Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. XIII
March 30, 2012
Home-Related Chains Expand Nationwide Ace Hardware Corp. trades as Ace Hardware at 4,600 location nationwide and internationally. The home improvement stores, offering tools, hardware, electrical, plumbing, paint and automotive items, home accents, in addition to outdoor furniture and products, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations and endcaps of neighborhood shopping centers. Growth opportunities are sought throughout AL, AR, FL, GA, southern IL, KS, KY, LA, MO, MS, OK, TN, TX and WV during the coming 18 months. Typical leases run 10 years with options. A land area of 1.3 acres is required for freestanding locations. The company will also consider new construction opportunities. For more information, contact Shawn Robertson, Ace Hardware Corp., 380 Dahlonega Street, Suite 212, Cumming, GA 30040; 770205-2881; Email: srobe1@acehardware.com; Web site: www.myace.com. Fuller & Son Hardware trades as Fuller & Son Hardware & Lumber at five locations throughout Little Rock, AR. The stores, offering power and hand tools, and cabinet, door, restoration and do-it-yourself hardware products, occupy spaces of 10,000 sq.ft. in strip centers. Growth opportunities are sought throughout AR during the coming 18 months. For more information, contact Bobby Fuller, Fuller & Son Hardware, 7311 Baseline Road, Little Rock, AR 72209; 501-604-7575, Fax 501562-2271; Web site: www.fullerandson.com.
Innovative Mattress Solutions trades as Sleep Outfitters, Mattress Warehouse and Mattress Unlimited at 130 locations throughout IN, KY, OH, TN and WV. The stores, offering mattresses and home bedding items, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and power centers. Plans call for 45 openings throughout the existing markets during the coming 18 months, with representation by Equity, Inc. Typical leases run five years. A vanilla shell is required. Preferred demographics include a population of 40,000 within five miles earning $40,000 as the average household income. For more information, contact Kelly Gray or Tracey Herron, Equity, Inc., 9240 B Marketplace, Dayton, OH 45342; 937-291-1179; Web site: www.innovativemattresssolutions.com. Cole’s Hardware, Inc. trades as Cole’s Hardware at 11 locations throughout PA. The stores, offering hardware products, including tools, housewares, electrical, plumbing and paint supplies, as well as lawn and garden and seasonal items, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A land area of two acres is required. For more information, contact Greg Cole, Cole’s Hardware, Inc., 5 Enterprise Drive, Danville, PA 17821; 570-275-5367, Fax 570275-1386; Web site: www.coleshardware.com. (continued on page nine)
This issue contains information on:
* Retailers operating 83,586 locations with plans to open 1,237 sites * Real estate valued in excess of $296 million to be bought, sold & financed * Leasing activity on over 6 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Gulf South Idea Exchange New Construction GBT Realty Corp. is developing a 122,000 sq.ft. mixed-use project in Athens, GA............. Pg. 3 Openings Hot Head Burritos plans to open as many as 25 locations nationwide by year’s end....... Pg. 6 Energy Kitchen, through franchisees, projects opening 21 units this year................... Pg. 6 Food Retailers Expand O&M Restaurant Group plans to open five units in northern LA, OK and northern TX........ Pg. 7 Buyers and Sellers Riser Retail Group is selling a 60,638 sq.ft. center in Jackson, MS at a 10.3% Cap rate........................................ Pg. 8 Exclusives Thurs & Associates is repping GFS Marketplace in southern FL.......................................... Pg. 8 In the News DLC Management appointed Jonathan Wigser as chief investment officer.................. Pg. 9 Lease Signings Big Lots inks deal for 30,000 sq.ft. in Delray Beach, FL....... Pg. 10 Lead Sheet Gordman’s Stores to continue growth in MS and other existing markets..................... Pg. 11 Great Escapes Theatres looks for growth opportunities east of the Rocky Mountains......... Pg. 12 Sources of Financing REG Funding, LLC provides recourse and non-recourse financing............................... Pg. 16 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: icscgulf2012
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New Construction GBT Realty Corp. is developing Madison Corners, a 122,000 sq.ft. mixeduse project located at the intersection of U.S. Highway 72 and Balch Road in Athens, AL. The project will include a 22,000 sq.ft. retail component and a 100,000 sq.ft. medical office component. Cotenants will include Firehouse Subs and Lawler’s Barbecue. For more information, contact GBT Realty Corp, 201 Summit View Drive, Suite 110, Brentwood, TN 37027; 615370-0670, Fax 615-373-3111; Web site: www.gbtrealty.com.
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor.......................................... Stephanie Weaver stephanie@dealmakers.net Customer Service....................... Bridget Thoresen custserv@dealmakers.net Founder..................................................... Ted Kraus 1979–2007
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The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2011 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
Breslin Realty is redeveloping and expanding Artist Lake Plaza, a 389,000 sq.ft. power center project located at the intersection of Currans Road and Middle Country Road in Middle Island, NY. Anchor and shop spaces are available along with pad sites. Area demographics include a population of 221,091 within seven miles earning $74,718 as the average household income. The average daily traffic count is 49,600 vehicles. The company is also preleasing a project situated on 42 acres at the intersection of James Hawkins Road and Montauk Highway in Center Moriches, NY. Spaces of 1,500 sq.ft.; 3,669 sq.ft.; 4,800 sq.ft.; 6,300 sq.ft. and 70,000 sq.ft. are available. Area retail includes a proposed BJ’s Wholesale Club. Area demographics include a population of 91,597 within five miles earning $76,127 as the average household income. The average daily traffic count is 25,000 vehicles. The company is also preleasing a 13,000 sq.ft. project situated on 1.92 acres at the intersection of Long Island Expressway North Service Road and Waverly Avenue in Holtsville, NY. Area demographics include a population of 229,500 within five miles earning $65,989 as the average household income. For more information, contact Robert Delavale, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7100 Ext. 230; Email: rdelavale@breslinrealty.com; Web site: www.breslinrealty.com. National Realty & Development Corp. is redeveloping Market Center, a 400,000 sq.ft. project located at the intersection of Ross Way and Concourse Street in Quincy, MA. Area retail includes iParty, Petco, Shaw’s, Rite Aid, Lowe’s Home Improvement, Walmart, Roche Bros., BJ’s Wholesale Club, Home Depot and Hingham Shipyard, featuring Old Navy, Bed Bath & Beyond, Patriot Cinemas and Eastern Mountain Sports. Area demographics include a population of 262,492 within five miles earning $81,747 as the average household income. The site is next to a commuter train service to Boston. For more information, contact National Realty & Development Corp.; 800-932-7368; Email: nationalrealty@nrdc.com. Casandra Properties, Inc. is developing a mixed-use project located in Brooklyn, NY. The site will include a 40,000 sq.ft. retail component and a 281-unit residential component. For more information, contact James Prendamano, John Pitera or Sonia Chiaruttini, Casandra Properties, Inc., 136 Central Avenue, Staten Island, NY 10301; 718-8167799; Web site: www.casandraproperties.com. www.dealmakers.net
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Michael Salove Co. is preleasing an 18,000 sq.ft. project located along Radnor Chester Road in Radnor, PA. Shop and restaurant spaces are available. Area retail includes Fleming’s, TD Bank, Wells Fargo Bank and St. Davids Square, featuring GameStop, T.J. Maxx, Genuardi’s, Bed Bath & Beyond, HomeGoods and Micro Center. Area draws include Villanova University and Eastern University. Area demographics include a population of 170,428 within five miles earning $129,817 as the average household income. The average daily traffic count is 12,000 vehicles. The company is also preleasing a mixed-use building located along Market Street in Philadelphia, PA. The project will include retail, office and multifamily components. Area demographics include a population of 82,669 within one mile. The project is slated to open during fall 2013. For more information regarding the Radnor property, contact Tim Duffy or Douglas Green, Michael Salove Co., 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215-568-2600 Ext. 16/18, Fax 215568-2666; Emails: tduffy@salove.com and dgreen@salove.com; Web site: www.salove. com. For more information regarding the Philadelphia property, contact Tim Duffy or Michael Salove; 215-568-2600 Ext. 11; Email: msalove@salove.com. New England Development is preleasing Chestnut Hill Square, a 340,000 sq.ft. mixeduse project situated on 11.5 acres along Route 9 in Chestnut Hill, MA. The site will include a 160,000 sq.ft. retail component, along with office and residential components. The site is adjacent to the Mall at Chestnut Hill. Area retail includes Bloomingdale’s, The Capital Grille, The Cheesecake Factory and Legal Sea Foods. Area demographics include a population of 1.141 million within seven miles earning $100,075 as the average household income. The average daily traffic count is 66,515 vehicles. For more information, contact New England Development, One Wells Avenue, Newton, MA 02459; 617-965-8700; Web site: www.nedevelopment.com. Crescent Real Estate Holdings, LLC is developing a 600,000 sq.ft. mixed-use project situated on 3.1 acres adjacent to a Ritz-Carlton at the intersection of McKinney Avenue and Olive Street in Dallas, TX. The project will include a 400,000 sq.ft. office component, a 60,000 sq.ft. retail component and a 50-unit residential component. For more information, contact John Goff, Crescent Real Estate Holdings, LLC, 777 Main Street, Suite 200, Fort Worth, TX 76102; 817321-2100; Web site: www.crescent.com. DM
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March 30, 2012
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u.s. properties group
Profile — A monthly column featuring retailers and retail real estate companies
Making 2012 a banner year
Stephanie Weaver U.S. Properties Group has a mission to create value and realize profit through the “UpCycling” of centers by implementing groundbreaking applications in the acquisition, development, renovation and management of retail properties. “Upcycling” is a term the company employs to recognize their use of green methodology in recycling of building materials and saving the local community money by reducing the need for landfills. These applications add value and bring tenants to properties that meet the needs and desires of the community. According to owner Gordon Wiebe, U.S. Properties Group makes a point of taking every piece of the demolished or re-configured space and not have it end up in a landfill. “I know we’ve gone up to a 98% usage of discarded materials into a recycled product in some cases and our tenant conversions also utilize recycled building materials,” said Wiebe. The company also works together with the local community to ensure that its shopping centers meet the wishes of the residents. U.S. Properties Group has also proven its ability to attract tenants that aren’t already in the trade-area. “The end result is a much better product for the community than originally envisioned and therefore an “upcycling” of the center,” stated Wiebe. U.S. Properties Group brings an extensive list of services to the table that sets it apart from other firms. It currently has a national retail portfolio encompassing four million square feet. The company has kept its focus on the value enhancement of troubled retail projects since the acquisition of a portfolio consisting of 23 shopping centers from Glimcher during 2002. U.S. Properties Group earned a reputation as a nimble firm with its experience of leasing in excess of 2.5 million square feet of retail vacancies. According to Wiebe, the company knowingly acquired a portfolio that had a 50% vacancy rate with the majority of the dark space being due to Walmart relocating to new sites. U.S. Properties Group was able to release the vacancy with higher rental rates and add value to the portfolio. Wiebe explained the company has the financial, management and leasing resources to ensure a timely and worry-free occupancy for its new tenants and has established solid relationships with tenants of power and large community centers throughout the Midwest and Southeast. Although the southeastern region of the U.S. was heavily affected by the recession, U.S. Properties Group was well positioned for the economic downturn. The average amount of debt on its portfolio was less than 50% throughout the entire financial crisis, and today, that debt ratio has dropped to 35%. The company also set about to re-lease space to solid tenants to further ensure the success of its portfolio. Many of the company’s tenants have also done very well in the face of the recession. “We are very scrupulous during the good times to ensure proper credit review of potential tenants,” commented Wiebe. U.S. Properties Group is diligent when leasing to mom-and-pop stores. The company understands that these particular tenants may need more flexibility because they cannot get the credit they were able to attain during pre-recession times. U.S. Properties Group has always worked hard to attract and maintain a tenant mix of smaller chains and discount concepts. Wiebe further explained page 4
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that “Some of our competitors ended up with bankrupt tenants which we avoided through that strict review of tenant credit. Definitely the value retailers have really come into their own during the recession and those tenants who have allowed shoppers to buy brand names at discount prices. These tenants have upgraded their stores and concepts to become mainstream retail. Dollar stores, Goodwill and discounters are respected tenants in any community center retail line up.” The company learned to approach deals differently due to the economic slump. The largest challenges for U.S. Properties Group during the recession were construction issues, however, the company has funded over $40 million for construction projects in the past three years. With this knowledge and experience, U.S. Properties Group revamped its acquisition criteria and no longer acquires empty buildings. “Now, we are able to attain the existing cash flow with value-add proposition buildings,” stated Wiebe, “We’re not going to buy any empty buildings. It’s just not in the cards. We are looking to ensure that we’ve got some credit tenants in the existing buildings that we buy because it makes it much more comfortable for our lenders.” U.S. Properties Group is open to acquire retail sites and shopping center portfolios nationwide. Suitable properties include shopping centers that have vacant anchor or junior anchor space with the potential to be turned-around. The company looks for sites with a population density of 60,000 within a five-mile radius. Ideal acquisitions are shopping centers with a GLA of 75,000 square feet or greater with a vacancy rate of 20% or more. U.S. Properties Group has enjoyed a banner year in 2011 and expects the positive momentum to continue in the year to come. During December, the company acquired Southlake Pavilion from DDR/Creff. The 535,000 square foot shopping center, located along Interstate 75 in Morrow, GA, offers an array of national chains including Sears Express, Staples, LA Fitness, T.G.I.Fridays, David’s Bridal, hhgregg, Old Navy and Ashley’s Furniture. The center also has 100,000 square feet of space available for lease. According to Wiebe, the acquisition was a great success because the company was able to close within 35 days of putting the center under contract to meet the seller’s conditions. U.S. Properties Group also recently completed the redevelopment of Village Plaza, located at the intersection of Bobby Jones Expressway and Interstate 20 in Augusta, GA. The company expects to finalize deals on 300,000 square feet of space in the upcoming 18 months. U.S. Properties Group also anticipates selling $25 million of properties and acquiring $50 million or more of shopping centers within the next year. Looks like U.S. Properties Group is well on its way to making 2012 a banner year as well. For more information regarding acquisitions and dispositions, contact Gordon Wiebe, U.S. Properties Group, 3665 Fishinger Boulevard, Hilliard, OH 43026; 403-923-4343; Email: gwiebe@uspginc.com; Web site: www.uspginc.com.
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Buyers and Sellers Newmark Knight Frank|Cornish & Carey Commercial is selling an Aldi located in Rock Island, IL. The tenant is bound to a 20year NNN lease featuring rent escalations every five years. The asking price is $1.594 million with a Cap rate of 6.35%. Newmark Knight Frank is selling Country Club Hills Plaza, an 11,924 sq.ft. center located in Country Club Hills, IL. The property is 86% occupied and tenants include U.S. Cellular, Sprint and GameStop. Walmart Supercenter shadow-anchors the site. The average daily traffic count is 35,000 vehicles. The asking price is $1.98 million with a Cap rate of 9.25%. For more information regarding the Rock Island property, contact Michael Yuras, Michael Maffia or Putnam Daily, Newmark Knight Frank|Cornish & Carey Commercial, 2207 Bridgepointe Parkway, Suite 120, San Mateo, CA 94404; 916-504-4905 or 415-4455144/5107; Emails: myuras@ccareynkf.com; mmaffia@ccareynkf.com and pdaily@ccareynkf.com; Web site: www.maffiateam.com. For more information regarding the Country Club Hills property, contact Michael Bennett, Andy Galls or Patrick Shields, Newmark Knight Frank, 312-706-1932/1933 or 312-386-3125; Emails: mbennett@newmarkkf.com; agalls@newmmarkkf.com and pshields@newmarkkf.com; Web site: www.newmarkkf.com. SRS Real Estate Partners is selling a 2.61acre pad site at North Dartmouth Commons, located at the intersection of Cross Road and Route 6 in North Dartmouth, MA. Tenants at the center include Target, Dick’s Sporting Goods, Petco and Michaels. Area demographics include a population of 164,687 within seven miles earning $46,825 as the median household income. The average daily traffic count is 21,400 vehicles. The asking price is $1 million. For more information, contact Matt J. Ogle or Patricia A. Smith, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-710-5254/5240; Emails: matt.ogle@srsre.com and patrick.smith@srsre.com; Web site: www.srsre.com. May Realty Advisors is selling a 5,580 sq.ft. building situated on a land area of 5,602 sq.ft. along West Colorado Boulevard in Pasadena, CA. Area retail includes Apple. For more information, contact Matthew May or Gabe Kadosh, May Realty Advisors, 15206 Ventura Boulevard, Suite 302, Sherman Oaks, CA 91402; 818-528-3999; Emails: matthew@mra.la and gabe@mra.la; Web site: www.mayrealtyadvisors.com.
Calkain Cos. is selling a 2,412 sq.ft. Popeyes situated on 0.75 acres along West Atlantic Boulevard in Pompano Beach, FL. The tenant is bound to a 15-year NNN lease featuring three, five-year options and 10% rent escalations every five years. Area retail includes Walmart. The NOI is $180,000. The asking price is $2.322 million with a Cap rate of 7.75%. The company is also selling a 3,744 sq.ft. Synovus Bank located along West Neptune Street in Tampa, FL. The tenant is bound to a 15-year NNN lease commenced during June 2006 featuring five, five-year options and annual rent escalations of 2.5%. The NOI is $303,529. The asking price is $4.02 million with a Cap rate of 7.5%. The company is also selling a 4,576 sq.ft. Citibank situated on 1.11 acres along Providence Road in Brandon, FL. The tenant is bound to a 15-year NNN lease commenced during June 2007 featuring two, five-year options with annual rent escalations of 2%. The NOI is $248,418. The asking price is $3.548 million with a Cap rate of 7%. For more information, contact Scott Black or Patrick Nutt, Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 813-282-6000; Emails: sblack@calkain.com and patrick.nutt@calkain.com; Web site: www.calkain.com. Jones Lang LaSalle is selling a portfolio of 60 banks located throughout 10 states in the midwestern, southwestern and northeastern regions of the U.S. The portfolio also includes three offices and operation centers. The NOI is $7.58 million. The asking price is $112.74 million. The banks are available individually, in smaller groups or as a portfolio. For more information, contact Thomas Beneville, Michael Carpenter, Guy Ponticiello, Alison Girard or Michael Hochandel, Jones Lang Salle; 212-8125740/5972, 312-228-2645/2008 or 614460-4484; Emails: thomas.beneville@am.jll.com, michael.carpenter@am.jll.com, guy.ponticiello@am.jll.com, alison.girard@am.jll.com and michael.hochandel@am.jll.com. Net Properties, on behalf of a client, seeks to acquire single-tenant properties throughout FL. Suitable properties feature tenants bound to NNN leases with more than 10 years remaining on the initial term, and are priced under $5 million with a Cap rate of more than 6%. For more information, contact Carolyn Wheaton, Net Properties, 443614-2135, Fax 603-218-6890; Email: cwheaton@net-properties.com; Web site: www.net-properties.com. www.dealmakers.net
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Cohen Real Estate is selling Firelite Shopping Center, a 50,850 sq.ft. mixeduse center situated on six acres in Orange, CT. Area retail includes Whole Foods Market, Walmart, Sam’s Club, Lowe’s Home Improvement, Home Depot, Staples, Stop & Shop, CVS, AutoZone, Target, Dollar Tree, Best Buy, Walgreens, Christmas Tree Shops and Trader Joe’s. Area demographics include a population of 175,700 within five miles earning $75,290 as the average household income. For more information, contact Helen Putterman or Vera Thomas, Cohen Real Estate, 9 East 40th Street, New York, NY 10016; 212-803-5776/5771; Emails: putterman@cohenco.com and thomas@cohenco.com; Web site: www.cohen-commercial.com/brokerage. EXP Realty Advisors, Inc. is selling a freestanding IHOP at Cabezon Commons, a mixed-use center located along Unser Boulevard in Rio Rancho, NM. The tenant is bound to a 20-year NNN lease featuring 10% rent escalations every five years. Area retail includes Walmart Supercenter, Premiere Cinemas, Walgreens, True Value, Dollar Tree and Goodwill Industries. The average daily traffic count is 26,000 vehicles. The asking price is $3.357 million with a Cap rate of 7.75%. For more information, contact Joe Caputo or Bob Moorhead, EXP Realty Advisors, Inc., 4633 North Central Expressway, Suite 301, Dallas, TX 75205; 214-522-7200; Emails: joe@exp1031.com and bob@exp1031.com. Cursor Realty Corp. is selling a 9.55-acre parcel located along Boggy Creek Road in Orange County, FL. The company is also seeking to acquire single-tenant properties throughout Tampa and Orlando, FL with a focus on 7-Eleven convenience stores. Suitable properties are 100% occupied and feature tenants bound to NNN leases. For more information, contact Willow Shambeck, Cursor Realty Corp., 444 West New England Avenue, Suite 116, Winter Park, FL 32789; 407-453-1858; Email: willow@cursorflorida.com; Web site: www.cursorflorida.com. Greenway Investment Co. is selling an 8,520 sq.ft. Joe’s Crab Shack situated on a land area of 106,560 sq.ft. along West State Highway 114 in Grapevine, TX. The tenant is bound to a lease slated to expire during December 2020 featuring a 10% rent escalation. For more information, contact Thomas J. Glendenning, Greenway Investment Co.; 214-880-9009 Ext. 2.
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Who’s Opening and Where Cabela’s, Inc. (308-254-5505) will open an 88,000 sq.ft. Cabela’s store at a 380,000 sq.ft. center currently under development on 43 acres in Grandville, MI. Construction on the store is slated to begin during the summer with an opening projected for spring of next year. The location will be the company’s second in the state. The company also plans to open an 88,000 sq.ft. store at Old Brownsboro Crossing, a project situated on 100 acres at the intersection of KY Route 22 and Interstate 265 in Louisville, KY. Construction on the store is slated to begin during the summer with an opening projected for spring of next year. The store will be the company’s first in the state. The company operates 34 locations, offering hunting, fishing, camping, hiking, boating and other outdoor-related equipment, apparel and gear, as well as gifts and furnishings, nationwide and in Canada. Target Corp. (612-304-6073) will open an 89,000 sq.ft. CityTarget store in Portland, OR. The store will be the company’s sixth in the CityTarget concept, and will feature a pharmacy and an in-store Starbucks location. The location is slated to open during March of next year. The company also plans to open a 135,000 sq.ft. Target store in Capitola, CA. The store will be the company’s first in the city and its second in Santa Cruz County, CA, and is slated to open during July. The company currently operates more than 1,700 locations nationwide throughout 49 states. American Girl, LLC (608-836-4848) plans to open a 16,000 sq.ft. American Girl store at The Falls, located in South Miami-Dade, FL. The store will be the company’s first in the state and is slated to open during the fall, joining Bloomingdale’s at the center. The company currently operates 12 locations and plans to eventually operate 20 stores, offering dolls and accessories, as well as apparel and books, nationwide. The Container Store, Inc. (972-538-6000) will open a 24,000 sq.ft. The Container Store at The Gallery at Westbury Plaza, located in Westbury, NY, as part of a plan to open five locations nationwide this year. The store will be the company’s fourth in the state and is slated to open during the fall. The company currently operates more than 50 stores nationwide. Trader Joe’s Co. (626-599-3700) will open a 14,000 sq.ft. Trader Joe’s grocery store along 28th Street in Boulder, CO. The store will be the company’s first in the state and is slated to open during 2013. The company currently operates more than 365 locations throughout 31 states nationwide. page 6
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TJX Cos., Inc. (508-390-1000) will open a 24,000 sq.ft. T.J. Maxx store at Crossroads Commons, a 47,000 sq.ft. center located along Commons Circle in Plover, WI. Construction on the store began this month with an opening projected for September. The company also plans to open a Marshalls apparel store in Jacksonville, FL. The store is slated to open during early or mid-2013. The company currently operates more than 2,800 locations nationwide and internationally under the T.J. Maxx, Marshalls, HomeGoods and A.J. Wright trade names. Hobby Lobby Stores, Inc. (405-745-1100) plans to open a 55,000 sq.ft. Hobby Lobby crafts store at a project located along Rib Mountain Drive near Parrot Drive in Rib Mountain, WI. Ulta also plans to open a 10,000 sq.ft. cosmetics store at the site. Both stores are slated to open during October. The company operates 491 stores, offering craft and hobby supplies, nationwide throughout 40 states. Hot Head Burritos (937-395-3611) plans to open as many as 25 locations by year’s end, as part of a plan to operate as many as 500 locations nationwide within the coming three to four years. Recent openings include a location along Dayton Pike in Germantown, OH. Planned future openings include locations in Springfield, Kettering, Springboro and Sidney, OH by year’s end, as well as the company’s entry into AL, FL, MI, NC, TN and TX.. The company currently operates 25 locations in KY, OH and PA, including nine corporate-owned units and 16 franchised locations. Whole Foods Market, Inc. (512-477-4455) plans to open a 37,000 sq.ft. Whole Foods Market grocery store at River Square Shopping Center, located along Detroit Road in Rocky River, OH. The store will be the company’s first in the area and is slated to open during 2014. The company also plans to open as many as 32 locations next year, and currently operates 316 specialty supermarkets throughout 38 states nationwide and in Washington, DC, as well as throughout Canada and the United Kingdom. The Kroger Co. (513-762-4000) plans to open a 99,000 sq.ft. Kroger store with gasoline facilities at Austin Landing, a mixed-use development situated on 142 acres in Miami Township, OH. If approved, the store would feature a drivethru pharmacy and would join Kohl’s at the project. The company currently operates more than 2,400 locations throughout 31 states nationwide.
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7-Eleven, Inc. (972-828-0711) plans to open 20 7-Eleven locations annually in Manhattan, NY through 2017, including an additional 14 stores slated for this year. The stores will range in size from 1,500 sq.ft. to 3,000 sq.ft. Planned openings include locations in the Midtown, Greenwich Village, Chelsea and Upper East Side areas of the city, and the company is also considering sites in the Financial District. The chain of convenience stores currently operates more than 44,300 locations nationwide and internationally, including company-owned, franchised and licensed locations. United Supermarkets (877-848-6483) will open a Market Street supermarket at the intersection of FM 1171 and FM 2499 in Flower Mound, TX. The store will feature specialty and organic foods in addition to traditional groceries, as well as feature a beer and wine department and a prepared foods area offering breakfast, lunch and dinner. The location will be the company’s seventh in the Dallas, TX area and is slated to open during spring 2013. Energy Kitchen, Inc. (888-662-2177), through franchisees, projects opening 21 Energy Kitchen restaurants this year, as part of a plan to open 1,000 franchised Energy Kitchen locations nationwide during the coming 10 years. The company currently operates 13 health food restaurants throughout FL, NJ and NY. PetSmart, Inc. (623-580-6100) plans to open a PetSmart store along Boston Post Road in Orange, CT. The store is slated to open during the fall. The company currently operates more than 1,210 stores nationwide and throughout Canada and Puerto Rico. Pizza Patron, Inc. (972-613-8000) plans to open 50 Pizza Patron restaurants during the coming two years, as part of a plan to eventually open one location weekly by the end of 2014. The company is focusing its growth in AZ; CA; Denver, CO; Miami, FL; Atlanta, GA; Las Vegas, NV and TX. The company currently operates more than 100 locations throughout seven states nationwide. Forever 21, Inc. (213-741-5100) will open a 20,000 sq.ft. Forever 21 apparel store in a former Borders along Pacific Avenue in Santa Cruz, CA. The store is slated to open during August. The company currently operates 495 D locations nationwide. M
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Food Retailers Expand Nationwide Philly Steak & Gyro operates 13 locations throughout MD, NJ and the Philadelphia, PA metropolitan area. The restaurants occupy spaces of 400 sq.ft. to 800 sq.ft. in food courts and of 2,000 sq.ft. to 4,000 sq.ft. in airports, urban/downtown areas and strip centers. Growth opportunities are sought throughout Baltimore, MD; central and southern NJ and the greater Philadelphia, PA metropolitan area during the coming 18 months, with representation by Great American Brokerage. The company prefers to locate in second-generation spaces. Bistro at Cherry Hill operates two locations in NJ and PA. The restaurants occupy spaces of 3,500 sq.ft. in malls and downtown areas. Growth opportunities are sought within 100 miles of Philadelphia, PA during the coming 18 months, with representation by Great American Brokerage. Preferred cotenants include Neiman Marcus, Nordstrom and Macy’s. Sertino’s operates 15 locations nationwide. The restaurants, offering wraps, salads, sandwiches and coffee, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in downtown areas, freestanding locations and endcaps of shopping centers. Plans call for one to two openings in Nassau and Suffolk, NY during the coming 18 months, with representation by Great American Brokerage. Major competitors include Panera Bread. The company does not require sites with venting. Grill Fire operates four locations in MD and Nassau, NY. The restaurants occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in downtown areas, freestanding locations and endcaps and inline spaces of shopping centers. Plans call for two openings in Baltimore, MD; NJ or Manhattan, Nassau or Suffolk, NY during the coming 18 months, with representation by Great American Brokerage. The company will consider conversions or build-to-suits, and requires sites with venting and a liquor license. For more information, contact Paul Fetscher, Great American Brokerage, 100 West Park Avenue, Suite 309, Long Beach, NY 11561; 516-889-7200; Email: gtamerican@aol.com; Web site: www.restaurantexpert.com. Austin Sonic, Inc. trades as Sonic Drive-In at 66 locations throughout TX. The restaurants occupy spaces of 1,320 sq.ft. in freestanding locations. Plans call for two openings within the existing market during the coming 18 months. Preferred cotenants include Walmart and Target. Preferred demographics include a population of 30,000 within three miles earning $30,000 as the average household income. For more information, contact Jerry Conway, Austin Sonic, Inc., PO Box 17788, Austin, TX 78760; 512-462-0393, Fax 512462-3639.
Niko Niko operates 15 locations throughout southern CA. The Japanese restaurants occupy spaces of 1,200 sq.ft. to 2,200 sq.ft. in regional and entertainment centers. Limited growth opportunities are sought throughout the existing market, with a focus on Glendale, during the coming 18 months, with representation by Prince Commercial Real Estate Services, Inc. The company is site-selective. Typical leases run 10 years with two, five-year options. Preferred cotenants include grocery stores, soft goods retailers and entertainment venues. Preferred demographics include a population of 18,000 within one mile earning $65,000 as the average household income. Major competitors include other Japanese restaurants. The company requires sites with a liquor license, and prefers coastal locations but will consider inland sites. Louisiana Fried Chicken operates more than 90 locations throughout AZ, CA, NV and TX. The fried chicken restaurants occupy spaces of 900 sq.ft. to 1,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Los Angeles and Orange counties in CA, east of the 710 Freeway, during the coming 18 months, with representation by Prince Commercial Real Estate Services, Inc. Typical leases run five to 10 years with options. Preferred cotenants include Target, Marshalls and Walmart. The company prefers sites with a drive-thru. For more information, contact George Prince, Prince Commercial Real Estate Services, Inc., 2601 Main Street, Suite 540, Irvine, CA 92614; 949-852-1300 Ext. 23, Fax 949-852-8300; Email: gprince@princecommercial.com; Web sites: www.princecommercial.com and www.louisianafriedchicken.com. Port of Subs operates 150 locations throughout AZ, CA, ID, NV, OR, UT and WA. The sandwich shops occupy spaces of 1,300 sq.ft. to 1,500 sq.ft. in freestanding locations and pad sites of shopping centers. Growth opportunities are sought throughout AZ during the coming 18 months, with representation by NAI Horizon. Preferred cotenants include Walmart, Target and large grocery stores. The company is site-selective, and prefers to locate in areas with strong daytime populations, and high household incomes and traffic counts. For more information, contact Shelby Tworek, NAI Horizon, 2944 North 44th Street, Suite 200, Phoenix, AZ 85018; 602955-4000; Email: stworek@naihorizon.com; Web site: www.portofsubs.com. www.dealmakers.net
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T.G.I. Friday’s operates more than 900 locations nationwide and internationally. The restaurants occupy spaces of 6,000 sq.ft. to 7,000 sq.ft. in freestanding locations, urban areas and endcaps of shopping centers. Limited growth opportunities are sought throughout major metropolitan areas in New England, excluding CT, during the coming 18 months, with representation by Blanchflower Real Estate. A land area of one acre to 1.5 acres is required. For more information, contact Rob Blanchflower, Blanchflower Real Estate, PO Box 396, Leominster, MA 01453; 978-537-7074, Fax 978-537-8103; Email: rob.blanchflower@verizon.net; Web site: www.tgifridays.com. O&M Restaurant Group trades as Burger King at 12 locations throughout OK. The fast food restaurants occupy spaces of 2,500 sq.ft. in freestanding locations. Plans call for five openings throughout northern LA, OK and northern TX during 2012. Typical leases run 20 years. A vanilla shell is required. A land area of 30,000 sq.ft. and a drive-thru are required for freestanding locations. For more information, contact David Ostrowe, O&M Restaurant Group, 1000 West Wilshire Boulevard, Suite 203, Oklahoma City, OK 73116; 405-840-4180, Fax 405842-3004; Email: david@180business.com; Web site: www.180business.com. Sonic Restaurants trades as Sonic Drive-In at more than 3,500 locations nationwide. The restaurants, offering burgers, hot dogs, snacks and side items, as well as breakfast items and ice cream, occupy pad sites situated on a land area of 0.75 acres to 1.25 acres. Growth opportunities are sought throughout Union County, NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc. For more information, contact Wayne Kasbar, Silbert Realty & Management Co., Inc., 85A Division Avenue, PO Box 406, Millington, NJ 07946; 908-604-6900, Fax 908-6042030; Email: wkasbar@silbertrealestate.com; Web site: www.silbertrealestate.com. Chipotle operates more than 1,200 locations nationwide. The restaurants occupy spaces of 2,000 sq.ft. to 2,800 sq.ft. in freestanding locations, urban store fronts and endcaps and pad sites of shopping centers. Growth opportunities are sought in FL north from Interstate 595 during the coming 18 months, with representation by The Rotella Group, Inc. The company prefers sites with patio seating. For more information, contact Bill Pace, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: wrp@rotellagroup.com; Web site: D M www.rotellagroup.com.
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Exclusives and Leasing Assignments
Buyers and Sellers
National Commercial Brokers, Inc. (617-2430222) represents the following retailers with their expansion plans: Staples, throughout CT, RI, VT and west of Route 495 in MA, seeking sites of 18,000 sq.ft. in junior anchor spaces; Panera Bread, throughout central and eastern CT, MA, ME, NH and RI, occupying spaces of 3,500 sq.ft. to 4,500 sq.ft.; Isis, throughout eastern MA, seeking spaces of 6,000 sq.ft. in densely-populated regional markets; T-Mobile, throughout New England, utilizing sites of 1,200 sq.ft. to 1,800 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers; Not Your Average Joe’s, throughout New England, seeking spaces of 6,500 sq.ft. in regional and suburban areas; Supercuts and Cost Cutters, throughout New England, occupying spaces of 1,200 sq.ft. in grocery-anchored shopping centers; Crumbs Bake Shop, throughout the Boston, MA metropolitan area, seeking sites of 1,000 sq.ft. in suburban areas; Carrabba’s Italian Grill, throughout New England, occupying sites of 5,000 sq.ft. to 6,300 sq.ft. in freestanding locations or endcaps of shopping centers, and Rainbow, throughout MA and RI, utilizing spaces of 4,000 sq.ft. to 10,000 sq.ft. in urban areas. Thur & Associates (703-847-0865) represents the following retailers with their expansion plans: Bellacino’s Café, throughout FL; Philadelphia Mike’s, throughout Prince William and Montgomery counties in MD; Arlington, Fairfax and Loudoun counties in VA, and Washington, DC, seeking sites of 1,200 sq.ft. to 1,500 sq.ft.; Cucina 39, throughout northern VA and the Washington, DC metropolitan area, seeking spaces of 2,000 sq.ft. to 3,000 sq.ft.; IHOP, throughout the Washington, DC metropolitan area, utilizing sites of 4,000 sq.ft. to 5,000 sq.ft.; yogen fruz, in select markets throughout FL including Manatee, Hardee, Highland, Okeechobee and St. Lucie counties, occupying spaces of 800 sq.ft. to 1,200 sq.ft.; Arooga’s, throughout MD, occupying spaces of 5,300 sq.ft. to 8,500 sq.ft.; GFS Marketplace, throughout southern FL, seeking sites of 1.5 acres to 2.5 acres, and Jolly’s, throughout Washington, DC and northern VA, utilizing spaces of 3,000 sq.ft. to 5,000 sq.ft. Prudential Douglas Elliman Real Estate (212891-7000) has been named the exclusive leasing agent for spaces along Madison Avenue between 89th Street and 90th Street in New York, NY. The space includes a 1,000 sq.ft. ground-level space and a 400 sq.ft. D lower-level space. M
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CB Richard Ellis negotiated the sale of Coldwater Springs Promenade, located at the intersection of Van Buren Street and Avondale Boulevard in Avondale, AZ. At the time of sale, tenants included Staples and Jack in the Box. Reddy Development acquired the property for $7.75 million from Labrusca Holdings Corp. The company represented the buyer and the seller in the transaction. For more information, contact CB Richard Ellis, 2415 East Camelback Road, Phoenix, AZ 85016; 602-735-1782; Web site: www.cbre.com/phoenix. Clarion Partners, on behalf of a client, arranged the acquisition of a 187,000 sq.ft. center located in Covington, WA. At the time of sale, the property was 98% occupied and anchored by Home Depot, with tenants including Bank of America, Verizon Wireless, The UPS Store and IHOP. The company acquired the property for $31 million. For more information, contact Clarion Partners, 230 Park Avenue, New York, NY 10169; 212-883-2500; Web site: www.clarionpartners.com. Marcus & Millichap Real Estate Investment Services is selling a freestanding WilliamsSonoma located along Northwest 86th Street in Oklahoma City, OK. The tenant is bound to a six-year NN lease. The NOI is $457,240. The asking price is $4.875 million with a Cap rate of 9.38%. For more information, contact Bruce Harris, Marcus & Millichap Real Estate Investment Services, 8750 West Bryn Mawr, Chicago, IL 60631; 773-867-1454, Fax 773-409-3947; Email: cbrowne@marcusmillichap.com; Web site: www.marcusmillichap.com.
Riser Retail Group is selling Northwood Center, a 60,638 sq.ft. center located along North State Street in Jackson, MS. The property is 92% occupied and anchored by Family Dollar and It’s Fashion. The asking price is $3.5 million with a Cap rate of 10.3%. For more information, contact Jason Johnson, Riser Retail Group, 600 East 96th Street, Suite 590, Indianapolis, IN 46240; 317-844-0700, Fax 317-844-0701. Merritt Commercial Realty is selling a freestanding Starbucks with a drive-thru located along Danbury Road in New Milford, CT. Area retail includes Walmart, Home Depot, Kohl’s, HomeGoods, Super Stop & Shop, Big Y, T.J. Maxx, Staples, McDonald’s and Arby’s. The NOI is $84,372. The asking price is $1.395 million with a Cap rate of 6.04%. For more information, contact John Merritt, Merritt Commercial Realty, 37 Dingee Road, South Salem, NY 10590; 914-763-6850, Fax 914-763-6850; Email: john@jcmerritt.com. Flagler Land Advisors is seeking to acquire single-tenant freestanding properties nationwide. Suitable properties feature tenants bound to NNN leases with five years remaining on the initial term, and area demographics including a trade-area population of 50,000. For more information, contact John R. Edwards, Flagler Land Advisors, 8346 7th Place South, West Palm Beach, FL 33411; 561-506-8779; Email: jrjedwards@yahoo.com.
First American Realty Co. is selling a divisible 95-acre parcel located at the intersection of 8 Mile and North Ware Road in McAllen, TX. The asking price is $2.395 million. For more information, contact Charles Marina, First American Realty Co., 3827 North 10th Street, Suite 105, McAllen, TX 78501; 956-682-3000; Email: cmarina@firstmrlty.com.
Cassidy Turley BRE Commercial negotiated the sale of a 14,758 sq.ft. Walgreens located along Mission Gorge Road in Santee, CA. Santee CL, LLC acquired the property from Interra-Vision, LLC c/o Interra Development Partners, LLC for $8.7 million. The company represented the buyer in the transaction. For more information, contact Chris Rink, Cassidy Turley BRE Commercial, 4350 La Jolla Village Drive, Suite 500, San Diego, CA 92122; 858-625-5244, Fax 858-630-6320; Web site: www.brecommercial.com.
Rambo & Ginsberg Realty, LLC is selling Delacruz Shopping Center, situated on 3.36 acres along Lee Boulevard in Lehigh Acres, FL. The property is 100% occupied. Area retail includes Walmart Supercenter. The asking price is $4.1 million with a Cap rate of 9.9%. For more information, contact Clark Rambo, Rambo & Ginsberg Realty, LLC, 8359 Beacon Boulevard, Suite 308, Ft. Myers, FL 33907; 239-565-1116; Email: clarkrambo@yahoo.com.
Sitar Realty seeks to acquire single-tenant properties, and power and strip centers throughout NJ. Suitable properties feature tenants bound to NNN leases, an occupancy rate of at least 80% and priced at $2 million with a Cap rate of 8%. For more information, contact Brian Murphy, Sitar Realty, 1481 Oaktree Road, Iselin, NJ 08830; 732-283-9000, Fax 732283-3103; Email: murphy@sitarrealty.com; Web site: www.sitarrealty.com. DM
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Home-Related Chains Expand Nationwide (continued from page one)
Full-O-Pep Appliances, Inc. trades as American Rental at 50 locations throughout IL, IN, KY, TN and VA. The home furnishings stores, offering furniture, appliances, electronics and lawn and garden products on a rental-basis, occupy spaces of 3,000 sq.ft. to 4,000 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 David P. David, Full-O-Pep Appliances, Inc., 1436 South Liberty Drive, Bloomington, IN 47403; 812-333-7496, Fax 812-331-5527. BLP Mobile Paints Manufacturing Co., Inc. trades as BLP Mobile Paints at 20 locations throughout 12 states in the southern and southwestern regions of U.S., Puerto Rico and the Virgin Islands. The home improvement stores, offering paint and related products, occupy spaces of 4,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Curtis Polk, BLP Mobile Paints Manufacturing Co., Inc., 4775 Hamilton Boulevard, Theodore, AL 36582; 251-443-6110, Fax 251-408-0410; Email: cp@blpmobilepaint.com; Web site: www.blpmobilepaint.com.
Mattress Warehouse operates 150 locations throughout DE, MD, NC, PA, VA, WV and Washington, DC. The stores, offering mattresses, futons, bed frames and related products, occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Prince George’s County in MD; Annandale, Falls Church and Springfield, VA and Washington, DC during the coming 18 months, with representation by Renaud Consulting. For more information, contact Martin Flax or Jerry Taylor, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571-765-4422/4428; Emails: mflax@renaudconsulting.net and jtaylor@renaudconsulting.net; Web site: www.renuadconsulting.net. W.S. Badcock Corp. trades as Badcock Home Furniture & More at 300 locations throughout AL, FL, GA, MS, NC, SC, TN and VA. The stores, offering furniture, bedding, appliances, electronics, home accents and floor coverings, occupy spaces of 14,000 sq.ft. to 20,000 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are sought throughout the existing markets, with a primary focus on NC, SC and VA, during the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell and specific improvements are
required. Preferred cotenants include Dollar Tree, Family Dollar, Food Lion, Save-ALot, Tractor Supply and Walmart Express. Preferred demographics include a population of 10,000 within two miles earning $35,000 to $75,000 as the average household income. Major competitors include Ashley Furniture and Rooms To Go. A land area of two to three acres is required for freestanding locations. For more information, contact Scott McCorkle, W.S. Badcock Corp., PO Box 497, Mulberry, FL 33860; 800223-2625; 863-425-7600; Web site: www.badcock.com. Airbase Carpet & Tile Mart operates 11 locations throughout DE and PA. The stores, offering discounted carpet and area rugs, as well hardwood, tile, vinyl and laminate floor coverings, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Exton and Springfield, PA during the coming 18 months. Major competitors include Home Depot and Lowe’s Home Improvement. A land are of three acres is required. For more information, contact Michael Longwill or Jeff Carter, Airbase Carpet & Tile Mart, 230 North Dupont Highway, New Castle, DE 19720; 302328-1597 Ext. 222, Fax 302-322-9151; Email: mlongwill@carpetmart.com; Web site: www.carpetmart.com. DM
Real Estate Professionals Making the News Cassidy Turley (212-758-0800) hired Bruce N. Weinberg as executive managing director of the company’s New York, NY office. Prior to joining the company, he served at CB Richard Ellis, Inc. and The Ginsberg Organization. The company operates more than 60 offices nationwide, offering tenant representation, project management and corporate, consulting and project and development services. Zifkin Real Estate Group (312-624-7794) hired Pamela Bordner-Riney as director of development/senior vice president. Prior to joining the company, she served as director of business development for Cotter Consulting, and also served at The Zaremba Group and at Urban Retail Properties. The company is a full-service commercial real estate firm based in Chicago, IL offering retail and office tenant and landlord representation and property and asset management services.
SRS Real Estate Partners (214-5603200) hired B. Keith McRee and Ty West as vice presidents. They will focus on increasing the company’s retail business throughout the San Antonio, TX area. Prior to joining the company, both served at NAI REOC San Antonio. The company, headquartered in Dallas, TX, is a national retail real estate firm offering brokerage, corporate, development, investment and managed services. DLC Management Corp. (914-631-3131) hired Jonathan Wigser as chief investment officer. Wigser will be in charge of the company’s acquisition and disposition activities. The company specializes in acquisition, new development, redevelopment, leasing and management, and leases a portfolio of 119 open-air shopping centers totaling 16.7 million sq.ft. throughout 33 states nationwide. www.dealmakers.net
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Gilbert Group, Inc. (614-228-2222) hired Carlton Dargusch IV. Dargusch will specialize in tenant and landlord representation. Prior to joining the company, he served as a retail agent at Cassidy Turley. Sperry Van Ness – Miller Commercial Real Estate (410-543-2440) opened an office in Annapolis, MD. Garry Jakoby serves as managing broker at the new office. The company, an affiliate of Sperry Van Ness International, provides advisory, brokerage, consultation and leasing services. Re/Max Right Choice (508-655-9400) hired Wayne D’Amico as senior managing director of the commercial division, operating out of Trumbull, CT. D’Amico will be responsible for developing and elevating the division regionally, nationally D and internationally. M
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Lease Signings High Street Retail USA (305-868-4595) negotiated a lease with Supercuts for 1,200 sq.ft. at London Square in Miami, FL. The company represented the tenant in the transaction. The company also negotiated a lease with Supercuts for 1,380 sq.ft. at Village Portico Shopping Center, located along Southwest 8th Street in Miami, FL. The company represented the tenant in the transaction. The company also negotiated a lease with Spirit Halloween for 20,352 sq.ft. at Shops at Shelby Crossings in Sebring, FL. The company represented the landlord, Creative Realty Group, in the transaction. The company also negotiated a lease with Spirit Halloween for 17,500 sq.ft. in Gainsville, FL. The company also negotiated a lease with Northern Trust Bank for 869 sq.ft. at Ocean Reef Plaza in Key Largo, FL. The company also negotiated a lease with Just Between Friends for 17,439 sq.ft. along Northwest 13th Street in Gainsville, FL.
The Goldstein Group (201-703-9700) negotiated a lease with HomeGoods for 24,000 sq.ft. at Veterans Square Towne Center, a 144,000 sq.ft. center located in Lyndhurst, NJ. The company represented the landlord in the transaction. The company also negotiated a lease with Harbor Freight Tools for 17,000 sq.ft. at 1016 Main Avenue, a 30,000 sq.ft. strip center located in Clifton, NJ. The company represented the landlord in the transaction. The company also negotiated a lease with PetSmart for 20,000 sq.ft. along Route 17 in Paramus, NJ. The company represented the landlord in the transaction. The company also negotiated leases with Planet Fitness for 16,500 sq.ft. at West Falls Plaza, located along Route 4 in Woodland Park, NJ, and for 19,100 sq.ft. along South Main Street in Toms River, NJ. The company represented the tenant in both transactions, as well as the landlord in the Woodland Park transaction.
Mid-America Real Estate – Michigan, Inc. (248-855-6800) negotiated a lease with Pro Martial Arts for 2,300 sq.ft. at Gateway Village, located at the intersection of Grand River Avenue and Meadowbrook Road in Novi, MI. The company represented the tenant in the transaction. The company also negotiated a lease with The Big Salad for 1,775 sq.ft. at 14/Woodward Plaza, located at the intersection of 14 Mile Road and Woodward Avenue in Royal Oak, MI. The company represented the landlord, Woodward 14 Associates, and the tenant in the transaction.
Neal Realty & Investments, Inc. (954-5680530) negotiated a three-year lease with Safiya’s Shoetique for 900 sq.ft. at Sunrise Shoppes, a 48,058 sq.ft. center located along North University Drive in Sunrise, FL. Cotenants include A-1 Vacuum, Skyline Chilli, Metro PCS and Sunrise Discount Pharmacy. The company also negotiated a five-year lease with Tax Special-T & MultiServices for 1,620 sq.ft. at Walmart Center, a 162,418 sq.ft. center located along West McNab Road in North Lauderdale, FL. Walmart anchors the center and cotenants include Salon 21, Payless ShoeSource, China Wok and Rainbow Shops. The company also negotiated a five-year lease with Baci Galati for 1,300 sq.ft. at Gateway Shoppes, a 23,672 sq.ft. center located at the intersection of Sunrise Boulevard and U.S. Highway 1 in Ft. Lauderdale, FL. Cotenants include Wolf Camera, Pizza Fusion, The UPS Store, Texas BBQ and Edible Arrangements.
Suchman Retail Group (305-667-6461) negotiated a lease with Sears Home Appliance Showrooms for 4,500 sq.ft. at Dadeland North Shopping Center, located at the intersection of Ludlam Road/Southwest 67th Avenue and South Dixie Highway/U.S. Highway 1 in Miami, FL. Cotenants include The UPS Store, RadioShack, Pizza Hut and Canton Chinese Restaurant. Kite Realty Group (317-713-5651) negotiated a lease with Biggby Coffee for 1,501 sq.ft. at Eddy Street Commons at Notre Dame, located at the intersection of Eddy Street and Angela Boulevard in South Bend, IN. The company represented the landlord, KRG Eddy Street Commons, LLC, in the transaction. Prudential Douglas Elliman (212-891-7000) negotiated a lease with Wholesome Foods for 2,000 sq.ft. along Central Park North between Fifth Avenue and Lenox Avenue in New York, NY. The company represented both the landlord and the tenant in the transaction. page 10
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Weiss Realty (201-493-7996) negotiated a lease with Brooklyn Boys Pizza & Deli for 1,350 sq.ft. at Colonial Shopping Center, a 70,000 sq.ft. mixed-use center located at the intersection of Route 27 and Parsonage Road in Edison, NJ. The company represented the landlord in the transaction. Konover South, LLC (954-354-8282) negotiated a lease with Big Lots for 30,000 sq.ft. at Delray Square, located at the intersection of Atlantic Boulevard and Military Trail in Delray Beach, FL. Cotenants include H&R Block and Subway. The company represented the landlord, TSLF Delray, LLC, in the transaction. DM
Lead Sheet 7-Eleven Lew Finkelstein c/o The Goldstein Group 45 Eisenhower Drive Paramus, NJ 07652 201-703-9700 Ext. 22, Fax 201-703-9678 Email: lfinkelstein@thegoldsteingroup.com Web site: www.thegoldsteingroup.com
Convenience The 44,000-unit chain operates locations nationwide and internationally. The convenience stores occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group. A land area of 0.25 acres to one acre is required for freestanding locations.
Essentials Plus and Essentials Stephanie Greco c/o The Greco Realty Group 39 Park Place, Suite 203 Englewood, NJ 07631 201-567-0477, Fax 201-567-7770 Email: stephanie@thegrecorealtygroup.com
Cosmetics The 12-unit chain operates locations throughout NJ and NY. Essentials Plus offers brand name beauty products, hair care and heath items and prefers to occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in malls. Essentials offers brand name beauty products and hair care items and prefers to occupy spaces of 1,200 sq.ft. and 1,500 sq.ft. in store fronts in New York, NY. Limited growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by The Greco Realty Group. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of one million within 10 miles earning $80,000 as the average household income. The company prefers to locate in areas with high foot traffic counts and is site-selective.
Gordman’s Stores Allan Murow c/o Noddle Cos. 2285 South 67th Street, Suite 250 Omaha, NE 68106 402-496-1616, Fax 402-496-6250 Email: amurow@noddlecompanies.com Web site: www.noddlecompanies.com
Department Store The 75-unit chain operates locations throughout AR, CO, IA, ID, IL, IN, KS, KY, MN, MO, MS, ND, NE, OK, SD, TN, UT and WI. The department stores, offering apparel, bedding, kitchen and bathroom items, picture frames and home accents, occupy spaces of 50,000 sq.ft. in malls and power and strip centers. Growth opportunities are sought throughout AR, CO, IA, IL, IN, KS, KY, MI, MN, MO, MS, ND, NE, OH, OK, SD, TN, UT and WI during the coming 18 months, with representation by Noddle Cos.
Big Lot’s Canada, Inc. dba LW – Everybody’s Outlet Store Department of Real Estate 225 Henry Street, Building 1 Brantford, Ontario, Canada N3S 7R4 519-758-8878, Fax 866-756-3940 Web site: www.lwstores.com
Discount The 82-unit chain operates locations throughout Canada. The stores, offering discounted general merchandise, occupy spaces of 25,000 sq.ft. to 35,000 sq.ft. in freestanding locations, malls and mixed-use, outlet, strip and value centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with two, five-year options. Preferred demographics include a population of 50,000 within five miles.
Great Canadian Dollar Store (1993), Ltd. dba Great Canadian Dollar Store Gerry Russ 101-2957 Jutland Road Victoria, British Columbia, Canada V8T 5J9 250-388-0123, Fax 250-388-9763 Email: gruss@dollarstores.com Web site: www.dollarstores.com
Discount The 100-unit chain operates locations throughout Canada. The stores, offering discounted general merchandise priced between $1.00 and $10.00, occupy spaces of 3,500 sq.ft. to 10,000 sq.ft. in malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include drug stores and supermarkets. Preferred demographics include a population of 5,000 within 15 miles. The company is franchising.
Target Todd Cooper c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: tcooper@ripcony.com Web site: www.ripcony.com
Discount The 1,763-unit chain operates locations nationwide. The stores, offering electronics, kitchen, bathroom and bedding items, apparel and sporting goods, as well as featuring a photo processing center, occupy spaces of 120,00 sq.ft. to 200,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sough throughout Fairfield, CT; central and northern NJ and Long Island and New York, NY during the coming 18 months, with representation by Ripco Real Estate.
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Lead Sheet CVS Caremark dba CVS Pharmacy Suzanne Lanois One CVS Drive Woonsocket, RI 02895 401-770-4310, Fax 401-770-2606 Web site: www.cvs.com
Drug Store The 7,300-unit chain operates locations nationwide. The drug stores occupy spaces of 13,000 sq.ft. in freestanding locations. Growth opportunities are sought nationwide, in areas where the company has an existing footprint, during the coming 18 months. Typical leases run 25 years. Preferred demographics include a population of 18,000 within two miles. A land area of two to three acres is required and the company prefers sites with a drive-thru.
Lifecheck Drug Bruce Gingrich 1316 7th Street Rosenberg, TX 77471 281-232-3940, Fax 832-595-1203 Email: bvgingrich@sbcglobal.net
Drug Store The 27-unit chain operates locations throughout TX. The drug stores occupy spaces of 1,800 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
The Bartell Drug Co. dba Bartell Drugs David Graef 4727 Denver Avenue South Seattle, WA 98134 206-763-2626, Fax 206-763-2062 Web site: www.bartelldrugs.com
Drug Store The 58-unit chain operates locations throughout western WA. The drug stores occupy spaces of 15,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 15 years with five, five-year options. A turnkey is required.
Automotive Technologies, Inc. dba Wireless Zone Anthony Giannone 34 Industrial Park Place Middletown, CT 06457 860-930-6604 Email: anthonyg@wirelesszone.com Web site: www.wirelesszone.com
Electronics The 450-unit chain operates locations throughout CT, DE, FL, GA, IA, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, NH, NJ, NY, OH, PA, RI, TX, VA, VT, WI and Washington, DC. The stores, offering wireless cellphones, accessories and related services, occupy spaces of 2,000 sq.ft. in freestanding locations, malls and power and strip centers. Growth opportunities are sought throughout New England and the surrounding boroughs of New York, NY during the coming 18 months. Typical leases run seven years with options. A vanilla shell is required.
Dave & Buster’s, Inc. dba Dave & Buster’s David Pettengill 2481 Manana Drive Dallas, TX 75220 214-904-2579, Fax 214-358-8632 Email: david_pettengill@daveandbusters.com Web site: www.daveandbusters.com
Entertainment The 59-unit chain operates locations throughout AZ, CA, CO, FL, GA, HI, IL, IN, KS, MD, MI, MN, NE, NY, OH, OK, PA, RI, TN, TX, VA and WI, as well as Toronto, Canada. The entertainment facilities occupy spaces of 25,000 sq.ft. or 40,000 sq.ft. in freestanding locations or endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout major metropolitan areas nationwide during the coming 18 months. Preferred demographics include a population of 700,000 within 10 miles. A land area of five acres is required for freestanding locations. Expansion is for corporate stores only.
Great Escape Theatres Anne Ragains c/o Aliance Management 300 Professional Court, Suite 200 New Albany, IN 47150 812-945-4006, Fax 812-945-4076 Email: aragains@alianceent.com Web site: www.greatescapetheatres.com
Entertainment The 26-unit chain operates locations throughout GA, IL, IN, KY, MO, NE, OH, PA, SC, TN and WV. The movie theaters occupy spaces of 40,000 sq.ft. to 80,000 sq.ft. in malls and entertainment, lifestyle and power centers. Growth opportunities are sought east of the Rocky Mountains during the coming 18 months, with representation by Aliance Management. Typical leases run 15 to 20 years with options. Preferred demographics include a population of 150,000 within 10 miles earning $70,000 as the average household income. Major competitors include AMC, Regal and Cinemark.
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Lead Sheet The Movies At Alex Bieri c/o Stokas Bieri Real Estate 660 Woodward Avenue, Suite 1500 Detroit, MI 48226 313-962-2800, Fax 313-962-5070 Web sites: www.themoviesat.com and www. stokasbieri.com
Entertainment The four-unit chain operates locations throughout NY, PA and Washington, DC. The movie theaters occupy spaces of 30,000 sq.ft. to 80,000 sq.ft. in freestanding locations and regional, entertainment and power centers. Plans call for two to three openings nationwide during the coming 18 months, with representation by Stokas Bieri Real Estate. Typical leases run 20 years with options. Preferred demographics include a population of 150,000 earning $50,000 as the average income.
Snap Fitness David Greenman c/o Silbert Realty & Management Co., Inc. 85A Division Avenue / PO Box 406 Millington, NJ 07946 908-604-6900, Fax 908-604-2030 Email: dgreenman@silbertrealestate.com Web site: www.silbertrealestate.com
Fitness The 2,000-unit chain operates locations nationwide and internationally. The fitness centers will consider sites of 2,750 sq.ft. to 3,500 sq.ft., but prefer sites of 3,200 sq.ft. in various retail settings. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Silbert Realty & Management Co. Inc.
Bi-Mart Co. John Harris 220 South Seneca Road Eugene, OR 97402 541-344-0681 Web site: www.bimart.com
General Merchandise The 73-unit chain operates locations throughout ID, OR and WA. The stores, offering general merchandise, occupy spaces of 30,000 sq.ft. in freestanding locations, malls and strip malls. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Budget Shoe Warehouse, Inc. dba Budget Shoe Warehouse Vincent Gill 151 Carlingview Street, Unit 6 Toronto, Ontario, Canada M9W 5S4 416-679-8884 Ext. 26
Shoes The nine-unit chain operates locations throughout southern Ontario, Canada. The shoe stores occupy spaces of 3,000 sq.ft. in malls and power, strip, specialty and value centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Cartridge World Jeff McMullen c/o Richard Bowers & Co. 260 Peachtree Street, Suite 2400 Atlanta, GA 30303 404-816-1600, Fax 404-880-0077 Email: jmcmullen@richardbowers.com Web site: www.richardbowers.com
Specialty The 1,700-unit chain operates locations nationwide and internationally. The stores, offering printer cartridges and related items, occupy spaces of 600 sq.ft. to 1,200 sq.ft. in lifestyle, power and strip centers. Plans call for four to six openings from GA through to eastern TN during the coming 18 months, with representation by Richard Bowers & Co. Typical leases run five years with five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include Kroger, Publix and Target. Preferred demographics include a population of 30,000 within three miles earning $60,000 as the average household income. Major competitors include Office Max, Office Depot and Staples. The company is franchising.
Frame Central John Zunick c/o Wallace Properties 330-112th Avenue Northeast Bellevue, WA 98009 425-455-9976 Email: jzunick@wallaceproperties.com
Specialty The eight-unit chain operates locations throughout OR and WA. The stores, offering a variety of picture frames and related items, occupy spaces of 3,000 sq.ft. to 3,200 sq.ft. in freestanding locations and endcaps of regional and neighborhood strip centers. Growth opportunities are sought throughout WA during the coming 18 months, with representation by Wallace Properties. Typical leases run five years.
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Lead Sheet Mad Bull’s Tavern Ira Spilky c/o Ira Spilky & Associates 1281 Westwood Boulevard, Suite 208 Los Angeles, CA 90024 310-558-3241 Email: ira@iraspilky.com Web site: www.iraspilky.com
Specialty The company operates a location in Sherman Oaks, CA. The sports bar and restaurant prefers to occupy spaces of 3,000 sq.ft. to 6,500 sq.ft. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Ira Spilky & Associates. The company prefers to locate in second-generation spaces.
Orscheln Farm & Home, LLC dba Orscheln Farm & Home Supply Rick Powers 1800 Overcenter Drive Moberly, MO 65270 660-269-3580, Fax 660-269-3590 Email: rpowers@orscheln.com Web site: www.orschelnfarmhome.com
Specialty The 154-unit chain operates locations throughout AR, IA, IL, IN, KS, KY, MO, NE and OK. The stores, offering lawn and garden supplies, outdoor apparel and home and agricultural related products, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 to 15 years. A vanilla shell is required. Preferred cotenants include grocery and discount stores. Major competitors include Tractor Supply Co.
Christy Sports, LLC dba Christy Sport Keith Liefer 875 Parfet Street Lakewood, CO 80215 303-237-6321 Web site: www.christysports.com
Sporting Goods The 41-unit chain operates locations throughout CO and UT. The sporting goods stores occupy spaces of 4,500 sq.ft. to 10,000 sq.ft. in strip centers and resorts. Growth opportunities are sought throughout the existing markets during the coming 18 months.
The Pro Image Jake Riley 233 North 1250 West, Suite 200 Centerville, UT 84014 801-296-9999, Fax 801-296-1319
Sporting Goods The 99-unit chain operates locations nationwide. The sporting goods stores occupy spaces of 1,500 sq.ft. in malls and outlet centers. Growth opportunities are sough throughout the existing market during the coming 18 months. Typical leases run seven to 10 years. Preferred cotenants include Foot Locker and Finish Line.
General Nutrition Centers dba GNC Sharon Knox 300 Sixth Avenue, 7th Floor Pittsburgh, PA 15222 412-288-4600, Fax 412-288-2076 Web site: www.gnc.com
Vitamins The 4,800-unit chain operates locations nationwide and internationally. The stores, offering vitamins, minerals, health foods and supplements, occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in malls, specialty and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years. A vanilla shell is required. Preferred demographics include a population of 35,000 within two miles. The company is franchising.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. page 14
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Commercial Partners of Illinois, LLC provides hard-money and bridge financing for commercial properties. Loans are available in amounts above $500,000 featuring terms of less than five years, interest rates above 8.99% and a maximum loan-to-value ratio of 70%. For more information, contact Michael A. Boraca, Commercial Partners of Illinois, LLC, 8600 Northwest Highway, Suite 120, Crystal Lake, IL 60012; 815-9777478 Ext. 12, Fax 847-258-7959; Email: mike@cpcommerciallending.com; Web site: www.cpcommerciallending.com. REG Funding, LLC provides recourse and non-recourse financing for the acquisition, refinancing, construction or rehabilitation of properties nationwide and throughout Canada. Loans are available in amounts from $500,000 to $100 million featuring interest rates above 4.25%. For more information, contact Rick Gutierrez, REG Funding, LLC, One Riverway, Suite 1700, Houston, TX 77056; 832-4354033; Email: rick@regfunding.com; Web site: www.regfunding.com. Cronheim Mortgage arranged financing for a 72,625 sq.ft. Macy’s Furniture Gallery located along Route 38 West near Route 73 in Maple Shade, NJ. The non-recourse loan featured a 10-year term with a fixed interest rate and a 20-year amortization schedule. For more information, contact Devyani Morris or Andrew Stewart, Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; 973-635-6800; Emails: dev.morris@cronheimmortgage.com and andrew.stewart@cronheimmortgage.com; Web site: www.cronheimmortgage.com. Meridian Capital Group, LLC arranged a $10 million mortgage for a 34,800 sq.ft. freestanding retail building located along Metropolitan Avenue in Richmond Hill, NY. The loan featured a five-year term and a 3.71% interest rate. For more information, contact Jonathan Stern, Meridian Capital Group, LLC, 1 Battery Park Plaza, 26th Floor, New York, NY 10004; 212-612-0181, Fax 212-201-5181; Email: jstern@meridiancapital.com; Web D site: www.meridiancapital.com. M
why wait for the post office? you can read the issues online at www.dealmakers.net. page 16
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Auburn – Shoppes at Cary Creek, a 63,100 sq.ft. strip center situated on 12 acres at the intersection of University Drive and College Street, has spaces available of 1,400 sq.ft.; 2,100 sq.ft. and 54,000 sq.ft. Publix anchors the center and cotenants include Shakes Frozen Custard and Louie’s Chicken. Area demographics include a population of 32,000 within three miles earning $59,000 as the average household income. For details, contact Matt Fuller, Barclay Group, 1123 Overcash Drive, Dunedin, FL 34698; 727-733-7585, Fax 727-733-9510; Email: mfuller@barclaygroupeast.net; Web site: www.barclaygroup.net.
FL 33135; 305-445-7212; Email: investment@delvalle-internaional.com; Web site: www.delvalle-international.com.
Florida Kissimmee –The Osceola Shops, a strip center located at the intersection of West Osceola Parkway and John Young Parkway, has a 1,542 sq.ft. space available. Cotenants include Five Guys Famous Burgers and Fries, Verizon Wireless and Mattress One. Area retail includes Lowe’s Home Improvement, BJ’s Wholesale Club, The Loop and Loop West. Area demographics include a population of 218,436 within five miles earning $61,281 as the average household income. Miami – Kendall Plaza, a 98,000 sq.ft. power strip center located at the intersection of Kendall Drive and 147th Avenue, has spaces available of 1,060 sq.ft.; 1,379 sq.ft. and 8,000 sq.ft. Ross Dress for Less, Presidente Supermarket and Dollar Tree anchor the center. Cotenants include Walgreens, JC Chinese Restaurant, Avenue Fashion and U.S. Postal Service. Area retail includes Target, Kmart, Marshalls, Home Depot, Walmart, Publix and Lowe’s Home Improvement. Area demographics include a population of 370,715 within five miles earning $72,149 as the average household income. For details, contact Sharon Dresser, High Street Retail USA, 3610 Northeast 1st Avenue, Miami, FL 33137; 866-9814442 Ext. 1, Fax 866-981-4442; Email: st@highstreetretailusa.com. Miami – Southgate Plaza, a strip center located at the intersection of 8th Street and 29th Avenue, has two 700 sq.ft. spaces available. Un Limon Restaurant anchors the center. Area demographics include a population of 40,000 within three miles earning $30,000 as the median household income. The asking monthly rent is $1,100. For details, contact Auroa L. Alvarez, Del Valle International, Inc., 2901 Southwest 8th Street, Suite 201, Miami,
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Orlando – The Village at Hunter’s Creek, a mixed-use center located at the intersection of John Young Parkway and State Route 417, has spaces available of 1,300 sq.ft.; 1,400 sq.ft. and 4,205 sq.ft. Mojitos Ultra Lounge and House of Beer anchor the center. Cotenants include Massage Envy, Cold Stone Creamery, Flat Rocks, All Italian Market & Deli, Firehouse Subs, Edward Jones and Press Xpress. Area demographics include a population of 154,062 within five miles earning $53,121 as the median household income. The asking rent ranges from $21 psf to $24 psf. For details, contact Jill Rose, Pelloni Development, 1515 International Parkway, Suite 3001, Heathrow, FL 32746; 407-5857112; Email: jrose@pelloni.com. Sarasota – Palm Plaza Shopping Center, a 116,379 sq.ft. strip center situated on 12 acres at the intersection of Bee Ridge Road and McIntosh Road, has spaces available of 2,879 sq.ft.; 4,690 sq.ft. and 10,549 sq.ft. Save-A-Lot, Dollar General, Rent-A-Center, Payless ShoeSource, Tires Plus, Landmark Bank and Firehouse Subs anchor the center. Area demographics include a population of 176,029 within five miles earning $78,259 as the average household income. The average daily traffic count is 38,500 vehicles. For details, contact Kyle Farley, Rosen Associates Management Corp., 33 South Service Road, Jericho, NY 11753-1006; 516-281-1532, Fax 516-281-1562; Email: kfarley@rosenmgmt.com; Web site: www.rosenmgmt.com.
Georgia Kennesaw – Stilesboro Crossing, a 40,476 sq.ft. specialty center situated on 7.38 acres at the intersection of Stilesboro Road and Kennesaw Due West Road, has spaces available of 1,200 sq.ft.; 1,400 sq.ft. and 3,600 sq.ft. Workout Anytime, Subway, State Farm Insurance, Little Caesar’s, Cuppy’s Coffee and Medalyn Salon & Spa anchor the center. Cotenants include Elite Beach Tanning, Mail & More and Computer Ladybugs. Area demographics include a population of 150,863 within five miles earning $88,264 as the average household income. The average daily traffic count is 19,425 vehicles. The asking rent ranges from $18 psf to $20 psf with CAM of $2.55 psf and taxes of $1.45 psf.
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For details, contact Holli R. Edie, HRE Real Estate Services, Inc., 1635 Old 41 Highway Northwest, Suite 112-200, Kennesaw, GA 30152; 404-246-7509; Email: holli@ hrerealestateservices.com.
Road, Indianapolis, IN 46222; 317924-4130 Ext. 306, Fax 317-924-3741; Email: larry@drtavel.com; Web site: www.drtavel.com.
household income. The average daily traffic count is 28,000 vehicles. For details, contact David Flynn, Flynn Properties, 28 North Main Street, Suite 201, West Hartford, CT 06107; 860-508-4600; Email: acquisitions@flynndevelopment.com; Web site: www.flynndevelopment.com.
Illinois Chicago – A 1,000 sq.ft. space located along North Broadway is available. Area retail includes Walmart, Sprint, CostPlus World Market, T.J. Maxx, Bed Bath & Beyond, Central Savings Bank, CD One, Price Cleaners, Chipotle, Walgreens, Panera Bread, AT&T Mobility, Bank of America, Starbucks, Body Shop, Papyrus, The Vitamin Shoppe, GameStop, Nine West and Sally Beauty Supply. Area demographics include a population of 82,892 within one miles earning $113,126 as the average household income. For details, contact Steve Schwartz or Tim Driver, Baum Realty Group, 1030 West Chicago Avenue, Chicago, IL 60642; 312275-3136/3114; Emails: steve@baumrealty.com and tim@baumrealty.com; Web site: www.baumrealty.com. Lombard – Lombard Pines Shopping Center, a 240,000 sq.ft. strip center situated on 19.5 acres at the intersection of Roosevelt Road/IL Route 38 and Main Street, has spaces available of 1,330 sq.ft.; 18,000 sq.ft. and 52,000 sq.ft. Jewel/Osco, Enchanted Castle and Sam Ash Music anchor the center. Cotenants include Blast Fitness and MB Financial Bank. Area retail includes Yorktown Center, Highpoint Center, Hobby Lobby, Burlington Coat Factory, Harbor Freight Tools, Babies “R” Us, Kmart, Dania Furniture and La-Z-Boy. Area demographics include a population of 239,940 within five miles earning $94,000 as the average household income. The asking rent is $6 psf with CAM of $3 psf. For details, contact Michael Sackar, The Sackar Co., 945 West George Street, Chicago, IL 60657; 773-348-7777, Fax 773348-7774; Email: msackar@sackarinc.com.
Indiana Terre Haute – Dr. Tavel Center, a strip center located at the intersection of 3rd Street and Margaret Road, has spaces available of 700 sq.ft. and 3,360 sq.ft. Starbucks anchors the center. Area demographics include a population of 69,610 within five miles earning $43,737 as the average household income. For details, contact Lawrence Tavel, M.D., Tavel Realty Group, 2839 Lafayette
Louisiana Baton Rouge – A 40,210 sq.ft. outlot located at the intersection of Southfork Avenue and Sherwood Forrest Boulevard is available. Area retail includes Piccadilly’s. Area demographics include a population of 168,974 within five miles earning $65,683 as the average household income. The average daily traffic count is 42,000 vehicles. For details, contact C2C Real Estate Services, 28 Morris Lane, Texarkana, TX; 903-223-8000 Ext. 1031, Fax 903-223-7100; Email: rcannistraci@c2cres.com.
Maryland Hagerstown – Valley Park Commons, a 72,794 sq.ft. strip center situated on 10.23 acres, has a 4,000 sq.ft. space available. Martin’s Grocery, Sam’s Club and Lowe’s Home Improvement shadow-anchor the center. The asking price is $15 psf. For details, contact Ryan A. Myers, ROCK Commercial Real Estate, 221 West Philadelphia Street, Suite 19, York, PA 17401; 717-854-5357, Fax 717-854-5367; Email: rmyers@rockrealestate.net; Web site: www.rockrealestate.net. White Plains – A 16,280 sq.ft. building located along Crain Highway/Route 301 is available. Area retail includes Capital Lighting, Flooring America and Reico Kitchen Cabinets. Area demographics include a population of 108,373 within seven miles earning $91,591 as the average household income. The average daily traffic count is 44,000 vehicles. For details, contact Leonard Pick, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571-7654424; Email: lpick@renaudconsulting.net; Web site: www. renaudconsulting.net.
Massachusetts Agawam – Southgate Shopping Center, a 140,000 sq.ft. power center located at the intersection of Suffield Street and Silver Street, has spaces available from 1,500 sq.ft. to 40,000 sq.ft. Geisslers Supermarket, Dollar Tree, McDonald’s and Hampden Bank anchor the center. Area demographics include a population of 155,000 within five miles earning $37,000 as the average www.dealmakers.net
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Pittsfield – Pittsfield Plaza, a 110,000 sq.ft. strip center located along West Housatonic Street, has space available. Area retail includes McDonald’s. Area demographics include a population of 48,938 within five miles earning $58,089 as the average household income. The average daily traffic count is 16,700 vehicles. The asking rent is $14 psf NNN. For details, contact Julie Tidd, Pyramid Brokerage, 40 British American Boulevard, Suite 2A, Latham, NY 12110; 518489-9199, Fax 518-489-3492; Email: jtidd@pyramidbrokeragec.com; Web site: www.pyramidbrokerage.com.
Missouri Kirkwood – Greentree Center, a 48,819 sq.ft. strip center located at the intersection of Manchester Street and Woodlawn Street, has spaces available of 1,070 sq.ft. and 1,166 sq.ft. St. Louis Bread Co., Oberweis Dairy and 24 Hour Fitness anchor the center. Cotenants include Hairtopia, Paper Warehouse, Great Clips, Eleven Mile House and Dance Center of Kirkwood. Area demographics include a population of 231,938 within five miles earning $107,824 as the average household income. The average daily traffic count is 30,000 vehicles. The asking rent is $13 psf with CAM of $1.96 psf and taxes of $2.89 psf. Also, Pioneer Place II, a mixed-use center, has spaces available of 1,480 sq.ft. and 3,731 sq.ft. U.S. Postal Service, Starbucks and Crown Optical anchor the center. Area demographics include a population of 195,616 within five miles earning $100,855 as the average household income. The asking rent is $18 psf with CAM of $2.43 psf and taxes of $4.21 psf. Webster Groves – Shoppes at Old Webster, a specialty center located at the intersection of Allen Avenue and Lockwood, has spaces available of 1,239 sq.ft. and 1,504 sq.ft. St. Louis Bread Co., Gymboree and Gateway Cleaners anchor the center. Area demographics include a population of 281,677 within five miles earning $86,946 as the average household income. The asking rent is $18 psf with CAM of $1.54 psf and taxes of $3.14 psf. For details, contact Jenniefer Heilweck,
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Novus Cos., 20 Allen Avenue, Suite 400, St. Louis, MO 63119; 314-968-0842, Fax 314963-0241; Email: jheilweck@novusdev.com; Web site: www.novusdev.com.
Nebraska Omaha – Georgetown Place, a 16,719 sq.ft. strip center situated on 1.54 acres at the intersection of South 144th Street and West Center Road, has spaces available of 1,619 sq.ft. and 2,000 sq.ft. Cotenants include Stereo
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West. Area retail includes Oakview Mall. Area demographics include a population of 304,915 within five miles earning $249,429 as the average household income. The asking rent is $14 psf NNN. Also, Boardwalk Square Shopping Center, a 75,890 sq.ft. strip center located at the intersection of South 120th Street and Pacific Street, has spaces available of 743 sq.ft.; 845 sq.ft.; 960 sq.ft. and 1,100 sq.ft. Area demographics include a population of 304,915 within five miles earning $78,796 as the average household income. The average daily traffic count is
54,414 vehicles. The asking rent ranges from $9 psf to $10 psf. For details regarding Georgetown Place, contact Nancy Klauschie, World Group Commercial Real Estate, 780 North 114th Street, Omaha, NE 68154; 402-697-8899, Fax 402-697-8585; Email: nklauschie@worldgroupllc.com; Web site: www.worldgroupllc.com. For details regarding Boardwalk Square Shopping Center, contact Daniel Goaley; Email: dgoaley@worldgroupllc.com.
New Jersey Brick – The Shops at Brick, a 97,229 sq.ft. center located at the intersection of Route 70 and Van Zile Road, has spaces available from 1,500 sq.ft. to 4,000 sq.ft. Cotenants include Aldi, Big Lots, Bonefish Grill, Andy’s Wide Width Shoes, Steppin Up Dance, Diamond Nails, P.J. Pizza/Angelica’s Kitchen, Bow-Kay Florist, Hair Express and McDonald’s. Area demographics include a population of 451,916 within 10 miles earning $78,489 as the average household income. For details, contact Adam Peters, Polimeni Realty, Inc., 600 Old Country Road, Suite 425, Garden City, NY 11530; 516-393-9000 Ext. 107, Fax 516-393-9770/9771; Web site: www.polimeni.com. Carlstadt – A 3,000 sq.ft. freestanding bank with a drive-thru located at the intersection of Veterans Boulevard and Washington Avenue is available. Area draws include Metlife Stadium and Meadowlands Racetrack. Area demographics include a population of 106,000 within three miles. Cresskill – An 8,042 sq.ft. freestanding building situated on 0.88 acres along Piermont Road is available. For details, contact Jaime Weiss, Weiss Realty, 250 Moonachie Road, Moonachie, NJ 07074; 201-814-1800; Email: jweiss@jweissrealty.com; Web site: www.jweissrealty.com.
New York Brooklyn – A building located at the intersection of Fulton Street and Bond Street has a 37,500 sq.ft. ground-floor space available. Area retail includes Macy’s, Modell’s, GameStop, Rainbow, H&M and Aeropostale. Area demographics include a population of 133,563 within one mile earning $92,000 as the average household income. (continued on page twenty) page 18
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Over 6,000
retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? TenantSearch includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches online can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any Web browser online, access up-todate information, print letters and save searches. Get the details on over 6,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise; Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
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For details, contact Brittany Bragg or Isaac Chera, Crown Retail Services; 212-2920216/0218; Emails: bbragg@cacq.com and ichera@cacq.com. Brooklyn – A building located at the intersection of Adams Street and Willoughby Street has spaces available of 1,537 sq.ft.; 8,081 sq.ft.; 8,536 sq.ft. and 11,694 sq.ft. Area retail includes Panera Bread, Morton’s the Steakhouse, Shake Shack, FedEx Office, Chase Bank, Dunkin’ Donuts, The Vitamin Shoppe, T-Mobile, McDonald’s and Barnes & Noble. For details, contact Ariel Schuster or Brian Segall, Robert K. Futterman & Associates, 521 Fifth Avenue, Floor 7, New York, NY 10175; 212-331-0132 or 212351-9346; Emails: aschuster@rkf.com and bsegall@rkf.com; Web site: www.rkf.com. Henrietta – A 0.75-acre parcel located at the intersection of Jefferson Road/Route 252 and Interstate 390 is available. Area retail includes Tops, Verizon Wireless, Subway,
New York
New York
Starbucks, Guitar Center, Burger King, Five Guys Famous Burgers and Fries, Moe’s Southwest Grill, Big Lots, Cricket, Hallmark and Staples. Area demographics include a population of 173,389 within five miles earning $69,646 as the average household income. For details, contact Michael Palumbo, Flaum Management Co., Inc., 400 Andrews Street, Suite 500, Rochester, NY 14604; 585-546-4866, Fax 585-325-6058; Email: mpalumbo@flaummgt.com; Web site: www.flaummgt.com.
Staten Island – A center located along Hylan Boulevard has a 2,500 sq.ft. space available. The asking rent is $40 psf NNN. Also, a building located along Forest Avenue has a divisible 3,000 sq.ft. space available. The asking rent is $26 psf NNN. For details regarding the Hylan Boulevard property, contact James Prendamano, John Pitera or Sonia Chiaruttini, Casandra Properties, Inc., 136 Central Avenue, Staten Island, NY 10301; 718-816-7799; Web site: www.casandraproperties.com. For details regarding the Forest Avenue property, contact James Prendamano or John Pitera.
Holtsville– Waverly Plaza, a 10,819 sq.ft. neighborhood strip center located along Waverly Avenue, has spaces available of 900 sq.ft. and 1,800 sq.ft. Area demographics include a population of 264,275 within five miles earning $101,348 as the average household income. For details, contact Charles Hirsch, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516869-1240, Fax 516-869-8576; Email: chirsch@milbrookproperties.com; Web site: www.milbrookproperties.com.
North Carolina Lumberton – A divisible 1.72-acre parcel located at the intersection of Roberts Avenue and Highway 72 is available. Area demographics include a population of 50,000 within 10 miles earning $75,000 as the average household income. Area retail includes Dollar General and Burger King. For details, contact Steve Anderson, Realty King, LLC, 1300 Linkhaw Road, Lumberton, NC 28359; 910-739-8394; Email: blazzin28359@aol.com. Robbins – Robbins Towne Center, a 45,577 sq.ft. strip center situated on 8.52 acres along NC State Highway 705, has spaces available of 1,200 sq.ft. and 3,000 sq.ft. Lowe’s Foods anchors the center and cotenants include Dollar General. The asking rent ranges from $6 psf to $9 psf with CAM of $1.75 psf and taxes of $0.75 psf. For details, contact Troy Gordon, Mark Properties, 212 West Main Street, Suite 300, Durham, NC 27701; 919-6888006 Ext. 29, Fax 919-688-7055; Email: tgordon@markproperties.com; Web site: www.markproperties.com.
Ohio Brunswick – Brunswick Market Center, a 168,000 sq.ft. strip center located at the intersection of Center Road/Route 303 and Edgebrook Drive, has spaces available of 1,600 sq.ft.; 3,000 sq.ft. and 6,500 sq.ft. Buehlers Grocery and Winking Lizard Restaurant anchor the center. Cotenants include Sherwin-Williams, Hallmark, Best Cuts, Edible Arrangements and The UPS Store. Area retail includes Home Depot, Giant Eagle, Kmart, Marcs, Steak ‘N Shake, Taco Bell, McDonald’s, Wendy’s, Burger King and Sonic Drive-In. Area draws include Tri-C College. Area demographics include a population of 272,608 within 10 miles page 20
March 30, 2012
The
Dealmakers
www.dealmakers.net
Space Place
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Ohio
Oklahoma
Pennsylvania
earning $79,933 as the average household income. The average daily traffic count is 30,000 vehicles. For details, contact Steve Eisenberg, Arnold J. Eisenberg, Inc., 24500 Chagrin Boulevard, Beachwood, OH 44122; 216831-6773, Fax 216-831-3869; Email: properties@arnoldjeisenberg.com; Web site: www.arnoldjeisenberg.com.
include Subway, Check ‘N Go and Edward Jones. Area retail includes Walmart Supercenter, Aldi, Chili’s, Taco Bueno, Mazzio’s Pizza, Hibbett Sports, U.S. Cellular and GameStop. Area demographics include a population of 30,081 within five miles earning $61,733 as the average household income. The average daily traffic count is 21,900 vehicles. The asking rent is $9.50 psf with CAM of $0.65 psf and taxes of $0.30 psf. For details, contact James A. Smith, Capshaw Agency, Leasing and Property Management, 3216 North 14th Street, Ponca City, OK 74601; 580-765-6627, Fax 580765-9597; Email: jamesasmith@realtor.com.
For details, contact J. Nicholas Slottje, Charlesbank Realty Trust, 109 Charlesbank Road, Newton, MA 02458; 617-795-0072; Email: nickslottje@yahoo.com; Web site: www.charlesbankrealtytrust.com.
Chargrin Falls – Step North, a 60,000 sq.ft. mixed-use center located at the intersection of North Main Street and East Orange Street, has spaces available of 1,000 sq.ft. and 12,000 sq.ft. Solon – Shoppes of Solon, a 100,000 sq.ft. mixed-use center located at the intersection of Miles Road and Brainard Road, has spaces available of 1,000 sq.ft. and 45,000 sq.ft. along with a 15,000 sq.ft. outlot. Miles Market anchors the center. Streetsboro – Streetsboro Plaza, a 152,000 sq.ft. strip center located at the intersection of State Route 14 and State Route 303, has spaces available of 1,103 sq.ft.; 7,000 sq.ft. and 48,000 sq.ft. Save-A-Lot anchors the center. Area retail includes Walmart, Home Depot, Target, Lowe’s Home Improvement and Giant Eagle. Woodmere – A 200,000 sq.ft. mixed-use center located at the intersection of Chagrin Boulevard and Brainard Road has spaces available of 1,500 sq.ft.; 2,300 sq.ft. and 3,900 sq.ft. Area retail includes Whole Foods Market. For details, contact Tim Todaro, AZ Management; 440-487-5597; Email: toarotim@gmail.com. West Chester – Highlands Market Square, a 190,000 sq.ft. power center situated on 30 acres at the intersection of Cincinnati-Dayton Road and Interstate 75, has space available along with outlots. Walmart Supercenter anchors the center. Area demographics include a population of 495,055 within 10 miles earning $70,062 as the median household income. The average daily traffic count is 30,000 vehicles. For details, contact Marianne Holewski, Anchor Associates, 3805 Edwards Road, Suite 410, Cincinnati, OH 45209; 513784-1106, Fax 513-784-7814; Email: mholewski@anchor-associates.com; Web site: www.anchor-associates.com.
Oklahoma Ponca City – Northpark, a strip center located at the intersection of North 5th Street and East Prospect Avenue, has spaces available of 1,520 sq.ft. and 2,799 sq.ft. Carmike Cinema 4 anchors the center and cotenants
Pennsylvania
Irwin – Norwin Hills, a 244,364 sq.ft. strip center situated on 25.11 acres at the intersection of Norwin Avenue and U.S. Route 30, has spaces available from 990 sq.ft. to 13,070 sq.ft. Aldi, Galaxy Fitness, Rite Aid, Goodwill Industries, Children’s Institute and Aaron’s anchor the center. Cotenants include Cristo Bello Spa, Hallmark, PNC Bank, GNC, Mama Pepino’s Pizza, Dollar or Less, H&R Block, China House, Sherwin-Williams and Subway. Area demographics include a population of 74,184 within five miles earning $62,309 as the average household income. The average daily traffic count is 25,000 vehicles. Palmer Township – Palmer Super Center, a 100,637 sq.ft. strip center situated on 7.82 acres at the intersection of William Penn Highway/ State Route 2020 and Stone’s Crossing Road/ State Route 2013, has spaces available of
Hallstead – Mountain View Plaza, a 46,550 sq.ft. strip center, has spaces available of 1,400 sq.ft. and 2,700 sq.ft. Rob’s Market, Shur Save and Family Dollar anchor the center. Cotenants include Subway and Tedeschi’s Pizza and Pasta. The asking rent is $13.50 psf with CAM of $0.75 psf and (continued on page twenty-one) taxes of $1 psf. For all inquiries, please contact: Grocery Outlet Inc. 2000 Fifth Street Berkeley, CA 94710 510-845-1999 Email preferred: Bill Coyle Marc Drasin mdrasin@cfgo.com bcoyle@cfgo.com A Grocery Outlet store requires approximately 17,000 square feet of space and our experience is that other value-oriented retailers make desirable co-tenants. In Pennsylvania, we operate as “Amelia’s Grocery Outlet”. With over half a century of success and over $1 Billion in annual sales, Grocery Outlet is a prime candidate for the right retail environment. We have more than 170 stores in our operating areas. www.groceryoutlet.com
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We are signing leases in California, Oregon, Pennsylvania and Washington.
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March 30, 2012
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880 sq.ft. and 4,896 sq.ft. Redner’s Market, Century Buffet and Bank of America anchor the center. Cotenants include Rick’s Shoe Repair, Ace Cleaners and Marinelli’s Pizza. Area demographics include a population of 130,453 within five miles earning $70,665 as the average household income. The average daily traffic count is 12,400 vehicles. For details, contact Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 412-613-3353; Email: scooper@lamarco.com; Web site: www.lamarco.com.
Virginia Charlottesville – Rio Hill Shopping Center, located at the intersection of Route 29/ Seminole Trail and Woodbrook Drive, has a 12,000 sq.ft. anchor space available. Kroger and Dick’s Sporting Goods anchor the center. Cotenants include Subway, Hair Cuttery, Jo-Ann Fabrics, Crutchfield, Rack Room Shoes, Honey Baked Ham, Payless ShoeSource, T.J. Maxx, Sun Tan City, Sally Beauty Supply, Rent-A-Center, Tropical
Virginia
Virginia
Smoothie Café and Dollar Tree. Area retail includes Pizza Hut, Staples, Whole Foods Market, Tuesday Morning and Charlottesville Fashion Square, featuring Belk, JCPenney, Red Lobster, Sears, Red Robin, Chick-fil-A and Foot Locker. Woodbridge – Prince William Square Shopping Center, located along Smoketown Road, has spaces available from 1,600 sq.ft. to 7,100 sq.ft. Cotenants include Jo-Ann Fabrics, Rainbow, Ashley Furniture, Harbor Freight Tools, Subway, Sprint and Dairy Queen. Area retail includes Party City, Kohl’s, Walmart, Sam’s Club, IKEA, Toys “R” Us and Potomac Mills Mall, featuring Burlington Coat Factory, AMC Theatres, Old Navy, Starbucks, Marshalls, Costco and T.J. Maxx. Area demographics include a population of 205,759 within five miles earning $93,040 as the average household income. For details regarding the Charlottesville property, contact Billy Orlove or Maury DeFreitas, Rosenthal Realty; 703-893-5141; Email: leasing@rosenthalproperties.com; Web site: www.rosenthalproperties.com. For details regarding the Woodbridge property, contact Billy Orlove, Nora Foley or Jane Le.
Fredericksburg – Chancellor Commons, located along Plank Road, has a 3,200 sq.ft. space available. The asking rent is $20 psf. Stafford – North Stafford Plaza, located along Garrisonville Road, has spaces available from 800 sq.ft. to 4,102 sq.ft. along with a 3,335 sq.ft. mezzanine space. Cotenants include Aldi, Dollar General and Burger King. Area demographics include a population of 132,142 within 10 miles earning $102,963 as the average household income. The average daily traffic count is more than 55,000 vehicles. The asking rent ranges from $18 psf to $25 psf NNN. For details regarding the Fredericksburg property, contact Virgil Nelson, Cushman & Wakefield|Thalhimer, Millrace North, 725 Jackson Street, Suite 101, Fredericksburg, VA 22401; 540-373-0600 Ext. 230; Email: virgil.nelson@thalhimer.com; Web site: www.thalhimer.com. For details regarding the Stafford property, contact Berkley Mitchell or Loretta L. Cataldi; 540-3730600 Ext. 223 or 804-697-3431 Ext. 1431; Emails: berkley.mitchell@thalhimer.com and boretta.cataldi@thalhimer.com. DM
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Leasing | ManageMent Re-DeveLopMent p.o. box 681955 | pRattviLLe, aL 36068 phone: 1-866-283-5516 | fax: 334-491-6210 albany, ga | albany Crossroads
Clarksdale, Ms | Clarksdale Commons
New Orleans Louisiana C A R R O L LT O N P L A Z A S H O P P I N G C E N T E R
NEW 20-ACRE DEVELOPMENT NOW LEASING 3,000; 3,362 SF Available STORELITZ STREET
3,362 SF
NAILS VOGUE FASHION
PALM STREET
3,000 SF
USAgencies
DUBLIN STREET
South Carrollton Avenue & Palmetto Street, New Orleans, Louisiana • Key location at I-10 and South Carrollton Avenue – New Orleans’ busiest intersection • Direct access from Uptown, Mid City, Old Metairie, Lakefront, the Garden District and I-10 in all directions
SOUTH CARROLLTON AVENUE
• Join CVS, Firestone, Family Dollar, Subway, and RadioShack
EAST LAKE SHOPPING CENTER REDEVELOPMENT Read Boulevard & North I-10 Service Road, New Orleans, Louisiana
• Adjacent to the new Lowe’s Home Improvement
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Owner/Manager Seven Penn Plaza, NY 10001 | feilorg.com Glen Wilson | gwilson@feilorg.com | 504 835 8000
Nothing Beats 50 Years of Stability.
D
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• Located on North I-10 Service Road between Crowder Road at Read Boulevard across from Lake Forest Shopping Center
BLVD
• 20 acres available for ground lease, build to suit or sale