Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. X
March 12, 2010
Home-Related Chains Expand Nationwide Rommel Holdings, Inc. trades as Rommel’s Ace Hardware Home Center at 11 locations throughout DE, MD and VA. The home improvement centers occupy spaces of 9,000 sq.ft. to 12,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include drug and grocery stores. Preferred demographics include a population of 30,000 within four miles earning $50,000 as the average household income. Major competitors include Home Depot and Lowe’s Home Improvement. For more information, contact Dick Livingston, Rommel Holdings, Inc., PO Box 310, Fruitland, MD 21826; 410-749-3600, Fax 410-7493193; Email: dlivingston@rhinc.net; Web site: www.rommelsace.com. Brock White Co., LLC trades as Brock White at 22 locations throughout MN, ND, SD and WI in addition to Canada. The home improvement centers, offering hand tools, paint, concrete, insulation, waterproofing materials, masonry and landscaping accessories, occupy spaces of 5,000 sq.ft. to 120,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Rick Garland, Brock White Co., LLC, 2575 Kasota Avenue, St. Paul, MN 55108; 651-647-0950, Fax 651-6470403; Web site: www.brockwhite.com.
W.E. Aubuchon Co., Inc. trades as Aubuchon Hardware at 130 locations throughout CT, MA, ME, NH, upstate NY and VT. The hardware stores occupy spaces of 8,000 sq.ft. to 9,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout suburban areas of the existing markets during the coming 18 months. Typical leases run 10 years with three, five-year options. Preferred cotenants include restaurants and dry cleaners. Major competitors include Ace Hardware and big box retailers. A land area of 1.2 acres is required for freestanding locations. For more information, contact Gregory Moran, W.E. Aubuchon Co., Inc., 95 Aubuchon Drive, Westminster, MA 01473; 978-874-0521, Fax 978-874-2096; Email: gmoran@aubuchon.com; Web site: www.aubuchonhardware.com. Builders Discount Centers, Inc. trades as Builders Discount Center at 11 locations throughout NC and VA. The centers, offering building materials, occupy spaces of 60,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets and SC during the coming 18 months. The company prefers to acquire sites. For more information, contact Glenn Perry, Builders Discount Centers, Inc., 1261 South Wesleyan Boulevard, Rocky Mount, NC 278034504; 252-442-2674, Fax 252-442-8059; Email: bdcgp@suddenlinkmail.com; Web site: www.buildersdiscount.net. (continued on page nine)
This issue contains information on:
* Retailers operating 53,801 locations with plans to open 4,917 sites * Real estate valued in excess of $445.1 million to be bought, sold & financed * Leasing activity on over 8.336 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Conference on Open Air Centers New Construction Greenberg Gibbons is preleasing a one million sq.ft. mixed-use project in Gambrills, MD....................... Pg. 3 Openings Dunkin’ Donuts plans to open locations in Mobile, AL and Pensacola, FL.......................... Pg. 4 New York & Co. will open as many as 25 outlet stores......... Pg. 8 Buyers & Sellers TLM Investments looks to acquire single-tenant properties nationwide............................. Pg. 5 Turn Key Commercial is selling a 100,000 sq.ft. center at an 11.8% Cap Rate..................... Pg. 9 Food Retailers Expand Chipotle looks to expand throughout IN, KY, MI, OH and PA................................... Pg. 6 Lease Signings NewMark Merrill signed a lease with Fresh & Easy Neighborhood Market for space in El Cajon, CA............. Pg. 7 In The News Cassidy Turley was formed from the merger of seven brokerage firms nationwide.... Pg. 7 Sources of Financing Penstar Realty Advisors provides non-recourse financing for properties nationwide................ Pg. 8 Exclusives Denenberg Realty Advisors represents a number of retailers throughout select New England markets................................... Pg. 8 Lead Sheet Equinox looks to open fitness centers throughout CA, CT, FL, IL, MA, NY and TX................. Pg. 13 Cavender’s Boot City plans to enter the AZ, CO and MO markets........ Pg. 14 Space Place............................ Pg. 16
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