Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XIII
April 4, 2014
FEATURING HOME-RELATED CHAINS EXPAND NATIONWIDE Ace Hardware operates more than 4,800 locations nationwide and internationally. The home improvement stores, offering hardware, tools, electrical and plumbing supplies, as well as outdoor products, occupy spaces of 8,000 sq.ft. to 20,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout Dutchess, Orange, Putnam, Rockland, Sullivan, Westchester and Ulster counties in NY during the coming 18 months, with representation by Royal Properties, Inc. For more information, contact Scott Meshil, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914237-0196; Email: scott@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. The Tile Shop operates 50 locations throughout DE, GA, IA, IL, IN, KS, KY, MD, MI, MN, MO, NC, NE, NJ, NY, OH, TN, VA and WI. The stores, offering natural stone, floor and wall tiles, and related tools and supplies, occupy spaces of 20,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. For more information, contact Jay Cohen, L3 Corp., 211 North Lindbergh Boulevard, Suite 150, St. Louis, MO 63141; 314-469-7400, Fax 314-576-9768; Email: jay@l3corp.net; Web site: www.l3corp.net.
Basics Plus operates nine locations throughout NY. The stores, offering hardware and housewares items including, electronics, bedding, kitchen and bathroom products, office supplies and home décor accessories, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in neighborhood centers and urban/downtown areas. Growth opportunities are sought throughout Manhattan, NY and the surrounding suburbs during the coming 18 months, with representation by Winick Realty Group. Typical leases run 10 to 15 years. The company prefers to locate in high traffic areas. For more information, contact Joseph Isa, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2647, Fax 212-792-2660; Email: joseph@winick.com; Web sites: www.winick.com and www.basicsplusny.com. NJ Mattress operates one location in Ledgewood, NJ. The mattress store prefers to occupy spaces of 7,500 sq.ft. to 8,500 sq.ft. in freestanding locations and pad sites. Growth opportunities are sought throughout northern and central NJ during the coming 18 months, with representation by Jeffery Realty, Inc. For more information, contact Bill Farkas, Jeffery Realty, Inc., 116 Route 22 East, North Plainfield, NJ 07060; 908-668-9600, Fax 908968-5225; Email: bfarkas@jefferyrealty.com; Web site: www.jefferyrealty.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 26,861 locations with plans to open 1,978 sites • Real estate valued in excess of $91 million to be bought, sold & financed • Leasing activity on over 4.6 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
NATIONAL FOCUS New Construction Mid-America Asset Management, Inc. is preleasing a center in Western Springs, IL..................... Pg. 3 Buyers and Sellers The Rappaport Cos. recently acquired a 175,000 sq.ft. shopping center in Haymarket, VA.............................................. Pg. 4 Who’s Opening and Where The Bon-Ton Stores, Inc. opens a Carson’s Clearance store at Village Plaza in Morton Grove, IL................................................ Pg. 5 Modmarket planning to open new location in the suburbs of Dallas, TX................................... Pg. 5 Food Chains Expand Golden Chick to open restaurants in AR and MO............................ Pg. 6 Lease Signings LMS Commercial negotiated a lease with Sky Zone in Mechanicsburg, PA..................... Pg. 7 De Rito Partners, Inc. negotiated a lease with Furniture Warehouse Factory Direct in Glendale, AZ.... Pg. 7 Sources of Financing Washington Trust’s Commercial Real Estate Group provided financing for a center in Branford, CT.............................................. Pg. 7 Making the News KTGY Group, Inc. hires Simon Perkowitz as principal................ Pg. 7 Tenant Reps Pyramid Management Group is leasing and managing Manassas Mall............................................ Pg. 8 Lead Sheet Primrose Schools seeking new sites............................................ Pg. 10 X Sport Fitness planning to enter the northern NJ market............... Pg. 11 Crocs seeking to open an additional 15 sites nationwide.... Pg. 12 Fit2Run plans additional stores throughout southern CA............. Pg. 12 Space Place................................ Pg. 14