Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XIV
April 8, 2011
Apparel Chains Expand Nationwide Group USA trades as Camille La Vie and Group USA at 26 locations throughout AZ, CA, CO, FL, IL, KS, MI, MO, NC, NJ, NV, NY, OH, PA, TX, VA, WA and Puerto Rico. The stores, offering prom and bridal dresses, sportswear, evening wear, footwear and accessories, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in freestanding locations, regional malls and outlet centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run at least 10 years. Preferred demographics include a population of 500,000 within five miles earning $34,000 as the average household income. For more information, contact Behshid Zandi, Group USA, 25 Enterprise Avenue, Secaucus, NJ 07094; 201-867-6005 Ext. 2023; Email: behshidz@groupusa.com; Web site: www.groupusa.com. Joyce Leslie, Inc. trades as Joyce Leslie at 50 locations throughout CT, NJ, NY and PA. The stores, offering juniors’ apparel, occupy spaces of 7,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout DE and MD during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred cotenants include Target and Walmart. For more information, contact Nancy Shapiro, Joyce Leslie, Inc., 170 West Commercial Avenue, Moonachie, NJ 07074; 201-804-7800, Fax 201804-0801; Email: nshapiro@joyceleslie.com; Web site: www.joyceleslie.com.
Conway operates 45 locations throughout CT, GA, IL, NC, NJ, NY, PA, SC and VA. The stores, offering discount apparel, occupy spaces of 25,000 sq.ft. in regional malls and community shopping centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Fairfield Retail Partners, LLC. Preferred cotenants include grocery stores and apparel retailers. Preferred demographics include a trade-area population of 200,000 earning between $48,000 and $65,000 as the average household income. For more information, contact Cheryl Pellegrini, Fairfield Retail Partners, LLC, 88 Ryders Lane, Stratford, CT 06614; 203-870-8200, Fax 203-870-8201; Email: cpellegrini@fairfieldretail.com; Web site: www.fairfieldretail.com. Honey, Inc. trades as Honey at one location in IN. The store, offering trendy apparel and accessories, prefers to occupy spaces of 800 sq.ft. to 1,500 sq.ft. in entertainment, specialty and tourist centers, as well as urban/downtown areas. Growth opportunities are sought throughout AZ, FL, IN and TX during the coming 18 months. Major competitors include Forever 21, Charlotte Russe and Buckle. The company prefers to locate on college campuses or in tourist areas. For more information, contact Tara Gordon, Honey, Inc., 843 East Westfield Boulevard, Indianapolis, IN 46220; 317-403-0252; Web site: www.ilovehoneyboutique.com. (continued on page eight)
This issue contains information on:
* Retailers operating 38,807 locations with plans to open 5,332 sites * Real estate valued in excess of $343.2 million to be bought, sold & financed * Leasing activity on over 12.1 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Wisconsin IDEX New Construction Cityline Partners, LLC is developing an 8.5-million sq.ft. project in Tysons Corner, VA......................... Pg. 3 Buyers and Sellers Platinum Investments looks to acquire properties throughout FL..................... Pg. 4 Openings Bill the Butcher, Inc. to open 14 locations nationwide..... Pg. 5 Food Retailers Expand Ben & Jerry’s Franchising, Inc. seeking locations nationwide and internationally.................... Pg. 6 In the News NAI Capital hired Jeffrey Simonds as senior vice president............................ Pg. 7 Sources of Financing Cronheim Mortgage arranges $9 million in financing for a center in Derby, CT............ Pg. 8 Exclusives Excess Space Retail Services, Inc. is disposing of Mattress Firm properties throughout AZ, FL, NV, OH and TX..... Pg. 9 Lease Signings Kite Realty Group negotiated leases at a center in Pembroke Pines, FL........ Pg. 10 Lead Sheet Silverspot Cinema to open locations nationwide.......... Pg. 12 Sam Ash Music Corp. seeking sites throughout TX Pg. 13 Space Place........................ Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: wisconsin11
Looking for Acquisitions • Leasing Great Sites
LEASING
Rivercrest Realty has space available in anchored shopping centers along the East Coast. For leasing, contact: Debbie Lewis FL, GA, SC, TN (919) 518-2000 dlewis@rivercrestrealty.com Nicholas Schuman-Werb DE, MD, NC, VA, WV (919) 518-2000 nschuman@rivercrestrealty.com Helen Vitaliano New York Locations (718) 980-7684 helenvitaliano@si.rr.com
ACQUISITIONS
Rivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi. Acquisition Requirements: • Grocery / Shadow-Anchored • $5 Million Minimum Deal Forward proposals to: Stan Werb (919) 846-4046 swerb@rivercrestrealty.com
www.rivercrestrealty.com 8816 Six Forks Road, Suite 201 Raleigh, NC 27615 Phone: (919) 518-2000 Fax: (919) 424-0001
STATE
CENTEr
AVAILAbLE SF
NEW YOrk Staten Island Staten Island
Coral Island Shopping Center Tottenville Square
DELAWArE Seaford
Sussex Plaza
FLOrIDA Wilton Manors
Shoppes of Wilton Manors
2,515 – 32,524 SF
GEOrGIA Atlanta Augusta Macon McDonough
Lenox Village Southpointe Plaza Walnut Creek Plaza McDonough Marketplace
1,073 – 3,483 SF Fully Leased 1,997 & 3,497 SF 1,396 SF
MArYLAND Landover Pocomoke City Fruitland
Landover Crossing East Town Plaza Southtowne Commons
1,999 – 97,421 SF 1,485 SF Fully Leased
NOrTH CArOLINA Advance Chapel Hill Charlotte Charlotte Durham Durham Forest City Hendersonville Raleigh Shelby Siler City Smithfield Southport Taylorsville Winston-Salem Winston-Salem
Kinderton Place Timberlyne Archdale Marketplace Royal Plaza Parkway Plaza The Village Hillside Plaza Highlands Square Millbrook Collection Creekside Plaza Chatham Crossing Smithfield Plaza Tidewater Plaza Taylorsville Hanes Commons Oak Summit
1,773 & 1,967 SF 1,201 – 2,007 SF 1,200 – 3,971 SF 1,259 – 7,553 SF 906 & 3,041 SF 2,531 – 11,488 SF 3,016 SF 2,508 – 8,016 SF 1,069 – 4,017 SF 1,407 SF 1,998 & 4,007 SF 1,514 & 3,023 SF 3,207 SF 1,168 – 8,537 SF 1,117 & 18,294 SF 2,769 – 34,912 SF
SOUTH CArOLINA Boiling Springs Columbia Florence Gaffney Georgetown Greenville Greenville Greenville Greenwood Greer Lake Wylie Lexington Lexington Myrtle Beach Myrtle Beach Surfside Beach
Boiling Springs Center Northpointe Commons Southside Commons Piedmont Plaza Plantation Plaza Haywood Plaza Shoppes at Woodruff White Horse Commons Westwood Plaza Hillview Plaza Landing Station East Towne Centre Village Square Northwood Plaza Plantation Point Surfside Commons
2,006 & 3,009 SF 6,176 SF 1,746 SF 2,003 & 3,213 SF 1,997 SF 1,020 – 10,453 SF 1,482 – 4,030 SF 4,007 SF 1,512 – 12,579 SF 1,205 – 3,007 SF 1,500 – 5,974 SF Fully Leased 792 – 2,808 SF 1,122 – 32,259 SF 1,552 – 4,128 SF 4,023 SF
TENNESSEE Cookeville
Cumberland Station
VIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston Wytheville
Ridgeview Plaza Riverbend Garbers Crossing Mountainview Plaza Peppers Ferry Centre South Boston Wytheville Commons
WEST VIrGINIA Princeton
East River Plaza
945 – 5,007 SF 1,164 – 8,002 SF 2,992 SF
Fully Leased 2,081 & 30,012 SF Fully Leased Fully Leased 3,010 SF 2,776 SF 1,202 – 5,013 SF 2,396 & 11,756 SF 24,560 SF
New Construction NewMark Merrill Cos. is redeveloping Park Plaza on Maine, a 96,219 sq.ft. center located at the intersection of Ramona Boulevard and Maine Avenue in Baldwin Park, CA. Cotenants include, CVS, El Pollo Loco, Little Caesar’s, Check N Go, GNC, Bank of America, Subway and a future Superior Grocers. For more information, contact NewMark Merrill Cos., 5850 Canoga Avenue, Suite 650, Woodland Hills, CA 91367; 818710-6100, Fax 818-710-6116; Web site: www.newmarkmerrill.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............................................... Adam Taliercio adamt@dealmakers.net Customer Service....................... Bridget Thoresen custserv@dealmakers.net Founder..................................................... Ted Kraus 1979–2007
The Dealmakers (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. TM
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.
Colliers International is preleasing Huntington Court, a project located along Carlisle Pike in York Springs, PA. Area demographics include a population of 12,658 within five miles earning $61,780 as the average household income. The average daily traffic count is 15,000 vehicles. The company is also preleasing a proposed 8,600 sq.ft. strip center at the intersection of Black Horse Pike and 8th Avenue in Runnemede, NJ. Area retail includes CVS and Wawa. Area demographics include a population of 274,000 within five miles. The average daily traffic count is 26,411 vehicles. For more information regarding the York Springs property, contact William Aiello or George Lulos, Colliers International, Commerce Towers, 300 North Second Street, Suite 1203, Harrisburg, PA 17101; 717-579-0844 or 717-880-5900; Emails: william.aiello@colliers.com and george.lulos@colliers.com; Web site: www.colliers.com. For more information regarding the Runnemede property, contact David Dunkelman, Colliers International, 399 Market Street, 3rd Floor, Philadelphia, PA 19106; 215-925-4600, Fax 215-9251040; Email: david.dunkelman@colliers.com; Web site: www.colliers.com. NAI CIR is preleasing The Center at Rocky Meadows, a project situated on 56 acres at the intersection of Interstate 81 and Allen Road in Carlisle, PA. Outlots of 43,560 sq.ft. and 200,000 sq.ft. are available. Area demographics include a population of 43,459 within five miles earning $65,958 as the average household income. The average daily traffic count is 34,002 vehicles. Construction on the project is slated to begin next month. For more information, contact Daniel J. Alderman, NAI CIR, PO Box 8910, Camp Hill, PA 17001; 717-761-5070; Email: dalderman@naicir.com; Web site: www.danalderman.com. Samuels & Associates is redeveloping a mixed-use project located at the intersection of Blue Hill Avenue and Edgewood Street in Roxbury, MA. The project includes a fourstory multifamily component and a 3,650 sq.ft. ground-floor retail component. Space is available. Area retail includes Quincy Commons, Super Stop & Shop, Bank of America, CVS and Dunkin’ Donuts. Area demographics include a population of 406,055 within three miles earning $79,376 as the average household income. For more information, contact Samuels & Associates, 333 Newbury Street, Boston, MA 02115; 617-247-3434; Web site: www.samuelsre.com. www.dealmakers.net
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Towne Properties, with AI. Neyer, Inc., is developing University Square at the Loop, a mixed-use project located between Calhoun Street and McMillan Street in Clifton Heights, OH. The site will feature a 40,000 sq.ft. office component, an 80,000 sq.ft. retail and restaurant component and a 160-unit multifamily component. Potential tenants include Adobe Gila’s, Flat Top Grill and Smashburger. Construction is slated to begin during June with an opening projected for fall of next year. For more information, contact Towne Properties, 1055 St. Paul Place, Cincinnati, OH 45202; 513-381-8696 or 866-948-8696, Fax 513-345-6971; Email: info@tp1.com; Web site: www.towneprop.com. FeldCo Development Corp., with Elma Lewis Partners, is developing Ruggles Place, a mixed-use project located in the lower Roxbury area of Boston, MA. Plans for the center include a 591,398 sq.ft. vertical retail component, 43,020 sq.ft. of ground-floor retail and a 315,122 sq.ft. office component. For more information, contact FeldCo Development Corp., 220 Elm Street, Suite 104, New Canaan, CT 06840; 203-9669933; Email: info@feldcodevelopment.com; Web site: www.feldcodevelopment.com. Cityline Partners, LLC is developing an 8.5-million sq.ft. mixed-use project on 40 acres along Route 123 in Tysons Corner, VA. The project will feature a 120,000 sq.ft. retail component, a 4.9-million sq.ft. office building, a 3.1-million sq.ft. multifamily component and a hospitality component. For more information, contact Cityline Partners, LLC, 1651 Old Meadow Road, Suite 650, McLean, VA 22102; 703-5563777; Web site: www.citylinepartners.com. Stoltz is redeveloping Springhouse Village Center, a 150,282 sq.ft. mixed-use center located along Bethlehem Pike in Springhouse, PA. Spaces from 1,500 sq.ft. to 84,000 sq.ft. are available along with a 3,920 sq.ft. endcap space. Area retail includes Beneficial Bank, Complexions, Starbucks, Cold Stone Creamery, Arpeggio Restaurant and Glam Hair Studio. Area demographics include a population of 43,434 within three miles earning $129,737 as the average household income. The average daily traffic count is more than 42,400 vehicles. For more information, contact Gloria Mercado, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-7773557 Ext. 155, Fax 610-664-1976; Email: gmercado@stoltzusa.com; Web site: www.stoltzusa.com. DM
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Buyers and Sellers Marcus & Millichap Real Estate Investment Services is selling an 18,651 sq.ft. center situated on 2.33 acres along Douglas Road in Oswego, IL. The center is 100% occupied and shadow-anchored by Meijer, Old Navy, Bed Bath & Beyond and Michaels. Tenants include Buffalo Wild Wings, Men’s Wearhouse, Sprint, Back to Bed and For Eyes. All tenants are bound to net leases. Area demographics include a trade-area population earning more than $90,000 as the average household income. The average daily traffic count is more than 40,000 vehicles. The NOI is $429,746. The asking price is $4.7 million with a Cap rate of 9.14%. The company is also selling The Shoppes at the Crossing, a 17,909 sq.ft. center located along Coleman’s Crossing Boulevard in Marysville, OH. The center is 100% occupied and anchored by Buffalo Wild Wings with tenants including GameStop, Sprint, Rent-A-Center, Rite Rug and House of Cigar. The NOI is $264,121. The asking price is $3.15 million with a Cap rate of 8.38%. For more information regarding the Oswego property, contact Jason St. John, Marcus & Millichap Real Estate Investment Services; 312-327-5479; Fax: 312-327-5410; Email: jason.st.john@marcusmillichap.com; Web site: www.marcusmillichap.com. For more information regarding the Marysville property, contact Christopher Thomson, 21 East State Street, Suite 2300, Columbus, OH 43215; 614360-9041, Fax 614-360-9810; Email: christopher.thomson@marcusmillichap.com. Breslin Realty is selling a 4.5-acre parcel located at the intersection of William Floyd Parkway and Route 25 in Ridge, NY. Area retail includes Breslin Artist Lake Plaza. Area demographics include a population of 66,792 within five miles earning $85,114 as the average household income. The average daily traffic count is 30,000 vehicles. For more information, contact Richard MacDougall, Breslin Realty, 500 Old County Road, Garden City, NY; 516-741-7400 Ext. 263; Email: macdougall@breslinrealty.com; Web site: www.breslinrealty.com. ReMax Advantage – Commercial Division is selling a one-acre pad site to Lakeshore Village located in Moreno Valley, CA. Ralph’s anchors the center and cotenants include Jack in the Box and Chevron. The average daily traffic count is 18,000 vehicles. The asking price is $375,000. For more information, contact Debbie Hanna, ReMax Advantage – Commercial Division, 611 West Redlands Boulevard, Suite C, Redlands, CA 92373; 909-528-2512; Email: realestate@debbiehanna.com. page 4
April 8, 2011
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Newmark Knight Frank|Cornish & Carey Commercial is selling a 22-story, 31,408 sq.ft. retail condominium located near Interstate 280 and CA Highway 87 in San Jose, CA. The property is 76.7% leased and anchored by Safeway, which is bound to a lease set to expire during 2019. The asking price is $12.885 million with a Cap rate of 6.5%. The company is also selling a Walgreens located along Highway 32/Newville Road in Orland, CA. The tenant is bound to a 25-year NNN lease. The asking price is $7.778 million with a Cap rate of 6.75%. For more information regarding the San Jose property, contact Michael Maffia, Putnam Daily, Sean O’Carroll or Jim Shepherd, Newmark Knight Frank|Cornish & Carey Commercial, One Bush Street, Suite 400, San Francisco, CA 94104; 415445-5144/5107, 408-987-4120 or 925974-0105; Emails: mmaffia@ccareynkf.com and pdaily@ccareynkf.com; Web site: www.ccareynkf.com. For more information regarding the Walgreens property, contact Michael Maffia or Putnam Daily.
The Boulder Group, on behalf of a client, looks to acquire single-tenant CVS properties throughout metropolitan areas nationwide. Suitable properties are bound to leases with terms longer than 15 years and are priced reflecting a Cap rate above 6.9%. For more information, contact Randy Blankstein, The Boulder Group; 666 Dundee Road, Northbrook, IL 60062; 847-562-0003; Email: rblank@bouldergroup.com; Web site: www.bouldergroup.com.
Cushman and Wakefield – Boston, on behalf of a client, is selling New Brite Plaza, a 156,000 sq.ft. center located in New Britain, CT. The center is 100% occupied and anchored by Marshalls, Save-A-Lot and Ocean State Job Lot. For more information, contact Robert E. Griffin, Jr., Geoffrey Millerd, Allen Potts, Cole Pinney or Laura M. Shaughnessy, Cushman and Wakefield – Boston, 125 Summer Street, 15th Floor, Boston, MA 02110; 617204-4150/5927/4106/5928/5905; Emails: robert.griffin@cushwake.com, geoffrey.millerd@cushwake.com, allen.potts@cushwake.com, cole.pinney@cushwake.com and laura.shaughnessy@cushwake.com; Web site: www.cushwake.com.
Progressive Real Estate Partners is selling Rancho Plaza, an 11,671 sq.ft. center situated on 1.22 acres along 19th Street in Rancho Cucamonga, CA. The center is 100% occupied with tenants including Starbucks, Juice It Up! and Western Dental. The NOI is $393,597. The asking price is $5.62 million with a Cap rate of 7%. For more information, contact Brad Umansky, Progressive Real Estate Partners, 3296 East Guasti Road, Suite 110, Ontario, CA 91761; 909-230-4500; Email: tammy@progressiverep.com; Web site: www.progressiverep.com.
R.L. Travers & Associates, Inc. is selling a 3.518-acre parcel located along Old Bridge Road in Lake Ridge, VA. A 27,750 sq.ft. strip center has been proposed for the site. Area demographics include a population of 184,801 within five miles. The average daily traffic count is 36,000 vehicles. The company is also selling a nine-acre parcel located along Welcome Highway in Ruther Glen, VA. A 56,000 sq.ft. center has been proposed for the site. Area retail includes Aunt Sarah’s Pancake House. Area draws include Virginia Sports Complex. The asking price is $750,000. For more information, contact Guy Travers, R.L. Travers & Associates, Inc., PO Box 686, Springfield, VA 22150; 703-339-0100, Fax 703-550-8815; Email: gtravers@rltinc.net; Web site: www.rltinc.com.
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RJS Realty Group, Inc. is selling North Hills Square, a 60,829 sq.ft. neighborhood shopping center located at the intersection of Wiles Road and University Drive in Coral Springs, FL. Walmart Neighborhood Market anchors the center. For more information, contact Steve Miskew or Bob Sullivan, RJS Realty Group, Inc.; 70 Southeast 4th Avenue, Delray Beach, FL 33483; 561-659-9771 Ext. 2/1; Fax: 561-6599773; Emails: stevemiskew@rjsrealty.com and bobsullivan@rjsrealty.com; Web site: www.rjsrealty.com.
Platinum Investments looks to acquire netleased, single-tenant freestanding properties and strip centers throughout FL. Suitable properties are priced between $1 million and $30 million with a Cap rate above 9%. For more information, contact Luzelena Hincapie, Platinum Investments; 800841-4920, Fax 954-252-4632; Email: luzelena2006@earthlink.net. Net Leased Investment Co. is selling a 10,125 sq.ft. freestanding CVS situated on 1.88 acres at the intersection of Main Street and Lola Avenue in Altavista, VA. The tenant is bound to a 20-year NN lease set to expire during January 2020 and featuring four, five-year options. The asking price is $2.411 million with a Cap rate of 7.75%. For more information, contact Bob Fraser or Scott Austin, Net Leased Investment Co., PO Box 210783, West Palm Beach, FL 33421; 561-629-5831; Fax: 561-290-1129; Email: bobfraser@netleased.com; Web site: www.netleased.com. DM
Who’s Opening and Where Wal-Mart Stores, Inc. (479-273-4000) plans to open more than 12 stores throughout Dallas, TX, including more than three locations in southern Dallas. The planned stores will include Walmart Neighborhood Market, Sam’s Club and Walmart Supercenter locations. Potential openings include a 180,000 sq.ft. Walmart Supercenter at the intersection of Interstate 35 and Ledbetter Road, a Walmart Neighborhood Market near the intersection of South Buckner and Scyene Road in the Pleasant Grove area of the city, and a Walmart Neighborhood Market located near the intersection of North Hampton Road and Ft. Worth Avenue in the Oak Cliff area. The company also plans to open a Sam’s Club location at the intersection of Webb Chapel and Northwest Highway, which will replace an existing Sam’s Club location west of Interstate 35 in the city. The company will also open a Walmart Supercenter in a former Walmart located at the intersection of Central Expressway and Midpark. The openings will more than double the company’s store count in the city. Whole Foods Market, Inc. (512-477-4455) plans to open a 35,000 sq.ft. Whole Foods Market at The Vineyard, located in San Antonio, TX. The store is slated to open during 2012 or early 2013 and will join SuperTarget at the center. The company currently operates more than 300 locations nationwide and throughout Canada and the United Kingdom. Bill the Butcher, Inc. (480-231-9929) plans to open 14 Bill the Butcher stores nationwide during the year as part of a plan to operate as many as 125 stores within the coming four to five years. The company is considering locations in San Francisco, Berkley and Palo Alto, CA, and plans to enter into other states along the western coast of the U.S., as well as TX. Care-A-Lot Pet Supply (800-343-7680) will open a 20,000 sq.ft. store on 2.3 acres along Indian River Road between Centerville Turnpike and Kempsville Road in Virginia Beach, VA. The location will be the company’s third in the Hampton Roads area and is slated to open during the fall. The company also plans to open another store within the coming two years. Tacoma Goodwill (253-573-6500) will open a 14,000 sq.ft. Goodwill Industries thrift store at Olympic Village, located along Olympic Drive Northwest in Gig Harbor, WA. The store will replace an existing location in the city and is slated to open during the spring.
Safeway, Inc. (925-467-3000) will open a 58,000 sq.ft. supermarket at Pleasanton Gateway Center, a center currently under development on 12.5 acres at the intersection of Bernal Avenue and Valley Avenue in Pleasanton, CA. The store will be in the company’s Lifestyle concept and will feature expanded meat, seafood, bakery and wine departments, as well as organic products, a sandwich bar and customer seating. The company currently operates 270 locations throughout northern CA.
Sprouts Farmers Market, LLC (480-814-8016) will open a Sprouts Farmers Market in a former Sport Chalet along Foothill Boulevard in La Canada Flintridge, CA. The store was originally slated to be a Henry’s Farmers Market but will open as a Sprouts location following the merger of the two companies earlier this year. The store is slated to open during the summer. The company expects to eventually operate 108 locations throughout AZ, CA, CO and TX, including stores gained by the merger in addition to new openings.
Love’s Travel Stops and Country Stores (800-388-0983) plans to open 22 locations nationwide, including stores in Napavine, WA and Emerson, GA, expects to open approximately 20 new stores annually nationwide and is scouting potential locations throughout the northeastern region of the U.S. The company will also open 50 Love’s Truck Tire Care centers at existing locations, as part of a plan to open 100 of the tire centers during the next two years. The company currently operates 260 locations nationwide throughout 40 states.
JPMorgan Chase & Co. (212-270-6000) will open as many as 225 JPMorgan Chase bank branches nationwide during the year, as part of a plan to open as many as 2,000 branches nationwide during the coming five years. Planned branches include locations in CA and FL. The company opened 154 locations last year, and currently operates 5,280 units nationwide.
Gold Star Chili (513-231-4541) plans to open six restaurants during the year. The company will also, through a development agreement, open three test stores in Beijing, China before the end of June. The restaurant chain currently operates 95 locations throughout IN, KY and OH, including five companyowned restaurants. Ingles Markets, Inc. (828-669-2941) plans to open a 104,175 sq.ft. supermarket on part of a 31.6-acre parcel located along Smoky Park Highway in Asheville, NC. The store will replace an existing, smaller location on the same site. The new store will be nearly twice the size of the company’s average size of 53,000 sq.ft. The Stop & Shop Supermarket Co. (800-4537467) plans to open a 67,500 sq.ft. Super Stop & Shop at the intersection of Benedict Avenue and Route 119 in Tarrytown, NY. The store will replace an existing location at Bridge Plaza Shopping Center in the city, which will be retenanted by CVS. The Super Stop & Shop is slated to open early next year. Haagen-Dazs (800-793-6872) plans to open at least two locations in Austin, TX during the coming two years, as part of a plan to open more than 25 locations this year. The company currently operates 20 stores in the area, including locations in Dallas, Ft. Worth, Houston and San Antonio. www.dealmakers.net
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Tesco plc (310-384-3833) is scouting locations for smaller-format stores throughout northern CA, as part of a plan to open 13 locations throughout the region. The new format will be for stores of about 5,000 sq.ft., as opposed to the company’s typical size of 10,000 sq.ft. to 15,000 sq.ft. The company will primarily seek locations in the company’s standard footprint in addition to the new format. LaRosa’s, Inc. (513-347-5660), through a franchisee, plans to open LaRosa’s restaurants in Maysville, KY and Hillsboro, OH. The company also plans to open five stores outside of the greater Cincinnati, OH area. Gordon Food Service (800-968-6525) plans to open a GFS Marketplace on 1.4 acres of a 12-acre development site located near the intersection of Cedar Road and Warrensville Center Road in South Euclid, OH. The store will offer food and kitchen supplies to consumers, restaurants and businesses, and is slated to open during the fall. Apple, Inc. (408-996-1010) plans to open a location in Grand Central Terminal in New York, NY. The store, which will be branded Apple Store, Grand Central, will be the company’s largest location worldwide, and is slated to open during the fall. The company operates more than 300 stores worldwide. Chuy’s (888-439-2489) will open a 6,000 sq.ft. restaurant with a patio space along Broadway in the Midtown area of Nashville, TN. The restaurant is slated to open during late July. DM
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Food Retailers Expand Nationwide Chipotle operates more than 900 locations nationwide. The Mexican restaurants occupy spaces of 2,000 sq.ft. to 2,600 sq.ft. in freestanding locations, urban/downtown areas and endcaps and pad sites of shopping centers. Growth opportunities are sought throughout Fairfield, Hartford and New Haven counties in CT and Westchester County in NY during the coming 18 months, with representation by Fairfield Retail Partners, LLC. The company prefers to locate in areas with a strong retail and office presence, and prefers sites near colleges and hospitals. Starbucks operates more than 17,000 locations nationwide and internationally. The coffee shops occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps of shopping centers without a drive-thru, and of 1,800 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps of shopping centers with a drive-thru, as well as pad sites. Growth opportunities are sought throughout CT, northern NJ and Westchester County and the Hudson Valley area of NY during the coming 18 months, with representation by Fairfield Retail Partners, LLC. Applebee’s operates 2,000 locations nationwide and internationally. The casual restaurants occupy spaces of 5,200 sq.ft. in freestanding locations, downtown areas, highway-adjacent sites and endcaps and pad sites of power and lifestyle centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Fairfield Retail Partners, LLC. DiBella’s Old Fashioned Submarines operates 19 locations throughout MI, NY, OH and PA. The restaurants occupy spaces of 3,500 sq.ft. to 3,900 sq.ft. in freestanding locations and endcaps and pad sites of shopping centers. Growth opportunities are sought throughout CT and western MA during the coming 18 months, with representation by Fairfield Retail Partners, LLC. The company will also consider second-generation spaces and prefers areas with a high office concentration. The company prefers sites located near colleges, hospitals and other daytime traffic generators. For more information, contact Mike Shanahan, Fairfield Retail Partners, LLC, 88 Ryders Lane, Stratford, CT 06614; 203-870-8200, Fax 203-870-8201; Email: mshanahan@fairfieldretail.com; Web site: www.fairfieldretail.com. For additional information regarding Chipotle and Starbucks’ expansion in northern NJ and Westchester and Hudson Valley, NY, contact Tom Zuber; Email: tzuber@fairfieldretail.com. For additional information regarding DiBella’s Old Fashioned Submarines, contact Tom Zuber or Cheryl Pellegrini; Email: cpellegrini@fairfieldretail.com. page 6
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Earl’s Restaurants trades as Earl’s at 64 locations throughout AZ, CO and WA, as well as Alberta, British Columbia, Ontario, Manitoba and Saskatchewan, Canada. The restaurants occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in freestanding locations, malls, urban/downtown areas and entertainment centers. Growth opportunities are sought throughout AZ, CA, CO, MN, OR, WA and Ontario, Canada during the coming 18 months. Typical leases run 15 years. Preferred demographics include a population of 100,000 within two miles earning $75,000 as the average household income. For more information, contact John Mulvaney, Earl’s Restaurants, 108B – 949 3rd Street West, North Vancouver, British Columbia, Canada V7P 3P7; 604990-6213, Fax 604-984-2263; Email: jmulvaney@earls.ca. Ben & Jerry’s Franchising, Inc. trades as Ben & Jerry’s Ice Cream at more than 800 locations nationwide and internationally. The stores, some of which are seasonal, offer ice cream, frozen yogurt, desserts and sorbet and occupy spaces of 150 sq.ft. to 1,200 sq.ft. in urban/downtown areas and entertainment, lifestyle and tourist centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options preferred. A vanilla shell is required. Expansion is franchise-driven. The company prefers site submittals to be sent via email or the Web site. For more information, contact Eric Thomas, Ben & Jerry’s Franchising, Inc., 30 Community Drive, South Burlington, VT 05403; Fax 802846-1538; Email: real.estate@benjerry.com; Web site: www.benjerry.com. Red Mango operates 132 locations nationwide throughout 25 states. The frozen yogurt and smoothie shops occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in downtown areas and entertainment, power and neighborhood shopping centers. Growth opportunities are sought throughout Broward and Palm Beach counties in FL during the coming 18 months, with representation by Barrister Realty. Typical leases run 10 years with two, five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include supermarkets, restaurants and fashion and entertainment retailers. For more information, contact Arthur Shifrin, Barrister Realty, 1500 Northwest 16th Avenue, Suite 209, Gainesville, FL 32605; 352-2840715; Email: arthur@barristerrealty.com; Web site: www.redmangousa.com.
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Pret A Manger operates 32 locations throughout IL, NY and Washington, DC. The restaurants, offering sandwiches, salads, soups, wraps, desserts and breakfast items, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in central business districts, corner locations and street fronts. Growth opportunities are sought throughout Chicago, IL and New York, NY during the coming 18 months, with representation by Newmark Knight Frank. The company prefers sites with a strong office presence and high foot traffic. For more information, contact Gregory Kirsch, Newmark Knight Frank, One East Wacker Drive, Chicago, IL 60601; 312-3863138; Email: gkirsch@newmarkkf.com; Web site: www.pret.com. BJ’s Restaurants, Inc. trades as BJ’s Restaurant & Brewhouse at 103 locations throughout AZ, CA, CO, FL, IN, KY, LA, NV, OH, OK, OR, TX and WA. The restaurants occupy spaces of 7,500 sq.ft. to 9,000 sq.ft. in freestanding locations, malls and entertainment, mixed-use, power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 to 25 years with options. Preferred cotenants include entertainment venues, movie theaters, restaurants and big box and lifestyle retailers. For more information, contact Brian Ulrich, BJ’s Restaurants, Inc., 7755 Center Avenue, Suite 300, Huntington Beach, CA 92647; 714-500-2400, Fax 714-908-2770; Web site: www.bjsrestaurants.com. Mr. Subb, Inc. trades as Mr. Subb at 20 locations throughout the capital region of NY. The restaurants, offering soups, salads and subs, occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in strip centers. Plans call for two openings within the existing market during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. Major competitors include Subway. For more information, contact William Pompa, Mr. Subb, Inc., 601 Columbia Street, Cohoes, NY 12047; 518-783-0276, Fax 518783-0403; Email: wpompa@mrsubb.com; Web site: www.mrsubb.com. DM
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Real Estate Professionals Making the News Grubb & Ellis Co. (312-698-6735 or 714975-2230) hired Michael Dahmer as senior vice president, Michael Woodruff as a senior associate and Kellie Scrogum as an associate. Prior to joining the company, Dahmer served as principal of RetailWorks and Woodruff and Scrogum served on the RetailWorks team. They will operate out of the company’s Atlanta, GA office. The office provides leasing, investment sales, receivership and property management services for retail clients. The company also hired Robin Newton as vice president, retail group. She will specialize in tenant and landlord representation. Prior to joining the company, Newton served as a sales associate at Cornish & Carey Commercial Newmark Knight Frank. NAI Capital (949-854-6600) hired Jeffrey Simonds as senior vice president. He will specialize in landlord and tenant representation for retail properties, as well as developer site acquisition, and will operate out of the company’s Orange County, CA office. Prior to joining the company, he served at Voit Commercial, Grubb & Ellis Co. and CB Richard Ellis. The company, headquartered in Encino, CA, operates 14 offices throughout southern CA offering acquisitions and dispositions, subleasing, tenant representation, lease administration, due diligence and consulting and advisory services. Johnson Capital (949-660-1999) hired Thomas Bracken as senior vice president at the company’s San Francisco, CA office. He will be responsible for originating debt and equity financing throughout the Bay area of CA and other areas along the West Coast. Prior to joining the company, he served as senior vice president at Berkadia Commercial Mortgage. The company offers debt placement and acquisition financing for permanent loans, construction financing and property repositioning for retail, industrial, office, multifamily, hospitality and mixeduse properties, as well as joint venture equity placement for individual assets D M and portfolios.
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Puerto rico SiteS Wanted 40,000 Sf to 80,000 Sf
Burlington Coat Factory is a credit tenant with nearly 400 department stores nationwide. The company was acquired for $2.06 billion in April 2006, by Bain Capital Partners, LLC, a leading global private investment firm. Burlington Coat Factory will be the hottest retailer on the Island with the best selection of branded designer apparel for the family and luxury home decor accessories at the best prices.
Site Criteria: 40,000 sf to 80,000 sf New Construction, Existing Space, Build-to-Suits Mall, Strip Center, Power Center and Freestanding Please submit sites or call for questions: Ann O’Neal 609-937-1828 | Email: ann@dealmakers.net or Leon Winer 787-632-4300 | lwiner@realestatepr.net www.dealmakers.net
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Apparel Chains Expand Nationwide (continued from page one)
Lindor, Inc. trades as Dorlene and Lindor at 80 locations throughout Maritimes, Ontario and Quebec, Canada. The stores, offering women’s apparel, occupy spaces of 1,600 sq.ft. in enclosed malls. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is preferred. Preferred cotenants include fashion retailers, Sears, Zellers and Walmart. Major competitors include Cleo, Tan Jay, Reitmans, Alia, Laura and Northern Reflections. For more information, contact Pearl Edwards, Lindor, Inc., 9600 Meilleur Street, Suite 750, Montreal, Quebec, Canada H2N 2E3; 514-384-5243 Ext. 105, Fax 514-3843487; Email: pedwards@lindor.ca. New York New York, The Clothing Co. operates four locations throughout TN and TX. The stores, offering junior dresses and sportswear, footwear and accessories, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in outlet and tourist centers. Growth opportunities are sought throughout Los Angeles, CA; FL; NY and TX during the coming 18 months. Typical leases run 10 years. A vanilla shell and tenant improvement allowance are
required. Preferred demographics include a population of one million within 100 miles earning $75,000 as the average household income. Major competitors include rue21, Charlotte Russe and Papaya. The company prefers to locate in major tourist destination areas with visitor counts of up to four million annually. For more information, contact Haya Kadosh, New York New York, The Clothing Co., PO Box 2488, Hallandale, FL 33008; 305-249-6646, Fax 305-249-6647. Vanity Shop of Grand Forks trades as Vanity at 190 locations nationwide throughout 27 states. The stores, offering women’s and juniors’ apparel, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in enclosed malls. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run three to five years. A vanilla shell and specific improvements are required. Preferred cotenants include Target. Major competitors include Aeropostale, Charlotte Russe and Wet Seal. For more information, contact Dane Tollefson, Vanity Shop of Grand Forks, 1001 25th Street North, Fargo, ND 58102-3116; 701-237-3330, Fax 701-235-6789. DM
Sources of Financing Meridian Capital Group, LLC arranged a $6.55 million conduit loan for the refinancing of a 10,800 sq.ft. retail condominium at the intersection of Tenth Avenue and 44th Street in New York, NY. The loan was arranged on behalf of Chatham 44 Commercial Associates, LLC and provided by Citigroup Global Markets, Inc., and featured a five-year term and a fixed interest rate. The company arranges financing in amounts from $1 million to more than $500 million for retail, office, multifamily, hospitality, mixed-use and industrial properties. For more information, contact Jonathan Stern, Meridian Capital Group, LLC, 1 Battery Park Plaza, 26th Floor, New York, NY 10004; 212-972-3600, Fax 212-201-5181; Email: jstern@meridiancapital.com; Web site: www.meridiancapital.com. Cronheim Mortgage arranged $9 million in acquisition financing for a 168,803 sq.ft. center located along New Haven Avenue/State Route 34 in Derby, CT. The loan featured a 19-year term and a 4.85% interest rate. Lowe’s Home Improvement anchors the center and cotenants include Dollar Tree, Dunkin’ Donuts, Webster Bank and Burger King. For more information, contact Andrew Stewart or Anna Westhoff, Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; 973-635-6800; Email: andrew.stewart@cronheimmortgage.com; Web site: www.cronheimmortgage.com. Spectrum Capital Partners, LLC provides financing for restructurings, recapitalizations and workouts of a variety of asset types throughout markets nationwide. Loans are available in amounts above $10 million. For more information, contact Jeffrey Donnelly, Spectrum Capital Partners, LLC, 3 West 57th Street, 10th Floor, New York, NY 10019; 212-871-5918, Fax 646-219-5104. Salem Financial Group provides hard-money, bridge/mezzanine and construction financing for retail, multifamily, residential and hospitality properties worldwide. Funding is available in amounts below $250 million. For more information, contact Walter E. Wlodarski, Salem Financial Group; 973-8688450; Email: salemfinangroup@aol.com. Telfair Capital, LLC provides construction financing for commercial properties throughout CA and along the western coast of the U.S. For more information, contact Donald F. McGraw II, Telfair Capital, LLC, 1117 Perimeter Center West, Suite N – 305A, Atlanta, GA 30338; 888-2730805 Ext. 103, Fax 866-579-7964; Email: dmcgraw@telfaircapital.com. DM
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Exclusives and Leasing Assignments Renaud Consulting (703-404-2346) represents the following retailers with their expansion plans: Bonjour La Parisienne, throughout MD, VA and select markets of Washington, DC, seeking spaces smaller than 1,000 sq.ft.; Boost Mobile, throughout Prince George’s County, MD and Annandale, Springfield and Falls Church, VA, as well as Washington, DC, seeking spaces of 1,000 sq.ft. to 1,500 sq.ft.; Helzberg Diamonds, throughout Annapolis and Rockville, MD and Sterling and Vienna, VA, seeking sites of 4,500 sq.ft. to 5,500 sq.ft.; Morton’s The Steakhouse, throughout Georgetown and Tyson’s Corner, VA, utilizing spaces of 8,500 sq.ft.; Naan & Beyond, throughout central business districts in Washington, DC, seeking spaces of 1,500 sq.ft. to 2,200 sq.ft., and Sweet Home Furniture, throughout northern VA, seeking sites of 7,000 sq.ft. to 12,000 sq.ft. in areas more than three miles away from Seven Corners furniture stores. Matanky Realty Group (312-337-1001) has been named the exclusive leasing and sales agent for a 13,771 sq.ft. center located at the intersection of 71st Street and Yates Boulevard in Chicago, IL. The average daily traffic count is over 40,000 vehicles.
Fairfield Retail Partners (203-870-8200) represents the following retailers with their expansion plans: Lakeshore Learning Materials, throughout CT and the Hudson Valley area of NY, seeking sites of 7,000 sq.ft. to 8,000 sq.ft. in freestanding locations and endcaps of shopping centers; Leslie’s Pool Supplies, throughout CT, utilizing spaces of 2,500 sq.ft. to 3,500 sq.ft. in endcaps and inline spaces of shopping centers; Not Your Average Joe’s, throughout CT, seeking sites of 5,500 sq.ft. in upscale downtown areas and lifestyle centers, and Conway, throughout CT, seeking spaces of 25,000 sq.ft. in malls and regional and community shopping centers. SRS Real Estate Partners (512-236-4600) represents the following retailers with their expansion plans: Scooter’s Coffeehouse, throughout Austin and San Antonio, TX, seeking spaces of 1,200 sq.ft. to 2,000 sq.ft.; Starbucks, throughout Austin, TX, seeking sites of 1,200 sq.ft. to 3,000 sq.ft.; State Farm Insurance, throughout Austin, TX, utilizing spaces of 1,000 sq.ft. to 1,500 sq.ft.; Tony Roma’s, throughout central TX, seeking spaces of 4,800 sq.ft. to 5,600 sq.ft.; Toys “R” Us Express, throughout Austin and San Antonio, TX, seeking sites of 3,000 sq.ft. to
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5,000 sq.ft.; USAA Bank, nationwide, seeking spaces of 4,000 sq.ft. to 5,000 sq.ft.; Scottrade, throughout Austin, TX, utilizing sites of 1,500 sq.ft.; Top Golf, throughout Austin, TX, seeking parcels of 10 acres to 15 acres; Two Rows Restaurant & Brewery, utilizing sites of 6,000 sq.ft.; Verizon Wireless, throughout Austin, TX, seeking spaces of 4,000 sq.ft., and Yogurtland, throughout Austin and San Antonio, TX, seeking sites of 1,500 sq.ft. Excess Space Retail Services, Inc. (800435-8384) represents Mattress Firm in the disposition of properties throughout AZ, FL, NV, OH and TX. Available spaces range in size from 2,000 sq.ft. to 15,438 sq.ft. and include sites in Goodyear and Peoria, AZ; Boca Raton, Coral Springs, Hialeah, Miami and Winter Park, FL; Las Vegas, NV; Dublin, OH and Austin, Dallas, Flower Mound, Frisco, Houston, Irving, Plano, San Antonio and Sunset Valley, TX. Zelnik & Co., LLC (212-223-2200) represents Big Daddy’s with the restaurant’s expansion throughout the New York, NY metropolitan area. The chain, offering breakfast, lunch and dinner and featuring carryout and delivery services, is seeking spaces in airports, malls, hotels and sports stadiums. DM
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Lease Signings Konover South, LLC (954-354-8282) signed a lease extension with WingStop for 1,400 sq.ft. at South Kendall Square, a 110,000 sq.ft. shopping center located at the intersection of Southwest 120th Street and Southwest 127th Avenue in Miami, FL. The center is anchored by ABC Fine Wine & Spirits, Bonefish Grill and Walgreens. Cotenants include ABC Dance Studio, Bank of America, BB&T Bank, Big Frog Custom T-Shirts, Capry French Dry Cleaners, Chase Bank, Cold Stone Creamery, Happy Hippo Daycare, KFC/Long John Silver’s, Miami Barber Shop, Sir Pizza, Starbucks and Tobacco Breeze. The company also signed a lease with Aladdin Hookah Café & Grill for 2,046 sq.ft. at Poinciana Place, a 107,138 sq.ft. shopping center located at the intersection of U.S. Highway 192 and State Route 535 in Kissimmee, FL. Cotenants at the center include Smokey Bones Barbeque & Grill, Burger King, China Pearl, Coastal Dental, Nailstyle, Pizza and Pasta Express and Vineland Bistro. Colliers International|Allentown Retail Division (610-770-3600) negotiated a lease with Metro PCS for 1,000 sq.ft. and with Bread Box, Inc. for 2,480 sq.ft. at Tilghman Square Shopping Center, a 230,000 sq.ft. center located in Allentown, PA. Cotenants at the center include Staples, AMC Theatres and Planet Fitness. The company was the sole broker in the transactions. The company also negotiated leases with Metro PCS for 1,029 sq.ft., Subway for 1,250 sq.ft. and Dunkin’ Donuts for 2,000 sq.ft. at Crossroads Plaza, an 8,000 sq.ft. strip center located at the intersection of Philadelphia Road and St. John Street in Easton, PA. Cotenants at the center include CVS. The company was the sole broker in the transactions, excluding the Metro PCS lease, wherein the company represented the landlord and KW Commercial represented the tenant. Kite Realty Group (317-577-5600) negotiated the following leases at Cobblestone Plaza, located at the intersection of Pines Boulevard and Interstate 75 in Pembroke Pines, FL: with Menchie’s Frozen Yogurt for 1,737 sq.ft.; with Orange Theory Fitness for 2,600 sq.ft.; with Mattress Firm for 3,150 sq.ft. and with Russo’s Coal Fire Italian Kitchen & Pizzeria for 3,334 sq.ft. The center is anchored by Whole Foods Market, All Pets Emporium and Party City. The company represented the landlord, KRG CREC/KS Pembroke Pines, LLC, Colliers International represented Russo’s Coal Fire Italian Kitchen & Pizzeria and Menchie’s Frozen Yogurt and Atlantic Retail Properties represented Mattress Firm in the transactions. page 10
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Metro Commercial Real Estate (610-8255222) negotiated the following leases at Darby Town Center, a 142,000 sq.ft. center located along South MacDade Boulevard in Darby, PA: with Popeye’s for 2,152 sq.ft.; with Hair World for 3,961 sq.ft.; with Dollar Tree for 10,000 sq.ft. and with Save-A-Lot for 17,000 sq.ft. Cotenants at the center include Deal$ and Hilldale Kitchen. The company represented the landlord, MacDade-Darby Development, in the transactions, and represented both the landlord and the tenant in the Dollar Tree transaction. The Lightstone Group (908-668-8300) signed a seven-year lease extension with Advance Auto for 9,000 sq.ft. at 25th Street Shopping Center, a 131,000 sq.ft. strip center located at the intersection of Route 22 and Nazareth Road in Easton, PA. Cotenants at the center include CVS, RadioShack, Petco, Retro Fitness, Jenny Craig, McDonald’s, Pizza Hut and Sherwin-Williams. Goodman Real Estate Services Group, LLC (216-381-8200) negotiated a lease with Bikram Yoga of Cleveland for 4,242 sq.ft. at Fairmount Circle Shopping Center, located at the intersection of Fairmount Boulevard and Warrensville Center Road in Shaker Heights, OH. Cotenants at the center include CVS, Dave’s Cosmic Subs, Ben & Jerry’s, Pizzazz on the Circle, D.O. Summers Dry Cleaners, Park Opticians, Peter Danford Jewelers and Mark Frank Salon. The company represented the landlord in the transaction. Levin Management Corp. (800-488-0768) negotiated a lease with Ollie’s Bargain Outlet for 29,423 sq.ft. at River Plaza, a 177,871 sq.ft. center located at the intersection of Main Street/Route 17C and Endwell Street in Union, NY. The center is anchored by a 132,000 sq.ft. Home Depot and cotenants include Window World and A&A Beauty Supplies. The company represented the landlord and Widewaters represented the tenant in the transcation. Fameco Real Estate, LP (610-834-8000) negotiated leases with Yogurtland for 1,200 sq.ft. at Hamilton Marketplace in Hamilton, NJ and for 1,300 sq.ft. at The Shoppes at Union Hill in Denville, NJ. The company represented the tenant in the transaction. The company also negotiated the following leases with Sport Clips: at Park East Plaza in Cherry Hill, NJ; at Nassau Pavilion in Princeton, NJ; at The Shoppes at English Village in North Wales, PA; at Providence Town Center in Collegeville, PA, and at Marketplace at Neshaminy in Bensalem, PA. DM
Lead Sheet Firestone Rob Samtmann c/o Equity Retail Brokers 101 West Elm Street, Suite 370 Conshohocken, PA 19428 610-645-7700 Ext. 108, Fax 610-645-5454 Email: rsamtmann@equityretailbrokers.com Web site: www.equityretailbrokers.com
Automotive The 2,100-unit chain operates locations nationwide. The automotive service centers occupy spaces of 7,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout southern NJ and eastern PA during the coming 18 months, with representation by Equity Retail Brokers. A land area of one acre is required.
Becky’s Cards and Gifts, Inc. dba Becky’s Hallmark Shops Francis Norsworthy, Jr. 221 McLaws Circle Williamsburg, VA 23185 757-220-6772, Fax 757-259-0120
Cards The 19-unit chain operates locations throughout NC and VA. The card and gift shops occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. in freestanding locations, regional malls and lifestyle, power, specialty, strip and neighborhood community shopping centers, as well as urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years with two, five-year options. A vanilla shell is required. Preferred cotenants include Target and grocery and department stores. Preferred demographics include a population of 17,000 within three miles earning $50,000 as the average household income. Major competitors include Walmart and Walgreens.
Convenient Food Mart Dev. Corp. dba Convenient Food Mart Greg Desantis 3642 Jacob Street Wheeling, WV 26003 304-232-3060 Ext. 20, Fax 304-233-4686 Email: gdesantis@convenient.com Web site: www.convenient.com
Convenience The 18-unit chain operates locations throughout OH and WV. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout southeastern OH and WV during the coming 18 months. Typical leases run 10 years with two, five year options.
Kroger dba Turkey Hill Minit Markets William Weisser, Jr. 257 Centerville Road Lancaster, PA 17603 717-299-8908, Fax 717-299-0519 Email: bill.weisser@minitmarkets.com
Convenience The 267-unit chain operates locations throughout Indianapolis, IN; Columbus, OH and eastern PA. The convenience stores, with gasoline facilities, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the Indianapolis, IN metropolitan area; the Columbus, OH metropolitan area and eastern PA during the coming 18 months. The company prefers to acquire sites. A land area of at least 50,000 sq.ft. is required.
Murphy Oil Scott Bitney c/o L3 Corp. 12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: scott@l3corp.net Web site: www.l3corp.net
Convenience The company operates locations nationwide throughout 20 states. The convenience stores, with gasoline facilities, occupy outlots situated on a land area of one acre. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp.
Family Dollar Stores, Inc. dba Family Dollar Department of Real Estate PO Box 1017 Charlotte, NC 28201 704-847-6961 Email: realestate@familydollar.com Web site: www.familydollar.com
Discount The 6,800-unit chain operates locations nationwide throughout 44 states, excluding the West Coast, AK and HI. The stores, offering discounted general merchandise items, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
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Lead Sheet Regal Entertainment Group Bill Farkas c/o Jeffery Realty, Inc. 116 Route 22 East North Plainfield, NJ 07060 908-668-9600, Fax 908-668-5225 Email: bfarkas@jefferyrealty.com Web site: www.jefferyrealty.com
Entertainment The 537-unit chain operates locations nationwide throughout 37 states. The movie theaters occupy spaces of 50,000 sq.ft. to 80,000 sq.ft. in power, lifestyle and town centers. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty, Inc.
Silverspot Cinema Mathew Focht c/o Sierra Realty Advisors 640 North LaSalle Boulevard, Suite 410 Chicago, IL 60654 312-254-0730 Email: mfocht@sierraus.com Web sites: www.sierraus.com and www.silverspotcinema.com
Entertainment The company operates one location in Naples, FL. The movie theater prefers to occupy spaces of 45,000 sq.ft. to 50,000 sq.ft. in mixed-use centers. Growth opportunities are sought nationwide, excluding CA and Miami, FL, during the coming 18 months, with representation by Sierra Realty Advisors.
Wehrenberg Theatres John Mitchell 12800 Manchester Road St. Louis, MO 63131 314-822-4520 Ext. 120, Fax 314-822-8032 Email: johnmitchell@wehrenberg.com Web site: www.wehrenberg.com
Entertainment The 15-unit chain operates locations throughout IA, IL, MN and MO. The movie theaters occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations and lifestyle centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years.
Ben Moss Jewelers Western Canada, Ltd. dba Ben Moss Jewelers Merv Moknowed 300-201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3K6 204-988-0100, Fax 204-988-0148 Email: mervm@benmoss.com Web site: www.benmoss.com
Jewelry The 63-unit chain operates locations throughout Canada. The jewelry stores occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in malls. Growth opportunities are sought throughout Maritimes, Ontario and the greater Toronto area in Canada during the coming 18 months.
Reeds Jewelers, Inc. dba Reeds Jewelers Herbert Zimmer PO Box 2628 Wilmington, NC 28402 910-763-4669 Ext. 202, Fax 910-762-1999 Email: herbertzimmer@zdc.com Web site: www.reeds.com
Jewelry The 67-unit chain operates locations throughout AL, DE, FL, GA, KY, LA, MD, MI, MS, NC, OK, PA, SC, TN, TX, VA and WV. The jewelry stores occupy spaces of 1,500 sq.ft. to 5,000 sq.ft. in regional malls and lifestyle centers. Plans call for one opening within the existing markets during the coming 18 months. Typical leases run 10 years. Preferred cotenants include fashion retailers.
Ultra Diamonds, Inc. dba Ultra Diamond Frank Schmidt 166 Tara Lane Goodlettsville, TN 37072 312-560-7186, Fax 615-851-2630 Email: fjs-assoc@comcast.net Web site: www.ultradiamonds.com
Jewelry The 200-unit chain operates locations nationwide throughout 32 states. The fine jewelry stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in airports, casinos and outlet, tourist and value centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with five-year options. A vanilla shell is required.
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Lead Sheet Leather World Michael Noymeyer 30-A Langley Road Newton, MA 02459 617-332-6519, Fax 617-332-8864
Luggage The four-unit chain operates locations throughout MA. The stores, offering luggage, leather goods and gift items, occupy spaces of 1,750 sq.ft. in specialty, strip and tourist centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with five-year options. Specific improvements are required. Preferred cotenants include upscale retailers and Lord & Taylor.
Sam Ash Music Corp. dba Sam Ash Music Jerome Ash 278 Duffy Avenue Hicksville, NY 11801 516-932-6400, Fax 516-938-1437
Music The 46-unit chain operates locations throughout AZ, CA, CT, FL, GA, IL, IN, NC, NJ, NV, NY, OH, PA, TN, TX and VA. The stores, offering musical instruments, sound systems and recording equipment, occupy spaces of 18,000 sq.ft. to 22,000 sq.ft. in freestanding locations, malls and power centers. Growth opportunities are sought throughout TX during the coming 18 months. Typical leases run 10 years with five-year options. A vanilla shell is required. Preferred cotenants include Best Buy. Preferred demographics include a population of one million within 10 miles earning $70,000 as the average household income.
Hour Eyes Josh Weiner or John Marigliano c/o Renaud Consulting 8605 Westwood Center Drive, Suite 309 Vienna, VA 22182 571-765-4430/4423 Emails: jweiner@renuadconsulting.net and jmarigliano@renaudconsulting.net Web site: www.houreyes.com
Optical The 20-unit chain operates locations throughout VA and Washington, DC. The stores, offering eyeglasses, contact lenses and eyewear accessories, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in various types of spaces. Growth opportunities are sought throughout the Washington, DC metropolitan area during the coming 18 months, with representation by Renaud Consulting on behalf of a franchisee.
Clarks Farron Roboff c/o Fairfield Retail Partners 88 Ryders Lane Stratford, CT 06614 203-870-8200, Fax 203-870-8201 Email: froboff@fairfieldretail.com Web sites: www.clarks.com and www.fairfieldretail.com
Shoes The 250-unit chain operates locations nationwide and throughout Puerto Rico. The stores, offering men’s, women’s and children’s footwear, occupy spaces of 2,500 sq.ft. in lifestyle centers and street fronts in suburban areas. Growth opportunities are sought throughout Fairfield County, CT and Westchester County, NY during the coming 18 months, with representation by Fairfield Retail Partners.
Genesco, Inc. dba Johnston & Murphy Factory Store David Stuck 1415 Murfreesboro Road, Suite 606 Nashville, TN 37217 615-367-8011, Fax 615-367-7323 Email: dstuck@genesco.com Web site: www.genesco.com
Shoes The 45-unit chain operates locations throughout AL, CA, CO, CT, FL, GA, IL, MA, MD, MI, MO, NJ, NV, NY, OH, PA, SC, TN, TX, UT, VA, WA and WI. The shoe stores occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in outlet centers. Plans call for 15 openings nationwide during the coming 18 months.
Health Shoes Plus, Inc. dba Happy Feet Plus and Birkenstock Jacob Wurtz 465 Clearwater Largo Road North Largo, FL 33770 727-538-1111, Fax 727-518-9769 Email: jacob@happyfeet.com Web site: www.happyfeet.com
Shoes The nine-unit chain operates locations throughout Tampa Bay, Sarasota, Ft. Meyers and Ellenton, FL. The stores, offering health and wellness specialty footwear for men and women, occupy spaces of 1,500 sq.ft. to 2,400 sq.ft. in lifestyle, outlet and power centers. Growth opportunities are sought throughout Naples, New Tampa, Orlando, Sarasota and northern FL during the coming 18 months. Typical leases run five years with five-year options. A vanilla shell is required. Preferred cotenants include upscale retailers. Preferred demographics include a population of 250,000 within three miles earning $75,000 as the average household income.
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Lead Sheet Shoe Fly Shoe, Inc. dba Irving Shoes, Glicks Shoe and Shoe Fly Stores Todd Lewis PO Box 26 Tyrone, PA 16686 814-684-6040, Fax 814-684-6097 Email: todd@shoeflyshoe.com
Shoes The seven-unit chain operates locations throughout NY and PA. The shoe stores occupy spaces of 6,000 sq.ft. in strip centers. Plans call for one or two openings within PA during the coming 18 months. Typical leases run five years.
Steve Madden David Friedman c/o Robert K. Futterman & Associates Three Embarcadero Center, 7th Floor San Francisco, CA 94111 415-248-1150 Email: dfriedman@rkf.com Web site: www.stevemadden.com
Shoes The 95-unit chain operates locations throuhout Phoenix and Scottsdale, AZ; southern and Los Angeles County, CA; FL; Las Vegas, NV; the New York, NY metropolitan area and Austin, Dallas, Houston and San Antonio, TX. The shoe stores occupy spaces of 2,200 sq.ft. in outlet centers and 1,300 sq.ft. to 1,500 sq.ft. in regional malls. Plans call for more than 10 openings annually throughout the existing markets, with representation by Robert K. Futterman & Associates.
Premiere Tan dba Palm Beach Tan Chris Birdsong 2941C Zelda Road Montgomery, AL 36106 334-271-5757 Ext. 205, Fax 334-271-5702
Specialty The 19-unit chain operates locations throughout AL. The tanning salons occupy spaces of 2,800 sq.ft. to 3,200 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. Preferred cotenants include Target, T.J. Maxx and grocery stores. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income.
Hickory Farms, Inc. dba Hickory Farms Kendyle Peters 1505 Holland Road / PO Box 219 Maumee, OH 43537 419-893-7611, Fax 419-893-0164 Web site: www.hickoryfarms.com
Temporary Tenant The company operates locations nationwide and throughout Canada. The stores, offering food gift packages, cheeses, candies, meats and specialty food items, occupy spaces of 200 sq.ft. to 2,500 sq.ft. in malls and power and specialty centers. Growth opportunities are sought nationwide. Typical leases run six to eight weeks from November to December. Kiosk locations are 200 sq.ft. and store front locations are 700 sq.ft. to 2,500 sq.ft.
Hans Christian Toy Stores, Ltd. dba Hans Christian Toys Greg Borys 30 Paramount Road Winnipeg, Manitoba, Canada R2X 2W3 204-633-9776
Toys The company operates one location in Manitoba, Canada. The toy store prefers to occupy spaces of 1,200 sq.ft. to 1,700 sq.ft. in malls. Limited growth opportunities are sought throughout the existing market during the coming 18 months.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. page 14
April 8, 2011
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Lake Elsinore – Mission Trail Shopping Center, located along Mission Trail, has anchor space available from 25,000 sq.ft. to 32,000 sq.ft. along with spaces from 900 sq.ft. to 6,116 sq.ft. and a 4,002 sq.ft. pad site. Area draws include Trevi Entertainment Center and Lake Elsinore Storm Stadium. Temecula – Winchester Marketplace, located at the intersection of Winchester Road and Ynez Road, has spaces available from 975 sq.ft. to 3,418 sq.ft. Area retail includes The Promenade Mall. The average daily traffic count is 74,722 vehicles. Also, Rancho Temecula Center, located along Jefferson Avenue, has spaces available from 682 sq.ft. to 3,890 sq.ft. The monthly asking rent starts at $0.99 psf. For details regarding the Lake Elsinore property, contact Andrew McLean or Mike Hanna, Lee & Associates Temecula Valley, 25240 Hancock Ave, Suite 100, Murrieta, CA 92562; 951-445-4521/4503; Emails: amclean@lee-associates.com and mhanna@lee-associates.com; Web site: www.lee-associates.com. For details regarding Winchester Marketplace, contact Brian Bielatowicz, Ted Rivenbark or Jake Irion; 951-445-4515/4512/4519; Emails: bbielatowicz@lee-associates.com, trivenbark@lee-associates.com and jirion@lee-associates.com. For details regarding Rancho Temecula Center, contact Laura Menden or Lalli Guerrero; 951-445-4509/4522; Emails: lmenden@lee-associates.com and lgurrero@lee-associates.com.
801 sq.ft. to 2,000 sq.ft. Cotenants include Ace Hardware. Monroe – A 33,000 sq.ft. center located along Main Street has spaces available from 2,001 sq.ft. to 3,500 sq.ft., including a 3,434 sq.ft. former Blockbuster Video. Cotenants include Rite Aid and People’s Bank. For details, contact Michael Berke, Oxford Real Estate Services Group, 388 East Main Street, Branford, CT 06405; 203-483-2900, Fax 203-483-2999; Email: oxfordre@aol.com.
WaMu, Ruby Tuesday, Simply Fashions and Blockbuster Video. West Palm Beach – Baywinds, located at the intersection of Okeechobee Boulevard and State Route 7, has a 4,000 sq.ft. freestanding building available. Cotenants include McDonald’s, Wachovia, Walgreens and SunTrust Bank. Also, West Palm Shopping Center, located at the intersection of Forest Hill Boulevard and South Military Trail, has a 7,000 sq.ft. outlot available along with a 2,200 sq.ft. former Jiffy Lube. Sears Essentials anchors the center and cotenants include WaMu and Payless ShoeSource. For details regarding the Delray Beach and Miami properties, contact Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015; Fax 954-568-9597; Email: steve@rotellagroup.com; Website: www.rotellagroup.com. For details regarding Shoppes at 18th & Commercial and the Lauderhill, North Lauderdale and Pompano Beach properties, contact Jeff Kalil; Email: jeff@rotellagroup.com. For details regarding Southland Shopping Center and the Margate property, contact Dan Coyle; Email: dan@rotellagroup.com. For details regarding Baywinds, contact Bill Pace; Email: wrp@rotellagroup.com. For details regarding West Palm Shopping Center, contact Bill Pace or Dan Coyle.
Sherman Oaks – A 24,890 sq.ft. freestanding building situated on 0.79 acres along Ventura Boulevard is available. Area retail includes Walmart, Big Kmart, Sears, Macy’s, Toys “R” Us, Lowe’s Home Improvement and Sam’s Club. The asking rent is $29 psf NNN. Yorba Linda – A 25,000 sq.ft. freestanding building situated on 3.9 acres along Old Canal Road is available. Area retail includes Kohl’s, Costco, Staples, Best Buy, Target, Dick’s Sporting Goods and Home Depot. The asking rent is $19.50 psf NNN. For details, contact Lee Cherney, Matthew Makler or Steven Sandelman, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-546-7767 Ext. 111/118/104; Emails: lcherney@kinproperties.com, mmakler@kinproperties.com and ssandelman@kinproperties.com.
Connecticut Middletown – A 48,000 sq.ft. center located along Main Street has spaces available from page 16
April 8, 2011
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Florida Delray Beach – Tropic Square, located along South Federal Highway, has spaces available from 879 sq.ft. to 2,328 sq.ft. Cotenants include FedEx Office, Dunkin’ Donuts and Metro PCS. Ft. Lauderdale – Shoppes at 18th & Commercial, located at the intersection of East Commercial Boulevard and Northeast 18th Avenue, has a divisible 25,250 sq.ft. anchor space available. Staples and CVS anchor the center and cotenants include Boston Market and Sally Beauty Supply. Also, Southland Shopping Center, located along State Road 84, has a 6,000 sq.ft. space available. Cotenants include Winn-Dixie, Big Lots, Bealls Outlet, CitiTrends, Firestone Tires, Dollar Tree and Payless ShoeSource. Lauderhill – Babies “R” Us Plaza, located at the intersection of Commercial Boulevard and University Drive, has a 9,800 sq.ft. space available along with potential anchor spaces of 22,772 sq.ft. and 23,500 sq.ft. Cotenants include Staples, Babies “R” Us, Party City, Dollar General, CitiTrends, Payless ShoeSource, Verizon Wireless and Hook Fish & Chicken. Margate – Trizek Village Shopping Center, located along North State Road 7, has a 6,300 sq.ft. space available. Cotenants include Dunkin’ Donuts, Quoc Thatch Market, Famous MKT Deli and Domino’s Pizza. Miami – Airport Plaza Shopping Center, a 177,745 sq.ft. center, has an 81,769 sq.ft. former Home Depot Expo available. Cotenants include Publix, Office Depot, Starbucks and AT&T Mobility. North Lauderdale – Cypress Lakes Towne Center, located at the intersection of Highway 441/State Route 7 and Boulevard of Champions, has a 10,500 sq.ft. junior anchor space available. Cotenants include Home Depot, Publix, Burger King, WaMu, Legend Tax Service, Diamond Cut Barger Shop and China Chef Restaurant. Pompano Beach – Palm Air Marketplace, located at the intersection of North Powerline Road and West Atlantic Boulevard, has a 9,823 sq.ft. junior anchor space available. Cotenants include Winn-Dixie, CVS, Dollar Tree,
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North Lauderdale – Shoppes of McNabb, a 105,000 sq.ft. specialty center located at the intersection of McNabb Road and 81st Avenue, has spaces available from 1,200 sq.ft. to 4,800 sq.ft. Broward Meat and Fish anchors the center and cotenants include Papa John’s, Subway, Family Dollar, Pollo Tropical and U.S. Postal Service. The average daily traffic count is more than 38,000 vehicles. The asking rent ranges from $18 psf to $22 psf NNN with CAM of $6 psf. Pembroke Pines – Tanglewood Plaza, a 6,243 sq.ft. neighborhood shopping center located along Pines Boulevard, has spaces available from 900 sq.ft. to 1,320 sq.ft. along with a 6,537 sq.ft. outlot. Cotenants include Starbucks. Area demographics include a population of 151,086 within three miles earning $68,471 as the average household income. The average daily traffic count is 53,000 vehicles. The asking rent ranges from $16 psf to $18 psf NNN. Sunrise – Sunrise Shoppes, a 48,058 sq.ft. neighborhood shopping center located along North University Drive, has spaces available from 900 sq.ft. to 3,600 sq.ft. Cotenants include Skyline Chili, Metro PCS, Red Wing Shoes, Signs Now and Correo Postal Center. Area retail
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Illinois
includes Home Depot. Area demographics include a population of 181,489 within three miles earning $59,112 as the average household income. The average daily traffic count is 61,000 vehicles. The asking rent is $14.00 psf NNN. Also, Windward Isle Plaza, a 17,185 center located along West Oakland Park Boulevard, has a 1,037 sq.ft. space available. Cotenants include Nextel Wireless, Mr. Grocer, Inn-Field Pub and JB’s Rib Crib. Area retail includes Sawgrass Mills Mall. Area demographics include a population of 96,557 within three miles earning $66,395 as the average household income. The average daily traffic count is more than 40,000 vehicles. The asking rent is $30 psf. For details, contact Timothy Neal, Neal Realty & Investments, Inc., 3300 North Federal Highway, Suite 250, Ft. Lauderdale, FL 33306; 954-568-0530; Email: tim@nealrealty.com; Web site: www.nealrealty.net.
Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5632/5610; Emails: msmetana@edgemarkllc.com and mwesley@edgemarkllc.com. For details regarding the Lemont property, contact Sara Chaiken, Mark Fredericks or Les Kristof; 630-572-5617/5613/5607; Emails: schaiken@edgemarkllc.com, mfredericks@edgemarkllc.com and lkristof@edgemarkllc.com. For details regarding the remaining properties, contact Mike Wesley or Joanne Sutryk; 630-5725609; Email: jsutryk@edgemarkllc.com.
Chicago – Albany Square Shopping Center, a neighborhood shopping center located along North Pulaski Road, has spaces available of 1,143 sq.ft. and 2,900 sq.ft. along with a divisible endcap space of 7,440 sq.ft. Cotenants include Little Caesar’s, Subway, Cricket Communications, First American Insurance, Chen’s Garden, L&J Nails, Hair by Mario and Dollar Stop. For details, contact Gwen Callans, Atlas Partners, LLC, 55 East Monroe Street, Suite (continued on page eighteen)
Illinois Bolingbrook – Boughton Plaza, located at the intersection of Boughton Road and Weber Road, has a 5,500 sq.ft. former Blockbuster Video available. Cotenants include Petco, Dunkin’ Donuts and Pearle Vision. Chicago – North Mayfair Commons, an 87,270 sq.ft. center located at the intersection of Pulaski Road and Foster Avenue, has a 6,000 sq.ft. former Blockbuster Video available. JewelOsco anchors the center and cotenants include Subway, H&R Block, Pizza Hut, FedEx Office and Borics. Glendale Heights – Plaza Westlake, located at the intersection of Army Trail Road and Bloomingdale Road, has a 6,500 sq.ft. former Blockbuster Video available. Jewel-Osco anchors the center and cotenants include Jimmy John’s, Great Clips and Check N Go. Hoffman Estates – Hoffman Village, located at the intersection of Golf Road and Barrington Road, has a 3,350 sq.ft. former Blockbuster Video available. Dominick’s anchors the center. Lemont – Centennial Plaza, located at the intersection of 127th Street and State Street, has space available from 1,000 sq.ft. to 6,500 sq.ft. Jewel-Osco, Hallmark and Hair Cuttery anchor the center. Naperville – Wheatland Marketplace, located at the intersection of 95th Street and Route 59, has a 5,142 sq.ft. former Blockbuster Video available. Orland Park – A 4,800 sq.ft. former Blockbuster Video located at the intersection of 179th Street and Wolf Road is available. Area retail includes Jewel-Osco. For details regarding the Bolingbrook and Chicago properties, contact Matt Smetana or Mike Wesley, Edgemark Commercial Real www.dealmakers.net
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2910, Chicago, IL 60603; 312-516-5705; Email: gwen@atlaspartners.com; Web site: www.atlaspartners.com. Evanston – Main Street Marketplace, located at the intersection of Main Street and McCormick Road, has spaces available of 2,139 sq.ft.; 3,500 sq.ft. and 3,875 sq.ft. Sam’s Club, Food 4 Less and Marshalls anchor the center. Cotenants include Starbucks, Sarpino’s Pizzeria, Wing Stop, Cost Cutters and Little Wok. Area demographics include a population of 565,117 within five miles earning $85,934 as the average household income. The average daily traffic count is 43,000 vehicles. The asking rent ranges from $17 psf to $23 psf NNN. For details, contact Tony Kahan or Richard Kahan, KB Real Estate, Inc., 790 Frontage Road, Suite 315, Northfield, IL 60093; 847-441-4424/4425; Emails: tkahan@kbrealestate.com and rkahan@kbrealestate.com; Web site: www.kbrealestate.com.
Indiana New Albany – An 11,520 sq.ft. center located along Charlestown Road has space available. Cotenants include Little Caesar’s, True Colors, Old Mill Wine & Spirits, Supercuts and H&R Block. For details, contact Tiffanie Fitzpatrick, Robbins Properties, 2200 21st Avenue South, Nashville, TN 37212; 615301-6571, Fax 615-301-6574; Email: tfitzpatrick@robbins-properties.com; Web site: www.robbins-properties.com.
Kentucky Middleton – An 18,169 sq.ft. center located along Shelbyville Road has space available. Cotenants include Golf Headquarters, Sherwin-Williams, Jackson Hewitt, City Nails, MAJ Cleaners and Kid O’ Cuts. For details, contact Tiffanie Fitzpatrick, Robbins Properties, 2200 21st Avenue South, Nashville, TN 37212; 615301-6571, Fax 615-301-6574; Email: tfitzpatrick@robbins-properties.com; Web site: www.robbins-properties.com.
Maryland Olney – Shoppes of Olney, located at the intersection of Spartan Road and Route 108, has a divisible space of 4,600 sq.ft. available. Cotenants include Unleashed, Café Rio, CVS, Vie de France, Hair Cuttery and Starbucks. page 18
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Area demographics include a population of 118,790 within five miles earning $91,535 as the median household income. The average daily traffic count is 25,881 vehicles. For details, contact Jared Meier or Marc Ratner, Streetsense, 4600 East West Highway, Suite 800, Bethesda, MD 20814; 240-479-7195/7209; Web site: www.streetsense.com.
bcallahan@keypointpartners.com; Web site: www.keypointpartners.com. For details regarding the Plaistow property, contact Don Mace; 781-418-6243; Email: dmace@keypointpartners.com.
Massachusetts Westwood – The Shoppes at 721 High Street, a 19,000 sq.ft. mixed-use neighborhood shopping center located along High Street/ Route 109, has a divisible 10,000 sq.ft. space available. For details, contact Scott Moriyama, Conviser Property Group, 858 Washington Street, Dedham, MA 02026; 781-320-0600 Ext. 4; Email: scott@conviserpg.com; Web site: www.conviserpg.com.
New Hampshire Bedford – Stop & Shop Plaza, a 97,000 sq.ft. center located at the intersection of Kilton Road and Route 3/South River Road, has a 2,000 sq.ft. space available. Stop & Shop anchors the center and cotenants include HomeGoods and Supercuts. Area demographics include a population of 138,262 within five miles earning $75,480 as the average household income. The average daily traffic count is 27,000 vehicles. Derry – Derry Meadows Shoppes, a 126,120 sq.ft. center located along Route 28/Manchester Road, has spaces available from 1,420 sq.ft. to 23,820 sq.ft. along with a seven-acre outlot. Hannaford anchors the center and cotenants include Burger King, TD Banknorth, Hair Cuts Plus, Dollar Tree, Happy Nails, La Carreta, Burgundy’s Billiards, Romano’s Pizza, Firefly Salonspa, GameStop, The UPS Store and Derry Five Star Cinema. Area demographics include a population of 94,504 within seven miles earning $93,485 as the average household income. The average daily traffic count is 18,000 vehicles. Plaistow – Shaw’s Plaza, located along Route 125, has a 48,000 sq.ft. space available for sublease. Area demographics include a population of 151,927 within seven miles earning $84,324 as the average household income. The average daily traffic count is 27,000 vehicles. For details regarding the Bedford and Derry properties, contact Brian Callahan, KeyPoint Partners, LLC, One Burlington Woods Drive, Burlington, MA 01803; 781-418-6226, Fax 781-229-2823; Email:
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New Jersey Basking Ridge – Liberty Corner Shopping Center, a 60,506 sq.ft. center located along Allen Road, has two spaces of 1,060 sq.ft. available along with a 7,250 sq.ft. space. Cotenants include Ivy Leaf Academy, Rite Aid, Chu’s Cafe, Village of Highlands Cleaners, Skylands Community Bank, Dunkin’ Donuts, Veneto Gourmet Deli & Pizza, Fitness Together, Kaleidoscope Hair & Body Artistry, The Wine Rack, Dental Arts Vision and U.S. Postal Service. The average daily traffic count is 7,033 vehicles. The asking rent is $28 psf NNN for the 1,060 sq.ft. spaces and $24 psf NNN for the 7,250 sq.ft. space. Bernardsville – A freestanding 4,898 sq.ft. Welsh Service & Tire Center located along Morristown Road is available. The space also includes an 0.13acre parcel. Area retail includes Gary’s Wine Cellars, Equus, PN Bank, Diehl’s Jewelers, Peapack-Gladstone Bank, Bank of Somerset Hills, Kings Supermarket, ShopRite and Monterey Gourmet. The average daily traffic count is 9,872 vehicles. The asking rent is $20 psf NNN. Flemington – Speedway Plaza, an 18,000 sq.ft. two-building strip center situated on two acres along Route 31, has a 1,600 sq.ft. space available. Cotenants include AutoZone, Triangle Repro Center, Shiki Japanese Gourmet, Roma Pizza, TopLine Nail Salon and Just Subs. The asking rent is $17 psf NNN with CAM, taxes and insurance of $5.69 psf. For details, contact Peter Wisniewski, Coldwell Banker Commercial|Feist & Feist Realty Corp., 180 Mt. Airy Road, Suite 200, Basking Ridge, NJ 07920; 908-696-1500 Ext. 15; Email: pwisniewski@cbcworldwide.com. Delran – Millside Plaza, located at the intersection of U.S. Highway 130 and Haines Mill Road, has a 20,006 sq.ft. space available. Target shadow-anchors the center and cotenants include Rite Aid, Sleepy’s and PetSmart. Area demographics include a population of 240,167 within five miles earning $79,307 as the average household income. The average daily traffic count is 50,420 vehicles. For details, contact Jarett Parker, Kimco Realty, 170 West Ridgely Road, Suite 210, Lutherville, MD 21093; 410-427-4430; Email: jparker@kimcorealty.com; Web site: www.kimcorealty.com. (continued on page twenty)
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.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and online TenantSearch users receive 5 to 25 leads daily via email. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and retail uses you desire, and within seconds you’ll have a list of prospective tenants for your location.
Call 1-800-732-5856 or visit our Web site at www.tenantsearch.com
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Franklin Lakes – Franklin Crossing, an 87,673 sq.ft. center located along Franklin Avenue, has spaces available of 1,234 sq.ft.; 1,250 sq.ft. and 2,106 sq.ft. Stop & Shop anchors the center and cotenants include The Soccer Post, Coldwell Banker, Stage Loft, Parian & Sons Jewelers, Cartridge World, Vincent Vanzandt Salon, Sharon’s Nails, Taste of Tuscany, AT&T Mobility, Weight Watchers, Spotless Cleaners, Sushi Cocoro, J&S Sports Gallery and GameStop. Area demographics include a population of 145,246 within five miles earning $151,049 as the average household income. Lawrence – A 27,600 sq.ft. center located along Brunswick Pike has spaces available of 4,750 sq.ft. and 18,077 sq.ft. Cotenants include Citibank. Area retail includes Quakerbridge Mall. Area demographics include a population of 117,892 within five miles earning $132,009 as the average household income. Wyckoff – Boulder Run Shopping Center, a 175,000 sq.ft. center located along Godwin Avenue between Franklin Avenue and Greenwood Avenue, has spaces available from 1,525 sq.ft. to 15,540 sq.ft. Stop & Shop and Marshalls anchor the center. Cotenants include Starbucks, McDonald’s, Blockbuster Video, Angel Tips, Kid’s Stuff, Verizon Wireless, GNC, Portraits in Hair, Pet Valu, Blue Moon, Ayoyama Japanese/Thai, Stride Rite and Wyckoff Martial Arts. Area demographics include a population of 179,761 within five miles earning $158,775 as the average household income. For details regarding the Franklin Lakes property, contact Craig Kerbekian, Hekemian, 505 Main Street, Hackensack, NJ 07601; 201-487-1500 Ext. 113, Fax 201487-7881; Email: ckerbekian@hekemian.com; Web site: www.hekemian.com. For details regarding the Lawrence and Wyckoff properties, contact David B. Hekemian; 201-487-1500 Ext. 109; Email: dhekemian@hekemian.com.
New York Amityville – A divisible 23,300 sq.ft. space located along North Broadway is available. The average daily traffic count is 33,000 vehicles. Centerreach – A 19,200 sq.ft. space located along Middle Country Road is available. Area retail includes Walmart and Centerreach Mall. The average daily traffic count is over 40,000 vehicles. Long Island City – A divisible 9,000 sq.ft. space located along Queens Plaza South is available. The average daily traffic count is over 135,000 page 20
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New York
New York
vehicles. Patchogue – A divisible 53,500 sq.ft. space located along Sills Road is available. Area retail includes Lowe’s Home Improvement. Area draws include Brookhaven Memorial Hospital. For details, contact Igal A. Nassim, Mason Asset Management, Inc., 1000 Northern Boulevard, Suite 375, Great Neck, NY 11021; 516-371-5858; Email: igal@masonam.com.
212-223-2200, Fax 212-223-0004; Emails: cory@zelnikco.com and adam@zelnikco.com; Web site: www.zelnikco.com.
Bronx – A building located along Third Avenue between East 155th Street and 156th Street has a 1,200 sq.ft. groundfloor space available. Area retail includes Domino’s Pizza, Forman Mills, Rite Aid, Staples, Creative Furniture and Subway. Area demographics include a population of 50,000 within 0.5 miles earning $35,000 as the average household income. For details, contact Alex Hill, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2655, Fax 212-792-2660; Email: ahill@winick.com; Web site: www.winick.com. Brooklyn – A building located along Nostrand Avenue between Montgomery Street and Sullivan Street has divisible ground-floor spaces of 1,980 sq.ft. and 6,977 sq.ft. available along with a 4,000 sq.ft. basement space. Area retail includes Associated Supermarket. The asking rent is $45 psf. Also, a 1,377 sq.ft. space located along Sheepshead Bay Road between Avenue Z and East 15th Street is available. The asking rent is $83 psf. For details regarding the Nostrand Avenue property, contact Ellaina Dreifach or Benjamin Fox, Massey Knakal Realty Services, 275 Madison Avenue, Third Floor, New York, NY 10016; 212-6607702/7701, Fax 212-696-0333; Emails: edreifach@masseyknakal.com and bfox@masseyknakal.com; Web site: www.masseyknakal.com. For details regarding the Sheepshead Bay Road property, contact Ellaina Dreifach or Brian Hanson; 718-606-7069; Email: bhanson@masseyknakal.com. New York – A building located along East 56th Street between Lexington Avenue and Third Avenue has a divisible 2,000 sq.ft. groundfloor space available along with a 1,200 sq.ft. basement space. Area retail includes Bumble & Bumble, Atlantic Bank, Sprint, Gymboree, Johnny Rockets, T.G.I. Friday’s, Filles Et Garcons Salon, Chase Bank and The Original Soupman. For details, contact Cory G. Zelnik or Adam Langer, Zelnik & Co., LLC, 424 Madison Avenue, New York, NY 10017;
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Port Jervis – Port Plaza, a 90,000 sq.ft. center, has spaces available of 1,200 sq.ft. and 5,000 sq.ft. along with a 46,000 sq.ft. anchor space. Cotenants include Rite Aid, Dollar General, Burger King, Play N Trade, Brother Bruno’s Pizza and #1 Nails. For details, contact David Perlmutter, Perlmutter Properties, Inc., 4 West Red Oak Lane, Suite 105, White Plains, NY 10604; 914-686-8900; Email: david@perlmutterproperties.com; Web site: www.perlmutterproperties.com.
Ohio Cincinnati – A 7,000 sq.ft. former Advance Auto situated on 1.227 acres along Interstate 75 is available. For details, contact Richard I. Geisenfeld, Capital Commercial Partners, 2305 Far Hills Avenue, Suite 210, PO Box 366, Dayton, OH 45409; 937-367-6656; Fax: 937-3534073; Email: rgeisenfeld@nnn1.com; Web site: www.nnn1.com.
Pennsylvania Exton – Exton Plaza, located along West Lincoln Highway, has a proposed pad site of 2,500 sq.ft. available. Area demographics include a population of 100,896 within five miles earning $113,181 as the average household income. For details, contact Nina Rogers, Kimco Realty, 6 Coulter Avenue, Suite 1000, Ardmore, PA 19003, 610-896-7560; Email: nrogers@kimcorealty.com; Web site: www.kimcorrealty.com. Hanover – South Hanover Shopping Center, a 175,634 sq.ft. center located along Baltimore Street, has spaces available from 1,104 sq.ft. to 3,408 sq.ft. along with a restaurant pad and a 3,500 sq.ft. bank pad site with a drive-thru. Giant anchors the center and cotenants include Planet Fitness. Area demographics include a population of 55,754 within five miles earning $65,706 as the average household income. For details, contact Dave Nicholson or Joseph R. Deerin, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Emails: dnicholson@lms-pma.com and jdeerin@lms-pma.com; Web site: www.lms-pma.com. (continued on page twenty-two)
d o o g g n i k o o l s i 201 Rep ortin g The Nat ion’ s Wee kly New s on XLIII Ret ailin g & Ret ail Rea l Esta te
Volume XXV No.
Apparel Chains Exp and
May 22-25, 2011 The Dealmakers May 27th issue
distributed at RECon The Global Retail Real Estate Convention in Las Vegas, NV, delivers your advertising message to the real decision makers. Our readers respond and our advertisers get results. SET THE STAGE Book appointments in advance by placing your ad in The Dealmakers May 13th pre-show issue, telling everyone you’re ready to make deals!
November 12, 2010
Nationwide
Eileen Fisher, Inc. FEaTuRiN trades as Eileen Fisher, g Fisher Co. Store, Eileen Fisher Boutiq Eileen Jos. A. Bank Clothiers, Inc. trades as Jos. Eileen Fisher Lab ue and Bank Clothie Store at 52 locatio ICSC Southeast Confe A. rs at 494 locations ns throughout AZ, CA, CO, CT, nationwide. The rence stores, offering men’s FL, IL, MA, MD, MI, NJ, NM, of apparel, occupy New Construction NY, OR, PA, VA, spaces 4,000 sq.ft. to 4,500 WA and Washington, Century Retail is sq.ft. in lifestyle stores, offering women DC. The special developing a and ty 375,000 centers and urban/ ’s apparel, occupy sq.ft. mixed-u of 1,000 sq.ft. to downtown areas. in Avondale Estates, se project 2,500 sq.ft. in upscal spaces Growth opportunities GA........... Pg. 3 are lifestyle centers and downtown areas. e malls, major metropolitan market sought throughout Observations & Convers opportunities are s nationwide during Growth the comin ations Pg. 4 sought nationwide g 18 months. Preferr during the includ coming 18 month ed demographics Profile s. e a population For more inform Real Estate Southea miles earning $90,00 of 150,000 within five st, LLC ....... Pg. ation, contact Karen 6 0 as the average househ Eileen Fisher, Inc., Gray, income. old Two Bridge Street, The company will Buyers & Sellers Irvington, in malls NY 10533; 914-59 also consider locatin Coyote GRF|Inv 1-5700, Fax 914-59 g and factory outlet estors, LLC Web site: www.e centers 1-8900 and . ; Garrison For more inform Investm ileenfisher.com. ation, contact Joe acquired six centers ent Group Jos. A. Bank Clothie throughout Foley, AL, GA and NC ............ rs, Inc., 500 Hanov American Eagle ........... Pg. 8 Hampstead, MD er Pike, Outfitters, Inc. 21074 trades as 443-50 ; 443-508-4871, American Eagle Thalhimer is selling Fax Outfitt 8-4799; Email: an 88,298 sq.ft. center in Richmon jfoley@jos-a-bank.co nationwide and throug ers at 950 locations Web d, VA .... Pg. 15 site: www.josbank m; hout Canada and .com. Rico. The stores, Puerto Openings offerin casual apparel, footwe g men’s and women’s Pretty Urban Outfitters Girl ar and accessories, to open in Memphis, TN ............ spaces of 6,500 occupy and NY. operates 20 locations throughout sq.ft. .............. Pg. 10 NJ The stores, offerin areas. Limited growth in malls and downtown appare g discounted juniors l, occupy spaces JCPenney to open ’ opportunities are three stores of 3,500 sq.ft. to nationwide during sought sq.ft. in during 15,000 2011........................ the outlet, strip, tourist ..... Pg. 12 company also trades coming 18 months. The as well and value centers , as as Food Retailers Expand nationwide and throug aerie at 128 locations are sought urban areas. Growth opportunities LaRosa’s plans to hout Canada. The throughout AL, IL, enter offering women stores, during NJ, NY and PA market ........................ the NC ’s intimate appare the coming ............. Pg. 13 l, spaces of 4,500 18 months, with sq.ft. in malls. Limited occupy representation by Eretz, Sources of Financin Ltd. Typical leases opportunities are growth 10 years. g sought nationwide run A vanilla shell is The Washington during the cotena coming 18 month required. Preferred provided financin Trust Co. s. nts include Target g and T.J. Maxx. Major For more inform centers in MA and for shopping competitors includ RI ............... Pg. ation, contact e Rainbow Shops, 16 Cortazzo, Americ Michael and Ross CitiTrends an Dress for Less. Exclusives 150 Thorn Hill Drive, Eagle Outfitters, Inc., For more Cypress Retail Group Warrendale, PA represents 724-779-5555, Fax 15095; Eretz, Ltd., information, contact Ellaina Dreifac retailers through th h, 724-779-5580; Web out 5916 select markets in CA ............ www.ae.com and sites: 646-457-9837 18 Avenue, Brooklyn, NY 11204; .............. Pg. 16 www.aerie.com. ; Email: ellaina@eretzltd .com. In
ThIs Issue coN TaIN
(continued on page
fourteen)
s INformaTIo * Retailers opera ting 31,381 locati N oN: ons with plans * Real estate value to open 2,246 d in excess of $80 sites million to be boug * Leasing activit ht, sold & finan y on over 4.9 millio ced n sq.ft. of retail properties
Important News Please Expedite
Postmaster: Period
ical
the News Newmark Knight Cynthia Groves Frank hired managing director, as senior consulting.... Pg. 17
Lease Signings S.L. Nusbaum negotiated leases
Realty Co. throughout VA Pg. 18 Lead Sheet Card$mart seeking stores nationwide ............ .................. Pg. 19 Shoe Sensation to open locations throughout AR, IA, MI, OH, PA, TN and IL, IN, KY, WV ......... Pg. 22 Space Place ............ ................. Pg. 23 Most Valuable Players ............. Pg. 30
For more news go www.dealmakers. to: net Mobile Access Code: 111210_CS3.indd
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10/22/2010 10:38:53 AM
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Space Place Texas
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San Antonio – Vineyard Shopping Center, located at the intersection of Blanco Road and Loop 1604, has a 45,962 sq.ft. freestanding former Lacks available. SuperTarget, Bealls, Office Depot, Whole Foods Market and Conn’s anchor the center. Cotenants include Compass Bank, Gabriel’s, Sally Beauty Supply, Panera Bread, Chipotle and Payless ShoeSource. Area demographics include a population of 174,136 within five miles earning $103,405 as the average household income. The average daily traffic count is 161,000 vehicles. For details, contact Thomas Tyng, Reata Real Estate Services, LP, 7330 San Pedro Avenue, Suite 710, San Antonio, TX 78216; 210-930-4111; Email: ttyng@reatares.com; site: www.reatarealestate.com. San Antonio – Northeast 410 Plaza, a 75,104 sq.ft. center located along Northeast Loop 410, has spaces available from 3,600 sq.ft. to 20,378 sq.ft. Academy Sports anchors the center. The asking rent ranges from $9.00 psf to $13.00 psf with NNN fees of $2.50 psf.
Texas
Texas
For details, contact Kevin Manner, Casey R. Kopecky or Charles Hoyer, UCR Realty, 1901 Northwest Military Highway, Suite 200, San Antonio, TX 78213; 210-979-9700; Web site: www.ucrrealty.com.
Inc.; 210-826-0036 Ext. 29; Email: beverly@rfmcommercial.com; Web site: www.rfmcommercial.com. For details regarding the North Loop 1604 East property, contact Dick McCaleb; 210-826-0036 Ext. 23; Email: dick@rfmcommercial.com.
San Antonio – Blanco North, located along Blanco Road, has spaces available of 1,404 sq.ft. and 2,246 sq.ft. Cotenants include Medlar’s, Ink Spot, Bike City, Active Sportswear Outlet, Los Agaves, Bayseas, Salon Bella, Elizabeth’s Day Spa, Demo’s Kitchen, Too Good To Be Threw and Salon de Frisk. The asking rent is $15 psf with CAM of $3.78 psf. Also, a center located at the intersection of North Loop 1604 East and Highway 281 has spaces available of 1,121 sq.ft.; 1,400 sq.ft. and 2,400 sq.ft. Cotenants include Osaka Japanese Restaurant, InkSell, Kid to Kid, Sprint, Fashion Nails and Five Guys Famous Burgers and Fries. Area retail includes Costco and Walmart. The average daily traffic count is over 90,000 vehicles. The asking rent is $24 psf for the 2,400 sq.ft. space and $28 psf for the 1,121 sq.ft. space. For details regarding Blanco North, contact Beverly R. Barshop, RFM Commercial,
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Virginia Dumfries – Princeton Woods, a 47,932 center located at the intersection of JeffersonDavis Highway/Route 1 and Pine Bluff Drive, has spaces available from 3,001 sq.ft. to 4,800 sq.ft. along with outlots of 1.29 acres and 1.66 acres. Bottom Dollar Food, Applebee’s, Ruby Tuesday, Blockbuster Video and Dollar Tree anchor the center. Area retail includes Walmart. Area demographics include a population of 118,709 within five miles earning $83,979 as the average household income. The average daily traffic count is 44,000 vehicles. For details, contact Henry M. Renaud, Renaud Consulting, 8605 Westwood Center Drive, Suite 309, Vienna, VA 22182; 703-4638013; Email: henry@renaudconsulting.net; D M Web site: www.renaudconsutling.net.
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