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.
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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
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