Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XI
March 15, 2013
FEATURING Apparel Chains Expand Nationwide Forman Mills Inc. trades as Forman Mills at 30 locations throughout DE, IL, MD, MI, NJ, NY, OH, PA and Washington, DC. The stores, offering discounted family apparel, occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations, strip centers and urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Department of Real Estate, Forman Mills Inc., 1070 Thomas Busch Memorial Highway, Pennsauken, NJ 08110; 856-486-1447, Fax 856-488-9641; Web site: www.formanmills.com. Formal Specialists, Ltd. trades as Al’s Formal Wear at 100 locations throughout AR, CO, LA, MS, OK and TX. The stores, offering tuxedos and men’s formal wear, occupy spaces of 900 sq.ft. to 1,500 sq.ft. in malls and power centers. Growth opportunities are sought throughout AR, CO, LA, MS, OK and TX during the coming 18 months. Typical leases run five years with options. Preferred demographics include a population of 125,000 within five miles earning $50,000 as the median household income. Typical customers are males ages 18 to 34 years. For more information, contact Ellis Rushefsky, Formal Specialists, Ltd., 7807 Main Street, Houston, TX 77030; 713-796-7006, Fax 713796-7123; Email: ellis.rushefsky@alsformalwear.com; Web site: www.alsformalwear.com.
Name Brands, Inc. trades as Half of Half – Name Brand Clothing at 20 locations throughout AR, KS, MO, MS, NE, OK, TN and TX. The stores, offering discounted name brand apparel, occupy spaces of 12,000 sq.ft. to 30,000 sq.ft. in freestanding locations, strip and value centers. Growth opportunities are sought throughout Kansas City, KS and Dallas, TX during the coming 18 months. Typical leases run three to five years. A vanilla shell is required. Preferred cotenants include Target and T.J. Maxx. Preferred demographics include a population of 100,000 within five miles earning $35,000 as the average household income. For more information, contact Jim Breece, Name Brands, Inc., 7215 South Memorial Drive, Tulsa, OK 74133; 918-307-0284, Fax 918-3070294; Web site: www.halfofhalf.com. Deb Shops SDP, Inc., trades as Deb at 305 locations nationwide, excluding AK, CA, FL, GA, HI, MS and NV. The stores, offering juniors and women’s apparel in sizes from 0 to 26, along with footwear and accessories, occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in malls, outlet and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact John DeAngelis, Deb Shops SDP, Inc., 9401 Blue Grass Road, Philadelphia, PA 19114; 215-676-6000, Fax 215698-8664; Web site: www.debshops.com. (continued on page six)
This issue contains information on: • Retailers operating 21,798 locations with plans to open 1,856 sites • Real estate valued in excess of $128 million to be bought, sold & financed • Leasing activity on over 3.17 million sq.ft. of retail properties s New rtantpedite o p x Im se E Plea
Postmaster: Periodical
icsc monterey idea exchange icsc gulf south idea exchange New Construction 5th Street Station in Charlottesville, VA to open next year............................................ Pg. 4 Buyers & Sellers Phillips Edison acquires Publix center in Atlanta......................... Pg. 5 Who’s Opening & Where Von Maur to enter OK next year Pg. 6 Food Chains Expand Brothers Bar & Grill to enter seven states................................ Pg. 7 Making The News Urstadt Biddle Properties expands its acquisition team....... Pg. 8 Sources of Financing Marcus & Millichap arranges shopping center loan.................. Pg. 8 Lease Signings Midland Atlantic Properties inks deals throughout IN.................... Pg. 8 Lead Sheet The Learning Experience to enter TN.............................................. Pg. 9 Big Lots hot on upstate NY......... Pg. 11 Famous Footwear expects to open 55 stores............................ Pg. 11 Lifeway Christian Stores plans up to eight openings........................ Pg. 12 Exclusives Venture Commercial reps Massage Envy in select TX markets....................................... Pg. 13 Space Place................................ Pg. 14