Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XXVII
July 19, 2013
FEATURING supermarket Chains Expand Nationwide Wegman’s Food Markets, Inc. trades as Wegman’s Food Markets at 81 locations throughout MA, MD, NJ, NY, PA and VA. The upscale supermarkets featuring produce, bakery, seafood, meat, floral and pharmacy departments, as well as offering catering services, occupy spaces of 120,000 sq.ft. to 140,000 sq.ft. in freestanding locations, lifestyle and power centers. Plans call for five openings throughout the existing markets, excluding NY, during the coming 18 months. Typical leases run 20 years with initial term. Preferred demographics include a population of 50,000 within three miles earning $85,000 as the average household income. The company prefers to acquire sites or ground leases. For more information, contact Paul Gilbert, Wegman’s Food Markets, Inc., PO Box 30844, Rochester, NY 14603-0844; 585-464-4755, Fax 585-783-4255; Email: paul.gilbert@wegmans.com; Web site: www.wegmans.com. Golub Corp. trades as Price Chopper at 132 locations throughout CT, MA, NH, NY, PA and VT. The supermarkets occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Don Orlando, Golub Corp., 461 Knott Street, Schenectady, NY 12308.
K.V. Mart Co. trades as Top Valu Markets at six locations throughout CA. The supermarkets, featuring deli, bakery, produce, seafood and wine and beer departments, occupy spaces of 25,000 sq.ft. to 31,000 sq.ft. in strip centers. Growth opportunities are sought throughout the San Francisco Bay area during the coming 18 months. Typical leases run 20 years. For more information, contact Marie Lupita Bowers, K.V. Mart Co., 1245 East Watson Center Road, Carson, CA 90745-4207; 310-816-0200 Ext. 760, Fax 310-816-0201. Sedano’s Supermarkets operates 34 locations throughout central and southern FL. The supermarkets occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding locations, neighborhood and power centers. Growth opportunities are sought throughout southern FL during the coming 18 months. Typical leases run five years with four, five-year options. Preferred demographics include a population of 25,000 within a three-mile radius. The company prefers to locate in areas with high foot and vehicular traffic counts. For more information, contact Damon DelRossi, Sedano’s Supermarkets, 8500 Southwest 8th Street, Suite 228, Miami, FL 33144; 305-262-6533, Fax 305-262-4118; Email: damon@greccorp.com; Web site: www.sedanos.com. (continued on page twelve)
This issue contains information on: • Retailers operating 36,683 locations with plans to open 2,352 sites • Real estate valued in excess of $130 million to be bought, sold & financed • Leasing activity on over 8.4 million sq.ft. of retail properties Postmaster: Periodical ews
N rtant dite Impo se Expe Plea
icsc new england idea exchange New Construction HUNT Commercial preleasing retail site in Brockport, NY......... Pg. 4 Buyers & Sellers Katz Properties LLC acquired Stop & Shop anchored center in MA and is open to buy throughout the east coast............ Pg. 5 Observations & Conversations.... Pg. 6 Who’s Opening & Where Beef Jerky Outlet on a national rollout........................................ Pg. 7 Aldi to open 100 supermarkets on the west coast........................ Pg. 7 Profiles New England Retail Properties.... Pg. 8 Royal Properties, Inc................... Pg. 10 Home Related Chains Expand Grossman’s Bargain Outlet wants more of New England................. Pg. 11 Exclusives The Shopping Center Group takes on the leasing of a BJ’s Wholesale anchored center in NC............................................. Pg. 11 Sources of Financing Cronheim Mortgage arranged the financing of a $10 million loan.... Pg. 13 Lease Signings The Katsias Co. inks deals throughout VA............................ Pg. 13 Making the News Lane 4 Property Group, Inc. taps more talent................................. Pg. 13 Lead Sheet rue 21 expands throughout New England...................................... Pg. 15 Von Maur to enter AL, GA, NY, OK and WI................................. Pg. 16 Ollie’s Bargain Outlet eyes AL as a new market.............................. Pg. 16 Space Place................................ Pg. 20
18 million square feet +
ARIZONA Mesa Kohl’s McKellips Road & Recker Road 95,279 SF GLA Part of Falcon View Plaza w/ Fry’s
INDIANA Warsaw The Market Place U.S. Hwy. #30 & Water St. JC Penney, Sears, Elder-Beerman, Pier 1 180,000 SF GLA
MICHIGAN Sandusky Kmart Shopping Center M-19 & Gates Rd. 176,248 SF GLA Anchor Space Available
Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres
KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 272,000 SF GLA / In-line Space & Pad
Southgate Fort St. & Burns Ave. 60,800 SF GLA Freestanding Redevelopment Opportunity
Tolleson Freestanding Kmart West McDowell Road & North 86th Drive 86,479 SF GLA FLORIDA Fern Park Fern Park Plaza Semoran Blvd. (Hwy. 436) & Hwy. 17/92131,646 SF GLA Aldi, Deals Prime Corner/Junior Box Space Available Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. near Hwy. 436 153,650 SF GLA Gainesville Mixed Use – Grocery Store & Student Housing NW 13th St & University Avenue 1.74 Acres 26,000 SF Ground Floor Retail in Proposed 198,000 SF 8-Story Bldg
MARYLAND Hagerstown Long Meadow Shopping Center Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market 243,000 SF GLA Anchor Space/Pad Available Randallstown Brenbrook Plaza Liberty Rd. & Brenbrook Dr. Home Depot 139,000 SF GLA MASSACHUSETTS Billerica Shops at Billerica Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 275,000 SF GLA / Anchor Space Available
ILLINOIS Downers Grove Marshall’s at The Grove 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Up to 12,000 SF Outlot, B-T-S INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store 134,797 SF GLA
RDManagement LLC
Milford Kmart Shopping Center Medway St. & Beaver St. @ I-495 Kmart, Dollar Tree 140,470 SF GLA Future Expansion Space Available MICHIGAN Flint Former Kmart Dort Hwy. (Rte. 54) & Atherton Hwy. 92,691 SF GLA
MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA 4.8 Acres Available for Development NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA 10,945 SF Outbldg. Available Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart 86,479 SF NEW JERSEY Jersey City NEW 235 Orient Ave. ± 15,000 SF on 0.40 Acres Freestanding Redevelopment Opportunity / For Sale Marlton (Evesham) Tri-Towne Plaza Route 70 & Plymouth Dr. 176,519 SF GLA Anchor Space Available Redevelopment Opportunity Mt. Olive Pad Sites Available Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx
Grand Blanc Holly Rd. & I-75 Vacant Land / 22 Acres For Sale Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available Port Huron Port Huron Shopping Center Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Anchor Space & Outlot Available
Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 64,920 SF GLA 5,300 SF Pad Building
NEW
Parsippany Whole Foods Shopping Center Route 46 (Bloomfield Ave.) & Cherry Hill Rd. Whole Foods Anchor, In-Line & Pads Available Vineland Vineland Marketplace S. Delsea Dr. (Route 47) & College Dr. New Development Anchor Space / Outlots Available
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
200+ retail projects NEW YORK Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office 21,212 SF GLA
NEW JERSEY Vineland Kmart Plaza Expansion S. Delsea Dr. (Route 47) & Route 55 Kmart, TD Bank Two Parcels: 4.302 & 4.486 Acres Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 85,000 SF GLA Anchor Space Available NEW YORK Cortland Future Development Route 13 & Bennie Road 26 Acres across from Walmart
NEW
Deer Park Kohl’s Plaza Commack Rd. & Grand Blvd. Kohl’s, Super Stop & Shop 182,875 SF GLA Proposed Pad 3,800 SF Glenville/Scotia (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. 174,000 SF GLA In-Line Space Available Lake Ronkonkoma Lake Shore Plaza II Portion Rd. (Co. Rd. 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree / 94,826 sf GLA Anchor Space Available Latham/Colonie (Albany) Kmart Shopping Center Route 7 & Swatling Rd. 118,863 SF GLA Up to 10,000 SF Outlot Available Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Wal-Mart, Home Depot, BJ’s, Target 687,716SF GLA Anchor Space & Outlots Available Future Phase III Office or Retail Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples 250,000 SF GLA/Pad Available Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Pads Available
PENNSYLVANIA Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads
Water Mill (Southampton) NEW Water Mill Shoppes Montauk Hwy. (Rte. 27) & Station Rd. Vitamin Shoppe, Subway OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA 18,440 SF Expansion & Pad
NEW
Columbus Great Western Commerce Center North Wilson Rd & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space Holland (Toledo) Dick’s at Spring Meadows Place Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Lima Westgate Shopping Center Allentown Rd. (Rte.81) and Cable Rd. Former Kmart GLA 157,326 SF Redevelopment Opportunity
NEW
Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block south of Navarre Ave. (Rte. 2) & Kmart OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 220,000 SF GLA / 9.82 Acres Available Carlisle Hanover Street (Route 34) & I-81 Home Depot, Chili’s 140,715 SF GLA 10,584 SF Future Expansion/Pad Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte 309 & Rte 202 79,200 SF GLA Anchor Space Available Future Expansion
NEW
RDManagement LLC
TENNESSEE Hermitage (Nashville) Freestanding Bldg. adjacent to Jackson’s Courtyard Shopping Center 3445 Lebanon Pike 24,040 sf GLA Redevelopment Opportunity Nashville Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Twin Hills Drive Trees N Trends, Ryan’s Buffet 111,460 SF GLA
NEW
TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA UTAH Salt Lake City 410 S. 900 E. & 400 S. Freestanding Office Max New In-line Space & Pad Available VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. Outlots Available Winchester Freestanding Kmart S. Pleasant Valley Rd. & E. Jubal Early Dr. 88,479 SF GLA WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 230,000 SF GLA PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads 525,000 ± SF GLA
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
new construction R.J. Brunelli & Co. is preleasing Broadway Street @ 280, a mixed-use development located at the intersection of Broad Street and Interstate 280 in Newark, NJ. Plans include a 70,000 sq.ft. ground level space, a hotel and student housing, and 100,000 sq.ft. of retail space with a deck parking area. Area retail includes Burger King. Area demographics include a population of 736,940 within a fivemile radius earning $76,239 as the average household income. The average daily traffic count is 83,217 vehicles. For more information, contact Richard J. Brunelli, R.J. Brunelli & Co., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800 Ext. 14, Fax 732-7219241; rbrunelli@rjbrunelli.com; Web site: www.rjbrunelli.com. McWhinney, in partnership with Grand America, Inc., is redeveloping the city block of 18th Street/19th Street and Blake Street/ Wazee Street in the lower downtown district section of Denver, CO. Plans will include a 325,000 sq.ft. mixed-use development with retail, office and residential components. For more information, contact McWhinney, 2725 Rocky Mountain Avenue, Suite 200, Loveland, CO, 80538; 970962-9990, Fax 970-635-3003; Web site: www.mcwhinney.com. HUNT Commercial Real Estate is preleasing Heritage Square, a 120-acre development located in Brockport, NY. The center will include a 150,000 sq.ft. retail component and a 300,000 sq.ft. office component. Area demographics include a population of 42,568 within a 10-mile radius earning $64,440 as the average household income. Area draws include Brockport College with a 400-unit student housing complex and a proposed hotel. Groundbreaking is scheduled for this fall. For more information, contact Tom Lockwood, HUNT Commercial Real Estate, 3300 Monroe Avenue, Rochester, NY 14625; 585-737-4055; Email: tlockwood@huntcommercial.com; Web site: www.huntcommercial.com. Menin Development, Inc. is redeveloping and expanding the Shoppes at St. Lucie West, a 250,000 sq.ft. shopping center located at the intersection of Bethany Drive and St. Lucie West Boulevard in Port St. Lucie, FL. Plans include LA Fitness and Burlington Coat Factory taking the place of the former Sears. A 140,000 sq.ft. expansion area is available for preleasing and is slated to open during 2014. Publix anchors the center and cotenants include Edwin Watts Golf Shops, Mattress Firm and AT&T Mobility. Page 4 | July 19, 2013
For more information, contact Kate Gilbert, Menin Development, Inc., 324 Royal Palm Way, Suite 100, Palm Beach, FL 33480; 561282-5000 Ext. 230; Email: kgilbert@menin.com; Web site: www.menindevelopment.com. Divaris Real Estate, Inc. is preleasing the redevelopment of Lynchburg Commons, a 13.8-acre retail development located along Lakeside Drive in Lynchburg, VA. Plans call for 90,000 sq.ft. of retail space. Shop spaces and outparcels are available. Area demographics include a population 146,665 within a 10-mile radius earning $54,170 as the average household income. The average daily traffic count is 27,000 vehicles along Lakeside Drive. Area retail includes River Ridge Mall, featuring Regal Cinemas, Macy’s, Belk, JCPenney and T.J. Maxx. For more information, contact Debbie Wake and Sam McCoy, Divaris Real Estate, Inc., 1111 East Main Street, Suite 801, Richmond, VA 23219; 804-643-4700/540520-1518; Emails: dwake@divaris.com and smccoy@divaris.com; Web site: www.divaris.com. S.L. Nusbaum Realty Co. is preleasing Chesterfield Plaza, a mixed-use center located along West Kroger Center Boulevard in Chesterfield County, VA. Area retailers include Best Buy, Dick’s Sporting Goods, Lowe’s Home Improvement, Texas Roadhouse and First Capital Bank. Area demographics include a population of 119,292 within five-miles earning $96,749 as the average household income. The average daily traffic count includes 37,000 vehicles along Robious Road. For more information, contact James Gresock, S.L. Nusbaum Realty Co., 9211 Forest Hill Avenue, Suite 110, Richmond, VA 23235; 804-320-7600; Email: jgresock@slnusbaum.com. Jeffrey R. Anderson Real Estate is preleasing the second phase of The Banks, a mixed-use project with 80,000 sq.ft. of retail and 300 apartments and located in Cincinnati, OH. Area draws include University of Cincinnati, Xavier University and U.S. Bank Arena. For more information, Mark Fallon or Emily Bevis, Jeffrey R. Anderson Real Estate, 513-241-5800, Fax 513-241-2637; Emails: mfallon@anderson-realestate.com and ebevis@anderson-realestate.com. Trinity Partners is preleasing Shoppes at Weston Commons, a 17,600 sq.ft. retail development located at the intersection of Evans Road and Weston Parkway in Cary, NC. Spaces of 3,200 sq.ft., 5,600 sq.ft. and 8,800 sq.ft. are available. Area demographics
include a population of 118,838 within a fivemile radius earning $105,146 as the average household income. The average daily traffic count is 22,000 vehicles. For more information, contact Beverly Keith, Trinity Partners, 8020 Arco Corporate Drive, Suite 175, Raleigh, NC 27617; 919674-3687; Email: bkeith@trinity-partners.com; Web site: www.trinity-partners.com. DM
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buyers and sellers Katz Properties, LLC acquired Heritage Plaza, a 116,840 sq.ft. shopping center in East Longmeadow, MA. Stop & Shop, Party City and Dollar Tree anchor the center. The company also acquired Golden Ring Plaza, a 159,000 sq.ft. center in Rosedale, MD. Anchors include Giant, Marshalls and Bank of America. Area retail includes Walmart, Home Depot and Sam’s Club. The company is also acquiring grocery-anchored and regional shopping centers in major markets and the surrounding suburbs throughout the east coast. Its acquisition criteria includes core and value-add opportunities with GLAs of at least 50,000 sq.ft. and yields at or exceeding 7% unleveraged in the first year. For more information, contact Josh Katz, Katz Properties, LLC, 212-710-9265, Fax 917591-5497; Email: sglantz@katzproperties.com; Web site: www.katzproperties.com. The Shopping Center Group negotiated the sale of University Collection, a 107,198 sq.ft. neighborhood shopping center located in Tampa, FL. At the time of sale, the center was 80% occupied and tenants included Dollar Tree, Pet Supermarket, Chili’s, Tijuana Flats, Five Guys Famous Burgers and Fries and Mattress One. The property was acquired by Ram CRA Partners and Forge Capital Partners for $18.4 million from University Collection CRP, LLC. The company represented the seller in the transaction. The company also negotiated the sale of Uptown Station, a 300,124 sq.ft. center in Ft. Walton Beach, FL for $33 million. At the time of sale, the center was 92% occupied and tenants included Winn Dixie, Ross Dress for Less, West Marine, Pet Supermarket, Party City and Dollar General. The company also negotiated the sale of 98 Palms, a 90,000 sq.ft. center in Destin, FL for $11 million. At the time of the sale, the center was 100% occupied and tenants included Winn Dixie, Little Caesars and Island Wings. For more information, contact Anthony Blanco, The Shopping Center Group, 14502 North Dale Mabry, Suite 301, Tampa, FL 33618; Web site: www.theshoppingcentergroup.com. Acadia Realty Trust is seeking to acquire retail and mixed-use properties throughout the northeast and Mid-Atlantic regions of the U.S., as well as in Miami, FL and Chicago, IL. For more information, contact Joel Braun, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 914-288-8146; Email: jb@acadiarealty.com; heilberg@acadiarealty.com; Web site: www.acadiarealty.com. Dealmakers Magazine | www.dealmakers.net
Rein & Grossoehme Commercial Real Estate negotiated the sale of a 2,399 sq.ft. freestanding former Wendy’s, located along West Indian School Road in Phoenix, AZ. The property was acquired from The McCurdy Family Trust for $390,000. The company represented the buyer and DeRito Partners represented the seller in the transaction. For more information, contact Jake Ertle, Rein & Grossoehme Commercial Real Estate, 8767 East Via de Ventura, Suite 370, Scottsdale, AZ 85258; 480-214-9419, Fax 480-214-9401; Email: jake@rgcre.com; Web site: www.rgcre.com. RCG Ventures acquired Northway Plaza, a 199,717 sq.ft. shopping center located along Lake George Road/Route 9 in Albany, NY. At the time of sale, Home Depot and Hobby Lobby anchored the center and tenants included Panera Bread. Area retail includes Ace Hardware, McDonald’s, KFC, RadioShack and Subway. The company acquired the property from Berkadia. For more information, contact RCG Ventures, 3060 Peachtree Road Northwest, Suite 400, Atlanta, GA 30305; 404-8165454; Web site: www.rcgventures.com. Retail Opportunity Investments Corp. is seeking to acquire shopping centers throughout CA, OR and WA. Suitable properties include neighborhood and community shopping centers with a grocery anchor, GLAs of at least 65,000 sq.ft. and priced at $10 million or more. For more information, contact Jon Mendis, Retail Opportunity Investments Corp., 8905 Towne Centre Drive, Suite 108, San Diego, CA 92122; 858-204-7975; Email: jmendis@roireit.com; Web site: www.roireit.com.
Conviser Property Group is selling a 3,879 sq.ft. former Travel Lodge situated on a 29,169 sq.ft. land area located at the intersection of Route 4 and Route 225 in Bedford, MA. Area retailers include T.J. Maxx, Super Stop & Shop, The Paper Store, Home Goods, Ace Hardware, Staples, Whole Foods, Citizens Bank, Chipotle, Bank of America and Great Wall Restaurant. The average daily traffic count is 23,500 vehicles. For more information, Jim Conviser, Conviser Property Group, 858 Washington Street, Suite 306, Dedham, MA 02026; 781-320-0600 Ext. 3, Fax 781-791-4599; Email: jim@conviserpg.com; Web site: www.conviserpg.com. Westwood Net Lease Advisors is selling a Hardee’s in Glen Carbon, IL. The tenant is bound to a NNN lease with 19 years remaining on the initial term and featuring 10% rent escalations every five years. The average daily traffic count is 25,600 vehicles. The asking price is $1.654 million with a Cap rate of 6.25%. For more information, contact Chris Schellin, Westwood Net Lease Advisors, 2001 South Hanley Road, Suite 300, St. Louis, MO 63144; Email: cschellin@westwoodnetlease.com. Midland Atlantic is seeking to acquire grocery-anchored and shadow-anchored shopping centers located throughout the Midwestern, southeastern and Mid-Atlantic regions of the U.S. Suitable properties are priced between $3 million and $18 million. For more information, contact Chris Palermo, Midland Atlantic; 513-792-5000 Ext. 201; Email: cpalermo@midlandatlantic.com; Web site: www.midlandatlantic.com. (continued on page fourteen)
Katz Properties, LLC acquired Heritage Plaza in East Longmeadow, MA. July 19, 2013 | Page 5
observations and conversations Retailers are taking calls about new stores again and actually responding to site submittals. Ann O’Neal
Welcome to The Dealmakers’ special edition for the ICSC New England Idea Exchange in Boston. The show is expected to have a thousand or so attendees; it’s a one day event and I think the combination of just coming off the heels of RECon, a few weeks after the July 4th holiday and the fact that lots of people are taking a vacation midsummer makes it impossible for many of them to attend. I spoke to developers and brokers that work in the New England market and their only complaints were that getting new developments started is taking too long and there aren’t enough centers for sale, plus the asking prices are increasing in the stronger markets. I also heard that rents are stabilized throughout New England and actually increasing in Boston. The market definitely has the attention of buyers, I know of at least half a dozen companies that have bought a shopping center in New England in the past 90 days. This issue has some great leads for chains expanding in the New England market. Supermarket chains that are eyeing the market for new sites include Wegman’s Food Markets, which is continuing its growth in MA, Associated Wholesalers also has plans to open more supermarkets in CT and Price Chopper is expanding throughout the entire region. Food concepts are also hot for New England with Pinkberry projecting up to 10 openings in the market, along with Five Guys Famous Burgers and Fries looking for sites in MA, ME, NH and RI and Omaha Steaks growing in CT, MA, NH and RI. We also have profiles on New England Retail Properties and Royal Properties, both of which will give you more insight on what’s happening in the region. In our Buyers and Sellers section, you’ll want to check out Katz Properties acquisition criteria since the company also just recently acquired a Stop & Shop-anchored shopping center in Longmeadow, MA. With this level of activity in New England and since most people felt that this year’s RECon was the best convention in the past five years; the Boston show should have a good vibe. Speaking of good vibes, the Vegas convention was stellar in my opinion and my hunch is that business will continue to get better. Retailers are taking calls about new stores again and actually responding to site submittals. I’m also hearing of lots of spin offs from office supply chains, sporting goods chains and home furnishing retailers. Most of the new concepts are operating in a small inline footprint, rather than in anchor or junior anchor positions. For the first time in a long time during RECon, I met novice shopping center owners with only one or two projects in their portfolio and they were looking to acquire more centers, mainly because they would rather invest in real estate than the stock market. That’s a strong indication that the retail real estate industry is on its way back to being a highly profitable business. On the topic of the stock market, I’m noticing more retailers dabbling with the idea of an IPO. Most retailers are showing better profit levels in the past year than in the last five years and offering shares is often the quickest way to fund growth or pay down debt that hinders growth. Noodles & Company, a 350-unit chain of fast-casual restaurants serving pastas, sandwiches, salads and soups, was wildly well received with its stock price doubling on its first day of trading. One chain that may also have good luck on Wall Street is Neiman Marcus. I read that its sales for the last year hit $4.6 billion and chain wide showed a profit of $140 million. Not Page 6 | July 19, 2013
only has profitability improved, but also the rollout of its Cusp concept appears to be successful. The new concept caters to a younger clientele offering contemporary designer fashions at lower price points. They have six stores operating and I heard through the grapevine that they are opening more of the Cusp concept and expanding the Last Call chain. Burlington Coat is also jumping on the IPO band wagon and we’ll see if Wall Street is sweet on discount stores. The success of recent IPOs of retail chains is another major indicator that there’s confidence in the future. Also, with their status of being publicallytraded, chains will be mandated to open more stores in order to keep stockholders happy, which is always good news to the shopping center industry. I also spoke to several mortgage brokers and direct lenders during RECon and they were happy troopers. Although they did have concerns about future interest rates, they were grateful that lenders are again open to making loans for retail real estate. Now that traditional lenders are back in play and since their funding is usually cheaper than giving up equity, the private equity folks are starting to redirect their capital to acquiring and developing centers. REITs are also hot and heavy for shopping center acquisitions, but I’m hearing that it’s challenging finding centers for sale that meet their criteria and they are paying top dollar for prime real estate. Most privately-held companies can’t compete with the REITs when it comes to acquiring shopping centers. Not only because REITs expect a different level of return, but also they often offer the seller tax advantages that other buyers typically can’t provide. When I look at the big picture of retailers with successful IPOs, chains rolling out new concepts and spin offs, active lenders and an increased demand for shopping center acquisitions, I’m finally starting to believe that we may actually have great times coming our way. I have to wrap it up, so make sure you stop by and see us in Boston (Booth #605) and check out our new web site at www.dealmakers.net. We’ve revamped it to be easy to navigate and you can also download a mobile app to read us on your iOS or Android device. Plus, the new web site makes it easier to send us updates on your recent deals, space for lease, new projects, acquisition requirements and properties for sale so you can maximize press coverage in The Dealmakers. Another great tool to generate leads is our email groups, it’s free to join and you can let the real estate community know what type of deals you have or what you are looking for. Here is the link to join: http://www.dealmakers.net/Free-Email-Forums. Also we are gearing up for the ICSC Florida Conference and if you are active in that market, we want to hear about what you are working on.
Ann O’Neal, Publisher
Dealmakers Magazine | www.dealmakers.net
who’s opening and where Wal-Mart Stores, Inc. (479-273-4000) is planning to open a 177,000 sq.ft. Walmart Supercenter on a 24-acre land parcel at the intersection of Peachtree Parkway and Mathis Airport Parkway in Forsyth County, GA during 2014. The company will join Target and Home Depot at the site and will be the company’s third location in the area. The company is also slated to open a 114,244 sq.ft. Walmart Supercenter along Broadway/Route 1 North in Saugus, MA during summer 2014. The company trades as Walmart, Walmart Supercenter and Walmart Neighborhood Market and currently operates more than 9,000 locations nationwide and internationally. Trader Joe’s Co. (626-599-3700) is planning to open a 12,500 sq.ft. Trader Joe’s supermarket at East City Center, a 29,000 sq.ft. mixed-use center located along South Federal Highway in Boca Raton, FL during 2014. It will be the company’s second location in Palm Beach County, FL. The specialty grocer currently operates nearly 400 locations throughout 35 states nationwide.
Birks & Mayors, Inc. (800-758-2511) is planning to rollout its new concept Birks & Mayors in Brossard, Quebec and in the Mapleview Mall in Burlington, Ontario, Canada. The company currently operates 56 luxury jewelry stores throughout the U.S. and Canada, including 30 stores under the Birks brand and 23 locations under the Mayors trade-name throughout FL and GA, as well as two Brinkhaus stores in Calgary and Vancouver, Canada and a Rolex store in Orlando, FL. Tony C’s (512-255-9463) is opening an 8,400 sq.ft. restaurant at Northwest Park, a 4.6 million sq.ft. mixed-use development located along 3rd Avenue in Burlington, MA. The company will join Wegmans and King Bowl at the site and is slated to open during 2014. Aldi, Inc. (630-879-8100) is planning to open 100 Aldi supermarkets along the west coast by 2015. The company currently operates more than 1,200 grocery stores throughout 32 states in the Midwest and east coast and plans to open 50 to 80 locations annually.
Hy-Vee, Inc. (515-267-2800) is planning to open a Hy-Vee grocery store at the site of a former Kmart along South MacArthur Boulevard in Springfield, IL during spring 2014. The company currently operates 235 stores throughout eight Midwestern states, including 15 supermarkets throughout IL.
Wegmans Food Markets, Inc. (585-3282550) is planning to open an 80,000 sq.ft. Wegmans supermarket at Scotts Run Station South, located along Colshire Drive in Tysons Corner, VA. The chain of specialty supermarkets currently operates 81 locations throughout six states.
Beef Jerky Outlet Franchise, Inc. (586-2465405) is planning to open Beef Jerky Outlet stores nationwide, as well as throughout Puerto Rico. The company, offering beef, turkey and wild game jerky, currently operates 16 locations nationwide.
CarMax, Inc. (800-519-1511) is planning to open four new CarMax stores in Dothan, AL; Henrietta, NY; Mechanicsburg, PA and Spokane, WA from March to May of 2014, as part of a plan to open 13 locations by June 2014.
Front Burner Restaurants, LP (800-783-0867) is planning to open a 7,000 sq.ft. Twin Peaks restaurant at the site of a former Romano’s Macaroni Grill along East Jackson Drive in Independence, MO during January 2014. The company, offering burgers, wings, salads and alcoholic beverages, currently operates three restaurants in the area. Macy’s, Inc. (513-579-7000) is planning to open a 150,000 sq.ft. bi-level Macy’s at Plaza Del Caribe in Ponce, Puerto Rico by fall 2015. The company operates under the Macy’s and Bloomingdale’s brand names at 840 locations throughout 45 states nationwide, the District of Columbia, Guam and Puerto Rico, we well as 12 Bloomingdale’s Outlet stores. Dollarama, Inc. (514-737-1006) is planning to open 80 Dollarama stores during fiscal 2014. The company, offering gift and seasonal items, beauty products, toys, and snack items, all priced at around $1, currently operates more than 800 locations nationwide. First Coast Energy, LLP (904-596-3200) is planning to rollout a fast-casual restaurant concept called Dash throughout northeastern FL during early 2014. The company currently trades as Daily’s and Shell at 200 locations throughout FL. DM
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Quaker Steak and Lube (724-981-3123) is opening a 5,230 sq.ft. restaurant along Millennium Boulevard in Bazetta, OH during 2014. The company, offering wings, burgers, salads and wraps, currently operates 45 locations. Boulevard Home Furnishings (877-955-0585) is planning to open a store at the intersection of Boulevard Plaza and South Main Street in Cedar City, UT during spring 2014. PB&J Restaurants, Inc. (913-648-6033) is planning to open a 3,000 sq.ft. Paradise Diner on the first floor of Prairiefire in Overland Park, KS during May 2014. CFA Properties, Inc. (404-765-8000) is planning to open a Chick-fil-A restaurant located along Airline Highway in Prairieville, LA during 2014. Dealmakers Magazine | www.dealmakers.net
Tony C’s is opening a restaurant at Northwest Park in Burlington, MA. July 19, 2013 | Page 7
new england retail properties, inc. New Construction, Development, Leasing and Sales throughout the Northeast Stephanie Weaver New England Retail Properties, Inc., based in Wethersfield, Connecticut, is a full-service development and brokerage company specializing in shopping center leasing, development and sales, with a geographic focus in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont. Launched in 1987, the company exclusively represents several million square feet of retail space in these markets as well as several national tenants throughout all major markets of the northeastern United States. With decades of experience in New England on behalf of developers and owners, the brokerage Mark D’Addabbo company’s expert knowledge of the Vice President and Principal retail market is coupled with its ability to negotiate sophisticated leases and complex contracts. The firm is also committed to providing efficient services by offering pioneering in-house technologies in the fields of mapping, aerial photography in both print and CD-ROM format, traffic counts on state roadways, demographics, and related research, which enables its clients to make informed decisions when it comes to securing new sites. New England Retail Properties’ highly experienced team of real estate brokers, former retail managers and information systems personnel have a keen understanding of the market and specialized expertise in research, lease negotiations, investment sales and tenant representation. The executive team includes its president Mark D’Addabbo; vice president and principal, Matt Halprin and Joe Baranowski, director of development. D’Addabbo explained, “Leasing has picked up, vacancies have decreased and rents are on the rise throughout New England. Retail leasing activity is slowly building throughout the New England market and retail development is also on a gradual upturn. Contributing factors to slow pace of activity include the entitlement process for new shopping centers is often taking a year or more even in markets that are receptive to new development. There are still significant blockades in many towns, such as the inordinate number of Boards and Commissions which must grant the necessary approvals associated with the entitlement process, antiquated road systems, varying topography and wetlands. Additionally, it has taken time to fill the boxes which were vacated by Borders, Linens and Circuit City.” Despite the obstacles, “class “A” shopping centers still have significant leasing activity and rents have stabilized from the downturn,” added D’Addabbo. “Numerous value-oriented retailers are looking to enter the New England market such as Dollar General, Big Lots, Family Dollar and similar discounters. Do-it-yourself retailers, including Advanced Auto, AutoZone and Tractor Supply Co., along with franchise restaurants, such as burger restaurants and self-serve yogurt shops, dental practices and urgent care/walk-in medical practices are also expanding in the region,” stated D’Addabbo. New England Retail Properties, Inc. has seen the most activity taking place in densely Page 8 | July 19, 2013
populated, high-traffic areas. Its research indicates that the most highly desirable regions throughout New England include the Route 9 corridor in Framingham/Natick, Massachusetts; Route 1 in Fairfield County, Connecticut; Daniel Webster Highway in Nashua, New Hampshire due to the area being free of sales tax, and as to urban real estate, downtown Boston, Massachusetts continues to thrive. “Cap rates throughout the market are at all-time lows, resulting in reciprocally high sales prices. Interest rates have increased by 50 BP since May, and if trends continue as they are, capitalization rates will increase and prices will decline,” said D’Addabbo. He added that solid, investment grade, supermarket-anchored shopping centers are continuing to draw attention from real estate investment trusts which makes it difficult for developers or individual buyers to compete with the returns REITs are willing to accept. D’Addabbo stated, “Single tenant net leases are also highly in demand and attract interest from real estate investment trusts and passive investors seeking to achieve a 6% to 7% return on their investments which coupled with the lack of new development has resulted in a scarcity of products, resulting in higher prices for quality property.” Despite obstacles, New England Retail Properties, Inc. has recently closed notable deals, including signing a national, publicly-traded dollar store chain at a site to be built along Route 83 in Vernon, Connecticut; a lease with Aldi’s in Brattleboro, Vermont; five leases with a yogurt tenant and three new retail developments in Connecticut and Massachusetts with Tractor Supply Co. as the anchor. The firm’s leasing portfolio includes Copaco Shopping Center, a 450,000 square foot center located along Cottage Grove Road in Bloomfield, Connecticut and anchored by Lowe’s Home Improvement, Stop & Shop and Burlington Coat Factory; Hadley Corner, a 340,000 square foot shopping center located along Russell Street/Route 9 in Hadley, Massachusetts and anchored by Home Depot; Shoppes at Larson Farms, a 70,000 square foot center located along Farmington Avenue/ Route 6 in Bristol, Connecticut, with tenants including Arby’s, Chili’s and LA Fitness; Chariho Plaza, a 70,000 square foot shopping center located along Main Street (Rt 138) in Wyoming, Rhode Island, anchored by Family Dollar and Royal Square Shopping Center, a 103,779 square foot shopping center located at the intersection Route 5 and Putney Road in Brattleboro, Vermont, with tenants include Aldi’s, Peebles, Staples and Olympia Sports. New England Retail Properties, Inc. is also handling the sale of the Brattleboro Outlet Center, a 42,000 square foot center situated on 5.4 acres located along Canal Street in Brattleboro, Vermont. New England Retail Properties, Inc., is also preleasing a new development at a site in Colchester, Connecticut with Tractor Supply as the anchor and a recently opened shopping center in Putnam, Connecticut also with Tractor Supply in the anchor position. In addition the firm has ground leases available for new development in South Windsor, Connecticut at a site across from the Evergreen Walk Lifestyle Center and on Rt 6 (Hartford Ave ) in Johnston, Rhode Island. For more information contact Mark D’Addabbo, New England Retail Properties, Inc., 150 Hartford Avenue, Wethersfield, CT 06109; 860-529-9667; Email: markd@newenglandretail.com; Web site: www.newenglandretail.com. Dealmakers Magazine | www.dealmakers.net
food chains expand nationwide The Taco Truck operates two locations throughout NJ. The restaurants, offering Mexican-inspired cuisine, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in inline spaces or endcaps of shopping centers, as well as freestanding locations. Growth opportunities are sought throughout the Boston, MA metropolitan area during the coming 18 months, with representation by Conviser Property Group. Five Guys Famous Burgers and Fries operates more than 1,000 locations throughout 40 states nationwide, as well as in Canada. The chain of quick-serve restaurants occupy spaces of 2,200 sq.ft. to 2,600 sq.ft. in endcaps of shopping centers, and freestanding locations along prime retail corridors. Growth opportunities are sought throughout Barnstable, Bristol, Essex, Hampden, Plymouth, Suffolk and northern Worcester, MA; ME; NH and RI during the coming 18 months, with representation by Conviser Property Group. Omaha Steaks operates more than 70 locations throughout AZ, CA, CO, CT, FL, GA, IL, IN, KS, KY, MA,MD, MI, MN, MO, NC, NE, NJ, NY, NV, OH, OK, PA, RI, TN, TX, VA and WI. The chain of specialty stores occupy spaces of 1,200 sq.ft. in lifestyle centers. Growth opportunities are sought throughout CT, MA, NH and RI during the coming 18 months, with representation by Conviser Property Group. For more information regarding The Taco Truck, contact Jim Conviser, Conviser Property Group, 858 Washington Street, Suite 306, Dedham, MA 02026; 781-3200600 Ext.103; Email: jim@conviserpg.com; Web site: www.conviserpg.com. For more information regarding Five Guys Famous Burgers and Fries, contact Adam Conviser or Jim Conviser, Ext. 101; Email: adam@conviser.com. For more information regarding Omaha Steaks, contact Adam Conviser. Burger King operates more than 12,000 locations nationwide and internationally. The fast food restaurants occupy spaces of 2,700 sq.ft. in freestanding locations. Growth opportunities are sought throughout IL and northwestern IN during the coming 18 months, with representation by Edgemark Commercial Real Estate Services, LLC. A land area of 35,000 sq.ft. and a drivethru is required. Preferred demographics include a trade-area population of 30,000. The company prefers build-to-suits, corner locations and to acquire sites. For more information, contact Les Kristof, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5607; Email: lkristof@edgemarkllc.com; Web site: www.edgemarkllc.com. Dealmakers Magazine | www.dealmakers.net
Giordano’s operates more than 42 locations throughout IL and FL. The pizzerias occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in limited service restaurant spaces and 4,000 sq.ft. to 5,000 sq.ft. in full-service restaurant spaces. Growth opportunities are sought throughout Wicker Park, Schaumburg, Glenview, Northbrook, Skokie, Deerfield and Highland Park, IL during the coming 18 months, with representation by Mid-America Real Estate Corp. For more information, contact Dean Welch or Andrew Becker, Mid-America Real Estate Corp., One Parkview Plaza, Ninth Floor, Oakbrook Terrace, IL 60181; 630-9547340/7440; Emails: dwelch@midamericagrp.com and abecker@midamericagrp.com. Popeye’s operates 10 locations throughout MD. The fast food restaurants occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout Anne Arundel, Calvert, Carroll, Harford, Howard and St. Mary’s counties in MD during the coming 18 months, with representation by Oxford Chase Retail. The company prefers sites with a drive-thru. For more information, contact William Steffey, Oxford Chase Retail, 11921 Rockville Pike, Suite 103, Rockville, MD 20852; 301255-0099 Ext. 104; Email: bill@oxfordchase.net; Web site: www.oxfordchase.net. Pinkberry operates more than 120 locations throughout CA, CO, CT, FL, GA, HI, LA, MA, NC, NY, RI, TN, TX, VA and internationally. The frozen yogurt shops occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in lifestyle centers, downtown/urban areas and street fronts. Plans call for five to 10 openings throughout
New England during the coming 18 months, with representation by Bialow Real Estate, LLC. The company prefers to locate to areas with high pedestrian traffic counts and dense residential populations. For more information, contact Andrew Jaffe, Bialow Real Estate, LLC, 200 Highland Avenue, Suite 401, Needham, MA 02494; 781-400-1218, Fax 781-4442317; Email: ajaffe@bialow.com; Web site: www.bialow.com. Bad Ass Coffee Co. of Hawaii, Inc. trades as Bad Ass Coffee Co. at 51 locations nationwide and internationally. The coffee shops occupy spaces of 1,500 sq.ft. in endcaps of shopping centers, freestanding locations and urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Harold Hill, Bad Ass Coffee Co. of Hawaii, Inc., 155 West Malvern Avenue, Salt Lake City, UT 84115; 801-428-0823, Fax 801-463-2606; Email: haroldh@badasscoffee.com; Web site: www.badasscoffee.com. Kolache Factory, Inc. trades as Kolache Factory at 42 locations throughout CO, IN, KS, MO, OH and TX. The restaurants occupy spaces of 1,600 sq.ft. to 1,800 sq.ft. in strip centers or freestanding locations. Plans call for eight openings throughout the existing markets, in addition to CA, during the coming 18 months. For more information, contact Aaron Nielsen, Kolache Factory, Inc., 23240 Westheimer Parkway, Katy, TX 77459; 281-829-6188, Fax 281-829-6813; Email: anielsen@kolfac.com; Web site: www.kolachefactory.com. DM
Pinkberry plans five to 10 openings throughout New England during the coming 18 months. July 19, 2013 | Page 9
Royal Properties, Inc.
Changing the Tri-State Landscape One Retailer at a Time Stephanie Weaver Royal Properties, Inc., headquartered in Bronxville, NY, is a full service brokerage and consulting company launched in 1993 by David Landes. In 1996, Jeff Kintzer partnered with David and expanded the firm to provide real estate solutions for landlords and retailers throughout New York, New Jersey and Connecticut. The company’s established management team has many years of diversified experience in retail and office leasing, property management and hands-on retail store and shopping center ownership. The four areas of Royal Properties’ expertise include tenant and landlord representation, investment sales and property management. The Royal team consists of David Landes, partner; Jeff Kintzer, partner; Scott Meshil, senior vice president; John Williams, senior vice president; Farron Roboff, senior vice president; Craig Benson, vice president, and Jeanine Kemm, leasing specialist. The landlord representation division of Royal’s brokerage firm provides its clients with an in depth analysis on how to optimize and meet the landlord’s goal, including what types of criteria is important to them, such as rent, credit, fashion and entertainment. Royal Properties currently handles 45 shopping centers as well as 20 various retail properties throughout the tri-state area. A prime example of Royal Properties’ expertise is the leasing of the long time vacant former COMP USA space at the Shop Rite Shopping Center located along Route 1 in Norwalk, Connecticut. Having just signed The Tile Shop to lease this 21,000 square foot space, Royal will now focus its attention on the soon to be available 20,000 square foot Barnes & Noble. This junior anchor space has 120’ of frontage facing Route 1. This center is anchored with a 70,000 square foot Shop Rite and includes co-tenants such as GameStop, The UPS Store, Dr. Dental, GNC, Angel Tips, Sport Clips and The Tile Shop.
Shop Rite Shopping center in Norwalk, CT
The past year has been an extremely successful one for Royal Properties. The firm recently negotiated several leases with franchisees throughout Connecticut and New York, including deals with Moe’s Southwest Grill, Panera Bread, Miracle Ear, Anytime Fitness, Massage Envy, Jake’s Wayback Burgers, SportClips, GNC, Retro Fitness and Great Clips, all of which the company represented the landlord in the transactions. Royal Properties has also represented many franchisees, including Verizon Wireless, Snip-Its, The UPS Store, Elevation Burger, Just-A-Buck and European Wax Center. According to Jeff Kintzer, “there are times when a franchisee with decent financials will be a better fit for a landlord because they may require less TI and show flexibility that a corporate tenant would never consider.” In addition Page 10 | July 19, 2013
to working with franchisees, the company has recently completed corporate deals with Panera Bread, Qdoba, Sleepy’s, The Paper Store, The Tile Shop, ASAP Urgent Care, Verizon Wireless, Big Lots, Weight Watchers, Lime Fresh Mexican Grill, 7-Eleven, Party City and Heartland Brewery. In addition to the chains Royal represents, Kintzer noted that new fast casual food chains that are expanding in the Connecticut market include Qdoba, Jake’s Wayback Burgers and frozen yogurt stores such as Fro Yo World, Peachwave and Orange Leaf. He added, “Leasing in Connecticut is picking up, however Royal Properties understands that timing is everything and finding or leasing space that meets a retailer’s criteria when they want it is essential and the tenant’s credit often drives the deal.” One of Royal Properties’ most recent notable deals was with Heartland Brewery at The Port Chester Train Station, located along Broad Street in Port Chester, New York. The Heartland Brewery deal was a “win win” for all parties involved, explained Kintzer, “because the MTA had a very tedious RFP process that really vetted out the unambitious.” Kintzer further explained that Jon Bloostein, the founder and president of Heartland Brewery, was the ideal tenant for this project because The MTA station buildings take some imagination and he really came forward with a lot of vision and creativity. In addition to leasing the 5,630 square foot building, Bloostein is developing a 3,600 square foot outdoor seating area that will be useable nine months out of the year. Heartland Brewery will be spending $1.2 million on renovating the 19th century train station building and is expected to open this November. Royal Properties also represents ASAP Urgent Care throughout Connecticut, which is on pace to be the fastest growing urgent care chain in the state by this time next year. According to Kintzer, ASAP Urgent Care currently has three locations in various developmental stages with plans for additional locations in 2014. Other chains the company represents include Choice Pet Supply in Connecticut, New Jersey and New York; The UPS Store, Clarks, Yankee Candle, Elevation Burger and Snip-Its throughout Connecticut and New York; Just-A-Buck nationwide; Blinds to Go in New York, Verizon Wireless in New Jersey and New York; Subway in Rockland County, New York. Royal’s proactive approach and expert guidance to reach its clients’ growth strategy ensure that each location and every market they enter is profitable. The company’s in-depth knowledge of the retail landscape, as well as relationships with retailers, landlords and brokers, help its clients achieve their goals. Royal Properties, Inc. has continued to grow over the years. According to Kintzer, one area of growth for the company is investment sales. Royal Properties has sold six properties during the past year and Kintzer expects to increase its sales transactions in the future, however the firm’s main focus will always be retail leasing. The firm’s success can be found in its selectiveness of the salespeople/brokers that it hires. Royal stresses a teamwork environment. As a boutique firm that covers three states, Royal Properties stays abreast of the changes that constantly occur in the tri-state markets by communicating within its office as well as throughout the community, and developing strong ties to developers, retailers and brokers. For more information contact Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Suite 106, Bronxville, NY 10708; 914-237-3403; Email: jeff@royalpropertiesinc.com; Web Site: www.royalpropertiesinc.com. Dealmakers Magazine | www.dealmakers.net
home-related chains expand nationwide Grossman’s Bargain Outlet operates 50 locations throughout MA, NY, OH, PA and RI. The home improvement centers, offering building supplies and related materials, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets, in addition to CT and NH, during the coming 18 months, with representation by Horn Cos. E.C. Barton & Co., the parent company, also operates under the trade names of Barton’s, Builders Material Co. and Surplus Warehouse at 120 locations throughout AL, AR, FL, LA, MA, MO, MS, NC, NH, NY, OH, PA, RI, SC, TN and TX. Preferred site locations include an existing shell with minor modifications and a 6,500 sq.ft. space for an outdoor display area. The company prefers site submissions to include site plan, aerial photo, demographics, traffic counts and asking rents. For more information, contact Tom Hornstein, Horn Cos., 6194 Thompson Road, Syracuse, NY 13206; Email: horncompanies@gmail.com; Web site: www.bargain-outlets.com. The Dump operates 10 locations throughout AZ, GA, NJ, PA, TX and VA. The stores, offering living room, dining room, bedroom and home office furniture, as well as rugs,
mattresses and home décor items, occupy spaces of 180,000 sq.ft. in various retail settings. Growth opportunities are sought throughout southeastern FL during the coming 18 months, with representation by The Rotella Group. For more information, contact Bill Rotella or Steve Miller, The Rotella Group, 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015 Ext. 222, Fax 954568-9597; Emails: wjr@rotellagroup.com and steve@rotellagroup.com; Web sites: www.rotellagroup.com and www.thedump.com. Ten Thousand Villages operates 390 locations nationwide. The stores, offering home décor items, handmade gifts, jewelry, art and sculptures and serveware, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC. For more information, contact Penny Wickey, Daniel Neaton, Peter Yeskey, Mike Marcante, Donaven Doughty, Saugatuck Commercial Real Estate, LLC, 9 Burr Road, Westport, CT 06880; 203222-4194/4188/4195/4189/4197; Email: pwickey@saugatuckcommercial.com; Web sites: www.saugatuckcommercial.com and www.tenthousandvillages.com.
Great Gatherings operates two locations in Washington, DC. The stores, offering bars and game room furniture, drinkware, stools, hitop tables, pool tables and outdoor furniture items, occupy spaces of 17,000 sq.ft. in lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Stokas Bieri Real Estate. The company prefers to locate in affluent areas. For more information, contact Alex Bieri, Stokas Bieri Real Estate, 660 Woodward Avenue, Suite 1500, Detroit, MI 48226; 313-962-2800, Fax 313-962-5070; Web site: www.mygreatgatherings.com. Mancini Sleepworld, Inc. trades as Mancini Sleepworld at 31 locations throughout CA. The stores, offering sofas, futons, bedroom furniture and mattresses, occupy spaces of 7,000 sq.ft. to 14,000 sq.ft. in freestanding locations and strip centers. Plans call for five to seven openings throughout the greater San Francisco Bay area in CA during the coming 18 months. The company will consider leasing or acquiring sites. For more information, contact Randy Mancini, Mancini Sleepworld, Inc., 599 Hawthorne Place, Livermore, CA 94550; 925-456-6400 Ext. 105, Fax 925-456-6440; Email: rmancini@sleepworld.com; Web site: www.sleepworld.com. DM
exclusives and leasing assignments The Shopping Center Group (404-219-7769) has been appointed the exclusive leasing agent for Glensford Way, a 183,000 sq.ft. shopping center located at the intersection of Glensford Drive and Campground Church Road in Fayetteville, NC. BJ’s Wholesale Club will anchor the center. Small shop spaces of 20,000 sq.ft., two junior anchor spaces and three outparcels will be available. Area demographics include a population of 154,000 within a five-mile radius earning $55,573 as the average household income. The company specializes in tenant representation, project leasing, surplus disposition, property management, construction supervision, investment advisory, capital market and local analytic services. Koniver Stern Group (305-532-6100) is representing Burrito San with its expansion plans throughout Miami-Dade County, FL. The Asian-style restaurants utilize spaces of 1,500 sq.ft. in second-generation spaces, shopping centers or street fronts. Dealmakers Magazine | www.dealmakers.net
Divaris Real Estate, Inc. (301-231-4877) is representing baked by yael with its expansion plans throughout northwestern Washington, DC. The company utilizes spaces of 1,000 sq.ft. to 2,000 sq.ft. in second-generation store-front spaces with a kitchen. The company prefers locations with a dense traffic count. Midland Atlantic (317-580-9900) is representing Kilwin’s Chocolates and Ice Cream with its expansion plans on Monument Circle or Broad Ripple Avenue in downtown Indianapolis, IN. The company is seeking spaces of 1,200 sq.ft. to 1,500 sq.ft. Retail Solutions (512-474-5557) is representing Gina’s Italian Kitchen & Pizzeria with its expansion plans for two to three openings in Austin, TX. The restaurants occupy spaces of 2,000 sq.ft. to 3,500 sq.ft. in second-generation restaurant spaces. The company prefers to locate to affluent trade areas.
Legend Properties, Inc. (856-231-1010) is representing Moe’s Southwest Grill with its expansion plans throughout eastern PA and central and southern NJ. The restaurants, offering southwestern fare, occupy spaces of 2,200 sq.ft. to 2,800 sq.ft. in endcaps of shopping centers. Outdoor patio seating is preferred. Area demographics include a trade-area population of 30,000 within a two-mile radius earning $50,000 as the median household income is preferred. The company also prefers to locate near schools, office parks, hospitals and parks. Jameson Commercial Real Estate (312751-0300) is representing Pinot’s Palette with its expansion plans throughout downtown Naperville, the North Shore, Chicago-River North and Old Town sections of Chicago, IL. The restaurants utilize spaces of 1,800 sq.ft. to 2,500 sq.ft. in first floor retail sites and require a D liquor license. M July 19, 2013 | Page 11
supermarket chains expand nationwide (continued from page one)
Whole Foods Market operates 340 locations nationwide and in Canada and the United Kingdom. The supermarkets, offering natural and organic food items, occupy spaces of 35,000 sq.ft. to 40,000 sq.ft. in lifestyle and mixed-use centers, as well as urban/ downtown areas. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by H & R Retail, Inc. A vanilla shell and specific improvements are flexible. Preferred demographics include a population of 250,000 within three miles earning $75,000 as the average household
income. Major competitors include Harris Teeter, Trader Joe’s and The Fresh Market. For more information, contact Marc Katz or Suzanne Katz, H & R Retail, Inc., 2800 Quarry Lake Drive, Suite 320, Baltimore, MD 21209; 410-308-0800, Fax 410-4862733; Email: skatz@hrretail.com; Web site: www.wholefoodsmarket.com. Superior Grocers operates 43 locations throughout Los Angeles, Orange County, Riverside, San Bernardino, Kern County and Ventura County in CA. The supermarkets, featuring produce, meat, seafood and bakery departments, occupy spaces of 40,000 sq.ft.
H ! T R I E W D GO RKET LEyATHInG LESS? A MA fOR An LE T T E S WHy
to 50,000 sq.ft. in freestanding locations and neighborhood centers. Growth opportunities are sought throughout central and southern CA during the coming 18 months. A land area of four to five acres is required for freestanding locations. The company is not seeking locations north of Bakersfield, CA. For more information, contact Randy Ibara, Superior Grocers, 1168 San Gabriel Boulevard, Suite M, Rosemead, CA 91770; 323-721-7312, Fax 626-572-8411; Email: randyibara@sbcglobal.net; Web site: www.superiorgrocers.com. Associated Wholesalers, Inc. trades as ShurFine and ShurSave at locations throughout CT, DE, MD, NJ, NY, OH, PA and VA. The supermarkets occupy spaces of 10,000 sq.ft. to 50,000 sq.ft. in freestanding locations and strip centers. Plans call for 15 openings throughout the existing markets during the coming 18 months. Typical leases run 15 to 20 years. Specific improvements are required. Major competitors include Giant, Walmart, Weis, Giant Eagle, ShopRite and Pathmark. A land area of five to seven acres is required for freestanding locations. For more information, contact Dennis Campbell, Associated Wholesalers, Inc., PO Box 67, Route 422, Robesonia, PA 19551; 610-693-3161; Email: dennis.campbell@awiweb.com and www.awiweb.com. Corrado’s Family Affair operates five locations throughout Clifton, Fairfield and Wayne, NJ. The supermarkets occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout NJ and NY, excluding Long Island, during the coming 18 months, with representation by Landmark RE Co. The company prefers to anchor shopping centers and will only acquire sites. For more information, contact Larry Liebowitz, Landmark RE Co., 392 Main Street, Wyckoff, NJ 07481; 201-560-1800, Fax 201-560-0600; Email: ll@landmarkreco.com; D Web site: www.corradosmarket.com. M
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lease signings Divaris Real Estate, Inc. (757-497-2113) negotiated the following leases throughout VA: with T-Mobile for 1,600 sq.ft. at KempsRiver Crossing, located along Kempsville Road in Virginia Beach, for 1,500 sq.ft. at Southern Shopping Center, located along Tidewater Drive in Norfolk and for 1,125 sq.ft. at Indian River Shoppes, located along Indian River Road in Chesapeake, with the company representing the tenants in all of the transactions; with Firehouse Subs for 1,800 sq.ft. at Strawbridge Marketplace, located along General Booth Boulevard in Virginia Beach, with the company representing the tenant in the transaction; with Bank of America for 6,000 sq.ft. at Willow Oaks Village Shopping Center located along Fox Hill Road in Hampton, with the company representing the landlord, Willow Oaks Associates, LLC in the transaction and with Bruegger’s Bagels for 2,400 sq.ft. and Anthony Vince Nail Spa for 2,597 sq.ft. at Southgate Commons, located along Princess Anne Road in Virginia Beach, with the company representing the landlord, PHD @ Landstown, LLC, in both transactions.
Goodman Real Estate Services Group, LLC (216-381-8200) negotiated a lease with Allemas Childcare and Enrichment Center, Inc. at Solon Commons in Solon, OH. The company also negotiated a lease with Chipotle Mexican Grill along North Lorain Road in North Ridgeville, OH. The company represented the tenant and the landlord in the transaction.
Mid-America Real Estate-Michigan, Inc. (248-855-6800) negotiated leases with Ollie’s Bargain Outlet for 26,338 sq.ft. at Green Acres Plaza, located along State Street in Saginaw, MI and for 36,000 sq.ft. at Roundtree Plaza, located along Ellsworth Place in Ypsilanti, MI. The company represented the tenant in both transactions.
Center Business Management (310-5751517) negotiated the following leases throughout CA: with Madrid for 960 sq.ft. along Lindley Avenue in Northridge; with Emmons for 900 sq.ft. along Riverside Drive in Studio City; with Alonzo for 1,088 sq.ft. along Crenshaw Boulevard in Torrance; with H&R Block for 1,300 sq.ft. along 7th Street in Long Beach; with Goodwill Industries for 1,624 sq.ft. along Rosecrans Avenue in Hawthorne; with Ace Check Checking for 1,800 sq.ft. along Imperial Highway in Beverly Hills and with Pardo for 1,200 sq.ft. along North Tustin Avenue in Orange.
Accelerated Development (602-682-6020), a subsidiary of Velocity Retail Group, LLC, negotiated a lease with Sears Hometown for 7,600 sq.ft. at Kingman Crossing, located at the intersection of Interstate 40 and Stockton Hill Road in Kingman, AZ. United Commercial Realty Dallas (214523-0800) negotiated a 16,909 sq.ft. lease with Office Depot at Sherman Commons, a 241,000 sq.ft. community shopping center located in Sherman, TX. The company represented the landlord and Realty Ventures represented the tenant in the transaction. H&R Retail, Inc. (410-308-0800) negotiated a lease with Wireless Center for 2,054 sq.ft. along Arlington Boulevard in Falls Church, VA. The company represented the landlord in the transaction. SPL Realty Partners (310-656-3400) negotiated leases with Aerosoles for 1,696 sq.ft. at Ontario Mills in Ontario, CA and with Tic Time for 900 sq.ft. in Culver City, CA. Dealmakers Magazine | www.dealmakers.net
Cassidy Turley San Diego (858-625-5299) negotiated the following leases throughout CA: a 10-year lease with Rachas Garden Grove, LP for a 36,000 sq.ft. Chuze Fitness located along Brookhurst Street in Garden Grove, with the company representing the tenant and Pride Property Services representing the landlord, 12151 Brookhurst, LLC, in the transaction; a 10-year lease with Andre Boudin Holding, Co. for a 4,000 sq.ft. Boudin SF at Avery Center, located along Marguerite Parkway in Mission Viejo, with the company representing the tenant and Colliers International representing the landlord, Pacific Castle International, LLC, in the transaction.
The Katsias Co. (757-490-3585) negotiated the following leases throughout VA; with Deals “R” Us for 2,700 sq.ft. at Rosemont Center in Virginia Beach; with Mblem Clothing for 4,050 sq.ft. at Langley Square Shopping Center in Hampton; with Wave Works, LLC for 1,300 sq.ft. at Pacific Plaza in Virginia Beach; with Qdoba for 2,400 sq.ft. at Stonebridge Shopping Center in Chesterfield and with Sal’s New York Pizza for 1,400 sq.ft. at Cedar Lake Center in Chesapeake. The Shopping Center Group (678-290-1460) negotiated a lease with Floor & Décor for 75,134 sq.ft. in Memphis, TN. Lee & Associates of Illinois, LLC (773-3553032) negotiated a lease with Title Max for 2,141 sq.ft. along South Randall Road in Geneva, IL. DM
sources of financing Cronheim Mortgage arranged $10.8 million in financing for Alexandria Commons, a 185,336 sq.ft. shopping center located in Alexandria, LA. Best Buy, Michaels, Old Navy, Marshalls and PetSmart anchor the center. The 10-year loan features a 4.45% fixed rate and a 30-year amortization period. The company specializes in debt and equity services for investment grade real estate. For more information, contact Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; 973-635-6800; Web site: www.cronheimmortgage.com. Tremont Realty Capital, LLC offers loans for retail, office, mixed-use, multi-family and industrial properties. Services include senior debt, bridge loans, mezzanine loans and joint venture equity. For more information, contact Tremont Realty Capital, LLC; 617-867-0700; Web D site: www.tremontcapital.com. M
real estate professionals making the news
The Shopping Center Group (770-9552434) hired Jenny Palmer as a manger of client services. In her new role, Palmer will be responsible for the direction of market research and administration. Prior to joining the company, Palmer served as director of client services at Xceligent, Inc. The company specializes in tenant representation, surplus disposition, project leasing, property management, construction supervision, investment advisory, capital market and location analytic services. Lane 4 Property Group, Inc. (816-268-9113) hired Mark Arensberg as an associate. In his new role, Arensberg will focus on landlord and tenant representation throughout the Kansas City, MO metropolitan area. Prior to joining the company, Arensberg served as vice president at Colliers International – Kansas City. The company specializes in project leasing, tenant representation, development and property management services. Colliers International South Florida (305-4767138) hired Alex Ray as senior investment sales associate. Prior to joining the company, Ray headed strategic accounts and partnerships for Credomatic of Florida, Inc. The company specializes in global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting, appraisal services and D mortgage banking and research services. M July 19, 2013 | Page 13
buyers and sellers NAI James E. Hanson is selling a 2.25acre retail development site located along Hamburg Turnpike in Wayne, NJ. Area demographics include a population earning $123,468 as the average household income within a three-mile radius. The average daily traffic count is 25,000 vehicles. The asking price is $1.1 million. For more information, contact William C. Hanson, NAI James E. Hanson; 201-4885800; Web site: www.naihanson.com. Chase Properties, Ltd. is seeking to acquire shopping centers located throughout the eastern region of the U.S. Suitable properties include centers with national or regional anchors and GLAs of 50,000 sq.ft. or more. For more information, contact Andy Kline, Chase Properties, Ltd., 3333 Richmond Road, Suite 320, Beachwood, OH 44122; 216-4646626; Email: akline@chaseprop.com; Web site: www.chaseprop.com. Lee & Associates negotiated the sale of a Family Dollar in Brownsville, TX for $735,000. For more information, contact Ryan Barr, Ryan Bennett or Ed Indvik, Lee &
Associates, 1900 Wright Place, Suite 200, Carlsbad, CA 92008; 760-448-2446/2449; Emails: rbarr@lee-associates.com, rbennett@lee-associates.com and eindvik@lee-associates.com; Web site: www.lee-associates.com. Massey Knakal negotiated the sale of an 18,000 sq.ft. four-story building located along State Street in Brooklyn, NY. Area draws include Barclays Center and Atlantic Terminal. For more information, contact Massey Knakal, 275 Madison Avenue, Third Floor, New York, NY 10016; Email: skrause@masseyknakal.com; Web site: www.masseyknakal.com. Calkain Cos. is seeking to acquire retail sites throughout FL. Suitable properties include tenants bound to leases with more than five years remaining on the initial term and priced under $2 million. For more information, contact David Sobelman, Calkain Cos., 1000 North Ashley Drive, Suite 610, Tampa, FL 33692; 813-282-6000, Fax 813-282-6098; Email: dsobelman@calkain.com; Web site: www.calkain.com.
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Eagle Commercial Services is selling four outparcels at Lombardi Landing, located at the intersection of U.S. Highway 92, Neptune Road and Recker Highway in Auburndale, FL. Cotenants include RaceTrac and McDonald’s. Area retailers include Advance Auto Parts, Wendy’s, Subway, Murphy USA, AT&T Mobility, Burger King, Taco Bell, Chili’s and Lowe’s Home Improvement. Area demographics include a population of 59,136 within a five-mile radius earning $38,839 as the average household income. The average daily traffic count is 33,500 vehicles along U.S. Highway 92. For more information, contact Mary Ashy, Eagle Commercial Services, 5757 West Maple, Suite 800, West Bloomfield, MI 48322; 248-539-7997; Email: mashy@eaglecommservices.com; Web site: www.eaglecommservices.com. Eastern Consolidated is selling an 8,000 sq.ft. store front located along East 8th Street, between Greene Street and Mercer Street in the Greenwich Village section of New York, NY. Area draws include New York University. For more information, contact Adelaide Polsinelli or Gary Meese, Eastern Consolidated; 212-499-7700. DM
WE’VE CORNERED THE MARKET.
Urstadt Biddle Properties is metro NY’s dominant grocery-anchored shopping center owner.
55 PROPERTIES | 5 MILLION SQUARE FEET Seeking Tenants and Acquisitions For leasing, contact Linda Lacey x202 For acquisitions, contact Jim Aries x224
321 Railroad Avenue Greenwich, CT 06830 203-863-8200 • ubproperties.com
Dealmakers Magazine | www.dealmakers.net
lead sheet rue21 Penny Wickey c/o Saugatuck Commercial Real Estate, LLC 9 Burr Road Westport, CT 06880 203-222-4194, Fax 203-222-4186 Email: pwickey@saugatuckcommercial.com Web site: www.saugatuckcommercial.com
Apparel The 935-unit chain operates locations nationwide throughout 47 states. The stores, offering young men’s and women’s apparel and accessories, occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in various retail settings. Growth opportunities are sought throughout CT, MA, ME, NH, RI and VT during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC.
Les Schwab Tire Center, Inc. dba Les Schwab Tire Center Jon Scanlan or Mike Oxman 20900 Cooley Road Bend, OR 97701 541-416-5615, Fax 541-416-5454 Emails: jon.r.scanlan@lesschwab.com and mike.m.oxman@lesschwab.com Web site: www.lesschwab.com
Automotive The 400-unit chain operates locations throughout AK, CA, CO, ID, MT, NV, OR, UT and WA. The automotive tire and service centers occupy spaces of 9,000 sq.ft. to 12,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout central CA and CO during the coming 18 months. Preferred cotenants include Target, supermarkets, car wash facilities and home improvement retailers. Preferred demographics include a population of 40,000 within three miles earning $50,000 as the average household income. The company prefers to acquire sites.
7-Eleven Canada, Inc. dba 7-Eleven Caroline Bouillet 13450 102nd Avenue, Suite 2400 Surrey, British Columbia, Canada V3T 0C3 905-320-6241 Email: caroline.bouillet@7-11.com Web site: www.7-eleven.com
Convenience The 475-unit chain operates locations throughout Canada. The convenience stores occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, mixed-use and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout Alberta, British Columbia, Ontario and Winnipeg, Canada during the coming 18 months. Typical leases run 10 years with options. The company prefers to locate in areas with a dense population and high traffic counts.
E-Z Mart Stores, Inc. dba E-Z Mart Mike Ingram 602 West Falvey Street Texarkana, TX 75504 903-832-6502, Fax 903-831-5679
Convenience The 310-unit chain operates locations throughout AR, LA, MO, OK and TX. The convenience stores, with gasoline facilities, occupy spaces of 2,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to acquire sites.
Dillard’s, Inc. dba Dillard’s Chris Johnson 1600 Cantrell Road Little Rock, AR 72201 501-376-5200, Fax 501-399-7502 Email: chris.johnson@dillards.com Web site: www.dillards.com
Department Store The 302-unit chain operates locations throughout the midstates, southern and western regions of the U.S. The department stores occupy spaces of 70,000 sq.ft. to 300,000 sq.ft. in malls and lifestyle centers. Growth opportunities are sought nationwide during the coming 18 months.
Hudson’s Bay Co. dba The Bay Bruce Moore 401 Bay Street, Suite 600 Toronto, Ontario, Canada M5H 2Y4 416-861-4521, 416-861-6870
Department Store The 92-unit chain operates locations throughout Canada. The department stores, offering apparel, accessories and home goods, occupy various size spaces in malls, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months.
Dealmakers Magazine | www.dealmakers.net
July 19, 2013 | Page 15
lead sheet Von Maur, Inc. dba Von Maur Director of Real Estate 6565 Brady Street Davenport, IA 52806 563-388-2200, Fax 563-388-2242 Web site: www.vonmaur.com
Department Store The 27-unit chain operates locations throughout GA, IA, IL, IN, KS, KY, MI, MN, MO, NE and OH. The department stores occupy spaces of 75,000 sq.ft. in malls and specialty centers. Growth opportunities are sought throughout AL, GA, NY, OK, WI and the Midwestern region of the U.S. during the coming 18 months.
Ollie’s Bargain Outlet Jerry Altland 6295 Allentown Boulevard, Suite 1 Harrisburg, PA 17112 717-657-2300, Fax 717-651-1376 Email: jaltland@ollies.us Web site: www.olliesbargainoutlet.com
Discounts The 140-unit chain operates locations throughout DE, IN, KY, MD, MI, NC, NJ, NY, OH, PA, SC, TN, VA and WV. The stores, offering closeout, surplus and salvage merchandise, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in strip and value centers. Growth opportunities are sought throughout the existing markets, in addition to AL and GA, during the coming 18 months. Typical leases run five years with three, five-year options. Specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 80,000 within 10 miles earning $40,000 to $45,000 as the average household income. The company is seeking locations in suburban areas and prefers second-generation spaces.
Gregg Appliances, Inc. dba hhgregg Bruce Dixon 4151 East 96th Street Indianapolis, IN 46240 317-848-8710, Fax 317-848-8723 Email: bdixon@hhgregg.com Web site: www.hhgregg.com
Electronics The 228-unit chain operates locations throughout AL, DE, FL, GA, IL, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN and VA. The stores, offering electronics and appliances, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in freestanding locations, malls and power 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. Preferred cotenants include Target. Preferred demographics include a population of 200,000 within five miles earning $60,000 as the average household income. Major competitors include Best Buy. A land area of three acres is required for freestanding locations.
Funny Bone Comedy Club Jim Samuels c/o Guggenheim, Inc. 23215 Commerce Park Drive, Suite 214 Cleveland, OH 44122 216-780-8000, Fax 216-755-1300 Email: jim@guggenheiminc.com
Entertainment The 18-unit chain operates locations throughout FL, IA, IL, KY, MO, NE, NJ, NY, OH and VA. The comedy clubs occupy spaces of 7,500 sq.ft. to 12,000 sq.ft. in malls, lifestyle and entertainment centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Guggenheim, Inc. Typical leases run 10 years. Preferred cotenants include upscale restaurant chains and movie theaters.
Regal Entertainment Group dba Regal Cinemas, United Artists and Edwards Theatres Todd Boruff 7132 Regal Lane Knoxville, TN 37918 865-922-1123, Fax 865-925-9754 Email: todd.boruff@regalcinemas.com Web site: www.regmovies.com
Entertainment The 573-unit chain operates locations throughout 42 states nationwide and internationally. The movie theaters occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in malls, entertainment, lifestyle, mixed-use 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 five to seven miles.
CosmoProf Greg Batista c/o Sabre Real Estate Group, LLC 500 Old Country Road, Suite 209 Garden City, NY 11530 516-874-8070 Ext. 515, Fax 516-351-5604 Email: greg@sabreny.com Web site: www.cosmoprofbeauty.com
Hair The 1,000-unit chain operates locations nationwide and in Canada. The stores, offering hair salon products and related furnishings, occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout Long Island, West Chester and the surrounding boroughs of New York, NY during the coming 18 months, with representation by Sabre Real Estate Group, LLC.
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lead sheet Great Clips, Inc. dba Great Clips Davis Bennett 4400 West 78th Street, Suite 700 Bloomington, MN 55435 952-746-3337, Fax 952-844-3445 Email: davis.bennett@greatclips.com Web site: www.greatclips.com
Hair The 3,350-unit chain operates locations nationwide and in Canada. The hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in power and strip centers. Growth opportunities are sought nationwide and in Alberta, British Columbia and Ontario, Canada during the coming 18 months. Preferred cotenants include grocery stores and national discount retailers.
Fire & Ice, Inc. dba Fire & Ice Robert Levine 9578 Deereco Road Lutherville Timonium, MD 21093 Email: info@fireandice.com Web site: www.fireandice.com
Jewelry The 14-unit chain operates locations throughout MA, MD, PA, VA and Washington, DC. The jewelry stores occupy spaces of 800 sq.ft. to 1,000 sq.ft. in airports and regional shopping centers. Growth opportunities are sought throughout the existing markets, excluding VA, during the coming 18 months.
SVS Vision Alex Bieri c/o Stokas Bieri Real Estate 660 Woodward Avenue, Suite 1500 Detroit, MI 48226 313-962-2800, Fax 313-962-5070 Web site: www.svsvision.com
Optical The 50-unit chain operates locations throughout GA, IL, IN, KY, MI, MN, MO, NY, OH and VA. The optical centers occupy spaces of 1,600 sq.ft. to 2,400 sq.ft. in various retail settings. Plans call for six to eight openings throughout MI and OH, and the Midwestern region of the U.S. during the coming 18 months, with representation by Stokas Bieri Real Estate.
Health Shoes Plus, Inc. dba Happy Feet Plus and Birkenstock Jacob Wurtz 465 Clearwater Largo Road North Largo, FL 33770 727-538-1111, Fax 727-518-9769 Email: jacob@happyfeet.com Web site: www.happyfeet.com
Shoes The nine-unit chain operates locations throughout Tampa Bay, Sarasota, Ft. Meyers and Ellenton, FL. The shoe stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in lifestyle, outlet and power centers. Growth opportunities are sought throughout Naples, Orlando and New Tampa, FL during the coming 18 months. Typical leases run five years with five-year options. A vanilla shell is required. Preferred cotenants include upscale retailers.
Laurie’s Shoes, Inc. dba Laurie’s Shoes Mark Waldman 9916 Manchester Road St. Louis, MO 63122 314-961-7092, Fax 314-961-7092 Email: mark@lauriesshoes.com Web site: www.lauriesshoes.com
Shoes The five-unit chain operates locations throughout MO. The shoe stores occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout IL, KS and MO during the coming 18 months. Typical leases run three to five years. The company prefers to locate in affluent areas.
Rangoni U.S. Corp. dba Rangoni Firenzi Shoes Randy Paddock 6199 Cornerstone Court East, Suite 106 San Diego, CA 92121 858-404-0043, Fax 858-404-0013 Web site: www.rangonishoes.com
Shoes The 13-unit chain operates location throughout CA, FL, GA, MD, NC, SC, Dallas and San Antonio, TX. The stores, offering men’s and women’s footwear, occupy spaces of 2,000 sq.ft. in freestanding locations, lifestyle and outlet center, as well as urban/downtown areas. Growth opportunities are sought the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 800,000 within 50 miles earning $50,000 as the average household income.
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July 19, 2013 | Page 17
lead sheet Shoe Carnival, Inc. dba Shoe Carnival Mike Smith 7500 East Columbia Street Evansville, IN 47715 812-867-4260, Fax 812-471-9864 Web site: www.shoecarnival.com
Shoes The 379-unit chain operates locations nationwide throughout 33 states in the Midwestern, western, southern and southeastern regions of the U.S. and Puerto Rico. The stores, offering value-priced family footwear and accessories, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in regional malls, power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A turnkey is required. Preferred cotenants include Old Navy, Target, Kohl’s, JC Penney, T.J. Maxx and Ross Dress for Less. Preferred demographics include a trade-area population earning a $40,000 to $70,000 as the median household income. Major competitors include Famous Footwear and Rack Room Shoes.
Cartridge World Jeff McMullen c/o Richard Bowers & Co. 260 Peachtree Street, Suite 2400 Atlanta, GA 30303 404-816-1600, Fax 404-880-0077 Email: jmcmullen@richardbowers.com Web site: www.richardbowers.com
Specialty The chain operates 1,700 locations nationwide and internationally. The stores, offering printer cartridges and related items, occupy spaces of 600 sq.ft. to 1,200 sq.ft. in lifestyle, power and strip centers. Growth opportunities are sought throughout GA during the coming 18 months, with representation by Richard Bowers & Co. Typical leases run five years with five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include Kroger, Publix and Target. Preferred demographics include a population of 30,000 within three miles earning $60,000 as the average household income. Major competitors include Office Max, Office Depot and Staples. The company is franchising.
Doctor’s Express Steve Miller c/o The Rotella Group 3300 North Federal Highway, Suite 200 Ft. Lauderdale, FL 33306 954-568-9015 Ext. 226, Fax 954-568-9597 Email: steve@rotellagroup.com Web site: www.rotellagroup.com
Specialty The chain operates locations nationwide. The facilities, offering medical care services, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in various retail settings. Growth opportunities are sought throughout southern FL during the coming 18 months, with representation by The Rotella Group.
Wild Birds Unlimited Paul Pickett 11711 North College Avenue, Suite 146 Carmel, IN 46032 317-571-7100 Ext. 135, Fax 317-208-208-4050 Email: pickettp@wbu.com Web site: www.wbu.com
Specialty The 283-unit chain operates locations nationwide and in Canada. The stores, offering bird houses, seeds and nature related gift items, occupy spaces of 1,400 sq.ft. to 1,700 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Total Hockey Scott Bitney c/o L3 Corp. 12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: scott@l3corp.net Web site: www.l3corp.net
Sporting Goods The 26-unit chain operates locations throughout IL, MD, MI, MN, MO, PA and VA. The sporting goods stores occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout St. Louis, MO during the coming 18 months, with representation by L3 Corp.
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 18 | July 19, 2013
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space place Alabama
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Fairhope – The Shoppes at Fairhope Village, an 84,740 sq.ft. center located at the intersection of US Highway 98 and Parker Road, has spaces from 1,000 sq.ft. to 1,500 sq.ft. available, along with outlots of 0.35 acres and 0.97 acres. Cotenants include Publix, The Little Gym, Merle Norman, Shanghai Cottage and Iberia Bank. Area demographics include a population of 15,087 within three miles earning $74,713 as the average household income. The average daily traffic count is 26,000 vehicles. For more information, contact Matt Hagan, Regency Centers, 404-575-3293; Email: matthagan@regencycenters.com; Web site: www.regencycenters.com.
Anytime Fitness. Area demographics include a population of 155,647 within five miles earning $88,046 as the average household income. The average daily traffic count is 54,098 vehicles. For more information, contact Brian Bielatowicz or Ted Rivenbark, Lee & Associates, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-445-4515/4512; Emails: bbielatowicz@leetemecula.com and trivenbark@leetemecula.com.
Middletown – A 6,000 sq.ft. endcap with a drive-thru is available at the intersection of Plaza Drive and Washington Street. Area retailers include The Home Depot, Price Chopper, Auto Zone, McDonald’s, Staples, Wendy’s and A&P. Area demographics include a population of 85,738 within five miles earning $78,923 as the average household income. The average daily traffic count is 30,000 vehicles. For more information, contact Michael Ambrosi, ARC Properties, Inc., 973-2491000 Ext. 116, Fax 973-249-1001; Email: mambrosi@arcproperties.com; Web site: www.arcproperties.com.
California Temecula – Calomar Village, located at the intersection of Rancho California Road and Margarita Road, has spaces of 800 sq.ft. to 3,909 sq.ft. available, along with restaurant spaces of 2,250 sq.ft. and 3,909 sq.ft. Cotenants include My Gym, McDonald’s, Rosati’s Authentic Chicago Pizza and
Connecticut Canaan – Stop & Shop Plaza, a 71,000 sq.ft. neighborhood center located at the intersection of Main Street and Railroad Street, has a 3,500 sq.ft. space available. Cotenants include Family Dollar and Stop & Shop. For more information, contact Kelly Voss, Developers Realty Corporation, 1224 Mill Street, Building D, Suite 103, East Berlin, CT 06023; 860-561-0121, Fax 860-561-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.
Immediate need for great sites in Massachusetts, Maine, New Hampshire, Rhode Island and Vermont
Milford – New Milford Plaza, a 233,459 sq.ft. regional center located along Danbury Road, has a 12,336 sq.ft. space available, along with a 2,380 sq.ft. pad site. Cotenants include Walmart, Stop & Shop, Dollar Tree, Hallmark, Subway, Radio Shack and Game Stop. Area demographics include a population of 125,905 within ten miles earning $112,600 as the average household income. For more information, contact Steven M. Dudziec, Urstadt Biddle Properties, Inc., 203863-8212; Email: sdudziec@ubproperties.com; Web site: www.ubproperties.com. Norwalk – Shop Rite Shopping Center, located along Connecticut Avenue, has a 19,880 sq.ft. space available. Cotenants include The UPS Store, Webster Bank, GNC, Sport Clips and Angel Tips Nail Salon. Area demographics include a population of 155,947 within five miles earning $145,680 as the average household income. The average daily traffic count is 29,900 vehicles. For more information, contact Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914237-3403, Fax 914-237-0196; Email: jeff@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com.
Florida Dollar Tree is currently seeking locations throughout MA, ME, NH, VT and RI with the following criteria: • 7,000 - 12,000 square feet • Free standing, inline and power center locations in urban and regional settings Please contact me with questions or to submit sites for consideration. We will also be at the ICSC Boston show July 18th, Booth #513. John Wise • johnwise@rcn.com • 207-831-2110
Page 20 | July 19, 2013
Pembroke Pines – University Marketplace, a shopping center located at the intersection of South University Drive and Pines Boulevard, has spaces from 6,000 sq.ft. to 16,000 sq.ft. available. Cotenants include Dollar General, Anna’s Linens, Café Iguana Cantina and Western Beef Supermarket. Area demographics include a population of 409,902 within five miles earning $58,538 as the average household income. The average daily traffic count is 102,000 vehicles. For more information, contact Steve Miller Dealmakers Magazine | www.dealmakers.net
space place Florida or Bob DeLuca, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Emails: steve@rotellagroup.com and rdeluca@rotellagroup.com; Web site: www.rotellagroup.com.
Illinois Broadview – Shoppes of Broadview, a 16,000 sq.ft. center located at the intersection of 17th Avenue and 19th Street, has a 9,000 sq.ft. divisible space available. Area retailers include Chase Bank, McDonald’s, Walgreens, PetSmart, Sports Authority and Marshalls. The average daily traffic count is 55,620 vehicles. For more information, contact Les Kristof, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5607; Email: lkristof@edgemarkllc.com.
Maine Belfast – Belfast Shopping Center, a 17,500 sq.ft. strip center, located along Main Street, has a 2,200 sq.ft. space available. Cotenants include SunTan City, Verizon Wireless and T&T Nails. Area demographics include a population of 18,703 within 10 miles earning $53,299 as the average household income. The average daily traffic count is 8,000 vehicles. The asking rent is $10 to $11 psf. For more information, contact Boni LaValley, K Corp., 877-338-3313; Email: boni@kcorporation.com. Scarborough – Scarborough Gallery, a 510,000 sq.ft. center located along Gallery Boulevard, has spaces of 2,000 sq.ft. to 95,000 sq.ft. available. Cotenants include Lowe’s, Walmart, Texas Roadhouse and KFC/Taco Bell. For more information, contact Joseph Harnan, KGI Properties, LLC, 401-273-8600 Ext. 329; Email: j.harnan@kgiproperties.com; Web site: www.kgiproperties.com.
Massachusetts Boston – Lincoln Plaza, located along Lincoln Street, has spaces of 1,553 sq.ft. to 5,759 sq.ft. available. Also – Bourne Bridge Crossing, located along Bridge Approach Street, has spaces of 1,975 sq.ft. to 13,222 sq.ft. available. For more information, contact Joel Kadis or Evan Eisenhardt, Linear Retail, 5 Burlington Woods Drive, Suite 107, Burlington, MA Dealmakers Magazine | www.dealmakers.net
Massachusetts 01803; 781-202-3544/3536; www.linearretail.com.
Web
Michigan site:
Osterville – A 12,270 sq.ft. space is available along Main Street. Area retailers include Wimpy’s Seafood Café. Area demographics include a population of 40,318 within five miles earning $83,471 as the average household income. For more information, contact Carol Hutchinson, Charter Realty & Development, 1666 Massachusetts Avenue, Lexington, MA 02420; 617-431-1093; Email: carol@chartweb.com; Web site: www.chartweb.com. Springfield – Five Town Plaza, a 326,000 sq.ft. center located at the intersection of Route 21 and Bicentennial Highway, has spaces of 1,235 sq.ft. to 8,000 sq.ft. available. Cotenants include Big Y, Burlington Coat, Michaels, Chili’s, Dress Barn and Radio Shack. The asking rent is $12 to $16 psf. For more information, contact Richard Korris, Insite Retail, Email: richardkorris@gmail.com. Sudbury – Independence Corner, an 11,849 sq.ft. center located at the intersection of Boston Post Road and Concord Road, has spaces from 365 sq.ft. to 5,977 sq.ft. available. Area retailers include Oishii Too, Duck Soup, The UPS Store and Franco’s Trattoria. Area demographics include a population of 85,818 within five miles earning $128,174 as the average household income. The average daily traffic count is 30,000 vehicles. Wayland – Wayland Town Center, a 177,000 sq.ft. mixed-use center located at the intersection of Route 20/Route 27 and Route 126, has spaces from 1,200 sq.ft. to 15,000 sq.ft. available. Cotenants include Stop & Shop, Bertucci’s, Panera Bread, Body Zone, GNC and Supercuts. Area demographics include a population of 83,118 within five miles earning $153,270 as the average household income. For more information, contact Joseph Harnan, KGI Properties, LLC, 10 Memorial Boulevard, Suite 901, Providence, RI 02903; 401-273-8600 Ext. 329; Email: jharnan@kgiproperties.com; Web site: www.kgiproperties.com.
Michigan Hartland – Hartland Plaza, located at the intersection of US 23 and Highland Road, has spaces of 1,550 sq.ft., 1,600 sq.ft. and 23,748 sq.ft. available. Cotenants include Walmart, Dollar Tree and Red Olive Restaurant.
Area demographics include a population of 28,902 within five miles earning $88,201 as the average household income. The average daily traffic count is 47,600 vehicles. For more information, contact J.B. Bernard or Jennifer Walters, Lormax Stern Development Co., 6755 Daly Road, West Bloomfield, MI 48322; 248-737-4041, Fax 248-737-5198; Emails: bernard@lormaxstern.com and jwalters@lormaxstern.com; Web site: www.lormaxstern.com.
Mississippi Batesville – Tri-Lakes Shopping Center, a 29,860 sq.ft. center located at the intersection of US Highway 6 and Interstate 55, has a 6,600 sq.ft. space available. Cotenants include Mi Pueblo, Sally Beauty, Dollar Tree, Pay Day Loans and Game Stop. Area demographics include a population of 23,133 within five miles earning $44,476 as the average household income. The average daily traffic count is 20,000 vehicles. For more information, contact Shawn Massey or Robert Sloan, The Shopping Center Group, 901-334-5702/869-2720; Emails: shawnm@theshoppingcentergroup.com and roberts@theshoppingcentergroup.com; Web site: www.theshoppingcentergroup.com.
Nevada Las Vegas – Eastwind Shopping Center, a 45,240 sq.ft. neighborhood center located at the intersection of Eastern Avenue and Windmill Lane, has space available. Cotenants include Jack Pot Joanies, KFC, Great Clips, GNC and Nevada School of Massage. Area demographics include a trade-area population of 312,844 within five miles earning $64,694 as the average household income. For more information, contact Dan Hubbard, Commerce Real Estate Solutions, 3800 Howard Hughes Parkway, Suite 1200, Las Vegas, NV 89169; 702-688-6934, Fax 702-796-7920; or Vickie Miller, Passco Cos., LLC, 96 Corporate Park, Suite 200, Irvine, CA 92606; 949-442-1000, Fax 949-4422465; Emails: dhubbard@comre.com and vmiller@passco.net.
New Hampshire Berlin – Berlin Shopping Center, a 29,932 sq.ft. strip center located along Pleasant Street, has a 5,200 sq.ft. former Movie Gallery available. Cotenants include White Mountain Wireless and Rent-A-Center. Area demographics include a population (continued on page twenty-two)
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space place New Hampshire (continued from page twenty-one)
of 14,399 within 10 miles earning $50,828 as the average household income. The asking rent is $8 to $10 psf. Colebrook – Colebrook Shopping Center, a 15,000 sq.ft. strip center located along Main Street, has a 4,000 sq.ft. space available, which can be subdivided. Family Dollar is adjacent to the center. The average daily traffic counts are 5,000 vehicles. The asking rent is $6 to $8 psf. North Conway – Red Barn Shopping Center, a 35,000 sq.ft. strip mall located along White Mountain Highway, has spaces of 1,100 sq.ft. and 1,800 sq.ft. available, along with a 2,300 sq.ft. endcap and a 5,300 sq.ft. restaurant. Dollar Tree anchors the center. Cotenants include Corning Outlet Stores, North Conway Music Center, Close Knit Sisters and Red Barn Furniture Outlet. Area demographics include a population of 5,014 within five miles earning $58,814 as the average household income. The average daily traffic counts is 22,000 vehicles. The asking rent is $10 to $12 psf. For more information, contact Boni LaValley, K Corp., 877-338-3313; Email: boni@kcorporation.com.
New Hampshire
New Hampshire
Derry – Derry Meadows Shoppes, a 186,210 sq.ft. center located along Ashleigh Drive, has a space of 22,800 sq.ft. available. Area retailers include Walmart, The UPS Store, Hannaford Supermarket, Five Star Cinemas, Dollar Tree and Panera Bread. Area demographics include a population of 56,433 within five miles earning $85,000 as the median household income. For more information, contact Chris McMahon or Stan Glantz, Katz Properties, 781-862-9700 Ext. 225/212710-9366; Emails: cjm@sumrp.com and sglantz@katzproperties.com.
from 1,200 sq.ft to 10,000 sq.ft. available. Cotenants include Lowe’s, Hannaford and JC Penney. For more information, contact Joseph Harnan, KGI Properties, LLC, 10 Memorial Boulevard, Suite 901, Providence, RI 02903; 401-273-8600 Ext. 329; Email: jharnan@kgiproperties.com; Web site: www.kgiproperties.com.
Hooksett – Hooksett Commons, a 540,000 sq.ft. center located at the intersection of Quality Drive and West River Road, has a space of 7,888 sq.ft. available. Cotenants include The Home Depot, BJ’s Wholesale Club, Kohl’s, Payless Shoe Source, Subway, Wendy’s, Target, Sleepy’s and Bed Bath & Beyond. Area demographics include a population of 196,311 within ten miles earning $78,095 as the average household income. North Conway – Mountain Valley Mall, a 237,400 sq.ft. center, has spaces
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Milford – Milford Commons, a 78,000 sq.ft. center located along Nashua Street, has space available. Cotenants include Stop & Shop, McDonald’s, IGlass Studio and TC’s Cuts. Area demographics include a population of 34,582 within five miles earning $101,331 as the average household income. For more information, contact Penny Wickey, Saugatuck Commercial Real Estate, 9 Burr Road, Westport, CT 06880; 203-222-4194; Email: pwickey@saugatuckcommercial.com; Web site: www.saugatuckcommercial.com. Nashua – Amherst Street Village, located along Amherst Street, has a 1,600 sq.ft. space available. Also – Daniel Webster Plaza, located along Daniel Webster Highway, has a 9,000 sq.ft. space available. For more information, contact Joel Kadis or Evan Eisenhardt, Linear Retail, 5 Burlington Woods Drive, Suite 107, Burlington, MA 01803; 781-202-3544/3536; Web site: www.linearretail.com.
New Jersey Bayonne – Bayonne Broadway Plaza, a 23,901 sq.ft. center located at the intersection of Broadway Street and West 24th Street, has a 7,352 sq.ft. space available. Cotenants include Deal$ and The Avenue. Area demographics include a population of 173,204 within three miles earning $74,482 as the average household income. For more information regarding Bayonne Broadway Plaza, contact Robert Wachtler, Kimco Realty, 3333 New Hyde Park Road, Suite 100, New Hyde Park, NY 11042; 516869-2654; Email: rwachtler@kimcorealty.com; Web site: www.kimcorealty.com.
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Delran – Hartford Corners, a 500,000 sq.ft. power center located at the intersection of US 130 and Fairview Boulevard, has a pad site of 5,500 sq.ft. available. Cotenants include ShopRite, Home Goods, Wells Fargo, Starbucks, Chick Fil A, Staples and Lowe’s. Area demographics include a population of 92,919 within three miles earning $84,817 as the average household income. Dealmakers Magazine | www.dealmakers.net
space place New Jersey
New York
Ohio
For more information, contact Michael Ambrosi or Jill Gordon, ARC Properties, Inc., 973-249-1000 Ext. 116/201-488-5800 Ext. 132; Emails: mambrosi@arcproperties.com and jgordon@naihanson.com; Web site: www.arcproperties.com.
earning $97,385 as the median household income. The asking rent is $24 psf. Levittown –A 5,000 sq.ft. ground level space, along with 5,000 sq.ft. lower level space and 600 sq.ft. of rear yard space are available along Hempstead Turnpike. Area retailers include Denny’s, 7-Eleven, Petco, Payless Shoe Source, PC Richard & Son and Planet Fitness. Area demographics include a population of 498,910 within five miles earning $97,506 as the median household income. The average daily traffic count is 53,525 vehicles. For more information, contact Michael Kearney, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, NY 11530; 516-874-8070 Ext. 507; Email: michael@sabreny.com; Web site: www.sabreny.com. For more information regarding the Levittown location, contact Michael Kearney or Greg Batista; 516874-8070 Ext. 515; Email: greg@sabreny.com.
space available. Cotenants include Kroger, Blockbuster, Hallmark, Radio Shack, Great Clips, GNC, Hungry Howie’s and Advance Auto Parts. Area demographics include a population of 41,849 within five miles earning $64,429 as the average household income. The average daily traffic count is 29,010 vehicles. The asking rent is $16 psf. Hilliard – Darby Town Center, located at the intersection of Scioto Darby Road and Cosgray Road, has up to 1,500 sq.ft. of space available. Cotenants include CVS, Chase Bank, Beef O’Brady’s, Cake Creations, New Grounds Coffee Shop and Paradise Island Tan. Area demographics include a population of 106,960 within five miles earning $86,437 as the average household income. The average daily traffic count is 11,040 vehicles. The asking rent is $17 psf. Mansfield – Kingsgate Shopping Center, located along Park Avenue West, has spaces of 1,152 sq.ft. to 50,000 sq.ft. available. Cotenants include Kroger, Hobby Lobby, Volunteers of America, Firestone, Regis Hair Salon and Taco Bell. Area demographics include a population of 65,375 within five miles earning $50,400 as the average household income. The average daily traffic count is 15,000 vehicles. The asking rent is $5 to $7 psf. For more information, contact Skilken, 4270 Morse Road, Columbus, OH 43230; 614-418-3101; Web site: www.skilken.com.
Voorhees – Cooper’s Plaza Mall, located along Route 73, has a space of 13,000 sq.ft. available. Cotenants include Kohl’s, Marshalls, Raymour & Flanigan, Citizens Bank and Party City. For more information, contact David Kriss, David S. Kriss Realty, Inc., 212-8383463, Email: dkriss57@aol.com; Web site: www.davidkrissrealty.com.
New York Babylon – Great Albany Corner Shopping Center, located at the intersection of Albany Avenue and Great Neck Road, has spaces from 1,000 sq.ft. to 15,000 sq.ft. available, along with a redeveloped 11,060 sq.ft. former Rite Aid. Area demographics include a population of 330,000 within five miles. The average daily traffic count is 30,000 vehicles. For more information, contact Boni LaValley, K Corp., 877-338-3313; Email: boni@kcorporation.com. Farmingdale – Willow Park Shopping Center, located along Broad Hollow Road, has a 6,000 sq.ft. space available. Cotenants include Target, Sally Beauty, Sprint and Blimpie. The average daily traffic count is 69,000 vehicles. Inwood – Burnside Plaza, located at the intersection of Burnside Avenue and Nassau Expressway, has spaces from 1,400 sq.ft. to 12,000 sq.ft. available. Cotenants include Stop & Shop and Subway. The average daily traffic count is 33,000 vehicles. For more information regarding Willow Park Shopping Center, contact Brian Boker or Jessica Vilmenay, Schuckman Realty, 7600 Jericho Turnpike, Woodbury, NY 11797; 516-496-8888, Fax 516-496-8905; Emails: brian@schuckmanrealty.com and jessica@schuckmanrealty.com; Web site: www.schuckmanrealty.com. For more information regarding Burnside Plaza, contact Edward Gottlieb or Jessica Vilmenay; Email: ed@schuckmanrealty.com. Hempstead – A 4,300 sq.ft. street front is available along Front Street. Area retailers include The Home Depot, Stop & Shop, Staples, Home Goods, Old Navy and Chuck E. Cheese’s. Area demographics include a population of 614,972 within five miles Dealmakers Magazine | www.dealmakers.net
New York – Ground level spaces of 2,000 sq.ft. to 5,000 sq.ft., along with a 1,500 sq.ft. lower level space, are available between Broadway and Church in the financial district neighborhood. Area retailers include Chipotle, 7-Eleven, Modell’s, Staples, Starbucks and J&R Music World. For more information, contact Darrell Rubens or Lee Block, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2616/2649; Emails: rubens@winick.com and lee@winick.com; Web site: www.winick.com.
North Carolina Belmont – Eastwood Village Shopping Center, a 49,781 sq.ft. center located at the intersection of Park Street and East Wilkinson Boulevard, has spaces of 7,005 sq.ft. and 27,734 sq.ft. available. Area retailers include Walmart, Lowe’s, Family Dollar, Roses and Rite Aid. Area demographics include a population of 67,439 within five miles earning $51,623 as the average daily household income. The average daily traffic count is 26,468 vehicles. For more information, contact Blake Shell or Diana Teitsma, Divaris Real Estate, 2101 Rexford Road, Suite 330E, Charlotte, NC 28211; 980-819-0119/0092; Emails: bshell@divaris.com and dteitsma@divaris.com; Web site: www.divaris.com.
Ohio Delaware – Westfield Shopping Center, located at the intersection of State Route 37 and Houk Road, has a 4,800 sq.ft. divisible
Pennsylvania Levittown – Levittown Retail Plaza, located along New Falls Road, has inline spaces and a 6,840 sq.ft. pad site available. Area retailers include 7-Eleven, Burger King and Taco Bell. Area demographics include a population of 216,795 within five miles earning $67,957 as the average household income. The average daily traffic count is 23,700 vehicles. For more information, contact Michael Ambrosi or Neil Doornheim, ARC Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973-249-1000 Ext. 116/143; Emails: mambrosi@arcproperties.com and ndoornheim@arcproperties.com; Web site: www.arcproperties.com. Philadelphia – A 1,500 sq.ft. boutique space along Locust Street is available. Cotenants include Papyrus, Barclay Prime, Devon Seafood Grill, Lithe and Kitchen Kapers. For more information, contact Jacob Cooper or Dana Zamparelli, Michael Salove Co., 215-568-2600 Ext. 714/706; Emails: jcooper@salove.com and dzamparelli@salove.com. (continued on page twenty-four)
July 19, 2013 | Page 23
space place Pennsylvania (continued from page twenty-three)
Pittsburgh – Plaza at the Pointe, a 149,016 sq.ft. center located along Quinn Drive, has a space of 21,556 sq.ft. available. Cotenants include Party City, Dress Barn, Bed Bath & Beyond, Wireless Zone and Old Navy. Area demographics include a population of 59,598 within five miles earning $81,048 as the average household income. For more information, contact Dan Zelson, Charter Realty & Development, 183 Main Street, Westport, CT 06880; 203-227-2922; Email: dan@chartweb.com; Web site: www.chartweb.com.
Rhode Island Cranston – Chapel View, a 243,898 sq.ft. lifestyle center located at the intersection of State Route 2 and Sockanosset Cross Road, has spaces from 970 sq.ft. to 11,637 sq.ft. available. Cotenants include Shaw’s, Petco, Chapel Grille, Bonefish Grill, Sleepy’s, Coldstone Creamery, GNC, Game Stop and Johnny Rockets. Area demographics include a trade-area population of 261,409 within five miles. The average daily traffic count is 49,000 vehicles. Johnston – Stonehill Marketplace, a 830,000 sq.ft. regional power center located at the intersection of US Route 6 and State Route 5, has spaces from 3,850 sq.ft. to 135,870 sq.ft. available. Cotenants include The Home Depot, PetSmart, Ruby Tuesdays, Burlington Coat Factory, BJ’s Wholesale, Sleepy’s and Bon Asian Bistro. Area demographics include a population of 428,330 within seven miles earning $65,444 as the average household income. Warwick – Shops at Greenwood, a 247,934 sq.ft. development located at the intersection of State Route 5 and Route 113, has spaces from 1,200 sq.ft. to 10,324 sq.ft. available. Cotenants include Stop & Shop, Lowe’s, Sleepy’s, Subway, Hair Cuttery and Nail Pro. Area demographics include a population of 188,301 within five miles earning $71,292 as the average household income. The average daily traffic count is 42,000 vehicles. For more information, contact Mark Briggs, Carpionato Group, 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800; Email: mbriggs@carpionatogroup.com; Web site: www.carpionatogroup.com. North Kingstown – Hunt River Commons, a 148,126 sq.ft. center located at the intersection of Frenchtown Road and Post Road, has spaces of 1,400 sq.ft. and 2,500 sq.ft. available along with a proposed 0.25acre outparcel. Cotenants include Stop & Page 24 | July 19, 2013
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South Carolina
Shop, Marshalls, Planet Fitness, Citizens Bank, Wendy’s, GNC and Game Stop. Area demographics include a population of 61,410 within five miles earning $97,289 as the average household income. For more information, contact Charles Davis, Brixmor, 111 Middlesex Turnpike, 2nd Floor, Burlington, MA 01803; 203-2561901; Email: charles.davis@brixmor.com; Web site: www.brixmor.com.
362-6132; Email: pkelly@kimcorealty.com; Web site: www.kimcorealty.com.
Narragansett – Salt Pond Shopping Center, a 185,430 sq.ft. shopping center located at the intersection of Point Judith Road and Woodruff Avenue, has spaces from 900 sq.ft. to 9,500 sq.ft. available. Cotenants include Stop & Shop, The UPS Store, Game Stop, Dollar Tree, Marshalls/Home Goods, Anytime Fitness and T’s Restaurant. Area demographics include a population of 86,135 within ten miles earning $86,854 as the average household income. Smithfield – Apple Valley Mall, a 108,009 sq.ft. center located at the intersection of Cedar Swamp Road and Putnam Pike, has a 2,244 sq.ft. space available. Cotenants include T.J. Maxx, Subway, Sleepy’s, Planet Fitness, CVS Pharmacy, McDonald’s and Radio Shack. Area demographics include a population of 101,144 within five miles earning $73,772 as the average household income. Warwick – Crossroads Plaza, an 80,095 sq.ft. center located at the intersection of Warwick Avenue and Oakland Beach Avenue, has spaces of 1,680 sq.ft., 4,800 sq.ft., and 24,855 sq.ft. available. Cotenants inclue Big Lots, Stop & Shop, Radio Shack, Payless Shoe Source and Family Dollar. Area demographics include a population of 136,477 within five miles earning $73,781 as the average household income. For more information, contact Joseph Harnan, KGI Properties, LLC, 10 Memorial Boulevard, Suite 901, Providence, RI 02903; 401-273-8600 Ext. 329; Email: jharnan@kgiproperties.com; Web site: www.kgiproperties.com.
South Carolina Florence – Crossroads Center, a 113,922 sq.ft. center located at the intersection of Frontage Road and Radio Drive, has spaces of 1,600 sq.ft. and 3,200 sq.ft. available. Cotenants include Hamrick’s, Toys “R” Us/ Babies “R” Us, Planet Fitness and Dollar Tree. Area demographics include a population of 63,835 within five miles earning $64,665 as the average household income. For more information, contact Pat Kelly, Kimco Realty, 6060 Piedmont Row Drive South, Suite 200, Charlotte, NC 28287; 704-
North Charleston – Oakbrook Corners, located along Old Trolley Road, has spaces from 1,400 sq.ft. to 2,800 sq.ft. available. Area retailers include IHOP, McDonald’s, Hardee’s, Walgreens, Big Lots and Verizon Wireless. Area demographics include a population of 93,655 within five miles earning $67,333 as the average household income. The average daily traffic count is 23,000 vehicles. For more information, contact Phil Rose, Twin Rivers Capital, LLC, 125 G Wappoo Creek Drive, Charleston, SC 29412; 843722-9925; Email: phil@twinriverscap.com; Web site: www.twinriverscap.com.
Texas Burleson – Gateway Station, a 280,430 sq.ft. center located at the intersection of McAlister Road and Ashbury Boulevard, has a 1,200 sq.ft. space available. Cotenants include Kohl’s, Staples, T.J. Maxx, Ross Dress for Less, Michaels, Best Buy, Old Navy and Famous Footwear. Area demographics include a population of 109,363 within five miles earning $68,643 as the average household income. For more information, contact Douglas Schooley, Kimco Realty, 3102 Maple Avenue, Suite 620, Dallas, TX 75201; 972638-5242; Email: dschooley@kimcorealty.com; Web site: www.kimcorealty.com. Georgetown – Booty’s Crossing, located at the intersection of Williams Drive and Lakeway Drive, has spaces from 1,305 sq.ft. to 2,805 sq.ft. available. Cotenants include Walgreens, Curves, Sonic Drive-In, Domino’s Pizza, Little Caesars and Goodwill. Area demographics include a population of 52,513 within five miles earning $82,465 as the average household income. The asking rent is $21 psf. For more information, contact Herman Tjahja or Carter Bailey, Retail Solutions, 512474-5557; Emails: herman@retailsolutions.us and carter@retailsolutions.us.
Virgina Hampton – Langley Square Shopping Center, located along West Mercury Boulevard, has spaces of 1,210 sq.ft. and 2,250 sq.ft. available. Cotenants include Ruby Tuesday, Popeye’s, Subway, Jackson Hewitt, Food Lion, Family Dollar, Rent-A-Center and (continued on page twenty-six)
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retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? Tenant Search includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches on-line can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any web browser online, access up-todate information, print letters and save searches. Get the details on over 7,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise, Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
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space place Virgina (continued from page twenty-four)
Sally Beauty. Area demographics include a population of 338,403 within ten miles earning $61,603 as the average household income. The average daily traffic count is 60,000 vehicles. For more information, contact Kimberly Wallman, The Katsias Co., 2901 South Lynnhaven Road, Virginia Beach, VA 23452; 757-490-3585, Fax 757-490-3676; Email: kim@katsias.com; Web site: www.katsias.com. Manassas – Festival at Manassas, a 120,000 sq.ft. center located at the intersection of Portsmouth Road and Sudley Road, has spaces from 1,007 sq.ft. to 11,625 sq.ft. available. Cotenants include Global Foods, Dollar Magic, Potbelly Sandwich Works, CiCi’s Pizza and Boost Mobile. Area demographics include a population of 155,657 within five miles earning $95,863 as the average household income. The average daily traffic count is 39,000 vehicles. For more information, contact Frank Normandin, Katz Properties, 781-862-9700 Ext. 212; Email: fn@sumrp.com; Web site; www.katzproperties.com.
Virginia
Virginia
Mechanicsville – Stonewall Square, located at the intersection of Creighton Parkway and Mechanicsville Turnpike, has spaces from 1,600 sq.ft. to 3,200 sq.ft. available. Cotenants include Firehouse Subs, Bed Corner, Allied Cash Advance, Ruby Nails and Sprint. Area demographics include a population of 26,410 within three miles earning $75,520 as the median household income. The average daily traffic count is 39,000 vehicles. For more information, contact Jeff Doxey, Harrison Hall or Peter Vick, NAI Eagle, 2250 Old Brick Road, Suite 240, Glen Allen, VA 23060; 804-217-6904/6903/6905; Emails: jeffdoxey@naieagle.com, harrisonhall@naieagle.com and petervick@naieagle.com; Web site: www.naieagle.com.
of 97,979 within five miles earning $94,338 as the average household income. The average daily traffic count is 117,000 vehicles. For more information, contact Debbie Wake or Brett McNamee, Divaris Real Estate, Inc., 1111 East Main Street, Suite 801, Richmond, VA 23219; 804-643-4700, Fax 804-643-4770; Emails: dwake@divaris.com and bmcnamee@divaris.com; Web site: www.divaris.com.
Richmond – The Village at Swift Creek, located along Hull Street Road, has a junior anchor space up to 10,171 sq.ft. available, along with a 4.3 acre outparcel. Cotenants include Ross Dress for Less, Petco, Babies “R” Us, Chipotle and Guitar Center. Area demographics include a population
Washington, DC Hechinger Plaza, located at the intersections of Bennig Road/H Street/ Bladensburg Road/17th Street and Maryland Avenue, has spaces available of 2,952 sq.ft. and 22,000 sq.ft. Cotenants include Safeway, Ross Dress for Less, Modell’s, Pizza Hut, Ashley Stewart and Radio Shack. For more information, contact AJ Levine or Corey Lober, Ashkenazy Acquisition, 150 East 58th Street, 39th Floor, New York, NY 10155; 646-214-0245/0284; Emails: alevine@aacrealty.com and clober@aacrealty.com; Web site: D M www.aacrealty.com.
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