Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXVI
July 17, 2009
Apparel Chains Expand Nationwide Ross Dress for Less operates 900 locations throughout AL, AZ, CA, CO, DE, FL, GA, HI, ID, LA, MD, MS, MT, NC, NJ, NM, NV, OK, OR, PA, SC, TN, TX, UT, VA, WA and WY. The stores, offering discounted name-brand and designer apparel, accessories, footwear and home décor items, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in shopping centers. Growth opportunities are sought the San Francisco Bay Area of CA during the coming 18 months, with representation by SRS Real Estate Partners. The company prefers to locate in grocery-anchored centers. For more information, contact Sarah Edwards, 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. Bon Worth, Inc. trades as Bon Worth at 303 locations nationwide. The stores, offering women’s apparel, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in regional malls and outlet and strip centers. Limited expansion is sought nationwide, excluding the western coast, during the coming 18 months. Typical leases run one to three years. Preferred cotenants include supermarkets. Preferred demographics include a population of 50,000 within five miles. For more information, contact Bill Hale, Bon Worth, Inc., PO Box 2890, Hendersonville, NC 28793; 828-697-2216 Ext. 126, Fax 828-6972208; Web site: www.bonworth.com.
Flair operates five locations throughout NJ. The stores, offering unique apparel, accessories and jewelry, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in upscale suburban markets and freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Vanguard Realty, Inc. For more information, contact Neal Richards, Vanguard Realty, Inc., 195 Columbia Turnpike, Florham Park, NJ 07932; 973443-9700 Ext. 15, Fax 973-966-0123; Email: realnj@vanguardsite.com; Web site: www.vanguardsite.com. Slinky, Inc. trades as Slinky at one location in IN. The store, offering trendy apparel and accessories, prefers to occupy spaces of 800 sq.ft. to 1,500 sq.ft.in entertainment, specialty and tourist centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout the existing market, AZ, FL and TX, during the coming 18 months. The company prefers to locate on college campuses or tourist centers. Major competitors include Forever 21, Charlotte Russe and Buckle. For more information, contact Tara Gordon, Slinky, Inc., 715 Massachusetts Avenue, Indianapolis, IN 46204; 317-403-0252; Email: slinkyfashions@hotmail.com; Web site: www.slinkyfasions.com. (continued on page thirteen)
This issue contains information on:
* Retailers operating 23,476 locations with plans to open 2,381 sites * Real estate valued in excess of $65.65 million to be bought, sold & financed * Leasing activity on over 9.513 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Rocky Mountain Idea Exchange Buyers & Sellers EXP Realty Advisors is selling a pad site in Grand Prairie, TX............................. Pg. 3 Upland Real Estate Group negotiated the sale of an Arby’s site in Northfield, MN Pg. 8 Openings Smashburger Master, LLC will open franchise locations in CO, NM and TX.................... Pg. 4 Aeropostale, Inc. launches and expands its P.S. from Aeropostale concept.............. Pg. 6 New Construction Quantum Cos. is preleasing a mixed-use center located in North Bethesda, MD.............. Pg. 5 Lease Signings Woolbright Development negotiated a number of leases throughout FL........................ Pg. 6 Food Retailers Expand Buck’s Pizza looks for sites nationwide............................ Pg. 7 In the News Cohen Commercial Properties hires three............................. Pg. 7 Lead Sheet Stein Mart looks for sites nationwide............................ Pg. 9 Learning Express looks to expand nationwide................ Pg. 12 Space Place........................... Pg. 13 Exclusives Capital Retail Group represents Dunkin’ Donuts with its expansion throughout portions of the Washington, DC metropolitan area............ Pg. 14
For more news go to: www.dealmakers.net
It’s true – the retail real estate market has changed.
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Buyers and Sellers The Katsias Co. is selling Indian River Shopping Center, a 121,396 sq.ft. center located along Indian River Road in Chesapeake, VA. Colonial Downs, Advance Auto and Family Dollar anchor the center. Tenants include Superior Shoe, New York Variety, Midnight Rentals and Money Mart. The center is 45% occupied. The asking price is $7.5 million. For more information, 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.
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 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! TM
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Elite Shopping Center Management is selling a 45,680 sq.ft. portion of Marshall Shopping Plaza, located along East End Boulevard in Marshall, TX. Save-A-Lot anchors the portion and tenants include Fred’s Store and Citi Trends. Additional tenants in the center include KFC, Del Taco, Rent Way, Movie Gallery and Dollar General. Save-ALot is bound to a lease set to expire during June 2017 featuring two, five-year options and periodic rent escalations. Citi Trends is bound to a lease set to expire during December 2011 featuring three, five-year options and rent escalations every five years. Fred’s is bound to a lease set to expire during August 2010 featuring three, fiveyear options and rent escalations at every option. Area demographics include a population of 25,815 within a five-mile radius earning an average household income of $51,035. The asking price is $1.875 million with a Cap rate of 10%. For more information, contact Romina Rivani or Rodney Rivani, Elite Shopping Center Management; 310-474-8844 or 310-4706113; Emails: romina@rrcommercial.com and rrestate@aol.com. EXP Realty Advisors is selling a 1.35-acre pad site of Lake Prairie Towne Crossings, a 584,425 sq.ft. center located at the intersection of State Highway 360/Watson Road and West Camp Wisdom Road in Grand Prairie, TX. The site is currently occupied by a 5,811 sq.ft. Chili’s under ground lease. Area retail includes Marshalls, Petco, Ross Dress for Less, Chick-fil-A, McDonald’s, Super Target, Home Depot and 24 Hour Fitness. The average daily traffic count is 34,690 vehicles. The NOI is $87,000. The asking price is $1.242 million with a Cap rate of 7%. For more information, contact Grant M. Schreier, EXP Realty Advisors, 118 East 28th Street, Suite 808, New York, NY 10016; 212-972-7457, Fax 212-686-0078; Email: grant@exp1031.com; Web site: www.exp1031.com. Paradise Development Group, Inc. is selling a 1.27-acre outlot located along Perry Parkway in Perry, GA. A 3,900 sq.ft. McDonald’s occupies the site under a ground lease set to commence this month featuring four, fiveyear options and 10% rent escalations every five years. The asking price is $1.087 million with a Cap rate of 5.75%. For more information, contact Chris Bowers, Paradise Development Group, Inc., 2901 Rigsby Lane, Safety Harbor, FL 34695; 727-726-1115 Ext. 239, Fax 727-726-2337; Email: cbowers@paradisedev.com; Web site: www.paradisedev.com. www.dealmakers.net
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National Realty Advisors, LLC is selling a 4.7-acre development parcel located along Prospect Street in Moosup, CT. The asking price is $950,000. For more information, contact David Mieczynski, National Realty Advisors, LLC, 349 Valley Street, Suite 1, Willimantic, CT 06226; 877-672-3847, Fax 877-672-3847; Email: david@nradvisors.net; Web site: www.nradvisors.net. Carpionato Properties is looking to acquire freestanding, strip center, power center and mall properties throughout New England. Suitable properties are situated on parcels larger than 20 acres and have expansion capability. For more information, contact Mark Briggs, Carpionato Properties, 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800; Email: mbriggs@carpionatoproperties.com; Web site: www.carpionatoproperties.com. Cohen & Co., Inc. negotiated the sale of Loudon Plaza, a 62,700 sq.ft. neighborhood shopping center located in Loudon, TN. The center is anchored by Food City, Rite Aid, Dollar General and Advance Auto. The company represented the buyer and the seller in the transaction. For more information, contact Vera Thomas, Cohen & Co., Inc., 9 East 40th Street, 10th Floor, New York, NY 10016; 212-6791222, Fax 212-679-1533. Epsteen & Associates, on behalf of a client, is looking to acquire existing properties located Phoenix, AZ; CA and Las Vegas, NV. Suitable properties include those with below-market rents, short term lease situations, vacancies, expansion possibilities, complete redevelopment possibilities, minor renovations, management issues, distressed sellers and lender-owned situations and value-added opportunities. For more information, contact David E. Morgan, Epsteen & Associates, 5034 Carpinteria Avenue, Carpinteria, CA 93013; 805-684-7767 Ext. 104, Fax 805-684-7776; Email: dmorgan@epsteensb.com. The Macke Co., on behalf of a client, is looking to acquire properties with valueadded potential. Suitable properties feature GLAs between 200,000 sq.ft. and 500,000 sq.ft. and are located within a three-hour flight of Buffalo, NY. For more information, contact Dan Macke, The Macke Co., 895 Embarcadero Drive, Suite 201, El Dorado Hills, CA 95762; 916-939-1498, Fax 916-939-1499; Email: dmacke1@aol.com.
Dealmakers
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Who’s Opening and Where Dollar Tree, Inc. (757-321-5000) plans to open 210 Dollar Tree locations, including a 10,000 sq.ft. store at Beach Plaza City Center slated to open later this summer, during fiscal 2009 and remodel or relocate between 50 and 90 existing locations, having opened 231 stores, closed 51 and relocated or expanded 86 locations during 2008. The company currently operates 3,591 stores throughout 48 states nationwide. Audiotronics (540-774-5757) plans to open a 7,000 sq.ft. store located along Peters Creek Road in Roanoke County, VA. The store will offer audio and video equipment along with automotive electronics. The opening will be the second location for the company. Barnes & Noble, Inc. (212-633-3300) will open 15 Barnes & Noble stores this year, down from original plans of 35, and will close 15 superstores, five more than originally planned. The majority of openings, like the recent opening of a 55,000 sq.ft. store in Manhattan, NY, will replace existing locations. The Manhattan opening replaced two existing stores. The company currently operates 726 stores nationwide.
Smashburger Master, LLC (303-633-15000), through franchisees Areios and SB Alamo, plans to open Smashburger locations throughout CO, NM and TX, as part of the company’s projections to open 40 locations this year, including company, joint-venture and franchise stores, and more than 200 locations during the next several years. Areios recently opened a location in Grand Junction, CO and SB Alamo opened sites at Stone Ridge and Park North shopping centers in San Antonio, TX. I.O. Metro (479-271-7507) plans to open at least six furniture stores this year. The company recently opened a 10,000 sq.ft. location in Village on the Green, a mixed-use center located in Dallas, TX. The company currently operates 13 locations. Ollie’s Bargain Outlet (717- 657-2300) plans to open a location in a former Winn-Dixie site at Tiffany Square Shopping Center, located in Rocky Mount, NC. The stores feature closeout, surplus and salvage merchandise. The company currently operates locations in Cary, Elizabeth City, Fayetteville and Goldsboro, NC along with locations in DE, MD, NY, OH, PA, VA and WV.
Room & Board, Inc. (763-588-7525) is slated to open a 31,600 sq.ft. Room & Board furniture store at the intersection of 14th Street and T Avenue in Washington, DC during the spring of 2010. The stores feature handcrafted, American-made home furnishings. The company is also planning to open a Room & Board location in Los Angeles, CA later this year and currently operates stores in Orange County and San Francisco, CA; Denver, CO; Atlanta, GA; Chicago, IL; Minneapolis, MN and New York, NY. For future expansion, the company is considering the San Jose, CA; Miami, FL; NJ; Dallas, TX and Seattle, WA markets. NexCen Brands, Inc. (212-277-1100), through a franchisee, will open a minimum of 30 Great American Cookies stores and 15 Pretzelmaker stores throughout Mexico during the next 15 years. The franchisee recently opened its first location, a Great American Cookies site in Bosco Vallarta Zapopan in Jalisco, Mexico. The company operates retail concepts trading as TAF and Shoebox New York and restaurants Great American Cookies, MaggieMoo’s, Marble Slab Creamery, Pretzelmaker and Pretzel Time. (continued on page six)
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New Construction Steiner + Associates, in conjunction with Mall Properties, Inc., is redeveloping Peninsula Town Center, formerly known as Coliseum Mall, located at the intersection of Interstate 64 and Mercury Boulevard in Hampton, VA. The mixed-use center will have a GLA of 1.1 million sq.ft., including an 850,000 sq.ft. retail component, a 115,000 sq.ft. office component and a 160-unit residential component. JCPenney, Macy’s, Barnes & Noble and Target anchor the center. Area demographics include a population of 435,175 within a 20-minute drive-time earning an average household income of $60,423. Phased openings are scheduled from this summer to the spring of 2010. The company, in conjunction with Mall Properties, Inc. and Corrigan Properties, Inc., is preleasing a mixed-use expansion of Bayshore, a 1.3 million sq.ft. mixed-use center located at the intersection of Interstate 43 and Silver Springs Drive in Milwaukee, WI. Cotenants include J. Crew, Brooks Brothers, The Cheesecake Factory, PIC Entertainment, Coach, Apple, H&M, Banana Republic and Trader Joe’s. Area demographics include a population of 835,009 within a 20-minute drive time earning an average household income of $60,656. For more information, contact Steiner + Associates, 4016 Townsfair Way, Suite 201, Columbus, OH 43219; 614-414-7300; Web site: www.steiner.com. Kimco Realty is preleasing an expansion of Del Alba Plaza, a 72,014 sq.ft. center situated on 12.97 acres at the intersection of Route 7/Route 20/South Street and Dan Fox Drive in Pittsfield, MA. A 3,500 sq.ft. pad site is available along with a 7,560 sq.ft. space. Stop & Shop anchors the center and cotenants include Blockbuster Video and Trustco Bank. Area demographics include a population of 47,215 within a five-mile radius earning an average household income of $60,314. The average daily traffic count is 28,200 vehicles. For more information, contact David Salvage, Kimco Realty, 433 South Main Street, Suite 322, West Hartford, CT 06110; 860-561-0545; Email: dsalvage@kimcorealty.com. Stoltz is preleasing Barley Mill Plaza, a 1.5 million sq.ft. mixed-use center situated on a land area of 100 acres at the intersection of Route 141/Centre Road and Route 48/ Lancaster Turnpike in Wilmington, DE. The center features a 301,400 sq.ft. retail component and a 1.198 million sq.ft. office component. Area demographics include a population of 191,020 within a fivemile radius earning an average household
income of $78,374. The average daily traffic count is 55,485 vehicles. The company is also developing New Castle Town Center, a 515,016 sq.ft. center located at the intersection of Route 273/Christiana Road and Route 13/Dupont Highway in New Castle, DE. For more information, contact Joseph S. Soussana, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 847-966-9240, Fax 610-664-1976; Email: jsoussana@stoltzusa.com; Web site: www.stoltzusa.com. For additional information regarding New Castle Town Center, contact Mark Curcio; 888-777-3557 Ext. 150; Email: mcurcio@stoltzusa.com. Belz Enterprises is developing The Commons at Mountain View, located at the intersection of Old Hickory Boulevard and Murfreesboro Pike in Nashville, TN. Development parcels ranging from 3.2 acres to 55.2 acres are available. Area demographics include a population of 317,949 within a 10-mile radius earning an average household income of $73,210. The company is also preleasing the first phase of The Shops at Lake Forest, located at the intersection of Interstate 40 and Canada Road in Lakeland, TN. Spaces are available. Area demographics include a population of 64,000 within a five-mile radius earning an average household income of $100,000. The average daily traffic count is 20,000 vehicles. For more information, contact Belz Enterprises, 100 Peabody Place, Suite 1400, Memphis, TN 38103; 901-260-7300, Fax 901-260-7203; Web site: www.belz.com. LMS Commercial Real Estate is redeveloping Queensgate Towne Center, a 353,393 sq.ft. center located at the intersection of Route 74 and Springwood Road in York, PA. Frank Theatres, The Bon-Ton and Weis anchor the center. Spaces from 1,060 sq.ft. to 11,200 sq.ft. are available along with a pad site. Area demographics include a population of 139,038 within a fivemile radius earning an average household income of $60,455. The company is also developing Gateway Hanover, located at the intersection of Eisenhower Drive and Eichelberger Street in Hanover, PA. Pad sites are available. Area demographics include a population of 111,325 within a 10-mile radius earning an average household income of $63,525. For more information, contact Dave Nicholson, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-5609909; Email: dnicholson@lms-pma.com; Web site: www.lms-pma.com. www.dealmakers.net
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Silbert Realty & Management Co., Inc. is preleasing Lilac Plaza, a multi-building strip center located at the intersection of Parkhurst Street and Murray Street in Newark, NJ. Spaces from 1,260 sq.ft. to 15,000 sq.ft. are available. Area draws include Newark International Airport. Area demographics include a population of 2.44 million within a 10-mile radius earning an average household income of $89,585. The average daily traffic count is 35,880 vehicles. The center is slated to open during the third quarter of 2010. For more information, contact Joel Tomlinson, Silbert Realty & Management Co., Inc., 85A Division Avenue, Millington, NJ 07946; 908-604-6900, Fax 908-604-2030; Email: jtomlinson@silbertrealestate.com; Web site: www.silbertrealestate.com. Vornado Realty Trust is redeveloping The Shoppes at South Hills, a 502,571 sq.ft. center located at the intersection of Route 9 and Route 9D in Poughkeepsie, NY. Christmas Tree Shops, Kmart, ShopRite, Burlington Coat Factory, Hobby Lobby, Bob’s Discount Furniture and Chuck E. Cheese anchor the center. Area retail includes Sears, Macy’s, JCPenney, Target, Best Buy, Dick’s Sporting Goods, Kohl’s, Borders, Babies “R” Us, Lowe’s Home Improvement, Walgreens and Staples. Spaces from 2,000 sq.ft. to 36,000 sq.ft. are available. Trade-area demographics include a population of 265,282 earning an average household income of $74,637. For more information, contact John T. Ostrowski, Vornado Realty Trust, 210 Route 4 East, Paramus, NJ 07652; 201-587-1000; Email: jostrowski@vno.com; Web site: www.vno.com. Quantum Cos. is preleasing White Flint View, a mixed-use center located along Nicholson Lane in North Bethesda, MD. Area retail includes White Flint Plaza and White Flint Mall. Area demographics include a population of 144,331 within a three-mile radius earning an average household income of $103,595. For more information, contact Fred Wine, Quantum Cos., 4912 Del Ray Avenue, Bethesda, MD 20814; 301-6579900 Ext. 132, Fax 301-657-8412; Email: fwine@quantumco.net; Web site: D www.quantumco.net. M
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Lease Signings
Who’s Opening and Where (continued from page four)
LifeWay Christian Store (615-251-2000) is planning to relocate its Tyler, TX store from its current location along South Broadway Avenue to a former Goody’s site. The company currently operates 153 stores, offering religious books, music and audio and video recordings, nationwide, including 26 throughout TX. Target Corp. (612-304-6073) will open a 137,000 sq.ft. Target store at Washington Street Shopping Center, located along Route 53/Washington Street in Hanover, MA during October. The opening will be the company’s sixth in the region and 31st in MA. The company is also planning to open a 150,000 sq.ft. store in an expansion of South Shore Plaza in Braintree, MA. Pending approval, the store will open in the ground-floor of the Nordstrom-anchored wing during the fall of 2010. The company currently operates 1,700 units nationwide throughout 49 states. Zale Corp. (972-580-4000) will open two stores, a Peoples Jewelers location and a Zales Outlet, during the remainder of this year for a total of 15 openings this year. The company closed 23 stores and 38 kiosks during the first half of this year and operates 90 fewer stores than it did a year ago. Wegmans Food Markets, Inc. (585328-2550) will open three Wegmans supermarkets during the next two years. The company operates 72 stores throughout the Mid-Atlantic and Northeast. Aeropostale, Inc. (646-485-5398) plans to open 10 P.S. from Aeropostale stores this year, as part of a plan to expand the concept to as many as 500 stores. The apparel stores, targeted toward children ages 7 to 12, are a new concept for the company. The first P.S. store recently opened in Palisades Center, located in West Nyack, NY. The company trades as Aeropostale at 900 locations nationwide. Tandy Leather Factory, Inc. (817-872-3200) is looking to open two Tandy Leather stores during the latter half of this year. The company recently opened a store along 32nd Avenue South in Fargo, ND. The company currently operates 75 Tandy Leather stores, selling leather, leatherworking tools, do-it-yourself kits, buckles, dyes and finishes, saddle and tack hardware, nationwide throughout 36 states and internationally, along with 29 Leather Factory stores located throughout 19 states and three provinces of Canada. The company also operates one Mid-Continent Leather Sales store in OK. DM page 6
July 17, 2009
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Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated leases with Mens Hair House for 2,240 sq.ft. and China King Buffet for 3,120 sq.ft. at College Park Plaza, located at the intersection of College Avenue and Eisenhower Drive in Appleton, WI. The company represented the landlord, Van Roy, LLC, in the transaction. The company also negotiated a lease with Wireless Logic for 1,340 sq.ft. at Deer Trace Outlot, located on State Highway 28 in Sheboygan Falls, WI. The company represented the landlord, A&L Properties, in the transaction. The company also negotiated a lease with Huntington Learning Center for 2,602 sq.ft. at The Shoppes at Wyndham Village, located at the intersection of Highway 100 and Drexel Avenue in Franklin, WI. The company represented the landlord, Wyndham Village Retail, LLC, in the transaction. The company also negotiated a lease with Buffalo Wild Wings for 5,500 sq.ft. at Shoppes at Fox River, located at the intersection of Sunset Drive and St. Paul Avenue in Waukesha, WI. The company represented the tenant and the landlord, Opus North Corp., in the transaction. The company also negotiated a lease with Wireless Logic for 2,038 sq.ft. on East Ogden in Milwaukee, WI. The company represented the landlord, Ogden – 632, LLC, in the transaction. CB Richard Ellis (407-839-3158) negotiated five-year leases with Luxy Nail Spa for 1,200 sq.ft. and with Mattress 1 One for 3,200 sq.ft. in Colonial Town Centre, located on West Colonial Drive in Orlando, FL. The tenants will join Sam’s Club, hhgregg and Wal*Mart Neighborhood Grocery. The company also negotiated a lease with Mattress 1 One for 2,200 sq.ft. at Mount Dora Target Outparcel Plaza, located at the intersection of U.S. Highway 441 and Eudora Road in Mount Dora, FL. The tenant joins Chick-fil-A, Regions Bank and Wal*Mart Supercenter. The company represented the landlord, CFT Developments, in the transaction. Michael Salove Co. (215-568-2600) negotiated a lease with Public House Investments for a 12,600 sq.ft. Tap House at The Radian, a mixed-use center located on Walnut Street in Philadelphia, PA. The company represented the tenant in the transaction. The company also negotiated a lease with Zama for 2,500 sq.ft. on South 19th Street in Philadelphia, PA. The company represented the tenant and the landlord, 19 N Gate, LLC, in the transaction. Goodman Real Estate Services Group, LLC (216-381-8200) negotiated a lease with Coin & Jewelry Buyers for space at Parkview Plaza, located in Mentor, OH.
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Woolbright Development (561-989-2240) signed the following leases for space at ABACOA Town Center, a 91,400 sq.ft. openair center located on Donald Ross Road in Jupiter, FL: with Hokkaido Hibachi for 6,134 sq.ft.; with K.S. Media for 1,609 sq.ft.; with Southern Pie Co. for 2,029 sq.ft.; with Town Center Corners for 5,430 sq.ft., and with Skylar & Co. for 694 sq.ft. The company also signed leases with Dollar Tree for 10,240 sq.ft. and Patacon Pisao Restaurant for 1,734 sq.ft. at London Square, a 450,000 sq.ft. center located at the intersection of Southwest 120th Street and Southwest 137th Avenue in Miami, FL. The company also signed leases with Lucky Stars Academy for 4,945 sq.ft. and with Mile High Karate for 2,015 sq.ft. at West Sunset Square, an 83,000 sq.ft. neighborhood center located at the intersection of Sunset Drive and Southwest 157th Avenue in Miami, FL. The company also signed leases with Art-Sea Living for 1,400 sq.ft. and with Rice Fine Thai for 3,000 sq.ft. at Riverwalk Plaza, a 117,000 sq.ft. center located at the intersection of Woolbright Road and South Federal Highway in Boynton Beach, FL. The company also signed the following leases for space at The Shoppes at Woolbright, a 160,000 sq.ft. center located at the intersection of Job Road and Woolbright Road in Boynton Beach, FL: with Backstreet Clothing for 2,900 sq.ft.; with Classic Cleaners for 1,286 sq.ft.; with Subway for 1,125 sq.ft. and with Westside Bagels for 3,500 sq.ft. The company also signed a lease with Anarkali Boutique for 1,152 sq.ft. at The Commons at Town Center, a 125,000 sq.ft. center located on Northwest 19th Street between Butts Road and Renaissance Way in Boca Raton, FL. The company also signed leases with E. Nopi Learning Center for 910 sq.ft. and with Muscle and Fitness Nutrition Center for 976 sq.ft. at The Plaza at Coral Springs II, a 178,000 sq.ft. center located at the intersection of Atlantic Boulevard and Riverside Drive in Coral Springs, FL. The company also renewed the following leases at Plaza La Mer, an 81,006 sq.ft. center located at the intersection of U.S. Highway 1 and Donald Ross Road in Juno Beach, FL: with County Line Pizza for 2,925 sq.ft.; with La Mer Cleaners for 2,775 sq.ft.; with Terry’s Shoe Repair for 975 sq.ft. and with D M Tire Kingdom for 1,150 sq.ft.
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Real Estate Professionals Making the News
Food Retailers Expand Nationwide Dunkin’ Donuts operates 8,800 locations nationwide and internationally. The donut shops occupy spaces of 400 sq.ft. to 1,800 sq.ft. in freestanding locations, endcaps with a drivethru, inline spaces and gas stations. Growth opportunities are sought throughout Hartford, Windham and Tolland counties in CT during the coming 18 months, with representation by Sullivan Hayes Cos. Panera Bread operates 1,264 locations nationwide. The restaurants, offering sandwiches, soups, salads and dessert items, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in endcaps, freestanding locations and strip centers. Growth opportunities are sought throughout Litchfield and New Haven counties in CT during the coming 18 months, with representation by Sullivan Hayes Cos. Pollo Tropical operates 80 locations throughout FL and NJ as well as Ecuador and Puerto Rico. The restaurants, offering marinated chicken, salads, soups and fajitas, occupy spaces of 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout CT and western MA during the coming 18 months, with representation by Sullivan Hayes Cos. The company prefers locations with a drive-thru. For more information regarding Dunkin’ Donuts, contact Tony Valenti, Sullivan Hayes Co., 10 Waterside Drive, Suite 200, Farmington, CT 06032; 860677-5252, Fax 860-679-5260; Email: tvalenti@sullivanhayesne.com; Web site: www.dunkindonuts.com. For more information regarding Panera Bread, contact Tim McNamara; Web site: www.panerabread.com. For more information regarding Pollo Tropical, contact Andy Grocki, Email: agrockie@sullivanhayesne.com; Web site: www.pollotropical.com. Wright III Foods, Inc. trades as Burger King at 20 locations throughout TX. The fast-food restaurants occupy spaces of 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Wayne Pearson, Wright III Foods, Inc., 304 Nolana Loop, McAllen, TX 78504; 956-631-6461 Ext. 113, Fax 956-631-2332. Exline, Inc. trades as Exline’s – Best Pizza In Town at 11 locations throughout MS and TN. The pizzerias occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Joyce Miller, Exline, Inc., 2935 Austin Peay Highway, Memphis, TN 38128; 901-388-3044, Fax 901-383-2039; Web site: www.exline.com.
Earl’s Restaurants, Ltd. trades as Earl’s at 62 locations throughout AZ, CO, WA and Canada. The restaurants occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in freestanding locations, malls, entertainment centers and urban/downtown areas. Growth opportunities are sought throughout AZ, CO and WA during the coming 18 months. Typical leases run 15 years. Preferred demographics include a population of 100,000 within two miles earning $75,000 as the average household income. For more information, contact John Mulvaney, Earl’s Restaurants, Ltd., 108B – 949 3rd Street West, North Vancouver, British Columbia, Canada V7P 3P7; 604-984-4606, Fax 604-9842263; Email: jmulvaney@earls.ca; Web site: www.earlsgreatfood.com. Flippers Pizza operates seven locations throughout FL. The pizzerias occupy spaces of 1,600 sq.ft. to 2,400 sq.ft. in endcaps. Growth opportunities are sought throughout central, northern and southern FL during the coming 18 months, with representation by Central FL Commercial Brokers. The company prefers sites with an outdoor eating area. For more information, contact Barry Wilder, Central FL Commercial Brokers, 7335 West Sand Lake Road, Orlando, FL 32819; 407-461-3670; Web site: www.flipperspizza.com. Between Rounds Bakery Sandwich Café operates six locations throughout CT and MA. The cafés occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets and RI during the coming 18 months. Typical leases run 10 years. The company prefers sites with a drive-thru and is franchising. For more information, contact Jerry Puiia, Between Rounds Bakery Sandwich Café, 19 John Fitch Boulevard, Route 5, South Windsor, CT 06074; 860-291-0323, Fax 860289-2732; Email: jerry.puiia@gmail.com. Buck’s Pizza Franchising, Inc. trades as Buck’s Pizza at 60 locations nationwide. The pizzerias occupy spaces of 1,200 sq.ft. to 2,400 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. The company is franchising and expansion is franchise-driven. For more information, contact Lance Benton or Evelyn Benton, Buck’s Pizza Franchising, Inc., PO Box 405, Du Bois, PA 15801; 814-371-3076, Fax 814-371-4214; Email: lance@buckspizza.com; Web site: www.buckspizza.com. DM www.dealmakers.net
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Grubb & Ellis Co. (312-698-6735) hired Jeff Perpich as senior vice president, director of management services. He will lead the company’s property management team in Chicago, IL and oversee and expand the company’s management services business throughout the Midwest market. Prior to joining the company, Perpich served as an executive director for Morgan Stanley. The company is a commercial real estate service and investment firm, providing transaction, management, consulting and investment services to owners, tenants and investors. Kowit & Passov Real Estate Group (216-5145100) hired Ryan Fisher as a sales agent. He will represent landlords in the sale and leasing of outparcels as well as in the disposition of freestanding assets. Prior to joining the company, Fisher handled outparcel sales and leasing, the disposition of development tracts and the leasing of freestanding retail buildings for Developers Diversified Realty. NAI San Diego (619-497-2255) hired Vince Provenzano as managing director of brokerage services. He will be responsible for sales management, training, recruiting and leading the company’s sales team as well as growing property management accounts nationwide. Prior to joining the company, he served as president of and broker for Award Commercial Properties. The company is a full-service commercial real estate brokerage and property management firm. RCG Ventures (404-816-5454) hired Brad Garner as vice president of operations. He specializes in property investment, development and management. Prior to joining the company, Garner served at BVT Equity Holdings, Equity One and Regency Centers. Cohen Commercial Properties (212-803-5774) hired Jonathan Lehr as a financial analyst. Prior to joining the company, he served as an equity research analyst for a NY-based hedge fund. The company also promoted Spencer Grossman to director of leasing and hired Renee O’Neal as director of property management at American Commercial Realty, a FL-based property management firm and wholly-owned affiliate of the company. Grossman will be responsible for the leasing of properties managed by the company within the FL market. Prior to joining the company, he served at Marcus & Millichap in Ft. Lauderdale, FL. O’Neal will be responsible for overseeing management functions for properties under management in the Southeast. Prior to joining the company, she supervised new construction planning, development and management services for Dewey Commercial in Wayne, PA. The company owns and operates shopping centers and office buildings nationwide, with an emphasis on the Southeast. DM
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Buyers and Sellers (continued from page three)
BEST BROKERS is selling a 21,321 sq.ft. parcel, buildable to 8,000 sq.ft., located along Vauxhall Street in New London, CT. Area retail includes New London Shopping Center, New London Mall, Crystal Mall and Waterford Commons. The average daily traffic count is 89,000 vehicles. The asking price is $295,000. For more information, contact Michael Del Grosso, BEST BROKERS, 49 Twin Lakes Drive, Waterford, CT 06385-4125; 860-443-2003, Fax 860-443-2003; Email: bestbrokers@att.net. LANE4 Property Group, Inc., along with several private investors, acquired Prairie Village Shopping Center and Corinth Square Shopping Center, both located in Prairie Village, KS, and Fairway Shopping Center, located in Fairway, KS. The parties acquired the centers from Highwoods Properties. The three centers feature a combined GLA of 416,000 sq.ft. with another 154,000 sq.ft. in outparcels. Tenants include Hen House Grocery, Westlake Hardware, Macy’s, CVS, Chico’s, Bruce Smith Drugs, The Toon Shop, Mely’s Yogurt and Ice Cream, Rainy Day Books, Matney Floral, Sopra Salon and Spa, Bijin Salon, The Blue Moose, Better Cheddar, Café Provence and Salty Iguana. For more information, contact Jeff Berg, LANE4 Property Group, Inc.; 816-268-9102; Email: jberg@lane4group.com; Web site: www.lane4group.com. Global Real Estate Investment is selling Courthouse Walk, an 8.5-acre development located at the intersection of East Princess Anne Road and North Landing Road in Virginia Beach, VA. The site is occupied by a bank and drug store and is approved for a three-building, 24,000 sq.ft. center. Area demographics include a population of 114,979 within a five-mile radius earning an average household income of $77,773. The average daily traffic count is 25,000 vehicles. The asking price is $6 million. The company is also selling Military Square Shopping Center, located at the intersection of North Military Highway, Poplar Hall Drive and Hoggard Road. Area demographics include a population of 289,225 within a five-mile radius earning a median household income of $47,207. The average daily traffic count is 48,000 vehicles. The asking price is $1.75 million. For more information, contact Global Real Estate Investment, 208 East Plume Street, Suite 333, Norfolk, VA 23510; 757622-6009, Fax 757-622-5460; Web site: www.globalrei.com. page 8
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Upland Real Estate Group, Inc. negotiated the sale of an Arby’s site located in Northfield, MN for $1.746 million with a Cap rate of 7.75%. At the time of sale, the tenant was bound to a NNN lease with 16 years remaining on the original lease term. The company also negotiated the sale of an IHOP site within Silver Springs Crossing, located in Oklahoma City, OK for $785,184 with a Cap rate of 6.5%. At the time of sale, the tenant was bound to a ground lease with 17 years remaining on the original lease term. For more information, contact Deborah Vanelli, Upland Real Estate Group, Inc., 90 South Seventh Street, Suite 3800, Minneapolis, MN 55402-3903; 612332-6600, Fax 612-376-4489; Email: deb@upland.com; Web site: www.nnnsales.com. Robert P. Corso & Co., Inc. is selling the following Walgreens sites with 25-year NNN leases commencing during September: Coventry, CT, featuring area demographics including a population of 28,871 within a five-mile radius earning an average household income of $104,145, with an asking price of $4.735 million with a Cap rate of 7.5%; Bellingham, MA, featuring area demographics including a population of 95,138 within a five-mile radius earning an average household income of $71,379, with an asking price of $6.6 million with a Cap rate of 7.5%; Lee, NH, featuring area demographics including a population of 23,965 within a five-mile radius earning an average household income of $83,063, with an asking price of $5.4 million with a Cap rate of 7.5%, and Taunton, MA, featuring area demographics including a population of 75,005 within a five-mile radius earning an average household income of $69,694, with an asking price of $7 million with a Cap rate of 7.5%. The company is also selling the following Walgreens sites: Southboro, MA, featuring area demographics including a population of 103,477 within a five-mile radius earning an average household income of $115,430, with an asking price of $6.555 million with a Cap rate of 7.25%; Hudson, NH, featuring area demographics including a population of 119,915 within a fivemile radius earning an average household income of $88,088, with an asking price of $5.535 million with a Cap rate of 7.5%, and Providence, RI, featuring area demographics including a population of 376,814 within a five-mile radius earning an average household income of $58,628, with an asking price of $6.6 million with a Cap rate of 7.5%. For more information, contact Robert P. Corso & Co., Inc., 50 Church Street, Suite 111, Montclair, NJ 07042; 973-744-7100, Fax 973744-7109; Email: robertpcorso@aol.com. DM
Lead Sheet King’s Great Buys Plus Terry Oates PO Box 15336 Evansville, IN 47716 812-473-5464, Fax 812-477-1869 Web site: www.kingsgreatbuys.com
Appliances The 57-unit chain operates locations throughout IL, IN, KY, OH, OK and WI. The stores occupy spaces of 30,000 sq.ft. to 80,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to locate in second-generation spaces.
Fabricland Distributors Lynn Smith 1450 Castlefield Avenue Toronto, Ontario, Canada M6M 1Y6 416-703-1877, Fax 416-504-9216 Email: lynns@westdaleproperties.com Web site: www.fabricland.ca
Arts/Crafts/Fabrics The 170-unit chain operates locations throughout Canada. The fabric stores occupy spaces of 10,000 sq.ft. to 11,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout British Columbia and Ontario, Canada during the coming 18 months.
Michaels Jeremy Isaacs c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: jisaacs@ripcony.com Web site: www.ripcony.com
Arts/Crafts/Fabrics The 1,018-unit chain operates locations nationwide and throughout Canada. The arts and crafts stores occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout Long Island and New York, NY during the coming 18 months, with representation by Ripco Real Estate.
Jiffy Lube International, Inc. dba Jiffy Lube (Franchises) Tom Lane PO Box 4427 Houston, TX 77210-4427 713-546-6447, Fax 713-546-3656 Email: thomas.lane@shell.com Web site: www.jiffylube.com
Automotive The 2,000-unit chain operates locations nationwide. The automotive service centers occupy spaces of 1,900 sq.ft. to 2,400 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 years with options. Specific improvements are required. Preferred cotenants include Target and big-box retailers. Preferred demographics include a population of 50,000 within a three-mile radius earning $40,000 as the average household income. The company is franchising.
Lube Pro’s 10-Minute Oil Change Phil Robinson 1740 South Bell School Road Cherry Valley, IL 61016 815-332-9200 Email: philr@lubepros.com Web site: www.lubepros.com
Automotive The 34-unit chain operates locations throughout IL, MN, TN and WI. The oil and lube service centers occupy spaces of 1,800 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the Midwest during the coming 18 months. Typical leases run 20 years with five, five-year options. Specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 30,000 within a three-mile radius earning $45,000 as the average household income. Major competitors include Jiffy Lube and Valvoline. A land area of 15,000 sq.ft. to 20,000 sq.ft. is required for freestanding locations. The company is franchising.
Stein Mart, Inc. dba Stein Mart Kirk V. Light 1200 Riverplace Boulevard Jacksonville, FL 32207 904-346-1500, Fax 904-858-2636
Department Store The 280-unit chain operates locations nationwide. The department stores, offering soft home goods, clothing and gifts, occupy spaces of 30,000 sq.ft. in lifestyle, power and strip centers. Limited expansion is sought throughout the existing market during the coming 18 months.
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Lead Sheet Five Below, Inc. dba Five Below Zach Minteer or Doug Walrod 1616 Walnut Street, Suite 400 Philadelphia, PA 19103 215-546-8099 Email: real_estate@fivebelow.com Web site: www.fivebelow.com
Discount The 84-unit chain operates locations throughout DE, MA, MD, NH, NJ, PA, VA and WV. The stores, offering trendy products targeted toward teens and preteens and priced between $1 and $5, occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in outlet, power and regional strip centers. Plans call for 60 to 80 openings throughout the existing market as well as CT, NC, NY, OH and RI during the coming 18 months. Preferred cotenants include Best Buy, Marshalls, T.J. Maxx, Target, Old Navy and DSW.
Cellular Central, Inc. dba Cellular Central George Simon 5215 Monroe Street Toledo, OH 43623 419-841-2450, Fax 419-841-1758
Electronics The 31-unit chain operates locations throughout OH. The stores occupy spaces of 1,200 sq.ft. in malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Regal Entertainment Group dba Regal Cinemas, United Artists and Edwards Theatres Robert Crane 7132 Regal Lane Knoxville, TN 37918 865-922-1123, Fax 865-925-9754 Web site: www.regmovies.com
Entertainment The 550-unit chain operates locations nationwide throughout 40 states. The movie theaters occupy spaces of 50,000 sq.ft. to 75,000 sq.ft. in malls and entertainment, lifestyle, mixeduse and power centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 15 years. Preferred demographics include a population of 100,000 within a five- to seven-mile radius. The company is very site-selective.
R/C Theatres Management Corp. dba R/C Theatres Scott Cohen 231 West Cherry Hill Court Reistertown, MD 21136 410-526-4774, Fax 410-526-6871 Email: scottr356@aol.com Web site: ww.rctheatres.com
Entertainment The 11-unit chain operates locations throughout FL, MD, NC, PA and VA. The movie theaters occupy spaces of 53,000 sq.ft. to 80,000 sq.ft. in entertainment and lifestyle centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required.
Nickels and Dimes, Inc. dba Tilt Ron Kostelny 4534 Old Denton Road Carrollton, TX 75010 972-939-4200, Fax 972-492-5705 Web site: www.tilt.com
Entertainment The 140-unit chain operates locations nationwide. The family entertainment centers occupy spaces of 1,500 sq.ft to 30,000 sq.ft. in malls, festival marketplaces and lifestyle centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years with options.
Jenny Craig, Inc. dba Jenny Craig Mark Schoffstall 5770 Fleet Street Carlsbad, CA 92008 760-696-4820, Fax 760-696-4809 Web site: www.jennycraig.com
Fitness The 613-unit chain operates locations nationwide and throughout Canada. The weight loss centers occupy spaces of 1,800 sq.ft. in power and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include drug stores, grocery stores, Target, Marshalls, T.J. Maxx and Michaels. Major competitors include LA Weight Loss and Weight Watchers.
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Lead Sheet Flowerama of America, Inc. dba Flowerama of America Chuck Nygren 3165 West Airline Highway Waterloo, IA 50703 319-291-6004, Fax 319-291-8676 Email: info@flowerama.com Web site: www.flowerama.com
Florist The 100-unit chain operates locations nationwide throughout 28 states. The floral shops occupy spaces of 1,200 sq.ft. to 3,000 sq.ft. in freestanding locations. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with three, five-year options. The company is franchising.
Ocean State Jobbers, Inc. dba Ocean State Job Lot John Barbato 375 Commerce Park Road North Kingstown, RI 02852 401-295-2672, Fax 401-294-8750 Email: j.barbato@osjl.com Web site: www.oceanstatejoblot.com
General Merchandise The 90-unit chain operates locations throughout CT, MA, ME, NH, NY, RI and VT. The stores, offering general merchandise and close-out items, occupy spaces of 25,000 sq.ft. to 40,000 sq.ft. in freestanding locations and strip centers. Plans call for eight to 10 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years. Preferred cotenants include supermarkets and value retailers. Preferred demographics include a population of 100,000 within a 10-mile radius. A land area of four acres is required for freestanding locations.
Country Visions dba Apricot Lane Terry Odneal 3333 Vaca Valley Parkway, Suite 500 Vacaville, CA 95688 707-451-6890 Ext. 106, Fax 707-451-0410 Email: terry@apricotlanefranchise.com Web site: www.apricotlanefranchise.com
Gifts The 31-unit chain operates locations throughout AZ, CA, FL, IL, MO, NY, OH, OK, PA, TN, TX, VA, WA and WV. The stores, offering upscale gifts, fashion and home dĂŠcor, occupy spaces of 1,200 sq.ft. to 2,500 sq.ft. in malls, urban/downtown areas and lifestyle and power centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. The company is franchising.
Great Clips Bill Pace c/o The Rotella Group, Inc. 3300 North Federal Highway, Suite 200 Fort Lauderdale, FL 33306 954-568-9015, Fax 954-568-9597 Email: wrp@rotellagroup.com Web site: www.rotellagroup.com
Hair The 2,700-unit chain operates locations nationwide and throughout Canada. The hair salons occupy spaces of 900 sq.ft. to 1,300 sq.ft. in power and shopping centers. Growth opportunities are sought throughout Broward County, FL during the coming 18 months, with representation by The Rotella Group, Inc. The company prefers to locate in grocery- or discount-anchored shopping centers.
Dunn-Edwards Paints Bruce Heathcote c/o Lee & Associates Commercial Real Estate 7700 Irvine Center Drive, Suite 600 Irvine, CA 92618 949-727-1200, Fax 949-727-1299 Email: bheathcote@lee-associates.com
Home Improvements The 100-unit chain operates locations throughout AZ, CA, NM, NV and TX. The stores, offering paints and supplies, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in specialty and strip centers. Plans call for five openings throughout the existing markets during the coming 18 months, with representation by Lee & Associates Commercial Real Estate. Typical leases run five years. Preferred cotenants include home improvement retailers.
M&J Shoes, LLC dba Marty’s Shoes John Schmidt or Gary Kennedy 121 Carver Avenue Westwood, NJ 07675 201-497-6634 Email: shoes@martyshoes.com Web site: www.martyshoes.com
Shoes The seven-unit chain operates locations throughout NJ and NY. The shoe stores occupy spaces of 6,000 sq.ft. in freestanding locations and specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years. A vanilla shell and specific improvements are required. Preferred cotenants include T.J. Maxx. Preferred demographics include a population within five miles earning $50,000 to $70,000 as the average household income. Major competitors include department and specialty shoe stores, DSW and Famous Footwear.
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Lead Sheet Lacrosse Unlimited Neal Richards c/o The Vanguard Group 195 Columbia Turnpike Florham Park, NJ 07932 973-443-9700 Ext. 15, Fax 973-066-0123 Email: realnj@vanguardsite.com Web site: www.vanguardsite.com
Sporting Goods The 20-unit chain operates locations throughout NJ and Long Island, NY. The sporting goods stores occupy spaces of 1,800 sq.ft. to 2,200 sq.ft. in downtown areas. Plans call for five openings throughout the existing markets during the coming 18 months, with representation by The Vanguard Group.
Aldi Tim McNamara or Kevin Daly c/o Sullivan Hayes Cos. 10 Waterside Drive, Suite 200 Farmington, CT 06032 860-677-5252, Fax 860-679-5260 Email: kdaly@sullivanhayesne.com Web site: www.aldifoods.com
Supermarket The 1,000-unit chain operates locations nationwide. The discount grocery stores occupy spaces of 16,700 sq.ft. in freestanding locations and inline spaces. Growth opportunities are sought throughout CT, MA, ME, NH, RI and VT during the coming 18 months, with representation by Sullivan Hayes Cos. The company prefers to acquire sites.
Fresh & Easy Neighborhood Market Peter Ruiz c/o The Legaspi Co. 1611 Paramount Boulevard Montebello, CA 90640 323-728-8455 Email: pruiz@thelegaspi.com Web site: www.freshandeasy.com
Supermarket The 100-unit chain operates locations throughout AZ, CA and NV. The stores occupy spaces of 14,000 sq.ft. in urban areas. Growth opportunities are sought throughout Los Angeles County, CA during the coming 18 months, with representation by The Legaspi Co. The company will consider acquiring sites.
Learning Express, Inc. dba Learning Express Lou DiMinico or George Russell 29 Buena Vista Street Devens, MA 01434 978-889-1000, Fax 978-889-1010 Emails: lou@learningexpress.com and george@learningexpress.com Web site: www.learningexpress.com
Toys The 140-unit chain operates locations nationwide. The toy stores occupy spaces of 2,000 sq.ft. to 3,500 sq.ft. in freestanding locations, malls and lifestyle, outlet, power, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include T.J. Maxx and Lord & Taylor. Preferred demographics include a population of 100,000 within five miles earning $65,000 as the average household income. Major competitors include local toy stores. The company is franchising.
99 Cents Only Stores Jesse Allen 4000 Union Pacific Avenue City of Commerce, CA 90023 323-881-1258, Fax 323-307-9636 Web site: www.99only.com
Variety The 235-unit chain operates locations throughout AZ, CA and NV. The closeout stores occupy spaces of 12,000 sq.ft. to 19,000 sq.ft. in freestanding locations, downtown areas and power and neighborhood centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 70,000 within one mile earning $40,000 as the average household income.
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 12
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San Marcos – San Marcos Pavilion, a 35,000 sq.ft. strip center located at the intersection of San Marcos Boulevard, Grand Avenue and Highway 78, has spaces available of 750 sq.ft.; 1,800 sq.ft. and 3,000 sq.ft. Denny’s and Jack in the Box anchor the center. Cotenants include Subway, Edward Jones and Mathnasium. Area retail includes Lowe’s Home Improvement, Staples, Nordstrom Rack, Petco, Fry’s Electronics, Best Buy, Edwards Theatres, Home Depot, Loehmann’s, Bed Bath & Beyond, PetSmart, Sport Chalet, Jerome’s, Creekside Marketplace and Grand Plaza. Area demographics include a population of 179,914 within five miles earning $77,430 as the average household income. The average daily traffic count is 200,000 vehicles. The asking monthly rent is $2.75 psf with NNN of $0.58. For details, contact Randee Stratton, Grubb & Ellis|BRE Commercial, 4350 La Jolla Village Drive, Suite 500, San Diego, CA 92122; 858-546-5418, Fax 858-6306320; Email: rstratton@breb.com; Web site: www.brecommercial.com.
include a population of 231,879 within five miles earning $58,406 as the average household income. Plantation – Jacaranda Square, located at the intersection of Sunrise Boulevard and North Pine Island, has spaces available from 1,000 sq.ft. to 5,000 sq.ft. including an 1,828 sq.ft. restaurant space and a 4,174 sq.ft. restaurant outparcel. Wal*Mart Neighborhood Market anchors the center and cotenants include Outback Steakhouse, State Farm Insurance, Liberty Tax, Supercuts, The Little Gym, Sally Beauty Supply, Staples, Subway, Froots, Starbucks and Bank Atlantic. Area demographics include a population of 356,489 within five miles earning $58,240 as the average household income. St. Petersburg – Eagles Park, located at the intersection of Park Street and 54th Avenue North, has space available. Publix anchors the center and cotenants include Colonial Bank. Area demographics include a population of 235,190 within five miles earning $67,336 as the average household income. Tampa – Hampton Plaza, located on Gunn Highway, has space available. Big Lots anchors the center and cotenants include Dollar General. Area retail includes Xpress Lube and Advance Auto. Area demographics include a population of 244,972 within five miles earning $76,908 as the average household income. For details, contact Gator Investments, 1595 Northeast 163rd Street, North Miami Beach, FL 33162; 877-459-9605, Fax 305-9486478; Email: sales@gatorinvestments.com; Web site: www.gatorinvestments.com.
Connecticut Plainville – Gateway Square, a 20,000 sq.ft. center situated on three acres on New Britain Avenue, has space available. Cotenants include Wendy’s and Taco Bell/ Long John Silver’s. Area retail includes Big Y, dressbarn, PetSmart, Applebee’s, Friendly’s, McDonald’s, Starbucks and Connecticut Commons, featuring Lowe’s Home Improvement, Loews Theaters, Kohl’s, DSW, Dick’s Sporting Goods and Marshalls. Area demographics include a population of 158,365 within five miles earning $68,860 as the average household income. The average daily traffic count is 22,900 vehicles. The asking monthly rent is $19 psf NNN with CAM of $4.50 psf. For details, contact Jeff Streett, National Realty Advisors, LLC, 349 Valley Street, Suite 1, Willimantic, CT 06226; 877-672-3847, Fax 877-672-3847; Email: jeff@nradvisors.net; Web site: www.nradvisors.net.
Florida Green Acres – Green Acres Plaza, located at the intersection of Lake Worth Road and Jog Road, has divisible spaces of 4,720 sq.ft.; 5,535 sq.ft. and 7,500 sq.ft. available. Wal*Mart Neighborhood Market anchors the center and cotenants include Arby’s, Family Dollar, Tuesday Morning, United State of Fitness Gym, Starbucks, Fidelity Bank, Firestone and Pizza Hut. Area demographics
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Sebring – The Shops at Shelby Crossing, a 231,855 sq.ft. power center situated on 35 acres at the intersection of U.S. Highway 27 North and Thunderbird Road, has spaces available of 3,573 sq.ft.; 4,386 sq.ft. and 20,352 sq.ft. along with a 1,320 sq.ft. outlot. Marshalls, Ross Dress for Less, Bed Bath & Beyond, Michaels, Gold’s Gym, Books-A-Million, Petco, dressbarn and Famous Footwear anchor the center. Cotenants include Panera Bread, Starbucks, The Vitamin Shoppe, Olive Garden, Sally Beauty Supply and Mattress Giant. Area retail includes Lowe’s Home Improvement, Wal*Mart Supercenter, Home Depot, Office Max, PetSmart, Publix, Winn-Dixie, Albertson’s and Lakeshore Mall, featuring Belk, JCPenney, Sears and Big Kmart. Area demographics include a population of 164,741 within 10 miles earning $45,385 as the average household income. The average daily traffic count is 46,000 vehicles. (continued on page fourteen) www.dealmakers.net
Apparel Chains Expand Nationwide
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Catherine’s operates 460 locations nationwide. The stores, offering career and casual apparel for plus-size women, occupy spaces of 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout CT and western MA during the coming 18 months, with representation by Sullivan Hayes Cos. Fashion Bug operates 1,000 locations nationwide. The stores, offering women’s apparel and accessories, occupy spaces of 6,500 sq.ft. in strip centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Sullivan Hayes Cos. Lane Bryant operates 900 locations nationwide. The stores, offering plus-size women’s apparel, occupy spaces of 8,000 sq.ft. in malls and outlet and strip centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Sullivan Hayes Cos. For more information, contact Tim McNamara, Sullivan Hayes Cos., 10 Waterside Drive, Suite 200, Farmington, CT 06032; 860-677-5252, Fax 860-679-5260; Email: tmcnamara@sullivanhayesne.com; Web sites: www.catherines.com, www.fahionbug.com and www.lanebryant.com. Marty’s and City Gear operate 60 locations throughout AR, FL, GA, KY, LA, MS and TN. Marty’s offers apparel for men and boys and occupies spaces of 4,000 sq.ft. to 5,000 sq.ft. and City Gear offers apparel for young men and women and occupies spaces of 3,500 sq.ft. to 4,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout AL, AR, FL, GA, LA, MS and TN during the coming 18 months, with representation by Results Realty, LLC. For more information, contact Ron Devine, Results Realty, LLC, 5803 Lee Highway, Suite 103, Chattanooga, TN 37421; 423-2805785; Email: resultrealtyre@comcast.net. EBL, Inc. trades as EbLens Clothing & Footwear at 26 locations throughout CT, MA and RI. The stores, offering men’s and women’s urban apparel and footwear, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Michael Sartinsky, EBL, Inc., 299 Industrial Lane, Torrington, CT 06790; 860-489-3073; Email: msartinsky@eblens.com; Web site: D M www.eblens.com.
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Exclusives and Leasing Assignments
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Winick Realty Group (212-792-2635) represents Buffalo Exchange in the apparel chain’s expansion throughout the New York, NY metropolitan area, utilizing sites of 2,000 sq.ft. to 4,000 sq.ft. Atlantic Retail Properties (617-239-3600) represents the following retailers with their expansion plans: Target, throughout New England, seeking spaces of 135,000 sq.ft.; Christmas Tree Shops, throughout New England and upstate NY, seeking spaces of 36,000 sq.ft. to 52,000 sq.ft.; Best Buy, throughout New England excluding CT, seeking sites of 30,000 sq.ft. to 45,000 sq.ft.; LA Fitness, throughout eastern New England, seeking sites of 45,000 sq.ft.; Strike, throughout New England excluding CT, seeking sites of 25,000 sq.ft. to 40,000 sq.ft.; Bed Bath & Beyond, throughout New England and upstate NY, utilizing spaces of 23,500 sq.ft. to 40,000 sq.ft.; Nordstrom Rack, throughout New England, seeking spaces of 35,000 sq.ft.; buybuy Baby, throughout New England, seeking spaces of 30,000 sq.ft.; Pep Boys, throughout New England, seeking spaces of 20,800 sq.ft.; Petco, throughout New England, FL, GA, upstate NY, NC, eastern PA and SC, seeking spaces of 12,000 sq.ft. to 15,000 sq.ft.; Five Below, throughout New England, seeking spaces of 7,500 sq.ft.; Chili’s, throughout New England, seeking sites of 6,000 sq.ft.; Sherwin-Williams, throughout eastern New England, seeking spaces of 3,000 sq.ft. to 5,000 sq.ft.; TD Bank, throughout New England, seeking spaces of 4,000 sq.ft.; Chipotle, throughout New England north of Interstate 90, seeking spaces of 1,600 sq.ft. to 3,000 sq.ft.; FedEx Office, throughout New England, seeking spaces of 1,650 sq.ft. to 2,400 sq.ft.; Panda Express, throughout the Boston, MA metropolitan area, utilizing spaces of 2,000 sq.ft.; GameStop, throughout New England excluding CT, seeking spaces of 2,000 sq.ft.; Hair Cuttery, throughout New England, seeking sites of 900 sq.ft. to 1,400 sq.ft., and GNC, throughout New England, utilizing spaces of 1,200 sq.ft. Capital Retail Group (202-319-2884) represents Dunkin’ Donuts in their expansion throughout Rosslyn, VA and the U Street Corridor, New York Avenue Northeast Corridor, southeast, southwest and central business districts of Washington, DC, utilizing spaces of 800 sq.ft. to 1,800 sq.ft. in urban store fronts, freestanding locations, pad sites and endcap spaces. DM page 14
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For details, contact Marc Ross, Creative Realty Group, 3610 Northeast 1st Avenue, Miami, FL 33137; 305-573-9700, Fax 305-5762004; Email: mross@creativerealtygroup.com; Web site: www.creativerealtygroup.com.
Georgia Duluth – Promenade at Pleasant Hill, a 281,631 sq.ft. community center located at the intersection of Pleasant Hill Road and Club Drive, has spaces available of 5,875 sq.ft.; 7,049 sq.ft. and 7,281 sq.ft. Old Time Pottery and Publix anchor the center. Cotenants include Farmers Home Furniture and Wendy’s. Area demographics include a population of 776,671 within 10 miles earning $86,022 as the average household income. Suwanee – Horizon Village, a 97,001 sq.ft. center located at the intersection of Horizon Drive and Lawrenceville Road, has a 47,955 sq.ft. space available. Area demographics include a population of 578,165 within 10 miles earning $90,048 as the average household income. For details, contact Ramco Gershenson, Inc., 2880 Holcomb Bridge Road, Suite 120, Alpharetta, GA 30022; 678-461-9142; Web site: www.rgpt.com.
Illinois Boilingbrook – County Aire Plaza, a power center located at the intersection of Weber Road and Veterans Parkway, has a divisible space of 32,000 sq.ft. available. Cotenants include Home Depot, Michaels, Party City, Lowe’s Home Improvement, The Patio and T.G.I. Friday’s. Area demographics include a population of 213,991 within five miles earning $124,311 as the average household income. Naperville – 95th Street Plaza, a 10,100 sq.ft. strip center located at the intersection of 95th Street and Book Road, has a 1,355 sq.ft. space available. Area demographics include a population of 213,991 within five miles earning $140,810 as the average household income. Schaumburg – Shoppes at Prime Village, a 75,000 sq.ft. strip center located at the intersection of Algonquin Road and Meacham Road, has spaces available of 1,200 sq.ft.; 4,000 sq.ft. and 10,000 sq.ft. Aldi, Wendy’s and Chicago Prime Steak House anchor the center. Cotenants include Culvers. Area draws include Schaumburg Convention Center and Harper College. Area demographics include a population of 282,501 within five miles earning $100,337 as the average household income. The
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Illinois average daily traffic count is 72,000 vehicles. Warrenville – Ferry Creek Plaza, a 12,900 sq.ft. strip center located at the intersection of Route 59 and Meadow Avenue, has spaces available of 1,360 sq.ft.; 2,000 sq.ft. and 4,600 sq.ft. Cotenants include Roma D’Italia, Minuteman Press and Hometown Pantry. Area demographics include a population of 151,398 within five miles earning $115,618 as the average household income. The asking rent is $13 psf. For more information, contact George Spirrison or Simeon Spirrison, Adelphia Properties, PO Box 4974, Oak Brook, IL 60522; 630-455-4495; Email: spirrison1@yahoo.com.
Indiana Evansville – Evansville Pavilion, a 416,182 sq.ft. center located at the intersection of Lloyd Expressway and Burkhardt Road, has spaces available from 1,200 sq.ft. to 28,169 sq.ft. Target Greatland anchors the center and cotenants include Borders, Bonefish Grill, Biaggi’s, Jos. A. Bank, Chico’s, Babies “R” Us, Factory Card Outlet, Fashion Bug, Kirkland’s, rue21, America’s Best, Pier 1 Imports, Justice, Payless ShoeSource, dressbarn, T.J. Maxx and Dick’s Sporting Goods. Area retail includes Guitar Center, Gordmans, Michaels, Best Buy, Wal*Mart, Staples, Home Depot, Kohl’s, PetSmart and Sam’s Club. Area demographics include a population of 163,746 within seven miles earning $33,405 as the median household income. The average daily traffic count is 46,150 vehicles. Lafayette – Lafayette Marketplace, located on Route 38, has spaces available from 1,200 sq.ft. to 21,000 sq.ft. Kmart anchors the center and cotenants include Catherines, Monical’s Pizza, Nature’s Pharm, Great Clips, Sally Beauty Supply, Michaels, Staples, PetSmart, Plato’s Closet, Dots, Rent-A-Center, Factory Card & Party Outlet, Heavenly Ham, H&R Block, Keepers Antiques, Merle Norman, Hollywood Video, Advance America, Penn Station, American Mattress, Pier 1 Imports, Lafayette Savings Bank and 9 Irish Brothers Pub. Area retail includes Best Buy, Barnes & Noble, JCPenney, Old Navy, hhgregg and Dick’s Sporting Goods. Area demographics include a population of 152,435 within seven miles earning $50,831 as the median household income. The average daily traffic count is 32,300 vehicles. For details, contact Paul Gold, Echo Retail, 11711 North Meridian Street, Suite 360, (continued on page sixteen)
RetAIleRS ARe StIll lookIng FoR SIteS Highlight your presence at the upcoming
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Carmel, IN 46032; 317-218-8100; Web site: www.echoretail.com. Or Bryan Chandler, Eclipse Real Estate, 280 East 96th Street, Suite 175, Indianapolis, IN 46240; 317-614-9402; Web site: www.eclipsere.com.
Massachusetts Tewksbury – Tewksbury Square Shopping Center, a 98,000 sq.ft. strip center situated on 14.5 acres, has spaces available of 2,200 sq.ft.; 2,700 sq.ft. and 3,600 sq.ft. Cotenants include Papa Ginos, AT&T Mobility and Dollar Valley. Area retail includes Wal*Mart, Home Depot, Market Basket, Staples, IHOP and Dunkin’ Donuts. Area demographics include a population of 179,000 within five miles earning $71,000 as the median household income. The average daily traffic count is 29,200 vehicles. The asking rent is $17 psf NNN with CAM of $3 psf and taxes of $1.50 psf. For details, contact Al Kozhuk, Renaissance Real Estate Co., PO Box 128, Lynnfield, MA 01940; 781-334-2476, Fax 781-334-2421; Email: renaisre@aol.com.
Michigan Flint – Eastridge Commons, a 287,453 sq.ft. center located at the intersection of Lapeer Road and South Center Road, has spaces available of 20,779 sq.ft. and 72,334 sq.ft. Target anchors the center and cotenants include T.J. Maxx. Area demographics include a population of 330,198 within 10 miles earning $52,141 as the average household income. Roseville – Roseville Towne Center, a 246,968 sq.ft. center located at the intersection of 12 Mile Road and Gratiot Avenue, has a 20,979 sq.ft. space available. Wal*Mart anchors the center and cotenants include Marshalls Megastore and Outback Steakhouse. Area demographics include a population of 971,200 within 10 miles earning $58,752 as the average household income. Warren – Hoover Eleven, a 284,770 sq.ft. center located at the intersection of Hoover Road and 11 Mile Road, has spaces available of 5,917 sq.ft. and 31,155 sq.ft. Kroger anchors the center and cotenants include Marshalls and OfficeMax. Area demographics include a population of 1.321 million within 10 miles earning $57,148 as the average household income. For details, contact Ramco Gershenson, Inc., 31500 Northwestern Highway, Suite 300, Farmington Hills, MI 48334; 248-3509900; Web site: www.rgpt.com. page 16
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Morris Plains – A 75,000 sq.ft. strip center situated on eight acres has a 27,000 sq.ft. space available. Pelican Ski & Sport anchors the center. Area demographics include a population of 172,245 within five miles earning $116,420 as the median household income. For details, contact Sandy Schonberger, Schonberger Associates, LLC, 615 West Mt. Pleasant Avenue, Livingston, NJ 07039; 973-758-9890, Fax 973-758-9877; Email: sandy@schonbergerassociates.com; Web site: www.schonbergerassociates.com.
Dayton – Eastown Shopping Center, a 195,000 sq.ft. center located on Linden Avenue, has spaces available from 700 sq.ft. to 25,000 sq.ft. Cotenants include Sun Cleaners, Fifth Third Bank, Discount Food Market, L.A. Nails, Cricket Wireless, Aaron’s Rents, King’s Furniture, Village Discount Outlet, GameStop, Buddy’s Carpet, CVS, Premier Rental Purchase, Rent-A-Center, Great Clips and Key Bank. Area demographics include a population of 354,896 within seven miles earning $57,387 as the average household income. The average daily traffic count is 13,843 vehicles. The asking rent ranges from $7 psf to $12 psf with NNN fees of $1.87 psf. Grove City – Buckeye Grove Shopping Center, a 116,000 sq.ft. center located at the intersection of Hoover Road and State Route 665/London Groveport Road, has a divisible space of 10,000 sq.ft. available along with a 1.3-acre outparcel. Kroger anchors the center and cotenants include Crema Café, Crystal Nails, Peking House, Saturday’s, Curves, Polo Tan, Alumni Grill & Pub, Save On Smokes, Tammy’s Pizza, Great Clips, Blockbuster Video, Edward Jones, Subway and Liberty Tax. Area retail includes Meijer and CVS. Area demographics include a population of 79,008 within six miles earning $66,942 as the average household income. The asking rent is $16 psf with NNN fees of $3.56 psf. Lancaster – Plaza Shopping Center, a 200,000 sq.ft. center located on North Memorial Drive, has spaces available of 1,000 sq.ft.; 2,000 sq.ft.; 3,000 sq.ft. and 3,400 sq.ft. Carnival Foods anchors the center and cotenants include Pit Stop, AutoZone, Family Dollar, Water Beds N Stuff, Rent-A-Center, World Gym, China Buffet, Big Lots and Buffalo Wild Wings. Area demographics include a population of 47,997 within five miles earning $53,063 as the average household income. The average daily traffic count is 32,000 vehicles. The asking rent is $8 psf with NNN fees of $1 psf. Mansfield – West Park Shopping Center, a 160,000 sq.ft. center located on Park Avenue West, has spaces available from 750 sq.ft. to 9,200 sq.ft. along with a one-acre outparcel. Dunham’s Discount Sports and Dollar General anchor the center. Cotenants include Comfrey Corner, Tha Shopp Barber Shop, Mr. Lee’s Ancient Wok, National Cash Advance, Q-Nails, Lew Petit Driving School, Rent-A-Center, Rose’s Beauty Supply, Picture Day Photography, Ditto’s Carry Out, Reflections Beauty Salon, China Club, Professional Image Nursing Uniforms, Hana’s Oriental Market, Gary’s Discount Outlet, Tara’s Floral Expressions, Willard Coin Exchange, Country Folk Craft
New York Jamaica – Jamaica Center, a 211,000 sq.ft. mall located at the intersection of Jamaica Avenue and Parsons Boulevard, has a 15,115 sq.ft. space available. National Amusements, Walgreens, Old Navy and Bally’s Total Fitness anchor the center. Cotenants include CitiFinancial, Subway, Dunkin’ Donuts, Golden Krust Bakery and Carver Federal Savings Bank. Area retail includes Jamaica Coliseum Mall. Area demographics include a population of 5.182 million within 10 miles earning $61,831 as the average household income. The average daily traffic count is 35,000 vehicles. The asking rent is $50 psf with CAM of $5 psf and taxes of $3 psf. For details, contact Joseph Alessandro, Capstone Realty, LLC, 141-07 20th Avenue, Suite 507, Whitestone, NY 11357; 718747-6700, Fax 718-747-7793; Email: jalessandro@capstonerealtynyc.com.
North Carolina Fayetteville – Marketfair Mall, a 248,192 sq.ft. project situated on 23.4 acres at the intersection of Skibo Road and Morganton Road, has spaces available of 3,500 sq.ft.; 5,000 sq.ft. and 9,056 sq.ft. Carmike Cinema anchors the center and cotenants include Gander Mountain, hhgregg, Cato’s and It’s Fashion. Area retail includes Starbucks, Toys “R” Us, Books-A-Million, Lowe’s Home Improvement, Staples and Cross Creek Mall, featuring Macy’s, Belk, JCPenney and Sears. Area demographics include a population of 288,576 within 10 miles earning $59,376 as the average household income. The average daily traffic count is 49,000 vehicles. The asking rent is $12 psf with CAM of $4.39 psf. For details, contact Patrick Murray, Real Estate Investment Team, 225 Ray Avenue, Suite 305, Fayetteville, NC 28301; 910-829-1617, Fax 910-829-1618; Email: patrick@reitnc.com; Web site: www.reitnc.com.
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and Richland Bank, along with Arby’s, Little Caesar’s and Subway occupying outlots. Area demographics include a population of 90,213 within seven miles earning $51,156 as the average household income. The average daily traffic count is 16,882 vehicles. The asking rent ranges from $7 psf to $8 psf with NNN fees of $2.27 psf. Powell – Powell Crossing Shopping Center, a 112,834 sq.ft. center located at the intersection of State Route 750/Powell Road and Sawmill Parkway, has a 1.3-acre outparcel available. Kroger anchors the center and cotenants include Goodwill Industries, Hallmark, Sun City Furniture, Great Clips, Massey’s Pizza, Subway, Marcy’s Clayground, Petland, Level One Lounge, Frame Makers, Beijing Restaurant, Wedgewood Cleaners, Spa Medico, Kenneth’s Hair Salon, H&R Block, Spa Nails, Pak Mail, Tokyo’s Sushi, Big League Barbers, Sprint and The Wedgewood Grill, along with Bob Evans, Applebee’s, Arby’s, Blockbuster Video, Culver’s and Valvoline occupying outlots. Area retail includes McDonald’s, Buffalo Wild Wings, Chipotle and Walgreens. Area demographics include a population of 127,051 within five miles earning $113,557 as the average household income. The average daily traffic count is 31,510 vehicles. The asking rent is $17 psf with NNN fees of $3.50 psf. For details, contact Skilken Real Estate, 4270 Morse Road, Columbus, OH 43230; 614-418-3100 or 800-243-8654, Fax 614418-3101; Web site: www.skilken.com
Emails: lweiselberg@kinproperties.com and lcherney@kinproperties.com; Web site: www.kinproperties.com. For details regarding the Springfield property, contact Len Weiselberg or Robert Crum; 888-5467767 Ext. 117; Email: rcrum@kinproperties.com.
Gym anchor the center. Cotenants include Jackson Hewitt, Szechuan Star, Sally Beauty Supply, Advance Auto, Princess Cleaners, Envy Nails, Flower Den, The UPS Store, Papa John’s, Delmar Baja Mexican, Ariana’s Grill, National Carpet, Little Italy, Smoothie King, Subway, Hair Zone, AT&T Mobility, Starbucks and 7-Eleven, along with Chevy Chase and McDonald’s occupying outparcels. Area demographics include a population of 403,225 within five miles earning $109,384 as the average household income. The average daily traffic count is 23,000 vehicles. Chantilly – Chantilly Plaza, a 104,000 sq.ft. center located at the intersection of Route 50 and Galesbury Lane, has space available. Stein Mart and Staples anchor the center. Cotenants include Hair By Yeon, King’s Bite, Backlick Cleaner, Crown Carpet, Advance Auto and Dollar Tree. Area draws include Washington Dulles International Airport. Area demographics include a population of 217,179 within five miles earning $147,651 as the average household income. The average daily traffic count is 71,000 vehicles. Fairfax – Courthouse Plaza, a 91,900 sq.ft. center located at the intersection of Old Lee Highway and University Drive, has space available along with a pad site. Safeway anchors the center and cotenants include Fran’s Cakes and Candies, Merritt Cleaners, CVS, Salon Mint, Shorty’s Deli, Sweetest Chef, Pizza Hut, China Garden, Buffalo Wing University, Virginia ABC, Shoes for Comfort and BB&T, along with Roy Rogers occupying an outparcel. Area draws include George Mason University. Area demographics include a population of 246,892 within five miles earning $144,744 as the average household income. For details regarding the Annandale and Fairfax properties, contact Jerry Taylor, Combined Properties, 1255 22nd Street Northwest, Suite 600, Washington, DC 20037; 202-736-2853, Fax 202-8333013; Email: jtaylor@combined.biz; Web site: www.combined.biz. For details regarding the Chantilly property, contact Stephanie Cramer; 202-736-2827; Email: scramer@combined.biz.
Mansfield – A 4,800 sq.ft. freestanding building situated on 0.46 acres on West 4th Street is available. Area retail includes Target, Toys “R” Us, BigKmart, Barnes & Noble, Lowe’s Home Improvement, Kohl’s, Meijer’s, Home Depot and Sam’s Club. Area demographics include a population of 60,259 within five miles earning $50,149 as the average household income. The asking rent is $9.75 psf with taxes of $0.99 psf. Springfield – A 4,000 sq.ft. freestanding building situated on 1.173 acres on Upper Valley Pike is available. Area retail includes BigKmart, Hobby Lobby, JCPenney and Sears. Area demographics include a population of 79,018 within five miles earning $49,610 as the average household income. The average daily traffic count is 15,179 vehicles. The asking rent is $6.95 psf with taxes of $1.97 psf. For details regarding the Mansfield property, contact Len Weiselberg or Lee Cherney, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888546-7767 Ext. 112/111, Fax 561-955-9921;
South Carolina Greenville – A 5,000 sq.ft. freestanding building situated on 0.6 acres on North Pleasantburg Drive is available. Area retail includes Bi-Lo, Blockbuster Video, CVS, Walgreens and Starbucks. Area draws include Bob Jones University. The average daily traffic count is 31,000 vehicles. The asking rent is $9.95 psf NNN with taxes of $1.29 psf. Also, a 7,726 sq.ft. freestanding building situated on 1.03 acres on Haywood Road is available. Area retail includes Haywood Mall, Rooms to Go, Babies “R” Us and Haverty’s. The average daily traffic count is 22,900 vehicles. The asking rent is $13 psf NNN with taxes of $2.09 psf. For details, contact Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-5467767 Ext. 118, Fax 561-955-9921; Email: mmakler@kinproperties.com; Web site: www.kinproperties.com.
Texas Hidalgo – Plaza del Puente, a 108,000 sq.ft. strip center situated on 21.84 acres at the intersection of International Boulevard and Coma Avenue, has spaces available of 2,000 sq.ft.; 3,000 sq.ft. and 12,000 sq.ft. along with outlots of 11,890 sq.ft.; 23,619 sq.ft. and 34,000 sq.ft. Area retail includes Beall’s, Hibbett Sporting Goods, Fallas Paredes, Melrose, Family Dollar, Perfumania, Gavel Western Wear and Fashion Group. Area retail includes Burger King, McDonald’s, Church’s Chicken, Jack in the Box and Subway. Area demographics include a population of 24,595 within 10 miles earning $42,991 as the average household income. The average daily traffic count is 26,750 vehicles. For details, contact Peter Romero, Mimco, Inc., 6500 Montana, El Paso, TX 79925; 915-779-6500, Fax 915-779-6509; Email: promero@mimcoelp.com; Web site: www.mimcoelp.com.
Virginia Annandale – Bradlick Shopping Center, a 145,000 sq.ft. center located at the intersection of Braddock Road and Backlick Road, has space available. Giant and Gold’s www.dealmakers.net
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Hampton – Todd Shopping Center, located at the intersection of Mercury Boulevard and Todd’s Lane, has a 4,400 sq.ft. space available. Northern Tool & Equipment, OfficeMax, Big Lots, Grand Furniture and Hancock Fabrics anchor the center. Cotenants include FYE, Advance Auto, Miller Mart and Merchant’s Tire & Auto Center. Area demographics include a population of 82,400 within
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three miles earning $50,400 as the average household income. For details, contact Tom Dunn, GVA Advantis; 757-597-0113; Email: tdunn@gvaadvantis.com; Web site: www.gvaadvantis.com. Portsmouth – Airline Market Place, an 82,000 sq.ft. strip center situated on 13 acres at the intersection of Airline Boulevard, Elmhurst Lane and Greenwood Drive, has spaces available of 1,300 sq.ft.; 1,500 sq.ft. and 4,550 sq.ft. along with outlots of 58,032 sq.ft.; 94,696 sq.ft. and 104,376 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.
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Washington
Graham – Graham Town Center, located on 224th Street, has spaces available of 1,300 sq.ft. and 2,400 sq.ft. Ace Hardware and Safeway anchor the center. Cotenants include Amica Italian Eatery, Pink Coconut Tanning Boutique, Pet Planet, Q’z Family Restaurant, Graham Fitness Club, Mongolian Grill/China Wok, Sylvan, AllState Insurance, Suns Teriyaki, H&R Block, Munchies, PD Nails, NW Pizza Inc., Fantastic Sams and Untaten’s Taekwondo Academy. The asking rent ranges from $16 psf to $20 psf. Lacey – Freedom Point Plaza, located on Freedom Lane Northeast, has spaces available from 1,296 sq.ft. to 4,000 sq.ft. Northwest Harley Davidson, Quadrant Homes and The RAM Restaurant anchor the center. Area retail includes Wal*Mart, Home Depot, Costco, OfficeMax and Best Buy. The asking rent is $18 psf NNN. Tacoma – Lincoln Plaza, an 81,000 sq.ft. center located at the intersection of 38th Street and Steele Street, has a 1,000 sq.ft. space available. Big 5 Sporting Goods anchors the center and cotenants include Al’s Music, The UPS Store, Signs Now, The Salon Professional Academy, Wells Fargo,
Sprint, Chevy’s, Starbucks, T-Mobile, Play N Trade, Quiznos, Desert Sun, Neo Vita, Pearl Optical, Famous Footwear, Oreck, AT&T Mobility, Men’s Wearhouse, Cycle Gear and Jared – The Galleria of Jewelry. Area retail includes Costco, Borders and REI. The average daily traffic count is 55,000 vehicles. Also, a center located on South 38th Street has spaces available of 1,400 sq.ft.; 3,000 sq.ft. and 4,156 sq.ft. Cotenants include The Money Tree, Maly’s and Fast Signs. Area retail includes Borders, Famous Footwear and Jared – The Galleria of Jewelry. The average daily traffic count is 58,000 vehicles. The asking rent is $20 psf NNN. For details, contact Rachel Corp, GVA Kidder Matthews; 253-722-1417; Email: rcorp@gvakm.com; Web site: www.gvakm.com. For additional details regarding the Graham property, contact Ben Norbe; 253-722-1410; Email: bnorbe@gvakm.com. For additional details regarding the Lacey property, contact Evan Parker or Amy Robinson; 360-705-0174 or 360-596-9153; Emails: eparker@gvakm.com and amyr@gvakm.com. DM
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July 17, 2009
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