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
For more news go to: www.dealmakers.net Mobile Access Code: retailer
Space Available Throughout Florida Schedule a meeting with Weingarten Realty at Retailer One on One * April 14th Ask about our premiere Blockbuster Spaces! Boca Raton, FL Boca Lyons Shopping Center Glades Rd at Lyons Rd Ross Dress For Less
Clearwater, FL Sunset 19 Shopping Center
Sunset Point Rd at US 19 Publix, Bed Bath & Beyond, Barnes & Noble
Countryside Centre
US 19 at Countryside Blvd Publix, TJ Maxx, HomeGoods
Clermont, FL Clermont Landing
US 27 at Steve’s Rd JCPenney, Epic Theatres, Ross Dress For Less, TJ Maxx, Michaels
Cooper City, FL Embassy Lakes Shopping Center
Hiatus Rd at Sheridan St Winn Dixie, Walgreens, Tuesday Morning
Destin, FL Shoppes at Paradise Isle
Emerald Coast Pkwy (US 98) at Hutchison St Best Buy, Michaels, Office Depot, PetSmart
Shoppes at Paradise Key
US 90 at Mid Bay Bridge Rd Publix, Bed Bath & Beyond, Old Navy, Ross
Hollywood, FL Hollywood Hills Plaza
Hollywood Blvd at North Park Rd Target, Publix
Indian Harbour Beach, FL Indian Harbour Place
E Eau Gallie Blvd at S Patrick Dr Publix, Bealls
Jacksonville, FL Argyle Village Shopping Center
Blanding Blvd at I-295 Michaels, TJ Maxx, Bed Bath & Beyond
Kendall, FL TJ Maxx Plaza
SW 117th Ave at Sunset Dr Winn Dixie, TJ Maxx
Largo, FL Largo Mall
Ulmerton Rd at Seminole Blvd Target, Albertsons, Bealls, Michaels
Margate, FL Palm Lakes Plaza
Atlantic Blvd at Rock Island Rd Publix, CVS Pharmacy
Melbourne, FL Lake Washington Square
N Wickham Rd at Lake Washington Rd Albertsons, Dollar General, Tuesday Morning
Lake Washington Crossing
N Wickham Rd at Lake Washington Rd Publix
Miami, FL Tamiami Trail Shops
Tamiami Trail at SW 137th Ave Publix, CVS Pharmacy
South Dade Shopping Center
S Dixie Hwy at Eureka Dr Publix, Petco, Harbor Freight Tools
Kendall Corners
Kendall Dr at SW 127th Ave Ashley Furniture, Baptist Health Enterprises
Oakland Park, FL Northridge Shopping Center
E Commercial Blvd at N Dixie Hwy Publix, Ross Dress For Less, Anna’s Linens
Pembroke Pines, FL Pembroke Commons
University Dr, N of Pines Blvd Publix, Marshalls, Office Depot, LA Fitness
Publix at Laguna Isles
Sheridan St at SW 196th Ave Publix
Flamingo Pines Shopping Center Pines Blvd at Flamingo Rd Publix, Bealls
Orlando, FL Market at Southside
Plantation, FL Vizcaya Square Shopping Center
Colonial Plaza
Port Charlotte, FL Quesada Commons
Michigan St, E of Orange Ave Ross Dress For Less, Bealls, Dollar Tree Colonial Dr at Bumby Ave Hobby Lobby, Ross Dress For Less, Barnes & Noble, Marshalls, Staples, Babies R’ Us
Westland Terrace Plaza
Colonial Dr at Apopka Vineland Rd Super Target, TJ Maxx, Petco, Shoe Carnival
Colonial Landing
Colonial Dr at Maguire Blvd Bed Bath & Beyond, PetSmart, Sports Authority, hhgregg, Rec Warehouse
Phillips Village
Sand Lake Rd at Turkey Lake Rd Wal-Mart Supercenter
International Drive Value Center
International Dr at Touchstone Dr Bed Bath & Beyond, Ross Dress For Less, TJ Maxx
The Marketplace at Dr. Phillips
Dr. Phillips Blvd at Sand Lake Rd Stein Mart, HomeGoods, Office Depot
Phillips Crossing
Sand Lake Rd at Turkey Lake Rd Whole Foods, Michaels, Golf Galaxy
Shoppes of South Semoran
S Semoran Blvd at Pershing Ave SaveRite
Nob Hill Rd at Cleary Blvd Winn Dixie
Toledo Blade Blvd at Quesada Ave Publix
Shoppes of Port Charlotte
Tamiami Trail at Toledo Blade Blvd Petco, Panera Bread, Walgreens
Sanford, FL Marketplace at Seminole Towne Centre
WP Ball Blvd at Towne Center Blvd Super Target, Sports Authority, Marshalls, DSW
St. Augustine, FL Epic Village at St. Augustine SR 207 at SH 312 Epic Theatres, McDonalds
Stuart, FL Pineapple Commons
US 1 at NW Britt Rd Ross Dress For Less, Best Buy, Marshalls, PetSmart
Sunrise, FL Sunrise West Shopping Center
W Commercial Blvd at NW 94th Ave Publix
Tampa, FL Palms of Carrollwood
Curry Ford Road
Dale Mabry Hwy & Fletcher Ave Bed Bath & Beyond, The Fresh Market, Petco
Oviedo, FL University Palms
Jacaranda Blvd at Center Rd Sweetbay Supermarket
Curry Ford at Young Pine Rd McDonalds
Alafaya Trail at McCullough Rd Publix
Alafaya Square
Alafaya Trail at Alafaya Woods Blvd Publix, IHOP
Palm Coast, FL Palm Coast Landing at Town Center
SR 100 at Belle Terre Pkwy Super Target, TJ Maxx, Ross Dress For Less, Books-A-Million, Michaels, PetSmart
Palm Harbor, FL East Lake Woodlands
E Lake Rd at Tampa Rd Publix, Walgreens
Parkland, FL Shoppes of Parkland
W Hillsboro Blvd at US 441 BJ’s Wholesale Club
Venice, FL Venice Pines Shopping Center Winter Park, FL Winter Park Corners
Aloma Ave at Lakemont Ave Whole Foods Market
New Construction DLC Management Corp. is preleasing the redevelopment of Wing Park Shopping Center, located at the intersection of North McLean Boulevard and Wing Street in Elgin, IL. Space is available. Walgreens and Family Dollar anchor the center. The project is slated for completion during the fall. For more information, contact Daniel Taub or Michael Cohen, DLC Management Corp., 580 White Plains Road, Tarrytown, NY 10591; 866-352-6468 or 914-631-3131, Fax 914-631-6533; Emails: dtaub@dlcmgmt.com and mcohen@dlcmgmt.com; Web site: www.dlcmgmt.com.
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker
Carolina Holdings, Inc. is preleasing Crystal River Commons, a 399,000 sq.ft. mixeduse project situated on 160 acres along U.S. Highway 19/U.S. Highway 98/North Suncoast Road between Ozello Trail/FL 494 and Venable Street in Crystal River, FL. Outlots of 43,560 sq.ft.; 54,450 sq.ft. and 65,340 sq.ft. are available. Area retail includes Home Depot, Sweetbay Supermarket, Regal Cinemas, OfficeMax and Crystal River Mall, featuring Belk, JCPenney and Kmart. Area demographics include a population of 75,850 within 10 miles earning $52,599 as the average household income. The average daily traffic count is 27,500 vehicles. Construction on the project is slated to begin next year with an opening projected for 2013. For more information, contact Britt Goodson, Carolina Holdings, Inc., 40 West Broad Street, Suite 410, Greenville, SC 29601; 864-272-0088, Fax 864-272-0078; Email: britt.goodson@choldings.com; Web site: www.choldings.com.
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.
Barry Real Estate Cos. is developing The Harrison, a four-story mixed-use project located in downtown Ft. Wayne, IN. The project will feature a first-floor retail component, a second-floor office component and a 42-unit multifamily component on the remaining floors. Cotenants include 3Rivers Federal Credit Union and O’Reilly’s Irish Bar. Construction on the project is slated to begin during the spring with an opening projected for early April of next year. For more information, contact Barry Real Estate Cos., 30 Allen Plaza, 30 Ivan Allen Jr. Boulevard, Suite 900, Atlanta, GA 30308; 404-601-0880, Fax 404-601-0881; Email: info@barrycompanies.com; Web site: www.barrycompanies.com. Rosenthal Properties, LLC is preleasing the redevelopment of Fairfax Pointe, a 10,500 sq.ft. center located at the intersection of Route 50/Route 29/Fairfax Boulevard and Route 236/Main Street in Fairfax, VA. Spaces of 905 sq.ft.; 913 sq.ft.; 968 sq.ft. and 1,264 sq.ft. are available. Cotenants include Zoe’s, Thai by Thai and T-Mobile. Area retail includes Borders, Office Depot, Washington Sports Club, CVS, Chipotle and La-Z-Boy. Area demographics include a population of 231,237 within five miles earning $113,455 as the median household income. The average daily traffic count is 77,000 vehicles. For more information, contact Nora Foley or Carol Murphy, Rosenthal Properties, LLC; 8391 Old Courthouse Road, Suite 320, Vienna, VA 22182-3819; 703-893-5141; Web site: www.rosenthalproperties.com. www.dealmakers.net
The
Tucker Development Corp. is developing Springfield Avenue Marketplace, an urban mixed-use project located at the intersection of Springfield Avenue and Jones Street in Newark, NJ. Shop space is available along with a divisible junior anchor space and outlots. Area demographics include a population of 695,521 within five miles earning $64,305 as the average household income. For more information, contact Adam Moschin, Tucker Development Corp., 799 Central Avenue, Suite 300, Highland Park, IL 60035; 847-926-9999, Fax 847-926-9996; Email: amoschin@tuckerdevelopment.com; Web site: www.tuckerdevelopment.com. Caruso Affiliated is developing an eight-story mixed-use development at the intersection of Burton Way and La Cienega Boulevard in Los Angeles, CA. The project will feature a Trader Joe’s supermarket on the ground floor and an 88-unit multifamily component on the remaining levels. Area retail includes Grove Shopping Center. The project is slated for completion next fall. For more information, contact Rick Caruso, Caruso Affiliated, 101 The Grove Drive, Los Angeles, CA 90036; 323900-8100, Fax 323-900-8101; Web site: www.carusoaffiliated.com. BKR Retail Services is preleasing Willow Glade Shopping Center, a 200,000 sq.ft. strip center located in Linden, NJ. Spaces of 2,000 sq.ft.; 10,000 sq.ft. and 30,000 sq.ft. are available. BJ’s Wholesale Club anchors the center. Area demographics include a population of 325,000 within five miles earning $68,000 as the average household income. The average daily traffic count is 60,000 vehicles. Construction on the project is slated to begin during the fall with an opening projected for spring of next year. For more information, contact Matt D. Bloom, BKR Retail Services, 440 West Street, Suite 307, Ft. Lee, NJ 07024; 201-292-4647; Email: mbloom@bkrretail.com; Web site: www.bkrretail.com. Browning Investments is developing an 8,900 sq.ft. strip center at the site of a former Peoples Bank at the intersection of West 86th Street and Harcourt Road in Indianapolis, IN. Construction on the project is slated for completion during the fourth quarter of this year. The company is also developing a 30,000 sq.ft. center on four acres at the intersection of 131st Street and Meridian Street in the city. For more information, contact Browning Investments, 6100 West 96th Street, Suite 250, Indianapolis, IN 46278; 317-3447300, Fax 317-344-7400; Web site: www.browninginvestments.com. DM
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Buyers and Sellers Henzlik-Oliver Real Estate Cos., LLC acquired Marina Lakes Shopping Center, a 168,000 sq.ft. project located at the intersection of 21st Street and Amidon Avenue in Wichita, KS. The company plans to redevelop the property and add a Walmart Neighborhood Market to the site. For more information, contact Tyler S. Oliver or Douglas L. Henzlik, HenzlikOliver Real Estate Cos., LLC, 13356 Metcalf Avenue, Overland Park, KS 66213; 913438-9900, Fax 913-438-9994; Web site: www.henzlikoliver.com. Lewis Real Estate Service is selling a 2,315 sq.ft. retail space located along 9th Street Northwest in Washington, DC. Area retail includes Giant. Area demographics include a population of 322,708 within three miles earning $76,814 as the average household income. For more information, contact Freddie Lewis Archer, Lewis Real Estate Service, 529 14th Street Northwest, Suite 943, Washington, DC 20045-1000; 202585-1143, Fax 202-662-7246; Email: freddie@lewisreservices.com.
CB Richard Ellis is selling SouthPark Centre, a 45,072 sq.ft. center located along West County Line Road in Littleton, CO. The property is 100% occupied and tenants include Dollar Tree and Goodwill Industries. The tenants are bound to tenyear NNN leases with more than seven years remaining on their initial terms. Area retail includes Red Robin, King Soopers and Outback Steakhouse. Area demographics include a population of 94,204 within three miles earning $102,778 as the average household income. The average daily traffic count is 55,900 vehicles. The asking price is $5.2 million with a Cap rate of 8.18%. For more information, contact Brad Lyons or Geoff Baukol, CB Richard Ellis, 8390 East Crescent Parkway, Suite 300, Greenwood Village, CO 80111; 720-528-6351 or 303628-1750; Emails: brad.lyons@cbre.com and geoff.baukol@cbre.com; Web site: www.cbre.com.
Mid States Development, Inc. is selling a one-acre parcel located along Spooner Avenue near the intersection of Hastings Way and Highland Avenue in Altoona, WI. The company is also selling a 5.3-acre parcel located off County Highway OO and U.S. Highway 53 in Lake Hallie, WI. Area retail includes Farm & Fleet, Shopko, Walmart Supercenter, Menards, Kwik Trip, Culvers, Taco Johns and Great Clips. For more information, contact Pam White or David Sanders, Mid States Development, Inc., 475 Chippewa Mall Drive, Suite 335, Chippewa Falls, WI 54729; 715-723-2223 Ext. 14/12; Emails: pwhite@midstatesdevelopment and dksanders@midstatesdevelopment.com; Web site: www.midstatesdevelopment.com.
Sperry Van Ness|The Kase Group is selling a Walgreens located in McMurray, PA. The tenant is bound to a 25-year NNN lease. Area demographics include a population within one mile earning $128,000 as the average household income. The asking price is $8.135 million with a Cap rate of 6.65%. The company is also selling a Pep Boys Auto located in North Wales, PA. The tenant is bound to a NNN lease featuring annual rent escalations of 1.5%. Area retail includes Home Depot, The Sports Authority, Lowe’s Home Improvement, Petco, Borders, Marshalls, Old Navy and Best Buy. The asking price is $5.575 million with a Cap rate of 8%. For more information, contact Kase Abusharkh or Jacob Abusharkh, The Kase Group, 252 Abigail Circle, Danville, CA 94506, 925-348-1844 or 925-736-8405, Emails: kase@svn.com and jacob@svn.com; Web site: www.thekasegroup.com.
GAIA Real Estate Investments is selling Orchard Center, a 32,237 sq.ft. center situated on 3.89 acres in Nicholasville, KY. Tenants include Subway, State Farm Insurance and TammCor Fitness. Area demographics include a population of 34,695 within five miles earning $62,864 as the average household income. The average daily traffic count is 19,455 vehicles. The NOI is $322,673. The asking price is $4.03 million with a Cap rate of 8%. For more information, contact GAIA Real Estate Investments; 858488-0591, Fax: 866-229-0490; Email: erika@gaiarealestateinvestments.com; Web site: www.gaiarealestateinvestments.com.
EXP Realty Advisors is selling a 7,934 sq.ft. center situated on 0.76 acres along Menaul Boulevard in Albuquerque, NM. Tenants include Foot Locker, Northern Imports and NM Nash. Area retail includes Office Depot, Old Navy, Starbucks, Taco Bell, KFC, Subway and Coronado Mall, featuring Sears, Kohl’s and JCPenney. Area demographics include a population of 294,000 within five miles. The average daily traffic count is 33,800 vehicles. The asking price is $1.22 million with a Cap rate of 8%. For more information, contact EXP Realty Advisors; 212-972-7457; Email: exp@exp1031.com; Web site: www.exp1031.com.
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The Boulder Group is selling a Walgreens located in West Allis, WI. The asking price is $5.1 million with a Cap rate of 7.43%. The company also negotiated the sale of a freestanding 30,040 sq.ft. Best Buy situated on 4.81 acres in Northbrook, IL. A private entity acquired the property for $4.952 million. The company represented the buyer in the transaction. The company is also selling a Walgreens located in West Chester, OH. Area demographics include a tradearea population earning $100,000 as the average household income. The asking price is $5.3 million with a Cap rate of 7.75%. The company is also, on behalf of a client, looking to acquire Walgreens properties. Suitable properties are bound to leases with 20 years or more remaining on the term and are priced between $7.5 million and $8.7 million. For more information, contact Randy Blankstein or Jimmy Goodman, The Boulder Group, 666 Dundee Road, Northbrook, IL 60062; 847-562-0003/8500; Emails: rblank@bouldergroup.com and jimmy@bouldergroup.com; Web site: www.bouldergroup.com. For additional information regarding Walgreens acquisitions, contact Randy Blankstein. Upland Real Estate Group, Inc. is selling Rochester Marketplace, located in Rochester, MN. The center is 100% occupied with tenants including Jiffy Lube, Domino’s Pizza and Jimmy John’s. Area retail includes Home Depot, Target, Staples and PetSmart. The asking price is $1.636 million with a Cap rate of 8%. The company is also selling Broadway Marketplace, located in Rochester, MN. The center is 100% occupied with tenants including Sprint, GameStop and CiCi’s Pizza. Area retail includes Walmart, Kohl’s, Michaels, Bed Bath & Beyond, The Sports Authority and Shopko. The asking price is $2.465 million with a Cap rate of 8.75%. For more information, contact Keith A. Sturm, Upland Real Estate Group, Inc., 50 South 6th Street, Suite 1418, Minneapolis, MN 55402; 612-376-4488, Fax 612-3764489; Email: keith@upland.com; Web site: www.nnnsales.com. Dominion Group, Inc. is selling a 2.73-acre parcel located along Interstate 35 East in Red Oak, TX. Area retail includes Walmart, Walgreens, Target and Lowe’s Home Improvement. The average daily traffic count is 80,000 vehicles. The asking price is $835,051. For more information, contact J. Keith Green, Dominion Group, Inc.; 972-742-6796; Email: keith.dominiongroup@gmail.com. (continued on page eight)
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
1,312 – 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 558 – 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 3,600 SF 3,010 SF 2,776 SF 1,202 – 5,013 SF 2,396 & 11,756 SF 24,560 SF
Who’s Opening And Where Gold’s Gym International (214-574-4653) will open four Gold’s Gym fitness centers throughout the Oklahoma City, OK area during the year. Planned openings include locations along West Memorial Road and Northwest Expressway, both slated to open during the spring. The remaining locations are rebranded Aspen Athletic Clubs located along North Rockwell Avenue in the city and in Edmond, OK. The company is also scouting potential locations in Moore, Norman, Midwest City and Yukon, OK. The company currently operates locations nationwide throughout 43 states, as well as internationally. Wal-Mart Stores, Inc. (479-273-4000) will open a 26,491 sq.ft. Walmart Neighborhood Market at Presidential Towers, an apartment building located along West Madison Street in Chicago, IL. The store will feature a pharmacy as well as deli, bakery, meat, produce, frozen and organic foods and dry grocery departments. The company also plans to open a 160,000 sq.ft. Walmart Supercenter at the intersection of Liberty Road and Brenbrook Road in Randallstown, MD. The store will feature a grocery department as well as a pharmacy, and is slated to open during September of next year. Target Corp. (612-304-6073) plans to open a Target at East Washington Place, a 377,000 sq.ft. shopping center currently under development on 40 acres along East Washington Street in Petaluma, CA. The store is slated to open with the center during October of next year. The company also plans to open a store in a former Vincent’s Market at Brookwood Village, located along Lakeshore Drive in Homewood, AL. The store is also slated to open during the fall of next year. The company currently operates 1,752 locations nationwide throughout 49 states. DSW, Inc. (614-237-7100) will open an 18,000 sq.ft. DSW shoe store at Vintage Oaks, located in Novato, CA. The store will be smaller than the typical DSW location and is slated to open during November. The company will join Tuttimelon Frozen Yogurt and Gelato, Justice and Subway at the center, and currently operates more than 300 locations nationwide. Southern Pacific Smokehouse Restaurant also plans to open a location at the center during the spring. Blain’s Supply, Inc. (608-754-2821) will open a Blain’s Supply Farm & Fleet store at the intersection of Rockton Road and Quail Trail in Rockton, IL. The opening will be the company’s 35th in the chain. page 6
April 15, 2011
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Earth Fare, Inc. (828-281-4800) will open a 27,244 sq.ft. Earth Fare health food store at Westgate Shopping Center, located at the intersection of West 210th Street and Center Ridge Road in Fairview Park, OH. The store will be the company’s second in the state and will join Books-A-Million at the center. Construction on the location is slated to begin next month with an opening slated for year’s end. BJ’s Restaurants, Inc. (714-500-2400) plans to open three STACKED: food well built restaurants during the year. The restaurant is a new concept which allows customers to design their meals using Apple iPads at their tables. Planned openings include a restaurant in Torrance, CA slated for next month, as well as a location at Fashion Valley Mall in San Diego, CA during the summer and a restaurant at Los Cerritos Center in San Diego during the fall. The Torrance location will be the company’s first in the new concept. The company currently operates 102 locations nationwide. Sheetz, Inc. (814-946-3611) plans to open a 6,500 sq.ft. Sheetz convenience store with gasoline facilities on two acres on the site of a former Cheswick Theatre at the intersection of North Highland Avenue and Pittsburgh Street in Cheswick, PA. The store is slated to open by year’s end and is likely to replace an existing location in Springdale, PA. The company currently operates 365 locations throughout six states nationwide. Dick’s Sporting Goods, Inc. (724-273-3400) will open a 50,200 sq.ft. Dick’s Sporting Goods store along Michigan Road in Canton, MI. The store is slated to open during September. The company currently operates 440 locations nationwide. Coach, Inc. (800-444-3611) will open a 2,700 sq.ft. Coach store in a former Rave at Coronado Center, located in Coronado, NM. The store will join Gap, rue21 and Joppa at the center, will be the company’s first in the state and is slated to open during July. The company currently operates 463 locations nationwide, including 342 full-price locations and 121 factory outlets. Safeway, Inc. (925-467-3000) will open a 60,000 sq.ft. Safeway store in a mixed-use development currently under construction along California Avenue in West Seattle, WA. The store will be the flagship location for the company’s Lifestyle concept, and will feature a sushi bar, a hearth oven, a dedicated wine cellar and two levels of indoor seating. The location is slated to open during August.
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Hennes & Mauritz AB (212-564-9922) will open a two-level, 22,000 sq.ft. H&M store in a space formerly tenanted by New World Symphony Orchestra along Lincoln Road in Miami, FL, as part of a plan to open 250 stores during this fiscal year. The opening will be the company’s first in Miami and is slated for next year. The company currently operates 2,200 locations, offering apparel for men, women and children, nationwide and internationally. Family Dollar Stores, Inc. (704-847-6961) will open a 7,700 sq.ft. Family Dollar along East Main Street in Gouverneur, NY. The store will replace an existing location in the area, which the company plans to vacate by January of next year. Construction on the store is slated to begin by early summer. The company operates 6,600 stores nationwide throughout 44 states, and plans to open 300 stores during the year and renovate 800 existing locations, having opened 200 locations last year. Quick Chek (908-534-2200) plans to open a 5,496 sq.ft. convenience store with gasoline facilities at the intersection of Central Parkway and Route 9 in the Bayville area of Berkeley, NJ. Construction on the site is slated to begin during the spring with an opening projected for the fall. The store will be the company’s second with gasoline facilities in Ocean County, NJ. Lord & Taylor, LLC (212-391-3344) plans to open a Lord & Taylor outlet store at Dolphin Mall, located in Miami, FL. The opening will be the company’s third outlet location in the country and its first opening in the state since 2003. The store is slated to open during the summer. The company currently operates 48 stores nationwide throughout nine states and Washington, DC. Costco Wholesale Corp. (425-313-8100) plans to open a 145,000 sq.ft. Costco at Gateway at Sanatoga, located in Limerick, PA. Construction on the store began this month with an opening projected for summer of next year. Priscilla of Boston, Inc. (617-242-2677) will open a 6,085 sq.ft. Priscilla of Boston store in a former Best & Co. located along Greenwich Avenue in Greenwich, CT. The store will carry the company’s line of wedding dresses, as well as bridal accessories, dresses for bridesmaids and flower girls, reception dresses and evening dresses. The location is slated to open during the spring. The company currently operates 15 D M stores nationwide.
Exclusives and Leasing Assignments Fairfield Retail Partners (203-870-8200) represents the following retailers with their expansion plans: Clarks, throughout Fairfield County, CT and Westchester County, NY, seeking spaces of 2,500 sq.ft. in lifestyle centers and affluent suburban areas; DiBella’s Old Fashioned Submarines, throughout CT and western MA, seeking sites of 3,500 sq.ft. to 3,900 sq.ft. in freestanding locations and endcaps and pad sites of shopping centers; Applebee’s, throughout CT, seeking spaces of 5,200 sq.ft. in freestanding locations, downtown areas, highway-adjacent locations and endcaps and pad sites of lifestyle and power centers; Starbucks, throughout CT, northern NJ and Westchester County and the Hudson Valley area of NY, seeking sites of 1,600 sq.ft. to 2,000 sq.ft. in downtown areas and endcaps of shopping centers without a drive-thru and 1,800 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps of shopping centers with a drive-thru, and Chipotle Mexican Grill, throughout Fairfield, Hartford and New Haven counties in CT and Westchester County, NY, seeking spaces of 2,000 sq.ft. to 2,600 sq.ft. in freestanding locations, urban/ suburban areas and endcaps and pad sites of shopping centers.
Evergreen Commercial Real Estate (973470-9304) represents Focus Brands with the company’s expansion of its Moe’s Southwest Grill concept throughout central and northern NJ. The restaurant chain is seeking spaces of 2,400 sq.ft. to 3,000 sq.ft. in freestanding locations, malls, urban/downtown areas and entertainment, lifestyle, power and specialty centers. The company also represents Focus Brands with the expansion of their Carvel and Cinnabon concepts throughout central and northern NJ. The chains are seeking spaces of 1,000 sq.ft. to 1,800 sq.ft. in freestanding locations, malls, urban/downtown areas and entertainment, lifestyle, power, specialty and tourist centers.
NAI Friedland (914-968-8500) has been named the exclusive agent for a 6,000 sq.ft. former Charlie Brown’s restaurant with an 1,800 sq.ft. basement along Central Avenue in Yonkers, NY. Area retail includes T.G.I. Friday’s, California Pizza Kitchen, Nathan’s, IHOP, The Carpet Gallery, Dubai Furniture and Rainbow USA. Investment Management Associates, Inc. (Restaurant Division) (305-661-0110) represents Halsted Street Deli with the chain’s expansion throughout Broward, Miami-Dade and Palm Beach counties in FL. The delis and cafes, offering soups, salads and sandwiches, as well as breakfast items, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, urban and suburban areas and endcaps and inline spaces of upscale lifestyle and strip centers.
Konover South, LLC (954-354-8282) has been appointed by Tremont Realty Capital, LLC as the leasing and management agent for Delray Square II, a 150,000 sq.ft. center located at the intersection of Atlantic Avenue and South Military Trail in Delray Beach, FL. Tenants at the center include Family Dollar and Subway. Tradearea demographics include a population of 218,450 earning $89,819 as the average household income. The average daily traffic count is 32,000 vehicles.
Trademark (817-870-1122) has been appointed by Biltmore Farms, LLC and Crossland, LLC as the retail leasing agent for Biltmore Park Town Square, a onemillion sq.ft. mixed-use center in Asheville, NC featuring a 285,000 sq.ft. retail and restaurant component, a 270,000 sq.ft. office component and a 165-unit multifamily component. Regal Cinemas, REI and Barnes & Noble anchor the retail component. DM
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Buyers and Sellers (continued from page four)
Cole Real Estate Investments acquired Red Oak Village, a 176,000 sq.ft. power center located in San Marcos, TX. At the time of sale, the property was 96% occupied with tenants including Best Buy, Marshalls Bed Bath & Beyond, PetSmart, Ross Dress for Less and Ulta. The company also acquired Pinehurst Square West, a 69,000 sq.ft. portion of a power center located in Bismarck, ND. At the time of sale, the property was 100% occupied with tenants including Best Buy, PetSmart, Dollar Tree, Men’s Wearhouse and Starbucks. The company also acquired Falcon Valley, a 77,000 sq.ft. center located in Lenexa, KS. At the time of sale, the property was 100% occupied with tenants including Price Chopper. The company acquired the properties for a total of $45 million. For more information, contact Scott Holmes, Thomas Falatko or Clint Marchuk, Cole Real Estate Investments, 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016; 602-952-4464, 202-625-4345 or 602716-8819; Emails: sholmes@colecapital.com, tfalatko@colecapital.com and cmarchuk@colecapital.com; Web site: www.colecapital.com. Kelco Investments is selling a center located along Youngstown Warren Road in Niles, OH. The center is 100% leased with tenants including Verizon Wireless, Aspen Dental, Great Clips and Check$mart. All tenants are bound to net leases. Area retail includes Eastwood Mall, featuring Macy’s, Dillard’s, Sears, JCPenney, Target, Best Buy and Dick’s Sporting Goods. The asking price is $3.8 million with a Cap rate of 8.55%. For more information, contact Kelly Huang, Kelco Investments, 111 East Chestnut Street, Suite 35G, Chicago, IL 60611; 312787-8898, Fax: 312-787-7869; Email: kelly@kelcoinvestments.com; Web site: www.kelcoinvestments.com. Net Leased Investment Co. is selling a 3,575 sq.ft. freestanding BB&T Bank situated on 0.65 acres along 34th Street North/U.S. Highway 19 in St. Petersburg, FL. The tenant is bound to a 15-year NNN lease set to expire during July 2019 featuring two, fiveyear options and 12% rent escalations every five years. The average daily traffic count is 41,000 vehicles. The asking price is $2.616 million with a Cap rate of 7%. For more information, contact Scott Austin or Bob Fraser, Net Leased Investment Co., 105 Black Cherry Court, Winter Springs, FL 32708; 407-977-2448, Fax 888-316-5767; Email: austin@cfl.rr.com. page 8
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Sources of Financing Newmark Knight Frank Cornish & Carey Commercial is selling a Walgreens with a drive-thru located along Highway 43 in Kalamazoo, MI. The tenant is bound to a netlease with 15 years remaining on the term. Area retail includes McDonald’s. Area draws include Western Michigan University. The asking price is $2.128 million with a Cap rate of 7.5%. The company is also selling the ground lease to a CVS located along U.S. Highway 90 in Cypress, TX. The 25-year NNN lease features rent escalations every five years. Area retail includes PetSmart, Bed Bath & Beyond, Best Buy, Lowe’s Home Improvement, Walmart, Target and Home Depot. Area demographics include a trade-area population earning $104,000 as the average household income. The average daily traffic count is 71,000 vehicles. The asking price is $3.45 million with a Cap rate of 5.35%. The company is also selling a Walgreens located in Oakland, CA. The tenant is bound to a NNN lease with 17 years remaining on the term featuring options with rent escalations at each option. The asking price is $6 million with a Cap rate of 5%. For more information, contact Michael Maffia or Putnam Daily, Newmark Knight Frank Cornish & Carey Commercial, One Bush Street, Suite 400, San Francisco, CA 94104; 415-445-5144/5107; Emails: mmaffia@ccareynkf.com and ddaily@ccareynkf.com; Web site: www.ccareynkf.com. For additional information regarding the Cypress property, contact Michael Yuras, 916-5044905; Email: myuras@ccareynkf.com. Select Investment Properties is selling a 46,500 sq.ft. freestanding Winn-Dixie located in Albany, GA. The tenant is bound to a NNN lease with one year remaining on the original lease term featuring options. The asking price reflects a Cap rate of 13%. For more information, contact Charles R. Stewart, Select Investment Properties, 103 Marshview Road, Savannah, GA 31410; 912596-5981; Email: crs.advisors@comcast.net. Mid-America Real Estate Corp. is selling parcels of one acre to eight acres located at the intersection of Interstate 55 and Weber Road in Bolingbrook, IL. Area retail includes Lifetime Fitness, American Sale and Brunswick Zone. For more information, contact Steve Frishman or David Stensby, Mid-America Real Estate Corp., One Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630-954-7325/7208, Fax 630-954-7304; Emails: sfrishman@midamericagrp.com and dstensby@midamericagrp.com; Web site: www.midamericagrp.com. DM
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CNG Consultants provides hard-money financing for the acquisition, refinancing and construction or development of commercial and residential properties, a well as raw land. Loans are available in amounts from $100,000 to $1 billion with interest rates starting at 9.99% and a maximum loan-tovalue ratio of 90%. Bridge financing is also available. For more information, contact Nicholas George, CNG Consultants, PO Box 10200, Commerce Township, MI 48382; 866-6208971 Ext. 22; Email: nick@cngcapital.com; Web site: www.cngcapital.com. BMC Capital, through the SBA 504 Refinance Program, provides funds for the refinancing of owner-occupied commercial properties. Loans are available in amounts of up to $5 million with a maximum loan-to-value ratio of 90%. The company also provides financing for retail, office, multifamily, self-storage and single-tenant properties in amounts from $500,000 to $10 million. For more information, contact Carl Esrey, BMC Capital, 3100 Monticello Avenue, Suite 400, Dallas, TX 75205; 214-526-7178, Fax 214526-2297; Email: cesrey@bmccapital.com; Web site: www.bmccapital.com. Commercial Lending Corp. provides hard-money financing, lines of credit and private equity funds for various types of commercial properties, as well as residential properties. For more information, contact Walt Trock, Commercial Lending Corp. 9800 Mt. Pyramid Court, Suite 400, Englewood, CO 80112; 708-367-1055 or 888-636-6379, Fax 803746-7266; Email: walt.trock@sbaclc.com; Web site: www.sbaclc.com. ICP Financial provides bridge financing and lines of credit for retail, office, industrial, hospitality and multifamily properties throughout CA, along with various other property types. Loans are available in amounts from $250,000 to $10 million with a maximum loan-to-value ratio of 60%. Lines of credit are available in amounts from $1.5 million to $10 million. For more information, contact, ICP Financial, 5480 Valmont Road, Suite 225, Boulder, CO 80301; 720-256-2580; Email: peter@icpfinancial.com; Web site: D M www.icpfinancial.com.
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Food Retailers Expand Nationwide Five Guys Famous Burgers and Fries operates more than 750 locations nationwide throughout 40 states, as well as Canada. The restaurants, offering hamburgers and fries, occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by BCD. Joe – The Art of Coffee operates six locations throughout Manhattan, NY. The upscale coffee houses occupy spaces of 600 sq.ft. to 1,200 sq.ft. in downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by BCD. The company is focusing on the Upper East Side area of Manhattan, but will consider other locations in the city. For more information, contact Alexandra Turboff, BCD, 115 East 23rd Street, 6th Floor, New York, NY 10010; 212-260-5210 Ext. 16, Fax 212-2605211; Email: aturboff@bcdmail.com; Web site: www.joetheartofcoffee.com. Central Park of America, Inc. trades as Central Park Restaurant at 20 locations throughout AL, GA, ID, IL, NC, SC, TN and UT. The restaurants occupy spaces of 550 sq.ft. in freestanding locations. Growth opportunities are sought throughout AL, GA, NC, SC and TN during the coming 18 months. For more information, contact Bruce Napolitano, Central Park of America, Inc., 5751 Uptain Road, Suite 210, Chattanooga, TN 37402; 423-8550991, Fax 423-899-5923; Web site: www.centralparkamerica.com. Subway operates 34,239 locations nationwide and internationally. The sandwich shops occupy spaces of 800 sq.ft. to 1,300 sq.ft. in freestanding locations, urban/downtown areas and entertainment, lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout Los Angeles County, CA during the coming 18 months, with representation by OHCAL Foods, LLC. Typical leases run five years with three, five-year options. A vanilla shell is preferred. Major competitors include Quiznos, Blimpie, Jersey Mike’s and Togo’s. The company prefers endcap spaces in areas with dense demographics and high traffic counts. For more information, contact Carol Jimenez, OHCAL Foods, LLC, 20501 Ventura Boulevard, Suite 375, Woodland Hills, CA 91364; 818-715-9400 Ext. 203, Fax 818715-9594; Email: cjimenez@ohcal.com; Web site: www.subway.com.
Pizza Factory, Inc. trades as We Toss ‘Em, They’re Awesome Pizza Factory at 115 locations throughout AZ, CA, ID, NV and WA. The pizzerias occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in strip and tourist centers. Growth opportunities are sought throughout the western region of the U.S. during the coming 18 months. Typical leases run five years with two, five-year options. A vanilla shell and specific improvements are required. The company is franchising. For more information, contact Nikki Vanvelson, Pizza Factory, Inc., 49430 Road 426, Suite D, Oakhurst, CA 93644; 559683-3377; Email: pfinc@sti.net; Web site: www.pizzafactory.com. Not Your Average Joe’s operates 15 locations throughout MA and VA. The casual restaurants occupy spaces of 5,500 sq.ft. in affluent downtown areas and lifestyle centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Fairfield Retail Partners, LLC. For more information, contact Mike Shanahan or Cheryl Pellegrini, Fairfield Retail Partners, LLC, 88 Ryders Lane, Stratford, CT 06614; 203-870-8200, Fax 203-870-8201; Emails: mshanahan@fairfieldretail.com and cpellegrini@fairfieldretail.com; Web site: www.fairfieldretail.com. Schiano’s Enterprises, Inc. trades as Schiano’s Italian Restaurant at 17 locations throughout NC, NJ, NY and SC. The fast-casual Italian restaurants occupy spaces of 600 sq.ft. to 2,400 sq.ft. in freestanding locations, malls and endcaps of neighborhood and strip centers. Growth opportunities are sought throughout NC and SC during the coming 18 months. Typical leases run five to 10 years with options. For more information, contact Frank Schiano, Schiano’s Enterprises, Inc., 7201 Two Notch Road, Columbia, SC 29223; 803788-8100. Loard’s Ice Cream & Candy operates 23 locations throughout central and northern CA. The shops occupy spaces of 1,000 sq.ft. in malls, urban/downtown areas and entertainment, power, specialty and strip centers. Plans call for 10 to 20 openings throughout the existing markets during the coming 18 months. Typical leases run five years with five-year options. A vanilla shell and specific improvements are required. For more information, contact Dave DeMarinis, Loard’s Ice Cream & Candy, 2000 Wayne Avenue, San Leandro, CA 94577; 510-297-0386, Fax 510-3512562; Email: dave@loards.com; Web site: www.loards.com. www.dealmakers.net
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White Castle System, Inc. trades as White Castle at 420 locations throughout IL, IN, KY, MI, MN, MO, NJ, NY, OH, TN and WI. The restaurants, offering hamburgers, fries and chicken, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in freestanding locations and outlots of shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with six, five-year options. Preferred cotenants include Home Depot, Lowe’s Home Improvement, Target and Walmart. Preferred demographics include a population of 30,000 within two miles earning $50,000 as the average household income. Major competitors include Burger King, Krystal and McDonald’s. A land area of 20,000 sq.ft. to 40,000 sq.ft. is required. For more information, contact Rob Albert, White Castle System, Inc., 555 West Goodale Street, Columbus, OH 43215; 614228-5781, Fax 614-559-2560; Web site: www.whitecastle.com. Wildflower Bread Co. operates 11 locations throughout AZ. The restaurants, offering breakfast, lunch and dinner and also featuring a bakery, occupy spaces of 4,500 sq.ft. to 5,000 sq.ft. in malls and mixed-use and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Major competitors include Chipotle, Firstwatch, Paradise Bakery and fast-casual restaurants. The company will also consider freestanding locations. For more information, contact Louis Basile, Wildflower Bread Co., 7755 East Grey Road, Scottsdale, AZ 85260; 480-9519453 Ext. 202, Fax 480-951-9464; Email: lbasile@wildflowerbread.com; Web site: www.wildflowerbread.com. Asian Bistro operates eight locations throughout CT, NJ and NY. The sushi and hibachi restaurants occupy spaces of 4,000 sq.ft. to 6,500 sq.ft. in power and strip centers. Plans call for two or three openings throughout CT and Westchester County, NY during the coming 18 months, with representation by The Cambridge Group. Typical leases run 15 to 20 years. Preferred cotenants include supermarkets and high-end apparel retailers. Preferred demographics include a population of 45,000 within five miles earning $65,000 as the average household income. Major competitors include Benihana and Nobu. For more information, contact Robert Berke, The Cambridge Group, 2614 Boston Post Road, Guilford, CT 06437; 203-458-1700, Fax 203-458-1730; Email: cambridge_re@yahoo.com. DM
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Lease Signings DLC Management (914-631-3131) negotiated a 10-year lease with Advance Auto for 8,125 sq.ft. at Shoal Creek Mall, a 67,248 sq.ft. center located in Cambridge, MD. The center is anchored by Walgreens. The company also negotiated a lease with Shoppers World for 40,805 sq.ft. at Northern Lights Shopping Center, a 361,000 sq.ft. center located in Columbus, OH. Cotenants at the center include Kroger, Marshalls, Sears Outlet and CitiTrends. Rein & Grossoehme (480-214-9400) negotiated a lease with Genghis Grill for 3,983 sq.ft. at the intersection of Tatum Boulevard and Cactus Road, in Phoenix, AZ. The company represented the tenant and Cushman & Wakefield represented the landlord, Westwood Financial, in the transaction. The company also negotiated a lease with Genghis Grill for 4,969 sq.ft. at the intersection of Ray Road and 54th Street in Chandler, AZ. The company represented the tenant and De Rito Partners represented the landlord, Tom Tait Investments, in the transaction. Prudential Douglas Elliman Real Estate (212891-7000) negotiated a lease with Muska Milano for 1,200 sq.ft. between 81st Street and 82nd Street in New York, NY. The site features 100 sq.ft. of mezzanine space, 400 sq.ft. of ground-level space and 700 sq.ft. of lower-level space. The company represented the landlord and the tenant in the transaction. Colliers International – Tampa Bay, Central Florida and Southwest Florida (727-4427184) negotiated a lease with Sport Clips for 1,047 sq.ft. at Coralwood Shopping Center, located along South Delprado Boulevard in Cape Coral, FL. The company represented the tenant and the landlord, Stiles Corp., in the transaction. The company also negotiated a lease with The UPS Store for 1,065 sq.ft. at Daniels Crossing, located along Daniels Parkway in Ft. Myers, FL. The company represented the tenant and the landlord, Stiles Corp., in the transaction. The company also negotiated a lease with Discount Auto Parts, LLC for 6,700 sq.ft. along Gladiolus Drive in Ft. Myers, FL. The company represented the landlord, Gladiolus Ventures, LLC, in the transaction. De Rito Partners, Inc. (480-834-8500) negotiated a lease Aaron’s, Inc., for 7,700 sq.ft. at the intersection of 40th Street and Thunderbird Road in Phoenix, AZ. The company also negotiated a lease with Cactus Valley Pools for 1,422 sq.ft. at the intersection of 83rd Avenue and Union Hills in Glendale, AZ. page 10
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Cassidy Turley BRE Commercial (858-5465400) negotiated a 10-year lease with Five Guys Famous Burgers and Fries for 2,800 sq.ft. along Tuscany Street in Corona, CA. The company represented the landlord, Castle & Cooke, and Cushman & Wakefield represented the tenant in the transaction. The company also negotiated a five-year lease with Mr. O’s BBQ for 10,954 sq.ft. along West Valley Parkway in Escondido, CA. The company represented the landlord, GDA Real Estate Services, LLC, and James Crone & Associates represented the tenant in the transaction. Crosland, LLC (704-529-1166) negotiated leases with Chiro One for 2,127 sq.ft. and with Michaels for 20,011 sq.ft. at Richmond Centre, an 800,000 sq.ft. development located in Richmond, KY. The site features 13 outparcels, a 15-acre hospitality component and a 60,000 sq.ft. office component. Cotenants at the center include Belk, JCPenney, Cinemark Theatre and Meijer. Adler Realty Investments, Inc. (818-8842200) negotiated a lease with Sit ‘N Sleep for 11,348 sq.ft. at Agoura Design Center, located in Agoura Hills, CA. Cotenants at the center include Ethan Allen, Berk’s Patio, Alperts Kidz Interiors, Keyboard Concepts, The Mattress Store, Power of Home and Video and Auto Center. Vanguard-Fine, LLC (518-862-0861) negotiated the following: a five-year lease with 5 Star Nails for 1,541 sq.ft. at Central Square Plaza, located in Colonie, NY; a fiveyear lease with GameStop for 1,979 sq.ft. at Glen Square, located in Glenville, NY; a 10-year lease with dressbarn for 7,500 sq.ft. at Fairmount Fair, located in Camillus, NY, and a 20-year year lease with KeyBank for space along NY Route 43 in West Sand Lake, NY. NAI Friedland Realty (914-968-8500) negotiated the following leases along Central Avenue in Yonkers, NY: with Carpet Gallery for 4,000 sq.ft. and with Dubai Furniture and Rainbow USA. Taylor Long Properties (804-864-9788) negotiated a five-year lease with Great Clips for 1,091 sq.ft. at Southpark Crossing Shopping Center in Colonial Heights, VA. The company represented the tenant in the transaction. Matanky Realty Group (312-337-1001) signed a four-year lease with Shrimp Max II for 1,700 sq.ft. at Hazel Crest Center in Hazel Crest, IL. DM
Lead Sheet Plaza Tire 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
Automotive The 51-unit chain operates locations throughout AR, IL, KY and MO. The automotive service centers occupy outlots situated on a land area of one acre. Growth opportunities are sought throughout MO during the coming 18 months, with representation by L3 Corp.
Tilden Car Care Centers Robert Baskind 300 Hempstead Turnpike, Suite 110 West Hempstead, NY 11552 516-746-7911, Fax 516-746-1288 Email: info@tildencarcare.com Web site: www.tildencarcare.com
Automotive The 61-unit chain operates locations throughout CO, FL, GA, IL, IN, MA, NC, NH, NJ, NY, OH, RI, TN and TX. The automotive service centers occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding locations. Plans call for 10 openings nationwide during the coming 18 months. Typical leases run 20 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. Major competitors include Goodyear and Midas. The company is franchising.
Kirlin’s, Inc. dba Kirlin’s Hallmark Dale Kirlin, Jr. 532 Maine Street Quincy, IL 62301 217-224-8953, Fax 217-224-9400 Web site: www.kirlinshallmark.com
Cards The 99-unit chain operates locations throughout IA, IL, IN, KY, MI, MO, OH, OK, TN and WI. The card stores occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in malls and lifestyle, power and strip centers. Plans call for one opening within the existing markets, excluding OK or TX, during the coming 18 months. Typical leases run three to five years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 30,000 within three miles earning $50,000 as the average household income.
The Norman Group, Inc. dba Norman’s Hallmark Howard Henschel 126 Terry Drive Newtown, PA 18940 215-579-2600 Ext. 103, Fax 215-579-2899 Email: hhenschel@normansgifts.com
Cards The 35-unit chain operates locations throughout NJ and PA. The card and gift shops occupy spaces of 3,000 sq.ft. to 7,500 sq.ft. in malls and power and strip centers. Plans call for three to five openings throughout the existing markets during the coming 18 months. Typical leases run five years with five-year options. Specific improvements are required. Preferred cotenants include grocery stores.
Fred’s, Inc. dba Fred’s Tom Sowa 4300 New Getwell Road Memphis, TN 38118 901-365-8880, Fax 901-360-9586 Email: tsowa@fredsinc.com Web site: www.fredsinc.com
Discount The 664-unit chain operates locations throughout the southeastern region of the U.S. The discount stores, offering household items, health aids and apparel, as well as featuring a pharmacy, occupy spaces of 16,000 sq.ft. to 18,000 sq.ft. in freestanding locations and strip and value centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 12 years with four, five-year options. Specific improvements are required. Preferred cotenants include grocery stores. Major competitors include Dollar General, Family Dollar and Walmart. A land area of 1.5 to two acres is required for freestanding locations.
Just-A-Buck Mike Conners 563 Temple Hill Road New Windsor, NY 12553 Email: mikec@justabuck.com Web site: www.justabuck.com
Discount The 23-unit chain operates locations throughout CT, DE, ME, NJ, NY, OH, PA and TN. The stores, offering general merchandise items for $1.00, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Major competitors include Dollar Tree. The company is franchising and prefers site submittals to be sent via e-mail.
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Lead Sheet Liquidation World, Inc. dba Liquidation World Department of Real Estate 225 Henry Street Brantford, Ontario, Canada N3S 7R4 519-758-8878, Fax 866-756-3940 Web site: www.liquidationworld.com
Discount The 97-unit chain operates locations throughout Canada. The stores, offering general merchandise items, occupy spaces of 22,000 sq.ft. to 25,000 sq.ft. in freestanding locations, malls and mixed-use, outlet, strip and value centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years with two, five-year options. Preferred demographics include a population of 25,000 within five miles.
Target George Galloway or Ray Schupp c/o Next Realty Mid-Atlantic, LLC 1750 Old Meadow Road, Suite 250 McLean, VA 22102 703-442-4500, Fax 703-442-8818 Emails: ggalloway@nextrealty.com and rschupp@nextrealty.com Web site: www.nextrealty.com
Discount The 1,750-unit chain operates locations nationwide throughout 49 states. The discount stores, offering apparel, footwear, household and general merchandise items, electronics and appliances, occupy spaces of 125,000 sq.ft. to 175,000 sq.ft. in power centers. Growth opportunities are sought throughout Richmond and the Hampton Roads area of VA during the coming 18 months, with representation by Next Realty Mid-Atlantic, LLC.
Medicine Shoppe International, Inc. dba Medicine Shoppe and Medicap Pharmacy John Fiacco 1 Rider Trail Plaza Drive, Suite 300 Earth City, MO 63045 314-993-6000 Web site: www.medicaprx.com
Drug Store The 1,400-unit chain operates locations nationwide and internationally. The pharmacies occupy spaces of 2,500 sq.ft. in freestanding locations and lifestyle and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include grocery stores. Preferred demographics include a population of 10,000 to 12,000 within two miles earning $30,000 as the average household income. Major competitors include CVS, Walgreens, Rite Aid and Walmart. Expansion is franchise-driven.
Burke Cleaners, LLC dba Burke Cleaners Mark Burke 5635 Boeing Drive Loveland, CO 80538-8811 970-203-9600 Ext. 4, Fax 970-203-1096 Web site: www.burkecleaners.com
Dry Cleaners The nine-unit chain operates locations throughout northern CO. The dry cleaners occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in strip centers. Growth opportunities are sought throughout Greely, Longmont and North Denver, CO during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores. The company prefers sites with a drive-thru.
Tide Dry Cleaning Sharon Carmichael c/o Terranomics Retail Services 1350 Bayshore Highway, Suite 900 Burlingame, CA 94010 Email: scarmichael@terranomics.com Web site: www.terranomics.com
Dry Cleaners The three-unit chain operates locations in MO and OH. The dry cleaners occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding locations and strip centers. Plans call for three to six openings throughout northern CA during the coming 18 months, with representation by Terranomics Retail Services. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 20,000 within two miles earning $90,000 as the median household income. A land area of 24,000 sq.ft. is required for freestanding locations.
Atlantic Wireless dba AT&T Wireless Jack Kahn c/o Jack Kahn Realty Services Corp. 33 Clinton Road West Caldwell, NJ 07006 973-808-8757, Fax 973-808-8758 Email: jkbroker@aol.com
Electronics The 35-unit chain operates locations throughout NJ, PA and VA. The stores, offering cellular phones and related services and items, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in freestanding locations, malls kiosks and strip centers. Plans call for 10 openings throughout the existing markets during the coming 18 months, with representation by Jack Kahn Realty Services Corp. Typical leases run five years with options. A vanilla shell and specific improvements are required. Major competitors include T-Mobile and Verizon Wireless.
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Lead Sheet Boost Mobile Leonard Pick c/o Renaud Consulting 8605 Westwood Center Drive, Suite 309 Vienna, VA 22182 571-765-4424 Email: lpick@renaudconsulting.net Web site: www.boostmobile.com
Electronics The company operates locations nationwide. The stores, offering wireless phones and related services, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in various types of spaces. Growth opportunities are sought, on behalf of a franchisee, throughout Prince George’s County, MD; Annandale, Falls Church and Springfield, VA and Washington, DC during the coming 18 months, with representation by Renuad Consulting.
Moorehead Communications dba Cellular Connections Peter Wallace PO Box 1870 Marion, IN 46952 765-651-2001, Fax 765-651-4626 Email: pwallace@mooreheadcomm.com Web site: www.ecellularconnection.com
Electronics The 210-unit chain operates locations throughout DE, FL, IA, IL, IN, KY, MD, MI, MN, MO, NE, NY, OH, PA, VA, WI and WV. The electronics stores occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding locations and power, strip and value centers. Growth opportunities are sought throughout AR, CT, DE, MA, MD, NJ, NY, RI, TN, VA and Washington, DC during the coming 18 months. Typical leases run three to five years. A vanilla shell is required. Preferred cotenants include Target and Walmart. Preferred demographics include a population of 20,000 within 10 miles earning $50,000 as the average household income. Major competitors include AT&T Mobility and T-Mobile.
Gregg Appliances, Inc. dba hhgregg Bruce Dixon 4151 East 96th Street Indianapolis, IN 46240 317-848-8710, Fax 317-848-8723 Email: bdixon@hhgregg.com Web site: www.hhgregg.com
Electronics The 173-unit chain operates locations throughout AL, DE, FL, GA, IN, KY, MD, MS, NJ, PA, OH, NC, SC, TN and VA. The stores, offering electronics and appliances, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations, malls and power centers. Growth opportunities are sought throughout the existing markets, as well as IL, during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include Target. Preferred demographics include a population of 200,000 within five miles earning $60,000 as the average household income. Major competitors include Best Buy. A land area of three acres is required for freestanding locations.
U.S. Cellular Corp. dba U.S. Cellular Glen Todd 8410 West Bryn Mawr Avenue Chicago, IL 60631 773-399-8922, Fax 773-527-2814 Email: glen.todd@uscellular.com Web site: www.uscellular.com
Electronics The 450-unit chain operates locations nationwide. The electronics stores prefer to occupy pad sites in anchored shopping centers, spaces of 1,500 sq.ft. to 2,000 sq.ft. in rural areas and of 2,000 sq.ft. to 3,000 sq.ft. in metropolitan areas. Preferred demographics include a trade-area population of 25,000 within rural markets and of 75,000 within metropolitan markets. The average daily traffic count is 20,000 vehicles. For more information regarding expansion throughout Auburn, Augusta, Bangor, Brunswick and Portland, ME; Concord, Keene, Lebanon, Manchester and Nashua, NH; Cumberland and Hagerstown, MD; Asheville, Greenville, Rocky Mount and Wilmington, NC; Athens, Knoxville and Cookeville, TN; Charlottesville, Lynchburg and Roanoke, VA and Beckley, Clarksburg, Martinsburg and Morgantown, WV, contact Thad Burdette; 865-777-7970; Email: thad.burdette@uscellular.com. For more information regarding expansion throughout Chicago, Peoria, Rockford and Springfield, IL; Gary, Fort Wayne and Mishawaka, IN; Niles and St. Joseph, MI and Appleton, Green Bay, Madison and Milwaukee, WI, contact Erran Zinzer; 773-399-6836; Email: erran.zinzer@uscellular.com. For more information regarding expansion throughout Cedar Rapids, Davenport and Des Moines, IA; Grand Island, Lincoln, North Platte and Omaha, NE; Hutchinson, Manhattan and Salina, KS; Columbia, Jefferson City, Joplin and St. Louis, MO; Lawton, Muskogee, Oklahoma City and Tulsa, OK; Wichita Falls, TX; Crescent City and Eureka, CA; Bend, Lagrande and Medford, OR and Kennewick, Longview and Yakima, WA, contact Ruth Bowers; 660-216-8061; Email: ruth.bowers@uscellular.com.
Round 1 David Friedman c/o Robert K. Futterman & Associates Three Embarcadero Center, 7th Floor San Francisco, CA 94111 415-248-1150 Email: dfriedman@rkf.com
Entertainment The 105-unit chain operates locations throughout CA and Japan. The family entertainment centers occupy spaces of 40,000 sq.ft. to 70,000 sq.ft. in freestanding locations, super-regional malls and power centers. Plans call for three to five openings throughout CA during the coming 18 months, with representation by Robert K. Futterman & Associates. The company prefers to locate in areas with strong family demographics.
PNC Bank Brian Wherty c/o Equity Retail Brokers 101 West Elm Street, Suite 370 Conshohocken, PA 19428 610-645-7700 Ext. 122 Web site: www.equityretailbrokers.com
Finance The 2,400-unit chain operates locations throughout DE, FL, ID, IL, KY, MD, MI, MO, NJ, NY, OH, PA, VA, WI and Washington, DC. The banks prefer to locate in freestanding buildings situated on a land area of one acre. Growth opportunities are sought throughout southern NJ and eastern PA during the coming 18 months, with representation by Equity Retail Brokers. A three-lane drive-thru is required.
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Lead Sheet Lady Jane’s Haircuts for Men Dean Vlahos c/o Newmark Knight Frank One East Wacker Drive, Suite 3500 Chicago, IL 60601 312-386-3140 Email: dvlahos@newmarkkf.com Web site: www.ladyjanehaircuts.com
Hair The 16-unit chain operates locations throughout IN, MI, OH and NY. The men’s hair salons occupy spaces of 1,200 sq.ft. to 1,600 sq.ft. in strip centers. Growth opportunities are sought throughout Aurora, Joliet, Oak Lawn and Schaumburg, IL during the coming 18 months, with representation by Newmark Knight Frank.
Clean Rite Cleaners, LLC dba Clean Rite Centers Lou Wachtel 95-25 Queens Boulevard Rego Park, NY 11374 914-921-8211, Fax 914-921-4838 Email: lou@spectrumrealtycapital.com
Laundromat The 104-unit chain operates locations throughout CT, MA, NJ, NY and RI. The laundromats occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps and pad sites of shopping centers. Plans call for 24 openings throughout Brooklyn, Bronx, Nassau County, Queens, Staten Island and Westchester County, NY during the coming 18 months. Typical leases run 20 years with two, five-year options. A vanilla shell is required. Preferred cotenants include Family Dollar, Rent-A-Center and supermarkets. Preferred demographics include a population of 30,000 within one mile earning $30,000 to $60,000 as the average household income. Major competitors include local laundromats. A land area of 10,000 sq.ft. is required for freestanding locations. The company will also consider acquiring sites.
Goo Goo Car Wash Ed Adams c/o Jordan Hart Commercial Services 6001 River Road Columbus, GA 31904 706-257-1170, Fax 706-243-6466 Email: eadams@djordonco.com
Specialty The 75-unit chain operates locations throughout AL, AZ, FL, GA, KY, MI, MS, NV, OH, SC, TN and TX. The car washes prefer to locate on outlots of 50,000 sq.ft. of malls and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Jordan Hart Commercial Services.
Leslie’s Pool Supplies Cheryl Pellegrini c/o 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
Specialty The 600-unit chain operates locations nationwide throughout 35 states. The stores, offering swimming pool supplies and accessories, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Fairfield Retail Partners, LLC. The company prefers sites with high visibility.
The Pub Mathew Focht c/o Sierra Realty Advisors 640 North LaSalle, Suite 410 Chicago, IL 60654 312-254-0730 Email: mfocht@sierraadvisors.com Web site: www.luvthepub.com
Specialty The 11-unit chain operates locations throughout FL, KY, OH and VA. The British pubs occupy spaces of 6,500 sq.ft. to 8,000 sq.ft. in lifestyle and mixed-use centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Sierra Realty Advisors.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. page 14
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Home-Related Chains Expand Nationwide
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Fuller & Son Hardware trades as Fuller & Son Hardware & Lumber at five locations throughout Little Rock, AR. The hardware stores occupy spaces of 10,000 sq.ft. in strip centers. Growth opportunities are sought throughout AR during the coming 18 months. For more information, contact Bobby Fuller, Fuller & Son Hardware, 7311 Baseline Road, Little Rock, AR 72209; 501604-7575, Fax 501-562-4794; Web site: www.fullerandson.com. The Sherwin Williams Co. trades as Sherwin Williams at 3,300 locations nationwide and internationally. The home improvement stores, offering paint and related products, occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the southwestern region of the U.S. during the coming 18 months. Typical leases run five years with options For more information, contact Ray Starbuck, The Sherwin Williams Co. (Southwest Division), 2100 Lakeside Boulevard, Suite 400-500, Richardson, TX 75082; 214-553-2972, Fax 214-553-3913; Email: rstarbuck@sherwin.com; Web site: www.sherwin.com. The Alley operates five locations throughout CA. The stores, offering gifts, furniture and home décor items, occupy spaces of 15,000 sq.ft. to 30,000 sq.ft. in freestanding locations and power and specialty centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Marek, Inc. Typical leases run five to 10 years. Preferred cotenants include Target and T.J. Maxx. Preferred demographics include a population of 10,000 within five miles earning $70,000 as the average household income. For more information, contact William Marek, Marek, Inc., 80250 Highway 11, Indio, CA 92201; 760-347-7200, Fax 760345-1076. Chicago Clock Co. operates four locations throughout IL. The stores, offering clocks and related services and accessories, occupy spaces of 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. A vanilla shell and tenant improvement allowance are required. For more information, contact Andrew Matthiesen, Chicago Clock Co., 431 West Ogden Street, Clarendon Hills, IL 60514; 630-986-9210, Fax 630-986-9224. DM April 15, 2011
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Boaz – Shoppes at Boaz has a 24,000 sq.ft. space available. Area retail includes Walmart. Centre – Cherokee Plaza has spaces available from 1,550 sq.ft. to 29,000 sq.ft. Hokes Bluff – Bluff Spring has spaces available from 750 sq.ft. to 3,000 sq.ft. Cotenants include Dollar General. Jacksonville – Pelham Plaza has spaces available from 2,100 to 4,900 sq.ft. Millbrook – Grandview Pines has a 1,200 sq.ft. space available along with a 0.8-acre outlot. Prattville – Heritage Place has spaces available from 1,054 sq.ft. to 2,700 sq.ft. Russellville – Russellville Marketplace has spaces available from 1,300 sq.ft. to 10,000 sq.ft. Cotenants include Burke’s, Peebles, Hibbett Sports and Dollar Tree. For details, contact Real Estate Southeast, LLC, PO Box 681955, Prattville, AL 36068; 866-283-5516; Fax 334-491-6210; Web site: www.realestatesoutheast.com.
949-698-1101/1110/1103; Emails: derek.fitch@srsre.com, scott.riddles@srsre.com and jeff.straka@srsre.com; Web site: www.srsre.com.
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California Glendale – A center located at the intersection of North Glendale Avenue and Verdugo Road has two spaces of 1,200 sq.ft. available. Ralph’s anchors the center. Area retail includes Subway, Baskin-Robbins and Sylvan Learning Center. Area demographics include a population of 499,759 within five miles earning $76,930 as the average household income. The average daily traffic count is 45,900 vehicles. For details, contact Todd Nathanson or Sevada Hemelians, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 Ext. 101/110, Fax 818-501-2202; Emails: todd@illicre.com and sevada@illicre.com; Web Site: www.illicre.com. Ladera Ranch – A 45,000 sq.ft. former Dick’s Sporting Goods located along Antonio Parkway is available for sublease. Laguna Hills – A 49,283 sq.ft. former Dick’s Sporting Goods located along Alicia Parkway is available for sublease. Area retail includes Big Lots. Moorpark – A 45,022 sq.ft. former Dick’s Sporting Goods located along Los Angeles Avenue is available for sublease. Norco – A 63,585 sq.ft. former Chick’s situated on 1.46 acres along Hidden Valley Parkway is available. Upland – A 64,924 sq.ft. former Dick’s Sporting Goods located along East Foothill Boulevard is available for sublease. For details, contact Derek Fitch, Scott Riddles or Jeff Straka, SRS Real Estate Partners, 610 Newport Center Drive, Suite 400, Newport Beach, CA 92660;
Dealmakers
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Connecticut Monroe – An 85,000 center located along Monroe Turnpike has space available. Cotenants include Big Y Supermarket and CVS. 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. Westport – A center situated on 6.42 acres at the intersection of U.S. Route 1 and Bulkey Road has a divisible space of 3,760 sq.ft. available. Cotenants include Walgreens, Stride Rite, Pet Supplies Plus and HomeGoods. Area retail includes Dunkin’ Donuts, People’s United Bank, Stop & Shop and Blockbuster Video. Area demographics include a population of 91,661 within five miles earning $153,367 as the average household income. The average daily traffic count is 20,700 vehicles. For details, contact Mark Brockwell, MJB Real Estate Services Corp., 735 Boston Post Road East, Westport, CT 06880; 203-2226200 Ext. 11, Fax 203-222-6202; Email: mjbrockwell@mjbcorp.com; Web site: www.mjbcorp.com.
Florida Altamonte Springs – A center located along State Route 436 has a 12,000 sq.ft. space available along with an 11,700 sq.ft. warehouse space. The average daily traffic count is 71,000 vehicles. For details, contact Rusty Stoeckel, Demetree Real Estate Services, Inc., 1350 Orange Avenue, Suite 100, Winter Park, FL 32789; 407-440-5424, Fax 407-440-5454, Email: rstoeckel@demetreebuilders.com; Web site: www.demetreebuilders.com. Brandon – Brandon Town Center, a 143,785 sq.ft. center located at the intersection of Brandon Town Center Drive and Ring Road, has spaces available of 1,250 sq.ft.; 3,000 sq.ft. and 15,000 sq.ft. Target, Bed Bath & Beyond, Ross Dress for Less and American Signature Furniture anchor the center. Area retail includes Brandon Town Center Mall. Clearwater – Highlands Shopping Center, a 19,020 center located along Highland Avenue, has spaces available of 830 sq.ft.;
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1,130 sq.ft.; 1,140 sq.ft.; 3,070 sq.ft. and 3,600 sq.ft. Walmart Neighborhood Market anchors the center. Lakeland – Lakeland Grove, a 31,588 center located at the intersection of U.S. Highway 98 North and Interstate 4, has a 31,588 sq.ft. space available. Area retail includes Lowe’s Home Improvement and Lakeland Square Mall. New Port Richey – A center located along U.S. Highway 19 has spaces available from 830 sq.ft. to 4,274 sq.ft. Cotenants include Carabba’s, Sweet Tomatoes, El Rancho Mexican Restaurant, The Breakfast Club, C&N Liquors, Regency Pub, Scandal’s Hair Salon and Accuhear. Area demographics include a population of 113,494 within five miles earning $42,916 as the average household income. Tampa – Plaza at Citrus Park, a 340,460 sq.ft. center located at the intersection of Citrus Park Drive and Easy Street, has spaces available of 5,860 sq.ft. and 6,500 sq.ft. along with a 4,000 sq.ft. endcap. Bed Bath & Beyond anchors the center and cotenants include Best Buy, Jo-Ann Fabrics, PetSmart, Ross Dress for Less, Staples and The Sports Authority. For details, contact Brian Bern or Ryan Derriman, Franklin Street Real Estate Services, 500 North Westshore Boulevard, Suite 750, Tampa, FL 33609; 813-658-3343/3359, Fax 813-8397330; Emails: brian.bern@fsfp.com and ryan.derriman@fsfp.com; Web site: www.fsfp.com.
and Sheridan Street, has spaces available of 1,048 sq.ft.; 1,052 sq.ft.; 1,402 sq.ft.; 1,409 sq.ft.; and 2,450 sq.ft. along with two spaces of 1,400 sq.ft. and outlots. Cotenants include H&R Block, AT&T Mobility and State Farm Insurance. The asking rent is $18 psf with CAM of $6.14 psf. Orlando – Belle Isle Commons, located at the intersection of South Conway Road and Hoffner Road, has spaces of available of 900 sq.ft.; 1,050 sq.ft.; 1,200 sq.ft.; 2,000 sq.ft. and 5,174 sq.ft. Planet Fitness anchors the center and cotenants include Starbucks. Area retail
includes Publix and Winn-Dixie. The asking rent is $14 psf for the 1,050 sq.ft. and 1,200 sq.ft. spaces and $16 psf for the remaining spaces with CAM of $4.50 psf. For details, contact Ashley Thornburg, Crossman & Co., 3333 South Orange Avenue, Orlando, FL 32806; 305-726-8431; Email: athornburg@crossmanco.com; Web site: www.crossmanco.com. For details regarding the Orlando property, contact Katherine Rush, 407-581-6224; Email: krush@crossmanco.com.
Coconut Creek – Icon Center, a 7,250 sq.ft. strip center located along Regency Lakes Boulevard near State Route 7/U.S. Highway 441, has an 1,170 sq.ft. space available along with a 4,780 sq.ft. former Blockbuster Video. Cotenants include Big Al’s Steaks. The asking rent ranges from $15 psf to $20 psf with CAM of $11 psf. Coral Springs – A 9,800 sq.ft. strip center located along Atlantic Boulevard has a divisible former Blockbuster Video available. The asking rent is $20 psf with CAM of $8 psf. Sunrise – A 6,116 sq.ft. freestanding former Blockbuster Video located along Oakland Park Boulevard is available. For details regarding Icon Center and the Sunrise property, contact Bill Pace, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: wrp@rotellagroup.com; Web site: www.rotellagroup.com. For details regarding the Coral Springs property, contact Steve Miller; Email: steve@rotellagroup.com. Cooper City – Cooper City Commons, located at the intersection of Pine Island Road
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Got space? Find your missing tenant.
Over 6,000 retail chains are listed in the national edition Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you: • Who’s in charge of the tenant’s real estate for your market, and how to reach them • Where the chain is seeking new store locations, and its existing markets • What the retailer’s space, property type, demographic, co-tenancy and lease requirements are
www.tenantsearch.com | 1.800.732.5856 www.dealmakers.net
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Hialeah – Spaces of 1,600 sq.ft. and 2,175 sq.ft. located along West 49th Street are available. Area retail includes Subway. Area demographics include a population of 407,692 within five miles earning $53,495 as the average household income. The average daily traffic count is 57,000 vehicles. For details, contact Michael Behar, Behar Real Estate Group, 18321 Dixie Highway, Suite 204, Miami, FL 33160; 305-933-0614, Fax 305-933-0615; Email: michael@beharrealestategroup.com; Web site: www.beharrealestategroup.com. Pembroke Pines – A center located along Pines Boulevard has an 8,000 sq.ft. junior anchor space available. Cotenants include 24 Hour Fitness, Blockbuster Video and Chuck E. Cheese’s. For details, contact Ross Realty Investments, Inc., 3325 South University Drive, Suite 210, Davie, FL 33328; 954-452-5000 Ext. 220; Web site: www.ross-realty.com. Tamarac – Westpoint Center, a 16,570 sq.ft. neighborhood shopping center located at the intersection of Commercial Boulevard and Hiatus Road, has spaces available from
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1,400 sq.ft. to 1,800 sq.ft. Cotenants include Dunkin’ Donuts, Rotelli Pizza and Subway. Area demographics include a population of 319,756 within five miles earning $63,356 as the average household income. The average daily traffic count is 53,500 vehicles. The asking rent is $16 psf NNN with CAM of $9 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.com.
Centralia – A 276,600 sq.ft. center located at the intersection of West Broadway Avenue and South Brookside Avenue has space available. Cotenants include Schuncks, Peebles, Buchheit and Sears. For details, contact Tim Todaro, Phillips Edison & Co., 11501 Northlake Drive, Cincinnati, OH 45249; 440334-8371; Fax 513-618-4445; Email: ttodaro@phillipsedison.com; Web site: www.phillipsedison.com.
Georgia Atlanta – A 5,400 sq.ft. freestanding building situated on 0.57 acres at the intersection of Roswell Road and Old National Highway is available. Area demographics include a population of 200,158 within five miles earning $132,606 as the average household income. The asking rent is $15 psf NNN with taxes of $2.51 psf. For details, contact Craig D. Samson or Erin Hinchey, Win Properties, Inc., 10 Rye Ridge Plaza, Suite 200, Rye Brook, NY 10573; 914-468-7300, Fax 914-4687330; Emails: csamson@winprop.com and ehinchey@winprop.com.
Chicago – A 1,380 sq.ft. space located along North Clybourn Avenue is available. Cotenants include Men’s Wearhouse, Dirk’s Fish & Gourmet Shop, Panera Bread, Chiasso, Jamba Juice, Pier 1 Imports and Chicago Home Fitness. Area retail includes Treasure Island Center and Pottery Barn Kids. For details, contact Gwen Callans, Atlas Partners, LLC, 55 East Monroe Street, Suite 2910, Chicago, IL 60603; 312-516-5705, Email: gwen@atlaspartners.com; Web site: www.atlaspartners.com. Washington – Cherry Tree Shopping Center, located at the intersection of Route 24 and Cummings Lane, has a divisible 25,200 sq.ft. former furniture store available. For details, contact Michael Tetuan or Joe Kunst, DK Real Estate
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April 15, 2011
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Space Place
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Illinois
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Maryland
Services, 312-795-2597 or 630-421-1954; Emails: tetuanm@draperandkramer.com and kunstj@draperandkramer.com.
479-7198; Email: aponcher@streetsense.com; Web site: www.streetsense.com.
household income. The average daily traffic count is 80,000 vehicles. For details, contact Leonard Pick, Renaud Consulting, 8605 Westwood Center Drive, Suite 309, Vienna, VA 22182; 703-4042346; Email: lpick@renaudconsulting.net; Web site: www.renaudconsulting.net.
Indiana Kendallville – Fairview Center, a 113,592 sq.ft. center located along U.S. Highway 6, has space available. Area retail includes Walmart Supercenter. The average daily traffic count is 20,000 vehicles. For details, contact Jeff Kerr, Kerr Real Estate; 269-420-5156.
Langley Park – Langley Park Shopping Center, a 137,835 sq.ft. center located at the intersection of New Hampshire Avenue and University Boulevard, has spaces available of 2,400 sq.ft.; 3,500 sq.ft.; 4,000 sq.ft. and 13,514 sq.ft. Rite Aid, Hancock Fabrics, Ashley Stewart and Sally Beauty Supply anchor the center. Area demographics include a population of 509,494 within five miles earning $82,680 as the average
Mitchelville – Lake Arbor Shopping Center, located at the intersection of Lake Arbor Way and Campus Way North, has three spaces of 1,460 sq.ft. available along with a 2,000 sq.ft. (continued on page twenty)
Kentucky
Reach oveR 55,000 Retail Real estate decision makeRs with just one click.
Alexandria – A 207,600 sq.ft. center located at the intersection of U.S. Highway 27 and East Alexandria Pike has space available. Cotenants include Walmart Supercenter, Country Market, Sears and Tuesday Morning. For details, contact Tim Todaro, Phillips Edison & Co., 11501 Northlake Drive, Cincinnati, OH 45249; 440334-8371; Fax 513-618-4445; Email: ttodaro@phillipsedison.com; Web site: www.phillipsedison.com. Paducah – A 128,502 sq.ft. center located at the intersection of James Sanders Boulevard and Hinkleville Road has space available. Cotenants include Adecco, Books-AMillion, Catherines, Chico ’s, Dollar Tree, Luxor Nails, Merle Norman, Office Depot, PetSmart, T.G.I. Friday’s, T.J. Maxx and Talbot’s. 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/paducah-shopping.
Real estate auctions narrow windows for marketing opportunities make e-Blasts essential.
developeRs & BRokeRs Retail real estate for lease and for sale moves fast with quality e-Blast leads.
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Maryland Chevy Chase – A 1,600 sq.ft. space located at the intersection of Wisconsin Avenue and South Park Avenue is available. Area retail includes Jandel, Brooks Brothers, Bloomingdales, Saks Fifth Avenue, Neiman Marcus, Tiffany & Co., Jimmy Choo, Dior, Louis Vuitton, Gucci, Barney’s Co-op and Cartier. Area demographics include a population of 994,470 within seven miles earning $78,429 as the median household income. For details, contact Andrew Poncher, Streetsense Cos., Inc., 4600 East West Highway, Suite 800, Bethesda, MD 20814; 240-
seRvice pRovideRs decision makers look for key vendors and resources to enhance operations and cash flow.
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space. Area demographics include a population of 141,823 within five miles earning $83,143 as the median household income. For details, contact Joe Caputo, Capitol Commercial Realty, 1050 Connecticut Avenue Northwest, 10th Floor, Washington, DC 20036; 301-947-6901; Email: joe@capitolcommercialrealty.com; Web site: www.capitolcommercialrealty.com.
Massachusetts Shrewsbury – White City Shopping Center, located along Boston Turnpike, has spaces available from 2,456 sq.ft. to 4,982 sq.ft. along with a 6,600 sq.ft. former Bugaboo Creek Steak House pad site. For details, contact Dan Zelson, Charter Realty & Development, 183 Main Street, Westport, CT 06880; 203-227-2922; Email: dan@chartweb.com; Web site: www.chartweb.com.
New Jersey Cherry Hill – A center located along Marlton Pike/Route 70 has a divisible space of 40,000 sq.ft. available along with a 40,000 sq.ft. lower-level space. Cotenants include Syms. For details, contact Jason Bock, Michael Salove Co., 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215-568-2600 Ext. 21; Email: jbock@salove.com; Web site: www.salove.com. Kinnelon – The Kinnelon Mall, located along Kinnelon Road, has spaces available of 639 sq.ft.; 1,398 sq.ft. and 6,077 sq.ft. Pathmark anchors the center and cotenants include Clearview Cinemas. For details, contact TJ DiTrani, Lester M. Entin Associates, 1033 Clifton Ave, Clifton, NJ 07013; 973-773-1010; Fax 973-7734228; Email: tj@lmeassoc.com.
New York Brooklyn – A center located along Flatbush Avenue between Avenue U and Avenue T has a 2,400 sq.ft. space available. Area retail includes FedEx Office, The Vitamin Shoppe, Casual Male XL, RadioShack, Sprint, CVS, Sears, Rite Aid, Victoria’s Secret, Waldbaums, Kings Plaza Mall and Macy’s. New York – A 2,200 sq.ft. ground-floor space located along Wall Street is available. Area retail includes Thomas Pink, Tiffany, Canali, Hermes, True Religion, La Maison du Chocolat, Capital Grille, Cipriani, Haru, page 20
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Bobby Van’s, Crumbs, Tourbillon and My Suit. Also, a 1,250 sq.ft. ground-floor space with a 350 sq.ft. basement located along Eighth Avenue between 15th Street and 16th Street is available. Area retail includes Banana Republic, Chase, Citibank, NYSC, Bank of America, Starbucks, Blue Ginger and Duane Reade. Also, a building located along West 60th Street between Amsterdam Avenue and West End Avenue has spaces available of 1,248 sq.ft.; 1,427 sq.ft.; 1,580 sq.ft.; 1,715 sq.ft. and 3,435 sq.ft. Area retail includes CVS, Duane Reade, D’Agostino, Chase Manhattan Bank, Starbucks, Rosa Mexicano, Ethan Allen and HSBC. For details regarding the Brooklyn property, contact Tatiana Voevodina or Richard Smith, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212792-2643/2631; Emails: tatiana@winick@com and rsmith@winick.com; Web site: www.winick.com. For details regarding the Wall Street property, contact Darrell Rubens or Annie Shinn, 212-7922616/2625; Emails: rubens@winick.com and ashinn@winnick.com. For details regarding the Eighth Avenue and West 60th Street properties, contact Steven E. Baker or Sam Mann; 212792-2636/2635; Emails: stevenb@winick.com and smann@winick.com.
Forest Park – A 95,000 sq.ft. center located at the intersection of Interstate 275 and Hamilton Avenue has space available. Cotenants include Ollie’s Bargain Outlet. For details, contact Tim Todaro, Phillips Edison & Co., 11501 Northlake Drive, Cincinnati, OH 45249; 440334-8371; Fax 513-618-4445; Email: ttodaro@phillipsedison.com; Web site: www.phillipsedison.com.
Mt. Vernon – A center located along East Prospect Avenue has a ground-floor space of 3,300 sq.ft. available. Cotenants include Food Town, Rite Aid, RadioShack, McDonald’s, Dunkin’ Donuts, Papa John’s, Blimpie, Domino’s Pizza and HSBC Bank. The asking rent is $30 psf with CAM and taxes of $9 psf. For details, contact Doug Kaminsky or Cory G. Zelnik, Zelnik & Co., LLC, 424 Madison Avenue, New York, NY 10017; 212-223-2200, Fax 212-223-0004; Emails: doug@zelnikco.com and cory@zelnikco.com; Web site: www.zelnikco.com. Staten Island – A 14,020 sq.ft. freestanding building located along Hylan Boulevard is available. Also, Eltingville Shopping Center, a 73,550 sq.ft. center located along Amboy Road between Richmond Avenue and Armstrong Avenue, has spaces available of 2,388 sq.ft.; 3,661 sq.ft. and 6,245 sq.ft. Cotenants include Rite Aid, Perkins, Subway and Carvel. For details, contact Nicholas J. Forelli, Muss Development LLC, 118-35 Queens Boulevard, Forest Hills, NY 11375; 718263-3800 Ext. 307, Fax 718-263-5069; Email: nforelli@muss.com; Web site: www.muss.com.
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Pennsylvania Carlisle – Carlisle Marketplace, located along South Spring Garden Street, has a 4,500 sq.ft. space available along with three spaces of 2,000 sq.ft. Giant anchors the center. Area demographics include a population of 45,002 within five miles earning $67,355 as the average household income. Horsham – Village Mall, located at the intersection of Blair Mill Road and Moreland Road, has a 105,569 sq.ft. space available. Cotenants include Acme, Dollar Tree and Rite Aid. Area demographics include a population of 180,019 within five miles earning $95,301 as the average household income. For details regarding the Carlisle property, contact Jarett Parker, Kimco Realty Corp., 170 West Ridgely Street, Suite 210, Lutherville, MD 21093, 410-684-2000; Email: jparker@kimcorealty.com; Web site: www.kimcorealty.com. For details regarding the Horsham property, contact Nina Rogers, 6 Coulter Avenue, Suite 1000, Ardmore, PA 19003; 610-896-7560; Email: nrogers@kimcorealty.com. York – Gabriel Brothers Plaza, a 177,459 sq.ft. community shopping center located at the intersection of Route 124 and Haines Road, has spaces available of 1,000 sq.ft.; 3,000 sq.ft. and 4,200 sq.ft. along with a divisible space of 3,825 sq.ft. Cotenants include Amelia’s Grocery Outlet. Area demographics include a population of 140,026 within five miles earning $65,928 as the average household income. For details, contact David E. Nicholson or Chad Ward, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373 Ext. 607/958, Fax 717-560-9909; Web site: www.lms-pma.com.
Texas Laredo – Independence Plaza, located at the intersection of Bob Bullock Loop and (continued on page twenty-two)
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Space Place Texas
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McPherson Avenue, has spaces available of 1,300 to 6,000 sq.ft. along with a 14,000 sq.ft. junior-anchor space and a 1.42-acre outlot. H-E-B Plus anchors the center and cotenants include Ross Dress for Less, Ulta, Petco, T.J. Maxx, Hobby Lobby, McDonald’s, Payless ShoeSource, Little Caesar’s, H&R Block, Q Nails, Pout Cosmetics and Lone Star Liquor. Area retail includes Walmart. For details, contact Barry Haydon, Durhman & Bassett Realty Group, Inc., 100 East Anderson Lane, Austin, TX 78752; 512-628-5353; Email: barryhaydon@dbrealty.net. San Antonio – A strip center located along Blanco Road has spaces available from 1,400 to 2,800 sq.ft. The asking rent is $21 psf NNN. Also, an 8,640 sq.ft. space located along Broadway is available along with a 13,040 sq.ft. freestanding building and a 23,100 sq.ft. parcel. For details regarding the Blanco Road property, contact Richard Simonite, PF Properties, 909 Northeast Loop 410, Suite 100, San Antonio, TX 78209; 210-
Texas
Virginia
394-5007; Email: rsimonite@pfproperties.net. For details regarding the Broadway property, contact Patrick Ferris, 8610 North New Braunfels Avenue, Suite 205, San Antonio, TX 78217, 210-824-3323; Email: pferris@pfproperties.net.
15,922 sq.ft. along with a divisible space of 3,874 sq.ft. and a pad site. Bloom, CVS, Gold’s Gym and Dollar General anchor the center. Area demographics include a population of 22,221 within five miles earning $105,626 as the average household income. The average daily traffic count is 32,000 vehicles. For details, contact Marty Flax, Renaud Consulting, 8605 Westwood Center Drive, Suite 309, Vienna, VA 22182; 301-9807686; Email: mflax@renaudconsulting.net; Web site: www.renaudconsulting.net.
San Antonio – A 960 sq.ft. space located along Harry Wurzbach Highway is available. Area retail includes Domino’s Pizza and First Cash. Area demographics include a population of 233,932 with five miles earning $57,894 as the average household income. The average daily traffic count is 25,000 vehicles. For details, contact Silvia G. Gangel, SiGa International Commercial Real Estate, 70 Northeast Loop 410, Suite 560, San Antonio, TX 78216; 210-650-0380; Fax 210-650-5630; Email: sgangel@sigainternational.com.
Virginia Warrenton – Warrenton Town Centre, a 119,545 sq.ft. center located along Frost Avenue/Route 211, has spaces available of 1,202 sq.ft.; 1,400 sq.ft.; 2,858 sq.ft. and
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Wisconsin Eau Claire – South Point Plaza, located along Mall Drive, has a 1,400 sq.ft. space available. Cotenants include Festival Foods and Famous Dave’s BBQ. Area retail includes Micon Cinemas, HOM Furniture, PHY Weight Loss, Little Caesar’s, Scottrade, Great Clips, Cartridge World and Savers. For details, contact Pam White, Mid States Development, Inc., 715-723-2223 Ext. 14; Email: pwhite@midstatesdevelopment.com; Web site: www.midstatesdevelopment.com. DM
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NOTHING FANCY IS GOOD BUSINESS IS GOOD BUSINESS
There’s nothing fancy about everyday shopping needs: picking up dry cleaning in the morning, grabbing pizza for lunch, shopping after work for a new DVD, take-out food, sweat socks, shampoo or even bread and butter. Everyday necessity shopping drives daily customer traffic to the retail, food and “big box” stores at Cedar’s Bread & Butter shopping centers. Our tenants have long-term leases that generate predictable cash flow and our strong balance sheet permits us to take advantage of attractive acquisition and redevelopment opportunities. It may be nothing fancy, but it is good business.
Cedar Shopping CenterS, inC. DEvElOpErS, OwNErS AND MANAGErS
OF BrEAD & BUTTEr SHOppING CENTErS®
www.cedarshoppingcenters.com
Dots three year growth plan includes opening new stores in all 28 states.
Site Criteria * Power centers, regional and community shopping centers with national tenants, deep discount anchors, dominant supermarket or discount apparel anchors * Targeting 4,000 to 5,000 square feet with a minimum 40 foot storefront
Demographic Profile * Metropolitan, urban and suburban markets * Typical trade area population of at least 75,000 * Median household income of $45,000 to $65,000
* More than 400 stores! * 28 STATES! Real Estate Contacts Kyle Koenig 440-349-7040 Director of Real Estate
kkoenig@dots.com
John Clark 440-349-7744 Director of Store Development
jclark@dots.com
Stephanie Griffith 440-424-2513 Regional Real Estate Manager
sgriffith@dots.com
Philip Grassie 440-349-7825 Real Estate Representative
pgrassie@dots.com