Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XXI
June 4, 2010
Supermarket Chains Expand Nationwide Norrenberns Foods, Inc. trades as Tom’s Supermarkets, Cash Saver Food Stores, Weffel’s Market, Tom’s Priced Right Foods and Tom’s Mad Pricer at 10 locations throughout IL. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A vanilla shell is required. Preferred demographics include a population of 10,000 sq.ft. within two miles earning $35,000 as the average household income. For more information, Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-566-7010, Fax 618566-4081. The Northwest Co. International trades as Cost-U-Less at 12 locations throughout CA and HI as well as internationally. The midsized, club-style stores, offering grocery items, electronics, appliances, housewares and hardware items, occupy spaces of 30,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. Preferred demographics include a population of 50,000 within five miles. For more information, contact Rex Wilhelm, The Northwest Co. International, 3633 136th Place Southeast, Suite 110, Bellevue, WA 98006; 425-945-0213; Email: rwilhelm@northwest.ca; Web site: www.costuless.com.
Alex-Lee, Inc. trades as Lowes Foods, Galaxy Stores, IGA and Just $ave Food at 108 locations throughout NC and SC. The supermarkets occupy spaces of 15,000 sq.ft. to 50,000 sq.ft. in power, strip and value centers. Growth opportunities are sought throughout NC and the coastal areas of SC during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 30,000 within five miles earning $50,000 as the average household income. For more information, contact Roger Henderson, Alex-Lee, Inc., 1381 Old Mill Circle, Suite 200, Winston-Salem, NC 27103; 336-6590180, Fax 336-659-2434. Save-A-Lot, Ltd. trades as Save-A-Lot at 1,200 locations nationwide. The supermarkets occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout FL during the coming 18 months. Typical leases run five years with four, five-year options. Preferred demographics include a population of 20,000 in rural areas and a population of 35,000 in urban areas earning a median household income of $35,000. Preferred cotenants include valueoriented retailers. For more information, contact Neil Kirchoff, Save-A-Lot, Ltd., 407491-0482, Fax 407-736-9327; Email: neil.k.kirchoff@save-a-lot.com. (continued on page ten)
This issue contains information on:
* Retailers operating 40,694 locations with plans to open 688 sites * Real estate valued in excess of $161 million to be bought, sold & financed * Leasing activity on over 4.1 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring New Construction Faison is developing a 112acre project in Wendell, NC Pg. 3 Openings American Eagle Outfitters, Inc. to open five stores in new 77kids concept...................... Pg. 4 The Children’s Place Retail Stores, Inc. plans 65 openings Pg. 9 Food Retailers Expand Golden Corral Corp. seeks locations nationwide............. Pg. 6 Buyers & Sellers Clarke Wyndham Real Estate Investment Services looks to acquire NNN-leased properties nationwide............ Pg. 7 Lease Signings Mid-America Real Estate – Wisconsin, LLC negotiated a lease with CitiTrends in West Allis, WI................................ Pg. 8 In the News Dinosaur Capital Partners, LLC formed by Mark Dufton and Scott Oran...................... Pg. 8 Sources of Finance Loan Swap Advisors offers non-recourse financing for commercial properties nationwide............................ Pg. 9 Exclusives Fameco Real Estate, LP named leasing agent for a portfolio of shopping centers throughout PA......................................... Pg. 10 Lead Sheet rue21, Inc. looks to expand nationwide............................ Pg. 11 Sabon NYC seeks locations throughout New York, NY..... Pg. 14 Space Place........................... Pg. 16
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Strength Experience Stability AmCap Inc., celebrating over 30 years with an impressive portfolio of highquality retail locations in vibrant markets throughout the United States.
www.AmCap.com Corporate Headquarters 1281 E Main Street Stamford, CT 06902 203-327-2001 www.AmCap.com
AmCap continues to seek stabilized neighborhood or community centers anchored by grocery and other national retailers. Acquisitions Jake Bisenius Chief Investment Officer bisenius@AmCap.com 203-327-2001
Regional Office/ Leasing 44 Cook Street, #710 Denver, CO 80206 303-321-1500 brokerage@AmCap.com
New Construction Kite Realty Group is preleasing Parkside Town Commons, a mixed-use project located at the intersection of Interstate 540 and NC 55 in Cary, NC. Boxes and outlots are available. Proposed tenants include Frank Theatres, Toys “R” Us, Babies “R” Us and Target. Area demographics include a population of 351,924 within 10 miles earning $85,558 as the average household income. The company is also preleasing Broadstone Station, located at the intersection of NC 55 and U.S. Highway 1 in Raleigh, NC. Walmart Supercenter will anchor the center and is slated to open during September. Tenants include GameStop, State
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............................................... 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
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Farm Insurance, H&R Block and Fantastic Sams. Space is available. Area demographics include a population of 298,382 within 10 miles earning $90,344 as the average household income. The company is also preleasing New Hill Place, located at the intersection of NC 55 and New Hill Road in Holly Springs, NC. Shop spaces and pad sites are available. A future Target will anchor the center and proposed cotenants include Dick’s Sporting Goods, Best Buy, Ross Dress for Less, PetSmart, Michaels and T.J. Maxx. Area demographics include a population of 243,366 within 10 miles earning $92,472 as the average household income. For more information regarding boxes, contact Gregg S. Poetz, Kite Realty Group, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-578-5153, Fax 317-577-5605; Email: gpoetz@kiterealty.com; Web site: www.kiterealty.com. For more information regarding outlots, contact David M. Robinson; 317-578-5156; Email: drobinson@kiterealty.com. Carolina Holdings, Inc. is developing Crystal River Commons, a 160-acre mixed-use project located at the intersection of U.S. Highway 19/98/North Suncoast Boulevard and FL 494/Ozello Trail in Crystal River, FL. The center will include a 399,000 sq.ft. retail component, a 125,000 sq.ft. office component and as many as 18 outlots. Area retail includes OfficeMax, Home Depot, Chili’s, Applebee’s and Crystal River Mall, featuring Belk, JCPenney, Kmart and Regal Cinema. Area demographics include a population of 74,953 within 10 miles earning $51,361 as the average household income. The average daily traffic count is 27,500 vehicles. For more information, contact Britt Goodson, Carolina Holdings, Inc.; 864-2720088; Email: britt.goodson@choldings.com; Web site: www.choldings.com. Colliers Keenan, Inc. is developing SayeBrook, a project located at the intersection of Highway 544 and U.S. Highway 17 Bypass in Myrtle Beach, SC. Target will anchor the center. Area demographics include a population of 67,704 within five miles earning $56,838 as the average household income. The average daily traffic count is 84,100 vehicles. The center is slated to open during the summer of 2012. For more information, contact Rox Pollard or Erin England, Colliers Keenan, Inc., 1301 Gervais Street, Suite 600, PO Box 11610, Columbia, SC 29211-1610; 803-401-4242 or 843-720-7508, Fax 803-252-4532; Emails: rpollard@collierskeenan.com and eengland@collierskeenan.com; Web site: www.collierskeenan.com. www.dealmakers.net
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Faison is developing Wendell Crossing, a 112-acre project located at the intersection of U.S. Highway 64, Rolesville Road and Wendell Boulevard in Wendell, NC. Inline spaces and outlots are available. Area demographics include a population of 520,776 within 15 miles earning $69,640 as the average household income. The average daily traffic count is 50,000 vehicles. The center is slated to open during 2012. The company is also preleasing Triangle Place Promenade, a 72-acre mixed-use project located at the intersection of Interstate 540 and Triangle Town Boulevard in Raleigh, NC. Walmart Supercenter will anchor the site. Shop and restaurant spaces are available. Area retail includes Triangle Town Center Mall, featuring Belk, Dillard’s, Macy’s, Saks and Sears. Area demographics include a population of 487,354 within 10 miles earning $77,913 as the average household income. The center is slated to open during the fourth quarter of this year. For more information regarding Wendell Crossing, contact Britt Byrne, Faison, 121 West Trade Street, 27th Floor, Charlotte, NC 28202; 704-972-2639, Fax 704-972-2698; Email: britt.byrne@faison.com; Web site: www.faison.com. For more information regarding Triangle Place Promenade, contact Bill Barnett; 704-972-2640; Email: bill.barnett@faison.com. Amerity Development & Investments, Inc. is preleasing Nob Hill @ Sunset, a 10,000 sq.ft. building situated on 1.5 acres at the intersection of Nob Hill Road and Sunset Strip in Sunrise, FL. Area demographics include a population of 260,000 within five miles earning $75,000 as the average household income. The average daily traffic count is 45,000 vehicles. For more information, contact John Stockamore, Amerity Development & Investments, Inc., 2501 East Commercial Boulevard, Suite 205, Ft. Lauderdale, FL 33308; 954-491-0100, Fax 954-492-0000; Email: john@ameritygroup.com; Web site: www.ameritygroup.com. Thur & Associates is preleasing Bristow Commons, located on Linton Hall Road in Bristow, VA. Space is available. Cotenants include Walgreens. The center is slated to open during spring 2011. For more information, contact John Marigliano or Josh Weiner, Thur & Associates, 8260 Greensboro Drive, Suite 270, McLean, VA 22102; Emails: jmarigliano@thurassociates.com and josh@thurassociates.com; Web site: www.thurassociates.com. DM
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Who’s Opening and Where CVS Caremark Corp. (877-265-7325) is slated to open a CVS pharmacy at the intersection of Southwest 13th Street and 16th Avenue in Gainesville, FL. Construction is scheduled to begin for the store, which will be the company’s 11th location in the area, during September. The company also plans to open five locations throughout the Tulsa, OK area during 2010. The openings include a 13,000 sq.ft. site located at the intersection of 96th Street North and 129th East Avenue in Owasso, slated to open during the fall. The company currently operates 7,000 locations nationwide. The Scooter Store, Inc. (800-391-7237) plans to open 59 The Scooter Store locations nationwide. The company currently operates eight locations, offering scooters and power chairs for senior citizens. The new openings are part of a plan to expand the store’s product line to include medical equipment including iron lungs, oxygen tents, nebulizers, catheters, hospital beds and wheelchairs. Coldwater Creek, Inc. (208-263-2266) plans to open 20 Coldwater Creek stores this year. The company currently operates 356 apparel stores nationwide.
Wegmans Food Markets, Inc. (585-3282550) plans to open a Wegmans at Shops at Seneca Meadows, a 156-acre mixeduse project located at the intersection of Observation Drive and Seneca Meadows Parkway in Germantown, MD. The store will anchor the center, is slated to open during 2012 and will be the company’s first in the area. The company also plans to open a store in Lanham, MD during October. American Eagle Outfitters, Inc. (724-7764857) plans to open 14 American Eagle Outfitters locations and 20 Aerie locations during 2010. The company will also open five stores in a new concept, 77kids, offering apparel for children ages two to 10. The company currently operates 950 locations nationwide and throughout Canada, trading as American Eagle Outfitters, Aerie and Martin + Osa. Staples, Inc. (508-253-5000) plans to open 40 Staples locations throughout North America this year, including 35 in the U.S. and five throughout Canada. The company opened 50 locations during 2009. The company currently operates 1,871 office supply stores nationwide and throughout Canada.
7-Eleven, Inc. (972-828-0711) plans to open 200 7-Eleven convenience stores throughout NJ by 2011, including five locations in Monmouth County and three in Ocean County during 2010. The company is also slated to open five locations throughout central FL this year, as part of a plan to open or convert 45 locations in the area by 2012. The company also plans to open between 15 and 20 stores throughout the Las Vegas, NV area during the next three years. The company currently operates 6,970 locations nationwide and throughout Canada, including companyowned, franchise and licensed units. TJX Cos., Inc. (508-390-3000) plans to open 130 locations this year, as part of a plan to eventually operate 4,200 units nationwide. The openings will mostly be in the T.J. Maxx and Marshalls trade concepts, and several will be part of the company’s European expansion. During 2009, the company opened 91 new stores. The company will also introduce a smaller concept store during spring 2011, and plans to eventually operate 100 units in the new footprint. The company currently operates 2,700 locations nationwide under the T.J. Maxx, Marshalls, HomeGoods and A.J. Wright trade names.
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Who’s Opening and Where Nordstrom, Inc. (206-628-2111) is slated to open a 35,375 sq.ft. Nordstrom Rack store at Promenade Shops, a 300,000 sq.ft. center located in Aventura, FL. The company is also slated to open a 35,351 sq.ft. Nordstrom Rack at Burbank Empire Center, a 900,000 sq.ft. center located in Burbank, CA. The store is slated to open during October and will join T.J. Maxx, Michaels, Costco, Target, Ulta and Best Buy at the center. The company also plans to open Nordstrom Rack stores in Boca Raton, FL during September and in Tampa, FL and Lakewood, CA during October, as well as two additional Nordstrom Rack locations in the greater Orange County/Los Angeles, CA area during 2011. The company will also open a full-line Nordstrom location at Santa Monica Place Mall, located in Santa Monica, CA, during August. The company currently operates 189 locations nationwide throughout 28 states, including 113 fullline Nordstrom stores, 73 Nordstrom Rack locations, two Jeffrey boutiques and a clearance store. The Kroger Co. (513-762-4000) will open a 100,000 sq.ft. Kroger Marketplace at Watercress Green, a mixed-use development situated on 86 acres at the intersection of U.S. Highway 72 and Jeff Road in Huntsville, AL. The store will feature a drive-thru pharmacy and natural foods, deli and bakery departments, and is slated to open by year’s end. The company will also open a 123,000 sq.ft. Kroger Marketplace at Sam Houston Town Center, a shopping center currently under development at the intersection of Interstate 45 and FM 1097 in Willis, TX. The store will anchor the center and is slated to open by the first quarter of 2011. Chick-fil-A, Inc. (404-765-8000) is slated to open a 4,600 sq.ft. Chick-fil-A restaurant at Plaza at the Speedway, located along Parallel Parkway in Kansas City, KS, as part of a plan to open as many as 70 locations during 2010. The location will be the company’s seventh in the area and is slated to open during August. The company also plans to enter into the Chicago, IL market with two locations by year’s end. The company currently operates 1,480 locations nationwide throughout 38 states and Washington, DC. Hibbett Sports, Inc. (205-942-4292) plans to open 30 Hibbett Sports locations, close between 10 and 15 and expand 20 highperforming locations by the end of the 2011 fiscal year. During the previous fiscal year, the company opened 42 locations, closed 20 and expanded 19. The company currently operates 767 sporting goods stores nationwide throughout 24 states.
Jo-Ann Stores, Inc. (330-656-2600) plans to open 30 Jo-Ann Fabrics locations this year, including a 22,000 sq.ft. store in a former Gottschalks site at Pioneer Crossing, located along South Third Street in Bend, OR. The company will relocate from an existing store across the street. The store is slated to open during the fall. The company also plans to close 30 stores and remodel at least 40 existing locations. The company currently operates 746 craft stores nationwide throughout 48 states. Big Lots, Inc. (614-278-6800) is slated to open a 30,000 sq.ft. Big Lots at The Crossing, a 550,000 sq.ft. shopping center located on State Route 146 in Clifton Park, NY, as part of a plan to open 140 locations over the next three years. The store is slated to open during late summer and joins Home Depot, Target, Petco, Michaels, Kohl’s, OfficeMax, Red Robin, Cracker Barrel and Famous Footwear at the center. The company currently operates 1,339 locations nationwide throughout 47 states, offering closeout and overstock merchandise. Big Y Foods, Inc. (413-784-0600) is slated to open a 55,000 sq.ft. Big Y Supermarket in a former Franklin Buffet restaurant site located on Route 140/East Central Street in Franklin, MA. The supermarket will offer prepared meals, organic and gluten-free foods, a butcher shop, seafood and a large produce department, and is slated to open during the fall of 2011. The company currently operates 57 locations throughout CT and MA. Crumbs Bake Shop (877-278-6270) plans to open locations this year throughout the Chicago, IL and Washington, DC markets, as part of a plan to operate 40 locations nationwide by year’s end and 55 by 2012. The shops offer more than 50 varieties of cupcakes, as well as cakes, muffins, cookies, brownies and coffee. The company recently opened a 1,400 sq.ft. location along West Putnam Avenue in Greenwich, CT. Oakville Grocery Co. (480-596-8200) is slated to open a 9,300 sq.ft. Oakville Grocery at CityScape, a development bordered by First Avenue, Second Street, Washington Street and Jefferson Street in Phoenix, AZ. The store will be the company’s second in the state. Learning Express, Inc. (978-889-1000), through franchisees, plans to open between 17 and 20 Learning Express toy stores nationwide this year. The company opened 14 locations, along with 12 seasonal pop-up stores, during 2009. The company currently operates 140 locations nationwide. www.dealmakers.net
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Noodles & Co., Inc. (720-214-1900) plans to open five locations throughout the Kansas City, MO area. The openings will include a site at State Line Shopping Center, located along State Line Road in Prairie Village, KS, slated to open during late summer, and a location at the intersection of 91st Street and Metcalf Avenue in Overland Park, KS. The company recently opened a location at Country Club Plaza, located on Nichols Road in Kansas City. The company currently operates 230 restaurants, offering made-toorder noodles, soups and salads, nationwide throughout 18 states. Target Corp. (612-304-6073) is slated to open a Target store situated on five acres in a former Lord & Taylor site at Christiana Mall, located in New Castle County, DE, as part of a plan to open ten locations nationwide this year, as well as remodel existing stores to feature a new layout for beauty, home and electronics departments. The store, featuring exterior and interior entrances from the mall and an expanded food section offering meats, produce and other items, is slated to open during October. Nordstrom is also slated to open at the center in a former Strawbridge space during 2011. Wal-Mart Stores, Inc. (479-273-4000) will open a 185,000 sq.ft. Walmart Supercenter along East Second Street in Reno, NV. The store, which will include a grocery component as well as tire and garden centers and a drive-thru pharmacy, was initially slated to break ground during February 2009 but was delayed due to environmental issues at the site. The store will replace an existing Walmart at Northtowne Plaza in Reno, and is slated to open during the fourth quarter of this year. Zoup! Fresh Soup Co. (800-940-9687), through a franchisee, plans to open a Zoup! restaurant in NJ this year, as part of a plan to open five within the state during the next five years. The restaurants offer a selection of hundreds of different soups made with fresh, natural ingredients. The company recently opened its first franchise location in the state at Menlo Park Mall in Edison. The company currently operates 22 restaurants, including six company-owned stores, 14 franchises and two licensed locations, nationwide. Hot Topic, Inc. (626-839-4681) plans to open 10 Hot Topic locations during 2010, as well as remodel or relocate 25 to 30 stores and close between five and 10 units. The company trades as Hot Topic at 680 locations and as Torrid at 156 locations nationwide.
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Food Retailers Expand Nationwide Family Sports Concepts, Inc. trades as Beef O’Brady’s Family Sports Pub at 251 locations throughout AL, AR, CO, FL, GA, IL, IN, KY, LA, MD, ME, MI, MN, MO, MS, NC, OH, SC, TN, TX, VA and WI. The restaurants occupy spaces of 3,200 sq.ft. to 3,600 sq.ft. in endcaps of grocery-anchored strip centers. Growth opportunities are sought nationwide during the coming 18 months. A vanilla shell and specific improvements are required. Preferred cotenants include Kroger and Publix. Preferred demographics include a population of 30,000 within three miles earning $55,000 as the average household income. Major competitors include Applebee’s. The company is franchising. For more information, contact Bill Uradnik, Family Sports Concepts, Inc., 5510 West LaSalle Street, Suite 200, Tampa, FL 33607; 813-226-2333, Fax 813-226-0030; Email: billu@beefobradys.com; Web site: www.beefobradys.com.
Kilwins Chocolate Franchise, Inc. trades as Kilwins Chocolates & Ice Cream at 80 locations throughout CO, FL, GA, IL, MD, MI, NC, PA, RI, SC, TN, VA and WI. The stores, offering assorted chocolates, fudge, candies and gift boxes, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in entertainment, lifestyle, power and tourist centers, in addition to downtown areas. Growth opportunities are sought throughout the northeastern and southeastern regions of the U.S. during the coming 18 months. A vanilla shell is preferred. Preferred demographics include a population of 50,000 within five miles earning $75,000 as the average household income. The company is franchising. For more information, contact Thomas W. Hart, Kilwins Chocolate Franchise, Inc., 355 North Division Road, Petoskey, MI 49770; 231-439-0972; Email: tom@kilwins.com; Web site: www.kilwins.com.
Panda Express operates 1,200 locations nationwide and throughout Puerto Rico. The restaurants, offering gourmet Chinese food in a quick service setting, occupy spaces of 2,000 sq.ft. in endcaps of shopping centers and freestanding locations with a drive-thru. Growth opportunities are sought throughout the Inland Empire area of southern CA during the coming 18 months, with representation by Grubb & Ellis. For more information, contact Dan Samulski or Jeff Ottman, Grubb & Ellis, 4675 MacArthur Court, Suite 1600, Newport Beach, CA 92660; 949-608-2080; Emails: dan.samulski@grubb-ellis.com and jeff.ottman@grubb-ellis.com; Web site: www.grubb-ellis.com.
Dynaco, Inc. trades as Perko’s Café, Yukon Jack’s, Cool Hand Luke’s – Steakhouse & Saloon and Huckleberry’s at 55 locations throughout CA. Cool Hand Luke’s – Steakhouse & Saloon prefers to occupy spaces of 6,000 sq.ft. to 6,500 sq.ft.;Yukon Jack’s prefers to occupy spaces of 5,000 sq.ft.; Perko’s Café prefers to occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. and Huckleberry’s prefers to occupy spaces of 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout CA during the coming 18 months. Typical leases run 10 years with two, five-year options. Preferred demographics include a population of 50,000 within three miles earning $60,000 as the average household income. For more information, contact Randy Brooks or Deborah Brooks, Dynaco, Inc., 10 River Park Place, Suite 104, Fresno, CA 93720; 559-485-8520; Emails: rbrooks@dynacoinc.com and dbrooks@dynacoinc.com; Web site: www.perkoscafe.com.
Gordon Biersch Brewery Restaurant, Big River Grille and Brewing Works, Rock Bottom Restaurant Brewery, A1A Ale Works, Ragtime Tavern and Seafood Grill, Seven Bridges Grill and Brewery and Bluewater Grille operate 38 locations throughout AZ, CA, CO, FL, GA, HI, IL, LA, MD, MO, NC, NV, OH, SC, TX, VA, WA and Washington, DC. The restaurant/ bars occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. Growth opportunities are sought throughout the River North area and all major suburban markets in Chicago, IL during the coming 18 months, with representation by Sierra Realty Advisors. For more information, contact Mathew Focht or Marc Offit, Sierra Realty Advisors, 640 North La Salle, Suite 410, Chicago, IL 60654; 312-254-0730/0707; Emails: mfocht@sierraadvisors.com and marc@sierraadvisors.com; Web site: www.gordonbiersch.com. page 6
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Golden Corral Corp. trades as Golden Corral at 500 locations nationwide. The family-style buffet restaurants occupy spaces of 11,000 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, contact Gordon Poulsen, Golden Corral Corp., 5151 Glenwood Avenue, Raleigh, NC 27612; 919-781-9310, Fax 919-881-4564; Email: gpoulsen@goldencorral.net; Web site: www.goldencorral.net.
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Farmer Boys Food, Inc. trades as Farmer Boys Restaurants at 67 locations throughout CA and NV. The restaurants occupy spaces of 3,000 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with four, five-year options. Preferred cotenants include Target, Walmart and home improvement retailers. The company is franchising. For more information, contact Joe Mineo, Farmer Boys Food, Inc., 3452 University Avenue, Riverside, CA 92501; 951-2759900, Fax 951-275-9930; Web site: www.farmerboys.com. Pepe’s, Inc. trades as Pepe’s Mexican Restaurant at 50 locations throughout IL and IN. The Mexican restaurants occupy spaces of 3,000 sq.ft. in freestanding locations and mixed-use and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with 10-year options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 50,000 within three miles earning $40,000 as the average household income. For more information, contact Ed Ptak, Pepe’s, Inc., 1325 West 15th Street, Chicago, IL 60608; 312-733-2500, Fax 312-733-2564. Earl’s Restaurants, Ltd. trades as Earl’s at 62 locations throughout AZ, CO, WA and Alberta, British Columbia, Manitoba, Ontario and Saskatchewan, Canada. The restaurants occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in malls, freestanding locations and entertainment centers, as well as urban/ downtown areas. Growth opportunities are sought throughout AZ, CA, CO, OR, WA and Ontario, Canada during the coming 18 months. Typical leases run 15 years. Preferred demographics include a population of 100,000 within two miles earning $75,000 as the average household income. For more information, contact John Mulvaney, Earl’s Restaurants, Ltd., 108B-949 3rd Street West, North Vancouver, British Columbia, Canada V7P 3P7; 604-984-4606, Fax 604-9842263; Email: jmulvaney@earls.ca; Web site: D www.earlsgreatfood.com. M
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Buyers and Sellers Windsor Aughtry Co. is selling a divisible 5.2-acre parcel located at the intersection of Highway 290/Locust Hill Road and West McElhaney Road in Taylors, SC. The average daily traffic count is 15,500 vehicles. The asking price is $2.025 million. The company is also selling a divisible 40-acre parcel located at the intersection of Interstate 385 and New Harrison Bridge Road in Simpsonville, SC. The average daily traffic count is 62,800 vehicles. The asking price is $12 million. For more information regarding the Taylors property, contact Gray Morgan or Andy Parnell, Windsor Aughtry Co., PO Box 16449, Greenville, SC 296067449; 800-487-5241 or 864-271-9855; Web site: www.windsoraughtry.com. For more information regarding the Simpsonville property, contact Andy Parnell or Jay Alexander; Email: jalexander@windsoraughtry.com.
Weingarten Realty Investors is selling Rancho Encanto, a 70,804 sq.ft. center located at the intersection of Greenway Road and 35th Avenue in Phoenix, AZ. Tenants at the center include Fresh & Easy Neighborhood Market, Family Dollar and Blockbuster Video. The company is also selling Town & Country Center, a 137,548 sq.ft. center located at the intersection of Air Depot Drive and Reno Avenue in Midwest City, OK. Tenants at the center include Westlake Hardware, Big Lots and Aaron’s. The company is also selling Boulevard Market Place, a 36,149 sq.ft. center located at the intersection of East Reno Avenue and North Douglas Boulevard in Midwest City, OK. Tenants at the center include Colortyme, Subway and Papa Murphy’s. For more information, contact Mark Witcher, Weingarten Realty Investors, 2600 Citadel Drive, Houston, TX 77008; 713-8666962; Email: mwitcher@weingarten.com; Web site: www.weingarten.com.
Atlantic Retail Properties is selling a 3.78acre parcel located at the intersection of Airport Boulevard and Perimeter Park Drive in Morrisville, NC. Area retail includes Bojangle’s, KFC and Hooters. Area demographics include a population of 207,623 within seven miles earning $91,599 as the average household income. The average daily traffic count is 36,000 vehicles. The company is also selling a divisible 10.6acre parcel located on South Tryon Street in Charlotte, NC. Area demographics include a population of 111,767 within five miles earning $59,902 as the average household income. The average daily traffic count is 28,000 vehicles. For more information, contact Emory Helms, Atlantic Retail Properties, 2135 Ayrsley Town Boulevard, Suite D, Charlotte, NC 28273; 704-697-1900 or 704-5775674, Fax 704-697-1920 or 919-882-1785; Email: ehelms@atlanticretail.com; Web site: www.atlanticretail.com.
Fairfield Retail Partners is selling an eightacre parcel located along Skiff Street in Hamden, CT. The property is fully approved for a mixed-use development. For more information, contact Farron Roboff, Fairfield Retail Partners, 88 Ryders Lane, Stratford, CT 06614; 203-870-8200, Fax 203-870-8201; Email: froboff@fairfieldretail.com; Web site: www.fairfieldretail.com.
The Rotella Group, Inc., on behalf of a client, is selling a 9,800 sq.ft. strip center located on West Atlantic Boulevard in Coral Springs, FL. A former Blockbuster Video anchors the center. Tenants at the center include Brizzy’s Day Spa, Domino’s Pizza and Cricket Cleaners. Trade-area demographics include a population of 120,928 earning $73,956 as the average household income. The average daily traffic count is 25,983 vehicles. For more information, contact Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-5689597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.com.
Spake Real Estate is selling a 50,658 sq.ft. building situated on 3.83 acres on Vanderbilt Park Drive in Asheville, NC. The asking price is $3.495 million. The company is also selling a one-acre outlot to a Home Depot located at the intersection of Acton Circle and Monte Vista Road in Asheville, NC. The asking price is $325,000. For more information, contact John Spake, Spake Real Estate; 828-277-9670; Email: john@spakerealestate.com. Battery Commercial is selling a singletenant property located in Jonesboro, AR. Allied Furniture occupies the property and is bound to an 11-year NNN lease with 8.5 years remaining on the original lease term featuring annual rent escalations. Area retail includes Turtle Creek Mall, featuring Target, JCPenney and Dillards. The asking price is $1.159 million with a Cap rate of 10%. For more information, contact Bob Stolkin or Chad Richards, Battery Commercial, 500 Washington Street, Suite 475, San Francisco, CA 94111; 415-9634714/4712, Fax 415-963-4744/4742; Emails: bstolkin@batterycommercial.com and crichards@batterycommercial.com; Web site: www.batterycommercial.com. www.dealmakers.net
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Professional Realty Advisors, on behalf of a client, is selling Pilgrim Gardens Shopping Center, a 79,492 sq.ft. center located in Drexel Hill, PA. The center is 90% occupied and anchored by Loehmann’s. Tenants at the center include Dollar Tree, Tuesday Morning, The UPS Store, Subway and U.S. Postal Service. For more information, contact Michael Margolis, R. Eric Mattson, Jr., Shawn P. Lubic or Andrew Egan, Professional Realty Advisors, 2 St. Albans Avenue, Newtown Square, PA 19073; 610-359-8777 Ext. 113/115/116/152, Fax 610-359-5494; Web site: www.professionalrealtyadvisors.com. Clarke Wyndham Real Estate Investment Services, on behalf of clients, is looking to acquire stable, off-market NNN-leased properties nationwide. Suitable properties feature tenants bound to leases with 10 to 20 years remaining on the lease term and are priced between $1 million and $20 million with Cap rates between 5.75% and 9%. For more information, contact Michael T. Yuras, Clarke Wyndham Real Estate Investment Services, 980 9th Street, Sacramento, CA 95818; 916-504-4905; Email: myuras@clarkewyndham.com. The Weitzman Group is selling a 1.504acre parcel located on Interstate 35 in New Braunfels, TX. Area demographics include a population of 65,842 within five miles earning $57,983 as the average household income. The asking price is $1.1 million. For more information, contact Phil Telisak, The Weitzman Group, 70 Northeast Loop 410, Suite 450, San Antonio, TX 78216; 210-366-5050, Fax 210-377-1777; Email: ptelisak@weitzmangroup.com; Web site: www.weitzmangroup.com. Fimiani Development Corp. negotiated the sale of Yamato Plaza, a 6,065 sq.ft. center located in Boca Raton, FL. At the time of sale, tenants at the center included Dean Anthony’s Pizza, Fresco Food Works and Bluefin Express Sushi. Ablar Yamato, LLC acquired the property for $900,000 from Yamato Plaza, LLC. The company handled the transaction as part of a court-appointed receivership. For more information, contact Fimiani Development Corp., 399 West Palmetto Park Road, Suite 200, Boca Raton, FL 33432; 561-395-8882, Fax 561-395-8886; Web site: www.fimiani.com. DM
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Dealmakers
June 4, 2010
page 7
Real Estate Professionals Making the News
Lease Signings Centro Properties Group (212-869-3000) signed a lease with Chip’s Hair Salon for 1,600 sq.ft. at Stockbridge Village, located at the intersection of Highway 138/Stockbridge Road and Hannover Parkway South in Stockbridge, GA. The company also signed a lease with Heena Salon for 1,299 sq.ft. at The Centre at Preston Ridge, located at the intersection of Route 289/Preston Road and Gaylord Parkway in Frisco, TX. The company also signed a lease expansion from 1,200 sq.ft. to 3,155 sq.ft. with Uniforms & More at Watts Mill Plaza, located at the intersection of State Line Road and 103rd Street in Kansas City, MO. The company also signed a lease expansion with Ridglea Watch & Jewelry Repair from 2,250 sq.ft. to 3,375 sq.ft. at Ridglea Plaza, located at the intersection of Route 377/Camp Bowie Boulevard and Bernie Anderson Avenue in Ft. Worth, TX. The company also signed a lease with Little Caesar’s for 2,100 sq.ft. at Payton Park, located at the intersection of Highway 280/231 and James Payton Boulevard in Sylacauga, AL. NAI Chase Commercial represented the tenant in the transaction. Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated a lease with Buffalo Wild Wings for 5,500 sq.ft. at East Point Center, located on Highway 10 East in Stevens Point, WI. The company represented the tenant in the transaction. The company also negotiated a lease with Hair Cuttery for 1,200 sq.ft. at The Shoppes at Prairie Ridge, located in Pleasant Prairie, WI. The company represented the landlord, GB-MA Pleasant Prairie, LLC, in the transaction. The company also negotiated a lease with GNC for 1,600 sq.ft. at Deer Trace, located in Kohler, WI. The company represented the landlord, Inland Commercial Property Management, Inc., in the transaction. The company also negotiated a lease with CitiTrends for 11,885 sq.ft. at West Allis Town Center, located at the intersection of 70th Street and Greenfield Avenue in West Allis, WI. The company represented the landlord, Ramco-Gershenson Properties, LP, in the transaction. Konover South, LLC (954-354-8282) signed a lease with Handle With Care Packaging Store for 1,236 sq.ft. at Stuart Centre, a 200,000 sq.ft. center located at the intersection of U.S. Highway 1 and Monterey Road in Stuart, FL. The tenant joins HomeGoods, Office Depot, Petco, T.J. Maxx, Anthony’s Coal Fired Pizza, Bonefish Grill, California Nails, Children’s Resale World & Boutique, China Buffet, Denny’s, GNC, Jaymar, KFC, Learning Express, Rack Room Shoes, Schmidt’s Opticals and Tulle Dance Apparel at the center. page 8
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Newmark Knight Frank (212-372-2000) negotiated 15-year leases with City Side Bistro & Grille for 4,262 sq.ft. and with Floris Spa & Nail for 3,227 sq.ft. at a multi-story apartment tower located along Greene Street in Jersey City, NJ. The company represented the landlord, Equity Residential, and R&C Real Estate Services represented the tenant in the City Side Bistro & Grille transaction; and the company represented the tenant and the landlord in the Floris Spa & Nail transaction. The company also negotiated a 10-year lease with Milan Luxury, Inc. for a 4,600 sq.ft. multi-level space at the intersection of Broome Street and Wooster Street in New York, NY. The company, along with title Lyle Trued, represented the tenant and Rudd Realty represented the landlord, T.F. Halom, Ltd., in the transaction. Sansone Group, Inc. (314-727-6664) negotiated a lease with J&J Sweet Tooth IV, LLC for 1,920 sq.ft. at Ronnie’s Plaza, located in St. Louis, MO. The company represented the landlord, Ronnie’s Plaza, Inc., in the transaction. The company also negotiated a lease with Massage Envy for 3,164 sq.ft. at Olympic Oaks Village, located along Manchester Road in Des Peres, MO. The company represented the landlord, DDR Realty Co., in the transaction. The company also negotiated a five-year lease renewal with Rizzo’s Pasta, Inc. for 4,200 sq.ft. at Triad West, located in O’Fallon, MO. Transwestern Retail (202-775-7000) negotiated a lease with Pizza Autentica for space at Ballston Square, located along North Randolph Street in Arlington, VA. The company represented the tenant in the transaction. The company also negotiated a lease with Verizon Wireless for space along MacArthur Boulevard Northwest in Washington, DC. The company represented the landlord, Rock Creek Property Group, in the transaction. illi Commercial Real Estate (818-501-2212) negotiated a lease with My Gym for 4,500 sq.ft. along Ventura Boulevard in Encino, CA. The company represented the landlord and Lushing Realty Advisors represented the tenant in the transaction. The company also negotiated a 10-year lease with Avanti Fitness for a 4,500 sq.ft. Workout World along Ventura Boulevard in Sherman Oaks, CA. BCD (212-260-5210) negotiated a lease with Freshii for 1,378 sq.ft. along Broadway between 38th Street and 39th Street in New York, NY. The company represented the landlord, 1407 Broadway Real Estate, LLC, D and the tenant in the transaction. M
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Terramar Retail Centers (760-804-8600) hired Kelley O’Connor as leasing representative for the company’s shopping centers located in the Pacific northwest. She will operate out of the company’s Renton, WA office. Prior to joining the company, O’Connor served as leasing manager for Tarragon, LLC. The company is a privately-held commercial investment, management and development firm. Dinosaur Capital Partners, LLC (617-4226224/6584) was recently formed by Mark Dufton and Scott Oran. The company is a real estate investment firm. Prior to forming the company, Dufton and Oran co-headed the real estate investment division of Gordon Brothers Group. NAI Global (609-945-4086) hired Vladimir Spector, Mel Zimmerman and Henry Widmaier. Prior to joining the company, they served as brokers with Helmsley Spear. They will operate out of the company’s New York, NY office. The company offers corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. Cushman & Wakefield, Inc. (972-663-9796) hired Lisa Streidl as director, retail services. She will focus on tenant and landlord representation in the retail sector, including leasing, site selection, acquisition and disposition and portfolio administration within the Dallas/Ft. Worth, TX metropolitan area. Lucent Capital (310-876-8454) was recently formed by Farzin Emrani, Shlomi Ronen and Steven Yazdani. The company will specialize in loan sale advisory and equity and debt placement, and provide global real estate capital solutions for investors, developers and financial institutions nationwide and throughout Mexico. Encore Retail, LLC (214-259-7000) named Daniel Underwood as senior property manager. He will be responsible for dayto-day property management services, including monitoring the physical operation and condition of properties, coordination of tenant improvements, collection of revenue, expense control and financial reporting for new and existing retail assets. Prior to joining the company, Underwood served as senior property manager for Emerson’s Commercial Management. The company, a subsidiary of Encore Enterprises, is a privately-held real estate development firm serving the retail, neighborhood and community shopping D M center sectors.
Who’s Opening and Where (continued from page five)
Stage Stores, Inc. (713-667-5601) plans to open between 30 and 35 stores this year. During the previous fiscal year, the company opened 27 locations, relocated 10 and expanded three existing stores. The company currently operates 758 locations nationwide throughout 39 states, trading as Bealls, Goody’s, Palais Royal, Peebles and Stage. The stores offer brand-name apparel, accessories, cosmetics and footwear. Dick’s Sporting Goods, Inc. (724-273-3400) plans to open more than 24 Dick’s Sporting Goods stores and five Golf Galaxy locations nationwide during 2010, having opened 24 stores last year. The company currently operates 510 locations nationwide, including 419 Dick’s Sporting Goods and 91 Golf Galaxy stores. Hobby Lobby Stores, Inc. (405-745-1100) plans to open a Hobby Lobby craft store in a former Circuit City site at Colonial Plaza, located on East Colonial Drive in Orlando, FL. The location will be the company’s first in the area. The craft stores offer home accent, jewelry, framing, hobby, art, needlework, fabric, floral, card, party, scrapbooking and seasonal items. The company currently operates 434 stores nationwide throughout 35 states. Jamba, Inc. (510-596-0100) is planning to open 30 to 50 franchised Jamba Juice locations and refranchise as many as 150 company-owned stores this year. During 2009, the company opened 23 franchises and two company-owned locations. The company currently operates 739 stores nationwide, including 478 company-owned units and 261 franchises. Casual Male Retail Group, Inc. (781-8289300) plans to open five Destination XL superstores during 2010. The stores combine merchandise from the company’s lowerpriced Casual Male XL and higher-end Rochester Clothing stores. Cache, Inc. (212-575-3200) will open between three and five new Cache locations during the 2010 fiscal year. The company also plans to close three to four locations. The company currently operates 286 women’s apparel stores nationwide. Kirkland’s, Inc. (731-668-2444) plans to open between 30 and 40 Kirkland’s stores during the 2010 fiscal year. The company also expects to close between 15 and 20 stores. The company currently operates 279 locations nationwide.
Sources of Financing
Ulta Salon, Cosmetics & Fragrance, Inc. (630-226-0020) plans to open 46 Ulta locations, remodel 13 stores and relocate six units during the 2010 fiscal year. The company currently operates 346 stores, offering cosmetics and beauty supplies and featuring a full-service salon, nationwide throughout 38 states. Ikea (610-834-0180) is slated to open a 415,000 sq.ft. location situated on 13.5 acres between Dry Creek Road and County Line Road in Centennial, CO. The opening will be the company’s first in the state, and is slated to open during fall 2011. The company currently operates 300 locations worldwide, including 37 throughout the U.S. Zumiez, Inc. (425-551-1500) will open as many as 25 Zumiez locations during the 2010 fiscal year. The company currently operates 377 stores, offering action sports-related gear and apparel, including surf boards and snow boards and boots, nationwide. hhgregg, Inc. (317-848-8710) plans to open six hhgregg electronics stores throughout the Baltimore, MD area this year, including openings in Annapolis, Bel Air, Catonsville, Glen Burnie, Hanover and Towson, as part of a plan to open 20 stores nationwide by year’s end. Some of the planned openings will be in former Circuit City sites. The company currently operates 127 locations nationwide. Under Armour, Inc. (410-454-6428) is slated to open an Under Armour store at Citadel Outlets, a 276,000 sq.ft. center located in Commerce, CA. Gap Outlet, Adidas and Columbia Sportswear are also expected to open stores at the center. The new stores are part of a planned 157,000 sq.ft. expansion to the center, and are slated to open between October and December. The Children’s Place Retail Stores, Inc. (201558-2400) plans to open 65 The Children’s Place locations nationwide this year. The company currently operates 947 stores, offering children’s apparel, nationwide and throughout Canada. AFC Enterprises, Inc. (404-459-4450) plans to open between 110 and 130 Popeye’s restaurants nationwide and internationally this year. The company also plans to close 100 restaurants. The company currently operates 1,943 restaurants worldwide, including 1,906 franchised locations and 37 company-owned units. DM www.dealmakers.net
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Urban Atlantic and A&R Development Corp. obtained $107 million in financing for the development of Rhode Island Station, a transit-oriented mixed-use project situated on 8.5 acres along Rhode Island Avenue in Washington, DC. The center is slated to break ground this year and will feature a 274-unit multi-family component, a 70,000 sq.ft. retail component featuring national and local restaurants and retailers, and a parking garage. Area retail includes Home Depot and Giant. Financing was provided by the HUD FHA program; the U.S. Department of the Treasury New Markets Tax Credits program; DC – PILOT financing; U.S. Bank; LIIF; MidCity Community CDE, an Urban Atlantic affiliate, and sponsor equity. For more information, contact Urban Atlantic, 7735 Old Georgetown Road, Suite 600, Bethesda, MD 20814; 301280-6600, Fax 301-280-6639; Web site: www.urban-atlantic.com. Or A&R Development Corp., 111 57th Street Southeast, Washington, DC 20019; 202-5830750; Web site: www.ar-companies.com. Loan Swap Advisors offers non-recourse financing for commercial properties nationwide. Notes are available with interest rates between 5% and 8% with terms ranging from two to seven years and amortization schedules of 30 years. The maximum loanto-value ratio is 65%. For more information, contact Loan Swap Advisors, 6230-A Wilshire Boulevard, Suite 400, Los Angeles, CA 90048; 310-777-1800; Email: info@loanswapadvisors.com. Thomas D. Wood and Co. arranges financing for retail and mixed-use properties nationwide. Loans are available in amounts ranging from $500,000 to $10 million per asset with floating interest rates for terms of two years. Fixed interest rates and nonrecourse options are available. The maximum loan-to-value ratio is 65%. The company also arranges mezzanine loans for retail and mixed-use properties nationwide. Notes are available in amounts ranging from $100,000 to $3 million with floating interest rates and terms of three years or less. For more information, contact Brad Cox, Thomas D. Wood and Co., 7349 Professional Parkway East, Suite 101, Sarasota, FL 34240; 941-552-9731, Fax 941-761-5795; Email: bcox@tdwood.com; Web site: D M www.tdwood.com.
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Dealmakers
June 4, 2010
page 9
Supermarket Chains Expand Nationwide Grant’s Supermarket trades as Grant’s and Gray’s Marketplace at two locations in ME and NH. The supermarkets occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Paul McGonagle, Grant’s Supermarket, PO Box 213, Glen, NH 03838-0213; 603-383-4282, Fax 603-383-4601.
Alliance Foods, Inc. trades as Save-A-Lot at 15 locations throughout MI and OH. The supermarkets occupy spaces of 15,000 sq.ft. to 16,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout OH during the coming 18 months. For more information, contact Loren Doty, Alliance Foods, Inc., 605 West Chicago Street, Coldwater, MI 49036; 517-278-2396, Fax 517-278-7936; Email: ldoty@alliance-foods.com; Web site: www.alliance-foods.com.
Arden Group, Inc. trades as Gelson’s Markets at 18 locations throughout CA. The upscale supermarkets occupy spaces of 30,000 sq.ft. to 35,000 sq.ft. in freestanding locations and mixed-use, specialty and strip centers. Growth opportunities are sought throughout southern CA during the coming 18 months. Typical leases run 20 years. For more information, contact Real Estate Manager, Arden Group, Inc., 9595 Wilshire Boulevard, Suite 411, Beverly Hills, CA 90212; 310-858-1502; Web site: www.gelsons.com.
Supervalu, Inc. (Southern CA Division) trades as Albertson’s at 260 locations throughout southern CA and NV. The supermarkets occupy spaces of 50,000 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. For more information, contact Jeff Dierck, Supervalu, Inc., 1421 South Manhattan, Fullerton, CA 92831; 714-300-6752, Fax 714300-6941; Email: jeff.dierck@supervalu.com; Web site: www.supervalu.com.
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Piggly Wiggly Carolina Co., Inc. trades as Piggly Wiggly at 105 locations throughout GA and SC. The supermarkets occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding locations, power and strip centers and downtown areas. Limited growth opportunities are sought throughout SC during the coming 18 months. The company is site-selective. For more information, contact Les McClanahan, Piggly Wiggly Carolina Co., Inc., 176 Crogan Spur Road, Charleston, SC 29407; 843-554-9880, Fax 843-308-5764; Web site: www.thepig.net. Marsh Supermarkets, Inc. trades as Marsh Supermarkets and O’Malia’s at 104 locations throughout IN and OH. The supermarkets, also featuring a pharmacy, occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Brent Edstrom, Marsh Supermarkets, Inc., 333 South Franklin Road, Indianapolis, IN 46219; 317-594-2100, Fax 317-594-2339. DM
Exclusives and Leasing Assignments Sierra Realty Advisors (312-422-7744) represents Martini Park with the chain’s expansion nationwide. The upscale restaurants and bars occupy spaces of 7,500 sq.ft. in freestanding locations and inline spaces of entertainment and lifestyle centers, as well as urban and suburban areas. The company also represents McCormick & Schmick’s with the chain’s expansion throughout the Chicago, IL metropolitan area. The seafood restaurants utilize spaces of 8,000 sq.ft. in freestanding locations and inline spaces of shopping centers. The company also represents Merlin Entertainment Group with the chain’s expansion throughout urban markets of Chicago, IL. The themed entertainment parks and venues occupy spaces of 30,000 sq.ft. The company also represents Minnies with the chain’s expansion throughout Brentwood, Huntington Beach, select markets of Los Angeles, Manhattan Beach and Santa Monica, CA; FL; urban and suburban markets of Chicago, IL and New York, NY. The 1940s-style diners and bars occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. The company also represents P.J. Clarke’s with the chain’s expansion throughout Chicago, IL. The restaurants occupy spaces of 5,000 sq.ft. to 7,500 sq.ft. in urban and suburban areas. The page 10
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company also represents PrimeBar with the chain’s expansion nationwide. The restaurants and bars utilize spaces of 7,000 sq.ft. in central business districts, malls and entertainment and lifestyle centers. The company also represents Sears Home Appliance Showroom with the chain’s expansion nationwide. The stores occupy spaces of 5,000 sq.ft. in endcaps and outlots of lifestyle and power centers. Fameco Real Estate, LP (610-834-8000) has been named the leasing agent for a portfolio of shopping centers owned by Insalaco Development Group, Inc. The centers include: Eagle Glenn Shopping Center, an 86,000 sq.ft. center located in East Stroudsburg, PA, with tenants including Big Lots, CVS and Advance Auto; Village at Marshall Creek, a 60,000 sq.ft. center located in East Stroudsburg with tenants including Weis and Rite Aid; Old Forge Shopping Center, a 40,600 sq.ft. center located in Old Forge, PA with tenants including Rossi Supermarket; Blakeslee Plaza, a 70,000 sq.ft. center located in Tobyhanna Township, PA with tenants including Ahart’s Supermarket, and Tannersville Plaza, a 103,500 sq.ft. center located in Tannersville, PA, with tenants including Weis and CVS.
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KB Real Estate, Inc. (847-441-4424) represents Suparossa with the pizza restaurant’s expansion throughout the Clyborn Corridor, Loyola Market, East Lakeview/Lincoln Park and Bucktown/Wicker Park areas of Chicago, IL. The restaurants utilize spaces of 2,500 sq.ft. to 3,500 sq.ft. The company also represents Bargains in a Box with the chain’s expansion throughout Chicago, IL and the inner-ring suburbs, seeking spaces of 7,000 sq.ft. to 10,000 sq.ft. Thalhimer Commercial Real Estate (804-6973569) represents Panera Bread with the chain’s expansion throughout central, southern and western VA. The bakery cafes occupy spaces of 3,800 sq.ft. to 4,500 sq.ft. in freestanding locations and endcaps of entertainment, lifestyle, power, specialty and strip centers. Titan Commercial Real Estate (312-3737100) represents Tilli’s with the restaurant’s relocation in the Gold Coast, Lakeview, Lincoln Park, Old Town, River North, South Loop or West Loop areas of Chicago, IL. The restaurant, serving global cuisine, prefers to occupy a space of 3,500 sq.ft. to 5,000 sq.ft. in a corner or freestanding location. A site with outdoor seating is preferred. DM
Lead Sheet Black Tie Tuxes, Inc. dba Black Tie Tuxes Ken Blank 11016 South Cicero Avenue Oak Lawn, IL 60453 708-423-3530, Fax 708-423-3533 Web site: www.blacktietuxes.com
Apparel The nine-unit chain operates 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.
Elia Fashions, Ltd. dba Please Mum Director of Real Estate 333 Woodland Drive Vancouver, British Columbia, Canada V5L 3P6 604-254-1998, Fax 604-254-0831 Web site: www.pleasemum.com
Apparel The 96-unit chain operates locations throughout Canada. The boutique-style shops, offering trendy children’s apparel, occupy spaces of 2,000 sq.ft. in malls and lifestyle, power and strip centers, in addition to urban/downtown areas. Growth opportunities are sought throughout Alberta, Maritimes and Ontario, Canada during the coming 18 months.
rue21, Inc. dba rue21 Bob Thomson 800 Commonwealth Drive, Suite 100 Warrendale, PA 15086 724-776-9780 Web site: www.rue21.com
Apparel The 540-unit chain operates locations nationwide throughout 43 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.
Auto Tech Auto Parts, Inc. dba Auto Tech Frank Gehlhausen 621 North Miller Avenue Marion, IN 46952 765-384-5471, Fax 765-384-4324
Automotive The nine-unit chain operates locations throughout IN. The automotive parts stores occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Cassidy Tire & Service Rich Ahern 200 South Church Street Addison, IL 60101 630-620-2300
Automotive The 15-unit chain operates locations throughout IL. The automotive service centers occupy spaces of 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Chet Nichols, Inc. dba Chet Nichols Bill Nichols PO Box 1203 Benton Harbor, MI 49023 269-925-1187, Fax 269-925-8915
Automotive The eight-unit chain operates locations throughout MI. The automotive parts and service centers occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout southwestern MI during the coming 18 months.
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Dealmakers
June 4, 2010
page 11
Lead Sheet Driven Brands, Inc. dba Econo Lube N’ Tune Jim Alderson 128 South Tryon Street Charlotte, NC 28202 800-275-5200 Email: jim.alderson@meineke.com Web site: www.econolube.com
Automotive The 130-unit chain operates locations throughout AR, AZ, CA, CO, FL, GA, ID, IN, KS, NC, NV, NY, OK, PA, TX, UT and WA. The automotive service centers occupy spaces of 2,800 sq.ft. in freestanding locations and power and specialty centers. Growth opportunities are sought along the western coast of the U.S. during the coming 18 months.
Meineke Car Care Center Steve Miller c/o The Rotella Group, Inc. 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
Automotive The 900-unit chain operates locations nationwide and throughout Canada. The automotive service centers occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Miami-Dade and southern Broward counties in FL during the coming 18 months, with representation by The Rotella Group, Inc. A land area of 20,000 sq.ft. to 35,000 sq.ft. is required.
Capital Stationers, Inc. dba Capital Stationers Kent Bigglestone 54 Main Street Montpelier, VT 05602 802-223-2393, Fax 802-223-1546
Cards The two-unit chain operates locations throughout VT. The card and gifts shops occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in malls and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a population of 15,000 to 20,000 within a 30-minute drive-time. The company is site-selective.
Convenient Food Mart Dev. Corp. dba Convenient Food Mart Greg Desantis 3642 Jacob Street Wheeling, WV 26003 304-232-3060 Ext. 20, Fax 304-233-4686 Email: gdesantis@convenient.com Web site: www.convenient.com
Convenience The 18-unit chain operates locations throughout OH and WV. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout southeastern OH and WV during the coming 18 months. Typical leases run 10 years with two, five-year options.
HN Funkhouser & Co. dba Handy Mart Bob Claytor PO Box 2038 Winchester, VA 22604 540-662-9000, Fax 540-662-8165
Convenience The 20-unit chain operates locations throughout VA and WV. The convenience stores, with gasoline facilities, occupy spaces of 2,100 sq.ft. to 7,200 sq.ft. in freestanding locations. Growth opportunities are sought throughout the northern Shenandoah Valley area of VA during the coming 18 months. Typical leases run 10 to 15 years. A land area of 1.5 to four acres is required.
Southwest Georgia Oil Co., Inc. dba Inland Sun Stop Aaron Goodman 1711 East Shotwell Street Bainbridge, GA 39819 229-246-1553, Fax 229-243-0390
Convenience The 19-unit chain operates locations throughout AL. The convenience stores occupy spaces of 1,250 sq.ft. to 3,600 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in high-traffic corner locations.
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Lead Sheet True North Energy dba True North Stores Keith McIntyre 5565 Airport Highway Toledo, OH 43615 888-245-9336, Fax 419-868-1459 Web site: www.truenorth.org
Convenience The 120-unit chain operates locations throughout OH. The convenience stores, with gasoline facilities, occupy spaces of 1,500 sq.ft. to 2,800 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. A land area of 50,000 sq.ft. is required.
JC Penney Co., Inc. dba JCPenney Dean Zurmely 6501 Legacy Drive Plano, TX 75024 972-431-1403, Fax 972-531-1636 Email: dzurmely@jcpenney.com Web site: www.jcpenney.com
Department Store The 1,093-unit chain operates locations nationwide and throughout Puerto Rico. The department stores occupy spaces of 85,000 sq.ft. to 105,000 sq.ft. in freestanding locations, malls and lifestyle, power and strip centers. Plans call for 10 openings nationwide during the coming 18 months. A land area of seven to 12 acres is required for freestanding locations.
Nickels and Dimes, Inc. dba Tilt Ron Kostelny 4534 Old Denton Road Carrollton, TX 75010 972-939-4200, Fax 972-492-5705 Web site: www.tilt.com
Entertainment The 140-unit chain operates locations nationwide. The family entertainment centers occupy spaces of 1,500 sq.ft. to 30,000 sq.ft. in malls, festival marketplaces and lifestyle centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years with options.
Lady Jane’s Haircuts for Men 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.ladyjanehaircuts.com
Hair The 16-unit chain operates locations throughout IN, MI, OH and NY. The men’s hair salons occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip centers. Growth opportunities are sought throughout Aurora, Joliet, Oak Lawn and Schaumburg, IL during the coming 18 months, with representation by Newmark Knight Frank.
Continental Rental, Inc. dba Continental Rental James Patterson PO Box 1308 Bay City, MI 48706 989-686-7011, Fax 989-686-8785
Home Furnishings The 17-unit chain operates locations throughout MI. The stores, offering rent-to-own home furnishing items, occupy spaces of 3,000 sq.ft. in freestanding locations, malls and strip centers. Plans call for two openings throughout the existing market during the coming 18 months.
Aco, Inc. dba Aco Hardware Mark Vandenberg 23333 Commerce Drive Farmington Hills, MI 48335 248-615-2500, Fax 248-615-2697 Web site: www.acohardware.com
Home Improvements The 69-unit chain operates locations throughout MI. The home improvement centers and hardware stores occupy spaces of 13,000 sq.ft. to 15,000 sq.ft. in freestanding locations and strip centers. Limited growth opportunities are sought throughout the existing market during the coming 18 months.
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Lead Sheet Magic Rice, Inc. dba Magic Rice Adnan Aksu 3956 Town Center Boulevard, Suite 187 Orlando, FL 32837 407-438-6650, Fax 407-888-4447 Email: mail@magicrice.com Web site: www.magicrice.com
Jewelry The personalized jewelry store operates one location in FL. The company prefers to locate in kiosks of malls and entertainment, outlet, specialty and strip centers, in addition to urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months.
Annex Brands, Inc. dba Postal Annex +, Handle with Care Packaging Store and Sunshine Pack and Ship Chris Kimble 7580 Metropolitan Drive, Suite 200 San Diego, CA 92108 619-563-4800, Fax 619-563-9850 Web site: www.annexbrands.com
Service The 350-unit chain operates locations nationwide. The stores, offering shipping, copying, postal and packaging materials, as well as office supplies and greeting cards, occupy spaces of 900 sq.ft. to 1,400 sq.ft. in grocery-anchored neighborhood shopping centers. Growth opportunities are sought for the Postal Annex + and Handle with Care concepts throughout the existing market during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvement are required. Preferred cotenants include coffee shops and dry cleaners. Preferred demographics include a population of 20,000 within three miles earning $75,000 as the average household income. Major competitors include The UPS Store, Postnet, AIM and FedEx Office. The company is franchising.
Nails So Happy and Happy Nails Feet & Tan Simon Garwood c/o Warren & Co. 1649 Atlantic Boulevard, Suite 210 Jacksonville, FL 32207 904-673-8622, Fax 866-251-6874 Email: sgarwood@hq1.com
Specialty The 35-unit chain operates locations throughout FL. The salons, offering nail, tanning and spa services, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in malls and power and anchored strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Warren & Co. Typical leases run five years with a five-year option. A vanilla shell is required. Preferred cotenants include Publix. Preferred demographics include a population of 50,000 within five miles earning $40,000 as the average household income.
Sabon NYC dba Sabon Sara Stevens 38 Green Street, Suite 5A New York, NY 10013 212-473-1009, Fax 212-473-0702 Email: sabon@sabonnyc.com Web site: www.sabon.com
Specialty The 12-unit chain operates locations throughout Chicago, IL; Boston, MA and NY. The cosmetic shops occupy spaces of 1,500 sq.ft. in downtown areas. Growth opportunities are sought throughout New York, NY during the coming 18 months.
The Pub Mathew Focht c/o Sierra Realty Advisors 640 North LaSalle, Suite 410 Chicago, IL 60654 312-254-0730 Email: mfocht@sierraadvisors.com
Specialty The company currently operates locations throughout FL. The bars occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in lifestyle and mixed-use centers. Growth opportunities are sought along the East Coast and throughout the midwestern region of the U.S. during the coming 18 months, with representation by Sierra Realty Advisors.
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 14
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Birmingham – Edgemont Town Center, a 77,655 sq.ft. center, has a 1,600 sq.ft. space available. Publix, Pet Supplies Plus and Sally Beauty Supply anchor the center. Dothan – Dothan Pavilion, a 327,534 sq.ft. center, has spaces available from 1,228 sq.ft. to 15,180 sq.ft. Dick’s Sporting Goods, Best Buy, Bed Bath & Beyond, Moe’s Southwest Grill and Quiznos anchor the center. Area retail includes Target. Fultondale – Promenade Fultondale, a 249,554 sq.ft. center, has a 2,860 sq.ft. space available. JCPenney, Ross Dress for Less, Best Buy and GNC anchor the
center. Northport – Northwood Crossing, a 160,259 sq.ft. center, has spaces available of 1,825 sq.ft. and 60,000 sq.ft. Publix and Office Depot anchor the center. Pelham – Southgate Village, a 75,092 sq.ft. center, has spaces available from 1,200 sq.ft. to 2,400 sq.ft. Publix, Pet Supplies Plus, Sport Clips and Subway anchor the center. Phenix City – Phenix Crossing, a 56,563 sq.ft. center, has spaces available of 1,346 sq.ft. and 1,400 sq.ft. Publix and Movie Gallery anchor the center. Tuscaloosa – University Town Center, a 57,250 sq.ft. center, has a 2,411
sq.ft. space available. Publix and Wachovia anchor the center. For details regarding the Birmingham, Northport, Phenix City and Tuscaloosa properties, contact Ann Smith, The Inland Real Estate Group of Cos., Inc.; 866-9937500; Web site: www.inlandgroup.com. For details regarding the Dothan, Fultondale and Pelham properties, contact Doug Leeds; 866271-8700.
Arizona Glendale – Ranch Market Plaza, a 106,792 sq.ft. center located at the intersection of 67th Avenue and Camelback Road, has a 1,200 sq.ft. endcap available along with a divisible endcap of 4,700 sq.ft. Phoenix Ranch Markets anchors the center and cotenants include Tots Unlimited, Desert Schools Federal Credit Union, Audio Express, McDonald’s, Palermo’s Pizza, Fiesta Discount, Bonita Fashion, Laura’s Cuts, Ranch Wash and Rent-A-Center. Area demographics include a population of 456,140 within five miles earning $56,448 as the average household income. The average daily traffic count is 58,000 vehicles. For details, contact Donna Reece, Zell Commercial Real Estate Services, Inc., 5343 North 16th Street, Suite 290, Phoenix, AZ 85016; 602-248-0600 Ext. 44 or 602386-5694, Fax 602-248-0501; Email: dreece@zellcre.com; Web site: www.zellcre.com.
California Brentwood – Lone Tree Plaza, located at the intersection of Lone Tree Way and Highway 4, has a 28,000 sq.ft. space available for sublease. Kohl’s anchors the center and cotenants include Trader Joe’s, Petco, SportMart and In-N-Out Burger. Area retail includes Lowe’s Home Improvement, Home Depot, Target, Winco and Best Buy. Area demographics include a population of 160,053 within five miles earning $84,565 as the average household income. The average daily traffic count is 42,000 vehicles. Citrus Heights – A divisible 15,079 sq.ft. Pier 1 Imports site located on Sunrise Boulevard is available. Area retail includes OfficeMax, Chuck E. Cheese’s and Red Lobster. Area demographics include a population of 323,895 within three miles earning $79,135 as the average household income. The asking monthly rent is $1.50 psf NNN. Redwood City – A freestanding 4,716 sq.ft. building with a 794 sq.ft. mezzanine space located on Woodside Road is available. Area retail includes Bank page 16
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of America, Quiznos, Ross Dress for Less, Wachovia Bank, Lucky, Starbucks, Rite Aid and Chase Bank. Area demographics include a population of 129,171 within three miles earning $152,159 as the average household income. The average daily traffic count is 46,000 vehicles. San Jose – Waterford Plaza Shopping Center, located on West Capitol Expressway, has spaces available of 1,346 sq.ft.; 3,600 sq.ft. and 6,000 sq.ft. CVS and Lucky’s Supermarket anchor the center. Area demographics include a population of 560,991 within five miles earning $105,945 as the average household income. The average daily traffic count is 54,000 vehicles. The asking monthly rent is $3.15 psf NNN for the 1,346 sq.ft. space, $3 psf NNN for the 3,600 sq.ft. space and $3.25 psf NNN for the 6,000 sq.ft. space. San Rafael – A center located on West Francisco Boulevard has a 2,520 sq.ft. space available. Cotenants include Toys “R” Us, Babies “R” Us, Borders and Barbeques Galore. Area demographics include a population of 139,615 within five miles earning $150,493 as the average household income. For details regarding the Brentwood and
Redwood City properties, contact Steve Cutter, Lockehouse Retail Group, Inc., 433 Airport Boulevard, Suite 426, Burlingame, CA 94010; 650-692-3400, Fax 650-6923407; Email: scutter@lockehouse.com; Web site: www.lockehouse.com. For details regarding the Citrus Heights property, contact Andrew Nash; 650-548-2687; Email: anash@lockehouse.com. For details regarding the San Jose property, contact Steve Cutter or Jon Fulton; 650-548-2676; Email: jfulton@lockehouse.com. For details regarding the San Rafael property, contact Jon Fulton.
Van’s, PacSun, American Eagle, Aerosoles, Papyrus, Hallmark, Gymboree, Lenscrafters, Sunglass Hut, The Children’s Place, BuildA-Bear Workshop, Hollister, P.F. Chang’s, The Cheesecake Factory, Frida’s Mexican, California Pizza Kitchen, King’s Fish House, Nico’s Steak & Chop House and Romano’s Macaroni Grill. Area demographics include a population of 729,011 within 10 miles earning $72,850 as the average household income. For details, contact Babette Kubota, General Growth Properties, 100 West Broadway, Suite 700, Glendale, CA 91210; 818-459-6839, Fax 818-459-6801; Email: babette.kubota@ggp.com; Web site: www.ggp.com.
Chula Vista – Otay Ranch Town Center, a 636,516 sq.ft. mall located at the intersection of 125 Toll and Birch Road, has space available. Macy’s, AMC Theaters, Barnes & Noble, Best Buy and REI anchor the center. Cotenants include Apple, H&M, Anthropologie, Sephora, Guess, Bebe, PH8, Banana Republic, Aldo’s Shoes, Chico’s, Coach, Coldwater Creek, Jos. A. Bank, Ann Taylor Loft, Lucky Brand, Gap, White House|Black Market, Victoria’s Secret, Bath & Body Works, DSW, Aeropostale, Zumiez,
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Huntington Beach – Brookhurst Plaza, a 47,960 sq.ft. specialty center situated on a land area of 200,844 sq.ft. at the intersection of Brookhurst Street and Hamilton Avenue, has spaces available of 1,610 sq.ft. and 11,057 sq.ft. Trader Joe’s, The Druggist and Del Taco anchor the center. Area retail includes Target and Kohl’s. Area demographics include a population of 161,389 within five miles
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earning $77,254 as the median household income. The average daily traffic count is 24,000 vehicles. The asking rent is $30 psf with CAM of $2.88 psf. For details, contact Jeff Reenders, Strategic Retail Advisors, 3990 Westerly Place, Suite 230, Newport Beach, CA 92660; 949-640-6678, Fax 949-748-8088; Email: jeff@strategicretailadvisor.com; Web site: www.strategicretailadvisor.com.
Florida Miami Beach – 5th & Alton, a 180,000 sq.ft. power center situated on 2.7 acres between 5th Street, Alton Road, Lenox Avenue and 6th Street, has spaces available of 1,657 sq.ft. and 5,890 sq.ft. Publix, Best Buy, Ross Dress for Less, Staples and T.J. Maxx anchor the center. Cotenants include Petco, The Vitamin Shoppe and Subway. Area demographics include a population of 300,000 within five miles earning $41,000 as the median household income. The average daily traffic count is 75,000 vehicles. The asking rent is $45 psf with CAM of $12 psf. For details, contact Michael Berkowitz, Berkowitz Development Group, 2665 South Bayshore Drive, Suite 1200, Miami, FL 33133; 305-854-2800, Fax 305-859-8300; Email: mberkowitz@berkowitzdev.com; Web site: www.berkowitzdevelopment.com. South Brandon – River Springs Town Center, a 108,000 sq.ft. lifestyle center located at the intersection of Fishhawk Road and Boyette Road, has three spaces of 1,200 sq.ft. and two spaces of 1,400 sq.ft. along with a divisible space of 8,521 sq.ft. and a divisible, multi-story 50,039 sq.ft. mixed-use building. Cotenants include Fishhawk Bagel Shop, Hit the Trails Running, Just Ride Bicycles, Jets Pizza, Flint Creek Outfitter, Tokyo Japanese, Crescent Jewelers, Franks & Subs, Anytime Fitness, Stacia Michaels Salon, Ego Nails, Wells Fargo, Pinch-A-Penny, Fishhawk Barber Shop, Majik Touch Cleaners, South Florida’s Elite Martial Arts and Buffalo Wild Wings. Area demographics include a population of 121,000 within three miles earning $92,508 as the average household income. The average daily traffic count is 61,917 vehicles. Valrico – Lithia Crossing, a 100,000 sq.ft. shopping center located along Lithia-Pinecrest Road, has spaces available of 900 sq.ft. and 1,380 sq.ft. along with two spaces of 1,200 sq.ft. Stein Mart anchors the center and cotenants include Cold Stone Creamery, Better Body Tanning, Rob Z Fitness, Amani Med Spa, Chase Bank, Hut page 18
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No. 8, Designs in Jewelry, Pacific Grill, The Learning Express, Lithia Nail Design, Studio Eyes, Cork & Olive, Aegean Bleu Salon, Leena’s Chocolate, Land & Sea, Starbucks, Panera Bread, Chili’s and Regions Bank. Area demographics include a population of 63,808 within three miles earning $93,459 as the average household income. For details, contact Judi DiPietro, United American Realty Corp., 12570 Telecom Drive, Tampa, FL 33637; 813-977-5201 Ext. 308, Fax 813-977-3346; Email: jdipietro@unitedamericanrealty.com; Web site: www.unitedamericanrealty.com.
For details, contact Stuart Lenhoff, Barry Millman or Jason Lenhoff, Horizon Realty Services, Inc., 1130 Lake Cook Road, Suite 280, Buffalo Grove, IL 60089; 847-870-8585, Fax 847-870-1888; Emails: slenhoff@horizonrealtyservices.com, bmillman@horizonrealtyservices.com and jlenhoff@horizonrealtyservices.com; Web site: www.horizonrealtyservices.com.
Illinois Chicago – A mixed-use building located at the intersection of Halsted Street and Belmont Avenue has space available. Area retail includes Chase Bank, Walgreens, CVS, Ulta, Binny’s, The Sports Authority and Borders. Area demographics include a population of 203,296 within two miles. The average daily traffic count is 25,300 vehicles. The asking rent is $25 psf. For details, contact Ben Rosenfield, Titan Commercial, 225 North Columbus Drive, Suite 100, Chicago, IL 60601; 312373-7100, Fax 312-373-1400; Email: brosenfield@titancre.com; Web site: www.titancommercialrealestate.com. Des Plaines – Metropolitan Square, located between Miner Street, Lee Street, Des Plaines River Road and Perry Street, has spaces available from 890 sq.ft. to 2,876 sq.ft. Cotenants include Shop ‘N Save, Cheeseburger in Paradise, Potbelly Sandwich Works, Panera Bread, Hair Cuttery, Lee Nails, Spa Di Da, LA Tan, Fifth Third Bank and Flex Gym. Area retail includes H&R Block, Citibank and Quiznos. Area demographics include a population of 308,627 within five miles earning $75,777 as the average household income. The average daily traffic count is 66,200 vehicles. Lombard – Landings of Lombard, a 204,500 sq.ft. center situated on 22.6 acres at the intersection of Interstate 355, Route 64/North Avenue and Route 53/Rohlwing Road, has spaces available from 1,200 sq.ft. to 111,565 sq.ft. Harlem Furniture shadow-anchors the center and cotenants include Restaurant Depot, Jimmy John’s and Red Wing Shoes. Area retail includes CVS, Starbucks, Valli Produce, Staples and Menards. Area demographics include a population of 295,428 within five miles earning $89,548 as the average household income. The average daily traffic count is 212,200 vehicles.
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Lake in the Hills – The Centre at Lake in the Hills, located at the intersection of Randall Road and Algonquin Road, has spaces available from 1,200 sq.ft. to 1,600 sq.ft. along with a five-acre outlot. Dominick’s anchors the center and cotenants include Einstein Bros. Bagels, E-Z Tan, Reese’s Restaurant, Hollywood Video, GNC, Chazio’s Hair Salon, Picture It Framed, Midas Touch Jewelry and H&R Block. Area retail includes Kerasotes Theatres, Home State Bank, Starbucks, Cold Stone Creamery, Fantastic Sams, Chen’s King Wok, Nextel, Funky Munky, WineStyles, Noodles & Co., Applebee’s, White Castle, Taco Bell, Tommy Red Hots and Bank of America. Area demographics include a population of 148,529 within five miles earning $84,111 as the median household income. The average daily traffic count is 75,200 vehicles. Schaumburg – Golf Road Center, located on East Golf Road, has spaces available from 3,180 sq.ft. to 6,200 sq.ft. Area demographics include a population of 260,527 within five miles earning $75,218 as the median household income. The average daily traffic count is 45,900 vehicles. For details, contact Tyler Quast or Sarah Moberg, Zifkin Realty & Development, LLC, 560 West Washington Boulevard, Suite 4W, Chicago, IL 60661; 312-6247762/7784; Emails: tquast@zifkinrealty.com and smoberg@zifkinrealty.com; Web site: www.zifkinrealty.com.
Massachusetts Natick – A 4,400 sq.ft. freestanding building located on Worchester Road is available. The asking rent is $24 psf. For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com. (continued on page twenty)
Over 7,000
retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? TenantSearch includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches on-line can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any web browser online, access up-to-date information, print letters and save searches. Get the details on over 7,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise, Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and online TenantSearch users receive 5 to 25 leads daily via email. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and type of tenants you desire, and within seconds you’ll have a list of retailers interested in your location.
Call 1-800-732-5856 or visit our website at www.tenantsearch.com
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Peabody – A 29,000 sq.ft. strip center located at the intersection of Lynnfield Street and Summit Street has spaces available of 2,274 sq.ft.; 3,600 sq.ft. and 4,100 sq.ft. CVS, TD Bank and H&R Block anchor the center. Area demographics include a population of 280,445 within five miles earning $66,002 as the average household income. The average daily traffic count is 25,537 vehicles. The asking rent ranges from $15 psf to $22 psf. For details, contact Aubrey Cannuscio, Linear Retail Properties, LLC, 5 Burlington Woods Drive, Burlington, MA 01803; 781273-5665 Ext. 202, Fax 781-273-5683; Email: aubrey@linearretail.com; Web site: www.linearretail.com.
Nevada Las Vegas – Loma Vista Square, a 250,000 sq.ft. strip center situated on 25 acres at the intersection of Decatur Road and Meadows Lane, has a 25,000 sq.ft. space available. Toys “R” Us and Fallas Paredes anchor the center. Area retail includes Target, Ross Dress for Less, Dollar Tree, Walgreens and Meadows Mall, featuring JCPenney, Sears, Dillard’s and Macy’s. Area demographics include a population of 189,792 within three miles earning $61,509 as the average household income. The average daily traffic count is 52,000 vehicles. The asking rent is $12 psf with CAM of $2 psf and taxes of $1 psf. For details, contact Steve Boss, Afton Property Investments, 1635 Chelsea Road, Suite A, San Marino, CA 91108; 626-300-6626, Fax 626-300-6646; Email: sboss@aftonproperties.com. North Las Vegas – Aliante MarketPlace, a 168,000 sq.ft. strip center situated on 20 acres at the intersection of Interstate 215 and Aliante Parkway, has spaces available of 1,106 sq.ft.; 1,399 sq.ft. and 1,406 sq.ft. Smith’s Food King anchors the center and cotenants include Aliante Cleaners, Allstate Insurance, Arby’s, China A Go-Go, Citibank, City Stop, Great Clips, KFC, Leslie’s Pool Supplies, Sierra Gold, State Farm Insurance, Subway, The Tan Factory, The UPS Store and Wells Fargo Bank. For details, contact George Okinaka, American Nevada Realty, 901 North Green Valley Parkway, Suite 200, Henderson, NV 89074; 702-990-2155, Fax 702-990-9875; Email: george.okinaka@anclv.com; Web site: www.americannevada.com. page 20
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New York – A six-story mixed-use freestanding building located on West 56th Street between Fifth Avenue and Sixth Avenue has spaces available of 144 sq.ft. and 2,111 sq.ft. along with three spaces of 2,068 sq.ft. Area retail includes Harry Winston, Wempe, Gucci, Prada, Giorgio Armani and De Beers. Also, a multi-level building located at the intersection of Third Avenue and 59th Street has spaces available from 640 sq.ft. to 1,250 sq.ft. Area retail includes Bloomingdale’s, Ethan Allen, Urban Outfitters, Clarks and Home Depot. For details, contact Faith Hope Consolo or Joseph Aquino, Prudential Douglas Elliman Real Estate, 575 Madison Avenue, 3rd Floor, New York, NY 10022; 212-4182000; Emails: fconsolo@elliman.com and jaquino@elliman.com.
But Noodles, Claire’s, Shoe-In, Learning Express and Starbucks. Area demographics include a population of 162,015 within five miles earning $114,573 as the average household income. Monroe – Union Town Center, a 102,400 sq.ft. grocery-anchored center located at the intersection of Highway 74 and Faith Church Road, has spaces available from 1,500 sq.ft. to 11,000 sq.ft. Food Lion anchors the center and cotenants include Bedazzled, China II, Dollar Tree, Embroid Me, Cana Cleaners and State Credit Union. Area demographics include a population of 139,715 within seven miles earning $85,633 as the average household income. The average daily traffic count is 48,000 vehicles. For details, contact Darrell Palasciano, The Shopping Center Group; 704-335-5455 Ext. 8; Email: darrellp@theshoppingcentergroup.com. For additional details regarding the Charlotte property, contact Molly Prince; 704-335-5455 Ext. 9; Email: mollyp@theshoppingcentergroup.com.
Queens – A multi-level 30,000 sq.ft. freestanding building located on Junction Boulevard has divisible space available. Area retail includes Chase Bank, RadioShack, McDonald’s, Foot Locker, Rite Aid, T-Mobile, Payless ShoeSource, Fabco Shoes, Rainbow and Denim Girl. Area demographics include a population of 2.212 million within five miles earning $55,441 as the average household income. The asking rent is $30 psf for lower-level space, $100 psf for ground-floor space and $40 psf for upper-level space. For details, contact Michael Hirschhorn, Jenel Management Corp., 275 Madison Avenue, Suite 702, New York, NY 10016; 212-889-6405, Fax 212-889-6922; Email: mh@jenel.net; Web site: www.jenel.net.
North Carolina Charlotte – Stonecrest at Piper Glen, a 419,914 sq.ft. center located along Rea Road, has spaces available from 1,149 sq.ft. to 2,730 sq.ft. Target, Harris Teeter, Regal Cinemas and Borders anchor the center. Cotenants include GNC, Brownlee Jewelers, Audio Books of Stonecrest, Great Clips Stonecrest, Parcel Plus, Charlotte Sewing Center, Travel Leaders, Janix Shoes, Royal Flowers, My Nails & Spa, H&W Alterations, Elite Cleaners, GameStop, RadioShack, Ulta, Tiger Pro Golf, Anzi Pizza & Pasta, City Tavern, Dish It Out, Kabob Grill, Jersey Mike’s Subs, Miro Spanish Grill, The Jewel Box, Dean & DeLuca, Beaux Home, Jo Jo China Bistro, Marble Slab Creamery, Qdoba Mexican Grill, Dolce Lusso Salon, Chico’s, Dewoolfson, Reign, Voci Spa, T-Mobile, Massage Heights, Boneheads, Flying Biscuit, Seemore & Doolittle’s, Nothing
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Cornelius – Norman Crossing, located along West Catawba Avenue, has spaces from 3,000 sq.ft. to 9,600 sq.ft. available along with a divisible restaurant endcap of 4,800 sq.ft. Cotenants include West Marine, Peak Fitness, Subway, Savvy Salon and Big Bite’z Grill. Area demographics include a population of 63,313 within five miles earning $116,954 as the average household income. The asking rent ranges from $13 psf NNN to $17 psf NNN. The average daily traffic count is 24,000 vehicles. Matthews – Matthews Festival, located at the intersection of Highway 74/Independence Boulevard and Matthews Township Parkway, has a 4,000 sq.ft. space available along with a 4,721 sq.ft. restaurant space. Big Lots, ZX Fitness and Anna’s Linens anchor the center. Cotenants include Mario’s Pizza, Play on Music, Hair Reflections, Township Grille, Allstate Insurance, Carlo’s Grill, D. Nails, Signs by Tomorrow, Joe’s Deli, Blade Runner Hair, Finders Keepers, Barks 5th Avenue, Panda Kitchen & Bank, American General, Alphagraphics and Merle Norman. Area retail includes Home Depot, Harris Teeter and Stein Mart. Area demographics include a population of 140,791 within five miles earning $84,430 as the average household income. The average daily traffic count is 72,000 vehicles. Monroe – Fowler Secrest Plaza, located at the intersection of Highway 74/West Roosevelt Boulevard and Fowler Secrest Road, has a divisible 3,600 sq.ft. space available. Cotenants include Edible (continued on page twenty-two)
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Arrangements, Java Grande, Micro Hound, Artistic Imprints, CosmoProf, P.Q. Nail Salon and Ginger’s World Tan Spa. Area demographics include a population of 53,683 within five miles earning $59,908 as the average household income. The average daily traffic count is 36,000 vehicles. Mooresville – Mooresville Crossing II, located at the intersection of Highway 150 and Morrison Plantation Parkway, has an 1,846 sq.ft. space available. Ashley Furniture Homestore and hhgregg anchor the center. Cotenants include Hickory Tavern and Donato’s Pizza. Area retail includes SuperTarget, Best Buy, Bed Bath & Beyond, Old Navy, Staples and Petco. Area demographics include a population of 50,104 within five miles earning $82,930 as the average household income. The average daily traffic count is 40,000 vehicles. For details, contact Peyton M. Gehron, New South Properties of the Carolinas, LLC; 704-927-2887; Email: pgehron@newsouthprop.com. For additional details regarding the Matthews property, contact Dan Obermeier; 704-927-2897; Email: dobermeier@newsouthprop.com.
Ohio
South Carolina
Columbus – The Neighborhood Shoppes at Polaris, a 36,000 sq.ft. strip center located at the intersection of Sancus Boulevard and Lazelle Street, has spaces available of 1,800 sq.ft.; 2,600 sq.ft. and 7,000 sq.ft. along with outlots from 52,200 sq.ft. to 130,600 sq.ft. Cotenants include City BBQ, Henri’s, Minuteman Pizza, First Choice and Average Joe’s. Area retail includes Polaris Fashion Place. Area demographics include a population of 192,056 within five miles earning $81,131 as the average household income. The average daily traffic count is 40,000 vehicles. The asking rent is $19 psf NNN with CAM and taxes of $6.13 psf. Mansfield – An 81,000 sq.ft. strip center located on West 4th Street has a 25,000 sq.ft. space available. Gabriel Brothers anchors the center. For details, contact Jim Barger, CETA Group, LP, 55 Scott Avenue, Morgantown, WV 26508; 304-225-7141, Fax 304-2923876; Email: jim.barger@gabes.net.
3,600 sq.ft. and 4,248 sq.ft. Food Lion anchors the center and cotenants include Easy Coin Laundry, Northway Package, Reflections Two, Rent-A-Center, Sunbelt Credit, CitiTrends, Rainbow, Shoe Time, Family Dollar, Ace Cash Express and Food Day Chinese. Area demographics include a population of 157,084 within five miles earning $44,285 as the average household income. The asking rent is $9 psf NNN. Also, Bush River Center, a 65,000 sq.ft. center situated on 5.5 acres along Bush River Road, has a 43,426 sq.ft. former Circuit City available. Area retail includes Walmart Supercenter, Dutch Square Mall, Waffle House, Fuddruckers and El Chico. Area demographics include a population of 120,668 within five miles earning $46,395 as the average household income. The average daily traffic count is 20,800 vehicles. The asking rent is $6 psf NNN. For details regarding North Columbia Square, contact Laura Kovacich, NAI Avant, 1901 Main Street, Suite 200, Columbia, SC 29201; 803-744-9831; Email: lkovacich@naiavant.com; Web site: www.naiavant.com. For details regarding Bush River Center, contact Buddy John; 803744-9828; Email: bjohn@naiavant.com. DM
South Carolina Columbia – North Columbia Square, a 79,413 sq.ft. neighborhood shopping center located along Fairfield Road, has spaces available of
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