Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XXXIII
September 3, 2010
Apparel Chains Expand Nationwide Kidstown operates seven locations throughout NJ and NY. The full-service children’s department stores, offering apparel, footwear, toys and general merchandise items as well as a full-service infant department offering furniture, apparel and accessories, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in outlet centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. A vanilla shell is required. Typical leases run 25 years. Preferred cotenants include national retailers offering midto-low price points. For more information, contact Sammy Botton, Kidstown, 450 7th Avenue, Suite 1401, New York, NY 10123; 212-564-1616 Ext. 27, Fax 212630-0502; Email: sbotton@kidstownusa.com; Web site: www.kidstownusa.com. Magawad, Inc. trades as 4M Fashions at eight locations throughout NJ and NY. The stores, offering dress and casual apparel for men and children, occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. in malls. Growth opportunities are sought throughout Atlanta, GA and Charlotte, NC during the coming 18 months. Typical leases run five years with one, five-year option. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. For more information, contact Mike Atallah, Magawad, Inc., 1522 Atlantic Avenue, Atlantic City, NJ 08401; 609-347-7996, Fax 609-347-1255.
Underground Printing operates 13 locations throughout IL, IN, KY, MI, MN, PA, WI and WV. The stores, offering custom shirts and other apparel as well as screen printing and embroidery, occupy spaces of 900 sq.ft. to 1,500 sq.ft. on college campuses. Growth opportunities are sought nationwide during the coming 18 months, with representation by Baum Realty Group. For more information, contact Steve Schwartz, Jennifer Watson or Lara Keene, Baum Realty Group, 1030 West Chicago Avenue, Suite 200, Chicago, IL 60642; 312-2753136/3128/3138, Fax 312-666-7970; Emails: steve@baumrealty.com, jennifer@baumrealty.com and lara@baumrealty.com; Web site: www.baumrealty.com. Rainbow Apparel Cos. trades as Rainbow, Rainbow Plus, Rainbow Kids, 579, Kidspot, Fashion Cents, Best Price, Foxmoor, Emphasis and Marianne at 1,200 locations nationwide and internationally. The stores, offering apparel and accessories, occupy spaces of 1,800 sq.ft. to 15,000 sq.ft. in downtown areas, malls and strip centers. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Andre Nikol, Rainbow Apparel Cos., 1000 Pennsylvania Avenue, Brooklyn, NY 11207; 718-485-3000 Ext. 223, Fax 718-485-3807; Email: anikol@rainbow-mail.com; Web site: www.rainbowshops.com. (continued on page seventeen)
This issue contains information on:
* Retailers operating 31,301 locations with plans to open 1,204 sites * Real estate valued in excess of $19 million to be bought, sold & financed * Leasing activity on over 6.6 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Pre-Show ICSC PA/NJ/DE IDEX New Construction The Goodman Co. is developing a 200,000 sq.ft. project in Cherokee, NC........................... Pg. 3 Buyers & Sellers Antonoff & Co. Brokerage, Inc. is selling a Safeway-anchored center in Denver, CO............... Pg. 4 LGR Realty Commercial is selling a center in Gahanna, OH........................................... Pg. 11 Food Retailers Expand Dibella’s Old Fashioned Submarines seeks locations throughout MI, NY, OH and PA
Pg. 5 Openings Francesca’s Collections, Inc. to open as many as 65 stores annually................................... Pg. 6 American Eagle Outfitters, Inc. to open a 77kids location in Raleigh, NC.............................. Pg. 10 Exclusives RHYS Commercial Real Estate represents BevMax throughout CT and NY............................... Pg. 10 In the News Copaken White & Blitt merged with First Scout Realty Advisors to form Copaken Brooks........... Pg. 11 Lease Signings Metro Commercial Real Estate, Inc. negotiated a lease with hhgregg in Berwyn, PA............. Pg. 12 Lead Sheet Harmon Face Values to open locations in CT, MD, NJ, NY, New England and Washington, DC........................................... Pg. 14 Cash America Pawn seeking sites throughout AZ, CA, FL, IL, NV and TX............................... Pg. 15 Sources of Financing Lighthouse Commercial Mortgage provides financing for commercial properties.............. Pg. 17 Space Place.............................. Pg. 18
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We are making deals... • 1,468 Leases Signed • 4.9 Million Square Feet Leased For the 6 month period 01/01/10-06/30/10
With a portfolio of 940 properties comprising 136 million square feet, we have space that meets you or your client’s criteria. Kimco Realty Corporation owns and operates North America’s largest portfolio of neighborhood and community shopping centers across 45 states, Puerto Rico, Canada, Mexico and South America. We are forward-thinking professionals who understand the business of today’s real estate. Contact Kimco to assist you in realizing your retail vision. Gordon Ashby Vice President of Leasing, Mid-Atlantic Region 410-427-4424 gashby@kimcorealty.com
Joshua Weinkranz Vice President of Leasing, Northeast Region 516-869-7146 jweinkranz@kimcorealty.com
New Construction The Woodmont Co. is developing Bayou Bridges, a 350,000 sq.ft. project located at the intersection of Interstate 110 and Interstate 10 in D’Iberville, MS. Area retail includes Lowe’s Home Improvement, Walmart Supercenter, Dick’s Sporting Goods, Marshalls, PetSmart, Olive Garden, Red Lobster, Target, Best Buy, Hard Rock Café, Michaels, Kohl’s, Office Depot and Grand Theaters. Tradearea demographics include a population of 172,691 earning $48,452 as the median household income. The average daily traffic count is 114,100 vehicles. The company is also developing Bakersfield Gateway,
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Customer Service....................... Bridget Thoresen custserv@dealmakers.net Founder..................................................... Ted Kraus 1979–2007
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The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2010 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
a one-million sq.ft. project located at the intersection of State Route 99 and Hosking Avenue in Bakersfield, CA. Cotenants include Bass Pro Shops. Area retail includes Lowe’s Home Improvement, Office Depot, Camping World and Walmart Supercenter. Tradearea demographics include a population of 699,558 earning $62,926 as the average household income. The average daily traffic count is 127,000 vehicles. For more information, contact Stephen Coslik, The Woodmont Co., 2100 West 7th Street, Ft. Worth, TX 76107; 817-377-7710; Email: scoslik@woodmont.com; Web site: www.woodmont.com. CB Richard Ellis is preleasing Beaumont Commons, a project located at the intersection of Dowlen Road and Delaware Street in Beaumont, TX. Anchor and inline spaces are available. H-E-B shadow-anchors the site. Area demographics include a population of 86,793 within five miles earning $57,813 as the average household income. The average daily traffic count is 32,053 vehicles. The company is also preleasing the first phase of Katy Commons, located at the intersection of Katy Freeway and Grand Parkway in Katy, TX. Pad sites are available. Area retail includes Cinemark and JCPenney. Area demographics include a population of 406,423 within 10 miles earning $93,274 as the average household income. The average daily traffic count is 125,000 vehicles. For more information, contact Alex Makris, Jazz Hamilton or Matt Keener, CB Richard Ellis, 2800 Post Oak Boulevard, Suite 2300, Houston, TX 77056; 713-5771827/1805/1807; Emails: alex.makris@cbre.com, jazz.hamilton@cbre.com and matthew.keener@cbre.com; Web site: www.cbre.com/houstonretail. NorthMarq is preleasing a redevelopment project located at the intersection of Penn Avenue and American Boulevard in Bloomington, MN. The site features a 75,000 sq.ft. retail component and a 234unit residential component. Junior box and small shop spaces are available along with outlots. Area retail includes Target, Kohl’s, Herberger’s, Bed Bath & Beyond, Rainbow Foods and T.J. Maxx. Area demographics include a population of 220,823 within five miles earning $98,023 as the average household income. The project is slated to open during summer 2012. For more information, contact Peter Armbrust, NorthMarq, 3500 American Boulevard West, Suite 200, Minneapolis, MN 55431; 952-893-8255; Email: peter.armbrust@northmarq.com; Web site: www.northmarq.com. www.dealmakers.net
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Lee & Associates is preleasing Perris Retail Center, located at the intersection of Interstate 215 Freeway and Nuevo Road in Perris, CA. Anchor and shop spaces are available along with pad sites. Area retail includes Lowe’s Home Improvement, Walmart, Food 4 Less, Starbucks, IHOP, McDonald’s, Del Taco, Burger King, Pizza Hut, Big Lots, El Pollo Loco and Carl’s Jr. Area demographics include a population of 84,191 within five miles earning $55,758 as the average household income. The average daily traffic count is 129,958 vehicles. For more information, contact Brian Bielatowicz, Ted Rivenbark or Jake Irion, Lee & Associates, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-445-4515/4512/4519; Emails: bbielatowicz@lee-associates.com, trivenbark@lee-associates.com and jirion@lee-associates.com; Web site: www.lee-associates.com. Madison Realty Partners is preleasing Freedom Crossing, a 600,000 sq.ft. retail project located at the intersection of 14th Street and Pendleton Avenue on a U.S. military installation in Ft. Lewis, WA. Post Exchange and Commissary anchor the center. Area retail includes Lakewood Towne Center, featuring Target, Ross Dress for Less, PetSmart, Burlington Coat Factory, Marshalls, Office Depot, Bed Bath & Beyond and Barnes & Noble. Trade-area demographics include a population of 107,859. The center is slated to open between fall 2012 and spring 2013. For more information, contact Keith Anderson, Dale Everson or Paul Guidera, Madison Realty Partners; 312-925-5926, 612-840-4121 or 763-442-7335; Emails: kanderson@madisonrealtypartners.com, deverson@madisonrealtypartners.com and pguidera@madisonrealtypartners.com; Web site: www.freedomcrossingatfortbliss.com. The Goodman Co. is developing Cherokee Collection, a 200,000 sq.ft. project located in Cherokee, NC. Trade-area demographics include a population of 223,433 earning $48,065 as the average household income. The company is also developing the first phase of Highlands Crossing, a 650,000 sq.ft. regional power center situated on 138 acres in Cartersville, GA. Trade-area demographics include a population of 149,834 earning $53,891 as the average household income. The average daily traffic count is 81,550 vehicles. For more information, contact Bob Saffran, The Goodman Co., 777 South Flagler Drive, Suite 1101E, West Palm Beach, FL 33401; 561-833-3777; Web site: D M www.thegoodmancompany.com. September 3, 2010
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Buyers and Sellers InSite Real Estate is selling a 25,614 sq.ft. ALCO located along 3rd Avenue North in White Hall, IL. Area demographics include a population of 135,186 within five miles earning $81,417 as the average household income. The tenant is bound to a lease slated to mature during 2022 and featuring 5% rent escalations during 2012 and 2017. The company is also selling a 6,240 sq.ft. pad site to a Walmart Supercenter at West Wood Plaza, a 221,620 sq.ft. center located along Brockway Road in Saginaw, MI. Blockbuster Video and Saginaw Physical Therapy currently tenant the property. Area demographics include a population of 92,954 within five miles earning $38,947 as the average household income. The company is also selling a 6,500 sq.ft. Blockbuster Video located at the intersection of West McGalliard Road and Wheeling Avenue in Muncie, IN. Area demographics include a population of 85,270 within five miles earning $34,501 as the average household income. For more information, contact Chris Hutter, InSite Real Estate, 1400 16th Street, Suite 300, Oak Brook, IL 60523-8854; 630-617-9133; Email: chutter@insiterealestate.com; Web site: www.insiterealestate.com. The Goldstein Group is selling a 2,700 sq.ft. freestanding former 7-Eleven situated on 0.19 acres at the intersection of Roosevelt Avenue and Pekola Terrace in Carteret, NJ. Area retail includes Blimpie, Dollar Tree, McDonald’s, Dunkin’ Donuts, Capital One Bank and CVS. Area demographics include a population of 416,790 within five miles earning $79,848 as the average household income. The average daily traffic count is 28,000 vehicles. For more information, contact Lew Finkelstein, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700, Fax 201-703-9678; Email: lfinkelstein@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. Cohen & Co., Inc. is selling Regency Village, an 83,500 sq.ft. strip center located at the intersection of International Drive and Vineland Avenue in Buena Vista, FL. Publix anchors the center and cotenants include Subway, Outback Steakhouse, Sony JVC Superstore and The UPS Store. Area retail includes Chelsea Orlando Premium Outlet Stores. Area draws include Disney World, Sea World and Universal Studios. For more information, contact Helen Putterman, Cohen & Co., Inc. Real Estate, 9 East 40th Street, 10th Floor, New York, NY 10016; 212-803-5776, Fax 212-679-1533; Email: hputterman@cohenco.com; Web site: www.cohen-commercial.com/brokerage. page 4
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Commercial Realty Partners is selling a Super Shine Car Wash located along 6th Avenue Southwest in Birmingham, AL. The asking price is $390,000. The company is also selling a divisible 350-acre parcel located at the intersection of Highway 78 and Interstate 22 in Adamsville, AL. The company is also selling a one-acre outlot to a Walmart Supercenter located along Highway 78 in Adamsville, AL. Trade-area demographics include a population of 272,000. The average daily traffic count is 43,000 vehicles. The asking price is $550,000. The company is also selling a 3.4-acre parcel located along Highway 31 in Calera, AL. Area retail includes Walmart and Publix. The asking price is $2 million. The company is also selling a one-acre outlot located off Interstate 59 in Springville, AL. Area retail includes McDonald’s and Jack’s. The asking price is $350,000. For more information, contact Tammy G. Johnson, Commercial Realty Partners; 205-877-4040; Email: tjohnson@commercialrealtypartners.net. Breslin Realty is selling a 24,000 sq.ft. building situated on 1.8 acres along Route 112 in Medford, NY. Area retail includes CVS and Walgreens. Area demographics include a population of 187,192 within five miles earning $86,921 as the average household income. The company is also selling a 2.51-acre parcel located along Route 112 in Port Jefferson Station, NY. Area retail includes Port Plaza Shopping Center, Uncle Giuseppe’s, Market Place, CVS and Port Jefferson Cinemas. Area demographics include a population of 175,604 within five miles earning $98,607 as the average household income. For more information, contact Bill de Seve, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 233, Fax 516-741-7128; Email: bdeseve@breslinrealty. com; Web site: www.breslinrealty.com. NorthMarq is selling a divisible 2.04-acre parcel located at the intersection of Lake Drive and 77th Street in Lino Lakes, MN. Area retail includes SuperTarget, Kohl’s, McDonald’s and Dairy Queen. Area demographics include a population of 55,559 within five miles earning $111,499 as the average household income. The average daily traffic count is 51,046 vehicles. The asking price is $1.4 million. For more information, contact Jen Helm or Ronn Thomas, NorthMarq, 3500 American Boulevard West, Suite 200, Minneapolis, MN 55431; 952-893-8264/8230; Emails: jen.helm@northmarq.com and ronn.thomas@northmarq.com; Web site: www.northmarq.com.
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Faris Lee Investments is selling Windsor Pointe, a 13,965 sq.ft. center situated on 2.26 acres at the intersection of Highway 50 and Interstate 94 in Kenosha, WI. The center is 100% leased and features tenants bound to NNN leases. Area retail includes Best Buy, Woodman’s Markets, Gander Mountain and Steinhafels. The NOI is $378,577. The asking price is $5.22 million with a Cap rate of 7.25%. The company is also selling a 3,837 sq.ft. freestanding McDonald’s situated on a land area of 36,000 sq.ft. at the intersection of Harrison Street/State Highway 86 and Avenue 50 in Coachella, CA. The tenant is bound to a 20-year NNN lease featuring six, five-year options and 10% rent escalations every five years. Area demographics include a population of 119,587 within five miles earning $55,682 as the average household income. The average daily traffic count is 52,000 vehicles. The NOI is $85,000. The asking price is $1.7 million with a Cap rate of 5%. For more information regarding the Kenosha property, contact Jeff Conover, Faris Lee Investments, 2301 Dupont Drive, Suite 100, Irvine, CA 92612; 949-221-1810, Fax 949-221-1830; Email: jconover@farislee.com; Web site: www.farislee.com. For more information regarding the Coachella property, contact Nicholas Coo; 949-221-1811; Email: ncoo@farislee.com. The Dartmouth Co. is selling a development parcel located along Main Street in Tewksbury, MA. Area retail includes Sovereign Bank, McDonald’s, Burger King, Dunkin’ Donuts, Market Basket, CVS and HomeGoods. Area demographics include a population of 260,376 within seven miles earning $82,002 as the median household income. For more information, contact Peter Considine or Doug Swartz, The Dartmouth Co., 351 Newbury Street, Boston, MA 02115; 617-369-5959/ 5912; Emails: pconsidine@dartco.com and dswartz@dartco.com; Web site: www.dartco.com. Antonoff & Co. Brokerage, Inc. is selling Chambers Place Shopping Center, located along North Chambers Road in Denver, CO. Safeway anchors the center. Area demographics include a population of 156,043 within five miles earning $54,794 as the average household income. For more information, contact Marcus Notheisen or Jeffrey Hirschfeld, Antonoff & Co. Brokerage, Inc., 1528 Wazee Street, Denver, CO 80202; 303-623-0200, Fax 303454-5400; Emails: mnotheisen@antonoff.com and jhirschfeld@antonoff.com; Web site: www.antonoff.com. (continued on page eleven)
Food Retailers Expand Nationwide Sertinos operates 13 locations nationwide. The restaurants, offering wraps, salads, sandwiches and coffee, occupy spaces of 3,500 sq.ft. in freestanding locations, downtown areas and endcaps of shopping centers. Growth opportunities are sought throughout Nassau and Suffolk counties in NY during the coming 18 months, with representation by Great American Brokerage. Major competitors include Panera Bread. The company does not require sites with venting. Philly Steak & Gyro operates 13 locations throughout MD, NJ and the Philadelphia, PA metropolitan area. The restaurants occupy spaces of 400 sq.ft. to 800 sq.ft. in food courts and 2,000 sq.ft. to 4,000 sq.ft. in airports, urban/downtown areas and strip centers. Growth opportunities are sought throughout Baltimore, MD; central and southern NJ, and the greater Philadelphia, PA metropolitan area during the coming 18 months, with representation by Great American Brokerage. The company will also consider locations within casinos, and prefers second-generation spaces. N.F. Enterprises trades as IHOP at two locations in Bronx and Westchester, NY. The restaurants occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in freestanding locations, downtown areas and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout the existing markets, as well as Dutchess and Rockland counties in NY, during the coming 18 months, with representation by Great American Brokerage. Preferred demographics include a population of 150,000 within three miles. For more information, contact Paul Fetscher, Great American Brokerage, 100 West Park Avenue, Suite 309, Long Beach, NY 11561; 516-889-7200; Email: gtamerican@aol.com; Web site: www.restaurantexpert.com. Dibella’s Old Fashioned Submarines, Inc. trades as Dibella’s Old Fashioned Submarines at 17 locations throughout MI, NY, OH and PA. The sandwich shops occupy spaces of 3,200 sq.ft. to 3,600 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Home Depot, Lowe’s Home Improvement and Best Buy. Preferred demographics include a population of 100,000 within three miles earning $50,000 as the average household income. For more information, contact Greg Barkstrom, Dibella’s Old Fashioned Submarines, Inc., 20 North Union Street, Rochester, NY 14607; 585-262-3630, Fax 585262-2099; Email: gbarkstrom@wenroch.com; Web site: www.dibellas.com.
Asian Bistro operates 10 locations throughout CT, NJ and NY. The sushi and hibachi restaurants occupy spaces of 4,000 sq.ft. to 6,500 sq.ft. in power and strip centers. Limited growth opportunities are sought throughout CT and Westchester County, NY during the coming 18 months, with representation by The Cambridge Group. Typical leases run 15 to 20 years. Preferred cotenants include supermarkets and high-end apparel retailers. Major competitors include Benihana and Nobu. Preferred demographics include a population of 45,000 within five miles earning $65,000 as the average household income. For more information, contact Robert Berke, The Cambridge Group, 2614 Boston Post Road, Guilford, CT 06437; 203-458-1700, Fax 203-458-1730; Email: cambridge_re@yahoo.com. Larry’s Giant Subs, Inc. trades as Larry’s Giant Subs at 100 locations throughout AL, FL, GA, LA, KS, SC and TX. The restaurants, offering New York-style subs, sandwiches and salads for dine-in, takeout or delivery, occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide, with a focus on the southeastern region, during the coming 18 months. Typical leases run five years with options. The company is franchising. For more information, contact Larry Raikes or Mitch Raikes, Larry’s Giant Subs, Inc., 4479 Deerwood Lake Parkway, Suite 1, Jacksonville, FL 32216; 904739-9069, Fax 904-739-1218; Web site: www.larryssubs.com. Jamba Juice Co. trades as Jamba Juice at 742 locations nationwide. The shops, offering healthy juices and blends, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in airports, malls, street fronts, college campuses and endcaps of lifestyle, power and strip centers. Growth opportunities are sought throughout AZ, CA, CO, FL, HI, IL, NJ, NV, NY, OR, TX, UT and WA during the coming 18 months. Preferred cotenants include grocery stores, gyms, movie theaters, quick-service restaurants and big-box retailers. Preferred demographics include a daytime population of 15,000 and a residential population of 45,000 within two miles. The company prefers sites with patio seating. For more information, contact Department of Real Estate, Jamba Juice, Co., 6475 Christie Avenue, Suite 150, Emeryville, CA 94608; 510-596-0100; Email: realestate@jambajuice.com; Web site: www.jambajuice.com. www.dealmakers.net
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Rosa Mexicano operates nine locations throughout CA, FL, GA, NY and Washington, DC. The upscale Mexican restaurants occupy spaces of 5,000 sq.ft. to 12,000 sq.ft. in freestanding locations, urban/downtown areas and endcaps of strip centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Higdon Development. Typical leases run 10 to 12 years with options. A tenant improvement allowance is required. Major competitors include Red O and Nobu. The company prefers sites with patio space in areas with affluent demographics, and will also consider locations in event centers and hotels. Shorty Small’s, Inc. trades as Shorty Small’s at eight locations throughout AR, KS, MO and OK. The casual restaurants occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in freestanding locations, malls and power and strip centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Higdon Development. Typical leases run 10 to 20 years. A turnkey is required. Major competitors include Applebee’s, Chili’s and barbecue restaurants. Preferred demographics include a population of 60,000 within five miles earning $60,000 as the average household income. For more information, contact John Higdon, Higdon Development, PO Box 3307, Cedar Park, TX 78630; 512-2556814; Email: john@higdon.us; Web sites: www.rosamexicano.com and www.shortysmalls.com. Dunkin’ Donuts operates 8,800 locations nationwide and internationally. The shops, offering coffee, donuts, bagels, breakfast sandwiches and baked goods, occupy spaces of 1,700 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps of shopping centers. Plans call for 12 openings throughout MS and along the Gulf Coast in AL and FL during the coming 18 months, with representation by Levy Commercial Realty, LLC. The company is franchising. For more information, contact Steven Levy, Levy Commercial Realty, LLC, PO Box 38466; 901-753-4848, Fax 901-753-9077; Email: slevy@levycommercial.com; Web D site: www.levycommercial.com. M
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Who’s Opening and Where Wal-Mart Stores, Inc. (479-273-4000) has delayed the opening of a Walmart Supercenter at Taylor Commons, a shopping center currently under development along North Main Street in Taylor, PA, to next month. The store was originally slated to open during July. Dollar Tree, RadioShack, Mattress Warehouse, Shoe Show, Fashion Bug, Subway, Oriental Buffet and Basilico’s Pizzeria are also slated to open locations at the center. The company also plans to open a Walmart Supercenter along East Kolonels Way in Port Angeles, WA. The store will feature a larger department store as well as a supermarket and specialty shops, and will replace an existing Walmart located across the street. The location is slated to open late next month. The company is also scouting locations throughout Palm Beach County, FL. Planned openings include a 77,000 sq.ft. Walmart along Federal Highway in Delray Beach and a 90,000 sq.ft. store at the intersection of Federal Highway and Gulfstream Boulevard in Boynton Beach. BJ’s Wholesale Club, Inc. (508-651-7400) has delayed the opening of a BJ’s Wholesale Club located along Wilson Boulevard in Falls Church, VA to next month.
AutoZone, Inc. (901-495-6500) plans to open between 140 and 160 AutoZone locations by August 2011, as part of a plan to increase the company’s store count by 3% to 4% annually. Planned openings include sites in Chicago, IL; Boston, MA, and New York, NY. The company is also considering locations throughout ID, OR and WA and currently operates 4,300 locations nationwide and throughout Puerto Rico. Costco Wholesale Corp. (425-313-8000) plans to open a Costco store at Gateway at Sanatoga, a 450,000 sq.ft. project being developed in phases at the intersection of Sanatoga Interchange and Route 422 in Limerick Township, PA. The store is slated to open with the first phase of the center during spring 2011. Raising Cane’s (866-552-2637) will open two restaurants in SC, including a location along U.S. Highway 17 in Mt. Pleasant and along Rivers Avenue in North Charleston. The restaurants will be the company’s first in the state and are slated to open during November and next month, respectively. The company currently operates 80 restaurants nationwide throughout 14 states.
Euromarket Designs, Inc. (847-272-2888) plans to open a 25,000 sq.ft. Crate & Barrel store at The Streets at Southpoint, located in Durham, NC. The location is slated to open during spring 2011. The company trades as Crate & Barrel and CB2 at 160 locations nationwide. Francesca’s Collections, Inc. (713-864-1358) plans to open as many as 65 Francesca’s Collections stores annually for the next two to three years, as part of a plan to eventually operate 1,000 locations nationwide. The stores offer apparel targeting women ages 18 to 32. Kohl’s Corp. (262-703-7000) plans to open a two-story, 100,000 sq.ft. Kohl’s store at the intersection of New Dorp Lane and Hyland Boulevard in Staten Island, NY. The store is slated to open during October 2012. Hartville Hardware (330-877-3631) plans to open a 160,000 sq.ft. hardware store off State Route 619 in Lake Township, OH. The store will offer expanded building materials and home décor departments and is slated to open during early 2012.
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(continued on page ten)
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This advertisement is intended to provide general information and is not an offer to sell or the solicitation of an offer to buy a franchise. It is for informational purposes only. 7/29/10 4:42 PM
Who’s Opening and Where (continued from page six)
Fairway Group Holdings Corp. (646-6168000) has delayed the opening of a 55,000 sq.ft. Fairway supermarket in a former Waldbaum’s site along 61st Avenue in the Douglaston area of Queens, NY. The location was originally slated to open earlier this year but was delayed until November, and has since been delayed further until the first quarter of 2011. Ulta Salon, Cosmetics & Fragrance, Inc. (630-226-0020) plans to open an 11,085 sq.ft. Ulta beauty products store at Eastland Mall, located in Bloomington, IL. The location will also feature an in-store salon. The store is slated to open during the fall and will join JCPenney, Macy’s, Bergner’s, Shoe Dept. and Old Navy at the center. Wegmans Food Markets, Inc. (585-3282550) plans to open a 120,000 sq.ft. to 150,000 sq.ft. Wegmans grocery store at Shops at Seneca Meadows, a development situated on 40 acres in Germantown, MD. The store will anchor the center and is slated to open during 2012 or later.
Dunkin’ Brands, Inc. (781-737-3000), through two franchisees, plans to open six Baskin-Robbins ice cream shops throughout Centerville and southern TX during the next two years, including four slated to open this year and two during 2011. The company also plans to open four franchised Baskin-Robbins locations throughout Houston, TX by 2012. The company currently operates 6,000 locations nationwide and internationally. Aaron’s, Inc. (404-231-0011) will open an 8,000 sq.ft. Aaron’s rent-to-own store at a former Cleek’s site at the intersection of Worley Street and West Boulevard in Columbia, MO. The store will replace an existing location at Parkade Center in Columbia, and is slated to open during early November. Goodwill Industries of Central Indiana, Inc. (317-524-4313) will open a 15,600 sq.ft. Goodwill Industries thrift store along Shenandoah Drive in Lafayette, IN. The store will replace an existing 10,800 sq.ft. location on Shenandoah Drive.
Chabill’s Tire Service, Inc. (985-3808235) will open a Chabill’s Tire location in Youngsville, LA. The store is slated to open during spring 2011 and will be the company’s fourth in the greater Lafayette, LA area. The company currently operates 13 locations. American Eagle Outfitters, Inc. (724-7764857) will open a 77kids location at Crabtree Valley Mall, located in Raleigh, NC. The opening is slated for the fall and will be the company’s first for the concept in the state. The stores offer apparel for children under age 12. The company currently operates 950 locations nationwide and throughout Canada, trading as American Eagle Outfitters and Aerie. Republic of Couture (847-586-3926) plans to open a 10,000 sq.ft. store at Midtown Crossing, a mixed-use development situated on 15 acres in the Midtown area of Omaha, NE. The store is slated to open during early November and will offer designer apparel for men, women and children, as well as accessories, jewelry, lingerie, sleepwear, shoes, cosmetics, books, art and music. DM
Exclusives and Leasing Assignments RHYS Commercial Real Estate (203-2749800) represents the following retailers with their expansion plans: Advance Auto, throughout CT, seeking spaces of 6,000 sq.ft. to 7,000 sq.ft.; AT&T Mobility, throughout CT, western MA and Dutchess, Orange, Rockland and Westchester counties in NY, seeking sites of 2,500 sq.ft. to 4,500 sq.ft.; BevMax, throughout CT and NY, utilizing spaces of 5,000 sq.ft. to 7,000 sq.ft.; The Children’s Place, throughout CT, seeking spaces of 4,000 sq.ft. to 4,500 sq.ft.; Energy Kitchen, throughout CT and RI, seeking sites of 1,300 sq.ft. to 2,500 sq.ft.; Five Guys Famous Burgers and Fries, throughout Fairfield County, CT, utilizing spaces of 2,400 sq.ft. to 3,400 sq.ft.; Gap, throughout CT; Goodwill Industries, throughout Fairfield County, CT, seeking sites of 13,000 sq.ft. to 20,000 sq.ft.; Hawley Lane, throughout Fairfield and New Haven counties in CT, seeking spaces of 4,000 sq.ft. to 6,000 sq.ft.; Massage Envy, throughout CT and RI, seeking sites of 2,600 sq.ft. to 3,500 sq.ft.; Michaels, throughout Fairfield County, CT, seeking spaces of 22,000 sq.ft.; Naples Tomato, throughout Fairfield County, CT, seeking sites of 7,000 sq.ft. to 8,000 sq.ft.; Old Navy, throughout CT, utilizing spaces of 15,000 sq.ft.; Panera Bread, throughout page 10
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Fairfield County, CT, seeking spaces of 3,500 sq.ft. to 4,500 sq.ft.; Red Door Spas, throughout Fairfield County, CT, seeking sites of 5,000 sq.ft., and Sport Clips, throughout CT, seeking spaces of 900 sq.ft. to 1,400 sq.ft. Katz & Associates Corp. (845-735-6666) represents the following retailers with their expansion plans: Mattress Firm, throughout GA, NC and SC, seeking spaces of 3,500 sq.ft. to 4,000 sq.ft. in high-profile corner locations near regional malls; MovieStop, throughout southern FL, seeking sites of 3,500 sq.ft. in corner locations and endcaps and pad sites of shopping centers; Namco, throughout the Northeast, utilizing spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and shopping centers; Pet Supermarket, nationwide excluding GA, seeking sites of 6,000 sq.ft. to 9,000 sq.ft. in areas with a trade-area population above 50,000; Retro Fitness, throughout CT, DE, FL, GA, IL, MA, MD, NC, NJ, NY, PA, SC and VA, seeking sites of 11,000 sq.ft. to 16,000 sq.ft. in shopping centers; Saks Fifth Avenue Off 5th, nationwide, seeking spaces of 28,000 sq.ft. in urban areas and lifestyle and strip centers; Salonz Beauty Suites, throughout FL, seeking sites of 5,000 sq.ft. to 8,000 sq.ft. Dealmakers
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in freestanding locations and power and strip centers, along with outlots, and Sandella’s Flatbread Café, throughout Fairfield County, CT and Westchester County, NY, utilizing spaces of 1,200 sq.ft. to 1,500 sq.ft. in downtown areas, central business districts and power centers. Matanky Realty Group (312-337-1001) has been named exclusive leasing agent for Central Court Plaza, a 15,500 sq.ft. center located at the intersection of Sauk Trail and Main Street in Chicago, IL. The average daily traffic count is 22,000 vehicles. JBG Rosenfeld Retail (301-657-7338/7321) represents McDonald’s with the restaurant’s expansion throughout Carroll and Montgomery counties in MD. The company is seeking freestanding locations and inline spaces of shopping centers for lease, as well as pad sites for ground lease or acquisition. Jeffrey R. Anderson Real Estate (513-2415800) has been named the retail leasing agent for The Banks, a mixed-use project featuring an 80,000 sq.ft. retail component located in Cincinnati, OH. The first phase of the project is slated to open next spring. DM
Real Estate Professionals Making the News Resource Commercial Real Estate (317663-6000) became affiliated with Colliers International. The affiliation resulted in no leadership or personnel changes at the brokerage firm, which offers tenant and buyer representation and landlord advisory services for retail, industrial, office, medical and investment property, as well as raw land. Principal Associates (248-358-0100) joined TCN Worldwide, an international organization of commercial real estate firms. The company, now known as Principal Associates/TCN Worldwide, is a brokerage firm specializing in retail, office and industrial properties, offering services including tenant representation, investment property analysis, acquisition and sales; land acquisition and sales, land rezoning and site plan approval, and property management and construction. Colliers Arnold (727-442-7184), with FirstService PGP Valuation, formed Colliers International Valuation & Advisory Services Central Florida, a commercial real estate appraisal firm operating throughout the central FL region. Jerry Gisclair was appointed executive managing director of the firm. Prior to joining the company, Gisclair served at CBRE Valuation. NAI Avant (803-744-9811), with Vanguard Development Group, has established an office in Charleston, SC. E. David Grubbs, Jr. was named as managing principal and broker-in-charge of the office, and Thomas M. Boulware and Dexter C. Rumsey were named as senior brokers. The company, a subsidiary of NAI Global, is a commercial real estate firm offering brokerage, leasing, development and property management services throughout the Southeast. Copaken White & Blitt (816-701-5000) merged with First Scout Realty Advisors to form Copaken Brooks. Keith Copaken and Jon Copaken, principals at the company, will serve as principals at the new firm along with R.A. Brooks, president of First Scout Realty Advisors. The new firm will specialize in retail, mixed-use, office and industrial property investments throughout the Midwest. Alliance Real Estate Advisors, Inc. (708825-3410) hired Jon Vollentine as a retail properties consultant. He will specialize in owner, buyer and tenant representation for commercial properties nationwide. Prior to joining the company, Vollentine served at Chase Bank, Walgreens, Advance Auto, Extra Space Storage and Maaco. DM
Buyers and Sellers (continued from page four)
Goodman Real Estate Services Group, LLC is selling a 3,200 sq.ft. freestanding building situated on 0.68 acres along State Route 83 in Avon, OH. Area retail includes Avon Crossing, featuring JCPenney, Lowe’s Home Improvement and Petco. Area demographics include a population of 175,282 within seven miles earning $65,789 as the median household income. The asking price is $675,000. The company is also selling a divisible 3.77-acre parcel located along State Route 83 in Avon, OH. Area demographics include a population of 175,282 within seven miles earning $65,789 as the median household income. The company is also selling a 1,248 sq.ft. freestanding former Valvoline Instant Oil Change situated on 0.29 acres at the intersection of Pearl Road and Commonwealth Boulevard in Parma Heights, OH. The building also features a 1,050 sq.ft. lower level space. Area retail includes Southland Shopping Center. Area demographics include a population of 249,773 within five miles earning $49,186 as the median household income. For more information, contact Philip Grassie, Goodman Real Estate Services Group, LLC; 216-381-8200; Web site: www.goodmanrealestate.com. For additional details regarding the Avon properties, contact Zachary Sogoloff. LGR Realty Commercial is selling Strawberry Plaza, located along Lincoln Circle in Gahanna, OH. Tenants include U.S. Postal Service, Golden Delight Baker and Star Cleaners. The asking price is $2.1 million. For more information, contact Jesse Shkolnik or Steve Shkolnik, LGR Realty Commercial, 3016 Maryland Avenue, Columbus, OH 43209-1591; 614-3384217 or 614-238-2014, Fax 614-237-3219; Emails: jesse.shkolnik@lgrrealty.com and steve@lgrrealty.com. The Retail Connection is selling a 23,500 sq.ft. divisible former OfficeMax located at the intersection of Dallas North Tollway and Arapaho Road in Dallas, TX. Area retail includes The Sports Authority, Walmart Supercenter, Conn’s, Anna’s Linens, Barnes & Noble, Petco and DSW. Area demographics include a population of 1.193 million within 10 miles earning $97,112 as the average household income. The average daily traffic count is 177,449 vehicles. For more information, contact Chris Thomas or David Thomas, The Retail Connection, 2525 McKinnon Street, Suite 700, Dallas, TX 75201; 214-572-8422/8447; Emails: cthomas@theretailconnection.net and dthomas@theretailconnection.net; Web site: www.theretailconnection.net. www.dealmakers.net
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National Realty & Development Corp. is selling a 30,000 sq.ft. parcel located at the intersection of St. Paul Street and 24th Street in Baltimore, MD. Area demographics include a population of 1.253 million within 10 miles earning $63,648 as the average household income. For more information, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com. LMS Commercial Real Estate is selling a 0.41-acre parcel located at the intersection of Route 30 and Route 15 in Gettysburg, PA. Area demographics include a population of 70,335 within 10 miles earning $59,993 as the average household income. For more information, contact Dave Nicholson, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717569-9373, Fax 717-560-9909; Email: dnicholson@lms-pma.com. Lee & Associates Commercial Real Estate Services is selling a 6,291 sq.ft. freestanding former On the Border restaurant situated on a 1.12-acre outlot of Antelope Valley Mall, located along Rancho Vista Boulevard in Palmdale, CA. Area demographics include a population of 117,988 within five miles earning $73,335 as the average household income. The company is also selling a 6,210 sq.ft. freestanding former On the Border located along Amargosa Road in Victorville, CA. Area retail includes Kohl’s, Lowe’s Home Improvement, Mimi’s Café, Applebee’s, Roadhouse Grill, Johnny Carino’s, Chili’s and Sonic Drive-In. Area demographics include a population of 163,008 within five miles earning $60,464 as the average household income. For more information, contact Nick DiCosola, Lee & Associates Commercial Real Estate Services; 760-241-5211 Ext. 229; Email: ndicosola@lee-associates.com; Web site: www.lee-associates.com. Colliers Tingey is selling a 2.57-acre parcel located along North Clovis Avenue in Clovis, CA. The asking price is $1.399 million. For more information, contact Eric Jans or Charles Tingey, Colliers Tingey International, 7485 North Palm Avenue, Suite 110, Fresno, CA 93711; 559-221-1271; Email: ejans@tingey.com and ctingey@tingey.com; D M Web site: www.colliers.com/fresno.
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LOOKING FOR TENANTS?
Lease Signings Cassidy Turley BRE Commercial (858-6255244) negotiated a five-year lease with Sinijod, Inc. for an 1,850 sq.ft. Let’s Go Clothing along Prospect Street in La Jolla, CA. The company represented the landlord, Prospect, LP, and StepStone Real Estate Services represented the tenant in the transaction. The company also negotiated a 63-month lease with Mia’s Nutrition Center – San Ysidro for 2,033 sq.ft. along Camino de la Plaza in San Ysidro, CA. The company represented the landlord, FS San Ysidro, LLC, and Duhs Commercial represented the tenant in the transaction. The company also negotiated a three-year lease with Signature Dance Academy for 2,700 sq.ft. along Poway Road in Poway, CA. The company represented the tenant and the landlord, Library Plaza Poway, LLC, in the transaction.
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Transwestern Retail (202-775-7000) negotiated a lease with Pizza Autentica for space at Century Center, located in Arlington, VA. The company represented the tenant and KLNB Retail represented the landlord, Lowe Enterprises, in the transaction. The company also negotiated a lease with Pizza Autentica for space at Capitol View, located along Third Street Southwest in Washington, DC. The company represented the tenant and Rappaport Retail Brokerage represented the landlord, Clark Enterprises, in the transaction. The company also negotiated a lease with Clyde’s Restaurant Group for a 35,790 sq.ft. Hamilton Square Grill at Hamilton Square, located along 14th Street Northwest in Washington, DC. The company represented the landlord in the transaction.
for shopping centers, office & medical bldgs.
Colliers International Central Florida (727442-7184) negotiated a lease with Eagle and Family, LLC for 3,600 sq.ft. at Saxon Crossings, located along Enterprise Road in Orange City, FL. The company represented the tenant and Forness Properties represented the landlord, Saxon Crossing Partners, Ltd., in the transaction. The company also negotiated a lease with Hallmark Properties for 2,850 sq.ft. along South Highway 27 in Clermont, FL. The company represented the landlord and Weichert Realtors represented the tenant in the transaction.
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Regency Centers (610-747-1212) negotiated a lease with U.S. Postal Service for space at Newtown Square, located along West Chester Pike in Newtown Square, PA. The company also negotiated a lease with Elements Therapeutic Massage for space at Silver Spring Square, located at the intersection of Carlisle Pike and Lambs Gap Road in Mechanicsburg, PA.
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Reichel Realty (561-478-4440) negotiated a five-year lease with Dollar Tree for 10,000 sq.ft. and a lease renewal with Publix for 40,000 sq.ft. at Nassau Square, located along Lake Worth Road in Lake Worth, FL. The company also negotiated a lease renewal with Winn-Dixie for 40,400 sq.ft. at Forest Hill Center, located at the intersection of Forest Hill Boulevard and Congress Avenue in Palm Springs, FL. The company also negotiated a ground lease renewal with Taco Bell at Sandalfoot Square Shopping Center, located at the intersection of U.S. Highway 441 and Marina Drive in West Boca Raton, FL. Metro Commercial Real Estate, Inc. (856222-3015) negotiated a lease with hhgregg for 40,135 sq.ft. at Swedesford Plaza, a 152,000 sq.ft. neighborhood shopping center located along North Swedesford Road in Berwyn, PA. The tenant joins Pathmark and Golf Galaxy at the center. The company represented the landlord and Atlantic Retail Properties represented the tenant in the transaction. The company also negotiated a sublease with Ashley Furniture for 21,827 sq.ft. at Brandywine Town Center, located in Wilmington, DE. The company represented the sublessor, Lane Furniture, in the transaction. The company also negotiated a lease with Family Dollar for 9,343 sq.ft. along Washington Avenue in Philadelphia, PA. The company represented the landlord, Kimco Realty, and Wexler Commercial Real Estate represented the tenant in the transaction. Divaris Real Estate, Inc. (757-497-2113) negotiated a lease with Harbor Freight Tools for 12,000 sq.ft. along Highway 17 South in North Myrtle Beach, SC. The company represented the landlord, Klaff Realty, LP, in the transaction. NAI Friedland Realty (914-968-8500) negotiated a lease with Cheeburger Cheeburger for 3,340 sq.ft. along Mamaroneck Avenue in White Plains, NY. The company represented the landlord, Silverman Realty, and Landmark Commercial Real Estate Services, Inc. represented the tenant in the transaction. The company also negotiated a lease with Brightside Academy for 11,090 sq.ft. along Belmont Avenue in Brooklyn, NY. The company represented the landlord, RESJ Realty Corp., and the tenant in the transaction. Sansone Group (314-727-6664) negotiated a three-year lease renewal with Marvelous Maids, Inc. for 1,436 sq.ft. along Triad West in O’Fallon, MO. DM
Lead Sheet Big M, Inc. dba Afaze Joel Seibert 12 Vreeland Avenue Totowa, NJ 07512 973-890-0021, Fax 973-256-0506 Email: jseibert@mandee.com Web site: www.mandee.com
Accessories The nine-unit chin operates locations throughout NJ and NY. The stores, offering accessories for men and women, occupy spaces of 800 sq.ft. to 1,000 sq.ft. in malls. Growth opportunities are sought throughout the existing markets during the coming 18 months.
O’Reilly Automotive dba O’Reilly Automotive and CSK Auto Ami Nichols 233 South Patterson Avenue Springfield, MO 65802 417-862-3333 Ext. 5825, Fax 417-874-7112 Web site: www.oreillyauto.com
Automotive The 3,800-unit operates locations nationwide throughout 38 states. The automotive parts and accessories stores occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought for the O’Reilly Automotive concept throughout the existing market during the coming 18 months. Preferred cotenants include Dollar General and Family Dollar. Major competitors include AutoZone, Carquest, NAPA Auto Parts and Advance Auto. Preferred demographics include a population of 10,000 within five miles earning $30,000 as the average household income. A land area of one acre is required for freestanding locations.
Precision Auto Care, Inc. dba Precision Tune Auto Care Lee Oppenheim 748 Miller Drive Southeast Leesburg, VA 20175 800-438-8863, Fax 703-669-1539 Web site: www.precisiontune.com
Automotive The 344-unit chain operates locations nationwide and internationally. The automotive service centers occupy spaces of 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years.
Safelite Group dba Safelite Auto Glass John Kraft 2400 Farmers Drive Columbus, OH 43235 614-210-9000, Fax 614-210-9351
Automotive The 700-unit chain operates locations nationwide. The stores, offering and installing automotive glass and related items, as well as providing windshield repair, occupy spaces of 1,800 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Speedee Worldwide Corp. dba Speedee Oil Change & Tune Up c/o Midas International Mark Dearing 4 Sanctuary Boulevard, Suite 102 Mandeville, LA 70471 985-624-2261 Ext. 223, Fax 985-624-3829 Email: mdearing@speedeecorp.com Web site: www.speedeecorp.com
Automotive The 175-unit chain operates locations nationwide and internationally. The automotive service centers, offering oil changes, tune-ups, brake service and preventative maintenance, occupy spaces of 2,950 sq.ft. in freestanding locations, malls and mixed-use centers. Growth opportunities are sought throughout CA, LA and NC during the coming 18 months, with representation by Midas International. Typical leases run 15 years. Specific improvements are required. Preferred demographics include a population of 25,000 within three miles earning $55,000 as the average household income. Major competitors include Jiffy Lube. The company is franchising.
Craddock Oil Co., Inc. dba Craddock Oil David Craddock PO Box 1430 McComb, MS 39648 601-684-5641 Ext. 11, Fax 601-684-2068
Convenience The 30-unit chain operates locations throughout MS. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Major competitors include The Pantry and Sprint Mart. The company prefers to acquire sites. A land area of 1.5 to two acres is required.
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Lead Sheet Grace Energy Corp. dba Fastrip and Snak-Atak Jerry Perry PO Box 514 2485 West Old 66 Boulevard Carthage, MO 64836-9806 417-358-7300, Fax 417-358-4104 Email: jperry@graceenergy.com Web site: www.graceenergy.com
Convenience The 42-unit chain operates locations throughout AR, KS, MO and OK. The convenience stores, with gasoline facilities, occupy spaces of 3,600 sq.ft. in freestanding locations. Plans call for three openings throughout AR, MO and OK during the coming 18 months. The company prefers to acquire sites.
Johnny Quik Food Stores, Inc. dba Johnny Quik Food Stores Ernie Beal 96 Shaw Avenue, Suite 240 Clovis, CA 93612 559-297-6830, Fax 559-297-7519
Convenience The 18-unit chain operates locations throughout CA. The convenience stores occupy spaces of 3,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout Fresno, CA during the coming 18 months. Preferred demographics include a population of 25,000 within two miles earning $50,000 as the average household income.
Quik Stop Markets, Inc. dba Quik Stop Markets Bill Rankin 4567 Enterprise Street Fremont, CA 94538 510-657-8500, Fax 510-657-1544 Email: bill.rankin@quikstop.com Web site: www.quikstop.com
Convenience The 106-unit chain operates locations throughout northern CA and northern NV. The convenience stores, with gasoline facilities, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations. The company is looking to acquire two to four existing convenience stores with gasoline facilities within the existing markets during 2010. Specific improvements are required. Major competitors include Arco and 7-Eleven. The company is franchising and prefers to locate in corner sites with high traffic counts.
Bed Bath & Beyond, Inc. dba Harmon Face Values Phil Oney 650 Liberty Avenue Union, NJ 07083 908-688-0888 Email: phil.oney@bedbath.com
Cosmetics The 45-unit chain operates locations throughout CT, NJ and NY. The stores, offering discounted cosmetics, health and beauty care products and fragrances, occupy spaces of 5,500 sq.ft. to 6,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout Fairfield County, CT; the greater New York, NY metropolitan area; NJ; New England and the Baltimore, MD and Washington, DC metropolitan areas during the coming 18 months.
Dillard’s, Inc. dba Dillard’s Wes Cherry 1600 Cantrell Road Little Rock, AR 72201 501-376-5200, Fax 501-399-7502 Email: wes.cherry@dillards.com Web site: www.dillards.com
Department Store The 315-unit chain operates locations throughout the midstates, southern and western regions of the U.S. The department stores occupy spaces of 70,000 sq.ft. to 300,000 sq.ft. in malls. Growth opportunities are sought nationwide during the coming 18 months.
Hudson’s Bay Co. dba Zellers Bruce Moore 401 Bay Street, Suite 600 Toronto, Ontario Canada M5H 2Y4 416-861-6976, Fax 416-861-6870
Department Store The 280-unit chain operates locations throughout Canada. The department stores occupy spaces of various sizes in malls and power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
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Lead Sheet R.H. Reny, Inc. dba Reny’s John Reny 731 Route 1 Newcastle, ME 04553 207-563-3177, Fax 207-563-5681 Web site: www.renys.com
Department Store The 14-unit chain operates locations throughout ME. The department stores occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 25,000 within 10 miles.
Hy-Vee, Inc. dba Hy-Vee Drugstore Dennis Ausenhus 5820 Westown Parkway West Des Moines, IA 50266 515-267-2800, Fax 515-267-2967 Web site: www.hy-vee.com
Drug Store The 228-unit chain operates locations throughout IA, IL, KS, MN, MO, SD and WI. The drug stores occupy spaces of 86,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Polk’s Discount Drug Buell Polk 335 Crossgates Boulevard Brandon, MS 39042 601-825-8660, Fax 601-825-6983
Drug Store The six-unit chain operates locations throughout LA and MS. The drug stores occupy spaces of 2,800 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to locate near hightraffic areas, schools, churches, doctor’s offices and retail areas.
Uniprix, Inc. dba Uniclinique, Uniprix, Unipharm and Clinique Sante Marc Leclerc 5000 Metropolitan Boulevard East St. Leonard, Quebec, Canada H1S 3G7 514-725-1212, Fax 514-723-723-8205 Email: marc.leclerc@uniprix.com Web site: www.uniprix.com
Drug Store The 360-unit chain operates locations throughout Canada. The drug stores occupy spaces of 8,000 sq.ft. in freestanding locations, malls and specialty and strip centers. Growth opportunities are sought throughout Quebec, Canada during the coming 18 months. Preferred cotenants include food retailers. The company is franchising.
Wehrenberg Theatres John Mitchell 12800 Manchester Road St. Louis, MO 63131 314-822-4520 Ext. 120, Fax 314-822-8032 Email: johnmitchell@wehrenberg.com Web site: www.wehrenberg.com
Entertainment The 15-unit chain operates locations throughout IA, IL, MN and MO. The movie theaters occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations and lifestyle centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years.
Cash America International, Inc. dba Cash America Pawn Doak Raulston 1600 West 7th Street Ft. Worth, TX 76102-2599 817-335-1100, Fax 817-570-1695 Web site: www.cashamerica.com
Finance The 500-unit chain operates locations throughout AK, AL, AZ, CO, FL, GA, IL, IN, KY, LA, MO, NC, NE, OH, OK, SC, TN, TX, UT and WA. The stores occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations and strip and value centers. Growth opportunities are sought throughout AZ, CA, FL, IL, NV and TX during the coming 18 months. Typical leases run five years with three, five-year options. A vanilla shell is required. Preferred demographics include a population of 80,000 within three miles earning $35,000 to $45,000 as the average household income. Major competitors include EZ Pawn, First Cash and Value Pawn.
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Lead Sheet Variety Wholesalers, Inc. dba Maxway, Super 10 and Super Dollar Phil Pope PO Box 947 Henderson, NC 27536 252-430-2618, Fax 252-430-2673 Email: ppope@vwstores.com Web site: www.vwstores.com
General Merchandise The 432-unit chain operates locations throughout AL, GA, LA, MD, MS, NC, southeastern OH; Philadelphia, PA; SC, TN and VA. Super 10 prefers to occupy spaces of 8,000 sq.ft. to 12,000 sq.ft., Maxway prefers to occupy spaces of 15,000 sq.ft. to 22,000 sq.ft. and Super Dollar prefers to occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in strip centers and urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company is seeking second- or third-generation spaces only. A vanilla shell is required. Preferred demographics include a population of 15,000 within three miles earning $45,000 as the average household income. Major competitors include Walmart, Kmart, Fred’s, Big Lots, Family Dollar and Dollar General.
Petsense, Inc. dba Petsense Robin Muir PO Box 2510 Amarillo, TX 79105 806-570-2874 Email: robin-muir@hotmail.com Web site: www.petsenseoutlet.com
Pet Supplies The 35-unit chain operates locations nationwide. The pet supply stores occupy spaces of at least 5,200 sq.ft. in grocery-anchored strip centers. Plans call for 35 openings throughout the southwestern, southeastern and southern regions of the U.S. during the coming 18 months. Typical leases run five years. A turnkey is required. Preferred cotenants include Walmart, Home Depot and Lowe’s Home Improvement.
Daneli Shoe Co. dba Footwear Etc. and Footwer Outlet Mr. Elie Monarch 540 East Weddell Drive, Suite 6 Sunnyvale, CA 94089 408-744-1122, Fax 408-744-9994 Email: elie@footwearetc.com Web site: www.footwearetc.com
Shoes The nine-unit chain operates locations throughout northern CA. Footwear Etc. prefers to occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. and Footwear Outlet prefers to occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of strip centers. Growth opportunities are sought throughout the existing market, as well as southern CA, during the coming 18 months. The company prefers to locate in affluent markets.
Color Me Mine Enterprises, Inc. dba Color Me Mine Maria Baker 3722 San Fernando Road Glendale, CA 91204 Email: sitescolormemine@gmail.com Web site: www.colormemine.com
Specialty The 125-unit chain operates locations nationwide and internationally. The stores, featuring paint-your-own ceramics, occupy spaces of 1,100 sq.ft. to 2,300 sq.ft. in lifestyle centers and downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include bookstores, theaters and restaurants. Expansion is franchise-driven, and the company will also consider sites located in large strip centers.
Academy Ltd. dba Academy John Hay 1800 North Mason Road Katy, TX 77449 281-579-1555, Fax 281-646-5106 Web site: www.academy.com
Sporting Goods The 105-unit chain operates locations throughout AL, AR, FL, GA, LA, MO, MS, OK, SC, TN and TX. The sporting goods stores occupy spaces of 75,000 sq.ft. to 85,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
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
September 3, 2010
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Apparel Chains Expand Nationwide (continued from page one)
GWK Enterprises, Inc. trades as Four Seasons at six locations throughout IA and IL. The stores, offering women’s casual apparel, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in strip centers. Growth opportunities are sought throughout Bloomington, IL during the coming 18 months. Typical leases run five years. A vanilla shell is required. The company is site-selective. For more information, contact George Kutsunis or Katie Andrios, GWK Enterprises, Inc., 120 South State Street, Geneseo, IL 61254; 309-944-6516, Fax 309-944-8262; Email: katie@gwkenterprises.com; Web site: www.fourseasonsdirect.com.
Sources of Financing Lighthouse Commercial Mortgage provides financing for commercial properties. Notes are available in amounts above $1 million with a maximum loan-to-value ratio of 75%. The company also provides construction financing in amounts above $1.5 million featuring a maximum loan-to-value ratio of 75%. For more information, contact Mike Anderson, Lighthouse Commercial Mortgage, 3220 Riverside Drive, Columbus, OH 43221; 614-340-3972; Email: manderson@lighthouse-commercial.com.
The Washington Trust Co.’s Commercial Real Estate Group provided $723,750 to Mystic Drawbridge Holdings I, LLC for the refinancing and renovation of a multi-story, 9,400 sq.ft. mixed-use building located along Cottrell Street in Mystic, CT. The company provides financing for the construction, refinancing and acquisition of investment real estate projects. For more information, contact The Washington Trust Co., 23 Broad Street, Westerly, RI 02891; 401-348-1200; Web site: www.washtrust.com. DM
Hamrick’s, Inc. trades as Hamrick’s at 21 locations throughout GA, NC, SC and TN. The stores, offering family apparel, accessories, footwear and gift items, occupy spaces of 40,000 sq.ft. to 42,000 sq.ft. in freestanding locations, malls and power and strip centers. Plans call for two openings within the existing markets during the coming 18 months. The company prefers site submittals via mail. For more information, contact Jake Hamrick, Hamrick’s, Inc., 742 Peachoid Road, Gaffney, SC 29342; Web site: www.hamricks.com. BMR Holdings, LLC trades as Patchington at 25 locations throughout FL. The stores, offering women’s apparel, accessories and footwear, occupy spaces of 1,500 sq.ft. in specialty centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. For more information, contact Maureen Jack, BMR Holdings, LLC, 13920 58th Street North, Suite 1006, Clearwater, FL 33760; 727-536-2195 Ext. 226, Fax 727-535-0296. Retail Brand Alliance, Inc. trades as Brooks Brothers and Brooks Brothers Factory Store at 216 locations nationwide. The stores, offering men’s casual and business apparel, occupy spaces of 2,500 sq.ft. to 7,000 sq.ft. in malls, lifestyle centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. The company also plans to reposition some existing locations and prefers to locate in affluent markets. For more information, contact Roger Kehm, Retail Brand Alliance, Inc., 1101 North Congress Avenue, Boynton Beach, FL D M 33426; 561-733-2787. follow us on twitter at: www.twitter.com/dealmakersmag become a facebook fan at: www.facebook.com/thedealmakers www.dealmakers.net
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Dealmakers
September 3, 2010
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California
California
Anaheim – Anaheim Town Square, a 373,000 sq.ft. power center, has spaces available of 2,047 sq.ft. and 17,557 sq.ft. Ralph’s Supermarket, Kmart and 99 Cents Only Store anchor the center. Cotenants include Anna’s Linens, T-Mobile, Coffee Bean & Tea Leaf, Wells Fargo, Payless ShoeSource, Hometown Buffet, Susie’s Deals, Kragen and Planet Fitness. Area demographics include a population of 190,355 within three miles earning $71,356 as the average household income. The average daily traffic count is 66,000 vehicles. For details, contact Austin Bettar, Newmark Merrill Cos., 5850 Canoga Avenue, Suite 650, Woodland Hills, CA 91367; 818710-6100, Fax 818-710-6116; Email: abettar@newmarkmerrill.com; Web site: www.newmarkmerrill.com.
HSBC, Koba Tofu Grill, Cherry on Top, Tea Rush, Shiseido Cosmetics, Center Bank and Orchepia Music School. Area demographics include a population of 211,803 within five miles earning $99,250 as the average household income. The average daily traffic count is 31,218 vehicles. The asking monthly rent is $2.25 psf with CAM of $0.68 psf. For details, contact Steve Liu, NAI Capital, 4650 Von Karman Avenue, Newport Beach, CA 92660; 949-468-2385, Fax 949-8547378; Email: sliu@naicapital.com; Web site: www.naicapital.com.
Yuba City – Yuba Sutter Mall, a 700,000 sq.ft. mall, has spaces available from 600 sq.ft. to 6,000 sq.ft. Sears, JCPenney, Ross Dress for Less and Forever 21 anchor the center. Cotenants include American Eagle Outfitters, Bath & Body Works, Hot Topic, PacSun, Anchor Blue, Foot Locker, Spencer Gifts, The Finish Line, Journey’s Shoes, Lids, Zumiez and rue21. Area retail includes Kohl’s, Target and Walmart. Area demographics include a population of 185,000 within 10 miles earning $78,000 as the average household income. The average daily traffic count is 69,000 vehicles. For details, contact Wayne Poe, Steadfast Cos., 18100 Von Karman Avenue, Suite 500, Irvine, CA 92612; 949-623-9121, Fax 949-777-8321; Email: wpoe@steadfastcompanies.com; Web site: www.steadfastcompanies.com.
Diamond Bar – Diamond Hills Plaza, a 150,000 sq.ft. shopping center located along Cold Spring Lane, has spaces available of 1,395 sq.ft.; 2,999 sq.ft. and 4,500 sq.ft. Super H Mart, an Asian supermarket and Rite Aid anchor the center. Cotenants include Starbucks, Burger King, KFC, RadioShack,
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September 3, 2010
The
Montclair – Montclair Towers, a 33,558 sq.ft. strip center located at the intersection of Central Avenue and Moreno Street, has spaces available of 3,300 sq.ft.; 4,300 sq.ft. and 7,400 sq.ft. The asking monthly rent ranges from $0.75 psf to $1 psf with CAM of $0.35 psf. For details, contact Craig Mitchell, Daum Commercial, 3595 East Inland Empire Boulevard, Ontario, CA 91764; 909-652-9041, Fax 909-652-9061; Email: craig.mitchell@daumcommercial.com.
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Connecticut Glastonbury – Griswold Shopping Center, a 57,000 sq.ft. strip center situated on four acres at the intersection of Main Street and Griswold Street, has spaces available of
Space Place
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Connecticut
Florida
Illinois
1,125 sq.ft.; 1,465 sq.ft. and 3,200 sq.ft. Pier 1 Imports and Bertucci’s anchor the center. Area retail includes Stop & Shop, Staples, T.J. Maxx and Whole Foods Market. Area demographics include a population of 33,007 within three miles earning $80,666 as the median household income. The average daily traffic count is 40,000 vehicles. The asking rent is $18 psf with CAM of $4 psf and taxes of $2.75 psf. Manchester – Manchester Parkade, a 400,000 sq.ft. strip center situated on 27 acres at the intersection of Broad Street and West Middle Turnpike, has a 1,600 sq.ft. space available. Super Stop & Shop, Fashion Bug and Dollar Tree anchor the center. Area demographics include a population of 72,000 within five miles earning $58,000 as the median household income. Also, Shaw’s Plaza, a 71,000 sq.ft. strip center situated on eight acres at the intersection of Center Street and Broad Street, has spaces available of 7,500 sq.ft. and 64,000 sq.ft. Area retail includes Pizza Hut, Cost Cutters, Stop & Shop, Fashion Bug and Dollar Tree. Area demographics include a population of 70,000 within five miles earning $56,000 as the median household income. The average daily traffic count is 35,000 vehicles. The asking rent is $12 psf with CAM of $2 psf and taxes of $2.50 psf. Seymour – A 50,000 sq.ft. freestanding building located at the intersection of Route 8 and Route 67 is available for ground lease. For details regarding the Glastonbury and Manchester properties, contact George Lee, Northeast Retail Leasing & Management Co., LLC, 360 Bloomfield Avenue, Suite 303, Windsor, CT 06095; 860-683-9000, Fax 860683-1600; Email: glee@northeastretail.com; Web site: www.northeastretail.com. For details regarding the Seymour property, contact Michael Sarasin; Email: msara@yahoo.com.
Estero, a 25,970 sq.ft. strip center located at the intersection of U.S. Highway 41/Tamiami Trail and Pelican Sound Boulevard, has spaces available of 1,600 sq.ft.; 2,000 sq.ft. and 2,800 sq.ft. ABC Liquors, FedEx Office and Mattress Giant anchor the center. Cotenants include Jimmy John’s and Garb Edge Apparel. Area demographics include a population of 65,503 within five miles earning $94,890 as the average household income. The average daily traffic count is 39,500 vehicles. The asking rent is $15 psf with CAM of $4.58 psf. For details, contact Linda CarrickWarfield, Ram Realty Services, 5555 Anglers Avenue, Suite 21, Ft. Lauderdale, FL 33312; 954-874-1026, Fax 954-874-1046; Email: lwarfield@ramrealestate.com; Web site: www.ramrealestate.com.
329,344 within five miles. The average daily traffic count is 31,400 vehicles. For details, contact Dan Steinberg, Titan Commercial, 2300 East Rand Road, Arlington Heights, IL 60004; 312-373-7100, Fax 312373-1400; Email: dsteinberg@titancre.com; Web site: www.titancommercialrealestate.com.
Bradenton – Rivers Edge Publix Center, a 61,000 sq.ft. strip center located at the intersection of 48th Court East and Manatee Avenue East/SR 64, has a divisible 4,800 sq.ft. endcap space available. Publix anchors the center and cotenants include CitiFinancial. Area retail includes Walmart, Office Depot, Outback Steakhouse and Applebee’s. Area demographics include a population of 36,500 within three miles earning $58,000 as the median household income. The average daily traffic count is 43,500 vehicles. The asking rent is $16 psf with CAM of $6 psf. For details, contact Charles Parker, Hembree & Associates, 1335 2nd Street, Sarasota, FL 34236; 941-951-1776; Email: cparker@hembreeco.com; Web site: www.hembreeco.com.
Nebraska
Florida Bonita Springs – Springs Plaza, a 199,922 sq.ft. strip center located at the intersection of U.S. Highway 41 and Bonita Beach Road, has spaces available of 2,377 sq.ft. and 3,000 sq.ft. along with a 2,028 sq.ft. outlot. Sweetbay Supermarket, LA Fitness, Bealls Outlet and Goodwill Industries anchor the center. Cotenants include The UPS Store, Jersey Mike’s, Iguana Mia, Jiffy Lube, McDonald’s and Pizza Hut. Area demographics include a population of 80,490 within five miles earning $99,232 as the average household income. The asking rent ranges from $10 psf to $20 psf with CAM of $3.17 psf. Estero – Shoppes of
West Palm Beach – Century Plaza South, a 202,002 sq.ft. strip center, has spaces available of 540 sq.ft.; 780 sq.ft. and 1,040 sq.ft. Area retail includes Toys “R” Us, Publix, Royal Palm Center and Turnpike Center. Area demographics include a population of 79,058 within five miles earning $55,371 as the median household income. The average daily traffic count is 70,000 vehicles. The asking annual rent is $16 psf with CAM of $4 psf and taxes of $3 psf. For details, contact Matt Dardashti, Greenfield Management, 5762 Okeechobee Boulevard, Suite 202, West Palm Beach, FL 33417; 310-597-3662, Fax 818-988-2838; Email: simchaplaza@aol.com.
Illinois Arlington Heights – Bradenberry Park Shopping Center, a strip center situated on four acres along Rand Road, has spaces available of 1,365 sq.ft. and 2,777 sq.ft. Area demographics include a population of www.dealmakers.net
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Dealmakers
Chicago – An 8,850 sq.ft. freestanding building situated on a land area of 22,250 sq.ft. along 103rd Street is available. Area retail includes Walgreens, AutoZone, Family Dollar and Chase Bank. For details, contact Josh Levy, Levco Group, LLC, 1344 North Sutton Place, Chicago, IL 60610; 312-925-8366; Email: levcogroupllc@gmail.com; Web site: www.thelevcogroup.com.
Bellevue – Richmont Pointe, a 14,910 sq.ft. strip center located at the intersection of Cornhusker Road and Ft. Crook Road, has spaces available from 3,587 sq.ft. to 8,231 sq.ft. Cotenants include Edward Jones and The UPS Store. Area demographics include a population of 82,753 within five miles earning $63,907 as the average household income. The average daily traffic count is 37,400 vehicles. The asking rent is $14.75 psf. Omaha – Georgetowne, a 17,315 sq.ft. strip center located at the intersection of 144th Street and West Center Road, has spaces available from 3,000 sq.ft. to 5,000 sq.ft. Area retail includes Oakview Mall and Ace Hardware. Area demographics include a population of 201,584 within five miles earning $93,472 as the average household income. The average daily traffic count is 63,750 vehicles. The asking rent is $14 psf. Also, an 11,628 sq.ft. center located at the intersection of South 18th Street and Howard Street has spaces available of 1,728 sq.ft. and 9,900 sq.ft. Area demographics include a population of 179,411 within five miles earning $55,402 as the average household income. The average daily traffic count is 7,550 vehicles. The asking rent is $10 psf. For details regarding the Bellevue property, contact Jim Vokal, Coldwell Banker Commercial World Group, 780 North 114th Street, Omaha, NE 68154; 402-697-8899, Fax 402-697-8585; Email: jvokal@worldgroupllc.com; Web site: www.worldgroupllc.com. For details regarding Georgetowne, contact Nancy Klauschie; Email: nklauschie@worldgroupllc.com. For details regarding the South 18th Street property, contact Ryan Blumkin; Email: rblumkin@worldgroupllc.com. (continued on page twenty) September 3, 2010
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(continued from page nineteen)
Franklin Township – Franklin Center, located at the intersection of Hamilton Street and Veronica Avenue, has a divisible 20,610 sq.ft. pad site available. Area retail includes Subway, McDonald’s, White Castle, Aldi and Bank of America. Area demographics include a population of 204,664 within five miles earning $72,066 as the average household income. The average daily traffic count is 18,000 vehicles. Paramus – A twoacre parcel located at the intersection of Forest Avenue and Route 4 is available for
New Jersey
New Jersey
ground lease or build-to-suit. Area retail includes Ikea, Citibank, Toys “R” Us, Macy’s Furniture, Garden State Plaza and Bergen Town Center. Area demographics include a population of 498,067 within five miles earning $90,177 as the average household income. The average daily traffic count is 150,000 vehicles. River Vale – A strip center located at the intersection of Westwood Avenue and Rivervale Road has a 2,750 sq.ft. endcap space available. Area retail includes Rite Aid, Subway, 7-Eleven, Dunkin’ Donuts and Valley National Bank.
Area demographics include a population of 224,363 within five miles earning $118,953 as the average household income. South Orange – A 1,600 sq.ft. freestanding former Pizza Hut located at the intersection of Valley Street and Massel Terrace is available. Area retail includes Rite Aid, Subway, PNC Bank, Carvel, Rita’s and Pathmark. Area demographics include a population of 617,180 within five miles earning $82,058 as the average household income. Wayne – A 3,055 sq.ft. freestanding former Maria’s Ravioli located at the intersection of Route 23 and Route 46 is available. Area retail includes Home Depot, T.G.I. Friday’s, P.C. Richard & Son, Electronics Expo, Verizon Wireless and The Sports Authority. Area demographics include a population of 416,163 within five miles earning $86,626 as the average household income. For details regarding the Franklin Township property, contact Mark Handwerker, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700, Fax 201-703-9678; Email: mhandwerker@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. For details regarding the Paramus, South Orange and Wayne properties, contact Lew Finkelstein; Email: lfinkelstein@thegoldsteingroup.com. For details regarding the River Vale property, contact Ryan D. Glastein; Email: rglastein@thegoldsteingroup.com.
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Livingston – Cedar Plaza, a 25,415 sq.ft. strip center situated on 2.5 acres at the intersection of South Livingston Avenue and Cedar Street, has a 2,829 sq.ft. space available along with two spaces of 1,293 sq.ft. CVS anchors the center and cotenants include Nail Quest, Cartridge World, Papa John’s, NY Bagel, The UPS Store, Spare Pair and Laurzean Jewelers. Area demographics include a population of 149,939 within five miles earning $115,045 as the median household income. The asking rent is $25 psf with CAM and taxes of $7 psf. For details, contact Sandy Schonberger, Schonberger Associates, LLC, 615 West Mt. Pleasant Avenue, Livingston, NJ 07039; 973-758-9890, Fax 973-758-9877; Email: sandy@schonbergerassociates.com; Web site: www.schonbergerassociates.com.
New York Oceanside – A 37,000 sq.ft. strip center located along Long Beach Road has (continued on page twenty-two)
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September 3, 2010
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Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you:
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New York (continued from page twenty)
spaces available of 2,000 sq.ft. and 8,000 sq.ft. Cotenants include Blockbuster Video. The asking rent is $25 psf with CAM of $11 psf. For details, contact Henrietta Adler, Home and Hearth Real Estate, 230 Merrick Road, Oceanside, NY 11572; 516-4760533, Fax 516-594-8619; Email: henriettaadler@yahoo.com; Web site: www.homeandhearthre.com.
North Carolina Asheville – Gerber Village, a 93,511 sq.ft. mixed-use center with a 59,877 sq.ft. retail and restaurant component located at the intersection of U.S. Highway 25/ Hendersonville Road and Gerber Road, has spaces available from 324 sq.ft. to 3,307 sq.ft. Office Depot anchors the center and cotenants include Frankie Bones, Verizon Wireless and Thirsty Monk. Area demographics include a population of 174,442 within 10 miles earning $62,360 as the average household income. The average daily traffic count is 35,000 vehicles. Goldsboro – Berkeley Mall, a 458,000 sq.ft. regional mall located at the intersection of Highway 70 and Berkeley Boulevard, has space available along with
North Carolina
North Carolina
outlots. Belk, JCPenney and Sears anchor the center. Area demographics include a population of 181,842 within 20 miles earning $49,579 as the average household income. For details, contact Justin P. Schad, Faison, 121 West Trade Street, 27th Floor, Charlotte, NC 28202; 704-972-2634, Fax 704-9722698; Email: justin.schad@faison.com; Web site: www.faison.com.
Commons, a 51,088 sq.ft. center situated on 7.33 acres at the intersection of Highway 601 and Highway 49, has a 1,400 sq.ft. space available. Food Lion anchors the center. Area demographics include a population of 163,064 within 10 miles earning $76,902 as the average household income. The asking rent is $14 psf with CAM of $2.15 psf. Pineville – Park 51 Center Shops, a 34,950 sq.ft. center situated on 5.2 acres at the intersection of Park Road and Highway 51/Pineville-Matthews Road, has spaces available of 2,200 sq.ft. and 4,600 sq.ft. Black Lion Furniture anchors the center. Area demographics include a population of 158,956 within five miles earning $114,381 as the average household income. The asking rent is $14 psf with CAM of $2.01 psf. For details regarding Olde Lancaster Town Center, contact Louis H. Asbury, Cornerstone Property Advisors, 2333 Randolph Road, Suite 135, Charlotte, NC 28209; 704358-9910, Fax 704-358-9981; Email: lasbury@cornerstonepropertyadvisors.com; Web site: www.cornerstonepropertyadvisors.com. For details regarding the remaining properties, contact Dillard Williams; 704-358-9917; Email: dwilliams@cornerstonepropertyadvisors.com.
Charlotte – Olde Lancaster Town Center, a 78,000 sq.ft. mixed-use center located at the intersection of Providence Road West and Lancaster Highway, has spaces available of 1,998 sq.ft. and 4,500 sq.ft. Cotenants include Anytime Fitness. Area demographics include a population of 49,182 within five miles earning $117,984 as the average household income. The average daily traffic count is 17,000 vehicles. Also, Kings Pointe, a 43,346 sq.ft. center, has a 2,502 sq.ft. space available along with two spaces of 1,280 sq.ft. Mama Ricotta’s anchors the center. Area demographics include a population of 236,396 within five miles earning $69,522 as the average household income. The average daily traffic count is 17,800 vehicles. The asking rent is $17 psf with CAM of $4.34 psf. Concord – Southgate
(continued on page twenty-four)
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Dayton – Lyons Crossing, a 201,660 sq.ft. power center located at the intersection of SR 741 and Lyons Road, has a 118,000 sq.ft. space available. Area retail includes Dayton Mall, Target, Walmart, Home Depot and Lowe’s Home Improvement. Area demographics include a population of 122,047 within five miles earning $75,244 as the average household income. The average daily traffic count is 32,430 vehicles. The asking rent ranges from $6 psf to $18 psf with CAM of $1.72 psf and taxes of $2.46 psf. For details, contact Dan Paxton, Edge Real Estate Group, 8154 Montgomery Road, Cincinnati, OH 45236; 513-489-3343 Ext. 3, Fax 513-489-3352; Email: dpaxton@edgegp.com; Web site: www.edgegp.com.
Ohio
Pennsylvania
Columbus, OH 43235; 614-310-2151, Fax 614-802-2901; Email: mcooper@equity.net.
cotenants include Gold’s Gym, Assante’s Pizza, Better You Nutrition, China Wok, H&R Block, Family Dollar, Las Palmeras Restaurant, La Union Market, Jackson Hewitt Tax Service and Rent-A-Center. Area demographics include a population of 45,687 within five miles earning $56,161 as the average household income. For details, contact Joe DelBalso, Paran Management Co., Ltd., 2720 Van Aken Boulevard, Suite 200, Cleveland, OH 44120; 216-921-5663 or 800-888-5663; Email: jdelbalso@paranmgt.com; Web site: www.paranmgt.com.
Oregon Salem – Cypress Center, a 25,000 sq.ft. strip center situated on 1.65 acres at the intersection of Cypress Street and Lancaster Road, has a 5,250 sq.ft. space available. Subway, Tan Republic and HomeTown Mattress anchor the center. Cotenants include Best Teriyaki. Area retail includes Lancaster Mall. The average daily traffic count is 45,000 vehicles. The asking rent is $13.20 psf with CAM of $3.72 psf. For details, contact Tiffany Jones, Coldwell Banker Commercial, 250 Division Street Northeast, Salem, OR 97301; 503-587-4777, Fax 503-588-3514; Email: tjones@cbcre.com; Web site: www.cbcre.com.
Lancaster – Ety Station, a 9,700 sq.ft. strip center situated on one acre at the intersection of State Route 33 and Ety Road, has an 1,847 sq.ft. space available. Area retail includes Walmart, Giant Eagle, Menard’s, Kohl’s, Aspen Dental and RadioShack. For details, contact Matt Cooper, Equity, 445 Hutchinson Avenue, Suite 800,
Pennsylvania Chambersburg – Southgate Shopping Center, a 255,488 sq.ft. center located along Route 30, has space available from 1,200 sq.ft. to 38,787 sq.ft. Big Lots anchors the center and
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Philadelphia – Spaces of 1,500 sq.ft. and 2,106 sq.ft. located at the intersection of Walnut Street and 21st Street are available. Area retail includes Hollywood Tans. Area demographics include a population of 92,000 within three miles. The asking rent is $30 psf. For details, contact Lynn O’Hara, Lynn R. O’Hara Real Estate. 1315 Walnut Street, Suite 1718, Philadelphia, PA 19107; 215735-0401; Email: ohararealestate@aol.com.
Tennessee Arlington – Arlington Center, located at the intersection of Highway 70 and Airline Road, has space available. Kroger anchors the center and cotenants include Subway, El Mezcal, Panda China, Mary King Nails, Patriot Bank Mortgage and A-1 Cleaners. Area demographics include a population of 11,129 within five miles earning $82,095 as the average household income. The average daily traffic count is 11,490 vehicles. Bartlett – Appling Crossing, located at the intersection of U.S. Highway 70/Summer Avenue and Appling Road, has spaces available from 1,200 sq.ft. to 5,100 sq.ft., including a 4,500 sq.ft. endcap with outdoor seating. Kroger anchors the center and cotenants include Subway, B Nails, Asia Kitchen, Iron Lion, Pak Mail, Fantastic Sams and Schaffer Dry Cleaners. Area demographics include a population of 129,161 within five miles earning $66,465 as the average household income. The average daily traffic count is 16,279 vehicles. Cordova – Cordova Ridge, located at the intersection of Houston Levee Road and Macon Road, has spaces available from 1,400 sq.ft. to 4,830 sq.ft. Kroger anchors the center and cotenants include Subway, Pak Mail, Rio Azul, Mary King Nails, Tan ‘N Go, Dexter Cleaners, Hot Heads and China Spring. Area demographics include (continued on page twenty-six)
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a population of 85,240 within five miles earning $83,450 as the average household income. Spring Hill – Campbell Station has a 1,400 sq.ft. space available. Cotenants include La Hacienda, H&R Block, Supercuts, Sunny China, Subway, Deluxe Nail Salon, Lazio Pizza and Spring Hill Formals. Area demographics include a population of 28,230 within five miles earning $75,083 as the median household income. White House – Highlands Center, located at the intersection of Interstate 65 and Highway 76, has a divisible 4,200 sq.ft. space available along with a one-acre outlot. Kroger anchors the center and cotenants include Little Caesar’s, Subway, Supercuts, Five Star Nails and Movie Gallery. Area demographics include a population of 22,558 within five miles earning $58,827 as the average household income. For details, contact Tammy Walton, Market Land Co., 3200 West End Avenue, Suite 401, Nashville, TN 37203; 615369-1600, Fax 615-383-5923; Email: twalton@marketlandco.com; Web site: www.marketlandco.com.
Texas
Texas
Austin – Horizon Center, located at the intersection of Anderson Mill Road and Highway 183, has spaces available from 1,100 sq.ft. to 2,347 sq.ft. Area retail includes Office Depot, Ross Dress for Less, Subway, Blockbuster Video, Firestone, H&R Block, Starbucks, H-E-B and McDonald’s. The average daily traffic count is 158,040 vehicles. The asking annual rent is $19.50 psf with NNN fees of $5.69 psf. Cedar Park – Lakeline Convenience Center, a 6,500 sq.ft. center located at the intersection of FM 1431 and Lakeline Boulevard, has a divisible space of 2,650 sq.ft. available. Cotenants include Ladies Workout Express, Take 5 Haircuts for Guys and Reids Cleaners. Area retail includes Target, Walmart, Ross Dress for Less, Walgreens and Office Depot. Area demographics include a population of 148,408 within five miles earning $73,436 as the median household income. The average daily traffic count is 26,000 vehicles. The asking annual rent is $18 psf with NNN fees of $6.18 psf. Hutto – Hutto Commons, located at the intersection of Front Street and Lone Star Boulevard, has
a 3,006 sq.ft. space available along with a 1,649 sq.ft. endcap. Cotenants include Common Spirits, Hutto Jewelers, Not Just Cuts, Solar Nails, Pink Penguin Frozen Yogurt and A+ Federal Credit Union. Area retail includes Home Depot, Lowe’s Home Improvement, McDonald’s, Chili’s and Chase Bank. Area demographics include a population of 125,000 within a 15-minute drive-time earning $98,270 as the average household income. The asking rent ranges from $15 psf to $16 psf with NNN fees of $6.06 psf. Lakeway – Lakeway Plaza, located along RR 620, has spaces available from 1,000 sq.ft. to 9,920 sq.ft. Area retail includes CVS, Subway, Starbucks, Whataburger, Walgreens, The Chair King, Randalls, Taco Bell, Wells Fargo, Bank of America, Blockbuster Video and The UPS Store. Area demographics include a population of 43,386 within five miles earning $131,747 as the average household income. For details, contact Alan Rust or David Simmonds, Retail Solutions; 512-373-2814 or 512-474-5557; Emails: alan@retailsolutions.us and david@retailsolutions.us. DM
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At DJM Realty, we help our clients reduce their real estate exposure by disposing of under-performing leases and fee-owned real estate and renegotiating occupancy costs. We also put our own capital to work to create strategic solutions. Facilitating growth
cutting occupancy costs
Eliminating surplus rEal EstatE
rEsolving warEhousE & oFFicE issuEs
Assisted in aggressive growth strategy by facilitating the acquisition of a significant number of retail leases throughout the U.S.
Disposition and lease renewals for over 300 locations.
Disposition of locations nationally.
Relocated Utah manufacturing plant to a new 400,000 sq. ft. facility in CA and subleased a facility in TX on behalf of ICON.
Joint venture with Tractor Supply to purchase all assets and real estate of Quality Stores.
Engaged to restructure entire real estate portfolio including terminations and rent reductions.
Ongoing disposition advisor; sold, subleased or terminated over 100 leases.
Disposition of 50,000 sq. ft. office building, as well as all 103 retail locations.
Joint venture with Rainbow Apparel to purchase over 100 Norstan locations.
Disposition and rent reductions of locations nationally.
Sold or subleased over 70 properties.
Disposition of 800,000 sq. ft. grocery distribution center, 3 warehouse facilities and 1 reclaim center.
Purchased supermarket chain on behalf of Hannaford; then disposed of all the assets and leased the locations to Hannaford.
Negotiation of rent reductions.
Disposition of locations nationally.
Disposition of 3 warehouse distribution centers totaling 800,000 sq. ft. in 3 states.
meet with DJm realty professionals at icsc Florida (Booth 1320) and icsc western Division (Booth 1416) to discuss real estate opportunities.
Andy Graiser agraiser@djmrealty.com 631.927.0029
Emilio Amendola eamendola@djmrealty.com 631.927.0023
Peter Lynch plynch@djmrealty.com 626.304.8910
w w w. d j m r e a l t y. c o m
Michael Jerbich mjerbich@djmrealty.com 312.928.1900
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OF BrEAD AND BUTTEr SHOppING CENTErS速 www.cedarshoppingcenters.com