Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXX No. XXVI
July 17, 2015
FEATURING HOME-RELATED CHAINS EXPAND Slumberland, Inc. trades as Slumberland Furniture and Slumberland Clearance Centers at 125 locations throughout IA, IL, IN, KS, MI, MN, MO, MT, ND, NE, SD and WI. The mattress stores occupy spaces of 25,000 sq.ft. to 40,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout AR, IA, IL (excluding the Chicagoland area), IN, KS, KY, MO, MT, ND, NE, TN, WI and WY during the coming 18 months. The company is franchising. For more information, contact Michael Larson, Slumberland, Inc., 3060 Centerville Road, Little Canada, MN 55117; 651-482-7500; Email: michael.larson@slumberland.com; Web site: www.slumberland.com. McCoy Corp. trades as McCoy’s Building Supply Center at 86 locations throughout AR, MS, NM, OK and TX. The company offers lumber, building supplies and farm and ranch equipment and occupies spaces of 18,000 sq.ft. in freestanding locations. Plans call for two openings throughout TX during the coming 18 months. Preferred demographics include a population of 30,000 within five miles. Major competitors include Lowe’s Home Improvement, Home Depot and Sutherland. For more information, contact Phil Hutchinson, McCoy Corp., PO Box 1028, San Marcos, TX 78667; 512-353-5400, Fax 512-805-6778; Email: phutchinson@mccoys.com; Web site: www.mccoys.com.
La-Z-Boy operates 326 locations nationwide and in Canada. The home furnishings stores, offering chairs, recliners, sofas, sectionals and outdoor furniture, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Chicago, IL and northwestern IN during the coming 18 months, with representation by Edgemark Commercial Real Estate Services, LLC. For more information, contact Matthew Smetana, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-472-1010, Fax 630-4721019; Email: msmetana@edgemarkllc.com; Web sites: www.edgemarkllc.com and www.la-z-boy.com. Waters, Inc. trades as Waters True Value Hardware at seven locations in KS. The home improvement stores, offering tools, paint supplies, outdoor products and building materials, occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Plans call for one opening in CO, IA, KS, MO, NE or OK during the coming 18 months. For more information, contact James Waters, Waters, Inc., 3213 Arnold Avenue, Building 122, Salina, KS 67401; 785-825-7309, Fax 785-8237685; Email: jwaters@waters-ks.com; Web site: www.waterstruevalue.com. (continued on page twelve)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 20,476 locations with plans to open 1,825 sites • Real estate valued in excess of $500 million to be bought, sold & financed • Leasing activity on over 3.7 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
ICSC NEW ENGLAND IDEA EXCHANGE New Construction Genesis Real Estate Advisers, LLC to double the size of 400,000 sq.ft power center in FL.............. Pg. 4 Buyers and Sellers The Greysteel Co. closed the sale of Giant Food-anchored center Pg. 5 Observations and Conversations Pg. 6 Who’s Opening and Where Yoga Pod, Inc. plans to open 20 studios in 2016........................... Pg. 8 Food Chains Expand Abuelo’s to grow nationally........ Pg. 9 Exclusives The Weitzman Group reps Rock Bottom Restaurants & Brewery in TX.............................................. Pg. 10 Lease Signings Cushman & Wakefield Thalhimer inks deal with Tuesday Morning and Hancock Fabrics.................. Pg. 11 Making The News Relates Cos. taps executive vice president.................................... Pg. 11 Sources of Financing Capstone Financial closes funding for retail portfolio........... Pg. 11 Lead Sheet Xscape Theatres to enter new markets east of the Rockies......... Pg. 14 Plow & Hearth grows in the MidAtlantic and northeastern states Pg. 15 Whole Foods looking in AK and WA for growth opportunities...... Pg. 16 Space Place................................ Pg. 18