Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXX
August 14, 2009
Apparel Chains Expand Nationwide Loehmann’s operates 65 locations nationwide. The stores, offering off-price women’s apparel, occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in freestanding locations, urban/downtown areas and lifestyle, power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Katz & Associates. Typical leases run 10 years. Preferred cotenants include Barnes & Noble and Target. Preferred demographics include a population of 200,000 within five miles earning $80,000 as the average household income. For more information, contact Brian Katz, Katz & Associates, One Blue Hill Plaza, Suite 1440, Pearl River, NY 10965; 845-735-6666, Fax 845735-6680; Email: briankatz@dkatz.com; Web site: www.loehmanns.com. Julie’s, Inc. trades as Julie’s at six locations throughout NC and SC. The stores, offering women’s apparel, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in lifestyle, outlet and specialty centers. Growth opportunities are sought throughout existing markets during the coming 18 months. Typical leases run five years. Specific improvements are required. Preferred demographics include a population of 50,000 within three miles earning $45,000 as the average household income. For more information, contact Leonard Strause, Julie’s, Inc., PO Box 11261, Charlotte, NC 28220; 704-525-0000, Fax 704-525-0730; Web site: www.juliesclothing.com.
Vanity Shop of Grand Forks trades as Vanity at 200 locations nationwide throughout 26 states. The stores, offering women’s and junior apparel, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in enclosed malls. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run three to five years. A vanilla shell and specific improvements are required. Preferred cotenants include Target. Major competitors include Aeropostale, Charlotte Russe and Wet Seal. For more information, contact Dane Tollefson, Vanity Shop of Grand Forks, 1001 25th Street North, Fargo, ND 58102-3116; 701-237-3330, Fax 701-235-6789.
Buyers & Sellers Novus Development is selling a center located in Crestwood, MO....................................... Pg. 3
Lacoste operates 75 locations nationwide. The stores, offering Lacoste-branded apparel, accessories, footwear, fragrances and sporting goods, occupy spaces of 1,300 sq.ft. to 1,800 sq.ft. in malls, urban/downtown areas and outlet centers. Plans call for four openings nationwide during the coming 18 months, with representation by The Greenberg Group. Typical leases run 10 years. Preferred cotenants include Coach, Polo, Louis Vuitton, Burberry and Banana Republic. For more information, contact Steven Greenberg, The Greenberg Group, 1200 West Broadway, Hewlett, NY 11557; 516295-0406, Fax 516-374-0999; Email: sgreenberg@thegreenberggroup.com; Web site: www.lacoste-usa.com.
New Construction The Humphreys Co. is preleasing a mixed-use center located in Oklahoma City, OK........................................ Pg. 5
(continued on page seven)
This issue contains information on:
* Retailers operating 32,861 locations with plans to open 3,187 sites * Real estate valued in excess of $1.89 billion to be bought, sold & financed * Leasing activity on over 4.045 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring
Preferred Equity Group looks to acquire properties nationwide............................ Pg. 13 Openings Nordstrom will open Nordstrom Rack stores in Denver and Lakewood, CO.... Pg. 4 Aldi explores sites serving higher income demographics Pg. 13
In The News Steelbridge Capital named Jay M. Caplin as managing principal................................ Pg. 5 Sources of Financing CFO Capital Partners provides construction and permanent financing............................... Pg. 6 Lease Signings Centro Properties Group signed leases with a number of tenants in NJ, NY and PA........ Pg. 6 Food Retailers Expand Farrell’s Ice Cream Parlor looks for sites throughout CA Pg. 8 Lead Sheet Learning Care Group looks to expand nationwide................ Pg. 9 Fastsigns looks for sites nationwide............................ Pg. 12 Space Place........................... Pg. 14
For more news go to: www.dealmakers.net