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