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
For more news go to: www.dealmakers.net Mobile Access Code: dmk092812
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New Construction Donahue Schriber is developing Rocklin Crossings, a 543,500 sq.ft. power center located at the intersection of Sierra College Boulevard and Interstate 80 in Rocklin, CA. Walmart will anchor the center. The company is also developing Rocklin Commons, a center in Rocklin, CA. Both projects are slated to open during spring 2014. For more information, contact Donahue Schriber, 200 East Baker Street, Suite 100, Costa Mesa, CA 92626; 714-5451400, Fax 714-545-4222; Web site: www.donahueschriber.com.
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The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2012 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
JBG Rosenfield Realty is preleasing Bowie Marketplace, a 160,000 sq.ft. center located along Annapolis Road in Bowie, MD. Spaces of up to 58,000 sq.ft., along with 43,000 sq.ft. of anchor space is available. Area demographics include a population of 49,643 within three miles earning $106,831 as the average household income. The average daily traffic count is 49,810 vehicles. For more information, contact John Mitchell or Bob Schwenger, JBG Rosenfield Realty, 4445 Willard Avenue, Suite 400, Chevy Chase, MD 20815; 301-657-7336/7331, Fax 301-657-0700; Emails: jmitchell@jbgr.com and bschwenger@jbgr.com. Urban Ventures, LLC and Perry Rose, LLC are developing Aria Denver, a mixed-use center situated on 17.5 acres at the intersection of 52nd Avenue and Federal Boulevard in Denver, CO. The project is slated to open during fall 2014, and will include 30,000 sq.ft. of retail space and a multi-family housing unit. For more information, contact Susan Powers, Urban Ventures, LLC, 1600 Wynkoop, Suite 200, Denver, CO 80202; 303-446-0761, Fax 303-623-3251; Email: contact@urbanventuresllc.com; Web site: www.urbanventuresllc.com. CBL & Associates Properties, Inc. is preleasing The Crossings at Marshalls Creek, a 103,000 sq.ft. center located near Route 209 in Middle Smithfield Township, PA. Price Chopper, Rite Aid, STS Tire and Auto Centers will anchor the center and are slated to open June 2013. For more information, CBL & Associates Properties, Inc., CBL Center, Suite 500, 2030 Hamilton Place Boulevard, Chattanooga, TN 37421-6000; 423-855-0001; Email: info@cblproperties.com; Web site: www. cblproperties.com. Greenberg Gibbons is developing Foundry Row at the former Solo Cup plant along Reisterstown Road in Baltimore, MD. For more information, contact Greenberg Gibbons, 10096 Red Run Bouelvard, Suite 100, Owings Mills, MD 21117; 410559-2500, Fax 410-581-2032; Web site: www.ggcommercial.com. John J. Flatley Co. is preleasing Merrimack Park, a 268,000 sq.ft. shopping center located along Daniel Webster Highway in Merrimack, NH. Anchor positions of 37,600 sq.ft. to 110,000 sq.ft. are available. For more information, contact John J. Flatley Co., 35 Braintree Hill Office Park, Braintree, MA 02184. www.dealmakers.net
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Hull & Co., Inc. and Hollander Development are preleasing The Pavilion at Panorama, located at the intersection of East Brainerd Road and Gunbarrel Road in Chattanooga, TN. The average daily traffic count is 50,000 vehicles. Spaces from 1,500 sq.ft. up to 22,000 sq.ft. are available. For more information, contact Hull & Co., Inc., 14120 Ballantyne Corp. Plaza, Suite 525, Charlotte, NC 28277-2747; 704540-1557, Fax 866-676-1701; Web site: www.hullco.com. M&M Realty Partners is developing a mixeduse center at the former Pfizer laboratory site along Route 53 in Morris Plains, NJ. The site will feature 100,000 sq.ft. of retail space and 500 multifamily units. For more information, contact Joe Marino or Jack Morris, M&M Realty Partners, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900; Web site: www.mmrealtypartners.com. The Rockefeller Group is developing a 300,000 sq.ft. center at Tejon Ranch, located at the intersection of Highway 99 and Interstate 5 in Lebec, CA, slated to open during spring 2014. The inital phase is scheduled to be completed during March 2014. The center will include 75 to 90 stores. For more information, contact The Rockefeller Group, 1221 Avenue of the Americas, New York, NY 10020; 212-2822000; Web site: rockefellergroup.com. Steiner & Associates is developing Liberty Town Square, a mixed-use project located at the intersection of Liberty Way and Interstate 75 in Liberty Township, OH. The center is slated to open during spring 2015 and will include two department stores, a movie theater, a 150-unit apartment component and a 100,000 sq.ft. office component in the project’s first phase. For more information, contact Steiner & Associates, 4016 Townsfair Way, Suite 201, Columbus, OH 43219; 614-414-7300, Fax 614-414-7311; Web site: www.steiner.com. Next Century Associates is redeveloping Century Plaza, a mixed-use center located at the intersection of Avenue of the Stars and Constellation Boulevard in Los Angeles, CA. The project will include 1.5 million sq.ft. of mixed-use development space situated on six acres, including 394 hotel rooms, 63 residences, and a 100,000 sq.ft. retail component. For more information, contact Barbara Casey, Next Century Associates; 310-396-2400. DM September 28, 2012
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Who’s Opening and Where Micro Center (800-634-3478) plans to open stores throughout MD, NY and WI, including a 40,000 sq.ft. location in Baltimore, slated to open in November; a 60,000 sq.ft. store in Flushing, slated to open during early 2013 and a 40,000 sq.ft. Milwaukee location. The company, offering computers and electronics, currently operates 23 locations. Macy’s, Inc. (513-579-7000) will open a 140,000 sq.ft. Macy’s department store at Gurnee Mills, located in Gurnee, IL during summer 2013. The company will join New Balance, The Sports Authority, H&M and Sears Grand at the center.
Mast General Store (866-367-6278 ) is planning to open a store at Coe Plaza, a 55,000 sq.ft. building located along 5th Street between Trade Street and Cherry Street in downtown Winston-Salem, NC. The location is slated to open by 2015. The company, which offers food, apparel and outdoor gear, currently operates eight locations throughout SC and TN. Safeway, Inc. (925-467-3000) plans to open a 62,000 sq.ft. Safeway supermarket, located at the intersection of Georgia Street and Randolph Street in Washington, DC. The store is slated to open during summer 2014.
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Jos. A. Bank Clothiers, Inc. (410-239-2700) plans to open a Jos. A. Bank Clothiers store along Creedmoor Road, across from the Crabtree Valley Mall in Raleigh, NC. The location is slated to open this fall. The company is also planning to open between 45 to 50 locations during 2013. The chain currently operates 570 locations throughout 44 states nationwide, including five stores in the Raleigh, NC market, and offers men’s business and casual wear, nationwide and are, predominantly located in upscale specialty centers. Dunkin’ Brands, Inc. (781-737-3000), under a franchisee, plans to open two Dunkin’ Donuts restaurants in Cincinnati, OH during 2014 and 2015. The company currently operates more than 10,000 sites worldwide, including 7,000 locations in 36 states nationwide and more than 3,000 locations in 31 countries. Natural Grocers (877-986-4600) plans to open seven supermarkets by March 2013, including sites in Sedona, AZ; Steamboat Springs, Helena and Missoula, MT; Omaha, NE and Denton and Lubbock, TX, bringing the company’s total store count to 64 locations throughout 12 states. The new locations will also feature meeting rooms, demo kitchens and community rooms. Cardinal Bank (703-584-3400) is opening a 1,900 sq.ft. bank along Wisconsin Avenue Northwest in the Georgetown section of Washington, DC. The location is slated to open during 2013 and will be bank’s second facility in Washington, DC and outside of its VA roots. The financial service center will join Safeway at the site. McDonald’s (800-244-6227) plans to open a restaurant at Traemoor Village, located at the intersection of Lakewood Drive and Rockfish Road in the Hope Mills community of Fayetteville, NC. The location is slated to open during early 2013 and will join Harris Teeter, Hallmark, Great Clips, High Cotton Consignments Boutique, Viva The Bean and Easy Wash Dry Cleaners at the center. LA Fitness International, LLC (781-5730172) plans to open a 38,000 sq.ft. bi-level LA Fitness gym in a former Border’s at the Garden City Center in Cranston, RI during January 2014. Barilla S.p.A. (39-0521-2621), a pasta company based in Italy, plans to open a chain of restaurants in the U.S. next year, with a pilot restaurant slated to open by the end of 2013. DM
Buyers and Sellers Cambridge Capital Advisors is selling a 2,300 sq.ft. freestanding Arby’s restaurant located along West General Screven Way, in Hinesville, GA. The average daily traffic count is 30,000 vehicles. The asking price is $1.019 million, a Cap rate of 8% with six years remaining on the NNN lease. The company is also selling an Advance Auto Parts located along Nathan Dean Parkway in Rockmart, GA. Area retailers include WalMart Supercenter, Dollar General, Ingles, Rite-Aid, McDonald’s, Taco Bell, Pizza Hut, KFC, Arby’s, Wendy’s, AutoZone, Bojangles and Waffle House. The average daily traffic count is 22,000 vehicles. The asking price is $1.299 million. For more information, contact Cambridge Capital Advisors, 49 Lexington Street, Suite 5, West Newton, MA 02465; 617964-1031, Fax 617-964-1037; Email: info@cambridgecapitaladvisors.com; Web site: www.cambridgecapitaladvisors.com. Marcus & Millichap is selling a land area of 61.9-acres at the intersection of Olive Avenue and Patterson Avenue in Winchester, CA. The asking price is $0.58 psf. The company is also selling a 5,828 sq.ft. multi-tenant shopping center located at the intersection of Greenfield Avenue and Miller Parkway in West Milwaukee, WI. Cotenants include Jimmy Johns, T-Mobile, Toppers and Auto Title Loans. Area retailers include Target, Menards, KFC, Panda Express and Chili’s. Area demographics include a population of 500,775 within five miles. The average daily traffic count is 60,000 vehicles. The asking price is $2.35 million, with a Cap rate of 8.05%. For more information on the site in Winchester, contact Matthew Wenzel, Marcus & Millichap, One World Trade Center, 21st Floor, Long Beach, CA 90831; 562-257-1200; Email: matthew.wenzel@marcusmillichap.com; Web site: www.marcusmillichap.com. For more information on the site in West Milwaukee, contact Jason Ladner or Jeff Rowlett, Marcus & Millichap, 13845 Bishops Drive, Suite 150, Brookfield, WI 53005; 262-364-1925/630-461-5887; Email: jladner@marcusmillichap.com. NAI – The Dunham Group is selling a 61.6-acre parcel located at the intersection of Route 202 and Bypass Rotary, in Gorham, ME. The property is divided into two parcels by the bypass. The asking price is $1.45 million. For more information, contact Charlie Craig, NAI – The Dunham Group; 207-7737100; Email charlescraig@dunham-group. com; Web site: www.dunham-group.com.
Jones Lang LaSalle is selling Westgate Two Shopping Center, a 71,285 sq.ft. center located along Interstate 10 near Fry Road in Houston, TX. Cotenants include Ashley Furniture and Mardel Christian & Education. Area retailers include Walmart Supercenter, Sam’s Club, H-E-B Grocery Store, Kohl’s and Home Depot. Area demographics include a population of 211,000 within five miles earning $106,314 as the average household income. The average daily traffic count is 345,000 vehicles. The asking price is $9.1 million with a Cap rate of 8.0% and NOI of $728,806. The center is 100% occupied with primary lease terms through June 2022 and April 2024. For more information, contact George Cushing, Wendy Vandeventer or Jimmy Board, Jones Lang LaSalle, 1400 Post Oak Boulevard, Suite 1100, Houston, TX 77010; 713-425-5849/5845 or 713-8894029; Emails: george.cushing@am.ill.com, wendy.vandeventer@am.ill.com and jimmy.board@am.ill.com; Web site: www.joneslanglassalle.com. Lee & Associates is selling a 1.05-acre parcel and a 10-acre parcel located along Sultana Street in Hesperia, CA. Area demographics include a population of 112,939 within five miles earning $60,185 as the average household income. The average daily traffic count is 31,796 vehicles. The asking price is $1.62 million. For more information, contact James Millus, Lee & Associates, 14369 Park Avenue, Suite 200, Victorville, CA 92392; 760-241-5211, Fax 760-241-1208; Email: jmillus@lee-associates.com; Web site: www.lee-associates.com. KW Commercial First – Atlanta is selling a land area of five acres in Decatur, GA. A 25,000 sq.ft. building with 640 sq.ft. of frontage is situated on the site. Area draws include South DeKalb Mall. The asking price is $1.5 million. For more information, contact Deborah Harris, KW Commercial First - Atlanta, 200 Glenridge Point Parkway, Suite 100, Atlanta, GA 30328; 404-272-9827, Fax 770-8259103; Email: atlantarealty@kw.com; Web site: www.commercialrealtyexperts.com. RM Bradley is selling a mixed-use development site located at the intersection of New Street and Concord Street in Cambridge, MA. For more information, contact Richard Correia, RM Bradley; One Financial Plaza, Hartford, CT 06103; 860-305-5622; Email: rcorreia@rmbradley.com; Web site: www.rmbradley.com. www.dealmakers.net
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Cushman & Wakefield is selling a 6.7acre parcel located along Interstate 95 in Port Orange, FL. Area retailers include Panera Bread, Bob Evans, Denny’s, Chickfil-A, Starbucks, Red Robin, Wendy’s, Publix, Kohl’s, Target and Walgreens. Area demographics include a population of 92,488 within five miles earning $65,327 as the average household income. The average daily traffic count is 52,500 vehicles. The asking price is $149,000 per acre. For more information, contact Margery Johnson, Cushman & Wakefield; 800 North Magnolia Avenue, Suite 450, Orlando, FL 32803; Email: margery.johnson@cushwake.com; Web site: www.cushwake.com. Calkain Cos. is selling a freestanding McDonald’s restaurant located at the intersection of Interstate 95 and Lantana Road in Lantana, FL. Area retailers include Academy, Dollar General, Motel 6, Chase Bank, Publix and Costco. The asking price is $1.018 million, a Cap rate of 4% and NOI of $40,746 with 8 years remaining on the NNN lease. For more information, contact Michael Zimmerman or Patrick Nutt, Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 954-790-6611; Emails: mzimmerman@calkain.com and patrick.nutt@calkain.com; Web site: www.calkain.com. Boback Commercial Group is selling a 6,471 sq.ft. freestanding restaurant located along South Cleveland Avenue in Ft. Myers, FL. Area retailers include Panera Bread, Best Buy, Old Navy, Toys “R” Us, Sam’s Club and hh Gregg. Area draws include Edison Mall. The asking price is $1.395 million. The average daily traffic count is 52,400 vehicles. For more information, contact Jim Boback, Boback Commercial Group, 10491 Ben C. Pratt/Six Mile Cypress Parkway, Suite 203, Ft. Myers, FL 33966; 239-466-7770, Fax 239-437-4469; Email: jb@bobackcommercialgroup.com; Web site: www.bobackcommercialgroup.com. Hanley Investment Group is selling Market Lofts, a 59,948 sq.ft. retail development located at the intersection of 9th Street and Flower Street in downtown Los Angeles, CA. Ralphs Fresh Fare anchors the center and cotenants include Coffee Bean & Tea Leaf, Quiznos, Robeks and Simply Salad. Area draws include The Staple Center. For more information, contact Carlos J. Lopez, Hanley Investment Group; 949-585-7657. (continued on page eight)
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Food Retailers Expand Nationwide Starbucks operates over 17,000 locations nationwide, as well as internationally. The coffee shops occupy spaces of 1,850 sq.ft. in endcaps and freestanding locations with drive-thrus. Growth opportunities are sought throughout Hunterdon, Monmouth, Middlesex, Morris, Somerset, Sussex and Warren counties in NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc. The company will also consider inline units without drive-thru opportunities. For more information, contact David Greenman, Brian Silbert or Wayne Kasbar, Silbert Realty & Management Co., Inc., 85A Division Avenue, PO Box 406, Millington, NJ 07946-0406; 908604-6900, Fax 908-604-2030; Email: dgreenman@silbertrealestate.com; Web site: www.silbertrealestate.com. Louis Pappas Market Café operates six locations throughout FL. The restaurants occupy spaces of 2,000 sq.ft. to 2,200 sq.ft. in inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with three, five-year options. Preferred demographics include a population of 70,000 within three miles earning $60,000 as the median household income. Tenant improvement allowances are required. The company prefers sites with an outdoor patio. For more information, contact Stan Shor, Louis Pappas Market Café, 731 Wesley Avenue, Tarpon Springs, FL 34689; 727-492-8811, Fax 727-937-1788; Email: info@louispappas.com; Web site: www.louispappas.com. The Taco Truck operates six locations throughout MA, NJ and NY. The chain of taco restaurants occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in endcaps or inline spaces of strip centers and freestanding locations. Growth opportunities are sought throughout the Boston, MA metropolitan area during the coming 18 months, with representation by Conviser Property Group. Max and Leo’s Artisan Pizza operates one location in MA. The pizzeria occupies spaces of 1,500 sq.ft. to 2,500 sq.ft. in endcaps and inline spaces of shopping centers, as well as urban storefronts. Growth opportunities are sought throughout the Boston, MA metropolitan area the coming 18 months, with representation by Conviser Property Group. For more information, contact Jim Conviser, Conviser Property Group, 858 Washington Street, Suite 306, Dedham, MA 02026; 617839-0456; Email: jim@conviserpg.com; Web site: www.conviserpg.com. page 6
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Chick-fil-A, Inc. trades as Chick-fil-A at 1,661 locations throughout 39 states nationwide. The chain of quick-serve restaurants occupies spaces of 4,000 sq.ft. in regional malls and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with four, five-year options. Preferred cotenants include Home Depot, Lowe’s Home Improvement, Target and Walmart. Preferred demographics include a population of 35,000 within one mile earning $50,000 as the average household income. Drive-thrus are preferred. The company will consider inline spaces of shopping centers. For more information, contact Erwin Reid, Chick-fil-A, Inc., 5200 Buffington Road, Atlanta, GA 30349-2998; 404765-8000, Fax 404-765-8941; Email: erwin.reed@chick-fil-a.com; Web site: www.chick-fil-a.com.
Miller’s Ale House operates 56 locations throughout FL, GA, IL, NV, NY and PA. The chain of restaurants, offering steaks, salads, sandwiches, pasta, seafood and desserts, occupies spaces of 10,000 sq.ft. to 12,000 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout CT, DE, MA, MD, NJ, NY, PA and Washington, DC during the coming 18 months, with representation by SRS Real Estate Partners. A land area of twoacres is required for freestanding locations. The company will also consider secondgeneration spaces. For more information, contact David Hochberg, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-710-5243; Email: david.hochberg@srsre.com; Web site: www.srsre.com. For additional information, contact JR Kyes; 561-354-4336.
Casual Restaurant Concepts, Inc. trades as Applebee’s at 51 locations throughout FL. The chain of fast casual restaurants occupies spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Orlando and Tampa, FL during the coming 18 months. A land area of 1.5 acres is required. For more information, contact Steve Brown, Casual Restaurant Concepts, Inc., 205 South Hoover Boulevard, Suite 402, Tampa, FL 33609; 813-286-2006, Fax 813-289-2950.
Brazeiros Churrascaria operates two locations throughout TN. The chain of upscale Brazilian steakhouses occupies spaces of 6,000 sq.ft. to 9,000 sq.ft. in second generation restaurant sites. Expansion plans call for three openings throughout AL, KY, MO, OK and TN during the coming 18 months, with representation by Sierra US. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. For more information, contact John T. Beckman III, Sierra US, 8008 Carondelet Avenue, Suite 109, St. Louis, MO 63105; 314-499-6000, Fax 314-433-4041; Email: jbeckman@sierraus.com.
Brick House Tavern & Tap operates 17 locations throughout FL, KY, IL, MO, NE, NJ, NY, OH, PA and TX. The chain of restaurants occupies spaces of 7,000 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Baltimore, MD and Washington, DC during the coming 18 months, with representation by Sax Realty, Inc. The company will consider urban central business district locations. For more information, contact Les Sax, Sax Realty, Inc., 4931 Cordell Avenue, Bethesda, MD 20814; 240-497-1192, Fax 240-4971070; Email: lsax@saxrealty.com; Web site: www.saxrealty.com. Cajun’s Fabulous Fried Chicken, Inc. trades as Cajun’s Fabulous Fried Chicken at one location in MS. The restaurant occupies spaces of 2,000 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Tom Harvey, III, Cajun’s Fabulous Fried Chicken, Inc., 101-A Pass Road, Gulfport, MS 39507; 228-575-8702, Fax 228-575-8704. Dealmakers
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Zaxby’s operates 559 locations throughout AL, AR, FL, GA, IN, KY, MS, NC, SC, TN, TX and VA. The chain of quick-serve restaurants occupies spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets, as well as in LA, during the coming 18 months, with representation by Snow Properties, Inc. The company prefers to acquire raw land, needs a minimum of one-acre and is franchising. For more information, contact Tommy Mitchell, Snow Properties, Inc., 1040 Founders Boulevard, Suite 100, Athens, GA 30606; 706-433-2289; Web site: www.zaxbys.com. DM
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Home-Related Chains Expand Nationwide (continued from page one)
RTA Furniture Distributors, Inc. trades as Just Cabinets Furniture & More at 19 locations throughout DE, MD, NJ and PA. The stores, offering all wood home furnishings and kitchen cabinetry, occupy spaces of 16,000 sq.ft. to 20,000 sq.ft. in freestanding locations and outlet, strip and value centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include T.J. Maxx and Target. Preferred demographics include a population of 10,000 within one mile earning $50,000 as the average household income. Major competitors include Oak Express. A land area of two acres is required for freestanding locations. For more information, contact Ted Bernstein, RTA Furniture Distributors, Inc., 5500 Linglestown Road, Harrisburg, PA 17112; 717-540-5500, Fax 717-526-6120; Email: tedbernstein@justcabinets.com; Web site: www.justcabinets.com. Northern Tool & Equipment Co., Inc. trades as Northern Tool & Equipment at 78 locations throughout FL, GA, IA, KS, MN, MS, NC, ND, NE, OK, SC, SD, TN, TX, VA and WI. The home improvement stores, offering tools and power equipment, including automotive accessories, outdoor products, trailers and tractors, paint and electrical supplies and sporting goods, occupy spaces of 15,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout AL, AR, CO, FL, GA, IA, IL, IN, KS, KY, LA, MN, MO, MS ,NC, NM, OK, TX, VA and WI during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 350,000 within 30 miles earning $40,000 to $80,000 as the average household income. A land area of two acres is required for freestanding locations. For more information, contact Brent Obert or Duane Boris, Northern Tool & Equipment Co., Inc., 2800 Southcross Drive West, Burnsville, MN 55306; 952-8086629/952-895-6809, Fax 952-641-2503; Emails: brent.obert@northerntool.com and duane.boris@northerntool.com; Web site: www.northerntool.com. For additional information, contact Clay Mote, Venture Commercial, 214-378-1212; Email: cmote@venturedfw.com. DM
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Lease Signings Midland Atlantic Properties (317-580-9900) negotiated the following leases throughout IN: with Verizon Wireless for 3,500 sq.ft. along East U.S. Highway 26 in Avon, with the company representing the tenant and Cassidy Turley representing the landlord, Broadview Properties Partnership, in the transaction; with Sports Clips for 1,293 sq.ft. at Hamilton Crossing Centre, located at the intersection of U.S. Highway 31 and West Carmel Drive in Carmel, with the company representing the landlord, Kite Realty Group, in the transaction and with MaidPro for 1,170 sq.ft. at Hunters’ Run Shopping Center, located along East Carmel Drive in Carmel, with the company representing the landlord, The Fineberg Group, LLC, and Zickler Associates representing the tenant in the transaction; with Holy Family Books & Gifts for 1,280 sq.ft. at Carmel Walk Shopping Center, located along South Rangeline Road in Carmel, with the company representing the landlord, The Fineberg Group, LLC, in the transaction; with USA Fireworks for 2,400 sq.ft. at Prairie Lakes Shopping Center, located along Mundy Drive in Noblesville, with the company representing the landlord, Prairie Lakes Development, in the transaction; with The Salvation Army for 23,990 sq.ft. at Teal Plaza, located along Sagamore Parkway South in Lafayette, with the company representing the tenant and Lee & Associates representing the landlord, Ambrose Teal Plaza, LLC, in the transaction and with Bi Qin Shao for 3,154 sq.ft. at Pyramid Place Shoppes located along West 86th Street in Indianapolis, with the company representing the tenant and Sitehawk Retail Real Estate representing the landlord, Centre Properties, in the transaction Retail Solutions (512-474-5557) negotiated a lease with Koko FitClub for 1,400 sq.ft. at Whitestone Market, located at the intersection of Parmer Lane and FM 1431/Whitestone Boulevard in Cedar Park, TX. The company represented the tenant and Barshop & Oles represented the landlord in the transaction. The company also negotiated a lease with Sprint for 3,000 sq.ft. at San Angelo Corners, located along Sherwood Way in San Angelo, TX, with the company representing the landlord and CB Richard Ellis representing the tenant in the transaction. The Sawin Group (610-642-9100) negotiated three leases at The Shoppes at Wyomissing, a 103,108 sq.ft. lifestyle center located in Reading PA: with Berkshire Shoe & Boot Shoppe for 1,984 sq.ft.; with Menchey Music for 3,395 sq.ft. and with Charming Charlie for 6,000 sq.ft. The company represented the landlord in all of the transactions. www.dealmakers.net
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Mid-America Real Estate-Wisconsin, LLC (414-273-4600) negotiated the following leases throughout WI: with Silver Nails for 1,400 sq.ft. at Highland Ridge, located along Falls Road in Grafton, with the company representing the landlord in the transaction; with Great Clips for 1,041 sq.ft. at Wilson Creek Crossing, located along South 27th Street in Milwaukee, with the company representing the landlord in the transaction; with American Family Insurance for 780 sq.ft. and with Game Universe for 2,100 sq.ft. at Colonial Plaza, located along Appleton Avenue in Menomonee Falls, with the company representing the landlord in the transaction; with Aspen Dental for 3,200 sq.ft. along South Oneida Street in Ashwaubenon, with the company representing the tenant in the transaction and with US Cellular for 2,880 sq.ft. at Deer Trace Kohler II, located along State Highway 28 in Kohler, with the company representing the landlord in the transaction. Sansone Group (314-727-6664) negotiated the following leases throughout MO: with HQT, Inc. for 1,165 sq.ft. along Lindbergh Boulevard and with The Teacher’s Lounge, Inc. for 5,040 sq.ft. at Ronnie’s Plaza in St. Louis, with the company representing the landlords in both transactions and with Fenton Development, LLC for 2,900 sq.ft. at Dierbergs Fenton Crossing, located along Old Smizer Mill Road in Fenton. The company also negotiated a lease with Personal Finance Co., LLC for 1,000 sq.ft. at Vermillion Plaza in Pontiac, IL. The company represented the landlord, Pontiac Partners, LLC, in the transaction. Goodman Real Estate Services Group, LLC (216-381-8200) negotiated leases with Melt Bar & Grilled, Zoup! and Spirit Halloween at Points East Shopping Center, located at the intersection of Reynolds Road/State Route 306 and Mentor Avenue/U.S. Highway 20 in Mentor, OH. The company also negotiated a 15-year lease with Rural King for 80,802 sq.ft. along Mall Ring Road in St. Clairsville, OH. The company represented the tenant in the transaction. The Broadbent Co. (317-237-2900) negotiated a lease with Half Price Books for 8,800 sq.ft. at Clearwater Village, a 48,374 sq.ft. center located at the intersection of Keystone Avenue and East 82nd Street in Indianapolis, IN. Cassidy Turley San Diego (858-625-5244) negotiated a 10-year lease with Jersey Mike’s Subs for 1,450 sq.ft. along Temecula Parkway in Temecula, CA. DM September 28, 2012
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Exclusives and Leasing Assignments
Sources of Financing CB Richard Ellis negotiated $46.475 million in financing for a six property portfolio of shopping centers throughout FL, including Corridors at Ponte Vedra in Ponte Vedra Beach; First Merritt Center in Merritt Island; Mandarin Oaks in Jacksonville; Publix at Holly Hill in Daytona; Publix at Summer Bay in Clermont and Regency Village in Orlando. The loan features a 3.35% interest rate, 25-year amortization and a sevenyear term. The company also negotiated $14.03 million in financing for Thunderbird Crossing, a 79,789 sq.ft. neighborhood shopping center located at the intersection of 83rd Avenue and Thunderbird Road in Peoria, AZ. For more information regarding the FL properties, contact Michael Strober, Amanda Valenti or Donald Jennewein, CB Richard Ellis, 101 East Kennedy Boulevard, Suite 1500, Tampa, FL 33602; 813-2293111; Web site: www.cbre.com. For more information regarding Thunderbird Crossing, contact Cam Stanton, Andrew Fosberg or Steve Fernandez; 2415 East Camelback D Road, Phoenix, AZ 85016; 602-735-5555. M
Velocity Retail Group (602-682-8100) is representing the following retailers with their expansion plans throughout AZ and other select markets: Lowe’s Home Improvement in spaces of 132,000 sq.ft. or 12 to 14 acres; JCPenney in spaces of 104,175 sq.ft. or nine to 11-acre parcels; with Hobby Lobby utilizing spaces of 60,000 sq.ft. in Phoenix, Danny’s Family Car Wash using spaces of 65,000 sq.ft. or 2.5-acre parcels and The Dump in spaces of 150,000 sq.ft. to 200,000 sq.ft. in Phoenix; with Toys “R” Us and Babies “R” Us in spaces of 59,000 sq.ft. and Today’s Patio utilizing spaces of 10,000 sq.ft. throughout Phoenix and Tucson; with Chase Bank in spaces of 4,000 sq.ft.; with La-Z-Boy in spaces of 20,000 sq.ft. to 30,000 sq.ft.; with Mega Furniture in spaces of 15,000 sq.ft. to 40,000 sq.ft.; with Furnish 123 using spaces of 5,000 sq.ft. and with Goodwill utilizing spaces of 20,000 sq.ft. to 40,000 sq.ft. throughout Phoenix and Yuma. The company is also representing Old Navy in spaces of 15,000 sq.ft. to 19,000 sq.ft. throughout AZ and NV and Mattress Firm in spaces of 3,500 sq.ft. to 4,000 sq.ft. throughout AZ, ID and UT.
Real Estate Professionals Making the News JCR Cos. (703-248-0050) hired Christine Mo as director of operations. In her new role, Mo will oversee the day-to-day operations of the company. Prior to joining the company, Mo served at NAI Chesterfield as vice president. The company also hired Drew Briscoe as leasing associate. In his new role, Briscoe will work with the company’s retail leasing platform. The company specializes in producing returns for investors through the acquisition and management of real estate assets nationwide. NAI Avant (843-720-4944) promoted Kaitlyn Mills from marketing associate at the company’s Columbia, SC office to marketing coordinator and project manager at its Charleston, SC office. In her new role, Mills will assist in marketing, research and public relations. The company specializes in comprehensive brokerage, leasing, development, property and project management services. Lee & Associates (843-747-1200) promoted Will Sherrod to principal of its Charleston, SC office. Prior to joining the company, Sherrod served at Anchor Commercial Real Estate as an associate. The company specializes in D commercial real estate services. M page 8
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Saugatuck Commercial Real Estate, LLC (203-222-4194) is representing the following retailers with their expansion plans: with Koko FitClub in spaces of 1,500 sq.ft. to 2,000 sq.ft. throughout Fairfield County, CT; with Marble Slab Creamery utilizing spaces of 1,000 sq.ft. to 1,500 sq.ft. and Pretzel Maker in spaces of 400 sq.ft. to 800 sq.ft. throughout CT, MA, RI, the New York, NY metropolitan area, as well as Dutchess, Long Island, Putnam, Orange, Rockland and Westchester counties in NY; Moe’s Southwest Grill in spaces of 2,200 sq.ft. to 3,000 sq.ft. in select markets of CT; Monro Muffler Brake & Service in spaces of 5,000 sq.ft. to 7,000 sq.ft. throughout CT, MA and RI; with Pollo Campero using spaces of 2,500 sq.ft. to 3,000 sq.ft. in Fairfield County, CT and Westchester County, NY; with Robeks in spaces of 800 sq.ft. to 1,200 sq.ft. throughout CT and Westchester, NY; with rue21 utilizing spaces of 4,500 sq.ft. to 6,000 sq.ft. throughout CT, MA, ME, NH, RI and VT; T.G.I. Friday’s in spaces of 7,000 sq.ft. to 7,500 sq.ft. throughout CT and Title Boxing Club using spaces of 5,000 sq.ft. to 6,000 sq.ft. throughout Fairfield D County, CT and Westchester County, NY. M
Buyers and Sellers (continued from page five)
Deerfield Partners is selling a 14,820 sq.ft. freestanding Walgreens located at the intersection of Hartford Pike and Putnam Pike in Dayville, CT. Area retailers include Target, Lowe’s Home Improvement, Staples, Stop & Shop, Bed Bath and Beyond, Petco, and Starbucks. Area demographics include a population of 23,249 within five miles earning $66,599 as the average household income. The asking price is $6.42 million, with a Cap rate of 6%. For more information, contact John Giordani or Art Griffith, Deerfield Partners, 71 Stevenson Street, Suite 400, San Francisco, CA 94105; 415-685-3035, Fax 415-8712577; Email: team@deerfieldteam.com; Web site: www.deerfieldteam.com. WP Realty is looking to acquire open-air or enclosed shopping centers spanning from New England up through the Mid-Atlantic region of the U.S. Preferred acquisitions include GLAs with a minimum of 100,000 sq.ft. and at least 15% vacancy. For more information, contact Joseph R. Staugaard, III, WP Realty; 940 Haverford Road, Bryn Mawr, PA 19010; 610-552-6062, Fax 610-552-6002; Email: jstaugaard@wprealty.com; Web site: www.wprealty.com. Dealmakers
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The Goodman Co. is looking to acquire distressed shopping centers throughout major markets in Florida. The preferred price range is $1 million. Preferred acquisitions include centers in “A” quality locations near major transportation hubs and in coastal communities. For more information, contact John W. Dowd III, The Goodman Co., 777 South Flagler Drive, Suite 1101 – East Tower, West Palm Beach, FL 33401; 561-804-4021; Email: jdowd@thegoodmancompany.com; Web site: www.thegoodmancompany.com. DM
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Lead Sheet Slyman Bros. & Sons Appliances Darlene Slyman 4900 Hampton Avenue St. Louis, MO 63109 314-352-8845, Fax 314-352-6767
Appliances The two-unit chain operates locations throughout MO. The appliance stores occupy spaces of 2,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Autonation, Inc. dba Autonation Harry Brumley 200 Southeast 1st Avenue, 14th Floor Ft. Lauderdale, FL 33301 954-769-7134, Fax 954-769-8954 Web site: www.autonation.com
Automotive The 210-unit chain operates locations nationwide. The automotive dealerships occupy freestanding locations or outparcels of malls and power centers on land areas of three to 25 acres. Growth opportunities are sough throughout major metropolitan markets in the southern region and Sunbelt area of the U.S. Typical leases run 10 to 20 years. Preferred cotenants include big box retailers.
Daniels Tire Service, Inc. dba Daniels Tire Service John Daniels 11850 East Slauson Avneue Santa Fe Springs, CA 90670 562-698-9401
Automotive The 15-unit chain operates location throughout southern CA. The automotive service centers occupy spaces of 7,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
LubePro’s International, Inc. dba LubePro’s Ray Keating 1740 South Bell School Road Cherry Valley, IL 61016 815-332-9200, Fax 815-332-9355 Email: rayk@lubepros.com Web site: www.lubepros.com
Automotive The 34-unit chain operates locations throughout IL, MN, TN and WI. The automotive service centers occupy spaces of 1,800 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought throughout the Midwestern region of the U.S. during the coming 18 months. Typical leases run 20 years with five, five-year options. Specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 30,000 within three miles earning $45,000 as the average household income. Major competitors include Jiffy Lube and Valvoline Instant Oil Change. A land area of 15,000 sq.ft. to 20,000 sq.ft. is required for freestanding locations. The company is franchising.
Dollar Star Ralph Lobodzinski 16300 Northwest 48th Avenue Hialeah, FL 33014 305-970-6929 Email: rlobo@wareshouse99.com
Discount The 17-unit chain operates locations throughout FL, GA, NC and SC. The discount stores occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Major competitors include Dollar Tree, Dollar General and Family Dollar.
B&B Movie Theatres, LLC dba B&B Theatres Dennis McIntire 2101 West Kansas / PO Box 129 Liberty, MO 64068 816-407-7469, Fax 816-407-9805 Web site: www.bbtheatres.com
Entertainment The 33-unit chain operates locations throughout FL, KS, MO, OK and TX. The movie theaters occupy spaces of 13,000 sq.ft. to 45,000 sq.ft. in freestanding locations, malls, entertainment and strip centers. Plans call for two to three openings throughout TX during the coming 18 months. Typical leases run 20 years.
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Lead Sheet Great Escape Theatres Anne Ragains c/o Aliance Management 300 Professional Court, Suite 200 New Albany, IN 47150 812-945-4006, Fax 812-945-4076 Email: aragains@alianceent.com Web site: www.greatescapetheatres.com
Entertainment The 26-unit chain operates locations throughout GA, IL, IN, KY, MO, NE, OH, PA, SC, TN and WV. The movie theaters occupy spaces of 40,000 sq.ft. to 80,000 sq.ft. in malls and entertainment, lifestyle and power centers. Growth opportunities are sought in areas east of the Rocky Mountains during the coming 18 months. Typical leases run 15 years with options. Preferred demographics include a population of 150,000 within 10 miles earning $70,000 as the average household income. Major competitors include AMC, Regal and Cinemark.
Island Carousel, Inc. dba Island Carousel William Christ 1377 North Collier Boulevard Marco Island, FL 34145 239-389-0945, Fax 239-389-0944 Email: islandcarousel@embarqmail.com Web site: www.islandcarousel.com
Entertainment The 35-unit chain operates locations nationwide. The company operates carousel rides in regional shopping malls and prefers to occupy spaces of 465 sq.ft. to 1,000 sq.ft. Growth opportunities are sought throughout the existing area during the coming 18 months. Typical leases run one to five years. Preferred cotenants include retailers catering to children.
Mann Theaters, Inc. dba Mann Theaters Steve Mann 900 East 80th Street Bloomington, MN 55420 952-767-0102, Fax 952-767-0103
Entertainment The 12-unit chain operates locations throughout MN. The movie theaters occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations, regional malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
PNC Bank Bill Dickinson c/o Rappaport Retail Brokers 8405 Greensboro Drive, Suite 830 McLean, VA 22102-5121 703-310-6983, Fax 571-382-1210 Email: bdickinson@rappaportco.com Web site: www.rappaportco.com
Finance The company operates locations throughout DE, FL, GA, IL, IN, KY, MD, MI, MO, NJ, NY, OH, PA, TN, VA, WI, WV and Washington, DC. The banks occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in pad sites and endcaps of shopping centers. Growth opportunities are sought throughout Baltimore, MD; VA and Washington, DC during the coming 18 months, with representation by Rappaport Retail Brokers.
Healthworks Fitness Center dba Healthworks Mark Harrington or Matt Harrington 137 Newbury Street Boston, MA 02116 Emails: mharrington@healthworksfitness.com or mh@healthworksfitness.com Web site: www.healthworksfitness.com
Fitness The seven-unit chain operates locations throughout MA. The health clubs occupy spaces of 15,000 sq.ft. to 35,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout Boston, MA; New York, NY and Washington, DC during the coming 18 months. The company will also consider spaces of 12,000 sq.ft. to 18,000 sq.ft. and is also seeking to expand a co-ed gym concept in suburban markets and small cities.
Beauty Management, Inc. dba Perfect Look Sue Dunn 270 Beavercreek Road, Suite 100 Oregon City, OR 97045 Fax 503-723-3232 Web site: www.perfectlooksalons.com
Hair The 89-unit chain operates locations throughout the western region of the U.S. The hair salons occupy spaces of 800 sq.ft. to 1,600 sq.ft. in malls, outlet and strip centers. Growth opportunities are sought throughout AZ, ID, OR and WA during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include grocery stores. Major competitors include Super Cuts and Great Clips. The company prefers sites submittals by mail.
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Lead Sheet Supercuts Vicki Ezra c/o The Dartmouth Co. 205 Robin Road, Suite 120 Paramus, NJ 07652 201-712-1001 Ext. 139, Fax 201-712-1274 Email: vezra@dartco.com Web site: www.dartco.com
Hair The 2,100-unit chain operates locations nationwide and in Canada and Puerto Rico. The discount hair salons occupy spaces of 800 sq.ft. to 1,200 sq.ft. in freestanding locations, specialty and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout Bergen, Essex, Hudson, Morris, Passaic, Sussex and Warren counties in NJ and Orange and Rockland counties in NY during the coming 18 months, with representation by The Dartmouth Co. Typical leases run five years. Specific improvements are required. Major competitors include Great Clips, Fantastic Sams and Sports Clips.
Games Workshop, Inc. dba Games Workshop Jason Canada 6211 East Holmes Road Memphis, TN 38141 800-394-4263 Web site: www.games-workshop.com
Hobby The 400-unit chain operates locations nationwide and in Canada and internationally. The stores, offering fantasy and futuristic tabletop battle games, occupy spaces of 600 sq.ft. to 1,200 sq.ft. in grocery anchored strip and neighborhood centers. Plans call for 20 openings nationwide during the coming 18 months. Preferred cotenants include Best Buy, Target, Walmart, movie theaters, book stores and casual dining restaurants.
Chain Reaction, Inc. dba CR Jewelers Diamond Outlet Donald Weinberg 4010 Oak Circle Boca Raton, FL 33431 561-338-8411, Fax 561-338-8294 Web site: www.crjewelers.com
Jewelry The 12-unit chain operates locations throughout CA, FL, MD, NJ and VA. The jewelry stores occupy spaces of 800 sq.ft. to 1,200 sq.ft. in malls and strip centers. Plans call for two openings throughout the existing markets during the coming 18 months. Typical leases run seven years. Preferred cotenants include supermarkets.
PWS, Inc. dba Launderland, Lucy’s Laundrymart, Sudz, Spin Cycle and Fiesta Lavanderia Brad Steinberg 6500 Flotilla Street Los Angeles, CA 90040 323-490-1879 Email: bsteinberg@pwslaundry.com Web site: www.pwslaundry.com
Laundromat The company operates locations throughout CA. The laundromats occupy spaces of 1,800 sq.ft. to 4,500 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 locate in areas with a dense renter population and will consider second-generation spaces. Preferred cotenants include supermarkets.
Petsense, LLC dba Petsense Robin Muir PO Box 51045 Amarillo, TX 79159 806-570-2874 Email: robin-muir@petsensellc.com Web site: www.petsensellc.com
Pet Supplies The 61-unit chain operates locations nationwide. The pet supply stores occupy spaces of at least 5,200 sq.ft. in freestanding locations and strip centers. Plans call for 35 openings throughout the existing market during the coming 18 months. Typical leases run five years. A turnkey is required. Preferred cotenants include Home Depot, Walmart, Lowe’s Home Improvement and grocery stores.
DSW Marty Hennessy c/o Katz & Associates 2300 Glades Road, Suite 460W Boca Raton, FL 33431 561-361-7232
Shoes The 342-unit chain operates locations nationwide throughout 41 states. The stores, offering footwear and accessories, occupy spaces of 18,000 sq.ft. in freestanding locations, power centers and regional malls. Growth opportunities are sought throughout AL, AR, FL, LA, MS, NC, SC, TN and Puerto Rico during the coming 18 months, with representation by Katz & Associates. Typical leases run 10 years. Preferred cotenants include department stores and big box retailers.
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Lead Sheet Genesco, Inc. dba Journey Kidz David Stuck 1415 Murfreesboro Road, Suite 606 Nashville, TN 37217 615-367-8011, Fax 615-367-7323 Email: dstuck@genesco.com Web site: www.genesco.com
Shoes The 152-unit chain operates locations nationwide. The shoe stores occupy spaces of 1,200 sq.ft. to 1,600 sq.ft. in malls. Plans call for 30 openings throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Build-A-Bear, Children’s Place, Gap Kids and Gymboree.
Tandy Leather Factory, Inc. dba Tandy Leather Factory Tim Wilkinson 1900 Southeast Loop 820 Ft. Worth, TX 76140 817-872-3200, Fax 817-872-3120 Web site: www.tandyleather.com
Specialty The 109-unit chain operates locations nationwide and in Canada and internationally. The stores, offering leathercraft tools, stamps and supplies, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in freestanding locations, strip and value centers, as well as urban/downtown areas. The company will relocate stores throughout the U.S. and seek growth opportunities internationally during the coming 18 months.
99 Cents Only Stores Jesse Allen 4000 Union Pacific Avenue City of Commerce, CA 90023 323-881-1258, Fax 323-307-9636 Web site: www.99only.com
Variety The 302-unit chain operates locations throughout AZ, CA, NV and TX. The stores, offering discounted general merchandise, occupy spaces of 12,000 sq.ft. to 22,000 sq.ft. in freestanding locations, neighborhood and power centers, as well as downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 70,000 within one mile earning $40,000 as the average household income.
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, minerals and specialty supplements, occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in malls, specialty and strip centers, as well as 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.
Costco Wholesale Joseph Montesano c/o Northwest Atlantic 107 Mill Plain Road, Suite 304 Danbury, CT 06811 203-628-7900 Ext. 343 Email: joe@northwestatlantic.com Web site: www.northwestatlantic.com
Wholesale Club The 610-unit chain operates locations nationwide and Canada and internationally. The wholesale clubs occupy spaces of 148,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout nationwide and internationally during the coming 18 months, with representation by Northwest Atlantic.
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 12
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Birmingham – Midfield Plaza, a 166,180 sq.ft. center located at the intersection of Bessemer Highway and Aaron Aronov Drive, has a space of 45,000 sq.ft. available. Contenants include Piggly Wiggly, Family Dollar, Good Year Tire, Tooth Zone, McDonalds, and EZ Pawn. Area retailers include Wal-Mart, Western Hills Mall and Burlington Coat Factory. Area demographics include a population of 140,000 within five miles earning $37,000 as the average household income. The average daily traffic count includes 25,400 vehicles. Huntsville – Huntsville West Plaza, a 214,000 sq.ft. center located at the intersection of Sparkman Drive and University Drive, has inline spaces available, as well as an anchor position. Cotenants include Aldi, Dollar General, Citi Trends, Advance Auto Parts, Papa John’s Pizza, Subway, Barton’s, Essex Retail Outlet, Thrift Mart, Sally Beauty Supply and Casual Male XL. Area demographics include a population of 122,000 within five miles earning $46,955 as the average household income. The average daily traffic count is 70,000 vehicles. For more information, contact Donald Derman, The Brookhill Group, Leasing Department; 501 Madison Avenue, New York, NY 10022; 212-753-3123, Fax 212371-9515; Email: leasing@brookhillre.com; Web site: www.brookhillre.com.
For more information, contact John Livaditis, Tanner Johnson or Eric Diesch; Axio Commercial Real Estate, 1060 Bannock Street, Suite 300, Denver, CO 80204; 303592-7300, Fax 303-592-7305; Emails: john@axiore.com, tanner@axiore.com, eric@axiore.com; Web site: www.axiore.com.
Plank Road, Waterbury, CT 06705; 203573-0342, Fax 203-755-7962; Email: tvalenti@calabreseagency.com; Web site: www.calabreseagency.com.
Connecticut Bloomfield – Copaco Shopping Center, a 430,000 sq.ft. regional power center located at the intersection of Cottage Grove Road and Granby Street, has spaces of 1,823 sq.ft; 2,261 sq.ft; 3,300 sq.ft., and 4,860 sq.ft. available, as well as a proposed 21,000 sq.ft. pad site. Lowe’s and Burlington Coat Factory anchor the center and cotenants include Radio Shack, Payless Shoesource, Dots, Dollar Tree, Eblens, Avenue, Stop & Shop, Webster, IHOP, CVS, Metro PCS, Dunkin Donuts, Blimpie, GameStop, and Bridgestone. Area demographics include a population of 181,480 within five miles earning $70,303 as the average household income. For more information, contact Matthew 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.
Colorado
Derby – The Commons At Derby, a center located at the intersection of Sodom Lane and New Haven Avenue, has spaces of 2,300 sq.ft. to 4,635 sq.ft. available. Big Lots, Starbucks, and The Edge Fitness Club anchor the center and area retailers include Lowe’s and Walmart. Area demographics include a population of 110,764 within five miles earning $90,643 as the average household income. For more information, contact Robert Goldfeder, Basser Kaufman, 151 Irving Place, Woodmere, NY 11598; 516-5693700 Ext. 127, Fax 516-569-7528; Email: robert@basserkaufman.com; Web site: www.basserkaufman.com.
Centennial – The Shops At Fox Hill, a center located at the intersection of South Reservoir Road and Quincy Avenue, has spaces available of 1,300 sq.ft. to 3,600 sq.ft. available. Cotenants include Wine & Spirits, Cross Fit South Aurora, Mathnasium, and Tae Kwan Do. Area demographics include a population of 229,551 within five miles earning $94,496 as the average household income. The average daily traffic count is 30,000 vehicles.
East Hartford – A 0.76-acre parcel of land, located along Main Street is available. Area retailers include Carquest Auto Parts, Monroe Muffler, and D’Angelos Grilled Sandwiches. Area demographics include a population of 201,002 within five miles earning $60,703 as the average household income. The average daily traffic count is 16,000 vehicles. The asking rent is $75,000 annually. For more information, contact Tony Valenti, R. Calabrese Agency, LLC, 553
Scottsboro – Scottsboro Shopping Center, a 42,130 sq.ft. center located at the intersection of John T. Reid Parkway and County Park Road, has a space of 42,130 sq.ft. available. Kmart anchors the center and cotenants include McDonald’s and Chinese Buffet. Area demographics include a population of 14,214 within five miles earning $48,414 as the average household income. For more information, contact Alex Conner, Brixmor, 9101 International Drive, Suite 1600, Orlando, FL 32819; 407-9032922; Email: alex.conner@brixmor.com; Web site: www.brixmor.com.
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East Lyme – Super Stop & Shop Center, a center located at the intersection of Flanders Road and Industrial Park Road, has a space of 1,880 sq.ft. available. Super Stop & Shop anchors the center and cotenants include Sleepy’s and Sound Medical, and Nail Spa. Area demographics include a population of 39,810 within five miles earning $85,512 as the average household income. The asking rent is $20 psf. New Haven – A 1,475 sq.ft. space, located at the intersection of Whitney Avenue and Grove Street, is available. Area retailers include Odd Bins Wine, Lilly’s, and Bruegger’s Bagels. Area demographics include a population of 96,103 within two miles earning $48,168 as the average household income. The asking rent is $25 psf. For more information on the East Lyme property, contact Lou Proto, Proto Group, 116 Washington Avenue, 4th Floor, North Haven, CT 06473; 203-234-6371, Fax 203234-6372; Email: proto@theprotogroup.com; Web site: www.theprotogroup.com. For more information on the New Haven property, contact Steve Patten; Email: patten@theprotogroup.com.
Florida Auburndale – Havendale Square, a 95,950 sq.ft. strip center located at the intersection of Havendale Boulevard and Charlotte Road, has space available. Dollar General, Beall’s Outlet, Save-A-Lot, and Citi Trend anchor the center. Cotenants include Little Caesars, Fantastic Sams, and H&R Block. Eustis – Eustis Plaza, a 107,000 sq.ft. strip center located at the intersection of US Highway 441 and US Highway 19, has space available. Big Lots anchors the center and cotenants include Dollar General, Rent-ACenter, and Subway. Rockledge – Rockledge Plaza, a 3,900 sq.ft. strip center located at the intersection of Barnes Boulevard and Murrell Road has space available. Publix is adjacent to the center. Sanford – Westwood Village, a 38,000 sq.ft. center located at the intersection of State Road 46 and Oregon Street, near Interstate 4, has land areas of 1.10-acres and 1.14-acres available. TrustCo Bank, PinchA-Penny, and All State Insurance anchor the center. The average daily traffic count is 32,000 vehicles. Sanford – Towne Center Plaza, a 41,367 sq.ft. center located at the intersection of US Highway 17-92 and State
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Illinois
Route 46-A, has space available. Save-A-Lot anchors the center, with cotenants including Family Dollar, Aarons, and Amscot. Venice – Shops Of Venice, a 10,421 sq.ft. center located at the intersection of Tamiami Trail and Jacaranda Boulevard, has space available. Walmart Super Center shadow anchors the center with cotenants including Verizon Wireless, Game Stop, Mattress Firm, and Amscot. For more information on the Eustis, Orlando, Sanford, or Venice properties, contact Linda Carrick-Warfield, Real Property Specialists, 2345 West Sand Lake Road, Suite 100; 407812-8000 Ext. 120, Fax 407-812-8885; Email: linda@realpropertyspecialists.com; Web site: www.realpropertyspecialists.com. For more information on the Auburndale property, contact Mike Charron. For more information on the Rockledge property, contact Ryan Combs.
Email: banthony@summitrealtyfl.com; Web site: www.summitrealtyfl.com.
For more information, contact Lori Caton or Steve Caton, Caton Commercial Real Estate Group, 16106 South Route 59, Plainfield, IL 60586; 815-436-5700, Fax 815-439-3370; Web site: www.catoncommerical.com.
Coral Springs – Atlantic Crossing, a 171,280 sq.ft. center located at the intersection of University Drive and Atlantic Avenue, has a space available of 1,187 sq.ft. Whole Foods, Home Depot, and Office Max anchor the center with contenants including Lens Crafters. Sams Club shadow anchors the center. Area demographics include a population of 2.28 million within five miles earning $57,000 as the average household income. The asking rent is $30 NNN. For more information, contact Robert Swierburt, Acadia D.R. Management, LLC, 1311 Mamasoneck, White Plains, NY 10605; 914-288-8122; Email: rswierbut@acadiarealty.com; Web site: www.acadiarealty.com. Delray Beach – Atlantic Plaza, a 36,000 sq.ft. specialty center located along Jog Road, has spaces available of 1,350 sq.ft., 1,500 sq.ft. and 2,000 sq.ft. Gramercy Bagels and Deli and Upcoming Jewelry Exchange anchor the center and cotenants include Raymond James Financial, The Salon, Odyssey Diner, Beijing Palace and Elite Nails. Area retailers include Home Depot, Applebee’s, CVS, Banks Humana, Rotelli’s, Subway, and Wendy’s. Area demographics include a population of 168,000 within five miles earning $90,000 as the average household income. The average daily traffic count is 37,000 vehicles. The asking rent is $18 psf with Cam of $3.82 and taxes of $2.31. For more information, contact Bonnie Anthony, Summit Realty Leasing & Management Corp, 1701 North Federal Highway, Suite 4, Boca Raton, FL 33487; 561-395-1216 Ext. 113, Fax 561-750-6169;
Illinois Crest Hill – A center located along at the intersection of Theodore Street and Cedarwood Drive, has a 1,466 sq.ft. endcap space available. Cotenants include Rosati’s and S&A Liquors. Area demographics include a population of 203,895 within five miles earning $74,283 as the average household income. The average daily traffic count is 15,300 vehicles.
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Mokena – The Promenade, a 44,000 sq.ft. center, situated on five acres at the intersection of 191st Street and LaGrange Road, has spaces available of 1,800 sq.ft. and 3,000 sq.ft. Parkview Orthopedics, Jenny’s Steak House and El (continued on page sixteen)
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Cortez anchor the center. For more information, contact Tim Tynan, Remax 10, 9658 West 131st Street, Palos Park, IL, 60467; 708-217-5435; Email: timtynan@aol.com. Warrenville – Cantera Commons, a center located at the intersection of Diehl Road and Winfield Road, has spaces available of 1,076 sq.ft. and 1,197 sq.ft. Go Roma anchors the center. Cotenants include Potbelly Sandwich Works, Luxury Nails, and Super Cuts. Area retailers include Lifetime Fitness, Regal Theatres, Super Target, and McDonald’s. Area demographics include a population of 185,974 within five miles earning $71,412 as the average household income. The average daily traffic count is 24,000 vehicles. For more information, contact Barb Kading, Mid-America Asset Management, Inc., 1 Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630954-7348, Fax 630-954-7306; Email: bkading@midamericagrp.com; Web site: www.midamericagrp.com.
Massachusetts
New Jersey
Newton – Cortland Commerce Retail Center, a strip center located along Route 13, has spaces available of 1,400 sq.ft. and 3,500 sq.ft. Aspen Dental and McDonald’s anchor the center. The center is adjacent to SuperWalmart and Lowe’s Home Improvement. Area demographics include a population of 30,000 within five miles. The average daily traffic count is 27,000 vehicles. The asking rent is $20 psf. For more information, contact J. Nicholas Slottje, Charlesbank Realty Trust, 15 Cypress Street, Newton, MA 02459; 617-795-0072; Email: jnslottje@gmail.com; Web site: www.charlesbankrealtytrust.com.
earning $144,885 as the average household income. Towaco – Main Plaza, a center located along Main Road Route 202, has a space available of 1,502 sq.ft. Cotenants include Quick Chek, Gabriel Jewelers, Smile Cleaners, Focal Point Eye Care, Bella Pizza and Paradise Nails. Area demographics include a population of 103,117 within five miles earning $123,631 as the average household income. For more information on the Livingston property, contact Arthur Zebofsky or Neal Richards, Vanguard Realty, Inc., 195 Columbia Turnpike, Suite 100, Florham Park, NJ 07932; 973-443-9700 Ext. 30; Emails: azebofsky@vanguardsite.com or nrichards@vanguardsite.com; Web site: www.vanguardsite.com. For more information on the Towaco property, contact Bill Bonn, Email: wbonn@vanguardsite.com.
New Jersey Livingston– A divisible 3,000 sq.ft. space located along South Livingston Avenue is available. Area retailers include Chari Amster Boutique, Do Re Me Music School, Oxford Learning Center, Haagen-Dazs, Salon DiBenadetto, Adornments and Ain’t We Sweet. Area demographics include a population of 266,855 within five miles
Manasquan – Manasquan Plaza, a center located at the intersection of Atlantic and North Main Street, has a space available of 1,700 sq.ft. Dairy Queen anchors the center. Area demographics include a population of 65,000 within five miles. The asking rent is $21 psf. For more information, contact Jim Constantinou, 201-725-0403; Email: jconstantinou@msn.com. West Berlin – A space of 3,500 sq.ft. is available along Route 73. Area demographics include a population of 134,566 within five miles earning $72,902 as the average household income. For more information, contact Douglas Green or Brittany Goldberg, Michael Salove Co., 1845 Walnut Street, 6th Floor, Philadelphia, PA 19103; 215-5682600; Emails: dgreen@salove.com and bgoldberg@salove.com; Web site: www.salove.com.
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Wildwood – A 15,000 sq.ft. center located at the intersection of Maple Avenue and Glenwood Avenue has spaces available of 2,001 sq.ft. to 3,500 sq.ft Cotenants include Kohr’s Ice Cream, Hot Spot, Chipstix, and Swag. For more information, contact Sammy Botton, Botton Realty, 3000 Boardwalk, Wildwood, NJ 08260; 917-804-4234, Fax 212-630-0502; Email: ssbotton@yahoo.com
New York Brooklyn – A 79,000 sq.ft. center located along Nostrand Avenue, between Avenue (continued on page eighteen) page 16
September 28, 2012
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Advertise with The Dealmakers at the
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Y and Avenue Z, has spaces available of 1,500 sq.ft., 2,500 sq.ft., and 4,000 sq.ft. Cotenants include JP Morgan, Chase Bank, Silver Star Market, Carebay Pharmacy, Allstate Insurance, Peking Sun Restaurant, and Investor’s Savings Bank. Area demographics include a population of 81,488 within one mile earning $67,804 as the average household income. The average daily traffic count is 12,500 vehicles. The asking rent is $34 psf. For more information, contact Robert Altschuler, Cohen Real Estate, 9 East 40th Street, New York, NY 10016; 212-803-5788; Email: altschuler@cohenco.com; Web site: www.cohen-commercial.com. Staten Island – A 357,656 sq.ft. center located at the intersection of Richmond Avenue and Platinum Avenue has spaces available of 2,001 sq.ft. to 3,500 sq.ft. Cotenants include Best Buy, Super Stop & Shop, Michael’s, Raymour & Flannigan, Bed Bath & Beyond, and Toys “R” Us. For more information, contact Cathy
New York
New York
Dubas, Pergament Properties, 95 Froehlich Farm Boulevard, Woodbury, NY 11797; 516-496-1400, Fax 516-496-1411; Email: cdubas@pergamentproperties.com; Web site: pergamentproperties.com.
For more information, contact Dennis McCoy, NAI Long Island, 3 Huntington Quadrangle, Suite 307 North, Melville, NY 11747; 631-270-3029, Fax 631-270-3059; Email: dmccoy@nailongisland.com; Web site: www.nailongisland.com.
East Elmhurst – A 9,000 sq.ft. center located along Astoria Boulevard has spaces available of 1,609 sq.ft. and 1,780 sq.ft. Cotenants include Dunkin’ Donuts, T-Mobile, and Popeye’s. Area demographics include a population of 2.42 million within five miles earning $73,219 as the average household income. The asking rent is $43 psf. Syosset – Syosset Crossing, a 30,000 sq.ft. center located at the intersection of Eileen Way and Jericho Turnpike, has spaces available of 1,500 sq.ft., 3,000 sq.ft., and 14,000 sq.ft. This is new construction of high-end retail located in the North Shore of Long Island. Bone Fish Grill anchors the center, and area retailers include Home Depot, King Kullen, Red Mango, 1-800 Flowers, and Home Goods. Area demographics include a population of 208,577 within five miles earning $103,707 as the average household income.
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Nevada Reno – Clarkson Plaza, a 24,750 sq.ft. strip center situated on five acres at the intersection of Kietzke, Gentry, and Moana Lane has a space available of 7,908 sq.ft. Big O Tire anchors the center. Area retailers include Bed Bath, and Beyond, Sportsmen Warehouse and Ashley Furniture. Area demographics include a population of 216,000 within five miles earning $65,000 as the average household income. The average daily traffic count is 70,000 vehicles. For more information, contact Denny Welsand, Welsand & Associates, 1055 West Moana Lane, Suite 104, Reno, NV 89509; 775-560-5995, Fax 775-853-6846; Email: welsand@gbis.com; Web site: www.gbis.com. DM
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Mixed-use new development 148 Acres
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• harrisburg market • Union Square Shopping Center Harrisburg, PA 3,500 SF • 9,600 SF • 24,300 SF Join:Weis, Starbucks & Jimmy John’s
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• Starbucks • Qdoba • Pier 1 Imports • Soma • Chico’s • Denny’s • Ann Taylor • Bruster’s • Ruby Tuesday’s • Gino’s • Pet Value • Shoe Carnival • Hair Cuttery • The Fresh Market • Firestone • Family Dollar • Verizon Wireless • Royal Farms • Patient First • Aaron’s Rent to Own • Mattress Warehouse • Meadows Frozen Custard • White House | Black Market
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Main Street Shopping Center Mount Joy, PA
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1,383 SF • 20,308 SF High traffic location
1,542 SF • 7,570 SF Join: Giant & Dollar Tree
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visiOn Our high-quality core portfolio of 76 primarily supermarket-anchored shopping centers straddles the Washington, DC to Boston corridor, and totals 11.5 million square feet. At Cedar Realty Trust, we continue to focus on creating long-term value for our shareholders and long-term relationships with our tenants.
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