Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. XXXVII
September 28, 2012
Home-Related Chains Expand Nationwide Tuesday Morning, Inc. trades as Tuesday Morning at 840 locations nationwide. The stores, offering upscale decorative household items including rugs, lamps, garden accessories, picture frames, dinnerware, in addition to luggage, books, bedroom and bathroom items and seasonal products, occupy spaces of 10,000 sq.ft. in freestanding locations, malls and lifestyle, power, entertainment, strip, entertainment and value centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. A vanilla shell is preferred. Preferred demographics include a population of 100,000 within five miles. The company will consider sites from 8,000 sq.ft. and prefers to locate in areas with a population earning an upper median household income. For more information, contact Melissa Dean, Tuesday Morning, Inc., 6250 LBJ Freeway, Dallas, TX 75240; 972-387-3562, Fax 972-7885308; Email: mdean@tuesdaymorning.com; Web site: www.tuesdaymorning.com. Rooms To Go trades as Rooms To Go, Rooms To Go Kids and Rooms To Go Outlet at 205 locations throughout AL, FL, GA, LA, MS, NC, SC, TN, TX, VA and Puerto Rico. The stores, offering mattresses and living room, dining room and bedroom furniture, as well as related home accessories, occupy spaces of 30,000 sq.ft. to 80,000 sq.ft. in freestanding locations. Plans call for eight to 12 openings
throughout TX and the southeastern region, in addition to the gulf states of the U.S. during the coming 18 months. Preferred demographics include a population of 30,000 within seven miles earning $50,000 as the average household income. Major competitors include Ashley Furniture. A land area of three to four acres is required. The company prefers to acquire sites. For more information, contact Jeff Finkel, Rooms To Go, 400 Perimeter Center Terrace, Suite 800, Atlanta, GA 30346; 678-475-0499, Fax 770-352-9953; Email: jfinkel@roomstogo.com; Web site: www.roomstogo.com. Mattress Warehouse operates 150 locations throughout DE, MD, NC, PA, VA, WV and Washington, DC. The stores, offering mattresses, box springs, frames and related items, occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Prince George’s county in MD and Annandale, Falls Church and Springfield, VA and Washington, DC during the coming 18 months, with representation by Renaud Consulting. For more information, contact Martin Flax or Jerry Taylor, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571-765-4422/ 4428; Emails: mflax@renaudconsulting.net and jtaylor@renaudconsulting.net; Web sites: www.renaudconsulting.net; www.sleephappens.com. (continued on page seven)
This issue contains information on:
* Retailers operating 13,828 locations with plans to open 986 sites * Real estate valued in excess of $83 million to be bought, sold & financed * Leasing activity on over 4 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Post-Show ICSC PA/NJ/DE Idea Exchange New Construction Donahue Schriber breaks ground on two centers in CA Pg. 3 Who’s Opening & Where Jos. A. Banks Clothiers to open 50 stores next year........ Pg. 4 Food Retailers Expand Miller’s Ale House to enter New England and midAtlantic states........................ Pg. 6 Lease Signings The Broadbent Co. inks deal with Half Price Books in Indianapolis........................... Pg. 7 Sources of Financing CB Richard Ellis negotiates financing for six centers......... Pg. 8 Making The News Lee & Associates names prinicpal in Charleston, SC office..................................... Pg. 8 Exclusives Velocity Retail Groups reps The Dump in AZ................... Pg. 8 Buyers & Sellers WP Realty open to buy shopping centers................... Pg. 8 Lead Sheet Great Escape Theaters grows its footprint east of the Rockies.................................. Pg. 10 Journey Kidz to open 30 stores..................................... Pg. 12 Space Place........................... Pg. 14
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