Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXVII
July 25, 2014
FEATURING APPAREL CHAINS EXPAND NATIONWIDE Destination XL Group, Inc. trades as Destination XL, Casual Male XL, Casual Male XL Outlet and Rochester Clothing at 370 locations nationwide and in London. The stores, offering men’s big and tall apparel and accessories, occupy spaces of 5,000 sq.ft. to 8,500 sq.ft. in freestanding locations and endcaps of power centers. Plans call for 40 Destination XL openings annually nationwide. For more information, contact Peter Schmitz, Destination XL Group, Inc., 555 Turnpike Street, Canton, MA 02021; 781-828-9300 Ext. 2064, Fax 781-821-0614; Email: pschmitz@dxlg.com; Web site: www.destinationxl.com.
Marshalls operates more than 940 locations nationwide. The stores, offering apparel, footwear and home décor items, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations, regional malls and neighborhood strip centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Charter Realty and Development Corp. For more information, Dan Zelson, Charter Realty and Development Corp., 183 Main Street, Westport, CT 06880; 203-227-2922, Fax 203227-8388; Email: dan@chartweb.com; Web site: www.chartweb.com.
Ross Stores, Inc. trades as Ross Dress For Less at 1,285 locations nationwide. The stores, offering discounted apparel items, accessories and home décor items, occupy spaces of 22,000 sq.ft. to 30,000 sq.ft. in regional malls, power and strip centers. Plans call for 100 openings nationwide throughout existing areas during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred demographics include a population of 30,000 within three miles earning $40,000 per capita income. Major competitors include Marshalls and T.J. Maxx. For more information, contact Gregg McGillis, Ross Stores, Inc., 5130 Hacienda Drive, Dublin, CA 94568; 925-965-4400, Fax 925-965-4174; Web site: www.rossstores.com.
Brooks Brothers Group, Inc. trades as Brooks Brothers and Brooks Brothers Factory at 250 locations nationwide. The stores, offering men’s contemporary and formal wear, as well accessories and footwear, along with women’s and children’s apparel items, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in upscale malls and downtown central business districts. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in affluent areas. For more information, contact Roger Kehm, Brooks Brothers Group, Inc., 1101 North Congress Avenue, Boynton Beach, FL 33426; 561-733-2787; Email: rkehm@brooksbrothers.com; Web site: www.brooksbrothers.com. (continued on page seven)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 42,648 locations with plans to open 2,142 sites • Real estate valued in excess of $70 million to be bought, sold & financed • Leasing activity on over 5.7 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
NATIONAL FOCUS New Construction O’Neill Properties preleasing Luxury Point in NJ...................... Pg. 3 360 Real Estate to develop mixed-use project in NE............. Pg. 3 Buyers and Sellers Calkain Cos. closed $24 million single-tenant sale........................ Pg. 4 Who’s Opening and Where Urban Outfitters focuses on opening up to 40 openings......... Pg. 5 DSW rolls out Yellow Box.......... Pg. 5 Food Chains Expand Chuy’s to enter KS, LA and MO
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Tenant Reps and Exclusives Newmark Grubb Knight Frank Chicago reps Children’s Learning Adventure in select markets of IL Pg. 7 Lease Signings Levin Management inks deal with Blink Fitness....................... Pg. 8 Sources of Financing Calkain Cos. provides funding for net-leased properties............. Pg. 8 Making the News Streetsense taps director of real estate.......................................... Pg. 8 Lead Sheet Revolve to enter NJ..................... Pg. 10 SEE Eyewear projects up to seven openings..................................... Pg. 11 Olympia Sports plans to open 25 stores and enter OH................... Pg. 12 Space Place................................ Pg. 14