Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XLI
October 30, 2009
Home-Related Chains Expand Nationwide Raymour & Flanigan Furniture operates 84 showrooms and eight clearance centers throughout CT, DE, MA, NJ, NY, PA and RI. The stores, offering furniture and bedding, occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations and power and strip centers. Limited growth opportunities are sought throughout the New York, NY metropolitan area during the coming 18 months. Typical leases run 10 to 15 years. Preferred demographics include a population of 150,000 within seven miles earning $50,000 as the average household income. A land area of 3.5 acres is required for freestanding locations. For more information, contact Scott Milnamow, Raymour & Flanigan Furniture, PO Box 220, 7248 Morgan Road, Liverpool, NY 13088; 315-453-2590, Fax 315-453-2570; Email: smilnamow@raymourflanigan.com; Web site: www.raymourflanigan.com. Century Supply Co. trades as Century Tile & Carpet at 12 locations throughout IL. The stores, offering floor tile and carpet, occupy spaces of 18,000 sq.ft. to 20,000 sq.ft. in freestanding locations. Growth opportunities will be sought throughout the existing markets during 2011. The company prefers to acquire sites. For more information, contact Phil Spiewak, Century Supply Co., 747 East Roosevelt Road, Lombard, IL 60148; 630-873-8224, Fax 630-873-8324; Email: phils@century-tile.com; Web site: www.century-tile.com.
Verlo Mattress Factory Stores operate 47 locations throughout CO, GA, IA, IL, MI, MO, NC, PA and TX. The stores, offering handcrafted mattresses, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. Growth opportunities are sought throughout Arlington Heights, IL during the coming 18 months, with representation by Baum Realty Group. The company is franchising. For more information, contact Allen Joffe, Baum Realty Group, 1030 West Chicago Avenue, Suite 200, Chicago, IL 60642; 312-275-3120, Fax 312-666-7970; Email: allen@baumrealty.com; Web site: www.baumrealty.com. Bellini Juvenile Designer Furniture operates 60 locations nationwide. The stores, specializing in upscale furniture and accessories for children, occupy spaces of 3,500 sq.ft. to 5,500 sq.ft. in lifestyle, specialty and strip centers. Growth opportunities are sought throughout major metropolitan markets nationwide during the coming 18 months, with representation by Sommers Consultants. Typical leases run 10 years. A vanilla shell is required. The company is franchising. For more information, contact Ron Sommers, Sommers Consultants, 301 North Main Street, New City, NY 10956; 845-638-4111, Fax 845638-3878; Email: ron@sommersconnection.com; Web site: www.bellini.com. (continued on page seventeen)
This issue contains information on:
* Retailers operating 25,162 locations with plans to open 2,120 sites * Real estate valued in excess of $321.3 million to be bought, sold & financed * Leasing activity on over 6.3 million sq.ft. of retail properties
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Featuring ICSC Chicago Dealmaking Buyers & Sellers Matanky Realty Group is selling a building located in Portage, IN............................ Pg. 3 Newmark Knight Frank is selling an outlot in North Aurora, IL.............................. Pg. 18 Observations & Conversations Pg. 4 Profile|Seldin Co.................. Pg. 6 Food Retailers Expand Shorty Small’s looks for sites throughout AR, KS, MO and OK Pg. 8 Openings Haynes Furniture plans to open The Dump stores throughout AZ and GA.......... Pg. 10 rue21 looks for sites nationwide............................ Pg. 11 Sources of Financing Commercial Partners of IL provides bridge loans nationwide Pg. 11 Making the News Main Street Property Services hired David Fishbein and Michael Semmelmeyer.......... Pg. 14 New Construction Stoltz is preleasing a mixeduse lifestyle center in Overland Park, KS................. Pg. 14 Lease Signings Location Finders International negotiated a lease with Kroger for space in Dolton, IL........... Pg. 16 Lead Sheet CarQuest looks to expand throughout Chicago, IL.......... Pg. 19 Greers plans to open stores throughout AL, FL and MS..... Pg. 22 Space Place........................... Pg. 24 Most Valuable Players........... Pg. 34
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