Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XXXIX
October 14, 2011
Apparel Chains Expand Nationwide Dots, LLC trades as Dots at 400 locations throughout the northeastern, midwestern, southeastern and mid-Atlantic regions of the U.S., as well as TX. The stores, offering women’s discounted apparel, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for 50 openings throughout the northeastern, midwestern, southeastern and southern regions of the U.S. during the coming 18 months. Typical leases run five years with three, five-year options. Preferred cotenants include grocery stores, Target and Walmart. Preferred demographics include a population of 75,000 within three miles earning $45,000 to $55,000 as the average household income. For more information, contact John Clark or Kyle Koenig, Dots, LLC, 30300 Emerald Valley Parkway, Glenwillow, OH 44139; 440-349-7040, Fax 440-349-7004; Emails: realestate@dots.com and kkoenig@dots.com; Web site: www.dots.com. BMR Holdings, LLC trades as Patchington at 22 locations throughout FL. The stores, offering women’s resort apparel, occupy spaces of 1,500 sq.ft. in specialty centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. For more information, contact Maureen Jack, BMR Holdings, LLC, 13920 58th Street North, Suite 1006, Clearwater, FL 33760; 727-5362195 Ext. 226, Fax 727-535-0296; Web site: www.patchington.com.
Marty’s and City Gear operate 75 locations throughout AL, AR, FL, GA, KY, LA, MO, MS and TN. Marty’s offers men’s and boy’s apparel and occupies spaces of 3,500 sq.ft. to 4,500 sq.ft. and City Gear offers young men’s and women’s apparel in spaces of 3,500 sq.ft. to 4,000 sq.ft. in malls, power and strip centers. Plans call for 10 openings throughout the existing markets, as well as TX, during the coming 18 months, with representation by Results Realty, LLC. For more information, contact Ron Devine, Results Realty, LLC, 5803 Lee Highway, Suite 103, Chattanooga, TN 37421; 423-855-1555; Web sites: resultsrealtyre@comcast.net and www.citygearusa.com. South Moon Under operates 15 locations throughout DE, MD, PA and VA. The stores, offering men’s and women’s apparel, swimwear, accessories, footwear, jewelry and gifts, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations, malls, strip centers and urban/ downtown areas. Growth opportunities are sought throughout the existing markets, in addition to NJ, NY and Washington, DC, during the coming 18 months. Typical leases run 10 years with two, five-year options. Preferred demographics include a population of 10,000 within one mile earning $100,000 as the average household income. For more information, contact Frank Gunion, South Moon Under, 619 Franklin Avenue, Berlin, MD 21811; 410-641-1644, Fax 410-6413725; Web site: www.southmoonunder.com. (continued on page fourteen)
This issue contains information on:
* Retailers operating 50,424 locations with plans to open 2,766 sites * Real estate valued in excess of $176.2 million to be bought, sold & financed * Leasing activity on over 10.9 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC PA/NJ/DE Idea Exchange New Construction Stoltz is developing a 1.6-million sq.ft. mixed-use center in Wilmington, DE...... Pg. 3 Observations & Conversations Pg. 4 Profile LMS Commercial Real Estate Pg. 6 Openings Levin Furniture plans eight to 10 openings in OH and the Pittsburgh, PA area................ Pg. 8 Food Retailers Expand Mascott Corp. to open 15 to 20 Smashburger restaurants throughout NJ........................ Pg. 10 Buyers and Sellers R.J. Brunelli & Co., Inc. is selling former 6th Avenue Electronics stores in DE, NJ and PA.................................. Pg. 11 Exclusives Oxford Real Estate Services Group represents Grace Holdings throughout CT........ Pg. 17 Sources of Financing Johnson Capital arranged $11 million in financing for a 225,808 sq.ft. center in Rowland Heights, CA............ Pg. 17 In the News The Rochlin Organization launched a retail division, named Jim Sansivero as managing director.................. Pg. 19 Lease Signings Fameco Real Estate, LP negotiated leases with Dollar Tree and Hobby Lobby in Millville, NJ........................... Pg. 20 Lead Sheet Harmon Face Values to open stores in CT, FL, NJ, NY, PA and New England........................... Pg. 21 Invite Health seeking sites in NJ and Long Island, New York and Westchester, NY...................... Pg. 24 Space Place........................... Pg. 28 Most Valuable Players........... Pg. 38
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