Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXII
June 12, 2009
Apparel Chains Expand Nationwide Fallas Paredes operates 100 locations throughout AZ, CA, NM, NV and TX. The discount clothing stores occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in value centers. Growth opportunities are sought throughout Orange, Riverside and San Bernardino counties in CA during the coming 18 months, with representation by Strategic Retail Advisors. Typical leases run 30 years. A vanilla shell or specific improvements are required. Major competitors include Dee Dee’s Discount. For more information, contact Jeff Reenders, Strategic Retail Advisors, 3990 Westerly Place, Suite 230, Newport Beach, CA 92660; 949640-6678 Ext. 15, Fax 949-640-8088; Email: jeff@strategicretailadvisor.com; Web site: www.strategicretailadvisor.com. Swim N’ Sport Retail, Inc. trades as Swim N’ Sport at 39 locations throughout AZ, CO, FL, GA, LA, MD, NC, NJ, OH, SC, TN, TX and VA. The stores, offering designer women’s swimwear, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in malls and outlet, specialty and value centers. 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 upscale, high-fashion retailers. Major competitors include department stores. For more information, contact Mark Sidle, Swim ‘N Sport Retail, Inc., 2396 Northwest 96th Avenue, Miami, FL 33172; 305-593-5071, Fax 305-5932669; Web site: www.swimnsport.com.
EbLens Clothing & Footwear operates 28 locations throughout CT, MA and RI. The stores, offering brand-name urban clothing and footwear, occupy spaces of 5,500 sq.ft. to 6,500 sq.ft. in downtown areas, freestanding locations and neighborhood strip centers. Growth opportunities are sought throughout the existing markets as well as NJ and NY during the coming 18 months, with representation by New England Retail Properties, Inc. Preferred demographics include a population of 50,000 within five miles earning $40,000 as the median household income. For more information, contact Matt Halprin, New England Retail Properties, Inc., 150 Hartford Avenue, Wethersfield, CT 06109; 860-5299000; Email: halprinm@newenglandretail.com; Web site: www.newenglandretail.com. Le Roy’s Shoes and Clothing, Inc. trades as Le Roy’s Board Shops at nine locations throughout CA. The stores, offering snow and surf casual clothing, occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in urban/downtown areas, freestanding locations and strip centers. Growth opportunities are sought throughout southern CA during the coming 18 months. The company prefers to acquire sites. For more information, contact David Le Roy, Le Roy’s Shoes and Clothing, Inc., PO Box 2834, Big Bear Lake, CA 92315; 909-866-7573, Fax 909866-1084; Email: bigwavedave49@yahoo.com; Web site: www.leroysboardshops.com. (continued on page seven)
This issue contains information on:
* Retailers operating 22,800 locations with plans to open 2,192 sites * Real estate valued in excess of $16.332 million to be bought, sold & financed * Leasing activity on over 12.586 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus Buyers & Sellers Upland Real Estate Group is selling an Expert Tire site located in Neenah, WI........... Pg. 3 Illustrated Properties is looking to acquire restaurant sites in select FL markets........ Pg. 3 Openings LA Fitness expects to open a site in IN................................ Pg. 4 Safeway will open a supermarket in Lander, WY..... Pg. 8 Food Retailers Expand Cheese Steak Shop looks for sites throughout northern CA Pg. 5 In The News Renaud Consulting hires three to its leasing team.................. Pg. 6 New Construction Northeast Retail Leasing & Management is preleasing a center located in West Hartford, CT.......................... Pg. 6 Lead Sheet Kenneth Cole looks to expand nationwide............................ Pg. 9 Planet Beauty seeks sites throughout CA....................... Pg. 10 Coach House Gifts and Generation Gifts look for sites nationwide............................ Pg. 12 Space Place........................... Pg. 13 Lease Signings Crosland negotiated leases at Richmond Centre in Richmond, KY....................... Pg. 13 Exclusives JBG Rosenfeld Retail represents Crème de la Crème with its expansion throughout select markets of MD and VA Pg. 14
For more news go to: www.dealmakers.net
Looking for Acquisitions • Leasing Great Sites
LEASING
Rivercrest Realty has space available in anchored shopping centers along the East Coast. For leasing, contact: Vijay K. Shah (NC, TN, VA, WV, MD, DE) (919) 518-2000 vshah@rivercrestrealty.com Debbie Lewis (SC, GA, FL) (919) 518-2000 dlewis@rivercrestrealty.com Helen Vitaliano (New York Locations) (718) 980-7684 helenvitaliano@si.rr.com
ACQUISITIONS
Rivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi. Acquisition Requirements: • Grocery / Shadow-Anchored • $5 Million Minimum Deal • 30,000+ SF Shop Space Forward proposals to: Stan Werb (919) 846-4046 swerb@rivercrestrealty.com
www.rivercrestrealty.com 8816 Six Forks Road, Suite 201 Raleigh, NC 27615 Phone: (919) 518-2000 Fax: (919) 424-0001
STATE
CENTEr
AvAILAbLE SF
NEw yOrk Staten Island Staten Island
Coral Island Shopping Center Tottenville Square
DELAwArE Seaford
Sussex Plaza
FLOrIDA Wilton Manors
Shoppes of Wilton Manors
GEOrGIA Atlanta Augusta Macon
Lenox Village Southpointe Plaza Walnut Creek Plaza
MAryLAND Landover Pocomoke City Fruitland
Landover Crossing East Town Plaza Southtowne Commons
2,000 – 119,244 SF 3,000 SF Fully Leased
NOrTH CArOLINA Advance Chapel Hill Charlotte Charlotte Durham Durham Forest City Hendersonville Raleigh Shelby Smithfield Southport Taylorsville Winston-Salem
Kinderton Place Timberlyne Archdale Marketplace Royal Plaza Parkway Plaza The Village Hillside Plaza Highlands Square Millbrook Collection Creekside Plaza Smithfield Plaza Tidewater Plaza Taylorsville Hanes Commons
1,309 & 1,787 SF 500 – 2,400 SF 2,400 - 4,031 SF 1,300 – 6,676 SF 3,200 SF 11,700 SF 1,500 – 24,962 SF 2,500 & 4,000 SF 1,225 – 2,150 SF 3,120 SF 1,500 & 3,000 SF 3,000 SF 1,200 – 8,363 SF 1,400 & 3,300 SF
SOUTH CArOLINA Boiling Springs Columbia Florence Gaffney Georgetown Greenville Greenville Greenville Greenwood Greer Lexington Lexington Myrtle Beach Myrtle Beach Surfside Beach
Boiling Springs Center Northpointe Commons Southside Commons Piedmont Plaza Plantation Plaza Haywood Plaza Shoppes at Woodruff White Horse Commons Westwood Plaza Hillview Plaza East Towne Centre Village Square Northwood Plaza Plantation Point Surfside Commons
1,600 – 3,000 SF 2,000 – 35,000 SF 3,200 SF 2,000 & 3,200 SF 2,000 & 3,000 SF 998 – 5,400 SF 1,500 – 4,000 SF 4,000 SF 4,500 – 27,436 SF 2,000 SF Fully Leased 800 & 1,493 SF 1,103 – 6,400 SF 2,458 – 4,122 SF 3,000 & 4,000 SF
TENNESSEE Cookeville
Cumberland Station
vIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston
Ridgeview Plaza Riverbend Garbers Crossing Mountainview Plaza Peppers Ferry Centre South Boston
wEST vIrGINIA Princeton
East River Plaza
840 – 2,980 SF 1,200 – 7,915 SF 3,000 SF 15,423 SF 1,000 – 3,517 SF Fully Leased 2,000 & 6,000 SF
900 & 3,000 SF 2,000 & 30,012 SF 2,800 SF Fully Leased 3,000 – 9,000 SF 1,600 SF 1,200 SF 30,363 SF
Buyers and Sellers Goldschmidt & Associates negotiated the sale of a mixed-use building located along East Main Street in Mt. Kisco, NY. A private buyer acquired the site for $3.2 million. The company also negotiated the sale of a 3,000 sq.ft. freestanding building located along Smith Avenue in Mt. Kisco, NY. A private buyer acquired the property for $500,000. For more information, contact Eric S. Goldschmidt, Goldschmidt & Associates, One Chase Road, Scarsdale, NY 10583; 914-723-1616, Fax 914-723-7720; Email: eric@goldschmidtandassociates.com; Web site: www.goldschmidtandassociates.com.
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............................................ Nicholas Hamner nicks@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder................................................... Ted Kraus 1979–2007
The Dealmakers TM (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 Dealmakers TM 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 086900630 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2009 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
Upland Real Estate Group, Inc. is selling a Perkins site located on North Highway 51 in Millington, TN. The tenant is bound to a NNN lease. The NOI is $127,017. The asking price is $1.412 million with a Cap rate of 9%. The company is also selling a Tuffy Auto Service Center located on Evans Street in Omaha, NE. Area retail includes SuperTarget, Wal*Mart Supercenter and The Shoppes at Elk Creek. Area demographics include a population within five miles earning $105,887 as the average household income. The NOI is $111,600. The asking price is $1.594 million with a Cap rate of 7%. The company is also selling a three-tenant mixed-use building located on Grand Avenue in St. Paul, MN. Area retail includes D’Amico & Sons, J. Crew, Pottery Barn, Salut, Red Balloon, Pizza Hut, Jimmy John’s, Super America, Chipotle, Caribou Coffee, Café Latte, Bonfire, Juut Salon & Spa, Starbucks, Billy’s on Grand, Coldwell Banker, U.S. Bank, Restoration Hardware, Papa John’s, Punch, Wild Onion, Golden Fig, Sarrayah, Lillian’s and Domino’s Pizza. Area demographics include a population of 354,368 within five miles earning $74,475 as the average household income. The NOI is $93,648. The asking price is $1.248 million with a Cap rate of 7.5%. The company is also selling a freestanding building located in Marshall, MN. Tenants include Anytime Fitness and Movie Gallery. The site is 100% leased. Area draws include Southwest State University. The NOI is $95,790. The asking price is $870,818 with a Cap rate of 11%. The company is also selling a Valvoline Instant Oil Change site located on Factory Outlet Boulevard in Niagara Falls, NY. The tenant is bound to a 15-year NNN lease featuring annual rent increases of 1.5%. Area retail includes Factory Outlet Mall, featuring Coach, Saks 5th Avenue Off Fifth, Burberry and Polo Ralph Lauren. The NOI is $102,149. The asking price is $1.135 million with a Cap rate of 9%. The company is also selling an Expert Tire site located at the intersection of Green Bay Road and Winneconne Avenue in Neenah, WI. The average daily traffic count is 26,500 vehicles. The NOI is $36,000. The asking price is $450,000 with a Cap rate of 8%. For more information regarding the Millington, St. Paul and Marshall properties, contact Deborah Vannelli, Upland Real Estate Group, Inc., 90 South 7th Street, Suite 3800, Minneapolis, MN 55402; 612-332-6600, Fax 612-376-4489; Email: deb@upland.com; Web site: www.nnnsales.com. For more information regarding the Omaha, Niagara Falls and Neenah properties, contact Amanda Leathers; 612-436-0045; Email: amanda@upland.com. www.dealmakers.net
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Investment Management Associates, Inc. is selling a 14,250 sq.ft. parcel located on Southwest 8th Street in Miami, FL. The asking price is $850,000. The company is also selling a 40,800 sq.ft. parcel located at the intersection of Northwest 119th Street and 88th Avenue in Hialeah Gardens, FL. The asking price is $950,000. The company is also selling two, one-acre parcels located at the intersection of Miramar Parkway and Red Road in Miramar, FL. The asking price is $1.2 million. The company is also selling a 3.4-acre parcel located at the intersection of Miramar Parkway and Red Road in Miramar, FL. The asking price is $2.3 million. The company is also selling a 6.257-acre parcel located at the intersection of 68th Avenue and West Oakland Park Boulevard in Sunrise, FL. For more information, contact Andrew Pearl, Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305661-0110, Fax 305-661-7803; Email: apearl@ima-realestate.com; Web site: www.ima-realestate.com. Illustrated Properties, on behalf of a client, is looking to acquire drive-thru restaurant properties located throughout Broward and Palm Beach counties, FL. For more information, contact Peter Kernan, Illustrated Properties, 2725 PGA Boulevard, Palm Beach Gardens, FL 33410; 561-626-7000, Fax 561-626-5572; Email: petekernan@earthlink.net; Web site: www.ipre.com. Stefano Pascucci, on behalf of a client, is looking to acquire strip centers located throughout Nassau and Suffolk counties, NY. Suitable properties feature GLAs above 7,500 sq.ft. For more information, contact Stefano Pascucci, 444 Route 111, Suite 1, Smithtown, NY 11787; 631-982-2100; Email: Stefano@islandassociates.com. The PM Co. is selling a 68-acre parcel located along Matheny Drive in Mineral Wells, WV. The site is currently occupied by West Virginia Motor Speedway. For more information, contact Pat Minnite, Jr., The PM Co., 1000 Grand Central Mall, Vienna, WV 26105; 304-485-8000, Fax 304422-8135; Email: pmc@thepmcompany.com; Web site: www.thepmcompany.com. DM In the May 8, 2009 issue of The Dealmakers magazine, Schuckman Realty, Inc. was incorrectly listed as the exclusive representation for a number of retailers throughout NJ and NY. The Dealmakers editorial staff regrets this error.
Dealmakers
June 12, 2009
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Who’s Opening and Where Bed Bath & Beyond, Inc. (516-507-3410) is slated to open between 50 and 54 locations this year, including as many as 35 Bed Bath & Beyond stores nationwide and throughout Canada, between six and eight Christmas Tree Shops and eight to 10 buybuy Baby stores nationwide and one Harmon store. During 2008, the company opened 67 stores, including 49 Bed Bath & Beyond stores, 11 Christmas Tree Shops stores, one Harmon store and six buybuy Baby stores while closing one Harmon store. The company currently operates 1,037 stores, selling domestics and home furnishings along with food, giftware, health, beauty care and infant and toddler merchandise, throughout North America, including four locations in Canada and two stores in Mexico operating under a joint venture and trading as Home & More. Barney’s New York (888-222-7639) is slated to open an 80,000 sq.ft. department store at Scottsdale Fashion Square, located in Scottsdale, AZ, during the fall. The company currently operates nine of the stores nationwide, selling men’s and women’s apparel along with cosmetics, housewares and jewelry, in addition to 19 Barneys CoOp stores and 13 outlet stores.
Chattanooga Bakery, Inc. (432-267-3351) is slated to open a temporary Moon Pie General Store in Mobile, AL for six months beginning this November, with the possibility of opening a permanent location in the city during the fall of 2010. The store will sell Moon Pies and Moon Pie-themed shirts, hats, toys and gifts. Recreational Equipment, Inc. (253-3953780) is planning to open a two-level, 27,000 sq.ft. REI store at Canyon View Marketplace, a 75,000 sq.ft. development situated on nine acres along Market Street in Grand Junction, CO. The store will offer apparel and accessories for adventure sports and will replace an existing smaller store located along North Avenue in the city. Aldi, Inc. (630-879-8100) will open an Aldi supermarket at the intersection of Wickham Road and Eau Gallie Boulevard in Melbourne, FL during October. The privatelabel supermarkets occupy spaces of 17,000 sq.ft. The opening will be the company’s sixth in Brevard County, FL and is one of 12 stores the company plans to open in FL this year. The company opened 24 stores throughout central FL during 2008.
Travinia Italian Kitchen (864-458-8188) plans to open a 6,423 sq.ft. restaurant at Biltmore Park Town Square, located in Asheville, NC. The Italian casual dining restaurants feature a menu of pasta, steak and seafood along with specialty martinis and wines for dinner, with additional sandwiches and wraps during lunch. The company currently operates four locations throughout Columbia, Greenville, Lexington and Myrtle Beach, SC. Panera Bread Co. (314-633-7100) will open a 3,500 sq.ft. Panera Bread bakery and café at Richmond Centre, located along Interstate 75 in Richmond, KY, during September. The tenant joins Ann’s Hallmark, Koto Japanese Bistro, Chick-fil-A and Olive Garden. LA Fitness International, LLC (949-255-7200) will open a 45,000 sq.ft. LA Fitness health club at Lawrence Commons, an 85,000 sq.ft. project situated on 10 acres at the intersection of Pendleton Pike and East 56th Street in Lawrence, IN. The location will feature a swimming pool and will be the company’s eighth in the greater Indianapolis, IN area. The fitness center is slated to open by the end of this year. The tenant joins Firestone. (continued on page eight)
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June 12, 2009
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Food Retailers Expand Nationwide Golden Krust Carribean Bakery, Inc. trades as Golden Krust Caribbean Bakery and Grill at 120 locations throughout CT, FL, GA, MA, MD, NC, NJ, NY and PA. The restaurants occupy spaces of 1,000 sq.ft. to 2,200 sq.ft. in mixed-use and value centers and urban/ downtown areas. Growth opportunities are sought throughout Chicago, IL and TX during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. The company is franchising. For more information, contact Leroy Hawthorne, Golden Krust Carribean Bakery, Inc., 3958 Park Avenue, Bronx, NY 104577306; 718-583-0360, Fax 718-583-1883; Email: leroy@goldenkrustbakery.com; Web site: www.goldenkrustbakery.com. Cheese Steak Shop operates at 24 locations throughout CA. The sandwich shops occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout northern CA during the coming 18 months. Typical leases run 10 years with a five-year option. The company is franchising. For more information, contact Keith Layton, Cheese Steak Shop, 734 Alfred Nobel Drive, Hercules, CA 94547; 510-724-7100, Fax 510-724-7103. Louis Pappas Market Café operates six locations throughout central and western FL. The fast-casual Mediterranean cafes occupy spaces of 1,600 sq.ft. to 2,300 sq.ft. in endcaps, outparcels and strip centers. Plans call for four openings throughout FL during the coming 18 months. For more information, contact Louis Pappas, Louis Pappas Market Café, 731 Wesley Avenue, Tarpon Springs, FL 34689; 727-937-1770, Fax 727-937-1788; Email: lpappas@louispappas.com; Web site: www.louispappas.com. Gosh Enterprises, Inc. trades as Charley’s Grilled Subs at 385 locations nationwide and internationally. The restaurants, offering grilled steak, chicken and turkey sandwiches, salads and gourmet fries, occupy spaces of 600 sq.ft. to 2,000 sq.ft. in freestanding locations, regional enclosed malls and entertainment, lifestyle, power, specialty and strip centers, in addition to urban/downtown areas. Plans call for 60 openings nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. The company is franchising. For more information, contact Larry Payne, Gosh Enterprises, Inc., 2500 Farmers Drive, Suite 140, Columbus, OH 43235; 614923-4700, Fax 614-923-4701; Web site: www.charleys.com.
Dippin’ Dots Franchising, Inc. trades as Dippin’ Dots at 300 locations nationwide. The ice cream shops occupy spaces of 100 sq.ft. to 1,500 sq.ft. in freestanding locations, malls and lifestyle, outlet, specialty, strip and tourist centers. Plans call for 50 openings throughout the existing market during the coming 18 months. Preferred cotenants include Old Navy, The Limited, Gap and Abercrombie & Fitch. For more information, contact Jamie Ehling, Dippin’ Dots Franchising, Inc., 1640 McCracken Boulevard, Suite 100, Paducah, KY 42001; 270-575-6992, Fax 270-5756997; Web site: www.dippindots.com. Corner Bakery Café operates 100 locations throughout AZ, CA, CO, GA, IL, MD, MS, PA, TX, VA and Washington, DC. The cafes, offering breakfast items, salads, sandwiches, paninis, pastas, soups and dessert items, occupy spaces of 3,300 sq.ft. to 4,400 sq.ft. in endcaps and entertainment, power, specialty and strip centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Bob Hartmann, Corner Bakery Café, 12700 Park Central Drive, Suite 1300, Dallas, TX 75251; 972-619-4100; Web site: www.cornerbakery.com. Golden Corral Corp. trades as Golden Corral at 475 locations nationwide throughout 41 states. The family-style buffet restaurants, offering pasta, pizza, fresh vegetables, a salad bar and carved meats, occupy freestanding locations situated on a land area of two to three acres. Growth opportunities are sought nationwide during the coming 18 months. Preferred cotenants include big box retailers. The company is franchising. For more information, contact Gordon Poulsen, Golden Corral Corp., 5151 Glenwood Avenue, Raleigh, NC 27612; 919-781-9310, Fax 919-881-4564; Email: gpoulsen@goldencorral.net; Web site: www.goldencorral.net. CEC Entertainment, Inc. trades as Chuck E. Cheese’s at 500 locations nationwide. The pizzerias and entertainment centers occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Les Lehner, CEC Entertainment, Inc., PO Box 152077, Irving, TX 75015; 972258-8507, Fax 972-258-5534; Web site: www.chuckecheese.com. www.dealmakers.net
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Quiznos operates 5,000 locations nationwide and internationally. The sandwich shops occupy spaces of 1,100 sq.ft. to 1,700 sq.ft. in malls, lifestyle and strip centers and urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 to 15 years. A vanilla shell is required. Major competitors include Subway. The company prefers to locate in areas with a daytime population of 5,000 within one mile. The company is franchising. For more information, contact Director of Real Estate, Quiznos, 1001 17th Street, Suite 200, Denver, CO 80202; 720359-3300, Fax 866-365-1186; Web site: www.quiznos.com. Captain Tony’s Pizza, Inc. trades as Captain Tony’s Pizza at 10 locations throughout AZ, CA, KS, NY and OH, as well as internationally. The pizzerias occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in malls and power and strip centers. Growth opportunities are sought nationwide and internationally during the coming 18 months. Preferred demographics include a population of 20,000 within one mile earning $40,000 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. OSF International, Inc. trades as Old Spaghetti Factory at 37 locations throughout AZ, CA, CO, GA, HI, ID, IN, KY, MN, MO, OH, OR, TN, UT and WA. The restaurants occupy spaces of 9,800 sq.ft. in freestanding locations, mixed-use and power centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years with three, five-year options. Preferred demographics include a population of 200,000 within five miles earning $50,000 as the average household income. The company prefers to acquire sites and will consider existing spaces. For more information, contact Ric Holderbaum, OSF International, Inc., 0715 Southwest Bancroft Street, Portland, OR 97239; 503-225-0433 Ext. 327, Fax 503226-6214; Email: ric@osf.com; Web site: www.osf.com. DM
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Real Estate Professionals Making the News Grubb & Ellis (714-975-2230) hired Andrew Harper as vice president, institutional capital markets group. Prior to joining the company, Harper served at Cushman & Wakefield of CA, Inc. as director of its capital markets group. The company offers transaction, management, consulting and investment advisory services to property owners, corporate occupants and investors. McKinley (734-769-8520) promoted Thomas Gritter to assistant vice president, commercial client services. Gritter will lead a group of commercial portfolio managers as well as oversee third-party client service operations, and his responsibilities will include asset management, financial analysis and client relations. The company is a national real estate investment firm with 139 properties in 15 states. NAI San Diego (619-497-2255) hired Michael Glickstein as vice president. He will specialize in the acquisition, disposition and leasing of commercial investment properties throughout San Diego, CA. Prior to joining the company, Glickstein served as a salesperson at GVA IPC. The company is a full-service commercial real estate brokerage and property management firm. Emory Hill Real Estate Commercial Brokerage, LLC (302-322-9500) named Paul G. Bryant, Tia L. Clifton, Chris D. Galligan, Clayton Hill, M. Neil Kilian and Tripp Way as principals. The company offers commercial, industrial and residential real estate services including brokerage, construction, development, property management and maintenance. Cohen Commercial Properties, LLC (212679-1222) named Robert Friedman as chief executive officer. Prior to joining the company, Friedman served as a partner at Lazard Freres & Co. The company also hired Jonathan Lehr and Ezra Serrur as analysts in the investment division. The company is an owner and operator of retail shopping centers and office buildings nationwide, with an emphasis on the Southeast. Paramount Partners, LLC (781-848-1550) formed a full-service property management and building construction division, headed by Daniel Dennehy and Douglas DiBona. The new division will handle the management of retail, office and industrial properties throughout New England, as well as provide construction management services. Renaud Consulting (703-404-2346) hired Susan Freeman McGee, Joseph T. Flood and Brita McGee as members of the company’s leasing team. Prior to joining the company, they served D M at Divaris Real Estate. page 6
June 12, 2009
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New Construction Lee & Associates – Temecula Valley is preleasing Florida Promenade, located at the intersection of Florida Avenue and Myers Street in Hemet, CA. Winco Foods anchors the center. Spaces of 1,000 sq.ft. and up are available. Area retail includes Garrett Ranch. For more information, contact Brian Bielatowicz, Ted Rivenbark or Jake Irion, Lee & Associates – Temecula Valley, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-445-4515/4512/4519; Emails: bbielatowicz@lee-associates.com, trivenbark@lee-associates.com and jirion@lee-associates.com; Web site: www.lee-associates.com. S. J. Collins Enterprises is developing a mixed-use center situated on 43.5 acres at the intersection of Jefferson Avenue and Oyster Point Road in Newport News, VA. The project will include a 260,000 sq.ft. retail component, a 325-unit multifamily component, a 150-unit hospitality component and a 50,000 sq.ft. office component. Groundbreaking is slated to begin during the first quarter of 2010. For more information, contact S.J. Collins Enterprises, 600 Bohannon Road, PO Box 214, Fairburn, GA 30213; 770692-8300, Fax 770-692-8302; Web site: www.sjcollinsent.com. Kite Realty Group is preleasing Broadstone Station, a 345,000 sq.ft. mixed-use power center located at the intersection of NC 55 and U.S. Route 1 in Apex, NC. Shop spaces of 600 sq.ft. to 3,000 sq.ft. are available along with junior anchor spaces of 10,000 sq.ft. to 50,000 sq.ft. and pad sites ranging from one acre to 5.5 acres. Wal*Mart Supercenter anchors the center. Area demographics include a population of 276,005 within a 10-mile radius earning an average household income of $92,049. The center is slated to open during 2011. The company is also preleasing Parkside Town Commons, a 1.5 million sq.ft. mixed-use power center located at the intersection of NC 55 and Interstate 540 in Raleigh, NC. Shop spaces of 600 sq.ft. to 9,500 sq.ft. are available along with junior anchor spaces of 10,000 sq.ft. to 50,000 sq.ft. and 12 0.3-acre pad sites. Area demographics include a population of 333,062 within a 10-mile radius earning an average household income of $85,249. The center is slated to open during 2011. For more information, contact Lori Wick, Kite Realty Group, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-577-5600, Fax 317-577-5605; Email: lwick@kiterealty.com; Web site: www.kiterealty.com.
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Northeast Retail Leasing & Management Co., LLC is redeveloping Broad Street Plaza, a 200,000 sq.ft. strip center situated on 20 acres at the intersection of Broad Street and West Middle Turnpike in Manchester, CT. Spaces of 2,000 sq.ft. to 40,000 sq.ft. are available along with a 6,000 sq.ft. outlot. Save-A-Lot anchors the center. Area retail includes Manchester Parkade and Shaw’s Plaza. Area demographics include a population of 432,366 within a 10-mile radius earning an average household income of $72,939. The average daily traffic count is 35,000 vehicles. The asking rent is $12 psf with CAM of $2.10 psf and taxes of $1.50 psf. The project is slated for completion during January 2010. The company is also preleasing a freestanding building situated on a one-acre pad site at the intersection of South Main Street and New Britain Avenue in West Hartford, CT. Spaces of 3,000 sq.ft. to 5,000 sq.ft. are available. Area retail includes West Farms Mall and Bishops Corner Shopping Center. Area demographics include a population of 592,104 within a 10mile radius earning an average household income of $77,753. The average daily traffic count is 30,000 vehicles. The asking annual rent is $125,000. Groundbreaking is scheduled for January 2010 with opening slated for June 2010. For more information, contact George Lee, Northeast Retail Leasing & Management Co., LLC, 360 Bloomfield Avenue, Suite 303, Windsor, CT 06095; 860-683-9000, Fax 860683-1600; Email: glee@northeastretail.com; Web site: www.northeastretail.com. Paster Enterprises, LLC is redeveloping Mendota Plaza, a 48,000 sq.ft. center located in Mendota Heights, MN. The project includes the addition of a 14,820 sq.ft. Walgreens, a 12,000 sq.ft. retail building and a 7,600 sq.ft. freestanding restaurant. Additional phases will include senior housing, office and child care components. Groundbreaking is scheduled for the fall and the retail components are slated for completion during the fall of 2010. For more information, contact Paster Enterprises, LLC, 2227 University Avenue, St. Paul, MN 55114-1677; 651-6467901, Fax 651-646-1389; Web site: D www.pasterenterprises.com. M
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Apparel Chains Expand Nationwide (continued from page one)
Suzy Shier operates 190 locations throughout Canada. The stores, offering apparel, accessories, belts, scarves, jewelry and footwear for young women, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Oberfeld Snowcap, Inc. Stitches operates 145 locations throughout Canada. The stores, offering men’s and women’s apparel, accessories, lingerie, jewelry and shoes along with teen giftware, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Oberfeld Snowcap, Inc. Bluenotes operates 129 locations throughout Canada. The stores, offering men’s and women’s apparel, accessories, lingerie, leather goods, outerwear, footwear, handbags, scarves, jewelry and cosmetics, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Oberfeld Snowcap, Inc. Sirens operates 87 locations throughout CA, FL and GA, as well as Canada and Puerto Rico. The stores, offering women’s casual wear and accessories as well as lingerie, footwear, housewares and gifts, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in malls. Growth opportunities are sought throughout Canada during the coming 18 months, with representation by Oberfeld Snowcap, Inc. Urban Planet operates 90 locations throughout Canada. The stores, offering men’s and women’s trendy apparel, accessories, jewelry and shoes, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Oberfeld Snowcap, Inc. For more information, contact Andrew Laudenbach, Oberfeld Snowcap, Inc., 10 King Street East, Suite 1500, Toronto, Ontario, Canada M5C 1C3; 416-849-9406, Fax 416-593-9799; Email: andrew@oberfeldsnowcap.com; Web site: www.oberfeldsnowcap.com. Carter’s Retail, Inc. trades as Carter’s Childrenswear at 261 locations and as Oshkosh B’Gosh at 165 locations nationwide. The stores, offering apparel for infants and young children, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in lifestyle, outlet, power and tourist centers. Growth opportunities are sought throughout the existing market during
the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell is required. Preferred cotenants include DSW, Marshalls, Bed Bath & Beyond, Justice, Famous Footwear, Kohl’s, Old Navy, Target and T.J. Maxx. Major competitors include The Children’s Place, Gap Kids/Baby Gap and Gymboree. Preferred demographics include a population of 150,000 within five miles earning $75,000 as the average household income. For more information, contact John Clevinger, Carter’s Retail, Inc., 1170 Peachtree Street Northeast, Suite 900, Atlanta, GA 30309; 404-745-2700, Fax 404407-3191; Web site: www.carters.com. Eileen Fisher, Inc. trades as Eileen Fisher at 38 locations and as Eileen Fisher Outlets at six locations throughout AZ, CA, CT, FL, IL, MA, MI, NJ, NY, OR, WA and Washington, D.C. The women’s apparel stores occupy spaces of 1,000 sq.ft. to 2,500 sq.ft. in downtown locations, upscale malls and lifestyle centers. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Karen Gray, Eileen Fisher, Inc., Two Bridge Street, Irvington, NY 10533; 914-5915700, Fax 914-591-8900; Web site: www.eileenfisher.com. Daffy’s, Inc. trades as Daffy’s New York at 19 locations throughout NJ, NY and PA. The stores, offering better and designer apparel at off-price points, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in urban/ downtown areas. Growth opportunities are sought throughout the New York, NY metropolitan area during the coming 18 months. Preferred cotenants include Target. For more information, contact Richard Kramer, Daffy’s, Inc., Daffy’s Way, Secaucus, NJ 07094; 201-902-0800, Fax 201-9029016; Email: rfk@daffys.com; Web site: www.daffys.com. T & E Stores, Inc. trades as Telco Stores at eight locations throughout NY. The stores, offering discounted apparel and home décor items, occupy spaces of 7,000 sq.ft. to 15,000 sq.ft. in strip and value centers and urban/downtown areas. Plans call for two openings throughout NJ and NY during the coming 18 months. Typical leases run 15 years. Major competitors include Conway and Shoppers World. For more information, contact Ted Serure, T & E Stores, Inc., 6014 11th Avenue, Brooklyn, NY 11219; 718-853-5050, Fax 718-8534019; Email: teddy@telcostores.com. DM www.dealmakers.net
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Who’s Opening and Where (continued from page four)
The Kroger Co. (513-762-4000) is slated to open a Kroger supermarket at Westerville Plaza, a center currently under redevelopment located at the intersection of Schrock Road and State Route 3/State Street in Columbus, OH, before the end of this year. The company currently operates 2,481 supermarkets and multi-department stores, trading as Kroger, Ralphs, Fred Meyer, Food 4 Less, Fry’s, King Soopers, Smith’s, Dillons, QFC and City Market nationwide throughout 31 states. The company also operates 771 convenience stores, 385 fine jewelry stores and 781 supermarket fuel stations. Safeway, Inc. (925-467-3000) will open a 45,000 sq.ft. Safeway in Lander, WY. The supermarket will be constructed in the company’s “Lifestyle” concept and will feature soft lighting and warm décor elements along with floral, organic, produce, meat, seafood, sushi, bakery, deli and food service departments, in addition to a pharmacy, a wine and spirits shop and a Seattle’s Best Coffee shop. The store will replace an existing location within the city and will open before the end of the year.
Hungry Howie’s Pizza & Subs, Inc. (248-4143300) through a franchisee, expects to open between 12 and 15 Hungry Howie’s Pizza & Subs locations during the next five years throughout the Atlanta, GA metropolitan area as part of the company’s plan to open between 30 and 40 stores this year and 100 next year. The company currently operates 575 locations nationwide throughout 23 states, and the pizzerias feature pizzas prepared with original, buttered-cheese, garlic herb, ranch, Cajun, butter, onion and sesame crusts. The Krystal Co. (423-757-1562) will open a Krystal location along Hutchison Boulevard in Panama City Beach, FL this year, as part of a plan to open 20 company-owned restaurants throughout 11 states this year. The restaurants offer slider-style hamburgers, cheeseburgers and other traditional American fare, and the location will feature digital menu boards and free WiFi Internet service. The company previously operated two restaurants in the city through franchisees, but closed them during September 2003. Cold Stone Creamery, Inc. (480-362-4800), through a franchisee, will open a Cold Stone Creamery-Rocky Mountain Chocolate Factory at Biltmore Park Town Square, located in
CE A P S W NO BLE ILA A V A
Pizza Patron, Inc. (214-217-2400), through a franchisee, will open 10 Pizza Patrón locations throughout FL between Miami and Fort Lauderdale, as part of a plan to open 40 locations. The pizzerias, located in Latino neighborhoods, feature bilingual employees and accept Mexican pesos in addition to dollars. The company currently operates 90 stores throughout AZ, CA, CO, FL, NV and TX and plans to operate 750 in ten years’ time. Ulta Salon, Cosmetics & Fragrance, Inc. (630-4104800) will open a 10,744 sq.ft. Ulta store at Short Pump Station, located along West Broad Street in the West End area of Richmond, VA. The stores offer 21,000 beauty supply products and feature a full-service salon, and the company currently operates 283 locations nationwide. The tenant joins Trader Joe’s, PetCo, Longhorn Steakhouse, Five Below and The Vitamin Shoppe. DM
Waukegan, Illinois (located north of Chicago)
Douglas Centre
BROK ERS! FuLL COMM iSiON
2,652 s.f. AVAILABLE (will divide to 1,326 s.f. each) 3,211 s.f. AVAILABLE (will divide to 1,482 s.f. or 1,729 s.f.) | 3,920 s.f. AVAILABLE 28,153 s.f. AVAILABLE (will divide from 6,000 s.f. and up)
2603 - 2709 Grand Avenue
Average Family Income: 1 mile radius: $60,742 3 mile radius: $63,923
McArec Road
65,000 cars per day Ample parking L SiGN Population: DiGiTA ANT 1 mile radius: 22,035 FOR TEN G 2 mile radius: 73,389 ADVERTiSiN 3 mile radius: 116,553
lewis food market* 82,000 s.f.
Can be one unit
*
* not owned by douglas Centre
Arlene Wasserman Leasing Agent Call: 1-800-466-1460
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Asheville, NC, during the summer. The 1,240 sq.ft. snack shop offers Cold Stone’s handcrafted ice cream with mixed-in ingredients along with Rocky Mountain Chocolate Factory’s premium chocolates and confectionary products. The opening will be the first Cold Stone Creamery-Rocky Mountain Chocolate Factory combination location on the East Coast.
TENANTS • Dr. Parreno Clinic
• Star Nails
• VPAS Dental
• Quick Cash
Contact Arlene for more information
• Best Com
• Accelerated Health Systems
Office Email: dcdri@sbcglobal.net
• King’s Buffet
• Rent-A-Center
My cell phone # is Arlene (414) 305-6580
• Taco El Norte
• J-Mart Beauty Supply
June 12, 2009
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• H&R Block www.dealmakers.net
Lead Sheet Kenneth Cole Productions, Inc. dba Kenneth Cole Scott Schuster 603 West 50th Street New York, NY 10019 212-713-6690, Fax 212-315-8233 Email: sschuster@kennethcole.com Web site: www.kennethcole.com
Accessories/Apparel The 80-unit chain operates locations nationwide. The stores, offering handbags, shoes, accessories and apparel, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in freestanding locations, malls, outlet centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options.
Splash Car Wash Mark Curtis 668 Gate House Road Stamford, CT 06902 203-324-5400, Fax 203-325-9405 Email: markc@splashhandwash.com Web site: www.splashcarwashes.com
Automotive The 18-unit chain operates locations throughout CT and NY. The car washes occupy spaces of 4,000 sq.ft. to 9,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 25 years. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. A land area of 20,000 sq.ft. is required.
Tire Warehouse Neil Denenberg c/o Denenberg Realty Advisors 230 Commercial Street Boston, MA 02109 617-720-5656, 617-720-5676 Email: neil@denenbergrealty.com Web sites: www.tirewarehouseonline.com and www.denenbergra.com
Automotive The 40-unit chain operates locations throughout MA, ME, NH, RI and VT. The tire dealers occupy spaces of 5,200 sq.ft. in freestanding locations. Plans call for two openings inside Rt. 128 in MA during the coming 18 months, with representation by Denenberg Realty Advisors.
Cards for Less Stuart Kramer c/o First Development Corp. Realty 1328 Motor Parkway Hauppauge, NY 11749 631-234-3200 Email: christine@fdcrealty.com
Cards The 12-unit chain operates locations throughout Long Island, Queens and Staten Island, NY. The card and gift shops occupy spaces of 2,200 sq.ft. to 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by First Development Corp. Realty. Typical leases run 10 years. A vanilla shell and specific improvements are required. The company prefers to locate in grocery-anchored centers.
Designer Greetings dba Card$mart Barry Grody 531 East Lincoln Avenue, Apt. 6J Mount Vernon, NY 10552 914-699-5305 Email: bgrody@verizon.net Web site: www.cardsmart.com
Cards The 100-unit chain operates locations nationwide. The card and gift shops occupy spaces of 3,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with options. A vanilla shell and tenant improvement allowances are required. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income.
Quick Chek Foodstores, Inc. dba Quick Chek Foodstores Robert Vallario 3 Old Highway 28 Whitehouse Station, NJ 08889 908-534-7156, Fax 908-534-7216 Web site: www.quick-chek.com
Convenience The 100-unit chain operates locations throughout NJ and the Hudson Valley region of NY. The convenience stores, offering gasoline facilities in some locations, occupy spaces of 5,940 sq.ft. in freestanding locations. Plans call for 12 openings throughout the existing markets during the coming 18 months. Preferred demographics include a population of 5,000 within one mile earning $60,000 as the average household income. Major competitors include Wawa. A land area of two acres is required. The company prefers to acquire sites.
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Lead Sheet Planet Beauty, Inc. dba Planet Beauty Bahman Fakhimi 3199-A Red Hill Avenue Costa Mesa, CA 92626 949-752-1885, Fax 949-752-1887 Web site: www.planetbeauty.com
Cosmetics The 27-unit chain operates locations throughout CA. The beauty supply shops occupy spaces of 1,400 sq.ft. to 2,400 sq.ft. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 20,000 within one mile earning $70,000 as the average household income. The company prefers to locate in affluent areas.
Splash Perfumes, Inc. dba Splash Perfumes Jacob Pfeffer 11401 Northwest 12th Street, Suite 460 Miami, FL 33172 954-920-3131, Fax 954-457-6626 Email: jacob@splashperfumes.com Web site: www.splashperfumes.com
Cosmetics The three-unit chain operates locations throughout FL. The stores, offering brand name perfumes, occupy spaces of 600 sq.ft. to 1,100 sq.ft. in malls. Plans call for one to two openings throughout southern FL during the coming 18 months. Typical leases run three to five years.
Hart Stores, Inc. dba Bargain Giant, Geant Des Aubaines, Hart Department Stores Michael Hart 900 Place Paul-Kane Laval, Quebec, Canada H7C 2T2 450-661-4155 Web site: www.hartstores.com
Department The 91-unit chain operates locations throughout Maritimes, Ontario and Quebec, Canada. The stores, offering family apparel, footwear, home furnishings, housewares, electrical appliances, home electronics, bed and bath items, toys and furniture, occupy spaces of 30,000 sq.ft. in malls. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Family Pharmacy, Inc. dba Family Pharmacy Lynn Morris 1114 West Jackson Street Ozark, MO 65721 417-581-4335, Fax 417-581-5660
Drug Store The 24-unit chain operates locations throughout MO. The drug stores occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout southwestern MO during the coming 18 months. Typical leases run five years with options.
Neiman Marcus Wayne Hussy 1201 Elm Street, Suite 2700 Dallas, TX 75270 214-761-2410, Fax 214-761-2667
Department Store The 40-unit chain operates locations throughout AZ, CA, CO, FL, GA, HI, IL, MA, MI, MN, MO, NC, NJ, NY, NV, PA, TX, VA and Washington, DC. The department stores, offering upscale merchandise, occupy spaces of 120,000 sq.ft. in malls and urban/downtown areas. Growth opportunities are sought throughout CA, FL, TX and WA during the coming 18 months. Typical leases run 20 to 30 years.
Von Maur, Inc. dba Von Maur Director of Real Estate 6565 Brady Street Davenport, IA 52806 563-388-2200, Fax 563-388-2286 Web site: www.vonmaur.com
Department Store The 24-unit chain operates locations throughout IA, IL, IN, KS, KY, MI, MN, NE and OH. The department stores, offering men’s, women’s and children’s apparel and accessories, occupy spaces of 75,000 sq.ft. in malls and specialty centers. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months.
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June 12, 2009
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Lead Sheet Zeller’s, Inc. dba Zeller’s Don Rogers 401 Bay Street, Suite 600 Toronto, Ontario, Canada M5H 2Y4 416-861-6976, Fax 416-861-6870
Department Store The 294-unit chain operates locations throughout Canada. The department stores occupy spaces of 80,000 sq.ft. to 120,000 sq.ft. in malls, power and strip centers and urban/ downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 years. Specific improvements are required. Preferred demographics include a population of 30,000 within five miles. Major competitors include Wal*Mart.
Dollar Castle Brian Gordon c/o Gordon Real Estate 31455 Northwestern Highway, Suite D Farmington Hills, MI 48334 248-932-2100, Fax 248-538-7170
Discount The 20-unit chain operates locations throughout MI. The dollar stores occupy spaces of 5,000 sq.ft. to 13,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Gordon Real Estate. Typical leases run five years.
Family Dollar Stores, Inc. dba Family Dollar Tom Nash PO Box 1017 Charlotte, NC 28201 704-847-6961 Email: realestate@familydollar.com Web site: www.familydollar.com
Discount The 6,600-unit chain operates locations throughout the eastern, central and southern regions of the U.S. The dollar stores occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Fred’s, Inc. dba Fred’s Tom Sowa 4300 New Getwell Road Memphis, TN 38118 901-365-8880, Fax 901-360-9586 Email: t.sowa@fredsinc.com Web site: www.fredsinc.com
Discount The 665-unit chain operates locations throughout AL, AR, FL, GA, IL, IN, KY, LA, MO, MS, NC, OK, SC, TN and TX. The stores, offering discounted general merchandise items, health aids and apparel, as well as a pharmacy in some locations, occupy spaces of 12,000 sq.ft. to 16,000 sq.ft. in freestanding locations and strip and value centers. Growth opportunities are sought throughout the southeastern region of the U.S. during the coming 18 months. Typical leases run 10 years with four, five-year options. Specific improvements are required. Preferred cotenants include grocery stores. Major competitors include Dollar General, Family Dollar and Wal*Mart. A land area of 1.5 to two acres is required for freestanding locations.
Suntrust Bank Bob Schwenger c/o JBG Rosenfeld Retail 4445 Willard Avenue, Suite 700 Chevy Chase, MD 20815 301-657-0700, Fax 301-657-9850 Email: bschwenger@jbgr.com Web sites: www.suntrust.com and www.jbgr.com
Finance The 1,600-unit chain operates locations throughout AL, AR, FL, GA, MD, MS, NC, SC, TN, VA, WV and Washington, DC. The banks occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding locations with a drive-thru. Plans call for one to five openings throughout MD, VA and Washington, DC during the coming 18 months, with representation by JBG Rosenfeld Retail.
Healthworks Fitness Center dba Healthworks Mark Harrington 137 Newbury Street Boston, MA 02116 Email: mharrington@healthworksfitness.com Web site: www.healthworksfitness.com
Fitness The seven-unit chain operates locations throughout MA. The women’s fitness centers occupy spaces of 25,000 sq.ft. to 35,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout Boston, MA; New York, NY and Washington, DC during the coming 18 months. Typical leases run 20 years with options.
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Lead Sheet Weight Watchers Joy Hurtig c/o May Realty Advisors 15206 Ventura Boulevard, Suite 302 Sherman Oaks, CA 91403 818-528-3999, Fax 818-905-7559 Email: joy@mayrealtyadvisors.com Web site: www.mayrealtyadvisors.com
Fitness/Health The chain operates locations nationwide and internationally. The centers for meetings about weight loss, diet plans and healthy eating, occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in regional malls and power, specialty and strip centers. Plans call for 15 openings throughout CA during the coming 18 months, with representation by May Realty Advisors. A vanilla shell is required. Major competitors include Jenny Craig.
General Novelty, Ltd. dba Coach House Gifts and Generation X JoAnne McGee 420 East 58th Avenue Denver, CO 80216 303-383-7905, Fax 303-296-1528
Gifts The 135-unit chain operates locations nationwide. The gift shops occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in lifestyle and strip centers and enclosed malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years. A vanilla shell and specific improvements are required. Preferred trade-area demographics include a population of 100,000 earning $40,000 as the average household income.
Real Property Specialists, Inc. dba Mattress 1 One Mike Charron 6700 Conroy-Windermere Road, Suite 230 Orlando, FL 32835 407-291-9000 Email: mike@realpropertyspecialists.com
Home Furnishings The 28-unit chain operates locations throughout FL. The mattress shops occupy spaces of 2,200 sq.ft. to 3,500 sq.ft. in freestanding locations and endcaps. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options.
Moto Franchise Corp. dba Moto Photo and Portrait Avenue Joseph O’Hara 7886 Corporate Way Dayton, OH 45459 937-291-1900, Fax 937-291-2005 Web site: www.motophoto.com
Photo The 192-unit chain operates locations throughout AZ, CA, CO, CT, IL, KY, MA, MD, MI, NJ, NY, OH, PA, TX, UT, VA, WI and Washington, DC. The stores, offering one-hour photo processing, portraits and related services and merchandise, occupy spaces of 1,400 sq.ft. in regional malls. Growth opportunities are sought for the Portrait Avenue concept only, east of the Rocky Mountains during the coming 18 months. Typical leases run five years with two, five-year options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income. The company is franchising.
Payless Shoe Source Tom Rettaliata c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: trettaliata@ripcony.com Web site: www.ripcony.com
Shoes The 4,600-unit chain operates locations nationwide and internationally. The shoe stores occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in endcaps, pad sites and lifestyle, power and strip centers. Growth opportunities are sought throughout northern NJ and Long Island, Rockland, Staten Island and Westchester, NY during the coming 18 months, with representation by Ripco Real Estate.
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 12
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Demopolis – Demopolis Towne Center, a 50,302 sq.ft. strip center situated on 10.13 acres at the intersection of Highway 80 and Highway 43, has spaces available of 1,423 sq.ft. and 5,941 sq.ft. Fred’s anchors the center and cotenants include Peebles, Hibbett Sporting Goods and CitiTrends. Area retail includes Wal*Mart Supercenter. The average daily traffic count is 24,950 vehicles. For details, contact Michael Koch, Blue Ridge Capital, LLC, 3060 Peachtree Road, Suite 225, Atlanta, GA 30305; 404-3649094; Email: michael@blueridgecapital.com; Web site: www.blueridgecapital.com.
asking rent is $14 psf with CAM of $1.50 psf and taxes of $1.67 psf. For details, contact John Merritt, Merritt Commercial Realty, 37 Dingee Road, South Salem, NY 10590; 914-763-6850, Fax 914763-6850; Email: johncmerritt@gmail.com.
Colorado Colorado Springs – Briargate Crossing, a 407,459 sq.ft. strip center located at the intersection of Powers Boulevard and Briargate Parkway, has spaces available from 1,200 sq.ft. to 100,000 sq.ft. along with outlots of 30,000 sq.ft.; 45,000 sq.ft. and 100,000 sq.ft. SuperTarget anchors the center and cotenants include Petco, Wells Fargo and Sally Beauty Supply. Area demographics include a population of 109,670 within five miles earning $81,730 as the average household income. For details, contact Tom Vaughn or Mike Kumelski, Continental Properties Co., Inc., W134 N8675 Executive Parkway, Menomonee Falls, WI 53051; 262-502-5500, Fax 262-502-5522; Emails: tvaughn@cproperties.com and mkumelski@cproperties.com; Web site: www.cproperties.com.
Connecticut Brookfield – A 4,420 sq.ft. freestanding building situated on one acre at the intersection of Federal Road and Whit Turkey Road Extension is available. Area retail includes Stew Leonard’s, Home Depot, Kohl’s, Costco and Bed Bath & Beyond. Area demographics include a population of 108,190 within five miles earning $81,998 as the average household income. The average daily traffic count is 23,100 vehicles. The asking rent is $32 psf with CAM of $1.95 psf and taxes of $3.65 psf. New Milford – A 10,430 sq.ft. freestanding building situated on 1.51 acres located on Route 7/Danbury Road is available. Area retail includes Wal*Mart, Super Stop & Shop, Home Depot, Staples and T.J. Maxx. Area demographics include a population of 119,261 within 10 miles earning $103,247 as the average household income. The average daily traffic count is 30,000 vehicles. The
Florida Clearwater – Weaver Center, a 37,000 sq.ft. mixed-use strip center situated on three acres at the intersection of Belcher Road and Range Road, has spaces available of 1,250 sq.ft. and 11,000 sq.ft. along with two spaces of 5,500 sq.ft. Napa Auto Parts and Lincare anchor the center. Area retail includes Publix. Area draws include Long Recreation Center. Area demographics include a population of 280,000 within three miles earning $46,000 as the average household income. The average daily traffic count is 28,000 vehicles. The asking rent is $10 psf. For details, contact Bob Burk, West Side Realty, 2050 Weaver Park Drive, Clearwater, FL 33765; 727-462-9700, Fax 727-462-9707; Email: bburk@tampabay.rr.com; Web site: www.westsiderealtyflorida.com. Dade City – Morningside Plaza, a 75,155 sq.ft. strip center located at the intersection of County Highway 52 and U.S. Highway 301, has spaces available of 1,200 sq.ft.; 3,125 sq.ft. and 5,000 sq.ft. Sweetbay, Wal*Mart and Dollar Tree anchor the center. Cotenants include Subway, Men’s Fashion, Advanced Cash America, H&R Block and Hallmark. Area demographics include a population of 17,702 within three miles earning $47,133 as the average household income. The asking rent is $13 psf with CAM of $4.05 psf. Ft. Myers – Bayshore Plaza has a 24,500 sq.ft. outlot available. Area demographics include a population of 39,675 within three miles earning $45,734 as the average household income. The asking rent is $1.63 psf. Also, a center located at the intersection of Bay Shore Road and Slater Road has a 32,700 sq.ft. outlot available. Area demographics include a population of 39,675 within three miles earning $45,734 as the average household income. The asking rent is $1.22 psf. Tampa – Fowler Shopping Plaza, a 27,320 sq.ft. strip center located at the intersection of East Fowler Avenue and North 15th Street, has spaces available of 1,200 sq.ft.; 2,640 sq.ft. and 3,000 sq.ft. Cotenants include Hertz and Optical Outlet. Area retail includes Macy’s and Dillard’s. Area demographics include a population of 124,220 within three miles earning $45,839 as the average household (continued on page fourteen) www.dealmakers.net
Lease Signings
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Crosland, LLC (704-561-5222) signed the following leases at Richmond Centre, an 800,000 sq.ft. mixed-use center situated on 120 acres in Richmond, KY: with Ann’s Hallmark for 5,197 sq.ft.; with Koto Japanese Bistro for 4,514 sq.ft.; with Chick-fil-A for 4,596 sq.ft.; with Panera Bread for 3,500 sq.ft., and with Olive Garden for 7,441 sq.ft. The tenants join Belk, JCPenney and Cinemark Theatre. Grubb & Ellis|BRE Commercial (858546-5400) negotiated a 10-year lease with Children’s Villages for 6,000 sq.ft. on El Camino Real in Carlsbad, CA. The company represented the landlord, Hughes Investments, and Colliers International represented the tenant in the transaction. The company also negotiated a 10-year lease with Jersey Mike’s Subs for 1,755 sq.ft. on Rio San Diego Drive in San Diego, CA. The company represented the tenant and Flocke & Avoyer represented the landlord, R.V.S. Retail, LP, in the transaction. KeyPoint Partners, LLC (781-273-5555) negotiated a lease with Carter’s for 3,947 sq.ft. at Wayside Commons, located in Burlington, MA. The tenant joins L.L. Bean, Ann Taylor Loft, Coldwater Creek, New York & Co., Lane Bryant, Justice Just For Girls, Arhaus Furniture, The Beauty Café, Cacique, The Capital Grille, Citibank, Cold Stone Creamery, For Eyes, Ginger Pad, Green Tangerine Spa & Salon, Jared – The Galleria of Jewelry, Massage Envy, New Balance, Not Your Average Joe’s, Omaha Steaks, Relax the Back, Stellabella Toys, Swoozie’s and West Elm. Centro Properties Group (212-869-3000) signed a lease with AutoZone for 9,506 sq.ft. at Redford Plaza, located at the intersection of Highway 24/Telegraph Road and West Chicago Street in Redford, MI. Landmark Commercial represented the tenant in the transaction. The company also signed a lease with Big O’s Golf for 2,412 sq.ft. at League City, located at the intersection of Highway 518/West Main Street and Highway 3 in League City, TX. The company also signed a lease with LA Trade Center for 55,567 sq.ft. at Alexis Park, located at the intersection of Route 184/Alexis Road and Lewis Avenue in Toledo, OH. The company also signed a lease with Regency Beauty Institute for 6,050 sq.ft. at Hall Road Crossing, located at the intersection of Highway M59/Hall Road and Schoenherr Road in Shelby Township, MI. LaKritz Weber & Co. represented the tenant in the transaction. The tenant joins T.J. Maxx, Old Navy, Thomasville Furniture, D M Gander Mountain and Michaels.
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JBG Rosenfeld Retail (301-657-7336 or 301-6577343) represents Crème de la Crème with the childhood development chain’s expansion plans throughout Annapolis, Aspen Hill, Bethesda, Columbia, Gaithersburg and Olney, MD and Burke, Fairfax, Falls Church and Vienna, VA, utilizing spaces of 20,000 sq.ft. in inline spaces or pad sites with an outdoor play area. Winick Realty Group (212-792-2600) represents the following retailers with their expansion plans: Duane Reade, throughout CT, NJ and New York and Westchester, NY, seeking sites of 6,000 sq.ft. to 12,000 sq.ft.; AT&T Mobility, throughout northern NJ and Long Island and New York, NY, seeking spaces of 2,000 sq.ft. to 4,000 sq.ft.; Financier, throughout Manhattan, NY, seeking sites of 800 sq.ft. to 2,000 sq.ft.; InVite Health, throughout NJ and New York, NY, seeking spaces of 600 sq.ft. to 1,500 sq.ft.; Ricky’s, throughout New York, NY, seeking sites of 1,500 sq.ft. to 2,500 sq.ft.; Basics Plus, throughout New York, NY, seeking sites of 700 sq.ft. to 1,200 sq.ft.; New York Sports Club, throughout Staten Island, NY, utilizing spaces of 15,000 sq.ft. to 40,000 sq.ft.; Camp Bow Wow, throughout northern NJ and New York, NY, seeking spaces of 4,000 sq.ft. to 8,000 sq.ft.; Soup Man, throughout NJ and Long Island and New York, NY, seeking sites of 1,000 sq.ft. to 1,500 sq.ft.; 1-800-Flowers, nationwide, seeking sites of 500 sq.ft. to 1,500 sq.ft.; Starbucks, throughout Brooklyn, Queens and Staten Island, NY, seeking spaces of 800 sq.ft. to 2,500 sq.ft.; Gristedes, throughout New York, NY, utilizing spaces of 8,000 sq.ft. to 15,000 sq.ft.; Just Salad, throughout New York, NY, seeking sites of 1,000 sq.ft. to 2,000 sq.ft.; GNC, throughout New York, NY, seeking sites of 750 sq.ft. to 1,400 sq.ft.; Buffalo Exchange, throughout New York, NY, seeking spaces of 2,000 sq.ft. to 4,000 sq.ft.; Carrabba’s Italian Grill, throughout northern NJ and the New York, NY metropolitan area, utilizing spaces of 4,500 sq.ft. to 5,600 sq.ft.; Outback Steakhouse, throughout Long Island and New York, NY, seeking spaces of 6,300 sq.ft., and MySuit, throughout NJ and Long Island, New York and Westchester, NY, seeking sites of 3,000 sq.ft. to 4,000 sq.ft. MJB Real Estate Services Corp. (203-2226200 or 203-306-0222) represents the following retailers with their expansion plans: Black Bear Saloon, throughout Boston, MA, seeking spaces of 4,000 sq.ft. to 6,000 sq.ft.; Choice Pet, throughout CT, seeking spaces of 10,000 sq.ft.; Oreck, throughout CT, utilizing spaces of 1,500 sq.ft.; Sprint, throughout CT, seeking spaces of 1,500 sq.ft., and The Tilted Kilt, throughout New England, seeking sites D M of 4,000 sq.ft. to 8,000 sq.ft. page 14
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income. The average daily traffic count is 52,500 vehicles. The asking rent is $11 psf with CAM of $6.30 psf. Valrico – Royal Oaks Plaza, a 90,709 sq.ft. strip center located at the intersection of Lithia Pinecrest Road and Bloomingdale Avenue, has spaces available of 1,050 sq.ft.; 1,091 sq.ft. and 2,000 sq.ft. Lifestyle Family Fitness and Harbor Freight Tools anchor the center. Cotenants include Pinch A Penny, JJ Smoothy and Pizza Hut. Area demographics include a population of 69,527 within three miles earning $101,055 as the average household income. The average daily traffic count is 20,356 vehicles. The asking rent is $18 psf with CAM of $6.21 psf. Wellington – Wellington Marketplace, a 231,600 sq.ft. strip center located at the intersection of Wellington Trace and Greenview Shores Boulevard, has spaces available of 1,200 sq.ft.; 2,516 sq.ft. and 2,700 sq.ft. Beall’s Outlet and Ace Hardware anchor the center. Cotenants include Subway, H&R Block, Dollar Plus, Pak Mail, Goodwill Boutique, Walgreens, Pet Supplies Plus, Print Masters, Edible Arrangements and Nature’s Table Café. Area demographics include a population of 45,525 within three miles earning $111,787 as the average household income. The average daily traffic count is 23,700 vehicles. The asking rent is $18 psf with CAM of $9.05 psf. For details, contact Lenore Reynolds, Bruce Strumpf, Inc., 2120 Drew Street, Clearwater, FL 33765; 727-449-2020, Fax 727-449-2212; Email: lenorereynolds@brucestrumpf.com; Web site: www.brucestrumpf.com. Delray Beach – Delray Marketplace, a 318,000 sq.ft. specialty power center located at the intersection of West Atlantic Avenue and Lyons Road, has junior anchor and shop space available along with two pad sites of 0.3 acres. Frank Theatres and Publix anchor the center. Area demographics include a population of 529,295 within 10 miles earning $86,592 as the average household income. Ft. Lauderdale – Cobblestone Plaza, a 165,000 sq.ft. power center located at the intersection of Interstate 75 and Pines Boulevard, has spaces available from 800 sq.ft. to 5,000 sq.ft. along with a 0.31-acre pad site. Whole Foods Market, Staples and Party City anchor the center. Area demographics include a population of 938,070 within 10 miles earning $74,982 as the average household income. Jacksonville – Bolton Plaza, a 172,938 sq.ft. strip center located at the intersection of Blanding Boulevard and Boulton Road, has spaces available from 900 sq.ft. to 2,400 sq.ft. along with a 131,488
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Florida sq.ft. anchor space. Cotenants include Payless ShoeSource, Subway, RadioShack and LA Weight Loss. Area demographics include a population of 340,252 within 10 miles earning $71,605 as the average household income. Naples – Courthouse Shadows, a 134,867 sq.ft. strip center located at the intersection of Tamiami Trail and Airport Pulling Road, has spaces available from 1,200 sq.ft. to 4,500 sq.ft. along with a 0.54acre outlot. Publix and OfficeMax anchor the center. Area demographics include a population of 213,114 within 10 miles earning $87,885 as the average household income. Also, Shops at Eagle Creek, a 72,271 sq.ft. center located at the intersection of U.S. Route 41 and State Road 951, has a 25,000 sq.ft. space available along with two outlots of 0.93 acres. Staples anchors the center. Area demographics include a population of 148,859 within 10 miles earning $75,276 as the average household income. For details, contact Lori Wick, Kite Realty Group, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-577-5600, Fax 317-577-5605; Email: lwick@kiterealty.com; Web site: www.kiterealty.com. Sarasota – Colonial Village Shopping Center, a 47,442 sq.ft. strip center situated on 3.75 acres at the intersection of Lime Avenue and Fruitville Road, has a 4,732 sq.ft. space available. Save-A-Lot and Family Dollar anchor the center. Cotenants include Minute Man Press. Area demographics include a population of 165,568 within five miles earning $73,204 as the average household income. The average daily traffic count is 30,000 vehicles. For details, contact Nicholas Forelli, Rosen Associates Management Corp., 33 South Service Road, Jericho, NY 11753; 516-281-1532, Fax 516-281-1562; Email: nforelli@rosenmgmt.com. Winter Park – Hannibal Square, a mixed-use center situated on 10 acres at the intersection of Pennsylvania Avenue and West New England Avenue, has a divisible space of 5,000 sq.ft. available. Cotenants include Hot Olives, Dexter’s, Hannibals and Chez Vincent’s. Area demographics include a population of 200,000 within five miles earning $58,000 as the average household income. The asking rent ranges from $26 psf to $32 psf NNN. For details, contact Dan Bellows, Sydgan Corp., PO Box 350, Winter Park, FL 32790-0350; 407-644-3151, Fax 407-6442854; Email: w1454@aol.com; Web site: www.sydgan.com.
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Buford – Buford Village, a 70,000 sq.ft. mixed-use center situated on 10 acres at the intersection of Buford Highway and Hamilton Mill Road, has spaces available of 1,000 sq.ft.; 1,950 sq.ft. and 3,200 sq.ft. along with a 29,000 sq.ft. outlot. Brand Bank, Dominick’s and Tanners Grill anchor the center. Cotenants include Sean’s American Bistro. Area retail includes Mall of Georgia. Area demographics include a population of 333,000 within 10 miles earning $93,000 as the average household income. The average daily traffic count is 55,010 vehicles. The asking rent ranges from $19 psf to $24 psf with CAM of $2.20 psf and taxes of $2.40 psf. For details, contact Michael Lowrey, Wheeler/Kolb Management Co., 3525 Mall Boulevard, Suite 5AA, Duluth, GA 30096; 770-476-4801, Fax 770-497-8811; Email: michael@wheelerkolb.com; Web site: www.wheelerkolb.com.
78,500 vehicles. The asking rent ranges from $18 psf to $25 psf with CAM of $6.25 psf and taxes of $1 psf. For details, contact Mike Craven, SRM Development, LLC, 111 North Post, Suite 200, Spokane, WA 99201; 509455-5477, Fax 509-838-0933; Email: mike@srmdevelopment.com; Web site: www.riverstonecda.com.
12.06 acres at the intersection of Shadeland Avenue and 75th Street, has spaces available of 1,200 sq.ft.; 2,400 sq.ft. and 4,800 sq.ft. Marsh Supermarket and CVS anchor the center. Cotenants include Dollar Tree, H&R Block, Subway, The UPS Store and Nationwide Insurance. Area demographics include a population of 172,919 within five miles earning $69,206 as the median household income. For details, contact Doug Singleton, TriLand Properties, Inc., One Westbrook Corporate Center, Suite 520, Westchester, IL 60154; 708-531-8224, Fax 708-531-8217; Email: dsingleton@trilandproperties.com; Web site: www.trilandproperties.com.
Roswell – Indian Creek Shopping Center, a 58,547 sq.ft. strip center situated on 15.74 acres at the intersection of Highway 92/ Alabama Road and Sandy Plains Road, has a 2,300 sq.ft. space available along with two spaces of 2,000 sq.ft. LA Fitness anchors the center and cotenants include Discount Tires, Waffle House and AT&T Mobility. Area retail includes Publix. Area demographics include a population of 59,464 within five miles earning $139,535 as the average household income. The asking rent is $21 psf with CAM of $2 psf and taxes of $3 psf. For details, contact Kimberly Atlee, Retailworks USA, 191 Peachtree Street, Atlanta, GA 30303; 404-736-3700; Email: kimberly@retailworksusa.com; Web site: www.retailworksusa.com.
Idaho Coeur d’Alene – Village at Riverstone, a 202,000 sq.ft. mixed-use center situated on 25.52 acres at the intersection of Northwest Boulevard and Seltice Way, has spaces available from 600 sq.ft. to 28,000 sq.ft. along with outlots of 16,000 sq.ft. and 20,000 sq.ft. Regal Cinemas anchors the center and cotenants include Buckle, Aeropostale, Zumiez, Escape Outdoors, Red Robin, Azteca Southwest Grill, Orvis Northwest Outfitters, Starbucks, Cold Stone Creamery, AT&T Mobility, Vertical Earth and San Francisco Sourdough Eatery. Area demographics include a population of 111,998 within 10 miles earning $53,031 as the average household income. The average daily traffic count is
Illinois Aurora – River Street Plaza, a mixed-use center located at the intersection of IL Route 31 and Benton Street, has spaces available of 1,200 sq.ft.; 3,000 sq.ft. and 5,000 sq.ft. Cotenants include Jimmy John’s, New China Hut and Kona Café. Area demographics include a population of 493,221 within 10 miles earning $92,998 as the average household income. The average daily traffic count is 31,100 vehicles. For details, contact David Fitzgerald, The Vanstrand Group, 100 South River Street, Aurora, IL 60506; 630892-7399, Fax 630-892-1915; Email: dfitzgerald@thevanstrandgroup.com; Web site: www.riverstreetplaza.com. Tinley Park – Tinley Downs, a 45,000 sq.ft. strip center located at the intersection of 171st Street and 80th Avenue, has spaces available from 1,200 sq.ft. to 8,588 sq.ft. Walgreens anchors the center and cotenants include Dunkin’ Donuts, Jimmy John’s and BoRics. Area demographics include a population of 195,375 within five miles earning $65,712 as the median household income. The asking rent is $15 psf. For details, contact Ruben Vallejo, Re/ Max Team 2000 Commercial, 18080 South Wolf Road, Orland Park, IL 60467; 708-560-3499, Fax 708-645-8348; Email: ruvallejo@aol.com.
Indiana Indianapolis – Southern Plaza, a 266,692 sq.ft. strip center located at the intersection of U.S. Highway 31 and Interstate 465, has spaces available of 1,610 sq.ft.; 4,560 sq.ft. and 11,000 sq.ft. Kroger, Office Depot, Harbor Freight Tools, A.J. Wright, Dots, Family Dollar and Kaplan anchor the center. Cotenants include H&R Block, Rent-A-Center and Sally Beauty Supply. Area demographics include a population of 192,293 within five miles earning $49,678 as the median household income. Also, Shadeland Station, a 105,922 sq.ft. strip center situated on www.dealmakers.net
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Michigan Adrian – A 147,038 sq.ft. strip center located at the intersection of Highway 223 and Treat Street, has a 1,905 sq.ft. space available along with a 64,032 sq.ft. outlot. Kohl’s anchors the center and cotenants include Sally Beauty Supply, Quiznos, Malibu Tan and Bank of Lenawee. Area retail includes Wal*Mart and Meijer. Area demographics include a population of 62,442 within 10 miles earning $49,347 as the average household income. The average daily traffic count is 39,300 vehicles. The asking rent is $16 psf with CAM of $3.50 psf and taxes of $1.50 psf. Green Oak – Shoppes at Green Oak, a 267,092 sq.ft. power center located at the intersection of U.S. Highway 23 and Maltby Road, has a 2,417 sq.ft. space available. Kohl’s and Costco anchor the center. Cotenants include KSI Kitchen & Bath, Red Wing Shoes and Sncronize Salon. Area retail includes Green Oak Village Place. Area demographics include a population of 56,391 within five miles earning $96,171 as the average household income. The asking rent is $14 psf with CAM of $1.50 psf and taxes of $2.50 psf. Monroe – Telegraph Plaza, a 141,956 sq.ft. strip center located at the intersection of Telegraph Road and Mall Road, has spaces available of 2,480 sq.ft.; 4,200 sq.ft. and 7,200 sq.ft. Kohl’s and Lowe’s Home Improvement anchor the center. Cotenants include T.J. Maxx, PetSmart, Ciolinos Fruit & Vegetable Market, Verizon Wireless, 1st Choice Haircutters, Art Nails and Maggie Moo’s Ice Cream. Area retail includes Wal*Mart. Area demographics include a population of 58,123 within five miles earning $52,952 as the average household income. The asking rent ranges from $9 psf to $15 psf with CAM of $1.75 psf and taxes of $3 psf.
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For details, contact Tom Vaughn, Continental Properties Co., Inc., W134 N8675 Executive Parkway, Menomonee Falls, WI 53051; 262-502-5500, Fax 262502-5522; Email: tvaughn@cproperties.com; Web site: www.cproperties.com.
Nevada Las Vegas – Boca Park Fashion Village, a power center located at the intersection of Charleston Boulevard and Rampart Boulevard, has a 139,370 sq.ft. space available. Target, Ross Dress for Less, Vons and Longs Drug anchors the center. Cotenants include REI., The Cheesecake Factory, Gordon Biersch, Kona Grill and Harry & David. Area demographics include a population of 136,897 within three miles earning $91,929 as the average household income. The average daily traffic count is 38,000 vehicles. North Las Vegas – Deer Springs Town Center, a 700,000 sq.ft. power center located at the intersection of Interstate 215 and North 5th Street, has spaces available from 1,200 sq.ft. to 50,035 sq.ft. Target, Babies “R” Us and Home Depot anchor the center. Cotenants include Ross Dress for Less, PetSmart, Staples, In-N-Out Burger, Party Superstore, Nevada Federal Credit Union and AT&T Mobility. Area demographics include a population of 170,455 within five miles earning $80,564 as the average household income. For details regarding the Las Vegas property, contact Michael E. Gleason, Jr., R.O.I. Commercial Real Estate, Inc., 7100 West Smoke Ranch Road, Suite 100, Las Vegas, NV 89128; 702363-3100, Fax 702-363-0450; Email: mgleason@roicre.com; Web site: www.roicre.com. For details regarding the North Las Vegas property, contact Todd Boyer; Email: tboyer@roicre.com.
New York Albany – Newbury Plaza, a 54,600 sq.ft. strip center located on Wolf Road, has a 5,400 sq.ft. space available. Cotenants include Panera Bread, AllCare Dental, Shapes & Colours Salon & Day Spa, InTouch Wireless and The Good Feet Store. Area retail includes Colonie Center Mall. The average daily traffic count is 28,000 vehicles. For details, contact Patricia McGrath, First Columbia, LLC, 22 Century Hill Drive, Latham, NY 12110; 518-213-1000, Fax 518-2131020; Email: pmcgrath@firstcolumbia.com; Web site: www.firstcolumbia.com. page 16
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Paramus – 35 Plaza, a 50,000 sq.ft. strip center located at the intersection of Route 4 and Route 17, has spaces available of 2,600 sq.ft. and 3,530 sq.ft. Houlihan’s, Starbucks, Van Heusen and Bass anchor the center. Cotenants include Mothers Work and Road Runner. Area retail includes Garden State Plaza and Bergen Mall. Area demographics include a population of 498,067 within five miles earning $110,633 as the average household income. The average daily traffic count is 150,000 vehicles. The asking rent is $35 psf with CAM of $7 psf. Also, Neptune Plaza, a 33,000 sq.ft. strip center, has a 10,000 sq.ft. space available. La-Z-Boy anchors the center and cotenants include Blinds to Go and He-Man Big & Tall. Area retail includes Garden State Plaza and Bergen Mall. Area demographics include a population of 498,067 within five miles earning $110,633 as the average household income. The average daily traffic count is 150,000 vehicles. The asking rent is $35 psf. For details, contact Rennie Pincus, A.H. Saver & Associates, 332 Route 4 East, Paramus, NJ 07652; 201-843-1600, Fax 201843-0865; Email: renniepincus@gmail.com.
intersection of NC 55 and New Hill Road, has spaces available from 600 sq.ft. to 50,000 sq.ft. along with pad sites of 0.3 acres. Area demographics include a population of 229,076 within 10 miles earning $92,312 as the average household income. For details, contact Lori Wick, Kite Realty Group, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-577-5600, Fax 317-577-5605; Email: lwick@kiterealty.com; Web site: www.kiterealty.com.
Ramsey – Lincoln Plaza, a 38,600 sq.ft. strip center situated on five acres along Airmont Road, has a 3,000 sq.ft. space available. The asking rent is $30 psf NNN with CAM of $3.50 psf and taxes of $3.75 psf. For details, contact Sal Riggi, Lincoln Plaza, 875 Route 17 South, Ramsey, NJ 07446; 201-264-3175, Fax 201-818-9466; Email: salriggi@optonline.net; Web site: www.lincolnplazanj.com. Raritan – Raritan Shopping Center, a 117,000 sq.ft. strip center, has spaces available of 1,600 sq.ft.; 3,600 sq.ft. and 12,000 sq.ft. Super Stop & Shop, Countrywide Home Loans and Blockbuster Video anchor the center. Cotenants include Frank’s Pizza and Emiliani Beauty Supply. Area demographics include a population of 54,760 within five miles earning $83,462 as the median household income. The asking rent is $30 psf with CAM of $2.50 psf and taxes of $4 psf. For details, contact Larry Pinilis, Pinilis Store Brokers, PO Box 1516, Livingston, NJ 07052; 973-994-6620, Fax 973-994-7281; Email: larrypinilis@aol.com.
North Carolina Raleigh – New Hill Place, a 364,000 sq.ft. mixed-use specialty center located at the
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Wilmington – A center located on Market Street has a 29,047 sq.ft. space available. Area demographics include a population of 53,438 within three miles earning $63,329 as the average household income. For details, contact Rob Lang, Kamin Realty Co., PO Box 10234, Pittsburgh, PA 15232; 412-661-5233, Fax 412-661-8160.
Ohio Athens – A 381,048 sq.ft. power center located on East State Street has a 5,000 sq.ft. space available along with outlots of 33,976 sq.ft. and 43,995 sq.ft. Wal*Mart and Lowe’s Home Improvement anchor the center. Cotenants include Ruby Tuesday, Burger King, Staples, Hibbett Sporting Goods, Petland, Aaron Rents, Hallmark, RadioShack, Advance America, Regis, Hollywood Video and Panda Restaurant. Area demographics include a population of 45,936 within 10 miles earning $41,565 as the average household income. The asking rent is $15 psf with CAM of $1.25 psf and taxes of $1.75 psf. Beavercreek – Beavercreek Center, a 276,893 sq.ft. strip center located on North Fairfield Road, has a 70,047 sq.ft. space available. LA Fitness anchors the center and cotenants include Gabriel Bros., Michaels, Toys “R” Us and PetSmart. Area retail includes Mall at Fairfield Commons. Area demographics include a population of 114,825 within five miles earning $56,533 as the average household income. The asking rent is $10 psf with CAM of $1.50 psf and taxes of $1.50 psf. Newark – Mt. Vernon Crossing, a 134,602 sq.ft. strip center located at the intersection of Deo Drive and Mt. Vernon Road, has a 6,400 sq.ft. space available. Kohl’s anchors the center and cotenants include OfficeMax. Area retail includes Kroger. Area demographics include a population of 68,690 within five miles earning $50,110 as the average household income. The asking rent is $14 psf with CAM of $1.75 psf and taxes of $2 psf. For details, contact Tom Vaughn, Continental Properties Co., Inc., W134
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Staples, T.J. Maxx and Peebles anchor the center. Cotenants include Payless ShoeSource, Rent-A-Center, Pizza Hut, Jo-Ann Fabrics, RadioShack, Fashion Bug, Unicell, Verizon Wireless, Olympia Sports and Yankee One Dollar. Area retail includes Wal*Mart and a future Lowe’s Home Improvement. Area demographics include a population of 48,000 within 10 miles. The average daily traffic count is 16,400 vehicles. The asking rent is $9 psf with CAM of $1.75 psf and taxes of $2 psf. For details, contact Tim Burke, David G. White & Associates, Inc., PO Box 1007, 168 Battery Street, Burlington, VT 05402-1007; 802-862-1225 Ext. 14, Fax 802-862-3601; Email: tburke@dgwhiteassoc.com.
Fabrics, OfficeMax, Books-A-Million and Petco anchor the center. Cotenants include dressbarn, McAlister’s Deli, Maurices, Five Guys Famous Burgers and Fries, Starbucks, GNC and Famous Footwear. Area retail includes Chesterfield Towne Center Mall. Area demographics include a population of 70,000 within five miles earning $122,000 as the average household income. The average daily traffic count is 70,000 vehicles. For details, contact Tim Todaro, Zaremba Group, 14600 Detroit Avenue, Lakewood, OH 44107; 216-221-2186; Email: ttodaro@zarembagroup.com; Web site: www.zarembagroup.com.
Medina – Medina Grande Shops, a 142,466 sq.ft. strip center located at the intersection of Route 42 and Grande Boulevard, has spaces available from 2,000 sq.ft. to 6,000 sq.ft. Borders, Bed Bath & Beyond, Jo-Ann Fabrics and PetSmart anchor the center. Cotenants include Pier 1 Imports, RadioShack and Kay Jewelers. Area demographics include a population of 161,021 within 10 miles earning $85,000 as the average household income. Zanesville – NorthPointe Center, a 401,000 sq.ft. strip center located at the intersection of Route 60 and North Pointe Drive, has spaces available from 1,500 sq.ft. to 12,000 sq.ft. along with a 1.5-acre outlot. Kohl’s, Home Depot, T.J. Maxx, Hobby Lobby, PetSmart and MC Sports anchor the center. Cotenants include Starbucks, Famous Footwear, Maurices, Dollar Tree and GameStop. Area retail includes Colony Square Mall. Area demographics include a population of 161,233 within 10 miles earning $49,000 as the average household income. For details regarding the Medina property, contact Ilan Konover, Zaremba Group, 14600 Detroit Avenue, Lakewood, OH 44107; 216-221-6600; Email: ikonover@zarembagroup.com; Web site: www.zaremabgroup.com. For details regarding the Zanesville property, contact Heather Springer; Email: hspringer@zarembagroup.com.
Virginia Midlothian – Westchester Commons, an 850,000 sq.ft. power center located at the intersection of Route 60/Midlothian Turnpike and Interstate 288, has spaces available from 800 sq.ft. to 50,000 sq.ft. along with six outlots from 1.4 acres to two acres. Target, Regal Cinemas, Gold’s Gym, Jo-Ann
Washington Seattle – Four Corner Square, a 29,177 sq.ft. strip center located at the intersection of Kent-Kangley Road and Maple Valley Black Diamond Road Southeast, has shop spaces available from 1,200 sq.ft. to 10,000 sq.ft. along with junior anchor spaces and outlots of 1.24 acres and 1.3 acres. Do It (continued on page eighteen)
Texas Houston – Memorial City Mall, a 1.7-million sq.ft. center situated on 102.09 acres at the intersection of Interstate 10 and Gessner Road, has space available. Dillard’s, JCPenney, Macy’s, Sears and Target anchor the center. Area demographics include a population of 357,596 within five miles earning $106,354 as the average household income. For details, contact Randy Holcombe, Holcombe Properties, 14785 Preston Road, Suite 550, Dallas, TX 75254; 972789-5510, Fax 214-207-7899; Email: randy@holcombeproperties.com.
Vermont St. Albans – Highgate Commons Shopping Center, a 220,000 sq.ft. strip center located on U.S. Route 7, has a 31,500 sq.ft. space available. Hannaford Bros. Supermarket, www.dealmakers.net
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Best Hardware anchors the center. Area demographics include a population of 259,906 within 10 miles earning $80,683 as the average household income. For details, contact Lori Wick, Kite Realty Group, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-577-5600, Fax 317-577-5605; Email: lwick@kiterealty.com; Web site: www.kiterealty.com.
Wisconsin Brookfield – Fountain Square, a 165,821 sq.ft. power center situated on 15 acres at the intersection of Bluemound Road and Main Street, has spaces available of 24,538 sq.ft. and 32,363 sq.ft. Bed Bath & Beyond, PetSmart, Cost Plus World Market and Michaels anchor the center. Cotenants include Goodyear, Fidelity Investments, Jared – The Galleria of Jewelry and Mimi Maternity. Area retail includes Brookfield Square. Area demographics include a population of 350,957 within five miles earning $69,739 as the average household income. The average daily traffic count is
Wisconsin
Wisconsin
39,300 vehicles. The asking rent is $14 psf with CAM of $1.75 psf and taxes of $2.50 psf. Glendale – A center located at the intersection of Silver Spring Drive and Green Bay Avenue has space available. Area retail includes Bayshore Mall. Area demographics include a population of 129,766 within three miles earning $62,676 as the average household income. The average daily traffic count is 30,800 vehicles. Grafton – Grafton Commons, a 385,447 sq.ft. power center situated on 71 acres at the intersection of Route 1-43 and Highway 60, has spaces available of 5,450 sq.ft. and 12,000 sq.ft. along with a 78,408 sq.ft. outlot. Costco, Kohl’s, Dick’s Sporting Goods, Best Buy, Michaels and PetSmart anchor the center. Cotenants include Verizon Wireless, Qdoba Mexican Grill and AAA. Area retail includes Target. Area demographics include a population of 41,186 within 10 miles earning $81,646 as the average household income. The average daily traffic count is 47,200 vehicles. The asking rent is $23 psf with CAM of $2 psf and taxes of $3.75 psf. Mt. Pleasant – Mount Pleasant Corp. Center, a 447,964 sq.ft. center located at the intersection of Highway
11 and Highway 31, has a 72,745 sq.ft. outlot available. Wal*Mart and Menards anchor the center. Cotenants include Aldi, Petco, Goodwill Industries, Wendy’s, Kwik Trip, Arby’s and Mt. Pleasant Commerce Center. Wauwatosa – Burleigh Square, a 251,708 sq.ft. strip center located at the intersection of North 124th Street and Burleigh Street, has spaces available of 6,560 sq.ft.; 16,000 sq.ft. and 20,000 sq.ft. along with a 30,275 sq.ft. outlot. Lowe’s Home Improvement anchors the center and cotenants include OfficeMax, Focus Credit Union and Steak ‘N Shake. Area retail includes Target, Pick ‘N Save, Kohl’s and Mayfair Mall. Area demographics include a population of 260,123 within five miles earning $55,205 as the average household income. The average daily traffic count is 21,400 vehicles. The asking rent is $18 psf with CAM of $1.75 psf and taxes of $2 psf. For details, contact Tom Vaughn, Continental Properties Co., Inc., W134 N8675 Executive Parkway, Menomonee Falls, WI 53051; 262-502-5500, Fax 262502-5522; Email: tvaughn@cproperties.com; Web site: www.cproperties.com. DM
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June 12, 2009
The
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Visit us at the New eNglaNd idea exchaNge — July 8 & 9, 2009
Representing Over 3 Million square Feet of Properties leasiNg | teNaNt ReP | iNVestMeNt sales east haVeN shOPPiNg ceNteR east haVeN, cONNecticut
cOPacO shOPPiNg ceNteR BlOOMField, cONNecticut
laNd — ROute 3 ROcky hill, cONNecticut
75 North Frontage Road • 187,000 Sq. Ft. Shopping Center • Units 2,000 to 15,000 Sq. Ft. • Direct access from Exit 51 off I-95 and Boston Post Road (Route 1) • Join Home Depot, Auto Zone, Wendy’s and many more • Available Now!
cottage grove Road (Route 218) • 450,000 Square Feet Center is Expanding • Join Lowe’s, Stop & Shop, Burlington Coat, IHOP, Dollar Tree, McDonald’s, CVS Pharmacy, Eblens and many more • 15,000 Square Foot Expansion of Power Center • 1 Outparcel Remaining for Lease and 3,000 to 6,000 Sq. Ft. available for lease • Firestone Now Open
1.3 acres For lease of Build to suit • Great location for financial institution, restaurant, fast food, retailer, hotel • Signalized intersection with 23,000 VPD • Zoned commercial; gas, water, sewer available • Great visibility; strong demos; surrounded by office/distributors; access to Exit 23, I-91
stOP & shOP Plaza sPRiNgField, Massachusetts
tOllaNd tuRNPike MaNchesteR, cONNecticut
gateway shOPPiNg Plaza MaNchesteR, cONNecticut
corner of allen & cooley streets • Join Stop & Shop Supermarket • 8,675 Square Feet remaining — can be divided • Neighbors include Big Y, Burlington Coat, Texas Roadhouse, Rite Aid, Burger King, and many more. • High traffic location serving Greater Springfield
ground lease or Build to suit | 1046 tolland tpk. • Approved pad site for 4,000 sq ft building with drive through • Ideal for a bank, restaurant, or retail • Join BJ’s Wholesale Club, Randy’s Wooster Street Pizza, Manchester Wine & Liquors • Highly visible location
deming street (Buckland hills area) exit 63 off i-84 • 2,000 - 7,000 Square Feet Available in a 51,472 Square Foot Retail Strip Center • Join Applebees, Panera Bread, Walgreens, FedEx Kinkos, Aspen Dental and more • Prime location in major retail corridor — neighbors include Buckland Hills Mall, DSW, AC Moore, Raymour & Flanigan & more
tRactOR suPPly Plaza PutNaM, cONNecticut
cOlONial Plaza wateRBuRy, cONNecticut
hadley cORNeR hadley, Massachusetts
Providence Pike (Route 44) 32,000 Square Foot Shopping Center Join Tractor Supply 1,500 − 13,000 Square Feet Remain; Can Be Divided Neighbors include: Stop & Shop, Sears Essentials, Wal*Mart, CVS (2009) and more • Immediate occupancy
Route 8 & thomaston avenue • 225,000 Sq. Ft. Shopping Center • Join Compare Foods, Dollar Dreams, Dunkin Donuts, Wendy’s, and more • Immediate occupancy • 832 - 34,512 Square Feet remain for lease; subdividable • Below market rates
Russell street (Route 9) • Located on Route 9 (Russell Street) Retail Corridor • 2,000 - 40,000 Sq. Ft. Units Available • Join Home Depot in this 271,000 Sq. Ft. Power Center • Neighbors include: Walmart, Barnes & Noble, Old Navy, Best Buy, Target, JC Penney and many more
• • • •
Phone: (860) 529-9000 | www.newenglandretail.com | Fax: (860) 563-9667