Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXX No. XII
March 27, 2015
FEATURING SUPERMARKET CHAINS EXPAND Delhaize Group trades as Food Lion and Hannaford at more than 1,300 locations throughout DE, GA, KY, MA, MD, ME, NC, NH, NY, PA, SC, TN, VA, VT and WV. The supermarkets occupy spaces of 24,000 sq.ft. to 85,000 sq.ft. in freestanding locations and neighborhood, power and strip centers. Growth opportunities are sought throughout MA, MD, ME, NC, NH, NY, PA, SC, VA and VT during the coming 18 months. Typical leases run 20 years. A vanilla shell is required. A land area of five to 10 acres is required for freestanding locations. For more information regarding expansion for Food Lion, contact Jeff Smith, Delhaize Group, 2110 Executive Drive, Salisbury, NC 28147; 704633-8250 Ext. 3841; Email: realestate@foodlion.com; Web site: www.foodlion.com. For more information regarding expansion for Hannaford, contact Mary Gamage, 207-883-2911 Ext. 2329. Johanneson’s, Inc. trades as Marketplace Foods at 10 locations throughout MN, ND and WI. The supermarkets occupy spaces of 20,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Sara Moran, Johanneson’s, Inc., PO Box 608, Bemidji, MN 56619-0608; 218-751-9644, Fax 218-751-8442; Email: sara.moran@pace-development.com; Web site: www.marketplacefoods.com.
Dan’s Supreme Super Markets, Inc. trades as Dan’s Key Food at nine locations in NY. The supermarkets, featuring deli, produce, seafood and bakery departments, occupy spaces of 20,000 sq.ft. to 50,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the New York, NY metropolitan areas during the coming 18 months. Typical leases run 25 years. For more information, contact Richard Grobman, Dan’s Supreme Super Markets, Inc., 474 Fulton Avenue, Hempstead, NY 11550; 516-483-2400 Ext. 133, Fax 516-483-1586; Email: rgrobman@danssupreme.com; Web site: www.danssupreme.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, offering bulk food items, 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 Tony Bernardini, Smart & Final Stores, LLC, 600 Citadel Drive, Commerce, CA 90040; 323-869-7750; Emails: tony.bernardini@smartandfinal.com; Web site: www.smartandfinal.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 32,852 locations with plans to open 1,927 sites • Real estate valued in excess of $591 million to be bought, sold & financed • Leasing activity on over 3.7 million sq.ft. of retail properties WS T NE RTAN PEDITE O P X IM SE E PLEA
Postmaster: Periodical
ICSC CAROLINAS IDEA EXCHANGE Who’s Opening and Where Shake Shack set on world domination on the burger and fries market................................. Pg. 3 Lowes Foods takes more of SC.... Pg. 3 Observations and Conversations Pg. 4 New Construction WRS breaking ground on two centers in NC............................. Pg. 5 Buyers and Sellers Marcus & Millichap markets shopping center at Cap rate exceeding 10%........................... Pg. 6 Food Chains Expand Chick-fil-A continues national growth........................................ Pg. 7 Lease Signings Konover South inks deal with Office Depot.............................. Pg. 8 Lead Sheet Dollar Star eyes the Carolinas for growth........................................ Pg. 10 Hair Cuttery projects 25 openings..................................... Pg. 11 Dunham’s Sports set to open up to 30 stores................................. Pg. 12 Olympia Sports looks to open 25 or more locations....................... Pg. 12 Making the News Lee & Associates tops leader for its national retail division............ Pg. 13 Sources of Financing Cronheim Mortgage places loan for MD site................................. Pg. 13 Exclusives and Tenant Reps Levin Management appointed to manage Pathmark-anchored center......................................... Pg. 13 Space Place................................ Pg. 14
CHAPTER 11 BANKRUPTCY SALE FORMER RADIOSHACK DISTRIBUTION CENTER 336,000 SQ. FT. IN HAGERSTOWN, MD 100 Tandy Drive Hagerstown, MD • Distribution Center • 336,000 Sq. Ft. • 20.5 Acres • 1 Building / 1-Story • Zoned Industrial General •28 Dock-High Doors • 2 Drive-In Doors
Mike Matlat (631) 465-9508 mike@agrealtypartners.com
Michael Jerbich (312) 454-2057 michael@agrealtypartners.com
ALL INFORMATION CONTAINED HEREIN WAS OBTAINED FROM SOURCES DEEMED RELIABLE. NO WARRANTIES OF REPRESENTATION, EXPRESSED OR IMPLIED, ARE MADE REGARDING THE ACCURACY OF THE INFORMATION CONTAINED HEREIN AND SUCH INFORMATION IS SUBMITTED SUBJECT TO ERRORS, OMMISSIONS, PRIOR LEASES ASSIGNMENT, SUBLEASE AND/OR WITHDRAWAL WITHOUT NOTICE. ALL TRANSACTIONS ARE SUBJECT TO BANKRUPTCY COURT APPROVAL.
WHO’S OPENING AND WHERE BRIX Holdings, LLC (214-302-5910), is planning to open 20 to 30 Smoothie Factory Juice Bar locations this year. The company offers smoothies, energy bars, snack items and vitamin supplements. Smoothie Factory Juice Bar, Red Mango Café, RedBrick Pizza, Greenz and Souper Salad also operate under BRIX Holdings, LLC banner. Golden Corral (919-781-9310) is planning to open 20 restaurants this year. The company currently operates 500 locations throughout 41 states.
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Creative Director Anthony Pingicer • anthony@dealmakers.net Account Executive Nicole Papa • nicole@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $344 per year U.S., foreign $419 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2015 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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Wal-Mart Stores, Inc. (479-273-4000) is opening a 135,580 sq.ft. Sam’s Club at Lewis Crossing, a 441,871 sq.ft. retail development located in Conway, AR during early 2016. The company will join Michaels, Dollar Tree, Burlington, Chuck E. Cheese, Academy Sports, Ross Dress for Less, Ulta and Petco at the site. The company trades as Walmart, Walmart Supercenter, Walmart Neighborhood Market and Walmart Express and currently operates more than 11,000 locations, as well as more than 640 Sam’s Club locations nationwide and internationally. Costa Vida Fresh Mexican Grill (801797-2374), through multi-unit franchisee agreements, is planning to open 41 restaurants throughout Denver, CO; Portland, OR; Atlanta, GA; Tampa and Sarasota, FL; northern CA and Vancouver, British Columbia, Canada. The chain of Mexican-inspired restaurants currently operates 68 locations in 12 states, primarily along the western coast, as well as three units in Alberta, Canada. Shake Shack, Inc. (203-747-8483) recently opened two Shake Shack restaurants in Boston, MA. The company also plans to expand to 450 locations nationwide, along with targeted openings throughout the Middle East and United Kingdom. The chain of fast-casual restaurants, offering burgers and dessert items, along with beer and wine, currently operates 65 locations worldwide. Trader Joe’s (626-599-3700) is planning to open a 9,300 sq.ft. supermarket at Tower Shops, a retail development located along South University Drive in Davie, FL by early 2016. The chain, offering more than 3,000 items under its private label, currently operates more than 400 specialty grocery stores throughout 40 states nationwide. Lowes Food, LLC (888-537-8646) is planning to open a 42,500 sq.ft. Lowes Foods grocery store at Riverside Commons, located at the intersection of Hammett Bridge Road and Suber Road in Greenville, SC during spring 2016. The store will anchor the center. The company currently operates more than 100 supermarkets throughout NC, SC and VA. IKEA (610-834-0180) is planning to open a 456,000 sq.ft. store on 22 acres along San Fernando Boulevard in Burbank, CA during fall 2017. The company, offering home furnishings and décor, currently operates more than 360 locations throughout 47 countries, including more than 40 stores in the U.S.
Nordstrom, Inc. (206-628-2111) is planning to open a three-story, 150,000 sq.ft. Nordstrom store located at the intersection of West Avenue and North Water Street, just off Interstate 95 in Norwalk, CT during fall 2018. The chain offers apparel, footwear and accessories for men and women, and currently operates more than 290 locations nationwide, trading as Nordstrom, Nordstrom Rack, Jeffrey boutique and one clearance outlet. The Stop & Shop Supermarket Co., LLC (800767-7772) is planning to open a 38,000 sq.ft. Stop & Shop supermarket at the Litchfield Village Green Plaza in Litchfield, CT during early 2016. The company, featuring bakery, deli, meat and seafood departments, currently operates more than 375 grocery stores throughout NJ, NY and the New England region of the U.S. rue21, Inc. (866-533-4783) is opening an 8,000 sq.ft. rue21 store in Cranberry Township, PA. The store will feature apparel for men and women, along with an area called rueLounge, featuring flat-screen televisions, iPads, cellphone charging stations and free WiFi service. The company currently operates more than 1,100 locations nationwide. Jimboy’s Tacos, Inc. (916-934-5100), through a franchisee expansion plan, is entering the WA market, with an opening slated for June. The company currently operates 40 fast-casual restaurants, primarily in the Sacramento, CA and Reno, NV areas, along with two locations in TX. Roundy’s, Inc. (866-279-6269) is planning to open five Mariano’s Fresh Market supermarkets throughout the Chicago, IL market this year. The company also operates under the trade-names Pick ‘N Save, Copps, Rainbow and Metro Market. PFIP, LLC (603-750-0001) is planning to open four Planet Fitness gyms throughout the Brooklyn and Manhattan, NY area this year. The company currently operates 900 fitness centers nationwide. Harris Teeter, Inc. (704-844-3100) is planning to open a Harris Teeter grocery store at Bowie Marketplace in Bowie, MD D during mid-2016. M
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OBSERVATIONS AND CONVERSATIONS The best advice that I’ve heard about being a minor partner in the ownership of any kind of business, no matter if it’s a shopping center or a start-up venture; don’t invest money that you can’t afford to lose. Ann O’Neal
Welcome to The Dealmakers’ special edition for the ICSC Carolinas Idea Exchange. My last column must have hit a nerve. It appears a lot of people in the industry also have bad experiences with bullies and “has beens” trying to horn in on their deals. Some of the comments were hilarious and some feedback was concerning. A few people mentioned they had lost bonuses and one person even got fired, because someone was so desperate to steal their deal. They not only got thrown under the bus, but the bus driver backed up and ran over them again. It’s a shame when one person can cause so much unneeded havoc, but I’ve learned that if you’re still standing after an encounter with a toxic interloper, moving on as fast as possible is the best route to take. Thank you for all of your comments; it’s great to hear the feedback. A few weeks ago, I attended a class at the ICSC’s University of Shopping Centers. The night before, the ICSC hosted an excellent lecture on CEOs Coping with Stress by Sharon Melnick, Ph.D., a business psychologist. It was pretty funny watching a room full of CEOs learning how to cope with a “screamer” in their office. The following day a panel of industry leaders was moderated by Brad Hutensky, President and Principal of Hutensky Capital Partners and an ICSC Trustee and Past Chairman. Brad’s questions focused on current issues and a look to the future. He had a distinguished panel that gave great insights and different perspectives. If you haven’t taken the time to attend classes at ICSC’s University of Shopping Centers, I highly recommend it. The class I took “Investing in Retail Properties and Structuring Partnerships” was taught by Gary Rappaport, Chief Executive Officer of Rappaport, CRX, CMD, CSM, CLS, CDP, as well as an ICSC Trustee, Past Chairman and Past State Director. Not only does Gary have a long and well-respected track record, he probably has more letters of the alphabet after his name than anyone else in the business. I wouldn’t be surprised if he has every certification the University of Shopping Centers offers. Needless to say, he really knows what he is talking about and I learned a lot in three hours on structuring partnerships. I’ve had three partners in my lifetime, one that I went home to every night and one that I contemplated hanging by his toe nails every other day. The other one is my best friend from college, he’s a financial wizard and I’m a scrappy dealmaker. Our talents are as equal as the money that we both invest, always 50/50 and we’ve stayed friends for over thirty years. However, I’ve seen the fallout when shopping center partnerships go haywire, especially when money gets tight or someone needs to cash-out. The worst case of a bad partnership that I’ve ever seen was when the general partner “forgot” to pay the mortgage for six months and most importantly, the insurance hadn’t been paid. The general partner was fired and a criminal investigation was started. The panic attacks with getting the shopping center insured immediately and coming up with some cash to get back in the good graces of the lender was not fun for any of the minor partners. The best advice that I’ve heard about being a partner of any kind of business, no matter if it’s a shopping center or a start-up venture; don’t invest money that you can’t afford to lose. Page 4 | March 27, 2015
Gary’s class gave me a better understanding of more complicated deals than I’ve personally been involved with and I have a greater appreciation for putting together deals with 85 minor partners. The classroom had a few oldies like me, but for the most part I saw people in their 30s and they asked really good questions. I stayed after class a bit to hear the questions students wanted to ask Gary one-on–one. I saw lots of smart young people with an entrepreneurial spirit and family money. I love spending time with people that have five or less years in the business, because if you’re attracted to the shopping center industry then, A) you’re most likely street smart B) you enjoy making money and C) you probably are a likable person. Without those three traits the odds of staying in this business for the long haul are slim. We have the pedal to the metal with getting ready for RECon. Some of the people that I work with heard that Peyton Manning would be speaking on Sunday and they mentioned how much they are looking forward to seeing him. The only sporting events that I follow are when my dogs compete in trials, so I had to ask, “Who is Peyton Manning?” They looked at me like I was from outer space and then in stereo the whole group said, “He is the greatest quarterback in the history of football.” My crew is fairly young and when they talk about TV shows and bands, half the time I have no idea who or what they are referring too, so getting a “I can’t believe you didn’t know that” look and their responses in stereo are regular occurrences. The lineup of speakers and sessions looks great for RECon. I know the dealmaking will be crazy good. Short of a major catastrophe, how could it not? If you need help with booking appointments in advance of RECon, our Eblast service is bar none the best marketing tool out there. Advertising in The Dealmakers is also the best way to get your marketing message to the attendees of RECon. Nicole Papa or I would be happy to help. You can reach Nicole by email at nicole@dealmakers.net and me at ann@dealmakers.net. I expect this RECon to be even more active than last year. The finance guys that I know are placing funds as fast as possible. My developer friends have projects coming out of the ground and are optimistic. The landlords and brokers that I talk with regularly also have expressed that the amount of lease transactions that they have in the pipeline is the best it’s been since the last recession. It’s getting fun again. Make sure to stop by our booth at the Carolinas show (#313) and we are looking forward to seeing all of you in Vegas!
Ann O’Neal, Publisher
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NEW CONSTRUCTION WRS, Inc. is preleasing Airport Plaza, a retail development located at the intersection of Black and Decker Road and I-95 Business in Fayetteville, NC. Spaces from 1,400 sq.ft. to 10,000 sq.ft. are available. The center is anchored by a Walmart Supercenter and will have 40,000 sq.ft. of shop space. Area demographics include a population of 94,102 within a five-mile radius earning $53,977 as the average household income. The company is also preleasing a retail development located at the intersection of NC Highway 24/87 and Brinkley Hill Lane in Spout Springs, NC. Inline spaces from 1,400 sq.ft. to 8,000 sq.ft. are available. The center is anchored by a Walmart Supercenter and will have 37,000 sq.ft. of small shops. Area demographics include a population of 29,287 within a five-mile radius earning $54,557 as the average household income. For more information, contact Erbie Blackwell, WRS Inc., 550 Long Point Road, Mount Pleasant, SC 29464; 843-654-7870; Email: eblackwell@wrsrealty.com; Web site; www.wrsrealty.com. Behar Real Estate Group, Inc. is preleasing West Dade Marketplace, a retail development located at the intersection of Southwest 137th Avenue and Southwest 8th Street in Miami, FL. A future Target will shadow-anchor the site. Retail spaces from 1,400 sq.ft. are available. The project is slated for completion during the third quarter of 2016. For more information, contact Michael Behar or David Behar, Behar Real Estate Group, Inc., 18321 West Dixie Highway, Suite 204, Miami, FL 33160; 305933-0614, Fax 305-933-0615; Emails: michael@beharrealestategroup.com and david@beharrealestategroup.com; Web site: www.beharrealestategroup.com. Cursor Realty Commercial is preleasing Shops of Crown Tree Lakes, a retail development located at the intersection of Lee Vista Boulevard and Econlockhatchee Trail in Orlando, FL. Spaces from 1,400 sq.ft. to 8,400 sq.ft. are available. Cotenants include Wawa. Area retailers include Home Depot, Staples, Kohl’s, Publix Supermarket and Aldi. Area demographics include a population of 514,970 within a five-mile radius earning $60,950 as the average household income. The average daily traffic count is 15,545 vehicles. The site is located near Orlando International Airport. The asking rental price is $20 psf NNN. For more information, contact Vanesa Cortes, Cursor Realty Commercial, 126 South Park Avenue, Suite C, Winter Park, FL 32789; 407-622-7772, Fax 212-298-8409; Email: vanesa@cursorflorida.com. Dealmakers Magazine | www.dealmakers.net
RED Legacy, LLC is proposing the redevelopment of Truman Corners, a retail project situated on 72 acres at the intersection of Blue Ridge Boulevard and Interstate 49 in Grandview, MO. Price Chopper anchors the site. Ross Dress for Less, T.J. Maxx, Burlington, LC’s Famous Kansas City BBQ, Petco, Shoe Carnival and McAlister’s Deli will open as part of the redevelopment, which is slated to be completed during fall 2016. The company is also preleasing the 150,000 sq.ft. expansion of The Streets of Brentwood, a 350,000 sq.ft. mixed-use project situated on 56 acres in Brentwood, CA. A 14-screen AMC Theatre anchors the center. The company is also redeveloping Wyandotte Plaza, a 230,00 sq.ft. shopping center located at the intersection of 78th Street and State Avenue in Kansas City, KS. A 68,000 sq.ft. Price Chopper supermarket will anchor the center. The company is also redeveloping Ward Parkway Center in Kansas City, MO. Cotenants include Target, Trader Joe’s, HomeGoods, Starbucks and Dick’s Sporting Goods. Plans call for 60,000 sq.ft. at the shopping center’s south end to be re-tenanted. For more information, contact RED Legacy, LLC, 4717 Central Street, Kansas City, MO 64112; 816-777-3500, Fax 816-777-3501; Web site: www.redlegacy.com. Tanger Factory Outlet Centers, Inc., in partnership with Poag Shopping Centers, LLC, is developing a 310,000 sq.ft. upscale outlet center off Interstate 55 in Southhaven, MS. Plans call for 70 retailers to tenant the site. For more information, contact Poag Shopping Centers, LLC, 2650 Thousand Oaks Boulevard, Suite 3150, Memphis, TN 38118; 901-761-7604; Web site: www.poagllc.com.
R.J. Brunelli & Co., LLC is preleasing a proposed retail development to be located at the intersection of Sunset Avenue and Seaview Square Drive in Ocean Township, NJ. Up to 12,000 sq.ft. of space will be available. Area retailers include Wegmans, CVS, Burger King, Costco, Target and Sears. The site is located near Seaview Square Mall. Area demographics include a population of 149,563 within a five-mile radius earning $84,710 as the average household income. For more information, contact Joe AmecAngelo, R.J. Brunelli & Co., LLC, 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800 Ext. 32; Email: jamecangelo@rjbrunelli.com. BishopBeale is developing Pineda Landings, a retail development located at the intersection of Wickham Road and Jordan Blass Drive in Suntree, FL. The Fresh Market will anchor the center and the project is slated to open during the summer. For more information, contact BishopBeale, 250 North Avenue, Suite 1500, Orlando, FL 32801; 407-426-7702, Fax 407-426-7712; Email: info@bishopbeale.com; Web site: www.bishopbeale.com. Atlantic Commercial Group, Inc. is preleasing a 12,000 sq.ft. retail development located along Southeast 5th Avenue/Federal Highway in Delray Beach, FL. Spaces from 1,100 sq.ft. to 6,566 sq.ft. are available. The project is slated to open during March 2016. Asking rents run from $25 to $30 psf. For more information, contact Bob Locke, Atlantic Commercial Group, Inc.; 561-4478610; Email: rlocke@atlanticcg.com. DM
WRS, Inc. is preleasing Airport Plaza in Fayetteville, NC. March 27, 2015 | Page 5
BUYERS AND SELLERS Marcus & Millichap is selling a 96,127 sq.ft. community shopping center located in Jacksonville, FL. The property is currently 86.7% occupied and anchored by WinnDixie. The average daily traffic count is 40,000 vehicles. The asking price is $5.535 million with a Cap rate of 8.35%. The company is also selling a 20,274 sq.ft. neighborhood shopping center located at the intersection of Beckwith Road and Waukegan Road in Morton Grove, IL. Area demographics include a trae-area population within a three-mile radius earning $109,536 as the average household income. The average daily traffic count is 35,000 vehicles. The asking price is $4.063 million with a Cap rate of 6.41%. The company is also selling Choctaw Plaza, a 93,300 sq.ft. neighborhood shopping center situated on seven acres along Racetrack Road Northwest in Ft. Walton Beach, FL. The property is currently 95% occupied and tenants include Big Lots. The company is also selling a 44,399 sq.ft. strip center situated on 6.07 acres in Houston, TX. The property is currently 64% occupied. Kroger Marketplace shadowanchors the site. Area demographics include a population of 173,346 within a five-mile radius. The asking price is $8.3 million with a Cap rate of 10.17%. For more information regarding the Jacksonville property, contact Brett Chetek, Marcus & Millichap, 7800 Forsyth Boulevard, Suite 710, St. Louis, MO 63105; 314-8892504. For more information regarding the Morton Grove property, contact Brian Parmacek, 8750 West Bryn Mawr Avenue, Suite 650, Chicago, IL 60631; 773-8671496. For more information regarding Choctaw Plaza, contact Marcus & Millichap, 5900 North Andrews Avenue, Suite 100, Ft. Lauderdale, FL 33309; 954-245-3400. For
more information regarding the Houston property, contact Derek Hargrove or Justin Miller, Three Riverway, Suite 800, Houston, TX 77056; 713-452-4200, Fax 713-452-4210. Jones Lang LaSalle is selling Lohmans Crossing, a 101,121 sq.ft. shopping center located along Lohmans Spur in Austin, TX. The property is currently 98% occupied and tenants include Chair King and Tuesday Morning. The site is located across from a 90,000 sq.ft. Randalls grocery-anchored shopping center. The asking price is $18.114 million with a Cap rate of 7.25%. For more information, contact George Cushing, Wendy Vandeventer, Meaghan Gallacher or Jimmy Board, Jones Lang LaSalle, 1400 Post Oak Boulevard, Suite 1200, Houston, TX 77056; 713425-5849, Fax 713-888-4040; Email: george.cushing@am.jll.com. Adelphia Properties recently negotiated the sale of Itasca Park Place Plaza, a 22,000 sq.ft. strip center located along Irving Park Road in Itasca, IL. The property was acquired for $1.25 million and the company represented the seller in the transaction. For more information, contact George Spirrison, Adelphia Properties; 630455-4495, Fax 630-455-4496; Email: george@adelphiaproperties.com; Web site: www.adelphiaproperties.com. Calkain Cos. is selling a two-tenant retail property located along 14th Street Northwest in Washington, DC. The asking price is $4.525 million with a Cap rate of 4.7%. For more information, contact Calkain Cos., Web site: www.calkain.com.
S.L. Nusbaum Realty Co. is selling Victory West, a shopping center in Portsmouth, VA. Page 6 | March 27, 2015
Stan Johnson Co. is selling a 37,900 sq.ft. freestanding LA Fitness located along Dixie Highway in Louisville, KY. The tenant is bound to a seven-year lease. The average daily traffic count is 53,000 vehicles. The asking price is $9.314 million with a Cap rate of 7.75%. The company is also selling a Staples located in Ft. Lee, NJ. The tenant is bound to a lease with seven years remaining on the initial term and featuring three, fiveyear options with rent escalations of 10%. Area demographics include a population of 30,000 within a one-mile radius earning $68,550 as the median household income. The average daily traffic count is 37,000 vehicles. The asking price is $8.75 million with a Cap rate of 5.7%. For more information regarding LA Fitness, contact Kyle Davis, Stan Johnson Co., 6120 South Yale, Tulsa, OK 74135; 918-494-2690; Email: kdavid@stanjohnsonco.com; Web site: www.stanjohnsonco.com. For more information regarding Staples, contact Jason Maier or Jesse Prince, 180 Madison Avenue, Suite 1500, New York, NY 10016; 646-7785560; Emails: jmaier@stanjohnsonco.com and jprince@stanjohnsonco.com. S.L. Nusbaum Realty Co. is selling Victory West, a shopping center located along Airline Boulevard in Portsmouth, VA. Tenants include Dollar General, G-Force Karting and Atlantis Games and Comics. Area demographics include a population of 153,396 within a five-mile radius earning $61,642 as the average household income. The average daily traffic count is 14,000 vehicles. The asking price is $6.5 million. For more information regarding the Portsmouth property, contact Michael Zarpas, S.L. Nusbaum Realty Co., 1700 Wells Fargo Center, 440 Monticello Avenue, Norfolk, VA 23510; 757-627-8611; Email: mzarpas@slnusbaum.com; Web site: www.slnusbaum.com. CBRE | New England recently negotiated the sale of Willimantic Plaza, located along West Main Street in Willimantic, CT. At the time of the sale, the property was 100% occupied and anchored by BJ’s Wholesale Club. Tenants included Family Dollar, Bank of America and KFC. The shopping center was acquired for $12.4 million and the company represented the seller and procured the buyer in the transaction. For more information, contact John Dobroski, CBRE | New England, 33 Arch Street, 28th Floor, Boston, MA 02110; 617-912-6992, Fax 617-912-7001; Email: john.dobroski@cbre-ne.com; Web site: www.cbre-ne.com. DM Dealmakers Magazine | www.dealmakers.net
FOOD CHAINS EXPAND Chick-fil-A, Inc. trades as Chick-fil-A at more than 1,900 locations throughout 41 states. The fast-food restaurants occupy spaces of 4,000 sq.ft. in freestanding locations and regional malls. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with four, five-year options. Preferred cotenants include Lowe’s Home Improvement, Walmart, Target or Home Depot. Preferred demographics include a population of 35,000 within one mile earning $50,000 as the average household income. The company prefers sites with a drive-thru. For more information, contact Erwin Reid, Chick-fil-A, Inc., 5200 Buffington Road, Atlanta, GA 30349-2998; 404765-8000, Fax 404-765-8941; Email: erwin.reid@chick-fil-a.com; Web site: www.chick-fil-a.com. Focus Brands trades as Auntie Anne’s at more than 1,600 locations nationwide and internationally. The pretzel shops occupy spaces of 450 sq.ft. to 600 sq.ft. in entertainment and outlet centers, malls, airports tourist and urban/downtown areas, as well as universities. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years with options. Preferred cotenants include women’s and children’s retailers. Preferred demographics include a population of 250,000 within a 10-mile radius. Major competitors include Wetzels, Pretzelmaker and Pretzel Time. For more information, contact Janice Fisher, Focus Brands, 48-50 West Chestnut Street, Lancaster, PA 17603; 717-435-1585, Fax 717-435-1576; Email: jfisher@auntieannesinc.com; Web site: www.auntieannes.com. Tilted Kilt Pub & Eatery operates more than 100 locations nationwide and in Canada. The bar/restaurants prefer to occupy spaces of 5,500 sq.ft. to 6,500 sq.ft. in power, strip, specialty or outlet centers, regional malls, freestanding locations or downtown areas. Growth opportunities are sought throughout NY, excluding the New York metropolitan area, during the coming 18 months, with representation by RedMark Realty, LLC. Typical leases run 10 years. Major competitors include Buffalo Wild Wings and Hooters. For more information, contact Gordon Heeps or Alex Kutikov, RedMark Realty, LLC, 7 Southside Drive, Suite 200, Clifton Park, NY 12065; 518-952-7500, Fax 518207-0134; Email: gheeps@redmarkrealty.com; Web site: www.redmarkrealty.com. Dealmakers Magazine | www.dealmakers.net
Twin Peaks operates 67 locations throughout AL, AR, AZ, CO, FL, GA, IA, ID, IL, IN, KS, LA, MI, MO, MS, NC, NE, NM, NV, OK, SC, TN and TX. The bar/restaurants prefer to occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations or pad sites. Growth opportunities are sought along the northeast corridor and west coast region of the U.S. during the coming 18 months. For more information, contact Emily Rankin, Twin Peaks, 5151 Beltline Road, Suite 1200, Dallas, TX 75254; 972-2126872; Email: emily.rankin@fbrest.com; Web site: www.twinpeaksrestaurant.com. Jimmy John’s Gourmet Sandwiches operates 2,150 locations nationwide. The sandwich shops prefer to occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in freestanding locations, urban areas, strip and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. A drive-thru is preferred. For more information, contact Dan Albo, Jimmy John’s Gourmet Sandwiches, 2212 Fox Drive, Champaign, IL 61820; 217-3569900; Email: realestate@jimmyjohns.com; Web site: www.jimmyjohns.com. Jake’s Franchising, LLC trades as Jake’s Wayback Burgers at more than 80 locations nationwide. The fast-casual restaurants prefer to occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in various retail settings. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Bill Chemero, Jake’s Franchising, LLC, 1157 Highland Avenue, Suite 108, Cheshire, CT 06410; 877-525-3791; Web site: www.waybackburgers.com.
Bill Gray’s, Inc. trades as Bill Gray’s Restaurants and Tom Wahl’s at 27 locations throughout NY. The restaurants prefer to occupy spaces of 6,000 sq.ft. to 9,000 sq.ft. in malls, strip centers and freestanding locations. Growth opportunities are sought in Rochester, NY during the coming 18 months. Typical leases run five to 10 years with options. Preferred demographics include a population of 65,000 within five miles earning $40,000 as the average household income. The company prefers to locate in second-generation spaces. For more information, contact John Gonzalez, Bill Gray’s, Inc., 964 Ridge Road, Webster, NY 14580; 585-787-0150 Ext. 107; Email: jgonzalez@billgrays.com; Web site: www.billgrays.com. Hurricane Grill & Wings operates 67 locations nationwide. The casual-dining restaurants occupy spaces of 3,400 sq.ft. to 5,000 sq.ft. in endcaps of shopping centers or freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a population of 60,000 within a six-minute drive-time. Preferred average daily traffic counts are 25,000 vehicles. For more information, contact Kevin Kruse, Hurricane Grill & Wings, 1800 Old Okeechobee Road, Suite 100, West Palm Beach, FL 33409; 561-932-1075; Email: kevin.kruse@hurricaneamt.com; Web site: www.hurricanewings.com. DM
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Jimmy John’s is seeking growth opportunities nationwide during the coming 18 months. March 27, 2015 | Page 7
SUPERMARKET CHAINS EXPAND (continued from page one)
Sprouts Farmers Market operates more than 195 locations throughout AL, AZ, CA, CO, GA, KS, MO, NM, NV, OK, TX and UT. The supermarkets, offering natural and organic food items, as well as featuring wine and beer, floral, bakery and seafood departments, occupy spaces of 27,000 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout Contra Costa, Santa Clara, Monterey and Santa Cruz, CA during the coming 18 months, with representation by SRS Real Estate Partners. For more information, contact Bob Berndt or Sarah Edwards, SRS Real Estate Partners, 1407 Oakland Boulevard, Suite 301, Walnut Creek, CA 94596; 925-256-0100/408216-2322; Emails: bob.berndt@srsre.com and sarah.edwards@srsre.com; Web sites: www.srsre.com and www.sprouts.com. Tops Markets, LLC trades as Tops Markets at 155 locations throughout central and western NY, northern PA and VT. The supermarkets, some with gasoline facilities, occupy spaces of 30,000 sq.ft. to 70,000 sq.ft. in power and strip centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months.
For more information, contact Tom Fitzgerald, Tops Markets, LLC, PO Box 1027, Buffalo, NY 14240; 716-635-5130, Fax 716635-5979; Email: tfitzgerald@topsmarkets.com; Web site: www.topsmarkets.com. Western Beef, Inc. trades as Western Beef Supermarket at 25 locations throughout FL and the New York, NY metropolitan area. The warehouse-style supermarkets occupy spaces of 10,000 sq.ft. and up in freestanding locations and strip centers in urban and suburban areas. Growth opportunities are sought throughout southeastern FL and the surrounding boroughs of New York, NY during the coming 18 months. The company also operates five Junior’s Food Outlet stores throughout the New York, NY area and is seeking spaces of 10,000 sq.ft. to 15,000 sq.ft. throughout existing areas. For more information, contact Santino Montalbano or Sandi Lohay, Western Beef, Inc., 718-417-3770; Emails: santino@westernbeef.com and sandil@westernbeef.com; Web site: www.westernbeef.com. Kroger (Central Marketing) operates more than 135 locations throughout IL, IN, MI, St. Louis, MO and OH. The supermarkets
occupy spaces of 50,000 sq.ft. to 75,000 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 Carla Cole, Kroger (Central Marketing), 5960 Castleway West Drive, Indianapolis, IN 462501977; 317-579-8393, Fax 317-579-8331; Email: carla.cole@kroger.com; Web site: www.kroger.com. 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 at least $35,000 as the average household income. For more information, contact Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-566-7010, Fax 618-566-4081; Email: info@tomsmarket.com; Web site: D www.tomsmarket.com. M
LEASE SIGNINGS Passov Real Estate Group (216-831-8100) recently negotiated the following leases throughout OH: with House of Vapes for 1,600 sq.ft. at The Crossings, located along Royatlon Road in Broadview Heights, with Michael DiFranco of Passov Real Estate Group representing the landlord in the transaction; with Louis Brothers Foods for 2,063 sq.ft. at The Pavilion at Rivers Crossing, located along Corwin Nixon Boulevard in South Lebanon, with Michael DiFranco representing the tenant in the transaction; with Dollar Tree for 9,000 sq.ft. at Marc’s Shopping Center, located along South Water Street in Kent, with Tori Nook of Passov Real Estate Group representing the tenant in the transaction and with Mattress Firm for 6,095 sq.ft. at Southland Shopping Center, located along West 130th Street in Middleburg Heights, with Tori Nook representing the tenant in the transaction. The company also recently negotiated a lease renewal with Aaron’s for 6,500 sq.ft. along Lorain Avenue in Cleveland, OH, with Greg Guyuron of Passov Real Estate Group representing the tenant in the transaction. Page 8 | March 27, 2015
Konover South, LLC (954-354-8282) recently negotiated the following leases throughout FL: with Office Depot for 25,000 sq.ft., CATO for 4,160 sq.ft. and Allettante Bellezza Bridals for 1,236 sq.ft. along Southeast Federal Highway in Stuart; with iFLY Indoor Skydiving for 4,474 sq.ft. at Universal Kidney Center, located along West State Road 84 in Davie and with LA Nails for 1,200 sq.ft. along South Military Trail in Delray Beach. Goodman Real Estate Services Group, LLC (216-381-8200) recently negotiated a lease with Chick-fil-A for space along State Route 46/Niles Cortland Road in Niles, OH. Richard Edelman of Goodman Real Estate Services Group, LLC represented the tenant in the transaction. The Rotella Group, Inc. (954-568-9015) recently negotiated a lease with South Florida Allstars Cheer Co., LLC for 3,050 sq.ft. at Delray Park of Commerce in Delray Beach, FL. Bruce Smith of The Rotella Group, Inc. negotiated the transaction.
S.L. Nusbaum Realty Co. (757-282-6505) recently negotiated the following leases throughout VA: with Queen’s Cleaners for 1,795 sq.ft. at Washington Square in Grafton, with Neal Sadler of S.L. Nusbaum Realty Co. representing the landlord in the transaction; with Jimmy John’s Gourmet Sandwiches for 1,610 sq.ft. along Northampton Boulevard in Virginia Beach, with J.C. Wynkoop of S.L. Nusbaum Realty Co. representing the tenant in the transaction; with Insomnia Cookies for 1,452 sq.ft. at ODU Village in Norfolk, with Murray Rosenbach of S.L. Nusbaum Realty Co. representing the landlord in the transaction and with IchRan Japanese Ramen for 1,235 sq.ft. at Military Square Shopping Center in Norfolk, with Mike Zarpas of S.L. Nusbaum Realty Co. negotiating the transaction. The company also negotiated a lease with Sport Clip for 1,625 sq.ft. at Raceway Market Shops in Indianapolis, IN, with Matthew Nusbaum of S.L. Nusbaum Realty Co. representing the D M landlord in the transaction. Dealmakers Magazine | www.dealmakers.net
LEAD SHEET Fossil Tom Power c/o SRS Real Estate Partners 301 Howard Street, Suite 900 San Francisco, CA 94105 415-908-4942 Email: tom.power@srsre.com Web site: www.srsre.com
Accessories The chain operates 580 locations nationwide and internationally. The stores, offering watches, handbags and accessories, occupy spaces of 1,500 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout northern CA during the coming 18 months, with representation by SRS Real Estate Partners.
Discount Tire Centers and Evans Tires Kim Seitz 1160 North Anaheim Boulevard Anaheim, CA 92801 714-861-9024, Fax 714-899-4923 Email: kseitz@discounttirecenters.com Web site: www.discounttirecenters.com
Automotive The 60-unit chain operates locations throughout southern CA. The automotive tire and service centers occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
B & B Corporate Holdings, Inc. dba Handy Food Stores, Inc. Linda Toledo PO Box 1808 Tampa, FL 33601 813-621-6411 Ext. 3230, Fax 813-626-3864 Email: ltoledo@bbchi.com Web site: www.bbchi.com
Convenience The chain operates 19 locations in FL. The convenience stores occupy spaces of 2,400 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Circle K Stores, Inc. – Florida Region dba Circle K Edward Giunta II 12911 North Telecom Parkway Tampa, FL 33637 813-910-5307, Fax 813-910-6912 Email: egiunta@circlek.com Web site: www.circlekflorida.com
Convenience The chain operates locations nationwide and internationally. The convenience stores, with gasoline facilities, occupy spaces up to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout FL during the coming 18 months. A land area of 1.25 to three acres is required. The company is franchising. For more information regarding expansion in southeastern FL, from Broward County on up, contact Ryan Plate, 813910-5304, Email: rplate@circlek.com. For more information regarding expansion in southwestern FL, from Manatee to Collier County, contact Jon Christiansen, 813-318-2688, Email: jchristi@circlek.com.
Dash In Food Stores, Inc. dba Dash In Food Stores Steve Donnelly 6355 Crain Highway La Plata, MD 20646 301-934-2200, Fax 301-932-3668 Email: sfaucheux@twgi.net Web site: www.dashinfoodstores.com
Convenience The 62-unit chain operates locations throughout DE, MD and VA. The convenience stores, with gasoline facilities, occupy spaces of 1,100 sq.ft. to 4,400 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company will also consider second-generation spaces.
GEO H. Green Oil, Inc. dba Greenway Stores John Davis PO Box 127 Fairburn, GA 30213 770-964-6125 Email: davis@greenoilco.com Web site: www.greenoilco.com
Convenience The chain operates more than 100 locations throughout GA. The convenience stores occupy spaces of at least 4,000 sq.ft. in freestanding locations and tourist centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include fast-food restaurants. A land area from one to 10 acres is required for freestanding locations.
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March 27, 2015 | Page 9
LEAD SHEET Jaco Oil Co. dba Fastrip Food Stores Lee Jamieson PO Box 82515 Bakersfield, CA 93380-2515 661-393-7000, Fax 661-393-8738 Web site: www.jaco.com
Convenience The 62-unit chain operates locations throughout AZ, CA and NV. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout central CA during the coming 18 months. The company prefers to acquire sites.
Sally Beauty Holdings, Inc. dba Sally Beauty Supply Nicole Curtis 3001 Colorado Boulevard Denton, TX 76201 800-777-5706 Ext. 4930 Email: ncurtis@sallybeauty.com Web site: www.sallybeauty.com
Cosmetics The chain operates more than 4,700 locations nationwide and internationally. The stores, offering beauty supplies, hair, nail and skin care products, occupy spaces of 1,200 sq.ft. to 1,800+ sq.ft. in shopping centers. Growth opportunities are sought throughout DE; Chicago, IL; IN; KY; MD; NJ; OH; PA; VA; WV and Washington, DC during the coming 18 months.
Dollar Star Ralph Lobodzinski 16300 Northwest 48th Avenue Hialeah, FL 33014 305-970-6929
Discount Store The 17-unit chain operates locations throughout FL, GA, NC and SC. The stores, offering discounted general merchandise, occupy spaces from 2,000 sq.ft. to 5,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Major competitors include Dollar General, Dollar Tree and Family Dollar.
CPR Mark Camara c/o APE Realty, Inc. 4491 West Whitewater Avenue Weston, FL 33332 Email: mcamara@aperealty.com Web site: www.aperealty.com
Electronics The chain operates more than 200 locations nationwide. The stores, offering repair services for cellular phones, computers, ipods and small electronic systems, as well as related small accessories, occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in regional malls, entertainment, outlet, power, specialty, strip and value centers, as well as downtown areas. Growth opportunities are sought nationwide during the coming 18 months, with representation by APE Realty, Inc. Typical leases run five years with a five-year option. Preferred cotenants include Verizon Wireless and T-Mobile. Expansion is franchise-driven.
Communications Electronics Todd Calhoun 1953 Greenspring Drive Timonium, MD 21093 410-252-1222, Fax 410-252-5231 Email: info@communicationselectronics.com Web site: www.communicationselectronics.com
Electronics The 15-unit chain operates locations throughout MD and PA. The electronics stores occupy spaces of 1,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Extreme Retail Canada, Inc. dba Buck or Two Plus! Finlay Burt 11 B Director Court Vaughan, Ontario, Canada L4L 4S5 905-265-3168, Fax 905-265-3162 Email: info@buckortwo.com Web site: www.buckortwo.com
General Merchandise The 65-unit chain operates locations throughout Canada. The stores, offering discounted general merchandise, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
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Dealmakers Magazine | www.dealmakers.net
LEAD SHEET Hair Cuttery Kelly Ratner c/o Ratner Cos. 1577 Spring Hill Road, Suite 500 Vienna, VA 22182 703-269-5136, Fax 703-269-5418 Email: kratner@ratnerco.com Web site: www.haircuttery.com
Hair Salon The chain operates more than 900 locations in the U.S. The hair salons occupy spaces of 1,200 sq.ft. in power, strip and specialty centers. Plans call for 25 openings throughout CT, FL, IL, MA, MI, NH, NJ, PA, RI and WI during the coming 18 months, with representation by Ratner Cos. Typical leases run five years with five-year options. Preferred cotenants include Giant, Harris Teeter, Market Basket, Whole Foods, Safeway and Big Y. Major competitors include Supercuts, Great Clips, Sport Clips and Fantastic Sams.
Wines & More, Douglas Wine Daniel Dori c/o BLACKLINE Retail Group, LLC 130 Rumford Avenue, Suite 213 Newton, MA 02466 617-553-1840 Email: dan@blacklinere.com Web site: www.blacklinere.com
Liquor The chain operates 21 locations throughout MA and RI. Douglas Wine prefers to occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. and Wines & More prefers to occupy 18,000 sq.ft. to 25,000 sq.ft. endcaps and inline spaces of power centers. Growth opportunities are sought throughout MA and RI during the coming 18 months, with representation by BLACKLINE Retail Group, LLC. Typical leases run 10 years with options. Preferred cotenants include national grocery store chains. The company prefers to locate in prominent retail markets. Expansion is franchise-driven.
Unleashed by Petco Vic Montalbo c/o Epsteen & Associates 450 Washington Boulevard Marina del Rey, CA 90292 310-451-8171 Ext. 230, Fax 310-395-6361 Email: vmontalbo@espteen.com Web site: www.epsteen.com
Pet Supplies The chain operates over 120 locations throughout CA, CO, GA, IL, MD, MA, NY, OR, PA, TX, VA, WA and Washington, DC. The pet supply stores occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in grocery-anchored shopping centers. Growth opportunities are sought throughout the greater Los Angeles, CA area during the coming 18 months, with representation by Epsteen & Associates.
Esco, Ltd. dba Shoe City Don Heasley 1800 Woodlawn Drive Gwynn Oak, MD 21207 410-944-1666, Fax 410-944-1665 Email: don@shoecityonline.com Web site: www.ycmc.com
Shoes The 35-unit chain operates locations throughout MD, VA and Washington, DC. The stores, offering footwear, apparel and accessories, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in freestanding locations, malls and strip centers. Plans call for three openings throughout the existing markets during the coming 18 months.
Shoe Sensation, Inc. dba Shoe Sensation Deborah Parson 253 America Place Jeffersonville, IN 47130 812-920-1105, Fax 812-285-1067 Email: dparson@shoesensation.com Web site: www.shoesensation.com
Shoes The 103-unit chain operates locations throughout AR, IA, IL, IN, KS, KY, MI, MN, MO, NE, OH, PA, SD, TN, VA, WI and WV. The stores, offering family footwear, occupy spaces of 4,800 sq.ft. to 6,500 sq.ft. in malls, power and strip centers. Growth opportunities are sought throughout the existing markets, in addition to OK, during the coming 18 months.
Oriental Chi Stuart Zall c/o The Zall Co. 4725 South Monaco Street, Suite 340 Denver, CO 80237 303-804-5656, Fax 303-804-9696 Email: szall@zallcompany.com Web site: www.zallcompany.com
Specialty The 32-unit chain operates locations nationwide. The massage therapy centers occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in regional enclosed shopping malls. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by The Zall Co.
Dealmakers Magazine | www.dealmakers.net
March 27, 2015 | Page 11
LEAD SHEET Christy Sports, LLC dba Christy Sports Keith Liefer 875 Parfet Street Lakewood, CO 80215 303-237-6321 Email: kliefer@christysports.com Web site: www.christysports.com
Sporting Goods The 44-unit chain operates locations throughout CO and UT. The stores, offering skiing, snowboarding and outdoor related apparel and accessories, occupy spaces from 4,500 sq.ft. to 15,000 sq.ft. in strip centers and resorts. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Dunham’s Athleisure Corp. dba Dunham’s Sports John Palmer 5607 New King Drive, Suite 125 Troy, MI 48098 248-530-6700, Fax 248-530-6717 Email: jpalmer@dunhamshq.com Web site: www.dunhamssports.com
Sporting Goods The 220-unit chain operates locations throughout AL, GA, IA, IL, IN, KS, KY, MD, MI, MN, MO, NC, NE, OH, OK, PA, SD, TN, VA, WI and WV. The sporting goods stores occupy spaces of 30,000 sq.ft. to 100,000 sq.ft. in freestanding locations, malls and lifestyle, power, specialty and strip centers. Plans call for 25 to 30 openings throughout the existing markets during the coming 18 months. Typical leases run five to seven years. A vanilla shell and specific improvements are required.
Olympia Sports Patrick Fitzpatrick 5 Bradley Drive Westbrook, ME 04092 207-854-2794, Fax 207-591-9055 Email: pfitzpatrick@olympiasports.net Web site: www.olympiasports.net
Sporting Goods The 227-unit chain operates locations throughout CT, MA, MD, ME, NH, NJ, NY, PA, RI, VA, VT and WV. The sporting-goods stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in regional malls, lifestyle, power and strip centers. Plans call for 25 to 30 openings throughout the existing markets, in addition to OH, during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include grocery and department stores, and discount retailers.
Spirit Halloween Superstores, LLC dba Spirit Halloween Frank Pacera 6826 Black Horse Pike Egg Harbor Township, NJ 08234 609-645-5447, Fax 609-645-5622 Email: frank.pacera@spirithalloween.com Web site: www.spirithalloween.com
Temporary Tenant The stores, offering Halloween costumes, masks, make-up, décor and related accessories, occupy spaces of 5,000 sq.ft. to 50,000 sq.ft. in freestanding locations, malls, outlet, power, specialty and strip centers, as well as downtown areas. Growth opportunities are sought on a temporary seasonal basis from August until mid-November in areas nationwide. Preferred cotenants include Target, Best Buy, Kohl’s and Walmart. Preferred demographics include a population of 35,000 within five miles earning $50,000 as the average household income. Major competitors include Party City.
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
Toys The 300-unit chain operates locations nationwide and in Canada. The stores, which feature build-your-own stuffed animal stations, 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.
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 12 | March 27, 2015
Dealmakers Magazine | www.dealmakers.net
REAL ESTATE PROFESSIONALS MAKING THE NEWS SRS Real Estate Partners (214-560-3215) recently hired Brad Whittell as an associate at the firm’s San Francisco, CA office. In his new position, Whittell will be responsible for marketing, research and analytics of retail and mixed-use investment sales in the northern CA and NV markets. Prior to joining the company, he served at Wells Fargo Realty Finance. The company specializes in brokerage, corporate, development, investment and management services. Sperry Van Ness (305-235-1500) recently acquired Demetree Real Estate Services and will be operating as SVN Demetree in Orlando, FL. The new component of the firm will be headed by Mary Demetree and Rory Williams.
EXCLUSIVES AND TENANT REPS Levin Management (201-796-7788) was recently appointed as the exclusive managing agent for Pathmark Plaza Shopping Center, a 90,000 sq.ft. shopping center located along Route 17 in Hackensack, NJ. Tenants include Pathmark, PNC Bank and The Avenue. Renaud Consulting (703-404-2346) is representing FloorMax with its expansion plans throughout Bethesda, Chevy Chase, Potomac and Rockville, MD. The flooring stores prefer to utilize spaces of 2,000 sq.ft. to 3,000 sq.ft. The company is also representing IHOP with its expansion plans throughout Ann Arundel County, Severna Park,
Pasadena, Crofton, Hanover and Annapolis, MD. The casual-dining restaurants occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. Segall Group (410-753-3000) is representing the following retailers with their expansion plans: Tropical Smoothie Café utilizing 1,500 sq.ft. to 1,800 sq.ft. in endcaps and inline spaces of shopping centers or freestanding locations with a drive-thru and Pret A Manger using spaces of 2,000 sq.ft. to 3,000 sq.ft. in urban areas or non-traditional spaces, including airports, hospitals and universities throughout the Baltimore, MD D metropolitan area. M
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Lee & Associates (773-355-3000) recently announced that Rick Scardino will be heading the firm’s national retail division. The company provides brokerage services across 19 states. Avison Young (919-420-1588) recently promoted Braxton Anthony to vice president. The company specializes in investment sales, leasing, advisory, management, financing D and mortgage placement services. M
Real estate auctions narrow windows for marketing opportunities make e-Blasts essential.
SOURCES OF FINANCING Meridian Capital Group recently negotiated a $30.8 million loan for the refinancing of Columbus Garage, a parking garage containing retail and residential components, located along Christopher Columbus Drive in Jersey City, NJ. The loan features a fixedrate of 3.10% and a 30-year amortization period. Headquartered in New York, NY, the company offers financing from $1 million to $500 million for retail, hotel, mixed-use and industrial properties. For more information, contact Jonathan Stern, Meridian Capital Group; 212-9723600; Email: jstern@meridiancapital.com; Web site: www.meridiancapital.com. Cronheim Mortgage recently negotiated $16.6 million in financing for a mixed-use property located along East Pulaski Highway in Elkton, MD. The loan features a 70% loanto-value ratio, a 30-year amortization period, a 10-year term and 85% loan-to-cost financing. For more information, contact Janet Proscia or David Turley, Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; 973-635-6800; Emails: janet.proscia@cronheimmortgage.com and david.turley@cronheimmortgage.com. DM Dealmakers Magazine | www.dealmakers.net
developeRs & BRokeRs Retail real estate for lease and for sale moves fast with quality e-Blast leads.
RetaileRs expedite the site selection process and gain more opportunities.
seRvice pRovideRs decision makers look for key vendors and resources to enhance operations and cash flow.
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For more information, call 1-800-732-5856 or visit www.eblast.net March 27, 2015 | Page 13
SPACE PLACE California
Connecticut
Florida
Winnetka – A 2,500 sq.ft. space is available at a center located at the intersection of Saticoy Street and Winnetka Avenue. Cotenants include Food 4 Less, 7-Eleven, Baskin Robbins, Ace Cash Express, Carl’s Jr. and Church’s Chicken. Area demographics include a population of 483,054 within five miles earning $88,449 as the average household income. For more information, contact Todd Nathanson, Sam Aaron or Matthew Essex, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 Ext. 101/310/117, Fax 818501-2202; Email: todd@illicre.com; Web site: www.illicre.com.
Area demographics include a population of 277,150 within five miles earning $68,672 as the average household income. The average daily traffic count is 15,200 vehicles along Flatbush Avenue. For more information, contact Lee Zekaria or Nicole Johnson, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732-961-8132/8123, Fax 732886-1690; Email: lzekaria@paramountrealty.com; Web site: www.paramountrealty.com.
253-8565 Ext. 115; Email: jtrost@ccim.net; Web site: www.johntrost.com.
Connecticut Hartford – Charter Oak Marketplace, a 259,000 sq.ft. center located at the intersection of Flatbush Avenue and Newfield Avenue, has a pad site with a drive-thru available. Cotenants include Dollar Tree, Rainbow, Famous Footwear, Children’s Place, Payless Shoe Source, Game Stop, AT&T, Sally Beauty Supply and McDonald’s.
Florida Daytona Beach – Midtown Plaza, located at the intersection of International Speedway Boulevard and Nova Road, has pad sites of 1,800 sq.ft., 3,000 sq.ft. and 5,600 sq.ft. available for lease or ground lease, along with a space of 20,128 sq.ft. Cotenants include Burlington, Steak N’ Shake, Aaron’s, Metro PCS and Krispy Kreme Doughnuts. Area demographics include a population of 118,048 within five miles earning $42,782 as the average household income. For more information, contact John Trost, Prudential Commercial Real Estate FL, 386-
OPTIMIZE YOUR
TENANT MIX ANALYSIS • MODELING • STRATEGY • PROSPECTING
Delray Beach – Addison Place, located along Jog Road, has inline spaces of 1,335 sq.ft. and 2,403 sq.ft. available. Cotenants include D’Angelo’s, Henry’s, Starbucks, Way Beyond Bagels, Infinity…, Rinaldi, Wish, Trilo-gy, Wells Fargo and Hair by Scott & Co. Area demographics include a population of 198,519 within five miles earning $88,390 as the average household income. The average daily traffic count is 43,647 vehicles. For more information, contact Roxanne Register or David Eggnatz, Katz & Associates, 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-869-4346/4344; Email: roxanneregister@dkatz.com; Web site: www.katzassociates.com. Orlando – Sand Lake Shoppes, an 18,000 sq.ft. center located along Sand Lake Road, has a space of 4,028 sq.ft. available. Cotenants include Performance Ski & Surf and Cricket Wireless. Area demographics include a population of 165,980 within five miles earning $52,576 as the average household income. The average daily traffic count is 42,000 vehicles. For more information, contact Real Property Specialists, 407-8128000, Fax 407-812-8885; Web site: www.realpropertyspecialists.com. Wellington – Shoppes at Wellington Green, a 130,838 sq.ft. center located along Forest Hill Boulevard, has spaces of 2,835 sq.ft., 5,478 sq.ft., 5,673 sq.ft. and 39,521 sq.ft. available. Cotenants include Barnes & Noble, Pier 1 Imports, Panera Bread, hhgregg, Starbucks and The Vitamin Shoppe. Area demographics include a population of 62,469 within three miles earning $97,297 as the average household income. The average daily traffic count is 44,786 vehicles. For more information, contact Kim Fitzgerald or John Fitzgerald, Crossman & Co., 561-447-8883/8948; Email: kfitzgerald@crossmanco.com; Web site: www.crossmanco.com.
Illinois
1.800.732.5856 • ann@dealmakers.net Page 14 | March 27, 2015
Chicago – Pulaski Promenade, located at the intersection of 42nd Street and Pulaski Road, has spaces available. Cotenants include Michaels, Ross Dress for Less, Marshalls, PetSmart and Shoe Carnival. Area demographics include a population of 842,359 within five miles earning $51,165 as the average household income. Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Illinois
Maryland
New Jersey
For more information, contact Gary Greenfield or Jonathan Hyman, Metro Commercial Real Estate, 56 Skokie Valley Road, Highland Park, IL 60035; 847-412-9898/224-365-8144; Email: ggreenfield@metrocre.com; Web site: www.metrocre.com.
available. Cotenants include Home Goods, PetSmart, Sport & Health, Buffalo Wild Wings, Bank of America, McDonald’s and Noodles & Co. Area demographics include a population of 104,479 within five miles earning $67,565 as the median household income. The average daily traffic count is 30,473 vehicles along Route 26. For more information, contact JBGR Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301-657-0700, Fax 301657-9850; Web site: www.jbgr.com.
Piscataway – A 2.3-acre lot is available at the intersection of Stelton Road and New Durham Road. The site would best be suited for a pharmacy, a convenience store with gasoline facilities, a bank or a fast food restaurant. Area retailers include Restaurant Depot, Friendly’s, Pizza Hut, CVS, Dunkin’ Donuts, PNC Bank, McDonald’s, Chase Bank and Taco Bell. Area demographics include a population of 96,580 within five miles earning $103,534 as the average household income. The average daily traffic count is 28,381 vehicles. For more information, contact Jason Pierson, Pierson Commercial Real Estate, 704 Ginesi Drive, Suite 24, Morganville, NJ 07751; 732-707-6900 Ext. 1; Email: jason@piersonre.com; Web site: www.piersonre.com.
Geneva – Randall & Fargo Plaza, located at the intersection of Randall Road and Fargo Boulevard, has spaces of 1,080 sq.ft. and 2,724 sq.ft. available, which can be combined. Cotenants include Starbucks, Chipotle and The Tile Shop. Area demographics include a population of 111,547 within five miles earning $114,767 as the average household income. The average daily traffic count is 41,000 vehicles along Randall Road. For more information, contact Matthew Smetana or Mike Wesley, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5632/5610, Fax 630-472-1019; Email: msmetana@edgemarkllc.com; Web site: www.edgemarkllc.com.
Missouri
Greenwood – Madison on the Mall, located along Madison Avenue, has spaces of 1,250 sq.ft. and 4,900 sq.ft. available, which can be combined. Cotenants include Youniforms, You Are the Potter and Domino’s. Area demographics include a population of 79,038 within three miles earning $61,186 as the average household income. The average daily traffic count is 25,529 vehicles. For more information, contact Tracey Holtzman, Midland Atlantic, 9000 Keystone Crossing, Suite 850, Indianapolis, IN 46240; 317-580-9900; Email: tholtzman@midlandatlantic.us; Web site: www.midlandatlantic.com.
Crestwood – Crestwood Center, an 80,164 sq.ft. strip center located along Watson Road, has spaces of 1,600 sq.ft., 2,406 sq.ft., 3,864 sq.ft. and 4,360 sq.ft. available. Cotenants include Office Max, Harbor Freight Tools, Advance Auto Parts, Southern Armory, Hair Pros and American Eagle Credit Union. Area demographics include a population of 195,875 within five miles earning $78,702 as the average household income. The average daily traffic count is 27,000 vehicles. Ferguson – Cottonwood Plaza, a 30,100 sq.ft. strip center located at the intersection of West Florissant Avenue and Hudson Road, has spaces available. Cotenants include Dollar General, Sherwin-Williams, Avon and Boost Mobile. Area demographics include a population of 280,450 within five miles earning $45,675 as the average household income. The asking rent is $11 psf. For more information regarding Crestwood Center, contact Tamara Avery, National Real Estate Management, 9986 Manchester Road, St. Louis, MO 63122; 314-878-5545, Fax 314-835-1068; Email: tavery@nremgmt.com; Web site: www.nremgmt.com. For more information regarding Cottonwood Plaza, contact Mike Nugent, Email: mnugent@nremgmt.com.
Maryland
New Jersey
Landover – King Shopping Center, a 91,640 sq.ft. center located at the intersection of Martin Luther King Jr. Highway and Belle Haven Drive, has a space of 4,600 sq.ft. available. Cotenants include Shoppers Food Warehouse & Pharmacy and CVS. For more information, contact Steve Solomon, Solomon Real Estate, Inc., 5750 Bou Avenue, Rockville Pike, MD 20852; 301-230-5801; Email: steve@solomonreal.com.
Hamilton – Independence Plaza, a 252,321 sq.ft. center located along South Broad Street, has spaces from 1,500 sq.ft. to 56,000 sq.ft. available. Cotenants include Dollar Tree, Rainbow, Sally Beauty Supply, Santander, Wendy’s, The Sticky Wicket, America’s Best, Subway and Rita’s Water Ice. Area demographics include a population of 165,686 within five miles earning $71,494 as the average household income. For more information, contact Joe Jemal or Sam Jemal, JJ Operating Real Estate Investments, 212-239-8580; Email: info@jjop.com.
Indiana
North Frederick – Market Square, a mixeduse development located at the intersection of Route 26 and Route 15, has spaces Dealmakers Magazine | www.dealmakers.net
Somerset – Rutgers Plaza, a 266,650 sq.ft. center located at the intersection of Easton Avenue and Kennedy Boulevard, has spaces of 1,500 sq.ft., 2,000 sq.ft., 2,647 sq.ft. and 22,898 sq.ft. available. Cotenants include Stop & Shop, Kmart, Office Depot, Dollar Tree, Dress Barn, GNC, Game Stop, Burger King and Chase Bank. Area demographics include a population of 257,035 within five miles earning $90,350 as the average household income. The average daily traffic count is 39,112 vehicles. For more information, contact Jake Frantzman, Levin Management Corp., PO Box 326, 975 Route 22 West, North Plainfield, NJ 07060; 908-226-5266; Email: jfrantzman@levinmgt.com.
New York Brooklyn – A 1,500 sq.ft. street level retail corner space, and a 1,500 sq.ft. street level retail space, are available along Wythe Avenue at the corner of North 4th Street. Area retailers include Apple, Whole Foods Market, Sandro, Brooklyn Bowl, Blue Bottle Coffee, Gant Rugger and Urban Outfitters. For more information, contact Cory Zelnik or Sean Philipps, Zelnik & Co., LLC, 212223-2200; Email: cory@zelnikco.com. Brooklyn – A 669 sq.ft. street level retail space, and a 326 sq.ft. street level retail space, each with a full basement, are available along Atlantic Avenue, between Waverly Avenue and Washington Avenue. Area retailers include McDonald’s, White Castle, Auto Zone, Beigel’s Bakery, Golden Krust, Sushi Tatsu, LA Burrito and Green Planet. Also – A 1,650 sq.ft. endcap space is (continued on page sixteen)
March 27, 2015 | Page 15
SPACE PLACE New York (continued from page fifteen)
available along Avenue U, between Coleman Street and Hendrickson Street. Area retailers include Macy’s, Sears, H&M and Best Buy. Area demographics include a population of 52,563 within one mile earning $87,208 as the average household income. For more information regarding the Atlantic Avenue property, contact Andrew Clemens or Ben Weiner, Ripco Real Estate, 150 East 58th Street, 15th Floor, New York, NY 10155; 212-750-6565, Fax 212-750-6767; Email: aclemens@ripcony.com; Web site: www.ripcony.com. For more information regarding the Avenue U property, contact Richard Senior or Isaac Shabot; Email: rsenior@ripcony.com. New York – A 3,276 sq.ft. street level retail space, with a 3,074 sq.ft. basement, is available at the intersection of 57th Street and Lexington Avenue. Area retailers include Bloomingdale’s, Victoria’s Secret, Sephora, H&M, The Container Store, Gap and Banana Republic. For more information, contact Corey Zolcinski, Matt Ogle or Patrick
New York
North Carolina
Smith, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-710-5242/5254/5240; Email: corey.zolcinski@srsre.com; Web site: www.srsre.com.
For more information, contact John Bantsolas, JNB Commercial Properties, 910977-2380.
Pelham Manor – Post Road Plaza, a 267,627 sq.ft. center located at the intersection of US Route 1 and Hutchinson River Parkway, has spaces of 3,000 sq.ft., 16,088 sq.ft. and 32,762 sq.ft. available. Cotenants include Dave & Buster’s, Fairway Market, Home Goods, Modell’s, Panera Bread and Sally Beauty Supply. Area demographics include a population of 1.1 million within five miles earning $68,349 as the average household income. For more information, contact Jordan Korris, Levin Management Corp., 908-2265262; Email: jkorris@levinmgt.com; Web site: www.levinmgt.com.
North Carolina Fayetteville – Retail spaces are available at the intersection of Bragg Boulevard and Skibo Road.
Gastonia – Gastonia Mall, located at the intersection of North New Hope Road and Interstate 85, has up to 3,326 sq.ft. of space available, which can be sub-divided into 1,529 sq.ft. and 1,797 sq.ft. spaces. Area retailers include Belk, Dillard’s, JC Penney, Sears, Red Lobster, Auto Bell Car Wash and Captain D’s. Area demographics include a population of 99,598 within five miles earning $53,608 as the average household income. For more information, contact Joey Morganthall, MPV Properties, 521 East Morehead Street, Suite 400, Charlotte, NC 28202; 704-367-5007; Email: jmorganthall@mpvre.com; Web site: www.mpvre.com.
Ohio Boardman – Tiffany Plaza, a 178,000 sq.ft. center located at the intersection of US Route 224/South Avenue and Interstate 680, has spaces of 8,006 sq.ft., 10,080 sq.ft. and
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FreestandingTenants.com gets you access to the real estate decision maker for over 2,000 retailers looking to occupy freestanding, single-tenant and outparcel locations. The directory includes national and regional chains in addition to new concepts with 60+ types of retail uses. Visit FreestandingTenants.com for a demo today! Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Ohio
Rhode Island
Texas
16,826 sq.ft. available, as well as an outparcel. Cotenants include McDonald’s, Chick-Fil-A, Hobby Lobby, Fin Feather Fur, Catherine’s and Alberini’s Restaurant. Warren – Shops at Millennium, a strip center located along Elm Road, has a space of 1,406 sq.ft. available. Cotenants include Super Walmart, Verizon Wireless, Game Stop, America’s Best, Great Clips, GNC, Long John Silver’s, Five Guys Famous Burgers & Fries, Quaker Steak & Lube and Harley Davidson. For more information, contact Bill Kutlick, Kutlick Realty, LLC, 755 Boardman Canfield Road, Unit N3, Boardman, OH 44512; 330965-6500; Email: epalette@kutlickrealtyllc.com; Web site: www.kutlickrealtyllc.com.
Area retailers include Walmart, T.J. Maxx, Stop & Shop, Old Navy, Famous Footwear, Five Below, Game Stop, Subway and Dunkin’ Donuts. Area demographics include a population of 50,723 within five miles earning $67,673 as the median household income. The average daily traffic count is 18,900 vehicles. For more information, contact Rob Blanchflower, National Commercial Brokers, 381 Elliot Street, Suite 185L, Newton Upper Falls, MA 02464; 617-243-0222, Fax 617243-0277; Email: rob@nationalcommercial.com; Web site: www.nationalcommercial.com.
Austin – Galleria Oaks, located along Research Boulevard just south of Anderson Mill Road, has spaces from 1,400 sq.ft. to 20,000 sq.ft. available. Cotenants include The Coffee Bean & Tea Leaf, Subway, Sherwin-Williams, Discount Tire, Taco Cabana, Jackson Hewitt and Enopi. Area demographics include a population of 189,575 within five miles earning $94,304 as the average household income. The asking rent is $12 to $18 psf. For more information, contact
Fairview Park – Fairview Centre, a 147,821 sq.ft. community shopping center located at the intersection of Lorain Road and West 220th Street, has inline spaces from 1,190 sq.ft. to 4,987 sq.ft. available, along with a 10,900 sq.ft. junior anchor space, and a 0.86-acre outparcel. Cotenants include Giant Eagle, Anytime Fitness, CTOWN CrossFit West, Hibachi Steakhouse and Key Bank. Area demographics include a population of 230,166 within five miles earning $67,520 as the average household income. The average daily traffic count is 24,000 vehicles. For more information, contact Lisa Naro, Lamar Cos., 12635 Bayview Drive, Knoxville, TN 37922; 865-809-3323; Email: lisan@lamarco.com; Web site: www.lamarcompanies.com.
Pennsylvania Hanover – South Hanover Shopping Center, a 147,655 sq.ft. community center located along Baltimore Pike, has two spaces of 1,800 sq.ft. available, along with spaces of 1,600 sq.ft., 1,606 sq.ft. and 1,750 sq.ft. Cotenants include Giant, Planet Fitness, Dollar Tree, Rent-A-Center, Sport Clips, Press Start Games, Advance Auto Parts and Little Caesar’s. Area demographics include a population of 56,170 within five miles earning $67,437 as the average household income. For more information, contact Dave Nicholson, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717569-9373 Ext. 607, Fax 717-560-9909; Email: dnicholson@lms-pma.com; Web site: www.lms-pma.com.
Rhode Island Newport – A freestanding former Pizza Hut restaurant is available along Connell Highway. Dealmakers Magazine | www.dealmakers.net
(continued on page eighteen)
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Over 6,000 retail chains are listed in the national edition Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you: • Who’s in charge of the tenant’s real estate for your market, and how to reach them • Where the chain is seeking new store locations, and its existing markets • What the retailer’s space, property type, demographic, co-tenancy and lease requirements are
www.tenantsearch.com | 1.800.732.5856 March 27, 2015 | Page 17
SPACE PLACE Texas (continued from page seventeen)
Andrew Perkel, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin, TX 78731; 512-474-5557; Email: andrew@retailsolutions.us; Web site: www.retailsolutions.us. San Antonio – A 26,595 sq.ft. neighborhood shopping center located along Austin Highway, has spaces of 1,260 sq.ft. and 2,000 sq.ft. available. Cotenants include Mattress Firm, Payless Shoe Source, Sprint, Game Stop, Great Clips, H&R Block and Fred Loya. Area demographics include a population of 90,163 within three miles earning $75,792 as the average household income. For more information, contact Beverly Barshop or Dick McCaleb, RFM Commercial, Inc., 210-826-0036 Ext. 29/23; Email: beverly@rfmcommercial.com.
Virginia Leesburg – Leesburg Commerce Center, located along Fort Evans Road, has a space of 1,816 sq.ft. available. Cotenants include Abbey Carpet & Floor, Kettles Grains and Salon Ten.
Virginia
Virginia
For more information, contact Chris Pamboukian, Tetra Partners, 703-796-1800 Ext. 105; Email: chris@tetrapartners.com; Web site: www.tetrapartners.com.
For more information, contact John Marigliano or Alex Thiell, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571-765-4423/4436; Email: jmarigliano@renaudconsulting.net; Web site: www.renaudconsulting.net.
Norfolk – Super Kmart Center, located at the intersection of North Military Highway and Norview Avenue, has two spaces of 1,200 sq.ft. available, along with spaces of 5,000 sq.ft. and 5,600 sq.ft. available. Cotenants include Smoke Shack and Subway. Area demographics include a population of 103,556 within three miles earning $45,377 as the average household income. For more information, contact Harrison Hall or Peter Vick, NAI Eagle, 2250 Old Brick Road, Suite 240, Richmond, VA 23060; 804-814-5299/9977; Email: harrisonhall@ naieagle.com; Web site: www.naieagle.com. Sterling – A 15,095 sq.ft. center located along Falke Plaza has spaces from 1,178 sq.ft. to 12,139 sq.ft. available. Area retailers include Cracker Barrel and Burger King. Area demographics include a population of 170,880 within five miles earning $133,389 as the average household income.
West Virginia Hurricane – Liberty Square Shopping Center, a 276,237 sq.ft. power center located at the intersection of Interstate 64 and State Route 34, has a space of 2,660 sq.ft. available, along with a space of 36,986 sq.ft., which can be divided. Cotenants include Aldi, Elder Beerman Department Store, Magic Mart, Dollar Tree, Panera Bread, Radio Shack, Advance Auto Parts, GNC, Cato, Anytime Fitness, Bob Evans and Applebee’s. Area demographics include a population of 26,072 within five miles earning $90,980 as the average household income. For more information, contact T.J. Summers, Four-S Development, PO Box 2388, Charleston, WV 25328; 304-3458700; Email: tsummers@summcos.com; D Web site: www.summcos.com. M
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Thirsty for More? Join Us in Orlando April 23rd, 2015
In our second year as the new owners of the Retailer One-on-One event, Retail Live! promises to give you MORE. We’re known for creating easy, fun, fast-paced networking events that offer you more opportunities to connect with retailers than you can make in an entire year. We secure more of the top retailers you want to do business with expanding in more states than ever before. After the show, relax at our cocktail reception with great food and live entertainment–and more chances to mingle and seal the deals you want more of. This year we won’t leave you thirsty for more–the drinks are on us!
With 60 years of development experience , Lone Star Equities, Inc. provides prime properties for all. We are actively looking to expand our tenancy and our existing property portfolio. PROPERTY AVAILABILITIES
IOWA
NORTH CAROLINA
ALABAMA
Thunder Ridge Court Cedar Falls, IA H&R Block, CVS Pharmacy 500-30,000 SF
Parkview Shopping Center Kinston, NC Queen Street Supermarket 1,500-7,000 SF
Former CUNA Insurance Building Waverly, IA Office Space 45,217 SF
Parklane Plaza Rutherfordton, NC Fred’s 5,648-7,552 SF
KENTUCKY
OHIO
Lebanon Trade Center Lebanon, KY Subway, Hibbet Sports 1,300-15,800 SF
Snowville Plaza Shopping Center Parma, OH Dollar General 2,000-12,000 SF
Adamsville Shopping Center Adamsville, AL Super Dollar, Outlot Parcel Avail. 20,593 SF Cherokee Plaza Shopping Center Centre, AL Dollar General, Goody’s, Fred’s, Hibbet Sports 2,000-30,000 SF ARIZONA North Park Plaza Shopping Center Winslow, AZ Subway, Hibbet Sporting Goods, Snap Fitness 5,500-15,000 SF INDIANA One Stop Shopping Center La Porte, IN Family Dollar, Dollar General, 2,600-5,000 SF
LOUISIANNA Sunset Village Shreveport, LA Burger King, Super Market Anchor 5,775-28,500 SF
TENNESSEE Commercial/ Office Space Cookeville, TN 32,700 SF
Eastgate Shopping Center Franklinton, LA Dollar General, Dirt Cheap 225-6,240 SF
Ask About Our Various Opportunities Across The Nation
Contact us today to set up an appointment to meet with our leasing representatives.
Elan Oved | elan@lseint.com Richard Davies | nyo@lseint.com 100 Atlantic Avenue | Lynbrook, NY 11563 | Tel: 516.599.3700 Fax: 516.599.0992 | www.lseint.com