Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XVIII
May 6, 2011
Home-Related Chains Expand Nationwide La-Z-Boy, Inc. trades as La-Z-Boy at 300 locations nationwide and throughout Canada. The home furnishings stores occupy spaces of 15,000 sq.ft. in freestanding locations and endcaps of lifestyle and power centers. Plans call for 12 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Home Depot, Best Buy, Lowe’s Home Improvement and Target. Preferred demographics include a population of 200,000 within 15 miles earning $60,000 as the average household income. For more information, contact David Baratta, La-Z-Boy, Inc., 1284 North Telegraph Road, Monroe, MI 48162; 734-242-1444, Fax 734457-2448; Email: david.barrata@la-z-boy.com; Web site: www.la-z-boy.com. Airbase Carpet & Tile Mart operates 11 locations throughout DE and PA. The stores, offering floor coverings, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout PA during the coming 18 months. Major competitors include Home Depot and Lowe’s Home Improvement. A land area of three acres is required. For more information, contact Michael Longwill, Airbase Carpet & Tile Mart., 230 North Dupont Highway, New Castle, DE 19720; 302-328-1597 Ext. 222, Fax 302-322-9151; Email: mlongwill@carpetmart.com; Web site: www.carpetmart.com.
Northern Tool & Equipment Co., Inc. trades as Northern Tool & Equipment at 70 locations throughout FL, GA, IA, KS, MN, NC, ND, OK, SC, TN, TX, VA and WI. The home improvement stores, offering tools and power equipment, occupy spaces of 15,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout AL, AR, CO, FL, GA, IA, IL, IN, KS, KY, MN, MO, NC, ND, NE, 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 $48,000 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, Northern Tool & Equipment Co., Inc., 2800 Southcross Drive West, Burnsville, MN 55306; 952-808-6629, Fax 952-641-2503; Email: brent.obert@northerntool.com; Web site: www.northerntool.com. Treadwell Management Group, Ltd. trades as Rent One Plus at 10 locations throughout NH. The home furnishings rental stores occupy spaces of 1,900 sq.ft. in freestanding locations, malls, strip centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Evan MacDonald, Treadwell Management Group, Ltd., 27 Harvey Road, Bedford, NH 03110; 603645-4910, Fax 603-645-5210. (continued on page nine)
This issue contains information on:
* Retailers operating 19,863 locations with plans to open 1,128 sites * Real estate valued in excess of $157.9 million to be bought, sold & financed * Leasing activity on over 5.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus New Construction Childress Klein Properties is preleasing new phases of a 485,000 sq.ft. center in Summerville, SC.................... Pg. 3 Buyers and Sellers PJS, Inc. looks to acquire net-leased, single-tenant freestanding properties in MD and RI.................................... Pg. 4 The Royston Group is selling a Best Buy in Alpharetta, GA Pg. 7 Food Retailers Expand Chili’s seeking sites throughout northen CA.......... Pg. 5 Lease Signings The Goldstein Group negotiated a lease with JoAnn Fabrics for 30,000 sq.ft. in Eatontown, NJ................... Pg. 6 Sources of Financing WG Capital Group provides bridge financing for properties in major markets nationwide Pg. 6 Exclusives The Wilder Cos. named exclusive leasing and management agent for a center in Burlington, MA....... Pg. 7 Openings rue21, Inc. plans to open 100 locations this year.................. Pg. 8 In the News The Shopping Center Group acquired Rebkee Realty......... Pg. 9 Lead Sheet Anna’s Linens to open 75 locations within the coming 18 months............................. Pg. 11 Comet Cleaners seeking sites nationwide............................ Pg. 14 Space Place........................... Pg. 16
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New Construction Vision Equities, LLC, with Rubenstein Partners, is developing a mixed-use project on the site of a former Alcatel-Lucent corporate campus on 194 acres along Whippany Road off Route 10 in Whippany, NJ. The project will feature retail, office, residential and hospitality components. For more information, contact Vision Equities, LLC, 49 Bloomfield Avenue, Mountain Lakes, NJ 07046; 973-299-4000, Fax 973-299-4001; Email: info@vision-equities.com; Web site: www.vision-equities.com.
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Customer Service....................... Bridget Thoresen custserv@dealmakers.net Founder..................................................... Ted Kraus 1979–2007
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Childress Klein Properties is preleasing the second and third phases of North Main Market, a 485,000 sq.ft. power center located at the intersection of North Main Street/Highway 17-A and Interstate 26 in Summerville, SC. Spaces of 1,267 sq.ft.; 1,268 sq.ft. and 23,733 sq.ft. are available. Walmart, Lowe’s Home Improvement and Belk anchor the center. Cotenants include Classic Cuts, Urban Expressions, RadioShack, Kings Nails, Rent-A-Center, Sally Beauty Supply, Sleep King, Payless ShoeSource, CitiFinancial, Cato, Cat’s Music, GNC, The UPS Store, Shoe Dept., It’s Fashion, Hallmark, GDC Home Interiors, Leslie’s Pool Supplies, Papa John’s, La Hacinda, Ye Olde Fashion, Lisa & Co., Cricket Communications, Colucci’s Jewelry and Five Guys Famous Burgers and Fries. Area retail includes Verizon Wireless, Starbucks, IHOP, Bojangle’s, Shoney’s, Fazoli’s, 1st Citizens Bank, Hardee’s and Waffle House. Area demographics include a population of 143,094 within seven miles earning $63,335 as the average household income. The average daily traffic count is 34,800 vehicles. For more information, contact John E. Dosser, Childress Klein Properties, 301 South College Street, Suite 2800, Charlotte, NC 28202; 704-342-9000, Fax 704-342-9039. Kotis Properties is developing Wendover Towne Center, a 300,000 sq.ft. project situated on 30 acres at the intersection of Interstate 840 and U.S. Highway 70 in Greensboro, NC. Space is available from 1,200 sq.ft. to 100,000 sq.ft. along with two outlots. The average daily traffic count is 45,000 vehicles. For more information, contact Kotis Properties, PO Box 9296, Greensboro, NC 27429; 336-574-2000; Web site: www.kotis.org. Crosland is developing Stonebridge, a mixed-use project located at the intersection of Midlothian Turnpike and Chippenham Parkway in Richmond, VA. The project will feature a 400,000 sq.ft. retail component and a 350-unit residential component. Kroger will anchor the first phase of the project. Area demographics include a population of 583,651 within 10 miles earning $58,335 as the median household income. Construction is slated to begin on the initial phase during the middle of this year. For more information, contact Ryan Preston, Crosland; 704-561-5277; Email: rpreston@crosland.com; Web site: www.crosland.com. Or Brett McNamee, Divaris Real Estate, Inc.; 804-643-4700; Email: bmcnamee@divaris.com; Web site: www.divaris.com. www.dealmakers.net
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Kahn Development is preleasing Keagy Village, located at the intersection of Keagy Road/VA Route 685 and Electric Road in Roanoke, VA. Spaces are available from 719 sq.ft. to 5,299 sq.ft. Cotenants include Scottrade, Firehouse Subs, nTelos and Dunkin’ Donuts. Area demographics include a population of 209,636 within 10 miles earning $50,393 as the median household income. The average daily traffic count is 28,000 vehicles. The company is also preleasing Patrick Henry Place, a mixeduse project located along Hornsby Lane in Newport News, VA. Cotenants include Cheeseburger in Paradise and Carrabba’s. Area retail includes Target, Bed Bath & Beyond, Old Navy, Barnes & Noble, Costco, Best Buy and Patrick Henry Mall, featuring Macy’s, JCPenney, Dick’s Sporting Goods and Dillard’s. Area demographics include a population of 320,721 within 10 miles earning $64,443 as the average household income. The average daily traffic count is 91,000 vehicles. The company is also preleasing the second and third phases of Wake Forest Crossing, located along U.S. Highway 1/ Capital Boulevard in Wake Forest, NC. Space is available along with outlots. Kohl’s anchors the center and Lowes Foods shadowanchors the center. Cotenants include Olive Garden. Area retail includes Lowe’s Home Improvement, Home Depot, Target and Food Lion. Area demographics include a population of 201,522 within 10 miles earning $96,619 as the average household income. For more information, contact Kahn Development, 101 Flintlake Drive, Columbia, SC 29223; 803-744-0000; Email: leasing@kahndevelopment.com; Web site: www.kahndevelopment.com. American Asset Corp. is preleasing Alston Town Center, a 550,000 sq.ft. regional center located at the interchange of Interstate 540 and Highway 55 in Cary, NC. Area demographics include a population of 286,965 within 10 miles earning $75,733 as the median household income. For more information, contact Patrick Russell, American Asset Corp.; 704-2954006; Email: prussell@aacusa.com. Versa Development is developing a 14,000 sq.ft. strip center project on the former site of a Country Hearth Inn located along Boardman Road near U.S. Highway 127 and Interstate 94 in Blackman Township, MI. Construction on the project began last month with an opening slated for the fall. For more information, contact Versa Development, 25900 West 11 Mile Road, Suite 250, Southfield, MI 48034; 248352-2454, Fax 248-352-0602; Web site: www.versacos.com. DM
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Buyers and Sellers Cornish & Carey Commercial Newmark Knight Frank is selling the 15-year NNN ground lease to a Christian Brothers Automotive located along U.S. Highway 31 in Hoover, AL. The lease features annual rent escalations. Area demographics include a population within five miles earning $86,000 as the average household income. The asking price is $1.872 million with a Cap rate of 8.25%. The company is also selling the 25year ground lease to a National Tire & Battery located in Mayfield Heights, OH. Area retail includes Staples. The asking price is $3 million with a Cap rate of 8.5%. The company is also selling the 20-year NNN ground lease to a McDonald’s located in Sacramento, CA. The lease has ten years remaining on the original term and features rent escalations. Area retail includes Southgate Plaza. Area demographics include a population of 360,000 within five miles. The average daily traffic count is 69,796 vehicles. The asking price is $1.98 million with a Cap rate of 5%. The company is also selling the ground lease of a Chipotle located in Lubbock, TX. The 15-year NNN lease features rent escalations every five years. Area retail includes Subway, IHOP, Papa John’s, Domino’s Pizza, Chili’s, AT&T Mobility and Starbucks. Area draws include Texas Tech Campus. The asking price is $1.56 million with a Cap rate of 5%. The company is also selling a two-tenant retail property located in Merced, CA. The property is 100% occupied with tenants including PetSmart and Travis Credit Union. The tenants are bound to leases featuring rent escalations. The asking price is $5.975 million with a Cap rate of 7.39%. For more information regarding the Hoover property, contact Michael Maffia, Justin Stark or Putnam Daily, Cornish & Carey Commercial Newmark Knight Frank, One Bush Street, Suite 400, San Francisco, CA 94104; 415-445-5144/5101/5107; Emails: mmafia@ccarynkf.com, jstark@ccareynkf.com and pdaily@ccareynkf.com; Web site: www.ccareynkf.com. For more information regarding the Mayfield Heights, Sacramento, Lubbock and Merced properties, contact Michael Maffia or Putnam Daily. Carter is selling The Shops at Market Village, a 6,792 sq.ft. two-tenant center located in Smyrna, GA. Tenants include Moe’s Southwest Grill and Atkins Park. The average daily traffic count is 18,170 vehicles. The asking price reflects a Cap rate of 8.5%. For more information, contact Michael R. Koch, Carter, 171 17th Street Northwest, Suite 1200, Atlanta, GA 30363; 770654-3968, Fax 404-888-6586; Email: mkoch@carterusa.com. page 4
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Franklin Street Real Estate Services is selling a Dollar General located along Grand Mesa Drive in Cedaredge, CO. The tenant is bound to a 15-year NNN lease featuring four, five-year options and a rent escalation during year 11. Area demographics include a population of 5,910 within five miles earning $37,124 as the median household income. The asking price is $1.309 million with a Cap rate of 8%. The company is also selling a Family Dollar located along U.S. Highway 550 in Ridgeway, CO. The tenant is bound to a 10-year NNN lease featuring five, five-year options and rent escalations at each option. The asking price is $1.197 million with a Cap rate of 8.5%. The company is also selling a 9,100 sq.ft. Dollar General situated on 1.78 acres along Highway 390 in Panama City, FL. The tenant is bound to a 15-year NNN lease featuring three, five-year options and a rent escalation at year 11. The asking price is $1.219 million. The company is also selling two Family Dollar Stores, located along U.S. Highway 61 and South Highland Street, respectively, in Memphis, TN. Both tenants are bound to leases featuring options and rent escalations. The asking prices are $1.18 million for the U.S. Highway 61 location and $1.38 million for the South Highland Street location, with Cap rates of 8.75%. The company is also selling a Family Dollar located along Greenwood Avenue in Ware Shoals, SC. The tenant is bound to a NN lease with seven years remaining on the original lease term and featuring five, five-year options and rent escalations. The asking price is $765,000 with a Cap rate of 9.42%. For more information, contact Sean Attaway Molloy, Franklin Street Real Estate Services, 3525 Piedmont Road Northeast, Building 8, Suite 420, Atlanta, GA 30305; 404-832-1258; Email: sean.molloy@fsfp.com; Web site: www.franklinstreetfinancial. com. For additional information regarding the Panama City and Family Dollar properties, contact Mac McCall; 404-832-1253; Email: mmcall@fsfp.com.
SRS Real Estate Partners is selling a 25,050 sq.ft. building situated on two acres at the intersection of Route 123 and Route 58 in Abington, MA. Target and Stop & Shop shadow-anchor the property. Area retail includes Lowe’s Home Improvement, CVS, Walgreens, Wendy’s and Walmart. Area demographics include a population of 467,372 within 10 miles earning $89,813 as the average household income. The average daily traffic count is 28,200 vehicles. The asking price is $700,000. For more information, contact Matt J. Ogle or Patrick A. Smith, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-710-5254/5240; Emails: matt.ogle@srsre.com and patrick.smith@srsre.com; Web site: www.srsre.com.
Lee & Associates negotiated the sale of a Hardee’s located along Highway 75 in Pinson, AL. At the time of sale, the tenant was bound to a lease with eight years remaining on the term. The property was acquired for $736,842. For more information, contact Ryan Barr or Ryan Bennett, Lee & Associates, 5872 Owens Avenue, Suite 200, Carlsbad, CA 92008; 760-448-2446/2449; Emails: rbarr@lee-associates.com and rbennett@lee-associates.com; Web site: www.lee-associates.com.
PJS, Inc. looks to acquire net-leased, singletenant freestanding properties located throughout MD and RI. Suitable properties include portfolios of auto parts stores and fast food restaurants, and are priced between $2 million and $15 million with a Cap rate between 8% and 9%. The company prefers off-market properties. For more information, contact Pete Samal, PJS, Inc., 22 Spring Green Road, Warwick, RI 02888; 401-883-8172; Email: samalpete@yahoo.com.
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Grubb & Ellis Co. is selling a 3.874-acre parcel located along Old Camp Bullis Road in San Antonio, TX. Area retail includes Bass Pros Shops. Area draws include Westin Golf Resort and Six Flags. The company is also selling a 26.5-acre parcel located at the intersection of Interstate 10 and Camp Bullis Road in San Antonio, TX. Area retail includes Bass Pro Shops. Area draws include Westin Golf Resort and Six Flags. For more information, contact J.J. Williams or Jason Brumm, Grubb & Ellis Co., 40 Northeast Loop 410, Suite 607, San Antonio, TX 78216; 210-804-4859/4833, Fax 210-8287860; Emails: jj.williams@grubb-ellis.com and jason.brumm@grubb-ellis.com; Web site: www.grubb-ellis.com. Swanson Family of Cos. is selling The Shoppes at Middle Tennessee, a 48,000 sq.ft. strip center located along Middle Tennessee Boulevard in Murfreesboro, TN. Area retail includes Rite Aid, Save-A-Lot and Burger King. Area draws include Middle State University. The asking price is $5.765 million. For more information, contact Swanson Family of Cos., 1188 Park Avenue, Murfreesboro, TN 37129; 615-896-0000; Web site: www.swansondev.com.
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Food Retailers Expand Nationwide Frontera Mex-Mex Grill operates 14 locations throughout Atlanta, GA. The Mexican restaurants occupy spaces of 4,800 sq.ft. to 5,500 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout Charlotte, NC during the coming 18 months, with representation by The Shumacher Group. Typical leases run 10 years. A land area of 1.25 acres is required for freestanding locations. Major competitors include Chili’s, Rio Bravo, On the Border and Don Pablo’s. Buckhead Pizza Co. operates four locations in Buckhead, Buford, Cumming and Galleria, GA. The pizzerias occupy spaces of 2,800 sq.ft. to 3,200 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. The company prefers sites with a strong daytime population. For more information, contact Irving Jacobson, The Shumacher Group, 3188 Saybrook Drive, Atlanta, GA 30319; 770396-4074, Fax 770-396-4657; Email: irvjk@aol.com; Web site: www.shumacher.com. Barnsider Management Corp. trades as The Barnsider, The Hardcover, The Dandelion Green, The Beverly Depot and Barnsider’s Mile and a Quarter at five locations in MA, NY and RI. The restaurants occupy spaces of 7,000 sq.ft. in freestanding locations and strip centers. Limited growth opportunities are sought throughout MA, NH and NY during the coming 18 months. The company will also consider acquiring sites. For more information, contact Bill Swanson, Barnsider Management Corp., 15A Newbury Street, Danvers, MA 01923; 978-777-3885, Fax 978-777-5038; Web site: www.barnsiderrestaurants.com. La Granja Restaurants operates 25 locations throughout FL. The Peruvian restaurants occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Miami-Dade and Broward counties in FL during the coming 18 months, with representation by The Rotella Group, Inc. Sites must be at least three miles away from existing La Granja locations. For more information, contact Jeff Kalil, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-5689597; Email: jeff@rotellagroup.com; Web sites: www.rotellagroup.com and www.lagranjarestaurants.com.
Panera Bread operates 1,453 locations nationwide throughout 40 states and Canada. The bakery cafes occupy spaces of 3,700 sq.ft. to 4,500 sq.ft. in corner locations and inline spaces of mixed-use centers. Growth opportunities are sought, on behalf of franchisee First Picks Management, throughout urban areas of Los Angeles, CA, including Westwood, Century City, Beverly Hills, Hollywood, West Hollywood, downtown Los Angeles and the Miracle Mile, during the coming 18 months, with representation by SRS Real Estate Partners. The company prefers sites with a high daytime population. For more information, contact Jeff Straka or Todd Folger, SRS Real Estate Partners, 610 Newport Center Drive, Suite 400, Newport Beach, CA 92660; 949-698-1103 or 602682-6070; Emails: jeff.straka@srsre.com and todd.folger@srsre.com; Web site: www.srsre.com. Wahoo’s Fish Taco operates more than 50 locations throughout CA, CO, HI and TX. The restaurants, offering Mexican, Brazilian and Asian cuisine, occupy spaces of 1,800 sq.ft. to 2,500 sq.ft. in various types of sites. Growth opportunities are sought throughout Manhattan, NY, with a focus on the area between 14th Street and 57th Street, during the coming 18 months, with representation by BCD. Full cooking and venting are required, and the company prefers to locate in high-density, high-traffic areas. For more information, contact Alexandra Turboff, Barry Williams, Jordan Korris or Frank DeBellis, BCD, 115 East 23rd Street, 6th Floor, New York, NY 10010; 212260-5210 Ext. 16/13/22/20, Fax 212-2605211; Emails: aturboff@bcdmail.com, bwilliams@bcdmail.com, jkorris@bcdmail.com and fdebellis@bcdmail.com; Web site: www.bcdevelopment.com. Golden Corral operates 500 locations nationwide throughout 40 states. The family buffet restaurants occupy spaces of 11,088 sq.ft. in freestanding locations and endcaps and pad sites of power centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Keller Williams Signature Realty. The company prefers to locate in centers with a GLA of approximately 500,000 sq.ft., and prefers site submittals to be sent via email. For more information, contact Kelvin Chen, Keller Williams Signature Realty; 626826-8886; Email: kelvinchen88@yahoo.com. www.dealmakers.net
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WaBa Grill operates 27 locations throughout CA. The restaurants occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in endcap spaces of shopping centers. Growth opportunities are sought throughout the Washington, DC metropolitan area during the coming 18 months, with representation by Renaud Consulting. The company prefers sites with outdoor seating and a strong daytime population. Spice Express Indian Bistro operates four locations throughout Washington, DC. The quick-service Indian restaurants occupy spaces of 600 sq.ft. to 1,000 sq.ft. in central business districts. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Renaud Consulting. For more information, contact Josh Weiner or John Marigliano, Renaud Consulting, 8605 Westwood Center Drive, Suite 309, Vienna, VA 22182; 571-765-4430/4423; Emails: jweiner@renaudconsulting.net and jmarigliano@renaudconsulting.net; Web sites: www.renaudconsulting.net and www.wabagrill.com. Bullard Enterprises trades as Burger King at 19 locations throughout NC and SC. The fast food restaurants occupy spaces of 3,200 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Major competitors include McDonald’s. For more information, contact Chip Bass, Bullard Enterprises, 1901 North Pine Street, Lumberton, NC 28358; 910738-7183, Fax 910-738-1821; Email: stan@bullardrestaurants.com; Web site: www.bullardrestaurants.com. Chili’s operates more than 1,500 locations nationwide and internationally. The casual restaurants occupy spaces of 6,000 sq.ft. to 7,000 sq.ft. in freestanding locations and power centers. Limited growth opportunities are sought throughout northern CA during the coming 18 months, with representation by Retail West, Inc. The company will also consider prominent endcap spaces, and is very site-selective. For more information, contact Scott Turner, Retail West, Inc., 1105 Battery Street, San Francisco, CA 94111; 415-292-2688, Fax 415775-1858; Email: sturner@retailwestinc.com; D M Web site: www.retailwestinc.com.
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Lease Signings
Sources of Financing
L3 Corp. (314-469-7400) negotiated a lease with Nationwide Insurance for 1,000 sq.ft. of space along South Kirkwood Road in Kirkwood, MO. The company represented the tenant and Montgomery Management Co. represented the landlord, Cahokia Properties, Inc., in the transaction. The company also negotiated leases with Yo My Goodness for 1,600 sq.ft. and with San Jose Mexican for 2,400 sq.ft. at Sappington Square in Crestwood, MO. The company represented the landlord, Priority Property Holdings, in the transactions. The company also negotiated a lease with Rainbow Apparel Co. for 4,067 sq.ft. at City Plaza in St. Louis, MO. The company represented the tenant in the transaction. The company also negotiated a lease with Shoe Sensation for 5,000 sq.ft. at Southern Hills Shopping Center in West Plains, MO. The company represented the tenant in the transaction. The company also negotiated a lease with Worldwide Flooring for 7,000 sq.ft. at Monticello Plaza in O’Fallon, MO. The company represented the landlord, Monticello Plaza, LLC, in the transaction. The company also negotiated a lease with PetSmart, Inc. for 12,192 sq.ft. at Valley Park Centre in Russellville, AR. The company represented both the tenant and the landlord, Developers Diversified Realty, in the transaction. The company also negotiated a lease with PetSmart, Inc. for 20,187 sq.ft. at Woodbridge Crossing in Wylie, TX. The company represented the tenant in the transaction. The Goldstein Group (201-703-9700) negotiated the following leases throughout NJ: with The Edge Fitness for 20,000 sq.ft. along Route 202 in Oakland; with Ledgewood Fitness for 20,000 sq.ft. along Route 46 in Ledgewood; with Jo-Ann Fabrics for 30,000 sq.ft. along Route 17 in Paramus, and with Ashley Furniture for 60,000 sq.ft. along Route 35 in Eatontown. Goodman Real Estate Services Group (216381-8200) negotiated leases with Bright Now! Dental for space in Avon, IN and Cuyahoga Falls, Miamisburg and North Olmsted, OH. The company represented the tenant in the transactions. The company also negotiated a lease with Marshalls for 26,000 sq.ft. at The Cascades of Brimfield, located in Brimfield, OH. Kohl’s, Lowe’s Home Improvement and Walmart Supercenter anchor the center. United Commercial Realty (210-979-9700) signed leases with Ogle School of Beauty and Academy for Massage for space at Park North, located at the intersection of Loop 410 and San Pedro Avenue in San Antonio, TX. page 6
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Cassidy Turley BRE Commercial (858-5465400) negotiated a five-year lease with Rapid Cash Financial Centers for 1,060 sq.ft. along Gaines Street in San Diego, CA. The company represented the landlord, R & H Properties, LP, in the transaction. The company also negotiated a seven-year lease with Solar Nails and Spa, LLC for 1,586 sq.ft. of space along Murphy Canyon Road in San Diego, CA. The company represented both the tenant and the landlord in the transaction. The company also negotiated a five-year lease with B-Per Electronics, Inc. for a 2,020 sq.ft. AT&T Mobility along Murphy Canyon Road in San Diego, CA. The company represented both the landlord, Aero Drive, LLC, and the tenant in the transaction. Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated a lease with Allstate Insurance for 1,500 sq.ft. at Layton Plaza, located along West Layton Avenue in Greenfield, WI. The company represented the tenant in the transaction. The company also negotiated a lease with Mattress Firm for 3,661 sq.ft. at Paradise Plaza, located along Gateway Court in West Bend, WI. The company represented the landlord, Real Estate Naperville, LLC, in the transaction. The company also negotiated a lease with Charming Charlie for 8,370 sq.ft. at The Shoppes at Prairie Ridge, located in Pleasant Prairie, WI. The company represented the landlord, GB-MA Pleasant Prairie, LLC, in the transaction. The company also negotiated a lease with Office Depot for 18,631 sq.ft. of space along Green Bay Road in Mt. Pleasant, WI. The company represented the landlord, CSM Investors, Inc., in the transaction. LANE4 Property Group (816-960-1444) negotiated a lease with Sarpino’s for space at Ranchmart Shopping Center, located at the intersection of West 95th Street and Mission Road in Leawood, KS. Transwestern Retail (202-775-7000) negotiated a lease renewal with Au Bon Pain at Franklin Tower, located along Eye Street Northwest in Washington, DC. The company represented the landlord, Shorenstein Properites, LLC, and Woodmark Commercial Services represented the tenant in the transaction. Anchor Commercial | CORFAC International (843-747-1200) negotiated a lease with Costal Kids Academy, LLC for 3,195 sq.ft. at Tanner Station, located along Tanner Ford Boulevard in Hanahan, SC. The company represented the landlord, Tanner 12, LLC, in the transaction. DM
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NorthMarq Capital arranged $1.1 million in mortgage financing for a 4,038 sq.ft. space tenanted by Carl’s Jr. along East Hebron Parkway in Carrollton, TX. The loan featured a 10-year term with a 20-year amortization schedule and a 60% loan-to-value ratio. For more information, contact John Stewart, NorthMarq Capital, 4890 Alpha Road, Suite 200, Dallas, TX 75244; 972-392-3366; Web site: www.northmarq.com. The Venture Capital Group NY, Inc. offers construction, long-term, mezzanine, bridge and hard-money financing for retail, office, multifamily, industrial and other types of properties, as well as land development, nationwide. Loans are available for terms of three months or two, five, 30 or 35 years featuring fixed interest rates from 3.2% to 12.99%, a maximum loan-to-value ratio of 90% for acquisitions and 85% for refinancing, and amortization schedules of five, seven, 10, 15, 20, 25 or 30 years. For more information, contact The Venture Capital Group NY, Inc.; 888218-5752, Fax 480-393-4022; Web site: www.theventurecapitalgroup.com. WG Capital Group provides bridge financing for retail, mixed-use, office, multifamily and storage properties throughout major markets nationwide. Loans are available for terms of one to three years featuring interest rates between 11% and 15% and a maximum loan-to-value ratio of 65%. Interest-only financing is also available in amounts from $2 million to $50 million. For more information, contact Walter Carter, WG Capital Group; 770-744-2532; Email: info@wgcapitalgroup.com; Web site: www.wgcapitalgroup.com. R. Moore & Associates provides bridge financing for retail, mixed-use, office, multifamily, medical, industrial and warehouse properties. Loans are available in amounts from $500,000 to $20 million featuring interest rates from 8% to 15% and a maximum loan-to-value ratio of 75%. For more information, contact Romeal Moore, R. Moore & Associates; 561-6744565; Email: romealmoore@yahoo.com. BMC Capital provides financing for retail, office, storage, hospitality and multifamily properties nationwide. Loans are available in amounts from $250,000 to more than $10 million. For more information, contact Joseph Cacciapaglia, BMC Capital; 713-6224848 Ext. 217, Fax 713-960-9486; Email: jcacciapaglia@bmccapital.com; Web site: www.bmccapital.com. DM
Exclusives and Leasing Assignments The Wilder Cos. (617-247-9200) has been named by UBS Realty Investors as the exclusive leasing and management agent for Wayside Commons, a 195,100 sq.ft. open-air center located in Burlington, MA. Tenants at the center include L.L. Bean, Arhaus Furniture, Coldwater Creek, Eileen Fisher, Stellabella Toys, Capital Grille, Ann Taylor Loft, Jared – The Galleria of Jewelry, Carters and Not Your Average Joe’s. Robert K. Futterman & Associates (212-5993700) has been named the exclusive leasing agent for 22,000 sq.ft. of retail and restaurant space at Credit Suisse Building, a mixeduse building located at the intersection of Park Avenue South and Madison Avenue in New York, NY. The site includes a 12,674 sq.ft. ground-floor space and a 9,325 sq.ft. mezzanine space. Cotenants include La Mar and Eleven Madison Park. Area retail includes Eataly, Shake Shack, The Hurricane Club, Blue Smoke, SD26, Asellina, Maialino, Millesime, Dos Caminos, Primehouse, Hillstone and Schnipper’s Quality Kitchen. Winick Realty Group, LLC (212-792-2650) has been named by Atlantic Development Group as the exclusive leasing agent for five retail spaces totaling 35,405 sq.ft. at The Residences at Northrose, located at the intersection of 163rd Street and Third Avenue in New York, NY. Area retail includes Duane Reade. The company has also been named the leasing agent for the 8,210 sq.ft. retail component of Port 10, located along Tenth Avenue between 27th Street and 28th Street in New York, NY, and a 3,100 sq.ft. retail space along West 42nd Street between 10th Avenue and 11th Avenue in the Midtown West area of the city. The company has also been named by The Hakim Organization as the leasing agent for a 13,000 sq.ft. retail space along East 34th Street between Second Avenue and Third Avenue in New York, NY. The company has also been named the leasing agent for a 2,109 sq.ft. ground-floor retail space along West 22nd Street between Sixth and Seventh Avenue in Chelsea, NY. Crissman Commercial Services (661-2959300) represents the following retailers with their expansion plans throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura counties in CA: Qdoba Mexican Grill, seeking spaces of 1,800 sq.ft. to 2,400 sq.ft. in endcaps of shopping centers, and Tutti Frutti Frozen Yogurt, seeking sites of 900 sq.ft. to 1,200 sq.ft. in endcaps and inline spaces of shopping centers. The company also represents The Habit Burger Grill with their expansion throughout Kern and Ventura counties, as well as the Antelope Valley area of CA. The restaurants are seeking sites of 1,750 sq.ft. to 2,000 sq.ft. in endcaps of shopping centers. DM
Buyers and Sellers (continued from page four)
Calkain Cos., on behalf of a client, seeks to acquire net-leased investment properties in FL. Suitable properties feature nationalbranded tenants bound to leases with at least 10 years remaining on the initial term, featuring rent escalations and options, and are priced below $3 million. The company is also selling a 16,510 sq.ft. La-Z-Boy situated on 1.52 acres along Jefferson Avenue in Newport News, VA. The tenant is bound to a 10-year NN lease set to expire during March 2021 featuring two, five-year options and a 15% rent escalation during 2016. Area retail includes Dixie RV Superstore, Rec Warehouse, Harbor Freight Tools and Office Depot. The average daily traffic count is 57,350 vehicles. The NOI is $284,625. The asking price is $3.795 million with a Cap rate of 7.50%. The company is also selling a 10,125 sq.ft. CVS situated on 1.47 acres along Oxon Hill Road in Ft. Washington, MD. The tenant is bound to a 10-year NN lease set to expire during January 2021 featuring four, five-year options and a 6% rent escalation during May 2015. The average daily traffic count is 16,440 vehicles. The NOI is $218,997. The asking price is $3.128 million with a Cap rate of 7%. The company is also selling Shops at Rio Road, a 22,000 sq.ft. center situated on 3.8 acres along Rio Road East in Charlottesville, VA. Tenants include Sprint, The Vitamin Shoppe, Jimmy John’s, Mattress Discounters and Sport Clips. The tenants are bound to NNN leases. Area retail includes Fashion Square Mall. Area draws include University of Virginia. The average daily traffic count is 88,000 vehicles. The NOI is $598,963. The asking price is $7.986 million with a Cap rate of 7.5%. For more information regarding acquisitions, contact David Sobelman, Calkain Cos., 4600 West Cypress Street, Suite 110, Tampa, FL 33607; 813282-6000, Fax 813-282-6098; Email: dsobelman@calkain.com; Web site: www.calkain.com. For more information regarding the Newport News property, contact Bob Browning or Andrew Fallon; 703-787-4714; Emails: bbrowning@calkain.com and afallon@calkain.com. For more information regarding the Ft. Washington property, contact Andrew Fallon or Gerald Burg; 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; Email: jburg@calkain.com. For more information regarding the Charlottesville property, contact Rick Fernandez; 703-787-4732, Fax 703-7874783; Email: rfernandez@calkain.com.
Rivers Crossing, a 450,000 sq.ft. regional center currently under development in South Lebanon, OH. Tenants at the center include Kohl’s, Target, Chick-fil-A and White Castle. USA Properties acquired the property from Rivers Power Crossing, LLC for $5.1 million. The company, with Ohio Realty Advisors, LLC, represented the seller in the transaction. For more information, contact Ben Wineman, Tom Fritz or Mark Goldberg, MidAmerica Real Estate Corp.; 630-954-7300; Web site: www.midamericagrp.com. NAI San Diego negotiated the sale of a 23,000 sq.ft. Valero gas station and convenience store located along Mission Avenue in Oceanside, CA. Tolo Enterprises acquired the property from H&H Oil Company, Inc. The company represented the seller in the transaction. For more information, contact D.R. Bernard, NAI San Diego, 123 Camino De La Reina, Suite 200 South, San Diego, CA 92108; 619-497-2255 Ext. 1156; Email: bbernard@naisandiego.com; Web site: www.naisandiego.com. Goldschmidt & Associates negotiated the sale of a two-acre parcel located along Bridgeport Avenue in Milford, CT. CVS Caremark Corp. acquired the property from Dan Perkins Realty, Inc. and plans to construct a 14,000 sq.ft. CVS with a drivethru on the property. For more information, contact David Szabo or Eric Goldschmidt, Goldschmidt & Associates, One Chase Road, Scarsdale, NY 10583; 914-723-1616, Fax 914-7237720; Email: david@ga-re.com; Web site: www.ga-re.com. The Royston Group is selling a Best Buy located in Alpharetta, GA. The tenant is bound to a NNN lease with eight years remaining on the initial term featuring rent escalations. Area demographics include a population within one mile earning $91,058 as the average household income. The asking price is $10.096 million with a Cap rate of 7.25%. For more information, contact Rob Sutton, The Royston Group, 11661 San Vicente Boulevard, Suite 707, Los Angeles, CA 90049; 310-451-2100, Fax 310-395-3557; Email: rsutton@theroystongroup.com; Web site: www.theroystongroup.com. DM
Mid-America Real Estate Corp. negotiated the sale of a 117,000 sq.ft. freestanding Lowe’s Home Improvement at Pavilion at www.dealmakers.net
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Who’s Opening and Where Quaker Steak & Lube (724-981-3123) will open a restaurant in a former Boston Market at Shops at Boardman Park, located along Boardman-Poland Road in Boardman, OH, as part of a plan to open more than 20 units this year. The location will replace an existing restaurant along Market Street in the city, and is slated to open during late summer. The restaurant will also feature a retail store and a full bar. The company also plans to open 16 restaurants throughout NY and New England during the coming five years and currently operates 43 locations, including 33 franchised restaurants and 10 company-owned sites, throughout 14 states nationwide and in Canada.
Rosauers Supermarkets (509-326-8900) will open a grocery store at Gateway Marketplace, located at the intersection of Eagle Road and Ustick Road in Meridian, ID. The store will feature grocery items along with specialty and ethnic foods and natural and organic items, as well as feature a full-service meat and seafood counter and bakery, deli, wine and beer and pharmacy departments. Construction on the store is slated to begin during the fall with an opening projected for spring of next year. The company currently operates stores in MT, OR and WA, along with two locations in ID.
Lululemon Athletica, Inc. (604-732-6124) plans to open a 3,032 sq.ft. Lululemon Athletica store in a former Bennett’s Card & Party Emporium at West Hartford Center, located in West Hartford, CT. The store is slated to open during the summer. The company currently operates more than 133 locations, offering men’s and women’s athletic apparel, nationwide and internationally.
rue21, Inc. (724-776-9780) plans to open a 5,200 sq.ft. rue21 store at Algonquin Commons, located in Algonquin, IL, as part of a plan to open 100 locations during the year. The store is slated to open during early summer and will join New York & Company and Williams-Sonoma at the center. The company currently operates more than 650 locations, offering apparel and accessories for men and women, nationwide throughout 44 states.
Recreational Equipment, Inc. (253-3953780) plans to open seven REI stores this year, having opened four locations nationwide last year. Planned openings include two units in CA, one in Paramus, NJ; three in NY and a store in Olympia, WA. The company currently operates 114 locations nationwide.
Shoe Carnival, Inc. (812-867-6471) plans to open 20 Shoe Carnival stores during the current fiscal year, as well as close five existing locations. The company currently operates 314 locations throughout the midwestern, southern and southeastern regions of the U.S.
Wegmans Food Markets, Inc. (585-328-2550) plans to open a 130,000 sq.ft. Wegmans at Box Hill Square, located near the intersection of Interstate 95 and MD Highway 924 in Bel Air, MD. The company also plans to open stores in Columbia, Crofton and Germantown, MD, and currently operates 77 grocery stores throughout MD, NJ, NY, PA and VA.
Target Corp. (612-304-6073) will open a 135,000 sq.ft. Target at The Shoppes of Madison, a regional center currently under development on 28 acres along U.S. Highway 72 in Madison, AL. Construction on the project began last month with an opening scheduled for March of next year.
New Seasons Market (503-292-1987) will open two locations within the Portland, OR metropolitan area this year. Planned openings include a store in Beaverton, OR slated to open during October and a store at Fisher’s Landing Marketplace, located in Vancouver, OR, to open later in the year. The locations will be the company’s 11th and 12th, respectively. Krispy Kreme Doughnuts, Inc. (800-4574779) plans to open between five and 10 company-owned Krispy Kreme donut shops, as well as between five and 15 domestic franchises and more than 30 international franchises, during the 2012 fiscal year. The company currently operates 646 locations, including 85 company locations and 561 franchises, nationwide and internationally. page 8
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PetSmart, Inc. (623-580-6100) plans to open a freestanding 25,000 sq.ft. PetSmart in a former Circuit City along Huntington Drive in Monrovia, CA. The store is projected to open during late December.
Wal-Mart Stores, Inc. (479-273-4000) plans to open a 100,000 sq.ft. Walmart Supercenter in Anaheim, CA late this summer. The opening will be the company’s second in the city. The company also plans to open a 108,000 sq.ft. store in a former Home Depot located along Edinger Avenue in Huntington Beach, CA. The opening will be the company’s second in Huntington Beach and its 13th in Orange County, CA. L.K. Bennett (020 7637 6700) plans to open between 30 and 40 footwear and apparel stores nationwide during the coming three to five years. The company will open its first locations in the U.S. during the spring. Planned openings include stores in Atlanta, GA and Chicago, IL. Louis Vuitton North America (212-931-2000) will open a Louis Vuitton store at Aventura Mall, located in Aventura, FL, during July. The opening will replace an existing store at Bal Harbour Shops, located in Bal Harbour, FL, which is slated to close after its lease expires next month. The company will initially operate a temporary space in the mall before opening up a larger location on the site during fall of next year. The company also plans to open a location in the Design District area of Miami, FL. Cabela’s, Inc. (308-254-5505) plans to open three Cabela’s stores this year, having opened one location during 2010. The stores offer hunting, fishing, camping, hiking and boating equipment, as well as outdoor clothing, gifts and furnishings. Harbor Freight Tools (805-388-1000) will open a 12,771 sq.ft. store at Roebuck Marketplace, located in the Roebuck area of Birmingham, AL. The opening will be the company’s second in the area and will join Rite Aid, Rainbow and It’s Fashion Metro at the center.
Dunkin’ Brands, Inc. (781-737-3000), through a franchisee, will open five Dunkin’ Donuts shops throughout Polk County, FL during the coming five years. The first location is slated to open during 2012. The company currently operates 9,700 units nationwide and internationally.
Books-A-Million, Inc. (800-201-3550) plans to open a 3,500 sq.ft. to 4,000 sq.ft. Books-A-Million store at Edison Mall, located at the intersection of U.S. Highway 41 and Colonial Boulevard in Ft. Myers, FL. The store will offer books, music, movies and other items and is slated to open during October.
Kohl’s Corp. (262-703-7000) plans to open a 100,540 sq.ft. Kohl’s store in a former Walmart located off U.S. Highway 220 in Roanoke, VA. Renovations at the site are slated for completion during August, with an opening projected for the fall.
American Furniture Warehouse (303-7999044) plans to open a furniture store in Colorado Springs, CO. The store will feature a 120,000 sq.ft. showroom and a 100,000 sq.ft. warehouse, and is slated to open next year. DM
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Home-Related Chains Expand Nationwide (continued from page one)
PPG Industries trades as Pittsburgh Paint & Glass at more than 400 locations nationwide and internationally. The home improvement stores occupy spaces of 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months. The company is site-selective. For more information, contact Mike Calleja, PPG Industries, 400 South 13th Street, Louisville, KY 40201; 502588-9712, Fax 502-588-9360; Email: mike.calleja@ppg.com. Lampert Yards, Inc. trades as Lamperts at 33 locations throughout IA, MN, ND, SD and WI. The home improvement stores, offering hardware and lumber, occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to acquire second-generation spaces or land. A land area of seven to 10 acres is required. For more information, contact Dan Fesler, Lampert Yards, Inc., 1850 Como Avenue, St. Paul, MN 55108; 651-695-3605, Fax 651695-3601; Email: dfesler@lampertyards.com; Web site: www.lampertyards.com.
Raymour & Flanigan Furniture operates 96 locations throughout CT, DE, MA, NJ, NY, PA and RI. The stores, offering living room, dining room and bedroom furniture, occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations and power and strip centers. Limited growth opportunities are sough throughout the New York, NY metropolitan area during the coming 18 months. Typical leases run 10 to 15 years. Preferred demographics include a population of 150,000 within seven miles earning $50,000 as the average household income. A land area of 3.5 acres is required for freestanding locations. For more information, contact Scott Milnamow, Raymour & Flanigan Furniture, PO Box 220/7248 Morgan Road, Liverpool, NY 13088; 315453-2590, Fax 315-453-2570; Email: smilnamow@raymourflanigan.com; Web site: www.raymourflanigan.com. La Crosse Lumber Co. operates 14 locations throughout IL and MO. The home improvement stores, offering building materials and supplies, occupy spaces of 2,000 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during
the coming 18 months. A vanilla shell and specific improvements are required. Preferred demographics include a population of 12,000 within 20 miles earning $25,000 as the average household income. Major competitors include Home Depot, Lowe’s Home Improvement and local building centers. A land area of three acres is required. For more information, contact Doyle Wiskur, La Crosse Lumber Co., 200 North Main Street, Louisiana, MO 63353; 573754-4533, Fax 573-754-6229; Email: lacrossedoitbest@aol.com. Century Supply Co. trades as Century Tile & Carpet at 12 locations throughout IL. The home improvement stores, offering floor coverings, tile and carpets, occupy spaces of 15,000 sq.ft. to 18,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during 2013. The company prefers to acquire sites. For more information, contact Phil Spiewak, Century Supply Co., 747 East Roosevelt Road, Lombard, IL 60148; 630-873-8224, Fax 630-873-8324; Email: phils@century-tile.com; Web site: D www.century-tile.com. M
Real Estate Professionals Making the News The Shopping Center Group (678-2901460) acquired Rebkee Realty, a firm based in Richmond, VA. Rebkee team members Christina Willis, Amy Berryhill and Pam Strieffler will henceforth operate out of the company’s Richmond office. Willis specializes in landlord and tenant representation as well as working with owners and developers of retail land and shopping centers. Berryhill specializes in landlord and tenant representation, and Strieffler specializes in third-party leasing and tenant representation. The company is a retail real estate advisory firm offering services to owners, landlords, developers, investors and financial institutions nationwide, and manages exclusive leasing assignments totaling 65 million sq.ft. in over 800 shopping centers. Combined Properties, Inc. (202-736-2813) hired Jessica Berets as assistant general counsel. She will be responsible for drafting, negotiating and consummating legal documents, including lease agreements, for tenants in the company’s retail real estate
portfolio, as well as acting as an advisor for the company’s leasing, construction and property management departments. Prior to joining the company, she served as an associate at Olshan Grundman Frome Rosenzweig & Wolosky, LLP; Paul Hastings Janofsky & Walker, LLP and Debevoise & Plimpton, LLP. The company is a full-service real estate firm based in Washington, DC that maintains a portfolio totaling five million sq.ft., and also offers development, asset management, leasing and financing services. LANE4 Property Group (816-960-1444) hired Roxanne Elliott as a member of the company’s brokerage team. Prior to joining the company, Elliott served on the Kansas City Area Development Council in Kansas City, MO. She specializes in leasing and tenant representation for national, regional and local retail clients, as well as assisting with development projects. The company offers project leasing, tenant representation, development and property management services for retail, office, hospitality and mixed-use projects nationwide. www.dealmakers.net
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Taylor Long Properties (804-864-9788) hired Brian R. Bock as a commercial sales and leasing and investment manager with the company’s retail brokerage team. Federal Realty Investment Trust (301998-8100) hired Lance Billingsley as director of anchor tenant leasing. He will operate out of the company’s northeast region office in Wynnewood, PA and will focus on the leasing of properties throughout the northeastern and midAtlantic regions of the U.S. Prior to joining the company, he served as vice president of leasing and development for Brandolini Cos. and vice president of leasing at First Washington Realty Trust. The company is an equity real estate investment trust specializing in the ownership, management, development and redevelopment of retail assets, and currently maintains a portfolio comprising 18.3 million sq.ft. in metropolitan markets throughout the Northeast and the midD Atlantic, as well as CA. M
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Lead Sheet Automotive Supplies Associates dba Sanel Auto Parts George Segal 129 Manchester Street Concord, NH 03301 603-225-4000, Fax 603-225-2484
Automotive The 36-unit chain operates locations throughout ME, NH and VT. The auto parts stores occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years.
Bergey’s, Inc. dba Bergey’s Henry Bergey 462 Harleysville Pike Souderton, PA 18964 215-723-6071, Fax 215-723-4963 Web site: www.bergeys.com
Automotive The 17-unit chain operates locations throughout DE, MD, NJ, PA and VA. The automotive service centers occupy spaces of 6,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout the existing markets during the coming 18 months.
Fisher Auto Parts dba Fisher Auto Dave Biery PO Box 2246 Staunton, VA 24402-2246 540-885-8901, Fax 540-213-8255 Email: davidb@fisherautoparts.com Web site: www.fisherautoparts.com
Automotive The 300-unit chain operates locations throughout DE, IL, KY, MA, MD, MO, NC, NH, NY, PA, TN, VA, VT and WV. The auto parts stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Anna’s Linens Steve Jackson 3550 Hyland Avenue Costa Mesa, CA 92626 714-460-2802, Fax 714-460-1750 Email: steve.jackson@annaslinens.com Web site: www.annaslinens.com
Bed/Bath/Linens The 273-unit chain operates locations throughout AL, AZ, CA, FL, GA, IL, IN, LA, MD, MS, NC, NJ, NM, NV, PA, SC, TX, VA, WA, WI and Washington, DC. The stores, offering bedding, sheets, comforters, towels, pillows and window treatments, occupy spaces of 7,000 sq.ft. to 12,000 sq.ft. in power and strip centers. Plans call for 75 openings throughout the existing markets during the coming 18 months. Typical leases run five years with options. Specific improvements are required. Preferred demographics include a trade-area population of 150,000 earning $35,000 to $70,000 as the median household income. The company prefers to locate in second-generation spaces. Preferred cotenants include grocery, soft goods and discount department stores, as well as Target and Walmart.
Association of Logos Book Stores dba Logos Bookstores Becky Gorczyca 1675 East Main Street, Suite 204 Kent, OH 44240 330-677-8086, Fax 330-931-3867 Web site: www.logosbookstore.com
Books The 18-unit chain operates locations nationwide and throughout the Bahamas and Canada. The Christian book stores occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run three years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 60,000 within five miles earning $40,000 as the average household income.
Indigo Books & Music, Inc. dba Coles, Smithbooks, Book Co. Drew McGowen 468 King Street West, Suite 500 Toronto, Ontario, Canada M5V 1L8 416-364-4499, Fax 416-646-8907 Email: dmcgowen@indigo.ca Web site: www.indigochapters.ca
Books The 149-unit chain operates locations throughout Canada. The stores, offering books, music and gift items, occupy spaces of 2,500 sq.ft. in malls. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years. The company also trades as Indigo in smaller spaces.
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Lead Sheet Mayo Management dba Lynn’s Hallmark, Amy’s Hallmark, Sportsmania and Campus Spirit Harold Mayo 3900 Montclair Road, Suite 330 Birmingham, AL 35213-1215 205-870-4955
Cards The 22-unit chain operates locations throughout AL, FL, GA, MS and TN. Sportsmania and Campus Spirit prefer to occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. and Lynn’s Hallmark and Amy’s Hallmark prefer to occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in malls and strip centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. The company is site-selective and will consider locations on a case-bycase basis.
CN Brown Co. dba Big Apple Food Stores Russell Cloutier PO Box 200 South Paris, ME 04281 207-743-9212, Fax 207-743-8357 Web site: www.cnbrown.com
Convenience The 90-unit chain operates locations throughout ME, NH and VT. The convenience stores, with gasoline facilities, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout ME and NH during the coming 18 months. A land area of 0.5 to three acres is required.
Dandy Mini Marts, Inc. dba Dandy Mini Mart Randy Williams PO Box 207 Towanda, PA 18848 570-265-6673, Fax 570-888-7161
Convenience The 65-unit chain operates locations throughout NY and PA. The convenience stores occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Sheetz, Inc. dba Sheetz Steve Augustine, Mike LaCesa or Dave Hazelet 5700 6th Avenue Altoona, PA 16602 814-941-5110, Fax 814-947-5379 Emails: saugustine@sheetz.com, mlacesa@sheetz.com and dhazelet@sheetz.com Web site: www.sheetz.com
Convenience The 390-unit chain operates locations throughout MD, NC, OH, PA, VA and WV. The convenience stores, with gasoline facilities, occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 35 years. Preferred cotenants include banks, hotels and restaurants. A land area of 1.5 to two acres is required.
United Dairy Farmers, Inc. dba United Dairy Farmers Store Ross Hobler 3955 Montgomery Road Cincinnati, OH 45212-3733 513-396-8700, Fax 513-366-8558 Web site: www.udfinc.com
Convenience The 189-unit chain operates locations throughout IN, KY and OH. The convenience stores occupy spaces of 3,800 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout KY and OH during the coming 18 months. Major competitors include BP and Speedway. A land area of 1.5 acres is required. The company prefers to acquire sites.
Von Maur, Inc. dba Von Maur Director of Real Estate 6565 Brady Street Davenport, IA 52806 563-388-2200, Fax 563-388-2286 Web site: www.vonmaur.com
Department Store The 25-unit chain operates locations throughout IA, IL, IN, KS, KY, MI, MN, MO, NE and OH. The stores, offering family apparel and accessories, occupy spaces of at least 75,000 sq.ft. in malls and specialty centers. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months.
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Lead Sheet Five Below Tom Rettaliata c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: trettaliata@ripcony.com Web site: www.ripcony.com
Discount The 140-unit chain operates locations throughout CT, DE, IL, IN, MA, MD, MI, NC, NH, NJ, NY, OH, PA, RI, VA and WV. The stores, offering discounted items for teenagers, occupy spaces of 7,500 sq.ft. in outlet, power and strip centers. Growth opportunities are sought throughout northern NJ and Long Island, NY during the coming 18 months, with representation by Ripco Real Estate.
National Stores, Inc. dba Fallas Paredes, Fallas Discount Stores and Factory 2U Michael Fallas or Alejandro Godoy 15001 South Figueroa Street Gardena, CA 90248 310-984-3835, Fax 310-324-2539 Email: agodoy@nationalstoresinc.com Web site: www.nationalstoresinc.com
Discount The 200-unit chain operates locations throughout AZ, CA, NM, NV and TX. The stores, offering family apparel and footwear, as well as home dĂŠcor items, occupy spaces of 18,000 sq.ft. to 22,000 sq.ft. in freestanding locations and power, specialty and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout AZ; CA; CO; Chicago, IL; NM; NV and TX during the coming 18 months. Preferred demographics include a population of 20,000 within one mile earning $25,000 to $45,000 as the average household income.
Family Pharmacy, Inc. dba Family Pharmacy Mr. Lynn Morris 1114 West Jackson Street / PO Box 949 Ozark, MO 65721 417-581-4335, Fax 417-581-5660
Drug Store The 26-unit chain operates locations throughout MO. The drug stores occupy spaces of 2,500 sq.ft to 4,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout southwestern MO during the coming 18 months. Typical leases run five years with options.
The Bartell Drug Co. dba Bartell Drugs David Graef 4727 Denver Avenue South Seattle, WA 98134 206-763-2626, Fax 206-763-2062 Web site: www.bartelldrugs.com
Drug Store The 59-unit chain operates locations throughout western WA. The drug stores occupy spaces of 15,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 15 years with five, five-year options. A turnkey is required.
Uniprix, Inc. dba Uniclinique, Uniprix, Unipharm and Clininque Sante Marc Leclerc 5000 Metropolitan Boulevard East St. Leonard, Quebec, Canada H1S 3G7 514-725-1212, Fax 514-723-8205 Email: marc.leclerc@uniprix.com Web site: www.uniprix.com
Drug Store The 360-unit chain operates locations throughout Quebec, Canada. The drug stores occupy spaces of 8,000 sq.ft. in freestanding locations, malls and specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include food retailers. The company is franchising.
Cleaning Concepts, Inc. dba Cleaning Concepts Gerald David 78270 Willow Rich Drive Palm Desert, CA 92211 Email: info@cleaningconcepts.com Web site: www.cleaningconcepts.com
Dry Cleaners The 35-unit chain operates locations throughout AZ, CA, CO, ID, MA, MT and TX. The dry cleaners occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in freestanding locations and specialty and strip centers. Plans call for three to five openings nationwide during the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include food retailers. Preferred demographics include a population of 10,000 within one mile earning $65,000 as the average household income.
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Lead Sheet Comet Cleaners Franchise Group dba Comet Cleaners Jack Godfrey, Jr. 406 West Division Street Arlington, TX 76011 817-461-3555, Fax 817-861-4779 Email: linda@cometcleaners.com Web site: www.cometcleaners.com
Dry Cleaners The 200-unit chain operates locations throughout the midwestern and southwestern regions of the U.S. The dry cleaners occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. Preferred cotenants include coffee and donut shops. Preferred demographics include a population of 10,000 within three miles earning $50,000 to $75,000 as the average household income. Expansion is franchise-driven.
Communications Electronics Todd Calhoun 1953 Greenspring Drive Timonium, MD 21093 410-252-1222, Fax 410-252-5231 Email: info@communicationselectronics.com Web site: www.communicationselectronics.com
Electronics The 19-unit chain operates locations throughout DE, MD, PA and VA. The electronics stores occupy spaces of 1,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Go Wireless Brian Bielatwoicz c/o Lee & Associates Commercial Real Estate Services, Inc. 25240 Hancock Avenue, Suite 100 Murrieta, CA 92562 951-445-4515, Fax 951-445-4555 Email: bbielatowicz@lee-associates.com Web site: www.gowireless.net
Electronics The 300-unit chain operates locations nationwide. The stores, offering Verizon-brand cellular phones and related services and accessories, occupy spaces of 900 sq.ft. to 2,000 sq.ft. in freestanding locations and pad sites and endcaps of shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Lee & Associates Commercial Real Estate Services, Inc. Preferred cotenants include Target. The company prefers to locate in areas with high traffic counts.
Emerging Vision, Inc. dba Site For Sore Eyes and Sterling Optical Susan Goldberg 100 Quentin Roosevelt Boulevard Garden City, NY 11530 516-465-6995, Fax 516-390-2230 Web site: www.sterlingoptical.com
Optical The 150-unit chain operates locations nationwide throughout 14 states, as well as Ontario, Canada. The eyecare centers occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout select markets nationwide during the coming 18 months.
Costco Wholesale Phil Berry c/o Commercial West Brokerage 2443 East Coast Highway Corona del Mar, CA 92625 949-723-7300 Ext. 11, Fax 949-723-7301 Email: pberry@commercialwest.com Web site: www.commercialwest.com
Wholesale Club The 566-unit chain operates locations nationwide and internationally. The wholesale clubs, offering groceries, office supplies, electronics, household items, books, apparel and eyewear, occupy spaces of 150,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. A land area of 16 acres is required. The company will only acquire sites.
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 14
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Phoenix – Thomas Center, located at the intersection of 91st Avenue and Thomas Road, has spaces available of 1,300 sq.ft. and 1,560 sq.ft. Food City anchors the center and cotenants include Church’s Chicken, Palermo’s Pizza, De Barber Shop, AZ Dental, Thomas Smoke, H&R Block, Subway, AutoZone, Jiffy Lube, Fillberto’s and Jack in the Box. Area retail includes Walmart Neighborhood Market. Area demographics include a population of 310,878 within five miles earning $57,598 as the average household income. The average daily traffic count is 67,819 vehicles. For details, contact Ryan Manteuffel, Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID 83702-7154; 480-289-2005; Email: rmanteuffel@hcollc.com; Web site: www.hcollc.com.
Cupertino – Cupertino Village, a 114,533 sq.ft. center situated on 12.6 acres at the intersection of Wolfe Road and Homestead Road, has spaces available of 1,210 sq.ft.; 1,270 sq.ft.; 1,622 sq.ft. and 2,443 sq.ft. Cotenants include Fantasia Coffee, Vision First Eye Care, Pinky & Winky, Quickly USA, Vee Cosmetics, RS Beauty, 6Kiss Travel, Momo House, Grand Regent Jewelers, De Galleria, Beauty Care, Moshi Moshi, Southland Taste, Jade Galore, HuChiang Dumpling House, Bank of the West, Blue Aroma Spa, Porridge Place, Cali Hair, Scripture Books, Ten Ren Tea, Q-cup, CV Vision, Sheng Kee Bakery, Chung Chou City and East West Bank. Area demographics include a population of 474,199 within five miles earning $114,766 as the average household income. Daly City – Westlake Shopping Center, a 688,283 sq.ft. center situated on 25.64 acres at the intersection of John Daly Boulevard and Park Plaza Drive, has a 14,717 sq.ft. space available. Safeway, Home Depot and Burlington Coat Factory anchor the center. Cotenants include Fitness 19, T.J. Maxx, Walgreens, Baskin-Robbins, Trader Joe’s and Cost Plus World Market. Area demographics include a population of 543,375 within five miles earning $97,752 as the average household income. Walnut Creek – Olympia Place, a 114,733 sq.ft. center situated on 3.22 acres at the intersection of Olympic Boulevard and Locust Street, has spaces available of 2,018 sq.ft. and 2,483 sq.ft. Cost Plus World Market and Century Theatres anchor the center. Cotenants include Flemings Steakhouse, Kacha Bistro, Bollinger Nail Spa, Home of Chicken & Waffles, American Express Travel, Le Creuset, Vitamin & Eco Shoppe and Coco Swirl. Area demographics include a population of 184,834 within five miles earning $95,591 as the median household income. For details, contact Nicole Hauscarriague, Kimco Realty, 75 Southgate Avenue, Daly City, CA 94015; 650-301-3022; Email: nhaus@kimcorealty.com; Web site: www.kimcorealty.com.
located along North Freeway Boulevard is available. Area retail includes The Promenade, featuring Target, Old Navy, Barnes & Noble, Best Buy, BevMo and Office Depot; and Natomas Marketplace, featuring Ross Dress for Less, Michaels, Home Depot, Regal Cinemas, Staples, PetSmart and Walmart. Area demographics include a population of 228,622 within five miles earning $46,078 as the median household income. The average daily traffic count is 217,296 vehicles. Salinas – A divisible 15,400 sq.ft. freestanding building located along South Main Street is available. Area retail includes Nob Hill, Save Mart and CVS. Area demographics include a population of 162,329 within five miles earning $60,006 as the median household income. The average daily traffic count is 74,044 vehicles. San Jose – Avalon on the Alameda, located between West Julian Street and Lenzen Avenue, has spaces available from 978 sq.ft. to 4,051 sq.ft. Cotenants include Starbucks, Papa John’s, The UPS Store and Kumon Learning Center. Area demographics include a population of 220,797 within three miles earning $89,058 as the average household income. The average daily traffic count is 15,000 vehicles. For details regarding the Hayward property, contact Robert G. Quigley or Randol Y. Mackley, SRS Real Estate Partners, 2391 The Alameda, Suite 201, Santa Clara, CA 95050; 408-553-6135; Emails: bob.quigley@srsre.com and randol.mackley@srsre.com; Web site: www.srsre.com. For details regarding the Sacramento property, contact Bob Berndt, 250 Lafayette Circle, 3rd Floor, Lafayette, CA 94549; 925-284-1310; Email: bob.berndt@srsre.com. For details regarding the Salinas property, contact Mark G. Thomas; 408-553-6135; Email: mark.thomas@srsre.com. For details regarding the San Jose property, contact Randol Y. Mackley or Bruce H. Frazer; Email: bruce.frazer@srsre.com.
California Clovis – An 18,000 sq.ft. space located along Clovis Avenue is available. Also, a 49,860 sq.ft. former Vons located along West Shaw Avenue is available. Also, a 12,600 sq.ft. Walgreens located along Shaw Avenue is available for sublease. Fresno – A 7,546 sq.ft. former Hollywood Video located along North Blackstone Avenue is available. Also, a 103,000 sq.ft. Mervyns located along North Blackstone Avenue is available for sublease. Also, a 21,975 sq.ft. Rite Aid located along West Bullard Avenue is available for sublease. Also, a 15,980 sq.ft. former Walgreens located at the intersection of Bullard Avenue and Palm Avenue is available. Also, a 7,000 sq.ft. former b.b. Pepper located along North Palm Avenue is available. Also, a 71,100 sq.ft. Vons located along West Shaw Avenue is available for sublease. Also, an 11,280 sq.ft. Carpetland located along West Shaw Avenue is available for sublease. Also, a 31,468 Rite Aid located at the intersection of Shields Avenue and Brawley Avenue is available for sublease. Merced – A 23,500 sq.ft. former OfficeMax located along West Highway 140 is available. For details regarding the Clovis properties, as well as the Mervyns, Walgreens, Vons and Carpetland properties in Fresno, contact Steve Rontell, Colliers International, 7485 North Palm Avenue, Suite 110, Fresno, CA 93711; 559-256-2445; Email: steve.rontell@colliers.com; Web site: www.colliers.com/fresno. For details regarding the Hollywood Video property, contact Cary Marsella or Mark Henry; 559-2562441/2437; Emails: cary.marsella@colliers.com and mark.henry@colliers.com. For additional information regarding the Rite Aid property in Fresno and the Merced property, contact Mark Henry. page 16
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Hayward – Stratford Village, located at the intersection of Industrial Parkway West and Stratford Road, has spaces available of 1,488 sq.ft.; 1,721 sq.ft. and 4,564 sq.ft. Area demographics include a population of 159,414 within three miles earning $76,361 as the median household income. The average daily traffic count is 211,000 vehicles. Sacramento – A divisible 134,700 sq.ft. former Sam’s Club
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Redding – A center located at the intersection of Interstate 5 and Highway 44 has a 29,500 sq.ft. space available. Petco and Sportsman’s Warehouse anchor the center. Cotenants include Payless ShoeSource, Carbessentials, Hallmark, Check Into Cash, Tuesday Morning, Chevy’s and Winchell’s. Area retail includes Walmart, Office Depot, Costco, Winco Foods, Cinemark, The Sports Authority, Target, Food Max, Barnes & Noble, Home Depot, Kohl’s, Trader Joe’s, Mt. Shasta Mall, Macy’s, JCPenney, Sears, Big Lots, PetSmart, Bed Bath & Beyond, Michaels
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and Best Buy. Area demographics include a population of 139,161 within 10 miles earning $58,807 as the average household income. The average daily traffic count is 112,500 vehicles. Victorville – A center located at the intersection of Valley Center Road and La Paz Road has a 60,954 sq.ft. space available, including a 13,393 sq.ft. mezzanine space. Area retail includes Costco, Vons, Big Lots, Jo-Ann Fabrics and Grocery Outlet. Area demographics include a population of 363,156 within 20 miles earning $68,552 as the average household income. The average daily traffic count is 37,953 vehicles. For details regarding the Redding property, contact Mark Hawkins or Ryan Manteuffel, Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID 83702-7154; 480-7771078; Emails: mhawkins@hcollc.com and rmanteuffel@hcollc.com; Web site: www.hcollc.com. For details regarding the Victorville property, contact Ryan Manteuffel or Shaun Greear; 208-908-5520; Email: sgreear@hcollc.com.
has space available. Area retail includes Connecticut Post Mall, featuring Target, Dick’s Sporting Goods, Macy’s, JCPenney, Sears and Showcase Cinema; Lowe’s Home Improvement; Bed Bath & Beyond and Walmart. For details, contact Michael Shanahan, Fairfield Retail Partners, LLC, 88 Ryders Lane, Stratford, CT 06614; 203-870-8200, Fax 203870-8201; Email: rmiller@fairfieldretail.com; Web site: www.fairfieldretail.com. For additional information regarding the Brookfield property, contact Tom Zuber.
Coconut Creek – Shoppes of Winston Park, located at the intersection of Sawgrass Expressway and Lyons Road, has spaces available of 1,331 sq.ft. and 3,800 sq.ft. along with a 3,012 sq.ft. endcap space. Cotenants include Publix, LA Fitness and The Vitamin Shoppe. For details, contact Ross Realty Investments, Inc., 3325 South University Drive, Suite 210, Davie, FL 33328; 954-4525000 Ext. 220; Email: info@ross-realty.com; Web site: www.ross-realty.com. (continued on page eighteen)
Windsor – Shiloh Shopping Center, a 344,000 sq.ft. center located along Hembree Lane, has spaces available of 1,309 sq.ft.; 1,753 sq.ft.; 2,003 sq.ft. and 2,046 sq.ft. Walmart, Home Depot, Office Depot and Kragen Auto Parts anchor the center. Cotenants include GameStop, Panda Express, Sally Beauty Supply, Hi Tech Burrito, Sleep City, Cold Stone Creamery, Quiznos and Shiloh Nails. Area demographics include a population of 63,204 within five miles earning $92,445 as the average household income. The average daily traffic count is 93,000 vehicles. The asking monthly rent is $2 psf NNN for the 1,309 sq.ft. space and $3 psf NNN for the 2,046 sq.ft. space. For details, contact Vic Shellenberg, Marshall Kelly or Rhonda Deringer, Keegan & Coppin Co., Inc., 1355 North Dutton Avenue, Santa Rosa, CA 95401; 707-5281400, Fax 707-525-1784 or 707-524-1419; Emails: vshellenberg@keegancoppin.com, mkelly@keegancoppin.com and rderinger@keegancoppin.com; Web site: www.keegancoppin.com.
Connecticut Brookfield – A 9,000 sq.ft. center located along Brookfield Road has space available. Area retail includes The Vitamin Shoppe, Kohl’s, Costco, Stew Leonard’s, Bernies, Michaels, Bed Bath & Beyond, Bob’s Stores and Home Depot. Milford – A 63,000 sq.ft. center located along Boston Post Road www.dealmakers.net
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Daytona Beach – Midtown Plaza, located at the intersection of West International Speedway Boulevard and Nova Road, has spaces available of 7,500 sq.ft. and 20,126 sq.ft. along with outlots. Burlington Coat Factory anchors the center. Area draws include Daytona State College, UCF and Bethune Cookman University. The average daily traffic count is 80,000 vehicles. For details, contact Whitaker Leonhardt, Crossman & Co., 3333 South Orange Avenue, Orlando, FL 32806; 407-581-6238; Email: wleonhardt@crossmanco.com; Web site: www.crossmanco.com. Doral – 79 Shoppes & Offices, located along Northwest 79th Avenue, has spaces available from 840 sq.ft. to 4,400 sq.ft. 7-Eleven Anchors the center. Hallandale – A center located along Pembroke Road has spaces available from 1,000 sq.ft. to 2,000 sq.ft. For details, contact Michael 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. Lake Wales – Shoppes on the Ridge II, located at the intersection of U.S. Highway 27 and Chalet Suzanne Road, has space available. Cotenants include Publix, PNC Bank and Kohl’s. Area retail includes Home Depot. Area demographics include a population of 40,075 within five miles earning $52,699 as the average household income. For details, contact Brian Bern or Ryan Derriman, Franklin Street Real Estate Services, 500 North Westshore Boulevard, Suite 750, Tampa, FL 33609; 813-839-7300, Fax 813839-7330; Emails: brian.bern@fsfp.com and ryan.derriman@fsfp.com; Web site: www.franklinstreetfinancial.com. Weeki Wachee – A center located along U.S. Highway 19 has a 1.14-acre parcel available. Publix anchors the center. Cotenants include The UPS Store and Subway. Area demographics include a population of 86,783 within five miles. For details, contact Terri Duncan, Paradise Ventures, 2901 Rigsby Lane, Safety Harbor, FL 34695; 727-726-1115; Email: tduncan@paradiseaventuresinc.com.
Georgia Riverdale – Merchant’s Square, a 125,134 sq.ft. center located at the intersection of Highway 85 and Bethsaida Road, has page 18
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spaces available of 1,200 sq.ft.; 1,400 sq.ft.; 2,100 sq.ft. and 6,400 sq.ft. Kroger anchors the center and cotenants include Payless ShoeSource, Blimpie, Jackson Hewitt, Metro PCS, Chase Bank, Pizza Hut, Picadilly, Cato and Red Wing Shoes. Area demographics include a population of 163,796 within five miles earning $51,463 as the median household income. The average daily traffic count is 63,800 vehicles. The asking rent is $14 psf with CAM of $1.73 psf and taxes of $1.29 psf. For details, contact Natalya Zelikova, Infinity Property Fund, PO Box 566517, Atlanta, GA 31156; 678564-0140, Fax 678-248-0524; Email: natalya@infinityproperty.com; Web site: www.infinityproperty.com.
Office. Area draws include National Lewis University. For details, contact Sarah Moberg, Zifkin Realty Group, LLC, 560 West Washington Boulevard, Suite 330, Chicago, IL 60661; 312624-7784; Email: smoberg@zifkinrealty.com; Web site: www.zifkinrealtygroup.com.
Idaho Boise – Franklin Towne Plaza, located at the intersection of Franklin Road and Milwaukee Street, has spaces available of 1,750 sq.ft.; 2,639 sq.ft. and 6,440 sq.ft. Cotenants include Office Depot, DSW, Golf Galaxy, Performance Bicycle, Best Buy, Cabela’s, Michaels, T.J. Maxx and OfficeMax. Area retail includes Boise Towne Square Mall. Area demographics include a population of 358,281 within 10 miles earning $74,088 as the average household income. The average daily traffic count is 54,395 vehicles. Also, Milwaukee Street Marketplace, located at the intersection of Milwaukee Street and Irving Street, has a 20,522 sq.ft. space available. Cotenants include Cost Plus World Market, Jo-Ann Fabrics and Zurcher’s Party Supply. Area retail includes Barnes & Noble, The Sports Authority, Home Depot, Shopko, Staples, Winco Foods and Boise Towne Square Mall. Area demographics include a population of 448,937 within 15 miles earning $71,207 as the average household income. The average daily traffic count is 48,485 vehicles. For details, contact Jay Blacker or Shawn Greear, Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID 83702-7154; 208-9085521/5520; Emails: jblacker@hcollc.com and sgreear@hcollc.com; Web site: www.hcollc.com.
Illinois Chicago – Spaces from 2,968 sq.ft. to 6,522 sq.ft. located along South Wabash Avenue are available. Area retail includes Rhapsody, 7-Eleven, McDonald’s, Chase Bank, Exchequer Pizza & Ribs, Dunkin’ Donuts, Corner Bakery, The UPS Store and FedEx
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LaGrange – LaGrange Crossing, located at the intersection of Ogden Avenue/Route 34 and LaGrange Road, has a divisible, twolevel 21,000 sq.ft. anchor space available. Cotenants include Trader Joe’s, Pier 1 Imports and Corner Bakery Café. Area demographics include a population of 104,124 within three miles earning $100,823 as the average household income. Mundelein – Oak Creek Plaza, located at the intersection of Route 60 and Route 45, has a divisible space of 10,000 sq.ft. available. Cotenants include Hobby Lobby, Menards, Culver’s and Thybony Paint. Area demographics include a population of 129,170 within five miles. For details regarding the LaGrange property, contact Barb Kading, Mid-America Asset Management Inc., One Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181, 630-9547348; Email: bkading@midamericagrp.com; Web site: www.midamericagrp.com. For details regarding the Mundelein property, contact Liz Krebs; 630-954-7362; Email: lkrebs@midamericagrp.com.
Montana Bozeman – A center located at the intersection of 19th Avenue and Oak Street has spaces available of 6,500 sq.ft. and 26,000 sq.ft. along with a 2,100 sq.ft. pad site and a 12,500 sq.ft. space with a drive-thru. Area retail includes REI, Wholesale Sports, Cost Plus World Market, Famous Footwear, Office Depot, Baja Fresh/Canyons Burgers, Buffalo Wild Wings, Montana Spirits & Wine, Home Depot, Alltel, Smith’s, Gap, Old Navy, Pier 1 Imports, Lowe’s Home Improvement and IHOP. Area demographics include a population of 96,344 within 30 miles earning $68,241 as the average household income. The average daily traffic count is 38,740 vehicles. The asking rent is $17.95 psf for the 12,500 sq.ft. space and $19.95 psf for the 6,500 sq.ft. space. Helena – A center located at the intersection of Custer Avenue and Sanders Street has spaces available from 1,000 sq.ft. to 3,530 sq.ft. along with a divisible space of 50,000 sq.ft. Area retail includes Wholesale Sports, Home Depot, Lowe’s Home Improvement, Costco, Shopko, Jo-Ann Fabrics, Albertsons, Ross Dress for (continued on page twenty)
Over 6,000
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? TenantSearch 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 6,000 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.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and online TenantSearch users receive 5 to 25 leads daily via email. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and retail uses you desire, and within seconds you’ll have a list of prospective tenants for your location.
Call 1-800-732-5856 or visit our Web site at www.tenantsearch.com
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Less, Hastings, Target, Famous Footwear, Macy’s, Ashley’s Home Furnishings, Petco, Sears and Kmart. Area demographics include a population of 64,982 within 25 miles earning $63,434 as the average household income. The average daily traffic count is 39,930 vehicles. For details regarding the Bozeman property, contact Bryan Vaughn or Shaun Greear, Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID 83702-7154; 208-9085522/5520; Emails: bvaughn@hcollc.com and sgreear@hcollc.com; Web site: www.hcollc.com. For details regarding the Helena property, contact Shaun Greear or Jason Hawkins; 208-908-5510; Email: jhawkins@hcollc.com.
North Carolina Cary – Cary Park Town Center, located at the intersection of Carpenter Fire Station Road and Green Level Church Road, has spaces available of 1,044 sq.ft.; 1,131 sq.ft.; 1,676 sq.ft. and 3,769 sq.ft. along with outlots. Harris Teeter anchors the center and cotenants include Lee Day Spa, Planet Beach, Subway, Cary Park Cleaners, Yo Lo Frozen Yogurt, Spring Kitchen, Great Clips, First Citizens Bank, Wachovia Bank and CVS. Fayetteville – Marketfair Mall, located along Skibo Road, has space available along with an outlot. Carmike Cinemas, hhgregg and Gander Mountain anchor the center. Area retail includes Staples, Bed Bath & Beyond, Office Depot, Lowe’s Home Improvement and Cross Creek Mall, featuring Sears, Macy’s, JCPenney and Belk. Area demographics include a population of 289,322 within 10 miles earning $55,687 as the average household income. The average daily traffic count is 44,000 vehicles. For details, contact Matt Larson, Lincoln Harris; 919-645-6964; Email: mlarson@lincolnharris.com; Web site: www.lincolnharris.com. Fayetteville – A divisible 100,000 sq.ft. space located along North McPherson Church Road is available. Area retail includes Carrabba’s, Moe’s Southwest Grill, Barnes & Noble, Office Depot, Cross Creek, Olive Garden, Outback Steakhouse, Hooters, Chuck E. Cheese’s and Red Lobster. The average daily traffic count is 27,000 vehicles. For details, contact Neil Grant or T. Patrick Murray, Grant Murray Real Estate, LLC; 910829-1617; Emails: neil@grantmurrayre.com and patrick@grantmurrayre.com; Web site: www.grantmurrayre.com. page 20
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Ohio
Greenville – Lynncroft Shopping Center, located at the intersection of Greenville Boulevard and Evans Road, has a 4,900 sq.ft. space available. Best Buy, Lowes Foods, Ross Dress for Less, Bed Bath & Beyond, Omega Sports and Ultra anchor the center. Area draws include East Carolina University. Area demographics include a population of 119,392 within seven miles earning $55,271 as the average household income. The average daily traffic count is 18,000 vehicles. Rocky Mount – Winstead Park, located at the intersection of Winstead Avenue and Highway 64, has outlots available from 0.5 acres to 2.65 acres. Area retail includes Waffle House, Cracker Barrel, Outback Steakhouse, Bojangle’s and Biscuitville. Area demographics include a population of 77,729 within seven miles earning $55,731 as the average household income. The average daily traffic count is 44,000 vehicles. For details, contact Argus Development Group, 2908 Oak Lake Boulevard, Suite 203, Charlotte, NC 28208; 704-3769848 Ext. 229, Fax 704-376-3918; Email: stan@argusdevelopmentgroup.com.
For details, contact Dan Zelson, Charter Realty & Development Corp., 183 Main Street, Westport, CT 06880; 203-227-2922; Email: dan@chartweb.com; Web site: www.chartweb.com.
Wilmington – Monk’s Corner, located at the intersection of Market Street and South College Road, has spaces available from 1,250 sq.ft. to 5,577 sq.ft. Area retail includes Walmart Supercenter. Area demographics include a population of 131,067 within five miles earning $56,738 as the average household income. The average daily traffic count is 77,000 vehicles. For details, contact Dale Tweedy, Centdev Properties; 704-895-1535 Ext. 7003; Email: dtweedy@centdev.com; Web site: www.centdev.com.
Ohio Fairlawn – Fairlawn Town Centre, located along West Market Street, has spaces available from 809 sq.ft. to 39,840 sq.ft. Cotenants include Giant Eagle, Marc’s, HomeGoods, U.S. Postal Service, Chuck E. Cheese’s and Target. Mt. Vernon – Knox Village Square, a 207,409 sq.ft. center located along Coshocton Avenue, has spaces available from 2,100 sq.ft. to 3,500 sq.ft. along with a pad site. Kmart anchors the center and cotenants include JCPenney, Peebles, Hibbett Sports, Fashion Bug and Pat Catan’s. Youngstown – Boardman Plaza, a 622,938 sq.ft. center located along Bardman-Canfield Road, has spaces available from 1,350 sq.ft. to 60,000 sq.ft. Burlington Coat Factory anchors the center and cotenants include Hobby Lobby, Giant Eagle, IGA, Michaels and Planet Fitness.
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Oregon Beaverton – A 4.12-acre parcel located at the intersection of Highway 217 and Canyon Road is available. Area retail includes Kohl’s, Home Depot, Target, Fred Meyer, T.J. Maxx, Marshalls, Petco, Trader Joe’s, Bed Bath & Beyond and Michaels. Area demographics include a population of 335,216 within five miles earning $89,284 as the average household income. The average daily traffic count is 152,800 vehicles. For details, contact Bryan Vaughn or Shaun Greear, Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID 83702-7154; 208-9085522/5520; Emails: bvaughn@hcollc.com and sgreear@hcollc.com; Web site: www.hcollc.com.
Pennsylvania Philadelphia – A 450,000 sq.ft. mixed-use building located along Market Street has an 8,100 sq.ft. space available. Cotenants include TD Bank, Starbucks, Bruegger’s and Gia Pronto. Also, a 3,444 sq.ft. space located at the intersection of Broad Street and Sansom Street is available. For details regarding the Market Street property, contact Jacob Cooper, Michael Salove Co., 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215-568-2600 Ext. 14; Email: jcooper@salove.com; Web site: www.salove.com. For details regarding the Broad Street property, contact Andi Pesacov; 215-568-2600 Ext. 23; Email: apesacov@salove.com.
South Carolina Greenville – A center located at the intersection of Woodruff Road and Interstate 85 has a divisible 3,500 sq.ft. space available. Academy Sports anchors the center and cotenants include Trader Joe’s, Mattress Firm, GameStop and Eyes in Motion. Area retail includes Target, Kohl’s, Ross Dress for Less, Sears, Costco, Home Depot and T.G.I. Friday’s. Area demographics include a population of 246,357 within seven miles earning $71,523 as the average household income. The average daily traffic count is 133,800 vehicles. Landrum – Bi-Lo Shopping Center, located at the intersection of Highway 14 and Fairwinds Road, has a 5,000 sq.ft. (continued on page twenty-two)
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2011 icsc new york national conFerence
The December 9th issue, distributed at the ICSC New York National Conference in New York, NY, delivers 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 November 25th 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 December 9th show issue gets exposure on the show floor! FOLLOW UP In addition to powerhouse companies that read The Dealmakers every week, the December 16th post-show issue is mailed to attendees — giving you added exposure!
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(continued from page twenty)
space available along with two 0.57-acre outlots. Bi-Lo anchors the center and cotenants include Dollar General, Subway, Advance America, Bojangle’s and Verizon Wireless. Area retail includes Burger King and Denny’s. Area demographics include a population of 48,105 within 10 miles earning $57,269 as the average household income. The average daily traffic count is 10,800 vehicles. For details regarding the Greenville property, contact Courtney Carter or Bill Runge, Hughes Commercial Properties, 935 South Main Street, Suite 202, Greenville, SC 29601; 864-233-0079, Fax 864-233-2093; Web site: www.hughescommercial.com. For details regarding the Landrum property, contact Cortney Carter or Greg Carter.
Tennessee Murfreesboro – Discovery Plaza, a 40,582 sq.ft. center located along Southeast Broad Street, has spaces available of 2,257 sq.ft.; 6,525 sq.ft.; 8,500 sq.ft. and 14,000 sq.ft. Area retail includes Subway and McDonald’s.
Tennessee
Utah
For details, contact Swanson Developments, 1188 Park Avenue, Murfreesboro, TN 37129; 615-896-0000; Web site: www.swansondev.com.
Area demographics include a population of 104,541 within 10 miles earning $63,212 as the average household income. The average daily traffic count is 49,145 vehicles. For details, contact Jay Blacker or Shaun Greear, Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID 83702-7154; 208-9085521/5520; Emails: jblacker@hcollc.com and sgreear@hcollc.com; Web site: www.hcollc.com.
Texas San Antonio – The Point Shopping Center, located at the intersection of Babcock Road and DeZavala Road, has a divisible space of 1,776 sq.ft. available. For details, contact Chad Clark, Delta Properties, 18585 Sigma Road, Suite 106, San Antonio, TX 78258; 210-404-1333 Ext. 106; Email: cclark@deltaproperties.com; Web site: www.deltaproperties.com.
Utah Logan – A center located at the intersection of Main Street/Highway 91 and West 1400 North has a 5,000 sq.ft. space available along with a divisible space of 2,200 sq.ft. Cotenants include Best Buy, Staples, Michaels, Ross Dress for Less, Shoe Carnival, dressbarn, Verizon Wireless and Chili’s. Area retail includes Kohl’s, Walmart Supercenter and Cache Valley Mall.
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Virginia Vienna – Danor Plaza, located at the intersection of Maple Avenue and Branch Road, has spaces available from 1,475 sq.ft. to 6,000 sq.ft. Area retail includes CVS, Giant, Whole Foods Market and Walgreens. Area demographics include a population of 250,715 within five miles earning $105,283 as the median household income. For details contact Jeff Pollak or Jared Meier, Streetsense Cos., Inc., 4600 East West Highway, Suite 800, Bethesda, MD 20814; 240-479-7200/7195; Emails: jpollak@streetsense.com and jmeier@streetsense.com; Web site: D M www.streetsense.com.
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May 6, 2011
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pro M fes ee (Bo si t w C o to th # onf onal ith dis S ere s a DJ cu 28 nc t th M R ss 9 e i e rea R S n L ICS ealty l e t. i as C R sta n t Ve E te he gas Con op So po ut rtu h H nit al ies l) .
today’s real Estate Market Demands smarter strategies.
At DJM Realty, we develop comprehensive strategies using state of the art operating models, forecasting and benchmarking. In addition, DJM helps our clients grow, reduces their leasehold exposure by disposing of under-performing leases and fee-owned real estate and renegotiating occupancy costs. We also put our own capital to work to create mutually beneficial partnerships. FACiLitAtinG Growth
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Celebrating Years of
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Visit us at Booth S236 Q Street at RECon 2011. For more information, contact: Robert Delavale | Director of Leasing | 516-741-7400 x230 | rdelavale@breslinrealty.com 500 Old Country Road | Garden City, NY 11530 | 516-741-5621 Fax | www.breslinrealty.com