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
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NEW CONSTRUCTION Pegasus Retail is preleasing a 6.76-acre planned retail development located at the intersection of Paseo del Norte and San Pedro Boulevard in Albuquerque, NM. Retail spaces from 1,200 sq.ft., pad sites and junior anchor spaces of up to 50,000 sq.ft. will be available. Area retailers include Target, Kohl’s, Lowe’s Home Improvement, Walgreens, Starbucks, Chick-fil-A, Five Guys Famous Burgers and Fries, Office Depot, Verizon Wireless, Mattress Firm, McDonald’s and Mister Car Wash. Area demographics include a population of 170,426 within a five-mile radius earning $59,978 as the median household income. The average daily traffic count is 49,000 vehicles along Paseo del Norte. For more information, contact Anthony Johnson, Kira Wege or Steve Lyon, Pegasus Retail; 505-346-0019/0020/9994; Emails: aj@pegasusgroupnm.com; kira@pegasusgroupnm.com and steve@pegasusgroupnm.com. Edgewood Properties is preleasing Towne Center at Freehold, a mixed-use development located at the intersection of Elton-Adelphia Road and Jackson Mills Road in Monmouth County, NJ. Up to 10,000 sq.ft. of retail space is available. Cotenants include TD Bank and The Malvern School. Area retailers include Acme, Walgreens, Burger King, Sherwin-Williams, Planet Fitness, Golden Corral, T.G.I. Friday’s, Walmart Supercenter, Sam’s Club and Longhorn Steakhouse. Area demographics include a population of 81,238 within a fivemile radius earning $111,215 as the average household income. For more information, contact Sid Singer, Edgewood Properties, 1260 Stelton Road, Piscataway, NJ 08854; 732985-1900, Fax 732-985-5588; Email: ssinger@edgewoodproperties.com; Web site: www.edgewoodproperties.com. DeBartolo Development is redeveloping Ledgewood Mall, a 518,000 sq.ft. openair retail center located along Route 10 in Roxbury Township, NJ. Junior anchor spaces are available. Cotenants include Marshalls, Ashley Furniture, Walmart, The Sports Authority, Men’s Wearhouse and Ruby’s Tuesday. Area retailers include the Roxbury Mall, featuring Shop Rite, The Home Depot, Kohl’s, Petco and Staples. Area demographics include a population of 104,115 within a five-mile radius earning $107,177 as the average household income. For more information, contact Jay Adams, DeBartolo Development; 813-676-7694; Email: jadams@debartolodevelopment.com; Web site: www.debartolodevelopment.com. Page 4 | July 17, 2015
Genesis Real Estate Advisers, LLC is developing the 400,000 sq.ft. expansion of The Grove at Wesley Chapel, a 400,000 sq.ft. community shopping center located on the west side of Interstate 75, north of State Road 54, in Wesley Chapel, FL. Cotenants include Best Buy, Dick’s Sporting Goods, Bed Bath & Beyond, Toys “R” Us, T.J. Maxx, Michael’s, Old Navy, PetSmart, Ulta and an 85,000 sq.ft. CineBistro. Area demographics include a population of 138,446 within a sevenmile radius earning $76,532 as the average household income. For more information, contact Genesis Real Estate Advisers, LLC, 800 Mount Vernon Highway Northeast, Suite 410, Sandy Springs, GA 30328; 404-869-2700, Fax 404869-7111; Web site: www.genesis-rea.com. WestMar Commercial Real Estate is preleasing Menifee Crossroads, located at the intersection of Interstate 215 and Scott Road in Menifee, CA. Shop spaces will be available during 2017. The site is adjacent to a proposed Walmart. Area retailers include Albertsons, Carl’s Jr., Del Taco, 7-Eleven, Walgreens and Jack-in-the-Box. Area demographics include a population of 140,461 within a five-mile radius earning $84,127 as the average household income. The average daily traffic count is 85,000 vehicles. For more information, contact Fred D. Grimes, WestMar Commercial Real Estate, 41623 Margarita Road, Suite 100, Temecula, CA 92591; 951-491-6300, Fax 951-4916330; Email: fgrimes@westmarcre.com; Web site: www.westmarcre.com. Armstrong Development Properties, Inc. is proposing the development of Lawton Marketplace, located at the intersection of Northwest 82nd Street and Northwest Cache Road in Lawton, OK. Outparcels are available. Area retailers include Target, Academy Sports, T.J. Maxx, Chuck E. Cheese and PetSmart. Area demographics include a population of 60,626 within a fivemile radius earning $59,735 as the average household income. For more information, contact Bowen Hendrix or Andy McHargue, Armstrong Development Properties, Inc., 1112 East Copeland, Suite 340, Arlington, TX 76011; 972-869-8055, Fax 972-869-8063; Emails: rhendrix@agoc.com and amchargue@agoc.com; Web site: www.armstrongdev.com. Eagle Commercial Services is preleasing a 32,670 sq.ft. mixed-use development located along South Main Street in Royal Oak, MI. Plans call for office and retail components.
Area retailers include Rite Aid, H&R Block, Metro PCS and Advance America. Area demographics include a population of 30,626 within two miles earning $57,139 as the average household income. The average daily traffic count is 23,257 vehicles along Main Street. For more information, contact Cathy Wilson, Eagle Commercial Services, 5757 West Maple, Suite 800, West Bloomfield, MI 48322; 248-539-7997; Web site: D www.eaglecommservices.com. M
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Creative Director Anthony Pingicer • anthony@dealmakers.net Account Executive Nicole Papa • nicole@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (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 $344 per year U.S., foreign $419 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 DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2015 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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BUYERS AND SELLERS Stan Johnson Co. is selling a freestanding Walmart Neighborhood Market located in Katy, TX. The tenant is bound to a 20year NNN lease featuring 15, five-year renewal options with 5% rent escalations. Area demographics include a tradearea population within one mile earning $131,242 as the average household income. The asking price is $11.2 million with a Cap rate of 5%. The company is also selling Southwest Shoppes at Corbin Park located in Overland Park, KS. Tenants include Buffalo Wild Wings, Firehouse Subs and The UPS Store. Area retailers include Lifetime Fitness, JC Penney, Von Maur, Stein Mart and Ulta. Area demographics include a trade-area population earning $120,000 as the average household income. The average daily traffic count is 76,000 vehicles. The asking price is $5 million. For more information regarding the Katy property, contact Brett Butler, Andrew Peeples or Jeff Jackson, Stan Johnson Co., 10333 Richmond Avenue, Suite 740, Houston, TX 77042; 832-485-7304/7305/7312; Emails: bbutler@stanjohnsonco.com; apeeples@stanjohnsonco.com and jjackson@stanjohnsonco.com. For more information regarding Southwest Shoppes at Corbin Park, contact Ryan Butler, 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918-494-2690; Email: rbutler@stanjohnsonco.com. TRI Commercial is selling a freestanding Smart and Final Extra! grocery store located along Elk Grove Boulevard in Elk Grove, CA. The tenant is bound to a lease featuring 15 years on the initial term and featuring 10% rent escalations every five years. The asking price is $7.955 million with a Cap rate of 5.1%. For more information, contact Jared Dong or Bob Dong, TRI Commercial, 1455 Response Road, Suite 110, Sacramento, CA 95815; 916-669-4561/4560; Emails: jared.dong@tricommercial.com and bob.dong@tricommercial.com. The Greysteel Co. recently negotiated the sale of New Town Village Center, a 117,593 sq.ft. shopping center located along Groffs Mill Drive in Owings Mills, MD. At the time of the sale, the property was 98% occupied with Giant Food supermarket anchoring the center. Tenants included Starbucks, Hair Cuttery, M&T Bank and Ledo Pizza. The center was acquired for $31.68 million. For more information, contact The Greysteel Co., 7735 Old Georgetown Road, Suite 301, Bethesda, MD 20814; 202280-2722, Fax 202-355-0306; Web site: www.greysteel.com. Dealmakers Magazine | www.dealmakers.net
Marcus & Millichap is selling Northampton Shopping Center, an 84,000 sq.ft. shopping center located along Kerry Forest Parkway in Tallahassee, FL. The center is currently 62% occupied and tenants include SherwinWilliams, Pizza Hut, The UPS Store and Subway. Area demographics include a tradearea population earning $100,000 as the average household income. The asking price is $10.2 million with a Cap rate of 6.32%. For more information, contact Jonathan Gerszberg, Marcus & Millichap, 5201 Blue Lagoon Drive, Suite 100, Miami, FL 33126; 786-522-7022; Email: jgerszberg@marcusmillichap.com; Web site: www.marcusmillichap.com.
For more information regarding The Shoppes at Metropolitan Tower, contact Rebecca Wells, Bruce Miller or Peter Caruso, Jones Lang LaSalle, 8900 Keystone Crossing, Indianapolis, IN 46240; 312-848-2048/312-228-2340/2926; Emails: rebecca.wells@am.jll.com; bruce.miller@am.jll.com and peter.caruso@am.jll.com. For more information regarding the portfolio, contact David F. Monahan, 300 Interspace Parkway, Building A, Suite 3, Parsippany, NJ 07054; 212-812-5704; Email: david.monahan@am.jll.com.
Colliers International is selling a 60,757 sq.ft. portion of Aliante Marketplace, a 168,134 sq.ft. shopping center located at the intersection of Interstate 215 Beltway and Aliante Parkway in Las Vegas, NV. The property is currently 94.66% occupied and tenants include Wells Fargo Bank, Chase Bank, KFC, 7-Eleven and Starbucks. Area draws inclue Aliante Casino + Hotel + Spa. For more information, contact Grant Traub or David Grant, Colliers International, 3960 Howard Hughes Parkway, Suite 150, Las Vegas, NV 89169; 702-836-3789/3785; Emails: grant.traub@colliers.com and david.grant@colliers.com; Web site: www.colliers.com.
Bull Realty Commercial Real Estate is selling Eufaula Town Center, a 92,130 sq.ft. neighborhood shopping center situated on 12.86 acres along Eufaula Avenue in Eufaula, AL. Burkes Outlet anchors the site and tenants include Marvin’s Building Material, Farmer’s Home Furniture, CATO and Shoe Show. Area retailers include Tractor Supply Co., Winn Dixie, Goody’s, Aaron’s, Family Dollar and CVS. The average daily traffic count is 27,000 vehicles. The asking price reflects a Cap rate of 9.1%. For more information, contact Michael Bull, Theresa Johnson or Frank W. Meyrath, Jr., Bull Realty Commercial Real Estate, 50 Glenlake Parkway, Suite 600, Atlanta, GA 30328; 404-876-1640 Ext. 101/109/129; Email: michael@bullrealty.com; Web site: www.bullrealty.com.
Jones Lang LaSalle is selling The Shoppes at Metropolitan Tower, a 36,386 sq.ft. property located along South Michigan Avenue in Chicago, IL. The company is also selling a portfolio of five regional malls located throughout AR, NM and TX. The portfolio has a total occupancy rate of 95.6%.
SRS Real Estate Partners, in partnership with Lincoln Property Co., is selling City Crossing, a 298,933 sq.ft. shopping center located in Warner Robins, GA. Ross Dress for Less, HomeGoods, Old Navy and Michaels anchor the property. For more information, contact Kyle Stonis, SRS Real Estate Partners; 678-420-1393. DM
The Greysteel Co. recently negotiated the sale of New Town Village Center in Owings Mills, MD. July 17, 2015 | Page 5
OBSERVATIONS AND CONVERSATIONS Many retailers feel trapped in a gunshot wedding. They want store growth, but many chains still don’t want to put a ring on it and seal the deal with an exclusive. Ann O’Neal Welcome to our special edition for the ICSC New England Idea Exchange. I’ve had some time to reflect on my experiences at RECon and the thoughts of quite a few other people on their take away of the convention. It’s my understanding that 36,007 dealmakers ascended on Las Vegas. Business is good and in some cases very good, but most companies are still playing catch up with the debts they accrued during the recession and dealing with deferred capital expenses. Plus, a lot of companies are substantially increasing investments in human capital and hiring to pre-recessionary staff levels. I’m also seeing a ton of start-up companies in brokerage, development and property management. Many of the brokerage companies that specialize in leasing are adding an investment sales division as well. Every day for the past few months, companies that I’ve never heard of are sending marketing packages my way. Most of the new companies are either boutique brokerage firms with two to four brokers or generalist brokers in a local market that just so happen to pick up a few retail listings. Also, there’s a noticeable influx of multi-family developers handling the development and leasing of the retail components of their properties. Historically, multi-family developers teamed up with either a retail developer or at least a brokerage company that specialized in retail real estate to fill retail space within their projects. Mergers among brokerage companies are prolific right now. I’m hearing that large brokerage companies are paying some big bucks to acquire strong regional retail brokerage companies. With so many new players coming into the retail real estate industry, competition is heating up. I met with 20 or so retailers at RECon to chat about their long range strategies and five-year store projections. All of them were optimistic and bullish on opening new stores. Most have high aspirations with their five-year plan growth plans. They also have concerns on how they will increase the size of their real estate department and/or tap deeper into the brokerage community in order to achieve their goals. Yet very few of the retailers that I spoke with are willing to commit to exclusive tenant rep relationships. I understand retailers’ trepidations, but I also understand what it takes to be an effective tenant rep and the underlying hard costs associated with servicing an account. My hunch is that no brokerage company would ever admit it to retailers that are reluctant to sign off on an exclusive that their brokers won’t invest as many resources and man power to executing the retailer’s expansion plans as they would if they had an exclusive. Most agreed with me, but many retailers feel trapped in a gunshot wedding. They want store growth, but many chains still don’t want to put a ring on it and seal the deal with an exclusive. The editors of The Dealmakers sort through all of the literature that we collect at RECon and it’s always interesting to spot broad brush stroke trends when you look at thousands of sites nationwide. I look for trends in anchors, typical GLAs of proposed centers, what region is the most actively marketing space for lease, and etc. Most of leasing packages that I perused of proposed sites were small centers and many had GLAs under 40,000 sq.ft. with a shadow-anchor. The brochures of existing spaces for lease showed either a center with one or maybe two spaces available or centers that are close to death’s doors being touted as “redevelopment underway.” I also noticed that supermarkets are getting aggressive, perhaps too aggressive with new store growth. If most of the grocery store chains Page 6 | July 17, 2015
actually make their new store projects up through 2018 and open stores in all the leasing brochures of proposed sites that I looked through, it will be a blood bath and we’ll start to see the weaker chains go bankrupt or be bought. I’m already hearing rumblings about regional chains operating traditional supermarkets having trouble and scrambling for solutions to deal with an onslaught of competition. Even the national chains are trying to figure out the next cycle of the supermarket industry and how they will cope with millennial consumers as this group edges closer to increasing its consumption as growing families. This demographic also has thrown a monkey wrench in the mix, because a large percentage of millennials aren’t getting married or starting families until their late 30’s, if at all. I live near Philadelphia and as an example of changing demographic trends, 65% of the residents living in the downtown proper are under the age of 44 and close to 40% of the population doesn’t own a car, mind you downtown Philadelphia ranks about the third most densely-populated downtown of any city in the country. Bringing fresh foods to densely populated areas in the past has been done more in a farmers market or bodega type setting. National chains want to take over the fresh food and necessity item shopping in markets with dense millennial populations. Target is testing the waters with catering to the millennial consumer by opening its Target Express concept in downtown Philadelphia next year. The express store will carry a large assortment of fresh foods and occupy 16,000 square feet across two levels. Target Express is opening multiple stores in Minneapolis, MN along with multiple stores in the San Francisco, CA market. The company is also growing its CityTarget concept with a 160,000 sq.ft. store in the Fenway Park area of Boston, MA. The Fenway Park store will include a large supermarket selection as well as beer and liquor sold on its third floor. Whole Foods is also paying attention to the millennial demographic by launching its 365 by Whole Foods concept. I watched several recent You Tube videos of its president talking about what differentiates the 365 concept and the company’s plans to open five to 10 of the concept stores next year. He described the layout to be streamlined, “hip,” and cool technology that has a true function, not the use of technology for technology’s sake. The 365 footprint is expected to range from 10,000 to 18,000 sq.ft. Sites in Prescott, AZ and Chicagoland, IL have been selected as part of its 2016 new store opening plans. I expect to see some major changes in supermarket formats during the next 10 years. It wouldn’t surprise me if mid-size supermarkets started to morph into small format stores or on the far spectrum operating super-sized stores. I have to wrap it up. Stop by our booth in Boston. The next few months will busy getting ready for the upcoming ICSC Dealmaking circuit with Florida, Western and Southeast States, Philadelphia, Chicago and Texas shows right around the corner. And yes, we even have the National show in NY on our minds. I’m already getting a lot of calls to book ads and eblast for the NY show during December. In a blink, it will be 2016! Have a great show in Boston, Ann O’Neal, Publisher Dealmakers Magazine | www.dealmakers.net
WHO’S OPENING AND WHERE Johnny Rockets Group, Inc. (949-643-6100) planned to open 25 restaurants this year, with another 100 locations slated to be opened by 2017. The company is seeking sites throughout Houston, TX; Tucson, AZ; Bridgewater, NJ; Gainesville, FL and Bakersfield and Fresno, CA for the Johnny Rockets, Johnny Rockets Express and Johnny Rockets Route 66 concepts. Preferred site locations include malls, strip centers, airports, casinos, amusement parks, sports arenas and seaports. Hooters of America, LLC (770-951-2040), through a franchise expansion plan with Wings of South Florida, LLC, is opening five Hooters restaurants throughout southern FL over the next six years, with the first location slated to open during June 2016. Future expansion plans call for the opening of 150 locations planned during the coming five years. The company currently operates more than 400 fast-casual restaurants throughout 42 states nationwide and 26 countries internationally. The Melting Pot Restaurants, Inc. (813881-0055), through franchisee expansion, is seeking to open Burger 21 restaurants throughout Cherry Hill, Trenton, Clifton, Morrisville and Toms River, NJ; Long Island, Buffalo, Syracuse, Albany, Rochester and the surrounding boroughs of New York, NY, as well as in Philadelphia, Pittsburgh and Harrisburg, PA. The company also operates as The Melting Pot. Walk-On’s Bistreaux and Bar (225-7578010) is expanding into the Shreveport, LA market, with locations slated to open at the Juban Crossing shopping center in Denham Springs and in Zachary during 2016.
Aldi, Inc. (630-879-8100) is planning to open 25 Aldi locations before July 2016 throughout the southern CA area. The company currently operates nearly 1,400 grocery stores throughout 32 states in the Midwest, southern and east coast regions of the U.S. and is expected to operate nearly 2,000 locations by the end of 2018. Russo’s Restaurants (713-821-1322) is planning to open three restaurants in the Tulsa, OK market during the next 12 to 18 months. The company currently operates 44 locations throughout AR, FL, HI, OK, TN and TX, as well as internationally and operates under the trade-names Russo’s Coal-Fired Italian Kitchen and Russo’s New York Pizzeria. Sendik’s Food Markets (414-964-9525) will open a Sendik’s Fresh2Go store at Village of Greendale, located at the intersection of West Loomis Avenue and Southway in Greendale, WI during summer 2016. Plans also call for the opening of a full line store at The Corners of Brookfield in Milwaukee, WI. Target Corp. (612-304-6073) is planning to open a TargetExpress store at the intersection of 19th Street and Chestnut Street in Philadelphia, PA during July 2016. It is one of eight TargetExpress stores the company plans to open across the country. The company, offering apparel, toys, housewares, pet supplies and electronics, currently operates more than 1,790 locations nationwide. Kono Pizza (855-566-6872) currently has 15 units in development across the U.S. The company operates 130 locations throughout 20 countries worldwide.
Arooga’s Grille House & Sports Bar (717635-9464), through a franchise expansion plan, is opening a minimum of 10 locations throughout the Long Island and Queens areas of NY. The company currently operates 10 corporate locations and 34 franchised units. Bubbakoo’s Burritos (732-974-8444), through a franchisee expansion, is opening two restaurants by the end of the year in NJ, with an additional six units slated to open during 2016. The company is considering sites in the Freehold, Howell, Manahawkin, Paramus and Mahwah areas and currently operates eight locations in NJ. Yoga Pod, Inc. (303-444-4232) through a franchisee expansion agreement, is planning to open Yoga Pod locations in Waco, TX and Del Ray, FL. The company will operate 12 to 15 yoga studios by year’s end and is slated to open an additional 20 units during 2016. Wood Ranch BBQ & Grill (805-719-9000) is planning to open restaurants throughout the mid-Atlantic region of the U.S., including DE, MD, PA, VA and the Washington, DC metropolitan area. The chain of bar/ restaurants currently operates 16 locations. Yogibo (877-964-4266), offering lounge furniture, home decor and home accessories, recently opened its first Rochester, NY area store at Eastview Mall. The company currently operates more than 20 locations throughout the northeastern and mid-Atlantic regions of the U.S. Off the Leaf (406-839-2033) is planning to open four coffee shops nationwide. The company currently operates a location in D Billings, MT. M
GET LISTED IN THE DEALMAKERS MAGAZINE FOR FREE! WWW.DEALMAKERS.NET/ FREE-PUBLICITY Yogibo recently opened its first Rochester, NY area store at Eastview Mall. Page 8 | July 17, 2015
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FOOD CHAINS EXPAND Ocean Prime operates 13 locations throughout AZ, CA, CO, FL, GA, IN, MA, MI, NY, OH, PA and TX. The seafood restaurants prefer to occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in strip and power center, as well as urban areas and freestanding locations. Growth opportunities are sought throughout Broward, Miami-Dade and Palm Beach, FL during the coming 18 months, with representation by Katz & Associates. Twin Peaks operates 69 locations throughout the mid-states, western and southern regions of the U.S. The restaurants prefer to occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout southwestern FL, from Bradenton to Naples, during the coming 18 months, with representation by Katz & Associates. Habit Burger & Grill operates more than 100 locations throughout AZ, CA, NJ and UT. The restaurants prefer to occupy spaces of 2,200 sq.ft. to 2,800 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout FL during the coming 18 months, with representation by Katz & Associates. For more information, contact Paige Eber, Katz & Associates, 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-8694341; Email: peber@dkatz.com. Qdoba Mexican Restaurant operates more than 600 locations nationwide. The Mexican restaurants prefer to occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. in freestanding locations and inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Pierson Commercial Real Estate, LLC. For more information, contact Jason Pierson, Pierson Commercial Real Estate, LLC, 79 Route 520, Suite 202, Englishtown, NJ 07726; 732-707-6900 Ext. 1; Email: jason@piersonre.com; Web site: www.piersonre.com. Texas Corral Grill & Saloon operates 12 locations throughout IL, IN and MI. The restaurants prefer to occupy spaces of 6,000 sq.ft. to 8,500 sq.ft. in freestanding locations and regional and neighborhood strip centers. Plans call for three openings throughout IL during the coming 18 months, with representation by Baum Realty Group. For more information, contact Ken Robberechts, Baum Realty Group, 1030 West Chicago Avenue, Suite 200, Chicago, IL 60642; 312-275-3103, Fax 312-628-8189; Email: ken@baumrealty.com; Web site: www.baumrealty.com. Dealmakers Magazine | www.dealmakers.net
Red Robin operates more than 500 locations nationwide and in Canada. The restaurants prefer to occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Naples and southern FL during the coming 18 months, with representation by Koniver Stern Group. Brothers Jimmy’s BBQ operates 12 locations throughout CT, FL, NJ and NY. The restaurants occupy 5,000 sq.ft. to 6,000 sq.ft. endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout southern FL during the coming 18 months, with representation by Koniver Stern Group. For more information regarding Red Robin, contact Kerry Newman or Michael Finkle, Koniver Stern Group, 1665 Washington Avenue, Penthouse, Miami Beach, FL 33139; 305-532-6100 Ext. 231; Email: kerry@koniversterngroup.com; Web site: www.koniversterngroup.com. For more information regarding Brothers Jimmy’s BBQ, contact Kerry Newman. OSF International, Inc. trades as Old Spaghetti Factory at more than 40 locations throughout AZ, CA, CO, HI, ID, IN, KY, MN, MO, OH, OR, TN, UT and WA. The Italian restaurants prefer to occupy spaces of 8,500 sq.ft. to 12,000 sq.ft. in mixed-use and power centers, urban/downtown areas, secondgeneration buildings and freestanding locations. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Director of Real Estate, OSF International, Inc., 0715 Southwest Bancroft Street, Portland, OR 97239; 503-225-0433 Ext. 327, Fax 503226-6214; Email: ric@osf.com; Web site: www.osf.com.
Abuelo’s operates more than 40 locations throughout the mid-states, southern and western regions of the U.S. The Mexican restaurants prefer to occupy spaces of 7,000 sq.ft. in freestanding locations. Growth opportunities are sought nationwide during the coming 18 months, with representation by Edge Realty Partners. Aspen Creek Grill operates five locations throughout IN, KY and TX. The restaurants occupy spaces of 7,600 sq.ft. in strip and power centers, urban areas and freestanding locations. Growth opportunities are sought throughout OK and TX during the coming 18 months, with representation by Edge Realty Partners. For more information, contact Tyler Grisham, Edge Realty Partners, 5950 Berkshire Lane, Suite 700, Dallas, TX 75225; 214-545-6900; Email: tgrisham@edge-re.com; Web site: www.edge-re.com. Cantina Laredo operates locations in the U.S. and internationally. The Mexican restaurants prefer to occupy spaces of 6,500 sq.ft. to 10,000 sq.ft. in shopping centers. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by BCD. Toby’s Estate operates three locations in NY. The coffee shops prefer to occupy spaces of 600 sq.ft. to 1,200 sq.ft. in strip centers and urban/ downtown areas. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by BCD. For more information, contact Alexandra Turboff, BCD, 10 West 37th Street, Third Floor, New York, NY 10018; 212-260-5210 Ext. 16; Email: aturboff@bcdmail.com; Web site: www.bcdevelopment.com. DM
Qdoba Mexican Restaurant is seeking growth opportunities throughout central and northern NJ during the coming 18 months. July 17, 2015 | Page 9
EXCLUSIVES AND TENANT REPS Next Realty Mid-Atlantic, LLC (703-4424500) is representing the following retailers with their expansion plans: Target on land areas of 12 to 15 acres throughout central and southern VA, and in WV and western MD; Dick’s Sporting Goods occupying spaces of 40,000 sq.ft. to 50,000 sq.ft. throughout central and southern VA, as well as the Washington, DC metropolitan area, and in spaces of 35,000 sq.ft. in smaller markets; Earth Fare using spaces of 20,000 sq.ft. to 25,000 sq.ft. throughout the Washington, DC and Baltimore, MD metropolitan areas, as well as in central and southern VA and Jo-Ann Fabrics utilizing spaces of
12,500 sq.ft. to 22,500 sq.ft. throughout the Washington, DC and Baltimore, MD metropolitan areas. The Weitzman Group (214-954-0600) is representing the following retailers with their expansion plans throughout TX: Rock Bottom Restaurant & Brewery in spaces of 6,000 sq.ft. to 8,000 sq.ft., Rusty Taco occupying spaces of 2,200 sq.ft. and Smashburger utilizing spaces of 2,000 sq.ft. to 2,400 sq.ft. throughout Dallas/Ft. Worth; Rocket Fizz using spaces of 1,500 sq.ft. to 2,500 sq.ft. and SEE Selective Eyewear Elements in spaces of 800 sq.ft. to 1,200
H ! T R I E W D GO RKET LEYATHING LESS? A MA FOR AN LE T T E S WHY
3 GROWING STRONG… Over 5,475 stores, and we open more every week 3 STORES THAT ARE 100% COMPANY OWNED AND OPERATED… No franchises 3 FINANCIALLY DISCIPLINED… We make the right decisions to protect our shareholders 3 RELIABLE… Whether purchase money or rent, our funds will be there…on time, every time For site criteria and contact information go to www.autozonerealestate.com or simply use your smartphone to scan the QR code
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Caliber Commercial Brokerage (585-4544500) is representing the following retailers with their expansion plans throughout upstate NY: Anthony’s Coal Fired Pizza in spaces of 3,000 sq.ft. to 4,000 sq.ft.; AT&T Mobility using spaces of 1,400 sq.ft. to 3,500 sq.ft. and HairZoo utilizing spaces of 1,200 sq.ft. to 2,000 sq.ft. The company is also representing the following the following retailers with their expansion plans throughout western NY: Costco Wholesale in spaces of 145,000 sq.ft.; Games Workshop using spaces of 1,000 sq.ft. to 1,400 sq.ft.; Massage Heights occupying spaces of 3,000 sq.ft.; Pigtails & Crewcuts utilizing spaces of 1,400 sq.ft. to 1,600 sq.ft.; rue21 in spaces of 5,000 sq.ft. to 8,000 sq.ft.; Sears Hometown & Outlet using spaces of 7,000 sq.ft. to 8,000 sq.ft. and Sweet Frog occupying spaces of 1,500 sq.ft. to 2,000 sq.ft. Northwest Atlantic (416-391-3900) is representing the following retailers with their expansion plans throughout Canada: The Body Shop occupying spaces of 800 sq.ft., Bourbon Street Grill utilizing spaces of 350 sq.ft. to 450 sq.ft., Car Z in spaces of 250 sq.ft. to 700 sq.ft. and The Children’s Place using spaces of 3,000 sq.ft. to 4,000 sq.ft. countrywide; Bootlegger in spaces of 2,500 sq.ft. to 3,500 sq.ft. and Chico’s using spaces of 2,800 sq.ft. to 3,200 sq.ft. countrywide, excluding Quebec; bubble tease in inline spaces of 300 sq.ft. and kiosks of 200 sq.ft. throughout the greater Toronto area; Caryl Baker Visage using spaces of 400 sq.ft. to 1,000 sq.ft. in major markets countrywide and Cinema Yours to Own occupying spaces of 1,000 sq.ft. to 1,300 sq.ft. throughout D southwestern Ontario. M
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 5,475 stores throughout 49 states, the District of Columbia and Puerto Rico in the U.S., as well as in Mexico and Brazil.
AZRealEstateMagazineAd FY15_4.8.15.indd Page 10 | July 17, 2015
sq.ft. throughout Houston and Dallas/Ft. Worth; UFC Gym in spaces of 6,000 sq.ft. to 7,000 sq.ft. throughout Houston; Urgent Clinics occupying 3,000 sq.ft. inline spaces or endcaps of shopping centers throughout the greater Houston area; Carrabba’s Italian Grill using spaces of 6,000 sq.ft. in Austin; Chicken Express utilizing spaces of 2,400 sq.ft. to 3,000 sq.ft. in freestanding buildings throughout the Houston metropolitan area and Pier 1 Imports occupying spaces of 9,500 sq.ft. to 10,000 sq.ft. throughout Houston and San Antonio.
4/8/15 11:10 AM
Dealmakers Magazine | www.dealmakers.net
REAL ESTATE PROFESSIONALS MAKING THE NEWS
LEASE SIGNINGS Cushman & Wakefield | Thalhimer (804648-5881) recently negotiated the following transactions throughout VA: with Tuesday Morning for 10,600 sq.ft. at Columbus Village East, located along Virginia Beach Boulevard in Virginia Beach, with Ed Kimple and David Machupa of Cushman & Wakefield | Thalhimer representing the landlord and Chris Good of Cushman & Wakefield | Thalhimer representing the tenant in the transaction; with Panda Express for 2,235 sq.ft. at University Square, located along Wards Road in Lynchburg, with Connie Jordan Nielsen of Cushman & Wakefield | Thalhimer negotiating the transaction and with AT&T Mobility for 2,000 sq.ft. at Fairfield Shopping Center located along Providence Road in Virginia Beach, with Eric Stanley, Ed Kimple and David Machupa handling the transaction. The company also recently negotiated lease renewals with Aldi for 16,180 sq.ft. at Centre at Culpeper, located along Montanus Drive in Culpeper, VA with Bruce Bigger of Cushman & Wakefield | Thalhimer representing the tenant and Berkley Mitchell and Sharon Schmidt of Cushman & Wakefield | Thalhimer representing the landlord in the transaction and with Hancock Fabrics for 10,125 sq.ft. at Chesapeake Crossing located along South Military Highway in Chesapeake, VA, with Chris Good and David Machupa handling the transaction. Divaris Real Estate, Inc. (757-497-2113) recently negotiated the following leases throughout VA: with Bassett Furniture for 8,009 sq.ft. at Marketplace at Tech Center, located along Jefferson Avenue in Newport News, with Mary McGovern and Erica Meekins Rorrer of Divaris Real Estate, Inc. representing the landlord in the transaction; with Phenix Salon Suites for 7,200 sq.ft. at Landstown Commons, located along Princess Anne Road in Virginia Beach, with Levi Thomson and Melinda Pezzella of Divaris Real Estate, Inc. representing the landlord, KRG Virginia Beach Landstown, LLC, in the transaction; Sunrise Pizzeria for 2,100 sq.ft. at Newport Marketplace located along Chatham Drive in Newport News, with Aeri Jai and David Bickford of Divaris Real Estate, Inc. representing the landlord, 353 Chatham Drive Holdings, LLC, in the transaction and with Saffron Indian Bistro for 4,789 sq.ft. at Town Center of Virginia Beach in Virginia Beach, with Sezin Cortinas of Divaris Real Estate, Inc. representing the landlord in the transaction.
Ripco Real Estate (516-933-8880) recently negotiated the following leases in NY: a 20year lease with Burger King for 2,723 sq.ft. at Cross Bronx Plaza, located along East 174th Street in the Bronx, with Richard Senior and Chris Walther of Ripco Real Estate representing the tenant and Evan Schuckman and Nick Masson of Schuckman Realty representing the landlord in the transaction; with Beyond Vape for 900 sq.ft. along Hutchinson River Parkway in the Bronx, with Andrew Clemens, Benjamin Weiner, Miles Mahony and Dillon Fraiolli of Ripco Real Estate representing the landlord and the tenant in the transaction and with Blue Bottle Coffee for 15,830 sq.ft. along McKibbin Street in Brooklyn, with Andrew Clemens and Benjamin Weiner representing the landlord and Matt Seigel and Ben Soley of Thor Retail Advisors representing the tenant in the transaction. Flocke & Avoyer Commercial Real Estate (858-875-4669) recently negotiated a fiveyear lease with Eyeglass World for 4,500 sq.ft. at Pacific Coast Plaza, a shopping center located along Vista Way in Oceanside, CA. Stewart Keith, Brad Williams and Tommy Gibbs of Flocke & Avoyer Commercial Real Estate represented the tenant and Kevin Cassidy of DTZ represented the landlord in the transaction. First Western Properties (773-5452000) recently negotiated a lease with 7-Eleven for space at the intersection of Jackson Boulevard and Wabash Avenue in Chicago, IL, with the company representing the tenant in the transaction. The company also recently negotiated a 10-year lease with Montessori School for space along North Elston Avenue Chicago, IL, along with a lease renewal with H&R Block for space along West Devon Avenue in Lincolnwood, IL. Royal Properties, Inc. (914-237-3403) recently negotiated the following leases throughout CT: five years with T-Mobile for 1,625 sq.ft. at ShopRite Plaza, located along West Main Street in Stamford; 10 years with Doctors Express Urgent Care for 2,800 sq.ft. at Center Seven, located along Main Avenue/Route 7 in Norwalk and 10 years with Advance Auto Parts for 8,960 sq.ft. at Cheshire Shopping Center located along South Main Street/Route 10 in Cheshire. The company also negotiated a lease renewal with Staples for 16,448 sq.ft. at Walmart Center, located along Main Avenue in Norwalk. DM
Levin Management (800-488-0768) recently hired Paul Ruane as vice president of property management. In his new role, Ruane will focus on improving the operational and financial controls by promoting energy reduction, resource conservation and expense management of the company’s 13-million sq.ft. property portfolio. Additionally, Ruane will oversee the firm’s training and development team. Prior to joining the company, he served at WP Realty. Related Cos. (212-801-1000) recently hired Timur Galen as executive vice president. In his new position, Galen will oversee the development of the Hudson Yard project in New York, NY. Prior to joining the company, he served at Goldman Sachs Group, Inc. where he led the development of the bank’s global headquarters in New York, NY. Trivanta (214-522-7200) was recently launched by Bob Moorhead, Joe Caputo and Mark Wheeler. The real estate advisory firm specializes in the disposition of D net-leased properties. M
SOURCES OF FINANCING Hanover Financial, LLC provides joint venture equity capital financing for buildto-suit developments nationwide with loans ranging from $1 million up to $40 million. For more information, contact Mark Maughan, Hanover Financial, LLC; 801-608-6142; Email: mmaughan@hanoverfinancialllc.com; Web site: www.hanoverfinancialllc.com. RCG Longview recently negotiated an $18.5 million mezzanine loan for the acquisition of mixed-use retail and residential buildings located in New York, NY. For more information, contact RCG Longview, 7 Penn Plaza, Suite 1400, New York, NY 10001; 212-356-9200, Fax 212-736-6363. Capstone Financial recently negotiated $7.51 million in financing for a retail portfolio. The 10-year loan featured a loan-to-value ratio of 70% and a 30-year amortization period. For more information, contact Capstone Financial, 2299 Technology Drive, Suite 210, O’Fallon, MO 63368; 877-315-4289; Email: info@cfscapstone.com; Web site: www.cfscapstone.com. DM
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July 17, 2015 | Page 11
HOME-RELATED CHAINS EXPAND Tuesday Morning operates nearly 800 locations nationwide. The stores, offering bedroom and bathroom accessories, furniture, luggage, rugs, lamps, seasonal merchandise, dinnerware and outdoor products, occupy spaces of 12,000 sq.ft. to 20,000 sq.ft. in various retail settings. Growth opportunities are sought throughout NV during the coming 18 months, with representation by R.O.I Commercial Real Estate. Typical leases run 10 years. Major competitors include Stein Mart. For more information, contact Brian Sorrentino, R.O.I. Commercial Real Estate, 7100 West Smoke Ranch Road, Suite 100, Las Vegas, NV 89128; 702-363-3100, Fax 702-363-0450; Email: brian@roicre.com; Web sites: www.roicre.com and www.tuesdaymorning.com.
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Blinds To Go, Inc. trades as Blinds To Go at more than 85 locations throughout CT, DE, MA, NJ, NY, PA, VA and Ontario and Quebec, Canada. The stores, offering blinds and shades, as well as custom-made products, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in freestanding locations and endcaps of strip centers. Plans call for three openings throughout Natick and Chestnut Hill, MA, along Route 9; along Route 1 in Princeton, NJ; along Route 59 in Nanuet, NY and in south Philadelphia, PA along Columbus Boulevard during the coming 18 months. Typical leases run 10 years with three, five-year options. A turnkey is preferred. Preferred cotenants include Home Depot, Lowe’s Home Improvement and Bed Bath & Beyond. Preferred demographics include a population of 300,000 within five miles earning $50,000 as the average household income. A land area of 0.5 acres is required for freestanding locations. The company prefers to locate near regional malls. For more information, contact Yves Pardo, Blinds To Go, Inc., 3510 St. Joseph Boulevard East, Montreal, Quebec, Canada, H1X 1W6; 514-255-4000 Ext. 1363, Fax 514-259-9992; Email: ypardo@blindstogo.com; Web site: www.blindstogo.com.
Natuzzi operates locations worldwide. The company offers a collection of luxury home furniture items and related accessories and prefers to occupy spaces of 8,000 sq.ft. in various retail settings. Growth opportunities are sought throughout FL, NJ, NY and in Canada during the coming 18 months, with representation by Koniver Stern Group.
For more information, contact Kerry Newman, Koniver Stern Group, 1665 Washington Avenue, Penthouse, Miami Beach, FL 33139; 305-532-6100; Email: kerry@koniversterngroup.com; Web sites: www.natuzzi.com and www.koniversterngroup.com. Harbor Freight Tools operates more than 600 locations nationwide. The home improvement stores, offering power, air and hand tools, building materials and lawn and garden supplies, occupy spaces of 13,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the Bronx and Manhattan areas of New York, NY during the coming 18 months, with representation by Retail Zone, LLC. For more information, contact Mitch Weiss, Retail Zone, LLC, 1902 Whitestone Expressway, Suite 404, Whitestone, NY 11357; 718-321-7700, Fax 718-228-6499; Email: mitch@retailzone.net; Web site: D www.harborfreight.com. M
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LEAD SHEET TJX Cos. dba Home Goods, T.J. Maxx and Marshalls Barry Endelson c/o Aries Deitch & Endelson, Inc. 110 South Central Avenue Hartsdale, NY 10530 914-949-2800 Email: barryend@ade-re.com Web site: www.ade-re.com
Apparel The stores, offering apparel, accessories, housewares and home dĂŠcor items, prefer to occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations, mixed-use, power and specialty centers. Growth opportunities are sought throughout Westchester and the Hudson Valley area in NY during the coming 18 months, with representation by Aries Deitch & Endelson, Inc.
Justice Stanton Brown c/o MSC Retail 1845 Walnut Street, 6th Floor Philadelphia, PA 19103 215-568-2600 Email: sbrown@mscretail.com Web site: www.mscretail.com
Apparel The chain operates more than 1,000 locations nationwide and in Canada and internationally. The stores, offering apparel and accessories for tween girls ages seven to 14, occupy spaces of 4,500 sq.ft. in regional malls and power centers. Growth opportunities are sought throughout DE, southern NJ and eastern PA during the coming 18 months, with representation by MSC Retail.
AutoZone Daniel Glazer, Joanne Argenti, Jeffrey Howard, Richard Senior c/o Ripco Real Estate Corp. 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: jhoward@ripcony.com Web site: www.ripcony.com
Automotive The chain operates more than 5,500 locations nationwide and in Mexico, Puerto Rico and Brazil. The stores, offering automotive parts and accessories, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth will take place in greater New York, NY. For more information regarding expansion opportunities throughout Long Island, contact Joanne Argenti, Daniel Glazer or Jeffrey Howard. For more information regarding expansion opportunities throughout Brooklyn, Bronx, Manhattan and Queens, contact Jeffrey Howard or Richard Senior.
Indigo Books & Music, Inc. dba Indigo and Chapters Drew McGowen 468 King Street West, Suite 500 Toronto, Ontario, Canada M5V 1L8 416-364-4499, Fax 416-646-8907 Email: dmcgowen@indigo.ca Web site: www.indigochapters.ca
Books The 90-unit chain operates locations throughout Canada. The stores, offering books and music, occupy spaces of 22,000 sq.ft. in malls, power and strip centers, as well as downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years with options. Preferred demographics include a population of 100,000 within three miles earning $60,000 as the average household income.
Primrose Schools John Lenaz c/o RJ Brunelli & Co., LLC 400 Perrine Road, Suite 405 Old Bridge, NJ 08857 732-721-5800 Email: jlenaz@rjbrunelli.com Web site: www.rjbrunelli.com
Childcare The chain operates more than 300 locations nationwide in 25 states. The child-care and learning facilities occupy freestanding buildings on land areas of 60,000 sq.ft. Growth opportunities are sought throughout Monmouth, Middlesex and Ocean counties in NJ during the coming 18 months, with representation by RJ Brunelli & Co., LLC.
E-Z Stop Food Marts, Inc. dba E-Z Stop Tommy Hunt PO Box 6618 Maryville, TN 37802 865-977-7070, Fax 865-982-3271 Email: tommy@ezstop.net Web site: www.ezstop.net
Convenience The 29-unit chain operates locations throughout TN. The convenience stores, with gasoline facilities, occupy spaces of 2,500 sq.ft. to 6,000 sq.ft. in freestanding locations. Plans call for one to two openings throughout the existing market during the coming 18 months. Preferred cotenants include quick service restaurants. Major competitors include Pilot, RaceTrac and Weigles. A land area of one acre is required.
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July 17, 2015 | Page 13
LEAD SHEET Mapco Express, Inc. / NTI Investments, LLC dba Mapco Mart Steve Vanden Noven 7102 Commerce Way Brentwood, TN 37027 615-224-7868, Fax 615-224-7941 Email: steve.vandennoven@mapcoexpress.com Web site: www.mapcoexpress.com
Convenience The 370-unit chain operates locations throughout the southeastern region of the U.S. The convenience stores occupy spaces of 4,780 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout AL, AR, KY and TN during the coming 18 months.
Discount Retail Store Services dba Dollar Store Services, Discount Party Stores, The Mail Box Stores, Teen Store Developers, $10 Clothing Store Developers, Fitness Center Developers, Frozen Yogurt Developers Andrew Carapucci 5075 West Diablo Drive, Suite 200 Las Vegas, NV 89118 702-382-8444, Fax 702-951-7450 Email: andrew.carapucci@drssmail.com Web site: www.dollarstoreservices.com
Discount Store The chain operates 3,000 locations nationwide. The stores occupy spaces of 1,000 sq.ft. to 12,000 sq.ft. in shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include grocery stores or big box retailers. Typical leases run three years with options. A vanilla shell is required. Major competitors include 99 Cents Stores, Party America, Five Below and Dollar Tree.
Xscape Theatres Chance Ragains c/o Patoka Capital 825 Northgate Boulevard, Suite 203 New Albany, IN 47150 812-945-4006
Entertainment The three-unit chain operates locations throughout KY, MD and OH. The movie theaters occupy spaces of 40,000 sq.ft. to 80,000 sq.ft. in malls, entertainment, lifestyle and power centers. Growth opportunities are sought in areas east of the Rocky Mountains during the coming 18 months, with representation by Patoka Capital. Typical leases run 15 years with options. Preferred demographics include a population of 150,000 within 10 miles earning $70,000 as the average household income.
Planet Fitness Brian Kunkel 26 Fox Run Road Newington, NH 03801 603-750-0001, Fax 603-750-0004 Web site: www.planetfitness.com
Fitness The 1,000-unit chain operates locations nationwide. The fitness centers occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years with four, five-year options. Preferred demographics include a population of 60,000 within five miles earning $50,000 as the median household income.
18|8 Fine Men’s Salon Lee Blokc c/o Winick Realty Group 655 3rd Avenue, 8th Floor New York, NY 10017 212-792-2649 Email: lee@winick.com Web site: www.winick.com
Hair The chain operates more than 40 locations nationwide. The men’s hair salons occupy spaces of 1,100 sq.ft. to 2,000 sq.ft. in specialty centers and urban/downtown areas. Plans call for 10 openings throughout New York, NY during the coming 18 months, with representation by Winick Realty Group.
Signet Jewelers, Ltd. dba Kay Jewelers David Jacobsen 375 Ghent Road Akron, OH 44333 330-668-5000
Jewelry The chain operates more than 1,300 locations nationwide. The jewelry stores occupy spaces of 1,600 sq.ft. in regional malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
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Dealmakers Magazine | www.dealmakers.net
LEAD SHEET Guitar Center, Inc. dba Guitar Center Robert Stannard 5795 Lindero Canyon Road Westlake Village, CA 91362 818-735-8800, Fax 818-735-7545 Email: robert@guitarcenter.com Web site: www.guitarcenter.com
Music The chain operates more than 260 locations nationwide. The stores, offering musical instruments and lessons, as well as ipods, ipads and related items, occupy spaces of 6,000 sq.ft. to 15,000 sq.ft. in freestanding locations and endcaps of strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
PetSmart Brian Goodwin c/o Metro Commercial Real Estate, Inc. 660 West Germantown Pike, Suite 200 LL Plymouth Meeting, PA 19462 610-260-2660, Fax 610-825-5156 Email: bgoodwin@metrocommercial.com Web site: www.metrocommercial.com
Pet Supplies The chain operates 1,404 locations nationwide and in Canada and Puerto Rico. The pet supply stores occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout CT, DE, IN, KY, MA, MD, ME, MI, NH, NJ, NY, OH, PA, RI, TN, VA, VT and WV during the coming 18 months, with representation by Metro Commercial Real Estate, Inc.
The UPS Store Jeff Kintzer c/o Royal Properties, Inc. 850 Bronx River Road Bronxville, NY 10708 914-237-3403, Fax 914-237-0196 Email: jeff@royalpropertiesinc.com Web site: www.royalpropertiesinc.com
Service The chain operates locations nationwide and internationally. The company offers postal, business and communication services and supplies, and prefers to occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout CT and Rockland County and Westchester, NY during the coming 18 months, with representation by Royal Properties, Inc.
Group Nine Associates dba Mephisto Shoes Gary Hauss 6700 Fallbrook Avenue, Suite 150 West Hills, CA 91307 818-431-2501 Email: gary@gnine.com
Shoes The concept operates a location in Palm Desert, CA. The shoe store occupies spaces of 1,000 sq.ft. in various retail settings. Growth opportunities are sought throughout southern CA during the coming 18 months.
Shoe City Bob Pratt c/o R.L. Pratt & Associates 4640 Admiralty Way, Suite 800 Marina Del Ray, CA 90292 310-577-1414, Fax 310-577-1415 Email: bob@rlpratt.com Web site: www.rlpratt.com
Shoes The chain operates more than 35 locations throughout southern CA. The stores, offering brand name athletic footwear and sportswear, occupy spaces of 3,800 sq.ft. to 6,000 sq.ft. in freestanding locations and pad sites. Plans call for four openings throughout the existing market during the coming 18 months, with representation by R.L. Pratt & Associates. The company prefers to acquire sites.
Plow & Hearth Jeff Winick c/o Winick Realty Group 655 Third Avenue, 8th Floor New York, NY 10017 212-792-2600, Fax 212-792-2660 Email: jeff@winick.com Web site: www.winick.com
Specialty The chain operates more than 20 locations throughout DE, MD, NC, NJ, PA and VA. The stores, offering home and garden products, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in lifestyle centers. Growth opportunities are sought throughout the Mid-Atlantic and northeastern regions of the U.S. during the coming 18 months, with representation by Winick Realty Group. The company prefers to locate in affluent areas.
Dealmakers Magazine | www.dealmakers.net
July 17, 2015 | Page 15
LEAD SHEET Bass Pro Shops dba Bass Pro Shops Outdoor World, Sportsman Center, Worldwide Sportsman and Outpost Mike Dunham, Monna Morton or Stacy Felchner 2500 East Kearney Springfield, MO 65898 417-873-5000 Email: realestate@basspro.com Web site: www.basspro.com
Sporting Goods The 72-unit chain operates locations nationwide and in Canada. The stores, offering sporting goods, hunting, camping, fishing and outdoor related products, occupy spaces of 50,000 sq.ft. to 150,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Dick’s Sporting Goods and Field & Stream Ray Schupp c/o KLNB Retail 8027 Leesburg Pike, Suite 300 Vienna, VA 22182 571-382-2051, Fax 703-288-2999 Email: rschupp@klnb.com Web site: www.klnbretail.com
Sporting Goods The chain operates more than 500 locations nationwide. The stores, offering sporting goods equipment, apparel and footwear, along with outdoor related products, occupy spaces of 50,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout central and southern VA and the Washington, DC metropolitan area during the coming 18 months, with representation by KLNB Retail.
Omega Sports, Inc. dba Omega Sports Philip Bowman 130 South Walnut Circle Greensboro, NC 27409 336-854-0797 Ext. 3106, Fax 336-299-1043 Email: pbowman@omegasports.net Web site: www.omegasports.net
Sporting Goods The 16-unit chain operates locations throughout NC. The sporting goods stores occupy spaces of 5,500 sq.ft. to 10,000 sq.ft. in lifestyle, power, strip and value centers. Growth opportunities are sought throughout NC, SC and VA during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred cotenants include Trader Joe’s, Fresh Market, Whole Foods, Marshalls, Old Navy, Target and T.J. Maxx. Preferred demographics include a trade-area population earning $50,000 as the average household income.
Autry Greer & Sons, Inc. dba Greers Market, Greers Cash Savers and Greers Food Tiger Luke O’Neil 2850 West Main Street Prichard, AL 36612 251-457-8655, Fax 251-456-3744 Email: loneil@greers.com Web site: www.greers.com
Supermarket The chain operates 33 locations throughout AL, FL and MS. The supermarkets occupy spaces of 12,000 sq.ft. to 40,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Whole Foods Market Rob Andrews c/o Northwest Retail Partners 224 Westlake Avenue North, Suite 500 Seattle, WA 98109 206-343-9204, Fax 206-343-9205 Email: rob@nwretail.com Web site: www.nwretail.com
Supermarket The chain operates 417 locations nationwide and in Canada and the United Kingdom. The supermarkets, offering organic and natural food items, occupy 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are sought throughout AK and WA during the coming 18 months, with representation by Northwest Retail Partners, Ltd.
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 16 | July 17, 2015
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SPACE PLACE California
Connecticut
Connecticut
Corona – Corona Hills Marketplace, a 148,805 sq.ft. center located at the intersection of McKinley Street and Promenade Avenue, has spaces of 2,000 sq.ft. and 4,500 sq.ft. available. Cotenants include Vons, PetSmart, Anna’s Linens, Payless Shoe Source, Cici’s Pizza and Auto Zone. Area demographics include a population of 279,894 within five miles earning $80,666 as the average household income. For more information, contact Todd Buckstein, Kimco Realty, 23 Mauchly, Suite 100-104, Irvine, CA 92618; 949-252-3852; Email: tbuckstein@kimcorealty.com; Web site: www.kimcorealty.com.
107,217 within five miles earning $72,821 as the average household income. The average daily traffic count is 29,295 vehicles. Cheshire – Cheshire Shopping Center, an 81,100 sq.ft. shopping center situated on 9.3 acres along South Main Street, has spaces from 2,800 sq.ft. to 5,000 sq.ft. available. Cotenants include CVS, Pier 1 Imports, Jake’s Wayback Burgers, YMCA, Wine Merchants and Sprint. Area demographics include a population of 431,397 within 10 miles earning $83,740 as the average household income. The average daily traffic count is 19,827 vehicles. Stamford – A 2,400 sq.ft. endcap space is available at a shopping center located along West Main Street. Cotenants include Shop Rite, Sleepy’s, Palm Beach Tan, Angel Tips, Superior Dry Cleaners and Great Play. Area demographics include a population of 172,089 within five miles earning $160,424 as the average household income. For more information regarding Branhaven Plaza, contact David Landes or Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196;
Emails: david@royalpropertiesinc.com and jeff@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. For more information regarding Cheshire Shopping Center and the space in Stamford, contact Jeff Kintzer.
Connecticut Branford – Branhaven Plaza, a 191,352 sq.ft. shopping center located along West Main Street, has a space of 1,380 sq.ft. available, along with spaces of 2,356 sq.ft. and 3,720 sq.ft., which can be combined. Cotenants include Big Y, Kohl’s, Bank of America, The Children’s Place, Edible Arrangements, Jenny Craig and The Paper Store. Area demographics include a population of
Page 18 | July 17, 2015
West Hartford – Elmwood Plaza, a 73,000 sq.ft. center located along Newington Road, has a space of 2,083 sq.ft. available. Cotenants include Stop & Shop, Dollar Tree, Sliders Grill & Bar, Hair Cuttery and Benjamin Moore. Area demographics include a population of 279,674 within five miles earning $65,520 as the average household income. For more information, contact Albert Silvera, Surrey Equities, LLC, 40 Fulton Street, 6th Floor, New York, NY 10038; 212-619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.
Florida Plantation – Westgate Plaza, a 112,095 sq.ft. center located at the intersection of Broward
Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Florida
Illinois
Indiana
Boulevard and North State Route 7, has inline spaces available, along with a 1,167 sq.ft. outparcel. Cotenants include Family Dollar, TD Bank, Dunkin’ Donuts, Smoothie King and T-Mobile. The average daily traffic count is 87,000 vehicles. For more information, contact Daron Tersakyan, Investments Limited, 561-392-8920; Email: dtersakyan@investmentslimited.com; Web site: www.investmentslimited.com.
Plaza, a 63,085 sq.ft. center located at the intersection of Chicago Road and East 30th Street, has spaces of 1,320 sq.ft., 3,750 sq.ft. and 5,000 sq.ft. available. Cotenants include Save-A-Lot, O’Reilly Auto Parts, Family Dollar, Subway and Rent-A-Center. Area demographics include a population of 137,720 within five miles earning $64,709 as the average household income. For more information regarding North Mayfair Commons, contact Matthew Smetana or Mike Wesley, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5632/5610, Fax 630472-1019; Email: msmetana@edgemarkllc.com; Web site: www.edgemarkllc.com. For more information regarding American Plaza, contact Mark Fredericks, 630-572-6513; Email: mfredericks@edgemarkllc.com.
Silvera, Surrey Equities, LLC, 40 Fulton Street, 6th Floor, New York, NY 10038; 212-619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.
Georgia Ft. Valley – Ft. Valley Shopping Center, a 71,887 sq.ft. neighborhood shopping center located at the intersection of US Highway 341 and Woolfolk Road, has an inline space of 2,000 sq.ft. available, as well as a pad site. Cotenants include Food Depot, Rose’s, RentA-Center, H&R Block and Peking Gourmet. Area demographics include a population of 15,355 within five miles. For more information, contact Albert Silvera, Surrey Equities, LLC, 40 Fulton Street, 6th Floor, New York, NY 10038; 212-619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.
Illinois Chicago – A 4,000 sq.ft. street level retail space, with a 500 sq.ft. outdoor patio, is available at the intersection of North Sheridan Road and Alboin Avenue. The site is located across from Loyola University. Area retailers include Chipotle, bopNgrill, Pita Pit, Popeye’s Chicken & Biscuits, Chase Bank, Dunkin’ Donuts, Five Guys Famous Burgers & Fries, Potbelly’s and Subway. Area demographics include a population of 318,066 within three miles earning $66,069 as the average household income. The average daily traffic count is 22,500 vehicles along North Sheridan Road. For more information, contact Chelsea Henderson, The Lord Cos., LLC, 1030 North Clark Street, Chicago, IL 60610; 312-9446270; Email: chelsea@lordcompanies.com. Chicago – North Mayfair Commons, an 87,270 sq.ft. center located at the intersection of North Pulaski Road and Foster Avenue, has spaces of 1,125 sq.ft. and 1,725 sq.ft. available. Cotenants include Jewel-Osco, Pizza Hut, Athletico, Mattress Firm and H&R Block. Area demographics include a population of 212,540 within three miles earning $120,684 as the average household income. South Chicago Heights – American Dealmakers Magazine | www.dealmakers.net
Northbrook – Willow Festival Shopping Center, a 405,600 sq.ft. center located at the intersection of Willow Road and Waukegan Road, has a space of 3,086 sq.ft. available. Cotenants include Best Buy, DSW, Home Goods, Lowe’s, REI, Whole Foods Market, CVS, Buffalo Wild Wings, Massage Envy, Meatheads, Potbelly Sandwich Works, Sport Clips and Starbucks. For more information, contact Rick Spector, Regency Center Corp., 1211 West 22nd Street, Suite 300, Oak Brook, IL 60523; 630-645-2817; Email: rickspector@regencycenters.com; Web site: www.regencycenters.com. Skokie – Touhy Plaza, located at the intersection of Touhy Avenue and Laramie Avenue, has spaces of 2,127 sq.ft., 4,011 sq.ft. and 6,342 sq.ft. available. Cotenants include Pep Boys Auto. Area demographics include a population of 750,800 within five miles earning $82,539 as the average household income. For more information, contact Bond Cos., 350 West Hubbard Street, Suite 450, Chicago, IL 60654; 312-853-0070; Email: rbond@bondcompanies.com.
Indiana Kendallville – Kendallville Plaza, an 87,771 sq.ft. center located along US Route 6, has a space of 8,500 sq.ft. available. Cotenants include Save-A-Lot, Tractor Supply Co., Advance Auto Parts and Hungry Howie’s. Area demographics include a population of 15,347 within five miles earning $49,401 as the average household income. For more information, contact Albert
Maryland Glen Burnie – A 2,200 sq.ft. space is available at a center along Ritchie Highway. Area retailers include Food Lion, CVS, Rite Aid, Burger King, Goodwill, Dollar Tree, Pep Boys Auto and Giant. Area demographics include a population of 182,004 within five miles earning $78,575 as the average household income. The asking rent is $28 psf. For more information, contact Ginny Vernick, Bethany Hobbs, Dave Sciamarelli or Chris Bennett, Mackenzie Commercial Real Estate Services, LLC, 410 Severn Avenue, Annapolis, MD 21403; 410953-0366/410-974-9003/9008; Email: gvernick@mackenziecommercial.com; Web site: www.mackenziecommercial.com. Hyattsville – University Plaza Shopping Center, located at the intersection of University Boulevard and Riggs Road, has retail spaces available. Cotenants include H&A International Supermarket, Anna’s Linens, Deal$, Auto Zone, Kostless and Wendy’s. Area demographics include a population of 896,000 within seven miles earning $64,000 as the average household income. For more information, contact Fred Wine, Quantum Cos., 4912 Del Ray Avenue, Bethesda, MD 20814; 301657-9900 Ext. 132, Fax 301-657-8412; Email: fwine@quantumco.net; Web site: www.quantumco.net.
Massachusetts Harwich – A 3.28-acre land area is available along Route 137. Area retailers include Stop & Shop, CVS, Olympia Sports, Dunkin’ Donuts and Subway. Area demographics include a population of 22,896 within five miles earning $79,491 as the average household income. Littleton – The Point, a 500,000 sq.ft. regional mall located at the intersection of Route 119 and Interstate 495, has spaces from 1,200 sq.ft. to 100,000 sq.ft. available. Area demographics include a population of 24,714 within five miles. The average daily traffic count is 129,329 vehicles along Interstate 495. For more information regarding the Harwich property, contact Walter Steinkrauss, Paramount Partners, LLC, 781(continued on page twenty)
July 17, 2015 | Page 19
SPACE PLACE Massachusetts (continued from page nineteen)
848-1550. For more information regarding the Point, contact Deborah Meyers, 781-8481550 Ext. 12.
New Jersey Deptford – A center located at the intersection of County House Road and Hurfville Road, has an endcap space of 2,500 sq.ft. available. The average daily traffic count is 14,666 vehicles along Hurfville Road. Voorhees – Cedar Hill Shopping Center, located along Route 73, has up to 80,000 sq.ft. of space available. Cotenants include Lowe’s, BJ’s Wholesale, A.C. Moore, Starbucks and PNC Bank. Area demographics include a population of 146,677 within five miles earning $100,775 as the average household income. The average daily traffic count is 40,000 vehicles. For more information regarding the Deptford property, contact George Wisnoski, Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 610645-7700 Ext. 120, Fax 610-645-5454; Email: gwisnoski@equityretailbrokers.com; Web site: www.equityretailbrokers.com. For more information regarding Cedar Hill Shopping Center, contact David Goodman, 484-417-2219; Email: dgoodman@equityretailbrokers.com. East Windsor – East Windsor Towne Center, a 152,555 sq.ft. center located along Route 130, has spaces of 2,227 sq.ft., 4,198 sq.ft. and 4,800 sq.ft. available. Cotenants include Burlington Coat Factory, Party Fair, H&R Block, Dollar Tree, Sally Beauty Supply and CVS. Area demographics include a population of 143,883 within seven miles earning $97,695 as the median household income. The average daily traffic count is 30,440 vehicles. Lacey – Lakeside Plaza, located at the intersection of Route 9 and Lakeside Drive, has spaces of 1,800 sq.ft., 3,600 sq.ft. and 5,400 sq.ft. available, as well as a space of up to 65,000 sq.ft. available for build to suit. Cotenants include Applebee’s, Retro Fitness, AT&T, Pan Asia, Hudson City Savings Bank and Nutrishop. Area demographics include a population of 48,361 within five miles earning $86,901 as the average household income. The average daily traffic count is 22,000 vehicles. For more information regarding East Windsor Towne Center, contact Jason Pierson or Gregg Medvin, Pierson Commercial Real Estate, 79 Route 520, Englishtown, NJ 07726; 732-707-6900 Ext. 1/3; Email: jason@piersonre.com; Web site: Page 20 | July 17, 2015
New Jersey
New York
www.piersonre.com. For more information regarding Lakeside Plaza, contact Jason Pierson or Ryan Starkman, 732-707-6900 Ext. 1/5; Email: ryan@piersonre.com.
For more information regarding the Brooklyn property, contact Scott Sher or Ray Harari, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, NY 11530; 516-874-8070 Ext. 514/718-4842002; Email: scott@sabreny.com; Web site: www.sabreny.com. For more information regarding the New Rochelle property, contact Greg Batista or Tom Caliendo, 516-874-8070 Ext. 515/519; Email: greg@sabreny.com.
Moonachie – A 5,500 sq.ft. ground floor space is available at a building along Moonachie Road. Area demographics include a population of 129,021 within three miles earning $77,529 as the average household income. The average daily traffic count is 15,000 vehicles. Somerville – A 5,000 sq.ft. freestanding building, situated on 1.6 acres, is available along Route 206. Area demographics include a trade area population of 57,607 earning $93,077 as the average household income. The average daily traffic count is 68,950 vehicles. For more information, contact Jaime Weiss or Matthew Weiss, Weiss Realty, 250 Moonachie Road, Moonachie, NJ 07074; 201-814-1800; Web site: www.jweissrealty.com. Hazlet – Union Plaza, located at the intersection of Route 36 and Union Avenue, has up to 7,410 sq.ft. of space available. Cotenants include Quick Chek. Area demographics include a population of 128,239 within five miles earning $103,717 as the average household income. The average daily traffic count is 33,100 vehicles along Route 36. For more information, contact Joe AmecAngelo, R.J. Brunelli & Co., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800 Ext. 32, Fax 732-7219241; Email: jamecangelo@rjbrunelli.com; Web site: www.rjbrunelli.com.
New York Brooklyn – A 3,300 sq.ft. space is available at the intersection of Atlantic Avenue and Milford Street. Area retailers include Wendy’s, McDonald’s, Family Dollar, Metro PCS, Baskin Robbins and Dunkin’ Donuts. Area demographics include a population of 78,259 within one mile earning $37,617 as the median household income. The average daily traffic count is 39,000 vehicles along Atlantic Avenue. New Rochelle – A 9,485 sq.ft. freestanding building is available along Boston Post Road. The site was previously occupied by Walgreens. Area retailers include Home Depot, Party City, Sleepy’s, Costco Wholesale, Auto Zone and Ashley Furniture. Area demographics include a population of 625,333 within five miles earning $71,977 as the median household income.
Brooklyn – A 1,760 sq.ft. ground floor space, a 1,760 sq.ft. second floor space, a 1,760 sq.ft. third floor space, and a 1,540 sq.ft. basement, are all available along Fulton Street, just off the corner of Bond Street. Area retailers include Swarovski, H&M, Express, Nordstrom Rack, Duane Reade and T.J. Maxx. Area demographics include a population of 500,000 within two miles. For more information, contact Cory Zelnik or Sean Philipps, Zelnik & Co., LLC, 424 Madison Avenue, New York, NY 10017; 212-223-2200, Fax 212-223-0004; Email: cory@zelnikco.com; Web site: www.zelnikco.com. Middle Island – Strathmore Commons, located at the intersection of Middle Country Road and Woodville Road, has spaces available. Cotenants include King Kullen, Family Dollar, Subway, Sprint, Lemon Tree, Carvel and R&S Pets. Area demographics include a population of 241,694 within five miles earning $89,017 as the median household income. The average daily traffic count is 15,339 vehicles. Port Jefferson – Cinema Plaza, located along Route 112, has retail spaces available. Area demographics include a population of 166,628 within five miles earning $96,448 as the median household income. For more information, contact Roger Delisle, Suzanne Lopez or Terence McMahon, Island Associates Real Estate, Inc., 444 Route 111, Suite 1, Smithtown, NY 11787; 631-982-2100, Fax 631-982-2101; Email: roger@islandassociates.com; Web site: www.islandassociates.com. New York – A 900 sq.ft. street level retail space is available along Frederick Douglass Boulevard, between 114th Street and 115th Street. Area retailers include Best Yet Market, Starbucks, Organic Forever, Franz James Floral Boutique, Levain Bakery and Harlem Shambles. For more information, contact Faith Hope Consolo, Joseph Aquino, or Arthur Maglio, Douglas Elliman Real Estate, 575 Madison Avenue, New York, NY 10022. Dealmakers Magazine | www.dealmakers.net
SPACE PLACE New York
Pennsylvania
Pennsylvania
Springfield Gardens – A 900 sq.ft. street level retail space, with a 900 sq.ft. second floor space, and a partial storage basement, is available along Jamaica Avenue. Area demographics include a population of 204,078 within two miles earning $72,784 as the median household income. The average daily traffic count is 36,000 vehicles. For more information, contact Marc Durst, Sholom & Zuckerbrot Realty, LLC, Kaufman Astoria Studios, 35-11 35th Avenue, Long Island City, NY 11108; Email: mdurst@s-z.com.
Subs and McDonald’s. Area demographics include a population of 32,211 within five miles earning $61,126 as the average household income. The average daily traffic count is 23,000 vehicles along West Branch Highway. For more information regarding Madison Farms Retail, contact David Nicholson or Blake Gross, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373 Ext. 607/493, Fax 717-560-9909; Email: dnicholson@lms-pma.com; Web site:
www.lms-pma.com. For more information regarding Plaza 15, contact Dave Nicholson or Jeremiah Hamilton, Ext. 498; Email: jhamilton@lms-pma.com.
North Carolina
Hallstead – Mountain View Plaza, a 36,500 sq.ft. strip center located near Route 81, has spaces of 1,400 sq.ft. and 2,700 sq.ft. available. Cotenants include Rob’s Shur Save Supermarket, Family Dollar, Subway, Global Tobacco and Sensational Styles Hair Salon. The asking rent is $12 to $15 psf. (continued on page twenty-two)
Mint Hill – Whitley Commons, a 43,200 sq.ft. shopping center located at the intersection of Blair Road and Matthews Mint Hill Road, has a 4,200 sq.ft. endcap space with a drive thru available. Cotenants include Food Lion. For more information, contact Isaac Seruya or Harold Macalab, Genesis Management, 12 Christopher Way, Suite 200, Eatontown, NJ 07724; 919-280-8800; Email: isaac@genesis-mgt.com; Web site: www.genesis-mgt.com. Raleigh – A center located at the intersection of Buffaloe Road and New Hope Road, has spaces available. Cotenants include Walmart Neighborhood Market. Area demographics include a population of 198,868 within five miles earning $69,878 as the average household income. For more information, contact Frank Peters or Mary Dufour, WRS, Inc., 550 Long Point Road, Mount Pleasant, SC 29464; 843-5186809/803-644-2831, Fax 843-654-7889; Email: fpeters@wrsrealty.com; Web site: www.wrsrealestate.com.
Pennsylvania Easton – Madison Farms Retail, a center located at the intersection of Route 33 and Freemansburg Road, has inline spaces available, along with restaurant pad sites. Cotenants include Shop Rite, Pet Valu, Starbucks, Subway, Supercuts, Elements Massage and Verizon Wireless. Area demographics include a population of 130,415 within five miles earning $73,775 as the average household income. Lewisburg – Plaza 15, a 128,473 sq.ft. center located at the intersection of West Branch Highway and Hospital Drive, has spaces from 1,702 sq.ft. to 7,800 sq.ft. available. Cotenants include Big Lots, Peebles, Advance Auto Parts, Domino’s, Save-A-Lot, Pet Valu, Supercuts, Verizon Wireless, Hibbett Sports, Chipotle, Starbucks, Jersey Mike’s Dealmakers Magazine | www.dealmakers.net
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SPACE PLACE Pennsylvania (continued from page twenty-one)
For more information, contact J. Nicholas Slottje, Charlesbank Realty Group, 15 Cypress Street, Suite 300, Newton, MA 02459; 617795-0072; Email: jnslottje@gmail.com; Web site: www.charlesbankrealtygroup.com. Rosemont – Rosemont Shopping Center, located along Lancaster Avenue, has up to 5,500 sq.ft. of space available. Area retailers include Staples, Acme and Rite Aid. Area demographics include a population of 69,693 within three miles earning $157,949 as the average household income. The average daily traffic count is 20,000 vehicles. For more information, contact Jay Gordon, Paramount Commercial, LLC, 610-8888820; Email: jgordon711@gmail.com; or Chris Morroney, Amazing Space Properties, 610-662-5659; Email: chrism@aspgrp.com; Web site: www.aspgrp.com. West Pottsgrove – A 22.2-acre retail development located at the intersection of State Street and Upland Square Drive, has inline spaces, endcaps, and pad sites available for lease or ground lease. Area
Pennsylvania
Tennessee
retailers include Target, Giant, Carmike Cinemas and Bed Bath & Beyond. Area demographics include a population of 88,001 within five miles earning $75,539 as the average household income. For more information, contact David Goodman or Rob Samtmann, Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 484-4172219/2208, Fax 610-645-5454; Email: dgoodman@equityretailbrokers.com; Web site: www.equityretailbrokers.com.
For more information, contact Margot Bizon or David Stockwell, Katz & Associates, 4500 Cameron Valley Parkway, Suite 240, Charlotte, NC 28211; 704-602-9358/9356; Email: margotbizon@dkatz.com; Web site: www.katzassociates.com.
Tennessee Knoxville – The Shops at Western Plaza, a mixed-use development located along Kingston Pike, has spaces available. Cotenants include Fresh Market, Green Earth, Jos. A. Bank, Lilly Pulitzer – Palm Village, Aveda Spa, CVS, Hard Knox Pizzeria, Runners Market and Blackhorse Pub & Brewery. Area demographics include a population of 245,170 within seven miles earning $57,422 as the average household income. The average daily traffic count is 40,295 vehicles.
Virginia Manassas – Sudley Towne Plaza, a 221,549 sq.ft. center located at the intersection of Sudley Road and Sudley Manor Drive, has a space of 13,288 sq.ft. available, which includes 1,027 sq.ft. of mezzanine space. Cotenants include Best Buy, Burlington, Staples, A.C. Moore, Auto Zone, H&R Block and Taco Bell. Area demographics include a population of 161,617 within five miles earning $96,388 as the average household income. The average daily traffic count is 50,000 vehicles along Sudley Road. For more information, contact Marty Flax or Leonard Pick, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571-765-4422/4424; Email: mflax@renaudconsulting.net; Web site: D www.renaudconsulting.net. M
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QUALITY High Quality Grocery-Anchored Shopping Centers
Whether it’s redevelopment, property management, leasing or acquisitions, UBP makes sound, strategic decisions based on solid demographics, broad experience, and stable resources resulting in one of the highest quality portfolios of assets in our industry.
GROWTH Exciting New Acquisition & Retail Opportunities
Year after year, UBP has consistently added well-located, quality shopping centers to our targeted portfolio, creating opportunities for investors and retailers alike. We seek additional grocery-anchored properties in communities surrounding New York City.
FOCUS NY Tri-State Market Area Dominance
UBP is a major grocery-anchored shopping center owner in the suburban Metro NY marketplace. UBP owns or has interests in over 70 properties with a focus on Westchester, Putnam, Rockland and Nassau Counties, NY; Fairfield County, CT; and Bergen, Passaic and Essex Counties, NJ.
UBA UBP
Listed
Over 45 Years of Real Estate Leadership 321 Railroad Avenue | Greenwich, CT 06830 | T 203-863-8200 | ubproperties.com
REPRESENTING TENANTS & LANDLORDS IN NEW YORK, NEW JERSEY & BEYOND
TO LEARN MORE ABOUT OUR CURRENT RETAIL AVAILABILITIES PLEASE VISIT US AT WINICK.COM OR CALL US AT 212.792.2629 Winick Realty Group LLC | Licensed Real Estate Brokers 655 Third Avenue, 8th Floor | New York, NY 10017 T. 212.792.2600 F. 212.792.2660 winick.com