Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XXVI
July 16, 2010
Retailers Expanding Throughout New England Stop & Shop Supermarkets Co. trades as Stop & Shop at 360 locations throughout CT, MA, NH, NJ, NY and RI. The supermarkets occupy spaces of 35,000 sq.ft. to 70,000 sq.ft. in freestanding locations, mixed-use and power centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets, in addition to ME and VT, during the coming 18 months. Typical leases run 20 years. Preferred cotenants include home improvement and discount department stores. Preferred demographics include a population of 30,000 within two miles. For more information, contact Jim Sylvia, Stop & Shop Supermarkets Co., 1385 Hancock Street, Quincy, MA 02169; 617-770-8626, Fax 617770-6222; Web site: www.stopandshop.com. Verizon Wireless operates 2,400 locations nationwide. The electronics stores occupy spaces of 3,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout New England and upstate NY during the coming 18 months, with representation by Eastern Retail Properties. The company prefers to locate in areas with strong visibility and high traffic counts. For more information, contact Mike Hotarek, Eastern Retail Properties, 1 Gateway Center, Suite 611, Newton, MA 02458; 617-630-1187, Fax 617630-1190; Email: mhotarek@easternretail.com; Web sites: www.verizonwireless.com and www.easternretail.com.
Ulta, Inc. trades as Ulta at 340 locations nationwide throughout 38 states. The stores, offering beauty supplies, cosmetics and skin care items, as well as featuring a salon, occupy spaces of 10,000 sq.ft. in power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a trade-area population of 150,000 earning $75,000 as the average household income. For more information, contact Rick Franz, Ulta, Inc., 10575 North 114th Street, Suite 103, Scottsdale, AZ 85259; 480-344-7710; Email: rick.franz@ultainc.com, Web site: www.ulta.com. Running Room operates 100 locations throughout IA, MN and Canada. The stores, offering footwear and apparel, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers, in addition to urban/downtown areas. Growth opportunities are sought throughout the northern and midwestern regions of the U.S. and throughout Canada during the coming 18 months. For more information, contact Kevin Higa, Running Room, 9750 47th Avenue, Edmonton, Alberta, Canada T6E 5P3; 780439-3099 Ext. 229, Fax 780-433-6433; Email: khiga@runningroom.com; Web site: www.runningroom.com. (continued on page twenty-two)
This issue contains information on:
* Retailers operating 35,790 locations with plans to open 2,412 sites * Real estate valued in excess of $134.9 million to be bought, sold & financed * Leasing activity on over 4.4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC New England Idea Exchange New Construction The Congress Group is developing a 400,000 sq.ft. mixed-use project in Sharon, MA................................. Pg. 3 Observations & Conversations Pg. 4 Profile|New England Retail Properties, Inc.......................... Pg. 6 Openings Rent-A-Center to open up to 35 company-owned stores............. Pg. 8 Electronic Express to open a 26,000 sq.ft. location in Murfreesboro, TN..................... Pg. 10 Buyers & Sellers Katz & Associates looks to acquire shopping centers throughout northeastern, southeastern and mid-Atlantic U.S........................ Pg. 11 Eastern Net Lease Advisors looks to acquire properties throughout New England.......... Pg. 11 Sources of Financing Spinnaker Real Estate Partners, LLC secured $77 million for a project in St. Louis, MO............ Pg. 14 In the News Linear Retail Properties promoted Deepa Krishnamurthy to CFO..................................... Pg. 14 Lead Sheet Easy Pickins seeking locations throughout NJ, NY and PA........ Pg. 15 Penzeys Spices to open locations throughout 24 states nationwide............................... Pg. 18 Exclusives Michael Salove Co. represents Tony Roni’s throughout select markets in NJ............................ Pg. 20 Lease Signings Coro Realty Advisors, LLC negotiated a lease with LA Fitness in Sandy Springs, GA.... Pg. 20 Food Retailers Expand Del’s Lemonade plans to open locations in CT......................... Pg. 21 Space Place.............................. Pg. 23
For more news go to: www.dealmakers.net Mobile Access Code: neidex2010