Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXIII
June 20, 2014
FEATURING HOME-RELATED CHAINS EXPAND NATIONWIDE Ace Hardware operates more than 4,850 locations nationwide. The home improvement stores occupy spaces of 6,000 sq.ft. to 12,000 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the surrounding boroughs of New York, NY during the coming 18 months, with representation by Sholom & Zuckerbrot. The company prefers to locate in densely populated areas with high pedestrian traffic counts. For more information, contact Marc Durst, Sholom & Zuckerbrot, Kaufman Astoria Studios 35-11 35th Avenue, Long Island City, NY 11106; 718-392-5959, Fax 718-392-6530; Email: mdurst@s-z.com; Web site: www.s-z.com. McCoy Corp. trades as McCoy’s Building Supply Center at 86 locations throughout AR, MS, NM, OK and TX. The company offers lumber, building supplies and farm and ranch equipment and occupies spaces of 18,000 sq.ft. in freestanding locations. Plans call for two openings throughout TX during the coming 18 months. Preferred demographics include a population of 30,000 within five miles. Major competitors include Lowe’s Home Improvement, Home Depot and Sutherland. For more information, contact Phil Hutchinson, McCoy Corp., PO Box 1028, San Marcos, TX 78667; 512-353-5400, Fax 512-805-6778; Email: phutchinson@mccoys.com; Web site: www.mccoys.com.
Airbase Carpet & Tile Mart operates 11 locations throughout DE and PA. The stores, offering carpet, tile and floor coverings, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Deptford, NJ and in Exton/Downingtown areas in Chester County, Springfield in Delaware County, Oaks, Plymouth Meeting and King Prussia in Montgomery County, Oxford Square in Bucks County and in south Philadelphia, PA during the coming 18 months. Preferred demographics include a population of 80,000 within 10 miles. The company will only acquire sites. For more information, contact Michael Longwill, Airbase Carpet & Tile Mart, 230 North Dupont Highway, New Castle, DE 19720; 302-328-1597 Ext. 222, Fax 302-322-9151; Email: mlongwill@carpetmart.com; Web site: www.carpetmart.com. Sit N Sleep operates 32 locations throughout southern CA. The mattress shops prefer to occupy spaces of 13,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Larry Miller, Sit N Sleep, 14300 South Main Street, Gardena, CA 90248; 310-608-6838 Ext. 1800, Fax 310-7677884; Email: lmiller@earthlink.net; Web site: www.sitnsleep.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 19,302 locations with plans to open 1,342 sites • Real estate valued in excess of $125 million to be bought, sold & financed • Leasing activity on over 5.4 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
NATIONAL FOCUS New Construction Sabre Real Estate Group preleasing shopping centers and retail sites at four locations in NJ and NY....................................... Pg. 3 Legend Properties, Inc. preleasing entertainment center in PA.......................................... Pg. 3 Buyers and Sellers Cohen Real Estate brokered the sale of a Winn Dixie anchored center in FL................................ Pg.4 Who’s Opening and Where Jimmy Jazz to open additional locations throughout NJ.............. Pg. 5 Food Chains Expand Lee’s Hoagie House to enter MD Pg. 6 Lease Signings Miller Walker Retail Real Estate brokers deal with Del Frisco’s..... Pg. 7 Goodman Real Estate Services inks anchor deal with Gordmans Pg. 7 Sources of Financing National Retail Properties is funding single-tenant, net leased retail properties nationwide........ Pg. 8 Making the News Simply Fashion Stores, Ltd. hires Peter Hogan as director of real estate.......................................... Pg. 8 Lead Sheet Marty’s Shoes to enter CT........... Pg. 12 Tenant Reps and Exclusives R.J. Brunelli & Co. Inc. is representing Athena Learning Centers in the northeast and MidAtlantic Markets.......................... Pg. 14 Space Place................................ Pg. 14
QUALITY High Quality Grocery-Anchored Shopping Centers
Whether it’s redevelopment, property management, leasing or acquisitions, UBP makes sound, strategic decisions based on solid demographics, broad experience, and stable resources resulting one of the highest quality portfolios of assets in our industry.
GROWTH Exciting New Acquisition & Retail Opportunities
Year after year, UBP has consistently added well-located, quality shopping centers to our targeted portfolio, creating opportunities for investors and retailers alike. We seek additional grocery-anchored properties in communities surrounding New York City.
FOCUS NY Tri-State Market Area Dominance
UBP is a major grocery-anchored shopping center owner in the suburban Metro NY marketplace. UBP owns or has interests in 67 properties with a focus on Westchester, Putnam, Rockland and Nassau Counties, NY; Fairfield County, CT; and Bergen, Passaic and Essex Counties, NJ.
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NEW CONSTRUCTION Sabre Real Estate Group, LLC is preleasing a development situated on 13 acres along Broad Hollow Road in Farmingdale, NY. Anchor and inline spaces, as well as pad sites, are available. Area retailers include Walmart, Bed Bath & Beyond, Staples, Modell’s, T.J. Maxx, Starbucks, PC Richard & Son, Bob’s Discount Furniture, Rugs America, LA Fitness, TD Bank, PetSmart, Ace Hardware, Home Depot, Houlihans and Chipotle. Area demographics include a population of 358,124 within a fivemile radius earning $92,260 as the median household income. The average daily traffic
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count is 59,000 vehicles. The company is also preleasing a development situated on a land area of 15,000 sq.ft. along Northern Boulevard in Little Neck, NY. Up to 5,700 sq.ft. of space with a drive-thru is available. Area demographics include a population of 774,682 within five miles earning $82,874 as the median household income. The company is also preleasing a 40,000 sq.ft. development located at the intersection of Commack Road and Henry Street in Commack, NY. Area retail includes Costco, Target, Home Depot, Kohl’s, Walmart, Guitar Center and The Tile Shop. Area demographics include a population of 241,485 within a fivemile radius earning $99,154 as the median household income. The company is also preleasing a development situated on a 79,390 sq.ft. land area along Schuyler Avenue in Kearny, NJ. Pad sites and mid-size box spaces are available. Area retailers include CVS, Kmart, Bank of America, Marshalls, Dunkin’ Donuts, Lucille Roberts and Investor Bank. Area demographics include a population of 737,990 within a five-mile radius earning $51,737 as the median household income. For more information regarding the Farmingdale property, contact Douglas Bomzer, Michael Kearney or Scott Sher, Sabre Real Estate Group, LLC, 500 Old County Road, Garden City, NY 11530; 516-874-8070 Ext. 509/507 or 212-3240025; Emails: douglas@sabreny.com, michael@sabreny.com and scott@sabreny.com. For more information on the Little Neck property, contact Russel Helbling or Mark Gallucci; 516-874-8070 Ext. 506/508; Emails: russel@sabreny.com and mark@sabreny.com. For more information regarding the Commack property, contact Stu Fagen; 516-874-8070 Ext. 503; Email:
stu@sabreny.com. For more information regarding the Kearny property, contact Scott Sher or Russel Helbling. CBRE|Richmond is preleasing a 19,000 sq.ft. retail building at The Shoppes at Reynolds Crossing, a development anchored by a 90,000 sq.ft. Walmart and located at the intersection of Glenside Avenue and Forest Avenue in Richmond, VA. Reynolds Development is developing the site. The building is 70% preleased, and cotenants include Starbucks, Chipotle, Jersey Mike’s Gourmet Subs, Hair Cuttery, Ntelos Wireless, Lee Nails and Salad Works. The opening is slated for 2015. The site also features a 40,000 sq.ft. two-story office component. For more information, contact Joseph P. Marchetti Jr., CBRE|Richmond; 804-3205500; Email: joe.marchetti@cbre-richmond.com. Legend Properties, Inc. is preleasing Tannersville Entertainment Center, a 180,000 sq.ft. development located at the intersection of Route 715 and Interstate 80 in Tannersville, PA. Area retailers include Target, Kohl’s, T.J. Maxx, Bed Bath & Beyond, Lowe’s Home Improvement, Dick’s Sporting Goods, Michaels and Old Navy. Area demographics include a trade-area population of 254,293 earning $71,405 as the average household income. The average daily traffic count is 60,000 vehicles along Interstate 80. Area draws include The Crossings Premium Outlets, Camelback Ski Resort and Great Wolf Lodge. For more information, contact James DePetris, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034, Fax 610941-4038; Email: jdepetris@lpre.com; Web D site: www.lpre.com. M
The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2014 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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CBRE | Richmond is preleasing The Shoppes at Reynolds Crossing in Richmond, VA. June 20, 2014 | Page 3
BUYERS AND SELLERS Cohen Real Estate negotiated the sale of River Bay Plaza, a 79,288 sq.ft. neighborhood shopping center located in Riverview, FL. The site is anchored by Winn Dixie and cotenants include Aaron’s and Dollar Tree. Area demographics include a population of 163,000 within five miles earning $70,000 as the average household income. Area retailers include Walgreens, CVS and Lowe’s Home Improvement. The company represented both the buyer and seller in the transaction. For more information, contact Vera Thomas, Cohen Real Estate, 9 East 40th Street, 10th Floor, New York, NY 10016; 212-8035771; Email: thomas@cohenco.com.
Realty Pointe Co. is selling a freestanding 24,862 sq.ft. The Fresh Market, a grocery store located along West Sunrise Boulevard in Plantation, FL. The 12-year lease with options will commence September 2014. Area draws include Sawgrass Mills Shopping Mall. Area demographics include a trade area population within one mile earning $103,000 as the average household income. For more information, contact Alan Sakowitz, Realty Pointe Co., 1135 Kane Concourse, 3rd Floor, Bay Harbor Islands, FL 33154; 305-865-1923; Email: asakowitz@pointecompanies.com.
Upland Real Estate Group, Inc. is selling a Gander Mountain store, located off of East Moreland Boulevard in Waukesha, WI. Area retailers include Target, Menards and Carmax. Area demographics include a population of 117,900 within five miles earning $82,850 as the average household income. The asking price is $20.346 million with a Cap rate of 7.5%. For more information, contact Deb Vannelli, Upland Real Estate Group, Inc., 50 South Sixth Street, Suite 1418, Minneapolis, MN 55402; 612-376-4475; Email: deb@upland.com.
Frontline Real Estate Partners is selling a 6,685 sq.ft. strip center located along North Randall Road in Lake In The Hills, IL. Area demographics include a population of 159,051 within five miles earning $98,180 as the average household income. The asking price is $999,900. For more information, contact Matthew Tarshis, Frontline Real Estate Partners, 707 Skokie Boulevard, Suite 580, Northbrook, IL 60062; 847-542-9058, Fax 847-919-3816; Email: mtarshis@frontlinerepartners.com.
Capital Pacific is selling Northgate Shopping Center, a 34,333 sq.ft. shopping center situated on a land area of 2.88 acres and located in Corvallis, OR. The property is 100% occupied and anchored by Natural Grocers. The asking price is $7.02 million with a Cap rate of 7%. For more information, contact Sean Mack, Capital Pacific, 4260 Southwest Galewood Street, Suite A, Lake Oswego, OR 97035; 503-675-8378; Email: smack@capitalpacific.com.
Divaris Real Estate, Inc. is selling Shippensburg Marketplace, a 56,875 sq.ft. neighborhood shopping center located along Baltimore Road in Shippensburg, PA. The property is 94% leased and cotenants include Giant, GNC, Holiday Hair and PA Nails. The asking price is $11.15 million with a Cap rate of 8.25%. For more information, contact Gerald S. Divaris, Divaris Real Estate, Inc., One Columbus Center, Suite 700, Virginia Beach, VA 23462; 757-497-2113; Email: gdivaris@divaris.com.
The Katsias Co. is selling Bromley Shopping Center, situated on a land area of 5.592 acres, at the intersection of North Military Highway and Norview Avenue in Norfolk, VA. The property is 88.81% occupied with cotenants including Food Lion, Rent A Center and Dollar General. The asking price is $6.65 million. For more information, contact Brian C. Baker, The Katsias Co., 2901 South Lynnhaven Road, Suite 340, Virginia Beach, VA 23452; 757-490-3585, Fax 757-4903676; Web site: www.katsias.com. CBRE Capital Markets is selling Pemberton Plaza, a 27,052 sq.ft. center situated on a land area of 4.35 acres along Pemberton Square Boulevard in Vicksburg, MS. T.J. Maxx, Petsense and Citi Trends shadowanchor the shopping center. Kroger is located across the street front the site. The property is 88% occupied and cotenants include Newk’s Express Café, Anytime Fitness, Bestway Rent to Own, World Finance and Japenese Express Restaurant. For more information, contact James R. Morris, CBRE Capital Markets, 150 4th Avenue North, Suite 2110, Nashville, TN 37219; 615-248-1155; Email: jim.morris@cbre.com. Newmark Grubb Knight Frank is selling a 4,260 sq.ft. two-tenant retail/restaurant building located within Aliso Viejo Town Center along Aliso Creek Road in Aliso Viejo, CA. Tenants include Sharkey’s Mexican Grill and AT&T Mobility. The asking price is $4.2 million with a Cap rate of 4.55%. For more information, contact Ian Brown, Newmark Grubb Knight Frank, 4675 MacArthur Court, Suite 1600, Newport Beach, CA 92660; 949-608-2050; Email: ibrown@ngkf.com. Rubiola Mortgage and Realty is selling a 3.334 acre parcel of land located in Schertz, TX. Area retailers include Walgreens. The asking price is $1.85 million. For more information, contact Greg Rubiola, Rubiola Mortgage and Realty, 507 Austin Highway, San Antonio, TX 78209; 201-325-0152; Email: gregr@rubiola.com.
The Katsias Co. is selling Bromley Shopping Center in Norfolk, VA. Page 4 | June 20, 2014
Konover South, LLC negotiated the sale of Sunrise Plaza, a 21,488 sq.ft. center located in Sunrise, FL. The site was 93% leased with cotenants including Walgreens, Burger King and Subway at the time of the sale. The property was acquired for $5.05 million. For more information, contact David Coppa, Konover South, LLC, 431 Fairway Drive, Deerfield Beach, FL 33441; Web site: www.konoversouth.com. DM Dealmakers Magazine | www.dealmakers.net
WHO’S OPENING AND WHERE Nordstrom, Inc. (206-628-2111) is planning to open a 35,000 sq.ft. Nordstrom Rack store at Boulevard Consumer Square, a 650,000 sq.ft. shopping center located in Buffalo, NY during fall 2015. The company will join Bed Bath & Beyond, Target, Barnes & Noble, Lowe’s Home Improvement and Trader’s Joes at the site and will be the first location in western NY. The company is also planning to open a Nordstrom store along West 57th Street, between Broadway and Seventh Avenue, south of Central Park, in Manhattan, NY during 2018. It will be the company’s first full-line department store in New York, NY. The chain offers apparel, footwear and accessories for men and women, and currently operates more than 270 locations nationwide throughout 36 states, trading as Nordstrom at 117 locations, Nordstrom Rack at 150 locations, Jeffrey boutique at two locations and one clearance outlet. Cabela’s, Inc. (308-254-5505) is planning to open a 97,500 sq.ft. Cabela’s to anchor West Broad Marketplace, a proposed 60 acre development located at the intersection of West Broad Street and Gayton Road in western Henrico County, VA during spring 2016. The chain, offering hunting, fishing, camping, hiking and other outdoor-related equipment, apparel and gear, currently operates more than 50 locations nationwide. Gander Mountain (888-542-6337) is planning to open a 52,000 sq.ft. store at the intersection of Montwood Drive and Joe Battle Boulevard in El Paso, TX during spring 2015. It will be the company’s 18th location in the state. The company, offering hunting, fishing, camping, hiking, boating and other outdoor-related equipment, apparel and gear, currently operates 140 locations throughout 25 states nationwide.
Whole Foods Market, Inc. (512-477-4455) is planning to open a 43,000 sq.ft. Whole Foods Market at Westford Valley Marketplace, a 143,000 sq.ft. shopping center located along Littleton Road in Westford, MA during 2016. The company will join CVS, JoAnn Fabrics and Olympia Sports at the site. The company is also slated to open eight Whole Foods Market supermarkets throughout NJ, including an opening in Wall Township during 2016. Plans also call for a 30,000 sq.ft. store to open at City Hyde Park, a 110,000 sq.ft. development located along East Hyde Park Boulevard in the Hyde Park neighborhood of Chicago, IL during summer 2016. The chain, offering organic and natural food items, currently operates 379 specialty supermarkets nationwide, and in Canada and the United Kingdom. First Watch (941-907-9800) is planning to open a 3,500 sq.ft. restaurant at The Macedonia Marketplace, located at the intersection of Route 82 and Route 8 in Macedonia, OH during spring 2015. The restaurant will feature outdoor patio space. The chain, offering breakfast, brunch and lunch, currently operates six locations throughout Cleveland, OH, including Westlake, Rocky River, Mayfield Heights, Fairlawn, University Heights and Solon. BJ’s Restaurants, Inc. (714-500-2400) is planning to open six more restaurants throughout the rest of the year. The company currently operates 151 locations under the trade-names BJ’s Restaurant & Brewery, BJ’s Restaurant & Brewhouse, BJ’s Pizza & Grill and BJ’s Grill throughout AR, AZ, CA, CO, FL, IN, KS, KY, LA, MD, NM, NV, OH, OK, OR, TX, VA and WA.
Costco Wholesale Corp. (425-313-8100) is planning to open a 148,000 sq.ft. Costco Wholesale at the Shops at Stonefield in Charlottesville, VA during summer 2015. The location will feature a 16-pump fuel station. The company offers bulk food items, family apparel, household goods and furniture, as well as automotive and pharmacy services. L.L. Bean, Inc. (800-441-5713) is planning to open three more L.L. Bean locations throughout the rest of the year. The company, offering family apparel and footwear, luggage, home décor and furnishings, hunting and fishing gear, as well as camping and outdoor products currently operates 19 locations. Shoe Carnival, Inc. (800-430-7463) is planning to open 30 to 35 Shoe Carnival stores during fiscal 2014. The company D offers footwear and accessories. M
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Jimmy Jazz (201-751-8732) is planning to open locations throughout NJ during the coming 12 months. The chain offers urban and street wear apparel, accessories and footwear and currently operates more than 170 locations throughout the eastern region of the U.S., including two locations in NJ and 30 locations throughout the New York, NY metropolitan area. Macy’s, Inc. (513-579-7000) is planning to open a 120,000 sq.ft. Bloomingdale’s and a 195,000 sq.ft. Macy’s as anchor tenants at Miami Worldcenter, a 750,000 sq.ft. mixeduse development in Miami, FL during late 2016. The development will also feature an 1,800-unit hotel component and 600,000 sq.ft. of convention space. Dealmakers Magazine | www.dealmakers.net
Costco Wholesale is planning to open a store in Charlottesville, VA during summer 2015. June 20, 2014 | Page 5
FOOD CHAINS EXPAND NATIONWIDE Sizzler Restaurants USA, Inc. trades as Sizzler Steakhouse at 150 locations in the U.S. and in Puerto Rico. The restaurants, offering steaks, seafood and salads, occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in endcaps of shopping centers and pad sites, as well as 6,500 sq.ft. in freestanding locations. Plans call for one to three openings throughout southern and northern CA during the coming 18 months, with representation by Lee & Associates. Preferred cotenants include grocery stores. Typical leases run 20 years. Preferred demographics include a population of 150,000 within a five-mile radius earning $65,000 as the median household income. Major competitors include Applebee’s, Marie Callendar’s, Olive Garden, Red Lobster and Ruby Tuesday. For more information, contact Bo Havlik, Lee & Associates, 1900 Wright Place, Suite 200, Carlsbad, CA 92008; 760-448-2454, Fax 760-929-9977; Email: bhavlik@lee-associates.com; Web site: www.lee-associates.com. Hamra Enterprises trades as Panera Bread at 60 locations throughout MO. The casual dining restaurants occupy 4,500 sq.ft. in inline spaces of shopping centers. Growth opportunities are sought throughout Cook and DuPage counties in IL during the coming 18 months. Preferred demographics include a population of 25,000 within two miles earning $40,000 as the average household income. For more information, contact Ben Kaplan, Hamra Enterprises, 1855 South Ingram Mill Road, Springfield, MO 65804; 417-887-7677, Fax 417-890-5397; Email: bkaplan@hamraenterprises.com; Web site: www.panerabread.com.
Captain D’s Seafood operates more than 510 locations throughout 26 states nationwide. The seafood restaurants prefer to occupy freestanding locations on land areas of 0.7 acres to one acre. Growth opportunities are sought throughout central NC during the coming 18 months, with representation by Retail Rep. Krispy Kreme operates more than 800 locations nationwide, as well as internationally. The doughnut shops occupy spaces of 2,500 sq.ft. to 3,200 sq.ft. in freestanding locations and pad sites. Growth opportunities are sought throughout NC during the coming 18 months, with representation by Retail Rep. Papa Murphy’s operates more than 1,400 locations throughout 38 states nationwide, as well as in Canada and internationally. The pizzerias occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in neighborhood centers. Growth opportunities are sought throughout NC and SC during the coming 18 months, with representation by Retail Rep. Preferred cotenants include grocery stores. For more information, contact Brian Grabowski, Retail Rep, 240 The Glades, Chapel Hill, NC 27517; 919-674-2000; Email: brian@retail-rep.com; Web site: www.retail-rep.com. Insomnia Cookies operates more than 26 locations throughout the eastern and Midwestern regions of the U.S. The cookie shops occupy 400 sq.ft. to 1,000 sq.ft. endcaps or inline spaces of shopping centers. Growth opportunities are sought throughout the New England region of the U.S. during the coming 18 months, with representation by Vantage Point Retail. For more information, contact Martin Benoit, Vantage Point Retail, 104 Chilton Street, Cambridge, MA 02138; 617-8775257; Email: martin@vantagepointretail.com.
N.F. Enterprises trades as IHOP at three locations in Bronx, Cortland and Westchester, NY. The restaurants prefer to occupy 4,000 sq.ft. to 6,000 sq.ft. endcaps and inline spaces of shopping centers, freestanding locations and downtown areas. Growth opportunities are sought throughout the New York, NY metropolitan area, as well as Westchester, NY during the coming 18 months, with representation by Great American Brokerage. Preferred demographics include a population of 150,000 within a three-mile radius. For more information, contact Paul Fetscher, Great American Brokerage, 100 West Park Avenue, Suite 309, Long Beach, NY 11561; 516-889-7200; Email: gtamerican@aol.com; Web site: www.restaurantexpert.com. Moe’s Southwestern Grill operates 500 locations nationwide and internationally. The restaurants occupy spaces of 2,400 sq.ft. to 2,800 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout DE, southern NJ and eastern PA during the coming 18 months, with representation by Legend Properties, Inc. The company prefers to locate near schools, office parks or hospitals. Preferred demographics include a population of 30,000 within a two-mile radius earning $50,000 as the average household income. Outdoor patio seating is preferred. For more information, contact David DePetris, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 856-231-1010; Email: ddepetris@lpre.com; Web site: www.lpre.com. Lee’s Hoagie House, Inc. trades as Lee’s Hoagie House at 17 locations throughout NJ and PA. The sandwich shops prefer to occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in strip centers, freestanding locations and urban/ downtown areas. Growth opportunities are sought throughout MD, NJ and PA during the coming 18 months. Typical leases run 10 years. The company is franchising. For more information, contact John Connell, Lee’s Hoagie House, Inc., 26 Second Street Pike, Southampton, PA 18966; 215-742-8111, Fax 215-322-2537; Email: info@leeshoagiehouse.com; Web site: www.leeshoagiehouse.com. DM
DOWNLOAD OUR MOBILE APP AND STAY UPDATED! IHOP is seeking growth opportunities throughout the New York, NY metropolitan area, as well as Westchester, NY during the coming 18 months. Page 6 | June 20, 2014
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LEASE SIGNINGS Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated the following leases throughout WI: with GNC for 1,721 sq.ft. at Southport, located along Green Bay Road in Kenosha, with Teresa Shemitis of Mid-America Real Estate – Wisconsin, LLC representing the landlord in the transaction; with TSKF Kung Fu Academy for 2,525 sq.ft. at Triangle Plaza, located along West Capitol Drive in Brookfield, with Andrew Prater of Mid-America Real Estate – Wisconsin, LLC representing the landlord in the transaction; with 9 Round for 1,900 sq.ft. at Shops of Grand Avenue, located along West Wisconsin Avenue in Milwaukee, with Teresa Shemitis and Dan Rosenfeld of Mid-America Real Estate – Wisconsin, LLC representing the landlord in the transaction; with Athletico for 3,900 sq.ft. along West North Avenue in Wauwatosa, with Tony Colvin of Mid-America Real Estate – Wisconsin, LLC representing the tenant in the transaction and with America’s Best Contacts & Eyeglasses for 3,200 sq.ft. at Brown Deer Center in Brown Deer, with Adam Dreier of Mid-America Real Estate – Wisconsin, LLC representing the tenant in the transaction.
Velocity Retail Group, LLC (602-682-6020) negotiated the following leases throughout AZ: a five-year lease with Hut No. 8 for 3,428 sq.ft. at the intersection of Warner Road and Val Vista Road in Gilbert, with Larry Miller, John Jackson and Michael Clark of Velocity Retail Group, LLC representing the landlord, North American Development Group, and Mark Camara of APE Realty representing the tenant in the transaction and a 10-year lease with European Wax Center for 1,681 sq.ft. at Boardwalk at Anderson Springs, located along West Ray Road in Chandler, with Larry Miller and John Jackson representing the tenant and Shelby Tworek and Gabe Ortega of NAI Horizon representing the landlord in the transaction. First Western Properties (773-545-2000) negotiated a lease with Yamato Luxury Spa for 1,836 sq.ft. in Chicago, IL; with T-Mobile for 674 sq.ft. in Melrose Park, IL and with Dotty’s for 1,000 sq.ft. in Oak Lawn Park, IL. Miller Walker Retail Real Estate (202333-0303) recently negotiated a lease with Del Frisco’s for space at CityCenter DC in Washington, DC.
Goodman Real Estate Services Group, LLC (216-381-8200) recently negotiated a lease with Gordmans to anchor Marketplace at Four Corners in Bainbridge, OH. Steve Altemare of Goodman Real Estate Services Group, LLC represented the tenant in the transaction. The company also negotiated a lease with Giant Eagle’s GetGo for space at the intersection of Drake Road and Pearl Road in Strongsville, OH. Randall Goodman and Robert Yaskanich of Goodman Real Estate Services Group, LLC represented the tenant in the transaction. LMS Commercial Real Estate (717-569-9373) negotiated a lease with S.S. Vape for 900 sq.ft. at The Crossroads, a 278,976 sq.ft. power center anchored by HomeGoods, LA Fitness, hh Gregg and PetSmart and located at the intersection of Route 30 and Interstate 83 in York, PA. Travis Riley of LMS Commercial Real Estate represented the tenant in the transaction. Paramount Partners, LLC (781-848-1550) recently negotiated a lease with CVS for space along Washington Street in Braintree, MA. Deborah Meyers and Walter Steinkrauss of Paramount Partners, LLC represented the D landlord in the transaction. M
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June 20, 2014 | Page 7
HOME-RELATED CHAINS EXPAND NATIONWIDE (continued from page one)
Mor Furniture For Less, Inc. trades as Mor Furniture For Less at 29 locations throughout AZ, CA, ID, NM, NV, OR and WA. The furniture stores occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations, power and value centers. Growth opportunities are sought throughout AZ, CA, OR and WA during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include Home Depot, Ross Dress for Less, Target and Walmart. Preferred demographics include a population of 400,000 within 25 miles earning $50,000 as the average household income. For more information, contact Rick Haux Sr., Mor Furniture For Less, 8996 Miramar Road, Suite 310, San Diego, CA 92126; 858-444-3601, Fax 858-547-1613; Email: ricksr@morfuniture.com; Web site: www.morfurniture.com. Tuesday Morning operates 810 locations nationwide. The stores, offering home décor, seasonal merchandise, garden accessories, dinnerware, frames, luggage and lamps, occupy spaces of 12,500 sq.ft. in freestanding locations, entertainment, lifestyle, power, strip, tourist and value centers, as well as urban/downtown areas. Typical leases run five years with three, five-year options. A vanilla shell is preferred. Preferred demographics include a population of 175,000 within five miles earning an upper median household income. The company will consider sites above 10,000 sq.ft. and requires a minimum of 50 dedicated parking spaces. For more information regarding expansion throughout CT, DE, FL, MA, MD, ME, NH, NJ, NY, PA, RI, VA and VT, contact Cory Bird, Tuesday Morning, 6250 LBJ
Freeway, Dallas, TX 75240; 800-4570099; Email: cbird@tuesdaymorning.com; Web site: www.tuesdaymorning.com. For more information regarding expansion throughout AL, AR, GA, LA, MS, NC, OK, SC and TN, contact Andy Goldblatt, Email: agoldblatt@tuesdaymorning.com. For more information regarding expansion throughout AZ, CA, ID, MT, NV, OR, UT, WA and WY, contact Susan Forrester, Email: sforrester@tuesdaymorning.com. For more information regarding expansion throughout IL, IN, KY, MI, OH, TX, WI and WV, contact Tim Wimberly, Email: twimberly@tuesdaymorning.com. For more information regarding expansion throughout CO, IA, KS, MO, MN, ND, NE, NM and SD, contact Josh Kohler, Email: jkohler@tuesdaymonring.com. Warehouse Home Furnishings Dist. Inc., trades as Farmers Home Furniture at 180 locations throughout AL, FL, GA, NC and SC. The stores, offering furniture, appliances and home décor items, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout AL during the coming 18 months. Typical leases run five years with options. A vanilla shell is required. Preferred cotenants include Big Lots, Dollar General, Dollar Tree and grocery stores. Preferred demographics include a population of 5,000 to 30,000 households within eight miles earning $35,000 as the average household income. For more information, contact Robert Garrett, Warehouse Home Furnishings Dist. Inc., 1851 Telfair Street, Dublin, GA 31021; 478-275-6137, Fax 478-275-6136; Email: rgarrett@farmersfurniture.com; Web site: www.farmersfurniture.com. DM
SOURCES OF FINANCING
National Retail Properties is funding singletenant, net leased retail properties nationwide. For more information, contact David Reif or Brian Cooper, National Retail Properties; 407-650-1156/1206; Emails: david.reif@nnnreit.com and brian.cooper@nnnreit.com; Web site: www.nnnreit.com. Amerifund Commercial Corp. offers up to $5 million in financing for retail, office and residential properties nationwide. Loans feature terms of up to 30 years, amortization periods of up to 30 years, loan-to-value ratios of up to 75% and five year or 10 year options for loans 15 years or greater. For more information, contact Maury Gordon, Amerifund Commercial Corp., 41 Shepherds Drive, Scarsdale, NY 105837016; 914-472-7315, Fax 914-472-8035; Email: mgordon@amerifundcorp.com; Web site: www.amerifundcorp.com. DM
REAL ESTATE PROFESSIONALS MAKING THE NEWS CBRE (212-984-8267) announced that Dr. Richard Barkham is joining the company as a global chief economist. In his new role, Barkham will work with the company’s senior executives to lead the development of the firm’s global economic, financial and real estate market trends. The company specializes in sales, leasing, project management, mortgage banking, development, investment management and consulting services. Simply Fashion Stores, Ltd. (205-951-1700) recently hired Peter Hogan as director of real estate. In his new role, Hogan will be responsible for site selection, data analysis and lease review/ negotiations of 23 states nationwide. Prior to joining the company, Hogan served at Cato Corp. The company offers women’s apparel, accessories and footwear. Sperry Van Ness - Miller Commercial Real Estate (410-543-2440) recently promoted Rick Tilghman to director of business development and property manager at the firm’s Salisbury, MD office. In his new position, Tilghman will work on expanding the company’s focus market beyond the Delmarva Peninsula region of the U.S. The company manages more than two-million sq.ft. of retail, office and multifamily properties nationwide.
Farmers Home Furniture is seeking growth opportunities throughout AL during the coming 18 months. Page 8 | June 20, 2014
Calkain Cos. (703-787-4714) recently opened an office in Atlanta, GA. Stephen Counts and Hunter Roquemore will oversee D the company’s new location. M Dealmakers Magazine | www.dealmakers.net
LEAD SHEET Ross Dress for Less Tom Breen c/o Epsteen & Associates 1429 4th Street Santa Monica, CA 90401 310-451-8171 Ext. 233 Email: tbreen@epsteen.com Web site: www.epsteen.com
Apparel The 1,172-unit chain operates locations nationwide in 33 states and in Guam. The stores, offering discounted apparel for men and women, as well as footwear, accessories and home dĂŠcor, occupy spaces of 21,000 sq.ft. to 25,000 sq.ft. in freestanding locations and inline spaces of anchored shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Epsteen & Associates.
Daniels Tire Service, Inc. John Daniels 11850 East Slauson Avenue Santa Fe Springs, CA 90670 562-698-9401 Email: danielstireservice@gmail.com Web site: www.danielstireservice.com
Automotive The 14-unit chain operates locations throughout southern CA. The automotive service centers occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Realty Investors, Inc. dba Tire Choice Michael Glusman 7740 Montecito Place Delray Beach, FL 33446 561-865-9143, Fax 561-499-8101 Email: maglusman@aol.com
Automotive The 34-unit chain operates locations throughout FL. The automotive and tire repair service centers occupy spaces of 5,250 sq.ft. to 6,250 sq.ft. in various retail settings. Growth opportunities are sought throughout Broward and Palm Beach counties in FL during the coming 18 months. Preferred cotenants include Home Depot, Walmart and Target. Major competitors include Tire Kingdom and Bridgestone/Firestone. The company will acquire sites or ground lease.
Somerset Tire Service, Inc. dba STS Tire and Auto Center Ted Haase 1 STS Drive / PO Box 5936 Bridgewater, NJ 08807 732-356-8500 Ext. 353, Fax 732-356-8821 Email: thaase@ststire.com Web site: www.ststire.com
Automotive The 150-unit chain operates locations throughout NJ, NY and PA. The automotive tire and service centers occupy spaces of 5,600 sq.ft. in freestanding locations. Plans call for 15 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 30,000 within three miles earning $60,000 as the average household income. Major competitors include Goodyear and Firestone. A land area of one acre is required.
Tietgens Enterprises dba Super Wash Ed Tietgens 707 Brass Lantern Place Brentwood, TN 37027 615-373-0769, Fax 615-373-7325
Automotive The two-unit chain operates locations throughout central TN. The car wash facilities occupy spaces of 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in small, rural areas with high traffic counts.
Circle K Stores, Inc. – Florida Region dba Circle K Edward Giunta II 12911 North Telecom Parkway Tampa, FL 33637 813-910-5307, Fax 813-910-6912 Email: egiunta@circlek.com Web site: www.circlekflorida.com
Convenience The 3,300-chain operates locations nationwide and internationally. The convenience stores, with gasoline facilities, occupy spaces of 4,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout FL during the coming 18 months. A land area of 1.25 to three acres is required. The company is franchising. For more information regarding expansion in southeastern FL, from Volusia County to Martin County, contact Ryan Plate, 813-910-5304, Email: rplate@circlek.com. For more information regarding expansion in southwestern FL, from Manatee to Collier County, contact Jon Christiansen, 813-318-2688, Email: jchristi@circlek.com.
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June 20, 2014 | Page 9
LEAD SHEET E-Z Stop Food Marts, Inc. dba E-Z Stop Tommy Hunt PO Box 6618 Maryville, TN 37802 865-977-7070, Fax 865-982-3271 Email: tommy@ezstop.net Web site: www.ezstop.net
Convenience The 23-unit chain operates locations throughout TN. The convenience stores, with gasoline facilities, occupy spaces of 2,500 sq.ft. to 6,000 sq.ft. in freestanding locations. Plans call for one to two openings throughout the existing market during the coming 18 months. Preferred cotenants include quick service restaurants. Major competitors include Pilot, RaceTrac and Weigles. A land area of one-acre is required.
Loco, Inc. dba Loco Food Stores Tom Hoffman or Rob Lipson 2249 Broadway #10 Grand Junction, CO 81507 970-242-5857, Fax 970-245-7570 Email: thoffman@gjloco.com Web site: www.gjloco.com
Convenience The 20-unit chain operates locations throughout CO and eastern UT. The convenience stores occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout western CO and eastern UT during the coming 18 months. A land area of one to 1.5 acres is required.
Schmuckal Oil Co. dba Shell Mini-Mart Paul Schmuckal 1516 Barlow Traverse City, MI 49686 231-946-2800, Fax 231-941-7435 Email: pschmuckal@schmuckaloil.com Web site: www.schmuckaloil.com
Convenience The 26-unit chain operates locations throughout MI. The convenience stores occupy spaces of 2,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout northwestern MI during the coming 18 months. A land area of 1.5 acres is required. The company prefers to locate in corner locations with strong visibility and high traffic counts.
Bealls, Inc. dba Bealls Outlet and Burkes Outlet Phil Knuth 700 13th Avenue East Bradenton, FL 34208 941-744-4719, Fax 941-744-4931 Email: pknuth@beallsinc.com Web site: www.beallsinc.com
Department Store The 450-unit chain operates locations throughout AL, AR, AZ, FL, GA, KY, LA, MS, NC, NM, NV, SC, TN, TX, VA and WV. The stores, offering family apparel, footwear, accessories and home dĂŠcor items, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in power, lifestyle and strip centers. Plans call for 40 openings throughout AL, FL, GA, LA and MS during the coming 18 months. Typical leases run 20 to 25 years. Preferred demographics include a population of 75,000 within a 10-minute drive-time earning $40,000 to $75,000 as the average household income. For information regarding expansion throughout southeastern FL, contact Steven Miller, The Rotella Group, Email: steve@rotellagroup.com. For information regarding expansion throughout AL, AR, GA, LA and MS, contact Monetha Cobb or Sterling Hale, Franklin Street Real Estate Services, Emails: monetha.cobb@franklinst.com and sterling.hale@franklinst.com.
99 Cents Only Stores Jesse Allen 4000 Union Pacific Avenue City of Commerce, CA 90023 323-881-1258, Fax 323-307-9636 Email: jessea@99only.com Web site: www.99only.com
Discount The 348-unit chain operates locations throughout AZ, CA, NV and TX. The stores, offering discounted general merchandise, occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in freestanding locations, neighborhood and power centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 70,000 within one mile earning $40,000 as the average household income.
Dollar Tree Stores, Inc. dba Dollar Tree Todd Littler 500 Volvo Parkway Chesapeake, VA 23320 757-321-5000, Fax 757-321-5220 Email: leasing@dollartree.com Web site: www.dollartree.com
Discount The 4,992-unit chain operates locations nationwide in 48 states and in Canada. The stores, offering discounted general merchandise, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations, power, strip and value centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years. Preferred cotenants include Target, Walmart and grocery stores. Preferred demographics include a population of 20,000 within five miles earning $25,000 to $60,000 as the average household income. For more information regarding expansion throughout the northwest region of the U.S., contact Chris Teeter, 757-321-5664. For more information regarding expansion throughout the southeast region of the U.S., contact Kenny Palmer, 757-321-5162. For more information regarding expansion throughout the Midwestern region of the U.S., contact Dennis Denam, 757-321-5165. For more information regarding expansion throughout the southwestern region of the U.S., contact Jeff Forman, 310-793-6473. For more information regarding expansion throughout the south central region of the U.S., contact Terry Erney, 757-321-5618. For more information regarding expansion throughout northeastern region of the U.S., contact Lori Teeter, 757-321-5879.
Page 10 | June 20, 2014
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LEAD SHEET B & B Movie Theatres, LLC dba B & B Theatres Dennis McIntire PO Box 129 / 2101 West Kansas Liberty, MO 64068 816-407-7469, Fax 816-407-9805 Email: dennis.mcintire@bbtheatres.com Web site: www.bbtheatres.com
Entertainment The 33-unit chain operates locations throughout FL, KS, MO, OK and TX. The movie theaters occupy spaces of 13,000 sq.ft. to 45,000 sq.ft. in freestanding locations, malls, entertainment and strip centers. Plans call for two to three openings throughout the Midwestern region of the U.S. during the coming 18 months. Typical leases run 20 years.
Mann Theaters, Inc. dba Mann Theaters Steve Mann 900 East 80th Street Bloomington, MN 55420 952-767-0102, Fax 952-767-0103 Email: info@manntheatresmn.com Web site: www.manntheatresmn.com
Entertainment The 10-unit chain operates locations throughout MN. The movie theaters occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations, regional malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Prime Sites, Inc. dba Five & Dime General Store Daniel O’Grady 1660 South Bayshore Court, Suite 101 Coconut Grove, FL 33133 Email: dogrady@primesitesfl.com Web site: www.primesitesfl.com
General Merchandise The nine-unit chain operates locations throughout CA, FL, GA, KS, MO, NM, SC and TX. The stores, offering souvenirs, tourist and travel items, beverages, snacks and office supplies, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in tourist centers. Growth opportunities are sought nationwide during the coming 18 months. The company prefers to locate in high traffic tourist markets. The company prefers site submittals sent via email.
Ben Moss Jewelers Western Canada Ltd. dba Ben Moss Jewelers Christopher Alto 300-201 Portage Avenue Winnipeg, Manitoba, Canada R3B 3K6 204-988-0111, Fax 204-988-0148 Email: chrisa@benmoss.com Web site: www.benmoss.com
Jewelry The 64-unit chain operates locations throughout Canada. The jewelry stores occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months.
Jared – The Galleria of Jewelry John Dennis c/o Corporate Realty Advisors 92 High Street, Suite 1 Medford, MA 02155 781-396-5400, Fax 781-396-0888 Web site: www.crausa.com
Jewelry The 200-unit chain operates locations nationwide throughout 39 states. The jewelry stores occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the New England region of the U.S. during the coming 18 months, with representation by Corporate Realty Advisors.
Pet Supplies Plus (franchisee) Brian Grabowski c/o Retail Rep 240 The Glades Chapel Hill, NC 27517 919-674-2000 Email: brian@retail-rep.com Web site: www.retail-rep.com
Pet Supplies The 300-unit chain operates locations nationwide throughout 23 states. The pet supply stores occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in community centers. Growth opportunities are sought throughout central NC during the coming 18 months. Expansion is franchisedriven.
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June 20, 2014 | Page 11
LEAD SHEET DSW c/o Katz & Associates One Blue Hill Plaza, Suite 1440 Pearl River, NY 10965 845-735-6666 Web site: www.katzassociates.com
Shoes The 410-unit chain operates locations nationwide in 42 states. The stores, offering footwear and accessories, occupy spaces of 17,500 sq.ft. to 22,000 sq.ft. in freestanding locations and power strip centers. Growth opportunities are sought during the coming 18 months, with representation by Katz & Associates. For more information regarding expansion throughout CT, DE, NJ, NY and eastern PA, contact Brian Katz, 845-735-6666, Email: briankatz@dkatz. com. For more information regarding expansion throughout AL, AR, FL, KY, LA, MI, MS, TN and Puerto Rico, contact Martin Hennessy. For more information regarding expansion throughout GA, NC and SC, contact Julie Gardner.
M & J Shoes, LLC dba Marty’s Shoes John Adams or Gary Kennedy 121 Carver Avenue Westwood, NJ 07675 201-497-6634 Web site: www.martyshoes.com
Shoes The 21-unit chain operates locations throughout NJ and NY. The stores, offering family footwear, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding locations, specialty and strip centers. Growth opportunities are sought throughout CT, NJ and NY during the coming 18 months. Typical leases run 15 years. A vanilla shell and specific improvements are required. Major competitors include DSW, Famous Footwear and department stores.
Rack Room Shoes, Inc. dba Rack Room Shoes and Off Broadway Shoe Warehouse Sheryl Vickers c/o Merrill Cos. 6240 West 135th Street Overland Park, KS 66223 913-338-3800 Email: sheryl@merrillcompanies.com
Shoes The chain operates more than 460 locations nationwide. Rack Room Shoes prefers to occupy spaces 6,000 sq.ft. to 7,000 sq.ft. and Off Broadway Shoe Warehouse prefers to occupy spaces of 18,000 sq.ft. to 20,000 sq.ft. in inline spaces of shopping centers. Growth opportunities are sought throughout IA, KS, the Kansas City metropolitan area of MO and NE during the coming 18 months, with Merrill Cos. The company will only locate within inline spaces of shopping centers between fashion retailers and anchored by soft goods retailers.
World Class Footwear dba Battaglia and Battaglia Outdoors Barry Hanna 14951 South Dixie Highway Miami, FL 33176 800-994-7463/305-252-7463, Fax 305-252-7460 Web site: www.battagliashoe.com
Shoes The eight-unit chain operates locations throughout FL. The stores, offering footwear and accessories, occupy spaces of 1,700 sq.ft. to 8,000 sq.ft. in freestanding locations, malls and specialty centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Ellison Ballet – Professional Training Program Robert King c/o Optimal Spaces, Inc. 57 West 38th Street, 10th Floor New York, NY 10018 212-258-2700 Ext. 321 Email: rking@optimalspaces.com Web site: www.ellisonballet.org
Specialty The ballet studio operates a location in New York, NY. The company is seeking to occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in downtown areas. Growth opportunities are sought throughout Manhattan and downtown Brooklyn, NY during the coming 18 months, with representation by Optimal Spaces, Inc. A minimum of 12 ft. ceiling heights and 30 ft. of wide column spacing is required. The company prefers to locate close to public transportation.
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 | June 20, 2014
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TENANT REPS AND EXCLUSIVES Baum Realty (312-275-3130) is representing Tide Dry Cleaners with its expansion plans throughout the metropolitan area of Chicago, IL and northwestern IN. The dry cleaning facilities prefer to occupy spaces 2,800 sq.ft. to 3,000 sq.ft. in endcaps of shopping centers and pad sites of 0.75 acres. The firm is also representing Teavana with its expansion plans in Chicago, IL. The company, offering tea and tea-related items, occupies spaces of 1,800 sq.ft. to 2,500 sq.ft. in urban store fronts. The company is also representing PL$ with its expansion plans throughout Aurora, Calumet City, the Jefferson Park, South Shore and Chatham neighborhoods, as well as western Chicago, Joilet, McHenry, Melrose Park and South Holland areas of IL. The check cashing and loan stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in endcaps of shopping centers. Preferred cotenants include grocery stores. The company is also representing Pet Stuff with its expansion plans throughout the Streeterville, River North and Gold Coast areas of IL. The pet supply stores utilize spaces of 800 sq.ft. to 1,600 sq.ft. in endcaps of shopping centers or corner locations near grocery stores, banks and other large consumer driven cotenants. The firm is also representing Hill Country Barbeque Market with its expansion plans
throughout River North and Bucktown/Wicker Park areas in IL. The restaurants utilize spaces of 12,000 sq.ft. to 16,000 sq.ft. with outdoor seating. The company is also representing Foss Swim School with its expansion plans north of Route 64 in Chicago, IL in spaces of 7,000 sq.ft. to 10,000 sq.ft. R.J. Brunelli & Co., Inc. (732-721-5800) is representing Athena Learning Centers with its expansion plans throughout the northeastern and mid-Atlantic regions of the U.S. The five-unit chain of child learning centers prefers to occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in endcaps of shopping centers or pad sites along major corridors. The company is also representing Burger King with its expansion plans throughout Hunterdon, Middlesex, Monmouth, Ocean and Somerset counties in NJ. The fast-food restaurants prefer to utilize spaces of 3,000 sq.ft. to 3,500 sq.ft. in shopping centers or freestanding locations with a drive-thru. Renaud Consulting (571-765-4426) is representing Noufal Haircolor Studio, a fullservice hair salon, with expansion plans in spaces of 2,500 sq.ft. to 3,500 sq.ft. throughout northern VA and Washington, DC. DM
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SPACE PLACE Arizona Phoenix – Tatum Shoppes, located at the intersection of Tatum Boulevard and Greenway Road, has a space available. Cotenants include Classy Smokes, Smoothie King and Mind Body Yoga. Area demographics include a population of 222,879 within five miles earning $84,947 as the average household income. For more information, contact Casey Cupp, Sandor Development, 10689 North Pennsylvania Street, Suite 100, Indianapolis, IN 46280; 317-524-7834, Fax 317-9270729; Email: ccupp@sandordev.com; Web site: www.sandordev.com.
California Arleta – A 10,000 sq.ft. freestanding building is available at the intersection of Woodman Avenue and Osborne Street. Area retailers include Vallarta Supermarkets, McDonald’s, Jack in the Box and CVS. Area demographics include a population of 733,443 within five miles earning $62,391 as the average household income. Los Angeles – A potential restaurant space is available along Melrose Avenue. Area demographics include a population of 1.076 million within five miles earning $57,719 as the average household income. For more information regarding the Arleta property, contact Eric Friedland or Todd Nathanson, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 Ext. 122/101, Fax 818-501-2202; Email: eric@illicre.com; Web site: www.illicre.com. For more information regarding the Los Angeles property, contact George Ross or Jeffrey Shore, 818-501-2212 Ext. 115/105; Email: george@illicre.com. Chino – Rancho del Chino, located at the intersection of Ramona Avenue and Eucalyptus Avenue, has spaces from 1,372 sq.ft. to 4,900 sq.ft. available. Cotenants include Home Depot, JC Penney, Scottrade, Happy Nails and McDonald’s. Area demographics include a population of 243,374 within five miles earning $89,444 as the average household income. For more information, contact Thomas Tway, Terry Bortnick or Daniel Firtel, Argent Retail Advisors, 888-301-1888 Ext. 4/2/3; Email: ttway@argentretailadvisors.com; Web site: www.argentretailadvisors.com.
Florida Longwood – Springs Plaza, located at the intersection of State Road 434 and Wekiva Springs Road, has a space of 1,112 sq.ft. Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Florida
Illinois
Kentucky
available. Area demographics include a population of 177,982 within five miles earning $75,128 as the average household income. The average daily traffic count is 41,575 vehicles. Orlando – Herndon Village Shoppes, a 63,461 sq.ft. center located at the intersection of East Colonial Drive and Humphries Avenue, has spaces available. Area demographics include a population of 292,708 within five miles earning $60,557 as the average household income. The average daily traffic count is 69,485 vehicles. The asking rent is $16 psf NNN. For more information regarding Springs Plaza, contact Vanesa Cortes or Willow Shambeck, Cursor Realty Commercial, 407622-7772; Email: willow@cursorflorida. com; Web site: www.cursorflorida.com. For more information regarding Herndon Village Shoppes, contact Jacqueline Pace; Email: jackie@cursorflorida.com.
West North Avenue and North 25th Avenue. Area demographics include a population of 462,901 within five miles earning $77,735 as the average household income. For more information, contact Doug Renner or Trevor Jack, Baum Realty Group, 312-275-3137/3128; Email: doug.renner@baumrealty.com; Web site: www.baumrealty.com.
0848; Email: cvoelkert@naiisaac.com; Web site: www.naiisaac.com.
Illinois Bloomington – Washington Commons, located at the intersection of Washington Street and Veterans Parkway, has a space of 1,248 sq.ft. available. Cotenants include Potbelly Sandwich Works, Starbucks and Sprint. Area demographics include a population of 131,500 within five miles earning $79,138 as the average household income. The average daily traffic count is 42,600 vehicles. For more information, contact Brendan Watt, Tartan Realty Group, 350 West Hubbard Street, Suite 640, Chicago, IL 60654; 312-377-8383, Fax 312-377-8351; Email: brendan@tartanrealtygroup.com; Web site: www.tartanrealtygroup.com. Buffalo Grove – Strathmore Square, a 95,000 sq.ft. center located at the intersection of Dundee Road and Arlington Heights Road, has spaces from 9,000 sq.ft. to 16,000 sq.ft. available. Cotenants include Aldi, Pet Supplies Plus, Heavenly Massage, Dollar Tree, Panera Bread and Rogan’s Shoes. Area demographics include a population of 276,639 within five miles earning $96,641 as the average household income. The average daily traffic count is 51,000 vehicles. The asking rent is $8 to $12 psf NNN. For more information, contact Robert Jay Friedman or Ari Topper, Jameson Real Estate, 312-810-7203/312-224-9208, Fax 312-612-1122/1114; Email: rjfsite@jameson.com; Web site: www.jamesoncommercial.com. Melrose Park – A pad site is available at a proposed strip center at the intersection of Dealmakers Magazine | www.dealmakers.net
Schaumberg – Prairie Towne Center, a 288,367 sq.ft. center located at the intersection of Barrington Road and Schaumberg Road, has spaces from 1,207 sq.ft. to 5,500 sq.ft. available. Cotenants include Kohl’s, Sears Optical, Sport Clips, Pizza Hut and Chipotle. Area demographics include a population of 234,261 within five miles earning $89,845 as the average household income. The average daily traffic count is 60,000 vehicles. For more information, contact Luke Sementa or James Schutter, Newmark Grubb Knight Frank Retail, 500 West Monroe Street, Suite 2900, Chicago, IL 60661; 312224-3210/3974; Email: jschutter@ngkf.com.
Indiana Ft. Wayne – Northwood Plaza, located at the intersection of Stellhorn Road and Maplecrest Road, has spaces available. Cotenants include Cinema Grill, GNC, Payless Shoe Source, Dollar Tree, Game Stop, Sally Beauty Supply and Sun Tan City. Area demographics include a population of 134,599 within five miles earning $55,837 as the average household income. The average daily traffic count is 37,700 vehicles. For more information, contact Tracey Holtzman or Jeff Hubley, Midland Atlantic, 317-580-9900; Email: tholtzman@midlandatlantic.us.
Kentucky Lexington – Eastview Plaza, an 18,000 sq.ft. center located at the intersection of Winchester Road and New Circle Road, has two spaces of 1,200 sq.ft. available. Cotenants include Doggy Clips, Next Generation Day Care and Martine’s Bakery. Area demographics include a population of 89,686 within three miles earning $54,488 as the average household income. The asking rent is $8 psf NNN. For more information regarding Eastview Plaza, contact Chad Voelkert or Jamie Adams, NAI Isaac Commercial Properties, 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859-224-2000, Fax 859-224-
Maryland Cambridge – Shoal Creek Shopping Center, a 64,451 sq.ft. center located along Sunburst Highway, has inline spaces available, along with a 13,875 sq.ft. endcap space. Cotenants include Walgreens, Advance Auto Parts, Subway and Pizza Hut. Area demographics include a population of 16,619 within five miles earning $55,411 as the average household income. For more information, contact Joseph Farina or Amit Grover, Divaris Real Estate, Inc., 11820 Parklawn Drive, Suite 404, Rockville, MD 20852; 301-637-0957/301231-9272; Email: jfarina@divaris.com; Web site: www.divaris.com. Damascus – Spaces are available at a center located along Ridge Road. Cotenants include Weis and Capital One Bank. Area demographics include a population of 43,178 within five miles earning $134,705 as the average household income. The average daily traffic count is 22,156 vehicles. For more information, contact Ray Schupp or Bryan Davis, Next Realty, 703-4428825/8843; Email: rschupp@nextrealty.com; Web site: www.nextrealty.com. Hagerstown – Kenley Village, a 51,894 sq.ft. center located at the intersection of Wilson Boulevard and Frederick Street, has spaces of 1,000 sq.ft., 1,500 sq.ft. and 11,144 sq.ft. available. Cotenants include Food Lion, Bagel-Lisious, Sprint and Chans Wok. Area demographics include a population of 89,982 within five miles earning $46,175 as the median household income. The average daily traffic count is 13,825 vehicles. For more information, contact Cedar Realty Trust, 44 South Bayles Avenue, Port Washington, NY 11050; 856-2188677, Fax 856-218-8678; Web site: www.cedarrealtytrust.com.
Massachusetts Bedford – Great Road Shopping Center, a 204,230 sq.ft. center located at the intersection of Route 4 and Route 225, has spaces of 1,200 sq.ft. and up to 7,725 sq.ft. available. Cotenants include T.J. Maxx, Staples, Stop & Shop, Home Goods, The Paper Store, Ace Hardware, Great Clips and Chipotle. Area demographics include a population of 30,892 within three miles (continued on page sixteen)
June 20, 2014 | Page 15
SPACE PLACE Massachusetts (continued from page nineteen)
earning $117,849 as the median household income. The average daily traffic count is 23,500 vehicles. For more information, contact Jim Conviser, Conviser Property Group, Inc., 858 Washington Street, Suite 306, Dedham, MA 02026; 781-320-0600, Fax 781-7914955; Email: jim@conviserpg.com; Web site: www.conviserpg.com.
New Jersey Woodbridge – Woodbridge Crossing, a 284,000 sq.ft. center located along Green Street, has spaces from 1,982 sq.ft. to 78,904 sq.ft. available. Cotenants include Burlington Coat Factory, Big Lots, Modell’s and Party City. Area demographics include a population of 343,493 within five miles earning $91,339 as the average household income. For more information, contact Ron DeLuca, R.J. Brunelli & Co., LLC, 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732721-5800 Ext. 28; Email: rdeluca@rjbrunelli.com; Web site: www.rjbrunelli.com.
New York Copiauge – A 10,000 sq.ft. space is available along Sunrise Highway. Area retailers include Target, Home Depot, Payless Shoe Source, Big Lots and Wendy’s. Area demographics include a population of 150,338 within three miles earning $99,989 as the average household income. The average daily traffic count is 50,000 vehicles. For more information, contact Ari Malul or Kenneth Schuckman, Schuckman Realty, Inc., 7600 Jericho Turnpike, Woodbury, NY 11797; 516-496-8888; Email: ari@schuckmanrealty.com; Web site: www.schuckmanrealty.com. Elmhurst – A space of 3,300 sq.ft. is available at the intersection of Queens Boulevard and 57th Avenue. Area retailers include Macy’s, JC Penney, Target, Best Buy and DSW. Area demographics include a population of 2.2 million within five miles earning $53,219 as the median household income. The average daily traffic count is 97,000 vehicles. For more information, contact Doug Weinstein or Jeremy Isaacs, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516933-2514; Email: jisaacs@ripcony.com. Irondequoit – Ridge-Goodman Plaza, a 150,000 sq.ft. center located at the Page 16 | June 20, 2014
New York
North Carolina
intersection of East Ridge Road and North Goodman Street, has spaces from 2,500 sq.ft. to 60,240 sq.ft. available. Cotenants include Marshalls, Dibella’s, Supercuts and Bank of America. Area demographics include a population of 425,926 within seven miles earning $57,163 as the average household income. For more information, contact David Schroth, Ferrara Jerum International, 339 East Avenue, Suite 4320, Rochester, NY 14604; 585-362-8708; Email: dschroth@ferrarajerum.com; Web site: www.ferrarajerum.com.
113,856 within five miles earning $117,689 as the average household income. The average daily traffic count is 33,000 vehicles. For more information, contact David Stowe, Hunter & Associates, 127 West Hargett Street, Suite 100, Raleigh, NC 27601; 919-821-8023, Ext. 205; Email: dstowe@hunterandassoc.com; Web site: www.hunterandassoc.com.
Mahopac – Lake Plaza, a 140,000 sq.ft. center located at the intersection of Route 6 and Baldwin Lane, has spaces available. Cotenants include Kmart, Hallmark, CVS and Key Food. Area demographics include a population of 55,949 within five miles earning $119,335 as the average household income. The average daily traffic count is 17,750 vehicles. White Plains – CVS Plaza, a 22,000 sq.ft. neighborhood center located at the intersection of Mamaroneck Avenue and Livingston Avenue, has spaces from 800 sq.ft. to 1,600 sq.ft. available. Cotenants include CVS, The UPS Store, Carlene Cleaners and Carhart Liquors. Area demographics include a population of 80,002 within three miles earning $196,032 as the average household income. For more information, contact Scott Meshil or David Landes, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403 Ext. 106/104, Fax 914-2370196; Email: scott@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. Mineola – Spaces of 800 sq.ft. and 2,700 sq.ft. are available at the intersection of Old Country Road and Mineola Boulevard. Area demographics include a population of 508,344 within five miles earning $105,213 as the median household income. The average daily traffic count is 22,000 vehicles along Mineola Boulevard. For more information, contact Ed Czarniak, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, NY 11530; 516874-8070; Email: ed@sabreny.com; Web site: www.sabreny.com.
North Carolina Apex – A center located along West Williams Street, has spaces of 1,319 sq.ft. and 1,423 sq.ft. available. Cotenants include Papa John’s, Adela’s Salon and Embroidme. Area demographics include a population of
Morganton – Morganton Heights, a 461,373 sq.ft. center located along West Fleming Drive, has spaces from 1,200 sq.ft. to 6,000 sq.ft. available. Cotenants include Walmart, Belk, Dick’s Sporting Goods, Staples, T.J. Maxx, Ross Dress for Less, JoAnn Fabrics, PetSmart and Golden Corral. Area demographics include a population of 33,439 within five miles earning $50,732 as the average household income. The average daily traffic count is 18,000 vehicles. For more information, contact Erbie Blackwell, Ben Kepes or Mary Dufour, WRS Real Estate, 843-654-7870/7872/2831; Email: eblackwell@wrsrealty.com; Web site: www.wrsrealestate.com.
Ohio Mentor – A 2,896 sq.ft. space is available between Starbucks and Verizon Wireless at the intersection of Mentor Avenue and Heisley Road. Area demographics include a population of 103,057 within five miles earning $72,150 as the average household income. The average daily traffic count is 38,041 vehicles. For more information, contact Greg Guyuron, Passov Real Estate Group, 216831-8100; Email: gguyuron@passovgroup.com.
Pennsylvania Hanover – South Hanover Shopping Center, a 159,900 sq.ft. center along Baltimore Pike, has spaces of 1,606 sq.ft., 1,750 sq.ft. and 1,800 sq.ft. available, along with two spaces of 1,600 sq.ft. Cotenants include Giant, Community Aid, Planet Fitness, Dollar Tree, Little Caesar’s, Rent-A-Center and China One. Area demographics include a population of 56,170 within five miles earning $67,437 as the average household income. The average daily traffic count is 30,335 vehicles. For more information, contact Joseph Deerin, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Email: jrdeerin@lms-pma.com; Web site: www.lms-pma.com. Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Pennsylvania
Texas
Texas
Philadelphia – A 2,900 sq.ft. ground floor space is available along Chestnut Street. Area retailers include Boyds, Camper, CVS, Starbucks, Allen Edmonds, The Continental and Joan Shepp. Area demographics include a trade-area population of 126,904 earning $85,386 as the average household income. Also – A 4,000 sq.ft. corner retail space is available in a historic federal building at the intersection of Spruce Street and 13th Street. Area retailers include Vetri, Tria, Valanni and Mercato. For more information regarding the Chestnut Street property, contact Jacob Cooper or Michael Salove, Michael Salove Co., 215-568-2600 Ext. 714/717; Email: jcooper@mscretail.com; Web site: www.mscretail.com. For more information regarding the Spruce Street property, contact Bruno Pouget or Michael Salove, 215-568-2600 Ext. 727/717; Email: bpouget@mscretail.com.
57,830 sq.ft. anchor space. Cotenants include Dollar General, Premiere Lady Fitness, Gatti’s Pizza, Metro PCS, The UPS Store, Starbucks and Chase Bank. Area demographics include a population of 114,217 within three miles earning $67,845 as the average household income. The asking rent is $10 to $20 psf NNN. Also – Pleasant Valley Market, located at the intersection of Pleasant Valley Road and Stassney Lane, has two spaces of 1,100 sq.ft. available, which can be combined, along with a divisible space of 4,828 sq.ft. Area retailers include Dollar General, Family Dollar, Sonic
and Church’s Chicken. Area demographics include a population of 103,601 within three miles earning $49,238 as the average household income. The asking rent is $18 to $22 psf NNN. For more information regarding Cannon West, contact Cole Brodhead or TJ Powell, Retail Solutions, 512-474-5557; Email: cole@retailsolutions.us. For more information regarding Pleasant Valley Market, contact Herman Tjahja or Fred Wendland; Email: herman@retailsolutions.us.
Wyomissing – Berkshire Square, a 323,000 sq.ft. center located along Berkshire Boulevard, has spaces available. Cotenants include Walmart, Staples, LA Fitness, Redner’s Market, PetSmart and T-Mobile. Area demographics include a population of 185,828 within five miles earning $58,945 as the average household income. For more information, contact Ken Freid or Nicole Johnson, Paramount Realty Services, Inc., 1195 Route 70, Suite 2000, Lakewood, NJ 08701; 732-961-8115/8123, Fax 732886-1690; Email: kf@paramountrealty.com; Web site: www.paramountrealty.com.
Tennessee Memphis – Spaces of 1,970 sq.ft. and 2,582 sq.ft., which can be combined, are available at the intersection of Union Avenue and South Cooper Street. Area retailers include Kroger, Home Depot, Malco Theaters, CVS, Walgreens and Outback Steakhouse. Area demographics include a population of 232,944 within five miles earning $51,318 as the average household income. The average daily traffic count is 27,548 vehicles. For more information, contact Danny Buring or Gary Shanks, The Shopping Center Group, 901-869-2720; Email: danny.buring@tscg.com.
Texas Austin – Cannon West, located at the intersection of William Cannon Drive and West Gate Boulevard, has inline spaces of 624 sq.ft. and 1,760 sq.ft. available, along with a Dealmakers Magazine | www.dealmakers.net
(continued on page eighteen)
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SPACE PLACE Texas (continued from page seventeen)
San Antonio – Fredericks Circle Shopping Center, an 81,847 sq.ft. center located along Fredericksburg Road, has spaces of 1,200 sq.ft. and 2,000 sq.ft. available. Cotenants include Fallas Parade, Planet Fitness, Family Dollar, Peter Piper Pizza, Harbor Buffet, H&R Block and Rent-A-Center. Area demographics include a population of 392,650 within five miles earning $44,335 as the average household income. The asking rent is $18 psf NNN. Also – Northglen Shopping Center, located at the intersection of Nacogdoches Road and O’Connor Road, has a space up to 15,000 sq.ft. available. Cotenants include Whataburger, CSL Plasma, Curves, Pump it Up, Dollar Tree and Panda Express. Area demographics include a population of 182,844 within five miles earning $68,573 as the average household income. The average daily traffic count is 51,400 vehicles. The asking rent is $8 psf NNN. For more information, contact Cynthia Ellison, Newmark Grubb Knight Frank Retail, 40 NE Loop 410, Suite 607, San Antonio, TX 78216; 210-804-4847; Email: cellison@ngkf.com.
Virginia
Virginia
Front Royal –A 1.7-acre pad site is available at Riverton Commons, located along Riverton Commons Drive. Area retailers include Target, Cracker Barrel, Staples, Applebee’s and Starbucks. Area demographics include a population of 89,640 within a fifteen minute drive-time earning $73,016 as the average household income. Remington – Remington Square, located at the intersection of Main Street and Franklin Street, has retail/office spaces available. Area demographics include a population of 11,671 within five miles earning $74,934 as the average household income. The average daily traffic count is 3,200 vehicles. Winchester – Pad sites are available at Sovereign Village, located at the intersection of Channing Drive and Farmington Boulevard. Area demographics include a population of 59,123 within five miles earning $70,389 as the average household income. For more information regarding Riverton Commons, contact Sam Chapman, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 703-404-
2346; Email: schapman@renaudconsulting.net; Web site: www.renaudconsulting.net. For more information regarding Remington Square, contact Gwen Edwards, 703-4042346; Email: gedwards@renaudconsulting.net. For more information regarding Sovereign Village, contact Sam Chapman or Mark Fontaine, 703-404-2346; Email: mfontaine@renaudconsulting.net.
Washington, D.C. The V At Georgia Avenue, an 18,000 sq.ft. mixed-use development located at the intersection of Georgia Avenue and Otis Place, has a 2,500 sq.ft. retail space available. Area retailers include CVS and Safeway. Area demographics include a population of 63,316 within one mile earning $73,178 as the average household income. For more information, contact Michael Ambrosi, ARC Properties, Inc., 973-2491116; Email: mambrosi@arcproperties.com; Web site: www.arcproperties.com; or Marc Antonio, Velocity Capital, 410-630-6935; Email: mantonio@velocitycapital-llc.com. DM
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