Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XX
May 24, 2013
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 women’s, juniors’ and plus-size apparel at popular price points, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in power and strip centers, indoor malls and 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. For more information, contact Nathan Hoffman, 10 Spot / Madrag, 30 Seaview Drive, Secaucus, NJ 07094; 201-319-1400 Ext. 118, Fax 201-3190111; Email: nathan@10spotplus.com; Web site: www.madragstores.com. My Suit operates four locations throughout the greater New York, NY area. The stores, offering men’s tailored suits, occupy 3,000 sq.ft. to 4,000 sq.ft. storefronts. Growth opportunities are sought throughout the financial district, near Rockefeller Center and Columbus Circle in 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; 212-7922645; Email: young@winick.com; Web site: www.mysuitny.com.
Dress Barn, Inc. trades as dressbarn at 840 locations throughout the continental U.S. The stores, offering discounted women’s casual and career apparel and accessories, occupy spaces of 7,500 sq.ft. in malls and community, lifestyle, outlet, power, strip, tourist and regional shopping centers, in addition to downtown areas. Plans call for at least 50 openings throughout the existing market during the coming 18 months. Preferred cotenants include grocery stores, fashion and soft goods retailers and discount department stores. Preferred demographics include a tradearea population earning $55,000 as the median household income. Charming Shoppes, Inc. trades as Catherines at 400 locations nationwide. The stores, offering women aged 45 and up, plus sized casual and career apparel items and accessories, occupy spaces of 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include Kohl’s, Target and T.J. Maxx. Charming Shoppes, Inc. also trades as Lane Bryant at 800 locations nationwide. The stores, offering women ages 35 to 55, plus sized casual and career apparel items and accessories, occupy spaces of 5,000 sq.ft. in strip centers. Plans call for at least 50 openings throughout the existing market during the coming 18 months. Typical leases run five years. Preferred cotenants include Kohl’s and Target. Preferred demographics include a (continued on page forty-eight)
This issue contains information on: • Retailers operating 41,524 locations with plans to open 2,839 sites • Real estate valued in excess of $80 million to be bought, sold & financed • Leasing activity on over 4.8 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
icsc recon 2013 Observations and Conversations. Pg. 8 Profiles South Moon Under..................... Retail Brokers Network............... Winick Realty Group.................. Tulepan Real Estate Management
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New Construction The Feil Organization redevelops center in the Bronx..................... Pg. 24 Who’s Opening and Where Signet Jewlers to open up to 75 stores.......................................... Pg. 26 Buyers and Sellers Cypress Real Estate Partners open to buy......................................... Pg. 28 Home-Related Chains Expand Innovative Mattress plans 40 new stores.......................................... Pg. 30 Supermarket Chains Expand Stater Bros. keeps up growth....... Pg. 32 Food Chains Expand Charleys Philly Steaks projects 50 new locations........................ Pg. 34 Lease Signings Paramount Realty Services inks two deals with Charming Charlie....................................... Pg. 38 Exclusives and Leasing Assignments The Shopping Center Group takes on Marshalls anchored center......................................... Pg. 54 Lead Sheet Bev Mo! expects 10 store openings Pg. 57 Sources of Financing Barclay Associates ready to lend Pg. 61 Making The News Franklin Street taps senior director of real estate.................. Pg. 64 Space Place................................ Pg. 72 ICSC RECon Floor Plan.............. Pg. 92 Most Valuable Players................ Pg. 100