Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XXII
June 7, 2013
FEATURING Home-related Chains Expand Nationwide The Sherwin Williams Co. (Midwestern Division) trades as Sherwin-Williams at over 920 locations throughout the upper Midwest and northwestern regions of the U.S. The stores, offering paint and related products and supplies, occupy spaces of 4,000 sq.ft. in freestanding locations and endcaps of shopping centers. Plans call for 20 openings annually throughout Chicago, IL; Detroit, MI; Minneapolis, MN; Portland, OR and Seattle, WA during the coming 18 months. Typical leases run five to 10 years with options. The company prefers site submittals via email. For more information, contact Jeff Light, The Sherwin Williams Co., 11410 Alameda Drive, Strongsville, OH 44149; 440-846-4304, Fax 440846-4285; Email: jhlight@sherwin.com; Web site: www.sherwin-williams.com.
Ethan Allen operates 300 locations nationwide and internationally. The stores, offering living room, dining room and bedroom furniture, as well as home décor and related accessories, occupy spaces of 10,000 sq.ft. to 14,000 sq.ft. in shopping centers and urban/downtown areas. Limited growth opportunities are sought throughout Los Angeles and Ventura counties in CA during the coming 18 months, with representation by May Realty Advisors. For more information, contact Matthew May, May Realty Advisors, 15206 Ventura Boulevard, Suite 302, Sherman Oaks, CA 91403; 818-5283999, Fax 818-905-7559; Email: matthew@mra.la; Web sites: www.mayrealtyadvisors.com and www.ethanallen.com.
R.P. Lumber Co., Inc. trades as R.P. Lumber at 46 locations throughout IL and MO. The stores, offering home improvement products and building materials, occupy freestanding locations or conversions of shopping centers on land areas of at least two acres. Growth opportunities are sought throughout the Midwestern region of the U.S. during the coming 18 months. Major competitors include Lowe’s Home Improvement, Home Depot, Menards and independent lumber yards. The company prefers to acquire sites. For more information, contact Jason Plummer, R.P. Lumber Co., Inc., 514 East Vandalia Street, Edwardsville, IL 62025; 618-656-1514, Fax 618655-7988; Web site: www.rplumber.com.
Bed Bath & Beyond, Inc. trades as Bed Bath & Beyond at 1,000 locations nationwide. The stores, offering home décor items and housewares, occupy spaces of 20,000 sq.ft. to 75,000 sq.ft. in freestanding locations and mixed-use, outlet, power, specialty, strip and tourist centers, as well as downtown areas. Plans call for 35 openings nationwide and in Canada and Mexico during the coming 18 months. For more information, contact Seth Geldzahler, Bed Bath & Beyond, Inc., 650 Liberty Avenue, Union, NJ 07083; 908-855-4568, Fax 908-6888385; Email: seth.geldzahler@bedbath.com; Web site: www.bedbathandbeyond.com. (continued on page eight)
This issue contains information on: • Retailers operating 25,725 locations with plans to open 385 sites • Real estate valued in excess of $142 million to be bought, sold & financed • Leasing activity on over 2.78 million sq.ft. of retail properties Postmaster: Periodical ews
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post-show icsc recon New Construction VM Development Group, LLC is developing a center in Easton, PA.............................................. Pg. 4 Who’s Opening & Where The Fresh Market is opening a supermarket in Alexandria, VA.... Pg. 6 Exclusives Retail Solutions is representing Tint World with expansion throughout Austin, TX................. Pg. 6 Food Chains Expand Burger King looking for sites throughout MN........................... Pg. 9 Lease Signings Brixmor signs a lease with Supercuts in Spartanburg, SC...... Pg. 11 Buyers and Sellers Marcus & Millichap is selling a center in Waldwick, NJ............... Pg. 11 Sources of Financing Continental Funding Group negotiated financing for a center in Monterey Park, CA................. Pg. 12 Making the News Berkson & Sons, Ltd. hired Charlie Dercks as a broker.......... Pg. 12 Lead Sheet Pep Boys is seeking location throughout the New York, NY metropolitan area....................... Pg. 13 Comet Cleaners expanding nationwide................................. Pg. 13 Space Place................................ Pg. 21