Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XXXVIII
October 9, 2009
Apparel Chains Expand Nationwide K & G Fashion Superstore operates 80 locations nationwide. The stores, offering name brand and private label apparel for men, women, juniors and children, as well accessories, occupy spaces of 25,000 sq.ft. in power centers. Growth opportunities are sought throughout the Long Island and the surrounding boroughs of New York, NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. Syms operates 30 locations throughout CT, FL, GA, IL, MA, MD, MI, NJ, NY, PA, RI, TX and VA. The stores, offering off-price, designer apparel for men, women and children, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the surrounding boroughs of New York, Long Island and Rockland and Westchester counties in NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. Men’s Wearhouse operates 1,294 locations nationwide. The stores, offering men’s apparel and accessories in addition to tuxedo rentals, occupy spaces of 6,000 sq.ft. in freestanding locations, endcaps, inline spaces and pad sites. Growth opportunities are sought throughout the surrounding boroughs of New York and Long Island, NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. For more information, contact Doug Weinstein, Sholom & Zuckerbrot Realty, LLC, Kaufman Astoria Studios, 35-11 35th Avenue, Long Island City, NY 11106; 718-392-5959 Ext. 113, Fax 718-937-6546; Email: dweinstein@s-z.com; Web sites: www.kgsuperstore.com, www.syms.com and www.menswearhouse.com.
Maidenform operates 78 locations nationwide and throughout Puerto Rico. The stores, offering intimate apparel, daywear and sleepwear, occupy spaces of 2,200 sq.ft. in outlet centers. Growth opportunities are sought nationwide, excluding the Midwest, during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. For more information, contact Lynn ManciniWeiner, Maidenform, 485 F Route 1 South, Iselin, NJ 08830; 203-881-9926, Fax 203-8819929; Email: lweiner@maidenform.com; Web site: www.maidenform.com. Destination Maternity Corp. trades as A Pea In A Pod, Motherhood Maternity, Destination Maternity and Motherhood Maternity Outlet at 700 locations nationwide, throughout Canada and internationally. The stores, offering maternity apparel, occupy spaces of 1,200 sq.ft. to 8,000 sq.ft. in freestanding locations, malls and lifestyle, outlet, power, specialty and strip centers, in addition to urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Major competitors include Gap, JCPenney, Old Navy and Target. For more information, contact Edward Tress, Destination Maternity Corp., 456 North 5th Street, Philadelphia, PA 19123; 215-873-2214, Fax 215625-9379; Email: etress@destinationmaternity.com; Web site: www.destinationmaternity.com (continued on page eight)
This issue contains information on:
* Retailers operating 12,317 locations with plans to open 1,182 sites * Real estate valued in excess of $567,82 million to be bought, sold & financed * Leasing activity on over 7.938 million sq.ft. of retail properties
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Featuring ICSC Southeast Conference Buyers & Sellers The Shopping Center Group is selling properties throughout AL, GA, MS and TN............... Pg. 3 Schair & Associates looks to acquire sites throughout AL, FL, GA, NC and SC................ Pg. 14 Profile|Equity One, Inc......... Pg. 4 New Construction Jones Lang LaSalle is preleasing the second phase of a center located in Kendall, FL............................ Pg. 6 Openings Dress Barn, Inc. plans to open Maurice’s locations................ Pg. 10 P.F. Chang’s will open in Corpus Christi, TX................. Pg. 11 Lease Signings CB Richard Ellis negotiated a lease with Woods Laser Tag in Ocoee, FL.......................... Pg. 12 Food Retailers Expand J. Alexander’s looks for sites nationwide............................ Pg. 15 Sources of Financing Consolidated Alliance Group provides financing for projects nationwide............................ Pg. 18 Lead Sheet The Pantry looks to expand throughout the Southeast....... Pg. 19 Street Corner plans to expand nationwide............................ Pg. 22 Space Place........................... Pg. 23 In The News Jimmy Jazz/Man Alive hired Jason D. Richter..................... Pg. 24 Most Valuable Players........... Pg. 34
For more news go to: www.dealmakers.net
CURRENT NEIGHBORHOOD SHOPPING CENTER DEVELOPMENTS Publix at Bison Trail / NWC Big Station Camp Blvd & Bison Trail / Gallatin, Tennessee / 78,588 SF Market at Salem Cove / NEC HWY 99 & St. Andrews Drive / Murfreesboro, Tennessee / 88,656 SF Market at Victory Village / SEC HWY 96 & Rucker Lane / Murfreesboro, Tennessee / 88,500 SF McKay’s Mill Village Center / NWC Liberty Pike & Oxford Glen Drive / Franklin, Tennessee / 68,593 SF Smyrna Crossings / SWC SR 212 & SR 138 / Conyers, Georgia / 82,890 SF Stoneybrook West Village I & II / NE & SE Corner CR 545 & Stoneybrook West Pkwy / Winter Garden, Florida / 106,046 SF In addition, Barclay Group has exciting leasing opportunities in 6 states including Arizona, Colorado, Florida, Georgia, Tennessee and Texas.
Buyers and Sellers Carolina One Real Estate, on behalf of a client, is looking to acquire groceryanchored centers throughout AL, FL, GA, KY, MS, NC, SC and TN. The company also looks to acquire, on behalf of another client, development parcels ranging from 50 acres to 100 acres located throughout AL, FL, GA, KY, MS, NC, SC and TN. Suitable properties are approved for power centers featuring three or four anchors. The client will consider joint venture projects. For more information, contact Michael Elmore, Carolina One Real Estate; 843-5743127; Email: michaelcarolinaone@gmail.com.
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.
Colliers International – Dallas is selling a Family Dollar site located in Sardis, MS. The asking price is $661,000 with a Cap rate of 9.5%. The company is also selling a Family Dollar site located in Hernandez, NM. The asking price is $773,000 with a Cap rate of 9.5%. The company is also selling a Family Dollar site located in San Ysidro, NM. The asking price is $895,000 with a Cap rate of 9.5%. The company is also selling a Family Dollar site located in Vanderwagen, NM. The asking price is $981,000 with a Cap rate of 9.5%. The company is also selling Mockingbird Depot, located in Dallas, TX. The asking price is $10 million with a Cap rate of 8.17%. The company is also selling Macarthur Village, located in Irving, TX. The asking price is $3.2 million with a Cap rate of 9.43%. The company is also selling an Advance Auto site located in Lubbock, TX. The asking price is $1.299 million with a Cap rate of 8.25%. The company is also selling a BBVA Compass site located in Port Arthur, TX. The asking price is $1.15 million with a Cap rate of 6.4%. For more information, contact Gavin M. Kam or Jessica Oram, Colliers International – Dallas, 4311 Oak Lawn Avenue, Suite 400, Dallas, TX 75219; 214-706-6030 or 214-217-1272; Emails: gavin.kam@colliers.com or jessica.oram@colliers.com; Web site: www.colliers.com/dallas. SRS Real Estate Partners is selling a 6,500 sq.ft. center situated on 0.85 acres along Citrus Park Drive in Tampa, FL. Tenants include Verizon Wireless and FedEx Office. Area retail includes The Plaza at Citrus Park, Citrus Park Mall, Dillard’s, JCPenney, Macy’s, Sears, Regal Cinemas, Dick’s Sporting Goods, Pottery Barn, Ethan Allen, The Vitamin Shoppe, Casual Corner and Men’s Wearhouse. Verizon Wireless is bound to a lease set to expire during November 2018 featuring two, five-year options. FedEx Office is bound to a lease set to expire during December 2012 featuring three, five-year options. The asking price is $4.212 million with a Cap rate of 8.25%. The company is also selling a 12.34-acre parcel located at the intersection of Palm Bay Road and Interstate 95 in Palm Bay, FL. Area retail includes SuperTarget, BJ’s Wholesale, Publix, Staples and Big Kmart. Area demographics include a population of 137,927 within a five-mile radius earning an average household income of $53,872. The average daily traffic count is 99,000 vehicles. The asking price is $9.5 million. For more information, contact Jason Kaiser or John Artope, SRS Real Estate Partners, 200 South Orange Avenue, Suite 1300, Orlando, FL 32801; 407-455-5029 or 407902-2621; Emails: jason.kaiser@srsre.com and john.artope@srsre.com; Web site: www.srsre.com. www.dealmakers.net
The
The Shopping Center Group is selling an Xpress Lube situated on 0.6 acres in Decatur, AL. The asking price is $425,000. The company is also selling a 3.5-acre parcel located in Huntsville, AL. The asking price is $1.5 million The company is also selling a 1.7 acre outlot at Heritage Square, located in Huntsville, AL. The asking price is $1.55 million. The company is also selling a 1.05acre outlot at Lawson Ridge, located in Huntsville, AL. The asking price is $1.12 million. The company is also selling a 1.15acre outlot at Old National Town Center, located in Atlanta, GA. The asking price is $750,000. The company is also selling a former Pier 1 Imports situated on 1.16 acres in Morrow, GA. The asking price is $1.25 million. The company is also selling a 1.16acre outlot at Village Shops of Crumpler Place, located in Olive Branch, MS. The company is also selling a 1.17 acre outlot, shadow-anchored by Walmart, located in Martin, TN. The asking price is $325,000. For more information regarding the Decatur property and the 3.5-acre Huntsville property, contact Don Beck, The Shopping Center Group, 200 Clinton Avenue West, Suite 505, Huntsville, AL 35801; 256534-7555, Fax 256-533-3001. For more information regarding the remaining Huntsville properties, contact Allen Hawkins, 2204 Lakeshore Drive, Suite 450, Birmingham, AL 35209; 205-870-5655, Fax 205-870-5559. For more information regarding the Atlanta property, contact Jill McCurry, 300 Galleria Parkway, 12th Floor, Atlanta, GA 30339; 770-955-2434, Fax 770951-0054. For more information regarding the Morrow property, contact Michele Reale. For more information regarding the Olive Branch property, contact John Reed, 773 Brookhaven Circle East, Memphis, TN 38117; 901-869-2720, Fax 901-869-2725. For more information regarding the Martin property, contact Robert Sloan. Michael Salove Co. is selling a 3,000 sq.ft. retail building located along Main Street in the Manayunk area of Philadelphia, PA. The company is also selling an endcap located along Route 611/Old York Road in Elkins Park, PA. For more information regarding the Manayunk property, contact Dan Histon, Michael Salove Co., 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215568-2600 Ext. 24, Fax 215-568-2666; Email: dhiston@salove.com; Web site: www.salove.com. For more information regarding the Elkins Park property, contact Jason Bock; 215-568-2600 Ext. 21; Email: jbock@salove.com.
Dealmakers
(continued on page fourteen) October 9, 2009
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Profile — A monthly column featuring retail real estate companies Equity One, Inc. — Big REIT finds success in working small by Nicholas Hamner This year has been disappointing for nearly everyone, but REITs have taken a serious beating. Many have had severe write downs on their balance sheet, forcing massive internal restructurings and drastic changes to their office and business environments. This was not the case at Equity One, Inc. The fullyintegrated real estate investment trust has survived the downturn relatively unscathed and is on the path to growth. The company is led by Jeff Olson, chief executive officer, and Tom Caputo, president. Robert Mitzel, who serves as the director of operations as well as vice president of leasing for the company’s Southeast regional office in Marietta, GA, describes the Robert Mitzel company’s managerial style as fast and active. He says, “We have a strong balance sheet and an entrepreneurial spirit, which gives us the ability to move quickly when an opportunity presents itself.” The company currently owns or has interest in 181 properties, including 167 shopping centers, with a combined GLA of 19 million sq.ft., several properties under redevelopment and 13 properties held in two joint ventures. The properties are managed through a network of offices throughout the Northeast and Southeast. Despite its size, Mitzel says the company operates with the intimacy of a small company. He says, “Everyone within the company, regardless of their position, is heavily engaged vertically and horizontally with our other departments. Our leasing agents meet every Friday by teleconference with president Caputo to discuss the the status of leases in active negotiations, as well as potential leads for new tenants.” He notes that the company’s philosophy, as engineered by Caputo and Olson, is to react with the speed of a small company. He says, “Everyone in the company, from the board to the leasing agents, understands the importance of making smart decisions on a timely basis.” As an owner, manager and developer of retail properties, Equity One’s focus is to maintain occupancy with the best tenants available in the marketplace. Mitzel notes the challenges the current economy have presented to the company’s goal. The company has increased the size of its leasing team and incentivized the agents to maximize productivity. He notes that the company is being very creative about the type of tenants that are contacted for difficult vacancies. In the past year, Equity One has leased space to large format dollar stores, trade schools and a church. The company continues to spend considerable capital upgrading and maintaining properties in the portfolio
so they are appealing to both tenants and customers. He says, “This allows us to distinguish our properties from our competitor’s centers, as many shopping center owners can no longer afford to maintain their properties due to capital constraints.” The company’s latest leasing accomplishment was achieved at Buckhead Station, a 233,930 sq.ft. mixed-use center located within the upscale neighborhood of Buckhead in Atlanta, GA, which it recently brought to 100% occupancy by signing a lease for 38,000 sq.ft. with Nordstrom Rack. Once open, Nordstrom Rack will join Bed Bath & Beyond, T.J. Maxx, DSW, Toys “R” Us and Old Navy at the center. Mitzel says, “The center was constructed in 1996 and we acquired the property during 2007 at 90% occupancy. Nordstrom Rack will be a great addition to the center and will enhance its already strong tenant mix.” The Buckhead area of Atlanta is one of the wealthiest zip codes in the country and is home to three of Equity One’s centers. In addition to Buckhead Station, the company operates Chastain Square, a 91,637 sq.ft. center located along Roswell Road, and Piedmont Peachtree Crossing, a 152,239 sq.ft. center located along Piedmont Road. Chastain Square is anchored by Publix and tenants include Chick-fil-A, Starbucks and The UPS Store. Piedmont Peachtree Crossing is anchored by the first Fresh Fare supermarket in Georgia, an upscale grocery concept from Kroger featuring a greater selection of organic, natural and gourmet foods. Mitzel says, “The Buckhead market is doing very well today, and we’re doing well in it. Buckhead Station is fully leased while Chastain Square is 96% occupied and Piedmont Peachtree Crossing is 99% occupied.”
Buckhead Station | Atlanta, GA
Equity One’s reach in Georgia extends beyond the Buckhead area. Mitzel says, “We currently operate 33 centers throughout the Atlanta, GA metropolitan area, including 12 Publix properties and 12 Kroger properties, and 39 properties throughout the whole of Georgia.” He notes that, while the Buckhead area is faring well in the current economy, the other areas of Atlanta and the Southeast are not doing as good as they would like. “In these down times,” he says, “we are doing everything we can to maintain and improve our properties, in both
tenant mix and the overall condition of the property. We have our leasing agents cold-calling the majority of the time which is leading to some expanding tenants, and we are working on upgrading all aspects of our centers, from the landscaping to the asphalt, to make them appealing as possible.” The company has not acquired any new properties during the past 18 months. During this period, Equity One continued to strengthen its balance sheet by raising capital in the public markets and repurchasing its unsecured debt at attractive returns. Mitzel says, “We beliee the acquisition markets are becoming more attractive and we are actively working on a number of viable opportunities.” The company has historically acquired retail centers anchored by market-dominant supermarkets in major metropolitan areas of the Southeast, but has expanded its geographic footprint to include retail properties located in major metropolitan markets throughout the East Coast. Additionally, the company selectively considers centers not anchored by supermarkets. Mitzel says, “Our healthy balance sheet allows us to move quickly when an opportunity arises, and we are ready to strike when the right deals become available.” Though not a development firm in the traditional sense, Equity One has undertaken its fair share of projects from the ground up. It completed The Shops at Huntcrest, a 97,040 sq.ft. Publix-anchored center located along Old Peachtree Road in Atlanta, GA, during 2003 and recently completed a redevelopment of Chestnut Square, a Walgreensanchored center located in Bravard, NC. When it is time to lease a center or fill a space, the company prefers to work with prominent regional and national tenants, but Mitzel notes that recent activity includes a number of mom and pop retailers. The company’s vice president of tenant relations, Peter Pelt, continuously conducts portfolio reviews with existing and prospective tenants. Mitzel says this constant contact with tenants has proven very successful. He says, “Peter meets with retailers to determine how they are doing in our existing centers which inevitably leads to a discussion about potential expansion opportunities in other Equity One centers. So far this year, he has conducted more than 50 such reviews throughout the country.” Through aggressive leasing tactics and upgrading their tenant mix, Equity One’s Marietta office is working to upgrade its properties to levels superior to any competition in their markets. As the economy begins to improve, the REIT is primed to grow both vertically and horizontally as opportunities reemerge. For more information, contact Robert Mitzel, Equity One, Inc., 1275 Powers Ferry Road Southeast, Suite 100, Marietta, GA 30067; 770-955-4406, Fax 770988-8773; Email: bmitzel@equityone.net; Web site: D www.equityone.net. M
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 9, 2009
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New Construction Century Retail is redeveloping Century Shoppes of Archer Road, an 8,166 sq.ft. strip center located at the intersection of State Road 24/Archer Road and Southwest 35th Boulevard in Gainesville, FL. Spaces from 1,400 sq.ft. are available. Cotenants include Planet Smoothie and Subway. Area retail includes Kohl’s, KFC, Pizza Hut, Chili’s, Walgreens, Publix, Walmart, Lowe’s Home Improvement and Olive Garden. Area demographics include a population of 160,837 within a 15-minute drive time earning an average household income of $53,360. The average daily traffic count is 50,000 vehicles. The company is also preleasing Century Shoppes of Cobb, a 55,000 sq.ft. center located at the intersection of Powder Springs Road and East-West Connector in Marietta, GA. Area retail includes Bank of America and Walmart Supercenter. Area demographics include a population of 167,624 within a 15-minute drive time earning an average household income of $61,228. The average daily traffic count is 20,690 vehicles. The company is also redeveloping Century Shoppes of Gardendale, a 156,385 sq.ft. center located at the intersection of Odum Road and Fieldstown Road in Gardendale, AL. Spaces
from 1,200 sq.ft. are available. Hobby Lobby anchors the center and Publix is under construction. Area retail includes Walmart. Area demographics include a population of 60,961 within a 15-minute drive time earning an average household income of $41,203. The project is slated to be completed during the first quarter of 2010. For more information, contact Century Retail, 500 South Florida Avenue, Suite 700, Lakeland, FL 33801; 800-7786867, Fax 863-647-3992; Web site: www.centuryretail.com. Metro Commercial Real Estate is preleasing Tilden Ridge Shopping Center, located at the intersection of Route 61 and Route 78 in Tilden Township, PA. Walmart Supercenter and Lowe’s Home Improvement anchor the center and shop spaces are available. Area retail includes Cabela’s. The center is slated to open during the fall of 2010 or the spring of 2011. For more information, contact Metro Commercial Real Estate, Eight Tower Bridge, 161 Washington Street, Suite 375, Conshohocken, PA 19428; 610825-5222, Fax 610-825-515; Web site: www.metrocommercial.com
And we pay in cash. AEI has been buying existing, to-be-built, and/or sale-leaseback net lease properties nationwide for more than three decades. And we’ve always been all-cash. No debt means quick decisions, fast closings and no delays. When it comes to commercial acquisitions, no one stacks up to AEI. For more information, contact George Rerat today.
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A.T. Pancrazi Real Estate Services is preleasing Fortuna Commons, a strip center situated on 20 acres at the intersection of Interstate 8 and Fortuna Road in Yuma, AZ. Spaces of 8,005 sq.ft. and 15,400 sq.ft. are available along with outlots of 3,896 sq.ft.; 4,000 sq.ft. and 4,214 sq.ft. Fry’s Food & Drug anchors the center. Area demographics include a population of 43,505 within a sevenmile radius earning an average household income of $55,863. The average daily traffic count is 36,174 vehicles. The center is slated to break ground during 2010. For more information, contact Felisa Taylor, A.T. Pancrazi Real Estate Services, 350 West 16th Street, Suite 332, Yuma, AZ 85364; 928-782-0000, Fax 928-782-5559; Email: felisa@pancrazi.com; Web site: www.pancrazirealestate.com. Jones Lang LaSalle is preleasing the second phase of The Palms at Town & Country, a 700,000 sq.ft. town center located along Mills Drive in Kendall, FL. Kohl’s, Publix and Marshalls anchor the center. Cotenants include Kirkland’s, Nine West Outlet, 24 Hour Fitness, New York & Co., Outback Steakhouse, Toys “R” Us and CVS. Area demographics include a population of 745,268 within a seven-mile radius earning an average household income of $73,528. The second phase is slated to open later this fall. For more information, contact Mauro Olivieri or Karen Sanzo, Jones Lang LaSalle; 305-969-7291 or 561-758-8390, Fax 305-969-7593 or 561-582-4887; Emails: mauro.olivieri@am.jll.com and karen.sanzo@am.jll.com. Casto is redeveloping Randhurst Village, formerly Randhurst Mall, into a mixed-use open air center with a one million sq.ft. retail component located at the intersection of Rand Road and Elmhurst Road in Mt. Prospect, IL. AMC Cinema, Carson Pirie Scott, Bed Bath & Beyond, The Sports Authority and Costco anchor the center. Area retail includes Jewel-Osco, Buffalo Wild Wings, Steak ‘N Shake, Chase Bank, Borders, Chipotle, Bank of America and Home Depot. Area demographics include a population of 321,541 within a fivemile radius earning an average household income of $79,518. The redevelopment is slated for completion during the spring of 2011. For more information, contact George Brusco, Casto, 401 North Cattleman Road, Suite 108, Sarasota, FL 34232; 877-3622786 Ext. 2705 or 941-552-2700; Web site: www.castolp.com. Or Tim Miller, Great Street Realty Partners; 847-472-5012. DM
A national WOMEN’S specialty retailer. A national WOMEN’S specialty retailer. A national WOMEN’S specialty retailer.
The company The company The company operates operates moreoperates than more thanthan 400 more stores stores 400 stores in 26400 states. 26 states. in 26instates.
Dots three year growth plan includes opening an additional 150 stores. Dotsgrowth three year plan includes Dots three year plangrowth includes Site Criteria opening an150 additional 150 stores. opening ancenters, additional stores. * Power regional and community shopping centers with national deepCriteria discount anchors, dominant supermarket or discount Site Sitetenants, Criteria apparel anchors * Power centers, and community shopping with national * Power centers, regional andregional community shopping centers withcenters national tenants, deep discount anchors, dominant supermarket or discount tenants, deep discount anchors, dominant supermarket or discount * Targeting 4,000 to 5,000 square feet with a minimum 40 foot storefront apparel anchors apparel anchors
Demographic Profile
Targeting 4,000 to 5,000 feet with a40 minimum 40 foot storefront * Targeting *4,000 to 5,000 square feet square with a minimum foot storefront * Metropolitan, urban and suburban markets
Profile Demographic * Typical Demographic trade Profile area population of at least 75,000
* Metropolitan, urban andmarkets suburban markets * Metropolitan, urban and suburban * Median household income of $45,000 to $65,000 * Typical trade area population of at least 75,000 * Typical trade area population of at least 75,000 **Median household income of * Median household of $45,000 to $45,000 $65,000 to $65,000 Moreincome than 400 stores!
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* 26 states! 400 stores! than 400than stores! * More ** More 40+ new stores per year! states! states! * 26 ** 26 Growing to 1,000+ stores! new stores perstores year! per year! * 40+ * 40+ new 1,000+ stores! to 1,000+tostores! * Growing * Growing Estate Contacts
Kyle Koenig
440-349-7040
kkoenig@dots.com
Real Estate ManagerEstate Real Contacts Real Estate Contacts
440-349-7040 kkoenig@dots.com JohnKoenig Clark Kyle Koenig 440-349-7744 jclark@dots.com Kyle 440-349-7040 kkoenig@dots.com Real Estate Manager Director of Store Development Real Estate Manager
www.dots.com
440-349-7744 jclark@dots.com John Clark John Clark 440-349-7744 jclark@dots.com Director of Store Development Director of Store Development
www.dots.com www.dots.com
Apparel Chains Expand Nationwide (continued from page one)
Schweser’s Stores, Inc. trades as Schweser’s at 29 locations throughout IA, KS, MN, MO, NE and SD. The stores, offering women’s apparel, handbags and jewelry, in addition to seasonal home décor items and gifts, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in downtown areas, malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run one to five years. A vanilla shell is required. For more information, contact Tyler Smith, Schweser’s Stores, Inc., PO Box 1469, Fremont, NE 68026; 402-721-1700, Fax 402727-4925. Chico’s operates 650 locations nationwide and throughout Puerto Rico. The stores, offering women’s apparel and accessories, occupy spaces of 3,300 sq.ft. to 3,500 sq.ft. Growth opportunities are sought throughout HI in regional malls, lifestyle centers and street fronts and nationwide throughout casinos and cruise ships during the coming 18 months, with representation by Metropolis Retail, Inc. The company prefers to locate in high income areas, tourist locations and prefers fashion cotenants. Pumpkin Patch operates 20 locations throughout CA, OR and WA. The children’s apparel stores occupy spaces of 1,800 sq.ft. to 2,000 sq.ft. in regional malls. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Metropolis Retail, Inc. SOMA by Chico’s operates 65 locations nationwide. The stores, offering intimate apparel, sleepwear and loungewear, occupy spaces of 2,100 sq.ft. to 2,200 sq.ft. Growth opportunities are sought throughout HI in regional malls, lifestyle centers and street fronts and nationwide throughout casinos and cruise ships during the coming 18 months, with representation by Metropolis Retail, Inc. White House|Black Market operates 300 locations nationwide and internationally. The stores, offering women’s apparel and accessories, occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. Growth opportunities are sought throughout HI in regional malls, lifestyle centers and street fronts and nationwide throughout casinos and cruise ships during the coming 18 months, with representation by Metropolis Retail, Inc. For more information, contact Lary P. Hanshaw, 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. DM page 8
October 9, 2009
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Baton Rouge, La 9450 Airline Hwy. Space Available 1,750 SF
MapLe Shade, nJ 490 S. Lenola Rd. Space Available 8,000 SF divisible
ediSon, nJ 687 U.S. Route 1
1-800-456-4952
Space Available 8,443 SF divisible
Marty O’Boyle x3505 Bill Ring x3510 Kim Kroha x3500
MoBiLe, aL I-65 & Airport Blvd.
946 S. Willow Rd. Space Available 1,600 SF Endcap
6330 Winchester Rd. Space Available 5,500+/– SF
445 W. Dekalb Pike/Rt 202. Space Available 2,700 SF Endcap
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gReenSBuRg, pa
1185 E. Pittsburgh St. Space Available 1,500 – 4,500 SF
South hiLLS, pa
232-G S. Calderwood St. Office/Retail Space Available Large & Small
MeMphiS, tn
CheSapeake, va
1648 S. Military Hwy. Freestanding Bldg. Available 5,000 SF divisible
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2804 Wilma Rudolph Blvd. Space Available 1,900 SF
aLCoa, tn
1750 N. Highland Rd. Office/Retail Space Available 800 – 3,000 SF
ManCheSteR, nh
South hiLLS, pa
1410 W. New Haven Ave. Retail/Auto Service Space Available: 3,500 SF +/–
CLaRkSviLLe, tn
MeLBouRne, FL
Space Available 17,000 SF divisible 3968 William Penn Hwy. Space Available 1,600 SF Freestanding
1001 Broad St. Office/Retail Space Available Large & Small
Route 19/South Hills Space Available 13,000 SF divisible
Telephone: 800-456-4952 | frontdesk@commerce-group.com
Who’s Opening and Where Limited Brands, Inc. (614-415-7000) will open Henri Bendel locations at: South Coast Plaza, located in Costa Mesa, CA; Beverly Center, located in Los Angeles, CA; The Mall at Short Hills, located in Short Hills, NJ; King of Prussia Mall, located in King of Prussia, PA, and NorthPark Center, located in Dallas, TX. All openings are slated for the fall, with the two CA locations opening during November. All future openings will utilize the company’s recently-developed mall-based concept. Wireless Giant (248-786-4400), in conjunction with InMotion Entertainment, plans to open between 11 and 18 Blackberry from Wireless Giant stores in select transportation centers nationwide. The stores offer Blackberry smartphones and accessories. Dress Barn, Inc. (845-369-4804) will open between 30 and 35 Maurices locations during its current fiscal year, slated to end during July 2010, as part of a plan to operate 1,000 locations nationwide. The company currently operates 721 stores, selling women’s value apparel, nationwide throughout 44 states in addition to 838 dressbarn stores throughout 47 states.
Five Guys Enterprises, LLC (703-751-6844), through a franchisee, will open eight Five Guys Famous Burgers and Fries restaurants throughout western TX during the next four years. The company recently opened its first two restaurants in the area at the intersection of 19th Street and Quaker Avenue and at Canyon West shopping center, located along Marsha Sharp Freeway, in Lubbock. The remainder of the openings are planned for Amarillo, Midland and Odessa. Apple, Inc. (408-996-1010) is planning to open an Apple store in the upper West Side area of Manhattan, NY later this year. The opening will be the fourth Manhattan location for the computer and consumer electronics retailer, as the company operates stores along Prince Street in SoHo, along West 14th Street in the Meatpacking District and at the intersection of Fifth Avenue and 59th Street. New York & Co., Inc. (212-884-2000) plans to open three New York & Co. stores by the end of this year and close between 10 and 15 locations. The company currently operates 580 stores, selling women’s apparel, nationwide throughout 44 states.
Jamba, Inc. (866-473-7848), through franchisees, is slated to open between 40 and 45 Jamba Juice shops during its 2009 fiscal year. In the first two quarters, the company has opened 15 franchise stores. The change in focus to franchise-driven comes as an attempt by the company to resize its operations down to 300 company-owned shops, a process which has included and will include the selling of company-owned stores to franchisees. The company recently launched a program to bring food items to its stores, which have traditionally served healthy beverages. The company currently operates 735 units nationwide, with 490 operated by the company and 245 operated by franchisees. Tropical Smoothie Franchise Development Corp. (850-269-9850), through franchisees, will open Tropical Smoothie Café locations throughout Nassau and Suffolk counties in NY. The company opened stores in Centrereach, East Northport, Huntington Station and Selden and looks to open 20 additional locations in the area. The restaurants offer smoothies in addition to sandwiches, wraps, salads and soups. The company currently operates 280 locations nationwide.
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October 9, 2009
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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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Who’s Opening and Where Maverik Country Stores, Inc. (801-936-5557) will open 4,600 sq.ft. Maverik convenience stores in Carson City and Dayton, NV during December. The stores feature gasoline facilities and in-house bakeries. The company currently operates 200 locations throughout seven states. P.F. Chang’s China Bistro, Inc. (602-9578986) will open a P.F. Chang’s restaurant at La Palmera Mall, located in Corpus Christi, TX. Grimaldi’s Pizzeria, The Coffee Beanery, Sarku Japan, Charming Charlie’s and Vans are also slated to open stores at the mall, which is currently being redeveloped to include an outdoor lifestyle area, a children’s play area and a food court. Pizza Ranch, Inc. (800-321-3401) will open a Pizza Ranch restaurant in an outlot of a Menard’s-anchored center located at the intersection of Eglin Street and East Anamosa Street in Rapid City, SD. The buffet restaurant, serving chicken, pizza, salads and bottled beer, is slated to open during the winter. The restaurants feature seating for 200 and drivethru windows and offer delivery services within a five-mile radius. The company currently operates 147 locations throughout nine states.
Rutters Farm Stores, Inc. (800-964-5735) will open a Rutter’s Farm Store in Stewartstown, PA during December. The 5,750 sq.ft. store is the company’s first to be designed with environmentally-friendly features, including skylights, white exterior roofing, triple-glazed windows and LED exterior lighting, and will feature gasoline facilities along with a car wash. The company currently operates 56 of the convenience stores, with food service offerings including custom stir fry and fajita dishes, fresh-baked sub and ciabatta rolls and a coffee island, throughout Adams, Cumberland, Dauphin, Franklin, Lancaster and York counties in PA. Wal-Mart Stores, Inc. (479-473-4000) plans to open a Walmart in Clinton Township, MI during November. The company recently opened stores in Belleville, Hartland, Monroe, Saline, Sault St. Marie, Traverse City and Woodhaven, MI and expanded existing locations in Canton and Fenton, MI. Additionally, the company plans to open stores in Canton Township, Livonia and White Lake Township, MI during 2010. The company currently operates 112 stores in MI, including 68 Walmart Superstore locations.
www.dealmakers.net
The
Forever 21, Inc. (213-741-5100) will open Forever 21 stores in six malls owned and operated by General Growth Properties, Inc. The stores, slated to open at Riverchase Galleria, located in Birmingham, AL; Mall St. Matthews, located in Louisville, KY; Fashion Show, located in Las Vegas, NV; Baybrook Mall, located in Friendswood, TX; North Star Mall, located in San Antonio, TX, and The Woodlands Mall, located in The Woodlands, TX. The six stores, with a combined GLA of 580,000 sq.ft., are larger than the company’s traditional stores and are part of its newly developed Fashion Department Store concept. The stores are slated to open during 2010. Roundy’s Supermarkets, Inc. (414-2315000) will open a 68,000 sq.ft. supermarket at a former Chevrolet dealership site located along Northwest Highway in Arlington Heights, IL. The company is also planning to open a number of sites throughout Chicago, IL. The company, which trades as Pick ‘N Save and Copps Food Center in WI and Rainbow Foods in MN, has yet to decide on a unified trade name for D its IL locations. M
Dealmakers
October 9, 2009
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Lease Signings Centro Properties Group (212-869-3000) signed a lease with Chick-fil-A for 4,343 sq.ft. at Mira Mesa Mall, located at the intersection of Mira Mesa Boulevard and Camino Ruiz in San Diego, CA. Retail Insite represented the tenant in the transaction. The company also signed a lease with Sleepy’s for 7,353 sq.ft. at The Shoppes at Cinnaminson, located at the intersection of Route 130/Burlington Pike and Church Road/Cinnaminson Avenue in Cinnaminson, NJ. Julius M. Feinblum Real Estate, Inc. represented the tenant in the transaction. The company also signed a lease with Chuze Fitness for 16,221 sq.ft. at Felicita Plaza, located at the intersection of West Felicita Avenue/West 17th Street and South Centre City Parkway in Escondido, CA. Grubb & Ellis represented the tenant in the transaction. The company also signed a lease with East End Sports Cards for 1,068 sq.ft. at Eastgate Shopping Center, located at the intersection of Route 60/Shelbyville Road and Old Shelbyville Road/Main Street in Louisville, KY. The company also signed a lease with Nail Tek & Spa for 1,539 sq.ft. at Waterbury Plaza, located on Chase Avenue in Waterbury, CT. The company also signed a lease with rue21 for 7,200 sq.ft. at Cross Keys Commons, located at the intersection of Route 42/Black Horse Pike and Tuckahoe Road in Turnersville, NJ. Metro Commercial Real Estate, Inc. represented the tenant in the transaction. The company also signed a lease with Citizens Savings & Loan for 1,800 sq.ft. at Kimball Crossing, located at the intersection of Interstate 24 and Route 72/ Main Street in Kimball, TN. The company also signed a lease with Aerial Co., Inc. for 2,814 sq.ft. at Long Meadow Commons, located at the intersection of Route 176/Maple Street and Midlothian Road in Mundelein, IL. NAI/ MLG Commercial represented the tenant in the transaction. JBG Rosenfeld Retail (301-657-0700) negotiated leases with Chipotle, Sherwin Williams, My Cell Wireless and Pho Aura for space at Sully Station Shopping Center, a 149,000 sq.ft. center located on Westfields Boulevard in Centerville, MD. The company represented the landlord in the transaction. Matanky Realty Group (312-337-1001) signed a 10-year lease with New King Wok for 1,600 sq.ft. at Sunnyside Plaza, located on West Court Street in Janesville, WI. PlazaCorp Realty Advisors, Inc. (269-3835775) signed a lease with Biggby Coffee for 1,656 sq.ft. at Otsego Retail Shopping Center, an 8,000 sq.ft. strip center located on East M-89 in Plainwell, MI. page 12
October 9, 2009
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Coldwell Banker Commercial Bennett Williams (717-843-5555) negotiated the following five-year leases with Moorehead Communications, Inc.: for 1,850 sq.ft. at Iroquois Center, located on Route 17C in Owego, NY; for 1,260 sq.ft. at Wegmans Plaza, located on Clemens Center Parkway in Elmira, NY; for 1,557 sq.ft. at Lancaster Shopping Center, located at the intersection of Lititz Road and Oregon Pike in Lancaster, PA, and for 1,600 sq.ft. at Scott Town Center, located on Scotts Town Plaza in Bloomsburg, PA. The company represented the tenant in the transactions. The company also negotiated the following five-year lease with Cellular Connection/Verizon Wireless: for 1,000 sq.ft. at Stone Mill Plaza, located on Columbia Avenue in Lancaster, PA, for 1,600 sq.ft. at Promenade at Lebanon East, located on Bowman Street in Lebanon, PA, and for 1,500 sq.ft. at Pebbles Plaza, located at the intersection of U.S. Route 30 and U.S. Route 15 in Gettysburg, PA. The company represented the tenant in the transactions. The company also negotiated a five-year lease with Precision Wireless/Verizon Wireless for 1,800 sq.ft. on Route 61 in Shamokin, PA. The company represented the tenant in the transaction. The company also negotiated a five-year lease with Subway Real Estate Corp. for a 2,000 sq.ft. Subway at Sherwood Plaza, located on North Main Street in New Salem, PA. The company represented the landlord, Sherwood Plaza, LP, and the tenant in the transaction.
Conceiving and Developing Quality Real Estate for 40 Years
Peninsula Town Center Hampton, Virginia
www.peninsulatowncenter.com
Dial Properties Co. (402-493-2800) signed leases with Wendy’s for 2,600 sq.ft.; with Famous Labels for 11,440 sq.ft.; with Castle Nail Spa for 1,600 sq.ft.; with Discount Tire for 7,000 sq.ft. and with Taco Bell for 2,900 sq.ft. at Construction Trail Centre, a 350,000 sq.ft. open-air center located at the intersection of Interstate 55 and Highway 51/North Main Street in Normal, IL. The tenants join Starplex Cinemas, Schnucks Marketplace, Sprint, Rosati’s Pizza, Dollar Tree, Verizon Wireless, Moe’s Southwest Grill, Subway, H&R Block, U.S. Cellular, Great Clips and Super Gyro’s. CB Richard Ellis (407-839-3158) negotiated a 10-year lease with Woods Laser Tag for 8,496 sq.ft. at Village Marketplace, located at the intersection of West Colonial Drive and Maguire Road in Ocoee, FL. The tenant joins Planet Fitness, Floors Direct, Pizza Hut and Twistee Treat. The company represented the landlord, Village Marketplace Investors, and Help-U-Sell Better Value Realty represented the tenant in the transaction.
Dealmakers
(continued on page eighteen) www.dealmakers.net
Mall Properties, Inc. 654 Madison Avenue New York, NY 10065 Telephone: 212.935.1330 Fax: 212.832.5369 leasing@mallproperties.com www.mallproperties.com
C U R R E N T
P R O J E C T S
Introducing Peninsula Town Center, Hampton, Virginia
Mall Properties is proud to announce the 2009/2010 opening of Peninsula Town Center. The modern, energetic mixed-use development features Target, Macy’s and JCPenney, top restaurants, leading specialty shops and office space, as well as upscale residential units set around beautifully landscaped parks.
Mercury Plaza, Hampton, Virginia
Opportunities for anchor and in-line spaces are available now at Mercury Plaza. Located on one of the busiest retail thoroughfares in the Tidewater/Hampton Roads area, the $250 million dollar redevelopment of Peninsula Town Center is expected to attract even more retail growth to Mercury Plaza, adjacent to the area’s only Bass Pro Shop.
Georgia
Akers Mill Square (400,000 sf)—Cobb County, Atlanta Bed Bath & Beyond, Sports Authority, Toys “R” Us, OfficeMax, LA Fitness, Party City
Louisiana
The Mall at Cortana (1,650,000 sf)—Baton Rouge Dillard’s, JCPenney, Macy’s, Sears Cortana Square & Fringe (370,000 sf)—Baton Rouge Wal-Mart, Lowe’s, Babies “R”Us, Old Navy, Bed Bath & Beyond, Shoe Carnival, Guitar Center, Office Depot Siegen Lane Marketplace (1,000,000 sf)—Baton Rouge Wal-Mart, Sam’s, Lowe’s, Bed Bath & Beyond, Old Navy, T.J. Maxx, Kohl’s, Chili’s, Chuck E. Cheese’s, Wendy’s, Courtyard by Marriott, Residence Inn Sicily’s Plaza (27,500 sf)—Baton Rouge Sicily’s Italian Buffet, Oreck Vacuum, Honey Baked Hams, GameStop
Montana
West Plaza, Glendive—Kmart
New Jersey
Fashion Center, Paramus—Bed Bath & Beyond, T.J. Maxx
New York
Great South Bay (500,000 sf)—Babylon, Long Island Bed Bath & Beyond, Marshalls, Old Navy, Ann Taylor Loft, Panera Bread, Bath & Body Works, The Children’s Place King Kullen Plaza, Babylon, Long Island—King Kullen, Rite Aid Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie, Victoria’s Secret, J. Crew, Sephora, Bebe, H&M Northway Mall (600,000 sf)—Colonie (Albany) Target, Marshalls, Jo-Ann Etc, Staples, David’s Bridal, BJ’s Wholesale Club, Petco, Dress Barn, Eddie Bauer Outlet Parkchester Retail District—Bronx 650,000 sf. of Retail Shops with Macy’s, Offices and over 12,000 Apartments Savoy Shops—Third Avenue, 60th-61st Streets, New York City 65,000 sf. of Retail Shops, California Pizza Kitchen, Dylan’s Candy Bar
Pennsylvania
St. David’s Square (217,000 sf)—St. David’s, Philadelphia T.J. Maxx, Bed Bath & Beyond, HomeGoods, Genuardi’s, Micro Center
Virginia
Mercury Plaza (350,000 sf)—Hampton Burlington Coat Factory, Texas Steakhouse & Saloon, Cracker Barrel Old Country Store, Wachovia Bank, GNC, Supercuts Coliseum Square (43,000 sf)—Hampton Lane Bryant
Hotels
Residential
Baton Rouge, LA Columbus, OH (Easton) Courtyard by Marriott, Hilton Columbus, Courtyard by Marriott, Residence Inn by Marriott Residence Inn by Marriott Fairfax, VA Marco Island, FL Marriott Hilton Marco Island
Parkchester, Bronx, NY 12,271 Apartments 650,000 Square Feet of Retail
Buyers and Sellers (continued from page three)
Twin Rivers Capital, LLC is selling a 9,600 sq.ft. strip center situated on an outlot of Kingstree Commons Shopping Center, located along North Longstreet Street in Kingstree, SC. The center is 86% occupied with tenants including AutoZone, TitleMax and Edward Jones. AutoZone is bound to a 20-year lease commenced during July 2005 featuring four, five-year options with 12% rent escalations at every option. TitleMax is bound to a three-year lease commenced during April featuring annual rent escalations of 3%. Edward Jones is bound to a five-year lease commenced during April featuring annual rent escalations of 4%. The NOI is $104,904. The asking price is $1.234 million with a Cap rate of 8.5%. For more information, contact J.J. Lamberson, Twin Rivers Capital, LLC, 125-G Wappoo Creek Drive, Charleston, SC 29412; 843-722-9925, Fax 843-722-9947; Web site: www.twinriverscap.com. Watkins Retail Group is selling a 1.77acre outlot at Eustis Village, located at the intersection of Highway 441 and David Walker Drive in Tavares, FL. Beall’s and Publix anchor the center. Area demographics
include a population of 37,389 within a fivemile radius earning an average household income of $60,583. The average daily traffic count is 42,000 vehicles. For more information, contact Eric Battistone, Watkins Retail Group, 3222 Corrine Drive, Orlando, FL 32803; 407-8980017; Email: ebattistone@wilwat.net; Web site: www.watkinsretailgroup.com. Hoffman Commercial Group|Remax Services is selling a three-acre development parcel located in Lansdale, PA. The asking price is $1.99 million. For more information, contact Jeffrey A. Hoffman, Hoffman Commercial Group|Remax Services, 794 Penllyn Pike, Suite 200, Blue Bell, PA 19422; 215-5400600; Email: jeffhoff4@gmail.com; Web site: www.hoffmanre.com. The Riese Organization acquired a two-story, 6,250 sq.ft. retail building located along Union Square East in Manhattan, NY. Area retail includes planned Nordstrom, Best Buy, Barnes & Noble and Whole Foods Market locations. For more information, contact The Riese Organization, 560 Fifth Avenue, New York, NY 10036.
RE AL ES TATE
Thalhimer negotiated the sale of 29.07 acres located in the Clearbrooke area of Roanoke, VA. Wal-Mart Stores East, LP acquired the property, and plans to construct a Walmart Supercenter at the site. The company represented the buyer in the transaction. For more information, contact Lee Warfield, III or Pete Waldbauer, Thalhimer, 1313 East Main Street, Suite 400, Richmond, VA 23219; 804-648-5881 or 804-697-3487, Fax 804-697-3479; Email: lee.warfield@thalhimer.com. Schair & Associates, Inc., on behalf of a client, is looking to acquire retail properties throughout AL, FL, GA, NC and SC, with a focus on the Atlanta, GA metropolitan area. Suitable properties feature GLAs ranging from 8,000 sq.ft. to 50,000 sq.ft. and are priced with a Cap rate above 9%. The company will consider properties with vacancies and distressed properties with upside. For more information, contact Chris Brooks, Schair & Associates, Inc.; 770533-9585, Fax 770-533-9587; Email: chrisbrooks2008@bellsouth.net; Web site: www.schairinc.com. DM
S O U T H E A S T LLC
www.realestatesoutheast.com harrison paragould
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Leasing | ManageMent | Re-DeveLopMent p.o. box 681955 | pRattviLLe, aL 36068 | phone: 1-866-283-5516 | fax: 334-491-6210 page 14
October 9, 2009
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Dealmakers
www.dealmakers.net
Food Retailers Expand Nationwide Wing Stop operates 420 locations nationwide throughout 33 states. The restaurants occupy spaces of 1,300 sq.ft. to 2,500 sq.ft. in inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout Queens, NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. Crumbs Bake Shop operates 25 locations throughout CA, CT, NJ and NY. The bakeries, offering 25 varieties of cupcakes along with baked goods, occupy spaces of 400 sq.ft. to 800 sq.ft. in freestanding locations and inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout Long Island and New York, NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. Fleming’s Prime Steakhouse operates 40 locations nationwide throughout 27 states. The steakhouses occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in freestanding locations, pad sites and shopping centers. Growth opportunities are sought throughout Long Island, NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. Beyond Juice operates 30 locations nationwide throughout 16 states and throughout Australia. The juice bars occupy spaces of 700 sq.ft. to 1,500 sq.ft. in inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout Long Island and New York, NY during the coming 18 months, with representation by Sholom & Zuckerbrot Realty, LLC. For more information, contact Doug Weinstein, Sholom & Zuckerbrot Realty, LLC, Kaufman Astoria Studios, 35-11 35th Avenue, Long Island City, NY 11106; 718-392-5959, Fax 718-937-6546; Email: dweinstein@s-z.com. Plamondon Cos. trades as Roy Rogers at 52 locations nationwide throughout 12 states. The fast food restaurants, offering roast beef sandwiches, burgers and fried chicken, occupy spaces of 2,800 sq.ft. to 3,300 sq.ft. in freestanding locations and inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout the Baltimore, MD; New York, NY; Philadelphia, PA, and Washington, DC metropolitan areas during the coming 18 months. Typical leases run 30 years. Major competitors include Burger King, Arby’s, Wendy’s and McDonald’s. A land area of one acre is required for freestanding locations. For more information, contact Jon Fields, Plamondon Cos., 321 Ballenger Center Drive, Suite 201, Frederick, MD 21703-6028; 301-695-5051 Ext. 31, Fax 301-695-5066; Email: jonf@plamondon-cos.com; Web site: www.royrogersrestaurants.com.
Newsroom Café operates one location in Los Angeles, CA. The café prefers to occupy spaces of 5,000 sq.ft. to 5,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Ira Spilky & Associates. The company requires locations with outdoor patio space, and will consider conversions of existing restaurant spaces. Champagne – French Bakery Café operates 15 locations throughout Los Angeles, Marin, Orange and San Diego, CA. The French bakeries and cafes occupy spaces of 2,500 sq.ft. to 3,500 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 will consider conversions of existing café or bakery spaces. Boardwalk Fresh Burgers & Fries operates five locations throughout CA, MD and PA. The fast food restaurants occupy spaces of 1,200 sq.ft. to 2,200 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 requires sites with patio space. Barney’s Gourmet Hamburgers operates 10 locations throughout Berkeley, Oakland and San Francisco, CA. The restaurants occupy spaces of 1,200 sq.ft. to 2,200 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Ira Spilky & Associates. The company requires sites with patio space. For more information, contact Ira Spilky, Ira Spilky & Associates, 2566 Overland Avenue, Suite 660, Los Angeles, CA 90064; 310-558-3241; Email: ira@iraspillky.com; Web site: www.prime-restaurant-locations.com. Loard’s Ice Cream & Candy operates 45 locations throughout central and northern CA. The shops, offering ice cream and candy, occupy spaces above 1,000 sq.ft. in malls, urban/downtown areas and entertainment, power, specialty and strip centers. Plans call for 10 to 20 openings throughout the existing markets during the coming 18 months. Typical leases run five years with five-year options. A vanilla shell and specific improvements are required. For more information, contact Steven Cohan, Loard’s Ice Cream & Candy, 2000 Wayne Avenue, San Leandro, CA 94577; 510-297-0386, Fax 510-351-2562; Web site: www.loards.com. www.dealmakers.net
The
Dolphin Fast Food, Inc. trades as Burger King at 19 locations throughout MN. The fast food restaurants occupy spaces of 2,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Kurt Kiel, Dolphin Fast Food, Inc., 17 Washington Avenue North, Minneapolis, MN 55401; 612-338-4220. J. Alexander’s Corp. trades as J. Alexander’s at 29 locations throughout AL, CO, FL, GA, IL, KS, KY, LA, MI, OH, TN and TX. The restaurants, offering prime rib, steaks, fresh seafood, chicken, burgers, baby back ribs, pasta, salads, soups, sandwiches and desserts, occupy spaces of 7,500 sq.ft. to 8,000 sq.ft. in specialty centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 15 years. Preferred cotenants include upscale retailers. Preferred demographics include a population of 200,000 within five miles earning $90,000 as the average household income. For more information, contact Rick Carson, J. Alexander’s Corp., PO Box 24300, Nashville, TN 37202; 615-269-1917, Fax 615269-1919; Email: rcarson@jalexanders.com; Web site: www.jalexanders.com. Panera Bread operates 1,276 locations nationwide throughout 40 states as well as throughout Canada. The fast casual restaurants, offering sandwiches, soups, salads and dessert items, occupy spaces of 4,500 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout the Chicago metropolitan area and Cook and DuPage counties in IL during the coming 18 months, with representation by Newmark Knight Frank. Pret A Manger operates 23 locations throughout New York, NY and Washington, DC. The restaurants, offering all-natural sandwiches, salads, soups, wraps, breakfast items and desserts, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. Growth opportunities are sought throughout the Loop area of Chicago, IL during the coming 18 months, with representation by Newmark Knight Frank. For more information, contact Adam Hlavaty, Newmark Knight Frank, One East Wacker Drive, Chicago, IL 60601; 312-3863150; Email: ahlavaty@newmarkkf.com; Web site: www.panerabread.com. For additional information regarding Panera Bread, contact William Selonick; 312-3863114; Email: wselonick@newmarkkf.com. For additional information regarding Pret A Manger, contact Gregory Kirsch; 312-3863138; Email: gkirsch@newmarkkf.com.
Dealmakers
(continued on page sixteen) October 9, 2009
page 15
Food Retailers Expand Nationwide (continued from page fifteen)
Taco Mayo Franchise Systems, Inc. trades as Taco Mayo at 82 locations throughout AR, KS, OK and TX. The Mexican restaurants occupy spaces of 2,100 sq.ft. in freestanding locations. Plans call for two openings within a 300-mile radius of Oklahoma City, OK during the coming 18 months. The company is franchising. For more information, contact Kurt Dinnes, Taco Mayo Franchise Systems, Inc., 10405 Greenbriar Place, Oklahoma City, OK 73159-7651; 405-691-8226 Ext. 156, Fax 405-691-2572; Email: kurtd@tacomayo.com; Web site: www.tacomayo.com.
Edo Japan, Inc. trades as Edo Japan at 85 locations throughout CA, FL, HI, NM, UT and WA as well as Alberta, British Columbia, Ontario, Quebec and Saskatchewan, Canada. The Japanese fast-food restaurants occupy spaces of 400 sq.ft. to 600 sq.ft. in malls and 1,200 sq.ft. to 1,500 sq.ft. in power and strip centers. Growth opportunities are sought throughout HI and western Canada during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. The company is franchising. For more information, contact Tom Donaldson, Edo Japan, Inc., 4838 32nd Street Southeast, Calgary, Alberta, Canada
E S E H T E K I L S E TIM ! E N O Z O T U A R O CALL F
T2B 2S6; 403-215-8810, Fax 403-2158801; Email: edo@edojapan.com; Web site: www.edojapan.com. Red Hot & Blue, Inc. trades as Red Hot & Blue Memphis Pit Bar-B-Que at 33 locations throughout CO, KS, MD, MI, MO, MS, NC, NJ, TX, VA and Washington, DC. The barbecue restaurants occupy spaces of 4,500 sq.ft. to 5,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout PA and VA during the coming 18 months. Typical leases run 15 years. Specific improvements are required. Preferred demographics include a population of 50,000 within three miles earning $45,000 as the average household income. Major competitors include Famous Dave’s and barbecue restaurants. The company is franchising. For more information, contact Michael Bleser, Red Hot & Blue, Inc., 154 Charlois Boulevard, Winston-Salem, NC 27103; 336-714-1510, Fax 336-714-1520; Emails: franchise@rhbri.com and mbleser@rhbri.com; Web site: www.redhotandblue.com. Southern Maid Donut Flour Co. trades as Southern Maid Donut Shop at 85 locations throughout CA, LA, MS, OK, TN, TX and WA. The restaurants occupy spaces of 1,200 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Expansion is franchise-driven. For more information, contact A.H. Hargrove, Southern Maid Donut Flour Co., 3615 Cavalier Drive, Garland, TX 75042; 972-272-6425, Fax 972-276-3549; Web site: www.southerndonuts.com.
Growing Strong...Over 4,300 stores, and we open more every week Stores That Are 100% Company Owned And Operated...No franchisees Financially Disciplined...We make the right decisions to protect our shareholders Reliable...Whether purchase money or rent, our funds will be there...on time, every time Rock Solid...AutoZone continues to grow and prosper during these challenging times
+ Stores typically range from 6,500 square feet to 8,000 square feet + Must accommodate between 25 and 40 uncongested, customer-friendly parking spaces + We require up-front, high-impact locations with excellent visibility & access from adjacent streets + Land purchases, ground leases, existing space, and build-to-suit opportunities considered
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,100 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and over 150 stores in Mexico.
Visit our website at www.autozonerealestate.com for additional information STORE DEVELOPMENT DEPT. | P.O. BOX 2198 | MEMPHIS, TN 38101 | FAX: [901] 495–8969 ©2009 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.
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Kernels Popcorn¸ Ltd. trades as Kernels Extraordinary Popcorn at 65 locations throughout Canada. The stores, offering popcorn and gift packages, occupy spaces of 150 sq.ft. to 500 sq.ft. in malls. Growth opportunities are sought nationwide and internationally during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 100,000 within five miles earning $35,000 as the average household income. The company is franchising. For more information, contact Scott Staiman, Kernels Popcorn, Ltd., 40 Eglinton Avenue East, Suite 250, Toronto, Ontario, Canada M4P 3A2; 416-487-4194 Ext. 22, Fax 416-487-3920; Web site: www.kernelspopcorn.com. DM
Submit your projects for free at www.dealmakers.net/FreePublicity.aspx
BIG BOX SPACE AVAILABLE IN ALABAMA & FLORIDA Gulf Breeze Shopping Center | Gulf Breeze, FL
Roebuck Shopping Center | Birmingham, AL
Location 9075 Parkway East in the established Roebuck area of Birmingham
anchor Space avaiLabLe
Location
anchor Space avaiLabLe
• 65,343 sq.ft. and 14,986 sq.ft. • Shop Space Available • Restaurant Space Available: 2,250 sq.ft. (with equipment); 1,280 sq.ft. and 3,450 sq.ft.
45,490 sq.ft. (former Bruno’s Supermarket Anchor — All equipment and fixtures in place)
highLightS
350 Gulf Breeze Parkway @ the intersection of Northcliff Road & U.S. 98 (Gulf Breeze Parkway)
highLightS • 93,000 sq.ft. Neighborhood Shopping Center on 12.92 acres • Over $113,000 average Family Income in a 1 mile radius
• Anchored by the U.S. Post Office, Bestway, Catherine’s, Dollar General, and Rainbow Apparel • New 40’ Pylon Signage Available • Traffic Light at the Main Entrance with 48,000 vehicles per day
Village on Lorna | Hoover, AL Location 3309 Lorna Road (Intersection of Lorna Road and Rocky Ridge Road)
anchor Space avaiLabLe • 51,945 sq.ft. (former Food World Grocery Store Anchor) • 1,405 sq.ft. to 8,000 sq.ft. (Small Shop Space)
highLightS • 12.80 Acres • Renovated in 2000 • 752 parking spaces • 34,000 vehicles per day • Median household income of $65,783 within a 5-mile radius
Engel Realty Company, LLC 951 18th Street South, Suite 200 Birmingham, Alabama 35205 Phone: (205) 939-6800 www.engelrealty.com
Daniel W. Anderson Phone: (205) 939-8239 Fax: (205) 939-6817 E-mail: danderson@engelrealty.com
Lease Signings (continued from page twelve)
Sansone Group, Inc. (314-727-6664) negotiated a lease with Payless ShoeSource, Inc. for 2,986 sq.ft. at South Lakeview Plaza, located on Lemay Ferry Road in St. Louis, MO. The company represented the landlord, South Lakeview Plaza I, LLC, in the transaction. The company also negotiated a lease with Buff Enterprises, LLC for 1,189 sq.ft. at Lindbergh Plaza, located on Lindbergh Boulevard in St. Louis, MO. The company represented the landlord, Lindbergh Plaza Investors, LLC, in the transaction. LaKritz-Weber & Co. (248-353-9494) negotiated a lease with Studio Sweat, LLC for 1,300 sq.ft. at Fox Hill Mall, located on Mound Road in Sterling Heights, MI. The company represented the landlord, Fox Hill Mall of Sterling Heights, LLC, and the tenant in the transaction. The company also 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 tenant joins Parkway Foods. The company represented the landlord, Riverbend Properties, Inc., and Lormax-Stern represented the tenant in the transaction. Capital Real Estate Investments, Inc. (858-200-9402) negotiated a lease with a franchisee for Bob’s Big Boy for 4,498 sq.ft. at Westfield Parkway Shopping Mall, located on Parkway Plaza in El Cajon, CA. The company represented the tenant in the transaction. Michael Salove Co. (215-568-2600) negotiated a lease with The North Face for a two-level, 4,060 sq.ft. space on Walnut Street in Philadelphia, PA. The company represented the landlord in the transaction. The company also negotiated a lease with Town Home for 300 sq.ft. on Walnut Street in Philadelphia, PA. The company represented the tenant in the transaction. Grubb & Ellis|BRE Commercial (858-546-5400) negotiated a 10-year lease with Bad Ass Coffee Co. for 1,400 sq.ft. on Carmel Mountain Road in San Diego, CA. The company represented the landlord, West Coast Retail Management, and NAI San Diego represented the tenant in the transaction. The company also negotiated a 10-year lease with Zappy’s Pizza for 935 sq.ft. on Hacienda Drive in San Diego, CA. The company represented the landlord, Ridgeway Development Co., in the transaction. Metro 1 Properties (305-571-9991) negotiated a lease with Los Perros for 1,800 sq.ft. at the intersection of 71st Street and Collins Avenue in Miami Beach, FL. The company represented the landlord and the tenant in the transaction. DM page 18
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Sources of Financing Consolidated Alliance Group provides financing in amounts ranging from $1 million to $500 million with an interest rate of 7% for commercial projects nationwide and internationally. The company also provides financing for the acquisition of existing commercial properties in amounts ranging from $10 million to $100 million, with a maximum loan-to-value ratio of 80%. For more information, contact Trel McClary, Consolidated Alliance Group; 800-980-5269; Email: trel.mcclary@consolidatedfinancegroup.com. Mercury Capital provides financing in amounts ranging from $750,000 to $2.5 million with a 12% interest rate for properties throughout CT, NJ and NY. For more information, contact Meir Krengel, Mercury Capital, 380 Lexington Avenue, Suite 1622, New York, NY 10168; 212-661-8700, Fax 212-661-8831; Email: meir@mercurycapital.com; Web site: www.mercurycapital.com. Thomas D. Wood and Co. provides financing for the acquisition of distressed properties throughout FL. Notes are available at fixed interest rates of 6.5% interest rate for a five-year term, 6.75% for a seven-year term, 6.875% for a 10-year term, 7.25% for a 15-year term and 7.5% for a 20-year term. The company also provides permanent financing for Walgreens properties at a 6.9% interest rate. For more information, contact Thomas D. Wood and Co., 7349 Professional Parkway East, Sarasota, FL 34240; 941-552-9731, Fax 941-761-5795; Web site: www.tdwood.com. For additional information regarding Walgreens loans, contact Brad Cox; Email: bcox@tdwood.com. Tier One Commercial provides full recourse and non-recourse financing for retail properties. Notes are available for a term of five years with interest rates of 6.25% to 7% and a 25-year amortization schedule. The company also provides permanent financing for credit tenants. Notes are available with an interest rate of 6.5%. The company also provides interest-only, full recourse construction financing for credit tenants. The company also provides non-recourse financing for commercial properties located throughout the primary trade areas of the northeast and southeast U.S. as well as CO, IL, IN, KS, LA, MO, MS, OH, OK and TX. Notes are available for terms of three or five years with interest rates from 6.5% to 7.5% and a 20- to 25-year amortization schedule. For more information, contact Susan London, Tier One Commercial; 512-9471249; Email: slondon@austin.rr.com. DM
Lead Sheet Bijoux Bellagio Edward Goldmeier, Matthew Cooper or Glenn Ulick c/o Grubb & Ellis Co. 20 South Charles Street, Suite 902 Baltimore, MD 21201 410-625-4202 Emails: edward.goldmeier@grubb-ellis.com, matthew.cooper@grubb-ellis.com and glenn.ulick@grubb-ellis.com Web site: www.grubb-ellis.com
Accessories The six-unit chain operates locations throughout FL, MA, MD, NC and PA. The stores, offering women’s accessories, occupy spaces of 600 sq.ft. to 1,000 sq.ft. Growth opportunities are sought nationwide, with an emphasis on the Washington, DC metropolitan area, with representation by Grubb & Ellis Co.
The Norman Group, Inc. dba Norman’s Hallmark Howard Henschel 126 Terry Drive Newtown, PA 18940 215-579-2600 Ext. 103, Fax 215-579-2899 Email: hhenschel@normansgifts.com
Cards The 33-unit chain operates locations throughout NJ and PA. The stores, offering cards and gifts, occupy spaces of 3,000 sq.ft. to 7,500 sq.ft. in malls and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include major grocery stores and Macy’s.
Goddard Systems, Inc. dba Goddard School Rob Skibjak 1016 West 9th Avenue King of Prussia, PA 19406 610-265-8510 Ext. 401, Fax 610-265-6931 Email: realestate@goddardsystems.com Web site: www.goddardschool.com
Child Care The 350-unit chain operates locations nationwide. The child care centers occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations and endcap spaces of shopping centers. Plans call for 50 openings throughout the existing market during the coming 18 months. Typical leases run 15 years. The company will consider build-to-suits. A land area of one acre to 1.5 acres is required for freestanding locations. The company is also considering spaces of 6,720 sq.ft. for a new prototype. The company is franchising.
Compass Enterprises dba The Compass School Lynne Geisz 5040 Sadler Place Glen Allen, VA 23060 804-762-4685 Ext. 313, Fax 804-762-4689 Email: lgeisz@thecompassschool.com Web site: www.thecompassschool.com
Child Care The five-unit chain operates locations throughout IL, OH and VA. The child care centers occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout VA during the coming 18 months. Typical leases run 10 years. Specific improvements are required.
Jaco Oil Co. dba Fastrip Food Stores Roy Saunders PO Box 82515 Bakersfield, CA 93380-2515 661-393-7000, Fax 661-393-8738 Email: roys@jaco.com
Convenience The 62-unit chain operates locations throughout AZ, CA and NV. The convenience stores with gasoline facilities occupy spaces of 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to acquire sites.
The Pantry, Inc. dba The Pantry Wayne Bryan 305 Gregson Drive Cary, NC 27511 919-774-6700, Fax 919-777-5139
Convenience The 1,679-unit chain operates locations throughout AL, FL, GA, IN, KY, LA, MS, NC, SC, TN and VA. The convenience stores with gasoline facilities occupy spaces of 4,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 to 40 years. A land area of 1.5 to three acres is required.
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Lead Sheet Kohl’s Jamie Sackeim c/o Greco Sackeim Realty Group 39 Park Place, Suite 202 Englewood, NJ 07631 201-567-0477, Fax 201-567-7770 Email: jamie@iobase.com Web site: www.grecosackeimrealty.com
Department Store The 1,000-unit chain operates locations nationwide. The department stores, offering apparel, housewares, bedding, bath and kitchen items, footwear, toys and home décor, occupy spaces of 90,000 sq.ft. in freestanding locations, urban/downtown areas and power and strip centers. Growth opportunities are sought throughout northern NJ during the coming 18 months, with representation by Greco Sackeim Realty Group. A minimum land area of six acres is required for freestanding locations.
R.H. Reny, Inc. dba Reny’s John Reny 731 Route 1 Newcastle, ME 04553 207-563-3177, Fax 207-563-5681 Web site: www.renys.com
Department Store The 14-unit chain operates locations throughout ME. The department stores occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in urban/downtown areas and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 25,000 within 10 miles.
B&B Department Stores North Jeff Davidson 1975 Swarthmore Avenue Lakewood, NJ 08701 732-901-1562, Fax 732-901-8710
Department Store The three-unit chain operates locations throughout the NJ coastal area. The stores, offering family apparel, accessories and footwear, occupy spaces of 7,000 sq.ft. to 13,000 sq.ft. in freestanding locations and urban/downtown areas. Growth opportunities are sought throughout Monmouth and Ocean counties in NJ during the coming 18 months. Typical leases run two to five years.
Stein Mart Christine Firstenberg c/o Metrovation Brokerage 580 2nd Street, Suite 260 Oakland, CA 94607 510-839-4000 Ext. 240, Fax 510-465-4472 Email: cfirstenberg@metrovation.com Web site: www.metrovationbrokerage.com
Department Store The 270-unit chain operates locations throughout AZ, CA, CO, FL, GA, MI, NC, NV, NY, SC, TX and UT. The department stores occupy spaces of 28,000 sq.ft. to 36,000 sq.ft. in lifestyle, power and specialty centers. Growth opportunities are sought throughout the San Francisco Bay and Sacramento metropolitan areas of CA during the coming 18 months, with representation by Metrovation Brokerage. Preferred cotenants include upscale grocery and shoe stores. Preferred demographics include a population of 100,000 within five miles earning $75,000 as the average household income.
Target Todd Cooper c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: tcooper@ripcony.com Web site: www.ripcony.com
Discount The 1,700-unit chain operates locations nationwide. The discount department stores occupy spaces of 120,000 sq.ft. to 200,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout Fairfield, CT, northern and central NJ and Long Island and New York, NY during the coming 18 months, with representation by Ripco Real Estate.
Cinemark USA, Inc. dba Cinemark USA Tom Owens 3900 Dallas Parkway, Suite 500 Plano, TX 75093 972-665-1000, Fax 972-665-1004 Email: towens@cinemark.com Web site: www.cinemark.com
Entertainment The 400-unit chain operates locations nationwide and internationally. The movie theaters occupy spaces of 30,000 sq.ft. to 80,000 sq.ft. in freestanding locations, malls and entertainment, lifestyle and power centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 15 years.
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Lead Sheet Mann Theaters, Inc. dba Mann Theaters Steve Mann 900 East 80th Street Bloomington, MN 55420 952-767-0102, Fax 952-767-0103
Entertainment The 12-unit chain operates locations throughout MN. The movie theaters occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations, regional malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Citibank Ken Galvin c/o Baum Realty Group 1030 West Chicago Avenue, Suite 200 Chicago, IL 60642 312-275-3103 Email: ken.galvin@baumrealty.com Web site: www.baumrealty.com
Finance The chain operates locations nationwide and internationally. The banks occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Chicago, IL during the coming 18 months, with representation by Baum Realty Group. The company prefers to locate in sites with a drive-thru.
Neibauer Dental Care Marty Diamond c/o Thur & Associates 8260 Greensboro Drive, Suite 270 McLean, VA 22102 703-879-4965, Fax 703-847-1435 Email: mdiamond@thurassociates.com Web site: www.thurassociates.com
Health The 23-unit chain operates locations throughout MD and VA. The family and cosmetic dentist offices occupy spaces of 3,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout MD and northern VA during the coming 18 months, with representation by Thur & Associates.
Sangsters Health Centres Darryl Sangster 2218 Hanselman Avenue Saskatoon, Saskatchewan, Canada S7L 6A4 306-653-4481, Fax 306-653-4688 Email: franchise@sangsters.com Web site: www.sangsters.com
Health The 43-unit chain operates locations throughout Canada. The stores, offering vitamins, herbs, supplements and natural cosmetics, occupy spaces of 500 sq.ft. to 1,000 sq.ft. in enclosed malls and 1,000 sq.ft. to 1,500 sq.ft. in power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with five-year options. Major competitors include GNC. The company is franchising.
Kwal-Howells, Inc. dba Kwal-Howells Paint & Wall Coverings Jim Gamberg 3900 Joliet Street Denver, CO 80239 303-371-5600, Fax 303-373- 5688 Web site: www.kwalhowells.com
Home Improvements The 102-unit chain operates locations throughout AL, AR, CO, ID, KS, MO, NE, NM, OK, TN, TX, UT and WY. The stores, offering paint and wall coverings, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run three years. A vanilla shell is required. Preferred demographics include a population of 100,000 within five miles. Major competitors include Sherwin-Williams and Home Depot. The company is very site-selective.
Kitz & Pfeil Hardware Co. dba Kitz & Pfeil True Value Jim Stapel 427 North Main Street Oshkosh, WI 54901 920-236-3340, Fax 920-236-3348
Home Improvements The five-unit chain operates locations throughout WI. The hardware and home improvement stores, offering True Value brand items, occupy spaces of 15,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to acquire sites.
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Lead Sheet Curtain & Bath Outlet Susan DiGiovanni c/o 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.curtainandbathoutlet.com
Specialty The 10-unit chain operates locations throughout CT, MA and RI. The stores, offering curtains, blinds, shades, bath products and bathroom rugs, occupy spaces of 15,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout New England during the coming 18 months, with representation by Corporate Realty Advisors.
Orscheln Farm & Home, LLC dba Orscheln Farm & Home Supply Rick Powers 1800 Overcenter Drive Moberly, MO 65270 660-269-3580, Fax 660-269-3590 Email: rpowers@orscheln.com Web site: www.orschelnfarmhome.com
Specialty The 153-unit chain operates locations throughout AR, IA, IL, IN, KS, KY, MO, NE and OK. The stores, offering auto parts, fencing, lawn and garden supplies and outdoor clothing, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years. A vanilla shell is required. Preferred cotenants include grocery and discount stores. Major competitors include Tractor Supply Co. A land area of four to six acres is required for freestanding locations.
Massage Envy Jason Wuchiski c/o First Service Williams 1055 Washington Boulevard Stamford, CT 06901 203-961-6569, Fax 203-324-3125 Email: jwuchiski@fswre.com Web site: www.fswre.com
Specialty The 810-unit chain operates locations nationwide throughout 40 states. The massage centers occupy spaces of 2,800 sq.ft. to 3,500 sq.ft. in freestanding locations and endcaps and inline spaces of power and strip centers. Growth opportunities are sought throughout CT and RI during the coming 18 months.
McColla Enterprises, Ltd. dba Street Corner Peter LaColla 2945 Southwest Wanamaker Drive Topeka, KS 66614 785-272-8529 Ext. 100, Fax 785-272-2384 Email: peter@streetcorner.com Web site: www.streetcorner.com
Specialty The 49-unit chain operates locations throughout AL, AZ, CA, CT, FL, IL, KS, MA, MN, MO, NC, NJ, NV, NY, OH, PA, SC, TN, TX and VA. The stores occupy spaces of 150 sq.ft. to 900 sq.ft. in malls, urban/downtown areas, office buildings, hospitals and college campuses. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run a minimum of seven years. A vanilla box is preferred. Major competitors include Gateway. The company is franchising.
Carter’s Food Center dba Allen’s Discount Foods and Carter’s Food Center Blake Allen 102 North Scraper Street Vinita, OK 74301 918-256-5541, Fax 918-256-6176
Supermarket The two-unit chain operates locations in AR and OK. The supermarkets occupy spaces of 30,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
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 22
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Buckeye – Sundance Towne Center, a 650,000 sq.ft. center situated on 75 acres at the intersection of Interstate 10 and Watson Road, has a 28,720 sq.ft. freestanding anchor space available. Walmart Supercenter, OfficeMax, Lowe’s Home Improvement and PetSmart anchor the center. Cotenants include Carl’s Jr., Wells Fargo, Cracker Barrel, KFC, El Pollo Loco, Wendy’s, AutoZone and Taco Bell. Area demographics include a population of 39,248 within five miles earning $70,291 as the average household income. The average daily traffic count is 53,000 vehicles. Bullhead City – Riverview Mall, a 290,000 sq.ft. center located on South Miracle Mile, has an expandable 20,510 sq.ft. anchor space available. JCPenney, CVS, Beall’s Outlet, Stage and Big Lots anchor the center. Cotenants include Peter Piper Pizza, Jack in the Box and KFC. Area retail includes Wendy’s, Arby’s, Walgreens, Taco Bell and OfficeMax. Area demographics include a population of 46,907 within five miles earning $49,664 as the average household income. Gilbert – Gilbert Gateway Towne Center, a 735,000 sq.ft. regional power center located at the intersection of Loop 202 and Power Road, has a 28,000 sq.ft. anchor space available. SuperTarget and Walmart Supercenter anchor the center. Cotenants include PetSmart, Pier 1 Imports, Ross Dress for Less, Cost Plus World Market, Michaels and Staples. Area draws include Arizona State University and Phoenix-Mesa Gateway Airport. Area demographics include a population of 165,436 within five miles earning $85,411 as the average household income. The average daily traffic count is 71,000 vehicles. For details, contact Miles Sanchez, Chris Stamets or Eric Termansen, Western Retail Advisors; 602-778-3781/3748/3745; Emails: msanchez@w-retail.com, cstamets@w-retail.com and etermansen@w-retail.com; Web site: www.w-retail.com.
CVS, Susie’s Deals, 99 Cent Only Stores and Sonic Drive-In. Area retail includes Circle K. Area demographics include a population of 233,954 within five miles earning $50,624 as the median household income. The average daily traffic count is 106,000 vehicles. The asking annual rent is $12 psf. For details, contact Jim Mitchell, Retail Advisors SW, 2850 East Camelback Road, Suite 312, Phoenix, AZ 85016; 602-9574844 Ext. 2, Fax 602-957-4870; Email: jim@rasw.net; Web site: www.rasw.net.
asking rent is $2 psf NNN for the 900 sq.ft. and 1,200 sq.ft. spaces, $1.75 psf NNN for the 2,300 sq.ft. space and $2.50 psf NNN for the pad site. For details, contact Paul Capra or Benjamin Williams, Lee & Associates|LA North/Ventura, Inc., 1000 Town Center Drive, Suite 125, Oxnard, CA 93036; 805626-1264, Fax 805-413-7064; Emails: pcapra@lee-re.com and bwilliams@lee-re.com; Web site: www.leevc.com.
Prescott Valley – A freestanding 6,585 sq.ft. former Johnny Carino’s located at the intersection of Pav Way and Centre Court is available. For details, contact Glen R. Fotre, Triple Net Investments, LLC, 4181 North Cholla Drive, Prescott Valley, AZ 86314; 928-772-3518, Fax 928-772-8632; Email: glen@ccim.net; Web site: www.triplenetinvestments.com. Scottsdale – Indian River Plaza, an 87,444 sq.ft. center located at the intersection of Hayden Road and Thomas Road, has a 6,777 sq.ft. space available. Cotenants include
Arkansas Jonesboro – Bernard Court, a 100,000 sq.ft. center located at the intersection of Bernard Street and East Highland Street, has space available totaling 25,000 sq.ft. Cotenants include Hobby Lobby, Shoe Carnival, Hollywood Video, Baskin Robbins and Steak Escape. Also, Crossroad Shopping Center, a 44,845 sq.ft. center located at the intersection of East Highland Drive and Caraway Road, has space available totaling 5,400 sq.ft. Cotenants include OfficeMax, Pier 1 Imports and Mattress King. For details, contact Robert Sloan, The Shopping Center Group, 773 Brookhaven Circle East, Memphis, TN 38117; 901869-2720, Fax 901-869-2725; Web site: www.theshoppingcentergroup.com.
California San Bernardino – A strip center located at the intersection of West 2nd Street and F Street has a 25,528 sq.ft. space available. Food 4 Less anchors the center. Area retail includes Carousel Mall, Marshalls, 99 Cent Store, Starbucks, McDonald’s and Payless ShoeSource. Area demographics include a population of 300,000 within five miles. The asking rent is $0.69 psf with CAM of $0.30 psf. For details, contact Debbie Hanna, Remax Commercial, 104 East Olive Avenue, Suite 103, Redlands, CA 92373; 909-528-2512; Email: realestate@debbiehanna.com; Web site: www.debbiehanna.com. Simi Valley – Tapo Canyon Plaza, a 24,818 sq.ft. strip center located at the intersection of Tapo Canyon Road and Alamo Street, has spaces available of 900 sq.ft. and 2,300 sq.ft. along with two spaces of 1,200 sq.ft. and a 5,000 sq.ft. pad site. Area retail includes Civic Center Plaza, featuring Regal Cinemas and Bed Bath & Beyond, and El Paseo Simi, featuring Borders, Kohl’s and Pavilions. Area draws include Simi Valley Civic Center. The www.dealmakers.net
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Yorba Linda – Yorba Station, a strip center situated on a land area of three acres at the intersection of Yorba Linda Boulevard and Imperial Highway, has spaces available of 996 sq.ft. and 1,200 sq.ft. Mimi’s Café and First Bank anchor the center. Area retail includes Borders, Costco and Dick’s Sporting Goods. Area demographics include a population of 68,000 within 10 miles. The asking monthly rent is $1.90 psf with CAM of $0.47 psf. For details, contact Heather Francine, Integrity Commercial Brokerage, 18208 Imperial Highway, Yorba Linda, CA 92886; 714-961-6003 Ext. 203, Fax 714-961-5497; Email: heather@integrity-commercial.com; Web site: www.integrity-commercial.com.
Delaware Wilmington – Christina Crossing has spaces available from 1,600 sq.ft. to 15,200 sq.ft. ShopRite anchors the center. For details, contact Tim Duffy, Michael Salove Co., 1700 Market Street, 17th Floor, Philadelphia, PA 19103; 215-568-2600 Ext. 16, Fax 215-568-2666; Email: tduffy@salove.com; Web site: www.salove.com.
Florida Bradenton – Pinebrook Commons, a 33,341 sq.ft. center located on Cortez Road West, has spaces available of 2,450 sq.ft. and 4,650 sq.ft. Beall’s Outlet shadow-anchors the center and cotenants include Wood You Furniture, Thai Palace Restaurant, Marcy’s Salon, State Farm Insurance, MetroPCS, Casa De Sol, Tanfastics Tanning, Great Clips for Hair and Subway. Area retail includes Walmart, Albertson’s and Home Depot. Area demographics include a population of 171,235 within five miles earning $53,474 as the average household income. Jacksonville – Wilson Square, a 63,487 sq.ft. center located on Wilson Boulevard, has spaces available of 1,050 sq.ft. and 1,575 sq.ft. Food Lion anchors the center and cotenants include Florida Payroll Advance,
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Colliers International (214-692-1100) hired Jerry Luterman as vice president in its Dallas, TX office. He will specialize in the sale of private client retail and multi-family properties. Jimmy Jazz/Man Alive/S&D Stores (718-5961414) hired Jason D. Richter as vice president of real estate. Prior to joining the company, he served as leasing manager for Thor Equities. The urban apparel brands operate 200 stores nationwide. Marcus & Millichap Real Estate Investment Services (215-531-7000) promoted Brad Nathanson to vice president investments at the company’s Philadelphia, PA office. DM
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Colortyme Rent-To-Own, China Wok, Nail Capital, MetroPCS Mobile Zone, Beauty Plus, Wizzard Wireless, Dollar General and A Kidz Korner Too. Area demographics include a population of 169,815 within five miles earning $57,355 as the average household income. Merritt Island – Victoria Square, a 110,547 sq.ft. center located on North Courtenay Parkway, has spaces available from 1,300 sq.ft. to 29,054 sq.ft. Aldi anchors the center and cotenants include Dollar General, Family Haircutters, Joshua
REDD REALTY SERVICES
Meadowbrook Crossing — Jackson, MS Meadowbrook Crossing is a 100,000 SF shopping center that has been re-developed in the heart of northwest Jackson, Mississippi. The site is located at Meadowbrook and North State Street. A new free-standing CVS opened February, 2009. The center has vacancies of 67,000 SF and 9,000 SF that are available for immediate occupancy. Other tenants include Simply Fashions, Advance America and Payless Shoes. Area Retailers include Piggly Wiggly, Dollar Tree, Regions Bank, Maurice’s, CitiTrends, and It’s Fashion. 1 mile 3 miles
Population 9,328 68,861
Income $46,116 $54,628
Traffic North State: 17,000 ADT Meadowbrook: 13,700 ADT
Roanoke Rapids Crossing — Roanoke Rapids, NC Roanoke Rapids Crossing is a 75,000 SF shopping center that is being re-developed with a new free-standing CVS. There is a 10,500 SF and 54,000 SF anchor space available that can sub-divided. The site is located at 10th Street and Park Avenue. Tenants include Rent A Center, Travel Leaders, Bob’s One Hour Photo and the State Employees Credit Union. 1 mile 3 miles
Population 7,453 20,412
Income $48,006 $44,488
Traffic 10th Avenue: 17,000 ADT
For Leasing Information, Please Call TEL: 404-841-0123 FAX: 404-841-0127
Florida Cleaners, Weight Watchers, Beef O’Brady’s and Topper’s Creamery. Area demographics include a population of 75,520 within five miles earning $59,319 as the average household income. For details, contact Isram Realty & Management, Inc., 506 South Dixie Highway, Hallandale, FL 33009; 954-4552822 or 888-551-9176, Fax 954-455-9384; Email: danny@isramrealty.com; Web site: www.isramrealty.com. Connerton – Arbor Square at Connerton, a 75,941 sq.ft. mixed-use center located at the intersection of U.S. 41 and Pleasant Plains Boulevard, has spaces available of 1,133 sq.ft.; 1,485 sq.ft.; 1,528 sq.ft. and 2,368 sq.ft. Publix anchors the center and cotenants include Christo’s Restaurant, Amalfi Pizza & Pasta, The UPS Store, China Star, Quailty Plus Cleaners, Great Clips, Star Liquor, Poshe Nails, H&R Block, Aveda Salon, Subway, State Farm Insurance and Chick Chat Fashion Boutique. Ft. Lauderdale – A 17-story mixed-use freestanding building located on Las Olas Circle has a 5,871 sq.ft. space available along with a divisible space of 7,226 sq.ft. Cotenants include Bank of Florida and The Pita Pit. Greenacres – Military Crossing, a 64,052 sq.ft. center located at the intersection of South Military Trail and Melaleuca Lane, has a 1,200 sq.ft. space available. Publix anchors the center and cotenants include First Wok, Marcos Pizza, COQUI Liquors & Wines, Supercuts, L.A. Nails Spa, Dollar Plus and Subway. Area demographics include a population of 242,345 within a 10-minute drive time. The average daily traffic count is 40,162 vehicles. Naples – Naples Lake Village, a 59,683 sq.ft. center located at the intersection of Collier Boulevard and Rattlesnake Hammock Road, has spaces available of 1,040 sq.ft. and 4,800 sq.ft. Publix anchors the center and cotenants include Silhouette Cleaners, Subway, Bamboo Wok, Naples Famous Pizza, Shipmates and Metro Nails. Area retail includes Wachovia and Fifth Third Bank. Area demographics include a population of 61,362 within a 10-minute drive time. Pompano – Midtown Village Shoppes, a 19,000 sq.ft. center located at the intersection of Dixie Highway and Northwest 8th Street, has space available along with an outlot. Family Dollar anchors the center. Area demographics include a population of 280,896 within five miles earning $53,437 as the average household income. Winter Springs – Red Willow, a 93,625 sq.ft. center located at the intersection of Red Bug Lake Road and Tuskawilla (continued on page twenty-six)
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October 9, 2009
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Road, has spaces available of 1,017 sq.ft. and 1,496 sq.ft. along with two spaces of 1,260 sq.ft. and two spaces of 1,575 sq.ft. Lifestyle Family Fitness, Dunkin’ Donuts and Carrabba’s Italian Grill anchor the center. Cotenants include Taco Bell, AmSouth Bank, Thai Basil, Dominick’s Catering, Papa John’s, Sprint, Mail Copy Plus, Red Willow Cleaners, Curves, Weight Watchers, CiCi’s Pizza, Tuscawilla Florist, Chic Salon & Spa, Martial Arts World, L.A. Nails & Tan, Play It Again Sports, TCBY, AT&T Mobility and Bike Works. Area demographics include a population of 65,940 within three miles earning $86,868 as the average household income. The average daily traffic count is 70,000 vehicles. For details regarding the Connerton and Winter Springs properties, contact Heather Lannon, Stiles Realty, 401 East Jackson Street, Suite 200, Tampa, FL 33602; 813-222-8813; Email: heather.lannon@stiles.com; Web site: www.stiles.com. For details regarding the Ft. Lauderdale and Pompano properties, contact Irma Figueroa; 954-627-9400, Fax 954-6279399; Email: irma.figueroa@stiles.com. For
Florida
Florida
details regarding the Greenacres property, contact Denise Leyendecker; 561-371-4228; Email: denise.leyendecker@stiles.com. For details regarding the Naples property, contact Ryan Karlin; 239-337-7250; Email: ryan.karlin@stiles.com.
anchors the center and cotenants include Chinese 1, Pink & White Nails and Verizon Wireless. Area demographics include a population of 131,924 within five miles earning $53,262 as the average household income. The average daily traffic count is 68,000 vehicles. Lakeland – Grove Park Shopping Center, a 124,953 sq.ft. center located at the intersection of U.S. Highway 98 South/Bartow Road ad North Crystal Lake Drive, has spaces available of 1,873 sq.ft. and 4,800 sq.ft. Publix, CVS, Beall’s Outlet and Dollar Tree anchor the center. Cotenants include Wendy’s, Payless ShoeSource, First Choice Haircutters, Oreck, Skah Jewelry, Subway, Rainbow Apparel, Bon Worth, H&R Block, Super Buffet, The Shack, Pro Nails, Chamberlin’s Natural Foods, Kazbor’s Grille and Mail Room. Area demographics include a population of 127,684 within five miles earning $59,441 as the average household income. The average daily traffic count is 36,500 vehicles. Largo – Indigo Joe’s Plaza, a 56,668 sq.ft. center located at the intersection of Keene Road and East Bay Drive, has spaces available from 1,050 sq.ft. to 5,200 sq.ft. Sweetbay Supermarket shadow-
Ft. Myers – Gulf Points Square, a 141,206 sq.ft. center located at the intersection of McGregor Boulevard and San Carlos Boulevard, has spaces available from 750 sq.ft. to 9,520 sq.ft. along with a 10,200 sq.ft. freestanding building. SuperTarget shadow-anchors the center and Big Lots, Beall’s Outlet and Rent-A-Center anchor the center. Cotenants include Super Nails, Liberty Tax Service, Alterations, Subway, Spinners, Pinch A Penny, Hair Quarters, U.S. Postal Service and a future CVS. Area demographics include a population of 107,721 within five miles earning $68,043 as the average household income. The average daily traffic count is 40,200 vehicles. Holiday – Holiday Centre, a 66,840 sq.ft. center located at the intersection of U.S. Highway 19 and Sunray Drive, has a 14,820 sq.ft. junior anchor space available. Publix
WAN T E D
30 to 50 Acres near Retail
Centers in
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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. Contact:
THE SIMON COMPANIES Ben Simon or Kevin Tucker (757) 340-3669
Fax: (757) 631-9155 \ Email: bsimon@palms.net page 26
October 9, 2009
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Space Place
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Florida
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Florida
anchors the center and You Fit and Indigo Joe’s anchor the center. Cotenants include Mahal Bazaar, Knoblach, Capital Nails and Elkae Salon. Area demographics include a population of 241,080 within five miles earning $60,485 as the average household income. The average daily traffic count is 88,500 vehicles. Leesburg – Shoppes of Lake Village, a 135,437 sq.ft. center located at the intersection of U.S. Highway 441 and Lakes Boulevard, has spaces available from 1,000 sq.ft. to 9,592 sq.ft. Publix, Mattress Giant and Dollar General anchor the center. Cotenants include Sobiks Subs, Alterations, Elegant Nails, Lake Uniforms, Bon Worth, Oasis Health, Goodwill Industries, China Jade, CitiFinancial, Optical Outlet, LJ’s Lounge, Petland, Easylube, Habaneros and Wachovia. Area retail includes Lake Square Mall. Area demographics include a population of 39,334 within five miles earning $52,251 as the average household income. The average daily traffic count is 39,000 vehicles. Naples – Naples Town Centre, a 109,372 sq.ft. center located on U.S. Highway 41/Tamiami Trail, has spaces available of 800 sq.ft.; 827 sq.ft.; 1,400 sq.ft.; 1,488 sq.ft.; 2,400 sq.ft. and 9,988 sq.ft. along with a 1,750 sq.ft. restaurant space. Beall’s and Towne Centre 6 Theatre anchor the center. Cotenants include Town Center Coin Laundry, Cash Now, Prime Cut, Pak Mail, Long Nails, Liberty Tax Service, Mario Ice Cream, Machu Picchu, Rib City, Asian Depot, Beef O’Brady’s and AutoZone. Area demographics include a population of 96,735 within five miles earning $77,158 as the average household income. The average daily traffic count is 45,229 vehicles. Orange Park – Kingsley Square, a 31,567 sq.ft. center located at the intersection of Blanding Boulevard and Kingsley Avenue, has two spaces of 1,400 sq.ft. available. Lowe’s Home Improvement shadow-anchors the center and cotenants include OfficeMax, Firehouse Subs, Goodwill Industries and Pizza Hut. Area retail includes Dunkin’ Donuts, Tire Kingdom and Burger King. Area draws include Orange Park High School and Orange Park Medical Center. Area demographics include a population of 142,673 within five miles earning $74,658 as the average household income. The average daily traffic count is 71,500 vehicles. Spring Hill – Hernando West Plaza, a 110,367 sq.ft. center located on Pinehurst Drive between CR 574/Spring Hill Drive and Applegate Drive, has spaces available of 750 sq.ft.; 1,000 sq.ft.; 2,000 sq.ft.; 2,500 sq.ft. and 10,000 sq.ft. Publix and Beall’s Outlet anchor the center. Cotenants include Spring Hill
Barber, Breakfast & Lunch Nook, Spring Hill Optical, Bon Worth, 2/$1.00, China One, Bene’s International School of Beauty, Nails 7 Beautee and Washing Well. Area retail includes Regions Bank and Superior Bank. Area demographics include a population of 61,831 within five miles earning $54,511 as the average household income. The average daily traffic count is 41,500 vehicles. Tampa – Kuhn Plaza, a 21,016 sq.ft. center located at the intersection of State Route 60/ West Kennedy Boulevard and North Grady Avenue, has spaces available of 1,625 sq.ft.; 3,250 sq.ft. and 5,015 sq.ft. Cotenants include Plato’s Closet and The Shack. Area demographics include a population of 213,969 within five miles earning $67,595 as the average household income. The average daily traffic count is 81,500 vehicles. For details regarding the Ft. Myers and Largo properties, contact Sandra Woodworth, RMC Property Group, 1733 West Fletcher Avenue, Tampa, FL 33612; 800-728-5379 Ext. 308, Fax 813-963-2596; Email: swoodworth@rmcpg.com; Web site: www.rmcpg.com. For details regarding the Holiday, Naples, Orange Park, Spring Hill and Tampa properties, contact Amy Berrios; 800-728-5379 Ext. 217; Email: aberrios@rmcpg.com. For details regarding the Lakeland and Leesburg properties, contact Kerri Atkins; 800-728-5379 Ext. 264; Email: katkins@rmcpg.com.
include Outback Steakhouse, Taco Bell and Giordano’s. Area retail includes T.G.I. Friday’s, Cracker Barrel, Carrabba’s Italian Grill and Red Lobster. Area draws include Disney World. Area demographics include a population of 61,511 within five miles earning $79,915 as the average household income. The average daily traffic count is 58,000 vehicles. The asking rent is $20 psf. For details, contact Jason Kaiser, SRS Real Estate Partners, 200 South Orange Avenue, Suite 1300, Orlando, FL 32801; 407-4555029; Email: jason.kaiser@srsre.com; Web site: www.srsre.com.
Jacksonville – Regency Commons, located on Commerce Center Drive, has spaces available from 1,200 sq.ft. to 26,455 sq.ft. Beall’s anchors the center and cotenants include Michaels, Ross Dress for Less, dressbarn, Famous Footwear, Gospel World, Payless ShoeSource, Dots, Cost Plus World Market, hhgregg, Vystar, Fuji Sushi, Simply Different, Iceman Work Wear, Crispers, Orchid Nails Spa, Goodwill Industries and Mattress One. Area retail includes Regency Square Mall. Area demographics include a population of 177,210 within five miles earning $58,177 as the average household income. For details, contact Sleiman Enterprises, One Sleiman Parkway, Jacksonville, FL 32216; 904-731-8806; Email: lease@sleiman.com; Web site: www.sleiman.com. Kissimmee – Formosa Gardens Village, a 125,000 sq.ft. center located on West Highway 192, has spaces available from 1,200 sq.ft. to 6,000 sq.ft. along with a pad site and outlots of 30,000 sq.ft. and four acres. Winn-Dixie anchors the center and cotenants www.dealmakers.net
The
Lakeland – Lakeside Village, a 558,000 sq.ft. mixed-use center with a 511,000 sq.ft. retail component located at the intersection of Polk Parkway and Harden Boulevard, has spaces available from 1,224 sq.ft. to 3,500 sq.ft. along with a 1.61-acre outlot. Kohl’s, Cobb Theatres, Belk and Bed Bath & Beyond anchor the center. Cotenants include Pearle Vision, Chico’s, Coldwater Creek, Ann Taylor Loft, Go Fish Clothing & Jewelry Co., Bath & Body Works, Kirkland’s Home, Daydreams Day Spa/Bath Shop, Gift Basket Boutique, New York & Co., Sunglass Hut International, Fish City Grill, Gymboree, Golf Etc., CW’s Country Café, Justice, Pretzel Time, GameStop, Tinder Box, Max Jewelers, Claire’s, GrillSmith, Heatwave Tanning, Lee Nails, Hair Cuttery, Cold Stone Creamery, Sacino’s Formal Wear, Pizzeria Valdiano, PicassoZ, PacSun, Farris & Foster’s Chocolate, Collector’s Dream, The Great Steak & Potato Co., Crispers, Books-A-Million, Jos. A. Bank, Pro Image, BD’s Mongolian Grill, Famous Footwear, Cork & Olive, Verizon Wireless, HarteHanks, Rinnai, Victoria’s Secret, Robyn Lynne, Patchington, Talbots, Anna’s, AT&T Mobility, Starbucks, Louis Pappas, GNC, Moe’s Southwest Grill, Abuelos’ Mimi’s Café, Longhorn Steakhouse, Chili’s, Romano’s Macaroni Grill and Regions Bank. Area demographics include a population of 262,766 within 10 miles earning $54,317 as the average household income. Sarasota – St. Armands Circle, a 23,413 sq.ft. center located on St. Armands Circle, has spaces available of 331 sq.ft.; 1,313 sq.ft.; 2,280 sq.ft. and 2,414 sq.ft. Cotenants include Chico’s, Brighton Collectibles, SOMA by Chico’s, Starbucks and Regions Bank. Area demographics include a population of 160,085 within seven miles earning $74,422 as the average household income. Also, Whole Foods Market Centre, a 60,000 sq.ft. center located at the intersection of 1st
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Street, 2nd Street, Central Avenue and Lemon Avenue, has spaces available of 574 sq.ft.; 1,051 sq.ft. and 2,984 sq.ft. Whole Foods Market anchors the center and cotenants include Juno & Jove, Pino’s Restaurant, Starbucks, Petropolis, Jane Boutique, T. Georgiano’s Shoe Salon, Envie, Simply Spoiled, Nuovo, Write on Sarasota and Ashley Avery’s. Area demographics include a population of 221,922 within seven miles earning $73,630 as the average household income. For details, contact Barbara Carnes, Casto, 401 North Cattlemen Road, Suite 108, Sarasota, FL 34232; 877-362-2786 Ext. 2708; Web site: www.castolp.com. Naples – Olympia Park, located at the intersection of Airport Road and Vanderbilt Road, has spaces available of 5,100 sq.ft. and 21,500 sq.ft. Area demographics include a population of 115,000 within five miles earning $118,000 as the average household income. For details, contact Scott M. True, PF Holdings Florida, LLC, 9724 Blue Stone Circle, Ft. Myers, FL 33913; 239210-1521, Fax 239-768-2393; Email: scotttrue@comcast.net.
Georgia
Georgia
Acworth – Cherokee Corners, a 142,100 sq.ft. center located at the intersection of Highway 92 and Bells Ferry Road, has space available totaling 66,022 sq.ft. Food Depot, Family Dollar and Park Avenue Thrift anchor the center. Also, The Shoppes of Acworth, a 40,533 sq.ft. center located at the intersection of Highway 41/Cobb Parkway and Mars Hill Road, has space available totaling 4,270 sq.ft. Cotenants include Five Guys Famous Burgers and Fries, Sidelines, Quiznos and Mattress Expo. Alpharetta – Bethany Village, an 81,674 sq.ft. center located at the intersection of Highway 9 and Bethany Road, has space available totaling 9,500 sq.ft. Publix anchors the center and cotenants include Subway, Supercuts, El Azteca and Pak Mail. Also, Centre Stage Shopping Center, a 29,725 sq.ft. center located at the intersection of Highway 9 and Windward Parkway, has space available totaling 2,000 sq.ft. Cotenants include Panda Express, Chipotle and Ray’s New York Pizza. Athens – Clarke Crossing, a 71,648 sq.ft. center located at the intersection of Atlanta Highway and Timothy Road, has space available totaling 4,400 sq.ft. Cotenants include Academy Sports and Dollar Tree. Also, Epps Village, a 90,274 sq.ft. center located at the intersection of Jennings Mill Parkway and Epps Bridge Parkway, has space
available totaling 8,000 sq.ft. Home Depot and Kroger anchor the center. Cotenants include Pizza Hut, GNC, H&R Block, Hallmark, Allstate Insurance, Petland, The UPS Store and Supercuts. Also, Perimeter Square, a 207,969 sq.ft. center located at the intersection of Highway 78/Atlanta Highway and Athens Bypass, has space available totaling 114,326 sq.ft. Cotenants include Goodwill Industries and Cato. Atlanta – Across Lenox, a 19,520 sq.ft. center located at the intersection of Lenox Road and Kingsboro Road, has space available totaling 3,300 sq.ft. Cotenants include AT&T Wireless, Pearle Vision and Pier 1 Imports. Also, Ansley Square, a 48,004 sq.ft. center located at the intersection of Piedmont Road and Monroe Drive, has space available totaling 2,091 sq.ft. Cotenants include Rite Aid and Pets Are People Too. Also, Atlantic Station, a 1.5 million sq.ft. center located at the intersection of Interstate 75/Interstate 85 Interchange and 17th Street, has space available totaling 46,152 sq.ft. Cotenants include Dillard’s, IKEA, Ann Taylor, Publix, DSW, Z Gallerie, Pier 1 Imports, Target, Regal Cinema 16, Ten Pin Alley and Fox Sports Grill. For details, contact The Shopping Center Group, 300 Galleria Parkway,
out Check EW N r u o rum! o Jobs F
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12th Floor, Atlanta, GA 30339; 770-9552434, Fax 770-951-0054; Web site: www.theshoppingcentergroup.com. Atlanta – Parkway Pointe, a 195,562 sq.ft. center located at the intersection of Cobb Parkway and Cumberland Boulevard, has anchor spaces available. Cotenants include AMC Theaters, Borders, Copeland’s, Crunch Fitness, Don Pablo, Old Navy and Pier 1 Imports. Lawrenceville – Lawrenceville Market, a 499,813 sq.ft. center located at the intersection of GA 316 and Highway 120, has anchor spaces available. Cotenants include Ross Dress for Less, AMC Theatres, PetSmart, Home Depot, Target and Marshalls. For details, contact Ben Carter Properties, LLC, 3050 Peachtree Road, Suite 300, Atlanta, GA 30305; 404-8692800, Fax 404-869-7111; Web site: www.bencarterproperties.com.
Illinois Chicago – The Shops at Shoemaker, a power center located at the intersection of Belmont Avenue and Pulaski Road, has spaces available of 1,650 sq.ft. and 2,340 sq.ft. Cotenants include AT&T Mobility, Cardinal Fitness and Pockets. Area retail includes Walgreens. For details, contact Stuart Kantoff, Dubin Commercial, 4252 North Cicero Avenue, Chicago, IL 60641; 773427-4220, Fax 773-427-2412; Email: officemanager@dubinresidential.com; Web site: www.dubincommercial.com. Chicago - Washington Square, located at the intersection of North Avenue and Cicero Avenue, has a 4,800 sq.ft. space available along with a divisible space of 20,000 sq.ft. Cub Foods, Conway’s, A.J. Wright and Old Navy anchor the center. Cotenants include The Children’s Place, The Collection, Payless ShoeSource, Dots, City Sports, GNC, GameStop, P.J. Beauty Supply and Advanced Cabinets. Area demographics include a population within five miles earning $54,346 as the average household income. Also, Harlem Irving Plaza, a 700,000 sq.ft. center located at the intersection of Harlem Avenue and Irving Park Road, has spaces available of 600 sq.ft.; 640 sq.ft.; 685 sq.ft.; 1,925 sq.ft. and 2,490 sq.ft. Carson Pirie Scott, Kohl’s and Best Buy anchor the center. Cotenants include Aeropostale, Aldo, AT&T Mobility, Auntie Anne’s Pretzels, Bachrach, Bakers, Bath & Body Works, Burrito Bravo, page 30
October 9, 2009
The
Illinois
Louisiana
Cellular World, Champs, Chicago Sports Gifts, The Children’s Place, Cinnabon, Claire’s Etc., Creative Jewelers, Currency Exchange, Dakota Watch, Dippin’ Dots, The Disney Store, Express, Exteriors Fashions, Foot Action, Foot Locker, Forever 21, FYE, GameStop, Gateway Newsstand, Giftland, Gloria Jean’s Coffee Bean, Graphic Pointe, Great American Jewelers, Great Steak and Potato, Hot Topic, Intrigue Jewelers, Journeys, Kay Jewelers, Kidco, Kid’s World, Kirlin’s Hallmark, Lane Bryant, Lausanne Jewelers, Lenscrafters, Lids, Limited, Max Rave, McDonald’s Express, Michael Hill Jeweler, Mister Shop, MW Tux, National City Bank, Nestle Tollhouse Café, The New Tailor Shop, New York & Co., Opinions, PacSun, Panda Express, Payless ShoeSource, Perfumania, Plaza Bank, Plaza Health Foods, Pop-A-Corn, Pyramids, The Shack, Rogers and Hollands Jewelers, Sbarro, Scented Realm, Spencer Gifts, Spring, Sprint, Srebro, Star Vision, Subway, Sunglass Hut, Sunny Nails, Things Remembered, Threading Concepts, T-Mobile, Tom & Jerry’s Gyros, Torrid, Triple M Shoe Repair, Underground Station, U.S. Cellular, Victoria’s Secret, World Gym, Zales and Zumiez. Area demographics include a population within five miles earning $69,081 as the average household income. The average daily traffic count is 82,700 vehicles. Crystal Lake – Twin Ponds Marketplace, a 240,000 sq.ft. center located at the intersection of U.S. Route 14 and State Route 31, has spaces available of 3,640 sq.ft.; 6,000 sq.ft. and 14,958 sq.ft. Home Depot anchors the center and cotenants include PetSmart, OfficeMax and Tuesday Morning. Area demographics include a population of 218,000 within seven miles. The average daily traffic count is 42,000 vehicles. For details, contact Harlem Irving Cos., 4104 North Harlem Avenue, Chicago, IL 60634; 773-625-3036, Fax 773-625-0056; Web site: www.harlemirving.com.
has spaces available from 800 sq.ft. to 8,000 sq.ft. The asking rent is $18 psf. For details, contact Kevin Dalcourt, Chateau Realty Group, 2700 Moss Street, Lafayette, LA 70501; 337258-8924, Fax 337-236-6236; Email: kmid1@worldnet.att.net.
Springfield – A center located on 11th Street has a divisible space of 37,500 sq.ft. available. Cotenants include National City Bank and Rent-A-Center. The asking rent is $9 psf NNN. For details, contact Todd P. Smith, Garrison Group, Inc., 1999 Wabash Avenue, Springfield, IL 62704; 217-241-0202; Email: todd@garrisongroupinc.com.
Louisiana New Orleans – Chef Mall, a 40,000 sq.ft. center located on Chef Menteur Highway,
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Massachusetts Brockton – A 5,916 sq.ft. former Chili’s situated on 1.25 acres is available for sublease. Area retail includes Toys “R” Us, Walmart, Bed Bath & Beyond, T.J. Maxx, Dollar Tree, DSW, Dick’s Sporting Goods, Modell’s, A.C. Moore, A.J. Wright, Lowe’s Home Improvement and Westgate Mall, featuring Marshalls, Sears, Best Buy and Macy’s. Area demographics include a population of 471,935 within 10 miles earning $69,173 as the median household income. The asking annual rent is $120,000 with taxes of $26,215. Lynn – Harbor Place, a 50,000 sq.ft. shopping center located on Lynnway, has a 1,487 sq.ft. space available. Price Rite anchors the center and cotenants include Tello’s, Verizon FiOS, T-Mobile and MetroPCS. Area retail includes Shaw’s Supermarket, Payless ShoeSource, Wendy’s, McDonald’s and AutoZone. Area demographics include a population of 948,335 within 10 miles earning $60,207 as the median household income. The average daily traffic count is 40,000 vehicles. Tyngsboro – Pheasant Lane Mall, located on Middlesex Road, has a 7,551 sq.ft. pad site situated on 3.95 acres available. Area retail includes JoAnn Fabrics, Dollar Tree, T.J. Maxx, AMC Theaters, Trader Joe’s, Jordan’s Furniture, Costco, Borders, Bob’s Furniture, Home Depot, Petco, JCPenney Home Store, Namco, Barmakian Jewelers and Pheasant Hill Mall, featuring JCPenney, Macy’s, Sears and Target. Area demographics include a population of 375,043 within 10 miles earning $68,985 as the median household income. The asking annual rent is $160,000 with taxes of $18,127. For details regarding the Brockton and Tyngsboro properties, contact Mark Doherty or John Ferris, SRS Real Estate Partners, 84 State Street, Suite 400, Boston, MA 02109; 617-725-1970/1985; Emails: mark.dohery@srsre.com and john.ferris@srsre.com; Web site: www.srsre.com. For details regarding the Lynn property, contact John Ferris or Rob Robledo; 617-725-1986; Email: rob.robledo@srsre.com. (continued on page thirty-two)
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Call 1-800-732-5856 Fax 609-587-3511 Alyson Parker
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New Jersey
New Jersey
Properties Group; 610-574-2540, Fax 484380-3531; Email: jayseveral@aol.com.
demographics include a population of 565,177 within five miles. The average daily traffic count is 21,974 vehicles. Warren – Warren Village Shopping Center, a 61,000 sq.ft. center located at the intersection of Mount Bethel Road and Mountain Boulevard, has spaces available of 892 sq.ft. and 3,418 sq.ft. King’s Supermarket anchors the center and cotenants include Starbucks, Hollywood Tans and Verizon Wireless. Area demographics include a population of 52,192 within five miles. For details regarding the Franklin Township property, contact Joel Tomlinson, Silbert Realty & Management Co., Inc., 85A Division Avenue, Millington, NJ 07946; 908-604-6900, Fax 908-604-2030; Email: jtomlinson@silbertrealestate.com; Web site: www.silbertrealestate.com. For details regarding the Union property, contact Wayne Kasbar; Email: wkasbar@silbertrealestate.com. For details regarding the Warren property, contact Brian S. Silbert; Email: info@silbertrealestate.com.
Bridgeton – Carll’s Corner, a 130,000 sq.ft. center located at the intersection of Route 77, Route 56 and Cornwell Drive, has a 7,180 sq.ft. endcap space available along with a pad site. Acme anchors the center and cotenants include Peebles, Rite Aid, Family Dollar, Fashion Bug, Verizon Wireless and TD Banknorth. Area demographics include a population of 100,365 within 10 miles earning $63,108 as the average household income. For details, contact Matt Daly, Paragon Management Group, LLC, 276 Post Road West, Suite 201, Westport, CT 06880; 203221-7077 Ext. 121, Fax 203-221-7078; Email: mdaly@paragonct.com.
Flemington – Speedway Plaza, an 18,000 sq.ft. center located at the intersection of Route 202, Route 31 and Route 12, has spaces available from 1,400 sq.ft. to 1,600 sq.ft. Cotenants include AutoZone, Shiki Japanese Gourmet, Roma Pizza, TopLine Nail Salon and Just Subs. The asking rent is $17 psf NNN with CAM and taxes of $5.68 psf. For details, contact Chris Flammer, Coldwell Banker Commercial|Feist & Feist Realty Corp., 180 Mt. Airy Road, Suite 200, Basking Ridge, NJ 07920; 908-696-1500 Ext. 22; Email: cflammer@cbcworldwide.com.
Cherry Hill – Longwood Plaza, a center situated on 1.5 acres at the intersection of Route 38 and Longwood Avenue, has pad sites available of 1,750 sq.ft. and 3,400 sq.ft. Area retail includes Walmart, Toys “R” Us, Blockbuster Video and Cherry Hill Mall. The average daily traffic count is 65,000 vehicles. For details, contact Jay Several, Several
Franklin Township – Franklin Commons, a mixed-use center located at the intersection of Schoolhouse Road and Elizabeth Avenue, has a 1,400 sq.ft. space available. CVS and J.P. Morgan Chase Bank anchor the center. Union – Five Points Shopping Center, a 38,000 sq.ft. center, has a 1,400 sq.ft. space available. Cotenants include Blockbuster Video, Subway and Sovereign Bank. Area
Paracom Realty Corporation is a full‐service, commercial real estate Brokerage, specializing in retail leasing & development with a network of affiliates across Canada. • Tenant & Landlord Representation • Sales of Commercial Properties • Land Acquistion & Disposition
• Lease & Sale Negotiations • Demographic profiling & mapping • Over 25 years experience
www.paracom.ca Toronto Office: Paracom Realty Corporation 1 Eglinton Avenue East, Suite 601 Toronto, ON M4P 3A1 Tel: 416.483.1553 info@paracom.ca page 32
October 9, 2009
The
Quebec Office: Paracom Immobilier (Quebec) 12B‐1210 de Maisonneuve Ouest Montreal, Quebec H3A 0A2 Tel: 514‐895‐6967 bunny@paracom.ca Dealmakers
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Roselle – Roselle Shopping Center, located on Raritan Road, has spaces available of
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Pennsylvania
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785 sq.ft.; 1,602 sq.ft. and 3,350 sq.ft. Foodtown and Sears Hardware anchor the center. Cotenants include The UPS Store, Raritan Wine & Liquors and Roselle Center Pharmacy. Area demographics include a population of 457,696 within five miles earning $77,116 as the average household income. For details, contact Jason Pierson or Robert Molloy, CB Richard Ellis, Two Tower Center Boulevard, 20th Floor, East Brunswick, NJ 08816; 732-509-8926/2838; Emails: on.pierson@cbre.com and robert.molloy@cbre.com; Web site: http://retail.cbre.com.
Scranton – Southside Shopping Center, located at the intersection of South Washington Avenue and Elm Street, has a 5,600 sq.ft. endcap space available along with a 6,000 sq.ft. pad site. Rite Aid and Dollar Tree anchor the center. Cotenants include Rent-A-Center, The Shack, Sally Beauty Supply and Gertrude Hawk Chocolates. Area demographics include a population of 114,646 within five miles earning $46,198 as the average household income. The average daily traffic count is 15,000 vehicles. For details, contact Matt Daly, Paragon Management Group, LLC, 276 Post Road West, Suite 201, Westport, CT 06880; 203221-7077 Ext. 121, Fax 203-221-7078; Email: mdaly@paragonct.com.
Dress for Less, Petco, Office Depot and Ashley Home Store. Area demographics include a population of 100,000 within five miles. The average daily traffic count is 55,000 vehicles. The asking rent ranges from $12 psf to $14 psf. For details, contact Ronnie Cook or Ronald Underberg, American Properties Co., LP, 2850 Austin Peay Highway, Suite 140, Memphis, TN 38128; 901-794-7201 or 800-264-9998, Fax 901-794-0235; Email: marketing@americanpropertiesco.com.
Wayne – Wayne West Belt Plaza, located at the intersection of Willowbrook Drive and Route 23, has spaces available from 560 sq.ft. to 3,670 sq.ft. PetSmart, HomeGoods, Starbucks and Uno Chicago Bar & Grill anchor the center. The asking rent ranges from $32 psf to $38 psf. For details, contact Neal J. Ricahrds, Vanguard Realty, Inc., 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15; Email: nrichards@vanguardsite.com.
New York Middletown – A 9,000 sq.ft. freestanding building located on Route 211 East is available. Walmart Supercenter, Kohl’s and Bed Bath & Beyond shadow-anchor the center. Area demographics include a population of 81,667 within seven miles earning $57,100 as the median household income. The average daily traffic count is 39,000 vehicles. The asking rent is $21.75 psf NNN. For details, contact Sheila DuPell, Shopping Center Realty Corp.; 203-629-1919; Email: sdupell@shoppingcenterrealty.net.
North Carolina Cary – Reedy Creek, a 57,775 sq.ft. center located on Maynard Road, has spaces available from 1,300 sq.ft. to 2,140 sq.ft. For details, contact Kelly Franzino, Donna Kendall, Sherri Mann, Angela Pongpathed or Chris Ralph, Century Retail, 500 South Florida Avenue, Suite 700, Lakeland, FL 33801; 863-647-1581, Fax 863-6473992; Emails: kelly@centuryretail.com, donna@centuryretail.com, sherri@centuryretail.com, apongpathed@centurycompanies.net and chris@centuryretail.com; Web site: www.centuryretail.com.
Rhode Island North Kingstown – North Kingstown Crossing, located at the intersection of Route 102 and Route 4, has a 2,340 sq.ft. pad site available. Stop & Shop anchors the center and cotenants include Verizon Wireless, Vanity Cleaners, Postal Center USA, Sleepy’s, Dover Saddlery and Starbucks. Area retail includes Home Depot. Area demographics include a population of 74,583 within seven miles earning $70,363 as the median household income. The average daily traffic count is 73,400 vehicles. Providence – Mashapaug Commons, located at the intersection of Route 2 and Route 1, has a divisible space of 55,985 sq.ft. available for sublease. Area retail includes Family Dollar, Ocean State Job Lot, A.J. Wright, Dollar Tree, Kmart, Stop & Shop and Lowe’s Home Improvement. Area demographics include a population of 202,606 within three miles earning $33,599 as the median household income. For details, contact Brian Roache, Atlantic Retail Properties, 67 Batterymarch Street, Boston, MA 02110; 617-2393638, Fax 617-239-3650; Email: broache@atlanticretail.com; Web site: www.atlanticretail.com. For additional details regarding the Providence property, contact Trevor McNiven; 617-239-3604; Email: tmcniven@atlanticretail.com.
Tennessee Memphis – Riverdale Collection, a 19,500 sq.ft. strip center located at the intersection of Winchester Road and Riverdale Bend, has spaces available from 1,000 sq.ft. to 8,000 sq.ft. Area retail includes Walmart, Sam’s Club, Home Depot, Kroger, Old Navy, Ross www.dealmakers.net
The
Utah Draper – Draper Peaks, located at the intersection of 12300 South and Interstate 15, has spaces available of 1,369 sq.ft.; 3,626 sq.ft.; 6,000 sq.ft. and 16,000 sq.ft.. Kohl’s, Michaels, Ross Dress for Less and Petco anchor the center. Cotenants include In ‘N Out Burger, Lane Bryant, Famous Footwear, dressbarn, Office Depot, Justice, Applebee’s, Goodwood Barbecue Co., Payless ShoeSource, The Shack, Shirlyn’s, La Puente Mexican Restaurant, Jagged Edge, Intellibed, Great Harvest Bread Co., Village Quilt Shop, Thistle Home Décor, Massage Envy, Play ‘N Trade, Verizon Wireless, Sprint, Supercuts and Alert Wireless. Area retail includes Ruby Tuesday, Alphagraphics, Wendy’s, Flying J, Café Rio, Panda Express, Cold Stone Creamery, Zupa’s, Carl’s Jr., Winger’s Diner, Quiznos, Arctic Circle, Hollywood Video, Wells Fargo, Smith’s, T.J. Maxx and Jo-Ann Fabrics. Area demographics include a population of 130,383 within five miles earning $116,070 as the average household income. The average daily traffic count is 29,395 vehicles. For details, contact Rich Robins, Steve Bowler or Heather Bogden, Coldwell Banker Commercial NRT, 6550 South Millrock Drive, Suite 200, Salt Lake City, UT 84121; 801-947-8300, Fax 801-947-8301; Emails: rich.robins@coldwellutah.com, steve.bowler@coldwellutah.com and heather.bodgen@coldwellutah.com; Web site: www.coldwellutah.com.
Virginia Wytheville – A center located on West Main Street has space available. For details, contact William Smith, First Choice Real Estate of Virginia, 325 East Main Street, Suite A, Wytheville, VA 24382; 276-228-8882, Fax 276-227-0508; Email: wjs00@hotmail.com; Web site: www.fcreva.com. DM
Dealmakers
October 9, 2009
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Most Valuable Players AEI Capital Corporation............................................................. Pg. 8
Nielson Claritas....................................................................... Pg. 10
AutoZone................................................................................ Pg. 16
Paracom Realty Corporation.................................................... Pg. 32
Barclay Group..............................................................................IFC
Park Center, LLC...................................................................... Pg. 32
City of Cocoa, Florida.............................................................. Pg. 23
Ramey Kemp & Associates....................................................... Pg. 28
Commerce Group, Inc............................................................... Pg. 9
RCS Real Estate Advisors........................................................... Pg. 5
Dealmakers, The........................................................ Pgs. 25, 28, 31
Real Estate Southeast, LLC....................................................... Pg. 14
DLC Management Corp.................................................................BC
Redd Realty Services............................................................... Pg. 24
Dots.......................................................................................... Pg. 7
Rivercrest Realty Corporation.......................................................IBC
Engel Realty Company, LLC..................................................... Pg. 17
Simon Companies, The............................................................ Pg. 26
Goldstein Group, The.............................................................. Pg. 11
Stuart Makler & Associates, Inc................................................ Pg. 18
Mall Properties, Inc..........................................................Pgs. 12, 13
TenantSearch........................................................................... Pg. 29
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October 9, 2009
The
Dealmakers
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Looking for Acquisitions • Leasing Great Sites
LEASING
Rivercrest Realty has space available in anchored shopping centers along the East Coast. For leasing, contact: Vijay K. Shah (NC, TN, VA, WV, MD, DE) (919) 518-2000 vshah@rivercrestrealty.com Visit us at Debbie Lewis Booth 707 at the (SC, GA, FL) ICSC Southeast (919) 518-2000 Conference dlewis@rivercrestrealty.com
Helen Vitaliano (New York Locations) (718) 980-7684 helenvitaliano@si.rr.com
ACQUISITIONS
Rivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi. Acquisition Requirements: • Grocery / Shadow-Anchored • $5 Million Minimum Deal • 30,000+ SF Shop Space Forward proposals to: Stan Werb (919) 846-4046 swerb@rivercrestrealty.com
www.rivercrestrealty.com 8816 Six Forks Road, Suite 201 Raleigh, NC 27615 Phone: (919) 518-2000 Fax: (919) 424-0001
STATE
CENTEr
AvAILAbLE SF
NEw yOrk Staten Island Staten Island
Coral Island Shopping Center Tottenville Square
DELAwArE Seaford
Sussex Plaza
FLOrIDA Wilton Manors
Shoppes of Wilton Manors
GEOrGIA Atlanta Augusta Macon
Lenox Village Southpointe Plaza Walnut Creek Plaza
MAryLAND Landover Pocomoke City Fruitland
Landover Crossing East Town Plaza Southtowne Commons
2,000 – 119,244 SF Fully Leased Fully Leased
NOrTH CArOLINA Advance Chapel Hill Charlotte Charlotte Durham Durham Forest City Hendersonville Raleigh Shelby Smithfield Southport Taylorsville Winston-Salem
Kinderton Place Timberlyne Archdale Marketplace Royal Plaza Parkway Plaza The Village Hillside Plaza Highlands Square Millbrook Collection Creekside Plaza Smithfield Plaza Tidewater Plaza Taylorsville Hanes Commons
1,325 & 1,773 SF 1,201 – 1,786 SF 2,410 - 4,018 SF 1,259 – 6,696 SF 906 – 3,173 SF 11,488 SF 2,012 – 24,962 SF 2,508 - 8,016 SF 1,227 – 1,452 SF 3,115 SF 1,514 & 3,023 SF 3,020 SF 1,168 – 8,537 SF 1,420 - 18,294 SF
SOUTH CArOLINA Boiling Springs Columbia Florence Gaffney Georgetown Greenville Greenville Greenville Greenwood Greer Lexington Lexington Myrtle Beach Myrtle Beach Surfside Beach
Boiling Springs Center Northpointe Commons Southside Commons Piedmont Plaza Plantation Plaza Haywood Plaza Shoppes at Woodruff White Horse Commons Westwood Plaza Hillview Plaza East Towne Centre Village Square Northwood Plaza Plantation Point Surfside Commons
2,006 & 3,009 SF 1,995 – 35,000 SF 3,193 SF 2,003 & 3,213 SF 3,011 SF 1,020 – 5,374 SF 1,482 – 4,008 SF 4,007 SF 4,532 – 27,436 SF 2,018 & 3,007 SF 4,745 SF 792 & 1,444 SF 1,122 – 6,422 SF 1,423 – 4,128 SF 4,023 SF
TENNESSEE Cookeville
Cumberland Station
vIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston
Ridgeview Plaza Riverbend Garbers Crossing Mountainview Plaza Peppers Ferry Centre South Boston
wEST vIrGINIA Princeton
East River Plaza
840 – 2,980 SF 1,200 – 7,915 SF 3,000 SF 1,285 – 15,423 SF 1,073 – 3,483 SF 6,038 SF 1,997 SF
895 & 3,000 SF 1,991 & 30,012 SF 2,806 SF Fully Leased 1,998 – 9,014 SF 1,608 & 2,776 SF 1,202 SF 30,363 SF
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 SOUTHEAST CONFERENCE - BOOTH 921