Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXXIV
September 12, 2014
FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE The Fresh Market operates 160 locations throughout AL, AR, CA, CT, FL, GA, IL, IN, KS, KY, LA, MA, MD, MS, NC, NH, NJ, NY, OH, OK, PA, SC, TN, TX, VA and WI. The supermarkets, featuring produce, floral, meat, wine, seafood and health and beauty departments, as well as offering bulk food and prepared food items, occupy spaces of 20,000 sq.ft. to 24,000 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout NC and SC during the coming 18 months, with representation by Katz & Associates. For more information, contact Julie Gardner, Katz & Associates, 4500 Cameron Valley Parkway, Suite 240, Charlotte, NC 28211; 704602-9350; Email: juliegardner@dkatz.com; Web site: www.katzassociates.com. Aldi operates more than 1,200 locations throughout 32 states nationwide. The supermarkets occupy spaces of 17,000 sq.ft. in endcaps, inline spaces and pad sites of shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Jeffery Realty, Inc. The company prefers to acquire land areas of 2.5 acres. For more information, contact Steve Battista, Jeffery Realty, Inc., 116 Route 22, North Plainfield, NJ 07060; 908-668-9600; Email: sbattista@jefferyrealty.com; Web site: www.jefferyrealty.com.
Dan’s Supreme Super Markets, Inc. trades as Dan’s Key Food at nine locations in NY. The supermarkets, featuring deli, produce, seafood and bakery departments, occupy spaces of 20,000 sq.ft. to 50,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the New York, NY metropolitan areas during the coming 18 months. Typical leases run 25 years. For more information, contact Richard Grobman, Dan’s Supreme Super Markets, Inc., 474 Fulton Avenue, Hempstead, NY 11550; 516-483-2400 Ext. 133, Fax 516-483-1586; Email: rgrobman@danssupreme.com; Web site: www.danssupreme.com. Delhaize Group trades as Food Lion, Bottom Dollar Food and Hannaford at more than 1,300 locations throughout DE, GA, KY, MA, MD, ME, NC, NH, NJ, NY, PA, SC, TN, VA, VT and WV. The supermarkets, offering discounted grocery items, occupy spaces of 12,000 sq.ft. to 85,000 sq.ft. in freestanding locations, neighborhood, power and strip centers. Growth opportunities are sought throughout MD, ME, NC, NH, NJ, NY, PA, SC, VA and VT during the coming 18 months. Typical leases run 20 years. A vanilla shell is required. Preferred cotenants include home improvement retailers. A land area of two to seven acres is required for freestanding locations. (continued on page twenty)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 53,236 locations with plans to open 3,789 sites • Real estate valued in excess of $205 million to be bought, sold & financed • Leasing activity on over 3.2 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
ICSC PA/NJ/DE IDEA EXCHANGE New Construction Pennsylvania Real Estate Investment Trust redeveloping Gallery at Market East in Philadelphia, PA..... Pg. 3 Observations & Conversations...... Pg. 4 Buyers and Sellers RedMark Realty, LLC is looking to acquire single-tenant NNN properties throughout select areas in the northeast.............................. Pg. 6 Who’s Opening and Where Bach to Rock plans to open additional locations over the next several years.................................. Pg. 8 Food Chains Expand Buffalo Wild Wings hot for DE, NJ and PA.......................................... Pg. 12 Chop’t focuses on expansion opportunities throughout NJ.......... Pg. 12 State of the Industry...................... Pg. 16 Tenant Reps and Exclusives Winick Realty Group represents InVite Health in the tri-state region Pg. 18 Lease Signings LMS Commercial Real Estate inks deals throughout PA...................... Pg. 18 Levin Management inks anchor deal with Staples in NJ.................. Pg. 22 Making the News DLC Management Corp. taps acquisition talent........................... Pg. 19 Sources of Financing HFF closes $23 million in loans on NJ and PA shopping centers.......... Pg. 19 Lead Sheet Ollie’s Bargain Outlet continues expansion...................................... Pg. 24 Hobby Lobby eyes NJ for growth.... Pg. 25 Space Place................................... Pg. 28 Most Valuable Players................... Pg. 42
is pleased to announce... • the opening of our new jersey office • the addition of james aug as principal • the promotion of scott sher to principal
james aug
scott sher
proudly representing:
OFFICE LOCATIONS: NEW JERSEY OFFICE 30 Journal Square, Ste 300 Jersey City, NJ 07306 T 201 249 8911
OUTER BOROUGHS OFFICE 256B Flatbush Avenue Brooklyn, NY 11217 T 718 484 2002
LONG ISLAND OFFICE 500 Old Country Road, Ste 209 Garden City, NY 11530 T 516 874 8070
NEW CONSTRUCTION Michael Collard Properties is developing Island Walk, formerly the Palm Harbor Shopping Center, situated on 28 acres and located off Palm Coast Parkway between Florida Park Drive and Old Kings Road in Palm Coast, FL. Publix will anchor the site, which will also feature 50,000 sq.ft. to 234,000 sq.ft. of retail space. For more information, contact Michael Collard Properties, 1131 Symonds Avenue, Winter Park, FL 32789; 407599-4444, Fax 407-599-4445; Web site: www.collardproperties.com.
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Account Executive Nicole Papa • nicole@dealmakers.net Account Executive Connie Giordano • connie@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Research Assistant Brenda Robinson • brendar@dealmakers.net Research Assistant Krista Kopf • krista@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $344 per year U.S., foreign $419 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2014 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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Richardson Commercial Realtors is preleasing Westampton Plaza, a development located along Western Drive in Weshampton, NJ. Spaces from 1,200 sq.ft. to 8,160 sq.ft. are available. Area retail includes Kohl’s, Home Depot, Target, Dick’s Sporting Goods and Office Max. Area demographics include a population of 122,977 within five miles earning $87,438 as the average household income. The average daily traffic count is 30,000 vehicles. Opening is slated for 2015. For more information, contact Jonah Pascucci, Richardson Commercial Realtors, 52 State Highway 33, Hamilton, NJ 08619; 609-586-1000; Email: jpascucci@richardsoncommercial.com. Levin Management Corp. is preleasing Holmdel Crossing, a 110,000 sq.ft. planned retail development to be located at the intersection of Route 35 and Union Avenue in Holmdel, NJ. Spaces of 15,500 sq.ft., 35,000 sq.ft. and 60,000 sq.ft. are available. Area retailers include Target, Kohl’s, HomeGoods, Barnes & Nobles, A&P, Costco and ShopRite. Area demographics include a population of 75,542 within a three-mile radius. The average daily traffic count is 43,500 vehicles. For more information, contact Gloria Mercado, Levin Management Corp., 975 U.S. Highway 22 West, North Plainfield, NJ 07060; 908-755-2401 Ext. 270; Email: gmercado@levinmgt.com. International Speedway Corp. and Jacoby Development, Inc. are developing a mixeduse center situated on 181 acres and located along International Speedway Boulevard in Daytona Beach, FL. Plans call for 500,000 sq.ft. of retail and restaurant space, a 200unit hospitality component and a 325-unit residential sector. A 70,000 sq.ft. Bass Pro Shops and a 2,400-seat Cobbs Theaters are among the future tenants of the center. For more information, contact International Speedway Corp., International Motorsports Center, One Daytona Boulevard, Daytona Beach, FL 32114; 386-254-2700. JBG Cos. is developing the first phase of Town Center, a mixed-use project located at the intersection of North Beauregard Street and Reading Avenue in Alexandria, VA. The initial phase of construction will feature more than 1,100 residential units, 150,000 sq.ft. of retail space and a 600-slot parking lot. The project is proposed to have more than 400,000 sq.ft. of office space, 1,090 multifamily units in four, six-story buildings, 27 townhomes and a park. For more information, contact JBG Cos., 4445 Willard Avenue, Suite 400, Chevy Chase, MD 20815; Web site: www.jbg.com.
CBRE | Fameco is preleasing a proposed retail development located along West Landis Avenue in Vineland, NJ. Area retailers include Walmart Supercenter, Sears and Denny’s. Area demographics include a population of 64,597 within a five-mile radius earning $69,433 as the average household income. The average daily traffic count is 17,000 vehicles along Landis Avenue. For more information, contact Jon Kisserman, CBRE | Fameco, 625 West Ridge Pike, Building A, Suite 100, Conshohocken, PA, 19428; 610-834-8000; Email: jon.kieserman@cbre.com; Web site: www.cbre.com. Regency Centers Corp. is developing Belmont Chase, a shopping center located at the intersection of Claiborne Parkway and Route 7/Harry Byrd Highway in Ashburn, VA. A 40,000 sq.ft. Whole Foods Market will anchor the center and cotenants will include Cooper’s Hawk Winery, Peet’s Coffee and Cava Mezze Grill. The center is slated to open during summer 2015. For more information, contact Regency Centers Corp., 804-285-9410; Web site: www.regencycenters.com. Pennsylvania Real Estate Investment Trust is redeveloping the Gallery at Market East, located in Philadelphia, PA. Macerich Co. is a joint venture partner for the $200 million project. Century 21 will anchor the redvelopment. For more information, contact Pennsylvania Real Estate Investment Trust, 200 South Broad Street, Philadelphia, PA 19102-3803; 215-875-0700, Fax 215-5467311; Web site: www.preit.com. DEPG Development Associates is developing a mixed-use development situated on 200 acres along Route 739 in Dingman Township, PA. Plans include 70,000 sq.ft. of retail space that will be anchored by a supermarket and 10 to 15 retailers. For more information, contact Jim DePetris, Legend Properties, 1335 Chestnut Street, Suite 360, Philadelphia, PA 19102; 610-941-4034. CBRE Group, Inc. is preleasing the redevelopment of Harborside, a mixed-use center located on the waterfront of Jersey City, NJ. The project will feature retail and office space, three high-rise towers, including a 763-unit residential tower, entertainment and outdoor space. Opening is slated for mid-2016. For more information, contact CBRE Group, Inc., Web site: www.cbre.com. DM September 12, 2014 | Page 3
OBSERVATIONS AND CONVERSATIONS I had some vocal debates on projected store volumes, and they couldn’t understand why I was being “so pessimistic.” I had to laugh out loud at that comment. That was a first for me; most of my retail clients think my projections are too optimistic, and I’m used to combating that side of an argument. Ann O’Neal
Welcome to The Dealmakers special edition for the ICSC Pennsylvania, New Jersey and Delaware Idea Exchange. This issue has some excellent leads and an interesting overview of the region’s comeback from the recession. New Jersey has always been a strong market for retailers, and now the retail leasing scene is on fire. Even with the dramatic uptick in leasing, rents have remained stable, and in top tier centers, landlords are seeing modest increases. On the investment sales side, the demand has far outstripped the supply of retail sites for sale, and most of the acquisitions in the state are registering low Cap rates. Retail leasing and sales in Pennsylvania have heated up as well, but not with the same velocity as New Jersey. Both states are seeing their fair share on new developments. Developers in New Jersey have been more vocal lately about the regulatory hoops being too cumbersome and that construction costs are inching upwards. Retail leasing and sales have always been challenging in Delaware. The tri-state region is seeing lots of new development in the pipeline. Most of these new projects are small strip centers with a shadow anchor, and because the region is so hot, the availability of anchor positions is tight. I think every developer that I have spoken to in New Jersey during the past six months plans to redevelop or renovate at least one center in their portfolio. They are worried that the market will soon heat up so much that they need to reinvest to keep their centers competitive. The folks at The Dealmakers recently attended the ICSC Florida Dealmaking. They said the cocktail party was packed, the convention floor was busy by mid-afternoon on the first day, and the second day was a typical slow day. Lots of existing retail space was being marketed at the show, a decent number of retailers were there looking for deals and the investment sales side seemed a bit subdued. What was really interesting is that my folks said there were more first time attendees at this show than they have ever encountered at an ICSC function. Most of the newbies were landlords looking for tenants. It’s great that the guys with smaller portfolios feel confident that they will be able to find tenants. Overall, it was a good show and the people seemed enthused. With retail sales holding steady nationwide, I’m seeing a lot of chains looking to enter the U.S. market. Recently, I did consulting work for a chain based in the Puerto Rico with stores throughout the Caribbean. They wanted to explore opening stores in the states, and I put together a growth strategy plan for them and identified the top 20 markets with the densest populations of Puerto Rican or Caribbean descent. Then, we started to build the model to figure out projected store volumes and how much rent they could afford. I had some vocal debates on projected store volumes, and they couldn’t understand why I was being “so pessimistic.” I had to laugh out loud at that comment. That was a first for me; most of my retail clients think my projections are too optimistic, and I’m used to combating that side of an argument. After we discussed that retail sales from Page 4 | September 12, 2014
the tourist element for their existing stores would be totally void in their stateside stores, they agreed that would affect projected sales. Then, the big discussion was about the population in the Caribbean having lower household income levels, yet they have substantially higher disposable incomes than their counterparts residing in America and how that would have a huge impact on projected sales. To prove my point, I put together cost of living indexes for their potential customers in Brooklyn, Chicago and Los Angeles; they nearly keeled over. When they looked at the asking rents in those three markets and then overlaid my projected volumes, even with a dense population base, they no longer thought the roads stateside were paved with gold. Now, they are rethinking entering the states, and I don’t blame them. Entering a new state is hard enough, but entering a new country for a retailer is always a tremendously difficult task. It was an interesting assignment, but a rollout would have been more fun. If you are looking for leads on expanding retail chains, our two newest retail online directories for food tenants and freestanding tenants debuted during May, and the feedback has been amazing. Not only is the info on expanding chains excellent, but the introductory price is pretty amazing, too, with annual subscriptions for only $189 each. Check out the sites at FoodTenants.com and Freestandingtenants.com. There are about 2,000 chains in the freestanding tenants directory, and the food tenants directory has 1,000 of the most actively expanding food and restaurant concepts. Our other directory, TenantSearch.com, provides contact info and site requirements for more than 5,000 chains actively looking for locations. We give you all the details on their site criteria, with a search feature that allows you to drill down a list of prospects that match the space requirements and uses for your sites. You don’t have to waste time digging for leads and you will be more productive with closing deals. Check out our email forums, too. Just go to dealmakers. net, click the resources tab and join for free. I have to wrap it up. Come see us in Philly. We are at booth #312. Also, make sure you stop by and see us at the upcoming ICSC shows in Atlanta, Chicago, Dallas and San Diego. Here’s to making more deals,
Ann O’Neal, Publisher
Dealmakers Magazine | www.dealmakers.net
BUYERS AND SELLERS Colliers International recently negotiated the following transactions: the $1.967 million sale of a Dunkin’ Donuts in Boulder, CO; the $3.075 million sale of a Panera Bread located in Mt. Pleasant, MI; the sale of a Crème de la Crème restaurant in the Lincoln Park neighborhood of Chicago, IL for $4.68 million; the $2.925 million sale of a Wells Fargo bank in Clearwater, FL; a Taco Bell in Evergreen, CO for $1.63 million and the $3.534 million sale of a Chase Bank in Anthem, AZ. For more information, contact Peter Block, Colliers International; 847-384-2840; Email: peter.block@colliers.com; Web site: www.colliers.com.
The Boulder Group recently negotiated the following transactions: the $2.284 million sale of a CVS in Phoenix, AZ; the sale of a Chipotle in Richmond, VA for $1.63 million; the $2.255 million sale of a CVS in Los Angeles, CA; the sale of a Panera Bread and Noodles & Co. for $3.125 million and the $1.487 million sale of a Tuffy Auto Service Center in Chicago, IL. For more information, contact Randy Blankstein or Jimmy Goodman, The Boulder Group, 666 Dundee Road, Northbrook, IL 60062; 847-562-0003/ 8500; Emails: rblank@bouldergroup.com and jimmy@bouldergroup.com; Web site: www.bouldergroup.com.
Cushman & Wakefield is selling Sarasota Main Plaza, a 254,677 sq.ft. mixed-use center located in Sarasota, FL. Regal Cinemas anchors the center and tenants include Applebee’s, Ker’s Winghouse and YMCA. Area demographics include a population of 245,947 within a 15-minute drive-time earning $63,242 as the average household income. The average daily traffic count is 35,000 vehicles along Fruitville Road. For more information, contact Patrick G. Berman or Jason Donald, Cushman & Wakefield; 813-204-5363/5329; Emails: patrick.berman@cushwake.com and jason.donald@cushwake.com.
Hanley Investment Urban Retail Advisors recently negotiated the sale of The Shops at Library Court, a 9,903 sq.ft. retail component occupying the ground level of 90 luxury loft condominiums located along West 6th Street in Los Angeles, CA. At the time of sale, the property was 100% occupied. The retail portion was acquired for $6.95 million and the company represented the buyer and the seller in the transaction. For more information, contact Hanley Investment Urban Retail Advisors; 949-5857610; Web site: www.hiurbanretail.com.
American Investment Properties recently negotiated the sale of Southampton Retail Center, a 13,440 sq.ft. center located along County Road 39 in Southampton, NY. The property was acquired for $2.4 million. For more information, contact Ron Koenigsberg, American Investment Properties; 516-393-2300 Ext. 202; Email: ron@aiprops.com.
Berkson & Sons, Ltd. is selling a 13,176 sq.ft. mixed-use center located along North Barrington Road in Streamwood, IL. The property is 73% occupied and the asking price is $1.3 million. For more information, contact David B. Berkson, Berkson & Sons, Ltd., 333 Skokie Boulevard, Suite 111, Northbrook, IL 60062; 847-498-6000, Fax 847-498-4529; Email: david@berksonandsons.com; Web site: www.berksonandsons.com.
HFF Houston recently negotiated the sale of Spring Cypress Village, a 101,371 sq.ft. shopping center located in Houston, TX. At the time of sale, the property was 78% occupied and tenants included Sprouts Farmers Market, Spec’s Liquor and Burger King. The company represented the seller, Delaware Life Insurance Co., in the transaction. For more information, contact Rusty Tamlyn, HFF Houston, 9 Greenway Plaza, Suite 700, Houston, TX 77046; 713-8523561; Email: rtamlyn@hfflp.com; Web site: www.hfflp.com. Capital Pacific is selling a 39,716 sq.ft. Grocery Outlet situated on 2.77 acres and serving as the shadow-anchor for Evergreen Village, a shopping center located in Mendocino County, CA. The tenant is bound to a 10-year NN lease featuring two, five-year options and 10% rental escalations every five years. Cotenants include Rite Aid and Dollar Tree. The average daily traffic count is 22,000 vehicles. The asking price is $3.8 million with a Cap rate of 5.75%. For more information, contact Dave Lucus, Capital Pacific; 415-274-7390; Email: dlucus@capitalpacific.com. Berkeley Capital Advisors is selling a BJ’s Wholesale Club in Tampa, FL for $17.77 million with a Cap rate of 6.5%. Area retailers include Walmart, Publix, Lowe’s Home Improvement, Target, Dollar General and Office Depot. Area demographics include a population of 222,000 within five miles. For more information, contact Ransome Foose or Steve Horvath, Berkeley Capital Advisors; 704-379-1985/1981; Emails: foose@berkeleycap.com and horvath@berkeleycap.com. RedMark Realty, LLC, on behalf of a client, is acquiring national credit single-tenant NNN properties throughout upstate NY, VT, CT, western MA and northern PA. Suitable properties are priced at $4 million. For more information, contact Alex Kutikov or Gordon Heeps, RedMark Realty, LLC; 518-952-7500; Email: info@redmarkrealty.com.
American Investment Properties recently negotiated the sale of Southampton Retail Center in Southampton, NY. Page 6 | September 12, 2014
FIP Realty Services, LLC recently negotiated the sale of Sun Plaza, a 32,000 sq.ft. center located along South State Road 7 in Margate, FL. The property was acquired for $2.65 million with the company representing the seller, Sunflower, LLC, in the transaction. For more information, contact FIP Realty Services, LLC; 305-682-4991; Web site: www.fipcommercial.com. DM Dealmakers Magazine | www.dealmakers.net
Owning and Operating Grocery Anchored Retail Centers Nationwide since 1979
Leasing OppOrtunities natiOnwide
ASHBROOK COMMONS Ashburn, VA 198,589 SF Power Center 1,048 SF Available
ARBORLAND CENTER Ann Arbor, MI 403,814 SF Power Center 6,396 - 14,420 SF Available
CLAYTON LANE - Denver, CO 335,064 SF Mixed-use Development in Cherry Creek North 1,505 - 25,000 SF Available
TIFFANY PLAZA - Denver, CO 214,411 SF Whole Foods Anchored Neighborhood Center 1,442 - 4,300 SF Available
BALLANTYNE COMMONS EAST Charlotte, NC 150,926 SF Harris Teeter Anchored 1,131 - 1,895 SF Available
HARMONY MARKETPLACE Fort Collins, CO 350,593 SF Power Center 1,201 - 2,000 SF Available
Please contact Ira Shwartz, Leasing Agent, for any potential opportunities. Acquisitions:
Jake Bisenius JBisenius@AmCap.com 203-327-2001
Corporate Headquarters: 1281 East Main Street Stamford, CT 06902 203-327-2001
www.AmCap.com
Denver Regional Office: 44 Cook Street #710 Denver, CO 80206 303-321-1500
WHO’S OPENING AND WHERE Bach to Rock (877-222-8558), through franchise expansion, is planning to open 15 music schools nationwide, in addition to locations slated to open during the coming several years in Nassau and Westchester counties in NY and Fairfield County, CT. Plans call for openings in Denver, CO and Bristow and Fredericksburg, VA during 2015. The company currently operates music educational centers throughout CA, MD, NY, PA and VA. Karen Millen (917-692-0135) is set to open a 5,000 sq.ft. flagship store along Fifth Avenue in Manhattan, NY. It will be the chain’s second largest location worldwide and will offer a full product line and an accessories lounge. The company is also planning to open additional apparel stores in the U.S. during the coming three years. The company currently operates 400 locations worldwide, including 13 in the U.S. Rebecca Minkoff (866-838-6991) is planning to open a 4,500 sq.ft. store at the site of a former Ed Hardy General Store at the intersection of Melrose Avenue and Kings Road in Los Angeles, CA during 2015. The company is also opening stores in West Hollywood and San Francisco, CA during 2015. The chain offers apparel, handbags, shoes and accessories for women. The Fresh Market (336-272-1338) is planning to open a supermarket along Germantown Avenue in Chestnut Hill, PA during spring 2015. The company currently operates more than 157 grocery stores in 26 states throughout the Southeast, Midwest, Mid-Atlantic, Northeast and Western regions of the U.S.
Whole Foods Market, Inc. (512-477-4455) is planning to open a 40,000 sq.ft. Whole Foods Market grocery store on the ground floor of a mixed-use structure featuring 140 apartment units and located at the intersection of 20th Street and L Street in Sacramento, CA. The chain, offering organic and natural food items, currently operates more than 388 specialty supermarkets nationwide, and in Canada and the United Kingdom and is slated to operate 500 locations by 2017, with long term projections to operate 1,200 U.S. locations. Pull-A-Part (205-252-7278) is planning to open an auto parts retail facility situated on 72 acres in West Mifflin, PA during early 2015. The company currently operates 29 used auto parts stores throughout 13 states and has plans to expand into the northeastern region of the U.S. 1000 Degrees Pizza (856-831-6457), through franchisee expansion, is planning to open pizzerias throughout DE, NJ and PA and expects to open more than 40 units during 2015. PostNet (303-771-7100), through franchisees, is planning to open four locations throughout New England and 200 units nationwide by 2017. The company, offering a full range of digital printing services for small businesses, currently operates 700 locations worldwide. Rattlers Convenience Stores (936-825-6868) recently opened a grab-and-go concept in Giddings, TX. The new store offers made-to-order sandwiches and a variety of snack items that are sold in an open-air merchandising cooler.
Wal-Mart Stores, Inc. (479-273-4000) is planning to open a Walmart Neighborhood Market in northeast Colorado Springs, CO. The company is also slated to open a 41,800 sq.ft. grocery store and pharmacy at the site of a former Bi-Lo supermarket along Clemmons Road in Clemmons, NC. The company trades as Walmart, Walmart Supercenter, Walmart Neighborhood Market and Walmart Express and currently operates more than 9,000 locations, as well as more than 621 Sam’s Club locations, nationwide and internationally. Erbert & Gerbert’s Sandwich Shop (800-2835241) is planning to open two restaurants in the greater Buffalo, NY area during 2016. It will be the company’s first locations in the state. The company is also slated to open additional franchised locations in MI and TX and currently operates 75 locations throughout nine states. Huddle House (770-325-1300), through franchisees, is planning to open 10 restaurants during the coming five years throughout NY. The company, offering burgers, salads, sandwiches and breakfast and dessert items, currently operates more than 400 locations throughout 23 states nationwide. Dr. G’s Franchising Cos., LLC (800-2675130) is planning to open 15 Dr. G’s Weight Loss & Wellness healthcare clinics west of the Houston, TX metropolitan area, including locations in Katy, Richmond, Sugar Land and The Woodlands. The company currently operates units throughout eight states in the U.S. and seven countries. Just Falafel (510-797-3000) is planning to expand its number of operating restaurants from 52 to more than 900 locations during the coming years, including openings throughout North America and Europe. Through franchisees, the company has deals to open locations throughout Los Angeles, CA; KY, NJ, NY and TX. Yum! Brands (800-225-5532) is planning to open a fast-casual restaurant concept called Taco Bell Cantina. The company currently operates more than 6,000 Taco Bell locations nationwide. Wayback Burgers (877-525-3791), through franchisee expansion, is currently in development to open additional restaurants. The company currently operates more than 80 locations throughout 24 states nationwide.
1000 Degrees Pizza is planning to open pizzerias throughout DE, NJ and PA and expects to open more than 40 units during 2015. Page 8 | September 12, 2014
Guitar Center (866-498-7882) has plans to open 15 to 20 stores annually. The company, offering musical instruments and related services, currently operates 262 locations nationwide. DM Dealmakers Magazine | www.dealmakers.net
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FOOD CHAINS EXPAND NATIONWIDE El Pollo Loco, Inc. trades as El Pollo Loco at more than 400 locations throughout AZ, CA, NV, TX and UT. The quick-serve restaurants occupy spaces of 2,200 sq.ft. to 2,900 sq.ft. in endcaps with a drive-thru or freestanding locations. Plans call for 10 to 15 openings throughout the existing markets, excluding UT, during the coming 18 months. Typical leases run 20 years with three, five-year options. For more information, contact Esty Chang, El Pollo Loco, Inc., 3535 Harbor Boulevard, Suite 100, Costa Mesa, CA 92626; 714599-5034, Fax 714-599-5830; Email: echang@elpolloloco.com.
Buffalo Wild Wings operates more than 1,030 locations nationwide. The restaurants occupy spaces of 6,000 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout DE, NJ and PA during the coming 18 months, with representation by Ras Brokerage. The company prefers 1.5 acres for pad sites. For more information, contact Matt Mandel or Dave Orkin, Ras Brokerage, 625 West Ridge Pike, Building A, Suite 120, Conshohocken, PA 19428; 215-322-8070; Emails: mattmandel@rasbrokerage.com and orkin@rasbrokerage.com.
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Jersey Mike’s Franchise System trades as Jersey Mike’s Subs at more than 800 locations nationwide. The sub shops occupy space of 1,200 sq.ft. to 1,800 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Joe Capozzi, Jersey Mike’s Franchise System, 2251 Landmark Place, Manasquan, NJ 08736-1026; 732-223-4044; Email: jcapozzi@jerseymikes.com.
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99 Restaurants operates 110 locations throughout CT, MA, ME, NH, NY, RI and VT. The casual-dining restaurants occupy spaces of 6,500 sq.ft. in endcaps and freestanding locations. Plans call for three openings throughout New England and NY during the coming 18 months, with representation by Restaurant Sites. For more information, contact Richard Gallivan, Restaurant Sites, 28 Somers Road, Hampden, MA 01036; 508-259-2043; Email: richardgallivan@restaurantsites.com.
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,800 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., over 360 stores in Mexico, and have recently opened in Brazil.
✓ GROWING STRONG… Over 5,200 stores, and we open more every week ✓ STORES THAT ARE 100% COMPANY OWNED AND OPERATED… No franchises ✓ FINANCIALLY DISCIPLINED… We make the right decisions to protect our shareholders ✓ RELIABLE… Whether purchase money or rent, our funds will be there…on time, every time For site criteria and contact information go to www.autozonerealestate.com or simply use your smartphone to scan the QR code
(continued on page nineteen)
©2014 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.
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Anthony’s Coal Fired Pizza operates more than 45 locations throughout CT, DE, FL, NJ, NY and PA. The pizzerias occupy spaces of 2,800 sq.ft. to 4,000 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought nationwide, with a focus on the northeastern region, during the coming 18 months, with representation by Sabre Real Estate Group, LLC. Chop’t operates 27 locations in NY and Washington, DC. The restaurants occupy spaces of 2,400 sq.ft. to 3,500 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Sabre Real Estate Group, LLC. Outback Steakhouse operates more than 963 locations worldwide. The restaurants occupy spaces of 5,300 sq.ft. to 7,000 sq.ft. in strip and power centers, freestanding locations and urban areas. Growth opportunities are sought throughout Long Island, NY during the coming 18 months, with representation by Sabre Real Estate Group, LLC. For more information regarding Anthony’s Coal Fired Pizza, contact Greg Batista or Jayson Siano, Sabre Real Estate Group, LLC, 500 Old Country Road, Suite 209, Garden City, NY 11530; 516-874-8070 Ext. 515; Email: greg@sabreny.com; Web site: www.sabreny.com. For more information regarding Chop’t, contact Scott Sher or Russel Helbling; Ext. 514; Emails: scott@sabreny.com and russel@sabreny.com. For more information regarding Outback Steakhouse, contact Jayson Siano.
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Dealmakers Magazine | www.dealmakers.net
18+ Million Square Feet northeast MASSACHUSETTS Billerica Shops at Billerica Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 275,000 SF GLA / Anchor Space Available Lowell Meadow Brook Center Plain Street & Lowell Connector Target, Marshalls, Chuck E. Cheese Pad Site Available 271,377 SF GLA
NEW YORK Cortland Future Development NEW Route 13 & Bennie Road 26 Acres across from Walmart Glenville/Scotia (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. 174,000 SF GLA - In-Line Space Available Lake Ronkonkoma Lake Shore Plaza II Portion Rd. (Co. Rd. 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree - 94,826 sf GLA
Milford Kmart Shopping Center Medway St. & Beaver St. @ I-495 Kmart, Dollar Tree 140,470 SF GLA Future Expansion Space Available NEW JERSEY Marlton (Evesham) Tri-Towne Plaza Route 70 & Plymouth Dr. 176,519 SF GLA Anchor Space Available Redevelopment Underway Mt. Olive Vacant Land - 16.963 Acres Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx
Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Walmart, Home Depot, BJ’s, Target 687,716SF GLA Future Phase III Office or Retail
Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Meijer - Up to 12,000 SF Outlot, B-T-S
Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples - 250,000 SF GLA
INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA
Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Future Strip, Pads Available
Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store - 134,797 SF GLA Anchor Space & Outlots Available
Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office - 21,212 SF GLA
Warsaw The Market Place at Warsaw U.S. Hwy. #30 & Water St. Carson's Dept. Store, Sears, Dunham's, Pier 1 180,000 SF GLA
Water Mill (Southampton) Water Mill Shoppes Montauk Hwy. (Rte. 27) & Station Rd. Prime for Specialty Foods & Boutiques
NEW
PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 135,000 SF GLA / 9.82 Acres Available
Vineland Kmart Plaza Expansion S. Delsea Dr. (Route 47) & Route 55 Kmart, TD Bank Two Parcels: 4.302 & 4.486 Acres Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 85,000 SF GLA Anchor Space Available
midwest ILLINOIS Downers Grove Marshall’s at The Grove, 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF
NEW
Vineland Vineland Marketplace S. Delsea Dr. (Route 47) & College Dr. New Development Anchor Space / Outlots Available
Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads
Latham/Colonie (Albany) Freestanding Building Route 7 & Swatling Rd. 118,863 SF GLA Anchor & Outlot Available
Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 77,360 SF GLA Parsippany Whole Foods Shopping Center Route 46 (Bloomfield Ave.) & Cherry Hill Rd. Whole Foods Anchor, In-Line & Pads Available
PENNSYLVANIA Quakertown NEW New Anchor Space at Richland Marketplace Rt. 309 & Pumping Station Road BJ’s Wholesale Club, Target, Best Buy 444,531 SF GLA
MICHIGAN Flint Former Kmart Dort Hwy.(Rte. 54) & Atherton Hwy. 92,691 SF GLA Grand Blanc Holly Rd. & I-75 Vacant Land / 22 Acres For Sale
Carlisle Home Depot Shopping Center Hanover Street (Route 34) & I-81 Home Depot, Chili’s - 140,715 SF GLA 10,584 SF Future Expansion/Pad
Livonia Office Depot Plaza Plymouth Rd. & Middlebelt Rd. Office Depot, Party City, Walgreens 108,820 SF GLA
Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte 309 & Rte 202 BJ's, Lowe's - Anchor Space Available 133,000 sf GLA
Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available
NEW
RDMANAGEMENT LLC
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
200+ Retail Projects MICHIGAN Port Huron Port Huron Shopping Center Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Anchor Space & Outlot Available
MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA
KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 272,000 SF GLA / In-line Space & Pad MARYLAND Hagerstown Long Meadow Shopping Center Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market - 243,000 SF GLA Anchor Space/Pad Available
Columbus Great Western Commerce Center No. Wilson Rd. & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space
Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block So. of Navarre Ave. (Rte. 2) & Kmart
WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 230,000 SF GLA
Sanford Seminole Centre S Orlando Dr. (Hwy. 17/92) & Lake Mary Blvd. Walmart Supercenter, Ross, Aldi 370,936 SF GLA
NEW
Holland (Toledo) Dick’s at Spring Meadows Place Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Space
Gainesville Mixed Use Development Grocery Store & Student Housing NW 13th St & University Avenue 26,000 SF Ground Floor Retail 312,498 SF Mixed Use 6-Story Bldg
NEW
OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA 18,440 SF Expansion & Pad
NEW
VIRGINIA Winchester Freestanding Building S. Pleasant Valley Rd. & E. Jubal Early Dr. Anchor Space Available 88,479 SF GLA
NEW
Sandusky Kmart Shopping Center M-19 & Gates Rd. 176,248 SF GLA - Anchor Space Available Southgate Fort St. & Burns Ave. Vacant Land 9.37 Acres
FLORIDA Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. Near Hwy. 436 - 153,650 SF GLA
NEW
Randallstown Brenbrook Plaza Liberty Rd. &Brenbrook Dr. Home Depot - 139,000 SF GLA TENNESSEE Hermitage (Nashville) Freestanding Bldg. adjacent to Jackson’s Courtyard Shopping Center 3445 Lebanon Pike 24,040 sf GLA - Redevelopment Opportunity
south ALABAMA Huntsville NEW Freestanding Walmart South Memorial Parkway & Drake Ave. SW 104,000 SF on 8.1 Acres FLORIDA Fern Park Fern Park Plaza Semoran Blvd. (Hwy. 436) & Hwy. 17/921 Ross, Beall's Outlet, Aldi, Deals 131,646 SF GLA
RDMANAGEMENT LLC
Nashville Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Conference Dr. Trees N Trends, Ryan’s Buffet 111,460 SF GLA NEW
west ARIZONA Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA Anchor Space & Pad Available Las Vegas Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart - 86,479 SF GLA OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA UTAH Salt Lake City 410 S. 900 E. & 400 S. Freestanding Office Max Future Redevelopment
puerto rico
TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA
PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available
VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. Outlots Available
Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads 525,000 ± SF GLA
NEW
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
STATE OF THE INDUSTRY ICSC PA/NJ/DE Idea Exchange Edition Stephanie Weaver Welcome to The Dealmakers’ annual state of the industry report for our ICSC Pennsylvania, New Jersey and Delaware special edition. We gather the opinions of regional industry experts every year in an attempt to ascertain the economic health, where it has been and where it’s going. We asked, at length, how the Pennsylvania, New Jersey and Delaware markets are faring, what retailers everyone’s making deals with, vacancy factors in the region and where the market is headed.
Doctor’s Office, E Medicine and Doctor’s Express.” DeLuca also stated that children’s learning centers, including Great Play Children’s Gym and Primrose Schools, are expanding in the Tri-State region. R.J. Brunelli & Co., LLC represents numerous retailers expanding in the tri-state market, including Athena Learning Center, Corner Bakery, D’Angelo’s Deli & Market, MassageLux, Golden Corral, Sally Beauty Supply, Trader Joe’s and Toys “R” Us.
An overwhelming majority of respondents indicated that lower vacancy rates and higher demands for grade ‘A’ retail space in the tristate region have created a competitive leasing environment. Chuck Lanyard, with more than 35 years in the industry and president of The Goldstein Group, noted, “Vacancy rates in the state of New Jersey have come down considerably. We are seeing vacancy rates well below 7%, while the rest of the country is up near 10%. This is because the region has a dense population and new housing developments are popping up all over the place, causing a stronger demand for retail.” Matthew Harding, president of Levin Management, a firm specializing in leasing, landlord representation, property management, construction and development, as well as property acquisition services, predicts that vacancy levels will remain generally stable with a slight reduction next year.
Children’s learning centers such as Primrose Schools are expanding in the Tri-State region.
Harding stated that while a limited number of supermarket chains are expanding, organic food specialists, such as Whole Foods, are growing their presence within the market. Harding’s company, Levin Management, recently signed a lease with Stein Mart, a discount apparel chain and home fashion retailer, at Mayfair Shopping Center in Commack, New York. He went on to say that fitness centers, including LA Fitness and Blink Fitness, and off-price retailers are also actively signing leases. Levin Management enjoyed a busy start this year, with 36 shopping center leases and renewals totaling 337,000 square feet through May. The firm negotiated deals with T.J. Maxx, Blink Fitness, Retro Fitness, Staples, McDonald’s and Chipotle, as well as a lease with Dave & Buster’s for 41,300 square feet at Post Road Plaza in Pelham Manor, NY.
Bareburger, The Habit Burger Grill and BurgerFi are aggressively leasing space.
Fast-casual burger restaurant concepts are leasing up spaces in droves. Bareburger, The Habit Burger Grill and BurgerFi are aggressively leasing space. According to Lanyard, “Other fastcasual restaurants rapidly expanding throughout New Jersey include Noodles & Co., Chipotle and Quaker Steak & Lube, a cook-your-ownsteak concept that operates at more than 60 locations throughout the United States and Canada. Also, Panchero’s, a Mexican restaurant concept, FireHouse Subs, a build-your-own-sandwich concept, Buffalo Wild Wings and Anthony’s Coal Fired Pizza are also expanding in New Jersey.” Ron DeLuca, principal of R.J. Brunelli & Co., LLC, added “Medical retailers are hot this year, including Med Express, PM Pediatrics, The Page 16 | September 12, 2014
The Goldstein Group has also seen an uptick in leasing transactions, too. According to Lanyard, the company has negotiated leases for Del Frisco’s, Miller’s Ale House, Whole Foods and Wegmans. The company brought New Jersey’s first Price Rite Market to the state with a 44,000 square foot supermarket opening in Garfield. With all of the demand for new space, it’s no surprise that ground is being broken throughout the region. The Goldstein Group is preleasing a 10,000 square foot strip center in Hanover, Pennsylvania. Shop Rite anchors the property. The company is also preleasing a project slated to break ground next year; The Modern, a mixed-use development located next to the George Washington Bridge in Fort Lee, New Jersey. R.J. Brunelli & Co., LLC is preleasing retail sites throughout New Jersey, including Shoppes at Randolph, a 103,000 square foot development located along Route 10 in Randolph Township; Bridgewater Plaza, a 56,000 square foot center in Bridgewater; Lakeside Plaza, a development with up to 60,000 square feet of divisible space available and located along Route 9 in Lacey Township and a 70,000 (continued on page thirty-four)
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TENANT REPS AND EXCLUSIVES Retail Solutions (512-304-0005) is representing Lavazza Espression Coffee with its expansion plans throughout the Austin, TX MSA. The coffee shops occupy spaces of 1,700 sq.ft. to 2,000 sq.ft. in endcaps of shopping centers. Preferred demographics include a trade-area population earning $80,000 as the average household income. Baum Realty Group (312-275-3120) is representing Olive Mediterranean Grill with its expansion plans throughout the River North, Gold Coast, Streeterville and Loop sections of Chicago, IL, as well as in Schaumburg and Oak Brook, IL. The restaurants prefer to occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in second-generation restaurant spaces. Black iron is preferred. RKF (212-599-3700) has been appointed as the exclusive leasing agent for an 11,329 sq.ft. retail space located along West Broadway, a 2,300 sq.ft. space along Spring Street, a 6,205 sq.ft. space along Park Avenue South and a space featuring 2,310 sq.ft. on the ground floor and 1,500 sq.ft. on the lower level in New York, NY.
Long & Foster Real Estate, Inc. (650-714-3826) is representing Upper Crust Pizzeria with its expansion plans throughout Washington, DC. The pizzerias occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in locations with dense pedestrian traffic. Winick Realty Group (212-792-2601) is representing InVite Health with its expansion plans throughout the tri-state area. The company, offering nutritional supplements and vitamins, occupies spaces of 600 sq.ft. to 1,200 sq.ft. The company is also representing Sunac Fancy Foods with its expansion plans throughout Manhattan, NY. The restaurants utilize spaces of 3,000 sq.ft. to 12,000 sq.ft. Henry S. Miller (210-883-1302) is representing Which Wich with its expansion plans throughout San Antonio, TX. The sandwich shops prefer to occupy spaces of 1,000 sq.ft. to 1,900 sq.ft. in endcaps of shopping centers, food courts, corner locations or storefronts. Preferred cotenants include Starbucks, Chipotle and Five Guys Famous Burgers and Fries. DM
LEASE SIGNINGS LMS Commercial Real Estate (717-5699373) recently negotiated a lease with Hertz for 1,472 sq.ft. and with uBreakiFix for 1,500 sq.ft. at Round the Clock Center, located along Arsenal Road in York, PA. David Nicholson and Blake Gross of LMS Commercial Real Estate represented the landlord in the transaction. The company also recently negotiated leases with Elements Massage, Supercuts and Subway at Madison Farms, located along Freemansburg Road in Bethlehem, PA. David Nicholson and Blake Gross represented the landlord in the transaction. Goodman Real Estate Services Group, LLC (216-342-9303) recently negotiated a lease with Nail Lacquer for space at Creekside Commons in Mentor, OH. Steve Altemare of Goodman Real Estate Services Group, LLC represented the landlord in the transaction. The company also recently negotiated leases with Chipotle at University Edge in Akron, OH and at The Shoppes at Parma in Parma, OH. Richard Edelman of Goodman Real Estate Services Group, LLC represented the tenant in both transactions. (continued on page twenty-two)
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Relationships Built On Results Since 1986 Real Estate Brokerage • Property Management • Asset Repositioning • Retailer Advisory Services ICSC Pennsylvania/New Jersey/Delaware Pennsylvania Convention Center Philadelphia, PA September 8-10, 2014
Page 18 | September 12, 2014
We will be at the ICSC Idea Exchange Visit our booth #423 or contact us to schedule a meeting 908.604.6900 or info@silbertrealestate.com
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FOOD CHAINS EXPAND NATIONWIDE (continued from page twelve)
Denny’s operates more than 1,700 locations nationwide. The restaurants prefer to occupy spaces of 4,200 sq.ft. in freestanding locations. Growth opportunities are sought throughout CT and RI during the coming 18 months, with representation by Saugatuck Commercial. Pollo Campero operates 50 locations throughout 15 states nationwide. The restaurants occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout Fairfield, CT and Westchester, NY during the coming 18 months, with representation by Saugatuck Commercial. Peachwave operates 76 locations nationwide and internationally. The frozen yogurt shops occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in strip centers, Growth opportunities are sought throughout Fairfield, CT during the coming 18 months, with representation by Saugatuck Commercial. TCBY/Mrs. Fields Cookies & Coffee operates 640 locations nationwide. The frozen yogurt/ cookie shops occupy spaces of 800 sq.ft. to 1,200 sq.ft. in neighborhood, community, strip and power centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Saugatuck Commercial. For more information regarding Denny’s, Jersey Mike’s or TCBY/Mrs. Fields Cookies, contact Daniel Neaton or Penny Wickey, Saugatuck Commercial, 9 Burr Road, Westport, CT 06880; 203-222-4188/4194; Emails: dneaton@saugatuckcommercial.com and pwickey@saugatuckcommercial.com; Web site: www.saugatuckcommercial. com. For more information regarding Moes Southwest Grill, contact Daniel Neaton. For more information regarding Pollo Campero or Peachwave, contact Penny Wickey. Moe’s Southwest Grill operates more than 500 locations nationwide. The restaurants occupy spaces of 2,400 sq.ft. to 2,800 sq.ft. in malls and endcaps of power, strip and lifestyle centers, freestanding locations and urban areas. Growth opportunities are sought throughout Berks, Lehigh and Northampton, PA during the coming 18 months, with representation by MSC. For more information, contact Stanton Brown, MSC, 1845 Walnut Street, 6th Floor, Philadelphia, PA 19103; 215-568-2600 Ext. 12; Email: sbrown@mscretail.com. Chipotle operates more than 1,650 units nationwide. The fast-casual restaurants occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in endcaps of regional centers and freestanding locations. Growth opportunities are sought throughout Dealmakers Magazine | www.dealmakers.net
central, southern and western VA during the coming 18 months, with representation by Cushman & Wakefield | Thalhimer. Typical leases run five to 10 years with five-year options. A vanilla shell and specific improvements are required. Preferred demographics include a daytime population of 20,000 within a twomile radius. Preferred average daily traffic counts include 25,000 vehicles. For more information regarding Chipotle, contact Connie Nielsen or Ed Kimple, Cushman & Wakefield | Thalhimer, 11100 West Broad Street, Glen Allen, VA 23060; 804-697-3569, Fax 804-697-3479/757-2134155; Emails: connie.nielson@thalhimer.com and ed.kimple@thalhimer.com; Web site: www.thalhimer.com. For more information regarding Panda Express, contact Connie Nielsen. Pizza Hut operates more than 14,000 locations worldwide. The pizzerias occupy spaces of 800 sq.ft. to 1,400 sq.ft. in strip and power centers, freestanding locations and urban areas. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty. Menchie’s operates more than 400 locations worldwide. The frozen yogurt shops occupy spaces of 1,000 sq.ft. to 1,600 sq.ft. in power centers. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty. For more information, contact Shane Wierks, Jeffery Realty, 116 Route 22 East, North Plainsfield, NJ 07060; 908-668-9600; Email: swierks@jefferyrealty.com. Panera Bread operates more than 1,818 locations throughout 45 states. The restaurants, offering sandwiches, salads, soups and baked goods, occupy spaces of 4,000 sq.ft. to 4,600 sq.ft. in endcaps of shopping centers or freestanding pad sites. Growth opportunities are sought throughout Orange County and select areas of Los Angeles County, CA during the coming 18 months, with representation by Commercial West Brokerage. The Habit Burger Grill operates 104 locations throughout AZ, CA, NJ and UT. The restaurants occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout Inland Empire and Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. For more information regarding Panera Bread or The Habit Burger Grill, contact John Romm, Commercial West Brokerage, 2443 East Coast Highway, Corona Del Mar, CA 92625; 949-723-7300, Fax 949-723-7301; Email: jromm@commercialwest.com; Web site: www.commercialwest.com. DM
REAL ESTATE PROFESSIONALS MAKING THE NEWS DLC Management Corp. (866-352-6468) recently hired Greg Oshins as director of acquisition at the firm’s Tarrytown, NY office. In this role, Oshins will focus on sourcing, negotiating and transacting assets that fit the company’s acquisition criteria nationally. Prior to joining the company, Oshins served as vice president of acquisitions at National Realty and Development. The company also recently hired EJ Trundle as acquisitions analyst. Prior to joining the company, Trundle served at Crown Properties. S.L. Nusbaum Realty Co. (757-282-6505) recently hired Seth Norman, Wade Wawner and Christopher Divine as associates in the sales and leaving division at the firm’s Norfolk, VA office. The company specializes in portfolio analysis, lease valuations, acquisitions and asset D management services. M
SOURCES OF FINANCING RCG Longview negotiated $6 million in financing for a mezzanine loan for the acquisition of a mixed-use property located in New York, NY. For more information, contact RCG Longview, 7 Penn Plaza, Suite 512, New York, NY 10001; 212-356-9200, Fax 212736-6363. Cronheim Mortgage negotiated $16 million in financing for Waterbury Crossing, a 694,000 sq.ft. shopping center anchored by The Sports Authority and PetSmart in Waterbury, CT and a 126,000 sq.ft. shopping center anchored by Petco, T.J. Maxx, HomeGoods and Planet Fitness in Pittsfield, MA. For more information, contact Andrew Stewart, Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; 973-635-6800; Email: andrew.stewart@cronheimmortgage.com; Web site: www.cronheimmortgage.com. HFF negotiated $23.8 million in financing for a seven-property portfolio totaling 99,675 sq.ft. in MD, NJ and PA. The seven-year loan was procured on behalf of Paramount Realty Services, Inc. and provided by Investors Bank. For more information, contact Jon Mikula, HFF, One Post Office Square, Suite 3500, Boston, MA 02109; 973-549-2000; Email: jmikula@hfflp.com. DM September 12, 2014 | Page 19
SUPERMARKET CHAINS EXPAND NATIONWIDE (continued from page one)
For more information regarding Food Lion and Bottom Dollar, contact Jeff Smith, Delhaize Group, 2110 Executive Drive, Salisbury, NC 28147; 704-6338250 Ext. 3841, Fax 704-645-4207; Email: realestate@foodlion.com; Web site: www.foodlion.com. For more information regarding Hannaford, contact Mary Gamage. Whole Foods Market operates 388 locations nationwide. The supermarkets, offering natural and organic food items, as well as offering prepared foods and bulk food products, and a wine department,
occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations and inline spaces of shopping centers. Preferred demographics include a trade-area population of 200,000 within a 20-minute drive-time. The company prefers to locate in affluent areas, with high traffic counts and prominent visibility. For more information regarding expansion throughout AR, MI and Memphis, TN, contact Charlie Oates, Oates Commercial Properties, 5865 Ridgeway Center Parkway, Suite 300, Memphis, TN 38120; 901-7632050; Email: co@oatescommercial.com; Web sites: www.oatescommercial.com
and www.wholefoodsmarket.com. For more information regarding expansion throughout AZ, contact Eric Termansen, Western Retail Advisors, 2525 East Camelback Road, Suite 625, Phoenix, AZ 85016; 602-778-3745, Fax 602-778-3740; Email: etermansen@w-retail.com; Web site: www.w-retail.com. For more information regarding expansion throughout SC, contact Scott Adams, Adams & Wilson Development, 835 Lowcountry Boulevard, Mount Pleasant, SC 29464; 843216-9990, Fax 843-216-9909; Email: scott@adamswilsondevelopment.com; Web site: www.adamswilsondevelopment.com. Roche Bros. Supermarkets, LLC trades as Roche Bros. Supermarkets and Brothers Marketplace at 20 locations throughout MA. Brothers Marketplace prefers to occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. and Roche Bros. Supermarkets prefers to occupy spaces of 32,500 sq.ft. to 50,000 sq.ft. in freestanding locations, lifestyle and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Jim Sperber, Roche Bros. Supermarkets, LLC, 70 Hastings Street, Wellesley, MA 02481; 781-235-9400, Fax 781-235-3153; Email: helpdesk@rochebros.com; Web site: www.rochebros.com.
Retailers
Landlords
ICSC PA/NJ/DE IDEA EXCHANGE PHILADELPHIA - September 8-10 2014 For Booth Appointments, Please Contact:
PA/NJ/DE Idea Exchange
Page 20 | September 12, 2014
Colleen Schenk 201.441.3511 cschenk@winick.com
Winick Realty Group NJ LLC | Licensed Real Estate Brokers 11 Commerce Drive, Suite 205 | Cranford, NJ 07016 T. 201.441.3511 www.winick.com
Golub Corp. trades as Price Chopper at 135 locations throughout CT, MA, NH, NY, PA and VT. The supermarkets occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Real Estate Department, Golub Corp., 461 Nott Street, Schenectady, NY 12308; 518-379-1708; Emails: tomhayden@pricechopper.com and charleschisholm@pricechopper.com; Web site: www.pricechopper.com. Village Supermarket, Inc. trades as ShopRite at 29 locations throughout MD, NJ and PA. The supermarkets occupy spaces of 16,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout Chester, NJ during the coming 18 months. For more information, contact William Sumas, Village Supermarkets, Inc., 733 Mountain Avenue, Springfield, NJ 07081; 973-467-2200, Fax 973-467-6582; Email: william.sumas@wakefern.com; Web site: www.shoprite.com. DM Dealmakers Magazine | www.dealmakers.net
LEASE SIGNINGS (continued from page eighteen)
Combined Properties (202-736-2813) negotiated the following leases throughout MD: with Sleepy’s for 6,450 sq.ft. and Arelis Glamour for 2,714 sq.ft. at Maryland City Plaza in Laurel; with Lima’s Chicken for 4,500 sq.ft. at 40 West Plaza in Baltimore and with Yohielo Frozen Yogurt for 1,200 sq.ft. at Charles County Plaza in Waldorf. The company also negotiated the following leases throughout VA: with Banyon Tree South Asian Grill for 2,119 sq.ft. at Turnpike Shopping Center in Fairfax and with Chantilly Smiles for 1,600 sq.ft. at Sully Plaza in Chantilly.
Levin Management (201-796-7788) negotiated a lease with Staples for 14,000 sq.ft. at North Village Shopping Center, a 132,000 sq.ft. shopping center located in North Brunswick, NJ, with the company representing the landlord in the transaction. The company also negotiated a lease with Dunkin’ Donuts for 3,160 sq.ft. at Clifton Plaza in Clifton, NJ. CBRE Group, Inc. (212-984-8267) recently negotiated a lease with SkyZone Indoor Trampoline Park for 34,753 sq.ft. at Seaview Square Mall, located along State Highway 66 North in Ocean Township, NJ.
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Bennett Williams Realty, Inc. (717-8435555) negotiated the following leases: with Popeyes for 2,808 sq.ft. at Mt. Rose Plaza, located along Mt. Rose Avenue in York, PA, with Brad Rohrbaugh, Chad Stine and Adam Hagerman of Bennett Williams Realty, Inc. representing the landlord and Steve Clipman, also of Bennett Williams Realty, Inc., representing the tenant in the transaction; with Del Sol Café for 2,674 sq.ft. at Gateway Center, located along Gateway Avenue in Chambersburg, PA, with Brad Rohrbaugh and Chad Stine representing the landlord and Jeff Kauffman of Bennett Williams Realty, Inc., representing the tenant in the transaction and with C+ D Restaurants, LLC dba Zoup! for 2,218 sq.ft. at Festival at Exton, located along West Lincoln Highway in Exton, PA, with Brad Rohrbaugh and Chad Stine representing the tenant in the transaction. Royal Properties, Inc. (914-237-3403) negotiated a 10-year lease with Jersey Mike’s Subs for 1,155 sq.ft. at Shop Rite Shopping Center, located along Connecticut Avenue in Norwalk, CT. Jeff Kintzer of Royal Properties, Inc. represented the landlord in the transaction. The company also negotiated leases with Peachwave Yogurt for 1,652 sq.ft. at Shop Rite Shopping Center in Derby, CT; with Just-A-Buck for 6,400 sq.ft. at Shop Rite Plaza in New Paltz, NY and with Choice Pet Supply for 2,800 sq.ft. at Village Shopping Center in New Providence, NJ. DLC Management Corp. (866-352-6468) negotiated the following leases: with 16 Handles for 1,546 sq.ft. at Imperial Plaza in Wappingers Falls, NY; with Verizon Wireless for 1,200 sq.ft. at Shoppes at Letson Farms in McCalla, AL; with Menchies Frozen Yogurt for 2,000 sq.ft. at Tri-City Plaza in Vernon, CT and with CKO Kickboxing for 6,500 sq.ft. at West Broad Commons in Richmond, VA. Jeffery Realty (908-668-9600) recently negotiated a lease with Taco Bell in Ocean D Township, NJ. M
GET LISTED IN THE DEALMAKERS MAGAZINE FOR FREE! 116 Route 22, North Plainfield, New Jersey 07060 (908) 668 - 9600 | www.jefferyrealty.com All information is from sources deemed reliable and is submitted subject to errors, omission, change of price, terms, proper sales and withdrawal.
Page 22 | September 12, 2014
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LEAD SHEET Jiffy Lube International, Inc. dba Jiffy Lube (Franchises) Tom Lane PO Box 4427 Houston, TX 77210-4427 713-241-7888, Fax 713-546-3656 Email: thomas.lane@shell.com Web site: www.jiffylube.com
Automotive The chain operates more than 2,000 locations nationwide. The automotive service centers occupy spaces of 1,900 sq.ft. to 2,400 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 years with options. Specific improvements are required. Preferred cotenants include Target and big box retailers. Preferred demographics include a population of 50,000 within three miles earning $40,000 as the average household income. The company is franchising.
Hobby Lobby Stores dba Mardel Scott Nelson 7707 Southwest 44th Street Oklahoma City, OK 73179 405-745-1100, Fax 405-745-1635 Email: scott.nelson@hobbylobby.com Web site: www.mardel.com
Books The 34-unit chain operates locations throughout AR, CO, KS, LA, MO, OK and TX. The stores, offering Christian-themed books, music, gifts and educational supplies, occupy spaces of 18,000 sq.ft. to 22,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 200,000 within five miles.
Sheetz, Inc. dba Sheetz Convenience Store Mike LaCesa, Dave Hazelet or Steve Augustine 5700 6th Avenue Altoona, PA 16602 814-941-5110, Fax 814-947-5379 Email: mlacesa@sheetz.com Web site: www.sheetz.com
Convenience The 481-unit chain operates locations throughout MD, NC, OH, PA, VA and WV. The convenience stores, with gasoline facilities, occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 30 to 50 years. Preferred cotenants include banks and restaurants.
Sally Beauty Supply, CosmoProf Greg Batista c/o Sabre Real Estate Group, LLC 500 Old Country Road, Suite 209 Garden City, NY 11530 516-874-8070 Ext. 515 Email: greg@sabreny.com Web site: www.sallybeauty.com
Cosmetics/Beauty Supplies Sally Beauty Supply operates more than 4,700 locations nationwide and internationally. The beauty supply stores, offering hair products, skincare, makeup and manicure accessories, as well as salon products and equipment, occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in power centers. Cosmo Prof operates more than 1,000 locations nationwide and in Canada. The stores, offering beauty supplies and products for professionals in the trade, occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout West Chester and Long Island and the surrounding boroughs of New York, NY during the coming 18 months, with representation by Sabre Real Estate Group, LLC.
Woo Skincare – Cosmetics Julie Gardner c/o Katz & Associates 4500 Cameron Valley Parkway, Suite 240 Charlotte, NC 28211 704-362-5050 Email: juliegardner@dkatz.com Web site: www.katzassociates.com
Cosmetics The three-unit chain operates locations in Atlanta, GA; Charlotte, NC and Nashville, TN. The stores, offering skincare items, make-up and accessories, occupy spaces of 1,400 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout NC and SC during the coming 18 months, with representation by Katz & Associates.
B & B Department Stores North Jeff Davidson 732-901-1562, Fax 732-901-8710 Email: jdavi0282@aol.com Web site: www.bnbdepartmentstore.com
Department Store The three-unit chain operates locations along the New Jersey shoreline. The department stores, offering family apparel, footwear and accessories, occupy spaces of 7,000 sq.ft. to 13,000 sq.ft. in freestanding locations and downtown areas. Growth opportunities are sought throughout Monmouth and Ocean counties in NJ during the coming 18 months. Typical leases run two to five years. The company prefers to locate within beach communities.
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September 12, 2014 | Page 23
LEAD SHEET Dollar General David Lucas c/o Julius M. Feinblum Real Estate, Inc. 25 Fairchild Avenue, Suite 500 Plainview, NY 11803 516-844-8890 Email: dlucas@furniturerealestate.com Web site: www.furniturerealestate.com
Discount The chain operates more than 11,300 locations nationwide throughout 40 states. The stores, offering discounted general merchandise, school and seasonal supplies, food and apparel items, occupy spaces of 9,100 sq.ft. in freestanding locations, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the Hudson Valley area of NY during the coming 18 months, with representation by Julius M. Feinblum Real Estate, Inc.
Dollar Tree Carol Hutchinson c/o Charter Realty & Development Corp. 1666 Massachusetts Avenue Lexington, MA 02420 617-623-4333 Email: carol@chartweb.com Web site: www.chartweb.com
Discount The chain operates more than 5,080 locations nationwide and in Canada. The stores, offering general merchandise, seasonal items, office, party and school supplies and beauty products all priced at $1, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations and neighborhood strip centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Charter Realty & Development Corp.
Just-A-Buck Mike Conners 563 Temple Hill Road New Windsor, NY 12553 Email: mikec@justabuck.com Web site: www.justabuck.com
Discount The 23-unit chain operates locations throughout CA, CT, ME, NJ, NY, OH and TN. The stores, offering general merchandise priced at $1, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in strip centers. Growth opportunities are sought throughout CT, DE, ME, NJ, NY, OH, PA and TN during the coming 18 months. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Major competitors include Dollar Tree. The company is franchising. The company prefers site submissions by email.
Ollie’s Bargain Outlet Jerry Altland 6295 Allentown Boulevard, Suite 1 Harrisburg, PA 17112 717-657-2300, Fax 717-651-1376 Email: jaltland@ollies.us Web site: www.olliesbargainoutlet.com
Discount The 167-unit chain operates locations throughout AL, DE, GA, IN, KY, MD, MI, NC, NJ, NY, OH, PA, SC, TN, VA and WV. The stores, offering closeout, surplus and salvage merchandise items, occupy spaces of 28,000 sq.ft. to 32,000 sq.ft. in strip and value centers. Growth opportunities are sought throughout the existing markets, in addition FL, during the coming 18 months. Typical leases run five years with three, five-year options. Specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 80,000 within 10 miles earning $40,000 to $45,000 as the average household income. Major competitors include Big Lots. The company prefers to locate in secondgeneration spaces.
Communications Electronics Todd Calhoun 1953 Greenspring Drive Timonium, MD 21093 410-252-1222, Fax 410-252-5231 Email: info@communicationselectronics.com Web site: www.communicationselectronics.com
Electronics The 15-unit chain operates locations throughout MD and PA. The electronics stores occupy spaces of 1,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Dipson Theatres, Inc. dba Dipson Theatres Michael Clement 388 Evans Street Williamsville, NY 14221 716-626-9613, Fax 716-626-9614 Email: mike@dipsontheatres.com Web site: www.dipsontheatres.com
Entertainment The 11-unit chain operates locations throughout NY and PA. The move theaters occupy spaces of 25,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company will consider second-generation spaces, as well as new construction opportunities.
Page 24 | September 12, 2014
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LEAD SHEET Marcus Theatres Corp. dba Marcus Theatres Craig Bartsch 100 East Wisconsin Avenue, Suite 2000 Milwaukee, WI 53202 414-905-1197 Email: craigbartsch@marcustheatres.com Web site: www.marcustheatres.com
Entertainment The 55-unit chain operates locations throughout IA, IL, MN, ND, NE, OH and WI. The movie theaters occupy spaces of 45,000 sq.ft. to 100,000 sq.ft. in freestanding locations, malls, lifestyle, open-air and power centers. Growth opportunities are sought nationwide during the coming 18 months. A land area of 10 to 20 acres is required for freestanding locations.
Pure Barre Marianne Adamo c/o Saugatuck Commercial Real Estate, LLC 9 Burr Road Westport, CT 06880 203-222-4194 Email: madamo@saugatuckcommercial.com Web site: www.saugatuckcommercial.com
Fitness The chain operates 200 locations nationwide. The fitness centers occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in strip centers. Growth opportunities are sought throughout CT and Westchester County in NY during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC.
Color, Inc. dba The “Best of” Stores Al Shameklis 47 October Hill Road Holliston, MA 01746 508-474-2900 Ext. 2987, Fax 508-474-2800 Email: al@thecolorstores.com Web site: www.thecolorstores.com
Gifts The six-unit chain operates locations nationwide. The stores, offering regionally themed gift items, occupy spaces of 1,500 sq.ft. to 3,500 sq.ft. in malls, entertainment and tourist centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months.
Relax the Back Noah Jones c/o Atlantic Retail Properties 1001 North US Highway, Suite 600 Jupiter, FL 33477 561-427-6699, Fax 561-427-6561 Email: njones@atlanticretail.com Web site: www.atlanticretail.com
Healthcare The chain operates more than 100 locations nationwide and in Canada. The stores, offering ergonomic products to help mitigate and prevent back problems, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, power and strip centers, malls and urban/ downtown areas. Growth opportunities are sought throughout southern FL during the coming 18 months, with representation by Atlantic Retail Properties.
Hobby Lobby Chuck Lanyard c/o The Goldstein Group 45 Eisenhower Drive Paramus, NJ 07652 201-703-9700, Fax 201-703-9678 Email: clanyard@thegoldsteingroup.com Web site: www.thegoldsteingroup.com
Hobby The 601-unit chain operates locations nationwide throughout 47 states. The stores, offering arts, crafts, home accents and hobby and seasonal décor items, occupy spaces of 55,000 sq.ft. in strip centers. Growth opportunities are sought throughout central and northern NJ during coming 18 months, with representation by The Goldstein Group.
Wines & More, Douglas Wine Daniel Dori c/o BLACKLINE Retail Group, LLC 130 Rumford Avenue, Suite 213 Newton, MA 02466 617-553-1840 Email: dan@blacklinere.com Web site: www.blacklinere.com
Liquor The chain operates more than 20 locations throughout MA and RI. Douglas Wine prefers to occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. and Wines & More prefers to occupy spaces of 18,000 sq.ft. to 25,000 sq.ft. in endcaps and inline spaces of power centers. Growth opportunities are sought throughout CT, MA and RI during the coming 18 months, with representation by BLACKLINE Retail Group, LLC. Typical leases run 10 years with options. Preferred cotenants include national grocery store chains. The company prefers to locate in prominent retail markets. Expansion is franchise-driven.
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September 12, 2014 | Page 25
LEAD SHEET Visionworks c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880 Web site: www.ripcony.com
Optical The chain operates more than 640 locations nationwide in 40 states. The eyecare facilities occupy spaces of 2,800 sq.ft. to 4,000 sq.ft. in regional malls, freestanding locations and endcaps of strip centers. Growth opportunities are sought throughout Brooklyn, Bronx, Long Island, Staten Island and Queens, NY during the coming 18 months, with representation by Ripco Real Estate. For more information regarding expansion in Long Island, contact Daniel Glazer. For more information regarding expansion in Brooklyn, Bronx and Queens, contact Daniel Glazer, Richard Senior or Isaac Shabot. For more information regarding expansion in Staten Island, contact Daniel Glazer or Doug Weinstein.
Sperry Top-Sider Shane Wierks c/o Jeffery Realty, Inc. 116 Route 22 East North Plainfield, NJ 07060 908-668-9600 Ext. 223, Fax 908-668-5225 Email: swierks@jefferyrealty.com Web site: www.jefferyrealty.com
Shoes The chain operates more than 100 locations nationwide and internationally. The stores, offering footwear, apparel and accessories, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in regional malls, strip centers and urban/downtown areas. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty, Inc.
B.J. Alan Co., Inc. dba Phantom Fireworks Patrick Carlon 555 Martin Luther King Jr. Boulevard Youngstown, OH 44502 330-746-1064, Fax 330-746-4410 Email: pcarlon@fireworks.com Web site: www.fireworks.com
Specialty The 54-unit chain operates locations nationwide. The stores, offering fireworks, occupy spaces of 4,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Plans call for four openings throughout FL, IN, KY, ME, MI, NH, PA, SC, TN or WI during the coming 18 months.
Penzeys Spices Shane Wierks c/o Jeffery Realty, Inc. 116 Route 22 East North Plainfield, NJ 07060 908-668-9600, Fax 908-668-5225 Email: swierks@jefferyrealty.com Web site: www.jefferyrealty.com
Specialty The chain operates more than 70 locations nationwide. The shops, offering a variety of spices, seasonings and related gift items, occupy spaces of 7,500 sq.ft. to 8,500 sq.ft. in freestanding locations and pad sites. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty, Inc.
Zoom Tan, LLC dba Zoom Tan Joseph Francher 9140 Corsea Del Fontnana Way Naples, FL 34109 239-671-9274 Email: joe@zoomtan.com Web site: www.zoomtan.com
Specialty The chain operates more than 95 locations throughout FL, NY, OH and PA. The tanning salons occupy spaces of 1,200 sq.ft. in mixed-use, power and value centers. Growth opportunities are sought throughout the northeastern region of the U.S. during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include nail and hair salons and gyms. Preferred demographics include a population of 25,000 within three miles earning $30,000 as the average household income. Major competitors include local tanning salons.
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 26 | September 12, 2014
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or le h b NEW - ROUTE 1 - RETAIL nc aila A v e A ir m on LINDEN COMMONS P iti s Po REDEVELOPMENT OF THE FORMER
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118,000 SQ. FT. REDEVELOPMENT OVER 6 TO 1 PARKING RATIO GREAT ACCESS TO NJ TURNPIKE, GARDEN STATE PARKWAY, AND I-287 SIGNALIZED ACCESS 2,000 SF AVAILABLE BETWEEN BLINK AND HIBACHI 2,409 SF AVAILABLE BETWEEN SPRINT CORP AND MOE’S SOUTHWESTERN GRILL
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Buena Park – Ralphs Center, a 93,460 sq.ft. neighborhood center located at the intersection of Valley View Street and Ball Road, has spaces of 5,115 sq.ft. and 12,000 sq.ft. available. Cotenants include Petco, Wells Fargo, Supercuts and Taco Bell. Area demographics include a population of 462,812 within five miles earning $81,590 as the average household income. For more information, contact Terry Bortnick or Thomas Tway, Argent Retail Advisors, 888-301-1888 Ext. 2/714-7618500.
884 sq.ft. and 1,970 sq.ft. are available in a center located along Pacific Avenue. Area retailers include Save Mart, Cost-U-Less and Metro PCS. The monthly asking rent is $1 psf. For more information regarding Stadium Center, contact Andy Hodgson or Lisa Hodgson, Colliers International, 3439 Brookside Road, Suite 108, Stockton, CA 95219; 209-475-5111/5129; Email: andy.hodgson@colliers.com; Web site: www.colliers.com. For more information regarding the site in Stockton, contact Andy Hodgson.
Newington – Gateway of Newington, located at the intersection of Rowley Street and Berlin Turnpike, has a 2,240 sq.ft. endcap available. Cotenants include Bassett Furniture, Starbucks, Chipotle and DiBella’s. Area demographics include a population of 174,609 within five miles earning $65,853 as the median household income. For more information, contact Fairfield Retail Partners, 88 Ryders Lane, Stratford, CT 06614; 203-870-8200; Web site: www.fairfieldretail.com.
Temecula – A 30,073 sq.ft. space is available along Winchester Road. Area demographics include a population of 167,470 within five miles earning $80,746 as the average household income. For more information, contact Carol Springstead, Springstead & Associates, Inc., 3300 Irvine Avenue, Suite 250, Newport Beach, CA 92660; 949797-9040, Fax 949-797-9041; Email: cspringstead@springstead-associates.com; Web site: www.springstead-associates.com.
Destin – Shoppes at Paradise Key, a 269,457 sq.ft. center located at the intersection of US Highway 98 and Mid Bay Bridge Road, has spaces of 1,042 sq.ft., 1,372 sq.ft. and 2,080 sq.ft. available. Cotenants include Publix, Stein Mart, Kirkland’s, Hibbett Sports, Old Navy, Bed Bath & Beyond, Ross Dress for Less, GNC and Bonefish Grill. Area demographics include a population of 9,300 within three miles earning $109,009 as the average household income. The average daily traffic count is 52,000 vehicles. For more information, contact Sherri Mann, Crossman & Co., 404-514-3517; Email: smann@crossmanco.com; Web site: www.crossmanco.com.
Manteca – Stadium Center, a 420,000 sq.ft. power center located along Daniels Street, has spaces of 1,509 sq.ft., 1,887 sq.ft. and 2,591 sq.ft. available. Four pad sites of up to 6,500 sq.ft. are also available for ground lease or build to suit. Cotenants include Costco Wholesale, Kohl’s, Jo-Ann Fabrics, Office Max, Ross Dress for Less, Starbucks, Famous Footwear, Old Navy, Dressbarn and Payless Shoe Source. Area demographics include a population of 99,280 within five miles earning $68,679 as the average household income. Stockton – Spaces of
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Hialeah – Essex Shopping Center, located at the intersection of 4th Avenue and Hialeah Drive, has spaces of 213 sq.ft., 762 sq.ft. and 4,852 sq.ft. available. Area demographics include a population of 543,273 within five miles earning $40,680 as the average household income. The asking rent is $22 psf. Miami – Crossroads Shopping Center, a 36,000 sq.ft. center located at the intersection of 88th Street and 117th Avenue, has spaces of 1,050 sq.ft. and 1,400 sq.ft. available. Cotenants include Verizon Wireless, Visionworks, Dairy Queen, Giardinos, Gourmet Salads and Signs to Go. Area demographics include a population of 458,696 within five miles earning $74,246 as the average household income. The asking rent is $32 to $35 psf. For more information, contact Alexander Espinola, Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305-661-0110, Fax 305-661-7803; Email: aespinola@ima-re.com; Web site: www.ima-re.com. Miami – Plaza Alegre, an 88,411 sq.ft. center located at the intersection of Coral Way and 147th Avenue, has a divisible space of 4,800 (continued on page thirty)
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SPACE PLACE Florida (continued from page twenty-eight)
sq.ft. available. Cotenants include Publix. The asking rent is $17.50 psf. For more information, contact Lindsey Pankey, Centre-Line Real Estate Services, LLC, 305-576-9008 Ext. 3; Email: lp@centre-line.com.
Idaho Pocatello – Pocatello Square, located at the intersection of Hurley Drive and Highway 91, has spaces of 22,000 sq.ft. and 25,000 sq.ft. available, which can be combined for a building up to 60,000 sq.ft. Cotenants include Dick’s Sporting Goods, Jo-Ann Fabrics, Famous Footwear, Ross Dress for Less, Bed Bath & Beyond and Staples. Area demographics include a population of 66,890 within five miles earning $53,445 as the average household income. For more information, contact Jay Blacker or Shaun Greear, Hawkins Cos., 855 Broad Street, Suite 300, Boise, ID 83702; 208-9085521/5520; Email: jblacker@hcollc.com; Web site: www.hcollc.com.
Illinois Aurora – Sunrise Crossing, a 19,504 sq.ft. center located at the southeast corner of Eola
Illinois
Illinois
and Hafenrichter, has spaces from 1,386 sq.ft. to 2,086 sq.ft. available. Cotenants include Dunkin’ Donuts, Subway, Papa Saverio’s Pizza and Posh Hair Salon. Area demographics include a population of 82,843 within three miles earning $108,157 as the average household income. Bartlett – Brewster Creek Centre, a 41,945 sq.ft. center located at the intersection of Route 59 and Stearns Road, has spaces from 1,200 sq.ft. to 13,000 sq.ft. available, which can be divided. Cotenants include Walgreens, McDonald’s, Subway and Radio Shack. Area demographics include a population of 196,724 within five miles earning $88,065 as the average household income. For more information regarding Sunrise Crossing, contact Samantha Spinell, MidAmerica Asset Management, Inc., One Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630-954-7220, Fax 630-9547306; Email: sspinell@midamericagrp.com; Web site: www.midamericagrp.com. For more information regarding Brewster Creek Centre, contact Jaime Platt Bertsche or Maria Rossobillo, 630-954-7223/7385; Email: jbertsche@midamericagrp.com.
available. Cotenants include Brite Dental, Coin Laundry and Cutz N Nailz. Area demographics include a population of 75,001 within one mile earning $63,650 as the average household income. Rosemont – Spaces of 1,275 sq.ft. and 1,540 sq.ft. are available at the intersection of Touhy Avenue and Chestnut Street. Cotenants include Jimmy John’s, Naf Naf Grill and Trattoria Raccanto. Area demographics include a population of 303,940 within five miles earning $79,430 as the average household income. For more information regarding the site on North Kimball Avenue, contact Doug Renner or Ken Robberechts, Baum Realty Group, LLC, 312-275-3137/ 3103; Email: doug.renner@baumrealty.com; Web site: www.baumrealty.com. For more information regarding the site in Rosemont, contact Ken Robberechts, Adam Secher or Allen Joffe, , 312-275-3130/3120; Email: ken@baumrealty.com.
Chicago – A neighborhood center located along North Kimball Avenue in the Albany Park area, has a 2,400 sq.ft. inline space
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Chicago – A 2,183 sq.ft. ground floor retail space is available at a building located along North Milwaukee Avenue. Also – A 2,472 sq.ft. street level space is available along North Sheffield Avenue, in the Wrigleyville area. Area retailers include The Second (continued on page thirty-two)
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www.winigproperties.com • 215.627.3700 Page 30 | September 12, 2014
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20 years of service, pride and tradition Aguadilla Mall is part of the Western community of Puerto Rico for over 20 years. This impressive business center has a 272.106 square feet 19,000 square foot annex containing the largest cinema chain, Caribbean Cinemas and theaters. The shopping center has a capacity of 1,500 parking spaces, including a multistory parking.
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SPACE PLACE Illinois (continued from page thirty)
Stage, Chicago’s Blarney Stone Bar, Penny’s Noodle Shop and Sinead Salon and Spa. Area demographics include a population of 416,801 within three miles earning $98,014 as the average household income. The asking rent is $42 to $46 psf. For more information regarding the Milwaukee Avenue property, contact Scott Fithian, The Lord Cos., 1033 West Van Buren Street, Chicago, IL 60607; 312-944-6270; Email: scott@lordcompanies.com; Web site: www.lordcompanies.com. For more information regarding the Sheffield Avenue property, contact Chelsea Henderson or Keith Lord; Email: chelsea@lordcompanies.com.
Illinois
Illinois
For more information, contact Chad Tepley, Cedar Street Commercial, 351 West Chicago Avenue, Chicago, IL 60654; 312506-3212; Email: ctepley@cedarstreetco.com.
and Walmart. Area demographics include a population of 232,236 within three miles earning $81,803 as the average household income. The average daily traffic count is 62,000 vehicles. For more information, contact Rich Kahan or Tony Kahan, KB Real Estate, Inc., 790 West Frontage Road, Suite 315, Northfield, IL 60093; 847-441-4425/4424; Email: rkahan@kbrealestate.com.
Glenview – Wil-Sher Shopping Plaza, a 12,593 sq.ft. shopping center located at the intersection of Willow Road and Shermer Road, has spaces of 1,260 sq.ft. and 2,350 sq.ft. available. Cotenants include Subway and Mario’s Pizza. Area demographics include a population of 240,123 within five miles earning $80,576 as the median household income. The average daily traffic count is 36,439 vehicles. The asking rent is $16 psf NNN. For more information, contact Joseph Santucci or Carlo Santucci, Avalon Realty Associates, LLC, 847-506-1000 Ext. 5140/5132; Email: jcs@avalonreal.com.
Downers Grove – A center located along Butterfield Road, between Downers Drive and Highland Avenue, has spaces from 3,000 sq.ft. to 20,000 sq.ft. available. Cotenants include Olive Garden, The Melting Pot and Lincolnwood – The Shoppes at Lincoln P.M. Bedroom Gallery. Area demographics Pointe, a mixed-use development located include a population of 87,051 within three at the intersection of Touhy Avenue and miles earning $100,878 as the average Lincoln Avenue, has retail spaces available. household income. The asking rent is $12 to Area retailers include Best Buy, Office Max, $14 psf. PetSmart, AMC Theatres, Pep Boys Auto Join over 118,900 members looking to acquire, sell, lease and finance all types of commercial real estate. We’re the place to list your center’s availabilities and to find that perfect site. No matter the economy, these forums make sense and, best of all, they’re free! Sign up today at www.dealmakerS.net/Free-email-ForumS
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Mt. Prospect – A center located at the intersection of East Rand Road and Kensington Street, has spaces of 3,000 sq.ft. and 6,000 sq.ft. available. Cotenants include O’Reilly Auto Parts. Area demographics include a population of 119,464 within three miles earning $98,037 as the average household income. The average daily traffic count is 50,000 vehicles. For more information, contact Robert Melsher or Larry Kling, Metro Commercial Real Estate, 56 Skokie Valley Road, Highland Park, IL 60035; 847-412-9898, Fax 847-4120101; Email: rmelsher@metrocre.com; Web site: www.metrocre.com. Orland Park – Orland Park Plaza, located along 94th Avenue, has a space available. Area retailers include Target, Walmart, Lowe’s, Kohl’s and Costco Wholesale. Area demographics include a population of 176,061 within five miles earning $94,434 as the average household income. For more information, contact Matthew Tarshis or Eric Jacobson, Frontline Real Estate Partners, 707 Skokie Valley Boulevard, Suite 580, Northbrook, IL 60062; 847-542-9058/847-8909599, Fax 847-919-3816/4376; Email: mtarshis@frontlinerepartners.com; Web site: www.frontlinerepartners.com. Palatine – Dundee Road Plaza, located along East Dundee Road, has 2,500 sq.ft. to 5,000 sq.ft. of small shop space available. Cotenants include Boost Mobile, Rossini di Lucca, Sushi Para and Pita Pita Mediterranean Restaurant. Area demographics include a population of 254,218 within five miles earning $101,540 as the average annual income. For more information, contact Kevin McNamara or James Schutter, Newmark Grubb Knight Frank Retail, 500 West Monroe Street, Suite 2900, Chicago, IL 60661; 312224-3171/3210; Email: kmcnamara@ngkf.com.
Indiana Terre Haute – Plaza North Shopping Center, located along Fort Harrison Road, has Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Indiana
Maryland
Maryland
spaces of 2,830 sq.ft. and 5,487 sq.ft. available, along with a 52,000 sq.ft. warehouse space. Cotenants include Menards, Trader Buck’s, Big Lots, Save-ALot, Harbor Freight Tools, Radio Shack, Family Dollar, Rent-A-Center and Payless Shoe Source. Area demographics include a population of 65,138 within five miles earning $44,469 as the average household income. For more information, contact Patrick Boyle or Nick Wright, Midland Atlantic, 9000 Keystone Crossing, Suite 850, Indianapolis, IN 46240; 317-580-9900; Email: pjboyle@midlandatlantic.us; Web site: www.midlandatlantic.com.
Frederick – Westridge Square, a 251,991 sq.ft. neighborhood shopping center located along US Route 40, has spaces from 1,730 sq.ft. to 15,300 sq.ft. available. Cotenants include Burlington, G-Mart, Capital One Bank, Outback Steakhouse, Payless Shoe Source, Sally Beauty Supply, Baskin Robbins, GNC and Gold’s Gym. Area demographics include a population of 106,516 within five miles earning $86,534 as the average household income. For more information, contact Craig Kerbekian, Hekemian, 505 Main Street, Hackensack, NJ 07601; 201-487-1500 Ext. 113; Email: ckerbekian@hekemian.com; Web site: www.hekemian.com.
4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301-657-0700, Fax 301657-9850; Web site: www.jbgr.com.
Terre Haute – A 10,000 sq.ft. strip center, located at the intersection of Interstate 70 / US Route 150 and US Route 41, has a space of 1,700 sq.ft. available. Cotenants include Starbucks and AT&T Mobility. For more information, contact Larry Tavel, Tavel Realty Group, 2839 Lafayette Road, Indianapolis, IN 46222; 317-9241300; Email: larry@drtavel.com; Web site: www.drtavelrealtygroup.com.
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North Frederick – Market Square, located at the intersection of Catoctin Mountain Highway and State Route 26, has spaces from 1,185 sq.ft. to 2,402 sq.ft. available. Cotenants include HomeGoods, PetSmart, Sports & Health, Buffalo Wild Wings, Bank of America, RightTime Medical, McDonald’s and Noodles & Co. Area demographics include a population of 104,479 within five miles earning $67,565 as the median household income. For more information, contact JBGR Retail,
Michigan Caro – Caro Center, a 71,778 sq.ft. center located along West Caro Road, has spaces of 6,180 sq.ft. and 8,556 sq.ft. available. Cotenants include Peebles, Goodwill, Family Dollar, Ace Hardware, GNC and Rent-Way. Area demographics include a population of 9,647 within five miles earning $49,150 as the average household income. The average daily traffic count is 30,000 vehicles along West Caro Road. For more information, contact Joe Del Balso, Paran Management Co., Ltd., 2720 Van Aken Boulevard, Suite 200, Cleveland, OH 44120; 216-921-5663; Email: jdelbalso@paranmgt.com; Web site: www.paranmgt.com.
Missouri Arnold – Jefferson County Plaza, located along Vogel Road, has spaces available. (continued on page thirty-six)
September 12, 2014 | Page 33
STATE OF THE INDUSTRY (continued from page sixteen)
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square foot mixed-use development located along High Street in Perth Amboy. Levin Management is preleasing Holmdel Crossing, a 120,000 square foot retail development located along Route 35 in Holmdel, New Jersey. The center has big box, junior box, inline spaces and pad sites available. The company is also preleasing space at the Stafford Park in Manahawkin, New Jersey. Cotenants include Costco Wholesale, PetSmart, Target, Dick’s Sporting Goods and Ulta. Plans call for 180,000 square feet of space to be built, including several pad sites. In addition, Clark Commons, located along Raritan Road in Clark, New Jersey, is slated to break ground next year. Whole Foods will anchor the site. Harding said, “We definitely are seeing more activity with regards to new construction.” DeLuca concurred and also added that government approvals on new developments make leasing tricky. Harding added, “In a postrecession environment, retailers and landlords are a little bit more cautious in their negotiating, and as a result, the process of getting a transaction to closing takes longer than in the past.” Respondents had similar feelings when it came to investment sales and acquisitions in the region. Lanyard commented that the market is extremely competitive because not many centers are for sale and the ones that are have very low Cap rates. DeLuca observed that there was a high demand from investors for all types of centers, including NNN leased properties. According to Harding, there is a lot of competition in the market to acquire “top” shopping centers and retail properties, especially for those with a high quality grocer as an anchor. “Secondary, perhaps unanchored, retail properties are still more difficult to sell and lease,” Harding said. There are quite a few hot retail regions in the tri-state area. According to Lanyard, Paramus, New Jersey is still a premier area in the country, with $5 billion in retail sales annually, more GNP than many small countries in the world and the largest amount of retail sales in the country. Any market can be strong, according to Harding. All it needs are well-located shopping centers with a strong tenant mix and curb appeal to draw retailers and consumers. All respondents are optimistic that the retail industry will continue to get stronger in the tri-state region. DeLuca summed it up with, “It’s gone from slow to full throttle.” Better hold on to your hats. It’s going to be a fun ride. DM
Page 34 | September 12, 2014
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SPACE PLACE Missouri (continued from page thirty-three)
Cotenants include Home Depot, Target, Xist Fitness, Smugala’s and La Pachanga Mexican Restaurant. Area demographics include a population of 96,112 within five miles earning $76,454 as the average household income. Jennings – Plaza on the Boulevard, a 350,000 sq.ft. center located at the intersection of West Florissant Avenue and Lucas and Hunt Road, has spaces from 1,028 sq.ft. to 7,700 sq.ft. available, along with a proposed junior anchor space of up to 12,000 sq.ft. Cotenants include Target, Schnucks, Gen X, Simply Fashions, Payless Shoe Source, Rainbow, Game Stop, Radio Shack and Subway. Area demographics include a population of 266,826 within five miles earning $43,030 as the average household income. For more information regarding Jefferson County Plaza, contact Mark Kornfeld, Sansone Group, 314-727-6664; Email: mkornfeld@sansonegroup.com; Web site: www.sansonegroup.com. For more information regarding Plaza on the Boulevard, contact Mark Kornfeld or Grant Mechlin; Email: gmechlin@sansonegroup.com.
Page 36 | September 12, 2014
New Jersey
New Jersey
Aberdeen – A&P Plaza, a 74,941 sq.ft. neighborhood strip center located at the intersection of Route 35 and Cliffwood Avenue, has spaces of 1,400 sq.ft., 1,850 sq.ft. and 2,816 sq.ft. available, along with a 1,500 sq.ft. pad site. Cotenants include A&P, Subway, Supercuts, H&R Block and Baskin Robbins/Dunkin’ Donuts. Area demographics include a population of 157,887 within five miles earning $100,153 as the average household income. For more information, contact Robert Goldfeder, Basser Kaufman, 151 Irving Place, Woodmere, NY 11598; 516-5693700 Ext. 127, Fax 516-569-7528; Email: robert@basserkaufman.com; Web site: www.basserkaufman.com.
Eatontown – Up to 13,782 sq.ft. of divisible space is available at a center located along State Route 35. Area retailers include AMC Theatres, Lord & Taylor, Macy’s, Boscov’s and Joe’s Crab Shack. Area demographics include a population of 163,308 within five miles earning $93,073 as the average household income. The average daily traffic count is 36,000 vehicles. For more information regarding Bayview Shopping Center, contact William Lenaz, R.J. Brunelli & Co., LLC, 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-7215800 Ext. 15; Email: wlenaz@rjbrunelli.com; Web site: www.rjbrunelli.com. For more information regarding the site in Eatontown, contact Ron DeLuca, Ext. 28; Email: rdeluca@rjbrunelli.com.
Bayonne – Bayview Shopping Center, located along Avenue A, has spaces from 1,750 sq.ft. to 66,544 sq.ft. available. Area retailers include Dunkin’ Donuts, Rite Aid and 7-Eleven. Area demographics include a population of 193,076 within three miles earning $73,541 as the average household income. The average daily traffic count is 37,255 vehicles along Route 440.
Berkeley Heights – A center located at the intersection of Springfield Avenue and Prospect Avenue, has spaces of 950 sq.ft., 1,450 sq.ft. and 2,100 sq.ft. available, along with a 0.5 acre pad site. Cotenants include 7-Eleven. Area demographics include a population of 142,257 within three miles earning $47,026 as the average household income.
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SPACE PLACE New Jersey
New Jersey
New Mexico
For more information, contact Neal Richards, The Vanguard Group, 973-4439700 Ext. 15, Fax 973-966-0123; Email: nrichards@vanguardsite.com; Web site: www.vanguardsite.com. Clifton – Clifton Plaza, an 80,127 sq.ft. center located at the intersection of Route 46 and Van Houten Avenue, has spaces of 1,532 sq.ft., 2,365 sq.ft. and 16,000 sq.ft. available. Cotenants include Big Lots, Dollar Tree, Work N’ Gear, Radio Shack, Sally Beauty Supply and Valley National Bank. Area demographics include a population of 619,138 within five miles earning $79,806 as the average household income. The average daily traffic count is 73,080 vehicles. Paramus – Paramus Place, a 261,300 sq.ft. center located at the intersection of Route 4 West and Spring Valley Road, has a space of 15,140 sq.ft. available, along with a space of 41,312 sq.ft. on the first and second floors. Cotenants include Kohl’s, AC Moore, Modell’s, Party City, Lane Bryant and Panera Bread. Area demographics include a population of 162,605 within three miles earning $96,287 as the average household income. The average daily traffic count is 141,127 vehicles. For more information regarding Clifton Plaza, contact Gloria Mercado, Levin Management Corp., 975 US Highway 22 West, North Plainfield, NJ 07060; 908226-5270; Email: gmercado@levinmgt.com; Web site: www.levinmgt.com. For more information regarding Paramus Place, contact Jake Frantzman, 908-226-5266; Email: jfrantzman@levinmgt.com.
a drive thru. Cotenants include Walmart Supercenter, Rainbow and Kicks USA. Area demographics include a population of 243,772 within five miles earning $76,316 as the average household income. The average daily traffic count is 18,922 vehicles along Route 33. For more information, contact Chris Morroney or Peter Quinn, Amazing Space Properties, 50 Greenfield Avenue, Ardmore, PA 19003; Email: chrism@aspgrp.com.
Santa Fe – Plaza Santa Fe, a power center located at the intersection of Cerrillos Road and Rodeo Road, has spaces from 819 sq.ft. to 6,000 sq.ft. available. Cotenants include Target, Albertson’s, Vitamin Shoppes, Sleep Number, Jimmy John’s and Panda Express. Area demographics include a population of 80,664 within five miles earning $50,145 as the median household income. For more information, contact Anthony Johnson, Kira Wege or Chris Rivera, Pegasus Retail, 505-346-0019/505-346-0020/505923-3263; Email: aj@pegasusgroupnm.com.
Gloucester –Marketplace at Chews Landing, located along Chews Landing Road, has spaces from 5,200 sq.ft. to 12,000 sq.ft. available, along with a 1,000 sq.ft. pad site. Cotenants include Shop Rite, Pet Valu, Hair Cuttery, H&R Block and Dollar General. Area demographics include a population of 217,688 within five miles earning $81,010 as the average household income. The average daily traffic count is 14,101 vehicles. For more information, contact Nicole Johnson, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732961-8123/8136, Fax 732-886-1690; Email: njohnson@paramountrealty.com; Web site: www.paramountrealty.com. Hamilton – Court at Hamilton, located along Route 33, has spaces of 1,600 sq.ft., 1,715 sq.ft., 1,798 sq.ft. and 1,800 sq.ft. available, which can be combined, as well as a space of 1,400 sq.ft., and a 5,000 sq.ft. pad site with Dealmakers Magazine | www.dealmakers.net
Mountainside – A 0.65-acre site is available for ground lease along Route 22. Area retailers include AMC Theatres, Outback Steakhouse and Verizon Wireless. Area demographics include a population of 107,715 within three miles earning $120,064 as the average household income. The average daily traffic count is 74,680 vehicles. Robbinsville – A 2,700 sq.ft. restaurant space with a drive thru is available along Route 33. Area retailers include Work Out World, Walgreens, Dunkin’ Donuts, CVS and Wells Fargo. Area demographics include a population of 33,197 within three miles earning $99,736 as the median household income. For more information, contact Jason Pierson or Gregg Medvin, Pierson Commercial Real Estate, 704 Ginesi Drive, Suite 24, Morganville, NJ 07751; 732-7076900 Ext. 2/3; Email: jason@piersonre.com; Web site: www.piersonre.com. Newark – A 10,800 sq.ft. freestanding building is available along Springfield Avenue at Morris Avenue. Area retailers include Auto Zone, Dunkin’ Donuts, RS Strauss, Home Depot, Applebee’s, TD Bank and Newark Screen. For more information, contact Robert Weber or Louis Eisinger, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2614/2629, Fax 212-792-2660; Email: bweber@winick.com; Web site: www.winick.com. Toms River – Toms River Kmart Center, a 100,0000 sq.ft. center, has spaces of 1,400 sq.ft., 1,500 sq.ft. and 8,000 sq.ft. available. Cotenants include Kmart, Toms River Fitness and West Marine. Area demographics include a population of 175,000 within five miles earning $75,000 as the average household income. For more information, contact Bill Klein, Kay Commercial Realty, 1989 Jumping Brook Road, Building 1, Tinton Falls, NJ 07753; 732-918-1148, Fax 732-918-1628; Email: bill@kayrealtyholdings.com; Web site: www.kayrealtyholdings.com.
New York Airmont – A 15,000 sq.ft. retail space is available along North Airmont Road. Area retailers include Walmart, Shop Rite, Walgreens, Applebee’s, Starbucks, Outback Steakhouse, 7-Eleven, Dunkin’ Donuts, Subway, Wendy’s and CVS. For more information, contact David Landes or Jeanine Kemm, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403 Ext. 104/111; Email: david@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. Bronx – The Crossings at Southern, located along Hunts Point Avenue, has spaces from 500 sq.ft. to 4,000 sq.ft. available. Cotenants include Deals by Dollar Tree, Red Lobster and McDonald’s. The average daily traffic count is 30,000 vehicles along Bruckner Boulevard. Brooklyn – Brooklyn Heights Plaza, located at the intersection of Joralemon Street and Court Street, has ground floor spaces of 2,222 sq.ft. and 3,460 sq.ft. available, which can be combined, along with a 2,780 sq.ft. basement. Area retailers include Neiman Marcus Last Call Studio, Sephora, YogaWorks, It’Sugar, Trader Joe’s, Equinox, Hill Country and Shake Shack. Area demographics include a population of 935,541 within three miles earning $74,851 as the median household income. Brooklyn – A 30,679 sq.ft. ground floor space is available at the intersection of Empire Boulevard and McKeever Place. Area retailers include Western Beef, McDonald’s, Popeye’s Chicken & Biscuits, Wendy’s, Metro PCS and Checkers. Jericho – A 4,000 sq.ft. space is available along North Broadway Avenue. Area retailers include Whole Foods Market, Marshalls, CVS, Hand & Stone, Starbucks and Bank of America. Area demographics include (continued on page thirty-eight)
September 12, 2014 | Page 37
SPACE PLACE New York (continued from page thirty-seven)
a population of 247,801 within five miles earning $116,298 as the median household income. For more information regarding The Crossings at Southern, contact Miles Mahony, Ripco Real Estate, 150 East 58th Street, 15th Floor, New York, NY 10155; 212-750-6565, Fax 212-750-6767; Email: mmahony@ripcony.com; Web site: www.ripcony.com. For more information regarding Brooklyn Heights Plaza, contact Peter Ripka, Jason Pennington or Zach
New York
New York
Nathan; Email: pripka@ripcony.com. For more information regarding the site at Empire Boulevard and McKeever Place, contact Andrew Clemens, Email: aclemens@ripcony.com. For more information regarding the Jericho property, contact Thomas Rettaliata or Joanne Argenti, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516-933-2514; Email: trettaliata@ripcony.com.
space, are all available at the intersection of Montague Street and Hicks Street. Area retailers include Le Pain Quotidien, Starbucks, Loft, Banana Republic, Aerosoles, MAC Cosmetics, Crumbs and Chase Bank. For more information, contact Ryan Condren, Kristina Triglia or George Danut, CPEX Real Estate, 81 Willoughby Street, 8th Floor, Brooklyn, NY 11201; 718-8674212/4206/4220, Fax 718-935-1822; Email: rcondren@cpexre.com; Web site: www.cpexre.com.
Brooklyn – A 2,300 sq.ft. ground floor space, a 1,500 sq.ft. second floor space, a 225 sq.ft. mezzanine, and a 2,000 sq.ft. lower level
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Brooklyn – A 2,500 sq.ft. street level retail space is available at the corner of Fifth Avenue and 53rd Street. Area retailers include Duane Reade, Citibank, Chase Bank, Payless Shoe Source, Rite Aid, Game Stop, GNC and McDonald’s. For more information, contact David Alani, Inline Realty, 35-11 36th Street, Suite 401, Astoria, NY 11106; 718-746-4900 Ext. 3; Email: david@inlinerealty.com. Clifton Park – Shopper’s World, located Park Avenue, has retail spaces available. Cotenants include Price Chopper, Dollar Tree, Sally Beauty Supply and Hallmark. Area demographics include a population of 45,206 within five miles earning $96,512 as the average household income. The average daily traffic count is 35,923 vehicles along Route 146. For more information, contact Gordon Heeps or Alex Kutikov, RedMark Realty, LLC, 7 Southside Drive, Suite 200, Clifton Park, NY 12065; 518-952-7500, Fax 518207-0134; Email: info@redmarkrealty.com; Web site: www.redmarkrealty.com.
Pennsylvania
Crossroads Eatontown, NJ
COMPLETED PROJECTS: PetSmart Restaurant Depot West Virginia Neptune, NJ
www.gerardconstructioncorp.com contactus@gerardcnd.com 732-933-0707 Page 38 | September 12, 2014
Walmart Brick, NJ
Drexel Hill – Pilgrim Gardens, a 79,492 sq.ft. neighborhood center located at the intersection of Pontiac Road and Township Line Road, has small shop spaces from 800 sq.ft. to 2,200 sq.ft. available. Cotenants include Ross Dress for Less and Dollar Tree. Area demographics include a population of 462,860 within five miles earning $76,450 as the average household income. The average daily traffic count is 25,000 vehicles along Route 1. For more information, contact Josh Brawer, Brixmor, 1 Fayette Street, Suite 150, Conshohocken, PA 19428; 610-834-7630; Email: josh.brawer@brixmor.com; Web site: www.brixmor.com. Holland – Village Shires Shopping Center, a 36,687 sq.ft. center located at the intersection (continued on page forty)
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SPACE PLACE Pennsylvania (continued from page thirty-eight)
of Buck Road and East Village Road, has spaces available. Cotenants include Village Shires Deli, Dunkin’ Donuts, Rita’s Water Ice, El Barrio, Village Shires Pharmacy, Stars Hair Salon and Aldo’s Pizza. Area demographics include a population of 150,539 within five miles earning $105,445 as the average household income. The average daily traffic count is 12,033 vehicles along Buck Road. Newtown – Summit Square, a 135,387 sq.ft. center located at the intersection of Route 332 and Summit Trace Road, has spaces available. Cotenants include Giant, Rite Aid, Mt. Fuji Restaurant, Goodwill Donation Center, Pizza Hut To Go, Einstein Brother’s Bagel and One Cup Joe. Area demographics include a population of 136,027 within five miles earning $113,628 as the average household income. The average daily traffic count is 31,164 vehicles along Route 332. For more information, contact Michael Palladino, Amazing Space Properties, 50 B Greenfield Avenue, Suite 201, Ardmore, PA 19003; 610-585-1582; Email: palladinodevelopment@verizon.net; Web site: www.palladinodevelopment.com. Parkesburg – Parkesburg Shopping Center, a 56,652 sq.ft. center located at the intersection of Route 10 and Route 372, has spaces of 2,000 sq.ft. and 9,300 sq.ft. available, along with an anchor space of 15,432 sq.ft. Cotenants include Family Dollar, CVS, Polk’s Florist, Pizza Villa and Ewing Oil. Area demographics include a population of 35,748 within five miles earning $74,280 as the average household income. For more information, contact Jordan Korris, Levin Management Corp., 975 US Highway 22 West, North Plainfield, NJ 07060; 908-226-5262; Email: jkorris@levinmgt.com; Web site: www.levinmgt.com. Philadelphia – A 2,890 sq.ft. first floor retail space is available along Walnut Street, between 16th Street and 17th Street. Area retailers include Theory, Club Monaco, Ralph Lauren, Cole Haan, McCormick & Schmick’s, Lagos and Williams-Sonoma. For more information, contact Andi Pesacov, Cushman & Wakefield, 215-9634090; Email: andi.pesacov@cushwake.com. Philadelphia – Shoppes at Wissinoming, a 105,000 sq.ft. retail center located at the intersection of Tulip Street and Harbison Street, has spaces available. Cotenants Page 40 | September 12, 2014
Pennsylvania
Texas
include Shop Rite. Area demographics include a population of 728,747 within five miles earning $44,013 as the average household income. For more information, contact Marc Perel, ARC Properties, Inc., 973-249-1000; Email: mperel@arcproperties.com; or Richard Soloff, Soloff Realty and Development, 484-5342099; Email: richard@soloffdevelopment.com.
Boulevard, Suite 2350, Los Angeles, CA 90025; 310-575-9447, Fax 310-573-9350; Email: jay@tamkin.com.
Ridley – Ridley Square, located at the intersection of Interstate 95 and Sellers Avenue, has pad sites available. Cotenants include Microtel Inn & Suites, Wendy’s and Royal Farms. Area demographics include a population of 406,005 within a ten minute drive-time earning $67,397 as the average household income. The average daily traffic count is 135,000 vehicles. Scranton – Southside Shopping Center, a neighborhood shopping center located at the intersection of South Washington Avenue and Beech Street, has inline spaces from 2,000 sq.ft. to 6,500 sq.ft. available, along with pad sites. Cotenants include Rite Aid, Dollar Tree, Advance Auto Parts and McDonald’s. Area demographics include a population of 117,833 within five miles earning $53,158 as the average household income. For more information regarding Ridley Square, contact Dan Mortimer or Michael DePetris, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034, Fax 610-941-4038; Email: dmortimer@lpre.com. For more information regarding Southside Shopping Center, contact James DePetris or Teresa Craig; Email: jdepetris@lpre.com. Wayne – The Elements Chesterbrook, located at the intersection of West Anthony Wayne Drive and Valley Forge Road, has a space of 1,337 sq.ft. available. Cotenants include Sherwin-Williams. Area demographics include a population of 115,083 within five miles earning $134,295 as the average household income. For more information, contact Andrew Shpigel or Douglas Green, Michael Salove Co., 215-568-2600 Ext. 715/718; Email: ashpigel@mscretail.com.
Texas Laredo – A retail pad site, with an existing freestanding building, is available at the intersection of Saunders Avenue and Bartlett Avenue. For more information, contact Jay Jaweed, Tamkin Development Corp., 11755 Wilshire
Leander – Shops at Leander, located at the intersection of Bagdad Road and Blueline Drive, has spaces from 1,200 sq.ft. to 24,996 sq.ft. available, along with a freestanding building with a drive thru. Area retailers include Kohl’s, Lowe’s, Goodwill, CVS, Dollar General and Anytime Fitness. Area demographics include a population of 106,994 within five miles earning $88,822 as the average household income. The asking rent is $18 to $24 psf NNN. For more information, contact Preston Wolfe, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin, TX 78731; 512-474-5557; Email: preston@retailsolutions.us; Web site: www.retailsolutions.us. San Antonio – A center located along Interstate 10, has a space of 2,030 sq.ft. available. Cotenants include Wild Goose, Double Dave’s Pizza, IN Balance Fitness, Subway and Artworks. For more information, contact Delta Properties Commercial Real Estate, 210404-1333. San Antonio – Blanco North Shopping Center, located along Blanco Road, has inline spaces of 1,113 sq.ft. and 2,246 sq.ft. available. Cotenants include Medlar’s, Bike City, Salon Bella, Speisen and Smokerz Paradize. The asking rent is $15 psf. For more information, contact Beverly Barshop, RFM Commercial, Inc., 210-826-0036 Ext. 29; Email: beverly@rfmcommercial.com.
Washington Moses Lake – Moses Lake Town Center, a 70,000 sq.ft. power center located at the intersection of North Stratford Road and Highway 17, has spaces from 8,000 sq.ft. to 25,000 sq.ft. available. Area retailers include Home Depot, Big 5, Staples, Big Lots, Payless Shoe Source, Ross Dress for Less, Petco and Famous Footwear. The average daily traffic count is 35,000 vehicles. The asking rent is $9 to $11 psf NNN. For more information, contact Stephen Pohl, NAI Black Commercial, Inc., 107 South Howard Street, Suite 500, Spokane, WA 99201; 509-622-3568, Fax 509-6223500; Email: spohl@naiblack.com; Web site: www.naiblack.com. DM Dealmakers Magazine | www.dealmakers.net
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retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? Tenant Search includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches online can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any Web browser online, access up-todate information, print letters and save searches. Get the details on over 5,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise; Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
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MOST VALUABLE PLAYERS Aguadilla Mall.........................................................................Pg. 31
Levin Management.......................................................... Back Cover
AmCap Incorporated.................................................................Pg. 7
LMS Commercial Real Estate.................................Inside Back Cover
Arrow Real Estate Services.......................................................Pg. 28
Millman Search Group............................................................Pg. 33
AutoZone................................................................................Pg. 12
Nassimi Realty.........................................................................Pg. 13
Bennett Williams Realty Inc.......................................................Pg. 9
Paramount Realty Services Inc..........................................Pgs. 10, 11
BKR Retail...............................................................................Pg. 27
RD Management LLC.......................................................Pgs. 14, 15
Bruce Strumpf, Inc...................................................................Pg. 30
RJ Brunelli & Company LLC.....................................................Pg. 36
Dealmakers, The........................................................Pgs. 32, 35, 39
Sabre Real Estate................................................... Inside Front Cover
FoodTenants.com | FreestandingTenants.com......................... Pg. 34
Silbert Realty & Management Company, Inc............................ Pg. 18
Gerard Construction Corp.......................................................Pg. 38
TenantSearch...........................................................................Pg. 41
Goldstein Group, The..............................................................Pg. 21
Waters & Associates, Inc..........................................................Pg. 17
Jeffery Realty...........................................................................Pg. 22
Winick Realty Group LLC........................................................Pg. 20
Jersey Mike's Subs.....................................................................Pg. 5
Winig Properties......................................................................Pg. 30
Legend Properties, Inc.............................................................Pg. 29
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FEATURED PROJECTS • DEVELOPMENT • North Cornwall Commons
Madison Farms
Overlook Town Center
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30 Keller Avenue
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Plaza 15
Staples - Loucks Road
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Lebanon, PA Retail, Office, Hotel, Residential & Restaurants
Millersville, PA Sheetz, Members 1st & Tropical Smoothie 1,600 - 7,000 SF Retail/Office
Bethlehem, PA ShopRite, Starbucks & Subway Delivery Early 2015 Lancaster, PA 10.7 Acres At Lancaster Amtrak Station
Lancaster, PA Buffalo Wild Wings & Chipotle Phase I Now Open
Carlisle, PA Dollar General & Subway 5 Commercial Outparcels Available
• LEASING • Harrisburg, PA 3,500 • 6,122 SF Weis, Gabriel Brothers & Starbucks Red Lion, PA 1,600 • 2,000 • 4,000 SF (Pad Site End-Cap) Giant, Dollar Tree & Wine & Spirits
Lewisburg, PA 1,702 - 28,800 SF • Pad Site Big Lots, Peebles & Advance Auto Harrisburg, PA (S ERITAGE D E V.) 18,000 SF (sub-dividable) Sears, Bon-Ton & Buffalo Wild Wings
Hanover, PA York, PA 1,600 • 1,606 • 1,800 SF • Pad Site 15,275 SF Giant Foods, Community Aid & Advance Auto Aldi Food Market & Ashley Furniture
York, PA 10,000 SF Join Staples | Route 30 @ Roosevelt Ave Lancaster, PA 2,037 • 2,798 SF Giant-to-Go & CVS/pharmacy East Petersburg, PA +/- 750 - 7,500 SF Phase II Delivery Fall 2014
Bradford Plaza - West Chester, PA Downingtown Pike/Route 322 & Route 162
Prime Retail Space Available including Inline, End Cap & Pad Site
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160,970-square-foot center anchored by Giant and Walgreens with strong national tenants including Petco, Dollar Tree and Sally Beauty Supply Bradford Plaza is situated in the heart of Chester County with quick access to major roadways Abundant parking and signalized access from Route 322 Minutes from busy downtown West Chester, West Chester University, West Chester’s Business District and QVC World Headquarters Population over 100,000, with 16 public schools within a 5-mile radius Inline and end cap spaces available of 1,577 SF up to 7,892 SF and a future pad site with approved drive-thru up to 4,300 SF, ideal for bank use
CONTACT Marcia Minton
Leasing Representative (908) 226-5268 mminton@levinmgt.com
VISIT US AT THE
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Levin Management Licensed Real Estate Broker 975 US Hwy 22, North Plainfield, NJ 07060
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