Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXI
June 5, 2009
Home-Related Chains Expand Nationwide Ace Hardware operates 5,000 locations nationwide and internationally. The stores occupy spaces of 5,000 sq.ft. to 20,000 sq.ft. in downtown areas, freestanding locations and power centers. Growth opportunities are sought throughout DE, MD, VA and Washington, D.C. during the coming 18 months, with representation by Paraclete Realty. Preferred cotenants include grocery stores. Major competitors include Lowe’s Home Improvement, Home Depot, True Value and 84 Lumber. For more information, contact Charlie Phelps, Paraclete Realty, 408 Headquarters Drive, Suite 3C, Millersville, MD 21108; 410-987-9500, Fax 410-987-9502; Email: charlie@paracleterealty.com; Web site: www.paracleterealty.com. Westlake Hardware, Inc. trades as Westlake Ace Hardware at 89 locations throughout IA, KS, MO, NE, NM, OK and TX. The hardware stores occupy spaces of 20,000 sq.ft. in freestanding locations and strip centers. Plans call for four openings throughout the existing markets during the coming 18 months. Typical leases run five years. Preferred cotenants include supermarkets and drug stores. Preferred demographics include a population of 15,000 within two miles earning $50,000 as the average household income. For more information, contact Robert Massengill, Westlake Hardware, Inc., 14000 Marshall Drive, Lenexa, KS 66215; 913-888-0808, Fax 913-888-2153; Email: bmassengill@westlakehardware.com.
Pacific Sales operates 35 locations throughout AZ, CA and NV. The stores, offering kitchen and bath items and appliances as well as electronics, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in freestanding locations and power centers. Plans call for six openings throughout southern CA during the coming 18 months, with representation by Epsteen & Associates. Typical leases run 10 years with four, five-year options. The company prefers to locate in freeway-visible sites. For more information, contact Maryl Haire, Epsteen & Associates, 1429 4th Street, Santa Monica, CA 90401; 310-451-8171 Ext. 229, Fax 310-395-6361; Email: mhaire@epsteen.com; Web site: www.pacificsales.com. R.P. Lumber Co., Inc. trades as R.P. Lumber at 45 locations throughout IL and MO. The stores, offering building materials and home improvement products, occupy freestanding locations situated on a land area of four acres. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months. The company prefers to acquire sites. Major competitors include Lowe’s Home Improvement, Home Depot and Menards. For more information, contact Jason Plummer, R.P. Lumber Co., Inc., 514 East Vandalia Avenue, Edwardsville, IL 62025; 618-656-1514, Fax 618-656-6785; Web site: www.rplumber.com. (continued on page twenty)
This issue contains information on:
* Retailers operating 36,456 locations with plans to open 2,034 sites * Real estate valued in excess of $175.95 million to be bought, sold & financed * Leasing activity on over 10.937 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
The Dealmakers cares about our environment
This package is recyclable where facilities accept
Featuring Post-Show ICSC RECon 2009 New Construction Mandel Group is preleasing the second phase of a mixed-use center in Milwaukee, WI......... Pg. 3 Profile|AEI Capital Corp....... Pg. 4 Buyers & Sellers Hanley Investment Group negotiated the sale of a grocery-anchored center in Loma Linda, CA..................... Pg. 6 Openings Inkstop is slated to open locations this year.................. Pg. 10 Food Retailers Expand SoGreen Yogurt looks for sites throughout the Northeast....... Pg. 14 In The News Ackman-Ziff hired Ed Chazen as a managing director........... Pg. 22 Bankruptcies & Closings Advance Auto closed four ND locations......................... Pg. 22 Apparel Retailers Expand Dress Code looks for sites throughout AL, MS, SC and TN.................................. Pg. 25 Lease Signings Jack Kahn Realty Services negotiated leases for T-Mobile sites throughout NJ and PA.... Pg. 26 Sources of Finance Better Loans & Realty Corp. provides hard money financing for projects nationwide.......... Pg. 27 Leadsheet Pep Boys will expand nationwide............................ Pg. 29 Space Place........................... Pg. 34
For more news go to: www.dealmakers.net