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
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