Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXVIII
August 1, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE New Albertsons, Inc. trades as Shaw’s Supermarket and Star Market at 155 locations throughout MA, ME, NH, RI and VT. The supermarkets occupy spaces of 55,000 sq.ft. in freestanding locations, mixed-use and strip centers, as well as urban areas. Growth opportunities are sought the existing markets during the coming 18 months. The company will also consider spaces from 35,000 sq.ft. to 55,000 sq.ft. For more information, contact Steve Jenkins, New Albertsons, Inc., 750 West Center Street, West Bridgewater, MA 02379; 508-313-4612; Email: steven.jenkins@shaws.com; Web site: www.shaws.com. Norrenberns Foods, Inc. trades as Tom’s Supermarkets and Tom’s Priced Right Foods at five locations throughout IL. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A vanilla shell is required. Preferred demographics include a population of 10,000 within two miles earning at least $35,000 as the average household income. For more information, contact Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-566-7010, Fax 618-566-4081; Email: info@tomsmarket.com; Web site: www.tomsmarket.com.
The Fresh Market operates more than 150 locations throughout AL, AR, CA, CT, FL, GA, IL, IN, KS, KY, LA, MA, MD, MS, NC, NH, NJ, NY, OH, OK, PA, SC, TN, TX, VA and WI. The markets, offering seafood, deli, floral and health and beauty departments, as well as offering bulk and prepared food items and a wine selection, occupy spaces of 20,000 sq.ft. in freestanding locations, power and specialty centers. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. For more information, contact Charlie Phelps, Paraclete Realty, 111 Cameron Parke Place, Suite 100, Alexandria, VA 22304; 301-536-7900; Email: charlie@paracleterealty.com; Web site: www.paracleterealty.com. Glass Garden, Inc. trades as ShopRite at 10 locations in NJ and NY. The supermarkets occupy spaces of 73,000 sq.ft. in freestanding locations, lifestyle, power, specialty and strip centers. Plans call for two openings throughout CT, NJ, NY and PA during the coming 18 months. Typical leases run 20 years with options. A land area of at least nine acres is required for freestanding locations. For more information, contact Ben Focarino, Glass Garden, Inc., 204 Passaic Street, Rochelle Park, NJ 07662-3118; 201-843-1364; Email: benfocarino@verizon.net; Web site: www.shoprite.com. (continued on page twelve)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 37,832 locations with plans to open 2,547 sites • Real estate valued in excess of $125 million to be bought, sold & financed • Leasing activity on over 6.9 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T IT R D
IMPO SE EXPE PLEA
ICSC NEW ENGLAND IDEX New Construction Lane4 Property Group preleasing regional center in KS.................. Pg. 4 Buyers and Sellers CBRE closes $60 milllion sale of Sprouts Farmers Market anchored center.......................... Pg. 5 Observations and Conversations Pg. 6 Tenant Reps and Exclusives R.J. Brunelli reps Primrose Schools in select markets of NJ.... Pg. 7 Food Chains Expand Twin Peaks expands in the northeast and on the west coast Pg. 8 Alamo Drafthouse Cinema to enter New England..................... Pg. 10 Lease Signings FIP Realty Services, LLC inks deal with Presidente Supermarkets..... Pg. 11 Sources of Financing Brown Gibbons Lang & Co. launches new division................ Pg. 11 Making the News Cullinan Properties, Ltd. hires vice president............................. Pg. 11 Lead Sheet Push Pedal Pull to enter AR, KS and MO...................................... Pg. 14 Field & Stream to open up to 15 stores on the east coast............... Pg. 15 Sur La Table to open up to seven stores.......................................... Pg. 16 REI looks at New England for growth opportunities.................. Pg. 16 Space Place................................ Pg. 18
18+ Million Square Feet northeast MASSACHUSETTS Billerica Shops at Billerica Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 275,000 SF GLA / Anchor Space Available Lowell Meadow Brook Center Plain Street & Lowell Connector Target, Marshalls, Chuck E. Cheese Pad Site Available 271,377 SF GLA
NEW YORK Cortland Future Development NEW Route 13 & Bennie Road 26 Acres across from Walmart Glenville/Scotia (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. 174,000 SF GLA - In-Line Space Available Lake Ronkonkoma Lake Shore Plaza II Portion Rd. (Co. Rd. 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree - 94,826 sf GLA
Milford Kmart Shopping Center Medway St. & Beaver St. @ I-495 Kmart, Dollar Tree 140,470 SF GLA Future Expansion Space Available NEW JERSEY Marlton (Evesham) Tri-Towne Plaza Route 70 & Plymouth Dr. 176,519 SF GLA Anchor Space Available Redevelopment Underway Mt. Olive Vacant Land - 16.963 Acres Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx
Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Walmart, Home Depot, BJ’s, Target 687,716SF GLA Future Phase III Office or Retail
Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Meijer - Up to 12,000 SF Outlot, B-T-S
Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples - 250,000 SF GLA
INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA
Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Future Strip, Pads Available
Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store - 134,797 SF GLA Anchor Space & Outlots Available
Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office - 21,212 SF GLA
Warsaw The Market Place at Warsaw U.S. Hwy. #30 & Water St. Carson's Dept. Store, Sears, Dunham's, Pier 1 180,000 SF GLA
Water Mill (Southampton) Water Mill Shoppes Montauk Hwy. (Rte. 27) & Station Rd. Prime for Specialty Foods & Boutiques
NEW
PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 135,000 SF GLA / 9.82 Acres Available
Vineland Kmart Plaza Expansion S. Delsea Dr. (Route 47) & Route 55 Kmart, TD Bank Two Parcels: 4.302 & 4.486 Acres Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 85,000 SF GLA Anchor Space Available
midwest ILLINOIS Downers Grove Marshall’s at The Grove, 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF
NEW
Vineland Vineland Marketplace S. Delsea Dr. (Route 47) & College Dr. New Development Anchor Space / Outlots Available
Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads
Latham/Colonie (Albany) Freestanding Building Route 7 & Swatling Rd. 118,863 SF GLA Anchor & Outlot Available
Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 77,360 SF GLA Parsippany Whole Foods Shopping Center Route 46 (Bloomfield Ave.) & Cherry Hill Rd. Whole Foods Anchor, In-Line & Pads Available
PENNSYLVANIA Quakertown NEW New Anchor Space at Richland Marketplace Rt. 309 & Pumping Station Road BJ’s Wholesale Club, Target, Best Buy 444,531 SF GLA
MICHIGAN Flint Former Kmart Dort Hwy.(Rte. 54) & Atherton Hwy. 92,691 SF GLA Grand Blanc Holly Rd. & I-75 Vacant Land / 22 Acres For Sale
Carlisle Home Depot Shopping Center Hanover Street (Route 34) & I-81 Home Depot, Chili’s - 140,715 SF GLA 10,584 SF Future Expansion/Pad
Livonia Office Depot Plaza Plymouth Rd. & Middlebelt Rd. Office Depot, Party City, Walgreens 108,820 SF GLA
Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte 309 & Rte 202 BJ's, Lowe's - Anchor Space Available 133,000 sf GLA
Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available
NEW
RDMANAGEMENT LLC
Vis us #6 Bos ICS
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
sit at 614 ston SC
200+ Retail Projects MICHIGAN Port Huron Port Huron Shopping Center Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Anchor Space & Outlot Available
MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA
KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 272,000 SF GLA / In-line Space & Pad MARYLAND Hagerstown Long Meadow Shopping Center Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market - 243,000 SF GLA Anchor Space/Pad Available
Columbus Great Western Commerce Center No. Wilson Rd. & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space
Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block So. of Navarre Ave. (Rte. 2) & Kmart
WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 230,000 SF GLA
Sanford Seminole Centre S Orlando Dr. (Hwy. 17/92) & Lake Mary Blvd. Walmart Supercenter, Ross, Aldi 370,936 SF GLA
NEW
Holland (Toledo) Dick’s at Spring Meadows Place Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Space
Gainesville Mixed Use Development Grocery Store & Student Housing NW 13th St & University Avenue 26,000 SF Ground Floor Retail 312,498 SF Mixed Use 6-Story Bldg
NEW
OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA 18,440 SF Expansion & Pad
NEW
VIRGINIA Winchester Freestanding Building S. Pleasant Valley Rd. & E. Jubal Early Dr. Anchor Space Available 88,479 SF GLA
NEW
Sandusky Kmart Shopping Center M-19 & Gates Rd. 176,248 SF GLA - Anchor Space Available Southgate Fort St. & Burns Ave. Vacant Land 9.37 Acres
FLORIDA Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. Near Hwy. 436 - 153,650 SF GLA
NEW
Randallstown Brenbrook Plaza Liberty Rd. &Brenbrook Dr. Home Depot - 139,000 SF GLA TENNESSEE Hermitage (Nashville) Freestanding Bldg. adjacent to Jackson’s Courtyard Shopping Center 3445 Lebanon Pike 24,040 sf GLA - Redevelopment Opportunity
south ALABAMA Huntsville NEW Freestanding Walmart South Memorial Parkway & Drake Ave. SW 104,000 SF on 8.1 Acres FLORIDA Fern Park Fern Park Plaza Semoran Blvd. (Hwy. 436) & Hwy. 17/921 Ross, Beall's Outlet, Aldi, Deals 131,646 SF GLA
RDMANAGEMENT LLC
Nashville Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Conference Dr. Trees N Trends, Ryan’s Buffet 111,460 SF GLA NEW
west ARIZONA Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA Anchor Space & Pad Available Las Vegas Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart - 86,479 SF GLA OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA UTAH Salt Lake City 410 S. 900 E. & 400 S. Freestanding Office Max Future Redevelopment
puerto rico
TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA
PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available
VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. Outlots Available
Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads 525,000 ± SF GLA
NEW
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
NEW CONSTRUCTION Wolfson Group, Inc. is redeveloping Hilltown Crossings Shopping Center, a 354,458 sq.ft. center located at the intersection of Route 309 and Orvilla Road in Hatfield, PA. Burlington will anchor the site and cotenants currently include Dollar Tree, Sovereign Bank, Verizon Wireless, Hair Cuttery and McDonald’s. The average daily traffic count is 40,000 vehicles along Route 309. Walmart Supercenter also serves as an anchor. The company is also redeveloping MacDade Mall, located along MacDade Boulevard in Holmes, PA. The center is 97% occupied and cotenants include Big Kmart, Acme, TD Bank, Retro Fitness, Hair Cuttery, Ruby Tuesday, Ambiance Nails, Burger King, Ross Dress for Less and Marshalls. Redevelopment plans included removing the mall’s interior enclosure, installing new utilities, reorienting storefronts and new facades toward the street, as well as adding a new corridor. The average daily traffic count is 24,000 vehicles. For more information, contact Wolfson Group, Inc., 120 West Germantown Pike, Suite 120, Plymouth Meeting, PA 19462; 610277-8899; Web site: www.wolfsongroupinc.com. Soloff Realty & Development, Inc. is preleasing the redevelopment of a 40,045 sq.ft. former Giant supermarket situated on 4.6 acres and located along New Falls Road in Levittown, PA. A 12,000 sq.ft. endcap space and a future 5,500 sq.ft. pad site are available. Retro Fitness with 13,000 sq.ft. and Dollar Tree using 12,000 sq.ft. will anchor the site. Area retailers include Big Lots. Area demographics include a population of 217,562 within five miles earning $74,089 as the average household income. The average daily traffic count is 23,700 vehicles. For more information, contact Richard Soloff, Soloff Realty & Development, Inc., One Presidential Boulevard, Suite 202, Bala Cynwyd, PA 19004; 610-834-0400. R.J. Brunelli & Co., LLC is preleasing Old Bridge Plaza, a 30,687 sq.ft. development located at the intersection of Route 9 and Perrine Road in Old Bridge, NJ. Shop spaces from 1,200 sq.ft. to 14,583 sq.ft. are available. Area retailers include TD Bank, Wendy’s, Outback Steakhouse, Pathmark, Kohl’s and Staples. Area demographics include a population of 173,236 within a five-mile radius earning $92,621 as the average household income. The average daily traffic count is 88,395 vehicles. For more information, contact William Lenaz, R.J. Brunelli & Co., LLC, 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732721-5800 Ext. 15; Email: wlenaz@rjbrunelli.com; Web site: www.rjbrunelli.com. Page 4 | August 1, 2014
Renaud Consulting is preleasing Sudley Square, an 8,933 sq.ft. retail center located at the intersection of Sudley Manor Drive and Williamson Boulevard in Manassas, VA. Spaces from 1,357 sq.ft. to 5,771 sq.ft. are available. Cotenants include 7-Eleven. Area retailers include Best Buy, Burlington, Staples, Ross Dress for Less, AT&T Mobility, BB&T Bank, Walgreens, AutoZone and Starbucks. Area demographics include a population of 149,089 within a five-mile radius earning $84,655 as the average household income. The average daily traffic count is 20,000 vehicles along Sudley Manor Drive. For more information, contact John Marigliano or Josh Weiner, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571-765-4423/4430; Emails: jmarigliano@renaudconsulting.net and jweiner@renaudconsulting.net. Regency Centers Corp. is redeveloping the former Loehmann’s Plaza into Brighten Park, located at the intersection of North Druid Hills Road and Briarcliff Road in Atlanta, GA. A 24,000 sq.ft. The Fresh Market grocery store will anchor the center. Plans include improved facades and signage, as well as LED lighting upgrades. Redevelopment is slated to be completed during winter 2015. For more information, contact Regency Centers Corp., Web site: www.regencycenters.com. Bromont Investments is developing Eastgate Town Center, a 300,000 sq.ft. open-air center at the site of the former East End mall in Henrico County, VA. Plans call for four freestanding retail buildings. The project is slated to open during fall 2015. For more information, contact Bromont Investments, 4110 North Scottsdale Road, Suite 370, Scottsdale, AZ 85251; 480481-3558, Fax 480-481-3559; Web site: www.bromontinvestments.com. Terraco Development & Management is looking to redevelop Discount Mega Mall, a 130,680 sq.ft. shopping center situated on three acres in Logan Square, IL. For more information, contact Terraco Development & Management, 3201 Old Glenview Road, Suite 300, Wilmette, IL 60091; 847-679-6660, Fax 847-679-6695; Web site: www.terracorealestate.com. Fidelis Realty Partners is planning to develop Shops at West Lake Houston, a 600,000 sq.ft. shopping center in Summerwood, TX. Completion is slated for late 2016. For more information, contact Fidelis Realty Partners, 4500 Bissonnet Street, Suite 300, Bellaire, TX 77401; 713-693-1400; Web site: www.fidelisrealtypartners.com.
LANE4 Property Group is developing a 600,000 sq.ft. regional shopping center located at the intersection of K-10 and West 6th Street in Lawrence, KS. The project is part of Mercato, a mixed-use development that will feature 250,000 sq.ft. of anchor and entertainment space and up to 350,000 sq.ft. of additional anchor, junior box, restaurant and shop spaces. For more information, contact Pat Peery, LANE4 Property Group, 4705 Central Street, Kansas City, MO 64112; 816-268-9108; D Web site: www.lane4group.com. M
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Account Executive Nicole Papa • nicole@dealmakers.net Account Executive Connie Giordano • connie@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Research Assistant Brenda Robinson • brendar@dealmakers.net Research Assistant Krista Kopf • krista@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $344 per year U.S., foreign $419 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2014 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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BUYERS AND SELLERS HFF is selling Medford Center, a 335,043 sq.ft. center located in Medford, OR. The property is 89% occupied and tenants include Sears, Ashley Furniture HomeStores and Cinemark Theatres. Area demographics include a population of 146,369 within 10 miles earning $51,729 as the average household income. The company is also selling Rancho Serra Mesa Center, a 56,061 sq.ft. center located in San Diego, CA. The property is 80% occupied and CVS and Crunch Fitness anchor the center. The company is also selling Rayford Square, a 79,968 sq.ft. center located in Spring, TX. Tenants include AutoZone, Academy Sports & Outdoors and Jack-in-the-Box. For more information regarding Medford Center, contact Nick Kucha, HFF, 1000 SW Broadway, Suite 900, Portland, OR 97205; 503-417-5585; Email: nkucha@hfflp.com. For more information regarding Rancho Serra Mesa Center, contact Bryan Ley; 310407-2120; Email: bley@hfflp.com. For more information regarding Rayford Square, contact Ryan West; 713-852-3535; Email: rwest@hfflp.com. UCR Investment Sales is selling Preston Stonebrook, a 58,594 sq.ft. shopping center in Frisco, TX. Aldi shadow-anchors the site. The center is 96% occupied and tenants include Taco Bell and Hallmark. Area demographics include a population of 200,570 within a five-mile radius earning $116,891 as the average household income. For more information, contact Adam Howells, UCR Investments Sales; 214-2521185; Email: ahowells@ucr.com. RMC Ross Realty recently negotiated the $12.8-million sale of a 109,878 sq.ft. Publixanchored shopping center in Apollo Beach, FL. The company represented the seller in the transaction. For more information, contact Elliott Ross, RMC Ross Realty; 727-725-2800; Email: eross@rmcrr.com.
SRS Real Estate Partners is selling Canoe Creek Plaza, a 61,333 sq.ft. neighborhood center located in Saint Cloud, FL. Winn Dixie anchors the site and the property is 87.48% occupied. The asking price is $7.95 million. For more information, contact Kyle Stonis or Pierce Mayson, SRS Real Estate Partners; 3400 Peachtree Road Northeast, Suite 1100, Atlanta, GA 30326; 678-420-1393/404-2314696; Emails: kyle.stonis@srsre.com and pierce.mayson@srsre.com.
Progressive Real Estate Partners recently negotiated the sale of San Bernardino Plaza located along Inland Center Drive in Rancho Cucamonga, CA. Inland Center Mall, a 932,000 sq.ft. enclosed mall is across from the site. The 16,602 sq.ft. center was acquired for $1.85 million. The company represented the buyer and seller in the transaction. For more information, contact Paul Galmarini, Progressive Real Estate Partners, 9471 Haven Avenue, Suite 110, Rancho Cucamonga, CA 91730; 909-230-4500.
Faris Lee Investments is selling a 100%-occupied shopping center anchored by Goodwill and located in Buckeye, AZ. The site fronts Interstate 10. The asking price is $17.499 million with a Cap rate of 7%. For more information, contact Christopher Tramontano, Faris Lee Investments; 949-2211801; Email: ctramontano@farislee.com.
Colliers International recently negotiated the sale of a strip center located along Atlantic Boulevard in Atlantic Beach, FL. For more information, contact David Ergisi or Paul Scull, Colliers International, 50 North Laura Street, Suite 175, Jacksonville, FL 32202; 904-861-1117/1120; Web site: www.colliers.com.
Newmark Grubb Knight Frank recently negotiated the $2.4-million sale of Moremart Shopping Center, a 16,129 sq.ft. strip center in Coral Gables, FL. For more information, contact Rashid Siahpoosh, Newmark Grubb Knight Frank, 1111 Brickell Avenue, Suite 2000, Miami, FL 33131; 305-350-0915; Email: rsiahpoosh@ngkf.com.
CBRE, Inc. recently negotiated the sale of Rancho Temecula Town Center, a 165,486 sq.ft. community shopping center in Temecula, CA. At the time of sale the property was 93% occupied. Sprouts Farmers Market and LA Fitness anchor the site. The property was acquired for $60 million. For more information, contact Philip Voorhees, CBRE, Inc.; 949-725-8521.
Orion Investment Real Estate recently negotiated the $2.861-million sale of a center located along West Union Hills Drive in Glendale, AZ. At the time of sale, the property was 100% occupied. For more information, contact Andrew Harrison, Orion Investment Real Estate, 7135 East Camelback Road, Suite 202, Scottsdale, AZ 85251; 602-889-9379; Email: andrew. harrison@orionprop.com.
Cassidy Turley is selling a freestanding Shopko Hometown in Mayville, WI. The tenant is bound to a 15-year lease. The asking price is $4.2 million with a Cap rate of 7.25%. For more information, contact Colby Moore or David Buckley, Cassidy Turley; 415-677-0422/414-272-6730; Emails: colby.moore@cassidyturley.com and david. buckley@cassidyturley.com. DM
ARC Properties, Inc. recently acquired four freestanding BP fuel stations located in Doylestown, Lansdale and Philadelphia, PA. For more information, contact Robert Ambrosi, ARC Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973-249-1000; Web site: www.arcproperties.com. Calkain Cos. negotiated the sale of a strip center anchored with Subway in Dulles, VA for $8.3 million. For more information, contact Jeff Bogart or Jonathan Florin, Calkain Cos.; 703-7870687/4734; Emails: jbogart@calkain.com and jflorin@calkain.com. Dealmakers Magazine | www.dealmakers.net
UCR Investment Sales is selling Preston Stonebrook in Frisco, TX. August 1, 2014 | Page 5
OBSERVATIONS AND CONVERSATIONS “Wow! If I hung my real estate license with him, I would be looking for a way to buy the company or for another gig, because as a non-principal broker you need all the marketing support you can get.” Ann O’Neal It’s official; the ICSC is changing the RECon schedule back to a Monday opening. Even with the mid-Sunday opening, our booth was busy 90% of the time, but we did a whole lot of pre-show marketing along with giveaways to attract walk-ins. Approximately 4,000 people dropped off their business cards at our booth during the twoand-half-day show. It was hectic, but extremely productive. After a few weeks of mulling over several of my conversations from the convention, it’s become crystal clear that a lot of us in the shopping center industry are really out of touch. I felt like serenading a few of them with the Hall and Oates lyric, “You’re out of touch, and I’m out of time.” I met with leasing agents for a development company at the show, and I know most of their portfolio like the back of my hand. We were talking about the effect of the internet on future retailing. They were concerned that finding tenants will become more difficult, because so many retailers are shifting to an online presence. In my opinion, they don’t have that much to worry about, since their centers cater to a lower middle to lower-income bracket. I told them yes, certain uses are defunct such as book and video stores because of the internet, but their customer most likely doesn’t have an Amazon prime account. That comment didn’t register with them, and they continued to bellyache about the worst case scenarios. I further explained that the moms and dads that shop at their centers will still need to buy clothing, shoes, sports equipment and food for their kids no matter how much more retail sales convert to an online platform, because 1) they have no available credit and 2) you can’t fit a kid with shoes or a baseball glove without trying them on. Their rebuttal was, “Why don’t the parents just order three baseball gloves online and ship the two that don’t fit back for a return?” Again I explained, “Your customers don’t have a Master Card, Visa or even a black Amex, and if they do have a debit card from their bank, they still can’t afford to tie up cash while they wait for the returned merchandise to be credited towards their bank account in two weeks or even two days.” I’m still not sure if what I said landed, but one piece of advice I got years ago was, “Don’t try to create a tenant mix where you would shop; it has to be stores that your trade-area population will shop.” One of the leasing agents brought up that Costco would do well at one of their sites, and I disagreed. Granted, the location has a good traffic count and population density, but it’s my contention that the household income levels are too low in the 10-mile ring and severely too low in a three-mile radius. Someone piped up and said, “Everyone shops at Costco.” I had to explain that no, not everyone shops Costco; people with an average household income of $37,000 living your trade-area don’t shop at Costco on a regular basis, if ever. They are more likely to shop at Walmart, Aldi or Dollar General. Only people with enough disposable cash to buy in bulk shop at Costco. I know many of us in this industry wouldn’t think twice about buying three items with the intent to return two of the three, much less a worry about having enough money to buy next week’s groceries. I get why we are so out of touch, but the lack of understanding from younger leasing agents on the basics of how and why people shop was mind blowing. My hunch is that these leasing agents spend way too much time calling retailers that would never locate in their centers. It’s impossible to successfully lease a middle-market shopping center if you can’t grasp how middle and lower-income customers shop. Another meeting I had at the show was with a the principal of a regional brokerage company and he mentioned that if he didn’t have pre-arranged meetings for the convention then, it would have been a total bust because no one walked into his booth. As the chat progressed, I asked him, “What type of marketing did you do before the show to generate traffic to the booth?” I knew he didn’t Page 6 | August 1, 2014
advertise in The Dealmakers, so I was curious, and the response was, “I don’t like to do a lot of selfpromotion; it’s just not my thing. I like to fly under the radar. It took 12 years for us to make a name in the industry.” I asked him how his brokers felt about his unwillingness to make any media or marketing efforts for the brand that they represent. Maybe I’m stupid, but most landlords and tenants usually don’t want to give an exclusive to a brokerage company that no one has ever heard of, and why would you take over a decade to accomplish what thousands of companies have achieved in a matter of years by employing advertising and marketing campaigns? He justified his positioning for not marketing because he and his partner aren’t interested in growing the company. Wow! If I hung my real estate license with him, I would be looking for a way to buy the company or for another gig, because as a non-principal broker you need all the marketing support you can get. Plus, you really need the principals of the brokerage company to be growth-oriented in order to be constantly generating new exclusives so there is an endless supply of potential commissions. People are really interesting when they can’t get out of the way of themselves to see another or better way of doing things. I also met with an owner that bought a vacant mall for $3 psf (not a typo), and he was proud that he was able to buy it so cheap. The site has nontraditional anchors that he doesn’t own, nor control as far as use and cross easements. It’s a leasing disaster and bleeding by $100,000 a month. His partners are getting restless. After a year of trying to lease it as traditional retail, the general operating partner opened a store as an anchor on his own dime and yes, you guessed it, he has zero experience in retail both on the operations side and the landlord side. The only leasing activity has been from startups and weak mom-and-pop stores. The few stores operating carry schlock merchandise, the mall has some extreme security issues after dark and the immediate trade-area is made up of a lower-income ethnic population. I pitched him a consulting fee, and he balked at the number, which I don’t take personally. As we continued to talk, I was happy that he didn’t hire me. My gut is that the site has a higher and better use being non-retail. I explained that my approach would be to focus on niche retailers catering to an ethnic market, but from a cash flow perspective, I don’t foresee a dramatic improvement for at least a year, maybe two, if ever. It will take a lot of free rent and percentage-only deals to get retailers to take such a huge risk of opening a store in an anchorless enclosed mall. I gave him some ideas to lower operating costs and part of my consulting gig would be to knock on the doors of non-retail large space users that could buy the property turning a small profit for the owners or possibly a master ground lease with a developer to build a hotel, a hospital or multi-family, etc. He didn’t want to hear that the site might be better suited as non-retail, because he was so far down the money pit that he couldn’t see any other possibility. Obviously, he has more money than common sense or he wouldn’t have bought a minefield. Enough of the ranting; I have to wrap it up. Stop by and see us at the Boston show. If you need leads for expanding chains, check out our new web sites www.FreestandingTenants.com and www. FoodTenants.com. Here’s to making more deals, Ann O’Neal, Publisher
Dealmakers Magazine | www.dealmakers.net
TENANT REPS AND EXCLUSIVES Katz & Associates (561-869-4341) is representing The Habit Burger Grill with its expansion plans throughout FL. The restaurants prefer to occupy spaces of 2,200 sq.ft. to 2,800 sq.ft. in endcaps of shopping centers or freestanding locations. Outdoor patio space is preferred. Preferred demographics include a population of 10,000 within one mile earning at least $60,000 as the median household income. Retail Solutions (512-788-2717) is representing C$C Cash Solution Centers with its expansion plans throughout the greater Austin, TX market, with a focus in Kyle, San Marcos, New Braunfels and Bastrop. The company prefers to occupy spaces of 5,000 sq.ft. to 8,500 sq.ft. in freestanding locations. Preferred demographics include a population of 15,000 within a three-mile radius earning $50,000 as the average household income. Charter Realty & Development (203-2272922) has been the appointed the exclusive leasing agent for Avalon Norwalk, a 17,134 sq.ft. mixed-use development located along Belden Avenue in Norwalk, CT. Cotenants include McDonald’s, AutoZone and UFC Gym.
Dealmakers Magazine | www.dealmakers.net
Sabre Real Estate, LLC (516-874-8070) is representing Pet Valu with its expansion plans throughout Long Island, NY. The company occupies spaces of 2,000 sq.ft. to 4,000 sq.ft. Cohen Real Estate (212-889-0808) has been retained as the exclusive sales agent for Shoppes of Silverwood, a 65,571 sq.ft. center in Ricon, GA. The property is 100% occupied and anchored by Kroger Supermarket. R.J. Brunelli (732-721-5800) is representing Primrose Schools with its expansion plans throughout Monmouth, Middlesex and Ocean counties in NJ. The childrens’ learning centers occupy freestanding buildings on land areas of 60,000 sq.ft. Preferred demographics include a trade-area population earning $80,000 as the median household income. Koniver Stern Group (305-532-6100) is representing Brother Jimmy’s BBQ with its plans to expand into Broward County, FL. The restaurants are seeking to occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in endcaps of shopping centers or freestanding locations.
Cushman & Wakefield | Thalhimer (804648-5881) has been appointed as the exclusive leasing agent for Southgate Square, a 268,236 sq.ft. power center located along Southpark Boulevard in Colonial Heights, VA. Spaces from 1,200 sq.ft. to 10,693 sq.ft. are available. Cotenants include Kmart, PetSmart, Staples and JoAnn Fabrics. DM
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FOOD CHAINS EXPAND NATIONWIDE Peter Piper, Inc. trades as Peter Piper Pizza at 142 locations throughout AZ, CA, NM, TX and internationally. The pizzerias occupy spaces of 8,500 sq.ft. to 12,000 sq.ft. in power and strip centers and freestanding locations. Growth opportunities are sought throughout Dallas, El Paso, Houston and San Antonio, TX during the coming 18 months. Expansion is franchise-driven. For more information, contact Leslie Brown, Peter Piper, Inc., 950 West Behrend Drive, Suite 102, Phoenix, AZ 85027; 480609-6400; Email: lbrown@peterpiperpizza.com.
Pinkberry operates 261 locations nationwide and internationally. The frozen yogurt shops occupy spaces of 200 sq.ft. to 1,200 sq.ft. in endcaps and inline spaces of shopping centers, as well as kiosks. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Ryan Patel, Pinkberry, 3130 Wilshire Boulevard, Fourth Floor, Santa Monica, CA 90403; 310-2992500; Email: ryan.patel@pinkberry.com.
Russo’s Restaurants trades as Russo’s New York Pizzeria and Russo’s Coal-Fired Italian Kitchen at 30 locations throughout AR, OK, TN and TX. The restaurants occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in various retail locations. Growth opportunities are sought throughout Austin, Dallas, Houston and San Antonio, TX, as well as Honolulu, HI during the coming 18 months. For more information, contact Anthony Russo, Russo’s Restaurants, 5847 San Felipe, Suite 1730, Houston, TX, 77057; 713-8211322; Email: anthony@nypizzeria.com.
Escape Enterprises, Ltd. trades as Steak Escape Sandwich Grill at 64 locations nationwide and internationally. The restaurants occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in inline spaces and 2,000 sq.ft. to 2,500 sq.ft. in freestanding locations. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Anthony Ticconi or Lloyd Allen, Escape Enterprises, Ltd., 222 Neilston Street, Columbus, OH 43215; 614-224-0300, Fax 614-224-6460; Email: aticconi@steakescape.com; Web site: www.steakescape.com.
Twin Peaks operates 53 locations throughout AR, AZ, CO, FL, GA, IA, ID, IL, LA, KS, MO, MS, NC, NE, NM, NV, OK, TN and TX. The chain of sports bar/restaurants prefer to occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in second-generation spaces. Growth opportunities are sought throughout the west coast and along the northeast corridor of the U.S. during the coming 18 months. For more information, contact Emily Rankin, Twin Peaks, 5151 Beltline Road, Suite 1200, Dallas, TX 75254; 972-2126872; Email: emily.rankin@fbrest.com.
Sarku Japan operates more than 200 locations nationwide. The restaurants occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in endcaps and inline spaces of shopping centers, along with streetfronts. Growth opportunities are sought throughout NJ and Staten Island and Rockland, NY during the coming 18 months, with representation by Summit Realty, LLC. For more information, contact Bob Delia, Summit Realty, LLC, 9 White Oak Drive, Califon, NJ 07830; 908-832-0276; Email: bdelia@summitrealtyllc.com.
Twin Peaks is seeking growth opportunities throughout the west coast and along the northeast corridor of the U.S. during the coming 18 months. Page 8 | August 1, 2014
BJ’s Restaurant & Brewhouse operates 150 locations throughout AR, AZ, CA, CO, FL, IN, KS, KY, LA, MD, NM, NV, OH, OK, OR, TX, VA and WA. The restaurant/bars prefer to occupy spaces of 7,200 sq.ft. to 8,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout AZ during the coming 18 months, with representation by Colliers International. The Olive Garden operates more than 800 locations nationwide and internationally. The casual dining Italian restaurants occupy spaces of 7,500 sq.ft. in power centers. Plans call for eight openings throughout AZ during the coming 18 months, with representation by Colliers International. LongHorn Steakhouse operates more than 350 locations nationwide. The restaurants prefer to occupy spaces of 6,300 sq.ft. in power centers. Growth opportunities are sought throughout AZ during the coming 18 months, with representation by Colliers International. For more information, contact Tom Woods or Brian Woods, Colliers International, 2390 East Camelback Road, Suite 100, Phoenix, AZ 85016; 602-222-5031/5026; Email: tom. woods@colliers.com. RA Sushi operates 27 locations throughout AZ, CA, FL, GA, IL, KS, MD, NV and TX. The restaurant/bars occupy spaces of 5,000 sq.ft. in mixed-use centers and urban areas. Growth opportunities are sought throughout the metropolitan Washington, DC area during the coming 18 months, with representation by Next Realty MidAtlantic, LLC. Thai by Thai operates two locations in Fairfax and Sterling, VA. The restaurants occupy spaces of 2,000 sq.ft. in inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout the metropolitan Washington, DC area during the coming 18 months, with representation by Next Realty Mid-Atlantic, LLC. Corner Bakery Cafe operates 165 locations throughout AZ, CA, CO, FL, GA, IL, KS, MD, MS, NJ, NM, NY, PA, RI, TX, UT, VA and Washington, DC. The fast-casual restaurants occupy spaces of 3,800 sq.ft. to 4,000 sq.ft. in mixed-use, power and strip centers, malls, freestanding locations and urban/downtown areas. Growth opportunities are sought throughout the metropolitan Washington, DC area during the coming 18 months, with representation by Next Realty MidAtlantic, LLC. For more information, contact Andrew Rose, Next Realty Mid-Atlantic, LLC, 1750 Old Meadow Road, Suite 250, McLean, VA 22102; 703-442-4500; Email: arose@nextrealty.com. (continued on page ten)
Dealmakers Magazine | www.dealmakers.net
WHO’S OPENING AND WHERE Wal-Mart Stores, Inc. (479-273-4000) is planning to open a Walmart store at the intersection of Longenbaugh Drive and Barker Cypress Road in the Cy-Fair area of TX during late 2015. The company is also slated to open a Walmart Supercenter at Metrocenter Mall in Phoenix, AZ during 2016. The company trades as Walmart, Walmart Supercenter, Walmart Neighborhood Market and Walmart Express and currently operates more than 9,000 locations, as well as more than 621 Sam’s Club locations, nationwide and internationally. Nordstrom, Inc. (206-628-2111) is planning to open six Nordstrom Rack stores throughout Canada during the coming three years, as well as continue expansion within the U.S. The chain offers apparel, footwear and accessories for men and women, and currently operates more than 270 locations nationwide throughout 36 states, trading as Nordstrom at 117 locations, Nordstrom Rack at 150 locations, Jeffrey boutique at two locations and one clearance outlet. In-N-Out Burger (714-969-8099) plans to open quick-serve restaurants throughout AZ, CA, NV and TX during the coming 18 months. The company prefers to occupy spaces of 3,800 sq.ft. on pad sites of shopping centers and freestanding locations. The chain currently operates 280 locations throughout AZ, CA, NV, TX and UT. East Coast Wings Corp. (336-760-4985) through a franchisee, is planning to open nine additional East Coast Wings & Grill restaurants throughout central FL by 2020. The company prefers to occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. and currently operates 30 locations throughout FL, GA, NC, SC, TN and TX.
The Halal Guys (347-527-1505) is planning to open 100 restaurants worldwide during the coming five years, including locations in Los Angeles, CA along the east coast of the U.S. and in Canada. The company offers gyros and chicken dishes. Planet Subs (816-295-0611) through a franchisee, is planning to open five sub shops throughout northern OH during the remainder of this year. The chain, offering subs, wraps, soups and salads, currently operates 34 units, with another 45 locations currently in development. Sloan’s Ice Cream (561-839-3000), through franchisees, are planning to open 200 ice cream shops nationwide during the coming five to seven years. The company currently operates five locations in Palm Beach County, FL. Wingstop Restaurants, Inc. (972-235-1845), through a franchisee, is planning to open nine Wingstop restaurants throughout MN. The company currently operates more than 550 locations nationwide. Quizno’s Subs (720-359-3300) is opening locations nationwide and internationally. The chain of sub shops currently operates more than 3,000 locations worldwide. The Joint Corp. (480-245-5960) currently has 450 chiropractic healthcare clinics in development. The company operates 200 locations throughout 30 states. Best Buy (612-291-1000) is planning to open 600 to 800 small mobile Best Buy stores over the next five years.
Hibachi Grill & Supreme Buffet (615678-8183) is planning to open locations throughout the New York, NY metropolitan area during the coming 18 months. The chain of restaurants is represented by Mason Asset Management. The company occupies spaces of 9,000 sq.ft. to 20,000 sq.ft. in shopping centers and second-generation spaces and currently operates more than 30 restaurants throughout the eastern region of the U.S. Primark (781-487-2102) is planning to open its first U.S. store later this year in Boston, MA, with additional openings planned along the east coast. The company, based in the United Kingdom, currently operates 271 locations throughout nine countries in Europe. Juicy Couture (888-824-8826) is launching a new high-end concept trading as World of Juicy. The first location is slated to open in New York, NY during spring 2015. The company offers women’s apparel and accessories. Busch’s, Inc. (734-214-8088) plans to open a 54,000 sq.ft. Busch’s Fresh Food Market location along Canton Center Road in Canton, MI during 2015. Dutch Bros. Coffee (541-955-4700), through a franchisee, is planning to open 10 coffee shops throughout West Valley region of AZ. The Kroger Co. (513-762-4000) is planning to open a Ruler Foods market at The Orchards shopping center, located along Illinois 159 in Collinsville, IL. The company is also opening a location at the intersection of 17th Street and North Belt West in Belleville, IL. DM
Blaze Fast Fire’d Pizza (626-584-5880) is planning to open restaurants throughout Boston, MA; Dallas and Houston, TX; Las Vegas, NV; Albany, NY, Richmond, VA and Phoenix, AZ during 2015. The chain, offering customers a create-your-own pizza concept, occupies spaces of 2,400 sq.ft. and will operate 60 locations by the end of the year. Tim Hortons, Inc. (888-601-1616), through area developer Show Me Hospitality, is planning to open 40 Tim Hortons Café & Bake Shops throughout the greater St. Louis, MO area by 2019. The TJX Cos. (508-390-1000) has a long term goal of operating 5,150 locations worldwide, 60% more than its current store base. Dealmakers Magazine | www.dealmakers.net
Primark is planning to open its first U.S. store later this year in Boston, MA, with additional openings planned along the east coast. August 1, 2014 | Page 9
FOOD CHAINS EXPAND NATIONWIDE (continued from page eight)
Pret A Manger operates more than 60 locations in Chicago, IL; Boston, MA; New York, NY and Washington, DC. The restaurants occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in freestanding and corner locations, street fronts and central business districts. Growth opportunities are sought throughout Chicago, IL during the coming 18 months, with representation by Newmark Grubb Knight Frank. For more information, contact Gregory Kirsch, Newmark Grubb Knight Frank, 500 West Monroe Street, Suite 2900, Chicago, IL 60661; 312-315-5000; Email: gkirsch@ngkf.com. Zaxby’s operates 615 locations throughout AL, AR, FL, GA, IN, KY, MO, MS, NC, OK, SC, TN, TX, UT and VA. The quick-serve restaurants occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets, in addition to LA, during the coming 18 months, with representation by Snow Properties, Inc. For more information, contact Tommy Mitchell, Snow Properties, Inc., 1040 Founders Boulevard, Suite 100, Athens, GA 30606; Email: tmitchell@zaxbys.com. Toby’s Estate operates three locations in NY. The coffee shops occupy spaces of 600 sq.ft. to 1,200 sq.ft. in strip centers and urban/ downtown locations. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by BCD. For more information, contact Alexandra Turboff, BCD, 10 West 37th Street, 3rd Floor, New York, NY 10018; 212-260-5210 Ext. 16; Email: aturboff@bcdmail.com.
Alamo Drafthouse Cinema operates 14 locations throughout CA, CO, MI, MO, NY, TX and VA. The movie theaters/restaurants prefer to occupy spaces of 22,000 sq.ft. to 33,000 sq.ft. in shopping centers and freestanding locations. Growth opportunities are sought throughout CT, DE, FL, GA, MA, NC, NH, NJ, NY, OH, PA, SC, VA and Washington, DC during the coming 18 months, with representation by Charter Realty & Development Corp. b.good operates 14 locations throughout CT, MA, ME and RI. The restaurants, offering burgers, salads and shakes, prefer to occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in neighborhood centers, regional malls and freestanding locations. Growth opportunities are sought throughout CT, MA, ME, NH, RI and VT during the coming 18 months, with representation by Charter Realty & Development Corp. Smashburger operates 272 locations nationwide and internationally. The restaurants occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in neighborhood and strip centers, malls and freestanding locations. Growth opportunities are sought throughout Fairfield County, CT, as well as Bronx, Manhattan and Westchester County, NY during the coming 18 months, with representation by Charter Realty & Development Corp. Dunkin’ Donuts operates 11,000 locations nationwide and internationally. The donut shops occupy spaces of 500 sq.ft. to 1,500 sq.ft. in neighborhood and strip centers, regional malls and freestanding locations. Growth opportunities are sought throughout Long Island and New York, NY during the coming 18 months, with representation by Charter Realty & Development Corp. For more information regarding Alamo Drafthouse Cinema, contact Dan Zelson, Charter Realty & Development Corp.,
b.good is seeking growth opportunities throughout CT, MA, ME, NH, RI and VT during the coming 18 months. Page 10 | August 1, 2014
183 Main Street, Westport, CT 06880; 203-227-2922, Fax 203-227-8388; Email: dan@chartweb.com; Web site: www.chartweb.com. For more information regarding b.good, contact Carol Hutchinson, 1666 Massachusetts Avenue, Boston, MA 02420; 617-623-4333; Email: carol@chartweb.com; For more information regarding Smashburger and Dunkin’ Donuts, contact Peter Levine, 183 Main Street, Westport, CT 06880; 203-227-2922; Email: peter@chartweb.com. Master Wok operates 100 locations throughout the northeast region of the U.S. The restaurants prefer to occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Jeffery Realty, Inc. For more information, contact Shane Wierks, Jeffery Realty, Inc., 116 Route 22, North Plainfield, NJ 07060; 908-668-9600 Ext. 223; Email: swierks@jefferyrealty.com. Wendy’s International trades as Wendy’s at more than 6,800 locations nationwide. The fast-food restaurants occupy spaces of 3,800 sq.ft. in strip and power centers, urban areas and freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Ashley Sperling or Christie Meyer, Wendy’s International, 1165 Sanctuary Parkway, Suite 300, Alpharetta, GA 30009; 770-283-3800; Email: ashley.sperling@wendys.com. Yumz Gourmet Frozen Yogurt trades as Yumz Gourmet Frozen Yogurt and Yumz Express at 14 locations nationwide. The frozen yogurt shops occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in power centers. Growth opportunities are sought throughout FL, IA, IL, NV and WI during the coming 18 months. For more information, contact John Barnes, Yumz Gourmet Frozen Yogurt, 700 Church Road, Elgin, IL 60123; 702-328-6361; Email: jbarnes@yumzfrozenyogurt.com. Ledo Pizza operates 10 locations nationwide. The pizzerias occupy spaces of 2,600 sq.ft. to 3,000 sq.ft. in strip centers. Growth opportunities are sought throughout Towson, Reisterstown and Owings Mills, MD during the coming 18 months, with representation by Renaud Consulting. For more information, contact Brendan Clark, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182 571-765-4426; Email: bclark@renaudconsulting.net. DM Dealmakers Magazine | www.dealmakers.net
LEASE SIGNINGS Goodman Real Estate Services Group, LLC (216-342-9309) recently negotiated the following leases: with Marshalls at Northtowne Mall in Defiance, OH, with Randall Goodman of Goodman Real Estate Services Group, LLC representing the tenant, The TJX Cos., in the transaction; with Winking Lizard Tavern at City Centre of Avon in Avon, OH, with Randall Goodman representing the landlord in the transaction; with Scrambler Marie’s for space at Great Northern Plaza in North Olmsted, OH, with Zack Sogoloff of Goodman Real Estate Services Group, LLC representing the tenant in the transaction; with Chipotle Mexican Grill for space at Portage Crossing in Cuyahoga Falls, OH, with Richard Edelman of Goodman Real Estate Services Group, LLC representing the tenant in the transaction; with Flip Side at Old River Shopping Center in Rocky River, OH, with Stephen Taylor of Goodman Real Estate Services Group, LLC representing the tenant in the transaction and with The Tile Shop for space at Points East Shopping Center in Mentor, OH, with Zack Sogoloff representing the landlord in the transaction. Goldschmidt & Associates (914-723-1616) negotiated the following leases in Scarsdale, NY: with Pookie & Sabastian apparel store for 1,750 sq.ft., with Pam Bren Goldschmidt of Goldschmidt & Associates representing the landlord and the tenant in the transaction; with Green with Envy in Armonk for 918 sq.ft., with Pam Bren Goldschmidt representing the landlord and tenant in the transaction; with Second Time Around consignment store for 1,100 sq.ft., with JoAnn Picarillo of Goldschmidt & Associates representing the landlord in the transaction and with NaMu Korean Steakhouse for 2,150 sq.ft., with JoAnn Picarillo representing the landlord and the tenant in the transaction. Winick Realty Group (212-792-2650) negotiated a lease with Dear Rivington, a boutique apparel store, for 2,000 sq.ft. along Great Jones Street in New York, NY. Aaron Fishbein and Darrell Rubens of Winick Realty Group represented the tenant in the transaction. Adelphia Properties (630-455-4495) negotiated a lease with Tosev Automotive, Inc. for 1,800 sq.ft. along South Lee Street in Des Plaines, IL. George Spirrison of Adelphia Properties represented the landlord and tenant in the transaction. Legend Properties, Inc. (610-941-4034) negotiated a lease with Moe’s Southwest Grill for 2,800 sq.ft. at Marketplace at Oaks in Oaks, PA. Dealmakers Magazine | www.dealmakers.net
SOURCES OF FINANCING
Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated the following leases throughout WI: with Premier Laser for 1,663 sq.ft. at The Brownstones Shopping Center in Brookfield, with Teresa Shemits and Andrew Prater of Mid-America Real Estate – Wisconsin, LLC representing the landlord in the transaction; with Chipotle for 2,300 sq.ft. along County Road in Appleton, with Adam Dreier of Mid-America Real Estate – Wisconsin, LLC representing the tenant in the transaction and with Kids Having Fun Drop-In Playcare for 3,521 sq.ft. at Northwest Fashion Square in Milwaukee, with Andrew Prater of Mid-America Real Estate – Wisconsin, LLC representing the landlord in the transaction.
Brown Gibbons Lang & Co. recently launched Brown Gibbons Lang Real Estate Partners. The company will provide advisory services to owners and investors seeking to recapitalize, monetize or acquire retail real estate properties nationwide. For more information, contact Wendy Neal, Brown Gibbons Lang & Co., 1111 Superior Avenue, Suite 900, Cleveland, OH 44114; 216-920-6611; Email: wneal@bglco.com. DM
FIP Realty Services, LLC (305-682-4991) negotiated a lease with Presidente Supermarkets for 42,500 sq.ft. at Miramar Parkway Plaza in Miramar, FL. The grocery store chain caters to Hispanic customers. Roy Faith and Dave Colonna of FIP Realty Services, LLC represented the landlord in the transaction.
Cullinan Properties, Ltd. (309-999-1700) promoted Kathleen Cullinan Brill to vice president – director of leasing. In her new role, Brill will direct leasing, sales and marketing functions and manage third party broker relationships. The company also recently hired Lelonie Luft as director of marketing at the company’s Peoria, IL office. In her new position, Luft will oversee the firm’s corporate marketing and brand presence, in addition to implementing marketing strategies for new and existing retail properties.
The Goldstein Group (201-703-9700) leased space at Village Shopping Center in New Providence, NJ, with Starbucks for 2,200 sq.ft.; Chipotle for 2,500 sq.ft.; Choice Pets for 2,800 sq.ft.; AT&T Mobility for 1,700 sq.ft. and Dim Sum Villa for 3,570 sq.ft. Rappaport (571-382-1200) negotiated a lease with Bella Pranzo pizzeria for 2,904 sq.ft. at Village at Leesburg, located along Route 7 in Leesburg, VA. NewMark Merrill Cos. (818-710-6100) negotiated a lease with Hobby Lobby for 42,000 sq.ft. at Stratford Crossing, a 378,000 sq.ft. center located along Gary Avenue in Bloomingdale, IL. Divaris Real Estate, Inc. (757-497-2113) negotiated a sub-lease with Northern Tool + Equipment Co., Inc. for 20,000 sq.ft. at Crown Point Plaza Shopping Center in Charlotte, NC. Charter Realty & Development (203-2272922) negotiated a lease with Advance Auto Parts for 11,382 sq.ft. at Oak Park Commons, located along Oak Tree Avenue in South Plainfield, NJ. The transaction was co-brokered by Rick Riccardi of NJ Commercial Realty. Renaud Consulting (703-404-2346) negotiated a lease with Lost Dog Café in Alexandria, VA. Brendan Clark of Renaud Consulting represented the tenant in the transaction. DM
REAL ESTATE PROFESSIONALS MAKING THE NEWS
Sperry Van Ness Miller Commercial Real Estate (410-543-2440) recently hired Will Moore as an associate advisor. He will concentrate on the leasing of retail properties throughout the eastern shore area in MD. The company specializes in brokerage, consultation and leasing services throughout DE and MD, in addition to asset and property services throughout DE, MD and VA. Passov Real Estate Group (216-831-8100) recently hired Michael DiFranco as a sales associate. SRSA Commercial Real Estate (504-8312363) recently hired Michael Corrigan as a sales and leasing associate. DM
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SUPERMARKET CHAINS EXPAND NATIONWIDE (continued from page one)
Safeway, Inc. trades as Randall’s Food and Drug and Tom Thumb at 107 locations throughout TX. The supermarkets, featuring seafood, floral, cosmetic, bakery and pharmacy departments, occupy spaces of 55,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout Austin, Dallas and Houston, TX during the coming 18 months. For more information, contact David Hardin, Safeway, Inc., 3663 Briarpark Drive, Houston, TX 77042; 713-268-3500, Fax 713268-3601; Email: david.hardin@safeway. com; Web site: www.randalls.com.
Tunie’s Natural Grocery & Vitamin Market operates two locations in FL. The specialty grocery stores, offering all natural food products as well as vast selection of vitamins and supplements, occupy spaces of 16,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Broward and Palm Beach counties in FL during the coming 18 months, with representation by Realty Investors, Inc. For more information, contact Michael Glusman, Realty Investors, Inc., 7740 Montecito Place, Delray Beach, FL 33446; 561-865-9143, Fax 561-499-8101; Email: maglusman@aol.com; Web site: www.tunies.com.
H ! T R I E W D GO RKET LEYATHING LESS? A MA FOR AN LE T T E S WHY
Niemann Foods, Inc. trades as County Market, Cub Foods and Save-A-Lot at 68 locations throughout IA, IL and MO. The supermarkets, featuring bakery, deli, produce and pharmacy departments, occupy spaces of 18,000 sq.ft. to 60,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company is also in the process of rolling out County Market Express, a chain of convenience stores. For more information, contact Jon Vrandenburg, Niemann Foods, Inc., 1501 North 12th Street, Quincy, IL 62306; 217221-5600 Ext. 5771, Fax 217-221-5927; Email: jvrandenburg@niemannfoods.com.
NOW OPEN IN ALASKA & BRAZIL!
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,800 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., over 360 stores in Mexico, and have recently opened in Brazil.
Grant’s Supermarket trades as Grant’s and Gray’s Marketplace at two locations throughout ME and NH. The supermarkets occupy spaces of 10,000 sq.ft. to 15,000 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 Paul McGonagle, Grant’s Supermarket, PO Box 213, Glen, NH 03838-0213; 603-383-4282, Fax 603-383-4601. DM
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Wakefern Food Corp. trades as Price Rite at more than 50 locations throughout CT, DE, MA, MD, NJ, NY, PA, RI and VA. The supermarkets occupy spaces of 39,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout VA during the coming 18 months. The company will also consider second-generation spaces. Typical leases run 15 years. Preferred cotenants include Target, Kohl’s, Bed Bath & Beyond, Home Depot, T.J. Maxx and Aarons. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the median household income. A land area of four acres is required for freestanding locations. ShopRite operates more than 250 locations throughout CT, DE, MD, NJ and Long Island and the surrounding boroughs of New York, NY, as well as in PA. The supermarkets occupy spaces of 65,000 sq.ft. in freestanding locations and neighborhood, power and strip centers, as well as urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 40,000 to 60,000 within five miles. A land area of seven acres is required for freestanding locations. For more information, contact Tish Daly, Wakefern Food Corp., 33 Northfield Avenue, Edison, NJ 08837; Email: tish.daly@wakefern.com; Web sites: www.priceritesupermarkets.com and www.shoprite.com.
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Dealmakers Magazine | www.dealmakers.net
LEAD SHEET Hats in the Belfry Charlie Phelps c/o Paraclete Realty 111 Cameron Parke Place, Suite 100 Alexandria, VA 22304 301-536-7900 Email: charlie@paracleterealty.com Web site: www.paracleterealty.com
Accessories The five-unit chain operates locations throughout the Washington, DC metropolitan area. The stores, offering men’s and women’s hats and accessories, occupy spaces of 1,000 sq.ft. in tourist areas and street fronts. Growth opportunities are sought throughout the Washington, DC metropolitan area during the coming 18 months, with representation by Paraclete Realty.
Children’s Orchard Cathy Marks 2100 South Main Street, Suite B Ann Arbor, MI 48103 734-994-9199, Fax 734-994-9323 Web site: www.childrensorchard.com
Apparel The 32-unit chain operates locations throughout CA, KS, MA, MI, MO, NH, NV, OK, TN, TX and WI. The stores, offering the sale and resale of children’s brand name apparel, furniture, books and accessories, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in power and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Expansion is franchise-driven.
DTLR, Inc. Laurie Mazzotta c/o The Mazzotta Group 100 West Round, Suite 300 Baltimore, MD 21204 410-494-6500, Fax 410-783-8999
Apparel The chain operates more than 100 locations throughout AL, GA, IL, IN, MD, MO, NC, NJ, NY, SC, VA and the Washington, DC metropolitan area. The stores, offering urban-inspired apparel, footwear and accessories for men and women, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout northern FL, GA, NC and SC during the coming 18 months, with representation by The Mazzotta Group. A vanilla shell and tenant improvement allowance is required.
AAA (Northern California, Nevada, Utah) dba AAA Cathy Hamilton 1900 Powell Street, Suite 1200 Emeryville, CA 94608 510-596-5384 Email: cathy.a.hamilton@goaaa.com
Automotive The 95-unit chain operates locations throughout CA, NV and UT. The company, offers automotive services, as well as travel and insurance products, and prefers to occupy spaces of 5,000 sq.ft. on pad sites of shopping centers. Plans call for four openings throughout the existing markets during the coming 18 months.
Calendar Holdings, LLC dba Go! Books and Books Express Lori Lesko 6411 Burleson Road Austin, TX 78744 512-386-7220, Fax 512-369-6192 Email: loril@calendars.com Web site: www.calendarholdings.com
Books The 25-unit chain operates locations nationwide. The discount book stores are seeking spaces of 2,400 sq.ft. to 25,000 sq.ft. in regional malls, outlet and lifestyle centers. The company prefers to operate Go! Books concept in combination with a Go! Calendar, Games and/or Toys store. Expansion opportunities are sought throughout the existing market during the coming 18 months.
Five Below Tom Rettaliata c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: trettaliata@ripcony.com Web site: www.ripcony.com
Discount The 338-unit chain operates locations nationwide in 20 states. The stores, offering trendright products priced between $1 and $5 dollars for teens and pre-teens, occupy spaces of 8,000 sq.ft. in outlet, power and strip centers. Growth opportunities are sought throughout northern NJ, Long Island, Staten Island and Queens, NY during the coming 18 months, with representation by Ripco Real Estate.
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August 1, 2014 | Page 13
LEAD SHEET Verizon Wireless Harold Shumacher c/o The Shumacher Group 845 Spring Street Northwest, Penthouse 4 Atlanta, GA 30308 404-240-0040, Fax 404-266-9271 Email: harold@shumacher.com Web site: www.shumacher.com
Electronics The chain operates locations nationwide. The stores, offering cellular phones and related services and accessories, occupy spaces of 4,000 sq.ft. to 4,800 sq.ft. in freestanding locations, lifestyle, power and specialty centers, as well as urban/downtown areas. Plans call for one to two openings throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group.
iPic Theaters David Greenman c/o Silbert Realty & Management Co., Inc. 85A Division Avenue Millington, NJ 07946-0406 908-604-6900, Fax 908-604-2030 Web site: www.ipictheaters.com
Entertainment The 12-unit chain operates locations throughout AZ, CA, FL, IL, MD, TX, WA and WI. The movie theaters, featuring oversized leather seats, and offering food and alcoholic beverages, occupy spaces of 30,000 sq.ft. to 75,000 sq.ft. in downtown areas and regional centers. Growth opportunities are sought throughout NJ during the coming 18 months, with Silbert Realty & Management Co., Inc.
Topgolf International, Inc. dba Topgolf Adrienne Browne Chance 1717 McKinney Avenue, Suite 800 Dallas, TX 75202 214-377-0615 Email: adrienne.browne@topgolf.com Web site: www.topgolf.com
Entertainment The 13-unit chain operates locations nationwide and in the United Kingdom. The golf facilities occupy spaces of 65,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Brandon, FL during the coming 18 months. The company prefers to locate in high traffic areas near corporate complexes.
Push Pedal Pull Director of Real Estate 2306 West 41st Street Sioux Falls, SD 57105 888-861-8978, Fax 605-336-3328 Web site: www.pushpedalpull.com
Fitness The 14-chain operates locations throughout IA, MN, MO, ND, NE, OK, SD and TN. The stores, selling fitness equipment and related products, occupy spaces of 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout AR, KS and MO during the coming 18 months.
Retro Fitness Ray Lauletti 43 County Road 537 West Colts Neck, NJ 07722 732-431-0062 Ext. 23 Email: rayl@retrofitness.com Web site: www.retrofitness.net
Fitness The chain operates more than 100 locations nationwide in 19 states. The fitness centers occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in shopping centers. Growth opportunities are sought throughout CA, CT, DE, FL, IL, MA, MD, MI, NC, NJ, NY, PA, TX and VA during the coming 18 months. Preferred cotenants include grocery stores.
Soul Cycle Peter Levine c/o Charter Realty & Development Corp. 183 Main Street Westport, CT 06880 203-227-2922, Fax 203-227-8388 Email: peter@chartweb.com Web site: www.chartweb.com
Fitness The 29-unit chain operates locations throughout CA, CT, MA, NJ and NY. The facilities, featuring indoor cycling classes, occupy spaces of 2,500 sq.ft. to 3,300 sq.ft. in freestanding locations, neighborhood and strip centers, as well as office complexes. Growth opportunities are sought throughout Fairfield County, CT; Boston, MA and Westchester County, NY during the coming 18 months, with representation by Charter Realty & Development Corp.
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LEAD SHEET Workout Anytime Randy Trotter 4514 Chamblee Dunwoody Road, Suite 428 Dunwoody, GA 30338 770-403-7203, Fax 770-234-0105 Email: rtrotter@workoutanytime.com Web site: www.workoutanytime.com
Fitness The 57-unit chain operates locations nationwide. The 24-hour gym facilities occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout AL, CA, FL, GA, IL, IN, NC, OH, SC, TN and TX during the coming 18 months.
Tuesday Morning Greg Bracchi c/o Edge Realty Partners 5950 Berkshire Lane, Suite 200 Dallas, TX 75225 214-545-6900 Email: gbracchi@edge-re.com Web site: www.edge-re.com
Home Furnishings The chain operates more than 800 locations nationwide. The stores, offering decorative household items, including rugs, seasonal items, garden accessories, dinnerware and artwork, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout AR, OK, NM and TX during the coming 18 months, with representation by Edge Realty Partners.
European Wax Center Andrew Rose c/o Next Realty Mid-Atlantic, LLC 1750 Old Meadow Road McLean, VA 22102 703-442-4500 Email: arose@nextrealty.com Web site: www.nextrealty.com
Service The chain operates more than 600 locations nationwide. The company offers waxing services and related products, and prefers to occupy spaces of 1,500 sq.ft. to 1,700 sq.ft. in shopping centers and downtown areas. Growth opportunities are sought throughout the Washington, DC metropolitan area during the coming 18 months, with representation by Next Realty Mid-Atlantic, LLC.
Famous Footwear Tom Woods or Brian Woods c/o Colliers International 2390 East Camelback Road, Suite 100 Phoenix, AZ 85016 602-222-5000, Fax 602-222-5001 Emails: tom.woods@colliers.com or brian.woods@colliers.com Web site: www.colliers.com
Shoes The 1,100-unit chain operates locations nationwide. The stores, offering family footwear, occupy spaces of 6,000 sq.ft. to 7,000 sq.ft. in power centers. Growth opportunities are sought throughout AZ during the coming 18 months, with representation by Colliers International. Preferred cotenants include Walmart Supercenter and Super Target.
Dick’s Sporting Goods – Field & Stream Chuck Smithey 148 Hickory Place Lane Wilkesboro, NC 28697 336-818-1665 Email: charles.smithey@dcsg.com Web site: www.dickssportinggoods.com
Specialty The three-unit chain operates locations throughout KY and PA. The stores, offering outdoor equipment, hunting, fishing and camping gear, occupy spaces of 50,000 sq.ft. in freestanding locations. Plans call for 12 to 15 openings throughout the eastern region of the U.S. during the coming 18 months.
Stokes, Inc. dba Stokes, Fenton Gourmet and Think Kitchen Stuart Shiveck 5660 Ferrier Street Montreal, Quebec, Canada H4P 1M7 514-341-4334, Fax 514-341-1081 Email: sshiveck@stokesstores.com Web site: www.stokesstores.com
Specialty The chain operates 150 locations throughout Canada. The stores, offering kitchenware products and home décor items, occupy spaces of 1,500 sq.ft. to 3,500 sq.ft. in malls, lifestyle, outlet, power and specialty centers, as well as street fronts. Plans call for six to 10 openings throughout the existing market during the coming 18 months.
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August 1, 2014 | Page 15
LEAD SHEET Sur La Table Steve Bartha c/o S.J. Bartha Consulting Group, LLC 7525 East Gainey Ranch Road, Suite 176 Scottsdale, AZ 85258 480-686-9161 Web site: www.surlatable.com
Specialty The 118-unit chain operates locations nationwide. The company sells a variety of kitchen products, as well as offers in-store cooking classes, and prefers to occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in regional malls, lifestyle centers and urban/downtown areas. Plans call for five to seven openings throughout the existing market during 2015, with representation by S.J. Bartha Consulting Group, LLC. Preferred cotenants include upscale retailers.
Teavana Jayson Siano, Scott Sher, Russel Helbling, Douglas Bomzer or Jennifer Star c/o Sabre Real Estate 500 Old Country Road, Suite 209 Garden City, NY 11530 516-874-8070 Email: jayson@sabreny.com Web site: www.teavana.com
Specialty The 300-unit chain operates locations nationwide and in Canada and Mexico. The stores, offering a variety of teas and related accessories and gift items, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout northern NJ and Long Island, NY during the coming 18 months, with representation by Sabre Real Estate. Preferred cotenants include luxury retailers.
PGA Tour Superstore Steve Miller or Bill Rotella c/o The Rotella Group, Inc. 3300 North Federal Highway, Suite 200 Ft. Lauderdale, FL 33306 954-568-9015, Fax 954-568-9597 Web site: www.rotellagroup.com
Sporting Goods The chain operates more than 15 locations throughout AZ, CA, CO, FL, GA, IL, NJ, NY, SC and TX. The stores, offering golf related products, apparel and footwear, along with tennis apparel, accessories and footwear, occupy spaces of 50,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout southeastern FL during the coming 18 months, with representation by The Rotella Group, Inc.
REI Tim McNamara c/o Sullivan Hayes Cos. 10 Waterside Drive, Suite 200 Farmington, CT 06032 860-470-1977, Fax 860-679-5260 Email: tmcnamara@sullivanhayesne.com Web site: www.rei.com
Sporting Goods The 135-unit chain operates locations nationwide. The stores, offering outdoor recreational equipment and apparel, occupy spaces of 25,000 sq.ft. in lifestyle, mixed-use and strip centers. Growth opportunities are sought throughout Albany, NY and the New England region of the U.S. during the coming 18 months, with representation by Sullivan Hayes Cos.
General Nutrition Centers dba GNC Sharon Knox 300 Sixth Avenue, 7th Floor Pittsburgh, PA 15222 412-288-4600, Fax 412-288-2076 Web site: www.gnc.com
Vitamins The 4,800-unit chain operates locations nationwide and internationally. The stores, offering health foods, vitamins, mineral and related supplements, occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in malls, specialty and strip centers, as well as downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years. A vanilla shell is required. Preferred demographics include a population of 35,000 within two miles. The company is franchising.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. Page 16 | August 1, 2014
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SPACE PLACE Alabama
Arizona
California
Fairfield – Flintridge Centre, a 293,000 sq.ft. center located along Aaron Aronov Drive, has inline and anchor spaces available. Cotenants include Legacy Bingo, Cato and Radio Shack. For more information, contact Nassimi Realty, LLC, 7 Penn Plaza, Suite 1600, New York, NY 10001; 212-643-8080, Fax 212643-2626; Email: info@nassimirealty.com; Web site: www.nassimirealty.com.
Gilbert – Gilbert Town Square, located along South Gilbert Road, has spaces available. Cotenants include Buffalo Wild Wings, IHOP, Bank of America, Brunswick Bowling Alley and Regal Theatres. Area demographics include a population of 145,176 within five miles earning $109,486 as the median household income. For more information, contact Bill Hardy, BH Properties, 11111 Santa Monica Boulevard, Suite 600, Los Angeles, CA 90025; 310-820-8888 Ext. 123, Fax 310820-8070; Email: bill.hardy@bhproperties. com; Web site: www.bhproperties.com.
Chino – Stater Bros. Plaza, located at the intersection of Schaefer Avenue and Euclid Avenue, has spaces available. Cotenants include Stater Bros. Market, Chase Bank, Starbucks, Carl’s Jr., Subway, Mountain Mike’s Pizza, Juice it Up and Fantastic Sams. Area demographics include a population of 13,000 within a three minute drive-time earning $88,189 as the average household income. The average daily traffic count is 33,000 vehicles. For more information, contact Peter Laird, The Evans Co., 760-773-9832 Ext. 4; Email: peter@theevanscompany.com.
Tempe – Tempe Village, located at the intersection of Priest Avenue and Southern Avenue, has spaces from 600 sq.ft. to 7,635 sq.ft. available. Cotenants include REI and Schlotzsky’s Deli. Area demographics include a population of 277,099 within five miles earning $69,484 as the average household income. For more information, contact Arizona Partners, El Dorado Square, 6621 North Scottsdale Road, Scottsdale, AZ 85250; 480368-0111, Fax 480-368-0444; Web site: www.azpre.com.
Los Angeles – A 20,000 sq.ft. space is available along Seaton Street. Area retailers include Urth Caffe, Zip Fusion Sushi and Handsome Coffee. For more information, contact Eon Lew, KW Commercial, 600 West 9th Street, Suite 125, Los Angeles, CA 90015; 213-221-7501, Fax 213-537-0004; Email: eonlew@kw.com; Web site: www.kwdtla.com.
Arizona Flagstaff – The Hilltop Shops at Woodland Village, located at the intersection of South Woodlands Village Boulevard and West McConnell Drive, has spaces from 1,500 sq.ft. to 6,500 sq.ft. available. Cotenants include Taverna Greek Grill, Anytime Fitness, West USA Realty and 7 Ate 9 Deli Shop. Area demographics include a population of 59,903 within five miles earning $61,553 as the average household income. For more information, contact Carol Harder, Red Mountain Retail Group, 1515 East Bethany Home Road, Suite 110, Phoenix, AZ 85014; 602-977-9202, Fax 602977-2799; Email: charder@rmrginc.com.
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Pomona – A retail pad site up to 7,270 sq.ft. is available at the intersection of Holt Avenue and Caswell Avenue. Rite Aid is adjacent to the site. Area demographics include a population of 197,792 within three miles earning $61,825 as the average household income. The average daily traffic count is 31,200 vehicles. For more information, contact Nick Wirick, Jay Verde or Jeff Stanley, Lee & Associates, 951-276-3636/3677/3612; Email: nwirick@lee-associates.com; Web site: www.lee-associates.com.
Connecticut
Join over 118,900 members looking to acquire, sell, lease and finance all types of commercial real estate. We’re the place to list your center’s availabilities and to find that perfect site. No matter the economy, these forums make sense and, best of all, they’re free! Sign up today at www.dealmakerS.net/Free-email-ForumS Page 18 | August 1, 2014
Bristol – Shoprite Plaza, a 140,091 sq.ft. community center located along Farmington Avenue, has a space of 1,537 sq.ft. available. Cotenants include Town Fair Tire, Goodwill, Panera Bread, Advance Auto Parts, Bank of America and Verizon Wireless. Area demographics include a population of 109,508 within five miles earning $75,072 as the average household income. Canaan – Stop & Shop Plaza, a 71,000 sq.ft. neighborhood center located at the intersection of Main Street and Railroad Street, has up to 12,000 sq.ft. of space available. Cotenants include Super Stop & Shop. Area demographics include a population of 4,986 within five miles earning $93,459 as the average household income. Torrington – BJ’s Plaza, a 90,820 sq.ft. neighborhood center located at the intersection of East Main Street and Torringford West Street, has a space of Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Connecticut
Connecticut
Illinois
5,000 sq.ft. available. Cotenants include BJ’s Wholesale, Dollar Tree and Dunkin’ Donuts. Area demographics include a population of 20,264 within ten miles earning $85,859 as the average household income. For more information, contact Kelly Voss, Developers Realty Corp., 1224 Mill Street, Building D, Suite 103, East Berlin, CT 06023; 860-561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.
Norwalk – A center located along Main Avenue, has spaces of 2,156 sq.ft. and 3,835 sq.ft. available. Cotenants include Walgreens, Supercuts, Subway, Peachwave and Go Chicken Go. Area demographics include a population of 139,708 within five miles earning $166,167 as the average household income. The average daily traffic count is 20,776 vehicles. For more information, contact Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-2373403 Ext. 103, Fax 914-237-0196; Email: jeff@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com.
Joliet – Louis Joliet Pointe, located at the intersection of Plainfield Road and Hannapin Drive, has up to 86,479 sq.ft. of divisible space available. Cotenants include Bed Bath & Beyond, Planet Fitness, Kirkland’s, Michaels and Harlem Furniture. Area demographics include a population of 193,125 within five miles earning $75,449 as the average household income. Romeoville – A center located at the intersection of Route 53 and Phelps Avenue, has spaces from 1,625 sq.ft. to 9,100 sq.ft. available. Area retailers include 7-Eleven, Dairy Queen, Dunkin’ Donuts and Jiffy Lube. Area demographics include a population of 152,875 within five miles earning $85,751 as the average household income. Skokie – Orchard Place, located at the intersection of Golf Road and Skokie Boulevard, has up to 81,844 sq.ft. of space available. Cotenants include IHOP, Color Tile, Olson Rug and Cole Taylor Bank. Area demographics include a population of 144,180 within three miles earning $110,637 as the average household income. For more information regarding the site in Joliet or Skokie, contact Luke Sementa or James Schutter, Newmark Grubb Knight Frank Retail, 500 West Monroe Street, Suite 2900, Chicago, IL 60661; 312224-3974/3210; Email: lsementa@ngkf.com. For more information regarding the Romeoville property, contact James Schutter or Terry Alexa, 312-224-3210/3103; Email: jschutter@ngkf.com.
Glastonbury – Somerset Square, a 112,000 sq.ft. center located at the intersection of Glastonbury Boulevard and Naubic Avenue, has a space of 6,500 sq.ft. available. Cotenants include Stop & Shop, Barnes & Noble, J. Gilbert’s Steak & Seafood, Hallmark and FedEx Office. Area demographics include a population of 193,206 within five miles earning $68,188 as the average household income. The average daily traffic count is 12,100 vehicles. For more information regarding Somerset Square, contact Ryan Feinberg, The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-896-4944; Email: rfeinberg@wilderco.com; Web site: www.wilderco.com. Middletown – Washington Plaza, located at the intersection of Washington Street and Plaza Drive, has a pad site available. Bank of America is adjacent to the site. Area demographics include a population of 85,738 within five miles earning $78,923 as the average household income. For more information, contact Michael Ambrosi or Neil Doornheim, ARC Properties, Inc., 973-249-1116/1311; Email: mambrosi@arcproperties.com; Web site: www.arcproperties.com. Naugatuck – Crosspointe Plaza, located along New Haven Road, has a 52,582 sq.ft. former Big Y Supermarket available. Area retailers include Family Dollar and McDonalds. Area demographics include a population of 85,885 within five miles earning $66,876 as the median household income. Waterford – A 32,900 sq.ft. former Big Y Supermarket is available along US Route 1. Area retailers include CVS, Papa Gino’s and McDonald’s. Area demographics include a population of 79,622 within five miles earning $58,995 as the median household income. For more information, contact Ben Starr, Atlantic Retail Properties, 67 Batterymarch Street, Boston, MA 02110; 617-239-3642, Fax 617-239-3650; Email: bstarr@atlanticretail.com; Web site: www.atlanticretail.com. Dealmakers Magazine | www.dealmakers.net
Florida Daytona Beach – Midtown Plaza, a 102,375 sq.ft. center located at the intersection of West International Speedway Boulevard and Nova Road, has a space of 20,128 sq.ft. available, along with an outparcel of 0.5 acres. Cotenants include Burlington. Area demographics include a population of 117,824 within five miles earning $43,199 as the average household income. The average daily traffic count is 86,000 vehicles. New Port Richey – Mitchell Crossings, a 79,201 sq.ft. center located at the intersection of Mitchell Boulevard and Little Road, has spaces available, along with outparcels. Cotenants include Anytime Fitness, Subway and Hairmasters. Area demographics include a population of 39,198 within three miles earning $73,995 as the average household income. For more information regarding Midtown Plaza, contact Rochelle DuBrule, Crossman & Co., 407-581-6248; Web site: www.crossmanco.com. For more information regarding Mitchell Crossings, contact Tracy Worrell, 855-423-5400. Plantation – Grove East Retail Center, a 17,818 sq.ft. neighborhood center located at the intersection of West Broward Boulevard and State Road 441, has spaces up to 7,960 sq.ft. available. Cotenants included Elegant Beauty Supply and Caremax Medical. Area demographics include a population of 383,000 within five miles. The average daily traffic count is 90,000 vehicles. For more information, contact Tim Neal, Neal Realty & Investments, Inc., 3300 North Federal Highway, Suite 250, Ft. Lauderdale, FL 33306; 954-568-0530; Email: tim@nealrealty.net; Web site: www.nealrealty.net.
Schaumberg – Golfwood Square, located at the intersection of Golf Road and Basswood Road, has spaces from 1,800 sq.ft. to 18,800 sq.ft. available. Cotenants include Ethan Allen, Panera Bread, Massage Envy and T-Mobile. Area demographics include a population of 262,839 within five miles earning $91,308 as the average household income. The average daily traffic count is 44,872 vehicles along Golf Road. For more information, contact Mike Streit or April Smith, ARCORE Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-908-5700; Email: mstreit@arcoregrp.com; Web site: www.arcoregrp.com.
Indiana Indianapolis – Felbram Plaza North, a 185,589 sq.ft. center located at the intersection of South East Street and National Avenue, has inline spaces of 1,100 sq.ft. and 2,400 sq.ft. available, along with an 850 sq.ft. pad site. Cotenants include Shoppers World, (continued on page twenty)
August 1, 2014 | Page 19
SPACE PLACE Indiana (continued from page nineteen)
Dollar Tree, Rainbow, Payless Shoe Source, Game Stop, Radio Shack, GNC, Cici’s Pizza and Dollar General. Area demographics include a population of 199,160 within five miles. For more information, contact Nassimi Realty, 7 Penn Plaza, Suite 1600, New York, NY 10001; 212-643-8080, Fax 212-6432626; Email: info@nassimirealty.com; Web site: www.nassimirealty.com.
Massachusetts Bedford – Blue Ribbon Plaza, a 13,010 sq.ft. center located along Great Road, has a space of 1,470 sq.ft. available. Cotenants include Middlesex Savings Bank, Domino’s Pizza, Starbucks and Supercuts. Area demographics include a population of 30,892 within three miles earning $117,849 as the median household income. The average daily traffic count is 24,000 vehicles. Boston – A 1,500 sq.ft. street level space is available along Charles Street. Area demographics include a population of 67,798 within one mile earning $128,086 as the average household income. For more information regarding Blue Ribbon Plaza, contact Adam Conviser or Jim Conviser, Conviser Property Group, 858 Washington Street, Dedham, MA 02026; 781-320-0600, Fax 781-791-4955; Email: adam@conviserpg.com; Web site: www.conviserpg.com. For more information regarding the Boston property, contact Adam Conviser. Billerica – Shops at Billerica, a 298,441 sq.ft. center located at the intersection of Boston Road and Tower Farm Road, has spaces from 744 sq.ft. to 7,439 sq.ft. available. Cotenants include Kmart, Burlington, Market Basket, Big Lots, Planet Fitness and Subway. Area demographics include a population of 114,870 within five miles earning $103,093 average household income. The average daily traffic count is 23,100 vehicles. Lowell – Meadow Brook Center, a 271,377 sq.ft. center located at the intersection of Lowell Connector and Plain Street, has a 4,700 sq.ft. pad site available. Cotenants include GNC, Hair Cuttery, Five Below, Best Fitness, Marshalls, Dots, The Children’s Place and Chuck E. Cheese. Area demographics include a population of 194,389 within five miles earning $76,457 as the average household income. The average daily traffic count is 40,000 vehicles. Milford – Kmart Shopping Center, a 146,770 sq.ft. center located at the intersection of Medway Page 20 | August 1, 2014
Massachusetts
Massachusetts
Road and Beaver Street, has a proposed space of 6,000 sq.ft. available. Cotenants include Kmart, Perfect Health Gym, Dollar Tree, Bug-A-Boo Steakhouse and CB Sullivan Beauty Supplies. Area demographics include a population of 92,139 within five miles earning $116,582 as the average household income. For more information, contact Thomas Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.
a space of 2,000 sq.ft. available, along with a 5,000 sq.ft. outparcel. Cotenants include Super Stop & Shop, Citizens Bank and North County Beverage. Area demographics include a population of 33,456 within seven miles earning $43,034 as the median household income. The average daily traffic count is 17,000 vehicles. For more information, contact Steve Lerner or Barry Feinman, Vanguard-Fine, LLC, 1529 Western Avenue, Albany, NY 12203; 518-862-0861 Ext. 204/202; Email: slerner@vanguardfine.com; Web site: www.vanguardfine.com.
Canton – Village Shoppes, a 282,800 sq.ft. center located at the intersection of Route 27 and Washington Street, has spaces of 2,255 sq.ft. and 2,952 sq.ft. available. Cotenants include Shaw’s, Marshalls, Loft, Jos. A. Bank, Gap, Chico’s, Bertucci’s and Five Guys Famous Burgers & Fries. Area demographics include a population of 107,956 within five miles earning $100,608 as the average household income. For more information regarding Village Shoppes, contact Ryan Feinberg, The Wilder Companies, 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-896-4944; Email: rfeinberg@wilderco.com; Web site: www.wilderco.com.
North Attleboro – Fashion Crossing, a 105,924 sq.ft. center located along South Washington Street, has a space of 3,050 sq.ft. available. Cotenants include Marshalls, Old Navy, Five Below, Pier 1 Imports, dressbarn, Carter’s, Longhorn Steakhouse, Panera Bread and Game Stop. Area demographics include a population of 44,334 within three miles earning $87,886 as the average household income. The average daily traffic count is 34,127 vehicles. For more information, contact Lee Zekaria or Nicole Johnson, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732-961-8132/8123, Fax 732886-1690; Email: lzekaria@paramountrealty.com; Web site: www.paramountrealty.com.
East Longmeadow – Heritage Park Plaza, a 116,840 sq.ft. center located along North Main Street, has spaces available. Cotenants include Stop & Shop, Dollar Tree and Panera Bread. Area demographics include a population of 203,834 within five miles earning $63,617 as the average household income. The average daily traffic count is 19,200 vehicles. For more information, contact Chris McMahon, Summit Realty Partners, 781862-9700 Ext. 225; Email: cjm@sumrp.com. Lanesborough – A land area of 62.217 acres is available along South Main Street/Route 7. Area retailers include Target, JC Penney, Eastern Mountain Sports, Sears and Macy’s. Area demographics include a population of 73,901 within ten miles earning $61,434 as the average household income. For more information, contact Scott Zelekowitz, Gibraltar Management Co., Inc., 150 White Plains Road, Tarrytown, NY 10591; 914-631-6200; Email: scott@gibraltarmgt.com; Web site: www.gibraltarmgt.com. North Adams – Steven’s Plaza, a 65,150 sq.ft. center located along State Route 2 has
South Hadley – South Hadley Shopping Center, a 91,648 sq.ft. center located along Newton Street, has 60,220 sq.ft. of space available. Area demographics include a population of 101,267 within five miles earning $42,984 as the median household income. For more information, contact Ben Starr, Atlantic Retail Properties, 67 Batterymarch Street, Boston, MA 02110; 617-239-3642, Fax 617-239-3650; Email: bstarr@atlanticretail.com; Web site: www.atlanticretail.com. Wayland – Wayland Town Center, a 177,000 sq.ft. mixed-use development located along Boston Post Road, has retail spaces available. Cotenants include Stop & Shop, Panera Bread, Boston Sports Club, The Local, Jos. A. Bank and Bertucci’s. Area demographics include a population of 86,115 within five miles earning $154,206 as the average household income. For more information, contact Joseph Harnan, KGI Properties, LLC, 10 Memorial Boulevard, Suite 901, Providence, RI 02903; 401-273-8600 Ext. 329; Email: j.harnan@kgiproperties.com; Web site: www.kgiproperties.com. Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Nevada
New Hampshire
New Jersey
Henderson – A 1.84-acre land area is available at the intersection of Eastern Avenue and Pecos Ridge Parkway. Area retailers include Von’s, Kmart and Smith’s. The average daily traffic count is 53,000 vehicles along Eastern Avenue. Las Vegas – A 17,262 sq.ft. freestanding building is available at the intersection of Las Vegas Boulevard and Pecos Road. Area retailers include Family Dollar and Citi Trends. Area demographics include a population of 417,183 within five miles earning $51,359 as the average household income. For more information, contact Brian Sorrentino, ROI Commercial Real Estate, 7100 West Smoke Ranch Road, Suite 100, Las Vegas, NV 89128; 702363-3100 Ext. 102, Fax 702-363-0450; Email: brian@roicre.com; Web site: www.roicre.com.
For more information, contact Joseph Harnan, KGI Properties, LLC, 10 Memorial Boulevard, Suite 901, Providence, RI 02903; 401-273-8600 Ext. 329; Email: j.harnan@kgiproperties.com; Web site: www.kgiproperties.com.
Area demographics include a population of 102,657 within five miles earning $153,156 as the average household income. For more information, contact David Hekemian, Hekemian, 505 Main Street, Hackensack, NJ 07601; 201-487-1500 Ext. 109; Email: dhekemian@hekemian.com; Web site: www.hekemian.com.
New Jersey Lawrence – A strip center located along Brunswick Pike has a space of 4,773 sq.ft. available. Cotenants include David’s Bridal, Fortunoff Backyard Store and Smashburger.
Rio Grande – Grande Center, a 650,000 sq.ft. center located at the intersection of Route 9 and Route 47, has a space of 1,600 (continued on page twenty-two)
New Hampshire Dover – Dover Crossing, a 164,900 sq.ft. center located along Central Avenue, has spaces of 2,651 sq.ft. and 4,074 sq.ft. available. Cotenants include Shaw’s, Bed Bath & Beyond, Petco, Rocky’s Ace Hardware, Panera Bread and Bank of New Hampshire. Area demographics include a population of 130,774 within ten miles. For more information regarding Dover Crossing, contact Ryan Feinberg, The Wilder Companies, 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-896-4944; Email: rfeinberg@wilderco.com; Web site: www.wilderco.com. Keene – Monadnock Marketplace, a 200,791 sq.ft. center located at the intersection of Ash Brook Road and Franklin Pierce Highway, has spaces of 6,610 sq.ft. and 20,413 sq.ft. available. Cotenants include Target, Home Depot, Dick’s Sporting Goods, Pier 1 Imports, Ulta, Price Chopper, Olive Garden and Chili’s. Area demographics include a population of 28,646 within five miles earning $55,675 as the average household income. The average daily traffic count is 21,000 vehicles. For more information, contact Chris McMahon, Summit Realty Partners, 781862-9700 Ext. 225; Email: cjm@sumrp.com. North Conway – Mountain Valley Mall/ Fairway Plaza, a 272,000 sq.ft. center located at the intersection of Route 16 and Route 302, has spaces available. Cotenants include Lowe’s, Hannaford, JC Penney and Panda Garden. Area demographics include a population of 10,140 within five miles earning $58,315 as the average household income. Dealmakers Magazine | www.dealmakers.net
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www.tenantsearch.com | 1.800.732.5856 August 1, 2014 | Page 21
SPACE PLACE New Jersey (continued from page twenty-one)
sq.ft. available. Cotenants include Lowe’s, Ross Dress for Less, Michaels, Bed Bath & Beyond, Five Below, Walmart, Wawa and Starbucks. Willingboro – Willingboro Town Center, a 250,000 sq.ft. mixed-use center located at the intersection of Route 130 and Levitt Parkway, has spaces available. Cotenants include Acme, CVS, Scripts, Ruby Tuesday, TD Bank, Taco Bell, Dollar Tree, GNC and Hair Cuttery. For more information, contact Jim Dugan, Delco Development, 200 Campbell Drive, Suite 200, Willingboro, NJ 08057; 856-2345151; Email: jdugan@delcodevelopment.com; Web site: www.delcodevelopment.com. Whiting – Whiting Commons, a 105,000 sq.ft. center located at the intersection of State Route 70 and Route 539, has inline spaces available, along with an 11,000 sq.ft. pad site. Cotenants include Super Stop & Shop, Wendy’s, Hair Cuttery and CVS. Area demographics include a population of 19,212 within five miles earning $41,187 as the average household income. For more information, contact Ken Freid or
New Jersey
Vermont
Nicole Johnson, Paramount Realty Services, Inc., 1195 Route 70, Suite 2000, Lakewood, NJ 08701; 732-961-8115/8123; Email: kf@paramountrealty.com; Web site: www.paramountrealty.com.
Hannaford, Home Depot, GNC, Rite Aid and Citizen’s Bank. Area demographics include a population of 16,480 within five miles earning $60,169 as the average household income. For more information, contact Scott Zelekowitz, Gibraltar Management Co., Inc., 150 White Plains Road, Tarrytown, NY 10591; 914-631-6200; Email: scott@gibraltarmgt.com; Web site: www.gibraltarmgt.com.
Vermont Brattleboro – Royal Square Shopping Center, a 108,000 sq.ft. center located along Putney Road/Route 5, has up to 16,180 sq.ft. of contiguous space available. Cotenants include Peebles, Staples, Aldi, Olympia Sports, Label Shopper, Sleepy’s and Panasian Café. Area demographics include a population of 31,709 within ten miles earning $70,459 as the average household income. For more information, contact Joseph Harnan, KGI Properties, LLC, 10 Memorial Boulevard, Suite 901, Providence, RI 02903; 401-273-8600 Ext. 329; Email: j.harnan@kgiproperties.com; Web site: www.kgiproperties.com. Brattleboro – A center located along Putney Road, has spaces of 1,600 sq.ft. and 1,800 sq.ft. available. Cotenants include
Virginia Fredericksburg – Woodlawn Village Shopping Center, located along Deacon Road, has spaces of 800 sq.ft., 1,400 sq.ft., 3,600 sq.ft. and 9,100 sq.ft. available. Cotenants include Food Lion and Little Caesar’s. Area demographics include a trade area population within one mile earning average household income of $116,997. The average daily traffic count is 13,332 vehicles. For more information, contact Chris Pamboukian, Tetra Partners, 11450 Baron Cameron Avenue, Reston, VA 20190; 703796-1800; Email: chris@tetrapartners.com; Web site: www.tetrapartners.com. DM
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QUALITY High Quality Grocery-Anchored Shopping Centers
Whether it’s redevelopment, property management, leasing or acquisitions, UBP makes sound, strategic decisions based on solid demographics, broad experience, and stable resources resulting one of the highest quality portfolios of assets in our industry.
GROWTH Exciting New Acquisition & Retail Opportunities
Year after year, UBP has consistently added well-located, quality shopping centers to our targeted portfolio, creating opportunities for investors and retailers alike. We seek additional grocery-anchored properties in communities surrounding New York City.
FOCUS NY Tri-State Market Area Dominance
UBP is a major grocery-anchored shopping center owner in the suburban Metro NY marketplace. UBP owns or has interests in 67 properties with a focus on Westchester, Putnam, Rockland and Nassau Counties, NY; Fairfield County, CT; and Bergen, Passaic and Essex Counties, NJ.
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