Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XXXV
September 17, 2010
Home-Related Chains Expand Nationwide E.C. Barton & Co. trades as Grossman’s Bargain Outlet at 56 locations throughout MA, NY, OH and RI. The home improvement centers, offering tools, hardware, windows, bathroom and kitchen fixtures, flooring, paint, roofing, siding and paneling items, as well as landscaping and outdoor living accessories, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout MA during the coming 18 months, with representation by Horn Cos. The company requires 5,000 sq.ft. to 10,000 sq.ft. of outside display area. All site submissions should include a site plan, aerial photo, demographics, traffic counts and pricing. For more information, contact Tom Hornstein, Horn Cos., 3426 Burnet Avenue, Syracuse, NY 13206; Email: horn@horncompanies.com. Airbase Carpet & Tile operates 11 locations throughout DE and PA. The stores, offering floor coverings, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout PA during the coming 18 months. Major competitors include Home Depot and Lowe’s Home Improvement. A land area of three acres is required. For more information, contact Michael Longwill, Airbase Carpet & Tile, 230 North Dupont Highway, New Castle, DE 19720; 302-328-1597 Ext. 222, Fax 302-322-9151; Email: mlongwill@carpetmart.com; Web site: www.carpetmart.com.
The Sherwin-Williams Co. (Southwest Division) trades as Sherwin Williams at 3,300 locations nationwide. The stores, offering paint and related products, occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the southwestern region of the U.S. during the coming 18 months. Typical leases run five years with options. For more information, contact Ray Starbuck, The Sherwin-Williams Co. (Southwest Division), 2100 Lakeside Boulevard, Suite 400-500, Richardson, TX 75082; 214-553-2972, Fax 214553-3913; Email: rstarbuck@sherwin.com; Web site: www.sherwin.com. Basics Plus operates eight locations throughout NY. The stores, offering kitchen, bathroom and outdoor items as well as organizational and home security items, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout Manhattan and the surrounding boroughs of New York, NY during the coming 18 months, with representation by Winick Realty Group. Typical leases run 10 to 15 years. The company prefers to locate in high-traffic sites near residential areas. For more information, contact Joseph Isa, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2647, Fax 212-792-2660; Email: joseph@winick.com; Web site: www.winick.com. (continued on page fourteen)
This issue contains information on:
* Retailers operating 31,056 locations with plans to open 2,416 sites * Real estate valued in excess of $855.9 million to be bought, sold & financed * Leasing activity on over 6.6 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC PA/NJ/DE Idea Exchange New Construction The Goldstein Group is preleasing a power center in North Brunswick, NJ................. Pg. 3 Observations & Conversations Pg. 4 Profile|Cedar Shopping Centers Pg. 6 Buyers & Sellers R.J. Brunelli & Co., Inc. is selling a freestanding building in Piscataway, NJ...................... Pg. 8 Openings CitiTrends to open 26 stores this year; 60 units during 2011........ Pg. 12 Delhaize Group pushes Bottom Dollar Food concept in PA....... Pg. 16 Food Retailers Expand Apple American Group, LLC to open Applebee’s locations throughout CA, DE, IN, NJ, NV, OH, PA and WV....................... Pg. 13 In the News Centro Properties Group promoted David Gerstenhaber to director, national accounts.... Pg. 15 Exclusives Katz & Associates Corp. represents Avenue throughout northern and central NJ............ Pg. 20 Sources of Financing Meridian Capital Group, LLC arranged financing for a mixeduse project in Newark, DE........ Pg. 21 Lease Signings Welco Realty, Inc. negotiated a lease with Burlington Coat Factory for 74,000 sq.ft. in North Bergen, NJ...................... Pg. 22 Lead Sheet Boscov’s looks to open locations throughout DE, MD, NJ, NY and PA............................................ Pg. 24 New York Sports Clubs seeking sites throughout central and northern NJ............................... Pg. 24 Space Place.............................. Pg. 28 Most Valuable Players.............. Pg. 42
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