Dealmakers Magazine | May 22, 2009

Page 1

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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THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.

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New Construction Paramount Realty Services, Inc. is preleasing a strip center located at the intersection of Colts Neck Road and Route 33 in Howell, NJ. Spaces from 1,300 sq.ft. to 2,400 sq.ft. are available. Area demographics include a population of 41,964 within a five-mile radius earning an average household income of $97,731. The asking rent is $21.50 psf plus NNN fees. For more information, contact Gene Benko, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732961-8113, Fax 732-886-1690; Web site: www.prs-nj.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............................................ Nicholas Hamner

York Commercial is preleasing Kitt Creek Commons Shopping Center, located along NC Highway 55 in Durham, NC. Shop spaces and two outlots of 0.97 acres are available. Area demographics include a population of 54,484 within a five-mile radius earning an average household income of $62,937. For more information, contact John Koonce, York Commercial, 801 Oberlin Road, Raleigh, NC 27605; 919-645-2765; Email: johnkoonce@yorkproperties.com; Web site: www.yorkproperties.com. Spake Real Estate is preleasing a center located at the intersection of North Merrimon Avenue, Weaverville Road and Interstate 26 in Asheville, NC. Spaces of 1,675 sq.ft. to 9,680 sq.ft. are available. The asking rent ranges from $25 psf NNN to $28 psf NNN. The center is slated to open during the second quarter. For more information, contact John Spake, Spake Real Estate, 83 Peachtree Road, Asheville, NC 28803; 828-277-9670, Fax 828-2779672; Email: john@spakerealestate.com; Web site: www.spakerealestate.com.

Metroscape Real Estate, Inc. is preleasing Alondra Gardens, a 54,200 sq.ft. strip center located at the intersection of Alondra Boulevard and Clark Boulevard in Bellflower, CA. Spaces are available. Area demographics include a population of 229,785 within a three-mile radius earning a median household income of $52,233. The average daily traffic count is 46,652 vehicles. The asking monthly rent ranges from $2.50 psf to $3.50 psf with CAM of $0.50 psf. The company is also preleasing Oakwood Plaza, a 14,800 sq.ft. strip center situated on a land area of 15,071 sq.ft. at the intersection of Long Beach Boulevard and Los Flores Boulevard in Lynwood, CA. Spaces of 5,192 sq.ft. and 7,858 sq.ft. are available. Area demographics include a population of 404,989 within a three-mile radius earning a median household income of $39,079. The average daily traffic count is 53,000 vehicles. The asking monthly rent ranges from $3 psf to $3.50 psf with CAM of $0.50 psf. The company is also preleasing Orchard Plaza, a 49,340 sq.ft. strip center located at the intersection of Holt Boulevard and Ramona Avenue in Montclair, CA. Spaces are available. Area demographics include (continued on page ten)

nicks@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder................................................... Ted Kraus 1979–2007

The Dealmakers TM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2009 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.

And we pay in cash. AEI has been buying existing, to-be-built, and/or sale-leaseback net lease properties nationwide for more than three decades. And we’ve always been all-cash. No debt means quick decisions, fast closings and no delays. When it comes to commercial acquisitions, no one stacks up to AEI. For more information, contact George Rerat today.

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May 22, 2009

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Observations & Conversations Our industry is extremely resilient and, when the economy rebounds, those of us left standing will be ready to reshape and revamp the retail landscape with a lot of creativity and gusto. It’s Vegas time!!! Yeah, I know most of you are wrapped up in focusing on how bad things are, worrying about your job or lack of one or your cash flow (if you’re the one signing the paychecks), and you’re devoting most of your conversations to topics of doom and gloom. I’m hearing that a lot of people are “opting out” of going to Vegas this year, citing “things are so slow,” “there aren’t any deals out there anyway” and “I don’t want to spend the money to go.” Stupid, stupid, stupid!!! Yes, it’s dire - very dire. I’m not discounting that times are difficult, but playing into the negativity gets you nowhere fast. All of those folks that waste their time moaning and groaning have chosen to let the next big opportunity pass them by. That’s good news for those of us that are still making cold calls and following up on the eternally-dying deals that we keep trying to revive. Yes, it is tough. There is no doubt that the financial crisis has rocked the world, and our industry, among many other sectors, took a big hit. I’m bombarded everyday, just like you, with news and rumors of stores closings, retail bankruptcies, landlords defaulting on loans, brokers getting stiffed, petty lawsuits and a whole lot of back stabbing to get any crumbs left on the plate, but there are still huge opportunities and fortunes to be made in retail and retail real estate. While you’re walking the convention halls this year, take a look around. These are the folks that fully expect and intend to make money, and they’re going to figure out a way to not only survive, but also prosper. Granted, it takes patience to navigate choppy waters and sometimes it requires you to switch jobs or regroup to offer more services. But everyone at this year’s show can proudly say they survived the shakeout of ’09 and, hopefully, most of you kept your humor intact even though the past few months have been challenging. When the going gets tough, you either laugh or cry, and laughing is definitely a more productive approach. This year, The Dealmakers staff decided to add some comic relief to our Vegas show issue and I now know a lot of our subscribers still have a funny bone. Some of the replies, most of them unprintable, had me rolling on the floor laughing; a few of them made me almost hyperventilate they were so funny. (There are a couple of real estate folks that missed their calling as stand-up comedians.) You should check out the one-liners that our readers came up with on pages 20 and 21 – you’ll get a chuckle. On the topic of missing one’s calling, I’ve talked to a lot of retailers that are going to the show without many appointments scheduled. I’m really shocked that most of them aren’t booked solid. I think one reason that nobody’s calling them is that a lot of landlords want to duck and dodge confrontations about rent reductions and terminations for existing deals so they’re not even trying to make an appointment. Crazy logic, but not all of us are too bright. Recently, I’ve noticed two new forms of life happening in our industry - the proliferation in the new development of centers under 50,000 sq.ft. around the country and, although this contradicts most news reports, I’m seeing a lot of activity from franchisees. I’m not sure where they’re getting the financing, but there are leases with franchisees being signed and deals getting done. I’ve also heard a number of strong concepts giving some extraordinary incentives to becoming a franchisee. I saw one prospectus that guaranteed the franchisor would buy back the unit, a food concept, at full value if it wasn’t at breakeven within six months of opening. There are deals out there, maybe not huge anchors taking space, but if you’re leasing small shop space you can find tenants; you just have to bang on a lot of doors and bang repeatedly when they don’t open. I got a call from a reader complaining that one of the retailers we wrote about in The Dealmakers that’s expanding won’t ever return his calls. He asked if we ever got the retailer on the phone. So I looked page 4

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the chain up our internal database that notes who we talked to, what date and time the conversation took place or if the retailer responded to us by email, etc. Our records showed that the real estate person had spoke to us directly on numerous occasions by phone, so my hunch was that the tenant wasn’t returning phone calls on sites that didn’t interest him. Maybe the next voicemail the leasing agent leaves should either be pathetic or funny enough to warrant a courtesy call back. Unfortunately, many of us get burnt out by leaving voice mail and often resort to trying tossing guilt or even become a bit rude when return calls don’t come immediately or ever; those tactics never work. It’s always better to take the humble or humorous approach and if nothing else, at least you’ve amused yourself. Also, don’t take it personally. Most retail chains are so understaffed in their real estate departments that some of these folks barely have time to breathe, let alone respond to every site submittal. While this down cycle has caused its share of casualties, a lot of the chains that have gone belly up in the past year deserved it. To call a spade a spade, Linens ‘N Things couldn’t compete with Bed Bath & Beyond while Circuit City couldn’t hold a candle to Best Buy. Most of the chains that have fallen by the wayside have left their competition sitting pretty and poised to pounce once the economy starts to show a recovery. I’m getting tired of retailers complaining that no one is buying. I was at Macy’s in New York and they we’re having a huge 40%- to 50%-off sale. The store was so crowded that I had to wait in line for a dressing room and wait again, with customers complaining about people cutting in line, to pay. Customers will shop; they just want a bargain or cheap impulse buys or entertainment. In this climate, only the retailers that are truly creative with their merchandise and marketing will come out on top. Unfortunately, there aren’t many good merchants running American chains. For the most part, it’s the same ole’ same ole’ in every store you go to and it’s gotten hard to tell them apart because they’ve all become so homogeneous. Case in point, 99% of the ladies apparel stores that I’ve visited in the past two months should change their name to “The Color Purple,” because 80% of the merchandise is purple. I’m not sure if it’s a northeast thing, since that’s where I was visiting, or what, but 80% of what I saw - purple. Even the entire third floor of a Macy’s that I shopped was completely filled with mauve, lavender, lilac, plum and every other variation of purple clothes you can imagine. I hope purple sells this season; otherwise there’ll be a whole bunch of boring, uncreative ladies’ apparel chains in the red and a lot of closeout stores awash in purple. There was a letter circulating around recently, addressed to the board members and stockholders of Charlotte Russe. The letter complained that the board’s accomplishments included alienating senior management, hiring inexperienced replacements and then paying them a lot of money. I think this type of reprimand is warranted for most chains, and it still continues to amaze me that retailers continually hire weak management. Stuart Makler has a tag line that should really resonate with retailers and landlords that are in distress: “The worst of times requires the best talent.” The retail real estate industry will be forever changed by this latest economic blight. We’re witnessing some iconic, huge players such as GGP, Centro and Simon retrench to the point of almost nonexistence compared to the days of yore when the major mall developer was king of the retail real estate. Our industry is extremely resilient and, when the economy rebounds, those of us left standing will be ready to reshape and revamp the retail landscape with a lot of creativity and gusto. I hope you all have a great convention and make some deals. Stop by our booth at S2916 29th Avenue in the South Hall to say “hello” and grab a cold glass of lemonade.

www.dealmakers.net

Ann O’Neal, Publisher


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Profile — A monthly column featuring retail real estate companies Cedar Shopping Centers, Inc. — Strong anchors and a solid portfolio provide stability by Nicholas Hamner The economy has not been kind to anyone involved in the real estate industry, but it has been absolutely brutal to REITs and those involved in development. Banks have heavily limited their loan services and retailers are stopping expansion and closing stores. Cedar Shopping Centers, Inc., however, is showing its strength - just as the self-managed real estate investment trust has done since the early 1980s. The seeds of the company were planted by affiliates of the AEGON Insurance Company during 1984 in Cedar Rapids, IA. The company changed hands in 1998 when, on behalf of foreign investing clients, a management company run by current chairman, chief executive officer and president Leo S. Ullman, acquired control of the company. Following the change in leadership, Cedar moved to its current headquarters in Port Washington, NY. The company’s financial and operations management along with its legal, acquisition and due diligence departments are based in its NY headquarters, while its leasing is based in Washington Township, NJ. Additional leasing offices have subsequently been established in Boston, MA and Camp Hill, PA, the latter of which also contains the company’s construction management, development, maintenance and parts of its asset management departments. In addition to Ullman, the company’s leadership includes Lawrence E. Kreider, Jr., chief financial officer; Thomas B. Richey, vice president of development and construction; Brenda J. Walker, vice president of operations; Nancy H. Mozzachio, vice president of leasing, and Michael Winters, vice president of acquisitions. The company had its initial public offering during 2003 and is currently listed on the New York Stock Exchange. Cedar’s business model is to acquire properties suitable for investment and then work to improve their profitability. The company has focused its attention on grocery- and drug store-anchored centers located throughout the northeastern U.S. Its portfolio presently contains 17 primarily supermarket-anchored centers throughout CT and MA, eight in MD, four in NJ, five in NY, 53 in eastern PA, 13 in VA, primarily throughout the Chesapeake Bay Area, and 27 primarily drug-store anchored properties in OH. All totaled, the company operates 123 properties with a combined GLA of approximately 12.7 million sq.ft., as well as an announced development and redevelopment pipeline of 12 projects.

Crucial to the company’s business model is the improvement of existing properties, through redevelopment, re-branding, re-tenanting and repositioning. Ullman says, “Our most significant project in the past was the de-malling of Camp Hill Shopping Center. The company converted an old, tired 529,500 sq.ft. enclosed mall into an effective 500,000 sq. ft. multi-faceted mixed-use center.” The de-malled and redesigned center, located in Camp Hill, PA, is now anchored by Giant supermarket, Boscov’s, Barnes & Noble and LA Fitness, and includes a diverse tenant mix including Staples, Five Below, Lenscrafters, Pier 1 Imports and Hallmark, a 43,000 sq.ft. medical office building, numerous banks and Panera Bread. The company is currently planning to redevelop Trexlertown Plaza, a 239,494 sq.ft. center located in Trexlertown, PA, by developing a 34-acre parcel adjacent to the center and another center, the 338,692 sq.ft. Trexler Mall. The total project will encompass 100 acres and include such tenants as Kohl’s, Sears, The Bon-Ton department store, Tractor Supply Co. and Giant. The company also has tentative plans to redevelop its Shore Mall property at some point during the next few years. The 620,000 sq.ft. center is situated on 125 acres at the intersection of the Garden State Parkway, Black Horse Pike and Tilton Road in Egg Harbor Township, NJ. As to its development as well as additional redevelopment activities, Ullman notes, “The company has announced a dozen development projects aggregating approximately $300 million, on which it has already spent more than $200 million, including all the equity funding required.” The largest of the announced projects is Upland Square, a 655,000 sq.ft. power center project located in Pottsgrove, PA. Target, which has already purchased its own parcel, will shadow-anchor the center and Best Buy, Bed Bath & Beyond, T.J. Maxx, PetSmart, A.C. Moore, LA Fitness, Staples and Giant will anchor. The first openings for the center are slated for July. A Giant supermarket will also anchor a 135,000 sq.ft. development owned by the company located in Harrisburg, PA that is scheduled for delivery next month. These projects come as Cedar puts the brakes on its acquisitions program. Ullman says, “The company has been extremely careful in preserving the strength of its balance sheet. It has basically stopped its acquisition and development programs for the time being.” He notes that, while the company completed two purchases during the first quarter as part

of a joint venture, no further acquisitions are presently planned. When it was in acquisition mode, the company typically prefers groceryand drug store-anchored properties in stable communities in CT, MA, MD, NJ, NY, PA and VA. Cedar’s reliance on grocery and drug anchors for its portfolio provides an inherent stability for the centers’ cotenants. Its portfolio, in a climate of routine retailer bankruptcies and closings, averages a remarkable occupancy rate of 95% in stabilized centers. The supermarket and drug store tenants have average remaining lease terms of 11 years. Its lease termination schedule is ratably spread over 10 years with average annual lease terminations of only 7% of its tenancies. Ullman notes that the company expects some instability to creep in, saying “while the company expects some slippage and some accommodations to tenant requests under limited circumstances, it believes that it will maintain high occupancy levels and its limited bad debt experience at 1% or so at this time.” As many investment trusts have taken major financial hits during the past 12 months, Ullman notes that Cedar is well positioned for the future. “The company has effectively spread the maturities of its fixed-rate obligations over the next ten years with an average term of 6.5 years and an interest rate of 5.8%.” He also expects the company to continue to work with its network of lending institutions for continued success in the future, stating, “The company has a secured revolving credit facility for stabilized properties due January 1, 2010, for which it expects to negotiate a twoyear extension with a consortium of banks composed principally of banks in its present lending facilities.” With strong roots in the Northeast, Cedar Shopping Centers manages a canopy of properties from New England through the heart of Pennsylvania. Having weathered the downturn and positioned itself for continued success in better times, the company stands ready for whatever the future brings. For more information, contact Leo S. Ullman, Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Port Washington, NY 11050; 516-767-6492. Or Nancy Mozzachio, 415 Egg Harbor Road, Suite 21A, Sewell, NJ 08080; 856-218-8677; Web site: www.cedarshoppingcenters.com.

To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at ann@dealmakers.net. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd. page 6

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Profile — A monthly column featuring retail real estate companies Children of America — A growing company for growing minds by Nicholas Hamner Appealing to a target market is a fickle thing for any business. To achieve success, a business must identify its target market and then properly appeal to that market’s concerns. For a business to appeal to two very different segments of the market is difficult; to appeal to both markets successfully is rare. Children of America has continued to appeal to parents concerned with their child’s safety and development and to the minds of children since its founding in 1998. The company, a subsidiary of World Wide Child Care Corp., currently operates 25 child care centers in Hockessin, DE; Gambrills, MD; Aberdeen, East Brunswick, Oakhurst, Sicklerville and Somerset, NJ; Nyack, NY; Lansdale, New Britain, North Wales, Trappe, Warminster and Warrington, PA, and Bealeton, Fredericksburg, Stafford, Stephens City, Winchester and Woodbridge, VA. The centers provide all-day programs for infants older than six months and toddlers, and after-school programs for children under the age of 12. The company’s founder and current chief executive officer and president, Thad Pryor, has worked to distinguish Children of America facilities from competitors like KinderCare, The Goddard School and Bright Horizon. He says “The centers provide much more than some of Thad Pryor the other options parents CEO and President have, in that they have a set curriculum that provides educational and social development. Children of America is much more than a day care.” Each age group’s curriculum is established with input from Vicki Folds, Ed. D, a published expert in the field of childcare. To appeal to the minds of parents, the real estate department of Children of America is very site selective. The company typically locates in suburban markets and bedroom communities of growing metropolitan areas. Once a market has been identified, the company works with a network of brokers to find all suitable properties in the area. Pryor notes that the company is very careful with where they choose to place a facility. He says, “We don’t like high-tension power lines or bars or any type structure or business that harbors negative connotations. We want parents to be comfortable with the area they bring their children.” He says, “We have found that we do very well with locations near supermarkets and stores like that, and that they see a benefit from

having us near them with the daily traffic in and out of our facilities.” Depending on the site selected, the company operates one of three building types. Children of America operates facilities in endcaps and oneand two-story freestanding sites. Pryor says, “Our perfect site is a 10,000 sq.ft. single-story building with a two-story façade, but we can do anything from 8,500 sq.ft. to 12,000 sq.ft.” Because each site is a build-to-suit, the company works closely with the landlord to ensure that a number of specific requirements are met. Every Children of America facility must have an outdoor play area, though the size may vary depending on local ordinances. He says, “We have tweaked our floor plans to allow us to accommodate the most children possible without diluting the experience or infringing any regulations.” Another mandatory feature is arguably the most important – a fence surrounding the entire facility. “No matter how many safeguards you have in place, there is always a possibility that a child will slip away in a split-second,” he says. “The way our facilities are fenced, all exterior doors dump to the playground. There is no way for a child to wander away from the facility.” As with any company, Children of America’s growth has lead to innovation. Pryor says, “Several years ago, we began wrapping the lower four feet of facility walls with a non-flammable carpet, which further reduced the possibility of injury from bumping into a wall or corner and reduced the amount of repainting we had to do. We quickly implemented that into all our facilities. When we began installing vinyl bathrooms in our newer facilities, we retrofitted our existing properties.” A change or innovation made in one facility is quickly made in all. Children of America is currently expanding and has recently launched a franchising program in CO, DE, GA, IN, MA, NC, NJ, OH, PA and VA. Pryor says, “We look to open five locations this year as a company and an additional five through franchisees.” In addition to introducing the company to new markets, the franchise program is also helping finance the company’s own expansion. “As banks tightened up and credit disappeared,” he says, “we looked for other funding options. Franchising allows the company to expand at its desired rate and the franchise fees can be used to offset the development costs of company-owned sites.” He notes that the goal is to achieve a ratio of 75% company sites and 25% franchise sites. Pryor is also confident that franchising will not dilute the Children of America brand, saying, “We have a high standard and we will keep our thumbs on our franchisees to keep that standard.”

Pryor expects the franchise program to help the company expand throughout the East Coast and, possibly, the Midwest. As the company maintains its own operations and maintenance facilities scattered throughout its territories, it will not authorize one location unless there is potential for no less than five in the region for pragmatic reasons. Franchisees will also be required to follow the same rigorous safety protocols required in the day-to-day operations. Those protocols include intense screening of all adults allowed to drop children off and pick them up; electronic, PINkeyed entry doors and attendance updates with the home office at fifteen-minute intervals. Above all, he expects properly-run franchise locations to be profitable. He says, “Our economic model is such that, at half enrollment, a facility will break even and, at 2/3 enrollment, will be profitable.”

A Children of America facility in Winchester, VA.

Enrollment is something many would expect to drop as families across the country struggle to make ends meet, but the company has not seen a noticeable decrease. “Enrollment is still strong,” Pryor says, “but we have noticed an increase in subsidized students. Where we usually have 5% of enrolled students utilize government subsidies, we have seen that number grow as high as 35% in some locations. We are still profitable, but subsidies do impact our margin.” Still, he does not expect any difficulties in maintaining enrollment and expansion plans. He says, “There are three recession-proof industries: healthcare, elder care and childcare. People will continue to invest in their children, often regardless of the circumstances elsewhere.” Children of America walks a fine line, appealing to the active minds of the children enrolled in its facilities while also appealing to their parents’ concerns of education and safety. With a comprehensive curriculum and aggressive expansion plan, the company is making a serious investment in the futures of children and their surrounding communities. For more information, contact Thad Pryor, Children of America, 5300 West Atlantic Avenue, Suite 700, Delray Beach, FL 33484; 800-821-0561; Web site: www.childrenofamerica.com.

To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at ann@dealmakers.net. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd. page 8

May 22, 2009

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Hamilton Village 416,700 SF Chattanooga, TN Wal-Mart Supercenter, Stein Mart, Dick’s Sporting Goods, Babies ‘R Us and Books-A-Million

Johnson City Crossing 378,533 SF Johnson City, TN Home Depot, Bed Bath & Beyond, PetsMart, Old Navy, Michaels, Ross Dress For Less, Stein Mart and Rugged Wearhouse

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New Construction (continued from page three)

a population of 211,059 within a five-mile radius earning a median household income of $48,498. The average daily traffic count is 46,652 vehicles. The asking monthly rent ranges from $2.50 psf to $3.50 psf with CAM of $0.50 psf. The company is also preleasing Firestone at Paddison Center, a 7,943 sq.ft. center located at the intersection of Firestone Boulevard and Paddison Avenue in Norwalk, CA. Spaces are available. Area demographics include a population of 221,755 within a three-mile radius earning a median household income of $57,729. The average daily traffic count is 55,921 vehicles. The asking monthly rent ranges from $3 psf to $3.50 psf with CAM of $0.50 psf. The company is also preleasing Atlantic Park Plaza, a 15,500 sq.ft. center situated on a land area of 45,960 sq.ft. at the intersection of Atlantic Avenue and Tweedy Boulevard in South Gate, CA. Spaces are available along with pad sites. Fresh & Easy Neighborhood Market shadow-anchors the center and cotenants include Modern Beauty and PLS Check Cashing. Area demographics include a population of 410,181 within a five-mile radius earning a median household income of $43,903. The average daily traffic count is 55,976 vehicles. The asking monthly rent ranges from $3 psf to $4 psf with CAM of $0.50 psf. For more information, contact Armando Aguirre, Metroscape Real Estate, Inc., 606 East 8th Street, Suite 301, Los Angeles, CA 90014; 213-327-0666, Fax 213-327-0608; Email: aaguirre@metroscapere.com. First Development Corp. is preleasing a two-level center located at the intersection of Francis Lewis Boulevard and 45th Drive in Queens, NY. Rite Aid anchors the center and spaces are available. Area retail includes Waldbaums and Astoria Federal Savings Bank. Area demographics include a population of 477,497 within a three mile radius earning an average household income of $71,420. The company is also preleasing a 46,000 sq.ft., four-level building located at the intersection of East 98th Street and Ralph Avenue in Brooklyn, NY. Spaces are available. Area retail includes C-Town, Family Dollar, Payless ShoeSource, Ashley Stewart, RadioShack, Pay Half Stores and Dunkin’ Donuts. Area demographics include a population of 174,587 within a one-mile radius. For more information regarding the Queens property, contact David Gelfond or Bruce Pollack, First Development Corp., 1328 Motor Parkway, Hauppauge, NY 11749; 631-234-3200, Fax 631-234-3695; Emails: dg@fdcrealty.com and bp@fdcrealty.com. For more information regarding the Brooklyn property, contact First Development Corp. page 10

May 22, 2009

The

R.J. Brunelli & Co., Inc. is preleasing an 18,000 sq.ft. mixed-use center located along Route 34 North in Colts Neck, NJ. Cotenants include Bank of America. Area retail includes Wachovia Bank, SunBank, Investors Savings Bank, Perkins, PNC Bank, Delicious Orchards and Pleasant Valley Shops & Daycare. Area demographics include a population of 23,328 within a four-mile radius earning an average household income of $138,821. The company is also developing The Commons at Marlboro, a 75,000 sq.ft. specialty project located at the intersection of Route 9 and Route 520 in Marlboro, NJ. Spaces and a pad site are available. Area retail includes Lowe’s Home Improvement, Starbucks, Subway, Cold Stone Creamery, T-Mobile, Kohl’s, Foodtown, T.J. Maxx, Sears, Bank of America, Annie Sez, McDonald’s, T.G.I. Friday’s, Blockbuster Video, Home Depot, New York Sports Club, Wendy’s, Dunkin’ Donuts and Regal Cinemas. Area demographics include a population of 212,161 within a 10-minute drive time earning an average household income of $113,746. The company is also preleasing a mixed-use center located at the intersection of Route 70 and Yale Road in Toms River, NJ. A divisible 25,000 sq.ft. space is available. Area demographics include a population of 137,185 within a five-mile radius earning an average household income of $67,085. The company is also preleasing Plaza 35 II, a 16,125 sq.ft. center located along Route 35 in Eatontown, NJ. Shop spaces are available. Area retail includes Mr. B’s Golf Center, Hi Tech Stereo, Life Uniform, Riccardi Brothers Paint, Silver Hanger Cleaners, Carpet City, Dunkin’ Donuts and Monmouth Mall, featuring Lord & Taylor, Macy’s, Loews Cineplex, Old Navy, Boscov’s and Thomasville Furniture. Area demographics include a population of 150,610 within a fivemile radius earning an average household income of $104,966. The company is also preleasing a 21,000 sq.ft. building located along Route 22 East in Bridgewater, NJ. Area retail includes Sleepy’s, Sherwin-Williams, Big & Tall, Jennifer Convertibles, Red Tower Restaurant, La Cantina, Wendy’s, KFC, Lone Star Steakhouse & Saloon and Crate & Barrel. Area demographics include a population of 129,082 within a five-mile radius earning an average household income of $111,156. The company is also preleasing Summerhill Square, a 188,600 sq.ft. center located along Route 18 South in East Brunswick, NJ. Spaces are available from 2,000 sq.ft. Toys “R” Us and Babies “R” Us anchor the center. Area retail includes Barnes & Noble, Ethan Allen, The Sports Authority, OfficeMax, T.J. Maxx, Kohl’s, Macy’s, Old Navy, JCPenney, PetSmart, ShopRite, Pathmark, Sears, A.C. Moore, Loehmann’s, Best Buy, Party City, Dick’s Sporting Goods and Lowe’s Home

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Improvement. Area demographics include a population of 750,487 within a 10-mile radius earning an average household income of $92,411. The center is slated to open during the fall. For more information, contact William A. Lenaz, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-721-9241; Email: wlenaz@njretailrealty.com. For additional information regarding Summerhill Square, contact Jerry Wilkis, Welco Realty, Inc.; 914576-7500; Email: jwelkis@welcorealty.com; Web site: www.welcorealty.com. Royal Properties, Inc. is preleasing Airmont Shopping Plaza, a 66,000 sq.ft. shopping center currently under redevelopment located at the intersection of Airmont Road and Route 59 in Airmont, NY. Spaces of 20,000 sq.ft. to 60,000 sq.ft. are available. Area retail includes Wal*Mart, Walgreens, ShopRite, Applebee’s, CVS, Chase Bank and Citibank. Area demographics include a population of 159,504 within a five-mile radius earning an average household income of $108,497.The average daily traffic count is 30,000 vehicles. For more information, contact Scott Meshil or David Landes, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com. Stanbery Development, LLC is preleasing The Shoppes at Cross Keys, a 23.24-acre mixed-use project located at the intersection of Berlin-Cross Keys Road and Atlantic City Expressway in Gloucester Township, NJ. The center features a 120,000 sq.ft. retail component. Spaces are available. Cotenants include Ann Taylor Loft, White House|Black Market, Chico’s, Banana Republic, New York & Co., Coldwater Creek, Lane Bryant, Jos. A. Bank, Bensi Ristorante Italiano, Yankee Candle Co., Justice and Rack Room Shoes. Area retail includes ShopRite, Acme, Wegmans, Target, Lowe’s Home Improvement, Wal*Mart, Staples, Ross Dress for Less, Famous Footwear, Marshalls, Regal Cinemas, Home Depot, Verizon Wireless, Sam’s Club, Starbucks, CVS, Wachovia Bank, Wawa and PNC. The center is slated to open during the spring. For more information, contact Ray Brunt, Kathy Sawin or Charles Cristella, Stanbery Development, LLC, 328 Civic Center Drive, Columbus, OH 43215; 732-223-0257, 610-658-9090 or 856-988-1771, Fax 614437-8101; Emails: rbrunt@stanbery.com, ksawin@stanbery.com and ccristella@stanbery.com; Web site: www.stanbery.com. (continued on page twelve)


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New Construction (continued from page ten)

Taylor Associates, LP is preleasing Taylor Commons, a 244,158 sq.ft. power center located at the intersection of South Main Avenue and Colan Street in Taylor, PA. Wal*Mart Supercenter anchors the center and cotenants include Dollar Tree, Mattress Warehouse, Fashion Bug, Subway and Shoe Show. Shop spaces of 1,400 sq.ft. to 10,000 sq.ft. are available along with 20 acres of outlots. Area demographics include a population of 116,831 within a fivemile radius earning an average household income of $53,181. The center is slated to open during the fall. The company is also preleasing Skyline Commons, a 610,653 sq.ft. power center situated on 88 acres at the intersection of U.S. Highway 31 West/Briley Parkway and U.S. Highway 41/Dickerson Pike in Nashville, TN. Wal*Mart Supercenter and Lowe’s Home Improvement anchor the center. Big box and shop spaces are available along with 13.2 acres of outlots. Tradearea demographics include a population of 217,688 earning an average household income of $53,610. The center is slated to open during the fall. The company is also preleasing Pittston Crossings, a 246,536 sq.ft. power center located at the intersection

of State Route 315 and Interstate 81 in Pittston, PA. Wal*Mart Supercenter anchors the center and cotenants include Shoe Show, Mattress Warehouse and Quiznos. Shop spaces of 1,200 sq.ft. to 7,200 sq.ft. are available along with 3.8 acres of outlots. Area demographics include a population of 64,566 within a five-mile radius earning an average household income of $58,303. The average daily traffic count is 79,326 vehicles. The center is slated to open during the fall. For more information regarding Taylor Commons and Pittston Crossings, contact Cindy Lindrose, Taylor Associates, LP, 300 Market Street, Johnstown, PA 15901; 814-532-6166, Fax 814-536-5505; Email: clindrose@zamias.net; Web site: www.zamias.com. For more information regarding Skyline Commons, contact Ray Sankovich, Zamias Services, Inc., 29195 Bassett Road, West Lake, OH 44145; 440899-6716; Email: rsankovich@zamias.net. Tricon Development is preleasing Shoppes on Delsea, a 40,000 sq.ft. strip center situated on 4.6 acres at the intersection of Landis Avenue and North Delsea Drive in Vineland, NJ. Area retail includes Wal*Mart and Cumberland

Mall. Area demographics include a population of 64,711 within a five-mile radius earning a median household income of $50,330. The average daily traffic count is 30,000 vehicles. The asking rent ranges from $20 psf to $25 psf. The center is slated to break ground during June and open later this year or during the early part of 2010. For more information, contact Steven Weiss, Tricon Development, 1412 Avenue M, PMB 2476, Brooklyn, NY 11230; 718375-8585, Fax 718-375-8744; Email: stevew93@gmail.com. SyWest Development is redeveloping a center located at the intersection of Interstate 680 and Monument Boulevard in Pleasant Hill, CA. Area retail includes Kohl’s and Marshalls. Area demographics include a population of 274,244 within a five-mile radius earning an average household income of $87,570. The average daily traffic count is 285,000 vehicles. For more information, contact Bill Vierra, SyWest Development, 150 Pelican Way, San Rafael, CA 94901; 415-448-8321, Fax 415448-8542; Email: bill_vierra@sywest.com; Web site: www.sywest.com. (continued on page sixty)

VANICK PROPERTIES INCORPORATED

381 Broadway, Westwood, NJ 07675 ~ Tel: 201.666.7710

Nicholas J. Aynilian - President

Mt. Holly / Lumberton, NJ ~ Evergreen Plaza 10,000 SF Pad ~ 5,600 SF - 11,000 SF Stores 60,000 SF Build to Suit Retail or Office Space

Middlesex, NJ ~ Westmarket Center 200,000 SF New Retail & Entertainment Center 36,000 SF New Office Space Middlesex, NJ ~ Lincoln Blvd. Office Space 1,200 SF - 4,000 SF Warehouse 1,300 SF - 8,100 SF

Fax: 201.666.7714

Scranton, PA ~ Greenridge Plaza 57,000 SF (Divisible); 1,500 SF - 7,500 SF Stores 5,000 SF Pad Site Pennsburg, PA ~Pennsburg Square Shopping Center 4,000 SF Store Pittston, PA ~ Pittston Plaza ~ 1.5 Acre Pad on RT 11 2000 SF - 2,500 SF Stores Scranton, PA ~ Luzerne Street Shopping Center 7,300 SF Store

Union City, NJ ~ Store Front 3,000 SF Apartments 2 - 3 Bedrooms Warehouse 17,000 SF ~ Vacant Lot 30’ x 80’

Union, NJ ~ RT 22 ~ Union 22 Town Center 4,000 SF - 9,800 SF Stores - 6,000 SF Pad

Hazleton, PA ~ Hazleton Shopping Center 3,755 SF - 14,000 SF Stores ~ 4,000 SF Pad Site Bethlehem, PA ~ Stefko Blvd. 1,700 SF New Store ~ Good for Cafe

Jersey City, NJ ~ Warehouse 36,000 SF

Reading, PA ~ Downtown 50,000 SF Mix Use Building

Aberdeen, NJ ~ New Office Builidng - 5,600 SF

Selinsgrove, PA ~ RTS 11 & 15 ~ 2,400 SF New Store

info@vanickproperties.com www.vanickproperties.com page 12

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May 22, 2009

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Buyers and Sellers Kotis Properties, Inc is selling Stanley/ Landmark Center, a 25,000 sq.ft. center located along Stanley Road in Greensboro, NC. Area retail includes Wal*Mart Supercenter, Target, Sam’s Club, Costco, Dick’s Sporting Goods, Home Depot, Kmart, Best Buy, O’Charley’s, Applebee’s, Red Lobster, Longhorn Steakhouse, T.G.I. Friday’s, Logan’s Roadhouse, Chick-fil-A and Chipotle. The average daily traffic count is 25,000 vehicles. The asking price is $3.5 million. The company is also selling a 12,000 sq.ft. former K&W Cafeteria situated on 2.5 acres along Big Tree Way in Greensboro, NC. Area retail includes Costco, Staples, Rooms To Go, Lowe’s Home Improvement, Best Buy Ashley Furniture, Wal*Mart Supercenter, Target, Sam’s Club, Panera Bread, Moe’s Southwest Grill, Shane’s Rib Shack, IHOP, Tripp’s, Applebee’s, Fuddruckers, Red Lobster, Olive Garden, Longhorn Steakhouse, Logan’s Roadhouse and O’Charley’s. Area demographics include a population of 134,440 within a five-mile radius earning an average household income of $75,961. The asking price is $2.6 million. The company is also selling two parcels totaling 3.3 acres located along U.S. Highway 17 Bypass in Murrell’s Inlet, SC. Area retail includes CVS, BB&T, JCPenney, Kmart, Belk, Regal Cinemas, Books-A-Million, Hallmark, Stein Mart, Lone Star Steakhouse, Applebee’s, T.G.I. Friday’s, Hooters, Moe’s Southwest Grill, Krystal, K&W Cafeteria, Food Lion and Cracker Barrel. Area demographics include a population of 59,409 within a fivemile radius earning an average household income of $59,136. The average daily traffic count is 42,000 vehicles. The asking price is $575,000 per acre. For more information, contact Kotis Properties, Inc., PO Box 9296, Greensboro, NC 27429-9296; 336-574-2000, Fax 336574-2001; Web site: www.kotis.org. Inland Real Estate Corp. is selling a 6,620 sq.ft. former restaurant site located at the intersection of U.S. Highway 14/Northwest Highway and Pingree Road in Crystal Lake, IL. Area retail includes Amcore Bank, Chipotle, Star Cinemas, Noodles & Co., Menards, The Sports Authority, Hooters, T.G.I Friday’s and Outback Steakhouse. Area demographics include a population of 138,186 within a five-mile radius earning an average household income of $99,122. The average daily traffic count is 28,500 vehicles. For more information, contact Don Gill, Inland Real Estate Corp., 2901 Butterfield Road, Oak Brook, IL 60523; 877-206-5656; Email: gill@inlandrealestate.com; Web site: www.inlandrealestate.com. page 14

May 22, 2009

The

The Silver Group is selling a Payless ShoeSource situated on a land area of 25,000 sq.ft. along Interstate 75 Business Spur in Sault Ste. Marie, MI. The tenant is bound to a five-year NNN lease. The NOI is $55,116. The asking price is $725,000 with a Cap rate of 7.6%. The company is also selling an hhgregg situated on 2.39 acres along Morris Baker Boulevard in North Charleston, SC. The tenant is bound to a 15-year NN lease featuring periodic rent escalations. The NOI is $495,000. The asking price is $5.823 million with a Cap rate of 8.5%. The company is also selling a Tractor Supply Co. situated on four acres along Teays Valley Road in Hurricane, WV. The tenant is bound to a NNN lease with 12 years remaining on the original lease term and featuring periodic rent escalations. The NOI is $242,280. The asking price is $3.328 million. An existing 10year loan of $1.935 million with an interest rate of 5.93% and a 30-year amortization is available for assumption. The company is also selling a 33,100 sq.ft. parcel located along Taylor Street in Houston, TX. The site is occupied by Wells Fargo Bank under a 20year NNN ground lease featuring periodic rent escalations. The NOI is $200,000. The asking price is $3.077 million with a Cap rate of 6.5%. The company is also selling a Firestone Tire situated on a land area of 40,075 sq.ft. along Highway 79 in Hutto, TX. The tenant is bound to a lease with 13 years remaining on the original lease term and featuring four, five-year options. The NOI is $186,502. The asking price is $2.805 million. A 10-year loan in the amount of $1.5 million with an interest rate of 5.84% and a 30-year amortization is available for assumption. The company is also selling a Firestone Tire situated on a land area of 32,234 sq.ft. along Northwest Freeway in Houston, TX. The tenant is bound to a 15-year lease featuring periodic rent escalations. The NOI is $184,635. The asking price is $2.308 million with a Cap rate of 8%. The company is also selling an Arby’s situated on a land area of 38,298 sq.ft. along Northwest Freeway in Houston, TX. The tenant is bound to a 20-year lease with periodic rent escalations. The NOI is $175,000. The asking price is $2.188 million with a Cap rate of 8%. The company is also selling a 42,700 sq.ft. parcel located along Broadway in Pearland, TX. The property is occupied by Advance Auto Parts under a 20-year NNN ground lease featuring periodic rent escalations. The NOI is $90,000. The asking price is $1.5 million with a Cap rate of 6%. For more information, contact Barry Silver, The Silver Group, 750 Lindaro Street, Suite 245, San Rafael, CA 94901; 415-461-0600, Fax 415-461-4940; Email: barry@thesilver-group.com; Web site: www.thesilver-group.com.

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RealtyLink, LLC is selling an Arby’s site located in Rockmart, GA. The tenant is bound to a 20-year NNN lease begun during July 2008 and featuring periodic rent escalations of 8%. Area retail includes Wal*Mart Supercenter. The asking price is $1.738 million with a Cap rate of 8%. The company is also selling an Arby’s site located in Rome, GA. The tenant is bound to a 20-year NNN lease begun during July 2008 and featuring periodic rent escalations of 8%. The asking price is $2.119 million with a Cap rate of 8%. The company is also selling a Hardee’s site located in Meridianville, AL. The tenant is bound to a 20-year NNN lease featuring 10% rent escalations every five years. The average daily traffic count is 27,800 vehicles. The asking price is $1.59 million with a Cap rate of 8%. The company is also selling a Golden Corral site located in Aiken, SC. The tenant is bound to a 15-year NNN lease featuring 6.5% rent escalations every five years. Area retail includes Publix, JCPenney, Belk and Sears. The average daily traffic count is 29,500 vehicles. The asking price is $2.209 million with a Cap rate of 8%. For more information, contact Tyson Glasser, RealtyLink, LLC, 14 South Main Street, 2nd Floor, Greenville, SC 29601; 864-242-4008 Ext. 27, Fax 864-232-0160; Email: tglasser@realtylinkdev.com; Web site: www.realtylinkdev.com. Cavallucci Realty Group is selling a building located along Rural Road between University Drive and Route 60 in Tempe, AZ. Area draws include Arizona State University. The asking price is $550,000. For more information, contact Larry Cavallucci, Cavallucci Realty Group; 602538-1945; Email: lcavallucci@cox.net. ARC Properties, Inc. is looking to acquire development parcels throughout the East Coast, from NJ south to Washington, DC. Suitable properties are between one acre and 200 acres. For more information, contact Robert J. Ambrosi, Marc Perel, Claudia Gibson, Gil Rivera or Joe Morena, ARC Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973249-1000, Fax 973-249-1001. Income Property Advisor is selling a strip center located in northern CA. The asking price is $22.5 million. For more information, contact Norman Neinchel, Income Property Advisor, 190 Rose Court, Suite 3, Campbell, CA 95008; 408-378-4488, Fax 408-378-6488; Email: normanneinchel@comcast.net. (continued on page eighteen)


Retail is all we do. That’s why we’re all you need. It’s time you started to negotiate from a position of strength. • Analyze your retail real estate • Negotiate reduced rents • Terminate leases cost effectively • Renew at favorable lease terms Start by calling us now.

Visit us at rcsrealestate.com or call us at 877 728 3736.


Who’s Opening and Where Limited Brands, Inc. (614-415-7000) plans to open a Victoria’s Secret at Ala Moana Center, located in Honolulu, HI, during October. The 20,000 sq.ft. store, selling women’s lingerie, apparel and fragrances, will occupy spaces formerly tenanted by Gap and The Disney Store, both of whom relocated to new sites in the mall. The store will be the company’s first in HI, and the tenant joins Gap, The Disney Store, Bebe, Old Navy, Guess, Tori Richard and Abercrombie & Fitch Women’s. Churro Station Franchises, LLC (415-9277141), through franchisees, will open Churro Station restaurants in Anaheim, Lakeview Terrace, Oakland and Santa Ana, CA and Las Vegas, NV later this year. The company recently opened restaurants, selling Mexican dessert items including churros, rellenos with cajeta and liquado smoothies, in addition to croissants, tostadas and sandwiches, in Peoria and Phoenix, AZ; Miami, FL and Fort Mill, SC. Easyhome, Ltd. (780-930-3000), through a franchisee, is slated to open 100 locations throughout the Midwest before the end of the year. The company opened two of the rentto-own stores during the first part of April.

Dollar Tree Stores, Inc. (757-321-5000) will open a 14,800 sq.ft. Dollar Tree in a former Mattress Factory site at Indio Fashion Mall, located in Indio, CA, during December. Michaels Stores, Inc. (469-759-5599) expects to open locations nationwide and in Canada this year. The company trades as Michaels, offering arts and crafts supplies along with home décor and seasonal items, at 1,015 locations and as Aaron Brothers, featuring custom frames, framing and art supplies, in 157 locations. Kohl’s Corp. (262-703-7000) is slated to open 46 Kohl’s department stores during the fall. The company recently opened 11 stores throughout Anchorage, AK; AZ; CA; FL; NC; Newton and Ocean, NJ; NY and UT last month and eight stores throughout CO, FL, GA, KS, NH, TX and UT during March. The company currently operates 1,022 units nationwide throughout 49 states. Evans Tire Co. (760-746-0594) is planning to open two Evans Tire Centers this year. The company currently operates 75 of the automotive service centers throughout CA, including 17 in San Diego County.

Bed Bath & Beyond, Inc. (516-507-3410) is slated to open a 27,000 sq.ft. Buybuy Baby location in a former CompUSA site, located along Robert C. Daniel, Jr. Parkway in Augusta, GA, during July. The company currently operates 16 of the specialty stores, selling clothing, strollers, car seats, furniture, toys and developmental products for infants and toddlers, throughout FL, IL, IN, MD, MI, NJ, NY and VA. Northstar Restaurants, Inc (913-341-5060) will open a Jose Pepper’s Border Grill & Cantina Mexican restaurant in a former BG Bolton’s Sports Grill site in Wichita, KS during the summer. The restaurant is located within Plazzio, a center located at the intersection of 13th Street and Greenwich Road. The company currently operates nine of the restaurants throughout KS and MO. Calvin Klein, Inc. (908-685-0500) is slated to open a Calvin Klein Outlet store at Potomac Mills, a 1.6 million sq.ft. outlet mall located in Woodbridge, VA, later this year. The store will feature men’s and women’s designer apparel. The tenant joins Neiman Marcus Last Call. (continued on page thirty)

Choosing the Right Site is Crucial to Your Success Avoid Investing in Locations That Won’t Meet Your Revenue Expectations. It is imperative in today’s economy that you are right about your site location decisions. One bad site choice can cost you millions in lost revenue. Nielsen Claritas provides accurate answers to the following questions: • Where should I open new sites? • Which unproductive sites should I close? • Where are my best opportunities for expansion?

2009 Nielsen Claritas Update Demographics Now Available! Visit www.claritas.com/dealmakers for details or call (877) 707-2385.

Visit us at ICSC’s RECon, booth #5000.

With accurate demographics, robust technology and the largest partner network in the industry, our state-of-the-art solutions transform site location strategies into actionable plans for success. © 2009 The Nielsen Company. All rights reserved.

page 16

May 22, 2009

The

Dealmakers

www.dealmakers.net


Over

6900

locations ...and growing strong. CVS/pharmacy is looking to add to our existing store fleet via strategic growth in quality, convenient locations. Now serving our customers in 41 states and the District of Columbia.

The best locations share these features... • Prototype size is 12,900 sf with Drive-Thru Pharmacy • Minimum 1.5 acres of land to accommodate parking for 60+ cars • Highly visible with pylon sign identity • Easy access, high traffic volume and free standing Please contact us at 401-770-4310 with your site. 08129MIX09

Please visit us at The Vegas ICSC South Hall S326Q Street.

• Real Estate Finance • Property Administration Visit our web site at

• Real Estate • Construction & Engineering to obtain additional information.


Buyers and Sellers (continued from page fourteen)

Calkain Cos., Inc is selling a 2,936 sq.ft. KFC and Taco Bell site located in Canonsburg, PA. The tenant is bound to a NNN lease set to expire during July 2027 featuring two, five-year options and annual rent escalations ranging from 1% to 4%. The NOI is $131,681. The asking price is $1.816 million with a Cap rate of 7.25%. The company is also selling a 2,684 sq.ft. Long John Silver’s site located in Garden City, KS. The tenant is bound to a NNN lease set to expire during May 2028 featuring two, five-year options and annual rent escalations of 1.5%. The NOI is $55,726. The asking price is $768,634 with a Cap rate of 7.25%. The company is also selling a 2,928 sq.ft. Long John Silver’s site located in Hays, KS. The tenant is bound to a NNN lease set to expire during May 2028 featuring two, five-year options and annual rent escalations of 1.5%. The NOI is $67,188. The asking price is $926,731 with a Cap rate of 7.25%. The company is also selling a 2,920 sq.ft. Long John Silver’s and A&W site located in Moore, OK. The tenant is bound to a NNN lease set to expire during July 2028 featuring two, five-year options and annual rent escalations of 1.5%. The NOI is $76,105. The asking price is $1.049 million with a Cap rate of 7.25%. The company is also selling a 2,866 sq.ft. Long John Silver’s and A&W site located in Yukon, OK. The tenant is bound to a NNN lease set to expire during July 2028 featuring two, five-year options and annual rent escalations of 1.5%. The NOI is $109,377. The asking price is $1.508 million with a Cap rate of 7.25%. The company is also selling a 7,388 sq.ft. retail condominium located in Washington, DC. The tenant is bound to a NNN lease set to expire during December 2014 featuring a $1 psf rent escalation during 2013. The NOI is $256,830. The asking price is $3.21 million with a Cap rate of 8%. The company is also selling a 2,110 sq.ft. Papa John’s site located in Wilmington, DE. The tenant is bound to a NN lease set to expire during December 2015 featuring a 5% rent escalation during 2011. The NOI is $62,000. The asking price is $850,000 with a Cap rate of 7.3%. The company is also selling a 21,758 sq.ft. Pep Boys site located in Kissimmee, FL. The tenant is bound to a NNN lease set to expire during September 2023 featuring four, fiveyear options and annual rent escalations of 1.5%. The NOI is $265,012. The asking price is $3.651 million with a Cap rate of 7.26%. The company is also selling a 19,300 sq.ft. Pep Boys site in Buffalo, NY. The tenant is bound to a NNN lease set to expire during September 2023 and featuring four, five-year options and annual rent escalations of 1.5%. The NOI is $195,895. The asking price is page 18

May 22, 2009

The

$2.625 million with a Cap rate of 7.46%. The company is also selling a 20,374 sq.ft. Pep Boys site located in Greece, NY. The tenant is bound to a NNN lease set to expire during September 2023 featuring four, five-year options and annual rent escalations of 1.5%. The NOI is $206,796. The asking price is $2.81 million with a Cap rate of 7.36%. The company is also selling a 17,246 sq.ft. Pep Boys site located in Staten Island, NY. The tenant is bound to a NNN lease set to expire during September 2023 featuring four, fiveyear options and annual rent escalations of 1.5%. The NOI is $437,617. The asking price is $6.03 million with a Cap rate of 7.26%. The company is also selling a 20,615 sq.ft. Pep Boys site located in North Wales, PA. The tenant is bound to a NNN lease set to expire during September 2023 featuring four, five-year options and annual rent escalations of 1.5%. The NOI is $439,409. The asking price is $5.971 million with a Cap rate of 7.36%. The company is also selling a 2,565 sq.ft. Pizza Hut site located in Louisville, KY. The tenant is bound to a NNN lease set to expire during June 2028 featuring two, fiveyear options and annual rent escalations of 2%. The NOI is $71,404. The asking price is $984,883 with a Cap rate of 7.25%. For more information, contact Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 703-787-4714, Fax 703787-4783; Web site: www.calkain.com. Garden Fresh Market is selling a 64,000 sq.ft. former Garden Fresh Market site located at the intersection of Route 14 and Main Street in Crystal Lake, IL. The site is located within Crystal Court Shopping Center, featuring Big Lots, Factory Card & Party Outlet and Jimmy John’s. Area retail includes Buffalo Wild Wings and National City along with future JCPenney and Qdoba locations. Area demographics include a population of 138,905 within a five-mile radius earning an average household income of $99,649. For more information, contact Adi Mor, Garden Fresh Market, 7150 Capitol Drive, Wheeling, IL 60090; 847520-1200, Fax 847-520-1323; Email: adi@gardenfreshmarket.com; Web site: www.gardenfreshmarket.com. TR Advisors, in conjunction with Jones Lang LaSalle, is selling a 26,000 sq.ft. development parcel located at the intersection of North Clifton Avenue and West Montrose Avenue in Chicago, IL. Area retail includes a planned Target. For more information, contact Francis Decoste, TR Advisors, 77 Franklin Street, 9th Floor, Boston, MA 02110; 617-502-1410, Fax 617-482-0210; Email: fdecoste@tradvisors.net; Web site: www.tradvisors.net.

Dealmakers

www.dealmakers.net

Goldschmidt & Associates is selling a 2,400 sq.ft. building located along Smith Avenue in Mount Kisco, NY. The asking price is $685,000. The company is also selling a center located along Birch Street in New Rochelle, NY. The asking price is $6.3 million. The company is also selling an 11,000 sq.ft. two-level building located along Montgomery Street in Scarsdale, NY. The asking price is $2.75 million. The company is also selling a 12,000 sq.ft. building located along East Post Road in White Plains, NY. The asking price is $4.7 million. The company is also selling a 1,525 sq.ft. building situated on a land area of 12,000 sq.ft. along Theodore Fremd Avenue in Rye, NY. The asking price is $975,000. The company is also selling a 5,280 sq.ft. center located along Norm Avenue in Mount Kisco, NY. Tenants include Hertz and Little Gym. Area retail includes Kohl’s. The asking price is $2.85 million. The company is also selling a 2,150 sq.ft. building situated on a land area of 8,920 sq.ft. along Pondfield Road in Bronxville, NY. The asking price is $2.195 million. The company is also selling a 7,000 sq.ft. building situated on a land area of 27,000 sq.ft. along Tarrytown Road in White Plains, NY. The asking price is $2.65 million. The company is also selling a 4,950 sq.ft. building situated on a 1.21-acre parcel located at the intersection of North Colony Road and Route 5 in Wallingford, CT. The asking price is $2.3 million. The company is also selling a 10,000 sq.ft. building situated on one acre along Crompond Road in Yorktown Heights, NY. The asking price is $2.5 million. The company is also selling a 20,700 sq.ft. building located along North MacQuestern Parkway in Mount Vernon, NY. For more information, contact Goldschmidt & Associates, One Chase Road, Scarsdale, NY 10583; 914-723-1616, Fax 914-7237720; Web site: www.ga-re.com. For additional information regarding the Mount Kisco and White Plains properties, contact Eric Goldschmidt; 914-723-1616 Ext. 11. For additional information regarding the Bronxville and Mount Vernon, NY and CT properties, contact David Szabo; 914-7231616 Ext. 20. For additional information regarding the Rye, NY property, contact Gene Pep’e; 914-723-1616 Ext. 14. For additional information regarding the Yorktown Heights, NY property, contact Bill Gerstein; 914-7231616 Ext. 18. Acres Group, LLC is selling a 10-acre parcel located in GA. Area retail includes The Mall of Georgia and Sam’s Club. The asking price is $225,000 per acre. For more information, contact Jeff Green, Acres Group, LLC; 770-339-6877 Ext. 112. (continued on page twenty-two)


Every growing retailer needs a little DRC. DRC owns, develops and operates over 4.7 million square feet of high-quality, vibrant retail shopping centers in ten states. We consistently strive for excellence and peak performance, and have a proven track record in generating traffic and building sales volume.

STOP & SHOP PLAZA | CANAAN,CT New Super Stop & Shop anchored center at the intersection of Route 44 and Route 7 in affluent Litchfield County. Up to 12,000 SF available – including premier endcap and restaurant space.

CROMWELL AVENUE SHOPS | ROCKY HILL, CT New strip center anchored by CBT Bank. Great location on Cromwell Avenue just off Route 160 and I-91 in Hartford County. 11,500 SF office and retail space available with 4,200 SF approved for restaurant. Local area tenants include Starbucks, Big Y Supermarket, and CVS.

CROSS POINTE CENTRE | FAYETTEVILLE, NC Located at the intersection of US 401 Bypass and Morganton Road, Cross Pointe Centre is a 237,167 SF power center anchored by Staples, T.J. Maxx, Bed Bath & Beyond, Shoe Carnival, ULTA and A.C. Moore. Cross Creek Mall is directly across the street. Other major retailers in the immediate area include Lowe’s, Target, Home Depot, Kohl’s and Hobby Lobby. 47,355 SF available in premier endcap space.

CROSS POINTE CENTRE | JACKSONVILLE, NC

Visit us at Booth N62 A Street at RECon in Las Vegas!

196,214 SF power center featuring Marshalls, Books-A-Million, Old Navy, Shoe Carnival, Michaels, Lane Bryant, O'Charley's, Cracker Barrel, and Pet Warehouse. Located on Western Boulevard in Onslow County near the Jacksonville Mall. 2,000 to 27,000 SF available.

SHOPS at OLD YORK | YORK COUNTY, PA New 16-acre retail development site located on Old York Road right off the Pennsylvania Turnpike. 75,000 SF available along with two 1.5-acre pads, adjacent to operating CVS. Will build to suit. The entire site is fully approved and also available for an outright sale.

NEW TOWN SHOPS on MAIN | WILLIAMSBURG, VA 433 South Main Street | West Hartford, CT 06110 T 860.561.0121 F 860.521.4323 developers-realty.com Kelly Voss | kelly@developers-realty.com

Now open! 253,000 SF retail center located on Monticello Avenue in the heart of a 365-acre mixed-use community featuring 1.7 million SF of specialty retail, office, residential and entertainment. Join Barnes & Noble, Old Navy, Panera Bread, Lane Bryant and many more! 1,171 to 10,778 SF retail space available. Two 9,000 SF on-site land parcels available for sale for office/retail .


— Chuck Wells

my mom and pop tenants are asking if they can buy some of our centers — Vijay K. Shah

The Dealmakers wanted to add a little humor to the levity of the current economic crisis, so we tapped our readers to come up with some good one-liners.

even the rainmakers are holding out their cups.

Donald Trump’s next development will be affordable housing. — Jason Pineras

People who didn’t even want to know your name in good times are now calling to make sure they have the correct spelling. — Larry Socia

My McMansion is now worth less than a McNugget.

— Nick H. and Adam T.

lowlife-style centers have replaced lifestyle centers as the hottest development concept. — Larry Socia

oVeR 1,000 retail real estate managers replied to the Maytag Repairman job posting. — Larry Socia


Congress is considering a sale/leaseback on the White House. — Randy Walters

if you want a rent reduction, your call will go to Helen Waite, my rental reduction manager, (go to hell and wait). — Steven Abraham

Viagra

is required for earnest money to go hard. — Randy Walters

My banker called ME up for a loan.

— Trent Rustan

— Trent Rustan

if you owe the bank $100,000 you have a problem; owe them $10,000,000 and the bank has a problem.

I went to Linens ‘N Things to see if I could get a break on the merchandise and I saw my stock broker holding a 40%- to 50%-off sign out by the road. Trouble is — he was pointing to his office.

My contractor actually finished his project on tiMe.

— Trent Rustan

— Trent Rustan

— Timothy eovino

Developers are becoming brokers and now find themselves in the Catch-22 position of having to stiff themselves on commissions on deals they put in their own properties. — Larry Socia


Buyers and Sellers (continued from page eighteen)

Marcus & Millichap Real Estate Investment Services negotiated the sale of an Advance Auto Parts site located along Edwin Miller Boulevard in Martinsburg, WV. The tenant is bound to a lease with 12 years remaining on the original lease term and featuring three, five-year options. Forty Thirty Five, LLC acquired the property for $1.583 million as part of a 1031 transaction. The company represented the buyer and Millco Investments represented the seller in this transaction. The company also negotiated the sale of a 14,850 sq.ft. Walgreens situated on 2.06 acres along Old York Road in Jamison, PA. DG Warwick, LLC acquired the property for $5.85 million from Warwick Building Partnership. The sale price represented a Cap rate of 7.26%. The company represented the buyer and the seller in this transaction. The company also negotiated the $14.87 million sale of Goodnoe’s Corner, a 35,653 sq.ft. mixed-use center located at the intersection of Highway 532 and Highway 332 in Newtown, PA. Tenants include Rite Aid, Firstrust Bank and Green Parrot Inn. The company represented the buyer and the seller in this transaction. The company also negotiated the sale of a 5.24-acre parcel located along Route 70 East/Marlton Pike East in Cherry Hill, NJ. Tenants include freestanding Citibank and Famous Dave’s BBQ sites. Cherry Hill Realty Associates, LLC disposed of the property to a private party, who acquired the property as part of a 1031 transaction, for $6.275 million with a Cap rate of 6.88%. The company represented the seller in this transaction. The company is also selling Pacific Rim Plaza, a 41,247 sq.ft. center located along Stockton Boulevard in Stockton, CA. The center is 89% occupied and all tenants are bound to NNN leases. The NOI is $685,273. The asking price is $8.6 million with a Cap rate of 8%. Financing for the property is available at a five-year fixed rate of 6.75% with a 25-year amortization rate and a loan-to-value ratio of 65%. The company is also selling Applewood Village Shopping Center, a 140,039 sq.ft. center located along East State Street in Fremont, OH. Tenants include Time Warner Cable, World Salon & Gym and Waytec Computers along with dark Wal*Mart and Spartan Foods locations. The asking price is $2.5 million with a Cap rate of 21.52%. For more information regarding the WV, Jamison, PA and NJ sites, contact Spencer Yablon, Marcus & Millichap Real Estate Investment Services, 1628 JFK Boulevard, Suite 1200, Philadelphia, PA 19103; 215531-7000, Fax 215-531-7010; Web site: www.marcusmillichap.com. For more information regarding the Newtown, PA site, contact Jeffrey W. Marquis, Sr., page 22

May 22, 2009

The

Thomas Gorman or Matthew Gorman. For more information regarding the CA site, contact Ellie Lee, Marcus & Millichap Real Estate Investment Services, 3741 Douglas Boulevard, Roseville, CA 95661; 916-218-6558, Fax 916-677-4170; Email: ellie.lee@marcusmillichap.com. For more information regarding the OH property, contact Christopher Thomson, Marcus & Millichap Real Estate Investment Services, 21 East State Street, Suite 2300, Columbus, OH 43215; 614360-9041, Fax 614-635-1441; Email: christopher.thomson@marcusmillichap.com; Web site: www.ohionetlease.com. NAI Avant is selling a 35-acre parcel located at the intersection of Hurricane Creek Road and Interstate 85 in Anderson, SC. Area retail includes Fatz Café, Buffalos, Cracker Barrel, Wendy’s, Subway, Waffle House, Outback Steakhouse, Hooters, Fuddruckers and Hardee’s. The asking price is $2.25 million. The company is also selling a 16.12-acre parcel located at the intersection of Bookman Road and Joseph Walker Drive in Columbia, SC. Area retail includes Wal*Mart, Publix, Kroger, and Target. Area demographics include a population of 72,434 within a five-mile radius earning an average household income of $81,333. The asking price is $1.2 million. The company is also selling a 0.93-acre parcel located along Forest Drive in Columbia, SC. The property is occupied by a 3,000 sq.ft. building under a two-year lease. Area retail includes Wal*Mart, Hobby Lobby, Sam’s Club, Rugged Warehouse, Quiznos, Fatz Café, AT&T Mobility, Subway, McDonald’s, Chick-fil-A, Hardee’s, Panchos, Wendy’s, Sprint, Bojangles and Golden Corral. The average daily traffic count is 27,700 vehicles. The asking price is $900,000. For more information, contact Joe Walker III, NAI Avant, 1901 Main Street, Suite 200, Columbia, SC 29201; 803-744-9842; Email: jwalker@naiavant.com; Web site: www.naiavant.com. For additional information regarding the 16-acre parcel, contact Tom Milliken; 803-744-9837; Email: tmilliken@naiavant.com. KELCO Investments is selling Dollar General and Family Dollar sites located throughout FL, IL, IN and OH. The properties feature NOIs ranging from $56,340 to $104,753. The properties feature asking prices ranging from $662,824 to $1.35 million, each with a Cap rate of 8.5%. For more information, contact Kelly Huang, KELCO Investments, 111 East Chestnut Street, Suite 35G, Chicago, IL 60611; 312-787-8898, Fax 312-787-7869; Email: kelly@kelcoinvestments.com.

Dealmakers

www.dealmakers.net

Primax Properties, LLC is selling a 3.7-acre parcel located along NC Highway 24/27/ Albermarle Road in Charlotte, NC. Area retail includes Bi-Lo, McDonald’s, KFC, Aldi, Wendy’s, AAA, Bank of America, Dunkin’ Donuts, Auto Bell, Bojangles and Walgreens. Area demographics include a population of 204,875 within a five-mile radius earning an average household income of $55,065. The company is also selling a 3.09-acre parcel located in Stallings, NC. Area retail includes Lowes Foods, Old Navy, Costco, Harris Teeter, Target, Big Lots and Wal*Mart. Area demographics include a population of 362,547 within a five-mile radius earning an average household income of $73,253. For more information, contact Cannon Cory, Primax Properties, LLC, 1065 East Morehead Street, Charlotte, NC 282042857; 704-954-7225, Fax 704-344-8288; Email: ccory@primaxproperties.com; Web site: www.primaxproperties.com. Frank Yekaitis Real Estate, LLC is selling Greenview Place, an 18.84-acre development located at the intersection of Greenview Street and Harper Street in Richland, MS. The asking price is $3.244 million. The company is also selling Restoration Square, an 8,100 sq.ft. center situated on 4.2 acres at the intersection of Old Brandon Road and North Bierdeman Road in Pearl, MS. The center is 73% occupied with tenants including La Patrona Mexican Café and Simply Clean. Area demographics include a population of 45,005 within a five-mile radius earning an average household income of $62,314. The average daily traffic count is 11,000 vehicles. The NOI is $54,561. The asking price is $1.95 million with a Cap rate of 5%. For more information, contact Frank Yekaitis, Frank Yekaitis Real Estate, LLC, 100 North Bierdeman Road, Suite D, Pearl, MS 39208; 607-939-7697, Fax 607-935-7228; Email: frankyekaitis@bellsouth.net; Web site: www.jacksoncommercialrealestate.com. Capstone Realty Advisors, on behalf of a client, is looking to acquire NNN singletenant and freestanding locations, malls and outlet, power and strip centers located throughout the Chicago, IL and Milwaukee, WI metropolitan areas. Suitable properties feature value-add potential and are priced between $1 million and $50 million with actual Cap rates above 7%. For more information, contact Travis Ross, Capstone Realty Advisors, 3355 Lenox Road, Suite 800, Atlanta, GA 30326; 404-856-3200, Fax 404-856-3205; Email: travis@capstonera.com; Web site: www.capstonera.com. (continued on page twenty-four)


FOCUS: KANSAS CITY AREA

▼ ▼

Timely Leasing Opportunities For A Changing Retail Market 95th Street & Antioch Road, Overland Park, Kansas

▼ ▼ ▼ ▼ ▼

C HICAGO M E R R I L LV I L L E I NDIANAPOLIS A T L A N TA M INNEAPOLIS K ANSAS C ITY M I LWA U K E E

Come Visit Us At Booth C183 F Street!

63rd Street & Blue Ridge Cut-Off, Kansas City, Missouri

New Walgreen’s building currently under construction

High-volume Price Chopper expansion/remodel complete 11/1/09

New outlot available

Multiple outlots available for drive-thru convenience

2009 Renovation!

2009 Renovation!

Commuter Center

Shawnee Mission Parkway & Quivira Road, Shawnee, Kansas

127th Street & Mur-Len Road, Olathe, Kansas

High-volume Price Chopper anchor

$2 million redevelopment project just completed

Newly added outlots at stoplight entrance

Three-mile median household income – $82,000

Focused on the Fundamentals The economy is shifting, creating new realities within the retail market. Consumers are getting back to basics, shopping value, convenience and everyday essentials. Currently, Tri-Land Properties, Inc. has the right retail for right now to meet the demands of today’s shoppers and provide a strong

Y EARS

retail environment for tomorrow. For 30 years, we’ve focused on the fundamentals – redeveloping destination centers noted for their high-performing grocery, drug and discount anchors and neighborhood convenience shops. Talk to us about these great 2009 leasing opportunities in Kansas City and at our other regional properties.

One Westbrook Corporate Center ▼ Suite 520 ▼ Westchester, IL 60154 ▼ 800-441-7032 ▼ Fax: 708-531-8217 ▼ www.trilandproperties.com


Buyers and Sellers (continued from page twenty-two)

NAI Tampa Bay is selling Brandon Crosstown, a 42 acre mixed-use development site located at the intersection of Interstate 75 and Crosstown Expressway in Brandon, FL. The company is also selling Wesley Chapel, a 16-acre strip center development site located at the intersection of Bruce B. Downs Boulevard and Aronwood Drive in Wesley Chapel, FL. For more information, contact T. Sean Lance, NAI Tampa Bay, 3314 Henderson Boulevard, Suite 106, Tampa, FL 33609; 813-872-7200 Ext. 205; Web site: slance@naitampabay.com.

Spectra Realty Advisors, on behalf of a client, is looking to acquire NNN single-tenant and freestanding properties, malls and outlet, power and strip centers located throughout New England and the Mid-Atlantic along with FL and Atlanta, GA. Suitable properties feature GLAs between 75,000 sq.ft. and 500,000 sq.ft. and are priced between $5 million and $50 million. The company prefers portfolios and properties with valueadd potential. For more information, contact Rick Rostoff, Spectra Realty Advisors, One Carol Way, Suite 201, Salem, MA 01970; 978-741-3338, Fax 978-740-9995; Email: rrostoff@aol.com.

r v St ec iSi re o t et n US ,S — A ou 27 t th 3 ha r ll

Prominent Anchor SPAce AvAilAble in nAPleS, fl

Immediate occupancy available at Granada Shoppes for 20-96,000 sq.ft. anchor space at key Naples intersection on Tamiami Trail with combined traffic count of 100,000 and Average Household Income of over $100,000 in a 3 mile radius. mAjor tenAntS Marshall’s Haverty’s Pier One Imports Walgreen’s PF Chang’s Men’s Wearhouse Borders

courtelis company 703 Waterford Way, Ste 800 Miami, FL 33126 305.261.4330 Fax 305.261.4338 www.courtelis.com page 24

May 22, 2009

locAtion

Southeast corner of Tamiami Trail N. (U.S. 41) and Immokalee Road, 3.5 miles west of the I-75 Interchange.

deScriPtion

Granada Shoppes is a 300,000 sq. ft. community shopping center serving the Naples and Bonita Springs markets. The immediate surrounding sub-market, North Naples, is the fastest growing portion of Collier County. Granada Shoppes is a one-of-a-kind shopping and dining destination in Southwest Florida. demoGrAPhicS

1 mile

3 mile

5 mile

Population 2008

5,843

46,948

101,691

Population - 2013 Proj 6,214

54,296

119,151

Avg HH Income

$105,375

$102,045

$71,682

call rod castan at 305-261-4330 rcastan@courtelis.com The

Dealmakers

www.dealmakers.net

Farwell Real Estate is selling a 28,500 sq.ft. center situated on seven acres at the intersection of Route 47 and Country Club Road in Woodstock, IL. Jewel-Osco shadowanchors the center and tenants include U.S. Cellular, Papa Murphy’s, The UPS Store, Hollywood Video and Hallmark. Area demographics include a population of 33,783 within a five-mile radius earning an average household income of $75,835. The average daily traffic count is 22,000 vehicles. For more information, contact Farwell Real Estate, 2340 South Arlington Heights Road, Suite 202, Arlington Heights, IL 60005; 847-368-1700, Fax 847-368-0512; Email: jfarwell@farwelllaw.com. Hanley Investment Group negotiated the $4.325 million sale of Home Place, an 8,116 sq.ft. shopping center situated on 0.55 acres along East 17th Street in Santa Ana, CA. The center was 100% occupied at the time of sale with tenants including Union Bank, Cantaloop Yogurt, Ritz Nails and Dorazio Learning Center. Area retail includes Orchard Supply Hardware and proposed Buffalo Wild Wings, Chipotle, L&L Hawaiian Barbecue and California Shabu Shabu locations. Oh Family Trust acquired the property from HPSC II, LLC as part of a 1031 transaction. The company represented the seller and Coldwell Banker Best Realty represented the buyer in this transaction. For more information, contact Carlos Lopez, Hanley Investment Group, 2030 Main Street, Suite 1650, Irvine, CA 92614; 949-585-7657, Fax 949-585-7611; Email: clopez@hanleyinvestment.com; Web site: www.hanleyinvestment.com. AEI Fund Management, Inc. acquired a 20,000 sq.ft. Tractor Supply Co. site located on a pad site of the Mall at Barnes Crossing, a 700,000 sq.ft. regional mall located in Tupelo, MS. For more information, contact George Rerat, AEI Fund Management, Inc., 30 East Seventh Street, Suite 1300, St. Paul, MN 55101; 651-227-7333, Fax 651-227-7705; Email: grerat@aeifunds.com; Web site: www.aeifunds.com. CGM Capital, Inc. is looking to acquire NNN single-tenant properties located throughout the Northeast Corridor. Suitable properties feature GLAs above 50,000 sq.ft. and are priced above $5 million. For more information, contact Brian DiSalvo, CGM Capital, Inc., 601 West 57th Street, Suite 37G, New York, NY 10019; 973-789-6001, Fax 212-602-0101; Email: brian@cgmcapital.com. (continued on page forty-six)


Real Estate Joint Venture & Business Capital Available Consultants to Direct Lenders • We help developers complete their projects all over the world. • We analyze projects and provide equity and debt up to 100%. • We supply Comprehensive Financing Evaluations. Products & Services • Takeouts • Bank Guarantee • 1031 Financing • Development Bonds • HUD Financing • Credit Enhancements • Joint Ventures • Debt Loans • Exit Strategies

• Full Evaluation • Bridge Loans /Hard Money Loans including: Condo Deposits Saved - Cash out Property Owners with Long Term Tenants • We are connected with a direct manufacturer for glass and mirrors enabling us to provide discounted prices.

STOP SEARCHING for separate financing for each phase of your project! Karpoff Affiliates, LLC will evaluate each project and create comprehensive financing packages that allow you to complete your projects with funding from direct lenders to achieve your original vision. Our Financing Team is Ready to Assist You Today!

Karpoff Affiliates, LLC Marilyn Karpoff | 212-358-8044 | www.karpoffaffiliates.com | email: karpoffaffiliates@gmail.com


Supermarket Chains Expand Nationwide Grocery Outlet, Inc. trades as Grocery Outlet at 135 locations throughout AZ, CA, ID, NV, OR and WA. The discount supermarkets, also offering general merchandise items, seasonal products, gifts, toys and health and beauty supplies, in addition to beer and wine, occupy spaces of 16,000 sq.ft. to 18,000 sq.ft. in freestanding locations and specialty, strip and value centers. Plans call for 25 openings throughout CA, OR and WA during the coming 18 months. Typical leases run five years. Preferred demographics include a population of 10,000 within three miles earning $50,000 as the average household income. Major competitors include Wal*Mart Supercenter. A land area of two acres is required for freestanding locations. For more information, contact Marc Drasin, Grocery Outlet, Inc., 2000 5th Street, Berkeley, CA 94710-1918; 510-704-2819, Fax 510-649-1484; Email: mdrasin@cfgo.com; Web site: www.groceryoutlets.com. The Fresh Market, Inc. trades as The Fresh Market at 86 locations throughout AL, AR, FL, GA, IL, IN, KY, LA, MD, MS, NC, OH, PA, SC, TN, VA and WI. The supermarkets, featuring meat, seafood, produce, bakery, floral, gift and beer and wine departments, in addition to

offering prepared food items, occupy spaces of 18,000 sq.ft. to 20,000 sq.ft. in freestanding locations and specialty and strip centers. Growth opportunities are sought throughout CT, IA, KS, MA, MO, NE, NJ, NY, OK and TX during the coming 18 months. For more information, contact Jon Stafford, The Fresh Market, Inc., 628 Green Valley Road, Suite 500, Greensboro, NC 27408; 336-272-1338, Fax 336-272-7301; Web site: www.thefreshmarket.com. K.V. Mart Co. trades as Top Valu Markets at six locations throughout CA. The supermarkets occupy spaces of 25,000 sq.ft. to 31,000 sq.ft. in strip centers. Growth opportunities are sought throughout San Diego, CA during the coming 18 months. Typical leases run 20 years. The company also trades as Valu Plus Food Warehouse at 10 locations throughout CA. The supermarkets occupy spaces of 35,000 sq.ft. to 50,000 sq.ft. in power centers. Growth opportunities are sought throughout San Diego, CA during the coming 18 months. Typical leases run 20 years. For more information, contact Marie Lupita Bowers, K.V. Mart Co., 1245 East Watson Center Road, Carson, CA 90745-4207; 310816-0200, Fax 310-816-0201.

Giant Food Stores, LLC trades as Giant and Martin’s at 149 locations throughout MD, PA, VA and WV. The supermarkets occupy spaces of 30,000 sq.ft. to 73,000 sq.ft. in freestanding locations and lifestyle, power and strip centers. Plans call for four to six openings throughout the existing markets during the coming 18 months. Typical leases run 20 years. For more information, contact Bill Shrader, Giant Food Stores, LLC, 1149 Harrisburg Pike, Carlisle, PA 17013; 717-240-7576, Fax 717-240-7595. Associated Wholesalers, Inc. trades as Shurfine and Shursave at 250 locations throughout CT, DE, MD, NJ, NY, PA and VA. The supermarkets occupy spaces of 35,000 sq.ft. to 55,000 sq.ft. in freestanding locations and strip centers. Plans call for 15 openings throughout the existing markets during the coming 18 months. For more information, contact Gordon Halteman, Associated Wholesalers, Inc., PO Box 67, Robesonia, PA 19551; 610693-3161, Fax 610-693-6767; Email: gordon.halteman@awiweb.com; Web site: www.awiweb.com. Meijer, Inc. trades as Meijer at 185 locations throughout IL, IN, KY, MI and OH. The centers, featuring a full grocery department, in addition to offering home dÊcor items, furniture and outdoor products, pet supplies, electronics, music and movies, jewelry and accessories, toys and games, occupy spaces of 193,000 sq.ft. in freestanding locations and power centers. Plans call for eight openings throughout the existing markets during the coming 18 months. A land area of 20 to 25 acres is required for freestanding locations. For more information, contact Mike Kinstle, Meijer, Inc., 2929 Walker Avenue Northwest, Grand Rapids, MI 49544; 616453-6711, Fax 616-735-8887; Web site: www.meijer.com. Hy-Vee, Inc. trades as Hy-Vee Food Stores at 201 locations throughout IA, IL, KS, MN, MO, NE and SD. The supermarkets, offering a florist, bakery, photo center and pharmacy, in addition to home and garden items, occupy spaces of 35,000 sq.ft. to 85,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. For more information, contact Dennis Ausenhus, Hy-Vee, Inc., 5820 Westown Parkway, West Des Moines, IA 50266; 515267-2800, Fax 515-267-2967; Web site: www.hy-vee.com. DM

page 26

May 22, 2009

The

Dealmakers

www.dealmakers.net


™

Our Company owns 123 shopping center properties, of which more than 75% are anchored by supermarkets and/or drugstores with long leases. Our stabilized properties are 95% leased and we have no meaningful exposure to fashion, luxury, big box retailers, full-service department stores or other similar concepts in our portfolio.

™

Please visit our booth: #S299 S Street (corner of 30th Avenue), at the ICSC 2009 RECon in Las Vegas


Automotive Retailers Expand Nationwide MAACO Franchising, Inc. trades as Maaco Collision Repair & Auto Painting at 500 locations nationwide and throughout Canada, Mexico and Puerto Rico. The automotive repair and paint centers occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Plans call for 20 to 30 openings nationwide during the coming 18 months. Typical leases run 15 years. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. The company is franchising. For more information, contact Frank Costello, MAACO Franchising, Inc., 381

Brooks Road, King of Prussia, PA 19406; 610-265-6606, Fax 610-337-6176; Web site: www.maaco.com. Earl Scheib, Inc. trades as Earl Scheib at 87 locations nationwide. The shops, offering automotive paint and body work, occupy spaces of 4,000 sq.ft. to 7,000 sq.ft. in freestanding locations, regional malls and strip centers. Plans call for three openings throughout AZ, CA, NV and TX during the coming 18 months. Typical leases run five years with options. A vanilla shell is required. Preferred cotenants include other automotive retailers. Preferred demographics

E S E H T E K I L S E TIM ! E N O Z O T U A R O CALL F

Growing Strong...Over 4,300 stores, and we open more every week Stores That Are 100% Company Owned And Operated...No franchisees Financially Disciplined...We make the right decisions to protect our shareholders Reliable...Whether purchase money or rent, our funds will be there...on time, every time Rock Solid...AutoZone continues to grow and prosper during these challenging times

+ Stores typically range from 6,500 square feet to 8,000 square feet + Must accommodate between 25 and 40 uncongested, customer-friendly parking spaces + We require up-front, high-impact locations with excellent visibility & access from adjacent streets + Land purchases, ground leases, existing space, and build-to-suit opportunities considered

AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,100 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and over 150 stores in Mexico.

Visit our website at www.autozonerealestate.com for additional information STORE DEVELOPMENT DEPT. | P.O. BOX 2198 | MEMPHIS, TN 38101 | FAX: [901] 495–8969 Š2009 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.

page 28

May 22, 2009

The

Dealmakers

www.dealmakers.net

include a population of 200,000 within five miles. Major competitors include Maaco. A land area of 13,000 sq.ft. to 20,000 sq.ft. is required for freestanding locations. For more information, contact Ty Bolding, Earl Scheib, Inc., 15206 Ventura Boulevard, Suite 200, Sherman Oaks, CA 91403; 818-981-9992, Fax 818-981-8854; Email: tbolding@earlscheib.com; Web site: www.earlscheib.com. Aamco Transmissions, Inc. trades as Aamco Transmissions at 1,100 locations nationwide. The shops, offering transmission repairs and services, occupy spaces of 4,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. Specific improvements are required. Preferred demographics include a population of 50,000 within three miles. The company is franchising. For more information, contact Joe Wolf, Aamco Transmissions, Inc., 201 Gibraltar Road, Suite 150, Horsham, PA 19044; 215643-5885, Fax 215-956-0340; Web site: www.aamco.com. AutoZone, Inc. trades as AutoZone at 4,300 locations nationwide and throughout Mexico and Puerto Rico. The automotive parts and accessories shops occupy spaces of 5,400 sq.ft. to 7,200 sq.ft. in freestanding locations and inline spaces. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information regarding expansion throughout AZ, CA, CO, ID, KS, MT, ND, NE, NM, NV, OH, OK, OR, SD, western TX, UT, WA, WY and Puerto Rico, contact Brad Denzin, AutoZone, Inc., PO Box 2198, Memphis, TN 38101; 901-495-8904, Fax 901-4958969; Email: brad.denzin@autozone.com; Web site: www.autozonerealestate.com. For more information regarding expansion throughout CT, DE, FL, GA, MA, MD, ME, NC, NH, NJ, NY, eastern PA, RI, SC, VT and Washington, DC, contact Chad Horton; 901495-8753; Email: chad.horton@autozone.com. For more information regarding expansion throughout Mexico, contact Hector Gomez Serna, Carretera Nacional KM269-A, Colonia la Estanzuela, 64988 Monterrey, Nuevo Leon, Mexico; 011-5281-8155-7207, Fax 011-52-81-8155-7245; Email: hector.gomez@autozone.com. For more information regarding expansion throughout AL, AR, IA, IL, IN, KY, LA, MI, MN, MO, MS, OH, western PA, TN, eastern TX, WI and WV, contact Kendrick Hickman; 901-495-8921; Email: D M kendrick.hickman@autozone.com.



Who’s Opening and Where (continued from page sixteen)

CVS Caremark Corp. (877-265-7325) broke ground during April on a CVS drugstore situated on two acres at the intersection of Central Avenue and South Sixth Avenue in Billings, MT. The company plans to open the store during September. Urban Outfitters, Inc. (215-454-5500) plans to open 42 locations throughout this fiscal year, including nine Free People stores, one Terrain store and 32 Urban Outfitters and Anthropologie stores. The company currently operates 142 Urban Outfitters stores, featuring apparel, footwear, accessories and apartment wares and gifts, nationwide and internationally; 121 Anthropologie stores, offering sophisticated and contemporary apparel to women ages 30 to 45, nationwide; 30 Free People stores, featuring apparel, accessories and gifts for women ages 25 to 30, and one Terrain garden center, offering home and garden products, antiques and live plants and flowers. Inditex Group (212-355-1415) plans to open 10 Zara locations nationwide this year. The stores offer seasonal fashionable apparel for men and women.

Best Buy Co., Inc. (612-291-1000) plans to open 65 Best Buy locations this year, including 45 stores nationwide and 20 stores internationally. The planned openings count is down from the 136 stores the company opened last year. Target Corp. (612-304-6073) plans to open 60 Target and SuperTarget locations this year, down from the 91 locations the company opened during 2008. The company opened a SuperTarget in Canton, GA and a Target location in Bethlehem, GA during March. Nordstrom, Inc. (206-628-2111) will open a 30,000 sq.ft. Nordstrom Rack location in a former Linens ‘N Things site at Westfield Oakridge, a mall located in San Jose, CA, during the fall. The stores carry namebrand apparel, footwear and accessories at discounted prices, and the opening marks the company’s return to the mall, having closed a full-line Nordstrom location at the site during 1995. The company also plans to open two additional Nordstrom Rack locations in the Silicon Valley; a site in East Palo Alto, CA is scheduled to open later this year and a site in Fremont is scheduled to open during the spring of 2011.

RE AL ES TATE

The Gymboree Corp. (415-278-7000) is slated to open 75 stores this year, including 25 Gymboree stores, 20 Gymboree Outlet stores, five Janie and Jack stores and 25 Crazy 8 stores. The company currently operates 886 stores, selling infant, toddler and children’s clothing and accessories, throughout North America, including 584 Gymboree stores in the U.S. along with 29 in Canada and two in Puerto Rico, 118 Gymboree Outlet stores, 115 Janie and Jack stores and 38 Crazy 8 stores. Hibbett Sports, Inc. (205-942-4292) looks to open 70 Hibbett Sporting Goods stores this year while closing between 20 and 25. The company currently operates 745 units nationwide throughout 24 states, with the majority of stores located within strip centers. The company opened 69 stores last year and closed 12. Yogurtland Franchising, Inc. (714-9397737), through franchisees, is planning to open 90 Yogurtland parlors this year, with as many as seven locations in Orange County, CA including sites in Anaheim Hills, Brea, Irvine and Newport Beach. (continued on page thirty-two)

S O U T H E A S T LLC

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May 22, 2009

The

Dealmakers

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visit ou the Mayr booth at S 3508 3 Recon, 5th Ave

TO LEASE US YOUR SPACE! Now more than ever, let us turn your dark spaces into thriving retail stores. We can fill the void and help you get through the crunch times. Our 700+ stores will fill a lot of vacant spaces and bring traffic to your centers.

For Leasing Information Contact: Frank Pacera: 609-645-5447 Email: RealEstate@SpiritHalloween.com

5,000 to 10,000 sq. ft. spaces needed. No space is too large! Shopping centers, power centers, stand alones and major malls. Visit Us Online at SpiritHalloween.com

For Consignment Info Contact: Ann Sullivan: 609-645-5576 Email: Consignment@SpiritHalloween.com


Who’s Opening and Where (continued from page thirty)

VF Corp. (336-424-6000) expects to open 70 locations nationwide and internationally this year. The boutiques feature the company’s apparel brands, including 7 For All Mankind, 20X, Bulwark FR, Lee, Rustler, Majestic, Nautica, Jansport, Wrangler, Eagle Creek Travel Gear, The North Face, Aura , Riders, Reef, Kipling, Red Kap, john varvatos, Chef Designs, The Force, lucy, Napapijri, Wrangler, Eastpak, Vans and Wrangler Hero. Red Mango, Inc. (310-215-4888), through franchisees, plans to open 40 Red Mango Authentic Frozen Yogurt Shoppes this year. The company recently closed four underperforming locations and plans to enter the Chicago, IL; Boston, MA; New York, NY, and Dallas and San Antonio, TX markets. O’Reilly Automotive, Inc. (417-862-3333) plans to open an O’Reilly Auto Parts on 0.75 acres at the intersection of West Vernon Avenue and Mitchell Street in Kinston, NC during June. The 7,125 sq.ft. auto parts store is larger than the company’s typical 6,800 sq.ft. stores. The company currently operates 3,400 units nationwide.

Healthy Fast Food, Inc. (702-448-5301), through its wholly-owned subsidiary U-Swirl International, Inc., plans to open 10 U-SWIRL Frozen Yogurt locations in the Las Vegas, NV area before the end of the year. The company opened its first store in the area, along North Nellis Boulevard, during March and another during April. The selfservice yogurt parlors allow customers to choose from 16 non-fat flavors of frozen yogurt and 40 toppings and pay by the ounce. The company also plans to open locations, through franchisees, nationwide. Gamer Doc (888-426-5576), through two franchisees, is slated to open a store in Los Angeles, CA and three throughout DE. The company recently opened a video game store in Bear, DE and is franchising nationwide.

Banner Mattress & Furniture Co. (419-8656164) plans to open a 28,000 sq.ft. Banner Mattress location in a former Churchill’s site located in Bowling Green, OH next month. The store will offer a full line of living room, dining room and bedroom furniture along with mattresses. The company currently operates five locations throughout the Toledo, OH metropolitan area.

The Wet Seal, Inc. (949-699-3900) plans to open 20 Wet Seal and Arden B stores this year and close a minimum of 20. During the first quarter of the year, the company opened one Wet Seal site and closed three Arden B sites. The company currently operates 494 units nationwide throughout 47 states, Washington, DC and Puerto Rico, including 409 Wet Seal stores and 85 Arden B stores.

J.C. Penney Co., Inc. (972-431-1000) is slated to open a JCPenney location at Summit Fair, a center located at the intersection of Highway 350 and Colbern Road in Lee’s Summit, MO, during August. The company currently operates 1,093 department stores nationwide. Macy’s, Inc. (513-579-7000) is also slated to open a Macy’s department D M store at the center during August.

Clemson Corner frederick, maryland

Faison | 7920 Norfolk Ave. | Suite 800 | Bethesda, MD 20814 page 32

May 22, 2009

The

Petsmart, Inc. (623-580-6100) plans to open 40 PetSmart locations this year. The company currently operates 1,112 pet supply centers nationwide. The company also plans to open 20 PetsHotels locations, kennels offering overnight boarding and doggy daycare, within PetSmart stores. By year’s end, the company will operate 142 PetsHotels sites nationwide.

Dealmakers

www.dealmakers.net

now leasing

Contact: Erik Ylitalo (240) 497-0524


We Turn Contenders Into Champions. We’ve always had a winning attitude. That’s why Milbrook Properties has been able to amass an impressive portfolio of high-quality retail locations in vibrant markets throughout the East coast. Our strategy combines over seventy-five years of calculated acquisitions, strong management, aggressive leasing – and the ability to go the distance. Our flexible internal structure enables us to move swiftly to support our properties, tenants and the communities we serve. If you want to join a winner, contact us today and discover the competitive edge that results from experience, adaptability and an overwhelming desire to succeed.

RETAIL AVAILABILITIES FLORIDA Coral Springs Court | Coral Springs Stonegate Bank, Huntington Learning Center 629 SF – 2307 SF Flamingo Market Place | Pembroke Pines Bravo, 21st Century Oncology, Bank of America 1200 SF – 4855 SF FMS Corners | Pembroke Pines Quiznos, Hear X, Asian Buffet 1985 SF – 2535 SF Hollywood Palms | Hollywood Publix, Walgreens, Dade Medical College 1140 SF – 4800 SF Shoppes at Margate | Margate Pet Supermarket, Super Food Store 1500 SF – 3400 SF Shoppes at Pembroke | Pembroke Pines Michaels, Weight Watchers 1200 SF – 3840 SF

NEW JERSEY Aviation Marketplace | Linden Target, Home Depot, ShopRite, AMC Theatres 9320 SF Edison Plaza | Edison ShopRite, Party Fair, Capital One Bank 2816 SF – 2867 SF Princeton Meadows | Plainsboro Asian Food Market, Subway, Kumon Learning 1163 SF – 1750 SF Royal Plaza | East Windsor City Streets Café, Citi Financial, Allstate 2000 SF NEW YORK Baldwin Square | Baldwin Best Buy, Applebee’s 800 SF – 4200 SF Bay Shore Commons | Bayshore Stop & Shop, Rite Aid, Blockbuster 1450 SF – 1700 SF Bethpage Commons | Bethpage DMV, Autobarn, Dunkin’ Donuts 3025 SF – 5000 SF

Cherry Valley Plaza | West Hempstead Mandee, Pet Supplies Plus, Payless Shoes 4000 SF Huntington Shoppes | Huntington Station Carvel, Aid Auto 3360 SF – 5000 SF Kenmor Plaza | Seaford Blockbuster, Flynn & O’Hara Uniforms 2013 SF Lake Shore Plaza | Lake Ronkonkoma Waldbaum’s, Radio Shack, Chase Bank 1120 SF – 9614 SF Nanuet Mall South | Nanuet Premier Fitness, Jenny Craig, Quest Diagnostics 1500 SF – 2500 SF Spring Valley Marketplace | Spring Valley Michaels, Bed Bath & Beyond, Christmas Tree Shops 1174 SF – 4400 SF Tali Plaza of Nyack | Nyack Riverspace Arts Theater, Subway, H&R Block 1339 SF – 2289 SF

For more information, please contact: Charles Hirsch chirsch@milbrookproperties.com Tom LiPuma tjlipuma@milbrookproperties.com | Rubin Pikus rpikus@milbrookproperties.com 42 Bayview Avenue | Manhasset, NY 11030 | T 516.869.1240 F 516.869.8576 | www.milbrookproperties.com


Apparel Chains Expand Nationwide (continued from page one)

Retail Op p o r t u n i t i e s

to make your Mark in Bowie Median Household Income over $94,532 Average Household Income over $109,161 Bowie is one of the largest cities in Maryland. Bowie is also an excellent location, easily accessed from Washington D.C., Annapolis and Baltimore. Bowie’s proximity to these major cities brings business and workforce into the area via Routes 3, 50 and 301. Bowie has more than 90 restaurants, 200 shops, and a dozen recreation opportunities. With this winning combination of location, access and amenities your business is certain to grow and succeed.

For space available details call: Bowie Plaza, Brian Greene, 703-442-4300 Collington Plaza, Marcus Bourn, 703-442-4500 x20 Hilltop Plaza, Bruce I. Levine, 410-486-0800 x216 Main Street Market, Sam Pan, 301-657-7352

Pointer Ridge Plaza, Will Collins, 571-382-1290 For more information on ALL of Bowie’s Opportunities, contact:

John Henry King, Economic Development Director, City of Bowie, Maryland 2614 Kenhill Drive, Bowie, MD 20715 301.809.3042 | fax 301.809.2315 | jhking@cityofbowie.org page 34

May 22, 2009

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Dealmakers

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Dots, LLC trades as Dots at 400 locations throughout the Northeast, Midwest, Southeast and Mid-Atlantic regions, as well as in TX. The stores, offering affordable apparel and accessories for women, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for 100 openings throughout the Northeastern, Midwest, Southeastern and Southern regions during the coming 18 months. Typical leases run five years with three, five-year options. A vanilla shell is required. Preferred cotenants include Target, Wal*Mart and grocery stores. Preferred demographics include a population of 90,000 within three miles earning $45,000 to $55,000 as the average household income. For more information, contact John Clark, Dots, LLC, 30801 Carter Street, Solon, OH 44139; 440-349-7744, Fax 440-3497004; Emails: realestate@dots.com and jclark@dots.com; Web site: www.dots.com. National Jean Co. operates 15 locations throughout CT, IN, MA and the surrounding boroughs of New York, NY, in addition to OH and VA. The stores, offering stylish and trendy designer apparel for women, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in lifestyle, power, specialty and strip centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout NJ and NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include lifestyle center retailers. Major competitors include Juicy and True Religion. Preferred demographics include a trade-area population earning an average household income of $100,000. Syms operates 32 locations throughout CT, FL, GA, IL, MA, MD, MI, NJ, NY, PA, RI, TX and VA. The stores, offering off-price, designer and brand-name apparel and footwear for men, women and children, occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations and power, strip and value centers, in addition to urban/downtown areas. Plans call for two openings throughout NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. Typical leases run 15 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include soft goods and big box tenants, as well as apparel retailers. Major competitors include department stores. For more information, contact Marc Durst, Sholom & Zuckerbrot Realty, LLC, Kaufman Astoria Studio, 35-11 35th Avenue, Long Island City, NY 11106; 718-392-5959 Ext.122, Fax 718-937-6546; Email: mdurst@s-z.com; Web sites: www.nationaljeancompany.com, D M www.syms.com and www.s-z.com.


unique

real

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solutions

• Airmont/Suffern, NY – Route 59

Shopping Center redevelopment. 20,000-60,000 SF Avail. Plus 3 Acre parcel Avail for Ground Lease.

• Airmont / Suffern, NY – Route 59 – Colonial Square

35,000 SF Center. 1,500 – 5,600 SF Avail. Join Trustco, Planet Fitness.

• Brooklyn, NY – Nostrand Ave. – between Ave. Y & Z 1,500 – 4,000 SF Avail. High traffic. Across from Pathmark.

• Fishkill, NY – Route 9 – The Shopps at Nine

Pad site opportunity at prime corner of Rte. 9 & Rte. 52.

• Harriman, NY – Rte. 17/6 – Woodbury Centre

Join Kohl’s, Modell’s, Michael’s, Staples & Eileen Fisher. 2,000 – 31,000 SF Avail.

• Hopewell Junction, NY – Route 82/376 – Hopewell Plaza Join CVS & GNC. 3,800 SF & Pad site Avail. Recently renovated.

• Kingston, NY – Washington Ave. at N. Front St. 2,542 SF on 0.53 Acres. Pad Site sublease from Friendly’s.

• Middletown, NY – Dolson Avenue (Route 17M) – Campbell Plaza Join ShopRite, Fashion Bug & Radio Shack. 1,185 – 12,600 SF End Cap Avail.

• Newburgh, NY – Route 300 – Newburgh Towne Center

Join Super Stop & Shop, Marshall’s & Dress Barn. 1,400 SF & 1,700 SF Avail.

• Newburgh, NY - N. Plank Rd. (Rte. 32)-Shop Rite Plaza Join Shop Rite & Bank of America. 1,600 - 8,100 SF Avail.

Retail Specialists throughout New York, New Jersey & Connecticut • Nyack, NY – Route 59

1,600 SF drive-thru & 6,000 SF Build to Suit or Ground Lease Avail.

• Nyack, NY – Main Street

Sublease from Chase Bank – 3,300 SF Avail.

• Pawling, NY – Rte. 22 – Pawling Park

New Shopping Center. 1,750 – 13,000 Avail. Drive-thru possible.

• Peekskill, NY - Route 6 - Main Street Commons New Construction. Join Auto Zone. 1,000 – 15,000 SF Avail.

• Perth Amboy, NJ – Convery Blvd. – Perth Amboy Shopping Center Join Dunkin’ Donuts & Kennedy Fried Chicken. 5,540 SF Avail.

• Poughkeepsie, NY – Route 9 – Ashton Park

New Development on Rte. 9. Great Visibility. 2,400 SF – 18,000 SF & Pad Sites.

• Saugerties, NY – Route 212/32 – Saugerties Plaza

Join CVS, Blockbuster & Subway. 2,200 – 32,400 SF & Pad Site Avail.

• Wappingers Falls, NY – Route 9 – Lafayette Plaza

1,900 – 25,000 SF Avail. 45,000 cars per day. Near Kohl’s & Hannafords.

• Yonkers, NY – Central Ave. – Centfort Plaza

Join GameStop, Vitamin Shoppe & Dunkin’Donuts. 1,700 – 5,000 SF Avail.

• Yonkers, NY – Main Street – New Construction at Waterfront 2,000 – 4,000 SF Avail. Join Key Bank & Verizon FIOS across from Train Station.

wireless

Representing retailers in select regions...

• Branford, CT – W. Main St. – Branhaven Plaza

Join A & P, Kohl’s, GAP, Justice, Payless Shoes, Children’s Place & GameStop. 1,800 – 2,666 SF Avail.

• Derby, CT – Pershing Drive, ShopRite Plaza

Join ShopRite, Angel Tips, Petland & Pay-Half. 2,500 – 12,000 SF Avail.

• Newington, CT - Berlin Tpke. – JoAnn’s Plaza

Join JoAnn’s, Big Lots, Modell’s, TGI Fridays. 1,200-7,500 SF Avail.

• North Haven, CT – Universal Dr. – Home Depot Plaza

Join Home Depot, TJ Maxx, BJ’s, Dunkin’ Donuts, McDonald’s & Verizon Wireless. Up to 8,646 SF Pad Site & 2,500 – 5,000 SF in-line Avail.

• Norwalk, CT – Route 1 – ShopRite Plaza

Join ShopRite, Barnes & Noble, GNC & UPS. 980 – 20,000 SF Avail.

• Orange, CT – Firelite Shopping Center

Undergoing complete renovation. 1,500 SF pad site. 800 – 4,000 SF in-line.

• Stamford, CT – Elm Street

Join Wachovia Bank. Across from Shop Rite. 2,700 SF & 6,750 SF Avail.

• Stamford, CT – Rte. 1 – ShopRite Plaza

Join ShopRite, Dunkin’ Donuts, Blockbuster, Palm Beach Tans, Angel Tips & Subway. 2,000 SF can me made available.

850 Bronx River Road • Bronxville, NY 10708 • (t) 914-237-3403 • (f) 914-237-0196

www.RoyalPropertiesInc.com


Food Retailers Expand Nationwide Beard Papa’s operates 35 locations throughout CA, HI, NJ, NY and WA, as well as 200 international locations. The shops, offering specialty dessert items, occupy spaces of 300 sq.ft. to 1,200 sq.ft. in entertainment, outlet and tourist centers. Growth opportunities are sought throughout FL during the coming 18 months, with representation by Quest Co. Typical leases run 10 to 15 years. The company prefers high-density locations with heavy foot traffic. O’Charley’s operates 230 locations throughout AL, AR, FL, GA, IA, IL, IN, KY, LA, MI, MO, MS, NC, OH, SC, TN, VA, WI and WV. The casual dining restaurants occupy spaces of 6,300 sq.ft. to 8,300 sq.ft.

in freestanding locations and power and tourist centers. Growth opportunities are sought throughout FL during the coming 18 months, with representation by Quest Co. A land area of 1.8 acres is required for freestanding locations. Panera Bread operates 150 locations throughout FL and OH. The restaurants, offering sandwiches, salads, soups and dessert items, occupy spaces of 4,800 sq.ft. to 5,300 sq.ft. in freestanding locations and entertainment, power, specialty and tourist centers. Plans call for eight to 10 openings throughout central FL during the coming 18 months, with representation by Quest Co. Typical leases run 10 years with

Retail Leakage General Merchandise .........$168 million Grocery Stores ...................$147 million Total Retail Leakage ...........$1.12 billion

Greater Killeen Consumer Market - 2007 Trade Area Population ..............226,930

Ç 14th fastest growing MSA in nation Ç MSA ranked 5th strongest economy in Texas Ç 97,000 vehicles per day on Hwy 190

Average Household Income .....................................$54,164 Average Age ...................................28.7 Number of Households .................................77,174

» There are real opportunities for growth in Killeen, Texas »

www.gkcc.com / PO Box 548 / Killeen, TX 76540 / 866.790.4769 / info@gkcc.com

two, five-year options. Specific improvements are required. Preferred cotenants include bigbox retailers. The company prefers locations with outdoor patio space. For more information, contact Don Seligman, Quest Co., 1180 Spring Centre South Boulevard, Suite 102, Altamonte Springs, FL 32714; 407-786-4001, Fax 407786-4004; Email: don@questcompany.com; Web site: www.questcompany.com. Tengda Asian Bistro operates five units in CT and NY. The restaurants occupy spaces of 1,800 sq.ft. to 6,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Plans call for four openings throughout the existing markets during the coming 18 months, with representation by Royal Properties, Inc. Typical leases run 15 years. A vanilla shell and specific improvements are required. For more information, contact Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914237-3403, Fax 914-237-0196; Email: jeff@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. Pizza Guys Franchises, Inc. trades as Pizza Guys at 57 locations throughout CA. The pizzerias occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in strip centers. Plans call for 20 openings throughout CA and western NV during the coming 18 months. Typical leases run five years with five-year options. A vanilla shell or specific improvements are required. Preferred cotenants include grocery stores, Starbucks and Subway. Preferred demographics include a population of 40,000 within six miles. Major competitors include Domino’s Pizza, Pizza Hut and Papa John’s. The company is franchising. For more information, contact Michael Morgan, Pizza Guys Franchises, Inc., 2731 Citrus Road, Suite A, Rancho Cordova, CA 95742; 916-852-2222, Fax 916-852-5555; Email: mike@pizzaguys.com; Web site: www.pizzaguys.com. O & M Restaurant Group trades as Burger King at 10 locations throughout OK. The fast food restaurants occupy spaces of 2,500 sq.ft. in freestanding locations. Plans call for five openings throughout KS, LA, MS, OK and TX during the coming 18 months. Typical leases run 20 years. A vanilla shell is required. A land area of 25,000 sq.ft. is required. For more information, contact David Ostrowe, O & M Restaurant Group, 1000 West Wilshire Boulevard, Suite 203, Oklahoma City, OK 73116; 405-840-4180, Fax 405-842-3004. (continued on page thirty-eight)

page 36

May 22, 2009

The

Dealmakers

www.dealmakers.net


86 CHAMBERS STREET, NEW YORK, NY 10007 P 646-747-2200 WWW.SPANDRELGROUP.COM

THE BIG PICTURE IS MADE UP OF A HUNDRED SMALL DETAILS THE BIG PICTURE IS MADE UP OF A HUNDRED SMALL DETAILS

SG SG

THE SPANDREL GROUP, LLC

THE SPANDREL GROUP, LLC

PROPERTY MANAGEMENT BROKERAGE & MARKETING DEVELOPER RELATED SERVICES PROPERTY MANAGEMENT LABOR MANAGEMENT BROKERAGE & MARKETING DEVELOPER RELATED SERVICES LABOR MANAGEMENT

86 CHAMBERS STREET, NEW YORK, NY 10007 P 646-747-2200 WWW.SPANDRELGROUP.COM

86 CHAMBERS STREET, NEW YORK, NY 10007 P 646-747-2200 WWW.SPANDRELGROUP.COM


Food Retailers Expand Nationwide (continued from page thirty-six)

Fuzziwig’s Candy Factory, Inc. trades as Fuzziwig’s Candy Factory and Sweets From Heaven at 62 locations nationwide and internationally. The shops, offering a variety of candy and specialty toys, occupy spaces of 1,000 sq.ft. in lifestyle and specialty centers. Plans call for 10 openings nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. The company is franchising. For more information, contact Kayo Folsom, Fuzziwig’s Candy Factory, Inc., 656 Main Street, Durango, CO 81301; 970-247-2770, Fax 970-247-2735; Email: info@fuzziwigscandy.com; Web site: www.fuzziwigs.com. Rolling Rice Japanese Restaurant operates five locations throughout CA. The restaurants occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in entertainment, power and specialty centers, as well as urban/ downtown areas. Growth opportunities are sought throughout Brea, Burbank, Cerritos, Costa Mesa, Cypress, Fullerton, Lakewood, Long Beach, Pasadena, Torrance and West Los Angeles, CA, in addition to Los Angeles, Orange and Riverside counties in CA during

the coming 18 months, with representation by Retail Net Lease Properties, Inc. Typical leases run 10 years with two, five-year options. Preferred cotenants include Best Buy, Costco, Home Depot, Lowe’s Home Improvement, Target and Wal*Mart, as well as grocery and drug stores. Preferred demographics include a population of 30,000 within three miles earning $60,000 as the median household income. Major competitors include Niko Niko and San Sai. The company prefers to locate in areas with strong visibility and an average daily traffic count above 20,000 vehicles. For more information, contact Eric Knudson, Retail Net Lease Properties, Inc., 360 North Sepulveda Boulevard, Suite 1020, El Segundo, CA 90245; 310-252-7656, Fax 310-414-0040; Email: eric@rnlp.biz; Web site: www.rnlp.biz. Burger King Corp. trades as Burger King at 11,700 locations nationwide and internationally. The fast food restaurants occupy spaces in freestanding locations, regional malls and entertainment, lifestyle, outlet, power, specialty, strip, tourist and value centers, in addition to urban/downtown areas. Growth opportunities are sought throughout FL during

the coming 18 months. A land area of 30,000 sq.ft. is required for freestanding locations. For more information, contact Alan D. Corwith, Burger King Corp., 1380 North Crooked Lake Drive, Babson Park, FL 33827; 863-638-4900, Fax 863-638-4704; Email: acorwith@whopper.com; Web site: www.burgerking.com. Dixie Lee Food Systems, Ltd. trades as Dixie Lee Chicken and Seafood at 80 locations throughout NY and Canada. The restaurants occupy spaces of 2,000 sq.ft. in freestanding locations, malls and strip centers. Plans call for 10 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 6,000 within three miles earning $30,000 as the average household income. Major competitors include KFC. The company is franchising. For more information, contact David Silvester, Dixie Lee Food Systems, Ltd., 7 Snow Road, Napanee, Ontario, Canada K7R 0A2; 613-354-7999, Fax 613-354-7982; Email: dsilvester@dixieleechicken.com; Web site: www.dixieleechicken.com. (continued on page forty-two)

Designing Success into Every Retail Project

973 884 7400 Visit us at dietzpartnership.com License No. 10815 Visit us at Booth S1-4057 at the RECon Trade Expo!

East Hanover, New Jersey page 38

May 22, 2009

The

Dealmakers

Dallas, Texas

Denver, Colorado

www.dealmakers.net

Chicago, Illinois


?

IS YOUR REAL ESTATE WORKING...

against

Yo u

For

You

At DJM Realty, we help our clients reduce their retail real estate exposure by disposing of under-performing lease and fee-owned real estate and renegotiating occupancy costs. We also put our own capital to work by making strategic retail real estate acquisitions. But we don’t stop there. As seasoned retail real estate executives, we understand the challenges that both retailers and landlords face in today’s market. We use that knowledge to create customized real estate solutions that work for everyone. To date, we’ve disposed of 500 million square feet of retail space, mitigated $4 billion in lease liabilities, and obtained rent concessions on over 6,000 retail locations.

Unlocking the value of your real estate.

Andy Graiser agraiser@djmrealty.com 631.927.0029

Emilio Amendola eamendola@djmrealty.com 631.927.0023

Peter Lynch plynch@djmrealty.com 213.533.1042

w w w. d j m r e a l t y. c o m

Representative 2009 Clients

Michael Jerbich mjerbich@djmrealty.com 312.928.1900


Lease Signings Royal Properties, Inc. (914-237-3403) negotiated leases with Verizon Wireless for 2,200 sq.ft. and with Key Bank for 3,200 sq.ft. at 66 Main Street, a mixed-use center located along Main Street in Yonkers, NY The company represented the landlord and Aries, Deitch & Endelson represented the tenants in the transactions. LaKritz-Weber & Co. (248-353-9494) negotiated the following leases for space at Village Lakes Shopping Center, a 180,000 sq.ft. center located at the intersection of Highland Road and Elizabeth Lakes Road in White Lake, MI: with Marshalls for 28,000 sq.ft.; with Randolph’s Hair Salon for 2,420 sq.ft.; with Wireless Network for 1,700 sq.ft., and with Biggby Coffee for 1,200 sq.ft. The tenants join JCPenney, Kroger, Kmart, Famous Footwear and AAA. Mandel & Simms Real Estate, Inc. (239-5909152), with Re/Max Realty Group, negotiated a lease with Phantom of Ft. Myers, Inc. for an 8,400 sq.ft. Phantom Fireworks at Shoppes at the Forest, located on South Tamiami Trail in Fort Myers, FL. The company represented the landlord, Shoppes at the Forest, LLC, in the transaction.

page 40

May 22, 2009

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Planned Community Developers, Ltd. (281242-2000) signed a lease with Loggia Sports Bar for 5,366 sq.ft. at Sugar Land Town Square, a 32-acre retail project located in Sugar Land, TX. illi Commercial Real Estate (818-501-2212) negotiated a lease with Goodwill Industries for a 14,500 sq.ft. former Rite Aid site located on Roscoe Boulevard in Canoga Park, CA. The company represented the landlord and CB Richard Ellis represented the tenant in the transaction. Goodman Real Estate Services Group, LLC (216-381-8200) negotiated a lease with Jimmy John’s for space at 22 Exchange, a mixed-use project with a 20,000 sq.ft. retail component located in Akron, OH. The company represented the landlord in the transaction. Centro Properties Group (214-618-6523) signed a lease with Goody Goody Liquor for 24,340 sq.ft. at Ridglea Plaza, located at the intersection of Route 377/Camp Bowie Boulevard and Bernie Anderson Avenue in Fort Worth, TX. Patton Interests represented the tenant in the transaction.

Dealmakers

www.dealmakers.net

Renaud Consulting (703-404-2346) negotiated a lease with Belmont Hair Salon for 1,240 sq.ft. at The Village Center at Belmont Greene, a 268,017 sq.ft. center located at the intersection of Piccadilly Plaza and Winkle Drive in Ashburn, VA. The tenant joins Hunan Village, Crystal Brite Cleaners, Zero’s Subs, Tiffany’s, Bloom, CVS and Ledo’s Pizza. The company represented the landlord, The Rappaport Cos., in the transaction. Island Associates (631-982-2100) negotiated a lease with CVS for a 6,300 sq.ft. space expansion on Route 25A/Fort Salonga Road in Northport, NY. The company represented the tenant, who plans to expand from 8,300 sq.ft. to 14,600 sq.ft., and Brody Realty represented the landlord in the transaction. JBG Rosenfeld Retail (301-657-0700) negotiated a lease with United Bank for a 4,000 sq.ft. inline space at Pike Center Shopping Center, a 74,000 sq.ft. community center located on Rockville Pike in Chevy Chase, MD. The tenant is relocating from a smaller space in the center and joins Office Depot, T.G.I. Friday’s, CiCi’s Pizza, M&T Bank and Jared – The Galleria of Jewelry. DM



Food Retailers Expand Nationwide (continued from page thirty-eight)

Hooters of America, Inc. trades as Hooters at 450 locations nationwide and internationally. The restaurants occupy spaces of 5,000 sq.ft. in freestanding locations, power centers and regional malls. Plans call for one to two openings throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 60,000 within three miles earning $65,000 as the average household income. The company is franchising. Golden Corral operates 500 locations nationwide. The family-style buffet restaurants occupy spaces of 12,000 sq.ft. in freestanding locations. Plans call for one to two openings throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. Preferred cotenants include value retailers. Preferred demographics include a population of 150,000 within five miles earning $50,000 as the average household income. Major competitors include Ryan’s and Asian buffet restaurants. A land area of 2.5 to three acres is required. The company is franchising. Jocks & Jills operates four locations throughout GA and NC. The sports grill restaurants occupy spaces of 4,500 sq.ft. in existing restaurant spaces. Plans call for one opening throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. Typical leases run five years with a five-year option. Major competitors include Hooters, Applebee’s and sports bars. Preferred demographics include a population of 150,000 within five miles earning $65,000 as the average household income. The company is franchising. Logan’s Roadhouse operates 168 locations throughout 23 states nationwide. The restaurants, offering steaks, grilled chicken, steak burgers, ribs, seafood and specialty salads, occupy spaces of 7,200 sq.ft. in freestanding locations. Plans call for one opening throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. Typical leases run 10 years with options. A vanilla shell, specific improvements and a turnkey are required. Preferred cotenants include home improvement and discount stores. Preferred demographics include a population of 150,000 within five miles earning $60,000 as the average household income. Major competitors include Longhorn Steakhouse and Texas Roadhouse. A land area of 1.4 to 1.6 acres is required. Jim N’ Nick’s Bar-B-Q operates 27 locations throughout AL, CO, FL, GA, NC, SC and TN. The barbecue restaurants occupy spaces of 6,000 sq.ft. in freestanding locations. Plans call for one to two openings throughout page 42

May 22, 2009

The

the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. Preferred cotenants include Home Depot and Target. Preferred demographics include a population of 50,000 within three miles earning $65,000 as the average household income. Major competitors include Longhorn Steakhouse. For more information, contact Harold Shumacher, The Shumacher Group, 3188 Saybrook Drive, Atlanta, GA 30319; 404-240-0040, Fax 404-266-9271; Email: harold@shumacher.com; Web site: www.shumacher.com. Noodles & Co. operates 214 locations throughout CA, CO, IA, IL, IN, KS, KY, MD, MI, MN, MO, NC, NE, OH, OR, UT, VA and WI. The restaurants, offering Asian, Mediterranean and American noodle dishes, soups and salads, occupy spaces of 2,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout WI during the coming 18 months, with representation by CB Richard Ellis. For more information, contact Sandy Golden, CB Richard Ellis, 777 East Wisconsin Avenue, Milwaukee, WI 53202; 414-274-1639, Fax 414-273-4362; Email: sandy.golden@cbre.com; Web site: www.noodleco.com. Cosimo’s Pizza operates 40 locations throughout CT, MA, MD, ME, NJ, NY, PA, RI and VT. The restaurants occupy spaces of 600 sq.ft. to 800 sq.ft. in mall food courts. Plans call for two openings throughout the East Coast, from PA to VA, during the coming 18 months, with representation by The Bieri Co. Typical leases run 10 years. Major competitors include Sbarro. Zoup! operates 21 locations throughout MI, OH and PA. The fast casual dining restaurants occupy spaces of 2,500 sq.ft. in downtown areas and entertainment, specialty and strip centers. Plans call for two openings throughout Philadelphia, PA during the coming 18 months, with representation by The Bieri Co. Typical leases run five, seven or 10 years. A vanilla shell is required. Preferred cotenants include Kohl’s, Chico’s, Coldwater Creek and Talbots. Preferred demographics include a population of 100,000 within three miles earning $80,000 as the average household income. The company is franchising. For more information regarding Cosimo’s Pizza, contact Jim Bieri, The Bieri Co., 660 Woodward Avenue, Suite 1500, Detroit, MI 48226; 313-962-2800, Fax 313-962-5070; Email: jbieri@biericompany.com; Web site: www.cosimosrestaurantgroup.com. For more information regarding Zoup!, contact Alex Bieri; Email: abieri@biericompany.com.

Dealmakers

(continued on page sixty-eight) www.dealmakers.net

Conceiving and Developing Quality Real Estate for 40 Years

Peninsula Town Center Hampton, Virginia

www.peninsulatowncenter.com

Mall Properties, Inc. 654 Madison Avenue New York, NY 10065 Telephone: 212.935.1330 Fax: 212.832.5369 leasing@mallproperties.com www.mallproperties.com


C U R R E N T

P R O J E C T S

Introducing Peninsula Town Center, Hampton, Virginia

Mall Properties is proud to announce the midsummer 2009 opening of Peninsula Town Center. The modern, energetic mixed-use development features Target, Macy’s and JCPenney, top restaurants, leading specialty shops and office space, as well as upscale residential units set around beautifully landscaped parks.

Mercury Plaza, Hampton, Virginia

Opportunities for anchor and in-line spaces are available now at Mercury Plaza. Located on one of the busiest retail thoroughfares in the Tidewater/Hampton Roads area, the $250 million dollar redevelopment of Peninsula Town Center is expected to attract even more retail growth to Mercury Plaza, adjacent to the area’s only Bass Pro Shop.

Georgia

Akers Mill Square (400,000 sf)—Cobb County, Atlanta Bed Bath & Beyond, Sports Authority, Toys “R” Us, OfficeMax, LA Fitness

Louisiana

The Mall at Cortana (1,650,000 sf)—Baton Rouge Dillard’s, JCPenney, Macy’s, Sears Cortana Square & Fringe (370,000 sf)—Baton Rouge Wal-Mart, Lowe’s, Babies “R”Us, Old Navy, Bed Bath & Beyond, Shoe Carnival, Guitar Center, Office Depot Siegen Lane Marketplace (1,000,000 sf)—Baton Rouge Wal-Mart, Sam’s, Lowe’s, Bed Bath & Beyond, Old Navy, T.J. Maxx, Kohl’s, Chili’s, Chuck E. Cheese’s, Wendy’s, Courtyard by Marriott, Residence Inn Sicily’s Plaza (27,500 sf)—Baton Rouge Sicily’s Italian Buffet, Oreck Vacuum, Honey Baked Hams, GameStop

Montana

West Plaza, Glendive—Kmart

New Jersey

Fashion Center, Paramus—Bed Bath & Beyond, T.J. Maxx

New York

Great South Bay (500,000 sf)—Babylon, Long Island Bed Bath & Beyond, Marshalls, Old Navy, Ann Taylor Loft, Panera Bread, Bath & Body Works, The Children’s Place King Kullen Plaza, Babylon, Long Island—King Kullen, Eckerd Drugs Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie, Victoria’s Secret, J. Crew, Sephora, Bebe, H&M Northway Mall (600,000 sf)—Colonie (Albany) Target, Marshalls, Jo-Ann Etc, Staples, David’s Bridal, BJ’s Wholesale Club, Petco, Dress Barn, Eddie Bauer Outlet Parkchester Retail District—Bronx 650,000 sf. of Retail Shops with Macy’s, Offices and 12,000 Apartments Savoy Shops—Third Avenue, 60th-61st Streets, New York City 65,000 sf. of Retail Shops on 3 Levels, Dylan’s Candy Bar

Pennsylvania

St. David’s Square (217,000 sf)—St. David’s, Philadelphia T.J. Maxx, Bed Bath & Beyond, HomeGoods, Genuardi’s, Micro Center

Virginia

Mercury Plaza (350,000 sf)—Hampton Burlington Coat Factory, Texas Steakhouse & Saloon, Cracker Barrel Old Country Store, Wachovia Bank, GNC, Supercuts Coliseum Square (43,000 sf)—Hampton Lane Bryant

Hotels

Residential

Baton Rouge, LA Columbus, OH (Easton) Courtyard by Marriott, Hilton Columbus, Courtyard by Marriott, Residence Inn by Marriott Residence Inn by Marriott Fairfax, VA Marco Island, FL Marriott Hilton Marco Island

Parkchester, Bronx, NY 12,271 Apartments 650,000 Square Feet of Retail

Visit our booth: C1707, 17th Avenue, RECon, Las Vegas


Sources of Financing Dandrew Capital Partners, LLC provides bridge loans, mezzanine loans, gap equity financing, hard money loans and debt restructuring financing for mixed-use, retail and auto repair properties nationwide. Bridge and mezzanine loans are available in amounts from $1 million, gap equity financing is available in amounts ranging from $500,000 to $2 million, hard money loans are available in amounts from $500,000 and debt restructuring financing is available in amounts from $3 million. Financing is available in interest-only loans with terms ranging from one to three years, interest rates ranging from 11% to 13% and with maximum loan-to-value ratios of 75%, except for auto repair properties, which carry a maximum loanto-value ratio of 65%. For more information, contact Terrymore Miller, Dandrew Capital Partners, LLC, 156 Fifth Avenue, Suite 823, New York, NY 10010; 212-717-8580; Email: terrymore.miller@dandrewpartners.com; Web sites: www.dandrewprivatelending.com and www.dandrewpartners.com. Better Loans & Realty Corp. arranges financing for retail, multi-tenant and mixeduse properties nationwide. The company also provides hard money financing in amounts

ranging from $100,000 to $100 million for commercial properties and entitled land. The maximum loan-to-value ratio for commercial properties is 65% and 50% for entitled land. For more information, contact Joseph Perez, Better Loans & Realty Corp.; 818-553-3829; Email: joseph.perez7185@sbcglobal.net; Web site: www.betterloansandrealty.com. Commercial Financial Consultant provides nonrecourse financing in amounts ranging from $1 million to $500 million for convenience store and single- and multi-tenant retail properties, in addition to land, nationwide. For more information, contact Kevin Ballard, Commercial Financial Consultant; 631-796-3817, Fax 916-675-9872; Email: kevin@commercialfinancialconsultant.com. Ilmarin Financial Services, LLC arranges financing in amounts ranging from $500,000 to $30 million for terms of five, seven and 10 years at interest rates ranging from 5.75% to 7% and at 20-, 25- or 30-year amortizations. For more information, contact Paul E. Guaraldi, Ilmarin Financial Services, LLC; 214-741-6119, Fax 866-311-7546; Email: paulguaraldi@vespargroup.com; Web site: www.ilmarincommercial.com.

BMC Capital provides financing for NNN retail properties nationwide. Loans are available in amounts ranging from $500,000 to $1.5 million for three-, five- and seven-year terms with interest rates ranging from 6.75% to 7.43% at a 30-year amortization. The maximum loan-to-value ratio is 75%. The company provided a $900,000 loan for the acquisition of a Napa Auto Parts location in Houston, TX. The note was provided at a fiveyear fixed rate with a 25-year amortization and a loan-to-value ratio of 68%. For more information, contact Carl Esrey, BMC Capital; 214-526-7178; Email: cesrey@bmccapital.com; Web site: www.bmccapital.com. Robert Jacobs Associates provides bridge financing in amounts ranging from $1 million to $20 million for properties nationwide. Loans are available with one- to five-year terms, interest rates ranging from 10% to 15% and loan-to-value ratios of 65%. For more information, contact Robert J. Jacobs, Robert Jacobs Associates, 6709 LaTijera Boulevard, Suite 532, Los Angeles, CA 90045; 310-649-1835, Fax 310-9193518; Email: jacobs@merger-acquire.com; D M Web site: www.merger-acquire.com.

Serving the New Jersey and New York Retail Marketplace We Pride Ourselves In The Company We Keep*

At Weiss Realty we understand the site selection process, from identifying the “prime� retail site location to zoning analysis, architectural and engineering studies, due diligence reporting and lease negotiations. To learn more about our Retail Real Estate Services, visit us at ICSC Booth C-145 M Street: Jaime M. Weiss, (C) 201/615-0474 jweiss@jweissrealty.com Matthew B. Weiss, (C) 917/309-7861 mweiss@jweissrealty.com Or Visit Us On The Internet at www.JWeissRealty.com *A partial list of Weiss Realty transactions page 44

May 22, 2009

The

Dealmakers

www.dealmakers.net


$2

PA 0,00 EN ID TO 0 BO T, OW S N NE ELLI US R R NG ET Haw River, North Carolina IRI NG The center is approximately 97,000 sq ft and is on 20 + acres. It was a former Winn-Dixie

SHOPPING CENTERS FOR SALE

AG

anchored center. The price includes an outparcel out front on the main 5 lane, a 2.8 acre tract in the middle of the property and about 2-3 acres of expansion area on the side of the building area. The parking lots have been re-surfaced and re-striped. All the front metal awnings have been painted a metallic color and it really looks great! Lots of upside potential here !!! Our Sales Price is $3.9 Million. Appraised at $3.74 Million. It is now 100% LEASED with Annual NOI of approximately $438,000.

Conover, North Carolina The shopping center itself is located on 3.56 acres and the sales price includes an additional +/- 3 acre outparcel. (We are asking $350,000 for that outparcel if sold separately). A bank appraisal dated July of 2008 is $3.15 Million (shopping center only). The bank appraisal does not include the outparcel. We have recently done extensive renovations to the center and sold one of the outparcels to COOK-OUT (a nation fast food hamburger drive-through chain).

Our Sales Price is $2.69 Million for the shopping center AND the outparcel.

North Wilkesboro, North Carolina The Tax Value is about $2 Million and our asking price is only $1.79 Million. It is 100% occupied with 3 National tenants. This price also includes a large outparcel.

Thomasville, North Carolina It is 62,300 sq ft located on 6.3 acres of land in Thomasville, NC. It has recently been remodeled and has lots of UPSIDE POTENTIAL!

Our asking price here is only $1.9 Million!!

Hickory, North Carolina The Hickory shopping center has been completely remodeled, is 39,704 sq. ft. and we are asking $1,790,000.

#1 REAL ESTATE DEALS, LLC

W. Clarke Lindley | Cell: 336-260-4113 | supermansml@aol.com


Buyers and Sellers (continued from page twenty-four)

B.C. Realty is selling a 2,550 sq.ft. center located along San Pablo Avenue in Emeryville, CA. Area retail includes Best Buy, Office Depot, Home Depot and IKEA. The company is also looking to acquire strip centers located within a two-hour drive from the San Francisco Bay Area of CA. Suitable centers have GLAs ranging from 10,000 sq.ft. to 20,000 sq.ft., high vacancy rates, value-add potential and are priced below $2 million. For more information, contact Bonnie Chui, B.C. Realty, 528 East 18th Street, Oakland, CA 94606; 510-835-8888, Fax 510-835-8014; Email: bcleader@comcast.net.

Metroscape Real Estate, Inc. is selling Imperial at Hoover Plaza, an 11,968 sq.ft. center located at the intersection of Imperial Highway and Hoover Avenue in Los Angeles, CA. The center is anchored by Subway and cotenants include RPM Lenders, Mother’s Nutritional Center, MetroPCS and Watts Health. The NOI is $401,532. The asking price is $5.95 million with a Cap rate of 6.75%. For more information, contact Armando Aguirre, Metroscape Real Estate, Inc., 606 East 8th Street, Suite 301, Los Angeles, CA 90014; 213-327-0666, Fax 213-327-0608; Email: aaguirre@metroscapere.com.

The best of both worlds! Urstadt Biddle Properties Inc. is the dominant grocery-anchored shopping center owner in the Westchester/Fairfield County markets. We currently have big box availabilities in:

NEW YORK

CONNECTICUT

THE DOCK SHOPPING CENTER Stratford

THE SHOPPES @ EASTCHESTER Scarsdale

16,000 SF Available

12,703 SF Anchor Space Available

269,000 SF Total GLA

70,000 SF Total GLA

Located near the new BJ’s Wholesale Club. Join Petco and Staples.

Food Emporium anchored center. High visibility on White Plains Road (Route 22).

UBP owns 43 properties containing over 3.8 million square feet. For leasing information, contact Linda Lacey x202. For acquisition information, contact Jim Aries x224.

321 Railroad Avenue • Greenwich, CT 06830 203-863-8200 • Fax: 203-861-6755 • www.ubproperties.com

UBA UBP

Listed

Visit us at C-160 L Street at RECon 2009!

Piedmont Properties|Corfac International is selling an 8.273-acre parcel located at the intersection of Wilkinson Boulevard and Donald Ross Road in Charlotte, NC. Area retail includes CVS, Burger King and Wal*Mart. The site is divisible down to 1.5-acre parcels. Area demographics include a population of 150,458 within a fivemile radius earning an average household income of $70,347. The average daily traffic count is 40,000 vehicles. The asking price is $1.6 million. For more information, contact Steve Gentry or Jim Plyler, Piedmont Properties|Corfac International, 115 East Park Avenue, Suite B, Charlotte, NC 28203; 704-375-1159, Fax 704-332-1193; Emails: sg@piedmontproperties.com and jplyler@piedmontproperties.com; Web site: www.piedmontproperties.com. The Woodmont Co. is selling Palestine Mall, a 209,197 sq.ft. semi-enclosed regional mall located at the intersection of South Loop 256 and State Highway 287 in Palestine, TX. Tenants include JCPenney, Aaron’s Rents, Burkes Outlet, Blue Cross/Blue Shield and the Department of Veterans Affairs. Tradearea demographics include a population of 77,000 earning an average household income of $46,000. For more information, contact Brad Cruickshank, The Woodmont Co., 2100 West 7th Street, Fort Worth, TX 76107; 817-891-2344, Fax 817-735-4738; Email: bradcruickshank@charter.net; Web site: www.woodmont.com. Edgemark Commercial Real Estate Services, LLC is selling a 21,000 sq.ft. parcel located at the intersection of IL Route 59 and West Stearns Road in Bartlett, IL. Area retail includes Dollar General, Wendy’s, Home Depot, KFC, Taco Bell, Starbucks, Dominick’s, Chase Bank, Walgreens, Subway, Blockbuster Video and McDonald’s. Area demographics include a population of 188,907 within a five-mile radius earning an average household income of $86,729. For more information, contact Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-472-1010, Fax 630-472-1019; Web site: www.edgemarkllc.com. Boardroom Traders is selling a 43,000 sq.ft. center located in San Antonio, TX. The center is currently 15% occupied. The asking price is $6.5 million. For more information, contact Dann Rogers, Boardroom Traders; 530-228-9174; Email: dann@boardroomtraders.com. (continued on page fifty)

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Dealmakers

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The Next Move Could Be Yours. Bricktown, NJ Centereach, NY East Meadow, NY Farmingdale, NY Middle Island, NY Setauket, NY

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Visit Us at Our New Booth S236 Q Street at RECon 2009! Robert Delavale | Director of Leasing | 516-741-7400 x230 | rdelavale@breslinrealty.com 500 Old Country Road, Suite 200 | Garden City, NY 11530 | Fax 516-741-5621 www.breslinrealty.com

Levittown, NY


Exclusives and Leasing Assignments KLNB Retail (410-321-4905) represents the following retailers with their expansion plans throughout the MidAtlantic region: 24-Hour Fitness; A.C. Moore; Advance Auto Parts; A.J. Wright; AMC Theatres; AMF; Applebee’s; Arby’s; Ashley Furniture; The Athletes Foot; AT&T Mobility; Babies “R” Us; Bank of America; Barnes & Noble; Best Buy; Blue Ridge Mountain Sports; Borders; Bray & Scarff; Brooklyn Bros. Pizzeria; Buffalo Wild Wings; Buffalo Wing Factory & Pub; Cacao; California Tortilla; Cantina Cove; CarMax; Cedar Ridge Grille; Checkers; Chick-fil-A; Coastal Flats; Cosi; Cricket; Dick’s Sporting Goods; Domino’s Pizza; DSW; Einstein Bros. Bagels; Famous Dave’s; Famous Footwear; FedEx Office; Fidelity Investments; Filene’s Basement; Firehouse Subs; Firestone; Five Below; GameStop; Giffords; GNC; Golden Corral; Great American Restaurants; Hank’s Oyster Bar; Harris Teeter; Havertys; Heritage India; Home Depot, throughout the Baltimore, MD and Washington, D.C. metropolitan areas; HomeGoods; Jackson’s; Jo-Ann Fabrics; Johnny Rockets; Johnston & Murphy; Juice Joint; K&G Fashion Superstore; Kincaid and Kohl’s.

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ATS Realty (781-672-0200) represents the following retailers with their expansion plans: Boloco, throughout New England, seeking spaces of 1,500 sq.ft. to 2,000 sq.ft. in endcap spaces and downtown areas; Daddy’s Junky Music, throughout New England, seeking spaces of 5,000 sq.ft. in strip centers; Dollar General, throughout NH and VT, utilizing sites of 9,000 sq.ft.; Game Crazy, throughout CT, MA, NJ, NY, PA and RI, seeking sites of 1,000 sq.ft. to 2,000 sq.ft. in endcap and inline spaces as well as freestanding buildings; Morton’s The Steakhouse, throughout New England, seeking spaces of 8,000 sq.ft.; Ninety Nine Restaurant & Pub, throughout NH and VT, seeking parcels above 1.5 acres as well as endcap spaces; Olympia Sports, throughout New England and upstate NY, utilizing sites of 4,000 sq.ft. in strip centers; Pet Quarters, throughout ME and NH, seeking sites of 5,000 sq.ft. to 8,000 sq.ft. in strip centers; Pro Nails, throughout the greater Boston, MA area, seeking sites of 1,000 sq.ft. to 2,000 sq.ft. in inlines and endcaps, malls and freestanding locations; The TJX Cos., Inc., throughout RI, utilizing spaces of 25,000 sq.ft. to 35,000 sq.ft.; The UPS Store, throughout CT, NH, NY and VT, seeking spaces of 1,000 sq.ft. to 2,000 sq.ft.; Urban Active Fitness Clubs, throughout New England, seeking sites of 40,000 sq.ft. to 60,000 sq.ft., and ZComm

Dealmakers

www.dealmakers.net

Wireless, throughout CT, eastern and southeastern MA and RI, seeking spaces of 1,000 sq.ft. to 2,000 sq.ft. in endcap and inline spaces, malls and freestanding locations. Strategic Retail Advisors (508-405-1918) represents the following retailers with their expansion plans nationwide: Swarovski; 344; Quicksilver; Fossil; Aldo; The Body Shop; Crabtree & Evelyn; Barbour; Cross; Lindt and Green Tangerine Spa & Salon. The company also represents the following retailers with their expansion plans throughout New England and the southeastern U.S.: JCPenney; Borders; PetSmart; The Sports Authority; Michaels; Value Place; West Elm; Home Depot; Dollar Tree; Bob’s Discount Furniture; West Marine; Men’s Wearhouse; OfficeMax; Regal Cinemas; Pier 1 Imports; K&G Fashion Superstore; Starbucks; Moe’s Southwest Grill; Jamba Juice; Cosi; Applebee’s; Gap; Chico’s; Talbots; White House|Black Market; Jos. A. Bank; Sephora; Equinox Fitness; Pottery Barn; Banana Republic; Williams-Sonoma; Payless ShoeSource; Justice; Victoria’s Secret; Bath & Body Works; Cartridge World; Jones New York; Carter’s; New York & Co.; Van Heusen; Ugg; PacSun; Osh Kosh B’Gosh; Apple; Small Dog Electronics; Bass; Journeys and The UPS Store. DM


A national WOMEN’S specialty retailer. A national WOMEN’S specialty retailer. A national WOMEN’S specialty retailer.

The company The company The company operates operates moreoperates than more thanthan 400 more stores stores 400 stores in 26400 states. 26 states. in 26instates.

Dots three year growth plan includes opening an additional 150 stores. Dotsgrowth three year plan includes Dots three year plangrowth includes Site Criteria opening an150 additional 150 stores. opening ancenters, additional stores. * Power regional and community shopping centers with national deepCriteria discount anchors, dominant supermarket or discount Site Sitetenants, Criteria apparel anchors * Power centers, and community shopping with national * Power centers, regional andregional community shopping centers withcenters national tenants, deep discount anchors, dominant supermarket or discount tenants, deep discount anchors, dominant supermarket or discount * Targeting 4,000 to 5,000 square feet with a minimum 40 foot storefront apparel anchors apparel anchors

Demographic Profile

Targeting 4,000 to 5,000 feet with a40 minimum 40 foot storefront * Targeting *4,000 to 5,000 square feet square with a minimum foot storefront * Metropolitan, urban and suburban markets

Profile Demographic * Typical Demographic trade Profile area population of at least 75,000

* Metropolitan, urban andmarkets suburban markets * Metropolitan, urban and suburban * Median household income of $45,000 to $65,000 * Typical trade area population of at least 75,000 * Typical trade area population of at least 75,000 **Median household income of * Median household of $45,000 to $45,000 $65,000 to $65,000 Moreincome than 400 stores!

Real

* 26 states! 400 stores! than 400than stores! * More ** More 40+ new stores per year! states! states! * 26 ** 26 Growing to 1,000+ stores! new stores perstores year! per year! * 40+ * 40+ new 1,000+ stores! to 1,000+tostores! * Growing * Growing Estate Contacts

Kyle Koenig

440-349-7040

kkoenig@dots.com

Real Estate ManagerEstate Real Contacts Real Estate Contacts

440-349-7040 kkoenig@dots.com JohnKoenig Clark Kyle Koenig 440-349-7744 jclark@dots.com Kyle 440-349-7040 kkoenig@dots.com Real Estate Manager Director of Store Development Real Estate Manager

www.dots.com

440-349-7744 jclark@dots.com John Clark John Clark 440-349-7744 jclark@dots.com Director of Store Development Director of Store Development

www.dots.com www.dots.com


Buyers and Sellers Willis Ventures is selling a 5,000 sq.ft. Buffalo Wild Wings situated on 1.344 acres along South Main Street in Keller, TX. The tenant is bound to a 15-year NNN lease with 10 years remaining on the original lease term featuring four, five-year options and annual rent escalations of 1%. Area demographics include a population of 232,923 within a five-mile radius. The NOI is $186,091. The asking price is $2.255 million with a Cap rate of 8.25%. For more information, contact Conor Musgrave, Willis Ventures, 700 Larkspur Landing Circle, Suite 200, Larkspur, CA 94939; 415-526-4832, Fax 415-464-3255; Email: cmusgrave@willisventures.com; Web site: www.willisventures.com.

Newmark Knight Frank is selling outlots at Kenosha Town Center, a 105-acre development located at the intersection of Interstate 94 and Route 50 in Kenosha, WI. Area retail includes Woodman’s Grocery, Best Buy, Noodles & Co., Ashley Furniture, Steinhafels Furniture, Gander Mountain, Texas Roadhouse and Starbucks. For more information, contact James Schutter, Luke Sementa or Jason Jarchow, Newmark Knight Frank, 1 East Wacker Drive, Suite 3500, Chicago, IL 60601; 312-386-3150/3103/ 3140; Emails: jschutter@newmarkkf.com, lsementa@newmarkkf.com and jjarchow@newmarkkf.com; Web site: www.newmarkkf.com/retail.

Y&S Equity Group is looking to acquire NNN single-tenant freestanding locations and strip centers located throughout FL and NY. Suitable properties are priced below $25 million with Cap rates above 8.5%. For more information, contact Yeshaya Averbuch, Y&S Equity Group, 4900 Sarazen Drive, Hollywood, FL 33021; 954-987-3380, Fax 954-333-3517; Email: yeshaya@ysequitygroup.com.

The Waterford Realty Co. is selling a 14-acre parcel located at the intersection of North Ridge East and Cook Road in Ashtabula, OH. The property is shadow-anchored by Wal*Mart Supercenter. Area retail includes Home Depot. The asking price is $2.8 million. For more information, contact Julie Harchalk, The Waterford Realty Co., 3023 Center Road, Ashtabula, OH 44004; 440969-1221; Email: julieharchalk@msn.com.

(continued from page forty-six)

Retail Right Here Right Now

www.rivcoeda.org

Vist us at ICSC Las Vegas Booth # N0040 Melrose Ave. page 50

May 22, 2009

The

Dealmakers

www.dealmakers.net

Provision Real Estate is looking to acquire distressed retail properties along with redevelopment opportunities nationwide. The company is also looking to partner with developers in need of a joint venture. The company is also looking to acquire grocery stores sites and portfolios of small boxes. Suitable properties have tenants bound to leases featuring rent escalations. For more information, contact Jeffrey Byers, Provision Real Estate; 706-781-2921; Email: djeffb@brmemc.net. Reliable Partners is looking to acquire older retail and mixeduse centers, and parcels under ground lease nationwide. Suitable properties feature low occupancy rates or the potential for repositioning, rehabilitation or redevelopment. Portfolios will be considered. For more information, contact Reliable Properties, 6399 Wilshire Boulevard, Suite 604, Los Angeles, CA 90048-5709; 323-653-3777, Fax 323-651-4011; Web site: www.reliableproperties.com. (continued on page fifty-six)




RD



Real Estate Professionals Making the News National Stores, Inc. (310-984-3800) hired Bruce Hackel as director of real estate. Hackel will be responsible for managing acquisitions, relocations and excess real estate for the company, which operates apparel stores including Fallas Paredes and Factory 2-U and is based in Gardena, CA. Prior to joining the company, Hackel served as director of real estate for Burlington Coat Factory Warehouse Corp. The Goldstein Group (201-703-9700) hired John Luongo and Jason Gendel. They will specialize in the sale of big-box properties and land development projects. Prior to joining the company, Luongo served at Cushman & Wakefield and Grubb & Ellis, and Gendel served as president and director of sales for a NJ-based jewelry and manufacturing company. The company currently represents over eight million sq.ft. of retail properties and over 50 national and regional retailers. GVA Advantis (202-204-7000) promoted Tim Hague to president. He will be responsible for directing geographic expansion and recruiting efforts for the company, and will continue to oversee the company’s Corporate Services Group, where he served as executive director prior to the promotion. Before joining the company, Hague served as senior vice president and regional manager of the Equis Corp.’s Washington, DC office. The company is a full-service real estate firm specializing in commercial brokerage services, corporate real estate consultation, construction, development management, and property and facilities management. The company manages more than 14 million sq.ft. of commercial facilities and had an annual transaction volume of approximately $1 billion last year. The firm has more than 340 employees in 16 regional offices throughout the Southeast. DLC Management Corp. (914-304-5638) named Kara Scimeca director of marketing. Fimiani Development (561-395-8882) hired Ryan Smith and Meredith Eidelman as leasing associates. They will be part of the leasing team working on the Isram Realty Holdings portfolio. Smith will be responsible for leasing centers in the portfolio on the east FL coast, and Eidelman will be responsible for leasing properties on the west FL coast. Prior to joining the company, Smith served as property manager for CryeLeike Coastal Realty in Destin, FL, and Eidelman leased properties for Victory Real Estate Investments, The Dovetail Cos. and D M Woolbright Development. www.dealmakers.net

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Dealmakers

May 22, 2009

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Buyers and Sellers (continued from page fifty)

Isram Realty Holdings acquired Western Way, a 142,968 sq.ft. center located at the intersection of Cortez Boulevard and Mariner Boulevard in Brooksville, FL. The center was 90% occupied at the time of acquisition, with tenants including Beall’s Outlet, Savea-Lot, Dollar General, Beacon Theatres and Carrabba’s Italian Grill. The company acquired the center from WR Dallas, LP for $11.5 million. For more information, contact Isram Realty Holdings, 500 South Dixie Highway, Hallandale, FL 33009; Web site: www.isramrealty.com.

Smith Attaway Co., LLC, is selling a 15,120 sq.ft. Walgreens site located in Atlanta, GA. The tenant is bound to a lease with 12 years remaining on the original lease term. Trade-area demographics include a population earning a median household income of $100,000. For more information, contact Andrew Ackerman or Sean Molloy, Smith Attaway Co., LLC, 3455 Peachtree Road Northeast, The Pinnacle Building, Suite 500, Atlanta, GA 30326; 404-995-6700, Fax 678-669-2412; Emails: andrew.ackerman@smithattaway.com and sean.molloy@smithattaway.com; Web site: www.smithattaway.com.

Battery Commercial Corp. is selling a 31,268 sq.ft. Best Buy situated on 2.52 acres at the intersection of Long Tree Way and Empire Avenue in Brentwood, CA. The tenant is bound to a NNN lease set to expire during January 2018 featuring three, five-year options and 10% rent escalations every five years. Area retail includes WinCo Foods, Walgreens, MeLo’s Pizza & Pasta and First Bank. Area demographics include a population of 150,783 within a five-mile radius earning an average household income of $107,437. The NOI is $672,265. The asking price is $10.316 million. A fixed-rate 15-year note with 30-year amortization is available for assumption. For more information, contact Paul Souza, Eric Wilcox, Art Griffith or John Giordani, Battery Commercial Corp., 500 Washington Street, Suite 475, San Francisco, CA 94111; 415-963-4705/4701/4712/4714; Emails: psouza@batterycommercial.com, ewilcox@batterycommercial.com, agriffith@batterycommercial.com and jgiordani@batterycommercial.com. New England Retail Properties, Inc. negotiated the sale of Goff Brook Shoppes, a 71,493 sq.ft. center located along Silas Deane Highway in Wethersfield, CT. Tenants at the time of sale included Office Depot, Hometown Buffet, SuperCuts, HFC, Catherines and Ace Beauty Supply. Centro Properties disposed of the property for $6.8 million to Goff Brook Real Estate, LLC. The company represented the buyer and Sperry Van Ness represented the seller. For more information, contact Matt Halprin, New England Retail Properties, Inc., 150 Hartford Avenue, Wethersfield, CT 06109; 860-529-9000, Fax 860-563-9667; Email: halprinm@newenglandretail.com; Web site: www.newenglandretail.com. Hawthorne Retail Partners is looking to acquire neighborhood, community and regional centers located throughout major metropolitan areas of the Southeast. Suitable properties have GLAs above 40,000 sq.ft. and value-add potential and are priced between $2 million and $100 million. The company will consider individual properties and portfolios. For more information, contact Shoffner Allison or Gates Hinds, Hawthorne Retail Partners, 200 Providence Road, Suite 105, Charlotte, NC 28207; 704-3337430/1514, Fax 704-333-7437; Emails: sallison@hawthorneretailpartners.com and ghinds@hawthorneretailpartners.com; Web site: www.hawthorneretailpartners.com. (continued on page fifty-eight)

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Buyers and Sellers (continued from page fifty-six)

Concordis Northbridge Group and Thalhimer/Cushman & Wakefield are selling Colonnades West Shopping Center, located along West Broad Street in Glen Allen, VA. For more information, contact John Guillory, Concordis Northbridge Group, 1210 Excelsior Avenue, Oakland, CA 94610; 510-531-7388, Fax 510-531-5874; Email: jguill1043@aol.com. Or Eric B. Robison, Thalhimer/Cushman & Wakefield, 1313 East Main Street, Suite 400, Richmond, VA 23219; 804-697-3475, Fax 804-697-3479; Email: eric.robison@thalhimer.com.

Menard, Inc. is selling parcels of 50,816 sq.ft.; 53,819 sq.ft.; 68,208 sq.ft. and 232,906 sq.ft. located along IL Route 26 between Lamm Road and Fairground Road in Freeport, IL. Area retail includes Wal*Mart Supercenter and Menards Mega Store. Area demographics include a population of 54,749 within a 15mile radius earning an average household income of $54,668. For more information, contact Jamie Radabaugh or Nicole Flournoy, Menard, Inc., 4777 Menard Drive, Eau Claire, WI 54703-9625; 715-876-2224/2309, Fax 715876-5960; Emails: jamie@menard-inc.com and nflourno@menard-inc.com.

KW Commercial is selling a 2.3-acre parcel located along Highway 29 in Cantonment, FL. The site is currently occupied by three buildings with a GLA of 8,440 sq.ft. The site is approved for a convenience store, bank, pharmacy or car wash facility. The average daily traffic count is 20,400 vehicles. The asking price is $725,000. For more information, contact Wayne McKinnon, KW Commercial; 850-499-1141; Email: wayne@secommercialproperties.com. A center located at the intersection of East Sunrise Highway and Stewart Place in Valley Stream, NY is available. Area retail includes Dunkin’ Donuts, Wal*Mart, Target, Home Depot, Best Buy, Loews Cineplex, Quiznos, Sleepy’s, IHOP, RadioShack, North Fork Bank, The Bank of New York, Staples, Astoria Federal Savings, HSBC, Capital One and WaMu. The average daily traffic count is 70,000 vehicles. The asking price is $1.85 million. For more information, contact David Simhaee; 516-205-6425. Simon Property Management is selling a 5,360 sq.ft. former Baker’s Square situated on 1.75 acres along Northwest Highway in Crystal Lake, IL. Area demographics include a population of 138,186 within a five-mile radius earning an average household income of $99,122. The average daily traffic count is 29,400 vehicles. For more information, contact Kevin Sims, Simon Property Management, 225 West Washington Street, Indianapolis, IN 46204; 317-263-7108; Email: ksims@simon.com. Brauvin Net Lease, LLC acquired a Bridgestone/Firestone site located in Grove City, OH along with an Office Depot site located in Fayetteville, GA for $5 million. The company is looking to acquire single-tenant properties nationwide. Suitable properties feature general retail, convenience store, after-market auto retail, grocery and childcare tenants bound to NN or NNN leases, are located in markets with trade-area populations above 50,000 and are priced between $850,000 and $7.5 million with Cap rates above 8%. For more information, contact Mark C. Lewnsohn, Eric Saltzman or Adam C. Wells, Brauvin Net Lease, LLC, 205 North Michigan Avenue, Suite 1900, Chicago, IL 60601; 312-759-7662/7668/7667; Emails: mlewensohn@brauvin.com, esaltzman@brauvin.com and D M awells@brauvin.com.

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87,364 S.F. GLA

CRAWFORDSVILLE SQUARE 297,542 S.F. GLA

VILLAGE AT THE MALL ANCHOR POSITION AVAILABLE OUTPARCELS AVAILABLE +/-0.5 ACRES & 3,594 SF PIER 1 IMPORTS, DOLLAR TREE, THE TILE SHOP, HONEY BAKED HAM 2,000 - 18,095 SF AVAILABLE CONTACT (877) 797-1472

JEFFREY JAMES/SAM COOPER

ANCHOR POSITION AVAILABLE OUTPARCELS AVAILABLE 3,800 SF, +/-0.76; 1.47; 2.59 & 3.32 ACRES KROGER, THRIFTY’S, HIBBETT SPORTS 676 - 54,188 S.F. AVAILABLE CONTACT (877) 797-1472

JESSE MAAS

ORANGE PARK, FL

PITTSBURGH, PA

JR. ANCHOR POSITION AVAILABLE

ANCHOR POSITION AVAILABLE

SOUTH BLANDING VILLAGE 108,954 S.F. GLA OUTPARCELS AVAILABLE +/-0.28 & 0.85 ACRES STAPLES, BIG LOTS, WOOD YOU, LARRY’S SUBS JACKSON HEWITT

1,200 - 12,454 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES

FAYETTEVILLE, GA BANKS CROSSING 256,930 S.F. GLA JR. ANCHOR POSITION AVAILABLE JC PENNEY, KROGER, GUITAR CENTER, FARMER’S FURNITURE, GOODYEAR

KENNYWOOD SHOPS 198,210 S.F. GLA

OUTPARCEL AVAILABLE — 4,000 SF GIANT EAGLE, FAMOUS LABELS, DOLLAR GENERAL, FASHION BUG, HOLLYWOOD VIDEO

1,329 - 31,400 S.F. AVAILABLE CONTACT (877) 797-1472 SAM COOPER

LEWISVILLE, TX GARDEN PARK 178,335 S.F. GLA

ANCHOR POSITION AVAILABLE

OUTPARCEL AVAILABLE +/-0.73 ACRES

STEIN MART, CHRISTIAN FAMILY BOOKSTORE, OISHI HIBACHI & SUSHI

971 - 30,090 S.F. AVAILABLE 1,400 - 12,068 S.F. AVAILABLE CONTACT (877) 797-1472

CONTACT (877) 797-1472

INDIANAPOLIS, IN

FORT WAYNE, IN

JR. ANCHOR POSITION AVAILABLE

ANCHOR POSITION AVAILABLE OUTPARCEL +/- .95 ACRES

JEFFREY JAMES/MICHAEL MAHAN

EMERSON PLAZA 84,799 S.F. GLA

MARSH SUPERMARKET, BIG KMART*, DAIRY QUEEN, RADIO SHACK, SUPERCUTS *Not Owned

4,000 - 11,375 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER

JEFFREY JAMES

COVINGTON PLAZA

183,806 S.F. GLA THE FRESH MARKET, OFFICE DEPOT, HONEY BAKED HAM, ANYTIME FITNESS, MERLE NORMAN

1,440 - 22,300 S.F. AVAILABLE CONTACT (877) 797-1472

JEFFREY JAMES/SAM COOPER


New Construction (continued from page twelve)

Stoltz is developing Barley Mill Plaza, a 2.855 million sq.ft. mixed-use development situated on 100 acres at the intersection of Route 141/ Centre Road and Route 48/Lancaster Turnpike in Wilmington, DE. The center features a 706,612 sq.ft. retail component, a 1.434 million sq.ft. office component and a 713,750 sq.ft. residential component. Area retail includes Concord Mall and Christiana Mall. Area demographics include a population of 191,020 within a five-mile radius earning an average household income of $78,374. The average daily traffic count is 55,485 vehicles. The company is also preleasing The Shops at Corporate Woods, a 566,000 sq.ft. lifestyle center located at the intersection of Interstate 435, U.S. Highway 69, College Boulevard and Antioch Road in Overland Park, KS. The center features a 116,000 sq.ft. retail component and a 450,000 sq.ft. office component along with a 120-unit residential component and a 150-room hospitality component. Area demographics include a population of 239,717 within a fivemile radius earning an average household income of $87,595. The average daily traffic count is 287,200 vehicles. The company is also developing New Castle Town Center, a 515,016 sq.ft. project located at the intersection of Route

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The

273/Christiana Road and Route 13/Dupont Highway in New Castle, DE. Area demographics include a population of 473,649 within a 10mile radius earning an average household income of $74,649. The average daily traffic count is 94,635 vehicles. The company is also preleasing The Shops at Cheyenne, a 180,000 sq.ft. center located at the intersection of Cheyenne Avenue and Clayton Street in North Las Vegas, NV. Spaces of 4,000 sq.ft. to 80,000 sq.ft. are available. Area demographics include a population of 141,015 within a three-mile radius earning an average household income of $55,394. The average daily traffic count is 36,000 vehicles. For more information regarding Barley Mill Plaza, The Shops at Corporate Woods or The Shops at Cheyenne, contact Joseph S. Soussana, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 610-6675800 Ext. 202, Fax 610-617-6256 or 610664-1976; Email: jsoussana@stoltzusa.com; Web site: www.stoltzusa.com. For more information regarding New Castle Town Center, contact Mark Curcio or Gloria Mercado; 888-777-3557 Ext. 150/155; Emails: mcurcio@stoltzusa.com and gmercado@stoltzusa.com; Web site: www.stoltzusa.com.

Dealmakers

www.dealmakers.net

The Wilder Cos. is developing The Great Loop – Southwest, a 200-acre mixed-use development located at the intersection of Tamiami Trail and North Jones Loop Road in Punta Gorda, FL. The project features a 1.2 million sq.ft. retail component along with a 500-unit residential component and office and hospitality components. Trade-area demographics include a population of 342,746 earning an average household income of $54,621. For more information, contact The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-247-9200, Fax 617247-4044; Web site: www.wilderco.com. Samuels & Associates is developing The Launch At Hingham Shipyard, a 1.2 million sq.ft. mixed-use project located along Route 3A/ Lincoln Street in Boston, MA. The development features a 210,000 sq.ft. retail component along with residential and office components. Area demographics include a population of 292,789 within a 10-mile radius earning an average household income of $83,202. For more information, contact Samuels & Associates, 333 Newbury Street, Boston, MA 02115; 617-247-3434, Fax 617-266-8788; Email: leasing@samuelsre.com; Web site: www.hinghamlaunch.com. DM


When you’ve developed more than 30 million square feet of retail space, you have well-rounded experience. Development Acquisition Joint ventures Ownership Third Party Management and Leasing Te n a n t R e p r e s e n t a t i o n

We’re in the market for new opportunities in retail real estate. Zamias Services Inc is one of the country’s largest, privately held, retail real estate companies. We’re currently looking for new and diverse retail opportunities. Let’s talk and see what develops.

Visit us at 2nd floor Meeting Room N232.

Zamias Services Inc

George D. Zamias Developer

3 0 0 M a r k e t S t re e t • J o h n s t o w n , PA 15 9 0 1 • w w w. z a m i a s . c o m • 814 - 5 3 5 - 3 5 6 3


visit us at the las vegas icsc booth s294 s street south hall s3 representing over 3 million square feet of properties leasing * tenant rep * investment sales east haven shopping center east haven, connecticut

75 north frontage road • 187,000 Sq. Ft. Shopping Center • Units 2,000 to 15,000 Sq. Ft. • Direct access from Exit 51 off I-95 and Boston Post Road (Route 1) • Join Home Depot, Auto Zone, Wendy’s and many more • Available Now!

copaco shopping center bloomfield, connecticut

450,000 sq. ft. center is expanding cottage grove road (route 218) • Join Lowe’s, Stop & Shop, Burlington Coat, IHOP, Dollar Tree, McDonald’s, CVS Pharmacy Eblens and many more • 15,000 Square Foot Expansion of Power Center • 1 Outparcel Remaining for Lease and 3,000 to 6,000 Sq. Ft. available for lease

land — route 3 rocky hill, connecticut

1.3 acres for lease or build to suit • Great location for financial institution, restaurant, fast food, retailer, hotel • Signalized intersection • 23,3000 vehicles per day • Zoned commercial; gas, water, sewer available • Great visibility; strong demos; surrounded by office/distributors; access to Exit 23 I-91

phone: (860) 529-9000

fax: (860) 563-9667 www.newenglandretail.com


visit us at the las vegas icsc booth s294 s street south hall s3 representing over 3 million square feet of properties leasing * tenant rep * investment sales stop & shop plaza springfield, massachusetts

corner of allen & cooley streets • Join Stop & Shop Supermarket • 10,500 Square Feet available — can be divided • Neighbors include Big Y, Burlington Coat, Texas Roadhouse, Rite Aid, Burger King, and many more. • High traffic location serving Greater Springfield

tolland turnpike manchester, connecticut

ground lease or build to suit 1046 tolland turnpike • Approved pad site for 4,000 sq ft building with drive through • Ideal for a bank, restaurant, or retail • Join BJ’s Wholesale Club, Randy’s Wooster Street Pizza, Manchester Wine & Liquors • Highly visible location

gateway shopping plaza manchester, connecticut

deming street (buckland hills area) exit 63 off interstate 84 • 2,000 - 7,000 Square Feet Available in a 51,472 Square Foot Retail Strip Center • Join Applebees, Panera Bread, Walgreens, FedEx Kinkos, Aspen Dental and more • Prime location in major retail corridor — neighbors include Buckland Hills Mall, DSW, AC Moore, Raymour & Flanigan & more

phone: (860) 529-9000

fax: (860) 563-9667 www.newenglandretail.com





At DLC, we know opportunity is not found within rigid boundaries. We approach every project with creativity, innovation, foresight and vision to see beyond what is - to what can be. Outside the lines is where deals get done, complexity is made simple, and success is realized. Want a crayon?

Corporate Headquarters: 580 White Plains Road, Tarrytown, NY 10591 97

shopping centers

26

states

16.5

1.866.DLC.MGMT

www.dlcmgmt.com

million square feet

V I S I T U S A T R E C O N 2 0 0 9 - S - 2 2 3 5 , 2 2 ND A V E A T R S T . U P P E R S O U T H H A L L


Food Retailers Expand Nationwide (continued from page forty-two)

Focus Brands trades as Cinnabon at 600 locations nationwide and internationally. The dessert shops, offering cinnamon rolls, specialty beverages and baked goods, occupy spaces of 200 sq.ft. to 600 sq.ft. in entertainment centers and regional malls. Plans call for 40 openings nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include JCPenney and Sears. Preferred demographics include a population of 50,000 within two miles earning $65,000 as the average household income. The company is franchising. The company also trades as Moe’s Southwest Grill at 400 locations nationwide. The casual southwestern Mexican restaurants, offering burritos, tacos, quesadillas, nachos, salads and fajitas, occupy spaces of 2,400 sq.ft. in power centers and urban/downtown areas. Plans call for 80 openings throughout the northeastern and southeastern regions and preferably throughout the Mid-Atlantic region of the U.S. during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 30,000 within two miles earning $55,000 as the average household income. Major competitors include Baja Fresh, Chipotle and Qdoba Mexican Grill. The company is franchising. The company also trades as Schlotzsky’s Deli at 370 locations throughout 35 states nationwide and internationally. The fast casual restaurants, offering toasted sandwiches, pizzas, salads and soups, occupy spaces of 2,800 sq.ft. in urban/downtown areas. Plans call for 40 openings throughout the southeastern, central and preferably throughout the southwestern regions of the U.S. during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 30,000 within two miles earning $50,000 as the average household income. Major competitors include Jason’s Deli, Panera Bread, Potbelly Sandwich Works and Quiznos. The company is franchising. For more information, contact Mark Whittle, Focus Brands, 200 Glenridge Point Parkway, Atlanta, GA 30342; 404-257-7040, Fax 404255-4978; Email: mwhittle@focusbrands.com; Web site: www.focusbrands.com. Chao Praya Chinese Eatery trades as Chao Praya Chinese Eatery, Ichiban Japan, Fuji Express and Burgers-N-Crème at 10 locations throughout AR, KY, LA, MS, NC, OK, TN, VA and WA. Chao Praya Chinese Eatery, Ichiban Japan and Fuji Express occupy spaces of 500 sq.ft. to 650 sq.ft. in regional enclosed malls and food courts, with expansion opportunities sought nationwide during the coming 18 months. Burgers-N-Crème occupies spaces of 2,800 sq.ft. to 3,000 sq.ft. in endcaps and inline spaces, with expansion opportunities page 68

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sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include Dillard’s, JCPenney, Macy’s and Sears. Preferred demographics include a population of 200,000 within 10 miles earning $30,000 as the average household income. For more information, contact Brian Wiley, Chao Praya Chinese Eatery, 1880 Lakeland Drive, Suite 3, Jackson, MS 39216; 601-9822863, Fax 601-982-2895. Sequoia Restaurant and Entertainment Group trades as Il Fornaio at 20 locations throughout CA, CO, NV, VA and WA. The upscale Italian restaurants, offering soups, salads, wood-fired pizzas, homemade pastas and a variety of desserts, occupy spaces of 8,000 sq.ft. in lifestyle centers. Growth opportunities are sought throughout the eastern region of the U.S. during the coming 18 months. The company also trades as Yardhouse at 24 locations throughout AZ, CA, CO, FL, HI, IL, KS, NV and TX. The upscale-casual restaurants occupy spaces of 10,000 sq.ft. to 11,000 sq.ft. in entertainment and lifestyle centers. Growth opportunities are sought throughout the eastern region of the U.S. during the coming 18 months. For more information regarding Il Fornaio, contact Brian Kjos, Sequoia Restaurant and Entertainment Group, 610 Newport Center Drive, Suite 500, Newport Beach, CA 92660; 949-706-6646, Fax 949-706-6634; Web site: www.sequoiacompany.com. For more information regarding Yardhouse, contact Brian Kjos or John Few. Wendy’s International, Inc. trades as Wendy’s at 6,600 locations nationwide and internationally. The fast food restaurants occupy spaces of 2,800 sq.ft. to 3,300 sq.ft. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 15 years with 15-year options. Preferred demographics include a population of 20,000 within two miles. A land area of one acre is required for freestanding locations. For more information, contact Kris Kaffenbarger, Wendy’s International, Inc., One Dave Thomas Boulevard, Dublin, OH 43017; 614-764-3100, Fax 614-764-6737. Java Detour operates 20 locations throughout CA, MN, NV and WI. The coffee shops occupy spaces of 800 sq.ft. to 1,300 sq.ft. in endcaps and freestanding locations with a drive-thru. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc. For more information, contact Brian Silbert, Silbert Realty & Management Co., Inc., 85A Division Avenue, PO Box 406, Millington, NJ 07946; 908-604-6900, Fax 908-6042030; Email: info@silbertrealestate.com; Web site: www.javadetour.com. DM


Lead Sheet Hobby Lobby Stores dba Hobby Lobby Creative Centers Scott Nelson 7707 Southwest 44th Street Oklahoma City, OK 73179 405-745-1100, Fax 405-745-1635 Web site: www.hobbylobby.com

Arts/Crafts/Fabrics The 416-unit chain operates locations throughout AL, AR, AZ, CO, FL, GA, IA, IL, IN, KS, KY, LA, MI, MN, MO, MS, MT, NC, ND, NE, NM, OH, OK, SC, SD, TN, TX, UT, VA, WI and WY. The stores, offering arts, crafts, floral, fabrics, frames, hobby and seasonal items, in addition to home accents and jewelry, occupy spaces of 55,000 sq.ft. to 60,000 sq.ft. in power and strip centers. Plans call for 40 openings throughout AZ, FL, MD, MT, NC, NJ, NV, NY, PA, SC and UT during the coming 18 months.

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. Lynn’s and Amy’s Hallmark occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. and Sportsmania and Campus Spirit occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in malls and strip centers. Growth opportunities are considered on a case-by-case basis throughout the existing markets during the coming 18 months.

Gate Petroleum Co. dba Gate Post and Gate Russell F. Walthour 9540 San Jose Boulevard Jacksonville, FL 32257 904-737-7220, Fax 904-732-7660 Web site: www.gatepetro.com

Convenience The 225-unit chain operates locations throughout FL, GA, KY, NC and SC. The convenience stores and gasoline facilities occupy spaces of 3,700 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout FL and NC during the coming 18 months. A land area of 1.5 to two acres is required.

Sally Beauty Supply Greg Batista c/o Pliskin Realty & Development, Inc. 179 Westbury Avenue Carle Place, NY 11514 516-997-0100 Ext. 314, Fax 516-997-7225 Email: gbatista@pliskinrealty.com Web site: www.sallybeauty.com

Cosmetics/Beauty Supplies The 2,461-unit chain operates locations nationwide. The stores, offering products for hair, skin and nails to retail customers and salon professionals, occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in power centers. Growth opportunities are sought throughout Long Island and the surrounding boroughs of New York, NY during the coming 18 months, with representation by Pliskin Realty & Development, Inc. Preferred cotenants include Target, T.J. Maxx and Wal*Mart.

Burlington Coat Factory Warehouse Corp. dba Burlington Coat Factory Warehouse Bob Grapski 1830 Route 130 North Burlington, NJ 08016 609-387-7800 Ext. 1170, Fax 609-589-2953 Emails: bob.grapski@coat.com and michael.shanahan@coat.com Web site: www.burlingtoncoatfactory.com

Department Store The 400-unit chain operates locations nationwide. The stores, offering family apparel and footwear, accessories, home décor items, gifts and coats, occupy spaces of 60,000 sq.ft. to 80,000 sq.ft. in freestanding locations, malls and power, specialty, strip and value centers. Growth opportunities are sought in the Southeast, Southwest and throughout major metropolitan markets nationwide during the coming 18 months. Preferred demographics include a population of 300,000 within 10 miles earning $55,000 as the average household income.

CVS Caremark dba CVS Pharmacy Suzanne Lanois One CVS Drive Woonsocket, RI 02895 401-770-4310, Fax 401-770-2606 Web site: www.cvs.com

Drug Store The 6,900-unit chain operates locations nationwide. The drug stores occupy spaces of 13,000 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought in areas with an existing presence, with a focus on CA, MO and Puerto Rico, during the coming 18 months. Typical leases run 25 years. Preferred demographics include a population of 18,000 within two miles. A land area of two to three acres is required.

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Lead Sheet Marc Glassman, Inc. dba Marc’s and Xpect Discounts Ken Sustin 5841 West 130th Street Parma, OH 44130 216-265-7700, Fax 216-265-7733 Web site: www.marcs.com

Drug / Variety Store Marc’s operates 50 locations throughout OH and Xpect Discounts operates six locations throughout CT. The stores, offering food, health, beauty and general merchandise items, occupy spaces of 45,000 sq.ft. in strip centers. Growth opportunities are sought for Marc’s throughout OH during the coming 18 months. Typical leases run 10 years with options.

Cleaning Concepts, Inc. dba Cleaning Concepts Gerald David 78720 Willow Rich Drive Palm Desert, CA 92211 Web site: www.cleaningconcepts.com

Dry Cleaners The 30-unit chain operates locations throughout AZ, CA, CO, ID, MA, MT and TX. The dry cleaning centers 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 anchors. Preferred demographics include a population above 10,000 within one mile earning $65,000 as the average household income.

Monkey Joe’s Harold Shumacher c/o The Shumacher Group 3188 Saybrook Drive Atlanta, GA 30319 404-240-0040, Fax 404-266-9271 Email: harold@shumacher.com Web site: www.shumacher.com

Fitness The 10-unit chain operates locations nationwide. The centers, featuring an inflatable gym for children, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in strip centers. Plans call for one to three openings throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. Typical leases run 10 years with a sevenyear kickout. A vanilla shell and specific improvements are required. Preferred cotenants include grocery and discount stores. Preferred demographics include a population of 20,000, including children under the age of nine, within 10 miles. Major competitors include Pump It Up. The company is franchising.

Big Lots, Inc. dba Big Lots Kevin Day 300 Phillipi Road Columbus, OH 43228 614-278-6714, Fax 614-278-6546 Email: kevinday@biglots.com Web site: www.biglots.com

General Merchandise The 1,350-unit chain operates locations nationwide. The stores, offering discounted general merchandise, housewares, furniture, toys and seasonal items, occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. For more information regarding expansion throughout AL, FL, GA, MD, MS, NC, SC, TN and VA, contact Jeff Powers, 864-2970304, Fax 864-234-7864; Email: jeffpowers@biglots.com. For more information regarding expansion throughout IA, IL, MN, ND, SD and WI, contact Jim Diebold, 614-278-4777. For more information regarding expansion throughout CT, DE, MA, ME, NH, NJ, NY, PA, RI and VT, contact Josh Nanberg, 614-278-6945, Fax 614-278-6546; Email: jnanberg@biglots.com. For more information regarding expansion throughout CA, ID, MT, NV, OR, UT, WA and WY, contact Michele Low, 323-988-4555. For more information regarding expansion throughout AR, AZ, CO, KS, LA, MO, NE, NM, OK and TX, contact Rick Davis, 281-315-8805. For more information regarding expansion throughout IN, KY, MI, OH and WV, contact Vince Cattano, 614-278-6720, Fax 614-278-6546.

Spencer Gifts, LLC dba Spencer’s Sue Waldman 6826 Black Horse Pike Egg Harbor Township, NJ 08234 609-645-3300, Fax 609-645-5448 Email: sue.waldman@spencergifts.com Web site: www.spencergifts.com

Gifts The 600-unit chain operates locations nationwide and throughout Canada. The stores, offering unique gifts and merchandise, occupy spaces of 1,800 sq.ft. to 2,100 sq.ft. in regional malls. Plans call for 15 to 20 openings nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required.

Sport Clips Missy Whiddon c/o Vanguard Commercial Realty, Inc. 4236 William James Way Tallahassee, FL 32303 850-562-6400 Web site: www.sportclips.com

Hair The 650-unit chain operates locations nationwide. The men and boys’ hair salons occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in grocery-anchored power centers. Growth opportunities are sought throughout Gainesville, Panama City and Tallahassee, FL during the coming 18 months, with representation by Vanguard Commercial Realty, Inc. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income.

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Lead Sheet Toni & Guy John Romm c/o Commercial West Brokerage 2443 East Coast Highway Corona Del Mar, CA 92625 949-723-7200, Fax 949-723-7301 Email: jromm@commercialwest.com Web site: www.commercialwest.com

Hair The 60-unit chain operates locations throughout AZ, CA, CO, FL, GA, NC, NY, OH, OR, PA, RI, TX and British Columbia and Ontario, Canada. The hair salons occupy spaces of 1,500 sq.ft. to 4,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout Los Angeles and Orange counties in CA during the coming 18 months, with representation by Commercial West Brokerage.

Kirkland’s, Inc. dba Kirkland’s Sarah Weaver 2501 McGavock Pike, Suite 1000 Nashville, TN 37214 615-872-4840, Fax 615-872-4902 Email: sarah.weaver@kirklands.com Web site: www.kirklands.com

Home Furnishings The 293-unit chain operates locations nationwide throughout 33 states. The stores, offering gifts, home furnishings, housewares and decorative accessories, occupy spaces of 6,500 sq.ft. to 10,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought nationwide, excluding the northeastern and northwestern regions, during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Pier 1 Imports and Target. A land area of one acre is required for freestanding locations.

The TJX Cos., Inc. dba HomeGoods Tina Lofgren 770 Cochituate Road Framingham, MA 01701 508-390-3000, Fax 508-390-2340 Web site: www.tjx.com

Home Furnishings The 318-unit chain operates locations nationwide. The stores, offering bedding and bath products, home décor items, housewares and giftware, as well as seasonal merchandise, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and lifestyle, power and strip centers. Plans call for 10 openings throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income.

ABC Liquors, Inc. dba ABC Fine Wines & Spirits Thomas Hartmann and Chris Quarles PO Box 593688 Orlando, FL 32859 407-851-0000, Fax 407-857-5500 Emails: tomh@abcfws.com and chrisq@abcfws.com Web site: www.abcfinewineandspirits.com

Specialty The 180-unit chain operates locations throughout FL. The stores, offering wine and spirits, gourmet foods and gift baskets, occupy spaces of 12,000 sq.ft. in freestanding locations and power centers. Plans call for 14 openings throughout the existing market during the coming 18 months. Preferred cotenants include sit-down restaurants. Preferred demographics include a population of 75,000 within three miles earning $75,000 as the average household income. A land area of 1.75 acres is required for freestanding locations. The company prefers to acquire sites.

Angel Tips Nail Salon Jeff Kintzer c/o Royal Properties, Inc. 850 Bronx River Road Bronxville, NY 10708 914-237-3403, Fax 914-237-0196 Email: jeff@royalpropertiesinc.com Web site: www.royalpropertiesinc.com

Specialty The 60-unit chain operates locations throughout CT, NJ and NY. The salons, offering manicures, pedicures, facials and massages, occupy spaces of 800 sq.ft. to 3,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Royal Properties, Inc.

Bar Room Robert Benjamin c/o Goodman Real Estate Services Group, LLC 25333 Cedar Road, Suite 305 Lyndhurst, OH 44124 216-381-8200, Fax 216-381-8211 Email: bobby@goodmanrealestate.com Web site: www.goodmanrealestate.com

Specialty The two-unit chain operates locations throughout Cleveland, OH and Pittsburgh, PA. The lounge and dance clubs occupy spaces of 8,000 sq.ft. to 27,000 sq.ft. in downtown areas and lifestyle and mixed-use centers. Growth opportunities are sought throughout major metro markets nationwide during the coming 18 months, with representation by Goodman Real Estate Services Group, LLC. The company is looking to locate in existing restaurant and bar spaces with an outdoor patio area.

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Lead Sheet Beverages & More Matthew Alexander c/o SRS Real Estate Partners 301 Howard Street, Suite 900 San Francisco, CA 94105 415-908-4930, Fax 415-908-4935 Email: matt.alexander@srsre.com

Specialty The 90-unit chain operates locations throughout AZ and CA. The stores, offering wines, spirits, accessories and gifts, occupy spaces of 10,000 sq.ft. in power, strip and specialty centers. Plans call for 10 openings throughout the existing markets during the coming 18 months, with representation by SRS Real Estate Partners. Typical leases run 10 years. Preferred cotenants include Barnes & Noble. Preferred demographics include a population of 100,000 within five miles earning $75,000 as the average household income.

Rincon Musical Marc Durst c/o Sholom & Zuckerbrot Realty, LLC 35-11 35th Avenue Long Island City, NY 11106 718-392-5959 Ext. 122, Fax 718-937-6546 Email: mdurst@s-z.com Web sites: www.rinconmusical.com and www.s-z.com

Specialty The 11-unit chain operates locations throughout the boroughs of New York, NY. The stores, offering musical instruments and accessories, occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in freestanding locations, regional malls and power, strip and value centers, in addition to urban/downtown areas. Plans call for two openings throughout NJ and NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Major competitors include Sam Ash, FYE and Guitar Center.

Olympia Sports Carla Manganello 5 Bradley Drive Westbrook, ME 04092 207-854-2794, Fax 207-591-9055 Email: cmanganello@olympiasports.net Web site: www.olympiasports.net

Sporting Goods The 177-unit chain operates locations throughout CT, MA, ME, NH, NY, PA, RI and VT. The sporting goods stores occupy spaces of 3,600 sq.ft. to 4,500 sq.ft. in regional malls and lifestyle, power and strip centers. Plans call for eight to 10 openings throughout the existing markets during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include grocery stores, T.J. Maxx, Target and Wal*Mart. Preferred demographics include a population of 45,000 within five miles earning $45,000 as the average household income.

Carnival Booking, Inc. dba Carnival Booking Lois Konnos 800-408-7707 Email: lois@carnivalbooking.com Web site: www.carnivalbooking.com

Temporary Tenant The carnivals occupy a land area of 80,000 sq.ft. in parking lots of malls and strip centers nationwide. Growth opportunities are sought throughout the existing market during the coming 18 months.

Spirit Halloween Superstores, LLC dba Spirit Halloween Frank Pacera 6826 Black Horse Pike Egg Harbor Township, NJ 08234 609-645-5447, Fax 609-645-5622 Email: frank.pacera@spirithalloween.com Web site: www.spirithalloween.com

Temporary Tenant The company plans to operate 725 locations nationwide during three months over the 2009 Halloween season. The stores, offering costumes, masks, make-up, dÊcor and costume accessories for the family, occupy spaces of 5,000 sq.ft. to 15,000 sq.ft. in malls and outlet, power, specialty and strip centers, as well as downtown areas. Preferred cotenants include Target, Best Buy, Kohl’s, Wal*Mart and grocery stores. Preferred demographics include a population of 50,000 within three to five miles earning $50,000 as the average household income. Major competitors include Halloween Express, Party City and Halloween Adventure.

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 72

May 22, 2009

The

Dealmakers

www.dealmakers.net


Looking for Acquisitions • Leasing Great Sites

LEASING

Rivercrest Realty has space available in anchored shopping centers along the East Coast. For leasing, contact: Vijay K. Shah (NC, TN, VA, WV, MD, DE) (919) 518-2000 vshah@rivercrestrealty.com Debbie Lewis (SC, GA, FL) (919) 518-2000 dlewis@rivercrestrealty.com

Visit us

Helen Vitaliano at Booth (New York Locations) C184 F Street (718) 980-7684 helenvitaliano@si.rr.com at RECon

ACQUISITIONS

Rivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi. Acquisition Requirements: • Grocery / Shadow-Anchored • $5 Million Minimum Deal • 30,000& SF Shop Space Forward proposals to: Stan Werb (919) 846-4046 swerb@rivercrestrealty.com

www.rivercrestrealty.com 8816 Six Forks Road, Suite 201 Raleigh, NC 27615 Phone: (919) 518-2000 Fax: (919) 424-0001

STATE

CENTEr

AvAILAbLE SF

NEw yOrk Staten Island Staten Island

Coral Island Shopping Center Tottenville Square

435 – 2,980 SF 1,273 – 4,415 SF

DELAwArE Seaford

Sussex Plaza

2,000 & 3,000 SF

FLOrIDA Wilton Manors

Shoppes of Wilton Manors

GEOrGIA Atlanta Augusta Macon

Lenox Village Southpointe Plaza Walnut Creek Plaza

MAryLAND Landover Pocomoke City Fruitland

Landover Crossing East Town Plaza Southtowne Commons

2,000 – 119,244 SF 3,000 SF Fully Leased

NOrTH CArOLINA Advance Chapel Hill Charlotte Charlotte Durham Durham Forest City Hendersonville Raleigh Shelby Smithfield Southport Taylorsville Winston-Salem

Kinderton Place Timberlyne Archdale Marketplace Royal Plaza Parkway Plaza The Village Hillside Plaza Highlands Square Millbrook Collection Creekside Plaza Smithfield Plaza Tidewater Plaza Taylorsville Hanes Commons

1,309 & 1,787 SF 500 – 2,400 SF 2,400 - 4,031 SF 700 – 6,676 SF Fully Leased 11,700 SF 1,500 – 25,000 SF 2,500 – 4,000 SF 1,225 – 2,150 SF 3,120 SF 1,500 & 3,000 SF 3,000 SF 1,200 – 8,363 SF 1,400 & 3,300 SF

SOUTH CArOLINA Boiling Springs Columbia Florence Gaffney Georgetown Greenville Greenville Greenville Greenwood Greer Lexington Lexington Myrtle Beach Myrtle Beach Surfside Beach

Boiling Springs Center Northpointe Commons Southside Commons Piedmont Plaza Plantation Plaza Haywood Plaza Shoppes at Woodruff White Horse Commons Westwood Plaza Hillview Plaza East Towne Centre Village Square Northwood Plaza Plantation Point Surfside Commons

1,600 & 2,000 SF 2,000 & 35,000 SF 3,200 SF 2,000 & 3,200 SF 2,000 & 3,000 SF 998 – 5,400 SF 1,500 – 4,000 SF 4,000 SF 4,500 – 27,500 SF 2,000 SF Fully Leased 800 & 1,493 SF 1,103 – 6,400 SF 2,458 – 4,122 SF 3,000 & 4,000 SF

TENNESSEE Cookeville

Cumberland Station

vIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston

Ridgeview Plaza Riverbend Garbers Crossing Mountainview Plaza Peppers Ferry Centre South Boston

wEST vIrGINIA Princeton

East River Plaza

15,423 SF 1,430 & 1,540 SF Fully Leased 2,000 & 6,000 SF

900 & 3,000 SF 2,000 & 30,000 SF 2,800 SF 2,400 SF 3,000 – 9,000 SF 1,600 SF 1,200 SF 30,030 SF


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Space Place Alabama

Alabama

Alabama

Alabaster – Willow Plaza, a 14,000 sq.ft. neighborhood center located at the intersection of Highway 119 and Meadowlark Lane, has a 1,250 sq.ft. space available. Cotenants include Celebrity Video, Lisa & Co. Sew Sisters, D&M Beauty Supply, Pet Palace, #1 Nails and Allstate Insurance. Area demographics include a population of 38,133 within five miles earning $79,945 as the average household income. The average daily traffic count is 21,300 vehicles. Boaz – Shoppes at Boaz, an 84,847 sq.ft. center located on U.S. Route 431, has a 4,050 sq.ft. space available.

Cotenants include Farmers Wireless, LeVon Nails, Fred’s and Tractor Supply Co. Area retail includes Wal*Mart Supercenter, Krystal, Cato, Hibbett Sporting Goods and Dollar Tree. Area demographics include a population of 40,948 within seven miles earning $42,164 as the average household income. The average daily traffic count is 28,080 vehicles. Centre – Cherokee Plaza, a 99,479 sq.ft. neighborhood center located at the intersection of Highway 411, Highway 6, Highway 9 and Highway 283/Chestnut Bypass, has spaces available from 1,550 sq.ft. to 29,581

sq.ft. Cotenants include Dollar General, Fred’s, Howards Jewelers, Hi Fashion Salon, Empire Printing, Local Cash Advance, 10c & More, Mimi’s Pizzeria and Funtime Skating. Area demographics include a population of 155,577 within 20 miles earning $65,644 as the average household income. Hueytown – Hueytown Center, located on Allison Bonnett Parkway, has spaces available of 660 sq.ft. and 1,224 sq.ft. Cotenants include Pharmacy Express, Household Finance, Curves, USA Nails and ABC. Area retail includes Wal*Mart Supercenter. Area demographics include a population of 40,523 within five miles earning $49,148 as the median household income. The average daily traffic count is 22,690 vehicles. Prattville – Heritage Place, located on U.S. Highway 31/South Memorial Drive between Wright Street and Gipson Street, has spaces available of 1,054 sq.ft. and 2,780 sq.ft. Cotenants include Fashion Nails & Tanning Spa, H&R Block, Adams Drugs, Acceptance Insurance, Steak Out, Cash Mart, Fountain City Health Foods, Subway and Papa John’s. Area demographics include a population of 42,067 within five miles earning $71,656 as the average household income. Russellville – Russellville Marketplace, a 47,200 sq.ft. center located on Highway 43, has a 12,000 sq.ft. expansion space available. Cotenants include Burke’s Outlet, Hibbett Sporting Goods and Peebles. Area retail includes Yours & Mine, New China, Burger King, Sonic Drive-In, Captain D’s and Taco Bell. Area demographics include a population of 23,348 within 10 miles earning $48,245 as the average household income. The average daily traffic count is 15,080 vehicles. For details, contact Louise Jennings, Real Estate Southeast, LLC, PO Box 681955, Prattville, AL 36068; 334-365-6876, Fax 334-365-5921; Email: louise@realestatesoutheast.com; Web site: www.realestatesoutheast.com.

NJ/PA REAL ESTATE

Fameco Real Estate represents the following opportunities in South Jersey & Pennsylvania SPRINGFIELD SQUARE SHOPPING CENTER

Springfield Square North

Springfield (Delaware County), PA

• 195,291 SF mixed use center • Join: Borders, Olive Garden, David’s Bridal, Jos A. Bank, Pei Wei & Annie Sez • In the heart of Springfield’s “Golden Mile” • 9,150 SF available

Balt

imo

k re P

Springfield Square Center

Jos. A Bank

BJ’S SHOPPING CENTER

Future Traffic Signal

Manahawkin (Ocean County), NJ

New Traffic Pattern 2009

Future Traffic Signal

Ma rtin Tru ex Blv d

Do cC ram er

Blv d

• 159,502 SF retail center • Join: BJ’s Wholesale Club & Sonic Drive In • First/last full intersection prior to the Garden State Parkway • Pad sites available

Future Traffic Signal

72

Future Traffic Signal

Oa kA ve

TURNER SQUARE SHOPPING CENTER

Rou

West Goshen (Chester County), PA

02 te 2

Turne r

• 25,325 SF community center • Join: Chipotle, Bike Line, K-Mart, Rite Aid, Staples, Famous Footwear & Hallmark • Dominant retail location in the market • 1,300 SF bays available

Lane

Chester County Books

PLCB Outlet

Alaska Turner Square

Pa

ol

iP

i

ke

For more Info Contact: George Wisnoski at 610.834.8000

633 West Germantown Pike; Suite 200 • Plymouth Meeting, PA 19462 p 610.834.8000 • f 610.834.1793

page 74

May 22, 2009

The

Dealmakers

Mobile – A center located on Airport Boulevard has a divisible space of 9,000 sq.ft. For details, contact Commerce Group, Inc.; 800-456-4952; Email: frontdesk@commerce-group.com.

www.dealmakers.net

Anchorage – A center located at the intersection of Dimond Drive and Old Seward Highway has a 57,491 sq.ft. space available along with 18,874 sq.ft. of mezzanine space and an 11,000 sq.ft. buildable pad site. Area retail includes Michaels, The Sports Authority, Sam’s Club, Petco, OfficeMax and Borders. Area retail includes Anchorage Mall. (continued on page seventy-six)



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Space Place Alaska

Arizona

Arizona 12,774 sq.ft. space available along with a 48,170 sq.ft. space with 16,488 sq.ft. of mezzanine space. Area retail includes Costco, Home Depot, PetSmart, Office Depot and Sears. For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208376-8522; Web site: www.hcollc.com.

Arizona

asking rent is $15 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Tucson – A 1,400 sq.ft. freestanding building located on Oracle Road is available. The

Tucson – A center located at the intersection of Thornydale Road and Costco Drive has a

Benton – A 30,565 sq.ft. freestanding building located on Military Road is available. The asking rent is $2.95 psf. Forrest City – A 25,230 sq.ft. freestanding building located on North Washington Street is available. The asking rent is $3 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

(continued from page seventy-four)

Wasilla – A center located at the intersection of Parks Highway and Maney Drive, has a 51,671 sq.ft. space available along with 13,628 sq.ft. of mezzanine space. For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208376-8522; Web site: www.hcollc.com.

LONGVIEW, TX CONTINUES TO GROW… Retail & RestauRant oppoRtunities abound Why you should consider locating a restaurant or retail business here:

California

• New Wal-Mart Super Center • Two recently constructed retail shopping centers with three hotels under construction • New full-service bank The Interstate-20 corridor • Travel Center under construction in Longview, TX is ripe • Well-traveled highways & interstate for development. Pad sites, • LeTourneau University with Greenfield sites & retail 3,900+ students space are available. Dine-in • Belcher Performing Arts Center 2,000 seats, 60+ events each year restaurants are needed. • Several large employers • Less than 10 fast food restaurants in the vicinity and no sit-down restaurants • 1,100+ hotel/motel rooms Demographics (within 15 min drive):

• 29,300 Households • Median Income $41,898 • 57,180 Employees Susan Mazarakes Business Development Director 903-753-7878 | 800-952-2613 Fax: 903-753-3646 www.longviewusa.com/I-20 page 76

May 22, 2009

The

Dealmakers

Arkansas

www.dealmakers.net

Chico – A 19,440 sq.ft. building situated on 4.35 acres at the intersection of Park Avenue and Whitman Avenue is available. Area retail includes Costco. Oroville – A center located at the intersection of Oro Dam Boulevard and Veatch Street has a 20,048 sq.ft. space available. Area retail includes Food Max, Big 5 Sporting Goods and Longs Drugs. Victorville – A center located at the intersection of Valley Center Drive and La Paz Drive has a 61,064 sq.ft. space along with 13,393 sq.ft. of mezzanine space. Area retail includes Costco. For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208376-8522; Web site: www.hcollc.com. Clovis – Willow Plaza Shopping Center, located on West Shaw Avenue, has spaces available of 1,050 sq.ft. and 3,608 sq.ft. Fresh & Easy Neighborhood Market anchors the center. Also, a 10,710 sq.ft. pad site to a Lowe’s Home Improvement located on Railroad Avenue is available. For details, contact Gary L. Pinkston or Tracy M. Geraghty, Meridian Pacific, Ltd., 1801 Tiburon Boulevard, Suite 800, Tiburon, CA 94920; 415-789-5530, Fax 415-789-5564. Fullerton – A 1,785 sq.ft. freestanding building located on Brea Boulevard is available. The asking rent is $18 psf. Monrovia – A 2,082 sq.ft. freestanding building located on West Huntington Drive is available. The asking (continued on page seventy-eight)


iNtroduCiNg

THE palMS aT TOWN & COUNTRY COMiNG SpRiNG 2010! 400,000 sq.Ft. MediterraNeaN-theMed, PedestriaN-FrieNdlY liFestYle CeNter iNCludiNg NordstroM raCK

CURRENT TENaNT liNE Up Kohl’s • Publix • Marshall’s • NiNe West outlet • 24 hour FitNess NeW YorK & CoMPaNY • KirKlaNd’s • outbaCK steaKhouse CasavaNa • toYs “r” us • Cvs

FOR lEaSiNG iNFORMaTiON plEaSE CONTaCT: KaREN SaNzO leasiNg sPeCialist

MaURO R. OliviERi leasiNg sPeCialist

JONES laNG laSallE tel 800.982.6339 • Fax 407.644.3860 KareN.saNzo@aM.jll.CoM

JONES laNG laSallE tel 305.969.7291 • Fax 305.969.7593 Mauro.olivieri@aM.jll.CoM

joNes laNg lasalle booth C1001 10th street 8505 Mills Drive, MiaMi Fl 33183 • 305.274.7928 • www.thepalmsshops.coM


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Space Place California

(continued from page seventy-six)

rent is $21 psf. Orange – A 7,934 sq.ft. freestanding building located on North Tustin Avenue is available. The asking rent is $12 psf. Sand City – A 27,575 sq.ft. freestanding building located on Playa Avenue is available. The asking rent is $14 psf. Santa Clara – A 13,400 sq.ft. freestanding building located on Stevens Creek Boulevard is available. The asking rent is $15 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River

California

Colorado

Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Colorado Thornton – A 2,220 sq.ft. freestanding building located on Washington Street is available. The asking rent is $19.75 psf. For details, contact Len Weiselberg,

Prime retail land available

anchored by the newest menards mega Store in indiana

33,000 c daily Traffi Count

EvansvillE, indiana

Excellent accessibilit y and visibil ity

Property Highlights • Anchored by Menard’s 230,000 sf Mega Store • 1 minute North of Eastland Mall and 2 minutes from Interstate 164 • 100% Pad ready with all utilities • 475,000 population within trade area • Anchor and Junior Anchor opportunities • Easy access / High Trafic counts. Outlots available. Will subdivide or combine

demographics 3 Miles 5 Miles 10 Miles Population

40,203

127,980 205,619

Households

17,649

53,797

83,142

Avg. HH Inc. $55,572 $56,907 $54,929

www.stonefieldcrossing.com | (812) 204-2236 | JV2236@gmail.com page 78

May 22, 2009

The

Dealmakers

www.dealmakers.net

Connecticut Bloomfield – Copaco Shopping Center, a 450,000 sq.ft. center located on Route 218/ Cottage Grove Road, has spaces available from 3,000 sq.ft. to 6,000 sq.ft. along with an outlot. Lowe’s Home Improvement and Stop & Shop anchor the center. Cotenants include Burlington Coat Factory, IHOP, Dollar Tree, McDonald’s, CVS and EbLens. East Haven – East Haven Shopping Center, a 187,000 sq.ft. center located on North Frontage Road, has spaces available from 2,000 sq.ft. to 15,000 sq.ft. Home Depot anchors the center and cotenants include AutoZone and Wendy’s. Manchester – Tolland Turnpike has a pad site available for ground lease or build-to-suit. BJ’s Wholesale Club anchors the center and cotenants include Randy’s Wooster Street Pizza and Manchester Wine & Liquors. Also, Gateway Shopping Plaza, a 51,472 sq.ft. center located on Deming Street, has spaces available from 2,000 sq.ft. to 7,000 sq.ft. Cotenants include Applebee’s, Panera Bread, Walgreens, FedEx Office and Aspen Dental. Area retail includes Buckland Hills Mall, DSW, A.C. Moore and Raymour & Flanigan. Putnam – Tractor Supply Plaza, a 32,000 sq.ft. center located on Route 44/Providence Pike, has spaces available from 1,500 sq.ft. to 13,000 sq.ft. Tractor Supply Co. anchors the center. Area retail includes Stop & Shop, Sears Essentials, Wal*Mart and CVS. Rocky Hill – A 1.3-acre parcel is available for lease or build-to-suit. The average daily traffic count is 23,000 vehicles. Wallingford – Lowe’s Plaza, a 200,000 sq.ft. center located at the intersection of Route 5 and Route 15, has two outparcels available. Lowe’s Home Improvement anchors the center. Area retail includes Home Depot, BJ’s Wholesale Club, Kohl’s, Chili’s and Applebee’s. Waterbury – Colonial Plaza, a 225,000 sq.ft. center located on Thomaston Avenue, has spaces available from 832 sq.ft. to 34,512 sq.ft. Cotenants include Compare Foods, Dollar Dreams, Dunkin’ Donuts and Wendy’s. For details, contact New England Retail Properties, Inc.; 860-5299000, Fax 860-563-9667; Web site: www.newenglandretail.com. (continued on page eighty)


We knoW the

tWin Cities

For more than 60 years, Paster Enterprises has been the premier developer and manager of Twin Cities' neighborhood shopping centers. The company currently owns more than 1,000,000 square feet of commercial real estate, and is actively seeking to acquire grocery anchored and other high-quality retail properties.

OUR PORTFOLIO Mendota Plaza • Central Plaza • Crystal Shopping Center • Crystal Town Center Doddway Center • Lakeville Crossing • Lexington Plaza Shoppes • Mounds View Square • Northway Center • Sibley Plaza • Southview Center

For leasing opportunities, contact Lisa Store at 651.646.7901

www.pasterenterprises.com

14622 Paster Ad Dealmakers_v4.indd 1

4/3/09 9:27:15 AM


Space Place

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Connecticut (continued from page seventy-eight)

Canaan – Stop & Shop Plaza, located at the intersection of Route 44 and Route 7, has space available, including endcap and restaurant spaces. Super Stop & Shop anchors the center. Rocky Hill – Cromwell Avenue Shops, a mixed-use strip center located on Cromwell Avenue, has space available, including a 4,200 sq.ft. restaurant space. CBT Bank anchors the center. Area retail includes Starbucks, Big Y Supermarket and CVS. For details, contact Kelly Voss, Developers

Connecticut

Connecticut

Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.

West Hartford – Blue Back Square, a 600,000 sq.ft. mixed-use center, has space available. Cotenants include Crate and Barrel, Barnes & Noble, REI, White House|Black Market, The Cheesecake Factory, Criterion Cinemas, Fleming’s Prime Steakhouse & Wine Bar and Whole Foods Market. For details, contact Ronus Properties; 678-5534000; Web site: www.ronusproperties.com.

Ellington – Spaces and outparcels are available. Rocky Hill – Spaces and outparcels are available. Stratford – Spaces and outparcels are available. For details, contact Rob Mehlich, Jr., Mehlich Associates Commercial Real Estate Investments; 914-793-5050; Web site: www.mehlichassoc.com.

THE BAY TERRACE LIFESTYLE CENTER

Bayside — Queens, NY

Up to 7,200 square ft. of Retail Space Available for Lease

• Located in Densely Populated Queens County • A mix of National and Specialty Retailers, Restaurants, and AMC Multiplex Theater • Ample free parking • Easily accessible form the Cross Island Parkway and the Clearview Expressway Population

Average H.H. Income

Total Households

1 mile

34,924

$88,838

14,814

3 miles

329,498

$81,977

122,846

5 miles

852,911

$78,750

297,199

Seaford – Sussex Plaza has spaces available of 2,000 sq.ft. and 3,000 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: vshah@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Florida Bradenton – An 1,800 sq.ft. freestanding building located on 14th Street is available. The asking rent is $14.75 psf. Indian Harbour – A 14,795 sq.ft. freestanding building located on State Road A-1-A is available. The asking rent is $18 psf. Rockledge – A 28,660 sq.ft. freestanding building located on Bougainvillea Drive is available. The asking rent is $6 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Comments

Radius

Delaware

Coral Springs – Coral Springs Court has spaces available from 629 sq.ft. to 2,307 sq.ft. Cotenants include Stonegate Bank and Huntington Learning Center. Hollywood – Hollywood Palms has spaces available from 1,140 sq.ft. to 4,800 sq.ft. Cotenants include Publix and Walgreens. Margate – Shoppes at Margate has spaces available from 1,500 sq.ft. to 3,400 sq.ft. Cotenants include Pet Supermarket and Super Food Store. Pembroke Pines – Flamingo Market Place has spaces available from 1,200 sq.ft. to 4,855 sq.ft. Cotenants include Bravo and Bank of America. Also, FMS Corners has spaces available from 1,985 sq.ft. to 2,535 sq.ft. Cotenants include Quiznos, Hear X and Asian Buffet. Also, Shoppes at Pembroke has spaces available from 1,200 sq.ft. to

For information, please contact: Patricia Walsh, Leasing Dept. (718) 947-7110 pwalsh@cordmeyer.com www.bayterrace.com | www.cordmeyer.com

(continued on page eighty-two) page 80

May 22, 2009

The

Dealmakers

www.dealmakers.net


Visit us at tHe las Vegas icsc bootH s294 s street soutH Hall s3 representing over 3 Million square feet of properties leasing * tenant rep * inVestMent sales tractor supply plaza wallingford, connecticut

32,000 square feet shopping center providence pike (route 44) • Join Tractor Supply • 1,500 − 13,000 Square Feet Remain • Can Be Divided • Neighbors include: Stop & Shop, Sears Essentials, Wal*Mart, CVS (2009),and more

colonial plaza waterbury, connecticut

225,000 square feet shopping center thomaston avenue • Join Compare Foods, Dollar Dreams, Dunkin Dunuts, Wendy’s, and more • Immediate occupancy • 832 - 34,512 Square Feet remain for lease; subdividable • Competative rates

lowes plaza wallingford, connecticut

200,000 square foot shopping center route 5 at route 15 • 2 Outparcels Available for Lease • Ideal Restaurant or Bank site • Neighbors include Home Depot, BJ’s Wholesale Kohl’s, Chili’s, Applebees and more

phone: (860) 529-9000

fax: (860) 563-9667 www.newenglandretail.com


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Space Place Florida

(continued from page eighty)

3,840 sq.ft. Cotenants include Michaels and Weight Watchers. For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.milbrookproperties.com. Fern Park – Mainstreet Square, a 108,632

Florida

Florida

sq.ft. strip center situated on 8.93 acres at the intersection of U.S. Highway 17/92 and Ridge Road, has spaces available of 1,807 sq.ft.; 1,870 sq.ft. and 2,800 sq.ft. WinnDixie, Goodwill Industries, Kid’s World and Rent-A-Center anchor the center. Cotenants include NY Pizza, China Feast and Ole Gourmet. Area retail includes Home Depot. Area demographics include a population of 807,592 within 10 miles earning $74,415 as the average household income. The average daily traffic count is 56,000 vehicles. The asking rent is $14 psf NNN with CAM of

$1.93 psf and taxes of $1.30 psf. Green Cove Springs – Magnolia Layne Shopping Center, an 89,518 sq.ft. strip center situated on 13.68 acres at the intersection of U.S. Highway 17 and Harbor Road, has spaces available of 1,945 sq.ft.; 3,403 sq.ft. and 6,666 sq.ft. Harvey’s Grocery, Pizza Hut and Dollar General anchor the center. Cotenants include Subway, H&R Block, MetroPCS and Curves. Area demographics include a population of 208,508 within 10 miles earning $91,856 as the average household income. The average daily traffic count is 30,135 vehicles. The asking rent ranges from $10 psf to $12 psf with CAM of $2.52 psf and taxes of $0.86 psf. Orange Park – South Blanding Village, a 108,954 sq.ft. strip center situated on 17.42 acres at the intersection of Blanding Boulevard and Filmore Street, has spaces available of 1,895 sq.ft.; 3,900 sq.ft. and 11,323 sq.ft. Staples, Big Lots, Jackson Hewitt and Wood You Furniture anchor the center. Cotenants include Computer FX, American General Finance and Larry’s Giant Subs. Area demographics include a population of 349,164 within 10 miles earning $78,032 as the average household income. The average daily traffic count is 40,000 vehicles. The asking rent ranges from $12 psf to $14 psf with CAM of $1.73 psf and taxes of $1.05 psf. For details, contact Jeffrey James, Lamar Cos., 8900 143rd Street North, Seminole, FL 33776; 727-403-7777, Fax 727-517-2276; Email: jjames@lamarco.com; Web site: www.lamarcompanies.com.

Meridian Pacific, Ltd. has been involved in all aspects of real estate development in Hawaii and the mainland for the past 35 years. Currently, we have offices in San Francisco, California and Honolulu, Hawaii. Over the years, we have financed, designed, developed, constructed, leased, managed and owned an aggregate total of over 20,000,000 square feet of hospitality, industrial, retail, office, and residential income properties for a total value of $4 billion. All of our properties are owner-managed.

Available Properties For Lease Willow Plaza Shopping Center

Gessner Center - For LeASe or SALe

788 W. Shaw Ave., Clovis, Fresno County, CA

1818 Gessner Drive, Houston, Harris Co., TX

3,608 SF available directly adjacent to new Fresh & Easy Neighborhood Market.

Lowe’s Annex

34,571 SF free-standing building with excellent demographics. Good visibility & signage.

Willow Plaza Shopping Center

1631 Railroad Ave., Clovis, Fresno County, CA

758 W. Shaw Ave., Clovis, Fresno County, CA

1,050 SF available with new storefront/ floors/paint. Ownermanaged.

10,710 SF freestanding building (retail/warehouse) adjacent to Lowe’s.

Waipahu Town Center

Waipahu Town Center

94-050 Farrington Hwy., Waipahu, HI

94-050 Farrington Hwy., Waipahu, HI

1,830 SF corner unit (retail/office) available with 2 private offices and lounge. California Meridian Pacific, Ltd. 1801 Tiburon Blvd. Suite 800 Tiburon, CA 94920 ph: 415-789-5530 / fax: 415-789-5564 Gary L. Pinkston (cell: 415-264-3621) Tracy M. Geraghty (cell: 415-272-3481) page 82

May 22, 2009

The

1,247 SF available with new VCT flooring and ceiling tiles. Ready to move in! Hawaii Meridian Pacific 94-050 Farrington Hwy. Suite E1-3 Waipahu, HI 96797 ph: 808-677-6700 / fax: 808-671-2427 Carol Y. Brack (cell: 808-222-0343)

Melbourne – A center located on West New Haven Avenue has a 3,500 sq.ft. space available. For details, contact Commerce Group, Inc.; 800-456-4952; Email: frontdesk@commerce-group.com. Wilton Manors – Shoppes of Wilton Manors has a 15,423 sq.ft. space available. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: dlewis@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Georgia Albany – Albany Crossroads, a 43,700 sq.ft. community center located on Ledo Road, has spaces available of 1,200 sq.ft.; 3,000 sq.ft.; 3,500 sq.ft. and 6,000 sq.ft. along with a 2,400 sq.ft. restaurant space. Wal*Mart (continued on page eighty-four)

Dealmakers

www.dealmakers.net



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Supercenter shadow-anchors the center. Cotenants include Verizon Wireless, Dollar Tree, Hibbett Sporting Goods, Catherines, EBGames, Hair Cuttery, Honey Baked Ham and Philly Connection. Area retail includes Kohl’s, Tractor Supply Co., Chili’s, Sonic Drive-In, Target, Stein Mart, Publix, Dillard’s, JCPenney, Waldenbooks and Books-A-Million. Area demographics include a population of 60,523 within five miles earning $48,148 as the average household income. The average daily traffic count is 11,420 vehicles. For details, contact Louise Jennings, Real Estate Southeast, LLC, PO Box 681955, Prattville, AL 36068; 334-491-6203, Fax 334-4916210; Email: louise@realestatesoutheast.com; Web site: www.realestatesoutheast.com. Atlanta – Lenox Village has spaces available of 1,430 sq.ft. and 1,540 sq.ft. Macon – Walnut Creek Plaza has spaces available of 2,000 sq.ft. and 6,000 sq.ft. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615;

Georgia

Hawaii

919-518-2000, Fax 919-424-0001; Email: dlewis@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Waipahu – Waipahu Town Center, located at the intersection of Kunia Road and Farrington Highway, has spaces available of 1,247 sq.ft.; 5,624 sq.ft. and 10,000 sq.ft. New Hope Leeward and Longs Drugs anchor the center. Cotenants include Linda Mae Skin Care Salon, Ton Ton Ramen, Upnext Wireless, Debbie’s Jewelry, Beneficial Finance, HawaiiUSA Federal Credit Union, Tasty Korean BBQ, Golden Cut, GNC, Jeans Warehouse, Subway, Territorial Savings Bank, Payless ShoeSource, Office Depot, Koa Pancake House, Aaron’s Rents, AT&T Mobility, Goodyear Tire, American Savings Bank, Taco Bell, Poke Stop, Sizzler, State Farm Insurance, Popeye’s and Fantastic Sams. Trade-area demographics include a population of 800,000. The average daily traffic count is 114,000 vehicles. Also, Willow Plaza Shopping Center, located on Farrington Highway, has a 1,247 sq.ft. space available. For details regarding Waipahu Town Center, contact Gary L. Pinkston or Carol Y. Brack, Meridian Pacific, Ltd., 94-050 Farrington Highway, Suite E1-3, Waipahu, HI

Fayetteville – Banks Crossing, a 256,930 sq.ft. center, has spaces available from 1,400 sq.ft. to 12,068 sq.ft. Cotenants include JCPenney, Kroger, Guitar Center, Farmer’s Furniture and Goodyear. For details, contact Jeffrey James, Lamar Cos., 8900 143rd Street North, Seminole, FL 33776; 727-403-7777, Fax 727-517-2276; Email: jjames@lamarco.com; Web site: www.lamarcompanies.com. Macon – A 4,800 sq.ft. freestanding building located on Bloomfield Road is available. The asking rent is $9.95 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

(continued on page ninety)

LEGEND PROPERTIES

INC.

COMMERCIAL REAL ESTATE

would like to congratulate

J ulius M. Feinblum President of Julius M. Feinblum Real Estate, Inc. on receiving the Gans Memorial Award for 2008. This award honors prominent members of the furniture industry for distinguished service and is presented each year by the Greater New York Home Furnishings Association.

CONGRATULATIONS LEGEND PROPERTIES

INC.

COMMERCIAL REAL ESTATE

SETTING THE STANDARD

Legend Properties, Inc. specializes in: Retail Leasing • Tenant Representation Commercial Land & Building Sales • Investment Sales • Property Management 1001 E. Hector Street, Suite 120 • Conshohocken, PA 19428 | Phone: 610-941-4034 | Fax: 610-941-4038 | www.lpre.com page 84

May 22, 2009

The

Dealmakers

www.dealmakers.net


NEW LEASING OPPORTUNITIES AN EXCITING NEW DEVELOPMENT PROJECT IN A PRIME SOUTHEASTERN PENNSYLVANIA LOCATION

Capture your share of this active market in a premium location – an ideal center of retail opportunity!

Main Street atGranite Run L I F E S T Y L E

C E N T E R

A destination Main Street Lifestyle Center featuring fine stores and restaurants in an upscale village setting. RETAIL

RESIDENTIAL

OFFICE

HOTEL

Located at Route 1 (Baltimore Pike) and Route 452 in Delaware County �

Trade Area Facts & Figures � Population 2008 Estimate: 373,196 � Households 2008 Estimate: 139,121 � Average Household Income Exceeds: $98,949

� Daily Traffic Counts: 65,000 VPD � Primary Trade Area Towns: Chadds Ford,

Concordville, Glen Riddle, Granite Run, Media, Newtown Square, Springfield, and Village Green

WOLFSON VERRICHIA GROUP, INC. Meetinghouse Business Center

120 W. Germantown Pike, Suite 120 � Plymouth Meeting, PA 19462 Tel: 610.277.8899 � Fax: 610.277.8880

Visit us @ ICSC Las Vegas � Booth C 170 M Street



South Hall S1 Las Vegas Convention Center

RECon The Global Retail Real Estate Convention — Floor Plan

t the nex ges two pa re for mo halls exhibit

See

Central Hall C1 C2 Las Vegas Convention Center

Important Dates & Times Sunday, May 17

1pm – 3:30pm ICSC Global Retail Runway

Sunday, May 17

2:30pm

Sunday, May 17

4pm – 6pm ICSC Welcome Reception

Monday, May 18

8:00am

Monday, May 18

12:45pm – 2pm ICSC Luncheon & Guest Speaker (Samuel Zell)

Tuesday, May 19

11am – 12:15pm ICSC Annual Hot Retailers Awards

Tuesday, May 19

12:30pm – 2:15pm ICSC Luncheon & Keynote Presentation

Wednesday, May 20

1:00pm

Trade Show Opens!

Leasing Mall Opens!

Pack it up & go home!

Visit us at S2916 29th Avenue in the South Hall | have some lemonade! | make some deals!


RECon The Global Retail Real Estate Convention — Floor Plan

North Hall Las Vegas Convention Center

CaveomSeome

H Lemonade!

KIN Meeting Rooms

Make Deals! S2916

South Hall S3 Las Vegas Convention Center

things are so bad that… flat is the new up. To read more one-liners, see pages 20 & 21


RECon The Global Retail Real Estate Convention — Floor Plan Central Hall C3 C4 C5 Las Vegas Convention Center

Important Dates & Times Sunday, May 17 Sunday, May 17 Sunday, May 17 Monday, May 18 Monday, May 18 Tuesday, May 19 Tuesday, May 19 Wednesday, May 20

1pm – 3:30pm ICSC Global Retail Runway 2:30pm Trade Show Opens! 4pm – 6pm ICSC Welcome Reception 8:00am Leasing Mall Opens! 12:45pm – 2pm ICSC Luncheon & Guest Speaker (Samuel Zell) 11am – 12:15pm ICSC Annual Hot Retailers Awards 12:30pm – 2:15pm ICSC Luncheon & Keynote Presentation 1:00pm Pack it up & go home!

South Hall S4 Las Vegas Convention Center


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96797; 808-677-6700, Fax 808-671-2427. For details regarding Willow Plaza Shopping Center, contact Carol Y. Brack.

Idaho Boise – A center located at the intersection of Franklin Road and Milwaukee Street has spaces available from 5,250 sq.ft. to 19,120 sq.ft. Area retail includes Best Buy, T.J. Maxx, Michaels, Cabela’s, PetSmart, Office Depot, OfficeMax, Golf Galaxy and Boise Towne Square Mall. Also, a center located at the intersection of Milwaukee Street and Irving Street has spaces available of 20,522 sq.ft. and 30,346 sq.ft. Area retail includes Jo-Ann Fabrics, Cost Plus World Market, Barnes & Noble, The Sports Authority, Home Depot and Boise Towne Square Mall. Pocatello – A center located at the intersection of Highway 91 and Hurley Drive has spaces available from 13,455 sq.ft. to 50,000 sq.ft. Area retail includes Lowe’s Home Improvement, Bed Bath & Beyond, Ross Dress for Less, Famous Footwear, Ashley Furniture, Staples, Wal*Mart and Pine Ridge Mall.

Idaho

Illinois

For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208376-8522; Web site: www.hcollc.com.

building located on North Lincoln Avenue is available. The asking rent is $15 psf. Mundelein – An 8,400 sq.ft. freestanding building located on South Lake Street is available. The asking rent is $8.95 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Nampa – A 12,000 sq.ft. freestanding building located on Nampa Caldwell Boulevard is available. The asking rent is $7.95 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Illinois Burbank – An 8,535 sq.ft. freestanding building located on West 79th Street is available. The asking rent is $13 psf. Danville – A 4,860 sq.ft. freestanding building located on North Vermillion Street is available. The asking rent is $5 psf. Lincolnwood- An 8,000 sq.ft. freestanding

page 90

BiD onLinE

5115-5195 camino al norte | n. Las Vegas, nV 89031

auction

• Camino Al Norte Office Park consists of 10.25 acres of Luxurious Office/Business park surrounded by plush landscape and a relaxing water feature. • Pads only being auctioned! • All Pads Include Complete Set of Building Plans! • All onsite and offsite development is complete.

Previews Date May 16, 2009 from 12:07pm to 4:07pm auctions End May 21, 2009 at 7:15pm ALSO AVAILABLE Multi-Family Residential Parcels near Las Vegas Boulevard!

• All Nevada Power Transformers installed • LV Class A Commercial • Water, sewer, and fire lines all installed May 22, 2009

The

Dealmakers

www.REaBidnow.com www.dealmakers.net

Downers Grove – Marshalls at the Grove, a 400,000 sq.ft. center located at the intersection of 75th Street and Lemont Road, has space available. Niles – Golf Glen Mart, located at the intersection of Golf Road and Dee Road, has a 12,000 sq.ft. outlot available for build-to-suit. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com. Lombard – Lombard Pines Plaza, a 240,000 sq.ft. center situated on 19.5 acres at the intersection of Main Street and Route 38/ Roosevelt Road, has a divisible space of 90,000 sq.ft. available. Jewel/Osco and Enchanted Castle anchor the center. Cotenants include Sam Ash, MB Financial Bank, Weight Watchers, Culver’s Restaurant and Boston Market. Area demographics include a population of 239,940 within five miles earning $94,129 as the average household income. The average daily traffic count is 64,000 vehicles. For details, contact The Sackar Co., 945 West George Street, Chicago, IL 60657; 773-348-7777, Fax 773-348-7774; Emails: sackarcompany@aol.com and leasing@sackarinc.com. Oak Park – A seven-story mixed-use building located on Lake Street has a 2,268 sq.ft. space available. For details, contact McCollom Realty, Ltd., 1010 Lake Street, Oak Park, IL 60301; 708383-6450. Ottawa – A 250,000 sq.ft. center located at the intersection of Interstate 80 and IL Route 23 Diamond Interchange, has expansion space available. Wal*Mart Supercenter anchors the center. Area demographics include a population of 23,133 within five miles earning $48,015 as the average (continued on page ninety-two)



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Space Place Illinois

(continued from page ninety)

household income. For details, contact Retail Realty, LLC, 13990 Olive Boulevard, Suite 102, Chesterfield, MO 63017; 314-2757000, Fax 314-275-7001; Web site: www.retailreal.com. Waukegan – Douglas Centre, located at the intersection of Highway 132/Grand Avenue and McAvee Road, has a 3,920 sq.ft. space available along with divisible spaces of 2,652 sq.ft.; 3,211 sq.ft. and

Illinois

Indiana

28,153 sq.ft. Lewis Food Market shadowanchors the center and cotenants include Best Com, King’s Buffet, Taco El Norte, H&R Block, Star Nails, Quick Cash, Rent-A-Center and J-Mart Beauty Supply. Area demographics include a population of 116,553 within three miles earning $63,923 as the average household income. The average daily traffic count is 65,000 vehicles. For details, contact Arlene Wasserman, Douglas Realty, Inc.; 800-466-1460; Email: dcdri@sbcglobal.net.

Crawfordsville – Crawfordsville Square, a 297,542 sq.ft. strip center situated on 26.42 acres at the intersection of U.S. 231/South Washington Street and South Boulevard, has spaces available of 8,962 sq.ft.; 18,592 sq.ft. and 54,188 sq.ft. along with outlots of 3,800 sq.ft.; 2.59 acres and 3.32 acres. Kroger, Hibbett Sporting Goods, Thrifty’s, Goodwill Industries and Staples anchor the center. Cotenants include Taylor Lanes, H&R Block, Blockbuster Video and Great Clips. Area retail includes Wal*Mart Supercenter and Home Depot. Area demographics include a population of 33,046 within 10 miles earning $60,745 as the average household income. The average daily traffic count is 9,310 vehicles. The asking rent is $14 psf NNN with CAM of $1.72 psf and taxes of $2.03 psf. Fort Wayne – Covington Plaza, a 183,806 sq.ft. strip center situated on 26.5 acres at the intersection of West Jefferson Boulevard and Covington Road, has spaces available of 6,475 sq.ft.; 10,500 sq.ft. and 22,300 sq.ft. along with a 0.95-acre outlot. The Fresh Market and Office Depot anchor the center. Cotenants include GNC, Anytime Fitness, Honey Baked Ham and Jophiel. Area demographics include a population of 267,046 within 10 miles earning $66,846 as the average household income. The average daily traffic count is 36,500 vehicles. The asking rent ranges from $12 psf to $14 psf with CAM of $2.40 psf and taxes of $1.96 psf. For details, contact Jeffrey James, Lamar Cos., 8900 143rd Street North, Seminole, FL 33776; 727-403-7777, Fax 727-517-2276; Email: jjames@lamarco.com; Web site: www.lamarcompanies.com.

www.ezcorp.com Aggressively growing domestically as well as in Mexico. Come hear the corporate story, learn about our current & future growth plans, and submit your properties to: James Rose, Vice President of Property Management james_rose@ezcorp.com

Barbara Lampley, Director of Real Estate barbara_lampley@ezcorp.com

Rick Thompson, Senior Real Estate Manager rick_thompson@ezcorp.com

Raúl Añorve, Real Estate Director - Mexico raul_anorve@ezcorp.com

Ken Ormsby, Real Estate Manager - Mexico ken_ormsby@ezcorp.com

For an appointment at RECon, call Erin Parker at 512-314-3448 or email erin_parker@ezcorp.com Visit us at ICSC RECon | South Hall - Level 2, Booth S402 N Street page 92

May 22, 2009

The

Dealmakers

www.dealmakers.net

Kentucky Ashland – Russell Centre, a 272,000 sq.ft. center located at the intersection of Diederich Boulevard and Route 23, has a planned 21,000 sq.ft. expansion space available along with a 5,000 sq.ft. pad site. Lowe’s Home Improvement and Super Kroger anchor the center. Richmond – Richmond Plaza, a 107,000 sq.ft. center located at the intersection of U.S. Highway 25 and Eastern Bypass, has space available. Super Kroger and Blockbuster Video anchor the center. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com. Florence – Village at the Mall, an 87,364 sq.ft. strip center situated on 14.074 acres at the intersection of KY State Route 18 and Mall (continued on page ninety-four)


NEW LEASING OPPORTUNITIES An exciitng new development project in a prime southern new jersey location

Capture your share of this untapped market in two adjacent shopping centers: a Main Street Lifestyle Center and a superstore Power Center. Together, it’s one great center of retail opportunity!

Main Street at Woolwich

Woolwic h WC Commons

LIFESTYLE CENTER

POWER CENTER

870,000 sf

740,000 sf

A destination village designed with traditional brick architecture, where shoppers stroll upscale specialty shops and cafes.

A convenient complex of superstores, where shoppers enjoy national retailers and restaurants.

Located at the northeast corner of Routes 322, Kings Way, and the New Jersey Turnpike Exit 2 interchange. � Main Street at

� Trade Area Facts & Figures

Woolwich Lifestyle Center to include:

� Population 2008 Estimate: 200,095

� Households 2008 Estimate: 74,318 � Avg. HH Income Exceeds: $72,827

� Department Stores

� Fitness Center � Movie Theatre

� Daily Traffic Counts: 52,000 VPD � New & Approved Housing Units: 14,000 � Primary Trade Area Townships: East Greenwich, Elk, Logan, Mantua, Mullica Hill, Pilesgrove, South Harrison and Woolwich

� New Residences � Restaurants

WOLFSON VERRICHIA GROUP, INC. Meetinghouse Business Center

120 W. Germantown Pike, Suite 120 � Plymouth Meeting, PA 19462 Tel: 610.277.8899 � Fax: 610.277.8880

Please visit us at ICSC Las Vegas � Booth C 170 M Street For informational purposes only. These tenants are representative of our retail centers and may be subject to change.


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Space Place Kentucky

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Road, has spaces available of 2,000 sq.ft. and 18,095 sq.ft. along with outlots of 3,594 sq.ft. and 0.5 acres. The Tile Shop, Honey Baked Ham, Sprint, Pier 1 Imports and Dollar Tree anchor the center. Cotenants include Chipotle, Casual Male XL and Original Mattress Factory. Area demographics include a population of 354,933 within 10 miles earning $77,706 as the average household income. The average daily traffic count is 72,496 vehicles. The asking rent ranges from $7 psf to $14 psf NNN with CAM of $2.34 psf and taxes of $0.87 psf. For details, contact Jeffrey James, Lamar Cos., 8900 143rd Street North, Seminole, FL 33776; 727-403-7777, Fax 727-517-2276; Email: jjames@lamarco.com; Web site: www.lamarcompanies.com.

Louisiana Baton Rouge – A center located on Airline Highway has a 1,750 sq.ft. space available. For details, contact Commerce Group, Inc.; 800-456-4952; Email: frontdesk@commerce-group.com.

Louisiana

Maryland

Schreveport – A 55,000 sq.ft. freestanding building located on Mansfield Road is available. The asking rent is $3.25 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

has space available. Trade-area demographics include a population earning $109,161 as the average household income. Also, Hilltop Plaza has space available. Tradearea demographics include a population earning $109,161 as the average household income. Also, Main Street Market has space available. Trade-area demographics include a population earning $109,161 as the average household income. Also, Pointer Ridge Plaza has space available. Trade-area demographics include a population earning $109,161 as the average household income. For details, contact John Henry King, City of Bowie, MD, 2614 Kenhill Drive, Bowie, MD 20715; 301-809-3042, Fax 301-8092315; Email: jhking@cityofbowie.org. For additional details regarding Bowie Plaza, contact Brian Greene; 703-442-4300. For additional details regarding Collington Plaza, contact Marcus Bourn; 703-442-4500 Ext. 20. For additional details regarding Hilltop Plaza, contact Bruce I. Leving; 410-486-0800 Ext. 216. For additional details regarding Main Street Market, contact Sam Pan; 301657-7352. For additional details regarding Pointer Ridge Plaza, contact Will Collins; 571-382-1290.

Maryland Baltimore – A 1.2 million sq.ft. mixed-use center located within the Inner Harbor area has space available. For details, contact Arc Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973249-1000, Fax 973-249-1001; Web site: www.arcproperties.com. Bowie – Bowie Plaza has space available. Trade-area demographics include a population earning $109,161 as the average household income. Also, Collington Plaza

JOIN NEW WAL*MART SUPERCENTERS IN PREMIER MIDWEST REGIONAL POWER CENTERS LOCATED IN MISSOURI AND ILLINOIS Retail Realty is pleased to present retail shop space, out-lots, office, hotel and build-to-suit opportunities in the following locations: LAKE SAINT LOUIS, MO

OZARK, MO

550,000 s.f. development, fronting I-64 in the fastest growing county in Missouri. Other tenants include Lowes and Sports Authority. 5-mile population: 94,489, Avg. Income: $81,040

350,000 s.f. retail power center, including Lowes, located at the intersection of Highway 65 and 19th Street, excellent highway visibility from Highway 65 and outstanding traffic counts. 5-mile population: 34,598, Avg. Income: $51,907

WOOD RIVER, IL

OTTAWA, IL

310,000 s.f. development located along Rt. 111 adjacent to Interstate 255. The Center has an OfficeMax and approx. 65,000 s.f. of retail space, with Phase II planned. 5-mile population: 55,551, Avg. Income: $46,129

250,000 s.f. development located along Interstate 80 at IL Rte 23 Diamond Interchange, approximately 43,000 s.f. of existing retail with an additional 40,000 s.f. planned. 5-mile population: 23,133, Avg. Income: $48,015

Hagerstown – Long Meadow Shopping Center, a 243,000 sq.ft. center located at the intersection of Route 60/Potomac Avenue and Northern Avenue, has an anchor space available along with a pad site and outlot. Ashley Furniture, CVS and PA Dutch Market anchor the center. Randallstown – Brenbrook Plaza, a 139,000 sq.ft. center located at the intersection of Liberty Road and Brenbrook Drive, has space available. Home Depot anchors the center. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com.

Massachusetts Clinton – Spaces and outparcels are available. For details, contact Rob Mehlich, Jr., Mehlich Associates Commercial Real Estate Investments; 914-793-5050; Web site: www.mehlichassoc.com.

Michigan RETAIL REALTY, LLC 13990 OLIVE BLVD., SUITE 102 CHESTERFIELD, MO 63017 314-275-7000 (T) / 314-275-7001 (F) www.retailreal.com

Detroit – Grandland Shopping Center, a 51,320 sq.ft. center located at the intersection of Grand River Avenue and Fenkell Road, has space available. Aco Hardware and Dots anchor the center. Flint – Kmart (continued on page ninety-six)

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Strength and Experience, lets build on it together… • • • •

NORWOOD SQUARE Park Forest, IL

o Major Redevelopment to 130,000 SF center o Anchor and junior anchor boxes available

FLINTRIDGE CENTER Fairfield, AL

o Major upgrade to 300,000 SF Shopping Center o Anchor & Junior Anchor Space Available o Great super market location

CEDAR VILLAGE

Holland, MI o Renovation of 217,000 SF Shopping Center o Anchor & Junior Anchor Spaces Available o Great super market location

Portfolio of 5 Million Square Feet Retail Great Leasing Opportunities At Reasonable Rates Anchor and Junior Anchor Spaces Available We Are Looking To Acquire More Centers GRIFFITH PARK PLAZA Griffith, IN

o Renovation of 240,000 SF Shopping Center o New pad site addition o Supermarket and Junior Anchor Spaces Available

GREENFIELD COMMONS

Southfield, MI o Major redevelopment of a former JC Penney box and 17,000 SF pad site on Greenfield Rd o Adjacent to major regional mall

NORTHLAND PLAZA Columbus, OH

o Renovation of 200,000 SF Shopping Center o Anchor Space and/or Backfill Vacant Boxes Available

FELBRAM PLAZA NORTH

HAMILTON PLAZA

Indianapolis, IN

o Renovation of 2 Shopping Centers across street from each other o Total 213,000 SF o Anchor & Junior Anchor Space Available

CANTON CENTRE

Canton, OH o De-Malling of 450,000 SF retail space. Phase I & II completed. o Anchor & Junior Anchor Space Available

Hamilton, OH

o Facade Upgrade to 207,000 SF Shopping Center o New Pad Site Additions o Junior Anchor Space Available

Contact us: Leasing@NassimiRealty.com Acquisitions@NassimiRealty.com

2009 Redevelopment Projects

Contact us to discuss your 2009 leasing opportunities.

See us at ICSC Las Vegas, Booth # S240 R Street South Hall

7 Penn Plaza, Suite 1700, New York, NY 10001 Phone (212) 643-8080 Fax (212) 643-2626 www.NassimiRealty.com


Space Place

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Michigan (continued from page ninety-four)

Plaza, a 138,400 sq.ft. center located at the intersection of Dort Highway and Atherton Highway, has space available. Livonia – Office Depot Plaza, a 108,820 sq.ft. center located at the intersection of Plymouth Road and Middlebelt Road, has space available. Office Depot, Party City and Walgreens anchor the center. Muskegon – Muskegon Shopping Center, a 187,000 sq.ft. center located at the intersection of Henry Street and Norton Avenue, has anchor space available. Port Huron – Port Huron Shopping Center, a 118,000 sq.ft. center located at the intersection of Howard Street and 24th Street, has anchor space available along with an outlot. Big Lots, Save-A-Lot and Family Dollar anchor the center. Redford – Redford Plaza, a 114,865 sq.ft. center located at the intersection of Plymouth Road and Inkster Road, has anchor space available along with an outlot. Farmer Jack and CVS anchor the center. Saginaw – Saginaw Square, a 50,835 sq.ft. center located at the intersection of Tittabawasse Road and Bay Road, has a former Media Play site available. Target, Jo-Ann Fabrics and Staples anchor the center. Sandusky – Kmart

Michigan

Michigan

Shopping Center, a 176,248 sq.ft. center located at the intersection of M-19 and Gates Road, has anchor space available. Southgate – A 60,800 sq.ft. freestanding building located at the intersection of Fort Street and Burns Avenue is available. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com.

Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Lansing – A 4,000 sq.ft. freestanding building located on South Cedar Street is available. The asking rent is $9.50 psf. Livonia – A 7,000 sq.ft. freestanding building located on Plymouth Road is available. The asking rent is $6.60 psf. Muskegon – A 5,000 sq.ft. freestanding building located on East Apple Avenue is available. The asking rent is $9.95 psf. Port Huron – An 8,400 sq.ft. freestanding building located on North 24th Avenue is available. The asking rent is $6.75 psf. Sterling Heights – A 1,700 sq.ft. freestanding building located on Van Dyke Avenue is available. The asking rent is $9.95 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin

HorIzoN ToWN CeNTer

H

orizon Town Center is a rare dualanchored community retail center investment opportunity located in Henderson, Nevada. This offering includes a 105,134 square foot, grocery-anchored, multi-tenant shopping center with a Bank of America pad. It is adjacent to a new Walgreens. This exceptional center is located on Boulder Highway at a new signalized intersection, the major retail corridor for Henderson and the southeast Las Vegas area.

space available

Great Clips Green Valley Carpet IHoP restaurant JP Morgan Chase Lowe’s Tomfoolery

ron Lachman (415) 302-1177 ronlachman@yahoo.com www.horizontowncenter.com May 22, 2009

The

Oak Park Heights – Oak Park Ponds, a 105,645 sq.ft. strip center situated on 17.1 acres at the intersection of Highway 36 and Highway 5, has spaces available of 4,068 sq.ft.; 7,295 sq.ft. and 24,851 sq.ft. Kowalski’s Market, The UPS Store, Oak Wine & Spirits and Domino’s anchor the center. Cotenants include Hollywood Video, Regis Salon and Turbo Nails. Area retail includes Wal*Mart Supercenter and Target. Area demographics include a population of 254,961 within 10 miles earning $97,255 as the average household income. The average daily traffic count is 50,000 vehicles. The asking rent ranges from $12 psf to $14 psf NNN with CAM of $2.13 psf and taxes of $3.07 psf. For details, contact Jeffrey James, Lamar Cos., 8900 143rd Street North, Seminole, FL 33776; 727-403-7777, Fax 727-517-2276; Email: jjames@lamarco.com; Web site: www.lamarcompanies.com.

Jackson – Meadowbrook Crossing, a 100,000 sq.ft. center located at the intersection of Meadowbrook Road and North State Street, has a 67,000 sq.ft. space available. Cotenants include CVS occupying a pad site. Area retail includes Piggly Wiggly, Dollar General, Advance America and Simply Fashions. Area demographics include a population of 68,861 within three miles earning $54,628 as the average household income. The average daily traffic count is 30,700 vehicles. For details, contact Redd Realty Services; 404-841-0123, Fax 404-841-0127.

current Tenants

page 96

Falcon Heights – An 8,400 sq.ft. freestanding building located on West Larpenteur Avenue is available. The asking rent is $12 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Mississippi

7,200 SF (divisible to 2,000 SF) All State Bank of America Big 5 Sporting Goods eB Games Food 4 Less Future Nail Salon

Minnesota

(continued on page ninety-eight)

Dealmakers

www.dealmakers.net


BECOME LEGENDARY! LEGEND PROPERTIES

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SETTING THE STANDARD in the commercial real estate industry RECon The Global Retail Real Estate Convention Visit us at LAS VEGAS CONVENTION CENTER

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Legend Florida, LLC Deerfield Beach | Phone: 954/414-8099 www.LPRE.com


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Space Place Missouri

(continued from page ninety-six)

Lake Saint Louis – A 550,000 sq.ft. center located on Interstate 64 has space available. Cotenants include Wal*Mart Supercenter, Lowe’s Home Improvement and The Sports Authority. Area demographics include a population of 94,489 within five miles earning $81,040 as the average household income. Ozark – A 350,000 sq.ft. power center located at the intersection of Highway 65 and 19th Street, has space available. Cotenants include Wal*Mart Supercenter and Lowe’s Home Improvement. Area demographics include a population of 34,598 within five miles earning $51,907 as the average household income. For details, contact Retail Realty, LLC, 13990 Olive Boulevard, Suite 102, Chesterfield, MO 63017; 314-2757000, Fax 314-275-7001; Web site: www.retailreal.com.

Montana Glendive – West Plaza has space available. Kmart anchors the center.

Montana

New Jersey

For details, contact Mall Properties, Inc., 654 Madison Avenue, New York, NY 10065; 212-935-1330, Fax 212-832-5369; Web site: www.mallproperties.com.

Brick Township – A 2,601 sq.ft. freestanding building located on Route 70 is available. The asking rent is $18 psf. Newton – A 19,311 sq.ft. freestanding building located on Nelson Street is available. The asking rent is $7.75 psf. Toms River – A 2,700 sq.ft. freestanding building located on Route 37 East is available. The asking rent is $18 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Nevada Henderson – Horizon Town Center, a 105,134 sq.ft. center located on Boulder Highway, has a divisible space of 7,200 sq.ft. available. Cotenants include Allstate Insurance, Anna’s Linens, Bank of America, Big 5 Sporting Goods, EBGames, Food 4 Less, Great Clips, Green Valley Carpet, IHOP, Tomfoolery and WaMu. For details, contact Ron Lachman; 415302-1177. Las Vegas – Kmart Plaza, a 95,795 sq.ft. center located at the intersection of East Sahara Avenue and McLeod Drive, has a 9,316 sq.ft. outparcel available. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com.

wANTed

Real estate Investments Throughout North America Net Leased Investment Properties of All Types: Retail • Office Industrial • Commercial Buildings 10 to 15 Year Lease Term

Prepared to close quickly. Office: (514) 871-9414 Fax: (514) 871-9506 Bob Bassel Cell: (514) 946-9473 Bob Bassel Realties, Inc. 1312 St. Catherine Street West Email: info@bobbassel.com Suite 318 Montreal, Quebec, Canada H3G 1P6

page 98

May 22, 2009

The

Dealmakers

www.dealmakers.net

East Brunswick – Miracle Mall, a 100,000 sq.ft. center, has spaces available from 10,000 sq.ft. to 64,000 sq.ft. Eatontown – Plaza 35, a 45,000 sq.ft. center, has spaces available of 2,450 sq.ft. and 3,900 sq.ft. Edgewater Park – Pathmark Space, a 54,779 sq.ft. center, has spaces available from 1,500 sq.ft. to 24,779 sq.ft. Elizabeth – A 74,000 sq.ft. Toys “R” Us (continued on page one hundred)


It’s true – the retail real estate market has changed.

Are you

oVerPayIng for your leases?

"Prime Locations’ follow-up is excellent... We’re still using their valuation template after 10 years!" - Karen Smith Group VP Real Estate Rite Aid

VISIT our webSITe To reaD our reCenTly PublISheD whITe PaPer on helPIng healThy reTaIlerS beTTer unDerSTanD TheIr oPTIonS.

The dramatic changes in commercial real estate could present opportunities for healthy retailers. Now is the time to review your portfolio and look for ways to save money. Prime Locations produces millions of dollars of savings for clients through valuations, appraisals, lease renegotiations and prompt disposition of under-performing properties. All we do is excess real estate – and our ten professionals have more than 200 combined years of experience in the disposition of surplus property! Our clients know us to be knowledgeable and tough-minded when it comes to lease negotiations.

Services Include: • Lease re-negotiations • Subleasing or reassignments • Speedy sale of owned properties

Right now, Prime Locations is helping retail clients with the following services:

• Sale/leaseback programs

• Renegotiation of Overmarket Rents – We empower your landlord discussions using a research-based approach to establish the new market rates.

• Expert testimony on property values

• Key Tenant or Co-Tenancy Clause – loss of an anchor tenant in your center may give you contractual opportunities, such as switching to percentage rent. We can help you negotiate a better program. • Landlord Refinancing/Attornment and Estoppel Agreements – If your landlord refinances, you could be asked to sign new agreements, and this presents opportunity. We know what to ask for and how to get it for you.

Call 972-523-2812 to arrange a meeting at the ICSC Convention.

Jim Matthews, President 100 Crescent Court 7th Floor Dallas, TX 75201 www.primelocationsllc.com (972) 412-2997


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Space Place New Jersey

(continued from page ninety-eight)

has a 27,000 sq.ft. space available. Freehold – Renaissance Plaza, a 164,456 sq.ft. center, has space available. Green Brook – Wood Gym Playhouse, a 28,000 sq.ft. center, has a 14,000 sq.ft. space available. Also, Arthur Plaza, a 40,000 sq.ft. center, has spaces available from 2,500 sq.ft. to 5,000 sq.ft. Jackson – Romeo Plaza, a 40,000 sq.ft. center, has spaces available of 800 sq.ft. and 4,200 sq.ft. Little Falls – AVI Building, a 4,960 sq.ft. center, has an 1,800 sq.ft. space available. Manahawkin – Day Plaza, a 10,000 sq.ft. center, has spaces available from 1,050 sq.ft. to 2,850 sq.ft. Manalapan – Manalapan Epi Centre, a 460,000 sq.ft. center, has a 6,200 sq.ft. space available. Marlboro – Dutch Reform Chapel, a 5,000 sq.ft. center, has spaces available of 1,300 sq.ft. and 3,700 sq.ft. Also, Exclusive Plaza, a 54,624 sq.ft. center, has spaces available from 1,200 sq.ft. to 6,000 sq.ft. Metuchen – A 1,200 sq.ft. space is available. Middletown – Romeo Plaza, an 80,000 sq.ft. center, has spaces available of 1,500 sq.ft. and 2,000 sq.ft. New Providence – Spaces from 5,000 sq.ft. to 27,000 sq.ft. are available. Ocean –

New Jersey

New Jersey

A 21,000 sq.ft. former Jason’s Furniture site is available. Also, a 5,000 sq.ft. freestanding building located on Route 35 South is available. Red Bank – Garmany Building, a 10,000 sq.ft. center, has a 1,400 sq.ft. space available. Also, a 16,000 sq.ft. center located on Broad Street has spaces available from 1,275 sq.ft. to 8,000 sq.ft. Sayreville – Rome Plaza, a 10,000 sq.ft. center, has a 1,600 sq.ft. space available. Shrewsbury – A 41,902 sq.ft. former Foodtown is available for sublease. Tinton Falls – A 16,612 sq.ft. former Velocity is available for sublease. Union – Petco Center, a 47,140 sq.ft. center, has a 24,844 sq.ft. space available. Washington Township – WOW Plaza, a 12,000 sq.ft. center, has spaces available from 1,600 sq.ft. to 4,800 sq.ft. Wayne – Wayne Plaza Shopping Center, a 97,842 sq.ft. center, has spaces available of 2,000 sq.ft. and 6,000 sq.ft. Willingboro – Willingboro Grand Marketplace, a 231,000 sq.ft. center, has spaces available from 1,500 sq.ft. to 200,000 sq.ft. For details, contact R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-721-9241; Web site: www.njretailrealty.com.

East Windsor – Royal Plaza has a 2,000 sq.ft. space available. Cotenants include City Streets Café, CitiFinancial and Allstate Insurance. Edison – Edison Plaza has spaces available from 2,816 sq.ft. to 2,867 sq.ft. Cotenants include ShopRite, Party Fair and Capital One Bank. Linden – Aviation Marketplace has a 9,320 sq.ft. space available. Cotenants include Target, Home Depot, ShopRite and AMC Theatres. Plainsboro – Princeton Meadows has spaces available from 1,163 sq.ft. to 1,750 sq.ft. Cotenants include Asian Food Market, Subway and Kumon Learning Center. For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.milbrookproperties.com.

CE A P S W NO BLE ILA A V A

(continued on page one hundred two)

Waukegan, Illinois (located north of Chicago)

Douglas Centre

BROK ERS! FuLL COMM iSiON

2,652 s.f. AVAILABLE (will divide to 1,326 s.f. each) 3,211 s.f. AVAILABLE (will divide to 1,482 s.f. or 1,729 s.f.) | 3,920 s.f. AVAILABLE 28,153 s.f. AVAILABLE (will divide from 6,000 s.f. and up)

2603 - 2709 Grand Avenue

Average Family Income: 1 mile radius: $60,742 3 mile radius: $63,923

McArec Road

65,000 cars per day Ample parking L SiGN Population: DiGiTA ANT 1 mile radius: 22,035 FOR TEN G 2 mile radius: 73,389 ADVERTiSiN 3 mile radius: 116,553

lewis food market* 82,000 s.f.

Can be one unit

*

* not owned by douglas Centre

Arlene Wasserman Leasing Agent Call: 1-800-466-1460

page 100

Edison – A center located on U.S. Route 1 has a divisible space of 8,443 sq.ft. available. Maple Shade – A center located

TENANTS • Dr. Parreno Clinic

• Star Nails

• VPAS Dental

• Quick Cash

Contact Arlene for more information

• Best Com

• Accelerated Health Systems

Office Email: dcdri@sbcglobal.net

• King’s Buffet

• Rent-A-Center

My cell phone # is Arlene (414) 305-6580

• Taco El Norte

• J-Mart Beauty Supply

May 22, 2009

The

Dealmakers

• H&R Block www.dealmakers.net


WE BUY FREESTANDING BUILDINGS KIN

All Shapes

Kin Properties

Retail, Industrial, Office

KIN

Privately Held Commercial Real Estate Company Owners of 850 Buildings with 30,000,000 SQFT In Business For Nearly 50 Years Cash Buyer; Can Close FAST

All Sizes

3,000 - 1,000,000+ sqft

KIN

WHAT WE BUY

Freestanding, Single Tenant Buildings Credit or Non-Credit Tenants 3+ Years Of Term Left Below Market Rents

All Over

KIN

The Continental United States

1.888.KIN.PROP JEFFREY SANDELMAN

WHO WE ARE

President (561) 620-9200 ext 101 jsandelman@kinproperties.com

We Will Also Consider Fee (Subject To Ground Leases), Power Centers or Sale/Lease Back Portfolios Visit us at the ICSC convention in Las Vegas Booth #S2916 29th Avenue (south hall - upper level)

KEY CONTACTS FOR ACQUISITIONS: ANDREW SCHREIER

Executive Vice President (561) 620-9200 ext 103 aschreier@kinproperties.com

LEE CHERNEY

Senior Vice President (561) 620-9200 ext 111 lcherney@kinproperties.com

185 NW Spanish River Blvd. Suite 100 Boca Raton Florida 33431 Phone: 561.620.9200 Fax 561.955.9921 www.kinproperties.com


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Space Place New Jersey

(continued from page one hundred)

on South Lenola Road has a divisible space of 8,000 sq.ft. For details, contact Commerce Group, Inc.; 800-456-4952; Email: frontdesk@commerce-group.com. Galloway – Spaces are available. Manchester – Spaces are available. Toms River – Spaces are available. Whiting – Spaces are available. For details, contact Kay Realty Services, LLC; 732-918-1148; Web site: www.kayrealtyholdings.com. Garwood – A center located at the intersection of North Avenue and Chestnut Street has space available. Mt. Laurel – A mixed-use center situated on 44 acres at the intersection of Route 73 and Fellowship Road has space available. For details, contact Arc Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973249-1000, Fax 973-249-1001; Web site: www.arcproperties.com. Manahawkin – BJ’s Shopping Center, a 159,502 sq.ft. center, has pad sites available.

New Jersey

New York

BJ’s Wholesale Club shadow-anchors the center and cotenants include Sonic Drive-In. Area retail includes Staples, Pathmark, Pier 1 Imports and Wal*Mart. For details, contact George Wisnoski, Fameco Real Estate, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793.

Fitness and Fitness Together. Brooklyn – A center located on Nostrand Avenue has spaces available from 1,500 sq.ft. to 4,000 sq.ft. Area retail includes Pathmark, 7-Eleven, Citibank, Dunkin’ Donuts, Party City and Sleepy’s. Fishkill – The Shopps at Nine, located at the intersection of Route 9 and Route 52, has spaces available from 1,000 sq.ft. to 8,100 sq.ft. along with pad sites. Harriman – Woodbury Centre, located on Route 17/6, has spaces available from 5,000 sq.ft. to 31,000 sq.ft. Cotenants include Kohl’s, Modell’s, Michaels, Staples and Eileen Fisher. Hopewell Junction – Hopewell Plaza, located on Route 82, has a 3,800 sq.ft. space available along with a pad site. Cotenants include CVS and GNC. Middletown – Campbell Plaza, located on Route 17M/Dolson Avenue, has spaces available from 1,185 sq.ft. to 12,600 sq.ft. including an endcap with drive-thru potential. ShopRite anchors the center and cotenants include Fashion Bug and RadioShack. Newburgh – Newburgh Towne Center, located on Route 300, has spaces available of 1,400 sq.ft. and 1,700 sq.ft.

Paramus – Fashion Center has space available. Bed Bath & Beyond and T.J. Maxx anchor the center. For details, contact Mall Properties, Inc., 654 Madison Avenue, New York, NY 10065; 212-935-1330, Fax 212-832-5369; Web site: www.mallproperties.com.

New York Airmont – A three-acre parcel located on Route 59 is available for ground lease. Wal*Mart and ShopRite shadow-anchor the site. Area retail includes Dunkin’ Donuts and Citizens Bank. Also, Colonial Square, a 35,000 sq.ft. center located on Route 59, has spaces available from 1,400 sq.ft. to 5,600 sq.ft. Cotenants include Trustco Bank, Planet

Matthew E. Kasindorf, Esq. Co-Chair Real Estate Department Actively Serving the Real Estate Community for Over 25 Years 2 Grand Central Tower 140 East 45th Street, 19th Floor New York, NY 10017 Telephone (212) 655-3500 Facsimile (212) 655-3535 page 102

May 22, 2009

The

Dealmakers

www.dealmakers.net

(continued on page one hundred four)



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Space Place New York

(continued from page one hundred two)

Super Stop & Shop anchors the center and cotenants include Marshalls and dressbarn. New Windsor – A 22,000 sq.ft. freestanding building situated on 1.53 acres on Route 32/ Windsor Highway is available. Area retail includes ShopRite and Kmart. Poughkeepsie – A center located on Main Street has spaces available from 2,850 sq.ft. to 14,000 sq.ft. Also, Ashton Park, located on Route 9, has spaces available from 2,400 sq.ft. to 18,000 sq.ft. along with pad sites. Saugerties – Saugerties Plaza, located on Route 212/32,

New York

New York

has spaces available from 4,400 sq.ft. to 32,400 sq.ft. along with a pad site. Cotenants include CVS, Blockbuster Video and Subway. Wappingers Falls – Lafayette Plaza, located on Route 9, has spaces available from 1,900 sq.ft. to 25,000 sq.ft. Cotenants include Party City and Quiznos. Area retail includes Kohl’s, Home Depot and Hannaford. The average daily traffic count is 45,000 vehicles. Yonkers – Centfort Plaza, located on Central Avenue, has a 2,500 sq.ft. space available. Cotenants include GameStop, Blinds to Go, The Vitamin Shoppe and WaMu. Also,

Highridge Plaza, located on Central Avenue, has a 1,500 sq.ft. space available for sublease. ShopRite anchors the center and cotenants include The UPS Store, Weight Watchers, Golden Krust and McDonald’s. For details, contact Jeff Kintzer, David Landes, Scott Meshil or Craig Benson, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-2373403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com.

REDD REALTY SERVICES

Meadowbrook Crossing — Jackson, MS Meadowbrook Crossing is a 100,000 SF shopping center that has been re-developed in the heart of northwest Jackson, Mississippi. The site is located at Meadowbrook and North State Street. A new free-standing CVS will open February 1, 2009. The center has a 67,000 SF vacancy that is available for immediate occupancy. Area retailers include Piggly Wiggly, Dollar General, Advance America and Simply Fashions. 1 mile 3 miles

Population 9,328 68,861

Income $46,116 $54,628

Traffic North State: 17,000 ADT Meadowbrook: 13,700 ADT

Roanoke Rapids Crossing — Roanoke Rapids, NC Roanoke Rapids Crossing is a 75,000 SF shopping center that is being re-developed with a new free-standing CVS. There is a 10,500 SF and 54,000 SF anchor space available that can sub-divided. The site is located at 10th Street and Park Avenue. Other tenants include Rent-A-Center, Alltel Wireless, Wagonlit Travel and Bob’s One-Hour Photo. 1 mile 3 miles

Population 7,453 20,412

Income $48,006 $44,488

Traffic 10th Avenue: 17,000 ADT

For Leasing Information, Please Call TEL: 404-841-0123 FAX: 404-841-0127

Albany – Northway Mall, a 600,000 sq.ft. center, has space available. Cotenants include Target, Marshalls, Jo-Ann Etc., Staples, David’s Bridal, BJ’s Wholesale Club, Petco, dressbarn and Eddie Bauer Outlet. Babylon – Great South Bay, a 500,000 sq.ft. center, has space available. Cotenants include Bed Bath & Beyond, Marshalls, Ann Taylor Loft, Panera Bread, Bath & Body Works and The Children’s Place. Also, King Kullen Plaza has space available. King Kullen anchors the center. Bronx – Parkchester Retail District, a mixed-use development featuring a 650,000 sq.ft. retail component, has space available. Cotenants include Macy’s. New York – Savoy Shops, a 65,000 sq.ft., three-story center located on Third Avenue between 60th Street and 61st Street, has space available. Cotenants include Dylan’s Candy Bar. For details, contact Mall Properties, Inc., 654 Madison Avenue, New York, NY 10065; 212-935-1330, Fax 212-832-5369; Web site: www.mallproperties.com. Brooklyn Heights – The Shops at One Brooklyn Bridge Park, a mixed-use development, has space available from 800 sq.ft. to 30,000 sq.ft. New York – A 137,000 sq.ft. mixed-use building located on West 14th Street has a 7,363 sq.ft. space available. Area retail includes Apple, Hugo Boss, Moschino, Puma, Diane Von Furstenberg, Scoop and La Perla. For details regarding the Brooklyn Heights property, contact Diana D. Boutross, Winick Realty Group, 655 3rd Avenue, New York, NY 10017; 212-792-2600; Email: diana@winick.com;Website:www.winick.com. For details regarding the New York property, contact Kelly Gedinsky or Lori Shabtai; 212792-2637; Email: kelly@winick.com; Web site: www.450w14.com. Franklyn Square – Franklyn Plaza has a 3,200 sq.ft. space available. Cotenants include King Kullen, Rite Aid, Subway, Baskin Robbins and Supercuts. Henrietta – A center has space available. (continued on page one hundred six)

page 104

May 22, 2009

The

Dealmakers

www.dealmakers.net


ICSC Visit us at 09 RECon 20

S3 South Hall Ave. 16 29th Booth S29

ovER 55,000

REAch REtAil REAl EstAtE dEcision MAkERs with jUst onE click. What makes a Dealmakers E-Blast different?

• Unlike other companies, there are no templates. Each blast is designed specifically for your company. • You can supply your own blast, keeping it consistent with your other marketing materials. • Most blasts can be turned around within 48 hours.

And best of all… • YoU dEcidE whEn to sEnd it. You’re not put into a queue with no idea when it has been sent.

Find oUt whAt ElsE sEts Us ApARt FRoM thE coMpEtition call Alyson parker at 1-800-732-5856


Space Place

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New York (continued from page one hundred four)

Wal*Mart and Sam’s Club shadowanchor the center. Area retail includes Wegmans, Marshalls, Target, Lowe’s Home Improvement, Kohl’s, Regal Cinemas and Market Place Mall. Lake Grove – Smith Haven Plaza has spaces available of 6,000 sq.ft. and 38,000 sq.ft. Cotenants include Bed Bath & Beyond, Ulta, Pier 1 Imports, The Avenue, Men’s Wearhouse and AT&T Mobility. Levittown – Levittown Mews has spaces available of 1,500 sq.ft. and 3,200 sq.ft. Cotenants include Waldbaum’s, Ulta, Van Heusen, Leslie’s Pools, Dots, Citibank, Lane Bryant, H&R Block and Italian Affair. Plainview – Woodbury Plaza has spaces available of 3,100 sq.ft. and 6,700 sq.ft. Cotenants include Bed Bath & Beyond, Trader Joe’s, Gap, CVS, Cosi, Bank of New York, Weight Watchers and Bath & Body Works. Wantagh – Willow Wood has a 1,500 sq.ft. space available. Cotenants include Gap, Rite Aid, Friendly’s, Weight Watchers, Supercuts, Healthy Eatery and Jani Restaurant. For details, contact Robert Delavale, Breslin Realty, 500 Old County Road, Suite 200, Garden City, NY 11530; 516-741-

New York

New York

7400 Ext. 230, Fax 516-741-5621; Email: rdelavale@breslinrealty.com; Web site: www.breslinrealty.com.

For details, contact Arc Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973249-1000, Fax 973-249-1001; Web site: www.arcproperties.com.

Hudson Falls – Spaces and outparcels are available. Poughkeepsie – Spaces and outparcels are available. For details, contact Rob Mehlich, Jr., Mehlich Associates Commercial Real Estate Investments; 914-793-5050; Web site: www.mehlichassoc.com. Mohegan Lake – Cortlandt Towne Center has a divisible 40,000 sq.ft. space available. Cotenants include United Artists Theatres, Michaels, Wal*Mart, Marshalls, McDonald’s, Pier 1 Imports, Barnes & Noble, Modell’s, PetSmart, OfficeMax, A&P, Home Depot, Best Buy, Applebee’s, Blockbuster Video and Panera Bread. For details, contact Christopher Conlon, Acadia Realty Trust; 800-227-5570; Web site: www.acadiarealty.com. Pearl River – A mixed-use center situated on 93 acres on Veteran’s Memorial Highway has space available.

Queens – The Bay Terrace Lifestyle Center has a divisible space of 7,200 sq.ft. available. Cotenants include American Eagle Outfitters, Barnes & Noble, Outback Steakhouse, Bath & Body Works, Applebee’s, Panera Bread, Men’s Wearhouse, Gap, Ann Taylor Loft, Steve Madden, New York & Co., Victoria’s Secret, Lane Bryant and The Children’s Place. Area demographics include a population of 852,911 within five miles earning $78,750 as the average household income. For details, contact Patricia Walsh, Cord Meyer Co., LLC; 718-947-7110; Email: pwalsh@cordmeyer.com; Web sites: www.bayterrace.com and www.cordmeyer.com.

North Carolina Advance – Kinderton Place has spaces available of 1,309 sq.ft. and 1,787 sq.ft. (continued on page one hundred eight)

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May 22, 2009

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Dealmakers

info@ardentrealtygroup.com 713.970.1018 www.dealmakers.net


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Power Centers Single-Tenant Freestanding Buildings Ground Leases & Sale/Leasebacks wanTed For aCquiSiTion nationwide Power Centers preferably built in the 90’s, with more big-boxes and fewer small shops Ground Leases all uses considered

Freestanding Buildings with below market rent or older leases Sale/Leasebacks for both developers and retailers

our client is an all-cash investor who owns over 30 million sq.ft. of commercial real estate.

Fast analysis and Quick Closings with in-house due-diligence and attorney reviews. Please send rent roll, size of building and location to: ann o’neal TKo reaL eSTaTe adViSorY GrouP, inc. by email at: ann@dealmakers.net 609-587-6200 / Fax: 609-587-3511


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Space Place North Carolina

(continued from page one hundred six)

Chapel Hill – Timberlyne has spaces available from 500 sq.ft. to 2,400 sq.ft. Charlotte – Archdale Marketplace has spaces available from 2,400 sq.ft. to 4,031 sq.ft. Also, Royal Plaza has spaces available from 700 sq.ft. to 6,676 sq.ft. Durham – The Village has an 11,700 sq.ft. space available. Forest City – Hillside Plaza has spaces available from 1,500 sq.ft. to 25,000 sq.ft. Hendersonville – Highlands Square has spaces available from 2,500 sq.ft. to 4,000 sq.ft. Raleigh – Millbrook Collection has

North Carolina

North Carolina

spaces available from 1,225 sq.ft. to 2,150 sq.ft. Shelby – Creekside Plaza has a 3,120 sq.ft. space available. Smithfield – Smithfield Plaza has spaces available of 1,500 sq.ft. and 3,000 sq.ft. Southport – Tidewater Plaza has a 3,000 sq.ft. space available. Taylorsville – Spaces from 1,200 sq.ft. to 8,363 sq.ft. are available. Winston-Salem – Hanes Commons has spaces available of 1,400 sq.ft. and 3,300 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615;

919-518-2000, Fax 919-424-0001; Email: vshah@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Running into deadends? Retail real estate deals can be full of unexpected roadblocks. Well versed in all facets of retail real estate law, Meislik & Meislik serves national, regional and local commercial property owners, lenders, investors and tenants. We navigate our clients through the most complex twists and turns of retail real estate transactions.

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page 108

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Cary – Crossroads Plaza, a 670,000 sq.ft. center, has space available. Cotenants include Bed Bath & Beyond, Dick’s Sporting Goods, Old Navy, OfficeMax, Best Buy, REI, Stein Mart, Marshalls, Michaels, Toys “R” Us, A.C. Moore, Ulta and DSW. For details, contact Ronus Properties; 678-553-4000; Web site: www.ronusproperties.com. Fayetteville – Cross Pointe Centre, a 237,167 sq.ft. power center located at the intersection of U.S. 401 Bypass and Morganton Road, has a 47,355 sq.ft. endcap space available. Staples, T.J. Maxx, Bed Bath & Beyond, Shoe Carnival, Ulta and A.C. Moore anchor the center. Area retail includes Cross Creek Mall, Lowe’s Home Improvement, Target, Home Depot, Kohl’s and Hobby Lobby. Jacksonville – Cross Pointe Centre, a 196,214 sq.ft. power center located on Western Boulevard, has spaces available of 2,000 sq.ft. and 27,000 sq.ft. Cotenants include Marshalls, Books-A-Million, Shoe Carnival, Michaels, Lane Bryant, O’Charley’s, Cracker Barrel and Pet Warehouse. Area retail includes Jacksonville Mall. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com. Roanoke Rapids – Roanoke Rapids Crossing, a 75,000 sq.ft. center located at the intersection of 10th Street and Park Avenue, has a 10,500 sq.ft. space available along with a divisible anchor space of 54,000 sq.ft. Cotenants include Rent-A-Center, Alltel Wireless, Wagonlit Travel, Bob’s One Hour Photo and a future CVS occupying a pad site. Area demographics include a population of 20,412 within three miles earning $44,488 as the average household income. The average daily traffic count is 17,000 vehicles. For details, contact Redd Realty Services; 404-841-0123, Fax 404-841-0127.

Oklahoma Oklahoma City – A 48,171 sq.ft. building with 14,011 sq.ft. of mezzanine space, situated on an outparcel of Quail Springs Mall at the intersection of Memorial Road and Pennsylvania Avenue, is (continued on page one hundred ten)

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Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you:

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Available by regions (East, West, South, & Midstates) Available both on-line and on CD

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Downloadable Reports Accurate Information


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Space Place Oklahoma

(continued from page one hundred eight)

available. Area retail includes Best Buy, Gordman’s, Toys “R” Us, Hobby Lobby and Ross Dress for Less. For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208376-8522; Web site: www.hcollc.com.

Oregon Albany – A 20,000 sq.ft. freestanding building situated on 3.03 acres is available. Area demographics include a population of 53,160 within five miles earning $31,158 as the average household income. The asking rent is $0.75 psf. Salem – Salem Triangle, an 8,130 sq.ft. strip center, has a 2,124 sq.ft. turn-key restaurant space available. Starbucks anchors the center. Area demographics include a population of 113,207 within three miles earning $28,914 as the average household income. The asking rent is $20 psf NNN. Also, Mission Street Crossing, a 46,576 sq.ft. strip center, has spaces available from 1,500 sq.ft. to 13,000 sq.ft. Area retail includes Costco, Lowe’s Home Improvement and Wal*Mart Supercenter. Area draws include Willamette University and Salem Hospital. Area demographics include a population of 204,000 within five miles earning $32,447 as the average household income.

Oregon

Pennsylvania

Also, a divisible 12,000 sq.ft. space located on South Commercial Street is available. Winco Foods shadow-anchors the site. Also, spaces from 680 sq.ft. to 14,000 sq.ft. are available on Lancaster Drive. Area demographics include a population of 192,259 within five miles earning $31,089 as the average household income. For details, contact Bo Rushing-Barnes, Rushing Real Estate, Inc., 3110 25th Street Southeast, Salem, OR 97302; 503-588-8500, Fax 503588-8744; Email: bo@rushinggroup.com; Web site: www.rushinggroup.com.

Allentown – Home Depot Plaza, a 220,000 sq.ft. center located at the intersection of Lehigh Street and Route 78, has a 9.82-acre outparcel available. Carlisle – A 140,715 sq.ft. center located at the intersection of Route 34/Hanover Street and Interstate 81 has a divisible 10,584 sq.ft. pad site available. Home Depot and Chili’s anchor the center. Trexlertown – Trexlertown Marketplace, a 36,068 sq.ft. center located at the intersection of Route 222/Hamilton Boulevard and Mill Creek Road, has space available. Walgreens, Panera Bread and Verizon Wireless anchor the center. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com.

Portland – A center located at the intersection of Johnson Creek and 82nd Avenue has an 11,700 sq.ft. space available. Area retail includes Trader Joe’s, Walgreens, Bank of America, Home Depot and Sportsman’s Warehouse. For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208376-8522; Web site: www.hcollc.com. Salem – Kmart Shopping Center, a 116,866 sq.ft. center located on Mission Street Southeast, has space available. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com.

Space for Lease: Stratford, CT Ellington, CT Rocky Hill, CT Clinton, MA Poughkeepsie, NY Hudson Falls, NY 1,200 to 20,000+ SF Out parcels For More Information: Rob Mehlich, Jr. 914-793-5050

www.mehlichassoc.com page 110

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Archbald – A 5,400 sq.ft. freestanding building located on Scranton Carbondale Highway is available. The asking rent is $6 psf. Moosic – A 5,000 sq.ft. freestanding building located on Birney Avenue is available. The asking rent is $5.50 psf. Selinsgrove – A 7,000 sq.ft. freestanding building located on North Susquehanna Trail is available. The asking rent is $8.95 psf. Warminster – A 2,304 sq.ft. freestanding building located on York Road (continued on page one hundred twelve)


Promote your company in the 2009-2010 Retail Brokers Resource Guide Listing the Top Retail Brokers Nationwide. The 2009-2010 Retail Brokers Resource Guide, published in July 2009, will be delivered to The Dealmakers' subscribers, plus distributed to 10,000 decision makers at the nation's top retail and development companies, and exposed on the internet to over 4,000,000 viewers. Put your company at the finger tips of the country's leading retail firms all year long!

3 effective ways to promote your company standard free listing This version is the standard free listing that goes into our directory. Fill out the form below and submit by fax or mail. Cost / Free

Placing a display ad in the directory maximizes your exposure, and every time someone opens the Brokers Guide to find a brokerage firm, your ad will be viewed.

standard free listing with logo This version is the standard free listing that goes into our directory, but with a four-color company logo to go with the listing to help your company stand out. Cost / $500 for 4-color, $200 for B/W

Cost / Varies depending on size and color

Name: __________________________________________________ Company: ________________________________________________ Address: ______________________________________ City: _____________________________ State: ________ Zip: _______________ Phone: __________________________ Fax: __________________________ E-Mail: ___________________________________________ Home Page: _____________________________________________________ Do your services include tenant representation on an exclusive basis?

 YES

 NO

List Retail Clients: ____________________________________________________________________________________________________ Do your services include the sale of commercial property?

 YES

 NO

What other services do you provide: ____________________________________________________________________________________ Describe your services in 75 words or less: ____________________________________________________________________________________________ ________________________________________________________________________________________________________________________________ ________________________________________________________________________________________________________________________________ What area of the country do you specialize in: ________________________________________________________________________________________ List Key Executives: _______________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________

 I am not an advertiser. PLEASE BILL ME FOR $50 FOR MY LISTING IN THE 2009 BROKERS GuIDE.  I am an advertiser. (Advertisers will be included at no charge. Do not fill out the payment information.) Name on credit card: __________________________________________________ Authorized Signature: _______________________________________

 Visa

 Mastercard

 American Express

Credit Card Number: __________________________________________________ Expiration Date: _____/_____/_____ I want to include my logo with my listing, attached is my logo along with payment for:

 B/W logo for $200  4 color logo for $500

I want to place a display ad, please contact: ______________________________________________________________________

For more information, please contact Alyson Parker at 1-800-732-5856 or fax your completed form to 609-587-3511


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Space Place Pennsylvania

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is available. The asking rent is $14.75 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com. Greensburg – A center located on East Pittsburgh Street has spaces available from 1,500 sq.ft. to 4,500 sq.ft. Johnstown – A center located on Broad Street has space available. King of Prussia – A center located on Route 202/West Dekalb Pike has a 2,700 sq.ft. endcap space available. South Hills – A center located on North Highland Road has spaces available from 800 sq.ft. to 3,000 sq.ft. For details, contact Commerce Group, Inc.; 800-456-4952; Email: frontdesk@commerce-group.com. Hazleton – Hazleton Shopping Center has

Pennsylvania

Pennsylvania

spaces available from 3,755 sq.ft. to 14,000 sq.ft. along with a 4,000 sq.ft. pad site. Pennsburg – Pennsburg Square Shopping Center has a 4,000 sq.ft. space available. Pittston – Pittston Plaza, located on Route 11, has spaces available from 2,000 sq.ft. to 2,500 sq.ft. along with a 1.5-acre pad site. Scranton – Greenridge Plaza has spaces available from 1,500 sq.ft. to 7,500 sq.ft. along with a divisible space of 57,000 sq.ft. and a 5,000 sq.ft. pad site. Also Luzerne Street Shopping Center has a 7,300 sq.ft. space available. For details, contact Nicholas J. Aynilian, Vanick Properties, Inc., 381 Broadway, Westwood, NJ 07675; 201-666-7710, Fax 201666-7714; Email: info@vanickproperties.com; Web site: www.vanickproperties.com.

Fashion Bug and PNC Bank. Area retail includes Target, Giant Eagle and Wal*Mart Supercenter. Area demographics include a population of 293,382 within 10 miles earning $62,156 as the average household income. The average daily traffic count is 25,000 vehicles. The asking rent ranges from $6 psf to $16 psf NNN with CAM of $1.70 psf and taxes of $1.20 psf. For details, contact Jeffrey James, Lamar Cos., 8900 143rd Street North, Seminole, FL 33776; 727-403-7777, Fax 727-517-2276; Email: jjames@lamarco.com; Web site: www.lamarcompanies.com.

Irwin – Norwin Hills Shopping Center, a 244,364 sq.ft. strip center situated on 25.1 acres at the intersection of Norwin Avenue and U.S. Route 30, has spaces available of 8,642 sq.ft.; 24,963 sq.ft. and 31,000 sq.ft. Aldi, Goodwill, Children’s Institute and Galaxy Fitness anchor the center. Cotenants include GNC, H&R Block, RadioShack,

Kansas City and the Midwest

#1 Commercial Real Estate Company in Kansas City -Kansas City Business Journal

• Sites Available • Tenant Representation • Full Real Estate Services

• Shopping Centers • Restaurants • Hospitality

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Philadelphia – St. David’s Square, a 217,000 sq.ft. center, has space available. Cotenants include T.J. Maxx, Bed Bath & Beyond, HomeGoods, Genuardi’s and Micro Center. For details, contact Mall Properties, Inc., 654 Madison Avenue, New York, NY 10065; 212-935-1330, Fax 212-832-5369; Web site: www.mallproperties.com. South Philadelphia – Whitman Plaza has spaces available of 1,800 sq.ft.; 2,500 sq.ft.; 4,500 sq.ft. and 20,000 sq.ft. Cotenants include Pathmark, Big Kmart, GameStop, Fashion Bug, H&R Block, GNC, RadioShack, Citizens Bank and Payless ShoeSource. For details, contact Robert Delavale, Breslin Realty, 500 Old County Road, Suite 200, Garden City, NY 11530; 516-7417400 Ext. 230, Fax 516-741-5621; Email: rdelavale@breslinrealty.com; Web site: www.breslinrealty.com. Springfield – Springfield Square Shopping Center, a 195,291 sq.ft. mixed-use center, has a 9,150 sq.ft. space available. Cotenants include Borders, Olive Garden, David’s Bridal, Jos. A. Bank, Pei Wei Asian Diner and Annie Sez. West Goshen – Turner Square Shopping Center, a 25,325 sq.ft. community center, has 1,300 sq.ft. spaces available. Cotenants include Chipotle, Bike Line, Kmart, Rite Aid, Staples, Famous Footwear and Hallmark. For details, contact George Wisnoski, Fameco Real Estate, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793.

South Carolina Boiling Springs – Boiling Springs Center has spaces available of 1,600 sq.ft. and 2,000 sq.ft. Columbia – Northpointe Commons, a 91,860 sq.ft. strip center located at the intersection of Two-Notch Road and Rivkin (continued on page one hundred fourteen)

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Cortlandt Towne Center - Mohegan Lake, NY Space Available - Up to 40,000 sf Christopher Conlon Senior Vice President Acquisitions & Leasing (800) 227.5570

www.acadiarealty.com


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Space Place South Carolina

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Street, has spaces available of 2,000 sq.ft. and 35,000 sq.ft. Wal*Mart Supercenter anchors the center and cotenants include Cato, Shoe Dept., GameStop, Dollar Tree and Office Depot. Area demographics include a population of 209,891 within 10 miles earning $74,626 as the average household income. The average daily traffic count is 17,950 vehicles. Florence – Southside Commons has a 3,200 sq.ft. space available. Gaffney – Piedmont Plaza has spaces available of 2,000 sq.ft. and 3,200 sq.ft. Georgetown – Plantation Plaza has spaces available of 2,000 sq.ft. and 3,000 sq.ft. Greenville – Haywood Plaza has spaces available from 998 sq.ft. to 5,400 sq.ft. Also, Shoppes at Woodruff has spaces available from 1,500 sq.ft. to 4,000 sq.ft. Also, White Horse Commons has a 4,000 sq.ft. space available. Greenwood – Westwood Plaza has spaces available from 4,500 sq.ft. to 27,500 sq.ft. Greer – Hillview Plaza has a 2,000 sq.ft. space available. Lexington – Village Square has spaces available of 800 sq.ft. and 1,493 sq.ft. Myrtle Beach – Northwood Plaza has spaces available from 1,103

South Carolina

South Carolina

sq.ft. to 6,400 sq.ft. Also, Plantation Point has spaces available from 2,458 sq.ft. to 4,122 sq.ft. Surfside Beach – Surfside Commons has spaces available of 3,000 sq.ft. and 4,000 sq.ft. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: dlewis@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Columbia – A center located at the intersection of Interstate 26 and Piney Grove Road has a 63,497 sq.ft. space available along with 12,170 sq.ft. of mezzanine space. Area retail includes Columbiana Centre Mall. For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208376-8522; Web site: www.hcollc.com. Greenville – A 5,000 sq.ft. freestanding building located on North Pleasantburg Drive is available. The asking rent is $9.95 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin

Courtelis Co. is buying Shopping Centers R V St EC ISI re o T et n US ,S — A ou 27 T th 3 Ha R ll

Bring us redevelopment, distress, or expansion opportunities today!

Contact: Charles Rogers, Acquisitions P: 305-261-4330 crogers@courtelis.com Rod Castan, Leasing & Management P: 305-261-4330 rcastan@courtelis.com

ACQUISITION CRITERIA: • 60,000 TO 150,000 sq.ft. • Demographics: Minimum 30,000 people in 3 miles. • Supply side restrictions with barriers to entry • Anchored by dominant grocery or discount stores • Stable occupancy or value-add potential considered. Redevelopment opportunities preferred. • Major metro areas in FL, GA, NC, SC, TX, VA

Courtelis Company 703 Waterford Way, Ste 800 Miami, FL 33126 May 22, 2009

Chattanooga – Hamilton Village, a 416,700 sq.ft. center, has space available. Cotenants include Wal*Mart Supercenter, Stein Mart, Dick’s Sporting Goods, Babies “R” Us and Books-A-Million. Johnson City – Johnson City Crossing, a 378,533 sq.ft. center, has space available. Cotenants include Home Depot, Bed Bath & Beyond, PetSmart, Michaels, Ross Dress for Less, Stein Mart and Rugged Wearhouse. For details, contact Ronus Properties; 678-5534000; Web site: www.ronusproperties.com. Chattanooga – A center located at the intersection of Lee Highway and Highway (continued on page one hundred eighteen)

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Courtelis Company, a fully integrated commercial developer with 45 years in business, is seeking to acquire neighborhood shopping centers. Will pay cash or assume debt. We act as principals.

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Join over 118,900 members looking to acquire, sell, lease and finance all types of commercial real estate, we’re the place to list your center’s availability or if you’re looking to lease or acquire, the forums make sense and best of all, they’re free!

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The deal junkie’s home page Joining is simple, go to: http://www.dealmakers.net/mail/index.html to sign up or visit our Web site at: www.dealmakers.net


Fidelity-RS Aug Real Estate, LLC We are very pleased to announce the recent merger of Fidelity Properties, LLC and RS Aug Real Estate, LLC

LAndLoRd REPRESEntAtion CEntER Watchung Square Mall Roxbury Mall Evergreen Crossing Independence Plaza Freehold Mall Shopping Center South Freehold Shopping Center Bay Harbor Plaza Seagull Square Shopping Center Veteran's Square Shopping Center Northpoint Plaza Hickory Square Streets of New Milford Kennedy Mall Turnpike Square Shopping Center Gateway Plaza Garwood Mall Bottle Hill / Rose City Crescent Plaza Lord Stirling Shopping Center The Shoppes at Mansfield Morristown Plaza Washington Village Wharton Mall St. Georges Shopping Center 30 Montgomery Street The Siena 257 East Ridgewood Avenue 680 Westwood Avenue Madison Center Newport Office Center VII 10 Hill Street 749 Bloomfield Avenue 1030 West Boston Post Road 110 Rt. 10 West 264 Central Avenue 5800 Bergenline Avenue Former Foot Locker 362 North Main Street One Hudson Park 64 River Road 1419 Kings Highway 2042 Burlington Mt. Holly Road Former Exxon Mobil 26 Eisenhower Parkway 605 Scotland Road Former Exxon Mobil 2050 Springfield Avenue

City Watchung, NJ Succasunna, NJ East Orange, NJ Hamilton, NJ Freehold, NJ Freehold, NJ Bricktown, NJ Lakewood, NJ Lyndhurst, NJ Baltimore, MD Chatham, NJ New Milford, CT Bricktown, NJ Milford, CT May's Landing, NJ Garwood, NJ Madison, NJ Florham Park, NJ Stirling, NJ Hacketstown, NJ Morristown, NJ Washington Twp., NJ Wharton, NJ Rahway, NJ Jersey City, NJ Montclair, NJ Ridgewood, NJ River Vale, NJ Madison Center Jersey City, NJ Newark, NJ West Caldwell, NJ Mamaroneck, NY Whippany, NJ Jersey City, NJ West New York, NJ Hamilton, NJ Spring Valley, NY Edgewater, NJ Summit, NJ Brooklyn, NY Mt. Holly, NJ Union, NJ Roseland, NJ Orange, NJ Brick, NJ Vauxhall, NJ

GLA 810,000 sq. ft. 700,000 sq. ft. 300,000 sq. ft. 252,000 sq. ft. 228,000 sq. ft. 160,000 sq. ft. 160,000 sq. ft. 148,000 sq. ft. 136,000 sq. ft. 121,000 sq. ft. 109,000 sq. ft. 107,000 sq. ft. 107,000 sq. ft. 106,000 sq. ft. 103,000 sq. ft. 85,000 sq. ft. 60,000 sq.ft. 70,000 sq. ft. 70,000 sq. ft. 66,000 sq. ft. 60,000 sq.ft. 52,000 sq. ft. 50,000 sq. ft. 45,000 sq. ft. 40,000 sq. ft. 36,000 sq. ft. 30,000 sq. ft. 29,500 sq. ft. 25,000 sq. ft. 22,000 sq. ft. 10,000 sq. ft. 9,000 sq. ft. 8,000 sq. ft. 7,780 sq. ft. 5,600 sq. ft. 5,000 sq. ft. 4,500 sq. ft. 3,800 sq. ft. 3,400 sq. ft. 3,000 sq. ft. 2,200 sq. ft. 1.5 acres 1.5 acres 1 acre 0.6 acres 0.6 acres 0.2 acres

tEnAntS Home Depot, Target, Stop & Shop, Wal-Mart, Staples Home Depot, Shop Rite, Kohls, Steinmart, Staples New Development A & P Superfresh, Destina Theatres, A.J. Wright Burlington Coat Factory, Work Out World, Fashion Bug Shop Rite, Blockbuster Stop & Shop, Burlington Coats, AC Moore Hudson City Savings, Burger King Shop Rite, Staples K-Mart, Fashion Bug Shop Rite, CVS New Fully Entitled Development Blockbuster, Outback, Firestone, Harbor Freight Tools Michael's, Pier 1 New Development Kings, Dress Barn, Bensi Stop & Shop Kings, Walgreen's, Starbuck's Shop Rite, Drug Fair AT&T, Bensi, Supercut's Staples, Dunkin Donuts New Development Rite Aid, Produce Supermarket, US Post office Drug Fair, Bank of America Office Building NY Sports Clubs, Starbuck's, Woodhouse Spa Pompanoosuc Mills New Development - Delivering Space Now Quick Chek, Dunkin Donuts, Five Guys UBS, CITI Hallmarg Grocery, Gym, Laundromat Chipotle, Game Stop Starbuck's, Foot Locker Free Standing Building Stop & Shop, Sovereign Bank Modell's, Children's Place, Foot Locker Bagel Shop Convenience Store Hair Salon Free Standing Building NY Sports Clubs, Steve Madden, ALDO, Children's Place Pad Site Directly off of NJ Turnpike Exit Former Gas Station on Hard Corner Pad Site Pad Site Former Gas Station Former Gas Station at Great Intersection

AvAiLAbLE REtAiL 3,431 sq. ft. Up to 34,440 sq. ft. Up to 300,000 sq. ft. Up to 13,500 sq. ft. Up to 6,200 sq. ft. Up to 6,000 sq. ft. Up to 7,500 sq. ft. + Pad Up to 60,000 sq. ft. Up to 36,000 sq. ft. Up to 6,000 sq. ft. Up to 1,200 sq. ft. For Sale Up to 25,701 sq. ft. Up to 24,684 sq. ft. For Lease or Sale Up to 17,000 sq. ft. 100% occupied 1,500 sq. ft. 100% occupied Up to 9,800 sq. ft. 100% occupied 52,000 sq. ft. + Bank Pad Up to 12,040 sq. ft. Up to 13,900 sq. ft. 1,649 sq. ft. Up to 7,500 sq. ft. Up to 15,000 sq. ft. Up to 21,000 sq. ft. 2,447 sq. ft. Up to 16,000 sq. ft. Up to 3,500 sq. ft. 2,284 sq. ft. 3,461 sq. ft. 7,780 sq. ft. Up to 5,600 sq. ft. Up to 5,000 sq. ft. 2,520 sq. ft. 3,800 sq. ft. Up to 2,200 sq. ft. 1,400 sq. ft. 2,200 sq. ft. 1.5 acres For Lease or Sale 1 acre 0.6 acres For Lease or Sale For Lease or Sale

tEnAnt REPRESEntAtion ComPAny

mARkEt SouGht

REquiREmEntS

SizE

ny Sports Clubs Frank theatres Superplay uSA Au bon Pain Johnny Rockets

North & Central New Jersey

Strong Downtown or Highway Locations, Ample Parking

17,000 to 32,000 sq. ft.

New Jersey & New York

High Income & Education Levels, At Least Five Miles From Competing Theatres

40,000 to 56,000 sq. ft.

New Jersey & New York

High Income & Education Levels

40,000 to 52,000 sq. ft.

New Jersey

Strong Daytime Population

Kiosk to 4,000 sq. ft.

New Jersey

New Jersey

2,000 to 3,500 sq. ft.

We welcome inquiries from all Landlords, Tenants and Brokers to discuss Shopping Center and Tenant representation or for inquiries regarding leasing opportunities.

Fidelity-RS Aug Real Estate, LLC

2 Hudson Place, Third Floor, Hoboken, NJ 07030 - (201) 533-9100 / fax (201) 533-9101 641 Shunpike Road, Chatham, NJ 07928 - (973) 966-2800 / fax (973) 966-6161




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Space Place Tennessee

(continued from page one hundred fourteen)

153 has spaces available from 22,500 sq.ft. to 104,000 sq.ft., along with a 64,124 sq.ft. space with 17,844 sq.ft. of mezzanine space. Memphis – A center located at the intersection of Interstate 40 and Germantown Road has spaces available from 1,000 sq.ft. to 10,171 sq.ft. Area retail includes Costco, Kohl’s, Ethan Allen, Krispy Kreme, Kirkland’s, Lane Bryant, Cacique, Gordman’s, Shoe Carnival, Archiver’s, Ross Dress for Less, Ulta, Justice, Pei Wei Asian Diner and Qdoba Mexican Grill.

Tennessee

Texas

For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208-376-8522; Web site: www.hcollc.com.

Abilene – A 15,337 sq.ft. freestanding building located on Buffalo Gap Road is available. The asking rent is $4 psf. Amarillo – A pad site located on Southwest 45th Street is available. Bedford – A 29,100 sq.ft. freestanding building located on Harwood Road is available. The asking rent is $4 psf. Grand Prairie – A 33,577 sq.ft. freestanding building located on Belt Line Road is available. The asking rent is $5 psf. Pantego – A 5,400 sq.ft. freestanding building located on South Bowen Road is available. The asking rent is $5.95 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Cookeville – Cumberland Station has spaces available of 900 sq.ft. and 3,000 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: vshah@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Rushing to meet your Oregon retail needs! LEASING * SItE-SELEctIoN * SALES PRoPERtY MANAGEMENt coNStRUctIoN * DEVELoPMENt Offering many prime sites in grocery-anchored and non-anchored centers. 1,000 - 25,000 SF of space currently available. Pad sites available for BTS or sale.

Contact us: 3110 25th Street SE Salem, OR 97302 Office: 503-588-8500 Fax: 503-588-8744 Email: bo@rushinggroup.com

www.RushingGroup.com

page 118

May 22, 2009

The

Dealmakers

www.dealmakers.net

Houston – Meyerland Plaza, a 963,219 sq.ft. center, has space available. Cotenants include Target, Bed Bath & Beyond, Borders, JCPenney, Old Navy, Marshalls, OfficeMax, Stein Mart, Pier 1 Imports, Palais Royal, 24Hour Fitness, Ross Dress for Less, Chico’s and Talbots. For details, contact Ronus Properties; 678-553-4000; Web site: www.ronusproperties.com.

Utah Logan – A center located at the intersection of Highway 91 and West 1400 North has an 8,842 sq.ft. space available. Area retail includes Best Buy, Michaels, Ross Dress for Less, Staples, Shoe Carnival, Hobby Lobby, Shopko, Lowe’s Home Improvement, Home Depot and Cache Valley Mall. Salt Lake City – A center located at the intersection of Interstate 15 and 21st South has spaces available from 5,000 sq.ft. to 31,875 sq.ft. Area retail includes Costco, Home Depot, PetSmart, David’s Bridal, Dollar Tree, Home Show Daily and Sam’s Club. For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208-376-8522; Web site: www.hcollc.com. St. George – A 9,315 sq.ft. freestanding building located on East Saint George Boulevard is available. The asking rent is $12 psf. For details, contact Len Weiselberg, (continued on page one hundred twenty)



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Space Place Utah

(continued from page one hundred eighteen)

Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Virginia Hampton – Mercury Plaza, a 350,000 sq.ft. center, has space available. Cotenants include Burlington Coat Factory, Texas Steakhouse & Saloon, Cracker Barrel, Wachovia Bank, GNC and Supercuts. Also, Coliseum Square, a 43,000 sq.ft. center, has space available. Cotenants include Lane Bryant. For details, contact Mall Properties, Inc., 654 Madison Avenue, New York, NY 10065; 212-935-1330, Fax 212-832-5369; Web site: www.mallproperties.com. Richmond – Food Lion Plaza, located at the intersection of U.S. Route 1/Jefferson Davis

page 120

May 22, 2009

The

Virginia

Virginia

Highway and Chippenham Parkway, has outlots available. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com.

For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.

Roanoke – A center located at the intersection of Ferncliff Avenue and Hershberger Road has a divisible 49,592 sq.ft. space available with a 14,164 sq.ft. mezzanine space. Area retail includes Home Depot, Burlington Coat Factory and Big Lots. For details, contact Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID, 83702-7153; 208-376-8522; Web site: www.hcollc.com. Williamsburg – New Town Shops on Main, a 253,000 sq.ft. center located on Monticello Avenue within a 1.7-million sq.ft. mixed-use community situated on 365 acres, has spaces available from 1,171 sq.ft. to 10,778 sq.ft. Cotenants include Barnes & Noble, Panera Bread and Lane Bryant.

Dealmakers

www.dealmakers.net

West Virginia Princeton – East River Plaza has a 30,030 sq.ft. space available. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: vshah@rivercrestrealty.com; Web site: www.rivercrestrealty.com. St. Albans – St. Albans Center, a 230,000 sq.ft. center located at the intersection of Route 60 and MacCorkle Avenue Southwest, has space available. Kmart, Super Kroger, Peebles and CVS anchor the center. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: D M tmirandi@rdmanagement.com.


Puerto Rico Sites Wanted 40,000 sf to 80,000 sf

Burlington Coat Factory is a credit tenant with nearly 400 department stores nationwide. The company was acquired for $2.06 billion in April 2006, by Bain Capital Partners, LLC, a leading global private investment firm. Burlington Coat Factory will be the hottest retailer on the Island with the best selection of branded designer apparel for the family and luxury home decor accessories at the best prices.

ICSC Visit us at 09 RECon 20

Site Criteria: 40,000 sf to 80,000 sf 3 S ll a H South e. New Construction, Existing Space, Build-to-Suits 16 29th Av 9 2 S th o o B Mall, Strip Center, Power Center and Freestanding Please submit sites or call for questions:

Ann O’Neal TKO Real Estate Advisory Group, Inc. on behalf of Burlington Coat Factory 609-587-6200 Fax: 609-587-3511 Email: ann@dealmakers.net


Most Valuable Players #1 Real Estate Deals................................................................ Pg. 45

City of Longview, Texas........................................................... Pg. 76

Acadia Realty Trust................................................................ Pg. 113

City of Murrieta, California...................................................... Pg. 56

AEI Capital Corporation............................................................. Pg. 3

City of Orange, California........................................................ Pg. 48

Alba Consulting Corp............................................................ Pg. 122

Commerce Group, The.............................................................. Pg. 5

AmCap Incorporated............................................................... Pg. 57

Cord Meyer Development, LLC............................................... Pg. 80

ARC Properties.......................................................................... Pg. 7

Courtelis Company.........................................................Pgs. 24, 114

Ardent Commercial Realty..................................................... Pg. 106

Cullinan Properties, Ltd........................................................... Pg. 58

AutoZone................................................................................ Pg. 28

CVS Pharmacy......................................................................... Pg. 17

Barclay Group....................................................................... Pg. 119

Dealmakers, The.................................. Pgs. 105, 111, 114, 122, 123

Block & Company, Inc........................................................... Pg. 112

Developers Realty Corporation................................................ Pg. 19

Bob Bassel Realties, Inc........................................................... Pg. 98

Dietz Partnership, The............................................................. Pg. 38

Breslin Realty.......................................................................... Pg. 47

Directory of Major Malls........................................................ Pg. 125

Carnival Booking, Inc.............................................................. Pg. 86

DJM Realty.............................................................................. Pg. 39

Cedar Shopping Centers, Inc................................................... Pg. 27

DLC Management Corp.....................................................Pgs. 66-67

Children of America................................................................ Pg. 41

Dots........................................................................................ Pg. 49

City of Bastrop, Texas.............................................................. Pg. 98

Douglas Realty, Inc................................................................ Pg. 100

City of Bowie, Maryland.......................................................... Pg. 34

Excess Space Retail Services, Inc.............................................. Pg. 29

City of Cocoa, Florida.............................................................. Pg. 55

(continued on page one hundred twenty-four)

If you already know who's opening, buying, closing, or leasing... can you give us tomorrow's lottery numbers too? Visit

http://www.dealmakers.net/ subscription.asp to sign up for a FREE 3 issue trial and start making more deals today!

Or call 609-587-6200

page 122

May 22, 2009

The

Dealmakers

www.dealmakers.net


Make deals here, make deals anywhere…

New York, New York

Visit us at ICSC RECon 20 09

South Ha Booth S29 ll S3 16 29th Av e.

Highlight your presence at the

ICSC New York National Conference

December 7–9, 2009

The December 11th issue, distributed at the 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 27th pre-show issue, telling everyone you’re ready to make deals!

Place your ad in the Pre-Show, Show and Post-Show issues and at no extra cost, receive: • Placement on THE DEALMAKERS “A” LIST

MAKE A STATEMENT Your ad will be hand-delivered to every attendee’s hotel room and The Dealmakers December 11th show issue gets exposure on the show floor! FOLLOW UP In addition to powerhouse companies that read The Dealmakers every week, the December 18th post-show issue is mailed to attendees — giving you added exposure! Sizes Full Page 2/3 Page 1/2 Page 1/3 Page 1/4 Page Rates $1,495 $1,040 $800 $550 $475 * Prices are for black and white. Contact us for color pricing.

1/8 Page $310

• 55,000+ decision makers will be emailed • 500,000+ real estate pros view your ad at www.dealmakers.net

Call

1-800-732-5856 Fax 609-587-3511 Alyson Parker


Most Valuable Players (continued from page one hundred twenty-two)

Landmark Resources.............................................................. Pg. 120

EZCorp.................................................................................... Pg. 92

Legend Properties, Inc......................................................Pgs. 84, 97

Faison...................................................................................... Pg. 32

Mall Properties, Inc...........................................................Pgs. 42-43

Fameco Real Estate.................................................................. Pg. 74

McCollum Realty, Ltd............................................................ Pg. 110

Feil Organization, The...................................................................BC

Mehlich Associates................................................................ Pg. 110

Flagler Development Group.................................................... Pg. 77

Meislik & Meislik Retail Real Estate Law................................ Pg. 108

Franchise Show, The............................................................. Pg. 106

Meister Seelig & Fein, LLP..................................................... Pg. 102

Greater Killeen Chamber of Commerce................................... Pg. 36

Meridian Pacific, Ltd................................................................ Pg. 82

Grocery Outlet Bargain Market................................................ Pg. 26

Michael A. Pollack Real Estate Investments.............................. Pg. 75

Heritage Realty Services, LLC.................................................. Pg. 11

Millbrook Properties, Ltd......................................................... Pg. 33

Hawkins Companies.............................................................. Pg. 103

Nassimi Realty......................................................................... Pg. 95

Horizon Town Center.............................................................. Pg. 96

New England Retail Properties, Inc.............................. Pgs. 62-63, 81

Karpoff Affiliates, LLC.............................................................. Pg. 25

Nielson Claritas....................................................................... Pg. 16

Kay Realty Services, LLC.......................................................... Pg. 60

Paramount Realty Services, Inc...................................... Pgs. 116-117

Kin Properties............................................................... Pgs. 101, IBC

Park Center, LLC.................................................................... Pg. 102

Lamar Companies.................................................................... Pg. 59

(continued on page one hundred twenty-six)

page 124

May 22, 2009

The

Dealmakers

www.dealmakers.net


Directory of Major Malls ...because it really is about location.

ÂŽ

For 30 years, we’ve provided our clients with a complete package of major mall, open-air shopping center, and lifestyle/specialty location information in Print, on CD and Online.

Visit us at Booth #4059 in the Trade Expo at ReCon

For complete information about our products and services, visit www.shoppingcenters.com or call 1-800-898-MALL


Most Valuable Players (continued from page one hundred twenty-four)

Spandrel Property Services, Inc................................................ Pg. 37

Paster Enterprises, LLC............................................................. Pg. 79

Spirit Halloween Superstores................................................... Pg. 31

Prime Locations, LLC............................................................... Pg. 99

Stonefield Crossing.................................................................. Pg. 78

Pyramid Brokerage Company.................................................. Pg. 40

Stuart Makler & Associates, Inc................................................ Pg. 68

RCS Real Estate Advisors......................................................... Pg. 15

TenantSearch......................................................................... Pg. 109

RD Management, LLC.......................................................Pgs. 51-54

TKO Real Estate Advisory Group................................... Pg. 107, 121

Real Estate Auctioneers / REA Bid Now.................................... Pg. 90

Triland Properties, Inc............................................................. Pg. 23

Real Estate Southeast, LLC....................................................... Pg. 30

Triyar Cannon Group.............................................................. Pg. 91

Redd Realty Services............................................................. Pg. 104

Urstadt Biddle Properties, Inc.................................................. Pg. 46

Retail Realty, LLC.................................................................... Pg. 94

Vanick Properties, Incorporated............................................... Pg. 12

Rivercrest Realty Investors....................................................... Pg. 73

Weiss Realty............................................................................ Pg. 44

Riverside County EDA............................................................. Pg. 50

Winick Realty Group....................................................................IFC

Ronus Properties........................................................................ Pg. 9

Wolfson Verrichia Group, Inc....................................... 64-65, 85, 93

Royal Properties, Inc................................................................ Pg. 35

WLS Lighting Systems............................................................ Pg. 124

RS Aug Real Estate................................................................. Pg. 115

Zamias Services, Inc................................................................ Pg. 61

Rushing Real Estate, Inc......................................................... Pg. 118

Zelnik & Company LLC........................................................... Pg. 13

Sackar Company, The.............................................................. Pg. 83

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Start my subscription right away to the only publication in the shopping center industry devoted exclusively to dealmaking in strip, power and specialty centers, as well as malls. I can use leads every week on retailers looking to lease space, buyers and sellers of retail properties, plus news on space for lease, retail chain acquisitions and mergers, who’s opening or closing stores, new retail concepts, shopping centers under construction and more.

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Expedite your order by faxing the completed form to 609-587-3511 P.O. Box 2630 | Mercerville, NJ 08690 | 800-732-5856 or 609-587-6200 | Fax 609-587-3511 | www.dealmakers.net page 126

May 22, 2009

The

Dealmakers

www.dealmakers.net


FREESTANDING LOCATIONS AVAILABLE

We Own 850+ Buildings 30,000,000

State City

All Shapes Retail, Industrial, Office

All Sizes

3,000 - 1,000,000+ sqft

All Over

45 states and Canada

1.888.KIN.PROP

AR AR AZ CA CA CA CA CA CO CT CT FL FL FL GA ID IL IL IL IL IN KS LA MA MI MI MI MI MI MN NJ NJ NJ NY OH OH PA PA PA PA SC TN TN TX TX TX TX TX UT WI WI WI WI WI WV

Benton Forrest City Tucson Fullerton Monrovia Orange Sand City Santa Clara Thornton Groton Orange Bradenton Indian Harbour Rockledge Macon Nampa Burbank Danville Lincolnwood Mundelein South Bend Topeka Shreveport West Springfield Lansing Livonia Muskegon Port Huron Sterling Heights Falcon Heights Brick Township Newton Toms River Yonkers Mansfield Springfield Archbald Moosic Selinsgrove Warminster Greenville Chattanooga Knoxville Abilene Amarillo Bedford Grand Prairie Pantego St. George Beaver Dam Brown Deer Greenfield Kenosha Menomonee Falls Martinsburg

Address

1716 Military Road 412 N. Washington St 4025 Oracle Road 2949 Brea Blvd 301 W. Huntington Dr 655 N. Tustin Ave Playa Ave 4695 Stevens Creek Blvd 10397 Washington St 771 Long Hill Road 130 Boston Post Rd 4914 14th Street 1944 State Road A-1-A 201 Bougainvillea Drive 3933 Bloomfield Road 1031 Nampa Caldwell Blvd 7100 West 79th Street 3815 N. Vermillion 7031 N. Lincoln Ave 2055 S. Lake Street 52120 US Highway North 1925 West 10th Street 9301 Mansfield Road 1267 Riverdale Ave 6636 S. Cedar Street 34800 Plymouth Road 1490 E. Apple Ave 3811 North 24th Ave 43169 Van Dyke 1639 West Larpenteur Ave 856 Route 70 11 Nelson Street 214 Route 37 East 2450 Central Ave 2032 West 4th Street 1105 Upper Valley Pike Road 501 Scranton-Carbondale Hwy 4001 Birney Ave. 1499 N. Susquehanna Trail 375 York Road 1152 N. Pleasantburg Dr 5109 Brainerd Road 7205 Chapman Highway 3852 Buffalo Gap Road 4215 SW 45th Street 512 Harwood Road 2506 Belt Line Road 1607 S, Bowen Raod 530 E. Saint George Blvd 800 Park Ave 7817 West Brown Deer 5455 South 27th Street 4028 75th Street 15485 Appleton Ave 1212 North Queen Street

Robert Crum Ext 117

rcrum@kinproperties.com

Matthew Makler Ext 118 mmakler@kinproperties.com

30,565 25,230 1,400 1,785 2,082 7,934 27,575 13,400 2,220 8,000 31,361 1,800 14,795 28,660 4,800 12,000 8,535 4,860 8,000 8,400 4,800 19,265 55,000 4,700 4,000 7,000 5,000 8,400 1,700 8,400 2,601 19,311 2,700 7,920 4,800 4,000 5,400 5,000 7,000 2,304 5,000 1,548 5,400 15,337 Pad 29,100 33,577 5,400 9,315 3,096 8,400 36,554 7,200 5,400 23,744

$2.95 $3.00 $15.00 $18.00 $21.00 $12.00 $14.00 $15.00 $19.75 $8.95 $9.95 $14.75 $18.00 $6.00 $9.95 $7.95 $13.00 $5.00 $15.00 $8.95 $6.75 $4.00 $3.25 $11.25 $9.50 $6.60 $9.95 $6.75 $9.95 $12.00 $18.00 $7.75 $18.00 $38.00 $9.75 $6.95 $6.00 $5.50 $8.95 $14.75 $9.95 $12.00 $9.50 $4.00 TBD $4.00 $5.00 $5.95 $12.00 $7.75 $6.75 $5.00 $7.50 $14.00 $3.50

$995,000

$1,240,000 $990,000

$395,000 $700,000 $1,650,000 $550,000 $595,000

$285,000 $350,000

$2,300,000

$395,000 $290,000 $650,000 $2,750,000

Visit us at the ICSC convention in Las Vegas Booth #S2916 29th Avenue (south hall - upper level)

Len Weiselberg, Ext 112

lweiselberg@kinproperties.com

SQ.FT. Asking Rent Sale price

KIN

Kin Properties

185 NW Spanish River Blvd Boca Raton, FL 33431 1.888.KIN.PROP Fax: 561.955.9921 E-Mail: Info@kinproperties.com www.kinproperties.com


26 MILLION SQ FT AND GROWING! Times change. Feil prevails. Time after time, The Feil Organization has been able to anticipate, readily adapt to and profit from ever-changing real estate trends. The result is 26 million square feet of prime retail, commercial, industrial and residential space. RETAIL OPPORTUNITIES

Nassau Mall

Levittown, NY Up to 40,942 SF Available Will Divide Randy Briskin rbriskin@feilorg.com

212-563-6557 x218

• Nassau Mall provides 267,000 SF of retail space in one of America’s strongest retail markets • Located directly on Hempstead Turnpike in an affluent, densely populated Nassau County community • Trade area population over 1,100,000 • Average HH income nearly $80,000

North Riverside Park Mall North Riverside, IL • 1.1 million SF super regional mall 237 to 33,324 SF Available Harvey Ahitow hahitow@feilorg.com Glen Wilson gwilson@feilorg.com

504-835-8000

anchored by JCPenney, Sears and Carson Pirie Scott • Two-level, enclosed mall features 140 retail shops and a 6-plex theater • Situated just 10 miles west of downtown Chicago • 5-mile radius: population 700,000; 270,000 households with $63,000 average HH income

Lakeside Shopping Center Metairie, LA

37,500 SF Available Former Linens ‘n Things

Glen Wilson gwilson@feilorg.com

504-835-8000

• 1,154,000 SF enclosed super regional mall anchored by Dillard’s, JCPenney and Macy’s plus 140 national regional and local retail stores • Attracts an estimated 10 million shoppers per year • Estimated area retail sales totaling over $13 billion • Located just off Interstate 10; traffic count over 200,000 vehicles per day • Trade area population 1,307,000

Visit Our New Booth S249 Q Street at RECon 2009! Owner/Manager

|

Seven Penn Plaza, NY 10001 | feilorg.com

|

T 212 563 6557

NOTHING BEATS 50 YEARS OF STABILITY.

|

F 212 563 6657


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Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.