more information, contact Nanette Boyer, Panchero’s Franchise Corp., 2475 Coral Court, Suite B, Coralville, IA 52241; 319-545-6565, Fax 319-545-6570; Email: realestate@pancheros.com; Web site: www.pancheros.com. Hardee’s Food Systems, Inc. trades as Hardee’s at 2,000 locations throughout the southeastern, midwestern and mid-Atlantic regions of the U.S. The fast food restaurants occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 20,000 within two miles earning $40,000 as the average household income. A land area of one acre is required. The company is franchising and prefers site submittals to be sent via mail. For more information, contact Don Glosier, Hardee’s Food Systems, Inc., 100 North Broadway, Suite 120, St. Louis, MO 63102. Mel’s Drive-In operates seven locations throughout CA. The diners occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout southern and San Francisco, CA; Las Vegas, NV and NY during the coming 18 months. The company is franchising, and expansion is for both corporate-owned and franchised locations. For more information, contact Steven Weiss, Mel’s Drive-In, 8585 Sunset Boulevard, Hollywood, CA 90069; 310-413-9009, Fax 310-919-3065; Email: melsdrivein1@yahoo.com; Web site: www.melsdrive-in.com. www.dealmakers.net
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Searsucker Restaurant operates one location in San Diego, CA. The restaurant, also offering local craft beer, cocktails and wines, prefers to occupy spaces of 6,500 sq.ft. to 10,000 sq.ft. in street fronts. Growth opportunities are sought throughout Miami, FL; Boston, MA; Las Vegas, NV; NY; TX, and Washington, DC, as well as along the western coast of the U.S., during the coming 18 months, with representation by Townsend & Associates, Inc. The company prefers to locate in affluent areas. 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 site: www.townsendassociates.com. Granite City Food & Brewery, Ltd. trades as Granite City Food & Brewery at 26 locations throughout IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD and WI. The casual dining restaurants, featuring an onsite brewery, occupy spaces of 9,200 sq.ft. in freestanding locations and pad sites and outlots of outlet, power and strip centers. Growth opportunities are sought throughout CO, IL, IN, KY, MI, MN, MO, upstate NY, OH, OK, PA, TN and WI during the coming 18 months. The company prefers to acquire land. For more information, contact Valerie Wood, Granite City Food & Brewery, Ltd., 5402 Parkdale Drive, Suite 101, St. Louis Park, MN 55416; 928-274-8126; Email: valeriewoodllc@yahoo.com. Fuzziwig’s Candy Factory, Inc. trades as Fuzziwig’s Candy Factory and Sweets From Heaven at 66 locations nationwide and internationally. The ice cream and candy shops occupy spaces of 800 sq.ft. to 1,200 sq.ft. in regional malls, street fronts and lifestyle and specialty centers. Plans call for 10 openings nationwide during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. The company is franchising. For more information, contact Kayo Folsom, Fuzziwig’s Candy Factory, Inc., 656 Main Street, Durango, CO 81301; 970-247-2770, Fax 970-247-2735; Email: info@fuzziwigscandyfactory.com; Web site: www.fuzziwigscandyfactory.com. DM
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Who’s Opening and Where The Disney Store (866-902-2798) plans to open a 5,000 sq.ft. Disney Store at Mall at Millenia, located in Orlando, FL. The store will feature interactive components and events, and is slated to open during the summer. The company currently operates more than 350 locations worldwide, including more than 200 throughout North America.
The Kroger Co. (513-762-4000) plans to open a 76,000 sq.ft. Dillons store with gasoline facilities at the intersection of Cloud Street and Ohio Street in Salina, KS. The store will replace an existing, smaller location along South Ohio Street in the city. Construction on the location is slated for completion during the fall.
Delhaize Group (704-633-8250) will open a Food Lion in a former Bottom Dollar along West Pine Street in Mt. Airy, NC. The opening is part of a restructuring plan wherein 22 existing Bottom Dollar locations nationwide will be converted to Food Lion stores.
Giant Eagle, Inc. (412-963-6200) plans to open a 92,000 sq.ft. freestanding Giant Eagle grocery store at Solar Center, a center undergoing redevelopment at the intersection of SOM Center Road and Aurora Road in Solon, OH.
Wal-Mart Stores, Inc. (479-273-4000) plans to open more than five stores throughout the Tucson, AZ area. Planned openings include a 40,000 sq.ft. Walmart Market at Rolling Hills Shopping Center, located along South Kolb Road; a 40,000 sq.ft. Walmart Market at Berkshire Village Plaza, located at the intersection of East Broadway and South Camino Seco; a 156,000 sq.ft. Walmart Supercenter at The Bridges, a mixeduse project situated on 350 acres at the intersection of Kino Parkway and 36th Street; a 90,000 sq.ft. Walmart Supercenter situated on 10 acres along South Houghton Road, and a 100,000 sq.ft. Walmart store in a former Macy’s located along East Broadway. The Walmart Market stores are slated to open by March of next year, with the Kino Parkway Supercenter to open by the end of this year and the Houghton Road Supercenter to follow during spring of next year. 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. TJX Cos., Inc. (508-390-1000) will open a 28,600 sq.ft. Marshalls store in part of a former Bigg’s Hypermarket at Governor’s Pointe, located along Mason-Montgomery Road in Deerfield Township, OH. The store will be the company’s third in the Cincinnati, OH area and is slated to open during the fall, joining Hobby Lobby at the center. The company is scouting for additional potential sites throughout the Cincinnati area, with a focus on Colerain Township and Newport, OH. The company currently operates 2,700 locations nationwide under the T.J. Maxx, Marshalls, HomeGoods and A.J. Wright trade names. Costco Wholesale Corp. (425-313-8100) plans to open a Costco on 12 acres along Richmond Highway in Alexandria, VA. The store is slated to open during spring 2013 and will be the company’s 17th location in the area. The company also plans to open a store in Wheaton, MD, with construction slated to begin later this year. The company currently operates 600 locations throughout 40 states nationwide, as well as internationally. Five Guys Enterprises, LLC (703-339-9500) will open a Five Guys Famous Burgers and Fries along Route 114 in Peabody, MA. The restaurant is slated to open during May. The company also plans to open locations in Burlington and Chelsea, MA, and currently operates more than 900 locations nationwide throughout 46 states, as well as in Canada. (continued on page sixteen)
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New Construction (continued from page three)
Paramount Partners, LLC is redeveloping Seekonk Shopping Center, a 27,874 sq.ft. center situated on 2.2 acres along Fall River Avenue/Route 6 in Seekonk, MA. Area retail includes The UPS Store, Starbucks, Pearle Vision, Verizon Wireless, Aspen Dental, H&R Block, Walmart, Sam’s Club, Lowe’s Home Improvement and Seekonk Square, featuring Target, Kohl’s, Best Buy, Showcase Cinemas, Old Country Buffet, Payless ShoeSource and Taco Bell. Area demographics include a population of 402,093 within seven miles earning $46,936 as the median household income. The average daily traffic count is 24,000 vehicles. The company is also, on behalf of Viking Acquisition, LLC, preleasing a 42-acre expansion to Home Depot Plaza, a 300,000 sq.ft. center situated on 74 acres at the intersection of Route 3 and Long Pond Road in Plymouth, MA. Home Depot anchors the center and cotenants include The UPS Store, West Marine and NinetyNine Restaurant. Area retail includes Shoppes at 5, featuring Kohl’s, Pier 1 Imports, The Sports Authority, PetSmart, T.J. Maxx, BJ’s Wholesale Club, GameStop, Panera Bread, Off Broadway Shoes, UNO Chicago Grill, Sally Beauty Supply, Verizon Wireless and iParty. Area demographics include a population of 60,375 within seven miles earning $60,435 as the median household income. The average daily count is 33,430 vehicles. For more information regarding the Seekonk property, contact Richard Pilla or Matthew Giokas, Paramount Partners, LLC, 99 Derby Street, Suite 102, Hingham, MA 02043; 781-848-1550 Ext. 23/26; Emails: rpilla@paramountpartners.com and mgiokas@paramountpartners.com; Web site: www.paramontpartners.com. For more information regarding the Plymouth property, contact Deborah J. Meyers; 781-848-1550 Ext. 12; Email; dmeyers@paramountpartners.com. Konover South is preleasing an expansion of Livonia Marketplace, a 342,000 sq.ft. project located at the intersection of Middlebelt Road and Seven Mile Road in Livonia, MI. Walmart Supercenter, Sears and Kohl’s anchor the project. Area demographics include a population of 496,514 within seven miles earning $69,029 as the average household income. The average daily traffic count is 63,000 vehicles. For more information, contact Blair Hyatt, Konover South; 954-354-8282; Email: bhyatt@konoversouth.com; Web site: www.konoversouth.com. Or Daniel Stern or Chris Brochert, Lormax Stern; 248-7374041; Web site: www.lormaxstern.com.
RD Management, LLC is preleasing Home Depot Shopping Center, a 221,171 sq.ft. community power center project located at the intersection of Route 78 and Lehigh Street in Allentown, PA. Home Depot anchors the center. Area demographics include a population of 301,176 within seven miles earning $69,021 as the average household income. The average daily traffic count is 84,323 vehicles. The company is also redeveloping a 174,000 sq.ft. community shopping center located at the intersection of Saratoga Road/NY Route 50 and Glenridge Road in Glenville, NY. Shop spaces are
available along with pad sites. Target will anchor the center. Area retail includes U.S. Postal Service, 1st National Bank of Scotia and Bank of America. Area demographics include a population of 88,330 within five miles earning $68,123 as the average household income. The average daily traffic count is 20,800 vehicles. Target is slated to open during the fall. For more information, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com. DM
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Who’s Opening and Where (continued from page fourteen)
Whole Foods Market, Inc. (512-477-4455) plans to open a 37,000 sq.ft. Whole Foods Market grocery store at Cross Hill Market, a center currently under construction near the intersection of Garners Ferry Road and Devine Street in Columbia, SC. Nadeau Furniture, Hand & Stone Massage and Facial, American Roadside Burger, M Boutique and Jamie Scott Fitness also plan to open locations at the center. The stores are slated to open by the end of October. The company operates 316 specialty supermarkets throughout 38 states nationwide and in Washington, DC, as well as throughout Canada and the United Kingdom. Togo’s Eateries, Inc. (408-280-6585) plans to open 28 restaurants this year, including 26 franchised locations and two corporateowned sites, and also plans to remodel 80 existing units. Planned openings include locations in AZ, NV, OR and WA, and will be in the company’s new prototype, which features see-through counters, accessible glass refrigerators and new décor. The company currently operates 241 locations throughout the western region of the U.S. Wingstop Restaurants, Inc. (972-686-6500), through franchisee Chicagoland Wing Kings, LLC, plans to open 11 Wingstop restaurants throughout the Chicago, IL area. The company will also, through another franchisee, open an additional three restaurants throughout the Chicago area. The company currently operates 500 locations, offering several varieties of chicken wings, nationwide and throughout Mexico, including 19 units throughout the Chicago area. Goodwill Industries of South Central Wisconsin (608-246-3140) will open two Goodwill Industries stores in Dane County, WI. Planned openings include an 11,500 sq.ft. thrift store and donation center along McKee Road in Fitchburg, WI slated to open during late summer or early fall. The company currently operates 22 locations throughout south-central WI, including eight throughout Dane County. Ruth’s Hospitality Group, Inc. (407-3337440) plans to open a 9,600 sq.ft. Ruth’s Chris Steak House at The Banks, located at the intersection of Walnut Street and Freedom Way in Cincinnati, OH. The restaurant, which will be the company’s first in the area, will join Holy Grail, Johnny Rocket’s, Toby Keith’s I Love This Bar and Grill, Tin Roof, Crave, The Wine Guy and Mahogany’s at the center. page 16
March 9, 2012
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Wawa, Inc. (610-358-8000) will open a 5,547 sq.ft. Wawa convenience store with gasoline facilities at a site undergoing redevelopment near the intersection of Route 9 and King Georges Post Road in Woodbridge, NJ, as part of a plan to ramp up expansion throughout the central and northern portions of the state. The store will be the company’s first in the city. Aldi also plans to open a grocery store at the site. The company also plans to open a 5,102 sq.ft. Wawa with gasoline facilities at the site of a former Spa Escape on two acres at the intersection of York Road and Horsham Road in Hatboro, PA. The store would be the company’s second in the city. The company currently operates 570 locations throughout DE, MD, NJ, PA and VA. Subway (203-877-4281) plans to open 2,500 locations nationwide and internationally this year, including 1,100 locations throughout the U.S. and Canada. Planned openings include more than five locations throughout HI, with stores slated for Kauai, Hanalei, Poipu, the Big Island and Davenport. The company currently operates more than 36,000 locations nationwide and internationally. DiBella’s Old Fashioned Submarines (585697-7566) plans to open more than 10 sandwich shops in the area from southern New England through the Great Lakes region to Indianapolis, IN by year’s end. Planned openings include locations in metropolitan areas within CT and IN. The company currently operates 25 locations in four states nationwide. J. C. Penney Co., Inc. (972-431-1000) plans to open a JCPenney department store in a space formerly tenanted by Office Depot and Furniture Row at Windsor Square Shopping Center, located off U.S. Highway 74 in Matthews, NC. The store is slated to open during the fall. The company currently operates more than 1,100 locations nationwide, including five in the Charlotte, NC area. Gap, Inc. (650-952-4400) plans to open Athleta stores in Denver, CO; Chicago, IL; Boston, MA, and Houston, TX. The company currently operates 10 stores in the concept throughout CA, MN, NY, PA and Washington, DC, and plans to operate 50 of the stores, which specialize in women’s activewear, nationwide by the end of 2013. CarMax Group (800-519-1511) plans to open 10 CarMax stores during its 2013 fiscal year, and projects opening between 10 and 15 locations annually during the following three fiscal years.
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Golfsmith International Holdings, Inc. (512-837-4810) plans to open 10 Golfsmith stores during its 2012 fiscal year, as well as relocate four existing locations. Planned openings include sites in Christiana, DE; Atlanta, GA; Baltimore, MD; Cleveland, OH; Chattanooga and Nashville, TN, and San Antonio, TX, as well as three stores within the Washington, DC metropolitan area. All stores, including relocations, are slated to open by year’s end, and will feature driving ranges or simulators to allow customers to test golf clubs, as well as free fitting services. The company currently operates 79 locations throughout 21 states nationwide. O’Reilly Automotive, Inc. (417-862-3333) plans to open an O’Reilly Auto Parts store on 0.62 acres along South Church Street in Kenly, NC. The company currently operates more than 3,600 locations throughout 39 states nationwide. Total Wine & More (301-795-1000) plans to open 10 stores throughout WA by the summer, and is scouting potential stores in Seattle and Spokane. The company recently opened a location in Sacramento, CA and currently operates 78 locations nationwide. CVS Caremark Corp. (401-765-1500) will open a 12,900 sq.ft. CVS pharmacy at the intersection of U.S. Highway 84 and East Three Notch Street in Andalusia, AL. The store is slated to open during July. The company currently operates more than 7,200 pharmacies nationwide. Supervalu, Inc. (952-828-4000) plans to open between 50 and 60 Save-A-Lot locations nationwide during its current fiscal year. Half of the planned openings are slated for rural and urban “food deserts” – areas without ready access to groceries. Hennes & Mauritz AB (212-564-9922) plans to open 275 H&M apparel stores nationwide during its fiscal year. The company currently operates 2,500 locations, offering apparel for men, women and children, nationwide and internationally throughout 43 countries. Tractor Supply Co., Inc. (615-3664600) plans to open between 90 and 95 Tractor Supply Co. stores nationwide during its 2012 fiscal year, having opened 85 locations nationwide during fiscal 2011. The company currently operates 1,085 locations throughout 44 states nationwide. DM
Exclusives and Leasing Assignments Michael Salove Co. (215-568-2600) represents the following retailers with their expansion plans: Einstein Bros. Bagels, throughout DE, southern NJ and southeastern PA, seeking spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations and endcaps of shopping centers; Firebirds Wood Fired Grill, throughout DE, NJ and PA, occupying sites of 5,000 sq.ft. to 8,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers, with a focus on regional trade areas, and Jimmy John’s, throughout DE, central and southern NJ and eastern PA, utilizing spaces of 1,000 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps and inline spaces of lifestyle, power and strip centers. Corporate Realty Advisors (781-396-5400) represents Darden Restaurants with their expansion throughout New England. The restaurant chain is seeking spaces of 6,000 sq.ft. to 8,000 sq.ft. for its Red Lobster, Olive Garden and Longhorn Steakhouse concepts in freestanding locations situated on a land area of more than 1.5 acres, and of 7,000 sq.ft. to 10,000 sq.ft. for its Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s concepts in freestanding locations, as well as hotels and office complexes. The company also represents Legal Sea Foods with their expansion throughout select markets along the East Coast of the U.S., in spaces of 7,000 sq.ft. to more than 10,000 sq.ft., as well as in spaces of 5,000 sq.ft. to 6,000 sq.ft. for its LTK concept and of 6,000 sq.ft. for its Legal “C” Bar concept in freestanding locations, hotels and office complexes. Saugatuck Commercial Real Estate, LLC (203-222-4188/4194/4195) represents Hand & Stone Massage and Facial Spa with the chain’s expansion throughout CT and Westchester County, NY. The spas are seeking spaces of 2,000 sq.ft. to 3,500 sq.ft. in shopping centers. The company also represents CVS with the chain’s expansion throughout Middlesex and New Haven counties in CT. The pharmacies are seeking sites of 12,900 sq.ft. to 14,600 sq.ft. with a drive-thru in freestanding locations and pad sites of shopping centers situated on a land area of 1.5 acres. The company also represents Crumbs Bake Shop with the chain’s expansion throughout Fairfield County, CT and Westchester County, NY. The cupcake shops are seeking spaces of 800 D sq.ft. in affluent areas. M
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Retail Op p o r t u n i t i e s
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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Lease Signings Vanguard-Fine, LLC (518-862-0861) negotiated a 10-year lease with RVST Colonie, LLC for a 2,918 sq.ft. Five Guys Famous Burgers and Fries at Colonie Center, located along Wolf Road in Colonie, NY. The company also negotiated a five-year lease with Napoli Pizza for 1,400 sq.ft. along Western Avenue in Albany, NY. The company also negotiated a five-year lease with Bell Pet Co., LLC for an 8,547 sq.ft. Petzone at Price Chopper Plaza in Malta, NY. The company also negotiated a five-year lease with Curves for 1,696 sq.ft. at Plattsburgh Plaza in Plattsburgh, NY. The landlord is Plattsburgh Plaza, LLC. The company also negotiated a lease with Big Lots Stores, Inc. for a 28,000 sq.ft. Big Lots at Saugerties Plaza in Saugerties, NY. illi Commercial Real Estate (818-501-2212) negotiated a five-year lease with Panda Chinese Fast Food for 1,154 sq.ft. along Victory Boulevard in Woodland Hills, CA. The company represented both the landlord and the tenant in the transaction. The company also negotiated a lease with Metro PCS for space along North San Fernando Boulevard in Burbank, CA. The company represented both the landlord and the tenant in the transaction. The company also negotiated a three-year lease with Artists Enclave for 2,223 sq.ft. along Ventura Boulevard in Woodland Hills, CA. The company represented both the tenant and the landlord in the transaction. The company also negotiated a five-year lease with Dickey’s Barbeque Pit for 2,000 sq.ft. along Reseda Boulevard in Northridge, CA. The company represented both the landlord and the tenant in the transaction. Goodman Real Estate Services Group, LLC (216-381-8200) negotiated a lease with Levin Furniture for 37,479 sq.ft. at Avon Commons, a power center located in Avon, OH. Cotenants include Target, Costco, Kohl’s, Marshalls, Old Navy, Michaels, Cost Plus World Market, Heinen’s Supermarket, Home Depot and Ethan Allen. The company represented the landlord in the transaction. Mid-America Real Estate – Michigan, Inc. (248-855-6800) negotiated a lease with Mutual Fund Store for 1,658 sq.ft. at Northville Village, located along Haggerty Road in Northville, MI. The company represented the landlord, Northville Village Center, in the transaction. McMenemy Investment Services (702-3074925) negotiated a lease with Additions N More, LLC for 5,100 sq.ft. at Scottsdale Plaza, located along South Maryland Parkway in Las Vegas, NV. The company represented the landlord in the transaction. page 18
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Retail Solutions (512-474-5557) negotiated a lease with Marakesh Café for 2,000 sq.ft. at Steck Town Center in Austin, TX. The company represented the tenant and the landlord in the transaction. The company also negotiated a lease with Texas Gold for 1,393 sq.ft. along Burnet Street in Austin, TX. The company represented the landlord and Coldwell Banker Commercial represented the tenant in the transaction. The company also negotiated a lease with Mi Casa Massage for space along West 5th Street in Austin, TX. The company represented the landlord in the transaction. The company also negotiated a lease with Clutch Creative for 1,488 sq.ft. along Guadalupe Street in Austin, TX. The company represented both the tenant and the landlord in the transaction. The company also negotiated a lease with How Do You Roll? for space at Plaza Volente Shopping Center in Austin, TX. The company represented the tenant and The Weitzman Group represented the landlord in the transaction. Signature Associates (419-249-6309) negotiated a lease with Jimmy John’s for 1,600 sq.ft. at Gateway Toledo in Toledo, OH. The company represented the tenant in the transaction. The company also negotiated a lease with Tires by Red for 2,596 sq.ft. at 7 City Park in Toledo, OH. The company represented the landlord, Toledo City Sign Co., and the tenant in the transaction. The company also negotiated a lease with Tara Tubbs for 2,912 sq.ft. along Telegraph Road in Erie, MI. The company represented the landlord, Hair Co., and the tenant in the transaction. Midland Atlantic (317-580-9900) negotiated a lease with Massage Envy for 2,600 sq.ft. at Emerson Commons, located along South Emerson Avenue in Indianapolis, IN. The company represented the tenant and Sitehawk Retail Real Estate represented the landlord, First Emerson Commons Way, in the transaction. Kite Realty Group (317-577-5600) negotiated a lease with Sleep Outfitters for 4,000 sq.ft. at Red Bank Commons, located along Red Bank Road in Evansville, IN. The company represented the landlord, Eagle Plaza II, LLC, and Cypress Property Group represented the tenant in the transaction. NAI Houston (713-629-0500) negotiated a lease with Mademoiselle’s Shoe Emporium for 1,195 sq.ft. at Morton Ranch Shopping Center, located along North Fry Road in Katy, TX. The company represented the landlord, United Partners Group, LLC, in the transaction. DM
Lead Sheet A.C. Moore Arts & Crafts Jack Barson or Rob Solganik c/o Terra National Real Estate Group 29225 Chagrin Boulevard, Suite 360 Pepper Pike, OH 44122 216-378-1220, Fax 216-378-9920 Email: info@terranational.com Web site: www.terranational.com
Arts/Crafts The 135-unit chain operates locations throughout AL, CT, DE, FL, GA, MA, MD, ME, NC, NH, NJ, NY, PA, SC, TN and WV. The stores, offering arts and crafts and seasonal items, occupy spaces of 24,000 sq.ft. in power centers. Growth opportunities are sought throughout CT, MA, MD, NC, NH, NJ, NY, PA, SC and VA during the coming 18 months, with representation by Terra National Real Estate Group. Typical leases run 10 years. A turnkey or vanilla shell and tenant improvement allowance are required. Preferred cotenants include Best Buy, Target and T.J. Maxx. Major competitors include Hobby Lobby and Michaels.
Arey Cos. dba One Stop Robert Burns 1906 East Dixon Boulevard Shelby, NC 28152 704-482-1445, Fax 704-481-0645
Convenience The 17-unit chain operates locations throughout NC and SC. The convenience stores occupy freestanding locations situated on a land area of one to two acres. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company is site-selective and prefers to acquire land or existing buildings.
Loco, Inc. dba Loco Food Stores Rob Lipson 2249 Broadway, Suite 10 Grand Junction, CO 81503-1157 970-242-5857, Fax 970-245-7570 Web site: www.gjloco.com
Convenience The 23-unit chain operates locations throughout CO. The convenience stores occupy spaces of 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout western CO during the coming 18 months. A land area of one to 1.5 acres is required.
Stop-N-Go of Madison, Inc. dba Stop-N-Go Director of Real Estate 2934 Fish Hatchery Road Madison, WI 53713-5015 Email: bowmana@stop-n-go.com Web site: www.stop-n-go.com
Convenience The 34-unit chain operates locations throughout IL and WI. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout northern IL and southern WI during the coming 18 months. Typical leases run 15 years with options. Specific improvements are required. Major competitors include Kwik Trip. The company is site-selective and prefers site submittals to be sent via mail.
Macy’s, Inc. dba Macy’s Department Stores Carl Goertemoeller 7 West 7th Street Cincinnati, OH 45202 513-579-7666, Fax 513-579-7513 Web site: www.macys.com
Department Store The 800-unit chain operates locations nationwide throughout 45 states in the U.S., as well as in Guam and Puerto Rico. The department stores occupy spaces of 100,000 sq.ft. to 180,000 sq.ft. in malls and power, specialty and strip centers. Growth opportunities are sought throughout major markets within the existing footprint during the coming 18 months. Typical leases run 20 years.
Five Below Tom Rettaliata c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: trettaliata@ripcony.com Web site: www.ripcony.com
Discount The 190-unit chain operates locations nationwide throughout 16 states. The stores, offering fashion accessories, games, bath and body products, snacks and beverages, school supplies and seasonal items, all priced between $1 and $5, occupy spaces of 7,500 sq.ft. in outlet, power and strip centers. Growth opportunities are sought throughout northern NJ and Long Island, NY during the coming 18 months, with representation by Ripco Real Estate.
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Lead Sheet Agemy Family Dry Cleaners, LLC dba Quality Plus Cleaners Hass Agemy 9945 Race Track Road Tampa, FL 33626 813-925-8424 Email: qualitypluscleaners@yahoo.com Web site: www.qpcleaners.com
Dry Cleaners The 22-unit chain operates locations throughout Tampa Bay, FL. The dry cleaners occupy spaces of 800 sq.ft. to 1,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Orlando, FL during the coming 18 months. Typical leases run three years. A vanilla shell is required. Preferred cotenants include Starbucks.
Americlean Dry Cleaning Centers, Inc. dba Americlean Dry Cleaners Rory Sprague 600 Fairway Drive, Suite 105 Deerfield Beach, FL 33441 800-949-6016, Fax 954-354-5556 Web site: www.americleancorp.com
Dry Cleaners The 6,000-unit chain operates locations nationwide and in Puerto Rico. The dry cleaners occupy spaces of 1,000 sq.ft. to 2,500 sq.ft. in endcaps and inline spaces of strip centers. Growth opportunities are sought throughout CA, FL, IL, IN, MD, NC, NV, SC, TX and VA during the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include grocery and drug stores and hair and nail salons. Preferred demographics include a population of 60,000 within five miles earning $65,000 as the average household income.
Verizon Wireless David Landes c/o Royal Properties, Inc. 850 Bronx River Road Bronxville, NY 10708 914-237-3403, Fax 914-237-0196 Email: david@royalpropertiesinc.com Web site: www.royalpropertiesinc.com
Electronics The company operates locations nationwide. The electronics stores occupy spaces of 1,000 sq.ft. to 4,000 sq.ft. in freestanding locations, malls and endcaps of power and strip centers, as well as downtown areas. Plans call for five to six openings in Bergen, Hudson, Essex, Middlesex, Monmouth, Morris, Passaic, Somerset or Union counties in NJ, or Bronx, Dutchess, Orange, Putnam or Rockland counties and the Hudson Valley area of NY during the coming 18 months, with representation by Royal Properties, Inc. Major competitors include AT&T Mobility, T-Mobile and Sprint. A vanilla shell and specific improvements are preferred. The company prefers to locate in areas with high traffic counts.
Harkins Amusement Enterprises dba Harkins Theatres Mike Bowers 7511 East McDonald Drive Scottsdale, AZ 85250 480-627-7777 Web site: www.harkinstheatres.com
Entertainment The 30-unit chain operates locations throughout AZ, CA, CO, OK and TX. The movie theaters occupy spaces of 59,000 sq.ft. to 85,000 sq.ft. in freestanding locations, regional malls and entertainment, lifestyle and power centers. Growth opportunities are sought throughout the existing markets, as well as NV, during the coming 18 months. Preferred demographics include a population of 150,000 within five to seven miles earning $40,000 as the average household income.
Mann Theaters, Inc. dba Mann Theaters Steve Mann 900 East 80th Street Bloomington, MN 55420 952-767-0102, Fax 952-767-0103
Entertainment The 12-unit chain operates locations throughout MN. The movie theaters occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations, regional malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Fidelity Investments Brian Silbert, Wayne Kasbar or Alissa Hodum c/o Silbert Realty & Management Co., Inc. 85A Division Avenue/PO Box 406 Millington, NJ 07946 908-604-6900, Fax 908-604-2030 Emails: info@silbertrealestate.com, wkasbar@silbertrealestate.com and ahodum@silbertrealestate.com Web site: www.silbertrealestate.com
Finance The 150-unit chain operates locations nationwide. The financial service centers occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout select markets in NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc.
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Lead Sheet Fletcher Music Centers, Inc. dba Fletcher Music Centers Rick Dorn 3966 Airway Circle Clearwater, FL 33762 727-571-1088, Fax 727-572-4405 Web site: www.fletchermusic.com
Music The 19-unit chain operates locations throughout AZ and FL. The stores, offering organs and electronic keyboards, occupy spaces of 1,600 sq.ft. to 2,220 sq.ft. in strip 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 and drug stores and Bealls. Preferred demographics include a population of 75,000 within 10 miles earning $50,000 as the average household income. The company prefers to locate in retirement areas.
Music & Arts Center, Inc. dba Music & Arts Center Shawn Womer 4626 Wedgewood Boulevard Frederick, MD 21703 301-620-4040, Fax 301-620-2567 Web site: www.musicarts.com
Music The 100-unit chain operates locations nationwide. The stores, offering musical instruments, as well as lessons, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income.
Pet Supplies Plus (franchisee) Brian Grabowski c/o Retail Rep 240 The Glades Chapel Hill, NC 27517 919-674-2000 Email: brian@retail-rep.com Web sites: www.retail-rep.com and www.petsuppliesplus.com
Pet Supplies The 240-unit chain operates locations nationwide throughout 23 states. The pet supply stores occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in community and neighborhood shopping centers. Growth opportunities are sought, on behalf of a franchisee, throughout central NC during the coming 18 months, with representation by Retail Rep.
Planet Beach Franchising Corp. dba Planet Beach Contempo Spa Richard Juka 5145 Tara Vella Road Marerro, LA 70072 504-297-1460 Web site: www.planetbeach.com
Service The 282-unit chain operates locations nationwide and internationally. The facilities, offering spa services including facials, tanning, teeth whitening and full-body treatments, all administered via automated equipment, occupy spaces of 1,400 sq.ft. to 1,600 sq.ft. in entertainment, lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years with two, five-year options.
Running Room Kevin Higa 9750 47th Avenue Edmonton, Alberta, Canada T6E 5P3 780-439-3099 Ext. 229, Fax 780-433-6433 Email: khiga@runningroom.com Web site: www.runningroom.com
Shoes The 100-unit chain operates locations throughout IA, MN and Canada. The stores, offering running apparel and footwear, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers, as well as downtown areas. Growth opportunities are sought throughout the northern and midwestern areas of the U.S., as well as in Canada, during the coming 18 months.
Angel Tips Nail Salon Jerry Small c/o Pliskin Realty & Development, Inc. 179 Westbury Avenue Carle Place, NY 11514 516-997-0100 Ext. 307, Fax 516-997-7225 Email: jsmall@pliskinrealty.com Web site: www.pliskinrealty.com
Specialty The company operates locations throughout CT and NY. The nail salons occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in lifestyle, specialty and strip centers. Growth opportunities are sought throughout the existing markets, as well as NJ, during the coming 18 months, with representation by Pliskin Realty & Development, Inc. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include drug stores and supermarkets.
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Lead Sheet Hand and Stone 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.handandstone.com
Specialty The 69-unit chain operates locations nationwide and in Canada. The day spas, offering massage and facial services, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in various types of retail sites. Growth opportunities are sought throughout suburban areas of MD during the coming 18 months, with representation by JBG Rosenfeld Retail.
Isis Maternity Ed Gerwig c/o National Commercial Brokers, Inc. 381 Elliot Street, Suite 185L Newton Upper Falls, MA 02464 Email: ed@nationalcommercial.com Web site: www.isismaternity.com
Specialty The four-unit chain operates locations throughout the greater Boston, MA market. The centers, offering prenatal classes, occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout eastern MA during the coming 18 months, with representation by National Commercial Brokers, Inc. The company prefers to locate in densely-populated regional markets and prefers site submittals to be sent via email.
Hans Christian Toy Stores, Ltd. dba Hans Christian Toys Greg Borys 30 Paramount Road Winnipeg, Manitoba, Canada R2X 2W3 204-633-9776
Toys The company operates one location in Manitoba, Canada. The toy store prefers to occupy spaces of 1,200 sq.ft. to 1,700 sq.ft. in malls. Limited growth opportunities are sought throughout the existing market during the coming 18 months.
Vitamin World, Inc. dba Vitamin World Jeff Sieber or Nancy Shores 4320 Veterans Memorial Highway Holbrook, NY 11741 631-567-9500, Fax 631-200-6061 Web site: www.vitaminworld.com
Vitamins The 450-unit chain operates locations nationwide. The stores, offering vitamins, minerals, herbs and natural supplements, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in malls and outlet and regional power centers. Growth opportunities are sough throughout the existing market during the coming 18 months.
BJ’s Wholesale Club Tom Londres or Dan Brickner c/o Metro Commercial Real Estate 303 Fellowship Road, Suite 202 Mt. Laurel, NJ 08054 856-866-1900, Fax 856-866-1611 Emails: tlondres@metrocommercial.com and dbrickner@metrocommercial.com Web site: www.bjs.com
Wholesale Club The 195-unit chain operates locations throughout CT, DE, FL, GA, MA, MD, ME, NC, NH, NJ, NY, OH, PA, RI and VA. The wholesale clubs occupy spaces of 85,000 sq.ft. to 119,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the eastern region of the U.S. during the coming 18 months, with representation by Metro Commercial Real Estate.
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
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Real Estate Professionals Making the News Premier Commercial Realty (847-854-2300) hired Linda Kost and Dave Schmidt as senior broker associates. Kost specializes in retail leasing, land development, entitlement, build-to-suits and site acquisition. Prior to joining the company, Schmidt served at Coldwell Banker Commercial. Marcus & Millichap Real Estate Investment Services (914-397-1700) opened an office in White Plains, NY. J.D. Parker, vice president of the company, will oversee the office as regional manager. The company offers commercial real estate investment services nationwide.
Calkain Cos. (813-282-6000) hired Michael Zimmerman as a vice president. He specializes in net-leased investments throughout FL and the southeastern region of the U.S. The company is a full-service real estate brokerage firm specializing in singleand multi-tenant retail, hospitality, office and industrial properties nationwide. Commercial Retail Associates (559-6501300) hired Cary Marsella. He will operate out of the company’s Fresno and Monterey, CA offices and specializes in retail tenant representation and shopping center leasing and sales throughout central CA. DM
Sources of Financing BMC Capital provides financing for the acquisition and refinancing of netleased retail, office, industrial and storage properties. Loans are available in amounts from $500,000 to more than $10 million for terms of three, five or seven years featuring interest rates between 5.25% and 6.75%, a maximum loan-to-value ratio of 75% and a maximum amortization schedule of 25 years. For more information, contact Carl Esrey, BMC Capital, 3100 Monticello Avenue, Suite 400, Dallas, TX 75205; 214-526-7178, Fax 214-526-2297; Email: cesrey@bmccapital.com; Web site: www.bmccapital.com. Marcus & Millichap Capital Corp. arranged $5.571 million in financing for the acquisition of a Walgreens located in Venice, FL. The loan featured a 22-year term, a fixed 4.75% interest rate, a 25-year amortization schedule and a loan-to-value ratio of 60%. For more information, contact Danny Abergel, Marcus & Millichap Capital Corp., 16830 Ventura Boulevard, Suite 100, Encino, CA 91436; 818-212-2700, Fax 818212-2710; Web site: www.marcusmillichap.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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Samuel C. Thomas provides interest-only financing for retail, office, multifamily, hospitality and industrial properties. Loans are available in amounts from $3 million to $50 million for terms of up to three years, featuring interest rates above 7.5% and a maximum loan-to-value ratio of 85%. For more information, contact Sam Thomas, Samuel C. Thomas, PO Box 218, West Berlin, NJ 08091; 856-629-8382; Email: scharlesthomas1@gmail.com; Web site: www.samuel-c-thomas.com. NorthMarq Capital arranged a $35 million mortgage for a 156,814 sq.ft. center located in San Bruno, CA. Tenants at the center include Marshalls, Best Buy and Lowe’s Home Improvement. The loan featured a 20-year term and a 20-year amortization schedule. For more information, contact Dennis Sidbury, NorthMarq Capital, One Embarcadero Center, Suite 2150, San Francisco, CA 94111; 415-433-1072, Fax 415-433-1429; Web site: www.northmarq.com. Cohen Financial arranged $52 million for the refinancing of a center located in Chicago, IL. The loan featured a 10-year term and a fixed interest rate. For more information, contact Michael Wieden, Cohen Financial, Two North LaSalle Street, Suite 800, Chicago, IL 60602; 312-346-5680, Fax 312-346-6669; Web site: www.cohenfinancial.com. DM
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Boynton Beach – A center located at the intersection of Congress Avenue and Old Boynton Road has a 16,000 sq.ft. space available. Cotenants include Dick’s Sporting Goods and Off Broadway Shoes. Area retail includes The Sports Authority, Bed Bath & Beyond, PetSmart, Barnes & Noble, Macy’s, Dillard’s, JCPenney and Sears. Area demographics include a population of 374,158 within seven miles earning $67,592 as the average household income. The average daily traffic count is 33,500 vehicles. For details, contact Martin Hennessy or David Emihovich, Katz & Associates, 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-361-7232, Fax 561-361-7276; Emails: martinhennessy@dkatz.com and davidemihovich@dkatz.com; Web site: www.katzassociates.com.
Avenue, Miami, FL 33137; 866-981-4442 Ext. 1; Email: sd@highstreetretailusa.com; Web site: www.highstreetretailusa.com.
39,130 vehicles. Sandy Springs – Parkside Shops of Sandy Springs, located at the intersection of Roswell Road and Cliftwood Drive, has spaces available from 1,169 sq.ft. to 9,895 sq.ft. Cotenants include Egg Harbor Café, Liberty Tax Service, Sally’s Bakery, Salon 333, Chef Rob’s Café, Rapid Results, Carl’s Café, A Royal Affair, Sultans Turkist Cuisine, Tuesday Morning, Turning Point Tutoring, Chipotle, Subway, Classy Clips and Teahouse Comics. Area retail includes Lowe’s Home Improvement, Whole Foods Market, Ross Dress for Less, Office Depot, Petco, Dollar Tree, Ace Hardware, Rite Aid, Kroger and Starbucks. Area demographics include a population of 190,802 within five miles earning $118,000 as the average household income. The average daily traffic count is 39,060 vehicles. For details, contact Stuart Shapiro or Charlie Tope, Mimms Enterprises, 780 Old Roswell Place, Suite 100, Roswell, GA 30076; 770-518-2200; Emails: sshapiro@mimmsenterprises.com and ctope@mimmsenterprises.com.
Davie – Great Florida Bank Center, a 49,648 sq.ft. strip center located at the intersection of 47th Avenue and University Drive, has a 1,600 sq.ft. space available. FedEx Office anchors the center and cotenants include T-Mobile, Subway and Menchie’s. Area demographics include a population of 306,871 within five miles earning $71,376 as the average household income. Pembroke Pines – Cobblestone Plaza, a 143,505 sq.ft. strip center located at the intersection of Pines Boulevard and Interstate 75, has a 1,750 sq.ft. space available. Whole Foods Market and Party City anchor the center. Cotenants include All Pets Emporium, Smashburger, Salsa Fiesta, Third Federal Bank and Menchie’s. Area demographics include a population of 254,513 within five miles earning $91,476 as the average household income. Sunrise – An 89,310 sq.ft. strip center located at the intersection of Nob Hill Road and Sunset Strip has an 1,800 sq.ft. space available. Dris’ Market anchors the center and cotenants include FedEx Office and Dunkin’ Donuts. Area demographics include a population of 322,672 within five miles earning $61,334 as the average household income. Wellington – A strip center located at the intersection of State Road 7 and 10th Street has a 1,958 sq.ft. space available. Best Buy, The Sports Authority and Total Wine & Spirits anchor the center. Cotenants include Jo-Ann Fabrics, Petco, Off Broadway Shoes, OfficeMax, Verizon Wireless and Chipotle. Area demographics include a population of 171,318 within five miles earning $72,842 as the average household income. For details, contact Sharon Dresser, High Street Retail USA, 3610 Northeast 1st
Georgia Atlanta – Akers Mill Square, a 306,000 sq.ft. center located at the intersection of Cobb Parkway/U.S. Highway 41 and Akers Mill Road, has a 34,131 sq.ft. space available. Cotenants include Subway, Sprint, Honey Baked Ham, Brooklyn Water Bagels, Jenny Craig, Lane Bryant, The Sports Authority, OfficeMax, Party City, Petco, Toys “R” Us/ Babies “R” Us, LA Fitness, Golfsmith, Bed Bath & Beyond, Zoe’s Kitchen, Pinkberry, Pollo Tropical, Chipotle, Chick-fil-A and Hooters. Area demographics include a population of 957,885 within 10 miles earning $93,025 as the average household income. The average daily traffic count is 40,000 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. Lawrenceville – Village at Flowers Crossing has an 8,800 sq.ft. space available. Lilburn – A center located along Paxton Drive has a 5,000 sq.ft. space available. Area retail includes PetSmart. The average daily traffic count is 43,200 vehicles. Newnan – Eastgate Shopping Center has a 74,186 sq.ft. space available. Food Depot anchors the center and cotenants include It’s Fashion Metro, Ronnie Tubbs Tax Service and O’Reilly Auto Parts. For details, contact John Tennant or Taylor Kiewit, Franklin Street Real Estate, 3525 Piedmont Road, Building 8, Suite 420, Atlanta, GA 30305; 404-832-8996 or 404845-7475, Fax 404-842-1755; Web site: www.fsfp.com. Marietta – Town and Country Shopping Center, located along Roswell Road, has spaces available of 544 sq.ft.; 1,500 sq.ft. and 2,077 sq.ft. Burlington Coat Factory anchors the center and cotenants include Family Dollar, A Classy Flea Antiques, ApplianceSmart, Goodwill Industries, Big Lots, Porter Paints, NY Nails, American GraFrutti, Psycho Tattoo and USA Title Pawn. Area retail includes Sam’s Club, Walmart, Sears, AutoZone, Aaron’s, Dollar General and Life Grocery. Area demographics include a population of 207,678 within five miles earning $71,000 as the average household income. The average daily traffic count is www.dealmakers.net
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Illinois Bloomingdale – Bloomingdale Town Centre, a 48,650 sq.ft. center located at the intersection of Bloomingdale Road and Lake Street, has spaces available from 1,200 sq.ft. to 21,146 sq.ft. Cotenants include McDonald’s, Taj Mahal Indian Restaurant, Pink Hair Studio and Beauty Supply. Area demographics include a population of 290,249 within five miles earning $70,716 as the median household income. Also, Courtyard at Stratford, a 41,260 sq.ft. center located at the intersection of Army Trail Road and Springfield Drive, has spaces available of 840 sq.ft.; 1,130 sq.ft. and 2,672 sq.ft. Cotenants include FedEx Office, H&R Block, TN Nails, LA Tan, Huntington Learning Center, Inches-A-Weigh, Speedy Sign-ORama, Lou Malnati’s Pizzeria, Massage Therapy Studio, State Farm Insurance, Men’s Wearhouse and For Eyes Optical. Area demographics include a population of 260,696 within five miles earning $74,963 as the median household income. Crystal Lake – Brink Street Market, a 19,886 sq.ft. center located at the intersection of Brink Street and Williams Street, has spaces available of 822 sq.ft.; 1,160 sq.ft. and 1,194 sq.ft. Cotenants include Gymboree, The Running Depot, Mum Floral and Design, Giftology, Starbucks, Queen Nails, Benedict’s La Strata and Color Me Mine. Area demographics include a population of
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115,518 within five miles earning $79,713 as the median household income. Orland Park – Park Hill Plaza, a 61,173 sq.ft. center located along West 159th Street, has spaces available of 1,500 sq.ft. and 1,626 sq.ft. along with two 1,400 sq.ft. spaces. Cotenants include Park Hill Cleaners, Burrito Jalisco, Black Tie Formal Wear, Pro Nails, Music Go Round, Mo’s Chinese Kitchen, Dahn Yoga Center, Jerusalem Meat & Grocery, Jewel of Siam, Weight Watchers, Once Upon A Child, Plato’s Closet and Clothes Mentor. Area demographics include a population of 174,210 within five miles earning $75,963 as the median household income. For details, contact David Strusiner, Craig/Steven Development Corp., 402 Huehl Road, Suite 1-A, Northbrook, IL 60062; 847-564-5740, Fax 847-564-5635; Email: david@craigsteven.com; Web site: www.craigsteven.com. Northbrook – Village Square of Northbrook, a 334,955 sq.ft. power center located at the intersection of Lake Cook Avenue and Skokie Boulevard, has spaces available of 15,058
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sq.ft. and 42,690 sq.ft. Saks Fifth Avenue OFF 5th, Nordstrom Rack, The Container Store, Marshall’s and Trader Joe’s anchor the center. Cotenants include Loehmann’s, PetSmart, Cost Plus World Market, FedEx Office and American Mattress. Area retail includes Northbrook Court Regional Mall, featuring Macy’s, Lord & Taylor and Neiman Marcus. Area demographics include a population of 141,241 within five miles earning $189,359 as the average household income. The asking rent is $20 psf with CAM of $2.25 psf and taxes of $7.75 psf. Wheaton – Rice Lake Square, a 251,362 sq.ft. power center located at the intersection of Naperville Road and Butterfield Road, has spaces available of 1,588 sq.ft.; 1,845 sq.ft. and 2,942 sq.ft. Whole Foods Market, PetSmart, Stein Mart and Studio Movie Grill anchor the center. Cotenants include Panera Bread, Men’s Wearhouse and Smashburger. Area retail includes JewelOsco, Dominick’s, Old Navy, T.J. Maxx, HomeGoods, Jo-Ann Fabrics and Petco. Area demographics include a population of 233,910 within five miles earning $110,882 as the average household income. The average daily traffic count is 34,500 vehicles.
For details regarding the Northbrook property, contact Liz Krebs, Mid-America Asset Management, Inc., One Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630-954-7300, Fax 630-954-7306; Email: cmoscinski@midamericagrp.com; Web site: www.midamericagrp.com. For details regarding the Wheaton property, contact Katie Hennegan or Marget Graham. Plainfield – Heritage Meadows, located at the intersection of Route 59 and 119th Street, has spaces available from 1,300 sq.ft. to 10,000 sq.ft. Area retail includes Kohl’s, Buffalo Wild Wings, Party City, Dunkin’ Donuts, Target, Barnes & Noble, GameStop, FedEx Office, Starbucks, Bank of America, Panera Bread, Red Robin, Walmart, CVS, Party City, Popeyes, Arby’s, Walgreens and Scottrade. Area demographics include a population of 152,281 within five miles earning $122,822 as the average household income. The average daily traffic count is 35,497 vehicles. Shorewood – A center located along Brookforest Avenue has spaces available from 1,200 sq.ft. to 7,000 sq.ft. Jewel-Osco anchors the center. Area
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 page 26
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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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demographics include a population of 145,101 within five miles earning $86,350 as the average household income. The average daily traffic count is 43,500 vehicles. For details regarding the Plainfield property, contact Christina Caton Kitchel or Melissa Cellini, Caton Commercial Real Estate Group, 16106 Route 59, Suite 102, Plainfield, IL 60586; 312-545-1035 or 773-354-7793, Fax 815-439-3370; Emails: christina@catoncommercial.com and melissa@catoncommercial.com; Web site: www.catoncommercial.com. For details regarding the Shorewood property, contact Melissa Cellini or Randy Petri; 815-4365700; Email: randy@catoncommercial.com.
the average household income. The average daily traffic count is 50,000 vehicles. For details, contact Jeffrey James or Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 727-403-7777 or 412-613-3353, Fax 727-517-2275; Emails: jjames@lamarco.com and scooper@lamarco.com; Web site: www.lamarco.com.
Raynham Commons, a 175,438 sq.ft. center located along Cape Highway/Route 44, has a 4,000 sq.ft. space available. Shaw’s anchors the center and cotenants include Vision Works, RadioShack, Renssi Cleaners, Star Nails, Best Cuts, Fashion Bug, iParty, Bank of America, Jo-Ann Fabrics, Sovereign Bank, Panera Bread, Marshalls, dressbarn, CVS and GameStop. Area demographics include a population of 105,419 within seven miles earning $67,461 as the median household income. The average daily traffic count is 40,220 vehicles. For details, contact Cedar Realty Trust, 44 South Bayles Avenue, Port Washington, NY 11050; 856-218-8677, Fax 856-218-8678; Web site: www.cedarrealtytrust.com.
Indiana Crawfordsville – Crawfordsville Square, a 286,848 sq.ft. strip center situated on 25.38 acres at the intersection of South Boulevard and South Washington Street/U.S. Highway 231, has spaces available from 3,200 sq.ft. to 54,188 sq.ft. along with outlots of 2.59 acres and 3.32 acres. Kroger, Thrifty Wholesale Supply, Goody’s and Plaza Lanes anchor the center. Cotenants include Hibbett Sports, Great Clips, Best Nails, Burger King, Fantastic Sams, Check N Go, Main Source Bank, Rent-A-Center, Shoe Sensation, Super China Buffet and Tropical Tan. Area demographics include a population of 345,658 within 10 miles earning $61,275 as the average household income. The average daily traffic count is 9,310 vehicles. Ft. Wayne – Covington Plaza, a 183,806 sq.ft. strip center situated on 26.5 acres at the intersection of West Jefferson Boulevard and Covington Road, has spaces available from 1,500 sq.ft. to 5,000 sq.ft. along with a 0.95acre outlot. The Fresh Market, Office Depot and U.S. Mattress and Furniture anchor the center. Cotenants include Honey Baked Ham, GNC, Hungry Howie’s, Ski Pole, Cap-N-Cork, Covington Bar & Grill and Anytime Fitness. Area demographics include a population of 100,391 within five miles earning $68,084 as the average household income. The average daily traffic count is 36,500 vehicles. Indianapolis – Emerson Plaza, an 85,471 strip center situated on 10.45 acres at the intersection of Emerson Avenue and Thompson Road, has spaces available of 1,600 sq.ft.; 2,320 sq.ft. and 5,400 sq.ft. Marsh Supermarket and Dairy Queen anchor the center. Cotenants include Planet Fitness, Bamboo House, Mi Amigos, Supercuts, Wild Nails and Advance America. Area demographics include a population of 165,429 within five miles earning $63,825 as
Maine Scarborough – The Gateway Shoppes at Scarborough, a 220,000 sq.ft. center located at the intersection of Maine Turnpike and Payne Road, has spaces available from 1,500 sq.ft. to 20,000 sq.ft. Cabela’s anchors the center and cotenants include The Kennel Shop, Thai 9, Kitchen & Cork, All Gear, Famous Dave’s, Portland Pie Co., Cricket & Co., Haven’s Candies and Henry VIII. Area demographics include a population of 118,090 within seven miles earning $63,806 as the average household income. The average daily traffic count is 67,000 vehicles. For details, contact Sara Taylor, Daniel Dori or Jay Wise, Eagle Rock Retail; 617-553-1824/1840 or 207-775-3499; Emails: sara@eaglerockretail.com; dan@eaglerockretail.com and jaywise@wrebrokers.com; Web site: www.eaglerockretail.com.
Massachusetts Franklin – Franklin Village, a mixed-use center located along West Central Street/ Route 140, has spaces available of 1,500 sq.ft.; 1,967 sq.ft. and 3,600 sq.ft. Super Stop & Shop anchors the center and cotenants include AT&T Mobility, Bath & Body Works, Olympia Sports, Team Fitness, Wild Birds Unlimited, Hairs Boston, Hallmark, Sally Beauty Supply, Five Guys Famous Burgers and Fries and Jenny Craig. Area demographics include a population of 69,392 within five miles earning $92,867 as the median household income. New Bedford – Kings Plaza, a 168,243 sq.ft. center located along Kings Highway, has spaces available of 2,000 sq.ft. and 6,000 sq.ft. Work Out World anchors the center and cotenants include Savers, CW Price, Fashion Bug, Expressions, Madrag, Dental Dreams, Family Dollar, Rainbow Rentals, H&R Block, Fashion Nails, McDonald’s and Bank of America. Area demographics include a population of 135,178 within five miles earning $44,701 as the median household income. The average daily traffic count is 13,920 vehicles. Raynham – www.dealmakers.net
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Norwell – A 6,000 sq.ft. pad site located along Washington Street/Route 53 is available. Area retail includes Hannaford, HomeGoods, Marshalls, 7-Eleven, CVS and Rite Aid. Area demographics include a population of 92,997 within five miles earning $98,876 as the average household income. The average daily traffic count is 29,000 vehicles. Sturbridge – Center at Hobbs Brook, a 231,197 sq.ft. center located along Charlton Road, has a 29,000 sq.ft. space available. Stop & Shop anchors the center and Walmart shadowanchors the site. Cotenants include Old Navy, Pier 1 Imports, UNO Chicago Grill, iParty, Famous Footwear, Verizon Wireless, Southbridge Credit Union, Marshalls, Staples, Applebee’s, Sleepy’s, dressbarn, Payless ShoeSource and GameStop. Area retail includes Cracker Barrel and Sturbridge Antiques. Area demographics include a population of 94,365 within 10 miles earning $70,953 as the average household income. The average daily traffic count is 99,000 vehicles. Waltham – A 29,756 sq.ft. building located at the intersection of Moody Street and Whitney Avenue has a divisible 6,000 sq.ft. endcap space available. Cotenants include Family Dollar. Area retail includes Margarita’s Restaurant, Bison County BBQ, Tuscan Grill, Tempo American Bistro, Biagio Restaurant & Bar, Solea Restaurant & Tapas Bar and The Upper Crust Pizzeria. Area draws includes Charles River Museum. Area demographics include a population of 127,268 within three miles earning $116,261 as the average household income. The average daily traffic count is 19,000 vehicles. West Roxbury – Shaw’s at West Roxbury, a 76,316 sq.ft. center located along Spring Street, has a 1,500 sq.ft. space available. Shaw’s anchors the center and cotenants include Supercuts, City of Boston
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Credit Union, H&R Block, Panera Bread, Edible Arrangements and Get In Shape for Women. Area retail includes CVS and Walgreens. Area demographics include a population of 126,888 within three miles earning $98,953 as the average household income. The average daily traffic count is 17,000 vehicles. For details, contact Daniel Dori or Sara Taylor, Eagle Rock Retail; 617-5531840/1824; Emails: dan@eaglerockretail.com and sara@eaglerockretail.com; Web site: www.eaglerockretail.com. For additional information regarding the Waltham property, contact Graham Smith; 617-553-1980; Email: graham@eaglerockretail.com.
Minnesota Oak Park Heights – Oak Park Ponds, a 105,645 sq.ft. strip center situated on 17.1 acres at the intersection of Highway 36 and Highway 5, has spaces available of 2,240 sq.ft.; 2,624 sq.ft. and 4,068 sq.ft. along with a 7,488 sq.ft. freestanding building. Kowalski’s Market, Victory Sports & Fitness
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and Oak Park Wine & Spirits anchor the center. Cotenants include Turbo Nails, DH Wireless, Regis Salon, Domino’s Pizza and The UPS Store. Area demographics include a population of 42,732 within five miles earning $102,533 as the average household income. The average daily traffic count is 50,000 vehicles. For details, contact Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 412-613-3353; Email: scooper@lamarco.com; Web site: www.lamarco.com.
Glendive – West Plaza, a 97,077 sq.ft. center located at the intersection of Interstate 94 and West Bell Avenue, has spaces available of 10,095 sq.ft. and 12,080 sq.ft. Big Kmart anchors the center and cotenants include Aaron’s, Pizza Hut and NAPA. Area demographics include a population within 30 miles earning $50,525 as the average household income. 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.
Rochester – Northgate Center, a 92,655 sq.ft. mixed-use strip center, has spaces available of 1,204 sq.ft.; 1,344 sq.ft. and 1,800 sq.ft. Also, Prow Plaza, a 10,178 sq.ft. mixed-use building located at the intersection of 16th Avenue and 4th Street Northwest, has spaces available of 1,600 sq.ft.; 1,714 sq.ft. and 5,670 sq.ft. For details, contact Jack Prow, The Prow Co., 1312 7th Street Northwest, Suite 102, Rochester, MN 55901; 507282-3454, Fax 507-282-0230; Email: the_prow_company@juno.com.
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Nebraska Omaha – A 3,347 sq.ft. building located at the intersection of South 15th Street and Douglas Street is available. Area retail includes Starbucks and Sullivan’s Steak House. Area demographics include a population of 258,604 within five miles earning $102,492 as the average household income. The average daily traffic count is 112,000 vehicles. The asking rent is $11 psf. (continued on page thirty)
I-65 & US Hwy 30 land MERRILLVILLE, IN 2.86 acres foR SaLE - SEaLED BID offERIng
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Located at I-65 interchange with US Highway 30 with excellent visibility ••• Zoned PUD C-3 ••• Established retail trade area of over 4 million square feet ••• Property neighbors include Costco, Lowes, Babies ‘R Us, and CarMax ••• Strong regional market with Westfield Southlake Mall and many national retailers and restaurants
Marcy Wood | CBRE 630-573-1287 marcy.wood@cbre.com
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For details, contact John Ford, Security National Properties, 323 Fifth Street, Eureka, CA 95503; 707-476-2662, Fax 916-2312562; Email: joford@snsc.com.
New Hampshire Dover – Weeks Traffic Circle, located at the intersection of Indian Brook Drive and Central Avenue, has spaces available from 1,500 sq.ft. to 20,000 sq.ft. Area retail includes Hannaford, Shaw’s, Market Basket,
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New Jersey
Walmart, Home Depot, Target, UNO Chicago Grill, Staples, Applebee’s, Ninety Nine Restaurant, Starbucks and Verizon Wireless. Area demographics include a population of 127,385 within 10 miles earning $50,003 as the median household income. The average daily traffic count is more than 45,000 vehicles. For details, contact John Dennis, Corporate Realty Advisors, 92 High Street, Suite One, Medford, MA 02155; 781-396-5400, Fax 781-396-0888; Email: jd@cra-boston.com; Web site: www.cra-boston.com.
South Brunswick – South Brunswick Square, a 260,000 sq.ft. power center located along U.S. Highway 1, has a 9,244 sq.ft. space available. Stop & Shop, Home Depot, Bob’s Furniture and Dollar Tree anchor the center. Area retail includes Target, PetSmart, McDonald’s, Burger King, Ashley Furniture, Dunkin’ Donuts, Chase Bank, Great Clips and Best Buy. Area demographics include a population of 196,961 within seven miles earning $101,634 as the average household income. The average daily traffic count is more than 50,000 vehicles. For details, contact Lew Finkelstein or Matt Flath, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700 Ext. 22/19, Fax 201-703-9678; Emails: lfinkelstein@thegoldsteingroup.com and mflath@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. South Plainfield – A 351,568 sq.ft. center located at the intersection of Hadley Road and Stelton Road has a 42,602 sq.ft. space available. Macy’s, Burlington Coat Factory and Hobby Lobby anchor the center. Cotenants include Walgreens, RadioShack, SRI Liquors, Kimchi Hana, Jolie Nails, Muscle Maker Grill, Dollar Tree, dressbarn, MJM Shoes, Taco Bell, Payless ShoeSource and Wachovia Bank. Area demographics include a population of 954,118 within 10 miles earning $104,974 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.
New York You can now read the most current issue of The Dealmakers on your mobile device. Visit our blog at http://dlmkrs.com on any mobile device and read the most current issue of The Dealmakers. Each individual issue is password-protected, so you must have the physical issue in order to read online. You can also read Ann O’Neal’s “Observations & Conversations” column, our profiles on retailers and retail real estate companies, and our updates from industry events, “Reflections from the Road,” for free!
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Canandaigua – A 45,026 sq.ft. center located along County Road 10 has spaces available of 1,500 sq.ft. and 10,160 sq.ft. along with a 17,000 sq.ft. pad site. Cotenants include Dunkin’ Donuts, Payless ShoeSource, Sally Beauty Supply and Arrow Mart. Area demographics include a population of 54,989 within 10 miles earning $67,736 as the average household income. Corning – A 186,600 sq.ft. center located along Victory Highway has spaces available from 4,000 sq.ft. to 74,800 sq.ft. Cotenants include Valu Home Center, Firestone, Pookie’s Little Britches, H&R Block, Mickey’s Sew & Vac, Wireless Worldwide, Dollar General and Burger King. Area demographics include a population of 42,341 within 10 miles earning $67,287 as the average household income. Greenwich – A center located along State (continued on page thirty-two)
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Route 29 has a 12,280 sq.ft. space available. Kmart anchors the center and cotenants include McDonald’s, Subway, Yankee One Dollar, Geraghty’s Wines, House of Pizza, RadioShack and Greenwich Chinese. Area demographics include a population of 27,716 within 10 miles earning $64,349 as the average household income. Valley Cottage – An 80,892 sq.ft. center located along State Route 303 has a 4,000 sq.ft. space available. Cotenants include Rite Aid, David’s Bagels, Great Clips, Valley Pizza, Nails & Then Some, The Martial Way, Happy Quilter, Dollar Tree and Capital One Bank. Area demographics include a population of 546,642 within 10 miles earning $137,402 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. Fayetteville – A 30.31-acre parcel located along East Genesee Street is available. Area retail includes U.S. Postal Service.
New York
New York
Area demographics include a population of 269,776 within 10 miles earning $60,325 as the median household income. For details, contact Monique Ward, Adirondack Retail Consultants, Inc., 7611 Merle Ridge, Baldwinsville, NY 13027; 315-622-7500, Fax 315-622-7600; Email: mward109@twcny.rr.com.
River Road, Bronxville, NY 10708; 914237-3403 Ext. 106/111, Fax 914-237-0196; Emails: scott@royalpropertiesinc.com and jeanine@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com.
Middletown – H&K Furniture Plaza, a 52,160 sq.ft. center located along Route 211, has spaces available of 1,875 sq.ft. and 3,000 sq.ft. along with a 43,000 sq.ft. divisible space. Cotenants include Aldi, CosmoProf and Sherwin-Williams. Area retail includes Kohl’s, HomeGoods, Target, Staples, Burlington Coat Factory, Raymour & Flanigan, Walmart, Stop & Shop, Home Depot, Bed Bath & Beyond, Dick’s Sporting Goods, Hannaford, Gander Mountain and Best Buy. Area demographics include a population of 60,730 within five miles earning $75,668 as the average household income. The average daily traffic count is 24,000 vehicles. For details, contact Scott Meshil or Jeanine Kemm, Royal Properties, Inc., 850 Bronx
North Carolina Lincolnton – Lincoln Center, an 82,943 sq.ft. strip center situated on 11.25 acres at the intersection of U.S. Highway 321 Bypass and Sigmond Road, has spaces available from 1,200 sq.ft. to 4,385 sq.ft. Bi-Lo, Cato and Shoe Show anchor the center. Cotenants include Moose’s Pizza & More, GNC, AT&T Mobility, Otto’s Pet Center, Great Clips, Sally Beauty Supply, Subway and Bally Nails. Area demographics include a population of 32,423 within five miles earning $50,949 as the average household income. The average daily traffic count is 24,000 vehicles. Pineville – Pineville Towne Market, an 83,524 sq.ft. center situated on 8.736 acres at the intersection of Main Street/NC Highway 51 and South Polk Street, has spaces available from 1,200 sq.ft. to 4,146 sq.ft. Food Lion, Dollar General, Aaron’s and Clark Tire
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anchor the center. Cotenants include MJ Donuts, Ink Stop, Weight Watchers, China Express, ABS Beauty Supply and Flooring America. Area demographics include a population of 142,651 within five miles earning $95,993 as the average household income. The average daily traffic count is 36,000 vehicles. For details, contact Jeffrey James, Lamar Cos., 365 South Street, Morristown, NJ 07960; 727-403-7777, Fax 727-517-2275; Email: jjames@lamarco.com; Web site: www.lamarco.com.
Spa, Hibachi Steakhouse, A-Z Auto, China House, Bob’s Barber Shop, Exotic Nail, Fairview Lanes, Best Cut and Jersey Mike’s. Area demographics include a population of 233,860 within five miles earning $67,152 as the average household income. The average daily traffic count is 24,000 vehicles. For details regarding the Dayton property, contact Jeffrey James, Lamar Cos., 365 South Street, Morristown, NJ 07960; 727-403-7777, Fax 727-517-2275; Email: jjames@lamarco.com; Web site: www.lamarco.com. For details regarding the Fairview Park property, contact Sam Cooper; 412-613-3353; Email: scooper@lamarco.com.
Town Center Boulevard, has a 1,334 sq.ft. space available along with endcap spaces of 2,286 sq.ft. and 2,400 sq.ft. Giant anchors the center and cotenants include PNC Bank, H&R Block, Hallmark, Dunkin’ Donuts, CVS and Subway. Area retail includes Dollar General, Rita’s, Walgreens, Ace Hardware, Quiznos and Supercuts. Area demographics include a population of 109,292 within five miles earning $61,360 as the average household income. Philadelphia –A 5,200 sq.ft. space located at the intersection of South Street and South 23rd Street is available. Area retail includes Thriftway. Area draws include University of Pennsylvania. Area demographics include a population of 62,086 within one mile earning $54,666 as the average household income. For details regarding the East Norriton property, contact Eric Kuhn, Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 484417-2223, Fax 610-645-5454; Email: ekuhn@equityretailbrokers.com; Web site: www.equityretailbrokers.com. For details regarding the Easton property, contact Greg Jones or Ken McEvoy, 484-417-2224/2226; Emails: gjones@equityretailbrokers.com and kmcevoy@equityretailbrokers.com. For details regarding the Philadelphia property, contact Brian Wherty; 484-417-2222; Email: bwherty@equityretailbrokers.com.
Ohio Cincinnati – Glenway Crossing, a 235,000 sq.ft. strip center located at the intersection of Glencrossing Way and Glenway Avenue, has spaces available from 1,200 sq.ft. to 70,000 sq.ft. Shoe Carnival and Tuesday Morning anchor the center. Cotenants include Mattress Factory, GNC, Weight Watchers, GameStop, Leslie’s Pool Supply, Jersey Mike’s and Cincinnati Bell. Area retail includes Best Buy, Dick’s Sporting Goods, Hobby Lobby and hhgregg. Area demographics include a population of 246,402 within 10 miles earning $60,900 as the average household income. The average daily traffic count is 12,600 vehicles. For details, contact Marianne Holewski, Anchor Associates, 3805 Edwards Road, Suite 410, Cincinnati, OH 45230; 513-784-1106, 513-784-7814; Email: mholewski@anchor-associates.com; Web site: www.anchor-associates.com. Dayton – Washington Park Plaza, a 178,750 sq.ft. strip center situated on 19.812 acres at the intersection of State Route 725 and Lyons Road, has spaces available from 1,600 sq.ft. to 75,236 sq.ft. United Arts & Education, Arrow Wine & Spirits and South Beach Club anchor the center. Cotenants include The Cranberry Cupboard, Frablez, Bahn Mai Thai Cafe, Golden City Ballroom, Bridal-NTux, Tina’s Creations, Net X, Kumon Math & Reading Center, Trio’s Salon and Subway. Area demographics include a population of 150,257 within five miles earning $81,185 as the average household income. The average daily traffic count is 28,000 vehicles. Fairview Park – Fairview Centre, a 180,039 sq.ft. strip center situated on 17.47 acres at the intersection of Lorain Road/State Route 10 and West 220th Street, has spaces available from 925 sq.ft. to 15,888 sq.ft. Giant Eagle, Extreme Laser Tag and Key Bank anchor the center. Cotenants include Options Salon &
North Cincinnati – Deerfield Towne Center, located at the intersection of MasonMontgomery Road and Irwin Simpson Road, has space available. buybuy Baby, Bed Bath & Beyond, Whole Foods Market and Dick’s Sporting Goods anchor the center. Cotenants include Talbots, Ulta, Ann Taylor Loft, New York & Co., Coldwater Creek, Arhaus Furniture and White House|Black Market. Area demographics include a population of 357,756 within 10 miles earning $87,844 as the average household income. For details, contact Emily Bevis, Jeffrey R. Anderson Real Estate, Inc., 3805 Edwards Road, Suite 700, Cincinnati, OH 45209; 513-241-5800, Fax 513-241-2637; Email: ebevis@anderson-realestate.com.
Pennsylvania Chambersburg – A 102,439 sq.ft. center located along Lincoln Way East has a 21,893 sq.ft. space available. Cotenants include Rice Bowl, Just Cabinets, Hobby Lobby, Arby’s and AT&T Mobility. Area retail includes Walmart Supercenter. Area demographics include a population of 83,677 within 10 miles earning $61,043 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. East Norriton – A 5,500 sq.ft. pad site situated on 0.77 acres along East Germantown Pike is available. Area retail includes AT&T Mobility, Arby’s, Boston Market, Wells Fargo Bank, Taco Bell, Wendy’s, Jiffy Lube and Firestone. Area demographics include a population of 176,609 within five miles earning $90,037 as the average household income. The average daily traffic count is 23,118 vehicles. Easton – Forks Towne Center, a 100,358 sq.ft. center located along www.dealmakers.net
The
Smithville – The Forum Shops has a 2,557 sq.ft. space available. Walmart shadowanchors the center. The average daily traffic count is 14,020 vehicles. For details, contact John Tennant or Taylor Kiewit, Franklin Street Real Estate Services, 3525 Piedmont Road, Building 8, Suite 420, Atlanta, GA 30305; 404-832-8996 or 404845-7475, Fax 404-842-1755; Web site: www.fsfp.com.
Texas El Paso – Zaragosa Village, located at the intersection of Zaragosa Road and North Loop, has a 1,200 sq.ft. space available. Pro’s Ranch Markets anchor the center and cotenants include Family Dollar, Melrose, Fallas, Kool Smiles, Picara, JJ’s Goditas, KFC, McDonald’s and Pizza Hut. Area demographics include a population of 193,585 within five miles earning $48,854 as the average household income. The average daily traffic count is 49,801 vehicles. The asking monthly rent is $2,000 with CAM and taxes of $2.50 psf. Also, Sunland Square, located along Sunland Park has an
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850 sq.ft. space available. Pet’s Barn anchors the center and cotenants include Nothing But Noodles, Quiznos, Beauty Market, Grammy’s Daycare, Popular Mattress and Whataburger. Area demographics include a population of 137,376 within five miles earning $55,072 as the average household income. The average daily traffic count is 23,548 vehicles. The asking monthly rent is $1,350 with CAM and taxes of $2.85 psf. Also, a center located along George Dieter Drive has a 27,000 sq.ft. pad site available. Cotenants include Goodwill Industries and Big Lots. Area retail includes McDonald’s. Area demographics include a population of 264,687 within five miles earning $46,429 as the average household income. The average daily traffic count is 43,170 vehicles. For details, contact Michael Pace or Scott Walker, MIMCO, Inc.; 915-342-1203/1204; Emails: swalker@mimcoelp.com and mpace@mimcoelp.com. For additional information regarding Zaragosa Village, contact JP Rindt or Avi Kotkowski; 915342-1205/1208; Emails: jrindt@mimcoelp.com and akotkowski@mimcoelp.com; Web
Texas
Wisconsin
site: www.mimcoinc.com. For additional information regarding Sunland Square, contact JP Rindt.
Market anchors the center and cotenants include Sal’s Pizza, Kai Chen Restaurante and Hilldale Liquor. Area retail includes Taco Bell, McDonald’s, Kmart, Culvers and Walgreens. Area demographics include a population of 26,085 within five miles earning $63,447 as the median household income. The average daily traffic count is 22,300 vehicles. Muskego – Muskego Plaza, a 24,500 sq.ft. center located along Janesville Road, has a 900 sq.ft. space available. Pick ‘N Save shadow-anchors the center and cotenants include Preferred Fitness, Subway, Papa Murphy’s, Great Clips, Sun Rayz and The UPS Store. Area retail includes Pizza Hut, Arby’s, North Shore Bank, U.S. Bank and PNC Bank. Area demographics include a population of 58,426 within five miles earning $85,807 as the median household income. The average daily traffic count is 17,300 vehicles. For details, contact Jay Fisher, Simon Konover Development Corp.; 860-5702000; Email: jfisher@simonkonover.com. Or Matt Stamborski, Outlook Development Group; 414-435-0260 Ext. 13; Email: matt@outlookdev.com. DM
Vermont Brattleboro – A 131,503 sq.ft. center located along Putney Road has a 1,600 sq.ft. space available along with a pad site. Home Depot anchors the center and cotenants include Citizen’s Bank, Home Depot, Chun Yan Chinese, GNC, Hannaford, Rite Aid and Baker’s Hallmark. Area demographics include a population of 33,151 within 10 miles earning $64,257 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.
Wisconsin Hartford – Hilldale Plaza, a 61,900 sq.ft. center located along East Summer Street/ Highway 60, has spaces available of 5,500 sq.ft. and 5,816 sq.ft. Reuben’s County
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Leasing & Management
Size # of Available Center (in acres) State City Outlots 1 Outlot 1.13 Conway Commons AR Conway 20 Outlots 0.75-20.0 Prairie Center CO Brighton 9 Outlots 0.90-21.2 Firestone City Centre CO Firestone 9 Outlots 0.62-1.70 Lakeside Center CO Lakeside 4 Outlots 1.00-4.00 River Landing CO Montrose 1 Outlot 0.58 Carlyle Plaza IL Belleville 7 Outlots 1.21-3.47 Granite Park IL Granite City 7 Outlots 1.05-1.59 Davenport Commons IA Davenport 2 Outlots 0.97-13.97 Shoppes at 53rd and Elmore IA Davenport 4 Outlots 1.13-2.15 Kimberly Commons IA Davenport 4 Outlots 0.50-1.25 Westshore Plaza MI Muskegon 1 Outlot 1.92 Arnold Commons MO Arnold 1 Outlot 3.05 Chesterfield Commons 4 MO Chesterfield 2 Outlots 2.13-2.81 Chesterfield Commons 6 MO Chesterfield 2 Outlots 2.00-4.70 Chesterfield Commons 7 MO Chesterfield 4 Outlots 1.28-2.50 Grindstone Plaza MO Columbia 2 Outlots 0.78-2.20 Red Oak Plaza MO Columbia 2 Outlots 1.42-2.06 River Bend Plaza MO Hannibal 7 Outlots 1.07-2.30 High Ridge MO High Ridge 2 Outlots 0.62-1.41 Wentzville Crossroads West MO Wentzville 1 Outlot 2.50 Wentzville Crossroads North MO Wentzville 2 Outlots 1.00-2.70 Wentzville Crossroads South MO Wentzville For More Information 3 Outlots 0.86-1.09 Cicero Market NY Cicero 4 Outlots 1.01-1.54 Massillon Marketplace OH Massillon on Outlot 1 Outlot 0.60 St. Clairsville Ohio Valley Plaza OH Opportunities, 1 Outlot 3.87 Owasso Market OK Tulsa Please Contact: 2 Outlots 0.60 Chippewa Towne Center PA Beaver Falls Eddie Cherry 1 Outlot 2.91 Hazle Marketplace PA Hazleton 1 Outlot 9.00 Hempfield Plaza 314.264.9467 PA Greensburg 4 Outlots 1.74-2.64 Smithfield Towne Center PA Huntingdon echerry@thfrealty.com 1 Outlot 1.40 Southtowne Plaza PA Indiana 2 Outlots 0.96-1.26 Summit Plaza PA Somerset 1 Outlot 0.60 Union Square PA New Castle 2 Outlots 0.50-1.00 York Mall PA York 10 Outlots 1.27-4.98 Black Hills Center SD Rapid City 2 Outlots 1.10-1.12 Nitro Marketplace WV Cross Lanes 2 Outlots 0.67-0.80 The Shops at Trace Fork WV Charleston 2127 Innerbelt Business Center Drive • Suite 200 • St. Louis, MO 63114 • 314.429.0900 • 800.486.7589
Create Your Next Opportunity Connect with DLC to learn about these featured leasing availabilites and others in our Midwest portfolio!
West River Centre
DeKalb, IL
Farmington Hills, MI
1,325 SF - 9,882 SF Available
1,000 SF - 75,328 SF Available
Join Carson Pirie Scott, JCPenney, Bed Bath & Beyond & Ross Dress For Less.
Join Target, Office Max, Dunham Sports & Dollar Tree.
GameStop
Northland Plaza
2,750 SF + 3,600 SF Out Parcel Available
2011 Population: (3 mi) 48,383 | Avg. Income: (3 mi) $68,612
2011 Population: (3 mi) 80,542 | Avg. Income: (3 mi) $75,510
Northern Lights Shopping Center
University Park
Baltimore, MD
Clive, IA
750 SF - 3,500; 25,211; 70,000 SF Available
1,500 SF - 6,900 SF Available
Join Kroger, Shoppers World Sears, & Family Dollar.
Join Toys ‘R’ US, Babies ‘R’ Us, Pier1 Jo-Ann Fabrics & David’s Bridal.
2011 Population: (3 mi) 125,283 | Avg. Income: (3 mi) $49,679
2011 Population: (3 mi) 40,074 | Avg. Income: (3 mi) $117,024
119 Shopping Centers : 33 States : 16.7 Million SF Midwest Office : 1315 W. 22nd Street : Oak Brook, IL : 630.571.6450 : dlcmgmt.com