Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XIII
March 29, 2013
FEATURING home-related Chains Expand Nationwide Harbor Freight Tools operates 425 locations nationwide. The home improvement stores, offering power, air and hand tools, household items, building materials, automotive and motorcycle parts, as well as lawn and garden supplies, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations, power, strip and value centers. Plans call for 75 openings throughout upstate NY and north of Westchester County, NY during the coming 18 months, with representation by Vanguard-Fine, LLC. Typical leases run five to 10 years. A vanilla shell is required. Preferred demographics include a population of 150,000 within 10 miles earning $50,000 as the average household income. For more information, contact Kenneth Brownell, Vanguard-Fine, LLC, 1529 Western Avenue, Suite 102, Albany, NY 12203; 518-862-0861, Fax 518-867-3082; Email: kbrownell@vanguardfine.com. Banner Carpet & Drapes, Inc. trades as Banner Carpet & Drapes at two locations in CA. The stores, offering carpet and window treatments, occupy spaces of 2,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. For more information, contact Richard Borsuk, Banner Carpet & Drapes, Inc., 18814 South Crenshaw Boulevard, Torrance, CA 90504; 310327-6924, Fax 310-327-0947.
Pier 1 Imports operates 1,062 locations nationwide and in Canada. The stores, offering home accents and home furnishings, candles, fragrances and seasonal products, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations, endcaps and pad sites of power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with three, five-year options. Preferred cotenants include Barnes & Noble, upscale grocery stores, drug stores, women’s apparel and home improvement retailers. For more information, contact Real Estate Department, Pier 1 Imports, 100 Pier 1 Place, Ft. Worth, TX 76102-2600; 817-252-6000, Fax 817252-7818; Web site: www.pier1.com. La-Z-Boy operates 316 locations nationwide and internationally. The home furnishings stores, offering sofas, recliners, chairs, sectionals and tables, occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout southern NJ and eastern PA during the coming 18 months, with representation by Equity Retail Brokers. For more information, contact Stuart Conston, Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 610-645-7700 Ext. 105; Web site: www.equityretailbrokers.com. (continued on page seven)
This issue contains information on: • Retailers operating 8,827 locations with plans to open 1,236 sites • Real estate valued in excess of $96 million to be bought, sold & financed • Leasing activity on over 3.48 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
post-show icsc monterey idea exchange New Construction Benderson Development Co. set on Sarasota, FL........................... Pg. 3 Buyers & Sellers ARC Property Trust open to buy nationwide................................. Pg. 4 Who’s Opening & Where GNC to open 150 locations........ Pg. 5 The Vitamin Shoppe projects 50 openings..................................... Pg. 5 Food Chains Expand California Tortlla to enter new markets in the Southeast............. Pg. 6 Woody’s Bar-B-Q goes national
Pg. 6
Exclusives Fitness 19 to expand in IL........... Pg. 7 Making the News Capital Real Estate Advisors taps managing director....................... Pg. 8 Sources of Financing Cronheim Mortgage actively lending....................................... Pg. 8 Lease Signings LMS Commercial Real Estate inks two deals with Shoe Carnival in PA.......................................... Pg. 8 Lead Sheet Planet Beauty to enter the greater Washington DC market.............. Pg. 10 Unleashed - by Petco to enter select areas in DE, NJ and PA..... Pg. 11 Ezcorp to enter IL....................... Pg. 12 Space Place................................ Pg. 14