Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXIV
June 27, 2014
FEATURING APPAREL CHAINS EXPAND NATIONWIDE Citi Trends, Inc. trades as Citi Trends at 500 locations throughout CA, NV and TX, as well as 29 states in the southeastern, Midwest and Mid-Atlantic regions of the U.S. The stores, offering family apparel, footwear and accessories, occupy spaces of 11,000 sq.ft. to 15,000 sq.ft. in neighborhood, power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include dollar stores, apparel and footwear stores and grocery stores. For more information, contact Andy Beisel, Citi Trends, Inc., 104 Coleman Boulevard, Savannah, GA 31408; 334-826-1019; Email: abeisel@cititrends.com; Web site: www.cititrends.com. Jos. A. Bank operates more than 600 locations nationwide. The stores, offering men’s tailored and casual apparel, footwear and accessories, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in lifestyle and specialty centers, as well as urban/ downtown areas. Growth opportunities are sought throughout AL, AR, FL, LA, MS, NC, SC and TN during the coming 18 months, with representation by Katz & Associates. For more information, contact Marty Hennessy, Katz & Associates, 2300 Glades Road, Suite 460 West, Boca Raton, FL 33431; 561-869-4343, Fax 561-361-7276; Email: martinhennessy@dkatz.com; Web site: www.josbank.com.
Cache, Inc. trades as Cache at 240 locations nationwide. The stores, offering women’s apparel, formal wear and accessories, occupy spaces of 2,000 sq.ft. in regional malls and upscale lifestyle centers and malls. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Bloomingdale’s, Nordstrom, Neiman Marcus and Saks. For more information, contact Dawn Balopole, Cache, Inc., 256 West 38th Street, New York, NY 10018; 614-939-5177, Fax 614-939-5189; Web site: www.cache.com. Destination Maternity Corp. trades as A Pea in the Pod, Motherhood Maternity, Destination Maternity and Motherhood Maternity Outlet at 580 locations nationwide and in Canada and Puerto Rico. The stores, offering maternity apparel items, occupy spaces of 1,200 sq.ft. to 8,000 sq.ft. in freestanding locations, malls and lifestyle, outlet, power, specialty and strip centers, as well as urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Edward Tress, Destination Maternity Corp., 456 North 5th Street, Philadelphia, PA 19123; 215-873-2214, Fax 215400-2514; Email: etress@destinationmaternity.com; Web site: www.destinationmaternity.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 21,278 locations with plans to open 1,847 sites • Real estate valued in excess of $61 million to be bought, sold & financed • Leasing activity on over 2.7 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 De Rito Partners redevelops La Gran Plaza in Mesa, AZ.............. Pg. 3 Buyers and Sellers Plaza Advisors closes sale of Publix-anchored center in FL...... Pg. 4 Who’s Opening and Where Huntington Learning Centers eyes expansion in the greater Dallas, TX market....................... Pg. 5 The Vitamin Shoppe plans to open 60 stores............................ Pg. 5 Food Chains Expand Bob’s Big Boy to enter 16 states
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Tupelo Honey Café to enter FL, GA, MO, OH, TX and VA........... Pg. 6 Sources of Financing DRA Advisors lending on retail sites............................................ Pg. 7 Making The News The Lord Cos., LLC taps new talent.......................................... Pg. 7 Lease Signings Gluck & Co. inks deal with Family Dollar in Brooklyn.......... Pg. 7 Tenant Reps Eastern Retail Properties reps Lane Bryant throughout New England...................................... Pg. 8 Lead Sheet Beauty Brands projects 48 openings nationwide.................. Pg. 10 DSW on track to open 15 to 20 locations annually...................... Pg. 11 Hibbet Sports to open 85 stores and enter the MI and PA markets Pg. 12 Space Place................................ Pg. 14