Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XV
April 15, 2011
Home-Related Chains Expand Nationwide Ace Hardware Corp. trades as Ace Hardware at 4,600 locations nationwide and internationally. The hardware stores occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations and endcaps of neighborhood shopping centers. Growth opportunities are sought throughout AL, AR, FL, GA, southern IL, KS, KY, LA, MO, MS, OK, TN, TX and WV during the coming 18 months. Typical leases run 10 years with options. A land area of more than 1.3 acres is required for freestanding locations. The company will consider new construction opportunities. For more information, contact Shawn Robertson, Ace Hardware Corp., 380 Dahlonega Street, Suite 212, Cumming, GA 30040; 770205-2881; Email: srobe1@acehardware.com; Web site: www.myace.com. Haverty Furniture Cos., Inc. trades as Haverty’s Furniture at 120 locations throughout AL, AR, FL, GA, IN, KS, KY, LA, MD, MO, MS, NC, OH, SC, TN, TX and VA. The home furnishings stores occupy spaces of 30,000 sq.ft. to 35,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout MD, NC, OK, SC, TX and VA during the coming 18 months. A land area of three to four acres is required for freestanding locations. For more information, contact Jeffrey Etherton, Haverty Furniture Cos., Inc., 780 Johnston Ferry Road, Suite 800, Atlanta, GA 30342; 404-443-2900, Fax 404-443-4176; Web site: www.havertys.com.
Menard, Inc. trades as Menards at more than 250 locations throughout IA, IL, IN, MI, MN, MO, ND, NE, OH, SD, WI and WY. The home improvement stores occupy spaces of 200,000 sq.ft. to 250,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months. Preferred cotenants include Meijer, Target and Walmart. Preferred demographics include a population of 100,000 within 10 miles. Major competitors include Home Depot and Lowe’s Home Improvement. The company prefers site submittals to be sent via the Web site. For more information, contact Menard, Inc., 5101 Menard Drive, Eau Claire, WI 54703; 715-876-2532, Fax 715-876-5998; Email: properties@menard-inc.com; Web site: www.menardsrealestate.com. Mattress Factory operates 15 locations throughout NJ and NY. The stores, offering mattresses, box springs and related items, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding locations and power centers. Plans call for two to four openings throughout NJ during the coming 18 months, with representation by Jeffery Realty, Inc. For more information, contact Bill Farkas, Jeffery Realty, Inc., 116 Route 22 East, North Plainfield, NJ 07060; 908-668-9600, Fax 908668-5225; Email: bfarkas@jefferyrealty.com; Web site: www.jefferyrealty.com. (continued on page sixteen)
This issue contains information on:
* Retailers operating 64,613 locations with plans to open 5,850 sites * Real estate valued in excess of $93.3 million to be bought, sold & financed * Leasing activity on over 3.4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Retailer One on One New Construction Carolina Holdings, Inc. is preleasing a 399,000 sq.ft. project in Crystal River, FL Pg. 3 Buyers and Sellers Upland Real Estate Group, Inc. is selling a shopping center in Rochester, MN..... Pg. 4 Kelco Investments is selling a fully-leased center in Niles, OH........................... Pg. 8 Openings BJ’s Restaurants, Inc. rolls out new concept this year with three locations............ Pg. 6 Exclusives Trademark named leasing agent for a mixed-use center in Asheville, NC................. Pg. 7 Sources of Financing CNG Consultants provides financing for commercial and residential properties.... Pg. 8 Food Retailers Expand White Castle to open locations throughout IL, IN, KY, MI, MN, MO, NJ, NY, OH, TN and WI.................. Pg. 9 Lease Signings DLC Management negotiated a lease with Shoppers World for 40,805 sq.ft. in Columbus, OH....... Pg. 10 Lead Sheet Tilden Car Care Centers seeking locations nationwide Pg. 11 The Pub looks to open sites nationwide......................... Pg. 14 Space Place........................ Pg. 16
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