Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XXXV
September 16, 2011
Home-Related Chains Expand Nationwide Ashley Furniture Industries, Inc. trades as Ashley Furniture HomeStore at more than 400 locations nationwide. The stores, offering living room, dining room, bedroom and home office furniture, occupy spaces of 35,000 sq.ft. in endcaps and inline spaces of power centers, as well as freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include national and regional retailers. For more information, contact Gary Colby, Ashley Furniture Industries, Inc., 1 Ashley Way, Arcadia, WI 54612; 608-323-3377; Email: gcolby@ashleyfurniture.com; Web site: www.ashleyfurniture.com. Country Curtains Retail, Inc. trades as Country Curtains at 25 locations throughout CT, DE, IL, MA, MD, NH, NJ, NY, OH, RI, VA and VT. The stores, offering home furnishings, window treatments and related accessories, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in freestanding locations and lifestyle centers, as well as downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred demographics include a trade-area population earning $75,000 as the average household income. For more information, contact Marilyn Hansen, Country Curtains Retail, Inc., 705 Pleasant Street, Lee, MA 01238; 413-243-1474 or 413-394-6235, Fax 413-243-0616; Web site: www.countrycurtains.com.
Marburn Stores, Inc. trades as Marburn Curtain Warehouse at 20 locations throughout NJ and Long Island and Rockland County in NY, as well as PA. The stores, offering window treatments and related items, as well as home furnishings and bedding and bath products, occupy spaces of 6,500 sq.ft. to 7,000 sq.ft. in freestanding locations and power, specialty and strip centers. Growth opportunities are sought throughout NJ, NY and PA during the coming 18 months. Preferred cotenants include Home Depot, T.J. Maxx, Kohl’s, Marshalls, HomeGoods and Lowe’s Home Improvement. For more information, contact Richard Perez, Marburn Stores, Inc., 225 Walker Street, Cliffside Park, NJ 07010; 201-943-0222, Fax 201-9454242; Email: rrahme@marburn.com; Web site: www.marburn.com. The Home Depot of Canada trades as The Home Depot at 180 locations throughout Canada. The home improvement stores, offering appliances; building and lumber supplies; electrical, flooring, paint and lighting items; hand and power tools and lawn and garden items, occupy spaces of 60,000 sq.ft. to 100,000 sq.ft. in freestanding locations and power centers. Limited growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Robert Frodyma, The Home Depot of Canada, 1 Concorde Gate, Suite 900, Toronto, Ontario, Canada, M3C 4H9; 416-412-4239, Fax 416-412-4114. (continued on page seven)
This issue contains information on:
* Retailers operating 45,878 locations with plans to open 4,118 sites * Real estate valued in excess of $499.7 million to be bought, sold & financed * Leasing activity on over 5.9 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus New Construction Jim Wilson & Associates, LLC is preleasing a 353,500 sq.ft. project in Cullman, AL.......... Pg. 3 Buyers and Sellers Grubb & Ellis Co. is selling a 99,789 sq.ft. center in Littleton, CO.......................... Pg. 4 Food Retailers Expand Panera Bread seeking sites throughout DE, NJ and PA..... Pg. 5 Openings Yogurtland plans to operate 550 frozen yogurt shops nationwide by 2015.............. Pg. 6 Exclusives Atlantic Retail Properties represents retailers throughout markets in FL......................... Pg. 7 In the News Velocity Retail Group names Chip Thor as vice president.... Pg. 8 Sources of Financing Holliday Fenoglio Fowler, LP arranged $118 million for the refinancing of a center in Crystal City, VA..................... Pg. 10 Lease Signings Veritas Realty negotiated leases throughout IN.............. Pg. 10 Lead Sheet Gordman’s Stores looks to enter UT................................ Pg. 12 Big Lots to open locations in FL, GA, MD, NC, SC, TN and VA......................................... Pg. 14 Space Place........................... Pg. 16
For more news go to: www.dealmakers.net Mobile Access Code: nf091611
Retail Opportunities GREAT SOUTH BAY WEST BABYLON, NEW YORK Anchor Space up to 200,000 SF; Retail Shops up to 10,300 SF Available • Situated directly on the heavily trafficked Montauk Highway (Route 27A), one of Long Island’s major arteries that connects Nassau and Suffolk Counties and Queens • Preeminent power center on Montauk Highway servicing South Central Nassau County • Join Bed Bath & Beyond, Marshalls, LA Fitness, Ann Taylor Loft, Panera Bread, Rite Aid, Old Navy, Lane Bryant, Party City, Jo-Ann, and Dollar Tree
MANHASSET SHOPPING CENTER
MANHASSET, NEW YORK 1,524 to 7,000 SF Retail Space Available • Situated directly on Northern Boulevard (25A), Long Island’s main east-west thoroughfare connecting Nassau and Suffolk Counties and Queens, just minutes of I-495 • Located in Long Island’s most affluent region: Manhasset median family income $158,939 • Join Crate & Barrel, Abercrombie & Fitch, Lululemon Athletica, Urban Outfitters, J.Crew, White House | Black Market, Gap, and Sephora
PARKCHESTER BRONX, NEW YORK 649 to 7,244 SF Retail Space Available • 129 acres of retail stores, restaurants, professional offices and residential apartment buildings which are home to over 43,000 residents • Easily accessible from I-95 (Cross Bronx Expressway), I-278 (Bruckner Expressway), Bronx River Parkway, Tremont Avenue and Westchester Avenue • Join Macy’s, Walgreens, Starbucks, Sleepy’s, Food Town, and Bowtie Cinemas
THIRD AVENUE at 60TH STREET
MANHATTAN, NEW YORK Up to 12,534 SF Contiguous Retail Space on Two Levels Available • • • • •
Located in Midtown Manhattan across from Bloomingdale’s Unparalleled location at a prime office, retail, residential and transportation hub Combined 12,534 SF ground and 2nd floor retail Existing installation ideal for national flagship or high-end restaurant Join Dylan’s Candy Bar, Mephisto Shoes, and Starbucks
ST. DAVID’S SQUARE RADNOR (PHILADELPHIA), PENNSYLVANIA 1,867 to 3,049 SF Retail Space Available • Located off I-476/Blue Route in suburban Philadelphia’s affluent Main Line region • East Lancaster Avenue (Route 30) is the primary retail shopping hub in the area • Main Line boasts the highest average home values and household income in Philadelphia and its suburbs • Join Bed Bath & Beyond, T.J.Maxx, HomeGoods, and Genuardi’s Supermarket
Visit our new website for more information!
www.mpi-re.com
STABILITY. DIVERSITY. GROWTH.
654 Madison Avenue New York, New York 10065 T 212.935.1330 F 212.832.5369 leasing@mpi-re.com
New Construction Hayes-Kaufman is preleasing a 20,000 sq.ft. expansion to Fenn Road Plaza, located at the intersection of Fenn Road and Cedar Street/ Route 175 in Newington, CT. Spaces from 1,600 sq.ft. to 15,000 sq.ft. are available. Stop & Shop anchors the center. Area draws include Central Connecticut College. Area demographics include a population of 217,620 within five miles earning $75,178 as the average household income. For more information, contact HayesKaufman, 151 Irving Place, Woodmere, NY 11598; 516-569-3700 or 860-646-0131, Fax 516-569-7528 or 860-644-9073.
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Customer Service....................... Bridget Thoresen custserv@dealmakers.net Founder..................................................... Ted Kraus 1979–2007
The Dealmakers (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 $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. TM
The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2011 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
Carpionato Properties, Inc. is developing the third phrase of Stonehill Marketplace, an 830,000 sq.ft. power center project located at the intersection of Route 6 and Atwood Avenue/Route 5 in Johnston, RI. Space is available. Home Depot, Burlington Coat Factory, PetSmart, Deal$ and BJ’s Wholesale Club anchor the project. Cotenants include Ruby Tuesday, Sleepy’s, Kon Asian Bistro and Aspen Dental. Area demographics include a population of 418,795 within seven miles earning $63,277 as the average household income. The average daily traffic count is 79,500 vehicles. The company is also developing Franklin Street Center, a 43,000 sq.ft. project with a 3,419 sq.ft. outlot located along Franklin Street in Westerly, RI. Area demographics include a population of 69,548 within 10 miles earning $85,243 as the average household income. The average daily traffic count is 21,300 vehicles. For more information, contact Mark Briggs, Carpionato Properties, Inc., 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800; Email: mbriggs@carpionatoproperties.com; Web site: www.carpionatoproperties.com. Realm Realty is preleasing a 35,000 sq.ft. expansion to Westford Crossing Shopping Center, located at the intersection of Littleton Road and Nixon Road in Westford, MA. Cotenants include Walgreens, Chili’s and Boost Fitness Center. Area retail includes Westford Valley Marketplace, featuring CVS, Market Basket, Dunkin’ Donuts, Jo-Ann Fabrics, RadioShack, Payless ShoeSource, Starbucks and Boston Market. Area demographics include a population of 73,518 within five miles earning $116,367 as the average household income. The average daily traffic count is 18,500 vehicles. For more information, contact Jeffrey Moore, Realm Realty, 900 Town & Country Lane, Suite 210, Houston, TX 77024; 713465-0001, Fax 713-465-3856; Email: jlmoore@realmrealty.com; Web site: www.realmrealty.com. The Dartmouth Co. is preleasing Main Street Marketplace, a 45,000 sq.ft. project located at the intersection of Route 20 and Route 117 in Waltham, MA. Spaces from 1,300 sq.ft. to 20,000 sq.ft. are available. Area retail includes Walgreens, Bank of America, CVS and Hannaford. The average daily traffic count is 34,740 vehicles. The project is slated to open during the fall. For more information, contact Scott Black or Melissa Fitch, The Dartmouth Co., 351 Newbury Street, Boston, MA 02115; 617369-5902/5925; Emails: sblack@dartco.com and mfitch@dartco.com; Web site: www.dartco.com. www.dealmakers.net
The
Dealmakers
R.J. Brunelli & Co., Inc. is preleasing a 6,228 sq.ft. freestanding building located along Route 10 East in Roxbury, NJ. Space is available from 1,264 sq.ft. Cotenants include Burger King. Area retail includes Roxbury Mall, featuring P.C. Richard & Son, Electronics Expo, Walgreens, Kohl’s, dressbarn, Famous Footwear, Mandee, Panera Bread and Fortunoff. Area demographics include a population of 77,549 within five miles earning $133,526 as the average household income. The project is slated to open next spring. For more information, contact William A. Lenaz, R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732721-5800 Ext. 15, Fax 732-721-9241; Email: wlenaz@njretailrealty.com. Pinetree Commercial Realty, LLC is preleasing Lantern Commons, a lifestyle project located at the intersection of 161st Street and U.S. Highway 31 in Westfield, IN. Shop and junior anchor spaces are available along with outlots. Area demographics include a population of 104,374 within five miles earning $82,921 as the median household income. The average daily traffic count is 31,000 vehicles. For more information, contact Tim Roe, Pinetree Commercial Realty, LLC, 40 Skokie Boulevard, Suite 610, Northbrook, IL 60062; 847-574-3322; Web site: www.pinetreecommercial.com. Milestone Associates, Inc. is redeveloping Lifestyle Place, a 65,155 sq.ft. center located along Needham Street in Newton, MA. Cotenants include Splash, Ideal Tile, Starbucks, The Vitamin Shoppe, Sleepy’s, Lakeshore Learning Store and Verizon FiOS. Area retail includes T.J. Maxx, Modell’s and Marshalls. Area demographics include a population of 1.389 million within 10 miles earning $75,734 as the median household income. The average daily traffic count is 25,200 vehicles. For more information, contact Milestone Associates, Inc., 192 Worcester Road, Natick, MA 01760; 508-650-1929, Fax 508-6501944; Email: ellen@milestoneassociates.com. Jim Wilson & Associates, LLC is preleasing Cullman Crossing, a 353,500 sq.ft. regional center project situated on 45 acres in Cullman, AL. Area demographics include a trade-area population of 313,670 earning $49,983 as the average household income. For more information, contact Woody Rush, Jim Wilson & Associates, LLC, 2660 EastChase Lane, Suite 100, Montgomery, AL 36117; 334-260-2524, Fax 334-260-2535; Email: w.rush@jwamalls.com; Web site: www.jwamalls.com. DM September 16, 2011
page 3
Buyers and Sellers Sperry Van Ness is selling a 22,026 sq.ft. center located along Easton Boulevard in Des Moines, IA. The property is 55% occupied and anchored by Advance Auto, which is bound to a lease with five years remaining on the term featuring four options. The company is also selling Oak View Plaza, a 40,200 sq.ft. center located in Hopkinsville, KY. The property is 88% occupied and anchored by Food Lion, which is bound to a lease with nine years remaining on the term. Area demographics include a population of 76,000 within five miles. The asking price is $3.683 million with a Cap rate of 8%. The company is also selling a Dollar Tree located along State Road D in Lilbourn, MO. The tenant is bound to a 15-year NNN lease commenced during September 2010 featuring five, five-year options and rent escalations of 10%. The asking price is $794,933 with a Cap rate of 9%. The company is also selling a Dollar General located along Highway 14 West in Clever, MO. The tenant is bound to a 10year NN lease commenced during March 2010 featuring four, five-year options and rent escalations of 10%. The asking price is $812,605 with a Cap rate of 9.25%. For more information regarding the Des Moines property, contact Dan Elliot or Sean Lutz, Sperry Van Ness, 30445 Northwestern Highway, Suite 345, Farmington Hills, MI 48334; 312-529-5792/5790; Emails: dan.elliot@svn.com and sean.lutz@svn.com; Web site: www.svn.com. For more information regarding the Hopkinsville property, contact Doug Passon, Sperry Van Ness|Fortis Net Lease; 248-254-3407; Email: dpasson@svn.com; Web site: www.fortisnetlease.com. For more information regarding the MO properties, contact Bryan Bender; 248-419-3810; Email: bbender@svn.com. Grubb & Ellis Co. is selling Riverside Downs, a 99,789 sq.ft. center located along West Belleview Avenue in Littleton, CO. The property is 97% leased, with tenants including 24 Hour Finess, Starbucks, At the Beach, Celtic Tavern, Office Depot, Jimmy John’s and Egg & I. Area retail includes Home Depot, Lowe’s Home Improvement, King Soopers, Walgreens, McDonald’s, Key Bank, Burger King and TCF Bank. The average daily traffic count is 132,409 vehicles. The NOI is $1.843 million. The asking price is $24.75 million with a Cap rate of 7.45%. For more information, contact Riki Hashimoto or Dan Grooters, Grubb & Ellis Co., 1401 Wynkoop Street, Suite 300, Denver, CO 80202; 303-572-5545/5520; Emails: riki.hashimoto@grubb-ellis.com and dan.grooters@grubb-ellis.com; Web site: www.grubb-ellis.com. page 4
September 16, 2011
The
Eagle Commercial Realty is selling a 5.5-acre parcel located at the intersection of Mountain Road and Interstate 295 in Hanover County, VA. Area demographics include a population of 44,730 within five miles earning $87,900 as the median household income. The average daily traffic count is 91,000 vehicles. The asking price is $895,000. For more information, contact Jeff Doxey, Peter Vick or Harrison Hall, Eagle Commercial Realty, 2250 Old Brick Road, Suite 240, Glen Allen, VA 23060; 804-217-6904/6905/6903; Emails: jeffdoxey@ecrva.com; petervick@ecrva.com and harrisonhall@ecrva.com; Web site: www.ecrva.com. United Equities Corp. is selling a 14,564 sq.ft. freestanding Rite Aid located along South Allison Avenue in Xenia, OH. The tenant is bound to a 20-year lease with 16 years remaining on the initial term featuring 10% rent escalations every 10 years. Area retail includes Walmart, Kroger and Lowe’s Home Improvement. The average daily traffic count exceeds 34,000 vehicles. The asking price is $3.942 million with a Cap rate of 9.1%. For more information, contact Arnold Kramer or Steven Kramer, United Equities Corp., 875 North Michigan Avenue, Suite 3100, Chicago, IL 60611; 312-787-2212 or 312-208-0493. Merrill Cos. is selling Ironhorse Center, located at the intersection of 151st Street and Nall Avenue in Leawood, KS. Area retail includes Walgreens, Trendz, Simmons First and Reece & Nichols. Area demographics include a population of 114,185 within five miles earning $139,987 as the average household income. For more information, contact Fred C. Merrill, Merrill Cos., 6240 West 135th Street, Overland Park, KS 66223; 913338-3800, Fax 913-647-5120; Email: fredc@merrillcompanies.com; Web site: www.merrillcompanies.com. Epsteen & Associates is selling a 139,410 sq.ft. former Lowe’s Home Improvement with a 31,659 sq.ft. garden center situated on 12.54 acres at the intersection of Highway 18 and Dale Evans Parkway in Apple Valley, CA. Area retail includes CVS, Ralphs, Target, Ross Dress for Less, Dollar Tree, Walmart and Albertsons. For more information, contact Michael Borman or Maryl Haire, Epsteen & Associates, 1429 4th Street, Santa Monica, CA 90401; 310-451-8171 Ext. 246/229; Emails: mborman@epsteen.com and mhaire@epsteen.com; Web site: www.epsteen.com. Dealmakers
www.dealmakers.net
Calkain Realty Advisors is selling an 11,434 sq.ft. The Learning Experience situated on 1.68 acres in Richmond, VA. The tenant is bound to a 15-year NNN lease commenced during January 2010 that features 12% rent escalations every five years and two, five-year options. The average daily traffic count exceeds 24,000 vehicles. The NOI is $263,450. The asking price is $3.1 million with a Cap rate of 8.5%. The company is also selling a 10,530 sq.ft. Growing Kids Academy located in Fredericksburg, VA. The tenant is bound to a 20-year lease set to expire during December 2029 featuring annual rent escalations of 2.5%. The NOI is $281,056. The asking price is $4.015 million with a Cap rate of 7%. The company is also selling a 10,530 sq.ft. Lake Manassas Academy at Cosner’s Corner, located in Gainesville, VA. The tenant is bound to a 20-year lease set to expire during December 2026 featuring annual rent escalations of 3%. The NOI is $382,344. The asking price is $5.462 million with a Cap rate of 7%. The company is also selling Shops at Rio Road, a 14,736 sq.ft. center situated on 1.529 acres in Charlottesville, VA. Tenants include Sprint, The Vitamin Shoppe, Mattress Discounters, Jimmy John’s and Sport Clips. Area retail includes Fashion Square Mall. The average daily traffic count is 88,000 vehicles. The NOI is $598,963. The asking price is $7.986 million with a Cap rate of 7.5%. For more information regarding the Richmond, Fredericksburg and Gainesville properties, contact Betty Learned Friant, Calkain Realty Advisors; 703-787-4714 Ext. 16; Email: bfriant@calkain.com; Web site: www.calkain.com. For more information regarding the Charlottesville property, contact Rick Fernandez; 703-787-4732; Email: rfernandez@calkain.com. Hallmark & Johnson Properties, Ltd. is selling a 12.2-acre parcel located along Old Plank Road Trail in New Lenox, IL. Area retail includes Nelson Plaza Shopping Center, featuring Jewel-Osco. For more information, contact John R. Bansley, Hallmark & Johnson Properties, Ltd., 7101 North Cicero Avenue, Lincolnwood, IL 60712-2212; 847-9339000 Ext. 217, Fax 847-933-1989; Web site: D www.hallmark-johnson.com. M
join our group on linkedin: linkedin.com search: dealmakers magazine
Food Retailers Expand Nationwide Swirls and Twirls Frozen Yogurt operates one location in Massapequa, NY. The self-serve frozen yogurt shop prefers to occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in power centers. Plans call for 15 openings throughout Nassau and Suffolk counties in NY during the coming 18 months, with representation by Breslin Realty Development Corp. Typical leases run 10 years. Preferred cotenants include supermarkets. Preferred demographics include a trade-area population earning more than $80,000 as the average household income. Major competitors include Pinkberry and Red Mango. Planet Wings, through a franchisee, operates two locations in Queens, NY. The take-out and delivery restaurants, offering wings, burgers and burritos, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in freestanding locations and pad sites and inline spaces of shopping centers. Plans call for five to six openings annually throughout Nassau, Suffolk and Queens, NY during the coming 18 months, with representation by Breslin Realty Development Corp. Typical leases run 10 years with options. Preferred cotenants include restaurants and movie theaters. The company prefers to locate near high schools or colleges, and will consider spaces in high-profile strip centers. For more information, contact Jeb Bellsey, Breslin Realty Development Corp., 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 267, Fax 516-741-5621; Email: jbellsey@breslinrealty.com; Web site: www.breslinrealty.com. Wing Zone operates 100 locations nationwide. The restaurants occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in freestanding locations, downtown areas, universities and entertainment, outlet, specialty, strip and value centers. Plans call for 12 openings along the East Coast, with a focus on the southeastern region, as well as in the midwestern region of the U.S., during the coming 18 months, with representation by APE Realty, Inc. Typical leases run five years with five-year options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 40,000 within three miles. Major competitors include Buffalo Wild Wings, Wing Stop and Wings to Go. Expansion is franchise-driven. A land area of 0.3 acres to 0.5 acres is required for freestanding locations, and the company will consider ground leases. The company requires site submittals to be sent via email. For more information, contact Mark Camara, APE Realty, Inc., 4491 West Whitewater Avenue, Weston, FL 33332; Email: mcamara@aperealty.com; Web site: www.aperealty.com.
Starbucks operates more than 17,000 locations nationwide and internationally. The coffee shops occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Nassau and Suffolk counties in NY during the coming 18 months, with representation by Sabre Real Estate Group. Typical leases run 10 years with options. A drive-thru is required for freestanding locations. The company prefers to locate in areas with strong demographics and high visibility. For more information, contact Russel Helbling, Sabre Real Estate Group, 500 Old Country Road, Garden City, NY 11530; 516-574-8070 Ext. 506; Email: russel@sabreny.com; Web site: www.sabreny.com. Panera Bread operates more than 1,400 locations nationwide throughout 40 states, as well as in Canada. The cafes, offering sandwiches, soups, salads and desserts, occupy spaces of 4,500 sq.ft. to 5,000 sq.ft. in pad sites and endcaps of shopping centers. Growth opportunities are sought throughout DE, Ocean and Monmouth counties in NJ and Lehigh Valley, central PA and the greater Philadelphia, PA area during the coming 18 months, with representation by Fameco Real Estate, LP. For more information, contact Brandon Famous or Richard Schuch, Fameco Real Estate, LP, 633 Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793; Emails: bfamous@famecoretail.com and rschuch@famecoretail.com; Web site: www.famecoretail.com. Bertucci’s Corp. trades as Bertucci’s at 95 locations throughout CT, DE, MA, MD, NH, NJ, NY, RI, PA, VA and Washington, DC. The Italian restaurants occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of lifestyle and strip centers. Growth opportunities are sought throughout CT, DE, MA, ME, NH, NJ, NY, RI, PA, VA, VT and Washington, DC during the coming 18 months. Preferred demographics include a population of 100,000 within five miles earning $75,000 as the average household income. The company will also consider conversions of existing restaurant spaces. For more information, contact James Quackenbush, Bertucci’s Corp., 155 Otis Street, North Borough, MA 01754; 508351-2500, Fax 508-393-8046; Email: jquackenbush@bertuccis.com; Web site: www.bertuccis.com. www.dealmakers.net
The
Dealmakers
Five Guys Famous Burgers and Fries operates more than 750 locations nationwide throughout 40 states, as well as in Canada. The fast-casual restaurants, offering burgers, fries and hot dogs, occupy spaces of 2,500 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought, on behalf of a franchisee, throughout central AL during the coming 18 months, with representation by Harbert Realty Services. Typical leases run 10 years. The company prefers sites with a patio space. For more information, contact Stutts Everette, Harbert Realty Services, 2 North 20th Street, Suite 1700, Birmingham, AL 35203; 205-458-8139, Fax 205-323-2026; Email: severette@harbertrealty.com; Web site: www.harbertrealty.com. D’Angelo Franchising Corp. trades as D’Angelo Grilled Sandwiches at 200 locations throughout CT, MA, ME, NH and RI. The sandwich shops occupy spaces of 1,500 sq.ft. in freestanding locations and endcaps of shopping centers. Plans call for eight to 10 openings throughout New England during the coming 18 months. Typical leases run five years with options. Specific improvements are required. The company is franchising, and will also consider locations in universities, hospitals and industrial parks. For more information, contact Michael Rodelle, D’Angelo Franchising Corp., 600 Providence Highway, Dedham, MA 02026; 781-467-1792, Fax 781-329-8796; Email: mrodelle@papaginos.com; Web site: www.dangelos.com. Chick-fil-A operates more than 1,500 locations nationwide throughout 39 states and Washington, DC. The fast food chicken restaurants occupy freestanding locations situated on parcels of one acre in power, regional and strip centers. Growth opportunities are sought throughout FL, excluding the Orlando and Tampa markets, during the coming 18 months, with representation by Katz & Associates Corp. The company prefers to acquire sites. For more information, contact David Emihovich, Katz & Associates Corp., 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-361-7232, Fax 561-361-7276; Email: demihovich@dkatz.com; Web site: D www.katzassociates.com. M
Like us on facebook: facebook.com/thedealmakers September 16, 2011
page 5
Who’s Opening and Where Wal-Mart Stores, Inc. (479-273-4000) will open a Walmart Supercenter at the intersection of 83rd Street and Stewart Avenue in the South Side area of Chatham, IL, as part of a plan to open nine locations throughout the city during the coming several years. The store is slated to open next spring. The company also plans to open a Supercenter at the intersection of 111th Street and South Doty Avenue in the city during spring 2013, as well as three Walmart Market stores in the West Loop, West Englewood and West Chatham areas; and four Walmart Express locations in West Englewood, West Chatham, River North and Wrigleyville, all slated to open between this fall and next winter.
Whole Foods Market, Inc. (512-477-4455) will open a 20,000 sq.ft. Whole Foods Market grocery store along Mack Avenue between Woodward Avenue and John R. Street in the Midtown area of Detroit, MI. The store is smaller than the typical Whole Foods Market location, will be the company’s sixth in the state and is slated to open during spring 2013. The company also plans to open a 34,000 sq.ft. store at Friendly Center, located in Greensboro, NC. The store is slated to open next spring, and will be the company’s first in the city. The company currently operates more than 300 specialty supermarkets nationwide and throughout Canada and the United Kingdom.
Bridgestone Corp. (615-937-1000) plans to open a 7,000 sq.ft. Firestone Complete Auto Care auto service center at The Marketplace at Hanford, located along 12th Avenue in Hanford, CA, as part of a plan to open as many as 75 locations nationwide during the coming five years. The store is slated to open during November and will join Target at the center. The company also plans to open a Firestone location along Belair Road in Perry Hall, MD during late December or early January. The company operates 2,000 locations, under trade names including Firestone, Tires Plus and ExpertTire, nationwide.
Fareway Stores, Inc. (515-432-2623) will open a 38,000 sq.ft. Fareway store in a former Toys “R” Us at Regent Plaza, located along Sergeant Road in Sioux City, IA. The store will replace an existing, smaller location at Transit Plaza, located along Transit Avenue in the city, and is slated to open next year. The new location will feature expanded meat and produce sections, as well as an expanded variety of grocery items. The company currently operates 100 locations throughout IA, IL, MN and NE.
Nordstrom, Inc. (206-628-2111) will open a Nordstrom Rack store in part of a former Strawbridge’s department store at Willow Grove Park Mall, located in Willow Grove, PA. JCPenney also plans to open a location in part of the Strawbridge’s space. Both stores are slated to open next year, joining The Cheesecake Factory at the center. The company currently operates 214 locations nationwide throughout 29 states, including 116 full-line Nordstrom stores, 95 Nordstrom Rack locations, two Jeffrey boutiques and one clearance store. Delhaize Group (704-633-8250) plans to open three Bottom Dollar Food grocery stores in Youngstown, OH. Two of the stores will be on the south side of the city, with the third slated for the west side. All three stores are projected to open by early next year. The company currently operates 47 Bottom Dollar Food locations throughout MD, NC, NJ, PA and VA. James Avery Craftsman, Inc. (830-895-1122) plans to open a James Avery jewelry store in Charlotte, NC, as part of a plan to expand throughout the southeastern region of the U.S. The company currently operates 62 jewelry stores throughout AL, AR, GA, LA, OK, TN and TX. page 6
September 16, 2011
The
Hot Head Burritos (937-395-3611), through a franchisee, will open a restaurant along Main Street in Hamilton, OH early next year. The franchisee also plans to open a restaurant along Fields Ertel Road in Mason, OH early next month, as well as a location in Butler County, OH early next year. The company plans to enter the IN market, and projects opening 20 restaurants by year’s end. The company currently operates 18 locations throughout northern KY, OH and PA. Goodwill of Southwestern Pennsylvania (412-481-9005) plans to open a 15,500 sq.ft. Goodwill Industries thrift store and donation center on 2.2 acres in Robinson, PA. The store is slated to open by year’s end. Books-A-Million, Inc. (205-942-3737) plans to open a 19,300 sq.ft. Books-A-Million bookstore in a former Borders at Kennedy Mall, located in Dubuque, IA. The store is slated to open before the holiday season. The company currently operates more than 200 locations nationwide throughout 23 states and Washington, DC. Costco Wholesale Corp. (425-313-8100) plans to open a 148,000 sq.ft. Costco wholesale club on 17 acres near the intersection of State Street and Ellsworth Road in Pittsfield, MI. The store will feature gasoline facilities and is slated to open next spring. Dealmakers
www.dealmakers.net
Cabela’s, Inc. (308-254-5505) plans to open a 100,000 sq.ft. Cabela’s store at the interchange of Perry Road and Interstate 540 in Rogers, AR. The store will be the company’s first in the state. Construction on the store will begin early next year, with an opening projected for that summer. The company also plans to open stores in Wichita, KS and Tulalip, WA, as well as in Saskatoon and Saskatchewan, Canada, next year. The stores feature hunting, fishing, camping, hiking, boating and other outdoorrelated equipment, apparel and gear, as well as gifts and furnishings. TJX Cos., Inc. (508-390-1000) plans to open a HomeGoods store at Litchfield Crossings, a 282,000 sq.ft. project being developed in phases on 30 acres along Danbury Road in New Milford, CT. Kohl’s also plans to open an anchor store at the site. The stores will join AT&T Mobility and Union Savings Bank at the center. The company currently operates 2,700 locations nationwide under the T.J. Maxx, Marshalls, HomeGoods and A.J. Wright trade names. Ross Stores, Inc. (925-965-4400) projects 60 new Ross Dress for Less stores nationwide this year, as part of a plan to eventually operate 1,500 locations nationwide. Planned openings include stores in the Chicago, IL area slated to open next month, including locations in Algonquin, Arlington Heights, Bloomingdale, Crystal Lake, Matteson, Naperville, Niles, Orland Park, Rockford, Schaumburg, Skokie and South Elgin, IL. The company currently operates 1,076 stores nationwide throughout 27 states, including 998 Ross Dress for Less stores and 78 dd’s Discounts locations. Dunham’s Athleisure Corp. (248-674-4991) plans to open a 60,000 sq.ft. Dunham’s Sports store at Springfield Plaza, located along Upper Valley Pike in Springfield, OH. The store will be the company’s second in the Dayton area, and will join Ollie’s Bargain Outlet, Jo-Ann Fabrics, SherwinWilliams and CosmoProf at the center. The company currently operates more than 160 sporting goods stores throughout the midwestern and northeastern regions of the U.S. Yogurtland (714-939-7737) plans to operate 550 self-serve frozen yogurt shops nationwide by 2015, including 50 openings projected by year’s end. The company recently opened a location along Stockdale Highway in Bakersfield, CA, and currently operates 150 units nationwide throughout 16 states, as D M well as internationally.
Home-Related Chains Expand Nationwide (continued from page one)
Self Serve Lumber Co. trades as Self Serve Lumber at 20 locations throughout MI. The home improvement stores occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations. Plans call for one opening within the existing market during 2012. Preferred demographics include a trade-area population of 5,000. Major competitors include Home Depot, Lowe’s Home Improvement and Menards. A land area of two acres is required. The company prefers to acquire sites. For more information, contact William Schwannecke, Self Serve Lumber Co., 1621 South Wheeler Street, Saginaw, MI 48602; 989-790-9510, Fax 989-790-9585; Email: bills@selfservelumber.com; Web site: www.selfservelumber.com. Mattress Giant Corp. trades as Mattress Giant at 322 locations throughout DE, FL, GA, IL, MA, MD, ME, MN, MO, NH, NJ, PA, RI and TX. The stores, offering mattresses, mattress springs and frames and pillows, occupy spaces of 2,800 sq.ft. to 3,500 sq.ft. in power and specialty centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run three to five years. A turnkey or tenant improvement allowance is required. Preferred
cotenants include Bed Bath & Beyond, JCPenney, Target, Kohl’s, Lowe’s Home Improvement, T.J. Maxx, Home Depot and Walmart. Preferred demographics include a population of 50,000 within five miles earning $50,000 to $150,000 as the median household income. Major competitors include Mattress Firm, Sleepy’s, Mattress One and Sleep Experts. For more information, contact Sam Cantey, Mattress Giant Corp., 14665 Midway Road, Suite 100, Addison, TX 75001; 972-392-2202, Fax 972-770-0168; Email: scantey@earthlink.net; Web site: www.mattressgiant.com. Ace Hardware Corp. trades as Ace Hardware at 4,600 locations nationwide and internationally. The home improvement stores, offering tools and hardware supplies, as well as home and garden, electrical, plumbing, outdoor, paint and automotive items, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations and endcaps of neighborhood shopping centers. Growth opportunities are sought throughout AL, AR, FL, GA, southern IL, KS, KY, LA, MO, MS, OK, TN, TX and WV during the coming 18 months. Typical leases run 10 years with options. A land area of at least 1.3
acres is required for freestanding locations. The company will consider new construction opportunities. For more information, contact Shawn Robertson, Ace Hardware Corp., 380 Dahlonega Street, Suite 212, Cumming, GA 30040; 770-205-2881; Email: srobe1@acehardware.com; Web site: www.myace.com. Haverty Furniture Cos., Inc. trades as Havertys Furniture at 120 locations throughout AL, AR, FL, GA, IN, KS, KY, LA, MD, MO, MS, NC, OH, SC, TN, TX and VA. The stores, offering office, bedroom, living room, media room and dining room furniture, as well as home accents including rugs, lamps and tables, occupy spaces of 30,000 sq.ft. to 45,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout FL, IN, MD, NC, OH, OK, SC, TX and VA during the coming 18 months. A land area of three to four acres is required for freestanding locations. For more information, contact Jeffrey Etherton, Haverty Furniture Cos., Inc., 780 Johnson Ferry Road, Suite 800, Atlanta, GA 30342; 404-443-4352, Fax 404-443-4176; D Web site: www.havertys.com. M
Exclusives and Leasing Assignments Corporate Realty Advisors (781-396-5400) represents the following retailers with their expansion plans: Buffalo Wild Wings, throughout southern MA and RI, seeking spaces of 6,000 sq.ft. in urban and suburban areas; Bourbon Coffee, throughout the greater Boston, MA area, occupying spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers; Redbones, throughout Boston, MA inside Route 128, occupying sites of 7,000 sq.ft. in urban areas; Super Shoes, throughout New England outside of the Boston, MA metropolitan area, utilizing spaces of 15,000 sq.ft. in freestanding locations and endcaps of shopping centers; Darden Restaurants, throughout the northeastern region of the U.S., seeking sites of 5,800 sq.ft. to more than 10,000 sq.ft. in freestanding locations situated on a land area of more than 1.5 acres,
as well as endcaps of shopping centers, and Dave & Buster’s, throughout New England, occupying spaces of 16,000 sq.ft. to 55,000 sq.ft. Next Realty Mid-Atlantic, LLC (703-4424500) represents the following retailers with their expansion plans: Michaels, throughout the Washington, DC and Baltimore, MD metropolitan areas, seeking spaces of 20,000 sq.ft.; Dunkin’ Donuts, throughout select markets within the Washington, DC and Baltimore, MD metropolitan areas, seeking sites of 1,200 sq.ft. to 1,800 sq.ft.; Ace Hardware, throughout MD, northern and central VA and the Washington, DC metropolitan area, occupying sites of 4,000 sq.ft. to 15,000 sq.ft.; Gibsons, throughout Washington, DC, utilizing spaces of 9,000 sq.ft. to 15,000 sq.ft., and Jimmy John’s,
throughout select markets in northern VA, seeking sites of 2,000 sq.ft. Atlantic Retail Properties (561-427-6699) represents the following retailers with their expansion plans: Vitamin World, throughout FL, seeking spaces of 2,000 sq.ft. to 3,000 sq.ft.; Tijuana Flats, along the eastern coast of FL from Daytona to Miami, seeking sites of 2,500 sq.ft.; Energy Kitchen, along the eastern coast of FL from Daytona to Miami, occupying spaces of 2,200 sq.ft. to 2,500 sq.ft.; Little Caesar’s, throughout Palm Beach and Martin counties in FL, utilizing spaces of 1,200 sq.ft. to 1,500 sq.ft.; MiniLuxe, throughout Broward, Dade and Palm Beach counties in FL, seeking sites of 1,000 sq.ft. to 1,500 sq.ft., and Einstein Bros. Bagels, throughout southern FL, occupying sites of 2,400 sq.ft. to 3,000 sq.ft. DM
Get listed in the dealmakers magazine… for free! we want to market your projects!
Submit your project information easily at www.dealmakers.net/FreePublicity.aspx www.dealmakers.net
The
Dealmakers
September 16, 2011
page 7
Real Estate Professionals Making the News Midland Atlantic (317-580-9900) recently launched its property management division, and hired Patty Scott as property manager. The company is a full-service real estate firm specializing in development, leasing, acquisition, management and brokerage of retail properties throughout the midwestern and mid-Atlantic regions of the U.S. Lee & Associates – LA North/Ventura, Inc. (805-626-1200) hired Dennis Herzig as a vice president. He specializes in the acquisition and sale of retail and office properties throughout the San Fernando Valley and southern CA.
Tanger Factory Outlet Centers, Inc. (336292-3010) promoted Thomas E. McDonough from executive vice president of operations to chief operating officer. McDonough specializes in REIT management, leasing, acquisition, asset management, development and redevelopment. Prior to joining the company, he served as chief investment officer at Equity One, and as a partner at Kahl & Goveia Commercial Real Estate. The company is a publicly-traded REIT headquartered in Greensboro, NC that owns, operates or has an ownership interest in 37 upscale outlet centers totaling 11.4 million sq.ft. nationwide throughout 25 states.
ROCK SOLID &
GROWING STRONG ✓ ✓ ✓ ✓
GROWING STRONG… Over 4,700 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 AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,450 stores in 48 U.S. states plus the District of Columbia & Puerto Rico and over 260 stores in Mexico.
Transwestern (713-270-3336) opened an office in Greenwich, CT. Tom Ashforth, principal, will head the office, which will provide tenant and landlord representation services, as well as investment services for buyers and sellers of commercial real estate throughout Fairfield and Westchester counties in CT. The company specializes in commercial real estate services, investment and development nationwide. Glimcher Realty Trust (614-621-9000) named Neil Van Winkle as vice president, legal leasing. He specializes in legal counsel for real estate acquisitions and dispositions, construction and permanent financing, retail project development and anchor tenant leasing. Prior to the appointment, he served as senior transactional attorney for the company, and previously served as inhouse counsel for Wendy’s and Developers Diversified Realty Trust. The company is a real estate investment trust specializing in the ownership, management, acquisition and development of malls. Velocity Retail Group (602-682-8165) hired Chip Thor as vice president of the company’s tenant advisory services division. The company, headquartered in Phoenix, AZ, is a commercial real estate firm specializing in the leasing and sale of shopping centers, tenant representation, consulting services and development and redevelopment of retail real estate throughout the southwestern region of the U.S. Inland Western Retail Real Estate Trust, Inc. (877-646-5263) hired Angela Aman as director of capital markets. She will be responsible for developing and implementing the company’s corporate strategy in collaboration with the executive management team. Prior to joining the company, she served as a portfolio manager at RREEF, where she was also a member of the company’s North American investment group. The company is a real estate firm that owns and operates a portfolio of 264 power, lifestyle and community and neighborhood shopping centers, as well as single-tenant retail properties, nationwide throughout 35 states.
www.autozonerealestate.com SITE CRITERIA • • • •
Stores typically range from 6,500 square feet to 8,000 square feet Must accommodate between 25 and 40 uncongested, customer-friendly parking spaces We require up-front, high-impact locations with excellent visibility & access from adjacent streets Land purchases (preferred), existing building leases, and ground leases are all considered
STORE DEVELOPMENT DEPT. • P.O. BOX 2198 • MEMPHIS, TN 38101 • FAX: 901.495.8969 ©2011 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.
page 8
September 16, 2011
The
Dealmakers
www.dealmakers.net
Colliers International (302-229-3055) hired Rick Kingery as a member of the company’s brokerage team. He will operate out of the company’s Wilmington, DE office and specialize in retail and office properties. Prior to joining the company, he served at Patterson Woods and Associates, LLC. DM
follow us on twitter: @dealmakersmag
Lease Signings
Sources of Financing Cornerstone Capital Corp. provides financing for the acquisition and construction of commercial, multifamily, office, medical and warehouse properties, as well as permanent financing. Loans are available in amounts from $2.5 million to $300 million featuring a floating interest rate. For more information, contact Peter Paras Jr. or Andrew Kraus, Cornerstone Capital Corp., 655 Metro Place South, Suite 720, Dublin, OH 43017; 614-7613585/3812, Fax 614-761-7609; Emails: pparas@cornerstonecapitalcorp.com and akraus@cornerstonecapitalcorp.com; Web site: www.cornerstonecapitalcorp.com. Holliday Fenoglio Fowler, LP arranged $118 million on behalf of Lowe Enterprises for the refinancing of Century Center I and II, a two-building mixed-use complex featuring a 65,797 sq.ft. ground-floor retail component and a 560,207 sq.ft. office component at the intersection of Crystal Drive and South Clark Street in Crystal City, VA. The loan, obtained through Wells Fargo Bank, features a five-year term and an adjustable interest rate. Tenants at the property include Buffalo Wild Wings, Seattle’s Best and Pizza Autentica. For more information, contact Cary Abod, Bill Asbill or Bob Donhauser, Holliday Fenoglio Fowler, LP, 1627 I Street Northwest, 12th Floor, Washington, DC 20006; 202533-2500, Fax 202-533-2510; Email: cabod@hfflp.com; Web site: www.hfflp.com. F.S. Miller, Inc. provides financing for mixed-use, office, medical, multifamily and storage properties throughout Denver, CO; Miami, FL; Atlanta, GA; Chicago, IL; Boston, MA; Portland, OR; Philadelphia, PA; New York, NY; Memphis and Nashville, TN; Austin, Dallas and Houston, TX, and Seattle, WA. Loans are available in amounts from $2 million to more than $30 million, featuring a maximum loan-to-value ratio of 75%. For more information, contact Frank S. Miller, F.S. Miller, Inc., 29-27 Queens Plaza North, 2nd Floor, Long Island City, NY 11101; 718-707-2866, Fax 917-210-3007; Email: D fsm720@aol.com. M
read the issues online in our new interactive format at www.dealmakers.net page 10
September 16, 2011
Veritas Realty (317-472-1800) negotiated the following leases throughout IN: with Coyles Odds and Ends Collectibles for 1,400 sq.ft. and with Blue River Village for 14,200 sq.ft. at Bel-Aire Shopping Center, located along SR 44 in Shelbyville, with the company representing the landlord, Mer-Car Corp., in the transaction; with Allied Cash Advance for 1,472 sq.ft., Panera, LLC for 5,051 sq.ft. and with Spirit Halloween Superstores for 12,000 sq.ft. at McGalliard Mall, located along McGallilard Road in Muncie, with the company representing the landlord, Muncie Mall Shoppes, LLC, in the transactions; with Potter Family Eye Care for 1,508 sq.ft. at McCordsville Commons, located along West Broadway in McCordsville, with the company representing the landlord, McCordsville Commons, LLC, and Baldwin Cos. representing the tenant in the transaction, and with Emani Nails for 1,600 sq.ft. at Windermere Place, located along East 96th Street in Fishers, with the company representing the landlord, 10600 Property Group, LLC, in the transaction. DLC Management Corp. (914-631-3131) signed the following leases: with Sport Clips for 1,111 sq.ft. at Crossroads Shopping Center in Schererville, IN; with Internet Café for 1,600 sq.ft. at Marketplace at Ocala in Ocala, FL; with Yo! Taco for 1,883 sq.ft. and with Pharaoh’s for 2,720 sq.ft. at College Plaza in Ft. Meyers, FL; with Perfect Spa Beauty School for 2,200 sq.ft. at Crossroads South Shopping Center in Jonesboro, GA; with T-Mobile for 3,750 sq.ft. at Northern Lights Shopping Center in Columbus, OH; with San Antonio Grill for 4,600 sq.ft. at The Shoppes at Letson Farms in McCalla, AL; with Longobardi’s Restaurant for 5,000 sq.ft. at Imperial Plaza in Wappinger Falls, NY, and with Tuesday Morning for 8,020 sq.ft. at Florence Square in Florence, AL. Tucker Development Corp. (847-926-9999) negotiated a lease with AT&T Mobility for 1,000 sq.ft. at Huntley Grove, a 350,000 sq.ft. center located at the intersection of Route 47 and Kreutzer Road in Huntley, IL. The center is anchored by a 176,000 sq.ft. Walmart Supercenter, with cotenants including State Farm Insurance, T-Mobile, AutoZone, The UPS Store, Tropical Smoothie Cafe and Jimano’s Pizzeria. WS Development (617-232-8900) negotiated a lease with J.Crew for 6,000 sq.ft. at Legacy Place, located in Boston, MA. Cotenants at the center include Sephora, Apple, WilliamsSonoma, Brooks Brothers, Johnston & Murphy, Orvis, Whole Foods Market, L.L. Bean, Showcase Cinema de Lux and Kings.
The
Dealmakers
www.dealmakers.net
Retail Solutions (512-474-5557) negotiated a lease with Allstate Insurance for 927 sq.ft. at Cannon West, located along Westgate Boulevard in Austin, TX. The company represented the landlord and Southwest Strategies Group represented the tenant in the transaction. The company also negotiated a lease with City Blends for 1,799 sq.ft. and a lease renewal with Tan It All for 2,288 sq.ft. at Hester’s Crossing, located along South 135 in Round Rock, TX. The company represented the landlord in both transactions. GBT Realty Corp. (615-370-0670) negotiated the following leases at The Shoppes of Madison, located along U.S. Highway 72 in Madison, AL: with Pie in the Sky, Fulin’s, Dollar Tree, Kinnucan’s Outdoors, Great Clips, Rack Room Shoes, AT&T Mobility, Maurices, Petco, Sunset Tanz, Tiffany Nail Spa, Which Wich and Zen Berry. Renaud Consulting (703-404-2346) negotiated a lease with Asia Nine Bar & Lounge for 3,131 sq.ft. along Westwood Center Drive in Vienna, VA. The company represented the landlord, American Realty Partners, in the transaction. The Chambers Group (704-752-8350) negotiated a lease with Burlington Coat Factory for 48,000 sq.ft. at Woodlawn Marketplace, located at the interchange of South Boulevard and Woodlawn Road in Charlotte, NC. Cotenants at the center include T.J. Maxx and Family Dollar. The company represented the tenant in the transaction. Centers Business Management (310-5751517) negotiated the following leases throughout CA: with Metro PCS for space along Victory Boulevard in Van Nuys, with Silva for space along Balboa Boulevard in Northridge, and with Smile Brand Dental for space along Washington Boulevard in Pico Rivera. Mid-America Real Estate-Michigan, Inc. (248855-6800) negotiated a lease with Jimmy John’s for 1,200 sq.ft. at the intersection of Maple Road and Telegraph Road in Bloomfield, MI. The company represented the tenant in the transaction. Winick Realty Group, LLC (212-792-2600) negotiated a sublease with Aaron Basha for 900 sq.ft. of a former Ivanka Trump storefront along Madison Avenue between 61st Street and 62nd Street in New York, NY. The site includes a 600 sq.ft. basement space. DM
Lead Sheet Michaels Stores, Inc. dba Michaels Arts & Crafts Lance Weibye 8000 Bent Branch Drive Irving, TX 75063 972-409-1300, Fax 469-759-5593 Email: weibyel@michaels.com Web site: www.michaels.com
Arts/Crafts The 1,000-unit chain operates locations nationwide and in Canada. The stores, offering frames, crafts and art supplies, as well as seasonal items, occupy spaces of 12,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Aamco Transmissions, Inc. dba Aamco Transmissions Tim Farley 201 Gibraltar Road, Suite 150 Horsham, PA 19044 Email: tfarley@aamco.com Web site: www.aamco.com
Automotive The 1,100-unit chain operates locations nationwide. The automotive service centers occupy spaces of 3,500 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. The company prefers to locate in areas with high traffic counts. The company is franchising and prefers site submittals to be sent via the Web site.
EZ Lube, LLC dba EZ Lube Robert Grosse 3540 Howard Way, Suite 200 Costa Mesa, CA 92626 714-556-1312 Ext. 4144, Fax 714-556-1362 Email: robertg@ezlube.com Web site: www.ezlube.com
Automotive The 74-unit chain operates locations throughout southern CA. The automotive service centers occupy spaces of 2,800 sq.ft. to 5,000 sq.ft. in existing automotive or tire maintenance centers situated on a land area of 10,000 sq.ft. to 20,000 sq.ft. Limited growth opportunities are sought throughout the existing market during the coming 18 months.
Lube Pro’s 10-Minute Oil Change Ray Keating 1740 South Bell School Road Cherry Valley, IL 61016 815-332-9200, Fax 815-332-9355 Email: rayk@lubepros.com Web site: www.lubepros.com
Automotive The 34-unit chain operates locations throughout IL, MN, TN and WI. The automotive service centers occupy spaces of 1,800 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the midwestern region of the U.S. during the coming 18 months. Typical leases run 20 years with five, five-year options. Specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 30,000 within three miles earning $45,000 as the average household income. Major competitors include Jiffy Lube and Valvoline Instant Oil Change. A land area of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations. The company is franchising.
Convenient Food Mart Dev. Corp. dba Convenient Food Mart Greg Desantis 3642 Jacob Street Wheeling, WV 26003 304-232-3060 Ext. 20, Fax 304-233-4686 Email: gdesantis@convenient.com
Convenience The 15-unit chain operates locations throughout OH and WV. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout southeastern OH and WV during the coming 18 months. Typical leases run 10 years with two, five-year options.
Dandy Mini Marts, Inc. dba Dandy Mini Mart Randy Williams PO Box 207 Towanda PA 18848 570-265-6673, Fax 570-888-7161
Convenience The 72-unit chain operates locations throughout NY and PA. The convenience stores occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.
www.dealmakers.net
The
Dealmakers
September 16, 2011
page 11
Lead Sheet Kapoor Enterprises dba Bonfare Market Jag Kapoor 461 South Milipitas Boulevard, Suite 1 Milipitas, CA 95035 408-933-4422, Fax 408-933-4545
Convenience The 30-unit chain operates locations throughout CA. The convenience stores, with gasoline facilities, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout northern CA during the coming 18 months. Major competitors include 7-Eleven and Quickstop. The company is franchising.
Loco, Inc. dba Loco Food Stores Rob Lipson 2249 Broadway, Suite 10 Grand Junction, CO 81503-1157 970-242-5857, Fax 970-245-7570
Convenience The 23-unit chain operates locations throughout CO. The convenience stores occupy spaces of 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout western CO during the coming 18 months. A land area of one to 1.5 acres is required.
Sunshine Food Mart Joe Fields 402 High Point Drive Cocoa, FL 32926 321-631-0245, Fax 321-633-0467
Convenience The 100-unit chain operates locations throughout FL. The convenience stores, with gasoline facilities, occupy spaces of 2,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Ulta David Emihovich c/o Katz & Associates Corp. 2300 Glades Road, Suite 460W Boca Raton, FL 33431 561-361-7232, Fax 561-361-7276 Email: demihovich@dkatz.com Web site: www.katzassociates.com
Cosmetics The 415-unit chain operates locations nationwide throughout 42 states. The stores, offering beauty supplies and hair and skin care items, occupy spaces of 10,000 sq.ft. in regional power and strip centers. Growth opportunities are sought throughout FL from Broward County through the Treasure Coast region, during the coming 18 months, with representation by Katz & Associates Corp.
Gordman’s Stores Allan Murow c/o Noddle Cos. 2285 South 67th Street, Suite 250 Omaha, NE 68106 402-496-1616, Fax 402-496-6250 Email: amurow@noddlecompanies.com Web site: www.noddlecompanies.com
Department Store The 68-unit chain operates locations throughout AR, CO, IA, IL, IN, KS, KY, MN, MO, MS, ND, NE, OK, SD, TN and WI. The stores, offering apparel, bedding and bath items, furniture, luggage, home accents and dĂŠcor items, occupy spaces of 50,000 sq.ft. in malls and power and strip centers. Growth opportunities are sough throughout the existing markets, in addition to UT, during the coming 18 months, with representation by Noddle Cos.
Michael Rossy, Ltd. dba Michael Rossy Stores Michael DiTullio 450 Boulevard Lebeau St. Laurent, Quebec, Canada H4N 1R7 514-335-6255, Fax 514-335-9690 Email: mditullio@rossy.ca
Department Store The 70-unit chain operates locations throughout New Brunswick, Ontario and Quebec, Canada. The stores occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
page 12
September 16, 2011
The
Dealmakers
www.dealmakers.net
Lead Sheet R.H. Reny, Inc. dba Reny’s John Reny 731 Route 1 Newcastle, ME 04553 207-563-3177, Fax 207-563-5681 Web site: www.renys.com
Department Store The 16-unit chain operates locations throughout ME. The department stores occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 25,000 within 10 miles.
Kinney Drugs, Inc. dba Kinney Drugs Dave McClure 29 East Main Street Gouverneur, NY 13642 315-287-1500, Fax 315-287-4291 Web site: www.kinneydrugs.com
Drug Store The 102-unit chain operates locations throughout NY and VT. The drug stores occupy spaces of 11,000 sq.ft. to 11,550 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 to 20 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 7,000 within three miles. Major competitors include Rite Aid and Walgreens. A land area of 1.5 acres is required.
Burke Cleaners, LLC dba Burke Cleaners Mark Burke 5635 Boeing Drive Loveland, CO 80538-8811 970-203-9600 Ext. 4, Fax 970-203-1096 Web site: www.burkecleaners.com
Dry Cleaners The company operates locations throughout northern CO. The dry cleaners occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in strip centers. Growth opportunities are sought in Longmont and North Denver, CO during the coming 18 months. Typical leases run five years with options. Specific improvements and a vanilla shell are required. Preferred cotenants include grocery stores. The company plans to operate 12 locations by year’s end.
RadioShack Jeremy Isaacs c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: jisaacs@ripcony.com Web site: www.ripcony.com
Electronics The 7,300-unit chain operates locations nationwide and internationally. The electronics stores occupy spaces of 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout Brooklyn, Bronx, Queens and Long Island, NY during the coming 18 months, with representation by Ripco Real Estate.
Clearview Cinema Group, Inc. dba Clearview Cinema Group Luann Parker 200 Park Avenue, Suite 302 Florham Park, NJ 07932 908-918-2018, Fax 908-918-9891 Web site: www.clearviewcinemas.com
Entertainment The 47-unit chain operates locations throughout NJ, NY and PA. The movie theaters occupy spaces of 20,000 sq.ft. to 35,000 sq.ft. in lifestyle centers and downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Island Carousel, Inc. dba Island Carousel William Christ 1377 North Collier Boulevard Marco Island, FL 34145 239-389-0945, Fax 239-389-0944 Email: islandcarousel@embarqmail.com Web site: www.islandcarousel.com
Entertainment The 34-unit chain operates locations nationwide. The company operates carousel rides in regional malls using spaces of 465 sq.ft. to 1,000 sq.ft. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run one to five years. Preferred cotenants include retailers catering to children.
www.dealmakers.net
The
Dealmakers
September 16, 2011
page 13
Lead Sheet Monkey Joe’s Harold Shumacher c/o The Shumacher Group 3188 Saybrook Drive Atlanta, GA 30319 404-240-0040, Fax 404-266-9271 Email: harold@shumacher.com Web site: www.shumacher.com
Fitness The 59-unit chain operates locations throughout FL, GA, IA, IL, IN, KY, MA, MD, MO, MS, NC, PA, SC, TN, TX, VA and WI. The centers, featuring inflatable gyms for children, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in strip centers. Plans call for one to three openings throughout the Atlanta, GA metropolitan area during the coming 18 months, with representation by The Shumacher Group. Typical leases run 10 years with a seven-year kickout. A vanilla shell and specific improvements are required. Preferred cotenants include grocery and discount stores. Preferred demographics include a population of 25,000 children under age nine within 10 miles in households earning $50,000 as the average household income. Major competitors include Pump It Up. The company is franchising.
Big Lots, Inc. dba Big Lots Jeff Powers 4 Teaberry Court Greer, SC 29651 864-297-0304, Fax 864-234-7864 Web site: www.biglots.com
General Merchandise The 1,415-unit chain operates locations nationwide throughout 48 states. The stores occupy spaces of 25,000 sq.ft. to 35,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout FL, excluding Pensacola; GA; MD; NC; SC; eastern TN and VA during the coming 18 months.
B.J. Alan Co., Inc. dba Phantom Fire Works Patrick Carlon 555 Martin Luther King Jr. Boulevard Youngstown, OH 44502 330-746-1064, Fax 330-746-4410 Email: pcarlon@fireworks.com
Specialty The 54-unit chain operates locations nationwide. The fireworks shops occupy spaces of 6,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Plans call for four openings within FL, IN, NH, PA, SC, TN or WI during the coming 18 months. Requirements include a non-wood frame building with fireproofing of wood surfaces and a sprinkler system.
The Shefield Group dba Shefield & Sons Tobacconists, Shefield Gourmet and Shefield Express Byron Hildebrand 2265 West Railway Street Abbotsford, British Columbia, Canada V2S 2E3 604-859-1014, Fax 604-859-1711 Email: byron@shefield.com Web site: www.shefield.com
Specialty The 86-unit chain operates locations throughout Canada. The newsstands and convenience stores occupy spaces of 250 sq.ft. to 700 sq.ft. in hotels, malls and office towers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with five-year options.
North Texas Supersave dba Save-A-Lot Bill Kiker 103 Southeast 17th Avenue Mineral Wells, TX 76067 817-596-0013
Supermarket The two-unit chain operates locations in TX. The supermarkets occupy spaces of 22,000 sq.ft. to 41,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years. Preferred cotenants include dollar stores. The company will also consider store locations as small as 12,000 sq.ft.
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 14
September 16, 2011
The
Dealmakers
www.dealmakers.net
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Space Place Alabama
California
Connecticut
Huntsville – Bridge Street Town Centre, located along Old Madison Pike, has space available. Cotenants include Apple, Anthropologie, Banana Republic, J. Crew, Sephora, BLUE MediSpa, Toys “R” Us/ Babies “R” Us, Barnes & Noble, Cantina Laredo, P.F. Chang’s, Monaco Pictures and Dolce Enoteca. Area demographics include a population of 582,179 within 30 miles. For details, contact O&S Holdings, LLC; 877-330-8787; Web site: www.osholdings.com.
spaces available from 1,200 sq.ft. to 3,400 sq.ft. Rite Aid anchors the center and cotenants include Subway, Wells Fargo and Firestone. Area demographics include a population of 158,698 within five miles earning $94,751 as the average household income. For details, contact Fred Encinas or Samantha Zoleta, NAI Capital, 800 North Haven Avenue, Suite 100, Ontario, CA 91764; 909-945-2339 Ext. 4079/4086, Fax 909-945-2338; Emails: fencinas@naicapital.com and szoleta@naicapital.com.
demographics include a population of 195,001 within 15 miles earning $73,880 as the average household income. The average daily traffic count is 97,000 vehicles. For details, contact Kelly Takach, Cedarwood Development, Inc., 1765 Merriman Road, Akron, OH 44313; 330869-2251, Fax 330-864-8094; Email: ktakach@cedarwoodd.com; Web site: www.cedarwooddevelopment.com.
Arkansas Benton – Hickory Square Shopping Center, a 105,017 sq.ft. center located along State Interstate 30, has spaces available from 880 sq.ft. to 6,160 sq.ft. Tinseltown USA and Tractor Supply Co. anchor the center. Cotenants include Edward Jones, Sassy Shears Salon, Applebee’s, Fancy Nails, Dixie Café, Touchdown Sally’s and Patron’s Grill. Area retail includes Walmart and Home Depot. Area demographics include a population of 39,433 within five miles earning $65,560 as the average household income. The average daily traffic count is 50,000 vehicles. Little Rock – Mablevale Plaza Shopping Center, a 70,000 sq.ft. center located at the intersection of Interstate 30 and Baseline Road, has space available. Walmart and Home Depot shadow-anchor the center. Cotenants include Cato Fashions, Dollar Tree, Jackson Hewitt, Payless ShoeSource, GNC, Rent-n-Roll, GameStop, Aaron’s, Hibbett Sports, Subway, Sally Beauty Supply, Concentra, Weng’s China Buffet, Applebee’s, Pizza Hut and Wendy’s. Area retail includes McDonald’s. Area demographics include a population of 80,701 within five miles earning $53,983 as the average household income. The average daily traffic count is 73,200 vehicles. For details, contact Rick Ashley, J.D. Ashley Jr., Gregg Mueller, Philip Ring, Matt Hankins or Clay Smith, Ashley Co. Commercial Real Estate, 2851 Lakewood Village Drive, North Little Rock, AR 72116; 501-758-7745, Fax 501-758-0835; Emails: rhashley@ashleygroup.net; jdashley@ashleygroup.net; gmueller@ashleygroup.net; philip.ring@ashleygroup.net; mhankins@ashleygroup.net and clay.smith@ashleygroup.net.
California Chino Hills – Soquel Canyon Crossings, located at the intersection of Soquel Canyon Parkway and Butterfield Ranch Road, has page 16
September 16, 2011
The
Merced – Merced Shopping Center, a 481,548 sq.ft. center located along Fairfield Drive, has spaces available from 8,600 sq.ft. to 9,000 sq.ft. Target, United Artist Theatre, Big Lots and Michaels anchor the center. Area retail includes Merced Mall, featuring JCPenney, Sears and Kohl’s. Area demographics include a population of 145,494 within 10 miles earning $55,698 as the average household income. The average daily traffic count exceeds 59,000 vehicles. The asking monthly rent is $1.25 psf NNN. Rohnert Park – Raley’s Towne Center, a 140,000 sq.ft. center located along State Farm Drive, has a 2,400 sq.ft. space available. Raley’s Grocer and Ross Dress for Less anchor the center. Area retail includes Bank of the West and WaMu. Area demographics include a population of 81,158 within three miles earning $88,373 as the average household income. The average daily traffic count is 30,600 vehicles. The asking monthly rent is $1.75 psf NNN. Also, a 5,070 sq.ft. freestanding restaurant located along Redwood Drive is available. Area demographics include a population of 81,158 within three miles earning $88,373 as the average household income. The average daily traffic count is 69,250 vehicles. For details, contact Lois Codding, Codding Enterprises, 1400 Valley House Drive, Suite 100, Rohnert Park, CA 94928; 707-795-3550 Ext. 126; Email: lois@codding.com; Web site: www.somoliving.com.
Connecticut Lisbon – Crossing at Lisbon, a power center located at the intersection of Interstate 395 and River Road, has a 1.736-acre outlot available. Target and Lowe’s Home Improvement anchor the center. Cotenants include Aldi, Chili’s, Sleepy’s, GameStop, Wireless Zone, GNC, Hair Cuttery and Diva Nails. Area retail includes Ruby Tuesday, Pier 1 Imports and Lisbon Landing, featuring Walmart, Home Depot and Kohl’s. Area Dealmakers
www.dealmakers.net
Florida Jacksonville – Point Meadows, a 140,080 sq.ft. center located along South Baymeadows Road, has spaces available of 3,400 sq.ft. and 3,800 sq.ft. along with three spaces of 1,400 sq.ft. Winn-Dixie and Stein Mart anchor the center. Cotenants include Walgreens, Wendy’s, First Guaranty Bank, Bank of America, Peoples First Community Bank, Outback Steakhouse, Carrabba’s Italian Grill and Sticky Fingers. Area demographics include a population of 253,437 within seven miles earning $81,289 as the average household income. The average daily traffic count is 28,500 vehicles. Sunrise – Sunrise Plaza, a 21,488 sq.ft. center located at the intersection of West Sunrise Boulevard and Sunset Strip, has a 1,200 sq.ft. endcap space available. Walgreens anchors the center and cotenants include Subway and Burger King. Area demographics include a population of 433,951 within five miles earning $61,585 as the average household income. The average daily traffic count is 67,800 vehicles. For details regarding the Jacksonville property, contact Michael Fetherston, Konover South; 954-354-8282; Email: mfetherston@konoversouth.com; Web site: www.konoversouth.com. For details regarding the Sunrise property, contact Vivian Ricardo; Email: vricardo@konoversouth.com.
Georgia Atlanta – Lenox Village, a 32,236 sq.ft. center located along Lenox Road, has spaces available of 1,073 sq.ft.; 1,540 sq.ft. and 3,483 sq.ft. Roasters and Pizzeria Venti anchor the center. Cotenants include A Lenox Nail, uBreakiFix, Sushi Kiku, Palm Beach Tan, Signature Boutique, New York Tailors, Salon A La Saison and Peachy Clean Cleaners. Area demographics include a population of 318,276 within five miles earning $109,173 as the average household income. The average daily traffic count is 44,940 vehicles. Macon – Walnut Creek Plaza, a 36,674 sq.ft. center located along Gray Highway/U.S. Highway 129, has
Space Place
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Georgia
Illinois
Indiana
spaces available of 1,997 sq.ft. and 3,497 sq.ft. Walmart Supercenter shadow-anchors the center and cotenants include Dollar Tree, Payless ShoeSource, Cato, GameStop, Hibbett Sports, Rainbow and China Express. Area demographics include a population of 158,979 within 10 miles earning $55,332 as the average household income. The average daily traffic count is 38,920 vehicles. For details, contact Debbie Lewis, Rivercrest Realty Investors; 800992-4046, Fax 919-424-0001; Email: dlewis@rivercrestrealty.com; Web site: www.rivercrestrealty.com.
Burger King, Baskin-Robbins, China Buffet, Subway, RadioShack, Save-A-Lot and Sunview Market. Area demographics include a population of 186,059 within five miles earning $59,583 as the average household income. The average daily traffic count is 20,000 vehicles. For details, contact Carolyn Kostelny, InSite Real Estate, 1400 16th Street, Suite 300, Oak Brook, IL 60523-8854; 630-6179128; Email: ckostelny@insiterealestate.com; Web site: www.insiterealestate.com.
Elkhart – A 6,500 sq.ft. freestanding former Blockbuster Video located along West Hively Avenue is available. Area retail includes Woodland Crossing Shipping Center, featuring Big Lots and Kroger. Area demographics include a population of 94,232 within five miles earning $59,053 as the average household income. The average daily traffic count exceeds 20,000 vehicles. Muncie – A center located along East McGalliard Road has a 3,000 sq.ft. endcap space available. Cotenants include Jimmy John’s and Sprint. Area retail includes Target, T.J. Maxx, Kohl’s, Kmart, Marshalls, Verizon Wireless, Old National Bank, McDonald’s and Muncie Mall, featuring Macy’s, Sears, JCPenney and Outback Steakhouse. Area demographics include a population of 82,235 within five miles earning $34,168 as the average household income. The average daily traffic count exceeds 22,330 vehicles. For details, contact Carolyn Kostelny, InSite Real Estate, 1400 16th Street, Suite 300, Oak Brook, IL 60523; 630-617-9128; Email: ckostelny@insiterealestate.com; Web site: www.insiterealestate.com.
Illinois Danville – Danville Crossings has a 4,510 sq.ft. space available. Cotenants include Check-N-Go, Fashion Bug, Dollar Tree and Sally Beauty Supply. Area retail includes Walmart Supercenter, Menards, Ryan Steak House, Aaron’s and Burger King. Area demographics include a population of 38,015 within five miles earning $40,208 as the median household income. Jacksonville – Lincoln Square, located at the intersection of Tendick Street and Morton Avenue/ Route 104, has spaces available of 900 sq.ft.; 1,600 sq.ft. and 2,280 sq.ft. along with a 300 sq.ft. storage space. JCPenney anchors the center and cotenants include Famous Footwear, Dunham’s Sports, Maurices, RadioShack, Goody’s, Dollar Tree, Sears, Hallmark and Perkins. Area retail includes Walmart Supercenter, Staples, Wendy’s, Long John Silver’s, Ponderosa Steak House, Shopko, McDonald’s, KFC, Hardee’s and Applebee’s. Area draws includes Illinois College and MacMurray College. Area demographics include a population of 23,982 earning $45,311 as the median household income. The average daily traffic count is 22,000 vehicles. For details, contact American Asset Management Services Co., 4711 West Golf Road, Suite 1000, Skokie, IL 60076; 800544-8585 Ext. 214.
Mt. Prospect – Euclid Crossing, a 24,000 sq.ft. center located at the intersection of Wolf Road and Euclid Avenue, has spaces available from 1,126 sq.ft. to 4,591 sq.ft. Dunkin’ Donuts anchors the center. Area demographics include a population of 328,634 within five miles earning $97,327 as the average household income. The average daily traffic count is 40,200 vehicles. For details, contact Sara Chaiken, Edgemark, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5617, Fax 630-472-1019; Email: schaiken@edgemarkllc.com; Web site: www.edgemarkllc.com.
(continued on page eighteen)
Harvard – A 3,800 sq.ft. freestanding former Blockbuster Video situated on a land area of 15,000 sq.ft. along South Division Street is available. Area retail includes Walmart Supercenter. Area demographics include a population of 18,743 within seven miles earning $67,289 as the average household income. The average daily traffic count is 12,300 vehicles. Rockford – A 6,500 sq.ft. freestanding building located along North Main Street is available. Area retail includes AutoZone, KFC, Walgreens, Taco John’s, www.dealmakers.net
The
Dealmakers
September 16, 2011
page 17
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Space Place Maine
(continued from page seventeen)
South Portland – Millcreek Plaza, located along Waterman Drive, has a divisible space of 11,967 sq.ft. available. Shaw’s anchors the center and cotenants include Dollar Store Marketplace, Haircuts Plus, Family Dollar, Sun Tan City, McDonald’s and Bangor Savings Bank. Area retail includes Rite Aid, CVS and Wendy’s. Area demographics include a population of 127,991 within seven miles earning $57,769 as the average household income. For details, contact Milestone Associates, Inc., 192 Worcester Road, Natick, MA 01760; 508-650-1929, Fax 508-650-1944; Email: rick@milestoneassociates.com; Web site: www.milestoneassociates.com.
Maryland Salisbury – Southtowne Commons, a 31,200 sq.ft. center located along North Fruitland Boulevard/Highway 13 Business, has space available. Walmart Supercenter shadowanchors the center and cotenants include Sally Beauty Supply, Cato, The Shoe Dept., Smile Cleaners, GameStop, Hunam Delight,
Maryland
Massachusetts
Wireless Zone, Rent-A-Center, It’s Fashion and Dollar Tree. Area demographics include a population of 96,644 within 10 miles earning $57,667 as the average household income. The average daily traffic count is 19,600 vehicles. For details, contact Nicholas SchumanWerb, Rivercrest Realty Investors; 800992-4046, Fax 919-424-0001; Email: nschuman@rivercrestrealty.com; Web site: www.rivercrestrealty.com.
of Worchester Street/Route 9 and Route 27, has spaces available from 1,000 sq.ft. to 3,159 sq.ft. Super Stop & Shop anchors the center and cotenants include Staples, Panera Bread, The UPS Store, Music Go Round, Five Guys Famous Burgers and Fries and Aspen Dental. Area demographics include a population of 127,805 within five miles earning $83,594 as the median household income. The average daily traffic count is 54,900 vehicles. Pembroke – North River Plaza, a 240,000 sq.ft. center located at the intersection of Route 3 and Route 139, has spaces available from 1,500 sq.ft. to 7,914 sq.ft. Kohl’s and Stop & Shop anchor the center. Cotenants include Olympia Sports, North River Cleaners, Star Nails, Staples, Papa Gino’s, Dollar Tree, Payless ShoeSource, The UPS Store, Sally Beauty Supply, Great Clips, dressbarn, Longhorn Steakhouse and Lambert Seasonal Garden Center. Area demographics include a population of 187,966 within 10 miles earning $81,280 as the median household income. For details, contact Milestone Associates, Inc., 192 Worcester Road, Natick, MA
Massachusetts Marlborough – A center located along Lakeside Avenue/Route 20 has a 1,527 sq.ft. space available. Cotenants include Citibank, Sprint, #1 Cleaners and Quiznos. Area retail includes OfficeMax, McDonald’s, Hannaford, Ninety-Nine Restaurant, Starbucks, Boston Market, Subway, Wendy’s, Blockbuster Video and Papa Gino’s. Area demographics include a population of 135,719 within seven miles earning $68,543 as the median household income. The average daily traffic count is 36,400 vehicles. Natick – Natick 9/27 Shopping Center, located at the intersection
(continued on page twenty)
There's nothing better than
fp u rb l ieC i Tey The Dealmakers wants to help you market your projects, for FREE! If you are… • buying • newly representing • expanding
• lending/financing • opening • hiring/promoting
• leasing • newly constructing • selling
…then let us help you get the word out.
To submiT your informaTion, visiT www.dealmakers.neT/freepub.hTml page 18
September 16, 2011
The
Dealmakers
www.dealmakers.net
Over 6,000
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? TenantSearch 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 6,000 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.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and online TenantSearch users receive 5 to 25 leads daily via email. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and retail uses you desire, and within seconds you’ll have a list of prospective tenants for your location.
Call 1-800-732-5856 or visit our Web site at www.tenantsearch.com
ORDER NOW!
Fax your order to: (609-587-3511)
Mail your order to: PO Box 2630 Mercerville, NJ 08690 National Edition (approx. 6,000 leads)
$589 (CD-ROM) $369 (Online) $369 (Hardcopy) $689 (Online & CD-ROM) Regional Edition (approx. 2,500 leads per region)
West Midstates East South $379 (CD-ROM) $289 (Online) $289 (Hardcopy) $479 (Online & CD-ROM) Online Access, please provide Email address: _____________________________ Password (minimum 4 characters, case-sensitive): __________________________
QUESTIONS.... Email: ann@dealmakers.net or Call: 800-732-5856 Contact/Ship to: (TenantSearch is shipped via UPS ground at no charge) Name __________________________________________________ Company _______________________________________________ Street ___________________________________________________ City ____________________________________________________ Phone __________________________________________________ Credit Card
Visa Mastercard American Express
Card #: _____________________________ Exp. Date: __________ Sec. Code: _______ Signature: ______________________________ Cardholder Name: ________________________________________
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Space Place Massachusetts
(continued from page eighteen)
01760; 508-650-1929, Fax 508-650-1944; Email: rick@milestoneassociates.com; Web site: www.milestoneassociates.com.
Michigan Holland – Cedar Village, a 217,213 sq.ft. neighborhood shopping center located along Chicago Drive, has space available. Cotenants include Bumble Bees and Engleman’s Greenhouse. Area retail includes Family Thrift Retail, Arby’s, Big Apple Bagels and Taco Bell. Area demographics include a population of 86,814 within five miles earning $64,802 as the average household income. The average daily traffic count is 40,900 vehicles. For details, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212-643-8080, Fax 212-6432626; Email: leasing@nassimirealty.com; Web site: www.nassimirealty.com. Lapeer – Shops at South Branch, a 10,140 sq.ft. center located along Demille Road, has spaces available from 1,200 sq.ft. to 3,870 sq.ft. Kohl’s, MC Sports, Famous Footwear and rue21 shadow-anchor the center. Cotenants include Continental Rentals, Great Clips and Metro PCS. Area retail includes Meijer, Home Depot and Kroger. Area demographics include a population of 15,645 within three miles earning $55,631 as the average household income. The average daily traffic count is 11,349 vehicles. The asking rent is $14 psf with NNN fees of $3.41 psf. For details, contact Marlin Properties, 2685 Lapeer Road, Suite 206, Auburn Hills, MI 48326; 248-340-8900, Fax 248-340-8998.
Mississippi Jackson – Dogwood Promenade, a 445,154 sq.ft. center located at the intersection of Old Fannin Road and Lakeland Drive/Highway 25, has space available. Kroger, Stein Mart, Target, Best Buy and PetSmart anchor the center. Cotenants include GNC, Sally Beauty Supply, rue21, dressbarn, Catherines, Kay Jewelers, Tranquility Day Spa, Material Girls, Squire’s Formal Wear and Palm Beach Tan. Area demographics include a trade-area population of 781,499 earning $75,787 as the average household income. For details, contact Gary Jones, Aronov, 3500 Eastern Boulevard, Montgomery, AL 36116; 334-277-1000 Ext. 450, Fax 334272-0747; Email: gary.jones@aronov.com; Web site: www.aronov.com. page 20
September 16, 2011
The
Missouri
New Jersey
Florissant – A 91,454 sq.ft. freestanding building located at the intersection of North Lindbergh Boulevard/Highway 67 and New Halls Ferry Road is available. Area retail includes Target, Panera Bread, Kmart, Lowe’s Home Improvement, Schnucks, ShopN-Save, Marshalls, PetSmart, OfficeMax, Barnes & Noble, Dollar Tree and Walgreens. Area demographics include a population of 181,846 within five miles earning $57,663 as the average household income. The average daily traffic count is 85,258 vehicles. The asking rent is $9 psf NNN. For details, contact Joe Ciapciak, Pace Properties, 1401 South Brentwood Boulevard, Suite 900, St. Louis, MO 63144; 314-968-9898, Fax 314-968-5050; Email: jciapciak@paceproperties.com; Web site: www.paceproperties.com.
retail includes Lowe’s Home Improvement, Five Below, Wawa, Kohl’s, Target, Sonic Drive-In, Sleepy’s, T-Mobile, Moe’s Southwest Grill, Longhorn Steakhouse, AutoZone and Chili’s. Area demographics include a population of 68,083 within five miles earning $48,502 as the median household income. For details, contact Jim Creeder or Adam Kohler, Fameco Real Estate, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610834-1793; Emails: jcreed@famecoretail.com and akohler@famecoretail.com.
New Hampshire Lebanon – Miracle Mile Plaza, located along Route 4, has spaces available from 1,200 sq.ft. to 2,696 sq.ft. Cotenants include Rent One Plus, China Station, Luxury Nails, Hubert’s and Fields of Vision. Area retail includes Price Chopper, Family Dollar, Shaw’s, Kmart, Best Buy, Walmart, Borders, Panera Bread and Home Depot. Area demographics include a population of 49,672 within 10 miles earning $63,757 as the average household income. West Lebanon – Kmart Plaza, a 178,977 sq.ft. center located along Route 12A, has spaces available from 2,000 sq.ft. to 2,500 sq.ft. Big Kmart anchors the center and cotenants include T.J. Maxx, Jo-Ann Fabrics, Newbury Comics, Sleep Source, Supercuts, Payless ShoeSource and Kleen Laundry. Area retail includes Shaw’s, L.L. Bean, Kohl’s, Walmart, BJ’s Wholesale Club, Home Depot, Panera Bread, Borders and Best Buy. Area demographics include a population of 46,370 within 10 miles earning $63,203 as the average household income. For details, contact Milestone Associates, Inc., 192 Worcester Road, Natick, MA 01760; 508-650-1929, Fax 508-650-1944; Email: rick@milestoneassociates.com; Web site: www.milestoneassociates.com.
New Jersey Millville – Cumberland Crossing, located at the intersection of Route 55 and Route 47, has spaces available from 1,200 sq.ft. to 58,822 sq.ft. Walmart anchors the center and cotenants include Texas Roadhouse, Bob Evans, Avenue, America’s Best Eyeglasses, Dots, GameStop, Sally Beauty Supply, Nail Expo, Hair Cuttery and We R Wireless. Area Dealmakers
www.dealmakers.net
New York Kingston – A center located along Ulster Avenue has a 6,000 sq.ft. space available. Burlington Coat Factory anchors the center and cotenants include Dollar Tree, Jo-Ann Fabrics, Staples, Fitz’s Liquors, Kingston Wok, Four Seasons Pizza and Bank of America. Area demographics include a population of 102,568 within 10 miles earning $72,084 as the average household income. For details, contact Gibraltar Management Co., Inc., 150 White Plains Road, Tarrytown, NY 10591; 914-631-6200; Web site: www.gibraltarmgt.com.
Texas New Braunfels – Town Center at Creekside, a 50,000 sq.ft. power center located at the intersection of Interstate 35 and FM 306, has spaces available of 2,880 sq.ft. and 3,638 sq.ft. along with outlots and pad sites. Target, Ross Dress for Less, Best Buy, JCPenney, Dick’s Sporting Goods, PetSmart and Famous Footwear anchor the center. Cotenants include Longhorn Steakhouse, dressbarn, Sport Clips, Maurices, Compass Trading Co., Creekside Cinemas, Dollar Tree and Sally Beauty Supply. Area demographics include a population of 96,944 within a 20-minute drive-time. The average daily traffic count is 102,500 vehicles. Rosenberg – Brazos Town Center, a 1.8-million sq.ft. center situated on 550 acres at the intersection of U.S. Highway 59 and FM 762/Reading Road, has a 15,000 sq.ft. space available along with outlots. Cotenants include Best Buy, Home Depot, Hobby Lobby, Target, Kroger, Famous Footwear, Kohl’s, Walgreens, JCPenney, OfficeMax, Petco, Conn’s, Ross Dress for Less, Chili’s, McDonald’s, KFC, Texas Roadhouse, Cracker Barrel, Arby’s, Five Guys Famous Burgers and Fries, Taco Bell, Subway, Starbucks, Buffalo Wild Wings, (continued on page twenty-two)
Full Page DMK NYC 4color
FO
R LE
AS
E
FOR
FOR
E
LEAS
E
LEAS
FOR LEASE
Space Place Texas
(continued from page twenty)
Sonic Drive-In, Burger King, Wing Stop and Chick-fil-A. Area demographics include a population of 224,534 within 10 miles earning $105,039 as the average household income. The average daily traffic count is 77,400 vehicles. For details regarding the New Braunfels property, contact Eric Walker or Ford Scott, NewQuest Properties, 8827 West Sam Houston Parkway North, Suite 200, Houston, TX 77040; 281-477-4339/4397, Fax 281477-4390; Emails: ewalker@newquest.com and fscott@newquest.com; Web site: www.newquest.com. For details regarding the Rosenberg property, contact Eric Walker or Anderson Smith; 281-477-4384; Email: asmith@newquest.com. San Antonio – 9620 Huebner Center, a 12,600 sq.ft. center located along Huebner Road, has spaces available of 1,400 sq.ft. and 4,100 sq.ft. Cotenants include Rios Golden Cuts and Massage Heights. Area retail includes H-E-B. Area demographics include a population of 301,096 within five miles earning $64,616 as the average household income. The average
Texas
Texas
daily traffic count is 19,751 vehicles. Also, City View Village, located along Hueber Road, has spaces available from 1,296 sq.ft. to 1,593 sq.ft. Cotenants include Palm Beach Tan, Wich Which?, Papouli’s Greek Grill, Panda Express, Freebirds World Burrito and Gourmet Burger Grill. Area retail includes Hueber Oaks, featuring Bed Bath & Beyond, Old Navy, Ross Dress for Less, Bath & Body Works, Talbots, Gap, Starbucks and Borders. Area demographics include a population of 276,059 within five miles earning $68,234 as the average household income. The average daily traffic count is 19,751 vehicles. Also, Stone Ridge Market, located at the intersection of Evans Road and U.S. Highway 281, has space available. H-E-B Plus anchors the center and cotenants include Baskin-Robbins, orderup, Palm Beach Tan, Oreck, Panda Express, Leslie’s Pool Supplies, Verizon Wireless, PostNet, Five Star Cleaners, GNC, Knockouts, Freebirds World Burrito and H&R Block. Area retail includes Chase Bank, Walmart, Costco and Home Depot. Area demographics include a population of 146,719 within five miles earning $119,926 as the average household
income. The average daily traffic count is 160,000 vehicles. For details regarding 9620 Huebner Center or City View Village, contact Steve Gray, Reata Real Estate Services, LP, 7330 San Pedro Avenue, Suite 710, San Antonio, TX 78216; 210-930-4111 Ext. 262, Fax 210930-1114; Email: sgray@retares.com; Web site: www.rearealestate.com. For details regarding Stone Ridge Market, contact Travis Barnes or Danny Elliot; 210-930-4111 Ext. 204/205; Emails: tbarnes@reatares.com and delliott@reatares.com.
Start your subscription to
Yes!
San Marcos – Red Oak Village, a 330,000 sq.ft. center located at the intersection of Interstate 35 and Wonderworld Drive, has spaces available from 1,511 sq.ft. to 3,687 sq.ft. along with pad sites. Cotenants include Best Buy, Ross Dress for Less, Bed Bath & Beyond, Marshalls, PetSmart and Ulta. Area draws include Texas State University. The average daily traffic count is 132,800 vehicles. For details, contact Lucas Patterson or Wes Babb, Lincoln Property Co.; 512-3223213/3205; Emails: lpatterson@lpc.com D and wbabb@lpc.com. M
today!
Start my subscription right away to the only publication in the shopping center industry devoted exclusively to dealmaking in strip, power and specialty centers, as well as malls. I can use leads every week on retailers looking to lease space, buyers and sellers of retail properties, plus news on space for lease, retail chain acquisitions and mergers, who’s opening or closing stores, new retail concepts, shopping centers under construction and more.
Start my subscription immediately! Please charge my credit card or a check is enclosed
$294 for one year
$434 for two years $187 for six months
Please circle appropriate card:
Mail my subscription to
Card #
Name _________________________________
_______________________________
Company ______________________________
Exp. Date ___________ Sec. Code ___________
Address _______________________________
Signature _______________________________
City ___________________________________ State _____________
What you’ve missed in the last 47 issues
• 2,300,000 locations of retailers with plans to open 150,000 sites • $27 billion to be bought, sold and financed • Leasing activity on over 600 million sq.ft. of retail property
Zip ________________
Phone __________________________________ Fax ____________________________________ Email __________________________________
Expedite your order by faxing the completed form to 609-587-3511 P.O. Box 2630 | Mercerville, NJ 08690 | 800-732-5856 or 609-587-6200 | Fax 609-587-3511 | www.dealmakers.net page 22
September 16, 2011
The
Dealmakers
www.dealmakers.net
today’s real Estate Market Demands smarter strategies. At DJM Realty, we develop comprehensive strategies using state of the art operating models, forecasting and benchmarking. In addition, DJM helps our clients grow, reduces their leasehold exposure by disposing of under-performing leases and fee-owned real estate and renegotiating occupancy costs. We also put our own capital to work to create mutually beneficial partnerships. FACiLitAtinG Growth
CuttinG oCCuPAnCy Costs
ELiMinAtinG surPLus rEAL EstAtE
w w w. d j m r e a l t y. c o m Andy Graiser agraiser@djmrealty.com
Emilio Amendola eamendola@djmrealty.com
Mike Matlat mmatlat@djmrealty.com
631.752.1100
Peter Lynch plynch@djmrealty.com
Joe DiMitrio joe@djmrealty.com
rEsoLvinG wArEhousE & oFFiCE issuEs
Michael Jerbich mjerbich@djmrealty.com
Andy Couch acouch@djmrealty.com
James Avallone javallone@djmrealty.com
Fred Burstein fburstein@djmrealty.com
Always start with solid footing.
At DLC Management Corp., we’ve always done things a little differently. We start by building a strong foundation, the same as any successful business does. Then we use that foundation to offer our clients the flexible, entrepreneurial approach that they deserve. It’s the way we’ve done business for twenty years. And it’s how we’ve become a trusted partner for those we work with.
A history of thinking differently.
119 Shopping Centers : 33 States : 16.7 Million SF : 580 White Plains Road : Tarrytown, NY 10591 : 914.631.3131 : dlcmgmt.com
VISIT US AT THE ICSC VIRGINIA I.E. : BOOTH 403 : SEPTEMBER 20 - 21, 2011