Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XVII
May 2, 2014
FEATURING APPAREL CHAINS EXPAND NATIONWIDE Rainbow operates more than 1,200 locations nationwide and in Puerto Rico and the Virgin Islands. The stores, offering women’s apparel in juniors and plus-sizes, as well as footwear and accessories, occupy spaces of 6,000 sq.ft. to 15,000 sq.ft. in malls, strip centers and downtown areas. Growth opportunities are sought throughout the Hudson Valley area and upstate NY, as well as in western PA during the coming 18 months, with representation by Flaum Management Co., Inc. Preferred cotenants include supermarkets, apparel, discount and department stores. For more information, contact Scott Burdett, Flaum Management Co., Inc., 400 Andrews Street, Suite 500, Rochester, NY 14604; 585-546-4866, Fax 585-325-6058; Email: sburdett@flaummgt.com; Web site: www.rainbowshops.com. Men’s Wearhouse operates 1,120 locations nationwide. The menswear stores occupy spaces of 4,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout central and western VA during the coming 18 months, with representation by Divaris Real Estate, Inc. For more information, contact Brett McNamee, Divaris Real Estate, Inc., 1111 East Main Street, Suite 801, Richmond, VA 23219; 804-643-4700, Fax 804-643-4770; Email: bmcnamee@divaris.com; Web site: www.divaris.com.
rue 21 operates more than 1,000 locations nationwide in 47 states. The stores, offering apparel and accessories for young men and women, occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. in outlet, power and strip centers. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by Next Realty Mid Atlantic, LLC. For more information, contact Ray Schupp or Bryan Davis, Next Realty Mid-Atlantic, LLC, 1750 Old Meadow Road, Suite 250, McLean, VA 22102; 703-442-4500, Fax 703-442-8818; Email: rschupp@nextrealty.com; Web site: www.nextrealty.com. Destination XL operates 105 locations throughout AZ, CA, CT, GA, IL, IN, MD, NV, NY, OH, PA, RI, TN, UT and VT. The stores, offering apparel, footwear and accessories for tall and large men, occupy spaces of 3,500 sq.ft. to 9,000 sq.ft. in freestanding locations, power centers and downtown areas. Growth opportunities are sought throughout CT and western MA during the coming 18 months, with representation by Sullivan Hayes Cos. For more information, contact Andrew Grocki, Sullivan Hayes Cos., 10 Waterside Drive, Suite 301, Farmington, CT 06032; 860-677-5252, Fax 860-679-5260; Email: agrocki@sullivanhayesne.com; Web site: www.sullivanhayesne.com. (continued on page fourteen)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 32,719 locations with plans to open 2,129 sites • Real estate valued in excess of $150 million to be bought, sold & financed • Leasing activity on over 5 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 Ferrara Jerum is developing a mixed-use site in Bridgeport, CT with Bass Pro Shops as the anchor Pg. 4 Who’s Opening and Where Kiddie Academy to open up to 20 units annually................................ Pg. 5 Express to open factory outlet stores nationwide.......................... Pg. 5 Food Chains Expand World of Beer looks to expand in the southern states......................... Pg. 6 Buyers and Sellers CBRE closes $41 million sale of a shopping center in CA................... Pg. 7 Sources of Financing Johnson Capital negotiated financing for a strip center in CA..... Pg. 8 Making the News Rittenhouse Realty Advisors appoints George D. Johnson as president and CEO of the firm’s new division.................................. Pg. 8 Lease Signings Goodman Real Estate Services Group negotiated a lease with Pet Supplies Plus in Stow, OH............. Pg. 8 Lead Sheet Five Below projected to open 100 stores............................................. Pg. 10 Retro Fitness looks for sites nationwide.................................... Pg. 11 Lifeway Christian to open eight sites nationwide............................. Pg. 12 Tenant Reps Sabre Real Estate Group is representing Chili’s with expansion opportunities throughout Long Island and the outer boroughs of New York, NY............................... Pg. 14 Space Place................................... Pg. 15