Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXXVII
October 2, 2009
Home-Related Chains Expand Nationwide The Container Store operates 47 locations throughout AR, AZ, CA, CO, FL, GA, IL, MA, MD, MN, MO, NJ, NY, OH, OR, PA, TX, VA, WA and Washington, DC. The stores, offering storage and organizational items, occupy spaces of 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout MA, NH and RI during the coming 18 months, with representation by Corporate Realty Advisors. The company prefers to locate in high-end retail trade areas near regional malls and lifestyle centers. For more information, contact Susan DiGiovanni, Corporate Realty Advisors, 92 High Street, Suite 1, Medford, MA 02155; 781-396-5400, Fax 781-396-0888; Email: sd@cra-boston.com; Web site: www.containerstore.com. Le Creuset of America, Inc. trades as Le Creuset Store and Le Creuset Outlet Store at 48 locations nationwide throughout 25 states. The shops, offering cookware items, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in freestanding locations, urban/downtown areas and lifestyle, outlet and specialty centers. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Cathryn Miller, Le Creuset of America, Inc., 114 Bob Gifford Boulevard, Early Branch, SC 29916; 803-943-4308, Fax 803-943-4657; Email: cmiller@lecreuset.com.
Fuller & Son Hardware trades as Fuller & Son Hardware & Lumber at five locations throughout AR. The hardware stores, with lumber yards and one location featuring small engine repair, occupy spaces of 10,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Bobby Fuller, Fuller & Son Hardware, 7311 Baseline Road, Little Rock, AR 72209; 501-604-7575, Fax 501562-4794; Web site: www.fullerandson.com. Lemoyne Sleeper Co., Inc. trades as Lemoyne Sleeper at 12 locations throughout PA. The stores, offering mattresses and bedroom furniture, occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding locations, malls and power, specialty and strip centers. Growth opportunities are sought throughout northern MD and between Philadelphia and Pittsburgh, PA during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. Preferred demographics include a population of 65,000 within five miles earning $27,000 as the average household income. Preferred cotenants include Walmart, Kmart and Target. For more information, contact Andy Pearlman, Lemoyne Sleeper Co., Inc., 57 South Third Street, PO Box 227, Lemoyne, PA 17043; 717-763-1630, Fax 717-763-1634; Email: info@lemoynesleeper.com; Web site: www.lemoynesleeper.com. (continued on page fifteen)
This issue contains information on:
* Retailers operating 12,239 locations with plans to open 1,228 sites * Real estate valued in excess of $26.246 million to be bought, sold & financed * Leasing activity on over 5.357 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Virginia and Northern CA Idea Exchanges Buyers and Sellers Daum Commercial Real Estate is selling several properties in Ontario, CA........................... Pg. 3 Profile|Wheeler Interests...... Pg. 4 New Construction Katsias is preleasing additional phases of a mixed-use center in Williamsburg, VA.............. Pg. 5 Openings The Gymboree Corp. looks to grow its Crazy 8 brand.......... Pg. 6 Rugged Wearhouse will open a store in Richmond, VA........ Pg. 9 Food Retailers Expand Chocolate Bar looks for sites throughout CA, FL, NJ and PA Pg. 7 Fractured Prune plans to expand throughout the eastern U.S....... Pg. 8 Lease Signings H&R Retail negotiated a lease with Fitness Together for space in Gainesville, VA........ Pg. 10 Lead Sheet Boonfare Market looks for sites throughout northern CA Pg. 11 Aldi plans to open stores in NC, SC and southern VA....... Pg. 14 In the News FirstService Real Esate Advisors named Mike Kent as president of its U.S. property management division............ Pg. 15 Exclusives The Rotella Group represents Butters Development and Kimco Realty in the leasing of a number of properties throughout FL........................ Pg. 16 Space Place........................... Pg. 17
For more news go to: www.dealmakers.net
Buyers and Sellers Pegasus Investments is selling a 2,386 sq.ft. former Burger King with drive-thru situated on 0.667 acres along South 7th Street in St. Louis, MO. The asking price is $375,000. The company is also selling a 6,382 sq.ft. former Bennigan’s Restaurant situated on 2.04 acres along Dressler Road Northwest in Canton, OH. The asking price is $2 million. The company is also selling a 772 sq.ft. former Rally’s Hamburgers with double drive-thru situated on a land area of 34,804 sq.ft. along Brandt Pike in Huber Heights, OH. The company is also selling a 6,892 sq.ft. former Bennigan’s situated on 1.52
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
The Dealmakers TM (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 Dealmakers TM 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 086900630 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2009 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
acres along Willow Road in Glenview, IL. Area retail includes Target Greatland, Kohl’s, Michaels, OfficeMax, Famous Footwear, Sweet Tomatoes, Chipotle, Steak N Shake, IHOP and Pier 1 Imports. The asking price is $2.5 million. The company is also selling a 6,780 sq.ft. former Steak & Ale Restaurant situated on 1.9 acres along West Broad Street in Richmond, VA. Area retail includes Navy Federal Credit Union and Bob Evans. The asking price is $1.59 million. The company is also selling a 6,500 sq.ft. former Johnny Carino’s situated on 1.59 acres along San Mateo Boulevard Northwest in Albuquerque, NM. Area retail includes Defined Fitness and Chili’s. The asking price is $1.85 million. The company is also selling a 6,964 sq.ft. former Bennigan’s situated on 1.58 acres along West Interstate 40 Service Road in Oklahoma City, OK. The asking price is $1.49 million. The company is also selling a 3,928 sq.ft. Casa Ole Restaurant situated on 1.21 acres along North Main Street in Vidor, TX. The tenant is bound to a NNN lease with 14.5 years remaining on the original lease term featuring annual rent escalations of 1.5%. The NOI is $122,075. The asking price is $1.684 million with a Cap rate of 8%. For more information, 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. EXP Realty Advisors is selling a 4,875 sq.ft. McDonald’s situated on 1.02 acres at the intersection of Loop 202 and Dobson Road in Mesa, AZ. The tenant is bound to a NNN lease set to expire during July 2027 featuring five, five-year options and 12.5% rent escalations every five years. The asking price is $1.692 million with a Cap rate of 6.5%. The company is also selling a 3,200 sq.ft. Taco Bell situated on 0.72 acres at the intersection of Loop 202 at Dobson Road in Mesa, AZ. The tenant is bound to a NNN lease set to expire during June 2027 featuring four, five-year options and 10% rent escalations every five years. The asking price is $1.283 million with a Cap rate of 7.75%. The company is also selling a 2,500 sq.ft. Panda Express situated on 0.8 acres at the intersection of Loop 202 and Dobson Road in Mesa, AZ. The tenant is bound to a NNN lease set to expire during July 2027 featuring four, five-year options and10% rent escalations every five years. The asking price is $1.282 million with a Cap rate of 7.8%. The properties are pad sites within Mesa Riverview, a 250-acre mixed-use center featuring Bass Pro Shops, Walmart Supercenter, Home Depot, Cinemark Theatre, Petco, Marshalls, Bed Bath & Beyond, JoAnn Fabrics, Shepler’s, Party www.dealmakers.net
The
City, Logan’s Roadhouse, Cracker Barrel, Chili’s, OfficeMax, 24 Hour Fitness, The Sports Authority and Catherines. Area demographics include a population of 325,000 within a fivemile radius earning an average household income of $56,000. The average daily traffic count is 150,217 vehicles. For more information, contact EXP Realty Advisors, 118 East 28th Street, Suite 808, New York, NY 10016; 212-972-7457, Fax 212-686-0078; Email: exp@exp1031.com; Web site: www.exp1031.com. Rohde Ottmers Siegel is selling the following properties throughout San Antonio, TX: a 135-acre parcel located at the intersection of Loop 1604 and West Military Drive; parcels of 2.5 acres and 4.6 acres at the intersection of Loop 1604 and New Gilbeau Road; parcels of 1.6 acres, 1.8 acres and two acres at the intersection of Loop 1604 and Potranco Road; a 38,000 sq.ft. pad site and a 24-acre parcel located at the intersection of Potranco Road and Richland Hills Drive; a 24-acre parcel located at the intersection of West Commerce Street and Callaghan Road; a divisible 125acre parcel located at the intersection of Loop 410 South and Highway 281, and an 18-acre parcel located at the intersection of Walzem Road and Gibbs Sprawl Road. For more information, contact A.W. Rohde, Rohde Ottmers Siegel, 85 Northeast Loop 410, Suite 100, San Antonio, TX 78216; 210-844-0017, Fax 210-366-0246; Email: tomrohde@rohderealty.com; Web site: www.rohderealty.com. Daum Commercial Real Estate Services is selling Airport Gateway Center, a 12,000 sq.ft. mixed-use project situated on 1.14 acres at the intersection of Inland Empire Boulevard and Archibald Avenue in Ontario, CA. The average daily traffic count is 47,000 vehicles. The asking price is $1.5 million. The company is also selling a 0.77-acre pad site located at the intersection of Inland Empire Boulevard and Archibald Avenue in Ontario, CA. The property is approved for a fast food restaurant with drive-thru. The asking price is $1.5 million. The company is also selling a 0.82-acre parcel located at the intersection of Inland Empire Boulevard and Archibald Avenue in Ontario, CA. The parcel is approved for a sit-down restaurant. The asking price is $1.3 million. For more information, contact Craig Mitchell, Daum Commercial Real Estate Services, 4120 East Concourse, Suite 400, Ontario, CA 91764; 909652-9041; Fax 909-652-9061; Email: craig.mitchell@daumcommercial.com; Web site: www.daumcommercial.com.
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Profile — A monthly column featuring retail real estate companies Wheeler Interests — A Virginia Beach company with an eye to expand by Nicholas Hamner Virginia is in a prolonged state of growth and home to Loudon, the nation’s fastest-growing county and leader in median household income. It is here, a commonwealth with both past and present significance, that Wheeler Interests has quickly established roots and positioned itself to prosper throughout the state and the eastern U.S. Jon S. Wheeler founded the company in 1999 and serves as its president and chief executive officer. Victoria Paul joined the team during 2002 and serves as its vice president, asset management, overseeing the company’s property management, lease administration, legal and property accounting departments. George Fox joined the company during 2004 and serves as its director of leasing, overseeing the in-house leasing department while managing its relationships with national and regional retailers. Kris Knepper joined the company last year and works in acquisitions and development. Today, Wheeler Interests is a full-service real estate company focusing on development and acquisitions and dispositions with a portfolio of 40 properties spanning the southeastern U.S.
Jon S. Wheeler
Victoria Paul
The company is an acquisitions specialist. Wheeler attributes the company’s success to its management of relationships. “We know how to source deals, and we have great relationships with investment brokers in our markets,” he says. “This helps us achieve a great closing rate with brokers, which leads to a higher level of confidence for anyone entering a deal with us.” Wheeler Interests has found success with groceryanchored centers, and continues to focus its attention towards them. Wheeler says, “We like to acquire approximately five centers a year, and while we buy within our existing markets, we are also looking west into Arkansas, Kansas and Missouri and north into Connecticut, Pennsylvania and Vermont. Our perfect acquisition is a groceryanchored center with a GLA ranging from 50,000 sq.ft. to 300,000 sq.ft., a high market share and upward trending sales, with shop spaces occupying about 30% to 40% of the total GLA and a little bit of vacancy.” He says, while the company will consider centers with value-added potential, it does not do much of it. “We buy a little bit of value-add, but 70% occupied is about as low as we go.” Once the company has acquired a center, it works to improve its value by filling any vacancies and improving the overall tenant mix. Fox says, “We
are very good in creating value on the short and long term. Tenanting a vacant space is facilitated by the relationships we maintain with retailers, both regional and national.” These tenants include Stein Mart and T.J. Maxx along with a stable of grocery stores, including Food Lion, Farm Fresh, Ukrops, Ingles, Save-A-Lot and Winn-Dixie. He says the company works to maintain and improve on relations with retailers; a process made easier with the hiring of a tenant relations coordinator. He says, “We created a position within our office whose sole duty is to serve as a liaison between tenants and our property management team. We have found a lot of value in the position and our tenants appreciate it. It gives us the opportunity to have a person that focuses on the ‘feel good’ side of the business in such areas as improving their business with enhanced storefront displays and other ways of increasing traffic to the overall center.” An example of the company’s acquisition, leasing and disposition skills working together to produce maximum value is Fairfield Shopping Center, a 225,000 sq.ft. project located in Virginia Beach, VA. The company acquired the infill center during December 2004 for $22.5 million. Wheeler says, “At the time we acquired it, the center had no competition risk and low market threat and the rents were extremely below value.” Over three years, the company raised the rents from the $12 psf to $13 psf range to the $22 psf to $23 psf range, losing only one tenant in the process. The company re-financed the property during October 2007 at a value equal to $38 million; a difference of $15.5 million. In the acquisition and disposition realm as well as the leasing realm, Wheeler Interests makes strategic use of auxiliary resources available to the markets. ARGUS, computer software designed to provide financial outlooks and predictions, provides the company with five- and 10-year outlook predictions for a property and greatly facilitates the analysis given to every potential acquisition. Fox notes that the company’s property management division makes heavy use of the MRI Commercial software suite to weigh the finances of every center. In addition to electronic tools, the company utilizes print sources for lead generation. Wheeler says, “We had a 40,000 sq.ft. junior anchor box at Fairfield Shopping Center that we placed a Jerry’s Artarama in, using information we found in the Leadsheet section of The Dealmakers.” Additionally, the company focuses on the fundamentals. He says, “We create value by maintaining relationships with our vendors, being very careful in contract negotiations, budgeting and expense management, and ensuring that leases are administered correctly to tenants.” Current projects for the company include the refreshing of Port Crossing Shopping Center, a 56,960 sq.ft. strip center located in Harrisonburg, VA. The company acquired the Food Lion-anchored center during February and is working on bringing the 94%-occupied property to full occupancy and constructing an 8,400 sq.ft. expansion. Additionally, the company is working on a few small
developments, though no projects are immediately pending. Wheeler says, “Development is severely strained in today’s lending environment. Lenders are lending on cost, not value, and development financing is not available unless the project is at least 70% committed.” He notes that, once a project is 70% committed, it goes vertical and construction begins. He says, “Most of our focus is on maximizing the value of our existing properties. Instead of developing new properties, which is limited today due to the debt restraints, we are looking at a lot of ‘phase twos’ and additions to existing centers.”
George Fox
Kris Knepper
Wheeler Capital is a division of Wheeler Interests that provides small mezzanine loans for established retailers looking to expand throughout the Mid-Atlantic region, with a special emphasis on Maryland, North Carolina, the Hampton Roads and Richmond markets in Virginia, and Washington, DC. The company typically provides mezzanine loans ranging from $100,000 to $1 million with attached warrants, but can and has arranged larger financing packages. Additional divisions and services provided by Wheeler Interests include Site Applications, a full-service construction and maintenance company, and Creative Retail Works, a tenant evaluation and advisory service available to Wheeler Interest tenants. Going forward, the people at Wheeler Interests know that transactions are not going to be easy. Wheeler says, “What is important today is that, regardless of whether you’re dealing with banks or with tenants, you need to understand that they are all partners. It is important to have a sponsor that understands the ebb and flow of these trials and tribulations; someone who hasn’t survived one downfall but several.” He notes that, while it will take 12 to 18 months to fill a dark anchor, it is important to team up with people that have the expertise to know what to do when the opportunity comes. With an established presence in Virginia and the Mid-Atlantic as an owner of prominent groceryanchored centers, Wheeler Interests looks to grow its portfolio and its national reach while continuing to maximize the value of each center it acquires and every transaction it performs. For more information, contact Jon Wheeler, Wheeler Interests, 2529 Virginia Beach Boulevard, Suite 200, Virginia Beach, VA 23452; 866-2034864; Web site: www.wheelerint.com. DM
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 4
October 2, 2009
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New Construction Strategic Development Advisors is developing The Fair at 52nd, a 575,410 sq.ft. center situated on 72.41 acres at the intersection of 52nd Avenue and Van Buren Street in Coachella, CA. Anchor, junior anchor and shop spaces are available along with outlots and pad sites. Area demographics include a population of 136,814 within a fivemile radius earning an average household income of $61,953. The center is slated to open during 2012. The company is also developing The Venue at Perris, a 638,000 sq.ft. regional shopping center project located at the intersection of Interstate 215 and Highway 74/Redlands Avenue in Perris, CA. Anchor and shop spaces are available along with pad sites. Target anchors the project. Area demographics include a population of 317,292 within a 10-mile radius earning an average household income of $67,620. The average daily traffic count is 99,438 vehicles. The center is slated to open during 2012. The company is also developing The Festival at San Jacinto, an 807,158 sq.ft. community shopping center project situated on 84.5 acres at the intersection of Sanderson Avenue and Ramona Expressway in San Jacinto, CA. Target anchors the project. Anchor, junior anchor and shop spaces are available along with pad sites and outlots. Area demographics include a population of 226,513 within a 10-mile radius earning an average household income of $52,985. The average daily traffic count is 55,196 vehicles. The center is slated to open during 2012. The company is also developing Adelanto Towne Center, a 301,000 sq.ft. regional shopping center situated on 35.31 acres at the intersection of U.S. Highway 395 and Mojave Drive in Adelanto, CA. Target anchors the center and anchor and shop spaces are available along with pad sites. Area demographics include a population of 171,324 within a sevenmile radius earning an average household income of $57,418. The average daily traffic count is 22,073 vehicles. The center is slated to open during 2011. For more information, contact Ielen Sarkisian, Strategic Development Advisors, 20 North Raymond Avenue, Pasadena, CA 91103; 626-243-5290, Fax 626-8447799; Email: ielen.sarkisian@sdacre.com; Web site: www.sdacre.com. For additional information regarding The Festival at San Jacinto, contact Hamo Rostamian; 626-2435288; Email: hamo.rostamian@sdacre.com. For additional information, contact Peter Moersch, CB Richard Ellis, 2125 East Katella Avenue, Suite 100, Anaheim, CA 92805; 714-939-2201, Fax 714-939-2270; Email: peter.moersch@cbre.com; Web site: www.cbre.com.
The Katsias Co. is preleasing additional phases of High Street, a mixed-use center featuring residential, multifamily, hospitality and retail components located in Williamsburg, VA. Spaces are available. Cotenants include Subway, Five Guys Famous Burgers and Fries and Movie Tavern. Area draws include William & Mary. Trade-area demographics include a population of 150,000 earning a median household income of $65,000. For more information, contact The Katsias Co., 512 South Lynnhaven Road, Suite 101, Virginia Beach, VA 23452; 757-490-3585, Fax 757-490-3676; Email: info@katsias.com; Web site: www.katsias.com.
Atlantic Retail Properties is redeveloping a former Miami Subs site located along North University Drive in Coral Springs, FL into a 7,350 sq.ft. strip center. A 5,500 sq.ft. space is available. Area retail includes Chickfil-A, Chipotle, Bonefish Grill, The Vitamin Shoppe, Publix, Whole Foods Market and Best Buy. For more information, contact Brent Andrews or Ross Waters, Atlantic Retail Properties, 1001 North U.S. Highway 1, Suite 600, Jupiter, FL 33477; 561-427-6699; Emails: bandrews@atlanticretail.com and rwaters@atlanticretail.com. (continued on page nine)
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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page 5
Who’s Opening and Where Target Corp. (612-304-6073) will open a 192,000 sq.ft. SuperTarget at The Grove, located at the intersection of Interstate 459 and AL Highway 150 in Hoover, AL, later this month. The company’s typical SuperTarget footprint is 175,000 sq.ft. and the Hoover store will be the company’s largest to date. For 2009, the company will open 75 stores, which coupled with the company’s closings and relocations, provides a net gain of 60 stores. During 2010, the company will open 12 stores while closing or relocating two or three. Tiffany & Co. (212-755-8000) will open a store at City Center Complex, located in Las Vegas, NV, during the fourth quarter. The company recently opened a 5,800 sq.ft. jewelry store at Roseville Galleria, located in Sacramento, CA. Sterling Collision Center, Inc. (508-6539115) plans to open Sterling Autobody Center locations throughout its existing markets, including CO, FL, GA and IL. The insurer-owned automotive body repair facilities, owned by Allstate Insurance Co., operate 61 facilities throughout 16 states nationwide.
Save-A-Lot Food Stores, Inc. (314-592-9100) will open a Save-A-Lot grocery store in a strip center project situated on five acres along Route 2 in Warwood, WV during February 2010. Also slated to open at the center are Dollar General and McDonald’s. The company also plans to open a 17,000 sq.ft. grocery store at the intersection of Whitehall Road and Colby Road in Whitehall Township, MI. Construction is slated to begin this month and opening is slated for April 2010. Saks, Inc. (212-940-5305) will open Saks Fifth Avenue OFF 5th locations nationwide during 2010. The company typically opens between three and five OFF 5th stores annually, but will likely exceed that number during 2010, opening the discount apparel stores in outlet and strip centers. Jos. A. Bank Clothiers, Inc. (410-239-2700) plans to open between 30 and 40 Jos. A. Bank stores during fiscal 2010, which begins for the company on February 1, 2010, as part of a plan to eventually operate 600 apparel stores nationwide. The company only plans to open between 10 and 15 stores during fiscal 2009, and currently operates 467 locations nationwide.
The Gymboree Corp. (415-278-7000) will open 26 units, including seven Gymboree stores, four Gymboree Outlet stores and 15 Crazy 8 stores, during the third quarter of its 2009 fiscal year as part of a plan to open 72 units this year. The company looks to grow its Crazy 8 brand during the next several years, planning to open a minimum of 50 stores during fiscal 2010. The company currently operates 926 units, including 624 Gymboree stores nationwide and throughout Canada and Puerto Rico, 135 Gymboree Outlet stores, 120 Janie and Jack stores and 47 Crazy 8 stores. The Gap, Inc. (650-952-4400) will open 50 stores and close 100 this year. The company trades as Gap, Old Navy and Banana Republic at 3,145 locations nationwide and internationally. Forever 21, Inc. (213-741-5100) will open a 27,000 sq.ft. Forever 21 location in a former Mark Shale site along Nichols Road in Kansas City, MO. The company currently operates 450 stores, offering men’s and women’s trendy apparel, nationwide under the Forever 21 and XXI Forever trade names. (continued on page nine)
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2009 Nielsen Claritas Update Demographics Now Available! Visit www.claritas.com/dealmakers for details or call (877) 707-2385.
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Food Retailers Expand Nationwide Wow CafĂŠ & Wingery operates 50 locations throughout AL, CA, GA, IL, LA, MD, MN, MO, MS, MT, NC, NJ, NM, NY, PA, TN, TX, VA and VT. The casual family restaurants occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in endcap spaces of lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout northern NJ during the coming 18 months, with representation by The Goldstein Group. The Magic Pot operates three locations throughout Edgewater, NJ. The fondue bistro restaurants occupy spaces of 1,200 sq.ft. to 2,100 sq.ft. in freestanding locations and lifestyle, specialty and strip centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group. For more information, contact Florian Suserman, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700 Ext. 23, Fax 201-703-9678; Email: fsuserman@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com.
are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with 10-year options. For more information, contact Greg Hamer, Sr., B&G Food Enterprises, Inc., 1430 Sandra Street, PO Box 3608, Morgan City, LA 70381-3608; 985-384-3333, Fax 985-384-4951; Web site: www.bgfood.com.
B&G Food Enterprises, Inc. trades as Taco Bell/KFC, KFC and Taco Bell at 51 locations throughout LA, MS and TX. The fast food restaurants occupy spaces of 2,500 sq.ft. in freestanding locations. Growth opportunities
Chocolate Bar, LLC trades as Chocolate Bar at three locations throughout NJ and NY as well as internationally. The shops, offering chocolate, pastries and drinks, occupy spaces of 2,500 sq.ft. in lifestyle centers and urban/
So Green Yogurt operates one location in San Francisco, CA. The company prefers to occupy spaces of 600 sq.ft. to 2,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Winick Realty Group. For more information, contact Benjamin Fox or Zach Fox, Winick Realty Group, 655 3rd Avenue, 8th Floor, New York, NY 10017; 212-792-2605/2639; Emails: bfox@winick.com and zfox@winick.com; Web sites: www.winick.com and www.sogreenyogurt.com.
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downtown areas. Growth opportunities are sought throughout CA, FL, NJ and PA as well as internationally during the coming 18 months. The company prefers to locate in areas with tourist draws. For more information, contact Alison Nelson, Chocolate Bar, LLC, 19 8th Avenue, New York, NY 10014; 212-367-7181, Fax 212-6451950; Email: info@chocolatebarnyc.com; Web site: www.chocolatebarnyc.com. Big Boy International, LLC trades as Bob’s Big Boy at 150 locations throughout CA, FL, HI, IL, MI, NC, ND and OH. The restaurants occupy spaces of 5,200 sq.ft. in urban/ downtown areas, freestanding locations and inline spaces of entertainment centers. Growth opportunities are sought throughout southern CA during the coming 18 months. Preferred demographics include a population of 30,000 within five miles earning $35,000 as the average household income. For more information, contact Steve Facione, Big Boy International, LLC, 4199 Marcy Street, Warren, MI 48091; 586-759-6000, Fax 586-759-0119; Email: sfacione@bigboy.com; Web site: www.bigboy.com.
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Food Retailers Expand Nationwide (continued from page seven)
5 & Diner of North America, LLC trades as 5 & Diner at 15 locations throughout AZ, FL, IA, MA, MO, OK and TX. The ‘50s-style diners occupy spaces of 3,000 sq.ft. in freestanding locations, urban/downtown areas and endcap spaces of entertainment and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Expansion is franchise-driven. For more information, contact Tim Sheehan, 5 & Diner of North America, LLC, 24 Main Street, Maynard, MA 01754; 978-897-0660, Fax 978-897-3719; Email: info@5anddiner.com; Web site: www.5anddiner.com.
Café Enterprises, Inc. trades as Fatz Café at 47 locations throughout GA, NC, SC, TN and VA. The casual restaurants occupy spaces of 4,800 sq.ft. or 5,700 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include Home Depot, Lowe’s Home Improvement and Target. For more information, contact Eric Holman, Café Enterprises, Inc., 4324 Wade Hampton Boulevard, Suite B, Taylors, SC 29687; 864-322-1331, Fax 864-322-1332; Email: eric@fatzcafe.com; Web site: www.fatzcafe.com.
NEW TOWN SHOPS ON MAIN WILLIAMSBURG, VA
NEW TOWN SHOPS ON MAIN is a 253,000 SF retail center located on Monticello Avenue in the heart of a 365-acre mixed-use community featuring 1.7 million SF of specialty retail, office, residential and entertainment venues.
RETAILERS INCLUDE: • • • • • • •
Regal Theatres Barnes & Noble Old Navy Ann Taylor Loft Pac Sun Panera Bread Victoria’s Secret
• • • • • •
PRIME RETAIL SPACE AVAILABLE • Primary trade area over 210,000; average family income $75,000 • Greater Williamsburg is visited by over 7 million tourists and consumers per year • Complimentary area retailers include Talbots, Target, Williams-Sonoma, Belk’s, T.J. Maxx, L.L. Bean, Chico’s and Bed Bath & Beyond
J. Jill Journey’s • Neighboring businesses and attractions Bonefish Grill include Colonial Williamsburg, the Foot Locker College of William & Mary, Ford’s Lane Bryant Colony, Williamsburg Community Kay Jewelers Hospital, Busch Gardens, Anheuser and many more! Busch and Yorktown Naval Station
433 South Main Street, Suite 310, West Hartford, CT 06110 860-561-0121 • 860-521-4323 fax Kelly Voss: kelly@developers-realty.com page 8
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Petros Greek Cuisine & Lounge operates one location in Manhattan Beach, CA. The upscale Greek restaurant prefers to occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding locations and endcap spaces of shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Ira Spilky & Associates. The company prefers to locate in sites with a 1,000 sq.ft. to 1,500 sq.ft. patio, and will consider conversions of existing restaurant spaces. Mel’s Drive-In operates 10 locations throughout CA. The restaurants occupy spaces of 5,500 sq.ft. to 6,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Ira Spilky & Associates. The company prefers to locate in sites with a patio. Maria’s Italian Kitchen operates nine locations throughout CA. The restaurants occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Ira Spilky & Associates. The company prefers to locate in sites with a patio. The company will consider conversions of existing restaurant spaces. The company is also considering spaces of 1,500 sq.ft. to 1,800 sq.ft. in Orange, South Bay and Ventura counties in CA for a new restaurant concept. For more information, contact Ira Spilky, Ira Spilky & Associates, 2566 Overland Avenue, Los Angeles, CA 90064; 310-5583241; Email: ira@iraspilky.com. Fractured Prune operates 21 locations throughout DE, southern FL, MD, MS, OH, PA and VA. The specialty doughnut shops occupy spaces of 850 sq.ft. to 1,200 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout the eastern U.S. during the coming 18 months. Major competitors include Krispy Kreme and Dunkin’ Donuts. The company is franchising. For more information, contact Sandy Tylor, Fractured Prune, 5700 Coastal Highway, Suite 303, Ocean City, MD 21842; 410-723-7004, Fax 410-723-1172; Email: fracturedprune@verizon.net; Web site: D M www.fracturedprune.com.
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Who’s Opening and Where (continued from page six)
Bojangles Restaurants, Inc. (704-940-8640) plans to open three Bojangle’s Famous Chicken ‘n Biscuits locations throughout AL this year and will open locations in the Birmingham, AL metropolitan area, in addition to FL, GA, NC, SC, TN and VA, during 2010. The company currently operates two restaurants in Dothan, AL and five in Huntsville, AL, along with locations in Northport and Pelham, AL that opened earlier this year. Through franchisees, the company plans to open locations in Cullman and eastern AL. The fast food restaurants occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in freestanding sites near anchored shopping centers. The company currently operates 449 locations nationwide, including 159 corporate locations and 290 operated by franchisees. Discount Drug Mart, Inc. (330-725-2340) will open a Discount Drug Mart in eastern Cleveland, OH during the spring of 2010. The stores occupy spaces of 25,000 sq.ft. and feature a full-service pharmacy along with grocery and home health care departments. The company currently operates 69 units throughout 20 counties in OH.
New Construction
Jo-Ann Stores, Inc. (330-656-2600) will open 20 Jo-Ann Fabrics stores during 2010 and close approximately 30. Gabriel Brothers, Inc. (304-292-6965) plans to open a Rugged Wearhouse location in a former Circuit City site located at the intersection of Gaskins Road and Broad Street in Richmond, VA during the fall. The opening is a relocation of a Rugged Wearhouse store located on Broad Street. The company currently trades as Gabriel Brothers and Rugged Wearhouse at 102 locations throughout 11 states nationwide. Hobby Lobby Stores, Inc. (405-745-1100) will open a 49,838 sq.ft. Hobby Lobby crafts store at Shoppes at South Hills, located along Route 9 in Wappingers Falls, NY, later this month. The company also plans to open a 55,000 sq.ft. store at CentrePoint Marketplace, located along North Eagle Road in Meridian, ID, during the spring of 2010. The company currently operates 432 stores, offering craft, hobby, picture framing, jewelry making, floral and scrapbooking supplies along with fabrics, throughout 34 states nationwide. The Meridian opening is the company’s first in ID. DM
(continued from page five)
Pederson, Inc., in a joint venture with Pivotal Group, is developing West Wing Village Square, a 272,012 sq.ft. neighborhood development situated on 54 acres at the intersection of Lake Pleasant Road and West Wing Parkway in Peoria, AZ. Area retail includes Lowe’s Home Improvement; Lake Pleasant Towne Center, featuring Ross Dress for Less, Kohl’s, Pier 1 Imports, Best Buy, Home Depot, OfficeMax, PetSmart, Famous Footwear, Old Navy, Ulta, Michaels and Party City; Lake Pleasant Pavilion, featuring SuperTarget, Bed Bath & Beyond, Shoe Pavilion, Marshalls, dressbarn, BevMo and Lane Bryant. Trade-area demographics include a population earning an average household income $114,464. For more information, contact Pederson, Inc., 2800 North Central Avenue, 15th Floor, Phoenix, AZ 85004; 602-265-2888, Fax 602265-2889; Email: pedersoninc.com. DM
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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
VPI
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 www.dealmakers.net
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Lease Signings H&R Retail (410-308-0800) negotiated a lease with Fitness Together for 1,200 sq.ft. at Shops at Stonewall, located on Lee Highway in Gainesville, VA. The company represented the landlord, Stonewall Regency, LLC, and Thomas & Co. represented the tenant in the transaction. The company also negotiated leases with Ameri Caribbean Café for 400 sq.ft. and with AT&T Mobility for 1,720 sq.ft. at Iverson Mall, located at the intersection of Branch Avenue and Iverson Street in Hillcrest Heights, MD. The company represented the landlord, Barnett Consulting, in the transactions. The company also negotiated a lease with Chick-fil-A for 4,600 sq.ft. at Westech Village Center, located at the intersection of Route 29 and Industrial Lane in Silver Spring, MD. The company represented the landlord, GB Two, LLC, and KLNB represented the tenant in the transaction. The company also negotiated a lease with GoWireless for 1,406 sq.ft. at Rutherford Crossing, located on Market Street in Winchester, VA. The company represented the tenant and Next Realty represented the landlord, Rutherford, LLC, in the transaction. The company also negotiated leases with Gold Valley for 1,543 sq.ft., with General Nutrition Centers for an 1,806 sq.ft. GNC and with Claire’s for 689 sq.ft. at Security Square Mall, located on Security Square Boulevard in Baltimore, MD. The company represented the landlord, Security Square Associates, in the transactions. The company also negotiated a lease with Mattress Outlet for 3,000 sq.ft. at Shoppers World, located on Crain Highway in Waldorf, MD. The company represented the tenant and Sax Realty represented the landlord, Waldorf Shoppers World, LLC, in the transaction. The company also negotiated a lease with Crystal Cleaners for 1,106 sq.ft. at Brandywine Crossing, located at the intersection of Route 201 and MD Route 5 in Brandywine, MD. The company represented the landlord, Fashion-Brandywine, LLC, and MOK Realty represented the tenant in the transaction. The company also negotiated a lease with GoWireless for 1,961 sq.ft. at York Village, located on York Road in Cockeysville, MD. The company represented the tenant and KLNB represented the landlord, York Investment Co., LLP, in the transaction. NAI Friedland Realty (914-968-8500) brokered the following leases in NY: with Dunkin’ Donuts for 1,100 sq.ft. on North State Road in Briarcliff; with Dickey’s Barbeque for 2,400 sq.ft. on East Fordham Road in Bronx; with IHOP for 5,000 sq.ft. on East 174th Street in Bronx, and with Rockfort Jamaican Restaurant for 800 sq.ft. on East Tremont Avenue in Bronx. page 10
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LaKritz-Weber & Co. (248-353-9494) negotiated a lease with Dollar Tree for a 10,888 sq.ft. former Rite Aid space at Riverbend Plaza, located on East Jefferson Avenue in Detroit, MI. The company represented the landlord, Riverbend Properties, and Lormax-Stern represented the tenant in the transaction. Matanky Realty Group (312-337-1001) signed a 15-year lease with Family Dollar for space at Hazel Crest Center, located on South Kedzie Avenue in Hazel Crest, IL. Colliers Arnold (727-442-7184) negotiated a lease with Ker’s Winghouse for 5,492 sq.ft. at Ocean Walk Shoppes, located on North Atlantic Avenue in Daytona Beach, FL. The company represented the landlord in the transaction. The company also negotiated a lease with Passage to India, LLC for 4,770 sq.ft. at Westwood Retail Center, located on Westwood Boulevard in Orlando, FL. The company represented the landlord, Allied Properties, in the transaction. The company also negotiated a lease with H&R Block Eastern Enterprises, Inc. for a 2,600 sq.ft. H&R Block at Edison Park Shopping Center, located on Winkler Avenue in Ft. Myers, FL. Centro Properties Group (212-869-3000) signed a lease with Dollar Tree for 9,968 sq.ft. at Vallejo Corners, located at the intersection of Admiral Callaghan Way and Turner Parkway in Vallejo, CA. The company also signed a lease with Quiznos for 2,000 sq.ft. at Tops Plaza, located at the intersection of Highway 20/Center Ridge Road and Lear Nagle Road in North Ridgeville, OH. The company also signed a lease with Nail Expo for 1,200 sq.ft. at Grand Crossing, located at the intersection of East Grand River Avenue and Borderline Drive in Brighton, MI. The company also signed a lease with #1 Buffet for 9,900 sq.ft. at Midway Crossing, located at the intersection of West River Road North and Midway Boulevard in Elyria, OH. DM
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Lead Sheet A|X Armani Exchange 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
Apparel The 81-unit chain operates locations nationwide and throughout Canada. The stores, offering casual designer sportswear and accessories, occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. in urban/downtown areas, upscale shopping centers and street fronts. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Metropolis Retail, Inc. Typical leases run 10 years with two, five-year options. A vanilla shell and construction allowance are required. Preferred demographics include a population of 200,000 within five miles earning $70,000 as the average household income. Preferred cotenants include fashion retailers.
Automotive Supply Co. dba Automotive Supply Case Wewerka 123 South Linwood Avenue Appleton, WI 54914 920-734-2651, Fax 920-734-7388 Web site: www.automotivesupplyco.com
Automotive The 12-unit chain operates locations throughout MI and WI. The stores, offering brand-name auto parts, occupy spaces of 4,500 sq.ft. to 8,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Friends Enterprises, LLC dba Friends John O’Niell PO Box 2708 Morgan City, LA 70381 985-384-1610, Fax 985-384-1611
Convenience The three-unit chain operates locations throughout LA. The convenience stores, with gasoline facilities, occupy spaces of 1,600 sq.ft. to 2,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Kapoor Enterprises dba Bonfare Market Jag Kapoor 461 South Milpitas Boulevard, Suite 1 Milpitas, CA 95035 408-933-4422, Fax 408-933-4545
Convenience The 30-unit chain operates locations throughout CA. The convenience stores, with gasoline facilities, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout northern CA during the coming 18 months. Major competitors include 7-Eleven and Quickstop.
Kwik Trip, Inc. dba Kwik Trip Scott Teigen 700 Wolske Bay Road, Suite 280 Menomonie, WI 54751 715-235-6626, Fax 715-235-7808 Email: steigen@kwiktrip.com Web site: www.kwiktrip.com
Convenience The 365-unit chain operates locations throughout IA, MN and WI. The convenience stores, with gasoline facilities, occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of 60,000 sq.ft. is required.
Southwest Georgia Oil Co., Inc. dba Inland Sun Stop Mike Harrell 1711 East Shotwell Street Bainbridge, GA 39819 229-246-1553, Fax 229-243-0390
Convenience The 18-unit chain operates locations throughout AL. The convenience stores occupy spaces of 1,250 sq.ft. to 3,600 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in high traffic corner locations.
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Lead Sheet Beauty Brands Salon Spa Superstore Mitch Truster 4600 Madison Avenue, Suite 400 Kansas City, MO 64112 816-960-5760, Fax 816-531-7122 Email: mitchtruster@beautybrands.com Web site: www.beautybrands.com
Cosmetics The 52-unit chain operates locations throughout AZ, CO, IA, IL, IN, KS, MO, NC, NE, OK and TX. The stores, offering beauty supplies and featuring a full-service salon and spa, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding locations and lifestyle, power and specialty centers. Plans call for three to five openings throughout the existing markets during the coming 18 months. Typical leases run five to 10 years. Specific improvements and tenant improvement allowance are required. Preferred cotenants include women’s fashion retailers. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income.
TOL Franchise Group dba Top of the Line Fragrances Steven Ciaverelli 515 Bath Avenue Long Branch, NJ 07740 732-229-0014, Fax 732-222-1762 Email: info@tolfranchise.com Web site: www.tolfranchise.com
Cosmetics Top of the Line Fragrances operates 11 locations throughout AZ, CA, FL, MD, NC, NJ, PA, TX and VA. The stores, offering cosmetics and fragrances, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in malls and outlet and power centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include fashion retailers. The company is franchising and is very site-selective.
Ollie’s Bargain Outlet Jerry Altland 6295 Allentown Boulevard, Suite A Harrisburg, PA 17112 717-657-2300, Fax 717-651-1376 Email: jerry-altland@olliesbargainoutlet.com Web site: www.olliesbargainoutlet.com
Discount The 77-unit chain operates locations throughout DE, MD, NC, NY, OH, PA, VA and WV. The stores, offering closeout, surplus and salvage merchandise, occupy spaces of 30,000 sq.ft. to 32,000 sq.ft. in strip and value centers. Growth opportunities are sought throughout the existing markets, in addition to NJ, during the coming 18 months. The company prefers to locate in suburban markets using second generation spaces. Typical leases run five years with three, fiveyear options. Specific improvements are required. Preferred cotenants include grocery stores. Preferred demographics include a population of 100,000 within 15 miles earning $40,000 to $45,000 as the average household income. Major competitors include Big Lots.
T-Mobile Brian Nadler c/o National Commercial Brokers 75 Second Avenue, Suite 315 Needham, MA 02494 781-453-0360, Fax 781-453-0390 Email: brian@nationalcommercial.com Web site: www.nationalcommercial.com
Electronics The chain operates locations nationwide. The electronics stores occupy spaces of 1,800 sq.ft. to 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout CT, MA, ME, NH, RI and VT during the coming 18 months, with representation by National Commercial Brokers.
24 Hour Fitness Michael Comras c/o Comras Co. 407 Lincoln Road, Suite 9F Miami Beach, FL 33139 305-532-0433, Fax 305-532-5212
Fitness The 400-unit chain operates locations throughout AZ, CA, CO, FL, HI, KS, MD, MO, NE, NV, NY, OR, TN, TX, UT and WA. The fitness centers occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. in freestanding locations, urban/downtown areas and entertainment, lifestyle, power and specialty centers. Growth opportunities are sought throughout Broward, Dade and Palm Beach counties in FL during the coming 18 months, with representation by Comras Co.
Theisen Supply Co. dba Theisen’s Home Farm Auto Jim Theisen 6201 Chavenelle Road Dubuque, IA 52002-9692 Email: jimt@theisens.com Web site: www.theisens.com
General Merchandise The 17-unit chain operates locations throughout IA. The stores, offering farm supplies and equipment, as well as automotive accessories, apparel, tools, lawn and garden items, tools and sporting goods, occupy spaces of 25,000 sq.ft. to 100,000 sq.ft. in freestanding locations. Plans call for two openings throughout the existing market during the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 10,000 within 10 miles earning $35,000 as the average household income. A land area of five acres is required.
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Lead Sheet Jared – The Galleria of Jewelry John Dennis c/o Corporate Realty Advisors 92 High Street, Suite 1 Medford, MA 02155 781-396-5400, Fax 781-396-0888 Email: jd@cra-boston.com Web site: www.jared.com
Jewelry The 170-unit chain operates locations nationwide. The jewelry shops occupy spaces of 5,900 sq.ft. in freestanding locations. Growth opportunities are sought throughout the New England region during the coming 18 months, with representation by Corporate Realty Advisors. The company prefers to locate in high-end retail trade areas in close proximity to super regional malls.
Party City 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
Party Supplies The 600-unit chain operates locations nationwide and in Puerto Rico. The stores, offering party supplies, costumes and accessories, occupy spaces of 10,000 sq.ft. to 14,000 sq.ft. in regional and temporary locations. Growth opportunities are sought throughout MD during the coming 18 months, with representation by Grubb & Ellis Co.
Goin’ Postal Mark Camara c/o Ape Realty, Inc. 4491 West Whitewater Avenue Weston, FL 33332 Email: mcamara@aperealty.com Web site: www.aperealty.com
Service The 250-unit chain operates locations nationwide. The stores, offering shipping supplies and providing postal shipping, in addition to faxing, copying, mailbox rentals and office supplies, occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in downtown areas and entertainment, outlet, specialty, strip and value centers. Plans call for 65 openings nationwide during the coming 18 months, with representation by APE Realty, Inc.
Weight Watchers International dba Weight Watchers Susan Witze 300 Jericho Quadrangle, Suite 350 Jericho, NY 11753 516-390-1400, Fax 516-390-1389 Web site: www.weightwatchers.com
Service The 840-unit chain operates locations nationwide. The centers, offering weight loss and diet control programs, occupy spaces of 1,100 sq.ft. to 1,500 sq.ft. in pad sites and power and strip centers. Limited expansion is sought throughout the existing market during the coming 18 months.
Group Nine Associates dba J. Stephens Gary Hauss 6700 Fallbrook Avenue, Suite 150 West Hills, CA 91307 818-884-2260, Fax 818-884-7967
Shoes The 15-unit chain operates locations throughout AZ and CA. The shoe stores occupy spaces of 1,400 sq.ft. to 2,200 sq.ft. in malls and lifestyle centers. Growth opportunities are sought throughout AZ, CA and Las Vegas, NV during the coming 18 months. Typical leases run 10 years. Specific improvements are required.
FedEx Office Anthony Campagni c/o Baum Realty 1030 West Chicago Avenue, Suite 200 Chicago, IL 60642 312-275-3105 Email: info@baumrealty.com Web site: www.fedex.com
Specialty The 1,900-unit chain operates locations nationwide and internationally. The centers, offering printing, packaging and shipping services, occupy spaces of 1,650 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps of strip centers. Growth opportunities are sought throughout Chicago, IL during the coming 18 months, with representation by Baum Realty.
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Lead Sheet Nails So Happy and Happy Nails Feet & Tan Simon Garwood c/o Warren & Co. 1649 Atlantic Boulevard, Suite 210 Jacksonville, FL 32207 904-673-8622, Fax 866-251-6874 Email: sgarwood@hq1.com
Specialty The 35-unit chain operates locations throughout FL. The centers, offering nail salon, tanning and spa services, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in malls, power centers and anchored strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Warren & Co. Typical leases run five years with a five-year option. A vanilla shell is required. Preferred cotenants include Publix. Preferred demographics include a population of 50,000 within five miles earning $40,000 as the average household income.
Performance, Inc. dba Performance Bicycle Shop Ken Tunnell 1 Performance Way Chapel Hill, NC 27514 919-933-9113, Fax 919-942-5431 Web site: www.performancebike.com
Sporting Goods The 84-unit chain operates locations throughout AZ, CA, CO, DE, GA, IL, MD, NC, NM, OH, OR, PA, TX, VA and WA. The stores, offering bicycles and related apparel and equipment, occupy spaces of 6,500 sq.ft. to 10,000 sq.ft. in freestanding locations and power and strip centers. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 700,000 within 10 miles earning $75,000 as the average household income. Major competitors include Dick’s Sporting Goods, REI and independent bike retailers.
Aldi, Inc. dba Aldi Todd Bonnett 1985 Old Union Church Salisbury, NC 28146 704-642-0023, Ext. 122 Web site: www.aldi.com
Supermarket Aldi operates at 1,000 locations nationwide throughout 29 states. The supermarkets, offering private-label meat, produce, dairy, frozen foods and bakery items, along with beer and wine in select states, occupy spaces of 15,000 sq.ft. to 16,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC, SC and southern VA during the coming 18 months.
Kroger Co. (Cincinnati/Dayton Division) dba Kroger Monte Chesko 130 Tri-County Parkway Cincinnati, OH 45246-3217 513-782-3463, Fax 513-782-8426 Web site: www.kroger.com
Supermarket Kroger operates at 112 locations throughout IN, KY and OH. The supermarkets, featuring pharmacies, occupy spaces of 57,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Family Video Movie Club, Inc. dba Family Video Charles Hoogland 1022 East Adams Street Springfield, IL 62703 217-544-2001, Fax 217-544-8416 Web site: www.familyvideo.com
Video The 550-unit chain operates locations throughout IA, IL, IN, KS, KY, MI, MN, MO, NC, NE, NY, OH, OK, PA, SC, TN, TX and WI. The stores, offering sales and rentals of videos and video games, occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of one acre is required. The company prefers to acquire sites.
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 14
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Real Estate Professionals Making the News
Home-Related Chains Expand Nationwide (continued from page one)
The Home Depot of Canada trades as Home Depot at 177 locations throughout Canada. The home improvement stores occupy spaces of 60,000 sq.ft. to 100,000 sq.ft. in freestanding locations and power centers. Limited expansion is sought throughout the existing market during the coming 18 months. For more information, contact Robert Frodyma, The Home Depot of Canada, 1 Concorde Gate, Suite 900, Toronto, Ontario, Canada M3C 4H9; 416-412-4239, Fax 416412-4146. Ace Hardware Corp. trades as Ace Hardware at 4,600locationsnationwide.Thehardwarestores, offering lawn and garden items, paint, tools, home goods, hardware and plumbing, heating and cooling, electrical items and automotive supplies, occupy spaces of 8,500 sq.ft. to 12,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Atlanta, GA; Louisville, KY; Charlotte, NC and Memphis, TN during the coming 18 months. Preferred demographics include a trade-area population of 6,500 earning $45,000 as the average household income. For more information, contact Robert Nease,
NATIONAL WIRELESS BRAND SEEKS
NJ/PA
Ace Hardware Corp., 5224 Three Notch Road, Ringgold, GA 30736; 423-314-6042; Email: rnease@acehardware.com; Web site: www.acehardware.com. Mattress Giant Corp. trades as Mattress Giant at 367 locations throughout DE, FL, GA, IL, MA, MD, ME, MN, MO, NH, NJ, PA, RI and TX. The stores, offering mattresses and box springs, bed frames and pillows, occupy spaces of 4,000 sq.ft. in lifestyle, power and specialty centers. Growth opportunities are sought throughout Jacksonville Orlando, Tampa Bay to Naples and St. Lucie to Dade County in FL; the Atlanta, GA metropolitan area; MN; St. Louis, MO, and Dallas and Houston, TX during the coming 18 months. Typical leases run five years. A turnkey is required, Preferred cotenants include Bed Bath & Beyond, JCPenney, Target, Kohl’s, Lowe’s Home Improvement, T.J. Maxx, Home Depot and Walmart. Preferred demographics include a population of 50,000 within five miles earning between $50,000 and $150,000 as the average household income. Major competitors include Mattress Firm, Sleepy’s and Mattress One. For more information, contact Sam Cantey, Mattress Giant Corp., 14665 Midway Road, Suite 100, Addison, TX 75001; 972-3922202, Fax 972-770-0168. DM
LMS Commercial Real Estate (717-5699373) hired Blake Gross. He specializes in retail leasing and tenant representation. The brokerage company services the DE, MD and PA markets. FirstService Real Estate Advisors (416-9609500) named Mike Kent as president of the company’s U.S. property management division. He will oversee all U.S. commercial real estate management services within the company, with emphasis on targeting institutional property owners and investors who require more specialized and integrated real estate services. Prior to his appointment, Kent served as managing director of leasing and property management operations for the company. The company also recently named Dylan E. Taylor as president of its U.S. operations. DM
WANTED 30 to 50 Acres
RETAIL LOCATIONS 800 – 2,500 S.F. Shopping center or free-standing locations. High traffic, densely populated areas only.
Marcus & Millichap Real Estate Investment Services (858-373-3100) promoted Alvin Mansour from first vice president investments to senior vice president investments in the company’s San Diego, CA office. Mansour will continue to work in retail and singletenant net leased investments and serve as a director of the company’s National Retail and Net Leased Properties groups.
near Retail
Centers in
VA, MD, NC, SC, GA and TN
seeking to acquire land for townhouse/apartment development near new and proposed retail sites. We offer quick closing, all cash, as well as participation in due diligence and any rezoning process.
exclusively represented by
JACK KAHN REALTY SERVICES CORP. Licensed Real Estate Broker 33 Clinton Rd., Suite 203 W. Caldwell, NJ 07006 (973) 808-8757 JKBroker@AOL.COM
Contact:
THE SIMON COMPANIES Ben Simon or Kevin Tucker (757) 340-3669
Fax: (757) 631-9155 \ Email: bsimon@palms.net www.dealmakers.net
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Dealmakers
October 2, 2009
page 15
Exclusives and Leasing Assignments
Buyers and Sellers (continued from page three)
RDS Equity International, Inc. is looking to acquire properties nationwide. Suitable properties include former Circuit City and U.S. Postal Service sites as well as McDonald’s locations, Wendy’s sites and grocery stores. For more information, contact Bob Stuart, RDS Equity International, Inc., 13064 Bender Drive, Moreno Valley, CA 92553; 951-247-2426; Email: bob.stuart@rdsequityinternational.com; Web site: www.rdsequityinternational.com. Marcus & Millichap Real Estate Investment Services negotiated the sale of Bayshore Plaza, a 38,744 sq.ft. center located along Route 24/John J. Williams Highway in Millsboro, DE. At the time of sale, the center was 100% leased with tenants including Sleepy’s, Verizon Wireless, Regis, Dunkin’ Donuts, Wings to Go and Four Seasons Restaurant. Skyliner Enterprises, LLC acquired the property for $8.2 million from Bayshore Plaza IV, LLC. The company represented the buyer and the seller in the transaction. For more information, contact Amy Kalfas, Marcus & Millichap Real Estate Investment Services, 1628 JFK Boulevard, Suite 1200, Philadelphia, PA 19103; 215-531-7065; Web site: www.marcusmillichap.com. DM
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October 2, 2009
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The Rotella Group (954-568-9015) recently took on a leasing assignment from Butters Development for the following shopping centers: University Plaza, located at the intersection of University Drive and Northwest 61st Street in Tamarac, FL, with a 1,349 sq.ft. space available along with a 1,400 sq.ft. endcap and cotenants including Applebee’s, Chase Bank and AutoZone, and Westpoint Retail Plaza, located at the intersection of West Commercial Boulevard and Hiatus Road in Tamarac, FL, with an 1,805 sq.ft. space available along with a divisible space of 3,050 sq.ft. and cotenants including Dunkin’ Donuts, Rotelli Pizza and Subway. The company was also recently appointed by Kimco Realty to lease the following shopping centers: Cypress Creek Station, located at the intersection of Cypress Creek Road and Andrews Avenue in Ft. Lauderdale, FL, with spaces available from 2,500 sq.ft. to 15,000 sq.ft. along with an outlot and cotenants including Regal Cinema, Office Depot, Longhorn Steakhouse and Sweet Tomatoes; Cypress Lakes Towne Center, located at the intersection of State Route 7 and Boulevard of Champions in North Lauderdale, FL, with spaces available from 1,200 sq.ft. to 6,400 sq.ft. and cotenants including Publix and
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Home Depot; Coral Square Promenade, located at the intersection of University Drive and West Atlantic Boulevard, with spaces available of 2,019 sq.ft. and 34,025 sq.ft. and cotenants including Pier 1 Imports and T.G.I. Friday’s; Maplewood Plaza, located at the intersection of North University Drive and Ramblewood Drive in Coral Springs, FL, with a 1,275 sq.ft. space available and cotenants including T.J. Maxx, Anna’s Linens and Party Supermarket; Palm Aire Marketplace, located at the intersection of North Powerline Road and West Atlantic Boulevard in Pompano Beach, FL, with spaces available from 1,500 sq.ft. to 5,600 sq.ft. and cotenants including Winn-Dixie, CVS, Dollar Tree, WaMu, Ruby Tuesday and Blockbuster Video; Babies “R” Us Plaza, located at the intersection of Commercial Boulevard and University Drive in Lauderhill, FL, with spaces available from 1,950 sq.ft. to 9,800 sq.ft. and cotenants including Staples, Babies “R” Us, Party City, Dollar General, CitiTrends and Payless ShoeSource, and Reef Plaza, located at the intersection of State Route 7 and Oakland Park Boulevard, with a 1,320 sq.ft. space available and cotenants including Save-A-Lot, Think Thrift, Family Dollar, Payless ShoeSource D M and KFC/Pizza Hut.
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California
Connecticut
Burbank – Plaza Del Sol, located at the intersection of Sherman Way and Vineland Avenue, has a 1,500 sq.ft. space available. Vallarta Market anchors the center. Cerritos – Cerritos Best Plaza, located at the intersection of Studebaker Road and 183rd Street, has divisible spaces available from 1,365 sq.ft. to 13,085 sq.ft. along with anchor spaces of 34,200 sq.ft. and 42,000 sq.ft. and restaurant spaces of 6,356 sq.ft. and 10,800 sq.ft. Area retail includes Los Cerritos Mall. Cypress – Cypress West Shopping Center, located at the intersection of Bloomfield Street and Ball Road has spaces available of 1,200 sq.ft.; 1,800 sq.ft. and 2,250 sq.ft. Rite Aid and Ralph’s anchor the center. Diamond Bar – Diamond Bar Town Center, located at the intersection of Diamond Bar Boulevard and Grand Avenue, has spaces available of 1,750 sq.ft. and 3,620 sq.ft. Hawthorne – Hawthorne Plaza, located at the intersection of Hawthorne Boulevard and West El Segundo Boulevard, has spaces available of 1,400 sq.ft. and 6,000 sq.ft. Albertsons anchors the center. Huntington Beach – Peninsula Marketplace, a 95,000 sq.ft. center located at the intersection of
Goldenwest Street and Garfield Avenue, has a 1,080 sq.ft. space available. Ralph’s and Longs Drugs anchor the center. Redondo Beach – Redondo Beach Plaza, located at the intersection of Marine Avenue and Inglewood Avenue, has spaces available of 1,314 sq.ft.; 2,051 sq.ft. and 2,100 sq.ft. Vons anchors the center. For details, Deborah Collins, The Collins Co., 21604 Ventura Boulevard, Woodland Hills, CA 91364; 818-225-1480, Fax 818-2251481; Email: deborah@thecollinsco.com; Web site: www.thecollinsco.com.
Canton – Canton Crossing, located at the intersection of Route 44/Albany Turnpike and Lawton Road, has spaces available of 6,000 sq.ft. and 15,000 sq.ft. HomeGoods anchors the center and cotenants include dressbarn. Area retail includes Ethan Allen, Barnes & Noble, Dick’s Sporting Goods and Shops at Farmington Valley, featuring Shaw’s Supermarket and Kohl’s. Area demographics include a population of 75,991 within seven miles earning $105,319 as the median household income. Glastonbury – Griswold Shoppes, a 56,576 sq.ft. center located at the intersection of Main Street and Griswold Street, has spaces available of 1,465 sq.ft.; 2,265 sq.ft. and 3,196 sq.ft. Cotenants include Bertucci’s, Sartorius Sports, Pier 1 Imports, Carvel, Sera Nails, ShishKabob Restaurant, Action Travel, Subway, Gourmet Wok, Center of Plate, Wild Birds Unlimited, Glastonbury Jewelers, HairToday, The UPS Store and Garden of Light Health Food. Area retail includes Walgreens. Area demographics include a trade-area population of 33,007 earning $80,660 as the median household income. Manchester – Shaw’s Plaza, a
Chino – Chino Town Center, a power center located at the intersection of 60 Freeway and Central Avenue, has a 79,000 sq.ft. former Mervyn’s space available. Target, Ross Dress for Less, dd’s Discounts, Jo-Ann Fabric and La Curasao anchor the center. Area demographics include a population of 435,000 within five miles earning $67,000 as the average household income. For details, contact Michael Navarro, Navarro Retail Group, 17461 Derian Avenue, Suite 106, Irvine, CA 92614; 949-270-2407; Email: michaeln@navarroretail.com.
(continued on page eighteen)
NORFOLK, VIRGINIA
PROUDLY SERVING SOUTHEASTERN VIRGINIA FOR 30 YEARS! Sales & Leasing in the Retail, Office & Flex Markets Landlord & Tenant Representation Site Selection & Development Consulation
OVER 15,600 SF OF RETAIL SPACE AVAILABLE
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500+ Space Parking Garage | 225 Luxury Apartment Homes
LOCAL & NATIONAL CLIENTS WE ARE PROUDLY SERVING:
WILLIAMSBURG, VA
PREMIER MIXED-USE URBAN DEVELOPMENT Median Income Over $65,000 | Daytime Population Over 80,000 512 S. Lynnhaven Road Suite 101 Virginia Beach, VA 23452
Phone 757.490.3585 Fax 757.490.3676 www.katsias.com
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FOR RETAIL LEASING INFORMATION, PLEASE CONTACT: John Katsias john@katsias.com The
Dealmakers
Rob Wright rob@katsias.com
October 2, 2009
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75,452 sq.ft. community center located at the intersection of Route 44/Center Street and Broad Street, has a 7,500 sq.ft. space available. Shaw’s Supermarket anchors the center and cotenants include Pizza Hut and Cost Cutters. Area demographics include a population of 422,383 within 10 miles earning $43,850 as the median household income. The average daily traffic count is 40,000 vehicles. Mansfield – East Brook Mall, located at the intersection of Route 195/Storrs Road and North Frontage Road, has spaces available of 3,000 sq.ft.; 3,439 sq.ft. and 10,006 sq.ft. along with a pad site. Kohl’s, JCPenney and T.J. Maxx anchor the center. Cotenants include BankNorth, Famous Footwear, EB Games, Subway, Payless ShoeSource, Papa Gino’s, Olympic Sports, The Shack, Borders, Hallmark, EbLens, Claire’s Accessories, Beltone, GNC, Cutting Crew, Smith Keon Jewelers, A.T. Nails, Asian Bistro and Fairies Gift Shop. Area demographics include a population of 92,069 within 10 miles earning $61,323 as the median household income. For details, contact Northeast Retail
Connecticut
Connecticut
Leasing & Management Co., LLC, 360 Bloomfield Avenue, Suite 303, Windsor, CT 06095; 860-683-9000, Fax 860-683-1600; Web site: www.northeastretail.com.
203-227-8388; Email: dan@chartweb.com; Web site: www.chartweb.com.
Groton – Groton Shopping Center, located at the intersection of Route 12/Long Hill Road and Drozdyk Drive, has spaces available of 3,440 sq.ft. and 9,750 sq.ft. T.J. Maxx anchors the center and cotenants include Groton Specialty Markets, Weight Watchers, Chinese First Wok, Pet Supplies Plus, Goodwill Industries, Monster Mini Golf, A&P Wines & Spirits, Fantastic Sams, SNET the Store, Fresh & Clean Laundromat, EbLens, Aaron’s, State Farm Insurance, AutoZone and Webster Bank. Area retail includes Groton Shopping Plaza, featuring Sherwin-Williams and U.S. Postal Service, and Groton Shoppers Mart, featuring Big Y Supermarket, Subway, Brooks Pharmacy and The Shack. Area demographics include a population of 98,236 within seven miles earning $69,900 as the average household income. For details, contact Dan Zelson, Charter Realty & Development Corp., 183 Main Street, Westport, CT 06880; 203-227-2922, Fax
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 18
October 2, 2009
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Dealmakers
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Manchester – The Plaza at Buckland Hills, a 313,796 sq.ft. center located on Pleasant Valley Road, has a 15,500 sq.ft. former Office Depot available. Cotenants include Jo-Ann Fabrics, Party City, Toys “R” Us, Modell’s, PetSmart and Michaels. Area retail includes L.L. Bean, The Sports Authority, Home Depot, Sam’s Club, Borders, Office Depot, Lowe’s Home Improvement and Shoppes at Evergreen Walk, featuring Pottery Barn, Williams-Sonoma, Coldwater Creek, Talbots, Anthropologie, Banana Republic, Ann Taylor Loft, J. Crew, Gap, White House|Black Market and Gardeners Eden. Area demographics include a population of 220,975 within seven miles earning $58,887 as the median household income. Also, Plaza at Burr Corners, a 301,565 sq.ft. center located at the intersection of Tolland Turnpike and Buckland Street, has spaces available from 1,210 sq.ft. to 54,410 sq.ft. Outlet Marketplace anchors the center and cotenants include K&G, Subway, H&R Block, Cost Cutters, The UPS Store and AT&T Mobility. Area demographics include
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Maine
a population of 224,989 within seven miles earning $56,352 as the median household income. Meriden – Centennial Plaza, located at the intersection of West Main Street and Centennial Avenue, has spaces available from 1,400 sq.ft. to 4,000 sq.ft. along with a 70,000 sq.ft. anchor space. Stop & Shop anchors the center and cotenants include Family Dollar, Rent-A-Center, Advance Auto and CVS. Area demographics include a population of 107,447 within three miles earning $61,037 as the median household income. The average daily traffic count is 27,000 vehicles. Middletown – A center located at the intersection of East Main Street and Saybrook Road has a 1,500 sq.ft. space available. Super Stop & Shop, Marshalls and Bob’s Stores anchor the center. Cotenants include Dollar Tree. Area demographics include a population of 102,036 within seven miles earning $64,266 as the median household income. For details regarding the Manchester property, contact Jim Bagley, Atlantic Retail Properties, 67 Batterymarch Street, Boston, MA 02110; 617-239-3642, Fax 617-2393650; Email: jbagley@atlanticretail.com; Web site: www.atlanticretail.com. For details regarding the Manchester property, contact Andrew Callahan or Ben Starr; 617-2393616/3643; Emails: acallahan@atlanticretail.com and bstarr@atlanticretail.com. For details regarding the Meriden property, contact Trevor McNiven or Brian Roache; 617-2393604/3638; Emails: tmcniven@atlanticretail.com and broache@atlanticretail.com. For details regarding the Middletown property, contact Brian Roache.
five miles. The average daily traffic count is 89,786 vehicles. The asking rent is $10 psf for the 1,280 sq.ft. space; $14 psf for the 3,217 sq.ft. space; $19 psf for the 3,347 sq.ft. space and $9 psf for the 3,995 sq.ft. space. Tampa – Landmark Plaza, a 35,510 sq.ft. center located on North Dale Mabry Highway, has spaces available of 1,000 sq.ft.; 1,250 sq.ft.; 1,460 sq.ft. and 2,710 sq.ft. Cotenants include Chuck E. Cheese’s, Edible Arrangements, Liberty Tax Service, Naffco Flooring and Oak Emporium Custom Furniture. Area demographics include a population of 200,000 within five miles. The average daily traffic count is 89,768 vehicles. The asking rent is $18 psf NNN for the 1,000 sq.ft. space; $16 psf NNN for the 1,250 sq.ft. space; $15 psf NNN for the 1,460 sq.ft. space and $13 psf NNN for the 2,710 sq.ft. space. For details, contact Neil Mirchandani, Property Specialists, Inc.; 727-504-2422, Fax 727-867-5291; Email: neilmirch@earthlink.net.
Street, has spaces available of 2,000 sq.ft.; 3,000 sq.ft.; 4,630 sq.ft. and 8,004 sq.ft. Hannaford and T.J. Maxx anchor the center. Cotenants include Empire Beauty School, Aaron’s, Planet Fitness, Patrick’s Hallmark, U.S. Cellular, Payless ShoeSource, SherwinWilliams, Movie Gallery, Sun Tan City, Bo Bo Chinese Restaurant, Bangor Savings Bank, Pizza Hut, Prompto Quick Oil Change and KFC/Taco Bell. Area retail includes Kohl’s, A.C. Moore, L.L. Bean Outlet, Old Navy, Jo-Ann Fabrics, Home Depot, Best Buy, Petco, Kmart, Walmart Supercenter, Target, Burlington Coat Factory, Shaw’s Supermarket, Bed Bath & Beyond, Toys “R” Us, Sam’s Club, Staples, Borders and Bangor Mall, featuring Dick’s Sporting Goods, Macy’s, JCPenney and Sears. Area demographics include a population of 82,313 within 10 miles earning $41,541 as the median household income. For details, contact Chris Kelly or Andrew Callahan, Atlantic Retail Properties, 67 Batterymarch Street, Boston, MA 02110; 617-239-3630/3616, Fax 617-239-3650; Emails: ckelly@atlanticretail.com and acallahan@atlanticretail.com; Web site: www.atlanticretail.com.
Florida Boca Raton – A mixed-use center located at the intersection of Town Center Circle and Military Trail has space available. Cotenants include Starbucks, Morton’s The Steakhouse, Jos. A. Bank, Panera Bread, Total Wine, McDonald’s, Big City Grill, Uncle Tai’s, Hoffman’s, Bellini, Chico’s and Joseph’s Market. For details, contact Jason T. Stagman, Stagman Commercial Real Estate Advisors, 7280 West Palmetto Park Road, Suite 203-N, Boca Raton, FL 33433; 561-988-5565, Fax 561-391-8150; Email: jts@stagmancom.com; Web site: www.stagmancom.com. Clearwater – Cabaret Center, located on U.S. Highway 19 North, has spaces available of 1,280 sq.ft.; 3,217 sq.ft.; 3,347 sq.ft. and 3,995 sq.ft. Cotenants include Aaron’s and Mattress Giant. Area retail includes Countryside Mall. Area demographics include a population of 250,000 within
Idaho Idaho Falls – The Shops at Utah and Houston, a 5,556 sq.ft. strip center located at the intersection of Broadway and Utah Avenue, has a 725 sq.ft. space available. Walmart Supercenter shadow-anchors the center and cotenants include Jimmy John’s and Great Clips. Area demographics include a population of 51,856 within three miles earning $57,281 as the average household income. The average daily traffic count is 21,725 vehicles. For details, contact Brent Wilson, NAI Commerce One, 1000 Riverwalk Drive, Suite 375, Idaho Falls, ID 83402; 208-525-8088, Fax 208-525-8188; Email: bwilson@nai-idaho.com; Web site: www.nai-idaho.com.
Illinois Evergreen – An 8,300 sq.ft. center located on West 95th Street has a 7,116 sq.ft. space available. Area demographics include a population of 652,017 within five miles earning $51,757 as the average household income. The asking rent is $25 psf NNN. For details, contact Hamde Nassar, Network Real Estate Group, Ltd., 7820 Graphics Drive, Suite 105, Tinley Park, IL 60477; 708-873-5540, Fax 708-873-0157; Email: hnassar@networkregroup.com.
Maine Bangor – Broadway Shopping Center, a 190,305 sq.ft. center located on Broadway www.dealmakers.net
The
Massachusetts Beverly – Appleseed’s Square, located at the intersection of Dodge Street and Conant Street, has a divisible space of 3,400 sq.ft. available. Cotenants include Appleseeds Outlet, Country Curtains and North Shore Bank. Area retail includes Stop & Shop, Dunkin’ Donuts, Starbucks, Bertucci’s, Bank of America, Calico Corners and North Beverly Plaza, featuring Shaw’s Supermarket, Modell’s, GameStop, Panera Bread, Staples, Verizon Wireless, FYE, CVS, dressbarn, Blockbuster Video and The Paper Store. Area draws include Cherry Hill Business Park and Cummings Center. Area demographics include a population of 145,900 within five miles earning $86,538 as the average household income. The average daily traffic count is 28,000 vehicles. Haverhill – A 3,200 sq.ft. freestanding building with a drive-thru located on Main Street is available. Area retail includes Wendy’s, McDonald’s and Friendly’s. Area demographics include a population of 91,808 within five miles earning $81,462 as the average household income. For details, contact Dan Rabazzi, Boylston Realty Advisors, 355 Middlesex Avenue, Suite 7, Wilmington, MA 01887-2163; 978657-4600; Email: drabazzi@boylstonrealty.com;
Dealmakers
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Web site: www.boylstonrealty.com. For additional details regarding the Beverly property, contact Jeff Bruk; Email: jbruk@boylstonrealty.com.
New York Astoria – A 2,250 sq.ft. space located on Steinway Street is available. Area retail includes Express, The Children’s Place, Sketchers, Victoria’s Secret, Gap and Gap Kids. The asking price is $90 psf NNN. Brooklyn – A 1,600 sq.ft. space located on 13th Avenue is available. Area retail includes The Children’s Place and Payless ShoeSource. The asking rent is $65 psf NNN. Lake Grove – Smith Grove Shopping Center has a divisible space of 33,000 sq.ft. available. Area retail includes Smith Haven Mall. The asking rent is $30 psf NNN. Middletown – A center located on Route 211 has spaces available of 4,400 sq.ft. and 6,500 sq.ft. Cotenants include ShopRite, AutoZone and Cheeseburger in Paradise. Area retailers include Walmart Supercenter, Home Depot, Kohl’s and Bed Bath & Beyond. The asking rent is $30 psf NNN. Port Chester – The Waterfront at Port Chester, a 500,000 sq.ft. two-level center, has spaces available of 11,500 sq.ft.; 11,580 sq.ft., 13,100 sq.ft. and 34,000 sq.ft.
New York
New York
Costco, Super Stop & Shop, Loew’s Cineplex and Bed Bath & Beyond anchor the center. Poughkeepsie – Mid Hudson Plaza, located on North Road, has a 61,847 sq.ft. space available. Cotenants include Home Depot, Staples, Starbucks and McDonald’s. Area draws include Marist College. The asking rent is $18 psf NNN. Stony Point – A center located on South Liberty Drive has a 37,857 sq.ft. anchor space available. Cotenants include Rite Aid and HSBC Bank. The asking rent is $17 psf NNN. Tarrytown – A center located at the intersection of Route 9 and White Plains Road has a 21,300 sq.ft. space available. The average daily traffic count is 18,950 vehicles. The asking rent is $26 psf NNN. White Plains – The Source has a 2,500 sq.ft. space available. Cotenants include Fortunoff. Area retail includes Westchester Shopping Mall and Galleria of White Plains. The asking rent ranges from $26 psf NNN to $35 psf NNN. Also, an 8,000 sq.ft. space located on Mamaroneck Avenue is available. The asking rent is $65 psf. Yorktown Heights – A 1,400 sq.ft. space located on Crompond Road is available. The average daily traffic count is 20,000 vehicles. The asking rent is $38 psf NNN. Also, a 7,000 sq.ft. freestanding building located on Crompond Road is available. The asking rent is $38 psf NNN.
For details regarding the Astoria, Brooklyn, White Plains and Yorktown Heights properties, contact Ryan O’Connor or Adam Zeiberg, FirstService Williams Commercial Real Estate, 1055 Washington Boulevard, Stamford, CT 06901; 203961-6565/6597; Web site: www.fswre.com. For details regarding the Fishkill and Rhinebeck properties, contact Dominick Musilli; 203-961-6582. For details regarding the Lake Grove and Port Chester properties, contact Ryan O’Connor, Adam Zeiberg or Nick Leibowitz; 203-961-6592. For details regarding the Middletown and Poughkeepsie properties, contact Dominick Musilli or Kristen Martin; 203-961-6585. For details regarding the Stony Point, Tarrytown and White Plains properties, contact Dominick Musilli or Michael Weiner; 203-961-6573.
out Check EW N r u o rum! o Jobs F
Carle Place – Parkway Plaza, an 89,704 sq.ft. center located at the intersection of Glen Cove Road and Westbury Avenue, has spaces available of 1,320 sq.ft.; 1,410 sq.ft. and 1,500 sq.ft. T.J. Maxx and Minado anchor the center and cotenants include Eastern Mountain Sports, Play It Again Sports, D&L Liquor, Cash 4 Gold, Chen’s Restaurant, Designer’s Touch,
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(continued on page twenty-two)
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October 2, 2009
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MetroVision, Preferred Futon, Utrecht Art Supplies, Manna Bagels, La Moda Salon, Weight Watchers, GameStop, Hale and Hearty Soups and Capital One Bank. Area demographics include a population of 434,666 within five miles earning $103,043 as the average household income. The average daily traffic count is 48,023 vehicles. Yonkers – Highridge Plaza, an 88,501 sq.ft. center located on Central Park Avenue, has spaces available of 975 sq.ft.; 1,160 sq.ft.; 1,875 sq.ft. and 2,025 sq.ft. Pathmark anchors the center and cotenants include Subway, McDonald’s, Atlantic Bank, Liquor Fellers, Trio Stationery, Total Look Hair, The UPS Store, Dollar Dream, Yonkers Nagoya Japanese Restaurant, Highridge Cleaners, Caffe Trento, Key Bank, Bloom Nails, The Lion King, Life Uniform, Lee’s Fishery, Weight Watchers, A&S Pork Store, Highridge Bagel, Electrolux, Clean Rite and Rancho Grande. Area demographics include a population of 513,677 within five miles earning $101,857 as the average household income. Rome – Mohawk Acres, a 159,665 sq.ft. center located at the
New York
New York
intersection of Route 46/Black River Boulevard and East Chestnut Street, has spaces available from 840 sq.ft. to 5,234 sq.ft. Price Chopper anchors the center and cotenants include Olympia Sports, Supercuts, Label Shopper, Payless ShoeSource, Rent-A-Center, H&R Block, 8 Super Buffet, Tanning Bed, Eyesights, M&T Bank, Weight Watchers, Upstate Wireless, Family Dollar, Bank of America, HSBC and Applebee’s. Area retail includes Burger King. Area demographics include a population of 252,601 within 20 miles earning $56,210 as the average household income. Vestal – Town Square Mall, a 279,583 sq.ft. center located at the intersection of Route 434/ Vestal Parkway and Sycamore Street, has spaces available of 10,866 sq.ft. and 24,929 sq.ft. Barnes & Noble, Dick’s Sporting Goods, Loews Cinemas and T.J. Maxx anchor the center. Cotenants include Payless ShoeSource, Fashion Bug, Hallmark, Sally Beauty Supply, H&R Block, A.C. Moore, Old Country Buffet, Dollar Tree, T.G.I. Friday’s, UNO Chicago Grill and Taco Bell. Area retail includes Walmart and Sam’s Club. Area demographics include a population of
170,815 within 10 miles earning $56,780 as the average household income. For details regarding the Carle Place and Yonkers properties, contact Nick Andreadis, Centro Properties Group, 420 Lexington Avenue, Seventh Floor, New York, NY 10170; 646-344-8732; Email: nick.andreadis@centroprop.com; Web site: www.centroprop.com. For details regarding the Rome and Vestal properties, contact David Gerstenhaber; 646-344-8733; Email: david.gerstenhaber@centroprop.com.
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Virginia Norfolk – 201 Twenty One, a mixed-use center featuring multifamily and retail components located along 21st Street , has a 6,440 sq.ft. bank site with drive-thru available along with divisible spaces of 4,278 sq.ft. and 4,898 sq.ft. Area draws include Old Dominion University. For details, contact The Katsias Co., 512 South Lynnhaven Road, Suite 101, Virginia Beach, VA 23452; 757-490-3585, Fax 757490-3676; Email: info@katsias.com; Web D M site: www.katsias.com.
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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
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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 22
October 2, 2009
The
Dealmakers
www.dealmakers.net
Wheeler Interests’ PortfolIo snaPshot
McMinn Shopping Center (TN)
Shoppes at Moyock (NC)
Fairfield Shopping Center (VA)
Pineland Station (SC)
Berkley Shopping Center (VA)
Sangaree Shopping Center (SC)
TJ Maxx Shopping Center (VA)
Monarch Bank (VA)
Our Town Square (NC)
Brook Run Shopping Center (VA)
Clover Plaza (SC)
Goldenrod Shopping Center (FL)
We are actively buying and developing. Preferred assets are retail, warehouse and self-storage in the $3,000,000–$10,000,000 range. Target markets include the Northeast, Mid-Atlantic, Southeast and Southwest regions. Submit all opportunities to Kristopher L. Knepper, Acquisitions & Development (kris@wheelerint.com).
Think Retail. Think Wheeler. 2529 Virginia Beach Boulevard, Suite 200 Virginia Beach, VA 23452 (866) 203-4864 www.wheelerint.com
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 VIRGINIA IDEA EXCHANGE - BOOTH 509