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