Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XVI
April 19, 2013
FEATURING home-related Chains Expand Nationwide Harbor Freight Tools operates 400 locations nationwide. The stores, offering power, air and hand tools, automotive and motorcycle parts, household items, lawn & garden supplies and building materials, occupy spaces of 13,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Bronx and Manhattan, NY during the coming 18 months, with representation by Retail Zone. The company will also consider locations in endcaps of strip centers. For more information, contact Mitch Weiss, Retail Zone, 19-02 Whitestone Expressway, Suite 404, Whitestone NY 11357; 718-321-7700 Ext. 3, Fax 718-228-6499; Email: mitch@retalizone.net; Web site: www.harborfreight.com. Aaron’s operates 2,000 locations nationwide and in Canada. The stores, offering the sale and rental of furniture, electronics, home appliances and accessories, occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in various retail settings. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by National Real Estate Brokerage. The company prefers to locate in centers with grocery store or Walmart anchor. For more information, contact Jeff Gelberman, National Real Estate Brokerage, 10319 Westlake Drive, Suite 284, Bethesda, MD 20817; 301-7708585, Fax 301-770-8591; Email: jeff@nreb.net; Web site: www.aarons.com.
Kitchen Kapers, Inc. trades as Kitchen Kapers at 13 locations throughout DE, NJ and PA. The stores, offering bakeware and cooking products, coffee and tea items, small appliances, cookbooks, home accessories and gift sets, as well as offering cooking classes in select locations, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in freestanding locations, malls, lifestyle, power and specialty centers, as well as urban/downtown areas. Growth opportunities are sought throughout NJ and PA during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Talbots, Banana Republic, Ann Taylor, Coldwater Creek and Trader Joe’s. For more information, contact Rick Kratchman, Kitchen Kapers, Inc., 1250 Marlkress Road, Cherry Hill, NJ 08003; 856-424-3400; Email: rick@kitchenkapers.com; Web site: www.kitchenkapers.com. Kitz & Pfeil Hardware Co. trades as Kitz and Pfeil True Value at five locations throughout WI. The home improvement stores, offering tools, paint, electrical and plumbing supplies, outdoor equipment and hardware items, occupy spaces of 15,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought within 50 miles of Oshkosh, WI during the coming 18 months. The company prefers to acquire sites. For more information, contact Jim Stapel, Kitz & Pfeil Hardware Co., 427 North Main Street, Oshkosh, WI 54901; 920-236-3340. (continued on page eight)
This issue contains information on: • Retailers operating 60,600 locations with plans to open 7,178 sites • Real estate valued in excess of $60 million to be bought, sold & financed • Leasing activity on over 1.327 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
national focus New Construction Paramount Development Corp. to break ground in NC................ Pg. 3 Buyers & Sellers Marcus & Millichap brokers Kmart and Weis Markets anchored center.......................... Pg. 4 Who’s Opening & Where Wakefern Food Corp. is ramping up expansion.............................. Pg. 5 Dick’s Sporting Goods ambitious growth plans............................... Pg. 5 Altar’d States anticipates 20 openings next year..................... Pg. 5 Food Chains Expand Larosa’s to enter five states.......... Pg. 6 Lease Signings Rein & Grossoehme brokers Hobby Lobby deal in AZ............ Pg. 7 Making the News The Shopping Center Group staffs up...................................... Pg. 7 Sources of Financing Johnson Capital places loan on center in OK............................... Pg. 7 Exclusives Trinity Partners takes on four centers in NC............................. Pg. 8 Lead Sheet Beauty Bransds Salon Spa Superstore projects 47 openings Pg. 9 DSW plans 10 to 15 openings.... Pg. 11 Space Place................................ Pg. 14
new construction Prime Commercial, Inc. is preleasing Merrill Gardens, a mixed-use center located along Winchester in Campbell, CA. Area demographics include a population of 523,211 within a three-mile radius earning $127,499 as the average household income. For more information, contact Doug Ferrari or Dixie Divine, Prime Commercial, Inc., 1543 Lafayette Street, Suite C, Santa Clara, CA 95050; 408-879-4002/4001, Fax 408-8794004; Emails: dferrari@primecommercialinc.com and ddivine@ primecommercialinc.com; Web site: www.primecommercialinc.com.
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Director of Business Development Brenda Buchanan • brenda@dealmakers.net Sales Executive Jacqueline Pelicano • jp@dealmakers.net Customer Service Kelly Hancarik • custserv@dealmakers.net Co-Founder Ted Kraus • 1979–2007
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First Development Corp. is preleasing a shopping center located along Francis Lewis Boulevard/45th Drive in Bayside, NY. A divisible space of 19,000 sq.ft. is available. The center will have a 21,000 sq.ft. medical office on the second floor and a space with a drive-thru is also available. Area retail includes Waldbaums and Astoria Federal Savings. Area demographics include a population of 477,497 within three miles earning $71,420 as the average household income. The average daily traffic count is 25,000 vehicles. For more information, contact David Gelfond or Bruce Pollack, First Development Corp., 1328 Motor Parkway, Hauppauge, NY 11749; 631-234-3200, Fax 631-2343695; Emails: dg@fdcrealty.com and bp@fdcrealty.com. Paramount Development Corp. is developing a 45-acre shopping center site located along Market Street, west of Cypress Pond Way in Porters Neck, NC. Construction is slated to begin during early 2014. For more information, contact Paramount Development Corp., 607 Briarwood Drive Myrtle Beach, SC 29572; 843-3614433, Fax 843-361-4436; Web site: www.paramountdevcorp.com. Michael Salove Co. is preleasing a 5.5 acre development located at the intersection of Route 73 and Church Road in Mt. Laurel, NJ. Pad sites of 3,000 sq.ft. to 20,000 sq.ft. are available. For more information, contact Michael Salove Co., 1845 Walnut Street, 6th Floor, Philadelphia, PA 19103; 215-568-2600; Web site: www.salove.com. Vakos Real Estate is preleasing a development located along Old Battlefield Boulevard in South Chesapeake, VA. Spaces from 1,510 sq.ft. to 7,969 sq.ft. are available. For more information, contact Robbie Lester, Mark R. Huffman or Chris Waller, Vakos Real Estate, 10151 Southpoint Parkway, Fredericksburg, VA 22407; 540898-3242 Ext. 1026/1017/1031; Emails: rlester@vakosre.com; mhuffman@wjvco.com and cwaller@wjvco.com. Cassidy Turley is preleasing Connersville Commons, a 42,000 sq.ft. development located along Highway 1 in Connersville, IN. Plans call for a 12,400 sq.ft. Goodwill freestanding store and 25,100 sq.ft. of shop space. Area retail includes Walmart. For more information, contact Cassidy Turley, One American Square, Suite 1300, Indianapolis, IN, 46282; 317-634-6363; Web site: www.cassidyturley.com.
Lincoln Property Co. is redeveloping The Desmond, a 78,500 sq.ft. five-story building located at the intersection of 11th Street and Hope Street in Los Angeles, CA. Street front and restaurant space is available. Area draws include the Staples Center. Construction is slated to be completed during mid 2014. The property is located near major transportation systems, including the Downtown Dash Bus and metro rail system. For more information, contact Emily Heidt, Lincoln Property Cos., 915 Wilshire Boulevard, Suite 2050, Los Angeles, CA 90017; 310-974-6682; Web site: www.lpcsocal.com. Casandra Properties, Inc. is preleasing Downtown Plaza, a 42,000 sq.ft. development located along Bay Street in Staten Island, NY. Shop spaces of 22,000 sq.ft. on the first floor and 20,300 sq.ft. on the second floor are available. The center is located near the Staten Island Ferry. Asking rent is $30 psf for the first floor and $25 psf for the second level. For more information, contact Casandra Properties; 718-816-7799; Email: info@casandraproperties.com; Web site: www.casandraproperties.com. Cleri Construction Corp. is redeveloping Johnston Towne Center, located along Hartford Avenue in Johnston, RI. Price Rite is anchoring the center and cotenants include BankRI. Plans call for 40,000 sq.ft. of shop space. The center is slated to open during summer 2014. For more information, contact Cleri Construction Corp., 105 Peck Hill Road, Johnston, RI 02919; 401-647-7660; Email: clericorp@aol.com; Web site: D www.clericorp.com. M
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April 19, 2013 | Page 3
buyers and sellers Cornerstone Property Advisors is selling a 1.519 acre outparcel at Ashley Road Plaza, located along Alleghany Street in Charlotte, NC. Area retail includes BiLo, Walgreens, Pizza Hut, Save-A-Lot and Kmart. Area demographics include a population of 123,592 within five miles earning $59,019 as the average household income. For more information, contact Charles S. Neil, Cornerstone Property Advisors, 1850 East Third Street, Suite 220, Charlotte, NC 28204; 704-358-9990, Fax 704-918-1294; Email: cneil@cornerstonepropertyadvisors.com.
Lincoln Harris, LLC is selling Paw Creek Crossing, situated on 9.752 acres along Little Rock Road in Charlotte, NC. Area draws include Charlotte-Douglas International Airport. Area retail includes Papa John’s, Circle K, BB&T and Dollar General. Area demographics include a population of 101,171 within five miles earning $54,314 as the average household income. The asking price is $1.295 million. For more information, contact Chris Vasbinder, Lincoln Harris, LLC, 100 North Tryon Street, Suite 3120, Charlotte, NC 28202; Email: chris.vasbinder@lincolnharris.com; Web site: www.lincolnharris.com.
Marcus & Millichap negotiated the sale of Mount Pocono Plaza, a 207,455 sq.ft. community shopping center located along Route 940 in Mount Pocono, PA. At the time of sale, an 86,479 sq.ft. Kmart and a 54,338 sq.ft. Weis Markets anchors the center and tenants included Rainbow, Rent-A-Center, Payless ShoeSource, Wells Fargo and McDonald’s. The property was acquired for $12 million. The company represented the seller in the transaction. For more information, contact Spencer Yablon, Marcus & Millichap; 215-531-7000; Web site: www.marcusmillichap.com.
Coldwell Banker Commercial Atlantic International, Inc. negotiated the sale of a $265,000 sq.ft. retail property located along Remount Road in North Charleston, SC. The company represented the seller, Buffalo Creek Land Co., in the transaction. For more information, contact James Warrington, Coldwell Banker Commercial Atlantic International, Inc., 3506 West Montague Avenue, Suite 200, Charleston, SC 29418; 843-744-9877, Fax 843-744-9879; Web site: www.cbcatlantic.com.
Phillips Edison|ARC Shopping Center REIT, Inc. acquired a portfolio of three shopping centers including Kleinwood Center, a 148,963 sq.ft. center located in Spring, TX; Murray Landing, a 64,359 sq.ft. center located in Irmo, SC and Vineyard Center, a 62,821 sq.ft. center in Tallahassee, FL. For more information, contact Phillips Edison|ARC Shopping Center REIT, Inc., 11501 Northlake Drive, Cincinnati, OH 45249; Web site: www.phillipsedison-arc.com.
Hanley Investment Group negotiated the sale of a 31,140 sq.ft. CVS situated on 2.54 acres along Beach Boulevard in Huntington Beach, CA. The property was acquired for $13.87 million with a Cap rate of 5.56%. The company represented the seller in the transaction. For more information, contact William B. Asher, Edward B. Hanley or Eric P. Wohl, Hanley Investment Group; 949-585-7684/7677/7673; Web site: www.hanleyinvestment.com.
National Net Lease Realty has arranged the $2.730 million sale of a net leased 10,125 sq.ft. CVS situated on 1.5 acres at the intersection of Darby Drive and Florence Boulevard in Florence, AL. The tenant has more than seven years remaining on its NN lease featuring rent escalations every five years. The company represented the seller and the buyer in the transaction. The sale closed at a Cap rate of 7.5%. For more information, contact Terry Marks, National Net Lease Realty, 350 South River Road, Suite B3, New Hope, PA 18938; 215-862-4335, Fax 215-862-4336; Email: terrymarks123@comcast.net; Web site: www.terrymarks.com. Cassidy Turley is selling a 58,207 sq.ft. shopping center situated on 6.23 acres in Columbia, SC. The center is 88% occupied and tenants include Save-A-Lot, Dollar General, Rent-A-Center and Citi Trends. Area demographics include a population of 108,000 within five miles. The average daily traffic count is 35,000 vehicles. The NOI is $338,477. The asking price is $3.65 million with a Cap rate of 9.3%. For more information, contact Drew Fleming or Mark Joines, Cassidy Turley; 404-682-3410/3416; Emails: drew.fleming@cassidyturley.com and mark.joines@cassidyturley.com. Velocity Retail Group, LLC negotiated the sale of two Mattress Firms, including a 5,057 sq.ft. store located along North 500 West in Bountiful, UT for $2.357 million and a 3,971 sq.ft. store along West Franklin in Boise, ID for $1.862 million. For more information, contact Bonnie Arlia, Velocity Retail Group, LLC; 602-6826020; Email: ba@velocityretail.com; Web site: www.velocityretail.com. Childers Real Estate Services, LLC is looking to acquire single tenant and strip center properties nationwide. Suitable properties are priced between $5 million and $10 million. For more information, contact Tom W. Childers, Childers Real Estate Services, LLC; 888-963-9511; Email: tom@childers.com.
Lincoln Harris, LLC is selling Paw Creek Crossing in Charlotte, NC. Page 4 | April 19, 2013
NAI Avant negotiated the sale of a 0.73 acre pad ste located along Two Notch Road in Columbia, SC. The site was acquired for $335,000 and will be developed by Red Development Partners, LLC for a future Family Dollar. For more information, contact Bruce Harper, NAI Avant; 803-744-9805; Email: bharper@naiavant.com; Web site: www.naiavant.com. Dealmakers Magazine | www.dealmakers.net
buyers and sellers Calkain Cos. is selling a 13,500 sq.ft. CVS situated on 1.22 acres in Orlando, FL. The tenant is bound to a 25-year lease with 21 years remaining on the initial term. Area demographics include a trade-population earning $60,000 as the average household income. The average daily traffic count is 29,000 vehicles. The NOI is $220,000. The asking price is $4.4 million. The company is also selling a 5,400 sq.ft. Wells Fargo Bank situated on 1.2 acres in Orange City, FL. The tenant is bound to a 20-year lease with 16 years remaining on the initial term. Area demographics include a population of 83,000 within five miles earning $60,000 as the average household income. The average daily traffic count is 23,000 vehicles. The NOI is $198,000. The asking price is $4.168 million. For more information, contact Patrick Nutt or Michael Zimmerman, Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 954-302-7365/954-7906611; Emails: patrick.nutt@calkain.com and mzimmerman@calkain.com. Jones Lang LaSalle is selling Shiloh Square, a 139,720 sq.ft. shopping center located in Kennesaw, GA. Kroger anchors the center. Area demographics include a population of 71,000 within three miles earning $76,000 as the average household income. The company is also selling Village at Northshore, a 144,638 sq.ft. shopping center located in Slidell, LA. Bed Bath & Beyond, Marshalls, Dollar Tree, Baskins Western Wear and JoAnn Fabrics anchor the center. The property is 96.5% occupied. For more information, contact Margaret Caldwell, Kris Cooper or Blanton Cook, Jones Lang LaSalle, 3344 Peachtree Road Northeast, Suite 1200, Atlanta, GA 30326; 404-995-2270/2271/2269; Emails: margaret.caldwell@am.jll.com; kris.cooper@am.jll.com and blanton.cook@am.jll.com. Newmark Knight Frank is selling an 8.51 acre pad site located at the intersection of West Grand Avenue and North Knowles Road in Gurnee, IL. The asking price is $1.8 million. The company is also selling a 23,101 sq.ft. former car dealership situated on four acres along West Grand Avenue in Gurnee, IL. Area demographics include a population of 128,013 within five miles earning $80,096 as the median household income. The average daily traffic count is 27,900 vehicles. For more information, contact Denise Stein Chaimovitz, Jim Schutter or Luke Sementa, Newmark Knight Frank; 847588-5683/312-224-3210/312-224-3974; Emails: denise@newmarkkfe.com; jschutter@ngkf.com and lsementa@ngkf.com; Web site: www.newmarkkfe.com. DM Dealmakers Magazine | www.dealmakers.net
who’s opening and where Wal-Mart Stores, Inc. (479-273-4000) is slated to open a 90,000 sq.ft. Walmart store at the intersection of Coit Road and Arapaho Road in Dallas, TX during fall 2014. The company is also planning to open a 42,000 sq.ft. Walmart Neighborhood Market store at the site of a former Borders store located at the intersection of Wendover Avenue and Penny Road near Palladium Shopping Center in High Point, NC during the fall. The company also plans to open a 5,093 sq.ft. Walmart on Campus store at Vista del Sol Shopping Center on Arizona State’s University Tempe campus, located along Apache Boulevard, near Rural Road, in Tempe, AZ. The company trades as Walmart, Walmart Supercenter and Walmart Neighborhood Market and currently operates more than 9,000 locations nationwide and internationally throughout 15 countries. Wakefern Food Corp. (732-462-4700) plans to open a 75,000 sq.ft. ShopRite grocery store at Admiral Wilson Plaza, a proposed 150,000 sq.ft. shopping center located at the intersection of Admiral Wilson Boulevard and 17th Street in Camden, NJ. The location is slated to open during 2015 and will be the first supermarket to open in the city in more than 30 years. The company operates under the trade names ShopRite and PriceRite throughout CT, DE, MA, MD, NJ, NY, PA and RI. Fantastic Sams (888-263-4432) is planning to open a hair salon at Lakewood Center, an 8,500 sq.ft. center located at the intersection of Valley Mills Drive and Wooded Acres Drive in Waco, TX. The company will join Smashburger, Mama Fu’s Asian House and Palm Beach Tan. Area retailers include Aldi. The company currently operates more than 1,200 locations nationwide. Dollar General Corp. (615-855-4000) is planning to open 12 Dollar General stores throughout WI and 50 locations in CA, as part of a plan to open 635 locations throughout the U.S. this year. The company, offering food items, health and beauty products, cleaning supplies and pet items, currently operates 10,500 locations throughout 40 states nationwide. Dunkin’ Brands (781-737-3000), under a franchisee, is planning to open a 2,000 sq.ft. Dunkin’ Donuts location at the site of a former Blimpie’s at Southport Plaza in Southport, NY during the fall. The company, offering coffee, donuts and breakfast sandwiches, currently operates more than 10,000 locations throughout 32 countries worldwide.
Dick’s Sporting Goods, Inc. (724-2733400) will open 40 Dick’s Sporting Goods stores during the fiscal year, and relocate one location, as part of a long term plan to operate 900 stores throughout the U.S. The company, offering sporting goods, outdoor products and hunting and fishing items, currently operates 518 Dick’s Sporting Goods throughout 44 states and 81 Golf Galaxy stores throughout 30 states nationwide. Publix Super Markets, Inc. (863-688-1188) is planning to open a Publix supermarket at Ballantyne Town Center in Charlotte, NC during early 2014. It will be the company’s first location in the state. The company, offering discounted food and beverage items, currently operates 1,070 locations throughout AL, FL, GA, SC and TN. CVS Caremark Corp. (877-265-7325) is planning to open a CVS pharmacy at the intersection of West Center Street and Central Square in West Bridgewater, MA. Area retail includes Family Dollar and McDonald’s. The company, offering healthcare and beauty products, drinks and snacks, currently operates more than 7,000 locations nationwide. Doc B’s Fresh Kitchen (312-255-0902) is opening a 3,100 sq.ft. restaurant along East Walton Street in Chicago, IL during August. The company, which plans to operate 50 locations during the coming 10 to 12 years, is also slated to open a second location in the River North section of Chicago, IL during spring 2014. Papa Joe’s Gourmet Market & Catering (248853-6263) is planning to open a store at First National Building in Detroit, MI during 2014. Area retail includes Moosejaw, Salon Detroit and Just Topped. The gourmet grocer, also offering catering services, currently operate two locations in Birmingham and Rochester Hills, MI. Hobby Lobby Stores, Inc. (405-7451100) is planning to open a 57,807 sq.ft. Hobby Lobby store in a former Albertson’s, located along U.S. Highway 441 in Mount Dora, FL. The company, offering arts and crafts, home décor, jewelry and seasonal items, currently operates 525 locations throughout 42 states nationwide, including 17 stores in FL. Altar’d State (800-284-7348) is planning to open 20 stores during 2014. The company, offering apparel, accessories and footwear for women, currently operates 20 locations throughout 10 states nationwide. DM April 19, 2013 | Page 5
food chains expand nationwide Subway operates 36,500 locations nationwide and internationally. The sub shops occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in power and specialty centers, malls and freestanding locations. Growth opportunities are sought throughout upstate NY during the coming 18 months, with representation by Vanguard-Fine, LLC. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include Walmart, supermarkets, pharmacies and home improvement retailers. Preferred demographics include a population of 7,000 within five miles. Major competitors include Blimpie and Quiznos. The company is franchising. For more information, contact Ken Brownell, Vanguard-Fine, LLC, 1529 Western Avenue, Suite 102, Albany, NY 12203; 518-862-0861 Ext. 201, Fax 518-867-3082; Email: kbrownell@vanguardfine.com; Web site: www.vanguardfine.com.
Wing Zone operates 100 locations nationwide and internationally. The restaurants occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in entertainment, outlet, specialty, strip and value centers, as well as freestanding locations and college campuses. Plans call for 10 openings throughout the east coast, primarily the southeastern U.S., and Midwest regions of the U.S. during the coming 18 months, with representation by Ape Realty, Inc. Typical leases run five years with a five-year option. A vanilla shell and specific improvements are required. Major competitors include Buffalo Wild Wings, Wing Stop and Wings To Go. The company prefers high visibility locations and outparcels of 0.5 acres are preferred. All site submittals must be sent via email. For more information, contact Mark Camara, Ape Realty, Inc., 4491 West Whitewater Avenue, Weston, FL 33332; Email: mcamara@aperealty.com; Web site: www.aperealty.com.
Larosa’s, Inc. trades as Larosa’s at 65 locations throughout IN, KY and OH. The restaurants occupy spaces of 1,200 sq.ft. to 5,800 sq.ft. in endcaps and inline spaces of shopping centers, as well as freestanding locations. Plans call for six to 10 openings throughout the existing markets in addition to NC, PA, TN, VA and WV during the coming 18 months. Typical leases run 20 to 25 years. A vanilla shell is required. Preferred demographics include a population of 20,000 within two miles. The company is franchising. For more information, contact Michelle McMahon, Larosa’s, Inc., 2334 Boudinot Avenue, Cincinatti, OH 45238; 513347-5660, Fax 513-347-4695; Email: franchiseinquiryline@larosas.com; Web site: www.larosas.com/franchise.
Gosh Enterprises, Inc. trades as Charley’s Grilled Subs at 500 locations nationwide and internationally. The restaurants, offering grilled steak, chicken and turkey sandwiches, fries and salads, occupy spaces of 600 sq.ft. to 2,000 sq.ft. in entertainment, lifestyle, regional and power centers, as well as malls, freestanding locations and urban/downtown areas. Growth opportunities are sought nationwide and internationally during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. For more information, contact Larry Payne, Gosh Enterprises, Inc., 2500 Farmers Drive, Suite 140, Columbus, OH 43235; 614-923-4700, Fax 614-923-4701; Email: lpayne@charlets.com; Web site: www.charleys.com.
Steak ‘N Shake plans to open three locations in the greater Denver, CO area during the coming 18 months. Page 6 | April 19, 2013
Golden Corral operates 500 locations throughout 40 states nationwide. The family style restaurants, offering all-you-can-eat buffets, occupy spaces of 11,088 sq.ft. in endcaps of power centers, freestanding locations, or pad sites. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Keller Williams Signature Realty. The company prefers shopping centers with a GLA of at least 500,000 sq.ft. For more information, contact Kelvin Chen, Keller Williams Signature Realty; 626826-8886; Email: kelvinchen88@yahoo.com. Steak ‘N Shake operates 500 locations throughout 22 states nationwide. The restaurants, offering burgers and shakes, occupy spaces of 3,200 sq.ft. in freestanding locations and pad sites. Plans call for three openings throughout the greater Denver, CO area during the coming 18 months, with representation by Axio Commercial Real Estate. A drive-thru and a land area of one acre is required. The company prefers locations with high traffic counts. For more information, contact John Livaditis, Axio Commercial Real Estate, 1060 Bannock Street, Suite 300, Denver, CO 80204; 303-592-7300; Email: john@axiore.com; Web site: www.axiore.com. Mel’s Drive-In operates seven locations throughout CA. The restaurants occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout San Francisco and southern CA, as well as Las Vegas, NV and NY during the coming 18 months. Expansion is for franchise and corporate locations. For more information, contact Steven Weiss, Mel’s Drive-In, 8585 Sunset Boulevard, Hollywood, CA 90069; 310-413-9009, 310-919-3065; Email: melsdrivein1@yahoo.com; Web site: www.melsdrive-in.com. Mamma Ilardo’s Corp. trades as Mamma Ilardo’s Pizzeria at 11 locations throughout MD, NV and Washington, DC. The pizzerias occupy spaces of 400 sq.ft. to 1,900 sq.ft. in lifestyle, entertainment and outlet centers, tourist centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. For more information, contact Harry Ilardo, Mamma Ilardo’s Corp., 28 Allegheny Avenue, Suite 1207, Towson, MD 21204; 410-296-9104, Fax 410-296-9156; Email: harry@mammailardos.com; Web site: www.mammailardos.com. DM Dealmakers Magazine | www.dealmakers.net
lease signings SRS Real Estate Partners (214-560-3215) negotiated the following leases: with Carter’s Retail, Inc. for a 3,749 sq.ft. store at Abercorn Common in Savannah, GA, with the company representing the tenant in the transaction; with Norma’s Café for a 3,884 sq.ft. restaurant at The Centre at Preston Ridge, located along Gaylord Parkway in Frisco, TX, with the company representing the tenant in the transaction; with Rusty Barn for 1,800 sq.ft. at Richardson Heights Shopping Center at the intersection of Belt Line Road and U.S. 75/North Central Expressway in Richardson, TX, with the company, along with Revere Commercial, representing the landlord, Hartman Income REIT, in the transaction; with Mellow Mushroom for a 9,664 sq.ft. restaurant at the intersection of Ray Road and 50th Street in Phoenix, AZ, with the company, along with Lee & Associates, representing the tenant in the transaction; with Tailgaters Sports Grill and II Primo Pizza & Wings for 5,518 sq.ft. at the intersection of Bell Road and Reems Road in Surprise, AZ, with the company representing the tenant in the transaction and with Café Rio for a 4,020 sq.ft. restaurant, Maytag-Just-Like-Home-Laundry for a 2,800 sq.ft. laundromat, Buffalo Wild Wings for an additional 2,400 sq.ft. outdoor patio space and with Miracle Ear for 1,050 sq.ft. store at Woodlands Village Shopping Center in Flagstaff, AZ, with the company representing the landlord, PDC Community Centers, LLC, in all transactions. The company also negotiated six leases with Select Comfort: for a 2,580 sq.ft. store at Shops at Marcus Dairy in Danbury, CT; for 3,608 sq.ft. at King’s Crossing Shopping Center in Fairfield, CT; for 3,400 sq.ft. along Northern Boulevard in Manhasset, NY; for 4,816 sq.ft. along Route 10 West in East Hanover, NJ and for 4,825 sq.ft. in the Plaza K Shopping Center located along U.S. Route 1 South in Woodbridge, NJ and for 3,251 sq.ft. at the intersection of Sheffield Avenue and North Clyburn Avenue in Chicago, IL, with the company representing the tenant in all of the transactions. Rein & Grossoehme Commercial Real Estate (480-214-9419) negotiated a lease with Super 99 Cents for a 22,000 sq.ft. store along East Main Street in Mesa, AZ. The company represented the landlord, Bolo Corp., in the transaction. The company also negotiated a lease with Hobby Lobby for a 54,811 sq.ft. anchor position at Plaza Vista Mall, located along Highway 90 in Sierra Vista, AZ. The company represented the landlord, LBUBS 2004-C2 Highway 90 Retail, LLC, and DE Johnson & Associates represented the tenant in the transaction. Dealmakers Magazine | www.dealmakers.net
Zell Commercial Real Estate Services, Inc. (602-248-0600) negotiated the following leases throughout AZ: with The Joint Chiropractic for a 1,188 sq.ft. space at Arrowhead Palms Shopping Corner, located at the intersection of 75th Avenue and Bell Road in Peoria, with the company representing the landlord, Arrowhead Palms, LLC, and Catalyst Commercial representing the tenant in the transaction; with Fitness Wave for 1,300 sq.ft. and with Sunless Body Glo for 394 sq.ft. at Ranch Circle Plaza, located at the intersection of Ray Road and North Ranch Circle Drive in Phoenix, with the company representing the landlord, Ranch Circle, LLC and Ranch Circle II, LLC, in the transactions; with Lilly’s Grill for a 3,600 sq.ft. restaurant at Villago Marketplace, located at the intersection of Pinal Avenue and McCartney Road in Casa Grande, with the company representing the landlord, Evergreen-McCartney & Pinal Nec, LLC, and Diamond Properties representing the tenant in the transaction and with Clothes Minded for a 1,200 sq.ft. store at Foothills Park Place Shopping Center, located at the intersection of 48th Street and Ray Road in the Ahwatukee section of Phoenix, with the company representing the landlord, Foothills Shopping Center, LLC, in the transaction and KW Commercial representing the tenant in the transaction. Retail Solutions (512-474-5557) negotiated the following leases throughout TX: with Five Below for a 7,642 sq.ft. store at Lakeline Plaza, located at the intersection of Highway 183 and RR 620 in Cedar Park, with the company representing the landlord and Edge Realty Partners representing the tenant in the transaction; with Create-a-Cig for a 1,500 sq.ft. store at Willow Court Shopping Center, located along East Oltorf in Austin, with the company representing the tenant and the landlord in the transaction and with Xian Sushi & Noodle for a 2,000 sq.ft. restaurant at Market District in Mueller, with the company representing the tenant and The Weitzman Group representing the landlord in the transaction. Brixmor Property Group (646-344-8670) negotiated a lease extension with Goldmine Jewelry & Gifts for a 1,200 sq.ft. store at Oakwood Commons, located at the intersection of Lebanon Pike/Highway 70 and Andrew Jackson Parkway in Hermitage, TN. Goodman Real Estate Services Group (216381-8200) negotiated a lease with Chipotle Mexican Grill along Euclid Avenue in Cleveland, OH. The company represented D M the tenant in the transaction.
real estate professionals making the news
The Shopping Center Group (770-955-2434) named nine employees as partners: Jamie Green, director of corporate accounting; Gregg Katz, director of innovation and technology; Lori Schwartz, director of property accounting and John Sebring, director of property management in Atlanta, GA office; Shana Thompson, divisional office manager in Raleigh, NC office and Kevin Mayhugh, broker and Kevin Schreiber in the Louisville, KY office and Jordon Cohn, broker and Marie Tarone, divisional office manager in White Plains, NY. The company specializes in tenant representation, surplus disposition, project leasing, property management and construction supervision, investment advisory, capital market and location analytic services. Robert K. Futterman (212-599-3700) hired Ed Ezra as managing director. Prior to joining the company, Ezra served as vice president at Vornado Realty Trust and as senior director of real estate at Liz Claiborne, Inc. The company, headquartered in New York, NY, specializes in retail leasing, investment sales and consulting services. SRS Real Estate Partners (214-560-3215) hired Janie French as senior business development manager at the firm’s Dallas, TX office. In her new role, French will work with marketing and business development teams to support and facilitate business development initiatives. Prior to joining the company, French served as director of marketing and communications at United Commercial Realty. The company, headquartered in Dallas, TX, specializes in brokerage, corporate, development, investment and management services. BMC Capital (214-526-7178) hired Beck Beckham as vice president of debt/equity at the firm’s Dallas, TX office. DM
sources of financing Johnson Capital negotiated a $4.2 million loan for Mayfair Shopping Center, a 64,935 sq.ft. center located in Broken Arrow, OK. The 10-year loan was provided by Morgan Stanley and features a 4% interest rate and a 30-year amortization period. The company provides loans ranging from $1 million to $300 million for retail, industrial, office, multifamily and hotel properties. For more information, contact Jason Pumpelly, Johnson Capital, 7557 Rambler Road, Suite 560, Dallas, TX 75231; 469-3647001; Email: jpumpelly@johnsoncapital.com; D Web site: www.johnsoncapital.com. M April 19, 2013 | Page 7
home-related chains expand nationwide (continued from page one)
Northern Tool & Equipment Co. Inc. trades as Northern Tool & Equipment at 82 locations throughout FL, GA, IA, KS, MN, MO, MS, NC, ND, NE, OK, SC, SD, TN, TX, VA and WI. The stores, offering power, air and hand tools, as well as building materials and outdoor products, occupy spaces of 15,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought throughout AL, AR, CO, FL, GA, IA, IL, IN, KS, KY, LA, MN, MO, MS, NC, NM, OK, TX, VA and WI during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 350,000 within 30 miles earning $40,000 to $80,000 as the average household income. A land area of two acres is required for freestanding locations. For more information contact Brent Obert or Duane Boris, Northern Tool & Equipment Co., Inc., 2800 Southcross Drive West, Burnsville, MN 55306; 952808-6629/6809, Fax 952-641-2503; Email: brent.obert@northerntool.com and duane.boris@northerntool.com; Web site: www.northerntool.com. For additional information, contact Clay Mote, Venture Commercial, 214-378-1212; Email: cmote@venturedfw.com. Airbase Carpet & Tile Mart operates 11 locations throughout DE and PA. The stores, offering carpet, hardwood, tile, vinyl and natural stone flooring, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought
throughout Deptford, NJ and Downingtown and Exton in Chester County, Springfield in Delaware County and Oaks, Plymouth Meeting and King of Prussia in Montgomery County, Oxford Square in Bucks County and in southern Philadelphia, PA during the coming 18 months. Preferred demographics include a population of 80,000 within 10 miles. The company will only acquire sites. For more information, contact Michael Longwill, Airbase Carpet & Tile Mart, 230 North Dupont Highway, New Castle, DE 19720; 302-328-1597 Ext. 222, Fax 302322-9151; Email: mlongwill@carpetmart.com; Web site: www.carpetmart.com. Blinds To Go, Inc. trades as Blinds To Go at 85 locations throughout CT, DE, MA, MI, NJ, NY, PA, VA and Ontario and Quebec, Canada. The stores, offering custom made blinds and shades, occupy spaces of 4,600 sq.ft. to 45,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Brooklyn, Nanuet and Long Island, NY and Boston, MA during the coming 18 months. Typical leases run 10 years with three, five-year options. A turnkey is preferred. Preferred cotenants include Home Depot and Lowe’s Home Improvement. In Quebec, the company operates under the trade name Le Marche du Store. For more information, contact Yves Pardo, Blinds To Go, Inc., 3510 St. Joseph Boulevard East, Montreal, Quebec, Canada H1X 1W6; 514-255-4000, Fax 514-259-9992; Email: ypardo@blindstogo.com; Web site: www.blindstogo.com.
Continental Rental, Inc. trades as Continental Rental at 22 locations throughout MI. The stores, offering the rental and sale of appliances, furniture and electronics, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact John Theiler, Continental Rental, Inc., PO Box 1308, Bay City, MI 48706; 989-686-7011, Fax 989-6868785; Web site: www.continentalrto.com. The Sherwin Williams Co. trades as SherwinWilliams at 4,000 locations nationwide and internationally. The home improvement stores, offering paint and related products, occupy spaces of 5,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought during the coming 18 months. Typical leases run five years with options. For more information regarding expansion throughout the southwestern region of the U.S., 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-williams.com. For more information regarding expansion throughout the eastern region of the U.S., contact Bill Siehl, The Sherwin Williams Co. (Eastern Division), 313 Technology Drive, Malvern, PA 19355; 610-647-9115 Ext. 145, D Fax 610-640-2960. M
exclusives and leasing assignments Robert K. Futterman & Associates, LLC (212599-3700) is representing 7-Eleven with its expansion plans throughout Manhattan, NY occupying spaces of 1,700 sq.ft. to 3,500 sq.ft. in locations with high pedestrian foot traffic counts. The company was also appointed as the exclusive leasing agent for Queens Plaza North, a 16,000 sq.ft. shopping center located in Long Island, NY.
Winick Realty Group (212-792-2650) has been appointed the exclusive broker for a 10,000 sq.ft. retail space located at the intersection of West 64th Street and West End Avenue in the Upper West Side section of New York, NY. The property features a 5,400 sq.ft. ground floor space and a 4,630 sq.ft. second floor. Area draws include Time Warner Center and Lincoln Center.
Streetsense (301-538-8270) is representing Dollar General with its expansion plans throughout MD and Washington, DC. The stores occupy spaces of 9,000 sq.ft. to 25,000 sq.ft. in shopping centers and freestanding locations. The company prefers to locate in areas with dense traffic counts and high visibility.
Trinity Partners (704-295-0413) has been named the exclusive leasing agent for four shopping centers throughout NC: Community Square Shopping Center, a 33,626 sq.ft. center located along South Memorial Drive in Winterville; East Gate Shopping Center, a 44,113 sq.ft. center, Rivergate Shopping Center, a 50,986 sq.ft. center and Rivergate
Page 8 | April 19, 2013
East Shopping Center, a 16,604 sq.ft. center located along East Tenth Street in Greenville. Denenberg Realty Advisors (617-7205656) is representing the following retailers with their expansion plans throughout MA: H&R Block utilizing 1,000 sq.ft. to 1,200 sq.ft. in first floor retail spaces; Edward Jones occupying spaces of 800 sq.ft. to 1,200 sq.ft. in first and second floor retail spaces; Family Dollar utilizing spaces of 8,000 sq.ft. to 10,000 sq.ft. east of Route 495; Menchie’s Frozen Yogurt using spaces of 1,200 sq.ft. to 2,000 sq.ft. and Nestle Café by Chip occupying spaces of 200 sq.ft. in kiosks and 800 sq.ft. to 1,250 D sq.ft. for storefronts. M Dealmakers Magazine | www.dealmakers.net
lead sheet Jo-Ann Fabrics Sandy Golden c/o CBRE, Inc. 777 East Wisconsin Avenue Milwaukee, WI 53202 414-274-1639, Fax 414-273-4362 Email: sandy.golden@cbre.com Web site: www.cbre.com
Arts/Crafts/Fabrics The 790-unit chain operates locations nationwide. The stores, offering arts and crafts items, fabrics, frames and seasonal merchandise, occupy spaces of 12,000 sq.ft. to 22,000 sq.ft. in freestanding locations and inline spaces of power centers. Growth opportunities are sought throughout WI during the coming 18 months, with representation by CBRE, Inc. Preferred cotenants include grocery stores and home improvement and female-oriented retailers.
Neebo, Inc. Steve Clemente PO Box 80529 Lincoln, NE 68501 402-421-7300, Fax 402-421-0507 Web site: www.nebook.com
Books The 275-unit chain operates locations nationwide. The book stores occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. near college campuses and universities. Growth opportunities are sought throughout the existing market during the coming 18 months.
Kwik Shop, Inc. dba Kwik Shop Clay Brasher PO Box 1927 Hutchinson, KS 67504-1927
Convenience The 125-unit chain operates locations throughout IA, KS and NE. The convenience stores occupy spaces of 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Beauty Brands Salon Spa Superstore Mitch Truster 4600 Madison, Suite 400 Kansas City, MO 64112 816-960-5760, Fax 816-399-6760 Email: mitchtruster@beautybrands.com Web site: www.beautybrands.com
Cosmetics The 54-unit chain operates locations throughout AZ, CO, IA, IL, IN, KS, MO, NC, NE, OK and TX. The stores, featuring a salon and spa, as well as offering beauty supplies, occupy spaces of 6,500 sq.ft. to 7,000 sq.ft. in freestanding locations and endcaps of lifestyle, power and specialty centers. Plans call for 47 openings throughout the existing markets over the next five years. Typical leases run five to 10 years. Specific improvements are required. Preferred cotenants include women’s fashion retailers. Preferred demographics include a population of 100,000 within five miles earning $75,000 as the average household income.
P & K, Inc. dba Splash Perfumes Jacob Pfeffer 11401 Northwest 12th Street, Suite 460 Miami, FL 33172 954-457-6099, Fax 305-731-2030 Email: jacob@splashperfumes.com Web site: www.splashperfumes.com
Cosmetics The three-unit chain operates locations throughout FL. The stores, offering brand name perfumes, occupy spaces of 600 sq.ft. to 1,000 sq.ft. in malls. Plans call for one to two openings throughout southern FL during the coming 18 months. Typical leases run three to five years.
Dollar City Jeff Gelberman c/o National Real Estate Brokerage 10319 Westlake Drive, Suite 284 Bethesda, MD 20817 301-770-8585, Fax 301-770-8591 Email: jeff@nreb.net Web site: www.nreb.net
Discount The seven-unit chain operates locations throughout MD and northern VA. The stores, offering discounted general merchandise, occupy spaces of 3,000 sq.ft. to 10,000 sq.ft. in malls, power, specialty and strip centers, as well urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by National Real Estate Brokerage. The company prefers to locate in grocery-anchored centers and is site-selective.
Dealmakers Magazine | www.dealmakers.net
April 19, 2013 | Page 9
lead sheet Dollar Tree and Deals Tom Rettaliata, Ester Bukai, Richard Senior, Miles Mahony, Joanne Argenti and Daniel Glazer c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Web site: www.ripcony.com
Discount Dollar Tree operates 4,671 locations nationwide and throughout Canada. Deals operates 180 locations nationwide. The stores, offering discounted general merchandise, occupy spaces of 10,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Bronx, Brooklyn, Long Island, Manhattan, Rockland and Westchester, NY during the coming 18 months, with representation by Ripco Real Estate.
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 12-unit chain operates locations throughout northern CO. The dry cleaning centers occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in strip centers. Growth opportunities are sought throughout Longmont and north Denver, CO during the coming 18 months. Typical leases run five years with options. Specific improvements and a vanilla shell are required. Preferred cotenants include grocery stores.
Blast Fitness Matthew May c/o May Realty Advisors 15206 Ventura Boulevard, Suite 302 Sherman Oaks, CA 91403 818-528-3999, Fax 888-905-7559 Email: matthew@mra.la Web site: www.mayrealtyadvisors.com
Fitness The 86-unit chain operates locations throughout AZ, CA, CT, FL, IL, MA, MN, MO, NC, NH, NY, RI, TX and WI. The fitness centers occupy spaces of 18,000 sq.ft. to 25,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout southern CA in Los Angeles, Orange, Ventura, Riverside and San Bernardino during the coming 18 months, with representation by May Realty Advisors. Typical leases run 10 years. The company will also consider bi-level locations.
The Yankee Candle Co. Inc. dba Yankee Candle Anthony P. Villani 16 Yankee Candle Way South Deerfield, MA 01373 Fax 413-665-8569 Web site: www.yankeecandle.com
Gifts The 538-unit chain operates locations nationwide. The stores, offering scented candles, occupy spaces of 1,100 sq.ft. to 1,600 sq.ft. in malls, lifestyle and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include Target, Kohl’s, Pier 1 Imports, Gap, Talbots, Chico’s and Ann Taylor. Preferred demographics include a population of 150,000 within five miles earning $75,000 as the average household income.
Beauty Management, Inc. dba Perfect Look Sue Dunn 270 Beavercreek Road, Suite 100 Oregon City, OR 97045 503-723-3232 Web site: www.perfectlooksalons.com
Hair The 89-unit chain operates locations throughout the western region of the U.S. The hair salons occupy spaces of 800 sq.ft. to 1,600 sq.ft. in malls, outlet and strip centers. Growth opportunities are sought throughout AZ, ID, OR and WA during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include grocery stores. Major competitors include Super Cuts and Great Clips.
Great Clips David DePetris c/o Legend Properties, Inc. 521 Plymouth Road, Suite 118 Plymouth Meeting, PA 19462 610-941-4034, Fax 610-941-4038 Email: ddepetris@lpre.com Web site: www.lpre.com
Hair The 3,300-unit chain operates locations nationwide and in Canada. The hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in freestanding locations, community, neighborhood, mixed-use, regional and strip and power centers, as well as urban/downtown areas. Growth opportunities are sought throughout DE, southern NJ and eastern PA during the coming 18 months, with representation by Legend Properties, Inc. Typical leases run five years. Specific improvements are required. Preferred cotenants include supermarkets. The company is franchising.
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Dealmakers Magazine | www.dealmakers.net
lead sheet Sport Clips Scott Sher or Greg Batista c/o Sabre Real Estate Group 500 Old Country Road, Suite 209 Garden City, NY 11530 516-874-8070 Ext. 514/515 Emails: scott@sabreny.com and greg@sabreny.com Web site: www.sabreny.com
Hair The 1,000-unit chain operates locations nationwide. The men’s hair salons occupy spaces of 900 sq.ft. to 1,500 sq.ft. in shopping centers. Growth opportunities are sought throughout NJ and NY during the coming 18 months, with representation by Sabre Real Estate Group.
Auto-Photo Canada, Ltd. dba Auto Photo George Grostern 5778 Royalmount Avenue Montreal, Quebec Canada H4P 1K5 514-731-1637, Fax 514-342-0750 Web site: www.autophoto.ca
Photo The 350-unit chain operates locations throughout Canada. The photo booths occupy spaces of 15 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run one to five years.
DSW Steve Ramey 810 DSW Drive Columbus, OH 43219 614-237-7100 Email: steveramey@dswinc.com Web site: www.dsw.com
Shoes The 367-unit chain operates locations nationwide throughout 43 states. The stores, offering footwear and accessories, occupy spaces of 18,000 sq.ft. to 20,000 sq.ft. in power centers. Plans call for 10 to 15 openings annually nationwide.
Fleet Feet, Inc. dba Fleet Feet Sports Frank Pitts PO Box 1269 Carrboro, NC 27510 919-942-3102, Fax 919-932-6176 Email: frank.pitts@fleetfeet.com Web site: www.fleetfeet.com
Shoes The 100-unit chain operates locations nationwide. The stores, offering footwear and apparel items, occupy spaces of 1,700 sq.ft. to 2,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company is franchising.
Goin’ Postal Mark Camara c/o APE Realty, Inc. 4491 West Whitewater Avenue Weston, FL 33332 Email: mcamara@aperealty.com Web site: www.aperealty.com
Service The 250-unit chain operates locations nationwide. The stores, offering shipping and postal supplies and services, occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in entertainment, outlet, specialty, strip and value centers, as well as urban/downtown areas. Plans call for 25 openings nationwide during the coming 18 months, with representation by APE Realty, Inc. The company prefers site submittals sent via email.
Aaron’s Kathy McCarthy c/o Atlas Realty Group 11510 North Community House Road, Suite 24 C Charlotte, NC 28277 704-494-7017 Email: kathymccarthy@atlasrealtygroup.org
Specialty The 2,000-unit chain operates locations nationwide and in Canada. The stores, offering the sale and rental of furniture, computers, electronics and appliances, occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations and inline positions of shopping centers. Growth opportunities are sought throughout NC, SC, TN and VA during the coming 18 months, with representation by Atlas Realty Group.
Dealmakers Magazine | www.dealmakers.net
April 19, 2013 | Page 11
lead sheet B. J. Alan Co., Inc. dba Phantom Fireworks Patrick Carlon 555 Martin Luther King Jr. Boulevard Youngstown, OH 44502 330-746-1064, Fax 330-746-4410 Email: pcarlon@fireworks.com Web site: www.fireworks.com
Specialty The 54-unit chain operates locations nationwide. The shops, offering fireworks and related items, occupy spaces of 6,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Plans call for four openings throughout FL, IN, KY, ME, MI, NH, PA, SC, TN and WI during the coming 18 months.
The UPS Store Director of Real Estate 6060 Cornerstone Court West San Diego, CA 92121 Web site: www.theupsstore.com
Specialty The 4,700-unit chain operates locations nationwide and in Canada and Puerto Rico. The stores, offering shipping, postal, printing and business services and supplies, occupy spaces of 800 sq.ft.to 1,800 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with a five-year option. Preferred cotenants include grocery, drug and department stores. The company prefers sites submittals through its web site.
Green Mountain Corp. dba Peter Glenn Ski & Sport Martin Underwood 2901 West Oakland Park Boulevard Ft. Lauderdale, FL 33311 954-484-7800, Fax 954-739-5724 Web site: www.peterglenn.com
Sporting Goods The 13-unit chain operates locations throughout FL, GA and VA. The sporting goods stores occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years with options.
The Dandelion Patch Lance Marine c/o CB Richard Ellis 1861 International Drive, Suite 300 McLean, VA 22102 703-905-0331, Fax 703-442-4956 Email: lance.marine@cbre.com Web site: www.cbre.com
Stationary The six-unit chain operates locations throughout Leesburg, Reston and Vienna, VA, as well as in MD and Washington, DC. The stores, offering stationary and personalized gift items, occupy spaces of 3,000 sq.ft. in lifestyle centers. Growth opportunities are sought throughout Arlington, Fairfax, Montgomery and Loudoun counties in VA during the coming 18 months, with representation by CB Richard Ellis. Preferred cotenants include Ann Taylor, Chicos, Talbots and White House|Black Market. Preferred demographics include a population of 150,000 within three miles earning $125,000.
Costco Wholesale Steve McArthur or Mike Drobrota c/o Northwest Atlantic 9 Corporate Park, Suite 230 Irvine, CA 92606 714-978-5020, Fax 714-978-5021 Emails: smcarthur@northwestatlantic.com and mdrobrota@northwestatlantic.com Web site: www.northwestatlantic.com
Wholesale Club The 622-unit chain operates locations nationwide and in Canada and internationally. The wholesale clubs occupy spaces of 154,000 sq.ft. in freestanding locations and pad sites of malls and power centers, as well as urban/downtown areas. Growth opportunities are sought throughout the northwestern region of the U.S., areas west from CO, during the coming 18 months, with representation by Northwest Atlantic. A land area of 12 acres is required for freestanding locations. Preferred demographics include a population of 200,000 within five miles earning $75,000 as the average household income. Major competitors include BJ’s Wholesale Club and Sams Club.
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 12 | April 19, 2013
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Connecticut
Rolling Hills Estates – Promenade on the Peninsula, a 374,186 sq.ft. open-air lifestyle center located along Silver Spur Road between Hawthorne Boulevard and Crenshaw Boulevard, has spaces available. Cotenants include Ann Taylor Loft, Chico’s, Gap, J. Crew, Starbucks, Williams-Sonoma, Pottery Barn and Banana Republic. Area demographics include a population of 78,859 within three miles earning $177,348 as the average household income. For more information, contact Joseph S. Soussana or Elizabeth Griggs, Stoltz, 725
Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 202/310541-0688 Ext. 112, Fax 610-664-1976; Emails: jsoussana@stoltzusa.com and egriggs@stoltzusa.com; Web site: www.stoltzusa.com.
Burger, Dalton’s Deli and European Wax. Area demographics include a population of 133,288 within five miles earning $170,580 as the average household income. The average daily traffic count is 34,300 vehicles. For more information, contact Jeff Kintzer, Royal Properties Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-2373403 Ext. 103, Fax 914-237-0196; Email: jeff@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com.
Connecticut Norwalk – Center Seven, located along Route 7/Main Avenue, has spaces available from 1,400 sq.ft. to 4,000 sq.ft. Cotenants include Starbucks, Planet Pizza, Jake’s Wayback
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mAy 19-22, 2013 | lAs veGAs, NevAdA the dealmakers will be distributed at ICSC RECon The Global Retail Real Estate Convention in Las Vegas, NV, delivering your advertising message to the real decision makers. Our readers respond and our advertisers get results. set the stAGe Book appointments in advance by placing your ad in The Dealmakers May 10th pre-show issue, telling everyone you’re ready to make deals! mAke A stAtemeNt Your ad will be hand-delivered to every attendee’s hotel room by 6 a.m. opening day and The Dealmakers May 24th show issue gets exposure on the show floor! FOllOw UP In addition to powerhouse companies that read The Dealmakers every week, the June 7th post-show issue is mailed to attendees — giving you added exposure!
Florida Aventura – Aventura Place, located at the intersection of 187th Street and 28th Court, has a space of 3,500 sq.ft. available. For more information, contact David Behar, Behar Real Estate Group, Inc., 18321 West Dixie Highway, Suite 204, Miami, FL 33160; 305-933-0614, Fax 305-933-0615; Email: michael@beharrealestategroup.com; Web site: www.beharrealestategroup.com. Pompano Beach – Dansk Plaza, a community center located at the intersection of 24th Avenue and 2nd Street, has spaces available from 2,025 sq.ft. to 7,216 sq.ft. Cotenants include Save-A-Lot and Walgreens. Area demographics include a population of 102,020 within three miles earning $53,574 as the average household income. For more information, contact Fred Battisti, Jr., DLC Management Corp., 580 White Plains Road, Tarrytown, NJ 10591; 404-817-3772, Fax 404-817-6625; Email: fbattisti@dlcmgmt.com; Web site: www.dlcmgmt.com.
Georgia Tifton – Westgate Plaza, a 16,307 sq.ft. shopping center located at the intersection of Virginia Avenue and Camden Way, has spaces available of 1,242 sq.ft., 2,275 sq.ft. and 4,290 sq.ft. Cotenants include Dollar General. Area demographics include a population of 23,487 within three miles earning $44,325 as the average household income. The average daily traffic count is 42,270 vehicles. For more information, contact Sherri Mann, Crossman & Co., 3333 South Orange Avenue, Orlando, FL 32806; 404-514-3517; Email: smann@crossmanco.com; Web site: www.crossmanco.com.
Illinois For more information, call 1-800-732-5856 • www.dealmakers.net Page 14 | April 19, 2013
Chicago – Spaces of 2,160 sq.ft., 3,400 sq.ft. and 7,321 sq.ft. are available at the Dealmakers Magazine | www.dealmakers.net
space place Illinois
Illinois
New Jersey
intersection of Irving Park Road and North Lamon Avenue. Area retailers include Marshalls, Sears, Subway, Dollar Tree, Office Depot, GameStop, Walgreens, Family Dollar, Pearl Vision and Burger King. Area demographics include a population of 460,397 within three miles earning a median household income of $62,170. The average daily traffic count is 28,600 vehicles. For more information, Tom Peterson, First Western Properties, 1205 West Adams, Chicago, IL 06067; 708-699-3486; Email: tom@1stwesternproperties.com; Web site: www.1stwesternproperties.com.
Olney – Shoppes of Olney, located at the intersection of Route 108 and Spartan Road, has two available spaces of 1,535 sq.ft, which can be combined. Area demographics include a population of 111,223 within five miles earning $102,241 as the median household income. For more information, contact Marc Ratner, Streetsense; 240-479-7209; Email: mratner@streetsense.com; Web site: www.streetsense.com.
daily traffic count is 81,000 vehicles. For more information, contact Justin Call, Stoltz Management, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 610667-5800 Ext. 155; Email: jcall@stoltzusa.com; Web site: www.stoltzusa.com.
Indiana Indianapolis – Spaces of 945 sq.ft. and 1,855 sq.ft. are available, and can be combined, at the intersection of East Washington Street and North Pennsylvania Street. Area demographics include a population of 45,245 within two miles earning $45,535 as the average household income. For more information, contact Patrick Boyle, Midland Atlantic; 317-580-9900; Email: pjboyle@midlandatlantic.us; Web site: www.midlandatlantic.com.
Maryland Baltimore – 40 West Plaza, a 198,000 sq.ft. community center located along Baltimore National Pike/Route 40, has inline spaces available of 1,350 sq.ft. to 4,500 sq.ft., in addition to an anchor space of 38,296 sq.ft. Cotenants include Babies R’ Us, Office Depot, PetSmart, Aldi, Dollar Tree, Five Below, McDonald’s and Applebee’s. Area demographics include a population of 251,755 within five miles earning $78,671 as the average household income. For more information, contact Stephanie Cramer Friedman, Combined Properties, 1025 Thomas Jefferson Street NW, Suite 700 East, Washington, DC 20007; 202-736-2827, Fax 202-833-3013; Email: sfriedman@combined.biz; Web site: www.combined.biz. Laurel – A land area of 1.8-acres, with a proposed 14,564 sq.ft. building, is available along Van Dusen Road. Area demographics include a population of 69,346 within three miles earning an average household income of $78,148. For more information, contact William Steffey, Oxford Chase Retail, 9861 Broken Land Parkway, Suite 210, Columbia, MD 21046; 410-312-7222 Ext. 104; Email: bill@oxfordchase.net; Web site: www.oxfordchase.net. Dealmakers Magazine | www.dealmakers.net
Massachusetts Boston – A divisible 3,342 sq.ft. ground level space, along with a 3,342 sq.ft. lower level space, is available along Charles Street. Area demographics include a population of 62,798 within one mile earning an average household income of $128,086. Dedham – Spaces of 1,600 sq.ft. and 2,200 sq.ft. are available along Legacy Boulevard. Area retailers include Whole Foods, Costco, L.L. Bean and Massage Envy. Area demographics include a population of 28,586 within two miles earning an average household income of $104,637. For more information regarding the Boston property, contact Adam Conviser, Conviser Property Group, Inc., 858 Washington Street, Suite 306, Dedham, MA 02026; 781-320-0600, Fax 781-791-4955; Email: adam@conviserpg.com; Web site: www.conviserpg.com. For more information regarding the Dedham property, contact Dan Gardner; Email: dan@conviserpg.com.
New Jersey Hamilton – The Shoppes at Hamilton, a 125,039 sq.ft. lifestyle center located along Route 130, has spaces of 1,135 sq.ft., 3,069 sq.ft. and 5,860 sq.ft. available. Cotenants include Anytime Fitness, Cheeburger Cheeburger, Sleep Number, Lane Bryant, Loft, The Children’s Place, Gymboree and Clarks. Area demographics include a population of 48,160 within three miles earning $92,797 as the average household income. Sicklerville – The Shoppes at Cross Keys, a 121,000 sq.ft. shopping center located at the intersection of Atlantic City Expressway and Berlin Cross Keys, has spaces available of 1,660 sq.ft., 3,500 sq.ft. and 10,000 sq.ft. Cotenants include New York & Company, White House|Black Market, Chico’s, Moe’s Southwest Grill, Yankee Candle, Carter’s, Banana Republic and Jos. A. Bank. Area demographics include a population of 60,132 within three miles earning $85,739 as the average household income. The average
Kinnelon – Kinnelon Mall, a 94,000 sq.ft. shopping center located along Kinnelon Road, has spaces available of 639 sq.ft., 1,398 sq.ft. and 6,077 sq.ft. Area demographics include a population of 114,434 within seven miles earning an average household income of $110,681. Livingston – A strip center along South Livingston Avenue has a 2,503 sq.ft. retail space available, along with a full basement space. Cotenants include Super Cuts, Dunkin Donuts and AT&T. Area demographics include a population of 231,307 within five miles earning an average household income of $138,532. The average daily traffic count is 37,000 vehicles. For more information regarding the Kinnelon property, contact Alison Cohen or Susan Preisler, Vanguard Realty, Inc., 195 Columbia Turnpike, Suite 100, Florham Park, NJ 07932; 201-341-5253/201-7390607; Emails: acohen@vanguardsite.com and spreisler@vanguardsite.com; Web site: www.vanguardsite.com. For more information regarding the Livingston property, contact Neal J. Richards; 973-443-9700 Ext. 15; Email: nrichards@vanguardsite.com.
New York Brooklyn – A 900 sq.ft. ground floor space, along with a 900 sq.ft. basement space, is available at the intersection of 4th Avenue and 22nd Street. Area retailers include Dunkin Donuts and KFC. For more information, contact Ryan P. Condren, Kristina Triglia or George Danut, CPEX Real Estate, 81 Willoughby Street, 8th Floor, Brooklyn, NY 11201; 718-6874212/4206/4220; Emails: rcondren@cpexre.com, ktriglia@cpexre.com and gdanut@cpexre.com; Web site: www.cpexre.com. Long Island – A 1,800 sq.ft. space, along with a basement storage space, is available along East Park Avenue. Area retailers include Dunkin Donuts, Radio Shack, Waldbaums, Curves and Pier 1 Imports. Area demographics include a population of 57,935 within three miles earning $103,756 as the average household income. The average daily traffic count is 45,000 vehicles. For more information, contact Edward Gottlieb and Kenneth Schuckman, (continued on page sixteen)
April 19, 2013 | Page 15
space place New York (continued from page fifteen)
Schuckman Realty, Inc., 7600 Jericho Turnpike, Suite 105, Woodbury, NY 11797; 516-496-8888; Emails: ed@schuckmanrealty.com and ken@schuckmanrealty.com; Web site: www.schuckmanrealty.com. New York – A 1,000 sq.ft. ground level space is available along 83rd Street, between Second Avenue and Third Avenue. Area retailers include Coffee Bean and Tea Leaf, Soul Cycle, Duane Reade, Food Emporium and 7-Eleven. For more information, contact Jill Lovatt, Massey Knakal Realty, 275 Madison Avenue, New York, NY 10016; 212-660-7704; Email: jlovatt@masseyknakal.com; Web site: www.masseyknakal.com. Queens – A 2,650 sq.ft. ground floor space, along with a basement space, is available along Greenpoint Avenue, between 45th Street and 46th Street. Area retailers include Subway, Hallmark, Rite Aid, McDonald’s, Yogurberry, Wendy’s and Dunkin Donuts. For more information, contact Cory G. Zelnik or Sean Philipps, Zelnik & Co.; 212-
New York
North Carolina
223-2200; Emails: cory@zelnikco.com and sean@zelnikco.com; Web site: www.zelnikco.com.
Sushi & Grill, America’s Mattress and Spice 9 Indian Cuisine. Area demographics include a population of 110,106 within five miles earning $89,620 as the average household income. The average daily traffic count is 42,000 vehicles. For more information, contact Peyton Gehron or Scott Mileham, New South Properties; 704-927-2887/2886; Emails: pgehron@newsouthprop.com and smileham@newsouthprop.com; Web site: www.newsouthprop.com.
North Carolina Charlotte – Idlewild Crossing Shopping Center, located at the intersection of Idlewild Road and East Harris Boulevard, has a 1,800 sq.ft. space available. Cotenants include Food Lion, Alicia’s Beauty Supply and Family Dollar. Area demographics include a population of 185,292 within five miles earning $62,710 as the average household income. The average daily traffic count is 61,000 vehicles. For more information, contact Susan Clements, Childress Klein Properties; 704342-9000, Fax 704-342-9039; Email: susan. clements@childressklein.com; Web site: www.childressklein.com. Concord – Promenade Shoppes at Concord Mills, located along Concord Mills Boulevard, has inline spaces up to 2,690 sq.ft. available, along with 1-acre pad site with a drive-thru. Cotenants include Yama
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Matthews – Stevens Mill Crossing, located at the intersection of Stevens Mill Road and Lawyers Road, has a 1,475 sq.ft. space available. Cotenants include Harris Teeter, CVS, McDonald’s, The UPS Store and Subway. Area demographics include a population of 60,331 within five miles earning $83,428 as the average household income. The average daily traffic count is 15,000 vehicles. Wingate – Spaces from 1,200 sq.ft. to 4,860 sq.ft. are available at the intersection of Highway 74 and Chaney Street. Area retailers include Food Lion. Area demographics include a population of 27,932 within five miles earning $56,914 as the average household income. The average daily traffic count is 24,000 vehicles. For more information, contact Charles S. Neil, Cornerstone Property Advisors, 1850 East Third Street, Suite 220, Charlotte, NC 28204; 704-3589990, Fax 704-918-1294; Email: cneil@ cornerstonepropertyadvisors.com; Web site: www.cornerstonepropertyadvisors.com.
Pennsylvania
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Easton – Lower Nazareth Commons, a 103,960 sq.ft. shopping center located at the intersection of Corriere Road and Dryland Way, has a 1,600 sq.ft. space available. Cotenants include Target, Longhorn Steakhouse, Great Clips, Zoup!, Five Guys Burgers and Fries, Wegmans, Sports Authority and The Vitamin Shoppe. Area demographics include a population of 119,281 within five miles earning $76,958 as the average household income. For more information, contact David Sherin, Regency Centers; 610-747-1212; Email: davidsherin@regencycenters.com; Web site: www.regencycenters.com. Pottstown – Coventry Mall, an 802,275 sq.ft. shopping center located at the intersection of Route 100 and Route 724, has spaces available from 1000 sq.ft. to 17,000 (continued on page eighteen)
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retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? Tenant Search includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches online can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any Web browser online, access up-todate information, print letters and save searches. Get the details on over 7,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise; Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
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space place Pennsylvania (continued from page sixteen)
sq.ft. Cotenants include Boscov’s, Dick’s Sporting Goods, Kohl’s, American Eagle Outfitters, Victoria’s Secret, TGI Friday’s, Pier 1 Imports and Ross Dress For Less. Area demographics include a population of 73,610 within five miles earning $73,584 as the average household income. The average daily traffic count is 86,900 vehicles. For more information, contact Barbara Sacks, Stoltz Management, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 204, Fax 610664-1976; Email: bsacks@stoltzusa.com; Web site: www.stoltzusa.com. Reading – Muhlenberg Shopping Plaza, a 145,000 sq.ft. shopping center located along 5th Street Highway/Route 222, has spaces available from 1,400 sq.ft. to 12,517 sq.ft. Cotenants include Ollie’s Bargain Outlet, Amelia’s Grocery Outlet, H&R Block and Sherwin Williams. Area demographics include a population of 80,441 within three miles earning an average household income of $50,178. The average daily traffic count is 14,000 vehicles.
Pennsylvania
Virginia
For more information, contact Michael Boden, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373 Ext. 911, Fax 717560-9909; Email: mboden@lms-pma.com; Web site: www.lms-pma.com.
5,000 sq.ft. Cotenants include Mattress Warehouse and Great Clips. Area demographics include a population of 102,127 within five miles earning an average household income of $87,007. For more information, contact Jonathan R. Garritt, Trout Daniel & Associates; 9690 Deereco Road, Suite 100, Timonium, MD 21093; 410-435-4004 Ext. 241; Email: jgarritt@troutdaniel.com; Web site: www.troutdaniel.com.
Springfield – Springfield Shopping Center, located at the intersection of Sproul Road/Route 32 and US 1 State Road, has a space of 21,379 sq.ft. available. Cotenants include Giant, Staples, Empire Beauty and H&R Block. The average daily traffic count is 74,000 vehicles. Area demographics include a population of 110,571 within three miles earning an average household income of $96,494. For more information, contact Nina Rogers, Kimco Realty, 6 Coulter Avenue, Suite 1000, Ardmore, PA 19003; 610-896-7560 Ext. 5; Email: nrogers@kimcorealty.com; Web site: www.kimcorealty.com.
Virginia Fredericksburg – Cosners Corner, located at the intersection of Route 1 and Route 17, has spaces available from 1,200 sq.ft. to
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Vienna – Ground floor retail spaces of 675 sq.ft., 1,300 sq.ft. and 4,148 sq.ft. are available in an office building at the intersection of Route 7/Leesburg Pike and International Drive. Area retailers include Caribou Coffee, Finnegan’s, T-Mobile, Tobacco World and New York Deli. Area demographics include a population of 237,211 within five miles earning an average household income of $150,730. The average daily traffic count is 65,000 vehicles. For more information, contact Shary Thur, Thur & Associates; 703-879-4960; Email: sthur@thurassociates.com; Web site: www.thurassociates.com. DM
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