Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXXII
August 28, 2009
Home-Related Chains Expand Nationwide Bed Bath & Beyond, Inc. trades as Bed Bath & Beyond at 940 locations nationwide. The stores, selling home furnishings, home décor items and housewares, occupy spaces of 20,000 sq.ft. to 75,000 sq.ft. in freestanding locations, mixed-use, outlet, power, specialty, strip and tourist centers and downtown/urban sites. Plans call for 60 openings throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are flexible. Preferred demographics include a population of 100,000 within a five-mile radius earning an average household income of $50,000. For more information, contact Seth Geldzahler, Bed Bath & Beyond, Inc., 650 Liberty Avenue, Union, NJ 07083; 908-688-0888, Fax 908-6888385; Email: seth.geldzahler@bedbath.com; Web site: www.bedbathandbeyond.com.
The Dump operates eight locations throughout NJ, PA, TX and VA. The close-out furniture superstores, offering living room, office and bedroom furnishings and mattresses, occupy spaces of 220,000 sq.ft. to 250,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by Grubb & Ellis, Co. The company prefers high visibility locations. For more information, contact Eddie Goldmeier, Matthew Cooper or Glenn Ulick, Grubb & Ellis, Co., 20 South Charles Street, Suite 902, Baltimore, MD 21201; 410-625-4202/4207/4205; Emails: edward.goldmeier@grubb-ellis.com, matthew.cooper@grubb-ellis.com and glenn.ulick@grubb-ellis.com; Web site: www.grubb-ellis.com.
Lumber Liquidators operates 180 locations nationwide. The stores, offering factorydirect hardwood flooring to consumers and professionals, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations. Plans call for 45 openings throughout the existing market during 2010, with representation by The Greenberg Group. Preferred demographics include a trade-area population of 150,000. For more information, contact Asif Hussain, The Greenberg Group, 1200 West Broadway, Hewlett, NY 11557; 516-295-0406, Fax 516374-0999; Email: asif@thegreenberggroup.com; Web site: www.thegreenberggroup.com.
Harbor Freight Tools operates 300 locations nationwide. The stores, offering automotive, hand and power tools along with shop equipment and outdoor, metalworking, welding and woodworking supplies, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months, with representation by Baum Realty Group. For more information, contact Doug Renner, Baum Realty Group, 1030 West Chicago Avenue, Suite 200, Chicago, IL 60642; 312-2753137; Web site: www.harborfreight.com. (continued on page six)
This issue contains information on:
* Retailers operating 18,968 locations with plans to open 1,870 sites * Real estate valued in excess of $8.89 million to be bought, sold & financed * Leasing activity on over 6.389 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Buyers & Sellers Kin Properties is selling retail buildings in PA and TX.......... Pg. 3 Pyramid Brokerage is selling a restaurant site in West Seneca, NY............................ Pg. 3 Openings Specialty Retailers plans to open stores under the Goody’s trade name............................ Pg. 4 Kohl’s will open 30 stores throughout CA....................... Pg. 5 In The News Marcus & Millichap named five to vice president............. Pg. 5 Lease Signings Blue Ridge Capital negotiated a 45,508 sq.ft. lease in Selma, AL.............................. Pg. 6 Food Retailers Expand Chick-fil-A looks for sites nationwide............................ Pg. 7 Sources of Financing Affinity Funding Resources is financing CVS and Walgreens sites....................................... Pg. 7 Exclusives Transwestern Retail represents Pizza Autentica throughout Washington, DC.................... Pg. 7 New Construction Frost, Inc. is preleasing a strip center in Arcadia, CA............ Pg. 8 Lead Sheet Sally Beauty Supply plans to open stores nationwide.......... Pg. 9 Wild Birds Unlimited looks for sites nationwide............... Pg. 12 Space Place........................... Pg. 14
For more news go to: www.dealmakers.net