Dealmakers Magazine | May 25, 2012

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

Volume XXVII No. XX

May 25, 2012

Apparel Chains Expand Nationwide 10 Spot / Madrag operates 48 locations throughout CT, FL, MA, MD, NJ, NY, PA and RI. 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 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.

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: nathan@10spotplus.com; Web site: www.madragstores.com.

Downtown Locker Room operates 80 locations throughout AL, GA, IL, IN, MD, MO, NC, NJ, NY, SC, VA and the Washington, DC metropolitan area.

The stores, offering men’s urban lifestyle apparel and footwear, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Retail Strategies, Inc. A vanilla shell and tenant improvement allowance are required.

For more information, contact Laurie Mazzotta, Retail Strategies, Inc., 100 West Road, Suite 300, Towson, MD 21204; 410-494-6500, Fax 410783-8988; Email: lamazzotta@aol.com.

Dots, LLC trades as Dots Fashions at 415 locations throughout the northeastern, midwestern, southeastern and Mid-Atlantic regions, as well as in TX. The stores, offering affordable women’s apparel and accessories, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for 75 openings throughout the northeastern, Midwestern, southeastern and southern regions of the U.S. during the coming 18 months. Typical leases run five years with three, five-year options. Preferred cotenants include Target, Walmart and grocery stores. Preferred demographics include a population of 75,000 within three miles earning $45,000 to $55,000 as the average household income.

For more information, contact John Clark or Kyle Koenig, Dots, LLC, 30300 Emerald Valley Parkway, Glenwillow, OH 44139; 440-349-7040, Fax 440-349-7004; Emails: realestate@dots.com and kkoenig@dots; Web site: www.dots.com.

Lane Bryant operates 685 locations nationwide.

The stores, offering plus-size apparel for women, occupy spaces of 5,000 sq.ft. in anchored lifestyle and strip centers with a regional draw.

Plans call for 125 openings during the coming three years, in addition to 125 store relocations during the coming three years. The stores target a female customer in the 35 to 55 age bracket.

For more information, contact Lane Bryant, Email: realestate@charming.com. (continued on page thirty-six)

This issue contains information on:

* Retailers operating 90,605 locations with plans to open 4,852 sites * Real estate valued in excess of $517 million to be bought, sold & financed * Leasing activity on over 12 million sq.ft. of retail properties

Important News Please Expedite

Postmaster: Periodical

Featuring

2012 ICSC RECon Observations & Conversations Pg. 8 Profiles Children’s Learning Adventure

Pg. 10

Kid to Kid and Uptown Cheapskates............................. Pg. 12 Parmida Home Concepts.......... Pg. 14 T-Mobile................................... Pg. 16 Hutensky Capital Partners......... Pg. 18 The Dealmakers Annual State of the Industry Report.............. Pg. 20 New Construction Developers Realty to break ground in Cumberland, PA....... Pg. 22 Buyers & Sellers Urstadt Biddle closed on center in Orangetown, NY.................. Pg. 24 Who’s Opening & Where Jo-Ann Fabrics plans to open 30 stores................................... Pg. 26 Food Retailers Expand Au Bon Pain plans growth in MD........................................... Pg. 32 Supermarket Chains Expand Grocery Outlet grows on the west coast................................. Pg. 38 Exclusives Michael Salove Co. reps Zoes Kitchen..................................... Pg. 40 Home-Related Chains Expand La-Z-Boy plans up to 20 openings................................... Pg. 46 In The News Mall Properties promotes Olshan to CEO......................... Pg. 52 Sources of Financing................ Pg. 62 Lease Signings DLC Management inks deals throughout the southeast.......... Pg. 72 Lead Sheet................................ Pg. 75 Space Place.............................. Pg. 86 ICSC RECon Floor Plan............ Pg. 96 Most Valuable Players.............. Pg. 116

For more news go to: www.dealmakers.net Mobile Access Code: icscrecon2012

To receive your copy of our Spring 2012 Exclusives Magazine, visit us at our booth or download your copy from our website:

www.winick.com

VISIT US AT THE LAS VEGAS ICSC SHOW

BOOTH C140 F STREET

MAY 21ST, 22ND, 23RD 2012

For more information, please contact:

Louis Eisinger Chief Operating Officer

FEATURES

Children’s Learning Adventure Makes a big impact with parents, kids, and developers • Page 10

May 25, 2012 • ICSC RECon 2012

Kid to Kid and Uptown Cheapskates Grow Nationally • Page 12

Parmida Home Concepts Entertains Expansion Nationwide • Page 14

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 Stephanie Weaver • stephanie@dealmakers.net Customer Service Bridget Thoresen • custserv@dealmakers.net T-Mobile Ramps Up Expansion • Page 16

Hutensky Capital Partners Unlock Capital and Creativity • Page 18

The annual survey offers insight to what chains are growing and what retailers are looking for in new deals, along with benchmarks for every aspect of the shopping center industry from prevailing cap rates to the new standard for tenant improvement allowances.

State of the Industry 2012 • Page 20

Ann O’Neal, the publisher of The Dealmakers, provides candid commentary of what’s happening in the shopping center industry.

Observations & Conversations Page 8

Pages 96–98

Co-Founder Ted Kraus • 1979–2007

The DealmakersTM (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.

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Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2012 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.

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Town Center Portfolio BAYSHORE TOWN CENTER GLENDALE, WISCONSIN Total GLA 1.3 Million Square Feet Retail 939,620 SF; Office 214,464 SF; Residential Units: 113 • • • •

1.6 million MSA; 135,000 ADT Wisconsin’s affluent north shore pocket with average HH income over $100,000 Located in Milwaukee County, 6 miles north of downtown Milwaukee Key Tenants: J.Crew, Brooks Brothers, The Cheesecake Factory, Coach, The Gap, The Apple Store, Banana Republic, Sports Authority, Barnes & Noble, Gymboree, Trader Joe’s, Vera Bradley, Forever 21, Ann Taylor Loft, H&M, iPic Entertainment

ZONA ROSA TOWN CENTER KANSAS CITY, MISSOURI Total GLA 1.3 Million Square Feet Retail 886,195 SF; Office 111,192 SF; Residential Units: 73 • • • •

GREENE TOWN CENTER

Located in Platte County, the third wealthiest and fastest growing in Missouri Over 10 million passengers travel through nearby KC International Airport per year Situated at the major intersection of Interstate 29 and Barry Road; 168,000 ADT Key Tenants: Dillard’s, BRAVO!, Barnes & Noble, White House | Black Market, The Gap, Gap Kids, The Limited, The Kansas City Improv, Old Navy, Coldwater Creek, American Eagle, Forever 21, Gymboree, Bath & Body Works, Chico’s, Sephora, DSW

DAYTON, OHIO Total GLA 1.1 Million Square Feet Retail 717,761 SF; Office 145,401 SF; Residential Units: 206 • • • •

Situated in Dayton’s most affluent and growing suburbs; 147,000 ADT Over 300,000 people with average HH income of more than $75k 700,000 people in trade area and over 600,000 visitors per month Key Tenants: Von Maur, The Cheesecake Factory, Old Navy, Gymboree, Express, Brio Tuscan Grille, McCormick & Schmick’s, Talbots, Banana Republic, The Gap, Ann Taylor, Victoria’s Secret, Eddie Bauer, J.Jill, White House | Black Market

PENINSULA TOWN CENTER HAMPTON, VIRGINIA Total GLA 1.1 Million Square Feet Retail 865,770 SF; Office 131.811 SF; Residential Units: 158 • • • •

Hampton Roads is the largest MSA between Washington DC and Atlanta 686,000 people with average HH income of more than $61k in trade area 170,000 vehicles pass by daily at Interstates 64 and 664 Key Tenants: Macy’s, JCPenney, Target, Barnes & Noble, CinéBistro, Express, Victoria’s Secret, Chico’s, Hollister, Aeropostale, The Limited, Kay Jewelers, J.Jill, New York & Company, Gymboree, H&M, Forever 21, Justice, Outback Steakhouse

VISIT US AT C1714 AT RECON 2012. To schedule an appointment, contact Jim Davis, Vice President of Leasing, at 317.805.4854 or jdavis@mpi-re.com

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observations and conversations The good news is that retailers are no longer scared to make a commitment, but they want the equivalent of a good prenup agreement or at least a favorable assignment and sublease clause.

Ann O’Neal Welcome to The Dealmaker’s RECon special edition! Enthusiastic and ready to make deals is the new mindset for the shopping center industry. People are pumped up about this year’s convention in Las Vegas. It’s amazing how a few sequential good quarters can change the outlook. The leasing side of the shopping center industry is busy again! Tenants are opening stores, brokers are smiling and most landlords are happy to do deals. Just a few years ago, landlords dreaded talking to a tenant because the odds were that the conversation would be about a rent reduction and most brokers couldn’t even get a return phone call from their own mothers much less a retailer. Now, if you get a phone call from a retailer, it’s more likely to be a discussion on leasing new space or expanding a store. Yes, there are chains that are downsizing stores, but most of the downsizing that I’m seeing is footprints for future stores, not necessarily for existing stores. Retailers had to learn to operate with tighter margins and lower volumes during the recession in order to survive, consequently they are thinking harder about how to grow now with as little exposure as possible. I’m not seeing any stupid growth at the moment and retailers are being thoughtful about every lease negotiation even if they’re opening 200 stores annually. The good news is that retailers are no longer scared to make a commitment, but they want the equivalent of a good prenup agreement or at least a favorable assignment and sublease clause.

While doing research for this special edition, I chatted with dozens of retailers and all of them are looking to lease space. Of course, they want deals that require the least amount of capital expenditures, fewest rent escalations, kick-outs tied to volume or cotenants and as many options as they can get away with. The smart retailers are being realistic with their demands; they’re not asking for the landlord to build the Taj Mahal to their specs, but they do want help with the build-out costs either through an allowance or free rent. Second generation vacancies are being absorbed in better locations at a progressive rate, in part because retailers have become a bit more reasonable in their expectations of what a landlord can afford to do for them. The party line for most major markets is that asking rents have stabilized, while in shopping meccas such as New York City and San Francisco rents are actually increasing. Regional markets and suburbs are also making a comeback. I talked to a number of landlords that had a closed Borders book store and most of them have released or redeveloped the space. My hunch is that any soon-to-beclosed Best Buy stores in major markets will also be released without too much difficulty. There is still some chatter as to what the future holds for Sears, Kmart and a few highly-leveraged chains, but I’ve heard a rewind of that conversation for thirty years and it’s anyone’s guess. I’m seeing regional chains putting their toes into new markets and national chains growing with infill locations, both indicators of positive momentum. Franchisees are also back into expansion mode.

Finally, chains have a renewed confidence to open more locations and deals are getting done.

This issue of The Dealmakers is a testament to the upswing with leads on hundreds of chains and new concepts that are looking to grow.

Features in this issue include coverage on the Children’s Learning Adventure, a chain offering day care and after school programs in a page 8

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large-scale facility; Kid to Kid, a chain of upscale resale shops along with its newest spin off called Cheap Skates that caters to a teen market; Parmida Home Concepts, a chain of lifestyle stores catering to a more affluent clientele and T-Mobile, a national chain that’s ramping up for massive growth. We also have editorial sections covering apparel, supermarket, home-related, restaurant and a whole variety of other retail uses that are looking to grow. It was fun interviewing retailers for this issue, because they were upbeat and enthused about their expansion plans. In our business, if retailers are expanding then everything else works itself out from developers building new centers to banks actually lending money. This special RECon issue also includes our annual State of the Industry report, which surveys about 50,000 shopping center folks with a wide range of responsibilities from Chairman, CEO, vice president, leasing agent, broker, government official, attorney, construction contractor, banker, property manager and all the layers in between. The report gives a good overview of how deals are being structured, what types of uses are the most prolific with new store openings, prevailing Cap rates, what lenders are saying and a general temperature check on the health and wellbeing of the shopping center industry. We’ve been publishing this report for more than a decade and I read every response. For the past few years, I would read the responses while chugging Maalox and eyeballing the hemlock, because too many of the comments were just shy of declaring that the apocalypse was upon us. I’m happy to report that responses to the survey this year were much more optimistic. The consensus is that although retailers are expanding, there isn’t much new construction in the pipeline to break ground this year and the lack of capital is still a challenge. I’m starting to hear faint gurgles from traditional lenders, however too many of them are still unrealistic as to market values and gun shy to any risk. We have an interview with Veronique Longo of Hutensky Capital Partners in this issue and she has valuable insight on the benefits of joint ventures and private equity. Many shopping center owners and buyers responded in the survey that they are so disgusted and disgruntled with trying to land traditional financing that they’re doing more with joint venture partners and private equity to get deals funded. Einstein said that “problems can’t be solved by the same level of thinking that created them” and I’m certain that he didn’t have bankers in mind, but the analogy does easily apply. Nonetheless, the shopping center industry is a creative group of people that rarely let the word “no” sway their aspirations; they just find another way to make deals happen.

The 2012 RECon has the makings to be the most active and productive ICSC event that we’ve seen in years. My hunch is that the show will be controlled chaos with three halls of exhibits and the new Marketplace Mall venue. We’ve included a floor plan in this issue (pages 96-98) to help you maneuver the show and make sure to visit our booth on Q Street and 29th Avenue in the South Hall; you might win a cool prize for just dropping by. I have to wrap it up – have a great show, make lots of deals and have lots of fun in Las Vegas!

Ann O’Neal, Publisher

www.dealmakers.net

New York New York 21 PENN PLAZA

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9TH AVENUE AND 31ST STREET 347 TO 2,310 SF GROUND FLOOR RETAIL SPACE AVAILABLE • Situated in the heart of the revitalized Penn Plaza District, one of New York City’s most up and coming commercial areas and busiest transportation hubs • Full-service commercial office building is surrounded by major area developments including the Moynihan Station, Hudson Yards, Brookfield’s office building project, and the No. 7 train extension • Located one block from Madison Square Garden, and Penn Station, the High Line, US Post Office, and FIT Kaufman Residence Hall • Vented spaces: 1,384 SF; 2,310 SF

Owner/Manager 7 Penn Plaza, NY 10001 | feilorg.com | 212 563 6557 Ari Benmosche | abenmosche@feilorg.com | x275

Visit us at S249 Q Street at RECon 2012.

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children’s learning adventure Makes a big impact with parents, kids and developers Stephanie Weaver

Children’s Learning AdventureTM (CLA), was conceived to change the way parents think about child care. The company offers high quality infant, preschool, and afterschool programs available for children at a pricing that is competitive with surrounding national operators. This combination, along with strategically located facilities throughout major markets in the United States, has made Children’s Learning Adventure the gold standard in the child care industry.

The centers feature such innovations as Imagination Island™, complete with miniature shops for children to learn while playing in real world scenarios; a cutting edge science center, called Laboratory Lagoon™, complete with a planetarium; a multimedia room called Picture Paradise™, a mock TV studio with video cameras, and more; Nature’s Nook™, a botanical garden, and The Reading Reef™, an expansive library that makes reading fun. CLA also features an after-school facility featuring indoor basketball courts, a computer lab, and some centers even feature indoor bowling alleys. CLA centers also feature an advanced security and monitoring system that utilizes electronic swipe cards and fingerprint scanners to control access and monitor attendance.

Facilities that offer interactive learning and cutting edge curriculum aren’t the only things that make CLA a special place for children. The chain’s real estate development program is modeled after the best practices in the retail real estate industry. Unlike most of its competition, CLA takes a retail-like approach to site selection and development, focusing on locations with high traffic counts, excellent visibility to major arterials, strong local demographics, and surrounding retail development. The company’s knowledgeable development team comes from major retailers such as CVS and PetSmart, and is well-versed in tenant rollout programs. The company utilizes preferred development partners, in-house real estate and construction management, and a national network of exclusive retail brokers in each of its core markets to provide strategic input on the site selection process.

The company’s development program revolves around reverse build-to-suit development with its preferred developers and/or land owners. According to Dan Petersen, Director of Real Estate for the company, CLA manages the entire real estate selection, construction page 10

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and design process with its in-house team. CLA’s development partners assist the company with entitlement and permitting issues and fund the development costs in each of its target markets. The company also utilizes national vendors to increase its buying power and keep development costs down.

The first CLA opened during 2008 in the Phoenix market, and the company is in the midst of an aggressive national expansion, actively developing in Houston, Dallas, Austin, Denver, Phoenix, Tucson and Tulsa. The company is currently exploring opportunities in Florida, Southern California and other major markets throughout the country.

Expansion plans call for at least 200 openings nationwide over the next seven years. According to Petersen, CLA has approximately 20 deals in the pipeline for openings throughout Texas, Arizona, Colorado, Nevada and Oklahoma. Several high-profile locations are currently under construction and slated to open this year, including units in the affluent Scottsdale, Arizona and The Woodlands, Texas trade-areas.

The company typically requires two to three acres of commercial land to construct prototypes ranging in sizes from 16,000 square feet to 32,000 square feet. “Our primary focus is the 25,000 square foot prototype,” Petersen said. He continued, “With many of our facilities at-or-over capacity, we are really focused on the larger footprint.” The company’s success continues with the first Houston center filling to capacity in just two months time. Petersen added, “We are now exploring options to expand that location, and utilize our new 32,000 square foot prototype in selected markets.”

“The company prefers sites catering to an affluent trade areas with annual incomes exceeding $80,000,” according to Petersen. Preferred cotenants include the likes of Target, Lifetime Fitness, LA Fitness and major grocers. According to Petersen, the company makes an ideal co-tenant for two reasons: 1) CLA draws 400 to 500 visits daily from high income families, and 2) the facilities have a minimal parking impact the majority of the day. “Parents drop their kids off and pick them up again at the end of the day, so there is short period of time twice a day that people visit us to park,” said Petersen. Along with the company’s preference for high incomes, CLA also seeks trade-areas with a high percentage of children ages 0 to 9. The company also looks for areas with a high density of daytime employees, and may relax some of the other requirements in dense urban employment areas.

CLA is utilizing existing long term relationships with preferred developers in all of its key markets to assist in its roll-out and is currently seeking partners in new markets to help meet its expansion goals.

For more information on the company or its expansion plans, please contact Daniel R. Petersen, Director of Real Estate, Children’s Learning Adventure Childcare Centers; 602-707-6989; Email: dpetersen@childrenslearningadventure.com; Web site: www.childrenslearningadventure.com.

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FIRST FLOOR 376 FULTON STREET BROOKLYN, NEW YORK

• Located in one of the most successful shopping districts in the New York metropolitan area attracting over 100,000 shoppers a day • Neighboring businesses include over 450 retail stores, 5 colleges and universities, NYC Supreme Court, Marriott Hotel and more • One of New York’s greatest transit hubs with over 120,000 commuters daily

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Visit us at S249 Q Street at RECon 2012.

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kid to kid and uptown cheapskates Grow Nationally Stephanie Weaver

Kid to Kid, a 75-unit chain, offers a merchandise mix of everything growing kids wear, use, or play with - clothes from newborn to size 14, shoes, coats, toys and books, dancewear, costumes, school uniforms, and baby equipment such as strollers and carriers - in addition to maternity fashions for expecting moms at prices up to 70% less than discount department stores. With “children grow faster than paychecks” as its slogan, the concept sources its goods from the local communities in which it is based, and pays cash or in-store credits for gently used, top quality items that children have outgrown, or mothers no longer need. The company, a part of Basecamp Franchises, LLC, is spinning off a new concept called Uptown Cheapskate. The new concept takes over where Kid to Kid leaves off and focuses on teens and young adults. Since the opening of its first store in 1994, the chain has seen a dramatic growth spurt with 73 stores now operating in the U.S. and two units internationally. Continuing in its expansion mode, the company expects to open another twelve stores this year.

The company’s success is not only because it helps parents save cash; it also helps to keep the environment green by recycling items, and to top it off the stores are community-centric with almost all of the expenditures for inventory and the sales revenue from the store staying within the local economy. Kid to Kid is local shopping in its truest form with product for the stores being obtained from the closets of its customers, most of which reside within three to five miles of the store. The company makes a tremendous effort to welcome parents, not only with a clean, well-stocked, and kidfriendly environment, but also with the feel of a traditional retail store

rather than that of a thrift store. According to We want a higher income bracket Merrick Wright of Interwhere affluent shoppers and Comm Realty Reps, the master broker for the value seekers will find a “common company, Shauna and ground” shopping environment Brent Sloan came up with the idea for Kid to Kid after they visited an upscale children’s resale shop. “As an attorney and shopping center executive, Brent was surprised by the quality of items found at a good value in a second-hand store,” explained Wright. “They realized that there was an affluent clientele that would find an upscale children’s resale concept attractive. Convinced that no operator had fully maximized the potential of the resale concept, the Sloans set out to create a children’s resale retail platform to cater to an affluent customer base.” To that regard, the chain’s demographic model calls for a population count of 100,000 in a three to five-mile radius with $70,000 as the average household income. “We’re trying to not be in low income areas so we don’t get low quality clothing,” explained Daniel Pitts with Velocity Retail a brokerage firm assisting Wright. “We want a higher income bracket where affluent shoppers and value seekers will find a “common ground” shopping environment.”

“Customers visit the stores often to see what new items have come in, rather than seeing only seasonal shipments as experience in most first run soft goods retailers,” stated Wright. “This constantly rolling inventory increases traffic counts within a shopping center, which helps all surrounding tenants, and leaves landlords very happy that they have completed deals with Kid to Kid.” The stores maintain consistency with its merchandise mix by reviewing products that customers bring in for quality. They also will transfer products from store to store in case one location gets too heavy with a certain product line. According to Pitts, most of the merchandise is reviewed right at the checkout counter when the items are brought in. The company also supplements the stock with a small mix of new product, however its use of proprietary software based appraisal system to properly price and acquire gently used product has been a key component to maintaining a well-stocked merchandise mix, according to Darin L. Hicks of BaseCamp Franchising. Also contributing to its success, Kid to Kid is dedicated to providing robust training and technological support to new franchise owners. “Each licensee goes through a training process,” stated Pitts.

“They go through several weeks of training and then a five day internship which entails working at an operating Kid to Kid store. This shows them how it is done. Kid to Kid wants to make sure their licensees are not only financially capable, but also well trained. Store layout, fixtures, design and advertising are consistently applied as part of the franchise package.” (continued on page sixty-six)

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parmida home concepts Entertains Expansion Nationwide

Stephanie Weaver

Parmida Home Concepts opened its first unit in Dallas, Texas during the fall of 2010. The concept has become a leading destination retailer for home décor, accessories and gifts for the hostess of the home. Each store has been designed to provide a vision for people who wish to furnish their home with a distinctive selection of indoor/outdoor furniture, in addition to offering gift items as well as a gourmet section and other items used to entertain guests. According to Siotha Vest, general manager, Parmida Home Concepts has a merchandise mix that touches on every aspect of the home.

The inventory includes wall art, collectable dinnerware, bath and body collections, to a gourmet department with hundreds of varieties of coffees, teas and specialty food items.

The furniture lines include top quality, heirloom-inspired furniture crafted from eco-friendly and sustainable materials with price points often at 50% or less than wholesale.

The privately-held company is headed

by Siotha Vest and marketing manager Jennifer Campbell.

Vest has been with Parmida Home Concepts since the company’s inception and is responsible for its expansion. Existing stores include locations at The Village at Stone Oak in San Antonio, Texas, which page 14

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opened during September and marked the chain’s ninth unit.

Existing stores are also located in Colorado, Illinois, Missouri, Ohio and Tennessee.

Expansion plans call for the store count to reach 20 units, should the right opportunities present themselves. Parmida Home Concepts occupies spaces of 9,000 square feet to 11,000 square feet, primarily in lifestyle centers located within suburban and metropolitan areas. Growth opportunities are sought nationwide. The chain’s target demographic is mainly, but not limited to, educated women between the ages of 35 and 65 with average annual household incomes of $80,000 or more. Preferred co-tenants include Talbots, J. Crew, Coldwater Creek, Ann Taylor Loft, Banana Republic and White House Black Market, just to name a few. Parmida Home Concepts hand-picks its locations based on a complex demographic formula and can project sales and profit forecasts based on the five-mile radius of household incomes and competition.

Charlie Koniver and Mitch Friedel of Thor High Street Advisors are assisting Parmida Home Concepts with its national roll-out. Thor High Street Advisors assists retail chains to maximize the representation of their brands in a quality way—in a way that allows tenants to maximize traffic and sales, and build a business with a highly success for-profit retail model.

For more information regarding site selection opportunities for Parmida Home Concepts, contact Charlie J. Koniver, Thor High Street Advisors, 917-522-8604; 25 West 39th Street, New York, NY 10018; Email: ckoniver@thorhighstreet.com; Web sites: www.parmidahome.com and www.thorhighstreet.com.

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t-mobile Ramps Up Expansion

Stephanie Weaver

T-Mobile USA, Inc., a global chain offering wireless communication devices and services, is embarking on a roll-out of its new global design concept stores with a contemporary approach to branding, reflected in its eye catching and color-defined signage, and innovative merchandise displays, along with a refined layout. The new store design and signage package was adopted from its parent-company Deutsche Telekom AG. T-Mobile currently operates more than 3,000 locations nationally, including branded partner stores. During 2011, the chain grew by more than 200 locations nationwide and remodeled nearly 700 stores. All of the newer stores and over half of the 700 remodels incorporated the new global design modeled after its parent company’s stores in Europe. Plans for 2012 entail 200 to 400 store openings utilizing the new global design concept.

Also this year, up to 800 existing stores will be converted to the new global design concept. T-Mobile’s attention to details in its new design concept has been welcomed by shoppers. The new design has simplified both how the product is displayed and how the customer moves through the process of purchasing services. A simplified shopping experience is achieved in an open sales environment along with merchandise displays that enable customers to view a range of products, graphics easily identifying each section of the sales floor, video monitors that offer an interactive experience, and comfortable seating areas for customers to receive personalized consultations in a private environment. The overwhelming positive reception from U.S. consumers to the new global design concept has been a catalyst to the chain ramping up expansion.

To keep up with customer demand and to facilitate a rapid market penetration, T-Mobile is not only growing with corporate-owned stores, but also with partner-operated stores, as part of T-Mobile’s Premium Retailer program. Debra Coates, senior director of store development, explained, “Partner-operated stores are not franchised. Both corporate page 16

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Dealmakers

and partner stores are included in the projection of 200 to 400 openings annually.” As part of the site selection parameters, future stores will be located no more than two miles from an existing location, with densely populated urban areas being an exception. The chain has no sensitivity to competition being in close proximity; however ample parking in close proximity is crucial. Supermarkets, specialty lifestyle stores and restaurants are doable cotenants, as long as the site has a high parking ratio. Ideal sites are end caps, without a three-sided glass storefront, and outparcels, also locations within malls and urban areas are of interest.

Optimum footprints offer 20 feet of frontage and range from 1,800 square feet to 2,400 square feet for stores on end caps and outparcels of strip and power centers, while 800 square feet in malls and urban storefronts is ideal. A five-year primary term with options or a ten-year term, with a five-year kick out, is the typical lease term. Potential sites should be near or within regional or dense shopping corridors offering high pedestrian counts or traffic counts between 25,000 and 50,000 vehicles per day. Demographic requirements include a population count of at least 75,000 in a three-mile radius earning at minimum $40,000 as the median household income. Growth opportunities are sought nationwide.

T-Mobile’s site review process is painless, responsive and speedy. Coates said, “Every site submittal through the web site is reviewed the week it’s submitted and decisions are made without the delays commonly encountered with large-scale chains.” T-Mobile’s real estate department also enlists the assistance of Jones Lang LaSalle’s brokerage services. The company’s dedicated web site for its real estate department can be found at www.t-mobilerealestate.com and this is the portal for which landlord and brokers should use to submit potential sites. The submission process is a few steps with basic information required from the broker or landlord and a commentary on why the site is a logical location for a new store.

T-Mobile’s real estate department has built an infrastructure to ensure rapid growth by implementing a stream-lined site submittal process, holding timely real estate reviews and ultimately executing hundreds of leases annually.

For more information contact the T-Mobile Real Estate hotline at 877867-1662 or visit www.t-mobilerealestate.com.

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hutensky capital partners Unlock Capital and Creativity Stephanie Weaver

Brad Hutensky President and Fund Manager

Veronique Longo Vice President

John Carey Executive Vice President

George Demuth Senior Vice President

page 18

Hutensky Capital Partners, based in Hartford, CT, and freestanding locations. The fund prefers to focus is a real estate fund manager that invests solely in on transactions valued at more than $15 million. The retail assets. For 30 years, HCP’s team has leased, company also prefers sole-sourced and thinly marketed managed and developed more than 250 retail assets. deals that provide a discount for a fast, all-cash close.

The team includes president and fund manager Brad Opportunities for acquisitions that offer leasable Hutensky; vice president Veronique Longo; executive vacancies, buildable land, or capital needs that convert vice president and director of asset management John into appreciation will also be considered by Hutensky Carey and senior vice president George Demuth. Capital Partners.

HCP’s focus on generating attractive, risk-adjusted returns for its investor roster, which includes some It is HCP’s 30 years of ownership and development of the nation’s most prestigious foundations, pension experience that sets them apart from other equity funds, endowments and educational institutions, has providers and/or lenders. “We’re entrepreneurial, been the root of its success since its inception during and our fund and our people are firmly rooted in 2008. According to vice president Veronique V. Longo, the shopping center industry. We put it right on our the fund was created as a platform to enhance the stationary and business cards: Creative Capital. execution of a successful retail real estate investment Retail Smart,” stated Longo. Examples of HCP deals strategy and to deal with a dynamic real estate capital are: the purchase of performing distressed loan on a market. Hutensky Capital Partners invests exclusively newly constructed, quality shopping center located in retail assets, because they Stonebridge Redevelopment | Richmond, VA stick to what they know. “Our entire team is experienced in retail real estate and our belief is that an investor that combines hands-on real estate knowledge with capital is a powerful combination,” stated Longo.

One of the most active endeavors of Hutensky Capital Partners is its equity investments with joint venture operating partners. “We see so many strong shopping center people who have quality projects, either existing or in development, who would benefit from our capital,” explained Longo. “We feel these operators also benefit from our extensive retailer relationships and operating experience. Our ability to provide capital allows the owner or developer to execute or to improve a successful retail asset.” The fund also offers capitalization for recapitalization, joint venture equity and development equity needs. HCP pursues value-add retail opportunities in major markets; equity joint ventures with experienced local partners for new and redevelopments; releasing and repositioning of centers, and the acquisition of retail assets. The acquisition criteria also includes shopping centers with gross leasable areas of 75,000 square feet or more in major markets between Boston, Massachusetts and Miami, Florida, with a focus on metropolitan statistic areas having populations of one million or more.

Suitable properties include shopping centers anchored by supermarkets and/or big box tenants with credit, as well as community, neighborhood and power centers

May 25, 2012

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in Phoenix, Arizona owned by a prominent local developer at significant discount to face value that completed a restructure with the borrower. The company also purchased an urban enclosed mall in a vibrant downtown market at an attractive, riskadjusted price. Hutensky Capital Partners is working on optimally redeveloping the property to help unlock its true potential. “We provide flexible capital and really understand the owner and developer’s role,” said Longo. HCP’s combined expertise as a developer, owner and investor offers the impetus required for quick underwriting and decision making. With its fully discretionary funding, Hutensky Capital Partners forgoes the red tape, which leads to a more streamlined due diligence process and no delays in the decisionmaking process.

For more information, contact Veronique V. Longo, Vice President, Hutensky Capital Partners, 100 Constitution Plaza, 7th Floor, Hartford, CT 06103; 860-297-4585, Fax 860-706-0076; Email: vlongo@hcpfund.com; Web site: www.hcpfund.com.

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state of the industry 2012 The Dealmakers’ annual State of the Industry report for 2012 surveyed approximately 50,000 individuals nationwide that collectively have the day-to-day responsibilities of retail development, brokerage, leasing, sales, acquisitions, financing and property management, in addition to legal counselors and government officials. The annual survey provides the shopping center industry with a benchmark to the national trends, changes and momentum of retail real estate. It offers insight to leasing and sales activity; emerging and expanding retail uses; how your peers are structuring lease terms, tenant improvement allowances and what is the typical window from the initial site analysis to an executed deal; a look at how much new construction of retail sites is in the pipeline; what are the prevailing Cap rates; who’s buying and lending; and general overview on where we are at as an industry. Most respondents are encountering an upswing in transactions from executed store leases to closed sales of retail sites, however nationally the lack of financing opportunities continues to put a drag on a fast recovery.

Lack of capital was noted as the single most challenging aspect of doing business in 2012. The survey results suggest that leases are being signed predominantly with mom-and-pop tenants, franchisees and restaurant operators. As to new construction of shopping centers, this aspect of the industry is extremely quiet from coast to coast, and barring a few exceptions, responses for the most part noted that they have no intentions of breaking ground on any retail projects for the next year. Dispositions of retail chains were of no concern for most of the respondents and beyond obtaining funding, there were few complaints. The prevailing mindset for the shopping center industry is that business is on an upswing and there is optimism about the economy and the future of retail real estate. ”We are ready to make money,” was a frequent response.

Leasing activity is picking up from coast to coast based on the consensus of the survery.

Nationally, major metropolitan urban markets appear to be faring the best with leasing vacancies, which is historically the first type of retail space to encounter a turnaround when the economy takes an upswing. Steven Baker, president of Winick Realty Group LLC, is involved with leasing and acquisitions in the New York City market. Baker is seeing strong activity in the leasing of retail space throughout the sub-markets of Manhattan, such as SoHo, Times Square and the Upper West Side.

He anticipates the improved trend in leasing activity to continue.

Baker cites leasing on the stretch of storefronts along Fifth Avenue has been active and in this area, the asking rents have increased by approximately 21% in the past year. As the senior vice president and director of retail division of the San Francisco Bay area for Colliers International, James McMasters leases retail sites throughout the entire

… rents in most major urban areas have now reached or exceeded pre-recession levels.

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Bay area and is seeing a substantial increase in activity. McMasters noted that his office’s transaction volume is dramatically up over last year and that activity has increased on all fronts. Moreover, rents are increasing and vacancies are dropping or being absorbed at a higher rate, while most of the big box vacancies in the Bay area have been absorbed, according to McMasters. A broker specializing in the leasing, sales and property management of urban retail and mixed-use sites in Baltimore, Maryland noted that leasing of urban storefronts is active and that the merchants operating in urban Baltimore market are doing well. Faith Hope Consolo, chairman of the retail group for Prudential Douglas Elliman Real Estate, oversees the retail division of 50 offices around the country, and works with tenants and landlords globally. Consolo cites that rents in most major urban areas have now reached or exceeded pre-recession levels. The suburban markets are also seeing resurgence in retail leasing and sales. Michael Fisher, with Cornerstone Commercial Partners, LLC, is involved with brokerage, leasing, sales and property management in the northwestern suburbs of Chicago. Fisher noted that most of his recent leases were with mom-and-pops, however a large catalyst to absorption of vacancies in the suburbs of Chicago are from franchisees and national chains. Al Isaac, president of NAI Isaac, is involved with leasing, acquisitions, brokerage, retail site selection, dispositions and property management in Kentucky, with a focus on Lexington and the central region of the state. Isaac noted that commercial real estate in the Lexington and central region of the state recovered well in 2011 and that positive momentum has continued in 2012. Isaac stated that there has been greater leasing activity and absorption across all sectors and that retail space available for sublease has greatly diminished within his market. Henry Forster, vice president of Core Development Group, Inc., is involved with all aspects of retail real estate and focused on the the suburban Maryland market, primarily the Montgomery and Frederick counties. Forster noted that 2011 ended on an upswing and 2012 seems to be cautiously holding that course. Steve Bowden, economic development director for Hurst, Texas notes that redevelopment in certain parts of Hurst is on the upswing, and in his municipality, leasing transactions have increased. Kirk Clennan, economic development director for the municipality of Leander, Texas, is also seeing a positive momentum this year. From a national perspective, Ira Fierstein, the national chair of the leasing group at Seyfarth Shaw LLP, a law firm with more than 800 attorneys stateside and in London, negotiates retail leases every day. Fierstein also noted that retail lease transactions are on the upswing. In the past year, Fierstein observed many more national retail tenants recommence expansion plans that were put on hold the last three or four years and consequently, retail vacancy factors in secondary markets are shrinking. The consensus of the respondents is that leasing in all types of retail settings is showing remarkable improvement during the past six months.

Tenants that are the catalyst to the new and welcome trend towards lower vacancy ratios are predominately made up of mom-and-pop retailers, franchises, entertainment and restaurant concepts, along with professional service providers, such as medical, legal and banking, in addition to international chains entering the states. Baker recently made deals in New York City with AT&T, as well as franchisees for Dunkin’ Donuts and Subway, and local tenants with multiple

www.dealmakers.net

(continued on page eighty-three)

Chicago Brooklyn

Soho Westport

Georgetown

Miami

Greenwich LEASING Chris Conlon cconlon@acadiarealty.com

ACQUISITIONS Joel Braun jbraun@acadiarealty.com

ICSC C143 J STREET 800.227.5570 www.acadiarealty.com

New Construction NV Retail is preleasing Clarksburg Village Center, a 110,000 sq.ft. project located at the intersection of Newcut Road and Snowden Farm Parkway in Clarksburg, MD. Area demographics include a population of 126,101 within five miles earning $103,259 as the average household income. The company is also preleasing phase two of Rutherford Crossing, a 400,000 sq.ft. shopping center located at the intersection of Interstate 81 and Martinsburg Pike/Route 11 in Winchester, VA. Shop spaces from 1,200 sq.ft. to 4,000 sq.ft. are available along with pad sites and anchor positions.

Cotenants include Chick-fil-A, Lowe’s Home Improvement, McDonald’s, Party City, Target, Texas Roadhouse, Maurices, Sleepy’s and Famous Footwear. Area demographics include a population of 136,603 within a 20 minute drive-time earning $60,763 as the average household income. The average daily traffic count is 63,000 vehicles. The company is also preleasing Lovettsville Square, a mixed-use project located at the intersection of West Broadway and Berlin Turnpike/Route 287 in Lovettsville, VA. Spaces of 12,000 sq.ft. and 18,000 sq.ft. are available, along with a one-acre bank pad site. The site features an 84,000 sq.ft. retail component and a 20,000 sq.ft. office component. Area demographics include a population of 17,797 within a 15 minute drive-time earning $105,024 as the average household income. The average daily traffic count is 10,000 vehicles.

For more information, contact Judd Bostian or Jack Waghorn, NV Retail; 703-448-4312 or 703-448-0587; Emails: jbostian@nvretail.com and jwaghorn@nvretail.com; Web site: www.nvretail.com or www.clarksburgvillagecenter.com.

Carpionato Properties is developing Franklin Street Center, located at the intersection of Ivanhoe Drive and Franklin Street in Westerly, RI. Shop spaces of 3,419 sq.ft. and 43,000 sq.ft. are available. Area demographics include a population of 69,548 within 10 miles earning $85,243 as the average household income. The average daily traffic count is 21,300 vehicles. The company is also developing Stonehill Marketplace, an 830,000 sq.ft. shopping center located along Atwood Avenue/Route 5 in Johnston, RI. Cotenants include Home Depot, Burlington Coat Factory, PetSmart, Deal$, Ruby Tuesday, Sleepy’s and Kon Asian Bistro.

Shop space from 3,850 sq.ft. to 135,870 sq.ft. is available. Area demographics include a population of 418,795 within seven miles earning $63,277 as the average household income.

For more information, contact Mark Briggs, Carpionato Properties, 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800; Email: mbriggs@carpionatoproperties.com; Web site: www.carpionatoproperties.com.

White-Spunner & Associates, Inc. is developing Hillwood Plaza, a 74,450 sq.ft. center located in Mobile, AL. Publix will anchor the center. Construction on the project is slated to begin during late summer with an opening projected for summer 2013.

For more information, contact WhiteSpunner & Associates, Inc., PO Box 7475, Mobile, AL 36670-0475; 251471-1000, Fax 251-471-1785; Web site: www.white-spunnerassoc.com.

EWB Development, LLC is developing The Outlets at Corpus Christi Bay, located in Corpus Christi, TX. Phase one, which will encompass 281,526 sq.ft., is slated to open in late 2013.

For more information, contact Lisa Quier Wagner, EWB Development, LLC; 703-3468098; Email: lwagner@ewbdevelopment.com.

Or John Flint, Lockard Cos.; 319-404-4509; Email: jflint@lockardonline.com.

Selleck Development Group is redeveloping The Shoppes at Westlake, a 243,500 sq.ft. center situated on 21.5 acres along Russell Ranch Road in Westlake Village, CA. For more information, contact Selleck Development Group, 2660 Townsgate Road, Suite 250, Westlake Village, CA 91361-5720; 805-495-5400. page 22

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Developers Realty Corp. is preleasing Shops at Old York, a 16-acre project located along Old York Road in Cumberland, PA. The proposed site plan calls for a 53,000 sq.ft. anchor and small shop spaces from 3,000 sq.ft. to 5,000 sq.ft. along with two 1.5 acre pad sites. The site is adjacent to a CVS. Area demographics include a population of 322,277 within 10 miles earning $65,816 as the average household income.

For more information, contact Kelly Voss, Developers Realty Corp., 1224 Mill Street, Building D, Suite 103, East Berlin, CT 06023; 860-561-0121, Fax 860-521-4323; Email: kelly@devleopers-realty.com; Web site: www.developers-realty.com.

Related Cos. is developing a mixed-use project situated on three acres along Ocean Avenue in Santa Monica, CA. The project will include a ground-floor retail component and a 318-unit multifamily component.

For more information, contact Related Cos., 60 Columbus Circle, New York, NY 10023; 212-801-1000; Web site: www.related.com.

Dealmakers

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Edens is redeveloping Arlington Ridge, located at the intersection of South Glebe Road and South Long Street in Arlington, VA. Giant and Gold’s Gym anchor the project and cotenants will include Arlington Diner, Domino’s, Starbucks and Caring Hands.

Area retail includes Target and The Village at Shirlington, featuring Harris Teeter, Subway, Hair Cuttery, Johnny Rockets.

Area demographics include a population of 201,080 within three miles earning $94,835 as the average household income.

The average daily traffic count is 27,000 vehicles.

For more information, contact Kristy Inman, Edens, 1221 Main Street, Suite 1000, Columbia, SC 29201; 301-347-3964; Web site: www.edens.com.

National Realty & Development Corp. is preleasing Lincoln Plaza, a 197,500 sq.ft. project situated on 27.5 acres along Route 30/York Road in Gettysburg, PA. Shop spaces from 14,000 sq.ft. to 88,000 sq.ft. are available. Completion is slated during fall 2013. Area retail includes CVS, Dollar Tree, Giant, Peebles, Staples, Walmart and Weis. Area demographics include a population of 162,977 within 15 miles earning $63,057 as the average household income. The average daily traffic count is 16,540 vehicles.

For more information, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com.

Carolina Holdings is developing a project on the site of a former Sonic Drive-In at Midtowne Plaza, located along Clemson Boulevard in Anderson, SC. Tenants at the project will include Chipotle and Starbucks.

Area retail includes Midtowne Park, featuring Kohl’s, Staples and Dick’s Sporting Goods.

For more information, contact Carolina Holdings, 40 West Broad Street, Suite 410, Greenville, SC 29601; 864-2720088, Fax 864-272-0078; Web site: www.choldings.com.

Metropolitan Management Co. is preleasing The Village at Odenton Station, a 400,000 sq.ft. mixed-use project located at the intersection of Town Center Boulevard and Duckens Street in Anne Arundel County in MD. Shop space of 900 sq.ft. to 9,000 sq.ft. is available. The site features 235 apartment units and a 57,000 sq.ft. retail component.

For more information, contact Patricia Palumbo, Metropolitan Management Co.; 410-902-0290; Web site: www.odentonstation.com. (continued on page sixty-eight)

REAL ESTATE

W e h av e b i g p l a n s f o r f u t u r e g roWt h and We Want you to be a part of them 7-Eleven is still growing thanks to our fresh, continuously evolving customer

7-Eleven can convert sites of all types:

offerings, commitment to great landlord relationships, and success at keeping

• Strip center space

our sites welcoming and well maintained. Our company is actively seeking

• Urban storefront

real estate partners who can help us meet our ambitious goals. We consider

• Freestanding building with parking

all types of development, including purchase, lease and build-to-suit.

• College campus

Visit us at RECon, Booth #S481 Q Street.

• Airport location • Ground-up retail parcel

To learn more, call the Regional Director in one of our growth locations listed below.

San Diego / AZ / S. NV Utah / CO / MO / KS Steve Oliver 303-740-2917 Stephen.Oliver@7-11.com

Los Angeles Mike Austin 714-307-0872 Michael.Austin@7-11.com

Western Canada OR / WA / N. CA / N. NV Marc Clough 206-304-1902 Marc.Clough@7-11.com

Toronto / NY / MA PA / NJ / CT / RI Ken Barnes 800-450-3693 Kenneth.Barnes@7-11.com

VA / MD / DE District of Columbia Armand Keurian 908-803-2641 Armand.Keurian@7-11.com

Texas / IL / MI Mike McCormick 313-378-8466 Mike.Mccormick@7-11.com

Florida Grant Distel 702-445-4313 Grant.Distel@7-11.com

This is not an offer to sell a franchise. An offer can only be made in applicable states with authorized documentation. 7-Eleven Inc. One Arts Plaza 1722 Routh St. Suite 1000 Dallas, Texas 75201

Buyers and Sellers Cole Real Estate Investments is seeking to acquire multi-tenant retail properties.

Suitable sites include power, community and grocery-anchored centers with long-term NNN or NN anchor or junior anchor leases, located in strong trade areas and priced at $10 million or more. The company also acquired Fairlane Green, a 270,000 sq.ft. power center in Allen Park, MI for $47 million. The center was 97% leased at the time of the sale, with tenants including T.J. Maxx, Michael’s, Gap, Panera Bread, Bath & Body Works, Five Below, Famous Footwear and Carter’s. The company also acquired the 65,000 sq.ft. Indian Lakes Crossing shopping center in Virginia Beach, VA for $14.2 million; Kyle Marketplace, a 219,000 sq.ft. center in Kyle, TX for $45 million; The Parke, a 90,000 sq.ft. center in San Antonio, TX for $7.25 million; the 78,000 sq.ft.

Silverado Plaza in Tucson, AZ for $9.25 million; the 153,000 sq.ft. Cleveland Town Center in Cleveland, TN for $17.65 million; the 77,000 sq.ft. Crossroads Marketplace in Warner Robbins, GA for $11.25 million; the 53,000 sq.ft. Shoppes of Sugarmill Woods in Homosassa, FL for $8.1 million; Midtown Park, a 167,000 sq.ft. center in Anderson, SC for $25.6 million, as well as the 83,000 sq.ft. Belleview Plaza in Pensacola, FL for $8.2 million.

For more information, contact Scott M. Holmes, Clint Marchuk or Thomas P. Falatko, Cole Real Estate Investments, 2325 East Camelback Road, Suite 1100, Phoenix, AZ 85016; 602-778-6182/6226 or 202-625-4345.

Coldwell Banker Commercial is selling a 24,000 sq.ft. building located along U.S. Highway 27 in Lake Wales, FL. The asking price is $1.975 million. The company is also selling a 2,400 sq.ft. 7-Eleven situated on 0.42 acres along East Fourth Plane in Vancouver, WA. The tenant is bound to a 10-year NNN lease featuring 10% rent escalations every five years and four, five-year options. The asking price is $1.37 million with a Cap rate of 6%.

For more information regarding the Lake Wales property, contact Rick Rupp or Todd Dantzler, Coldwell Banker Commercial; Emails: rick@srdcommercial.com and todd@srdcommercial.com; Web site: www.srdcommercial.com. For more information regarding the Vancouver property, contact Derek Federinko or Allan Evridge, Coldwell Banker Commercial, 1500 D Street, Vancover, WA 98663; 360823-5107/5115, Fax 360-823-1107/1115; Emails: derekf@cbcworldwidenw.com and allane@cbcworldwidenw.com; Web site: www.cbcworldwidenw.com. page 24

May 25, 2012

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Donahue Schriber acquired The Crossings at Paso Robles, a 310,161 sq.ft. center located at the intersection of Highway 101, Highway 46 and Theatre Drive in Paso Robles, CA. Target anchors the center and tenants include Ross Dress for Less, OfficeMax, Orchard Supply Hardware, Michaels and Petco. The average daily traffic count is 60,000 vehicles.

The company acquired the property from Ellis Partners. The company also acquired Mandalay Village Marketplace, a 193,964 sq.ft. center located at the intersection of Wheelhouse Avenue and Channel Islands Boulevard in Port Hueneme, CA. Ralphs and CVS anchor the center. The company acquired the property from Western Communities.

The company was represented by Epsteen & Associates in the transaction.

For more information, contact Donahue Schriber, 200 East Baker Street, Suite 100, Costa Mesa, CA 92626; 714-5451400, Fax 714-545-4222; Web site: www.donahueschriber.com.

Prince Commercial Real Estate Services, Inc. negotiated the sale of Santa Fe Springs Promenade, a 114,629 sq.ft. center situated on 8.22 acres at the intersection of Telegraph Road and Orr and Day Road in Santa Fe, NM. Milan Capital Management acquired the property from F. J. Hanshaw Properties for $23 million. The company represented both the buyer and the seller in the transaction.

For more information, contact Prince Commercial Real Estate Services, Inc., 2601 Main Street, Suite 540, Irvine, CA 92614; 949-852-1300, Fax 949-852-8300; Web site: www.princecommercial.com.

NAI Keystone Commercial & Industrial, LLC is selling a 6.41 acre parcel located along Allentown Pike in Temple, PA. Area retail includes Walmart and Sam’s Club. The asking price is $3.2 million. The company is also selling a building along Perkiomen Avenue in Reading, PA. The average daily traffic count is 22,000 vehicles. The asking price is $4.25 million. The company is also selling a 24,886 sq.ft. building situated on 2.78 acres along Lancaster Pike in Shillington, PA. For more information, contact NAI Keystone Commercial & Industrial; 610-7791400; Web site: www.naikeystone.com.

Urstadt Biddle Properties, Inc. acquired the Orangetown Shopping Center, a 75,000 sq.ft. center located in Orangetown, NY. The center is 96% occupied and CVS anchors the property.

For more information, contact Willing L. Biddle, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-863-8200.

Dealmakers

www.dealmakers.net

Sperry Van Ness, LLC negotiated the sale of a 7,200 sq.ft. mixed-use property located along West Loop in Chicago, IL. The property was acquired for $725,000 and will be converted to include retail, office and residential uses.

The company is also selling a freestanding Jiffy Lube located on Centennial Boulevard in Colorado Springs, CO. The absolute NNN lease has 14 years remaining on the term.

The asking price is $1.35 million with a Cap rate of 7.35%.

For more information regarding the Chicago property, contact Scott R. Maesel; 312676-1860; Email: scott.maesel@svn.com.

For more information regarding the Colorado Springs property, contact Kevin Matthews or Troy Meyer, Sperry Van Ness, 303-565-3903 or 303-830-2327; Emails: kevin.matthews@svn.com and troy.meyer@svn.com; Web site: www.svn.com.

AEI Capital Corp. acquired a 4,200 sq.ft.

The Vitamin Shoppe located in Florence, SC for $1.54 million. The company also purchased a 19,000 sq.ft. Tractor Supply Co. in Starkville, MS for $2.85 million.

The company also acquired an 8,300 sq.ft.

Family Dollar located in Columbus, GA for $1.559 million.

For more information, contact Ian M. Harrison, AEI Capital Corp., 1300 Wells Fargo Place, 30 East 7th Street, St. Paul, MN 55101; 651-225-7729; Email: iharrison@aeifunds.com; Web site: www.aeifunds.com.

Mid-America Real Estate negotiated the sale of Fairlane Green, a 269,918 sq.ft. regional power center located in Allen Park, MI to Cole Real Estate Investments. The property was acquired for $47 million and is anchored

by T.J. Maxx, Barnes & Noble, Michaels, Ulta, Gap and Five Below. Target shadowanchors the site. The company represented the seller.

For more information, contact Ben Wineman or Brad Rosenberg, Mid-America Real Estate; 630-954-7300; Web site: www.midamericagrp.com.

Hanley Investment Group negotiated the sale of a 3,664 sq.ft. La Barca Restaurant situated on 0.51 acres along Washington Boulevard in Pico Rivera, CA. The property was acquired for $1.4 million. The company represented the seller and Pinnacle Real Estate, Inc. represented the buyer in the transaction.

For more information, contact Kevin T. Fyman, Hanley Investment Group; 949-585-7610; Web site: www.hanleyinvestment.com. (continued on page fifty-eight)

Experience. Strength. Stability.

Retail Office Medical Mixed-Use Multi Family

for more than 20 years, Cullinan Properties, Ltd. has been one of the premiere providers of commercial and mixed-use real estate services. We’ve built our reputation building strong relationships and successful projects, and although the market has changed our commitment to excellence remains the same.

At Cullinan we turn real estate into reality with more than $600 million in successful real estate projects completed to date.

BUILD ON OUR EXPERIENCE and REPUTATION

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309.999.1700 CHICAGO, IL | PEORIA, IL | ST. LOUIS, MO

www.cullinanproperties.com

Turning real estate ideas into reality.

Who’s Opening and Where Darden Restaurants, Inc. (407-245-4000) plans to open 85 to 90 restaurants this year, including 35 to 40 Olive Garden restaurants, one Capital Grille, two Season 52 restaurants and two Bahama Breeze restaurants. The company also plans to open a 9,300 sq.ft.

Seasons 52 and an 8,500 sq.ft. Bahama Breeze at West Windsor Mall in West Windsor, NJ. The stores will join Eastern Mountain Sports at the site and are slated to open during late 2013 and early 2014. The company currently operates 1,900 locations trading as Season 52, Red Lobster, Olive Garden, Longhorn Steakhouse, The Capital Grille and Bahama Breeze.

Jo-Ann Stores, Inc. (330-656-2600) plans to open a Jo-Ann Fabrics store at a former Roberts Arts and Crafts located along East State Road in American Fork, UT this summer.

It will be the company’s 12th location in the state. The chain currently operates 770 stores nationwide throughout 48 states and plans to open 30 stores this year and approximately 100 locations by 2015.

Niemann Foods, Inc. (217-221-5600) plans to open a Country Market store located at the intersection of Second Street and Carpenter Street in Springfield, IL. The supermarket is slated to open in early 2013.

H !

T R I E W D GO RKET LEyATHInG LESS? A MA fOR An LE T T E S WHy

Wal-Mart Stores, Inc. (479-273-4000) plans to open a 137,000 sq.ft. Walmart store in Tigard, OR during October 2013. The store will include groceries, housewares and a pharmacy. The company is also planning to open a Walmart Market in a former King Scoopers located at the intersection of Platte Avenue and Murray Boulevard in Colorado Springs, CO. The store is slated to open during the fall. The company is also planning to open a Walmart Market at the intersection of South Academy Boulevard and Chelton Road in Colorado Springs, CO. The store is slated to open early next year. Two other Walmart Markets will be built in the area including one at a former Albertsons at the intersection of Austin Bluffs Boulevard and Academy Boulevard and at the intersection of Union Boulevard and Lelaray Street. Construction on both is slated to begin later this year. The company also plans to open a 152,000 sq.ft.

Walmart Supercenter on Wrightsboro Road near North Leg Road in Augusta-Richmond County, GA. Construction is slated to begin during March 2013 and the store is slated to open during March, 2014. The company currently operates more than 9,000 locations nationwide and internationally throughout 15 countries, including 3,016 Walmart Supercenter locations and 160 Walmart Market stores.

Nordstrom, Inc. (206-628-2111) will open a Nordstrom Rack at Huntington Shopping Center, located along Route 110 in Huntington, NY. The store is slated to open during the fall. The company also plans to open a 35,000 sq.ft Nordstrom Rack at Colonies Crossroads, located at the intersection of Foothill Freeway and Campus Avenue in Upland, CA. The store is slated to open during 2013. The company plans to open a total of 16 stores this year, including one full-line location and 15 Nordstrom Rack stores. The company operates 115 Nordstrom locations, 86 Nordstrom Rack stores, two Jeffrey stores and one clearance store nationwide throughout 28 states.

AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,600 stores in 48 U.S. states plus the District of Columbia & Puerto Rico and over 295 stores in Mexico.

3 GrowinG StronG… Over 4,900 stores, and we open more every week 3 StoreS that are 100% Company owned and operated… No franchises 3 FinanCially diSCiplined… We make the right decisions to protect our shareholders 3 reliable… Whether purchase money or rent, our funds will be there…on time, every time

For site criteria and contact information go to www.autozonerealestate.com or simply use your smartphone to scan the QR code ©2012 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.

page 26

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TJX Cos., Inc. (508-390-1000) plans to open six Marshalls stores throughout Ontario Canada including Trainyards Drive in Ottawa; Upper James Street in Hamilton; Harmony Road North in Oshawa, Brant Street in Burlington, The Boardwalk in Kitchener and Concert Way in Barrie.

The stores will feature a contemporary design and single line checkout aisles. The company currently operates more than 2,700 stores in the U.S. and internationally under the T.J. Maxx, Marshalls, and HomeGoods trade names. (continued on page thirty)

MEET US AT ICSC RECON | SOUTH HALL, FIRST FLOOR, S 570 U STREET | MAY 20-23

COLE REAL ESTATE INVESTMENTS

the landlord

of where america shops®

SAM’S CLUB | COLORADO SPRINGS, CO

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WHOLE FOODS | RENO, NV

BJ’S WHOLESALE CLUB | 10 WHOLESALE CLUBS 2 DISTRIBUTION CENTERS | 6 STATES

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FOR ACQUISITIONS CRITERIA AND LEASING AVAILABILITY, VISIT WWW.COLECAPITAL.COM/REALESTATE. SINGLE-TENANT ACQUISITIONS: BRIAN GARRIGAN 949.251.1000 | BGARRIGAN@COLECAPITAL.COM

MULTI-TENANT ACQUISITIONS: SCOTT HOLMES 602.778.6182 | SHOLMES@COLECAPITAL.COM

SALE-LEASEBACKS: MARK MANHEIMER 602.778.6224 | MMANHEIMER@COLECAPITAL.COM

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COLE IS NOT AFFILIATED OR ASSOCIATED WITH, IS NOT ENDORSED BY, DOES NOT ENDORSE, AND IS NOT SPONSORED BY OR A SPONSOR OF THE TENANTS OR OF THEIR PRODUCTS OR SERVICES PICTURED OR MENTIONED. THE NAMES, LOGOS AND ALL RELATED PRODUCT AND SERVICE NAMES, DESIGN MARKS, AND SLOGANS ARE THE TRADEMARKS OR SERVICE MARKS OF THEIR RESPECTIVE COMPANIES.

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JOIN THE NEWEST HIGHEST VOLUME

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Allen S. Cooperman allen.s.cooperman@gmail.com T (914) 576-7500 F (914) 576-7596

Who’s Opening and Where (continued from page twenty-six)

Guru Denim, Inc. (866-427-1119) plans to open a True Religion clothing store at The Domain, a 1.3 million sq.ft. project located along Century Oaks Terrace in Austin, TX. The store is slated to open during the summer. Venetian Nails, BLO Blow Dry Bar, Dolce Blu Lash Studio & Boutique, Blackfinn American Grill, Master Wok and The Range are also scheduled to open. The company, offering denim apparel for men and women, operates 125 stores worldwide.

7-Eleven, Inc. (972-828-0711) plans to open as many as 50 7-Eleven stores during the next several months, including 15 to 20 locations in Jacksonville, FL and MD. The company also plans to operate up to 80 stores in the Jacksonville, FL market by 2015 and operates, franchises and licenses more than 9,100 locations nationwide and 45,200 locations internationally.

Dunkin’ Brands, Inc. (781-737-3000) plans to open nine Dunkin’ Donut shops, through a franchisee, in Lincoln and Omaha, NE during 2013. The company currently operates 10,000 locations nationwide and internationally throughout 32 countries.

Get In Shape For Women (781-444-1913) plans to open 45 Get In Shape for Women fitness centers this year with a primary focus in the northeast. The company also plans to open 100 locations during 2013, including 30 locations opening in NY by 2015, with an additional 200 units each year starting in 2014 until the company reaches its goal of operating 5,000 locations worldwide. The company currently operates 94 locations in 18 states.

Krispy Kreme Doughnuts, Inc. (800-4574779) plans to open between five to 15 domestic franchise Krispy Kreme stores, along with five to 10 company stores and 75 international franchise stores by 2013.

The company, offering specialty donuts and coffee, currently operates 92 corporate locations and 602 franchise stores in 21 countries.

Limited Stores, LLC (614-415-7000) plans to open a location at the Westminster Mall, a 1.195 million sq.ft. mall in Westminster, CA. The store is slated to open during October.

The company is also planning to open stores at Westfield Galleria at Roseville Mall in Roseville and in San Diego, CA.

Whole Foods Market, Inc. (512-477-4455) will be opening a Whole Foods Market at a former Fitworks in River Square Plaza located along Detroit Road in Rocky River, OH in 2014. The company also plans to open a store at a former Target in Rockport Shopping Center, located along Center Ridge Road in Rocky Ridge, OH. The company currently operates 316 specialty supermarkets throughout 38 states nationwide and in Washington, DC, as well as throughout Canada and the United Kingdom.

Tilted Kilt Operating Franchise, LLC (480592-0102) plans to open a Tilted Kilt Pub and Eatery in Boca Raton, FL. The restaurant is slated to open in 2013. The company currently operates at 72 locations, including seven in FL. Meijer, Inc. (616-453-6711) plans to open a Meijer store at a former Kmart at the intersection of U.S. Route 6 and Willowcreek Road in Portage, IN. The store is slated to open during 2013 and will feature a drivethru pharmacy and a fueling station. The company currently operates 197 locations throughout MI, OH, IN, IL and KY. (continued on page fifty-four)

Entertainment Options for your Real Estate

Do you have a Movie Theatre in your Shopping Center?

Is the Theatre lease expiring “soon”?

Concerned the operator might close the Theatre prior to lease expiration?

Is it important to the Center to maintain an operating Theatre?

If the answer to any of these questions is YES… We have a solution: A top 25 Theatre Circuit is interested in the seamless takeover of the management of your theatre.

Do you have a Vacant Big Box or Undeveloped Land you would like to turn into an Income Producing Asset?

• bowling • laser tag • state-of-the-art arcade games

• corporate meeting rooms • upscale sports bar & grille

My client, Creative Entertainment Concepts, provides the expertise to convert an existing building into an income producing multi-venue entertainment facility - or - work with you on a build-to-suit. Our goal is to attract economic development cooperation and an operator for your facility.

Contact Information James A. Samuels, Senior Vice President

p 216.765.8000 | c 216.780.8000 | f 216.755.1300

jim@guggenheiminc.com | www.guggenheiminc.com page 30

May 25, 2012

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Dealmakers

www.dealmakers.net

Analyzing the financial health of retailers Whenever we have a question about a retailer, we contact the segment specialist at Creditntell. Not only do they have the facts and figures about those retailers, they are able to provide useful editorial and qualitative information as well. We rely heavily upon Creditntell in performing our risk assessments.

— PHILLIPS EDISON & COMPANY Creditntell’s reports are very professional and accurate, customer service is top-notch and their news flashes and frequent updates keep me on top of my tenant portfolio.

— SIMON PROPERTY GROUP

Creditntell is a critical component in our comprehensive due diligence process. It is one of my favorite tools for researching tenant credits.

— COLE REAL ESTATE INVESTMENTS FOR MORE INFORMATION ON OUR PRODUCTS AND SERVICES PLEASE CONTACT: Chuck LeWinter Vice President - Creditntell chuck@creditntell.com 212-813-2890

Dennis Cantalupo Chief Operating Officer – Creditntell dennisc@creditntell.com 800-789-0123 x 110

www.fdreports.com • www.creditntell.com • www.fdarms.com

Food Retailers Expand Nationwide Five Guys Famous Burgers and Fries operates more than 750 locations in 40 states nationwide as well as Canada. The restaurants prefer to occupy spaces of 2,500 sq.ft. in endcaps of strip centers and freestanding locations. Growth opportunities are sought throughout WI during the coming 18 months, with representation by CB Richard Ellis. A strong daytime population is preferred.

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 sites: www.cbre.com or www.fiveguys.com.

Little Caesars Pizza operates locations nationwide and internationally. The pizzerias prefer to occupy inline spaces of 1,100 sq.ft. to 1,800 sq.ft. in strip centers. Growth opportunities are sought throughout MA during the coming 18 months, with representation by Denenberg Realty Advisors.

For more information, contact Neil Denenberg, Denenberg Realty Advisors, 230 Commercial Street, Boston, MA 02109; 617-720-5656, Fax 617-720-5676; Email: neil@denenbergrealty.com; Web sites: littlecaesars.com or www.denenbergra.com.

Golden Corral operates 500 locations nationwide. The chain of family-style buffet restaurants prefers to occupy spaces of 12,000 sq.ft. in freestanding locations. Plans call for one to two openings in the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. A land area of 2.5 to three acres is required. 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-style buffets. The company is franchising. Logan’s Roadhouse operates more than 180 locations throughout AL, AR, AZ, CA, FL, GA, IL, IN, KS, KY, LA, MI, MO, MS, NC, OH, OK, PA, SC, TN, TX, VA and WV. The restaurant chain prefers to occupy spaces of 7,200 sq.ft. in freestanding locations. Plans call for one opening in the Atlanta, GA metropolitan area during the coming 18 months, with representation

by The Shumacher Group. Typical leases run 10 years with options. 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. A land area of 1.4 to 1.6

acres is required. A vanilla shell, specific improvements or a turnkey is preferred. Major competitors include Longhorn Steakhouse and Texas Roadhouse.

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.

Au Bon Pain operates more than 260 locations nationwide and internationally. The chain of casual bakeries and cafes prefers to occupy spaces of 2,200 sq.ft. to 3,000 sq.ft. in urban/downtown areas. Plans call for three openings throughout the Baltimore, MD metropolitan area and the Washington, DC metropolitan area during the coming 18 months, with representation by J Street Cos. A strong daytime population is preferred.

For more information, contact Anastasia Kharchenko, J Street Cos., 1025 Thomas Jefferson Street, NW, Suite 170, Washington, DC 20007; 202-857-4320; Email: ak@jstreetcompanies.com; Web sites: www.jstreetcompanies.com or www.aubonpain.com. (continued on page thirty-four)

Florida is Heating Up! La Plaza at Flagler Miami

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365 Fifth Avenue South | Naples, FL

Vicenza Plaza | Hialeah Gardens FL

Granada Shoppes | Naples, FL

See Courtelis Company at ICSC RECon, Booth S328 S St., for these hot opportunities!

Stop by and enter to win a raffle of autographed Miami Sports memorabilia www.courtelis.com | Call 305.261.4330 to book your appointment today page 32

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Bakery Square Pittsburgh, PA

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Visit us at S249 Q Street at RECon 2012.

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

Burger King operates 12,300 locations nationwide and internationally. The fast food restaurants prefer to occupy spaces of 2,500 sq.ft. in freestanding and corner locations.

Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Pierson Commercial Real Estate, LLC. Denny’s operates 1,680 locations nationwide, as well as in Canada and internationally. The casual dining restaurants prefer to occupy 4,500 sq.ft. in endcaps and inline spaces as well as freestanding locations. Growth opportunities are sought in central and northern NJ during the coming 18 months, with representation by Pierson Commercial Real Estate, LLC. Tommy’s Coal Fired Pizza operates three locations in NJ. The pizzerias prefer to occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. in freestanding locations, downtown areas and endcaps of shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation

by Pierson Commercial Real Estate, LLC. UB23.UBP Corp Ad DMK 5-11-12 4/11/12 Preferred demographics include a population of 200,000 within five miles. The company requires sites with liquor licenses.

For more information, contact Jason Pierson, Pierson Commercial Real Estate, LLC, 704 Ginesi Drive, Suite 24, Morganville, NJ 07751; 732-707-6902; Email: jason@piersonre.com; Web site: www.piersonre.com.

Subway operates 36,500 locations nationwide and internationally. The sandwich shops occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in specialty and power centers, malls and freestanding locations. Growth opportunities are sought in upstate NY during the coming 18 months, with representation by VanguardFine Retail Store Leasing, LLC. Typical leases run 10 years. A vanilla shell is required.

Preferred cotenants include Walmart Supercenter and home improvement stores.

Preferred demographics include a population of 7,000 within five miles. Major competitors include Blimpie and Quizos. The company is franchising.

For more information, contact Ken Brownell, Vanguard-Fine Retail Store Leasing, LLC, 2050 Western Avenue, Suite 201, Guilderland, NY 12084; 518-8625:30Ext. PM 201, PageFax 1 518-867-3082; Email: 0861 kbrownell@vanguardfine.com; Web site: www.vanguardfine.com.

SE N Y EW

TIC

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(continued on page sixty-four)

WE’VE CORNERED THE MARKET.

55 PROPERTIES | 5 MILLION SQUARE FEET Visit us at C160 L Street at RECon 2012 Seeking Tenants and Acquisitions

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321 Railroad Avenue Greenwich, CT 06830 203-863-8200 • ubproperties.com

NE May 25, 2012

Hibachi Buffet operates more than 30 locations throughout the eastern region of the U.S The restaurant chain prefers to occupy spaces of 9,000 sq.ft. to 20,000 sq.ft. in second generation locations and shopping centers.

Growth opportunities are sought throughout the New York, NY metropolitan area during the coming 18 months, with representation by Mason Asset Management, Inc. For more information, contact Igal Nassim, Mason Asset Management, Inc., 747 Middle Neck Road, Suite 101, Great Neck, NY 11024; 516-371-5858; Email: igal@masonam.com.

Urstadt Biddle Properties is metro NY’s dominant grocery-anchored shopping center owner.

JER

UT page 34

Epicurean & Co. operates seven locations in VA and Washington, DC. The chain of restaurants prefers to occupy spaces of 3,000 sq.ft. to 15,000 sq.ft. in power, specialty and strip centers, as well as urban/downtown areas.

Plans call for six openings throughout MD, VA and Washington, DC during the coming 18 months, with representation by Vanguard Realty. Typical leases run 10 years.

For more information, contact Len Harris, Vanguard Realty, 1201 Seven Locks Road, Potomac, MD, 20854; 301795-1453, Fax 301-795-1533; Email: lharris@vanguardrealty.com.

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Dealmakers

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Please visit

Apparel Chains Expand Nationwide (continued from page one)

Dress Barn, Inc. trades as Dressbarn at 840 locations throughout the continental U.S. in 48 states. The stores, offering career and casual apparel and accessories for women, in the 35 to 55 age bracket, occupy spaces of 7,500 sq.ft. in malls and lifestyle, outlet, power, strip, tourist, regional and community centers, as well as metropolitan urban areas.

Plans call for 30 to 40 openings 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. Preferred demographics include a trade-area population earning $55,000 as the median household income. Tween Brands, Inc. trades as Justice at more than 900 locations nationwide in 46 states and in Canada and Puerto Rico.

The stores, offering value priced apparel and accessories for girls ages seven to 12, occupy spaces of 4,000 sq.ft. in malls and community, lifestyle, outlet, power and strip centers. Plans call for 40 to 50 openings throughout the continental U.S. and Canada and Puerto Rico during the coming 18 months. Maurices, Inc. trades as Maurices at 825 locations nationwide. The stores, offering women’s casual, career and dress apparel and

accessories, occupy spaces of 5,000 sq.ft. in malls and community, lifestyle, outlet, power and strip centers. Plans call for 35 to 50 openings throughout the continental U.S. and Canada during the coming 18 months.

Preferred cotenants include JC Penney, Macy’s, Kohl’s, Target and Walmart. Preferred demographics include a market population of 25,000 to 150,000 both earning an average household income of $50,000 to $100,000.

The parent company for all three concepts is Ascena Retail Group, Inc. For more information regarding Dressbarn, contact Elise Jaffe, Dress Barn, Inc., 30 Dunnigan Drive, Suffern, NY 10901; 845369-4801; Email: elise.jaffe@dressbarn.com; Web site: www.dressbarn.com. For more information regarding Justice, contact Alan Hochman, Tween Brands, Inc., 8323 Walton Parkway, New Albany, OH 43054; 614-7753500; Email: ahochman@tweenbrands.com.

For more information regarding Maurices, contact Tom Karis, Maurices, Inc., 105 West Superior Street, Duluth, MN 55802; 218727-8431 Ext. 2071; Email: tkaris@maurices.com; Web site: www.maurices.com.

Melrose Stores operates 100 locations throughout AZ, CA, NM and TX. The

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

to ly. ed ick ar u ep e q Pr os cl

Bob Bassel Bob Bassel Realties, Inc. info@bobbassel.com Office: (514) 871-9414 Princ ipals Fax: (514) 871-9506 Only Cell: (514) 946-9473 1312 St. Catherine St. West Suite 318 Montreal, Quebec, Canada H3G 1P6

page 36

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stores, offering family apparel, footwear and accessories, occupy spaces of 10,000 sq.ft. in neighborhood and inline spaces of shopping centers. Growth opportunities are sought throughout San Diego, CA during the coming 18 months, with representation

by Present Value Properties, Inc. Susie’s Deals operates 50 locations throughout CA, NV and UT. The stores, offering discounted family apparel, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in neighborhood, power and community centers. Growth opportunities are sought throughout southern CA, as well as the Inland Empire, Orange and Los Angeles areas, during the coming 18 months, with representation by Present Value Properties, Inc. Preferred cotenants include 99 Cent Only, Mervyn’s, Ross Dress for Less, Target, T.J. Maxx and Walmart. Styles For Less operates 134 locations throughout AZ, CA, FL, NV, TX and UT. The stores, offering discounted apparel, footwear and accessories, including belts, hats, jewelry and handbags, occupy spaces of 2,700 sq.ft. to 3,000 sq.ft. in malls and lifestyle and regional power centers. Growth opportunities are sought throughout Orange, Riverside and San Diego counties in CA during the coming 18 months, with representation by Present Value Properties, Inc. Preferred cotenants include Target and soft goods and fashion apparel retailers.

For more information regarding expansion for Melrose Stores, contact Bernie Labowitz, Present Value Properties, Inc., 150 El Camino Real, Suite 100, Tustin, CA 92780; 714-464-3000, Fax 714-464-3015; Email: bernie@pvpinc.com; Web site: www.melrosestore.com.

For more information regarding Susie’s Deals, contact Bernie Labowitz or Jared Davis; Email: jared@pvpinc.com. For more information regarding expansion for Styles For Less, contact Bernie Labowitz, and for more information regarding expansion for Styles For Less throughout Orange and San Diego counties in CA, contact Jared Davis. DM

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Supermarket Chains Expand Nationwide Grocery Outlet, Inc. trades as Grocery Outlet at 170 locations throughout AZ; northern and San Diego, CA; ID; NV; OR and WA. The supermarkets occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations and specialty, strip and value centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years. Preferred demographics include a population of 10,000 within three miles earning $50,000 as the average household income. Major competitors include Walmart Supercenter. A land area of two acres is required for freestanding locations. The company prefers to acquire sites and locate near other grocery stores. In PA the company operates as Amelia’s Grocery Outlet.

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.

Giant Eagle, Inc. trades as Giant Eagle at 228 locations throughout MD; OH; western PA and central and northern WV. The supermarkets, offering bakery, deli, cheese and beer and wine departments, health

and beauty products, as well as featuring a pharmacy and photography center, occupy spaces of 12,000 sq.ft. to 150,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout MD, OH, PA and WV during the coming 18 months. Typical leases run 20 years with options. Preferred cotenants include Home Depot, Kohl’s, Barnes & Noble, Lowe’s Home Improvement and Target. Major competitors include Giant, Kroger, Tops and Shop N Save.

For more information, contact Shelly Sponholz or Jim Chickini, Giant Eagle, Inc., 261 Kappa Drive, Pittsburgh, PA 15238; 412-963-6200, Fax 412-967-6104; Email: james.chickini@gianteagle.com; Web site: www.gianteagle.com.

For more information, contact Ron DeLuca, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-721-9241; Email: rdeluca@njretailrealty.com; Web sites: www.njretailrealty.com and www.traderjoes.com.

Corrado’s Family Affair operates three stores at locations in Clifton, Fairfield and Wayne, NJ. The supermarkets, offering produce, deli, meat, fish and bakery departments, as well as offering specialty food products and gift baskets, occupy spaces of 50,000 sq.ft. to 250,000 sq.ft. in freestanding locations and shopping centers.

Growth opportunities are sought throughout NJ and NY, excluding Long Island, during the coming 18 months, with representation

by Landmark Real Estate Co. The company prefers to anchor shopping centers and will only acquire sites.

For more information, contact Larry Liebowitz, Landmark Real Estate Co., 392 Main Street, Wyckoff, NJ 07481; 201-560-1800, Fax 201-560-0600; Email: ll@landmarkreco.com; Web site: www.corradosmarket.com.

Trader Joe’s operates 400 locations nationwide. The specialty supermarkets occupy spaces of 12,000 sq.ft. to 13,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout NJ and Rockland County, NY during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years.

Specific improvements are required.

(continued on page forty-two)

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www.pyramidbrokerage.com page 38

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Asset & Excess Property Dispositions Landlord/Seller Representation Tenant/Buyer Representation Site Selection & Acquisitions Market Analysis & Research Finance & Capital Services Investment Sales Advisory Services Hospitality Services Impaired Asset Services Property Management Services Receivership Services

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Contact: realestate@charming.com

Well-known. Well-established. Well-loved.

Exclusives and Leasing Assignments Edgemark Commercial Real Estate Services, LLC (630-472-1010) represents GoldMax with the chain’s expansion in Chicago, IL including the Country Club Hills, Evergreen Park, Flossmoor, Hinsdale, Langrange, Lombard, Matteson, Mokena, Niles, North Riverside, Northbrook, Oak Forest, Olympia Fields, Palos Heights, Tinley Park, Waukegan, Western Springs, and Zion suburbs. The chain is seeking spaces of 1,000 sq.ft. to 2,000 sq.ft. The company is also representing Cherry Berry with its expansion in Chicago, IL including the Batavia, Bloomingdale, Geneva, North Aurora, Orland Park, Schaumburg, St. Charles and West Chicago neighborhoods.

The chain is seeking 1,800 sq.ft. to 2,200 sq.ft. outlots near schools, movie theaters and big-box traffic generators.

Cushman & Wakefield of Texas, Inc. (972663-9693) has been named by Weingarten Realty Investors as the sales agent for Pitman Corners, a 192,267 sq.ft. center located at the intersection of West 15th Street and Custer Road in Plano, TX. Albertsons and Tuesday Morning anchor the center. Area demographics include a population of 108,000 within three miles. The average daily traffic count is 56,662 vehicles.

Charter Realty & Development (203-2272922) has been named the leasing agent for a mixed-use center located along 11th Avenue between 44th Street and 45th Street in New York, NY. The site will feature a 15,000 sq.ft. retail component and a 1,250-unit residential component. Area demographics include a trade-area population of 80,000.

The Wilder Cos. (603-502-2788) has been named the leasing and managing agent for The Shoppes at Valley Square, a 300,000 sq.ft. open-air specialty center situated on 140 acres in Warrington, PA. Cotenants include P.F. Chang’s, Banana Republic, LOFT, White House|Black Market, Panera Bread and Chipotle. Area retail includes Wegmans, Staples, The Sports Authority and Bed Bath & Beyond.

Winick Realty Group, LLC (212-792-2650) has been named the leasing agent for a 2,750 sq.ft. retail storefront located along West 12th Street in the Coney Island section of New York, NY. The company has also been named the leasing agent for a 13,400 sq.ft. space located at the intersection of Pine Street and Broadway in New York, NY. Area retail includes T.J. Maxx.

The Rotella Group (954-568-9015) represents Save-A-Lot with its expansion throughout Broward and Palm Beach counties in FL. The supermarket chain is seeking spaces of 10,000 sq.ft. to 20,000 sq.ft. Preferred demographics include a trade-area population of 35,000 earning $45,000 or less as the average household income. Preferred average daily traffic counts are 15,000 vehicles.

Michael Salove Co. (215-568-2600) is representing Zoes Kitchen with its expansion plans throughout DE, southern NJ and eastern PA. The restaurant chain is seeking spaces of 2,500 sq.ft. to 2,800 sq.ft. in highly visible endcaps or inline spaces and freestanding locations. Preferred demographics include a trade-area population earning $60,000 as the average household income.

MJB Real Estate Services Corp. (203-2226200) represents Empties USA with the chain’s expansion. The chain is seeking spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and strip and community shopping centers. Empties USA works with distributors of carbonated beverages to redeem bottles and cans that have a deposit value. (continued on page fifty)

tottenville square shopping center 7001 Amboy Road, Staten Island, NY 10307

New retail and 2nd floor office space available at prime Staten Island location

Ai l Ab v A F S ,0 0 0 1 1 – 0 dAy! 1,0 0 o T l l CA

le

Helen Vitaliano • hvitaliano@rivercrestrealty.com • 718.980.7684 page 40

May 25, 2012

The

Dealmakers

www.dealmakers.net

Built for Speed.

Nobody beats Milbrook Properties for delivering fast, flexible retail leases that meet tenants’ needs.

RETAIL AVAILABILITES

Bay Shore Commons | Bayshore Stop & Shop, Rent-A-Center, Retro Fitness 1450 SF – 8000 SF

FLORIDA Flamingo Market Place | Pembroke Pines Bravo, 21st Century Oncology, Pizza Hut 1200 SF – 10,000 SF

Bethpage Commons | Bethpage DMV, ProHealth Assoc., Dunkin’ Donuts 3025 SF – 10,000 SF

FMS Corners | Pembroke Pines Quiznos, Hear X, Asian Buffet 2535 SF

Bi-County Commons | East Farmingdale Meat Farms, Retro Fitness, Bethpage Federal Credit Union

Hollywood Palms | Hollywood Publix, Walgreens, Dade Medical 3850 SF

Bohemia Commons | Bohemia AutoZone, Lucille Roberts, CVS 800 SF – 26,000 SF Supermarket Anchor with Equipment

Shoppes at Margate | Margate Super Food Store, Advance America, Dollar Tree 1500 SF – 9000 SF Shoppes at Pembroke | Pembroke Pines Michaels, Weight Watchers 1300 SF – 2250 SF NEW JERSEY Aviation Marketplace | Linden Target, Home Depot, ShopRite, AMC Theatres 3200 SF Edison Plaza | Edison ShopRite, Party Fair, Capital One Bank 3000 SF End Cap Princeton Meadows | Plainsboro Asian Food Market, Subway 4000 SF Royal Plaza | East Windsor City Streets Café, Citi Financial, Allstate NEW YORK Adams Commerce Plaza | Hauppauge Dunkin’ Donuts, The Grill Room, Blimpie 1200 SF Baldwin Square | Baldwin Best Buy, Applebee’s, CVS 800 SF

Cherry Valley Corners | West Hempstead Pet Supplies Plus, Payless Shoes, GameStop 10,000 SF Huntington Crossroads | Huntington Station H&R Block, Domino’s Pizza, Subway 1200 SF Kenmor Plaza | Seaford The Dollar Store, Flynn & O’Hara Uniforms, Pantano’s Lake Shore Plaza | Lake Ronkonkoma Chase Bank, Pet Supplies Plus 1124 SF – 47,500 SF Supermarket Anchor Nanuet Mall South | Nanuet Premier Fitness, Jenny Craig, Quest 1500 SF NY Avenue Stores | Huntington Station AutoZone, Carvel, Pharmacy 1600 SF Spring Valley Marketplace | Spring Valley Michaels, Bed Bath & Beyond, Christmas Tree Shops Tali Plaza of Nyack | Nyack Riverspace Theater, Subway, H&R Block 1339 SF – 4739 SF Waverly Corners | Holtsville Deli, Tanning, Pizza 900 SF – 2200 SF End Cap NYC | Various opportunities in all boroughs

Contact us today to set up an appointment at RECon in Las Vegas.

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

Supermarket Chains Expand Nationwide (continued from page thirty-eight)

Farmer Foods, Inc. trades as Farmer Foods at 10 locations throughout NC and VA. The supermarkets, offering deli, meat, produce and bakery departments, occupy spaces of 22,000 sq.ft. to 51,000 sq.ft. in freestanding locations and strip centers.

Growth opportunities are sought throughout the existing markets during the coming 18 months.

For more information, contact John Farmer, Farmer Foods, Inc., 428 Dodd Street, Chase City, VA 23924; 434-372-0423, Fax 434372-3166; Email: jfarmer@farmerfoods.com; Web site: www.farmerfoods.com.

Food Lion, LLC trades as Harvey’s at 71 locations throughout northern FL, GA and SC. The supermarkets, offering produce, meat, seafood, deli and bakery departments, as well as a pharmacy, occupy spaces of 30,000 sq.ft. to 40,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.

For more information, contact Department of Real Estate, Food Lion, LLC, PO Box 646, Nashville, GA 31639; 229-6867654, Fax 229-686-2927; Web site: www.harveys-supermarkets.com.

Is your surplus creating a deficit?

Michael Havdala has represented the following clients in asset disposition:

Visit ChicagoRetailBroker.com for more information!

National retailers with locations in Illinois, Indiana, and Wisconsin trust HSA Commercial’s Michael Havdala with their Chicago-area excess real estate. Don’t let surplus continue to be a drain on your budget.

Michael Havdala p 312.458.4318 mhavdala@hsacommercial.com page 42

May 25, 2012

The

Dealmakers

www.dealmakers.net

Grocery Outlet, Inc. trades as Amelia’s at 13 locations throughout PA. The supermarkets occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in mixed-use and strip centers, as well as urban/downtown areas. Plans call for six openings throughout PA, specifically areas in the southern and north central regions including Hazelton, Scranton, Wilkes-Barre and State College, as well in MD during the coming 18 months, with representation by LMS Commercial Real Estate. Preferred cotenants include Aaron Bros., Big Lots, Costco, Dollar Tree, Jo-Ann Fabrics, Michaels, Marshalls, Ross Dress for Less, T.J. Maxx and Walmart. Preferred demographics include a population of 50,000 within five miles earning $40,000 to $80,000 as the average household income.

The company prefers to locate in areas with high visibility, prominent signage and easy access for traffic flow.

For more information, contact Dave Nicholson or Jeremiah Hamilton, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Emails: dnicholson@lms-pma.com and jhamilton@lms-pma.com; Web site: www.lms-pma.com.

C& K Market, Inc. trades as Ray’s Food Place, Shop Smart and C & K Market at 60 locations throughout CA and OR. The supermarkets, offering produce, meat and deli departments, as well as pharmacy, occupy spaces of 20,000 sq.ft. to 46,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with two, five-year options. A vanilla shell is required. Preferred demographics include a population of 20,000 within five miles. Major competitors include Safeway.

For more information, contact Kevin Crumley, C & K Market, Inc., 615 Fifth Street, Brookings, OR 97415; 541-469-3113; Fax 541-469-6717; Web site: www.ckmarket.com.

Inserra Supermarkets, Inc. trades as ShopRite and LML Supermarkets at 23 locations throughout NJ and NY. The supermarkets, featuring bakery, produce and deli departments, occupy spaces of 60,000 sq.ft. to 70,000 sq.ft. in freestanding locations and strip centers.

Growth opportunities are sought throughout Bergen, Hudson, Passaic and Rockland counties in NJ and the New York, NY metropolitan area during the coming 18 months.

For more information, contact Rich Chamberlin, Inserra Supermarkets, Inc., 20 Ridge Road, Mahwah, NJ 07430; 201529-5900, Fax 201-529-1189; Web site: www.shoprite.com. DM

THE BIG PICTURE IS MADE UP OF A HUNDRED SMALL DETAILS

SG

THE SPANDREL GROUP, LLC

PROPERTY MANAGEMENT ASSET MANAGEMENT REPOSITIONING SERVICES PROPERTY/PROJECT OPERATIONS CONSULTING DEVELOPER RELATED SERVICES LABOR MANAGEMENT

4 3 4 B R O A D W AY, N E W Y O R K , N Y 1 0 0 1 3

P 646-747-2200

W W W . S PA N D R E L G R O U P. C O M

Visit us at RECon — C182 G stREEt

WeLco RepResents…

Visit us at RECon — C182 G stREEt & C1801 F stREEt (pREstiGE) RepResenting pRopeRties thRoughout ct, nj, ny and pa The Mall at Bay Plaza | Bronx, NY

neW yoRK Bronx Bay Plaza Shopping Center East Tremont – 3860 E Tremont Avenue The Hub – 2910 Third Avenue Jerome Avenue – Gunhill Road & Jerome Ave. The Mall at Bay Plaza – Opening 2013 Riverdale – 234th St & Broadway Brooklyn Georgetowne Shopping Center Sheepshead Bay – Ocean Avenue Long island East Northport – Ellwood Shopping Center Lake Grove – DSW Plaza New Hyde Park – Stop & Shop Shopping Center Oceanside – Great Lincoln Shopping Center Oceanside – Long Beach Rd Plainview – ShopRite Shopping Centre new york 200 W. 16th Street orange county Middletown – Campbell Plaza Queens Bayside – 4219 Bell Blvd Jackson Heights – 8402 Roosevelt Avenue

OPENING 2013

Ozone Park – Woodhaven Blvd & Rockaway Blvd.

Whitestone/College Point – Whitepoint Shopping Center staten island Hylan Commons – Hylan Blvd & New Dorp Lane Forest Promenade – Forest Ave & Richmond Ave. Westchester Greenburgh/White Plains – 50 Tarrytown Rd neW jeRsey Bloomfield – Bloomfield Plaza Bricktown/Lakewood – Town & Country Shopping Center Cedar Knolls – Ridgedale Ave & E Hanover Ave Clark – 52 Westfield Avenue Denville – Denville Commons East Brunswick – Summer Hill Square Edgewater – City Place at The Promenade Edison – Edison Town Center Englewood – Towne Centre of Englewood Englewood – Palisades Court Shopping Center Florham Park – 165 Columbia Turnpike Hasbrouck Heights – Rt. 17 & 46 Hawthorne – Hawthorne Plaza Hawthorne – 204 Wagaraw Road Howell – Howell Plaza Kearny – Bergen Avenue & Passaic Ave. Kearny – Harrison & Bergen Ave. Kinnelon – Meadtown Shopping Center Midland Park – Midland Park Shopping Center

Newark – Raymond Blvd & Broad St. Newark – Bank Street & Halsey St. North Bergen – Tonnelle Plaza North Brunswick – Commerce Center Nutley – 364 Centre Street Paramus – Paramus Towne Square – Rt. 17 Paramus – Rt. 17 Former Fortunoff Building Passaic – 220 Passaic Street Ramsey – Interstate Shopping Center Secaucus – Harmon Meadow, Mill Creek Waldwick – 53 Franklin Tpke.

Watchung – Watchung Commons West Orange – Essex Green Shopping Center connecticut Fairfield – Stop & Shop Plaza pennsyLVania Lebanon – Lebanon Plaza Philadelphia – Market Square suBLeases fRom hsBc neW jeRsey aVaiLaBLe in: East Brunswick, Englewood, Hoboken, Jersey City, Livingston, Millburn, Newark, Ridgewood, Summit, Waldwick, West Caldwell, Westfield, Woodbridge dispositions fRom mandee/asez aVaiLaBLe in ct, nj and ny: Locations available upon request

914-576-7500 | jwelkis@welcorealty.com For additional information, please visit our website at www.welcorealty.com

Home-Related Chains Expand Nationwide Ziegler Lumber Co. trades as Ziggy’s at six locations throughout ID and WA. The stores, offering lumber and building materials, occupy spaces of 45,000 sq.ft. to 110,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout ID, OR and WA during the coming 18 months.

Typical leases run five to 15 years. A land area of at least four acres is required.

For more information, contact Department of Real Estate, Ziegler Lumber Co., 620 East Holland Avenue, Spokane, WA 99218; 509467-4960, Fax 509-483-9436; Web site: www.ziggys.com.

PPG Industries trades as Pittsburgh Plate Glass at 400 locations nationwide and internationally. The stores, offering paints, coatings, optical products, specialty materials, glass and fiber glass, occupy spaces of 2,500 sq.ft. to 6,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months. The company is site selective.

For more information, contact Mike Calleja, PPG Industries, 400 South 13th Street, Louisville, KY 40201; 502-588-9712, Fax 502-588-9360; Email: mike.calleja@ppg.com; Web site: www.ppg.com.

Colortyme, Inc. trades as Colortyme and RimTyme at 200 locations nationwide.

Colortyme provides rent-to-own furniture, appliances, electronics and computers and RimTyme offers custom wheels and tires, and prefers to occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months.

For more information, contact Michael Landry, Colortyme, Inc., 5000 Legacy Drive, Suite 210, Plano, TX 75024; 972403-4900, Fax 972-403-4935; Web site: www.colortyme.com.

La-Z-Boy, Inc. trades as La-Z-Boy at 312 locations nationwide and in Canada. The stores, offering sofas, chairs, loveseats, sectionals, recliners and sleepers, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations and endcaps of lifestyle and power centers. Plans call for 15 to 20 openings throughout the existing markets during the coming 18 months.

Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Home

Depot, Best Buy, Target and Lowe’s Home Improvement.

Preferred demographics include a population of 200,000 within 15 miles earning $60,000 as the average household income.

For more information, contact David Baratta, La-Z-Boy, Inc., 1284 North Telegraph Road, Monroe, MI 48162; 734-384-6225; Email: david.baratta@la-z-boy.com; Web site: www.la-z-boy.com.

Armstrong Garden Center operates 31 locations throughout CA. The stores, offering home and garden gift items, houseplants, garden accents, tools and supplies, pottery and small flowers and blooms, occupy spaces of 6,500 sq.ft. in freestanding locations.

Growth opportunities are sought throughout northern and southern CA during the coming 18 months. Typical leases run 15 years with two, five-year options. A land area of 55,000 sq.ft. is required, with 32,000 sq.ft. designated for an outdoor space.

For more information, contact Monte Enright, Armstrong Garden Center, 2200 East Route 66, Suite 200, Glendora, CA 917404673; 626-914-1091, Fax 626-335-0257; Web site: www.armstronggarden.com. (continued on page forty-eight)

MEHLICH a s s o c i a t e s Retail Space Available

1, 000 to 6,000+ SF

Hudson Falls New Paltz

Clinton

NY

Fishkill

MA CT Ellington

For More Information:

Rob Mehlich, Jr. 914-793-5050

Rocky Hill New Britain Stratford

www.mehlichassoc.com

page 46

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Dealmakers

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Poughkeepsie Tuckahoe Peekskill

TLE Seeking Developers Nationwide

Building from Experience...

ONE BLOCK AT A TIME! Recession resistant business with a growing market.

The Learning Experience® is expanding rapidly throughout the United States with over one hundred and sixty sites operating or currently under development encompassing fourteen states.

Submission Requirements: Building Type: .............Free Standing Out Parcel Size: .................................. 10,000 Square Feet +/Demographics: ...................... $75,000+ Average .................................................. Household Income Children under age 6: ............... 5,000+ within a ............................................................ 5 mile radius

The Learning Experience® has over a quarter century of experience operating premier child care centers and preschools opening it’s first center in 1979.

Population: ................................. 75,000+ within a ............................................................ 5 mile radius

The Learning Experience® opens a new center every 15 days.

Other: ............................Visibility, Ease of Access, .............................................................Build-To-Suit

Lease Terms:................... 15 Years plus minimum ...................................................two 5-year options

ICSC RECON visit us at

1-888-865-7775 W W W. T H E L E A R N I N G E X P E R I E N C E . C O M

S492 Q Street

Home-Related Chains Expand Nationwide (continued from page forty-six)

Blinds To Go, Inc. trades as Blinds To Go at 100 locations throughout CT, DE, FL, MA, MD, MI, NJ, NY, PA, VA and in Ontario and Quebec, Canada. The stores, offering custommade blinds and shades, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations and endcaps of shopping centers.

Growth opportunities are sought throughout NY and Quebec, Canada during the coming 18 months. Typical leases run 10 years with three, five-year options. A turnkey is preferred. Preferred cotenants include Home Depot and Lowe’s Home Improvement.

In Quebec, the company operates under

the trade name Le Marche du Store. The company will not consider inline spaces or locations in malls.

For more information, contact Yves Pardo, Blinds To Go, Inc., 3510 St. Joseph Boulevard East, Montreal, Quebec, CN H1X 1W6; 514-255-4000, Fax 514-259-9992; Email: ypardo@blindstogo.com; Web site: www.blindstogo.com.

Basics Plus operates nine locations throughout NY. The stores, offering hardware, home decor and housewear items including accessories, bedding, electronics, lighting, office supplies, kitchen appliances, bathroom

Your Next Opportunity starts in Berks County (SE PA) 5320 Allentown Pike, Temple, PA 19560 Offered for Sale at $3.2 Million • 6.41 Acre Retail commercial land • All utilities on site • Ground lease available • Building on-site was formerly a Car Dealership • Strategically located between Wal-Mart Supercenter & Sam’s Club • High Traffic location

4090 & 4100 Perkiomen Ave. Reading, PA 19606

2203 Lancaster Pike Shillington, PA 19607

3722-3730 Penn Avenue Sinking Spring, PA 19608

High Profile Corner Available

First Time on Market

Redevelopment Potential

• 24,886 SF building with 16,000 Sf available for lease • 2.78 Acre site with 20,000+ vehicles/day • Perfectly located where Wyomissing, Shillington & Mohnton meet • For Sale or Lease

• Almost 10 Acres Retail/ commercial land • Last choice parcel of land in Sinking Spring • Over 27,000 vehicle/day

• 4090 Perkiomen offered for sale at $1.7M • 4100 Perkiomen offered for sale at $4.25M • 22,000 vehicles/day • Located .25 miles from Rte. 422, I-176 and Rte. 222

610-779-1400 • www.NAIKeystone.com page 48

May 25, 2012

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Dealmakers

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items, vacuums, candles and cleaning products, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in neighborhood centers and urban/ downtown areas. Growth opportunities are sought throughout Manhattan, NY and the surrounding boroughs during the coming 18 months, with representation by Winick Realty Group. Typical leases run 10 to 15 years. The company prefers to locate in high traffic areas near residential neighborhoods.

For more information, contact Joseph Isa, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2647, Fax 212-792-2660; Email: joseph@winick.com; Web sites: www.winick.com and www.basicsplus.com.

The Sherwin Williams Co. (Midwestern Division) trades as Sherwin Williams at 915 locations throughout the upper Midwestern and northwestern regions of the U.S. The stores, offering paint and related products and supplies, occupy spaces of 4,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Chicago, IL; Detroit, MI; Minneapolis, MN; Portland, OR and Seattle, WA during the coming 18 months. Typical leases run five to 10 years with options.

The company operates 3,450 locations nationwide and internationally and prefers all site submittals via email.

For more information, contact Jeff Light, The Sherwin Williams Co. (Midwestern Division), 11410 Alameda Drive, Strongsville, OH 44149; Email: jhlight@sherwin.com; Web site: www.sherwin-williams.com.

Grossman’s Bargain Outlet operates 50 locations throughout MA, NY, OH, PA and RI. The stores, offering home improvement items and building materials, including electronics, appliances, lighting, windows and outdoor products, occupy second-generation spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout CT, MA, NY, NH, OH and RI during the coming 18 months, with representation by Horn Cos. The company requires 5,000 sq.ft. to 10,000 sq.ft. for an outside display area. E.C. Barton & Co., the parent company, trades as Grossman’s Bargain Outlet, Barton’s, Builders Material Co., Design Center and Surplus Warehouse at 120 locations throughout AL, AR, FL, LA, MA, MO, MS, NC, NH, NY, OH, PA, RI, SC, TN and TX. The company prefers site submittals via email.

For more information, contact Tom Hornstein, Horn Cos., 3426 Burnet Avenue, Syracuse, NY 13206; Email: horncompanies@gmail.com; Web site: www.bargain-outlets.com. DM

lOng-term

visiOn We are focused on creating long-term value for our shareholders and long-term relationships with our tenants. Our high-quality core portfolio of 92 primarily supermarket-anchored shopping centers straddling the Washington, DC to Boston corridor totals 13.2 million square feet, including the Company’s ownership interest through a joint venture in 22 similarly-situated supermarket-anchored shopping centers, having approximately 3.7 million square feet, that we manage.

Please visit us at ICSC RECon Las Vegas.

Booth S293 S Street.

www.cedarrealtytrust.com

CDR

Exclusives and Leasing Assignments (continued from page forty)

Duke Realty (407-241-0000) has been named the leasing agent for The Shops of Pembroke Gardens, a 400,000 sq.ft. openair lifestyle center in Pembroke Pines, FL. The site is 93% occupied and tenants include The Cheesecake Factory, Sephora, Victoria’s Secret, Bath & Body Works, BCBG, Hollister and Brio.

Signature Associates (248-359-3838) has been named the leasing agent for 21,225 sq.ft. of retail space at The Balmoral, a mixeduse development located along Woodward Avenue in Birmingham, MI.

The Goldstein Group (201-703-9700) is representing the following chains with growth in select markets of NJ: Smash Burger, seeking spaces of 2,000 sq.ft. to 2,500 sq.ft.; Panchero’s, seeking spaces of 2,200 sq.ft. to 2,500 sq.ft.; Radioshack, seeking spaces of 2,400 sq.ft. to 3,000 sq.ft.; Dr. Dental seeking spaces of 1,500 sq.ft. to 3,000 sq.ft. and Hand & Stone seeking spaces of 2,000 sq.ft. to 3,500 sq.ft.

Weichert Commercial (973-898-8705) has been named the sales agent for a 10,800 sq.ft. freestanding retail building located along Route 22 in Green Brook, NJ.

Opportunities exist for those who know where to locate them.

BJ’s PLAZA Torrington, CT

5,000 SF Available • 90,820 SF neighborhood shopping center featuring BJ’s, Dollar Tree, and Dunkin’ Donuts • Located at the intersection of East Main Street (Route 202) and Torringford West Street in Litchfield County and in close proximity to Routes 4 and 8

STOP & SHOP PLAZA Canaan, CT

3,480 SF Available • 71,000 SF neighborhood shopping center anchored by Super Stop & Shop and Family Dollar • Located at the intersection of Main Street (Route 44) and Railroad Street (Route 7) in affluent Litchfield County

CROSS POINTE CENTRE Jacksonville, NC

5,000; 6,000 SF Available • 196,214 SF power center featuring Marshalls, Ashley Furniture, Old Navy, Books-A-Million, Shoe Carnival, Michaels, Lane Bryant, O’Charley’s, and Cracker Barrel • Located on Western Boulevard in Onslow County near Coastal Carolina Community College, Jacksonville Mall and U.S. Marine Corps Camp LeJeune

CINEMA CENTER Bloomsburg, PA

5,000 SF Pad; 9,000 SF Available • 48,543 SF neighborhood center featuring Cinema Center • Located on Columbia Boulevard (Route 11) at signalized intersection, just off Interstate 80 in Columbia County, 40 miles southwest of Wilkes-Barre and 2 miles from Bloomsburg University • Neighboring retailers include Advance Auto Parts, Rita’s Italian Ice, Verizon, Aaron’s Rent, and Wendy’s

NEW TOWN SHOPS ON MAIN Williamsburg, VA

500 to 10,000 SF Available; Two 9,000 SF On-site Land Parcels Available for Sale for Office/Retail • Established 253,000 SF retail center located on Monticello Avenue in the heart of a 365-acre mixed-use community and in close proximity to the College of William & Mary • 1.7 million SF of specialty retail, office, residential and entertainment • Join Barnes & Noble, JoAnn Fabrics, American Family Fitness, Buffalo Wild Wings, Bonefish Grill, Regal Cinemas, Panera Bread, Charming Charlie, and many more!

1224 Mill Street, Building D-Suite 103, East Berlin, CT 06023 | developers-realty.com Kelly Voss: kelly@developers-realty.com | T 860.561.0121 F 860.521.4323 Visit us at S403 Q Street at RECon in Las Vegas!

Retail Associates (559-650-1300) is representing the following companies with their expansion plans: 7-Eleven with its expansion plans in the central valley region of CA. The company is seeking spaces of 2,400 sq.ft. to 3,000 sq.ft. in endcaps, gas stations and freestanding and urban locations; Beauty Systems Group with its expansion plans in the central valley region of CA from Lodi to Bakersfield and from the central coast of CA, from Scotts Valley to King City.

The chain is seeking spaces of 1,500 sq.ft. to 2,000 sq.ft.; Bright Now! Dental with its expansion plans in the central valley markets of CA. The company is seeking spaces of 3,000 sq.ft. to 3,500 sq.ft.; Chipotle with its expansion plans in Fresno, Madera and Tulare counties in CA. The chain is seeking spaces of 1,800 sq.ft. to 2,500 sq.ft.; Costco Wholesale with its expansion plans in Fresno, Kings, Madera, Merced, Monterey, Santa Cruz, Stanislaus and Tulare counties in CA. The chain is seeking spaces of 136,000 sq.ft. to 160,000 sq.ft.; Cricket with its expansion plans in the central valley region of CA. The chain is seeking spaces of 1,000 sq.ft. to 1,300 sq.ft.; Deli Delicious with its expansion plans in the central valley region of CA. The chain is seeking spaces of 1,200 sq.ft. to 1,400 sq.ft.; Dick’s Sporting Goods with its expansion plans throughout the central valley region and Monterey county in CA. The chain is seeking spaces of 35,000 sq.ft. to 55,000 sq.ft.

Thur Retail (202-359-3469) is representing the following retailers with their expansion plans; Physicians Weight Loss Centers throughout FL, MD, VA and Washington, DC, seeking spaces from 800 sq.ft. to 1,200 sq.ft.; Floor Max in MD and northern VA, seeking spaces of 2,000 sq.ft. to 3,500 sq.ft; LaVida Massage throughout MD, seeking spaces of 2,500 sq.ft. to 3,000 sq.ft; 123 Fit at sites nationwide, seeking spaces of 2,000 sq.ft. to 4,000 sq.ft.; Galaxy Scooter throughout the east coast, seeking spaces of 300 sq.ft. to 1,200 sq.ft; im=X Pilates for sites nationwide. seeking spaces of 1,200 sq.ft. to 2,500 sq.ft.; Surf “N” Suds throughout MD, VA and Washington, DC, seeking spaces of 3,000 sq.ft. to 6,000 sq.ft. to lease or acquire; Tuesday Morning in select markets of southern FL, seeking spaces of 10,000 sq.ft. to 25,000 sq.ft; Baja Fresh in Montgomery County, MD, specifically Bethesda, Clarksburg, Chevy Chase, Columbia, Gaithersburg, Germantown, Laurel, Potomac, Rockville and Silver Springs, seeking spaces of 1,800 sq.ft. to 2,500 sq.ft. in high traffic areas with dense daytime and evening populations. (continued on page sixty-eight)

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Dealmakers

www.dealmakers.net

Real Estate Professionals Making the News Whitestone REIT (713-435-2221) appointed Richard D. Rollnick as director of real estate development. His responsibilities will be to oversee new development and value-add opportunities within the company’s portfolio of 44 community centered properties. Prior to joining the company, Rollnick was founding principal of Allegiant Properties, LLC. The company owns, operates and redevelops community centered properties.

Cassidy Turley (212-758-0800) hired Whitnee Williams as associate vice president in the company’s New York, NY office.

She will be responsible for focusing on landlord and tenant representation. Prior to joining the company, Williams worked at CB Richard Ellis. The company specializes in capital markets, tenant representation, corporate services, project leasing, property management, project and development services and research and consulting.

Clarion Partners (213-488-2020) promoted Khalif Edwards to director. Edwards will be responsible for client representation in the U.S. with a focus on the west coast. Prior to his promotion, he served as senior director, business development and also worked at Eastdil Secured and Merrill Lynch.

Mall Properties, Inc. (212-935-1330) promoted Andrea Olshan to chief executive officer, Michael Makinen to chief operating officer and Ryan Guheen to senior vice president of asset management.

The company is a privately-owned real estate firm specializing in the development, acquisition and management of commercial real estate.

Johnson Capital (949-660-1999) hired Craig Mueller as senior vice president of the company’s Irvine, CA office. Mueller will originate debt and equity transactions. Prior to joining the company, he worked at CB Richard Ellis. The company specializes in debt placement and acquisition financing for permanent loans, construction financing and property repositioning.

page 52

May 25, 2012

The

LANE4 Property Group (816-60-1444) founder Owen Buckley has been tapped as Missouri’s state director for the International Council of Shopping Centers. Buckley’s firm specializes in leasing, tenant representation, development and property management of retail, office, hospitality and mixed-use projects nationwide.

Dealmakers

www.dealmakers.net

Newmark Knight Frank (973-461-9005) promoted Ross Kaplan from managing director to senior managing director. The company also promoted Benjamin S. Birnbaum from director to managing director. The company also promoted Trever Gallina from associate director to director. Katie Cohen, Hymie M. Dweck and Kenji Ota were promoted from associates to associate directors. The company also hired Terry Alexa as senior managing director in its Chicago, IL office.

Prior to joining the company, Alexa worked at Mercury Realty Group.

Velocity Retail Group (602-682-8175) has named John “JK” Jackson as senior associate in its landlord advisory services division after his return back to the company.

Boston Realty (617-850-9667) hired Michael d’Hemecourt as partner and president of its retail real estate division. Prior to joining the company, he served as an associate director at Cushman & Wakefield’s Capital Markets Group. The company is a fullservice commercial brokerage platform that specializes in selling investment properties throughout New England. (continued on page fifty-six)

Turning On reTail!

Dots operates more than 400 stores in 28 states.

Dots 3 year plan includes opening new stores in all 28 states.

Criteria • Power centers, regional and community shopping centers with national tenants, deep discount anchors, dominant supermarket or discount apparel anchors • Targeting 4,000 to 5,000 square feet with a minimum 40 foot storefront

Demographic Profile • Metropolitan, urban and suburban markets • Typical trade area population of at least 75,000 • Median household income of $45,000 to $65,000 Kyle Koenig 440-349-7040 kkoenig@dots.com Director of real estate

Philip grassie 440-349-7825 pgrassie@dots.com real estate Manager

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

Justin Holtzman 440-349-2535 jholtzman@dots.com real estate representative

www.dots.com

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

Target Corp. (612-304-6073) plans to open a new concept called CityTarget. The first stores are set to open in Los Angeles, CA; Chicago, IL; New York, NY; Seattle, WA and Puerto Rico during 2013 and 2014. The new concept will feature footprints of 80,000 sq.ft. to 100,000 sq.ft. The company will also open a Target store at the intersection of Via Rancho Parkway and Interstate 15 in Escondido, CA. The store is slated to open this October. It is one of 20 stores the company plans to open this year. The company currently operates 1,752 locations nationwide throughout 49 states.

Limited Brands, Inc. (614-577-7000) will open a 4,000 sq.ft. Victoria’s Secret Pink store at Kenwood Town Centre, a 1.2 million sq.ft. mall located at the intersection of Montgomery Road and Kenwood Road in Cincinnati, OH. The store is slated to open this summer. Retailers also scheduled to open at the center include Hot Mama, Tumi and Lululemon Athletica. This will be the company’s seventh store in the region.

Menard, Inc. (715-876-5911) plans to open a 162,340 sq.ft. Menards at Gull Crossing, in Comstock Township, MI. The store is slated to open during August 2013 and will feature a 40,608 sq.ft. garden center and a 240,038 sq.ft. outdoor lumber and storage area. It will be the company’s third location in the area and will join Bone Appetit Bakery, Crystal Nails, Graveyard Motorsports and Gull Road Cinema 5 at the site.

Shoe Carnival, Inc. (812-867-6471) is planning to open a total of 30 Shoe Carnival stores this year, including locations recently opened in Dallas/Fort Worth and El Paso, TX. The company also plans to relocate 10 stores. The chain, offering casual and athletic footwear for men, women and children, currently operates 337 locations in 32 states.

The Bon-Ton Stores, Inc. (717-757-7660) plans to open a 122,550 sq.ft. Bon-Ton store at the Pine Ridge Mall, located along Yellowstone Highway in Pocatello, ID during the fall. It will be the company’s first location in the state, joining Sears, JCPenney and ShopKo at the site.

Tiffany & Co. (212-755-8000) will open 24 Tiffany & Co. stores this year, including nine in the U.S., seven in Asia-Pacific, three in Europe and five in the United Arab Emirates. The company also plans to open nine stores in 2013 and currently operates 200 locations worldwide, including 91 stores nationwide. page 54

May 25, 2012

The

Robert Graham (310-396-1100) plans to open a location at The Mall at Short Hills, located along Morris Turnpike in Short Hills, NJ. The company will be joining Cartier, Gucci, Tiffany & Company, Louis Vuitton, Chanel, Dior, Prada, Neiman Marcus, Saks Fifth Avenue, Nordstrom, Bloomingdales and Macys at the site. The store is slated to open this summer. The chain operates more than 160 locations worldwide and features high-end apparel for men.

Eastern Mountain Sports, Inc. (603-9249571) plans to open a 13,013 sq.ft. Eastern Mountain Sports store at North Village Shopping Center in New Brunswick, NJ. The store is slated to open this summer. The company currently operates 68 locations, offering mountaineering, backpacking, camping, hiking, climbing, kayaking, mountain biking and snow sports equipment throughout CT, DE, MA, MD, ME, NH, NJ, NY, PA, RI, VA and VT.

CFA Properties, Inc. (404-765-8000) plans to open a 4,768 sq.ft. Chick-fil-A situated on 0.91 acres along Blue Lakes Boulevard North in Twin Falls, ID. It will be the company’s second location in the state and will also feature a drive-thru. The company currently operates 1,500 locations in about 40 states nationwide.

Brooks Brothers (800-274-1815) is planning to open a 7,000 sq.ft. Brooks Brothers store at a former Borders at the Waikele Center in Waipahu, HI. The store is slated to open this summer and will be joining Lowe’s Home Improvement, Kmart, Office Max, Sports Authority and Old Navy. The company currently operates at 100 locations nationwide and 25 locations internationally.

Vitamin Shoppe, Inc. (201-866-7711) plans to open a 4,200 sq.ft. The Vitamin Shoppe store at Springhurst Towne Center, located along Fischer Park Drive in Louisville, KY. The company will join Genghis Grill, HomeGoods, Shoe Carnival, Boardwalk Fresh Burgers and Fries, Old Navy, Computers Plus and Orange Leaf at the site. The store is slated to open during the summer.

Chico’s FAS, Inc. (239-277-6200) plans to open a White House|Black Market store at Jefferson Pointe in Fort Wayne, IN. The store is slated to open during the summer and will join Von Maur at the site. The company currently operates 1,261 units, trading as Chico’s, White House|Black Market and Soma Intimates.

Tractor Supply Co., Inc. (615-366-4600) plans to open a 35,000 sq.ft. Tractor Supply Co. store along 23rd Avenue in Greenely, CO. This will be the company’s first location in CO and is slated to open this month.

The company currently operates at 1,100 locations throughout 44 states nationwide.

Hermes of Paris, Inc. (212-759-7585), a subsidiary of Hermes International, plans to open a 5,250 sq.ft. Hermes store along Greenwich Avenue in Greenwich, CT. This will be the company’s first location in the area. The store is slated to open during spring 2013.

Saks, Inc. (212-940-5305) will open a Saks Fifth Avenue Off 5th store at the Premium Outlets in Phoenix, AZ. The store is slated to open during spring 2013. The company currently operates more than 100 stores, under the trade names Saks Fifth Avenue OFF 5th and Saks Fifth Avenue.

Hibbett Sports, Inc. (205-942-4292) plans to open 55 to 60 Hibbett Sports locations, expand 15 high performing stores and close up to 18 stores during fiscal 2013. The company currently operates more than 830 sporting goods stores throughout 26 states nationwide.

Best Buy Co., Inc. (612-291-1000) plans to open 100 Best Buy Mobile stores nationwide this year. The company will also close 50 of its big box stores in 2013. The new concept will sell smaller electronic items, including mobile phones.

Lord & Taylor, LLC (212-391-3344) plans to open an 80,000 sq.ft. Lord & Taylor store at a former Robb & Stucky at Mizner Park in Boca Raton, FL. The store is slated to open during the fall. The company currently operates at 50 locations nationwide.

Culver Franchising System, Inc. (608-6437980) plans to operate 500 Culver’s by 2013. The company currently operates 449 restaurants nationwide throughout 19 states.

Lowe’s Cos., Inc. (704-758-1000) will open a Lowe’s Home Improvement store in Silverthorne, CO. The store is slated to open during August. The company also plans to open seven locations this year.

Microsoft Corp. (425-882-8080) plans to open a stand-alone Microsoft store in Toronto, Canada. The store is slated to open later this year.

Dealmakers

www.dealmakers.net

Lyfe Kitchen (650-325-5933) plans to open restaurants in CA and Chicago, IL during 2013. DM

HUT8004_Dealmaker Shoes Ad_100_Layout 1 3/22/12 3:51 PM Page 1

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Real Estate Professionals Making the News (continued from page fifty-two)

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 business 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 Marketplace, Bob Schwenger, 301-657-7331

Free State Shopping Center, Rich Abruscato, 301-998-8188

Bowie Plaza, Jack deVilliers, 703-442-4315

Hilltop Plaza – Newly Renovated!

Bruce Levine, 410-486-0800 x116

Bowie Town Center, Nicole Zupan, 703-415-2180

Pointer Ridge Plaza, Will Collins, 571-382-1290

Collington Plaza, Andrew Rose, 703-442-4500 x26

Shoppes at Bowie Town Center & Shoppes at Highbridge, Sean Weisbord, 410-771-1700

For more information on ALL of Bowie’s Opportunities, contact:

John Henry King, Economic Development Director, City of Bowie, Maryland 15901 Excalibur Road, Bowie, MD 20716 301.809.3042 | fax 301.809.2315 | jhking@cityofbowie.org page 56

May 25, 2012

The

Dealmakers

www.dealmakers.net

Marcus & Millichap (925-953-1700) promoted Brandon Michaels to senior director of the firm’s national retail group in Encino, CA and also promoted Mark J. Ruble to senior director of the firm’s national retail group in Phoenix, AZ. The company also hired Daniel A. “Sonny” Molloy as senior director of the firm’s national retail group in Atlanta, GA. The company also named Phil Sambazis as senior director of the company’s national retail group in San Diego, CA. The company also promoted Kevin W. Boeve to senior director of the firm’s national retail group in Ontario, CA. The company also named Glen Kunofsky as top single-tenant retail associate for the fifth year in a row. The company also promoted Barry M. Wolfe to senior director of the firm’s national retail group in Ft. Lauderdale, FL. The company specializes in commercial real estate investment services nationwide.

Robert K. Futterman & Associates (212-5993700) promoted four of its brokers; Richard Gelber from senior director to managing director; Caleb Petersen from director to senior director; Brian Segall from director to senior director and Greg Covey from director to senior director. The company specializes in retail leasing, investment sales and consulting services.

Mid-America Real Estate (414-273-4600) hired Brian Gingrass to its investment sales group. He will focus on the disposition and acquisition of smaller multi-tenant retail properties throughout WI. Prior to joining the company, Gingrass worked at Commercial Property Associates and Grubb & Ellis|Apex Commercial Real Estate. The company is a full-service retail real estate organization and specializes in tenant representation, asset management, investment sales and development advisory services.

Main Street Property Services, Inc. (925299-8170) hired Stephen Lawton as a retail consultant. Lawton will be responsible for assisting with the financial, administrative and community issues that accompany the development process. The company specializes in leasing, project positioning, remerchandising, development, marketing and tenant representation services for retail property owners, investors, tenants and municipalities.

Matanky Realty Group (312-337-1001) announced that its president, James Matanky, was appointed to state director of Illinois by the International Council of Shopping Centers. DM

R E A L E S TATE

S O U T H E AS T L L C

WWW.REALESTATESOUTHEAST.COM LEASING | MANAGEMENT | RE-DEVELOPMENT

Adamsville, AL | Adamsville Shopping Center

Alabaster, AL | Willow Plaza

Anniston, AL | Anniston Plaza

Boaz, AL | Shoppes at Boaz

Centre, AL | Cherokee Plaza

Demopolis, AL | Demopolis Town Center

Hokes Bluff, AL | Bluff Springs Plaza

Hueytown, AL | Hueytown Center

Jacksonville, AL | Pelham Plaza

Millbrook, AL | Grandview Pines

Prattville, AL | Heritage Place

Prattville, AL | Pratt Corners

Russellville, AL | Russellville Marketplace

Paragould, AR | Town West Center

Albany, GA | Albany Crossroads

Franklinton, LA | Eastgate Shopping Center

Clarksdale, MS | Clarksdale Commons

Danville, VA | Dan River Plaza

P.O. BOX 681955 | PRATTVILLE, AL 36068 | PHONE: 1-866-283-5516 | FAX: 334-491-6210

Buyers and Sellers (continued from page twenty-four)

Kin Properties is seeking to acquire singletenant properties nationwide. Preferred sites include freestanding supermarkets, anchor stores of malls or shopping centers and outlots to malls.

For more information, contact Kin Properties, 185 Northwest River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767; Web site: www.kinproperties.com.

AmCap Inc. is seeking to acquire supermarket anchored centers nationwide priced at $20 million or higher.

For more information, contact Jake Bisenius, AmCap Inc., 1281 East Main Street, Stamford, CT 06902; 203-327-2001; 203327-2001; Email: jbisenius@amcap.com; Web site: www.amcap.com.

Heslin Becker Properties sold a Walgreens located along Imperial Highway in Downey, CA. Downey Property Investments, LLC acquired the property for $8.1 million.

For more information, contact Matthew J. Heslin, Heslin Becker Properties, 3010 Old Ranch Parkway, Suite 420, Seal Beach, CA 90740; 562-799-8800, Fax 562-799-8858; Web site: www.heslinbecker.com.

From PDF

Marcus & Millichap negotiated the sale of a 109,000 sq.ft. mixed-use center situated on 8.8 acres along Waterchase Drive in Rocky Hill, CT. The property was acquired for $10.137 million with a Cap rate of 8.82%.

The company represented the seller in the transaction. The company is also is selling a 49,824 sq.ft. center located in Houston, TX. The property is 100% occupied and cotenants include Family Dollar, Payless ShoeSource and Popeye’s. The asking price is $3.914 million with a Cap rate of 8.5%.

For more information regarding the Rocky Hill property, contact Joseph French, Marcus & Millichap, 2999 Oak Road, Suite 210, Walnut Creek, CA 94597; 925-953-1700, Fax 925-953-1710; Web site: www.marcusmillichap.com. For more information regarding the Houston property, contact James H. Bell; 713-452-4255.

Southern New England Investments is seeking to acquire retail sites throughout CT. Suitable properties include shopping centers with an occupancy rate of 50% or more.

For more information, contact Southern New England Investments; 860-626-5029; Email: southernnewenglandinvestments@gmail.com.

NEW JERSEY’S #1 RETAIL SPECIALIST LOOKING FOR TENANTS? CALL US

Colliers International is selling a 14,550 sq.ft. Walgreens situated on 1.81 acres along U.S. Highway 27 in Lake Wales, FL. The tenant is bound to a 75-year lease with 21 years remaining on the initial term.

Area retail includes Home Depot, Kohl’s, Sears, Dillard’s, Regal Cinemas, Chili’s, Denny’s, Lowe’s Home Improvement, Citizen’s Bank, Subway and Taco Bell. The asking price is $3.304 million with a Cap rate of 5.75%.

For more information, contact Jereme Snyder or Eric Carlton, Colliers International; 949-474-0707; Emails: jereme.snyder@colliers.com and eric.carlton@colliers.com; Web site: www.colliersnnn.com.

Consumer Division

Over 2,025 Closed Retail Transactions Diversified Brands NJ’s Retail Specialists (908) 668-9600 | www.jefferyrealty.com 116 Route 22, North Plainfield, New Jersey 07060 LICENSED REAL ESTATE BROKER page 58

May 25, 2012

The

Dealmakers

Lee & Associates is selling a 44,039 sq.ft. center located along Jefferson Avenue in Murrieta, CA. The asking price is $3.25 million. The company is also selling a divisible two-parcel site on approximately 1.34 acres at the intersection of Newport Road and Winter Hawk Road in Menifee, CA. The parcel is situated at a signalized intersection. Nearby retailers include Home Depot, Target, Best Buy, Kohl’s, Lowes Home Improvement, Rite Aid and Bed Bath & Beyond. The population in a five-mile radius of 95,077 earns $70,266 as the average household income. The company is also selling a 2,156 sq.ft. freestanding building, shadow-anchored by Ace Hardware, and located on West Hobson Way, near Highway 10, in Blythe, CA. For more information regarding the Murrieta property, contact Mike Hanna, Mary Piper or Sheri Shoemaker, Lee & Associates, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-445-4503/4516/4510; Emails: mhanna@lee-associates.com; mpiper@lee-associates.com and sshoemaker@lee-associates.com; Web site: www.lee-associates.com. For more information regarding the Menifee and Blythe properties, contact Brian Bielatowicz; 951-445-4515; Email: bbielatowicz@lee-associates.com.

NJ’s Retail Specialists

www.dealmakers.net

CREC is selling a 57.55 acre parcel located at the intersection of World Center Drive/State Route 536 and between Apopka Vineland Road/State Route 535 and International Drive in Orlando, FL. Area draws include Walt Disney World. The asking price is $11.9 million.

For more information, contact Harry Blyden or Liran Friedman, CREC; 305-7793176/9483; Emails: hblyden@crec.com and lfriedman@crec.com. (continued on page sixty-two)

We’ll always make time for a quickie.

When tenants need to move quickly, they can always depend on Basser Kaufman.

As a successful family-owned and operated real estate developer since 1963, we have the expertise to cut through daily business complexities and provide fast one-on-one attention to our tenants and projects.

What’s more, Basser Kaufman has been a trusted ground-up shopping center developer for 48 years. We have nurtured

both our retail properties and our long-standing industry relationships, while adapting to the ever-changing marketplace. The result is 40 dynamic shopping centers in five northeast states.

So whether it’s meeting a tight store opening deadline or a complicated entitlement issue, Basser Kaufman is ready to deliver whatever is necessary.

Visit us at Booth C183H at RECon 2012.

For more information, contact Robert Goldfeder, Director of Leasing at 516 569 3700 x127 or robert@basserkaufman.com

Real Estate Investors and Developers 151 Irving Place, Woodmere, NY 11598 | T 516 569 3700 F 516 569 7528

See our new website at www.basserkaufman.com

SITE REquIREmEnTS:

SITE REquIREmEnTS:

SIZE: +/- 7,500 sq. ft.

SIZE: +/- 5,000 sq. ft.

fRonTagE: Minimum 65’

fRonTagE: Minimum 45’

TypES of locaTIonS conSIdEREd: Power Centers, Regional and Community Centers, Metro Downtown-Financial Areas, Outlet Centers

TypES of locaTIonS conSIdEREd: SMALL MARKET: Community Centers, Lifestyle Centers, Outlet Centers, Malls METRO FRinGE: Power Centers, Lifestyle Centers, Outlet Centers MALLS: Regional Malls, Small Malls

ShoppIng cEnTER SIZE: Minimum 150,000 sq. ft. GLA pREfERREd co-TEnancy: Discount Department Store, Supermarket, Fashion Anchor, Other Soft Goods dEmogRaphIcS: Minimum population - 120,000 people in a 5-mile radius.

Minimum median annual household income of $55,000

pREfERREd co-TEnancy: SMALL MARKET: national Discount Retailer (Walmart), Fashion Department Store (J.C. Penney), Supermarket, Other Soft Goods METRO FRinGE: Fashion Department Store (Kohl’s or J.C. Penney), national Discount Retailer (Target), Discount Department Store, Other Soft Goods MALLS: Fashion Department Stores (J.C. Penney, Macy’s, Dillard’s), national Soft Goods Retailers

• Over 840 stores nationwide

dEmogRaphIcS: Market population - 25,000 - 150,000+ Average household income $50,000 - $100,000

• Plan to open 20-30 stores a year

• Small-market success for over 75 years

• Fashions developed exclusively for dressbarn – sizes 4 to 24 and Petites

• Over 825 stores nationwide and Canada

• Proven success – 50 years in business

• Dynamic marketing program drives traffic and builds customer relationships through direct mail, magazine & e-mail campaigns • Private label credit card with exclusive cardholder benefits that encourage repeat business

• Plan to open 35-50 stores a year

• Fashion casual and dressy needs for women with a “20-something” attitude – most women’s styles in sizes 1 to 24 • Marketing strategy drives traffic and builds customer relationships through direct mail, e-commerce, e-mail, and grassroots programs within the community • Private label credit card with exclusive cardholder benefits that encourage repeat business

4

Now has $2.8 billion in annual sales with nearly 2,500 stores and 3 strong, complementary brands.

SITE REquIREmEnTS: SIZE: +/- 4,000 sq. ft.

dressbarn real estate department Phone: 845-369-4804 30 Dunnigan Drive, Suffern, NY 10901 e-mail us at real.estate@dressbarn.com

fRonTagE: Minimum 30’ TypES of locaTIonS conSIdEREd: Malls, Power Strip Centers, Outlet Centers, Lifestyle Centers, Community Strip Centers ShoppIng cEnTER SIZE: Minimum 150,000 sq. ft. GLA pREfERREd co-TEnancy: Fashion-oriented soft goods retailers, department stores, discount department stores dEmogRaphIcS: Population: 100,000+ Median household income: $55,000+ $100,000+households: 5,000+ • Largest premier tween specialty retailer in the world: over 900 stores

maurices real estate department Phone: 218-720-2071 105 West Superior Street, Duluth MN 55802 e-mail us at tkaris@maurices.com

• Plan to open 35-45 stores a year • Provides the hottest fashion merchandise and accessories for tweens aged 7-14 • Attracts and caters to an average household income of over $100,000 • Blankets a database with over 75 million contacts with catazines, direct mail, and marketing pieces tween brands real estate department Phone: 614-775-3548 8323 Walton Parkway, New Albany OH 43054 e-mail us at realestate@tweenbrands.com

Buyers and Sellers

Sources of Financing Meridian Capital Group, LLC arranged $28.4 million in acquisition and construction financing for Steelworks Lofts, a 110,000 sq.ft. mixed-use center located along North 4th Street, between Berry Street and Wythe Avenue, in Brooklyn, NY. The site features a 20,000 sq.ft. retail component and an 83unit residential component. The 36-month loan was provided by a regional balance sheet lender and features floating rates and interest-only provisions for the full time.

The company also arranged $5.5 million in financing for a mixed-use property located along West 57th Street in New York, NY. The loan features a rate of 3.63% and a fiveyear term. The company also arranged $3.5 million in financing for a five-story, mixeduse building located along Rivington Street in New York, NY. The loan features a rate of 3.5% and a five-year term.

For more information, contact Jonathan Stern, Meridian Capital Group, LLC, 1 Battery Park Plaza, 26th Floor, New York, NY 10004; 212-612-0181, Fax 212-201-5181; Email: jstern@meridiancapital.com; Web site: www.meridiancapital.com.

BMC Capital arranged $465,000 in financing for a Denny’s located in Chicago, IL. The loan features a 65% loan-to-value ratio, 6.5% interest rate and a 20-year amortization. The company also offers loans for the acquisition of retail and NNN leased sites. Transactions in the $500,000 to $1.5 million range with a maximum loan to value of 75% are preferred.

Terms range from three to seven years with interest rates of 4.41% to 5.19%.

For more information, contact Carl Esrey, BMC Capital, 3100 Monticello Avenue, Suite 400, Dallas, TX 75205; 214-526-7178; Web site: www.bmcapital.com.

Dominion Commercial Mortgage Lending provides permanent mortgage loans and mezzanine financing for industrial, multifamily, office buildings, retail, special purposes and medical properties.

For more information, contact Keith Olson, Dominion Commercial Mortgage Lending, East Tower, 11355 West Olympic Boulevard, Suite 210, Los Angeles, CA 90064; keitho@dominfin.com; Web site: www.dominfin.com.

Lighthouse Commercial Mortgage offers loans for retail, office, industrial, apartments and single tenant properties of up to $7.5 million with loan to value ratios of 65% to 100%.

For more information, contact Mike Anderson, Lighthouse Commercial Mortgage, 3220 Riverside Drive, Columbus, OH 43221; 614-340-3972; Email: manderson@lighthouse-commercial.com. DM page 62

May 25, 2012

The

(continued from page fifty-eight)

The Kase Group is selling a Best Buy located in Lake Geneva, WI. Area retail includes Home Depot, Target, Walmart Supercenter and Sears. The asking price is $6.241 million with a Cap rate of 7.25%. The company is also selling a Best Buy in Pueblo, CO. Area retail includes Kohl’s, Bed Bath & Beyond, and Old Navy. The asking price is $3.764 million with a Cap rate of 7.25%. The company also negotiated the sale of an Urban Outfitters in Walnut Creek, CA. The property sold for in excess of $721 psf.

The storefront is surrounded by Neiman Marcus, Nordstrom, Macy’s, Tiffany & Co., Apple, Ruth’s Chris Steakhouse, Crate & Barrel, Cheesecake Factory, World Market and H&M. The company is also selling a freestanding Dollar General in New Orleans, LA. The asking price is $1.577 million with a Cap rate of 7.5%. Also, a Famous Dave’s in Denver, CO, is for sale. Walmart and Sam’s Club shadow-anchor the restaurant.

Neighboring retailers include Home Depot, Ross Dress For Less, PetSmart, Office Depot, Payless and Big 5. The asking price is $4.196 million with a Cap rate of 7.75%.

For more information, contact Kase Abusharkh or Jacob Abusharkh, SVN, The Kase Group, 252 Abigail Circle, Danville, CA 94506; 925-348-1844/925-736-8405; Emails: kase@svn.com and jacob@svn.com; Web site: www.thekasegroup.com.

The Maffia Team is selling Peachtree Plaza, a 35,350 sq.ft. center located at the intersection of East Lane Avenue and South Willow Avenue in Fresno, CA. Winco Foods shadow-anchors the center and cotenants include CVS and Panda Express.

Area retail includes Dollar Tree and Walmart. The asking price is $14.9 million with a Cap rate of 7%.

For more information, contact Michael Maffia or Putnam Daily, The Maffia Team, 2207 Bridgepointe Parkway, Suite 120, San Mateo, CA 94404; 415-445-5144/5107, Fax 415-373-4060; Emails: mmaffia@ccareynkf. com and pdaily@ccareynkf.com; Web site: www.maffiateam.com.

CBRE Group, Inc. facilitated the sale of the Tequa Festival Marketplace, located on Highway 179 in Oak Creek, AZ. The 54,068 sq.ft. retail center, built in 1999, was 34% leased at the time of the closing.

The company represented the seller GCCFC 2006-FF7 Tequa Festival, and negotiated $4.08 million as the purchase price.

For more information, contact CBRE Group, Inc., 2415 E. Camelback Road, Phoenix, AZ 85016; 602-735-5555; Web site: www.cbre.com.

Dealmakers

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The Boulder Group negotiated the sale of a 10,125 sq.ft. CVS situated on 1.57 acres along Glenwood Road in Decatur, GA. The property was acquired for $2.847 million. The company represented both the buyer and the seller in the transaction.

On behalf of a client, the company is also seeking to acquire single tenant NNN leased properties. Suitable properties include tenants bound to leases with 10.5 years or more remaining on the initial term and priced at $1 to $1.5 million with a minimum Cap rate of 7.35%. Preferred demographics include a population of 100,000 within five miles.

For more information regarding the Decatur property, contact Randy Blankstein, The Boulder Group; 847-562-0003; Email: randy@bouldergroup.com; Web site: www.bouldergroup.com.

For more information regarding the single tenant properties, contact Jimmy Goodman; 847562-8500; Email: jimmy@bouldergroup.com.

Edgemark Commercial Real Estate Services, LLC sold a 10,147 sq.ft. shopping center located on East Algonquin Road in Rolling Meadows, IL. The center was 100% leased at the time of sale with tenants including SportClips, Verizon, FedEx, HoneyBaked Ham and Hungry Restaurant.

For more information, contact Jeffery J. Kowal, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5611, Email: jkowal@edgemarkllc.com.

Adelphia Properties is selling a 5,000 sq.ft. freestanding building located along Ogden Avenue in Downers Grove, IL. Area retail includes McDonald’s, Walgreens, Dunkin’ Donuts, Chase Bank, and Jewel Osco. The company is also selling 10,200 sq.ft., fullyleased strip center in Crete, IL. The property is located near Kohl’s, McDonalds and Dairy Queen. The asking price is $1.37 million with a 9.52% Cap rate.

For more information, contact George Spirrison, Adelphia Properties; 630-455-4495; Email: george@adelphiaproperties.com.

Chase Development Corp is selling a 2.5-acre retail parcel on Albany Turnpike in Canton, CT. The site is currently approved for a 14,400 sq.ft. building and shares an entrance with The Shoppes at Farmington Valley.

For more information, contact David N. Hubbard, Chase Development Corp, PO Box 196, Southfield, MA 01259; 413-258-4769; Email: dnh946@aol.com. (continued on page sixty-six)

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

The Melting Pot Restaurants, Inc. trades as The Melting Pot Restaurant at 142 locations nationwide as well as in Canada and Mexico.

The chain of fondue restaurants prefers to occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in entertainment, lifestyle, power, specialty and strip centers, regional malls, and urban/downtown and freestanding locations. Growth opportunities are sought throughout the Midwestern, northeastern, western and southeastern regions of the U.S., as well as internationally, during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 300,000 within 10 miles earning $55,000 as the average household income. The company is franchising. Burger 21 International, Inc. trades as Burger 21 at two locations in FL. The restaurants prefer to occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in endcaps, multi-tenant parcels and freestanding locations. Growth opportunities for one opening are sought in the areas east of CO, including the Orlando, Tampa Bay and southern areas in FL; Atlanta, GA and in Las Vegas, NV during the coming 18 months.

The company prefers to locate in sites with strong visibility and an average daily traffic count of 25,000 vehicles.

For more information, contact Jim Sullivan, The Melting Pot Restaurants, Inc./Burger 21 International, Inc., 8810 Twin Lakes Boulevard, Tampa, FL 33614; 813-425-6215, Fax 813-367-0076; Emails: jsullivan@meltingpot.com and jsullivan@burger21.com; Web sites: www.meltingpot.com and www.burger21.com.

Wing Zone operates 100 locations nationwide. The restaurant chain prefers to occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in specialty, strip and value centers, outlets, universities, and downtown, entertainment and freestanding locations.

Plans call for 10 openings along the eastern coast, in addition to the southeastern and Midwestern regions of the U.S. during the coming 18 months, with representation

by Ape Realty, Inc. Typical leases run five years with five-year options. A vanilla shell and specific improvements are required.

Preferred demographics include a population of 40,000 within three miles. Major competitors include Buffalo Wild Wings, Wing Stop and Wings to Go. The company is franchising. All site submittals must be sent via email.

For more information, contact Mark Camara, Ape Realty, Inc., 4491 West Whitewater Avenue, Weston, FL 33332; Email: mcamara@aperealty.com; Web site: www.aperealty.com. page 64

May 25, 2012

The

Tossed operates seven locations in CA, FL, MA, NC, NY, TX and British Columbia, Canada. The fast-casual restaurants prefer to occupy spaces of 1,600 sq.ft. to 2,400 sq.ft. in malls, airports and office complexes. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by Winick Realty Group, LLC. The company will also consider 600 sq.ft. kiosks. Cefiore operates 10 locations in CA, KY, NV and WA, as well as internationally.

The chain of yogurt shops prefers to occupy spaces of 600 sq.ft. to 1,200 sq.ft. in downtown areas. Growth opportunities are sought in Manhattan, NY during the coming 18 months, with representation by Winick Realty Group, LLC. Just Salad operates eight locations in NY and Hong Kong. The restaurants prefer to occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in various retail settings.

Growth opportunities are sought in New York, NY during the coming 18 months, with representation by Winick Realty Group, LLC. The company prefers to locate in high traffic areas.

For more information regarding Tossed, contact Hal Shapiro or Lee Block, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-7922623/2649; Emails: hal@winick.com and lee@winick.com; Web sites: www.tossed. com and www.winick.com. For more information regarding Cefiore and Just Salad, contact Joseph Isa, 212-792-2647, Fax 212792-2660; Email: joseph@winick.com.

Chipotle operates 1,225 locations nationwide. The Mexican restaurants prefer to occupy spaces of 1,900 to 2400 sq.ft. in endcaps or freestanding locations.

Growth opportunities are sought in Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. The Habit Burger Grill operates 54 locations in AZ and CA. The restaurants prefer to occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought in Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. A patio space is required.

The company will also consider sites with a drive-thru. Panera Bread operates 1,541 locations in 40 states nationwide as well as Canada. The restaurants, serving sandwiches, salads, soups and specialty breads, prefer to occupy spaces of 3,800 sq.ft. to 4,800 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought in Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. The company prefers sites with patio seating.

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For more information, contact John Romm, Commercial West Brokerage, 2443 East Coast Highway, Corona Del Mar, CA 92625; 949-723-7300 Ext. 15, Fax 949-723-7301; Email: jromm@commercialwest.com; Web site: www.commercialwest.com.

Arby’s Restaurant Group, Inc. trades as Arby’s at over 3,500 nationwide. The fast food restaurants prefer to occupy spaces of 2,800 sq.ft. to 3,600 sq.ft. in outparcels and freestanding locations. Limited growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers high traffic areas. Expansion is franchise driven.

For more information, contact Todd Jackson, Arby’s Restaurant Group, Inc., 1155 Perimeter Center West, 6th Floor, Atlanta, GA 30338; 678-514-5262; Email: tjackson@arbys.com; Web site: www.arbys.com.

Chinese Gourmet Express and Sansei Japan operate 90 locations nationwide. Sansei Japan prefers to occupy spaces of 600 sq.ft. to 1,300 sq.ft. and Chinese Gourmet Express prefers to occupy spaces of 600 sq.ft. to 2,000 sq.ft. in food courts and regional shopping centers.

Growth opportunities are sought throughout major metropolitan areas nationwide during the coming 18 months, with representation

by Zorehkey & Associates. Typical leases run 10 years.

For more information, contact Michael Zorehkey, Zorehkey & Associates, 30021 Tomas Street, Suite 300, Rancho Santa Margarita, CA 92688; 949-916-4178, Fax 949-916-4179; Email: mzorehkey@cox.net.

Hiro’s Sushi Express operates three locations in FL. The chain of sushi restaurants prefers to occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in strip centers. Growth opportunities throughout Miami-Dade, FL during the coming 18 months, with representation by MOONllc Commercial Real Estate. The company prefer sites with an outdoor seating area and will also consider locating near college campuses.

For more information, contact Ryall Tarpley, MOONllc Commercial Real Estate, 1111 Brickell Avenue, Suite 1100, Miami, FL 33131; 312-731-6307. DM

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you can read the issues online at www.dealmakers.net.

WANTED

National Retailers Ready To Enter Americas Most Dynamic Market…

Ranked #1 New Job Growth & #3 GDP Growth, Nationally!

RETAil oPPoRTuNiTiEs AvAilAblE

PRiME CENTER CouRT & iN-liNE loCATioNs / Plus (2) PAD siTE’s Concord Mall is seeking National Retailers to enhance co-tenancy and sales.

Our merchandising plan includes, but not limited to: Apparel, Children’s, Specialty Gifts, Maternity, Toys, HOTEL & Restaurant Categories.

Partial listing

Why Concord Mall?

• PROFIT-Potential: Ultra Efficient CAM & Low RETax Rates • Concord Mall Absorbed 118,400 SF in 2011 – Ask Me Why...

• Four (4) National Retailers Posted All Time High Gross Sales! Tenured Leases 25-40 year tenancies • Multiple Retailers Posting Double Digit Sales Gains!

• Highest Traffic Counts in Elkhart, County. ADT 33,700 on US 33. $10.3M expansion in 2011.

• Compelling Demographics - Avg. HH Income $63,737 • Ambitious Community Based Marketing Program Yielding 298% ROI • Seasoned, Professional Management Team, Sales/Marketing Support

MEET WiTh ME AT RECoN oR sECuRE youR loCATioN bEfoRE… Robert L. Thatcher SCSM, SCLS, SCMD, SCDP General Manager/Director of Leasing P: (574) 875-8416 E: rthatcher@triyar.com | T: @RLThatcher

shopConcordMall.com

Kid to Kid and Uptown Cheapskates

Buyers and Sellers

(continued from page twelve)

(continued from page sixty-two)

Three franchised units are opening this year in Phoenix and Tucson, Arizona.

Expansion will continue nationwide, with an active focus on California; Colorado; Florida; Atlanta, Georgia; Maryland; Missouri as well as North and South Carolina, in addition to Dallas, Texas and Utah. The company is also planning to expand to South America, Mexico and Canada. Many of the Kid to Kid franchisees are also growing with its new spinoff Uptown Cheapskate.

According to Pitts, the newest concept’s direct competitor is Buffalo Exchange. The company prefers to cotenant with Target, Walmart, Michaels or Hobby Lobby in highly visible locations. End caps and inline spaces, with prominent signage, located near regional malls or other established soft goods retailers are preferred. Groceryanchored community centers with high traffic counts within regional shopping corridors are also preferable site options.

Proximate parking is also important because most Kid to Kid customers are young mothers and have their “hands full” with clothes they are bringing in to sell to or items they have purchased.

Kid to Kid utilizes spaces of 2,400 square feet to 4,800 square feet, however “movement to larger stores has been the rule in recent times as rents have been more favorable for relocation, expansion, and new units within a tenant favored leasing environment,” explained Wright. Uptown Cheapskate and Kid to Kid combo stores utilize spaces of up to 8,000 square feet. Although the Uptown Cheapskate concept is still new, it is expanding very quickly and has been well received by existing Kid to Kid franchisees and their landlords. “Store size is driven by rents and CAM, particularly for “green field” stores with new franchisees. As franchisees become seasoned it is easier to project, for lenders, landlords and themselves, the sales revenues required to sustain a larger fixed cost structure. As a result many renewals and relocations result in larger store formats,” according to Wright. Following the buildout completion, the franchisee needs 90 days for inventory acquisition before a grand opening. Site selection is a collaborative effort between franchisees, the corporate office and Merrick Wright of Inter-Comm Realty Reps along with appointed local representation from brokers including CB Richard Ellis, NAI Global, SRS and Velocity Retail.

The Rotella Group, Inc. is selling a 1.7-acre parcel located along East McNab Road in Pompano Beach, FL. Area retail includes CVS, Publix, Marshalls and Chase Bank.

Area demographics include a population of 225,474 within five miles earning $62,863 as the average household income. The average daily traffic count is 45,500 vehicles.

The company is also selling a 2,536 sq.ft. former McDonald’s situated on 1.07 acres along Northwest 9th Avenue/Powerline Road in Ft. Lauderdale, FL. Area retail includes Family Dollar. Area demographics include a population of 378,771 within five miles earning $59,233 as the average household income. The average daily traffic count is 26,000 vehicles. The asking price is $280,000.

For more information regarding the space in Pompano Beach, contact Bill Rotella, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: wjr@rotellagroup.com. For more information regarding the space in Ft. Lauderdale, contact Dan Coyle or Steve Miller; Emails: dan@rotellagroup.com and steve@rotellagroup.com.

For more information, contact Merrick Wright, Inter-Comm Realty Reps; 801-6311974; Email: merrickbwright@gmail.com; Websites: www.kidtokid.com and www.bcfranchise.com. DM page 66

May 25, 2012

The

The Stolkin/Richards Group of Battery Commercial Investment Real Estate Brokerage is selling a 14,820 sq.ft. Walgreens situated on 2.849 acres located along North Herritage Street in Kinston, NC. The tenant is bound to a 25-year NNN lease with 20 years remaining on the initial term. The site is in close proximity to Lenoir Memorial Hospital.

The NOI is $316,900 and the asking price is $4.875 million with assumable debt at an interest rate of 5.33% on a $3.052 million loan. The five-mile population of 28,159 earns $44,025 as the average household income.

For more information, contact Bob Stolkin or Chad Richards, The Stolkin/ Richards Group; 415-963-4712; Emails: bstolkin@batterycommercial.com and crichards@batterycommercial.com.

Riser Retail Group is selling Cassopolis Commons, an 11,380 sq.ft. center located along Cassopolis Street in Elkhart, IN. The center is 100% occupied and shadow-anchored by Walgreens. The average daily traffic count is 23,400 vehicles. The asking price is $1.475 million with a Cap rate of 10%.

For more information, contact Jason Johnson, Riser Retail Group, 600 East 96th Street, Suite 590, Indianapolis, IN 46240; 317-844-0700, Fax 317-844-0701 Email: jjohnson@riserretailgroup.com.

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The Shopping Center Group is selling Victory Crossing, a 106,723 sq.ft. shopping center located at the intersection of Interstate 264 and Victory Boulevard in Portsmouth, VA. Farm Fresh Food & Pharmacy anchors the center with a 57,278 sq.ft. supermarket, which is slated to undergo a $2 million renovation. The site is located less than five miles from Norfolk Naval Shipyard. In a seven-mile radius resides a population of 297,589 with the average household income exceeding $63,000.

For more information, contact Neal Pringle, The Shopping Center Group, 300 Galleria Parkway, 12th Floor, Atlanta, GA, 30339; 770-955-2434, Fax 770-951-0054; Web site: www.theshoppingcentergroup.com.

Edge Realty Capital Markets is selling Olde Towne Plaza located on Manchester Road in Ballwin, MO. The 288,074 sq.ft. center is 100% occupied with key tenants including Lowe’s Home Improvement, Big Lots, HomeGoods, Marshalls and Stein Mart. The 28.6-acre parcel has an average daily traffic count of 45,000 cars vehicles. Area retailers include ALDI, Costco, Home Depot, Kohl’s, Target and Walmart. With a NOI of $2.725 million annually, the asking price is $40.0 million reflecting a Cap rate of 6.81%.

For more information, contact Brandon Beeson or Steven Smith, Edge Realty Capital Markets; 214-545-6916/6933; Emails: bbeeson@edge-cm.com and ssmith@edge-cm.com.

Julius M. Feinblum Real Estate, Inc., on behalf of a client, is seeking to acquire strip centers in Chicago, IL and the surrounding suburban areas.

For more information, contact Frederick Feinblum, Julius M. Feinblum Real Estate, Inc.; 800-791-8936 ext. 7953; Email: ffeinblum@furniturerealestate.com; Web site: www.furniturerealestate.com.

Horn Cos. is selling two outparcels of 1.38 acres and 1.36 acres to a Walmart Supercenter in Leray, NY. The asking price for each is $450,000.

For more information, contact Douglas F. Morrison, Horn Cos.; 315-857-3922; Email: douglasfmorrison@gmail.com.

Calkain Cos. is seeking to acquire single tenant properties throughout Miami, FL; New York, NY and Washington, DC. Suitable properties are priced between $4 million and $28 million.

For more information, contact Rick Fernandez, Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 703-787-4732. DM

Sell Your Large Retail Center to AmCap Founded in 1979, AmCap buys supermarket anchored centers nationwide.

Core, Core+, and Value Add retail centers considered, including note purchases and recapitalizations.

Acquisition Criteria • Centers priced $20 million and higher • Existing supermarket anchored center with national credit tenants • High income, densely populated metropolitan neighborhoods

Acquisitions Jake Bisenius Chief Investment Officer JBisenius@AmCap.com 203-327-2001

Corporate Headquarters 1281 East Main Street Stamford, CT 06902 203-327-2001 www.AmCap.com

Regional Office / Leasing 44 Cook Street, #710 Denver, CO 80206 303-321-1500 Brokerage@AmCap.com

Exclusives and Leasing Assignments

New Construction

(continued from page fifty)

(continued from page twenty-two)

StreetSense (240-479-7221) represents Anthony’s Coal Fired Pizza with its expansion plans in MD, VA and Washington, DC. The pizzerias are seeking spaces of 2,800 sq.ft. to 3,200 sq.ft. in endcaps of shopping centers.

The company also prefers to locate in sites with high visibility and dense daytime and evening populations. The company is also representing The Burger Joint with the chain’s expansion plans in Alexandria, Arlington, Fairfax, and Montgomery, VA and Washington, DC. The restaurant chain is seeking spaces of 1,500 sq.ft. to 2,000 sq.ft. Strong daytime populations, strong median household incomes and dense residential areas are preferred. The company is also representing Starbucks with its expansion plans in DE, MD, northern VA and Washington, DC. The chain is seeking spaces of 1,400 sq.ft. to 1,800 sq.ft. in freestanding and corner locations and endcaps of shopping centers. A drive-thru and outdoor seating are preferred.

Edgemark, LLC is redeveloping Prairie View Plaza, located at the intersection of Dempster Street and Waukegan Avenue in Morton Grove, IL. Anchor and inline spaces as well as outlots are available. Area retail includes Golf Mill Mall. Area demographics include a population of 388,378 within five miles earning $101,440 as the average household income. The average daily traffic count is 37,500 vehicles.

For more information, contact Matt Smetana or Mike Wesley, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5632/5610, Fax 630-472-1019; Emails: msmetana@edgemarkllc.com and mwesley@edgemarkllc.com; Web site: www.edgemarkllc.com.

LMS Commercial (717-569-9373) represents Family Dollar with its expansion plans throughout central PA. The chain of dollar stores is seeking spaces of 8,000 sq.ft. to 10,000 sq.ft. in shopping centers and 8,000 sq.ft. to 9,180 sq.ft. for freestanding locations.

Jameson Commercial (312-751-0300) is representing Verizon Wireless with its expansion plans throughout Aurora, Sugar Grove, Sycamore and West Chicago, IL. The chain is seeking spaces of 1,500 sq.ft. to 2,500 sq.ft.

Renaud Consulting (703-404-2346) represents Teriyaki Express with its expansion in areas south of Baltimore, MD and northern VA. The restaurant chain is seeking spaces of 1,000 sq.ft. to 1,800 sq.ft.

Marcus & Millichap (925-953-1700) has been named the exclusive broker for the sale of a portfolio of seven Wendy’s locations in OH with an aggregate asking price of $23.768 million.

The Zall Co. (303-804-5656) has been named to assist with a national rollout for Kendra Scott, Le Creuset and Aftershock.

Katz & Associates (704-362-5050) is representing Pholicious with its expansion plans nationwide. The Vietnamese restaurant chain is seeking kiosk, mall and in-line spaces and high traffic transportation locations.

Excess Space Retail Services, Inc. (800-4358384) is representing Big Lots with surplus properties in FL, IL, NV and PA. DM page 68

May 25, 2012

The

The Moser Group, Inc. is preleasing Sun Valley Commons, a 53-acre project located at the intersection of Old Charlotte Highway and Wesley Chapel Stouts Road in Indian Trail, NC. Shop spaces and outparcels are available. Cotenants include Sun Valley 14 Cinemas, Moe’s Southwestern Grill and Sweet Frog Yogurt. The center is slated to open during the summer.

For more information, contact Van Southard or Katherine Southard, The Moser Group, Inc.; 704-882-1700 Ext. 224/231; Emails: vsouthard@themosergroupinc.com and ksouthard@themosergroupinc.com.

Winick Realty Group, LLC is preleasing a 6,500 sq.ft. center situated on a land area of 23,250 sq.ft. at the intersection of Boston Post Road and West Street in Pelham Manor, NY. Area retail includes BJ’s Wholesale Club, Michaels, Sleepy’s, Citibank, The Vitamin Shoppe, GameStop, Modell’s, Fairway and Omni Fitness.

For more information, contact Steven l.

Weissmann, Winick Realty Group, LLC; 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2609, Fax 212-7922660; Email: steven@winick.com; Web site: www.winick.com.

Glenwood is preleasing Huntersville East, a mixed-use project situated on 59 acres located at the intersection of Prosperity Church Road and Sam Furr Road in Huntersville, NC. The site features a 108,000 sq.ft. retail component, a 12,000 sq.ft. second-story office component and a 125-unit residential component. Shop space, anchor space and outparcels are available.

For more information, contact Glenwood, 9525 Birkdale Crossing Drive, Suite 200, Huntersville, NC 28078; 704-8971400, Fax 704-897-1401; Web site: www.glenwoodco.com.

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Crosland Southeast is developing the final phase of Blakeney, a 600,000 sq.ft. mixed-use project located in Charlotte, NC. The site features retail, office and apartment components. Cotenants include Target, Harris Teeter, Best Buy, Petsmart, BB&T Bank, Chic-fil-A and Firestone.

Construction is slated to be completed by the end of the year. The company is also redeveloping Quail Corners, located in Charlotte, NC. For more information, contact Crosland Southeast, 201 South College Street, 13th Floor, Charlotte, NC 28244; 704523-0272, Fax 704-676-1589; Email: info@croslandsoutheast.com; Web site: www.croslandsoutheast.com.

MPI is preleasing The Atrium at Fashion Center, a 171,376 sq.ft. project located in Paramus, NJ. Cotenants include T.J. Maxx, Bed Bath and Beyond and a future buy buy Baby. The company is also preleasing The Greene Town Center, a 1.1 million sq.ft. mixed-use located in Dayton, OH. For more information, contact Lynn Meredith, MPI; 757-838-1505; Email: lmeredith@mpi-re.com; Web site: www.mpi-re.com.

Plaza Properties is redeveloping Westland Mall into Weston Town Center, a onemillion sq.ft. project situated on 70 acres in Columbus, OH. Area draws include Hollywood Casino. The average daily traffic count is 10,000 vehicles.

For more information, contact Jeff Ungar or Nick Vollman, Plaza Properties; 614-2382010/2001; Emails: jungar@plazaproperties.com and nickv@plazaproperties.com.

Prestige Properties is developing The Mall at Bay Plaza, a 780,000 sq.ft. enclosed mall located at the intersection of Hutchinson Parkway and Interstate 95 in Bronx, NY. Macy’s and JC Penney anchor the project. Welco Realty is handling the leasing.

For more information, contact Jerry Welkis or Allan Cooperman, Welco Realty; 914-5767500; Web site: www.themallatbayplaza.com.

Shea Properties and Cinemark Holdings, Inc. are developing a 35,000 sq.ft. Century Theatres, as well as a specialty retail and restaurant pad site at Dunes on Monterey Bay, located at the intersection of Highway 1 and Imjin Parkway in Marina, CA. The theater is slated to open in 2013.

For more information, contact Shea Properties, 130 Vantis, Suite 200 Aliso Viejo, CA 92656; 949-389-7000; Web site: www.sheaproperties.com. DM

skill focus success

Management | Leasing | Acquisitions | Dispositions | Consulting Visit us at ICSC RECon booth C1523 15th Avenue to discuss our portfolio of properties and how we can help you hit your mark.

For more information contact info@gumberg.com or call 954.537.2700.

3200 North Federal Highway Fort Lauderdale, FL 33306 | 954.537.2700 | www.gumberg.com

URBAN LEASING The hub retail Corridor | 436 east 149th street – bronx, nY New residential and retail/commercial space proliferate the area with a dense residential population Access: One Block to #2 & 5 trains, BX19 bus stops in front of site and one block to many other BX lines Avg. Daily Traffic Count (ADT): 17,000

0.5 mile 1 mile

1.5 mile

population:

48,059

146,375

331,643

households:

15,254

47,342

110,494

$23,068

$23,540

Median income: $21,163

Area retailers: McDonald’s, Auto Zone, Sleepy’s, Walgreen’s, Modell’s Sporting Goods, Payless Shoesource, Forman 15,000 sq. fT. Mills, Dollar Tree, Rite Aid, GrounD floor Staples, Bank Of America, Sprint, Planet Fitness, 13,000 sq. fT. T-Mobile, Foot Locker, Banco seConD floor Popular, Radio Shack, Duane 7,700 sq. fT. Reade, and many more BASEmENT

hillside plaza | hillside & Metropolitan Aves @ 126th st. – kew Gardens/richmond hill Immediate availability for a rare opportunity in an end-cap location Great visibility – prime pylon signage Co-tenant with a top performing CVS GLA: 24,500 Sq. Ft. Parking: 80 Cars Avg. Daily Traffic Count (ADT): 26,000

0.5 mile 1 mile

2 mile

population:

26,103

105,431

385,145

households:

8,854

34,574

126,445

$53,268

$56,946

Median income: $52,589

2,250 sq. fT. AVAilAbleDIvISIBLE

Kaufman Astoria Studios • 35-11 35th Avenue • LIC, NY 11106 • (718) 392-5959 • www.s-z.com

OPPORTUNITIES northside plaza | 132-01 14th Avenue – College point, nY location: 14th Avenue at 132nd Street Join: Chase Bank, H&R Block, Five Guys Burgers & Fries Area Tenants: Target, BJ’s, TJ Maxx, Old Navy, PC Richard & Sons, Petco, Modell’s, Babies “R” Us, McDonald’s, Mandee, CVS, Dunkin Donuts and Starbucks occupancy: Immediate GLA: 12,500 Sq. Ft. Parking: 43 cars Avg. Daily Traffic Count (ADT): 13,000

3,771 sq. fT. AvAILABLE

1 mile

2 mile

3 mile

population:

33,610

124,643

418,347

households:

11,468

42,999

134,451

$56,373

$52,135

Median income: $64,499

TenAnTs we represenT

VisiT us AT iCsC reCon 2012. reTAil brokers neTwork booTh • C111 union sTreeT

Lease Signings Royal Properties (914-237-3403) negotiated a 10-year lease with Salon D’Avanti for 1,600 sq.ft. along Route 202 in Somers, NY. The company represented both the tenant and the landlord in the transaction. The company also negotiated a 10-year lease with Retro Fitness for 11,600 sq.ft. at Tappan Shopping Center, located along Route 303 in Tappan, NY and a 10-year lease with By the Bottle Wine & Spirits for 1,700 sq.ft. at Tappan Plaza, located along Route 303 in Tappan, NY. The company also negotiated a 15-year lease with Aroma Buffet at Big V Town Centre in Vails Gate, NY. Goodman Real Estate Services Group (216381-8200) negotiated leases with Planet Fitness for space at Richmond Town Square in Richmond Heights, OH and for space at Brookgate Shopping Center in Brook Park, OH. The company also negotiated a lease with Gold Guys for space at North Olmsted Plaza in North Olmsted, OH.

DLC Management (866-352-6468) negotiated the following leases: with Ramona & John’s Hair Salon for 750 sq.ft. at Ocean East Mall in Stuart, FL; with X-Fitness for 1,400 sq.ft. at The Shoppes at Letson Farms in McCalla, AL; with T-Mobile for 1,955 sq.ft. at Tower Shopping Center in Raleigh, NC; with Bigg Headz Barbershop for 1,600 sq.ft. at Bethesda Walk in Lawrenceville, GA; with Manhattan Fashion for 2,000 sq.ft., La Esperanza for 2,000 sq.ft., with Missitique Boutique for 1,050 sq.ft. and High Life Smoke Shop for 2,000 sq.ft. at Akers Center in Gastonia, NC; with GNC for 2,000 sq.ft. at West River Centre in Farmington Hills, MI; with Dawg House Grill for 1,203 sq.ft. at Cypress Point in Virginia Beach, VA; with X Tech Internet Café for 2,400 sq.ft. at Swift Creek Plaza in Garner, NC; with Rainbow Apparel for 4,800 sq.ft. at Levittown Town Center in Levittown, PA and with Anna’s Linens for 6,000 sq.ft. at Stone Mountain Square in Stone Mountain, GA.

Urstadt Biddle Properties, Inc. (203-8638200) negotiated leases with Chico’s for 2,850 sq.ft. and Fresh Market for 16,000 sq.ft. at Vernon Place Shops, located along Route 22 in Scarsdale, NY.

Taylor Long Properties (804-864-9788) negotiated leases with Rack Room Shoes for 3,000 sq.ft. and Justice for 3,900 sq.ft. at Cosners Corners, located along Jeff Dans Highway in Fredericksburg, VA.

Trout Daniel & Associates (410-435-4004) negotiated a lease with DaVita Dialysis Center for 10,000 sq.ft. at Randallstown Plaza, located in Randallstown, MD. Cotenants at the center include Radio Shack, Bank of America, Subway and Family Dollar. The company represented the landlord, Randallstown Plaza Associates, and UGL Equis represented the tenant in the transaction.

Flaum Management Co., Inc. (585-5464866) negotiated the following leases with Tuesday Morning throughout NY: for 8,910 sq.ft. in Queensbury at a space formerly tenanted by Rite Aid: for 10,011 sq.ft. at Kings Mall, located in Kingston; for 13,477 sq.ft. at Bethlehem Town Center, located in Glenmont and for 23,314 sq.ft. at Panorama Plaza, located in Penfield.

Forest City Enterprises, Inc. (704-971-0067) signed a lease with White House|Black Market, Coach, Sephora and Francesca’s Collections at Charleston Town Center, a one-million sq.ft. regional shopping center located in Charleston, WV. Macy’s, JCPenney and Sears anchor the center. (continued on page seventy-four)

SILBERT

REALTY & MANAGEMENT COMPANY, INC.

“Relationships Built On Results Since 1986” Real Estate Brokerage ∙ Property Management ∙ Asset Repositioning ∙ Retailer Advisory Services

Shops On The Green

Town of Morristown, Morris County, NJ

Target Anchored Center

Washington Twp., Morris County, NJ

Riverwalk Village Center

Bernards Twp., Somerset County, NJ

Lowe’s Anchored Center

Marlboro Twp., Monmouth County, NJ

For additional information on any of these great opportunities, or any additional assets for sale or lease, please contact us.

We Are Prepared To Service Your Real Estate Needs In Any Capacity 85A Division Avenue P.O. Box 406 Millington, NJ 07946

(908) 604-6900 (908) 604-2030 fax page 72

May 25, 2012

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www.silbertrealestate.com info@silbertrealestate.com

Retail Specialists unique

real

estate

NY, NJ & CT

solutions

• Airmont/Suffern, NY – 11 N. Airmont Road 1.54 Acre Parcel Avail for Ground Lease.

• Airmont, NY– 214 Route 59 5,000 SF Avail. Join AutoZone. New Shopping Center.

• Dobbs Ferry, NY – Saw Mill River Parkway – Chauncey Square 1,562 SF Retail & 765-5,780 SF Office Avail. New Construction.

• Harriman, NY – Route 6 & Route 17-32 – Woodbury Centre 1,440 – 38,000 SF Avail. Join Kohl’s, Staples, Michael’s, GameStop, Dunkin’Donuts and Eileen Fisher. Next to Woodbury Commons.

• Katonah, NY – 18 Woods Bridge Road (Route 17) 2,560 SF Avail. New Free Standing Bldg with Drive-Thru.

• Katonah, NY – Katonah Avenue – Katonah Shopping Center 1,500 SF Avail. Join Wells Fargo, USPS and Tengda.

• Kingston, NY – Ulster Avenue (Route 9W) 2 Free Standing Pad Sites with Drive-Thru. Up to 15,000 SF Avail.

• Lagrangeville, NY – Route 82 – LaGrange Commons 1,200 – 4,800 SF Avail. Join A&P Supermarket.

• Middletown, NY – Route 211 – H&K Furniture Plaza 1,875 – 43,000 SF Avail. Join Aldi, Cosmo Prof & Sherwin-Williams.

• Monroe, NY – Route 17M – Monroe Plaza 2,500 – 50,625 SF Avail. Join Stop & Shop & McDonald’s.

• Nanuet, NY – Route 59 – Rockland Center 1,200 & 15,000-23,000 SF Avail. Join Pathmark, Big Lots, PetSmart, AC Moore & HomeGoods. High Traffic/Visibility.

• Newburgh, NY – Route 300 – Newburgh Towne Center 3,023 SF Avail. Join Stop & Shop, Marshall’s, Dollar Tree & Dress Barn.

• Patterson, NY – Route 22 – Patterson Commons SC 1,250 SF & Pad Avail. Join A&P, Dollar Tree, Verizon & Dunkin’ Donuts.

• Peekskill, NY – Railroad Avenue – Peekskill Train Station 1,450 – 3,050 SF Avail. Highly Visible Downtown Location.

• Pine Bush, NY – 31 Ted Drive at Boniface Drive 1 Acre & 2.2 Acre Pad Sites (Up to 5,000 SF) Avail. Join Hannaford.

• Port Chester, NY – Westchester Avenue – Waterfront at Port Chester 4,600 SF Avail. Join Stop & Shop & Bed Bath & Beyond.

• Poughkeepsie, NY – Route 9 – South Road Square 2,425 SF Avail. Join Auto Zone, AT&T, GameStop & Subway.

• Rockland County, NY – Route 202 – The Shoppes at Mt. Ivy 12,000 – 86,000 SF & Pad Sites Avail. Join Wal-Mart Supercenter at Palisades Pkwy Exit 13. New Development. Opening Spring 2014.

• Rye, NY – 100 Purchase Street 1,925 SF Free Standing Building Avail. Opposite Train Station.

• Thornwood, NY – Columbus Avenue – Rosehill Shopping Center 1,050 - 1,600 SF Avail. Join A&P, CVS, Chase & Radio Shack.

• West Haverstraw, NY – Route 9W – For Sale/Lease 13,000 SF Avail on 2 Acre Parcel Opposite Stop & Shop at Light.

• White Plains, NY – Tarrytown Road – Rosemont Plaza 1,690 SF End Cap Avail. Join Planet Pizza, Pella Windows & Leslie Pools.

• Vails Gate, NY – Route 32 – Big V Town Center 2,000 – 7,000 SF Avail. Join Shop Rite & K-Mart.

• Yonkers, NY – Main Street – New Construction at Waterfront 4,877 SF Avail. Join Key Bank, Retro Fitness & Verizon FIOS. • Derby, CT – Pershing Drive – ShopRite Plaza 4,000 – 12,000 SF Avail. Join ShopRite, Petland & Pay-Half.

• Milford - CT –Route 1 – Liberty Rock Shopping Center 1,200 – 4,480 SF Avail. Join K-Mart, Walgreen’s & Dollar Tree.

• Newington, CT – Berlin Turnpike – JoAnn’s Plaza 1,500 SF Avail. Join JoAnn’s, Big Lots, Modell’s & Planet Fitness.

• Norwalk, CT – Route 1 – Shop Rite Plaza 20,000 SF Avail. Join Shop Rite, Barnes & Noble & GameStop.

• Norwalk, CT – Main Avenue (Route 7) – Center Seven 2,000 – 3,100 SF Avail. Join Starbucks, European Wax & Planet Pizza.

• Norwalk, CT –Main Avenue (Route 7) – Wal-Mart Center 2,640 & 4,380 SF Avail. Join Wal-Mart, Staples & Panera Bread.

• Orange, CT – 250 Indian River Road 18,937 SF Free Standing Bldg. Avail. 21 Ft. Ceiling & 92 Parking Spaces.

• Stamford, CT – Route 1 – Shop Rite Plaza 1,625 & 2,073 SF Avail. Join Shop Rite, Dunkin’ Donuts & Subway.

Representing retailers in select regions...

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

www.RoyalPropertiesInc.com

Lease Signings (continued from page seventy-two)

illi Commercial (818-501-2212) negotiated the following leases: for five years with Yoshinoya for 1,836 sq.ft. at Lancaster Commerce Center, located along West Avenue K in Lancaster, PA, with the company representing the tenant and The Morgiewicz Co. representing the landlord in the transaction; for five years with Farmers Insurance for 1,034 sq.ft. at Woodcourt, located along Ventura Boulevard in Woodland Hills, CA, with the company representing the tenant and Lee & Associates representing the landlord in the transaction and a three year sublease for 525 sq.ft. with CA Check Cashing along Anaheim Street in Wilmington, CA, with the company representing both the tenant and the landlord in the transaction.

Retail Solutions (512-474-5557) negotiated the following leases throughout TX: with Bed Bath & Beyond for space at Lakeline Plaza, located at the corner of Highway 183 and RR 620 in Cedar Park; with Vitimas Y Mas for 1,111 sq.ft. at Southridge Plaza, located along West William Cannon Drive in Austin; with Miracle Ear for 1,125 sq.ft. at Aubrey’s Crossing, located along General Bruce Drive; with Cricket Wireless for 1,155 sq.ft. at Timberhill Village, located along Timberhill Road in San Antonio; with Direct General for 2,200 sq.ft. at Harrison Crossing Shopping Center in Harlingen and with City Buffett for 10,050 sq.ft. at Boca Chica Plaza, located along Boca Chica Boulevard in Brownsville.

Sax Realty, Inc. (301-497-1192) negotiated a lease with Joe’s Crab Shack for space at the site of a former Damon’s Grill, located along Arundel Mills Boulevard in Hanover, MD. The company also negotiated the following leases with Koko FitClub throughout VA: at Great Falls Center, located at the intersection of Georgetown Pike and Walker Road, in Great Falls; at Fox Mill Shopping Center in Reston; at Ashburn Village Center, located at the intersection of Ashburn Village Boulevard and Glouchester Way in Ashburn and at North Point Village Center, located at the intersection of Reston Parkway and Lake Newport Road in Reston, VA. Fameco Real Estate, LP (610-834-8000) negotiated the following leases with Sports Clips; at Cross Keys Commons in Turnersville, NJ; Park East Plaza in Cherry Hill, NJ; Nassau Pavilion in Princeton, NJ; The Shoppes at English Village in North Wales, PA; Providence Town Center in Collegeville, PA and Marketplace at Neshaminy in Bensalem, PA. page 74

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Ludwig and Seeley, Inc. (248-750-1700) negotiated the following leases throughout MI: with Select Comfort for 3,006 sq.ft. at Arborland Shopping Center in Ann Arbor, with the company representing the tenant in the transaction; with Layer’s Beauty Bar & Spa for 3,250 sq.ft. at Willow Creek Shopping Center in Canton, with the company representing the both the tenant and the landlord in the transaction; with Lover’s Lane for 3,410 sq.ft. at Valley Plaza in Flint, with the company representing the landlord in the transaction; with CompBug for 1,015 sq.ft. at Century Plaza in Troy, with the company representing the both the tenant and the landlord in the transaction; with Crispelli’s 2 for 1,075 sq.ft. at Berkely Square in Berkley, with the company representing the landlord in the transaction.

Excess Space Retail Services, Inc. (516-3656400) represented Whole Foods Market in subleasing 3,080 sq.ft. to Midwest Skin Cancer Institute, LLC along East Ogden Avenue in Hinsdale, IL. The company also represented Genuine Parts Co. in subleasing 8,000 sq.ft. to Marshall Arts Studio along Dixie Highway in Florence, KY. Grubb & Ellis (951-491-6300) negotiated the following leases in Temecula, CA; with Qdoba Mexican Grill for 3,000 sq.ft. at Plaza Temecula; with Maui Wowi Coffee for 1,475 sq.ft. at Tower Plaza; with Banner Mattress for 4,675 sq.ft. at Cal Oaks Plaza and Los Jilbertos Taco Shop for 1,248 sq.ft.

Kite Realty Group (317-577-5600) negotiated a lease with Subway for 1,600 sq.ft. at Traders Point II, located along East 86th Street in Indianapolis, IN. Flocke & Avoyer Commercial Real Estate (619-280-2600) negotiated a three-year lease with Froglanders for 632 sq.ft. and with Radio Shack for 2,252 sq.ft. at La Jolla Galleria, located along Pearl Street in La Jolla, CA. The company represented the landlord in the transactions.

NAI Friedland (914-968-8500) negotiated a lease with Little Caesar’s Pizza for 1,000 sq.ft. along Southern Boulevard in Bronx, NY. The company represented the tenant and and Sabough Realty represented the landlord, 1058 Southern Boulevard Realty, in the transaction.

The Shopping Center Group (904-565-2635) negotiated a 10-year lease with Guitar Center for 8,100 sq.ft. at Danbury Square Shopping Center, located in Danbury, CT. Toys ‘R’ Us and Barnes & Noble anchor the center. DM

Lead Sheet AutoZone, Inc. dba AutoZone PO Box 2198 Memphis, TN 38101 Fax: 901-495-8969 Web site: www.autozonerealestate.com

Automotive The 4,900-unit chain operates 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 of shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information regarding expansion throughout AZ, CA (excluding Imperial, Los Angeles, Orange, Riverside, San Diego, Santa Barbara, San Bernardino and Ventura Counties); CO, FL (Daytona Beach, Orlando and Tampa metropolitan areas, and all south thereof), ID, MT, ND, NE, NM, NV, OK, OR, SD, TX, UT, WA, WY and Puerto Rico, contact Brad Denzin; 901-495-8904; Email: brad.denzin@autozone.com. For more information regarding expansion throughout AR, DE, IA, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, OH, PA (western and the Philadelphia metropolitan area), VA, WI, WV and Washington, DC, contact Kendrick Hickman; 901-495-8921; Email: kendrick.hickman@autozone.com.

For more information regarding AL, AK, CA (Los Angeles, Imperial, Orange, Riverside, San Diego, Santa Barbara, San Bernardino and Ventura counties), CT, FL (Panhandle, and all north of Daytona Beach, Orlando and Tampa Bay metropolitan areas), GA, MA, ME, NC, NH, NJ, NY, PA (eastern, excluding The Philadelphia metropolitan area), RI, SC, TN and VT, contact Chad Horton, 901-495-8753; Email: chad.horton@autozone.com. For more information regarding expansion throughout Mexico, contact Hector Gomez Serna, Carretera Nacional KM-269-A, Colonia la Estanzuela, 64988 Monterrey, Nuevo Leon, Mexico; 011-52-81-8155-7207, Fax 011-52-81-8155-7245; Email: hector.gomez@autozone.com.

Safelite Group dba Safelite Auto Glass John Kraft 2400 Farmers Drive Columbus, OH 43235 614-210-9000, Fax 614-210-9351

Automotive The 700-unit chain operates locations nationwide. The centers carry and install automotive glass and related items, as well as offer windshield repair services, and occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.

Speedee Worldwide Corp. dba Speedee Oil Change & Tune-Up Mark Dearing #4 Sanctuary Boulevard, Suite 102 Mandeville, LA 70471 985-624-2261, Fax 985-624-3829 Email: mdearing@speedeecorp.com Web site: www.speedeeoil.com

Automotive The 175-unit chain operates locations nationwide and internationally. The automotive service centers occupy spaces of 2,950 sq.ft. in freestanding locations and pad sites of malls and mixed-use centers. Growth opportunities are sought throughout CA, LA and NC during the coming 18 months. Typical leases run 15 years. Specific improvements are required. Preferred demographics include a population of 25,000 within three miles earning $55,000 as the average household income. Major competitors include Jiffy Lube. The company is franchising. The parent company for Speedee Worldwide Corp. is Midas International.

Children of America Educational Childcare & Academy dba Children of America Robin E. Lambro 5300 West Atlantic Avenue, Suite 700 Delray Beach, FL 33484 800-821-0561 Ext. 159, Fax 561-900-0191 Email: rlambro@childrenofamerica.com Web site: www.childrenofamerica.com

Child Care The 47-unit chain operates locations throughout DE, IL, IN, MA, MD, NC, NJ, NY, OH, PA, VA and WI. The child care learning centers occupy spaces of 8,500 sq.ft. to 12,600 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout CA; CT; DE; FL; Chicago, IL; IN; MA; MD; NC; NJ; NY; OH; PA; VA and WI during the coming 18 months. Typical leases run 15 to 20 years. A turnkey or build-to-suit is preferred. Preferred cotenants include banks, grocery stores and medical offices. Preferred demographics include a population of 30,000 within three miles earning $70,000 as the average household income. Major competitors include Kindercare and The Goddard School. A land area of one to 1.5 acres is required for freestanding locations.

7-Eleven, Inc. dba 7-Eleven Director of Real Estate One Arts Plaza, 1722 Routh Street, Suite 1000 Dallas, TX 75201 Web site: www.7-eleven.com

Convenience The 7,230-unit chain operates locations nationwide and in Canada. The convenience stores, some with gasoline facilities, occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in freestanding locations, urban/downtown areas and endcaps of shopping centers. Growth opportunities are sought throughout Los Angeles, San Diego and the San Francisco Bay area of CA; Colorado Springs and Denver, CO; Orlando, Miami, Tampa and central and southwestern FL; Chicago, IL; Boston, MA; Baltimore, MD; Detroit, MI; NJ; New York, NY; Las Vegas, NV; Portland, OR; Philadelphia, PA; Austin and Dallas/Ft. Worth, TX; Salt Lake City, UT; Hampton Roads, VA and Seattle, WA, as well Edmonton, Calgary, Vancouver and Toronto, Canada during the coming 18 months.

Convenient Food Mart Dev. Corp. dba Convenient Food Mart Greg Desantis 3642 Jacob Street Wheeling, WV 26003 304-232-3060 Ext. 20, Fax 304-233-4686 Email: gdesantis@convenient.com Web site: www.convenient.com

Convenience The 15-unit chain operates locations throughout OH and WV. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations and strip centers.

Growth opportunities are sought throughout southeastern OH and WV during the coming 18 months. Typical leases run 10 years with two, five-year options. Preferred demographics include a population of 3,000 households within one mile.

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Lead Sheet Ulta Ron DeLuca c/o R.J. Brunelli & Co., Inc. 400 Perrine Road, Suite 405 Old Bridge, NJ 08857 732-721-5800, Fax 732-721-9241 Email: rdeluca@njretailrealty.com Web sites: www.njretailrealty.com and www.ulta.com

Cosmetics The 449-unit chain operates locations nationwide in 43 states. The stores, offering cosmetics, fragrances and beauty products, as well as nail and hair salon, occupy spaces of 10,000 sq.ft. in freestanding locations and inline spaces of power and regional centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by R.J. Brunelli & Co., Inc.

Boscov’s Department Stores dba Boscov’s John Hlis 4500 Perkiomen Avenue Reading, PA 19606 610-370-3808, Fax 610-370-3799 Email: jhlis@boscovs.com Web site: www.boscovs.com

Department Store The 40-unit chain operates locations throughout DE, MD, NJ, NY and PA. The department stores, offering apparel, accessories, housewares and gift items, occupy spaces of 185,000 sq.ft. in regional malls and lifestyle and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with options. Specific improvements are required. Preferred demographics include a population of 175,000 within 10 miles earning $55,000 as the average household income.

Ann & Hope, Inc. dba Ann & Hope Outlet Shop, Curtain & Bath Outlet and Garden Outlet Michael Chase 1 Ann & Hope Way Cumberland, RI 02864 401-722-1000 Email: mchase@annhope.com Web site: www.curtainandbathoutlet.com

Discount The 11-unit chain operates locations throughout CT, MA and RI. The stores, offering window treatments, bedding, bathroom and home décor items, occupy spaces of 7,500 sq.ft. to 12,500 sq.ft. in power, strip and value centers. Growth opportunities are sought throughout the existing markets, in addition to southern NH, during the coming 18 months. Typical leases run five years with options. A vanilla shell is required.

Dollar General Laurie Mazzotta c/o Retail Strategies, Inc. 100 West Road, Suite 300 Towson, MD 21204 410-494-6500 Email: lamazzotta@aol.com

Discount The 10,000-unit chain operates locations nationwide throughout 39 states. The stores, offering discount general merchandise, occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding locations and inline spaces of community and neighborhood shopping centers.

Growth opportunities are sought throughout DE and MD during the coming 18 months, with representation by Retail Strategies, Inc. The company prefers to locate in areas with a strong street presence.

Cobb Theatres Jeremy Welman 2000-B Southbridge Parkway, Suite 100 Birmingham, AL 35209 205-802-1110 Ext. 112 Email: jwelman@cobbtheatres.com

Entertainment The 21-unit chain operates locations throughout AL; Lakeland, Miami-Dade, Orlando, Palm Beach, Tampa and Winter Haven, FL; Atlanta, GA; Richmond and Hampton, VA and Washington, DC. The movie theaters occupy spaces of 25,000 sq.ft. to 85,000 sq.ft. in entertainment, lifestyle and mixed-use centers. Growth opportunities are sought throughout the southeastern, Mid-Atlantic and eastern regions of the U.S. during the coming 18 months.

Preferred demographics include a population of 100,000 within three to five miles earning $75,000 as the average household income.

Marcus Theatres Corp. dba Marcus Theatres Katie Falvey 100 East Wisconsin Avenue, Suite 1900 Milwaukee, WI 53202 414-905-1140 Email: katiefalvey@marcuscorp.com Web site: www.marcustheatres.com

Entertainment The 54-unit chain operates locations throughout IA, IL, MN, ND, NE, OH and WI. The movie theaters occupy spaces of 45,000 sq.ft. to 100,000 sq.ft. in freestanding locations, malls and lifestyle, open-air and power centers. Growth opportunities are sought nationwide during the coming 18 months. A land area of 10 to 20 acres is required for freestanding locations.

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Lead Sheet Great Clips, Inc. dba Great Clips Paul Guidera 7700 France Avenue South, Suite 425 Minneapolis, MN 55435 952-746-6456, Fax 952-844-3445 Email: paul.guidera@greatclips.com Web site: www.greatclips.com

Hair The 3,100-unit chain operates locations nationwide and in Canada. The hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in grocery-anchored power and strip centers. Growth opportunities are sought nationwide and in western and Toronto, Canada during the coming 18 months. Typical leases run five years with two, five-year options. Preferred cotenants include Kohl’s, Target and Walmart. The company prefers to locate in areas with strong visibility and national retailers. The company is franchising.

Sherwood Management Co. dba Daniel’s Jewelers Larry Sherwood PO Box 3750 Culver City, CA 90231 310-846-5629, Fax 310-846-6316

Jewelry The 58-unit chain operates locations throughout CA. The jewelry stores occupy spaces of 1,100 sq.ft. to 1,300 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years. Preferred cotenants include JC Penney, Macy’s, Sears, Payless ShoeSource and Sally Beauty Supply.

Pet Goods Larry Liebowitz c/o Landmark Real Estate Co., LLC 392 Main Street Wycoff, NJ 07481 201-560-1800, Fax 201-560-0600 Email: ll@landmarkreco.com Web site: www.petgoods.com

Pet Supplies The four-unit chain operates locations throughout NJ and NY. The pet supply stores occupy spaces of 13,000 sq.ft. to 18,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout NJ and NY, excluding Long Island, during the coming 18 months, with representation by Landmark Real Estate Co., LLC. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Best Buy, Marshalls, Target and supermarkets. Major competitors include Petco and PetSmart.

Cartridge World Jared Davis c/o Present Value Properties, Inc. 150 El Camino Real, Suite 100 Tustin, CA 92780 714-464-3000, Fax 714-464-3015 Email: jared@pvpinc.com Web site: www.cartridgeworld.com

Specialty The 650-unit chain operates locations nationwide and in Canada. The stores, offering ink, toner and printer cartridges, occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in neighborhood centers. Growth opportunities are sought throughout the Inland Empire and Orange County, CA during the coming 18 months, with representation by Present Value Properties, Inc. The company prefers to locate in grocery anchored centers. Expansion is franchise-driven.

Leslie’s Poolmart, Inc. dba Leslie’s Pool Supplies Jim Iacobazzi 3925 East Broadway Road, Suite 100 Phoenix, AZ 85040 602-366-3999, Fax 602-567-7969 Email: jiacobazzi@lesl.com Web site: www.lesliespool.com

Specialty The 720-unit chain operates locations nationwide throughout 35 states. The stores, offering pool supplies and equipment, occupy spaces of 3,000 sq.ft. in freestanding locations and pad sites of strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. Preferred cotenants include grocery stores.

Relax The Back Acquisitions Corp. dba Relax The Back Kurt Buehler 6 Centerpointe Drive, Suite 350 La Palma, CA 90623 800-290-2225 Ext. 7941 Web site: www.relaxtheback.com

Specialty The 100-unit chain operates locations nationwide. The stores, offering back support products and accessories, occupy spaces of 2,300 sq.ft. to 2,700 sq.ft. in lifestyle, power and specialty centers. Plans call for 10 openings nationwide during the coming 18 months. Typical leases run five years with options. A vanilla shell and tenant improvement dollars are required.

Preferred cotenants include Ann Taylor and P.F. Changs. Preferred demographics include a population of 150,000 within five miles earning $75,000 as the average household income.

The company is franchising.

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Lead Sheet Cabela’s Charlie Phelps c/o Paraclete Realty 9648 South Pines Road, Suite 100 Warrenton, VA 20186 301-536-7900 Email: charlie@paracleterealty.com Web site: www.paracleterealty.com

Sporting Goods The 35-unit chain operates locations throughout AZ, CO, CT, ID, IL, IN, KS, LA, ME, MI, MN, MO, MT, NE, NV, OR, PA, SD, TX, UT, WA, WI and WV, as well as Alberta and Manitoba, Canada. The stores, offering hunting, fishing, camping and outdoor related merchandise, occupy spaces of 100,000 sq.ft. in freestanding locations and power and specialty centers.

Growth opportunities are sought throughout DE, MD, VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty.

Hibbett Sporting Goods, Inc. dba Hibbett Sports Jeff Gray 451 Industrial Lane Birmingham, AL 35211 205-942-4292 Ext. 7267, Fax 205-912-7292 Email: jeff.gray@hibbett.com Web site: www.hibbett.com

Sporting Goods The 830-unit chain operates locations throughout AL, AR, AZ, CO, FL, GA, IL, IN, KS, KY, LA, MO, MS, NC, NE, NM, OH, OK, SC, SD, TN, TX, VA, WI and WV. The sporting goods stores occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in freestanding locations, malls, power and strip centers. Plans call for 50 to 70 openings throughout the existing markets, in addition to MN, PA and WY, during the coming 18 months. Typical leases run five to 10 years with a three-year kickout. A vanilla shell and specific improvements are required. Preferred demographics include a population of 20,000 within five miles earning $30,000 as the average household income.

Calendar Holdings, LLC dba Calendar Club and Go! Calendars Lori Lesko 6411 Burleson Road Austin, TX 78744 512-386-7220, Fax 512-369-6192 Web site: www.calendarholdings.com

Temporary Tenant The 1,000-unit chain operates locations nationwide. The temporary tenants offer calendars, games and toys, and prefer to occupy spaces of 200 sq.ft. to 4,000 sq.ft. in kiosks of malls and inline spaces of lifestyle and outlet centers. Growth opportunities are sought throughout the existing market. Typical leases run six months, with locations opening during the fall season.

Halloween Express Karl Weidner 100 Progress Way Owenton, KY 40359 513-300-0000, Fax 513-677-8641 Email: kweidner@fuse.net Web site: www.halloweenexpress.com

Temporary Tenant The company operates locations nationwide. The stores, offering Halloween merchandise, costumes and decorations, occupy spaces of 7,000 sq.ft. in freestanding locations, malls and lifestyle, power and strip centers. Plans call for 200 openings during the Halloween season.

Typical leases run 12 weeks. Preferred demographics include a population of 100,000 within five miles. Major competitors include Spirit Halloween and Halloween City. The company is franchising.

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 1,000-unit chain operates locations nationwide. The stores, offering Halloween costumes, merchandise and decorations, 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. Plans call for 1,000 locations to be operating throughout the existing market during the 2012 Halloween season on a temporary three month basis. Preferred cotenants include Target, Best Buy, Kohl’s, Walmart and grocery stores. Preferred demographics include a population of 35,000 within 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 78

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www.dealmakers.net

the dealmakers state of the industry 2012 (continued from page twenty)

locations throughout the city, for example Café Metro. Baker noted that quick service food users still seem to be fairly aggressive in the New York City market and Chipotle has made a number of really good real estate decisions and a lot of similar users are trying to follow suit.

For example, Pret a Manger and Le Pain Quotidien are continuing to open stores. Coffee and sandwich retailers also seem to be aggressive, with Potbelly and Coffee Bean & Tea Leaf being the latest chains trying to penetrate the New York City market, according to Baker.

Susan Silver, executive vice president of Millennium Properties R/E, Inc., cited that most of the leases that she recently completed have been with mom-and-pop tenants. Silver also observed that the uses with the most prolific expansion in her market have been discount stores, gyms, salons and non-for-profits. Dianne Brown, principal of The Leasing Team, Inc., recently finalized deals with the School Box and rue 21. Brown also noted that tenant categories doing particularly well include resell consignment shops and budget-priced eateries.

Bowden stated the trade-area of Hurst, Texas is seeing national chains enter its market, including Buy Buy Baby, Raising Cane’s and Del Taco. McMasters observed Asian and Hispanic specialty supermarkets, discount retailers and fitness centers in the Bay area have seen a surge in growth. McMasters also noted that the most aggressive tenants in his market are fitness centers and quick-serve food categories, such as Five Guys Burgers and Freebirds. Fisher has also derived most of his recent deals from mom-and-pops that are predominately restaurants, taverns and entertainment uses. Fisher recently signed deals with Lightning Lazertag and Rosanna’s Restaurant. Fierstein also cited a large portion of his recent lease negotiations were with mom-and-pop and retail service tenants, in addition to several theater expansions, and leases with sporting good, shoe and discount department stores, in addition to numerous restaurants, most of which are corporate and franchised themed eateries in addition to fast food and fast casual restaurants. Clennan noted that, in his market of Leander, Texas, most new deals are across the board with mom-and-pops, franchisees and national retailers, while grocery, daycare and restaurant uses were cited as the most prolific. Consolo also noted that she too had finalized deals with mom-and-pops, franchisees and national retailers, in addition to a diverse group of global chains such as Uniqlo and Buccellati. Consolo also has assisted national-chains-in-the-making such as Poulet Rose, a shop for tweens and mom-and-pops such as the Pono Day Care Center in Harlem, New York. It also should be noted that chains catering the highest spectrums of incomes have seen a substantial increase in sales globally during the past two quarters and subsequently vertical retailers offering designer clothing, accessories and jewelry are growing their chains. Consolo added that she is seeing growth in child-oriented concepts, particularly in the luxury sector, and she cited MonnaLisa and LOL Kids as examples. The survey results indicate that mom-and-pop tenants are making a notable dent in leasing up vacancies nationwide, followed in a close second with franchisees. The uses most likely to expanding, according to the respondents, are moderate-to-budget priced food concepts, fitness and day care centers, upscale to popular-priced concepts catering to children, service providers, in addition to www.dealmakers.net

traditional, specialty and ethnic-centric supermarkets, discount soft goods and general merchandise, as well as any use catering to a highly affluent customer.

As retailers move back into expansion mode, the dynamics of making the deal are shifting away from short-term leases in order to fill vacancies and create cash flow. Deals have shifted back to having a long-term focus and landlords are actually finding the capital for build outs and tenant improvement allowances. The window of time from the retailer’s first look at the site to executing a lease is still longer that most find tolerable. Tenants are being more cautious in site selections and in some cases taking longer periods of time to complete lease negotiations, but once they commit to a site, they are willing to invest construction money for new stores, explained Fierstein. Silver noted that it is still taking a long time to complete leases with the institutional owners, although smaller owners are able to be more nimble and the time frame is much faster. Silver also has observed that most landlords are offering free rent in lieu of a tenant improvement allowance. Fisher has observed no change in the time it takes to close deals over the last few years and that it is still taking six to eight months on average from needs analysis to deal closing. He noted that in his market, retailers have been asking for considerable tenant improvement allowances with market rents and most of the retailers he has worked with are mom-and-pops with small budgets that rely on the landlord for tenant improvements.

Fisher added that tenants are seeing allowances on the order of $25 to $35 per square foot and the landlords were willing to work with them to get the deal done and to begin filling vacancies. Brown also cited a common trend in her market is for the landlord to provide free rent rather than to provide a tenant improvement allowance and that deals are taking 120 days or longer to close. Clennan noted that retailers are doing anything they can to lower the ‘cost-ofentry’ in the short-term and/or ‘flatten’ the facility cost for the mid- to long-term. McMasters cited that in better centers, the successful new concept food retailers are paying market rents but are seeking more tenant improvement dollars and most of his recent letters of intent asked for landlord contributions.

McMaster also noted that in some middle markets, it is still an effort to secure below market rents. He has also observed that it’s taking longer to close deals in part due to landlords requesting multiple construction bids on build-outs and really working the cost side. Consolo observed that tenants realize the market has improved, so they’re not asking for the moon any longer and now tenants are requesting more build-out money rather than lower rents. Baker noted that stronger credit tenants are asking for tenant improvement allowances, construction packages and below market rents, but New York City landlords are still resistant to give all three. Landlords will sometimes make that up in longer free rent periods, approximately six to seven months on average, and, in some instances, tenant improvement dollars are being offered, Baker added. Results of the survey showed that from both the landlord and retailer perspectives, the most common obstacle with leasing space during 2012 has been obtaining construction funding for retrofits and build-to-suits.

… retailers are doing anything they can to lower the ‘cost-of-entry’ in the short-term and/or ‘flatten’ the facility cost for the mid- to long-term.

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the dealmakers state of the industry 2012 (continued from page eighty-three)

New construction is the exception as most shopping center developers are just starting to defrost after a few years of being in the deep freezer and a very small sliver of the finance world has been willing to fund new retail development in the past six months. Based on the survey, most centers built within the past year had gross leasable areas of less than 100,000 square feet. Baker brokered a lease with Eastern Mountain Sports for a bi-level store measuring 12,800 square feet at the Laureate, a newly constructed luxury condominium in New York City. While Fierstein hasn’t seen any completely new construction projects start since 2007, he is working on several major construction projects which are expansions of existing malls or construction of smaller centers in the 150,000 square foot to 200,000 square foot range. Fierstein noted that his clients are once again finding lenders prepared to make construction loans to finance these new projects.

Brad Lawrence, director of public works for the city of Fort Pierre, SD, noted that as far as development is concerned, his city was hit hard with the Great Missouri River Flood of 2011 and subsequently, there is substantial development in the pipeline with about 75% of the new development being comprised of commercial buildings.

Clennan noted that a 25,000 square feet shopping center was recently developed in his market and two more retail projects are slated to break ground in the next year or two. McMasters noted that a 95,000 square foot development is in the works with a 40,000 square foot Asian Market as the anchor. Also at a Walgreens-anchored site, McMasters is preleasing adjoining shops. He is also preleasing the Westborough Square Shopping Center in South San Francisco and completion is scheduled fall of 2013. McMasters noted that construction financing is available for credit tenants, however most lenders require up to 60% of the gross leasable area to be preleased. Michael Epsteen, founder of Epsteen & Associates, explained that since due to the lack of construction the past three years and increased retail sales, the better retail sites are renting at the highest level since 2008. Approximately 95% of the respondents cited that they have not worked on a new construction project in years and have no plans to develop ground up projects in the next year or two; however a large percentage of the respondents do expect to redevelop and reposition older or weaker centers in their portfolios. The consensus of the survey is that financing new centers is difficult and there is a lack of demand from expanding credit anchors to develop largescale shopping centers.

Transaction volumes for single-tenant acquisitions and sales have been extremely high from the on start of 2012. Silver has sold ten properties in the past six months and in her experience the ability for the buyers to obtain financing is still an issue and some banks have placed values on the properties that are not in line with the market. The majority of the properties that she sold were vacant retail buildings in the 4,000 square foot to 60,000 square foot range and obtaining acquisition financing was difficult. Fisher agreed that obtaining acquisition financing has been difficult, however in the past nine months or so, he has seen an improvement in financing sources willing to talk and evaluate the deal specifics to see if they page 84

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are willing to proceed. Isaac’s firm has sold high quality multi and single-tenant properties during the last year in the $1 million to $14 million range, acting both as an owner and a broker. His experience has been that obtaining financing requires more documentation even for well qualified purchasers. Isaac noted that financing is available to well qualified borrowers, however the time frames to close a loan have elongated. Joseph Pietrafesa II, with Retail and Investment Properties, notes that inventory is hard to find, however there is a great off market single-tenant inventory circulating and moving well in the southeast. Clennan has seen five sales closed so far this year and last year, ten sites were sold in his market. He also cites that the lack of available financing as a major hurdle for most buyers. Forster noted that his experience has been low debt to equity financing is not difficult to obtain and is priced very nicely, however high debt to equity financing remains challenging. Other sentiments noted from respondents is that lenders and new guidelines for lending are hard to deal with; financing is difficult and expensive; it is a slow process and at substantially lower leverage ratios. Based on the survey, the average loan to value ratio was 60% for the acquisition of grocery-anchored shopping centers. Lack of product was also a common response. Respondents noted on their most recent sales, Cap rates ranged from zero to nine percent, with most buyers coming closer to a six percent Cap rate. Epsteen contends that as long as interest rates are low, Cap rates on retail properties will remain low as well. A few of the traditional lenders that were noted as actively funding in the retail sector include Compass-BBVA, University Federal Credit Union, A+ Federal Credit Union, Chase, Frost, Enterprise Bank, CitiBank and Wells Fargo. David Fryer, principal of G.S. Wilcox & Co., focuses on financing in the New Jersey, New York, Pennsylvania and Connecticut markets and represents life insurance company mortgage investors. His firm has facilitated financing in excess of $100 million for grocery-anchored shopping centers in the past twelve months. Fryer noted that positive indicators are that lenders have a new ability to see upside in a property versus just a downside. He stated that lenders are requiring higher loan to value ratios and longer amortizations. Fryer added that lenders are becoming more competitive and as an example, his firm recently closed on mortgage with an eleven-year interest only loan for a Waldbaum’s-anchored center. While obtaining financing for construction or acquisitions is far from easy, it is not completely impossible, especially if the asset is backed with a credit tenant and the landlord has a stellar record of success. In response to stricter guidelines, more documentation and a long window from initiation to the close of a loan, many owners are opting for private equity and joint-venture equity in order to circumvent today’s lending climate.

A recovery has been a long time coming and not a moment too soon.

Based on commentary from many of the respondents, a sense of humor has returned along with a renewed energy after a few years of non-stop dismal news. Most participants have an optimistic outlook for our industry and the economy as a whole. The worry of “waiting for the other shoe to drop” is no longer how most of us start our day and there is a greater sense of calm regarding our future. The sentiment resonated over and over again by thousands of the shopping center executives responding to The Dealmakers annual State of the Industry report was “It’s starting to get fun again!”

www.dealmakers.net

It’s starting to get fun again!

Leasing Great Sites • Looking for Acquisitions

LEASING

Rivercrest Realty has space available in anchored shopping centers along the East Coast.

For leasing, contact: Visit us at Debbie Lewis ICSC RECon FL, GA, SC, TN Booth #S5412 (919) 518-2000 dlewis@rivercrestrealty.com (lower level) Nicholas Schuman-Werb DE, MD, NC, VA, WV (919) 518-2000 nschuman@rivercrestrealty.com Helen Vitaliano New York Locations (718) 980-7684 hvitaliano@rivercrestrealty.com

ACQUISITIONS

Rivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi.

Acquisition Requirements: • Grocery / Shadow-Anchored • $5 Million Minimum Deal 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

View Property Details

STATE

CENTEr

AVAILAbLE SF

DELAWArE Seaford

Sussex Plaza

FLOrIDA Wilton Manors

Shoppes of Wilton Manors

1,312 – 47,367 SF

GEOrGIA Atlanta Augusta Macon McDonough

Lenox Village Southpointe Plaza Walnut Creek Plaza McDonough Marketplace

1,073 & 3,483 SF Fully Leased 1,202 – 3,497 SF 1,396 SF

MArYLAND Landover Pocomoke City Fruitland

Landover Crossing East Town Plaza Southtowne Commons

NEW YOrk Canandaigua Staten Island Staten Island

West Avenue Plaza 22,300 SF Coral Island Shopping Center 710 – 1,691 SF Tottenville Square 1,000 – 11,000 SF

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

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

1,773 SF 1,478 – 4,567 SF 3,971 SF 558 – 3,728 SF Fully Leased 8,488 SF 3,016 & 5,032 SF Fully Leased 1,067 – 5,253 SF Fully Leased 1,998 & 4,007 SF 3,023 SF 1,600 – 3,207 SF 1,211 & 8,537 SF 2,021 – 6,167 SF 1,396 – 10,959 SF

SOUTH CArOLINA Boiling Springs Columbia Florence Gaffney Georgetown Greenville Greenville Greenville Greenwood Greer Lake Wylie 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 Landing Station East Towne Centre Village Square Northwood Plaza Plantation Point Surfside Commons

2,006 SF 6,176 SF 1,204 & 1,746 SF 1,488 – 3,213 SF 3,011 – 10,044 SF 1,020 – 10,453 SF 1,482 – 5,217 SF 2,000 – 4,007 SF 1,512 – 12,579 SF 3,007 SF 1,207 SF 1,407 SF 1,444 & 2,788 SF 1,122 – 32,259 SF 1,552 – 9,916 SF 2,011 SF

TENNESSEE Cookeville

Cumberland Station

1,600 – 9,577 SF

VIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston Wytheville

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

2,081 & 2,999 SF Fully Leased 1,202 & 3,600 SF 3,010 SF Fully Leased 1,202 – 5,013 SF 1,402 – 2,396 SF

WEST VIrGINIA Princeton

East River Plaza

2,992 SF

2,039 – 97,421 SF 1,485 SF Fully Leased

3,341 SF

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California

Connecticut

Gulf Shores – Pelican Place at Craft Farms, a 372,000 sq.ft. center located along Highway 59, has space available. Target, Bed Bath & Beyond, Books-A-Million and Cobb Theater anchor the center.

Area demographics include a trade-area population earning $78,000 as the average household income. The average daily traffic count is 43,000 vehicles.

For details, contact Mark Fallon or Jennifer Yacks, Jeffrey R. Anderson Real Estate, 3805 Edwards Road, Suite 700, Cincinnati, OH 45209; 513-241-5800, Fax 513-241-2637; Emails: mfallon@anderson-realestate.com and jyacks@anderson-realestate.com.

Street has a 6,000 sq.ft. space available. The asking rent is $22.80 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro, Steven Sandelman or Jeff Ross; Kin Properties, 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888-546-7767.

Bank, Fred Astaire, Verizon Wireless, avenue, Liquor Land, and Gap. Newtown – Plaza South, located along South Main Street, has spaces available from 1,500 sq.ft. to 20,000 sq.ft. Orange – Lowe’s Plaza, located along Boston Post Road, has a 43,702 sq.ft. space available. Lowe’s Home Improvement anchors the center and cotenants include Guitar Center.

For details, contact Charter Realty & Development, 180 Main Street, Westport, CT 06880; 203-227-2922; Web site: www.chartweb.com.

California Castro Valley – A site located along Castro Valley Boulevard has a 49,000 sq.ft. space available. The asking rent is $20 psf. Fullerton – A location along Brea Boulevard has a 1,785 sq.ft. space available. The asking rent is $18 psf. Monrovia – A site located along Huntington Drive has a 3,225 sq.ft. space available. The asking rent is $21 psf. Santa Ana – A site located along South Bristol

Connecticut Avon – Tri Town Plaza, located along West Main Street, has spaces available from 1,500 sq.ft. to 8,500 sq.ft. Cotenants include FastFrame. East Hartford – Charter Oak Mall, located along Silver Lane, has a space available of 21,108 sq.ft. Burlington Coat Factory and Stop & Shop anchor the center.

Cotenants include Big Lots, Sovereign Bank, and Walgreens. East Haven - T.J. Maxx Shopping Center, located along Frontage Road, has spaces available from 5,200 sq.ft. to 34,000 sq.ft. Cotenants include T.J. Maxx, Sally Beauty Supply, Sleepy’s, Chili’s and HomeGoods. Hamden – Hamden Village Fair, located along Dixwell Avenue, has spaces available from 1,680 sq.ft. to 12,100 sq.ft. Cotenants include People’s United

YES!!!

Delaware

We are signing leases in California, Oregon, Pennsylvania and Washington.

For all inquiries, please contact: Grocery Outlet Inc. 2000 Fifth Street Berkeley, CA 94710 510-845-1999 Email preferred: Bill Coyle Marc Drasin mdrasin@cfgo.com bcoyle@cfgo.com

A Grocery Outlet store requires approximately 17,000 square feet of space and our experience is that other value-oriented retailers make desirable co-tenants. In Pennsylvania, we operate as “Amelia’s Grocery Outlet”.

With over half a century of success and over $1 Billion in annual sales, Grocery Outlet is a prime candidate for the right retail environment.

www.groceryoutlet.com May 25, 2012

The

Dealmakers

Stanton – First State Plaza, a 164,779 sq.ft. center located along West Newport Pike, has spaces available from 1,461 sq.ft. to 8,119 sq.ft., along with an outparcel. Cotenants include ShopRite, Cinemark Theaters, McDonald’s, and Dollar Tree. Wilmington – Pike Creek, a 232,031 sq.ft. center located along Limestone Road/Route 7, has spaces available from 2,015 sq.ft. to 6,000 sq.ft. along with a 4,200 sq.ft. pad site. Cotenants include Acme, Kmart, Rite Aid and Ruby Tuesday. Also, Shoppes of Graylyn, a 66,808 sq.ft. center located along Marsh Road, has spaces available of 1,600 sq.ft.; 2,430 sq.ft.; 2,576 sq.ft. and 4,030 sq.ft. Cotenants include Rite Aid, PNC Bank, Dunkin’ Donuts and Subway.

For details, contact David Sherin, Regency Centers, 150 Monument Road, Suite 406, Bala Cynwyd, PA 19004; 610-747-1212; Web site: www.regencycenters.com.

Florida Altamonte Springs – Uptown Altamonte, a mixed-use center, has spaces available from 1,151 sq.ft. to 4,012 sq.ft. Cotenants include

We have more than 170 stores in our operating areas.

page 86

Greenwich – A building located along Greenwich Avenue has a 2,000 sq.ft. ground floor space available. Area retail includes Sephora, Lily Pulitzer, Citizens Bank, Barcelona, J. Crew, Vineyard Vines, Tiffany & Co., Scoop, Michael Kors, Apple, Brooks Brothers and Saks Fifth Avenue.

Area demographics include a population of 139,708 within five miles earning $184,285 as the average household income. The asking rent is $50 psf NNN. For details, contact Stephen Westerberg, Colliers International, 1055 Washington Boulevard, Stamford, CT 06901; 203-9616599; Email: stephen.westerberg@colliers.com; Web site: www.colliers.com.

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

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World of Beer, Five Guys Famous Burgers and Fries and Red Brick Pizza.

For details, contact Willow Shambeck, Cursor Realty Corp., 444 West New England Avenue, Suite 116, Winter Park, FL 32789; 407-622-7772, Fax 212-298-8409; Email: willow@cursorflorida.com; Web site: www.cursorflorida.com.

Delray Beach – A center located along North Federal Highway has a 17,081 sq.ft. space available.

For details, contact Johanna Piedrahita, Fitzgerald Property Management, 1800 Eller Drive, Suite 212, Ft. Lauderdale, FL 33316; Email: johanna@fitzgeraldgroup.com.

Fort Lauderdale – Southland Shopping Center, located along State Road 84, has spaces available from 1,200 sq.ft. to 6,000 sq.ft. Anchored by Winn-Dixie, cotenants include Big Lots, Beall’s Outlet, Firestone Tires, Citi Trends, Payless ShoeSource and Dollar Tree. Area demographics within a three-mile radius show a population of 96,722. The traffic count averages 41,000 vehicles daily.

For more information, contact Jeff Kalil, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Fort Lauderdale, FL

Florida

Florida

33306; 954-568-9015, Fax 954-568-9597; Email: jeff@rotellagroup.com; Web site: www.rotellgroup.com.

For details, contact David Behar, Behar Real Estate Group, Inc., 18321 West Dixie Highway, Suite 204, Miami, FL 33174; 305-933-0614; Email: david@beharrealestategroup.com; Web site: www.beharrealestategroup.com.

Gainesville – A site located along Northwest 13th Street has a 54,635 sq.ft. space available and the asking rent is $7 psf.

Tallahassee – A site located along North Monroe Street has a 58,348 sq.ft. space available. The asking rent is $7 psf. Tampa A site located along West Kennedy Boulevard has a 4,000 sq.ft. space available. The asking rent is $11 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro, Steven Sandelman or Jeff Ross; Kin Properties, 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888-546-7767.

Homestead – Dixie Center, anchored by Winn Dixie, has space available from 1,400 sq.ft. Miami – Shoppes at Westbury, located at Southwest 137th Avenue and Southwest 96th Street, has space available from 900 sq.ft. Cotenants include Pollo Tropical and Pizza Hut. Miami – Shoppes @ 104, located at the intersection of Southwest 104th Street and Southwest 147th Avenue, has spaces available from 1,400 sq.ft. along with two outparcels. Cotenants include Winn Dixie, Navarro Pharmacy and Pinch-A-Penny.

Illinois Bartlett – A 3,000 sq.ft. space located along Main Street is available. Area retail includes CVS. Area demographics include a population of 221,973 within five miles earning $91,423 as the average household income. The average daily traffic count is 16,700 vehicles.

For details, contact Stuart Lenhoff or Barry Millman, Horizon Realty Services, Inc., 1130 Lake Cook Road, Suite 280, Buffalo Grove, IL 60089; 847-870-8585, Fax 847-870-1888; Emails: slenhoff@horizonrealtyservices.com and bmillman@horizonrealtyservices.com; Web site: www.horizonrealtyservices.com.

Chicago – University Village Marketplace, a 140,000 sq.ft. center located at the intersection of Halsted Street and Maxwell Street, has spaces available from 1,325 sq.ft. to 5,358 sq.ft. Cotenants include 7-Eleven, American Mattress, Kawaii, Lush Wine & (continued on page ninety)

Single tenant retail, office and healthcare properties nationwide.

On behalf of a client, Vanguard-Fine is searching for retail properties located in New England, Vermont, New York, New Jersey, Pennsylvania, and Florida.

Our client prefers retail properties with 2 to 5 years remaining on lease term. Grocery, Pharmacy, Auto Parts, and Banks. Please present all sites. Cash Buyer!

Please feel free to visit us at ICSC RECon: South Hall 3 Booth Number S245S Kenneth Brownell • Barry Feinman Paul Bulmer • Steven Lerner • Christopher Farrell

2050 Western Ave, Suite 201 | Guilderland, NY 12084 518-862-0861 page 88

May 25, 2012

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Dealmakers

www.dealmakers.net

Great Leasing Opportunities.

ALABAMA

NORTH CAROLINA

Fairfield, AL

Fayetteville, NC

Flintridge Centre Birmingham Market

Sycamore Square

OHIO

Canton Centre

KENTUCKY

Canton, OH

Park Plaza

Hopkinsville, KY

Northland Plaza

Columbus, OH K-Mart Plaza

Springfield, OH

MICHIGAN

Cedar Village

Holland, MI

Greenfield Commons

Southfield, MI

PENNSYLVANIA Cedarbrook Plaza

Detroit Market

Wyncote, PA

MISSOURI

INDIANA

St.Louis, MO

Evansville, IN

Philadelphia Market

Millennium Center

First Diamond Plaza Griffith Park Plaza

Griffith, IN

NEW JERSEY Botany Plaza

Clifton, NJ

Felbram Plaza North Felbram Plaza South

Indianapolis, IN

Proposed Development

Ewing, NJ

TENNESSEE

Knoxville Commons

NEW YORK

East Meadow Commons

Knoxville, TN

East Meadow, NY

WEST VIRGINIA

New York, NY

Weirton, WV

SoHo

K-Mart Plaza

With over 5 Million Square feet of retail holdings,

we have available space for all needs including: • • • •

Great SUPERMARKET Backfill & New Locations Anchor & Junior Anchor Spaces Inline Stores Pad Sites & Ready Free Standing Buildings

Contact us: leasing@nassimirealty.com acquisitions@nassimirealty.com

MI

MO

•

• • • • OH • IN •• • KY • WV • TN • AL

NY PA

• • NJ •••

NC

•

•

See Us at ICSC Las Vegas, Booth #S-240 R Street Nassimi Realty, LLC 370 Seventh Avenue Suite 1600 New York, NY 10001

T: 212.643.8080 www.nassimirealty.com T: 800.521.5208 F: 212.643.2626 E: leasing@nassimirealty.com

The Dealmakers

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Spirits, Rapid Transit Cycle Shop, Great Clips, Halsted Tan & Spa, Howlistic Pet Grooming, Verizon Wireless, Caribou Coffee, Cold Stone Creamery, Express Grill, Hashbrowns, Jamba Juice, Joy Yee Noodle, Pita Belly, and Subway. Area draws include University of Illinois Chicago. Area demographics include a trade-area population of 41,375 earning $68,067 as the average household income.

For details, contact Yolanda Valle, U.S. Equities Realty; 312-456-7107; Email: yvalle@usequities.com.

Chicago – Lakeview Plaza, located at the intersection of Ashland Avenue and Wellington, has a 10,000 sq.ft. endcap space available along with a 5,000 sq.ft. basement. Cotenants include U.S. Postal Service, Washing Well, Dollar Tree, BoRics, Foremost Liquors, Dunkin’ Donuts and Boston Market. Also, a storefront located on East Randolph Street and Wabash Avenue, across from Macy’s, offers a two-level space with 3,660 sq.ft. on the ground level and 14,400 sq.ft. on the second floor. Retailers in the area include Ann Taylor Loft, LA Fitness, Lane Bryant, Cacique, American Dog, Visionworks, City Traveler and American Mattress. Also available, in Old Town, is a storefront on West North Avenue. The

Illinois

Illinois

5,635 sq.ft. space is near Walgreens, Boston Market, McDonalds, Starbucks, Chipotle, Fleet Feet, Adobo Grill and Second City.

For details, contact Gwen Callans, Atlas Partners, LLC, 55 East Monroe Street, Suite 2910, Chicago, IL 60603; 312-516-5705; Email: gwen@atlaspartners.com; Web site: www.atlaspartners.com.

available of 11,714 sq.ft. Area demographics include a population of 902,428 within five miles earning $68,275 as the average household income. Wheeling – Lynn Plaza, located at the intersection of Route 83 and Dundee Road, has a space of 100,000 sq.ft. available.

Cotenants include H&R Block, Baskin-Robbins and RadioShack. Area demographics include a population of 280,000 within five miles earning $116,000 as the average household income. The average daily traffic count is 80,000 vehicles.

For details, contact Michael A. Kolodny, Hallmark & Johnson Property Management, LTD, 6160 North Cicero, Suite 620, Chicago, IL 60646; 773-545-6160; Email: mikek@hallmarkjohnson.com.

Chicago – Ravenswood, located along West Lawrence, has three 750 sq.ft. storefront spaces available. Asking rent is between $850 and $925 monthly.

For further information, contact David Fulton, Garrett Realty & Development, Inc., 2211 North Elston Avenue, Suite 308, Chicago, IL 60614; 773-880-1322 ext. 22; Email: dfulton@garrettrealtyinc.com.

Downers Grove – Marshalls at the Grove, a 400,000 sq.ft. center located at the intersection of 75th Street and Lemont Street, has a 43,264 sq.ft. anchor space available.

For more information, contact Thomas G. Mirandi, RD Management, LLC; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.

Lincolnwood – A center located along North Lincoln/Crawford, has spaces

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Matteson – A 66,557 sq.ft. space located along Lincoln Highway is available. Area retail includes Burlington Coat Factory, LA Fitness, and Dominick’s. Area demographics include a population of 164,245 within five miles earning $75,937 as the average household income. The average daily traffic count is 40,100 vehicles.

For details, contact Michael Havdala, HSA Commercial Real Estate, 233 South Wacker Drive, Suite 350, (continued on page ninety-two)

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A privately-owned real estate company specializing in: • Shopping Centers • Neighborhood Centers • Drug Stores • Grocery Stores

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creating value through experience

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Chicago, IL 60606; 312-458-4318; Email: mhavdala@hsacommercial.com; Web site: www.hsacommercial.com.

Peru - Located along 36th Street, a 104,992 sq.ft. space is available. The asking rent is $3.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro, Steven Sandelman or Jeff Ross; Kin Properties, 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888-546-7767.

Illinois

Indiana

or Jon Boyajian, ARCORE Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630908-5707 and 630-908-5706; Emails: arobbins@arcoregrp.com and jon@arcoregrp.com.

Area retail includes San Pedro’s, Pizza Hut, Dollar General and AutoZone.

Area demographics include a population of 133,017 within five miles earning $56,686 as the average household income. The average daily traffic count is 18,400 vehicles.

For details, contact Kevin McNamara or James Schutter, Newmark Knight Frank; 312-386-3112/3149; Emails: kmcnamara@newmarkkf.com and jschutter@newmarkkf.com; Web site: www.newmarkkf.com.

Indiana Crown Point – Market Place Shopping Center, located along Main Street, has spaces available from 970 sq.ft. to 6,859 sq.ft. Cotenants include H&R Block, JewelOsco and Centier Bank. Area demographics include a population of 65,000 within five miles earning $71,000 as the average household income. The average daily traffic count is 65,000 vehicles.

For details, contact Michael A. Kolodny, Hallmark & Johnson Property Management, LTD, 6160 North Cicero, Suite 620, Chicago, IL 60646; 773-545-6160; Email: mikek@hallmarkjohnson.com.

South Elgin – The Shops at Stony Creek, located at the intersection of Randall Road and Gyorr Avenue, has a 1.23-acre outlot available. Jewel/Osco anchors the center and cotenants include Subway, RadioShack, Hallmark and Outback Steakhouse. Area retail includes AutoZone, T.J. Maxx, Famous Footwear, Pier 1 Imports and Petco. Area demographics include a population of 127,240 within five miles earning $97,151 as Hobart – Hobart Plaza, located at the the average household income. The average intersection of Colorado Street and West daily traffic count is 50,400 vehicles.

37th Street, has space available of 28,202 Dealmakers Ad 2012 04 04:Layout 1 4/4/2012 2:45 PM Page 1 For details, contact Andy Robbins sq.ft. Cotenants include Family Dollar.

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May 25, 2012

(continued on page ninety-four)

Hill Country Galleria Bee Cave, Texas 78738 Former Hollister’s Store ••• 6,123 Square Feet Available for Immediate Occupancy ••• Whole Foods and Dillard’s Anchored Lifestyle Center ••• Great Demographics Adrian Overstreet 512-402-9135

717.854.5357 www.rockrealestate.net page 92

Indianapolis – A 2,177 sq.ft. space located along West Washington Street is available.

Area retail includes T-Mobile, Rock Bottom Brewery, Capitol Grill, Carson Pirie Scott, Jos. A. Bank, Jimmy John’s and Qdoba Mexican Grill.

For details, contact Nicholas Wright, Newbridge Commercial Real Estate, Inc., 10 South New Jersey Street, Suite 100, Indianapolis, IN 46204; 317-374-1637; Email: newright@newbridgecre.com; Web site: www.newbridgecre.com.

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Indianapolis – Pendleton Plaza, a 134,797 sq.ft. center located at the intersection Pendleton Pike and Shadeland Avenue, has space available. South Bend – South Bend Shopping Center, a 112,900 sq.ft. center located at the intersection of U.S. Highway 20 and U.S. Highway 31, has anchor space available.

For more information, contact Thomas G. Mirandi, RD Management, LLC; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.

Kokomo – Kokomo Shopping Center, a 334,000 sq.ft. center, has spaces from 900 sq.ft. to 30,000 sq.ft. available. Cotenants include Super Walmart, Big Lots and Jo-Ann Fabrics. Meijer, Target and Sam’s Club shadow-anchor the center.

For details, contact Harold S. Fry, Hauck Holdings, LTD, 4334 Glendale-Milford Road, Cincinnati, OH 45242; 513-733-3300 Ext. 203, Fax 513-733-8621.

Kansas Topeka - A center located along West 10th Street has a 6,547 sq.ft. space available. The

Kansas

Maryland

asking rent is $7.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro, Steven Sandelman or Jeff Ross; Kin Properties, 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888-546-7767.

Frederick – Westview Corner, a 25,500 sq.ft. center located along Crestwood Boulevard off Buckeytown Pike, has spaces available from 1,100 sq.ft. to 3,000 sq.ft.

Cotenants include FedEx Office, Columbia Bank, Smoothie King and Baltimore Coffee & Tea. Area demographics include a population of 90,245 within five miles earning $78,791 as the average household income. The average daily traffic count is 116,721 vehicles. Solomons – Solomons Towne Centre, a 79,042 sq.ft. center located along Truman Road, has spaces available from 1,089 sq.ft. to 6,300 sq.ft. Food Lion anchors the center and cotenants include CVS, Burger King, Rita’s Ice, and Subway. Area demographics include a population of 36,758 within five miles earning $84,183 as the average household income. The average daily traffic count is 25,149 vehicles.

For details regarding Westview Corner, contact Jeff Topchik, Bob Schwenger or Laura Mekulski, JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 400, Chevy Chase, MD 20815; 301-657-7338/7331/7346, Fax 301-657-9850; Emails: jtopchik@jbgr.com, bschwenger@jbgr.com and lmekulski@jbgr.com; Web site: www.jbgr.com.

For details regarding Solomons Towne Centre, contact Laura Mekulski or John Mitchell, 301-6577346/7336, Fax 301-657-9850; Emails: lmekulski@jbgr.com and jmitchell@jbgr.com.

Maryland Aberdeen – The Plaza at Beards Hill, a community shopping center located at the intersection of Beards Hill Road and Route 22, has spaces available of 2,000 sq.ft.; 2,500 sq.ft.; 2,900 sq.ft. and 8,650 sq.ft. Klein’s, Home Depot, Applebee’s, Dunkin’ Donuts and Bank of America anchor the center.

Area draws include Ripken Stadium. Area demographics include a population of 44,941 within five miles earning $69,119 as the average household income. The average daily traffic count is 32,331 vehicles. The asking rent ranges from $12 psf to $16 psf NNN. For details, contact Thomas L. Fidler Jr., Mackenzie Retail, 2328 West Joppa Road, Suite 200, Lutherville, MD 21093; 410-494-4860; Email: tfidler@mackenziecommercial.com; Web site: www.mackenziecommercial.com.

Hagerstown – Long Meadow Shopping Center, a 243,000 sq.ft. center located at the intersection of Potomac Avenue/Route 60 and Northern Avenue, has anchor and pad space available.

For more information, contact Thomas G. Mirandi, RD Management, LLC; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.

Massachusetts Billerica – Shops at Billerica, a 275,000 sq.ft. center located at the intersection of Boston Road/Route 3A and Town Farm Road has anchor space available.

For more information, contact Thomas G. Mirandi, RD Management, LLC; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.

Cambridge – A center located along Massachusetts Avenue has a 2,600 sq.ft. space available. Area retail includes Starbucks, Floyd’s 99 Barbershop, (continued on page one hundred) page 94

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Registration 7:30am – 6:30pm New! Marketplace Mall 12:00pm – 5:00pm Blockbuster Opening Session w/ Malcom Gladwell 1:00pm – 2:00pm Opening Reception and Entertainment 5:00pm – 6:30pm ICSC Foundation Gala w/ Dennis Miller 6:00pm – 9:30pm

monday, May 21

Registration Show Opens!

Lunch and Keynote Speakers ICSC Global Retail Runway ICSC Next Generation Reception

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tuesday, May 22

Registration Certification Breakfast and Mixer Show Opens!

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wednesday, May 23 Registration Show Opens!

7:00am – 6:00pm 8:00am – 9:00am 9:00am – 5:00pm 12:00pm – 2:00pm 8:30am – 2:00pm 9:00am – 2:00pm

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Outlots Available!

Leasing & Management

Size # of Available Center (in acres) State City Outlots 1 Outlot 1.13 Conway Commons AR Conway 20 Outlots 0.75-20.0 Prairie Center CO Brighton 9 Outlots 0.90-21.2 Firestone City Centre CO Firestone 9 Outlots 0.62-1.70 Lakeside Center CO Lakeside 4 Outlots 1.00-4.00 River Landing CO Montrose 1 Outlot 0.58 Belleville Carlyle Plaza IL 7 Outlots 1.21-3.47 Granite Park IL Granite City 7 Outlots 1.05-1.59 Davenport Commons IA Davenport 2 Outlots 0.97-13.97 Shoppes at 53rd and Elmore IA Davenport 4 Outlots 1.13-2.15 Kimberly Commons IA Davenport 4 Outlots 0.50-1.25 Westshore Plaza MI Muskegon 1 Outlot 1.92 Arnold Commons MO Arnold 1 Outlot 3.05 Chesterfield Commons 4 MO Chesterfield 2 Outlots 2.13-2.81 Chesterfield Commons 6 MO Chesterfield 2 Outlots 2.00-4.70 Chesterfield Commons 7 MO Chesterfield 4 Outlots 1.28-2.50 Grindstone Plaza MO Columbia 2 Outlots 0.78-2.20 Red Oak Plaza MO Columbia 2 Outlots 1.42-2.06 River Bend Plaza MO Hannibal 7 Outlots 1.07-2.30 High Ridge MO High Ridge 2 Outlots 0.62-1.41 Wentzville Crossroads West MO Wentzville 1 Outlot 2.50 Wentzville Crossroads North MO Wentzville 2 Outlots 1.00-2.70 Wentzville Crossroads South MO Wentzville For More Information 3 Outlots 0.86-1.09 Cicero Market NY Cicero 4 Outlots 1.01-1.54 Massillon Marketplace OH Massillon on Outlot 1 Outlot 0.60 Ohio Valley Plaza OH St. Clairsville Opportunities, 1 Outlot 3.87 Owasso Market OK Tulsa Please Contact: 2 Outlots 0.60 Chippewa Towne Center PA Beaver Falls Eddie Cherry 1 Outlot 2.91 Hazle Marketplace PA Hazleton 1 Outlot 9.00 Hempfield Plaza 314.264.9467 PA Greensburg 4 Outlots 1.74-2.64 Huntingdon Smithfield Towne Center PA echerry@thfrealty.com 1 Outlot 1.40 Southtowne Plaza PA Indiana 2 Outlots 0.96-1.26 Summit Plaza PA Somerset 1 Outlot 0.60 Union Square PA New Castle 2 Outlots 0.50-1.00 York Mall PA York 10 Outlots 1.27-4.98 Black Hills Center SD Rapid City 2 Outlots 1.10-1.12 Nitro Marketplace WV Cross Lanes 2 Outlots 0.67-0.80 The Shops at Trace Fork WV Charleston 2127 Innerbelt Business Center Drive • Suite 200 • St. Louis, MO 63114 • 314.429.0900 • 800.486.7589

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Marathon Sports, Boca Grande, Tavern on the Square, Bally Total Fitness and Citi Bank. Area draws include Harvard Law School. Area demographics include a population of 59,587 within one mile earning $74,833 as the median household income. The average daily traffic count is 20,100 vehicles.

For details, contact Adam Conviser or Jim Conviser, Conviser Property Group, Inc., 858 Washington Street, Suite 306, Dedham, MA 02026; 781-320-0600, Fax 781-791-

Massachusetts

Michigan

4955; Emails: adam@conviserpg.com and jim@conviserpg.com; Web site: www.conviserpg.com.

anchor and outlot space available. Cotenants include Big Lots and Save-A-Lot. Saginaw – Saginaw Square, a 94,891 sq.ft. center located at the intersection of Tittabawassee Road and Bay Road, has anchor space available. Cotenants include Target and Staples. Sandusky – Kmart Shopping Center, a 176,248 sq.ft. center located at the intersection of M-19 and Gates Road has anchor space available For more information, contact Thomas G. Mirandi, RD Management, LLC; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.

Michigan 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

WfC IS ACTIVELY ACqUIRINg RETAIL PROPERTIES

Plymouth - A site located along Ann Arbor Road has a 5,400 sq.ft. space available.

The asking rent is $15.50 psf. Troy - A site located along Rochester Road has a 6,000 sq.ft. space available. The asking rent is $10 psf. Woodhaven - A site located along at the intersection of West Road and Interstate 76 has a 22 acre parcel available For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro, Steven Sandelman or Jeff Ross; Kin Properties, 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 1888-KIN-PROP.

New Jersey

Westwood Financial has an immediate $100M 1031 Exchange to complete!

Anchored, Shadow-Anchored, Unanchored, REO/ Distressed, Note Sales & Short Sales all desired.

COME VISIT US AT OUR NEW BOOTH, C199L, TO DISCUSS ANY POTENTIAL OPPORTUNITIES. Joe Dykstra Executive Vice President O: 310.820.5443 C: 310.890.6699 jdykstra@westfin.com

Scott Henard Vice President, Acquisitions O: 972.284.0925 C: 972.998.7373 shenard@westfin.com

11440 San Vicente Blvd, Ste 200 | Los Angeles, CA 90049 | www.westfin.com page 100

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Dealmakers

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Livingston – Circle Plaza, a 20,000 sq.ft. specialty center, has a 3,350 sq.ft. space available. Golfsmith and Men’s Wearhouse anchor the center. Located along West Mount Pleasant Avenue, area retailers include Fortunoff’s Backyard Store, Best Buy, Michaels, Staples, CVS, Wine Legends, Toys “R” Us and Olive Garden. Within a three-mile radius, resides a population of 63,196 with an average household income of $113,814. The Village at Livingston, located at the intersection of Route 10 and Eisenhower Parkway, has a 45,000 sq.ft. former Pathmark, a 7,000 sq.ft. end cap, and an 1,800 sq.ft. inline space available. Cotenants include CVS, Olive Garden, Wine Legends, Hudson City Savings Bank, GameStop, Greets and Treats, Milano French Cleaners, Shalom Nails, Karate USA, and Zen Restaurant. Newark/Irvington – Lyons Plaza, located at the intersections of Lyons Avenue, Fabyan Place, and Route 78, has space available. Anchored by a Pathmark, cotenants include RadioShack, Carvel, RentA-Center, GameStop, H&R Block, Golden Krust, and Blimpies. Area demographics include a population of 330,422 earning an average household income of $51,079 within a three-mile radius. South Plainfield – A 1,928 sq.ft. endcap is available in center located on (continued on page one hundred two)

Stores For Lease Lynn Plaza Chicago

In the Heart of the New Downtown 100,000 sq. ft. • Rt. 83 & Dundee Road Jimenez Foods H & R Block Chicago Baskin Robbins

Chicago

Radio Shack

join

Space Available: 1,500 sq. ft.

3,000 sq. ft.

5,500 sq. ft.

80,000 Cars

Wheeling, Illinois

5 Mile Demographics: $116,000 - Average Household Income 280,000 - Population

CaLL WIth SIze RequIRementS

Market Place Shopping Center Great Location • Great Visibility • Abundant Parking • Easy Access 1166-1276 Main St. • 40 Miles Southeast of Chicago Jewel/Osco Centier Bank H&R Block

Crown Point, Indiana

join

5 Mile Demographics: $71,000 - Average Household Income 65,000 - Population

15,000 Sq .Ft. PoSSib LE

Space Available: Retail: 970 sq. ft.

1,800 sq. ft.

6,859 sq. ft. restaurant 2,344 sq. ft. office: 1,750 sq. ft.

6700 North Lincoln/Crawford 100 foot frontage on Lincoln • 26,000 Sq. Ft. building Chicago

Chicago

adjacent 24,000 sq. ft. site may be available 5 Mile Demographics: $68,275 - Average Household Income 902,428 - Population

Lincolnwood, Illinois

Space Available: 11,714 sq. ft. (may divide) 100’ of Frontage

7 Mile Demographics: $75,597 - Average Household Income 1,496,661 - Population

Hallmark & Johnson Property Management. Ltd. 6160 N. Cicero, Suite 620 • Chicago, IL 60646

(773) 545-6160 • E-Mail: mikek@hallmarkjohnson.com

* Not affiliated with Hallmark & Johnson Properties

Michael A. Kolodny, CPM

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Plainfield Avenue. The site is anchored by CVS and area retailers include Quick Check, Wells Fargo, Subway and 7-Eleven.

For further information, contact Amy Cole, Stacey Oestreich, David Liebowitz, Judy Chu Tsang or David Perlmutter, Perlmutter Properties, Inc., 4 West Red Oak Lane, Suite 105, White Plans, NY 10604; 917-860-4091, 917-797-6266, 917553-6317, 914-588-4710, 914-686-8900; Email: david@perlprop.com; Web site: www.perlmutterproperties.com.

New Jersey

New Jersey

Vineland – Vineland Marketplace, a 275,000 sq.ft. center located at the intersection of South Delsea Drive/Route 47 and College Drive, has anchor and outlot space available. Williamstown – Williamstown Shopping Center, a 85,000 sq.ft. center located at the intersection of Black Horse Pike/Route 42 and Main Street, has anchor space available.

For more information, contact Thomas G. Mirandi, RD Management, LLC; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.

Wayne – Plaza Square, a 103,891 sq.ft. center located along Hamburg Turnpike, has spaces available from 1,756 sq.ft. to 2,866 sq.ft.

Cotenants include ShopRite, Wendy’s, Hand & Stone Massage, and Bank of America.

Westmont – Haddon Commons, a 52,640 sq.ft. center located along Cuthbert Road, has spaces available from 3,000 sq.ft. to 12,000 sq.ft.

Cotenants include Acme, CVS, and 7-Eleven.

For details, contact David Sherin, Regency Centers, 150 Monument Road, Suite 406, Bala Cynwyd, PA 19004; 610-747-1212; Web site: www.regencycenters.com.

West Caldwell – A 3,527 sq.ft. freestanding building with a drive-thru situated on 1.36 acres along Bloomfield Avenue is available.

Area retail includes Stop & Shop and Essex Mall. Area demographics include a population of 165,891 within five miles earning $113,980 as the median household income.

For details, contact Jason Pierson, Pierson Commercial Real Estate, 704 Ginesi Drive, Suite 24, Morganville, NJ 07751; 732-7076902; Email: jason@piersonre.com; Web site: www.piersonre.com.

Williamstown – Williamstown Shopping Center, an 85,000 sq.ft. center located at the intersection of Black Horse Pike/Route 42 and Main Street, has anchor space available.

For more information, contact Thomas G. Mirandi, RD Management, LLC; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.

New York

You can now read the most current issue of The Dealmakers on your mobile device.

Visit our blog at http://dlmkrs.com on any mobile device and read the most current issue of The Dealmakers. Each individual issue is password-protected, so you must have the physical issue in order to read online.

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page 102

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Brooklyn – Northside Piers, located at the intersection of North 5th Street and Kent Avenue, has a 5,178 sq.ft. space available.

Cotenants include Duane Reade.

For more information, contact Thomas G. Mirandi, RD Management, LLC; 212-2656600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.

Elmont – Broadway Plaza, located on Dutch Broadway, has a 10,991 sq.ft. space available.

Cotenants include Bethpage Federal Credit Union, T-Mobile and Gino’s Pizzeria. Area retailers include CVS, Western Beef, Dollar Tree and 7-Eleven. Within a three-mile radius resides a population of 325,000 earning an average household income of $100,000. Hewlett – A 2,262 sq.ft space is available on Peninsula Boulevard near Mill Road. Area retailers include Lemon Tree, HSBC, Ace Hardware and Bagel Boss. A population of 192,000 resides within a three-mile radius and earns an average (continued on page one hundred four)

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household income of $114,800. Middletown – A freestanding restaurant is available on Dolson Avenue. The 5,760 sq.ft. building is near Shop Rite, Fashion Bug, RadioShack, Just-A-Buck, IHOP and Family Dollar. A population of 61,000 resides within a five-mile radius earning an average household income exceeding $72,000.

Spring Valley – Three storefronts of 1,500 sq.ft., 3,100 sq.ft., and 6,000 sq.ft. are available in a mixed-use building. A population of 113,714 resides within a three-mile radius and earns an average household income of $75,362.

New York

New York

For further information, contact Amy Cole, Stacey Oestreich, David Liebowitz, Judy Chu Tsang or David Perlmutter, Perlmutter Properties, Inc., 4 West Red Oak Lane, Suite 105, White Plans, NY 10604; 917-860-4091, 917-797-6266, 917553-6317, 914-588-4710, 914-686-8900; Email: david@perlprop.com; Web site: www.perlmutterproperties.com.

basement available, and featuring 75 feet of frontage. The asking rent is $75 psf. Nearby retailers include Dunkin Donuts, Sleepys, H&R Block, Subway, Union Market, Remedy Diner and Katz’s Deli.

For more information, contact Robert Frischman or Drew Weiss, JDF Realty, Inc., 345 Seventh Avenue, Suite 1802, New York, NY 10001; 212-216-9777 ext. 19/ ext. 15; Email: rfrisch@jdfrealty.com and dweiss@jdfrealty.com.

New York – The Shops at Red Square, located on East Houston Street, has a 5,200 sq.ft. ground floor space with a 750 sq.ft.

&

Locations Wanted!

7 Maryland

New York – A storefront is available on the corner of First Avenue and East 83rd Street.

The ground level space is 1,000 sq.ft. with a 758 sq.ft. basement. Nearby retailers include CVS, 7-Eleven, United Artist Theaters, Comp World, Pachute, Restaurant Primavera and The UPS Store.

For additional information, contact Jill Lovatt, Massey Knakal Realty Services, 275 Madison Avenue, New York, NY 10016; 212-660-7704; Email: jlovatt@masseyknakal.com; Web site: www.masseyknakal.com.

New York – A building located along 34th East Street between Park Avenue and Madison Avenue has a 2,950 sq.ft. ground floor space available, along with an 897 sq.ft. basement.

Area retail includes Capital One Bank, Duane Reade, Le Pain Quotidien, Dunkin’ Donuts, Starbucks and Boom Fitness. Area draws include Yeshiva University. Also, a building located along Third Avenue between East 128th and Lexington Avenue has a 7,687 sq.ft. ground floor space available along with a 20,000 sq.ft. lower level. Area retail includes Staples, Forman Hills, Rite Aid, Sleepy’s and Nine West. Also, a 900 sq.ft. groundfloor storefront at the base of a 330,000 sq.ft. office tower, located on East 41st Street, between Park Avenue and Madison Avenue, is available. The site is one block from Grand Central Station and neighboring retail includes Starbucks, T-Mobile, Chipotle and Lord & Taylor. Also, a 700 sq.ft. ground floor space located on East 53rd Street, between 2nd Avenue and 3rd Avenue is available. Area retailers include Black Fin, Little Thai Kitchen, Brick Lane Curry House, Equinox, Solera, Obao, Redemption and Qdoba.

For details regarding the 34th East Street property, contact Steven E. Baker or Sam Mann, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212792-2636/2635, Fax 212-792-2660; Emails: stevenb@winick.com and smann@winick.com; Web site: www.winick.com. For details regarding the Third Avenue property, (continued on page one hundred six)

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LEGEND PROPERTIES

INC. NC.

Legend Salutes Our Dedicated Team A Member of:

COMMERCIAL REAL ESTATE A ATE

g ust Legend Commitment Loyalty Tr Honor Recognition Dedication Legend Commitment Loyalty Trust Honor ecognition Dedication Legend Comm yalty Trust Honor Recognition H L d L lt T Maria Rita Aristone Principal 22 Years

Dennis Campbell Partner 10 Years

Alan Dinenberg Partner 16 Years

Patrick Heron Partner 12 Years

Marc Wiser Partner 9 Years

Matt Ryan Partner 8 Years

Josh Hunsberger Partner 11 Years

D’Andre Newell Sales Associate 10 Years

Dean Pappas Broker Associate 7 years

Doug Stewart Broker Associate 10 Years

Bryan Perchick Sales Associate 10 Years

Steve Paolantonio President, Legend Mgt. 14 Years

Shanna Mackin V.P., Legend Management 7 Years

Jean Bialoskorski Partner 22 Years

Ab Brown Accounting Manager 6 Years

Legend is proud to recognize our dedicated agents and staff with special recognition to those above, who have been with us over five years.

Join us at...

Booth # C 1652 16th Avenue Central Hall Spring Convention The ICSC

Nicole Dudek Operations 11 Years

Sandy Carmen Administrative Assistant 9 Years Corporate Office:

521 Plymouth Road, Suite 118 | Plymouth Meeting, PA 19462 (p) 610-941-4034 | (f) 610-941-4038 | www.LPRE.com Satellite Offices

Philadelphia, PA 215-599-0312

Whitehall, PA 610-868-6720

Mount Laurel, NJ 856-231-1010

Middlesex, NJ 732-271-2747

Affiliated with Legend Florida, LLC Deerfield Beach, FL

Legend Properties is a full service Commercial Real Estate Firm specializing in Retail Leasing • Tenant Representation • Commercial Land & Building Sales Investment Real Estate • Property Management • Development & Consulting

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contact Steven E. Baker or Alexander E. Hill; 212-792-2655; Email: ahill@winick. com. For more information regarding the space along East 41st Street, contact Josh Singer or Cosmo Montemurro, 212-7922630/2656; Emails: jsinger@winick.com and cosmo@winick.com New York – A storefront, located on Bleecker Street between Christopher Street and West 10th Street, is available. The bi-level space has 333 sq.ft. on the ground floor and a 294 sq.ft. basement. Area retailers include Pinkyotto, 7 for All Mankind, Rag & Bone, Sataya, Jo Malone, Gas Bijoux, MAC, Sunglass Hut, Comptoir des Cotonnier and Black Fleece. A storefront, located on Hudson Street between 13th Street and West 14th Street, is also available. The space offers 2,550 sq.ft. on the ground floor and a 2,500 sq.ft. basement.

Nearby retailers include L’Occitane, Denim Habit, Catherine Malandrino, Apple, Hugo Boss, Solstice, Calypso, Sephora, SoHo House, Vitra and Yoyamart.

For further information, contact Cory G. Zelnik, Jason Tuner or Anna Rhein, Zelnik

New York

New York

& Company, LLC, 424 Madison Avenue, New York, NY 10017; 212-223-2200, Fax 212-223-0004; Emails: cory@zelnikco.com, jason@zelnikco.com, and anna@zelnikco.com; Web site: www.zelnikco.com.

263-5069; Email: nforelli@muss.com; Web site: www.muss.com.

Staten Island – A divisible 7,000 sq.ft. freestanding building located at the intersection of Route 440 and Bloomingdale Road is available. Area retail includes Lowe’s Home Improvement and Pathmark. The average daily traffic count is 60,000 vehicles.

The asking rent is $45 psf with CAM of $1 psf and taxes of $1 psf.

For details, contact Darren J. Smith, JDSA Cos., LLC; 718-984-1790; Email: jdsa@aol.com.

Staten Island – Located on Bay Street, a 4,300 sq.ft. storefront is available. The space is within an office building and located across from a courthouse as well as a ferry terminal.

For additional information, contact Nicholas J. Forelli, Muss Development, LLC, 118-35 Queens Boulevard, Forest Hills, NY 11375; 718-263-3800 ext. 307, Fax 718-

North Carolina Jacksonville – Cross Pointe Center, a 196,214 sq.ft. center located on Western Boulevard, has space from 5,500 sq.ft. to 6,000 sq.ft. available. The site is near a community college, Jacksonville Mall, and U.S Marine Corps Camp LeJeune. Anchors include Marshalls, Michaels, Bam! Books-aMillion, Shoe Carnival, Pets Warehouse and Lane Bryant.

For additional Information, contact Kelly Voss, Developers Realty Corporation, 1224 Mill Street, Building D-Suite 103, East Berlin, CT 06023; 860-561-0121; Email: kelly@developers-realty.com.

Mt. Airy – Forest Oaks Shopping Center, a 126,119 sq.ft. strip center situated on 12.5 acres at the intersection of Route 601 and Route 52, has a 1,200 sq.ft. space available.

Staples, Burke’s Outlet and Tractor Supply Co. anchor the center. Cotenants (continued on page one hundred eight)

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30 28 Visit WLS Lighting in the Marketplace Mall @ RECon Booth # 423 WLSLighting.com page 106

May 25, 2012

800.633.8711 The

Dealmakers

www.dealmakers.net

WLS @ WLS Lighting.com

Carl F. Mattone, President 141-07 20th Avenue, Suite 507 Whitestone, New York 11357 Tel: 718-747-6700 • Fax: 718-747-7793 Email: cmattone@mattonegroup.com Visit our website for more information: www.mattonegroup.com

clearnorth plaza • Bayside, new york 100% Leased 8,000 Sq. Ft. • Tenants: AT&T, Subway, Vitamin Shoppe • Located on Northern Boulevard with easy access to the Clearview Expressway • Parking 3/1,000

jamaica center • jamaica, new york 100% Leased 215,806 Sq. Ft. • Tenants: National Amusements Multiplex, Bally’s Total Fitness, Old Navy, Walgreens, Carver Federal Saving Bank, Dunkin Donuts, Subway, and more • Recently Signed: Popeye’s Louisiana Chicken 2,600 Sq. Ft., K&G Fashion Superstore 15,115 Sq. Ft. • Access to Mass Transit • Parking 2/1,000

pathmark plaza • springField gardens, new york 100% Leased 97,000 Sq. Ft. • Tenants: Pathmark, Ashley Stewart, Payless Shoe Source, Petland Discount, Rainbow Shops, Radio Shack and more • Recently Signed: Municipal Credit Union 4,200 Sq. Ft. • Parking 4.5/1,000

roosevelt raceway i • westBury, new york 100% Leased 75,500 Sq. Ft. • Tenants: Loews Theatre, Chili’s, Cozeymel, Scottos Italian Restaurant • Located a short distance from Roosevelt Field Mall and one block south of Old Country Road • Parking 5/1,000

roosevelt raceway ii • westBury, new york 85% Leased 357,000 Sq. Ft. • Tenants: Home Depot, Michael’s, Applebee’s, Babies R Us, Sprint • Recently Signed: Fairway Supermarket 68,000 Sq. Ft. • Parking 5/1,000 • available 60,000 sq. Ft. will divide

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include Dollar General, Aaron’s, Little Caesar’s, H&R Block, Allstate Insurance, Jackson Hewitt, Sally Beauty Supply, Springleaf Financial and AT&T Mobility.

Area demographics include a population of 22,519 within five miles earning $37,774 as the median household income. The asking rent is $14 psf with CAM of $0.85 psf and taxes of $0.25 psf.

For details, Albert Silvera, Surrey Equities, LLC, 40 Fulton Street, 6th Floor, New York, NY 10038; 212-619-0059, Fax 212-619-

North Carolina

Pennsylvania

0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.

Allentown – Allen Street Shopping Center, a 46,420 sq.ft. center located along Allen Street, has a 192 sq.ft. pad site available.

Cotenants include Ahart’s Market, Family Dollar, Bank of America, and Little Caesars.

Doylestown – Mercer Square, a 91,400 sq.ft. center located along Old Dublin Pike, has spaces available of 1,254 sq.ft. to 2,000 sq.ft.

Cotenants include Genuardi’s, Panera Bread, and Bank of America. Kulpsville – Kulpsville Village Center, a 33,972 sq.ft. center located at the intersection of Sumneytown Pike and Forty Fort Road, has outparcels available from 0.70 acres to 1.17 acres. Cotenants include Walgreens and Wawa. Lower Nazareth Township – Lower Nazareth Commons, a 100,618 sq.ft. center located at the intersection of Nazareth Pike/State Route 248 and Corriere Road, has a 1,600 sq.ft. space available along with a 3,300 sq.ft. outparcel. Cotenants include Wegman’s, Target, Petco, The Sports Authority, PNC Bank, Chic-fil-A, Great Clips, Five Guys Famous Burgers and Fries, and Longhorn Steakhouse. Mechanicsburg – Silver Springs Square, a 453,827 sq.ft. center located along Carlisle Pike, has spaces available from 1,600 sq.ft. to 3,200 sq.ft. Cotenants include Wegman’s, Target, Ross Dress for Less, Best Buy, Bed Bath & Beyond, Petco, Panera Bread, Hair Cuttery, Wells Fargo Bank, PNC Bank, Chick-fil-A, Ulta, Lane Bryant and OfficeMax. Newtown Square – Newtown Square, a 146,959 sq.ft. center located along West Chester Pike, has spaces available from 720 sq.ft. to 5,017 sq.ft. Cotenants include Acme, Rite Aid, True Value, Hallmark, Hair Cuttery and McDonald’s. Philadelphia – City Avenue Shopping Center, a 159,095 sq.ft. center located along City Line Avenue, has spaces available from 1,200 sq.ft. to 3,327 sq.ft.

Cotenants include Ross Dress for Less, Sears Hardware, T.J. Maxx, Dollar Tree, Wendy’s, Radio Shack, Payless ShoeSource, Gamestop, Applebee’s and Auto Zone. Wayne – Gateway Shopping Center, a 214,213 sq.ft. center, has spaces available from 750 sq.ft. to 7,200 sq.ft.

Cotenants include Trader Joe’s, T.J. Maxx, Staples, Jo-Ann Fabrics, Panera Bread, dress barn, Mattress Giant, Great Clips, Famous Footwear and Outback Steakhouse.

For details regarding the Allentown, Doylestown, Lower Nazareth Township, Mechanicsburg, Newtown Square, Philadelphia or Wayne properties, contact David Sherin, Regency Centers, 150 Monument Road, Suite 406, Bala Cynwyd, PA 19004; 610-747-1212; Web site: www.regencycenters.com.

For details regarding the Kulpsville property, contact John Hricko; 610-747-1205.

Oklahoma Durant - A site located along West Main Street has a 30,196 sq.ft. space available. The asking rent is $4.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro, Steven Sandelman or Jeff Ross; Kin Properties, 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 1888-KIN-PROP.

Got space?

Find your missing tenant.

Over 6,000 retail chains are listed in the national edition Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you: • Who’s in charge of the tenant’s real estate for your market, and how to reach them • Where the chain is seeking new store locations, and its existing markets • What the retailer’s space, property type, demographic, co-tenancy and lease requirements are

www.tenantsearch.com | 1.800.732.5856 page 108

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current availabilities Elmwood Plaza 176 Newington Road, West Hartford, CT 06110

Forrest Oaks Shopping Center 2123 Rockford Street, Mt. Airy, NC 27030

available space

join

Endcap 2,522 sq.ft.

Pad Site up to 3,000 sq.ft. w/ drive-thru In-Line 6,000 sq.ft.

Inverness Regional Shopping Center 1420 Highway 41 North, Inverness, FL 34450

available space

join

In-Line 1,600 sq.ft.

2,800 sq.ft.

Summerlin Plaza 942 - 946 Rt. 376, Wappingers Falls, NY 12590 retail and office space available

available space Anchor 40,000 - 50,000 sq.ft.

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In-Line 900 sq.ft.

905 sq.ft.

1,195 sq.ft.

5,463 sq.ft.

available space retail 960-4,200 sq.ft. (divisible) incl.

2nd generation restaurant space Office 1,000-6,000 sq.ft. (divisible)

for leasing information, contact: Albert Silvera • 212.619.0059 • albert@surreyequities.com Surrey Equities, LLC • 40 Fulton Street - 6th Floor, New York, NY 10038 • www.surreyequities.com

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Carlisle – Keystone Arms Center, located along Carlisle Pike/Route 11, has spaces available up to 27,600 sq.ft. along with five pad sites. Cotenants include Meadows Frozen Custard, Dollar General and Subway. Area demographics include a population of 123,671 within 10 miles earning $80,069 as the average household income.

For details, contact Dave Nicholson or Blake Gross, LMS Commercial Real Estate, 120 North Pointe Boulevard,

Pennsylvania

Pennsylvania

Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Emails: dnicholson@lms-pma.com and bgross@lms-pma.com; Web site: www.lma-pma.com.

Jill’s Hallmark, Bei Jing Garden, H&R Block and Dunkin’ Donuts.

For details, contact Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 610645-7700, Fax 610-645-5454; Email: info@equityretailbrokers.com; Web site: www.equityretailbrokers.com.

Philadelphia – A building located along Chestnut Street has spaces available from 530 sq.ft. to 6,200 sq.ft. Area retail includes Jones & Morimoto and Union Trust. Area draws include the Convention Center. Also, a divisible first-floor space of 4,266 sq.ft., along with a 4,821 sq.ft. second-floor space and a 4,026 sq.ft. basement along Walnut Street is available. Area retail includes Apple, Jack Wills, Urban Outfitters, Free People, Alma de Cuba, BCBG Max Azria, Cole Haan, True Religion, L’Occitane and Lucky Brand Jeans. Also, The Market & Shops at Comcast Center, located on JFK Boulevard in Center City, has space available up to 556 sq.ft. Accessible to Suburban Station, cotenants include Godiva Chocolatier, Govberg Jewelers, L’Uomo, Omega Optical, Di Bruno Bros., Jake & Max’s Delicatessen, LaScala’s, Mexican Post, Mike’s Steaks, Panda Express, Percy Street BBQ, Sook Hee’s Produce, Termini Bros., Tokyo Sushi & Catering and Under the “C” Seafood.

For details regarding the space along Chestnut Street, contact Paige Barrow, Fameco Real Estate, 1425 Walnut Street, Suite 200, Philadelphia, PA 19102; 215557-0050, Fax 215-557-0053; Email: pbarrow@famecoretail.com; Web site: www.famecoretail.com.

For details regarding the space along Walnut Street, contact Steve O’Malley, Jackie Balin or Paige Barrow, 610-834-8000, Fax 215-557-0053; Emails: somalley@famecoretail.com and jbalin@famecoretail.com.

For details regarding the space along JFK Boulevard, contact Cathy Agnew or Paige Barrow, Email: cagnew@famecoretail.com.

Easton – Forks Towne Center, a 100,250 sq.ft. center located along Towne Center Boulevard, has spaces available of 1,326 sq.ft.; 2,286 sq.ft. and 2,400 sq.ft. Giant anchors the center and cotenants include PNC Bank, PL Nails, D&J Cleaners, Something Different, PA Wines & Spirits,

Reach oveR 55,000 Retail Real estate decision makeRs with just one click.

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For more information, call 1-800-732-5856 or visit www.eblast.net page 110

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Warwick – Warwick Square, an 89,680 sq.ft. center located along York Road, has spaces available from 1,200 sq.ft. to 1,800 sq.ft.

Genuardi’s anchor the center and cotenants include Sherwin Williams, Love It! Frozen Yogurt and Citizens Bank. Area retail includes Walgreens, Supercuts, PA Wine & Spirits and Hallmark. Area demographics include a population of 37,461 within three miles earning $112,886 as the average household income.

For details, contact David Sherin, Regency Centers, One Independent Drive, Suite 114, (continued on page one hundred twelve)

Right Location - Right Price Three outstanding retail locations in Omaha, Nebraska: Westwood Plaza 120 th & West Center Road

• Pad site available on a major retail corridor • 919-8,987 sq. ft. of space available • Recently renovated 510,000 sq. ft. power center • Average household income more than $81,000 within 5 miles • Anchored by Baker’s Grocery, Austad’s Golf, T.J. Maxx, Burlington Coat Factory, Dollar Tree, Office Depot and many more

Montclair on Center 132nd & West Center Road

• 1,300-43,900 sq. ft. of space available • Recently renovated 250,000 sq. ft. power center • Population more than 238,000 within 5 miles • Currently anchored by Marshall’s, The Tile Shop, Dietze Music, Walgreen’s, Hancock Fabrics and several restaurant, local and national retailers

Benson Park Plaza 72nd & Ames/Military Avenue

• 1,517-5,862 sq. ft. of space available • 42,899 sq. ft. of land for sale • North Central Omaha’s premier 400,000 sq. ft. power center • Average household income more than $60,000 • National and local tenants include The Home Depot, Goodwill, Baker’s, Hancock Fabrics and Metro Credit Union

780 North 114 th Street • Omaha, Nebraska 68154 • 402.697.8899 office • www.worldgroupllc.com

Omaha’s premier full-service commercial real estate company.

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Jacksonville, FL 32202; 610-747-1212; Web site: www.regencycenters.com.

Texas Amarillo - A site located along Southwest 45th Street has a 2.18 acre parcel available.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro, Steven Sandelman or Jeff Ross; Kin Properties, 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 1888-KIN-PROP. Dripping Springs – The Shops at Highpoint, located at the intersection of Highway 290 West and Sawyer Ranch Road/Polo Club Drive, has inline spaces and pad sites up to 13,000 sq.ft. available. Area retail includes CVS, AT&T Mobility, Great Clips, Home Depot, H.E.B., Chase Bank, Walgreens, McDonald’s, Dairy Queen, Sonic Drive-In and IBC Bank. Area demographics include a population of 43,079 within seven miles earning $102,963 as the average household income.

For details, contact Andrew Perkel, Retail

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Solutions, 1122 South Capital of Texas Highway, Suite 300, Austin, TX 78746; 512-474-5557 Ext. 413, Fax 512-474-5559; Email: andrew@retailsolutions.us; Web site: www.retailsolutions.us.

Lane has up to 15,400 sq.ft. of space available. Area retail includes Crate & Barrel, Whole Foods Market, Jerry’s, Starbucks and Hoffman Town Center, featuring AMC Theatres. Area demographics include a population of 171,529 within five miles earning $67,257 as the median household income.

For details, contact Lee Engle or Andrew Poncher, StreetSense; 240-479-7207; Emails: lengle@streetsense.com and aponcher@streetsense.com; Web site: www.streetsense.com.

San Antonio – Northview Concourse III, located on San Pedro Avenue, has spaces available from 652 sq.ft. to 11,000 sq.ft. Cotenants include Gorditas Dona Tota Restaurant, Advance America Cash Advance, Jade Palace Restaurant, Texas Eye Center and Texas Title & Loan. Asking rent is between $10 psf to $14 psf for NNN leases.

Area demographics include a population of 111,992 within a three-mile radius earning an average household income of $45,899.

For further information, contact Valerie Hunter, Henry S. Miller Commercial, 10123 Broadway, San Antonio, TX 78217; 210-8831312; Email: vhunter@henrysmiller.com; Web site: www.henrysmiller.com.

Virginia Alexandria – A center located at the intersection of Duke Street and Reineckers

Dealmakers

www.dealmakers.net

Chantilly – 50 West Plaza, a 24,676 sq.ft. center located along Airline Parkway, has a 2,270 sq.ft. space available. Cotenants include Wendy’s, Pallsano’s Pizza, King Pollo, Sun Cuts, Western Federal Credit Union, Virginia Jewelers, El Fresco, Clean Mart, Pho 98, Pan Asia Café and LA Boxing.

Area retail includes Target, Costco and Lowe’s Home Improvement. Area demographics include a population of 184,135 within five miles earning $136,305 as the average household income. The average daily traffic (continued on page one hundred fourteen)

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Area demographics include a population count is 67,000 vehicles. Also, a 5.2-acre of 257,011 within five miles earning pad site located along Chantilly Crossing $133,723 as the average household income.

Lane is available for ground lease or Fredericksburg – Central Park, a 29,890 build-to-suit.

Area retail includes sq.ft. center located along Carl D. Silver Target, Costco and Office Depot. Area Parkway, has a 2,300 sq.ft. space available. demographics include a population of Cotenants include Total Wine & More, 375,749 within 10 miles earning $133,472 Choi’s Korean Kitchen, South Vietnam as the average household income. The House, Plato’s Closet, Star Nails and AT&T average daily traffic count is 50,000 vehicles. Mobility. Area demographics include a Fairfax – A 1.3-acre pad located along Fairfax population of 108,805 within five miles Boulevard is available.

Area 3/26/12 retail includes DMM_DMK_Half Ad_May_1.0 12:20 PM earning Page 1 $81,537 as the average household 7-Eleven, CVS and Outback Steakhouse. income. The average daily traffic count is

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Virginia 26,000 vehicles. Purcellville – A center located along North 21st Street has a oneacre pad site available. Area demographics include a population of 51,112 within a 15-minute drive-time earning $186,394 as the average household income. Also, a 24,453 sq.ft. center located along East Main Street has spaces available from 1,231 sq.ft. to 8,446 sq.ft. Area demographics include a population of 73,287 within a 15-minute drive-time earning $115,774 as the average household income. The average daily traffic count is 9,600 vehicles.

For details regarding the Chantilly or Fairfax properties, contact Leonard Pick, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571765-4424; Email: lpick@renaudconsulting. net. For details regarding the Fredericksburg property, contact John Marigliano or Josh Weiner; 571-765-4423/4430; Emails: jmarigliano@renaudconsulting.net and jweiner@renaudconsulting.net. For details regarding the Purcellville property, contact Mark J. Fontaine; 571-765-4432; Email: mfontaine@renaudconsulting.net.

Manassas – Shops at County Center, located at the intersection of Hoadly Road/Route 642 and Galveston Court, has spaces available from 1,063 sq.ft. to 10,550 sq.ft. Cotenants include Moe’s Southwestern Grill, IHOP, Starbucks, Harris Teeter and Subway. Area retail includes Safeway, bloom, Giant, Target, Bed Bath & Beyond, Babies “R” Us, Walmart, Toys “R” Us, Jo-Ann Fabrics and Staples. The average daily traffic count is 52,000 vehicles.

For details, contact Chris Pamboukian or Dylan Daly, Tetra Partners, 11450 Baron Cameron, Reston, VA 20190; 703-796-1800 Ext. 105/113; Emails: chris@tetrapartners. com and dylan@tetrapartners.com; Web site: www.tetrapartners.com.

Williamsburg – New Town Shops on Main, located at the intersection of Monticello Avenue and Ironbound Road, has spaces available from 552 sq.ft. to 4,448 sq.ft., as well as a 9,000 sq.ft parcel of land.

Cotenants include Barnes & Noble, Panera Bread, Charming Charlie, Victoria’s Secret, White House|Black Market and Regal Entertainment Group. The site is located near Colonial Williamsburg, College of William & Mary and Busch Gardens.

For additional Information, contact Kelly Voss, Developers Realty Corporation, 1224 Mill Street, Building D-Suite 103, East Berlin, CT 06023; 860-561-0121; Email: kelly@developers-realty.com. DM

ADVERTISEMENT

GOOD CHOICE THE NUMBERS ARE IN Over $220,000

*

Goddard School franchisees realized more than $220,000 average EBITDA** in 2011

9.2% annual 14.4 million

children in the U.S. are in some form of childcare

3.94 million Jeff and Shauna Barison

65%

growth expected in the childcare industry

births per year

of mothers with children under age 6 are in the workplace

*Average based on 2011. As stated in Item 19 of our Franchise Disclosure Document. 155 of 358 (43.3%) of franchises in this group did as well or better than the average. Franchisor cannot predict individual earnings. **Earnings Before Interest, Taxes, Depreciation and Amortization All other material—Source: Marketdata Enterprises, Inc.

W

hen Jeff and Shauna Barison first decided and culture, but also benefit from the back-office support to start their own business, they had a few of a major corporation. We would have never ventured goals in mind. They wanted to make a out on our own to create a preschool from the ground up.” difference, have an impact in their community, utilize “The communication and their collective talents, have support has been great. The autonomy in decision making When we initially discussed opening best testament to that statement and create a legacy. Their search is the fact that we made the a Goddard School, we focused on for the right business led them ® decision to construct and open to The Goddard School . Jeff the family-friendly, lifestyle-oriented a second school last year,” adds and Shauna opened their first Shauna.

Goddard School in February 2008 and their second in November 2011. Both schools are located in Redmond, Washington.

nature of the business. Our family is

When asked to give advice to someone who is thinking of buying a franchise, Jeff in growing and maintaining our answered, “If you are serious two Schools. about making a difference Goddard Systems, Inc. (GSI), - Jeff Barison through an impactful, headquartered in King of Prussia, community-based, familyPennsylvania, franchises The oriented business, then The Goddard School should Goddard School. With 380+ Schools nationwide, be part of your decision.

Take the time to really think GSI is the fastest growing preschool franchise in the about your desired lifestyle and how best to craft United States, and was recognized as the “#1 Childcare your legacy.”

Franchise” for the eleventh consecutive year by Entrepreneur magazine (January 2012).

To learn more about developing a Goddard School, please Jeff says, “We felt a proven franchise would offer the best contact the GSI Real Estate Department at 1-877-876-3189 of both worlds—we could have our own business, identity or visit us online at www.goddardschoolfranchise.com.

very involved and supports our efforts

The Goddard Schools are operated by independent franchisees under a license agreement with Goddard Systems, Inc. Programs and ages may vary. Substantiation available upon request.

NY This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. Goddard Systems, Inc., 1016 West Ninth Avenue, King of Prussia, PA 19406 © Goddard Systems Inc. 2012

MN #F-4335

®

Most Valuable Players 10 Spot | Madrag.................................................................. Pg. 104

Developers Realty Corporation................................................ Pg. 50

7-Eleven.................................................................................. Pg. 23

Directory of Major Malls........................................................ Pg. 114

Acadia Realty Trust.................................................................. Pg. 21

DJM Realty.............................................................................. Pg. 63

AEI Capital Corporation........................................................... Pg. 88

Dots........................................................................................ Pg. 53

AmCap Properties, Inc. ........................................................... Pg. 67

Envoy Net Lease Partners, LLC................................................. Pg. 90

Ascena Retail Group, Inc. ................................................ Pgs. 60, 61

Excess Space Retail Services, Inc. ........................................... Pg. 35

AutoZone................................................................................ Pg. 26

Feil Organization, The.................................... Pgs. 9, 11, Back Cover

Basser Kaufman....................................................................... Pg. 59

Goddard Systems................................................................... Pg. 115

Bob Bassel Realties, Inc. ......................................................... Pg. 36

Grocery Outlet, Inc................................................................. Pg. 86

Breslin Realty.......................................................................... Pg. 51

Guggenheim, Inc. . ................................................................. Pg. 30

Broadwall Consulting Services................................................. Pg. 33

Gumberg Asset Management Corp.......................................... Pg. 69

Carnival Booking, Inc. .......................................................... Pg. 113

Hallmark & Johnson Property Management, Ltd.................... Pg. 101

Cedar Realty Trust................................................................... Pg. 49

Hauck Holdings, Ltd. . ............................................................ Pg. 93

Children of America................................................... Pgs. 13, 15, 17

Hill Country Galleria............................................................... Pg. 92

City of Bowie, Maryland.......................................................... Pg. 56

HSA Commercial Real Estate................................................... Pg. 42

Cole Real Estate Investments.................................................... Pg. 27

Hutensky Capital Partners........................................................ Pg. 55

Courtelis Company.................................................................. Pg. 32

Jeffery Realty, Inc. . ................................................................. Pg. 58

Creditntell............................................................................... Pg. 31

Kin Properties........................................................ Inside Back Cover

Cullinan Properties, Ltd. ......................................................... Pg. 25

Landmark Commercial Real Estate, Inc. .................................. Pg. 94

Dealmakers, The............................................ Pgs. 90, 102, 110, 116

Lane Bryant............................................................................. Pg. 39

the publication of choice for retail real estate decision makers!

www.dealmakers.net • www.dlmkrs.com page 116

May 25, 2012

The

Dealmakers

www.dealmakers.net

Most Valuable Players Learning Experience, The........................................................ Pg. 47

Sholom & Zuckerbrot Realty LLC...................................... Pgs. 70, 71

Legend Properties, Inc........................................................... Pg. 105

Silbert Realty & Management Company, Inc. .......................... Pg. 72

LMS Commercial Real Estate................................................... Pg. 91

Southern Management & Development, L.P. ........................ Pg. 103

Mall Properties, Inc..............................................................Pgs. 6, 7

Spandrel Group, LLC, The....................................................... Pg. 43

Mattone Group, The.............................................................. Pg. 107

Stoltz Management Company................................................. Pg 112

McCollom Realty, Ltd. ............................................................ Pg. 52

Surrey Equities....................................................................... Pg. 109

Mehlich Associates.................................................................. Pg. 46

Tenants By Mail....................................................................... Pg. 74

Milbrook Properties, Ltd. ........................................................ Pg. 41

TenantSearch......................................................................... Pg. 108

NAI Keystone Commercial & Industrial, LLC............................ Pg. 48

THF Realty, Inc. . .................................................................... Pg. 99

Nassimi Realty......................................................................... Pg. 89

Triyar Cannon Group.............................................................. Pg. 65

Passco Companies, LLC......................................................... Pg. 117

Urstadt Biddle Properties Inc. ................................................. Pg. 34

Plaza Properties....................................................................... Pg. 87

Vanguard-Fine LLC.................................................................. Pg. 88

Prestige Properties & Development Co., Inc. .......................... Pg. 29

Weingarten Realty................................................................... Pg. 37

Pyramid Brokerage Company.................................................. Pg. 38

Welco Realty, Inc.............................................................Pgs. 44, 45

R.J. Brunelli & Co.................................................................... Pg. 95

Westwood Financial Corp..................................................... Pg. 100

RD Management LLC.......................................................Pgs. 79–82

Winick Realty Group LLC..............................................Pgs. IFC, 3, 5

Real Estate Southeast, LLC....................................................... Pg. 57

WLS Lighting Systems............................................................ Pg. 106

Rivercrest Realty Investors................................................. Pg. 40, 85

World Group Commercial Real Estate................................... Pg. 111

ROCK Commercial Real Estate, LLC........................................ Pg. 92

Zelnik & Company LLC........................................................... Pg. 19

Royal Properties, Inc. . ............................................................ Pg. 73

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May 25, 2012

The

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www.dealmakers.net

KIN PROPERTIES OWNERS OF 800+ SINGLE TENANT PROPERTIES 30+ MILLION SQUARE FEET

CASH BUYERS OF

40+ Retail / Industrial Properties Annually

searching for: • Single tenant, free-standing, retail properties, such as free-standing supermarkets, drug stores or other retailers.

• So-called “anchor” buildings of malls or shopping centers, leased to a single anchor tenant.

• Outlots to malls or shopping centers.

visit our website to learn more about our purchase criteria

WWW.KINPROPERTIES.COM 888.KIN.PROP 888.546.7767

make an appointment to see us at RECon in Las Vegas booth S283 Q Street (south hall 2nd level) corner of Q Street and 29th Avenue 185 NW Spanish River Blvd • Suite 100 • Boca Raton • FL 33431

Retail Opportunities in NY and PA COMMACK FLYER

COMMACK SHOPPING CENTER COMMACK, NY 3,300 TO 5,160 SF AVAILABLE

COMMACK CORNERS

• 345,000 SF Commack Shopping Center provides diversity in an upscale Suffolk County marketplace • Strategically located at the hightraffic intersection of Veterans Memorial Highway, Jericho Turnpike and Commack Road

4,680 SF

5,160 SF

CREDIT UNION

ZANRA

KARATE

HIBACHI RESTAURANT

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HARMON FACE VALUES

3,300 SF

JEWELRY EXCHANGE

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BARBER MIRACLE EAR CLEANERS

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ANS M

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• Situated in one of the country’s most affluent growth areas with powerful demographics

EMORIA

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ONE & OLNEY SQUARE

YOUNG WORLD

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• High visible location one block west of Roosevelt Boulevard (US Route1), one of Philadelphia’s main arteries

SF 00 D 7,5 PA

900 SF

• One & Olney Square offers onestop shopping with a diverse range of popular retail tenants

BEAUTY

ANNA’S LINENS

TRIO DELIGHT U.S. OF A HOSIERY TOWN

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ASHLEY STEWART

2,450 SF 2,450 SF

PAYLESS SHOES

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PHMC

• 356,000 SF shopping center situated in the heart of Philadelphia’s prime retail market area

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2,750 SF

27,400 SF

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ROUTE 1

DOLLAR DEAL

PHILADELPHIA, PA 900 TO 27,400 SF AVAILABLE

US POST OFFICE

• Serves a densely populated market area with nearly 825,000 consumers within a 5-mile radius

Visit us at S249 Q Street at RECon 2012.

Owner/Manager 7 Penn Plaza, NY 10001 | feilorg.com | 212 563 6557 Randy Briskin | rbriskin@feilorg.com | x218

Nothing Beats 50 Years of Stability.