Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XX
May 29, 2009
Supermarkets Expand Nationwide Trader Joe’s operates 300 locations throughout AZ, CA, CT, DE, GA, IL, IN, MA, MD, MI, MN, MO, NC, NJ, NM, NY, OH, OR, PA, RI, TN, VA, WA, WI and Washington D.C. The grocery stores occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in freestanding locations, malls and power, specialty and strip centers. Growth opportunities are sought throughout the central and northern counties of NJ and Rockland County, NY during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years. Specific improvements are required. For more information, contact Ron Deluca, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732721-9241; Email: rdeluca@njretailrealty.com; Web site: www.njretailrealty.com. Binkowski Buy For Less trades as Buy For Less, Valu Foods and Super Mercado at 12 locations throughout OK. The supermarkets, featuring meat, produce, floral, bakery and gourmet food departments as well as a pharmacy, occupy spaces of 30,000 sq.ft. to 62,000 sq.ft. in freestanding locations and strip centers. Plans call for one to two openings throughout the existing market during the coming 18 months. Typical leases run three years. A vanilla shell is required. Major competitors include Wal*Mart. For more information, contact Dave Richards, Binkowski Buy For Less, 2129 West Hefner Road, Oklahoma City, OK 73120; 405-302-6273, Fax 405-302-0366; Web site: www.buyforlessok.com.
Yoke’s Foods, Inc. trades as Yoke’s Fresh Market at 12 locations throughout ID and WA. The independent, employee-owned grocery stores, featuring bakery, deli, floral, meat and seafood, natural foods, produce and wine departments, in addition to a cheese shop and pharmacy, occupy spaces of 50,000 sq.ft. to 56,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets and MT during the coming 18 months. For more information, contact Denny York, Yoke’s Foods, Inc., PO Box 141268, Spokane, WA 99214; 509-921-2292, Fax 509-921-6801; Email: dyork@yokesfoods.com; Web site: www.yokesfoods.com. Big Saver Foods operates 16 locations throughout CA. The grocery stores occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding locations, urban/downtown areas and power and strip centers. Growth opportunities are sought throughout southern CA during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 100,000 within two miles earning $30,000 as the average household income. Major competitors include R-Ranch Markets. The company prefers to locate in areas with high pedestrian and vehicle traffic counts. For more information, contact Ukabhai Solanki, Big Saver Foods, 4260 Charter Street, Vernon, CA 90058; 323-582-7222, Fax 323582-2331. (continued on page seven)
This issue contains information on:
* Retailers operating 16,234 locations with plans to open 1,587 sites * Real estate valued in excess of $59.86 million to be bought, sold & financed * Leasing activity on over 4.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus New Construction Atlantic Retail Properties is preleasing a power center in Springfield, MA..................... Pg. 3 Protea Properties is redeveloping Flower Hill Promenade in Del Mar, CA... Pg. 3 Openings Woof Gang Bakery plans to open two locations in Sarasota, FL....... Pg. 4 H&M will open a location in Ontario, CA........................... Pg. 13 Buyers & Sellers Premier Commercial Realty is selling development parcels in Marengo, IL....................... Pg. 5 In The News Robert K. Futterman & Associates hired Scott P. Lifschultz as a senior vice president................. Pg. 6 Bankruptcies & Closings Fatburger, Inc.’s CA and NV divisions filed for Chapter 11 bankruptcy protection............ Pg. 6 Food Retailers Expand Teriyaki Experience looks for sites throughout AZ, CA, FL, GA, IA, KS, NE and western NY Pg. 6 Exclusives Welco Realty, Inc. represents a number of retailers with their expansion plans............. Pg. 8 Lease Signings Katz & Associates negotiated leases with Michaels and Scheels in Rapid City, SD...... Pg. 8 Lead Sheet Stein Mart looks to expand nationwide............................ Pg. 9 Crown Trophy seeks sites nationwide............................ Pg. 12 Space Place........................... Pg. 14
For more news go to: www.dealmakers.net
New Construction FirstService Williams is preleasing a mixed-use center located along Danbury Road in Ridgefield, CT. A 4,800 sq.ft. retail space is available. Area retail includes Starbucks, Talbots, Kohl’s, Super Stop & Shop, HSBC, Bank of America, Sleepy’s, Carvel, RadioShack, Blockbuster Video and Baskin Robbins. Area demographics include a population of 40,087 within a five-mile radius earning an average household income of $179,158. The asking rent is $45 psf NNN. The center is slated to open this spring. For more information, contact Christian C. Bangert, FirstService Williams; 203-9616595; Email: cbangert@fswre.com.
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................ Nicholas Hamner nicks@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder................................................... Ted Kraus 1979–2007
The Dealmakers TM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2009 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
Atlantic Retail Properties is preleasing Litchfield Crossings, a 282,000 sq.ft. power center located along Route 7 in New Milford, CT. Target anchors the center and spaces from 7,000 sq.ft. to 30,000 sq.ft. are available. The center is slated to open during the spring. The company is also preleasing a 200,000 sq.ft. regional center located along Route 53 in Hanover, MA. Target anchors the center and spaces of 1,600 sq.ft. to 16,700 sq.ft. are available along with a pad site. The center is slated to open during the fall. The company is also preleasing Norfolk Commons, an 86,715 sq.ft. center located along Main Street in Norfolk, MA. Walgreens anchors the center and spaces are available from 1,000 sq.ft. to 15,580 sq.ft. along with a bank pad. The center is slated to open during the fall. The company is also preleasing a 137,518 sq.ft. center located along Route 1 in Saugus, MA. A 3,500 sq.ft. bank pad is available along with spaces of 7,000 to 65,000 sq.ft. The center is slated to open during the fall. The company is also preleasing Springfield Crossing, a 450,000 sq.ft. power center located at the intersection of Page Boulevard and Route 291 in Springfield, MA. Spaces up to 150,000 sq.ft. are available. The center is slated to open during the fall. The company is also redeveloping a two-acre parcel located at the intersection of Route 9 and Lymon Street in Westborough, MA. A one-acre parcel, buildable up to 6,500 sq.ft., is available. The project is slated for completion during the spring. The company is also preleasing Worcester Crossing, a 350,000 sq.ft. center located along Route 146 in Worcester, MA. Wal*Mart Supercenter anchors the center. Spaces of 1,500 sq.ft. to 25,000 sq.ft. are available along with a 4,000 sq.ft. bank pad and a 7,200 sq.ft. restaurant pad. The center is slated to open during the third quarter. The company is also preleasing Indian Brook Commons, a 110,000 sq.ft. center located at the intersection of Route 108 and Route 9 in Dover, NH. Staples anchors the center. Spaces of 10,000 sq.ft. to 68,000 sq.ft. are available. The center is slated to open during the fall. The company is also preleasing a 108,000 sq.ft. center located along Durgin Lane in Portsmouth, NH. Christmas Tree Shops and Bed Bath & Beyond anchor the center. A divisible 33,800 sq.ft. space is available. The center is slated to open during the summer. The company is also preleasing a 9,000 sq.ft. pad site located at the intersection of Route 138 and Route 114 in Middletown, RI. The site is slated to open during the third quarter. The company is also developing Dowling Village, a 615,000 sq.ft. center located at the intersection of Route 146 and Route 146A in North Smithfield, RI. A divisible 110,000 sq.ft. space is available along with two restaurant www.dealmakers.net
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pads and a 5,000 sq.ft. pad. The center is slated to open during the fall of 2010. For more information, contact Atlantic Retail Properties, 67 Batterymarch Street, Boston, MA 02110; 617-239-3600, Fax 617239-3650; Web site: www.atlanticretail.com. KeyPoint Partners is developing an 11,659 sq.ft. strip center located along Newbury Street in Peabody, MA. The company is also developing a 165,000 sq.ft. center located at the intersection of Cranberry Highway and Tobey Road in Wareham, MA. The company is also developing a one-acre pad site located along East Main Street in Webster, MA. The company is also developing a 3,370 sq.ft. strip center located along Berry Avenue in Yarmouth, MA. The company is also preleasing Stop & Shop Plaza, a 63,506 sq.ft. center located along Route 49/Voluntown Road in Stonington, CT. Stop & Shop and Regal Cinemas anchor the center and a divisible 9,135 sq.ft. space is available. The center is slated to open during the spring. For more information regarding the Peabody, MA property, contact Brian Callahan or Terrence Riley, KeyPoint Partners, One Burlington Woods Drive, Burlington, MA 01803; 781-273-5555; Web site: www.keypointpartners.com. For more information regarding the Wareham and Webster, MA and Stonington, CT properties, contact Don Mace. For more information regarding the Yarmouth, MA property, contact Don Mace or Brian Callahan. Protea Properties is redeveloping Flower Hill Promenade, a 112,116 sq.ft. neighborhood center situated on 15.14 acres along Via de la Valle in Del Mar, CA. A proposed Whole Foods Market will anchor the center and cotenants include Thinker Things and Sweetpea. The redevelopment would increase the center’s GLA to 173,097 sq.ft. For more information, contact Protea Properties, 3262 Holiday Court, Suite 100, La Jolla, CA 92037-1811; 858-457-5593. Southern Pine Plantation Commercial Group, LLC is developing a 65,000 sq.ft. center located at the intersection of Bass Road and Bowman Road within Bass Plantation, a 300-acre master planned community in Bibb County, GA. The project is anchored by Publix and cotenants include Margaritas Mexican Grill, Signature Day Spa and Subway. Area retail includes Mellow Mushroom. The center is slated to begin phased openings during June. For more information, contact Southern Pine Plantation Commercial Group, LLC, 6501 Peake Road, Building 800, Macon, GA 31210; 478-477-0000, Fax 478-477-2111; Web site: www.sppcommercial.com. DM
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Who’s Opening and Where Apple, Inc. (408-996-1010) is slated to open a 15,000 sq.ft. Apple store at the intersection of North Avenue, Clybourn Avenue and Halsted Street in Chicago, IL. The stores offer Apple computers, software and electronics. Woof Gang Bakery, LLC (877-558-7328), through a franchisee, will open Woof Gang Bakery locations along Bee Ridge Road and along Osprey Avenue in Sarasota, FL later this year as part of a plan to open 12 franchised locations during the next two years. The pet boutiques, offering fresh-baked dog treats, specialty foods for cats and dogs and pet clothing and toys, occupy spaces of 600 sq.ft. to 1,500 sq.ft. in strip centers with tradearea demographics including a population earining an average household income of $85,000 and an average daily traffic count above 15,000 vehicles. Papa Murphy’s International, Inc. (360260-7272), through franchisee Arkel Food Services, LLC, will open 15 Papa Murphy’s pizza shops throughout Lafayette and suburban New Orleans, LA during the next four years. The stores, offering custom-made pizzas to be prepared at home, are slated to begin opening during 2010.
Red Mango, Inc. (310-215-4888), through franchisee SEKA, LLC, will enter the Boston, MA market during the summer with its Red Mango Authentic Frozen Yogurt Shoppes concept. The company also plans, through franchisees, to enter the IN, KS, MA, MO, TN, TX and WI markets. The company currently operates 40 of the frozen yogurt shops nationwide. Nordstrom, Inc. (206-628-2111) plans to open 32 Nordstrom and 28 Nordstrom Rack locations by the end of 2012, including 10 Nordstrom Rack locations this year. The company currently operates 109 Nordstrom units, which are full-line department stores, and 56 Nordstrom Rack units, which are outlet stores, nationwide. NexCen Brands, Inc. (212-277-1100), through a franchisee, is slated to open 40 Great American Cookies locations throughout Canada during the next 10 years. The company recently opened its first Great American Cookies store in the country, a cobranded site featuring Marble Slab Creamery, at Chinook Centre, located in Calgary, Alberta, Canada. The opening was the 41st Marble Slab Creamery in the country.
Saks, Inc. (212-940-5305) will open four Saks Fifth Avenue Off 5th stores this year. The company opened four of the outlet stores last year and typically opens three to five locations annually. The company currently operates 53 Saks Fifth Avenue locations nationwide, in addition to the Off 5th outlets. The Neiman Marcus Group, Inc. (214-7437600) will open three Neiman Marcus Last Call outlet stores this year. Crafts 2000 (734-242-2933) is planning to open a 64,000 sq.ft. store in a former Steve & Barry’s site at Ohio Valley Mall, located in St. Clairsville, OH. The store, featuring craft, floral, framing, sewing, scrapbooking and art supplies, is scheduled to open during the summer. The company currently operates locations throughout OH, PA and WV. USA Pawn & Jewelry Co. (520-770-9100) will open two USA Pawn & Jewelry pawn shops in OR along with one in AZ. The company currently operates nine pawn shops throughout AZ and OR and recently disposed of 11 pawn shops in Las Vegas, NV that traded under the Pawn Plus trade name. (continued on page thirteen)
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Buyers and Sellers Battery Commercial is selling a Walgreens site located in Fort Pierce, FL. The tenant is bound to a 25-year NNN lease. Area retail includes Wal*Mart and Home Depot. The asking price is $6.5 million with a Cap rate of 7%. The company is also selling a Walgreens site located in Fruita, CO. The tenant is bound to a 25-year NNN lease. The asking price is $4.675 million with a Cap rate of 7.6%. The company is also selling a Walgreens site located in McPherson, KS. The tenant is bound to a 25-year NNN lease. Area retail includes Wal*Mart and McDonald’s. The asking price is $4.455 million with a Cap rate of 7.3%. The company is also selling a Walgreens site located in Modesto, CA. The tenant is bound to a 25-year NNN lease featuring 10% rent escalations every 10 years and options. The asking price is $5.8 million with a Cap rate of 7.125%. The company is also selling a Walgreens site located in North Highlands, CA. The tenant is bound to a 25-year NNN lease. The asking price is $5.645 million with a Cap rate of 7.3%. The company is also selling a Walgreens site located in Shawnee, KS. The tenant is bound to a 25-year NNN lease. Area demographics include a population of 200,000 within a five-mile radius. The asking price is $4.565 million with a Cap rate of 7.3%. For more information, contact John Giordani or Art Griffith, Battery Commercial, 500 Washington Street, 4th Floor, San Francisco, CA 94111; 415-577-9311 or 415-730-3024, Fax 415-963-4744/4742; Emails: jg@batterycommercial.com and atg@batterycommercial.com. Premier Commercial Realty is selling four development parcels of 0.75 acres; 1.03 acres; 1.6 acres and 1.7 acres located along Route 176 in Marengo, IL. The 0.75-acre parcel is available for $164,000. The 1.03acre parcel is available for $200,250. The 1.6-acre parcel is available for $257,520. The 1.7-acre parcel is available for $364,437. The three largest parcels are adjacent and may be combined. For more information, contact Bruce Kaplan, Premier Commercial Realty, 9225 South Route 31, Lake in the Hills, IL 60156; 847-854-2300 Ext. 20, Fax 847-854-2380; Web site: www.premier-comm.com. M&I Consulting Group is selling an 88-acre partially-improved development site located in the Midwest. The bank-owned property was to feature a 300-unit multifamily component and a 240,000 sq.ft. retail component. For more information, contact M&I Consulting Group; 781-526-1395; Email: merrill342@aol.com.
Holliday Fenoglio Fowler, LP is selling leasehold interests of two Wells Fargo sites located at the intersection of Via De La Valle and San Andreas Drive in Del Mar, CA and at the intersection of Rancho Bernardo Road and Bernardo Center Drive in Rancho Bernardo, CA. The properties can be acquired individually or in a portfolio. For more information, contact Bill Rose, Zack Holderman or Rob Hinckley, Holliday Fenoglio Fowler, LP, 3655 Nobel Drive, Suite 140, San Diego, CA 92122; 858-8122342/2350/2349, Fax 858-552-7695; Emails: brose@hfflp.com, zholderman@hfflp.com and rhinckley@hfflp.com; Web site: www.hfflp.com. NAI BT Commercial is selling an Edwin Watts site located in Charleston, SC. The tenant is bound to a 12-year NNN lease. Area retail includes Citadel Mall, featuring Belk, Dillard’s, JCPenney, Sears and Target. The asking price is $2.273 million. The company is also selling Staples Retail Center, located in Fairfield, CA. Tenants include Staples and Starbucks. Area retail includes Westfield Solano Shopping Center. The asking price is $8.084 million. For more information, contact Michael Maffia, NAI BT Commercial, 201 California Street, Suite 800, San Francisco, CA 94111; 415-677-0478, Fax 415-856-3381; Email: maffiateam@naibt.com; Web site: www.maffiateam.com. Epsteen & Associates is selling an 18,472 sq.ft. Trader Joe’s situated on a land area of 47,916 sq.ft. along De La Vina Street in Santa Barbara, CA. The tenant is bound to a lease set to expire during November 2013 featuring three, five-year options and rent escalations up to 12% every five years. The NOI is $496,527. The asking price is $7.95 million with a Cap rate of 6.25%. For more information, contact Phillip Kyle or Mike Hieshima, Epsteen & Associates, 5034 Carpinteria Avenue, Carpinteria, CA 93013; 805-684-7767 Ext. 101/102, Fax 805684-7776; Web site: www.epsteen.com. Betz Commercial Brokerage is selling Crosby Plaza Shopping Center, a 33,820 sq.ft. center situated on 3.042 acres along FM 2100 in Crosby, TX. The center is 45% occupied with tenants including Woodforest Bank and Advance America. The asking price is $1.895 million. For more information, contact Gloria Parrino, Betz Commercial Brokerage, 4900 Woodway Drive, Suite 815, Houston, TX 77056; 713-892-5015 Ext. 224, Fax 713-892-5300; Email: gparrino@betzcompanies.com. www.dealmakers.net
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Atlas Partners Commercial Brokerage, LLC, on behalf of a client, is looking to acquire a one-story 10,000 sq.ft. building located in the West Loop, River North or Lincoln Park areas of Chicago, IL. For more information, contact Gwen Callans, Atlas Partners Commercial Brokerage, LLC, 55 East Monroe Street, Suite 2910, Chicago, IL 60603; 312-516-5705, Fax 312516-5710; Email: gwen@atlaspartners.com. Moody Rambin Interests is selling a 54,400 sq.ft. center situated on 5.73 acres along Jones Road in Houston, TX. The center is 75% occupied with tenants including Velocity Sports, Tuscany Day Spa and Double Dave’s Pizza. The NOI is $204,029. The asking price is $4.6 million. A $4 million non-recourse note with a fixed interest rate of 5.79% and a 10-year term is available for assumption with a 1% assumption fee. For more information, contact Moody Rambin Interests, 1455 West Loop South, Suite 700, Houston, TX 77027; 713773-5500, Fax 713-773-5555; Web site: www.moodyrambin.com. Byrne Co. is selling a 2.19-acre parcel located at the intersection of Harwood Road and Precinct Line Road in Hurst, TX. The property is occupied by Aldi under a 20-year ground lease begun during June 2008. The NOI is $147,000. The asking price is $2.434 million. For more information, contact Sean M. Byrne, Byrne Co., 8525 Ferndale Road, Suite 100, Dallas, TX 75238; 214-343-6996; Email: sean@byrnecompany.com. ArciTerra Group, LLC, on behalf of a client, is looking to acquire AutoZone, O’Reilly Auto Parts and Advance Auto sites located throughout AZ and FL. Suitable properties feature asking prices below $1.5 million and must be able to close before the end of July. For more information, contact Ryan D. O’Connell, ArciTerra Group, LLC, 2720 East Camelback Road, Suite 220, Phoenix, AZ 85016; 602-424-3419, Fax 602-956-4494; Email: ryan.oconnell@arciterra.com. Manifest Partners Realty Advisors, on behalf of a client, is looking to acquire properties located throughout the New York, NY metropolitan area. Suitable properties feature tenants bound to NN and NNN leases and are priced between $1 million and $10 million with Cap rates ranging from 7.5% to 8%. For more information, contact Steven Angelo Bruno, Manifest Partners Realty Advisors; 646-403-9841, Fax 646-530-8430; Email: steven@brunore.com. DM
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Real Estate Professionals Making the News AmCap, Inc. (203-327-2001) promoted Jake Bisenius to executive vice president. He will serve as head of the company’s acquisitions group as well as its capital markets/fundraising groups. Prior to joining the company, Bisenius served in the acquisitions and capital markets group of Vornado Realty Trust. The company owns and manages six million sq.ft. of commercial real estate assets. NAI San Diego (619-497-2255) hired Sam Patella as a senior associate and Ross Provenzano as senior vice president. Patella and Provenzano will specialize in the sale, leasing and investment of industrial, retail and office properties throughout San Diego, CA. Prior to joining the company, Patella and Provenzano served at Award Commercial Properties. The company is a full-service commercial real estate brokerage and property management firm. Robert K. Futterman & Associates (310-5930759) hired Scott P. Lifschultz as senior vice president in the company’s Santa Monica, CA office. He will specialize in tenant and landlord representation. Grubb & Ellis (248-350-9500) promoted Mark Kowal from senior project manager to vice president, project management group. The company offers transaction, management, consulting and investment advisory services to property owners, D corporate occupants and investors. M
Bankruptcies and Closings Tumbleweed Restaurants, Inc. (502-8930323) filed for Chapter 11 bankruptcy protection during March. The company operates 37 Tumbleweed Southwest Grill restaurants throughout IN, KY and OH under corporate branding or franchise agreements. Fatburger, Inc. (310-319-1850) saw its CA and NV divisions, Fatburger Restaurants of California, Inc. and Fatburger Restaurants of Nevada, Inc. respectively, file for Chapter 11 Bankruptcy protection during April. The company currently operates 13 Fatburger restaurants in NV and 19 in CA, not including franchisees. Stock Building Supply, Inc. (919-431-1000), a subsidiary of Wolseley plc, may close in the next several months if its parent company does not find a joint venture partner. The Stock Building Supply stores sell lumber, HVAC and plumbing supplies to building and construction professionals in 200 locations D M nationwide throughout 27 states. page 6
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Food Retailers Expand Nationwide Chuck E. Cheese’s operates 500 locations nationwide and internationally. The children’s entertainment centers occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the metropolitan areas of NJ during the coming 18 months, with representation by Ripco Real Estate. Panera Bread operates 1,252 locations nationwide. The restaurants, offering sandwiches, soups, salads and dessert items, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations, endcaps and lifestyle, outlet, power, specialty and strip centers. Growth opportunities are sought throughout northern NJ and Long Island, NY during the coming 18 months, with representation by Ripco Real Estate. For more information, contact Tom Rettaliata, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516-933-2514; Email: trettaliata@ripcony.com; Web sites: www.ripcony.com, www.chuckecheese.com and www.panerabread.com. Manchu Wok, Inc. trades as Manchu Wok at 200 locations nationwide and internationally. The Chinese restaurants occupy spaces of 500 sq.ft. in food courts. Growth opportunities are sought throughout Orlando, FL; Chicago, IL and Dallas, TX during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 100,000 within five miles earning $45,000 as the average household income. The company is franchising. For more information, contact Joycelyn Wiley, Manchu Wok, Inc., 85 Citizen Court, Unit #9, Markham, Ontario, Canada L6G 1A8; 905-946-7200 Ext. 232, Fax 905-9467201; Web site: www.manchuwok.com. Subway operates 29,386 locations nationwide and internationally. The sandwich shops occupy spaces of 800 sq.ft. to 2,000 sq.ft. in freestanding locations and entertainment, lifestyle, power, specialty and strip centers, in addition to urban/downtown areas. Plans call for 10 to 12 openings throughout Rockland County in NY during the coming 18 months, with representation by Royal Properties, Inc. Typical leases run 10 years. A vanilla shell is required. For more information, contact David Landes, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914237-3403, Fax 914-237-0196; Email: david@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com.
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Made In Japan, Japanese Restaurants (USA), Ltd. trades as Teriyaki Experience at 125 locations nationwide and in Canada. The Japanese restaurants occupy spaces of 400 sq.ft. to 1,600 sq.ft. in malls and entertainment, outlet, power, specialty, strip and tourist centers, in addition to downtown areas. Growth opportunities are sought throughout AZ, CA, FL, GA, IA, KS, NE and western NY during the coming 18 months. Typical leases run 10 years with two, five-year options. Specific improvements are required. Preferred cotenants include Panera Bread and Starbucks. Preferred demographics include a population of 75,000 within three to six miles. The company prefers to locate in areas with a high daytime population. The company is franchising. For more information, contact Joe Arancio, Made In Japan, Japanese Restaurants (USA), Ltd., 700 Kerr Street, Suite 102, Oakville, Ontario, Canada L6K 3W5;480221-6866, Fax 905-337-0331; Email: jarancio@teriyakiexperience.com; Web site: www.teriyakiexperience.com. Applebee’s operates 1,990 locations nationwide and internationally. The casual dining restaurants occupy spaces of 5,200 sq.ft. in freestanding locations, endcaps, pad sites, downtown areas and power centers. Growth opportunities are sought throughout Fairfield County, CT during the coming 18 months, with representation by Fairfield Retail Partners, LLC. Chipotle Mexican Grill operates 830 locations nationwide. The Mexican restaurants occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, pad sites and endcaps. Growth opportunities are sought throughout Fairfield, Hartford and New Haven counties in CT and Westchester County in NY during the coming 18 months, with representation by Fairfield Retail Partners, LLC. The company prefers to locate near offices, colleges and hospitals. For more information regarding Applebee’s, contact Mike Shanahan or Leslie Navarro, Fairfield Retail Partners, LLC, 88 Ryders Lane, Stratford, CT 06614; 203-870-8200, Fax 203-870-8201; Emails: mshanahan@fairfieldretail.com and lnavarro@fairfieldretail.com; Web sites: www.applebees.com and www.fairfieldretail.com. For more information regarding Chipotle Mexican D Grill, contact Mike Shanahan. M
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Supermarkets Expand Nationwide (continued from page one)
Nature’s Pavilion operates two locations throughout NJ and NY. The supermarkets, offering organic and whole foods as well as nutritional products, body care products and health information, 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 box 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: www.jefferyrealty.com. Aldi operates 1,000 locations nationwide. The supermarkets, offering private-label meat, produce, dairy, frozen foods, beer and wine and bakery items, occupy spaces of 16,800 sq.ft. in pad sites, inline spaces, endcaps and development lots. Growth opportunities are sought throughout NJ and eastern PA during the coming 18 months, with representation by Fameco Real Estate, LP. Preferred demographics include a population of 35,000 within three miles. The company will consider ground leases and acquisitions. For more information, contact Rick Weinberg or Ed Enoch, Fameco Real Estate, LP, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793; Email: rweinberg@famecoretail.com; Web site: www.famecoretail.com. Fiesta Mart, Inc. trades as Fiesta Mart at 57 locations throughout Austin, Dallas/Fort Worth and Houston, TX. The supermarkets, offering groceries as well as a Mexican-style hot deli, soft goods, clothing and natural foods, occupy spaces of 35,000 sq.ft. to 60,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by United Equities. Typical leases run 10 years. For more information, contact Buster Freedman, United Equities, 4545 Bissonnet Street, Suite 100, Bellaire, TX 77401; 713-772-6262, Fax 713-981-4035; Email: bfreedman@unitedequities.com; Web site: www.unitedequities.com.
The Fresh Market operates 86 locations throughout the Midwest, Mid-Atlantic and Southeast. The supermarkets, offering meat, seafood, produce, prepared foods, deli, bakery, dairy, candy, beer and wine, floral and gift departments, occupy spaces of 22,000 sq.ft. in freestanding locations and power and specialty centers. Growth opportunities are sought throughout Baltimore, MD; northern VA and Washington D.C. during the coming 18 months, with representation by Paraclete Realty. Major competitors include Whole Foods Market. For more information, contact Charlie Phelps, Paraclete Realty, 408 Headquarters Drive, Suite 3C, Millersville, MD 21108; 410-987-9500, Fax 410-987-9502; Email: charlie@paracleterealty.com; Web site: www.paracleterealty.com. Village Supermarket, Inc. trades as ShopRite at 25 locations throughout NJ and PA. The supermarkets occupy spaces of 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout NJ during the coming 18 months. For more information, contact William Sumas, Village Supermarket, Inc., 733 Mountain Avenue, Springfield, NJ 07081; 973-467-2200, Fax 973-467-6582; Email: william.sumas@wakefern.com; Web site: www.shoprite.com. B. Green & Co. trades as Cash and Carry, Harvest Fare and Food Depot at four locations throughout MD and VA. The supermarkets, offering food service products and supplies along with meat, seafood, dairy and nonperishable food items, occupy spaces of 25,000 sq.ft. to 100,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Benjamin Sigman, B. Green & Co., 1300 South Monroe, Baltimore, MD 21230; 410-783-7777, Fax 410-332-1604. Binghamton Giant Markets, Inc. trades as Giant Food Market at 12 locations throughout NY. The supermarkets, featuring meat, seafood, frozen food, dairy, bakery and deli departments, occupy spaces of 11,000 sq.ft. to 70,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout upstate NY and northeastern PA during the coming 18 months. The company prefers to acquire sites. For more information, contact Ferris Akel, Binghamton Giant Markets, Inc., 2548 Vestal Parkway East, Vestal, NY 13850; 607763-8770, Fax 607-763-8774; Web site: www.giantmarkets.com. DM www.dealmakers.net
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Exclusives and Leasing Assignments
Lease Signings
Welco Realty, Inc. (914-576-7500) represents the following companies with their expansion plans: 24-Hour Fitness, throughout Long Island, NY, seeking spaces of 30,000 sq.ft. to 100,000 sq.ft.; AMC Theatres, throughout CT, NJ and NY, seeking spaces of 50,000 sq.ft. to 75,000 sq.ft. in shopping centers and freestanding locations; Annie Sez, throughout CT, NJ and the New York, NY metropolitan area, utilizing spaces of 12,000 sq.ft. to 15,000 sq.ft. in regional and community centers featuring GLAs above 200,000 sq.ft. and with trade-area demographics including a population earning $70,000 as the average household income; Bahama Breeze, throughout northern NJ, seeking sites of 7,200 sq.ft. in super regional centers with trade-area demographics including a population earning $75,000 as the average household income; FYE, throughout the New York, NY metropolitan area, seeking spaces of 3,500 sq.ft. to 5,000 sq.ft. in endcaps, freestanding locations, central business districts and regional and strip centers featuring GLAs above 200,000 sq.ft.; dressbarn, throughout NJ and NY, seeking sites of 8,000 sq.ft. to 10,000 sq.ft. in strip centers featuring GLAs above 200,000 sq.ft., freestanding locations and central business districts, with trade-area demographics including a population of $60,000 as the average household income; HomeGoods, throughout NJ, seeking spaces of 25,000 sq.ft. in regional centers; HSBC Bank, throughout NJ, seeking spaces of 3,500 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps; JCPenney, throughout NJ and NY, utilizing spaces of 98,000 sq.ft. to 100,000 sq.ft. in power centers; Kid City, throughout NJ and the NY metro area, seeking sites of 10,000 sq.ft. in shopping centers, and LongHorn Steakhouse, throughout NJ and the New York, NY metropolitan area, seeking spaces of 5,700 sq.ft. to 6,700 sq.ft. in shopping centers and freestanding locations.
Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated a lease with The TJX Cos. for 25,508 sq.ft. at Badger Plaza, located on Durand Avenue in Racine, WI. The company represented the tenant in the transaction. The company also negotiated a lease with Slumberland for 30,431 sq.ft. at Janesville Crossroads, located at the intersection of Highway 14 and Highway 26 in Janesville, WI. The company represented the landlord, DB Development, LLC, in the transaction. The company also negotiated a lease with North Shore Bank for 2,133 sq.ft. at Green Bay Plaza, located on West Mason Street in Green Bay, WI. The company represented the landlord, Green Bay Plaza, LLC, in the transaction. The company also negotiated leases with Verizon Wireless for 4,100 sq.ft. and with Famous Footwear for 5,300 sq.ft. at Shoppes at Fox River, located at the intersection of Sunset Drive and St. Paul Avenue in Waukesha, WI. The company represented the landlord, Opus North Corp., in the transactions. The company also negotiated a lease with Jigsaw, LLC for 8,200 sq.ft. at Empire Building, located on North Plankinton Avenue in Milwaukee, WI. The company represented the tenant in the transaction. The company also negotiated a lease with The House of Oils for 1,079 sq.ft. at Hilldale Mall, located in Madison, WI. The company represented the tenant in the transaction. The company also negotiated a lease with Salad Creations for 1,404 sq.ft. at City Center Junction, located on Junction Road in Madison, WI. The company represented the tenant in the transaction.
SullivanHayes Cos. Northeast, LLC (860677-5252) represents The Fresh Market with the grocer’s expansion throughout CT and Westchester County, NY. The company also represents Aldi with the private-label grocer’s D M expansion throughout New England.
Fameco Real Estate, LP (610-834-8000) negotiated a leases with Wingstop for space at the intersection of Roosevelt Boulevard and Red Lion Road and at the intersection of Broad Street and Cecil B. Moore Avenue on the Temple University campus in Philadelphia, PA.
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Garden Commercial Properties (973-4675000) negotiated leases with Pet Supplies Plus for 9,200 sq.ft. and with Bethany Wines and Liquors for 4,800 sq.ft. at Bayshore Plaza, a 163,000 sq.ft. open-air center located at the intersection of Route 35 and Hazlet Avenue in Hazlet, NJ. The tenants join Staples, Party City, McDonald’s, STS Tire & Auto Center and Childrenswear Centre.
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LaKritz-Weber & Co. (248-353-9494) negotiated a lease with Snap Fitness for 2,650 sq.ft. at Canton Center Plaza, located on South Canton Center Road in Canton, MI. The company represented the landlord, Canton Gateway, LLC, and Signature Associates represented the tenant in the transaction.
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Katz & Associates (800-835-0939) negotiated leases with Michaels for 23,000 sq.ft. and with Scheels for 10,000 sq.ft. at Rushmore Crossing, located in Rapid City, SD. The company represented the landlord, Midland Atlantic Properties, in the transaction. NAI Houston (713-985-4627) negotiated a lease with Kintetsu World Express (U.S.A.), Inc., for 6,500 sq.ft. on Greens Road in Houston, TX. The company represented the tenant and Stream Realty represented the landlord, AMB, in the transaction. Centro Properties Group (212-869-3000) signed a lease with Rent-A-Center for 5,200 sq.ft. at Baytown Shopping Center, located at the intersection of Garth Road and Rollingbrook Street in Baytown, TX. The company also signed a lease with Subway for 1,357 sq.ft. at Mount Houston Square, located at the intersection of Eastex Freeway/Highway 59 and West Mount Houston Road in Houston, TX. Grubb & Ellis|BRE Commercial (858-5465400) negotiated a five-year lease with Tacos Cancun for 2,320 sq.ft. on Tuscany Road in Corona, CA. The company represented the landlord, Castle & Cooke, in the transaction. The company also negotiated a five-year lease with Hodad’s for 1,898 sq.ft. on Carlsbad Village Drive in Carlsbad, CA. The company represented the landlord, SVF, LLC, and the tenant in the transaction. The company also negotiated a five-year lease with Valley Music for 2,431 sq.ft. on North Magnolia Avenue in San Diego, CA. The company represented the landlord, Magnolia Gateway, LLC, and Realty World Parkway represented the tenant in the transaction. The company also negotiated a two-year lease with Rosa Tran for a 1,284 sq.ft. Nutrition Express on Federal Boulevard in San Diego, CA. The company represented the landlord, DBA Partnership, LLC, and the tenant in the transaction. Michael Salove Co. (215-568-2600) negotiated a lease with Qdoba Mexican Grill for 2,800 sq.ft. at Horsham Gate, located on Welsh Road in Horsham, PA. The company represented the tenant in the transaction. The tenant joins Fresh Market, Corner Bakery, Toys “R” Us, Babies “R” Us and Verizon Wireless. The company also negotiated a lease with Doggie Style for 1,200 sq.ft. on Main Street in the Manayunk area of Philadelphia, PA. The company represented the landlord and the tenant in the transaction. The company also negotiated a lease with ESPRIT for a 7,000 sq.ft., two-level space on Walnut Street in Philadelphia, PA. The company represented the landlord and the tenant in the transaction. DM
Lead Sheet Saffee’s, Inc. dba Saffee’s Mark Mercurio 227 East High Street Jefferson City, MO 65101 573-348-4755, Fax 573-348-6185 Web site: www.saffees.com
Apparel The six-unit chain operates locations throughout KS and MO. The stores, selling women’s apparel and accessories, occupy spaces of 3,000 sq.ft. in power centers. Plans call for two openings throughout AR, IA and NE during the coming 18 months. Typical leases run five years.
Coastal Investments, Inc. dba One Stop Food Market and Tinee Giant Mauro Zenarolla 329 Office Square Lane Virginia Beach, VA 23462 757-552-0000, Fax 757-499-8386
Convenience The 25-unit chain operates locations throughout VA. The convenience stores occupy spaces of 3,000 sq.ft. in strip centers as well as downtown and freestanding locations. Growth opportunities are sought throughout eastern VA during the coming 18 months. Typical leases run 15 years with three, five-year options.
Evergreen Oil Co. dba Stop ‘N Save Scott Smith 1202 Bergen Parkway, Suite 303 Evergreen, CO 80439 303-674-7497 Email: sws@evergreenoil.net
Convenience The 32-unit chain operates locations throughout CO. The convenience stores, with gasoline facilities, occupy spaces of 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to acquire sites.
Stein Mart Andy Hofheimer c/o Regency Centers One Independent Drive, Suite 114 Jacksonville, FL 32202 904-598-7617, Fax 904-355-3937 Email: ahofheimer@regencycenters.com Web site: www.steinmart.com
Department Store The 280-unit chain operates locations nationwide throughout 30 states. The department stores, offering better lines of apparel for men, women and children in addition to soft goods and gifts, occupy spaces of 30,000 sq.ft. in lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout AL, AR, AZ, CA, CO, FL, GA, LA, MS, NC, NM, NV, OK, SC, TX and UT during the coming 18 months, with representation by Regency Centers. Preferred cotenants include upscale anchors. Area demographics include a population of 150,000 within a five-mile radius earning an average household income of $75,000. The company is very site selective.
Five Below Tom Rettaliata c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: trettaliata@ripcony.com Web site: www.ripcony.com
Discount The 80-unit chain operates locations throughout DE, MD, NJ, PA and VA. The discount stores, selling trend-right products for teens and pre-teens at prices ranging from $1 to $5, occupy spaces of 7,500 sq.ft. in outlet, power and strip centers. Growth opportunities are sought throughout the New York, NY metropolitan area during the coming 18 months, with representation by Ripco Real Estate.
Liberty Drug, Inc. dba Jerry’s Pharmacy, Liberty Drug, Medicine Shoppe and More Than Medicine Brian Harrison PO Box 362 Carnegie, OK 73015 580-654-1111, Fax 580-654-1229
Drug Store The five-unit chain operates locations throughout OK. The drug stores occupy spaces of 5,000 sq.ft. in strip and value centers, in addition to downtown/urban locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run three to five years. The company will also acquire sites.
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May 29, 2009
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Lead Sheet Gold’s Gym Corp. dba Gold’s Gym John Mitchell c/o JBG Rosenfeld Retail 4445 Willard Avenue, Suite 700 Chevy Chase, MD 20815 301-657-0700, Fax 301-657-9850 Email: jmitchell@jbgr.com Web site: www.goldsgym.com
Fitness The 600-unit chain operates locations and nationwide and internationally. The fitness centers occupy spaces of 18,000 sq.ft. to 50,000 sq.ft. in downtown/urban locations. Plans call for one to five openings throughout MD, VA and Washington, DC during the coming 18 months, with representation by JBG Rosenfeld Retail.
6th Avenue Electronics Sevan Semerciyan 22 Route 22 West Springfield, NJ 07081 973-924-8565, Fax 973-467-9404 Email: sevan@6ave.com Web site: www.6ave.com
Electronics The 15-unit chain operates locations throughout NJ, Long Island, NY and PA. The electronics stores occupy spaces of 18,000 sq.ft. to 25,000 sq.ft. in endcaps of strip centers and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years with two, five-year options. Preferred cotenants include sporting goods, home improvement, books, men’s clothing and other electronics retailers.
Automotive Technologies, Inc. dba Wireless Zone Anthony Giannone 34 Industrial Park Place Middletown, CT 06457 860-930-6604 Email: anthonyg@wirelesszone.com Web site: www.wirelesszone.com
Electronics The 300-unit chain operates locations throughout CT, DE, FL, MA, MD, ME, MI, MN, NH, NJ, NY, OH, PA, RI, TX, VA, VT and Washington, DC. The electronics retailer, selling Verizon Wireless equipment, service and accessories, occupy spaces of 600 sq.ft. to 1,800 sq.ft. in power and strip centers, malls and freestanding locations. Growth opportunities are sought throughout New England and the New York, NY and Philadelphia, PA metropolitan areas. Typical leases run five years with options. A vanilla shell is required. Preferred cotenants include Home Depot, Lowe’s Home Improvement, Starbucks, Target and Wal*Mart. Competitors include MetroPCS, RadioShack, Sprint and T-Mobile. The company is franchising.
GameStop Ian Furar or Mike Barron c/o California Commercial Partners, Inc. 220 Newport Center Drive, Suite 18 Newport Beach, CA 92660 949-717-7711, Fax 949-717-0011 Email: ian@ccpire.com Web site: www.ccpire.com
Electronics The 5,100-unit chain operates locations nationwide and internationally. The stores, selling video games, consoles and accessories, occupy spaces of 1,500 sq.ft. in entertainment, power and strip centers. Growth opportunities are sought throughout CA during the coming 18 months, with representation by California Commercial Partners, Inc. Typical leases run five years with options. A vanilla shell is required.
Verizon Wireless Mike Hotarek c/o Eastern Retail Properties 1 Gateway Center, Suite 611 Newton, MA 02458 617-630-1187, Fax 617-630-1190 Email: mhotarek@easternretail.com Web site: www.verizonwireless.com
Electronics The 2,400-unit chain operates locations nationwide. The electronics stores, offering Verizon Wireless equipment, services and accessories, occupy spaces of 3,500 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout New England during the coming 18 months, with representation by Eastern Retail Properties.
Fred Meyer, Inc. dba Fred Meyer Stores Bob Curry-Wilson 3800 Southeast 22nd Avenue Portland, OR 97202-2918 503-797-3550, Fax 503-797-3539 Web site: www.fredmeyer.com
General Merchandise The 129-unit chain operates locations throughout AK, ID, OR and WA. The stores, offering grocery, general merchandise, apparel, home improvement, photo, electronics and jewelry items, occupy spaces of 66,000 sq.ft. to 175,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. The company prefers to acquire sites.
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Lead Sheet Bright Now Dental, Inc. dba Bright Now Dental, Newport Dental, Monarch Dental and Castle Dental Bill McCarthy 201 East Sandpointe Avenue, Suite 800 Santa Ana, CA 92707 714-668-1300, Fax 714-428-1390 Web site: www.brightnow.com
Health The 300-unit chain operates locations throughout AR, AZ, CA, CO, FL, IN, MD, NJ, NM, OH, OK, OR, PA, TN, TX, UT, VA and WA. The dental care centers, offering dental care, orthodontics and specialty dentistry services, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in power centers. Growth opportunities are sought throughout southern CA, TX and WA during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Sam’s Club, Target, T.J. Maxx and Wal*Mart. Preferred demographics include a population of 100,000 within a three-mile radius earning an average household income of $52,000. Competitors include Comfort Dental, Pacific Dental and Smile Care.
Wascomat Howard Herman 461 Doughty Boulevard Inwood, NY 11096 800-645-2205, Fax 516-371-4204 Email: wascorealty@wascomat.com Web site: www.wascomat.com
Laundromat The 100-unit chain operates locations nationwide. The laundromats occupy spaces of 2,000 sq.ft. to 8,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought nationwide and throughout Canada during the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell is required. Preferred cotenants include supermarkets, drug, discount and video stores, check cashing centers and auto parts stores. Preferred demographics include a population of 12,000 within a one-mile radius.
Party Fair, Inc. dba Party Fair David Silverstein 4345 Route 9 Freehold, NJ 07728 732-780-1110, Fax 732-780-5174 Email: celebrate@partyfair.com Web site: www.partyfair.com
Party Supplies The 24-unit chain operates locations throughout NJ, NY and PA. The stores, offering party supplies, occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in strip centers along with freestanding and downtown/urban locations. Growth opportunities are sought throughout NJ during the coming 18 months.
Pet Supplies Plus Mark Lauten 22710 Haggerty Road, Suite 100 Farmington Hills, MI 48335 248-374-1900, Fax 248-374-7900 Email: mlauten@petsuppliesplus.com Web site: www.petsuppliesplus.com
Pet Supplies The 230-unit chain operates locations nationwide. The stores, selling pets and pet supplies, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in strip centers and freestanding locations. Plans call for 30 openings throughout CT, FL, GA, IL, IN, KY, MN, MO, NC, NJ, NY, OH, OK, PA, SC, TX and VA during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include Kohl’s, Target and supermarkets. Preferred trade-area demographics include a population of 75,000 earning an average household income of $50,000. Competitors include Petco and PetSmart. The company is franchising.
Rack Room Shoes Kent Gonnerman 8310 Technology Drive Charlotte, NC 28262 704-547-9200, Fax 704-547-8158 Email: kgonnerman@rackroom.com Web site: www.rackroomshoes.com
Shoes The 380-unit chain operates locations throughout AL, AR, AZ, CA, CO, DE, FL, GA, IN, KS, KY, LA, MD, MO, MS, NC, NJ, NM, NV, OH, OK, PA, SC, TN, TX and VA. The shoe stores occupy spaces of 5,500 sq.ft. to 7,000 sq.ft. in lifestyle, outlet, power and strip centers as well as regional malls. Plans call for 25 to 30 openings throughout the existing markets during the coming 18 months. Typical leases run five years with options. A vanilla shell and tenant improvement allowance is required. Preferred cotenants include Target, T.J. Maxx, Marshalls and regional department stores. Preferred demographics include a population of 100,000 within a five to seven-mile radius earning an average household income of $55,000. Competitors include Famous Footwear, Shoe Carnival and DSW.
T & B Boots, Inc. dba Takken’s Shoes and Marche! Chris Takken 670 Marsh Street San Luis Obispo, CA 93401 805-544-3570, Fax 805-544-1438 Email: ctakken@aol.com Web site: www.takkens.com
Shoes The 26-unit chain operates locations throughout CA. The stores, selling better-quality, modern footwear occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in malls. Growth opportunities are sought throughout CA during the coming 18 months. Typical leases run 10 years. Competitors include The Walking Co. Preferred demographics include a population of 250,000 within a five-mile radius earning an average household income of $75,000.
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Lead Sheet Black Bear Saloon Rich DiDonato c/o MJB Real Estate Services Corp. 735 Boston Post Road East Westport, CT 06880 203-222-6200, Fax 203-222-6202 Email: didonato@mjbcorp.com Web site: www.mjbcorp.com
Specialty The one-unit chain operates in CT. The saloon occupies spaces of 4,000 sq.ft. to 8,000 sq.ft. in regional malls in addition to freestanding and downtown/urban locations. Plans call for three to five openings throughout CT, MA, NJ, NY and RI during the coming 18 months, with representation by MJB Real Estate Services Corp. Typical leases run 15 years.
Crown Trophy, Inc. dba Crown Trophy Scott Kelly 9 Skyline Drive Hawthorne, NY 10532 914-347-7700, Fax 914-347-0211 Email: scott@crowntrophy.com Web site: www.crownfranchise.com
Specialty The 146-unit chain operates locations nationwide. The full-service trophy and awards centers occupy spaces of 1,600 sq.ft. to 2,200 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with one, five-year option. The company is franchising.
Leisure Fitness Douglas Green c/o Michael Salove Co. 1700 Market Street Philadelphia, PA 19103 215-568-2600, Fax 215-568-2666 Email: dgreen@salove.com Web site: www.salove.com
Specialty The chain operates locations throughout DE, MD, PA and VA. The stores, offering homeand commercial-grade fitness equipment and accessories, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in endcaps and inline spaces. Growth opportunities are sought throughout DE, central and southern NJ and eastern PA during the coming 18 months, with representation by Michael Salove Co.
The UPS Store Jeff Kintzer c/o Royal Properties, Inc. 850 Bronx River Road Bronxville, NY 10708 914-237-3403, Fax 914-237-0196 Email: jeff@royalpropertiesinc.com Web site: www.royalpropertiesinc.com
Specialty The 6,000-unit chain operates locations nationwide and internationally. The stores, offering postal, business and communication services and supplies, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout CT and Brooklyn, Rockland County and Westchester, NY during the coming 18 months, with representation by Royal Properties, Inc. Typical leases run 10 years. A vanilla shell is required. Competitors include FedEx Office and PostNet.
Sport Chalet, Inc. dba Sport Chalet Dennis Trausch 1 Sport Chalet Drive La Canada, CA 91011 818-790-2717, Fax 818-949-5301
Sporting Goods The 55-unit chain operates locations throughout AZ, CA, NV and UT. The sporting goods stores occupy spaces of 42,000 sq.ft. in lifestyle and power centers, as well as regional malls. Growth opportunities are sought throughout the existing markets during the coming 18 months.
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 12
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Who’s Opening and Where (continued from page four)
Three Dog Bakery (800-487-3287) will open a location this month and another during June. The company, through franchisees, looks to open two to three of the stores, offering freshbaked meals for dogs and pet accessories, monthly. The company currently operates 50 locations in select markets nationwide and prefers to open stores in upscale lifestyle centers in spaces of 1,500 sq.ft. Hennes & Mauritz AB (212-564-9922) is planning to open a 23,470 sq.ft. H&M store at Ontario Mills, located in Ontario, CA. The store, selling fashionable apparel at accessible price points, will occupy a former Virgin Megastore site. The company currently operates 1,700 locations nationwide and internationally, and the opening will be the company’s fifth within the Inland Empre. The company currently operates stores in Chino Hills, Montclair, Rancho Cucamonga and Riverside, CA. CVS Caremark Corp. (877-265-7325) is slated to open a 13,297 sq.ft. CVS at the intersection of Sanderson Avenue and Cottonwood Avenue in San Jacinto, CA. The pharmacy is slated to open during the fall.
Meijer, Inc. (616-453-6711) is slated to open a Meijer location at Richmond Centre, a development located off Exit 87 of Interstate 75 in Richmond, VA, during March 2010. The company was originally slated to open the supermarket during March of this year but delayed the opening for one year. Denny’s Corp. (864-597-8000), through franchisee Denway, Inc., will open a 4,000 sq.ft. Denny’s at Mountain View Plaza, a 76,000 sq.ft. neighborhood center located along North State Street between Community College Drive and Ramona Expressway in San Jacinto, CA. The tenant will open with the center during the late summer or early fall, and will join Rite Aid, Panda Express and 7-Eleven. The Greene Turtle Sports Bar & Grille (410956-1200) will open a 7,800 sq.ft. restaurant at The Village at Towne Centre, a 196,000 sq.ft. mixed-use component of Spotsylvania Towne Centre in Fredericksburg, VA. The restaurants offer appetizers, soups, salads, sandwiches and burgers and each seating booth features a flat-screen TV. The company currently operates 22 locations throughout DE, MD and Washington, DC.
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PoppyPia (803-802-9722) will open a shop in a former Gap site at Cross Creek Mall in Fayetteville, NC during July. The store offers women’s apparel and competes with Charlotte Russe and Forever 21. The company currently operates eight stores. Auto-Lab Franchise Management Corp. (877-349-4968), through franchisees, will open three Auto-Lab Complete Car Care Center locations throughout Miami, FL this year. The company recently opened its third location in the city, and currently operates automotive repair centers throughout seven states. Costco Wholesale Corp. (425-313-8000) will open a Costco location at Paradise Valley Mall, located in Phoenix, AZ. The membersonly warehouse was originally scheduled to open this summer but the company delayed the opening until September of next year. J. Crew, Inc. (212-209-2719) will open a J. Crew Factory Store at Ontario Mills, located in Ontario, CA, during the fall. The store will be a discount outlet and will be the company’s first store in the Inland Empire area of CA. DM
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Florida
Indiana
Manteca – Spreckles Station, a strip center located at the intersection of Highway 120 and Yosemite Avenue, has spaces available of 1,260 sq.ft.; 1,300 sq.ft. and 1,804 sq.ft. Home Depot anchors the center and cotenants include Chipotle, AT&T Mobility, In-N-Out Burger, Jamba Juice, Bank of the West, Staples, Pier 1 Imports, Panda Express and T.J. Maxx. Area demographics include a population of 75,202 within five miles earning $67,962 as the average household income. Stockton – Palm Crossing, a 35,153 sq.ft. strip center located at the intersection of Interstate 5 and March Lane, has spaces available of 2,600 sq.ft.; 3,973 sq.ft. and 5,300 sq.ft. Home Depot anchors the center and cotenants include In-N-Out Burger, Subway, Jamba Juice, T-Mobile, Scottstrade, Good Feet, Mindori’s Décor, De Vega Bros., Round Table, WineStyles, Dinner My Way, Fitness Together and Profants Spa Therapies. Area retail includes Olive Garden, Applebee’s, Black Angus, OfficeMax, SaveMart and Longs Drugs. Area demographics include a population of 273,807 within five miles earning $61,004 as the average household income. The average daily traffic count is 184,000 vehicles. For details, contact Carlo Thompson, Tahoe Group, Inc., 1919 Grand Canal Boulevard, Suite B1, Stockton, CA 95207; 209-951-9451, Fax 209-957-2563; Email: ct@tahoegroup.com; Web site: www.tahoegroup.com.
and Auto Zone. Area demographics include a population of 31,995 within five miles earning $30,041 as the average household income. The average daily traffic count is 35,500 vehicles. The asking rent is $12 psf with CAM of $1 psf. For details, contact Tyler J. Saldutti, Prime Realty, 10033 Sawgrass Drive West, Suite 200, Ponte Vedra Beach, FL 32082; 904-373-0578, Fax 904-373-9017; Email: tsaldutti@primerealtyinc.com; Web site: www.primerealtyinc.com.
the average household income. The asking rent is $13 psf with CAM of $3 psf. For details, contact Jim Conklin, Lopp Real Estate, LLC, 2770 Jefferson Center Way, Suite 7, Jeffersonville, IN 47130; 812-206-8830, Fax 812-206-8835; Email: jconklin@lopprealestate.com.
San Francisco – Powell Street San Francisco, a 13,000 sq.ft. downtown center located at the intersection of Ellis Street and Market Street, has spaces available of 1,100 sq.ft.; 4,000 sq.ft. and 12,000 sq.ft. Cotenants include Gap, Urban Outfitters and H&M. For details, contact Kenneth Brownell, Blatteis & Schnur, Inc., 25 Kearny Street, Suite 508, San Francisco, CA 94108; 415391-9888, Fax 415-391-6888; Email: kbrownell@blatteisschnur.com; Web site: www.blatteisschnur.com.
Florida East Palatka – Eastgate Square Shopping Center, a strip center situated on 10 acres at the intersection of Front Street and Highway 17 South, has spaces available of 900 sq.ft. and 3,600 sq.ft. along with a 43,560 sq.ft. outlot. SuperValu, CVS, Family Dollar and Mercantile Bank anchor the center. Cotenants include Advance America, Antonio’s Pizza, Beauty Supply, L&S Gold/Pawn, Vision Center, Kids Daycare and Hunan Restaurant. Area retail includes Burger King page 14
May 29, 2009
The
Fort Myers – Horizon Plaza, a 11,000 sq.ft. strip center situated on a land area of 44,000 sq.ft., has spaces available of 955 sq.ft.; 975 sq.ft. and 1,655 sq.ft. Cotenants include Liberty Financial, Mattress Authority, We the People and Studio B. The asking rent ranges from $12 psf to $14 psf with CAM of $5 psf. For details, contact Scott M. True, PF Holdings Florida, LLC, 9724 Blue Stone Circle, Fort Myers, FL 33913; 239-210-1521, Fax 239-768-2393; Email: scotttrue@comcast.net; Web site: www.trueswflorida.com.
Georgia Atlanta – A 6,800 sq.ft. freestanding building situated on 0.83 acres at the intersection of Highway 42 and Dale Road is available. Food Depot, Rite Aid and Family Dollar shadow-anchor the building. Area retail includes U.S. Postal Service and Goodyear. Area demographics include a population of 57,430 within three miles earning $61,607 as the median household income. The average daily traffic count is 25,000 vehicles. The asking rent is $14 psf. For details, contact Derek Jones, Blitz Development, 10815 Sikes Place, Suite 300, Charlotte, NC 28277; 704246-1477, Fax 704-321-1001; Email: djones@blitzthemarket.com.
Indiana Sellersburg – Hometown Plaza, a 26,000 sq.ft. strip center located at the intersection of Highway 311 and Highway 60, has two spaces available of 1,200 sq.ft. Family Dollar anchors the center and cotenants include Edward Jones, Sears Garage Doors, True Colors Tanning, Abersold Florist, Angel Salon, Check-n-Go and Natural Vitamin Shop. Area retail includes Jay C Foods and Rite Aid. Area draws include Ivy Tech College. Area demographics include a population of 57,315 within five miles earning $73,550 as
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Kentucky Lexington – Park Hills Center, a strip center located at the intersection of Man O’ War Boulevard and Pimlico Parkway, has spaces available of 1,200 sq.ft.; 3,000 sq.ft. and 5,000 sq.ft. Dollar Tree, Rite Aid and Shapes Fitness for Women anchor the center. Cotenants include Subway, Great Clips, Arby’s and Domino’s. Area retail includes Wal*Mart, Lowe’s Home Improvement and Kroger. Area demographics include a population of 182,047 within five miles earning $72,065 as the average household income. The average daily traffic count is 35,378 vehicles. For details, contact Cheryl Johnston, CMI Properties, 1795 Alsysheba Way, Unit 5101, Lexington, KY 40509; 859-273-7389, Fax 859-272-2648; Email: cjohnston@cmiproperties.com; Web site: www.cmiproperties.com.
New Jersey Edison – Colonial Village, a 70,000 sq.ft. power center situated on six acres, has a 1,350 sq.ft. space available. Cotenants include Starbucks, Bernstein’s Fashions, Alan’s Fine Shoes, Loucas Italian Seafood, Meemah, Ace Shoe Repair, Angel’s Nail Salon and Ralphie’s Pizza. Area retail includes Menlo Park Mall. Area demographics include a population of 200,000 within three miles earning $92,000 as the median household income. The average daily traffic count is 27,000 vehicles. The asking rent is $28 psf. For details, contact Matthew M. Weiss, Weiss Realty, 250 Moonachie Road, Moonachie, NJ 07074; 201-814-1800, Fax 201-814-1811; Email: mweiss@jweissrealty.com; Web site: www.jweissrealty.com.
New York Baldwin – Baldwin Shopping Center, an 80,912 sq.ft. strip center situated on 7.5 acres at the intersection of Grand Avenue and High School Drive, has spaces available of 7,575 sq.ft.; 10,982 sq.ft. and 15,400 sq.ft. Dollar Tree anchors the center and cotenants include Power House Gym, RadioShack and (continued on page sixteen)
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Payless ShoeSource. Area demographics include a population of 496,445 within five miles earning $115,796 as the average household income. The average daily traffic count is 32,000 vehicles. For details, contact Nicholas Forelli, Rosen Associates Management Corp., 33 South Service Road, Jericho, NY 11753; 516-281-1532, Fax 516-281-1562; Email: nforelli@rosenmgmt.com. Niagara Falls – I-190 Plaza, a 44,000 sq.ft. strip center located at the intersection of Niagara Falls Boulevard and Interstate 190, has a 10,869 sq.ft. space available. Area retail includes Tops Supermarket, Target, Home Depot, Regal Cinemas, A.J. Wright, Blockbuster Video, Dollar Tree and Niagara Falls Factory Outlet Mall, featuring Coach, Bass, Ralph Lauren, Brooks Bros., Jones New York, Saks 5th Avenue, Burberry, Liz Claiborne, Ann Taylor and Marshalls. Area demographics include a population of 81,388 within five miles earning $37,842 as the median household income. The asking rent is $7.50 psf.
New York
New York
For details, contact Eric Tudor, Coldwell Banker Commercial Meridian, 4498 Main Street, Buffalo, NY 14226; 716839-6100, Fax 716-839-9916; Email: etudor@coldwellbankermeridian.com; Web site: www.coldwellbankermeridian.com.
West Hempstead – Woodfield Plaza, a freestanding building situated on a land area of 34,530 sq.ft. at the intersection of Woodfield Road and Cedar Street, has spaces available of 3,000 sq.ft. and 5,000 sq.ft. Area demographics include a population of 647,409 within five miles earning $78,340 as the average household income. For details, contact Jeffrey W. Reiss, Moso Realty Services, 45 North Station Plaza, Great Neck, NY 11021; 516-482-8900, Fax 516-482-5355; Email: jreiss@cloud9.net.
Utica – North Utica Shopping Center, a 115,427 sq.ft. center situated on 10 acres at the intersection of Auert Avenue and North Genesee Street, has a 4,000 sq.ft. space available along with two spaces of 2,000 sq.ft. Price Chopper, Dollar Tree and Rite Aid anchor the center. Cotenants include Bank of America, First Source Credit Union, Hallmark, Cosmo Prof, Empire Vision and H&R Block. Area retail includes Riverside Center, Wal*Mart, Lowe’s Home Improvement and Burlington Coat Factory. The average daily traffic count is 15,000 vehicles. The asking rent is $16 psf with CAM of $1.35 psf and taxes of $1.55 psf. For details, contact Patrick Agen, AMA Properties, PO Box 175, Utica, NY 13503; 315-794-3831, Fax 315-733-1521; Email: pvagen@aol.com.
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May 29, 2009
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North Carolina Charlotte – Cotswold Village Shops, a strip center located at the intersection of Sharon Amity Road and Randolph Road, has spaces available of 1,139 sq.ft.; 2,354 sq.ft. and 5,562 sq.ft. Harris Teeter, Marshalls, Stein Mart, Books-A-Million, Rack Room Shoes and Rite Aid anchor the center. Cotenants include Ulta, Bath & Body Works, Starbucks, Bruegger’s Bagels, Hallmark, The UPS Store, GNC, Salsarita’s, Mama Fu’s, Dairy Queen, Toy’s & Co., ABC Store and Visionworks. Area demographics include a population of 639,170 within 10 miles earning $79,991 as the average household income. The average daily traffic count is 26,000 vehicles. The asking rent ranges from $24 psf to $39 psf. For details, contact Peyton M. Gehron, New South Properties of the Carolinas, LLC, 1518 East Third Street, Suite 200, Charlotte, NC 28204; 704-927-2887, Fax 704-3706099; Email: pgehron@newsouthprop.com; Web site: www.newsouthprop.com. Raleigh – Walnut Creek Shopping Center, a 58,115 sq.ft. strip center situated on 7.23 acres at the intersection of Poole Road and Birch Ridge Drive, has a 2,400 sq.ft. space available. Food Lion and Family Dollar anchor the center. Cotenants include Subway. Area demographics include a population of 136,720 within five miles earning $67,389 as the average household income. The average daily traffic count is 47,000 vehicles. For details, contact Nicholas Forelli, Rosen Associates Management Corp., 33 South Service Road, Jericho, NY 11753; 516-281-1532, Fax 516-281-1562; Email: nforelli@rosenmgmt.com.
Ohio Eastlake – Eastlake Plaza, a 36,000 sq.ft. strip center situated on 4.3 acres at the intersection of State Route 91 and Lakeshore Boulevard, has spaces available of 2,000 sq.ft.; 2,400 sq.ft. and 3,600 sq.ft. Convenient Food Mart,
Space Place
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Ohio
Pennsylvania
Tennessee
Richard’s Appliances and The Healthy Smile anchor the center. Cotenants include Bellajo’s Pizza, Aradia’s Garden, Nick’s Restaurant and VIP Salon. Area retail includes Wal*Mart Supercenter. Area demographics include a population of 168,000 within 10 miles earning $57,000 as the average household income. The average daily traffic count is 9,000 vehicles. The asking rent is $5 psf with CAM of $0.50 psf. For details, contact Shoreway Circle, Inc., PO Box 548, Chester, OH 44026; 440-463-1097, Fax 440-338-1762; Email: eastlakeplaza@aol.com.
count is 28,000 vehicles. The asking rent is $16 psf. For details, contact Larry O’Brien, ROCK Commercial Real Estate, 221 West Philadelphia Street, Suite 19, York, PA 17401; 717-854-5357, Fax 717-854-5367; Email: lobrien@rockrealestate.net; Web site: www.rockrealestate.net.
rent ranges from $5 psf to $11 psf. For details, contact Rolando Rubi, Blue Ridge Capital, LLC, 3060 Peachtree Road, Suite 225, Atlanta, GA 30305; 404-8222692; Email: rolando@blueridgecapital.com; Web site: www.blueridgecapital.com.
Oklahoma Oklahoma City – May Avenue Square, a 696,960 sq.ft. center situated on 16 acres at the intersection of Interstate 44 and North May Avenue, has space available. Cotenants include Dakota Financial. Area retail includes Lowe’s Home Improvement and Penn Square Mall. Area demographics include a population of 356,912 within five miles earning $49,742 as the average household income. The average daily traffic count is 120,000 vehicles. The asking rent is $12 psf. For details, contact Wade Hickey, Rolynn’s, Ltd., PO Box 12973, Oklahoma City, OK 73112; 405-823-2897, Fax 405-8440936; Email: whickey@cox.net; Web site: www.mayavenuesquare.com.
Pennsylvania Cranberry Township – Cranberry Gardens Plaza, a strip center located on Route 19, has a 1,800 sq.ft. space available. Monte Cello’s and Wing Kings anchor the center. Area demographics include a population of 51,370 within five miles earning $94,795 as the average household income. The asking rent is $25 psf. For details, contact Maria Yocco, Landmark Properties Group, 4848 Route 8, Allison Park, PA 15101; 724-443-9000, Fax 724-4439010; Email: myocco@landmarkprop.com; Web site: www.landmarkprop.com. York – Village Green Shopping Center, a 43,600 sq.ft. strip center situated on 5.15 acres at the intersection of East Market Street and Eastern Boulevard, has spaces available of 1,100 sq.ft.; 2,240 sq.ft. and 3,000 sq.ft. Fuddruckers and Graystone Bank anchor the center. Cotenants include Print O State, Fastenal, Village Green Restaurant and Iko Music. Area retail includes York Mall and York Marketplace. The average daily traffic
South Carolina Columbia – Village at Sandhill, located on Clemson Road between U.S. Highway 1/ Two Notch Road and North Springs Road, has space available. Cotenants include T.J. Maxx, Old Navy, Home Depot, JCPenney, hhgregg, Ashley Furniture, Rooms to Go, Ulta, Belk, Cost Plus World Market, BooksA-Million, Regal Cinemas and Bi-Lo. Area demographics include a population of 170,430 within 10 miles earning $79,705 as the average household income. For details, contact Kahn Development; 803-744-0000; Email: leasing@kahndevelopment.com; Web site: www.kahndevelopment.com. Rock Hill – Northeast Plaza, a 94,583 sq.ft. strip center located at the intersection of Cherry Road and Anderson Road, has spaces available of 2,180 sq.ft. and 2,450 sq.ft. along with a 45,400 sq.ft. anchor space. Cotenants include Verizon Wireless, Bojangle’s, Firebonz, Kenneth Shuler Schools of Cosmetology, Luigi’s Pizza & Spaghetti House and CD Warehouse. Area retail includes Kmart, Home Depot and PetSmart. Area demographics include a population of 207,551 within 10 miles earning $72,672 as the average household income. The average daily traffic count is 30,000 vehicles. For details, contact David Hendrick, New South Properties of the Carolinas, LLC, 1518 East Third Street, Suite 200, Charlotte, NC 28204; 704-927-2894, Fax 704-370-6099; Email: dhendrick@newsouthprop.com; Web site: www.newsouthprop.com.
Tennessee Dayton – Rhea Town Place, a 112,020 sq.ft. specialty strip center located at the intersection of Highway 27 and Highway 60, has spaces available of 1,600 sq.ft.; 8,050 sq.ft. and 15,000 sq.ft. Tractor Supply Co. and Sears anchor the center. Cotenants include Hibbett Sporting Goods, Burke’s Outlet, American Rental and Goodwill Industries. Area demographics include a population of 103,916 within 10 miles earning $49,801 as the average household income. The asking www.dealmakers.net
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Greeneville – Greeneville West Shopping Center, located on Asheville Highway, has spaces available of 1,200 sq.ft.; 1,600 sq.ft.; 1,800 sq.ft. and 3,000 sq.ft. Ingles Supermarket anchors the center and cotenants include Hair and More, King Vest Sports, CVS, Tannery Out West, Edward Jones and Express Tax. Area retail includes Subway and Hardee’s. Lafayette – Macon County Plaza, a 52,000 sq.ft. center located at the intersection of State Highway 52 Bypass and Highway 10, has spaces available of 1,200 sq.ft. and 3,720 sq.ft. Wal*Mart shadowanchors the center and cotenants include Cato, Coffee Talk Wireless, Captain Video, Subway, Tray’s Garden, Advance Auto and Tractor Supply. For details regarding the Greeneville property, contact Brande Lowe, Horne Properties Inc., 412 North Cedar Bluff Road, Suite 205, Knoxville, TN 37923; 865560-1143; Email: blowe@hpiknox.com. For details regarding the Lafayette property, contact Lisa Lee Naro; 865-560-1129; Email: lnaro@hpiknox.com.
Texas Austin – Venue on Guadalupe, a 3,045 sq.ft. mixed-use center, has a 1,687 sq.ft. space available. Cotenants include The Yogurt Spot. Area retail includes Urban Outfitters, American Apparel, Einstein Bagels, Which Wich, Chipotle and Jamba Juice. Area demographics include a population of 119,359 within five miles earning $69,080 as the average household income. The average daily traffic count is 28,258 vehicles. The asking rent is $32 psf NNN with CAM of $1.12 psf and taxes of $5.18 psf. For details, contact Donny Shanks, urbanspace Realtors, LLP, 900 East 6th Street, Suite 100, Austin, TX 78702; 512476-0010, Fax 512-457-8991; Email: donny@urbanspacecommercial.com; Web site: www.urbanspacecommercial.com. Houston – Town & Country Commerce Park, a 10,780 sq.ft. strip center situated on a land area of 38,000 sq.ft. on Bedford Street, has spaces available of 1,000 sq.ft. and 7,316 sq.ft. Wal*Mart Supercenter anchors the center and cotenants include Subway and
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Utah
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Cash Store. Area retail includes Home Depot and Sam’s Club. Area draws include HCC Community College. Area demographics include a population of 115,000 within three miles earning $82,000 as the average household income. The asking rent is $24 psf with CAM of $5.50 psf. For details, contact Fred Ash, Commercial Realty Co., 11518 Bedford Street, Houston, TX 77031; 281-568-7805, Fax 713-5598449; Email: fredash@crcompany.com; Web site: www.crcompany.com.
Utah St. George – St. George Convention Center, located at the intersection of Interstate 15 and South Bluff Street, has freestanding outlots of 4,000 sq.ft. and 7,000 sq.ft. available. Area demographics include a population of 78,988 within five miles earning $61,529 as the average household income. The average daily traffic count is 35,540 vehicles. For details, contact Brent Wilson, NAI Commerce One, 1000 Riverwalk Drive, Suite 375, Idaho Falls, ID 83402; 208-
525-8088, Fax 208-525-8188; bwilson@nai-idaho.com; Web www.nai-idaho.com.
Fax 276-227-0508; Email: wjs00@hotmail.com; Web site: www.fcreva.com.
West Virginia
Virginia Annandale – Olympia Centre, a 14,300 sq.ft. strip center situated on a land area of 43,560 sq.ft. on Little River Turnpike, has spaces available of 1,350 sq.ft.; 3,000 sq.ft. and 5,000 sq.ft. Area retail includes Safeway. Area demographics include a population of 362,000 within five miles earning $103,330 as the average household income. The asking rent is $38 psf with CAM of $3 psf. For details, contact Howard Whang, Bankers Realty & Investment, 2212 Abbotsford Drive, Vienna, VA 22181; 703-319-0747, Fax 703-562-6975; Email: whang9@yahoo.com. Wytheville – A 26,940 sq.ft. downtown center situated on 1.13 acres at the intersection of Main Street and Spring Street has space available. For details, contact William Smith, First Choice Real Estate of Virginia, 325 East Main Street, Wytheville, VA 24382; 276-228-8882,
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Fairlea/Lewisburg – Greenbrier Valley Mall, a 192,000 sq.ft. strip center situated on 25 acres at the intersection of U.S. Route 219 and U.S. Route 60, has spaces available of 614 sq.ft.; 640 sq.ft. and 3,450 sq.ft. Kmart, Peebles and Sav-A-Lot anchor the center. Cotenants include Hibbett Sporting Goods, GNC, Seneca Showcase Theaters, Rebecca’s Jewelry Box, Black Belt World, Lucy’s Sports Pub, Carlito’s Mexican Restaurant and Advance Auto Parts. Area retail includes Wal*Mart Supercenter, Jefferson Square Strip Center and Red Oaks Shopping Center. Area demographics include a population of 20,000 within 10 miles earning $45,000 as the average household income. The average daily traffic count is 26,000 vehicles. The asking rent ranges from $8 psf to $10 psf with CAM of $3 psf. For details, contact Larry G. Patton, Greenbrier Valley Mall, 75 Seneca Trail, Lewisburg, WV 24901; 304-645-6120, Fax 304-645-6761; Email: larrycsi@hotmail.com. DM
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