Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XXVIII
July 30, 2010
Home-Related Chains Expand Nationwide Busy Beaver Building Centers trades as Busy Beaver at 15 locations throughout OH, PA and WV. The home improvement centers occupy spaces of 24,000 sq.ft. to 30,000 sq.ft. in freestanding locations and endcaps of strip centers. Growth opportunities are sought throughout PA, within two hours of Pittsburgh, during the coming 18 months. A land area of 3.5 acres is required for freestanding locations. Typical leases run five years with options. For more information, contact Nick Demao, Busy Beaver Building Centers, 3130 William Pitt Way, Building A6, Pittsburgh, PA 15238; 412-828-2323 Ext. 314, Fax 412-828-2430; Email: ndemao@busybeaver.com; Web site: www.busybeaver.com. The Container Store operates 49 locations throughout AR, AZ, CA, CO, FL, GA, IL, MA, MD, MN, MO, NJ, NY, OH, OR, PA, TX, VA, WA and Washington, DC. The stores, offering home and office organizational items, occupy spaces of 22,000 sq.ft. to 25,000 sq.ft. in lifestyle centers and malls. Growth opportunities are sought nationwide during the coming 18 months. Preferred cotenants include Crate & Barrel, Pottery Barn and Williams-Sonoma. Preferred demographics include a population of one million within 10 miles earning $125,000 as the average household income. For more information, contact Valerie Richardson, The Container Store, 500 Freeport Parkway, Coppell, TX 75019; 972-538-6000, Fax 972-5387425; Web site: www.containerstore.com.
Full-O-Pep Appliances, Inc. trades as American Rental at 50 locations throughout GA, IN, KY, TN and VA. The stores, offering rental furniture, appliances, electronics and lawn and garden supplies, occupy spaces of 3,000 sq.ft. to 4,000 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 David P. David, Full-O-Pep Appliances, Inc., 1436 South Liberty Drive, Bloomington, IN 47403; 812-333-7496, Fax 812-331-5527. Kirklands, Inc. trades as Kirkland’s at 293 locations nationwide throughout 33 states. The stores, offering home furnishings, housewares, gifts and decorative accessories, occupy spaces of 6,500 sq.ft. to 10,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought nationwide, excluding the northeastern and northwestern regions, during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Marshalls, Target and T.J. Maxx. A land area of one acre is required for freestanding locations. For more information, contact Sarah Weaver, Kirkland’s, Inc., 2501 McGavock Pike, Suite 1000, Nashville, TN 37214; 615-872-4840, Fax 615872-4902; Email: sarah.weaver@kirklands.com; Web site: www.kirklands.com. (continued on page eight)
This issue contains information on:
* Retailers operating 18,648 locations with plans to open 1,349 sites * Real estate valued in excess of $14.4 million to be bought, sold & financed * Leasing activity on over 10.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Post-Show ICSC New England IDEX New Construction KGI Properties, LLC is developing a mixed-use project in East Lyme, CT........ Pg. 3 Openings Garden Ridge to open its first regional mall location in Richmond, VA....................... Pg. 4 Chico’s FAS, Inc. to open 20 Chico’s outlet stores this year Pg. 6 Buyers & Sellers Magellan Commercial Realty is selling a 58.8-acre parcel located in Rowlett, TX........... Pg. 5 Exclusives Thur & Associates represents Italian Gourmet Deli and Philadelphia Mike’s throughout select markets of VA and Washington, DC....... Pg. 6 Food Retailers Expand McCormick & Schmick’s seeking locations throughout midwestern, northeastern and southeastern U.S.................... Pg. 7 In the News Frontline Real Estate Partners formed by Mitch Kahn, Josh Joseph and Matt Darin........... Pg. 7 Lease Signings The JBG Cos. signed leases at a mixed-use center in Chevy Chase, MD............................ Pg. 8 Lead Sheet Studio Movie Grill to open three to seven locations throughout top markets nationwide............................ Pg. 10 Complete Pet Mart seeking locations east of the Pg. 12 Mississippi River.................... Sources of Financing Besen Capital provides financing for retail and mixeduse properties........................ Pg. 14 Space Place........................... Pg. 14
For more news go to: www.dealmakers.net Mobile Access Code: postneidex2010