Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXV
July 10, 2009
Retailers Expanding throughout New England Nexcen Brands, Inc. trades as Shoebox New York at 12 locations throughout FL and NY as well as internationally. The stores, offering luxury women’s footwear along with handbags and accessories, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in downtown areas and upscale streetfronts. Growth opportunities are sought throughout the Northeast during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC. The company also trades as The Athlete’s Foot nationwide and internationally. The stores, offering athletic footwear, occupy spaces of 1,500 sq.ft. to 2,200 sq.ft. in strip centers. Growth opportunities are sought throughout the Northeast during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC. Game Crazy operates 550 locations nationwide. The stores, allowing customers to buy, sell and trade video games, occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in strip centers. Growth opportunities are sought throughout CT, MA and RI during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC. For more information, contact Penny Wickey, Daniel Neaton or Peter Yeskey, Saugatuck Commercial Real Estate, LLC, 9 Burr Road, Westport, CT 06880; 203-222-4194/4188/4195; Emails: pwickey@saugatuckcommercial.com, dneaton@saugatuckcommercial.com and pyeskey@saugatuckcommercial.com; Web sites: www.shoeboxny.com and www.saugatuckcommercial.com.
Newbury Comics, Inc. trades as Newbury Comics at 28 locations throughout CT, MA, ME, NH and RI. The stores, offering CDs, videos, CDROMs, t-shirts, posters, comic books and rockand pop culture-related books, occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding locations, malls, urban/downtown areas and entertainment, lifestyle, power, specialty and strip centers. Plans call for two to four openings throughout the existing markets during the coming 18 months. Typical leases run three to five years. A vanilla shell and specific improvements are required. Preferred cotenants include movie theaters, restaurants and Hot Topic. Preferred demographics include a population of 70,000 within three miles earning $70,000 as the average household income. Major competitors include Best Buy, Wal*Mart and Target. For more information, contact Ria McNamara, Newbury Comics, Inc., PO Box 3177, Fayville, MA 01745; 508-254-7676; Email: ria@retailre.com. Benny’s, Inc. trades as Benny’s at 33 locations throughout CT, MA and RI. The automotive centers occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in downtown areas, freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact John Monti, Benny’s, Inc., 340 Waterman Avenue, Esmond, RI 02917; 401-231-1000, Fax 401-231-1080. (continued on page seven)
This issue contains information on:
* Retailers operating 29,040 locations with plans to open 1,664 sites * Real estate valued in excess of $83.91 million to be bought, sold & financed * Leasing activity on over 9.13 million sq.ft. of retail properties
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Featuring ICSC New England Idea Exchange New Construction KGI Properties is developing a power center in Woburn, MA Pg. 3 New England Retail Properties is preleasing a power center in Hadley, MA....................... Pg. 3 Observations & Conversations Pg. 4 Profile| 10 Spot/Madrag........ Pg. 6 Buyers & Sellers SextonLester Cos. looks to acquire sites throughout New England......................... Pg. 8 Sources of Financing Leigh Financial Services provides financing for properties throughout CT, NJ and NY.................................. Pg. 9 Exclusives National Commercial Brokers represents a number of retailers with their expansion plans..... Pg. 9 Openings Men’s Wearhouse looks for locations nationwide............. Pg. 10 GameStop plans to open locations nationwide............. Pg. 11 Lease Signings The Grossman Cos. negotiated a lease with The Hair Cuttery for space in Medford, MA...... Pg. 14 Leadsheet Pink looks for sites throughout select markets nationwide and Canada........................... Pg. 15 Planet Beach Contempo Spa looks for sites nationwide and internationally................. Pg. 17 In the News Breslin Realty Development Corp. hired Shane Arters as vice president of acquisitions Pg. 19 Space Place........................... Pg. 20
For more news go to: www.dealmakers.net
New Construction Net Lease Realty Advisors, LLC is preleasing Southgate Towne Center, a 200,000 sq.ft. power center situated on 33 acres at the intersection of Lake Avenue and State Highway 45 in Pueblo, CO. Spaces of 1,200 sq.ft.; 2,500 sq.ft.; 5,000 sq.ft.; 12,000 sq.ft.; 25,000 sq.ft. and 100,000 sq.ft. are available along with outlots of 30,000 sq.ft.; 45,000 sq.ft. and 50,000 sq.ft. Area retail includes Lowe’s Home Improvement. Area demographics include a population of 132,562 within a 10-mile radius earning an average household income of $52,426. The average daily traffic count is 35,000
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.
vehicles. The asking rent is $20 psf with CAM of $3.75 psf. The center is slated to open during October. For more information, contact Jecoah Byrnes or Dan Hamann, Net Lease Realty Advisors, LLC, 4643 South Ulster Street, Suite 800, Denver, CO 80237; 877317-2122, Fax 303-474-3039; Email: contact@netleaserealtyadvisors.com; Web site: www.netleaserealtyadvisors.com. KGI Properties, LLC is developing Crossroads Commons, an 850,000 sq.ft. power center located along Commerce Way in Woburn, MA. Area retail includes Target, Petco, Lowe’s Home Improvement, Kohl’s and Woburn Mall. Area demographics include a population of 934,745 within a 10-mile radius earning an average household income of $72,633. The center is slated to open during the fall of 2011. The company is also preleasing Gateway Commons, a 400,000 sq.ft. mixed-use project located at the intersection of Route 161/Flanders Road and Interstate 95 in East Lyme, CT. Area demographics include a population of 131,327 within a 10-mile radius earning an average household income of $63,579. The center is slated to open during the fall of 2010. The company is also preleasing Payne’s Crossing, a 340,000 sq.ft. center located at the intersection of Route 24 and Route 79 in Freetown, MA. Spaces from 2,000 sq.ft. to 184,000 sq.ft. are available. The company is also preleasing Uxbridge Crossing, a 1.1 million sq.ft. mixed-use project being constructed in phases in Uxbridge, MA. Spaces of 1,200 sq.ft. to 200,000 sq.ft. are available. The company is also preleasing Wayland Town Center, a 177,000 sq.ft. mixed-use center located in Wayland, MA. Stop & Shop anchors the center and spaces of 1,200 sq.ft. to 15,000 sq.ft. are available. The company is also preleasing New Hampton Commons, a 110,000 sq.ft. project located at the intersection of Route 93 and Route 104 in New Hampton, NH. Spaces from 2,500 sq.ft. to 65,000 sq.ft. are available. The company is also preleasing Fairway Plaza, a 37,000 sq.ft. mixed-use development located in North Conway, NH. Spaces from 5,000 sq.ft. to 32,000 sq.ft. are available. The company is also preleasing Leviton Place, a 1.4 million sq.ft. mixed-use project located in Warwick, RI. Spaces from 2,500 sq.ft. to 150,000 sq.ft. are available. For more information, contact Joseph E. Harnan, KGI Properties, LLC, 10 Memorial Boulevard, Suite 901, Providence, RI 02903; 401-273-8600, Fax 401-273-9648; Email: j.harnan@kgiproperties.com; Web site: www.kgiproperties.com. www.dealmakers.net
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MJB Real Estate Services Corp. is preleasing a 6,000 sq.ft. development located along U.S. Route 1/Westport Avenue in Norwalk, CT. Area retail includes Stew Leonard’s, Walgreens, Verizon Wireless, Starbucks, Wachovia Bank, CVS, TD Banknorth, Petco, RadioShack, Marshalls, Staples, Blockbuster Video, New York Sports Club and Webster Bank. Area demographics include a population of 127,555 within a five-mile radius earning an average household income of $136,620. For more information, contact Mark Brockwell, MJB Real Estate Services Corp., 735 Boston Post Road East, Westport, CT 06880; 203-222-6200, Fax 203-222-6202; Email: mjbrockwell@mjbcorp.com; Web site: www.mjbcorp.com. New England Retail Properties, Inc. is preleasing Hadley Corner, a 271,000 sq.ft. power center located along Route 9/Russell Street in Hadley, MA being developed by Pearson and National Retail Properties. Home Depot anchors the center. Spaces of 2,000 sq.ft. to 40,000 sq.ft. are available along with outlots. Area retail includes Stop & Shop, T.J. Maxx, Dollar Tree, Big Y World Class Market, CVS, Chili’s, Applebee’s, Staples, Trader Joe’s, KFC, Burger King, Manny’s TV & Appliance, Eastern Mountain Sports, Whole Foods Market, Marshalls, Michaels, Famous Footwear, Old Navy, Panera Bread, Pier 1 Imports, Barnes & Noble, Wal*Mart and Hampshire Mall, featuring Target, Dick’s Sporting Goods, Best Buy, JCPenney and Cinemark. Area demographics include a population of 132,404 within a 10-mile radius earning an average household income of $65,217. The average daily traffic count is 28,000 vehicles. The center is slated to open during 2010. For more information, contact Matthew Halprin, New England Retail Properties, Inc., 150 Hartford Road, Wethersfield, CT 06109; 860-529-9000, Fax 860-563-9667; Email: halprinm@newenglandretail.com; Web site: D www.newenglandretail.com. M
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Observations & Conversations When you’re sitting with a huge empty space those indoor miniature golf courses, gymnastic schools and churches start to look good, but there is hope and there are traditional tenants still opening stores. Not only are retailers filing bankruptcy, so are their landlords. McGill Property Group, a Floridabased shopping center development company filed Chapter 11 recently and its founder was hit with personal guarantees for bank loans on shopping center developments in seven states with about $140 million in debt. Crescent Resources is a joint venture of Duke Energy and Morgan Stanley Real Estate Funds with retail projects in FL, NC and SC. The real estate development company and 120 of its subsidiaries, with more than $1 billion in liabilities, also filed Chapter 11. Opus South, went into bankruptcy and is closing shop this year. Adding to their troubles, Opus Southwest had a shopping center in Texas foreclosed and 10 banks contend that Opus West owes them $160 million. GGP’s Chapter 11 filing was just the beginning. I expect that more developers will default on their loans and seek bankruptcy protection. Tenants can smell the blood, too. I heard about a lawsuit where the tenant is so concerned about its landlord’s financial stability that it’s asking the court to take their disputed rent checks rather than to send them directly to the landlord, since the landlord hasn’t reimbursed them for tenant improvements. Retail bankruptcies continue to hit the fan; Eddie Bauer just filed, Anchor Blue filed too and is closing or selling a substantial block of its stores, Oilily is closing stores and also went bankrupt along with Berean Christian Stores and EJ’s Shoes. This on the heels of bankruptcies of Filene’s Basement, Fortunoff, Circuit City, Gottschalks, Bruno’s, S&K Menswear, Ritz Camera, BI-LO, Z Gallerie, Ultra Stores and Sportsman’s Warehouse. Throw in a few of the Steve & Barry’s, Goody’s and Linens ‘N Things that are still vacant and you have an avalanche of empty stores. But, landlords are starting to say “uncle” and take a haircut not only on rent, but also on the use. Which is probably wise, because all indications point to even more retailer bankruptcy filings on the horizon with loans coming due and a lack of cash or credit to buy inventory. I’ve heard of a former Steve & Barry’s that’s about to tenanted by a community college in MO; at a site in WI, the landlord is working on filling his empty Steve & Barry’s with a convention center; at a vacant Steve & Barry’s in KS, Mattress Hub took 18,000 sq.ft. and at a former Steve & Barry’s in IL, Glowgolf took over the space. As far as temporary tenants taking former Steve & Barry’s, I’ve heard of a local newspaper sponsoring a 200-booth indoor garage sale in WA and Kidzturn’s ran a threeday Christian-themed extravaganza with live productions, games, prizes, music, puppets and visual effects in MA. Landlords of former Goody’s sites are also starting to fill their empty space. Peebles Family Clothing is taking over a former Goody’s in TN while Famous Labels is also taking former Goody’s spaces in AL and TN. Some former Goody’s landlords are getting creative to keep cash flow going with one leasing the site to a local VFW that opened a large electronic bingo hall in Birmingham, AL. One landlord leased their former Goody’s space in WV temporarily to Kids Sale, a consignment event that was held for five days. Former Linens ‘n Things sites are filling up too. Nordstrom Rack is taking over a former Linen’s ‘ N Things in MA; Big Lots took over one of their stores in Columbus, OH; hhgregg leased a former Linen’s ‘N Things in GA; Ollie’s Bargain Outlet took page 4
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over a store in NC; Goodwill will occupy a former store in WA, and The Flooring Supercenter re-tenanted a space in WI. When you’re sitting with a huge empty space those indoor miniature golf courses, gymnastic schools and churches start to look good, but there is hope and there are traditional tenants still opening stores. Aeropostale recently launched its P.S. Aeropostale, a new concept catering to 7 to 12 year olds, and is rolling it out in NY. Sears opened a new concept, MyGofer, with a revamping of a Kmart store in Joliet, IL. Personally, I think the MyGofer concept is ill conceived. It looks like Service Merchandise reinvented with Internet access and the product lines are pretty narrow. You can buy Tide detergent for probably 5% less than the supermarket or Craftsman tools, but instead of aisles stocked with merchandise, the customers walk into cubes outfitted with a computer so they can order and pick up at the store or use the drive-thru. I don’t expect this concept to be duplicated anytime soon. Bijoux Terner, a franchised concept selling jewelry, accessories and handbags at $10 price points with a 500 to 3,000 sq.ft. footprint, is leasing space in traditional shopping centers, which deviates from its norm of locating in tourist and transportation hubs, and taking advantage of opportunistic real estate deals in major metro areas. Not the most community-blessed concept, but Sara’s Secret is expanding in TX. The 12-unit chain originally was launched as Condoms To Go, but after receiving a lot of flack that hindered their expansion, the company is rolling out more stores using the Sara’s Secret trade name. Bodega Latina operates 15 supermarkets catering to a Hispanic clientele trading as El Super in CA and AZ, with plans to expand further in its existing markets and enter NV. Uwajimaya recently opened its fourth Asian-focused store offering groceries, gifts and prepared foods, in addition to the traditional American supermarket fare, using 30,000 sq.ft. in WA. The chain of Asian supermarkets is expected to open future stores in WA and northern CA. Leases are getting done; it’s just requiring a reality check from the landlord’s perspective. I have to wrap it up, but I wanted to give you a synopsis of how the ICSC Convention in Vegas went… It was much better than expected, since I had braced myself for the equivalent of spending a few days at the morgue. Attendance was down, almost by 50%, but the players that showed up, actually were there to try and make some deals, rather than kick tires and waste time. Overall, the mood was cautious optimism and that we will see a recovery, most likely a soft one, by the end of 2010. This issue will be distributed at the ICSC’s New England States Dealmaking and I suspect that attendance will be down for this show too, but it’s just a sign of the times. Also, this issue includes our annual Retail Brokers Guide and a State of the Industry review. The Brokers Guide is a great resource to find brokers that specialize in retail real estate and it’s broken down by the geographic region that the broker focuses on and the article on the “State of the Industry” is a must read; it will give you insight on how your peers are coping with the current economic upheavals. The next ICSC Dealmaking, after the Boston show, is in Florida. The Dealmakers will have a booth at both shows, so stop by and say hello.
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Ann O’Neal, Publisher
B L U E BAC K S QUA R E , N OW O P E N !
InreA Word: •mark•a•ble \adj. 1. Worthy of notice or attention. 2. The tenant lineup at Blue Back Square.
S PAC E I N T H E S Q UA R E !
600,000 square foot mixed-use center featuring Whole Foods Market*, Crate and Barrel, Ann Taylor, White House|Black Market, Lucy, Barnes & Noble and The Cheesecake Factory. Centrally located regional shopping destination within one of the most affluent trade areas in the country. Doubles the size of West Hartford’s vibrant retail town center. Excellent accessibility to Greater Hartford and the region via I-84. West Hartford serves as the shopping and dining destination for Hartford, Connecticut. Luxury condominiums, rental apartment lofts and Class A office space.
WEST HARTFORD, CONNECTICUT www.bluebacksquare.com For retail leasing opportunities, please contact:
Robin Mosle or Liz Ryan, Samuels & Associates 617.247.3434 VISIT US AT THE 2009 NEW ENGLAND IDEA EXCHANGE ON JULY 9TH Blue Back Square, a development by Ronus Properties, Street-Works and JDA Development *Development by Carpenter & Company
Profile — A monthly column featuring retail real estate companies 10 Spot/Madrag — Fashion-now clothing, growth-oriented retailer by Nicholas Hamner The U.S. economy officially entered a recession during December 2007, according to a report from the National Bureau of Economic Research. Since that time, families across the world have shored-up their budgets and reined in their spending. In response, retailers have endured falling profits and been forced to shutter underperforming stores and, in some cases, shut down altogether. 10 Spot/Madrag, which has grown smartly over the past 35 years, is performing well and looks to use the opportunities presented by the downturn to continue its growth into the future. The company began as Persuasion, a single apparel store opened by Howie Hoffman in Newark, NJ during the mid-1970s. By the 1990s, apparel for under $10 had become a prominent industry trend and Hoffman began operating stores under the 10 Spot brand. The early 10 Spot stores followed the apparel industry in offering fashionable apparel at prices below $10. Though the company was unable to continue to offer quality and fashionable apparel at prices under $10 as the years passed, explains Nathan Hoffman, the 10 Spot name had enough goodwill behind it that the name stayed. The company expanded into New England during 2005 as it acquired 12-unit retailer J Silver Clothing and rebranded all stores to the company’s Madrag brand. Its latest acquisition, six units of Urban Brand, Inc.’s Marianne chain located in FL, which the company converted to Madrag stores, gave the company brand exposure outside the Northeast for the first time. Howie Hoffman continues to serve as the company’s president and owner and Nathan Hoffman serves as the company’s vice president. Working together, the father and son have seen the company grow to 36 units, with 18 stores trading as Madrag and 18 stores trading as 10 Spot throughout seven states.
Both 10 Spot and Madrag appeal to an ethnically-diverse demographic of females ages 16 to 24, and both concepts occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. with a minimum frontage of 50 ft. 10 Spot stores occupy streetfronts and regional shopping centers and Madrag stores locate in enclosed malls. Both concepts present stores that are well-lit, staffed by fashion-conscious sales associates and feature a product mix of juniors and plus-size apparel, lingerie and accessories. Speaking on the site requirements, Nathan Hoffman says, “With the current economy providing a surplus of prime retail sites, we are looking at only the home run locations and we remain very site selective.” The company’s site selection criteria requires a metropolitan, urban or suburban location featuring a minimum tradearea population of 75,000 earning a median household income between $45,000 and $65,000. He says, “We do not waiver on our site requirements.” As many retailers halt expansion, shutter stores and retool to appeal to budget-conscious customers, Hoffman notes that 10 Spot has not had to change its business practices. He says, “We have always offered our customers fashionable items at prices they couldn’t find elsewhere, so we have not had to change much.” Concerning growth, the company plans to add 15 stores during the next three years. “Our ultimate goal is to create a national chain offering fashion-right apparel at the best prices,” he says, noting that all new stores will open in states where the company has an existing presence. In addition to enhancing its presence in existing markets, 10 Spot/Madrag is looking to become a national chain. Hoffman says, “We use acquisitions to both expand in existing areas and enter new markets,” noting that the current economy is providing numerous opportunities. He says, “We are aggressively looking to acquire existing sites, whether they are sites from a struggling chain that is going out of business or they are excess properties from a larger chain looking to exit a market.” Expansion through acquisition is a means the company considers right along with opening
new stores, but as he notes, the timing of both is different. “For new stores, we plan out how many we want to open that year and move from there,” he says, “but you can never plan when someone will present you with a suitable acquisition opportunity. We stay nimble, and are always able to take advantage of a good acquisition opportunity.” Once the company has signed a lease, it is ready to open its doors to new customers within eight to 10 weeks. The turnaround is much quicker on an acquired site, as Hoffman notes the
company can acquire an existing retailer, restock, rebrand and reopen within a three week period. The company’s ability to provide fashion-now apparel at affordable prices is due, in large part, to its operation of its own wholesale operation. Hoffman says, “My two brothers operate a wholesale apparel company that provides all the clothing to 10 Spot and Madrag stores.” He notes that their wholesale operation sells to the industry but the company keeps the Madrag brand exclusive to the 10 Spot and Madrag stores. With struggling retailers shedding stores nationwide and families around the world tightening their belts and their purse strings, 10 Spot/Madrag stands poised to continue its planned growth and take advantage of any opportunities that come its way. For more information, contact Nathan Hoffman, 10 Spot/Madrag, 30 Seaview Drive, Secaucus, NJ 07094; 201-319-1400 ext. 118, Fax 201319-0111; Email: nathan@10spotplus.com; Web site: www.10spotplus.com.
To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at ann@dealmakers.net. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd. page 6
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Retailers Expanding Throughout New England (continued from page one)
Gander Mountain operates 115 locations nationwide throughout 23 states. The stores, offering hunting, fishing, camping, boating and outdoor lifestyle products and services, occupy spaces of 45,000 sq.ft. to 60,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout New England, DE, NJ, NY and PA during the coming 18 months, with representation by Sullivan Hayes Cos. JoAnn Fabrics & Crafts operates 760 locations nationwide. The stores, offering apparel and quilting fabrics, home dĂŠcor, seasonal accents, floral and craft products, occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Sullivan Hayes Cos. LA Fitness operates locations nationwide. The fitness centers, offering basketball, racquetball, indoor cycling, swimming, free weight and cardio facilities and personal training, occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in freestanding locations and inline spaces in shopping centers. Growth opportunities are sought throughout CT; western MA; Westchester County, NY and RI during the coming 18 months, with representation by Sullivan Hayes Cos. The company will consider acquiring sites. REI operates 80 locations nationwide throughout 27 states. The sporting goods stores, offering outdoor recreation gear and apparel for the entire family, occupy spaces of 25,000 sq.ft. in lifestyle centers. Growth opportunities are sought throughout CT; Albany, NY and RI during the coming 18 months, with representation by Sullivan Hayes Cos. For more information regarding Gander Mountain, contact Jed Hayes, Sullivan Hayes Cos., 10 Waterside Drive, Suite 200, Farmington, CT 06032; 860677-5252, Fax 860-679-5260; Email: jhayes@sullivanhayesne.com; Web site: www.gandermountain.com. For more information regarding the remaining retailers, contact Tim McNamara; Email: tmcnamara@sullivanhayesne.com; Web sites: www.joann.com, www.lafitness.com and www.rei.com. Building #19, Inc. trades as Building #19 at 13 locations throughout MA, NH and RI. The discount stores, offering surplus and salvage items, occupy spaces of 50,000 sq.ft. to 100,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Bill Gemme, Building #19, Inc., 319 Lincoln Street, Hingham, MA 02043; 781-749-6900, Fax 781749-3691; Web site: www.building19.com. (continued on page nineteen) www.dealmakers.net
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Buyers and Sellers Denenberg Realty Advisors is selling a 6,375 sq.ft. Bright Horizons daycare center situated on 2.03 acres on Constitution Boulevard in Franklin, MA. The tenant is bound to a lease set to expire in 2014 with one, fiveyear option remaining on the lease term. Area demographics include a population of 62,859 within five miles earning $89,842 as the median household income. The asking price is $750,000 with a Cap rate of 8.2%. For more information, contact Neil Denenberg, Denenberg Realty Advisors, 230 Commercial Street, Boston, MA 02109; 617-720-5656; Web site: www.denenbergra.com. Letovsky Real Estate Corp. is looking to acquire single- and multi-tenant freestanding buildings nationwide. Suitable properties feature tenants bound to NNN leases or ground leases. The company will consider sites with zero cash flow and sale-leaseback transactions. For more information, contact Clifford Letovsky, Letovsky Real Estate Corp., 1310 Greene Avenue, Suite 210, Montreal, Quebec, Canada H3Z 2B2; 514-933-4300, Fax 514-933-5430; Email: lrec@openface.ca.
Land Solutions, Inc. is selling a 135.01-acre development parcel located along Interstate 75 in Charlotte County, FL. For more information, contact Janie Hooker, Land Solutions, Inc., 4571 Colonial Boulevard, Suite 102, Fort Myers, FL 33966; 239-489-4066, Fax 239-481-8477; Email: janieh@landsolutions.net; Web site: www.landsolutions.net. Garrison Group, Inc. is selling a Gander Mountain site located in Springfield, IL. The tenant is bound to a 15-year NNN lease. For more information, contact Roger D. Garrison, Garrison Group, Inc., 1999 Wabash Avenue, Suite 202, Springfield, IL 62704; 217-241-0202, Fax 217-241-4202; Email: roger@garrisongroupinc.com. SextonLester Cos. is looking to acquire power centers and malls located throughout New England. Suitable properties are priced below $50 million with a Cap rate of 8%. For more information, contact Kevin Turner, SextonLester Cos., 225 Franklin Street, Boston, MA 02110; 617-7218820, Fax 617-721-8850; Email: bostoncommercial@hotmail.com; Web site: www.sextonlester.com.
Marcus & Millichap Real Estate Investment Services negotiated the sale of a freestanding Verizon Wireless site located in Lake Charles, LA. The company is also selling an 11,000 sq.ft. The Learning Experience situated on four acres along Great Road in Littleton, MA. The tenant is bound to a 16-year NNN lease set to expire during January 2025 and featuring two, five-year options and 12% rent escalations every five years. Area demographics include a population within a five-mile radius earning an average household income of $145,065. The asking price is $3.403 million with a Cap rate of 8%. For more information regarding the LA site, contact Barry M. Wolfe or Michael S. Zimmerman, Marcus & Millichap Real Estate Investment Services; 954-245-3497/3501; Emails: bwolfe@marcusmillichap.com and mzimmerman@marcusmillichap.com. For more information regarding the MA site, contact Marcus & Millichap Real Estate Investment Services, 400 Fifth Avenue, Suite 105, Waltham, MA 02451; 781373-7100, Fax 781-373-7110; Web site: www.marcusmillichap.com. (continued on page eleven)
All information is subject to verification and no liability for omission is assumed. Price subject to change and listing may be withdrawn without notice.
NoW LeaSiNg Prime reTaiL SPace ThroughouT LoNg iSLaNd, maNhaTTaN, BrookLYN, QueeNS aNd NeW JerSeY Schuckman has been a leader in the industry representing both Landlords and Tenants for 30 Years.
Farmingville, New York | Horseblock Road & North Ocean Avenue Expressway Plaza Shopping Center
maJor TeNaNTS
• Available spaces are 3,200 square feet & 1,940 square feet. There are also two potential pad sites available with possible drive thru capability. • Proposed 45,000 Square Foot expansion • Shopping Center boasts over 225,000 square feet of retail stores and restaurants • Located at the heart of the Farmingville community on Horseblock Road and North Ocean Avenue
Selden, New York | Middle Country Road & Boyle Road Independence Plaza Shopping Center
maJor TeNaNTS
• Available spaces range from 1,200 square feet up to 18,000 square feet • All uses considered including restaurants • One of Long Island’s premier shopping centers • 265,000 Square Foot Shopping Center • Average Daily Traffic Count is over 36,000 cars per day Now Hiring Experienced sales people. Please send resume to resumes@schuckmanrealty.com 7600 Jericho Turnpike, Suite 105 | Woodbury, New York 11797 | 516-496-8888 | F: 516-496-8905 | WWW.SCHUCKMANREALTY.COM page 8
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Sources of Financing Leigh Financial Services provides permanent and bridge financing in amounts ranging from $1 million to $10 million for retail and mixed-use properties throughout CT, NJ and NY. For more information, contact Maury Gordon, Leigh Financial Services; 914-4727315; Email: maurygordon@aol.com. Dockerty Romer & Co. arranged $3 million in financing for Doval Investments, LLC for its 27,900 sq.ft. strip center located on U.S. Highway 1 in North Palm Beach, FL. The note featured a three-year term, a 6.25% interest rate and a 25-year amortization schedule. For more information, contact Joe Hepp, Dockerty Romer & Co., 70 Southeast 4th Avenue, Delray Beach, FL 33483; 561330-8000, Fax 561-330-8001; Email: drc@dockertyromer.com. Newbridge Investments, LLC provides hard-money financing for the acquisition, refinancing and rehabilitation of commercial properties. Notes are available with an 18% interest rate, a 30-year amortization schedule and a maximum loan-to-value ratio of 65%. For more information, contact John Broussard, Newbridge Investments, LLC, 10101 Southwest Freeway 211, Houston, TX 77074; 713-777-9996 Ext. 103, Fax 713-777-9990; Email: johnb.newbridge@gmail.com. Wien & Malkin Strategic Capital provides interest-only mezzanine loans along with preferred equity financing in amounts ranging from $2 million to $40 million for the acquisition, repositioning, workout, recapitalization and restructuring of existing retail properties nationwide. Notes are available for terms from two to 10 years. For more information, contact George S. Perry or Sean Meehan, Wien & Malkin Strategic Capital, 60 East 42nd Street, 26th Floor, New York, NY 10165; 212850-2725/2726, Fax 212-983-1385; Emails: gsperry@wmproperties.com and smeehan@wmproperties.com; Web site: www.wmproperties.com. Martin Capital Group, LLC provides bridge loans in amounts ranging from $2 million to $20 million and mezzanine financing starting at $2 million for retail properties. Notes are available for terms from six months to three years. Interest-only options are available. For more information, contact Craig Williams, Martin Capital Group, LLC, 1620 Walnut Street, Benton, KY 42025; 270-527-5382, Fax 270-398-0040; Email: craig@martin-capital.com; Web site: www.martin-capital.com. DM
Exclusives and Leasing Assignments Winick Realty Group (212-792-2635) represents Ricky’s NYC with the chain’s expansion throughout the New York, NY metropolitan area and South Beach, FL. The costume and beauty supply shop is seeking spaces from 2,000 sq.ft. to 3,000 sq.ft. for long-term leases and from 2,000 sq.ft. to 5,000 sq.ft. for short-term leases in upscale shopping and mixed-use centers. SRS Real Estate Partners (949-6981110/1103/1101) represents Dick’s Sporting Goods in the chain’s expansion throughout Orange, Los Angeles, Riverside, San Bernardino, San Luis Obispo, Santa Barbara and Ventura counties in CA. The sporting goods retailer is seeking spaces of 45,000 sq.ft. to 80,000 sq.ft. in regional lifestyle centers. National Commercial Brokers, Inc. (781453-0360) represents the following retailers with their expansion plans: Supercuts, Best Cuts and Cost Cutters, throughout New England excluding CT, seeking spaces of 900 sq.ft. to 1,200 sq.ft. in endcap and inline spaces in grocery-anchored shopping centers; Friendly’s, throughout New England, utilizing spaces of 2,400 sq.ft. to 3,500 sq.ft. in endcap spaces in grocery-anchored and lifestyle centers; El Pollo Loco, throughout New England, seeking spaces of 2,000 sq.ft. to 3,500 sq.ft. in endcap spaces and freestanding locations; Entertainment Cinemas, throughout the Northeast, seeking spaces of 30,000 sq.ft. to 50,000 sq.ft. situated on a land area of 10 acres; Primrose Schools, throughout MA and NH, seeking sites of 1.5 acres; Tuesday Morning, throughout eastern MA, seeking sites of 15,000 sq.ft.; Rainbow, throughout MA and RI, seeking sites of 4,000 sq.ft. to 10,000 sq.ft. in urban areas; Maurices, throughout ME, MA, NH and VT, seeking spaces of 5,000 sq.ft.; Blinds to Go, throughout New England, utilizing spaces of 4,000 sq.ft. to 5,000 sq.ft. in endcap spaces and freestanding locations; RA Sushi, throughout the Boston, MA metropolitan area, seeking spaces of 5,000 sq.ft. in endcap spaces; Benihana, throughout the Boston, MA metropolitan area, seeking sites of 7,200 sq.ft. in lifestyle centers; Fleming’s Steakhouse, throughout New England, seeking sites of 8,500 sq.ft. in freestanding locations and endcap spaces in lifestyle centers; The Oceanaire, throughout New England, utilizing spaces of 9,000 sq.ft. to 10,000 sq.ft. in urban areas; Mattress Giant, throughout New England, seeking spaces of 4,000 sq.ft. to 5,000 sq.ft. in endcap and inline spaces and freestanding locations, and Robeks, throughout MA, seeking spaces of 800 sq.ft. to 1,000 sq.ft. in endcap and inline spaces and lifestyle centers. www.dealmakers.net
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Greco Sackeim Realty Group (201-5670477) represents the following retailers with their expansion plans: Elevation Burger, throughout northern NJ, seeking spaces of 1,800 sq.ft. to 2,200 sq.ft. in lifestyle centers and downtown areas; Sweet & Sassy, throughout northern NJ, seeking spaces of 3,000 sq.ft. to 3,500 sq.ft. in strip centers and downtown areas; Rainbow, throughout CT, NJ and NY, seeking sites of 4,000 sq.ft. to 10,000 sq.ft. in strip centers, regional malls and downtown areas; Huntington Learning Center, throughout NJ and NY, utilizing spaces of 2,000 sq.ft. to 2,500 sq.ft. in strip centers and freestanding locations; Jamba Juice, throughout NJ, seeking sites of 1,200 sq.ft. to 1,500 sq.ft. in lifestyle and strip centers and downtown areas; Brinker International, seeking sites throughout NJ and Westchester County, NY of 15,000 sq.ft. to 17,000 sq.ft. in upscale lifestyle centers for Maggiano’s Little Italy, seeking spaces of 6,461 sq.ft. in pad sites throughout northern NJ for On the Border Mexican Grill and seeking spaces of 6,000 sq.ft. in pad sites throughout northern NJ for Chili’s; Office Depot, throughout northern NJ, seeking sites of 21,000 sq.ft. in freestanding locations and strip centers; Luxottica Retail, throughout northern NJ, seeking spaces of 800 sq.ft. to 1,200 sq.ft. for Sunglass Hut locations, 2,200 sq.ft. to 2,400 sq.ft. for Optique locations and 3,000 sq.ft. to 3,500 sq.ft. for Lenscrafters locations in endcap spaces, downtown areas, pad sites and lifestyle and strip centers; Portrait Innovations, throughout NJ, seeking spaces of 2,000 sq.ft. to 2,400 sq.ft. in lifestyle and strip centers; Essentials, throughout northern NJ and Long Island and Westchester, NY, seeking sites of 1,200 sq.ft. to 3,000 sq.ft. in regional malls, and QuickChek, throughout northern NJ and Rockland County, NY, seeking spaces of 5,000 sq.ft. to 7,000 sq.ft. in pad sites, neighborhood centers and freestanding locations situated on a land area D of two to three acres. M
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Who’s Opening and Where McAlister’s Corp. (601-952-1100) is slated to open three or four McAlister’s Deli locations throughout the Jackson, MS metropolitan area during the next several years. The company is testing a 2,500 sq.ft. concept, a deviation from the company’s traditional 3,600 sq.ft. footprint, that is expected to save the company 10% per store. The company recently opened two small footprint locations, one in Columbus, MS and one in a former Hardee’s site in Canton, MS. The company currently operates 287 units nationwide throughout 22 states. Family Dollar Stores, Inc. (704-847-6961) plans to open Family Dollar locations nationwide, as part of a plan to open 200 stores for its 2009 fiscal year ending next month. The company currently operates 6,700 units nationwide. Tommy Hilfiger Group (212-549-6388) will open a flagship Tommy Hilfiger location along Fifth Avenue in New York, NY during September. The company opened 100 stores, selling menswear, womenswear and children’s apparel, during its 2009 fiscal year and currently operates more than 900 units nationwide and internationally.
Men’s Wearhouse, Inc. (281-776-7200) plans to open at least eight Men’s Wearhouse locations this year. The company currently operates 1,284 clothing stores, offering business, casual and formal apparel for men, nationwide.
CVS Caremark Corp. (877-265-7325) is considering potential locations in the East Bay area of CA, and may open two or three CVS locations in the trade area this year. The stores will range in size from 15,000 sq.ft. to 18,000 sq.ft.
Best Buy Co., Inc. (612-291-1000) plans to open 13 Best Buy locations nationwide during the second quarter of its fiscal year, including the company’s first location in WY and its second in AK. The company currently operates 1,032 stores throughout 49 states nationwide and in Puerto Rico.
Chipotle Mexican Grill, Inc. (303-5954000) is planning to open Chipotle locations this year, including a location along Hiester Street in State College, PA that is slated to open next month. The State College location will occupy a portion of a former Cinema 5 site.
Metropolitan Theatres (310-858-2843) is slated to open a location at The Destination at West Haven, a mixeduse development situated on 225 acres at the intersection of 4000 South and Midland Drive in West Haven, UT. The theater will feature 12 screens with digital projection and surround sound, extrawide seating and optional self-serve concessions. Opening is slated for fall 2010. The company currently operates 21 locations throughout CA, CO, ID, UT and British Columbia, Canada.
Dollar General Corp. (615-855-4000) is slated to open 450 Dollar General discount stores this year, including four locations in Bonneau, McClellanville, Moncks Corner and Summerville, SC. The company currently operates 8,462 units nationwide including 25 in the Charleston, SC metropolitan area. Gold’s Gym International, Inc. (214-5744653), through franchisees, plans to open between four and eight Gold’s Gym locations in the East Bay area of CA by the end of 2010. The gyms will range in size from 10,000 sq.ft. to 50,000 sq.ft.
Choosing the Right Site is Crucial to Your Success Avoid Investing in Locations That Won’t Meet Your Revenue Expectations. It is imperative in today’s economy that you are right about your site location decisions. One bad site choice can cost you millions in lost revenue. Nielsen Claritas provides accurate answers to the following questions: • Where should I open new sites? • Which unproductive sites should I close? • Where are my best opportunities for expansion? With accurate demographics, robust technology and the largest partner network in the industry, our state-of-the-art solutions transform site location strategies into actionable plans for success.
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Buyers and Sellers
Who’s Opening and Where Aldi, Inc. (630-879-8100) is planning to open 25 Aldi private-label supermarkets throughout TX during the next several years, with openings beginning during the early part of 2010. Planned openings include stores along South Buckner Boulevard, Chrysalis Drive and Gaston Road in Dallas; at the intersection of Northwest Highway and Jackson Drive in Garland and at the intersection of East Belt Line Road and Plano Road in Richardson. The company will also open stores in a former Albertsons located at the intersection of Forest Lane and Audelia Road, in a former Minyard’s located along West Illinois Avenue and in a former DSW located along Preston Road in Dallas; in a former Albertsons located along Preston Road in Frisco; in an existing building located at the intersection of Buckingham Road and North Garland Road in Garland; in a former Save-A-Lot located along Gus Thomasson Road in Mesquite; in an existing building located at the intersection of Bowen Road and Park Row Drive in Pantego; in an existing building located at the intersection of Park Boulevard and Avenue K in Plano, and in a former Brookshire’s located at the intersection of Rowlett Road and State Highway 66 in Rowlett. The company currently operates 1,000 units nationwide throughout 30 states. Bed Bath & Beyond, Inc. (516-507-3410) is slated to open a 55,000 sq.ft. Bed Bath & Beyond location as well as a buybuy Baby store in a 125,000 sq.ft. former Home Depot Expo Design Center situated on 12 acres on Dallas North Tollway in Dallas, TX. The company also plans to open a buybuy Baby location in Austin, TX and at the intersection of U.S. Highway 75 and Parker Road in Plano, TX as well as six other locations throughout the Dallas, TX metropolitan area. The company currently operates 900 Bed Bath & Beyond locations nationwide and 12 buybuy Baby stores throughout the eastern U.S.
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Commercial Retail Advisors, LLC is selling Capin Plaza, a 4,736 sq.ft. strip center located at the intersection of Oracle Road and Magee Road in Tucson, AZ. The center is 100% occupied. Area retail includes Capin Car Wash and Discount Tire. The asking price is $1.75 million. For more information, contact Linda Montani, Commercial Retail Advisors, LLC, 2990 North Campbell Avenue, Suite 230, Tucson, AZ 85719; 520290-3200, Fax 520-751-7465; Email: lmontani@cradvisorsllc.com; Web site: www.cradvisorsllc.com.
Every growing retailer needs a little DRC.
Market America Realty and Investments is selling a former Drexel Heritage Furniture site located along U.S. 41 in southwest FL. The property includes a 20,000 sq.ft. showroom space along with a 39,000 sq.ft. warehouse space. The asking price is $4.998 million. A $2 million note with a fixed interest rate of 6.85% is available for assumption. For more information, contact Stephen Luta or Alec M. Luta, Market America Realty and Investments, 4314 Southwest 5th Avenue, Cape Coral, FL 33914; 800439-1580 Ext. 2, Fax 239-220-5039; Email: D M flccim@aol.com.
CROMWELL AVENUE SHOPS | ROCKY HILL, CT
New strip center anchored by CBT Bank. Great location on Cromwell Avenue just off Route 160 and I-91 in Hartford County. 11,500 SF office and retail space available with 4,200 SF approved for restaurant. Local area tenants: Big Y Supermarket, CVS, and Starbucks.
CROSS POINTE CENTRE | FAYETTEVILLE, NC
Located at the intersection of US 401 Bypass and Morganton Road, Cross Pointe Centre is a 237,167 SF power center anchored by Shoe Carnival, Staples, T.J. Maxx, Bed Bath & Beyond, ULTA and A.C. Moore. Cross Creek Mall is directly across the street. Other major retailers in the immediate area include Lowe’s, Target, Home Depot, Kohl’s and Hobby Lobby. 47,355 SF available in premier endcap space.
CROSS POINTE CENTRE | JACKSONVILLE, NC
196,214 SF power center featuring Marshalls, Goody's, Shoe Carnival, Books-A-Million, Cracker Barrel, Old Navy, Michaels, Lane Bryant, Pet Warehouse, and O'Charley's. Located in Onslow County on Western Boulevard near the Jacksonville Mall. 2,000 to 2,700 SF available.
Wal*Mart Stores, Inc. (479-273-4000) is slated to open a 41,000 sq.ft. Wal*Mart Neighborhood Market location at Barclay Square, a 98,000 sq.ft. center located at the intersection of Walsingham Road and Indian Rocks Road in Largo, FL. The opening is slated for this month.
PALMERONE FARMS | NEWBURGH, NY
28,800 SF neighborhood center on 10-acre site located at the hightraffic intersection of Routes 300 and 17K near Lowe’s, Home Depot, Kohl’s, Target, Stewart Airport and more. Anchor tenants include Longhorn Steakhouse, Chili’s and Panera Bread. 4,128 SF in-line space and 2,300 SF pad available.
SHOPS at OLD YORK | YORK COUNTY, PA
GameStop Corp. (817-424-2000) plans to open between 75 and 100 GameStop stores worldwide during the quarter, as part of a plan to open 400 locations during 2009. During the first quarter, the company opened 115 locations, including 69 nationwide and 46 internationally. The stores offer video games, consoles and accessories. DM
New 16-acre retail development site located on Old York Road right off the Pennsylvania Turnpike. 75,000 SF available along with two 1.5 acre pads, adjacent to operating CVS. Will build to suit. The entire site is fully approved and also available for an outright sale.
NEWTOWN SHOPS on MAIN | WILLIAMSBURG, VA 433 South Main Street West Hartford, CT 06110 T 860.561.0121 F 860.521.4323 developers-realty.com Kelly Voss | kelly@developers-realty.com
www.dealmakers.net
Now open! 253,000 SF center in the heart of a 365-acre mixed-use community center on Monticello Avenue featuring 1.7 million SF of specialty retail, office, residential and entertainment. Join Old Navy, Barnes & Noble, Panera Bread, Lane Bryant and many more! 1,171 to 10,778 SF retail space available. Two 9,000 SF on-site land parcels available for sale for office/retail.
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visit us at the new england idea exchange boston, ma | july 8–9, 2009 representing over 3 million square feet of properties leasing * tenant rep * investment sales east haven shopping center east haven, 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, Autozone, Wendy’s, Gelvani Liquors (opening soon) and many more • Available Now!
copaco shopping center bloomfield, connecticut
450,000 square foot center is expanding cottage grove road (route 218) • 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
land — route 3 rocky hill, connecticut
1.3 acres for lease or build to suit • Great location for financial institution, restaurant, fast food, retailer, hotel • Signalized intersection • 23,000 vehicles per day • Zoned commercial; gas, water, sewer available • Great visibility; strong demos; surrounded by office/distributors; access to Exit 23, I-91
phone: (860) 529-9000
fax: (860) 563-9667 www.newenglandretail.com
visit us at the new england idea exchange boston, ma | july 8–9, 2009 representing over 3 million square feet of properties leasing * tenant rep * investment sales the shoppes at cedar street newington, connecticut
proposed retail development 751 russell road at cedar street • Hotel, Retail Pads and Retail Strip Center Proposed Development • Five Mile Radius Population: 261,982 people • 40,000 SF of Potential Retail, Retail Pads & More
corner of allen & cooley streets (route 21) springfield, massachusetts
corner of allen & cooley streets (route 21) • Join Stop & Shop, Rite Aid and Lucky Nails • 8,675 Square Feet Remaining (can be divided) • Servicing Wilbraham, Ludlow, Springfield, Hampden & East Longmeadow • Great location in major retail area
gateway shopping plaza manchester, connecticut
deming street (buckland hills area) exit 63 off interstate 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
phone: (860) 529-9000
fax: (860) 563-9667 www.newenglandretail.com
Lease Signings Lee & Associates (608-327-4012) signed a lease with Byrds of Middleton for 3,493 sq.ft. on Frank Lloyd Wright Avenue in Middleton, WI. The company represented the landlord and the tenant in this transaction. Kowit & Passov Real Estate Group (216514-5100) negotiated a five-year lease with Buybacks for 5,000 sq.ft. at Trinity Square, located at the intersection of Howe Road and Buchholzer Road in Cuyahoga Falls, OH. The tenant joins Walgreens, Five Guys Famous Burgers and Fries and Penn Station. The company represented the landlord and the tenant in the transaction. The company also negotiated a five-year lease with Dollar Tree for an 11,984 sq.ft. freestanding building located on Tiffin Avenue in Findlay, OH. The company represented the tenant in the transaction. The company also negotiated a five-year lease with Great Clips for 1,200 sq.ft. at Liberty Plaza Shopping Center, located on Belmont Avenue in Youngstown, OH. The tenant joins Wal*Mart. The company represented the tenant in the transaction. The company also negotiated leases with Mobile Communications for a 2,200 sq.ft. AT&T Mobility store at Massillon Two Shopping Center, located in Massilon, OH and a 1,790 sq.ft. AT&T Mobility store on Graff Road in New Philadelphia, OH. The company represented the tenant in these transactions. The company also negotiated two leases with AutoZone; including a 15year lease for 7,000 sq.ft. on West Market Street in Fairlawn, OH and a 10-year lease for 10,139 sq.ft. on South Arlington in Akron, OH. The company represented the tenant in these transactions. Centro Properties Group (212-869-3000) signed a lease with Games Workshop for 1,350 sq.ft. at Royal Oaks Village, located at the intersection of Westheimer Road and Kirkwood Drive in Houston, TX. Webcor Commercial Real Estate represented the tenant in the transaction. The company also signed a lease with EZ Bargains for 26,061 sq.ft. at 69th Street Plaza, located at the intersection of 69th Street and Patterson Avenue in Upper Darby, PA. Legend Properties, Inc. represented the tenant in the transaction. The company also signed a lease with Retro Fitness for 11,291 sq.ft. at Monroe ShopRite Plaza, located at the intersection of 17M and Gilbert Street in Monroe, NY. Katz & Associates represented the tenant in the transaction. The company also signed a lease with One Love Jamaican Restaurant for 1,000 sq.ft. at Eisenhower Square, located at the intersection of Eisenhower Drive and Waters Avenue in Savannah, GA. page 14
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The Grossman Cos., Inc. (617-472-2000) renewed a lease with The Hair Cuttery of Greater Boston for 2,300 sq.ft. at Foodmaster Plaza, an 81,000 sq.ft. center located on Route 60/Salem Street in Medford, MA. The tenant joins Johnny’s Foodmaster Supermarket, Family Dollar, Rite Aid, Mike’s Gym, Great Cuts and Alexander Liquors. Goodman Real Estate Services Group, LLC (216-381-8200) negotiated the following leases throughout OH: with Bay Bubble Tea for space at Bay Village Square, located in Bay Village; with Guys Pizza for space at Center Station Plaza, located in Mentor, and with Steak On a Stone for space in Willoughby Commons, located in Willoughby. The Goldstein Group (201-703-9700) negotiated a lease with Verizon Wireless for 1,220 sq.ft. at Essex Square, located at the intersection of Route 17 and Essex Street in Lodi, NJ. The company represented the tenant and the landlord, Lodi Essex, LLC, in the transaction. The company also negotiated a lease with Sleepy’s for 8,300 sq.ft. on Palisades Avenue in Englewood, NJ. The company represented the landlord, Glenmore Management, in the transaction. The company also negotiated a lease with Planet Fitness for 12,388 sq.ft. at Roxbury Mall, located at the intersection of Route 10 and Commerce Boulevard in Ledgewood, NJ. The company represented the tenant in the transaction. The company also negotiated a lease with Hollywood Tans for 2,384 sq.ft. at The Square at Riverdale, located on Route 23 North in Riverdale, NJ. The company represented the tenant and the landlord, Riverdale Square, LLC, in the transaction. The company also negotiated a lease with Five Guys Famous Burgers and Fries for 2,578 sq.ft. on East Broad Street in Westfield, NJ. The company represented the landlord, A&R Westfield Broad Street, LLC, in the transaction. The company also negotiated a lease with Edible Arrangements for 1,800 sq.ft. at Berdan Square, a 30,000 sq.ft. mixeduse center located on Berdan Avenue in Wayne, NJ. The company represented the tenant in the transaction. The company also negotiated the following leases with Rita’s: in Essex Square, located at the intersection of Route 17 and Essex Street in Lodi, NJ; on Broadway in Bayonne, NJ; at Columbia Park Shopping Center, located on Kennedy Boulevard in North Bergen, NJ, and on South Orange Avenue in South Orange, NJ. DM
Lead Sheet dd’s Discounts Sarah Edwards c/o SRS Real Estate Partners 301 Howard Street, Suite 900 San Francisco, CA 94105 415-354-1466, Fax 415-908-4930 Email: sarah.edwards@srsre.com Web site: www.srsre.com
Apparel The 52-unit chain operates locations throughout AZ, CA, FL and TX. The stores, offering moderately-priced in-season, name-brand and fashion apparel, accessories and footwear, occupy spaces of 21,000 sq.ft. to 25,000 sq.ft. in grocery-anchored shopping centers. Growth opportunities are sought throughout the San Francisco Bay Area of CA during the coming 18 months, with representation by SRS Real Estate Partners.
Great Outdoor Clothing Stephen Meyers 341 Ski Way, Suite 201 Incline Village, NV 89451 775-832-9100, Fax 775-832-8088 Email: lois@greatoutdoorclothing.com Web site: www.greatoutdoorclothing.com
Apparel The 12-unit chain operates locations throughout AK, CA, CO, OR, UT and WA. The stores occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in outlet and tourist centers. Plans call for one opening in UT during the coming 18 months. Typical leases run five years with five-year options.
Limited Brands dba Pink Kim Menz 3 Limited Parkway Columbus, OH 43230 Fax 614-415-7450 Web site: www.limitedbrands.com
Apparel The nine-unit chain operates locations nationwide. The stores, offering apparel, intimate apparel, personal care items and accessories, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in malls, street fronts and power and specialty centers. Growth opportunities are sought throughout select markets nationwide and in Canada during the coming 18 months.
Sally Beauty Supply Jordan Cohn c/o Northwest Atlantic Real Estate Services 711 Westchester Avenue White Plains, NY 10604 914-328-2222, Fax 914-328-2121 Email: jordan@nwatlantic.com Web site: www.sallybeauty.com
Beauty Supplies The 2,700-unit chain operates locations nationwide. The stores, offering professional-quality products for hair, skin and nails to retail customers and salon professionals, occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in regional and neighborhood centers. Growth opportunities are sought throughout Westchester County, NY during the coming 18 months, with representation by Northwest Atlantic Real Estate Services. Preferred demographics include a population of 40,000 within three miles earning at least $35,000 as the average household income.
7-Eleven Lewis Finkelstein c/o The Goldstein Group 45 Eisenhower Drive Paramus, NJ 07652 201-703-9700 Ext. 22, Fax 201-703-9678 Email: lfinkelstein@thegoldsteingroup.com Web site: www.thegoldsteingroup.com
Convenience The 7,000-unit chain operates locations nationwide. The convenience stores occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding locations and endcap spaces in shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group.
Petr-All Petroleum Corp. dba Express Mart Convenience Stores Robbin Bresnahan 6567 Kinne Road Dewitt, NY 13214 315-446-0125, Fax 315-446-1355 Web site: www.expressmart.com
Convenience The 60-unit chain operates locations throughout NY. The convenience stores occupy spaces of 850 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought nationwide during the coming 18 months. The company is franchising.
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Lead Sheet Medicine Shoppe International, Inc. dba Medicine Shoppe and Medicap Pharmacy John Pittarelli 1 Rider Trail Plaza Drive, Suite 300 Earth City, MO 63045 314-993-6000, Fax 314-872-5303 Email: john.pittarelli@cardinalhealth.com Web site: www.medicaprx.com
Drug Store The 1,000-unit chain operates locations nationwide. The drug stores, specializing in prescription drugs, occupy spaces of 2,500 sq.ft. in freestanding locations and lifestyle and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include grocery stores. Preferred demographics include a population of 10,000 to 12,000 within two miles earning $30,000 as the average household income. Major competitors include CVS, Walgreens, Wal*Mart and Rite Aid.
Best Buy Tim McNamara c/o Sullivan Hayes Cos. 10 Waterside Drive, Suite 200 Farmington, CT 06032 860-677-5252, Fax 860-679-5260 Email: tmcnamara@sullivanhayesne.com Web site: www.bestbuy.com
Electronics The 1,300-unit chain operates locations nationwide and internationally. The stores, offering electronics, car accessories, GPS systems, cameras, computers, cell phones, office equipment, music, movies, books and appliances, occupy spaces of 30,000 sq.ft. in freestanding locations and endcap spaces in shopping centers. Growth opportunities are sought throughout upstate NY during the coming 18 months, with representation by Sullivan Hayes Cos.
Versent Corp. dba Laser Quest Randy Iaboni c/o Iaboni Real Estate, Inc. Email: randy@iabonirealestate.com Web site: www.laserquest.com
Entertainment The 50-unit chain operates locations nationwide and throughout Canada. The laser tag centers occupy spaces of 9,700 sq.ft. in freestanding locations and entertainment, power and strip centers. Growth opportunities are sought throughout the Northeast, CA, FL and Calgary, Canada during the coming 18 months, with representation by Iaboni Real Estate, Inc. Typical leases run 10 years. Preferred demographics include a population of 250,000 within five miles earning $50,000 as the median household income.
Putting Edge Corp. dba Putting Edge Jerry Vanderburgh 2010 Winston Park Drive, Suite 502 Oakville, Ontario, Canada L6H 5R7 905-855-5750, Fax 905-855-5745 Email: jerry@puttingedge.com Web site: www.puttingedge.com
Entertainment The 19-unit chain operates locations throughout CA, CO, FL, IL, MI, MO and PA as well as Nova Scotia, Ontario and Quebec, Canada. The indoor, glow-in-the-dark miniature golf facilities occupy spaces of 7,000 sq.ft. in entertainment centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. Preferred cotenants include movie theaters. Major competitors include Dave & Buster’s and bowling alleys. Preferred demographics include a population of 300,000 within 10 miles earning $55,000 as the average household income.
Amscot Financial Joseph Monaco 600 North Westshore Boulevard, Suite 1200 Tampa, FL 33609 813-637-6237, Fax 813-637-6232 Email: jmonaco@amscotfinancial.com Web site: www.amscotfinancial.com
Finance The 170-unit chain operates locations throughout central FL. The financial centers occupy spaces of 2,000 sq.ft. in inline spaces of shopping centers. Growth opportunities are sought throughout Brevard and Volusia, FL as well as the Orlando, FL metropolitan area during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 19,000 within three miles earning $35,000 as the average household income.
H&R Block Neil Denenberg c/o Denenberg Realty Advisors 230 Commercial Street Boston, MA 02109 617-720-5656, Fax 617-720-5676 Email: neil@denenbergrealty.com Web site: www.hrblock.com
Finance The 13,300-unit chain operates locations nationwide and internationally. The financial service centers occupy spaces of 800 sq.ft. to 1,200 sq.ft. in freestanding locations and inline and endcap spaces in mixed-use and power centers. Plans call for four openings throughout MA during the coming 18 months, with representation by Denenberg Realty Advisors.
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Lead Sheet L.A. Fitness International, LLC dba L.A. Fitness Sports Club Bill Horner 2600 Michelson Drive, 3rd Floor Irvine, CA 92612 949-255-7200 Email: billh@lafitness.com Web site: www.laclubs.com
Fitness The 305-unit chain operates locations throughout AZ, CA, CT, FL, GA, IL, IN, MA, MI, MD, MN, NJ, NY, OH, OR, PA, TX, VA, WA and WI as well as Ontario, Canada. The health and fitness centers occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations, urban/ downtown areas and power and strip centers. Plans call for 50 openings throughout the existing markets, excluding MA, MI and OH, during the coming 18 months. Typical leases run 15 years. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 70,000 within three miles earning $48,000 as the average household income. Major competitors include Bally Total Fitness and 24 Hour Fitness. A land area of four to five acres is required for freestanding locations.
Regis Corp. dba First Choice Haircutters Teresa Partridge 6465 Millcreek Drive, Suite 210 Mississauga, Ontario, Canada L5N 5R6 905-821-8555, Fax 905-567-7000 Email: teresa.partridge@regiscorp.com Web site: www.regiscorp.com
Hair The 400-unit chain operates locations throughout FL, MI, OH and Canada. The hair salons occupy spaces of 800 sq.ft. to 1,200 sq.ft. in strip centers. Growth opportunities are sought throughout Canada during the coming 18 months. Typical leases run five years with two, five-year options.
Toni & Guy USA, LLC dba Toni & Guy Jean Reasonover 3113 Kennison Court Plano, TX 75093 972-608-4612, Fax 972-407-7500 Email: jreasonover@toniguy.com Web site: www.toniguy.com
Hair The 60-unit chain operates locations nationwide. The hair salons occupy spaces of 1,500 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years with options.
Mead Lumber Co., Inc. dba Mead Building Centers Craig Bradshaw 2218 11th Street Columbus, NE 68601 402-564-5225, Fax 402-564-9948 Web site: www.meadlumber.com
Home The 17-unit chain operates locations throughout CO, KS, NE, OK and WY. The home improvement centers occupy spaces of 12,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Planet Beach Franchising Corp. dba Planet Beach Contempo Spa Ryan Stansbury 5161 Tara Vella Road Marerro, LA 70072 504-361-5550, Fax 504-361-5540 Email: ryan.stansbury@planetbeach.com Web site: www.planetbeach.com
Service The 381-unit chain operates locations nationwide and internationally. The spas, offering services including massage, facial and full-body treatments along with tanning and teeth whitening, all administered via automated equipment, occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in freestanding locations and entertainment, lifestyle, power, specialty and strip centers. Plans call for 70 to 80 openings throughout the existing markets during the coming 18 months. Typical leases run five years with two, five-year options. Specific improvements are required. Preferred cotenants include grocery stores, drug stores, Starbucks, Target and dry cleaners. Preferred demographics include a population of 35,000 within three miles earning $65,000 as the average household income. The company is franchising.
Boot Barn, Inc. dba Boot Barn Real Estate Manager 1636 West Collins Avenue Orange, CA 92867 714-288-8181, Fax 714-288-8182 Email: realestate@bootbarn.com Web site: www.bootbarn.com
Shoes The 81-unit chain operates locations throughout AZ, CA and NV. The stores, offering Western footwear and apparel, occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations and mixed-use and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run seven years with options. A vanilla shell is required.
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Lead Sheet Ron Jon Surf Shop of Florida dba Ron Jon Surf Shop Jacquie Youngs 3850 South Banana River Boulevard Cocoa Beach, FL 32931 321-799-8866, Fax 321-799-8874 Email: jacquiey@rjss.com Web site: www.ronjons.com
Specialty The eight-unit chain operates locations throughout FL, NJ and SC. The stores, offering surfboards, logo apparel and water sport equipment, occupy spaces of 8,000 sq.ft. to 15,000 sq.ft. in malls and entertainment and tourist centers. Plans call for two openings throughout AZ, TX and VA during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include tourist-based and entertainment retailers. Preferred demographics include a population of 200,000 within 10 miles earning $70,000 as the average household income. Major competitors include Zumiez, Tilly’s, Hollister and PacSun.
Winestyles Jonathan Tsai c/o InSite Realty Group 2850 Constellation Road Valencia, CA 91354 661-438-5005 Email: jt@insiterg.com Web site: www.insiterg.com
Specialty The 140-unit chain operates locations throughout AK, AL, AZ, CA, CO, FL, GA, IA, ID, IL, IN, LA, MI, MN, MO, NC, NE, NV, OH, OR, SC, TX, VA, WA and WI. The wine boutiques occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in lifestyle centers. Growth opportunities are sought throughout Los Angeles, Santa Clarita, San Fernando Valley and Ventura, CA during the coming 18 months, with representation by InSite Realty Group. Preferred cotenants include health and wellness concept retailers, bookstores, national coffe shops, health clubs, gyms and high-end retailers. Preferred demographics include a trade-area population of 5,000 earning $75,000 as the average household income.
Camellia Food Stores, Inc. dba Fresh Pride Dan Hopkins 1300 Diamond Springs Road, Suite 500 Virginia Beach, VA 23455 757-855-3371, Fax 757-853-7405
Supermarket The 14-unit chain operates locations throughout DE, MD and VA. The supermarkets occupy spaces of 17,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Dan’s Supreme Super Markets, Inc. dba Dan’s Key Food Richard Grobman 474 Fulton Avenue Hempstead, NY 11550 516-483-2400 Ext. 133, Fax 516-483-1586
Supermarket The 12-unit chain operates locations throughout NY. The supermarkets occupy spaces of 20,000 sq.ft. to 50,000 sq.ft. in downtown areas, freestanding locations and strip centers. Growth opportunities are sought throughout the New York, NY metropolitan area during the coming 18 months. Typical leases run 25 years.
Big D Stores Matthew Dweck or Nathan Azizo c/o The Dweck Group, LLC 39 West 14th Street, Suite 506 New York, NY 10011 212-290-1122 Emails: mdweck@thedweckgroup.com and nathan@thedweckgroup.com Web site: www.thedweckgroup.com
Variety The chain operates locations throughout NJ and the New York, NY metropolitan area. The stores, offering family apparel, housewares, linens and seasonal items, occupy spaces of 6,000 sq.ft. to 12,000 sq.ft. in downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by The Dweck Group, LLC.
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 18
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Retailers Expanding Throughout New England
Real Estate Professionals Making the News Grubb & Ellis Co. (714-975-2230) hired Scott Davis as vice president and director of the company’s Land Group. Davis will be responsible for directing all aspects of the group, including its business plan, overseeing the company’s current land practice group members and recruiting new talent. Prior to joining the company, Davis served as first vice president in the Houston office of CB Richard Ellis. The company also hired David K. Christensen as senior vice president. He will be responsible for assisting clients throughout the West Coast with their debt financing and equity needs. Prior to joining the company, Christensen served as executive vice president at Jones Lang LaSalle. The company is a commercial real estate services and investment firm with 130 companyowned and affiliate offices nationwide.
Sperry Van Ness/Lighthouse Commercial Realty (704-759-3800) hired Scott Alexander as an associate advisor. He specializes in the leasing and sale of freestanding, singletenant properties and multi-tenant retail centers. Prior to joining the company, Alexander worked in operations and purchasing for Ryan Homes. The company is a commercial real estate investment firm based in Charlotte, NC.
NAI San Diego (619-497-2255) hired Shirley Kanamu as associate vice president. She specializes in disposition and acquisition of development and investment properties throughout San Diego County, CA. Prior to joining the company, Kanamu served as associate broker at Award Commercial Properties. The company is an independently-operated, fullservice commercial real estate brokerage and property management firm.
Dune Capital Management LP (212-3018401) hired David Oliner as a partner in its Dune Real Estate Partners. He will also serve as a managing director and principal for the company as well as a member of the company’s investment committee. Prior to joining the company, Oliner served as a managing director and senior commercial mortgage trader at Morgan Stanley. The company is a D NY-based investment management firm. M
Breslin Realty Development Corp. (516-7417400) hired Shane Arters as vice president of acquisition. He will focus on growing and directing the company’s shopping center and retail pharmacy acquisitions throughout the Northeast. Prior to joining the company, Arters served as a real estate developer in the Pacific Southwest.
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Batteries Plus, LLC trades as Batteries Plus at 350 locations nationwide. The stores, offering batteries for cars, hearing aids, laptops and electronics, occupy spaces of 1,600 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include Home Depot, Lowe’s Home Improvement and Target. Preferred demographics include a population of 100,000 within five miles. The company is franchising. For more information, contact Nate Zelazoski, Batteries Plus, LLC, 925 Walnut Ridge Drive, Hartland, WI 53029; 262-912-3186, Fax 262912-3100;Email:nzelazoski@batteriesplus.com; Web site: www.batteriesplus.com. Li’l General, Inc. trades as Li’l General at nine locations throughout MA and RI. The convenience stores, offering produce, coffee, soup, salads and a deli department, occupy spaces of 2,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 30 years. For more information, contact Roger Lapierre, Li’l General, Inc., 571 Cumberland Hill Road, Woonsocket, RI 02895; 401-766D 8240, Fax 401-767-3369. M
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Danbury – Danbury Square, a 194,000 sq.ft. center located at the intersection of Backus Avenue and Kenosia Avenue, has spaces available of 1,443 sq.ft.; 3,500 sq.ft.; 4,400 sq.ft. and 5,525 sq.ft. Christmas Tree Shops, Barnes & Noble and David’s Bridal anchor the center. Area retail includes Toys “R” Us and Babies “R” Us. The asking rent ranges from $28 psf NNN to $32 psf NNN. Also, Airport Plaza, a 33,000 sq.ft. center located at the intersection of Backus Avenue and Kenosia Avenue, has an 8,116 sq.ft. space available. Fortunoff, Sleepy’s and Cold Stone Creamery
anchor the center. Cotenants include a planned Chuck E. Cheese’s. The asking rent is $28 psf NNN. Darien – Goodwives Shopping Center, a 95,000 sq.ft. center located on Old Kings Highway, has a 2,458 sq.ft. space available. Shaw’s Supermarket, Rugged Bear, Learning Express, Baskin Robbins, Stride Rite and Swoozie’s anchor the center. The asking rent is $40 psf NNN. Monroe – Starbucks Plaza, a 10,100 sq.ft. center located on Route 25, has spaces available of 1,295 sq.ft. and 1,682 sq.ft. Starbucks and Hudson City Savings Bank anchor the center. The asking rent is $26
psf NNN. Ridgefield – Ridgefield Center, a 51,000 sq.ft. downtown center located at the intersection of Main Street and Bailey Avenue, has spaces available of 800 sq.ft.; 920 sq.ft.; 990 sq.ft. and 2,150 sq.ft. The asking rent ranges from $24 psf to $38 psf. Stamford – Ridgeway Shopping Center, a 350,000 sq.ft. center located between Summer Street and Bedford Street, has a 2,350 sq.ft. space available. Stop & Shop anchors the center and cotenants include Marshalls, Bed Bath & Beyond, Staples, Modell’s, Party City, CVS, Old Navy and LA Fitness. The asking rent is $55 psf NNN. Stratford – The Dock Shopping Center, a 269,000 sq.ft. center located at the intersection of Ferry Boulevard, Route 1 and Route 110, has spaces available from 1,750 sq.ft. to 16,159 sq.ft. Super Stop & Shop, BJ’s Wholesale Club, Staples and Petco anchor the center. The asking rent ranges from $20 psf to $35 psf. Westport – Greens Farms Plaza, a 39,000 sq.ft. center located on Boston Post Road, has a 14,100 sq.ft. space available. Pier 1 Imports, Munson’s Chocolates, Coco Spa and Curves anchor the center. The asking rent is $35 psf NNN. Wilton – Gateway Center, a 139,000 sq.ft. center located on Route 7, has spaces available of 1,600 sq.ft.; 3,200 sq.ft. and 11,703 sq.ft. T.J. Maxx, Borders, Outback Steakhouse and Zeytinia Gourmet Market anchor the center. The asking rent ranges from $24 psf to $35 psf NNN. For details, contact Linda Lacey, Kathleen Allen or Christine Tomczyk, Urstadt Biddle Properties, Inc.; 203-863-8202/8219/8212; Emails: llacey@ubproperties.com, kallen@ubproperties.com and ctomczyk@ubproperties.com; Web site: www.ubproperties.com.
E S E H T E K I L S E TIM ! E N O Z O T U A R O CALL F
Growing Strong...Over 4,300 stores, and we open more every week Stores That Are 100% Company Owned And Operated...No franchisees Financially Disciplined...We make the right decisions to protect our shareholders Reliable...Whether purchase money or rent, our funds will be there...on time, every time Rock Solid...AutoZone continues to grow and prosper during these challenging times
+ Stores typically range from 6,500 square feet to 8,000 square feet + Must accommodate between 25 and 40 uncongested, customer-friendly parking spaces + We require up-front, high-impact locations with excellent visibility & access from adjacent streets + Land purchases, ground leases, existing space, and build-to-suit opportunities considered
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,100 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and over 150 stores in Mexico.
Illinois Chicago – South Elgin Commons, a 45,000 sq.ft. strip center located at the intersection of Randall Road and Thornwood Avenue, has space available. LA Fitness anchors the center and SuperTarget shadow-anchors the center. Area demographics include a population of 404,718 within 10 miles earning $93,821 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.
Maine Visit our website at www.autozonerealestate.com for additional information STORE DEVELOPMENT DEPT. | P.O. BOX 2198 | MEMPHIS, TN 38101 | FAX: [901] 495–8969 ©2009 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.
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Bangor – Stillwater Plaza, located at the intersection of Stillwater Avenue and Gilman (continued on page twenty-two)
visit us at the new england idea exchange boston, ma | july 8–9, 2009 representing over 3 million square feet of properties leasing * tenant rep * investment sales tractor supply plaza putnam, connecticut
32,000 square foot shopping center providence pike (route 44) • 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
colonial plaza waterbury, connecticut
225,000 square foot shopping center thomaston avenue • Join Compare Foods, Dollar Dreams, Dunkin Donuts, Wendy’s, Crown Fried Chicken and more • Immediate occupancy • 832 - 34,512 Square Feet remain for lease; subdividable • Competitive rates
hadley corner hadley, massachusetts
russell street (route 9) hadley/amherst, massachusetts • Located on Route 9 (Russell Street) Retail Corridor. • 2,000 - 40,000 Sq. Ft. Units Available • Join Home Depot in this high traffic location • Neighbors include: Walmart, Barnes & Noble, Old Navy, Best Buy, Target, JC Penney and many more
phone: (860) 529-9000
fax: (860) 563-9667 www.newenglandretail.com
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Road, has an outparcel available. Home Depot anchors the center and cotenants include Chili’s and Dollar Tree. Area retail includes Bangor Mall. Area demographics include a population of 107,450 within 15 miles earning $54,797 as the average household income. For details, contact Jim Lavelle, The Widewaters Group, 5786 Widewaters Parkway, PO Box 0003, DeWitt, NY 13214; 315-445-8613, Fax 315-445-8570; Email: jlavelle@widewaters.com. Rockland – Harbor Plaza, a 187,000 sq.ft. center located at the intersection of U.S. Route 1 and Glen Street, has spaces available of 1,050 sq.ft.; 1,750 sq.ft. and 3,500 sq.ft. along with a divisible space of 8,015 sq.ft. For details, contact Phil Kling, ATS Realty, 1601 Trapelo Road, Suite 250, Waltham, MA 02451; 781-672-0200, Fax 781-672-0277; Web site: www.atsrealty.com. Topsham – Topsham Crossing, a 220,757 sq.ft. center located on Topsham Fair Mall Road, has a 1,786 sq.ft. space available along with a divisible space of 2,385 sq.ft. and a 7,200 sq.ft. outparcel. Target anchors the center and cotenants include Petco, Dick’s Sporting Goods, Bed Bath & Beyond, GameStop, Supercuts and Sally Beauty Supply. Area retail includes Home Depot, Best Buy, Village Candle, Petland, Hannaford, Starbucks, McDonald’s and Arby’s. Area demographics include a population of 122,366 within 15 miles earning $66,496 as the average household income. For details, contact Drew Sigfridson or Nate Stevens, CB Richard Ellis|The Boulos Co., One Canal Plaza, Suite 500, Portland, ME 04101; 207-772-1333, Fax 207-8711288; Emails: dsigfridson@boulos.com and nstevens@boulos.com; Web site: www.boulos.com.
Maryland Bowie – Collington Plaza, a 121,975 sq.ft. center located at the intersection of Highway 301/Crain Highway and Excalibur Road, has spaces available of 2,000 sq.ft. and 2,624 sq.ft. along with a divisible space of 15,000 sq.ft. Giant anchors the center and Wal*Mart shadow-anchors the site. Cotenants include NASA Federal Credit Union, Lee’s Nails & Day Spa, Finance Maryland, America’s Best Contacts & Eyeglasses, National Beauty, Sally Beauty Supply, Hair Cuttery, GNC, The UPS Store, New China Restaurant, Mattress Discounters, 7-Eleven and Chevy page 22
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Chase Bank. Area demographics include a population of 88,660 within five miles earning $105,658 as the median household income. The average daily traffic count is 61,170 vehicles. For details, contact Marcus Bourn or Andrew Rose, Next Realty Mid Atlantic, LLC, 1750 Old Meadow Road, Suite 250, McLean, VA 222102; 703-4424500 Ext. 20/26, Fax 703-442-8818; Emails: mbourn@nextrealty.com and arose@nextrealty.com.
Outback Steakhouse. Area demographics include a population of 291,456 within five miles earning $112,911 as the average household income. For details, contact Jerry Taylor, Combined Properties, 1255 22nd Street Northwest, Suite 600, Washington, D.C. 20037; 202-736-2853, Fax 202-833-3013; Email: jtaylor@combined.biz; Web site: www.combined.biz.
Greenbelt – Beltway Plaza Mall, located on Greenbelt Road, has space available. Academy Stadium Theatres, Burlington Coat Factory, CVS, Giant, Gold’s Gym, Jo-Ann Fabrics, Marshalls, Party City, Planet Fun and Target anchor the center. Area retail includes Staples, Ross Dress for Less, Bally’s Fitness, Old Navy and REI. Area demographics include a population of 359,348 within five miles earning $57,467 as the average household income. Hyattsville – University Plaza Shopping Center and Office Complex, a 195,000 sq.ft. mixed-use center located at the intersection of Route 193/University Boulevard and Route 212/Riggs Road, has space available. National Wholesale Liquidators and AutoZone anchor the center. Cotenants include Happy Garden, Super Value Flowers, Three Brothers Pizza, El Triunfo, Shina’s Beauty, Vee Nails, Pollo Primo II, Giant Express and Video 95. Area demographics include a population of 896,000 within seven miles earning $64,500 as the average household income. Ocean City – Gold Coast Mall, located at the intersection of 115th Street and Coastal Highway, has space available. Super Fresh anchors the center and cotenants include Rite Aid, Three Brothers Pizza, Gold’s Gym, Denny’s, RadioShack, GNC and Gold Coast 4 Cinemas. Also, Northside Mall, a mixed-use center located on Coastal Highway, has space available. Cotenants include Blue Ox Steakhouse and Olive Tree Restaurant, along with Bank of Del Marva occupying a pad site. For details, contact Fred Wine, Quantum Cos., 4912 Del Ray Avenue, Bethesda, MD 20814; 301-657-9900 Ext. 132, Fax 301-6578412; Email: fwine@quantumco.net.
Brockton – Crescent Plaza, a 219,146 sq.ft. community center located on Route 27/Crescent Street, has spaces available of 2,624 sq.ft. and 8,627 sq.ft. Home Depot and Shaw’s Supermarket anchor the center. Cotenants include Fashion Bug, Expressions, Dots, GNC, GameStop, Kool Smiles, Sleepy’s, Payless ShoeSource and Bank of America. Area demographics include a population of 168,246 within five miles earning $61,367 as the average household income. For details, contact Janine Forte, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800227-5570. Hyannis – Festival at Hyannis Shopping Center, a 231,622 sq.ft. center situated on 27.16 acres between Hadaway Road and Iyannough Road, has spaces available of 1,600 sq.ft. and 7,657 sq.ft. Shaw’s Supermarket, HomeGoods and PetSmart anchor the center. Cotenants include Jenny Craig, Toys “R” Us, Babies “R” Us, Newbury Comics, Blockbuster Video, Verizon Wireless, Rugged Bear, Old Country Buffet, Rent-A-Center, Payless ShoeSource, The UPS Store, Outback Steakhouse, Party Universe, Quiznos, Cold Stone Creamery, The Vitamin Shoppe, Lenscrafters and Pier 1 Imports. Area demographics include a population of 50,203 within five miles earning $70,144 as the average household income. For details, contact Tim Collier, Kimco Realty, 433 South Main Street, Suite 322, West Hartford, CT 06110; 860-561-0607; Email: tcollier@kimcorealty.com.
Silver Spring – Aspen Manor Shopping Center, a 45,000 sq.ft. center located at the intersection of Georgia Avenue and Aspen Hill Road, has space available. Lotte Plaza Market and Advance Auto anchor the center. Cotenants include For Eyes, Georgia Market, Magic Cut Hair Salon, LNH Nails, Family Financial Centers, Pizza Hut and LaMixteca. Area retail includes Carrabba’s and
West Springfield – An 8,000 sq.ft. center situated on 1.25 acres on Riverdale Street has a 4,700 sq.ft. space available. Area retail includes Verizon Wireless, Wells Fargo, Kohl’s, Home Depot, Costco and Dick’s Sporting Goods. Area demographics include a population of 213,842 within five miles earning $45,781 as the average household income. The average daily traffic count is
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New Hampshire
New Hampshire
36,600 vehicles. The asking rent is $11.25 psf with taxes of $2.34 psf. For details, contact Robert Crum or Len Weiselberg, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-546-7767 Ext. 117/112, Fax 561955-9921; Emails: rcrum@kinproperties.com and lweiselberg@kinproperties.com; Web site: www.kinproperties.com.
6,400 sq.ft.; 8,000 sq.ft.; 32,000 sq.ft. and 40,000 sq.ft. For details, contact Mark Thibeault, ATS Realty, 1601 Trapelo Road, Suite 250, Waltham, MA 02451; 781-6720200, Fax 781-672-0277; Web site: www.atsrealty.com.
K&T Nails, Sally Beauty Supply, GNC, Bath & Body Works, Payless ShoeSource, Jo-Ann Fabrics, Olympia Sport Center, GameStop and Eye Appeal. Area demographics include a population of 82,000 within seven miles earning $81,754 as the average household income. For details, contact Mark Potter, Centro Properties Group, 131 Dartmouth Street, Sixth Floor, Boston, MA 02116; 617-2472200; Email: mark.potter@centroprop.com; Web site: www.centroprop.com.
Michigan Muskegon – A 5,000 sq.ft. freestanding restaurant situated on 0.94 acres on East Apple Avenue is available. Area retail includes Kmart, Rent-A-Center, Advance Auto and Family Dollar. Area demographics include a population of 104,869 within five miles earning $46,905 as the average household income. The average daily traffic count is 16,000 vehicles. The asking rent is $9.95 psf NNN with taxes of $0.44 psf. Sterling Heights – A 7,000 sq.ft. center situated on 1.15 acres on Van Dyke Avenue has a 1,700 sq.ft. space available. Cotenants include Rent-A-Center. Area retail includes Kroger, Walgreens, Save-On, BJ’s Wholesale Club, Kmart and Lakeside Mall. Area demographics include a population of 256,900 within five miles earning $63,430 as the average household income. The asking rent is $12 psf NNN with taxes of $1.57 psf. For details, contact Robert Crum or Len Weiselberg, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-546-7767 Ext. 117/112, Fax 561955-9921; Emails: rcrum@kinproperties.com and lweiselberg@kinproperties.com; Web site: www.kinproperties.com.
New Hampshire Manchester – Manchester Commons, a 170,000 sq.ft. center located on South Willow Street, has spaces available from 1,200 sq.ft. to 8,500 sq.ft. Merrimack – Merrimack Village Center, a 91,692 sq.ft. center located at the intersection of Continental Boulevard and Camp Sargent Road, has a 12,392 sq.ft. space available along with two pad sites. Milford – Lordens Plaza, a 148,802 sq.ft. center located on Route 101A/Nashua Street, has spaces available of 1,200 sq.ft.; 1,600 sq.ft. and 2,400 sq.ft. New London – New London Shopping Center, a 106,470 sq.ft. center located on Newport Road, has spaces available from 1,000 sq.ft. to 2,500 sq.ft. West Lebanon – River Landing Shopping Center, a center situated on 14 acres at the intersection of South Main Street and Glen Road, has spaces available of
Seabrook – Seacoast Shopping Center, a 91,690 sq.ft. center located on Lafayette Road, has spaces available of 3,000 sq.ft. and 4,200 sq.ft. Wal*Mart shadow-anchors the center and cotenants include Shaw’s Supermarket,
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The best of both worlds! Urstadt Biddle Properties Inc. is the dominant grocery-anchored shopping center owner in the Westchester/Fairfield County markets. We currently have big box availabilities in:
NEW YORK
CONNECTICUT
THE DOCK SHOPPING CENTER Stratford
THE SHOPPES @ EASTCHESTER Scarsdale
16,000 SF Available
12,703 SF Anchor Space Available
269,000 SF Total GLA
70,000 SF Total GLA
Located near the new BJ’s Wholesale Club. Join Petco and Staples.
Food Emporium anchored center. High visibility on White Plains Road (Route 22).
UBP owns 43 properties containing over 3.8 million square feet. For leasing information, contact Linda Lacey x202. For acquisition information, contact Jim Aries x224.
321 Railroad Avenue • Greenwich, CT 06830 203-863-8200 • Fax: 203-861-6755 • www.ubproperties.com
UBA UBP
Listed
Visit us at C-160 L Street at RECon 2009!
The best of both worlds! Urstadt Biddle Properties Inc. is the dominant grocery-anchored shopping center owner in the Westchester/Fairfield County markets. We currently have big box availabilities in:
CONNECTICUT
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THE DOCK SHOPPING CENTER Stratford
NEW YORK
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THE SHOPPES @ EASTCHESTER Scarsdale
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Englewood – The Brownstones at Englewood, a mixed-use center, has spaces available of 800 sq.ft.; 2,046 sq.ft. and 2,304 sq.ft. Cotenants include It’s a Grind, The Little Gym and GolfTec. Area demographics include a population of 4.471 million within 10 miles. Saddle Brook – A 13,000 sq.ft. center located on North Midland Avenue has spaces available of 5,576 sq.ft. and 7,200 sq.ft. Area demographics include a population of 1.653 million within 10 miles earning $96,322 as the average household income. For details regarding the Englewood property, contact Kathy DiMaria, Silbert Realty & Management Co., Inc., 85A Division Avenue, Millington, NJ 07946; 908-604-6900, Fax 908-604-2030; Email: kdimaria@silbertrealestate.com; Web site: www.silbertrealestate.com. For details regarding the Saddle Brook property, contact Wayne Kasbar; Email: wkasbar@silbertrealestate.com. Ledgewood – Ledgewood Mall, a 518,246 sq.ft. regional mall located at the intersection of State Route 10 and Mary Louise Avenue, has spaces available from 818 sq.ft. to 29,019 sq.ft. Wal*Mart, Macy’s, The Sports Authority, Marshalls and Barnes & Noble anchor the center. Cotenants include Ashley Furniture, Hallmark, Payless ShoeSource, Just-A-Buck, Bath & Body Works, W. Kodak Jewelers, Curves, Jo-Ann Fabrics, Ladders, In the Spotlights, Music Den, Diamond Dream Jewelry, That’s Italian, Gentry Men’s Salon, Perfume Shop, Perc Up!, Bijou Bijou, Fashion Bug, Wonder Nails, Weight Watchers, Cutting Crew, Colorama One Hour Photo, B&B Eye Associates and Puffin Jewelry. Area retail includes Roxbury Mall, featuring Kohl’s, Shop Rite, Home Depot and Staples. Area demographics include a population of 286,127 within 10 miles earning $105,882 as the average household income. For details, contact Michael Dobeck, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-227-5570. Oakland – A center located on Route 202 has a 21,000 sq.ft. former Drug Fair available. Cotenants include U.S. Postal Service and Dunkin’ Donuts. For details, contact Lew Finkelstein, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-7039700 Ext. 22, Fax 201-703-9678; Email: lfinkelstein@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. page 24
July 10, 2009
The
New Jersey
New York
River Vale – River Vale Corners, a 13,000 sq.ft. strip center located at the intersection of Westwood Avenue and River Vale Road, has a 2,750 sq.ft. endcap space with a full basement available. Cotenants include Subway. Area demographics include a population within three miles earning $127,000 as the average household income. The asking rent is $24 psf with CAM of $2 psf and taxes of $4 psf. For details, contact David Atkind, Atkind Realty, 301 Route 17 North, Suite 800, Rutherford, NJ 07070; 973-746-3530; Email: daveatk@aol.com.
199,631 within 10 miles earning $105,093 as the average household income. For details regarding Fordham Place, contact Michael Dobeck or Joshua Guthartz, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-227-5570. For details regarding all other properties, contact Karalynn Holbrook.
New York Bronx – A 14,668 sq.ft. center located at the intersection of Edson Avenue and Bartow Avenue has a 1,542 sq.ft. space available. Cotenants include Sleepy’s, ATN Check Cashing, Pizza Hut/Wing Street and Subway. Area demographics include a population of 567,476 within three miles earning $47,643 as the average household income. Also, Fordham Place, a 276,475 sq.ft. mixed-use center located at the intersection of East Fordham Road and Webster Avenue, has space available. Sears, Walgreens, Best Buy and 24 Hour Fitness anchor the center. Cotenants include HealthFirst and Bank of America. Area demographics include a population of 1.205 million within three miles earning $38,298 as the average household income. Pomona – Pacesetter Park Shopping Center, a 92,860 sq.ft. center located on U.S. Route 202, has spaces available of 1,492 sq.ft.; 1,891 sq.ft.; 2,373 sq.ft. and 3,838 sq.ft. Stop & Shop anchors the center and cotenants include JP Morgan Chase, Visible Changes, Avanti Restaurant, Captain Video, Touch of Class Cleaners, Subway, Curves, Pomona Oriental, Trustco Bank, Rona’s Boutique, Pomona Chophouse, Sunny Nails, EyeMagination, Paint ‘N Place, Allstate Insurance and The UPS Store. Area demographics include a population of 129,143 within five miles earning $102,767 as the average household income. Smithtown – The Branch Plaza, a 125,751 sq.ft. neighborhood center located on East Main Street, has spaces available of 3,205 sq.ft. and 4,693 sq.ft. Waldbaum’s anchors the center and cotenants include AT&T Mobility, Subway, The Little Gym, Pet Supplies Plus, CVS, Blockbuster Video, John’s Branch Barber, Hallmark, Tour International, Angel Tips, Cartridge World, Ben & Jerry’s, Old Street Pub, Buona Sera Restaurant and North Fork Bank. Area demographics include a population of
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Yonkers – A 7,920 sq.ft. freestanding building situated on 0.5 acres on Central Avenue is available. Area retail includes Burlington Coat Factory, Pathmark and CVS. Area demographics include a population of 392,382 within five miles earning $112,719 as the average household income. The asking rent is $38 psf NNN with taxes of $5.98 psf. For details, contact Len Weiselberg or Lee Cherney, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-546-7767 Ext. 112/111, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com and lcherney@kinproperties.com; Web site: www.kinproperties.com.
Pennsylvania Brentwood – Brentwood Towne Square, a mixed-use center located between Brownsville Road and Route 51, has spaces available of 1,254 sq.ft.; 2,175 sq.ft.; 3,185 sq.ft. and 6,496 sq.ft. Giant Eagle anchors the center and cotenants include T-Mobile, GameStop, Caribou Coffee, Italian Oven Café and Imperial Plaza. Area demographics include a population of 539,399 within seven miles earning $49,523 as the median household income. The average daily traffic count is 65,000 vehicles. Cranberry Township – Cranberry Commons, located on Route 228, has spaces available from 3,000 sq.ft. to 31,296 sq.ft. Target, Kohl’s and Lowe’s Home Improvement anchor the center. Cotenants include Lane Bryant, T.J. Maxx, PetSmart, Family Christian Stores, Staples, LoneStar Steakhouse, Applebee’s, Philly Pretzel, Johnny’s Lunch, Sport Clips, AT&T Mobility, Famous Footwear, McDonald’s, Dollar Bank, Starbucks, Loafers Bread Co., Philip Pelusi, GameStop, Payless ShoeSource, Hobby Express, GNC, BeautyFirst, Ritz Camera, Allegheny Diamond Mine and Quiznos. Area demographics include a population of 102,260 within seven miles earning $89,277 as the median household income. The average daily traffic count is 38,000 vehicles. Delmont – Delmont Retail Center, located on Route 22, has a 4,800 sq.ft. endcap space available along with two (continued on page twenty-six)
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Space Place Pennsylvania
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spaces of 1,200 sq.ft. Wal*Mart shadowanchors the center and cotenants include Jade Garden, Sixpack Shop, Tropix Tanning, American Music, Joe Wireless and Subway. Area demographics include a population of 91,992 within seven miles earning $55,302 as the median household income. The average daily traffic count is 22,000 vehicles. Monroeville – Holiday Center, located on Route 22, has spaces available from 900 sq.ft. to 3,076 sq.ft. PetSmart, Bed Bath & Beyond and Michaels anchor the center. Cotenants include LC Nails, Borics, Stride Rite, Plato’s Closet, Once Upon A Child, H&R Block, T-Mobile, Men’s Wearhouse, David’s Bridal, CD Warehouse, Half Price Books, Family Christian Bookstore, Sylvan Learning Center and Jared – The Galleria of Jewelry. Area retail includes Monroeville Mall. Area demographics include a population of 312,965 within seven miles earning $48,040 as the median household income. The average daily traffic count is 35,000 vehicles. Mt. Lebanon – The Galleria of Mt. Lebanon, located at the intersection of Route 19 and Gilkeson Road, has a 3,350 sq.ft. upper-level space available
Pennsylvania
Pennsylvania
along with lower-level spaces of 1,721 sq.ft.; 2,415 sq.ft. and 6,259 sq.ft. Cotenants include Panera Bread, Today’s Tiffany Lamp Co., Mitchell’s Fish Market, Learning Express, Track n’ Trail, H. Baskin Clothier, Signatures, Tutto Bella, Amigos Restaurant & Cantina, Anthropologie, Carmike Cinemas, Jernigan’s, Jezebel, Pottery Barn Kids, Coldwater Creek, Janie & Jack, Ann Taylor, Godiva, Mimi Maternity, Talbots, Bravo!, Larrimor’s, Crabtree & Evelyn, Restoration Hardware, Starbucks, Gymboree, Williams-Sonoma, Cache, Houlihan’s, Chico’s and Footloose. Area demographics include a population of 408,370 within seven miles earning $56,726 as the median household income. Pittsburgh – Wexford Plaza, located on Route 19, has spaces available from 2,000 sq.ft. to 6,000 sq.ft. Rite Aid anchors the center and cotenants include GolfTec, Drayer PT, Above All Salon & Spa, Pearl Vision, Brueggers Bagels, Jack’s Tuxedo, Once Upon A Child, Eyetique, Dollar Bank, Miyako, H&R Block, Gymboree, Wexford Beer, Hollywood Tan, Johnston The Florist, Loafers Bread Co., Leone Animal Supply, The UPS Store, Starbucks, GNC, Jersey Mike’s Subs, Owl Cleaners, PNC Bank,
Arby’s, National City Bank and Pizza Hut. Area demographics include a population of 172,234 within seven miles earning $80,519 as the median household income. The average daily traffic count is 23,000 vehicles. For details, contact Michelle Parolini, Echo Retail, 701 Alpha Drive, Pittsburgh, PA 15238; 412-968-1662; Email: mparolini@echoretail.com; Web site: www.echoretail.com.
Ria K. McNamara Inc. Retail Real Estate
Serving New England markets Phone: 508-254-7676 Fax: 508-435-3369 ria@retailre.com
Retail leasing, tenant representation, consulting & brokerage Landlord representation including: The Cohen Family The Alevizos Family The Sherman Family The Leiser Family The Wolf Family The DiGeronimo Family plus other New England Families.
Reading – Fairgrounds Square Mall, a 700,000 sq.ft. center located on North Fifth Street Highway, has a 12,000 sq.ft. space available. Cotenants include JCPenney, Boscov’s, Burlington Coat Factory, Cinema Center, Planet Fitness, Super Shoes, Foot Locker, FYE, Spencers Gifts and Applebee’s. Area retail includes Wal*Mart and Target. For details, contact Scott E. Borsky, Jager Management, Inc., 610 Old York Road, Jenkintown, PA 19046; 215-690-3220, Fax 215-690-3226; Email: scott@jagermgt.com; Web site: www.shopatfairgrounds.com. Selinsgrove – A 7,000 sq.ft. freestanding building situated on 0.75 acres on North Susquehanna Trail is available. Area retail includes Lowe’s Home Improvement, Wal*Mart, Sears, JCPenney, Boscov’s, The Bon-Ton, Weiss Market and Target. Area demographics include a population of 33,133 within five miles earning $49,931 as the average household income. The average daily traffic count is 31,000 vehicles. The asking rent is $8.95 psf NNN with taxes of $1 psf. Warminster – A 4,860 sq.ft. center situated on 0.94 acres on York Road has a divisible space available. Area retail includes Giant, T.J. Maxx, Rite Aid, Kohl’s, Ross Dress for Less and Starbucks. Area demographics include a population of 167,217 within five miles earning $90,349 as the average household income. The average daily traffic count is 26,000 vehicles. The asking rent is $14.75 psf NNN with taxes of $3.38 psf. For details, contact Len Weiselberg or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-546-7767 Ext. 112/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.
Rhode Island Cranston – 40 Sockanosset, a 22,984 sq.ft. center located on Sockanosset Cross Road, has a 19,614 sq.ft. space available. Cotenants (continued on page twenty-eight)
page 26
July 10, 2009
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Space Place Rhode Island
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include Pawtucket Credit Union. Area retail includes REI, Whole Foods Market, Borders, Shaw’s Supermarket, Ted’s Montana Grill, OfficeMax, Papa Razzi, Panera Bread, Pier 1 Imports, Gap, Talbots and Chicos. Area demographics include a population of 273,526 within five miles earning $52,292 as the average household income. The average daily traffic count is 22,000 vehicles. Westerly – Westerly Crossings Shopping Center, a 151,770 sq.ft. center located at the intersection of Route 1 and Route 78/Airport Road, has spaces available from 2,578 sq.ft. to 21,465 sq.ft. Super Stop & Shop anchors the center and cotenants include Ninety Nine Restaurant, CVS, Olympia Sports, Sleepy’s, Cold Stone Creamery, GameStop and Hair Cuttery. Area retail includes Shaw’s Supermarket, JCPenney, T.J. Maxx, Pier 1 Imports, Home Depot, Staples and Ocean State Job Lot. Area demographics include a population of 68,087 within 10 miles earning $76,440 as the average household income. The average daily traffic count is 32,100 vehicles. For details, contact Mark Briggs or David Steinberg, Carpionato Properties, Inc., 1414 Atwood Avenue, Jonston, RI 02919; 401-273-6800; Emails: mbriggs@carpionatoproperties.com and
Rhode Island
Virginia
dsteinberg@carpionatoproperties.com; Web site: www.carpionatoproperties.com.
and Greenwood Drive, has spaces available of 1,300 sq.ft.; 1,500 sq.ft. and 1,950 sq.ft. Food Lion anchors the center and cotenants include Subway, Nails Etc. and China Sun Restaurant. Area demographics include a population of 144,242 within five miles earning $49,857 as the average household income. The average daily traffic count is 39,766 vehicles. For details, contact Missy Swartworth, The Katsias Co., 512 South Lynnhaven Road, Virginia Beach, VA 23452; 757-490-3585, Fax 757-490-3676; Email: missy@katsias.com; Web site: www.katsias.com.
Virginia Portsmouth – A center located at the intersection of Airline Boulevard and City Park Avenue has spaces available from 500 sq.ft. to 26,000 sq.ft. along with outlots from 0.43 acres to three acres. American Indoor Karting, Boulevard Bingo, Dollar General and The Scotsman anchor the center. Cotenants include Allied Cash Advance, Import Connection, Inc., Braid Master, Hart to Hart Café, Lucky Dawg, Dowell’s Barber Shop, Lovely Nails, Spirit Enhancers, Sew EZ, Heavenly Touch Studios, Britton Tax Service and Chantelle Beauty Salon. The average daily traffic count is 14,000 vehicles. The asking rent ranges from $15 psf to $23 psf with CAM and taxes of $1.42 psf. For details, contact Michael P. Zarpas, Global Real Estate Investment, 208 East Plume Street, Suite 333, Norfolk, VA 23510; 757-622-6009, Fax 757-622-5460; Email: m.zarpas@globalrei.com; Web site: www.globalrei.com. Portsmouth – Airline Marketplace, an 82,000 sq.ft. strip center situated on 13 acres at the intersection of Airline Boulevard, Elmhurst Lane
space for Lease: Stratford, CT Ellington, CT Rocky Hill, CT Clinton, Ma Poughkeepsie, NY Hudson Falls, NY
Visit
for more Information: Rob Mehlich, Jr. 914-793-5050
www.mehlichassoc.com July 10, 2009
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Dealmakers
Washington, DC – An 18,000 sq.ft. center located at the intersection of Champlain Street and Columbia Road has spaces available of 2,713 sq.ft. and 2,865 sq.ft. Safeway shadow-anchors the center and cotenants include a future CVS and Popeye’s. Area demographics include a population of 660,583 within five miles earning $97,545 as the average household income. For details, contact Stephanie Cramer, Combined Properties, 1255 22nd Street Northwest, Suite 600, Washington, D.C. 20037; 202-736-2827, Fax 202-833-3013; Email: scramer@combined.biz; Web site: www.combined.biz. DM
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Most Valuable Players AmCap Incorporated............................................................... Pg. 25
Nielson Claritas....................................................................... Pg. 10
AutoZone................................................................................ Pg. 20
Northeast Retail Leasing & Management Company, LLC.......... Pg. 19
Cedar Shopping Centers, Inc........................................................IFC
Park Center, LLC...................................................................... Pg. 26
City of Bowie, Maryland............................................................ Pg. 7
Ria K. McNamara Inc. ............................................................ Pg. 26
CVS Caremark Realty....................................................................IBC
Ronus Properties........................................................................ Pg. 5
Dealmakers, The..............................................................Pgs. 28, 29
Schuckman Realty, Inc.............................................................. Pg. 8
Developers Realty Corp........................................................... Pg. 11
Stuart Makler & Associates, Inc................................................ Pg. 14
DLC Management Corp.................................................................BC
TenantSearch........................................................................... Pg. 27
Mehlich Associates.................................................................. Pg. 28
Urstadt Biddle Properties, Inc.................................................. Pg. 23
New England Retail Properties, Inc............................. Pgs. 12, 13, 21
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129MIX09
Over
6900
locations ...and growing strong. CVS/pharmacy is looking to add to our existing store fleet via strategic growth in quality, convenient locations. Now serving our customers in 41 states and the District of Columbia.
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