Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXVIII
July 31, 2009
Home-Related Chains Expand Nationwide Ethan Allen Global, Inc. trades as Ethan Allen at 300 locations nationwide and internationally. The stores, selling furniture and accessories, occupy spaces of 3,000 sq.ft. to 10,000 sq.ft. in freestanding locations and lifestyle and specialty centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years with options. Preferred cotenants include Barnes & Noble, Bed Bath & Beyond, Crate & Barrel and Nordstrom. Preferred trade-area demographics include 75,000 households earning an average household income of $75,000. For more information, contact Ann Zaccaria, Ethan Allen Global, Inc., Ethan Allen Drive, Danbury, CT 06811; 203-743-8423, Fax 203730-9016; Web site: www.ethanallen.com. Mitchell Gold + Bob Williams operates 14 locations nationwide. The stores, selling better lines of furniture geared to those with modern lifestyles, occupy spaces of 7,500 sq.ft. to 9,500 sq.ft. in freestanding locations and lifestyle centers. Plans call for three openings throughout the New York, NY metropolitan area; Los Angeles, CA; Dallas, TX; Seattle, WA and Chicago, IL during the coming 18 months, with representation by Robert K. Futterman & Associates. For more information, contact Robert Draizen, Robert K. Futterman & Associates, 521 Fifth Avenue, 7th Floor, New York, NY 10175; 212-331-0124, Fax 212-599-3744; Email: rd@rkf.com; Web site: www.rkf.com.
FloorSmart operates one location in NJ. The company, offering flooring, rugs and carpet, prefers to occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. in freestanding locations and community, lifestyle and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by The Goldstein Group. For more information, contact Chuck Lanyard, The Goldstein Group, 266 Harristown Road, Suite 105, Glen Rock, NJ 07453; 201703-9700 Ext. 15, Fax 201-703-9678; Email: clanyard@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. Hammond Lumber Co. operates eight locations throughout ME. The stores, offering building materials and supplies, occupy spaces of 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Competitors include Lowe’s Home Improvement and Home Depot. The company prefers to acquire sites. A land area of five acres to 20 acres is required. For more information, contact Michael Hammond, Hammond Lumber Co., PO Box 500, Belgrade, ME 04917; 207495-3303, Fax 207-495-2304; Email: info@hammondlumber.com; Web site: www.hammondlumber.com. (continued on page seven)
This issue contains information on:
* Retailers operating 34,288 locations with plans to open 1,207 sites * Real estate valued in excess of $149.7 million to be bought, sold & financed * Leasing activity on over 6.4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Pacific Northwest Idea Exchange New Construction Swanson Developments is preleasing The Gateway Village in Murfreesboro, TN................ Pg. 3 Openings Wal*Mart plans to open a supercenter in Longview, WA Pg. 4 Buyers & Sellers Renaissance Real Estate Co. is looking to acquire single-tenant, freestanding and strip center sites throughout New England.......................... Pg. 5 Food Retailers Expand Kahala Corp. plans to open 30 locations nationwide during the coming 18 months............ Pg. 6 Exclusives Neal Realty & Investments, Inc. represents Rita’s Water Ice Franchise Co., LLC with the chain’s expansion throughout Plantation and Weston, FL...... Pg. 6 Lease Signings Sansone Group negotiated three leases throughout MO.... Pg. 7 Home-Related Chains Expand Ace Hardware looks for locations throughout IL........... Pg. 7 Leadsheet Oil Can Henry’s looks for locations throughout CA, CO, ID, MN, OR and WA.............. Pg. 9 Lifestyle Family Fitness plans to open 10 locations throughout FL, IN, NC and OH.................. Pg. 11 Space Place............................ Pg. 13 In the News Albrecht, Inc. promoted Joseph B. Albrecht to director of retail properties............................... Pg. 13 Sources of Financing United Financial Lender provides financing from $200,000 to $25 million for mixed-use and retail projects Pg. 14
For more news go to: www.dealmakers.net
New Construction The Woodmont Co. is developing The Terraces at Las Colinas, a 1.5 million sq.ft. mixed-use specialty center located at the intersection of TX Highway 161/George Bush Tollway and Las Colinas Boulevard in Las Colinas, TX. Anchor, junior anchor and shop spaces are available. Area retail includes Office Depot, Best Buy, OfficeMax, Ulta, Target, Fry’s Electronics, Wal*Mart Supercenter, Kohl’s, T.J. Maxx, The Dump, Home Depot, Sam’s Club, Kroger and Ross Dress for Less. Trade-area demographics include a population of 443,296 earning an average household income of $83,105.
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................ Nicholas Hamner nicks@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder..................................................... Ted Kraus 1979–2007
The Dealmakers TM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2009 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
The average daily traffic count is 84,500 vehicles. The company is also preleasing Streetsboro Commons, a 111.55-acre project located at the intersection of Interstate 80/Ohio Turnpike and State Route 14 in Streetsboro, OH. Cotenants include Kohl’s, Academy Sports, PetSmart, Taco Cabana, Whataburger, T-Mobile, FedEx Office, Olive Garden and Cracker Barrel. Area retail includes Giant Eagle, Home Depot, CVS, Wal*Mart Supercenter, Lowe’s Home Improvement, Target, Kmart and Staples. Area demographics include a population within a five-mile radius earning an average household income of $84,115. The average daily traffic count is 35,340 vehicles. For more information, contact The Woodmont Co., 2100 West 7th Street, Ft. Worth, TX 76107; 817-732-4000, Fax 817735-4738; Web site: www.woodmont.com. Acadia Realty Trust, in conjunction with David Adam Realty, Inc., is redeveloping a 29,700 sq.ft. mixed-use center located along Main Street in Westport, CT. Tenants include Brooks Brothers Women. Area retail includes Ann Taylor, Sigrid Olsen, J. Crew, Talbots and Eileen Fisher. Area demographics include a population of 44,531 within a three-mile radius earning an average household income of $155,320. For more information, contact Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-2275570. Or David Adam Realty, Inc., 8 Church Lane, Suite 200, Westport, CT 06880; 203221-8148. For leasing information, contact Christa Minogue or Erin Grace, SRS Real Estate Partners; 212-710-5247. Kahn Development is developing Valley View, a mixed-use project located along Interstate 581/U.S. 220 in Roanoke, VA. Proposed tenants include Costco, Kohl’s and Hobby Lobby. The project will include retail and hospitality components. Area retail includes Valley View Mall, featuring Sears, Belk, JCPenney and Macy’s. Area demographics include a population of 226,073 within a 10-mile radius earning an average household income of $62,849. The company is also preleasing additional phases of Patrick Henry Place, a mixeduse center with retail, residential, multifamily and hospitality components located along Hornsby Lane in Newport News, VA. Area demographics include a population of 323,767 within a 10-mile radius earning an average household income of $64,625. For more information, contact Kahn Development; 803-744-0000; Email: leasing@kahndevelopment.com; Web site: www.kahndevelopment.com. www.dealmakers.net
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Voit Commercial Brokerage is preleasing Silverado Gallery, a center located at the intersection of Silverado Ranch Boulevard and Fairfield Avenue in Las Vegas, NV. Spaces from 1,200 sq.ft. are available. Area retail includes Wal*Mart Neighborhood Grocery, Fresh & Easy Neighborhood Market, Smith’s and Albertsons. Area demographics include a population of 105,443 within a three-mile radius earning an average household income of $85,571. The average daily traffic count is 18,000 vehicles. The center is slated to open during the first quarter of 2010. The company is also developing Mystic Village, a mixeduse project located at the future intersection of Pueblo Boulevard and Boulder Highway in Henderson, NV. The project features restaurant, retail and hospitality components. Spaces from 1,200 sq.ft. to 12,000 sq.ft. are available. Area demographics include a population of 99,003 within a five-mile radius earning an average household income of $75,276. The average daily traffic count is 28,000 vehicles. For more information regarding Silverado Gallery, contact Tami Lord, Voit Commercial Brokerage, 10100 West Charleston Boulevard, Suite 200, Las Vegas, NV 89135; 702-734-4500. For more information regarding Mystic Village, contact Michael McDay or Kit Graski. Swanson Developments is preleasing The Gateway Village, a 150,000 sq.ft. mixeduse center situated on 5.09 acres at the intersection of Medical Center Parkway and North Thompson Lane in Murfreesboro, TN. Area retail includes Belk, Dick’s Sporting Goods, Best Buy, White House|Black Market, Ann Taylor Loft, Marshalls, Stein Mart, Bed Bath & Beyond, Ross Dress for Less, hhgregg and Parkway Plaza. Area draws include Middle Tennessee Medical Center. Area demographics include a population of 194,585 within a 10-mile radius earning an average household income of $49,275. The center is slated to open during the summer of 2010. For more information, contact Michael Walters, Swanson Developments, 1188 Park Avenue, Murfreesboro, TN 37129; 615-217-0000, Fax 615-895-0000; Email: michael@swansondev.com; Web site: D M www.swansondev.com.
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Who’s Opening and Where Flip Flop Shops, Inc. (770-424-0027) plans to open 236 Flip Flop Shop locations during the next five years, including corporate stores and franchises. The company recently opened a store, through a franchisee, in Baybrook Mall, located at the intersection of Interstate 45 and Bay Area Boulevard in Webster, TX. The stores feature a full line of flip flops, including those from the Reef, Hurley, O’Neil, Roxy, Flojos and Sanuk brands, at prices ranging from $20 to $100. L.L. Bean, Inc. (207-552-3028) will open an L.L. Bean store at Eastview Mall, located in Rochester, NY. The store, featuring men’s, women’s and children’s apparel and outdoor equipment, broke ground earlier this month and will open during July 2010. Western Capital Resources, Inc. (712-3224020) is planning to open additional Cricket Wireless locations as part of a plan to operate 50 locations by the end of this year and 200 locations by 2011. The company currently operates 35 stores throughout IN, KS, MD, MO, NE and TX, having opened five locations in MD earlier this month, in addition to 55 payday lending outlets located in CO, IA, KS, MT, NE, ND, SD, UT, WI and WY.
Wal*Mart Stores, Inc. (479-273-4000) will open a 150,000 sq.ft. Wal*Mart Supercenter along California Way in Longview, WA. The general merchandise superstore will also feature a full grocery department, drive-thru pharmacy and garden center. The company will break ground on the store next month and plans to open it during the summer of 2010, several months after the company is scheduled to open a Wal*Mart Supercenter in Woodland, WA. The company plans to open or remodel between 142 to 157 locations nationwide during its 2010 fiscal year. Roundy’s Supermarkets, Inc. (414-231-5000) will open a Pick ‘n Save supermarket at Wyndham Village, located at the intersection of Highway 100 and Drexel Avenue in Franklin, WI, during November. The site is currently occupied Sendik’s Fine Foods, which will close next month. The opening will be the company’s second Pick ‘n Save location in Franklin. Buffalo Wild Wings, Inc. (800-499-9586) is slated to open 37 Buffalo Wild Wings restaurants this year, all within existing markets. The company currently operates 570 units nationwide.
Publix Super Markets, Inc. (863-688-1188) will open three Publix supermarkets in Dothan, AL during 2010. The company plans to open stores at: Northside Mall, located at the intersection of Ross Clark Circle and Montgomery Highway; Cottonwood Corners, located at the intersection of Cottonwood Road and Ross Clark Circle, and Westway, located at the intersection of John D. Odom Road and U.S. 84 West. The Northside Mall and Cottonwood Corners locations will open during October or November 2010, followed by the Westway location. The Northside Mall location will anchor the center and will join Stein Mart, Books-A-Million, Northside Cinemas and Home Depot. Van Cleef & Arpels S.A. (CH: +41 26 407 9511) will open a Van Cleef & Arpels jewelry boutique at The Streets of Buckhead, a luxury mixed-use center located in the Buckhead district of Atlanta, GA. The store will open with the center during the spring of 2010 and will join Hermes, Christofle, Oscar de la Renta, Loro Piana, Vilebrequin, Bottega Veneta, Etro, John Lobb, Optical Shop of Aspen, Domenico Vacca, Le Colonial, The Capital Grille, Brioni, Japonais and La Goulue. (continued on page eight)
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Buyers and Sellers Kin Properties is selling a 30,565 sq.ft. building situated on 2.85 acres along Military Road in Benton, AR. Area retail includes Wal*Mart, JCPenney, Kroger, Stage and Office Depot. Area demographics include a population of 43,359 within a five-mile radius earning an average household income of $58,359. The average daily traffic count is 10,000 vehicles. The asking price is $995,000. The company is also selling a 4,500 sq.ft. building situated on 0.34 acres along R Street in Merced, CA. Area retail includes Costco, Rite Aid, Save Mart and Home Depot. Area demographics include a population of 93,725 within a five-mile radius earning an average household income of $53,780. The asking price is $595,000. For more information regarding the AR property, contact Matthew Makler or Len Weiselberg, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-546-7767 Ext. 118/112, Fax 561955-9921; Emails: mmakler@kinproperties.com and lweiselberg@kinproperties.com; Web site: www.kinproperties.com. For more information regarding the CA property, contact Matthew Makler. Or Jake Maiorino, CoSol Commercial Real Estate; Email: jmaiorino@cosol.net. Robert P. Corso & Co., Inc. is selling a 14,691 sq.ft. center situated on 2.83 acres at the intersection of East McKellips Road and North Greenfield Road in Mesa, AZ. Wal*Mart Supercenter shadow-anchors the center. Tenants include 2B Wireless, NextCare, H&R Block, Starbucks, Café Mix and WaMu. All tenants are bound to NNN leases commenced during the last two years featuring rent escalations and multiple options. The asking price is $5.328 million with a Cap rate of 9.25%. For more information, contact Robert P. Corso & Co., Inc., 50 Church Street, Suite 111, Montclair, NJ 07042; 973744-7100, Fax 973-744-7109; Email: robertpcorso@aol.com. Konover Development Corp. is selling an eight-acre parcel located at the intersection of Route 44 and Lawton Road in Canton, CT. The company is also looking to acquire retail and mixed-use sites located within a 75-mile radius of Washington, DC. Suitable properties are those consisting of raw land or redevelopment projects. The company will also consider properties with value-added potential. For more information, contact Stan Glantz, Konover Development Corp., 135 South Road, Farmington, CT 06032; 860-284-7246, Fax 860-284-7746; Email: sglantz@konover.com; Web site: www.konover.com.
Garrison Group, Inc. is selling a 3,400 sq.ft. former Wendy’s located at the intersection of Dirksen Parkway and Clearlake Avenue in Springfield, IL. Area retail includes Starbucks, Arby’s, McDonald’s, Kmart and Walgreens. For more information, contact Roger D. Garrison, Garrison Group, Inc., 1999 Wabash Avenue, Suite 202, Springfield, IL 62704; 217-241-0202, Fax 217-241-4202; Email: roger@garrisongroupinc.com. Paramount Realty Services, Inc. acquired Brick Center Plaza, a 115,000 sq.ft. center located at the intersection of State Highway Route 70 and Chambers Bridge Road in Brick, NJ. Tenants at the time of acquisition included Bed Bath & Beyond, Best Buy, West Marine and a dark Fortunoff. The company acquired the center from Developers Diversified Realty for $14.925 million. For more information, contact Maurice Zekaria or Lee Zekaria, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732-961-8112/8132, Fax 732886-1690; Emails: mz@prs-nj.com and lzekaria@prs-nj.com; Web site: www.prs-nj.com. Rinnier Development Co. is selling a 3.9-acre parcel suitable for mixed-use development located along the waterfront in Ocean City, MD. The asking price is $18.5 million. The company is also selling a 1.29-acre parcel adjacent to the above parcel in Ocean City, MD. The asking price is $8.99 million. For more information, contact Blair Rinnier, Rinnier Development Co.; 410-742-8151, Fax 410-742-8153; Email: brinnier@rinnier.com; Web site: www.rinnier.com. Marathon Interests, LLC is selling a 4,022 sq.ft. former Chili’s site situated on a one-acre outlot at the intersection of U.S. Highway 59 and FM 102 in Wharton, TX. Wal*Mart Supercenter shadow-anchors the site. The asking price is $1 million. For more information, contact Thomas Dunn, Marathon Interests, LLC, 5090 Richmond Avenue, Suite 101, Houston, TX 77056; 713-776-1346, Fax 713-493-2392; Email: tdunn@marathoninterests.com. Keller Williams is looking to acquire retail properties located throughout Hartford County, CT. Suitable properties are priced below $2.5 million. The company will consider properties with value-added potential. For more information, contact Kyle P. Richards, Keller Williams, 29 South Main Street, West Hartford, CT 06107; 860919-6972, Fax 860-313-0302; Email: kylerichards@kw.com. www.dealmakers.net
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Calkain Cos., Inc. is selling a 14,560 sq.ft. Walgreens site located in Sarasota, FL. The tenant is bound to a 25-year NNN lease set to expire during May 2034 featuring 50, one-year options. The NOI is $415,000. The asking price is $5.608 million with a Cap rate of 7.4%. For more information, contact David Sobelman, Calkain Cos., Inc., 500 North West Shore Boulevard, Suite 605, Tampa, FL 33609; 813-282-6000; Email: dsobelman@calkain.com; Web site: www.calkain.com. Remax Commercial is selling a 1,200 sq.ft. building and 4,000 sq.ft. building situated on one acre in Bloomington, CA. The asking price is $875,000. The company is also selling a two-building 3,300 sq.ft. center situated on a land area of 7,800 sq.ft. in Colton, CA. The asking price is $349,000. The company is also selling a 2,200 sq.ft. building situated on one acre in Loma Linda, CA. The asking price is $529,000. The company is also selling a 1,500 sq.ft. building located in San Bernardino, CA. The asking price is $239,000. For more information, contact Debbie Hanna, Remax Commercial; 909528-2512, Fax 866-497-3945; Email: realestate@debbiehanna.com; Web sites: www.debbiehanna.com and www.bestbuyrestaurantequipment.com. Renaissance Real Estate Co. is looking to acquire single-tenant, freestanding and strip center sites located throughout New England. Suitable properties feature tenants bound to NNN leases, have occupancy rates above 90% and are priced between $2 million and $8 million with Cap rates above 8%. For more information, contact Al Kozhuk, Renaissance Real Estate Co., PO Box 128, Lynnfield, MA 01940; 781-334-2476, Fax 781-334-2421; Email: renaisre@aol.com. NAI Friedland Realty is selling an 18,000 sq.ft. center, including a 14,000 sq.ft. twolevel building and a 4,000 sq.ft. freestanding building, situated on 1.84 acres along Route 202/Crompond Road in Cortland Manor, NY. The freestanding 4,000 sq.ft. building is occupied by a tenant for an annual rent of $40,000 and taxes of $10,000. Area demographics include a population of 151,665 within a seven-mile radius earning an average household income of $123,592. The average daily traffic count is 19,000 vehicles. The asking price is $2.2 million. For more information, contact Rick Stassa, NAI Friedland Realty, Inc., 656 Central Park Avenue, Yonkers, NY 10704; 914-968-8500, Fax 914-968-1810; Email: rickstassa@friedlandrealty.com. DM
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July 31, 2009
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Exclusives and Leasing Assignments
Food Retailers Expand Nationwide
Neal Realty & Investments, Inc. (954568-0530) represents Rita’s Water Ice Franchise Co., LLC in the chain’s expansion throughout Plantation and Weston, FL. The water ice parlors occupy spaces of 600 sq.ft. to 1,500 sq.ft. in freestanding buildings, pad sites and endcaps and inline spaces of shopping centers. Preferred demographics include a population of 25,000 within a three-mile radius. The preferred average daily traffic count is 15,000 vehicles. Goodman Real Estate Services Group, LLC (216-381-8200) represents Revol Wireless in the chain’s expansion throughout Akron, Canton, Cleveland, Columbus, Toledo and Youngstown, OH. The cellular phone stores occupy spaces of 500 sq.ft. to 1,500 sq.ft. in freestanding locations and endcap and inline spaces of local and regional shopping centers. Preferred demographics include a population of 7,000 within a one-mile radius earning a median household income between $25,000 and $75,000. Preferred cotenants include Wal*Mart, Target, grocery stores, dollar stores, discount retailers and D check cashing stores. M Check out our NEW Jobs Forum!
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July 31, 2009
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T.G.I. Friday’s operates 500 locations nationwide. The restaurants and bars occupy spaces of 6,800 sq.ft. in freestanding locations and pad sites. Growth opportunities are sought throughout seven counties of northern NJ during the coming 18 months, with representation by The Vanguard Group. Preferred cotenants include movie theaters, hotels and office parks. A land area of 1.75 acres is required. Fresh & Wholesome operates five locations throughout NJ. The health food cafes and grocery stores occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in suburban areas and freestanding locations. Plans call for three openings throughout the existing market during the coming 18 months, with representation by The Vanguard Group. The company prefers to locate in areas with affluent demographics. For more information, contact Neal Richards, The Vanguard Group, 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15, Fax 973-966-0123; Email: realnj@vanguardsite.com; Web site: www.vanguardsite.com. Squeeze USA operates 10 locations throughout CA, CO, TX and VA. The juice and smoothie shops occupy spaces of 800 sq.ft. to 1,600 sq.ft. in endcap spaces with a drivethru in strip centers. Growth opportunities are sought throughout Los Angeles, Orange, San Fernando Valley and Ventura, CA during the coming 18 months, with representation by InSite Realty Group. Preferred cotenants include national bookstores, national coffee shops, grocery stores, toy stores, pet stores, health clubs and gyms and high-end retailers. Preferred demographics include a trade area population of 5,000 earning $45,000 as the average household income. For more information, contact Jonathan Tsai or Bethany Scheffer, InSite Realty Group, 28506 Constellation Road, Valencia, CA 91355; 661-438-5005; Emails: jt@insiterg.com and bscheffer@insiterg.com; Web site: www.insiterg.com. Kahala Corp. trades as Frullati Café and Bakery and Rollerz at 75 locations throughout AR, CA, FL, IL, IN, LA, MI, MN, MO, MS, NM, OH, OK, OR, TN, TX and WA. The restaurants, offering sandwiches, smoothies and bakery items, occupy spaces of 600 sq.ft. in malls and 1,000 sq.ft. in power centers. Plans call for 30 openings nationwide during the coming 18 months. The company will also consider locations in office buildings. For more information, contact Jerry Conklin, Kahala Corp., 9311 East Via de Ventura, Scottsdale, AZ 85258; 480-4430200 Ext. 4314, Fax 480-443-1972; Email: realestate@kahalacorp.com; Web site: www.frullati.com.
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Panera Bread operates 1,185 locations nationwide. The bakeries and cafes occupy spaces of 4,200 sq.ft. to 4,500 sq.ft. in freestanding locations and endcap spaces in entertainment, lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout VA during the coming 18 months, with representation by Thalhimer, Cushman & Wakefield. Typical leases run 10 years. A vanilla shell and specific improvements are required. A land area of one acre is required for freestanding locations. Preferred cotenants include Target and Wal*Mart. Major competitors include Atlanta Bread Co. and Au Bon Pain. Preferred demographics include a population of 20,000 within two miles earning $50,000 as the average household income. For more information, contact Connie Nielsen, Thalhimer, Cushman & Wakefield, PO Box 702, Richmond, VA 23218-0702; 804-697-3569, Fax 804-697-3479; Email: connie.nielsen@thalhimer.com; Web site: www.panerabread.com. Starbucks operates 15,000 locations nationwide and internationally. The coffee shops occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in downtown areas, office buildings and endcap spaces in shopping centers. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Northwest Atlantic Real Estate Services, LLC. Typical leases run 10 years with options. For more information, contact David Firestein, Northwest Atlantic Real Estate Services, LLC, 711 Westchester Avenue, 2nd Floor, White Plains, NY 10604; 914-3282222; Email: david@nwatlantic.com; Web site: www.northwestatlantic.com. Bruster’s Real Ice Cream operates 262 locations throughout AL, AR, CT, DE, FL, GA, IN, KY, MD, MS, NC, NH, NJ, NY, OH, PA, SC, TN, TX, VA and WV. The oldfashioned ice cream shops occupy spaces of 1,200 sq.ft. in freestanding locations and endcap spaces with a drive-thru. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with one or three five-year options. Specific improvements are required. The company is franchising. For more information, contact Jim Graham, Bruster’s Real Ice Cream, 730 Mulberry Street, West Bridgewater, PA 15009; 864-706-1633, Fax 724-774-0666; Email: jgraham796@aol.com; Web site: D M www.brusters.com.
Home-Related Chains Expand Nationwide
Lease Signings The Broadbent Co. (317-237-2900) signed a lease renewal along with a lease for an expansion space with Chuck E. Cheese’s for 15,350 sq.ft. at Eastland Place, a 202,026 sq.ft. center located on Green River Road in Evansville, IN. The company also signed a lease with Tienda Cholula for 1,842 sq.ft. at Greenwood Shoppes, located in Indianapolis, IN. The tenant joins Uncle Bill’s Pet Center, Men’s Wearhouse, Factory Card Outlet, Computer Renaissance and Half Price Books. The company also signed a lease with Elan Technologies for 900 sq.ft. at River Ridge Crossing, located in Indianapolis, IN. The tenant joins Arni’s Restaurant, Women’s Fine Furnishings, Blu Martini, Stelloz Salon and Spa and Jimmy John’s. The company also signed a lease with Celebrations for 13,790 sq.ft. at Village at Time Corners, located in Ft. Wayne, IN. The tenant joins Stein Mart, Uncle Bill’s Pet Center, Chops Restaurant, Cellular Connection, Wooden Nickel and Healthkick. Sansone Group (314-727-6664) negotiated a lease with One Hour Cleaners for 1,600 sq.ft. at South Lakeview Plaza, located on Lemay Ferry Road in St. Louis, MO. The company represented the landlord, South Lakeview Plaza 1, LLC, in the transaction. The company also negotiated a lease with RadioShack Corp. for a 2,274 sq.ft. RadioShack at Buzz Westfall Plaza on the Boulevard, located on West Florissant Avenue in Jennings, MO. The company represented the landlord, Sansone Plaza on the Boulevard, in the transaction. The company also negotiated a lease with Beauty Brands, Inc. for 6,790 sq.ft. at Shoppes at Cross Keys, located on New Halls Ferry Road in Florissant, MO. The company represented the landlord, Sansone Cross Keys, LLC, in the transaction. SRS Real Estate Partners (949-698-1110) negotiated a lease with Total Wine & More for 25,000 sq.ft. at Foothill Crossing, located in Rancho Cucamonga, CA. Terranova Corp. (305-695-8700) negotiated a lease with M-M Couture for 464 sq.ft. at Kendall Mall, located on Southwest 107th Avenue in Miami Beach, FL. CB Richard Ellis (407-839-3158) negotiated a five-year lease with Party Land for 2,835 sq.ft. at Red Willa Plaza, located at the intersection of Red Bug Lake Road and Tuskawilla Road in Winter Springs, FL. The company represented the tenant and Stiles Realty Co. represented the landlord, GRE Red Willa, LLC, in the transaction.
BC Development (212-260-5210) negotiated a lease with Five Guys Famous Burgers and Fries for 1,700 sq.ft. on Third Avenue between 43rd Street and 44th Street in Manhattan, NY. The company represented the tenant in the transaction. NAI Friedland Realty, Inc. (914-968-8500) negotiated a lease with Applebee’s for 7,000 sq.ft. at Fordham Plaza in Bronx, NY. The company also negotiated a lease with Arthur Murray Dance Studio for 2,700 sq.ft. on Main Street in Mt. Kisco, NY. The company also negotiated a lease with Camper for 2,380 sq.ft. at the intersection of 59th Street and Madison Avenue in New York, NY. Primestor Development (312-345-4700) negotiated lease with Jewel-Osco and Anna’s Linens for space at Marshfield Plaza, a 454,000 sq.ft. regional center located in the South Side area of Chicago, IL. The tenants join Target and Marshalls. KeyPoint Partners, LLC (781-273-5555) negotiated a lease with Eileen Fisher for 5,113 sq.ft. at Wayside Commons, a lifestyle center located at the intersection of Wayside Road and South Bedford Street in Burlington, MA. The tenant joins L.L. Bean, Ann Taylor Loft, Borders, Carter’s, Coldwater Creek, New York & Co., Lane Bryant/Cacique, Justice Just For Girls, Arhaus Furniture, The Capital Grille, CitiBank, Cold Stone Creamery, For Eyes, Ginger Pad, Green Tangerine Spa & Salon, Jared – The Galleria of Jewelry, Massage Envy, New Balance, Not Your Average Joe’s, Omaha Steaks, Relax the Back, Stellabella Toys, Swoozie’s and West Elm. NAI San Diego (619-497-2255) negotiated a five-year lease with The Cargo Company for 1,464 sq.ft. on South Cedros Avenue in Solana Beach, CA. The company represented the tenant in the transaction. The Grossman Cos., Inc. (617-472-2000) negotiated a lease with Critter Hut for 2,613 sq.ft. at Kingstown Plaza, an 87,500 sq.ft. center located on Route 1A/Post Road in North Kingstown, RI. The tenant joins T.J. Maxx, HomeGoods, Dollar Tree, Lucky Nails, Pier Pizza and Weight Watchers. Transwestern Retail (202-775-7000) negotiated a lease with Galileo by Chef Roberto Donna for space at Hamilton Square, located on 14th Street Northwest in Washington, DC. The company represented the landlord, Shorenstein, in the transaction. DM www.dealmakers.net
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English Butler operates 25 locations throughout Canada. The stores, selling giftware and home decorating accessories including afghans, pewter items, framed prints, accent lamps, crystal items, dinnerware linens, social stationary and collectibles, occupy spaces of 2,200 sq.ft. to 4,500 sq.ft. in malls and power centers. Growth opportunities are sought throughout eastern Canada during the coming 18 months, with representation by Retail Strategy Group, Inc. Preferred cotenants include department stores. The company is franchising. For more information, contact Nick Assad, Retail Strategy Group, Inc., 88 Whitehall Road, Toronto, Ontario, Canada M4W 2C7; 416-966-9802, Fax 416-619-5431; Email: nassad@retailstrategygroup.com; Web site: www.retailstrategygroup.com. Ace Hardware operates 5,000 locations nationwide and internationally. The hardware stores occupy spaces of 10,000 sq.ft. to 17,200 sq.ft. in freestanding suburban locations and 6,500 sq.ft. to 10,000 sq.ft. in freestanding urban locations. Growth opportunities are sought throughout IL along the border of WI south to Route 24 and from its border with IN to its border to IA during the next 18 months, with representation by Baum Realty Group. For more information, contact Allen Joffe, Baum Realty Group, 1030 West Chicago Avenue, Suite 200, Chicago, IL 60622; 312275-3120; Email: allen@baumrealty.com; Web site: www.acehardware.com. Great Gatherings operates two stores throughout Washington, DC. The furniture stores occupy spaces of 17,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for one opening in the greater Washington, DC area during the coming 18 months, with representation by The Bieri Co. The company prefers to locate in affluent markets. For more information, contact Alex Bieri, The Bieri Co., 660 Woodward Avenue, Suite 1500, Detroit, MI 48226; 313-962-2800, Fax 313-962-5070; Email: abieri@biericompany.com. Galeria Art & Home Décor operates 12 locations throughout FL. The stores, selling home furnishings, occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in neighborhood and power centers. Growth opportunities are sought throughout southeastern FL during the next 18 months, with representation by Horizon Properties. For more information, contact Eileen Cardelle, Horizon Properties, 7785 Northwest 146th Street, Miami Lakes, FL 33016; 305342-7018 or 305-364-9945 Ext. 21. DM
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Who’s Opening and Where (continued from page four)
Best Buy Co., Inc. (612-291-1000) plans to open 40 of its standalone mobile phone stores this fiscal year, as part of a plan for the company to capture 15% of the total mobile phone sales in the U.S. The company is also developing a new floorplan concept for its full-scale Best Buy locations. The new floorplan highlights the company’s service offerings by placing Geek Squad stations in the center of the store with the rest of the show floor filled with room vignettes highlighting the store’s consumer electronics and appliance offerings. Dress Barn, Inc. (845-369-4500) has acquired Tween Brands, Inc., operator of 908 Justice stores nationwide. The apparel stores cater to girls age seven to 14. Dress Barn, Inc. currently operates 841 dressbarn stores and 716 Maurices stores, with both concepts catering to young and professional women. With the acquisition, the company operates 2,465 stores nationwide and looks to expand the Justice brand to 1,000 stores during the next three to five years by placing stores in outlet centers where dressbarn and Maurices have a presence. EVOS USA, Inc. (813-258-0005) plans to open four EVOS restaurants throughout the Atlanta, GA metropolitan area this year, including a location at Prado, located along Roswell Road in Sandy Springs, GA, that opened last month. The company plans to open a restaurant at Viewpoint, a mixed-use center located in the Midtown area of Atlanta, next month. The restaurants, preparing burgers and fries in custom ovens rather than grills or fryers to reduce fat, offer items prepared with freerange beef and organic ingredients. Petsmart, Inc. (623-580-6100) plans to open 40 PetSmart stores annually during the next several years. Kohl’s Corp. (262-703-7000) is planning to open a Kohl’s location at Lakeside Shopping Center, located along Belt Line Road in Collinsville, IL. The store will occupy a former Wal*Mart site, and potential modifications to the property may include expanding into adjacent shop space or tearing down the existing building and rebuilding on the site. Urban Outfitters, Inc. (215-454-5500) will open an Anthropologie location at Eastview Mall in Rochester, NY. The store, selling women’s apparel and accessories along with home décor, is slated to open later this year in time for the holiday season. The company currently operates 90 Anthropologie locations nationwide and throughout Canada. page 8
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Dollar General Corp. (615-855-4000) will open a Dollar General location along East Main Street in Sophia, WV sometime during the next several months, though the company has not set an official opening date. The company currently operates 8,400 discount merchandise stores nationwide throughout 35 states. Yogen Fruz, USA, Inc. (905-479-8762), through franchisee YF of Upstate New York, plans to open 15 locations throughout Buffalo, NY during the next five years. The franchisee opened its first location in the area, at Eastern Hills Mall in Clarence, earlier this month and will open a location at Boulevard Mall in Amherst late next month. The company also expects to open 15 locations throughout the Rochester, NY area; eight throughout Syracuse, NY and 60 locations throughout the remainder of upstate NY during the next five years. The company currently operates 1,100 frozen yogurt parlors nationwide and internationally. Five Guys Enterprises, LLC (703-339-9500) may open a Five Guys Famous Burgers and Fries restaurant in a proposed 16,000 sq.ft. center located at the intersection of 3rd Street and 2nd Avenue in Jacksonville Beach, FL. The proposed center is under review by the city’s planning and development board. Earth Fare, Inc. (828-281-4800) will open an Earth Fare organic grocery store at Gunbarrel Pointe, located in Chattanooga, TN. The store will occupy the former Goody’s site in the center and is slated to open during January 2010. The opening will be the company’s second in the city. Papa Murphy’s International, Inc. (360-2607272) plans to open 102 Papa Murphy’s locations this year. The company currently operates 1,148 of the pizza parlors, serving made-to-order bake-at-home pizzas, nationwide, including 55 company-owned stores. Meijer, Inc. (616-453-6711) is developing a smaller-footprint Meijer concept and is scheduled to open the first small store along West Golf Road in Niles, IL during the first quarter of 2010. The 102,000 sq.ft. store is approximately half the size of traditional Meijer locations and will be grocery- and pharmacy-focused. The company currently operates 189 supercenters, featuring produce, meat and grocery departments along with pharmacies and electronics, garden and apparel departments, throughout IL, IN, KY, MI and OH. DM
Lead Sheet Ashland, Inc. dba Valvoline Instant Oil Change Dennis Hill 3499 Blazer Parkway Lexington, KY 40509 859-357-7881, Fax 859-357-7049 Email: dhill@ashland.com
Automotive The 850-unit chain operates locations nationwide. The automotive service centers occupy spaces of 1,900 sq.ft. to 2,500 sq.ft. in freestanding locations and pad sites of mixed-use and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 15 years with options. The company is franchising.
OCH International, Inc. dba Oil Can Henry’s Robert Bailey 19150 Southwest 90th Avenue Tualatin, OR 97062 503-783-3888, Fax 503-783-3850 Web site: www.oilcanhenry.com
Automotive The 84-unit chain operates locations throughout AZ, CA, CO, ID, MN, OR and WA. The automotive service centers occupy freestanding locations and pad sites of malls, power and value centers and urban/downtown areas situated on a land area of 15,000 sq.ft. Growth opportunities are sought throughout CA, CO, ID, MN, OR and WA during the coming 18 months. Typical leases run 15 years. The company will lease or acquire sites and prefers to locate at signalized intersections. Specific improvements are required. Major competitors include Jiffy Lube.
Barnes & Noble, Inc. dba Barnes & Noble David Deason 1501 LBJ Freeway, Suite 290 Dallas, TX 75234 972-892-4208, Fax 972-484-4488
Books The 700-unit chain operates locations nationwide. The book stores occupy spaces of 27,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought nationwide during the coming 18 months.
Books, Inc. dba Books, Inc. and Compass Books, Inc. Michael Tucker 1501 Vermont Street San Francisco, CA 94107 415-643-3400, Fax 415-643-2044 Web site: www.booksinc.net
Books The 10-unit chain operates locations throughout CA. The book stores occupy spaces of 3,000 sq.ft. to 4,500 sq.ft. in neighborhood centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 50,000 within five miles earning $60,000 as the average household income. Major competitors include Barnes & Noble.
Evans Oil Co. dba Chevron Brad Lemoine PO Box 432 Monroe, LA 71210 318-343-3942, Fax 318-343-8406
Convenience The 40-unit chain operates locations throughout LA. The convenience stores, with gasoline facilities, occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
GEO H. Green Oil, Inc. dba Greenway Stores John Davis PO Box 127 Fairburn, GA 30213 770-964-6125 Web site: www.greenoilco.com
Convenience The 100-unit chain operates locations throughout GA. The convenience stores occupy spaces of 3,000 sq.ft. in freestanding locations and tourist centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include fast food restaurants. A land area of one to 10 acres is required for freestanding locations.
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Lead Sheet HN Funkhouser & Co. dba Handy Mart Bob Claytor PO Box 2038 Winchester, VA 22604 540-662-9000, Fax 540-662-8165
Convenience The 20-unit chain operates locations throughout VA and WV. The convenience stores, with gasoline facilities, occupy spaces of 2,100 sq.ft. to 6,800 sq.ft. in freestanding locations. Growth opportunities are sought throughout the northern Shenandoah Valley area of VA during the coming 18 months. Typical leases run 10 to 15 years. A land area of 1.5 to four acres is required.
Ulta, Inc. dba Ulta Rick Franz 10575 North 114th Street, Suite 103 Scottsdale, AZ 85259 480-344-7710 Email: rick.franz@ultainc.com Web site: www.ulta.com
Cosmetics The 320-unit chain operates locations nationwide throughout 36 states. The stores, offering cosmetics and beauty supplies and also featuring a salon in every location, occupy spaces of 10,000 sq.ft. in power centers. Growth opportunities are sought throughout major metroplexes and single-store markets throughout TX during the coming 18 months.
Fruth Pharmacy, Inc. dba Fruth Pharmacy Bob Messick 4016 Ohio River Road Point Pleasant, WV 25550 304-675-1612, Fax 304-675-7338
Drug Store The 25-unit chain operates locations throughout OH and WV. The stores, offering general merchandise and health items, occupy spaces of 11,000 sq.ft. in freestanding locations. Plans call for three openings throughout KY, OH and WV during the coming 18 months. A land area of 1.25 acres is required. Specific improvements are required. Preferred demographics include a population of 20,000 within five miles earning $25,000 as the average income. Major competitors include CVS and RiteAid. The company prefers to acquire sites.
Radio Shack Jeremy Isaacs c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-2514 Email: jisaacs@ripcony.com Web site: www.ripcony.com
Electronics The 6,000-unit chain operates locations nationwide. The electronics stores occupy spaces of 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout Brooklyn, Bronx, Long Island and Queens, NY during the coming 18 months, with representation by Ripco Real Estate.
Great Escape Theatres Anne Ragains c/o Aliance Management 300 Professional Court, Suite 200 New Albany, IN 47150 812-945-4006, Fax 812-945-4076 Email: aragains@alianceent.com Web site: www.greatescapetheatres.com
Entertainment The 24-unit chain operates locations throughout GA, IL, IN, KY, MO, NE, OH, PA, TN and WV. The movie theaters occupy spaces of 40,000 sq.ft. to 80,000 sq.ft. in malls and entertainment, lifestyle and power centers. Growth opportunities are sought east of the Rocky Mountains during the coming 18 months, with representation by Aliance Management. Typical leases run 15 to 20 years with options. Preferred demographics include a population of 150,000 within 10 miles earning $70,000 as the average household income. Major competitors include AMC Theaters, Regal Cinemas and Cinemark.
Hastings Entertainment, Inc. dba Hastings Entertainment Brian Dausses 3601 Plains Boulevard Amarillo, TX 79102 806-677-1443, Fax 806-351-2545 Email: brian.dausses@gohastings.com Web site: www.gohastings.com
Entertainment The 154-unit chain operates locations throughout the Midwest and Northwest, in addition to KY and TN. The stores, offering new and used CD’s, books, videos and video games, as well as video and video game rentals, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in freestanding locations and strip centers. Plans call for two openings throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred demographics include a population of 45,000 within five miles. Major competitors include Barnes & Noble. A land area of two acres is required for freestanding locations. The company prefers to locate in medium-size markets.
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Lead Sheet Lifestyle Family Fitness Belinda Lombardo 140 Fountain Parkway, Suite 410 St. Petersburg, FL 33716 727-456-3100, Fax 727-456-3112 Email: blombardo@lff.com Web site: www.lff.com
Fitness The 50-unit chain operates locations throughout FL, IN, NC and OH. The fitness centers occupy spaces of 32,000 sq.ft. to 48,000 sq.ft. in endcaps and freestanding locations. Plans call for 10 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 8,000 within three miles earning $75,000 as the median household income.
Snippet’s Mini Cuts Allen Joffe and Lara Keene c/o Baum Realty Group 1030 West Chicago Avenue, Suite 200 Chicago, IL 60642 312-275-3120/3138, Fax 312-666-7970 Emails: allen@baumrealty.com and lara@baumrealty.com Web site: www.baumrealty.com
Hair The three-unit chain operates locations throughout Chicago, Lombard and Northbrook, IL. The children’s hair salons occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in downtown areas and malls. Growth opportunities are sought throughout Lakeview, IL during the coming 18 months, with representation by Baum Realty Group.
Dr. Barnes Eyemart Express dba Eyemart Express, Vision 4 Less, Visionmart Express and Eyewear Express Jonathan Herskovitz 2110 Hutton Drive, Suite 100 Carrollton, TX 75006 Email: jherskovitz@eyemartexpress.com Web site: www.eyemartexpress.com
Optical The 90-unit chain operates locations throughout AL, IA, ID, IL, IN, LA, MO, MS, MT, ND, NM, OK, PA, SD, TX and WI. The eyecare centers occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in malls and strip centers. Growth opportunities are sought nationwide in small markets during the coming 18 months.
R/X Optical Laboratories, Inc. dba R/X Optical Laboratories George Jepson 1700 South Park Street Kalamazoo, MI 49001 269-342-0003, Fax 269-342-4284 Email: george@rxoptical.com Web site: www.rxoptical.com
Optical The 43-unit chain operates locations throughout IN and MI. The eyecare centers, offering optical merchandise and related services, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout MI during the coming 18 months.
Allen-Edmonds Shoe Corp. Steve Grimm 201 East Seven Hills Road Port Washington, WI 53074 800-334-5564 Web site: www.allenedmonds.com
Shoes The 29-unit chain operates locations throughout AZ, CA, CO, CT, FL, IL, MA, ME, MI, NC, NE, NJ, NY, OH, TX, VT, WI and Washington, DC. The men’s shoe stores occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in malls and lifestyle, specialty and strip centers, in addition to street fronts. Growth opportunities are sought nationwide during the coming 18 months.
Fabco Enterprises, Inc. dba Fabco Shoes David Weinman 52-55 74th Street Elmhurst, NY 11373 718-898-4200 Ext. 115, Fax 718-507-7403 Email: terryd@fabshoes.com
Shoes The 60-unit chain operates locations throughout NJ and NY. The stores, offering shoes, handbags and related accessories, occupy spaces of 2,500 sq.ft. in freestanding locations, malls and entertainment, lifestyle, outlet, power, specialty and value centers, in addition to urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years. Major competitors include Payless ShoeSource and Wal*Mart.
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Lead Sheet Rangoni U.S. Corp. dba Rangoni Firenze 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 locations throughout AZ, CA, FL, GA, MD, NC, SC, TN and TX. The men’s and women’s shoe stores occupy spaces of 2,000 sq.ft. in freestanding locations, lifestyle and outlet centers and urban/downtown areas. Growth opportunities are sought throughout 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.
Warehouse Shoe Sale Sam Kangavari or Stefan Siegel c/o Rosano Partners 888 South Figueroa Street, Suite 1410 Los Angeles, CA 90017 213-802-0300, Fax 213-489-1918 Email: skangavari@rosanopartners.com Web site: www.rosanopartners.com
Shoes The 51-unit chain operates locations throughout southern CA. The stores, offering namebrand footwear for the entire family, as well as apparel and accessories, occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in endcaps, freestanding locations and outparcels. Plans call for 10 openings throughout the existing market during the coming 18 months, with representation by Rosano Partners.
Professional Culinary Institute Ira Spilky c/o Ira Spilky & Associates 2566 Overland Avenue, Suite 660 Los Angeles, CA 90064 310-558-3241 Email: ira@iraspilky.com
Specialty The two-unit chain operates locations in CA and FL. The centers, offering job training for the culinary arts, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Ira Spilky & Associates. The company will consider second-floor space, as well as conversions of existing restaurant spaces.
Sabon NYC dba Sabon Sara Stevens 38 Green Street, Suite 5A New York, NY 10013 212-473-1009, Fax 212-473-0702 Email: sabon@sabonnyc.com Web site: www.sabon.com
Specialty The 12-unit chain operates locations throughout Chicago, IL; Boston, MA and NY. The stores, offering bath and cosmetic products, occupy spaces of 1,500 sq.ft. in downtown areas. Growth opportunities are sought throughout New York, NY during the coming 18 months. Typical leases run 10 years. Preferred cotenants include high-end apparel retailers. Major competitors include Aveda and Lush. The company prefers to locate in upscale markets.
Eastern Mountain Sports Brian Katz c/o Katz & Associates One Blue Hill Plaza, Suite 1440 Pearl River, NY 10965 845-735-6666, Fax 845-735-6680 Email: briankatz@dkatz.com Web site: www.ems.com
Sporting Goods The 65-unit chain operates locations throughout CT, DE, MA, MD, ME, NH, NJ, NY, PA, RI, VA and VT. The stores, offering sporting goods and related apparel, occupy spaces of 15,000 sq.ft. in freestanding locations and lifestyle, power and strip centers. Growth opportunities are sought throughout the mid-Atlantic and northeastern regions during the coming 18 months, with representation by Katz & Associates.
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 12
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Glendale – Fry’s Plaza, a 120,000 sq.ft. center located at the intersection of 43rd Avenue and Bethany Home Road, has spaces available of 2,100 sq.ft. and 5,220 sq.ft. Fry’s Supermarket anchors the center and cotenants include Stressed Out, Milla’s Hair Salon, Ali Market, Panda Express, Fallas-Paredes, RadioShack, H&R Block, GameStop, All American Barber Shop, Play It Again Sports, Big Dollar, Subway, Water & More, The Smoke Shop, April’s Nails, The UPS Store, Phoenix Check Cashers, El Pollo Loco and Jack in the Box. Area demographics include a population of 554,385 within five miles earning $48,265 as the average household income. The average daily traffic count is 100,000 vehicles. Phoenix – Marbella Plaza, a 70,800 sq.ft. center located at the intersection of 29th Avenue and Bell Road, has spaces available from 1,320 sq.ft. to 32,250 sq.ft. along with a pad site. Cotenants include Good Egg, Vantage West, PNB, India Palace and Oak Arizona. Area demographics include a population of 357,031 within five miles earning $67,007 as the average household income. The average daily traffic cont is 55,000 vehicles. Also, Greenway Village, located at the intersection of Greenway Road and 32nd Street, has spaces available of 1,200 sq.ft.; 1,250 sq.ft.; 2,857 sq.ft. and 2,941 sq.ft. Fresh & Easy Neighborhood Market anchors the center and cotenants include Taco Bell, Sardella’s Pizza, Play It Again Sports, Brass Winds, Other Mothers and With Child. Area demographics include a population of 313,153 within five miles earning $85,271 as the average household income. Also, Phoenix West Plaza, a 171,689 sq.ft. center located at the intersection of Indian School Road and 43rd Avenue, has spaces available from 1,215 sq.ft. to 20,000 sq.ft. along with a 68,000 sq.ft. pad site available for ground lease. Food City and Generation X anchor the center. Cotenants include EZ Payday, La Gran Bota, 99 Cent Store, Loraynes Salon, Bonita Fashion, Stevens Shoes, Payless ShoeSource, Shuttle, John Jone, T.J. Nails and Sun West. Area retail includes Danny’s Car Wash, Burger King and Taco Bell. Area demographics include a population of 514,700 within five miles earning $50,012 as the average household income. Tempe – Tempe Village, located at the intersection of Priest and Southern Avenue, has spaces available of 1,200 sq.ft.; 1,550 sq.ft.; 2,891 sq.ft. and 3,498 sq.ft. REI anchors the center and cotenants include Schlotzsky’s, Golden Egg, Beads Galore, Cash 1, Taco Nazo, AZ School of Massage Therapy and Epiphany Fitness. Area demographics include a population of 292,484 within five miles
earning $55,397 as the average household income. The average daily traffic count is 62,250 vehicles. For details, contact Arizona Partners, El Dorado Square, 6621 North Scottsdale Road, Scottsdale, AZ 85250; 480-368-0111, Fax 480-368-0444; Web site: www.azpre.com.
California Anaheim Hills – Canyon Village Plaza, a 112,451 sq.ft. center located at the intersection of Imperial Highway and La Palma Avenue, has a 1,950 sq.ft. restaurant space available along with a 6,450 sq.ft. pad site with drive-thru. Cotenants include Wholesome Choice Market, Carl’s Jr., Marie Callender’s and Baskin Robbins. Brea – Brea Gateway, a 181,854 sq.ft. center located at the intersection of Imperial Highway and Brea Boulevard, has two endcap spaces available of 1,300 sq.ft. and 6,000 sq.ft. Ralph’s, Rite Aid and Cost Plus World Market anchor the center. Cotenants include Starbucks, Golden Spoon Yogurt and Corner Bakery. Area retail includes Birch Street Promenade. Compton – Compton Town Center, a 196,450 sq.ft. center located at the intersection of Compton Boulevard and Alameda Street, has a 7,500 sq.ft. pad site available. Cotenants include Ralph’s, dd’s Discounts, CVS, Burger King and Starbucks. Area demographics include a population of 800,000 within five miles. Van Nuys – Van Nuys Center Shops, a 181,854 sq.ft. center located at the intersection of Sherman Way and Van Nuys Boulevard, has a 5,330 sq.ft. endcap space available. Cotenants include Albertsons, Subway, Papa John’s and Pollo Campero. Area demographics include a population of 300,000 within three miles. For details regarding the Brea and Compton properties, contact Stacy Aguirre, Watt Cos., 2716 Ocean Park Boulevard, Suite 3040, Santa Monica, CA 90405; 310-314-2579; Email: saguirre@wattcompanies.com; Web site: www.wattcompanies.com. For details regarding the Anaheim Hills property, contact Stacy Aguirre or Karin Gilbert; 310-3142466; Email: kgilbert@wattcompanies.com. For details regarding the Van Nuys property, contact Peter Kay, Wilson Commercial Real Estate; 310-694-3186; Email: pkay@wcre.net. Carson – SouthBay Pavilion, a 1.1-million sq.ft. enclosed mall situated on 71.79 acres on Avalon Boulevard between 405 Freeway, 110 Freeway, 710 Freeway and 91 Freeway, has space available. Sears, JCPenney, Target (continued on page fourteen) www.dealmakers.net
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Real Estate Professionals Making the News Albrecht, Inc. (330-376-6677) promoted Joseph B. Albrecht from manager of the company’s retail property portfolio to director of retail properties. He will oversee and manage the company’s portfolio, consisting of properties located throughout the Akron, OH metropolitan area and northeastern OH. The company is a privately-held real estate company in Akron, OH with more than four million sq.ft. of retail and industrial real estate under its ownership and management. Metro 1 Properties, Inc. (305-571-9991) hired Ruben Matz as a senior urban associate. The company is a boutique fullservice commercial real estate brokerage firm located in Miami, FL. McKinley (734-769-8520) promoted Matthew D. Mason to senior vice president, commercial client services. He will manage a team of eight commercial portfolio and asset managers in addition to his duties of relationship management, commercial portfolio management and redevelopment, lease negotiation and acquisition and disposition of new assets. NAI San Diego (619-497-2255) hired Geri Savitt as associate vice president. She will work with clients in the sale, purchase and leasing of retail, office and medical/dental properties throughout the San Diego, CA area. Prior to joining the company, Savitt served as a leasing agent at Award Commercial Properties. Sierra Capital Holdings (312-422-7744) appointed John Butler as president of Durango Real Estate Investments, the company’s acquisition division. The division will focus on acquiring real estate assets and loans collateralized by real estate both for stabilized and value-added properties, including mixed-use properties ranging in price from $2 million to $20 million. Prior to joining the company, Butler served as senior vice president of Broe Real Estate Group. Grubb & Ellis Co. (312-698-6735) hired Frank Scherer as vice president, retail group. He will support local and national clients as they restructure their real estate holdings in bankruptcy proceedings or reorganization efforts. Prior to joining the company, Scherer served as vice president of real estate with American Blue Ribbon Holdings, LLC. DM
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Dealmakers
July 31, 2009
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Sources of Financing United Financial Lender provides financing in amounts ranging from $200,000 to $25 million for mixed-use and retail projects, with interest rates starting at 6%. Financing for owner-occupied multi-purpose properties is available for a term of five years with fixed interest rates starting at 6.56% and for a term of three years with fixed interest rates starting at 6.57%. Financing for limiteduse properties is available for a term of five years with fixed interest rates starting at 7.21%. For more information, contact Matt Williams, United Financial Lende r ; 503-516-5823; Email: matt@unitedfinanciallender.com. Wellington Mortgage Capital arranges recourse financing in amounts ranging from $1 million to $12 million for retail, mixed-use and single-tenant properties nationwide. Financing is available for terms of five to seven years with interest rates ranging from 6.5% to 7.25% and a 30-year amortization schedule. The maximum loanto-value ratio is 75%. For more information, contact Wellington Mortgage Capital, 1148 Highland Avenue, Manhattan Beach, CA 90266; 310-5465711 Ext. 100, Fax 310-546-5700; Email: ndillon@wellingtonmortgage.net; Web site: www.wellingtonmortgage.net. Dellovo Capital Corp. arranges financing for strong income-producing properties located in major metropolitan areas nationwide. Financing is available in amounts above $15 million with a maximum loan-to-value ratio of 65%. For more information, contact Ray Dellovo, Dellovo Capital Corp., 394 Lowell Street, Suite 13, Lexington, MA 02420; 781274-9800; Email: ray@dellovocapital.com. Vesper Group, LLC provides hard money financing for grocery-anchored and mixeduse properties nationwide in markets with a trade area population exceeding 500,000 including Phoenix, AZ; Los Angeles, San Diego and San Francisco, CA; Denver, CO; Miami, FL; Chicago, IL; Atlanta, GA; Boston, MA; Charlotte, NC; New York, NY and its metropolitan area; Portland, OR; Philadelphia, PA; Memphis and Nashville, TN; Austin, Dallas and Houston, TX; Salt Lake City, UT; Seattle, WA and Washington, DC. Financing is available for terms of one to three years with interest rates ranging from 10% to 14% and a maximum loan-to-value ratio of 75%. For more information, contact Paul E. Guaraldi, Vesper Group, LLC; 214-741-6119; Email: paulguaraldi@vespergroup.com. DM page 14
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and IKEA anchor the center. Cotenants include Old Navy, The Children’s Place, Payless ShoeSource, Sanrio, Big 5 Sporting Goods, Mens Land, RadioShack, T-Mobile, GNC, Foot Action, Claire’s, Bank of America, Chuck E. Cheese’s, Chili’s, Tony Romas, Panda Express, Five Guys Famous Burgers and Fries, Panera Bread, San Sai Grill, Wingstop, Jollibee, Cinnabon, Mrs. Fields and Baskin Robbins. Area demographics include a population of 2.5 million within 10 miles earning $62,567 as the average household income. Laguna Hills – Moulton La Paz Shopping Center, a 59,127 sq.ft. center situated on 6.69 acres at the intersection of La Paz Road and Moulton Parkway, has space available. Big 5 Sporting Goods, Kragen and Chuck E. Cheese’s anchor the center. Cotenants include Baja Fresh. Area retail includes CVS and Fresh & Easy Neighborhood Market. Trade-area demographics include a population of 138,953 earning $97,373 as the average household income. For details, contact Keith C. Laird or Brenton J. Watson, Vintage Real Estate, LLC; 11611 San Vicente Boulevard, 10th Floor, Los Angeles, CA 90049; 310-9799090 Ext. 110/100, Fax 310-820-6584; Emails: klaird@vintage-vre.com and bwatson@vintage-vre.com; Web site: www.vintage-vre.com. Daly City – Landmark Plaza Top of the Hill, located at the intersection of John Daly Boulevard and Mission Street, has spaces available of 2,343 sq.ft.; 2,673 sq.ft.; 5,494 sq.ft. and 5,680 sq.ft. Area retail includes First National Bank, Lucky’s Supermarket, Pet Food Express and MetroPCS. The average daily traffic count is 30,000 vehicles. Pleasanton – Oak Hills Shopping Center, located on Sunol Boulevard, has spaces available of 1,300 sq.ft.; 1,950 sq.ft. and 3,000 sq.ft. Raley’s Supermarket anchors the center and cotenants include Peet’s Coffee, Bagel Street Café, Mountain Mike’s Pizza, Delatti Frozen Yogurt, Taco Bell, Bank of the West, Gymboree and PakMail. Trade-area demographics include a population earning $135,683 as the average household income. For details regarding the Daly City property, contact Louis Cornejo or Colleen Meharry, Starboard TCN Retail Group, 33 New Montgomery, Suite 1230, San Francisco, CA 94105; 415438-2144 or 415-477-8455, Fax 415-9562003; Emails: louis@starboardnet.com and colleen@starboardnet.com; Web
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California site: www.starboardnet.com. For details regarding the Pleasanton property, contact Jane Woolley; 415-694-5364; Email: jane@starboardnet.com. Granada Hills – Granada Hills Town Center, a 200,500 sq.ft. center located at the intersection of Chatsworth Street and Zelzah Avenue, has space available. Ralph’s anchors the center and cotenants include Spa Sanctuary, Longs Drugs, Michaels, Pet People, OfficeMax, Orchard Supply Hardware, Del Taco, Quiznos, Panda Express, Conroy’s, Carl’s Jr., Baskin Robbins, GameStop, Classic Beauty, My Mobile and Starbucks. Area demographics include a population of 463,223 within five miles earning $83,679 as the average household income. For details, contact Rebekah Haraczka, Combined Properties, 9320 Wilshire Boulevard, Suite 310, Beverly Hills, CA 90212; 310-205-9616; Email: rharaczka@combined.biz; Web site: www.combined.biz.
Connecticut Greenwich – A 33,688 sq.ft. mixed-use center located on Greenwich Avenue has a 4,541 sq.ft. space available. Cotenants include Restoration Hardware. Area retail includes Saks Fifth Avenue, Baccarat, J. Crew, Talbots, Brooks Brothers, Richards of Greenwich, Gap, Banana Republic, Kate Spade, Best & Co., Starbucks, Coffee Time, Tiffany & Co., Victoria’s Secret, Ann Taylor, Ann Fontaine, Bank of America, Gap Kids, The Federalist Antiques, Theory, Sephora, Terra Ristorante Italiano, Le Figaro Bistro de Paris, Abis, Elm Street Oyster House, Jean Louis Restaurant, Mediterraneo Restaurant and DaVinci’s. Area demographics include a population of 142,822 within five miles earning $119,232 as the average household income. For details, contact Janine Forte, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800227-5570.
Idaho Pocatello – Pocatello Square Shopping Center, a 178,000 sq.ft. power center located at the intersection of Yellowstone Highway and Hurley Drive, has spaces available of 13,455 sq.ft. and 47,900 sq.ft. Ross Dress for Less, Staples, Bed Bath & Beyond and Ashley Furniture anchor the center. Cotenants include Famous Footwear. Area retail includes Costco, JCPenney, Sears,
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Lowe’s Home Improvement, Wal*Mart Supercenter, Shopko and Home Depot. Area demographics include a population of 75,673 within 10 miles earning $52,057 as the average household income. The average daily traffic count is 25,608 vehicles. For details, contact Brent Wilson, NAI Commerce One, 1000 Riverwalk Drive, Suite 375, Idaho Falls, ID 83402; 208-881-1108, Fax 208-525-8188; Email: bwilson@nai-idaho.com; Web site: www.nai-idaho.com.
Avis Rent-A-Car, Cosmic Oasis, RadioShack, Cici’s Pizza, Dollar Loan Center, Famous Footwear, The Avenue, Ross Dress for Less, Goodwill Industries, AutoZone and O-Aces Bar & Grill. Area demographics include a population of 415,009 within five miles earning $82,218 as the average household income. For details, contact Michelle Bauer, Kimco Realty, 4760 West Sahara Avenue, Suite 25, Las Vegas, NV 89102; 702-258-4330; Email: mbauer@kimcorealty.com.
Montana
Las Vegas – A 3,018 sq.ft. freestanding pad site with a drive-thru located at the intersection of Charleston Boulevard and Burnham Avenue is available. Area retail includes Albertsons, CVS, Factory 2 U, Susie’s Deals, Hollywood Video and Del Taco. Area demographics include a population of 572,637 within five miles earning $51,142 as the average household income. The average daily traffic count is 35,000 vehicles. Also, McCarran Marketplace, a 600,000 sq.ft. center located at the intersection of Russell Road and Eastern Avenue, has spaces available from 1,200 sq.ft. to 4,800 sq.ft. along with
pad sites. Wal*Mart Supercenter, Lowe’s Home Improvement, Office Depot, Ross Dress for Less and PetSmart anchor the center. Cotenants include Bank of America, Del Taco, Carl’s Jr., Mattress Firm, Full Circle Cellular, Sbarro, Carvel, Gyro Time, Starbucks, Game Haven, Jamba Juice and Psychic Eye. Area demographics include a trade-area population of 138,795 earning $64,104 as the average household income. The average daily traffic count is 72,000 vehicles. Also, a neighborhood center located at the intersection of Las Vegas Boulevard and Windmill Lane has spaces available of 4,800 sq.ft. and 8,691 sq.ft. Food 4 Less anchors the center and cotenants include WaMu, Mail Zone, EmbroidMe, Edible Arrangements, Hair 4 U, Smoke Shop, Steiner’s, Money Tree, Tahitian Tan, Subway, Starbucks and CVS. Area retail includes Vons, Bank of America and Taco Bell. Area demographics include a population of 217,404 within five miles earning $79,173 as the average household income. The average daily traffic count is 77,000 vehicles. The asking monthly rent is $2.50 psf for the 4,800 sq.ft. space and
Great Falls – Holiday Village Mall, a 559,422 sq.ft. center located at the intersection of 9th Street South and 13th Avenue South, has space available. Scheels, JCPenney, Herberger’s and Sears anchor the center. Cotenants include CVS, Bed Bath & Beyond and Ross Dress for Less. Area draws include University of Great Falls and Montana State College of Technology. Trade-area demographics include a population of 133,000 earning $52,000 as the average household income. The average daily traffic count is 41,000 vehicles. For details, contact Bill Fox, GK Development, Inc.; 847-277-9357; Web site: www.gkdevelopment.com.
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Nevada Henderson – Green Valley Town & Country, a 130,773 sq.ft. center situated on 10.49 acres at the intersection of Green Valley Parkway and Sunset Road, has spaces available from 990 sq.ft. to 2,100 sq.ft. Albertsons anchors the center and cotenants include Southwest Capital, Fastbucks, Dairy Queen, United Studios, H&R Block, Dotty’s, In Da Cuts Barber, Mystic Minds, Citibank, Merle Norman, Cookies By Design, Sumo Sushi and Blueberry Hill. Area demographics include a population of 356,811 within five miles earning $73,570 as the average household income. Las Vegas – Cheyenne Commons, a 362,758 sq.ft. center situated on 34.81 acres at the intersection of Rainbow Boulevard and Cheyenne Avenue, has spaces available from 900 sq.ft. to 6,000 sq.ft. Wal*Mart anchors the center and cotenants include Fashion Bug, Payless ShoeSource, Sally Beauty Supply, Styles for Less, Consign & Design, Marshalls, HairMasters, Smoke Shop, Wireless City Plus, The Neighborhood Jeweler, T&T Cleaners, Famous Nails, GameStop, Port of Subs, 24 Hour Fitness, Sensations Face & Body Spa, The UPS Store, Smile Care, H&R Block, China King, Pier 1 Imports, Carl’s Jr., Lone Star Steakhouse, www.dealmakers.net
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$1.50 psf monthly for the 8,691 sq.ft. space, with NNN fees of $0.40 psf. For details regarding the Las Vegas Boulevard property, contact Michael McDay or Kit Graski, Voit Commercial Brokerage, 10100 West Charleston Boulevard, Suite 2000, Las Vegas, NV 89135; 702-7344500. For details regarding the remaining properties, contact Tami Lord; Email: tlord@voitco.com.
Oregon Albany – Heritage Mall, a 408,323 sq.ft. regional center located on 14th Street between Geary Street and Clay Street, has space available. Target, Gottschalks, Sears, Ross Dress for Less and Old Navy anchor the center. Cotenants include Zumiez, rue21, Kay Jewelers, Maurices, PacSun, GameStop, Katie’s Chocolates, Sally Beauty Supply, El Toro Restaurant and Carinos Italian Grill. Area draws include Linn-Benton Community College. Trade-area demographics include a population of 201,593 earning $53,367 as the average household income. For details, contact Ed Hopwood or Jenny Fry, Steadfast Cos., 4343 Von Karman Avenue, Suite 300, Newport Beach, CA 92660; 425322-7179/7172, Fax 949-777-8301; Emails: ehopwood@steadfastcompanies.com and jfry@steadfastcompanies.com; Web site: www.steadfastcompanies.com. Salem – Blockbuster Center, a 6,432 sq.ft. strip center situated on 0.76 acres at the intersection of Commercial Street Southeast and Kuebler Boulevard, has spaces available of 1,125 sq.ft. and 1,200 sq.ft. Blockbuster Video anchors the center. Area retail includes Wal*Mart, Big 5 Sporting Goods, Rite Aid, Walgreens and Arby’s. Area demographics include a population of 126,811 within five miles earning $52,375 as the median household income. The average daily traffic count is 45,000 vehicles. The asking rent ranges from $20 psf to $26 psf with CAM of $3.37 psf. Woodburn – Subway Center, a 4,071 sq.ft. strip center situated on 0.63 acres at the intersection of Interstate 5 and Highway 214, has spaces available of 680 sq.ft. and 1,200 sq.ft. Subway anchors and Wal*Mart Supercenter shadow-anchors the center. Area retail includes Woodburn Co. Stores. The asking annual rent is $24 psf with CAM of $5.11 psf. For details, contact Tiffany Jones, Coldwell Banker Commercial, 250 Division Street Northeast, Salem, OR 97301; 503-587-4777, Fax 503-587-4778; Email: tiffanylt2@aol.com; Web site: www.cbcre.com. page 16
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Tigard – Tigard Promenade, a 106,605 sq.ft. center located at the intersection of Southwest Pacific Highway and Beefbend Road, has spaces available of 1,083 sq.ft.; 1,400 sq.ft.; 1,993 sq.ft.; 2,000 sq.ft. and 2,174 sq.ft. Safeway and Hollywood Video anchor the center. Cotenants include Wu’s Open Kitchen, Foot Solutions, Cambridge Cleaners, Supercuts, Sally Beauty Supply, Nails For You, Sun’s Up Tanning and Valvoline. Area retail includes Carl’s Jr., Washington Federal and Les Schwab. Area demographics include a population of 251,618 within five miles earning $102,706 as the average household income. For details, contact Kelley O’Connor, Terramar Retail Centers, 5973 Avenida Encinas, Suite 300, Carlsbad, CA 92008; 425-255-0429 Ext. 3105, Fax 425-235-8631; Email: koconnor@terramarcenters.com; Web site: www.terramarcenters.com.
9000 South and Interstate 15 is available. Area demographics include a population of 782,357 within 10 miles earning $73,283 as the average household income. The average daily traffic count is 229,565 vehicles. For details, contact Steve Gozini, BH Properties, LLC, 11111 Santa Monica Boulevard, Suite 600, Los Angeles, CA 90025; 310-820-8888 Ext. 106, Fax 310-8208070; Email: steve.gozini@bhproperties.us; Web site: www.bhproperties.us.
Texas Houston – Houston Pavilions, a 360,000 sq.ft. urban center located at the intersection of Main Street and Dallas Street, has spaces available of 4,500 sq.ft.; 6,000 sq.ft. and 7,500 sq.ft. House of Blues, Forever 21, Books-A-Million and Lucky Strike Lanes anchor the center. Cotenants include McCormick & Schmick’s, III Forks Steak House, Pete’s Dueling Piano Bar and BCBG. Area retail includes Macy’s and Houston Park Shops. Area draws include Minute Maid Park, Toyota Center, George R. Brown Convention Center and Discovery Green. Area demographics include a population of 403,308 within five miles earning $67,000 as the average household income. The asking rent is $35 psf with CAM of $6.30 psf and taxes of $10.80 psf. For details, contact Jazz Hamilton, CB Richard Ellis, 2800 Post Oak Boulevard, Houston, TX 77056; 713-577-1805, Fax 713577-1677; Email: jazz.hamilton@cbre.com; Web site: www.cbre.com.
Utah Ogden – Ogden Commons, located at the intersection of 12th Street and Wall Avenue, has a divisible space of 150,000 sq.ft. available. Area retail includes Home Depot, Big 5 Sporting Goods, Shopko, Blockbuster Video and Gold’s Gym. Area demographics include a population of 119,417 within five miles earning $52,910 as the average household income. The average daily traffic count is 59,010 vehicles. Sandy – A divisible 130,000 sq.ft. former Lowe’s Home Improvement located at the intersection of
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Washington Bellingham – A 19,608 sq.ft. freestanding building located on East Bellis Fair Parkway is available. Area retail includes Bellis Fair Mall. Area demographics include a population of 48,020 within three miles earning $42,872 as the average household income. The average daily traffic count is 33,000 vehicles. For details, contact Brian J. Finnegan, WestCom Properties, Inc., 3130 Howe Place, Suite 101, Bellingham, WA 98226; 360-647-2856, Fax 360-647-7652; Email: brian@westcomproperties.com; Web site: www.westcomproperties.com. East Wenatchee – Wenatchee Valley Mall, a 340,786 sq.ft. center situated on 26 acres on Valley Mall Parkway, has space available. Macy’s, Sears, Ross Dress for Less and Bed Bath & Beyond anchor the center. Area retail includes Target, Costco and Wal*Mart. Area demographics include a trade-area population of 207,682 earning $55,211 as the average household income. For details, contact Keith C. Laird or Brenton J. Watson, Vintage Real Estate, LLC; 11611 San Vicente Boulevard, 10th Floor, Los Angeles, CA 90049; 310-9799090 Ext. 110/100, Fax 310-820-6584; Emails: klaird@vintage-vre.com and bwatson@vintage-vre.com; Web site: www.vintage-vre.com. Everett – Everett Mall, a 676,880 sq.ft. regional center located on Everett Mall Way, has space available. Macy’s, Sears, Regal Cinemas and LA Fitness anchor the center. Cotenants include Old Navy, Borders, Finish Line, Wet Seal, Massage Envy, Lids, Just Sports, Cinnabon, Sbarro, CandyTyme, Famous Dave’s Restaurant, Zumiez, PacSun, rue21, Hot Topic, Journeys, Claire’s, Foot Locker and Aeropostale. Trade-area demographics include a population of 326,120 earning $64,559 as the average household income. The average daily traffic count is 52,000 vehicles. For details, contact Ed Hopwood or Jenny (continued on page eighteen)
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Fry, Steadfast Commercial Properties., 4343 Von Karman Avenue, Suite 300, Newport Beach, CA 92660; 425-3227179/7172, Fax 949-777-8301; Emails: ehopwood@steadfastcompanies.com and jfry@steadfastcompanies.com; Web site: www.steadfastcompanies.com. Kennewick – Kennewick Commons, located on West Canal Drive, has an 8,000 sq.ft. space available along with two pad sites of 4,020 sq.ft. Cotenants include China Buffet. Area retail includes Barnes & Noble, Best Buy, Burlington Coat Factory, Bed Bath & Beyond, Costco, Eagle, Famous Footwear, Gart Sports, Kmart, Lowe’s Home Improvement, Michaels, Office Depot, OfficeMax, Outback Steakhouse, Pier 1 Imports, PetSmart, Ross Dress for Less, Red Lion, Sportsman’s Warehouse, Target, T.J. Maxx and Columbia Center Mall. Area draws include Ice Rink Tri Cities Coliseum and Vista Field Airport. Area demographics include a population of 198,382 within 10 miles earning $66,174 as the average household income. The average daily traffic
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count is 14,747 vehicles. For details, contact Steve Gozini, BH Properties, LLC, 11111 Santa Monica Boulevard, Suite 600, Los Angeles, CA 90025; 310-820-8888 Ext. 106, Fax 310-8208070; Email: steve.gozini@bhproperties.us; Web site: www.bhproperties.us.
Wal*Mart Supercenter shadow-anchors the center and cotenants include Alltel Wireless, Great Clips and EZCash. Area retail includes Smith’s. Area demographics include a population of 54,587 within five miles earning $59,066 as the average household income. The asking rent is $22 psf. Laramie – University Shops, a center located on Grand Avenue, has a 1,750 sq.ft. pad site space available along with a divisible pad site of 10,000 sq.ft. Cotenants include GameStop and Cellular Plus. Area retail includes Subway, Taco John’s, Taco Bell, Arby’s, McAlister’s Deli, Chili’s, Carl’s Jr., Perkins, Sonic Drive-In, Blimpie, Albertsons, Burger King, Wendy’s, McDonald’s and Applebee’s. Area draws include University of Wyoming. Area demographics include a population of 54,587 within five miles earning $59,066 as the average household income. For details, contact Joe Cooley, Scott Brady or Grady Marshall, NAI Mountain West Retail, 343 East 500 South, Salt Lake City, UT 84111; 801-4568803/8804/8807, Fax 801-578-5500; Emails: jcooley@mtnwest.com, sbrady@mtnwest.com and gmarshall@mtnwest.com; Web site: D M www.mtnwest.com.
Tukwila – A 153,007 sq.ft. freestanding former Levitz Furniture situated on 9.96 acres on Southcenter Parkway is available. The building includes a 64,103 sq.ft. showroom and an 83,904 sq.ft. warehouse space. Area retail includes Southcenter Mall. Area demographics include a population of 674,981 within 10 miles earning $66,681 as the average household income. For details, contact Robert J. Swierbut, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-227-5570.
Wyoming Casper – A center located at the intersection of Plaza Drive and Wyoming Boulevard has spaces available of 1,505 sq.ft. and 1,548 sq.ft.
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What you’ve missed in the last 47 issues
• 2,300,000 locations of retailers with plans to open 150,000 sites • $27 billion to be bought, sold and financed • Leasing activity on over 600 million sq.ft. of retail poperty
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Expedite your order by faxing the completed form to 609-587-3511 P.O. Box 2630 | Mercerville, NJ 08690 | 800-732-5856 or 609-587-6200 | Fax 609-587-3511 | www.dealmakers.net page 18
July 31, 2009
The
Dealmakers
www.dealmakers.net
*PRICES
JUST REDUCED!!!
$2
PA 0,00 EN ID TO 0 BO T, OW S N NE ELLI US R R NG ET *Haw River, North Carolina IRI NG The center is approximately 97,000 sq ft and is on 20 + acres. It was a former Winn-Dixie AG
SHOPPING CENTERS FOR SALE
anchored center. The price includes an outparcel out front on the main 5 lane, a 2.8 acre tract in the middle of the property and about 2-3 acres of expansion area on the side of the building area. The parking lots have been re-surfaced and re-striped. All the front metal awnings have been painted a metallic color and it really looks great! Lots of upside potential here!!! Our Sales Price has just been REDUCED to only $3.49 Million!!! (Appraised Value is $3.74 Million)
*Conover,
North Carolina
This 60,990 sq ft shopping center and its outparcels are located on 5.26 acres on one of the busiest streets in the area! A 2008 bank appraisal valued the center at $3.15 Million (not including the outparcels). We have recently done expensive renovations to the shopping center and sold one of the outparcels to COOK-OUT, a national fast food franchise drive through restaurant chain. Two outparcels are still available. Our Sales Price has just been REDUCED to only $2.29 Million!!!!
North Wilkesboro, North Carolina This 39,634 sq ft shopping center and a large outparcel is located on 12.8 acres. The total Tax Value is over $2.37 Million. The center is 100% OCCUPIED with 3 National Tenants. Our Sales Price is only $1.79 Million for the shopping center AND the large outparcel!!
*Thomasville,
North Carolina
It is 62,300 sq ft located on 6.3 acres of land in Thomasville, NC. It has recently been remodeled and has lots of UPSIDE POTENTIAL! Our Sales Price has just been REDUCED to only $1.69 Million!!!!
Hickory, North Carolina This 39,704 sq ft shopping center is located on 3.42 acres. It has been recently remodeled!! Our Sales Price is only $1.79 Million!!
#1 REAL ESTATE DEALS, LLC
W. Clarke Lindley | Cell: 336-260-4113 | supermansml@aol.com
U n c o n v e n t i o n a l
W i s d o m :
Always Color Outside The Lines At DLC, we know opportunity is not found within rigid boundaries. We approach every project with creativity, innovation, foresight and vision to see beyond what is - to what can be. Outside the lines is where deals get done, complexity is made simple, and success is realized. Want a crayon?
Doers and Dealmakers
Corporate Headquarters: 580 White Plains Road, Tarrytown, NY 10591 97
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26
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