Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XLII
November 1, 2013
FEATURING supermarket Chains Expand Nationwide Aldi, Inc. trades as Aldi at 1,200 locations nationwide throughout 32 states. The supermarkets occupy spaces of 15,000 sq.ft. to 18,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC, SC and southern VA during the coming 18 months. For more information, contact Todd Bonnett, Aldi, Inc., 1985 Old Union Church, Salisbury, NC 28146; 704-642-0023 Ext. 122; Web site: www.aldi.com. AB Supermarket trades as Key Food Marketplace at two locations in NY. The supermarkets occupy spaces of 21,100 sq.ft. in strip centers. Growth opportunities are sought in Brooklyn, NY during the coming 18 months. For more information, contact Anthony Bileddo, AB Supermarket, 153rd and 7th Street, Garden City, NY 11530; 516-742-2713, Fax 516-7398343; Email: abileddo@keyfoodmarketplace.com. Village Supermarket, Inc. trades as ShopRite at 29 locations throughout MD, NJ and PA. The supermarkets occupy spaces of 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout NJ during the coming 18 months. For more information, contact William Sumas, Village Supermarkets, Inc., 733 Mountain Avenue, Springfield, NJ 07081; 973-467-2200, Fax 973-467-6582; Email: william.sumas@wakefern.com; Web site: www.shoprite.com.
Mollie Stone’s Markets operates nine locations in CA. The upscale supermarkets, featuring bakery, floral, deli, seafood and liquor departments, as well as offering international and private label food products, occupy spaces of 7,500 sq.ft. to 30,000 sq.ft. in lifestyle, specialty and tourist centers, as well as urban/downtown areas. Growth opportunities are sought throughout the San Francisco Bay area of CA during the coming 18 months. Typical leases run 35 years. Preferred demographics include a population of 20,000 within one mile earning $100,000 as the average household income. Major competitors include Whole Foods. For more information, contact Mike Stone, Mollie Stone’s Markets, 150 Shoreline Highway, Building D, Mill Valley, CA 94941; 415-289-5720, Fax 415-289-0141; Web site: www.molliestones.com. Alliance Foods, Inc. trades as Save-A-Lot at seven locations throughout MI and OH. The supermarkets occupy spaces of 15,000 sq.ft. to 16,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout OH during the coming 18 months. For more information, contact Loren Doty, Alliance Foods, Inc., 605 West Chicago Street, Coldwater, MI 49036; 517-278-2396, Fax 517278-7936; Email: ldoty@alliance-foods.com; Web site: www.alliance-foods.com. (continued on page twelve)
This issue contains information on: • Retailers operating 27,369 locations with plans to open 1,782 sites • Real estate valued in excess of $32 million to be bought, sold & financed • Leasing activity on over 4.5 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
icsc southeast conference New Construction Flocke & Avoyer preleasing a 1.5 million sq.ft. retail project........... Pg. 3 Buyers and Sellers Sperry Van Ness is sekking to acquire strip centers throughout the Washington, DC metro area Pg. 6 Food Chains Expand Arby’s to grow nationwide.......... Pg. 10 Who’s Opening and Where Lowes Food to enter FL next year............................................ Pg. 11 Lease Signings Mid-America Real Estate inks junior anchor deal with Michaels. Pg. 13 Sources of Financing Meridian Capital Group closes loan............................................ Pg. 16 Making the News Spencer/Hines Properties taps top broker for Greenville, SC...... Pg. 16 Exclusives Divaris Real Estate reps RC Theatres in NC and SC............... Pg. 16 Lead Sheet AIO Wireless to enter new territory...................................... Pg. 18 Pet Supplies Plus to continue expansion in 23 states................ Pg. 19 Total Woman Gym & Spa to grow nationally with franchises..... Pg. 19 Space Place................................ Pg. 22
MOVING FORWARD. As a pure retail REIT, we are moving forward by expanding in major growth markets and recycling our portfolio.
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new construction The Missner Group, on behalf of GlenStar Properties, is developing a multi-phase 22-acre mixed-use development, located at the intersection of Willow Road and Interstate 294 in Glenview, IL. The project will also include a multi-level senior living facility and retail space. Phase two of construction will include two, multi-tenant retail buildings. For more information, contact The Missner Group, 5520 West Touhy Avenue, Skokie, IL, 60077-3800; 847-675-8877, Fax 847675-8890; Email: info@missnergroup.com; Web site: www.missnergroup.com.
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Director of Business Development Brenda Buchanan • brenda@dealmakers.net Account Executive Jacqueline Pelicano • jp@dealmakers.net Research Assistant Brenda Robinson • brendar@dealmakers.net Research Assistant Krista Kopf • krista@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007
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Boardwalk Development, Inc. is developing a proposed retail development at the intersection of Forester Creek and Mission Gorge Road in Santee, CA. Area retail includes Walgreens, Lowe’s Home Improvement and Kohl’s. Area demographics include a population of 99,977 within five miles earning $60,284 as the average household income. The company is also preleasing a proposed 7,139 sq.ft. building at Rancho Bernardo Town Center, located along Bernardo Plaza Drive in San Diego, CA. Cotenants include Vons, Subway, Bank of America, Pizza Hut, Baja Fresh and Starbucks. Area demographics include a population of 75,352 within a five-mile radius earning $78,844 as the average household income. The company is also preleasing Mission Hills Plaza, located along La Paz Road in Laguna Hills, CA. Spaces from 900 sq.ft. to 3,882 sq.ft. are available. Area retailers include McDonald’s, Starbucks, Claim Jumper and 24 Hour Fitness. Area demographics include a population of 241,215 within five miles earning $80,026 as the average household income. For more information, contact Ben Longwell, Boardwalk Development, Inc., 16909 West Bernardo Drive, San Diego, CA 92127; 858-485-9300, Fax 858-487-1099; Email: ben@boardwalkdevelopment.com; Web site: www.boardwalkdevelopment.com. Flocke & Avoyer Commercial Real Estate is preleasing Millenia, a 210-acre mixeduse development located at the intersection of State Route 125 Toll Road and Birch Road in Chula Vista, CA. The development will include a two-million sq.ft. office component, a 1.5-million sq.ft. retail
component and six themed urban parks, along with bikeways and public promenades. For more information, contact Stewart Keith, Bill Thaxton or Steve Avoyer, Flocke & Avoyer Commercial Real Estate, 6165 Greenwich Drive, Suite 110, San Diego, CA 92122; 858-875-4669/4675/4660, Fax 619280-3311; Email: skeith@flockeavoyer.com; Web site: www.flockeavoyer.com. Prime Commercial, Inc. is preleasing Alvin’s Corner at Penny Lane, a mixed-use development located at the intersection of Hamilton Avenue and San Tomas Expressway in Campbell, CA. The project will feature a 108-unit luxury residential component and a 10,915 sq.ft. retail component. Area retailers include Subway, Safeway, U.S. Bank, Gold’s Gym, Jack-in-the-Box, U.S. Postal Service, Burger King, Chase Bank, Wells Fargo, Starbucks and Home Depot. Area demographics include a population of 542,867 within a five-mile radius earning $108,047 as the average household income. The average daily traffic count is 28,688 vehicles along Hamilton Avenue. The center is slated to open during fall 2014. For more information, contact Dixie Divine or Doug Ferrari, Prime Commercial, Inc., 1543 Lafayette Street, Suite C, Santa Clara, CA 95050; 408-8794001/4002, Fax 408-879-4000; Emails: ddivine@primecommercialinc.com and dferrari@primecommercialinc.com; Web site: www.primecommercialinc.com. DM
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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 DealmakersTM 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 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2013 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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Prime Commercial, Inc. is preleasing Alvin’s Corner at Penny Lane, a mixed-use development in Campbell, CA. November 1, 2013 | Page 3
observations and conversations If Nordstrom and Neiman Marcus open 200 to 300 more discount stores collectively within the next two or so years, then T.J. Maxx, Marshalls and Ross Dress for Less better step it up or they are going to get trampled. Ann O’Neal Welcome to The Dealmakers special edition for the ICSC’s Southeast Conference. Business is still picking up, despite the cat fights in Congress and the tightrope dance on a default notice. Let’s just hope there aren’t any more shenanigans before Christmas that will deter people from spending money. A few months ago, a developer asked me which junior anchors will still be around in ten years. I think fitness centers and Michael’s Arts & Crafts type retailers will still be good options, but I’m seeing a shift in how and where females in the 15 to 25 age bracket shop for clothes. This group loves Forever 21 and H&M, however, as they grow into career mode the shift is to shop for professional work clothes more often at traditional department stores during a promotional sale. Much of the reasoning behind shopping department stores rather than a discount store was that they associated T.J. Maxx, Marshalls and Ross Dress for Less as “stores where their mothers shop for fashion.” Nordstrom Rack is ideal to bridge that gap and my bet is that they will shake up the playing field in the off-price apparel arena. As a developer, I would rather anchor my center with a Nordstrom Rack. Not only does Rack have a fresher image but it also caters to wider age and income brackets. The discount store chain plans to almost double its store count to 230 units by 2016 with a footprint ranging from 30,000 to 40,000 square feet. Future stores are spreading out to the suburbs and co-anchoring sites with the likes of Target, Whole Foods and Wegmans. I looked at radius maps with existing and future Rack locations and I’m seeing new stores in larger markets, such as Houston or Boston, located within a 30-minute drive-time of existing Rack locations. I’ve never done a Rack deal, but I backed out some numbers on their financial statements. My guesstimate is that the Rack stores generate around $250 to $350 per square foot and the landlord tenant improvements range from $70 to $85 per square foot depending on the market. I also heard that they aren’t looking for the cheapest deal, but the best of the best locations. Another fashion chain going after the twenty to thirty age brackets is Cusp, a division of Neiman Marcus, but with its recent acquisition we’ll see if their plans for a big roll out actually happen. Neiman Marcus also anticipates doubling the store count of Last Call, its discount division. If Nordstrom and Neiman Marcus open 200 to 300 more discount stores collectively within the next two or so years, then T.J. Maxx, Marshalls and Ross Dress for Less better step it up or they are going to get trampled. I think those three chains will have a similar problem to JCPenney in that they will be perceived as the store where your grandmother shops. Shoppers in the 35 and under age bracket also expect the stores that they shop to have presence on the Internet. Nordstrom and Neiman Marcus are masters at integrating online sales with brick and mortar for both their high-end and discount divisions, while T.J. Maxx just made its second attempt at ecommerce after a six-year hiatus and it has a long way to go to catch up with online sales. Nordstrom is embracing the web and recently started sourcing merchandise for its brick and mortar stores from Etsy, a web-only platform selling hand-made clothing, accessories, jewelry and home décor items. If you haven’t heard of Etsy, then you are really out of the loop or too old to care. The seven-year-old company is a web Page 4 | November 1, 2013
portal generating almost $1 billion in annual sales with 30 million customers worldwide. Another interesting tidbit that I learned was that the 35 and under age shopper was 30% more inclined to view fashions on the web before they bought on the floor of a brick and mortar store, but they were motivated to buy from the store’s sale floor because of a need for a touch and feel shopping experience. I’m hearing more and more developers complain that store sales will inevitably decline, because younger customers will use stores as a showroom and then go home to purchase online. My research showed the opposite for buying fashion online, the fashion retailers’ web presence actually was a driving factor that motivated younger shoppers to visit and buy from brick and mortar stores. The shopping center industry is a sector that historically doesn’t do well with change. However, as the younger generation slowly takes the reins, the integration of technology for research, marketing and communication with tenants, vendors and shoppers is becoming common place. I got an email from one of our subscribers expressing his delightful surprise that we have mobile apps for The Dealmakers. In the past, he would always have two of three issues to catch up on, but now with our mobile app that was no longer a problem. If you would like to read us on your Android or iPhone, go to our web site or search their respective app stores. Since my last column, I attended the ICSC Dealmaking in Chicago. The show was excellent and it was busy nonstop on day two. I talked to quite a few landlords with almost fully-leased portfolios and just as many developers that are moving dirt or plan to break ground next year. Brokerage firms were in full force; it was a sea of brokers. I heard complaints over and over that there isn’t any retail product to buy, but I’m hearing that from buyers all over the country. REITs are the only players that can compete with buying grocery-anchored centers. Now, acquisition guys in mid-tier size companies are as frustrated with finding centers for sale as leasing people were two years ago with trying to find a tenant. I had an interesting debate with two developers at the show about what tenant would be the best anchor for a site, either a specialty supermarket or T.J. Maxx. I said hands down the supermarket and one developer agreed with me, while the other argued that the specialty supermarket was more vulnerable to competition than T.J. Maxx. But we all did agree that a supermarket-anchored center would be much easier to sell and would most likely show a substantially higher return than with a soft goods anchor. After the convention, I went to the Retail Brokers Network party hosted by Keith Lord and I was feeling no pain when I caught my flight later that evening. It was a great way to wrap up the show. My hunch is that Atlanta will be another high energy Dealmaking. Stop by and see us in Atlanta at booth #308,
Ann O’Neal, Publisher
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WALMART ANCHORED RETAIL OPPORTUNITIES INLINE SPACE & OUTPARCELS AVAILA B L E TBD - NEW Charlotte, NC Neighborhood Market
VILLAGE AT REDBRIDGE Locust, NC Supercenter
SHOPPES AT RICHLAND Aiken, SC Supercenter
GLENN VIEW STATION Durham, NC Supercenter
GRANDVIEW STATION Marion, NC Supercenter
SHOPPES AT WHITE KNOLL Lexington, SC Supercenter
TBD - NEW Fayetteville, NC Supercenter
MORGANTON HEIGHTS Morganton, NC Supercenter, Belk, TJ Maxx, Ross
CHAMBLEE VILLAGE Chamblee, GA Supercenter
SHOPPES AT GOLDSBORO Goldboro, NC Supercenter
SHOPPES AT OXFORD Oxford, NC Supercenter
CENTRE AT LOVEJOY Lovejoy, GA Supercenter
HARDEE CROSSING Greenville, NC Supercenter
SHOPPES AT RAEFORD Raeford, NC Supercenter
HUDSON BRIDGE CROSSING Stockbridge, GA Supercenter
SHOPPES AT WESTGATE Leland, NC Supercenter
TBD - NEW Spout Springs Supercenter, NC
VISIT US AT THE SOUTHEAST ICSC AT BOOTH #1025 OR ONLINE AT WWW.WRSREALESTATE.COM
843.654.7888
www.wrsrealestate.com
buyers and sellers Progressive Real Estate Partners is selling Montclair Town Center, a 97,000 sq.ft. neighborhood shopping center located in Montclair, CA. The property is 80% occupied and anchored by 24 Hour Fitness, Dollar General and Burger King. The asking price is $16.2 million. The company is also selling a 66,389 sq.ft. Kmart located in Hesperia, CA. The tenant is bound to a lease expiring during November 2018 and featuring three, five-year options. The asking price is $5.975 million. The company is also selling a Family Dollar-anchored center in Rialto, CA for $3.29 million, as well as an 8,137 sq.ft. two story mixed-use building located along Riverside Drive in Chino, CA for $1.995 million. The company is also selling a Burger King in Highland, CA. The tenant is bound to a 10year lease. Area retailers include Walmart Supercenter, Ross Dress for Less and Dollar Tree. The asking price is $2.1 million. For more information, contact Progressive Real Estate Partners, 9471 Haven Avenue, Suite 110, Rancho Cucamonga, CA 91730; 909-230-4500, Fax 909-295-6333; Web site: www.progressiverep.com. Breslin Realty is selling an 11,000 sq.ft. retail building, with a 10,000 sq.ft. basement, situated on a land area of 27,704 sq.ft. at the intersection of Sunrise Highway and Norman Street in Lynbrook, NY. Area retail includes The Tile Shop, Shower Crafters, Sceptor Tours, Grace Charles Fashion and Leslies Pool Supply. The average daily traffic count is 55,000 vehicles along Sunrise Highway. For more information, contact Bill Deseve, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 233; Email: bdeseve@breslinrealty.com; Web site: www.breslinrealty.com.
Faris Lee Investments is selling a 2,225 sq.ft. Popeyes situated on 0.64 acres along East Pine Street in Tulsa, OK. The tenant is bound to a 15-year NNN lease featuring 10% rent escalations every five years. Area retailers include Sonic Drive-Thru, Cato, Subway, McDonald’s, Coldwell Banker and YMCA. The average daily traffic count is 37,700 vehicles. The asking price is $1.68 million with a Cap rate of 6.25%. The company is also selling a 6,465 sq.ft. Buffalo Wild Wings situated on 1.51 acres along Durand Avenue in Racine, WI. The tenant is bound to a 15-year NNN lease featuring 10% rent escalations every five years. Area retailers include Home Depot, Best Buy, Target, Bed Bath & Beyond, Dick’s Sporting Goods and Regency Mall, featuring Burlington Coat Factory, Sears and JCPenney. Area demographics include a population of 62,000 within a three-mile radius earning $58,000 as the average household income. The NOI is $120,00. The asking price is $2.182 million with a Cap rate of 5.5%. For more information, contact Faris Lee Investments; 949-221-1800; Web site: www.farislee.com. Orion Investment Real Estate is selling Desert Sky Station, located along Interstate 10 in Phoenix, AZ. Area retail includes Sears, Walmart, Lowe’s Home Improvement, Target, Dillards, IHOP and LA Fitness. The asking price is $3.185 million with a Cap rate of 8%. For more information, contact Andrew Harrison, Orion Investment Real Estate, 7135 East Camelback Road, Suite 202, Scottsdale, AZ 85251; 602-889-9379; Email: andrew.harrison@orionprop.com; Web site: www.orionprop.com.
Progressive Real Estate Partners is selling Montclair Town Center, a 97,000 sq.ft. shopping center in Montclair, CA. Page 6 | November 1, 2013
CBRE negotiated the sale of a portion of the Palm Valley Pavilions East. The sale was for 35,199 sq.ft. tenanted by Michaels and Starbucks. The project is part of a master planned 9,000-acre community located at the intersection of Litchfield Road and McDowell Road in Goodyear, AZ. At the time of sale, the property was 100% occupied and shadow-anchored by Target. For more information, contact Andrew Fosberg, Steve Fernandez and Joseph Compagno, CBRE, 2415 East Camelback Road, First Floor, Phoenix, AZ 85016; 602735-1723; Emails: andrew.fosberg@cbre.com and joe.compagno@cbre.com; Web site: www.cbre.com. Segal LaBate Commercial Real Estate is selling a retail property located along South Broad Street in Hamilton, NJ. Area retailers include Auto Zone and Taco Bell. The average daily traffic count is 14,457 vehicles. The asking price is $649,000. For more information, contact Anthony Conti, Segal LaBate Commercial Real Estate, 247 East Front Street, Trenton, NJ 08611; 609-394-7557 Ext. 116, Fax 609-394-6894; Email: antconti@verizon.net; Web site: www.segal-labate.com. KeyPoint Partners is selling Horizon Commons, a 103,935 sq.ft. shopping center located in Rocky Hill, CT. Kohl’s and Aldi anchor the center. For more information, contact Jonathan Aron, Robert Lemons or Aron Huntley, KeyPoint Partners, One Burlington Woods Drive, Burlington, MA 01803; 781-418-6225/6201/6231; Email: jaron@keypointpartners.com; Web site: www.keypointpartners.com. Sperry Van Ness, on behalf of a client, is seeking to acquire strip centers throughout the Washington, DC metropolitan area. Suitable properties are priced between $3 million and $10 million. For more information, contact Rich Vaaler, Sperry Van Ness, 209 Church Street Southeast, Leesburg, VA 20175; 703-4314513; Email: rich.vaaler@svn.com; Web site: www.svnma.com. Venture Commercial negotiated the sale of a 1.1-acre pad site located at the intersection of Interstate 35W and Basswood Boulevard in Ft. Worth, TX. The company represented the seller, Basswood Development, and McKinney Commercial Real Estate represented the buyer, Fast Taco, in the transaction. For more information, contact Sherry Yeaman, Venture Commercial, 8235 Douglas Avenue, Suite 720, Dallas, TX 75225; 214378-1212; Email: sherry@my2hq.com. (continued on page eight)
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SP OP RI EN NG I N 20 G 15
WILMINGTON NORTH CAROLINA’S NEWEST RETAIL dEVELOPMENT
Photo for representation purposes only
BAYSHORE COMMONS Wilmington, NC
TRAdE AREA 3 mile
5 miles
7 miles
Population
30,000
53,000
94,000
HIGHLIGHTS
Households
12,000
22,000
40,000
• New retail shopping center anchored by Super Wal-Mart
Median HH Inc. $63,000
$61,000
$55,000
• 60,000 square feet of retail space for lease • 1,200 to 20,000 SF bays available; parcel availability • 8100 block of Market Street; northeast New Hanover County • Located in the Porter’s Neck Community, an excellent zip code for high growth and income • Signalized intersection and high traffic counts
For leasing information, please contact David E. Harner, CCIM: 607 Briarwood Drive, Ste. 5, Myrtle Beach, SC 29572 Phone: 843-361-4433 • Fax: 843-361-4436 dharner@paramountdevcorp.com www.paramountdevcorp.com
TRAffIC COuNTS Market Street
40,000 VPD
US 17 Bypass
15,000 VPD
buyers and sellers (continued from page six)
Southpace is selling a 4,500 sq.ft. Verizon Wireless in Enterprise, AL. The tenant is bound to a seven-year lease featuring two, five-year options. Area retailers include Walmart, JCPenney, Big Lots, rue 21, Lowe’s Home Improvement and T.J. Maxx. Area demographics include a population of 54,340 within 10 miles earning $54,765 as the average household income. The NOI is $180,000. The asking price is $2.4 million with a Cap rate of 7.5%. The company is also selling an 80,000 sq.ft. building situated on 15.5 acres along U.S. Highway 278 Bypass in Piedmont, AL. The asking price is $4 million. The company is also selling a 9,000 sq.ft. Family Dollar store, situated on a 33,000 sq.ft. parcel, located along 1st Avenue North in Birmingham, AL. The average daily traffic count is 20,000 vehicles. The asking price is $550,000 with a Cap rate of 12.9%. For more information regarding the Enterprise property, contact Bryan Holt, Southpace; 205-326-2222; Email: bholt@southpace.com. For more information regarding the Piedmont property, contact David Ashford; Email: dashford@southpace.com. For more information regarding the Birmingham property, contact Jim Collins; Email: jcollins@southpace.com. Sabre Real Estate Group is selling a development site located along Jericho Turnpike in St. James, NY. For more information, contact Melissa Naeder, Sabre Real Estate Group, 500 Old Country Road, Garden City, NY 11507; 516-874-8070 Ext. 516; Email: melissa@sabreny.com; Web site: www.sabreny.com.
The Greysteel Co. is selling two Pizza Hut restaurants located along Urbana Pike in Frederick and along Ft. Meade Road in Laurel, MD. The NNN leases have more than eight years remaining on the initial term and feature three, five-year options. Area retailers for the Frederick Pizza Hut include Target, Home Depot, Staples, Michaels, Lowe’s Home Improvement, McDonald’s, Chick-fil-A, 7-Eleven and Scott Key Mall, featuring JCPenney, Macy’s, Sears and Value City Furniture. Area retailers for the Laurel location include Dollar Tree, CVS, Wendy’s, Subway, Starbucks and 7-Eleven. The average daily traffic counts are 18,321 vehicles and 110,222 vehicles respectively. The combined NOI is $163,521. The asking price for the two sites is $2.336 million with a Cap rate of 7%. For more information, contact Peter Snell, Harry Schuldinger, Rich Sillery and Mindi McClure, The Greysteel Co., 7735 Old Georgetown Road, Suite 301, Bethesda, MD 20814; 202-499-4079; Web site: www.greysteel.com. Goodman Real Estate Services Group, LLC is selling Heritage Place Shopping Center, a 19,800 sq.ft. shopping center located along U.S. Highway 31 in Montgomery, AL. Dollar General anchors the center and tenants include TK Fashions, Southlawn Beverage and PK Laundry. The NOI is $110,839 and the asking price is $1.231 million with a Cap rate of 9%. For more information, contact Kyle Hartung, Goodman Real Estate Services Group, LLC, 25333 Cedar Road, Suite 305, Cleveland, OH 44124; 216-381-8200, Fax 216-3818211; Email: kyle@goodmanrealestate.com; Web site: www.goodmanrealestate.com.
Goodman Real Estate Services Group, LLC is selling Heritage Place Shopping Center, a 19,800 sq.ft. shopping center in Montgomery, AL. Page 8 | November 1, 2013
Baum Realty Group is selling Shops of Oak Lawn, a 34,536 sq.ft. shopping center situated on 2.96 acres along West 95th Street in Oak Lawn, IL. The property is 88% occupied and tenants include Chipotle, H&R Block, Verizon Wireless, Coldwell Banker, Fidelity National Title and Jason’s Deli. Area retail includes Chicago Ridge Mall, featuring AMC Theatres, Kohl’s, Bed Bath & Beyond, Carson Pirie Scott and Sears. Area demographics include a population of 373,000 within five miles earning $70,000 as the average household income. The average daily traffic count is 45,100 vehicles. For more information, contact Greg Dietz, Danny Spitz or Benjamin Brichta, Baum Realty Group, 1030 West Chicago Avenue, Chicago, IL 60642; 312-275-3125; Email: greg.dietz@baumrealty.com; Web site: www.baumrealty.com. Capital Real Estate Ventures, Inc. is selling a Super Wash ‘n Dry located at the intersection of E Street and Garrett Avenue in Chula Vista, CA. The tenant is bound to a NNN lease featuring three, five-year options. Area retailers include McDonald’s, Taco Bell, 7-Eleven and Bank of America. Area demographics include a trade-area population of 243,000. The asking price is $1 million with a Cap rate of 6%. For more information, contact Justin Earley, Capital Real Estate Ventures, Inc., 815 J Street ,Suite 202, San Diego, CA 92101; 619-3988902; Email: jearley@capital-rev.com; Web site: www.capital-rev.com. HFF San Francisco is selling a 12,653 sq.ft. six-story retail site located along Grant Avenue in the Union Square section of San Francisco, CA. The property is 100% occupied and anchored by Tumi, which is bound to a 10-year NNN lease. For more information, contact Nicholas Bicardo, Mark Damiani or Peter Smyslowski, HFF San Francisco, 100 California Street, Suite 720, San Francisco, CA 94111-4512; 415-276-6923/6927/6950; Email: nbicardo@hfflp.com; Web site: www.hfflp.com. Cushman & Wakefield Retail Advisors is selling Altadena Lincoln Crossing, a 43,304 sq.ft. community shopping center situated on 1.28 acres in Altadena, CA. Super King Market anchors the center. The property is 100% occupied. For more information, contact Glenn Rudy or Pete Bethea, Cushman & Wakefield Retail Advisors; 949-930-9256/858-558-5630; Emails: glenn.rudy@cushwake.com and pete.bethea@cushwake.com. (continued on page thirteen)
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food chains expand nationwide The Habit Burger Grill operates 82 locations throughout AZ, CA and UT. The restaurants, offering burgers, sandwiches and salads, occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in endcaps of shopping centers and pad sites. Growth opportunities are sought throughout Antelope Valley, Santa Clarita and Ventura County, CA during the coming 18 months, with representation by Crissman Commercial Services. Preferred demographics include a population of 20,000 within a one-mile radius earning $65,000 as the median household income. The company will also consider sites with a drive-thru. For more information, contact Tim Crissman, Crissman Commercial Services, 24262 Walnut Street, Unit 1, Newhall, CA 91321; 661-295-9300, Fax 661-295-0527; Email: tcrissman@crissmancommercial.com; Web site: www.crissmancommercial.com. Apple American Group, LLC trades as Applebee’s at 340 locations throughout CA, DE, IN, MA, ME, MN, NH, NJ, NV, OH, PA, RI, VT, WA, WI and WV. The casual-dining restaurants occupy spaces of 5,000 sq.ft. in endcaps of shopping centers, as well as freestanding locations. Growth opportunities are sought throughout CA, CO, DE, ID, IN, MA, ME, MN, NH, NJ, NV, OH, OR, PA, RI, VT, WA, WI and WV during the coming 18 months. Typical leases run 20 years with four, five-year options. For more information, contact Patrick Eulberg, Apple American Group, LLC, 6200 Oak Tree Boulevard, Suite 250, Independence, OH 44131; 216-5252775 Ext. 1235, Fax 216-328-1956; Email: peulberg@appleamerican.com; Web site: www.appleamerican.com.
BareBurger operates 15 locations throughout NJ and NY. The restaurants, offering organic burgers, sandwiches and salads, occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout CT, NJ and Brooklyn, Long Island, Manhattan, Queens and Staten Island, NY during the coming 18 months, with representation by Sabre Real Estate Group. The company prefers locations with high visibility and dense traffic counts. For information regarding expansion plans throughout Brooklyn and Manhattan, NY, as well as NJ, contact Scott Sher, Sabre Real Estate Group, 500 Old Country Road, Garden City, NY 11507; 516-874-8070 Ext. 514; Email: scott@sabreny.com; Web site: www.sabreny.com. For information regarding expansion throughout Long Island and Queens, NY, contact Russel Helbling; Ext. 506; Email: russel@sabreny.com. For information regarding expansion throughout Westchester, Bronx and Staten Island, NY, as well as CT, contact Greg Batista; Ext. 515; Email: greg@sabreny.com. For additional information, contact Jayson Siano; Ext. 501; Email: jayson@sabreny.com. McDonald’s operates 30,000 locations nationwide. The fast food restaurants occupy spaces of 2,500 sq.ft. to 5,500 sq.ft. in corner locations. Growth opportunities are sought north of Interstate 70 in CO, and throughout WY during the coming 18 months. The company requires a land area of 30,000 sq.ft. to 40,000 sq.ft. For more information, contact Wendy Roth, McDonald’s - Rocky Mountain Region; 303-262-3779, Fax 303-382-4684; Email: wendy.roth@us.mcd.com; Web site: www.mcdonalds.com.
Ben & Jerry’s is seeking growth opportunities throughout select markets nationwide and internationally during the coming 18 months. Page 10 | November 1, 2013
Arby’s Restaurant Group trades as Arby’s at 1,100 locations nationwide. The fast food restaurants occupy spaces of 2,100 sq.ft. or 3,000 sq.ft. in inline spaces and endcaps of power centers, as well as malls, freestanding locations and urban/downtown centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 years. Major competitors include McDonald’s Wendy’s, Burger King and Chick-fil-A. Preferred cotenants include Walmart. Preferred demographics include a population of 20,000 within a five-minute drive-time earning $45,000 as the average household income. The company prefers a land area of 0.5 acres to 0.75 acres for freestanding locations and prefers site submittals via email. For more information, contact Department of Real Estate, Arby’s Restaurant Group, 1155 Perimeter Center West, Atlanta, GA 30338; Emails: tjackson@arbys.com and jhammers@arbys.com; Web site: www.arbys.com. Ben & Jerry’s Franchising, Inc. trades as Ben & Jerry’s at more than 600 locations nationwide, as well as internationally. The ice cream shops occupy spaces of 150 sq.ft. to 1,200 sq.ft. in entertainment, tourist and lifestyle centers, as well as urban/downtown areas. Growth opportunities are sought throughout select markets nationwide, and internationally during the coming 18 months. Typical leases run 10 years with options. A vanilla shell is required. Expansion is franchise driven. For all franchise opportunities, refer to the company’s website. For more information, contact Eric Thomas, Ben & Jerry’s Franchising, Inc., 30 Community Drive, Burlington, VT 05403, Fax 802-8461538; Email: real.estate@benjerry.com; Web site: www.benjerry.com. Quaker Steak & Lube operates 65 locations throughout CO, FL, IA, IL, IN, KY, MI, NC, ND, NJ, NY, PA, OH, SC, SD, TN, TX, VA, WI and WV, as well as in Ontario, Canada. The casual dining restaurants occupy spaces of 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout southeastern PA during the coming 18 months, with representation by Equity Retail Brokers. The company prefers to acquire sites and is franchising. For more information, contact Rob Samtmann or Brian Wherty, Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 610-6457700 Ext. 108, Fax 610-645-5454; Email: rsamtmann@equityretailbrokers.com; Web site: www.equityretailbrokers.com. DM Dealmakers Magazine | www.dealmakers.net
who’s opening and where Urban Outfitters, Inc. (215-454-5500) is planning to open a 16,556 sq.ft. Urban Outfitters store, located along Westwood Boulevard in Westwood Village, CA during fall 2014. The company, offering apparel, footwear and accessories for men and women, currently operates more than 1,400 locations nationwide and internationally, trading as Urban Outfitters, Anthropologie, Free People, BHLDN and Terrain. Dunkin’ Brands (781-737-3000), through a franchisee, is planning to open 18 Dunkin’ Donuts locations throughout North Orange County and Central Inland Empire, CA during 2015. The company, serving coffee, donuts and breakfast sandwiches, currently operates more than 10,000 locations, including more than 7,300 locations in the U.S., throughout 32 countries worldwide. Trader Joe’s Co. (626-599-3700) is planning to open a Trader Joe’s supermarket near Knox Street and Cole Avenue as well as a location at the intersection of Walnut Hill Lane and North Central Expressway in Dallas, TX during 2014. The chain, offering more than 3,000 items under its private label, currently operates nearly 400 specialty grocery stores throughout 35 states nationwide. Friends Sports Grill (706-216-2800) is planning to open a restaurant at the intersection of Hamilton Mill Road and Buford Highway in Buford, GA as well as a location in downtown Winder, GA during 2014. The company currently operates restaurants in Dacula, Dawsonville and Suwanee, GA. Focus Brands, Inc. (404-257-7040) is planning to open a Moe’s Southwestern Grill restaurant at the site of a former Relax the Back store, located at the intersection of Otis Street and Route 9 in Westboro, MA during 2014. It will be the company’s fourth location in the area.
Saks, Inc. (212-940-5305) is planning to open a new retail store concept called The Fifth Men in Chicago, IL. The bi-level store, slated to open during January 2014, will feature nine floor-to-ceiling display cases and caters to men’s lifestyle apparel. The company, offering merchandise for men, women and children, as well as jewelry, beauty items, shoes, handbags and sunglasses, currently operates more than 42 locations nationwide and trades as Saks Fifth Avenue and OFF Fifth.
The Bon-Ton Stores, Inc. (717-757-7660) is planning to open a 62,000 sq.ft. Bon-Ton department store at Cache Valley Mall in Logan, UT during the second half of 2014. The company will join JCPenney, T.J. Maxx, Aeropostale, American Eagle, Buckle, The Children’s Place, rue 21, Bath & Body Works and Justice at the mall. The chain of department stores, offering family apparel, footwear and accessories, currently operates more than 273 locations nationwide.
Wal-Mart Stores, Inc. (479-273-4000) is planning to open a 41,000 sq.ft. Walmart Neighborhood Market store, located along East Seventh Street in Joplin, MO during summer 2014. The company, offering general merchandise, groceries, health and beauty items and a pharmacy, trades as Walmart, Walmart Supercenter and Walmart Neighborhood Market and currently operates more than 9,000 locations nationwide and internationally, including 380 locations throughout Canada.
Whole Foods Market, Inc. (512-4774455) is planning to open a 29,000 sq.ft. Whole Foods supermarket at on the main floor of the Hahne department store building, located along Broad Street in Newark, NJ during 2016. The chain, offering organic and natural food items, currently operates more than 355 specialty supermarkets nationwide, as well as in Canada and the United Kingdom.
First Watch Restaurants, Inc. (941-9079800) is planning to open a 4,000 sq.ft. First Watch restaurant at the site of a former Chase Bank at Pharrs Village, located along Scenic Highway North in Snellville, GA during 2014. The company is also slated to open a restaurant at the intersection of Old Milton Parkway and North Point Parkway in Alpharetta, GA during 2014. Crooks & Castles (213-622-2891) is planning to open a 2,500 sq.ft. new concept retail store in the Fairfax neighborhood of Los Angeles, CA. The company offers apparel and accessories for men and women.
Meijer, Inc. (952-828-4000) is planning to open a Meijer supermarket at Grand Traverse Town Center, a 196,000 sq.ft. retail development located along Lautner Road in Traverse City, MI during 2015. The new location will feature a modern design with flat roofs, a garden center and a drive-thru pharmacy. Hobby Lobby Stores, Inc. (405-745-1100) is planning to open 60 Hobby Lobby stores during 2014. The company, offering seasonal items, home décor, art, craft and hobby supplies, as well as custom picture framing, currently operates 561 locations throughout the U.S., and also operates under the tradename Mardel. DM
American Girl, LLC (608-836-4848) is planning to open a 15,000 sq.ft. American Girl store at Florida Mall in Orlando, FL during 2014. The chain will join Zara and H&M at the location. The company, offering dolls and accessories, as well as apparel and books, operates 17 locations nationwide. Lowes Food, LLC (888-537-8646) is planning to open a 56,000 sq.ft. Lowes Food supermarket situated on eight acres at the intersection of Western Boulevard and Gum Branch Road in Jacksonville, FL during summer 2014. The company currently operates more than 100 locations throughout NC and SC. Dealmakers Magazine | www.dealmakers.net
American Girl is opening a 15,000 sq.ft. store at Florida Mall in Orlando, FL during 2014. November 1, 2013 | Page 11
supermarket chains expand nationwide (continued from page one)
Hy-Vee, Inc. trades as Hy-Vee Food Stores at 216 locations throughout IA, IL, KS, MN, MO, NE, SD and WI. The supermarkets, offering bakery, floral, pharmacy and catering departments, occupy spaces of 35,000 sq.ft. to 90,000 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. For more information, contact Pete Hosch, Hy-Vee, Inc., 5820 Westown Parkway, West Des Moines, IA 50266; 515-327-2147, Fax 515-267-2967; Web site: www.hy-vee.com.
Marsh Supermarkets, LLC trades as Marsh Supermarkets, O’Malia’s and Main Street Markets at 87 locations throughout IN and OH. The supermarkets, offering seafood, produce, floral and bakery departments, as well as a wine and spirits section, occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Brent Edstrom, Marsh Supermarkets, LLC, 9800 Crosspointe Boulevard, Indianapolis, IN 46256; 317-594-2100; Web site: www.marsh.net.
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Ralphs operates locations throughout southern CA. The supermarkets, featuring bakery, floral, deli, produce, seafood, pharmacy and wine and spirits departments, occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Strategic Retail Advisors. For more information, contact Blaine Bush, Strategic Retail Advisors, 3990 Westerly Place, Suite 230, Newport Beach, CA 92660; 949-640-6678 Ext. 18, Fax 949-748-8088; Email: blaine@strategicreatailadvisor.com; Web site: www.ralphs.com. DM
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Wakefern Food Corp. trades as PriceRite at 50 locations throughout CT, DE, MA, MD, NJ, NY, PA and RI. The supermarkets occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. in freestanding locations, strip centers and urban/ downtown areas. Growth opportunities are sough throughout VA during the coming 18 months. Typical leases run 10 years with six, five year options. Preferred cotenants include Target, Kohl’s, Bed Bath & Beyond, Home Depot, Lowes Home Improvement, T.J. Maxx and Aaron’s. Preferred demographics include a population of 70,000 within five miles earning $60,000 as the median household income. ShopRite operates more than 250 locations throughout CT, DE, MD, NJ and Long Island and the surrounding boroughs of New York, NY, as well as in PA. The supermarkets, offering bakery, deli, produce and seafood departments, occupy spaces of 65,000 sq.ft. to 85,000 sq.ft. in freestanding locations, neighborhood, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include junior and big box anchors. Preferred demographics include a population of 40,000 to 60,000 within three to five miles. A land area of seven acres is required for freestanding locations. For more information, contact Tish Daly, Wakefern Food Corp., 33 Northfield Avenue, Edison, NJ 08837-7812; 732-9065231; Email: tish.daly@wakefern.com; Web sites: www.priceritesupermarkets.com and www.shoprite.com.
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buyers and sellers (continued from page eight)
Namdar Realty Group recently acquired a 220,000 sq.ft. shopping center located along Dunn Avenue in Jacksonville, FL. At the time of acquisition, the property was 85% occupied and anchored by Winn Dixie and JCPenney. The company is also seeking to acquire shopping centers and single-tenant retailers throughout the northeastern, southeastern and Midwestern regions of the U.S. Suitable properties have a minimum GLA of 30,000 sq.ft. and are priced at $1 million or more. The company is also seeking to acquire retail sites throughout Long Island and the surrounding boroughs of New York, NY. For more information, contact Joel Gorjian, Namdar Realty Group, 150 Great Neck Road, Great Neck, NY 11021; 516-773-0010 Ext. 110; Email: joel@namdarllc.com; Web site: www.namdarrealtygroup.com. Jones Lang LaSalle is selling Shops at Shelby Crossing, a 234,350 sq.ft. power center situated on 53.11 acres along U.S. Highway 27 in Sebring, FL. The property is 87% occupied. Bed Bath & Beyond, Ross Dress for Less, Michaels, Marshalls, Gold’s Gym and Petco anchor the center. Tenants include Starbucks, Panera Bread and The Olive Garden. The average daily traffic count is 43,500 vehicles along U.S. Highway 27. For more information, contact Carson Good, Leila Hunter or Denny St. Romain, Jones Lang LaSalle; 407-982-8677/8624/954653-3235; Emails: carson.good@am.jll.com; leila.hunter@am.jll.com and denny.stromain@am.jll.com. Renaud Consulting is selling a six-acre parcel located along East Hirst Road in Purcellville, VA. Area demographics include a population of 73,287 within a 15-minute drive-time earning $115,774 as the average household income. For more information, contact Sam Chapman or Mark Fontaine, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 703-4042346; Emails: schapman@renaudconsulting.net and mfontaine@renaudconsulting.net; Web site: www.renaudconsulting.net. Colliers International Northeast Florida is selling three retail properties located along Edgewood Avenue, Melba Street and Post Street in Jacksonville, FL. The NOI is $69,044. The asking price is $750,000. For more information, contact Jason Ryals or Gary Montour, Colliers International Northeast Florida, 50 North Laura Street, Suite 1725, Jacksonville, FL 32202; 904-8611136/1116, Fax 904-353-4949; Web site: www.colliers.com/jacksonville. DM Dealmakers Magazine | www.dealmakers.net
lease signings S.L. Nusbaum Realty Group (757-282-6505) negotiated the following leases throughout Virginia Beach, VA: with Davita Dialysis for 6,500 sq.ft. at Holland Windsor Shopping Center, with the company representing the landlord in the transaction; with Chartreuse Interiors for 4,500 sq.ft. along Baltic Avenue, with the company representing the landlord and the tenant in the transaction; with Dragon Restaurant of VA, Inc. for a 2,400 sq.ft. restaurant at Regency Hilltop, with the company representing the landlord in the transaction; with Inside Out Boutique for 1,500 sq.ft. at Lynnhaven Crossing, with the company representing the landlord in the transaction and with Beach Gold Assay for 750 sq.ft. at Princess One Shopping Center, with the company representing the landlord in the transaction. The company also negotiated the following leases: with Beyond Bricks for 4,008 sq.ft. and with Bluegreenaqua for 2,529 sq.ft. at New Town in Williamsburg, VA, with the company representing the landlord in the Beyond Bricks transaction and with the company representing the landlord and tenant in the Bluegreenaqua transaction; with Little Italy for 2,420 sq.ft. at Jefferson Shoppes in Newport News, VA, with the company representing the landlord in the transaction and with Minute Loan Center for 1,800 sq.ft. along Concord Place in Wilmington, DE, with the company representing the tenant in the transaction. Jeffery Realty (908-668-9600) negotiated a lease with Autozone for a 0.5-acre parcel located along Stelton Road in Piscataway, NJ. The company also negotiated a lease with Regal Entertainment for 56,000 sq.ft. at The Point shopping center in Sayreville, NJ. Bennett Williams (717-843-5555) negotiated a lease with Sweet Treat of PA, LLC for a 1,700 sq.ft. Yofresh Yogurt Café at Newberry Pointe, located along Newberry Parkway in Etters, PA. Chad Stine and Brad Rohrbaugh represented the landlord and the tenant in the transaction. Divaris Real Estate, Inc. (757-497-2113) negotiated a lease with Chicken Rico Waldorf, Inc. for a 3,436 sq.ft. Super Chicken at Waldorf Shoppers World, located along Crain Highway in Waldorf, MD. Joseph Farina represented the tenant in the transaction. United Equities, Inc. (713-772-6262) negotiated a lease with Progreso Financiero for 1,050 sq.ft. at Webb Chapel Shopping Center, located along Webb Chapel Road in Dallas, TX. Bernadette Wise represented the landlord, Webbs Chapel Development Group, LLC, in the transaction.
Mid-America Asset Management, Inc. (630954-7300) negotiated the following leases throughout the Chicagoland area of IL: with Red Snapper for 1,800 sq.ft. at Dorchester Commons in the Hyde Park neighborhood, with Barb Kading representing the landlord in the transaction; with Firehouse Subs for 2,200 sq.ft. at The Fresh Market Center, located at the intersection of Roosevelt Road and Lambert Road in Glen Ellyn, with Samantha Spinell and Barb Kading representing the landlord in the transaction and with Zoup for 2,000 sq.ft. at Plaza del Prado in Glenview, with Marget Graham and Samantha Spinell representing the landlord in the transaction. Mid-America Real Estate – Wisconsin, LLC (414-273-4600) negotiated the following leases throughout WI: with Michaels for 25,000 sq.ft. along West Madison in Green Bay, with Dan Cohen and Kevin McLoughlin representing the tenant in the transaction and with Starbucks for 1,800 sq.ft. at Grand Plaza, located along College Avenue in Grand Chute, for 1,800 sq.ft. along Janesville Road in Muskego and for 1,800 sq.ft. at Prairie Lakes, located along Prairie Lakes Drive in Sun Prairie, with Tony Colvin representing the tenant in the transactions. Sansone Group (314-727-6664) negotiated a five-year lease with Bushwood Investments, LLC for a 1,283 sq.ft. Jimmy John’s Gourmet Sandwiches and a five-year lease with T-Mobile for 1,800 sq.ft. at La Frontera Village, located along Sundance Parkway in Round Rock, TX, with the company representing the landlord, Frontier Village, LP in the transactions. Charter Realty and Development (617623-4333) negotiated a lease with Planet Fitness for 20,000 sq.ft. at Springfield Plaza, a 550,000 sq.ft. shopping center, located along Liberty Street in Springfield, MA. The company also negotiated leases with The Royal India Café for 2,481 sq.ft., Firestone Tire and Firestone Complete Auto Care for 8,000 sq. ft., Noodles and Company for 5,000 sq.ft., Ideal Image for 3,000 sq.ft., Dollar Forever for 5,450 sq.ft. and The UPS Store for 1,114 sq.ft. at the White City Shopping Center located off of the Boston Turnpike in D Shrewsbury, MA. M
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November 1, 2013 | Page 13
real estate professionals making the news
Sabre Real Estate Group, LLC (516-8748070) hired Jessica Bianculli as senior associate at the firm’s Garden City, NY office. In her new role, Bianculli will focus on landlord and tenant representation in Long Island and the outer boroughs of New York, NY. Prior to joining the company, Bianculli served at Prudential Douglas Elliman in its commercial division. The company is a fullservice retail brokerage company focused on tenant and owner representation. Pine Tree Commercial Realty (847-7350600) hired Julie Zamudio as vice president of design and construction. Prior to joining the company, Zamudio served as lead manager of the multi-site group banking and retail sectors for Lend Lease Construction, Inc. at its Chicago, IL office. Spencer/Hines Properties (864-313-4815) hired Bobby Hines as broker in charge for the company’s Greenville, SC branch. Lane4 Property Group (816-960-1444) hired Hunter Harris as vice president of development and acquisitions. DM
sources of financing Meridian Capital Group, LLC negotiated $4.7 million in financing for a 25,000 sq.ft. retail center located along Birch Hill Road in Locust Valley, NY. The loan features a rate of 3% and a five-year term. The company, headquartered in New York, NY, provides financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties nationwide. For more information, contact Jonathan M. Stern, Meridian Capital Group, LLC, 1 Battery Park Plaza, 26th Floor, New York, NY 10004; 212-612-0181, Fax 212-201-5181; Email: jstern@meridiancapital.com; Web site: www.meridiancapital.com. AMERIFUND Commercial Corp. provides financing for single and multi-tenant retail properties guaranteed with an investment grade tenant. Financing is available for to-bebuilt and build-to-suit projects. For more information, contact Maury Gordon, AMERIFUND Commercial Corp., 41 Shepherds Drive, Scarsdale, NY 10583; 914-472-7315, Fax 914-472-8035; Email: mgordon@amerifundcorp.com; Web site: www.amerifundcorp.com. DM Page 16 | November 1, 2013
exclusives and leasing assignments Katz & Associates (845-735-6666) is representing the following retailers with their expansion plans: Pet Supermarket occupying spaces of 7,000 sq.ft. to 9,000 sq.ft. throughout AL, FL, NC, SC, TN and VA; PGA Tour Superstore using spaces of 50,000 sq.ft. throughout central and northern NJ; Planet Beach utilizing spaces of 1,800 sq.ft. to 2,000 sq.ft. throughout Broward and Palm Beach counties in FL; Retro Fitness in spaces of 11,000 sq.ft. to 16,000 sq.ft., Saks Fifth Avenue OFF 5th occupying spaces of 28,000 sq.ft.; Wireless World in spaces of 500 sq.ft. to 1,000 sq.ft. and Wolfgang Puck Pizzeria & Cucina in spaces of 4,000 sq.ft. nationwide; Salon Centric using spaces of 2,500 sq.ft. throughout NJ; SalonZ utilizing spaces of 5,500 sq.ft. to 7,500 sq.ft. throughout FL; Savers in spaces of 25,000 sq.ft. to 30,000 sq.ft. throughout the New York, NY metropolitan area; Second Cup using spaces of 1,200 sq.ft. to 1,800 sq.ft. throughout Broward, Charlotte, Collier, Lee and Palm Beach, FL; SEE occupying spaces of 1,200 sq.ft., Texas Roadhouse in spaces of 6,300 sq.ft. to 7,200 sq.ft. and The Pub using spaces of 6,000 sq.ft. to 7,000 sq.ft. throughout NC and SC; Studio Movie Grill utilizing spaces of 35,000 sq.ft. to 40,000 sq.ft. throughout GA, NC and SC; The Children’s Place occupying spaces of 3,200 sq.ft. to 4,000 sq.ft. throughout FL and Puerto Rico; The Taco Truck in spaces of 1,500 sq.ft. to 2,000 sq.ft. throughout NJ; Tilly’s utilizing spaces of 7,500 sq.ft. to 10,000 sq.ft. throughout MD, NJ, NY, PA, northern VA and Washington, DC; Torrid occupying spaces of 2,500 sq.ft. to 3,200 sq.ft. throughout FL, NC, western TN and SC; Twin Peaks in spaces of 6,000 sq.ft. to 8,000 sq.ft. from Bradenton to Naples in southwest FL; Ulta using spaces of 10,000 sq.ft. throughout FL, excluding Miami-Dade County; Uncle Julio’s occupying spaces of 8,500 sq.ft. to 10,000 sq.ft. throughout FL, Chicago, IL and the New York, NY metropolitan area and Versona Accessories in spaces of 8,000 sq.ft. throughout NC. Divaris Real Estate, Inc. (757-497-2113) is representing RC Theatres. The chains uses spaces of 75,000 sq.ft. to 100,000 sq.ft. with expansion opportunities sought throughout FL, MD, NJ, PA, OH and VA. The company is also representing Mighty Dollar with its expansion plans throughout NC and SC. The discount stores occupy spaces of 20,000 sq.ft. Retail Solutions (512-474-5557) is representing Hibachi Buffet with its expansion plans throughout TX. The restaurants utilize spaces of 8,000 sq.ft. to 15,000 sq.ft.
NAI Capital (818-742-1624) is representing the following retailers with their expansion plans throughout CA: Shoe Palace occupying spaces of 4,000 sq.ft., Sport Clips using spaces of 1,000 sq.ft. to 1,400 sq.ft. and Goodyear utilizing spaces of 5,500 sq.ft. to 6,000 sq.ft., preferring build-to-suit, throughout southern areas; Teriyaki Madness in spaces of 1,500 sq.ft. to 2,000 sq.ft. im endcaps of shopping centers throughout Inland Empire and Orange County and Burger City Grill occupying spaces of 1,400 sq.ft. to 2,600 sq.ft. in endcaps of shopping centers with a patio, as well as pad sites, throughout Los Angeles and North Orange County. The company is also representing Togo’s with its expansion plans throughout Los Angeles and Ventura counties, excluding downtown Los Angeles and west side areas in CA. The restaurants occupy spaces of 1,400 sq.ft. to 1,700 sq.ft. in neighborhood, lifestyle or entertainmentanchored centers. Preferred demographics include a population of 40,000 within a twomile radius earning $70,000 as the average household income. Edgemark Commercial Real Estate Services, LLC (630-572-5628) is representing Wing Zone with its expansion plans throughout DuPage County, IL. The restaurants occupy spaces of 900 sq.ft. to 1,400 sq.ft. Preferred demographics include a population of 40,000 within a three-mile radius. The company prefers to locate in secondgeneration spaces. Friedman Integrated Real Estate Solutions (248-848-4164) was appointed the exclusive management and leasing agent for more than 240,000 sq.ft. of retail and office space, including Northridge Commons, a 125,700 sq.ft. shopping center located along East Eight Mile Road in Livonia, MI. Rosano Partners (213-802-0222) is representing Warehouse Shoe Sale with its expansion throughout CA and Las Vegas, NV. The shoe stores occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in freestanding locations and corners of shopping centers. The company prefers to locate to heavilypopulated areas. Cassidy Turley (404-682-3381) is representing Sports Clips with its expansion D plans throughout MN. M
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lead sheet American Tire Depot Roger Neipris 16201 Commerce Way Cerritos, CA 90703 661-547-6986 Email: r.neipris@hotmail.com Web site: www.americantiredepot.com
Automotive The 53-unit chain operates locations throughout CA. The automotive and tire repair service centers occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. on pad sites or outparcels of shopping centers. Growth opportunities are sought throughout the San Francisco Bay area and from Sacramento to southern CA during the coming 18 months. Preferred demographics include a population of 50,000 within three miles earning $50,000 as the average household income.
Daniels Tire Service, Inc. dba Daniels Tire Service John Daniels 11850 East Slauson Avenue Santa Fe Springs, CA 90670 562-698-9401
Automotive The 15-unit chain operates locations throughout southern CA. The automotive and tire repair service centers occupy spaces of 7,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Realty Investors, Inc. dba Tire Choice Michael Glusman 7740 Montecito Place Delray Beach, FL 33446 561-865-9143, Fax 561-499-8101 Email: maglusman@aol.com
Automotive The 34-unit chain operates locations throughout FL. The automotive and tire repair service centers occupy spaces of 5,250 sq.ft. to 6,250 sq.ft. in various retail settings. Growth opportunities are sought throughout Broward and Palm Beach counties in FL during the coming 18 months. Preferred cotenants include Home Depot, Walmart and Target. Major competitors include Tire Kingdom and Bridgestone/Firestone. The company prefers ground leases or to acquire sites.
Pri-Mart Petroleum dba Pri-Mart Chris Marzke 1207 Broad Street St. Joseph, MI 49085 269-983-3942 Email: chrismarzke@gmail.com
Convenience The 13-unit chain operates locations throughout MI. The convenience stores, with gasoline facilities, occupy spaces of 2,500 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout IN and MI during the coming 18 months. Preferred cotenants include fast food restaurants. Preferred demographics include a population of 20,000 within three miles earning $40,000 as the average household income.
P & K, Inc. dba Splash Perfumes Jacob Pfeffer 11401 Northwest 12th Street, Suite 460 Miami, FL 33172 954-457-6099, Fax 305-731-2030 Email: jacob@splashperfumes.com Web site: www.splashperfumes.com
Cosmetics The three-unit operates locations in FL. The stores, offering discounted designer perfumes, occupy spaces of 600 sq.ft. to 1,000 sq.ft. in malls. Plans call for one to two openings throughout southern FL during the coming 18 months. Typical leases run three to five years.
Hy-Vee, Inc. dba Hy-Vee Drugstore Pete Hosch 5820 Westown Parkway West Des Moines, IA 50266 515-267-2800, Fax 515-559-2489 Web site: www.hy-vee.com
Drug Store The 22-unit chain operates locations throughout IA and NE. The drug stores occupy spaces of 15,000 sq.ft. in freestanding locations, power, specialty and strip centers. Growth opportunities are sought throughout IA, IL, KS, MN, MO, SD and WI during the coming 18 months.
Dealmakers Magazine | www.dealmakers.net
November 1, 2013 | Page 17
lead sheet Sav-Mor, Inc. dba Sav-Mor Pharmacy, Bertram Pharmacy, Toledo Pharmacy, Martinsville Pharmacy and The Pharmacie Shoppe David Falk 2245 West Mound Road Decatur, IL 62526 217-362-6226, Fax 217-362-6241
Drug Store The 13-unit chain operates locations throughout IL. The drug stores occupy spaces of 2,500 sq.ft. in downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years.
Value Drugs, Inc. dba Value Drugs Peter Pastorelli 17 Green Street Huntington, NY 11743 631-271-6663, Fax 631-271-5267
Drug Store The seven-unit chain operates locations throughout NY. The drug stores occupy spaces of 10,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout Long Island, Westchester and New York, NY during the coming 18 months.
AIO Wireless Paul Bartlett or John Radus c/o Edge Realty Partners 2 South Pointe Drive, Suite 140 Lake Forest, CA 92630 949-521-7400 Ext. 102/105 Emails: pbartlett@edge-re.com and jradus@edge-re.com Web site: www.edge-re.com
Electronics The chain operates locations throughout FL, GA and TX. The company offering wireless phones and related accessories and services, prefers to occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in strip or grocery anchored shopping centers. The company prefers second-generation spaces in highly visible locations. For information regarding expansion opportunities throughout Orange, Riverside and San Bernardino counties, as well as in Los Angeles County (areas south of Interstate 10), contact Paul Bartlett or John Radus. For information regarding expansion opportunities throughout Ventura County and Los Angeles County (areas north of Interstate 10), contact Matthew May or Patrick Salcido, May Realty Advisors, 818-528-3999; Email: matthew@mra.la.
MetroPCS Brian Bielatowicz c/o Lee & Associates Commercial Real Estate Services 25240 Hancock Avenue, Suite 100 Murrieta, CA 92562 951-445-4515 Email: bbielatowicz@lee-associates.com Web site: www.metropcs.com
Electronics The 125-unit chain operates locations nationwide. The stores, offering cellular phones and related services and accessories, occupy spaces of 900 sq.ft. to 1,500 sq.ft. in various retail settings. Plans call for 12 openings throughout Orange, Los Angeles, Inland Empire and San Diego counties in CA during the coming 18 months, with representation by Lee & Associates Commercial Real Estate. The company prefers locations in high profile retail setting featuring prominent signage.
Rogers Communications, Inc. dba Rogers, Fido and Chatr Wireless Nick Iozzo 1 Mt. Pleasant Road Toronto, Ontario, Canada M4Y 2Y5 416-935-6701 Email: nick.iozzo@rci.rogers.com Web site: www.rogers.com
Electronics The 1,003-unit chain operates locations throughout Canada. The stores, offering cellular phones, accessories and related services, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in regional malls, kiosks, street fronts, power centers and inline spaces of shopping centers. Plans call for 20 to 25 openings throughout Canada during the coming 18 months.
B & B Movie Theatres, LLC dba B & B Theatres Dennis McIntire PO Box 129, 2101 West Kansas Liberty, MO 64068 816-407-7469, Fax 816-407-9805 Email: dennis.mcintire@bbtheatres.com Web site: www.bbtheatres.com
Entertainment The 33-unit chain operates locations throughout FL, KS, MO, OK and TX. The movie theaters occupy spaces of 13,000 sq.ft. to 45,000 sq.ft. in freestanding locations, malls, entertainment and strip centers. Plans call for two to three openings throughout the Midwestern region of the U.S. during the coming 18 months. Typical leases run 20 years.
Page 18 | November 1, 2013
Dealmakers Magazine | www.dealmakers.net
lead sheet Total Woman Gym + Spa Kelly Feigum 4530 East Thousand Oak Boulevard, Suite 200 Westlake Village, CA 91362 805-379-0550 Email: kfeigum@totalwomanspa.com Web site: www.totalwomanspa.com
Fitness The 15-unit chain operates locations throughout CA. The full-service gym and day spa facilities occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in inline spaces of shopping centers. Growth opportunities are sought nationwide during the coming 18 months. Preferred cotenants include grocery stores and chains catering to a female customer. Expansion is franchise driven.
1-800 Flowers.com dba 1-800 Flowers Brian McGee One Old Country Road, Suite 500 Carle Place, NY 11514-1847 516-237-6000, Fax 516-237-4942 Email: bmcgee@1800flowers.com Web site: www.1800flowers.com
Florist The 150-unit chain operates locations throughout AZ, CA, FL, GA, MA, MI, NC, NJ, NY and TX. The florists occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in freestanding locations and strip centers. Plans call for 35 openings throughout the existing markets during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include supermarkets. Preferred demographics include a population of 75,000 within three miles earning $75,000 as the average household income. The company is franchising.
Marburn Stores, Inc. dba Marburn Curtains Ed Hund 13-A Division Street Fairview, NJ 07022 201-943-0222, Fax 201-945-4242 Web site: www.marburn.com
Home Furnishings The 21-unit chain operates locations throughout NJ and Long Island and Rockland County, NY and PA. The stores, offering window treatments and bedroom and bathroom items, occupy spaces of 6,500 sq.ft. to 7,500 sq.ft. in freestanding locations, power, specialty and strip centers. Growth opportunities are sought throughout NJ, NY and PA during the coming 18 months. Preferred cotenants include Home Depot, T.J. Maxx, Marshalls, HomeGoods, Lowes Home Improvement, Walmart and Pier 1 Imports.
Pet Supplies Plus Donna Capichano 17197 North Laural Park Drive, Suite 402 Livonia, MI 48152 866-477-7748 Email: dcapichano@petsuppliesplus.com Web site: www.petsuppliesplus.com
Pet Supplies The 281-unit chain operates locations nationwide throughout 23 states. The pet supply stores occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations, community and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. A vanilla shell and specific improvements are required. Preferred cotenants include Kohl’s, Target and supermarkets. Preferred demographics include a tradearea population of 75,000 earning $50,000 as the average household income.
Shiekh Shoes, Inc. dba Shiekh Shoes Gerardo Aguinis c/o The Zall Co. 4725 South Monaco Street, Suite 340 Denver, CO 80237 303-804-5656, Fax 303-804-9696 Email: gaguinis@zallcompany.com Web site: www.zallcompany.com
Shoes The 170-unit chain operates locations throughout AZ, CA, IL, MI, NM, NV, OR, TN, TX and WA. The stores, offering footwear, apparel and accessories, occupy spaces of 3,500 sq.ft. in enclosed malls. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by The Zall Co. Typical leases run 10 years.
World Class Footwear dba Battaglia and Battaglia Outdoors Barry Hanna 14951 South Dixie Highway Miami, FL 33176 800-994-7463/305-252-7463, Fax 305-252-7460 Web site: www.battagliashoe.com
Shoes The nine-unit chain operates locations throughout FL. The stores, offering footwear and accessories, occupy spaces of 1,700 sq.ft. to 8,000 sq.ft. in freestanding locations, malls and specialty centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Dealmakers Magazine | www.dealmakers.net
November 1, 2013 | Page 19
lead sheet Color Me Mine Enterprises, Inc. dba Color Me Mine Mike Mooslin 3722 San Fernando Road Glendale, CA 91204 818-291-5900 Email: sitescolormemine@gmail.com Web site: www.colormemine.com
Specialty The 136-unit chain operates locations nationwide and internationally. The stores, offering paint your own ceramics, occupy spaces of 1,100 sq.ft. to 1,600 sq.ft. in lifestyle centers and downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include book stores, movie theaters and restaurants. Expansion is franchise-driven.
McColla Enterprises, Ltd. dba Street Corner Peter LaColla 2945 Southwest Wanamaker Drive Topeka, KS 66614 785-290-1021, Fax 785-272-2384 Email: peter@streetcorner.com Web site: www.streetcorner.com
Specialty The 45-unit chain operates locations throughout AL, AZ, CA, CT, FL, KS, MN, MO, NC, NJ, NV, NY, OH, PA, RI, SC, TN and VA. The shops, offering snacks, beverages, magazines and convenience store items, occupy spaces of 150 sq.ft. to 1,500 sq.ft. in office buildings and street fronts. Growth opportunities are sought nationwide during the coming 18 months. The company is franchising.
Pacific Dental Services Phil Berry c/o Commercial West Brokerage 2443 East Coast Highway Corona Del Mar, CA 92625 949-723-7300, Fax 949-723-7301 Email: pberry@commercialwest.com Web site: www.commercialwest.com
Specialty The 275-unit chain operates locations throughout the southwest region of the U.S. The dental care facilities occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in endcaps and split pad sites of shopping centers. Growth opportunities are sought throughout Orange, Riverside and San Bernardino counties in CA during the coming 18 months, with representation by Commercial West Brokerage.
Perfumania, Inc. dba Perfumania Jason Richter 630 Third Avenue, Suite 602 New York, NY 10017 212-878-3727 Email: jrichter@perfumania.com
Specialty The 350-unit chain operates locations nationwide and in Puerto Rico. The stores offering fragrances, bath and body products, cosmetics and accessories, occupy spaces of 1,200 sq.ft. in various retail settings. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years.
Cabela’s Charlie Phelps c/o Paraclete Realty 111 Cameron Parke Place, Suite 100 Alexandria, VA 22304 301-536-7900 Email: charlie@paracleterealty.com Web site: www.paracleterealty.com
Sporting Goods The 47-unit chain operates locations nationwide and in Alberta, Manitoba and Saskatchewan, Canada. The stores, offering hunting, fishing, camping and related outdoor merchandise, occupy spaces of 100,000 sq.ft. in freestanding locations, power and specialty centers. Growth opportunities are sought throughout DE and VA during the coming 18 months, with representation by Paraclete Realty.
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 20 | November 1, 2013
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space place Alabama
Alabama
Alabama
Attalla – Anchi Plaza, an 18,000 sq.ft. center located along Gilbert Ferry Road, has six 1,000 sq.ft. spaces and five 1,200 sq.ft. spaces available. Walmart Supecenter shadow anchors the center. Birmingham – West Valley Plaza, a 23,600 sq.ft. center located along West Valley Avenue, has up to 6,000 sq.ft. of space available. Area demographics include a population of 303,169 within seven miles earning $59,389 as the average household income. Homewood – Edgemont Town Center, located at the intersection of Green Springs Highway and Oxmoor Road,
has inline spaces of 2,000 sq.ft. and 2,400 sq.ft. available, along with a 2,400 sq.ft. outparcel building. Area demographics include a population of 181,878 within 10 miles earning $54,177 as the average household income The average daily traffic count is 23,070 along Green Springs Highway. Midfield – Midfield Shopping Center, located at the intersection of Highway 11 and Aaron Aronov Drive, has a 1,000 sq.ft. space available, along with spaces from 10,000 sq.ft. to 67,000 sq.ft. Area demographics include a population of
135,175 within five miles earning $41,298 as the average household income. For more information regarding Anchi Plaza, contact Andrew Loveman, Southpace Properties, Inc., 300 North 21st Street, Suite 900, Birmingham, AL 35203; 205-3262222; Email: aloveman@southpace.com. For more information regarding West Valley Plaza, contact David Ashford, Email: dashford@southpace.com. For more information regarding Edgemont Town Center or Midfield Shopping Center, contact David Ashford or Andrew Loveman.
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WE NEED TO clOsE $100 MILLIon iN DEals by yEar’s END! anchored, shadow-anchored, rEO/Distressed, Note sales & short sales all desired. can close in 7 Days or less! WE WILL BE AT THE ICSC SouTHEAST ConfErEnCE , BooTH #527. CALL uS or EMAIL uS ToDAY To SETuP A MEETInG. Joe Dykstra Executive Vice President O: 310.820.5443 C: 310.890.6699 jdykstra@westfin.com
Scott Henard Vice President, Acquisitions O: 972.284.0925 C: 972.998.7373 shenard@westfin.com
11440 San Vicente Blvd, Ste 200 | Los Angeles, CA 90049 | www.westfin.com Page 22 | November 1, 2013
Birmingham – Midfield Shopping Center, a 166,180 sq.ft. center located at the intersection of Bessemer Highway and Aaron Aronov Drive, has a space of 45,000 sq.ft. available, which can be sub-divided. Cotenants include Piggly Wiggly and McDonald’s. Area demographics include a population of 140,000 within five miles earning $37,000 as the average household income. The average daily traffic count is 25,400 vehicles. Huntsville – Huntsville West Plaza, a 214,000 sq.ft. center located at the intersection of University Drive and Sparkman Drive, has spaces of 4,860 sq.ft. and 25,600 sq.ft. available. Cotenants include Aldi, Dollar General, Citi Trends, Barton’s, Advance Auto Parts and Papa John’s. Area demographics include a population of 225,000 within ten miles earning $62,000 as the average household income. The average daily traffic count is 70,000 vehicles. For more information, contact Donald Derman, The Brookhill Group, 501 Madison Avenue, New York, NY 10022; 212-753-3123, Fax 212-371-9515; Email: dderman@brookhillre.com. Huntsville – Winchester Plaza, a 75,700 sq.ft. center located at the intersection of Winchester Road and Homer Nance Road, has spaces of 88 sq.ft., 1,000 sq.ft. and 1,200 sq.ft. available, along with two spaces of 1,400 sq.ft. Cotenants include Publix, H&R Block, Allstate and McDonald’s. Area demographics include a population of 14,495 within three miles earning $92,557 as the average household income. Tuscaloosa – Shops of Lake Tuscaloosa, a 70,242 sq.ft. center located at the intersection of County Road 87 and Rice Mine Road, has four spaces of 1,300 sq.ft. available, along with a space of 6,500 sq.ft. Cotenants include Publix, Exxon and Hungry Howie’s Pizza. Area demographics include a population of 20,597 within three miles earning $91,075 as the average household income. For more information, contact Alex Dealmakers Magazine | www.dealmakers.net
space place Alabama
Connecticut
Delaware
Conner, Brixmor, 9101 International Drive, Suite 1600, Orlando, FL 32819; 407-9032922; Email: alex.conner@brixmor.com; Web site: www.brixmor.com.
lease or build to suit along New Britain Avenue. Area retailers include Sleepy’s, Famous Footwear, McDonald’s, Starbucks, Big Y and Applebee’s. Area demographics include a population of 163,704 within five miles earning $69,582 as the average household income. For more information, contact Ralph Calabrese or Tony Valenti, Calabrese Agency, 553 Plank Road, Waterbury, CT 06705; 203-573-0342, Fax 203-755-7962; Email: rlc@calabreseagency.com; Web site: www.calabreseagency.com.
Greenville – Powder Mill Square, a 58,296 sq.ft. mixed-use development located at the intersection of Route 52 and Route 141, has spaces from 1,465 sq.ft. to 4,225 sq.ft. available. Cotenants include Chico’s, Cosi, Brew Ha-Ha!, Houpette, Peter Kate and Oranges & Lemons Children’s Boutique. Area demographics include a population of 2,311 within one mile earning $219,363 as the average household income. The average daily traffic count is 26,500 vehicles.
Montgomery – Midtown Plaza, located at the intersection of Interstate 85 and Ann Street, has a former restaurant space of 2,000 sq.ft. available, along with a 2,800 sq.ft. space. Cotenants include Walmart Supercenter, Ross Dress for Less, Office Depot, Dollar Tree, Cato, Shoe Carnival, Radio Shack, Footlocker and Sally Beauty Supply. Area demographics include a population of 147,192 within five miles earning $51,159 as the average household income. For more information, contact David McClinton, McClinton & Co., Inc., 4165 Carmichael Road, Montgomery, AL 36106; 334-270-9653 Ext. 209; Email: mcclintond@mcclintonco.com; Web site: www.mcclintonco.com.
Arkansas Conway – Conway Market Place, a 35,200 sq.ft. strip center located at the intersection of Daveward Drive and Hogan Road, has a space of 1,200 sq.ft. available. Cotenants include Walmart, Dollar Tree, Cato, Rent-ACenter, Hallmark, TCBY Yogurt, Subway and Hibbett Sports. Area demographics include a population of 41,609 within three miles earning $67,479 as the average household income. The average daily traffic count is 29,000 vehicles. The asking rent is $13 psf. For more information, contact Robin Cannistraci, Curt Green & Co, PO Box 3379, Texarkana, TX 75504; 412-417-4178; Email: robinc@curtgreen.com.
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Community. Creativity. Relationships. Introducing New Holland Market, a community center anchored by the state’s first Kroger Marketplace currently under development in Gainesville, Georgia.
California Santee – Plaza de Cuyamaca, located at the intersection of Mission George Road and Cuyamaca Street, has spaces available. Cotenants include Petco, Fresh & Easy, Firestone, KFC and McDonald’s. Area demographics include a population of 96,772 within three miles earning $72,769 as the average household income. For more information, contact Brad Jones or Dave Hagglund, CBRE, Inc., 4365 Executive Drive, Suite 1600, San Diego, CA 92121; 858-546-4600, Fax 858-546-3985; Email: brad.jones@cbre.com; Web site: www.cbre.com.
Connecticut Plainville – Up to 80,000 sq.ft. of space, along with three pad sites, are available for ground Dealmakers Magazine | www.dealmakers.net
Gainesville, GA
•
Visit us at Booth 113 at the
Atlanta Metro Market
ICSC Southeast Conference October 29-30
CHoldings.com David Winburn
864.272.0088
Carolina Holdings. Connecting retailers with shoppers.
November 1, 2013 | Page 23
space place Delaware (continued from page twenty-three)
For more information regarding Powder Mill Square, contact Rob McGarrigle, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 154, Fax 610664-1976; Email: rmcgarrigle@stoltzusa. com; Web site: www.stoltzusa.com.
Florida Altamonte Springs – Oak Grove Shoppes, located at the intersection of State Road 434 and Jamestown Boulevard, has spaces from 744 sq.ft. to 21,818 sq.ft. available. Cotenants include Stein Mart, Fresh Market, Diamond Fitness and Subway. Area demographics include a population of 175,335 within five miles earning $67,078 as the average household income. The asking rent is $10 psf NNN. Orlando – Orlando Square, located at the intersection of Sand Lake Road and Orange Blossom Trail, has spaces from 1,150 sq.ft. to 1,767 sq.ft. available. Cotenants include Ross Dress for Less, Bealls Outlet, Michaels, Petco, ULTA, TGI Fridays, Panda Express, Chipotle and Office Depot. Area demographics include a population of 169,883 within five miles earning $48,223 as the average household income. For more information, contact James Mitchell, CBRE, Inc., 189 South Orange Avenue, Suite 1900, Orlando, FL 32801; 407-404-5024; Email: james.mitchell@cbre.com; Web site: www.cbre.com. Apollo Beach – Mirabay Village, located at the intersection of US Route 41 and Leisey Road, has spaces from 1,200 sq.ft. to 10,413 sq.ft. available. Cotenants include Sweetbay, Kimi’s Ice Cream & Sweets, Incognito Restaurant and H&R Block. Area demographics include a population of 23,283 within three miles earning $84,432 as the average household income. Lakeland – Wabash Shopping Center, located at the intersection of North Wabash Avenue and George Jenkins Boulevard, has spaces of 1,218 sq.ft., 8,190 sq.ft., 10,000 sq.ft and 16,906 sq.ft. available. Cotenants include Save-A-Lot, Mega Mercado, Subway and Metro PCS. Area demographics include a population of 117,731 within five miles earning $51,501 as the average household income. For more information, contact Ryan Derriman or Brian Bern, Franklin Street Real Estate, 500 North Westshore Boulevard, Suite 750, Tampa, FL 33609; 813-658-3359/3343, Fax 813-839-7330; Email: ryan.derriman@franklinst.com; Web site: www.franklinst.com. Page 24 | November 1, 2013
Florida
Florida
Boynton Beach – Whitworth Farms, an 88,424 sq.ft. center located at the intersection of Hagen Ranch Road and Flavor Pict Road, has spaces from 1,217 sq.ft. to 3,180 sq.ft. available. Cotenants include Publix, Brendy’s, Hair Cuttery and Allstate. Area demographics include a population of 154,808 within five miles earning $74,912 as the average household income. The average daily traffic count is 14,344 vehicles. Ft. Myers – Sanibel Beach Place, a 74,286 sq.ft. center located along Summerlin Road, has spaces of 1,400 sq.ft., 2,715 sq.ft. and 2,800 sq.ft. available. Cotenants include Publix, Gator Bites, Subway and The Bike Bistro. Area demographics include a population of 54,558 within five miles earning $79,912 as the average household income. For more information regarding Whitworth Farms, contact Kevin Buth, Global Realty and Management FL, Inc., 4125 88th Avenue, Sunrise, FL 33351; 321-696-4383, Fax 305535-6306; Web site: www.gfinvestments.com. For more information regarding Sanibel Beach Place, contact Tom Strauss, 239-8222-9978.
Area demographics include a population of 121,812 within five miles earning $65,942 as the average household income. The average daily traffic count is 78,000 vehicles. Punta Garda – Burnt Store, a 95,023 sq.ft. center located at the intersection of Tamiami Trail and Burnt Store Road, has spaces from 800 sq.ft. to 11,854 sq.ft. available. Cotenants include Publix, Home Depot, Dollar General, Mobil and Regions Bank. Area demographics include a population of 29,285 within five miles earning $64,034 as the average household income. For more information, contact Jenny Schuemann, Select Strategies Realty, 5770 Hoffner Avenue, Orlando, FL 32822; 954790-1514; Email: jschuemann@selectstrat.com; Web site: www.selectstrat.com.
Davie – A 2,000 sq.ft. freestanding building with a drive-thru is available at strip center along State Road 7. Area retailers include Pizza Hut, McDonald’s, Georgia Pig BBQ, Walgreens and Advance Auto Parts. Area demographics include a population of 109,327 within three miles earning $66,603 as the average household income. The average daily traffic count is 51,000 vehicles. Pinecrest – Pinecrest Plaza, located along South Dixie Highway, has spaces of 1,657 sq.ft. 1,982 sq.ft. and 2,894 sq.ft. available. Area retailers include Whole Foods Market, West Marine, CVS, Ethan Allen, IHOP, Best Buy and Supercuts. Area demographics include a population of 91,350 within three miles earning $121,435 as the average household income. For more information regarding the Davie property, contact Arthur Shifrin, Koniver Stern Group, 1665 Washington Avenue, Miami Beach, FL 33139; 305-532-6100 Ext. 230; Email: arthur@koniversterngroup.com; Web site: www.koniversterngroup.com. For more information regarding Pinecrest Plaza, contact Mickey Finkle, 305-532-6100 Ext. 245; Email: mickey@koniversterngroup.com. Ft. Myers – College Parkway, a 78,879 sq.ft. center located at the intersection of US Route 41 and College Parkway, has spaces of 2,511 sq.ft. and 6,000 sq.ft. available. Cotenants include Office Depot, Petland, Firehouse Subs, Mattress Giant, Pita Pit and 7-Eleven.
Jacksonville – Carrie Plaza, located at the intersection of San Jose Boulevard and Oak Bluff Lane, has a space of 1,850 sq.ft. available. Cotenants include Kinko’s, Smoothie Shack, Pet World, Verizon Wireless and Bad Hair Day. Area demographics include a population of 112,214 within five miles earning $78,383 as the average household income. The average daily traffic count is 53,500 vehicles. For more information, contact Ron Ward, Peter Sleiman Development Group, 10739 Deerwood Park Boulevard, Suite 300, Jacksonville, FL 32256; 904-367-5959, Fax 904-367-5958. Miami – Sunset West Shopping Center, a 75,000 sq.ft. center located at the intersection of 72nd Street and 87th Avenue, has a space of 2,000 sq.ft. available. Cotenants include Winn-Dixie, Subway, The UPS Store, Metro PCS and Chase Bank. Area demographics include a population of 403,749 within five miles earning $82,863 as the average household income. The asking rent is $28 psf. Pembroke Pines – Shoppes of Silver Lake, located at the intersection of Pines Boulevard and 184th Avenue, has spaces from 1,260 sq.ft. to 3,250 sq.ft. available. Area demographics include a population of 80,180 within three miles earning $105,383 as the average household income. The asking rent is $23 to $28 psf. For more information, contact Alexander Espinola, Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305-661-0110, Fax 305-661-7803; Email: aespinola@ima-realestate.com; Web site: www.ima-realestate.com. Miami – Ritz Carlton South Beach, located at the intersection of Lincoln Road and Dealmakers Magazine | www.dealmakers.net
space place Florida
Florida
Georgia
Collins Avenue, has street level spaces from 1,500 sq.ft. to 2,500 sq.ft. available. Area retailers include Starbucks, CVS, TD Bank and Walgreens. For more information, contact Sara Wolfe or Lyle Stern, Koniver Stern Group, 1665 Washington Avenue, Miami Beach, FL 33139; 305-532-6100; Email: sara@ koniversterngroup.com; Web site: www. koniversterngroup.com.
include a population of 88,429 within five miles earning $77,684 as the average household income. For more information, contact Carol Bauman, Southeast Commercial, PO Box 20002, Tampa, FL 33622; 813-992-9696; Email: cbauman@southeastcommercial.net; or Keith Bennett, Retail Site Development, LLC, 813-713-7600; Email: keith.bennett@retailsite.net.
For more information regarding Toys “R” US Plaza, contact Jeff Carpenter, Sandor Development, 5725 North Scottsdale Road, Suite C-195, Scottsdale, AZ 85250; 480385-1305; Email: jcarpenter@sandordev.com; Web site: www.sandordev.com. For more information regarding Oglesby Square, contact Toby Davis, 317-524-7808; Email: tdavis@sandordev.com.
Naples – Neapolitan Way, a 137,629 sq.ft. center located at the intersection of Tamiami Trail and US Highway 41, has spaces available. Cotenants include Publix, Walgreens, Earth Origins Market, Ooh-La-La!, FedEx Kinko’s and Pizza Hut. Area demographics include a population of 36,387 within three miles earning $125,946 as the average household income. For more information, contact Nikki Traff, Madison Marquette Retail Services, 561-8071004; Email: nikki.traff@madisonmarquette.com; Web site: www.madisonmarquette.com.
Wesley Chapel – Meadow Pointe, located at the intersection of County Line Road and Mansfield Boulevard, has a space of 1,712 sq.ft. available. Cotenants include Sweet & Savory, CVS and Perfect Haircut. Area demographics include a population of 84,095 within five miles earning $89,700 as the average household income. For more information, contact Kerri Atkins or Erica Nelson, RMC Property Group, 8902 North Dale Mabry Highway, Suite 200, Tampa, FL 33614; 813-960-8154 Ext. 264/314; Email: katkins@rmcpg.com; Web site: www.rmcpg.com.
North Miami Beach – A 234,026 sq.ft. center located at the intersection of 163rd Street and 35th Avenue, has outparcels available for ground lease or build to suit. Cotenants include Winn-Dixie, T.J. Maxx, Old Navy, Frank Theaters and Duffy’s Sports Grill. Area demographics include a population of 137,297 within three miles earning $75,733 as the average household income. For more information, contact Seth Layton, DeBartolo Development, 4401 West Kennedy Boulevard, 3rd Floor, Tampa, FL 33609; 813-676-8496; Email: slayton@debartolodevelopment.com; Web site: www.debartolodevelopment.com. Sarasota – Broadway Promenade, a 53,375 sq.ft. center located at the intersection of Tamiami Trail and 10th Street, has a space of 4,350 sq.ft. available. Cotenants include Publix, The UPS Store and Sunny Nails & Spa. Area demographics include a population of 126,763 within five miles earning $73,390 as the average household income. The average daily traffic count is 41,500 vehicles. For more information, contact Barbara Sacks, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888777-3557 Ext. 204, Fax 610-664-1976; Email: bsacks@stoltzusa.com; Web site: www.stoltzusa.com. Wesley Chapel – A freestanding building is available at the intersection of SR 54 and Interstate 75. Area retailers include Walgreens, Waffle House, Wendy’s, Burger King and Hess. Area demographics Dealmakers Magazine | www.dealmakers.net
Georgia Johns Creek – Market at Haynes Bridge, located along Old Alabama Road, has spaces from 1,200 sq.ft. to 2,350 sq.ft. available. Cotenants include J. Christophers, The Beer Growler, Bruster’s and Subway. Kennesaw – Town Center Commons, located along Ernest Barrett Parkway, has spaces of 1,040 sq.ft., 1,300 sq.ft. and 3,000 sq.ft. available. Cotenants include JC Penney Home Store, Five Below and Original Mattress Factory. For more information, contact Franklin Street Real Estate, 404-832-1250, Fax 404842-1755; Email: info@franklinst.com; Web site: www.franklinst.com. Kennesaw – Toys “R” Us Plaza, located along Roberts Court, has spaces of 1,363 sq.ft., 1,440 sq.ft., 1,470 sq.ft. and 2,840 sq.ft. available. Cotenants include Toys “R” Us, Impression Bridal, Metro PCS, Golden Krust Caribbean and H&N Caribbean Grocery. Area demographics include a population of 166,413 within five miles earning $81,213 as the average household income. Macon – Oglesby Square, located at the intersection of Eisenhower Parkway and Oglsesby Place, has spaces of 7,275 sq.ft. and 15,882 sq.ft. available. Cotenants include Pier 1 Imports, Morris Appliance and Cricket Wireless. Area demographics include a population of 91,286 within five miles earning $45,428 as the average household income. The average daily traffic count is 24,170 vehicles.
Savannah – Victory Square, a 119,939 sq.ft. center located at the intersection of Victory Drive and Skidaway Road, has a space of 1,800 sq.ft. available. Cotenants include Frank Theaters, Dollar Tree, Citi Trends, Staples, rue 21, Firestone, Dairy Queen, Krispy Kreme, Staples and Target. Area demographics include a population of 122,958 within five miles earning $50,913 as the average household income. Wilmington Island – Wilmington Island Shopping Center, an 87,818 sq.ft. center located at the intersection of Johnny Mercer Boulevard and Penn Waller Road, has spaces from 1,200 sq.ft. to 8,640 sq.ft. available. Cotenants include Kroger, H&R Block, The UPS Store, Beef O’Brady’s, McDonald’s and GNC. Area demographics include a population of 35,280 within five miles earning $89,393 as the average household income. For more information, contact Josh Durigan, Brixmor, 9101 International Drive, Suite 1600, Orlando, FL 32819; 407-9037939; Email: josh.durigan@brixmor.com; Web site: www.brixmor.com.
Illinois Aurora – A 101,544 sq.ft. center located along North Farnsworth Avenue, has spaces available. Cotenants include Family Dollar, Village Discount Outlet and Speedway. Area demographics include a population of 263,934 within five miles earning $74,900 as the average household income. The average daily traffic count is 23,400 vehicles. Chicago – A 4,000 sq.ft. space is available along West Lake Street. Area demographics include a population of 401,051 within three miles earning $107,802 as the average household income. The average daily traffic count is 8,700 vehicles. For more information regarding the Aurora property, contact Leo Solarte or Paul Tsakiris, First Western Properties, 1205 West Adams Street, Chicago, IL, 60607; 773-545-2000 Ext. 98/80, Fax 773-5454067; Email: paul@1stwesternproperties.com; Web site: www.1stwesternproperties.com. For more information regarding the Chicago (continued on page twenty-six)
November 1, 2013 | Page 25
space place Illinois (continued from page twenty-five)
property, contact Leo Solarte; leo@1stwesternproperties.com.
Email:
Chicago – Ravenswood, located at the intersection of Lawrence Road and Hermitage Road, has spaces from 710 sq.ft. to 860 sq.ft. available. Area retailers include Karina’s Boutique. The asking rent is $16 psf. For more information, contact Mike Klaskin, Garret Realty & Development, Inc., 2211 North Elston Avenue, Suite 308, Chicago, IL 60614; 773-880-1322 Ext. 19; Email: mklaskin@garrettrealtyinc.com; Web site: www.garrettrealtyinc.com. Chicago – A 628 sq.ft. space is available on the ground level, along with 1,000 sq.ft. of lower level space, along North Southport in the Lincoln Park section. For more information, contact Scott Fithian, The Lord Cos., LLC, 1033 West Van Buren Street, 7th Floor, Chicago, IL 60607; 773-4044314; Email: scott@lordcompanies.com. Plainfield – Heritage Meadows, a 33,381 sq.ft. center located at the intersection of
Illinois
Kansas
Route 59 and 119th Street, has spaces from 1,084 sq.ft. to 8,252 sq.ft. available. Area retailers include Kohl’s, Buffalo Wild Wings, Shell, Dunkin’ Donuts and Scott Trade. Area demographics include a population of 48,986 within three miles earning $141,267 as the average household income. The average daily traffic count is 37,200 vehicles. For more information, contact Christina Caton Kitchel, Caton Commercial Real Estate Group, 16106 Route 59, Unit102, Plainfield, IL 60586; 312-545-1035, Fax 815-439-3370; Email: christina@catoncommercial.com; Web site: www.catoncommercial.com.
bsaville@landmarkrealestate.net; Web site: www.landmarkrealestate.net.
Kansas Wichita – Regency Lakes, located at the intersection of K90 and Greenwon Road, has spaces from 7,000 sq.ft. to 10,000 sq.ft. available. Cotenants include Target, Cabela’s, Hobby Lobby, World Market and Hampton Inn. For more information, contact Brad Saville, Landmark Commercial Real Estate, 156 North Emporia Street, Wichita, KS 67202; 316-262-2442, Fax 316-262-2696; Email:
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Kentucky Lexington – North Park Marketplace, a 46,647 sq.ft. center located at the intersection of New Circle Road and Russell Cave Road, has spaces of 1,400 sq.ft. and 3,500 sq.ft. available. Cotenants include Staples, Radio Shack, Sally Beauty Supply, Domino’s Pizza, Dots and Game Stop. Area demographics include a population of 72,510 within three miles earning $30,592 as the median household income. The average daily traffic count is 46,845 vehicles. The asking rent is $16 psf NNN. Also – Stonewall Center, a 77,596 sq.ft. center located at the intersection of Clays Mill Road and Wellington Way, has spaces from 1,546 sq.ft. to 20,408 sq.ft. available. Cotenants include Rite Aid, People’s Exchange Bank, Domino’s and Goodwill. The average daily traffic count is 17,656 vehicles. The asking rent is $12.95 to $20 psf NNN. For more information regarding North Park Marketplace, contact Jim Holbrook or Jamie
Russell Malayery, CCIM Russell Malayery (CCIM, CIPS) is a Senior Investment Associate at Marcus & Millichap in Atlanta, Georgia with 25+ years of industry experience. He provides counsel for local, regional and international clients in acquisition and disposition, strategic planning, broker selection, portfolio analysis and risk reduction, value enhancement, and tax-deferred exchanges. Russell’s clients range from private to institutional investors, and his product specialties include retail properties, net leased properties, site-selection & land brokerage. Russell Malayery, CCIM, CIPS Marcus & Millichap 1100 Abernathy Road, N.E., Bldg. 500, Suite 600 Atlanta, GA 30328
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space place Kentucky
Massachusetts
Missouri
Adams, NAI Isaac Commercial Real Estate Services, 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859-422-4415/4413; Email: jholbrook@naiisaac.com; Web site: www.naiisaac.com. For more information regarding Stonewall Center, contact Al Isaac, 859-422-4400; Email: alisaac@naiisaac.com.
Area demographics include a population of 199,266 within five miles earning $86,157 as the average household income. The average daily traffic count is 40,000 vehicles. For more information, contact Thomas Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.
Valley Park – Shoppes at Seven Oaks, a 53,055 sq.ft. center located at the intersection of Dougherty Ferry Road and Big Bend Road, has spaces from 1,050 sq.ft. to 8,291 sq.ft. available. Cotenants include Corner Pub & Grill, Christian Brothers Automotive, Title Boxing Club and Oxygen Spa and Salon. Area demographics include a population of 160,183 within five miles earning $76,565 as the average household income. The average daily traffic count is 48,000 vehicles. The asking rent is $18 psf NNN. Winfield – Winfield Plaza, a 43,636 sq.ft. center located at the intersection of State Highway 47 and County Road, has spaces from 1,200 sq.ft. to 6,000 sq.ft. available. Cotenants include Hickman’s Grocery. Area demographics include a population of 5,690 within five miles earning $57,254 as the average household income. The average daily traffic count is 12,909 vehicles. The asking rent is $13 psf NNN. For more information, contact Jeff Eisenberg, Jeff Eisenberg & Associates, 314721-5611; Email: jeff@jeisenberg.com; Web site: www.jeisenberg.com.
Maryland District Heights – The Shops at District Heights, located at the intersection of Pennsylvania Avenue and Silver Hill Road, has spaces available. Cotenants include Giant, Dunkin’ Donuts, Jackson Hewitt and Panda Express. Area demographics include a population of 374,908 within five miles earning $61,896 as the average household income. For more information, contact Scotty Sellman, Kimco Realty, 3333 New Hyde Park Road, New Hyde Park, NY 11042; 410427-4416; Email: ssellman@kimcorealty.com. Easton – Talbottown Shopping Center, an 88,961 sq.ft. center located along North Washington Street, has spaces from 907 sq.ft. to 7,620 sq.ft. available. Cotenants include Chico’s, Talbots, Jos. A. Bank, Bountiful Home Furnishings, Colonial Jewelers and Miranda’s Shoes. Area demographics include a population of 38,124 within ten miles earning $97,170 as the average household income. The average daily traffic count is 15,000 vehicles. For more information, contact Rob McGarrigle, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 215-287-3188, Fax 610-664-1976; Email: rmcgarrigle@stoltzusa.com; Web site: www.stoltzusa.com.
Massachusetts Billerica – Shops at Billerica, a 298,441 sq.ft. center located at the intersection of Boston Road and Tower Farm Road, has spaces from 744 sq.ft. to 7,439 sq.ft. available. Cotenants include Kmart, Big Lots, Planet Fitness, Market Basket, Burlington Coat Factory, The Party Lab, Dollar Tree and Subway. Area demographics include a population of 532,856 within ten miles earning $122,970 as the average household income. The average daily traffic count is 23,100 vehicles. Lowell – Meadow Brook Center, a 271,377 sq.ft. center located at the intersection of Plain Street and Lowell Connector Street, has a 4,700 sq.ft. pad site available. Cotenants include Target, Sleepy’s, GNC, Hair Cuttery, Chuck E. Cheese, Marshalls, RentA-Center, Five Below, Dots and Best Fitness. Dealmakers Magazine | www.dealmakers.net
Medford – Wellington Circle Plaza, a 55,500 sq.ft. center located at the intersection of Mystic Valley Parkway/Route 16 and Fells Parkway/Route 28, has a space of 2,533 sq.ft. available. Cotenants include CVS, Chipotle, Men’s Wearhouse, Jenny Craig, Subway, Lens Crafters and Boston Market. Area demographics include a population of 361,588 within three miles earning $58,891 as the average household income. The average daily traffic count is 106,000 vehicles. For more information, contact Bierbrier Development, 420 Bedford Street, Lexington, MA 02420; 781863-1800, Fax 781-862-0613; Email: rdemartino@bierbrierdevelopment.com. Wilmington – Wilmington Crossing, located at the intersection of Main Street and Bridge Lane, has spaces of 1,087 sq.ft. and 1,200 sq.ft. available. Cotenants include Work Out World, Sleepy’s, Dollar Tree, Advance Auto Parts, Pink Melon, Starbucks, Verizon Wireless and Fantastic Sam’s. For more information, contact Michael Coffman, Coffman Realty, Inc., 1300 Belmont Street, Suite 302, Brockton, MA 02301; 508-588-0560, Fax 508-584-7687.
Mississippi Biloxi – Shoppes at Beauvoir, located at the intersection of Beauvoir Road and Pass Road, has a space of 2,800 sq.ft. available, which can be sub-divided. Cotenants include The UPS Store. Area demographics include a population of 45,395 within a ten minute drive time earning $51,134 as the average household income. Also – The Shoppes at Popps Ferry, located at the intersection of Pass Road and Popps Ferry Road, has a space of 7,810 sq.ft. available. Cotenants include Office Depot, McAlister’s Deli, Starbucks and Game Stop. Area demographics include a population of 45,395 within a ten minute drive time earning $51,134 as the average household income. For more information, contact Doug Molyneaux, COMVEST Properties, LLC, 228-594-3400, Fax 228-594-3401; Web site: www.comvest.net.
New Jersey Mays Landing – Festival at Hamilton, located at the intersection of Black Horse Pike and Harding Highway, has spaces from 1,200 sq.ft. to 2,500 sq.ft. available. Cotenants include Acme, Dunkin’ Donuts, Jo-Ann Fabrics, Pier 1 Imports, Pets Plus, Anytime Fitness and Mattress Giant. Area demographics include a population of 45,759 within five miles earning $75,777 as the average household income. The average daily traffic count is 41,000 vehicles. For more information, contact Nicole Johnson, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732-961-8123, Fax 732-886-1690; Email: njohnson@paramountrealty.com; Web site: www.paramountrealty.com. Norwood – Tower Plaza, an 18,000 sq.ft. center located along Livingston Street, has spaces of 2,000 sq.ft., 2,500 sq.ft. and 2,600 sq.ft. available, which can be combined. Cotenants include Dunkin’ Donuts, Asahi Sushi and Darian Floors. For more information, contact Howard Dean, H. Dean Properties, 914-631-3000; Web site: www.hdeanproperties.com. South Plainfield – South Plainfield Plaza, located along Hadley Road, has spaces of 1,800 sq.ft. and 3,220 sq.ft. available. (continued on page twenty-eight)
November 1, 2013 | Page 27
space place New Jersey (continued from page twenty-seven)
Cotenants include Red Robin, Quiznos and LA Fitness. Area demographics include a population of 341,474 within five miles earning $101,514 as the average household income. The average daily traffic count is 27,938 vehicles. The asking rent is $28 psf NNN. For more information, contact David Greenman or Brian Silbert, Silbert Realty & Management Co., Inc., 85A Division Avenue, Millington, NJ 07946; 908-6046900 Ext. 41/15, Fax 908-604-2030; Email:
New Jersey info@silbertrealestate.com; www.silbertrealestate.com.
New Jersey Web
site:
West Caldwell – West Caldwell Plaza, a 100,000 sq.ft. center located at the intersection of Passaic Avenue and Bloomfield Avenue, has a space of 1,580 sq.ft. available. Cotenants include T.J. Maxx, CVS, PetValu, Starbucks, Red Mango, Radio Shack, GNC, Hallmark, AT&T, Super Cuts, Manhattan Bagel and Muscle Maker Grill. Area demographics include a population of 178,630 within five miles earning $121,107 as the average
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household income. The average daily traffic count is 50,000 vehicles. For more information, contact Neal Richards, Vanguard Realty, Inc., 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15, Fax 973-966-0123; Email: nrichards@vanguardsite.com; Web site: www.vanguardsite.com.
New York Carle Place – The Shoppes at Carle Place, located at the intersection of Glen Cove Road and Westbury Avenue, has spaces available. Area retailers include Cannondale, Elements Lighting, Pier 1 Imports, Raymour & Flanigan, Eastern Mountain Sports, The Bedroom Source, Toys “R” US and Petco. Area demographics include a population of 433,500 within five miles earning $94,817 as the median household income. The average daily traffic count is 37,000 vehicles. The asking rent is $12.50 psf. For more information, contact Stu Fagen, Sabre Real Estate Group, Inc., 500 Old Country Road, Garden City, NY 11530; 516874-8070 Ext. 503; Email: stu@sabreny.com; Web site: www.sabreny.com. Saratoga – A center located at the intersection of Ballston Avenue and South Street, has spaces of 2,100 sq.ft. and 46,331 sq.ft. available. Cotenants include Price Chopper, Taft Furniture, Dollar Tree, Radio Shack, Total Tan and Mama Mia Pizza. Area demographics include a population of 50,106 within five miles earning $80,409 as the average household income. For more information, contact Dan Wechsler, Gibraltar Management Co., Inc., 150 White Plains Road, Tarrytown, NY 10591; 914-631-6200; Email: dan@gibraltarmgt.com; Web site: www.gibraltarmgt.com. Stony Point – Stony Ridge Plaza, a 21,212 sq.ft. center located at the intersection of Route 9W and Park Road, has spaces from 600 sq.ft. to 2,670 sq.ft. available. Cotenants include China King, Flamingo Pools and Ace Cleaners. Area demographics include a population of 346,286 within ten miles earning $109,208 as the average household income. The average daily traffic count is 13,800 vehicles. For more information, contact Thomas Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com. Dealmakers Magazine | www.dealmakers.net
space place North Carolina
Pennsylvania
Pennsylvania
Asheville – Westgate Shopping Center has spaces of 1,230 sq.ft., 1,300 sq.ft., 1,880 sq.ft. and 4,920 sq.ft. available. Cotenants include Earth Fare Grocery, Jason’s Deli, CVS, Great Clips, TCBY and Plato’s Closet. For more information, contact Wes Reinhardt, FIRC Group, NCInc., 46 Haywood Street, Suite 340, Asheville, NC 28801; 828-252-0218; Email: wreinhardt@fircgroup.com; Web site: www.fircgroup.com.
McDonald’s, Wendy’s and Walgreens. Area demographics include a population of 78,652 within five miles earning $56,672 as the average household income. The average daily traffic count is 30,000 vehicles. For more information, contact Kevin Potter, Rhino Realty Group, Inc., 2645A Carnegie Road, York, PA 17402; 717-650-6729; Web site: www.rhinorealtygroup.com.
Maxx, Party City, Shoe Carnival, PetSmart, Jo-Ann Fabrics, H&R Block, The UPS Store, Little Caesar’s and Crown Fried Chicken. For more information, contact Howard Dean, H. Dean Properties, LLC, 150 White Plains Road, Suite 300, Tarrytown, NY 10591; 914-631-3000, Fax 914-631-0363; Web site: www.hdeanproperties.com.
Chapel Hill – Timberlyne Shopping Center, located along Weaver Dairy Road, has spaces available. Cotenants include Food Lion and Rite Aid. Durham – Parkway Plaza, located along University Drive, has spaces available. Area retailers include Sam’s Club and Target. For more information, contact Vijah Shah, TradeMark Properties, 919-645-1425; Email: vshah@trademarkproperties.com.
Pennsylvania Altoona – A retail pad site is available along East Plank Road. Area retailers include Sheetz,
Philadelphia – A 12,000 sq.ft. divisible ground level space is available at the intersection of Fairmount Avenue and Ridge Avenue. Area retailers include Osteria, Alla Spina, Philly Flavors, Rite Aid and Stephen Starr Events. Area demographics include a trade-area population of 57,128 within one mile earning $62,021 as the average household income. For more information, contact Bruno Pouget or Douglas Green, Michael Salove Co., 215-568-2600 Ext. 727/718; Emails: bpouget@salove.com and dgreen@salove.com. Williamsport – T.J. Maxx Plaza, located along East Third Street, has spaces from 800 sq.ft. to 4,200 sq.ft. available. Cotenants include T.J.
South Carolina Kingstree – Kingstree Commons, located at the intersection of Longstreet Street and Gee Street, has a space of 1,330 sq.ft. available. Cotenants include AutoZone and Mr. Hibachi. Area demographics include a population of 10,573 within five miles earning $38,977 as the average household income. The average daily traffic count is 11,600 vehicles. The asking rent is $14 psf. For more information, contact Phil Rose, Twin Rivers Capital, LLC, 125 G Wappoo Creek Drive, Charleston, SC 29412; 843722-9925; Email: phil@twinriverscap.com; Web site: www.twinriverscap.com. (continued on page thirty)
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November 1, 2013 | Page 29
space place Virginia (continued from page twenty-nine)
Chesapeake – Indian River Shopping Center, located at the intersection of Indian River Road and South Military Highway, has spaces available, along with an outparcel with a freestanding building and a drivethru. Cotenants include Family Dollar and Advance Auto. Area demographics include a population of 278,452 within five miles earning $59,424 as the average household income. Hampton – Langley Square Shopping Center, a 120,646 sq.ft. center located along West Mercury Boulevard, has spaces of 2,250 sq.ft. to 1,210 sq.ft. available. Cotenants include Food Lion, Rent-A-Center and Teppanyaki Grill Buffet. Virginia Beach – Holland Plaza Shopping Center, a 155,000 sq.ft. center located at the intersection of Holland Road and South Plaza Trail, has spaces from 504 sq.ft. to 25,600 sq.ft. available. Area demographics include a population of 275,160 within five miles earning $56,640 as the average household income. For more information regarding Indian River Shopping Center, contact John Katsias or Rob Wright, The Katsias Co., 2901 South
Virginia
Virginia
Lynnhaven Road, Suite 340, Virginia Beach, VA 23452; 757-490-3585, Fax 757-4903676; Email: john@katsias.com; Web site: www.katsias.com. For more information regarding Langley Square Shopping Center or Holland Plaza Shopping Center, contact John Katsias.
Rugged Warehouse, PetSmart, Dollar Tree, Subway, Sonic and Sally Beauty Supply. Area demographics include a population of 54,827 within three miles earning $102,842 as the average household income. For more information, contact Dan Zelson, Charter Realty & Development, 183 Main Street, Westport, CT 06880; 203-227-2922; Email: dan@chartweb.com; Web site: www.chartweb.com.
Middleburg – A space of 2,480 sq.ft. is available along East Washington Street. Area demographics include a population of 22,136 within a fifteen minute drive time earning $116,896 as the average household income. For more information, contact Mark Fontaine or Sam Chapman, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 571-765-4412/703-404-2346; Email: mfontaine@renaudconsulting.com; Web site: www.renaudconsulting.com. Richmond – Chesterfield Marketplace, a 199,391 sq.ft. center located at the intersection of Carmia Way and Midlothian Turnpike, has spaces up to 40,000 sq.ft. available. Cotenants include Home Depot, Staples,
Richmond – Irongate Village Shopping Center, a 57,830 sq.ft. center located along Iron Bridge Road, has a space of 4,400 sq.ft. available. Cotenants include Food Lion, Rite Aid, Sally Beauty Supply and Belle Italia. Area demographics include a population of 56,938 within three miles earning $58,636 as the median household income. The average daily traffic count is 31,300 vehicles. For more information, contact Jeff Doxey, Harrison Hall or Peter Vick, NAI Eagle, 2250 Old Brick Road, Suite 240, Glen Allen, VA 23060; 804-217-6904/6903/6905; Email: jeffdoxey@naieagle.com; Web site: www.naieagle.com. DM
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