Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XIX
May 23, 2014
FEATURING APPAREL CHAINS EXPAND NATIONWIDE 10 Spot / Madrag operates 60 locations throughout AR, CT, FL, MA, MD, NJ, NY, PA, RI and TN. The stores, offering apparel for women, juniors and plus-sizes at popular price points, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in malls, power and strip centers, as well as urban/downtown areas. Plans call for eight to 12 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include supermarkets. Preferred demographics include a population of 100,000 within three miles earning $35,000 to $50,000 as the average household income. The company is spinning off a new concept, Vanilla Sky, with five locations in NJ and NY. The fashion forward boutiques, offering junior apparel and accessories, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in neighborhood centers, street fronts and downtown areas. Plans call for three to four openings throughout NJ and New York, NY during the coming 18 months. Preferred demographics include a trade area population of 100,000 earning at least $100,000 as the average household income. For more information, contact Nathan Hoffman, 10 Spot / Madrag, 30 Seaview Drive, Secaucus, NJ 07094; 201-319-1400 Ext. 118, Fax 201-319-0111; Email: nhoffman@madragstores.com; Web sites: www.madragstores.com and www.vanillaskystores.com.
My Suit operates four locations in White Plains and New York, NY. The stores, offering men’s tailored suites, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in downtown areas. Growth opportunities are sought in the Financial District, Rockefeller Center and the Columbus Circle areas of New York, NY during the coming 18 months, with representation by Winick Realty Group. For more information, contact Young Byunn, Winick Realty Group, 655 3rd Avenue, 8th Floor, New York, NY 10017; 212-792-2645.
Observations and Conversations Pg. 8 Features 2014 State of the Industry Report Pg. 12 Latinos – Creating shopping centers to meet their needs......... Pg. 16 New Construction Carolina Holdings preleases Kroger anchored center in GA.... Pg. 18 Who’s Opening and Where LUSH North America plans to open 34 stores............................ Pg. 20
Dress Barn, Inc. trades as dressbarn at 840 locations throughout the continental U.S. The stores, offering career and casual apparel and accessories for women ages 35 to 55 years, occupy spaces of 7,500 sq.ft. in malls, lifestyle, outlet, power, strip, tourist, community and regional shopping centers, as well as downtown areas. Plans call for more than 80 openings throughout the existing market during the coming 18 months. Preferred cotenants include grocery stores, apparel and soft goods retailers and discount department stores. Preferred demographics include a trade-area population earning a median household income of $60,000. Lane Bryant operates 750 locations nationwide. The stores, offering plus-size casual and career apparel and accessories for women ages 35 to 55 years, occupy spaces of 5,000 sq.ft. in strip centers. Plans call for 100 openings nationwide
Buyers and Sellers The Shopping Center Group markets the sale of a Publix anchored center.......................... Pg. 24
(continued on page fifty)
Lease Signings Levin Management inks deal with Dave & Buster’s in NY........ Pg. 44
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 50,000 locations with plans to open 4,000 sites • Real estate valued in excess of $1 billion to be bought, sold & financed • Leasing activity on over 7.5 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
ICSC RECON 2014
Food Chains Expand Chill Box plans to heat up southern FL and take Manhattan, NY.......... Pg. 26 Home-Related Chains Expand Tuesday Morning eyes NV for growth opportunities.................. Pg. 36 Supermarket Chains Expand Grocery Outlet Bargain Market plans to open 35 supermarkets... Pg. 38 Sources of Financing Envoy NNN open for lending on single-tenant and net leased retail sites................................... Pg. 42 Making the News Stacey Glenn of The Zall Co. was awarded the ICSC John T. Riordan professional education scholarship. Pg. 44
Tenant Reps Sabre Real Estate Group reps Maggiano’s in NY....................... Pg. 52 Lead Sheet Gordman’s Stores to enter MI, OH and TX................................. Pg. 57 Studio Movie Grill focuses on the top regional markets............. Pg. 58 Salons by JC looking to expand nationwide................................. Pg. 60 Space Place................................ Pg. 68 ICSC Recon Floor Plan............... Pg. 96 Most Valuable Players................ Pg. 104