Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XII
March 22, 2013
FEATURING supermarket Chains Expand Nationwide Trader Joe’s operates 400 locations nationwide. The supermarkets, offering specialty food products, occupy spaces of 12,000 sq.ft. to 14,000 sq.ft. in freestanding locations and inline spaces of mixed-use, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by IDS Real Estate Group. Preferred demographics include a population of 100,000 within four miles. A land area of at least one acre is required for freestanding locations. For more information, contact Silva Zeneian, IDS Real Estate Group, 515 South Figueroa Street, 16th Floor, Los Angeles, CA 90071; 213-347-6432, Fax 213-627-9937; Email: szeneian@idsrealestate.com; Web site: www.idsrealestate.com. Smart & Final Stores, LLC trades as Smart & Final, Smart & Final Extra! and Cash&Carry – Smart Food Service at 250 locations throughout AZ, CA, ID, NV, OR, WA and northern Mexico. The warehouse-style markets occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and neighborhood shopping centers. Growth opportunities are sought throughout AZ, CA and NV during the coming 18 months. For more information, contact Pat Barber, Smart & Final Stores, LLC, 600 Citadel Drive, Commerce, CA 90040; 323-869-7500; Web site: www.smartandfinal.com.
Alex-Lee, Inc. trades as Lowe’s Food, Galaxy Stores, IGA and Just $ave Food at 108 locations throughout NC and SC. The supermarkets occupy spaces of 40,000 sq.ft. to 55,000 sq.ft. in power, strip and value centers. Growth opportunities are sought throughout NC and along the coastal areas of SC and southwestern VA during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 30,000 within five miles earning $50,000 as the average household income. For more information, contact Roger Henderson, Alex-Lee, Inc., 1381 Old Mill Circle, Suite 200, Winston-Salem, NC 27103; 336-6590180, Fax 336-659-2434. Norrenberns Foods, Inc. trades as Tom’s Supermarkets and Tom’s Priced Right Foods at five locations throughout IL. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A vanilla shell is required. Preferred demographics include a population of 10,000 within two miles earning $35,000 as the average household income. For more information, contact Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-5667010, Fax 618-566-4081. (continued on page ten)
This issue contains information on: • Retailers operating 27,250 locations with plans to open 1,789 sites • Real estate valued in excess of $92 million to be bought, sold & financed • Leasing activity on over 3.3 million sq.ft. of retail properties s New rtantpedite o p x Im se E Plea
Postmaster: Periodical
icsc carolinas idea exchange Observations & Conversations
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Who’s Opening & Where Gordmans to grow by 10 stores
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Body Central centered on opening 25 stores....................... Pg. 5 Buyers & Sellers Lee & Associates sells SC site...... Pg. 6 Profile | WRS, Inc...................... Pg. 7 Food Chains Expand Moe’s Southwestern Grill to open up to 10 locations.............. Pg. 8 Rusty Taco to grow with 15 openings..................................... Pg. 8 Making The News Trinity Partners expands its NC office.......................................... Pg. 9 Sources of Financing Fantini & Gorga places $35 million loan................................ Pg. 9 Lease Signings CBRE Raleigh brokers two deals with Gander Mountain............... Pg. 9 Exclusives Michael Salove Co. reps Shoppers World.......................... Pg. 10 Lead Sheet Dunham’s Sports to enter AL, GA, SC, TX and VA.................... Pg. 14 Performance Bicycle Shop to enter FL and TN.......................... Pg. 14 Space Place................................ Pg. 16
new construction Turnberry Associates is preleasing the expansion of Destin Commons, a 400,000 sq.ft. lifestyle center located in Destin, FL. Plans call for a 100,000 sq.ft. expansion and 20 to 25 additional restaurants and retailers. The project is slated to be completed during 2014. Area demographics include a tradearea population of 277,783. For more information, contact Robert Perry, Kristina Trujillo or George Radu, Turnberry Associates; 850-337-8700 or 305914-8211; Emails: rperry@turnberry.com, ktrujillo@turnberry.com and gradu@turnberry.com; Web site: www.turnberry.com.
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Director of Business Development Brenda Buchanan • brenda@dealmakers.net Sales Executive Jacqueline Pelicano • jp@dealmakers.net Customer Service Kelly Hancarik • custserv@dealmakers.net Co-Founder Ted Kraus • 1979–2007
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LMS Commercial Real Estate is preleasing Millersville Commons, situated on 5.8 acres at the intersection of Wabank and Millersville Road in Millersville, PA. Spaces from 1,600 sq.ft. to 11,800 sq.ft. are available, along with a 3,800 sq.ft. pad site. Area demographics include a population of 150,534 within five miles earning $61,867 as the average household income. The average daily traffic count is 15,000 vehicles. The company is also preleasing Keystone Arms Center located in Carlisle, PA. Spaces from 1,500 sq.ft. to 10,241 sq.ft. are available, along with five pad sites of 1.31 acres to 1.76 acres. Area demographics include a population of 123,671 within 10 miles earning $80,069 as the average household income. The average daily traffic count is 21,000 vehicles. For more information, contact LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Web site: www.lms-pma.com. The Howard Hughes Corp. is expanding the Landmark Mall, and will have a GLA of a 5.5 million sq.ft. upon completion. The site is located along Duke Street in Alexandria, VA. The center is anchored by Macy’s and Sears and cotenants include Avon Beauty Center, As Seen on TV, Bath & Body Works, Hour Eyes, Jewel Box and Kay Jewelers. For more information, contact Michelle Waak or Sherri Miller, The Howard Hughes Corp.; 480-254-1111 or 571-296-7039; Emails: michelle.waak@howardhughes.com and sherri.miller@howardhughes.com; Web site: www.howardhughes.com. Baker, Storey McDonald Properties, Inc. is developing The Crossings at Dickson, previously Dickson Commons, a 130,000 sq.ft. shopping center located between Beasley Drive and Highway 46 in Dickson, TN. Area retail includes Walmart. The opening is slated for spring 2014. For more information, contact Baker, Storey McDonald Properties, Inc., 3001 Armory Drive, Suite 250, Nashville, TN 37204; 615-373-9511, Fax 615-373-9542; Web site: www.bsmproperties.com. Century Retail is developing 27 acres located off Seventh Street in Ft. Worth, TX. The project will include two million sq.ft. of retail and office space, along with a hotel and apartment units. Construction is slated to commence during 2014. For more information, contact Century Retail, 500 South Florida Avenue, Suite 700, Lakeland, FL 33801; 863-647-1581; Web site: www.centuryretail.com.
Stream Realty is preleasing Fairfield Plaza, an 82,230 sq.ft. shopping center located near Highway 290 in Fairfield, TX. H-E-B shadowanchors the center. The site will be adjacent to the proposed Fairfield Town Center and near Houston Premium Outlets. For more information, contact Stream Realty, 515 Post Oak Suite 1100, Houston, TX 77027; 713300-0300, Fax 713-300-0301; Web site: www.streamrealty.com. Simon Property Group, Inc. is developing Fairfield Town Center, located along Cypresswood Drive near Houston Premium Outlets in Fairfield, TX. For more information, contact Simon Property Group, Inc., 225 West Washington Street, Indianapolis, IN 46204; 317-6361600; Web site: www.simon.com. Selleck Development Group, Inc. is expanding The Shoppes at Westlake Village, 243,000 sq.ft. shopping center located off Lindero Canyon Road and Highway 101 in Ventura County, CA. A 138,500 sq.ft. Target will anchor the center and Total Woman Fitness will tenant the 105,000 sq.ft. expansion. For more information, contact Selleck Development Group, Inc., 805-495-5400. Corcoran Jennison Cos. is developing University Place, a mixed-use center located along Mt. Vernon Street in the Mt. Vernon section of Boston, MA. The project will feature a 184-unit residential component and retail storefronts. For more information, contact Corcoran Jennison Cos., Bayside Office Center at Columbia Point, 150 Mount Vernon Street, Suite 500, Boston, MA 02125; Web site: www.corcoranjennison.com. Kimco Realty is planning to redevelop Wilde Lake Village, a mixed-use center located along Cross Fox Lane in Baltimore, MD. Plans call for a five-story 250-unit residential complex, a 13,000 sq.ft. CVS and David’s Market, serving as anchors for 85,000 sq.ft. of ground-floor retail space. For more information, contact Kimco Realty, 3333 New Hyde Park Road, New Hyde Park, NY 11042; 516-869-9000; Web site: www.kimcorealty.com. DM
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observations and conversations It always amazes me when people spend a small fortune in time and money going to RECon, but make no effort to let people know they will be there and what they have to offer. Ann O’Neal Welcome to The Dealmakers special edition for the ICSC Carolinas Idea Exchange. This issue has tons of great leads on expanding chains, a profile on WRS with an overview of its pipeline of new construction projects, outparcels and acquisition needs, as well as a look at what’s happening in the retail real estate world. We just attended the ICSC Mid Atlantic Conference a few weeks ago in National Harbor, Maryland and the ICSC Gulf South Idea Exchange in Birmingham, Alabama. And in between those shows, the ICSC held its Southeast Retail Connection in Atlanta. That’s a lot of dealmaking events, especially if you’re a national company such as mine, and it’s hairy getting representation at every show. Brenda Buchanan, my sidekick, was in Birmingham and I attended the Mid Atlantic convention.
be resurrected into a primo site with minimal effort or little capital. A best case scenario for buying a half empty center is to pump up cash flow by filling vacancies at cheap but reasonable rents with nominal tenant improvement allowances and play the waiting game for the right opportunity to sell it or find a credit tenant to anchor the site. Nine times out of ten when I’ve done an anchor deal in an older shopping center, it requires that most, if not all, of the center be rebuilt, so now not only is the buyer in need of leasing skills, they also need to know how to be a developer too. Sorry for the rant, but after the fifteenth sales broker at the show serenaded me about how easy it’ll be to lease and that the projected NOI is outstanding, I kind of lost it and asked them to put their commission in the deal for a few points, since it’s such a cakewalk – what’s the worry? Not one of them thought my idea was amusing, oh well.
My take on the show in Maryland was that it was excellent; people were in good spirits and eager to make deals. I met with buyers of shopping centers, numerous brokers and several chains. I counted thirty-two restaurant concepts being repped by brokers at the show; that’s a lot of food tenants and no wonder it’s so competitive trying to find pad sites, end caps and conversion opportunities in the Mid Atlantic. Most of the buyers that I spoke to were looking for grade” A” grocery-anchored centers or they wanted to acquire almost dead shopping centers. I met a lot of people looking for turnaround projects to acquire or to take on as a consultant/leasing assignment too, but I met even more folks trying to sell dog centers by dressing them up as redevelopment opportunities.
The Carolinas’ show is expected to draw close to 2,000 dealmakers and I believe the high attendance is a result of business picking up throughout the entire southeast region and the Carolinas is feeling the uptick too. In this issue are a few examples of chains spreading their wings into new markets throughout the southeast including Dunham’s Sports’ entrance into Alabama, Georgia, South Carolina, Texas and Virginia; Performance Bicycle Shop pedaling into Florida and Tennessee, while Lowe’s Food eyes southwestern Virginia as a new territory. More notable movement in the southeast is Gander Mountain committing to two sites in North Carolina. I’m also hearing about slews of franchised food concepts growing in the southeast too; if all goes as planned for most of these chains, there will be no shortage of pizzas or frozen yogurt south of the Mason Dixon line. Trinity Partners is another company bullish on North Carolina with a recent expansion of its brokerage platform. Make sure you stop by and see us in Charlotte; we’re at booth #605.
I’m going to digress a bit about redevelopment opportunities. A little pool of investors, including myself, are looking at several small mom-and-pop centers and in our quest to find the right deal, we’ve been pitched some real dogs that are being taunted as the next great redevelopment opportunity. I talked to a few buyers in the Mid Atlantic market and they expressed similar complaints. I always give that “uh, do I look stupid?” response when a broker tries to sell me on a center that’s bottom dog in the market as having “phenomenal potential” for redevelopment, therefore the asking price is justifiable because the upside is so great! When I hear that line of thought, the only thing I do know is that investment sales broker has never leased a problematic shopping center in their life and they don’t understand the difference between releasing and redevelopment or the hoops you have to jump through to rebuild from the ground up. The risk factor is also just as phenomenal as the potential upside, so in my thought process, the asking price should reflect that the odds are not in favor of the buyer’s skills at leasing up a problem center. And by chance the site is really fantastic, then the asking price should also factor in that most likely a buyer will need to raze the existing structure and need not only an acquisition loan, but also a construction loan, in addition to all the expenses before a shovel hits the dirt. I’ve leased too many dogs, white elephants, and abominations of shopping centers to believe that any half vacant shopping center can
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To wrap it up, we are prepping for RECon. If you have new construction projects, space for lease, financing programs, acquisition needs, etc., let us know so we can get you some press coverage at the convention. You can send info to my email at ann@dealmakers.net. We will also have our “A List” too, so if you want help booking appointments before the show, it’s a great resource. If you need assistance with marketing your deals at RECon, we have solutions that will fit your budget. It always amazes me when people spend a small fortune in time and money going to RECon, but make no effort to let people know they will be there and what they have to offer. You can call me or Brenda to see how we can make your presence known at RECon and it will be painless, we promise. Also, we’ll be at Retailer-Oneon-One in Florida during April too, so if you want some exposure at that event too, we can make that happen as well. Again, stop by and see us at the Carolinas Idea Exchange,
Ann O’Neal, Publisher Dealmakers Magazine | www.dealmakers.net
who’s opening and where Whole Foods Market, Inc. (512-477-4455) is planning to open a Whole Foods supermarket in the Midtown section of Detroit, MI during the spring. The company is also slated to open a grocery store in Park Ridge, IL later this year. The chain, offering organic and natural food items, currently operates more than 342 specialty supermarkets nationwide, as well as in Canada and the United Kingdom.
Conn’s, Inc. (877-358-1252) is slated to open a 48,000 sq.ft. Conn’s store in a former Sports Authority located along East 71st Street in Tulsa, OK during the spring, joining Best Buy and JCPenney Home Store at the site. The company, offering home appliances, furniture, mattresses and electronic items, currently operates 66 locations mainly throughout AZ, LA, NM, OK and TX.
Tops Friendly Market (800-522-2522) is planning to open a 36,000 sq.ft. supermarket and gas station at the Plaza, located off West Pulteney Street in Riverside, NY during early 2014. The company will join AT&T Mobility, Original Italian Pizza, Rent-A-Center and Guthrie Medical Supply Co. at the center.
Ross Stores, Inc. (925-965-4400) is slated to open a Ross Dress for Less store at Phoenix Center II, located off Highway 100 in Washington, MO during spring 2014. The company will join Dress Barn, Ulta, Marshalls and Jo-Ann Fabrics at the shopping center. The company, offering apparel for men and women, footwear and accessories, currently operates 1,097 locations throughout 33 states nationwide.
Trader Joe’s Co. (626-599-3700) is opening a Trader Joe’s supermarket along South Milwaukee Avenue in Libertyville, IL later this year. The chain of specialty supermarkets, offering more than 1,000 organic food items, currently operates nearly 400 locations throughout 32 states nationwide. J. Crew Group, Inc. (800-562-0258) is planning to open a J. Crew Men’s Shop at Tysons Galleria, located in McLean, VA during May. The company, featuring apparel and accessories for men and women, currently operates more than 127 locations nationwide, including 10 stores in VA. 7-Eleven, Inc. (972-828-0711) is opening three 7-Eleven stores in downtown Detroit, MI this year. They will be the company’s first locations in the city. The chain of convenience stores currently operate, franchise and license more than 9,100 locations nationwide and 45,200 locations internationally. Gordmans (402-691-4000) is planning to open 10 locations this year throughout Albuquerque, NM; Milwaukee, WI; Louisville, KY, as well as Peoria, IL. The company currently operates 83 department stores throughout 18 states. The Kroger Co. (866-221-4141) is planning to open a 110,315 sq.ft. Kroger supermarket at Trinity Place located at the intersection of Trinity Drive and Knecht Street in Los Alamos, NM. The supermarket chain currently operates 2,435 locations nationwide. Jamba, Inc. (510-596-0100) is planning to open 300 Jamba Juice locations throughout Canada, South Korea and the Philippines during the next five to seven years, along with plans to open 60 to 80 stores globally during 2013, and revamp about 100 locations, primarily in CA and NY. Dealmakers Magazine | www.dealmakers.net
Cabela’s, Inc. (308-254-5505) is planning to open two Cabela’s stores in Denver, CO this year. The company, offering hunting, fishing, camping, hiking, boating and other outdoorrelated equipment, apparel and gear, as well as gifts and furnishings, currently operates 40 locations throughout the U.S. and Canada. Walgreen Co. (847-914-2500) is planning to open a 12,420 sq.ft. Walgreens drugstore at the intersection of Oregon and Paisano in downtown El Paso, TX during the fall. The store will feature a new image, including bright lighting, LED-lit shelves, enhanced cosmetic and food offerings, and more modern checkout technologies. TJX Cos., Inc. (508-390-1000) is planning to open a HomeGoods and a T.J. Maxx store, totaling 45,000 sq.ft., at Austin Landing, located along Interstate 75 in Miami Township, OH. The stores are slated to open during September and will join BJ’s Restaurant and Brewhouse and Panera Bread at the center. The company trades as T.J. Maxx, Marshalls and HomeGoods. Rent-A-Center (800-422-8186) is planning to open 425 kiosk locations nationwide and 60 rent-to-own locations throughout Mexico this year. The company currently operates 224 locations, including 45 locations in NJ. DSW, Inc. (866-379-7463) is opening five pop-up stores offering Luxe810 stock in major markets including New York, NY and San Francisco, CA. 24 Hour Fitness USA, Inc. (800-432-6348) is planning to open a 24 Hour Fitness gym at a former Circuit City in Hayward, CA during July.
Ultra Foods (219-980-1468) is planning to open a supermarket in a former Dominick’s at Prospect Crossings, located along Rand Road in Prospect Heights, IL during May. The discount grocery chain operates 14 locations throughout the Chicago, IL area, including sites in Wheaton, Lombard and Downers Grove, as well as in IN. CVS Caremark Corp. (877-265-7325) is planning to open a CVS store at the intersection at 70th Street and O Street in Lincoln, NE, as well as a store at 14th Street and Superior Street and a location along 56th Street, all slated to open during the fall. The company, offering healthcare products, beauty products, drinks and snacks, currently operates more than 7,000 locations nationwide. Aldi, Inc. (630-879-8100) plans to open an Aldi supermarket along South Philadelphia Boulevard in Aberdeen, MD this summer. Roundy’s, Inc. (414-231-5000) plans to open five Mariano’s supermarkets throughout Wheaton, Elmhurst, Frankfort, Harwood Heights and Chicago, IL this year, along with plans to open a store in Lake Zurich, IL during 2014. The company projects operating 25 to 30 Mariano’s locations throughout the Chicago, IL area. Subway (203-877-4281) is planning to operate 50,000 locations worldwide by 2017, with 300 units opening in three countries during the next three years. Body Central Corp. (904-737-0811) plans to open 25 Body Central stores this year. The company, offering women’s apparel and accessories, operates more than 221 locations nationwide. Supervalu, Inc. (952-828-4000) is slated to open a Save-A-Lot supermarket in a former Irv’s menswear store at Palwaukee Center in Prospect Heights, IL. DM
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March 22, 2013 | Page 5
buyers and sellers Namdar Realty Group acquired Mall Of The Bluffs retail portfolio in Council Bluffs, IA. The portfolio is 600,500 sq.ft. with 56.7% occupancy and is comprised of The Mall, a 492,000 sq.ft. super-regional enclosed mall anchored by Dillards; nine outparcels featuring tenants McDonald’s, KFC, US Bank, Mutual First Credit Union, and Alegent Health and an Hy-Vee anchored shopping center. The company is also seeking to acquire shopping centers and malls throughout the northeast, southeast and Midwestern regions of the U.S. Suitable properties have a GLA greater than 50,000 sq.ft. and are priced at $1 million or above, reflecting a Cap rate of 10% with an occupancy of at least 40%. The company is also seeking to acquire retail sites throughout the five boroughs of New York, NY and in Long Island. Suitable properties have a GLA greater than 10,000 sq.ft. and have a price reflecting a Cap rate of 8% or more. For more information, contact Brandon Hakimi, Namdar Realty Group, 150 Great Neck Road, Suite 304, Great Neck, NY 11021; 516-773-0010 Ext. 111; Email: brandon@namdarrealtygroup.com; Web site: www.namdarrealtygroup.com. Premier Commercial Realty is selling a 6,328 sq.ft. building situated on 0.88 acres along Northwest Highway in Cary, IL. The property is 100% occupied and anchored by Merlin’s. The NOI is $90,166. The asking price is $950,000 with a Cap rate of 10.5%. For more information, contact Linda Kost or Dave Schmidt, Premier Commercial Realty, 9225 South Route 31, Lake in the Hills, IL 60156; 847-854-2300 Ext. 28/27; Emails: lindakost@premier-comm.com and dws727@sbcglobal.net.
LMS Commercial Real Estate negotiated the sale of an Apple Collision Center situated on 7.7 acres at the intersection of Route 94 and Eisenhower Drive in Hanover, PA. The property was acquired for $1.85 million and the company represented the seller in the transaction. The company also negotiated the sale of a 7,000 sq.ft. former Orchards Garden & Gift Center located along Abbottstown Pike in Hanover, PA. The property was acquired for $160,000 and the company represented the seller in the transaction. The company also negotiated the sale of a 1,984 sq.ft. former M&T Bank situated on 1.03 acres along West Hanover Street in Gettysburg, PA. The property was acquired for $250,000 and the company represented the seller in the transaction. For more information, contact LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Web site: www.lms-pma.com. Calkain Cos. is selling a 3,222 sq.ft. PNC bank situated on 0.83 acres along Town Center Parkway in Bradenton, FL. The tenant is bound to a NNN lease with eight years remaining on the initial term featuring three, five-year options. The NOI is $316,702. The asking price is $5.278 million with a Cap rate of 6%. Area demographics include a population of 84,000 within five miles earning $120,000 as the average household income. For more information, contact Patrick Nutt or Michael Zimmerman, Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 954-302-7365 or 954790-6611; Emails: patrick.nutt@calkain.com and mzimmerman@calkain.com; Web site: www.calkain.com.
Calkain Cos. is selling a 3,222 sq.ft. PNC Bank in Bradenton, FL Page 6 | March 22, 2013
Battery Commercial Investment Real Estate Brokerage is selling a Walgreens located in High Point, NC. The tenant is bound to a lease with 18 years remaining on the initial term. The NOI is $398,000. For more information, contact Stuart Scheinholtz and Stephen Lacy, Battery Commercial Investment Real Estate Brokerage, 303 Sacramento Street, 4th Floor, San Francisco, CA 94111; 415-963-4706/4715; Emails: stuart@batterycommercial.com and slacy@batterycommercial.com; Web site: www.batterycommercial.com. Lee & Associates Charleston represented the seller in the disposition of two single tenant restaurant buildings leased to Shoney’s and Captain D’s in Greenwood, SC for $1.622 million. For more information, contact Caitland Romer, Lee & Associates, 126 Seven Farms Drive, Suite 110, Charleston, SC 29492; 843278-0010, Fax 843-747-1070. Arcore Real Estate Group is selling a 954 sq.ft. building situated on a land area of 6,569 sq.ft. at the intersection of Cicero Avenue and 67th Street in Chicago, IL. Area retail includes Dunkin’ Donuts. Area demographics include a population of 258,571 within three miles. The average daily traffic count is 56,800 vehicles. For more information, contact Mike Streit or Al Rodenbostel, Arcore Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-908-5702/5701; Emails: mstreit@arcoregrp.com and al@arcoregrp.com; Web site: www.arcoregrp.com. Marcus & Millichap Real Estate Investment Services negotiated the sale of Mattatuck Plaza, a 146,930 sq.ft. community shopping center located along Wolcott Street in Waterbury, CT. At the time of sale, the center was 80% occupied and tenants included Big Lots, Savers, Harbor Freight, Dollar Tree, Chuck E. Cheese and Rainbow. The property was acquired for $12.2 million. For more information, contact Joseph French or Thomas Dalzell, Marcus & Millichap Real Estate Investment Services, 50 Main Street, White Plains, NY 10606; 914-220-9730, Fax: 914-220-9731; Web site: www.marcusmillichap.com. Colliers International is selling a 1.92-acre parcel located along Balls Ford Road in Manassas, VA. Area retail includes Tractor Supply Co. The asking price is $795,000. For more information, contact James Bouloukos, Colliers International, 1625 Eye Street, Suite 700, Washington, DC 20006; 202-534-3616; Email: james.bouloukos@colliers.com; Web site: www.colliers.com. DM Dealmakers Magazine | www.dealmakers.net
WRS, Inc. Making deals in the Southeast since 2001 Stephanie Weaver
WRS, Inc., composed of WRS, Avison Young, and Southern Real Estate Management (SOREM), provide a wide range of real estate investment services, including development of retail, office, hospitality and industrial projects, real estate property management, and real estate brokerage services. Its retail portfolio is focused on regional and neighborhood strip centers, most often anchored with national chains, as well as outlot development and sales throughout the Carolinas and Georgia. Also, the company is experienced with urban settings, such as downtown Charleston, SC, as well as with community centers in the suburbs. Most of its existing shopping centers have GLAs in the 200,000 to 300,000 square foot range, while some of its future projects have a GLA closer to 500,000 square feet. WRS is also active with single-tenant deals on outparcels and pad sites. Some of its most recent developments include Grandview Station, a 188,855 square foot shopping center located in Marion, North Carolina; Shoppes at Raeford, a 199,083 square foot project in Raeford, North Carolina and the Village at Redbridge, a 178,230 square foot shopping center in Locust, North Carolina. The company remains bullish on development and has several projects in its pipeline. Several examples of its successful leasing stories include Hudson Bridge Crossing, a 272,469 square foot shopping center located at the intersection of Interstate 75 Exit 224 and Hudson Bridge Road in Stockbridge, GA. Walmart anchors the center with cotenants including GNC, The Shoe Department, Dots, Batteries Plus, Gamestop, Sally Beauty, Massage Envy, Dollar Tree and a mix of medical offices. In addition to the almost fully leased Chamblee Village, a 231,772 square foot Walmart-anchored shopping center located along Peachtree Industrial Blvd and Chamblee Tucker Boulevard in Chamblee, GA. This project is also co-tenanted with Gamestop and Sally Beauty, as well as with Metro PCS, Mattress Firm, Radio Shack and Five Guys Burgers. Its success is rooted in experience and knowledge of the market, with a focus on doing what it does best; develop, lease, manage and sell retail sites. Organized in 2001, under principals Scott Smith and Art Kepes, WRS has developed 25 Walmart-anchored shopping centers with over six million square feet of retail space. Jude Crayton joined WRS in 2010 and serves as its Broker-In-Charge. He began his career in Charlotte, NC with Glenwood Development in 1999. Prior to joining WRS, he also worked for Centro Properties, now known as Brixmor. In addition, its key employees, whose experience and reputation are its most important assets, have been involved in the development of more than a hundred other shopping center projects, more than ten million square feet of retail space, office projects comprising in excess of 500,000 square feet of space, and several significant hotel and entertainment developments. Collectively, those employees have more than two hundred years of experience in the development industry. WRS caters to a client list of anchor and small shop tenants for whom its key employees had developed projects for previously, including Walmart, Staples, and Kohl’s, as well Dollar Tree, Cato, Shoe Show, Sally Beauty and others. WRS has and will continue to pursue outlots, ground leases and build-to-suit opportunities with McDonald’s, Arby’s, Chickfil-A, Ruby Tuesdays, O’Charley’s, Discount Tire, Bank of America, Murphy Oil and other outparcel tenants as well as office, hospitality, and industrial users. To keep up with its clients’ supply demands for new locations, the principals at WRS have developed a network of land brokers over the years that are the “eyes and ears” of an early alert system for competitive land acquisition opportunities. Dealmakers Magazine | www.dealmakers.net
In satisfying the needs of its clients, the companies provide real estate brokerage services, including market studies, site selection, contract negotiation, and coordination of zoning and permitting processes. In the greater Charleston area, Avison Young is regarded as one of the preeminent independent brokerage firms, with a significant share of the industrial, office and retail leasing and sales activity in the market. Avison Young is in the process of expanding its reach in South Carolina by opening an office in Columbia with another to follow in Greenville later this year. Regionally, WRS has also leveraged its anchor tenant relationships to provide brokerage services in situations when the chain prefers self-development opportunities.
Chamblee Village Chamblee, Georgia
SOREM’s property management services are a natural complement to the development and brokerage activities of WRS and Avison Young. SOREM’s involvement in the day-to-day operation of commercial real estate assets provides an accurate perspective on current activity and issues that WRS and Avison Young employ to assist its clients with development and investment decisions. Additionally, the experience and contacts of WRS’ leasing and construction management personnel and Avison Young’s leasing personnel provide SOREM with access to information and contacts unusual in the property management business. WRS is currently developing two centers in North Carolina. Located in Greenville, North Carolina, Hardee Crossing will open in the fall of 2013 and is anchored by a Wal-Mart supercenter. Morganton Heights in Morganton, North Carolina serves as one of the company’s capstone projects with over 450,000 square feet of retail space. The center, which will open later this year, is anchored by a Wal-Mart Supercenter along with T.J. Maxx, Ross, PetSmart, Belk and a soon to be announced national sporting goods chain. Also, the company is developing two grocery-anchored shopping centers and will begin construction later this year. WRS expects to add several more retail projects within the next six to eighteen months. For more information, please contact Jude Crayton, WRS, 550 Long Point Road, Mount Pleasant, SC 29464; 843-654-7851; Email: jcrayton@wrsrealty.com, Web site www.wrsrealestate.com March 22, 2013 | Page 7
food chains expand nationwide Moe’s Southwestern Grill operates 460 locations nationwide. The fast-casual restaurants, serving Mexican-inspired cuisine including tacos, burritos and salads, occupy spaces of 2,500 sq.ft. in regional malls, strip, specialty, entertainment and lifestyle centers, as well as freestanding locations and tourist areas. Plans call for five to 10 openings throughout Hudson Valley, NY and western CT during the coming 18 months, with representation by RedMark Realty, LLC. Major competitors include Chipotle, Qdoba, Baja Fresh, Salsarita’s and Taco Del Mar. For more information, contact Gordon Heeps, RedMark Realty, LLC, 7 Southside Drive, Suite 200, Clifton Park, NY 12065; 518-952-7500, Fax 518-207-0134; Email: gheeps@redmarkrealty.com; Web site: www.redmarkrealty.com. Panda Express operates more than 1,500 locations nationwide and throughout Puerto Rico. The chain of Chinese-inspired restaurants occupies spaces of 1,500 sq.ft. to 2,000 sq.ft. in entertainment, power, specialty and strip centers, as well as freestanding locations and urban/downtown areas. Plans call for six to eight openings throughout northern CA during the coming 18 months, with representation by Terranomics Retail Services. A vanilla shell and specific improvement are required. Preferred cotenants include Target, Walmart and big box retailers. Preferred demographics include a population of 50,000 within two miles. For more information, contact Sharon Carmichael, Terranomics Retail Services, 1350 Bayshore Highway, Suite 900, Burlingame, CA 94010; 408-200-8811, Fax 408-2008810; Email: scarmichael@terranomics.com; Web site: www.terranomics.com.
Mad Fox Brewing Co. operates locations throughout Falls Church, VA. The pubs occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Washington, DC during the coming 18 months, with representation by Papadopoulos Properties. Michael’s Pizzeria operates three locations throughout Long Beach, Naples Island and Rancho Mirage, CA. The pizzerias occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout northern VA and Washington, DC during the coming 18 months, with representation by Papadopoulos Properties. Chicken Fiesta operates two locations throughout Richmond, VA. The restaurants occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Washington, DC during the coming 18 months, with representation by Papadopoulos Properties. For more information regarding Mad Fox Brewing Co., contact Tom Papadopoulos, Papadopoulos Properties; tpap@papadop.com. For more information regarding Michael’s Pizzeria, contact John Gogos or Nicholas Papadopoulos; Emails: npap@papadop.com and jgogos@papadop.com. For more information regarding Chicken Fiesta, contact George Petros; Email: gpet@papadop.com. Farmer Boys operates 70 locations throughout central and southern CA, as well as Las Vegas, NV. The restaurants occupy spaces of 2,800 sq.ft. to 3,200 sq.ft. in shopping centers and freestanding locations. Growth opportunities are sought throughout Inland Empire, Riverside and San Bernardino counties in CA during the
Mad Fox Brewing Co. is seeking growth opportunities throughout Washington, D.C. during the coming 18 months. Page 8 | March 22, 2013
coming 18 months, with representation by Lee & Associates. A land area of 30,000 sq.ft. and a drive-thru are required. Preferred demographics include a population of 15,000 within one mile. The company will also consider endcaps with a drive-thru. For more information, contact Jeff Stanley, Lee & Associates, 3240 Mission Inn Avenue, Riverside, CA 92504; 951-276-3612; Email: jstanley@lee-associates.com; Web site: www.lee-associates.com. Parlour Exterprises trades as Farrell’s Ice Cream Parlour at five locations throughout CA. The ice cream shops occupy spaces of 6,500 sq.ft. to 8,500 sq.ft. in malls, power centers and freestanding locations. Plans call for three openings throughout the western U.S. during the coming 18 months. For more information, contact Paul Kramer, Parlour Enterprises, 23 Rancho Circle, Lake Forest, CA 92630; 949-4817676; Email: p.kramer@farrellsusa.com; Web site: www.farrellsusa.com. For further information regarding franchise opportunities, contact Ian Brown, Grubb & Ellis, MacArthur Court, Suite 1600, Newport Beach, CA 92660; 949-608-2050; Email: ian.brown@grubb-ellis.com. Dig Inn Seasonal Market operates five locations throughout NY. The restaurants, offering freshly made, high quality, healthful and seasonal fare, as well as shakes and juices, occupy spaces of 800 sq.ft. to 1,800 sq.ft. in corner locations. Growth opportunities are sought throughout Brooklyn and Manhattan, NY during the coming 18 months, with representation by DLL Real Estate. For more information, contact David Latman, DLL Real Estate, 400 East 56th Street, New York, NY 10022; 212755-7251, Fax 212-755-2010; Email: dllrealestate@nyc.rr.com. Folks Gotta Eat, LLC trades as Rusty Taco at 13 locations throughout MN and TX. The Mexican-inspired restaurants occupy spaces of 1,400 sq.ft. to 2,800 sq.ft. in strip and mixed-use centers, as well as freestanding locations and urban/downtown areas. Plans call for 15 openings throughout the existing markets during the coming 18 months, with representation by Dunn Realty, LLC. Typical leases run five years. Preferred demographics include a population of 50,000 within three miles. For more information, contact Steve Dunn, Dunn Realty, LLC, 1114 South 185th Circle, Omaha, NE 68130; 402-681-1340; Email: sdylandunn@gmail.com. DM Dealmakers Magazine | www.dealmakers.net
lease signings Kowit & Passov Real Estate Group (216514-5100) negotiated the following leases throughout OH: with Dollar Tree for 9,000 sq.ft. at Western Fair Shopping Center in Youngstown, with the company representing the tenant in the transaction and for 9,000 sq.ft. at The Shoppes of Willoughby Hills in Willoughby Hills, with the company representing the tenant in the transaction; with Panera Bread situated on 1.3 acres along Central Avenue in Delaware, with the company representing the landlord and the tenant in the transaction; with Revol Wireless for 2,000 sq.ft. at Shore Center Plaza in Euclid, with the company representing the landlord in the transaction; with Sally Beauty Supply for 1,600 sq.ft. at Oakwood Commons, located along Warrensville Center Road in South Euclid, with the company representing the tenant in the transaction and with Angry Barbeque for 1,440 sq.ft. along Belden Village Street in Canton, with the company representing the tenant in the transaction. LMS Commercial Real Estate (717-569-9373) negotiated a lease with Highland Pizzeria for 3,836 sq.ft. at The Shoppes at Landis Valley, a 60,215 sq.ft. neighborhood shopping center located at the intersection of Oregon Pike/Route 272 and Landis Valley Road in Lancaster, PA. The company represented the tenant and Property Management Alternatives, Inc. represented the landlord in the transaction. Venture Commercial (214-725-4315) negotiated a lease with Dollar Tree for 10,000 sq.ft. along Little Road near the intersection of U.S. Highway 20 and U.S. Highway 287 in Arlington, TX, with the company representing the landlord and The Retail Connection representing the tenant in the transaction. Douglas Elliman Retail Group (800-3554626) negotiated a lease with Oro Gold Cosmetics along East 57th Street, between Park Avenue and Lexington Avenue, in New York, NY. The company represented the tenant and ABS Partners Realty represented the landlord in the transaction. CBRE|Raleigh (919-831-8200) negotiated two leases with Gander Mountain for 43,000 sq.ft. at Franklin Square III in Gastonia, NC and for 30,000 sq.ft. at Poplin Place in Monroe, NC. The company represented the tenant in the transactions. Lee & Associates Inland Empire North (760684-8675) negotiated a lease with The UPS Store for 1,734 sq.ft. at Midtown Square, located along Main Street in Hesperia, CA. Dealmakers Magazine | www.dealmakers.net
Retail Solutions (512-474-5557) negotiated the following leases throughout TX: with La Tienda Del Dollar for 2,500 sq.ft. along East Elizabeth Street in Brownsville, with the company representing the landlord in the transaction; with Pitti’s Pizza for 3,493 sq.ft. at Palm Village Shopping Center, located along Palm Boulevard in Brownsville, with the company representing the landlord in the transaction; with Xian Sushi & Noodle for 2,000 sq.ft. at Market District at Mueller, with the company representing the tenant and The Weitzman Group representing the landlord in the transaction; with Lavo Collections for 1,580 sq.ft. at Hill Country Galleria, with the company representing the tenant and The Weitzman Group representing the landlord in the transaction and with Wings N Such for 900 sq.ft. at Village at Lexington Colony, located along Lexington Boulevard in Missouri City, with the company representing the landlord in the transaction. Velocity Retail Group, LLC (602-682-6020) negotiated a five-year lease with Mattress Firm for 6,539 sq.ft. at Riverdale Shopping Center, located along Riverdale Road in Riverdale, UT. The company represented the tenant and Coldwell Banker, BRG represented the landlord, Riverdale II S.C., in the transaction. The company also negotiated a five-year lease with Sushi Catcher for 1,040 sq.ft. at Bell Tower Plaza, located at the intersection of Bell Road and 63rd Avenue in Glendale, AZ. The company represented the landlord in the transaction. The company also negotiated a lease with Goodwill Industries of Central Arizona for 1,601 sq.ft. at Fulton Ranch Towne Center located at the intersection of Ocotillo Avenue and Arizona Avenue in Chandler, AZ, while representing the tenant in the transaction. NAI Long Island (631-270-3040) negotiated a lease with Buffalo Wild Wings for 12,000 sq.ft. in a former Glo Nightclub along Merrick Avenue in Westbury, NY. The company represented the landlord, PSS Realty Associates, LLC, and Lavitt Realty Corp. and Brown Harris Stevens represented the tenant, Four M Food Service of Westbury, LLC, in the transaction. Breslin Realty Development Corp. (516741-7400) negotiated a lease with Dairy Queen for 2,800 sq.ft. along Park Lane in Massapequa, NY. Main Street Property Services, Inc. (925299-8170) negotiated a lease with Tara’s Organic Ice Cream for 750 sq.ft. along Main Street in Pleasanton, CA. The company represented the tenant and the landlord in the transaction. DM
real estate professionals making the news
Trinity Partners (704-295-0413) hired three brokers at its Raleigh, NC office: Sam DiFranco as partner in brokerage services, Sam DiFranco, Jr. and Mark Alviano as director of investment property sales. DiFranco, along with his son, will expand the firm’s buyer and tenant representation services. Prior to their new roles, DiFranco served as managing partner at Cresa Raleigh and Alviano served as principal at Triangle Commercial Investments. The company specializes in project leasing, property management, tenant representation, industrial property, construction and investment property sales services. The Chevy Chase Land Co. (301-6542690) hired Lucy Fraser as vice president of asset management. Prior to joining the company, Fraser served at Combined Properties, Inc. as vice president of property management. Conviser Property Group, Inc. (781-3200600) hired Dan Gardner and Jordan Farber. In their new roles, Gardner will focus on landlord project leasing and tenant representation and Farber will concentrate on landlord project leasing. DM
sources of financing Meridian Capital Group, LLC provided $40 million in financing on behalf of Madison Capital for five retail properties, totaling 44,245 sq.ft. and located throughout Manhattan, Queens, Brooklyn and Bronx, NY. The 10-year loan features full-term interest. The company currently manages $1.9 billion in assets throughout the Upper East Side, Upper West Side, Fifth Avenue, Times Square, Midtown, Tribeca, Union Square and Soho sections of New York, NY and the Gold Coast neighborhood of Chicago, IL. For more information, contact Jonathan Stern, Meridian Capital Group, LLC; 212972-3600; Email: jstern@meridiancapital.com. Fantini & Gorga negotiated $35 million in financing for Westborough Shopping Center, a 375,000 sq.ft. center located at the intersection of Route 9 and Lyman Street in Westborough, MA. The loan features a 30year amortization period. For more information, contact Fantini & Gorga, 265 Franklin Street, Boston, MA 02110-3113; 617-951-2600, Fax 617-9519944; Web site: www.fantinigorga.com. DM March 22, 2013 | Page 9
supermarket chains expand nationwide (continued from page one)
Autry Greer & Sons, Inc. trades as Greers at 29 locations throughout AL, FL and MS. The supermarkets occupy spaces of 12,000 sq.ft. to 28,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company is also seeking store relocations and will consider sites on a case by case basis. For more information, contact Barton Greer, Autry Greer & Sons, Inc., 2850 West Main Street, Prichard, AL 36612; 251457-8655, Fax 251-456-3744; Web site: www.greers.com. JTM Corp. trades as Piggly Wiggly at 19 locations throughout AL and GA. The discount supermarkets occupy spaces of 35,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Keith Milligan, JTM Corp., 3745-C US Highway 80 West, Phenix City, AL 36870; 334298-1974, Fax 334-298-5112; Web site: www.pigglywiggly.net.
Save-A-Lot operates 1,300 locations nationwide. The supermarkets occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are sought throughout Broward and Palm Beach counties in FL during the coming 18 months, with representation by The Rotella Group. Preferred demographics include a trade-area population of 50,000 earning $40,000 as the median household income. The company prefers to locate in rural areas with a population of 18,000 and prefers sites with strong visibility and vehicle traffic counts of 15,000. For more information, contact Steve Miller, The Rotella Group, 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. Ahold USA trades as Stop & Shop at 375 locations throughout CT, MA, NH, NJ, NY and RI. The supermarkets, featuring bakery, deli, produce, seafood and floral departments, as well as natural food items,
a pharmacy and gasoline facilities, occupy spaces of 35,000 sq.ft. to 70,000 sq.ft. in freestanding locations, mixed-use and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. Preferred cotenants include home improvement retailers and discount department stores. Preferred demographics include a population of 30,000 within two miles. For more information, contact Tara Mullen, Ahold USA, 1385 Hancock Street, Quincy, MA 02169; 617-770-8626, Fax 617-7706222; Web site: www.stopandshop.com. Saker ShopRite, Inc. trades as ShopRite at 29 locations throughout NJ. The supermarkets occupy spaces of 60,000 sq.ft. to 70,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout central NJ during the coming 18 months. For more information, contact Howard Snowiss, Saker ShopRite, Inc., 922 Highway 33, Freehold, NJ 07728; 732-462-4700, Fax 732-294-2322. DM
exclusives and leasing assignments Divaris Real Estate, Inc. (757-497-2113) is representing the following retailers with their expansion plans throughout VA: Footlocker using spaces of 2,500 sq.ft. to 2,800 sq.ft., Fulton Bank in spaces of 3,500 sq.ft., buy buy Baby using spaces of 35,000 sq.ft., Christmas Tree Shops in spaces of 35,000 sq.ft., Eye-Mart utilizing spaces of 3,500 sq.ft., Knockouts using spaces of 1,000 sq.ft. to 1,500 sq.ft., GAP using spaces of 15,000 sq.ft., Banana Republic in spaces of 4,000 sq.ft. to 9,000 sq.ft., Bed Bath & Beyond utilizing spaces of 25,000 sq.ft. and Boardwalk Fresh Burgers & Fries in spaces of 2,000 sq.ft. throughout Hampton Roads; Bar Louie using spaces of 6,000 sq.ft., Best Buy occupying spaces of 30,000 sq.ft., Chico’s in spaces of 3,500 sq.ft., dots using spaces of 4,000 sq.ft. to 5,000 sq.ft., DSW utilizing spaces of 18,000 sq.ft., FedEx Kinkos occupying spaces of 2,000 sq.ft. to 3,000 sq.ft., Kohl’s in spaces of 55,000 sq.ft., LA Fitness using spaces of 35,000 sq.ft. to 60,000 sq.ft. and Boscov’s utilizing spaces of 200,000 sq.ft. statewide; BD Mongolian Grill occupying spaces of 5,500 sq.ft. to 6,500 sq.ft. throughout Hampton Roads, Richmond and Charlottesville; Helzberg Page 10 | March 22, 2013
Diamonds in spaces of 2,300 sq.ft. to 2,500 sq.ft. throughout Richmond and Hampton Roads; Honey Baked Ham occupying spaces of 2,400 sq.ft. and Keagan’s using spaces of 4,000 sq.ft. to 5,000 sq.ft. throughout Richmond. The company is also representing Barcelos in spaces of 3,500 sq.ft. throughout the Mid-Atlantic region of the U.S., along with Five Below in spaces of 8,000 sq.ft. throughout NC and VA and Haverty’s utilizing spaces of 35,000 sq.ft. throughout NC and SC. The company is also representing Dunkin’ Donuts in spaces of 700 sq.ft. to 2,000 sq.ft. throughout NC and central and western VA; Mattress Discounters using spaces of 4,000 sq.ft. to 5,000 sq.ft. throughout central and western VA; Maui Nix Surf occupying spaces of 3,500 sq.ft. throughout NC, SC and VA and Lowe’s Home Improvement in spaces of 135,000 sq.ft. throughout MD and VA.
NAI Michael (301-469-9682) is representing 7-Eleven with its expansion plans throughout Prince George’s and Charles counties in MD. The company occupies spaces of 2,400 sq.ft. to 3,000 sq.ft. in endcaps of shopping centers or freestanding locations with a gas station in suburban markets and spaces of 1,800 sq.ft. to 3,000 sq.ft. in urban markets. A land area of 15,000 sq.ft. to 40,000 sq.ft. is required for suburban markets.
Thur Retail (703-847-0865) is representing Music & Arts with its expansion plans throughout FL, MD, VA and Washington, DC. The company, offering musical instrument rentals and lessons for children, occupies spaces of 2,500 sq.ft. to 3,500 sq.ft.
Streetsense (301-538-8270) is representing Primrose Schools with its expansion plans in select markets throughout the Washington, DC metropolitan area. The company occupies spaces of 11,000 sq.ft. on land areas of 60,000 sq.ft. DM
Michael Salove Co. (215-568-2600) is representing Shoppers World with its expansion plans throughout DE, eastern PA and southern and central NJ. The company occupies spaces of 30,000 sq.ft. to 60,000 sq.ft. Preferred demographics include a population of 175,000 within five miles earning $50,000 to $90,000 as the average household income.
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lead sheet Bridgestone Retail Operations, LLC dba Tires Plus, Wheel Works, Hibdon Tires and Morgan Tire & Auto Ron Ricks 4219 Roswell Road, Suite A Marietta, GA 30062 770-321-4488, Fax 770-321-2240 Email: rricks@bfrc.com
Automotive The 2,100-unit chain operates locations nationwide. The automotive service centers occupy spaces of 8,500 sq.ft. in freestanding locations, malls, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a population of 30,000 within three miles earning $30,000 as the average household income.
Brooks Auto Parts Co., Inc. dba Brooks Auto Parts Wayne Marsh 402 South Peterson Avenue Douglas, GA 31533 912-384-7818, Fax 912-384-1849
Automotive The 42-unit chain operates locations throughout GA. The stores, offering automotive parts and accessories, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Midjit Market, Inc. dba Green Valley Grocery Richard Crawford 1580 South Jones Boulevard Las Vegas, NV 89146 702-367-0056 Ext. 101, Fax 702-216-2150 Email: rcrawford@gvgrocery.com
Convenience The 48-unit chain operates locations throughout NV. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations. Plans call for two openings throughout southern NV during the coming 18 months. The company prefers to locate in second-generation spaces.
Macy’s, Inc. dba Macy’s Department Stores Carl Goertemoeller 7 West 7th Street Cincinnati, OH 45202 513-579-7666, Fax 513-579-7513 Web site: www.macys.com
Department Store The 800-unit chain operates locations nationwide throughout 45 states and in Guam and Puerto Rico. The department stores occupy spaces of 100,000 sq.ft. to 180,000 sq.ft. in malls, power, specialty and strip centers. Growth opportunities are sought throughout major metro markets in the existing areas throughout the U.S. and in Guam and Puerto Rico during the coming 18 months.
Dollar Tree Steve Miller c/o The Rotella Group, Inc. 3300 North Federal Highway Ft. Lauderdale, FL 33306 954-568-9015, Fax 954-568-9697 Email: steve@rotellagroup.com Web site: www.rotellagroup.com
Discount The 4,500-unit chain operates locations nationwide throughout 48 states and in Canada. The stores, offering general merchandise, occupy spaces of 8,000 sq.ft. to 15,000 sq.ft. in power and value centers. Growth opportunities are sought throughout southeastern FL during the coming 18 months, with representation by The Rotella Group, Inc. Typical leases run five years. Specific improvements are required. Preferred cotenants include Target and Walmart. Preferred demographics include a population of 250,000 within six miles earning $50,000 as the average household income. Major competitors include Family Dollar and Dollar General. A land area of one acre is required.
Go Wireless Brian Bielatowicz c/o Lee & Associates Commercial Real Estate Services 25240 Hancock Avenue, Suite 100 Murrieta, CA 92562 951-445-4515, Fax 951-445-4555 Email: bbielatowicz@lee-associates.com Web site: wwww.gowireless.net
Electronics The 350-unit chain operates locations nationwide. The stores, offering wireless phones, products and related services, occupy spaces of 900 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Lee & Associates Commercial Real Estate Services. Preferred cotenants include Target. The company prefers to locate in areas with high traffic counts and prominent exposure.
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March 22, 2013 | Page 11
lead sheet B & B Movie Theatres, LLC dba B & B Theatres Dennis McIntire PO Box 129 / 2101 West Kansas Liberty, MO 64068 816-407-7469, Fax 816-407-9805 Email: dmcintire@kcnet.com Web site: www.bbtheatres.com
Entertainment The 33-unit chain operates locations throughout FL, KS, MO, OK and TX. The movie theaters occupy spaces of 13,000 sq.ft. to 45,000 sq.ft. in freestanding locations, malls, entertainment and strip centers. Plans call for two to three openings throughout TX during the coming 18 months. Typical leases run 20 years.
Kerasotes Theater Steve Frishman c/o Mid-America Real Estate One Parkview Plaza, 9th Floor Oakbrook Terrace, IL 60181 630-954-7300/7325, Fax 630-954-7304 Email: sfrishman@midamericagrp.com
Entertainment The 100-unit chain operates locations throughout CA, CO, IA, IL, IN, MN, MO, OH and WI. The movie theaters occupy spaces of 60,000 sq.ft. to 80,000 sq.ft. in freestanding locations, malls, entertainment and power centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Mid-America Real Estate.
Family Dollar Stores Kenneth Brownell c/o Vanguard-Fine, LLC 1529 Western Avenue, Suite 102 Albany, NY 12203 518-862-0861, Fax 518-867-3082 Email: kbrownell@vanguardfine.com Web site: www.vanguardfine.com
General Merchandise The 7,442-unit chain operates locations nationwide throughout 45 states. The stores, offering discounted general merchandise, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations and value centers. Plans call for openings throughout upstate NY during the coming 18 months, with representation by Vanguard-Fine, LLC. Typical leases run five to 10 years. A vanilla shell, turnkey and build-to-suit are preferred.
Jared – The Galleria of Jewelry John Dennis c/o Corporate Realty Advisors 92 High Street, Suite 1 Medford, MA 02155 781-396-5400, Fax 781-396-0888 Email: jd@cra-boston.com Web site: www.jared.com
Jewelry The 180-unit chain operates locations nationwide throughout 36 states. The jewelry stores occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout New England during the coming 18 months, with representation by Corporate Realty Advisors.
The Jewelers, Inc. dba The Jewelers of Las Vegas Mordechai Yerushalmi 2400 Western Avenue Las Vegas, NV 89102 702-382-7411, Fax 702-382-3307
Jewelry The 12-unit chain operates locations throughout Las Vegas, NV. The jewelry stores occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in hotels and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Alliance Laundry Systems, LLC dba IPSO Director of Real Estate PO Box 990 / Shepard Street Ripon, WI 54971 920-748-4423, Fax 920-748-4590
Laundromat The chain operates locations nationwide and internationally. The laundromats occupy spaces of 2,000 sq.ft. to 6,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. The company prefers to locate in densely populated areas with high vehicle traffic counts and high renter population.
Page 12 | March 22, 2013
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lead sheet Music & Arts Center, Inc. dba Music & Arts Center Shawn Womer 4626 Wedgewood Boulevard Frederick, MD 21703 301-620-4040, Fax 301-620-2567 Web site: www.musicarts.com
Music The 100-unit chain operates locations nationwide. The stores, offering musical instruments and lessons, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income.
Sam Ash Music Corp. dba Sam Ash Music Jerome Ash 278 Duffy Avenue Hicksville, NY 11801 516-932-6400, Fax 516-938-1437
Music The 45-unit chain operates locations throughout AZ, CA, CT, FL, GA, IL, IN, NC, NJ, NV, NY, OH, PA, TN, TX and VA. The stores, offering musical instruments, sound systems and recording equipment, occupy spaces of 18,000 sq.ft. to 22,000 sq.ft. in freestanding locations, malls and power centers. Growth opportunities are sought throughout TX during the coming 18 months.
Petco Brian Schuster c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: bschuster@ripcony.com Web site: www.ripcony.com
Pet Supplies The 1,000-unit chain operates locations nationwide. The pet supply stores occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought throughout central and northern NJ and NY during the coming 18 months, with representation by Ripco Real Estate.
ABC Liquors, Inc. dba ABC Fine Wines & Spirits Thomas Hartmann or Chris Quarles 8989 South Orange Avenue Orlando, FL 32824 407-851-0000, Fax 407-857-5500 Emails: tomh@abcfws.com and cquarles@abcfws.com Web site: www.abcfws.com
Specialty The 180-unit chain operates locations throughout FL. The stores, offering wine and spirits, along with gourmet food items and gift baskets, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in freestanding locations, lifestyle and power centers, along with outparcels. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include casual dining restaurants, big box and discount retailers. Preferred demographics include a population of 75,000 within three miles earning $75,000 as the average household income. A land area of one to 1.5 acres is required for freestanding locations.
Build-A-Bear Workshop, Inc. dba Build-A-Bear Workshop Marsha Fuchs 1954 Innerbelt Business Center Drive St. Louis, MO 63114 314-423-8000 Email: marshaf@buildabear.com Web site: www.buildabear.com
Specialty The 300-unit chain operates locations nationwide and in Canada. The build-your-own stuffed animal stores occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in regional malls, entertainment and tourist centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Calloway’s Nursery, Inc. dba Calloway’s Nursery John Cosby 4200 Airport Freeway, Suite 200 Ft. Worth, TX 76117 817-222-1122, Fax 817-222-1040 Email: jcosby@calloways.com Web site: www.calloways.com
Specialty The 18-unit chain operates locations throughout TX. The nursery and garden centers occupy freestanding buildings on land areas of three acres. Limited growth opportunities are sought throughout the existing market during the coming 18 months. Specific improvements are required. Preferred demographics include a population of 10,000 within three miles earning $100,000 as the average household income.
Dealmakers Magazine | www.dealmakers.net
March 22, 2013 | Page 13
lead sheet Dr. G’s Weight Loss Alexander Espinola c/o Investment Management Associates, Inc. 1575 San Ignacio Avenue, Suite 400 Coral Gables, FL 33146 305-661-0110, Fax 305-661-7803 Email: aespinola@ima-realestate.com Web site: www.ima-realestate.com
Specialty The 27-unit chain operates locations throughout DE, FL, NC, NJ, NY and PA, as well as internationally. The facilities, offering medical weight loss and wellness programs, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in various retail settings. Growth opportunities are sought throughout Broward, Palm Beach and Miami-Dade counties in FL during the coming 18 months, with representation by Investment Management Associates, Inc. The company prefers to locate in areas with high visibility and prominent signage.
Lakes Singer Center dba Mulqueen Sewing & Vacuums Mr. Pat Mulqueen 3716 East Main Street Mesa, AZ 85205 480-545-0778, Fax 480-545-8266 Web site: www.sewshop.com
Specialty The five-unit chain operates locations throughout AZ. The stores, offering vacuums and sewing products and accessories, occupy spaces of 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Phoenix, AZ during the coming 18 months. A land area of 0.5 acres is required and the company prefers to acquire sites.
McColla Enterprises, Ltd. dba Street Corner Peter La Colla 2945 Southwest Wanamaker Drive Topeka, KS 66614 785-272-8529 Ext. 100, Fax 785-272-2384 Email: peter@streetcorner.com Web site: www.streetcorner.com
Specialty The 45-unit chain operates locations AL, AZ, CA, CT, FL, KS, MN, MO, NC, NJ, NV, OH, PA, RI, SC, TN and VA. The shops, offering convenience store items, occupy spaces of 150 sq.ft. to 1,500 sq.ft. in food courts of malls, hospitals, office buildings, universities and urban/ downtown areas. Growth opportunities are sought nationwide during the coming 18 months. The company is franchising.
Dunham’s Athleisure Corp. dba Dunham’s Sports John Palmer 5000 Dixie Highway Waterford, MI 48329 248-674-4991, Fax 248-674-4980 Email: jpalmer@dunhamshq.com Web site: www.dunhamssports.com
Sporting Goods The 200-unit chain operates locations throughout IA, IL, IN, KY, MD, MI, MN, MO, NC, NE, OH, PA, SD, TN, WI and WV. The sporting goods stores occupy spaces of 30,000 sq.ft. to 100,000 sq.ft. in freestanding locations, malls, lifestyle, power, specialty and strip centers. Plans call for 25 openings throughout the existing markets, in addition to AL, GA, SC, TX and VA during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required.
Performance, Inc. dba Performance Bicycle Shop Ken Tunnell 1 Performance Way Chapel Hill, NC 27514 919-933-9113, Fax 919-942-5431 Web site: www.performancebike.com
Sporting Goods The 106-unit chain operates locations throughout AZ, CA, CO, DE, GA, ID, IL, IN, MD, MI, NC, NM, OH, OR, PA, TX, UT, VA and WA. The stores, offering bicycles and related apparel and equipment, occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought throughout the existing markets, in addition to FL and TN during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 700,000 within 10 miles earning $75,000 as the average household income. Major competitors include Dick’s Sporting Goods, REI and independent bicycle retailers.
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 22, 2013
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space place California
Colorado
Florida
Barstow – Barstow Shopping Center, a 120,153 sq.ft. shopping center located at the intersection of Main Street and Yucca Street, has spaces of 1,304 sq.ft. to 13,312 sq.ft. available. The center is anchored by Safeway and 99 Cents Only with neighboring retailers including Radio Shack and DiNapolis Fireside Restaurant. Area demographics include a population of 28,191 within three miles earning an average household income of $55,159. Corona – Corona Towne Center, located at the intersection of Lincoln Avenue and Freeway 91, has spaces available from 975 sq.ft. to 8,900 sq.ft. For more information regarding the Barstow property, contact Carol Randall, Lee & Associates, 14369 Park Avenue, Suite 200, Victorville, CA 92392; 760-241-5211; Email: crandall@lee-associates.com; Web site: www.lee-associates.com. For more information regarding the Corona property, contact Brian Bielatowicz or Andrew McLean; 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-445-4515/4521; Emails: bbielatowicz@lee-re.com and amclean@lee-re.com.
Aurora property, contact Mike Matlat, DJM Realty, 445 Broadhollow Road, Melville, NY 11747; 631-752-1100 Ext. 5245; Web site: www.djmrealty.com. For more information regarding the Fort Collins property, contact James Avallone; Ext. 5224.
Bradenton – Palma Sola Square Shopping Center, located along Manatee Avenue West, has spaces available of 1,131 sq.ft. to 3,211 sq.ft., in addition to end caps of 4,670 sq.ft. and 5,828 sq.ft. Cotenants include Sweetbay Supermarket, Radio Shack, Honey Baked Ham, Starbucks, TanQuility and Tires Plus. Area demographics include a population of 119,252 within five miles earning an average household income of $59,800. For more information, contact Gary Landsman, Executive Property Management Group; 941-365-0200; Email: garylandsman@comcast.net.
San Diego – Spaces of 1,440 sq.ft. and 2,200 sq.ft. are available at the intersection of Clairemont Mesa Boulevard and Genesee Avenue. Area retailers include Petco, Burlington Coat Factory, 99 Cents Only, Jack In The Box, Chili’s, McDonald’s, Vons and Target. Area demographics include a population of 127,865 within three miles earning an average household income of $59,901. The average daily traffic count is 65,000 vehicles. Also – An 18,000 sq.ft. freestanding building is available along 35th Street. Area retailers include H&R Block, Foodland, Ralph’s, Subway and Costco. Area demographics include a population of 214,806 within three miles earning an average household income of $55,965. The average daily traffic count is 13,500 vehicles. For more information, contact Michael Lagazo or Cyrus Rapinan, Rosano Partners, 5095 Murphy Canyon Road, Suite 260, San Diego, CA 92123; 858-952-0400 Ext. 3003, Fax 858-244-0858; Email: mlagazo@rosanopartners.com; Web site: www.rosanopartners.com.
Colorado Aurora – Up to 20,668 sq.ft. is available in a shopping center along South Chambers Road. Fort Collins – Up to 46,271 sq.ft. is available in a shopping center along Bockman Drive. For more information regarding the Page 16 | March 22, 2013
Connecticut Monroe – Clock Tower Square, located along Main Street, has spaces available of 1,200 sq.ft. to 5,300 sq.ft., in addition to outparcels up to 4 acres. Cotenants include FoodWorks and Tutor Time. Orange – A 19,000 sq.ft. freestanding building is available along Indian River Road. Stamford – ShopRite Plaza, located along Route 1, has a 2,073 sq.ft. space available. Cotenants include ShopRite, Dunkin Donuts, Subway, Angel Tips and Carvel. For more information, contact Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-2373403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com.
Delaware Smyrna – Smyrna Mart Shopping Center, located at the intersection of Glenwood Avenue and Route 13, has spaces available from 1,440 sq.ft. to 6,300 sq.ft. Cotenants include ACME, Auto Zone, Dollar General, Rite Aid, Radio Shack, Domino’s Pizza and Rose’s Discount Store. Area demographics include a population of 25,818 within five miles earning an average household income of $64,652. For more information, contact Madison Rogers, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034, Fax 610941-4038; Email: mrogers@lpre.com; Web site: www.lpre.com.
Florida Bradenton – A 14,000 sq.ft. freestanding building is available along Manatee Avenue West/State Road 64. Area retailers include Publix, Planet Fitness, Bealls Outlet, Dollar General, Staples, Edible Arrangements, Firehouse Subs and Pet Supermarket. Area demographics include a population of 119,252 within five miles earning an average household income of $59,800. The average daily traffic count is 46,000 vehicles. For more information, contact Vincent Crisci; 917-723-3944; Email: vincent.crisci@gmail.com.
Miami Beach – Space is available in a shopping center along West 41st Street. Area demographics include a population of 228,626 within five miles earning an average household income of $60,413. Naranja Lakes – A 4,500 sq.ft. freestanding former restaurant is available along South Federal Highway. Area demographics include a population of 149,059 within five miles earning an average household income of $49,170. North Miami – A ground level space is available along 125th Street. Area demographics include a population of 176,446 within three miles earning an average household income of $49,891. For more information, contact James A. Goldsmith, Gator Investments, 1595 NE 163rd Street, North Miami Beach, FL 33162; 877-459-9605; Email: sales@gatorinvestments.com.
Georgia Augusta – Northleg Plaza, a 118,580 sq.ft. shopping center located along Wrightsboro Road, has two spaces of 3,000 sq.ft. available. Cotenants include Food Lion, Big Lots, Aaron Rents and Family Dollar. The average daily traffic count is 62,392 vehicles. For more information, contact Sherri Mann, Crossman & Co., 3333 South Orange Avenue, Orlando, FL 32806; 404-514-3517; Email: smann@crossmanco.com; Web site: www.crossmanco.com. McDonough – Henry Towne Center, a 444,296 sq.ft. power center located along Jonesboro Road, has up to 115,396 sq.ft. of space available. Cotenants include PetSmart, Michaels, Marshalls, Ross Dress For Less, Bed Bath & Beyond and Belk. Newnan – Newnan Crossing, a 416,232 sq.ft. power center located along Bullsboro Drive, has up to 30,000 sq.ft. of space available. Cotenants include Shoe Carnival, Old Navy, Michaels, hhgregg and BJ’s Wholesale Club. Dealmakers Magazine | www.dealmakers.net
space place Georgia
Maryland
Maryland
For more information, contact Ann Smith, Real Properties of America, Inc., 2021 Spring Road, Suite 200, Oak Brook, IL 60523; 866993-7500; Email: smith@rpai.com; Web site: www.rpai.com.
Baltimore – Patapsco Village Shopping Center, located at the intersection of West Patapsco Avenue and Old Annapolis Road, has spaces available of 1,440 sq.ft. to 1,840 sq.ft., in addition to a 13,735 sq.ft. endcap. Cotenants include Rose’s Department Store, Food King, Rainbow, Shoe Show and RentA-Center. Area demographics include a population of 125,000 within three miles earning an average household income of $52,000. Owings Mills – Crondall Corner, located at the intersection of Owings Mills Boulevard and Crondall Lane, has a 3,000 sq.ft. space available. Area retailers include Outback Steakhouse, Bonefish Grill, Famous Dave’s, Best Buy, Chick-Fil-A and Dunkin Donuts. Area demographics include a population of 114,603 within three miles earning an average household income of $94,612. The average daily traffic count is 35,000 vehicles. For more information, contact Patricia Palumbo or Dan Flamholz, Metropolitan Management Co., 11299 Owings Mills Boulevard, Suite 200, Owings Mills, MD 21117; 410-902-0290; Web site: www.baltimoreshoppingcenters.com.
$64,089. Waldorf – St. Charles Town Plaza, located along Smallwood Drive, has a 3,510 sq.ft. former bank with a drive-thru available. Cotenants include Burger King, Shoppers Food, Big Lots and K&G. Area demographics include a population of 99,440 within six miles earning an average household income of $92,086. For more information regarding the Rockville property, contact Michael T. Isen or Allen Cornell, NAI Michael, 10100 Business Parkway, Lanham, MD 20706; 301-9182908/2909; Emails: misen@naimichael.com and acornell@naimichael.com; Web site: www.naimichael.com. For more information regarding the Auth Place property, contact Gary W. Michael or Jonathan Reneau; 301-459-4400/918-2920; Emails: gmichael@naimichael.com and jreneau@naimichael.com. For more information regarding the Waldorf property, contact Michael Isen, Jonathan Reneau, Jeffrey Ludwig or Jeffrey D.K. Ludwig; 301-9182923/2924; Emails: jludwig@naimichael.com and kludwig@naimichael.com.
Illinois Chicago – The Brickyard, a 261,369 sq.ft. power center located at the intersection of North Narragansett Avenue and West Diversey Avenue, has up to 20,000 sq.ft. of space available. Cotenants include JewelOsco, Pier 1 Imports and Marshalls with area retailers including Lowe’s and Target. Darien – Darien Towne Centre, a 189,012 sq.ft. power center located along 75th Street, has up to 12,000 sq.ft. of space available. For more information, contact Ann Smith, Real Properties of America, Inc., 2021 Spring Road, Suite 200, Oak Brook, IL 60523; 866993-7500; Email: smith@rpai.com; Web site: www.rpai.com. Chicago – A 1,154 sq.ft. ground level space is available at the intersection of Clark and Belmont. Area retailers include Marshalls, DSW, Sports Authority, Michaels, Domino’s Pizza, CVS, Petco, Walgreens and Dunkin Donuts. For more information, contact Heide Schulz, The Lord Cos. LLC, 1033 West Van Buren, 7th Floor, Chicago, IL 60607; 312944-6270 Ext. 14, Fax 312-944-3759; Web site: www.lordcompanies.com. Oak Lawn – Spaces of 1,500 sq.ft. to 3,496 sq.ft. are available in a shopping center at the intersection of 95th Street and Cicero Avenue. Cotenants include Dunkin Donuts and The Children’s Museum. Area demographics include a population of 168,015 within three miles earning an average household income of $69,865. For more information, contact Kevin McNamara or James Schutter, Newmark Grubb Knight Frank Retail; 312-2243171/3210; Emails: kmcnamara@ngkf.com and jschutter@ngkf.com; Web site: www.ngkf.com. Roselle – A strip center at the intersection of West Lake Street and Summerfield Drive has spaces available of 1,200 sq.ft. and 1,800 sq.ft. The average daily traffic count is 28,900 vehicles. For more information, contact Paul Tsakiris, First Western Properties, 1205 Adams Street, Chicago, IL 60607; 708-669-3486; Email: www.1stwesternproperties.com. Dealmakers Magazine | www.dealmakers.net
Frederick – Vista Shops, a 105,309 sq.ft. shopping center located at the intersection of West Patrick Street and Hillcrest Drive, has spaces available from 820 sq.ft. to 4,100 sq.ft. Cotenants include Aldi, Planet Fitness, Taco Bell, Deal$, Herbal Life and Do U Clothing. The average daily traffic count is 62,350 vehicles. Area demographics include a population of 104,173 within five miles earning an average household income of $91,020. For more information, contact John Marigliano or Brendan Clark, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 703-404-2346; Emails: jmarigliano@renaudconsulting.net and bclark@renaudconsulting.net; Web site: www.renaudconsulting.net. Rockville – The Shops at Congressional Village, located along Rockville Pike, has spaces available of 1,350 sq.ft., 1,928 sq.ft. and 3,902 sq.ft. Cotenants include Mattress Discounters, LA Boxing, Healthy Back, Armand’s Pizza and REI. Area demographics include a population of 333,157 within five miles earning an average household income of $134,411. The average daily traffic count is 96,764 vehicles. Suitland – A 113,512 sq.ft. building, situated on 13.27-acres, is available along Auth Place. Area demographics include a population of 326,709 within five miles earning an average household income of
Temple Hills – Rosecroft Shopping Center, located along Brinkley Road, has spaces available of 1,200 sq.ft. to 10,180 sq.ft. Cotenants include Jumbo Food, Family Dollar, T-Mobile and L.A. Nails. Area demographics include a population of 107,539 within three miles earning an average household income of $60,730. For more information, contact Andrea Phelps, Paraclete Realty, LLC; 443-6327464; Email: andrea@paracleterealty.com; Web site: www.paracleterealty.com.
New Jersey Bloomfield – A 3,000 sq.ft. ground level space is available at the intersection of Bloomfield Avenue and South Park Street. For more information, contact Neal J. Richards, The Vanguard Group, 195 Columbia Turnpike, Suite 100, Florham Park, NJ 07932; 973-443-9700 Ext. 15; Email: nrichards@vanguardsite.com. Carlstadt – Carlstadt Gardens Retail Center, located at the intersection of Garden Street and Paterson Avenue, has a 1,650 sq.ft. endcap available. Cotenants include Entemanns, Great Clips and Edible Arrangements. Area demographics include a population of 224,630 within three miles earning an average household income of $63,521. Garwood – The Mews at Garwood, located at the intersection (continued on page eighteen)
March 22, 2013 | Page 17
space place New Jersey (continued from page seventeen)
of North Avenue and Chestnut Street, has two 1,600 sq.ft. inline spaces and a 3,500 endcap available. Cotenants include Kumon, Cherrybrook, Massage Envy, Great Clips and European Wax Center. Area demographics include a population of 110,373 within three miles earning an average household income of $125,584. For more information, contact Lew Finkelstein, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201703-9700 Ext. 22, Fax 201-703-9678; Email:
New Jersey lfinkelstein@thegoldsteingroup.com; site: www.thegoldsteingroup.com.
New Jersey Web
Evesham – Tri-Towne Plaza, a 179,865 sq.ft. shopping center located at the intersection of State Highway 70 and Plymouth Road, has spaces available from 1,200 sq.ft. to 95,810 sq.ft. Cotenants include H&R Block and Burger King with area retailers including Kohl’s, Shop Rite, T.J. Maxx, Burlington Coat Factory, Trader Joe’s, Bed Bath & Beyond, Target and Old Navy. Area demographics include a population of 147,278 within five
Advertise with the deAlmAkers At
mAy 19-22, 2013 | lAs veGAs, NevAdA the dealmakers will be distributed at ICSC RECon The Global Retail Real Estate Convention in Las Vegas, NV, delivering 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 10th 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 by 6 a.m. opening day and The Dealmakers May 24th show issue gets exposure on the show floor! FOllOw UP In addition to powerhouse companies that read The Dealmakers every week, the June 7th post-show issue is mailed to attendees — giving you added exposure!
For more information, call 1-800-732-5856 • www.dealmakers.net Page 18 | March 22, 2013
miles earning an average household income of $120,817. The average daily traffic count is 37,560 vehicles. Vineland – Vineland Marketplace, located at the intersection of Route 47/Delsea Drive and Route 55, has an anchor space up to 176,348 sq.ft. available, in addition to a 4.49-acre land parcel. Cotenants include Kmart, Golden Corral and Arby’s with area retailers including Boscov’s, Home Depot, Marshall’s, Michaels and BJ’s Wholesale Club. Area demographics include a population of 72,623 within five miles earning an average household income of $66,552. For more information, contact Thomas G. Mirandi, RD Management LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. Toms River – Orchards at Dover, located along Route 37 West, has a 1,500 sq.ft. space available. Cotenants include Ruby Tuesday, Saladworks, Simply Sun, Walgreens, Five Guys Burger and Fries and Bubbakoo’s Burritos. Area demographics include a population of 115,980 within five miles earning an average household income of $60,938. For more information, contact Florham Realty Management, LLC, 1075 Route 34, Suite G, Aberdeen, NJ 07747; 732583-1200, Fax 732-583-5050; Email: info@florhamrealty.com; Web site: www.florhamrealty.com.
New York Clay – Marketfair North, a power center located at the intersection of Route 31 and Highway 481, has spaces available of 2,838 sq.ft. to 11,167 sq.ft. Cotenants include Starbucks, Staples, A.C. Moore, JoAnn Fabrics, Pier 1 Imports, Firestone and Lennon’s Jewelers. For more information, contact Shary Thur, Thur Retail, 8260 Greensboro Drive, Suite 270, McLean, VA 22102; 703-879-4960; Email: sthur@thurassociates.com; Web site: www.thurassociates.com. New York – A 5,443 sq.ft. ground level space, in addition to basement spaces of 670 sq.ft. and 912 sq.ft., are available along Fifth Avenue. Area retailers include H&M, Ted Baker, Sketchers, Urban Outfitters and Zara. Also – Divisible spaces of 1,000 sq.ft. to 100,000 sq.ft. are available along Fifth Avenue. Also – A ground level space of 1,130 sq.ft. is available along 52nd Dealmakers Magazine | www.dealmakers.net
space place New York
Pennsylvania
Pennsylvania
Street between Fifth Avenue and Sixth Avenue. Area retailers include Hollister, Swatch and Uniqlo. For more information, contact Sherri White, Meredith Fales, Jamie Kendall or Nick Howell, Vornado Realty Trust; 212-8947982/7984/7962/7992; Emails: swhite@vno.com, mfales@vno.com, jkendall@vno.com and nhowell@vno.com.
Road and Broadway Boulevard, has spaces available from 1,438 sq.ft. to 4,608 sq.ft. Cotenants include Shop ‘n Save, Rite Aid, Dollar General, Advance Auto Parts and Burger King. The average daily traffic count is 15,000 vehicles. Area demographics include a population of 118,297 within five miles earning a median household income of $49,832. Verona – River Town Shops, located along Allegheny River Boulevard, has spaces available of 1,000 sq.ft. and 2,000 sq.ft. Cotenants include Pizza Hut, Dollar Tree, Snap Fitness, Giant Eagle, H&R Block and Cost Cutters. The average daily traffic count is 13,000 vehicles. Area demographics include a population of 159,605 within five miles earning a median household income of $52,209. For more information, contact Yvonne Ewing, Echo Retail, 701 Alpha Drive, Pittsburgh, PA 15238; 412-963-5998; Email: yewing@echoretail.com; Web site: www.echoretail.com.
Glen Mills – The Shoppes at Brinton Lake, an 18,091 sq.ft. mixed-use center located at the intersection of Brinton Lake Road and Baltimore Pike/Route 1, has spaces available of 2,750 sq.ft. to 12,200 sq.ft. Cotenants include Gymboree, Chico’s, Talbots, Pier 1 Imports, Justice, Victoria’s Secret, Pottery Barn, Anthropologie, Bravo Pizza, Color Me Mine, GNC, GameStop, Pure Bread and Maggie Moo’s. Area demographics include a population of 212,791 within seven miles earning an average household income of $111,132. The average daily traffic count is 41,000 vehicles. For more information, contact Douglas Green, MSC; 215-568-2600; Email: dgreen@ salove.com; Web site: www.salove.com.
New York – A 595 sq.ft. ground level space, in addition to a 1,100 sq.ft. basement space, is available along Hester Street between Forsyth Street and Eldridge Street. Area retailers include Mexicue and Zarin Fabric & Home. For more information, contact Jared Jasinski or Kate Kiarsis, Zelnik & Co.; 212223-2200; Emails: jared@zelnikco.com and kate@zelnikco.com; Web site: www.zelnikco.com.
North Carolina Concord – Pavilion at Kings Grant, a 286,197 sq.ft. power center located along Concord Mills Boulevard, has up to 30,000 sq.ft. of space available. Cotenants include hhgregg, Ross Dress For Less, Petco, Pier 1 Imports and Sports Authority. For more information, contact Ann Smith, Real Properties of America, Inc., 2021 Spring Road, Suite 200, Oak Brook, IL 60523; 866993-7500; Email: smith@rpai.com; Web site: www.rpai.com.
Oklahoma Edmond - A 4,508 sq.ft. restaurant space is available along South Broadway. Shawnee – A 2,139 sq.ft. restaurant space is available along North Kickapoo. For more information, contact James Avallone, DJM Realty, 445 Broadhollow Road, Melville, NY 11747; 631-752-1100 Ext. 5224; Web site: www.djmrealty.com.
Pennsylvania Brentwood – Brentwood Town Square, located at the intersection of Route 51/ Clairton Boulevard and Brownsville Road, has spaces available from 1,094 sq.ft. to 6,496 sq.ft. Cotenants include Giant Eagle, Caribou Coffee, GameStop, T-Mobile and Full Body Fitness. The average daily traffic count is 56,000 vehicles. Area demographics include a population of 265,536 within five miles earning a median household income of $54,155. Monroeville – Haymaker Village, located at the intersection of Haymaker Dealmakers Magazine | www.dealmakers.net
Bristol – Bristol Park, a 276,653 sq.ft. shopping center located at the intersection of Bristol Pike/Route 13 and Rodgers Road/ Route 413, has spaces available of 2,000 sq.ft. to 11,729 sq.ft., in addition to a 6,500 sq.ft. outparcel. Cotenants include Walmart, Rite Aid, Ollie’s Bargain Outlet, Dollar Tree, Rainbow, H&R Block, Subway, Pizza Hut, Payless Shoe Source, McDonald’s and GameStop. Area demographics include a population of 219,174 within five miles earning an average household income of $68,009. Also – Bristol Plaza, a 145,356 sq.ft. shopping center located along Durham Road, has spaces available of 1,200 sq.ft. to 58,690 sq.ft. Cotenants include Big Lots, AutoZone, Family Dollar, KFC and T-Mobile. Area demographics include a population of 231,099 within five miles earning an average household income of $68,932. Chalfont – Chalfont Village Shopping Center, a 46,051 sq.ft. shopping center located at the intersection of Route 202 and Skyline Drive, has spaces available from 768 sq.ft. to 21,629 sq.ft. Area demographics include a population of 119,295 within five miles earning an average household income of $100,564. For more information regarding the Bristol properties, contact Matthew Ryan, Brixmor, One Fayette Street, Suite 300, Conshohocken, PA 19428; 610-834-7641; Email: matthew.ryan@brixmor.com; Web site: www.brixmor.com. For more information regarding the Chalfont property, contact Linda Berger; 610-834-7331; Email: linda.berger@brixmor.com.
Kutztown – Maxatawny Market Place, located along West Kutztown Road, has 30,000 sq.ft. of space available, in addition to two outparcels. Cotenants include Giant. Area demographics include a population of 26,227 within five miles earning an average household income of $64,305. For more information, contact William Aiello or George Lulos, Colliers International, 300 North Second Street, Suite 1203, Harrisburg, PA 17101; 717-579-0844/8805900; Emails: william.aiello@colliers.com and george.lulos@colliers.com; Web site: www.colliers.com. State College – Creekside Plaza, located at the intersection of South Atherton Street and West Branch Road, has a 1,345 sq.ft. space and two 2,914 sq.ft. spaces available. Cotenants include Subway, Little Caesars and Honeybaked. Trade area demographics include a population of 57,933 earning an average household income of $51,614. For more information, contact Keystone Commercial Real Estate, 444 East College Avenue, Suite 560, State College, PA 16801; 814-237-0311; Web site: www.kregcommercial.com.
Rhode Island Pawtucket – Boulevard Plaza, a 108,951 sq.ft. neighborhood center located along Armistice Boulevard, has up to 18,661 sq.ft. of space available. Cotenants include SaveA-Lot, Planet Fitness and AutoZone. For more information, contact Greg Goldberg, Real Properties of America, Inc., 2021 Spring Road, Suite 200, Oak Brook, IL 60523; 410-764-3222; Email: goldberg@rpai.com; Web site: www.rpai.com. (continued on page twenty)
March 22, 2013 | Page 19
space place South Carolina (continued from page nineteen)
Greenville – Cherrydale Point, a 297,928 sq.ft. specialty center located along North Pleasantburg Drive, has spaces available of 964 sq.ft. to 6,592 sq.ft. Cotenants include T.J. Maxx, Old Navy, Bath and Body Works, The Rush, Ross Dress For Less and Radio Shack. Area demographics include a population of 142,197 within five miles earning $55,951 as the average household income. Also – Gallery Shopping Center, a 148,532 sq.ft. shopping center located along Haywood Road, has spaces available from 1,400 sq.ft. to 51,268
South Carolina
South Carolina
sq.ft. Cotenants include Fast Frame and Lebo’s Shoes with area retailers including Macy’s, Barnes & Noble, Don Pablos and Starbucks. Area demographics include a population of 158,322 within five miles earning $68,799 as the average household income. Also – Verdae Village, located at the intersection of Laurens Road and Verdae Boulevard, has spaces available of 1,200 sq.ft., 1,800 sq.ft. and 4,943 sq.ft. Cotenants include Steinmart, Bi-Lo, Office Depot, Massage Envy, Lenscrafters, Planet Fitness, Great Clips, Olive Garden and Burger
King. Area demographics include a population of 144,412 within five miles earning $70,191 as the average household income. The average daily traffic count is 33,000 vehicles. For more information, contact Cortney Carter, Bill Runge or Greg Carter, Collett, 220 North Main Street, Suite 315, Greenville, SC 29601; 864-752-0300; Emails: ccarter@collett.biz, wrunge@collett.biz and gcarter@collett.biz; Web site: www.collett.biz.
wfC IS ACTIvELY ACqUIRING RETAIL pROpERTIES
Texas San Antonio – An 8,305 sq.ft. freestanding former bank is available near the intersection of Thousand Oaks and Wurzbach Parkway. Area retailers include HEB Grocery Store, Wendy’s, Pizza Hut, Walgreen’s and Taco Cabana. The average daily traffic count is 18,141 vehicles. Area demographics include a population of 250,707 within five miles earning $66,146 as the average household income. For more information, contact Maggie Nigro, Kennedy Wilson, 7411 John Smith, Suite 740, San Antonio, TX 78229; 210-6929200; Email: mnigro@kennedywilson.com; Web site: www.kennedywilson.com.
Virginia
Westwood Financial has an immediate $150M 1031 Exchange! Anchored, Shadow-Anchored, REO/Distressed, Note Sales & Short Sales all desired. Can Close in 7 Days or Less! CALL US OR EMAIL US TODAY TO SCHEDULE A MEETING AT THE ICSC CAROLINAS IDEA ExCHANGE Joe Dykstra Executive Vice President O: 310.820.5443 C: 310.890.6699 jdykstra@westfin.com
Scott Henard Vice President, Acquisitions O: 972.284.0925 C: 972.998.7373 shenard@westfin.com
Arlington – A 2,500 sq.ft. pad site, located on a 9,000 sq.ft. land area, is available at the intersection of Richmond Highway/Route 1 and Groveton Street. Area demographics include a population of 113,834 within three miles earning an average household income of $102,760. Fairfax – Spaces of 1,803 sq.ft. to 2,778 sq.ft are available, at the ground level of an apartment building, at the intersection of Ridge Top Road and Government Center Parkway. Area demographics include a population of 224,065 within five miles earning an average household income of $137,528. For more information regarding the Arlington property, contact Mark Fontaine, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 703-4042346; Email: mfontaine@renaudconsulting.net; Web site: www.renaudconsulting.net. For more information regarding the Fairfax property, contact Leonard Pick or Bryan Davis; 571-765-4424/4437; Emails: lpick@renaudconsulting.net and bdavis@renaudconsulting.net. Bealeton – Bealeton Village Center, located at the intersection of Catlett Road/Route
11440 San Vicente Blvd, Ste 200 | Los Angeles, CA 90049 | www.westfin.com Page 20 | March 22, 2013
(continued on page twenty-two)
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space place Virginia (continued from page twenty)
28 and Marsh Road/Route 17, has a 1,600 sq.ft. inline space and a 5,000 sq.ft. pad site available. Cotenants include Rite Aid, McDonald’s, Radio Shack, Family Dollar, Food Lion, H&R Block and True Value. Area demographics include a population of 12,670 within five miles earning a median household income of $85,538. For more information, contact Andrea Phelps, Paraclete Realty, LLC; 443-6327464; Email: andrea@paracleterealty.com; Web site: www.paracleterealty.com. Midlothian – Colony Crossing, located along Colony Crossing Place, has spaces available of 1,500 sq.ft. to 8,400 sq.ft. Area demographics include a population of 105,592 within five miles earning $92,695 as the average household income. Richmond – Brookhill Azalea Shopping Center, a 162,087 sq.ft. neighborhood center located at the intersection of Chamberlayne Avenue/ Route 301 and Azalea Avenue, has spaces available of 1,610 sq.ft. to 16,146 sq.ft., in addition to an outparcel of 2,500 sq.ft. Cotenants include Food Lion, Rainbow,
Virginia
Virginia
Family Dollar, Cititrends, Aaron Rents and Subway. Area demographics include a population of 207,421 within five miles earning $60,988 as the average household income. Waynesboro – Waynesboro Town Center, a 400,000 sq.ft. power center located along Rosser Avenue, has a 3,000 sq.ft. space available, in addition to outparcels. Cotenants include Target, Kohl’s, Hibbett Sports, Ross Dress For Less, Michael’s, rue 21, Sleepy’s, Rack Room Shoes, dressbarn, Bed Bath & Beyond and PetSmart. Area demographics include a population of 39,141 within five miles earning $56,029 as the average household income. For more information regarding the Midlothian property, contact Brett McNamee, John Madures or Nick Radkowsky, Divaris Real Estate, 1111 East Main Street, Suite 801, Richmond, VA 23219; 804-6434700; Emails: bmcnamee@divaris.com, jmadures@divaris.com and nradkowsy@divaris.com; Web site: www.divaris.com. For more information regarding the Richmond property, contact Sara Goodall or Nick Radkowsky; Email:
sgoodall@divaris.com. For more information regarding the Waynesboro property, contact Debbie Wake or Brett McNamee; Email: dwake@divaris.com.
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Winchester – Rutherford Crossing, a 400,000 sq.ft. shopping center located at the intersection of Interstate 81 and Martinsburg Pike/Route 11, has anchor spaces available of 20,000 sq.ft., 34,000 sq.ft. and 42,000 sq.ft., in addition to inline spaces of 1,406 sq.ft. and 2,400 sq.ft., along with pad sites of 3,900 sq.ft. and 6,000 sq.ft. Cotenants include Lowe’s, Target, Party City, McDonald’s, Texas Roadhouse, Hair Cuttery, Sally Beauty Supply, Maurices, Sleepy’s and Famous Footwear. Area demographics include a population of 104,753 within ten miles earning $71,860 as the average household income. The average daily traffic count is 27,000 vehicles. For more information, contact Judd Bostian or Jack Waghorn, NVRetail, 151 Market Street, Winchester, VA 22603; 703448-4312/0587; Emails: jbostian@nvretail.com and jwaghorn@nvretail.com; Web site: www.nvretail.com. DM
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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 property
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WALMART ANCHORED RETAIL OPPORTUNITIES INLINE SPACE & OUTPARCELS AVAILA B L E
TBD - NEW Charlotte, NC Neighborhood Market
VILLAGE AT REDBRIDGE Locust, NC Supercenter
SHOPPES AT RICHLAND Aiken, SC Supercenter
GLENN VIEW STATION Durham, NC Supercenter
GRANDVIEW STATION Marion, NC Supercenter
SHOPPES AT WHITE KNOLL Lexington, SC Supercenter
SHOPPES AT GOLDSBORO Goldboro, NC Supercenter
MORGANTON HEIGHTS Morganton, NC Supercenter, Belk, TJ Maxx, Ross
CHAMBLEE VILLAGE Chamblee, GA Supercenter
HARDEE CROSSING Greenville, NC Supercenter
SHOPPES AT OXFORD Oxford, NC Supercenter
CENTRE AT LOVEJOY Lovejoy, GA Supercenter
SHOPPES AT WESTGATE Leland, NC Supercenter
SHOPPES AT RAEFORD Raeford, NC Supercenter
HUDSON BRIDGE CROSSING Stockbridge, GA Supercenter
VISIT US AT THE CAROLINAS ICSC AT BOOTH #811 OR ONLINE AT WWW.WRSREALESTATE.COM
843.654.7888
www.wrsrealestate.com
MOVING FORWARD. As a pure retail REIT, we are moving forward by increasing occupancy, expanding in major growth markets and strategically recycling our portfolio.
OWN. MANAGE. LEASE. Make your next move with us at The Carolinas Idea Exchange March 18-19 Booth 601
www.weingarten.com