Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XXXVIII
October 7, 2011
Home-Related Chains Expand Nationwide Airbase Carpet & Tile Mart operates 11 locations throughout DE and PA. The stores, offering floor coverings and related products, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Exton and Springfield, PA during the coming 18 months. Major competitors include Home Depot and Lowe’s Home Improvement. A land area of three acres is required. For more information, contact Michael Longwill or Jeff Carter, Airbase Carpet & Tile Mart, 230 North Dupont Highway, New Castle, DE 19720; 302-328-1597 Ext. 222 or 973-769-0742, Fax 302-322-9151; Email: mlongwill@carpetmart; Web site: www.carpetmart.com. Busy Beaver Building Centers trades as Busy Beaver at 15 locations throughout OH, PA and WV. The home improvement stores occupy spaces of 24,000 sq.ft. to 30,000 sq.ft. in freestanding locations and endcaps of strip centers. Growth opportunities are sought within a two hour drive-time of Pittsburgh, PA during the coming 18 months. Typical leases run five years with options. A land area of 3.5 acres is required for freestanding locations. For more information, contact Nick Demao, Busy Beaver Building Centers, 3130 William Pitt Way, Building A6; Pittsburgh, PA 15238; 412-828-2323 Ext. 314, Fax 412-828-2430; Email: ndemao@busybeaver.com; Web site: www.busybeaver.com.
Mattress Giant operates 322 locations throughout DE, FL, GA, IL, MA, MD, ME, MN, MO, NH, NJ, PA, RI and TX. The stores, offering mattresses, bedding, pillows, frames, furniture and related accessories, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in endcaps of regional power and strip centers. Growth opportunities are sought throughout FL during the coming 18 months, with representation by Katz & Associates Corp. For more information, contact David Emihovich, Katz & Associates Corp., 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-361-7232, Fax 561-361-7276; Email: demihovich@dkatz.com; Web site: www.katzassociates.com. Bed Bath & Beyond, Inc. trades as Bed Bath & Beyond at more than 980 locations nationwide. The stores, offering housewares, home décor and seasonal items, occupy spaces of 20,000 sq.ft. to 75,000 sq.ft. in freestanding locations and mixed-use, outlet, power, specialty, strip and tourist centers, as well as downtown areas. Plans call for 60 openings throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are preferred. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average household income. For more information, contact Seth Geldzahler, Bed Bath & Beyond, Inc., 650 Liberty Avenue, Union, NJ 07083; 908(continued on page eleven)
This issue contains information on:
* Retailers operating 36,345 locations with plans to open 2,872 sites * Real estate valued in excess of $125.5 million to be bought, sold & financed * Leasing activity on over 5.1 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Chicago Deal Making New Construction Zaremba Group, LLC is developing a 900,000 sq.ft. mixed-use project in New Lenox, IL............................... Pg. 3 Observations & Conversations Pg. 4 Profile Cole Real Estate Investments
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Buyers and Sellers Westwood Financial Corp. acquired a 136,219 sq.ft. center in Northbrook, IL........ Pg. 7 Openings Dunkin’ Brands, Inc. to open as many as 250 Dunkin’ Donuts nationwide during 2012......... Pg. 10 Food Retailers Expand Between Rounds Bakery Sandwich Café seeking sites nationwide............................ Pg. 13 Sources of Financing Holliday Fenoglio Fowler, LP arranges $132 million in financing for a center in Kingston, NY......................... Pg. 13 Lease Signings Mid-America Asset Management, Inc. negotiated a lease with Saks, Inc. in Northbrook, IL..................... Pg. 14 Lead Sheet Dave & Buster’s, Inc. to open locations in major metro areas nationwide............................ Pg. 15 Lady Jane’s Haircuts for Men looks for sites in Metro Chicago................................. Pg. 16 Space Place........................... Pg. 21 In the News Whitehouse REIT hires director of leasing for the Southwest.............................. Pg. 21 Exclusives Matanky Realty Group named exclusive leasing agent for a 307,000 sq.ft. center in Mattoon, IL............................ Pg. 22
For more news go to: www.dealmakers.net Mobile Access Code: chicagodmk11