Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXXV
September 18, 2009
Retailers Expanding Throughout the Northeast Staples operates 2,000 locations nationwide and internationally. The office supply stores occupy spaces of 18,000 sq.ft. in freestanding locations, urban/downtown areas and lifestyle, power, strip and specialty centers. Growth opportunities are sought throughout DE, NJ and the Philadelphia metropolitan area and outer markets of PA during the coming 18 months, with representation by Fameco Real Estate, LP. The company will also consider spaces of 3,500 sq.ft. to 4,000 sq.ft. in northern NJ. A land area of 2.5 acres is required for freestanding locations. For more information, contact Jon Kushner, Fameco Real Estate, LP, 633 West Germantown Pike, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610-834-1793; Email: jkushner@famecoretail.com; Web site: www.famecoretail.com. Inserra Supermarkets, Inc. trades as ShopRite and LML Supermarkets at 25 locations throughout NJ and NY. The supermarkets occupy spaces of 60,000 sq.ft. to 70,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout Bergen, Hudson, Passaic and Rockland counties in NJ and the New York, NY metropolitan areas during the coming 18 months. For more information, contact Rich Chamberlin, Inserra Supermarkets, Inc., 20 Ridge Road, Mahwah, NJ 07430; 201-529-5900, Fax 201-529-1189.
Dipson Theatres, Inc. trades as Dipson Theatres at 11 locations throughout NY and PA. The movie theaters occupy spaces above 25,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to acquire sites and will also consider build-to-suits. For more information, contact Michael Clement, Dipson Theatres, Inc., 388 Evans Street, Williamsville, NY 14221; 716-626-9613, Fax 716626-9614; Web site: www.dipsontheatres.com. Discount Retail Store Services trades as Dollar Store Services, Discount Party Stores, The Mail Box Stores, Teen Discount Zone and Discount Party Stores at 1,800 locations nationwide. The discount stores occupy spaces of 1,000 sq.ft. to 12,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run three years with three-year options. A vanilla shell is required. Preferred cotenants include grocery stores. Preferred demographics include a population of 20,000 within two miles. Major competitors include 99 Cent Stores, Party America and Claire’s. For more information, contact Chuck Martin, Discount Retail Store Services, 5075 West Diablo Drive, Suite 200, Las Vegas, NV 89118; 702-382-8444 Ext. 108, Fax 702-951-7450; Email: chuckm@storeservices.org; Web site: www.dollarstoreservices.com. (continued on page four)
This issue contains information on:
* Retailers operating 52,682 locations with plans to open 5,235 sites * Real estate valued in excess of $110.14 million to be bought, sold & financed * Leasing activity on over 11.16 million sq.ft. of retail properties
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Featuring ICSC PA/NJ/DE Idea Exchange Observations & Conversations Pg. 6 Profile|ARC Properties, Inc.
Pg. 8
Openings Red Robin will open company and franchise restaurants nationwide........... Pg. 10 Food Retailers Expand Dibella’s Old Fashioned Subs looks for sites throughout NY, OH and PA............................ Pg. 14 New Construction RD Management is preleasing a center in Vineland, NJ......... Pg. 18 Buyers & Sellers Paramount Realty Services looks to acquire retail centers throughout the Mid-Atlantic.... Pg. 19 Exclusives Michael Salove Co. represents Monkey Joe’s in the chains’ expansion in Harrisburg, Mechanicsburg and Philadelphia, PA............. Pg. 23 Sources of Financing AG Commercial brokered a construction loan in Crystal Lake, IL.................................. Pg. 24 In The News Spring Mill Capital Management founded by three industry veterans........... Pg. 25 Lease Signings The Rappaport Cos. negotiated a lease with A.J. Wright in District Heights, MD.............. Pg. 28 Lead Sheet Bare Escentuals looks for sites nationwide............................ Pg. 29 Space Place........................... Pg. 34 Most Valuable Players........... Pg. 50
For more news go to: www.dealmakers.net
Retailers Expanding Throughout the Northeast (continued from page one)
Yankee Candle operates 450 locations nationwide. The specialty candle shops occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in lifestyle and power centers. Growth opportunities are sought throughout DE, NJ and PA during the next 18 months, with representation by RAS Brokerage. The company prefers to locate in centers with GLAs above 250,000 sq.ft. Preferred cotenants include Target, Kohl’s, Pier 1 Imports, Chico’s, Talbots, Ann Taylor Loft, home stores and children’s and women’s apparel retailers. Preferred demographics include a trade-area population earning between $75,000 and $149,000 as the average household income. For more information, contact Jay Miller, RAS Brokerage, 633 West Germantown Pike, Suite 203, Plymouth Meeting, PA 19462; 215-322-8070, Fax 215-322-8460; Email: jmiller@rasbrokerage.com; Web site: www.rasbrokerage.com. Monkey Joe’s operates 30 locations throughout FL, GA, MA, MO, NC, PA, SC and WI. The interactive indoor party and play centers occupy spaces of 10,000 sq.ft. to 16,000 sq.ft. in strip centers. Growth opportunities are sought throughout Harrisburg, Mechanicsburg and the Philadelphia, PA metropolitan
area during the coming 18 months, with representation by Michael Salove Co. The company will consider quasi-retail or flex spaces. A minimum ceiling clearance of 18 feet is required. For more information, contact Stanton Brown, Michael Salove Co., 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215-568-2600 Ext. 12, Fax 215-568-2666; Email: sbrown@salove.com; Web site: www.salove.com. Dandy Mini Marts, Inc. trades as Dandy Mini Mart at 50 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. For more information, contact Randy Williams, Dandy Mini Marts, Inc., PO Box 207, Towanda, PA 18848; 570-265-6673, Fax 570-888-7161. Martin Franchises, Inc. trades as Martinizing Dry Cleaning at 500 locations nationwide and internationally. The dry cleaners occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in freestanding locations, urban downtown areas and endcap and inline spaces of lifestyle, specialty and
strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Starbucks. Preferred demographics include a population of 15,000 within two miles earning $60,000 as the average household income. Major competitors include regional dry cleaning chains. The company is franchising. For more information, contact Jerry Laesser, Martin Franchises, Inc., 422 Wards Corner Road, Loveland, OH 45140; 513-699-4240, Fax 513-731-0818; Email: cleanup@martinizing.com; Web site: D www.martinizing.com. M
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............................................ Nicholas Hamner nicks@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder..................................................... Ted Kraus 1979–2007
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Observations & Conversations At least half a dozen national chains are doing research with their operations, merchandising and construction departments on how to downsize their footprints by 10% to 20% for future stores, so the good news is that they’ll be in an expansion mode again, but most likely they’ll be using less space. This issue of The Dealmakers is being distributed at the ICSC’s Pennsylvania, New Jersey and Delaware show in Philadelphia. So far, the northeastern markets have not endured as much pain as areas in Florida or west of the Rockies. Of course, it too has its share of vacancies; just driving home from my office in New Jersey, I pass empty anchor spaces formerly housing Linens ‘N Things, Office Depot, Circuit City, Tweeter, Fortunoff and Filene’s Basement. Just a few days ago, I went to the mall near my office — I hadn’t been there in over a year — and I was amazed at how many temporary tenants were filling empty store-fronts, but it was good to see that at least the landlord could find a willing tenant, even if it’s just for the short term. I live in a touristy part of Pennsylvania and it also seems to be holding up well, which attests to the health of mom and pops in the market, since the only things you can buy in this resort destination for less than $5 is a bottle of domestic beer unless you imbibe at the only national chains in the town, Starbucks and Dunkin’ Donuts. Although about 20% of the storefronts in my hometown are vacant, I’ve seen at least half a dozen new stores open in the past month, and most of them are startups. Unfortunately, there isn’t much activity with new spin-off concepts or anchor store expansion in the Northeast, if you exclude New York City, where I hear leasing has picked up considerably in the past few months. A few chains I’ve heard that are actively pursuing new sites in the Northeast include Jos. A. Bank and Raymour & Flanigan. Most landlords that I talk to in the northeast region will take a little less rent, but nobody is bending over the proverbial barrel to get tenants right now. In the past few months, I’ve gotten a few deals done in this market and luckily most of them were at market rent and some were with tenants that are capitalized well enough to do their own build-out. The toughest part of my most recent deals is for somebody to come up with the cash for the build-out, since six months ago when lenders put a lock on their purses it was apparent there was no alternative other than to hash out deals where the landlord (if they could) or the tenant (if they could) picked up the construction tab. Because the development process is so arduous and raw land is sparse in this neck of the woods, I haven’t seen rents drop by very much, if any, in the past year. My gut says it will take a year or two for the existing vacancies throughout the northeast region to be absorbed. Every proposed project that I know of in the Northeast that was in the talking stage this year and last has been “put on hold” and won’t break ground until the economy makes a sharp turn for the better, so that will give the market enough time to absorb a good portion of the existing vacancies before dirt gets turned on new centers. One example is Forest City Ratner, which recently hit the pause button on a $685 million retail and residential project in Yonkers, NY. I’ve heard they plan to sit tight until the recession blows over even though they had an executed LOI for an 80,000 sq.ft. Saks Fifth Avenue. I’m not hearing much chatter about shopping center defaults or foreclosures page 6
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in this market compared to the number of projects in the Southeast and West Coast that are in hot water. To say the Northeast has weathered the storm unscathed would be a misnomer, but it’s hard to totally decimate retail in such a dense market, even in the worst global recession the world has ever seen. On a national scope, I’m hearing capital is getting looser, not free wheeling, but any amount of slack in the rope would help. I’m also hearing more and more rumors about retailers ramping up now with plans for an onslaught of M&As and IPOs to hit toward the end of next year through 2012. I’m also hearing about at least half a dozen national chains doing research with their operations, merchandising and construction departments on how to downsize their footprints by 10% to 20% for future stores, so the good news is that they’ll be in an expansion mode again, but most likely using less space. Macy’s plans to open a few one-level stores using 120,000 sq.ft. and Forever 21 seems like it has thrown any preconceived ideas about prototypes out the window, considering that they are opening stores ranging in size from around 100,000 sq.ft. in several General Growth malls down to 27,000 sq.ft. at Country Club Plaza in Kansas City. I’ve also been hearing rumblings about appliance dealers preparing for growth in anticipation of the government putting together a program comparable “to cash for clunkers” for the home appliance business, and furniture concepts checking out distribution centers with the intent of growing their retail base. Geez, after getting bad news day after day for so long, it’s almost shocking when I hear about positive things on the horizon. We need a solid Christmas season, but I don’t think we’ll see that until 2010 at the earliest. Although consumer confidence and spending is up a little, back-to-school sales weren’t stellar during the month of August. I read an article stating that more retailers had record transactions this back-to-school season using layaway plans, and that they anticipate the same level of layaway activity during Christmas even though Christmas sales are expected to be lower than last year, which shows you that the middle- to lower- income customer is strapped for cash and has little or no credit available. I’ve heard from a few retailers that they’ll have Christmas merchandise in the stores before Halloween in anticipation of selling to layaway shoppers. It doesn’t take much to rattle the consumer’s nerves these days, so let’s hope that we have uneventful news for the next few months and people feel more comfortable about spending discretionary dollars. Update on the ICSC Florida show: I couldn’t make it because of other obligations; Alyson said it was quiet but the mood was better than last year and some people were happy since they’ve been doing a few deals, mainly with small shops, but a deal is a deal no matter how much space they take. Attendance was down, but that’s to be expected in that market. While we’re on press with this issue, we’ll be in San Diego for the ICSC’s Western States Conference. I expect attendance to be down there too, but I’ll give you an update in my next column on the shows in San Diego and Philly. Stop by and see us at the Philadelphia show. Ann O’Neal, Publisher www.dealmakers.net
Profile — A monthly column featuring retail real estate companies ARC Properties, Inc. — A garden state company anticipates its harvest by Nicholas Hamner Fall throughout the New York-Washington, DC corridor is routinely associated with a time of harvest. Farmers, professional and recreational alike, spend the spring preparing the land and the summer tending their crops in anticipation for this time of year. For ARC Properties, Inc., these coming months are their time of harvest; to reap the fruits of their 25 years of labor. The company was founded in the mid 1980s by Robert Ambrosi and Marc Perel as advisors to a group of European investors. Ambrosi, with a master’s degree in finance, a bachelors in engineering and a senior certificate in real estate, and Perel, a CPA with a bachelors in accounting, steered the company towards the development and acquisition of retail properties. Rounding out the company’s executive team are Steven L. Maloy, senior vice president of investments; Joseph M. Morena, executive vice president, land acquisitions; Bruce Nelson, CPA and controller; Gary S. Baumann, Esq.; Claudia Gibson, vice president; Gil Rivera, vice president of development; Neil Doornheim, property manager, and Michael R. Ambrosi, director of leasing and marketing.
Edison Crossroads | Edison, NJ
Today, ARC Properties, Inc. serves as the holding company for ARC Development, ARC Management, ARC International Fund and ARC Corporate Realty Trust, along with the soon-to-be launched ARC Property Trust, and considers itself well positioned to grow rapidly during the next 12 to 18 months. Robert Ambrosi says, “We are both an acquisitions firm as well as a development firm. When it gets more expensive to build than buy, we buy. When it gets more expensive to buy than build, we build.” Due to the unique conditions presented in the current economic climate, ARC is able
to acquire properties while simultaneously developing others. The company’s international fund has brought in capital from overseas in addition to money generated inhouse, leaving the company flush with the funding to grow in the coming years. The company looks to acquire single-tenant properties nationwide, with a preference for sites located in the New York to Washington, DC corridor. Suitable properties feature national credit tenants bound to NNN leases located within driving distance from an international airport. Ambrosi says, “We like general purpose properties, be they drug stores, supermarkets or department stores. Special use properties are not typically within our acquisition spectrum.” The company also plans to launch ARC Property Trust soon. He explains, “This venture will be aggressively acquiring single-tenant properties and is well capitalized.”
Home Improvement, ShopRite, Staples and HomeGoods as anchors. The company has also developed numerous build-to-suits, with tenants including Walgreens, Toys “R” Us, Petco, Borders, Thomasville, Target, Bed Bath & Beyond and OfficeMax. The preference to acquire and develop singletenant properties is a calculated move. Ambrosi says, “Ultimately, we want to be the dominant owners of single-tenant properties, on both the development and acquisition fronts.”
On the development side, the company looks for single-tenant projects within driving distance of its Clifton, NJ office in the New York-Washington, DC corridor. The company has also been known to develop power centers, which Ambrosi explains is a natural extension. He says, “Power centers are simply a grouping of three to four singletenant properties from our perspective.” Being a well-capitalized company with acquisition and development departments gives ARC a leg up when developing a project in the current economy. He explains, “We typically hold on to what we develop, and we have only sold 30% of the properties we have built. So today, if we develop a property for Walgreens with no buyer in sight, we have no problem holding on to it.”
Delran Town Center | Delran, NJ
ARC’s past developments have run the gamut from 14,000 sq.ft. drug stores to massive mixed-use projects with multiple components. Most notable among its recent projects are Edison Crossroads and Delran Towne Center. Edison Crossroads is a 350,000 sq.ft. retail center situated on a 30acre former industrial site in Edison, NJ. The center is anchored by Home Depot, Stop and Shop and Office Depot, and received a Brownsfield Reimbursement from the State of NJ along with acclaim from the Environmental Protection Agency. Delran Towne Center is a 500,000 sq.ft. power center situated on 65 acres in Delran, NJ, and features Lowe’s
While development and acquisitions have slowed to a crawl throughout the majority of the country, Ambrosi notes that the East Coast remains fairly strong. He says, “The barriers to entry are so high throughout the New York-Washington, DC corridor that, if a property can be built or becomes available, there will always be a demand for it.” And while the recession has presented its fair amount of challenges, he attributes the company’s success to the combined minds of its talent. He says, “We have 25 years of experience and a wealth of combined knowledge. Our ability to see projects and problems with both a finance and development viewpoint provides us a great advantage.” For the future, Ambrosi notes the company has more than 20 projects lined up, in addition to the launch of its new ARC Property Trust. He says, “Tremendous opportunities are available now. We sowed our seeds for 25 years, and now is our time to grow and see the fruits of our labor.” For more information, contact Michael Ambrosi, ARC Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973-249-1000; Email: mambrosi@arcproperties.com; Web D site: www.arcproperties.com. M
To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at ann@dealmakers.net. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd. page 8
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Who’s Opening and Where Whole Foods Market, Inc. (512-477-4455) will open a 50,000 sq.ft. Whole Foods Market at The Collection at RiverPark, a 600,000 sq.ft. retail center located in Oxnard, CA, during the fall of 2010. The later opening comes as a result of the center’s opening being delayed until that time. Also slated to open at the center are Century Theatres and REI. The Collection at Riverpark is the retail component of a master-planned community featuring educational, park and residential components. Cheba Hut Franchising, Inc. (480-649-7827) plans to open four Cheba Hut restaurants during the next several years, including a location near the University of Denver in Denver, CO which is slated to open during the fall of 2011. The company opened its first Denver restaurant along Champa Street last month, and currently operates 11 sandwich shops throughout AZ, CO and NM. Home Depot, Inc. (770-433-8211) plans to open 13 Home Depot home improvement stores this year. The company is slowing its annual expansion in an effort to improve the efficiency and sales per square foot figures at existing locations.
Dick’s Sporting Goods, Inc. (724-273-3400) will open a Dick’s Sporting Goods store in a former Joe’s Sports & Outdoors site at Cascade Village Shopping Center in Bend, OR during November. The company is also slated to open a location at The Domain in Austin, TX next month. TAWA Supermarket, Inc. (714-521-8899) plans to open a 60,000 sq.ft. 99 Ranch Market store at Spring Creek Crossing, a 145,000 sq.ft. center currently under redevelopment at the intersection of Spring Creek Parkway and North Central Expressway in Plano, TX. The company also plans to open a store in Houston, TX, with the two openings marking its debut in TX. The company currently operates 27 supermarkets, which cater to an ethnic clientele, throughout the western U.S. Red Robin Gourmet Burgers, Inc. (303-8466000) will open seven or eight Red Robin restaurants throughout the remainder of this year along with five or six locations that will be operated through franchisees. The company currently operates 298 companyowned restaurants and 130 franchise locations nationwide.
Wal-Mart Stores, Inc. (479-273-4000) plans to open a 176,000 sq.ft. Walmart Supercenter at the intersection of Southeast Maricamp Road and Midway Road in Silver Springs Shores, FL during early 2011, with plans to break ground on the project during the early part of 2010. The company originally planned to open a 204,000 sq.ft. building but scaled the project back citing local needs and economic conditions. The project was to include a Tire Lube Express center and a drive-thru pharmacy, but will now feature a liquor store. The opening will be the company’s sixth in Marion County, FL, with three stores located in Ocala along with stores in Dunnellon and Summerfield. Lucky Strike Entertainment, LLC (818-9333752) will open a Lucky Strike Lanes & Lounge at Houston Pavilions, a 700,000 sq.ft. retail and entertainment center located in Houston, TX, later this month. The boutique bowling alleys feature modern décor and a restaurant serving appetizers, pizzas, burgers, sandwiches, salads and desserts. With the opening, the company’s first in TX, it will operate 23 bowling alleys nationwide. (continued on page twelve)
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NEW ARIZONA DEVELOPMENTS OPENED IN 2008/2009 Tucson Spectrum Phase I & II / SWC Interstate 19 and Irvington Rd. / Tucson, AZ / 1.0M SF Regional Power Center anchored by Target, JC Penney, Harkins, Best Buy and more. Circle Cross Ranch / SWC Gantzel Rd. and Combs Rd. / Pinal County, AZ / Anchored by Fry’s Marketplace. Marketplace at Prasada / SEC Cotton Lane and Greenway Rd. / Surprise, AZ / Anchored by Fry’s Marketplace. Mountainside Crossing / SEC Lake Pleasant Rd. and Happy Valley Rd. / Peoria, AZ / Anchored by Mountainside Fitness.
FUTURE PROJECTS Salt River Commons / SEC Pima Rd. & Via de Ventura / Scottsdale, AZ / 392k SF. Marana Spectrum / SEC Interstate 10 & Linda Vista Blvd. / Marana, AZ / 1.8M SF
Who’s Opening and Where (continued from page ten)
Lowe’s Cos., Inc. (704-758-1000) plans to open between 62 and 66 Lowe’s Home Improvement centers this year, including 11 during the fiscal third quarter. The projection is a narrowing of the company’s initial forecast of between 60 and 70 openings. For 2010, the company plans to open between 35 and 45 home improvement superstores. Dillard’s, Inc. (501-376-5200) will open a Dillard’s department store in the 600,000 sq.ft. second phase of The Domain, a mixeduse center located in Austin, TX slated to open during February 2010.
Rural King Supply, Inc. (217-235-7101) will open a 120,000 sq.ft. Rural King store along West Marketview Drive in Champaign, IL next month, in a site that previously housed Steve & Barry’s and, before that, Walmart. The stores offer farm equipment, tools, lawn and garden supplies, work wear, livestock feed, clothing, housewares, toys and pet supplies. The new location will also feature a drive-thru feed department and house a First Mid-Illinois Bank & Trust branch. The company also plans to renovate its Rantoul, IL store. The company currently operates 43 locations throughout IL, IN, KY, MI, OH and TN.
Kohl’s, Inc. (262-703-7000) will open a 69,000 sq.ft. Kohl’s at Bend River Promenade, located along Bend Parkway in Bend, OR, during the spring of 2010. The stores offer men’s, women’s and children’s clothing, accessories, beauty supplies and home products. The company currently operates 1,022 of the moderately-priced department stores nationwide. BJ’s Restaurants, Inc. (714-500-2400) plans to open six restaurants this year, having recently opened an 8,600 sq.ft. BJ’s Restaurant & Brewhouse at Shorewood Center Mall in Downey, CA. The company currently operates 86 casual dining restaurants throughout AZ, CA, CO, FL, IN, KY, LA, NV, OH, OK, OR, TX and WA trading as BJ’s Restaurant & Brewhouse, BJ’s Restaurant & Brewery and BJ’s Pizza & Grill. NexCen Brands, Inc. (212-277-1100), through its master franchisee, plans to open 100 Marble Slab Creamery ice cream parlors throughout Canada during the coming four years. The company recently opened its 50th Marble Slab Creamery location in Canada with a parlor located in Barrie, Ontario. The ice cream parlors offer super-premium ice cream hand-mixed with fruit, nuts, candies and cookies. The company franchises the TAF and Shoebox New York concepts along with the Great American Cookies, MaggieMoo’s, Pretzelmaker, Pretzel Time and Marble Slab Creamery quick-service restaurant concepts.
Every growing retailer needs a little DRC.
CROMWELL AVENUE SHOPS | ROCKY HILL, CT
New strip center anchored by CBT Bank. Great location on Cromwell Avenue just off Route 160 and I-91 in Hartford County. 11,500 SF office and retail space available with 4,200 SF approved for restaurant. Local area tenants: Big Y Supermarket, CVS, and Starbucks.
CROSS POINTE CENTRE | FAYETTEVILLE, NC
Located at the intersection of US 401 Bypass and Morganton Road, Cross Pointe Centre is a 237,167 SF power center anchored by Shoe Carnival, Staples, T.J. Maxx, Bed Bath & Beyond, ULTA and A.C. Moore. Cross Creek Mall is directly across the street. Other major retailers in the immediate area include Lowe’s, Target, Home Depot, Kohl’s and Hobby Lobby. 47,355 SF available in premier endcap space.
PALMERONE FARMS | NEWBURGH, NY
28,800 SF neighborhood center on 10-acre site located at the hightraffic intersection of Routes 300 and 17K near Lowe’s, Home Depot, Kohl’s, Target, Stewart Airport and more. Anchor tenants include Longhorn Steakhouse, Chili’s, Panera Bread, and Verizon. 2,300 SF pad available.
COLUMBIA PLAZA | BLOOMSBURG, PA
11,578 SF neighborhood center featuring Blockbuster and Rita’s Italian Ice. Located on Columbia Boulevard (Route 11) just off I-80, 40 miles southwest of Wilkes-Barre and just two miles from Bloomsburg University. 5,800 SF available.
Forever 21, Inc. (213-741-5100) will open a Forever 21 location in a former Macy’s site at Inland Center Mall in San Bernardino, CA later this year. The company opened two stores in former Gottschalks sites in Riverside Plaza in Inland Empire, CA and Hemet Valley Mall in Hemet, CA last month. The Riverside Plaza location occupies 90,000 sq.ft. across two levels of the three-level building, and plans to expand into a portion of the third level by the 2009 holiday season. The stores feature five of the company’s concepts: Forever 21 apparel and accessories; Twelve by Twelve, a couture line; Heritage 1981, a lifestyle brand for men and women; Faith 21, the company’s new plus-size line, and Love 21, a contemporary women’s line. D M
SHOPS at OLD YORK | YORK COUNTY, PA
New 16-acre retail development site located on Old York Road right off the Pennsylvania Turnpike. 75,000 SF available along with two 1.5 acre pads, adjacent to operating CVS. Will build to suit. The entire site is fully approved and also available for an outright sale.
NEWTOWN SHOPS on MAIN | WILLIAMSBURG, VA 433 South Main Street West Hartford, CT 06110 T 860.561.0121 F 860.521.4323 developers-realty.com Kelly Voss | kelly@developers-realty.com
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September 18, 2009
253,000 SF center in the heart of a 365-acre mixed-use community center on Monticello Avenue featuring 1.7 million SF of specialty retail, office, residential and entertainment. Join Barnes & Noble, Old Navy, Panera Bread, Lane Bryant and many more! 1,171 to 10,778 SF retail space available. Two 9,000 SF on-site land parcels available for sale for office/retail. The
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129MIX09
Over
6900
locations ...and growing strong. CVS/pharmacy is looking to add to our existing store fleet via strategic growth in quality, convenient locations. Now serving our customers in 41 states and the District of Columbia.
The best locations share these features... • Prototype size is 12,900 sf with Drive-Thru Pharmacy • Minimum 1.5 acres of land to accommodate parking for 60+ cars • Highly visible with pylon sign identity • Easy access, high traffic volume and free standing
Please contact us at 401-770-4310 with your site.
• Real Estate • Construction & Engineering • Real Estate Finance • Property Administration
Visit our web site at
to obtain additional information.
Food Retailers Expand Nationwide Central Park of America, Inc. trades as Central Park Restaurant at 33 locations throughout AL, GA, ID, IL, NC, SC, TN and UT. The restaurants occupy spaces of 550 sq.ft. in freestanding locations. Growth opportunities are sough throughout AL, GA, NC, SC and TN during the coming 18 months. For more information, contact Dan Farrell, Central Park of America, Inc., 5751 Uptain Road, Suite 210, Chattanooga, TN 37402; 423-855-0991, Fax 423-899-5923. Wetzel’s Pretzels operates 260 locations nationwide and internationally. The shops, offering pretzels, lemonade and hot dogs, occupy spaces of 400 sq.ft. to 700 sq.ft. in malls. Growth opportunities are sought throughout the northeastern and northwestern regions of the U.S. during the coming 18 months. Typical leases run 10 years. Major competitors include Auntie Anne’s. The company is franchising. For more information, contact Liz Dutchess, Wetzel’s Pretzels, 35 Hugus Valley, Suite 300, Pasadena, CA 91103; 626-432-6900 Ext. 18, Fax 626-4326904; Email: liz@wetzels.com; Web site: www.wetzels.com.
Dibella’s Old Fashioned Submarines, Inc. trades as Dibella’s Old Fashioned Submarines at 15 locations throughout MI, NY, OH and PA. The restaurants, offering sandwiches and hot subs, occupy spaces of 3,200 sq.ft. to 3,600 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Home Depot, Lowe’s Home Improvement and Best Buy. Preferred demographics include a population of 100,000 within three miles earning $50,000 as the average household income. For more information, contact Greg Barkstrom, Dibella’s Old Fashioned Submarines, Inc., 20 North Union Street, Rochester, NY 14607; 585-2623630, Fax 585-262-2099; Web site: www.dibellas.com. Best Bagels In Town operates seven locations throughout NC, NY, SC and TN. The bagel shops occupy spaces of 1,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout NY during the coming 18 months. Typical
leases run 10 years. Preferred demographics include a population of 50,000 within two miles earning $70,000 as the average household income. For more information, contact Florio Squatriglia, Best Bagels In Town, 480-19 Patchogue Holbrook Road, NY 11741; 631472-4104, Fax 631-472-4105. Benihana, Inc. trades as Haru at nine locations throughout Boston, MA; Philadelphia, PA and New York, NY. The Japanese restaurants occupy spaces of 6,000 sq.ft. to 6,500 sq.ft. in inline spaces. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months. The company also trades as RA Sushi at 25 locations throughout AZ, CA, FL, IL, MD, NV and TX. The restaurants occupy spaces of 5,000 sq.ft. in inline spaces of shopping centers. Growth opportunities are sought throughout major metropolitan markets nationwide during the coming 18 months. For more information, contact Kevin Murray, Benihana, Inc., 8685 Northwest 53rd Terrace, Miami, FL 33166; 305-5930770, Fax 305-592-6371; Web sites: www.harusushi.com and www.rasushi.com. (continued on page sixteen)
VANICK PROPERTIES INCORPORATED
381 Broadway, Westwood, NJ 07675 ~ Tel: 201.666.7710
Nicholas J. Aynilian - President
Mt. Holly / Lumberton, NJ ~ Evergreen Plaza 10,000 SF Pad ~ 5,600 SF - 11,000 SF Stores 60,000 SF Build to Suit Retail or Office Space
Middlesex, NJ ~ Westmarket Center 200,000 SF New Retail & Entertainment Center 36,000 SF New Office Space Middlesex, NJ ~ Lincoln Blvd. Office Space 1,200 SF - 4,000 SF Warehouse 1,300 SF - 8,100 SF
Fax: 201.666.7714
Scranton, PA ~ Greenridge Plaza 57,000 SF (Divisible); 1,500 SF - 7,500 SF Stores 5,000 SF Pad Site Pennsburg, PA ~Pennsburg Square Shopping Center 4,000 SF Store Pittston, PA ~ Pittston Plaza ~ 1.5 Acre Pad on RT 11 2000 SF - 2,500 SF Stores Scranton, PA ~ Luzerne Street Shopping Center 7,300 SF Store
Union City, NJ ~ Store Front 3,000 SF Apartments 2 - 3 Bedrooms Warehouse 17,000 SF ~ Vacant Lot 30’ x 80’
Union, NJ ~ RT 22 ~ Union 22 Town Center 4,000 SF - 9,800 SF Stores - 6,000 SF Pad
Hazleton, PA ~ Hazleton Shopping Center 3,755 SF - 14,000 SF Stores ~ 4,000 SF Pad Site Bethlehem, PA ~ Stefko Blvd. 1,700 SF New Store ~ Good for Cafe
Jersey City, NJ ~ Warehouse 36,000 SF
Reading, PA ~ Downtown 50,000 SF Mix Use Building
Aberdeen, NJ ~ New Office Builidng - 5,600 SF
Selinsgrove, PA ~ RTS 11 & 15 ~ 2,400 SF New Store
info@vanickproperties.com www.vanickproperties.com page 14
VPI
September 18, 2009
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Food Retailers Expand Nationwide (continued from page fourteen)
Frida Mexican Cuisine operates four locations in Beverly Hills, Chula Vista, Glendale and Santa Monica, CA. The Mexican restaurants occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and street fronts. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Ira Spilky & Associates. The company prefers sites with an outdoor patio and will consider locating in existing restaurant spaces and historic buildings. Little Sheep Mongolian Hot Pot & Grill operates four locations throughout CA and Canada. The restaurants occupy spaces of 4,500 sq.ft. to 7,000 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Ira Spilky & Associates. The company will consider existing restaurant locations and prefers to locate in spaces with an outdoor patio, excellent visibility and strong traffic counts. For more information, contact Ira Spilky, Ira Spilky & Associates, 2566 Overland Avenue, Suite 660, Los Angeles, CA 90064.
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The
Good Times Restaurants, Inc. trades as Good Times Burgers & Frozen Custard at 52 locations throughout CO, ID, ND and WY. The restaurants occupy spaces of 1,900 sq.ft. to 2,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout CO, NE and SD during the coming 18 months. Typical leases run 15 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 10,000 within one mile earning $50,000 as the average household income. Major competitors include Dairy Queen, Sonic Drive-In and Wendy’s. A land area of 25,000 sq.ft. to 30,000 sq.ft. is required. The company is franchising. For more information, contact Boyd Hoback, Good Times Restaurants, Inc., 601 Corporate Circle, Golden, CO 80401-5622; 303-384-1400, Fax 303-273-0177; Email: bhoback@gtrestaurants.com. Family Buffet, Inc. trades as Family Buffet at eight locations throughout MA, NH and NY. The restaurants occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations and lifestyle, power and strip centers. Growth opportunities are sought throughout the existing markets, as well as CT, FL and MD,
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during the coming 18 months. Typical leases run 15 years. Preferred cotenants include Barnes & Noble, Olive Garden and Walmart. The company is franchising. For more information, contact Michelle Sui, Family Buffet, Inc., 19 Gates Street, Concord, NH 03301; 603-568-5608, Fax 603-225-3835. Subway operates 31,602 locations nationwide and internationally. The sandwich shops occupy spaces of 800 sq.ft. to 1,200 sq.ft. in freestanding locations and entertainment, lifestyle, power, specialty and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout Los Angeles County, CA during the coming 18 months, with representation by Ohcal Foods, LLC. Typical leases run 20 years. A vanilla shell is required. Major competitors include Blimpie and Quiznos. For more information, contact Joyce Lichten or Carol Jiminez, Ohcal Foods, LLC, 20501 Ventura Boulevard, Suite 375, Woodland Hills, CA 91364; 818715-9400 Ext. 227, Fax 818-715-0542; Email: jlichten@ohcal.com; Web site: www.subway.com. (continued on page twenty-five)
New Construction Cullinan Properties, Ltd. is developing Waller Town Center, a 160-acre center located at the intersection of U.S. 290, Route 2920 and Binford Road in Waller, TX. Tradearea demographics include a population of 705,749 earning an average household income of $90,212. The first phase of the project is slated to open during 2012. The company is also developing East Peoria/ Downtown 2010, an 86-acre mixed-use project located in East Peoria, IL. The project includes a 500,000 sq.ft. retail component and a 300,000 sq.ft. office component, along with live/work and civic components. Area retail includes Buffalo Wild Wings, Panera Bread, T.G.I. Friday’s, Logan’s Roadhouse, Granite City Food & Brewery and PetSmart. The first phase is slated to open during 2010. The company is also developing Southpointe Town Center, located in Southpointe, PA. Kerasotes ShowPlace Theatre anchors the center, and restaurant and retail spaces are available. Area demographics include a population of 253,781 within a 10-mile radius earning an average household income of $83,315. The first phase is slated to open during 2010. For more information regarding Waller Town Center, contact Gary O’Nesti, Cullinan Properties, Ltd., 211 Fulton Street, Peoria, IL 61602; 330-743-2149; Email: gonesti@cullprop.com; Web site: www.cullinanproperties.com. For more information regarding East Peoria/Downtown 2010, contact Kathleen Cullinan-Brill, Suzanne Williams or Kim LeHew; 630286-0179, 309-999-1717 or 309-9991706; Emails: kcullinan@cullprop.com, swilliams@cullprop.com and klehew@cullprop.com. For more information regarding Southpointe Town Center, contact Al George; 330-743-2149; Email: ageorge@cullprop.com.
Ironwood Property Group, LP is developing Tilden Ridge Shopping Center, a power center located at the intersection of Route 61 and Route 78 in Tilden Township, PA. Lowe’s Home Improvement and Walmart Supercenter will anchor the center, and a total of 100,000 sq.ft. of shop space is available. The center is slated to open between the fall of 2010 and spring of 2011. For more information, contact Eric Knopping, Ironwood Property Group, LP, 70 Portland Road, West Conshohocken, PA 19428; 610-941-1164, Fax 610-941-1165; Email: eknopping@ironwoodpropertygroup.com; Web site: www.ironwoodpropertygroup.com.
Integrity Commercial Brokerage is redeveloping a 17-acre parcel located at the intersection of Main Street and Imperial Highway in Yorba Linda, CA. Area retail includes Costco and Borders. Area demographics include a population of 68,000 within a 10-mile radius earning a median household income of $121,000. For more information, contact Heather Francine, Integrity Commercial Brokerage, 18208 Imperial Highway, Yorba Linda, CA 92886; 714-961-6003 Ext. 203, Fax 714-961-5497; Email: heather@integrity-commercial.com. (continued on page eighteen)
The Town of Cicero is redeveloping Sportsman’s Park, a 66-acre former racetrack located at the intersection of Laramie Avenue and Cicero Avenue in Cicero, IL. The project is flexible and can include anchor, junior anchor and shop spaces along with outlots. Area retail includes Target, Home Depot, Food for Less, Sam’s Club, A.J. Wright, FAMSA, McDonald’s, Starbucks, Menards, Kerasotes Theater, Panda Express and Office Depot. Trade-area demographics include a population of 109,429 earning an average household income of $43,505. For more information, contact The Town of Cicero, 4949 West Cermak Road, Cicero, IL 60804; 708-656-3600 Ext. 450, Fax 708-222-4532; Email: spdevelopment@thetownofcicero.com; Web site: www.thetownofcicero.com. www.dealmakers.net
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September 18, 2009
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New Construction (continued from page seventeen)
Wolford Development, Inc. is developing Shops at East Prairie, a 648,000 sq.ft. lifestyle center situated on 156 acres at the intersection of Interstate Highway 35 and East 13th Street in Ames, IA. Trade-area demographics include a population of 220,032 earning an average household income of $67,386. The center is slated to open during the fall of 2012. The company is also developing a 420,000 sq.ft. power center as an additional phase to Shops at East Prairie, which is slated to open during the fall of 2013. The company is also developing The Shops at Glacier Town Center, a 600,000 sq.ft. retail center located
within the Glacier Town Center mixed-use development located along U.S. Highway 93 in Kalispell, MT. Trade-area demographics include a population of 185,307 earning an average household income of $59,000. The center is slated to open during the fall of 2012. The company is also developing a 375,000 sq.ft. power center as an additional phase to The Shops at Glacier Town Center which is slated to open during the fall of 2013. For more information, contact Wolford Development, Inc., Brabson Place, 412 Georgia Avenue, Suite 200, Chattanooga, TN 37403-1845; 423-874-0811; Web site: www.wolforddevelopment.com.
E S E H T E K I L S E TIM ! E N O Z O T U A R O CALL F
Barclay Group is preleasing Salt River Commons, a 392,000 sq.ft. center located at the intersection of Pima Road and Via de Ventura in Scottsdale, AZ. The company is also preleasing Marana Spectrum, a 1.8 million sq.ft. center located at the intersection of Interstate 10 and Linda Vista Boulevard in Marana, AZ. For more information, contact Barclay Group, 7702 East Doubletree Ranch Road, Suite 220, Scottsdale, AZ 85258; 480596-9399, Fax 480-596-6366; Web site: www.barclaygroup.net. Next Realty Mid-Atlantic, LLC is preleasing a 4,300 sq.ft. expansion space at Sycolin Corner, located at the intersection of Sycolin Road and Battlefield Parkway in Leesburg, VA. Walgreens anchors the center and cotenants include Kiddie Academy. The expansion is slated to open during January 2010. For more information, contact Ray Schupp or Andrew Rose, Next Realty Mid-Atlantic, LLC, 1750 Old Meadow Road, Suite 250, McLean, VA 22102; 703-442-4500 Ext. 21/26, Fax 703-4428818; Emails: rschupp@nextrealty.com and arose@nextrealty.com; Web site: www.nextrealty.com. RD Management, LLC is preleasing Vineland Marketplace, a 273,657 sq.ft. center located at the intersection of Route 47/Delsea Drive and College Drive in Vineland, NJ. Shop spaces and outlots are available. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.
Growing Strong...Over 4,300 stores, and we open more every week Stores That Are 100% Company Owned And Operated...No franchisees 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 Rock Solid...AutoZone continues to grow and prosper during these challenging times
+ 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, ground leases, existing space, and build-to-suit opportunities considered
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,100 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and over 150 stores in Mexico.
Visit our website at www.autozonerealestate.com for additional information STORE DEVELOPMENT DEPT. | P.O. BOX 2198 | MEMPHIS, TN 38101 | FAX: [901] 495–8969 ©2009 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.
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September 18, 2009
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De Rito Partners, Inc. is developing McClintock Village, a 25-acre mixed-use project located at the intersection of McClintock Drive and Chandler Boulevard in Chandler, AZ. Tenants include Tesco Fresh & Easy Neighborhood Market, Buffalo Wild Wings, Country Kitchen Restaurant, El Paso Grill and Sandbar Mexican Cantina, which occupy pad sites. Major and shop spaces are available. Area retail include the great indoors, RAZMATAZ, Pier 1 Imports, Michaels, PetSmart, Lowe’s Home Improvement, OfficeMax, Ultimate Electronics, Nordstrom Rack, Ross Dress for Less, T.J. Maxx and Best Buy. Area demographics include a population of 283,108 within a five-mile radius earning an average household income of $75,693. For more information, contact Judi Butterworth or Paul Serafin, De Rito Partners, Inc., 3200 East Camelback Road, Suite 175, Phoenix, AZ 85018; 602-553-2944/2943, Fax 602-3811981; Emails: judi.butterworth@derito.com and paul.serafin@derito.com; Web site: D M www.derito.com.
Buyers and Sellers Fox Properties, LLC is selling a 14,490 sq.ft. Walgreens situated on a land area of 88,669 sq.ft. along West Main Street in League City, TX. The tenant is bound to a 20-year lease set to expire during January 2022 featuring eight, five-year options. Area demographics include a population of 235,055 within a seven-mile radius earning an average household income of $81,294. The NOI is $362,000. The asking price is $5.171 million with a Cap rate of 7%. For more information, contact Amanda Fox, Fox Properties, LLC, 1177 West Loop South, Suite 1670, Houston, TX 86033; 713-622-2007, Fax 713-993-0103; Email: amanda@fox-properties.net. Paramount Realty Services, Inc. is looking to acquire retail properties throughout CT, DE, MD, NJ, NY and PA. Suitable properties are stabilized grocery-anchored centers or lifestyle, specialty, community or power centers with GLAs above 50,000 sq.ft. and priced above $10 million. For more information, contact Maurice Zekaria, Paramount Realty Services, Inc., 1195 Route 70, Suite 2000, Lakewood, NJ 08701; 732-961-8112; Email: mz@prs-nj.com; Web site: www.prs-nj.com.
Allied Real Estate, LLC is selling a threebuilding retail site situated on 0.25 acres in Dedham, MA. The asking price is $1.3 million. The company is also selling a 3,276 sq.ft. retail building situated on a land area of 14,594 sq.ft. in Norfolk County, MA. The asking price is $800,000. The company is also selling an 87,780 sq.ft. development site, approved for a three-level, 39,000 sq.ft. building, located in the Hyde Park area of Boston, MA The asking price is $2.6 million. For more information, contact Richard D. Laham, Allied Real Estate, LLC, 16 Alaric Street, West Roxbury, MA 02132-3904; 617323-9988; Email: rdlaham@alliedne.com or rdlaham@verizon.net. Real Properties, LLC is selling a 7.6-acre parcel located along Morris Avenue between Onieda Street and Holmgram Way in the Ashwaubenon area of Green Bay, WI. Area retail includes Pioneer Credit Union and Bay Park Square. Area draws include Lambeau Field and Veterans Memorial Arena. For more information, contact Ron Krajewski, Real Properties, LLC; 920-2130036; Email: realproperties@netnet.net; Web site: www.realpropertiesllc.net.
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Zelnik Realty, Ltd. is selling an Ace Hardware site located in Garfield Heights, OH. The asking price is $1.125 million with a Cap rate of 10%. For more information, contact Matt Yunker, Zelnik Realty, Ltd.; 440-344-6038; Email: mattyunker@gmail.com. Echo Retail is selling a 20,868 sq.ft. former Office Depot located on Edinborough Road in Erie, PA. The company is also selling a 25,142 sq.ft. former Office Depot located on East Lincoln Highway in Langhorne, PA. For more information, contact Aaron Savin, Echo Retail; 412-967-6105; Email: asavin@echoretail.com; Web site: www.echoretail.com. Formco Realty, LLC is selling a 72,957 sq.ft. former Walmart and an adjacent 10,000 sq.ft. retail space situated on 8.7 acres along 2nd Street in Coshocton, OH. Area demographics include a population of 29,564 within a 10mile radius earning an average household income of $46,419. For more information, contact Formco Realty, LLC, 2720 Van Aken Boulevard, Suite 200, Cleveland, OH 44120. (continued on page twenty-two)
September 18, 2009
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Buyers and Sellers The Rotella Group, Inc. is selling a 6,303 sq.ft. former Roadhouse Grill site located along Pines Boulevard in Pembroke Pines, FL. Area demographics include a population of 122,967 within a three-mile radius earning an average household income of $84,712. The average daily traffic count is 48,000 vehicles. The asking price is $1.995 million. For more information, contact Steve Miller or Bruce Smith, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597;Emails:steve@rotellagroup.com and buzz@rotellagroup.com; Web site: www.rotellagroup.com.
(continued from page nineteen)
JRM Associates Real Estate Advisors, Ltd. is selling a 51,762 sq.ft. Jewel/Osco site located along West Division Street in Morris, IL. The tenant is bound to a 25-year NNN lease commenced during 1999 with 15 years remaining on the original lease term. The asking price is $7.6 million. For more information, contact Peter Ulrich, JRM Associates Real Estate Advisors, Ltd., 111 West Washington Street, Suite 1421, Chicago, IL 60602; 312-332-4187; Email: peterulrich@jrmassociates.com. Or Barclay Welch, Ansonia Properties; 312-492-8866; Email: bwelch@ansoniaproperties.com.
EXCESS SPACE PORTFOLIO CLOSED/OWNED
SUBLEASE AVAILABLE
DOWNSIZING
Maine South Portland 301 Maine Mall Road 20,442 SF for Sale or Lease
Connecticut Manchester 1464 Pleasant Valley Road 15,475 SF Sublease Available
New York Williamsville 8040 Main Street 6,000 SF Sublease Available
New Hampshire Nashua 270 Daniel Webster Highway 22,162 SF for Sale or Lease
Manchester 110 B Slater Street 20,000 SF Sublease Available
Pennsylvania Allentown 480 South Cedar Crest Blvd 7,850 SF Sublease Available
New Jersey Deptford 409 Almonesson Road 25,068 SF for Sale or Lease East Brunswick 257 Route 18 20,962 SF for Sale or Lease
Massachusetts Framingham 341 Conchituate Road 41,995 SF Sublease Available North Attleboro North Attleboro 21,500 SF Sublease Available
Freehold 500 Trotter Way 22,295 SF for Sale or Lease
New Jersey North Brunswick 959 US Route 1 14,103 SF Sublease Available
Mays Landing 3885 Black Horse Pike 16,487 SF for Sale or Lease
Pennsylvania Bloomsburg I-80&SR 42 19,910 SF Sublease Available
New York Lake Grove 1995 Nesconset Highway 19,417 SF for Sale or Lease
Hermitage Hermitage Road 25,000 SF Sublease Available
Pennsylvania Erie 1920 Edinborough Road 20,868 SF for Sale Langhorne 2635 East Lincoln Highway 25,142 SF for Sale
Local Brokers: New England
New York Metro
Mark Doherty Patrick Smith mark.doherty@srse.com patrick.smith@srse.com 617.725.1970 212.710.5250
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Wilkes-Barre 453 Wilkes-Barre Township Blvd. 19,154 SF Sublease Available Williamsport 1736 East 3rd Street 20,000 SF Sublease Available
State College 387 Benner Pike 6,200 SF Sublease Available West Virginia Mogantown 727 Chestnut Ridge Road 6,800 SF Sublease Available Parkersburg 4030 Murduch Avenue 5,600 SF Sublease Available
Presented By:
ECHO R E TA I L Aaron Savin asavin@echoretail 412.967-6105 www.echoretail.com
York Loucks Road 22,802 SF Sublease Available NY State
Philly Metro
James Lavelle jlavelle@widewaters.com 315.445.2424
Rob Cooper rcooper@metrocommercial.com 856.222.3054
September 18, 2009
The
Dealmakers
PA(Central & Western)
WV
ECHO
ECHO
James Murphy Brad Kelly jmurphy@echoretail.com bkelly@echoretail.com 412.968.1970 412.968.1659
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Kin Properties is selling a 21,616 sq.ft. retail building situated on 1.95 acres along Hickman Road in Des Moines, IA. Area demographics include a population of 193,485 within a fivemile radius earning an average household income of $70,554. The asking price is $1.375 million. The company is also selling an 8,400 sq.ft. retail building situated on one acre along West Brown Deer Road in Brown Deer, WI. Area retail includes Walmart, Target, Menards, Walgreens and Pick’n Save. Area demographics include a population of 146,058 within a five-mile radius earning an average household income of $65,930. The average daily traffic count is 34,000 vehicles. The asking price is $650,000. The company is also selling a 5,400 sq.ft. retail building situated on 0.54 acres along South Bowen Road in Pantego, TX. Area retail includes Tom Thumb, Hollywood Video and Dollar General. Area demographics include a population of 282,343 within a five-mile radius earning an average household income of $63,094. The asking price is $395,000. For more information regarding the IA and TX properties, contact Len Weiselberg or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888546-7767 Ext. 112/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com. For more information regarding the WI property, contact Len Weiselberg. Sperry Van Ness/Lighthouse Commercial Realty negotiated the $4.09 million sale of a 14,470 sq.ft. Walgreens situated on 1.69 acres in Clayton, NC. The tenant is bound to a 25-year NNN lease commenced during 2004. The company represented the seller and Berkley Capital Advisors represented the buyer. For more information, contact Heidi M. Palmer, Sperry Van Ness/Lighthouse Commercial Realty, 13900 Conlan Circle, Suite 100, Charlotte, NC 28277; 704759-3800 Ext. 10, Fax 704-759-3801; Email: heidi.palmer@svn.com; Web site: www.svnlighthouse.com. Draper and Kramer is selling Lake Holiday Plaza Shopping Center, a 58,095 sq.ft. IGA Food Store-anchored center located along Interstate 65 in northwestern IN. The center is 100% occupied. The company is also selling three outlots surrounding the project. For more information, contact Leon Athas, Draper and Kramer, 33 West Monroe Street, Chicago, IL 60603; 312-795-2594; Email: athasl@draperandkramer.com; Web site: www.dkbrokerage.com.
Exclusives and Leasing Assignments
Buyers and Sellers Next Realty is selling a 23-acre parcel located at the intersection of IL Highway and Spencer Road in New Lenox, IL. Area retail includes Jewel, Walgreens, CVS and Lowe’s Home Improvement. Area demographics include a population of 75,990 within a five-mile radius earning an average household income of $99,253. The asking price is $995,000. For more information, contact Tracey Fitzgerald, Next Realty, 400 Skokie Boulevard, Suite 800, Northbrook, IL 60062; 847-881-2008, Fax 847-881-2200; Email: tfitzgerald@nextrealty.com; Web site: www.nextrealty.com. Hanley Investment Group negotiated the sale of Anaheim Hills Plaza, a 71,720 sq.ft. CVS-anchored center located at the intersection of Nohl Ranch Road and Anaheim Hills Road in Anaheim Hills, CA. Lin Investments acquired the center from a limited partnership. The company represented the buyer and seller in this transaction. For more information, contact Edward B. Hanley or Jeremy S. McChesney, Hanley Investment Group, 2030 Main Street, Suite 1650, Irvine, CA 92614; 949-5857677/7671, Fax 949-585-7611; Web site: www.hanleyinvestment.com. RCG Ventures acquired a 65,933 sq.ft. former Walmart site at Cordele Corners, located in Cordele, GA and anchored by It’s Fashion Metro and Dollar Tree. Tractor Supply Co. occupies a portion of the Walmart space under sublease. The company is also looking to acquire retail properties throughout the central and eastern regions of the U.S. For more information on the central U.S., contact Jim O’Donnell, RCG Ventures, 2970 Peachtree Road, Suite 805, Atlanta, GA 30305; 404-816-5454 Ext. 11; Email: jimo@rcgventures.com. For more information regarding the eastern U.S., contact Parker Blanchard; 404-816-5454 Ext. 15; Email: parkerb@rcgventures.com. RDO Commercial Real Estate Advisors is selling a 9,014 sq.ft. Dollar General situated on 1.1 acres in Oglethorpe, GA. The tenant is bound to a 15-year lease commenced last month featuring five, fiveyear options and 10% rent escalations with each option. The asking price is $795,000 with a Cap rate of 8.5%. For more information, contact Ryan O’Connell, RDO Commercial Real Estate Advisors, 3810 East Coolidge Street, Phoenix, AZ 85018; 602-424-3419; Email: ryan.oconnell@rdoinvestments.com; Web site: www.rdoinvestments.com.
Reichel Realty & Investments negotiated the sale of a freestanding former Wendy’s site located along U.S. Route 1 in Jensen Beach, FL. Square Treasure Foods, Inc. disposed of the property for $545,000. The company represented the seller in the transaction. The company also negotiated the sale of Howell Ridge Shopping Center, a 20,000 sq.ft. center with four outlots located in Greenville, SC. Southport Mortgage disposed of the property for $2 million. For more information, contact Reichel Realty & Investments, Inc., 8845 North Military Trail, Suite 100, Palm Beach Gardens, FL 33410; 561-478-4440, Fax 561478-4442.
Winick Realty Group (212-792-2601) represents Duane Reade with the chain’s expansion throughout northern NJ and New York and Westchester, NY, utilizing spaces of 6,000 sq.ft. to 12,000 sq.ft. The company also represents Rainbow with the chain’s expansion throughout Manhattan, NY, utilizing spaces of 4,000 sq.ft. to 10,000 sq.ft.
Dealmakers Realty, Inc. is selling a oneacre parcel located along Murrell Road in Rockledge, FL. The site is approved for a 7,500 sq.ft. retail building. Area retail includes Publix, Aldi, Walgreens and Starbucks. The asking price is $599,900. For more information, contact Gene Artusa, Dealmakers Realty, Inc., 700 North Wickham Road, Suite 104, Melbourne, FL 32935; 321-720-5053, Fax 321-254-0557; Email: gene@geneartusa.com; Web site: www.geneartusa.com.
Thur & Associates (703-879-4977) represents a regional Thai restaurant with its expansion throughout northern VA, utilizing spaces of 3,500 sq.ft. to 5,000 sq.ft.
CalWest Commercial, Inc. is selling a 5,775 sq.ft. building situated on 1.13 acres located at the intersection of North Blackstone Avenue and Griffith Way in Fresno, CA. The property is approved for a 14,000 sq.ft. retail builidng and a drive-thru. For more information, contact Denise Warner, CalWest Commercial, Inc., 7042 North West Avenue, Suite 201, Fresno, CA 93711; 559-433-5400, Fax 559-294-8100; Email: denise@calwestcommercial.com; Web site: www.calwestcommercial.com. The Collins Co. is selling a 42,000 sq.ft. former Levitz Furniture site located in Cerritos, CA. The asking price is $7.9 million. For more information, contact Deborah Collins, The Collins Co., 21604 Ventura Boulevard, Woodland Hills, CA 91364; 818225-1480; Email: deborah@thecollinsco.com; Web site: www.thecollinsco.com. May Commercial Group is selling outlots and pad sites located in Lowe’s Home Improvement- and Walmart Supercenteranchored centers in Danville, Georgetown, Mayfield and Mt. Sterling, KY. Some parcels are approved for strip centers. For more information, contact Brenda J. Legg, May Commercial Group, 131 Prosperous Place, Suite 19-A, Lexington, KY 40509; 859-263-2424, Fax 859-263-4667; Email: blegg@maygroup.com. DM
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The Lord Cos., LLC (312-944-6270 Ext. 14) represents Red Mango with the chain’s expansion throughout the Andersonville, Gold Coast, Michigan Avenue/State Street, River North and South Loop areas of Chicago, IL, utilizing spaces of 500 sq.ft. to 1,200 sq.ft. in shopping centers and in colleges and universities.
Titan Commercial (312-373-7100) represents Rose Beauty Supply Store with the chain’s expansion throughout the southern and western suburbs of Chicago, IL. The beauty supply stores prefer to occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in shopping centers and freestanding locations. The chain prefers to locate in areas with high traffic counts and moderate- to low-income demographics. Zifkin Realty & Development, LLC (312575-8650) represents Dollar Tree with the discount chain’s expansion throughout the Chicago, IL metropolitan area, utilizing spaces of 10,000 sq.ft. to 12,000 sq.ft. Michael Salove Co. (215-568-2600) represents Monkey Joe’s with the chain’s expansion throughout Harrisburg, Mechanicsburg and Philadelphia, PA. The children’s entertainment centers occupy spaces of 10,000 sq.ft. to 16,000 sq.ft. and require a minimum ceiling clearance of 18’. Baum Realty Group (312-666-3000) represents The Cellular Connection with the chain’s expansion throughout Algonquin, Bannockburn, Bellwood, Carol Stream, Chicago Heights, Country Club Hills, Des Plaines, Downers Grove, Hanover Park, Hoffman Estates, Lansing, Lindenhurst, Montgomery, Park Ridge, Streamwood and Zion, IL, utilizing spaces of 1,200 sq.ft. to 1,800 sq.ft., preferably in endcaps. Trout Daniel & Associates (410-435-4004) represents Casual Male XL in the chain’s presence and expansion throughout MD and Washington, DC. The men’s apparel retailer also trades as Casual Male XL Outlet and Rochester Big & Tall. DM September 18, 2009
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Sources of Financing
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AG Commercial, LLC brokered a $3.8 million loan for the construction of a 14,820 sq.ft. Walgreens on 3.16 acres at the intersection of U.S. Highway 31 and U.S. Highway 176 in Crystal Lake, IL. For more information, contact George Arvanitis, AG Commercial, LLC, 1600 Golf Road, Suite 1200, Rolling Meadows, IL 60008; 847-981-8014, Fax 847-981-8017; Email: george@ag-commercial.com; Web site: www.ag-commercial.com. Marcus & Millichap Capital Corp. provides financing for commercial properties nationwide. Notes are available for terms of five, seven, 10 and 15 years with loan-tovalue ratios ranging from 55% to 75% and interest rates ranging from 6.75% to 8.63%. The company also provides bridge loans for stabilized properties with a maximum loan-to-value ratio of 65% and an interest rate equivalent to 225 to 300 points over LIBOR, and for re-positioning projects with a maximum loan-to-value ratio of 80% and an interest rate equivalent to 275 to 350 points over LIBOR. For more information, contact Sean Mooney, Marcus & Millichap Capital Corp., 16 Court Street, Floor 2A, Brooklyn, NY 11241; 718-475-4377, Fax 212-202-5212; Email: smooney@marcusmillichap.com; Web site: www.mmcapcorp.com. CitySide International Corp. facilitated a $25.6 million loan for a retail property in FL. The loan was provided at a five-year term with a 25-year amortization and a loanto-value ratio of 75%. The company also facilitated a $30.8 million loan for a retail property in FL. The loan was provided at an eight-year term with a 25-year amortization and a loan-to-value ratio of 70%. The company also facilitated a mezzanine loan for a 61%-occupied property for a term of 24 months with an interest rate of 14%. The company also facilitated a $10 million loan for a 71%-occupied retail property in CA. The loan was provided at a 10-year term with an amortization schedule consisting of a three-year interest-only period followed by a 25-year table. The loan-to-value of the loan was 75%. The company facilitates financing for all income-producing property types nationwide. For more information, contact Andres Garcia, CitySide International Corp.; 305-496-1776; Email: agarcia@citysideinvestments.com. DM
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Real Estate Professionals Making the News
Food Retailers Expand Nationwide (continued from page sixteen)
Chuck E. Cheese’s operates 500 locations nationwide and internationally. The children’s entertainment centers and restaurants occupy spaces of 11,000 sq.ft. to 16,000 sq.ft. in locations at regional retail intersections. Growth opportunities are sought throughout Austin, Dallas/Ft. Worth, Houston, McAllen and San Antonio, TX during the coming 18 months, with representation by Foremark, Ltd. For more information, contact Keith Moore, Foremark, Ltd., 8235 Douglas Avenue, Suite 945, Dallas, TX 75225; 214-561-6503; Email: moore@foremark.com; Web site: www.chuckecheese.com. Jamba Juice Co. trades as Jamba Juice at 736 locations nationwide. The stores, offering healthy juices and foods, as well as including teas, smoothies and baked goods, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in endcaps of strip, lifestyle and power centers, malls, airports, street fronts and college campuses. Growth opportunities are sought throughout AZ, CA, CO, FL, HI, IL, NJ, NV, NY, OR, TX, UT and WA during the coming 18 months. Preferred cotenants include grocery stores, gyms, movie theaters, quick-serve restaurants and big box
retailers. Preferred demographics include a residential population of 45,000 within two miles and a daytime population of 15,000 within two miles. For more information, contact the Department of Real Estate, Jamba Juice Co., 6475 Christie Avenue, Suite 150, Emeryville, CA 94608; 510-596-0100; Email: realestate@jambajuice.com; Web site: www.jambajuice.com. Wendy’s International trades as Wendy’s at 6,600 locations nationwide and internationally. The fast-food hamburger restaurants occupy spaces of 3,300 sq.ft. in freestanding locations, inline spaces, food courts in malls, travel centers and colleges and universities. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 15 years. Preferred demographics include a population of 30,000 within a three-mile radius. A land area of one acre is required for freestanding locations. For more information, contact Robin Zelinski, Wendy’s International, One Dave Thomas Boulevard, Dublin, OH 43017; 614-764-3430, Fax 614-764-6737; Web site: www.wendys.com. DM
Spring Mill Capital Management, LLC (610688-9840) was founded recently by Michael C. Wachs, Steve Williams and David Lazarus, and will provide investment management and advisory services to investors in distressed commercial real estate debt. Prior to forming the company, Wachs served as president, chief operating officer, a principal and a director of AMC Delaney Group, Inc.; Lazarus served in various senior positions at Capmark Financial Group, Inc., and Williams served as senior managing director and co-head of the European commercial mortgage loan and commercial mortgagebacked securities group of Bear Stearns. CityView (310-566-8700) added J. David Martin and Lee H. Wagman as vice chairmen and co-owners. Prior to joining the company, Martin served as chairman of The Martin Group and the chief executive officer of YPOWPO, an international network of CEOs. Prior to joining the company, Wagman served as CEO of The Martin Group. The company is an investment firm focused on urban real estate, in-city housing and metropolitan infrastructure with a portfolio of properties valued above $2 billion throughout 45 communities nationwide. DM
Designing Success into Every Retail Project
973 884 7400 Visit us at dietzpartnership.com License No. 10815 East Hanover, New Jersey
Dallas, Texas
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Lease Signings Centro Properties Group (212-8693000) signed a lease with Chinese Buffet & Mongolian BBQ for 4,500 sq.ft. at Hanover Square, along Bell Creek Road in Mechanicsville, VA. The company also signed a lease with Sola Salon for 4,447 sq.ft. at Cascade East, located at the intersection of Thornhills Avenue Southeast and East 28th Street in Grand Rapids, MI. CB Richard Ellis represented the tenant in the transaction. The company also signed a lease with Avenue for 4,000 sq.ft. at Meridian Towne Centre, located at the intersection of Marsh Road and Central Park Drive in Okemos, MI. The company also signed a lease with Bella Beads for 1,640 sq.ft. at Long Meadow Commons, located at the intersection of Route 176/Maple Street and Midlothian Road in Mundelein, IL. Midland Atlantic (317-580-9900) signed a lease with AT&T Mobility for 1,800 sq.ft. at Columbus Crossing Shops, located on Jonathan Moore Pike in Columbus, IN. The company represented the landlord and Grubb & Ellis|Harding Dahm represented the tenant in the transaction. The company also signed a lease with The Shack for 1,800 sq.ft. at Putnam Plaza, located in Greencastle, IN. The company also negotiated a lease with The House of Martial Arts for 3,858 sq.ft. at Clay Terrace, located on Clay Terrace Boulevard in Carmel, IN. The company represented the landlord, Clay Terrace Partners, LLC, in the transaction. The company represented the tenant in the transaction. The company also negotiated a lease with Little Caesar’s for an 1,800 sq.ft. freestanding building located on East Tipton Street in Seymour, IN. The company represented the tenant in the transaction. The Lansco Corp. (212-644-2222) negotiated a sublease with s.kuhlman for 2,300 sq.ft. at the intersection of Third Avenue and East 59th Street in New York, NY. The company represented the tenant and the sublessor, Arte, in the transaction, and is the exclusive tenant rep for the chain’s expansion nationwide. LaKritz-Weber & Co. (248-353-9494) negotiated a lease with Fitness Together for 1,735 sq.ft. at Vantage Pointe Shopping Center, located on Novi Road in Novi, MI. The company represented the tenant in the transaction. The company also negotiated a lease with Pet Supplies Plus for 12,298 sq.ft. at Shores Shopping Center, located at the intersection of 13 Mile Road and Harper Avenue in St. Clair Shores, MI. The company represented the landlord, SSC Associated Limited Partnership, in the transaction. page 28
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Investment Management Associates, Inc. (305-661-0110) negotiated a lease renewal with Blockbuster, Inc. for a 4,799 sq.ft. Blockbuster Video at Quail Heights Plaza, a 100,000 sq.ft. center located at the intersection of Southwest 186th Street/Quail Roost Drive and 117th Avenue in Miami, FL. Cotenants at the center include Winn-Dixie, CVS, Rent-A-Center and KFC/Taco Bell. The company also negotiated a lease with Genn Tax Solutions, Inc. for a 1,175 sq.ft. Liberty Tax at Calusa Centre, a 36,900 sq.ft. center located at the intersection of Southwest 112th Street and Southwest 137th Avenue in Miami, FL. The tenant joins Discount Auto, Children’s Clubhouse and Chuck Wagon restaurant. The company also negotiated a lease with Trireme Greek Foods, LLC for a 420 sq.ft. The Greek Market at The Fransher Building, a mixed-use center located on South Dixie Highway in Miami, FL. The tenant joins Total Bank. The company also negotiated a lease with Don Kan Corp. for a 5,300 sq.ft. Shinju Japanese Buffet at Sunset West Shopping Center, located at the intersection of Southwest 72nd Street/ Sunset Drive and Southwest 87th Avenue in Miami, FL. The tenant joins Jackson Hewitt, WaMu and Subway. The Rappaport Cos. (571-382-1200) negotiated leases with T.G.I. Friday’s for 5,546 sq.ft. and with A.J. Wright for 25,000 sq.ft. at Penn Station Shopping Center, a 244,959 sq.ft. center located at the intersection of Pennsylvania Avenue and Silver Hill Road in District Heights, MD. The company represented the landlord and KLNB represented the tenants in the transactions. The tenants join Burger King, Save-A-Lot and Dollar Tree. PlazaCorp Realty Advisors, Inc. (269-3835775) negotiated a lease with Scottrade for 1,600 sq.ft. at Sam’s Club Retail Shopping Center, a 30,039 sq.ft. center located on South Westnedge Avenue in Portage, MI. Levin Management (800-488-0768) negotiated lease extensions with Big Lots for 33,055 sq.ft. and with The Shack for 2,500 sq.ft., along with leases renewals with All My Friends Pet Shop and H&R Block for 2,000 sq.ft. at Hickory Plaza, a 163,000 sq.ft. center located at the intersection of U.S. 70 and State Route 321 in Hickory, NC. NAI Capital (805-446-2400) negotiated a 10-year lease with Ladyface Ale Companie for a 4,362 sq.ft. pad site of Agoura Pointe Shopping Center, located on Agoura Road in Agoura Hills, CA. The company represented the landlord, Morehart Land Co., and the tenant in the transaction. DM
Lead Sheet Hyman Family, LP dba Susie’s Deals Gail Jeffery 620 South Wanamaker Avenue Ontario, CA 91761 909-510-4800 Ext. 221, Fax 909-510-4803 Email: gjeffery@susiesdeals.com Web site: www.susiesdeals.com
Apparel The 90-unit chain operates locations throughout AZ, CA, NV and UT. The stores, offering family apparel and accessories, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in strip and value centers. Growth opportunities are sought throughout CA during the coming 18 months. Typical leases run five years with two, five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include Target, Walmart and grocery stores. Preferred demographics include a population of 100,000 within three miles earning $50,000 as the average household income.
Certified Oil Corp. dba Certified David Hogan 949 King Avenue Columbus, OH 43212 614-421-7500 Ext. 221, Fax 614-421-6525
Convenience The 93-unit chain operates locations throughout northern KY, OH and northern WV. The convenience stores with gasoline facilities occupy spaces of 1,500 sq.ft. to 2,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include Target, Kmart and Andersons. A minimum land area of one acre is required.
Gas America Services, Inc. dba Gas America Services Stephanie White or Dennis Spegal 2700 West Main Street Greenfield, IN 46140 317-468-2515, Fax 317-468-2525 Emails: stephanie.white@gasamerica.com and dennis.spegal@gasamerica.com Web site: www.gasamerica.com
Convenience The 87-unit chain operates locations throughout IN and OH. The convenience stores with gasoline facilities occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A land area of 1.5 to two acres is required. The company prefers to acquire sites.
Par Mar Oil Company, Inc. dba Par Mar Stores Bill Hollister 105 Alta Street Marietta, OH 45750 740-373-7406, Fax 740-373-6854 Email: wchollister@parmarstores.com Web site: www.parmarstores.com
Convenience The 42-unit chain operates locations throughout KY, OH and WV. The convenience stores with gasoline facilities occupy spaces of 2,200 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years. A vanilla shell and turnkey are required.
Bare Escentuals Lary P. Hanshaw c/o Metropolis Retail, Inc. 2071 Mountain Boulevard, Suite 1 Oakland, CA 94611 510-339-4545, Fax 510-339-4540 Email: lhanshaw@metropolisretail.com Web site: www.metropolisretail.com
Cosmetics The 118-unit chain operates locations nationwide. The stores, offering cosmetics and personal care products, occupy spaces of 600 sq.ft. to 800 sq.ft. in regional malls, lifestyle centers, casinos and street fronts. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Metropolis Retail, Inc.
Apple Federal Credit Union Edward Goldmeier, Matthew Cooper or Glenn Ulick c/o Grubb & Ellis Co. 20 South Charles Street, Suite 902 Baltimore, MD 21201 410-625-4202/4207/4205 Emails: edward.goldmeier@grubb-ellis.com, matthew.cooper@grubb-ellis.com and glenn.ulick@grubb-ellis.com Web site: www.grubb-ellis.com
Finance The 19-unit chain operates locations throughout VA. The financial service centers occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in inline and endcap spaces of shopping centers and pad sites. Growth opportunities are sought throughout Burke, Reston and Springfield, VA during the coming 18 months, with representation by Grubb & Ellis Co. The company will consider acquiring sites, and will also consider locations with a drive-thru.
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Lead Sheet Smart Tax Doug Weinstein c/o Sholom & Zuckerbrot Realty, LLC Kaufman Astoria Studios, 35-11 35th Avenue Long Island City, NY 11106 718-392-5959 Ext. 113, Fax 718-937-6546 Email: dweinstein@s-z.com Web site: www.thesmartwaytofile.com
Finance The eight-unit chain operates locations throughout NY. The financial service centers occupy spaces of 500 sq.ft. to 1,200 sq.ft. in inline spaces of shopping centers and urban/downtown areas. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC.
Pier 1 Imports Olivia Walker 100 Pier 1 Place, Suite 1 Ft. Worth, TX 76102-2600 817-252-8000, Fax 817-252-7818 Email: obwalker@pier1.com Web site: www.pier1.com
Home Furnishings The 1,055-unit chain operates locations nationwide and throughout Canada. The stores, offering seasonal items, candles and fragrances, dining items, gifts, home accents, rugs, pillows and furniture, occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding locations, pad sites and endcap spaces of power centers. Limited expansion is sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with three, five-year options. Preferred cotenants include Barnes & Noble, upscale grocery stores, drug stores, and home furnishings retailers. Preferred demographics include a population of 100,000 within 15 miles earning $60,000 as the average household income.
Northern Tool & Equipment Co., Inc. dba Northern Tool & Equipment Brent Obert 2800 Southcross Drive West Burnsville, MN 55306 952-808-6629, Fax 952-641-2503 Email: brent.obert@northerntool.com Web site: www.northerntool.com
Home Improvements The 65-unit chain operates locations throughout FL, GA, IA, MN, NC, ND, SC, TN, TX, VA and WI. The home improvement centers occupy spaces of 11,000 sq.ft. to 28,000 sq.ft. in freestanding locations along with power and strip centers. Growth opportunities are sought throughout AL, AR, FL, GA, LA, MN, MS, NC, OK, SC, TN, TX, VA and WI during the coming 18 months. Typical leases run 10 years. Specific improvements and a tenant improvement allowance are required. A land area of two to three acres is required for freestanding locations.
Choice Pet Mark Brockwell c/o MJB Real Estate Services Corp. 735 Post Road East Westport, CT 06880 203-222-6200, Fax 203-222-6202
Pet Supplies The nine-unit chain operates locations throughout CT and NY. The stores occupy spaces of 10,000 sq.ft. in freestanding locations and endcap spaces of power centers. Growth opportunities are sought throughout CT during the coming 18 months, with representation by MJB Real Estate Services Corp.
Petco Animal Supplies, Inc. dba Petco Ellen Mogel 9125 Rehco Road San Diego, CA 92121 858-677-3030, Fax 858-638-2229 Web site: www.petco.com
Pet Supplies The 900-unit chain operates locations nationwide. The stores, offering pet food and supplies, occupy spaces of 8,500 sq.ft. to 14,000 sq.ft. in power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Home Depot, Jo-Ann Fabrics, Michaels, Target, T.J. Maxx, Marshalls, Bed Bath & Beyond and Whole Foods Market. Preferred demographics include a population of 100,000 within three miles earning $60,000 as the average household income.
Global Pet Food Stores, Inc. dba Ryan’s Pet Foods and Global Pet Foods Jim Walker 294 Walker Drive, Suite 2 Brampton, Ontario, Canada L6T 4Z2 905-790-9023, Fax 905-790-7059 Web site: www.globalpetfood.com
Pet Supplies The 120-unit chain operates locations throughout Canada. The stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in strip centers. Growth opportunities for Global Pet Foods are sought throughout the existing market during the coming 18 months. Typical leases run 10 years with two, five-year options. Major competitors include Pet Value, Pet Center and PetSmart. The company is franchising.
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Lead Sheet Black Photo Corp. dba Blacks and Astral Bruce van Allen 371 Gough Road Markham, Ontario, Canada L3R 4B6 905-475-2777, Fax 905-475-2720 Email: bvanallen@blackphoto.ca Web site: www.blackphoto.com
Photo The 120-unit chain operates locations throughout Canada. The stores, offering photo development, cameras, frames and accessories, occupy spaces of 1,100 sq.ft. to 1,700 sq.ft. in malls and power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to seven years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 100,000 within four miles earning $85,000 as the average household income. Major competitors include Best Buy and Walmart.
Health Shoes Plus, Inc. dba Happy Feet Plus and Birkenstock Jacob Wurtz 465 Clearwater Largo Road North Largo, FL 33770 727-538-1111, Fax 727-518-9769 Email: jacob@happyfeet.com Web site: www.happyfeet.com
Shoes The nine-unit chain operates locations throughout FL. The stores, offering men’s and women’s casual and dress shoes, occupy spaces of 1,500 sq.ft. to 2,400 sq.ft. in lifestyle, outlet and power centers. Growth opportunities are sought throughout Naples, Orlando and Tampa Bay, FL during the coming 18 months. Typical leases run five years with five-year options. A vanilla shell is required. Preferred demographics include a population of 250,000 within three miles earning $75,000 as the average household income.
L.B. Pennyworth’s, Inc. dba L.B. Pennyworth’s Lowell Blitt 136 Boston Street Lynn, MA 01950 781-595-6710, Fax 781-593-0120
Shoes The three-unit chain operates locations throughout MA. The stores occupy spaces of 5,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run seven years with options.
The Clarks Cos., N.A. Criss Nigro 156 Oak Street Newton Upper Falls, MA 02464 617-243-4194, Fax 617-243-4210 Web site: www.clarksusa.com
Shoes The 83-unit chain operates locations nationwide. The shoe stores occupy spaces of 3,000 sq.ft. in outlet and tourist centers. Plans call for three to five openings throughout the existing market during the coming 18 months. Typical leases run 10 years with kickouts. Preferred cotenants include name-brand outlet retailers. Major competitors include Factory Brands, Nine West, Naturalizer, Rockport and Ecco. The company prefers to locate in outlet centers with GLAs above 300,000 sq.ft.
Quicksilver, Roxy and DC Shoe Michael Hirschfeld c/o Urban Retail Real Estate Group, LLC 606 Post Road East, Suite 595 Westport, CT 06880 203-319-1824, Fax 203-413-4338 Email: mhirschfeld@tenantrepgroup.com
Shoes The 120-unit chain operates locations nationwide. The stores occupy spaces of 2,000 sq.ft. as Roxy, 2,500 sq.ft. as DC Shoe and 3,500 sq.ft. to 4,500 sq.ft. as Quicksilver in malls, tourist centers and urban/downtown areas. Limited expansion is sought throughout the existing market during the coming 18 months, with representation by Urban Retail Real Estate Group, LLC. The company is site-selective and prefers to locate in urban markets and tourist areas.
Panda Franchises, Ltd. dba Panda Linda Goulet 305 Marc Aurele Fortin Laval, Quebec, Canada H7L 2A3 450-622-4833 Ext. 201, Fax 450-622-2939 Email: info@pandashoes.com
Shoes The 32-unit chain operates locations throughout Canada. The stores occupy spaces of 800 sq.ft. to 1,000 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a trade-area population of 200,000.
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Lead Sheet Marbles – The Brain Store William Selonick or Rowena Ancheta c/o Newmark Knight Frank 1 East Wacker Drive, Suite 3500 Chicago, IL 60601 312-386-3114/3107 Emails: wselonick@newmarkkf.com and rancheta@newmarkkf.com
Specialty The company operates one location in IL. The stores, offering products designed to stimulate and strengthen the brain, occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout the Chicago, IL metropolitan area during the coming 18 months, with representation by Newmark Knight Frank.
Massage Luxe Jennifer Watson or Allen Joffe c/o Baum Realty Group 1030 West Chicago Avenue Chicago, IL 60642 312-275-3128/3120 Emails: jennifer@baumrealty.com and allen@baumrealty.com Web site: www.massageluxe.com
Specialty The two-unit chain operates locations in MO. The therapeutic massage facilities occupy spaces of 2,800 sq.ft. to 3,500 sq.ft. in endcaps of outlots. Growth opportunities are sought throughout Naperville and Wheaton, IL during the coming 18 months, with representation by Baum Realty Group.
Roger Dunn Golf, Golf Mart and Van’s Matthew May c/o May Realty Advisors 15206 Ventura Boulevard, Suite 302 Sherman Oaks, CA 91403 818-528-3999, Fax 818-905-7559 Email: matthew@mayrealtyadvisors.com Web site: www.mayrealtyadvisors.com
Sporting Goods The 27-unit chain operates locations throughout AZ and CA. The sporting goods stores occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations and power, specialty and strip centers. Plans call for 10 openings throughout the existing market during the coming 18 months, with representation by May Realty Advisors. A vanilla shell is required. Preferred cotenants include Home Depot and men’s apparel retailers. Major competitors include Golfsmith.
General Nutrition Centers dba GNC Sharon Knox 300 Sixth Avenue, 7th Floor Pittsburgh, PA 15222 412-288-4600, Fax 412-288-2076 Web site: www.gnc.com
Vitamins The 4,800-unit chain operates locations nationwide and internationally. The stores, offering health foods, vitamins and mineral and specialty supplements, occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in malls, specialty centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years. A vanilla shell is required. Preferred demographics include a population of 35,000 within two miles. The company is franchising.
BJ’s Wholesale Club Tom Londres c/o Metro Commercial Real Estate 303 Fellowship Road, Suite 202 Mt. Laurel, NJ 08054 856-866-1900, Fax 856-866-1611 Email: tlondres@metrocommercial.com Web site: www.bjs.com
Wholesale Club The 183-unit chain operates locations throughout CT, DE, FL, GA, MA, MD, ME, NC, NJ, NY, OH, PA, RI and VA. The stores, offering electronics, computers, office supplies, home items and accessories, seasonal items, health and beauty products and jewelry, occupy spaces of 85,000 sq.ft. to 119,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the eastern U.S. during the coming 18 months, with representation by Metro Commercial Real Estate.
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 32
September 18, 2009
The
Dealmakers
www.dealmakers.net
LAMAR SHOPPING CENTER SPACE AVAILABILITIES LAMAR COOPERATES WITH BROKERS
FERN PARK, FL
MAINSTREET SQUARE 108,632 S.F. GLA WINN-DIXIE ANCHORED WINN-DIXIE , GOODWILL, RENT-A-CENTER, KIDS WORLD, NEW YORK PIZZA
750 - 2,950 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES
PINEVILLE, NC
PINEVILLE TOWNE MARKET 83,499 S.F. GLA INLINE SPACE AVAILABLE FOOD LION, DOLLAR GENERAL, AARON RENTS, GOODYEAR, FLOORING AMERICA, WEIGHT WATCHERS
1,200-1,686 S.F. AVAILABLE CONTACT (877) 797-1472 MICHAEL MAHAN, JR.
OAK PARK HEIGHTS, MN OAK PARK PONDS 105,645 S.F. GLA
ANCHOR POSITION AVAILABLE KOWALSKI’S MARKET, DOMINO’S THE UPS STORE, BURGER KING* HOLLYWOOD VIDEO, OAK PARK WINE & SPIRITS, VICTORY SPORTS & FITNESS
1,330 - 24,851 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER
IRWIN, PA
NORWIN HILLS 244,364 S.F. GLA ANCHOR POSITION AVAILABLE ALDI, RITE AID, GOODWILL, GNC, GALAXY FITNESS, FASHION BUG
800 - 31,000 S.F. AVAILABLE CONTACT (877) 797-1472 SAM COOPER
PITTSBURGH, PA KENNYWOOD SHOPS 198,210 S.F. GLA ANCHOR POSITION AVAILABLE
OUTPARCEL AVAILABLE — 4,000 SF GIANT EAGLE, FAMOUS LABELS, DOLLAR GENERAL, FASHION BUG, HOLLYWOOD VIDEO
1,398 - 31,400 S.F. AVAILABLE CONTACT (877) 797-1472 SAM COOPER
RUFE SNOW VILLAGE
99,331 S.F. GLA
DAYTON, OH
AARON RENTS, AMERICAN GENERAL, JACKSON HEWITT BASKIN ROBBINS, CD WAREHOUSE
STEIN MART, CHRISTIAN FAMILY BOOKSTORE, OISHI HIBACHI & SUSHI
+/- 0.37 ACRES
971 - 30,090 S.F. AVAILABLE
FLORENCE, KY
CRAWFORDSVILLE, IN
87,364 S.F. GLA
CRAWFORDSVILLE SQUARE 297,542 S.F. GLA
ANCHOR POSITION AVAILABLE RESTAURANT SPACE AVAILABLE
ANCHOR POSITION AVAILABLE OUTPARCELS AVAILABLE
GREEN COVE SPRINGS, FL MAGNOLIA LAYNE 87,010 S.F. GLA HARVEY’S GROCERY, DOLLAR GENERAL, PIZZA HUT*, SUBWAY, ALLSTATE, CURVES, HARDEE’S* * Not Owned
975 - 3,403 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES
ROCK HILL, SC
MARKET ON CHERRY RD. 129,518 S.F. GLA OUTPARCEL AVAILABLE +/- 0.8 Acres OFFICE DEPOT, BIG LOTS, ANNA’S LINENS, LEBO’S, IT’S FASHION METRO, PAYLESS 1,500 - 2,000 S.F. AVAILABLE CONTACT (877) 797-1472
JEFFREY JAMES/MICHAEL MAHAN, JR.
WITH FREE RENT AVAILABLE
365 SOUTH STREET MORRISTOWN, NJ 07960 TEL. (727) 403-7777 FAX (727) 517-2276 www.lamarcompanies.com
OUTPARCEL AVAILABLE +/-0.73 ACRES
1,580 - 45,528 S.F. AVAILABLE CONTACT (877) 797-1472
VILLAGE AT THE MALL
OLD TIME POTTERY, UNITED ART, SAM’S CLUB*, ARROW WINE & SPIRIT, HOMETOWN BUFFET *Not Owned 1,600 - 22,953 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER
GARDEN PARK 178,335 S.F. GLA
ANCHOR POSITION AVAILABLE
WASHINGTON PARK PLAZA 178,750 S.F. GLA
LEWISVILLE, TX
JR. ANCHOR POSITION AVAILABLE OUTPARCEL AVAILABLE
JEFFREY JAMES
GREAT LEASING OPPORTUNITIES
Disclaimer: Subject to errors and omissions.
N RICHLAND HILLS, TX
+/-0.5 ACRES & 3,594 SF PIER 1 IMPORTS, DOLLAR TREE, THE TILE SHOP, VITAMIN SHOPPE, HONEY BAKED HAM 2,000 - 18,095 SF AVAILABLE CONTACT (877) 797-1472
JEFFREY JAMES/SAM COOPER
ORANGE PARK, FL
SOUTH BLANDING VILLAGE 108,954 S.F. GLA FUTURE EXPANSION
OUTPARCELS AVAILABLE
+/-0.28 & 0.85 ACRES STAPLES, BIG LOTS, WOOD YOU, BAILEY’S POWERHOUSE GYM
Future Expansion +/- 20,000 S.F. CONTACT (877) 797-1472 JEFFREY JAMES
FAYETTEVILLE, GA BANKS CROSSING 256,930 S.F. GLA JR. ANCHOR POSITION AVAILABLE JC PENNEY, KROGER, GUITAR CENTER, FARMER’S FURNITURE, GOODYEAR
CONTACT (877) 797-1472 JEFFREY JAMES
ANCHOR POSITION AVAILABLE OUTPARCELS AVAILABLE 3,800 SF, +/-0.76; 1.47; 2.59 & 3.32 ACRES KROGER, THRIFTY’S, HIBBETT SPORTS 676 - 18,592 S.F. AVAILABLE CONTACT (877) 797-1472
JESSE MAAS
ANDERSON, SC
ANDERSON PAVILION 64,221 S.F. GLA END CAP AVAILABLE AGGRESSIVE RENTS PUBLIX 3,150 S.F. AVAILABLE CONTACT (877) 797-1472
JEFFREY JAMES/MICHAEL MAHAN, JR.
CHARLESTON, SC
WEST ASHLEY SHOPPES 136,260 S.F. GLA OUTPARCEL AVAILABLE +/-1.49 ACRES ROSS DRESS FOR LESS, WORLD MARKET, BED BATH & BEYOND, CATHERINE’S
1,050 - 4,900 S.F. AVAILABLE
1,400 - 12,068 S.F. AVAILABLE CONTACT (877) 797-1472
JEFFREY JAMES/MICHAEL MAHAN, JR.
INDIANAPOLIS, IN
FORT WAYNE, IN
JR. ANCHOR POSITION AVAILABLE
ANCHOR POSITION AVAILABLE OUTPARCEL +/- .95 ACRES
CONTACT (877) 797-1472
JEFFREY JAMES/MICHAEL MAHAN
EMERSON PLAZA 84,799 S.F. GLA
MARSH SUPERMARKET, BIG KMART*, DAIRY QUEEN, RADIO SHACK, SUPERCUTS *Not Owned
1,600—11,375 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER
COVINGTON PLAZA
183,806 S.F. GLA THE FRESH MARKET, OFFICE DEPOT, HONEY BAKED HAM, ANYTIME FITNESS, MERLE NORMAN
1,710 - 18,200 S.F. AVAILABLE CONTACT (877) 797-1472
JEFFREY JAMES/SAM COOPER
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Space Place Connecticut
Connecticut
Connecticut
Cromwell – A 220,000 sq.ft. center located at the intersection of Shunpike Road and West Street has spaces available of 1,500 sq.ft.; 3,000 sq.ft. and 6,000 sq.ft. along with a divisible space of 3,620 sq.ft. Big Kmart and X-Pect Discount Drugs anchor the center. Cotenants include Subway, Payless ShoeSource, AT&T Mobility, Weight Watchers, Credit Solutions, Rookies Sports Bar, Sally Beauty Supply, Fashion Bug, H&R Block, Super Hair & Tan, GNC, Imperial Restaurant, Perfect Vision, Guppies to Puppies, Dollar Tree, Fancy Nails, Mr. Cigar, The Shack, Igor’s Shoes, Citizens Bank, DQ Grill & Chill and Ruby Tuesday. Area retail includes Super Stop & Shop. Area demographics include a population of 98,424 within five miles earning $80,353 as the average household income. The average daily traffic count is 87,000 vehicles. Danbury – A center located on Newtown Road has a 2,044 sq.ft. space available. X-Pect Discount Drugs anchors the center. Area retail includes Bertucci’s, Walmart, Target and Super Stop & Shop. Area demographics include a population of 113,357 within
five miles earning $83,592 as the average household income. Glastonbury – The Shops at Somerset Square, a mixed-use center located on Glastonbury Boulevard, has spaces available of 1,508 sq.ft. and 3,312 sq.ft. Cotenants include Talbots, Max Amore Restaurant, Pendleton, Starbucks, Oggi Design for Hair, Swiss Cleaners, Coldwater Creek, Kzen Health & Beauty, Munson’s Chocolate, Victoria’s Secret, Jos. A. Bank, Gymboree, Ann Taylor, White House|Black Market, Chico’s, J. Jill and Massage Envy. Area retail includes Max Fish, Lux Bond and Green Jewelers. Area demographics include a population of 571,608 within 10 miles earning $70,757 as the average household income. For details, contact Craig Way, The HB Nitkin Group, 1 Fawcett Place, Greenwich, CT 06830; 203-861-9000, Fax 203-8619005; Email: pcway@hbnitkin.com.
& Shop anchor the center and Walmart shadow-anchors the center. Cotenants include Hollywood Video, GNC, Grand Spirit II, Sleepy’s, Dollar Tree, Sally Beauty Supply, Family Pizza, Rae’s Endless Sun & Spa, Payless ShoeSource, Healthnet and The UPS Store. Area demographics include a population of 87,739 within five miles earning $67,606 as the average household income. For details, contact Charles Davis, Centro Properties Group, 420 Lexington Avenue, Seventh Floor, New York, NY 10170; 203-256-1901; Email: charles.davis@centroprop.com; Web site: www.centroprop.com.
page 34
September 18, 2009
The
Groton – Groton Square, a 196,802 sq.ft. center located at the intersection of Route 12/Long Hill Road and Route 184/Gold Star Highway, has spaces available of 2,400 sq.ft. and 8,000 sq.ft. Kohl’s and Stop
Dealmakers
www.dealmakers.net
Windham – A 1,674 sq.ft. freestanding former Starbucks with a drive-thru situated on 0.5 acres on Route 6/Boston Post Road is available. Area retail includes Aldi, Home Depot, Sears Tools, Walmart Supercenter, Advance Auto and Tractor Supply Co. Area demographics include a population of 86,975 within 10 miles earning $68,027 as the average household income. (continued on page thirty-six)
We are making deals... • 869 Leases Signed • 4.1 Million Square Feet Leased For the 6 month period 01/01/09-06/30/09
PMS 2955 With a portfolio of 936 properties comprising 139 million square feet, we have space that meets you or your client’s criteria.
R E A LT Y
Kimco Realty Corporation owns and operates North America’s largest RGB portfolio of neighborhood and community shopping centers across 45 states, R E A LT Y Puerto Rico, Canada, Mexico and South America. We are forward-thinking professionals who understand the business of today’s real estate. Contact Kimco to assist you in realizing your retail vision. CMYK
Gordon Ashby Vice President of Leasing, Mid-Atlanr tic Region 410-427-4424 gashby@kimcorealty.com
Joshua Weinkranz Vice President, Nor theast Region 516-869-7146 jweinkranz@kimcorealty.com R E A LT Y
R E A LT Y
Space Place
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For details, contact Matt Halprin New England Retail Properties, Inc., 150 Hartford Avenue, Wethersfield, CT 06109; 860-529-9000, Fax 860-563-9667; Email: halprinm@newenglandretail.com; Web site: www.newenglandretail.com.
Delaware Wilmington – Miller Road Shopping Center, a 157,992 sq.ft. strip center situated on 17.4 acres at the intersection of Miller Road
Delaware
Florida
and Lea Boulevard, has spaces available of 2,400 sq.ft.; 4,500 sq.ft. and 7,200 sq.ft. Home Depot and Dollar Tree anchor the center. Area demographics include a population of 196,533 within five miles earning $81,442 as the average household income. The average daily traffic count is 20,210 vehicles. For details, contact Nicholas Forelli, Rosen Associates Management Corp., 33 South Service Road, Jericho, NY 11753; 516-281-1532, Fax 516-281-1562; Email: nforelli@rosenmgmt.com.
Pompano Beach – Parkway Plaza, a mixeduse center located at the intersection of Powerline Road and McNab Road, has spaces available from 700 sq.ft. to 1,800 sq.ft. For details, contact Angela Zuccarelli, The Coastline Group, Inc., 1720 Harrison Street, 17th Floor, Hollywood, FL 33020; 954-927-9720, Fax 954-927-9721; Email: angela@thecoastlinegroup.com; Web site: www.thecoastlinegroup.com.
Colonial Village Professional Office Park and Shopping Center Edison, Middlesex County, NJ
Delaware Water Gap NRA SUSSEX
UP TO Sf 2,182 PriME Space retail blE AvAilA
Sussex 206
Highland Lakes
Branchville Crandon Lakes
PA S S A I C
Ramsey Pompton Lakes
BERGEN
Ridgewood
Andover
Hopatcong Budd Lake
46
Dover
Clifton
Hackensack
Passaic
ESSEX
Verona
287
MORRIS
Belvidere
Morristown NHP
Livingston Union City HUDSON Madison Newark
Mendham Washington
Phillipsburg
Jersey City
New Providence
Elizabeth
High Bridge
HUNTERDON
Colonial Village
22
Milford
Somerville
Frenchtown
Rahway
Carteret
Edison Somerset
202
Flemington
Bayonne
UNION
Perth Amboy
SOMERSET
New Brunswick MIDDLESEX
Stockton
95
Lambertville Princeton
Keansburg
Hazlet
East Brunswick
Rumson
Jamesburg
Red Bank J. Available Princeton Junction – 1,350 sf Eatontown Hightstown Freehold K. Available – 832 sf Can beTrenton combined for a total of 2,182 sfCity Neptune 1
9
Cranbury
95
Monmouth Beach
Long Branch
MERCER
Interlaken
Asbury Park
MONMOUTH
Allentown
McGuire AFB
Mount Holly
82 sf to 2,1able up Beachwood Avail
Leisuretowne
Cherry Hill
Toll
Gloucester City
1 ll a ute Ro rk M US Pa To enlo dM an
Lindenwold
Blackwood CAMDEN
H G FBarnegat
BURLINGTON
E Ocean D Acres
Chesilhurst
Glassboro
B
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Manahawkin
30 AT L A N T I C
To ll
Tuckerton
Elwood-Magnolia
Surf City Ship Bottom
Demographics (3-mile radius) Population Average HH Income Traffic Count
Beach Haven
ad
Buena
P
Port Republic 322
Pomona
Corbin City
Absecon
Millville
Brigantine
Pleasantville To ll
Atlantic City
Somers Point Ventnor City Route 27/ Lincoln Highway To Exit 131, Garden State Parkway/Metro Park
CUMBERLAND
Longport
To Metuchen
A. 9Happy Face Laundromat B. Ace Shoe Repair Sea Isle City C. Angel Nails & Hair
CAPE M AY
Cape May Court House Villas North Cape May Cape May Point
AvalonRalphie’s Pizza D. Uncle Harbor by Susan E. Stone Lingerie Rio Grande F. Lamp Dry Cleaners Wildwood
Cape May
G. Meemah Chinese Restaurant H. Alan’s Fine Footware
page 36
I. Bernstein Women’s Fashions J. Available – 1,350 sf
Comments Located at the Metuchen Border, near MetroPark, Menlo Park Mall, and Woodbridge Center. Across from JFK Hospital. Surrounded by densely populated residental and commercial development. A perfect location for your business.
For further information or inspection, call Exclusive Broker:
K. Available – 832 sf L. Lou Cas Banquets M. Lou Cas Restaurant
Matthew Weiss
The
201-814-1800 250 Moonachie Road Moonachie, NJ 07074 www.JWeissRealty.com
N. Starbucks O. Ichiban Sushi Bar P. The Original Soupman
September 18, 2009
117,685 $113,603 27,000 cars daily
Rental Immediate Occupancy. Possession Arranged. Rental Upon Application.
City The FineOcean Shops at Colonial Village...
Woodbine
Port Norris
Space J - 1,350 sf of Prime Retail Space Space K - 832 sf of Prime Retail Space Can be combined for a total of 2,182 sf
Parking 389 + cars
Barnegat Light
Harvey Cedars
Egg Harbor City
Vineland
Bridgeton
3 Lincoln Highway Professional
I
Type Neighborhood Strip Shopping Center and Professional Office Park
Location 1-11 Lincoln Highway at the Intersection of Route 27/Lincoln Highway & Parsonage Road, Edison, NJ
M
Ro
Newfield
ge na rso
Hammonton
Collings Lakes
Elmer
Beach Haven West
Pa
Clayton
L
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TER
Waretown
K
N
Mullica Hill
Seaside Park
9 J
206
ay n Highw 5 Lincol nage Parso
Lavallette Gilford Park
Toms River
Size 70,000 sf of space consisting of 20,000 sf of retail + 50,000 sf of offices situated in five buildings on six landscaped acres
Available
Mantoloking
Silverton
Lakehurst
Brown Mills
Camden
Point Pleasant Beach
Point Pleasant
OCEAN
Burlington
way ln High 7 Linco wer To
Manasquan
Brielle
Lakewood Riverside Riverton
Belmar Spring Lake
195
Bordentown
bury
New Jersey
Middletown
Old Bridge
1L inco ln Vill Highw age ay r
78
To ll
Alpha
Paterson
Boonton
80
To ll
WARREN
Maryland Hyattsville – Post Park, located on East-West Highway, has a divisible space of 1,750 sq.ft. available. Area retail includes Mall at Prince Georges, Metro Shops and UTC. The average daily traffic count is 24,601 vehicles. For details, contact Robert Tack or Jeremy McMillan, Capital Retail Group; 202-319-2884 or 202-683-4059; Emails: robert@capitalretailgroup.com and jeremy@capitalretailgroup.com.
Franklin Newton
Winter Park – An 89,756 sq.ft. center located at the intersection of Aloma Avenue and Forsyth Road has spaces of 3,200 sq.ft. and 17,000 sq.ft. available along with an outlot. Aldi and Central Auto Parts anchor the center. For details, contact Cheri HendricksKelly, Insite Real Estate, Inc., 704 Pinellas Street, Clearwater, FL 33756; 407-468-3374, Fax 727-445-9225; Email: chendricks-kelly@insiterei.com; Web site: www.insiterei.com.
201-814-1811 Fax
Dealmakers
www.dealmakers.net
Cherry Hill – Shop Rite Plaza has spaces available of 1,646 sq.ft.; 2,400 sq.ft.; 4,410 sq.ft.; 5,000 sq.ft. and 62,750 sq.ft. Deptford – Deptford Town Plaza has a 4,000 sq.ft. outlot available. Delran – Delran Shopping Center has a 5,581 sq.ft. space available along with a 2,850 sq.ft. outlot with a drivethru. Also, Millside Plaza has a 20,006 sq.ft. space available. Maple Shade – Maple Shade has a 42,173 sq.ft. space available. Westmont – Westmont Plaza has spaces available of 2,000 sq.ft. and 13,271 sq.ft. along with two spaces of 4,800 sq.ft. For details, contact Nina Sirianni, Kimco Realty, 6 Coulter Avenue, Suite 1000, Ardmore, PA 19003; 610-896-7560; Web site: www.kimcorealty.com. Clifton – Botany Plaza has space available. For details, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, (continued on page thirty-eight)
Dog House, Collar, Treats, Toys PET SUPPLIES $582
Luggage, Vacation Apparel, Accessories TRAVEL $2,522 Candlelight Dinner, Lunch, Picnic FOOD AWAY FROM HOME $4,358 Movies, Biking, Skiing ENTERTAINMENT & RECREATION $4,734
Golf, Tennis, Baseball SPORTS & EXCERCISE EQUIPMENT $251
ancho meet the
SHOPPERS
Rancho Cucamonga’s empty nesters have an average net worth of $1.5 million per household and an average household income of $94,471. So where do they spend their disposable income every year? $33,628 goes to retail goods. And when they aren’t shopping, they’re traveling, eating out, exercising, playing with the dog, and entertaining themselves. Get to know them better and you’ll discover how much they’re willing to spend to have a great time.
For more information contact the Rancho Cucamonga Redevelopment Agency at 877-572-6246 • www.rcrda.us/retail • RDA@cityofrc.us
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(continued from page thirty-six)
NY 10001; 212-643-8080, Fax 212-6432626; Email: leasing@nassimirealty.com; Web site: www.nassimirealty.com. Deptford – A 25,068 sq.ft. former Office Depot located on Almonesson Road is available. East Brunswick – A 20,962 sq.ft. former Office Depot located on Route 18 is available. Freehold – A 22,295 sq.ft. former Office Depot located on Trotter Way is available. Mays Landing – A 16,847 sq.ft. former Office Depot located on Black Horse Pike is available. North Brunswick – A 14,103 sq.ft. former Office Depot located on U.S. Route 1 is available for sublease. For details, contact Aaron Savin, Echo Retail; 412-967-6105; Email: asavin@echoretail.com; Web site: www.echoretail.com. East Brunswick – Miracle Mall, a 100,000 sq.ft. center, has spaces available from 10,000 sq.ft. to 64,000 sq.ft. Edgewater Park – A 54,779 sq.ft. Pathmark has spaces from 1,500 sq.ft. to 24,779 sq.ft. available for sublease. Elizabeth – A 74,000 sq.ft.
New Jersey
New Jersey
former Toys “R” Us has a 27,000 sq.ft. space available. Green Brook – A former Wood Gym Playhouse has two spaces of 14,000 sq.ft. available. Jackson – Romeo Plaza, a 40,000 sq.ft. center, has spaces available from 1,550 sq.ft. to 4,950 sq.ft. Little Falls – AVI Building, a 4,960 sq.ft. retail center, has an 1,800 sq.ft. space available. Manalapan – Malapan Epi Centre, a 460,000 sq.ft. center, has a 6,200 sq.ft. space available. Marlboro – A 5,000 sq.ft. building has spaces available of 1,300 sq.ft. and 3,700 sq.ft. Metuchen – A 1,200 sq.ft. space is available. Middletown – Romeo Plaza, an 80,000 sq.ft. center, has spaces available of 1,500 sq.ft. and 2,000 sq.ft. Neptune – Strauss Center, a 17,350 sq.ft. center, has spaces available of 2,100 sq.ft. and 5,250 sq.ft. New Providence – A 60,000 sq.ft. former A&P has spaces available from 5,000 sq.ft. to 27,000 sq.ft. Ocean – A 21,000 sq.ft. former Jason’s Furniture is available. Also, a 5,000 sq.ft. freestanding building located on Route 35 South is available. Red Bank – Garmany Building, a 10,000 sq.ft. center, has a 1,400 sq.ft. space available. Sayreville – Rome Plaza, a 10,000 sq.ft. center, has a 1,600 sq.ft. space
available. Shrewsbury – A 41,902 sq.ft. former Foodtown is available for sublease. Tinton Falls – A 16,612 sq.ft. former Velocity is available for sublease. Union – Petco Center, a 47,140 sq.ft. center, has a 24,844 sq.ft. space available. Washington Township – WOW Plaza, a 12,000 sq.ft. center, has spaces available from 1,600 sq.ft. to 4,800 sq.ft. Wayne – Wayne Plaza Shopping Center, a 97,842 sq.ft. center, has spaces available of 2,000 sq.ft. and 6,000 sq.ft. For details, contact R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-721-9241; Web site: www.njretailrealty.com.
PA REAL ESTATE
Fameco Real Estate represents the following opportunities in Pennsylvania
LEASInG noW
FRAnkFoRd PLAzA ShoPPInG CEnTER | Philadelphia, PA
• GreAt Corner in northeast Philadelphia
East Rutherford – Lowe’s Shopping Center, a 181,294 sq.ft. center located at the intersection of Route 17 North and Route 120/ Paterson Plank Road, has a divisible endcap space of 4,004 sq.ft. available. Old Bridge – A&P Shopping Center, a 64,920 sq.ft. center located at the intersection of Route 9 and Ferry Road, has a 7,140 sq.ft. space available. Williamstown – Williamstown Shopping Center, an 85,000 sq.ft. center located at the (continued on page forty)
NATIONAL WIRELESS BRAND SEEKS
NJ/PA RETAIL LOCATIONS
• Located at the busy lighted intersection of Frankford & Linden Avenues • Seeking cell phone and other service retailers • end cap positions available • Anchored by Rite Aid and Dollar General
800 – 2,500 S.F. Shopping center or free-standing locations. High traffic, densely populated areas only.
TuRnER SqAuRE ShoPPInG CEnTER | West Goshen, PA
• retAiL hub of West Chester • Located at the busy lighted intersection of Paoli Pike and turner Lane
exclusively represented by
• Adjacent to 295,000 SF West Goshen Shopping Center anchored by Acme, Kmart, Chester County books & Music, Staples, and rite Aid • JOIN: Chipotle, Bryn Mawr Trust and Bike Line For more Info Contact: George Wisnoski or Fred Younkin at 610.834.8000 633 West Germantown Pike; Suite 200 • Plymouth Meeting, PA 19462 p 610.834.8000 • f 610.834.1793
page 38
September 18, 2009
The
Dealmakers
www.dealmakers.net
JACK KAHN REALTY SERVICES CORP. Licensed Real Estate Broker 33 Clinton Rd., Suite 203 W. Caldwell, NJ 07006 (973) 808-8757 JKBroker@AOL.COM
join us for
an exciting night of networking and nightlife
on Thursday, October 29, 2009
The Retail Network is proud to present their Fall event at Hudson Terrace. Hudson Terrace is one of New York City’s most desirable event destinations and has played host to corporations, politicos, celebs, diplomats and the party-elite. Tucked along the Hudson River at the edge of Midtown, Hudson Terrace will be a magnet for the retail real estate community and promises to be a lively night of connections, cocktails and cheer.
time:
6.30pm (Speed NetworkiNg begiNS at 5.30pm)
where:
Hudson terrace 621 W.46th Street, New York, NY 10036
rsvp:
theretailnetwork.org register online for this event!
The Rooftop Garden Lounge at the Hudson Terrace
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Space Place New Jersey
(continued from page thirty-eight)
intersection of Route 42/Black Horse Pike and Main Street, has anchor space available. Cotenants include CVS and Fashion Bug. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. Edison – Colonial Village, a 70,000 sq.ft. mixed-use center located at the intersection of Route 27/Lincoln Highway and Parsonage Road, has a divisible space of 2,182 sq.ft. available. Cotenants include Happy Face Laundromat, Ace Shoe Repair, Angel Nails & Hair, Uncle Ralphie’s Pizza, Lingerie by Susan, Lamp Dry Cleaners, Meemah Chinese Restaurant, Alan’s Fine Footwear, Bernstein Women’s Fashions, Lou Cas Restaurant, Starbucks, Ichiban Sushi Bar and The Original Soupman. Area demographics include a population of 117,685 within three miles earning $113,603 as the average household income. The average daily traffic count is 27,000 vehicles. For details, contact Matthew Weiss, Weiss
New Jersey
New Jersey
Realty, 250 Moonachie Road, Moonachie, NJ 07074; 201-814-1800, Fax 201-8141811; Web site: www.jweissrealty.com.
Millville – Cumberland Crossing, a 258,000 sq.ft. community center located at the intersection of Route 47 and Route 55, has space available. Walmart anchors the center. Pennsville – Pennsville Marketplace, a 169,000 sq.ft. community center located on Broadway, has space available. Walmart anchors the center. For details, contact Diane Weinberg, Fameco Real Estate, LP, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-8348000, Fax 610-834-1793; Web site: www.famecoretail.com.
Franklin Lakes – A center located on Franklin Lakes Road has a 1,029 sq.ft. space available. Stop & Shop anchors the center. The asking rent is $28 psf NNN. For details, contact Dominick Musilli or Michael Weiner, FirstService Williams, 1055 Washington Boulevard, Stamford, CT 06901; 203-961-6582/6573; Web site: fswre.com. Maple Shade – A center located on Route 38 has a 12,000 sq.ft. space available. Cotenants include Macy’s Furniture Gallery. Area retail includes Cherry Hill Mall, Moorestown Mall, East Gate Square and Centerton Square. For details, contact Jason Bock, Michael Salove Co., 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215568-2600 Ext. 21, Fax 215-568-2666; Email: jbock@salove.com; Web site: www.salove.com. Middlesex – Westmarket Center, a 200,000 sq.ft. mixed-use center, has space available.
Julius Borrus says... “We have a posse of investors searching for...” Anchored Centers | Strip Centers Neighborhood Centers | Power Centers NY, NJ, CT, PA, MD, DE
Please contact us at: 732-345-7002 | 732-345-7207 Fax Email: borruscommre@aol.com
BORRUS ASSOCIATES A member of the International Council of Shopping Centers
COMMERCIAL INVESTMENT REAL ESTATE
30 Monmouth St., Red Bank, NJ 07701 Mailing Address P/O Box 8357, Red Bank, NJ 07701 page 40
September 18, 2009
The
Dealmakers
www.dealmakers.net
Mt. Holly – Evergreen Plaza has spaces available from 5,600 sq.ft. to 11,000 sq.ft. along with a 10,000 sq.ft. pad site and a 60,000 sq.ft. build-to-suit. Union – Union 22 Town Center, located along Route 22, has spaces available from 4,000 sq.ft. to 9,800 sq.ft. along with a 6,000 sq.ft. pad site. Union City – A 3,000 sq.ft. space is available. For details, contact Nicholas J. Aynilian, Vanick Properties, Inc., 381 Broadway, Westwood, NJ 07675; 201-666-7710, Fax 201(continued on page forty-two)
AMERICA’S DRIVE IN
FOR SOUTHERN AND CENTRAL PENNSYLVANIA AND SOUTHERN NEW JERSEY
2NGCUG 5GPF 5KVG 5WDOKUUKQPU GNGEVTQPKECNN[ VQ
jimkahn@kahnandco.com Jim Kahn Kahn & Co. Real Estate 215-654-0500
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(continued from page forty)
666-7714; Email: info@vanickproperties.com; Web site: www.vanickproperties.com. Summit – Spaces of 650 sq.ft.; 1,200 sq.ft.; 2,000 sq.ft.; 4,000 sq.ft. and 11,000 sq.ft. are available. Area demographics include a population of 218,485 within five miles earning $102,976 as the median household income. The asking rent starts at $30 psf. For details, contact David Cronheim Co.; 973-635-2182; Email: rsteelman@cronheim.com.
New York Albany – Westgate Plaza, a 203,500 sq.ft. center located on Central Avenue, has spaces available of 2,900 sq.ft. and 3,000 sq.ft. Price Chopper anchors the center and cotenants include Dollar Tree, Payless ShoeSource, A.J. Wright, Dean’s Natural Foods, Central Nails, Key Bank, One Price Clothing, Sally Beauty Supply, Rite Aid, Best Fitness, Coliseum Pizza, Eden Jeweler, Westgate Barber, En Lai Restaurant, H&R Block, Mr. Subb, Advance Auto, The Shack, The UPS
page 42
September 18, 2009
The
New York
New York
Store and Rent-A-Center. Area demographics include a population of 184,883 within five miles. The average daily traffic count is 30,800 vehicles. Also, Wolf Road Shoppers Park, a mixed-use center located at the intersection of Wolf Road and Metro Park Road, has space available. Cotenants include Guitar Center, Stickley Furniture, Macaroni Grill, Key Bank, Talbot’s, Stone Mountain Flooring, Outback Steakhouse, Capital Bank, Bank of America, Subway, Fleet Feet, Sofas & Chairs, Mark Anthony and Arby’s. The asking rent ranges from $14 psf to $16 psf NNN. For details regarding Westgate Plaza, contact Alex Kutikov or Barry Feinman, Vanguard Fine Retail Store Leasing, LLC, 2050 Western Avenue, Suite 201, Guilderland, NY 12084; 518-862-0861 Ext. 205/102; Emails: akutikov@vanguardfine.com and fine106@aol.com. For details regarding Wolf Road Shoppers Park, contact Barry Feinman or Kenneth Brownell; 518-862-0861 Ext. 201.
sq.ft. available. Cotenants include Union Square Wine, Regal Cinemas, a future Best Buy and a future Nordstrom Rack. Area retail includes Strawberry Stores, Forever 21, Jamba Juice, Filene’s Basement, Whole Foods Market, Subway, Shoe Mania, Max Brenner Chocolates, Cosi, WaMu, Walgreens, tasti D*lite, Starbucks, GNC, HSBC, Au Bon Pain, FedEx Express, The Food Emporium, GameStop, The UPS Store, Zen Palate, The Vitamin Shoppe, Babies “R” Us and Luna Restaurant. For details, contact Steven E. Baker, Lori Shabtai or Jeff Winick, Winick Realty Group, 655 Third Avenue, New York, NY 10017; 212-792-2636/2641/2601, Fax 212792-2660; Emails: stevenb@winick.com, lori@winick.com and jeff@winick.com; Web site: www.winick.com.
New York – One Union Square South, located at the intersection of Broadway and 14th Street, has a divisible space of 23,545
Dealmakers
www.dealmakers.net
Pennsylvania Allentown – Home Depot Plaza, a 220,000 sq.ft. center located at the intersection of Route 78 and Lehigh Street has a 9.82-acre outlot available. Carlisle – A 140,715 sq.ft. (continued on page forty-four)
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center located at the intersection of Interstate 81 and Route 34/Hanover Street, has a 10,584 sq.ft. pad site available. Cotenants include Home Depot and Chili’s. For details, contact Thomas G. Mirandi, RD Management, LLC; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. Ardmore – A multi-level center located on Cricket Terrace has a 12,500 sq.ft. groundfloor space and a 4,000 sq.ft. second-floor space available. For details, contact James C. Wilson, Mahoney Realty Group, Inc., 9 Cricket Terrace, Ardmore, PA 19003; 610552-6582, Fax 610-645-0190; Email: jwilson@mahoneyrealty.com. Ardmore – Suburban Square has spaces available of 1,262 sq.ft.; 1,646 sq.ft. and 2,211 sq.ft. Carlisle – Carlisle Marketplace has a 3,500 sq.ft. space available along with divisible spaces of 4,500 sq.ft. and 6,000 sq.ft. Chambersburg – Chambersburg Crossing has a 20,294 sq.ft. space available along with pad sites of 2,180 sq.ft.; 4,200 sq.ft. and 6,000 sq.ft. Also, Wayne Plaza has spaces available of 1,235 sq.ft.; 1,500 sq.ft.; 1,560
Pennsylvania
Pennsylvania
sq.ft.; 1,600 sq.ft. and 3,700 sq.ft. Eagleville – Ridge Pike Plaza has a divisible space of 102,749 sq.ft. along with a 3,100 sq.ft. pad site. East Norriton - Norriton Square has spaces available of 1,152 sq.ft.; 4,000 sq.ft. and 9,975 sq.ft. along with a divisible space of 28,000 sq.ft. Exton – Exton Plaza has a 22,414 sq.ft. space available. Feasterville – Bucks Crossing has a 79,695 sq.ft. space available. Horsham – Horsham Point has an 1,800 sq.ft. space available. Also, Village Mall has a 105,569 sq.ft. space available. Montgomeryville – Montgomery Square has a 28,892 sq.ft. space available. Philadelphia – Cottman & Bustleton Shopping Center has spaces available of 4,500 sq.ft.; 6,000 sq.ft. and 14,265 sq.ft. along with a 5,280 sq.ft. outlot. Also, Cottman & Castor Shopping Center has spaces available of 1,375 sq.ft.; 1,838 sq.ft.; 1,906 sq.ft.; 2,700 sq.ft.; 3,000 sq.ft.; 3,235 sq.ft. and 6,950 sq.ft. Also, Great Northeast has spaces available of 1,098 sq.ft.; 1,622 sq.ft. and 6,500 sq.ft. along with a 5,500 sq.ft. pad site. Shrewsbury – Shrewsbury Shopping Center has spaces available of 1,600 sq.ft. and 2,000 sq.ft. along with a 3,200 sq.ft. outlot. Souderton – County Line Plaza has a 2,812 sq.ft. space available. Springfield – Springfield Shopping Center has spaces available of 1,600 sq.ft.; 2,400 sq.ft. and 15,120 sq.ft. along with a
6,719 sq.ft. endcap. York – Mt. Rose Plaza has a 2,808 sq.ft. outlot available. For details regarding the Carlisle, Chambersburg, Shrewsbury and York properties, contact Jarett Parker, Kimco Realty, 170 West Ridgely Road, Lutherville, MD 21093; 410-684-2000; Web site: www.kimcorealty.com. For details regarding the remaining properties, contact Nina Sirianni, 6 Coulter Avenue, Suite 1000, Ardmore, PA 19003; 610-896-7560; Web site: www.kimcorealty.com. Bethlehem – A 1,700 sq.ft. space located on Stefko Boulevard is available. Hazleton – Hazleton Shopping Center has spaces available from 3,755 sq.ft. to 14,000 sq.ft. along with a 4,000 sq.ft. pad site. Pennsburg – Pennsburg Square Shopping Center has a 4,000 sq.ft. space available. Pittston – Pittston Plaza, located on Route 11, has spaces available from 2,000 sq.ft. to 2,500 sq.ft. along with a 1.5-acre outlot. Reading – A 50,000 sq.ft. mixed-use freestanding building has space available. Scranton – Greenridge Plaza has spaces available from 1,500 sq.ft. to 7,500 sq.ft. along with a 5,000 sq.ft. pad site and a divisible space of 57,000 sq.ft. Also, Luzerne Street Shopping Center has a 7,300 sq.ft. space available. (continued on page forty-six)
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page 44
September 18, 2009
The
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www.dealmakers.net
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Space Place Pennsylvania
(continued from page forty-four)
For details, contact Nicholas J. Aynilian, Vanick Properties, Inc., 381 Broadway, Westwood, NJ 07675; 201-666-7710, Fax 201-6667714; Email: info@vanickproperties.com; Web site: www.vanickproperties.com. Bethlehem – A 53,664 sq.ft. mixed-use center situated on 4.95 acres has spaces available from 1,400 sq.ft. to 30,000 sq.ft. Cotenants include General Floor, Dave’s Deli, Azure Blue and McIvor Studio. Area draws include Lehigh Valley International Airport. For details, contact Ann Kline, Colliers L&A, 5925 Tilgham Street, Suite 600, Allentown, PA 18104; 610-295-6116, Fax 610-770-3100. Bloomsburg – A 19,910 sq.ft. former Office Depot located at the intersection of Interstate 80 and State Route 42 is available for sublease. Hermitage – A 25,000 sq.ft. former Office Depot located on Hermitage Road is available for sublease. Wilkes-Barre – A 19,154 sq.ft. former Office Depot located on Wilkes-Barre Township Boulevard is available for sublease. Williamsport – A 20,000 sq.ft. former Office Depot located on deadend2.75x4.5.qxd:Layout 1 9/3/09 East 3rd Street is available for sublease. York – A 22,802 sq.ft. former Office Depot located
Pennsylvania
Pennsylvania
on Loucks Road is available for sublease. For details, contact Aaron Savin, Echo Retail; 412-967-6105; Email: asavin@echoretail.com; Web site: www.echoretail.com.
Shops, a 198,210 sq.ft. center, has spaces available from 1,398 sq.ft. to 31,400 sq.ft. along with a 4,000 sq.ft. outlot. Cotenants include Giant Eagle, Famous Labels, Dollar General, Fashion Bug and Hollywood Video. For details, contact Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-4037777, Fax 727-517-2276; Web site: www.lamarcompanies.com.
Hanover – Gateway Hanover, a 500,000 sq.ft. power center, has space available. Target anchors the center. Hopewell Township – Stonebridge Plaza has spaces available from 1,200 sq.ft. to 16,600 sq.ft. Cotenants include Home Depot, Gold’s Gym and Cracker Barrel. Shippensburg – Shippensburg Marketplace has a 1,600 sq.ft. space available. Giant anchors the center and cotenants include Blockbuster Video and Holiday Hair. York – Colonial Shopping Center has spaces available from 1,080 sq.ft. to 4,133 sq.ft. Area draws include York College. Area demographics include a population of 82,325 within three miles. For details, contact Ryan A. Myers, Larry O’Brien or Benjamin M. Chiaro, Rock Commercial Real Estate; 717-854-5357; Web site: www.rockrealestate.net. Irwin – Norwin Hills, a 244,364 sq.ft. center, has spaces available from 800 sq.ft. to 31,000 sq.ft. Cotenants include Aldi, Rite Aid, 5:52 PM Page 1 Goodwill Industries, GNC, Galaxy Fitness and Fashion Bug. Pittsburgh – Kennywood
Mechanicsburg – Silver Spring Square, located on Carlisle Pike, has spaces available from 1,600 sq.ft. to 6,360 sq.ft. Wegmans, Target and Best Buy anchor the center. Cotenants include OfficeMax, Ulta, Ross Dress for Less, Bed Bath & Beyond, Panera Bread, AT&T Mobility, Lane Bryant, Chili’s, Hair Cuttery, Petco, PNC Bank, Chickfil-A, Wachovia and Longhorn Steakhouse. Area demographics include a population of 93,578 within five miles earning $82,292 as the average household income. The average daily traffic count is 47,500 vehicles. For details, contact Bradley Rohrbaugh, Chad Stine or Jeremiah Hamilton, Coldwell Banker Commercial Bennett Williams, 110 North George Street, 4th Floor, York, PA 17401; 717-843-5555; Web site: www.bennettwilliams.com. (continued on page forty-eight)
Colonial Shopping Center 1,080-4,133 SF w/drive thru Next to York College 82,325 pop. 3-mile radius Shippensburg Marketplace Lease 1,600 SF retail Join Giant, Blockbuster & Holiday Hair Grocery anchored center NEW Stonebridge Plaza Lease 1,200 to 16,600 SF Join Home Depot, Gold’s Gym & Cracker Barrel Off I-83 Exit 4 Shrewsbury Gateway Hanover 500,000 SF Power Center Target Anchored Co-Listed with LMS Commercial Real Estate
Running into Dead Ends? Retail real estate deals can be full of unexpected roadblocks. Well versed in all facets of retail real estate law, Meislik & Meislik serves property owners, lenders, investors, and tenants. We navigate our clients through the most complex twists and turns of retail real estate transactions. Thinking green?—green buildings, green leases, green land use...We have a LEED® Accredited Attorney on our team.
973 783-3000 • www.meislik.com
Ryan A. Myers, CCIM Larry O’Brien, CCIM Benjamin M. Chiaro, 717-854-5357
Montclair, New Jersey
page 46
September 18, 2009
The
Dealmakers
www.dealmakers.net
CCIM
Highlight your presence at the
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(continued from page forty-six)
Philadelphia – Blue Bell Shopping Center, a 42,240 sq.ft. strip center situated on 4.7 acres at the intersection of 70th Street and Grovers Street, has spaces available of 1,120 sq.ft.; 2,400 sq.ft. and 6,400 sq.ft. Dollar Tree anchors the center and cotenants include 7-Eleven and U.S. Postal Service. Area demographics include a population of 669,033 within five miles earning $55,466 as the average household income. The average daily traffic count is 10,598 vehicles. For details, contact Nicholas Forelli, Rosen Associates Management Corp., 33 South Service Road, Jericho, NY 11753; 516-281-1532, Fax 516-281-1562; Email: nforelli@rosenmgmt.com. Philadelphia – Frankford Plaza Shopping Center, located at the intersection of Frankford Avenue and Linden Avenue, has space available including endcaps. Rite Aid and Dollar General anchor the center. West Goshen – Turner Square Shopping Center, located at the intersection of Paoli Pike and Turner Lane, has space available. Cotenants
Pennsylvania
Pennsylvania
include Chipotle, Bryn Mawr Trust and Bike Line. Area retail includes West Goshen Shopping Center, featuring Acme, Kmart, Chester County Books & Music, Staples and Rite Aid. For details, contact George Wisnoski or Fred Younkin, Fameco Real Estate, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610834-1793.
between Interstate 76 and Oregon Avenue, has spaces available of 2,200 sq.ft.; 2,800 sq.ft. and 10,000 sq.ft. Kmart anchors the center and cotenants include Pathmark, The Shack, Payless ShoeSource, GNC, Dots, Dunkin’ Donuts, Fashion Bug, Sneaker Villa, H&R Block, Citizens Bank, GameStop, Sally Beauty Supply, Avenue and Rent-A-Center. Area demographics include a population of 609,869 within five miles earning $49,160 as the average household income. For details, contact Robert Delavale, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 230; Web site: www.breslinrealty.com.
Philadelphia – One & Olney Square, a 356,000 sq.ft. center located on North Front Street, has space available. ShopRite anchors the center and cotenants include Conway Stores, U.S. Postal Service, Modell’s, Ashley Stewart, Anna’s Linens, Lucille Roberts, Foot Locker, YoungWorld and Dollar Deal. Area demographics include a population of 824,000 within five miles. For details, contact Randy Briskin, The Feil Organization, Seven Penn Plaza, New York, NY 10001; 212-563-6557 Ext. 218; Email: rbriskin@feilorg.com; Web site: www.feilorg.com. Philadelphia – Whitman Plaza, located
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Wyncote – Cedarbrook Plaza has space available. 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. Coxsackie – A 1,350 sq.ft. space is available. Cotenants include Dunkin’ Donuts, Eastern NY Federal Credit Union, The UPS Store and The Floor Store. The average daily traffic count is 18,000 vehicles. The asking rent is $10 psf NNN. For details, contact Russell Francis, R&S Francis Holdings, Inc.; 518-731-7510; Email: daytrder97@aol.com.
call us
page 48
Wayne – A 4,300 sq.ft. center located on West Lancaster Avenue has space available. Area retail includes Rite Aid, CVS, Staples and Bertucci’s. The average daily traffic count is 25,000 vehicles. For details, contact Landview, 256 Eagleview Boulevard, Exton, PA 19341; 610-524-6250, Fax 610-594-0268; Email: greg@landviewgroup.com.
The
Dealmakers
Fax (908) 668-5225
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Dayton – A 772 sq.ft. freestanding former Rally’s Hamburgers situated on a land area of 34,804 sq.ft. at the intersection of Brandt Pike and Chambersburg Road is available. Also, a 772 sq.ft. freestanding former Rally’s Hamburgers situated on a land area of 27,356 sq.ft. at the intersection of Airway Road and Woodman Drive is available. For details, contact Matt Waterman, Pegasus Investments, 15915 Ventura Boulevard, Suite 2, Encino, CA 91436; 818-981-4910, Fax 818-990-0268; Email: mdwaterman@pegasusnnn.com; Web site: www.pegasusnnn.com. DM
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Most Valuable Players AEI Capital Corporation............................................................. Pg. 4
Jack Kahn Realty Services Corp................................................ Pg. 38
ARC Properties, Inc................................................................... Pg. 7
Jeffery Realty, Inc..................................................................... Pg. 45
AutoZone................................................................................ Pg. 18
Kahn & Co. Real Estate............................................................ Pg. 41
Barclay Group......................................................................... Pg. 11
Kay Realty Services, LLC.......................................................... Pg. 34
Borrus Associates..................................................................... Pg. 40
Kimco Realty Corporation........................................................ Pg. 35
Breslin Realty.......................................................................... Pg. 19
KZA Engineering, P.A.............................................................. Pg. 44
Bursich Associates, Inc............................................................ Pg. 40
Lamar Companies.................................................................... Pg. 33
Cedar Shopping Centers, Inc..................................................... Pg. 5
Legend Properties.................................................................... Pg. 43
Coldwell Banker Commercial Bennett Williams...................... Pg. 16
Meislik & Meislik Retail Real Estate Law.................................. Pg. 46
Colliers Lanard & Axelbund..................................................... Pg. 24
Nassimi Realty......................................................................... Pg. 15
CVS Caremark Realty............................................................... Pg. 13
Nielson Claritas....................................................................... Pg. 10
David Cronheim Company...................................................... Pg. 42
Paramount Realty Services, Inc......................................... Pgs. 26, 27
Dealmakers, The..............................................................Pgs. 44, 47
Park Center, LLC...................................................................... Pg. 42
Developers Realty Corporation................................................ Pg. 12
Rancho Cucamonga Redevelopment Agency........................... Pg. 37
Dietz Partnership, The............................................................. Pg. 25
RD Management LLC.......................................................Pgs. 20, 21
DJM Realty................................................................................ Pg. 9
Retail Network, The................................................................. Pg. 39
DLC Management Corp.................................................................BC
RJ Brunelli & Co, Inc............................................................... Pg. 45
Echo Retail.............................................................................. Pg. 22
Rock Commercial Real Estate.................................................. Pg. 46
Edgewood Properties.........................................................Pgs. IFC, 3
Stuart Makler & Associates, Inc................................................ Pg. 28
Fameco Real Estate.................................................................. Pg. 38
TenantSearch........................................................................... Pg. 49
Feil Organization, The..................................................................IBC
Vanick Properties.................................................................... Pg. 14
Goldstein Group, The.............................................................. Pg. 17
Weiss Realty............................................................................ Pg. 36
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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 poperty
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 50
September 18, 2009
The
Dealmakers
www.dealmakers.net
Opportunities ONE & OLNEY SQUARE DOWNTOWN NORTH PHILADELPHIA MODELL'S
YOUNG WORLD
BEAUTY
ANNA’S LINENS
10 SPOT
TRIO DELIGHT U.S. OF A HOSIERY TOWN
LUCILLE ROBERTS
KICK’S MENS
NAILS
PAYLESS SHOES
FASHION BUG ASHLEY STEWART DOTS
FOOT LOCKER
CITI TRENDS
US POST OFFICE
3,500 SF AVAILABLE
ADULT DAY CARE
CONWAY STORES
OLNEY AVENUE
4,500 SF AVAILABLE DOLLAR DEAL
ER RG BU KING
Location: North Front Street off Roosevelt Boulevard (Route 1)
HOLLYWOOD VIDEO
PHILADELPHIA
Leasing
SHOPRITE 1,500 SF AVAILABLE
1,859 SF AVAILABLE
7,500 SF PAD AVAILABLE
ET
RE
NT
ST
O FR
GLA: 356,000 Sq. Ft. Trade Area Population: Over 824,000 within 5 miles Diverse Tenant Mix Includes: ShopRite, Conway Stores, US Post Office, Modell's, Ashley Stewart, Anna’s Linens, Lucille Roberts, Foot Locker, YoungWorld, Dollar Deal, and many more!
T H E
F E I L
O R G A N I Z A T I O N
Seven Penn Plaza • New York NY 10001 • www.feilorg.com Randy Briskin • rbriskin@feilorg.com • 212-563-6557 x 218
Nothing Beats 50 Years of Stability.
U n c o n v e n t i o n a l
W i s d o m :
Always Color Outside The Lines At DLC, we know opportunity is not found within rigid boundaries. We approach every project with creativity, innovation, foresight and vision to see beyond what is - to what can be. Outside the lines is where deals get done, complexity is made simple, and success is realized. Want a crayon?
Doers and Dealmakers
Corporate Headquarters: 580 White Plains Road, Tarrytown, NY 10591 1.866.DLC.MGMT www.dlcmgmt.com 97
shopping centers
26
states
16.5
million square feet
VISIT US AT THE ICSC PA/NJ/DE IDEA EXCHANGE - BOOTH 212