Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XLII
November 5, 2010
Home-Related Chains Expand Nationwide Factory Mattress Direct operates 12 locations throughout TX. The mattress stores occupy spaces of 4,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run ten years with options. A vanilla shell is required. Preferred demographics include a population of 20,000 within five miles earning $60,000 as the average household income. For more information, contact Steve Frey, Factory Mattress Direct, 8409 North Lamar Boulevard, Austin, TX 78753; 512-834-6464, Fax 512-8348952; Email: stephenaustinfrey@yahoo.com; Web site: www.factorymattresssales.com. La-Z-Boy, Inc. trades as La-Z-Boy at 300 locations nationwide and throughout Canada. The home furnishings stores occupy spaces of 15,000 sq.ft. in freestanding locations and endcaps of lifestyle and power centers. Plans call for 12 openings throughout the existing markets during the coming 18 months. Typical leases run 10 to 15 years. Specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Home Depot, Lowe’s Home Improvement, Target and Best Buy. Preferred demographics include a population of 200,000 within 15 miles earning $65,000 as the average household income. For more information, contact David Baratta, La-Z-Boy, Inc., 1284 North Telegraph Road, Monroe, MI 48162; 734-242-1444, Fax 734457-2448; Email: david.baratta@la-z-boy.com; Web site: www.la-z-boy.com.
Pier 1 Imports operates 1,048 locations nationwide and throughout Canada. The stores, offering home furnishings, including candles, fragrances, rugs, pillows, gifts, home accents and seasonal items, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations, pad sites and endcaps of power centers. Plans call for 100 openings throughout the existing markets during the coming three years. Typical leases run 10 years with three, five-year options. Preferred cotenants include Barnes & Noble, upscale grocery stores, drug stores and women’s apparel and home-related retailers. Preferred demographics include a population of 100,000 within 15 miles earning $60,000 as the average household income. For more information, contact Todd Boysen, Pier 1 Imports, 100 Pier 1 Place, Suite 1, Ft. Worth, TX 76102-2600; 817-252-8000, Fax 817-252-7818; Email: taboysen@pier1.com; Web site: www.pier1.com. Treadwell Management Group Ltd. trades as Rent One Plus at 10 locations throughout NH. The home furnishings stores occupy spaces of 1,900 sq.ft. in freestanding locations, malls, strip centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Evan MacDonald, Treadwell Management Group Ltd., 27 Harvey Road, Bedford, NH 03110; 603645-4910, Fax 603-645-5210. (continued on page nine)
This issue contains information on:
* Retailers operating 17,756 locations with plans to open 1,717 sites * Real estate valued in excess of $142.1 million to be bought, sold & financed * Leasing activity on over 3.7 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Pre-Show ICSC Texas Conference New Construction Volk Co. Commercial Real Estate is preleasing a project in Pima County, AZ............... Pg. 3 Openings Buddy’s Home Furnishings to open 20 locations nationwide Pg. 4 Flip Flop Shops, Inc. plans to open at least 200 stores during the next several years............ Pg. 7 Buyers & Sellers BH Properties, LLC looks to acquire unanchored strip centers throughout AZ, CA, NV and TX............................ Pg. 5 Food Retailers Expand Chao Praya Chinese Eatery seeking locations nationwide for various concepts............... Pg. 6 Exclusives Cypress Retail Group represents several retailers throughout select markets in CA......................................... Pg. 8 Lease Signings Pine Tree Commercial negotiated a lease with A.J. Wright for 25,000 sq.ft. in Cleveland Heights, OH......... Pg. 8 In the News Grosvenor Americas hired Scott A. Brody as vice president, investments........... Pg. 9 Lead Sheet Jo-Ann Stores, Inc. seeking locations nationwide............. Pg. 11 Relax the Back to open stores nationwide............................ Pg. 14 Space Place........................... Pg. 16
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