Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XV
April 17, 2009
Apparel Chains Expand Nationwide My Suit operates three locations throughout NJ and NY. The stores, offering tailored suits, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations, enclosed malls and power and strip centers. Growth opportunities are sought throughout NJ and Manhattan, Long Island and Westchester, NY during the coming 18 months, with representation by Winick Realty Group. For more information, contact Young Byunn, Winick Realty Group, 655 3rd Avenue, 8th Floor, New York, NY 10017; 212-792-2645; Email: young@winick.com; Web site: www.mysuitny.com. J. Crew Inc. trades as J. Crew at 212 locations, J. Crew Factory Outlet at 75 locations and Crewcuts at six locations nationwide. The stores occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. in malls, urban/downtown areas and lifestyle and specialty centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years with two, five-year options. Preferred demographics include a population of 200,000 within 10 miles earning $75,000 as the average household income. Preferred cotenants include Ralph Lauren, Neiman Marcus, Nordstrom, Banana Republic, Ann Taylor, Abercrombie & Fitch, Gap and Talbot’s. For more information, contact Holly Cohen, J. Crew, Inc., 2 Penn Plaza, 26th Floor, New York, NY 10121; 212-209-2719, Fax 212-209-4705; Email: holly.cohen@jcrew.com; Web site: www.jcrew.com.
Peace Frogs operates 41 locations throughout DE, FL, MA, MD, MI, MO, MS, NJ, SC, TX, VA and Washington, DC. The stores, offering apparel and accessories, occupy spaces of 100 sq.ft. to 800 sq.ft. in tourist areas. Growth opportunities are sought throughout CA and the Caribbean during the coming 18 months. Typical leases run two to five years. Preferred demographics include a trade-area population of 500,000. The company is franchising. For more information, contact Catesby Jones, Peace Frogs, PO Box 137, Whitemarsh, VA 23183; 804-695-1314 Ext. 222, Fax 804-6951714; Email: catesby@mindspring.com; Web site: www.peacefrogs.com. Magawad, Inc. trades as 4M Fashions at eight locations throughout NJ and NY. The stores, offering dress and casual apparel for men and children, occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. in malls. Growth opportunities are sought throughout Atlanta, GA and Charlotte, NC during the coming 18 months. Typical leases run five years with a five-year option. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. For more information, contact Mike Atallah, Magawad, Inc., 1522 Atlantic Avenue, Atlantic City, NJ 08401; 609-347-7996, Fax 609-347-1255. (continued on page eight)
This issue contains information on:
* Retailers operating 15,965 locations with plans to open 508 sites * Real estate valued in excess of $189.05 million to be bought, sold & financed * Leasing activity on over 4.668 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring
National Focus New Construction Primestor Development is preleasing the third phase of Plaza Del Sol in South El Monte, CA............................. Pg. 3 Blanchard & Calhoun Commercial is preleasing a center in Augusta, GA........... Pg. 3 Openings PriceRite Supermarket plans a site in Buffalo, NY................. Pg. 4 Zumiez is slated to open 37 stores this year....................... Pg. 5 Sources of Financing Integrated Capital Options provides financing for transactions up to $25 million Pg. 6 Buyers & Sellers IC Options is selling a 1.5acre parcel in Plymouth, MN Pg. 6 Mahoney Realty Group looks to acquire properties in Delaware County, PA............ Pg. 7 Lease Signings Kowit & Passov negotiated a number of leases throughout OH...................... Pg. 7 Bankruptcies & Closings Drug Fair Group, Inc. has filed for Chapter 11 protection and is selling stores...................... Pg. 8 Food Retailers Expand Red Robin Restaurants looks for sites nationwide............... Pg. 8 Lead Sheet Green Valley Grocery is expanding throughout NV..... Pg. 9 Relax the Back looks to expand nationwide................ Pg. 12 Space Place........................... Pg. 14
For more news go to: www.dealmakers.net