Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. XXII
June 8, 2012
Home-Related Chains Expand Nationwide Hammond Lumber Co. operates 12 locations throughout ME. The chain, offering building materials and supplies, prefers to occupy spaces of 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Major competitors include Home Depot and Lowe’s Home Improvement. A land area of five to 20 acres is required. The company prefers to acquire sites. For more information, contact Michael Hammond, Hammond Lumber Co., PO Box 500 / 2 Hammond Drive, Belgrade, ME 04917; 207-495-3303, Fax 207-495-2304; Email: mhammond@hammondlumber.com; Web site: www.hammondlumber.com.
Builders Discount Centers, Inc. trades as Builders Discount Center at 11 locations throughout NC and VA. The stores, offering building materials and related supplies, including lumber, siding and roofing products, as well as vinyl windows and cabinetry, occupy spaces of 60,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC, SC and VA during the coming 18 months. The company prefers to acquire sites. For more information, contact Glenn Perry, Builders Discount Centers, Inc., 1261 South Wesleyan Boulevard, Rocky Mount, NC 278034504; 252-442-2674, Fax 252-442-8059; Email: bdcgp@suddenlinkmail.com; Web site: www.buildersdiscount.net.
Butler Carpet Co. trades as Bob’s Carpet Mart at 16 locations throughout FL. The stores, offering carpet, hardwood, vinyl and laminate flooring, as well as window treatments, including blinds, shades and shutters, occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Limited growth opportunities are sought within a 50 to 60mile radius of the home office in Clearwater, FL during the coming 18 months. Typical leases run five years with a five-year option. The company is site selective. For more information, contact Bert Butler, Butler Carpet Co., 10815 U.S. Highway 19 North, Clearwater, FL 33764; 727571-9998, Fax 727-571-3727; Web site: www.bobscarpet.com.
R.P. Lumber Co., Inc. trades as R.P. Lumber at 46 locations throughout IL and MO. The stores, offering building materials and home improvement products, occupy freestanding locations and conversion spaces in shopping centers on a land area 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. (continued on page sixteen)
This issue contains information on:
* Retailers operating 26,861 locations with plans to open 2,775 sites * Real estate valued in excess of $119 million to be bought, sold & financed * Leasing activity on over 2.62 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Post-Show ICSC RECon 2012 New Construction Konover South is preleasing a 150,000 sq.ft. center in Delray Beach, FL................... Pg. 4 Horry County Planning & Zoning is developing a project in Myrtle Beach, SC............... Pg. 4 Who’s Opening and Where Whole Foods plans to open a supermarket in Savannah, GA Pg. 6 L.L. Bean to open at the Danbury Fair Mall in Danbury, CT......................................... Pg. 6 Buyers and Sellers SRS Real Estate Partners is selling a 25,050 sq.ft. building in Abington, MA.................... Pg. 8 Food Chains Expand Marble Slab Creamery plans to open 19 locations nationwide Pg. 12 Sonic looks for locations nationwide............................ Pg. 14 Lease Signings WindStar Properties negotiated a lease with Total Nutrition for 1,400 sq.ft. in Mansfield, TX......................................... Pg. 22 Exclusives Katz & Associates reps Jos. A. Bank throughout FL............... Pg. 26 Real Property Specialists, Inc. reps Dr. G’s Weight Loss in central FL.............................. Pg. 26 Lead Sheet Honey Farms Convenience seeks locations in MA and NH........................................ Pg. 27 Salon Boutique looks for locations in AZ, CA, NV and TX......................................... Pg. 30 Space Place........................... Pg. 36 Most Valuable Players........... Pg. 46
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New Construction Forness Properties is preleasing Plaza Venezia, a 68,400 sq.ft. project located at the intersection of Laurel Road and Pinebrook Road in Venice, FL. Shop space and outparcels are available. Publix anchors the center. Area draws include Sarasota Medical Center Laurel Campus. Construction is slated this year. Area demographics include a population of 69,766 within three miles. The average daily traffic count is 14,000 vehicles. The company is also preleasing Pavilion Crossing, a 68,400 sq.ft. project located at the intersection of U.S. Route 301 and South Falkenburg Road in Riverview, FL. A space of 7,200 sq.ft. and two spaces of 7,800 sq.ft. are available along with outparcels. Publix anchors the center. Area demographics include a population of 138,516 sq.ft. within five miles earning $65,444 as the average household income. The average daily traffic count is 38,000 vehicles. The company is also preleasing Harbor Point, a 68,400 sq.ft. project located at the intersection of U.S. Highway 1 and 53rd Street in Vero Beach, FL. Publix anchors the center. Area demographics include a population of 49,437 within five miles earning $75,305 as the average household income. The average daily traffic count is 30,000 vehicles. For more information regarding Plaza Venezia or Pavilion Crossing, contact Drew Forness, Forness Properties; 407-403-5846; Email: drew@fornessproperties.com; Web site: www.fornessproperties.com. For more information regarding Harbor Point, contact Drew Forness or Terrence Hart; Email: terrence@fornessproperties.com. Konover South is preleasing Delray Square II, a 150,000 sq.ft. center located along South Military Avenue in Delray Beach, FL. Shop space of 90,000 sq.ft. is available for redevelopment. Cotenants include Big Lots and Publix shadow-anchors the site. Area retail includes Bed Bath & Beyond, Ross Dress for Less, Office Depot, Dollar Tree, WinnDixie and Beall’s Outlet. Area demographics include a population of 221,777 within five miles earning $87,737 as the average household income. The average daily traffic count is 36,500 vehicles. For more information, contact Scott Meyers, Konover South; 954-354-8282; Email: smeyers@konoversouth.com; Web site: www.konoversouth.com. Thur Retail is preleasing Bristow Commons, located along Devlin Road in Bristow, VA. Cotenants include Walgreens. For more information, contact Shary Thur, Thur Retail; 202-359-3469; Web site: www.thurretail.com. page 4
June 8, 2012
The
Bishop Beale is preleasing a mixed-use project located along Celebration Boulevard in Celebration, FL. Shop spaces of up to 50,000 sq.ft. are available. Area retail includes Publix, Target and Walmart. Area draws include Walt Disney World and Sea World. Area demographics include a population of 26,768 within five miles earning $80,596 as the average household income. The average daily traffic count is 79,000 vehicles. For more information, contact David Cobb, Bishop Beale; 407-426-7702 Ext. 59; Email: david@bishopbeale.com; Web site: www.bishopbeale.com. Regency Centers is developing East Washington Place, a 378,000 sq.ft. community shopping center located in Petaluma, CA. Target will anchor the site. The center is slated to open during summer 2013. The company is also developing phase one of Southpark at Cinco Ranch, a 260,000 sq.ft. neighborhood shopping center located in Fort Bend County, TX. Kroger will anchor the center, which is slated to open later this year. For more information, contact Regency Centers, 915 Wilshire Boulevard Suite 2200, Los Angeles, CA 90017; 213-553-2200; Web site: www.regencycenters.com. Lane Parke is preleasing a mixed-use center situated on 27 acres at the intersection of Culver Road and Montevallo Road in Birmingham, AL. The project features a 206,300 sq.ft. retail component, a 39,626 sq.ft. office component and a 99,105 sq.ft. hotel component. Area draws include Birmingham Southern College, University of Alabama Birmingham and Samford University. Area demographics include a trade-area population of 2.9 million. For more information, contact Lane Parke, PO Box 531247, Mountain Brook, AL 35223; 205-871-0888; Web site: www.laneparke.com. Southern Management & Development, LP is preleasing Sienna at Miramar, a 34,336 sq.ft. mixed-use project located along South University Drive/State Route 817 in Miramar, FL. Area demographics include a population of 452,242 within five miles earning $55,810 as the average household income. The average daily traffic count is 73,000 vehicles. For more information, contact Southern Management & Development, LP, 925 South Federal Highway, Suite 425, Boca Raton, FL 33432; 561-948-7100
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Ext. 104, Fax 561-948-7120; Web site: www.smdproperty.com. Horry County Planning & Zoning is developing a project located at the intersection of South Carolina Route 544 and U.S. 17 Bypass in Myrtle Beach, SC. Area retail includes South Strand Commons, featuring Kohl’s, Ross Dress for Less and Lowe’s Home Improvement. For more information, contact Horry County Planning & Zoning, 1301 Second Street, Conway, SC 29526; 843-915-5340, D Fax 843-915-6340. M
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 Stephanie Weaver • stephanie@dealmakers.net Customer Service Bridget Thoresen • custserv@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2012 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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Who’s Opening and Where Whole Foods Market, Inc. (512-477-4455) plans to open a 35,000 sq.ft. Whole Foods supermarket along Victory Drive in Savannah, GA. The store is slated to open during fall 2014. The company is also planning to open a 32,000 sq.ft. Whole Foods at Colonie Center in Albany, NY. The store is slated to open during late 2013. The company currently operates 316 specialty supermarkets throughout 38 states nationwide and in Washington, DC, as well as throughout Canada and the United Kingdom.
Nordstrom, Inc. (206-628-2111) plans to open a 32,000 sq.ft. Nordstrom Rack store at Alamo Quarry Market in San Antonio, TX this fall. The store will join Bed Bath & Beyond, Michaels, Office Max, Old Navy, Whole Foods, Banana Republic, Gap, Pottery Barn and Restoration Hardware at the site and currently operates at 228 locations in 31 states, including 117 full-line stores, 107 Nordstrom Racks, two Jeffrey boutiques, one treasure&bond store and one clearance store.
Hennes & Mauritz AB (212-564-9922) plans to open a 25,600 sq.ft. H&M store in a former movie theatre at the Willowbrook Mall, located at the intersection of FM 1960 and Texas Route 249 in Houston, TX. The store is slated to open this summer. The company currently operates 2,500 locations, offering apparel for men, women and children, nationwide and internationally.
Schnucks (314-994-4400) plans to open two supermarkets in Springfield, IL, including one located at the intersection of Dirksen Parkway and Singer Avenue and a location at the intersection of Bruns Lane and Washington Street. The stores will bring the company’s count to four in the area. The company currently operates 100 locations throughout IA, IL, IN, MO and WI.
Dunkin’ Brands, Inc. (781-737-3000), through a franchise, plans to open a Dunkin’ Donuts location in south central IL in 2013. The company currently operates more than 10,000 locations worldwide, including more than 7,000 locations throughout the U.S. in 36 states and the District of Columbia, as well as 3,000 locations internationally.
Trader Joe’s Co. (626-599-3700) plans to open an 11,500 sq.ft. Trader Joe’s supermarket located along Seaholm Drive in Austin, TX. The store is slated to open during 2013. The company currently operates more than 365 locations throughout 31 states nationwide.
Giggles N’ Hugs, Inc. (310-553-4847) is planning to open a 5,900 sq.ft. Giggles N’ Hugs kid-theme restaurant at Westfield Topanga Shopping Center, located in San Fernando Valley, CA this summer. The company owns and operates restaurants with play areas filled with a variety of toys for children 10 years and under. Quaker Steak & Lube (724-981-3123) plans to open three restaurants in Philadelphia, PA, with the first one slated to open during April 2013. The company also plans to open 12 restaurants this year. The company currently operates 11 locations in PA. Zoes Kitchen (205-414-1906) plans to open four Zoes Kitchen restaurants in the Atlanta, GA metropolitan area this year. The company currently operates 60 locations throughout 12 states. The Bartell Drug Co. (877-227-8355) plans to open a Bartell Drugs store at Borgen Plaza, located at the intersection of Bendigo Boulevard and Park Avenue in Northbend, WA. The store is slated to open in 2013. Cricket Communications, Inc. (858-8826000) plans to open 350 Cricket stores this year. page 6
June 8, 2012
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Chipotle Mexican Grill, Inc. (303-595-4000) plans to open a ShopHouse restaurant in Washington, DC. The restaurant is slated to open by year’s end and is the company’s second location under the ShopHouse trade name in the area. The company currently operates 1,200 restaurants nationwide. Macy’s, Inc. (513-579-7000) plans to open a 160,000 sq.ft. bi-level Macy’s store at Mall at University Town Center, located in Sarasota, FL during fall 2014. It will be the company’s fourth location in the area. GoldMax USA (877-554-6534) plans to open 40 stores throughout FL this year, ranging in size from 700 sq.ft. to 4,000 sq.ft. The company currently operates more than 200 locations nationwide and specializes in buying gold and precious metals. Five Guys Enterprises, LLC (703-339-9500) plans to open three Five Guys Famous Burgers and Fries restaurants in Cincinnati, OH by July. The company currently operates more than 900 locations nationwide throughout 46 states, as well as in Canada. Texas Roadhouse, Inc. (502-515-7300) plans to open 25 Texas Roadhouse restaurants this year. The company currently operates 370 locations nationwide throughout 47 states as well as one internationally.
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Target Corp. (612-304-6073) plans to open a 99,000 sq.ft. CityTarget at the intersection of La Cienega and Beverly Boulevard in Los Angeles, CA, slated to open during March 2013. It will be the company’s fourth location under this concept in CA, including three in Los Angeles and one in San Francisco. The company currently operates more than 1,700 locations nationwide throughout 49 states. McAlister’s Corp. (601-956-3887) plans to open 15 McAlister’s Deli restaurants throughout the Great Plains, Midwest and southwestern regions of the U.S. this year. The company is also planning to open three restaurants in MI as well as throughout AZ, KS, NE, NM, OH and PA and currently operates 320 locations in 23 states. Burlington Coat Factory Warehouse Corp. (609-387-7800) is planning to open a 92,000 sq.ft. Burlington Coat Factory flagship location in the Union Square section of Manhattan, NY this fall. It will be the company’s sixth location in New York City. The company also plans to open 20 locations in 2012 and currently operates 482 locations throughout 44 states nationwide and in Puerto Rico. Meijer, Inc. (616-453-6711) plans to open a 191,350 sq.ft. Meijer supermarket at the intersection of Highway 100 and West Loomis Road in Franklin, WI. The store will be the company’s first location in WI and is slated to open in 2014. The company currently operates 195 locations throughout IL, IN, KY, MI and OH. Saruku Japan (905-74-0710) plans to open a restaurant at Summerhill Square, located along Route 18 in East Brunswick, NJ. The company will be joining Chipotle, Cups Frozen Yogurt, Pier 1 Imports, Five Below, Ulta, Muscle Maker Grill, David’s Bridal and Annie Sez at the site and is slated to open this summer. L.L.Bean, Inc. (207-552-3028) plans to open a L.L. Bean store at the Danbury Fair Mall, located in Danbury, CT. It will be the company’s third location in CT and is slated to open this summer. The company will join Michael Korrs, Brooks Brothers and Bebe at the site. SkinnySweet Frozen Yogurt (773-4917491) plans to open a shop at Market Plaza, located along Roosevelt Road in Glen Ellyn, IL. The shop is slated to open in July and will be joining Little Caesars and Panera Bread at the site. DM
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Buyers and Sellers da Vinci Realty, LLC is selling Two Guns, a 232-acre divisible property located at the intersection of Interstate 40 and Two Guns Interchange in Coconino County, AZ. The asking price is $2.907 million. The company is also selling Plaza 777 situated on .58 acres along West Highway 89A in Sedona, AZ. Domino’s Pizza anchors the 77% occupied center. The NOI is $79,645. The asking price is $1.3 million with a Cap rate of 6.13%. The company is also selling 4.4 acres of land along East Route 66 in Flagstaff, AZ. Area retail includes Sam’s Club and Super Walmart. The asking price is $4.4 million. The company is also selling a 3-acre parcel of land with two vacant buildings of 8,000 sq.ft. and 1,420 sq.ft. along East Route 66 in Flagstaff, AZ. The asking price is $999,999. For more information, contact Mark T. Belsanti, da Vinci Realty, LLC, PO Box 1516, Flagstaff, AZ 86002; 928-779-3800, Fax 928222-0189; Email: mark@davincirealty.com; Web site: www.davincirealty.com. Retail Solutions is selling Shops at the Springs, a 100 % occupied center located in the suburb Dripping Springs outside Austin, TX. The center is situated directly across from Home Depot and HEB. Area demographics include an average household income earning over $107,000 within a five mile radius. The company also sold a Dollar General located in Nederland, TX. The company is also selling The Shops at Cameron Road, a 5,010 sq.ft. center located along Cameron Road in Austin, TX. The center is 100% occupied. The asking price is $1.428 million with a Cap rate of 8.42%. For more information, contact Alan Rust, Retail Solutions, 1122 South Capital of Texas Highway, Suite 300, Austin, TX 78746; 512474-5557; Email: alan@retailsolutions.us; Web site: www.retailsolutions.us. Cassidy Turley – San Diego negotiated the sale of a 14,820 sq.ft. retail space located along Centennial Boulevard in Richardson, TX. Wilson Land & Cattle acquired the property for $4.77 million from an undisclosed seller represented by Real Capital Solutions. The company also sold a 52,707 sq.ft. retail space located along Bandera Road in San Antonia, TX. An undisclosed buyer acquired the property for $2.35 million from Tres Gatos Management represented by GFR Development Services, LLC. For more information, contact Lesley-Joann Kolb, Cassidy Turley – San Diego, 4350 La Jolla Village Drive, Suite 500, San Diego, CA 92122; 858-625-5244, Fax 858-630-6320; Email: lesleyjoann.kolb@cassidyturley.com; Web site: www.cassidyturley.com. page 8
June 8, 2012
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Hanley Investment Group Real Estate Advisors negotiated the sale of Marketplace on Hamner, a 12,835 sq.ft. strip center located adjacent to LA Fitness on Hamner Avenue in Norco, CA. The center was 100% occupied at the time of sale. Tenants include Chipotle Mexican Grill, Sprint and Jersey Mike’s. Agins Development Corp., represented by Calvert Properties, acquired the property for $5 million with a Cap rate of 7.4%. The company also negotiated the sale of Winston Plaza, a 34,850 sq.ft. strip center located along Mission Trail in Lake Elsinore, CA. Fan Family Trust, represented by R&L Properties-Cerritos Inc., acquired the property for $4.3 million from Palm Lake Properties, LLC. For more information, contact Hanley Investment Group; 949-585-7610; Web site: www.hanleyinvestment.com. Marcus & Millichap/National Retail Group is selling Pickaway Crossing, a 35,140 sq.ft. center located along State Route 23 in Circleville, OH. Peebles anchors the center with cotenants including Goodwill, Subway and RadioShack. The center is 82% occupied and is adjacent to Walmart Supercenter. The average daily traffic is over 30,000 vehicles. The asking price is $1.48 million with a current cap rate of 9% and a projected 90% occupancy Cap rate of 13.2%. For more information, contact Scott Wiles, Craig Fuller or Erin Patton, Marcus & Millichap/ National Retail Group; 216-264-2000 Ext. 2026/2043 or 614-360-9800 Ext. 9035; Web sites: www.nationalretailgroup.com or www.marcusmillichap.com. SRS Real Estate Partners is selling a 25,050 sq.ft. building situated on two acres at the intersection of Route 123 and Route 58 in Abington, MA. The site is adjacent to Target and Stop & Shop. The asking price is $700,000. For more information, contact Patrick A. Smith or Matt J. Ogle, SRS Real Estate Partners, 366 Madison Avenue, Fifth Floor, New York, NY 10017; 212-710-5240/5254; Emails: patrick.smith@srsre.com or matt. ogle@srsre.com; Web site: www.srse.com. Equity Alliance, LLC is selling a 3,326 sq.ft. Enterprise Bank located along Bridge Street in Pelham, NH. The site is across from Hannaford Supermarket, Walgreens and Rite Aid. The lease term is 20 years with 10% increases every five years. The asking price is $1.454 million with a Cap rate of 5.5%. For more information, contact Equity Alliance, LLC, Sevn Rolling Woods Drive, Bedford, NH 03110; 603-472-3808, Fax 603816-9620; Email: info@equity-alliance.com; Web site: www.equity-alliance.com.
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Fortune International is selling Plasma Shopping Center, a 27,049 sq.ft. center situated on a land area of 124,582 sq.ft. along Andrews Avenue in Broward, FL. The center is 100% occupied with Dollar General and Papa John’s as cotenants. The NOI is $260,925 annually. The asking price is $5.3 million with a Cap rate of 4.92%. The company is also looking to acquire strip centers and freestanding single-tenant sites with GLAs ranging from 20,000 sq.ft. up to 100,000 sq.ft. throughout southeastern FL. The acquisition requirements include an occupancy rate of 80% and a price range from $1 million to $20 million with a Cap rate of 7%. For more information, contact Fabio Faerman, Fortune International, 1390 Brickell Avenue, Suite 104, Miami, FL 33131; 786262-9966; Email: fff@fir.com; Web site: www.facommercial.com. RED Development and Cole Real Estate Investments in a joint venture acquired Chandler Festival, a 370,000 sq.ft. power center located in Chandler, AZ. At the time of sale, Nordstrom Rack, T.J. Maxx and Ross Dress for Less anchored the center and cotenants included ULTA, OfficeMax, PetSmart, AT&T Mobility, Outback Steakhouse and Chick-Fil-A. The center was acquired for $31 million. Also in Chandler, the companies acquired a partial interest in the 95% occupied Chandler Village, a 130,000 sq.ft. power center for $15 million. At the time of sale, Bed Bath & Beyond, DSW and Sports Authority anchored the center and cotenants included Kirkland’s, Carter’s and Verizon. For more information, contact Barry Shannahan, RED Development; 480-5567723; Web site: www.reddevelopment.com; or contact Chuck Vogel, Cole Real Estate Investments, 2325 Camelback Road, Suite 1100, Phoenix, AZ 85016; 602-778-6335; Web site: www.colecapital.com. Pentad Properties is selling Breneman Square Shopping Center, a 19,690 sq.ft center located at the intersection of Interstate 86 and Yellowstone Highway in Chubbuck, ID. Walmart, JCPenney,Sears and Herbergers shadow-anchor the 100% occupied center. Cotenants include Petco, GameStop, Sprint and H&R Block. The NOI is $277,105 annually. The asking price is $3.695 million with a Cap rate of 7.5%. For more information, contact Brent Wilson, Pentad Properties, 4530 South Fifth West, Idaho Falls, ID 83404; 208-881-1108; Email: brent@pentadretail.com; Web site: www.pentadretail.com. (continued on page twenty)
lOng-term
visiOn We are focused on creating long-term value for our shareholders and long-term relationships with our tenants. Our high-quality core portfolio of 89 primarily supermarket-anchored shopping centers straddling the Washington, DC to Boston corridor totals 13.3 million square feet, including the Company’s ownership interest through a joint venture in 22 similarly-situated supermarket-anchored shopping centers, having approximately 3.7 million square feet, that we manage.
Thank you for visiting us at ICSC RECon LasVegas.
www.cedarrealtytrust.com
CDR
WeLco RepResents…
RepResenting pRopeRties thRoughout ct, nj, ny and pa The Mall at Bay Plaza | Bronx, NY
neW yoRK Bronx Bay Plaza Shopping Center East Tremont – 3860 E Tremont Avenue The Hub – 2910 Third Avenue Jerome Avenue – Gunhill Road & Jerome Ave. The Mall at Bay Plaza – Opening 2013 Riverdale – 234th St & Broadway Brooklyn Georgetowne Shopping Center Sheepshead Bay – Ocean Avenue Long island East Northport – Ellwood Shopping Center Lake Grove – DSW Plaza New Hyde Park – Stop & Shop Shopping Center Oceanside – Great Lincoln Shopping Center Oceanside – Long Beach Rd Plainview – ShopRite Shopping Centre new york 200 W. 16th Street orange county Middletown – Campbell Plaza Queens Bayside – 4219 Bell Blvd Jackson Heights – 8402 Roosevelt Avenue
OPENING 2014
Ozone Park – Woodhaven Blvd & Rockaway Blvd. Whitestone/College Point – Whitepoint Shopping Center staten island Hylan Commons – Hylan Blvd & New Dorp Lane Forest Promenade – Forest Ave & Richmond Ave. Westchester Greenburgh/White Plains – 50 Tarrytown Rd neW jeRsey Bloomfield – Bloomfield Plaza Bricktown/Lakewood – Town & Country Shopping Center Cedar Knolls – Ridgedale Ave & E Hanover Ave Clark – 52 Westfield Avenue Denville – Denville Commons East Brunswick – Summer Hill Square Edgewater – City Place at The Promenade Edison – Edison Town Center Englewood – Towne Centre of Englewood Englewood – Palisades Court Shopping Center Florham Park – 165 Columbia Turnpike Hasbrouck Heights – Rt. 17 & 46 Hawthorne – Hawthorne Plaza Hawthorne – 204 Wagaraw Road Howell – Howell Plaza Kearny – Bergen Avenue & Passaic Ave. Kearny – Harrison & Bergen Ave. Kinnelon – Meadtown Shopping Center Midland Park – Midland Park Shopping Center
Newark – Raymond Blvd & Broad St. Newark – Bank Street & Halsey St. North Bergen – Tonnelle Plaza North Brunswick – Commerce Center Nutley – 364 Centre Street Paramus – Paramus Towne Square – Rt. 17 Paramus – Rt. 17 Former Fortunoff Building Passaic – 220 Passaic Street Ramsey – Interstate Shopping Center Secaucus – Harmon Meadow, Mill Creek Waldwick – 53 Franklin Tpke. Watchung – Watchung Commons West Orange – Essex Green Shopping Center connecticut Fairfield – Stop & Shop Plaza pennsyLVania Lebanon – Lebanon Plaza Philadelphia – Market Square suBLeases fRom hsBc neW jeRsey aVaiLaBLe in: East Brunswick, Englewood, Hoboken, Jersey City, Livingston, Millburn, Newark, Ridgewood, Summit, Waldwick, West Caldwell, Westfield, Woodbridge dispositions fRom mandee/asez aVaiLaBLe in ct, nj and ny: Locations available upon request
914-576-7500 | jwelkis@welcorealty.com For additional information, please visit our website at www.welcorealty.com
Food Retailers Expand Nationwide Marble Slab Creamery operates 391 locations nationwide, as well as in Canada and internationally. The ice cream shops prefer to occupy spaces of 800 sq.ft. to 1,200 sq.ft. in lifestyle centers, malls and entertainment districts. Expansion plans call for 19 openings nationwide, with representation by Real Property Specialists, Inc. Typical leases run five to 10 years with five-year options. Preferred demographics include a population of 50,000 within three miles earning $50,000 as the median household income. Pita’s Republic operates 19 locations throughout FL and GA. The chain of restaurants prefers to occupy spaces of 1,000 sq.ft. to 1,800 sq.ft.
in shopping centers. Expansion plans call for six locations in Tampa, FL and 10 restaurants in Orlando, FL, with representation by Real Property Specialists, Inc. Typical leases run five years with two, five-year options. Preferred demographics include a population of 60,000. Preferred average daily traffic counts include 35,000 vehicles. Power Pizzeria operates five locations throughout FL. The chain of pizzerias prefers to occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in strip or power centers with a grocery anchor. Expansion plans call for 10 openings in Orlando, FL and 10 openings in the southeastern region, with representation by Real Property Specialists, Inc. Typical leases
H ! T R I E W D GO RKET LEyATHInG LESS? A MA fOR An LE T T E S WHy
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,600 stores in 48 U.S. states plus the District of Columbia & Puerto Rico and over 295 stores in Mexico.
3 GrowinG StronG… Over 4,900 stores, and we open more every week 3 StoreS that are 100% Company owned and operated… No franchises 3 FinanCially diSCiplined… We make the right decisions to protect our shareholders 3 reliable… Whether purchase money or rent, our funds will be there…on time, every time
For site criteria and contact information go to www.autozonerealestate.com or simply use your smartphone to scan the QR code ©2012 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.
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run five years with two, five-year options. Preferred demographics include a population of 75,000 within three miles earning $40,000 to $80,000 as the average household income. Preferred average daily traffic counts include 30,000 vehicles. Taqueria Del Sol operates five locations throughout GA. The chain of restaurants prefers to occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in endcaps of power centers or freestanding locations. Expansion plans call for openings throughout southern, eastern and central FL, with representation by Real Property Specialists, Inc. Outdoor seating areas are preferred. Typical leases run five years with three, five-year options. Ragin’ Sports Grill operates two locations throughout FL. The chain of restaurants prefers to occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in endcaps of shopping centers and freestanding locations. Expansion plans call for two openings throughout Tampa, FL, with representation by Real Property Specialists, Inc. Typical leases run five years with two, five-year options. Preferred demographics include a population of 50,000 earning $50,000 as the average household income. Preferred average daily traffic counts are 30,000 to 40,000 vehicles. The company is franchising. Patinella’s Chicken Grill operates one location in FL. The chain of restaurants prefers to occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. Expansion plans call for one opening in Fort Meyers, FL, with representation by Real Property Specialists, Inc. Mooyah Burgers operates 33 locations throughout AR, CA, CT, TN, TX and VA. The chain of restaurants prefers to occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in various types of retail settings. Expansion plans call for openings in Orlando, FL, with representation by Real Property Specialists, Inc. Typical leases run 10 years with two, five-year options. Preferred demographics include a population of 70,000 within three miles. Preferred average daily traffic counts are 30,000 vehicles. For more information regarding Marble Slab Creamery or Patinella’s Chicken Grill, contact Julia Sosa, RealProperty Specialists, Inc., 2345 West Sand Lake Road, Suite 100, Orlando, FL 32809; 407-812-8000 Ext. 121; Email: julia@realpropertyspecialists.com. For more information regarding Pita’s Republic or Power Pizzeria, contact Ryan Combs; 407812-8000 Ext. 114; Email: ryan@rps-fl.com. For more information regarding Taqueria Del Sol, contact Tom Heer; 407-399-6748; Email: tom@realpropertyspecialists.com. For more information regarding Ragin’ Sports Grill, contact Tyler Peterson or Julia Sosa; 407-812-8000 Ext. 108; Email: tyler@realpropertyspecialists.com. For more information regarding Mooyah Burgers, contact Julia Sosa or Ryan Combs. (continued on page fourteen)
HUT8004_Dealmaker Shoes Ad_100_Layout 1 3/22/12 3:51 PM Page 1
Need a Capital Partner That’s Walked in Your Shoes? We understand you because we understand retail, and we’re with you every step of the way. In these challenging times, Hutensky Capital Partners provides shopping center owners with certainty — creative equity to recapitalize retail assets and acquire new ones. Let’s talk.
JOINT VENTURE EQUITY | RECAPITALIZATION Brad Hutensky | bhutensky@hcpfund.com | 860.297.4530 | 100 Constitution Plaza, Seventh Floor, Hartford, Connecticut 06103 | hcpfund.com
Food Retailers Expand Nationwide (continued from page twelve)
Captain Tony’s Pizza, Inc. trades as Captain Tony’s Pizza at eight locations throughout AZ, CA, NY, OH, as well as internationally. The chain of pizzerias occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in power and strip centers and malls. Growth opportunities are sought nationwide and internationally during the coming 18 months. Preferred demographics include a population of 20,000 within one mile earning $35,000 as the average household income. For more information, contact Michael Martella, Captain Tony’s Pizza, Inc., 2607 South Woodland Boulevard, Suite 300, Deland, FL 32720; 386-736-9855; Email: captaintony@cfl.rr.com; Web site: www.captaintonys.com. Deli Management, Inc. trades as Jason’s Deli at 235 locations throughout AL, AR, AZ, CA, CO, FL, GA, IA, IL, KS, KY, LA, MO, MS, NC, NE, NM, NV, OH, OK, PA, SC, TN, TX, UT and VA. The restaurants prefer to occupy spaces of 4,500 sq.ft. to 5,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout southern FL; Atlanta, GA; Chicago, IL; Charlotte,
Carey, Greensboro, Raleigh, and WinstonSalem, NC; SC; VA and Washington, DC during the coming 18 months. For more information, contact Greg Messina, Deli Management, Inc., 2400 Broadway, Beaumont, TX 77702; 409-8381976, Fax 409-838-1906; Web site: www. jasonsdeli.com. Sonic Corporation trades as Sonic at 3,500 locations nationwide. The chain of restaurants prefers to occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. on land areas of 30,000 sq.ft. Growth opportunities are sought in the existing market during the coming 18 months. Preferred demographics include a population of 25,000 within 1.5 miles. For more information, contact Sonic Corporation, 300 Johnny Bench Drive, Oklahoma City, OK 73104; 405-225-5000; Web site: www.sonicdrivein.com. Chipotle Mexican Grill operates 1,150 locations nationwide as well as in Canada and the UK. The chain of restaurants prefers to occupy spaces of 1,800 sq.ft. to 2,500 sq.ft. in endcaps of power, mixed-use and strip centers, as well as freestanding
WE’VE CORNERED THE MARKET.
55 PROPERTIES | 5 MILLION SQUARE FEET
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Seeking Tenants and Acquisitions For leasing, contact Linda Lacey x202 For acquisitions, contact Jim Aries x224
321 Railroad Avenue Greenwich, CT 06830 203-863-8200 • ubproperties.com
NE June 8, 2012
BJ’s Restaurant & Brewhouse operates 120 locations throughout AZ, CA, CO, FL, IN, KY, LA, NV, OH, OK, OR, TX and WA. The chain of restaurants prefers to occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. on land areas of two to three acres. Growth opportunities are sought throughout southeastern FL during the coming 18 months, with representation by Retail Sites, Inc. Preferred demographics include a population of 150,000 within five miles earning $55,000 as the median household income. For more information, contact Bill Bymel, Retail Sites, Inc., 3000 Northeast 30th Place, Suite 401, Ft. Lauderdale, FL 33306; 561-2229803; Email: billbymel@retailsitesinc.com; Web site: www.retailsitesinc.com. DM
Urstadt Biddle Properties is metro NY’s dominant grocery-anchored shopping center owner.
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locations. Growth opportunities are sought throughout IN, KY, MI, OH, western PA, WV and Toronto, Canada during the coming 18 months. Typical leases run 10 years with options. For more information, contact Mark Heath, Chipotle Mexican Grill, 600 North Cleveland Avenue, Suite 130, Westerville, OH 43082; 614-286-6266, Fax 614-508-1350; Email: mheath@chipotle.com; Web site: www.chipotle.com.
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skill focus success
Management | Leasing | Acquisitions | Dispositions | Consulting With years of commercial real estate experience, our value driven team is commited to providing expert service in the shopping center business.
Contact us to discuss our portfolio of properties and find out how we can help you hit your mark.
3200 N. FEDERAL HIGHWAY FORT LAUDERDALE, FL 33306 | 954.537.2700 | www.gumberg.com
Home-Related Chains Expand Nationwide (continued from page one)
Raymour & Flanigan Furniture operates 100 locations throughout CT, DE, MA, NJ, NY, PA and RI. The stores, offering living room, dining room, home office, outdoor and bedroom furniture, as well as entertainment centers, area rugs, home accents and mattresses, prefer to occupy freestanding locations, power and strip centers in spaces of 15,000 sq.ft. to 25,000 sq.ft. in urban areas and of 40,000 sq.ft. to 60,000 sq.ft. in suburban areas. Growth opportunities are sought throughout the New York, NY metropolitan area during the coming 18 months. Typical leases run 10 to 15 years. Preferred demographics include a population of 150,000 within seven miles earning $50,000 as the average household income. A land area of 3.5 acres is required for freestanding locations. For more information, contact Scott Milnamow, Raymour & Flanigan Furniture, PO Box 220 / 7248 Morgan Road, Liverpool, NY 13088; 315453-2590, Fax 315-453-2570; Email: smilnamow@raymourflanigan.com; Web site: www.raymourflanigan.com. Harbor Freight Tools operates 380 locations nationwide. The home improvement
Treadwell Management Group Limited trades as Rent One Plus at 10 locations throughout NH. The stores, offering rent-to-own bedroom, living room and dining room furniture, as well as computers, electronics and appliances, occupy spaces of 1,900 sq.ft. in malls, freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Evan MacDonald, Treadwell Management Group Limited, 27 Harvey Road, Bedford, NH 03110; 603-645-4910, Fax 603-645-5210.
stores, offering power, hand and air tools, automotive parts and accessories, household, welding and lawn and garden items, occupy spaces of 15,000 sq.ft. in neighborhood and regional power centers. Growth opportunities are sought throughout northern Los Angeles County, CA during the coming 18 months, with representation by KB Commercial Brokerage. The company prefers to locate in secondgeneration spaces. For more information, contact Kevin Barry, KB Commercial Brokerage, 2603 Maple Avenue, Manhattan Beach, CA 90266; 424-241-2341, Fax 310-796-0680; Email: kevin@irishcb.com; Web site: www.irishcb.com.
Sit N Sleep operates 28 locations throughout southern CA. The stores, offering mattresses, bedroom furniture, linens and related accessories, occupy spaces of 13,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Larry Miller, Sit N Sleep, 14300 South Main Street, Gardena, CA 90248; 310-608-6838 Ext. 1800, Fax 310-767-7884; Web site: www.sitnsleep.com. DM
Hudson’s Bay Co. trades as Home Outfitters at 62 locations throughout Canada. The stores, offering kitchen, bathroom and bedroom products, occupy various size spaces in power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Bruce Moore, Hudson’s Bay Co., 401 Bay Street, Suite 600, Toronto, Ontario, Canada M5H 2Y4; 416-861-4521, Fax 416-861-6870.
Providing America’s retailers with expert local knowledge in multiple regional markets. • • • • • • • • • • • •
Upstate New York’s leading full service commercial real estate organization since 1971.
Albany (518) 489-9199 Binghamton (607) 754-5990 Buffalo (716) 852-7500 Corning (607) 937-9720 Hudson Valley (845) 522-5900
Ithaca Rochester Syracuse Utica Watertown
(607) 277-2327 (585) 248-9426 (315) 445-1030 (315) 736-0856 (315) 779-1196
www.pyramidbrokerage.com page 16
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Asset & Excess Property Dispositions Landlord/Seller Representation Tenant/Buyer Representation Site Selection & Acquisitions Market Analysis & Research Finance & Capital Services Investment Sales Advisory Services Hospitality Services Impaired Asset Services Property Management Services Receivership Services
ONE OR MORE OF OUR OFFICES OR INDIVIDUALS ARE MEMBERS OF:
Carl F. Mattone, President 141-07 20th Avenue, Suite 507 Whitestone, New York 11357 Tel: 718-747-6700 • Fax: 718-747-7793 Email: cmattone@mattonegroup.com Visit our website for more information: www.mattonegroup.com
clearnorth plaza • Bayside, new york 100% Leased 8,000 Sq. Ft. • Tenants: AT&T, Subway, Vitamin Shoppe • Located on Northern Boulevard with easy access to the Clearview Expressway • Parking 3/1,000
jamaica center • jamaica, new york 100% Leased 215,806 Sq. Ft. • Tenants: National Amusements Multiplex, Bally’s Total Fitness, Old Navy, Walgreens, Carver Federal Saving Bank, Dunkin Donuts, Subway, and more • Recently Signed: Popeye’s Louisiana Chicken 2,600 Sq. Ft., K&G Fashion Superstore 15,115 Sq. Ft. • Access to Mass Transit • Parking 2/1,000
pathmark plaza • springField gardens, new york 100% Leased 97,000 Sq. Ft. • Tenants: Pathmark, Ashley Stewart, Payless Shoe Source, Petland Discount, Rainbow Shops, Radio Shack and more • Recently Signed: Municipal Credit Union 4,200 Sq. Ft. • Parking 4.5/1,000
roosevelt raceway i • westBury, new york 100% Leased 75,500 Sq. Ft. • Tenants: Loews Theatre, Chili’s, Cozeymel, Scottos Italian Restaurant • Located a short distance from Roosevelt Field Mall and one block south of Old Country Road • Parking 5/1,000
roosevelt raceway ii • westBury, new york 85% Leased 357,000 Sq. Ft. • Tenants: Home Depot, Michael’s, Applebee’s, Babies R Us, Sprint • Recently Signed: Fairway Supermarket 68,000 Sq. Ft. • Parking 5/1,000 • available 60,000 sq. Ft. will divide
Lease Signings Block & Co., Inc. (816-753-6000) negotiated the following leases: with Perfect Nails for 975 sq.ft. and with Inside a Saved Diva’s Closet for 975 sq.ft. at Grandview Village Shopping Center located along South Blue Ridge Extension in Grandview, MO, with the company representing the landlord in both transactions; with Tanspa 95, LLC, for 1,050 sq.ft. along West 110th Street in Prairie Village, KS, with the company representing the tenant in the transaction; with Harrison Cellular for 1,088 sq.ft. at Ruskin Heights Shopping Center, located at the intersection of Blue Ridge Boulevard and Red Bridge Road in Kansas
City, MO, with the company representing the landlord in the transaction; with The Mutual Fund Store for 1,625 sq.ft and with Select Physical Therapy for 3,556 sq.ft. at the Plaza at Shoal Creek, located at the intersection of Highway 152 and Flintlock Road in Kansas City, MO, with the company representing the landlord in both transactions; with We Buy Gold, LLC, for 1,975 sq.ft. along Wornall Road in Kansas City, MO; with Domenech Expression for 2,000 sq.ft. along Metcalf Avenue in Overland Park, KS, with the company representing the landlord in the transaction; with Hendricks Automotive
Your Next Opportunity starts in Berks County (SE PA) 2203 Lancaster Pike, Shillington, PA 19607
First Time on Market! • 24,886 SF building with 16,000 SF available for lease • 2.78 Acre site with 20,000+ vehicles/day • Perfectly located where Wyomissing, Shillington & Mohnton meet • For Sale or Lease
4090 & 4100 Perkiomen Ave. Reading, PA 19606
5320 Allentown Pike Temple, PA 19560
3722-3730 Penn Avenue Sinking Spring, PA 19608
High Profile Corner Available
Offered for Sale at $3.2 Million
Redevelopment Potential
• 2.27 Acres - Pad ready offered for Sale at $1.7M • 3.58 Acres - Ready for re-development offered for Sale at $4.25M • 22,000 vehicles/day • Located 1/4 mile from Rte. 422, I-176 and Rte. 222
• 6.41 Acre Retail commercial land • All utilities on site • Ground lease available • Strategically located between Wal-Mart Supercenter & Sam’s Club
• Almost 10 Acres Retail/ commercial land • Last choice parcel of land in Sinking Spring • Over 27,000 vehicles/day
Structured Development (312-928-0728) negotiated leases with PetSmart and Buy Buy Baby along North Kingsbury Street in North Chicago, IL to occupy a total of 45,000 sq.ft. on 2.3 acres.
610-779-1400 • www.NAIKeystone.com page 18
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Group for space at the intersection of Interstate 35 and 67th Street in Merriam, KS, with the company representing the landlord in the transaction; with Pepperjax Grill for 2,525 sq.ft. along Massachusetts Street in Lawrence, KS, with the company representing the tenant in the transaction; with Mattress Firm, Inc. for 4,500 sq.ft. at Blackbob Corners Shopping Center, located at the intersection of Blackbob Road and 119th Street in Olathe, KS, with the company representing the landlord in the transaction; with Rally House of Kansas City for 6,000 sq.ft. along East Broadway in Columbia, MO, with the company representing the tenant in the transaction; with 810 Zone for a 6,500 sq.ft. Sports Bar located along Chipman Road in Lee’s Summit, MO, with the company representing the tenant in the transaction; with Gamestop for 7,000 sq.ft. along Sam Walton Lane in Lee’s Summit, MO, with the company representing the landlord in the transaction; with Couches to Curios for 10,000 sq.ft. along Metcalf Avenue in Overland Park, KS, with the company representing the landlord in the transaction; with Smart Club for 34,555 sq.ft. at Landing Shopping Center, located at the intersection of 63rd Street and Troost Avenue in Kansas City, MO, with the company representing the landlord in the transaction; with Roth Orthodontics PA for 3,140 sq.ft. located along Hedge Lane in Shawnee, KS, with the company representing the landlord in the transaction; with Saffron Authentic Indian Restaurant for 2,300 sq.ft. along Northwest Prairie View Road in Kansas City, MO, with the company representing the landlord in the transaction; with The Hub Hookah Lounge, LLC, for 3,560 sq.ft. along Northwest Prairie View Road in Kansas City, MO, with the company representing the landlord in the transaction; with Hlee Heide Her for 1,200 sq.ft. located along West 75th Street in Shawnee, KS, with the company representing the landlord in the transaction; and with Pepperjax Grill for 2,204 sq.ft. along Northwest Chipman Road in Lee’s Summit, MO, with the landlord representing the tenant in the transaction.
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RG Properties, Inc. (937-434-7218) negotiated a lease with Regal Cinemas for 55,000 sq.ft. at Austin Landing, located in Miami Township, OH. (continued on page twenty-two)
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THE SPANDREL GROUP, LLC
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Buyers and Sellers (continued from page eight)
Newmark Knight Frank negotiated the sale of a MB Financial Bank located in Vernon Hills, IL. Lowe’s and Mariano’s Fresh Market shadow anchor the site. The 15 year lease has over 14 years remaining. The average daily traffic count is 32,900 vehicles. A private buyer acquired the property for $4.415 million. For more information, contact Michael Bennett or Andy Gallas, Newmark Knight Frank, One East Wacker Drive, Suite 3500, Chicago, IL 60601; 312-706-1932/1933; Emails: mbennett@newmarkkf.com or agallas@newmarkkf.com; Web site: www.newmarkkf.com. The Boulder Group is selling a Walgreens with small shop space in Bourbonnais, IL. The site has an average daily traffic count of 42,000 vehicles. The asking price is $7.861 million with a Cap rate of 6.51%. For more information, contact Randy Blankstein or Jimmy Goodman, The Boulder Group, 666 Dundee Road, Northbrook, IL 60062; 847-562-0003 or 847-5628500; Emails: rblank@bouldergroup.com or jimmy@bouldergroup.com; Web site: www.bouldergroup.com.
Deerfield Partners is selling a Walgreens located along Baytree Road in Valdosta, GA. Area demographics include a population of 31,156 within three miles earning $50,483 as the average household income. There is zero net cash flow on the transaction. The asking price is $4.49 million with a Cap rate of 7.55%. For more information, contact John Giordani or Art Griffith, Deerfield Partners, 71 Stevenson Street, Suite 400, San Francisco, CA 94105; 415-685-3035, Fax 415-871-2577; Emails: jg@deerfieldteam.com or atg@deerfieldteam.com; Web site: www.deerfieldteam.com. Westwood Net Lease Advisors is selling a 5,000 sq.ft. freestanding Sherwin Williams, located on a .76-acre parcel along Hedley Road in Springfield, IL. Area retail includes Lowe’s Home Improvement, Office Depot, Panera Bread, Best Buy and Taco Bell. The NOI is $95,400 annually. The asking price is $1.315 million with a Cap rate of 7.25%. For more information, contact Jason Simon, Westwood Net Lease Advisors; 314-563-2206; Email: jsimon@westwoodnetlease.com; Web site: www.westwoodnetlease.com.
Gaia Real Estate Investments is selling a 5,405 sq.ft. building situated on a land area of 48,046 sq.ft in Joilet, IL. The NOI is $248,306 and the asking price is $2.758 million with a Cap rate of 9%. For more information, contact Gaia Real Estate Investments; Email: info@gaiarealestateinvestments.com; Web site: www.gaiarealestateinvestments.com. HomeLand Companies is selling a 121,500 sq.ft. parcel of land located along Baker Boulevard in Baker, CA. The average daily traffic count is 73,000 vehicles. The asking price is $199,900. For more information, contact Jeff Voda, HomeLand Companies; 562-754-6689; Email: landcommercial@yahoo.com. Bewley Properties, Inc. is selling a 2.7-acre parcel of land along Tusculum Boulevard in Greenville, TN. The asking price is $950,000. For more information, contact Kandice Bewley, Bewley Properties, Inc., 615 West Main Street, Greenville, TN 37743; 423-638-6971, Fax 423-638-2969; Email: kdbewley@bewleyproperties.com; Web site: www.bewleyproperties.com. (continued on page twenty-four)
Entertainment Options for your Real Estate
Do you have a Movie Theatre in your Shopping Center? Is the Theatre lease expiring “soon”? Concerned the operator might close the Theatre prior to lease expiration? Is it important to the Center to maintain an operating Theatre? If the answer to any of these questions is YES… We have a solution: A top 25 Theatre Circuit is interested in the seamless takeover of the management of your theatre.
Do you have a Vacant Big Box or Undeveloped Land you would like to turn into an Income Producing Asset? • bowling • laser tag • state-of-the-art arcade games
• corporate meeting rooms • upscale sports bar & grille
My client, Creative Entertainment Concepts, provides the expertise to convert an existing building into an income producing multi-venue entertainment facility - or - work with you on a build-to-suit. Our goal is to attract economic development cooperation and an operator for your facility.
Contact Information James A. Samuels, Senior Vice President
p 216.765.8000 | c 216.780.8000 | f 216.755.1300
jim@guggenheiminc.com | www.guggenheiminc.com page 20
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Lease Signings (continued from page eighteen)
S.L. Nusbaum Realty Co. (757-282-6505) negotiated the following leases throughout VA with the company representing the landlord in all transactions: with Tidewater Cleaners for 750 sq.ft. at Little Creek & Tidewater Shops in Norfolk; with Paint N Sip for 825 sq.ft. at Buckner Retail Center in Virginia Beach; with Blinds Galore for 880 sq.ft. at Quarterpath Crossing in Williamsburg; with Nail Time for 1,000 sq.ft. at Creekside Village in Suffolk; with TJ Nails for 1,050 sq.ft. at Indian River Shoppes in Chesapeake; with I Can Child Care for 1,200 sq.ft. at Wythe Creek Shoppes in Hampton; with Farmers Insurance for 1,375 sq.ft. at Chesterfield Meadows Shopping Center in Chesterfield; with Jimmy John’s for 1,656 sq.ft. along North Mall Drive in Virginia Beach; with Ynot Pizza for 2,577 sq.ft. at ODU First Floor Retail Shops in Norfolk; with Tokyo Grill for 3,000 sq.ft. at College Park Square I in Virginia Beach; with Affordable Dentures for 3,825 sq.ft. at Loehmann’s Plaza in Virginia Beach; with TitleMax for 4,240 sq.ft. located along South Military Highway in Chesapeake and with Virginia Paint for 6,974 sq.ft. at J.A.N.A.F. Shopping Center in Norfolk. The company also negotiated the following lease
renewals throughout VA: with Express PC Solutions for 630 sq.ft and with Pro Nails for 850 sq.ft. at Suffolk Shopping Center in Suffolk; with Lynn Shores Barber Shop for 750 sq.ft. at Lynn Shores Shopping Center in Virginia Beach; with Nationwide InsuranceNewell Anderson for 810 sq.ft. at Sycamore Shopping Center in Midlothian; with Pampered Paws for 816 sq.ft. and with C&H Cleaners for 1,000 sq.ft. at Huguenot Village Shopping Center in Richmond; with Office Express Plus for 1,344 sq.ft. at Smithfield Square in Smithfield; with Tidewater Interior for 1,650 sq.ft. at Marketplace Shoppes in Williamsburg; with RadioShack for 2,400 sq.ft. at Hilltop North in Virginia Beach; with Payless ShoeSource for 2,500 sq.ft. at Monticello Marketplace in Williamsburg and with Internal Medicine for 5,200 sq.ft. in Chesterfield Meadows Shopping Center in Chesterfield. Lee & Associates (760-241-5211) negotiated a lease with Rigoberto’s Brother’s Restaurant for 848 sq.ft. at Barstow Shopping Center, located along East Main Street in Barstow, CA. The company represented the landlord, Barstow Shopping Centers, LLC, in the transaction.
WindStar Properties (214-526-2700) negotiated a lease with Total Nutrition for 1,400 sq.ft. and with Palm Beach Tan for 2,800 sq.ft. at Mansfield Crossing in Mansfield, TX. The company represented the landlord, Mansfield Matlock Partners, LP, in both transactions and Brody Beach Retail Realty, LLC represented the tenant in the Total Nutrition transaction and The Retail Connection represented the tenant in the Palm Beach Tan transaction. The company also negotiated a lease with QVL Pharmacy for 2,585 sq.ft. and Vision Palace for 1,950 sq.ft. at Arbrook Square in Arlington, TX. The company represented the landlord, Arbrook Square Investors, LP, in both transactions, and Stream Realty Partners represented the tenant in the QVL Pharmacy transaction. Retail Solutions (210-374-6111) negotiated a lease renewal with AARP for 874 sq.ft. at North Star Square, located along McCullough Avenue in San Antonio, TX. The company represented the landlord in the transaction. Cassidy Turley (858-625-5244) negotiated a 10-year lease with Chuze Fitness for 16,000 sq.ft. along East 22nd Street in Tucson, AZ. The company represented the tenant in the transaction. DM
Florida is Heating Up! La Plaza at Flagler Miami
MIAMI AIRPORT VILLAGE
Cape Coral
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365 Fifth Avenue South | Naples, FL
Vicenza Plaza | Hialeah Gardens FL
www.courtelis.com | 305.261.4330 page 22
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Granada Shoppes | Naples, FL
Retail Specialists unique
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NY, NJ & CT
solutions
• Airmont/Suffern, NY – 11 N. Airmont Road 1.54 Acre Parcel Avail for Ground Lease. • Airmont, NY– 214 Route 59 5,000 SF Avail. Join AutoZone. New Shopping Center. • Dobbs Ferry, NY – Saw Mill River Parkway – Chauncey Square 1,562 SF Retail & 765-5,780 SF Office Avail. New Construction. • Harriman, NY – Route 6 & Route 17-32 – Woodbury Centre 1,440 – 38,000 SF Avail. Join Kohl’s, Staples, Michael’s, GameStop, Dunkin’Donuts and Eileen Fisher. Next to Woodbury Commons. • Katonah, NY – 18 Woods Bridge Road (Route 17) 2,560 SF Avail. New Free Standing Bldg with Drive-Thru. • Katonah, NY – Katonah Avenue – Katonah Shopping Center 1,200 & 1,500 SF Avail. Join Wells Fargo, USPS and Tengda. • Kingston, NY – Ulster Avenue (Route 9W) 2 Free Standing Pad Sites with Drive-Thru. Up to 15,000 SF Avail. • Lagrangeville, NY – Route 82 – LaGrange Commons 1,200 – 4,800 SF Avail. Join A&P Supermarket. • Middletown, NY – Route 211 – H&K Furniture Plaza 1,875 – 43,000 SF Avail. Join Aldi, Cosmo Prof & Sherwin-Williams. • Monroe, NY – Route 17M – Monroe Plaza 2,500 – 50,625 SF Avail. Join Stop & Shop & McDonald’s. • Nanuet, NY – Route 59 – Rockland Center 1,200 & 15,000-23,000 SF Avail. Join Pathmark, Big Lots, PetSmart, AC Moore & HomeGoods. High Traffic/Visibility. • Newburgh, NY – Route 300 – Newburgh Towne Center 3,023 SF Avail. Join Stop & Shop, Marshall’s, Dollar Tree & Dress Barn. • Patterson, NY – Route 22 – Patterson Commons SC 1,250 SF & Pad Avail. Join A&P, Dollar Tree, Verizon & Dunkin’ Donuts. • Peekskill, NY – Railroad Avenue – Peekskill Train Station 1,450 – 3,050 SF Avail. Highly Visible Downtown Location. • Pine Bush, NY – 31 Ted Drive at Boniface Drive 1 Acre & 2.2 Acre Pad Sites (Up to 5,000 SF) Avail. Join Hannaford. • Port Chester, NY – Westchester Avenue – Waterfront at Port Chester 4,600 SF Avail. Join Stop & Shop & Bed Bath & Beyond.
• Poughkeepsie, NY – Route 9 – South Road Square 2,425 SF Avail. Join Auto Zone, AT&T, GameStop & Subway. • Rockland County, NY – Route 202 – The Shoppes at Mt. Ivy 12,000 – 86,000 SF & Pad Sites Avail. Join Wal-Mart Supercenter at Palisades Pkwy Exit 13. New Development. Opening Spring 2014. • Rye, NY – 100 Purchase Street 1,925 SF Free Standing Building Avail. Opposite Train Station. • Thornwood, NY – Columbus Avenue – Rosehill Shopping Center 1,050 - 1,600 SF Avail. Join A&P, CVS, Chase & Radio Shack. • West Haverstraw, NY – Route 9W – For Sale/Lease 13,000 SF Avail on 2 Acre Parcel Opposite Stop & Shop at Light. • White Plains, NY – Tarrytown Road – Rosemont Plaza 1,690 SF End Cap Avail. Join Planet Pizza, Pella Windows & Leslie Pools. • Vails Gate, NY – Route 32 – Big V Town Center 2,000 – 7,000 SF Avail. Join Shop Rite & K-Mart. • Yonkers, NY – Main Street – New Construction at Waterfront 4,877 SF Avail. Join Key Bank, Retro Fitness & Verizon FIOS. • Derby, CT – Pershing Drive – ShopRite Plaza 4,000 – 12,000 SF Avail. Join ShopRite, Petland & Pay-Half. • Milford, CT –Route 1 – Liberty Rock Shopping Center 1,200 – 4,480 SF Avail. Join K-Mart, Walgreen’s & Dollar Tree. • Newington, CT – Berlin Turnpike – JoAnn’s Plaza 1,500 SF Avail. Join JoAnn’s, Big Lots, Modell’s & Planet Fitness. • Norwalk, CT – Route 1 – Shop Rite Plaza 20,000 SF Avail. Join Shop Rite, Barnes & Noble & GameStop. • Norwalk, CT – Main Avenue (Route 7) – Center Seven 2,000 – 3,100 SF Avail. Join Starbucks, European Wax & Planet Pizza. • Norwalk, CT –Main Avenue (Route 7) – Wal-Mart Center 2,640 & 4,380 SF Avail. Join Wal-Mart, Staples & Panera Bread. • Orange, CT – 250 Indian River Road 18,937 SF Free Standing Bldg. Avail. 21 Ft. Ceiling & 92 Parking Spaces. • Stamford, CT – Route 1 – Shop Rite Plaza 1,625 & 2,073 SF Avail. Join Shop Rite, Dunkin’ Donuts & Subway.
Representing retailers in select regions...
850 Bronx River Road • Bronxville, NY 10708 • (t) 914-237-3403 • (f) 914-237-0196
www.RoyalPropertiesInc.com
Buyers and Sellers (continued from page twenty)
Cushman & Wakefield – Atlanta is selling Oak Ridge City Center, a 655,734 sq.ft. center located in Knoxville, TN. Tenants include Belk and JCPenny and area retail includes Walmart Supercenter, Cinemark and Staples. The average daily traffic count is over 95,000 vehicles. The asking price is $16.00 psf. For more information, contact Gary T. Saykaly, Cushman & Wakefield – Atlanta, 55 Ivan Allen Jr. Boulevard, Suite 700, Atlanta, GA 30308; 404-875-1000, Fax 404-8754637; Email: gary.saykaly@cushwake.com; Web site: www.cushwake.com.
Calkain Realty Advisors is selling a Starbucks located along Thonotosassa Road in Plant City, FL. The NN lease has over five years remaining on the initial term and features three, five year options and 10% increases. The asking price is $2 million with a Cap rate of 6.93%. The company is also selling a 1,816 sq.ft. Starbucks located in Tampa, FL. The lease term is 10 years. The NOI is $138,601. The asking price is $2 million with a Cap rate of 6.93%. The company is also selling a McDonald’s and a Chick-fil-A located along Merchant Street in Winchester, VA. Situated in Rutherford Crossing, area retail includes Lowe’s Home Improvement, Target, AT&T
wfc is actively acquiring retail properties
Westwood Financial has an immediate $100M 1031 Exchange to complete! Anchored, Shadow-Anchored, Unanchored, REO/Distressed, Note Sales & Short Sales all desired. Joe Dykstra Executive Vice President O: 310.820.5443 C: 310.890.6699 jdykstra@westfin.com
Scott Henard Vice President, Acquisitions O: 972.284.0925 C: 972.998.7373 shenard@westfin.com
11440 San Vicente Blvd, Ste 200 | Los Angeles, CA 90049 | www.westfin.com page 24
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Mobility, Famous Footwear, Party City, GameStop and Sprint. These NNN leases may be sold together with an asking price of $5.623 million and a Cap rate of 4.8%, or they may be sold separately; the McDonald’s has an asking price of $3.266 million with a Cap rate of 4.5% and the Chick-fil-A has an asking price of $2.357 million with a Cap rate of 5.25%. Also, the company negotiated the sale of CVS located in Wildwood, FL for $2.275 million. The company is also looking to acquire freestanding fast food sites, preferably McDonald’s, nationwide. Suitable properties feature an investment-grade NNN lease with a price range from $1.8 million to $2.4 million. For more information on the Starbucks property, contact Michael Zimmerman or Patrick Nutt, Calkain Companies, 3325 South University Drive, Fort Lauderdale, FL 33328; 954-302-7365, Fax 813-282-6098; Emails: mzimmerman@calkain.com or patrick.nutt@calkain.com; Web site: www.calkain.com. For more information on the McDonalds and Chick-fil-A properties, contact Betty Friant or Rick Fernandez; 703-787-4714; Emails: bfriant@calkain.com or rfernandez@calkain.com. For more information regarding McDonald’s, contact Stephen Counts, Calkain Companies; 813282-6000; Email: scounts@calkain.com. Strong & Hayden Commercial Real Estate negotiated the sale of a 156,000 sq.ft. center located along First Street in Napa, CA. Cotenants include Ben & Jerry’s and GNC. The site will be redeveloped as The Shops at Napa Center. For more information, contact Strong & Hayden Commercial Real Estate Services, 433 Soscol Avenue, Suite A130, Napa, CA 94559; 707-226-2661; Web site: www.stronghayden.com. Cohen & Company, Inc. is selling Thornwood Village Center, situated on 1.44 acres along Kebsico Road in Thornwood, NY. Walgreens anchors the 100% occupied center. For more information, contact Helen Putterman, Cohen & Company, Inc., Nine East 40th Street, New York, NY 10016; 212-803-5776, Fax 212-679-1533; Email: putterman@cohenco.com; Web site: D www.cohenco.com. M
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Leasing Management Sales Development Construction Acquisition
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Development New projects currently under development & re-development in the region’s hottest markets.
(p) 717.569.9373 (f) 717.560.9909
South Hanover Shopping Center
Millersville Commons
South Hanover SC
Pad Site & Inline Space Millersville, PA
Pad Site & Grocery Anchored Hanover, PA
Queensgate Towne Center
Keystone Arms
Grocery Power Center York, PA
Neighborhood Center Carlisle, PA
5 Mile Average HH Income
$68,584
Valley Plaza
Keller Avenue
5 Mile Population
53,999
Neighborhood Center Lewistown, PA
Transit Oriented Devel. Lancaster, PA
North Cornwall Commons
Overlook Town Center
Regional Power Center & Mixed Use Lebanon, PA
Mixed Use Lancaster, PA
Landlord Representation
Lancaster Office: 120 N. Pointe Blvd., Suite 301 Lancaster, PA 17601 York Office: 1200 Greensprings Dr. York, PA 17402
creating value through experience
Union Square SC
Route 94 & Oneill Avenue
Leasing over 6.5 Million Square Feet!
Shoppes at Landis Valley
Union Deposit Rd. & I-83
Rt. 272 & Landis Valley Rd.
5 Mile Average HH Income $62,817
5 Mile Average HH Income
$68,584
5 Mile Population
5 Mile Population
157,140
174,550
Tenant Representation
Property & Asset Management A privately-owned real estate company specializing in: • Shopping Centers • Neighborhood Centers • Drug Stores • Grocery Stores
• Convenience Stores • Power Centers • Professional Offices • Medical Offices
Managing over 5.5 Million Square Feet!
Exclusives and Leasing Assignments CB Richard Ellis (617-912-6875) is representing the following companies with their expansion plans: Eastern Mountain Sports in spaces from 12,000 sq.ft. to 15,000 sq.ft. throughout New England; St. Hubert in spaces of 2,500 sq.ft. to 12,000 sq.ft. throughout New England; Smith & Wollensky in spaces of 10,000 sq.ft. nationwide; Ace Hardware in spaces of 8,000 sq.ft. to 10,000 sq.ft. throughout CT, MA and RI; ItzAParty in spaces from 8,000 sq.ft. to 10,000 sq.ft. throughout MA; Rosa Mexicano in spaces of 8,000 sq.ft. to 10,000 sq.ft. in the greater Boston, MA area; Kool Smiles in spaces of 6,000 sq.ft. to 10,000 sq.ft. in MA, ME and NH; Pet Life in spaces of 7,000 sq.ft. to 9,000 sq.ft. throughout New England; Real School of Music in spaces of 8,000 sq.ft. throughout New England; Plaza Azteca in spaces of 5,000 sq.ft. to 8,000 sq.ft. throughout New England; Ledge Kitchen & Drinks in spaces of 5,000 sq.ft. to 8,000 sq.ft. in Boston, MA; Eblens in spaces of 6,000 sq.ft. in eastern MA; Rodizio Grill in spaces of 6,000 sq.ft. throughout New England; Dots in spaces of 4,000 sq.ft. to 6,000 sq.ft. throughout New England; The Melting Pot in spaces of 5,500 sq.ft. throughout New England; with avenue in spaces of 4,000 sq.ft. to 5,000 sq.ft. throughout New England; Shreve, Crump & Low in spaces of 5,000 sq.ft. in Boston, MA; with Mattress Giant in spaces of 3,500 sq.ft. to 5,000 sq.ft. throughout New England; with Native Foods Café in spaces of 2,500 sq.ft. to 4,000 sq.ft. in Boston, MA; with Cox Communications in spaces of 2,000 sq.ft. to 4,000 sq.ft. throughout CT; with Flor in spaces of 2,000 sq.ft. to 3,500 sq.ft. in Boston, MA; with LensCrafters in spaces of 3,200 sq.ft. throughout New England; with Moe’s Southwest Grill in spaces of 2,500 sq.ft. to 3,000 sq.ft. in Boston, MA; ME; NH and VT; with Dr. Dental in spaces of 2,000 sq.ft. to 3,000 sq.ft. throughout MA and NH; with Popeyes in spaces of 2,000 sq.ft. to 3,000 sq.ft. throughout MA, NH and RI; with Sylvan Learning Center in spaces of 2,000 sq.ft. to 3,000 sq.ft. throughout New England; with U.S. Cellular in spaces of 1,500 sq.ft. to 3,000 sq.ft. throughout ME, NH and VT; with Magnolia Bakery in spaces of 2,500 sq.ft. throughout Boston and Cambridge, MA; with Portrait Innovations in spaces of 2,500 sq.ft. throughout New England; with Ten Thousand Villages in spaces of 2,500 sq.ft. in Boston and Cambridge, MA; with Pearle Vision in spaces of 2,000 sq.ft. to 2,400 sq.ft. throughout New England; with American Laser Skincare in spaces of 2,000 sq.ft. in Boston, MA; with Energy Kitchen in spaces of 2,000 sq.ft. in Boston, MA; with Four Burgers in spaces of 2,000 sq.ft. throughout New England and with Sorelle Bakery & Café in spaces of 2,000 sq.ft. in Boston, MA. page 26
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Katz & Associates (561-361-7232) is representing Second Cup with its expansion plans throughout Broward, Lee, Collier and Palm Beach counties in FL. The company occupies spaces of 1,200 sq.ft. to 2,000 sq.ft. in endcaps with drive-thrus. Preferred demographics include a population of 30,000 within three miles earning $50,000 as the average household income. Preferred daily traffic counts include 30,000 vehicles. The company is also representing Mattress Giant with its expansion plans throughout FL. The company occupies spaces of 2,500 sq.ft. to 3,000 sq.ft. in endcaps. High visibility and regional trade areas are preferred. Preferred demographics include a population of 30,000 within three miles earning $40,000 as the average household income. Preferred average daily traffic counts include 30,000 vehicles. The company is also representing Jos. A. Bank with its expansion plans throughout FL. The company seeks to occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in malls and padsites of lifestyle and strip centers. The company is also representing Express Car Wash with its expansion plans throughout southern, central and western FL. The company is seeking to occupy land areas of 45,000 sq.ft. to 60,000 sq.ft. in regional and neighborhood centers. Preferred demographics include a population of 50,000 within three miles earning $60,000 as the average household income. Preferred average daily traffic counts are 40,000 vehicles. The company is also representing Discovery Clothing with their expansion plans through Miami-Dade and Broward counties in FL. The company prefers to occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in power centers. Real Property Specialists, Inc. (407-399-6748) is representing Five Guys Burgers and Fries with its expansion plans throughout South Orange, Osceola, Brevard and Volusia, FL. The company seeks to occupy spaces of 2,500 sq.ft. to 3,200 sq.ft. in freestanding locations and endcaps of power centers. Typical leases run five years with three, five-year options. The company is also representing Any Lab Test Now with its expansion plans nationwide. The company prefers to occupy spaces of 1,200 sq.ft. Preferred demographics include a population of 50,000 within two miles earning $35,000 as the average household income. The company is also representing Dr. G’s Weight Loss with its expansion plans throughout central FL. The company is seeking to occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. Typical leases run five years with two, fiveyear options. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. The average daily traffic count is 30,000 vehicles. DM
Lead Sheet Honey Farms, Inc. dba Honey Farms Dave Murdock 505 Pleasant Street Worcester, MA 01609-1821 508-753-7678, Fax 508-753-5388 Email: dmurdock@hfstores.com Web site: www.myhoneyfarms.com
Convenience The 36-unit chain operates locations throughout MA and NH. The convenience stores occupy spaces of 1,500 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of 1.5 acres is required.
Johnny Quik Food Stores, Inc. dba Johnny Quik Food Stores Ernie Beal 96 Shaw Avenue, Suite 240 Clovis, CA 93612 559-297-6830, Fax 559-297-7519
Convenience The 18-unit chain operates locations throughout CA. The convenience stores occupy spaces of 3,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout Fresno, CA during the coming 18 months. Preferred demographics include a population of 25,000 within two miles earning $50,000 as the average household income.
Petr-All Petroleum Corp. dba Express Mart Convenience Stores Robbin Bresnahan 6567 Kinne Road Dewitt, NY 13214 315-446-0125, Fax 315-446-1355 Web site: www.expressmart.com
Convenience The 60-unit chain operates locations throughout NY. The convenience stores occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought nationwide during the coming 18 months. The company is franchising.
Quick Chek Foodstores, Inc. dba Quick Chek Foodstores Jeff Albanese 3 Old Highway 28 Whitehouse Station, NJ 08889 908-534-7272, Fax 908-534-7216 Email: jalbanese@qchek.com Web site: www.quick-chek.com
Convenience The 129-unit chain operates locations throughout NJ and the Hudson Valley region in NY. The convenience stores, with gasoline facilities, occupy spaces of 4,500 sq.ft. to 7,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a daytime population of 7,500 and a residential population of 12,500. A land area of one acre is required. The company prefers to acquire sites or build to suit.
Quik Stop Markets, Inc. dba Quik Stop Markets Bill Rankin 4567 Enterprise Street Fremont, CA 94538 510-657-8500, Fax 510-657-1544 Email: bill.rankin@quikstop.com Web site: www.quikstop.com
Convenience The 106-unit chain operates locations throughout northern CA and northern NV. The convenience stores, with gasoline facilities, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Major competitors include 7-Eleven and Arco. A land area of one acre is required. The company prefers to locate at high traffic corner locations.
TOL Franchise Group dba Top of the Line Fragrances Steven Ciaverelli 515 Bath Avenue Long Branch, NJ 07740 732-229-0014 Email: info@tolfranchise.com Web site: www.tolfranchise.com
Cosmetics The 12-unit chain operates locations throughout AZ, CA, FL, MD, NC, NJ, PA, TX and VA. The stores, offering cosmetics and fragrances, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in malls, outlet and power centers. Limited growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include fashion retailers. The company is being siteselective.
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Lead Sheet Ulta, Inc. dba Ulta Rick Franz 10575 North 114th Street, Suite 103 Scottsdale, AZ 85259 480-344-7710 Email: rick.franz@ultainc.com Web site: www.ulta.com
Cosmetics The 467-unit chain operates at locations nationwide in 44 states. The stores, offering cosmetics, beauty products and fragrances, as well as an in-store salon, occupy spaces of 10,000 sq.ft. in power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a trade-area population of 150,000 earning $75,000 as the average household income.
Dollar Tree, Inc. dba Dollar Tree and Deal$ c/o Metro Commercial Real Estate Donna Drew and Michael Murray 161 Washington Street, Suite 375 Conshohocken, PA 19428 610-825-5222, Fax 610-825-5156 Email: ddrew@metrocommercial.com Web site: www.metrocommercial.com
Discount The 4,250-unit chain operates locations nationwide. The stores, offering discounted general merchandise, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in community and regional strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout central and southern NJ and Philadelphia, PA during the coming 18 months, with representation by Metro Commercial Real Estate.
Tide Dry Cleaners Jeff Reenders c/o 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
Dry Cleaning The four-unit chain operates locations throughout KS and OH. The dry cleaning facilities occupy spaces of 3,000 sq.ft. in endcaps and padsites. Plans call for eight openings throughout Orange County, CA during the coming 18 months, with representation by Strategic Retail Advisors.
Wireless Experience dba AT&T Wireless Jack Kahn c/o Jack Kahn Realty Services Corp. 33 Clinton Road West Caldwell, NJ 07006 973-808-8757, Fax 973-808-8758 Email: jkbroker@aol.com
Electronics The 45-unit chain operates locations throughout MA, NJ, PA and VA. The electronics stores, offering cellular phones and related services and accessories, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in freestanding locations, kiosks in malls and strip centers. Plans call for 15 openings throughout the existing markets during the coming 18 months, with representation by Jack Kahn Realty Services Corp. Typical leases run five years with options. A vanilla shell and specific improvements are required. Major competitors include Sprint, T-mobile and Verizon Wireless.
Best Buy Canada Ltd. dba Best Buy Canada Ltd., Future Shops and Best Buy Mobile Geoff Stollery 8800 Glenlyon Parkway Burnaby, British Columbia, Canada V5J 5K3 604-456-8264, Fax 604-412-5215 Email: gstollery@bestbuycanada.ca Web site: www.futureshop.ca
Electronics The 273-unit chain operates locations throughout Canada. The stores, offering appliances, computers, electronics, cellular phones and musical instruments, occupy spaces of 20,000 sq.ft. to 36,000 sq.ft. in freestanding locations, power centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. The company will also consider locations of 1,000 sq.ft.
CPR Mark Camara c/o APE Realty, Inc. 4491 West Whitewater Avenue Weston, FL 33332 Email: mcamara@aperealty.com Web site: www.aperealty.com
Electronics The 95-unit chain operates locations throughout AZ, CA, CO, FL, GA, HI, ID, IL, IN, MD, MO, MS, MT, NC, NY, OK, OR, SC, TX, UT, VA and WV. The stores, featuring cellular phone repair services, as well offering related products and accessories, occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in regional malls and entertainment, outlet, power, specialty, strip and value centers, as well as downtown areas. Plans call for 125 openings nationwide during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. Preferred cotenants include AT&T Mobility, Verizon Wireless, T-Mobile and Radio Shack. Preferred demographics include a population of 35,000 within three miles earning $45,000 as the average household income. The company is franchising.
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Lead Sheet Go Wireless Brian Bielatowicz c/o Lee & Associates Commercial Real Estate Services 25240 Hancock Avenue, Suite 100 Murrieta, CA 92562 951-445-4515, Fax 951-445-4555 Email: bbielatowicz@lee-associates.com Web site: www.gowireless.net
Electronics The 500-unit chain operates locations nationwide. The stores, offering cellular phones and related services and accessories, occupy spaces of 900 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Lee & Associates Commercial Real Estate Services.
Epic Theatres Tom Heer c/o Real Property Specialists, Inc. 2345 West Sand Lake Road, Suite 100 Orlando, FL 32809 407-812-8000 Ext. 118 Email: tom@realpropertyspecialists.com
Entertainment The seven-unit chain operates locations throughout FL, NC and PA. The movie theaters occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in various retail spaces. Growth opportunities are sought throughout central and northern FL during 2012, with representation by Real Property Specialists, Inc. Typical leases run 20 years with 10-year options. Preferred demographics include a population of 100,000 within 10 miles.
The Zone Entertainment dba The Zone Dale Clark c/o Nexus Realty Corp. 285 17th Street, Suite 22 West Vancouver, Canada V7V 3S6 604-922-3353, Fax 604-922-6893 Email: daleclark@nexusrealtypartners.com
Entertainment The two-unit chain operates locations throughout Canada. The facilities, featuring a bowling alley and a bar area, occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations, malls and lifestyle centers. Growth opportunities are sought throughout the western region of the U.S. during the coming 18 months, with representation by Nexus Realty Corp. Typical leases run 10 years.
Versent Corp. dba Laser Quest Randy Iaboni c/o Iaboni Real Estate, Inc. 733 7th Street West Palmetto, FL 34221 941-981-5335 Ext. 12, Fax 941-981-5334 Email: randy@iabonirealestate.com Web site: www.laserquest.com
Entertainment The 58-unit chain operates locations throughout the U.S. and in Canada. The laser tag facilities occupy spaces of 9,700 sq.ft. to 10,000 sq.ft. in freestanding locations and regional power and strip centers. Growth opportunities are sought throughout Los Angeles and the San Francisco Bay area in CA; Brandon, Clearwater, Jacksonville, Miami and Tampa, FL; Portland, OR and Seattle, WA, as well as in Markham, Oakville, Toronto and Vaughan, Ontario, Canada during the coming 18 months, with representation by Iaboni Real Estate, Inc. Typical leases run 10 years with three, five-year options. Preferred demographics include a population of 600,000 within five miles earning $50,000 as the median household income.
Edward Jones Neil Denenberg c/o Denenberg Realty Advisors 230 Commercial Street Boston, MA 02109 617-720-5656, Fax 617-720-5676 Email: neil@denenbergrealty.com Web sites: www.edwardjones.com and www.denenbergra.com
Finance The 10,000-unit chain operates locations nationwide and internationally. The investment firms occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in strip centers. Growth opportunities are sought throughout MA during the coming 18 months, with representation by Denenberg Realty Advisors.
Gold’s Gym Jeff Kalil c/o The Rotella Group 3300 North Federal Highway, Suite 200 Ft. Lauderdale, FL 33306 954-568-9015, Fax 954-568-9597 Email: jeff@rotellagroup.com Web site: www.rotellagroup.com
Fitness The 700-unit chain operates locations nationwide and internationally. The fitness centers occupy spaces of 15,000 sq.ft. in various retail spaces. Growth opportunities are sought throughout southeastern FL during the coming 18 months, with representation by The Rotella Group.
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Lead Sheet Cutting Crew and Lemon Tree Salon Gordon Heeps c/o RedMark Realty, LLC 19 Clifton Country Road Clifton Park, NY 12065 518-952-7500 Email: gheeps@redmarkrealty.com Web site: www.redmarkrealty.com
Hair Salon The company operates at locations throughout CT, NJ and Long Island and eastern NY and PA. The hair salons occupy spaces of 600 sq.ft. to 1,200 sq.ft. in grocery anchored strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by RedMark Realty, LLC. The company prefers to locate in second generation spaces.
Salon Boutique Philip Green c/o Dalstar Commercial Realty 11300 North Central Expressway, Suite 101 Dallas, TX 75243 214-368-2466, Fax 214-368-2566 Email: pgreen@dalstarrealty.com Web site: www.dalstarrealty.com
Hair The 15-unit chain operates locations throughout Phoenix, AZ and Dallas and San Antonio, TX. The hair salons occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in inline spaces of lifestyle, power and strip centers. Plans call for five openings during 2012 throughout AZ, CA, NV and TX. Typical leases run 10 years.
Regis Corp. dba Supercuts Shane Wierks c/o Jeffery Realty, Inc. 116 Route 22 North Plainfield, NJ 08876 908-668-9600, Fax 908-668-5225 Email: swierks@jefferyrealty.com Web site: www.jefferyrealty.com
Hair The 2,500-unit chain operates locations nationwide and internationally. The discount hair salons occupy spaces of 800 sq.ft. to 1,500 sq.ft. in regional outlet, power, specialty, strip and value centers. Plans call for 20 openings throughout Hunterdon, Mercer, Monmouth, Middlesex, Ocean, Somerset and Union counties in NJ during the coming 18 months, with representation by Jeffery Realty, Inc. Typical leases run five years with five-year options. Preferred cotenants include grocery stores and big box retailers. Preferred demographics include a population of 25,000 within three miles earning $75,000 as the average household income. Major competitors include Great Clips and Sports Clips.
Petco Andrew Feldman c/o KLNB Commercial Real Estate 100 West Road, Suite 505 Baltimore, MD 21204 443-632-2053 Emails: afeldman@klnb.com and rwilner@klnb.com
Pet Supplies The 1,100-unit chain operates locations nationwide. The pet supply stores occupy spaces of 12,500 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by KLNB Commercial Real Estate. Typical leases run 10 years. For more information regarding expansion throughout DE, contact Ryan Wilner.
Auto-Photo Canada, Ltd. dba Auto Photo George Grostern 5778 Royalmount Avenue Montreal, Quebec, Canada H4P 1K5 514-731-1637, Fax 514-342-0750 Web site: www.autophoto.ca
Photo The 350-unit chain operates locations throughout Canada. The photo booths prefer to occupy spaces of 15 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include restaurants. Typical leases run one to five years.
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 30
June 8, 2012
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Dealmakers
www.dealmakers.net
Real Estate Professionals Making the News Brixmor Property Group (212-869-3000) hired 11 leasing associates and promoted three others including Cheri Dolan as vice president in the southwest region based in Houston, TX; Garen White as leasing representative in the central region based in Chicago, IL; Jeffrey Lautenbach as senior leasing representative in the Midwest region based in Farmington, MI; Peter Flynn as senior leasing representative in the northeast region based in Boston, MA; Brigette Johnson and Nichole Katulich as senior leasing representatives in the south region based in Orlando, FL; Garrett LeBlanc and Phillip Magnes as leasing representatives in the southeast region based in Alpharetta, GA and Linda Berger and Tammy Hovhannesian as leasing representatives in the mid-Atlantic region based in Conshohocken, PA. The company manages a portfolio of more than 620 properties throughout 39 states. Sperry Van Ness (410-543-2440) hired Ralph Duarte to operate a satellite office located in Bethesda, MD. Prior to joining the company, Duarte served as senior vice president for CapStar Commercial Realty in Rockville, MD. The company, headquartered in Irvine, CA, specializes in advisory, brokerage, consultation and leasing services. The Broadbent Co. (317-237-2900) hired Jim Mosher as a leasing representative. He will be responsible for seven of the company’s properties throughout the Indianapolis, IN market as well as a property in Evansville, IN. The company, headquartered in Indianapolis, IN, owns and manages 3.4 million sq.ft. of retail space throughout the Midwest. Marcus & Millichap (925-953-1700) promoted Jon Hendrickson to associate director of the firm’s national retail group in Denver, CO. Prior to his promotion, Hendrickson served as senior associate at the company. The company specializes in commercial real estate investment services. Soloff Realty & Development, Inc. (610-8340400) hired David Dunkelman as part of its retail brokerage team. He will be in charge of representing national retailers along with leasing centers throughout Philadelphia, PA and central and northern, NJ. Prior to joining the company, Dunkelman served at Colliers D International as a retail broker. M
why wait for the post office?
you can read the issues online at www.dealmakers.net.
Retail Op p o r t u n i t i e s
to make your Mark in Bowie Median Household Income over $94,532 Average Household Income over $109,161 Bowie is one of the largest cities in Maryland. Bowie is also an excellent business location, easily accessed from Washington D.C., Annapolis and Baltimore. Bowie’s proximity to these major cities brings business and workforce into the area via Routes 3, 50 and 301. Bowie has more than 90 restaurants, 200 shops, and a dozen recreation opportunities. With this winning combination of location, access and amenities your business is certain to grow and succeed. For space available details call: Bowie Marketplace, Bob Schwenger, 301-657-7331
Free State Shopping Center, Rich Abruscato, 301-998-8188
Bowie Plaza, Jack deVilliers, 703-442-4315
Hilltop Plaza – Newly Renovated! Bruce Levine, 410-486-0800 x116
Bowie Town Center, Nicole Zupan, 703-415-2180
Pointer Ridge Plaza, Will Collins, 571-382-1290
Collington Plaza, Andrew Rose, 703-442-4500 x26
Shoppes at Bowie Town Center & Shoppes at Highbridge, Sean Weisbord, 410-771-1700
For more information on ALL of Bowie’s Opportunities, contact:
John Henry King, Economic Development Director, City of Bowie, Maryland 15901 Excalibur Road, Bowie, MD 20716 301.809.3042 | fax 301.809.2315 | jhking@cityofbowie.org www.dealmakers.net
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Florida
Inglewood – A shopping center, located along Centinela Avenue, has spaces from 1,263 sq.ft. to 3,944 sq.ft. available. Area retailers include Ross Dress for Less, CVS, Ralphs, Starbucks, 7-Eleven, T-Mobile, Panda Express, Jamba Juice and State Farm Insurance. Area demographics include a population of 271,466 in a three-mile radius earning $64,864 as the average household income. Studio City – A space of 910 sq.ft. is available in a Bally’s Health Club-anchored center located along Ventura Boulevard. Area retailers include Ross Dress for Less, LA Fitness and Office Depot. Area demographics include a population of 175,456 within three miles earning an average household income of $104,927. For more information, contact Todd Nathanson, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 ext. 101, Fax 818501-2202; Email: todd@illicre.com; Web site: www.illicre.com.
30,000 vehicles. Doral – Boykin Center, located at the intersection of Northwest 36th Street and 79th Avenue, has a space of 1,050 sq.ft. available. Cotenants include Hertz, El Tropico and Taco Bell. Area demographics include a population of 444,867 within five miles earning an average household income of $52,729. The daily traffic count averages 70,000 vehicles. The asking rent is $20 to $22 psf. Kendale Lakes – A 2,574 sq.ft. freestanding restaurant, located along Southwest 104th Street, is available. Area demographics include a population of 334,453 within five miles earning an average household income of $74,473. The daily traffic count averages 44,500 vehicles. Marathon – A 2,135 sq.ft. freestanding restaurant, located along Overseas Highway, is available. Area demographics include a population of 8,397 within five miles earning an average household income of $78,078. Miami - Calusa Center, located at the intersection of 112th Street and 137th Avenue, has spaces of 1,200 sq.ft and 1,741 sq.ft. available. Area demographics include a population of 362,201 within five miles earning an average household income of $75,123. The daily traffic count averages 50,000 vehicles. The asking rent is $19 psf. The Fransher Building, located along South Dixie Highway, has spaces of 410 sq.ft. and
880 sq.ft. available. Area demographics include a population of 279,207 within five miles earning an average household income of $103,609. The daily traffic count averages 80,000 vehicles. The asking rent is $30 to $35 psf. Oakland Park – A 2,569 sq.ft. freestanding restaurant, located along West Oakland Park Boulevard, is available. Area demographics include a population of 436,549 within five miles earning an average household income of $64,210. The daily traffic count averages 56,000 vehicles. Pembroke Pines - Pines Crossing, located at the intersection of Pines Boulevard and 184th Avenue, has mixed-use parcels available. Area demographics include a population of 150,293 within five miles earning an average household income of $103,749. South Miami – A strip center, located along Southwest 68th Street, has a 6,497 sq.ft. space available. Area demographics include a population of 104,447 within three miles earning an average household income of $120,458. For more information regarding the spaces in Cooper City, Kendale Lakes, Marathon, Oakland Park or South Miami, contact Andrew Pearl, Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305-661-0110, Fax 305-661-7803; Email: apearl@ima-realestate.com;
Florida Cooper City – A 3,449 sq.ft. freestanding building, located along Sheridan Street, is available. Area demographics include a population of 302,159 within five miles earning an average household income of $78,445. The daily traffic count averages
(continued on page thirty-eight)
www.envoynnn.com
On behalf of a client, Vanguard-Fine is searching for retail properties located in New England, Vermont, New York, New Jersey, Pennsylvania, and Florida.
“The developer’s go-to source for equity financing.”
Up to 100% equity financing for to-be-built or redeveloped net lease properties. A wellcapitalized company specializing in deals between $500,000 and $7 million.
Our client prefers retail properties with 2 to 5 years remaining on lease term. Grocery, Pharmacy, Auto Parts, and Banks. Please present all sites. Cash Buyer!
Single tenant net lease focus Long-term, multi-project relationships Projects located anywhere in the U.S.
Kenneth Brownell • Barry Feinman Paul Bulmer • Steven Lerner • Christopher Farrell
Rapid response and approval
NEW ADDRESS 1529 Western Avenue, Albany, New York 12203 518-862-0861 • www.vanguardfine.com page 36
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Contact: Ralph N. Cram (847) 239-7250 rcram@envoynnn.com www.dealmakers.net
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Web site: www.ima-realestate.com. For more information regarding the spaces in Doral, Calusa Center and The Fransher Building, contact Alexander Espinola; Email: aespinola@ima-realestate.com. For more information regarding the space in Pines Crossing, contact Daniel Baumgard; Email: dbaumgard@ima-realestate.com.
Illinois Lakeview – Spaces of 2,750 sq.ft. and 4,000 sq.ft., located on the corner of North Lincoln Avenue and School Street, are available. For more information, contact Scott Fithian, The Lord Companies LLC, 1033 West Van Buren, 7th Floor, Chicago, IL 60607; 773404-4314. Matteson – Matteson Center has a 25,604 sq.ft. anchor space available. Cotenants include Marshalls, Ross Dress for Less, Sports Authority, RadioShack, Sprint, Panera Bread and IHOP. For further information, contact Scott Tucker, Kimco Realty; 847-294-6419; Email:
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stucker@kimcorealty.com; Web site: www. kimcorealty.com.
Bel Air – Festival at Bel Air, located along Bel Air South Parkway, has spaces from 1,000 sq.ft. to 24,671 sq.ft. available. Cotenants include Kohl’s, Rite Aid, Marshalls, ShopRite, Five Below and Panera Bread. Area demographics include a population of 119,057 within five miles earning $88,479 as the average household income. College Park – Domain at College Park has divisible space up to 10,000 sq.ft. available at the intersection of Campus Drive and Mowatt Lane. For more information, regarding Festival at Bel Air, contact John Mitchell, JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 400, Chevy Chase, MD 20815; 301657-7336; Email: jmitchell@jbgr.com. Web site: www.jbgr.com. For more information regarding Domain at College Park, contact Bob Schwenger or Chris Wilkinson, 301657-7331/7321; Emails: bschwenger@jbgr.com and cwilkinson@jbgr.com.
Morton Grove – Lonore Plaza, located at the intersection of Harlem Avenue and Dempster Avenue, has spaces available from 850 sq.ft. to 3,497 sq.ft. Area retail includes Loehmann’s, HomeGoods, Eddie Bauer, Michaels and T.J. Maxx. Daily traffic count averages 75,000 vehicles. For more information, contact Jay Brown, Jaylon, Inc., 2530 Crawford Avenue, Suite 102, Evanston, IL 60201; 847-491-6787, Fax 847-574-8100; Email: jaylon7@gmail.com. Oak Lawn – The Shops of Oak Lawn, located along West 95th Street, has spaces of 1,979 sq.ft. and 2,284 sq.ft. available. Cotenants include Mia Francesca’s, Chipotle, Verizon Wireless and Coldwell Banker. For more information, contact Doug Renner or Steve Schwartz, Baum Realty Group, LLC, 1030 West Chicago Avenue, Chicago, IL 60642; 312-275-3137/3136; Emails: doug.renner@baumrealty.com and steve@baumrealty.com; Web site: www.baumrealty.com.
Dealmakers
www.dealmakers.net
District Heights – Penn Station, located along Silver Hill Road, has space available from 900 sq.ft. to 8,650 sq.ft. The center (continued on page forty)
Sell Your Large Retail Center to AmCap Founded in 1979, AmCap buys supermarket anchored centers nationwide. Core, Core+, and Value Add retail centers considered, including note purchases and recapitalizations.
Acquisition Criteria • Centers priced $20 million and higher • Existing supermarket anchored center with national credit tenants • High income, densely populated metropolitan neighborhoods
Acquisitions Jake Bisenius Chief Investment Officer JBisenius@AmCap.com 203-327-2001
Corporate Headquarters 1281 East Main Street Stamford, CT 06902 203-327-2001 www.AmCap.com
Regional Office / Leasing 44 Cook Street, #710 Denver, CO 80206 303-321-1500 Brokerage@AmCap.com
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is anchored by DD’s, Marshalls and Citi Trends. For more information, contact Susan McGee, Divaris Real Estate, Inc., 11820 Parklawn Drive, Suite 404, Rockville, MD 20852; 301-231-4877 ext. 28; Email: smcgee@divaris.com; Web site: www.divaris.com.
Massachusetts Andover – Andover Village Square has spaces of 1,000 sq.ft., 1,700 sq.ft. and 5,500 sq.ft. available. Area demographics include a population of 51,811 within three miles earning $107,293 as the average household income. For more information, contact Alex Berger, Parsons Commercial Group, 1881 Worcester Road, Framingham, MA 01701; 508-271-9205, Fax 508-820-2727; Email: aberger@pcg-ma.com; Web site: www.pcg-ma.com.
Missouri Hannibal – Newly-renovated Huck Finn Shopping Center has multiple spaces available. Shadow anchors are Walmart and Lowes Home Improvement, with cotenants
Missouri
Nevada
including JC Penny, Kroger, Hallmark and Sears Home Center. For more information, contact Harold Fry, Hauck Holdings, Ltd., 4334 GlendaleMilford Road, Cincinnati, OH 45242; 513733-3300 ext. 203, Fax 513-733-8621; Email: hsf@hauckco.com.
Suite I, Las Vegas, NV 89146; 702-446-8813; Email: mbauer@kimcorealty.com; Web site: www.kimcorealty.com.
Nevada Elko – Elko Junction, located along Mountain City Highway, has a 3,200 sq.ft. space available. Raley’s Supermarket anchors the center. Area retailers include JoAnn Fabrics, GNC, Famous Footwear, and Ross Dress for Less. For more information, contact Gary Pinkston or Patricia Utley, Meridian Pacific, Ltd., 415-789-5530; Emails: mpfinancial@sbcglobal.net or paufinancial@sbcglobal.net; Web site: www.meridianpacificltd.com. Las Vegas – Decatur Meadows, located at the intersection of Decatur Boulevard and Meadows Lane, has spaces from 1,575 sq.ft. to 36,800 sq.ft. available. Cotenants include Dollar Tree, Rent-A-Center, Cycle Gear and CitiBank. For more information, contact Michelle Bauer, Kimco Realty, 1919 South Jones,
Single tenant retail, office and healthcare properties nationwide.
New Jersey Gloucester County – A strip center along South Black Horse Pike/Route 322 has up to 10,000 sq.ft. of retail space available, as well as a pad site. Located near an approved Walmart development, cotenants include PNC Bank, Checkers and Rite Aid. Also, The Crossings at Monroe, located at the intersection of Route 42 and Atlantic City Expressway, has pad sites available. Fries Mill Plaza, a newly constructed center, has space available from 1,600 sq.ft. to 10,000 sq.ft. For details, contact Brian Wherty, Equity Retail Brokers, Inc., 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 484417-2222; Email: info@equityretailbrokers.com; Web site: www.equityretailbrokers.com. Green Brook – Plaza 325, a strip center located along Route 22, has a divisible 8,900 sq.ft. space available. Area demographics include a population of 198,650 within five miles earning $98,075 as the average household income. (continued on page forty-two)
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For more information, contact Anthony Paolella, Paul Anthony Agency, Inc., 130 Route 22 East, North Plainfield, NJ 07060; 908-754-1100, Fax 908-754-8849; Email: ap63@comcast.net. Paramus – A 21,425 sq.ft. freestanding building and a 57,000 sq.ft. freestanding building situated on a land area of 14 acres, are available along Route 17 South. The average daily traffic count is 125,000 vehicles. For more information, contact Jill Gordon or Ronald Fotiu, NAI James E. Hanson, 235 Moore Street, Hackensack, NJ 07601; 201488-5800; Email: jgordon@naihanson.com and rfotiu@naihanson.com; Web site: www.naihanson.com.
New York New York – Spaces of 2,000 sq.ft. and 6,000 sq.ft. are available in Soho. Area retail includes Chanel, Etro and Burberry. For details, contact David Zar, Zar Property NY, 49 West 37th Street, 10th Floor, New York, NY 10018; 212-944-7979;
New York
North Carolina
Email: david@zarpropertyny.com; Web site: www.zarpropertyny.com.
shopping center located at the intersection of U.S. Highway 64 and Hinton Oaks Boulevard, has spaces available. Kohl’s anchors the center, with cotenants including Dick’s Sporting Goods, Best Buy, PetSmart and T.J. Maxx. Area demographics include a population of 98,571 within five miles earning $62,819 as the average household income. Raleigh – Brennan Station, a 136,203 sq.ft. center located at the intersection of Creedmoor Road and Brennan Drive, has spaces available. Office Depot and O2 Fitness anchor the center, with cotenants including Ace Hardware, Dollar Tree, Weight Watchers, Pizza Hut, Jiffy Lube and Edward Jones. Area demographics include a population of 146,516 within five miles earning $96,132 as the average household income. Also, Edgewater Place, a 97,103 sq.ft. center located at the intersection of U.S. Highway 64 and Rodgers Lane, has spaces available. Food Lion, anchors the center with cotenants including Sheetz, Tuesday Morning and Dairy Queen. Area demographics include a population of 142,634 within five miles earning $57,203 as the average household income. For more information on the Cary property, contact Scott Podolsky, Kimco
New York – An 844 sq.ft. ground floor space and a 513 sq.ft. basement are available at the intersection of Greenwich Avenue and Jane Street. Area retailers include Equinox, Jessie James, Starbucks, La Belle Epoque and A Salt & Battery. For more information, contact Jason Turner, Zelnik & Company, LLC, 424 Madison Avenue, New York, NY 10017; 212-223-2200; Email: jason@zelnikco.com; Web site: www.zelnikco.com.
North Carolina Cary –Centrum @ Crossroads a 315,797 sq.ft. center located at the intersection of Walnut Street and Dillard Drive, has spaces available. BJ’s Wholesale Club and Kohl’s anchor the center, with cotenants including World Market, JoAnn Fabrics, PetSmart and Ethan Allen. Area demographics include a population of 159,756 within five miles earning $87,334 as the average household income. Knightdale – Midtown Commons, a 136,955 sq.ft.
MEHLICH a s s o c i a t e s Retail Space Available
1, 000 to 6,000+ SF
Hudson Falls New Paltz
Clinton
NY
Fishkill
MA CT Ellington
For More Information:
Rob Mehlich, Jr. 914-793-5050
Rocky Hill New Britain Stratford
www.mehlichassoc.com
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Poughkeepsie Tuckahoe Peekskill
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Realty, 6278-201 Glenwood Avenue, Raleigh, NC 27612; 919-791-3611; Email: spodolsky@kimcorealty.com; For more information, contact Kristi Buechler, Kimco Realty, 6060 Piedmont Row Drive South, Suite 200, Charlotte, NC 28287; 704-3626132; Email: kbuechler@kimcorealty.com; Web site: www.kimcorealty.com.
of 1,400 sq.ft. and 615 sq.ft. available. Also, Cira Centre, located near 30th Street Station, has 2,200 sq.ft. first floor space available. For details, contact Tim Duffy, Michael Salove Company, 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215-5682600 Ext.16; Email: tduffy@salove.com; Web site: www.salove.com.
Durham – Shoppes of Hope Valley has spaces from 1,600 sq.ft. to 6,000 sq.ft. available. Area retail includes Kroger, CVS, CATO and Family Dollar. Preferred demographics include a population of 74,611 within three miles earning 69,262 as the average household income. Gastonia – Akers Centers has spaces from 700 sq.ft. to 6,000 sq.ft. available. Area retail includes Toys “R” Us, Tuesday Morning and Hobby Lobby. Preferred demographics include a population of 54,824 within three miles earning $57,547 as the average household income. For more information, contact DLC Management Corporation, 1720 Peachtree Street, Atlanta, GA 30309; 404-817-3772; Web site: www.dlcmgmt.com.
Philadelphia – Midtown Village, located along Walnut Street, has 3,800 sq.ft. of first floor space and 4,000 sq.ft. of space on the upper floors available. Area retail includes El Vez, Barbuzzo, Lolita, Sampan, Zavino and Modern Eye. For more information, contact Paige Barrow, Fameco Real Estate, 1425 Walnut Street, Suite 200, Philadelphia, PA 19102; 215-557-0050, Fax 215-557-0053; Email: pbarrow@famecoretail.com; Web site: www.famecoretail.com.
include AAA, Chick-fil-A, Hallmark, Hair Cuttery, Starbucks and Sovereign Bank. Area demographics include a population of 27,103 within five miles earning $83,670 as the average household income. For more information, contact Jarett Parker, Kimco Realty, 410-427-4430; Email: jparker@kimcorealty.com, Web site: www.kimcorealty.com.
Huntersville – Shoppes at Birkdale Crossing, located along Sam Furr Road, has a 2,405 sq.ft. retail space, a 204 sq.ft. office space and an ATM/Kiosk pad site available. Area demographics include a population of 81,465 within five miles earning $102,820 as the average household income. Mt. Airy – Surry Plaza, located along Highway 89/ Pine Street, has outparcels from 1,094 sq.ft. to 3,038 sq.ft. available. The average daily traffic count is 21,000 vehicles. For more information regarding Shoppes at Birkdale Crossing, contact Mike Schutrum, Glenwood, 9525 Birkdale Crossing Drive, Suite 200, Huntersville, NC 28078; 704-8971411. For more information regarding Surry Plaza, contact Tim Lichtenstein, 336-4238292; Web site: www.glenwoodco.com.
Pennsylvania Philadelphia – A corner building, located on Rittenhouse Square and Locust Street, has spaces
Whitehall – A 10,000 sq.ft. strip center, located along MacArthur Road, has available space from 2,001 sq.ft. to 3,500 sq.ft. Cotenants include Metro PCS, CNA Hair Salon and Ear Care Associates. (continued on page forty-four)
wANTEd Real Estate Investments Throughout North America Net Leased Investment Properties of All Types:
Retail Office • Industrial • Commercial • Buildings 10 to 15 Year Lease Term Bob Bassel Bob Bassel Realties, Inc. info@bobbassel.com Office: (514) 871-9414 Princ ipals Fax: (514) 871-9506 Only Cell: (514) 946-9473 1312 St. Catherine St. West Suite 318 Montreal, Quebec, Canada H3G 1P6
to ly. ed ick ar u ep e q Pr os cl
Sanford – Spring Lane Galleria has spaces available from 3,000 sq.ft. to 14,000 sq.ft., as well as an outparcel of 1.8 acres. Lowes Foods anchors the center and cotenants include OfficeMax, YMCA, Dollar Tree, PetSmart and Crescent Bank. For more information, contact Kotis, PO Box 9296, Greensboro, NC 27429; 336574-2000, Fax 336-574-2001; Web site: www.kotis.org.
Shrewsbury – Shrewsbury Square, a 94,706 sq.ft. center located at the intersection of Route 851 and Mt. Airy Road, has two spaces of 3,200 sq.ft., as well as spaces of 1,980 sq.ft. and 2,400 sq.ft. available. Giant Food anchors the center and cotenants
York – Eastern Boulevard Plaza, a 60,358 sq.ft. strip center, has spaces of 2,500 sq.ft. and 12,000 sq.ft. available. Petco anchors the center and cotenants include Zips Dry Cleaners, Yorktowne Cabinets and Wine & Spirits. The average daily traffic count is 26,209 vehicles. For more information, contact Alicia Miller, ROCK Commercial Real Estate, 221 West Philadelphia Street, Suite 19, York, PA 17401; 717-854-5357, Fax 717-854-5367; Web site: www.rockrealestate.com.
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For more information, contact James Balliet, KW Commercial-The James Balliet Commercial Group, 40 South Cedar Crest Boulevard, Allentown, PA 18104; 610-435-4711, Fax 610-4352800; Email: jballiet@kw.com; Web site: www.lehighvalleycommercial.com.
South Carolina Bluffton/Hardeeville – New River Crossing, located at the intersection of SC 141 and
South Carolina
South Carolina
U.S. Highway 278, has spaces available. Walmart anchors the center and cotenants include Publix, Dollar Tree, Great Clips, Atlantic Chiropractic and China Kitchen. Area demographics include a population of 47,845 within 10 miles earning $85,430 as the average household income. The average daily traffic count is 31,100 vehicles. Greenville – The Shops at Mills Mill, located along Mills Avenue, has a space of 1,473 sq.ft. available. Cotenants include Liquid Highway, Subway, Poinsett Cleaners and J&D Photo. Area demographics include a
population of 144,997 within five miles earning $72,430 as the average household income. Greer – North Hampton Village, located along Wade Hampton Boulevard/ U.S. Highway 29, has spaces available. For more information, contact Centennial American Properties, LLC, 9535 South Main Street, Suite 201, P.O. Box 10588, Greenville, SC 29630; 864-271-3894, Fax 864-242-5498; Web site: www.capllc.com.
VILLAGE AT THE MALL | FLORENCE, KY - CINCINNATI, OH MSA $15,450,000 | 8.2% CAP | 92,764 GLA
• 100 % Leased, 98% National Tenants • $1,265,468 NOI • Adjacent To GGP Regional Mall • Double Digit Cash On Cash Returns • Located On The Prestigious Mall Road Corridor / Strong Traffic Counts • 60% Population Growth Since 2000 • Household Incomes Exceeding $72,000 • Includes Three Pads Joel M. Dumes Vice President Of Investments joel.dumes@marcusmillichap.com 513.878.7720 p 513.878.7710 f
Charles “Chi” Bulger National Retail Group charles.bulger@marcusmillichap 513.878.7725 p 513.878.7710 f
LIBERTY COMMONS | CINCINNATI, OH $9,500,000 | 8.5% CAP | 57,951 GLA
• Kroger Shadow Anchored Center • Annual Rent Bumps • 98% Leased • $805,329 NOI • Strong Traffic Counts • Approximately 1 Mile From I-75 • 31% Population Growth Since 2000 • Household Incomes Exceeding $114,917 Joel M. Dumes Vice President Of Investments 201 East 5th Street, Cincinnati, OH 45202 joel.dumes@marcusmillichap.com page 44
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Dealmakers
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Columbia – Polo Plaza, located at the intersection of Two Notch Road/U.S. Highway One, has a space of 2,800 sq.ft. available. Food Lion anchors the center and cotenants include Aaron’s, Domino’s Pizza, Time Warner, TLC Nail Spa, E.D.’s Paint and Star Music. Area retail includes Lowe’s Home Improvement, Walmart, Kohl’s, Target and Office Depot. Area demographics include a population of 95,738 within five miles earning $86,587 as the average household income. Lugoff – River Crossing, located along U.S. Highway One South, has spaces available. Anchored by Food Lion, cotenants include Allstate, Acceptance Insurance, Little Caesars, Salon Bella, Enterprise Rent-A-Car and Little China. Area retail includes Sears and Taco Bell. Area demographics include a population of 21,195 within five miles earning $60,818 as the average household income. For more information, contact Kahn Development; 803-744-0000; Email: leasing@kahndevelopment.com; Web site: www.kahndevelopment.com. Conway – Bay Village, a 167,480 sq.ft. power center, has spaces available of 15,000 sq.ft. and 34,000 sq.ft. Badcock & More Furniture and Roses Stores anchor the center. Area retail includes Walmart and Kmart. The average daily traffic count is 40,000 vehicles. For more information, contact Stuart Shamah, Bay Village Shopping Center; 843267-3955, Fax 843-448-2769. West Columbia – Woodberry Plaza, an 84,110 sq.ft. center located along Augusta Road, has multiple spaces available. Big Lots and Family Dollar anchor the center. Area retail includes Lowes’s Home Improvement, Walmart, Aldi and Applebee’s. Area demographics include a population of 93,915 within five miles earning $52,943 as the average household income. The average daily traffic count is 46,000 vehicles. For more information, contact Allison Baker, The Malon D. Mimms Company, 85-A Mill Street, Suite 100, Roswell, GA 30075; 770-518-1100 ext. 266; Email: abaker@mimms.org; Web site: www.mimms.org. DM
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ICSC New York National Conference December 3-4, 2012 New York, New York The Dealmakers will be distributed at the ICSC New York National Conference in New York, NY, delivering your advertising message to the real decision makers. Our readers respond and our advertisers get results. SET THE STAGE Book appointments in advance by placing your ad in The Dealmakers November 23rd pre-show issue, telling everyone you’re ready to make deals! MAKE A STATEMENT Your ad will be hand-delivered to every attendee’s hotel room by 6 a.m. opening day and The Dealmakers December 7th show issue gets exposure on the show floor! FOLLOW UP In addition to powerhouse companies that read The Dealmakers every week, the December 14th post-show issue is mailed to attendees — giving you added exposure!
Place your ad in the Pre-Show, Show and Post-Show issues and at no extra cost, receive: • Placement on THE DEALMAKERS “A” LIST • 55,000+ decision makers will be emailed • 500,000+ real estate pros view your ad at www.dealmakers.net • The Dealmakers “A-List” is emailed to 55,000 retail real estate decision makers, providing a synopsis of your advertising message, a thumbnail of your ad and a link to your company’s Web site.
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Most Valuable Players AEI Capital Corporation........................................................... Pg. 40
LMS Commercial Real Estate................................................... Pg. 25
AmCap Properties, Inc............................................................. Pg. 39
Marcus & Millichap................................................................. Pg. 44
AutoZone................................................................................ Pg. 12
Mattone Group, The................................................................ Pg. 17
Bob Bassel Realties, Inc........................................................... Pg. 43
McCollom Realty, Ltd.............................................................. Pg. 38
Broadwall Consulting Services................................................. Pg. 47
Mehlich Associates.................................................................. Pg. 42
Cedar Realty Trust..................................................................... Pg. 9
NAI Keystone Commercial & Industrial, LLC............................ Pg. 18
City of Bowie, Maryland.......................................................... Pg. 35
Pyramid Brokerage Company.................................................. Pg. 16
Cole Real Estate Investments...................................................... Pg. 7
RD Management LLC........................................................Pgs. 31-34
Courtelis Company.................................................................. Pg. 22
Royal Properties, Inc................................................................ Pg. 23
Cullinan Properties, Ltd................................................... Back Cover
Spandrel Group, LLC, The....................................................... Pg. 19
Dealmakers, The........................................................ Pgs. 40, 41, 45
Tenants By Mail....................................................................... Pg. 26
DJM Realty.............................................................................. Pg. 21
Urstadt Biddle Properties Inc................................................... Pg. 14
Envoy Net Lease Partners, LLC................................................. Pg. 36
Vanguard-Fine LLC.................................................................. Pg. 36
Guggenheim, Inc..................................................................... Pg. 20
Welco Realty, Inc.............................................................Pgs. 10, 11
Gumberg Asset Management Corp.......................................... Pg. 15
Westwood Financial Corp....................................................... Pg. 24
Hauck Holdings...................................................................... Pg. 37
Winick Realty Group LLC..............................................Pgs. IFC, 3, 5
Hutensky Capital Partners........................................................ Pg. 13
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June 8, 2012
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