Dealmakers Magazine | May 22, 2009

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

Volume XXIV No. XIX

May 22, 2009

Apparel Chains Expand Nationwide New York New York, The Clothing Co. operates four locations throughout TN and TX. The stores, offering women’s apparel and accessories, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in freestanding locations and outlet and tourist centers. Plans call for three openings throughout FL, Las Vegas, NV, NY and TX during the coming 18 months. Typical leases run 10 years. A vanilla shell and tenant improvement allowance are required. Preferred demographics include a population of one million within 100 miles earning $75,000 as the average household income. Preferred cotenants include Banana Republic and Charlotte Russe. Major competitors include dressbarn, Papaya and Wet Seal. For more information, contact Haya Kadosh, New York New York, The Clothing Co., PO Box 2488, Hallandale, FL 33008; 305-249-6646, Fax 305-249-6647. Sports Fan / Legends, Inc. trades as Sports Fan and Legends at 12 locations throughout DE, MD, NC and VA. The stores, offering athletic apparel, footwear and related merchandise, occupy spaces of 1,200 sq.ft. to 4,000 sq.ft. in malls and lifestyle and specialty centers. Plans call for two openings throughout MD, NC and VA during the coming 18 months. Typical leases run five years. Major competitors include Foot Action, Foot Locker and Downtown Locker Room. For more information, contact Glenn Ferraro, Sports Fan / Legends, Inc., 11838 Canon Boulevard, Newport News, VA 23606; 757-873-3877, Fax 757-873-4787; Email: glenn@legends-sports.com.

Dressbarn, Inc. trades as dressbarn at 830 locations nationwide. The stores, offering casual, career and dress apparel for women, occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in community, lifestyle, power, outlet, strip and regional tourist centers, as well as urban/ downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include grocery and discount department stores, as well as fashion and soft goods retailers. The company also trades as Maurices at 700 locations nationwide. The stores, offering casual, career and dress apparel for women, occupy spaces of 5,000 sq.ft. in power and strip centers. Plans call for 55 to 60 openings throughout the existing market during the coming 18 months. Typical leases run five years with four, five-year options. A vanilla shell is required. Preferred cotenants include JCPenney, Kohl’s and Target. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. For more information regarding dressbarn, contact Elise Jaffe, Dressbarn, Inc., 30 Dunnigan Drive, Suffern, NY 10901; 845-369-4804, Fax 845-369-4750; Email: elise.jaffe@dressbarn.com; Web site: www.dressbarn.com. For more information regarding Maurices, contact Tom Karis, Maurices, Inc., 105 West Superior Street, Duluth, MN 55802; 218-727-8431 Ext. 2071, Fax 218-720-2138; Email: tkaris@maurices.com; Web site: www.maurices.com. (continued on page thirty-four)

This issue contains information on:

* Retailers operating 47,713 locations with plans to open 4,452 sites * Real estate valued in excess of $885.76 million to be bought, sold & financed * Leasing activity on over 24.9 million sq.ft. of retail properties

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Featuring ICSC RECon 2009 The Global Retail Real Estate Convention Shopping Centers Under Development & Construction Pg. 3 Observations & Conversations Pg. 4 Profiles Cedar Shopping Centers, Inc. Pg. 6 Children of America.............. Pg. 8 Who Is Buying and Who Is Selling................................... Pg. 14 Retailers Opening Sites Nationwide........................... Pg. 16 Commentary: Things Are So Bad Pg. 20 Supermarket Chains Seeking Expansion Opportunities....... Pg. 26 Automotive Parts & Service Tenants Look For Store Locations............................... Pg. 28 Restaurant Concepts In Growth Mode....................... Pg. 36 Lease Signings....................... Pg. 40 Sources of Financing............. Pg. 44 ExclusiveTenantRepresentation Assignments.......................... Pg. 48 Professionals Make The News Pg. 55 Lead Sheet............................. Pg. 69 Space For Lease..................... Pg. 74 ICSC RECon Floor Plan......... Pg. 87 Most Value Players............... Pg. 122

For more news go to: www.dealmakers.net


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