Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XVIII
May 8, 2009
Home-Related Chains Expand Nationwide Rooms To Go trades as Rooms To Go and Rooms To Go Kids at 162 locations throughout AL, FL, GA, LA, MS, NC, SC, TN, TX and Puerto Rico. The home furnishings stores occupy spaces of 30,000 sq.ft. to 75,000 sq.ft. in freestanding locations. Plans call for six to 10 openings throughout TX and the southeastern region of the U.S. during the coming 18 months. Preferred demographics include a population of 300,000 within seven miles earning $50,000 as the average household income. Major competitors include Ashley Furniture. A land area of three to four acres is required. The company prefers to acquire sites. For more information, contact Jeff Finkel, Rooms To Go, 400 Perimeter Center Terrace, Suite 800, Atlanta, GA 30346; 678-475-0499, Fax 770-352-9953; Email: jfinkel@roomstogo.com; Web site: www.roomstogo.com. Harbor Freight Tools operates 328 locations nationwide. The home improvement centers occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations and strip and value centers. Plans call for 30 openings throughout New England, AK and San Jose, CA during the coming 18 months. Typical leases run five years with options. A land area of 1.4 acres is required for freestanding locations. For more information, contact Rick Heath, Harbor Freight Tools, 3491 Mission Oaks Boulevard, Camarillo, CA 93012; 805388-1000 Ext. 4324, Fax 805-445-4902; Email: rheath@harborfreight.com; Web site: www.harborfreight.com.
W.E. Aubuchon Co., Inc. trades as Aubuchon Hardware at 130 locations throughout CT, MA, ME, NH, upstate NY and VT. The hardware centers occupy spaces of 8,000 sq.ft. to 9,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with three, five-year options. Major competitors include big box retailers and Ace Hardware. A land area of 1.2 acres is required for freestanding locations. For more information, contact Gregory Moran, W.E. Aubuchon Co., Inc., 95 Aubuchon Drive, Westminster, MA 01473; 978-874-0521, Fax 978-874-2096; Email: gmoran@aubuchon.com; Web site: www.aubuchonhardware.com. Rent-A-Center operates 3,000 locations nationwide and throughout Canada and Puerto Rico. The stores, offering rental and rent-to-own name-brand furniture, electronics, appliances and computers, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations, endcaps, inline spaces and strip centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Fairfield Retail Partners. For more information, contact Leslie Navarro, Fairfield Retail Partners, 88 Ryders Lane, Stratford CT 06614; 203-870-8200, Fax 203-8708201; Email: lnavarro@fairfieldretail.com; Web sites: www.fairfieldretail.com and www.rentacenter.com. (continued on page twenty-eight)
This issue contains information on:
* Retailers operating 22,023 locations with plans to open 2,144 sites * Real estate valued in excess of $660.61 million to be bought, sold & financed * Leasing activity on over 24.84 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Pre-Show ICSC RECon 2009 Buyers & Sellers Adelphia Properties is selling two shopping centers in IL..... Pg. 3 Observations & Conversations Pg. 4 Profile|WLS Lighting Systems Pg. 6 Bankruptcies & Closings Borders Group continues to close Waldenbooks locations Pg. 8 New Construction Real Estate Southeast is preleasing a center in Prattville, AL.......................... Pg. 8 Openings Jos. A. Bank looks to open sites nationwide..................... Pg. 24 Exclusives Grubb & Ellis represents Thunder Jackson’s with its expansion nationwide........... Pg. 28 Food Retailers Expand Johnny Rockets is seeking sites throughout CT, NY and PA.... Pg. 32 In The News NAI San Diego hired Duane Bernard and Chuck Weinberger........................... Pg. 33 Sources of Financing CitySide International Corp. provides financing in amounts up to $20 million................... Pg. 34 Lease Signings Centro Properties negotiated leases throughout CA, GA, NC and TX............................ Pg. 34 Lead Sheet A.C. Moore is slated to open sites throughout the Northeast and Southeast........................ Pg. 39 Space Place........................... Pg. 44 ICSC RECon Floor Plan......... Pg. 53 Most Valuable Players........... Pg. 69
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