Dealmakers Magazine | March 19, 2010 by The Dealmakers Magazine

Reporting The Nation’s Weekly News on Retailing & Retail Real Estate

Volume XXV No. XI

March 19, 2010

Supermarket Chains Expand Nationwide Trader Joe’s operates 300 locations throughout AZ, CA, CT, DE, GA, IL, IN, MA, MD, MI, MN, MO, NC, NJ, NM, NY, OH, OR, PA, RI, TN, VA, WA, WI and Washington, DC. The specialty supermarkets occupy spaces of 11,000 sq.ft. ot 12,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout NJ and Rockland County, NY during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years. Specific improvements are required. The company prefers to locate in affluent markets. For more information, contact Ron DeLuca, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732721-9241; Email: rdeluca@njretailrealty.com; Web site: www.njretailrealty.com. The Fresh Market operates 92 locations throughout the mid-Atlantic, midwestern, northeast and southeastern regions. The specialty grocery stores occupy spaces of 22,000 sq.ft. in freestanding locations and power and specialty centers. Growth opportunities are sought throughout Baltimore, MD, northern VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. Major competitors include Whole Foods Market. For more information, contact Charlie Phelps, Paraclete Realty, 408 Headquarters Drive, Suite 3C, Millersville, MD 21108; 410-987-9500, Fax 410987-9502; Email: charlie@paracleterealty.com; Web site: www.paracleterealty.com.

Big Saver Foods operates 16 locations throughout CA. The supermarkets occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding locations and power and strip centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout southern CA during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 100,000 within two miles earning $30,000 as the average household income. Major competitors include R-Ranch Markets. The company prefers to locate in areas with high vehicle and foot traffic counts. For more information, contact Ukabhai Solanki, Big Saver Foods, 4260 Charter Street, City of Vernon, CA 90058; 323-582-7222, Fax 323-582-2331. Aldi operates 1,000 locations nationwide. The discount supermarkets occupy spaces of 17,800 sq.ft. in inline spaces, pad sites and development lots. Growth opportunities are sought throughout NJ and eastern PA during the coming 18 months, with representation by Fameco Real Estate, LP. The company will consider acquiring sites and ground leases. Preferred demographics include a trade-area population of 35,000 within three miles. For more information, contact Rick Weinberg, Fameco Real Estate, LP, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793; Email: rweinberg@famecoretail.com; Web sites: www.famecoretail.com and www.aldi.com. (continued on page nine)

This issue contains information on:

* Retailers operating 20,535 locations with plans to open 1,458 sites * Real estate valued in excess of $306.25 million to be bought, sold & financed * Leasing activity on over 8.866 million sq.ft. of retail properties

Important News Please Expedite

Postmaster: Periodical

The Dealmakers cares about our environment

this package is recyclable where facilities accept

Featuring Monterey Idea Exchange New Construction Frost, Inc. is preleasing a center in Arcadia, CA............ Pg. 3 Buyers & Sellers The Macke Co. looks to acquire anchored centers throughout CA Pg. 4 Wallender Commercial is selling a freestanding building in San Bernardino, CA........... Pg. 7 Openings Costco will open a store in Roseburg, OR........................ Pg. 5 Aaron’s, Inc. will open an Aaron’s in Albuquerque, NM Pg. 8 Profile|Dasher/Lawless, Inc.

Pg. 6

In The News CB Richard Ellis hired two professionals in its San Diego, CA office............................... Pg. 7 Sources of Financing American Realty Advisors provides financing in amounts ranging from $5 million to $30 million............................ Pg. 8 Exclusives Michael Salove Co. represents Doctors Express, a chain of urgent care medical centers.... Pg. 8 Food Retailers Expand La Pizza Loca looks for sites throughout CA....................... Pg. 9 Lease Signings illi Commercial negotiated a lease with Louise Pharmacy for space in Encino, CA......... Pg. 10 Lead Sheet Fletcher’s Tire & Auto Service looks for sites throughout AZ and CA.................................. Pg. 11 GameStop looks to expand throughout the San Francisco, CA Bay area........................... Pg. 13 Space Place........................... Pg. 16

For more news go to: www.dealmakers.net

A national WOMENâ&#x20AC;&#x2122;S specialty retailer.

The company operates more than 400 stores in 26 states. Dots three year growth plan includes opening new stores in all 26 states.

Site Criteria * Power centers, regional and community shopping centers with national tenants, deep discount anchors, dominant supermarket or discount apparel anchors * Targeting 4,000 to 5,000 square feet with a minimum 40 foot storefront

Demographic ProďŹ le * Metropolitan, urban and suburban markets * Typical trade area population of at least 75,000 * Median household income of $45,000 to $65,000

* More than 400 stores! * 26 STATES! Real Estate Contacts Kyle Koenig 440-349-7040 Director of Real Estate

kkoenig@dots.com

John Clark 440-349-7744 Director of Store Development

jclark@dots.com

Alex Glantzis 440-424-2513 Real Estate Representative

aglantzis@dots.com

www.dots.com

New Construction Barclay Group is preleasing future phases of Mountainside Crossing, a 122,870 sq.ft. center situated on 17.46 acres at the intersection of Lake Pleasant Road and Happy Valley Road in Peoria, AZ. Cotenants include Mountain Side Fitness, CVS, Chase Bank, Jack in the Box, Checker Auto Parts, Bedmart, Taco Bell, Panda Express and Discount Tire. Area retail includes Best Buy, Ross Dress for Less, Home Depot, Pier 1 Imports, Kohl’s, PetSmart, Sport Chalet, OfficeMax, Lowe’s Home Improvement, U.S. Bank, Wachovia Bank, Shoe Pavilion, SuperTarget, Bed Bath & Beyond and

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............................................ Nicholas Hamner nicks@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder..................................................... Ted Kraus 1979–2007

The Dealmakers TM (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. 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 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! TM

POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2010 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.

Marshalls. Area demographics include a population of 241,214 within a seven-mile radius earning an average household income of $70,634. The average daily traffic count is 50,035 vehicles. For more information, contact Jim Gardner, Barclay Group, 7702 East Doubletree Ranch Road, Suite 220, Scottsdale, AZ 85258; 480-596-9399, Fax 480-596-6366; Email: jgardner@barclaygroup.net. Bradford Real Estate is preleasing Franklin Marketplace, a 61,000 sq.ft. neighborhood center situated on 10 acres at the intersection of Grand Avenue and Mannheim Road in Franklin Park, IL. Sonic Drive-In, CVS and Chase Bank anchor the center and pad sites of 42,253 sq.ft. and 3.62 acres are available. Area retail includes Jewel-Osco and Kmart. Area demographics include a population of 1.881 million within a 10-mile radius earning an average household income of $74,781. The average daily traffic count is 77,300 vehicles. Groundbreaking commenced during October 2009, Sonic Drive-In opened during January and CVS and Chase Bank are slated to open this summer. For more information, contact Sarah Arthur, Bradford Real Estate, 10 South Walker Street, Suite 2935, Chicago, IL 60606; 312-755-8017, Fax 312-755-8070; Email: arthur@bradfordchicago.com; Web site: www.bradfordchicago.com. High Real Estate Group, LLC is developing Mill Creek Square, a 285,000 sq.ft. community shopping center situated on 35 acres along U.S. Route 30/Lincoln Highway East in Lancaster, PA. Kohl’s anchors the center and cotenants include Bed Bath & Beyond, Christmas Tree Shops and Ross Dress for Less. Phase one is slated to open during October and phase two is scheduled to open during May 2011. Area retail includes Rockvale Square, Tanger Outlets, Target, Walmart, Costco and Best Buy. For more information, contact H. Stephen Evans, High Real Estate Group, LLC, 1853 William Penn Way, Lancaster, PA 17601; 717-209-4069; Email: sevans@high.net. Koniver Stern Group is preleasing retail space at Lincoln Theatre, a 38,000 sq.ft. theater located along Lincoln Mall Road in Miami Beach, FL. The theater is slated to begin redevelopment into a retail center during 2011 and is slated to open during 2012 or 2013. For more information, contact Konover Stern Group, 1665 Washington Avenue, Penthouse, Miami Beach, FL 33139; 305532-6100, Fax 305-532-6101; Web site: www.koniversterngroup.com. www.dealmakers.net

The

Strategic Retail Group is redeveloping Lincoln Village, located at the intersection of Scottsdale Road and Lincoln Drive in Scottsdale, AZ. Cotenants include AJ’s, Trader Joe’s, Fogo De Chao and a future Walgreens. A divisible space of 5,300 sq.ft. is available. Area demographics include a population of 173,138 within a five-mile radius earning an average household income of $109,310. The average daily traffic count is 48,000 vehicles. The redevelopment is slated for completion during the spring. The company is also preleasing additional phases of Oro Valley Marketplace, a 794,241 sq.ft. center located at the intersection of Tangerine Road and Oracle Road in Oro Valley, AZ. Walmart, Dick’s Sporting Goods, Century Theatres, DSW, Best Buy and Tilly’s anchor the center. Shop spaces, endcaps and pad sites are available. Area demographics include a population of 75,388 within a seven-mile radius earning an average household income of $88,549. The average daily traffic count is 53,000 vehicles. The company is also preleasing additional phases of Queen Creek Marketplace, a 900,000 sq.ft. center located at the intersection of Ellsworth Loop Road and Rittenhouse Road in Queen Creek, AZ. Cotenants include SuperTarget, PetSmart, Bed Bath & Beyond, Stein Mart, Cost Plus World Market, Kohl’s and Ross Dress for Less. Endcaps and restaurant and bank pad sites are available. Area demographics include a population of 119,797 within a seven-mile radius earning an average household income of $79,951. For more information, contact Matt Milinovich or James Decremer, Strategic Retail Group, 2525 East Camelback Road, Suite 740, Phoenix, AZ 85016; 602-7783830/3840, Fax 602-778-3839; Emails: mattm@srgaz.com and jamesd@srgaz.com; Web site: www.srgaz.com. Frost, Inc. is preleasing Dukeland, LLC, a strip center situated on a land area of 100,000 sq.ft. at the intersection of Las Tunas Drive and El Monte Avenue in Arcadia, CA. Spaces of 1,000 sq.ft.; 5,000 sq.ft. and 10,000 sq.ft. are available. CVS anchors the center. Area retail includes Kragen Auto Parts, Ralph’s, Pavilion Supermarket and Burger King. Area demographics include a population of 535,789 within a five-mile radius earning an average household income of $81,590. The average daily traffic count is 29,276 vehicles. The asking monthly rent is $3.50 psf with CAM of $0.40 psf and taxes of $0.40 psf. For more information, contact Hugo Chau, Frost, Inc., 5917 Oak Avenue, Suite 330, Temple City, CA 91780; 626-689-0811; Email: hugochau@gmail.com. DM

Dealmakers

March 19, 2010

page 3

FIGHTING VACANCIES? Put the Prospecting Champ in Your Corner

40 Years Proven Success!

Leasing Leads Via Targeted Direct Mail

for shopping centers, office & medical bldgs.

www.tenantsbymail.com

March 19, 2010

Brauvin Net Lease, Inc. acquired a 19,000 sq.ft. Tractor Supply Co. situated on three acres along U.S. Highway 31 in Westfield, IN. The company also acquired a 19,000 sq.ft. Tractor Supply Co. situated on three acres along U.S. Highway 31 in Greenwood, IN. The company is also looking to acquire single-tenant retail properties located in A and B markets nationwide. Suitable properties feature national tenants, are located in markets with populations above 50,000, are offered as fee simple and priced between $1 million and $5 million. For more information, contact Mark C. Lewensohn or Eric Saltzman, Brauvin Net Lease, Inc., 205 North Michigan Avenue, Suite 1900, Chicago, IL 60601; 312-759-7662/ 7668; Emails: mlewensohn@brauvin.com and esaltzman@brauvin.com; Web site: www.brauvin.com. The Macke Co. is looking to acquire anchored retail properties located throughout CA. Suitable properties are priced between $25 million and $100 million. The company is also looking to acquire anchored retail properties located throughout the western U.S. Suitable properties feature assumable financing and are priced between $20 million and $100 million. For more information, contact Dan Macke, The Macke Co., 895 Embarcadero Drive, Suite 201, El Dorado Hills, CA 95762; 916-939-1498, Fax 916-939-1499; Email: dmacke1@aol.com.

Our Prospects + Your Leasing…Is The Right Combination

page 4

Buyers and Sellers

The

Calkain Cos., Inc. is selling a 9,100 sq.ft. Dollar General site located along West Washington Street in Petersburg, VA. The tenant is bound to a 15-year NN lease set to expire during April 2025 featuring five, fiveyear options, a 3% rent escalation at year 11 and 10% rent escalations at each option. The average daily traffic count is 14,000 vehicles. The asking price is $983,550 with a Cap rate of 8.25%. For more information, contact Andrew Fallon, Calkain Cos., Inc., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 703-787-4714; Email: afallon@calkain.com; Web site: www.calkain.com. CC Realty Advisors is looking to acquire power and strip centers nationwide. Suitable properties feature tenants bound to NNN leases and asking prices ranging from $2 million to $25 million with Cap rates above 10%. For more information, contact Derryck Noser, CC Realty Advisors, Three Riverway, Suite 670, Houston, TX 77056; 713-9630963; Email: dnoser@ccrealtyadvisors.com; Web site: www.ccrealtyadvisors.com. Dealmakers

www.dealmakers.net

The Proto Group, LLC brokered the sale of a 6,773 sq.ft. former Hops Restaurant site and a 4,100 sq.ft. IHOP site located on an outlot at the intersection of Berlin Turnpike and Deming Street in Newington, CT. The IHOP site is occupied under a long-term ground lease. The former Hops Restaurant was later filled with Carson’s Restaurant. The outlot is shadow-anchored by Lowe’s Home Improvement. Windalier Newington, LLC disposed of the property for $2 million. Pierce Atwood represented the seller and Parrett, Porto, Parese and Colwell, PC represented the buyer in the transaction. For more information, contact The Proto Group, LLC, 116 Washington Avenue, North Haven, CT 06473; 203-234-6371; Web site: www.theprotogroup.com. RDS Equity International, Inc. is looking to acquire retail centers and malls located nationwide. Suitable properties are priced above $100 million. For more information, contact Robert Stuart, RDS Equity International, Inc., 13064 Bender Drive, Moreno Valley, CA 92553; 951-247-2426; Email: bob.stuart@rdsequityinternational.com. Morse Properties, Inc. is looking to acquire restaurant sites located throughout the southeastern U.S. Suitable properties are occupied by Chick-fil-A or McDonald’s under NNN ground leases. For more information, contact Robert Morse, Morse Properties, Inc., 200 Ocean Avenue, Suite 202, Melbourne Beach, FL 32951; 321-728-8938; Email: rwmorse@gmail.com. People’s Choice Brokers is selling a 0.50-acre parcel located in Lafayette, CA. Area retail includes McDonald’s, Starbucks, Safeway, Trader Joe’s, Peet’s, Noah’s and Whole Foods Market. The asking price is $2 million. For more information, contact Dave Schnayer, People’s Choice Brokers, PO Box 6561, Moraga, CA 94570; 510-295-3251; Email: commercialre@joinpcb.com; Web site: www.investmentsnnn.com. NAI Capital, Inc. is selling parcels located along Interstate 215, between Clinton Keith Road and Newport Road in Murrieta, CA. Parcels of 11.94 acres and 14.54 acres are available. Area draws include Loma Linda University Hospital. The asking price is $9.25 psf. For more information, contact Dave Stolte or John Alstrom, NAI Capital, Inc., 4650 Von Karman Avenue, Newport Beach, CA 92660; 949-468-2318/2387, Fax 949-854-7378; Email: davestolte@naicapital.com. (continued on page seven)

Who’s Opening and Where General Nutrition Centers, Inc. (412288-4600) will open a 1,796 sq.ft. GNC at Culpeper Colonnade Shopping Center, located along Business Route 29 in Madison, VA. The tenant will join Target and Martin’s at the center. The company currently operates 4,800 locations nationwide and internationally in 48 markets. Wal-Mart Stores, Inc. (479-273-4000) will open a 154,000 sq.ft. Walmart Supercenter at the intersection of 43rd Avenue Northeast and State Highway 531/172nd Street Northwest in Arlington, WA. The store is slated to open during October and the opening will be the company’s 50th store in WA. The company is also planning to open a 203,000 sq.ft. Walmart Supercenter that will anchor a new retail center being constructed the site of the former Parkdale Plaza center in Corpus Christi, TX. The store is slated to open during April 2011. Naartjie Custom Kids, Inc. (650-3732160) plans to open Naartjie Kids stores nationwide. The stores offer apparel for children below the age of 10. The company currently operates locations nationwide and throughout South Africa.

Panera Bread Co. (314-633-7100) plans to open a Panera Bread restaurant in a former Ski Market site located along Franklin Street in Braintree, MA. The company plans to open the café sometime during June. Harris Teeter, Inc. (704-844-3100) is opening a Harris Teeter supermarket at Surf City Crossings, located along NC Route 210 in Pender County, NC. The 48,000 sq.ft. store will open during the fall or winter. Dollar General Corp. (615-855-4000) plans to open a Dollar General discount store along U.S. Highway 136 in Hamilton, IL. The company currently operates 8,400 stores nationwide throughout 35 states. Casey’s General Stores, Inc. (515-965-6100) will open a Casey’s General Store in Neosho, MO during the spring or summer. The 3,700 sq.ft. convenience store will be in the design of the company’s new concept, which features more fuel pumps, a larger and more upscale interior, an expanded cooler section and a made-to-order sandwich station. The company currently operates 1,488 stores throughout IA, IL, IN, KS, MN, MO, NE, SD and WI.

Costco Wholesale Corp. (425-313-8000) plans to open a Costco at the intersection of Northeast Stephens Street and Kenneth Ford Drive in Roseburg, OR. The store will occupy 150,000 sq.ft. and the site will include a gas station. The store is scheduled to break ground next month and open during November. Dunkin’ Brands, Inc. (781-737-3000), through franchisee Travel Mart, Inc., plans to open eight Dunkin’ Donuts locations throughout Madison, WI and the surrounding areas. The franchisee plans to open two locations during 2011 and the remainder by 2014. The company currently operates 8,800 restaurants nationwide and internationally throughout 31 countries. Vitamin Shoppe, Inc. (201-868-5959) plans to open a Vitamin Shoppe in a former S&K site at Valley View Station, located along Valley View Boulevard in Roanoke, VA. The stores offer vitamins, herbal supplements, homeopathic remedies and sports nutrition products. The opening will be the company’s first in Roanoke and it currently operates 434 units throughout 37 states nationwide. (continued on page eight)

Choosing the Right Site is Crucial to Your Success 2009 Nielsen Claritas Update Demographics Now Available!

Avoid Investing in Locations That Won’t Meet Your Revenue Expectations. It is imperative in today’s economy that you are right about your site location decisions. One bad site choice can cost you millions in lost revenue.

Visit www.claritas.com/dealmakers for details or call (877) 707-2385.

Nielsen Claritas provides accurate answers to the following questions: • Where should I open new sites? • Which unproductive sites should I close? • Where are my best opportunities for expansion?

s at ICSC’s RECon Booth #5000.

With accurate demographics, robust technology and the largest partner network in the industry, our state-of-the-art solutions transform site location strategies into actionable plans for success.

www.dealmakers.net

The

Dealmakers

March 19, 2010

page 5

Profile — A monthly column featuring retail real estate companies Dasher/Lawless, Inc. — Company Fills the Hole in the Doughnut by Nicholas Hamner California is a land of discovery and innovation, and it has been since it became a U.S. territory in the mid-19th century. A fashion staple was born in a young San Francisco when denim jeans were created to help miners cope with the state’s rough terrain. The modern motion picture evolved in the Hollywood hills outside of Los Angeles and the personal computer was invented by two college kids in a garage in Los Altos. Dasher/Lawless, Inc. continues the spirit of discovery and innovations with its urban redevelopment in California. The company was founded in Los Angeles during late 2001 by Christopher Alan, a general contractor with experience in large masterplanned developments in Florida and California. The company’s president originally developed single- and multi-family projects and slowly began hiring the team members that comprise the Dasher/ Lawless staff of development specialists. Michael O’Bryan, an architect with an international body of work, is the company’s vice president of design and development; Brent Makaus heads up the company’s financing using a career’s worth of knowledge on hedge funds and REITs; Joe Chilano serves as vice president of construction services; Justin Herd serves as accounting head and works with financial services, arranging all construction financing; Bridget Moss is the company’s in-house attorney handling all entitlement filings, and Zina Hyman and Nick Ritch handle the in-house leasing duties. Alan says having an all-encompassing in-house staff allows the company to take several steps that save time and money. “We do all entitlements in-house, meaning no land use attorneys, and we assemble all properties ourselves,” he says. “We do not use brokers to assemble our properties. We identify land with value-add potential, do all our own research and cut deals with the owners.” Knocking out land use attorneys and brokers allows for significant cost savings, as does having an in-house design department. “When a project bounces back and forth between the designers and the planners as the final design is being hammered out, all the trips and downtime cost time and waste money. By having an on-staff architect to work with at all stages of planning, we are able to save considerable amounts of time and money.” The company specializes in urban redevelopment which, in California, can be difficult. Alan says, “The development climate here can be daunting. You can have successful developers new to the state come in and spend millions of dollars and years in the entitlement process and get nowhere.” The pressure from community groups and the political maneuvering required to move a project forward can stall even the most experienced developers, but the Dasher/Lawless navigates through these obstacles with precision. He says, “We go into areas that the bigger developers do not, either because they do not wish to deal with the issues that arise from multiple property owners, there are restrictive

entitlements from the municipality or they anticipate pressure from community groups.” He says, “We are willing and able to handle the challenges these elements present. We analyze the property’s location and the market’s needs, and we try and fill the niche.”

The Glen | North Hollywood, CA

The company is currently working on two projects. The first, The Glen, is a phased redevelopment of an existing shopping center located in the San Fernando Valley at the intersection of Victory Boulevard and Coldwater Canyon Avenue in North Hollywood, CA. The development process for such a large project is progressive for the company, as various phases will begin as they come out of the entitlement process and construction documents are granted. The project will also be cyclical, with the first phase being the redevelopment of the existing retail center on the site, the subsequent phases being the construction of new buildings on the remainder of the property, and the final phase razing the existing retail center and rebuilding a new one in its place. Ultimately, The Glen will feature retail, office, residential, entertainment, hospitality and transit components.

Piazza Oliva | Burbank, CA

The second project, constituting an entire city block located across the street from the gates at Warner Brothers Studio in Burbank, CA, will be what Alan considers a “true” mixed-use building. “The project includes retail, office and high-end residential components in one building, making it truly mixed-use,” he says. He refers to the project as “a hole in a doughnut,” explaining that the property has remained undeveloped while everything around it has grown. Alan says, “We worked with everyone, from the previous landowners to the city to the fire department, to properly remediate the property. We worked with the city and the Media District to produce something they would like on the property.” Working closely with city officials and community groups is not something Dasher/Lawless shies away from. Alan says, “If you engage the community and

produce a product they want, you can get them involved and generate community support. You need community support to get political will, and once you have the political will in your favor, your project will happen eventually.” He says, “We try to go to every meeting we can to handle objections. If we need to, we will meet with individuals oneon-one to settle their objections.” In addition to handling problems within the community, the company is adept at solving problems presented by the urban sites themselves. Alan says, “Many municipalities are using estimates for water, sewage and groundwater impact that are based on formulas from the early 1900s. They don’t account for improvements in the technology and environmentally-friendly products used in the course of making a building LEED certified.” He notes that estimates based on the use of a fourgallon toilet do not hold true in the age of low-flow fixtures, and that the company is taking the time to educate the city leaders on the new products to help move projects through. Alan also notes the fundamental importance of parking for a project. He says, “It doesn’t matter if you have the approvals to build a 200unit project on a piece of land. If you can only provide parking for 50, you’re only building 50 units.” To increase the amount of available parking available to a project, he has begun implementing automated parking garage components, through his company Auto Parkit, in projects where parking space is limited. He says, “Given the same square footage, automated parking garages offer twice as many parking spaces than a traditional parking garage, while reducing the staffing and ventilation requirements. We have found that, of all the things that can be done for LEED credits, automated parking offers the fastest return on investment.” As the economy soured and the California housing market situation turned dire, Dasher/Lawless, who includes a residential component in every project, could have taken their lumps. Instead, Alan says, the company moved quickly to mitigate problems, converting residential units to rentals when possible. But he says that, in a way, the recession has helped urban development firms. He says “Commuters living in the suburbs were devastated by the rise in gas prices and are looking to move closer to their jobs in the city, keeping demand up for urban developments.” With a product in demand and the ability to move quickly on new endeavors, Dasher/Lawless, Inc. is doing its part to transform the landscape of California as the state begins its recovery. For more information, contact Christopher Alan, Dasher/Lawless, Inc., 6023 Hazeltine Avenue, Los Angeles, CA 91401; 818-989-1282, Fax 818-9890174; Email: christopher@dasherlawless.com; Web site: www.dasherlawless.com. DM

To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at ann@dealmakers.net. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd. page 6

March 19, 2010

The

Dealmakers

www.dealmakers.net

Real Estate Professionals Making the News

Buyers and Sellers (continued from page four)

Grubb & Ellis Co. negotiated the sale of Old Topanga Canyon Shopping Center, a 10,000 sq.ft. neighborhood retail center located along Old Topanga Road in Calabassas, CA. At the time of sale, the center was 82% vacant and bank-owned. The company represented the buyer and the seller in the transaction. The company also negotiated the sale of Homeplace Center, a 60,000 sq.ft. two-level retail center located along East 17th Street in Santa Ana, CA. At the time of sale, tenants included Chipotle, L&L Hawaiian BBQ, Shabu Shabu Bar and Which Wich. The company represented the buyer and the seller in the transaction. For more information, contact Phillip Sample, Chris Caras or Sandi Mann, Grubb & Ellis Co., 445 South Figueroa Street, Suite 3300, Los Angeles, CA 90071; 213-596-2222, Fax 213-488-0819; Emails: phillip.sample@grubb-ellis.com, chris.caras@grubb-ellis.com and sandi.mann@grubb-ellis.com; Web site: www.grubb-ellis.com. Wallender Commercial Real Estate Services, Inc. is selling a 25,000 sq.ft. building situated on a land area of 69,696 sq.ft. along South E Street in San Bernardino, CA. Area retail includes Inland Center Mall. The asking price is $1.579 million. The company is also looking to acquire single-tenant NNN investment properties located throughout the western U.S. For more information, contact Roger Thompson, Wallender Commercial Real Estate Services, Inc., 1980 Orange Tree Lane, Suite 250, Redlands, CA 92374; Email: 1031roger@email.com; Web site: www.wallendercommercial.com. The Shopping Center Group is selling Chisolm Plaza, situated on 4.4 acres along Lower Wetumpka Road in Montgomery, AL. The center is 100% leased. Area demographics include a population of 74,752 within a fivemile radius. The asking price is $795,000 with a Cap rate of 11.25%. For more information, contact Mark Cooley, The Shopping Center Group, 300 Galleria Parkway, 12th Floor, Atlanta, GA 30339; 770-955-2434, Fax 770-951-0054. E.J. Schottenstein Real Estate, LLC is selling a two-level retail building located along East Main Street in Bexley, OH. Area demographics include a population of 271,937 within a five-mile radius earning a median household income of $45,180. For more information, contact Steve Master, E.J. Schottenstein Real Estate, LLC; 614-428-6105 Ext. 2262; Email: steven@ejschottenstein.com.

Marcus & Millichap Real Estate Investment Services negotiated the $1.666 million sale of a 3,500 sq.ft. Chase Bank site located along West Interstate 30 in Garland, TX. The tenant is bound to a 15-year NNN lease featuring three, five-year options and rent 10% escalations every five years. The company’s San Diego, CA office represented the buyer and the seller in the transaction. The company also negotiated the $2.322 million sale of a 3,500 sq.ft. Chase Bank site located along Lake June Road in Balch Springs, TX. The tenant is bound to a 15-year NNN lease featuring 10% rent escalations every five years. The company represented the buyer and the seller in the transaction. For more information, contact Marcus & Millichap Real Estate Investment Services, 9255 Towne Centre Drive, San Diego, CA 92121-3040; 858-452-8300; Web site: www.marcusmillichap.com. RCG Ventures is selling a 6,100 sq.ft. IHOP situated on 1.5 acres in Hilton Head Island, SC. The tenant is bound to a NNN groundlease with 16 years remaining on the original lease term featuring 5% rent escalations every five years. The asking price is $2.74 million. For more information, contact Scott Tarbet, RCG Ventures, 3060 Peachtree Road Northeast, Suite 400, Atlanta, GA 30305; 404-816-5454 Ext. 31, Fax 404-816-5445; Email: scott@rcgventures.com; Web site: www.rcgventures.com. The Rotella Group, Inc., on behalf of a Taco Bell franchisee, is looking to acquire freestanding buildings of 2,800 sq.ft. to 3,000 sq.ft. with drive-thrus situated on 0.75 acres or more throughout Broward, Indian River, Martin, Palm Beach and St. Lucie counties in FL. For more information, contact Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.com. Moody Rambin Interests is selling Pearland Plaza, a 12,054 sq.ft. center situated on 1.24 acres along Broadway in Pearland, TX. The center is 100% occupied. The NOI is $219,039. The asking price is $2.92 million with a Cap rate of 7.5%. For more information, contact Derek Hargrove or Christopher Dray, Moody Rambin Interests, 1455 West Loop South, Suite 700, Houston, TX 77027; 713-773-5507/5528; Emails: dhargrove@moodyrambinint.com and cdray@moodyrambinint.com; Web site: www.moodyrambinint.com. DM www.dealmakers.net

The

CB Richard Ellis (858-646-4727/4771) hired Christina Roush and Paul Komadina to its private client group in San Diego, CA. Roush was hired as senior vice president and Komadina was hired as an investment sales professional. Rockwood Capital, LLC (310-785-0500) promoted Peter Kaye and Tyson Skillings to partner. Prior to joining the firm, Kaye served in the acquisitions group of SSR Realty Advisors. Skillings served as assistant vice president with the company before leaving to join a boutique southern CA firm in the acquisition of retail and mixeduse properties, rejoining Rockwood’s Los Angeles, CA office in 2006. The company is a real estate investment firm that provides equity capital for projects nationwide. The company currently manages a portfolio of $2.85 billion of equity invested in $6.2 billion of real estate. Cassidy Turley BRE Commercial (858625-5244), formerly Grubb & Ellis|BRE Commercial, officially changed its name during January, ahead of a national rebranding effort by other Cassidy Turley affiliates that took place earlier this month. Cassidy Turley was formed earlier this year with the merger of Cassidy & Pinkard Colliers, Colliers Turley Martin Tucker, Colliers ABR, Colliers Pinkard, NAI BT Commercial, CPS Corfac, Grubb & Ellis|BRE Commercial and Colliers Houston & Co. RHYS Commercial (203-274-9800) hired Jason Wuchiski as senior vice president in its retail leasing division. Prior to joining the company, he served as a retail brokerage specialist. He will focus on landlords and retailers throughout CT, NJ and NY and will also serve on the company’s management committee. McKinley (734-769-8520) appointed Leslie Moubray, Tom Gritter, April Davis, Joanna Dettling, Albert L. Berriz and Ping Dai to its executive committee. The company owns and operates a $2.4 billion, 139-property portfolio throughout 19 states nationwide. Colliers Arnold (813-871-8524) hired Alex Sullivan to its retail services team as a retail restaurant specialist. He will serve as an exclusive tenant representative. Prior to joining the company, Sullivan served with WCI as a management trainee before moving into residential and restaurant projects. The company is a full-service commercial real D M estate firm serving central FL.

Dealmakers

March 19, 2010

page 7

Who’s Opening and Where

Sources of Financing Martin Capital Group arranged financing in the amount of $4.228 million for a 14,820 sq.ft. Walgreens situated on 1.74 acres along Tiny Town Road in Clarksville, TN. The nonrecourse loan represents a loan-to-value ratio of 90% and was procured with a 23.7-year amortization schedule coterminous with the tenant’s remaining lease term. For more information, contact Craig Williams, Martin Capital Group, LLC, 1620 Walnut Street, Benton, KY 42025; 270-527-5382, Fax 270-398-0040; Email: craig@martin-capital.com; Web site: www.martin-capital.com. American Realty Advisors provides mezzanine loans and joint venture equity for the acquisition, repositioning, workout and recapitalization of grocery- and drug store-anchored neighborhood centers and mixed-use centers located throughout major metropolitan areas nationwide. Notes are also available for partnership buyouts and restructurings. Loans are available in amounts ranging from $5 million to $30 million with terms ranging from three to five years and senior leverage between 50% and 65%. For more information, contact Kirk V. Helgeson, Daniel S. Robinson or Gary D. Steinhardt, American Realty Advisors, 801 North Brand Boulevard, Suite 800, Glendale, CA 91203; 818-4093279/3242/3275, Fax 818-545-8460; Emails: khelgeson@americanreal.com, drobinson@americanreal.com and gsteinhardt@americanreal.com; Web site: www.americanreal.com. Lumina Funding provides full- and nonrecourse conduit, construction, bridge and mezzanine loans along with construction to permanent financing for retail and mixed-use properties nationwide. The company also provides hard money financing in amounts ranging from $500,000 to $250 million. For more information, contact Mark Ryshke, Lumina Funding; 414-550-1832; Email: mjrgroup1@juno.com. BMC Capital provides loans for the purchase and refinancing of single-tenant NNN and retail properties nationwide. Notes are available in amounts ranging from $500,000 to $10 million for terms ranging from three to seven years with interest rates ranging from 5.25% to 6.95%, 25-year amortization schedules and a maximum loan-to-value ratio of 75%. For more information, contact Carl Esrey, BMC Capital; 214-526-7178; Email: cesrey@bmccapital.com; Web site: www.bmccapital.com. DM page 8

March 19, 2010

The

(continued from page five)

Target Corp. (612-304-6073) will open 10 Target stores this year, down from the 60 stores the company opened during 2009 and the 100 the company averaged for several years prior. Some of the openings will allow the company to test an urban store concept, ranging in size from 60,000 sq.ft. to 100,000 sq.ft. and feature high volume products. The company also plans to remodel 340 stores, expanding the grocery sections and remodeling the shoe, video game and home goods areas. The company currently operates 1,743 stores nationwide and plans to eventually operate 3,000 locations. The TJX Cos., Inc. (508-390-3000) will open a 24,000 sq.ft. T.J. Maxx store at Alpine Crossing, located in Gaylord, MI, during September or October. The clothing and home goods retailer will join Old Navy and OfficeMax at the center. The company currently operates 891 T.J. Maxx stores nationwide along with 822 Marshalls, 325 HomeGoods and 140 A.J. Wright stores. Internationally, the company operates 208 Winners, 93 HomeSense, 263 T.K. Maxx and three STYLESENSE stores.

Walgreen Co. (847-914-2500) plans to open a 13,000 sq.ft. Walgreens drug store with a drive-thru located at the intersection of Cass Avenue and Ogden Avenue in Westmont, IL. Wakefern Food Corp. (908-527-3300) will open a 75,000 sq.ft. ShopRite supermarket on the second level of City Center, a 1.1 million sq.ft. mixed-use center located in White Plains, NY. The tenant joins Target, National Amusements Cinema, Barnes & Noble, OfficeMax, Legal Sea Foods, Zanaro’s Italian Restaurant, Applebee’s, Fleet Bank, Atlanta Bread Co. Greenpoint Bank and Cold Stone Creamery at the center. The company currently operates 200 supermarkets throughout CT, DE, MD, NJ, NY and PA. Aaron’s, Inc. (404-231-0011) will open an 8,300 sq.ft. Aaron’s store at Rio Bravo Square, a 92,600 sq.ft. center located at the intersection of Rio Bravo Road and Coors Boulevard Southwest in Albuquerque, NM, during the summer. The tenant joins AutoZone, Goodwill Industries and Family Dollar at the center. The company currently operates 1,600 rent-to-own home furnishing D M stores nationwide.

Exclusives and Leasing Assignments Michael Salove Co. (215-568-2600) represents Doctors Express with the chain’s expansion throughout New Castle County, DE and Chester and Montgomery counties in PA. The urgent care medical centers occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in inline and corner spaces of community shopping centers. Preferred demographics include a population of 50,000 within a fivemile radius earning an average household income of $50,000. The company also represents Starbucks with the chain’s expansion throughout northern DE, central and southern NJ and eastern PA. The coffee shops occupy spaces of 1,250 sq.ft. to 2,500 sq.ft. in freestanding locations and inline spaces and endcaps of centers. Sites with a drive-thru are preferred. First Development Corp. (631-234-3200) represents The UPS Store with the chain’s expansion throughout Long Island and Queens, NY. The stores, offering shipping supplies and services, occupy spaces of 800 sq.ft. to 1,800 sq.ft. in freestanding locations and community, neighborhood and strip centers. Preferred cotenants include grocery and drug store anchors.

Dealmakers

www.dealmakers.net

The Rotella Group (954-568-9015) represents Cato with the chain’s expansion throughout southeastern FL from Melbourne south to the Florida Keys, utilizing spaces of 4,000 sq.ft. to 6,000 sq.ft. The company also represents It’s Fashion Metro with the apparel retailer’s expansion throughout urban markets of southeastern FL from Melbourne south to the Florida Keys, using spaces of 10,000 sq.ft. to 12,000 sq.ft. The company also represents Dollar Tree with the chain’s expansion throughout southern FL. The discount stores occupy spaces of 8,000 sq.ft. to 15,000 sq.ft. in regional centers with a big box or grocery anchor. Saugatuck Commercial Real Estate, LLC (203-222-4195) represents Submarina with the chain’s expansion throughout CT through franchisees. The sandwich shops occupy spaces of 1,500 sq.ft. to 1,800 sq.ft., preferably in endcaps of retail centers. BCD (212-260-5210 Ext. 16/13) represents freshii with the chain’s expansion throughout Manhattan, NY between 23rd Street and 57th Street, utilizing spaces of 500 sq.ft. to 1,500 sq.ft. DM

Supermarket Chains Expand Nationwide

Food Retailers Expand Nationwide IHOP operates 1,400 locations nationwide and throughout Canada and Mexico. The pancake houses occupy spaces of 4,900 sq.ft. in outlots and endcaps of neighborhood shopping centers. Growth opportunities are sought throughout Miami-Dade County in FL during the coming 18 months, with representation by Behar Real Estate Group, Inc. Preferred cotenants include grocery stores. Preferred demographics include a population of 25,000 within three miles. The company prefers sites with average daily traffic counts of 28,000 vehicles. A land area of one acre is required for freestanding locations. The company will also consider second-generation spaces, build-to-suits and ground leases. For more information, contact David Behar, Behar Real Estate Group, Inc., 18321 West Dixie Highway, Suite 204, Miami, FL 33160; 305-933-0614, Fax 305-933-0615; Email: david@beharrealestategroup.com; Web site: www.beharrealestategroup.com. Chao Praya Chinese Eatery trades as Chao Priya Chinese Eatery, Ichiban Japan, Fuji Express and Burgers-N-Crème at 10 locations throughout AR, KY, LA, MS, NC, OK, TN, VA and WA. Chao Priya Chinese Eatery, Ichiban Japan and Fuji Express occupy spaces of 500 sq.ft. to 650 sq.ft. in food courts of regional enclosed malls, and Burgers-N-Crème occupies spaces of 2,800 sq.ft. to 3,000 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout the existing markets for BurgersN-Crème and nationwide for the other trade names during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include Dillard’s, JCPenney, Sears and Macy’s. Preferred demographics include a population of 200,000 within 10 miles earning $30,000 as the average household income. For more information, contact Brian Wiley, Chao Praya Chinese Eatery, 1880 Lakeland Drive, Suite 3, Jackson, MS 39216; 601-982-2863, Fax 601-982-2895. Chicago’s Pizza Franchises trades as Chicago’s Pizza at 11 locations throughout IN and OH. The pizzerias, also offering salads and sandwiches, occupy spaces of 2,800 sq.ft. in freestanding locations and strip centers. Plans call for one to two openings annually throughout the existing market. Typical leases run five years with options. A vanilla shell and specific improvements are required. For more information, contact Robert McDonald, Chicago’s Pizza Franchises, 1111 North Broadway, Greenfield, IN 46140; 317-462-9878, Fax 317-467-1877.

Texas Roadhouse operates 300 locations nationwide. The restaurants, offering handcut steaks, ribs, homemade sides and freshbaked bread, occupy spaces of 6,500 sq.ft. to 7,500 sq.ft. Growth opportunities are sought throughout northern DE, NJ and central and eastern PA during the coming 18 months, with representation by Fameco Real Estate, LP. The company will consider secondgeneration restaurant spaces. For more information, contact Gary Leone, Fameco Real Estate, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793; Email: gleone@famecoretail.com; Web site: www.famecoretail.com. La Pizza Loca, Inc. trades as La Pizza Loca at 46 locations throughout CA. The pizzerias occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout CA during the coming 18 months. Typical leases run five years with options. Preferred demographics include a population of 30,000 within one mile. Major competitors include Domino’s Pizza, Pizza Hut and Papa John’s. The company is franchising. For more information, contact Armando Delgado, La Pizza Loca, Inc., 9550 Firestone Boulevard, Downey, CA 90241; 562-745-2344, Fax 562-862-7919. Dairy Queen of Virginia, Inc. trades as Dairy Queen at 119 locations throughout VA. The ice cream shops occupy spaces of 2,700 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Expansion is franchise-driven. For more information, contact Mark P. Dunham, Dairy Queen of Virginia, Inc., 12020 Wyndham Lake Drive, Glen Allen, VA 23059; 804-364-3006, Fax 804-364-2346; Email: dqva1@aol.com. Dinosaur Bar-B-Que operates three locations throughout Harlem, Rochester and Syracuse, NY. The restaurants occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding and nontraditional locations. Plans call for two openings throughout Fairfield County, CT; northern NJ, Brooklyn, Buffalo, Long Island, Queens and Westchester, NY or Boston, MA during the coming 18 months, with representation by BCD. The company will consider multi-level locations. Straight ventilation is required. For more information, contact Andrew Moger, BCD, 115 East 23rd Street, 6th Floor, New York, NY 10010; 212-260-5210 Ext. 15; Email: amoger@bcdmail.com. DM www.dealmakers.net

The

(continued from page one)

Camellia Food Stores, Inc. trades as Fresh Pride at 14 locations throughout DE, MD and VA. The supermarkets occupy spaces of 17,000 sq.ft. to 25,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Dan Hopkins, Camellia Food Stores, Inc., 1300 Diamond Springs Road, Suite 500, Virginia Beach, VA 23455; 757-855-3371, Fax 757-853-7405. Grocery Outlet, Inc. trades as Grocery Outlet at 136 locations throughout AZ, northern CA, ID, NV, OR and WA. The discount grocery stores occupy spaces of 12,000 sq.ft. to 20,000 sq.ft. in freestanding locations and specialty, strip and value centers. Growth opportunities are sought throughout CA, OR and WA during the coming 18 months. Typical leases run five years. A basic shell is required. Preferred demographics include a population of 10,000 within three miles earning $50,000 as the average household income. Major competitors include Walmart Supercenter. A land area of two acres is required for freestanding locations. For more information, contact Marc Drasin, Grocery Outlet, Inc., 2000 5th Street, Berkeley, CA 94710-1918; 510-704-2819, Fax 510-649-1484; Email: mdrasin@cfgo.com; Web site: www.groceryoutlets.com. Family Food Stores, Inc. trades as Family Food and Payless Foods at six locations throughout IA. The supermarkets occupy spaces of 20,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout eastern IA, eastern IL and southern WI during the coming 18 months. For more information, contact Randy Goetz, Family Food Stores, Inc., 214 West 5th Street, Tipton, IA 52772; 563-886-3156, Fax 563-886-3157. Foodmaster Super Markets, Inc. trades as Foodmaster Super Market at 11 locations throughout MA. The supermarkets, featuring bakery, produce, deli, meat and seafood departments, occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the greater Boston, MA metropolitan area during the coming 18 months. For more information, contact John DeJesus, Foodmaster Super Markets, Inc., 100 Everett Avenue, Suite 12, Chelsea, MA 02150; 617-660-1300 Ext. 219, Fax 617-660-1399. DM

Dealmakers

March 19, 2010

page 9

Lease Signings The Goodman Co. (561-833-3777) signed leases with The Little Gym for 4,200 sq.ft.; Verizon Wireless for 1,600 sq.ft. and The Knapsack Children’s Store for 1,600 sq.ft. at Landstown Commons, a 500,000 sq.ft. center located in Virginia Beach, VA. The company also signed a lease with Gucci for 4,528 sq.ft. at 150 Worth, located along Worth Avenue in Palm Beach, FL. Steiner and Associates (614-414-7300) signed leases with Massage Envy for 3,200 sq.ft.; Subway for 1,700 sq.ft. and Francesca’s Collections for 1,500 sq.ft. at The Greene, a 1.1 million sq.ft. mixed-use center situated on 72 acres in Beavercreek, OH. The tenants join Von Maur, Sephora and The Cheesecake Factory at the center. illi Commercial Real Estate (818-501-2212) negotiated a five-year lease with Louise Pharmacy for 1,548 sq.ft. along Ventura Boulevard in Encino, CA. The company represented the landlord in the transaction. The company also negotiated a five-year lease with Blancos Tacos for 1,000 sq.ft. along West 3rd Street in Los Angeles, CA. The company represented the tenant in the transaction.

Centro Properties Group (212-869-3000) signed leases with Five Guys Famous Burgers and Fries for 2,000 sq.ft. and with Beach Bum Tanning for 3,945 sq.ft. at The Shoppes at Cinnaminson, located at the intersection of Route 130/ Burlington Pike and Church Road/ Cinnaminson Avenue in Cinnaminson, NJ. Michael Salove Co. represented Five Guys in the transaction. The company also signed a lease with Liberty Tax Service for 865 sq.ft. at Kimberly West Shopping Center, located at the intersection of Pine Street and West Kimberly Road in Davenport, IA. LaKritz-Weber & Co (248-353-9494) negotiated a lease with Sutton’s Drug Pharmacy for 2,000 sq.ft. at Riverbend Plaza, located along Jefferson Avenue in Detroit, MI. The company represented the landlord, Riverbend Properties II, LLC, in the transaction. The company also negotiated a lease with Pointe Java Co., LLC for 1,576 sq.ft. at East Brooke Commons, located along Gratiot Avenue in Eastpointe, MI. The company represented the landlord, East Brooke Commons, LP, in the transaction.

Wherever your project is located, it should also be located here.

H&R Retail (410-656-3030) negotiated a lease with Regency Beauty School for 6,030 sq.ft. at Bull Run Plaza, located at the intersection of Sudley Road and Route 234 in Manassas, VA. The company represented the tenant in the transaction and Rappaport Co. represented the landlord, Bull Run, LLP. The company also negotiated a lease with Cellular Connection for 1,260 sq.ft. at Damascus Shopping Center, a center located along Ridge Road in Damascus, MD. The company represented the tenant in the transaction and Portalia Group represented the landlord, KSL, Inc. The company also negotiated a lease with Wireless Zone for 1,400 sq.ft. located along Kings Highway in King George, VA. The company represented the tenant in the transaction and Century 21 Bat represented the landlord, A. Flores, LLC. The company also negotiated leases with Subway for 1,266 sq.ft. and with Hour Eyes for 3,413 sq.ft. at Brandywine Crossing, located along Crain Highway in Brandywine, MD. The company represented the landlord, Faison-Brandywine, LLC, in the transactions, The Rappaport Cos. represented Subway and Thur & Associates represented Hour Eyes. The company also negotiated a lease with Loon Yee Carry-out for 1,777 sq.ft. at Edmonson Village Shopping Center, located along Edmonson Road in Baltimore, MD. The company represented the landlord, Edmonson Village Shopping Center, LLC, in the transaction. The company also negotiated a lease with Fitness Collective for 2,342 sq.ft. located along Clarendon Boulevard in Arlington, VA. The company represented the tenant and Street Sense represented the landlord, Wells Reit – 3100 Clarendon, LLC. The company also negotiated a lease with Comfort Foods for 481 sq.ft. at Security Square Mall, located along Security Boulevard in Baltimore, MD. The company represented the landlord, Security Square Associates, in the transaction. Michael Salove Co. (215-568-2600) negotiated a lease with Garces Restaurant Group for a 12,000 sq.ft. twolevel space at Cira Centre, located along Arch Street in Philadelphia, PA. The tenant will use part of the space to open a restaurant during the spring, with the remainder of the space housing the tenant’s business operations and catering facilities. DM

The Dealmakers Magazine is the essential publication if you need to reach retail real estate decision makers. Our readership consists of company principals, developers, brokers, tenant representatives, and retailers, ensuring your information will be seen by the right people.

to advertise, call 1-800-732-5856.

March 19, 2010

The

Dealmakers

www.dealmakers.net

Lead Sheet Benny’s, Inc. dba Benny’s John Monti 340 Waterman Avenue Esmond, RI 02917 401-231-1000, Fax 401-231-1080

Automotive The 33-unit chain operates locations throughout CT, MA and RI. The automotive service centers occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in downtown areas, freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.

Greg’s Japanese Auto Parts & Service, Inc. dba Greg’s Japanese Auto Parts & Service Greg Huntley or David Huntley 8301 South 216th Street Kent, WA 98032 253-872-0840, Fax 253-872-0763 Email: davidh@gregs.com Web site: www.gregs.com

Automotive The eight-unit chain operates locations throughout the Puget Sound area of WA. The automotive parts and service centers occupy spaces of 3,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.

Fletcher’s Tire & Auto Service, Inc. dba Fletcher’s Tire & Auto Service Kirk Stewart 2228 West Northern Avenue, Suite B101 Phoenix, AZ 85021 602-246-4670, Fax 602-246-2357 Web site: www.fletcherstireandauto.net

Automotive The 33-unit chain operates locations throughout AZ and CA. The automotive service centers occupy spaces of 5,500 sq.ft. to 6,500 sq.ft. in freestanding locations and pad sites. Growth opportunities are sought throughout the existing markets during the coming 18 months.

Pep Boys Auto Brandon Famous c/o Fameco Real Estate, LP 633 West Germantown Pike, Suite 200 Plymouth Meeting, PA 19462 610-834-8000, Fax 610-834-1793 Email: bfamous@famecoretail.com Web site: www.pepboys.com

Automotive The 580-unit chain operates locations nationwide and throughout Puerto Rico. The automotive service centers, also offering tires, parts and accessories, occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout northern DE, NJ and the Philadelphia, PA metropolitan area during the coming 18 months, with representation by Fameco Real Estate, LP. The company will consider existing buildings with multiple service bays. For more information regarding expansion throughout central and northern NJ, contact Mike Horne; Email: mhorne@famecoretail.com.

Cards For Less Stuart Kramer c/o First Development Corp. Realty 1328 Motor Parkway Hauppauge, NY 11749 631-234-3200 Email: christine@fdcrealty.com

Cards The 12-unit chain operates locations throughout Long Island, Queens and Staten Island, NY. The card and gift shops occupy spaces of 2,200 sq.ft. to 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by First Development Corp. Realty. Typical leases run 10 years. A vanilla shell and specific improvements are required. The company prefers to locate in groceryanchored centers.

Sherman Retail Group dba Papyrus, American Greetings, Carlton Cards U.S. and Carlton Cards Canada Ken Rendina 500 Chadbourne Road, PO Box 6030 Fairfield, CA 94533 707-428-0200, Fax 707-428-0106

Cards The 480-unit chain operates locations nationwide and throughout Canada and Hong Kong. The stores offer gifts, cards and gift wrapping. Papyrus occupies spaces of 1,200 sq.ft. and American Greetings and Carlton Cards occupies spaces of 2,500 sq.ft. to 4,000 sq.ft. in malls, specialty centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.

www.dealmakers.net

The

Dealmakers

March 19, 2010

page 11

Lead Sheet Johnny Quik Food Stores, Inc. dba Johnny Quik Food Stores Ernie Beal 96 Shaw Avenue, Suite 240 Clovis, CA 93612 559-297-6830, Fax 559-297-7519

Convenience The 18-unit chain operates locations throughout CA. The convenience stores occupy spaces of 3,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout Fresno, CA during the coming 18 months. Preferred demographics include a population of 25,000 within two miles earning $50,000 as the average household income.

Li’l General, Inc. dba Li’l General Roger Lapierre 571 Cumberland Hill Road Woonsocket, RI 02895 401-766-8240, Fax 401-767-3369

Convenience The nine-unit chain operates locations throughout MA and RI. The convenience stores, featuring a deli department and offering produce, coffee, soups and salads, occupy spaces of 2,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 30 years.

O’Connell Oil Associates dba O’Connell Convenience Plus James Sobon PO Box 1387 Pittsfield, MA 01202 413-586-6800, Fax 413-499-6072

Convenience The 39-unit chain operates locations throughout MA. The convenience stores, with some locations featuring gasoline facilities, occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.

Neiman Marcus Wayne Hussy 1201 Elm Street, Suite 2700 Dallas, TX 75270 214-761-2410, Fax 214-761-2667\

Department Store The 42-unit chain operates locations throughout AZ, CA, CO, FL, GA, HI, IL, MA, MI, MN, MO, NC, NJ, NV, NY, PA, TX, VA, WA and Washington, DC. The upscale department stores occupy spaces of 120,000 sq.ft. in malls and urban/downtown areas. Growth opportunities are sought throughout CA, FL and TX during the coming 18 months. Typical leases run 20 to 30 years.

Sharpe Dry Goods dba Sharpe Department Stores Logan Sharpe 200 North Broadway Street Checotah, OK 74426 918-473-2234, Fax 918-473-0346 Email: logan@sharpeclothing.com Web site: www.sharpeclothing.com

Department Store The 26-unit chain operates locations throughout AR, LA and OK. The department stores occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in downtown areas and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 20,000 within 10 miles earning $35,000 as the average household income.

Von Maur, Inc. dba Von Maur Director of Real Estate 6565 Brady Street Davenport, IA 52806 563-388-2200, Fax 563-388-2286 Web site: www.vonmaur.com

Department Store The 24-unit chain operates locations throughout IA, IL, IN, KS, KY, MI, MN, MO, NE and OH. The department stores occupy spaces of 75,000 sq.ft. in malls and specialty centers. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months.

page 12

March 19, 2010

The

Dealmakers

www.dealmakers.net

Lead Sheet GameStop Sharon Carmichael c/o Terranomics Retail Services 1350 Bayshore Highway, Suite 900 Burlingame, CA 94010 408-200-8811 Email: scarmichael@terranomics.com Web site: www.terranomics.com

Electronics The 6,100-unit chain operates locations nationwide and internationally. The video game stores occupy spaces of 1,800 sq.ft. in entertainment, lifestyle and power centers. Plans call for six to eight openings throughout the San Francisco Bay area of CA during the coming 18 months, with representation by Terranomics Retail Services. Typical leases run five years. Preferred cotenants include Target and Walmart.

Wehrenberg Theaters John Mitchell 12800 Manchester Road St. Louis, MO 63131 314-822-4520 Ext. 120, Fax 314-822-8032 Email: johnmitchell@wehrenberg.com Web site: www.wehrenberg.com

Entertainment The 15-unit chain operates locations throughout IA, IL, MN and MO. The movie theaters occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations and lifestyle centers. Growth opportunities are sought throughout AR, IA, IL, KS and KY during the coming 18 months. Typical leases run 20 years.

Retro Fitness Brian Katz c/o Katz & Associates One Blue Hill Plaza, Suite 1440 Pearl River, NY 10965 845-735-6666, Fax 845-735-6680 Email: briankatz@dkatz.com Web site: www.retrofitness.com

Fitness The 50-unit chain operates locations throughout CT, DE, FL, GA, MA, MD, NJ, NY, PA and VA. The fitness centers occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. Growth opportunities are sought throughout the East Coast during the coming 18 months, with representation by Katz & Associates.

General Novelty, Ltd. dba Coach House Gifts, Generation X, Gold Crown Hallmark and Halloween Bootique JoAnne McGee 420 East 58th Avenue Denver, CO 80216 303-383-7905, Fax 303-296-1528

Gifts The 135-unit chain operates locations nationwide. The stores, offering cards, gifts and seasonal items, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in malls and lifestyle and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. A vanilla shell and specific improvements are required. Preferred demographics include a trade-area population of 100,000 earning $40,000 as the average household income.

Great Clips Bill Pace c/o The Rotella Group, Inc. 3300 North Federal Highway, Suite 200 Ft. Lauderdale, FL 33306 954-568-9015, Fax 954-568-9597 Email: wrp@rotellagroup.com Web site: www.rotellagroup.com

Hair The 2,800-unit chain operates locations nationwide and throughout Canada. The family hair salons occupy spaces of 900 sq.ft. to 1,300 sq.ft. in inline spaces and endcaps of power centers. Growth opportunities are sought throughout Broward County, FL during the coming 18 months, with representation by The Rotella Group, Inc. The company prefers to locate in highly visible grocery or discount anchored centers with prominent signage and easy access.

Ace Hardware Charlie Phelps c/o Paraclete Realty 408 Headquarters Drive, Suite 3C Millersville, MD 21108 410-987-9500, Fax 410-987-9502 Email: charlie@paracleterealty.com Web site: www.paracleteralty.com

Home Improvement The 4,600-unit chain operates locations nationwide and internationally. The home improvement centers occupy spaces of 5,000 sq.ft. to 20,000 sq.ft. in freestanding locations, power centers and downtown areas. Growth opportunities are sought throughout DE, MD, VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. Preferred cotenants include grocery stores. Major competitors include Loweâ&#x20AC;&#x2122;s Home Improvement, Home Depot, True Value and 84 Lumber.

www.dealmakers.net

The

Dealmakers

March 19, 2010

page 13

Lead Sheet Ziegler Lumber Co. dba Ziggyâ&#x20AC;&#x2122;s Reid Ziegler 620 East Holland Avenue Spokane, WA 99218 509-467-4960, Fax 509-483-9436 Web site: www.ziggys.com

Home Improvement The seven-unit chain operates locations throughout ID and WA. The home improvement centers occupy spaces of 45,000 sq.ft. to 110,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets and OR during the coming 18 months. Typical leases run five to 15 years. A land area of four acres is required.

New Look Eyewear, Inc. dba New Look Eyewear Claire Boulanger 4405 Oisfranc Montreal, Quebec, Canada H4S 1A8 514-904-5665 Ext. 236 Email: cboulanger@newlook.ca Web site: www.newlook.ca

Optical The 60-unit chain operates locations throughout Ottawa and Quebec, Canada. The eyecare centers occupy spaces of 2,700 sq.ft. to 3,300 sq.ft. in freestanding locations and pad sites, power and regional enclosed shopping centers, in addition to urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.

Cartridge World Jeff McMullen c/o Richard Bowers & Co. 260 Peachtree Street, Suite 2400 Atlanta, GA 30303 404-816-1600, Fax 404-880-0077 Email: jmcmullen@richardbowers.com Web site: www.richardbowers.com

Specialty The 600-unit chain operates locations nationwide. The stores, offering printer cartridges, occupy spaces of 1,200 sq.ft. in lifestyle, power and strip centers. Growth opportunities are sought throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by Richard Bowers & Co. Typical leases run five years with five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include Kroger, Publix and Target. Preferred demographics include a population of 30,000 within three miles earning $60,000 as the average household income. Major competitors include Staples.

EzCorp, Inc. dba EzPawn, EZ Money Loan Services, EZ Money Payday Loans, EZ Loan Services, EZ Payday Advance, Value Pawn, Empeno Facil and Cashmax James Rose 1901 Capital Parkway Austin, TX 78746 512-314-3400, Fax 512-314-2253 Email: james_rose@ezcorp.com Web site: www.ezcorp.com

Specialty The 800-unit chain operates locations throughout AL, AR, CO, FL, GA, ID, IN, KS, LA, MO, MS, NE, NV, OK, SD, TN, TX, UT, WI and Canada. The stores, offering consumer finance and loan services and auto title loans, in addition to a pawn shop, occupy spaces of 4,000 sq.ft. to 12,000 sq.ft. in freestanding locations and strip and value centers, in addition to urban/downtown areas. Growth opportunities are sought throughout FL, GA, OK, TX and Canada and Mexico during the coming 18 months. Typical leases run five years with options. A vanilla shell is required. Preferred cotenants include Walmart and drug, hardware and grocery stores.

Leslieâ&#x20AC;&#x2122;s Swimming Pool Supplies Brian Silbert or Joel Tomlinson c/o Silbert Realty & Management Co., Inc. 85A Division Avenue, PO Box 406 Millington, NJ 07946 908-604-6900, Fax 908-604-2030 Email: info@silbertrealestate.com Web site: www.lesliespool.com

Specialty The 600-unit chain operates locations nationwide. The stores, offering pool supplies and equipment, occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout select markets in NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc.

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

March 19, 2010

The

Dealmakers

www.dealmakers.net

visit us at REcoN! s283 Q stREEt REal EstatE auctioNs

REach ovER 55,000 REtail REal EstatE DEcisioN MakERs with just oNE click.

Narrow windows for marketing opportunities make E-Blasts essential.

DEvElopERs & BRokERs Retail real estate for lease and for sale moves fast with quality E-Blast leads.

REtailERs Expedite the site selection process and gain more opportunities.

sERvicE pRoviDERs Decision-makers look for key vendors and resources to enhance operations and cash flow.

DispositioN coMpaNiEs Move sites quickly with E-Blasts.

For more information, call 1-800-732-5856 or visit www.eblast.net

R LE

FOR

LEAS

FOR LEASE

Space Place Arizona

Arizona

Connecticut

Buckeye – Sundance Towne Center, located at the intersection of Interstate 10 and Watson Road, has spaces available from 1,400 sq.ft. to 7,000 sq.ft. along with a pad site. PetSmart, Walmart and Lowe’s Home Improvement anchor the center. Cotenants include OfficeMax, Carl’s Jr., Wells Fargo, Cracker Barrel, KFC, El Pollo Loco, Wendy’s, QuikTrip, AutoZone, Brakes Plus and Taco Bell. Trade-area demographics include a population of 61,012 earning $68,240 as the average household income. Gilbert – SanTan Village, a 1.7 million sq.ft. center located at the intersection of SanTan Village Parkway and SanTan Freeway, has spaces available of 1,293 sq.ft.; 1,480 sq.ft. and 2,520 sq.ft. Walmart Supercenter and Sam’s Club anchor the center. Cotenants include Alltel Wireless, New York Pizza Dept., Juice It Up, T-Mobile, Snip-Its, Waldo’s BBQ, Hi-Health, Massage Envy, Mattress Firm, Cost Cutters, GameStop, Quiznos, U.S. Bank, Wendy’s, DSW, Bed Bath & Beyond, Ulta, Jo-Ann Fabrics, Marshalls, Old Navy, OfficeMax, Razmataz, Outback Steakhouse, Carabba’s, Men’s Wearhouse, Logan’s Roadhouse, Ruby Tuesday, Chick-fil-A, Panda Express, In-N-Out Burger and Bank of America. Area demographics include a population of 209,975 within five miles earning $88,337 as the average household income. Peoria – Lake Pleasant Pavilion, located at the intersection of Lake Pleasant Parkway and Happy Valley Road, has spaces of 1,770 sq.ft. and 2,900 sq.ft. available along with a divisible 20,000 sq.ft. junior anchor space available along with pad sites. SuperTarget anchors the center and cotenants include Bed Bath & Beyond, Marshalls, dressbarn, BevMo, Tilly’s, Hallmark, Rack Room Shoes, Men’s Wearhouse, Starbucks, The UPS Store, McDonald’s, MidFirst Bank, BaskinRobbins, Hi-Health, Verizon Wireless, LA Nails, State Farm Insurance, Gemini Hair Salon, Subway, Rubio’s and Supercuts. Area demographics include a population of 100,609 within five miles earning $83,085 as the average household income. For details, contact James Decremer or Matt Milinovich, Strategic Retail Group, 2525 East Camelback Road, Suite 740, Phoenix, AZ 85016; 602-778-3840/3830; Emails: jamesd@srgaz.com and mattm@srgaz.com; Web site: www.strategicretailgroup.com.

include a population of 379,707 within five miles earning $54,086 as the average household income. For details, contact Donna Reece, ZELL Commercial Real Estate Services, Inc., 5343 North 16th Street, Suite 290, Phoenix, AZ 85016; 602-386-5694 or 602-248-0600 Ext. 44, Fax 602-248-0501; Email: dreece@zellcre.com; Web site: www.zellcre.com.

sq.ft. space available along with a 6,275 sq.ft. pad site. Family Dollar anchors the center. Westport – Compo Acres Shopping Center, a 38,597 sq.ft. center located on Post Road East, has spaces available of 2,763 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.

Phoenix – Phoenix Ranch Market Plaza, a 115,000 sq.ft. center located at the intersection of 16th Street and Roosevelt Street, has a 3,626 sq.ft. space available for sublease. Phoenix Ranch Markets anchors the center. Area demographics page 16

March 19, 2010

The

California El Monte – Flair Business Center, a mixeduse center situated on a land area of 30,000 sq.ft. at the intersection of Rosemead Boulevard and Baldwin Avenue, has spaces available of 4,000 sq.ft. and 8,000 sq.ft. Area retail includes Cathay Bank, East West Bank, Starbucks, FedEx Office and Denny’s. Area demographics include a population of 555,747 within five miles earning $76,078 as the average household income. The average daily traffic count is 214,000 vehicles. The asking monthly rent is $1.75 psf with CAM of $0.20 psf and taxes of $0.40 psf. For details, contact Hugo Chau, Treeline Realty, 9168 Las Tunas Drive, Temple City, CA 91780; 626-689-0811; Email: hugochau@gmail.com.

Connecticut Brookfield – A 4,420 sq.ft. freestanding building situated on one acre along Federal Road is available. Area retail includes Bed Bath & Beyond, Costco, Home Depot, Kohl’s, Lowe’s Home Improvement, Stew Leonard’s, T.J. Maxx and Borders. Area demographics include a population of 213,276 within 10 miles earning $128,175 as the average household income. The average daily traffic count is 23,100 vehicles. The asking rent is $29.50 psf with CAM of $2.47 psf and taxes of $3.78 psf. For details, contact John Merritt, Merritt Commercial Realty, 37 Dingee Road, South Salem, NY 10590; 914-763-6850; Email: johncmerritt@gmail.com. Danbury – A 1,764 sq.ft. pad site with a drive-thru located at the intersection of Federal Road and Route 202 is available. Derby – Walmart Plaza, a 172,715 sq.ft. center located on Route 34/New Haven Avenue, has spaces available of 4,302 sq.ft. and 4,680 sq.ft. along with a 2,470 sq.ft. pad site with a drive-thru. Walmart anchors the center. New London – New London Shopping Center, a 20,475 sq.ft. center located on Ocean Avenue, has a 6,052

Dealmakers

www.dealmakers.net

Greenwich – A mixed-use center located on West Putnam Avenue has a 10,000 sq.ft. space available along with a 6,200 sq.ft. second-floor space. Area retail includes Anthropologie, Saks Fifth Avenue, Richard’s, Tiffany & Co., J. Crew, Restoration Hardware, Apple and Ralph Lauren. Area demographics include a population within five miles earning $150,726 as the average household income. The average daily traffic count is 23,000 vehicles. The asking rent is $50 psf NNN for the 10,000 sq.ft. space and $45 psf NNN for the second-floor space. For details, contact Laura Grad or Bill Grad, Aries Deitch & Endelson, Inc., 110 South Central Avenue, Hartsdale, NY 10530; 203-629-6077 or 914-949-2800 Ext. 104, Fax 919-949-2424; Emails: lllggg@aol.com and billgrad@ade-re.com. Torrington – Torrington Parkade, a 232,000 sq.ft. strip center located at the intersection of Route 8 and Winsted Road, has a divisible space of 3,168 sq.ft. available along with outlots of 0.94 acres and 1.68 acres. Big Y Supermarket and Lowe’s Home Improvement anchor the center. Cotenants include RadioShack and Cost Cutters. Area demographics include a population of 85,000 within 10 miles earning $80,000 as the average household income. The average daily traffic count is 19,750 vehicles. For details, contact Matt Daly, Paragon Realty Group, 276 Post Road West, Suite 201, Westport, CT 06880; 203221-7077, Fax 203-221-7078; Email: mdaly@paragonct.com.

Florida Clewiston – Sugarland Plaza, an 81,134 sq.ft. mixed-use center located at the intersection of U.S. Highway 27/State Route 80 and Berner Road, has spaces available of 910 sq.ft.; 3,000 sq.ft. and 4,500 sq.ft. along with a 1,750 sq.ft. outlot. Save-A-Lot and Beall’s Outlet anchor the center. Cotenants include Buddy’s Rents, Beef O’Brady’s, Cato and Wendy’s. Area retail includes Walmart Supercenter,

Space Place

R LE

FOR

LEAS

FOR LEASE

Florida

Georgia

Maine

Seacoast National Bank and 1st Bank. Area demographics include a population within three miles earning $58,097 as the average household income. The average daily traffic count is 24,000 vehicles. Englewood – Englewood Plaza, a 70,382 sq.ft. mixeduse center located at the intersection of State Route 776/Indiana Avenue and Palm Grove Avenue, has spaces available of 1,400 sq.ft.; 6,000 sq.ft. and 13,455 sq.ft. along with a 7,000 sq.ft. outlot. Cotenants include Obee’s Subs. Area retail includes Publix, Walgreens and Beall’s Outlet. Area demographics include a population within three miles earning $79,164 as the average household income. The average daily traffic count is 23,500 vehicles. Ft. Myers – Outlots of 1,200 sq.ft. and 1,300 sq.ft. located at the intersection of State Route 80 and State Route 31 are available. Area retail includes Publix, Walgreens, Wachovia Bank and Regions Bank. Area demographics include a population of 70,248 within five miles earning $48,779 as the average household income. The average daily traffic count is 34,000 vehicles. For details, contact Eva Searcy, The Royal Cos., 802 Northwest 1st Street, South Bay, FL 33493; 561-996-8080 Ext. 22, Fax 561-9968327; Email: eva@theroyalcompanies.com; Web site: www.theroyalcompanies.com.

and cotenants include Domino’s Pizza. Area demographics include a population of 176,393 within five miles earning $69,004 as the median household income. The average daily traffic count is 40,000 vehicles. The asking rent is $26 psf with CAM of $4.68 psf. Roswell – Crossings at Westwind, a 17,050 sq.ft. strip center located at the intersection of Highway 92 and Westwind Boulevard, has a 4,000 sq.ft. space available. Tokyo Boat and Nuance Salon anchor the center. Cotenants include Atlanta Dance Studio. Area retail includes Home Depot and Publix. Area demographics include a population of 163,233 within five miles earning $106,927 as the median household income. The average daily traffic count is 44,000 vehicles. The asking rent is $15 psf with CAM of $4.29 psf. For details, contact Candess N. Wing or Linda L. Keller, Commercial Pro Realty, LLC, 2315 Westland Mill, Acworth, GA 30102; 404-975-0231, Fax 720-559-9173; Email: candess@commercialprorealty.com; Web site: www.commercialprorealty.com.

Plaza, a 27,000 sq.ft. strip center situated on 2.5 acres at the intersection of Route 2 and Route 201, has a divisible 7,500 sq.ft. space available along with a 40,000 sq.ft. outlot. Family Dollar and Rent-A-Center anchor the center. Cotenants include New Garden and Crazy Couzins. The average daily traffic count is 22,000 vehicles. The asking annual rent is $5.50 psf with CAM of $1 psf and taxes of $0.50 psf. For details, contact Tasha Mazakas, Active Investments, 2540 Petaluma Avenue, Long Beach, CA 90815; 562-431-5742; Email: activeinvestments@verizon.net.

Georgia Jasper – 53 Plaza West, a 16,040 sq.ft. strip center, has spaces available of 1,400 sq.ft.; 1,756 sq.ft. and 2,640 sq.ft. Little Caesar’s anchors the center and cotenants include Goin’ Postal. Area demographics include a population of 19,120 within five miles earning $58,384 as the median household income. The average daily traffic count is 15,270 vehicles. The asking rent is $13 psf with CAM of $2.75 psf. Mableton – Hawthorne Plaza, a 120,034 sq.ft. strip center located at the intersection of Veterans Memorial Highway and Old Powder Springs Road, has spaces available of 1,000 sq.ft.; 1,500 sq.ft. and 2,450 sq.ft. O’Reilly’s Auto Parts and Family Dollar anchor the center. Cotenants include Farmers Home Furniture and H&R Block. Area demographics include a population of 125,689 within five miles earning $62,334 as the median household income. The average daily traffic count is 250,000 vehicles. The asking rent is $11 psf with CAM of $1.32 psf. Marietta – Battlefield Village, a 10,420 sq.ft. strip center located at the intersection of Powder Springs Road and Windy Hill Connector, has a 1,750 sq.ft. space available. Starbucks anchors the center

Illinois Schaumburg – Prairie Towne Center, a 278,337 sq.ft. strip center located at the intersection of Barrington Road and Schaumburg Road, has divisible spaces available of 2,545 sq.ft. and 5,400 sq.ft. Kohl’s and Lowe’s Home Improvement anchor the center. Cotenants include Pizza Hut, Sears Optical and Edward Jones. Area retail includes Target, Jewel-Osco, Home Depot, Hobby Lobby, PetSmart and Staples. Area demographics include a population of 229,885 within five miles earning $68,000 as the average household income. The asking rent ranges from $18 psf to $23 psf with CAM of $1.38 psf and taxes of $5.20 psf. For details, contact Robert J. Swierbut, Acadia D.R. Management, LLC, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 914-288-8122, Fax 914-4282760; Email: rswierbut@acadiarealty.com; Web site: www.acadiarealty.com.

Maine Camden – J.C. Curtis Building, a three-story freestanding building, has spaces available of 1,350 sq.ft. and 1,400 sq.ft. Cotenants include Josephine’s. Hampden – Hampden Shopping Center, a 26,000 sq.ft. strip center situated on two acres along Route 1A, has a 40,000 sq.ft. outlot available. Rite Aid and True Value anchor the center. Cotenants include Qwik Stop Video. Skowhegan – Skowhegan www.dealmakers.net

The

Massachusetts Fairhaven – Fairhaven Commons, a 212,020 sq.ft. center located on Fairhaven Commons Way, has a 7,715 sq.ft. space available. Walmart, Marshalls, Sears and Ocean State Job Lot anchor the center. For details, contact Donna Taylor, Heyman Properties, 333 Post Road West, Westport, CT 06880; 800-624-9144; Web site: www.heymanproperties.com.

Nebraska Fremont – Park Place Plaza, a 35,000 sq.ft. center situated on three acres at the intersection of Clarmar Street and Military Highway, has an 1,800 sq.ft. space available. Cotenants include Dollar General, Sana Ana’s Pizza and Sunrize Donuts. Area demographics include a population of 30,000 within 10 miles earning $49,550 as the average household income. The average daily traffic count is 9,800 vehicles. The asking rent is $8 psf with CAM of $1 psf and taxes of $1 psf. For details, contact Rich Paden, Landmark Property Rentals, 1959 East 10th Street, Fremont, NE 68025; 402-727-6508; Email: richardpaden@hotmail.com.

New Hampshire Goffstown – Shaw’s Plaza, a 168,000 sq.ft. strip center, has a 7,800 sq.ft. space available. Shaw’s Supermarket anchors the center and cotenants include Family Dollar, Parts America, Big Lots and Fashion Bug. The average daily traffic count is 36,000 vehicles. For details, contact Scott E. Borsky, Jager Management, Inc., 610 Old York Road, Jenkintown, PA 19046; 215-690-3220, Fax 215-690-3236; Email: scott@jagermgt.com; Web site: www.shopsatfairgrounds.com.

Dealmakers

(continued on page eighteen) March 19, 2010

page 17

R LE

FOR

LEAS

FOR LEASE

Space Place New Hampshire

(continued from page seventeen)

Keene – Sears Plaza, a 146,543 sq.ft. center located on West Street, has a 4,331 sq.ft. space available. Sears and Walgreens anchor the center. For details, contact Donna Taylor, Heyman Properties, 333 Post Road West, Westport, CT 06880; 800-624-9144; Web site: www.heymanproperties.com.

New Jersey Burlington – Burlington Center Mall, a 668,000 sq.ft. mall situated on 68 acres at the intersection of Route 541 and Route 295, has spaces available of 1,000 sq.ft. and 50,000 sq.ft. along with a 3,000 sq.ft. outlot. Sears, JCPenney and Macy’s anchor the center. The average daily traffic count is 46,000 vehicles. For details, contact Scott E. Borsky, Jager Management, Inc., 610 Old York Road, Jenkintown, PA 19046; 215-690-3220, Fax 215-690-3236; Email: scott@jagermgt.com; Web site: www.shopsatfairgrounds.com. Vineland – Maintree Shopping Center, a 120,000 sq.ft. strip center located at the intersection of South Main Road and East Chestnut Avenue, has spaces available of 2,000 sq.ft.; 5,800 sq.ft. and 10,000 sq.ft. along with a 25,000 sq.ft. outlot. Acme anchors the center and cotenants include Pizza Hut, Burger King, Boston Market, Blockbuster Video, H&R Block, RadioShack, GNC and Hair Cuttery. Area demographics include a population of 69,450 within five miles earning $59,500 as the average household income. The average daily traffic count is 30,000 vehicles. For details, contact Mark Berins, Arqeo Management, 1519 Spruce Street, Philadelphia, PA 19102; 215-545-4545, Fax 215-701-4968; Email: mberins@arqeo.com; Web site: www.arqeo.com.

New York Bronx – A divisible 4,700 sq.ft. space located on East Gun Hill Road is available. Area retail includes Scheer Drugs, Mr. Smoothie, Rite Check, Razor Express Barber Shop, Subway, Kennedy Fried Chicken, Caribbean Rhythms Restaurant, MetroPCS and Chase Bank. Area demographics include a population of 97,870 within one mile earning $62,030 as the average household income. The asking rent is $35 psf with CAM and taxes of $4 psf. Also, a 14,000 sq.ft. building located at the intersection of Boston Road and Palmer Avenue has a 3,500 sq.ft. space available. page 18

March 19, 2010

The

New York

Cotenants include Room to Room Furniture. Area retail include KFC, Pizza Hut and Dunkin’ Donuts. Area demographics include a population of 176,327 within 1.5 miles earning $58,519 as the average household income. The asking rent is $16 psf. Cornwall – A 55,675 sq.ft. mixed-use center located on Highway 1007/Quaker Avenue has a 1,900 sq.ft. space available along with a 2,000 sq.ft. endcap and a divisible space of 7,277 sq.ft. Key Food anchors the center and cotenants include Dunkin’ Donuts, Bank of America and U.S. Postal Service. Area retail includes CVS, Subway and Chase Bank. Area draws include St. Luke’s Cornwall Hospital. Area demographics include a population of 120,044 within seven miles earning $75,471 as the average household income. Hopewell Junction – Hopewell Plaza, located at the intersection of Route 82 and Route 376, has a 3,818 sq.ft. endcap available along with a pad site with a drive-thru. Cotenants include CVS, GNC, KFC, Hudson Valley Federal Credit Union and Pastry Garden. Area retail includes A&P, Dunkin’ Donuts, The UPS Store, Chase Bank, Subway, M&T Bank, Just-A-Buck, Wachovia Bank, Rite Aid, Carvel and True Value. Area demographics include a population of 184,116 within 10 miles earning $86,004 as the average household income. The average daily traffic count is 33,000 vehicles. Poughkeepsie – A 14,000 sq.ft. multilevel space located on Main Street is available. Area retail includes HSBC, Muddy Cup Coffee House, Artist’s Palate Restaurant and M&T Bank. Area demographics include a population of 91,607 within five miles earning $61,784 as the average household income. For details, contact Scott Meshil, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914237-0196; Email: scott@royalpropertiesinc.com. For additional details regarding the Bronx property, contact Jeanine Kemm; Email: jeanine@royalpropertiesinc.com. For additional details regarding the Cornwall and Poughkeepsie properties, contact Jason Daniels; Email: jason@royalpropertiesinc.com.

daily traffic count is 44,000 vehicles. For details, contact Kevin Nassimi, Nassimi Realty, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212-643-8080, Fax 212643-2626; Email: kevin@nassimirealty.com; Web site: www.nassimirealty.com.

East Meadow – East Meadow Commons, a 53,543 sq.ft. strip center located at the intersection of Hempstead Turnpike and Wantagh Parkway, has spaces available of 2,000 sq.ft.; 5,700 sq.ft. and 14,000 sq.ft. Joyce Leslie and Sherwin Williams anchor the center. Cotenants include FedEx Office, Texas Roadhouse, Floris Spa and Sleepy’s. Area demographics include a population of 490,000 within five miles earning $102,000 as the average household income. The average

Dealmakers

www.dealmakers.net

Greenburgh – Crossroads Shopping Center, a 310,923 sq.ft. center located on Tarrytown Road, has spaces available of 2,146 sq.ft.; 3,025 sq.ft.; 3,300 sq.ft. and 4,327 sq.ft., along with three spaces of 760 sq.ft. Kmart, Waldbaum’s, HomeGoods and Barnes & Noble anchor the center. Nanuet – College Plaza, an 85,000 sq.ft. center located on Route 59 East, has a 2,108 sq.ft. space available. Toys “R” Us and Wendy’s anchor the center. For details, contact Donna Taylor, Heyman Properties, 333 Post Road West, Westport, CT 06880; 800-624-9144; Web site: www.heymanproperties.com. Hauppauge – Adams-Commerce Plaza, a 29,412 sq.ft. center located at the intersection of Adams Avenue and Commerce Drive, has a 1,490 sq.ft. space available. Pomodorino Italian Restaurant anchors the center and cotenants include Grill Room, Sexy Salad, AT&T Mobility, Dunkin’ Donuts/ Baskin-Robbins/Taco Bell and Blimpie. Area demographics include a population of 253,497 within five miles earning $90,705 as the average household income. Holtsville – Waverly Plaza, a 10,750 sq.ft. center located at the intersection of Long Island Expressway Service Road and Waverly Avenue, has three spaces of 900 sq.ft. available. Cotenants include Soccer World. Area demographics include a population of 249,536 within five miles earning $78,333 as the average household income. Huntington Station – Huntington Shoppes, a 16,819 sq.ft. center located on New York Avenue, has a 10,000 sq.ft. space available. Cotenants include Aid Auto and Carvel. Area demographics include a population of 167,060 within five miles earning $139,351 as the average household income. Also, Huntington Crossroads, a 13,863 sq.ft. center located at the intersection of President Street and West Hills Court, has spaces available of 1,256 sq.ft. and 1,368 sq.ft. Cotenants include H&R Block and Domino’s Pizza. Area demographics include a population of 167,060 within five miles earning $139,351 as the average household income. Nyack – Main Street Promenade, a 29,090 sq.ft. strip center located on Main Street, has spaces available of 1,344 sq.ft. and 2,289 sq.ft. Cotenants include Spice (continued on page twenty)

Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you:

• Who’s in charge of the tenant’s real estate for your market, and how to reach them • Where the chain is seeking new store locations, and its existing markets • What the retailer’s space, property type, demographic, co-tenancy and lease requirements are

Test drive TenantSearch at

WWW.TENaNTSEaRch.cOm or Call 1.800.732.5856 for a co-pilot to walk you through a CD-Rom demo or to give you an online demo

Got space? Find your missing tenant.

Over 6,000 retail chains are listed in the national edition ORDER NOW!

QUESTIONS.... Email: ann@dealmakers.net or Call: 800-732-5856

Fax your order to: (609-587-3511)

Contact/Ship to: (Tenant Search is shipped via UPS ground at no charge)

Mail your order to: PO Box 2630 Mercerville, NJ 08690

Name __________________________________________________

National Edition (approx. 7,000 leads)

 $589 (CD-ROM)  $369 (Online)  $369 (Hardcopy)  $689 (Online & CD-ROM) Regional Edition (approx. 2,500 leads per region)

 West  Midstates  East  South  $379 (CD-ROM)  $289 (Online)  $289 (Hardcopy)  $479 (Online & CD-ROM) Online Access, please provide Email address: _____________________________ Password (minimum 4 characters, case-sensitive): __________________________

Company _______________________________________________ Street ___________________________________________________ City ____________________________________________________ Phone __________________________________________________ Credit Card

 Visa  Mastercard  American Express

Card #: _________________________________________________ Signature: _______________________________________________ Cardholder Name: _________________________________________

Available by regions (East, West, South, & Midstates) Available both on-line and on CD

Daily e-mail alerts Updated Daily

Downloadable Reports Accurate Information

R LE

FOR

LEAS

FOR LEASE

Space Place New York

(continued from page eighteen)

of India, H&R Block, Grace Cleaners, Subway, Jawonio and Tai Chi Academy. Area draws include Riverspace Arts Theatre. Area demographics include a population of 115,492 within five miles earning $109,499 as the average household income. For details, contact Charles Hirsch, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516869-1240, Fax 516-869-8576; Email: chirsch@milbrookproperties.com; Web site: www.milbrookproperties.com.

Ohio

Boardman – Tiffany Square, a 181,595 sq.ft. strip center situated on 17.59 acres at the intersection of Boardman Poland Road and South Avenue, has spaces available of 10,080 sq.ft. and 95,405 sq.ft. Cotenants include Huntington Bank, Alberini’s Restaurant and Muscle Connection. Area demographics include a population of 115,607 within five miles earning $56,361 as the average household income. The asking rent ranges from $5 psf to $12 psf. Also, Boardman Center, a 137,618 sq.ft. strip center located at the intersection of

U.S. Highway 224/Boardman Canfield Road and State Route 7/Market Street, has spaces available of 3,843 sq.ft. and 10,000 sq.ft. Jo-Ann Fabrics anchors the center and cotenants include Guitar Center, Kidstown and Once Upon a Child. Area retail includes Southern Park Mall, featuring Macy’s, JCPenney, Sears and Dillard’s. The asking rent is $7.50 psf NNN. Medina – Stonegate, a strip center located at the intersection of Pearl Road and Stonegate Drive, has spaces available of 13,795 sq.ft. and 15,029 sq.ft. Kohl’s and Hobby Lobby anchor the center. Area retail includes Walmart Supercenter, Staples, Long Horn Steakhouse, Bob Evans, Borders, Pier 1 Imports, Bed Bath & Beyond, Jo-Ann Fabrics, Home Depot, Super Kmart and Target. Area demographics include a population of 57,044 within five miles earning $76,791 as the average household income. The asking rent ranges from $6 psf to $10 psf NNN. Salem – Salem Marketplace has spaces available of 970 sq.ft.; 1,500 sq.ft. and 4,200 sq.ft. Walmart shadow-anchors the center and cotenants include GameStop, American General, Sally Beauty Supply and Best Cuts. The asking rent ranges from $10 psf to $18 psf. Warren – Shops at Millennium, an 18,675 sq.ft. strip center located at the intersection of Elm Road and Millennium Boulevard, has spaces available of 1,400 sq.ft. and 4,000 sq.ft. along with a 35,283 sq.ft. outlot. Walmart shadow-anchors the center and cotenants include McDonald’s, GameStop, American General, Great Clips and Alltel. Area demographics include a population of 59,563 within five miles earning $60,332 as the average household income. The asking rent is $17 psf. For details, contact Bill Kutlick, Kutlick Realty, LLC, 755 Boardman Canfield Road, N3, Boardman, OH 44512; 330-965-6500; Email: ebell@kutlickrealtyllc.com; Web site: www.kutlickrealtyllc.com.

Keep up to date with the dealmaKers and everything related to our 2010 iCsC reCon issue!

• Submit Free Publicity • Find out our ad deadlines • Get recent retail real estate news

• Connect with other fans and followers • Find out what will be going on at our booth at RECon • and more…

twitter.com/dealmakersmag/big3

Re po Volume

rti ng

XXIV No.

XIX

Th e Na tio

n’ s W ee kly

Appare l Chain s Expand

www.dealmakers.net/fb

* Real

The Deal

mak

S3.indd

This packageers cares about our environm is recyclab ent le where facil ities accept

oR viSit uS at www.dEalmakERS.nEt page 20

March 19, 2010

The

Dealmakers

on Re ta ilin

Nationw ide

(continu e co tailers ed on page NTaINs opera thirty-fou ting 47 estate r) INforM valued ,713 loc in excess ations * Leasin aTIoN with pla of $885 g activity oN: ns to .76 mil on ove open lion to r 24.9 4,452 be bo million sites ught, Postma sq.ft. sold & ster: Per of ret fina iodical ail pro nced pertie s

Importa nt News Please Expedite

052209_C

Ne ws

g & Re New Yor ta il Re four loca k New York, al Es The Clo tions thro ta te thin offering women’s ughout TN and g Co. operate spaces s Dre apparel TX. The May 22, of 2009 location 3,500 sq.ft. to and accessories, stores, loca ssbarn, Inc. FEaT s trad 4,000 sq.ft tions occupy three ope and outlet and nationw es as dressba . in free uRiN casu tour and TX nings throughout ist centers. Plan standing occ al, career and ide. The stor rn at 830 g duri upy spa es, offe ICSC RE run 10 year ng the coming FL, Las Vegas, s call for in ces of dress apparel ring commu 18 Co 7,0 NV for s. mon A 00 , n wom NY van 2009 allowan nity, lifes The Gl sq.f ths. Typ illa shel en, and ce are ical leas obal Re tyle, powt. to 8,000 sq.f es dow regional tou required l and tenant imp include tai t. er, rist a populat . Preferre l rovemen ntown Estate Co out Re centers earning ion of one t sou d dem areas. , as wel let, strip nventio al $75,000 ographic ght Preferre as the avermillion within s com throughout Growth opp l as urban/ n Shoppin d ortuniti 100 mile the exis ing 18 g Cen es are and Cha cotenants incl age househo ting mar ters Develop ld income.s grocery and months. Preferr ket dur rlotte Rus Under ude Ban ment & ing dressbar ed cote discoun Constru as fash n, Papaya se. Major com ana Republi nants incl the ction Pg. c also ion and soft t department and We petitors Observa For mo ude 3 stores, goods tions & include trad New Yor re information t Seal. Convers nationw es as Mauric retailers. The as well ations , com ide. The Pg. es 2488, Halk New York, The contact Hay Prof pan 4 at 700 and y iles a stores, location offering 305-24 landale, FL 330 Clothing Co. Kadosh, 5,0 dress apparel Cedar Sho s 9-6647 for casu , PO 00 08; 305 . Children pping Centers, -249-6646 Box for 55 sq.ft. in power women, occupy al, career Inc. Pg. of Ame and strip to 60 ope , Fax spaces Sports rica ...... 6 cen of mar nings thro Fan / Leg ....... Pg. ters ket dur and Leg Who Is 8 ughout . Plans call leases run ing the com ends at ends, Inc. trad Buying the ing Selling 12 and Wh NC and es A vanilla five years with 18 month existing ............ VA. The locations thro as Sports Fan s. ............ o Is footwe .......... include shell is require four, five-yea Typical ar and stores, offering ughout DE, MD Pg. 14 r option JCPenn Retailers d. Preferr spaces , dem related athletic s. ey, of Opening Nationw lifestyle 1,200 sq.ft. to merchandise, apparel, with ographics incl Kohl’s and Tar ed cotenants Sites ide ...... ude get. Pre and spe 4,0 in ............ openin ferred cialty cen 00 sq.ft. in occupy hou five miles earn a populat ........ gs ion of malls and sehold ters. Plan Pg. 16 ing $50 Com 50, the com throughout inco mentary: 000 ,000 as s call me. MD For mo ing 18 Things Are the ave re years. months. , NC and VA for two con rage So Bad Ma tact Elis information Pg. 20 Superm Foot Loc jor competitorsTypical leases during Dri e regardin arket Cha ve, Suff Jaffe, Dressba ker g dressba run five Expansi ern, rn, Inc. For mo and Downto include Foot on Opp ins Seeking rn, 845-36 Action wn ortunitie re info 9-4750 NY 10901; 845 , 30 Dunniga Ferraro , We s ...... Pg. ; Email: rmation Locker Room. n -369-4804 , b site elis Automo 26 , con Canon Sports Fan tive Part tact informa : www.dress e.jaffe@dressba , Fax / Bouleva Tenants s & Serv tion rega barn.co rn.com 757-87 rd, New Legends, Inc. Glenn Kar ice Loo ; m. rdin 3-3877 is, , k por 11838 Locatio g Ma For mo Ma t New , glenn@ ns............ For Store re Duluth urices, Inc., 105 urices, con legends Fax 757-87 s, VA 23606; ............ , MN -sports.c 3-4787 West Sup tact Tom ...... Pg. 55802; Fax ; Ema om. Restaura erior Stre 28 218-72 il: We 218-720-2138 nt 7-8431 et, Concep ; Email: b site: ww Gro Ext. wth ts tkaris@ Mode ...... w.maur In maurice 2071, ThIs ices.com ............ s.com; .... Pg. Issu . * Re Leas 36 e Signings ............ .......... Pg. 40 Sources of Fina ncing ...... ...... Pg. Exclusiv 44 eTenant Rep Assignm ents ...... resentation ............ ....... Pg. Professio 48 nals Mak e The New s Pg. 55 Lead She et............ ............ .... Pg. Space For 69 Lease...... ............ .. Pg. 74 ICSC REC on Floo r Plan ...... .. Pg. 87 Most Valu e Players ............ .. Pg. 122

For mo www.d re news go to: ealmaker s.net

4/14/2009

1:03:03

www.dealmakers.net

Hamilton – Hamilton West Shopping Center, a 90,000 sq.ft. strip center located on North Brookwood Avenue, has spaces available of 8,297 sq.ft.; 14,294 sq.ft. and 15,000 sq.ft. Cotenants include Family Fun Center, Dots, Dollar Tree and Golden Dragon. Area retail includes Walgreens, Lowe’s Home Improvement, Applebee’s and Kroger. Area demographics include a population of 85,929 within five miles earning $40,063 as the median household income. The asking rent is $10 psf. For details, contact Lauri Sullivan, Prudential Commercial Real Estate, 5949 (continued on page twenty-two)

What happens in Vegas… …is dealmaking!

0 1 0 2 , 5 2 May 23 –

The Dealmakers May 28th 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 14th pre-show issue, telling everyone you’re ready to make deals! MAKE A STATEMENT Your ad will be hand-delivered to every attendee’s hotel room and The Dealmakers May 28th show issue gets exposure on the show floor! FOLLOW UP In addition to powerhouse companies that read The Dealmakers every week, the June 11th post-show issue is mailed to attendees — giving you added exposure!

Sizes Full Page 2/3 Page 1/2 Page 1/3 Page 1/4 Page Rates $1,495 $1,040 $800 $550 $475 * Prices are for black and white. Contact us for color pricing.

1/8 Page $310

Place your ad in the Pre-Show, Show and Post-Show issues and at no extra cost, receive: • Placement on THE DEALMAKERS “A” LIST • 55,000+ decision makers will be emailed • 500,000+ real estate pros view your ad at www.dealmakers.net

For More inForMation

Call 1-800-732-5856 alyson Parker

R LE

FOR

LEAS

FOR LEASE

Space Place Ohio

(continued from page twenty)

Kenwood Road, Cincinnati, OH 45243; 513772-7781 Ext. 14, Fax 513-297-2552; Email: lsullivan777@fuse.net.

Pennsylvania Manchester – East Manchester Village Centre, a 33,965 sq.ft. strip center situated on 14.81 acres, has space available. Giant anchors the center and cotenants include Dollar Tree, Dunkin’ Donuts and Subway. The average daily traffic count is 14,000 vehicles. For details, contact Chad Stine, Coldwell Banker Commercial|Bennett Williams, 110 North George Street, 4th Floor, York, PA 17401; 717-843-5555, Fax 717-843-5550; Email: cstine@bennettwilliams.com; Web site: www.bennettwilliams.com. Reading – Fairgrounds Square Mall, a 680,000 sq.ft. mall located on North Fifth Street Highway, has spaces available of 1,000 sq.ft. and 25,000 sq.ft. Boscov’s, JCPenney, Burlington Coat Factory and Cinema Center anchor the center.

Pennsylvania

Virginia

For details, contact Scott E. Borsky, Jager Management, Inc., 610 Old York Road, Jenkintown, PA 19046; 215-690-3220, Fax 215-690-3236; Email: scott@jagermgt.com; Web site: www.shopsatfairgrounds.com.

Suffolk – A 70,820 sq.ft. freestanding former Farm Fresh located on North Main Street is available. Area demographics include a population of 59,198 within seven miles earning $50,847 as a median household income. For details, contact Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Port Washington, NY 11050; 856-2188677, Fax 856-218-8678; Web site: www.cedarshoppingcenters.com.

South Carolina Conway – Bay Village, a 167,480 sq.ft. power center situated on 35 acres on Highway 501/Church Street, has spaces available of 10,000 sq.ft.; 15,000 sq.ft. and 34,000 sq.ft. Mini-Mall Flea Market, Badcock Furniture & More, Taco Bell and Advance Auto anchor the center. Cotenants include Brooklyn Braids & Boutique, Mobile Express, Acceptance Insurance, Szechuan Chinese Restaurant, Curves, La Tienda & Carniceria, The Basement, New York Junction and United Insurance. Area retail includes Kmart Center and Walmart Supercenter. The asking rent is $6 psf with CAM of $1 psf. For details, contact Stuart M. Shamah, MVS Enterprises, PO Box 1211, Myrtle Beach, SC 29578-1211; 843-448-2769, Fax 843-4485832; Email: thebowery@aol.com.

Start your subscription to

Yes!

Wisconsin Lake Geneva – Lake Geneva Commons, a 50,000 sq.ft. strip center located at the intersection of Route 12 and Route 50, has spaces available of 18,000 sq.ft. and 18,750 sq.ft. Sears, Petco and OfficeMax anchor the center. Area retail includes Walmart, Home Depot and Walgreens. The average daily traffic count is 15,000 vehicles. For details, contact Michael Cronin, Farwell Real Estate, Inc., 2340 South Arlington Heights Road, Suite 202, Arlington Heights, IL 60005; 847-368-1700 Ext. 24, Fax 847-3680512; Email: mcronin@farwelllaw.com. DM

today!

Start my subscription right away to the only publication in the shopping center industry devoted exclusively to dealmaking in strip, power and specialty centers, as well as malls. I can use leads every week on retailers looking to lease space, buyers and sellers of retail properties, plus news on space for lease, retail chain acquisitions and mergers, who’s opening or closing stores, new retail concepts, shopping centers under construction and more.

Start my subscription immediately! Please charge my credit card or a check is enclosed

 $294 for one year

 $434 for two years  $187 for six months

Please circle appropriate card:

Mail my subscription to

Card #

Name _________________________________

_______________________________

Company ______________________________

Exp. Date _______________________________

Address _______________________________

Signature _______________________________

City ___________________________________ State _____________

What you’ve missed in the last 47 issues

• 2,300,000 locations of retailers with plans to open 150,000 sites • $27 billion to be bought, sold and financed • Leasing activity on over 600 million sq.ft. of retail poperty

Zip ________________

Phone __________________________________ Fax ____________________________________ Email __________________________________

Expedite your order by faxing the completed form to 609-587-3511 P.O. Box 2630 | Mercerville, NJ 08690 | 800-732-5856 or 609-587-6200 | Fax 609-587-3511 | www.dealmakers.net page 22

March 19, 2010

The

Dealmakers

www.dealmakers.net

WE BUY FREESTANDING BUILDINGS All Shapes

KIN

Kin Properties

Retail, Industrial, Office

KIN

Privately Held Commercial Real Estate Company Owners of 850 Buildings with 30,000,000 SQFT In Business For Nearly 50 Years Cash Buyer; Can Close FAST

All Sizes

3,000 - 1,000,000+ sqft KIN

The Continental United States KIN

JEFFREY SANDELMAN

President (561) 620-9200 ext 101 jsandelman@kinproperties.com

WHAT WE BUY

Freestanding, Single Tenant Buildings Credit or Non-Credit Tenants 3+ Years Of Term Left Below Market Rents

All Over

1.888.KIN.PROP

WHO WE ARE

We Will Also Consider Fee (Subject To Ground Leases), Power Centers or Sale/Lease Back Portfolios

Visit us at the ICSC convention in New York Booth #397 (Hilton - Americas Hall 1) KEY CONTACTS FOR ACQUISITIONS: LEE CHERNEY

Senior Vice President (561) 620-9200 ext 111 lcherney@kinproperties.com

ANDREW SCHREIER

Executive Vice President (561) 620-9200 ext 103 aschreier@kinproperties.com

185 NW Spanish River Blvd. Suite 100 Boca Raton Florida 33431 Phone: 561.620.9200 Fax 561.955.9921 www.kinproperties.com

GOOD

CHOICE

Defining

Childcare®

Since 1988

“I got involved developing Goddard Schools about four years ago. Since that time, I have developed six Goddard Schools with three presently in the works.” - Jarrett Armstrong careers. “Jarrett and Sloan Armstrong, husband-wife team and owners of The Goddard School located in Aurora, Colorado, are typical of our franchisees. They are high achievers who have realized success in previous careers, and they are seeking new professional opportunities.”

Jarrett and Sloan Armstrong

n today’s challenging economy, one industry seems to be able to maintain growth: educational childcare. In fact, Goddard Systems, Inc. (GSI), franchisor of The Goddard School®, offered evidence of this industry’s growth by opening 39 schools in 2009. GSI, headquartered in King of Prussia, Pennsylvania, is a nationwide franchise of early childhood development centers. The Goddard School franchise is the fastest growing preschool in the United States, and has been recognized as the “#1 Childcare Franchise” for nine consecutive years by Entrepreneur magazine (January 2010). CEO, Joe Schumacher points to several factors that account for GSI’s success. Schumacher notes that when it comes to opening new schools, GSI attracts successful, motivated entrepreneurs who are ready to try something new in their

According to Jarrett Armstrong, “I got involved developing Goddard Schools about four years ago. Since that time, I have developed six Goddard Schools with three presently in the works. As a developer, we have been successful at working with GSI and the local franchisees in finding premier locations that are priced appropriately, designing a high quality school, obtaining necessary entitlements and constructing first class buildings.” The success Armstrong had as a developer convinced the couple to operate a Goddard School. “In 2008, when Sloan and I decided to jump to the operational side of the equation and open our own school, we felt my Goddard real estate development experience, Sloan’s operating and marketing expertise and our mutual desire to be entrepreneurs would create a unique opportunity for us,” adds Armstrong. To learn more about developing a Goddard School, please contact the GSI Real Estate Department at 1-877-876-3189 or visit on-line at www.goddardschool.com.

With a statement of gross revenue and EBITDA available for every School, and no educational experience required, The Goddard School is the franchise system for success oriented entrepreneurs. Third party financing available.

Franchise Times, 2007 - 2009

Ranked #1 Childcare Franchise Entrepreneur magazine 2002-2010

1-877-876-3189 www.goddardschool.com The Goddard Schools® are operated by independent franchisees under a license agreement with Goddard Systems, Inc. Programs and ages may vary. Substantiation available upon request. This offering is made by prospectus only. © Goddard Systems Inc. 2010

MN #F-4335