Dealmakers Magazine | May 27, 2011

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

Volume XXVI No. XX

May 27, 2011

Apparel Chains Expand Nationwide Dots, LLC trades as Dots at more than 400 locations throughout the northeastern, midwestern, southeastern and mid-Atlantic regions of the U.S., as well as in TX. The stores, offering discounted women’s apparel, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for 50 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, fiveyear options. Preferred cotenants include grocery stores, Target and Walmart. 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, jclark@dots.com and kkoenig@dots.com; Web site: www.dots.com. rue21, Inc. trades as rue21 at 650 locations nationwide throughout 44 states. The stores, offering apparel and accessories for teenagers, occupy spaces of 4,500 sq.ft. in outlet, power, strip and value centers. Growth opportunities are sought nationwide during the coming 18 months.

For more information, contact Bob Thomson, rue21, Inc., 800 Commonwealth Drive, Suite 100, Warrendale, PA 15086; 724-776-9780, Fax 724-776-3580; Web site: www.rue21.com.

South Moon Under operates 14 locations throughout DE, MD, PA and VA. The stores, offering men’s and women’s apparel, accessories, footwear, swimwear, jewelry and gift items, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations, malls, strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets, as well as Washington, DC, during the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell is required.

Preferred demographics include a population of 10,000 within one mile earning $100,000 as the average household income.

For more information, contact Frank Gunion, South Moon Under, 619 Franklin Avenue, Berlin, MD 21811; 410-641-1644, Fax 410-6413725; Web site: www.southmoonunder.com.

Magawad, Inc. trades as 4M Fashions at eight locations throughout NJ and NY. The stores, offering dress and casual apparel for men and children, occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. in malls. Growth opportunities are sought throughout Atlanta, GA and Charlotte, NC during the coming 18 months. Typical leases run five years with a five-year option. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income.

For more information, contact Mike Atallah, Magawad, Inc., 1522 Atlantic Avenue, Atlantic City, NJ 08401; 609-347-7996, Fax 609-347-1255. (continued on page fifty)

This issue contains information on:

* Retailers operating 63,957 locations with plans to open 5,467 sites * Real estate valued in excess of $134.7 million to be bought, sold & financed * Leasing activity on over 15.1 million sq.ft. of retail properties

Important News Please Expedite

Postmaster: Periodical

Featuring ICSC RECon The Global Retail Real Estate Convention Observations & Conversations

Pg. 4

Profiles The Men’s Wearhouse.................

DLC Management Corp...............

Hilco Real Estate, LLC..................

NAI Long Island...........................

Pg. 6 Pg. 8 Pg. 10 Pg. 14

State of the Industry 2011........... Pg. 12 New Construction Wolfson Verrichia Group, Inc. is preleasing a 400,000 sq.ft. project in Lower Oxford Township, PA.... Pg. 18 Openings Dollar Tree Stores, Inc. to open 300 Dollar Tree stores, 35 Deal$ locations nationwide................... Pg. 20 Food Retailers Expand Chick-fil-A seeking locations nationwide throughout 39 states.... Pg. 22 Buyers and Sellers Kamin Realty Co. looks to acquire net-leased properties and shopping centers......................................... Pg. 24 Exclusives DJM Realty retained to dispose of 200 Borders stores....................... Pg. 30 Home-Related Chains Expand Grossman’s Bargain Outlet entering the CT market................ Pg. 34 Supermarket Chains Expand Delhaize Group to open Food Lion stores throughout 11 states nationwide Pg. 38 Lease Signings The Shopping Center Group negotiated a lease with Kohl’s at a center in Huntsville, AL............... Pg. 42 In the News Sperry Van Ness International appointed Brent Miller to its corporate advisory board............. Pg. 46 Lead Sheet AutoZone, Inc. seeking sites nationwide and in Puerto Rico and Mexico............. Pg. 53 Spirit Halloween to open seasonal locations nationwide................... Pg. 56 Sources of Financing Marcus & Millichap Capital Corp. provides financing for commercial properties.................................... Pg. 58 Space Place................................. Pg. 66 ICSC RECon Floor Plan............... Pg. 70 Most Valuable Players................. Pg. 93

For more news go to: www.dealmakers.net Mobile Access Code: recon2011

Observations & Conversations It’s far from the heyday of developers dictating the deal, so if you have a B-class site or worse, then you’re going to have to grovel, genuflect and cry uncle to do a deal, because mediocre space is still easy to find.

Viva Las Vegas! This issue of The Dealmakers is being distributed at the ICSC’s RECon, where optimistic and hopeful dealmakers will descend upon “Sin City” for a few days of unruly behavior, fun and some serious money-making ideas. I expect it to be a good convention. Retailers are starting to warm up to making real deals instead of wanting to talk about vacating and rent reductions.

Let’s face it: most of the folks at the show are looking for tenants to lease space. When retailers are in expansion mode, you can feel the energy on the show floor, and when they’re closing stores; well, the conventions are pretty morose. My hunch is that this is going to be the most active convention we’ve seen in several years, and that we’re finally on the precipice of seeing retail growth again.

Retailers have sat on the sidelines long enough. Most of the national and regional chains have pruned, back-filled and right-sized during the recession; they’ve spent the down time retooling to be better merchants in a new kind of economy. There’s not much refinement left to do on a retail concept if it’s weathered the past few years and still has a credit-worthy balance sheet; now, they have to grow by store counts. However, this isn’t the climate for acquisitions of chains, and Wall Street isn’t quite ready yet for retail IPOs, so they’ll be forced to grow organically by opening new stores for the next few years – which is great if you have decent property. Today, most of the national chains will commit to a prime site and pay close to what the landlord thinks is market rent, if the location won’t cannibalize existing stores and if the landlord comes out-of-pocket for a fullblown turnkey. For anything less than that, the landlord has a choice to either sit and wait for the market to fully revive or settle for a deal that isn’t perfect. Settling isn’t necessarily a bad thing, though, if you can get out of the deal within three to five years or you have a tenant that you think will be viable for the long term and will allow you to capture more income if they hit certain volumes – either through percentage rent or as benchmarks for rent escalations down the road.

Creative thinking about how to make the deal work is do-or-die, unless you have the perfect site for a credit tenant, and they agree it’s the perfect site, too. However, I’ve never met a retailer or a good retail rep that couldn’t pick out a half-dozen flaws at any location.

The strong urban and tourist markets are demanding market rents and getting them. These are the only types of retail venues that have consistently seen rent increases or declining vacancies during the past few months. My gut says that retailers will stay in the driver’s seat during lease negotiations on suburban and rural sites for the next year or two. It’s far from the heyday of developers dictating the deal, so if you have a B-class site or worse, then you’re going to have to grovel, genuflect and cry uncle to do a deal, because mediocre space is still easy to find. Construction costs and financing continue to be obstacles; some deals won’t get made even if the tenant is willing to commit. Leasing isn’t going to be easy, even as chains start to grow again, but we’ll have more opportunities to close deals this year than we’ve had in the past few. page 4

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The second-biggest reason why those tens of thousands of dealmakers come to RECon is to either sell or buy retail real estate. The finance and operations side of our business historically represents just a sliver of the attendees, but on the acquisition and sales side, things are starting to pick up, too. Buyers are putting a lot more equity into acquisitions, and sellers are distressed more often than not, or they’ve put their bottom-rung properties on the market so they can use the cash to invest in something better. The buying and selling of retail centers will remain constipated until lenders get their acts together or a newly-angled way of financing pops up. I’ve seen how the advent of syndication revitalized our industry, and then kicked it in the teeth. In kind of the same way, pooled-securitized loans hurt our industry during this last go-around of hard times, but helped us grow and create obscene amounts of wealth before it all hit the fan. Nonetheless, there are huge stockpiles of cash sitting in funds with commitments to spend billions on retail real estate acquisitions during the coming few years, and I bet they are banking on buying at below-market value. Patience is a virtue, and eventually, the nonperforming assets have to come to market and move off the lender’s balance sheet. We’ll see who’s better at the waiting game: the banks or the investors.

RECon is a deal-driven show, and we measure its success six months down the line when we can see if any deals got closed or leads were generated. Of course, if you spend most of your time at the pool or nursing a hangover, you’ll miss an opportunity during the three days to walk the show and learn what’s going on outside of your own company and your market. If you’re an exhibitor, I’m sure you get guilt pangs when you leave your booth, and corporate likes you to book back-to-back meetings so they can justify the money it takes to fly, feed and house you, but this is a once-a-year opportunity for you to see what kind of projects other developers are doing and how other brokers are positioning their companies, and to grow your circle of contacts. Make sure you stop by our booth on the second floor of the South Hall – 283 Q Street. Of course, we’ll be serving cold lemonade with big smiles. If you don’t make it by our booth, or even to the convention, this issue of The Dealmakers will give you more leads, ideas and insight than you can handle. We’ve got some great profiles that are worth your time to read: Men’s Wearhouse discussed their expansion plans and a new concept; DLC explained their acquisition strategy; Hilco talked with us about two recentlyformed arms of their disposition business, and NAI Long Island gave us insight as to what’s happing in the brokerage side of our industry.

We’ve also published our annual State of The Industry report in this issue. The Dealmakers’ State of The Industry is probably one of the most valuable pieces of news reporting on retail real estate; there is no bias, no influence from advertisers, and our sources are free to speak their mind under the cloak of anonymity if they wish. It’s a must-read.

Here’s to making more deals, and have a great show!

www.dealmakers.net

Ann O’Neal, Publisher

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the men’s wearhouse

Profile — A monthly column featuring

Launches a new concept and continues growth chain-wide

retailers and retail real estate companies

Adam Taliercio The Men’s Wearhouse, headquartered in Houston, TX, operates more than 1,200 locations under five retail concepts, including 600 Men’s Wearhouse stores; 450 Men’s Wearhouse and Tux locations; 102 K&G Fashion Superstores; MW Cleaners, a 32-unit dry-cleaning chain operating throughout the Houston area, and Moore’s, the 115-unit Canadian version of the Men’s Wearhouse concept. The menswear stores offer apparel — particularly suits, sport coats and dress slacks — as well as a large selection of casual wear for men between the ages of 25 and 55 earning middle- to upper-level incomes, while the K&G concept also offer women’s apparel. Combined, the brands are responsible for the sale of one of every five suits purchased and one of every three tuxedos rented each year, nationwide.

The Men’s Wearhouse and Tux concept is smaller than the typical Men’s Wearhouse location, featuring a narrower selection of clothing – typically suit separates – in a smaller space of 1,000 sq.ft. to 1,500 sq.ft. compared to the 6,000 sq.ft. Men’s Wearhouse store, which also offers tuxedo rental. Tuxedo rentals at the two concepts are interchangeable, allowing a customer to rent items at a Men’s Wearhouse and return them to any Men’s Wearhouse and Tux location, and vice-versa.

Aside from the convenience of its locations, product mix and variety of merchandise, Men’s Wearhouse stands apart in its field because of its focus on customer service, said Tom Jennings, senior vice president of real estate for the company. “Realizing that we serve a customer that generally doesn’t like to shop, and often isn’t sure what garments he should add to his wardrobe, we provide individual counseling to make his experience with us as enjoyable as possible.”

This counseling typically entails assisting the customer in finding the cut that’s most flattering to their body type, helping them match shirts and ties to go with their purchase, and determining what colors go well together when selecting pants or slacks with sport coats. Also, he added, the store will follow up on the purchase after two weeks to make sure the customer is satisfied, and can also maintain a database of the customer’s wardrobe and let them know when new items come into the store that meet their needs.

Going above and beyond for the consumer is the key to Men’s Wearhouse remaining competitive in challenging times – and in a sector of the apparel industry that has been hit harder by the recession than others, Jennings said. “Generally in a recessionary period, and also coming out of a recessionary period, the last person in the family to buy new clothing is the husband,” he explained. “While the recession has been hard on retailers, it’s been particularly hard on apparel retailers.” Staying afloat in such conditions takes a strong balance sheet and a willingness to consistently examine and retool your business, he added, with an increased focus on earning and maintaining customer loyalty.

In recent years, the company has revamped its marketing approach by having regular sales, typically of the buy-one-get-one or buy-one-getone-half-off variety, on sport coats, slacks and suits along with shirts, ties and accessories. “For the first time in our company’s history, we became very promotionally-oriented in terms of our marketing,” Jennings said. “Whereas historically we have had one sale a year in January, we’re now promoting sales on an almost monthly basis.”

The recession has caused the supply side of site selection to turn in the chain’s favor as retailers close stores and rents have declined page 6

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significantly compared to prior to the downturn, Jennings said. The company has also done an increased number of deals on second- and third-generation spaces than it had before 2008, but Jennings said that he expects prime existing space to begin to disappear and that rents will likely increase over the rest of the year. Still, he added, the company reported strong results during 2010 and expects even better numbers for 2011. “A positive shift has occurred in retail leasing, and many more retailers are back in the market looking to expand,” he said.

Recent openings for the company have included Men’s Wearhouse locations in Durham, NC and Billings, MT during March, and a store along Miracle Mile in Coral Gables, FL that opened in the middle of last month. The company plans to open between 20 and 25 Men’s Wearhouse stores nationwide this year, up from the nine opened during 2010. Openings are also planned for the K&G and Men’s Wearhouse and Tux concepts, but on a more selective basis.

For the Men’s Wearhouse concept, the company prefers spaces of 6,000 sq.ft. with high visibility in freestanding locations, lifestyle and power centers and regional malls, but will also consider spaces of 3,500 sq.ft. to 4,500 sq.ft. in smaller markets. Visibility and ease of access are of vital importance to the ideal location, Jennings said, though cotenancy is also a concern. Preferred cotenants for the retailer include other fashion and apparel stores, bookstores, electronics and sporting goods retailers and department stores. “While fashion department stores do compete with us to some extent, we like the synergy they create and the traffic they draw,” Jennings said.

The company also plans to A Men’s Wearhouse location opened during June 2010 at open three University Park Mall, Mishawaka, IN test stores in a new concept, Men’s Wearhouse Big & Tall, this year. The stores are slightly larger than traditional Men’s Wearhouse locations at 6,000 sq.ft. to 8,000 sq.ft., but have otherwise similar site criteria. The company will also remodel 100 existing Men’s Wearhouse stores to coincide with the company’s new prototype floor plan, which includes new fixtures, lighting and interior finishes in order to create a warmer, softer feeling. Future plans also include the continued addition of merchandise appealing to a younger demographic – an approach the company has been taking for the past several years – such as a larger selection of casual clothes and more contemporary urban wear. The company also expects to open stores across several of their concepts in urban environments this year, including K&G Fashion Superstore locations, which require spaces of 20,000 sq.ft.

For more information, contact Tom Jennings, The Men’s Wearhouse, 40650 Encyclopedia Circle, Fremont, CA 94538; 510-6579821 or 800-777-8580; Email: tljennings@tmw.com; Web site: D www.themenswearhouse.com. M

www.dealmakers.net

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DLC Management corp.

Profile — A monthly column featuring retailers and retail real estate companies

Acquisition focused on infill assets

Adam Taliercio DLC Management Corp. is a privately-held real estate firm specializing in the acquisition, development/redevelopment, leasing and management of grocery-anchored neighborhood and community shopping centers. The company, based in Tarrytown, NY, maintains a portfolio of 124 open-air shopping centers nationwide throughout 33 states, primarily throughout the northeastern, southeastern, midwestern and mid-Atlantic regions.

While not a buyer of core real estate, DLC acquires well-located infill assets with value-added potential in areas with solid, stable demand drivers. The company hasn’t done many acquisition deals in the past few years (though DLC has capital on hand for that purpose) according to president and CEO Adam Ifshin, who cited a lack of product on the market until the third quarter of last year and a general lack of enticing opportunities. This year, however, the company is actively looking Adam Ifshin for distressed assets with value-add President and CEO opportunities in them. “We’re looking for deals that are broken, where we can bring our expertise to the table and fix them,” he said. “I think we’re just now starting to see the product come to market, and we’ll see very robust transactional volumes in 2011 and 2012.”

The company typically does not do ground-up development, but prefers smaller, infill build-to-suit projects along with large-scale redevelopments, with an eye toward fixing an underperforming or obsolete project. DLC is currently working on the demalling and redevelopment of Frederick Town Mall, a 500,000 sq.ft. mall located along the Golden Mile in Frederick, MD, and the redevelopment of a project in Elgin, IL anchored by Walgreens. The company also recently acquired and broke ground on two parcels in Ossining and Thornwood, NY, both of which are build-to-suits for Walgreens.

Ifshin said that DLC has observed a gradual uptick in its occupancy rates following a dip in 2009, with variations from market to market in terms of the degree of improvement. (For example, certain areas in the Sun Belt and Rust Belt have recovered slowly, whereas the MidAtlantic, Northeast and recently the Southeast have been showing more growth.) “It takes incredible effort,” Ifshin said of building and maintaining occupancy in hard economic times. “It takes incredible innovation and great people skills. You need to see and analyze early warning signs if you think you have tenants in trouble, so you can move to replace them quickly. And you need great relationships with retailers who want to do business with you, and know you can deliver.”

DLC has established such relationships, Ifshin added, by being willing to work with clients to understand their business and craft a win-win deal, and by consistently having capital and the ability to put it toward the right deals for the right tenants. DLC also maintains an in-house construction department with a known track record of ontime, high-quality delivery, he added. “Our entire business is geared up to add value for our tenants. We’ve lowered CAM costs in our portfolio 9.4% over the past two years; we’ve lowered operating costs for our tenants, and our third-party business, wherein we represent page 8

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other landlords, has helped lower costs as well as make space more competitive for prospective tenants.”

When considering tenants for its own centers, DLC focuses on a retailer’s overall business: Not only their current health ratio and rent considerations, Ifshin said, but how well the potential tenant can be expected to weather hypothetical trouble in the future. This approach is partially the product of a recession that has proven different and more severe than other economic downturns with the past several decades. There have been fewer chain bankruptcies than one might’ve expected, Ifshin said, but the situation has proven far more damaging to retail landlords than previous downturns due to a larger number of liquidations. “In earlier recessions, big box chains would go into bankruptcy, they’d restructure, and there’d be some pain,” he said, “but you didn’t see outright liquidations as frequently.

It was very different than prior recessions, and for both retailers and landlords, there’s nothing harder to do in business than deal with a situation that has no road map.”

Certain areas of retail have also taken a substantial hit in recent years because of new technology that has rendered their business model less viable: video stores, for example, were dramatically affected by the introduction of Netflix, while e-readers such as Amazon’s Kindle have drawn customers away from brick-and-mortar book stores.

“Regardless of the business you’re in, if you’re not considering the implications of the rate of change, of innovation to technology in your business, that’s pretty scary,” Ifshin said. “In a world where people are paying with their smartphone, how necessary is it for a customer to go into your store?” He added that the company regularly does deals with retailers such as Walgreens and Walmart, which provide essentials that consistently draw customers to stores. “They remain unbelievably efficient delivery systems of things that average Americans need every day,” Ifshin said.

A company’s willingness to embrace technology is a vital part of its success, and DLC is no exception. The company has established an active social media campaign on Facebook, Twitter, LinkedIn and other sites, both as a corporate entity and, recently, on behalf of one of its shopping centers, capitalizing on the enormously popular medium and communicating in a whole new way with people both within and outside of the retail real estate industry.

Daniel Taub The company’s involvement with social Chief Operating Officer media began in August of 2009, when the ICSC reached out to the company about launching a Twitter account prior to that year’s RECon show, but chief operating officer Daniel Taub also sited his own ongoing interest in technology as a catalyst. “I’ve always been a fan and believer of technology as a tool, something that can be very beneficial personally and professionally in the workplace,” he said. Taub got started in social media by seeking out companies he already knew and liked, as well as brands and products he used personally, to see how they were making use of the new medium. “People are willingly engaging in it and signing up, and the numbers continue to just grow at a faster and

www.dealmakers.net

(continued on page fifty-two)

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hilco real estate, llc

Profile — A monthly column featuring

More than just dispositions; new arms of the firm focus on asset resolutions and retail solutions

retailers and retail real estate companies

Adam Taliercio Hilco Real Estate, LLC, (“HRE”), based in Northbrook, IL, provides property disposition, lease termination and renegotiation, acquisitions (including sale/leaseback transactions), appraisals, debt advisory services, asset and property management and retail portfolio advisory services. The company works nationally with clients, both healthy and distressed, to maximize asset value, reduce operating costs and execute strategic initiatives.

HRE president Gregory Apter explained that Hilco sets itself apart from competitors not only through the breadth of services it offers, but also its strategic focus and the deep due diligence it provides for each of its clients. “Similar to a consultant, we’re business-savvy, not just experts at real estate,” he said. “We understand our clients’ business and strategic plans, and how a restructuring or repositioning initiative can be optimized through well-conceived real estate decisions.” Hilco works not only directly with clients, but with financial advisors, attorneys and investment bankers, along with lenders and unsecured creditors. “We conduct ourselves so that each party in a transaction can be confident their best interests are being represented,” Apter said.

Every client’s situation is, of course, different and, as such, impacts the way Hilco approaches and executes a plan of action. A healthy disposition client, for example, is less likely to have a set timetable for selling its properties, while a bankrupt client may have a specific deadline by which its properties need to be sold. Disposing of leased property in bankruptcy is relatively straightforward, Apter said, but outside of bankruptcy, there are numerous variables that affect disposition, including a tenant’s health, the message a client is comfortable delivering to a landlord, current contract rent versus market rent, the overall quality and condition of the site and the way in which the company interacts with its landlord. “There is no cookiecutter solution for maximizing value or mitigating a client’s liabilities,” Apter said. “The process and approach are completely dependent on individual facts and circumstances surrounding that client. It’s more than science and analytics that get deals completed; in many respects it’s the art of the deal that distinguishes HRE’s effectiveness from anyone else in the marketplace.”

Within the past 12 months, HRE has launched two platforms, Hilco Real Estate Managed Asset Resolutions (“HREMAR”) and Hilco Real Estate Retail Solutions (“HRERS”). HREMAR is a value-add asset management group providing debt, asset and property management services for lenders and others that work with problem real estate loans. The group helps to determine the value and potential of a given asset, advises the client as to whether it should restructure or foreclose, assists in the management of the asset in order to maximize value, and also aids with disposition when needed. Apter said that the venture is already performing very well, and attributes the formation of the service to the economic conditions caused by the recession.

HRERS works with retailers to develop and execute new, highlycustomized strategic plans that optimize a retailer’s store positioning, sizing, occupancy costs and capital expenditure levels, thereby maximizing brand productivity and profitability. Services are divided into three principal categories: benchmarking and analytical work, which provides analysis and grounding in the retailer’s performance and occupancy costs; real estate strategy and transaction targeting, which aligns senior management and its real estate team with the exact number, size, locations, targeted occupancy costs and capital page 10

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expenditure levels of its stores, and transactional work, which executes the targeted transaction plans.

Hilco also has two sister companies – Hilco Merchant Resources and SD Retail Consulting – that it regularly partners with in connection with retail projects, depending on the circumstances of an individual deal. For example, when working with a retailer who plans to shut down existing locations, the company frequently teams with Hilco Merchant Resources, which will assist in disposing of inventory, furniture fixtures and equipment while HRE focuses on the disposition of the property itself. When representing a client looking to expand its retail footprint, the company often partners with SD Retail Consulting, which handles logistics and planning for the expansion with an eye toward efficiency and cost containment.

Many of HRE’s client relationships are confidential, Apter said, but in the past quarter alone the company has handled deals for grocery stores, restaurants, health clubs and other retailers in a wide range of sectors.

Notable recent clients have included A&P, Charlie Brown’s Steakhouse, Claim Jumper Restaurants and Zodiac Pool and Supply. Many of the retailers the company works with – roughly 40%, Apter estimated – are healthy clients looking to make their existing stores more productive, to trim underperforming stores or to reduce operating costs. “If you’re paying $999 a month instead of $1000 for a lease, that dollar goes directly to the bottom line for the company,” Apter said. “Even if you’re the healthiest of healthy companies, having HRE on the team to make sure lease rates are minimized pays important dividends.”

Having worked with retailers in nearly all the major categories, Apter said he has observed many of them improving their businesses and strengthening their balance sheets in the face of the recession – and that HRE has been actively assisting it retail clients in achieving these reforms. For example, in addition to improved inventory management, retailers have become more aggressive about closing underperforming stores and addressing cost issues before they affect profitability, he said.

Healthier retailers are, in turn, in a better position for lease renegotiations, should the need arise. “There are new and different challenges to lease renegotiations now as opposed to prior to the recession,” Apter said.

“But if there’s one overreaching theme, it’s that renegotiation can’t be done without leverage. Facts and circumstances, not emotion, must support renegotiation efforts. We always approach a renegotiation assignment by asking, ‘If I were the landlord, why would I cooperate with this request?’ We then set out to answer that question. That’s the basis on which we get deals done most effectively.”

One of the most significant recession-based changes Hilco has observed in recent years is that landlords are now much more careful when renegotiating leases and making concessions for tenants. “Two or three years ago, you had countless tenants calling landlords to seek assistance, and in many cases landlords were just granting concessions because they felt they needed to cooperate,” Apter said. “That got overwhelming for landlords, because everybody was just calling up looking for help.

The past three-plus years have been educational for landlords, lenders, buyers, sellers and others in the real estate marketplace; it’s essential to have a clear understanding of the circumstances that affect an asset or liability. More often than not, when a landlord understands that a tenant

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STATE OF T Welcome to The Dealmakers’ annual state of the industry report. Each year, we poll retail real estate industry professionals and ask them to share their experiences over the past 12 months. Their opinions as to the direction the industry is headed are candid and objective.

Last year, reports generally indicated that retail real estate was still reeling from the effects of the recession, but that signs of a slow, gradual recovery were finally starting to appear. This year’s results indicate that the industry continues to struggle, but there is more of a sense of optimism than there had been in the past.

The Dealmakers received responses from experts covering all areas of commercial real estate, including development, leasing, acquisitions, brokerage, disposition, property management and financing. These sources provided a national overview of retail real estate, and judging from their responses, the impact of the recession continues to vary widely throughout the country. Some areas are reporting strong, tangible recovery, while several others are concerned that the worst is still yet to come. One source, with a focus on the New York, NY metropolitan area, said that this market has “exploded” recently, and retailers are engaging in bidding wars for prime spaces. More typical responses from other areas of the U.S. indicated modest improvements. A responder from Florida said that the situation has been very challenging in the state, as rents have dropped between 20 and 25%; however, he noted that the interest level has improved over 2010, though only because of drastically reduced rents.

According to one source operating in the southwestern region of the U.S., certain aspects of that market hit bottom last summer, particularly raw land and asking rents for big box locations; however, the region is now beginning to rebound. “From an investment perspective, the pent-up demand of investment dollars and low interest rates has caused a significant improvement in valuation,” the source said. “The market never really flushed out the bad debt, and now there is pent-up demand in both leasing and investment. This is going to yield better results for the lenders that have been able to wait for the market to return.” He added, however, that there has been little activity for small shop spaces. “You will see significant gains in big box leasing momentum through 2011 and 2012, with smaller space improving with them – but only for the stronger tenants.

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mom-and-pop small shops will return, and rents will increase.”

In some cases, different experiences were reported within the same state. While one source based in Houston, TX said that signs of recovery have yet to appear, another operating in southern Texas indicated slow but steady improvement. “Most of the deals that have happened in the last two years are those that were already in the pipeline two or three years ago,” said the southern Texas source. He added that he didn’t believe the nation as a whole had seen the worst of the recession, but that his particular region has been faring well, in part due to Mexican entrepreneurs opening businesses along the border.

throughout the eastern region of the U.S. said that he expects another two years to pass before we’ve seen the worst of the downturn.

A responder specializing in northern and southern NJ and the Philadelphia, PA area said that their company had done well over the past year because of its focus on neighborhood shopping centers with recession-proof tenants such as supermarkets, dry cleaners and restaurants. “For big box retailers, I think the bottom has not yet been hit, but it’s at the bottom for mom-and-pop tenants, and things seem to be improving based on inquiries and deal activity.” He added that the company primarily does deals with local retailers, and that leasing has been robust for the past 15 months, averaging one closed deal per month.

Offering a midwestern Along the perspective, John Schuff, West Coast, It’s just going to take time for retail and investment there are signs specialist for NAI DESCO, of recovery in certain markets to catch up to undo based in the St. Louis, MO some areas, metropolitan area, said that while others what has been done. the market has hit bottom continue in that area, but has made to struggle. little progress from there. “Some pockets of “Just as in many other parts of the country, St. Louis have remained virtually unaffected we’re starting to see a slight thaw in leasing by the recession, retaining their anchors and activity,” said Al Williams, principal at mid-box tenants. Mid-St. Louis County and Excess Space Retail Services, Inc. “Your West St. Louis County are two such areas. larger, national chains and regional players Both are high-income, and have seen the are becoming more pro-active and looking majority of new development in recent years. at real estate opportunities available to them.

However, while new development centers And there are some unique opportunities; have done well, neighboring Class B or C real estate has come back to the market shopping centers have seen as much as a $10 with the recent Borders and Blockbuster drop in per-square-foot rent.”

Video bankruptcies.” However, he added, people are having different experiences The East Coast remains attractive to retailers, in different parts of California and according to many responders. Phillip Perri, throughout the rest of the western region. president of Commercial Retail Associates, “The beach community never even saw which offers brokerage services throughout the precipitous drop in rental rates or huge Long Island, New York and Westchester, increases in vacancy rates,” he said, “but NY, said that retailers continue to expand there’s other pockets of California and the in the New York, NY metro area. “Although West Coast, like the Inland Empire, that are the market adjustment hit landlords very nowhere near recovery. In a lot of ways, it’s hard, with some rental rates dropping by as directly tied to where the subprime lending much as 30% from the super-heated market crisis took place. There’s so many vacant a few years ago, retailers did not abandon houses around some of these shopping the desire to expand in the area totally,” he centers, it could be another half a decade said. “Instead, the value players realized the until you see a full recovery, or maybe more. opportunity to expand or enter this premium It’s just going to take time for certain markets marketplace at favorable economic terms, to catch back up to undo what has been done. the likes of which haven’t been seen for over But the good news is that I think recovery is a decade.” Perri added that the company now in effect.” has noticed an uptick in activity among retailers across the board – which, he hopes, A consensus of leasing specialists indicated indicates that the industry is on the upswing that national retailers are driving the leasing again. Meanwhile, another source operating momentum as mom-and-pop tenants

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Adam Taliercio

continue to have difficulty obtaining financing. One source, however, did say that they had experienced an uptick in momand-pop retailer activity within the past eight to 12 months in their neighborhood shopping centers, and several others reported that local retailers in their area have been going strong. Discount retailers such as Family Dollar, Dollar General and Dollar Tree continue to do particularly well. Franchise, fast-casual and quickservice restaurants, such as Chick-fil-A and McDonald’s, have also been holding up well by many accounts, along with medical and dental concepts. One source reported closing 26 lease transactions since January with tenants including Metro PCS, Fresh & Easy and Chipotle. “It appears retailers are staring to get back to some light expansion, and we can see this by what appears to be a 20% uptick in activity year over year,” said Al Williams at Excess Space.

“We are seeing the most deals from recession-proof retailers such as dollar stores and thrift stores,” said John Schuff at NAI DESCO. “Stores with lower price points and do-it-yourself stores are also seeing steady activity, including Big Lots, Ross Dress for Less, Advance Auto & O’Reilly’s Auto Parts. Existing franchisees are also active as they seek improved positioning in newly vacated space, driven by lower rents in better locations.” Local retailers, on the other hand, are seeking to relocate within existing markets in an attempt to find sites with lower rent, he said. Schuff also reported that leasing activity has been strong within the company’s Class A projects, but that less well-positioned centers remain slow to fill.

Most responders reported slow leasing activity over the past year, though many indicated that there has been a gradual improvement over previous years. “Depending on the location, it has been our bread and butter for the last year,” said one source. Another said that their leasing business has been increasing monthly, and that they’ve observed a direct correlation between an uptick of leasing activity and the health of the stock market.

Still another described activity as “slow, and mentally exhausting.”

Many companies observed that it has been taking longer to close deals, with estimates of that time increase ranging from a slight but noticeable change to twice as long or more. One responder said that his company had been working on a particular deal for

a single freestanding building with Verizon Wireless since 2007, but that all deals, both with local and national retailers, are taking longer. However, as vacancies decrease and tenant competition rises for vacant spaces, lease transaction times will most likely speed up, said one source. “We are closing quickly,” said another. “However, pursuit of the deals has taken years. Lenders were not ready to face the new market value based on decreased rent and high costs to retenant.”

sellers are still asking for prices that are too high for current market rents.

Another said that they had completed five deals within the past year, but that typically they do from eight to 12 deals within that time frame. “Things seem to be picking up somewhat,” said one reponsder. “I recently got an offer accepted on a Walgreens in the NY area for a little under 7% Cap. It still seems, on the whole, that buyers are seeking distressed properties.” Cap rates ranging from 7% to 12% were the norm during 2010, based on survey results.

Almost all responders said that they have not developed any ground-up projects within the past year – and, in some cases, developments were attempted and then dropped due to an inability to secure financing or the loss of an anchor tenant. Nearly universally, the major obstacle in the face of Joseph Cosenza, vice development chairman and partner of People shopping for what they could has been Inland Real Estate Group, f i n d i n g Inc., said, “I believe you have, but probably can’t afford, has tenants, with focus on the properties first not really come back yet. obtaining to tell if you’re comfortable funding a with the tenancy, the retail close second. stream, terms of leases, Some sources also reported tenants backing rent per square foot, etc., and then you out or delaying their openings, causing ask yourself if this is a market you want to problems for pending developments. be in, a market that will allow the property Construction financing proved difficult to you are purchasing to have a better future.” obtain – though not necessarily as much as Inland owns 1,300 retail properties in it had been in previous years – but ultimately addition to 91 office, 84 industrial properties the experience depended on the lender you and multifamily and hospitality properties, dealt with. “If you have a good project, a nationwide throughout 47 states. The strong stomach, and are willing to guarantee, company acquired 195 properties valued financing is out there,” said William L. at $3.6 billion over the last two years. “The Klein, CEO of Kay Realty Services, LLC. Cap rates in January of 2009 for very good With regard to the future, however, most properties were between 9% and 10%,” he respondents said they had no construction said. “By January of 2011, the Cap rates had projects breaking ground within the next dropped to about 7.5% to 8%. The Cap rates year or two. Developers that do expect to are going down; the prices are going up, launch new projects are typically building but I’m not sure that the basics underlying smaller, less-complex centers with 100% those properties have bottomed out. People leasing commitments. have lost about 15% of their wealth, and 93% of people say they have changed their spending habits. That is pretty obvious: Just look at all the Dollar General Stores being If you have a good project, a built, and how good the new Goodwill stores look. People shopping for what they could strong stomach, and are willing to have, but probably can’t afford, has not really guarantee, financing is out there. come back yet.”

A large percentage of our survey responders are actively acquiring and selling properties, though more were acquiring than were disposing. One source reported that his company is looking to acquire groceryanchored shopping centers, but finds that www.dealmakers.net

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Several firms that offer disposition services reported an uptick in that aspect of their business within the past year. “We have seen increased disposition activity, particularly from small portfolio owners who seek to dispose of standalone buildings or small

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nai long island

Profile — A monthly column featuring retailers and retail real estate companies

Adds life to troubled properties

Adam Taliercio NAI Long Island, based in Melville, NY, is a full-service commercial real estate firm offering retail, office and industrial brokerage services; tenant, buyer and owner representation; investment sales; property management; valuations and corporate services. Founded in 1980, the company has been an affiliate of NAI Global, which maintains more than 350 offices worldwide, for 15 years, and is in the unique and beneficial position of maintaining a regional focus with a global perspective on retail, and is also well-equipped to assist a client who is looking for assistance outside of NAI Long Island’s typical area of operation. “I can bring a tenant to virtually every state in the union, and have a representative there,” said principal Al Centrella. The company interacts with other NAI Global firms on a regular basis, issuing quarterly reports and also holding monthly conference calls with others in the northeastern region.

The wide variety of services the company offers on its own, coupled with the additional resources and connections provided by their NAI affiliation, allows them to assist a potential client with any and all real estate needs. “We cover the gamut,” Centrella said. “When a client comes to our office, there is a person or group of people they can sit down and talk to, no matter what their needs are, and I think that distinguishes us.” NAI Long Island regularly operates outside of New York, either by providing referrals and information for the area a client is interested in, or by working with that area’s NAI affiliate in order to craft a specific deal. “It depends on how deeply you want to be involved,” Centrella said. “If you’re working with somebody here in the New York metro area, and they tell you they’re expanding in Los Angeles, or Kansas City, or Dallas, we can help in those markets because we have NAI offices everywhere. If the tenant has a specific criteria, and we know the formula, we can get into the negotiation and formulate the LOI from here, then hand it over to the affiliate, so we coordinate the effort together.” The company handled 10 such deals last year, but Centrella added that they receive referrals as well as provide them – for example, a recent lead on a building on Long Island had been provided by an NAI affiliate in Florida.

In particular, NAI Long Island has a reputation for adding life to troubled properties: In 2010, the company sold Huntington Square Mall, a shopping center the firm had been working on for seven years and a project that Centrella referred to as one of their greatest successes. Initially, the site was a mini-mall that the company took out of foreclosure on behalf of a client and then demalled. The center was converted into an open-air shopping destination, and over the years the company added national credit tenants including Barnes & Noble, Chili’s, dressbarn, Dots, Lane Bryant, GNC, Chase Bank and Verizon, and also negotiated a cross-easement with the adjacent property, anchored by Best Buy and Stop & Shop, which enhanced the cross-shopping and access for both projects. Recently, NAI Long Island handled a 62,000 sq.ft. deal for ShopRite in Uniondale, and also negotiated leases with DSW for 26,000 sq.ft. and with Retro Fitness for 18,000 sq.ft. in Dix Hills. The company is also in the process of converting a former car dealership situated on 3.5 acres in Syosset, NY into a retail project.

The company has also increased its focus on exclusive representation, in an effort to maintain a closer relationship with the owners and managers of the properties they handle. Exclusivity allows the company a greater degree of control over the development and progression of a property. For example, NAI Long Island is currently page 14

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handling a 183,000 sq.ft. office building in Melville, Long Island, with the exclusive right to rent, manage and dispose of the property as well as handle construction management. “We don’t just take listings,” Centrella said. “We take on the role of almost owning the property ourselves. When you control the property from that point of view, it speaks to the tenant out there who’s looking for space. You’re able to talk with knowledge and authority; you know where the deals can be made. That control makes it a lot easier to complete deals.”

Ensuring a successful center requires active communication and diligence with property managers, landlords and retailers on the part of the company. “You have to work with your existing tenants, and you have to listen to them about what they’re going through in their market,” Centrella said. When a site NAI Long Island handles has a pending vacancy, for example, the company will approach existing tenants to determine what retailer they’d like to see fill that vacancy, helping to create an effective mix of tenants that caters to the shopper and also bolsters the business of each retailer on the site.

Landlords have had a tougher time in recent years, Centrella said, particularly as banks have become more careful with their financing, and this translates to a weaker position when it comes time to negotiate with a tenant. “Landlords have debt service, taxes and common area maintenance to pay, and banks are on their cases. A loss of a tenant is a big problem for them. That’s why they come to us; we’re more geared to that aspect. There’s more than just making the deal, it’s about servicing that landlord.” Still, he added, a shopping center with a prime location, strong tenant mix and all the traditionally attractive elements that make for a strong property will always have the upper hand in a negotiation.

The company’s focus on exclusivity has been the result of a need to refine business strategy in the wake of the recession, Centrella said. The Long Island market has stabilized after taking a small but noticeable dip, he said, but there are still some problematic areas, particularly following the recent A&P bankruptcy filing, which has resulted in a number of vacant anchor spaces in smaller shopping centers. Larger centers have continued to fare well, however, and in general, the Long Island area has not been as affected by the recession as other parts of the country. “The three or four major malls [in the area] are all at around 95% occupancy, and they seem to be thriving,” he said, citing a high degree of wealth in the area as a reason why the region has felt less of an impact.

“You still can’t get into any popular restaurant Friday through Sunday. Has it hit? Yes. But we still have a big disposable income here, and people are still spending it.” As for the future, there has been an increase of activity among retailers looking to open more stores, a welcome sign after retailers put expansion on hold between 2008 and 2010. However, because of the time it typically takes to get a deal done, build a space and open a location, Centrella said, it might be some time before new stores open and make the results of this uptick observable in the marketplace. “It already started at the end of 2010, but where landlords are going to start seeing the effect of that is in 2012,” he said “I expect it to be a very successful year.”

For more information, contact Al Centrella, NAI Long Island, 3 Huntington Quadrangle, Suite 307N, Melville, NY 11747; 631-2703000, Fax 631-270-3068; Email: acentrella@nailongisland.com; Web D M site: www.nailongisland.com.

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Everyday Needs = Good Business There’s nothing fancy about everyday shopping needs: picking up dry cleaning in the morning, grabbing pizza for lunch, shopping after work for a new DVD, take-out food, sweat socks, shampoo or even bread and butter. Everyday necessity shopping drives daily customer traffic to the retail, food and “big box” stores at Cedar’s Bread & Butter Shopping Centers®. Our tenants have long-term leases that generate predictable cash flow and our strong balance Cedar Shopping Centers, Inc. sheet permits us to take advantage of attractive Developers, Owners and Managers of acquisition and redevelopment opportunities.

Bread & Butter Shopping Centers® Centers that serve everyday shopping needs is our formula for good business.

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Buyers and Sellers Kin Properties, Inc. is selling an 8,400 sq.ft. freestanding building located along West Camelback Road in Phoenix, AZ. The asking price is $595,000. The company is also selling a 5,400 sq.ft. freestanding building located along Canton Road in Marietta, GA. The asking price is $600,000. The company is also selling a 24,659 sq.ft. freestanding building located along Second Avenue in Ft. Dodge, IA. The asking price is $595,000.

The company is also selling an 8,000 sq.ft. freestanding building located along South East Street in Indianapolis, IN. The asking price is $395,000. The company is also selling a 5,400 sq.ft. freestanding building located along Marlboro Pike in Forestville, MD. The asking price is $780,000. The company is also selling a 4,795 sq.ft. freestanding building located along Miller Road in Flint, MI. The asking price is $399,000.

The company is also selling a 4,000 sq.ft. freestanding building located along South Cedar Street in Lansing, MI. The asking price is $349,000. The company is also selling a 7,000 sq.ft. freestanding building located along Plymouth Road in Livonia, MI. The asking price is $350,000. The company is also selling a 6,866 sq.ft. freestanding building located along East Apple Avenue in Muskegon, MI. The asking price is $325,000.

The company is also selling an 8,400 sq.ft. freestanding building located along North 24th Avenue in Port Huron, MI. The asking price is $295,000. The company is also selling an 8,400 sq.ft. freestanding building located along West Larpenteur Avenue in Falcon Heights, MN. The asking price is $840,000.

The company is also selling a 35,040 sq.ft. freestanding building located along North Eastern Avenue in Las Vegas, NV. The asking price is $1.7 million. The company is also selling a 5,566 sq.ft. freestanding building located along Ridge Road in West Seneca, NY. The asking price is $350,000.

The company is also selling a 6,600 sq.ft. freestanding building located along South Erie Highway in Hamilton, OH. The asking price is $535,000. The company is also selling a 4,800 sq.ft. freestanding building located along West 4th Street in Mansfield, OH. The asking price is $480,000.

For more information, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, mmakler@kinproperties.com, gshapiro@kinproperties.com and ssandelman@kinproperties.com; Web site: www.kinproperties.com. page 16

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Cassidy Turley BT Commercial is selling Cheyenne Marketplace, an 81,670 sq.ft. center located in Cheyenne, WY. The center is 98% leased with tenants including Michaels, Bed Bath & Beyond, Famous Footwear, Dollar Tree and dressbarn. The asking price is $12.25 million with a Cap rate of 8.14%. The company is also selling Topeka Marketplace, a strip center located in Topeka, KS. The center is 100% leased with tenants including Qdoba Mexican Grill, Great Clips, Jimmy John’s and John Burke Rare Coins and Collectables. The asking price is $1.81 million with a Cap rate of 8%.

For more information, contact Robert C. Sanner or Rick Sanner, Cassidy Turley BT Commercial, 201 California Street, Suite 800, San Francisco, CA 94111; 415-6770439/0429, Emails: bsanner@ctbt.com and rsanner@ctbt.com; Web site: www.ctbtnnn.com.

Cushman & Wakefield|Thalhimer is selling a Huddle House restaurant located along Oaklawn Boulevard in Hopewell, VA. The tenant is bound to a 15-year NNN lease with nine years remaining on the original lease term featuring three, five-year options and 10% rent escalations at each option.

The asking price is $855,000 with a Cap rate of 7.2%.

For more information, contact Catharine Spangler, Cushman & Wakefield|Thalhimer, 11100 West Broad Street, Glen Allen, VA 23060-5813; 804-344-7140; Email: catharine.spangler@thalhimer.com; Web site: www.thalhimer.com.

Vanguard-Fine, LLC, on behalf of a client, looks to acquire retail properties throughout FL, NJ, NY, PA, VT and New England. Suitable properties feature tenants bound to leases with between two and five years remaining on the term. The company prefers grocery, pharmacy, auto parts and bank tenants.

For more information, contact VangaurdFine, LLC; 2050 Western Avenue, Suite 201, Guilderland, NY 12084; 518-862-0861.

Winick Realty Group, LLC is selling a fourstory building located along Jamaica Avenue between 160th Street and Union Hall Street in Jamaica, NY. Area retail includes Walgreens, Conway, Duane Reade, Fabco, Jimmy Jazz, V.I.M., Payless ShoeSource, Shoppers World, Zales, AT&T Mobility, Applebee’s, Gap, The Children’s Place, Modell’s, Gertz Mall, Capital One Bank and Verizon Wireless.

For more information, contact Zach Mishaan, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2622; Email: zach@winick.com; Web site: www.winick.com.

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Byrne Co. is selling Roanoke Center, a 23,276 sq.ft. center located between Highway 114, Highway 170 and Highway 377 in Roanoke, TX. The center is 77% occupied. Area retail includes Taco Bell and Whataburger.

The NOI is $159,701. The asking price is $2.15 million. The company is also selling Meyerland Center, a 37,375 sq.ft. center located at the intersection of South Post Oak Road and West Bellfort in Houston, TX. The center is 95% occupied. Kroger anchors the center and tenants include Cato, H&R Block, Aaron’s, Texas Car Title & Payday Loans, Cash America, Subway and Chase Bank.

Area demographics include a population of 431,000 within five miles. The asking price is $4.976 million.

For more information regarding Roanoke Center, contact Sean M. Byrne or Ryan M. Byrne, Byrne Co., 8525 Ferndale Road, Suite 100, Dallas, TX 75238; 214-343-6996 or 214979-6132, Emails: sean@byrnecompany.com and ryan.byrne@cbre.com; Web site: www.byrnecompany.com.

For more information regarding Meyerland Center, contact Sean M. Byrne.

EXP Realty Advisors is selling a 7,934 sq.ft. center situated on 0.76 acres in Albuquerque, NM. Tenants include Foot Locker, Northern Imports and NM Nash. The tenants are bound to NNN leases. Area retail includes Office Depot, Old Navy, Starbucks, Taco Bell, KFC, Subway and Coronado Mall, featuring Sears, Kohl’s and JCPenney. Area demographics include a population of 294,000 within five miles. The average daily traffic count is 33,800 vehicles. The asking price is $1.226 million with a Cap rate of 8%.

For more information, contact EXP Realty Advisors; 212-972-7457; Email: exp@exp1031.com; Web site: www.exp1031.com.

Linear Retail Properties, LLC acquired four retail condominiums totaling 5,719 sq.ft. in three, five-story buildings located along Newbury Street in Boston, MA. At the time of acquisition, tenants included MiniLuxe Back Bay Spa, Michael Labrecque Salon, Audrey’s Pet Supply & Services and Vibram USA Footwear. The company acquired the properties for $5.99 million from Providence Real Estate Holdings of Newbury Street, LLC. Colliers International represented the seller in the transaction.

For more information, contact Bill Beckeman, Linear Retail Properties, LLC, 5 Burlington Woods Drive, Suite 107, Burlington, MA 01803; 781-273-5665 Ext. 210; Email: wbeckeman@linearretail.com; Web site: www.linearretail.com. (continued on page twenty-four)

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New Construction Wolfson Verrichia Group, Inc. is preleasing the second phase of Aramingo Crossings Shopping Center, a 329,408 sq.ft. center located at the intersection of Aramingo Avenue and Butler Street in Philadelphia, PA. Spaces from 1,500 sq.ft. to 7,000 sq.ft. are available. Walmart Supercenter and Lowe’s Home Improvement anchor the center. The second phase is slated to open during April of next year. The company is also preleasing Oxford Commons Shopping Center, a 400,000 sq.ft. project located at the intersection of Route 10 and Route 1 in Lower Oxford Township, PA. Spaces from 1,350 sq.ft. to 6,000 sq.ft. are available along with two outlots. Walmart Supercenter anchors the project with cotenants including GameStop, Great Clips, Sleepy’s and Snap Fitness. The center is slated to open during April of next year. The company is also redeveloping MacDade Mall, a 275,000 sq.ft. center located at the intersection of MacDade Boulevard and Glenside Avenue in Holmes, PA. Spaces from 1,650 sq.ft. to 22,000 sq.ft. are available.

Acme, Kmart and Marshalls anchor the center. The company is also preleasing Oak Tree Plaza, a 250,000 sq.ft. center located at the intersection of Fire Road and Black Horse Pike in Egg Harbor Township, NJ. Space is available along with five outlots.

Walmart Supercenter anchors the project.

The company is also preleasing Maiden Creek Crossings, a 458,000 sq.ft. project located at the intersection of Route 222 and Schaeffer Road in Kutztown, PA. Shop space is available along with a 60,000 sq.ft. junior anchor space and five outlots. Weis anchors the center.

For more information, contact Wolfson Verrichia Group, Inc., Meetinghouse Business Center, 120 West Germantown Pike, Suite 120, Plymouth Meeting, PA 19462; 610-277-8899, Fax 610-277-8880.

National Realty & Development Corp. is developing Friendship Heights Plaza, a 40,000 sq.ft. project located at the intersection of Jenifer Street and Western Avenue Northwest in the Chevy Chase/ Friendship Heights area of Washington, DC. Area demographics include a population of 500,000 within one mile earning $165,547 as the average household income. Area retail includes Neiman Marcus, Saks Fifth Avenue, Williams-Sonoma, Lord & Taylor and Bloomingdale’s.

For more information, contact Jerry Bermingham, National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 914-272-8032; Email: jerry.bermingham@nrdc.com; Web site: www.nrdc.com. page 18

May 27, 2011

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Kite Realty Group is developing Parkside Town Commons, a mixed-use project located at the intersection of Interstate 540 and NC Highway 55 in Cary/Raleigh, NC. The project features retail, residential and office components. Space is available, including junior anchor spaces and pad sites. Target anchors the center. Area demographics include a population of 380,438 within 10 miles earning $90,834 as the average household income. The company is also developing Broadstone Station, a mixed-use center located at the intersection of NC Highway 55 and U.S. Highway 1 in Carey/Raleigh, NC. The project features a retail component and a 400-unit residential component. Walmart Supercenter anchors the retail portion.

Area demographics include a population of 316,285 within 10 miles earning $95,715 as the average household income. The company is also developing New Hill Place, located at the intersection of NC Highway 55 and New Hill Road in Holly Springs, NC. Area demographics include a population of 257,678 within 10 miles earning $95,622 as the average household income.

For more information regarding Parkside Town Commons or New Hill Place, contact Greg S. Poetz or Jason P. Samreny, Kite Realty Group, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317578-5153 or 561-865-4613, Fax 317-5775605; Emails: gpoetz@kiterealty.com and jsamreny@kiterealty.com; Web site: www.kiterealty.com. For more information regarding Broadstone Station, contact Jeff S. Wright; 317-713-5698; Email: jwright@kiterealty.com.

Cushman & Wakefield|Thalhimer is preleasing The Corner at Short Pump, a 250,000 sq.ft. mixed-use lifestyle project located at the intersection of West Broad Street and Lauderdale Drive in Richmond, VA. Kroger anchors the center. Area retail includes Crate & Barrel, Nordstrom, Williams-Sonoma, Orvis, Panera Bread, Starbucks, Pottery Barn, Dick’s Sporting Goods, Dillards, The Cheesecake Factory, Firebirds and Macy’s. Area demographics include a population of 320,458 within 10 miles earning $96,691 as the average household income. The average daily traffic count is 59,451 vehicles.

For more information, contact Connie Jordan Nielsen, Loretta L. Cataldi or Lindsey Floyd, Cushman & Wakefield|Thalhimer, Thalhimer Center, 11100 West Broad Street, Glen Allen, VA 23060; 804-697-3569/3431/3412; Emails: connie.nielsen@thalhimer.com, loretta.cataldi@thalhimer.com and lindsey.floyd@thalhimer.com; Web site: www.thalhimer.com.

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River Park Development is developing the second phase of Baton Rouge Boardwalk River Park, a mixed-use project situated on 50 acres in Baton Rouge, LA. The second phase features a 200,000 sq.ft. retail and restaurant component and a hospitality component.

Trade-area demographics include a population of 800,000 earning $65,470 as the average household income.

For more information, contact John Elkington, River Park Development; 901-2550717; Email: donna@elkingtongroup.com; Web site: www.elkingtongroup.com.

Landmark Commercial Real Estate, Inc. is preleasing a retail project situated on 60 acres in Wichita, KS. Retail and restaurant pad sites are available along with a divisible 50,000 sq.ft. build-to-suit space. Cotenants include Cabela’s, SuperTarget, Subway, Chili’s and Cost Plus World Market.

For more information, contact Brad Saville, Landmark Commercial Real Estate, Inc., 156 North Emporia Street, Wichita, KS 67202; 316-262-2442; Web site: www.landmarkrealestate.net.

Center Creek Development, LLC is developing a 550,000 sq.ft. mixed-use project in New Lennox, IL. The project will be developed in two phases, with construction slated to begin during August and completion of the first phase slated for fall of next year.

For more information, contact Center Creek Development, LLC, 830 West Route 22, Suite 45, Lake Zurich, IL 60047; 847620-2174; Web site: www.ccreekdev.com.

Buckingham Cos., with Eli Lilly and Co., is in the approval phase of developing North of South, a mixed-use project situated on 14 acres at the intersection of Delaware Street and South Street in Indianapolis, IN. Construction on the project is slated to begin during the summer.

For more information, contact Buckingham Cos., 941 North Meridian Street, Indianapolis, IN 46204; 317-974-1234, Fax 317-974-1238; Web site: www.buckingham-co.com.

HSA Commercial Real Estate is in the approval phase of the development of a 250,000 sq.ft. mixed-use project on 25 acres at the intersection of West Burleigh Street and Highway 45 in Wauwatosa, WI. Construction on the project is slated to begin during the fall.

For more information, contact HSA Commercial Real Estate, 233 South Wacker Drive, Suite 350, Chicago, IL 60606; 312332-3555, Fax 312-332-4122; Web site: www.hsacommercial.com. (continued on page fifty-eight)

Who’s Opening and Where Saladworks, LLC (610-825-3080), through two franchisees, will open four Saladworks locations throughout Fairfax and Loudoun counties and Virginia Beach, VA. The first of the planned openings is slated for early next year. The company will also, through a franchisee, open three Saladworks locations throughout Orange County, CA, as part of a plan to open 14 locations in the area. The first location is slated to open at the end of the year. The company also, through a franchisee, will open six locations throughout Bergen County, NJ. The restaurants will open at a rate of one unit annually for the first four years, with the remaining two stores opening during the fifth year. The first location is slated to open later this year. The company opened 48 franchise locations last year and expects similar growth this year, including planned expansion in MD, NC and TX. The company currently operates more than 100 franchised locations, offering salads, soups and sandwiches, nationwide throughout 11 states, including 34 units throughout NJ. BJ’s Wholesale Club, Inc. (508-651-7400) is in the approval phase of a plan to open a 127,760 sq.ft. BJ’s Wholesale Club on a 28acre parcel along Federal Road in Brookfield, CT. The store will join Kohl’s at the center.

The company also plans to open a 121,000 sq.ft. store at Garden City Square, located along Stewart Avenue in the Garden City area of Long Island, NY. The store is slated to open during October of next year.

Safeway, Inc. (925-467-3000) plans to open a 58,495 sq.ft. Safeway store in a former Mervyns on eight acres along Contra Costa Boulevard in Pleasant Hill, CA. The store will replace an existing location at DVC Plaza, located along Golf Club Road in the city, which will close upon the opening of the new store. The store will also feature gasoline facilities. The company also plans to open a 50,000 sq.ft. store in a former Danielsons Fresh Marketplace at Hilltop Mall, located along Molalla Avenue between Warner Milne Road and Beavercreek Road in Oregon City, OR. The store is slated to open by year’s end.

Raising Cane’s Chicken Fingers (866552-2637), through franchisee Micatrotto Restaurant Group, plans to open two restaurants in Phoenix, AZ. The locations will be at the intersection of Interstate 17 and Peoria Avenue and at the intersection of 44th Street and Thomas Road, and are slated to open during August and October, respectively. The company currently operates 90 locations nationwide throughout 14 states. page 20

May 27, 2011

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Wal-Mart Stores, Inc. (479-273-4000) will open a 55,976 sq.ft. Walmart Neighborhood Market in a former Bruno’s along Perdido Beach Boulevard in Orange Beach, AL. The store is slated to open during midsummer. The company also plans to open a 43,000 sq.ft. Walmart Neighborhood Market on the site of an Ashley Furniture Home Store along Cornell Road in Beaverton, OR. The company also plans to open a 91,000 sq.ft. Walmart in Fairfax, VA, as part of a plan to open smaller locations in urban markets. The store is slated to open during the fall and will be the company’s 13th in the state for the concept, in addition to 85 Walmart Supercenter stores in the state.

Shopko Stores Operating Co., LLC (800-7917333) plans to open a 36,000 sq.ft. Shopko Hometown store along West Ryan Street in Brillion, WI. The Hometown store will be smaller than a typical Shopko location but will offer a similar range of merchandise, including convenience food, apparel and home goods, and will also feature a pharmacy.

Construction on the location began during April with an opening projected for the fall.

The company also plans to open a Shopko Hometown store at the intersection of State 67 and Rockville Road in Kiel, WI, and will open five Hometown locations in former Pamida stores in Princeton and Abbotsford, WI; Mora, MN and Calumet and Ishpeming, MI during the summer.

BJ’s Restaurants, Inc. (714-500-2400) plans to open 12 to 13 restaurants nationwide this fiscal year, having opened 10 during the previous fiscal year. The majority of the company’s planned openings are slated for CA and TX, and approximately half of the openings will be conversions of retail locations. The company recently opened an 8,000 sq.ft. restaurant at Broadway Square Mall, located at the intersection of Loop 23 and Broadway Avenue in Tyler, TX. The company currently operates 103 restaurants nationwide, including 21 units throughout TX.

Regal Entertainment Group (865-9221123) will open an Edwards Theatres movie theater at West Oaks Mall, a one-million sq.ft. enclosed regional mall currently under redevelopment on 92 acres between Highway 6, Westheimer Road and Richmond Avenue in West Houston, TX. The 14-screen theater, which will serve as one of the anchors of the mall, is slated to open next fall, and will join Dillards, Macy’s and Sears at the center. The company currently operates 539 theaters nationwide throughout 39 states and Washington, DC, trading as Regal Cinemas, United Artists Theatre and Edwards Theatres.

The Melting Pot Restaurants, Inc. (813-8810055) will open a Melting Pot restaurant in a former Men’s Wearhouse at Marketplace Mall, located in Henrietta, NY. The opening will be the company’s first in the area and its sixth in the state, and is slated for August.

Charming Charlie and Vanity also plan to open locations at the mall during midsummer. The retailers will join The BonTon, JCPenney, Anchor Bar and Old Navy at the center.

True Value Co. (773-695-5000) plans to open a 12,600 sq.ft. True Value Hardware store at Owyhee Center Retail Plaza, located along 12th Avenue in Nampa, ID.

Jo-Ann Stores, Inc. (330-656-2600) plans to open as many as 55 to 60 Jo-Ann Fabrics stores nationwide this year, up from a previously-reported 30 stores.

The company also plans to remodel an existing 60 locations, and currently operates 750 stores nationwide throughout 48 states.

Affliction Holdings, LLC (562-598-0299) will open four Affliction apparel stores during the remainder of the year, having recently opened a 5,000 sq.ft. location in Seal Beach, CA during April. The company also plans to open stores in Hong Kong, South Africa and Moscow and currently operates 10 locations, offering apparel and accessories, nationwide and internationally.

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Family Dollar Stores, Inc. (704-847-6961) will open an 8,032 sq.ft. Family Dollar store on 1.29 acres along Kern Street in Taft, CA. The company operates 6,800 stores nationwide throughout 44 states, and plans to open 300 stores during the year and renovate 800 existing locations.

Supervalu, Inc. (952-828-4000) plans to open 30 Save-A-Lot grocery stores throughout Chicago, IL during the coming four years.

The company recently opened five stores throughout the city, and currently operates 1,200 locations nationwide, including 13 in the Chicago area.

Dollar Tree Stores, Inc. (757-321-5000) will open 300 Dollar Tree stores and 35 Deal$ locations nationwide this year. The company also plans to open 17 Dollar Giant stores throughout Canada during the year, and will expand or relocate 75 existing Dollar Tree locations nationwide. The company currently operates 4,101 locations nationwide. (continued on page twenty-eight)

Food Retailers Expand Nationwide Green Mill Restaurants, LLC trades as Green Mill at 28 locations throughout KS, MN, ND and WI. The full-service American continental restaurants occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets, as well as CO, IA and SD, during the coming 18 months. Typical leases run 10 years with options. Major competitors include Applebee’s and T.G.I. Friday’s. The company requires a liquor license, will consider sites attached to hotels, and is franchising.

For more information, contact Paul Dzubnar, Green Mill Restaurants, LLC, 1342 Grand Avenue, St. Paul, MN 55105; 651-203-3100, Fax 651-203-3101; Email: pauld@greenmill.com; Web site: www.greenmill.com.

Panda Express operates more than 1,335 locations nationwide throughout 38 states, as well as in Puerto Rico. The quick-service Chinese restaurants occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the Inland Empire area of CA, as well as select markets in Los Angeles County and the San Gabriel Valley area, during the coming 18 months, with representation by Grubb & Ellis. Preferred demographics include a trade-area population above 45,000 earning $30,000 to $80,000 as the average household income. Sites with a drive-thru are preferred for freestanding locations, and the company prefers to locate in centers featuring at least three major grocery or retail anchor tenants.

For more information, contact Dan Samulski, Jeff Ottman or John Skruggs, Grubb & Ellis, 4675 MacArthur Court, Suite 1600, Newport Beach, CA 92660; 949-6082080; Email: dan.samulski@grubb-ellis.com, jeff.ottman@grubb-ellis.com and john.skruggs@grubb-ellis.com; Web site: www.grubb-ellis.com.

Panera Bread operates more than 1,453 locations nationwide throughout 40 states. The restaurants, offering sandwiches, soups, salads and desserts, occupy spaces of 3,800 sq.ft. to 4,200 sq.ft. in freestanding locations and strip centers.

Growth opportunities are sought throughout Hartford and New London counties in CT, as well as MA, ME, NH and RI, during the coming 18 months, with representation by National Commercial Brokers. Typical leases run 10 years with options. A vanilla shell is required.

For more information, contact Harmon Lewis, National Commercial Brokers, 75 Second Avenue, Suite 315, Needham, MA 02494; 781-453-0360, Fax 781-453-0390; Email: harmon@nationalcommercial.com; Web site: www.nationalcommercial.com. page 22

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Focus Brands trades as Moe’s Southwest Grill at more than 420 locations nationwide throughout 32 states. The southwestern restaurants occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in freestanding locations, malls, urban/downtown areas and entertainment, lifestyle, power and specialty centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Evergreen Commercial Real Estate. Typical leases run 10 years with two, five-year options. A vanilla shell and specific improvements are required.

Preferred cotenants include big box retailers and grocery stores, and the company prefers to locate in endcap spaces. The company also trades as Carvel at 500 locations and Cinnabon at 770 locations nationwide and internationally. The ice cream and cinnamon bun shops occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in freestanding locations, malls, urban/downtown areas and entertainment, lifestyle, power, specialty and tourist centers.

Limited growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation

by Evergreen Commercial Real Estate.

Typical leases run 10 years. A vanilla shell and specific improvements are required.

Preferred cotenants include grocery stores and pharmacies. Major competitors include TCBY, Dairy Queen and Baskin-Robbins. The company is looking to relocate existing units.

For more information, contact Douglas Balduini, Evergreen Commercial Real Estate, 1037 U.S. Highway 46, Clifton, NJ 07013; 973-332-0518, Fax 973-470-9821; Email: dougb@evergreencommercial.com; Web site: www.evergreencommercial.com.

Yogen Fruz operates more than 1,200 locations nationwide and internationally. The frozen yogurt shops occupy spaces of 500 sq.ft. to 1,000 sq.ft. in freestanding locations, power centers, regional malls and downtown areas.

Growth opportunities are sought throughout the San Francisco Bay area of CA during the coming 18 months, with representation by Robert K. Futterman & Associates. Extreme Pizza operates 50 locations nationwide. The pizzerias occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in freestanding locations, downtown areas and endcaps of shopping centers. Plans call for more than 10 openings throughout the existing market during the coming 12 months, with representation by Robert K. Futterman & Associates. Expansion is franchise-driven.

For more information, contact David Friedman, Robert K. Futterman & Associates, 3 Embarcadero Center, 7th Floor, San Francisco, CA 94111; 415-248-1150; Email: dfriedman@rkf.com; Web site: www.extremepizza.com.

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Halsted Street Deli operates 26 locations throughout IL. The delis and cafes, offering soups, salads and sandwiches, as well as breakfast items, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, urban and suburban areas and endcaps and inline spaces of upscale lifestyle and strip centers. Growth opportunities are sought throughout Broward, Miami-Dade and Palm Beach counties in FL during the coming 18 months, with representation by Investment Management Associates, Inc. (Restaurant Division). Preferred demographics include a residential population of 30,000 within two miles earning $50,000 as the median household income and a daytime population of 20,000 within two miles. The company will also consider larger spaces.

For more information, contact Andrew Pearl, Investment Management Associates, Inc. (Restaurant Division), 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305-661-0110, Fax 305-661-7803; Email: apearl@ima-realestate.com; Web site: www.ima-realestate.com.

Chick-fil-A, Inc. trades as Chick-fil-A at more than 1,500 locations nationwide throughout 39 states. The restaurants, offering chicken sandwiches and related items, occupy spaces of 4,000 sq.ft. in freestanding locations, regional malls and power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years with four, five-year options. Preferred cotenants include Home Depot, Lowe’s Home Improvement, Target and Walmart.

Preferred demographics include a population of 35,000 within one mile earning $50,000 as the average household income.

For more information, contact Erwin Reid, Chick-fil-A, Inc., 5200 Buffington Road, Atlanta, GA 303492998; 404-765-8000, Fax 404-7658941; Email: erwin.reid@chick-fil-a.com; Web site: www.chick-fil-a.com.

Friendly Ice Cream Corp. trades as Friendly’s Restaurants at more than 500 locations throughout 16 states in the eastern region of the U.S., west to OH. The full-service family restaurants occupy spaces of more than 2,100 sq.ft. in endcaps of power, strip and tourist centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company is franchising.

For more information, contact Jim Sullivan, Friendly Ice Cream Corp., 1855 Boston Road, Wilbraham, MA 01095; 413731-4202, Fax 413-731-4455; Web site: www.friendlys.com. (continued on page twenty-six)

Buyers and Sellers (continued from page sixteen)

CB Richard Ellis negotiated the sale of a bank-owned vacant multi-tenant retail center located along Sahara Avenue in Las Vegas, NV. A private entity acquired the property for $2.065 million. The company is also selling Security Center, a 42,735 sq.ft. center located along Main Street in Security, CO. The center is 61% occupied with tenants including Ross Dress for Less. The tenant is bound to a ten-year lease with six years remaining on the original lease term. Area retail includes Walmart Supercenter, McDonald’s, Burger King and Borriello Brothers New York Pizza. Area demographics include a population of 132,622 within five miles. The average daily traffic count is 58,000 vehicles.

The asking price is $1.128 million with a Cap rate of 8%.

For more information regarding the Las Vegas property, contact Charles M. Moore, Michael Newman or Marlene M. Fujita, CB Richard Ellis, 3993 Howard Hughes Parkway, Suite 700, Las Vegas, NV 89169; 702-369-4820/4921/4862, Fax 702-3694904; Emails: charles.moore@cbre.com, michael.newman@cbre.com and marlene.fujita@cbre.com; Web site: www.cbre.com. For more information regarding the Security property, contact Brad Lyons or Geoff Baukol, 8390 East Crescent Parkway, Suite 300, Greenwood Village, CO 80111; 720-528-6351 or 303628-1750; Emails: brad.lyons@cbre.com and geoff.baukol@cbre.com; Web site: www.securitycenterretail.com.

Edgemark Commercial Real Estate Services, LLC is selling Church Street Station Shopping Center, located at the intersection of Lake Street and Barrington Road in Hanover Park, IL. The asking price is $1.168 million. The company is also selling Park Hill Towne Centre, a 43,847 sq.ft. center located at the intersection of 171st Street and LaGrange Road in Tinley Park, IL. The asking price is $10.9 million with a Cap rate of 9.5%.

For more information, contact Jeff Kowal, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5611, Fax 630-472-1019; Email: jkowal@edgemarkllc.com; Web site: www.edgemarkllc.com.

KW Commercial is selling The Meddowe Shoppes, a 15,755 sq.ft. strip center situated on five acres in East Granby, CT. Planet Fitness anchors the center. The average daily traffic count is 20,000 vehicles. The asking price is $2.3 million.

For more information, contact Lisa Mulvey, KW Commercial, 860-508-2102, Fax 860-3944041; Web site: www.kwcommercial.com. page 24

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BlueGate Partners, LLC, on behalf of a client, is selling an 18,712 sq.ft. retail property located along Worth Avenue in Palm Beach, FL. The property is 99% occupied with tenants including Bice, which is bound to a lease set to expire during 2020.

For more information, contact Eric M. Bylin or Craig J. Callaway, BlueGate Partners, LLC, 250 Royal Palm Way, Suite 390, Palm Beach, FL 33480; 561-655-1742/1748; Fax 561-6551745; Emails: ebylin@bluegatepartners.com and ccallaway@bluegatepartners.com; Web site: www.bluegatepartners.com. Or Mark A. Delillo or Daniel L. Sachs, 1412 Broadway, Suite 2102, New York, NY 10018; 212381-7606/7607, Fax 917-591-9696; Emails: mdelillo@bluegatepartners.com and dsachs@bluegatepartners.com.

CRS Advisors is selling a 10,125 sq.ft. CVS situated on 1.3 acres in Greenville, SC. The tenant is bound to a NNN ground lease. The asking price is $1.77 million. The company is also selling a 46,500 sq.ft. freestanding Winn-Dixie located in Albany, GA. The tenant is bound to a NNN lease with oneyear remaining on the initial term featuring options. The asking price is $1.57 million with a Cap rate of 13%.

For more information, contact Charles R. Stewart, CRS Advisors, 103 Marshview Road, Savannah, GA 31410; 912-596-5981; Email: crs.advisors@comcast.net.

The Goldstein Group negotiated the sale of an 8,200 sq.ft. retail building located along South Orange Avenue in South Orange, NJ. At the time of sale, tenants at the property included Rita’s, Sonny’s Bagels and Diamond Cleaners. Realty Management Systems, LLC acquired the property from S&C Leasing for $1.15 million.

For more information, contact Chuck Lanyard, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700 Ext. 15; Email: clanyard@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com.

Newmark Knight Frank is selling retail spaces of 1,200 sq.ft. to 5,108 sq.ft. in a mixed-use building located along West Belmont Avenue in Chicago, IL. Area demographics include a population of 66,406 within five miles earning $63,499 as the average household income. The average daily traffic count is 36,000 vehicles.

For more information, contact Mathew Abrahamson or James Schutter, Newmark Knight Frank, 1 East Wacker Drive, Suite 3500, Chicago, IL 60601; 312-386-3190/3149; Emails: mabrahamson@newmarkkf.com and jschutter@newmarkkf.com; Web site: www.newmarkkf.com/retail.

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Mid-America Asset Management, Inc. is selling a 3,975 sq.ft. endcap at Mission Village, located along 75th Street in Kenosha, WI. Area demographics include a population of 87,329 within three miles. The average daily traffic count is 23,700 vehicles.

For more information, contact Barb Kading, Jaime Platt or Mike Fitzgerald, Mid-America Asset Management, Inc., One Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630-954-7348/7223 or 414-390-1403, Fax 630-954-7304/7306; Emails: bkading@midamericagrp.com, jplatt@midamericagrp.com and mfitzgerald@midamericagrp.com; Web site: www.midamericagrp.com.

Battery Commercial is selling a Dollar Tree located in Fredericksburg, VA. The asking price is $2.35 million with a Cap rate of 7.25%.

For more information, contact Chad Richards or Bob Stolkin, Battery Commercial, 50 Francisco Street, Suite 275, San Francisco, CA 94133; 415-9634712/4714, Fax 415-963-4742/4744; Emails: crichards@batterycommercial.com and bstolkin@batterycommercial.com; Web site: www.batterycommercial.com.

Kamin Realty Co. looks to acquire netleased properties and shopping centers.

Suitable properties feature assumable, self-liquidating financing.

For more information, contact Kamin Realty Co.; 412-661-5233, Fax 412-6618160; Email: kamin@kaminrealty.com; Web site: www.kaminrealty.com.

Paster Enterprises, LLC looks to acquire grocery-anchored and other high-quality retail properties throughout Twin Cities area of MN. For more information, contact Lisa Store, Paster Enterprises, LLC; 651-646-7901; Web site: www.pasterenterprises.com.

The Shopping Center Group is selling a 15,126 sq.ft. center located along Woodstock Road in Atlanta, GA. The center is 100% occupied with all tenants bound to NNN leases. Area demographics include a population of 55,403 within three miles earning $127,748 as the average household income. The average daily traffic count is 53,400 vehicles.

For more information, contact Daniel Earles or Mark Cooley, The Shopping Center Group, 300 Galleria Parkway, 12th Floor, Atlanta, GA 30339; 770-9552434, Fax 770-951-0054; Web site: www.theshoppingcentergroup.com. (continued on page thirty-two)

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

Southern Maid Donut Flour Co. trades as Southern Maid Donut Shop at 95 locations throughout CO, IL, LA, OK, TN, TX and WA, as well as Japan. The donut shops occupy spaces of 1,200 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide and internationally during the coming 18 months. Expansion is franchise-driven.

For more information, contact A.H. Hargrove, Southern Maid Donut Flour Co., 3615 Cavalier Drive, Garland, TX 75042; 972-272-6425, Fax 972-276-3549; Web site: www.southernmaiddonuts.com.

Cornett Hospitality, LLC trades as Hooters at nine locations throughout PA, VA and WV. The restaurants occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of shopping centers.

Growth opportunities are sought throughout the existing markets, as well as MD, during 2012. Typical leases run 10 years with four, five-year options. A vanilla shell or buildto-suit is required. Preferred demographics include a population of 150,000 within 10 miles earning $35,000 as the average household income. Major competitors include T.G.I. Friday’s, Chili’s, Buffalo Wild Wings, Applebee’s and Quaker Steak

GR

ROCK SOLID &

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GROWING STRONG… Over 4,650 stores, and we open more every week STORES THAT ARE 100% COMPANY OWNED AND OPERATED… No franchises FINANCIALLY DISCIPLINED… We make the right decisions to protect our shareholders RELIABLE… Whether purchase money or rent, our funds will be there…on time, every time AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,400 stores in 48 U.S. states plus the District of Columbia & Puerto Rico and over 240 stores in Mexico.

www.autozonerealestate.com SITE CRITERIA • • • •

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

STORE DEVELOPMENT DEPT. • P.O. BOX 2198 • MEMPHIS, TN 38101 • FAX: 901.495.8969 ©2011 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.

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May 27, 2011

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‘N Lube. The company prefers to locate near chain hotels. The company also trades as Topeka’s Steakhouse ‘N Saloon at three locations throughout VA. The restaurants occupy spaces of 6,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during 2012.

Preferred demographics include a population of 150,000 within 10 miles earning $50,000 as the average household income. The company prefers to locate near universities and government and office buildings.

For more information, contact Jim Cornett or Phil Cornett, Cornett Hospitality, LLC, PO Box 6887, Richmond, VA 23230; 717691-5333 or 804-678-9000, Fax 804-6789001; Emails: jcornett@cmchq.com and pcornett@cmchq.com.

MPC Franchise, LLC trades as Pudgie’s Pizza, Pasta & Subs at five locations throughout MD, NY and PA. The pizzerias and sub shops occupy spaces of 3,200 sq.ft. to 5,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months.

Preferred demographics include a population of 25,000 within two miles earning $40,000 as the average household income. Major competitors include other pizzerias and sub shops. The company is franchising.

For more information, contact David Cleary, MPC Franchise, LLC, 350 South Main Street, Elmira, NY 14904; 607-734-4869, Fax 607-734-4983; Email: djc@stny.rr.com; Web site: www.pudgiespizza.com.

Golden Corral Corp. trades as Golden Corral at approximately 500 locations nationwide.

The family-style buffet restaurants, offering carved meats, pasta, pizza, seafood, fresh vegetables and a salad bar, occupy spaces of 8,000 sq.ft. to 14,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include big box retailers. A land area of two to three acres is required. The company is franchising.

For more information regarding corporate expansion, contact Glen Kinkade, Golden Corral Corp., 5151 Glenwood Avenue, Raleigh, NC 27612; 919-781-9310, Fax 919881-4564; Email: gkinkade@goldencorral.net; Web site: www.goldencorral.net. For more information regarding franchise-driven expansion throughout the eastern region of the U.S., contact Bob Berkheimer; Email: bberkheimer@goldencorral.net. For more information regarding franchise-driven expansion throughout the western region of the U.S., contact Larry Weiland; Email: lweiland@goldencorral.net. DM

PROVEN PERFORMANCE COAST TO COAST.

Serramonte Center Daly City, California

EQUITY ONE on the move Equity One has taken the wheel of some very exciting opportunities on the West Coast.

Let us introduce you to our newest additions in Long Beach and San Francisco or get you up to speed on our East Coast developments including The Gallery at Westbury Plaza on Long Island.

To learn more, cruise by booth C1655 or visit www.equityone.net.

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

Darden Restaurants, Inc. (407-245-4000) plans to open a Seasons 52 restaurant at St. Johns Town Center, located along Big Island Drive in Jacksonville, FL. The restaurant, offering flatbreads, soups, salads and entrees under 475 calories, will seat 300 patrons and is slated to open during the fall, joining The Capital Grille and Bahama Breeze at the center. The company also plans three additional Seasons 52 openings during the year. The company currently operates 16 Seasons 52 restaurants nationwide throughout nine states, including six in FL, and also trades as Red Lobster, Olive Garden, Longhorn Steakhouse, The Capital Grille and Bahama Breeze.

Apple, Inc. (408-996-1010) plans to open an Apple store at Promenade at Chenal, located in Little Rock, AR. The store is slated to open during the fall. J. Crew also plans to open a store at the center during the summer. The company operates more than 300 stores worldwide.

The Cheesecake Factory, Inc. (818-8713000) will open a The Cheesecake Factory restaurant in part of a former Filene’s Department Store at Danbury Fair Mall, located in Danbury, CT. The restaurant is slated to open during late summer and will join Dick’s Sporting Goods, Forever 21 and Brio Tuscan Grille at the center.

Buffalo Wild Wings (800-499-9586) plans to open a restaurant in a former Charley’s Restaurant at Crystal Mall, located in Waterford, CT. The location is slated to open during the summer. The company currently operates 726 locations, offering chicken wings with 14 varieties of sauces and four types of seasonings, as well as salads, appetizers and burgers, nationwide throughout 44 states.

Hibbett Sports, Inc. (205-942-4292) plans to open between 50 and 55 Hibbett Sports stores during the 2011 fiscal year, an increase from a previously-estimated 40 to 42 locations. The company also plans to expand approximately 15 existing locations and close between 10 and 15 underperforming stores. Last year, the company opened 45 new locations, closed 14 and expanded 14 existing stores. The company currently operates 789 sporting goods stores nationwide throughout 26 states.

Walgreen Co. (847-914-2500) plans to open a 9,483 sq.ft. Walgreens pharmacy on the site of a former strip center at the intersection of Clinton Avenue and Croton Avenue in Ossining, NY. The store is slated to open during the fourth quarter of this year. page 28

May 27, 2011

The

Nordstrom, Inc. (206-628-2111) will open a three-story, 135,000 sq.ft. Nordstrom department store at The Americana at Brand, a 900,000 sq.ft. mixed-use center situated on 15.5 acres featuring a 475,000 sq.ft. retail component and a 338-unit multifamily component in Glendale, CA. The store will replace an existing Nordstrom at Glendale Galleria in the city, which will close upon the opening of the new location. The relocation is slated for the fall of 2013. The company currently operates 206 stores nationwide throughout 28 states, including 115 full-line stores, 88 Nordstrom Rack locations, two Jeffrey boutiques and one clearance store.

Dollar General Corp. (615-855-4000) plans to open a Dollar General store at the intersection of East Main Street and U.S. Highway 30 in Fayetteville, PA. The opening would be the company’s ninth in Franklin County, PA. The company currently operates 9,000 stores nationwide throughout 35 states, and plans to open 625 locations throughout its existing market during the year, as well as its first locations in CT, NH and NV. Jos. A. Bank Clothiers, Inc. (410-239-2700) will open a Jos. A. Bank men’s apparel store at Cincinnati Premium Outlets, located along Premium Outlets Drive in Monroe, OH. The store is slated to open during the summer. Talbots also plans to open a store at the center next month, and The Disney Store will open an outlet location at the center during September. The stores will join Saucony, Sperry Top-Sider, Elie Tahari and True Religion at the center.

Publix Super Markets, Inc. (863-688-1188) is scouting for a Publix location in the Midtown area of Mobile, AL. Potential sites include a location near the intersection of Spring Hill Avenue and Mobile Infirmary Boulevard.

Meijer, Inc. (616-453-6711) plans to open one Meijer location each in MI and OH during the year, as well as remodel 10 existing locations within the two states, eight of which are in MI. The remodeling will improve the lighting, heating, refrigeration and parking lot maintenance of the stores, as well as make the locations more energy-efficient.

CBRL Group, Inc. (615-444-5533) plans to open 11 Cracker Barrel restaurants this year, with more openings planned for 2012. The company eventually plans to open 30 new stores annually, and currently operates 600 locations nationwide throughout 41 states, having recently opened its 600th location in Frankfort, KY during March.

Dealmakers

www.dealmakers.net

Kirby Foods, Inc. (217-352-2600) will open an 18,000 sq.ft. IGA grocery store along East Pine Street in LeRoy, IL. The store is slated to open during the fall and will replace an existing store at the intersection of U.S. Highway 150 and East Street in the city.

Toys “R” Us, Inc. (973-617-3500) plans to open a 59,000 sq.ft. Toys “R” Us/Babies “R” Us hybrid store at Bridge Street Town Centre, located in Huntsville, AL. The store is slated to open during late fall or early winter.

Savers, Inc. (425-462-1515) plans to open more than 100 Savers stores nationwide during the coming five years, including 23 openings this year. The company recently acquired 18 locations from Unique Thrift, LLC that formerly operated as Value Village in CO, KY, MD, MN, MO and VA. The acquisitions marked the company’s entry into KY, MD and VA. The company may also acquire Unique Thrift’s remaining 12 stores within the next three years, and currently operates 270 stores nationwide and throughout Canada and Australia.

White House|Black Market (239-277-6200) will open a store at Hamilton Place, located in Chattanooga, TN. The store is slated to open during July and will offer apparel and accessories for women ages 25 and up.

The opening will be the company’s first in the Chattanooga area and will join Bare Essentials, Forever 21, Gap, Bath & Body Works, Body Central, JCPenney, Teavana, Sephora and Banana Republic at the center.

Dover Saddlery, Inc. (800-406-8204) plans to open two to four Dover Saddlery stores this year and between four and six stores during 2012, as part of a plan to open 40 locations during the coming several years. Planned stores include a location outside Denver, CO slated to open during the middle of next month. The company currently operates 12 locations, offering equestrian products.

Kirkland’s, Inc. (731-668-2444) plans to open between 40 and 45 Kirkland’s stores during this fiscal year, and also plans to close 15 to 20 existing stores. The company currently D operates 300 locations nationwide. M

read the issues online in our new interactive format at: www.dealmakers.net

7 - E L E V E N , I N C . R E A L E S TAT E A N D D E V E L O P M E N T Urban Walk-Up

Shopping Center

We’re adding 500+ stores annually in the U.S. and Canada in 2011 and beyond.

With our flexible development program, we can build or convert sites of all types, including ground up, freestanding, shopping center, urban walk-up, convenience stores with gas, airport locations and more. We consider all types of development, including purchase, lease and build-to-suit.

tore with Gas Convenience S

We’re at RECon in May!

Freestanding

Visit us at Booth #S481 Q Street

To learn more, go to www.7-Eleven.com, click on “The Company” and choose the “Real Estate” link. Or call the Regional Director in one of our growth locations listed below.

Western Canada OR / WA / N. CA / N. NV

Toronto / NY / MA PA / NJ / CT / RI

VA / MD / DE District of Columbia

San Diego / AZ / S. NV Utah / CO / MO / KS

206-304-1902 Marc.Clough@7-11.com

800-450-3693 Ken.Barnes@7-11.com

908-803-2641 Armand.Keurian@7-11.com

303-740-2917 Stephen.Oliver@7-11.com

Marc Clough

Ken Barnes

Los Angeles

Mike Austin

714-307-0872 Michael.Austin@7-11.com

Armand Keurian

Texas / IL / MI

Mike McCormick

313-378-8466 Mike.Mccormick@7-11.com

Steve Oliver

Florida

Grant Distel

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

Exclusives and Leasing Assignments Witherell Real Estate (773-991-4932) represents Mariano’s Fresh Market with the chain’s expansion throughout the Chicago, IL metropolitan area. The supermarkets are seeking sites of 50,000 sq.ft. to 80,000 sq.ft.

Terranomics (650-931-2227 or 408-2008811) represents SanSai Sushi and Grill with the chain’s expansion throughout the San Francisco Bay area of CA. The restaurants are seeking spaces of 1,800 sq.ft. to 2,500 sq.ft. with a patio in freestanding pad sites and endcaps and inline spaces of power, regional and neighborhood shopping centers.

Grubb & Ellis Co. (925-956-4088) represents Gold’s Gym with the chain’s expansion throughout Alameda, Contra Costa, Solano, San Francisco, San Mateo, Central Valley and Fresno counties in CA. The fitness centers are seeking spaces of 12,000 sq.ft. to 15,000 sq.ft. in former big box locations, drug and grocery stores and car dealerships.

Main Street Property Services, Inc. (888-3226246) represents Patxi’s Chicago Pizza with the chain’s expansion throughout the East Bay area of CA. The restaurants are seeking spaces of 2,000 sq.ft. to 3,000 sq.ft. in urban areas with a strong daytime population.

The best of both worlds!

SRS Real Estate Partners (949-698-1103 or 602-682-6070) represents First Picks Management, an area developer for Panera Bread, in their expansion throughout Westwood, Century City, Beverly Hills, West Hollywood, Hollywood, downtown Los Angeles and the Miracle Mile area of CA. The restaurant chain is seeking sites of 3,700 sq.ft. to 4,500 sq.ft. in inline spaces of mixed-use centers and corner locations.

The company prefers sites with a high daytime population.

Urstadt Biddle Properties Inc. is the dominant grocery-anchored shopping center owner in the Westchester/Fairfield County markets... now with a growing portfolio in Northern NJ. We currently have big box availabilities in:

CONNECTICUT

NEW YORK

STAPLES PLAZA Yorktown

TOWNLINE SQUARE Meriden

21,165 SF Available

36,242 SF Available

200,000 SF Total GLA

316,000 SF Total GLA

Located adjacent to BJ’s Wholesale Club.

High visibility on Rt. 202.

Anchored by Burlington Coat and Old Navy.

Located on Route 5.

UBP owns 48 properties containing over 4 million square feet.

For leasing information, contact Linda Lacey x202.

For acquisition information, contact Jim Aries x224.

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

Atlantic Retail Properties (704-697-1900) represents the following retailers with their expansion plans: Nordstrom Rack, throughout NC and SC, seeking spaces of 35,000 sq.ft.; hhgregg, throughout DE, MD, NJ, PA, northern VA and WV, seeking sites of 25,000 sq.ft.; Petco, throughout NC and SC, seeking spaces of 12,500 sq.ft.; Five Below, throughout NC, utilizing spaces of 7,500 sq.ft.; LensCrafters, throughout NC and SC, utilizing sites of 3,000 sq.ft. to 3,500 sq.ft.; Pearle Vision, throughout NC, seeking spaces of 2,400 sq.ft. to 3,200 sq.ft., and Lime Fresh Mexican Grill, throughout NC, seeking sites of 2,400 sq.ft. to 3,200 sq.ft. The company also represents Lowe’s Home Improvement with the disposition of excess properties throughout GA, NC, SC, TN and VA. Sites are available from one acre to 22 acres.

UBA UBP

Listed

Visit us at C160 L Street at RECon 2011.

Available

Michael Salove Co. (215-568-2600) represents Five Guys Famous Burgers and Fries with the chain’s expansion throughout northern DE, southern NJ and the Lehigh Valley, northeastern and Philadelphia metropolitan areas of PA. The restaurants are seeking spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, urban/downtown areas, mall food courts and endcaps and inline spaces of lifestyle and strip centers.

Goldschmidt & Associates (914-723-1616) has been named the exclusive leasing agent for a 1,200 sq.ft. building located along North Broadway in the downtown area of Yonkers, NY. Area retail includes Larkin Plaza. Area demographics include a population of over 50,000 within one mile.

DJM Realty (631-752-1100) has been retained by Borders to dispose of 200 underperforming stores nationwide. The stores range in size from 12,895 sq.ft. to 42,770 sq.ft. and include sites in AK, AR, AZ, CA, CO, CT, FL, GA, HI, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OK, PA, TN, TX, UT, VA, WA and WI, as well as Washington, DC and Puerto Rico. DM

page 30

May 27, 2011

The

Dealmakers

www.dealmakers.net

PLEASE VISIT US AT THE 2011 ICSC LEASING MALL IN LAS VEGAS, NEVADA OUR BOOTH LOCATION: C-1662 CORNER OF 16 TH AVENUE & “M” STREET (CENTRAL HALL)

Buyers and Sellers (continued from page twenty-four)

Spectrum Capital Partners, LLC is selling the ground lease to Johnstown Galleria, a twostory, 711,665 sq.ft. enclosed regional mall located in Johnstown, PA. The mall is 96% occupied and anchored by JCPenney. The 97-year lease features annual rent escalations of 2%. The asking price is $23 million with a Cap rate of 6.04%.

For more information, contact Jeffrey Donnelly, Spectrum Capital Partners, LLC, 3 West 57th Street, 10th Floor, New York, NY 10019; 212871-5918, Fax 646-219-5104; Email: jdonnelly@spectrumcapitalpartnersllc.com.

The Boulder Group negotiated the sale of the ground lease of a Walgreens situated on a land area of 63,162 sq.ft. in St. John, IN. A private entity acquired the property for $2.74 million. The company represented the seller in the transaction.

The company is also selling a Walgreens located in Chicago, IL. The asking price is $7.238 million with a Cap rate of 6.7%.

For more information, contact Randy Blankstein or Jimmy Goodman, The Boulder Group, 666 Dundee Road, Northbrook, IL 60062; 847-562-0003/8500; Emails: rblank@bouldergroup.com and jimmy@bouldergroup.com; Web site: www.bouldergroup.com.

Proudly Represents These Exclusive Clients

Call to schedule a meeting at ICSC.

We are a Los Angeles, CA based retail real estate brokerage & consulting company serving retailers, developers, property owners and investors throughout Southern California & the United States.

We provide the highest level of specialized retail real estate services to retailers, including tenant representation, strategic planning, research & analysis, site selection and transaction management. Our owner representation services include marketing & leasing, investment sales and consulting.

Please contact Scott Lifschultz for more information and visit our website: www.splrealty.com.

201 Wilshire Blvd Suite 303 Santa Monica, CA 90401 | Office 310-883-7911 scott@splrealty.com | DRE#01861113 | www.splrealty.com page 32

May 27, 2011

The

Dealmakers

www.dealmakers.net

West Star Marketing Group is selling Hammerly Plaza Shopping Center, a 12,400 sq.ft. shopping center located along Hammerly Boulevard in Houston, TX. The center is 100% occupied with tenants including M& R Food Market. The NOI is $135,000. The asking price is $1.35 million with a Cap rate of 10%. The company is also selling Lake Conroe Plaza, a 68,211 sq.ft. center located along Highway 105 West in Montgomery, TX. The center is 78.4% occupied with tenants including 7 Leguas Restaurant, Elite Repeat Clothing, First Class Consignment, Chicago Deli and Sparkling Donuts.

Area retail includes The Colonades. The NOI is $400,700.

For more information, contact Tom Clarkson, West Star Marketing Group, 57 April Point South, Montgomery, TX 77356; 936-447-6829; Email: weststar2000@hotmail.com.

Plaza Advisors negotiated the sale of a 14,820 sq.ft. Walgreens located at the intersection of Pine Island Road and Burnt Store Road in Cape Coral, FL. The company represented the seller and Cassidy Turley BRE Commercial represented the buyer in the transaction.

For more information, contact Anthony Blanco, Plaza Advisors, 5201 Blue Lagoon Drive, Suite 846, Miami, FL; 305629-3606, Fax 305-647-6441; Email: anthony.blanco@plazadvisors.com; Web site: www.plazadvisors.com. Or Jim Michalak, 3412 Bay to Bay Boulevard, Tampa, FL 33629; 813-837-1300, Fax 813-831-2627; Email: jim.michalak@plazadvisors.com.

Sperry Van Ness|The Kase Group is selling a Lone Star Steakhouse located in Oxford, AL. The tenant is bound to a NNN lease featuring annual rent escalations of 2%. The asking price is $1.349 million with a Cap rate of 11%.

For more information, contact Kase Abusharkh or Jacob Abusharkh, Sperry Van Ness|The Kase Group, 252 Abigail Circle, Danville, CA 94506; 925348-1844 or 925-736-8405; Emails: kase@svn.com and jacob@svn.com; Web site: www.thekasegroup.com.

The Silver Group negotiated the sale of the ground lease of a 6,000 sq.ft., single-tenant McDonald’s building situated on 1.4 acres along Highway 201 in Killeen, TX. For more information, contact Greg Cunha, The Silver Group, 750 Lindaro Street, Suite 245, San Rafael, CA 94901; 415-461-0600, Fax 415-467-4940; Web site: www.thesilver-group.com. (continued on page forty-eight)

75 years old and still as flexible as ever.

For 75 years, Milbrook Properties has been customizing flexible retail leases to meet tenant needs.

At Milbrook Properties, flexibility is key. Our unique ability to successfully adapt to an ever-changing real estate market and structure creative lease terms for our retail tenants has spanned over 75 years.

FMS Corners | Pembroke Pines Quiznos, Hear X, Asian Buffet 1985 SF – 2535 SF Hollywood Palms | Hollywood Publix, Walgreens, Dade Medical 1340 SF – 1550 SF Shoppes at Margate | Margate Super Food Store, Florist 1500 SF – 13,700 SF

We offer high-quality locations, management expertise, and the financial stability of a fourth-generation, family owned and operated commercial real estate owner.

Shoppes at Pembroke | Pembroke Pines Michaels, Weight Watchers 1300 SF – 3900 SF

RETAIL AVAILABILITIES

Aviation Marketplace | Linden Target, Home Depot, ShopRite, AMC Theatres

FLORIDA Coral Springs Court | Coral Springs Stonegate Bank, Huntington Learning 600 SF – 3000 SF Flamingo Market Place | Pembroke Pines Bravo, 21st Century Oncology, Deli Den 500 SF – 9400 SF

NEW JERSEY

Edison Plaza | Edison ShopRite, Party Fair, Capital One Bank 2850 SF – 4400 SF Princeton Meadows | Plainsboro Asian Food Market, Subway 4000 SF Royal Plaza | East Windsor City Streets Café, Citi Financial, Allstate 960 SF – 2000 SF

NEW YORK Adams Commerce Plaza | Hauppauge Dunkin’ Donuts, Pomodorino, Blimpie 1156 SF – 2695 SF Baldwin Square | Baldwin Best Buy, Huntington Learning Center, Applebee’s 1120 SF Bay Shore Commons | Bayshore Stop & Shop, Rent-A-Center, Retro Fitness 1450 SF – 8050 SF Bethpage Commons | Bethpage DMV, Dunkin’ Donuts, Animal Hospital 3025 SF – 9000 SF

Huntington Crossroads | Huntington Station H&R Block, Domino’s Pizza, Subway 1370 SF – 3360 SF Kenmor Plaza | Seaford Gourmet Deli, Flynn & O’Hara Uniforms 4200 SF Lake Shore Plaza | Lake Ronkonkoma Waldbaum’s, Chase Bank, Pet Supplies Plus 1124 SF Nanuet Mall South | Nanuet Premier Fitness, Jenny Craig, Quest 1500 SF – 6520 SF NY Avenue Stores | Huntington Station Auto Zone, Carvel, Pharmacy

Bi-County Commons | East Farmingdale Meat Farms, Retro Fitness, Bethpage Federal Credit Union 4959 SF

Spring Valley Marketplace | Spring Valley Michaels, Bed Bath & Beyond, Christmas Tree Shops 1174 SF – 2400 SF

Bohemia Commons | Bohemia IGA, Lucille Roberts, CVS 800 SF – 2000 SF

Tali Plaza of Nyack | Nyack Riverspace Theater, Subway, H&R Block 1225 SF – 4739 SF

Cherry Valley Corners | West Hempstead Pet Supplies Plus, Mandee, Payless Shoes 4000 SF

Waverly Corners | Holtsville Soccer World, Deli 900 SF 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

Home-Related Chains Expand Nationwide Marburn Stores, Inc. trades as Marburn Curtain Warehouse at 20 locations throughout NJ, Long Island and Rockland County, NY and PA. The stores, offering window treatments, home furnishings, curtains and bedding and bath products, occupy spaces of 6,500 sq.ft. to 7,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout NJ, NY and PA during the coming 18 months. Preferred cotenants include Home Depot, HomeGoods, Kohl’s, Lowe’s Home Improvement, Marshalls and T.J. Maxx.

For more information, contact Richard Perez, Marburn Stores, Inc., 225 Walker Street, Cliffside Park, NJ 07010; 201-943-0222, Fax 201-945-4242; Email: rrahme@marburn.com; Web site: www.marburn.com.

Grossman’s Bargain Outlet operates 56 locations throughout MA, NH, NY, OH and RI. The home improvement stores, offering building supplies and materials, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers.

Growth opportunities are sought throughout the existing markets, as well as CT, during the coming 18 months, with representation

by Horn Cos. The company prefers sites with an existing shell featuring minor modifications and prefers all site submittals to be sent via email. The company also requires 5,000 sq.ft. to 10,000 sq.ft. for an outdoor display area.

For more information, contact Tom Hornstein, Horn Cos, 3426 Burnet Avenue, Syracuse, NY 13206; Email: horncompanies@gmail.com.

Armstrong Garden Center operates 31 locations throughout CA. The stores, offering home and garden items, houseplants, garden accents, tools and supplies, pottery items 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.

For more information, contact Director of Real Estate, Armstrong Garden Center, 2200 East Route 66, Suite 200, Glendora, CA 917404673; 626-914-1091, Fax 626-335-0257; Email: eanderson@armstronggarden.com; Web site: www.armstronggarden.com. DM

Schewel Furniture Co. trades as Schewel Furniture at 50 locations throughout NC, VA and WV. The stores, offering small furniture items, appliances and electronics, occupy spaces of 12,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers.

Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 20,000 within five miles earning $20,000 as the average household income. Major competitors include Grand Home Furnishings.

For more information, contact Marc Schewel, Schewel Furniture Co., PO Box 6120, Lynchburg, VA 24505; 434-522-0200, Fax 434-522-0207.

Get listed in the dealmakers magazine… for free! we want to market your projects!

Submit your project information easily at www.dealmakers.net/FreePublicity.aspx

Providing America’s retailers with expert local knowledge in multiple regional markets.

• • • • • • • • • •

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(716) 691-9329

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The

Dealmakers

organization since 1971.

ONE OR MORE OF OUR OFFICES OR INDIVIDUALS ARE MEMBERS OF:

www.dealmakers.net

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Our tenant mix continues to attract attention from national chains, specialty stores, restaurants, and consumers. Give Wolfson Verrichia Group the opportunity to help you build your business by leasing a space in one of our existing or new shopping centers.

NEW LEASING OPPORTUNITIES

Two Unique lifestyle and Main Street Projects

Main Street at Granite Run

Main Street at Woolwich

Woolwic h WC Commons

A prime location to capture your share of an active market in Pennsylvania.

Main Street & Lifestyle Development Project

A Power Center

RETAIL

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RESIDENTIAL

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OFFICE

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HOTEL

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Crossings A Power Center

A premium location to capture your share of an untapped market in Southern New Jersey.

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WOOLWICH

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

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Daily Traffic Count: 65,000 VPD

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Lifestyle Center: RETAIL – 650,000 Sq. Ft. Power Center: RETAIL – 522,700 Sq. Ft. Power Center: RETAIL – 227,000 Sq. Ft. Located at the northeast corner of Routes 322, Kings Way, and NJ Turnpike Exit 2 interchange.

Daily Traffic Count: 52,000 VPD 14,000 New and Approved Housing Units

For informational purposes only. These tenants are representative of our retail centers and may be subject to change.

Please visit us at the ICSC Recon Show at booth S 324 S Street

4,432,000 sq. ft. Existing & 3,353,000 sq. ft. in Pre-Development Over

PENNSYLVANIA UNDER CONSTRUCTION ARAMINGO CROSSINGS Philadelphia � Philadelphia County, PA Aramingo Ave. & Butler Street

Anchors: � Lowe’s Home Improvement � Walmart Supercenter � Chick-fil-A Available: � 30,000 sq. ft. Retail Space � 1 Outparcel GLA: 329,408 sq. ft.

NEW

MACDADE MALL

NEW MAIDEN CREEK CROSSINGS

DRUMORE CROSSINGS

Kutztown � Berks County, PA Route 222 & Schaeffer Road

Anchors: � Weis Supermarket � Department Store � Home Improvement Store Available: � 90,000 sq. ft. Retail Space � 5 Outparcels GLA: 458,000 sq. ft.

Anchors: � Supermarket � Department Store � Home Improvement Store Available: � 90,000 sq. ft. Retail Space � 5 Outparcels GLA: 385,000 sq. ft.

EDDYSTONE CROSSINGS

MAIN STREET

Eddystone Borough � Delaware County, PA Chester Pike & Simpson Avenue

MORGANTOWN CROSSINGS

Holmes � Delaware County, PA MacDade Boulevard & Glenside Avenue

Anchor: � Acme Markets � K-Mart � Marshall’s Available: � 45,000 sq. ft. Retail Space GLA: 275,000 sq. ft.

Drumore Township � Lancaster County, PA Routes 372 & 272

AT

Caernarvon Township � Berks County, PA Route 23 & PA Turnpike

Anchors: � Walmart Supercenter � Lowe’s Home Improvement Available: Phase II � 12,240 sq. ft. Retail Space � 4 Outparcels GLA: 400,000 sq. ft.

UNDER CONSTRUCTION OXFORD COMMONS Lower Oxford Township � Chester County, PA Routes 10 & 1

Anchors: Walmart Supercenter Available: � 180,000 sq. ft. Retail Space � 2 Outparcels GLA: 400,000 sq. ft. �

EXPANSION RICHLAND CROSSINGS Quakertown Township � Bucks County, PA Routes 309 & 313

Anchors: � Walmart Supercenter � Regal Cinema Available: � 12,600 sq. ft. Retail Space � 66,000 sq. ft. Acme Sublease GLA: 370,000 sq. ft.

EXTON

West Whiteland Township � Chester County, PA Routes 100 & 30

Anchor: � Walmart � ShopRite Supermarket GLA: 231,000 sq. ft.

EXPANSION HILLTOWN CROSSINGS Hatfield Township � Bucks County, PA Route 309 & Orvilla Road

Anchors: � Walmart Supercenter Available: � 11,500 sq. ft. Retail Space � 6,000 sq. ft. Retail Space � 62,224 sq. ft. Retail Space Sublease GLA: 365,000 sq. ft.

NEW

EXPANSION

Anchors: � Babies R Us � Barnes & Noble � Bed, Bath and Beyond � Michael’s Arts & Crafts � Old Navy � Sam’s Club � Walmart Available: � 90,000 sq. ft. Retail Space – Phase II � 43,600 sq. ft. Retail Space – Phase I GLA: 800,000 sq. ft.

SHOPPES

PAVILION

Anchors: � Acme Markets Available: � 65,000 sq. ft. Retail Space GLA: 152,000 sq. ft.

WEST SADSBURY COMMONS West Sadsbury Township � Chester County, PA Routes 30 & 10

Anchors: � Walmart Supercenter � The Home Depot � Peebles Department Store Available: � 1,350 sq. ft. Retail Space GLA: 400,000 sq. ft.

LIMERICK COMMONS

Limerick Township � Montgomery County, PA Ridge Pike & Township Line Rd.

Available: � 160,000 sq. ft. Retail Space GLA: 160,000 sq.ft.

AT THE

Jenkintown � Montgomery County, PA Routes 611 & 73

WOLFSON VERRICHIA GROUP, INC. NEW JERSEY

AUDUBON COMMONS

AUDUBON CROSSINGS

Audubon Borough � Camden County, NJ Black Horse Pike & Nicholson Road

Audubon Borough � Camden County, NJ Black Horse Pike & Nicholson Road

Anchors: � Acme Markets � Applebee’s GLA: 90,000 sq. ft.

Meetinghouse Business Center

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Anchors: � Walmart � Staples Available: � 4,950 sq. ft. Retail Space � 4,000 sq. ft. Retail Space � 3,150 sq. ft. Retail Space GLA: 470,000 sq. ft.

120 W. Germantown Pike, Suite 120

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NEW

OAK TREE PLAZA

Egg Harbor Township � Atlantic County, NJ Fire Road & Black Horse Pike

Plymouth Meeting, PA 19462

Anchors: � Walmart Supercenter Available: � 30,000 sq. ft. Retail Space � 5 Outparcels GLA: 250,000 sq. ft.

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Tel: 610.277.8899 Fax: 610.277.8880

Supermarket Chains Expand Nationwide Hy-Vee, Inc. trades as Hy-Vee Food Stores at 232 locations throughout IA, IL, KS, MN, MO, NE, SD and WI. The supermarkets, also featuring a pharmacy, occupy spaces of 35,000 sq.ft. to 85,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years.

For more information, contact Dennis Ausenhus, Hy-Vee, Inc., 5820 Westown Parkway, West Des Moines, IA 50266; 515267-2837, Fax 515-267-2967; Web site: www.hy-vee.com.

Harold Friedman, Inc. trades as Friedman’s Freshmarkets and East Brady Freshmarket at six locations throughout PA. The supermarkets occupy spaces of various sizes in freestanding locations and strip centers. Plans call for one opening in PA during the coming 18 months. Typical leases run 15 years.

A vanilla shell or specific improvements are required.

For more information, contact Carole F. Bitter, Harold Friedman, Inc., 530 Fairground Hill, Butler, PA 16001; 724283-6030, Fax 724-287-5549; Web site: www.friedmansfreshmarkets.com.

Experience. Strength. Stability.

For more than 20 years, Cullinan Properties, Ltd. has been the premiere provider of commercial and mixeduse real estate services. We’ve built our reputation while building relationships. As the market has changed, we’ve adapted but our commitment to excellence remains the same.

Retail Office Medical Mixed-Use Multi Family

Our strength comes from experience. We turn real estate into reality, achieving dramatic results in today’s marketplace - successfully developing or redeveloping more than $600 million in real estate projects.

BUILD ON OUR REPUTATION. Find out what we can do for you at: cullinanproperties.com

VISIT US AT “S340 Q STREET” DURING ICSC RECON MAY 22 - 25, 2011

CHICAGO, IL | PEORIA, IL | ST. LOUIS, MO 630.286.0100 page 38

May 27, 2011

Dealmakers_CPL May 2011.indd 1

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Dealmakers

www.dealmakers.net

3/28/2011 4:55:36 PM

Delhaize Group trades as Food Lion at more than 1,300 locations throughout DE, FL, GA, KY, MD, NC, PA, SC, TN, VA and WV. The supermarkets occupy spaces of 28,000 sq.ft. to 38,000 sq.ft. in power and strip centers.

Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. A vanilla shell is required. Preferred cotenants include home improvement retailers. A land area of 3.5 to 4.5 acres is required.

For more information, contact Shawn Beichler, Delhaize Group, 2110 Executive Drive, Salisbury, NC 28147; 704-633-8250, Fax 704-645-2017; Email: realestate@foodlion.com; Web site: www.foodlion.com.

Save-A-Lot operates 1,200 locations nationwide. The supermarkets occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in freestanding locations and inline spaces of shopping centers.

Growth opportunities are sought throughout Broward and Palm Beach counties in FL during the coming 18 months, with representation by The Rotella Group. A land area of two acres is required for ground-up development. Preferred demographics include a population of 50,000 in primary trade areas and of 18,000 in rural areas earning less than $35,000 as the median household income. The company prefers to locate in areas with a high concentration of families, strong street visibility and an average daily traffic count of 15,000 vehicles.

For more information, contact Steve Miller, The Rotella Group, 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.com.

Nature’s Pavilion operates two locations in NJ and NY. The supermarkets, offering natural and organic items, as well as health care products, occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Plans call for one to three openings throughout northern NJ during the coming 18 months, with representation by Jeffery Realty, Inc. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include upscale retailers. Preferred demographics include a population of 50,000 within three miles earning $70,000 as the average household income. Major competitors include Trader Joe’s and Whole Foods Market.

For more information, contact Bill Farkas, Jeffery Realty, Inc., 116 Route 22 East, North Plainfield, NJ 07060; 908-6689600 Ext. 215, Fax 908-668-5225; Email: bfarkas@jefferyrealty.com; Web site: D M www.jefferyrealty.com.

Visit us at 2011 iCsC RECon — C187 H stREEt

welco represents‌

914-576-7500 | jwelkis@welcorealty.com For a complete listing of our retail properties in New York, New Jersey, Pennsylvania & Connecticut, please visit our website at www.welcorealty.com

Lease Signings Regency Centers (904-598-7000) negotiated a lease with Zoom Tan for 1,200 sq.ft. at Berkshire Commons, a 110,062 sq.ft. center located along Radio Road in Naples, FL. Publix anchors the center and cotenants include Walgreens, Great Clips, H&R Block and Starbucks. The company also negotiated a lease with Zoom Tan for 1,900 sq.ft. at Beneva Village Shops, a 141,532 sq.ft. neighborhood shopping center located along Clark Road in Sarasota, FL. Publix anchors the center and cotenants include Walgreens, Harbor Freight Tools, GNC, Great Clips, Subway and Papa John’s.

Sperry Van Ness – Miller Commercial Real Estate (410-543-2440) negotiated a lease with It’s Fashion Metro for 10,232 sq.ft. at Fruitland Plaza Shopping Center, located along Route 13 in Fruitland, MD. Food Lion anchors the center and cotenants include Aaron’s, Curves, Beauty World, Dollar General, Lucky Star and Night Hawk Martial Arts.

Renaud Consulting (703-404-2346) negotiated a lease with Jimmy John’s for 2,400 sq.ft. along Catoctin Circle in Leesburg, VA.

Ramco-Gershenson Properties Trust (800225-6765) negotiated a lease expansion with Bed Bath & Beyond at Hunters Square, located in Farmington Hills, MI. The expansion adds 10,154 sq.ft. of space for a total of 58,619 sq.ft. The company also negotiated a lease with buybuy Baby for 29,000 sq.ft. at the center. The company also negotiated a lease to relocate and expand Dunham’s Sports for 38,634 sq.ft. at Lakeshore Marketplace, located in Muskegon, MI. Branded Concept Development (212-2605210) negotiated a 15-year lease with Five Guys Famous Burgers and Fries for 1,500 sq.ft. along Seventh Avenue in Manhattan, NY. The company represented the tenant and Bernstein Real Estate represented the landlord, 245 7th Avenue, LLC, in the transaction.

Cushman & Wakefield (212-841-8500) negotiated leases with Texas de Brazil for 1,500 sq.ft. and with Roy Teeluck Salon for 2,500 sq.ft. at Southeast Financial Center, a two-building, multi-story 1.225-million sq.ft. mixed-use center located along South Biscayne Boulevard in downtown Miami, FL.

Goodman Real Estate Services Group, LLC (216-381-8200) negotiated a lease with Teresa’s Pizza for 1,400 sq.ft. at TurneyDunham Plaza in Maple Heights, OH. The company represented the tenant in the transaction. The company also negotiated a lease with Sprint for 1,825 sq.ft. of space along Detroit Avenue in Lakewood, OH. The company represented the landlord in the transaction.

Inland Real Estate Corp. (888-331-4732) negotiated leases with rue21 for 5,204 sq.ft. and with Sylvan Learning Center for 1,640 sq.ft. at Algonquin Commons, a 562,640 sq.ft. center located along South Randall Road in Algonquin, IL. Cotenants include Gordmans, Charming Charlie, Chico’s, Ann Taylor Loft, Coldwater Creek, White House|Black Market, Pottery Barn and Hollister.

Taylor Long Properties (804-864-9788) negotiated a three-year lease renewal with Celebration in the Reservoir for 3,000 sq.ft. at Woodlake Center in Chesterfield, VA. The company represented the landlord in the transaction. (continued on page forty-two)

Buckland Hills/Evergreen Walk Manchester/South Windsor, CT

DEVELOPMENT OPPORTUNITY Retail, Hotel, Medical Office, Apartments, Office Park

_______________________Evergreen Walk____________________________ 2 Approved Hotel Sites

400K SF Office Restaurant Pads Retail Sites from 25,000—100,000 SF Access to Buckland Hills Mall

N ER OV LIO TAIL IL L RE B $ 1NNUAALES A S IN ER ON V I O LL ERS I M P R 70 SHOPT YEA S LA page 40

May 27, 2011

The

Dealmakers

www.dealmakers.net

200 Residential Units

Lease Signings (continued from page forty)

Nassimi Realty (610-687-0807) signed a lease with Ollie’s Bargain Outlet for 34,000 sq.ft. at Knoxville Commons, a 134,000 sq.ft. center located off Interstate 640 in Knoxville, TN. OfficeMax and Southeastern Home Emporium anchor the center, with cotenants including National Tire & Battery, and the property is now 100% occupied.

The company was represented by Winbrook Management, LLC in the transaction.

Goldschmidt & Associates (914-7231616) negotiated a lease with Chase Bank for a 3,774 sq.ft. freestanding bank branch at Crossroads Shopping Center, located along Route 119 in Greenburgh, NY. The company represented the tenant and Heyman Properties represented the landlord, Crossroads Joint Venture, in the transaction.

NAI Issac (859-224-2000) negotiated a lease with Tire Discounters for a 7,488 sq.ft. freestanding building located along Bypass Road in Winchester, KY. The company represented the landlord, Realty Income, and Acuity Commercial Group represented the tenant in the transaction.

page 42

May 27, 2011

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Prudential Douglas Elliman Retail (800-3554626) negotiated a lease with Piero Guidi for 3,600 sq.ft. of space along West Broadway between Prince Street and Spring Street in Manhattan, NY. The company represented both the tenant and the landlord in the transaction. The company also negotiated a lease with Sunshine Day Care for 5,000 sq.ft. along Fifth Avenue between 111th Street and 112th Street in Manhattan, NY. The company represented the landlord in the transaction.

The Shopping Center Group (256-534-7555) negotiated a lease with Kohl’s for a 64,000 sq.ft. freestanding building at the intersection of Ledges Drive and Carl T. Jones Drive in southeast Huntsville, AL. The company represented the landlord, RBJ Signature Holdings, LLC, and UCR Dallas represented the tenant in the transaction.

Adler Realty Investments, Inc. (818-8842200) signed a lease with StoneGround Baking Co. for 5,000 sq.ft. at The Shops at Oak Creek, a 35,000 sq.ft. center located along Canwood Street in Agoura Hills, CA. The center is anchored by Trader Joe’s and cotenants include Panda Express, The Habit and Verizon Wireless.

Dealmakers

www.dealmakers.net

Gumberg Asset Management Corp. (954537-2700) negotiated leases with Yankee Candle, Aeropostale and Jump A Roos for a total of 16,000 sq.ft. at Southland Mall, a onemillion sq.ft. center located at the intersection of U.S. Highway 1 and Southwest 205th Street in Miami-Dade County, FL. Cotenants at the center include Macy’s, Sears, JCPenney, T.J. Maxx, Old Navy, Starbucks and Regal Cinemas.

Tulepan Management and Development, LLC (954-603-0455) negotiated a 10-year lease with IHOP for a 3,500 sq.ft. outlot at Catalina Centre, located at the intersection of Congress Avenue and Gateway Boulevard in Boynton Beach, FL. Cotenants at the center include Marshalls, 24 Hour Fitness and Florida Career College. The company represented the landlord and Behar Real Estate represented the tenant in the transaction.

Grubb & Ellis (210-828-5050) negotiated a lease with Cool Café – Mediterranean Cuisine & Bar for space at Stone Oak Crossing, located along Stone Oak Parkway in San Antonio, TX. Cotenants at the center include Citibank, Copa Wine Bar, Sonic D M Drive-In and Chicago Bar.

pro M fes ee (Bo si t w C o to th # onf onal ith dis S ere s a DJ cu 28 nc t th M R ss 9 e i e rea R S n L ICS ealty l e t. i as C R sta n t Ve E te he gas Con op So po ut rtu h H nit al ies l) .

today’s real Estate Market Demands smarter strategies.

At DJM Realty, we develop comprehensive strategies using state of the art operating models, forecasting and benchmarking. In addition, DJM helps our clients grow, reduces their leasehold exposure by disposing of under-performing leases and fee-owned real estate and renegotiating occupancy costs. We also put our own capital to work to create mutually beneficial partnerships.

FACiLitAtinG Growth

CuttinG oCCuPAnCy Costs

ELiMinAtinG surPLus rEAL EstAtE

w w w. d j m r e a l t y. c o m Andy Graiser agraiser@djmrealty.com

Emilio Amendola eamendola@djmrealty.com

Mike Matlat mmatlat@djmrealty.com

631.752.1100

Peter Lynch plynch@djmrealty.com

Joe DiMitrio joe@djmrealty.com

rEsoLvinG wArEhousE & oFFiCE issuEs

Michael Jerbich mjerbich@djmrealty.com

Andy Couch acouch@djmrealty.com

James Avallone javallone@djmrealty.com

Fred Burstein fburstein@djmrealty.com

Real Estate Professionals Making the News

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 Plaza, Brian Greene, 703-442-4300

Main Street Market, Sam Pan, 301-657-7352

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

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

Hilltop Plaza – Newly Renovated!

Bruce I. Levine, 410-486-0800 x116

Free State, Rich Abruscato, 301-998-8188

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 44

May 27, 2011

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Dealmakers

www.dealmakers.net

DLC Management Corp.

(914-6313131) hired Fred Battisti, Jr. as a leasing representative out of the company’s Tarrytown, NY headquarters. He will be responsible for leasing properties throughout the midwestern and northeastern regions of the U.S., with an initial focus on the OH area. Prior to joining the company, he served as a commercial leasing representative at The Cafaro Co. The company also hired Adam Greenberg as a leasing representative out of the company’s Towson, MD office. He is responsible for handling a portion of the company’s portfolio of shopping centers in the mid-Atlantic region of the U.S. Prior to joining the company, he served as a broker at The Velmeir Cos. The company is a private retail real estate firm offering acquisition, new development, redevelopment, leasing and management services, and leases a portfolio of 124 open-air shopping centers totaling more than 16.8 million sq.ft. throughout 33 states nationwide.

Coyote Management, LP (972-248-9375) hired Carolyn Snider as a senior leasing specialist. Prior to joining the company, she served as a leasing representative at The MGHerring Group, an account executive at Exhibit Group/Glitspur and national account manager at The Mills Corp. The company specializes in the acquisition, management and value enhancement of regional malls and outdoor lifestyle shopping centers nationwide.

S.L. Nusbaum Realty Co. (757-627-8611) named Tommy Drew as vice president, sales and development and Rob Stanton as senior vice president, director of shopping center management. The company manages, develops and offers brokerage services to shopping centers, multifamily projects and office and industrial properties throughout FL, NC, SC and VA, and manages a 5.3-million sq.ft. retail portfolio. illi Commercial Real Estate (818-5012212) hired Adam Cather as an associate.

He specializes in tenant and landlord representation throughout the Santa Clarita Valley and North Los Angeles areas of CA. Prior to joining the company, Cather held real estate sales and leasing positions at Keller Williams and Equity Residential.

NAI Capital (949-468-2396) hired Thomas M. Tway as a senior associate at the company’s Orange County, CA office. He will specialize in retail landlord and tenant representation, as well as investments, throughout southern CA. (continued on page forty-six)

A Great Pre-school Education Creates Endless Possibilities

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.

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

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

Submission Requirements: Building Type: ................................ Free Standing Out Parcel

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

Size: .........................................................10,000 Square Feet +/-

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

Demographics: ........... $75,000+ Average Household Income

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

Children under age 6: ......... 5,000+ within a 5 mile radius

Become a part of one of the fastest growing child care operators in the country!

1-888-865-7775 TheLearningExperience.com Come visit us at our booth #S495 P Street

Real Estate Professionals Making the News (continued from page forty-four)

ING Clarion Partners (212-883-2500), with Lightyear Capital, acquired the U.S.based private market real estate investment management business of ING Group. Steve Furnary, chairman and CEO of the company, will continue in his role and also serve on the board of directors for the firm, along with Don Marron, chairman of Lightyear Capital, who will serve as lead director. The company also promoted Timothy Guy, Dean B. Rostovsky and Onay S.P. Payne to directors. Prior to the promotion, all three served as senior vice presidents. The company manages $22 billion in private equity real estate.

GE Capital (203-373-2211) named Mark Begor president and CEO of GE Capital Real Estate, a diversified commercial real estate finance and investment firm. Prior to the appointment, Begor served as president and CEO for the company’s U.S. Consumer Retail Finance division, where he will be replaced

by Margaret Keane. The company provides financing for real estate properties as well as corporate acquisitions, refinancings and restructurings and the acquisition, leasing and distribution of equipment.

JBG Rosenfeld Retail (301-657-0700) hired Robin Mosle as executive vice president of

n!

Co RE C 10 S C 78 tI s a th s u o sit Bo Vi

northwest Village shopping center NE CORNER OF GILMER RD (HWy 300) AND LOOP 281

available space: 36,000 sF 1729 W Loop 281 48,000 sF 1733 W Loop 281 84,000 sF Two spaces combined Demographics (15 min drive) Population 90,617 Households 34,650 Avg HH Income $62,265 Employees 56,395 Establishments 4,967

traffic co of 52,9 unt 64 cpd

Scan this QR code with your mobile device for more information page 46

May 27, 2011

Susan Mazarakes-Gill, CEcD 903-753-7878 | 800-952-2613 www.LongviewUSA.com

The

Dealmakers

tenants in shopping center Dollar Tree Wing Stop Cuts Galore Metro PCS Fast Signs Ross Dress for Less Excel Finance Co. Rent-A-Center Big 5 Tire & Auto Capital One Bank Walgreen’s Taylor Medical Center www.dealmakers.net

development and leasing. Prior to joining the company, she served as an executive vice president at Samuels & Associates, LLC. The company is a retail leasing, development and management firm based in Chevy Chase, MD. Berger Commercial Realty Corp. (954-3580900) hired Alisha Eutsey as a senior property manager. Prior to joining the company, she served at CB Richard Ellis. The company is a full-service commercial real estate firm offering brokerage, tenant and buyer representation and property management services, as well as agency and project leasing, capital advisory and investment sales, construction and project management and retail services.

Sperry Van Ness International (410543-2440) appointed Brent Miller to the company’s Corporate Advisory Board. He serves as managing director for Sperry Van Ness – Miller Commercial Real Estate, a firm offering advisory, brokerage, consultation and leasing services throughout DE and MD, as well as property and asset management services in DE, MD and VA. Cushman & Wakefield (239-489-3600) hired Mike Ciccarello as associate director at the company’s alliance office, Commercial Property Southwest Florida. He will specialize in client sales and leasing for retail, office and industrial properties. The office provides advisory and management services for landlords, tenants, developers and investors throughout FL. The Goldstein Group (201-703-9700) promoted Curtis Nassau to vice president.

He focuses on franchise expansion for Smashburger, Hand & Stone Spas, LA Boxing and Planet Fitness throughout NJ, as well as the sale of retail properties. The company is a full-service commercial real estate brokerage firm specializing in owner and retailer representation, investment sales and management services.

Pine Tree Commercial Realty (847-7350600) named Thomas Seurynck as vice president of acquisitions and due diligence.

Prior to joining the company, he served as a senior investment associate and credit/ underwriting manager for Wrightwood Capital, as well as an accounting manager for Pritzker Realty Group, LP and as a tax manager for Ernst and Young. The company is a full-service real estate development firm based in Northbrook, IL with projects nationwide. DM

Looking for Acquisitions • Leasing Great Sites

LEASING

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

For leasing, contact: Debbie Lewis FL, GA, SC, TN (919) 518-2000 dlewis@rivercrestrealty.com Nicholas Schuman-Werb DE, MD, NC, VA, WV (919) 518-2000 nschuman@rivercrestrealty.com Helen Vitaliano New York Locations (718) 980-7684 helenvitaliano@si.rr.com

Visit us at ICSC RECon Booth #S5412

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

STATE

CENTEr

AVAILAbLE SF

NEW YOrk Staten Island Staten Island

Coral Island Shopping Center Tottenville Square

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 1,200 – 3,497 SF 1,396 SF

MArYLAND Landover Pocomoke City Fruitland

Landover Crossing East Town Plaza Southtowne Commons

1,999 – 97,421 SF 1,485 SF Fully Leased

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 & 1,967 SF 1,201 – 2,007 SF 1,200 – 3,971 SF 558 – 7,553 SF 906 & 3,041 SF 2,531 – 11,488 SF 3,016 SF 2,508 – 8,016 SF 1,067 – 4,017 SF 1,407 SF 1,998 & 4,007 SF 1,514 & 3,023 SF 3,207 SF 1,168 – 8,537 SF 1,117 & 18,294 SF 2,769 – 34,912 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 & 3,009 SF 6,176 SF 1,746 SF 2,003 & 3,213 SF 1,997 SF 1,020 – 10,453 SF 1,482 – 4,030 SF 4,007 SF 1,512 – 12,579 SF 1,205 – 3,007 SF 1,500 – 5,974 SF Fully Leased 792 – 2,808 SF 1,122 – 32,259 SF 1,552 – 4,128 SF 4,023 SF

TENNESSEE Cookeville

Cumberland Station

VIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston Wytheville

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

WEST VIrGINIA Princeton

East River Plaza

945 – 5,007 SF 1,164 – 8,002 SF 2,992 SF

Fully Leased 2,081 & 30,012 SF Fully Leased 1,202 & 3,600 SF 3,010 SF 2,776 SF 1,202 – 5,013 SF 2,396 & 11,756 SF 24,560 SF

Buyers and Sellers (continued from page thirty-two)

Brauvin Real Estate is selling two Jiffy Lube locations along Park Street in Ayer, MA and along Grafton Street in Worcester, MA. Both tenants are bound to NNN leases slated to expire during November 2025 featuring 10% rent escalations during 2015 and 2020. The asking price is $1.246 million with a Cap rate of 9% for each property.

For more information, contact John Siragusa, Brauvin Real Estate, 205 North Michigan Avenue, Suite 1900, Chicago, IL 60601; 312-759-7687; Email: jsiragusa@brauvin.com; Web site: www.brauvin.com.

Bosshardt Realty Services, Inc. is selling a 70,000 sq.ft. center situated on 21 acres in Gainesville, FL. Area retail includes a future Walmart Supercenter. The asking price is $7.5 million. The company is also selling a divisible 40-acre parcel located in Gainesville, FL. The asking price is $8.025 million.

For more information, contact John Thomas, Bosshardt Realty Services, Inc.; 352-538-4453; Email: johnrthomas3@gmail.com.

PF Properties is selling a 3.59-acre parcel located at the intersection of Loop 1604 and Bandera Road in Helotes, TX. The average daily traffic count is 29,000 vehicles.

For more information, contact Richard Simonite, PF Properties, 8610 North New Braunfels Avenue, Suite 205, San Antonio, TX 78217; 210-394-5007; Email: rsimonite@pfproperties.net.

CC Realty Advisors, Ltd. is selling a 60,320 sq.ft. center located in Mansfield, OH. Area draws include Mid-Ohio Educational Center.

For more information, contact Frank A. Banko, CC Realty Advisors, Ltd., 701 Technology Drive, Suite 210, Canonsburg, PA 15317; 724-746-3116, Fax 724-7463153; Email: fbanko@ccrealtyadvisors.com; Web site: www.ccrealtyadvisors.com.

Grubb & Ellis Co. is selling a 4.4-acre parcel located at the intersection of South W.W. White Road and Southcross Boulevard in San Antonio, TX. The average daily traffic count is 23,276 vehicles. The asking price is $370,000.

For more information, contact Robbie Casey or Cynthia Ellison, Grubb & Ellis Co., 40 Northeast Loop 410, Suite 607, San Antonio, TX 78216; 210-

804-4860/4847, Fax 210-828-7860; Emails: robbie-casey@grubb-ellis.com and cynthia.ellison@grubb-ellis.com; Web site: www.grubb-ellis.com.

Inland Real Estate Brokerage & Auctions, Inc. is selling Loves Park Center, a 64,000 sq.ft. center located in Loves Park, IL. The center is 100% occupied with tenants including Walgreens, Aldi and Harbor Freight Tools.

The asking price reflects a Cap rate of 8%.

For more information, contact Eric Spiess or Paul Montes, Inland Real Estate Brokerage & Auctions, Inc.; 630-990-8658 or 630954-4446; Emails: spiess@inlandgroup.com and montes@inlandgroup.com; Web site: www.inlandgroup.com.

Reisenfeld & Co. is selling a 4.93-acre parcel located along South Chillicothe Road in Aurora, OH. Area retail includes Barrington Town Square, featuring Heinen’s Cinemark 10 and CVS. For more information, contact Eric J. Rivchun, Reisenfeld & Co., 3659 South Green Road, Suite 217, Beachwood, OH 44122; 216-765-8080 Ext. 233, Fax 216765-8843; Email: ejrivchun@reisenfeld.com; D Web site: www.reisenfeld.com. M

Why the heck would you locate your business in Summit, New Jersey…

SUMMIT is an affluent community with tree lined downtown streets that is a hub of activity with superior demographics.

Summit has…..

6 square miles 60,000 + population* +28,000 daytime employment* Average Household Income Over $150,000 *within a 3 mile radius

National businesses – Bang & Oulfsen CVS Jos. A. Banks lululemon athletica Red Mango Staples Starbucks

Check us out and join the ever growing number of national and local businesses!

We’ll help you find the right place to locate your business.

• Major transportation hub to NYC

• Vibrant downtown with over 200 stores, businesses, restaurants • 2nd+ story professional office space throughout downtown • Ample Customer and Employee Parking If you are looking to open a business or relocate your business, call us and we’ll help you get started!

Summit Downtown, Inc. • 908.277.6100 • office@summitdowntown.org • www.summitdowntown.org page 48

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Right Location - Right Price make your next retail location...

Westwood Plaza

of small shop space

• Recently renovated

510,000 sq. ft. power center

scan me!

• Pad site available • 1,200 - 12,250 sq. ft.

or go to worldgroup.delivr.com/15lrn

120th & West Center Road

• Average household income of over $81,500 within 5 miles

• Located on a major retail corridor - 3 million sq. ft. of retail property within 3 miles

Montclair on Center 132nd & West Center Road

• 22,000 - 44,000 sq. ft. of of small shop space

• Recently renovated

scan me!

• 1,200 - 1,600 sq. ft.

or go to worldgroup.delivr.com/15lqt

anchor space available

240,000 sq. ft. power center

• Population of over 240,000 within 5 miles • Excellent location - over 70,000 cars per day

Benson Park Plaza 72nd & Ames/Military Avenue

• 2,089 - 5,862 sq. ft.

of small shop space

• North Central Omaha’s

premier 400,000 sq. ft. power center

• Underserved market with population of over 231,000 within 5 miles

• Average household income over $53,400

Seldin Properties www.seldin.com

780 North 114th Street • Omaha, Nebraska • 402.697.8899 • www.worldgroupllc.com

worldgroup.delivr.com/15lrt

build-to-suit or inline space

scan me! or go to

• 43,000 sq. ft. lot for sale,

Apparel Chains Expand Nationwide (continued from page one)

BMR Holdings, LLC trades as Patchington at 25 locations throughout FL. The stores, offering women’s apparel, occupy spaces of 1,500 sq.ft. in specialty centers. Growth opportunities are sought throughout the existing market during the coming 18 months.

Typical leases run five years.

For more information, contact Maureen Jack, BMR Holdings, LLC, 13920 58th Street North, Suite 1006, Clearwater, FL 33760; 727-536-2195 Ext. 226, Fax 727-535-0296.

Sports Fan/Legends, Inc. trades as Sports Fan and Legends at 11 locations throughout DE, MD, NC and VA. The stores, offering activewear, athletic footwear and related merchandise, occupy spaces of 1,200 sq.ft. to 4,000 sq.ft. in malls and lifestyle and specialty centers. Growth opportunities are sought throughout MD, NC and VA during the coming 18 months. Typical leases run five years. Major competitors include Foot Action, Foot Locker and Downtown Locker Room.

For more information, contact Glenn Ferraro, Sports Fan/Legends, Inc., 11838 Canon Boulevard, Newport News, VA 23606; 757-873-3877, Fax 757-873-4787; Email: glenn@legends-sports.com.

Reitmans (Canada) Ltd. trades as Reitmans, RW & Co., Smart-Set, Thyme Maternity, Penningtons, Addition-Elle and Cassis at 980 locations throughout Canada. The stores, offering ready-to-wear casual and dress apparel and accessories, occupy spaces of 1,500 sq.ft. to 8,000 sq.ft. in freestanding locations, malls and power and strip centers.

Growth opportunities are sought throughout the existing market during the coming 18 months. The Penningtons concept prefers to locate in strip centers; The Reitmans and Addition-Elle concepts prefer to locate in malls and strip and power centers, as well as freestanding locations; Thyme Maternity prefers to locate in malls and power and strip centers and RW & Co., Smart Set and Cassis prefer locations in malls.

For more information, contact Saul Schipper, Reitmans (Canada) Ltd., 250 Sauve Street West, Montreal, Quebec, Canada, H3L 1Z2; 514-385-2620, Fax 514-385-2672; Web site: www.reitmans.ca.

A&E Stores, Inc. trades as Pay/Half, Strawberry and Bolton’s at 100 locations throughout CT, IL, MA, MD, NJ, NY, PA and RI. Bolton’s offers discounted misses’ apparel and prefers to occupy spaces of 1,800 sq.ft.

to 3,000 sq.ft., Strawberry offers discounted junior’s apparel and prefers to occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. and Pay/Half offers discounted family apparel and prefers to occupy spaces of 7,500 sq.ft. to 15,000 sq.ft. in specialty, strip and value centers, as well as urban/downtown areas. Plans call for 10 to 15 openings throughout the existing markets during the coming 18 months.

Typical leases run 10 years with options.

Specific improvements are required.

For more information, contact Bruce Kleiman, A&E Stores, Inc., 1000 Huyler Street, Teterboro, NJ 07608; 201-3930600, Fax 201-393-0798; Web site: www.payhalfstores.com.

Black Tie Tuxes, Inc. trades as Black Tie Tuxes at 11 locations throughout IL. The stores, offering men’s formal wear, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in strip centers. Growth opportunities are sought throughout Chicago, IL during the coming 18 months.

For more information, contact Ken Blank, Black Tie Tuxes, Inc., 5433 West 95th Street, Oak Lawn, IL 60453; 708349-9580, Fax 708-349-9570; Web site: D www.blacktietuxes.com. M

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

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Poughkeepsie Tuckahoe Peekskill

Profile – DLC Management Corp. (continued from page eight)

faster pace,” Taub said. “The technology and the models are proving themselves; they’ve demonstrated, even in their infancy, that social media is something you either need to acknowledge and become a part of, or let it pass by you and be late to the game.”

Taub moderated a panel on social media at the ICSC’s Open-Air Conference this year, which featured a presentation on how the medium can be effective in the retail real estate industry and how it can best be used to promote specific types of shopping centers. For example, Taub cited a promotion held last year at the Mall of America, wherein FourSquare users who most frequently visited the mall were allocated prime parking spaces during the holiday season.

“They only have a finite amount of parking spaces, yet they have hundreds of thousands of people visit them during the holidays,” he said. “So they have a commodity, and they’re rewarding people who frequent the property on a regular basis.” While this promotion works well for a large, nationally-recognized center like the Mall of America, the typical open-air, supermarket-anchored shopping center needs to use a different approach – the incentive that engaged Twitter followers with Mall of America would have little-to-no impact at a center where parking is at less of a premium. “Your physical layout, where you’re located, who your tenants are — they all will have an impact on what type of social media program will work. It’s just about being creative; no different than doing an in-person marketing campaign,” Taub said.

With this in mind, the company established a social media presence on Facebook and Twitter specifically for an individual shopping center, using Levittown Town Center, a 468,675 sq.ft. redevelopment project completed last year at the intersection of Route 13 and Levittown Parkway in Levittown, PA, as a prototype. “Our goal is to have 100% alignment with our retailers, to promote additional traffic and sales at our centers and at our stores,” Taub said.

The two types of social media presence – corporate and center-specific – allow DLC to reach different online audiences in appropriate and useful ways. Their corporate pages are devoted to promoting projects and noteworthy events within the company and are geared toward vendors, retailers, tenant reps and others in the retail real estate industry. The pages for Levittown Town Center, on the other hand, feature content geared toward customers who frequent the property, providing them not only with news about the center itself (such as a new page 52

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tenant coming soon) but also information on promotions and events being held by tenants.

For example, when Sleepy’s, a tenant at the Levittown center, ran a promotion tied to daylight savings time, the company posted about the event on the center’s Facebook and Twitter pages. Also, last Halloween season, the company hosted a costume contest on the center’s Facebook page, with the winner receiving a $100 gift card to the retailer of their choice at the property. “We got people from all walks of life sending us pictures of their kids or themselves in costumes,” Taub said. “It enabled us to connect with the community, and helped our retailers to participate in showing their commitment to the community and to create goodwill.”

DLC plans to expand its social media outreach on both a business-to-business and business-to-consumer level. Pages devoted to other centers in the portfolio are likely in the future, as well as a Twitter account devoted to DLC in the Atlanta, GA market in order to provide tenant representatives in the area with information about the company’s properties, such as when new spaces become available. Taub said that he would advise those who have yet to get involved in social media to get on board – but not to expect a huge response right away. “You can’t expect your first post to generate five leases for your reps and $100,000 sales in a month,” he said. “But there’s nothing to be afraid of about it; it’s a learning experience, and the only way you’re going to learn is by doing.

By not participating, you are missing out on potential opportunities – not because of the technology, but the technology does give you the opportunity to make them happen.”

He did add, however, that engaging too much can also be a bad thing: “When I signed up to follow CNBC on Twitter, I got a tweet every 30 seconds. Within the first hour, I was done. I don’t need to know about every micro-movement! There’s a balance, and you find it. But we’re all in school together, and there’s really no great mistake that you can make; you will learn what’s working and what’s not for yourself, your properties, your consumers and your retailers. The only wrong way to do it is to not do it.”

For more information, contact Adam Ifshin or Daniel Taub, DLC Management Corp., 580 White Plains Road, Tarrytown, NY 10591; 866-352-6468 or 914-631-3131, Fax 914631-6533; Web sites: www.dlcmgmt.com, www.facebook.com/dlcmanagement, www.twitter.com/dlcmanagement, www.facebook.com/levittowntowncenter and http://twitter.com/levittowntwnctr. DM

Lead Sheet Aamco Transmissions, Inc. dba Aamco Transmissions Tim Farley 201 Gibraltar Road, Suite 150 Horsham, PA 19044 800-292-8500 Web site: www.aamco.com

Automotive The 1,100-unit chain operates locations nationwide. The automotive service centers occupy spaces of 3,500 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. The company is franchising, prefers to locate in areas with high traffic counts, and prefers site submittals to be sent through the Web site.

Advance Auto Marvin Hartman c/o Pliskin Realty & Development 179 Westbury Avenue Carle Place, NY 11514 516-997-0100, Fax 516-997-7225 Email: mhartman@pliskinrealty.com Web site: www.pliskinrealty.com

Automotive The 3,563-unit chain operates locations nationwide throughout 39 states, as well as in Puerto Rico and the Virgin Islands. The stores, offering automotive parts, batteries, accessories and maintenance items, occupy spaces of 6,000 sq.ft. to 6,200 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout New York, Long Island, Westchester and the Lower Hudson Valley area of NY during the coming 18 months, with representation by Pliskin Realty & Development. The company prefers to locate in sites with high visibility and ample parking.

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

Automotive The 4,700-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 Los Angeles, Orange, San Diego and Ventura counties); CO, ID, MT, ND, NE, NM, NV, OK, OR, SD, TX (excluding the Houston and Corpus Christi metropolitan areas), UT, WA, WY and Puerto Rico, contact Brad Denzin; 901-495-8904; Email: brad.denzin@autozone.com. For more information regarding expansion throughout AL (Birmingham and all areas south thereof only), AR, DE, FL (the Tallahassee metropolitan area and all areas west thereof only), IA, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, OH, western PA, TN (the Memphis metropolitan area only), TX (Houston and Corpus Christi metropolitan areas only), VA, WI, WV and Washington, DC, contact Kendrick Hickman; 901-495-8921; Email: kendrick.hickman@autozone.com.

For more information regarding expansion throughout AL (north of Birmingham only), CA (Los Angeles, Orange, San Diego and Ventura counties only), CT, FL (excluding the Tallahassee metropolitan area and west thereof), GA, MA, ME, NC, NH, NJ, NY, eastern PA, RI, SC, TN (excluding the Memphis metropolitan area) 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; 011-52-81-81557207, Fax 011-52-81-8155-7245; Email: hector.gomez@autozone.com.

Tuffy Associates Corp. dba Tuffy Auto Service Center and Car X David Schak 7150 Granite Circle Toledo, OH 43617 419-865-6900, Fax 419-865-7343 Email: dave@tuffy.com Web site: www.tuffy.com

Automotive The 475-unit chain operates locations throughout AL, FL, IA, IL, IN, MI, NC, ND, NE, NJ, OH, SC, SD, VA and WI. The automotive service centers occupy spaces of 3,900 sq.ft. to 5,800 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. Specific improvements are required. Preferred cotenants include Kohl’s, Target and local grocery stores. Preferred demographics include a population of 35,000 within three miles earning $60,000 as the average household income. Major competitors include Midas, Firestone and Tire Plus. A land area of 0.75 acres is required for freestanding locations. The company is franchising and is site-selective.

Goddard Systems, Inc. dba Goddard School Rob Skibjak 1016 West 9th Avenue, King of Prussia, PA 19406 610-265-8510 Ext. 401, Fax 610-205-1800 Email: realestate@goddardsystems.com Web site: www.goddardschool.com

Child Care The 371-unit chain operates locations nationwide. The child care learning centers occupy spaces of 8,000 sq.ft. in freestanding locations and endcaps of shopping centers. Plans call for more than 50 openings throughout the existing market during the coming 18 months. A land area of one to 1.5 acres is required for freestanding locations. The company prefers to locate near elementary schools, medical offices and upscale residential areas. The company is franchising and will also consider build-to-suits.

T.L.E. Holding Corp. dba The Learning Experience Nick Vanella or Essie Kronstat 4855 Technology Way, Suite 700 Boca Raton, FL 33431 561-886-6400 Ext. 273/294, Fax 561-886-6433 Emails: nvanella@tlecorp.com and ekronstat@tlecorp.com Web site: www.thelearningexperience.com

Child Care The 92-unit chain operates locations throughout AZ, CA, CO, CT, FL, GA, MA, MI, MN, NC, NJ, NY, PA, TX and VA. The child care learning centers occupy spaces of 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout AZ, CO, CT, FL, GA, IL, MA, MN, NC, NJ, NY, OH, PA, TX and VA during the coming 18 months. Typical leases run 15 years with at least two, five-year options. A turnkey or build-to-suit is preferred. The company prefers to locate in highly visible areas. Preferred demographics include a population of 75,000 within five miles earning $75,000 as the average household income. The company prefers sites with an average daily traffic count of 15,000 vehicles. The company is franchising. For information regarding expansion throughout FL, IL, MA, NC, NJ, NY and PA, contact Nick Vanella, and for information regarding expansion throughout AZ, CO, CT, GA, MN, NJ, OH, TX and VA, contact Essie Kronstat. www.dealmakers.net

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Lead Sheet 7-Eleven, Inc. dba 7-Eleven Real Estate Department One Arts Plaza, 1722 Routh Street, Suite 1000 Dallas, TX 75201 972-828-0711 Web site: www.7-eleven.com

Convenience The 6,618-unit chain operates locations nationwide and throughout 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 strip centers. Growth opportunities are sought throughout Los Angeles, San Diego and the San Francisco Bay area of CA; Denver and Colorado Springs, CO; Orlando, Tampa, Miami and southwestern FL; Chicago, IL; Boston, MA; Baltimore, MD; Detroit, MI; NJ; the New York, NY metropolitan area; Las Vegas, NV; Portland, OR; Philadelphia, PA; Austin and Dallas/Ft.Worth, TX; Salt Lake City, UT; the Hampton Roads area of VA; Seattle, WA, and Washington, DC, as well as in Calgary, Edmonton, Toronto and Vancouver, Canada, during the coming 18 months.

BP West Coast Products, LLC dba Arco and Ampm Mike Hager 4630 Village Green Drive El Dorado Hills, CA 95762 916-792-3142, Fax 916-941-2453 Email: michael.hager@bp.com Web site: www.bpfranchising.com

Convenience The 900-unit chain operates locations throughout AZ, CA, NV, OR and WA. The convenience stores, with gasoline facilities, prefer to locate in freestanding buildings and pad sites situated on a land area of 30,000 sq.ft. to 50,000 sq.ft. Plans call for 25 to 40 openings throughout the existing markets during the coming 18 months. Preferred cotenants include quick-service restaurants. Preferred demographics include a population of 30,000 within two miles earning $50,000 to $80,000 as the average household income. Major competitors include Chevron and Extra Mile. The company is franchising.

Petroleum Marketing Group, Inc./ E&C Enterprises, Inc. dba Shell, Exxon/Mobile, Sunoco, Gulf, Citgo, Quest and BP Jerry Dever 12680 Darby Brook Court Woodbridge, VA 22192-2457 703-201-5987, Fax 410-355-0458 Email: jdever@petromg.com

Convenience The 500-unit chain operates locations throughout MD, VA and Washington, DC. The convenience stores, with gasoline facilities, occupy freestanding locations situated on a land area of one to 1.5 acres. Growth opportunities are sought throughout the mid-Atlantic region of the U.S. during the coming 18 months. The company will also consider acquiring secondgeneration spaces.

Bed Bath & Beyond, Inc. dba Harmon Face Values Phil Oney 650 Liberty Avenue Union, NJ 07083 908-855-4654 Email: philip.oney@bedbath.com

Cosmetics The 46-unit chain operates locations throughout CT, FL, NJ and NY. The stores, offering discounted cosmetics, health and beauty care products, occupy spaces of 5,500 sq.ft. to 6,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout Fairfield County, CT; the New York, NY metropolitan area; NJ; New England and southeastern PA during the coming 18 months.

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 389-unit chain operates locations nationwide throughout 40 states. The stores, offering cosmetics and health and skin care products, as well as featuring a salon, occupy spaces of 10,000 sq.ft. in freestanding locations and inline spaces of regional power centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by R.J. Brunelli & Co., Inc.

Bealls, Inc. dba Bealls Britta Eriksson 1806 38th Avenue East Bradenton, FL 34208 941-744-4638, Fax 941-747-9435 Email: beriksson@beallsinc.com Web site: www.beallsflorida.com

Department Store The 80-unit chain operates locations throughout FL. The department stores, offering family apparel and footwear, as well as housewares and gift items, occupy spaces of 55,000 sq.ft. to 70,000 sq.ft. in malls and lifestyle, power and strip centers. Plans call for two to three openings throughout the existing market during the coming 18 months. Typical leases run 10 to 15 years with options. Preferred cotenants include grocery, electronics, home improvement, discount and sporting goods stores. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income. Major competitors include other department stores. A land area of more than eight acres is required for freestanding locations.

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Lead Sheet Express Stores, Inc. dba T-Mobile Jack Kahn c/o Jack Kahn Realty Services Corp.

33 Clinton Road, Suite 203 West Caldwell, NJ 07006 973-808-8757, Fax 973-808-9758 Email: jkbroker@aol.com

Electronics The 25-unit chain operates locations throughout central and southern NJ and eastern PA. The electronics stores, offering cell phones and related services and items, occupy spaces of 800 sq.ft. to 2,500 sq.ft. in freestanding locations and lifestyle, power and neighborhood shopping centers. Growth opportunities are sought throughout the existing markets, in addition to Washington, DC, during the coming 18 months, with representation by Jack Kahn Realty Services Corp. Typical leases run five years with options. A vanilla shell is required.

Major competitors include AT&T Mobility, Verizon Wireless, Sprint and Cricket.

Verizon Wireless Rob Samtmann or Brian Wherty c/o Equity Retail Brokers 101 West Elm Street, Suite 370 Conshohocken, PA 19428 610-645-7700 Ext. 108/122, Fax 610-645-5454 Email: rsamtmann@equityretailbrokers.com Web site: www.equityretailbrokers.com

Electronics The 2,000-unit chain operates locations nationwide. The stores, offering cell phones and related services and accessories, occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in various types of real estate. Growth opportunities are sought throughout southern NJ and eastern PA during the coming 18 months, with representation by Equity Retail Brokers. For more information regarding expansion throughout southern NJ, contact Brian Wherty, and for more information regarding expansion throughout PA, contact Rob Samtmann.

Verve Health and Fitness Josh Weiner or John Marigliano c/o Renaud Consulting 8605 Westwood Center Drive, Suite 309 Vienna, VA 22182 571-765-4430/4423 Emails: jweiner@renaudconsulting.net and jmarigliano@renaudconsulting.net Web sites: www.renaudconsulting.net and www.vervehealthandfitness.com

Fitness The company operates one location in VA. The personal training gym prefers to occupy spaces of 8,000 sq.ft. to 14,000 sq.ft. in various types of sites. Growth opportunities are sought throughout Bethesda, MD; Reston and Tyson’s Corner, VA and northwestern Washington, DC during the coming 18 months, with representation by Renaud Consulting.

Sport Clips Blake Golom or Jim Creed c/o Fameco Real Estate, LP 633 West Germantown Pike, Suite 200 Plymouth Meeting, PA 19462 610-834-8000, Fax 610-834-1793 Web site: www.famecoretail.com

Hair The 700-unit chain operates locations nationwide. The men’s hair salons occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in various types of sites. Growth opportunities are sought throughout central and northern NJ and Philadelphia, PA during the coming 18 months, with representation by Fameco Real Estate, LP. Preferred cotenants include big box and national retailers.

Chiro One Wellness Centers Dean Vlahos c/o Newmark Knight Frank One East Wacker Drive, Suite 3500 Chicago, IL 60601 312-386-3140 Email: dvlahos@newmarkkf.com Web site: www.newmarkkf.com

Health The 45-unit chain operates locations throughout IL, KY and TX. The health and wellness centers occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in endcaps of lifestyle, mixed-use, power, specialty and strip centers. Growth opportunities are sought throughout the Chicago, IL metropolitan area during the coming 18 months, with representation by Newmark Knight Frank. A tenant improvement allowance is required.

Batteries Plus, LLC dba Batteries Plus Nate Zelazoski 925 Walnut Ridge Drive Hartland, WI 53029 262-912-3186, Fax 262-912-3100 Email: nzelazoski@batteriesplus.com Web site: www.batteriesplus.com

Specialty The 450-unit chain operates locations nationwide. The stores, offering batteries for cars, hearing aids, laptops, cellular phones, digital cameras and other electronic products, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include Home Depot, Target and Lowe’s Home Improvement. Preferred demographics include a population of 100,000 within five miles.

The company is franchising.

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Lead Sheet Improv Comedy Club Mathew Focht c/o Sierra Realty Advisors 640 North LaSalle, Suite 410 Chicago, IL 60654 312-254-0730 Email: mfocht@sierraadvisors.com Web site: www.sierraadvisors.com

Specialty The 24-unit chain operates locations throughout AZ, CA, CO, FL, IL, KY, MO, NV, NY, OH, PA, TX and Washington, DC. The comedy clubs and restaurants occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in malls and entertainment, lifestyle and mixed-use centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Sierra Realty Advisors.

Regency Beauty Scott Bitney c/o L3 Corp.

12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: scott@l3corp.net Web site: www.l3corp.net

Specialty The 80-unit chain operates locations nationwide throughout 19 states. The beauty schools occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout Springfield, IL during the coming 18 months, with representation by L3 Corp.

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 799-unit chain operates locations throughout AL, AR, AZ, CA, FL, GA, IA, 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 and power and strip centers. Plans call for 50 to 70 openings throughout the existing markets 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.

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 temporary locations nationwide. The stores, offering costumes, masks, make-up and accessories, occupy spaces of 5,000 sq.ft. to 15,000 sq.ft. in malls and outlet, power, specialty and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the 2011 Halloween season.

Preferred cotenants include Best Buy, Kohl’s, Target, Walmart and grocery stores. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. Major competitors include Halloween Express, Party City and Halloween Adventure.

The Vitamin Shoppe Corey Bialow c/o Bialow Real Estate 200 Highland Avenue, Suite 401 Needham, MA 02494 781-444-2316, Fax 781-444-2317 Email: cbialow@bialow.com Web sites: www.vitaminshoppe.com and www.bialow.com

Vitamins The 500-unit chain operates locations nationwide. The stores, offering vitamins, minerals and nutritional supplements, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations and endcaps and pad sites of shopping centers. Plans call for 60 openings throughout the existing market during the coming 18 months, with representation by Bialow Real Estate.

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 56

May 27, 2011

The

Dealmakers

www.dealmakers.net

Retail Specialists unique

real

estate

NY, NJ, CT & PA

solutions

• Airmont/Suffern, NY – Route 59

• Vails Gate, NY – Route 32 – Big V Town Center

• Elmsford, NY – Saw Mill River Rd.

• Wappingers Falls, NY – Route 9 – Lafayette Plaza

• Katonah, NY – 18 Woods Bridge Rd. (Route 117)

• Westchester, NY – 5 Free Standing Metro North Train Station Buildings

• Kingston, NY – Ulster Avenue (Route 9W)

• West Haverstraw, NY – Route 9W

• Mamaroneck, NY – Boston Post Rd. (Route 1) – Seaport Plaza

• Yonkers, NY – Main Street – New Construction at Waterfront

• Middletown, NY – Route 211 – H&K Furniture Plaza – FOR LEASE/SALE

• Voorhees, NJ – Route 73 & Cooper Rd. – Cooper Plaza

3,000 - 60,000 SF Avail. Shopping Center redevelopment.

2,000 – 8,000 SF & 5,224 Restaurant Avail. Join Shop Rite, K-Mart, Key Bank.

7,000 SF Restaurant Avail. 50 Car Parking.

3,800 – 10,000 SF Avail. 45K cars per day. Join Dollar General & Quiznos.

2,560 SF Avail. Free Standing Building with Drive-Thru. Newly Developed.

2 Free Standing Pad Sites with Drive-thru. Up to 15,000 SF Avail.

900-2,500 SF Avail. Join Subway & The UPS Store. High Traffic/Visibility.

1,875 & 43,000 SF Avail. Join Aldi, Cosmo Prof & Sherwin-Williams.

• Monroe, NY – Route 17M – Monroe Plaza

2,500 – 50,000 SF Avail. Join Stop & Shop, Radio Shack, Rite Aid & McDonald’s.

• Nanuet, NY – Route 59 – Rockland Center

3,300 – 50,000 SF Avail. Join Pathmark, Office Depot, PetSmart, AC Moore, Five Guys, Chili’s & HomeGoods. High Traffic/Visibility.

• Newburgh, NY – Route 300 – Newburgh Towne Center

1,400 SF Avail. Join Stop & Shop, Marshall’s, Dress Barn & Dollar Tree.

• Pawling, NY – Route 22 – Pawling Park

1,800 – 6,500 Avail. New Shopping Center. Drive-thru possible. Join Dollar General.

• Peekskill, NY – Route 6 – Main Street Commons

1,000 – 15,000 SF Avail. New Construction. Join Auto Zone.

• Pleasantville, NY– Washington Avenue

2,500 SF Avail Join Cold Stone, Walk to Movie Theater and Train Station.

• Port Chester, NY – Westchester Ave. – Waterfront at Port Chester

4,700 SF Sublease. Food OK. Join Stop & Shop & Bed Bath & Beyond.

• Poughkeepsie, NY – Route 9 – South Road Square

2,425 SF Available Join AutoZone, AT&T, Gamestop, Subway & Casual Male.

• Rye, NY – 100 Purchase Street

1,925 SF Free Standing Bldg Avail. In the heart of Rye, Opposite Train Station.

• Tappan, NY – Route 303

870 – 4,300 SF Avail. Join Subway, Wendy’s. High Traffic.

• Thornwood, NY – Columbus Ave. – Rosehill Shopping Center

1,150 SF Avail. Join A&P, CVS, Verizon, Chase, Radio Shack & Hallmark.

For lease Tarrytown, Ossining, Peekskill, Portchester, Ardsley.

2 Acre Parcel opposite Stop& Shop at Signaled Intersection.

2,500 – 12,000 SF Avail. Join Key Bank, Retro Fitness & Verizon FIOS. 1,500 – 6,000 SF Pad Site & up to 8,500 SF Avail. Join Kohl’s, Raymour & Flanigan, Party City, and Marshalls. High Traffic/Visibility .

• Horsham, PA – Blair Mill Rd. – Village Mall

22,000 – 128,000 SF Avail. Join ACME, Dollar Tree & Rite Aid.

• Perkasie, PA – Constitution Ave. – Perkasie Shopping Center

1,200 – 10,000 SF Avail. Join Landis Supermarket, Rite Aid & McDonald’s.

• Brandford, CT – Branhaven Plaza

3,675 SF (divisible) Avail. Join Kohl’s, Big Y, Children’s Place, Justice, Dots, Payless, Olympia Sports, Radio Shack, and GNC. High Traffic Center.

• Derby, CT – Pershing Drive – ShopRite Plaza

4,000 – 10,000 SF Avail. Join ShopRite, Petland, Pay-Half & Advance Auto Parts.

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

1,500 SF Avail. Join JoAnn’s, Big Lots, Modell’s, Planet Fitness & T-Mobile.

• Norwalk, CT – Route 1 – ShopRite Plaza

1,200 – 20,000 SF Avail. Join ShopRite, Barnes & Noble, GameStop & UPS.

• Norwalk, CT – 607 Main Ave. (Route 7) – Center Seven 1,400 – 4,300 SF Avail. Join Starbucks, Quiznos & Citibank.

• Norwalk, CT – 652 Main Ave. (Route 7) – Wal-Mart Center

3,200 – 7,000 SF Avail. Join Wal-Mart, Staples, Hallmark & Bank of America.

• Orange, CT – Firelite Shopping Center – Retail Space 800 – 4,000 SF Avail.

• Orange, CT – 250 Indian River Road

19,000 SF Free Standing Bldg Avail 21 FT ceiling and 92 parking spaces.

• Stamford, CT – Route 1 – Shop Rite Plaza

2,000 – 4,000 SF Avail. Join Shop Rite, Dunkin’ Donuts & Subway.

wireless

Representing retailers in select regions...

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

www.RoyalPropertiesInc.com

Sources of Financing Commercial Partners of Illinois, LLC provides bridge financing for retail, multifamily and hospitality properties, as well as various other property types. Notes are available for under $2 million featuring interest rates starting at 9.9% fixed for up to five years and a maximum loan-to-value ratio of 70%.

The company also provides hard-money financing for most property types, including restaurants, car washes and hospitality sites.

Loans are available featuring interest rates starting at 9.9%, a maximum loan-to-value ratio of 70% and a 15-year amortization schedule with a five-year balloon.

For more information, contact Michael A. Boraca, Commercial Partners of Illinois, LLC, 8600 Northwest Highway, Suite 120, Crystal Lake, IL 60012; 815-9777478 Ext. 12, Fax 888-215-8342; Email: mike@cpcommerciallending.com; Web site: www.cpcommerciallending.com.

ICP Financial provides bridge financing for the acquisition, refinancing, recapitalization and redevelopment of grocery-anchored shopping centers throughout major metropolitan areas nationwide. Loans are available in amounts from $2 million to $30 million featuring a maximum loan-to-value ratio of 65%.

a cqui si ti o n s

New Construction

For more information, contact ICP Financial, 5480 Valmont Road, Suite 225, Boulder, CO 80301; 720-256-2580; Email: peter@icpfinancial.com; Web site: www.icpfinancial.com.

A.G. Commercial, LLC offers financing for retail, hospitality, industrial, warehouse and multifamily properties. Loans are available in amounts above $2 million. Bridge financing is also available, as well as CTL loans for investment-grade tenants.

For more information, contact George Arvanitis, A.G. Commercial, LLC; 847-9818014; Web site: www.ag-commercial.com.

Marcus & Millichap Capital Corp. provides financing for commercial properties. Notes are available for terms of five, seven, 10 or 15 years featuring interest rates from 5.25% to 6.37% with loan-to-value ratios between 55% and 75%. Bridge financing is also available, with loans featuring a loan-to-value ratio of 65% or 80%.

For more information, contact Sean Mooney, Marcus & Millichap Capital Corp, 2999 Oak Road, Suite 210, Walnut Creek, CA 94597; 212-430-5226; Web site: D M www.mmcapcorp.com.

kaminÊrealtyÊco.

interested in purchasing Net Leased properties and shopping centers in top locations with generally assumable self-liquidating financing in place. We are closers.

d i sposi ti o n s

big and mid box former Kmarts and Circuit City’s available in Cleveland, Middletown and Wadsworth, OH; Baton Rouge, LA; DeSoto and Temple, TX; and Franklin, PA.

le asi ng

big box, mid box and small storerooms (in grocery anchored centers) available in 39 states. Choose from our over 12,900,000 square feet of space. See website or call us for further details.

(continued from page eighteen)

Espacio USA, Inc. is developing The Strand, a mixed-use project located along Cleveland Street in Clearwater, FL. The project will feature an 89-unit residential component and a 21,500 sq.ft. retail and office component, and is slated to open next year.

For more information, contact Espacio USA, Inc., 1101 Cleveland Street, Clearwater, FL 33755; 727-443-1797 or 877-787-2630; Web site: www.thestrandclearwater.com.

Lee & Associates Temecula Valley is preleasing Springs Plaza, a mixed-use project located at the intersection of Murrieta Hot Springs Road and Jackson Avenue in Murrieta, CA. The project will feature retail and office components. Retail space is available from 1,000 sq.ft. to 5,398 sq.ft.

For more information, contact Sheri Shoemaker, Lalli Guerriero or Andrew McLean, Lee & Associates Temecula Valley, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-445-4510/4522/4521; Emails: sshoemaker@lee-associates.com, lquerriero@lee-associates.com and amclean@lee-associates.com; Web site: D M www.lee-associates.com.

1,000’s of stores delivered on time and on Budget!

For over 20 years we have been working together collaborating on specialty retail and brand projects. We provide FF&E and capital equipment for restaurants, retailers & service providers. Let us help you come in on time, on budget, every time! Serving the U.S. and International markets.

Stephen Hekman (619) 719-8950 stephen@hb-gp.com

www.kaminrealty.com

t 412.661.5233 • f 412.661.8160 • kamin@kaminrealty.com page 58

May 27, 2011

The

Dealmakers

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Mark Badhwar (949) 887-1968 mark@hb-gp.com

www.hb-gp.com

State (continued from page thirteen)

centers,” said John Schuff at NAI DESCO. “Excess ground has also seen increased activity, and some new, larger centers have sold, signaling an uptick in the investment market.” He cited a 500,000 sq.ft. center anchored by Walmart and Costco and a threeyear-old, 13-acre development anchored

by Schnucks Market as recent dispositions his company has handled. Another source said that his firm hadn’t ramped up their disposition business, but had been receiving a substantially larger amount of unsolicited offers from institutional investors.

Much like last year, obtaining financing for properties and development projects continues to be difficult throughout the country – only two sources reported having a positive experience, with the rest indicating more negative results. “The ability to finance depends on the asset,” one source said, adding that financing is typically available for leased product. Joseph Cosenza at Inland Real Estate Group said that the company typically receives financing for around 50% of the purchase price or value of a property for a term of 10 years, and that they have received this consistently from every lender

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

May 27, 2011

The

2011

they work with. “It’s a type of financing that values have been buoyed, and I don’t see their almost all the institutions hadn’t seen before, strategy changing.” Others said that lenders’ because the commercial mortgage securities actions depend on the property: one reported industry captured most of the business over that lenders lean toward foreclosure for class the last 10 to 15 years. Now, we might find a A and B assets, while they are more likely to little bank in one city where we’re purchasing extend for C-class properties and below. “If a shopping center, you can pay, they where that kind look the other way of lending is just and extend,” another … it’s not positive when all you are perfect for them.” source said. “If you talking about is ‘less negative.’

However, he added, can’t, you need to financing still proves decide if you want to difficult for smaller discuss a workout or organizations. “I would love to say that the turn over the keys; the grade of property and market is back, but unfortunately, it’s not location will dictate the lender’s perspective.” true. The smaller guys are still fighting, trying to get financing – and in many cases, no one The process of recovery will continue to be a is listening to them.” slow one. “It’s true that less small tenants are bankrupt,” said Joseph Cosenza of Inland Real Respondents said that active lenders Estate Group. “It’s also true that unemployment included private funds and local regional and is gradually going down, even though there community banks. When asked whether the are still 13 million people out of work. But lending community leans toward foreclosing today’s average vacancy rate in retail is 13%, or extending on loans in default or coming the highest since 1991. There have been some due shortly, sources offered varied responses. changes in retail: There has been an increase in “In general, lenders do not appear to be under leasing transaction volume…but under 10,000 any pressure to clean up their books,” one sq.ft., the leasing is not so great. The small guys source said. “Their strategy has prolonged the still don’t have the volume of business that effect of the recession, but it appears that the they used to have, and those that would like to do something like expand or move can’t get financing from the banks like they used to. The good news is, in my mind, that they are not building any more centers for a long, long time, so it gives us time to fill up any of these vacancies. But to me, it’s not positive when all you are talking about is ‘less negative.’”

wANTEd

page 60

of the Industry

Dealmakers

www.dealmakers.net

Ultimately, the country appears to be slowly climbing its way out of the recession. Although some may feel that their market has yet to hit bottom, others are seeing signs of recovery – in greater numbers and in a generally more noticeable way than was reported last year.

One source said that they’ve noticed tenants negotiating longer lease terms and making efforts to tie down current lease rates over base term and option periods. Many responders said that, while the situation has yet to tangibly improve, there has been an uptick in interest of late that implies growth within the next several months. “Our transaction counts have remained level for several years, but interest levels are definitely improving, especially among regional tenants,” said one source, who added that tenants are also less frequently asking for rent reductions, allowing for the possibility of higher rents in the future.

“Sales are up, deals are available – very tenantfriendly, though,” said another responder. “As long as lenders don’t get irresponsible and start funding new projects, and stick to rehabs and adaptive use of existing properties, the industry will be fine.” DM

R E A L E S TATE

S O U T H E AS T L L C

www.realestatesoutheast.com

featured properties

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

Russellville, aL | Russellville Marketplace

harrison, aR | the fashion Center

paragould, aR | town West Center

albany, ga | albany Crossroads

Leasing | ManageMent | Re-DeveLopMent p.o. box 681955 | pRattviLLe, aL 36068 phone: 1-866-283-5516 | fax: 334-491-6210 Clarksdale, Ms | Clarksdale Commons

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Space Place Arizona

Arizona

California

Tucson – A 1,400 sq.ft. freestanding building located along Oracle Road is available. The asking rent is $9.95 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, mmakler@kinproperties.com, gshapiro@kinproperties.com and

ssandelman@kinproperties.com; Web site: www.kinproperties.com.

Marshalls, Pier 1 Imports, Smart & Final and Denny’s.

For details, contact Brian Bielatowicz, Ted Rivenbark or Jake Irion, Lee & Associates Temecula Valley, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-445-4515/4512/4519; Emails: bbielatowicz@lee-associates.com, trivenbark@lee-associates.com and jirion@lee-associates.com; Web site: www.lee-associates.com.

California Hemet – A divisible 6,504 sq.ft. former Hollywood Video and a former Red Brick Pizza located along Florida Avenue are available. Area retail includes Regal Cinemas, Chipotle, T-Mobile, McDonald’s, Office Depot, Sears, Pep Boys, Petco, Applebee’s, Michaels, PetSmart, Ross Dress For Less, Ace Hardware,

MAriANoS FreSH MArket iS expANdiNg iN CHiCAgolANd! WRE is the Exclusive Chicagoland Broker!

Come and visit our Fantastic New Supermarket in Arlington Heights!

• Under construction in Downtown Chicago at Lakeshore East!

• Under construction in Vernon Hills next to Lowes!

• Signed leases at Riverview S/C, 14 and Hicks in Palatine, Halsted and Monroe in Chicago, Halsted and Clyborn in Chicago, 39th and State in Chicago, Montrose and Clarendon in Chicago and many more sites in the Hopper!

• Mariano’s is looking for new locations in Chicago and the Suburbs.

• Store size from 50,000-80,000 SF • New or Existing Developments Considered. Lease or Purchase.

Andy Witherell | 773-991-4932 andy@witherellrealestate.com www.witherellrealestate.com

Moorpark – LA Spring Shopping Center, located along Los Angeles Avenue, has spaces available of 1,604 sq.ft.; 1,772 sq.ft.; 1,800 sq.ft. and 2,313 sq.ft. Cotenants include McDonald’s, Starbucks, H&R Block, Blockbuster Video and Sushi Planet. The asking monthly rent ranges from $1.85 to $2.00 psf with NNN fees of $0.65 psf.

For details, contact Paul Capra or Ben Williams, Lee & Associates LA North/ Ventura, Inc., 1000 Town Center Drive, Suite 125, Oxnard, CA 93036; 805-6261264/1217, Fax 805-413-7064; Emails: pcapra@lee-re.com and bwilliams@lee-re.com; Web site: www.leevc.com.

Connecticut Hartford – Charter Oak has pad sites of 3,400 sq.ft. and 7,135 sq.ft. available.

For details, contact Nicole Johnson, Paramount Realty Services, Inc.; 732-9618123; Email: njohnson@paramountrealty.com; Web site: www.paramountrealty.com.

Meriden – Townline Square, a 316,000 sq.ft. center located along Route 5, has a 36,242 sq.ft. space available. Burlington Coat Factory and Old Navy anchor the center.

For details, contact Linda Lacey, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-8638200 Ext. 202, Fax 203-861-6755; Web site: www.ubproperties.com.

Stonington – Liberty Crossing, a 550,000 sq.ft. power center located at the intersection of Interstate 95 and CT Route 2, has space available. Area demographics include a tradearea population of 125,000 earning $90,034 as the average household income. The average daily traffic count is 45,000 vehicles.

For details, contact Wilbur Breslin, Breslin Realty; 516-741-7400 Ext. 223; Email: wbreslin@breslinrealty.com; Web site: www.breslinrealty.com. (continued on page sixty-eight)

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Aventura – Promenade Shops, a 291,949 sq.ft. center, has space available. Cotenants include Nordstrom Rack, Marshalls/ HomeGoods, Michaels and Winn-Dixie.

Coral Springs – Coral Palm Plaza, a 135,936 sq.ft. center, has space available. Cotenants include Michaels, buybuy Baby, Dollar Tree, Doris Italian Market and Panera Bread. Ft. Lauderdale – Coral Ridge Mall, a 409,468 sq.ft. center, has space available. Cotenants include Target, T.J. Maxx, Marshalls, Old Navy, HomeGoods, Publix and AMC Theatres. Port Richey – Embassy Crossing, a 337,746 sq.ft. center, has space available.

Cotenants include The Sports Authority, Michaels, Ross Dress for Less, Bealls Outlet, Bed Bath & Beyond, Books-A-Million and Petco. South Miami – Southland Mall, a one-million sq.ft. center, has space available.

Cotenants include Macy’s, JCPenney, Sears, Regal Cinemas, Aerpostale, Old Navy and Bally Total Fitness.

For details, contact Gumberg Asset Management Corp., 3200 North Federal Highway, Ft. Lauderdale, FL 33306; 954537-2700; Web site: www.gumberg.com.

Florida

Florida

Coral Springs – Coral Springs Court has spaces available from 600 sq.ft. to 3,000 sq.ft. Cotenants include Stonegate Bank and Huntington Learning Center.

Hollywood – Hollywood Palms has spaces available from 1,340 sq.ft. to 1,550 sq.ft.

Cotenants include Publix and Walgreens.

Margate – Shoppes at Margate has spaces available from 1,500 sq.ft. to 13,700 sq.ft.

Pembroke Pines – Flamingo Market Place has spaces available from 500 sq.ft. to 9,400 sq.ft. Cotenants include Bravo and Deli Den. Also, FMS Corners has spaces available from 1,985 sq.ft. to 2,535 sq.ft.

Cotenants include Quiznos, Hear X and Asian Buffet. Also, Shoppes at Pembroke has spaces available from 1,300 sq.ft. to 3,900 sq.ft. Cotenants include Michaels and Weight Watchers.

For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.milbrookproperties.com.

Jacksonville – A 3,000 sq.ft. freestanding building located along Normandy Boulevard is available. The asking rent is $11.95 psf.

Lakeland – A 7,200 sq.ft. freestanding building located along East Memorial Boulevard is available. The asking rent is $6.95 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, mmakler@kinproperties.com, gshapiro@kinproperties.com and ssandelman@kinproperties.com; Web site: www.kinproperties.com.

Georgia Gainesville – New Holland Market, a 400,000 sq.ft. center situated on 55 acres at the intersection of Jesse Jewel/GA Highway 369 and Limestone Parkway/U.S. Highway (continued on page seventy-two)

SILBERT REALTY & MANAGEMENT COMPANY, INC.

“Relationships Built on Results Since 1986”

Featured Retail Properties For Lease Eagle Rock Commons

Premier Community Retail Center Borough of Roseland, NJ Essex County

Cedar Glen

ShopRite Anchored Shopping Center Township of Branchburg, NJ Somerset County

Bottom Dollar

Fully Renovated Satellite Endcap City of Allentown, PA Lehigh County

Target Anchored Center

Community Shopping Center Washington Township, NJ Morris County

Randolph Plaza

A&P Anchored Neighborhood Retail Randolph Township, NJ Morris County

Village Shoppes at Hawk Pointe ShopRite Anchored Shopping Center Washington Township, NJ Warren County

Englewood South Phase II

21 Acre Mixed-Use Luxury Development City of Englewood, NJ Bergen County 85A Division Avenue Millington, NJ 07946 www.SilbertRealEstate.com page 68

May 27, 2011

If you are interested in discussing any of these opportunities, and/or any additional assets for sale or lease, please contact us.

The

Dealmakers

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(908) 604-6900 (908) 604-2030 fax info@silbertrealestate.com

Come visit us at

C – 160 F Street

your success... our passion

BRINGING THE BEST U.S. BRANDS TO CANADA

711 Westchester Avenue, 2nd Floor • White Plains, NY 10604 • Phone: 914.328.2222 • www.nwatlantic.com 864 York Mills Road • Toronto, ON M3B 1Y4 • Phone: 416-391-3900 • www.nwaretail.com

ICSC RECon 2011 — Convention Floor Plan South Hall Level 2

Make deals, and have some lemonade!

S283 Q Street

important dates & times

South Hall Level 2

Sunday, May 22

ICSC First Timers Orientation New! Networking Brunch Women in Real Estate ICSC NextGen Reception ICSC Foundation Gala w/ Dana Carvey

monday, May 23

Registration Trade Show Opens!

Lunch & Learn ICSC Global Retail Runway New! Reception on the Show Floor

11:15am – 11:45am 1:00pm – 2:00pm 4:00pm – 6:00pm 5:00pm – 6:00pm 6:00pm – 9:15pm 6:00am – 6:00pm 8:00am – 6:00pm 12:00pm – 2:00pm 2:30pm – 4:00pm 4:30pm – 6:00pm

tuesday, May 24

Registration Trade Show Opens!

ICSC Hot Retailer Awards w/Carson Kressley Lunch & Learn

wednesday, May 25

Registration Trade Show Opens!

6:30am – 5:00pm 8:00am – 5:00pm 10:30am – 11:30am 12:00pm – 2:00pm 7:30am – 2:00pm 8:00am – 2:00pm

thursday, May 26

Pack it up and go home!

Don’t miss our 2011 State of the Industry Report starting on Page 12

ICSC RECon 2011 — Convention Floor Plan

Central Hall C3 C4 C5

Central Hall C1

South Hall Level 1

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Profile – Hilco Real Estate, LLC

Space Place Georgia

Illinois

(continued from page sixty-eight)

129, has outlots of 82,764 sq.ft. and 106,722 sq.ft. available. Area demographics include a population of 153,376 within 10 miles earning $65,681 as the average household income. The average daily traffic count is 42,000 vehicles.

For details, contact David Winburn, Carolina Holdings, Inc., 40 West Broad Street, Suite 410, Greenville, SC 29601; 864-272-0088, Fax 864-272-0078; Email: david.winburn@choldings.com; Web site: www.choldings.com.

Illinois Chicago – A 6,712 sq.ft. multi-story building situated on a land area of 3,593 sq.ft. along North Wells Street is available. Area retail includes Quiznos, Salpicon, Eat-A-Pita, Shenanagan’s and Old Town Wine Liquors.

The asking rent is $18 psf.

For details, contact Ben Rosenfield or Dan Steinberg, Titan Commercial, 225 North Columbus Drive, Suite 100, Chicago, IL 60601; 312-373-7100, Fax 312-3731400; Emails: brosenfield@titancre.com

and dsteinberg@titancre.com; Web site: www.titancommercialrealestate.com.

Glen Ellyn – A 34,521 sq.ft. parcel located along Roosevelt Road is available for ground lease. Area retail includes Panera Bread, McDonald’s, Burger King, Jewel, Wendy’s, Ace Hardware and Walgreens. The average daily traffic count is 43,700 vehicles.

For details, contact George Spirrison, Adelphia Properties; 630-455-4495; Email: spirrison1@gmail.com.

Indiana Kokomo – Kokomo Shopping Center, a 334,000 sq.ft. center, has spaces available from 900 sq.ft. to 20,000 sq.ft. Walmart Supercenter anchors the center and cotenants include Big Lots and Jo-Ann Fabrics.

Area retail includes Meijer, Target and Sam’s Club.

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. (continued on page seventy-four)

(continued from page ten)

is distressed – and that it’s in the landlord’s best interest to work with that tenant – they are willing to negotiate. We have to do our due diligence, understand the problem and communicate it to the landlord, and they have to feel that, by assisting, they’re putting themselves in a better position.”

Apter said that HRE has observed an acceleration of fee-owned property sales and acquisitions within the past six to nine months as the economy has shown signs of improvement and retailers have begun more significant expansion. This is a substantial uptick from 2008 and 2009, he added, during which owned property was barely trading at all as financing was difficult to obtain, fewer companies were looking to expand and investors were wary of spending without a clear return.

The other aspect of the company’s disposition business, involving the closure of existing locations followed by termination or subleasing efforts, had also been slow during late 2009 and into 2010, but has begun to pick up in recent months. “Many companies are now faring well, while others have deteriorated through further sales challenges and competitive pressures,” Apter said. “Additionally, there is more activity as a result of the excessive debt that exists on many companies’ balance sheets. All of these factors create opportunities for a more active leasehold disposition environment.”

Hilco is also aggressively looking to acquire retail, commercial and industrial properties, along with other asset types, and is currently in negotiations to acquire several retail and industrial properties in the eastern and southeastern regions of the U.S. The company typically looks to acquire low-cost basis opportunities, with a substantial upside, nationwide, and will hold certain properties for a period of up to 18 months or others for as many as three to five years, depending on the projected return. The company will lease space or perform other asset management services on a property before reselling. “We’re valuation experts and asset managers, along with property managers,” Apter said, “and that really involves understanding the property — what it is now, what it could be and how to get it there.”

For more information, contact Gregory Apter, Hilco Real Estate, LLC, 5 Revere Drive, Suite 320, Northbrook, IL 60062; 847-714-1288, Fax 847-714-1289; Email: mail@hilcorealestate.com; Web site: www.hilcorealestate.com. Or visit the company during RECon at booth S2843 D M in the South Hall.

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May 27, 2011

The

Dealmakers

www.dealmakers.net

2011

REcon

OPPORTUNITIES Visit us at booth C1523 15 Avenue th

Management | Leasing | Acquisitions | Dispositions | Consulting SOUTHLAND MALL South Miami, FL

Macy’s, JCPenney, Sears, Regal Stadium 16 Aéropostale, Old Navy, Bally Total Fitness

CORAL PALM PLAZA Coral Springs, FL

Michael’s Arts & Crafts, buybuyBaby, Dollar Tree, Doris Italian Market, Panera Bread

1,000,000 square feet

135,936 square feet

EMBASSY CROSSING Port Richey, FL 337,746 square feet

Sports Authority, Michael’s, Ross Dress-for-Less, Bealls Outlet, Bed, Bath & Beyond, Books-A-Million, PETCO

COUNTRY CLUB MALL Cumberland, MD 593,530 square feet

CORAL RIDGE MALL Fort Lauderdale, FL 409,468 square feet

JCPenney, Sears, Bon-Ton, American Eagle, AMC Theatres Walmart Super Center

Target, TJ Maxx, Marshalls Old Navy, HomeGoods, Publix, AMC Theatres

PROMENADE SHOPS Aventura, FL

Nordstrom Rack, Marshalls/HomeGoods, Michael’s, Winn Dixie

PENN CENTER EAST Pittsburgh, PA

Talbots Outlet Store, hhgregg, Tuesday Morning, Applebees, Starbucks, Panera Bread

291,949 square feet

300,000 SF Retail & 625,000 SF Office

Join Our Impressive Tenant Line-Up

Call for your appointment Today!

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

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Space Place Kansas

(continued from page seventy-two)

Topeka – A 6,547 sq.ft. freestanding building located along West 10th Street is available.

The asking rent is $7.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, mmakler@kinproperties.com,

Kansas

Maryland

gshapiro@kinproperties.com and ssandelman@kinproperties.com; Web site: www.kinproperties.com.

Highway, Ft. Lauderdale, FL 33306; 954537-2700; Web site: www.gumberg.com.

Maryland Cumberland – Country Club Mall, a 593,530 sq.ft. center, has space available. Cotenants include JCPenney, Sears, The Bon-Ton, American Eagle Outfitters, AMC Theatres and Walmart Supercenter.

For details, contact Gumberg Asset Management Corp., 3200 North Federal

Frederick – Westview Corner, located at the intersection of Crestwood Boulevard and Corporate Drive, has spaces available from 1,143 sq.ft. to 3,000 sq.ft. Cotenants include Jimmy John’s and Rib City.

For details, contact Bob Schwenger or Jeff Topchik, JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301-657-7331/7338; Emails: bschwenger@jbgr.com and jtopchik@jbgr.com; Web site: www.jbgr.com.

Minnesota St. Paul – A 152,963 sq.ft. freestanding building located along Como Avenue is available.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, mmakler@kinproperties.com, gshapiro@kinproperties.com and ssandelman@kinproperties.com; Web site: www.kinproperties.com.

Missouri

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.

You can also read Ann O’Neal’s “Observations & Conversations” column, our profiles on retailers and retail real estate companies, and our new column, “Reflections from the Road,” for free!

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Dealmakers

www.dealmakers.net

Kirkwood – Greentree Center, located at the intersection of Manchester Road and Woodlawn Avenue, has spaces available of 1,070 sq.ft.; 1,166 sq.ft. and 1,440 sq.ft. Cotenants include St. Louis Bread Company, Oberweis Dairy, 24 Hour Fitness, Eleven Mile House, Paper Warehouse, Hairtopia and Great Clips.

St. Louis – A center located along Manchester Road has spaces available from 1,070 sq.ft. to 12,300 sq.ft. Cotenants include Stein Mart, Sears Home Appliance, Bandana’s Restaurant, Tuesday Morning, Club Fitness, Cartridge World and Massage Luxe. Area demographics include a population of 305,947 within five miles earning $91,992 as the average household income. The average daily traffic count is 45,571 vehicles.

For details, contact Jennifer Heilweck, Novus Development, 20 Allen Avenue, Webster Groves, MO 63119; 314-968-0842; Fax 314-963-0241; Email: jheilweck@novusdev.com; Web site: www.novusdev.com. (continued on page seventy-six)

We knoW the

tWin Cities

For more than 60 years, Paster Enterprises has been the premier developer and manager of Twin Cities' neighborhood shopping centers.

The company currently owns more than 1,000,000 square feet of commercial real estate, and is actively seeking to acquire grocery anchored and other high-quality retail properties.

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

For leasing opportunities, contact Lisa Store at 651.646.7901

www.pasterenterprises.com

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Space Place Nebraska

(continued from page seventy-four)

Omaha – Westwood Plaza, a 510,000 sq.ft. power center located at the intersection of 120th Street and West Center Road, has spaces available from 1,200 sq.ft. to 12,250 sq.ft. along with a pad site. Area demographics include a population within five miles earning $81,500 as the average household income.

Also, Montclair on Center, a 240,000 sq.ft. power center located at the intersection of 132nd Street and West Center Road, has spaces available from 1,200 sq.ft. to 1,600 sq.ft. along with anchor space from 22,000 sq.ft.

Nebraska

Nebraska

to 44,000 sq.ft. Area demographics include a population of over 240,000 within five miles.

The average daily traffic count is more than 70,000 vehicles. Also, Benson Park Plaza, a 400,000 sq.ft. power center located at the intersection of 72nd Street and Ames/Military Avenue, has spaces available from 2,089 sq.ft. to 5,862 sq.ft. along with a 43,000 sq.ft. outlot.

Area demographics include a population of over 231,000 within five miles earning $53,400 as the average household income.

For details, contact World Group Commercial Real Estate, 780 North 114th

Street, Omaha, NE 68154; 402-697-8899; Web site: www.worldgroupllc.com.

Serving Washington, DC Metro Area since 1986

sax realty, inc.

2011 iCsC reCon ers k ro retail B oth o B network st. n io n #C111 U ll a H l Centra

tenant representation 2011

Tenant Representation Landlord Representation

serving the Washington, DC Metro area since 1986

Asset Sales

Les sax 4931 Cordell Avenue, Bethesda, MD 20814 o) 240-497-1192 f) 240-497-1070 www.saxrealty.com lsax@saxrealty.com

New Jersey Audubon Borough – Audubon Crossings, a 470,000 sq.ft. center located at the intersection of Black Horse Pike and Nicholson Road, has spaces available of 3,150 sq.ft.; 4,000 sq.ft. and 4,950 sq.ft.

Walmart and Staples anchor the center.

For details, contact Wolfson Verrichia Group, Inc., Meetinghouse Business Center, 120 West Germantown Pike, Suite 120, Plymouth Meeting, PA 19462; 610-2778899, Fax 610-277-8880.

Cinnaminson – Cinnaminson Shopping Center has a divisible junior anchor space of 72,000 sq.ft. available. Gloucester Township – Marketplace at Chews Landing has a divisible space of 5,300 sq.ft. available. Marlton – Marlton Square has a 10,000 sq.ft. space available. Mt. Laurel – Village at Cambridge Crossing has a divisible space of 2,300 sq.ft. available along with a 25,000 sq.ft. anchor space. Oak Ridge – Ridge Plaza has space available. A&P anchors the center and cotenants include CVS and McDonald’s. Toms River – Tri City Plaza has spaces available from 1,125 sq.ft. to 4,700 sq.ft. Turnersville – Ganttown Plaza has a 9,600 sq.ft. space available.

Westmont – Westmont Plaza has spaces available from 3,000 sq.ft. to 20,000 sq.ft.

For details, contact Nicole Johnson, Paramount Realty Services, Inc.; 732-9618123; Email: njohnson@paramountrealty.com; Web site: www.paramountrealty.com.

East Windsor – Royal Plaza has spaces available from 960 sq.ft. to 2,000 sq.ft.

Cotenants include City Streets Café, CitiFinancial and Allstate Insurance.

Edison – Edison Plaza has spaces available from 2,850 sq.ft. to 4,400 sq.ft. Cotenants include ShopRite, Party Fair and Capital One Bank. Linden – Aviation Marketplace has space available. Cotenants include Target, Home Depot, ShopRite and AMC Theatres. Plainsboro – Princeton Meadows has a 4,000 sq.ft. space available. Cotenants include Asian Food Market and Subway.

For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.milbrookproperties.com. (continued on page seventy-eight)

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May 27, 2011

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Dealmakers

www.dealmakers.net

FREE-STANDING 232,000 SF BUILDING AVAILABLE - FOR SALE OR LEASE 175 Central Avenue South, Bethpage, NY Warehouse / Distribution / Corporate Office

Prime Visibility & Exposure To Seaford Oyster Bay Expwy (Rt 135) FLAGShIP LOCATION

FORMER SLEEPY’S hEADQUARTERS Available Immediately Divisions Possible – Strategically Located

Rare Sizable Opportunity in Eastern Nassau County Featuring Over 60 Loading Docks, 2 Emergency Generators, New Computer Room, Ample Trailer & Truck Parking, New Full Service Cafe, Lobby/Reception area with granite tile floor.

SPECIFICATIONS Office: 52,000 SF

Loading:

Warehouse: 180,000 SF

64 Tailboards (57 Exterior, 7 Interior) 5 Drive-Ins

Lot Size:

11.8 Acres

Heights: 20’ Clear in 90,000 SF

Power:

2800 Amps @480 Volts, Gas Heat

35’ Clear in 90,000 SF

Taxes:

$2.63 PSF

Possible Uses

Retail Store Distribution, Self Storage, Moving & Storage, Home Distribution & Manufacturing/R&D

Contact Exclusive Agents: (516) 844-8890 1-800-791-8936

Rich Kaye rkaye@furniturerealestate.com Rich Weiss rweiss@furniturerealestate.com

25 Fairchild Ave Plainview, NY 11803 www.furniturerealestate.com

All information furnished regarding property for sale, rental or financing is from sources deemed reliable: but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, changes of price, rental or other conditions, prior sales, sales lease or financing or withdrawal without notice.

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Space Place New Jersey

(continued from page seventy-six)

Newton – A 10,000 sq.ft. freestanding building located along Nelson Street is available. The asking rent is $7.75 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, mmakler@kinproperties.com,

New Jersey

New York

gshapiro@kinproperties.com and ssandelman@kinproperties.com; Web site: www.kinproperties.com.

Payless ShoeSource. The asking rent is $35 psf. New York – A building located at the intersection of Cathedral Parkway and 110th Street has spaces available of 1,112 sq.ft. and 1,145 sq.ft. Area retail includes State Farm Insurance, Central Market, Café Amrita, Dorian Cleaners, Subway and Papa John’s.

For details regarding the Brooklyn property, contact Diana Boutross, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-7922608; Email: diana@winick.com; Web site: www.theshopsatonebrooklyn.com.

For details regarding the Flushing property, contact Ann La Centra or Jeff Winick; 212792-2652/2600, Fax 212-792-2660; Emails: ann@winick.com and jeff@winick.com. For details regarding the 110th Street property, contact Cosmo Montemurro or Alex Hill; 212-792-2656/2655; Emails: cosmo@winick.com and ahill@winick.com.

New York Brooklyn – The Shops at One Brooklyn Bridge Park has spaces available from 800 sq.ft. to 70,000 sq.ft. Flushing – A building located along Roosevelt Boulevard has an 11,520 sq.ft. lower-level space available. Area retail includes Macy’s, Foot Locker, Modell’s, McDonald’s, Bank of America, Citibank and

Reach oveR 55,000 Retail Real estate decision makeRs with just one click.

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developeRs & BRokeRs Retail real estate for lease and for sale moves fast with quality e-Blast leads.

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disposition companies move sites quickly with e-Blasts.

For more information, call 1-800-732-5856 or visit www.eblast.net page 78

May 27, 2011

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Dealmakers

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Commack – Commack Shopping Center, located at the intersection of Veterans Memorial Highway and Commack Road, has a 3,330 sq.ft. space available along with a 9,840 sq.ft. endcap. Macy’s anchors the center and cotenants include Michaels, Petco, Jewelry Exchange, Harmon Face Values, Lucille Roberts and Joyce Leslie. Glen Oaks – Glen Oaks Shopping Center, an open-air center located along Union Turnpike between 260th Street and 255th Street, has spaces available from 625 sq.ft. to 3,141 sq.ft. along with a divisible endcap space of 10,000 sq.ft. Waldbaum’s anchors the center and cotenants include Rite Aid, Sleepy’s, McDonald’s, Mandee, U.S. Postal Service, Chase Bank, Duane Reade and HSBC. Levittown – Crescent Plaza has spaces available from 2,250 sq.ft. to 13,600 sq.ft.

Cotenants include Kohl’s, PetSmart, Party City and Loew’s Theatres.

For details, contact The Feil Organization, 7 Penn Plaza, New York, NY 10001; 212563-6557; Web site: www.feilorg.com.

For additional information regarding the Commack and Glen Oaks properties, contact Randy Briskin or Ari Benmosche; 212-5636557 Ext. 218/275; Emails: rbriskin@feilorg.com and abenmosche@feilorg.com.

Yorktown – Staples Plaza, a 200,000 sq.ft. center located along Route 202, has a 21,165 sq.ft. space available. Area retail includes BJ’s Wholesale Club.

For details, contact Linda Lacey, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-8638200 Ext. 202, Fax 203-861-6755; Web site: www.ubproperties.com. (continued on page eighty)

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Space Place North Carolina

(continued from page seventy-eight)

Charlotte – Town Center, a 40,098 sq.ft. mixed-use center located at the intersection of East W.T. Harris Boulevard and University City Boulevard, has spaces available of 1,306 sq.ft.; 2,386 sq.ft. and 3,074 sq.ft. along with two spaces of 1,737 sq.ft. Monterrey Mexican Restaurant, The UPS Store, Clearwire, Allstate Insurance and Kabuto Japanese Steak House anchor the center. Area retail includes Harris Teeter, Rite Aid, Hardee’s, Outback Steakhouse and Lowe’s Home Improvement.

Area demographics include a population of 142,311 within five miles earning $64,051 as the average household income. The average daily traffic count is 100,000 vehicles. The asking rent is $14 psf with NNN fees of $4.99 psf. Raleigh – North Raleigh Market, a 51,203 sq.ft. center located at the intersection of Ray Road and Strickland Road, has divisible spaces of 4,800 sq.ft. and 5,600 sq.ft. available. Food Lion anchors the center. Area retail includes Kroger, Harris Teeter, Kerr Drug, FedEx Office, Massage Envy, Bank of America, McDonald’s, Office Depot and O2 Fitness.

Area demographics include a population of 131,102 within five miles earning $91,431 as

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North Carolina

Ohio

the average household income. The average daily traffic count is 16,100 vehicles.

For details, contact Molly Burton, Divaris Real Estate, Inc., 2115 Rexford Road, Suite 300, Charlotte, NC 28211; 704-442-1988 Ext. 102; Email: mburton@divaris.com; Web site: www.divaris.com.

Green Road is available. Area retail includes Jack’s Deli, Bruegger’s Bagels, Legacy Village and Beachwood Place.

For details, contact Eric J. Rivchun, Reisenfeld & Co., 3659 South Green Road, Suite 217, Beachwood, OH 44122; 216765-8080 Ext. 233, Fax 216-765-8843; Email: ejrivchun@reisenfield.com; Web site: www.reisenfeld.com.

Charlotte – StoneCrest at Piper Glen, a 419,914 sq.ft. center located along Rea Road, has spaces available from 1,200 sq.ft. to 2,217 sq.ft. Target, Harris Teeter, Regal Cinemas and Borders anchor the center.

Area demographics include a population of 162,000 within five miles earning $114,000 as the average household income.

For details, contact Darrell Palasciano or Molly Prince, The Shopping Center Group; 704-335-5455 Ext. 8/9; Emails: darrellp@theshoppingcentergroup.com and mollyp@theshoppingcentergroup.com; Web site: www.theshoppingcentergroup.com.

Ohio University Heights – A 4,000 sq.ft. space located at the intersection of Cedar Road and

Dealmakers

www.dealmakers.net

Oklahoma Ardmore – A 28,650 sq.ft. freestanding building located along North Commerce Street is available. Oklahoma City – A 32,053 sq.ft. freestanding building located along Northeast Expressway Street is available.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, (continued on page eighty-two)

Coremark Group

LOOKING FOR LAND! New Jersey, New York and Pennsylvania Parcels from 1 to 25 Acres If you have a site you would like to submit, please contact: Brian Wasilenko: bw@coremarkgroup.com (201) 847-2600 x.113 or Jordan Liebowitz: jl@coremarkgroup.com (201) 847-2600 x.114 www.coremarkgroup.com

392 Main Street, Wyckoff, New Jersey 07481 | (201) 847-2600 | F: (201) 560-0600

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Space Place Oklahoma

(continued from page eighty)

mmakler@kinproperties.com, gshapiro@kinproperties.com and ssandelman@kinproperties.com; Web site: www.kinproperties.com.

Oregon Corvallis – Kings Shopping Center, a 21,111 sq.ft. strip center situated on 1.94 acres at the intersection of Lincoln Avenue and Kings Boulevard, has a 7,382 sq.ft. space available.

Creative Crafts anchors the center and cotenants include Penguin Flowers and Pipeline Pizza.

Area retail includes Fred Meyer Shopping Center.

The asking rent is $9 psf with CAM of $3 psf.

For details, contact Tiffany Jones, Coldwell Banker Commercial, 250 Division Street Northeast, Salem, OR 97301; 503-587-4777, Fax 503-588-3514; Email: tjones@cbcre.com; Web site: www.cbcre.com.

Pennsylvania Bensalem – Home Depot Plaza has a divisible space of 15,000 sq.ft. available along with a 40,000 sq.ft. junior anchor space.

Pennsylvania

Pennsylvania

For details, contact Nicole Johnson, Paramount Realty Services, Inc.; 732-9618123; Email: njohnson@paramountrealty.com; Web site: www.paramountrealty.com.

center located at the intersection of Ridge Pike and Township Line Road, has space available. Quakertown Township – Richland Crossings, a 370,000 sq.ft. center located at the intersection of Route 309 and Route 313, has a 12,600 sq.ft. space available along with a 66,000 sq.ft. Acme available for sublease.

Walmart Supercenter and Regal Cinemas anchor the center. West Sadsbury Township – West Sadsbury Commons, a 400,000 sq.ft. center located at the intersection of Route 30 and Route 10, has a 1,350 sq.ft. space available. Walmart Supercenter, Home Depot and Peebles anchor the center.

West Whiteland Township – Main Street at Exton, an 800,000 sq.ft. center located at the intersection of Route 100 and Route 30, has spaces available of 43,600 sq.ft. and 90,000 sq.ft. Babies “R” Us, Barnes & Noble, Bed Bath & Beyond, Michaels, Old Navy, Sam’s Club and Walmart anchor the center.

For details, contact Wolfson Verrichia Group, Inc., Meetinghouse Business Center, 120 West Germantown Pike, Suite 120, Plymouth Meeting, PA 19462; 610-2778899, Fax 610-277-8880.

Caernarvon Township – Morgantown Crossings, a 400,000 sq.ft. center located at the intersection of Route 23 and PA Turnpike, has a 12,240 sq.ft. space available along with four outlots. Walmart Supercenter and Lowe’s Home Improvement anchor the center. Drumore Township – Drumore Crossings, a 385,000 sq.ft. center located at the intersection of Route 372 and Route 272, has a 90,000 sq.ft. space available along with five outlots. Hatfield Township – Hilltown Crossings, a 365,000 sq.ft. center located at the intersection of Route 309 and Orvilla Road, has spaces available of 6,000 sq.ft. and 11,500 sq.ft. along with a 62,224 sq.ft. space available for sublease. Walmart Supercenter anchors the center. Jenkintown – Shoppes at the Pavilion, a 152,000 sq.ft. center located at the intersection of Route 611 and Route 73, has a 65,000 sq.ft. space available. Acme anchors the center. Limerick Township – Limerick Commons, a 160,000 sq.ft.

(continued on page eighty-four)

Florida is Heating Up! La Plaza at Flagler Miami

Hot Big Box opportunities!

Cape Coral

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 Heat memorabilia www.courtelis.com | Call 305.261.4330 to book your appointment today page 82

May 27, 2011

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Dealmakers

www.dealmakers.net

We’re busy searching for new properties!

AmCap closed on nearly one million square feet of retail assets in 2010. Today, we seek neighborhood, community and regional centers.

Loan purchases will also be considered.

Owning and operating Grocery Anchored Retail centers throughout the country since 1979 www.AmCap.com Corporate Headquarters 1281 E Main Street Stamford, CT 06902 203-327-2001 www.AmCap.com

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

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

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Space Place Pennsylvania

(continued from page eighty-two)

Norristown – A 7,000 sq.ft. freestanding building located along West Main Street is available.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, mmakler@kinproperties.com, gshapiro@kinproperties.com and ssandelman@kinproperties.com; Web site: www.kinproperties.com.

Philadelphia – One & Olney Square has spaces available from 1,859 sq.ft. to 27,400 sq.ft. Cotenants include ShopRite, Modell’s, Dots and Conway Stores.

For details, contact The Feil Organization, 7 Penn Plaza, New York, NY 10001; 212563-6557; Web site: www.feilorg.com.

Pittsburgh – Penn Center East, a mixed-use center featuring a 300,000 sq.ft. retail component, has space available. Cotenants include Talbots Outlet, hhgregg, Tuesday Morning, Applebee’s, Starbucks and Panera Bread.

For details, contact Gumberg Asset Management Corp., 3200 North Federal

Pennsylvania

Pennsylvania

Highway, Ft. Lauderdale, FL 33306; 954537-2700; Web site: www.gumberg.com.

Fuddruckers anchors the center and cotenants include Sylvan Learning Center, Graystone Bank and Set the Table. The average daily traffic count is 27,000 vehicles. The asking rent is $14 psf.

For details, contact Kevin Hodge, ROCK Commercial Real Estate, 221 West Philadelphia Street, Suite 19, York, PA 17401; 717-854-5357, Fax 717-854-5367; Email: khodge@rockrealestate.net; Web site: www.rockrealestate.net.

York – Queensgate Towne Center, a 352,147 sq.ft. strip center located at the intersection of Springwood Road and South Queen Street/Route 74, has spaces available from 1,600 sq.ft. to 3,600 sq.ft. along with outlots of 7,000 sq.ft. and 11,200 sq.ft. Weis, The Bon-Ton and Frank Theatre anchor the center. Cotenants include Miles Maytag, Square Beauty Supply, Wellspan Health, Mitsuru-Ya, Uncommon Threads, DeVono’s Dry Cleaner, T.Nail Salon, Festive Board, About Hair, Menchy Music, Brother’s Pizza, Vertical Sports, Hair Cuttery, Planet X Comics, Queensgate Family Dental, The Strawberry Shop, Kumon Learning Center, Evolution Power Yoga and AT&T Mobility.

Area demographics include a population of 141,196 within five miles earning $66,326 as the average household income.

For details, contact Marisa Benjamin, LMS Commercial Real Estate, 12 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717569-9373; Email: mbenjamin@lms-pma.com; Web site: www.lms-pma.com.

York – Village Green Shopping Center, a 46,044 sq.ft. strip center situated on 5.15 acres, has a 3,000 sq.ft. space available.

Rhode Island Warwick – Summit Square, located along Bald Hill Road, has spaces available of 1,800 sq.ft.; 5,000 sq.ft. and 7,000 sq.ft. along with a divisible 35,000 sq.ft. junior anchor space. Cotenants include Staples, PetSmart, Modell’s, David’s Bridal, Aerus Vaccums, Empire Beauty, Signs by Tomorrow, Smart Tan, Bella Maternity, Scout Shop, H&R Block, Kenpo Karate, Chili’s, Pier 1 Imports and Innu Windows. The asking rent is $10 psf NNN. For details, contact CRG Commercial, 77 Franklin Street, 3rd Floor, Boston, MA 02110; 617-393-4200; Email: commercial@crgcommercial.com; Web site: www.crgcommercial.com. (continued on page eighty-six)

Single tenant retail, office and healthcare properties nationwide.

page 84

May 27, 2011

The

Dealmakers

www.dealmakers.net

Great Leasing Opportunities.

ALABAMA

OHIO

Fairfield, AL

Canton Centre

Flintridge Centre Birmingham Market

MI •

•

IL

•

•

•

IN

MO •

• •

TN

NY

•

OH • •

KY

PA

• •

•

• •• • •

NJ

WV

FLORIDA

Oakland Park Festival Centre

Oakland Park, FL

Holland, MI

Cedarbrook Plaza

Detroit Market

MISSOURI

Millennium Center

Wyncote, PA

Philadelphia Market

INDIANA

Evansville, IN

First Diamond Plaza

Griffith, IN

Griffith Park Plaza

Indianapolis, IN

Clifton, NJ

• Felbram Plaza North • North Eastwood Shopping Center • Felbram Plaza South

Ewing, NJ

ILLINOIS

NEW YORK

Norwood Square

Proposed Development

East Meadow Commons

•

Springfield, OH

PENNSYLVANIA

Botany Plaza

FL

Cincinnati Market

MICHIGAN

NEW JERSEY

•

Dayton Market

Hamilton, OH K-Mart Plaza

St.Louis, MO

AL

Northmont Plaza

Hopkinsville, KY

Southfield, MI

•

Northland Plaza

Englewood, OH Hamilton Plaza

Park Plaza

Greenfield Commons

NC

Columbus, OH

KENTUCKY

Cedar Village

•

Canton, OH

Park Forest, IL Chicago Market

East Meadow, NY

TENNESSEE

New York, NY

Knoxville Commons

SoHo

Knoxville, TN

NORTH CAROLINA

WEST VIRGINIA

Fayetteville, NC

K-Mart Plaza

Sycamore Square

Weirton, WV

With over 6 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

See Us at ICSC Las Vegas, Booth #S240 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 5/27/11

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Space Place South Carolina

(continued from page eighty-four)

Rock Hill – Village Square Shopping Center, a 70,460 sq.ft. center located at the intersection of Ebenezer Road and Herlong Avenue, has spaces available of 800 sq.ft.; 3,200 sq.ft. and 7,400 sq.ft. Food Lion anchors the center and cotenants include Southern Salads & Sandwich Co., B&K Nails, Dollar General, Great Clips, Hege Jewelers, Executive Designs and Thursdays Too Restaurant. Area demographics include a population of 97,119 within five miles earning $65,033 as the average household

South Carolina

Texas

income. The average daily traffic count is 22,600 vehicles. The asking rent is $17 psf with CAM, taxes and insurance of $4.01 psf.

For details, contact Molly Burton, Divaris Real Estate, Inc., 2115 Rexford Road, Suite 300, Charlotte, NC 28211; 704-442-1988 Ext. 102; Email:mburton@divaris.com; Web site: www.divaris.com.

A 10,850 sq.ft. freestanding building located along East Braker Lane is available. The asking rent is $7 psf. Grand Prairie – A 16,467 sq.ft. freestanding building located along Belt Line Road is available.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler, Gary Shapiro or Steven Sandelman, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, 1st Floor, Boca Raton, FL 33431; 888546-7767 Ext. 112/117/118/123/124; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com, mmakler@kinproperties.com, gshapiro@kinproperties.com and ssandelman@kinproperties.com; Web site: www.kinproperties.com.

Texas Amarillo – A 1.9-acre parcel located along Southwest 45th Street is available. Austin –

Austin – A center has a 2,100 sq.ft. endcap space available. Area retail includes Regal Cinemas, Whole Earth and Hyde Park Grill.

Also, a 4,312 sq.ft. restaurant space with a 1,500 sq.ft. patio located at the intersection of Bandera Road and Loop 410 is available.

For details, contact David Simmonds, Retail Solutions, 323 Congress Avenue, Suite 200, Austin, TX 78701; 512-4745557, Fax 512-474-5559; Web site: www.retailsolutions.us.

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 86

May 27, 2011

The

Dealmakers

www.dealmakers.net

Longview – Northwest Village Shopping Center, located at the intersection of Gilmer Road/Highway 300 and Loop 281, has a divisible space of 84,000 sq.ft. available.

Cotenants include Dollar Tree, Wing Stop, Cuts Galore, Metro PCS, Fast Signs, Ross Dress for Less, Rent-A-Center, Big 5 Tire & Auto, Capital One Bank and Walgreens. Area demographics include a population of 90,617 within a 15-minute drive-time earning $62,265 as the average household income.

For details, contact Susan Mazarakes-Gill, Longview Economic Development Corp.; 903-753-7878, Fax 903-753-3646; Web site: www.longviewusa.com.

Virginia Alexandria – Rose Hill Plaza, located at the intersection of Franconia Road and Rose Hill Drive, has spaces available of 1,684 sq.ft.; 3,400 sq.ft.; 4,109 sq.ft. and 5,512 sq.ft. along with a 4,000 sq.ft. pad site. Cotenants include Safeway, Rite Aid and Tuesday Morning. Also, Shoppers Penn Daw, located at the intersection of Kings Highway and Route 1, has a 4,800 sq.ft. space available along with a 53,380 sq.ft. anchor space.

Cotenants include Shoppers Food and CVS. (continued on page eighty-eight)

Leasing

Connecticut Massachusetts Vermont New Hampshire Maine

Tenant Representation Shopping Center Sales

BRATTLEBORO, VERMONT PUTNEY ROAD (ROUTE 5)

PUTNAM, CONNECTICUT PROVIDENCE PIKE (RTE 44)

Up to 12,000 SF Available for Lease

♦ ♦ ♦

Join Tractor Supply & Better Bedding!

103,000 SF Royal Square Retail Shopping Center Join Staples, Peebles, Dollar Tree, Sleepy’s, Consumer Auto Parts, Olympia Sports & more Easy Access to I-91 at Exit 3; High Visibility

EAST HAVEN, CONNECTICUT FRONTAGE ROAD

♦ ♦ ♦

1,500-8,080 SF Remaining (subdividable) Immediate Occupancy in this 32,000 SF Center Neighbors Include: CVS, WalMart, Stop & Shop, Big Lots!, Sears, Wendy’s, Advance Auto & more

BLOOMFIELD, CONNECTICUT COTTAGE GROVE RD (RTE 218)

East Haven Green-187,000 SF Shopping Ctr

Copaco Shopping Ctr-Available for Lease

♦

♦

♦ ♦

2,500 - 23,600 Sq Ft Remains Available for Lease High visibility from I-95 & Rte 1; Parking: 430 spcs.

Join Home Depot, AutoZone, Gelvani Liquors, Wendy’s & many more

♦ ♦

3,263-21,000 SF Remains (subdividable) Available Services northern suburbs of Hartford County Join Lowe’s, Stop & Shop, Burlington Coat, CVS, IHOP, McDonalds, Firestone & more

PROPOSED DEVELOPMENT OPPORTUNITIES

COLCHESTER, CONNECTICUT RTE 85 & LAKE HAYWARD RD

CANTON, CONNECTICUT ALBANY TURNPIKE (RTE 44)

CANTON COLCHESTER VALLEY SHOPPES COMMONS

(Located at the corner of Route 44 & Lawton Rd)

(Located at the corner of Rte 85 & Lake Hayward Rd) ♦ ♦ ♦ ♦

Up to 50,000 SF to be built with Outparcels Ideal for Retail, Medical or Financial Uses Servicing Colchester, Hebron, Glastonbury, Amston, Lebanon & Columbia Join Tractor Supply Store; Zoned Commercial

Phone(860) 529-9000

♦ ♦ ♦ ♦ ♦

Up to 60,000 SF with a 6,000 SF Outparcel Ideal for Retail, Medical or Financial Uses Join CVS Pharmacy (coming soon) Servicing Canton, Avon, Simsbury, Farmington & New Hartford Neighbors Include: Kohl’s, ShopRite, Old Navy, Dick’s Sporting Goods, Ethan Allen & many more

www.newenglandretail.com

150 Hartford Avenue, Wethersfield, Connecticut 06109

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Space Place Virginia

(continued from page eighty-six)

Chantilly – Sully Plaza, located at the intersection of Route 50 and Centreville Road, has a 1,573 sq.ft. space available along with a 2,851 sq.ft. pad site and a 40,373 sq.ft. anchor space. Cotenants include Shoppers Food, CVS and Kincaid Furniture.

Sterling – Sugarland Crossing, located at the intersection of Route 7 and Community Place, has spaces available of 2,257 sq.ft.; 2,495 sq.ft.; 3,399 sq.ft. and 5,350 sq.ft. Cotenants include Shoppers Food, The Room Store and Burlington Coat Factory.

For details regarding Rose Hill Plaza, contact Eric Collich, Combined Properties, 202736-2804; Email: ecollich@combined.biz.

For details regarding Shoppers Penn Daw, contact Eric Collich or Numa Jerome; 202-736-2841; Email: njerome@combined.biz.

For details regarding the Chantilly property, contact Numa Jerome or Stephanie Cramer; 202-736-2827; Email: scramer@combined.biz.

For details regarding the Sterling property, contact Greg Hull; 202-736-2853; Email: ghull@combined.biz.

Fredericksburg – Cosner’s Corner, a 20,000 sq.ft. center located within a 628,090 sq.ft. power center along Jefferson Davis Highway, has spaces available from 1,200 sq.ft. to 10,000 sq.ft. Area retail includes

Virginia

Virginia

SuperTarget, Dick’s Sporting Goods, Cost Plus World Market and Ross Dress for Less.

Area demographics include a population of 81,093 within five miles earning $85,311 as the average household income. The average daily traffic count is 55,000 vehicles. Reston – Plaza America, a 62,549 sq.ft. mixed-use center located along Plaza America Drive, has spaces available of 1,309 sq.ft.; 1,321 sq.ft.; 1,634 sq.ft.; 2,104 sq.ft. and 2,518 sq.ft.

Area retail includes Whole Foods Market, CVS, Michaels, Fitness First and Modell’s.

Area demographics include a population of 210,721 within five miles earning $151,245 as the average household income. Also, Tall Oaks Shopping Center, a 71,742 sq.ft. center located at the intersection of North Shore Drive and Wiehle Avenue, has spaces available from 1,980 sq.ft. to 3,353 sq.ft. Compare Foods Supermarket anchors the center and cotenants include Kumon Learning Center, Fur Factory, Pho Reston 75, Paradise Nails, Domino’s Pizza, MaMa Wok, Vocelli Pizza, Tall Oaks Cleaners, Hair Master, El Manantial, Paisanos and Curves.

Area demographics include a population of 95,783 within three miles earning $132,730 as the average household income.

For details regarding the Fredericksburg property, contact Jerry Taylor, Renaud Consulting, 8605 Westwood Center Drive,

Suite 309, Vienna, VA 22182, 571-7654428; Email: jtaylor@renaudconsulting.net; Web site: www.renaudconsulting.net. For details regarding the Reston properties, contact Marty Flax; 571-765-4422; Email: mflax@renaudconsulting.net.

Herndon – Dulles Park Shopping Center has a 5,000 sq.ft. restaurant space available.

Cotenants include Bloom, CVS, RadioShack and Starbucks.

For details, contact John Mitchell or Chris Wilkinson, JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301-657-7336/7321; Emails: jmitchell@jbgr.com and cwilkinson@jbgr.com; Web site: www.jbgr.com.

Petersburg – Walnut Hill Plaza, an 89,907 sq.ft. center located at the intersection of South Crater Road/Route 301 and South Boulevard, has spaces available of 2,850 sq.ft.; 3,720 sq.ft. and 6,324 sq.ft.

Butterworth’s Furniture anchors the center and cotenants include Save-A-Lot, Family Dollar, CitiTrends, Simply Fashion, Top’s China, Pro Tax, Rent-A-Center, RIC Nails, Crusader Cash Advance, Beauty World and Maxway. Area demographics include a population of 66,236 within five miles (continued on page ninety)

Specializing in Retail Brokerage in Pennsylvania, Maryland & West Virginia Owner Representation Site Selection Investment Analysis Market Research

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 Booth #S245 S St.

Ryan Myers, CCIM Larry O’Brien, CCIM Benjamin Chiaro, CCIM John Birkeland Greg Finkelstein

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

717.854.5357 www.rockrealestate.net page 88

May 27, 2011

The

Dealmakers

www.dealmakers.net

is Buying

BRinging SpEEd and CERtainty to EvERy tRanSaCtion

Brauvin Real Estate is actively seeking single-tenant net-leased properties throughout the country.

BRauvin CRitERia • • • • • •

BRauvin BEnEfitS

Sale-leaseback opportunities Short or long term leases Population > 50,000 within 5-mile Deal size up to $6MM per asset Portfolios up to $50MM Credit and non-credit tenants

Eric D. Saltzman (312) 759-7668 esaltzman@brauvin.com

• Completely discretionary capital • Ability to close within 30 days or less • All cash - no financing contingencies • 30+ years of retail expertise • High degree of closing certainty

Mark C. Lewensohn (312) 759-7662 mlewensohn@brauvin.com

www.brauvin.com

Drew D. McElligott (312) 759-7663 dmcelligott@brauvin.com

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SITES WANTED! NATIONWIDE & PUERTO RICO

Visit us at ICSC REDo n Booth S476 N Street

BRAG ABOUT IT™ Burlington Coat Factory, a national retail chain offering current, high-quality, designer and name-brand merchandise for the entire family up to 60% off department store prices every day, provides a broad selection of product categories. Departments include ladies’ sportswear, menswear, family footwear, children’s clothing, furniture and accessories for baby at Baby Depot, home décor and gifts, along with the largest selection of coats in the nation for the entire family. Burlington Coat Factory, founded in 1972, has expanded from a single store selling coats to a multidepartment retail chain with more than 460 stores in 44 states and in Puerto Rico. For more information about Burlington, visit www.BurlingtonCoatFactory.com.

Please feel free to send site submittals to real.estate@coat.com.

Site Criteria: 60,000 sf to 80,000 sf Mall, Strip Center, Power Center and Freestanding page 90

May 27, 2011

044004_April_RealEstate4.875x10.indd 1

The

Dealmakers

www.dealmakers.net

4/18/11 1:43 PM

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Space Place Virginia

(continued from page eighty-eight)

earning $54,131 as the average household income. The average daily traffic count is 17,000 vehicles.

For details, contact Angelica Beltran, Wheeler Real Estate Co., 2529 Virginia Beach Boulevard, Virginia Beach, VA 23452; 757-627-9088, Fax 757-627-9081; Email: angelica@wheelerrec.com; Web site: www.wheelerint.com.

Wytheville – A 26,940 sq.ft. freestanding building located along East Main Street is available.

For details, contact William Smith, Smith Enterprises, 395 Chapman Road, Wytheville, VA 24382; 276-228-5985, Fax 276-2285987; Email: wjs00@hotmail.com.

Washington Lacey – A space located along Alderwood Court Southeast is available. Also, an 18,000 sq.ft. center located at the intersection of Martin Way and Hoh Street has space available.

Cotenants include Aych Electronics, ABN Technology, Coffee N Roll, Martin Way Hair Nails and Wok On Fire.

For details, contact Montie Montgomery, Sound Advisors, LLC, 7024 Alderwood Court Southeast, Lacey, WA 98503; 360-791-1863, Fax 866-422-3898; Email: mjmint@comcast.net.

Washington, DC Washington D.C. – A 1,676 sq.ft. space with an outdoor patio located along 18th Street is available. Area retail includes A Little Shop of Flowers. Area demographics include a population of 13,552 within one mile earning $74,090 as the average household income.

For details, contact Christina Davies or Chris Harlepp, Madison Retail Group; 202-730-2022/2014; Emails: christina.davies@madisonretailgroup.com and chris.harlepp@madisonretailgroup.com; Web site: www.madisonretailgroup.com.

Washington D.C. – A 1,789 sq.ft. space located along H Street Northeast is available.

Area draws include Atlas Performing Arts Center and H Street Playhouse. Area demographics include a population of 270,042 within three miles earning $61,873 as the average household income. The asking rent is $35 psf NNN. For details, contact Freddie Lewis Archer, Lewis Real Estate Service, 529 14th Street Northwest, Suite 943, Washington, DC 20045; 202-585-1143, Fax 202-662-7246; Email: freddie@lewisservices.com. DM

GET TOGETHER

Good business is not just about where you’ve been - it’s about where you’re GoinG next. the next connection. the next lead. the next deal. the next move. at the retail network, we brinG retail real estate professionals toGether in innovative ways, helpinG to set the framework for the future of this industry. because it’s not just about the individual – it’s about all of us. it’s about how we come toGether to form a like-minded community, one that’s advanced not only by innovation, but by inteGrity, support and, most of all, passion.

InspIRInG. ImpROvInG. TOGETHER.

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Most Valuable Players 7-Eleven.................................................................................. Pg. 29

Cedar Shopping Centers, Inc................................................... Pg. 15

Acadia Realty Trust.................................................................. Pg. 23

Children of America................................................................ Pg. 21

AEI Capital Corp....................................................................... Pg.84

City of Bowie, Maryland.......................................................... Pg. 44

AmCap, Inc............................................................................. Pg. 83

Coremark Group, LLC............................................................. Pg. 81

Arco.......................................................................................... Pg. 7

Courtelis Co............................................................................ Pg. 82

AutoZone................................................................................ Pg. 26

Cullinan Properties, Ltd........................................................... Pg. 38

Bob Bassel Realties, Inc........................................................... Pg. 60

Dealmakers, The.................................................. Pgs. 74, 78, 92, 93

Brauvin Real Estate.................................................................. Pg. 89

DLC Management Corp.......................................................... Tip-On

Burlington Coat Factory........................................................... Pg. 90

DJM Realty.............................................................................. Pg. 43

Carnival Booking, Inc.............................................................. Pg. 67

Dots........................................................................................ Pg. 19 Equity One, Inc....................................................................... Pg. 27 Excess Space Retail Services, Inc. ........................................... Pg. 35 Feil Organization, The..................................................... Back Cover Goddard School, The.............................................................. Pg. 41

President/Publisher.............................. Ann O'Neal

Gumberg Asset Management Corp.......................................... Pg. 73

ann@dealmakers.net

Hekman Badhwar Global Partnership...................................... Pg. 58

Vice President .................................. Alyson Parker

Julius M. Feinblum Real Estate, Inc.......................................... Pg. 77

alyson@dealmakers.net

Kamin Realty Co. . .................................................................. Pg. 58

Art Director................................. Anthony Pingicer

Kay Realty Services, LLC.......................................................... Pg. 84

anthony@dealmakers.net

Kin Properties, Inc............................................................Pg. 59, IBC

Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Customer Service....................... Bridget Thoresen

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page 93

Most Valuable Players Landmark Commercial Real Estate, Inc.................................... Pg. 72

River Park Development.......................................................... Pg. 51

Learning Experience, The........................................................ Pg. 45

Rock Commercial.................................................................... Pg. 88

LMS Commercial Real Estate................................................... Pg. 79

Royal Properties, Inc. . ............................................................ Pg. 57

Longview Economic Development Corp. . .............................. Pg. 46

Sax Realty, Inc......................................................................... Pg. 76

Mall Properties, Inc................................................................... Pg. 9

Silbert Realty and Management Co., Inc.................................. Pg. 68

Mehlich Associates.................................................................. Pg. 50

Spirit Halloween...................................................................... Pg. 25

Milbrook Properties, Ltd.......................................................... Pg. 33

SPL Realty Partners.................................................................. Pg. 32

NAI Daus................................................................................ Pg. 80

Summit Downtown, Inc. ........................................................ Pg. 48

Nassimi Realty, LLC................................................................. Pg. 85

Tenants by Mail....................................................................... Pg. 52

New England Retail Properties, Inc.......................................... Pg. 87

TenantSearch........................................................................... Pg. 86

Northeast Retail Leasing & Management Co., LLC................... Pg. 40

Urstadt Biddle Properties, Inc. ................................................ Pg. 30

Northwest Atlantic Real Estate Services.................................... Pg. 69

Vanguard-Fine, LLC................................................................. Pg. 88

Paster Enterprises, LLC............................................................. Pg. 75

Weingarten Realty................................................................... Pg. 11

Pyramid Brokerage Co............................................................. Pg. 34

Welco Realty, Inc.................................................................... Pg. 39

R.J. Brunelli & Co., Inc............................................................ Pg. 42

Winick Realty Group, LLC.............................................Pgs. IFC, 3, 5

RD Management, LLC.......................................................Pgs. 61-64

Witherell Real Estate................................................................ Pg. 66

Real Estate Southeast, LLC....................................................... Pg. 65

Wolfson Verrichia Group, Inc. . ....................................... Pgs. 36, 37

Reliable Properties................................................................... Pg. 31

World Group Commercial Real Estate..................................... Pg. 49

Retail Network, The................................................................. Pg. 91

Zelnik & Co., LLC.................................................................... Pg. 17

Rivercrest Realty Investors....................................................... Pg. 47

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What you’ve missed in the last 47 issues

• 2,300,000 locations of retailers with plans to open 150,000 sites • $27 billion to be bought, sold and financed • Leasing activity on over 600 million sq.ft. of retail property

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Expedite your order by faxing the completed form to 609-587-3511 P.O. Box 2630 | Mercerville, NJ 08690 | 800-732-5856 or 609-587-6200 | Fax 609-587-3511 | www.dealmakers.net page 94

May 27, 2011

The

Dealmakers

www.dealmakers.net

New York Retail Opportunities COMMACK SHOPPING CENTER

COMMACK, NY 9,840 SF

COMMACK CORNERS

End Cap Space Also Available Inline Space

9,840 SF

ZANRA

KARATE

HIBACHI RESTAURANT

FLORIS SPA

3,330 SF

HARMON FACE VALUES

3,300 SF

JEWELRY EXCHANGE

PIZZA

BAGELS

COMMACK PLAZA

BARBER MIRACLE EAR CLEANERS

COMMA

VISION LAUNDRY

CK ROA

FLOWERS

ANS M

EMORIA

D

VETER

L HIGH

WAY

• Strategically located at the high-traffic intersection of Veterans Memorial Highway and Commack Road in an upscale Suffolk County marketplace • Situated in one of the country’s most affluent growth areas with powerful demographics

JERICHO TURNPIKE

GLEN OAKS SHOPPING CENTER

GLEN OAKS, NY 625 TO 3,141 SF

255 th

STRE ET

EET

VITALITY DRUGS

UNION TURNPIKE

2,080 SF

(sub-tenant)

1,365 SF PIZZA VISION 1,550 SF

3,141 SF

1,112 SF

625 SF

BAGELS

JEWELRY

NAIL SALON

TACO KING

RESTAURANT

US POST OFFICE

LIBRARY

• Dynamic urban location on Union Turnpike, a major east-west artery that links Queens with Long Island

609 PARKING SPACES

h STR

• Open-air center anchored by Waldbaum’s Supermarket and Burlington Coat Factory enjoys a steady flow of pedestrian and vehicular traffic

260t

End Cap Can Be Combined For Up To 10,000 SF

75th AVENUE

LOWER LEVEL

Visit us at S249 Q Street at RECon 2011.

Owner/Manager 7 Penn Plaza, NY 10001 | feilorg.com | 212 563 6557 Randy Briskin | rbriskin@feilorg.com | x218 Ari Benmosche | abenmosche@feilorg.com | x275

Nothing Beats 50 Years of Stability.