Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XI
March 18, 2011
Apparel Chains Expand Nationwide Maurices operates 758 locations nationwide throughout 44 states. The stores, offering women’s apparel, occupy spaces of 5,000 sq.ft. in power centers. Growth opportunities are sought throughout NH, western MA, ME and VT during the coming 18 months, with representation by National Commercial Brokers, Inc. Preferred cotenants include big box anchors and other apparel retailers. The company will also consider locations in small markets and metro fringe areas and prefers site submittals to be sent via mail or email. For more information, contact Ed Gerwig, National Commercial Brokers, Inc., 75 Second Avenue, Suite 315; Needham, MA 02494; Email: ed@nationalcommercial.com; Web site: www.maurices.com. Fallas Paredes operates more than 200 locations throughout AZ, CA, NM, NV and TX. The stores, offering discount apparel, occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in value centers. Growth opportunities are sought throughout Orange, Riverside and San Bernardino counties in CA during the coming 18 months, with representation by Strategic Retail Advisors. Typical leases run 30 years. A vanilla shell and specific improvements are required. Major competitors include Dee’s Dee’s Discounts. For more information, contact Jeff Reenders, Strategic Retail Advisors, 3990 Westerly Place, Suite 230, Newport Beach, CA 92660; 949640-6678 Ext. 15, 949-640-8088; Email: jeff@strategicretailadvisor.com; Web site: www.strategicretailadvisor.com.
Liz Claiborne, Inc. trades as Lucky Brand Jeans, Juicy Couture and Kate Spade at more than 220 locations throughout AZ, CA, CO, FL, IL, MA, NJ, NV, NY, PA, SC, TX, UT, VA and Washington, DC. The apparel stores occupy spaces of 1,800 sq.ft. to 4,000 sq.ft. in malls and lifestyle centers. Growth opportunities are sought along the eastern and western coasts of the U.S. during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include Bloomingdale’s, Neiman Marcus, Nordstrom and Saks Fifth Avenue. Preferred demographics include a population of 500,000 within 10 miles earning $75,000 as the average household income. For more information, contact Brian Dwan, Liz Claiborne, Inc., 3340 Leonis Boulevard, Vernon, CA 90058; 323-282-4100. Kaye-Louise Shops operates one location in FL, offering an upscale line of women’s apparel and accessories. The company prefers to occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout southern FL during the coming 18 months. Preferred cotenants include high-end retailers. The company will only consider sites in affluent markets, and will not consider grocery-anchored centers. For more information, contact Hank Dvoor, Kaye-Louise Shops, 2200 Glades Road, Boca Raton, FL 33431; 561-750-5155, Fax 561-750-1945. (continued on page nine)
This issue contains information on:
* Retailers operating 34,864 locations with plans to open 2,580 sites * Real estate valued in excess of $274.7 million to be bought, sold & financed * Leasing activity on over 7.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Monterey Idea Exchange New Construction Property Development Centers is developing a 303,700 sq.ft. center in Oakland, CA........... Pg. 3 Observations & Conversations Pg. 4 Buyers and Sellers Flynn Properties looks to acquire malls and power and strip centers throughout the northeastern U.S.................... Pg. 5 Openings Safeway to open stores throughout the Bay area of CA......................................... Pg. 6 Food Retailers Expand Erik’s DeliCafe to open locations throughout northern CA......................................... Pg. 7 Lease Signings Robert K. Futterman & Associates negotiated a lease with Intermix in Manhattan, NY........................................ Pg. 8 In the News Scott P. Lifschultz formed SPL Realty Partners....................... Pg. 8 Sources of Financing BMC Capital provides financing for retail, office, industrial and self-storage properties.............................. Pg. 9 Exclusives Strategic Retail Advisors represents Dollar Tree throughout Orange County and the San Gabriel Valley area of CA............................. Pg. 10 Lead Sheet Journey Kidz to open stores nationwide............................ Pg. 14 Calico Corners seeking locations nationwide ............ Pg. 14 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: monterey2011
New Construction Greenberg Gibbons, in a joint venture with Somera Capital Management and AEW Capital Management, is redeveloping Laurel Mall, a 650,000 sq.ft. mall located along Route 1 in Laurel, MD, into a mixeduse center featuring retail, entertainment, restaurant and residential components. Macy’s and Burlington Coat Factory anchor the center. For more information, contact Greenberg Gibbons Commercial, 10096 Red Run Boulevard, Suite 100, Owings Mills, MD 21117; 410-559-2500; Web site: www.ggcommercial.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.
Stoltz is developing Barley Mill Plaza, a 1.5-million sq.ft. lifestyle center situated on 100 acres at the intersection of Route 141/Centre Road and Route 48/Lancaster Turnpike in Wilmington, DE. The project includes a 301,400 sq.ft. retail and restaurant component and a 1.198-million sq.ft. office component. Area retail includes Concord Mall and Christiana Mall. Area demographics include a population of 65,105 within five miles earning $113,341 as the average household income. The average daily traffic count is 55,485 vehicles. The company is also redeveloping East Norriton Shopping Center, a 120,704 sq.ft. center located at the intersection of Route 202 and Germantown Pike in East Norriton, PA. A divisible space of 6,457 sq.ft. is available along with a 7,884 sq.ft. freestanding building. Genuardi’s Food Market and Staples anchor the center. Cotenants include Citizens Bank, Hallmark and Sally Beauty Supply. Area demographics include a population of 78,006 within three miles earning $84,209 as the average household income. The average daily traffic count is 54,000 vehicles. The company is also developing The Shops at Cheyenne, a 180,000 sq.ft. project located at the intersection of Cheyenne Avenue and Clayton Street in North Las Vegas, NV. Spaces from 4,000 sq.ft. to 80,000 sq.ft. are available. Area demographics include a population of 141,015 within three miles earning $55,394 as the average household income. The average daily traffic count is 36,000 vehicles. For more information regarding the Wilmington and North Las Vegas properties, contact Joseph S. Soussana, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 202, Fax 610-617-6256; Email: jsoussana@stoltzusa.com; Web site: www.stoltzusa.com. For more information regarding the East Norriton property, contact Gloria Mercado; 888-7773557 Ext. 155; Email: gmercado@stoltzusa.com. Konover South is developing Park View Commons, a 92,600 sq.ft. center located at the intersection of State Road 464/ Maricamp Road and Southeast 24th Street in Ocala, FL. Space is available along with outlots. Publix will anchor the center and cotenants include Luxury Nails & Spa, Ace Hardware, Miyako Japanese Steakhouse, Zhang Garden Chinese and Hair Cuttery. The center is slated to open during November. For more information, contact Michael Fetherston, Konover South; 954-354-8282 or 877-688-3888; Email: mfetherston@konoversouth.com; Web site: www.konoversouth.com. www.dealmakers.net
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The Feil Organization is preleasing Carrollton Plaza, a project situated on 20 acres at the intersection of South Carrollton Avenue and Palmetto Street in New Orleans, LA. A divisible space of 90,000 sq.ft. is available along with bank, restaurant and small shop spaces. The company is also redeveloping East Lake Shopping Center, a project situated on 20 acres at the intersection of North Interstate 10 Service Road and Read Boulevard in New Orleans, LA. Space is available for ground lease, build-to-suit or sale. Area retail includes Lake Forest Shopping Center and Lowe’s Home Improvement. For more information, contact Glen Wilson or Brian K. Suiter, The Feil Organization, Seven Penn Plaza, NY 10001; 504-8358000; Emails: gwilson@feilorg.com and bsuiter@feilorg.com; Web site: www.feilorg.com. The Signorelli Co. is developing Valley Ranch Town Center, a one-million sq.ft. project located at the intersection of Highway 59 and Grand Parkway in Porter, TX. Construction on the project is slated to begin next year. For more information, contact Danny Signorelli, The Signorelli Co., 235 Interstate 45 North, Conroe, TX 77304; 936-441-4505, Fax 936-539-1968; Email: info@signorellicompany.com; Web site: www.signorellicompany.com. CB Richard Ellis|Grossman Retail Advisors is preleasing The New Quincy Center, a 2.7-million sq.ft. mixed-use project located in Quincy, MA. The project will feature a 571,280 sq.ft. retail component, a 735-unit residential component, a 1.014-million sq.ft. office component, a medical component and a 281-unit hospitality component. Area demographics include a population of 262,492 within five miles earning $75,000 as the average household income. For more information, contact Howard Grossman, Jeremy Grossman, Kevin Higgins or John Ferris, CB Richard Ellis|Grossman Retail Advisors, 33 Arch Street, 30th Floor, Boston, MA 02110; 617-912-6861/6875/6871; Emails: howard.grossman@cbre-gra.com, jeremy.grossman@cbre-gra.com, kevin.higgins@cbre-gra.com and john.ferris@cbre-gra.com; Web site: www.cbre-gra.com. Property Development Centers is developing Rockridge Center, a 303,700 sq.ft. project situated on 15.4 acres in Oakland, CA. The project is slated to open next year. For more information, contact Jon Anderson, Property Development Centers; 925-738-1205; Email: D M jon.anderson@pdcenters.com.
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Observations & Conversations The good news is that I’m hearing about lots of retailers looking to open more stores. Hello, Monterey! This issue is being distributed at the ICSC Dealmaking, and my hunch is that this will be a decent show in spite of major budget busting in California’s public sector. I read several articles about how redevelopment agencies throughout the state are being walloped big-time, and I heard about a few that will most likely be disbanded because of budget cuts. However, the good news is that I’m also hearing about lots of retailers looking to open more stores in the market, and better yet, several chains with expectations of entering the state in the next year or so. The chains that I hear are looking to do more deals in California run the gamut from grocery stores to “docs in a box.” Some of the notable chains looking to continue expansion in the state include Big 5 Sporting Goods, Family Dollar, Safeway, Half Price Books, Habit Burger Grill, Sprouts Farmers Market and Doctors Express. Big 5 Sporting Goods has historically been methodical about growth, so they probably won’t be opening a slew of new stores, but any new growth is good. Family Dollar, well, they might get mired in fighting a takeover war, so I’m not so sure what will actually happen with their immediate growth plans. However, in recent months the discounter has been pretty aggressive in California. Half Price Books recently opened its fourth store in the state, and my gut is that with Borders biting the dust their future growth will be substantial there. The Habit Burger Grill is also opening locations; the chain now operates about 40 quick-serve casual burger joints throughout the state. Sprouts is hot and heavy for expansion opportunities in the northern part of California, and they’ll probably be butting heads with Safeway in their quest for new sites. Doctors Express has about 35 franchised units offering urgent medical care in a retail setting, and the concept is expected to grow by another 40 units this year, with California targeted for expansion. The Maryland-based franchise recently opened several locations in southern California. New concepts coming to the state include Original BUBBA Burger Grill and Freebirds World Burrito. BUBBA Burgers, if you haven’t tried them, are among the best-quality frozen burgers from the grocery aisle that I’ve ever tasted, and the company is transitioning from a wholesaler to a retailer with four corporate-owned locations slated to open this year in Florida, followed by a national rollout and expectations of operating a 100-unit chain within three years. Freebirds World Burrito, although the chain started in California, has been primarily based in Texas, but now the casual Mexican concept is growing in Ventura County and has plans for five units in California. Not only are retailers putting up capital for new stores in the state, I’m also hearing of a number of developers that are upgrading and remodeling their shopping centers in California. Even though the cost of real estate is sky-high compared to the rest of the country, I’m also hearing that centers are getting sold, and not with distressed pricing. It’s not all wine and roses, though: Borders has 35 stores closing in page 4
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the state, and yes, I have heard of several centers in California going into foreclosure, but that’s the case coast-to-coast now, and it doesn’t necessary reflect a weakness in the region – more likely a weak retailer finally throwing in the towel or a lender-to-borrower showdown. So, although the state has some budget and unemployment issues, there are positive signs in the retail real estate sector. California seems to be pushing through to a recovery. Unfortunately, I won’t be able to make the Monterey show this year; instead of seeing old friends and making new ones, I’ll be sitting in court. I’m POed about not being able to make the show, but liars and thieves have to be dealt with on the East Coast. In my almost 50 years of existence and 30 years in business I’ve never been involved in a lawsuit, and hopefully this will be the last time, because it’s not fun and it’s not even over a lot of money. The only consolation is that I don’t have to pay the legal fee or the forensic accounting, but everything else about it sucks royally. I know some folks in our business who are constantly in litigation; it seems like almost every transaction they do involves a lawsuit. Man, I wouldn’t operate like that on a routine basis to save my life. Mishegas is not my destination of choice. I try to distance myself from gossipmongers, liars and thieves; life is too short for BS, but when a lowlife crosses the line there’s no choice but to call them out. Luckily, I’m very discriminating about my friends and clients, so I don’t get disappointed or blindsided often. As in life, our industry has bad guys and good guys, idiots and icons, wannabes and winners. I’m aiming for the latter on all of the above. Enough venting; I’m sure you’ve encountered the same nonsense, too. Here’s a bad transition – the mid-Atlantic show in Baltimore a few weeks ago was good! It was described as “much better than the past few years” in the way of mood, deal potential and attendance. My hunch is that this will be the trend for most of the upcoming ICSC shows, and that this year’s convention in Vegas will be better than the past few. I’ve noticed a huge surge of developers and brokerage firms hiring in their acquisition, development and leasing departments within the past few months. We’re going to see new company names on the badges at this year’s convention, which will be energizing, and maybe we’ll really start to feel like business is getting better. Make sure you let us know about any new listings or exclusive tenant rep assignments you take on, or if you have acquisition needs or new store location needs. Just email me at ann@dealmakers.net and I’ll make sure one of our editors gets the info. I have to wrap it up, so stop by and see Alyson in Monterey, and make sure you send me anything you want publicized, especially for the convention issues that will be distributed at the Retailer One-On-One in Florida during April and at the ICSC Convention in Las Vegas during May. Wishing I was in Monterey! Make sure you find us at the Retailer-One-on-One and at the ICSC Convention; we’ll have tons of great leads. Thanks for reading, and here’s to making more deals!
www.dealmakers.net
Ann O’Neal, Publisher
Buyers and Sellers The Silver Group negotiated the sale of an 8,919 sq.ft. National Tire & Battery situated on 1.38 acres at Alabaster Promenade, located at the intersection of Highway 31 and Colonial Promenade Parkway in Alabaster, AL. At the time of sale, the tenant was bound to a 25-year NNN lease. The company represented both the buyer and the seller in the transaction. The company also negotiated the sale of the ground lease to a 4,000 sq.ft. Wells Fargo bank situated on a land area of 31,000 sq.ft. at the intersection of Highway 59 and Bellaire Boulevard in Houston, TX. The company represented the seller, Sharpstown Partners, in the transaction. For more information, contact Barry Silver, The Silver Group; 415-4610600, Fax 415-467-4940; Web site: www.thesilver-group.com. Home and Hearth Real Estate, on behalf of clients, looks to acquire net-leased singletenant freestanding locations, as well as malls and power and strip centers, located throughout the northeastern region of the U.S. Suitable properties are 90% occupied and priced between $3 million and $100 million with a Cap rate of 9%. For more information, contact Henrietta L. Adler, Home and Hearth Real Estate, 230 Merrick Road, Oceanside, NY 11572; 516-536-2200, Fax 516-594-8619; Email: henriettaadler@yahoo.com; Web site: www.homeandhearthre.com. The Boulder Group negotiated the $5.909 million sale of a 14,490 sq.ft. Walgreens situated on 1.18 acres in St. Paul, MN. At the time of sale, the tenant was bound to a long-term NNN lease. The company represented the buyer in the transaction. For more information, contact Randy Blankstein or Jimmy Goodman, The Boulder Group, 666 Dundee Road, Northbrook, IL 60062; 847-562-0003/8500; Emails: randy@bouldergroup.com and jimmy@bouldergroup.com; Web site: www.bouldergroup.com. Mid-America Real Estate – Michigan, Inc. negotiated the sale of a 4,700 sq.ft. space located along Telegraph Road in Bloomfield Township, MI. Bataan, LLC acquired the property. The company represented the seller in the transaction. For more information, contact Tony Schmitt, Mid-America Real Estate- Michigan, Inc., 6230 Orchard Lake Road, Suite 230, West Bloomfield, MI 48322; 248855-6800, Fax 248-406-0560; Web site: www.midamericagrp.com.
Hunington Properties, Inc. is selling a 6,800 sq.ft. strip center located in Sanford, FL. The center is 100% occupied and anchored by Mattress Firm. The NOI is $210,700. The asking price is $2.34 million with a Cap rate of 9%. The company is also looking to acquire net-leased, single-tenant freestanding properties, as well as strip and power centers, throughout TX. Suitable properties are priced between $500,000 and $10 million. For more information, contact Todd A. Carlson, Hunington Properties, Inc., 109 North Post Oak Lane, Suite 550, Houston, TX 77024; 713-623-6944, Fax 713-963-9329; Email: todd@aroncompanies.com; Web site: www.hpiproperties.com. Oxford Real Estate Services Group is selling a divisible 1.8-acre parcel located along Newington Road in West Hartford, CT. Area retail includes Super Stop & Shop. The asking price is $1.2 million. For more information, contact Michael Berke, Oxford Real Estate Services Group, 388 East Main Street, Branford, CT 06443; 203-483-2900, Fax 203-483-2999; Email: oxfordre@aol.com. Flynn Properties looks to acquire groceryanchored malls and power and strip centers located throughout the northeastern region of the U.S. Suitable properties are between 25,000 sq.ft. and 250,000 sq.ft. and are priced between $2 million and $25 million. For more information, contact David Flynn, Flynn Properties, 28 North Main Street, West Hartford, CT 06107; 860-508-4600; Email: flynn@flynndevelopment.com; Web site: www.flynndevelopment.com. Smullin & Associates looks to acquire netleased, single-tenant freestanding properties. Suitable properties feature investment-grade tenants bound to leases with a minimum of 15 years remaining on the term and are priced above $7 million with a Cap rate above 8%. For more information, contact Steven J. Smullin, Smullin & Associates; 708807-8300, Fax 888-869-9329; Email: steve@solutions88.com. World Group Commercial Real Estate is selling a 5,790 sq.ft. Eddy’s Convenience Store situated on 1.09 acres along Giles Road in La Vista, NE. Area retail includes Val Verde Shopping Center. For more information, contact Trenton B. Magid or Nancy Klauschie, World Group Commercial Real Estate, 780 North 114th Street, Omaha, NE 68154; 402510-5263 or 402-578-2463; Web site: www.worldgroupllc.com. www.dealmakers.net
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4612 Veterans Boulevard, LLC is selling two buildings of 1,600 sq.ft. and 1,800 sq.ft. situated on a land area of 29,000 sq.ft. along Veterans Boulevard in Metairie, LA. The buildings are 100% occupied. The NOI is $118,000. The asking price is $1.95 million. For more information, contact Jude Cockfield, 4612 Veterans Boulevard, LLC, 5413 Veterans Boulevard, Metairie, LA 70003; 504-485-3743; Email: jude@treehousetrading.com. Franklin Street Real Estate Services is selling Talladega Plaza, a 43,534 sq.ft. center located along East Battle Road in Talladega, AL. The asking price is $1.8 million with a Cap rate of 8.98%. For more information, contact Sean Attaway Molloy, Franklin Street Real Estate Services, 3525 Piedmont Road Northeast, Building 8, Suite 420, Atlanta, GA 30305; 404-832-1250, Fax 678-669-2412; Email: sean.molloy@franklinstreetfinancial.com; Web site: www.franklinstreetfinancial.com. Tailwinds Development negotiated the sale of Beach Village, a 63,600 sq.ft. center located in Flagler Beach, FL. At the time of sale, Publix anchored the center. The company, with LaBorwit Development & Finance Group, Inc., represented the buyer, RED Development, LLC, in the transaction. For more information, contact Jim Gendreau, Tailwinds Development, LLC, 1251 Miller Avenue, Suite A, Winter Park, FL 32789; 407-721-6051, Fax 407-599-0550; Web site: www.tailwindsdevelopment.com. Sperry Van Ness|The Kase Group is selling a net-leased Urban Outfitters located in Walnut Creek, CA. Area retail includes Apple, Tiffany & Co., Macy’s, Nordstrom and Neiman Marcus. For more information, contact Kase Abusharkh or Jacob Abusharkh, Sperry Van Ness|The Kase Group, 252 Abigail Circle, Danville, CA 94506; Web site: www.thekasegroup.com. Capital Retail Group is looking to acquire net-leased, single-tenant freestanding retail properties, as well as malls and power and strip centers, located throughout Washington, DC. Suitable properties are situated on 0.5 acres and priced above $1 million. For more information, contact Robert Tack, Capital Retail Group, 1401 14th Street Northwest, 3rd Floor, Washington, DC 20005; 202-319-2884; Email: robert@capitalretailgroup.com; Web site: D M www.capitalretailgroup.com.
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Who’s Opening and Where Safeway, Inc. (925-467-3000) plans to open nine Safeway stores throughout the western region of the U.S., including six throughout the Bay area of CA. Planned openings include a 55,000 sq.ft. store in a former Mervyns along West Hamilton Avenue in Campbell, CA, as well as the demolition and reconstruction of two existing Safeway stores into a 42,000 sq.ft. market in Los Gatos, CA and a 52,000 sq.ft. store in Burlingame, CA. The company will also open a 58,000 sq.ft. store in Pleasanton, a 69,000 sq.ft. location in a former Target along San Pablo Avenue near Blake Street in El Cerrito and a 40,000 sq.ft. location in a former PW Market along East Castro Valley Boulevard near Chaparral Lane in Castro Valley. The company is also considering potential locations including a 55,000 sq.ft. store in a former Mervyns at Sunvalley Mall in Pleasant Hill and a store in a former Pak N Save along San Pablo Avenue near 40th Street in Emeryville, as well as sites in Berkeley and Oakland Hills, CA. The Children’s Place Retail Stores, Inc. (201-558-2400) will open a The Children’s Place outlet store at Adirondack Outlet Mall, an outlet center located along Route 9 in Queensbury, NY. The store is slated to open during May and will be the company’s third outlet store and its 17th overall in upstate NY. The company currently operates 1,005 locations, offering clothing and accessories for infants and young children, nationwide. Hennes & Mauritz AB (212-564-9922) plans to open an H&M store at Clackamas Town Center, located in Clackamas, OR. The store is slated to open during the summer and will join Victoria’s Secret and Sephora at the center. The company currently operates 2,200 locations, offering apparel for men, women and children, nationwide and internationally. Gap, Inc. (650-952-4400) will open a 2,800 sq.ft. Gap 1969 store in a former Payless ShoeSource located along Broadway between Spring Street and Broome Street in the SoHo area of New York, NY. The location will be the company’s third unit for the concept, which primarily offers items from the company’s Gap 1969 denim collection, as well as other apparel. Bealls, Inc. (941-747-2355) plans to open 16 Bealls Outlet and Burke’s Outlet stores by the end of May. Planned openings include stores in Marianna, Mary Esther, Port Orange, Land O’Lakes and Bartow, FL. The company currently operates 462 locations, trading as Bealls, Bealls Outlet and Burke’s Outlet, nationwide throughout 16 states. page 6
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Ascena Retail Group, Inc. (800-373-7722) plans to open a 4,000 sq.ft. Justice store at Sandusky Mall, located along U.S. Route 250/Milan Road in Sandusky, OH. The store is slated to open during early May and will join Macy’s, Elder-Beerman, Sears, JCPenney, Target and Dick’s Sporting Goods at the center. The company also plans to open a 3,300 sq.ft. Justice at Kennedy Mall, a 700,000 sq.ft. center located along JFK Road in Dubuque, IA. The store is slated to open during early May and will join Younkers, Dick’s Sporting Goods, Sears, JCPenney, Best Buy and Borders at the center. The company trades as dressbarn, Maurices and Justice at 2,487 locations nationwide. Bill the Butcher, Inc. (480-231-9929) plans to open 14 Bill the Butcher shops throughout the Seattle, WA metropolitan area this year, and plans to eventually open 120 locations west of the Mississippi River. Planned openings include a location under construction in Edmonds, WA. The company currently operates six locations throughout the Seattle area. Kohl’s Corp. (262-703-7000) may open an 84,000 sq.ft. Kohl’s department store on eight acres at the intersection of Meridian Boulevard and Paper Mill Road in Spring Township, PA. The store would open by the middle of next year. The company currently operates 1,089 stores nationwide throughout 49 states, 100 of which are smaller-format locations. Wingstop Restaurants, Inc. (972-6866500), through a franchisee, plans to open 20 Wingstop restaurants throughout the Baltimore, MD and Washington, DC metropolitan areas during the coming five years, including four to open this year. The company currently operates more than 475 locations, offering several varieties of chicken wings, nationwide and throughout Mexico. Potbelly Sandwich Works, LLC (312-9510600) plans to open a Potbelly Sandwich Shop in St. Cloud, MN within the coming three years. The company currently operates more than 200 corporate-owned locations throughout 12 states nationwide, including 10 throughout MN. True Religion (323-266-3072) plans to open a 1,400 sq.ft. apparel store at The Gardens on El Paseo, located in Palm Desert, CA. The store will feature the company’s full line of men’s, women’s and children’s apparel, will join Sephora at the center and is slated to open during September. The company currently operates 94 locations nationwide, as well as international stores.
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Target Corp. (612-304-6073) plans to open a Target store in eastern Dublin, CA as part of a plan to open 21 stores throughout 13 states nationwide during the year. The store is slated to open during October. The company also plans to open a store along Los Osos Valley Road in San Luis Obispo, CA during late July, as well as stores in Oxnard and San Clemente, CA. The company recently opened a location in Oakland, CA this month and currently operates 1,752 locations nationwide throughout 49 states. Darden Restaurants, Inc. (407-245-4000) will open an Olive Garden restaurant on five acres of an 11-acre parcel at the intersection of Dawsonville Highway and Beechwood Boulevard in Gainesville, GA. The restaurant is slated to open during June. The company also trades as Red Lobster and Longhorn Steakhouse. Buffalo Wild Wings (800-499-9586) plans to open a 7,380 sq.ft. restaurant in a former FYE at Stonewood Center in Downey, CA. The store is slated to open this year and will be the company’s eighth in the area. The company currently operates more than 700 locations, offering wings as well as hamburgers, sandwiches, wraps, tacos, salads and appetizers, nationwide. Portfolio Kitchen & Home (816-363-5300) will open a 7,000 sq.ft. flagship store at Pershing Building, located along West Pershing Road in Kansas City, MO. The store will feature a showroom and a demo kitchen, and is slated to open during the summer. Hannaford Bros. Co. (207-883-2911) plans to open a Hannaford supermarket in a former Slater’s Great American Market at Great American Plaza, located along Main Street in Cairo, NY. The company currently operates 176 supermarkets throughout MA, ME, NH, NY and VT. Dairy Queen of Tyler (903-780-1376) plans to open a Dairy Queen restaurant at the intersection of State Highway 31 and Farm-to-Market Road 2661 in Chandler, TX. The store is slated to open during June. The company currently operates 11 locations throughout Lindale, Tyler, Canton, Whitehouse and Forney, TX. Trader Joe’s Co. (626-599-3700) plans to open a 12,000 sq.ft. Trader Joe’s grocery store at The Shops at Prescott Gateway, located at the intersection of Highway 69 and Lee Boulevard in Prescott, AZ. The store is slated to open later this year. The company currently operates more than 350 locations D M nationwide throughout 29 states.
Food Retailers Expand Nationwide Panda Express operates 1,332 locations nationwide throughout 38 states and Puerto Rico. The Chinese restaurants occupy spaces of 2,000 sq.ft. in endcaps and freestanding pad sites of shopping centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Strategic Retail Advisors. Buffalo Wild Wings operates 740 locations nationwide throughout 44 states. The restaurants occupy spaces of 6,000 sq.ft. in entertainment centers. Growth opportunities are sought throughout select markets within the Inland Empire area and Orange County, CA during the coming 18 months, with representation by Strategic Retail Advisors. Panda Inn operates six locations throughout Los Angeles, Orange and San Bernardino counties in CA. The Chinese restaurants occupy spaces of 6,000 sq.ft. to 7,000 sq.ft. in freestanding locations and endcaps of power centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Strategic Retail Advisors. The company prefers sites with a strong daytime population. For more information, contact Jeff Reenders, Strategic Retail Advisors, 3990 Westerly Place, Suite 230, Newport Beach, CA 92660; 949-640-6678, Fax 949-7488088; Email: jeff@strategicretailadvisor.com; Web site: www.strategicretailadvisor.com. W.H. Braum, Inc. trades as Braum’s Ice Cream & Dairy Store at 280 locations throughout AR, KS, MO, OK and northern TX. The ice cream shops occupy spaces of 4,900 sq.ft. to 5,700 sq.ft. in freestanding locations. The company is seeking new sites to replace existing locations in Benbrook, Burleson, Grapevine and Lewisville, TX during the coming 18 months. A land area of 50,000 sq.ft. and a drive-thru are required. The company will only acquire sites, and prefers site submittals to be sent via email. For more information, contact Gordon Pulis, W.H. Braum, Inc., 16135 Preston Road, Suite 107, Dallas, TX 75248; Email: gpulis@braums.com; Web site: www.braums.com. Tri-City Foods, Inc. trades as Pizza Hut at 22 locations throughout MI, OH and WV. The pizzerias occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps of shopping centers. Plans call for one to two openings within the existing markets during the coming 18 months. For more information, contact Ted Swan, Tri-City Foods, Inc., 150 North Oliver Street, Wichita, KS 67208; 316-685-1324 Ext. 16, Fax 316-685-2234.
La Pizza Loca operates 37 locations throughout CA. The restaurants occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in anchored shopping centers. Growth opportunities are sought throughout Los Angeles, Orange and Ventura counties in CA during the coming 18 months, with representation by Kennedy Wilson Properties, Ltd. Preferred cotenants include grocery stores. Fatburger operates more than 90 locations throughout AZ, CA, FL, GA, IL, MD, NE, NJ, NV and WA, as well as internationally. The restaurants occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in endcaps and inline spaces of anchored shopping centers. Growth opportunities are sought throughout Los Angeles, Orange and Ventura counties in CA during the coming 18 months, with representation by Kennedy Wilson Properties, Ltd. Preferred cotenants include grocery stores. Preferred demographics include a daytime population of 10,000 within one mile. Expansion is franchise-driven. Yoshinoya operates more than 1,400 locations internationally, including sites in AZ, CA, NV and NY. The Japanese restaurants occupy spaces of 1,700 sq.ft. to 2,000 sq.ft. in endcaps of anchored shopping centers. Growth opportunities are sought throughout Los Angeles, Orange, Riverside and Ventura counties in CA during the coming 18 months, with representation by Kennedy Wilson Properties, Ltd. Preferred cotenants include grocery stores. For more information, contact Matt Adamczyk, Kennedy Wilson Properties, Ltd., 9701 Wilshire Boulevard, Suite 700, Beverly Hills, CA 90212; 310887-6248, Fax 310-887-6254; Email: madamczyk@kennedywilson.com; Web site: www.kennedywilson.com. Toojay’s Management Corp. trades as Toojay’s Original Gourmet Deli at 26 locations throughout FL. The restaurants, offering breakfast, lunch and dinner, occupy spaces of 6,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact William Korenbaum, Toojay’s Management Corp., 3654 Georgia Avenue, West Palm Beach, FL 33405; 561-659-9011 Ext. 563, Fax 561659-9703; Web site: www.toojays.com. Erik’s DeliCafe Franchises, Inc. trades as Erik’s DeliCafe at 28 locations throughout CA. The restaurants, offering sandwiches, soups, salads and bakery items, as well as catering services, occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in freestanding locations, urban/downtown areas and entertainment, power, specialty and strip centers. Growth www.dealmakers.net
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opportunities are sought throughout northern CA during the coming 18 months. Typical leases run 10 years with two, five-year options. Specific improvements are required. Preferred cotenants include Starbucks. Major competitors include Togo’s, Panera Bread and Quiznos. Preferred demographics include a population of 100,000 within five miles earning between $60,000 and $100,000 as the average household income. The company is franchising and prefers to locate in areas with a mix of retail, office and residential presence. For more information, contact Tony Bendana, Erik’s DeliCafe Franchises, Inc., 365 Coral Street, Santa Cruz, CA 95060; 831-458-1818, Fax 831-458-9797; Web site: www.eriksdelicafe.com. Matchbox Vintage Pizza Bistro operates six locations throughout Palm Springs, CA and Washington, DC. The restaurants occupy spaces of 6,000 sq.ft. in urban areas. Growth opportunities are sought throughout Washington, DC during the coming 18 months, with representation by Papadopoulos Properties. Typical leases run 10 years with a five-year option. The company prefers to locate in areas featuring a mix of commercial and residential properties. Chop’t Creative Salad Co. operates 16 locations throughout NY and Washington, DC. The restaurants occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in urban/ downtown areas. Growth opportunities are sought throughout Washington, DC during the coming 18 months, with representation by Papadopoulos Properties. Typical leases run 10 years with a five-year option. For more information, contact Tom Papadopoulos, Papadopoulos Properties, 1420-B 21st Street Northwest, Washington, DC 20036; 202-466-2200, Fax 202-4662024; Email: tpap@papadop.com; Web site: www.papadop.com. Corner Bakery Café operates 118 locations throughout AZ, CA, CO, southern FL, GA, IL, northern LA, MD, MS, western NY, PA, TX, UT, VA and Washington, DC. The restaurants, offering breakfast items, salads, sandwiches, paninis, pastas, soups and desserts, occupy spaces of 3,300 sq.ft. to 4,400 sq.ft. in urban/downtown areas and endcaps of entertainment, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Expansion is for both corporate-owned and franchised locations. For more information, contact Keith Moore, Corner Bakery Café, 12700 Park Central Drive, Suite 1300, Dallas, TX 75251; 972-619-4119; Web site: www.cornerbakery.com. DM
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Real Estate Professionals Making the News
Lease Signings The Diamond Group (617-661-1313) negotiated a lease with Tasti D-Lite for space along Newbury Street in Boston, MA. The company represented the tenant and C. Talanian Realty represented the landlord in the transaction. The company also negotiated a lease with Miso Market for 2,400 sq.ft. along Massachusetts Avenue in Cambridge, MA. The company also negotiated a lease with Abigail’s for 3,300 sq.ft. along Third Street in Cambridge, MA. NAI Friedland (914-968-8500) negotiated a lease with Raymour & Flanigan for 56,000 sq.ft. along Maple Avenue in White Plains, NY. The company represented the tenant and New England Development represented the landlord, UBS Realty Investors, LLC, in the transcation. Konover South, LLC (954-354-8282) signed a lease extension with Gourmet China for 1,250 sq.ft. at Inverrary Falls, an 85,000 sq.ft. retail center located at the intersection of Oakland Park Boulevard and Inverrary Boulevard in Lauderhill, FL. Publix anchors the center and cotenants include Bank Atlantic, Golden Krust Bakery, Gourmet China, H&R Block, Little Caesar’s, Sarah’s Beauty Supply & Accessories, Simply Fashions and Wachovia Bank. Robert K. Futterman & Associates (212-599-3700) negotiated a lease with Intermix for 2,725 sq.ft. along Washington Street in Manhattan, NY. The high-end apparel and accessories store will occupy 1,885 sq.ft. of ground-floor space, 240 sq.ft. of mezzanine space and 600 sq.ft. of basement space. The company represented the tenant and the landlord, TF Cornerstone, in the transaction. Newmark Knight Frank Retail (212-3722000) negotiated a 10-year lease with Timberland for 2,400 sq.ft. of ground-floor space and 2,000 sq.ft. of non-retail cellar space along West 34th Street between Fifth Avenue and Sixth Avenue in New York, NY. The company represented the landlord in the transaction. Renuad Consulting (703-404-2346) negotiated a lease with Paisano’s Pizza for 1,496 sq.ft. along West Broad Street in Falls Church, VA. The company represented the tenant and The Winfield Group represented the landlord in the transaction. Atlantic Retail Properties (561-427-6699) negotiated two leases with Family Christian Stores for spaces totaling 12,000 sq.ft. in Dade County, FL. The company represented the tenant in both transactions. page 8
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ROCK Commercial Real Estate LLC (717854-5357) negotiated a lease with Stage Deli for 705 sq.ft. along North George Street in York, PA. The company represented the landlord and the tenant in the transaction. The company also negotiated a lease with Pizza al Bacio for 2,000 sq.ft. at Sherwood Plaza, located along North Main Street in York New Salem, PA. The company represented the tenant and Coldwell Banker Commercial Bennett Williams represented the landlord in the transaction.
SPL Realty Partners (310-883-7911) was recently formed by Scott P. Lifschultz. The company is a retail real estate brokerage and consulting firm offering tenant and owner representation, site selection, leasing and marketing, consulting and investment sales services for retailers, developers and property owners and investors nationwide, with a focus on southern CA. Prior to forming the company, Lifschultz served as a senior vice president at Robert K. Futterman & Associates.
Charter Realty & Development Corp. (203227-2922) negotiated leases with Weight Watchers for 2,200 sq.ft. and with Dollar Tree for 10,700 sq.ft. at Lake Shore Plaza II, a 94,800 sq.ft. power center located along Portion Road in Lake Ronkonkoma, NY. Cotenants at the center include Sears, Regal Cinemas and Waldbaums.
Genesis Real Estate Group (615-673-4953) joined with Sperry Van Ness International and will henceforth operate as Sperry Van Ness/The Genesis Group. Carnell Scruggs will continue to function as managing director and franchise owner of the company. The brokerage firm serves clients throughout central TN.
The Lightstone Group (212-616-9969) negotiated a 10-year lease extenstion with PriceRite for 33,800 sq.ft. at Mountainville Shopping Center, located along 4th Street in Allentown, PA. Cotenants at the center include Retro Fitness, Family Dollar, Kmart, McDonald’s and AutoZone.
U.S. Development (803-251-3565) named Doug McMillian as chief financial officer. The company develops mixed-use residential, multifamily and commercial properties throughout the southeastern region of the U.S. Prior to joining the company, McMillian served as managing principal of The McMillian Firm, LLC, a business management company based out of Columbia, SC.
Anchor Commercial|CORFAC International (843-747-1200) negotiated a lease with Walgreens for 14,550 sq.ft. situated on 2.5 acres at the intersection of Ashley Phosphate Road and Rivers Avenue in North Charleston, SC. The company represented the landlord, Rogers Corner, LLC, in the transaction. Rosamund Property Consultants (919365-4977) negotiated a lease with Big Lots for 38,543 sq.ft. at Knightdale Crossing Shopping Center, located at the intersection of Knightdale Boulevard/Highway Business 64 and Smithfield Road in Knightdale, NC. Cotenants at the center include Tuesday Morning. Friedman Integrated Real Estate Solutions (248-324-2000) negotiated a lease with Dollar General for 10,719 sq.ft. at Stoneridge Plaza, located along North Groesbeck Highway in Mt. Clemens, MI. The company represented the landlord, Mattia Properties, LLC in the transaction. Mid-America Real Estate - Michigan, Inc. (248-855-6800) negotiated a lease with Advance Auto for 7,744 sq.ft. at Woodland Square, located along Plymouth Road in Livonia, MI. ABC Warehouse anchors the center. The company represented the landlord, Debaja Properties, in the transaction. DM
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Grubb & Ellis Co. (714-975-2230) hired John Sechser as senior vice president, retail group. Prior to joining the company, Sechser served at Colliers International as senior vice president and co-director of the company’s Walnut Creek retail division, and has also previously served as senior vice president at Grubb & Ellis Co. Transwestern (212-537-0370) formed a new division serving the northeastern region of the U.S. Patrick Robinson will serve as president of the new operation, which will operate out of New York, NY. Lindsay Ornstein will also join the firm. The division will offer property management, agency leasing, tenant advisory and investment services and management. Prior to joining the company, both Robinson and Ornstein served as principals and founding members of Centric Real Estate Advisors. Terrie O’Connor Realtors (201-251-2510) hired Rodger Parker as vice president and director of the company’s commercial real D estate division. M
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Apparel Chains Expand Nationwide
Sources of Financing A.G. Commercial, LLC offers short-term bridge loans, as well as CTL and construction financing for retail, office, hospitality, industrial, warehouse and multifamily properties. Loans are available in amounts above $2 million. For more information, contact George Arvanitis, A.G. Commercial, LLC; 847-9818014; Web site: www.ag-commercial.com. Affinity Funding Resources, Inc. offers mezzanine financing for the acquisition and refinancing of retail, office, industrial and multifamily properties, as well as other types of properties in select cases. Loans are available in amounts ranging from $500,000 to $5 million with a fixed interest rate, in conjunction with a CMBS senior loan in amounts ranging from $5 million to $50 million, for a term of five or ten years with a fixed interest rate and a 25- or 30-year amortization schedule. For more information, contact Brent Germaine, Affinity Funding Resources, Inc.; 734-506-8448; Emails: afrinc@aol.com and afrinc@comcast.net. BMC Capital provides financing for the acquisition and refinancing of net-leased retail, office, industrial and self-storage properties. Loans are available from $500,000 to $1.5 million for terms of three, five and seven years at interest rates from 5.75% to 7.35% featuring a maximum loan-to-value ratio of 75% and a 25-year amortization schedule. Funding is also available from $1.5 million to above $10 million for terms of three, five or seven years with interest rates from 5.5% to 7% featuring a maximum loan-to-value ratio of 75% and a 25-year amortization schedule. For more information, contact Carl Esrey, BMC Capital, 3100 Monticello Avenue, Suite 400, Dallas, TX 75205; 214-526-7178, Fax 214526-2297; Email: cesrey@bmccapital.com. Web site: www.bmccapital.com. The Venture Capital Group NY, Inc. provides financing for properties worldwide. Loans are available in amounts ranging from $1 million to $100 million with a 10-year term. The company also provides loans for commercial properties in amounts above $100,000 with five- or 10-year terms and a 25- to 30-year amortization schedule. The company also provides bridge financing in amounts from $50,000 to $100 million with a minimum interest rate of 8.99%, a minimum term of six months and a maximum loan-to-value ratio of 70%. For more information, contact The Venture Capital Group NY, Inc.; 888218-5752, Fax 480-393-4022; Web site: D M www.theventurecapitalgroup.com.
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Cache, Inc. trades as Cache at 285 locations nationwide. The stores, offering accessories, lifestyle and sportswear apparel and dresses for women ages 25 to 45, occupy spaces of 2,000 sq.ft. in upscale lifestyle centers and regional malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Bloomingdale’s, Neiman Marcus, Nordstorm and Saks Fifth Avenue. The company is site-selective. For more information, contact Dawn Balopole, Cache, Inc., 1440 Broadway, 5th Floor, New York, NY 10018; 614939-5177, Fax 614-939-5189; Web site: www.cache.com. EBL, Inc. trades as Eblens Clothing & Footwear at 29 locations throughout CT, MA, NY and RI. The stores, offering men’s and women’s urban apparel and footwear, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years with options. A vanilla
shell and specific improvements are required. Preferred cotenants include Burlington Coat Factory, T.J. Maxx, video stores and rental centers. For more information, contact Michael Sartinsky, EBL, Inc., 299 Industrial Lane, Torrington, CT 06790; 860-489-3073; Email: msartinsky@eblens.com; Web site: www.eblens.com. European Creations, Ltd. trades as Aldila at 11 locations throughout Canada. The stores, offering women’s apparel, occupy spaces of more than 1,200 sq.ft. in regional malls and strip centers. Growth opportunities are sought throughout British Columbia and Calgary, Canada during the coming 18 months. Typical leases run five years. Preferred cotenants include women’s apparel stores. Preferred demographics include a population of 200,000 within five miles earning $60,000 as the average household income. For more information, contact Hasan Sarihan, European Creations, Ltd., 12240 Horseshoe Way, Suite 14, Richmond, British Columbia, Canada V7A 4X9; 604275-0440, Fax 604-275-0433; Email: europeancreations@telus.net. DM
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Exclusives and Leasing Assignments Fameco Real Estate, LP (610-834-8000) has been named the leasing agent for Streets of Chester, a 104,682 sq.ft. lifestyle center located along Route 206 in Chester, NJ. Tenants at the center include Coach, Chico’s, Gap, Talbots, Coldwater Creek and Banana Republic. The company’s Woodbridge, NJ office has also been named the leasing agent for the following properties throughout central NJ: East Windsor Village, located in East Windsor; Ryders Crossing Shopping Center, located in Milltown, featuring Target, Home Depot and Acme; Browntown Shopping Center, located in Old Bridge, featuring Walgreens, Club Metro USA and Wendy’s; The Landing at the Point, a 2.4-million sq.ft. mixed-use development located in Sayreville; Freehold Raceway Mall, located in Freehold, featuring Nordstrom, Lord & Taylor and Macy’s; Pond Road Shopping Center, located in Freehold, featuring Staples, Michaels, Petco and DSW; Holmdel Town Center, located in Holmdel, featuring A&P, Marshalls, PetSmart, HomeGoods and LA Fitness; Chapel Hill Shopping Center, a 64,507 sq.ft. center located in Middletown, featuring Whole Foods Market; Civic Plaza, a center currently under redevelopment in Brick, Bey Lea Plaza, located in Toms River, featuring Toys “R” Us/Babies “R” Us and Bed Bath & Beyond, and Dover Mall, a 220,000 sq.ft. center currently under redevelopment in Toms River. Renaud Consulting (703-404-2346) represents the following retailers with their expansion plans: Freddy’s, throughout northern VA with a focus on Fairfax County, seeking spaces of 2,700 sq.ft. to 3,400 sq.ft.; Moe’s Southwest Grill, throughout the Washington, DC metropolitan area, seeking spaces of 1,800 sq.ft. to 2,500 sq.ft.; Neramitra Thai, throughout northern VA and Washington, DC, seeking sites of 2,500 sq.ft. to 4,000 sq.ft.; Paisano’s Pizza, throughout Arlington, Burke, Springfield and Vienna, VA, seeking spaces of 1,200 sq.ft. to 1,800 sq.ft.; Popeye’s, throughout Washington, DC, utilizing spaces of 1,800 sq.ft. to 2,200 sq.ft.; Saffron Club, throughout Alexandria, Arlington, Fairfax and McLean, VA, seeking spaces of 2,500 sq.ft. to 3,500 sq.ft., and Shane’s Rib Shack, throughout the Washington, DC metropolitan area, seeking sites of 2,000 sq.ft. to 2,400 sq.ft. Strategic Retail Advisors (949-640-6678) represents Dollar Tree in the chain’s expansion throughout Orange County and the San Gabriel Valley area of CA. The discount retailer is seeking spaces of 8,000 sq.ft. to 12,000 sq.ft. page 10
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Franklin Street Real Estate (813-839-7300) represents Beef O’Brady’s with the chain’s expansion throughout Hernando, Pasco, Pinellas, Hillsborough, Polk, Manatee, Sarasota, Charlotte, Lee and Collier counties in FL. The family- and sports-themed restaurants occupy spaces of 3,600 sq.ft. in endcaps and outlots of suburban shopping centers, and the company prefers to locate in secondgeneration spaces. Preferred demographics include a population of 30,000 within three miles earning $50,000 as the median household income. The company prefers sites with average daily traffic counts above 25,000 vehicles. The company also represents Great Clips with the chain’s expansion throughout Hernando, Pasco, Pinellas, Hillsborough, Polk, Manatee, Sarasota, Charlotte, Lee and Collier counties in FL. The chain is seeking spaces of 800 sq.ft. to 1,400 sq.ft. in power and grocery-anchored shopping centers. Preferred demographics include a population of 30,000 within three miles earning over $40,000 as the average household income. SRS Real Estate Partners (512-236-4600) represents the following retailers with their expansion plans: AAMCO, throughout Austin, TX, seeking spaces of 3,500 sq.ft. to 7,000 sq.ft.; Approved Money Center, throughout TX, seeking sites of 1,500 sq.ft.; AutoNation, throughout Austin and San Antonio, TX, seeking five to seven acres; Bang & Olufsen, throughout central TX, utilizing spaces of 1,200 sq.ft. to 1,800 sq.ft.; Batteries Plus, throughout Austin, TX, seeking spaces of 1,500 sq.ft.; Brick Oven Restaurant, throughout central TX, seeking sites of 2,500 sq.ft.; Bridgestone/Firestone, throughout central and southern TX, seeking pad sites of one acre for ground lease or buildto-suit; Bubble Clean, throughout central TX, utilizing spaces situated on one to three acres; Athenian Bar & Grill, throughout Austin, TX, seeking sites of 4,000 sq.ft.; Toys “R” Us/ Babies “R” Us, throughout Austin and San Antonio, TX, seeking sites of 64,000 sq.ft.; Baskins Western Wear, nationwide, utilizing spaces of 15,000 sq.ft. to 20,000 sq.ft., and Burke’s Outlet, throughout AR, LA and TX, D M seeking sites of 25,000 sq.ft.
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Lead Sheet Plass Appliance & Furniture, Inc. dba Plass Appliance & Furniture Dale Plass PO Box 757 Bloomingdale, IL 60108 Web site: www.plassappliance.com
Appliances The nine-unit chain operates locations throughout IL. The stores, offering appliances and furniture, occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company will consider sites of up to 12,000 sq.ft.
Bridgestone/Firestone, Inc. (Southeastern Zone) dba Firestone Ron Ricks 4219 Roswell Road, Suite A Marietta, GA 30062 770-321-4488, Fax 770-321-2240 Email: rricks@bfrc.com
Automotive The 2,100-unit chain operates locations nationwide. The automotive service centers occupy spaces of 7,700 sq.ft. to 8,500 sq.ft. in freestanding locations, malls and power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the southeastern region of the U.S. during the coming 18 months. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income.
Everybody’s Oil Corp. dba Tire Barn Warehouse Christopher Jones PO Box 640 Anderson, IN 46015 765-649-0404, Fax 765-641-7254
Automotive The 31-unit chain operates locations throughout IL, IN and TN. The stores, offering tires and related items, occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A vanilla shell is required.
EZ Lube, LLC dba EZ Lube Robert Grosse 3540 Howard Way, Suite 200 Costa Mesa, CA 92626 714-556-1312 Ext. 4144, Fax 714-556-1362 Email: robertg@ezlube.com Web site: www.ezlube.com
Automotive The 74-unit chain operates locations throughout southern CA. The automotive service centers occupy spaces of 2,800 sq.ft. to 5,000 sq.ft. Limited growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in existing automotive and tire maintenance centers.
Johnston Autostores dba Johnston Automotive, Motor Supply Co., Greenberg Auto Supply, Iowa Auto Supply, Interstate Auto Supply, Carroll Auto Supply, Sheldon Auto Supply, Worthington Auto Supply, River City Auto Supply, Central Auto Supply and Jas Warehouse Mark Lykke 500 37th Avenue West Spencer, IA 51301 712-262-2605, Fax 712-262-1686 Email: info@johnstonauto.com Web site: www.johnstonauto.com
Automotive The 12-unit chain operates locations throughout IA and MN. The automotive service centers occupy spaces of 5,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Strauss Discount Auto Bill Belinowicz 7-C Brick Plant Road South River, NJ 08882 732-390-9000 Ext. 5240, Fax 732-390-9079 Email: bbelinowicz@straussauto.com Web site: www.straussauto.com
Automotive The 52-unit chain operates locations throughout NJ, NY and Philadelphia and Lehigh counties in PA. The stores, offering automotive parts, supplies and services, occupy spaces of 6,000 sq.ft. in freestanding locations and endcaps and pad sites of strip centers. Growth opportunities are sought throughout NJ and Long Island, and New York, NY during the coming 18 months. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. Major competitors include STS and Goodyear. The company prefers to locate in sites with six to eight service bays, storage areas and parking for 25 cars.
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Lead Sheet Gas America Services, Inc. dba Gas America Services Stephanie White or Dennis Spegal 2700 West Main Street Greenfield, IN 46140 317-468-2515, Fax 317-468-2525 Email: dennis.spegal@gasamerica.com Web site: www.gasamerica.com
Convenience The 87-unit chain operates locations throughout IN and OH. The convenience stores, with gasoline facilities, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. The company prefers to acquire parcels of 1.5 to two acres.
Nice N Easy Grocery Shops dba Nice N Easy John Macdougal 7840 Oxbow Road Canastota, NY 13032 315-697-2287, Fax 315-697-9858
Convenience The 36-unit chain operates locations throughout NY. The convenience stores occupy spaces of 4,500 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Par Mar Oil Co., Inc. dba Par Mar Stores Bill Hollister 114-A Westview Avenue Marietta, OH 45740 740-373-7406, Fax 740-373-6854 Email: wchollister@parmarstores.com Web site: www.parmarstores.com
Convenience The 48-unit chain operates locations throughout KY, OH and WV. The convenience stores, with gasoline facilities, occupy spaces of 2,200 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years. A vanilla shell and turnkey are required.
The Pantry, Inc. dba The Pantry Brian Schenk 305 Gregson Drive Cary, NC 27511 919-774-6700, Fax 919-777-5139
Convenience The 1,662-unit chain operates locations throughout AL, FL, GA, IN, KY, LA, MS, NC, SC, TN and VA. The convenience stores, with gasoline facilities, occupy spaces of 4,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 to 40 years. A land area of 1.5 to three acres is required.
Ulta Jay Cohen c/o L3 Corp. 12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: jay@l3corp.net Web site: www.ulta.com
Cosmetics The 384-unit chain operates locations nationwide throughout 39 states. The stores, offering cosmetics, fragrances and skin and haircare products, as well as featuring a full-service salon, occupy spaces of 10,000 sq.ft. in malls and power and strip centers. Growth opportunities are sought throughout southern IL and MO, excluding Kansas City and the surrounding area, during the coming 18 months, with representation by L3 Corp.
Dollar General Laurie Mazzotta c/o Retail Strategies, Inc. 100 West Road, Suite 300 Baltimore, MD 21204 410-303-4877 Email: lamazzotta@aol.com
Discount The 9,200-unit chain operates locations nationwide. The discount general merchandise stores occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding locations and inline spaces of community and neighborhood shopping centers. Growth opportunities are sought throughout DE and MD during the coming 18 months, with representation by Retail Strategies, Inc. A vanilla shell is required.
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Lead Sheet Dollar Star Ralph Lobodzinski 16725 Northwest 20th Avenue Miami, FL 33056 305-970-6929 Email: rlobo@warehouse99.com
Discount The 21-unit chain operates locations throughout FL, GA, NC and SC. The discount stores occupy spaces of 2,000 sq.ft. in 5,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout FL during the coming 18 months. Major competitors include Dollar Tree.
Pharmacade Pharmacy Maurice Malin 1049 East 163rd Street Bronx, NY 10459 718-842-5485, Fax 718-842-8435
Drug Store The six-unit chain operates locations throughout FL and NY. The drug stores occupy spaces of 450 sq.ft. to 500 sq.ft. in freestanding locations near hospitals and medical centers. Growth opportunities are sought throughout Bronx and Manhattan, NY during the coming 18 months. Typical leases run five years with five-year options. Preferred cotenants include supermarkets. Preferred demographics include a population of 20,000 within one mile.
Clearview Cinema Group, Inc. dba Clearview Cinema Group Luann Parker 200 Park Avenue, Suite 302 Florham Park, NJ 07932 908-918-2018, Fax 908-918-9891 Web site: www.clearviewcinemas.com
Entertainment The 47-unit chain operates locations throughout NJ, NY and PA. The movie theaters occupy spaces of 20,000 sq.ft. to 35,000 sq.ft. in lifestyle centers and downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Alliance Bank Ed Ginn c/o Equity Retail Brokers 101 West Elm Street, Suite 370 Conshohocken, PA 19428 610-645-7700 Ext. 101 Web site: www.equityretailbrokers.com
Finance The 29-unit chain operates locations throughout NY. The banks occupy spaces of 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout southern NJ and eastern PA during the coming 18 months, with representation by Equity Retail Brokers.
PNC Bank Gary Drechsel c/o Eagle American Realty, Inc. 410 Route 10 West, Suite 213 Ledgewood, NJ 07852 973-598-1500 Email: gary@eagleamericanrealty.com Web site: www.eagleamericanrealty.com
Finance The 2,400-unit chain operates locations throughout DE, FL, ID, IL, KY, MD, MI, MO, NJ, NY, OH, PA, VA, WI and Washington, DC. The banks occupy spaces of 3,600 sq.ft. in freestanding locations, shopping centers and business districts. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Eagle American Realty, Inc.
Fantastic Sam’s Jeff Reenders c/o Strategic Retail Advisors 3990 Westerly Place, Suite 230 Newport Beach, CA 92660 949-640-6678, Fax 949-748-8088 Email: jeff@strategicretailadvisor.com Web site: www.strategicretailadvisor.com
Hair Salon The 1,300-unit chain operates locations nationwide. The hair salons occupy spaces of 900 sq.ft. to 1,100 sq.ft. in grocery-anchored shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Strategic Retail Advisors.
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Lead Sheet Visionworks Josh Weiner or John Marigliano c/o Renaud Consulting 8605 Westwood Center Drive, Suite 309 Vienna, VA 22182 703-404-2346 or 571-765-4423 Emails: jweiner@renaudconsulting.net and jmarigliano@renaudconsulting.net Web site: www.renaudconsulting.net
Optical The 140-unit chain operates locations throughout CO; Atlanta, GA; Chicago, IL; Baltimore, MD; NC; PA; SC and WV. The eye care service centers occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in various types of sites. Growth opportunities are sought throughout the Baltimore, MD metropolitan area during the coming 18 months, with representation by Renaud Consulting.
Pet Valu, Inc. dba Pet Valu Michael Fisher 489 Devon Park Drive, Suite 320 Wayne, PA 19087 610-386-2266, Fax 610-225-0800 Email: usrealestate@petvalu.com Web site: www.petvalu.com
Pet Supplies The 340-unit chain operates locations throughout MD, NJ, PA and VA, as well as throughout Manitoba and Ontario, Canada. The pet supply stores occupy spaces of 2,300 sq.ft. to 4,000 sq.ft. in community and strip centers. Growth opportunities are sought throughout MD, NJ, PA and VA during the coming 18 months.
Genesco, Inc. dba Journey Kidz David Stuck 1415 Murfreesboro Road, Suite 606 Nashville, TN 37217 615-367-8011, Fax 615-367-7323 Email: dstuck@genesco.com Web site: www.genesco.com
Shoes The 149-unit chain operates locations nationwide. The children’s shoe stores occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in malls. Plans call for 20 openings throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Bulid-A-Bear Workshop, The Children’s Place and Gap Kids.
Everfast, Inc. dba Calico Corners Chris McDonough 203 Gale Lane Kennett Square, PA 19348 610-444-9700, Fax 610-444-1221 Web site: www.calicocorners.com
Specialty The 100-unit chain operates locations nationwide. The stores, offering fabric, furniture, window treatments, bedding, pillows and related accessories, occupy spaces of 4,000 sq.ft. in freestanding locations and endcaps of specialty and strip centers. Limited growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with options. A vanilla shell is required.
Oriental Chi Stuart Zall c/o The Zall Co. 4725 South Monaco Street, Suite 340 Denver, CO 80237 303-804-5656, Fax 303-804-9696 Email: szall@zallcompany.com Web site: www.zallcompany.com
Specialty The 25-unit chain operates locations nationwide. The massage therapy centers occupy spaces of 1,000 sq.ft. in inline spaces of regional centers and enclosed shopping malls. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by The Zall Co. Typical leases run five years. The company will also consider kiosks.
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 14
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Space Place Arizona
California
Connecticut
Avondale – Gateway Crossing, a 224,169 sq.ft. power center located at the intersection of 99th Avenue and McDowell Road, has spaces available of 1,150 sq.ft.; 1,800 sq.ft. and 4,770 sq.ft. along with outlots of 30,000 sq.ft. and 40,000 sq.ft. Best Buy, Old Navy and Hobby Lobby anchor the center. Cotenants include Guitar Center, Rumbi, Chipotle and Paradise Bakery. Area retail includes Tolleson Crossroads and Gateway Pavilions, featuring Costco, The Sports Authority and Harkins. Area demographics include a population of 267,283 within five miles earning $57,396 as the average household income. The average daily traffic count is 225,000 vehicles. The asking rent is $28 psf with CAM of $5.21 psf. For details, contact Clayton Wyatt, Velocity Retail Group, 2415 East Camelback Road, Suite 400, Phoenix, AZ 85016; 602682-8118; Email: cw@velocityretail.com; Web site: www.velocityretail.com.
Suite B, Sacramento, CA 95670; 916678-0880, Fax 916-880-5566; Email: info@gqnorth.com.
sq.ft. and 2,910 sq.ft. Trader Joe’s anchors the center. For details, contact Donna Taylor, Heyman Properties, 333 Post Road West, Westport, CT 06880; 800-624-9144; Web site: www.heymanproperties.com.
California Chatsworth – Chatsworth Plaza, a 67,702 sq.ft. strip center located at the intersection of Devonshire Street and Canoga Avenue, has spaces available of 1,180 sq.ft.; 3,300 sq.ft. and 4,900 sq.ft. Ralphs Grocery anchors the center and cotenants include Straw Hat Pizza. Area retail includes Trader Joe’s, Vons, Smart & Final, Rite Aid, Walgreens and U.S. Postal Service. Area demographics include a population of 318,367 within five miles earning $85,017 as the average household income. The average daily traffic count is 32,331 vehicles. For details, contact Robin Bhalla, Combined Properties, Inc., 9320 Wilshire Boulevard, Suite 310, Beverly Hills, CA 90212; 310-228-2963, Fax 310-228-2160; Email: rbhalla@combined.biz; Web site: www.combined.biz. Folsom – Broadstone Marketplace, a 200,000 sq.ft. power center located along Broadstone Parkway, has spaces available of 1,000 sq.ft.; 3,000 sq.ft. and 4,000 sq.ft. BelAir Grocery Store anchors the center and cotenants include Massage Envy, CVS and BJ’s Restaurant. Area retail includes Best Buy, Home Depot, Costco, Pier 1 Imports and Cost Plus World Market. Area demographics include a population of 300,000 within 10 miles earning $120,000 as the average household income. The average daily traffic count is 80,000 vehicles. The asking monthly rent is $2.50 psf with CAM of $0.72 psf. For details, contact Bob Shahlaie, GQNorth Real Estate, 2411 15th Street, page 16
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Hollywood – A divisible 32,000 sq.ft. freestanding building located along North Highland Avenue is available. Area demographics include a population of 1.02 million within five miles earning $67,277 as the average household income. The average daily traffic count is 52,000 vehicles. For details, contact Todd Nathanson, Jeffrey Shore or Sevada Hemelians, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 Ext. 101/105/110, Fax 818-501-2202; Emails: todd@illicre.com, jeffrey@illicre.com and sevada@illicre.com; Web site: www.illicre.com. Wildomar – Shops at Bear Creek, a 28,860 sq.ft. strip center located at the intersection of Clinton Keith Road and Palomar Street, has a 1,692 sq.ft. space available along with two spaces of 1,551 sq.ft. Rite Aid anchors the center. Area retail includes Albertsons, Stater Bros., Chase Bank, Massage Envy and Starbucks. Area demographics include a population of 99,166 within five miles earning $83,149 as the average household income. The asking monthly rent is $1.50 psf NNN. For details, contact Robin Bhalla, Combined Properties, Inc., 9320 Wilshire Boulevard, Suite 310, Beverly Hills, CA 90212; 310-228-2963, Fax 310-228-2160; Email: rbhalla@combined.biz; Web site: www.combined.biz.
Connecticut Danbury – A 1,764 sq.ft. freestanding pad site with a drive-thru located along Federal Road/Route 202 is available. Derby – Walmart Plaza, a 172,715 sq.ft. center located along New Haven Avenue/Route 34, has a 1,300 sq.ft. space available. Walmart and Adams anchor the center. New Britain – A freestanding 100,000 sq.ft. former Walmart located along Farmington Avenue has an 83,899 sq.ft. space available. New London – New London Shopping Center, a 20,475 sq.ft. center located along Ocean Avenue, has a 6,052 sq.ft. space available along with a 6,275 sq.ft. pad site. Family Dollar anchors the center. Stamford – An 87,556 sq.ft. center located along Canal Street has a 4,000 sq.ft. space available. Westport – Compo Acres Shopping Center, a 38,597 sq.ft. center located along Post Road East, has spaces available of 2,763
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Rocky Hill – Town Line Plaza, a 206,346 sq.ft. community shopping center located at the intersection of Interstate 91 and Route 99/Silas Deane Highway, has a 4,058 sq.ft. space available. Stop & Shop anchors the center and Walmart shadow-anchors the center. Cotenants include Dollar Tree, GameStop, Supercuts, Salon Concepts, Lenscrafters, Goodwill Industries, Ming Dynasty Restaurant and Town Line Diner. Area demographics include a population of 150,566 within five miles earning $73,778 as the average household income. For details, contact Jackie O’Connell, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-227-5570; Email: joconnell@acadiarealty.com.
Delaware Greenville – Powder Mill Square, a 58,296 sq.ft. mixed-use center located along Kennett Pike, has spaces available from 952 sq.ft. to 4,225 sq.ft. Brew Ha-Ha, Chico’s and Cosi anchor the center. Cotenants include Anastasia’s Bridal, Elayne James Salon, Houppette, Oranges & Lemons Children’s Boutique, PNC Bank, Something’s Unique Furniture, Cromwell’s Restaurant & Tavern and Peter Kate Shoes. Area demographics include a population of 175,033 within five miles earning $90,336 as the average household income. The average daily traffic count is 26,500 vehicles. Also, Greenville Center, a 134,889 sq.ft. mixeduse center located along Kennett Pike, has spaces available from 768 sq.ft. to 3,808 sq.ft. Talbots, White House|Black Market, Janssen’s Market, Yves Delorme and Pizza by Elizabeths anchor the center. Cotenants include Christiana Bank & Trust, Clair Pruett, Bank of America, Delaware National Bank, Doubet Jewelers, First Union Bank, Janney Montgomery Scott, U.S. Postal Service, Wachovia Bank, Wilmington Trust Bank, Marco’s Restaurant, Kate’s Spa-Lon, Francesca’s Collections and Pink Turtle. Area demographics include a population of 59,114 within three miles earning $108,045 as the average household income. The average daily traffic count is 26,500 vehicles.
Space Place
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Illinois
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For details, contact Gloria Mercado, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 155, Fax 610664-1976; Email: gmercado@stoltzusa.com; Web site: www.stoltzusa.com.
Roosevelt Road and Main Street, has spaces available of 18,000 sq.ft.; 72,500 sq.ft. and 90,000 sq.ft. Jewel-Osco and Enchanted Castle anchor the center. Cotenants include Sam Ash Music, MB Financial Bank, Culver’s, Boston Market, Weight Watchers, Top Driver, Kelly Nails, The Sewing Room and Smoke Palace. Area retail includes Highpoint, featuring Office Depot, Ulta and Babies “R” Us; Villa Oaks, featuring Burlington Coat Factory; Hobby Lobby; Harbor Freight Tools; X-Sport Fitness; Dania; La-Z-Boy and Bally Total Fitness. Area demographics include a population of 284,717 within five miles earning $94,129 as the average household income. The average daily traffic count is 64,000 vehicles. The asking rent is $6 psf with CAM of $3.50 psf. For details, contact Michael Sackar, The Sackar Co., 945 West George Street, Chicago, IL 60657; 773-348-7777, Fax 773348-7774; Email: msackar@sackarinc.com.
intersection of Mall Road, Interstate 71 and Interstate 75, has spaces available of 542 sq.ft.; 740 sq.ft. and 4,500 sq.ft., along with a 0.5-acre outlot. JCPenney, Macy’s and Sears anchor the center. Cotenants include H&M, Express, Forever 21 and Gap. Area demographics include a population of 395,508 within five miles earning $70,207 as the average household income. For details, contact Kelly Koeller, General Growth Properties, 2028 Florence Mall, Florence, KY 41042; 513305-1020, Fax 513-745-9974; Web site: www.florencemall.com.
Florida Ft. Lauderdale – 17th Quay, a 72,000 sq.ft. mixed-use specialty center located near the intersection of U.S. Highway 1 and Southeast 17th Street, has spaces available of 1,249 sq.ft. and 7,711 sq.ft. Area demographics include a population within one mile earning $107,281 as the average household income. The average daily traffic count is 46,500 vehicles. The asking rent is $25 psf with CAM and taxes of $13.48 psf. For details, contact Steve Petruzzelli, Petruzzelli Real Estate, 1535 Southeast 17th Street, Ft. Lauderdale, FL 33126; 561362-8413, Fax 561-210-5852; Email: petruzzellis@earthlink.net. Miami – The Centre at Cutler Bay, situated on four acres at the intersection of 106th Avenue and Marlin Road, has a 40,000 sq.ft. space available. Area retail includes Southland Mall. Area demographics include a population within three miles earning $45,000 as the average household income. The average daily traffic count is 20,000 vehicles. The asking rent is $14 psf. For details, contact Mary Diaz, The Centre at Cutler Bay, 18901 Southwest 106th Avenue, Suite A-124, Miami, FL 33196; 786-430-0230, Fax 786-430-0229; Email: mary@centreatcutlerbay.com; Web site: www.centreatcutlerbay.com. Weston – Coral Landings II, a 103,000 sq.ft. strip center located along Sample Road, has spaces available from 1,500 sq.ft. to 4,875 sq.ft. Publix anchors the center and cotenants include Menchie’s Yogurt, Golden Krust Bakery, KoKo Fitness, China Sea and Sal’s Ristorante. Area retail includes Best Buy. Area demographics include a population of 372,000 within five miles earning $71,000 as the average household income. The asking rent is $16 psf with CAM of $9.50 psf. For details, contact Bill Lebo, William S. Lebo & Co., PO Box 266378, Weston, FL 33326; 954-476-2600; Email: blebo2600@gmail.com.
Illinois Lombard – Lombard Pines Shopping Center, a 240,000 sq.ft. strip center situated on 19.5 acres at the intersection of IL Route 38/
Kentucky Florence – Florence Mall, a 958,222 sq.ft. regional mall located at the
Maryland Salisbury – Fruitland Center, an 86,433 sq.ft. center located at the intersection of U.S. Route 13/North Fruitland Boulevard and Cedar Lane, has a 12,105 sq.ft. space available. Big Lots anchors the center and cotenants include Apple Discount Drugs, Kool Smiles, CitiTrends and First Shore Federal Savings. Area retail includes (continued on page eighteen)
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Walmart Supercenter, Food Lion, Super Fresh, Dollar Tree and 84 Lumber. Area draws include Salisbury University. Area demographics include a population of 94,962 within 10 miles earning $63,902 as the average household income. The average daily traffic count is 17,875 vehicles. For details, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com.
Massachusetts
Massachusetts
Pittsfield – Allendale Shopping Center, a 182,950 sq.ft. center located at the intersection of Route 8/Cheshire Road and Route 9/Dalton Avenue, has an 18,090 sq.ft. endcap space available. Big Lots and Tractor Supply Co. anchor the center. Cotenants include GameStop, Ace Beauty Systems, Brooks Pharmacy, H&R Block, Sign-A-Rama, Lucky Nails, Reynolds Team Sports, Steven’s Carpets, Simmons Furniture, Berkshire Fabrics, Bella Tan, Trustco Bank, Hallmark, Hair Express, Wood Bros. Music, Berkshire Bank, McDonald’s, Sarah’s Cheesecakes
& Café, Curves, Vivaldi Pizza, Groom’s Choice, Bridal Gallery, Clique Photography and Weight Watchers. Area demographics include a population of 53,893 within five miles earning $59,451 as the average household income. The average daily traffic count is 38,100 vehicles. Westborough – Bay State Commons, a mixed-use center featuring a 260,000 sq.ft. retail component, has spaces available from 2,400 sq.ft. to 28,000 sq.ft. Roche Bros. and Stein Mart anchor the center. Cotenants include Ted’s Montana Grill, Verizon Wireless, Mattress Giant, Claire’s, Starbucks, The Paper Store, Mendon Wine & Spirits, Boston Sports Club, Panera Bread, Stride Rite, GNC, Cost Cutters and BankNorth. Area demographics include a population of 738,634 within 15 miles earning $99,781 as the average household income. For details regarding the Pittsfield property, contact Andrew Aberham, Philips International, 295 Madison Avenue, New York, NY 10017; 212-951-3833, Fax 212545-1355; Email: aaberham@pihc.com; Web site: www.pihc.com. For details regarding the Westborough property, contact Daniel C. Richman; 212-951-3848; Email: drichman@pihc.com.
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Wellesley – A mixed-use building located along Route 9 has a divisible space of 3,100 sq.ft. available. Area retail includes Dunkin’ Donuts and Justine’s Restaurant. Area demographics include a population within one mile earning $114,600 as the median household income. For details, contact Scott Moriyama, Conviser Property Group, 858 Washington Street, Dedham, MA 02026; 781320-0600 Ext. 4, Fax 781-791-4599; Email: scott@conviserpg.com; Web site: www.conviserpg.com.
Michigan Burton – Courtland Center, located at the intersection of Court Street and Center Road, has space available along with outlots of 1.2 acres, 2.5 acres and 3.1 acres. Cotenants include JCPenney, Staples, Dunham’s Sports, Jo-Ann Fabrics, The Finish Line, Famous Footwear, Claire’s, Kay Jewelers, Bath & Body Works, RadioShack, Pearle Vision, Old Country Buffet and Planet Fitness. Area demographics include a population of 138,666 within five miles earning $44,834 as the median household income. The average daily traffic count is 31,000 vehicles. (continued on page twenty)
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Space Place Michigan
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For details, contact Adam Moschin or Evan Shtulman, Tucker Development Corp., 799 Central Avenue, Suite 300, Highland Park, IL 60035; 847-926-9999, Fax 847-926-9996; Emails: amoschin@tuckerdevelopment.com and eshtulman@tuckerdevelopment.com; Web site: www.tuckerdevelopment.com.
Mississippi Tunica Resorts – Casino Factory Shoppes, a 161,900 sq.ft. center with a 72,500 sq.ft. proposed expansion located along Highway 61 North, has space available. Cotenants include Bass, Carter’s Childrenswear, dressbarn, Factory Brand Shoes, Gap Outlet, GNC Outlet, Hibbett Sports, IZOD Outlet, Kitchen Collection, Nautica, Old Navy, Oshkosh B’Gosh, Reebok Outlet, rue21, The Children’s Place, Van Heusen, Wilson Leather and Zales. Area demographics include a population of 115,945 within 25 miles earning $52,112 as the average household income. For details, contact Mark Curcio, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 150, Fax 610664-1976; Email: mcurcio@stoltzusa.com; Web site: www.stoltzusa.com.
New Jersey Absecon – Marketplace of Absecon, a 104,556 sq.ft. neighborhood shopping center located along White Horse Pike, has spaces available from 1,142 sq.ft. to 20,454 sq.ft. Rite Aid, Advance Auto and Dollar Tree anchor the center. Cotenants include Kids Campus, Bagel Gourmet II, J&J Cigars, White Horse Wine & Spirits, Village Dry Cleaners, China Sea Restaurant, Island Gym & Fitness, Arby’s and Tripician Macaroons. Area retail includes ShopRite. Area demographics include a population of 69,370 within 5 miles earning $72,233 as the average household income. Boonton – A&P Shopping Plaza, a 62,908 sq.ft. neighborhood shopping center located along Myrtle Avenue, has a divisible space of 5,120 sq.ft. available. A&P anchors the center and cotenants include Dunkin’ Donuts, Hot Bagels, Supercuts, Subway and Chase Bank. Area demographics include a population of 482,001 within 10 miles earning $120,875 as the average household income. For details, contact Maria Fernandes, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-227-5570; Email: mfernandes@acadiarealty.com. page 20
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New York
Dover – Salem Plaza, a 25,000 sq.ft. strip center situated on 1.9 acres at the intersection of South Salem Street and Franklin Road, has spaces available of 1,520 sq.ft.; 1,805 sq.ft. and 3,250 sq.ft. Advance Auto anchors the center. Cotenants include Angelo’s Bakery and Alonso’s Steakhouse. Area retail includes Kmart, Staples, Petland, Subway, Pizza Hut, PNC Bank, McDonald’s, RadioShack, Dunkin’ Donuts and Sally Beauty Supply. Area demographics include a population of 141,326 within five miles earning $105,465 as the average household income. The average daily traffic count exceeds 21,000 vehicles. Woodcliff Lake – A&P Fresh Center, an 80,000 sq.ft. strip center located at the intersection of Chestnut Ridge Road and Tice Boulevard, has a 1,700 sq.ft. space available. A&P Fresh anchors the center. Area retail includes J. Crew, Gap, The Gym, GameStop, Apple, Panera Bread, Victoria’s Secret, Wachovia Bank, Banana Republic and The Children’s Place. Area demographics include a population of 203,772 within five miles earning $127,453 as the average household income. For details regarding the Dover property, contact Lew Finkelstein, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700, Fax 201-703-9678; Web site: www.thegoldsteingroup.com. For details regarding the Woodcliff Lake property, contact Wayne King; Email: rwking@thegoldsteingroup.com.
rent is $28 psf with CAM of $8 psf and taxes of $7 psf. For details, contact Joseph Alessandro, Capstone Realty, LLC, 141-07 20th Avenue, Suite 507, Whitestone, NY 11357; 718747-6700, Fax 718-747-7793; Email: jalessandro@capstonerealtynyc.com; Web site: www.capstonerealtynyc.com. Tarrytown – Tarrytown Centre, a 34,979 sq.ft. community shopping center located at the intersection of Cortlandt Street and Wildey Street, has spaces available of 1,038 sq.ft.; 2,147 sq.ft. and 2,547 sq.ft. Walgreens anchors the center and cotenants include JP Morgan Chase, Dunkin’ Donuts and Dollar Dream. Area retail includes McDonald’s. Area demographics include a population of 35,192 within three miles earning $116,661 as the average household income. For details, contact Maria Fernandes, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-227-5570; Email: mfernandes@acadiarealty.com.
North Carolina
Fairfield – Plaza 46, a 10,000 sq.ft. strip center located along Route 46 East between Passaic Avenue and Hollywood Boulevard, has a 2,420 sq.ft. space available. Cotenants include Leisure Fitness and WindowRama. Area demographics include a population of 156,000 within five miles earning $91,000 as the average household income. For details, contact Anthony Vita, Vita & Vita Realty Corp., 277 Fairfield Road, Fairfield, NJ 07004; 973-227-5233; Email: tony@vitarealty.com.
Elkin – Shoppes at Elkin, a 30,900 sq.ft. strip center situated on 7.92 acres at the intersection of Highway 268 Bypass/CC Camp Road and Morrison Street, has outlots of 44,431 sq.ft.; 56,192 sq.ft. and 64,904 sq.ft. available. Cotenants include Dollar Tree, Hibbett Sports, Cato and Shoe Show. Area retail includes Walmart, Lowe’s Home Improvement, McDonald’s and Murphy USA. Area demographics include a population of 33,839 within 10 miles earning $51,011 as the average household income. The average daily traffic count is 13,000 vehicles. For details, contact S. Douglas Spell, Jemsite Development, LLC, PO Box 1000, Jefferson, NC 28640; 336846-2250, Fax 336-846-1677; Email: doug.spell@jemsitedevelopment.com; Web site: www.jemsitedevelopment.com.
New York
Ohio
Maspeth – The Shops at Grand Avenue, a 99,986 sq.ft. strip center located at the intersection of Grand Avenue and 74th Street, has a 5,750 sq.ft. space available. Super Stop & Shop anchors the center and cotenants include Mandee, Party City, Petland Discounts, Sally Beauty Supply, Sleepy’s and Ridgewood Savings Bank. Area demographics include a population of 2.616 million within five miles earning $48,603 as the median household income. The asking
Bowling Green – Bowling Green Plaza, a 91,370 sq.ft. center located at the intersection of South Main Street/SR 25 and Gypsy Lane, has a 4,900 sq.ft. space available along with a pad site. Hobby Lobby anchors the center and cotenants include Staples, Famous Hair Salon and McDonald’s. Area retail includes Walmart Supercenter, Home Depot, Aldi, Peebles, Petco, AutoZone and Kroger. Area draws include Bowling Green State
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d o o g g n i k o o l s i 201 Rep ortin g The Nat ion’ s Wee kly New s on XLIII Ret ailin g & Ret ail Rea l Esta te
Volume XXV No.
Apparel Chains Exp and
May 22-25, 2011 The Dealmakers May 27th issue
distributed at RECon The Global Retail Real Estate Convention in Las Vegas, NV, delivers your advertising message to the real decision makers. Our readers respond and our advertisers get results. SET THE STAGE Book appointments in advance by placing your ad in The Dealmakers May 13th pre-show issue, telling everyone you’re ready to make deals!
November 12, 2010
Nationwide
Eileen Fisher, Inc. FEaTuRiN trades as Eileen Fisher, g Fisher Co. Store, Eileen Fisher Boutiq Eileen Jos. A. Bank Clothiers, Inc. trades as Jos. Eileen Fisher Lab ue and Bank Clothie Store at 52 locatio ICSC Southeast Confe A. rs at 494 locations ns throughout AZ, CA, CO, CT, nationwide. The rence stores, offering men’s FL, IL, MA, MD, MI, NJ, NM, of apparel, occupy New Construction NY, OR, PA, VA, spaces 4,000 sq.ft. to 4,500 WA and Washington, Century Retail is sq.ft. in lifestyle stores, offering women DC. The special developing a and ty 375,000 centers and urban/ ’s apparel, occupy sq.ft. mixed-u of 1,000 sq.ft. to downtown areas. in Avondale Estates, se project 2,500 sq.ft. in upscal spaces Growth opportunities GA........... Pg. 3 are lifestyle centers and downtown areas. e malls, major metropolitan market sought throughout Observations & Convers opportunities are s nationwide during Growth the comin ations Pg. 4 sought nationwide g 18 months. Preferr during the includ coming 18 month ed demographics Profile s. e a population For more inform Real Estate Southea miles earning $90,00 of 150,000 within five st, LLC ....... Pg. ation, contact Karen 6 0 as the average househ Eileen Fisher, Inc., Gray, income. old Two Bridge Street, The company will Buyers & Sellers Irvington, in malls NY 10533; 914-59 also consider locatin Coyote GRF|Inv 1-5700, Fax 914-59 g and factory outlet estors, LLC Web site: www.e centers 1-8900 and . ; Garrison For more inform Investm ileenfisher.com. ation, contact Joe acquired six centers ent Group Jos. A. Bank Clothie throughout Foley, AL, GA and NC ............ rs, Inc., 500 Hanov American Eagle ........... Pg. 8 Hampstead, MD er Pike, Outfitters, Inc. 21074 trades as 443-50 ; 443-508-4871, American Eagle Thalhimer is selling Fax Outfitt 8-4799; Email: an 88,298 sq.ft. center in Richmon jfoley@jos-a-bank.co nationwide and throug ers at 950 locations Web d, VA .... Pg. 15 site: www.josbank m; hout Canada and .com. Rico. The stores, Puerto Openings offerin casual apparel, footwe g men’s and women’s Pretty Urban Outfitters Girl ar and accessories, to open in Memphis, TN ............ spaces of 6,500 occupy and NY. operates 20 locations throughout sq.ft. .............. Pg. 10 NJ The stores, offerin areas. Limited growth in malls and downtown appare g discounted juniors l, occupy spaces JCPenney to open ’ opportunities are three stores of 3,500 sq.ft. to nationwide during sought sq.ft. in during 15,000 2011........................ the outlet, strip, tourist ..... Pg. 12 company also trades coming 18 months. The as well and value centers , as as Food Retailers Expand nationwide and throug aerie at 128 locations are sought urban areas. Growth opportunities LaRosa’s plans to hout Canada. The throughout AL, IL, enter offering women stores, during NJ, NY and PA market ........................ the NC ’s intimate appare the coming ............. Pg. 13 l, spaces of 4,500 18 months, with sq.ft. in malls. Limited occupy representation by Eretz, Sources of Financin Ltd. Typical leases opportunities are growth 10 years. g sought nationwide run A vanilla shell is The Washington during the cotena coming 18 month required. Preferred provided financin Trust Co. s. nts include Target g and T.J. Maxx. Major For more inform centers in MA and for shopping competitors includ RI ............... Pg. ation, contact e Rainbow Shops, 16 Cortazzo, Americ Michael and Ross CitiTrends an Dress for Less. Exclusives 150 Thorn Hill Drive, Eagle Outfitters, Inc., For more Cypress Retail Group Warrendale, PA represents 724-779-5555, Fax 15095; Eretz, Ltd., information, contact Ellaina Dreifac retailers through th h, 724-779-5580; Web out 5916 select markets in CA ............ www.ae.com and sites: 646-457-9837 18 Avenue, Brooklyn, NY 11204; .............. Pg. 16 www.aerie.com. ; Email: ellaina@eretzltd .com. In
ThIs Issue coN TaIN
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s INformaTIo * Retailers opera ting 31,381 locati N oN: ons with plans * Real estate value to open 2,246 d in excess of $80 sites million to be boug * Leasing activit ht, sold & finan y on over 4.9 millio ced n sq.ft. of retail properties
Important News Please Expedite
Postmaster: Period
ical
the News Newmark Knight Cynthia Groves Frank hired managing director, as senior consulting.... Pg. 17
Lease Signings S.L. Nusbaum negotiated leases
Realty Co. throughout VA Pg. 18 Lead Sheet Card$mart seeking stores nationwide ............ .................. Pg. 19 Shoe Sensation to open locations throughout AR, IA, MI, OH, PA, TN and IL, IN, KY, WV ......... Pg. 22 Space Place ............ ................. Pg. 23 Most Valuable Players ............. Pg. 30
For more news go www.dealmakers. to: net Mobile Access Code: 111210_CS3.indd
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University. Area demographics include a population of 51,288 within 10 miles earning $55,566 as the average household income. The average daily traffic count is 14,400 vehicles. Galion – Galion Center, a 91,885 sq.ft. center located along Portland Way North, has spaces available of 1,800 sq.ft.; 6,400 sq.ft. and 7,150 sq.ft. Save-ALot anchors the center. Area retail includes Dollar General, Family Dollar and Geyers Super Value Market. Area demographics include a population of 42,340 within 10 miles earning $53,289 as the average household income. The average daily traffic count is 12,215 vehicles. For details, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com.
Pennsylvania Ardmore – Ardmore West Shopping Center, a 43,000 sq.ft. center located along Route 30/Lancaster Avenue, has a 4,000 sq.ft. space available. Cotenants include Chipotle, Primo
Pennsylvania
Pennsylvania
Hoagies, Baskin-Robbins, Dunkin’ Donuts, Beneficial Savings Bank, Hair Cuttery, Music Training Center, Rite Aid, Ritz Camera, T-Mobile, Verizon Wireless, Wachovia Bank, Wawa and Lacrosse Unlimited. Area retail includes McDonald’s. Area demographics include a population of 110,964 within three miles earning $138,169 as the average household income. The average daily traffic count is 50,000 vehicles. Berwyn – Berwyn Shopping Center, a 33,513 sq.ft. center located at the intersection of Lancaster Avenue and Midland Avenue, has a divisible 4,800 sq.ft. space available along with a 2,000 sq.ft. proposed pad site. Cotenants include CVS, Allegiance Bank, Bravo Pizza, Main Line Nails, Nova Cleaners and Thai Orchid. Area demographics include a population of 103,114 within five miles earning $147,367 as the average household income. The average daily traffic count is 40,000 vehicles. For details, contact Gloria Mercado, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 155, Fax 610664-1976; Email: gmercado@stoltzusa.com; Web site: www.stoltzusa.com.
Pittsburgh – A 12,144 sq.ft. space with basement space is available. Area draws include PNC Park, Heinz Field, The Carnegie Science Center and Rivers Casino and Gaming Resort. For details, contact Herky Pollock or Jason Cannon, CB Richard Ellis, 600 Grant Street, Suite 1400, Pittsburgh, PA 15219; 412-3949840/9805; Emails: herky.pollock@cbre.com and jason.cannon@cbre.com; Web site: www.cbre.com.
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Virginia Woodstock – Shenandoah Square, an 83,779 sq.ft. center located along South Main Street, has spaces available of 1,300 sq.ft.; 2,264 sq.ft. and 2,800 sq.ft. Food Lion, Peebles and Sherwin-Williams anchor the center. Area demographics include a population of 23,802 within 10 miles earning $63,821 as the average household income. For details, contact Jerry Taylor, Renaud Consulting, 8605 Westwood Center Drive, Suite 309, Vienna, VA 22182; 703-4042346; Email: jtaylor@renaudconsulting.net; D M Web site: www.renaudconsulting.net.
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March 18, 2011
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FOR LEASE 2 outstanding California locations
YORBA LINDA: 22401 Old Canal Road 25,000 square foot, Freestanding Building • 25,000 sqft • 3.9 acres • Asking $19.50 NNN (1.63 monthly) • 2011 real estate taxes estimated to be $3.13 psf ($0.27 monthly) • Area retailers include Kohls, Costco, Staples, Best Buy, Target, Dicks and Home Depot • Easy access to the 91 freeway • High income area
SHERMAN OAKS: 14651 Ventura Blvd 24,890 square foot freestanding building • 24,890 sqft • 0.79 acres • Asking $29.00 NNN (2.42 monthly) • 2011 real estate taxes estimated to be $4.89 psf (0.41 monthly) • Area retailers include Walmart, Big Kmart, Sears, Macys, Toys-R-Us, Lowes, and Sam’s Club • Two Story Parking Lot included • Located on a signalized intersection For more information please contact:
• High income area
Lee Cherney 888.546.7767 ext 111
Matthew Makler 888.546.7767 ext 118
Steven Sandelman 888.546.7767 ext 104
lcherney@kinproperties.com
mmakler@kinproperties.com
ssandelman@kinproperties.com
KIN PROPERTIES 185 NW Spanish River Blvd Boca Raton FL 33431 1.888.KIN.PROP
Information shown on this sheet was furnished by sources deemed reliable and is believed to be accurate but no warranty or representation is made as to the accuracy thereof and is subject to correction. Prices subject to change without notice - Kin Properites Inc.
Weingarten West Coast on the Move in 2011! Stony Point Plaza Santa Rosa, CA
Space Available: 1,050 SF - 12,000 SF
• Major $15 million remodel in progress • Just signed Anna’s Linens, Fallas Parades, Ross Dress for Less and Goodwill - all expected to open in Fall of 2011 • Only anchored retail in Southwest • Over 88,000 SF to open Fall 2011 • Number 1 Grocer
580 Market Place Castro Valley, CA
Space Available: 1,392 SF - 1,400 SF
• Just signed 36,110 SF Safeway to anchor center • Safeway will further enhance the center’s standing as Castro Valley’s premiere shopping destination • Expected opening Spring 2011
Stop by and visit us at Monterey ICSC March 15-17, 2011 www.weingarten.com 800.866.6959