Dealmakers Magazine | May 1, 2009

Page 1

Reporting The Nation’s Weekly News on Retailing & Retail Real Estate

Volume XXIV No. XVII

May 1, 2009

Apparel Chains Expand Nationwide Kidstown operates seven locations throughout NJ and NY. The full-service department stores, offering children’s and infants’ apparel, footwear, toys, furniture, basic items and accessories, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in outlet centers and urban/downtown areas. Plans call for four openings throughout the existing markets during the coming 18 months. Typical leases run 25 years. A vanilla shell is required. Preferred cotenants include moderate to valueoriented national tenants. For more information, contact Sammy Botton, Kidstown, 450 7th Avenue, Suite 1401, New York, NY 10123; 212-564-1616 Ext. 27, Fax 212630-0502; Email: sbotton@kidstownusa.com; Web site: www.kidstownusa.com. Ross Stores, Inc. trades as Ross Dress for Less at 922 locations nationwide and internationally. The stores, offering family apparel, accessories, footwear and home décor items, occupy spaces of 30,187 sq.ft. in regional malls and power and strip centers. Plans call for 52 openings nationwide during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred demographics include a population of 30,000 within three miles earning up to $40,000 as the average household income. Major competitors include Marshalls and T.J. Maxx. For more information, contact Gregg McGillis, Ross Stores, Inc., 4440 Rosewood Drive, Pleasanton, CA 94588-3050; 925965-4400, Fax 925-965-4174; Web site: www.rossstores.com.

J.H.D. Enterprises, Ltd. trades as Lim’s Menswear and Basix for Men at 29 locations throughout NC, SC and VA. The men’s apparel stores occupy spaces of 2,500 to 4,000 sq.ft. in mall locations. Plans call for two openings throughout the existing markets during the coming 18 months. Typical leases run five years. For more information, contact Bob Lim, J.H.D. Enterprises, Ltd., 951 Aviation Parkway, Suite 900, Morrisville, NC 27560; 919-465-2024, Fax 919-465-2025. De Janeiro Stores, Inc. trades as De Janeiro at seven locations throughout NY. The women’s apparel stores occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in urban/downtown areas. Plans call for three openings throughout New York, NY during the coming 18 months. For more information, contact Arthur Djamil, De Janeiro Stores, Inc., 420 Lexington Avenue, New York, NY 10170; 212-983-8933, Fax 212-344-5613. Talbot’s operates 580 locations nationwide and throughout Canada. The stores, offering women’s apparel, shoes and accessories, occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc. For more information, contact Brian Silbert, Silbert Realty & Management Co., Inc., 85A Division Avenue / PO Box 406, Millington, NJ 07946; 908-604-6900, Fax 908-604-2030; Email: info@silbertrealestate.com. (continued on page fourteen)

This issue contains information on:

* Retailers operating 16,799 locations with plans to open 871 sites * Real estate valued in excess of $66.93 million to be bought, sold & financed * Leasing activity on over 5.1 million sq.ft. of retail properties

Important News Please Expedite

Postmaster: Periodical

Featuring

National Focus New Construction Paster Enterprises is redeveloping a mall in Mendota Heights, MN........ Pg. 3 Openings Lululemon Athletica will open sites nationwide this year.............................. Pg. 4 Citi Trends looks to expand throughout the Mid-Atlantic, Midwest and Southeast....... Pg. 8 Buyers & Sellers Neuberger/Reid Properties looks to acquire groceryanchored centers throughout the Southeast...................... Pg. 5 The Beck Co. is selling a center in La Canada Flintridge, CA..................... Pg. 6 Lease Signings H&R Retail negotiated leases throughout MD and VA....... Pg. 6 Food Retailers Expand Niko Niko looks for sites throughout southern CA..... Pg. 7 Leadsheet Bang & Olufsen is seeking sites nationwide and throughout Canada............. Pg. 9 Jensen Jewelers looks to expand throughout WY...... Pg. 10 Shoe Carnival looks for sites throughout the Midwest, South, Southeast and West Pg. 12 Space Place........................ Pg. 14

For more news go to: www.dealmakers.net


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Dealmakers Magazine | May 1, 2009 by The Dealmakers Magazine - Issuu