Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XVI
April 25, 2014
FEATURING HOME-RELATED CHAINS EXPAND NATIONWIDE Mattress 1 One operates more than 150 locations throughout FL. The stores, offering mattresses and bedding products, occupy spaces of 2,200 sq.ft. to 4,500 sq.ft. in freestanding locations, endcaps of shopping centers and street fronts. Growth opportunities are sought throughout the panhandle area of FL, southern GA and Houston, TX during the coming 18 months, with representation by Real Property Specialists, Inc. Typical leases run five years with two, five-year options. For more information, contact Mike Charron, Real Property Specialists, Inc., 2345 West Sand Lake Road, Suite 100, Orlando, FL 32809; 407-812-8000 Ext. 113; Email: mike@realpropertyspecialists.com; Web site: www.realpropertyspecialists.com. Builders Discount Centers, Inc. trades as Builders Discount Center at 11 locations throughout NC and VA. The facilities, selling building materials, siding, lumber and windows, occupy spaces of 60,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC, SC and VA during the coming 18 months. The company prefers to acquire sites but will consider leasing. For more information, contact Glenn Perry, Builders Discount Centers, Inc., 1261 South Wesleyan Boulevard, Rocky Mount, NC 278032674; 252-442-2674, Fax 252-442-8059; Email: bdcgp@suddenlinkmail.com; Web site: www.buildersdiscount.net.
Menard, Inc. trades as Menards 280 locations throughout IA, IL, IN, KY, MI, MN, MO, ND, NE, OH, SD, WI and WY. The home improvement stores occupy spaces of 160,000 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 Target, Meijer, Sam’s Club and Walmart. Preferred demographics include a population of 100,000 within 10 miles. Major competitors include Home Depot and Lowe’s Home Improvement. For more information, contact Theron Berg, Menard, Inc., 5101 Menards Drive, Eau Claire, WI 54703; 715-876-2532, Fax 715-876-5998; Email: tberg@menard-inc.com; Web site: www.menardsrealestate.com. Kirkland’s operates more than 300 locations nationwide throughout 35 states. The stores, offering home décor, furniture items and related gifts, occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout NY during the coming 18 months, with representation by Charter Realty & Development Corp. For more information, contact Peter Levine, Charter Realty & Development Corp., 183 Main Street, Westport, CT 06880; 203-227-2922, Fax 203-227-8388; Email: peter@chartweb.com; Web site: www.chartweb.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 23,448 locations with plans to open 2,758 sites • Real estate valued in excess of $281 million to be bought, sold & financed • Leasing activity on over 2.7 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
NATIONAL FOCUS New Construction Ripco Real Estate is preleasing a development in Toms River, NJ..... Pg. 3 Who’s Openings and Where Garbanzo Mediterranean Grill looking to open locations throughout the northeast................ Pg. 5 Ross Dress for Less and dd’s Discount plan to open additional locations this year.......................... Pg. 5 Lorna Jane plans to open sites throughout AZ, FL and TX............. Pg. 5 Food Chains Expand Emack & Bolio’s Ice Cream & Yogurt planning to open 12 locations........................................ Pg. 6 Buyers and Sellers Capital Pacific Real Estate Brokerage Co. is selling a Bass Pro Shops in Dania Beach, FL.............. Pg. 7 Schaffer & Associates, LLC is seeking to acquire grocery anchored shopping centers............ Pg. 7 Tenant Reps Ross Realty Investments appointed as the exclusive leasing agent for Flamingo Market Place.................. Pg. 7 Lease Signings Z Realty Group, LLC negotiated a lease with Jos. A. Bank in Ridgewood, NJ.............................. Pg. 8 Lead Sheet Paragon Theaters is expanding into the Midwest and up and down the east coast of the U.S...................... Pg. 11 Smokers Host is planning to open five stores throughout IN and KY... Pg. 12 Sources of Financing Johnson Capital negotiated a $60 million loan for a retail site in Chicago, IL.................................... Pg. 14 Space Place................................... Pg. 14