Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVII No. XXXIX
October 12, 2012
Apparel Chains Expand Nationwide A&E Stores, Inc. trades as Pay/Half, Strawberry and Bolton’s at 100 locations throughout CT, IL, MA, MD, NJ, NY, PA, RI and WI. Bolton’s offers misses apparel and prefers to occupy spaces of 1,800 sq.ft. to 3,000 sq.ft., Strawberry offers junior apparel and prefers to occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. and Pay/Half offers apparel for the family and prefers to occupy spaces of 7,500 sq.ft. to 15,000 sq.ft. in specialty, strip and value centers, as well as urban/ downtown areas. Plans call for 10 to 15 openings during 2013 throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. Specific improvements are required. For more information, contact Bruce Kleiman, A&E Stores, Inc., 1000 Huyler Street, Teterboro, NJ 07608; 201-393-0600, Fax 201-393-0798; Web site: www.payhalfstores.com. Sports Fan of Tidewater, Inc. trades as Legends and Sports Fan at 12 locations throughout DE, MD, NC and VA. The stores, offering active apparel items, athletic footwear and related merchandise, occupy spaces of 1,200 sq.ft. to 4,000 sq.ft. in malls, lifestyle and specialty centers. Growth opportunities are sought throughout MD, NC and VA during the coming 18 months. Typical leases run five to seven years. Major competitors include Foot Action, Foot Locker and Downtown Locker Room. For more information, contact Glenn Ferraro, Sports Fan of Tidewater, Inc., 11838 Canon Boulevard, Newport News, VA 23606; 757-873-3877, Fax 757-873-4787; Email: glenn@legends-sports.com.
Danice Stores, Inc. trades as Danice Stores at 26 locations throughout NJ and NY. The stores, offering discounted women’s apparel, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in power centers and downtown areas. Plans call for three openings throughout NY during the coming 18 months. Typical leases run 15 to 20 years. For more information, contact Barry Group, Danice Stores, Inc., 525 7th Avenue, New York, NY 10018; 212-776-1001, Fax 718-797-1895; Email: bsgroup@danicestores.com; Web site: www.danicestores.com.
ICSC Southeast Conference
Jos. A. Bank operates 572 locations nationwide throughout 44 states. The stores, offering men’s tailored and casual apparel, footwear and accessories, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in lifestyle and specialty centers, as well as urban/downtown areas. Growth opportunities are sought throughout AL, AR, FL, LA, MS, NC, SC and TN during the coming 18 months, with representation by Katz & Associates. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include Ann Taylor, Ann Taylor Loft, Coldwater Creek and Chico’s. Major competitors include Brooks Brothers. For more information, contact Martin Hennessy, Katz & Associates, 2300 Glades Road, Suite 460 West, Boca Raton, FL 33431; 561-361-7232, Fax 561-361-7276; Email: martinhennessy@dkatz.com; Web site: www.josbank.com.
Lease Signings Divaris Real Estate inks deal with Children’s Museum in a shopping center..................... Pg. 6
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This issue contains information on:
* Retailers operating 11,236 locations with plans to open 928 sites * Real estate valued in excess of $52 million to be bought, sold & financed * Leasing activity on over 3.6 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring
New Construction Taubman Centers brings Nordstrom and Saks to Puerto Rico....................................... Pg. 3 Observations & Conversations Pg. 4 Who’s Opening & Where Mama Fu’s Asian House to grow by up to 14 locations next year............................... Pg. 6
Buyers & Sellers Retail Solutions open to buy retail centers and single tenant sites....................................... Pg. 8 Exclusives Strategic Retail Advisors reps Studio Music Grill in the Carolinas............................... Pg. 9 Sources of Financing Cronheim Mortgage funds two retail sites....................... Pg. 9 Food Retailers Expand RAS Brokerage reps restaurant chains.................................... Pg. 11 Making The News Colliers International South Florida taps new vice president............................... Pg. 12 Lead Sheet Massage Heights eyes Georgia for growth.............................. Pg. 16 Omega Sports to enter SC and VA......................................... Pg. 16 Space Place........................... Pg. 18
For more news go to: www.dealmakers.net Mobile Access Code: southeast1012