Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XLII
November 4, 2011
Home-Related Chains Expand Nationwide Northern Tool & Equipment Co., Inc. trades as Northern Tool & Equipment at 70 locations throughout FL, GA, IA, KS, MN, NC, ND, OK, SC, TN, TX, VA and WI. The stores, offering air, hand and power tools, as well as related products, occupy spaces of 15,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout AL, AR, CO, FL, GA, IA, IL, IN, KS, KY, MN, MO, NC, ND, NE, NM, OK, TX, VA and WI during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 350,000 within 30 miles earning $48,000 to $80,000 as the average household income. A land area of two acres is required for freestanding locations. For more information, contact Brent Obert, Northern Tool & Equipment Co., Inc., 2800 Southcross Drive West, Burnsville, MN 55306; 952-808-6629, Fax 952-641-2503; Email: brent.obert@northerntool.com; Web site: www.northerntool.com. PPG Industries trades as Pittsburgh Plate Glass at more than 400 locations nationwide and internationally. The company prefers to occupy spaces of 2,500 sq.ft. to 6,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months. The company is site-selective. For more information, contact Mike Calleja, PPG Industries, 400 South 13th Street, Louisville, KY 40201; 502-588-9712, Fax 502-588-9360; Email: mike.calleja@ppg.com.
Harbor Freight Tools operates more than 350 locations nationwide. The stores, offering power, air and hand tools; automotive and motorcycle parts and household, lawn and garden products, occupy spaces of 15,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. For more information, contact Jay Cohen, L3 Corp., 12655 Olive Boulevard, Suite 220, St. Louis, MO 63141; 314-469-7400, Fax 314576-9768; Email: jay@l3corp.net; Web site: www.l3corp.net. Tuesday Morning operates more than 800 locations nationwide. The stores, offering upscale household items at discount prices, including rugs, lamps, books, luggage, toys, bedroom and bathroom accessories, stationery, women’s accessories, dinnerware, fine art and frames and seasonal decorations, occupy spaces of 8,000 sq.ft. to 18,000 sq.ft. in inline spaces of shopping centers. Growth opportunities are sought throughout southern NJ and eastern PA during the coming 18 months, with representation by Equity Retail Brokers. For more information, contact Rob Samtmann or Brian Wherty, Equity Retail Brokers, 101 West Elm Street, Suite 370, 610-645-7700 Ext. 108/122, Fax 610-645-5454; Email: rsamtmann@equityretailbrokers.com; Web site: www.equityretailbrokers.com. (continued on page nine)
This issue contains information on:
* Retailers operating 35,589 locations with plans to open 2,539 sites * Real estate valued in excess of $170.2 million to be bought, sold & financed * Leasing activity on over 7.9 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Texas Conference New Construction Kitchell Development Co. is developing a 200,000 sq.ft. mixed-use center in Austin, TX......................................... Pg. 3 Observations & Conversations Pg. 4 Buyers and Sellers CB Richard Ellis, Inc. is selling a 95,421 sq.ft. center in Ontario, CA....................... Pg. 5 Profile|99 Cents Only Stores Pg. 6 Openings Nordstrom, Inc. to open six Nordstrom Rack stores next year....................................... Pg. 7 Food Retailers Expand Five Guys Famous Burgers and Fries seeking sites in MA, ME, NH and RI...................... Pg. 8 In the News Au Bon Pain, Inc. hired Bill Miller as vice president of real estate for the New York, NY market................................... Pg. 9 Exclusives Jones Lang LaSalle named leasing and management agent for a 750,000 sq.ft. regional center in Yorkville, IL........................................... Pg. 11 Lease Signings Whitestone REIT inks deal with Ross Dress for Less in Windcrest, TX........................ Pg. 12 Lead Sheet Cash America Pawn continues growth in TX market.............. Pg. 16 The Container Store plans to expand nationwide................ Pg. 16 Sources of Financing Holliday Fenoglio Fowler, LP arranged financing for properties in CA and TX........ Pg. 18 Space Place........................... Pg. 18
For more news go to: www.dealmakers.net Mobile Access Code: texasconf2011