Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XX
May 30, 2014
FEATURING HOME-RELATED CHAINS EXPAND NATIONWIDE Armstrong Garden Center operates 29 locations throughout southern CA and two locations in northern CA. The nurseries, offering garden tools, supplies and accents, pottery items and plants, as well as related home and garden gifts, occupy spaces of 6,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years with two, five-year options. A land area of 55,000 sq.ft. is required, with 32,000 sq.ft. of dedicated space for an outdoor selling area. For more information, contact Gary Jones, Armstrong Garden Center, 2200 East Route 66, Suite 200, Glendora, CA 91740-4673; 626-914-1091, Fax 626-335-0257; Email: gjones@armstronggarden.com; Web site: www.armstronggarden.com. Waters, Inc. trades as Waters True Value Hardware at seven locations in KS. The home improvement stores, offering tools, paint supplies, outdoor products and building materials, occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Plans call for one opening in CO, IA, KS, MO, NE or OK during the coming 18 months. For more information, contact James Waters, Waters, Inc., 3213 Arnold Avenue, Building 122, Salina, KS 67401; 785-825-7309, Fax 785-8237685; Email: jwaters@waters-ks.com; Web site: www.waterstruevalue.com.
Factory Mattress operates 18 locations throughout TX. The stores, offering mattresses and related items, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with options. A vanilla shell is required. Preferred demographics include a population of 35,000 within five miles earning $60,000 to $70,000 as the average household income. For more information, contact Steve Frey, Factory Mattress, 4209 South Industrial Drive, Austin, TX 78744; 512-834-6464, Fax 512-8349455; Email: stephenaustinfrey@yahoo.com; Web site: www.factorymattresstexas.com. Ben’s Brands for Less operates 14 locations throughout GA. The stores, offering living room, dining room, bedroom and home office furniture, as well as mattresses, occupy freestanding locations, power and strip centers, as well as urban/downtown areas in various sized spaces. Growth opportunities are sought throughout the Atlanta, GA metropolitan area during the coming 18 months. For more information, contact Ben Haverty, Ben’s Brands for Less, 6075 Roswell Road, Suite 410, Sandy Springs, GA 30328; 404-856-3463, Fax 404-856-3468; Email: bhaverty@bens.com; Web site: www.bens.com. (continued on page thirteen)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 35,668 locations with plans to open 2,594 sites • Real estate valued in excess of $255 million to be bought, sold & financed • Leasing activity on over 4.55 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
NATIONAL FOCUS New Construction Merrill Cos. preleases second phase of REI anchored center in KS Pg. 3 Mason Asset Management demalls Kohl’s anchored site in NJ............. Pg. 3 Who’s Opening and Where Taco Bell test runs U.S. Taco Co.
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Bluemercury to almost double its store count.................................... Pg. 4 Buyers and Sellers Morgan Property Group acquires sites in NC to develop 7-Eleven stores............................................. Pg. 5 Food Chains Expand Eureka! Discover American Craft to enter AZ........................................ Pg. 6 Sources of Financing Ackman-Ziff placed a $65 million loan for a retail site in VA.............. Pg. 7 Making the News Tetra Partnerships hires land expert Pg. 7 Tenant Reps Michael Salove Co. reps Off Broadway Shoe Warehouse........... Pg. 7 Lease Signings Soloff Realty & Development inks three leases with Lane Bryant......... Pg. 8 Lead Sheet Sport Clips to open 250 locations
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Wash & Tan to enter TX................ Pg. 11 Space Place................................... Pg. 14