Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XIII
April 1, 2011
Home-Related Chains Expand Nationwide Mor Furniture for Less, Inc. trades as Mor Furniture for Less at 20 locations throughout AZ, CA, ID, NM, NV, OR and WA. The home furnishings stores occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations and power and value centers. Growth opportunities are sought throughout CA, OR and WA during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include Home Depot, Ross Dress for Less, Target and Walmart. Preferred demographics include a population of 400,000 within 25 miles earning $50,000 as the average household income. For more information, contact Rick Haux Sr., Mor Furniture for Less, Inc., 8996 Miramar Road, Suite 310, San Diego, CA 92126; 858547-1616 Ext. 301, Fax 858-547-1613; Web site: www.morfuniture.com. Builders Discount Centers, Inc. trades as Builders Discount Center at 11 locations throughout NC and VA. The stores, offering building materials, occupy spaces of 60,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC, SC and VA during the coming 18 months. The company prefers to acquire sites but will consider leasing spaces. For more information, contact Glenn Perry, Builders Discount Centers, Inc., 1261 South Wesleyan Boulevard, Rocky Mount, NC 278034505; 252-442-2674, Fax 252-442-8059; Email: bdcgp@suddenlinkmail.com; Web site: www.buildersdiscount.net.
Royal Crown Leasing, Inc. trades as RentAmerica at 15 locations throughout NC and SC. The stores, offering rent-to-own furniture, electronics, appliances and computers, occupy spaces of 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run three to five years. Preferred cotenants include Food Lion, Cato Fashions and Shoe Show. Preferred demographics include a population of 75,000 within 25 miles earning $40,000 to $80,000 as the average household income. Major competitors include Aaron’s and Rent-A-Center. The company is also planning to relocate existing stores during the coming 18 months and prefers sites with a common wall dividing the showroom and stockroom. For more information, contact Larry Tinney, Royal Crown Leasing, Inc., 5408 Yadkin Road, Fayetteville, NC 28303; 910-864-5778, Fax 910864-4790. Sit N Sleep operates 26 locations throughout southern CA. The stores, offering mattresses, box springs and related items, occupy spaces of 13,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Larry Miller, Sit N Sleep, 14300 South Main Street, Gardena, CA 90248; 310-608-6838 Ext. 1800, Fax 310-767-7884; Web site: www.sitnsleep.com. (continued on page seven)
This issue contains information on:
* Retailers operating 47,964 locations with plans to open 2,639 sites * Real estate valued in excess of $78.8 million to be bought, sold & financed * Leasing activity on over 4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Fusion Conference New Construction Stoltz is preleasing a 460,000 sq.ft. project in Wilmington, DE......................................... Pg. 3 Sources of Financing REG Funding, LLC provides financing for retail, industrial, office and multifamily properties.............................. Pg. 4 Buyers and Sellers Interchange Development, LLC is selling a 10-acre parcel in Concord, NH..................... Pg. 4 Marcus & Millichap is selling a 79,405 sq.ft. center in Rio Grande, NJ............................ Pg. 8 Openings Dollar General Corp. to open 625 locations nationwide this year................................. Pg. 5 In the News Zifkin Realty Group, LLC hired Michael Karpik as senior vice president and director of operations............................. Pg. 6 Lease Signings SRS Real Estate Partners negotiated a lease with Dick’s Sporting Goods in El Cajon, CA.............................. Pg. 6 Exclusives The Shopping Center Group named leasing agent for a 300,000 sq.ft. power center in Miami, FL.......................... Pg. 7 Food Retailers Expand Cheeburger Cheeburger expanding throughout 20 states nationwide................... Pg. 9 Lead Sheet Gordman’s Stores plans to enter into UT......................... Pg. 12 Ollie’s Bargain Outlet to enter into SC and TN markets......... Pg. 12 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: fusion2011