Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XLII
November 14, 2014
FEATURING APPAREL CHAINS EXPAND NATIONWIDE Dots and Simply Fashions operate 255 locations throughout AL, AR, CT, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA and Washington, DC. The stores, offering women’s apparel and accessories, occupy spaces of 3,000 sq.ft. to 4,500 sq.ft. in various retail settings. Growth opportunities are sought throughout NC and SC during the coming 18 months, with representation by Divaris Real Estate, Inc. For more information, contact Diana Teitsma, Divaris Real Estate, Inc., 2101 Rexford Road, Suite 330E, Charlotte, NC 28211; 704-442-1988, Fax 704-442-1717; Email: dteitsma@divaris.com. Swim N’Sport Retail, Inc. trades as Swim N’Sport at 35 locations throughout AZ, CO, FL, GA, LA, MA, MD, NC, NJ, OH, PA, TX and VA. The stores, offering women’s designer swimwear, occupy spaces of 1,400 sq.ft. to 1,700 sq.ft. in regional malls, outlet, specialty and value centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include upscale retailers. Major competitors include department stores. For more information, contact Mark Sidle, Swim N’Sport Retail, Inc., 2396 Northwest 96th Avenue, Doral, FL 33172; 305-593-5071, 305593-2669; Web site: www.swimnsport.com.
City Gear and The Vault operate 125 locations throughout AL, AR, FL, GA, IN, KY, LA, MO, MS, OH, OK, TN and TX. The stores, offering urban apparel, footwear and accessories, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in enclosed malls and community, lifestyle and neighborhood shopping centers. Plans call for 15 openings annually throughout the existing markets for the City Gear concept, with representation by Results Realty, LLC. Typical leases run five years. For more information, contact Ron Devine, Results Realty, LLC, 5803 Lee Highway, Suite 103, Chattanooga, TN 37421; 423-855-1555; Email: resultsrealtyre@comcast.net. Zingara operates five locations throughout FL and 20 locations in Mexico and the Caribbean. The stores, offering high-end swimwear and accessories, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in regional malls, tourist centers and urban/downtown areas. Plans call for nine openings throughout CA, FL and Las Vegas, NV during the coming 18 months, with representation by Stokas Bieri Real Estate. Typical leases run 10 years. Preferred cotenants include upscale women’s apparel retailers. For more information, contact Jim Bieri, Stokas Bieri Real Estate, 660 Woodward Avenue, Suite 1500, Detroit, MI 48226; 313-962-2800, Fax 313-962-5070; Email: jbieri@sbre1.com; Web sites: www.sbre1.com and www.zingarastore.com. (continued on page twelve)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 32,672 locations with plans to open 2,482 sites • Real estate valued in excess of $549 million to be bought, sold & financed • Leasing activity on over 4.9 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
ICSC TEXAS CONFERENCE New Construction River Oaks Properties preleasing shopping centers in TX............... Pg. 3 Observations and Conversations Pg. 4 Buyers and Sellers Marcus & Millichap markets shopping centers in southern TX. Pg. 5 Jones Lang LaSalle lists Krogeranchored center in TX................ Pg. 5 Food Chains Expand James Original Coney Island eyes new locations in TX............ Pg. 6 State of the Industry................... Pg. 7 Who’s Opening & Where Stag targets Houston, TX............. Pg. 8 Mod Pizza focused on TX expansion................................... Pg. 8 Snap Kitchen projects 10 openings in TX........................... Pg. 8 Scooter’s Coffee plans 40 new locations in TX........................... Pg. 8 Lease Signings TradeMark Properties inks deal with Men’s Wearhouse in Ft. Worth, TX................................... Pg. 9 Lead Sheet 99 Cents Only Stores continues growth in TX............................... Pg. 13 Lifecheck Drugs expanding in TX Pg. 13 Site for Sore Eyes and Sterling Optical search for more locations Pg. 15 Tenant Reps and Exclusives UCR leasing retail component for 1.3 million sq.ft. project in TX.............................................. Pg. 18 Making the News The Goldstein Group expands leasing team............................... Pg. 19 Sources of Financing Johnson Capital refinances portfolio of five shopping centers Pg. 19 Space Place................................ Pg. 19
KIN PROPERTIES TEXAS LOCATIONS
AVAILABLE FOR LEASE / SALE Amarillo, TX 4215 SW 45th Street
Austin, TX 8000 Burnet Road
Cedar Park, TX 1106 Pecan Park Boulevard
Space Available Land Size Building Size Lease Rate Sale Price
Space Available Land Size Building Size Lease Rate Sale Price
Space Available Land Size Building Size Lease Rate Sale Price
2.18 acres 2.18 acres N/A Ask $1,399,999
4,860 sqft 0.54 acres 4,860 $25.00 NNN N/A
31,595 sqft 0.84 acres 31,595 sqft $9.50 NNN N/A
Dallas, TX 11719 Webb Chapel Road
Fort Worth, TX 6479 Camp Bowie Boulevard
Grand Prairie, TX 2506 Belt Line Road
Space Available Land Size Building Size Lease Rate Sale Price
Space Available Land Size Building Size Lease Rate Sale Price
Space Available Land Size Building Size Lease Rate Sale Price
4,860 sqft 0.52 acres 4,860sqft $12.00 NNN N/A
58,000 sqft 4.83 acres 58,000 sqft $5.00 NNN N/A
Hurst, TX 1495 Precinct Line Road
Space Available Land Size Building Size Lease Rate Sale Price
1,500 - 7,500 sqft 1.3 acres 7,500 sqft $35.00 NNN N/A
16,457 sqft 5.00 acres 53,584 sqft $4.50 NNN N/A
Len Weiselberg ext 112
lweiselberg@kinproperties.com
FOR MORE INFORMATION CALL 1.888.KIN.PROP
Matthew Makler ext 118 mmakler@kinproperties.com
Robert Crum ext 117 rcrum@kinproperties.com
Gary Shapiro ext 114
gshapiro@kinproperties.com
Steven Sandelman ext 104 ssandelman@kinproperties.com
Jeff Ross ext 123
jross@kinproperties.com
185 NW Spanish River Blvd • Suite 100• Boca Raton • FL 33431
NEW CONSTRUCTION Bolour Associates, in a joint effort with Crescenta Capital Partners, is planning to develop a mixed-use site to be located at the intersection of Seventh Street and Santa Fe Avenue in Los Angeles, CA. Plans will include 320 apartment units and a 20,000 sq.ft. retail component. The center is slated to break ground during mid-2016. For more information, contact Bolour Associates, 8383 Wilshire Boulevard, Suite 920, Beverly Hills, CA 90211; 323-6770550; Email: info@bolourassociates.com; Web site: www.bolourassociates.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 Account Executive Nicole Papa • nicole@dealmakers.net Account Executive Connie Giordano • connie@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $344 per year U.S., foreign $419 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. 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 2014 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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R.J. Brunelli & Co. is preleasing Coralmay Plaza, a retail development located along Route 18 South in East Brunswick, NJ. Up to 45,556 sq.ft. of space is available. Area retailers include IHOP, Denny’s, Red Robin and Burger King. Area demographics include a population of 169,449 within a five-mile radius earning $99,559 as the average household income. The average daily traffic count is 54,000 vehicles. For more information, contact John Lenaz, R.J. Brunelli & Co., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800 Ext. 26; Email: jlenaz@rjbrunelli.com; Web site: www.rjbrunelli.com. River Oaks Properties is developing a 500,000 sq.ft. retail center situated on 50 acres at the intersection of Montana Avenue and Joe Battle in El Paso, TX. The development is slated to break ground during 2016. Sam’s Club, Burlington and Academy Sports + Outdoor are proposed anchors for the site. The company is also preleasing Montana Commons, a proposed 459,000 sq.ft. power center located at the intersection of Montana and Loop 375 in El Paso, TX. Area retailers include Walmart. For more information, contact River Oaks Properties, 106 Mesa Park Drive, El Paso, TX 79912; 915-225-5700; Web site: www.ropelpaso.com. Wermers Properties is preleasing Village at Pacific Highlands Ranch, a mixed-use development situated on 24 acres and located at the intersection of Carmel Valley Road and Del Mar Heights Road in San Diego, CA. Plans call for a Trader Joe’s and a Rite Aid pharmacy to anchor the property, as well as space for six restaurants occupying 25,000 sq.ft. and an office component. There is potential for an additional 25,000 sq.ft. of space to be added during a later phase. The retail portion is slated to open during 2015. For more information, contact Wermers Properties, 5120 Shoreham Place, Suite 150, San Diego, CA 92122; 858535-1475, Fax 858-535-0171; Email: info@wermerscompanies.com; Web site: www.wermersproperties.com. AG Development Group, Inc. is planning to develop Titus Landing, a 190,000 sq.ft. retail project located at the site of the former Miracle City Mall in Titusville, FL. Epic Theatres and Parrish Medical Center will anchor the first phase of the center, which is slated to open by October 2015. For more information, contact AG Development Group, Inc., 13801 North Dale Mabry Boulevard, Suite 200, Tampa, FL 33618; 813-265-4500, Fax 813-265-4544; Web site: www.agdevgroup.com.
The Lord Cos., LLC is preleasing a 13,430 sq.ft. retail development located at the intersection of Dan Ryan Expressway and 87th Street in Chicago, IL. The site is adjacent to McDonald’s. Area retailers include JewelOsco, Burlington, Staples, Home Depot, Dollar Tree, Marshalls, Starbucks, Dunkin’ Donuts, Sally Beauty Supply, AutoZone, H&R Block, Foot Action, City Sports, Gold for Less, Subway and Firehouse Steak. Area demographics include a population of 267,436 within a three-mile radius. The average daily traffic count is 307,100 vehicles along Dan Ryan Expressway. For more information, contact Chelsea Henderson or Keith Lord, The Lord Cos., LLC, 1033 West Van Buren, 7th Floor, Chicago, IL 60607; 312-944-6270, Fax 312-9443759; Emails: chelsea@lordcompanies.com and keith@lordcompanies.com; Web site: www.lordcompanies.com. Hickman Realty Group, Inc. is preleasing Union Station, a mixed-use, open-air strip center that will be part of Thomsen Farms, a commercial development situated on 80 acres along Union University Drive in Jackson, TN. Plans will include 25,000 sq.ft. of retail space and 30,000 sq.ft. of medical and office space. The center is slated to open during spring 2015. For more information, contact Hickman Realty Group, Inc., 49 Murray Guard Drive, Jackson, TN 38305; 731-664-1006, Fax 731664-1012; Email: info@hickmanrealty.com; Web site: www.hickmanrealty.com. ASB Real Estate Investments, in a partnership with Blatteis & Schnur, is proposing the development of a 125,000 sq.ft. retail center at the site of five warehouse buildings located at the intersection of Palmetto Street and Mateo Street in Arts District Neighborhood of Los Angeles, CA. For more information, contact David Quigley, ASB Real Estate Investments, 540 Cowper Street, Suite 100, Palo Alto, CA 94301; 650-618-6331, Fax 650-618-6325; Email: dquigley@asbrealestate.com; Web site: www.asbrealestate.com. Lee & Associates is preleasing Terra Vista Commons, a 34,500 sq.ft. mixed-use center located at the intersection of Foothill Boulevard and Milliken Avenue in Rancho Cucamonga, CA. Area retailers include Barnes & Noble, OfficeMax, PetSmart, Pier 1 Imports and Stein Mart. Area demographics include a population of 268,444 within a five-mile radius earning $80,839 as the average household income. For more information, contact Jay Nichols, Lee & Associates; 951-276-3656; Email: jnichols@lee-associates.com. DM November 14, 2014 | Page 3
OBSERVATIONS AND CONVERSATIONS If I had a dollar for every time a landlord thought he could mesmerize or entice a retailer to go look at sites in far flung areas of Texas in his private jet, because it was a private jet; I would own one of my own. Ann O’Neal
Welcome to The Dealmakers’ special edition for the ICSC Texas Conference. I misspent my youth at UTAustin before my grand adventure of moving to the East Coast long ago. I’ve also leased a few shopping centers in rural markets and along the border of Texas. Trying to explain to a retailer entering the Texas market that your immediate trade-area really is 30 miles can be daunting, especially if they are unfamiliar with the geography of the state. Plus, to see a lot of cities in a short span of time; you need a private jet or you’ll spend a lifetime in a car for site visits. If I had a dollar for every time a landlord thought he could mesmerize or entice a retailer to go look at sites in far flung areas of Texas in his private jet, because it was a private jet; I would own one of my own. Several years ago, I did some consulting work for a bank that held four shopping centers in Texas and they had no idea of what to do with them. I went to go look at their centers and had five flights in four days and TSA tortured me at every airport; it was a hectic and memorable trip through Texas. Asking a retailer to devote that much time to look at four sites was difficult at best, most of them told me they would include a site visit on their itinerary the next time they were in those markets. Too often, their definition of next was never. The shopping centers, although they were quality regional locations, were too geographically challenged for a retailer to visit. Even if the tenant had a broker, any retailer worth their salt would go see the sites for themselves before they went to battle for a site at a real estate committee meeting. Unfortunately, most real estate folks working as an employee of a retailer don’t get out and “smell the dirt.” Too often, they rely solely on their local or regional broker to be the “boots on the ground.” Or the onsite visit is made by a regional district manager or to look at a street view from Google maps. It’s understood that they spend too many tedious hours to prep for a real estate committee meeting only to be crucified by a room full of devil’s advocates that have a history of approving only one or two deals each meeting. Throw that on top of the pressure to open enough doors to make projections and I can sympathize with them, but still I think it’s imperative that retailers’ real estate departments get out more often, to look at new locations and visit existing stores. When I started in the business, I had a mentor that owned a chain of stores and he took me on site visits. We looked at proposed locations and went to competitor’s stores. He would stop by to say hello to his store managers and talk to his customers. Every trip was an invaluable learning experience for me and what was most remarkable is that he learned something new too. I don’t know of many CEOs of retail chains that have their real estate department on the road, most of them have a small real estate staff that spends a good deal of time corralling tenant reps or making pitches for a real estate committee. Maybe, I’m old school. If I were the CEO of a retail chain, I would expect first-hand knowledge from my real estate team before I signed a lease for a new location.
Page 4 | November 14, 2014
The Texas ICSC Conference should be active, since a lot of new concepts are opening multiple locations in the state. This issue has quite a few leads on chains looking to expand in Texas. We also have an informative State of the Industry report on the Texas retail real estate landscape. I want to thank all of the experts that allowed us to pick their brain for the feature report. Our December 12th issue, to be distributed at the ICSC National Dealmaking in New York will include a State of the Industry that addresses the entire nation, so keep an eye out for it. The feature in the December 12th edition will give you a lot of perspective on what our industry leaders see in the future of retail real estate. Also, I Co-Chair the 2014 ICSC Retail Runway in New York and the lineup of retailers presenting is spectacular. Confirmed chains include Acustom Apparel, Aldi, Anthropologie, Camille Albane, Dessange, Fantastic Sam’s, Free People, Hobby Lobby, Lorna Jane, Orangetheory Fitness, Simply Fashions / Dots, Urban Outfitters and World of Beer. This year instead of being first thing in the morning of the first day, the Retail Runway will start at 4:30 pm on Monday and make a smooth transition into the cocktail party. I think 4:30 is optimum. Most of your 4:30 meetings get blown off by whoever you have an appointment with because they were late for their first five appointments that day and ran out of time by 4:30, so make sure you come by and hear about chains looking for deals at the Retail Runway. Another great thing about the Retail Runway this year, not only do we have a number of vice presidents and directors of real estate, but also quite a few founders, CEOs and COOs presenting their chains. My folks just did an ICSC Dealmaking whirl wind tour from San Diego, Chicago to Atlanta and they are worn out. I’m not sure if they’re worn out by the cocktail parties or the actual travel, but they all came back with great leads and said the enthusiasm from people at all the shows was excellent. If you too are in need of some great leads, check out our online directories of tenants. TenantSearch. com has more than 5,000 chains listed with all of their contact info and site requirements. FreestandingTenants.com lists about 2,000 chains looking to make deals on pad sites and freestanding buildings. FoodTenants.com lists the top 1,000 fastest growing restaurants and food concepts. You can test drive a demo for each of the directories and get a sense of how detailed the info is before you buy it. Also, check out our free email forums, go to Dealmakers.net, hover over the Resources tab and click Free Email Forums on the drop down. I have to wrap it up, have a great show in Texas and here’s to making more deals!
Ann O’Neal, Publisher
Dealmakers Magazine | www.dealmakers.net
BUYERS AND SELLERS Marcus & Millichap is selling a freestanding 45,050 sq.ft. LA Fitness located in St. Paul, MN. The tenant is bound to a lease with eight years remaining on the initial term and featuring rent escalations during 2017. The asking price is $12.435 million with a Cap rate of 7.75%. The company is also selling Jamaica Village Shopping Center, a 21,065 sq.ft. strip center in Galveston, TX. The asking price is $2.6 million with a Cap rate of 8.5%. The firm is also selling Gulf Freeway Imperial Plaza, a 48,890 sq.ft. center in Houston, TX. The asking price is $3.4 million with a Cap rate of 12.97%. The company is also selling Salem Town Center, a 21,516 sq.ft. center in Salem, CT for $1.7 million. The company is selling Bayview Square, an 8,382 sq.ft. shopping center in Houston, TX. The property is 100% occupied and the asking price is $1.4 million with a Cap rate of 8.03%. For more information regarding the TX properties, contact Derek Hargrove or Matt Mignerey, Marcus & Millichap, Three Riverway, Suite 800, Houston, TX 77056; 713-452-4200. For more information regarding the CT property, contact Seth Richard; 212-430-5164; Email: seth.richard@marcusmillichap.com. For more information regarding the St. Paul property, contact Rob Fox; 678-808-2700. Lucescu Realty recently negotiated the sale of three shopping centers in UT for $225.6 million, including The Family Center at Ft. Union, a 682,279 sq.ft. community shopping center anchored by Walmart, Smith’s Food and Drug and Gordmans and located in Midvale; The Family Center at Taylorsville, a 779,439 sq.ft. component of an 857,866 sq.ft. community shopping center anchored by Shopko and The Sports Authority and located in Taylorsville and The Family Center at Orem, a 150,667 sq.ft. portion of a 281,931 sq.ft. community center anchored by Dick’s Sporting Goods and Toys “R” Us/ Babies “R” Us in Orem. For more information, contact Mark Lucescu, Lucescu Realty; 949-706-7772. Jones Lang LaSalle is selling Shadow Creek Marketplace, a 42,719 sq.ft. shopping center located at the intersection of Highway 288 and Shadow Creek Parkway in Pearland, TX. The property is 91% occupied and shadow-anchored by a 100,000 sq.ft. Kroger Signature supermarket. The asking price is $13.2 million with a Cap rate of 7.5%. For more information, contact George Cushing, Jones Lang LaSalle, 1400 Post Oak Boulevard, Suite 1200, Houston, TX 77056; 713-425-5849; Email: george.cushing@am.jll.com. Dealmakers Magazine | www.dealmakers.net
Upland Real Estate Group, Inc. is selling Walgreens Retail Center, a 76,181 sq.ft. shopping center located in St. Paul, MN. The property is currently 100% occupied and tenants include Walgreens, Burger King, Family Dollar and Caribou Coffee. Area demographics include a population of 314,675 within a five-mile radius earning $59,855 as the average household income. The average daily traffic count is 142,000 vehicles along Interstate 35E. The asking price is $13.516 million with a Cap rate of 7%. For more information, contact Deb Vannelli, Upland Real Estate Group, Inc., 50 South 6th Street, Suite 1418, Minneapolis, MN 55402; 612-376-4475, Fax 612-3764489; Email: deb@upland.com; Web site: www.upland.com. Stan Johnson Co. is selling Oak Grove Shopping Center, located in Hattiesburg, MS. Toys “R” Us anchors the 95% leased center. The asking price is $4.95 million with a Cap rate of 8.5%. The company is also selling a Dick’s Sporting Goods store in Durham, NC. The tenant is bound to a 22-year lease with seven years remaining on the initial term and featuring four, five-year options and rent escalations every five years. Area retailers include buy buy Baby, Old Navy, Marshalls, Walmart and Home Depot. Area demographics include a population within a three-mile radius earning $90,000 as the average household income. For more information regarding Oak Grove Shopping Center,, contact Ryan Butler, Stan Johnson Co., Two Warren Place, 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918-494-2690; Email: rbutler@stanjohnsonco.com. For more information regarding the Dick’s Sporting Goods property, contact Jason Maier; Email: jmaier@stanjohnsonco.com.
Cambridge Capital Advisors, LLC recently negotiated the sale of a 14,806 sq.ft. shopping center located along West 24th Street in Chicago, IL. At the time of the sale, the property was 100% occupied and tenants included Advance Auto Parts and DaVita Dialysis. The company represented the buyer in the transaction. For more information, contact Lara Casano or Emily Casano, Cambridge Capital Advisors, LLC, 49 Lexington Street, Suite 5, West Newton, MA 02465; 646-820-7567; Web site: www.cambridgecapitaladvisors.com. CBRE, Inc. recently negotiated the sale of Driftwood Village Shopping Center in Ontario, CA. The property was acquired for $19.5 million. The company also recently negotiated the sale of The Shops at Warm Springs, a 15,760 sq.ft. retail center situated on 1.99 acres along South Durango Drive in Las Vegas, NV. The property was acquired for $3.024 million. The company also recently negotiated the sale of the Shoppes of Kenwood, a 120,000 sq.ft. neighborhood shopping center in Cincinnati, OH. At the time of sale, the center was 79% occupied and tenants included Buffalo Wild Wings, Family Dollar and Performance Bicycle. The property was acquired for $13.5 million at an 8.90% Cap rate. For more information regarding the Ontario property, contact Alan Krueger, CBRE, Inc.; 909-418-2062; Email: alan.krueger@cbre.com. For more information regarding the Las Vegas property, contact Charles Moore; 702-369-4820; Email: charles.moore@cbre.com. For more information regarding the Cincinnati property, contact Hank Davis, CBRE, 201 East Fifth Street, Suite 1200, Cincinnati, OH 45202; 513-369-1308; Email: hank.davis@cbre.com. DM
Jones Lang LaSalle is selling Shadow Creek Marketplace in Pearland, TX. November 14, 2014 | Page 5
FOOD CHAINS EXPAND NATIONWIDE Pollo Tropical operates more than 140 locations throughout FL, GA, TN and TX, as well as Puerto Rico and internationally. The Caribbean-inspired restaurants occupy spaces of 4,000 sq.ft. in strip and power centers, malls, freestanding locations and urban areas. Growth opportunities are sought throughout the greater Orlando, FL market during the coming 18 months, with representation by Atlantic Retail Properties. Cheddar’s Casual Cafe operates more than 135 locations throughout 23 states nationwide. The restaurants prefer to occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in strip and power centers, freestanding locations and urban areas. Growth opportunities are sought throughout Daytona Beach and Port St. Lucie, FL during the coming 18 months, with representation by Atlantic Retail Properties. Tijuana Flats operates more than 100 locations throughout FL, GA, IN, NC, PA and VA. The fast-casual restaurants occupy spaces of 2,200 sq.ft. to 2,500 sq.ft. in power and strip centers, malls, freestanding locations and urban areas. Growth opportunities are sought along the eastern coast of FL, from Daytona to Miami during the coming 18 months, with representation by Atlantic Retail Properties. Einstein Bros. Bagels operates more than 855 locations nationwide in 42 states. The restaurants prefer to occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in power and strip centers, malls, freestanding locations and urban areas. Growth opportunities are sought throughout central and southern FL during the coming 18 months, with representation by Atlantic Retail Properties. For more information regarding Pollo Tropical or Einstein Bros. Bagels, contact Noah Jones, Atlantic Retail Properties, 1001
North U.S. Highway One, Suite 600, Jupiter, FL 33477; 561-427-6699 Ext. 1018, Fax 561-427-6561; Email: njones@atlanticretail.com; Web site: www.atlanticretail.com. For more information regarding Cheddar’s Casual Café, contact Thomas Godino or Greg Godino; 561427-6699; Emails: tgodino@atlanticretail.com and ggodino@atlanticretail.com. For more information regarding Tijuana Flats, contact Noah Jones or Brent Andrews; Email: bandrews@atlanticretail.com. James Original Coney Island operates 22 locations throughout Houston, TX and the surrounding areas. The restaurants, offering hot dogs, burgers, and chili, as well as dessert items, prefer to occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in endcaps of shopping centers with a drive-thru or freestanding locations. Plans call for two to four openings throughout the existing markets during the coming 18 months, with representation by United Equities. For more information, contact Buster Freedman, United Equities, 713-772-6262, Email: bfreedman@unitedequities.com; Web site: www.unitedequities.com. Twin Peaks operates more than 50 locations throughout AL, AZ, AR, CO, FL, GA, IA, ID, IL, IN, KS, LA, MO, MS, NC, NE, NM, NV, OK, SC, TN and TX. The restaurants prefer to occupy spaces of 5,500 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout IL and northwestern IN during the coming 18 months, with representation by Arcore Real Estate Group. Preferred demographics include a population of 150,000 within a five-mile radius. Preferred cotenants include Home Depot, Lowe’s Home Improvement and Best Buy.
For more information, contact Scott Dolan, Arcore Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630908-5702; Email: sdolan@arcoregrp.com; Web site: www.arcoregrp.com. Bad Ass Coffee Co. of Hawaii, Inc. trades as Bas Ass Coffee Co. at 30 locations throughout CA, FL, HI, LA, MT, NM, NV, NY, OR, TX, VA and VT, as well as internationally. The coffee shops prefer to occupy spaces of 1,500 sq.ft. in endcaps of shopping centers, freestanding locations and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 50,000 within three miles earning $50,000 as the average household income. Major competitors include Starbucks. The company is franchising. For more information, contact Connie Alexakos, Bad Ass Coffee Co. of Hawaii, Inc., 155 West Malvern Avenue, Salt Lake City, UT 84115; 801-428-0823; Email: connie@badasscoffee.com. All American Specialty Restaurants, Inc. trades as All American Ice Cream & Frozen Yogurt Shops, Sertinos Café Restaurants and Sertinos Coffee Shops at 26 locations throughout CA, ID, NE, OR, PA, TX and WA. The restaurants occupy spaces of 700 sq.ft. to 3,000 sq.ft. in entertainment, mixeduse, strip and specialty centers, freestanding locations, malls, tourist and urban/ downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with a five-year option. Preferred demographics include a population of 30,000 within a twomile radius earning $50,000 as the average household income. Major competitors include Cold Stone Creamery, BaskinRobbins, Subway, Quiznos and Starbucks. Expansion is franchise-driven. For more information, contact C.R. Duffie, Jr. or Barry McVay, All American Specialty Restaurants, Inc., 1201 Southwest 12th Avenue, Suite 415, Portland, OR 97205; 800-311-3930, Fax 503-224-5042; Email: D crduffie@allamericanicecream.com. M
DOWNLOAD OUR MOBILE APP AND STAY UPDATED! James Original Coney Island is planning to open two to four locations throughout Houston, TX and the surrounding areas during the coming 18 months. Page 6 | November 14, 2014
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STATE OF THE INDUSTRY ICSC Texas Conference Edition
Stephanie Weaver Welcome to The Dealmakers’ annual Texas ICSC State of the Industry report. Each year, our editors collect first-hand experiences and opinions of retail real estate industry professionals and ask them to share their sentiments as to the direction the industry is headed, current obstacles, asking rents, retailers entering the region, new developments, flow of acquisitions and upcoming trends. Our sources provided a regional overview of retail real estate throughout the Texas market, and judging from their responses, the shopping center industry is as strong as ever. David Simmonds, principal and founder of Retail Solutions in Austin who specializes in landlord and tenant representation, stated, “There is too little product out there to lease. Dirt to develop has become very expensive, but so far, the tenants that want the spaces are willing to pay the increased rents to justify the increased costs.” Bryan McMurrey, vice president of CBRE, Inc. in Austin, Texas, with expertise in tenant and landlord representation throughout Austin and the surrounding areas, concurred that one of the biggest obstacles his firm has encountered during the last 12 months was the lack of inventory and increasing rents. Bryan Cornelius, partner at Venture Commercial Real Estate, LLC in Dallas, and specialist in retail tenant representation, said, “The biggest industry obstacle is the lack of quality space available due to a deficiency in new development throughout the area during the last four to five years. As a tenant rep, good retail space, especially for restaurants, is very difficult to find.” Cornelius explained, “You are seeing new smaller developments coming on line that will fill some of this void along with some grocery-anchored centers under construction. There is a feeding frenzy for good quality space.” David Davidson, Jr. senior vice president of Venture Commercial Real Estate, LLC’s Land Division, which focuses on land sales and acquisitions ranging from one-acre to master planned communities in excess of 1,000 acres, said, “On larger acreage acquisitions it is critical to put together the perfect mix of users for a development. Perfect to us would be defined as the highest and best use for the property or a user that we feel comfortable will close on time and not renegotiate at the closing table.” He further stated, “When putting these deals together it is critical that all pieces align at the same time. When working with a developer who is purchasing a large tract or an assemblage, it is critical that all of the properties close simultaneously and that the end user is prepared to close on time. These transactions are the most difficult but can yield the highest return to our clients. We enjoy the challenge.” Despite the fact that leasing opportunities throughout Texas are currently tight, some preleasing opportunities are in the pipeline. CBRE, Inc. is preleasing Lamar Central, a 166,390 square foot urban mixed-use development located in Austin, Texas, with a 34,668 square foot retail component. The project is located near HEB’s Central Market grocery store and surrounded by three large scale medical uses. The project is slated to open during winter 2015. Retail Solutions is preleasing several centers throughout Austin, including: Arbor Town Square, a mixed-use center shadow-anchored by Costco and located near Ross Dress for Less; Norwood Park shadow-anchored by Walmart Supercenter and located near Academy Sports + Outdoors and Parmer Park, a 313,435 square foot development located near CVS. Venture Commercial is preleasing a development anchored by a 123,000 square foot Kroger Dealmakers Magazine | www.dealmakers.net
supermarket in Prosper, Texas. The property is near Windsong Ranch, a 2,030-acre master-planned community compromised of 3,500 single family homes, 300 townhomes and 300 apartments. Jill Szymanski with Dessange Group North America, a chain of upscale hair salons, gave a retailer’s perspective on new developments in Texas. “I see lots of development going on, especially in Dallas. There appears to be a lot happening in the north suburbs all at the same time and it will be interesting to see how it all evolves and plays out. There could possibly be some large shifts happening in some existing developments that move to the new ones as well as new concepts entering the market. How this all plays out and settles in only time can tell.” Davidson noted, “Although there are some places where a mixed-use development can thrive, developers are focusing on decreasing the amount of shop space in their developments. The space they will have within their developments will need to have great visibility and access. This is important to retailers in today’s market.” He further stated, “Developers also are pushing for ground leases on their pad sites. Many retailers have begun to accept this as a norm in our market. With Cap Rates where they are today, developers are able to turn more of a profit on expensive real estate by achieving the return they need to make the development work.” Retailers throughout the Texas market are eating up space as more new retail and restaurant concepts continue to expand in the region. McMurrey noted, “The development curve can’t catch up to the retail demand in the immediate future.” He added that fast-casual pizzerias, as well as fitness and cycling concepts, are expanding in Texas. Simmonds commented that many types of retailers are ramping up expansion in Texas during 2015 and 2016, including grocery stores, medical centers and traditional and service-type tenants. Szymanski stated that exciting retailers she has noticed coming to the Texas market include Pirch at Northpark. Davidson remarked that developments such as Grandscape in The Colony, Texas, are drawing retailers from all over the world, including Nebraska Furniture Mart. He added, “My clients are aggressively expanding throughout northern Texas. We are focusing on targeting the best long-term locations with them given the large amount of new and proposed developments throughout the Dallas-Fort Worth metroplex.” Our respondents also noted new trends occurring in the Texas retail real estate industry. Cornelius stated that big box retailers are shrinking their footprints. Another trend he experienced was “Restaurants and medical user are the most active and paying the highest rents for the best locations.” With so much expansion taking place, quality spaces are rare to come by, driving the rents up. McMurrey stated, “The rental prices jumped up by $4 to $5 per square foot for class “A” retail in the last couple of years.” Cornelius noted that these expensive rates are too high for some end users to survive in today’s cut-throat market. Davidson said that in addition to increasing interest rates, his biggest concern with new development is the increasing cost of construction. Shopping center acquisitions and triple-net deals are moving at a lightning-fast pace throughout the Lone Star State. Simmonds explained, “Cap rates have compressed, but are too variable to quote based on the size, location or tenant quality.” Cornelius said, “Cap rates of 5% to 6% are due to 1031 deals.” McMurrey remarked, “There have been a large number of ‘off market’ shopping center sales that are pushing the 5% to 6% Cap rate range. Owners that would typically have never (continued on page twenty-three)
November 14, 2014 | Page 7
WHO’S OPENING AND WHERE Stag (512-373-7824) is planning to open an upscale menswear clothing store in Houston, TX during early 2015. The stores locate in urban storefronts with heavy pedestrian traffic. The company offers apparel, leather goods, footwear and grooming supplies at locations in CA and TX. Mod Pizza (206-261-4963) is planning to open eight to 10 pizzerias throughout the Houston, TX area, as well as additional openings in Austin, TX during 2015. The company currently operates 16 locations throughout CA, OR and WA, along with a location that recently opened in the greater Houston, TX market. Snap Kitchen (713-526-5700) is planning to open a total of five locations in the Dallas/ Ft. Worth, TX market by the end of this year, with another five slated to open by the end of 2015. The company offers ready-to-eat meals in refrigerated displays designed for graband-go dining and currently operates three units in Dallas, six locations in Austin and seven in Houston, TX. Potbelly Sandwich Shop (312-951-0600), through franchised expansion, is planning to open restaurants throughout the Buffalo and Niagara, NY market. Future plans also call for locations to open in Albany, Rochester, Schenectady and Syracuse. The company currently operates more than 300 locations nationwide. Crave Burger Co. (303-814-2829) is opening 10 Crave Burger restaurants throughout the Twin Cities, MN and Sioux Falls, SD markets during the coming year. The company currently operates seven locations.
Scooter’s Coffee (402-614-1723) is planning to open 10 coffee shops throughout the greater Kansas City metropolitan area. Locations already slated to open include 20 units in Phoenix, AZ, 40 units in Dallas, TX, 10 to 15 locations in Atlanta, GA and multiple units in Sacramento, CA. The company currently operates 20 locations throughout the Kansas City metropolitan area. Wal-Mart Stores, Inc. (479-273-4000) is planning to open a 41,000 sq.ft. Walmart Neighborhood Market at the intersection of Highway 67 and Wake Village Road in Wake Village, TX during fall 2015. The store will feature six fuel stations. The company trades as Walmart, Walmart Supercenter, Walmart Neighborhood Market and Walmart Express and currently operates more than 9,000 locations, as well as more than 621 Sam’s Club locations, nationwide and internationally. Dick’s Sporting Goods, Inc. (724-273-3400) is planning to open a 50,000 sq.ft. Dick’s Sporting Goods store at SouthPark Mall in Moline, IL during summer 2015. The chain, offering hunting, fishing, camping, hiking, boating and other outdoor-related equipment, apparel and gear, currently operates more than 558 Dick’s Sporting Goods stores and more than 87 Golf Galaxy locations nationwide, in addition to its newest concept Field and Stream. Yeah! Burger (404-496-4393) is planning to open a 2,500 sq.ft. fast-casual restaurant in the Midtown neighborhood of Nashville, TN during summer 2015. The company is franchising and operates two locations in Atlanta, GA.
Del Frisco’s Restaurant Group, Inc. (646277-1226) is planning to open Del Frisco’s Grille restaurants in Cherry Creek, CO; the Woodlands area of Houston, as well as Plano, TX and at The Promenade at Chenal in Little Rock, AR. The chain of restaurants, offering steak, sandwiches, salads, pasta and dessert items, currently operates more than 40 locations throughout 20 states and trades as Del Frisco’s Double Eagle Steakhouse, Sullivan’s Steakhouse and Del Frisco’s Grille. Dillard’s (800-345-5273) is planning to open a two-story, 200,000 sq.ft. flagship department store at Liberty Center, a mixeduse development located at the intersection of Ohio 129, Liberty Way and Interstate 75 in Liberty Township, OH. The store will feature a large women’s and men’s apparel section, as well as updated displays for footwear and accessories. The company will join CineBistro and Dick’s Sporting Goods at the site. Johnny Rockets (949-643-6100) is rolling out four separate concepts trading as Johnny Rockets Route 66, including a drive-thru freestanding restaurant; a drive-in movie theater concept, a food truck and a pop-up unit. The company currently operates 300 corporate and franchise-owned restaurants in 30 states and 16 locations internationally. Crunch Fitness (212-993-0300), through franchised expansion, is planning to open fitness centers from the Inland Empire to the Valley region of CA. The company currently operates 100 gyms worldwide, including 72 franchised locations throughout CA, CT, FL, NJ, NY, OR, TX, VA and WA, as well as in Australia. 9Round Fitness Kickboxing (866-619-7978), through a franchisee, is planning to open three kickboxing gym facilities throughout southern FL, with a focus on Aventura and North Miami Beach. The company currently operates 145 clubs throughout 36 states nationwide and plans to operate 1,000 locations by 2018. Noodles & Co. (720-214-1900) plans to open 10 to 15 franchised restaurants during the course of this year, in addition to 45 to 50 company owned locations. The chain, offering noodle dishes, soups, sandwiches and salads, currently operates 410 restaurants nationwide.
Mod Pizza is planning to open eight to 10 pizzerias throughout the Houston, TX area, as well as additional openings in Austin, TX during 2015. Page 8 | November 14, 2014
FarmBurger, LLC (404-378-5077) is exploring expansion in the Nashville, TN market during the coming two years. The company currently operates four locations in Asheville, NC and Buckhead, Decatur and Dunwoody, GA. DM Dealmakers Magazine | www.dealmakers.net
LEASE SIGNINGS The Goldstein Group (201-703-9700) recently negotiated the following leases throughout NJ: with Chipotle for 3,630 sq.ft. along Market Street in Newark; with T-Mobile for 2,200 sq.ft. along Central Avenue in Jersey City; with Five Below for 7,500 sq.ft. and with Hand & Stone Massage for 4,400 sq.ft. at Lanes Mill Marketplace, located along Route 9 in Howell; with AT&T Mobility for 1,500 sq.ft. at the Shop Rite Center, located along River Road in Fair Lawn; with Harrows for 18,000 sq.ft. along Route 17 in Paramus; with Pet Depot for 3,000 sq.ft. at Northvale Square along Livingston Street in Northvale; with All Brands Furniture for 14,400 sq.ft. along Route 22 in Green Brook and with The Joint Chiropractic Care for 2,000 sq.ft. at Middletown Plaza, located along Route 35 in Middletown. Southpace Properties, Inc. (205-326 -2222) recently negotiated the following transactions throughout AL: with Which Wich for 1,750 sq.ft. at The Shoppes of EastChase in Montgomery, with Tyler Bradford and Blake Thomas of Southpace Properties, Inc. representing the tenant in the transaction; with Verizon Wireless for 2,000 sq.ft. along Gilbert Ferry Road in Attalla, with Stutts Everette of Southpace Properties, Inc. representing the tenant in the transaction and with State Farm for 1,400 sq.ft. at Chelsea Crossroads, located along Highway 280 in Chelsea, with Andrew Loveman of Southpace Properties, Inc. representing the tenant in the transaction. SRS Real Estate Partners (678-686-0263) recently negotiated leases with Salons by JC for 5,888 sq.ft. at Sandy Spring Crossings, located at the intersection of Roswell Road and Abernathy Road in Sandy Springs, GA and for 8,640 sq.ft. at Alpharetta Crossing, located at the intersection of Haynes Bridge Road and Old Milton Parkway in Alpharetta, GA. The company also recently negotiated a lease with Half Price Books for 10,000 sq.ft. at Richardson Heights Shopping Center, located along South Central Expressway in Richardson, TX.
illi Commercial Real Estate (818-5012212) recently negotiated the following leases throughout CA: a 10-year lease with IHOP for 4,754 sq.ft. along Tampa Avenue in Northridge, with Todd Nathanson and Kyle Fishburn of illi Commercial Real Estate representing the landlord in the transaction; five-years with Philly Fusion Cheese Steaks for 944 sq.ft. along Rosecrans Avenue in La Mirada, with Todd Nathanson and Sam Aaron of illi Commercial Real Estate representing the landlord and tenant in the transaction; four-years with Mr. Scissors Barber Shop for 1,732 sq.ft. along Reseda Boulevard in Northridge, with Todd Nathanson, George Ross and Cynthia Luther of illi Commercial Real Estate representing the landlord and tenant in the transaction and three-months with a Halloween Store for 8,000 sq.ft. along Torrance Boulevard in Torrance, with George Ross and Mindy Allen of illi Commercial Real Estate representing the landlord and tenant in the transaction. LMS Commercial Real Estate (717-569-9373) recently negotiated a lease with Holcomb Chiropractic for 1,400 sq.ft. at a 6,600 sq.ft. neighborhood retail center located along East Chocolate Avenue in Hershey, PA. Wilay Boensch of LMS Commercial Real Estate represented the tenant in the transaction. The company also recently negotiated a lease with Bravo Marble & Granite for 1,200 sq.ft. at Strasburg Square, a 21,824 sq.ft. shopping center located along Hartman Bridge Road in Strasburg, PA. Wilay Boensch represented the landlord and tenant in the transaction. LandQwest Commercial (239-275-4922) recently negotiated a lease with You Fit, LLC for a 22,000 sq.ft. fitness center at Oak Tree Plaza, located along 9th Avenue North in St. Petersburg, FL. Jeremy Kral of LandQwest Commercial represented the tenant in the transaction. The company also recently negotiated a lease with Jimmy John’s for 1,700 sq.ft. at Northwoods Center, located along Bruce B. Downs Boulevard in Wesley Chapel, FL. Jonathan Myers, Tom Strauss and Matt Yaniglos of LandQwest Commercial represented the landlord in the transaction.
Argent Retail Advisors (888-301-1888) recently negotiated a lease with Hibachi Grill Buffet for 12,200 sq.ft. at Tyler Village Retail Center in Riverside, CA. The company also negotiated a lease with Out of the Park Pizza for 12,000 sq.ft. at Valley View Center in Buena Park, CA.
Velocity Retail Group (602-682-6020) recently negotiated a lease with Goodwill Industries of Central Arizona for 22,565 sq.ft. at Foothills Shopping Center, located at the intersection of Ray Road and 48th Street in Phoenix, AZ.
TradeMark Properties (919-302-0259) recently negotiated a lease with Men’s Wearhouse and Sleep Experts for space at Alliance Town Center in Ft. Worth, TX.
Cypress Equities (214-561-8814) recently negotiated a lease with Hickory Tavern for 6,000 sq.ft. at Brookwood Village, a mixeduse development located in Birmingham, AL.
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Goodman Real Estate Services Group, LLC (216-381-8200) recently negotiated a lease with Bob Evans in Chardon, OH. Richard Edelman of Goodman Real Estate Services Group, LLC represented the tenant in the transaction. The company also recently negotiated a lease with rue21 at Arlington Ridge in Akron, OH, with Jim Becker of Goodman Real Estate Services Group, LLC representing the tenant in the transaction. The company also recently negotiated a lease with Sports Clips for space at Crossings of Sandusky in Sandusky, OH. Rob Yaskanich of Goodman Real Estate Services Group, LLC represented the tenant in the transaction. Mid-America Real Estate-Michigan, Inc. (248-855-6800) recently negotiated leases with Dental Dreams for 3,280 sq.ft., Prada Menswear & Tailoring for 1,576 sq.ft. and Wingstop for 1,576 sq.ft. at Eastbrooke Commons Shopping Center in Eastpointe, MI. Gabe Schuchman and Adam Goodman of Mid-America Real Estate-Michigan, Inc. represented the landlord in the transactions. Renaud Consulting (703-404-2346) recently negotiated a lease with Dunkin’ Donuts for 1,600 sq.ft. at Prince William Square Shopping Center, located along Smoketown Road in Woodbridge, VA. John Marigliano and Josh Weiner of Renaud Consulting represented the tenant in the transaction. Douglas Elliman Real Estate (212-247-7940) recently negotiated a lease with Moe’s Sneaker Spot at the intersection of Adam Clayton Powell Boulevard and 115th Street in New York, NY. Faith Hope Consolo and Joseph Aquino of Douglas Elliman Real Estate represented the landlord and tenant in the transaction. Equity Retail Brokers (610-645-7700) recently negotiated a lease with Petco Unleashed for 5,200 sq.ft. along South 23rd Street in Philadelphia, PA. Brian Wherty of Equity Retail Brokers represented the landlord in the transaction. Breslin Realty (516-741-7400) recently negotiated a lease with Just Falafel for 2,000 sq.ft. at Country Glen Center, located along Old Country Road in Carle Place, NY. Robert Delavale of Breslin Realty negotiated the transaction. Prestige Properties & Development Co. (212-944-0444) recently signed leases with Joe’s Crab Shack for 7,652 sq.ft., with Olive Garden for 8,603 sq.ft. and with Express for 9,425 sq.ft. at Mall at Bay Plaza in Bronx, NY. DM November 14, 2014 | Page 9
18+ Million Square Feet northeast MASSACHUSETTS Billerica Shops at Billerica Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 275,000 SF GLA / Anchor Space Available Lowell Meadow Brook Center Plain Street & Lowell Connector Target, Marshalls, Chuck E. Cheese Pad Site Available 271,377 SF GLA
NEW YORK Cortland Future Development NEW Route 13 & Bennie Road 26 Acres across from Walmart Glenville/Scotia (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. 174,000 SF GLA - In-Line Space Available Lake Ronkonkoma Lake Shore Plaza II Portion Rd. (Co. Rd. 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree - 94,826 sf GLA
Milford Milford Crossing Medway St. & Beaver St. @ I-495 New Anchor Opportunities 140,470 SF GLA Future Expansion Space Available NEW JERSEY Marlton (Evesham) Shoppes at Renaissance Square Route 70 & N. Locust Avenue 176,519 SF GLA Plus Luxury Rental Homes Major Redevelopment Underway
Mt. Olive Vacant Land - 16.963 Acres Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx
Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Walmart, Home Depot, BJ’s, Target 687,716 SF GLA Future Phase III Office or Retail
Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Meijer - Up to 12,000 SF Outlot, B-T-S
Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples - 250,000 SF GLA
INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA
Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Future Strip, Pads Available
Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store - 134,797 SF GLA Anchor Space & Outlots Available
Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office - 21,212 SF GLA
Warsaw The Market Place at Warsaw U.S. Hwy. #30 & Water St. Carson's Dept. Store, Sears, Dunham's, Pier 1 180,000 SF GLA
NEW
Water Mill (Southampton) Water Mill Shoppes Montauk Hwy. (Rte. 27) & Station Rd. Prime for Specialty Foods & Boutiques
NEW
Vineland Vineland Marketplace S. Delsea Dr. (Route 47) & College Dr. Future Development Anchor Space / Outlots Available
PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 135,000 SF GLA / 9.82 Acres Available
Vineland Kmart Plaza Expansion S. Delsea Dr. (Route 47) & Route 55 Kmart, TD Bank Two Parcels: 4.302 & 4.486 Acres Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 85,000 SF GLA Anchor Space Available
midwest ILLINOIS Downers Grove Marshall’s at The Grove, 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF
Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 77,360 SF GLA Parsippany Future Development Route 46 (Bloomfield Ave.) & Waterview Blvd. Proposed Supermarket Anchor, In-Line & Pads Available
Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads
Latham/Colonie (Albany) Freestanding Building Route 7 & Swatling Rd. 118,863 SF GLA Anchor & Outlot Available
UPDATED
UPDATED
PENNSYLVANIA Quakertown NEW New Anchor Space at Richland Marketplace Rt. 309 & Pumping Station Road BJ’s Wholesale Club, Target, Best Buy 444,531 SF GLA
MICHIGAN Flint (Former) Kmart Shopping Center Dort Hwy.(Rte. 54) & Atherton Hwy. 92,691 SF GLA Grand Blanc Holly Rd. & I-75 Vacant Land / 22 Acres For Sale
Carlisle Home Depot Shopping Center Hanover Street (Route 34) & I-81 Home Depot, Chili’s - 140,715 SF GLA 10,584 SF Future Expansion/Pad
Livonia Office Depot Plaza Plymouth Rd. & Middlebelt Rd. Office Depot, Party City, Walgreens 108,820 SF GLA
Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte 309 & Rte 202 BJ's, Lowe's - Anchor Space Available 133,000 sf GLA
Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available
NEW
RDMANAGEMENT LLC
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
200+ Retail Projects MICHIGAN Port Huron Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Sandusky Kmart Shopping Center M-19 & Gates Rd. 176,248 SF GLA - Anchor Space Available Southgate Fort St. & Burns Ave. Vacant Land – 9.37 Acres MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA 18,440 SF Expansion & Pad
FLORIDA Gainesville Mixed Use Development NW 13th St & University Avenue 26,000 SF Ground Floor Retail 312,498 SF Mixed Use 6-Story Bldg
VIRGINIA Winchester Winchester Plaza S. Pleasant Valley Rd. & E. Jubal Early Dr. Anchor Space Available 88,479 SF GLA
Lakeland The Groves US Hwy 98 N & Lakeland Park Center Drive Adjacent to Lakeland Square Mall 54,434 SF GLA plus 5.8 Acres for B-T-S
WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 230,000 SF GLA
NEW
NEW
Ocala Shady Oaks Shopping Center SW 27th Ave & College Rd Burlington Coat Factory, Best Buy, Staples, JoAnn Fabrics 260,419 SF GLA
NEW
Sanford Seminole Centre S Orlando Dr. (Hwy. 17/92) & Lake Mary Blvd. Walmart Supercenter, Ross, Aldi 370,936 SF GLA
Columbus Great Western Commerce Center No. Wilson Rd. & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space NEW
Holland (Toledo) Dick’s at Spring Meadows Place Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Space
NEW
Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block So. of Navarre Ave. (Rte. 2) & Kmart
south ALABAMA Huntsville NEW Freestanding Walmart South Memorial Parkway & Drake Ave. SW 104,000 SF on 8.1 Acres FLORIDA Fern Park Fern Park Plaza Semoran Blvd. (Hwy. 436) & Hwy. 17/921 Ross, Beall's Outlet, Aldi, Deals 131,646 SF GLA Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. Near Hwy. 436 - 153,650 SF GLA
NEW
RDMANAGEMENT LLC
NEW
KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 272,000 SF GLA / In-line Space & Pad MARYLAND Hagerstown Long Meadow Shopping Center Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market - 243,000 SF GLA Anchor Space/Pad Available Randallstown Brenbrook Plaza Liberty Rd. & Brenbrook Dr. Home Depot - 139,000 SF GLA TENNESSEE Nashville NEW Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Conference Dr. New Anchor Opportunities 111,460 SF GLA
NEW
west ARIZONA Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA Anchor Space & Pad Available Las Vegas Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart - 86,479 SF GLA OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA UTAH Salt Lake City 410 S. 900 E. & 400 S. Freestanding Office Max Future Redevelopment
puerto rico
TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA
PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available
VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. 4.97 Acres & 5.23 Acres Available
Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads 525,000 ± SF GLA
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
APPAREL CHAINS EXPAND NATIONWIDE (continued from page one)
GSM Retail, Inc. trades as Honolua Surf Co. at 14 locations throughout HI. The stores, offering beach-themed men’s and women’s apparel, occupy spaces of 1,300 sq.ft. to 2,500 sq.ft. in malls, specialty and tourist centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Randy Blumer, GSM Retail, Inc., 42 Ulupono Street, Suite 107, Lahaina, HI 96761; 808-856-7400 Ext. 7414; Email: randy@honoluasurf.com; Web site: www.honoluasurf.com.
Discovery Clothing operates 29 locations throughout FL, IL, IN and WI. The apparel stores occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in regional shopping centers. Growth opportunities are sought throughout Broward, Miami-Dade, Palm Beach and the Orlando, FL metropolitan area during the coming 18 months, with representation by Katz & Associates. Preferred cotenants include national fashion retailers. avenue operates 286 locations throughout AL, AZ, CA, CT, DE, FL, GA, IL, IN, KS, KY, LA, MA, MD, MI, MO, MS, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, VA, WA and WI. The stores, offering women’s
H ! T R I E W D GO RKET LEYATHING LESS? A MA FOR AN LE T T E S WHY
plus-size apparel, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in community and power centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Katz & Associates. Preferred demographics include a population of 100,000 within a five mile radius earning $60,000 as the average household income. For more information regarding Discovery Clothing, contact David Emihovich, Katz & Associates, 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-869-4345, Fax 561-361-7276; Email: demihovich@dkatz.com; Web sites: www.katzassociates.com and www.discoveryclothing.com. For more information regarding avenue, contact Hugh Scullin and Amy Staats, One Blue Hill Plaza, Suite 1440, Pearl River, NY 10965; 845-7352298; Email: hughscullin@dkatz.com; Web site: www.avenue.com. Joyce Leslie, Inc. trades as Joyce Leslie at 50 locations throughout CT, NJ, NY and PA. The stores, offering apparel, footwear and accessories for juniors, occupy spaces of 7,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout DE and MD during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred cotenants include Target and Walmart. For more information, contact Nancy Shapiro, Joyce Leslie, Inc., 170 West Commercial Avenue, Moonachie, NJ 07074; 201-804-7800, Fax 201-804-0801; Email: nshapiro@joyceleslie.com; Web site: www.joyceleslie.com. L.L. Bean operates 36 locations throughout CO, CT, IL, MA, ME, MN, NH, NJ, NY, PA, VA and VT. The stores, offering family apparel and footwear, as well as outdoor gear, occupy spaces of 15,000 sq.ft. in freestanding locations, storefronts and endcaps of shopping centers. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Kenneth Kacere, L.L. Bean, 15 Casco Street, Freeport, ME, 04033; 207-865-4761, Fax 207-5527773; Email: kkacere@llbean.com; Web site: D www.llbean.com. M
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 5,300 stores throughout 49 states, the District of Columbia and Puerto Rico in the U.S., as well as in Mexico and Brazil.
3 GROWING STRONG… Over 5,300 stores, and we open more every week 3 STORES THAT ARE 100% COMPANY OWNED AND OPERATED… No franchises 3 FINANCIALLY DISCIPLINED… We make the right decisions to protect our shareholders 3 RELIABLE… Whether purchase money or rent, our funds will be there…on time, every time
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LEAD SHEET Tilden Car Care Centers Robert Baskind 300 Hempstead Turnpike, Suite 110 West Hempstead, NY 11552 516-746-7911, Fax 516-746-1288 Email: rbaskind@tildencarcare.com Web site: www.tildencarcare.com
Automotive The 45-unit chain operates locations throughout CO, FL, GA, IL, IN, MA, NC, NH, NJ, NY, OH, RI, TN and TX. The automotive service centers occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding locations. Plans call for 10 openings nationwide during the coming 18 months. Typical leases run 20 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. Major competitors include Goodyear and Midas. The company is franchising.
Sally Beauty Holdings, Inc. dba Sally Beauty Supply Andrea Cirbian 3001 Colorado Boulevard Denton, TX 76201 800-777-5706 Ext. 4819 Email: acirbian@sallybeauty.com Web site: www.sallybeauty.com
Beauty Supplies The chain operates more than 3,200 locations nationwide and in Canada, Puerto Rico and internationally. The beauty supply stores occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in shopping centers. Growth opportunities are sought throughout AK, AZ, CA, HI, ID, MT, NV, OR, UT, WA, WY and Puerto Rico during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores, apparel, discount and department stores.
Kohl’s Department of Real Estate N56 W17000 Ridgewood Drive Menomonee Falls, WI 53051 Web site: www.kohls.com
Department Store The 1,163-unit chain operates locations nationwide throughout 49 states. The department stores, offer apparel, footwear, accessories and home and bath products, and prefer to locate in freestanding locations, lifestyle, power, strip and neighborhood shopping centers. A 55,000 sq.ft. prototype situated on five acres in rural areas, a 64,000 sq.ft. prototype situated on six acres in mid-size markets and an 87,000 sq.ft. prototype situated on seven acres in major metropolitan markets are preferred. For expansion opportunities throughout the western and southeastern regions, contact Jeff Poole, 262-703-6073, Email: jeff.poole@kohls.com. For expansion opportunities throughout the Midwestern and southern regions, contact Ashley Mack, 262-703-2457, Email: ashley.mack@kohls.com. For expansion opportunities throughout the eastern region, contact Patrick Cairns, 262-703-6371, Email: patrick.cairns@kohls.com.
Stein Mart, Inc. dba Stein Mart Real Estate Department 1200 Riverplace Boulevard Jacksonville, FL 32207 904-346-1500 Email: realestatesubmission@steinmart.com Web site: www.steinmart.com
Department Store The 263-unit chain operates locations nationwide. The stores, offering men’s and women’s apparel, accessories, footwear and home décor, occupy spaces of 30,000 sq.ft. to 34,000 sq.ft. in lifestyle, power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
99 Cents Only Stores Jesse Allen 4000 Union Pacific Avenue City of Commerce, CA 90023 323-881-1258, Fax 323-307-9636 Email: jessea@99only.com Web site: www.99only.com
Discount The 358-unit chain operates locations throughout AZ, CA, NV and TX. The stores, offering discounted general merchandise, occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in freestanding locations, neighborhood and power centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 70,000 within one mile earning $40,000 as the average household income.
Lifecheck Drug Bruce Gingrich 1100 Jackson Street, Suite B Richmond, TX 77469 281-232-3940, Fax 832-595-1203 Email: bvgingrich@sbcglobal.net Web site: www.sbcglobal.net
Drug Store The chain operates more than 30 locations throughout TX. The drug stores occupy spaces of 1,800 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Dealmakers Magazine | www.dealmakers.net
November 14, 2014 | Page 13
LEAD SHEET Walgreen Co. dba Walgreens Tom Connolly 108 Wilmot Road Deerfield, IL 60015 847-315-2569 Email: tom.connolly@walgreens.com Web site: www.walgreens.com
Drug Store The chain operates more than 8,309 locations nationwide and in Puerto Rico and the Virgin Islands. The drug stores occupy spaces of 13,000 sq.ft. to 14,000 sq.ft. in freestanding locations, endcaps of shopping centers and urban/downtown areas. Growth opportunities are sought nationwide and in Puerto Rico during the coming 18 months.
iPic Theaters Marianne Adamo c/o Saugatuck Commercial Real Estate, LLC 9 Burr Road Westport, CT 06880 203-222-4194 Email: madamo@saugatuckcommercial.com Web site: www.saugatuckcommercial.com
Entertainment The chain operates 12 locations throughout AZ, CA, FL, IL, MD, TX, WA and WI. The movie theaters occupy spaces of 30,000 sq.ft. in freestanding, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout CT and Westchester County, NY during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC.
Xscape Theatres Chance Ragains c/o Patoka Capital 825 Northgate Boulevard New Albany, NY 47150 812-945-4006
Entertainment The two-unit chain operates locations throughout MD and OH. The movie theaters occupy spaces of 40,000 sq.ft. to 80,000 sq.ft. in malls, entertainment, lifestyle and power centers. Growth opportunities are sought in areas east of the Rocky Mountains during the coming 18 months, with representation by Patoka Capital. Typical leases run 15 years with options. Preferred demographics include a population of 150,000 within 10 miles earning $70,000 as the average household income.
Orangetheory Fitness Brian Battista c/o Jeffery Realty 116 Route 22 North Plainfield, NJ 07060 908-668-9600 Email: bbattista@jefferyrealty.com Web site: www.jefferyrealty.com
Fitness The chain operates more than 124 locations nationwide in 28 states, as well as in Canada and internationally. The fitness centers occupy spaces of 2,500 sq.ft. to 3,200 sq.ft. in mixeduse, power and strip centers. Plans call for 10 openings throughout CT, NJ and Westchester County, NY during the coming 18 months, with representation by Jeffery Realty. Typical leases run 10 years with two, five-year options. A vanilla shell is required. Preferred demographics include a population of 50,000 within three miles earning $100,000 as the average household income. The company is franchising.
The Paradies Shops, Inc. dba The Paradies Shops Bruce Feuer 2849 Paces Ferry Road Atlanta, GA 30339 404-344-7905, Fax 404-349-3226 Web site: www.theparadiesshops.com
Gifts The 550-unit chain operates locations nationwide and in British Columbia and Ontario, Canada. The stores, offering newspapers, magazines and gift items, as well as featuring branded retail products from such companies as Brooks Brothers and the PGA Tour, occupy various sized spaces in airports. Growth opportunities are sought nationwide and in Canada during the coming 18 months.
The Ratner Cos. dba Hair Cuttery Dennis Weiss 1557 Spring Hill Road, Suite 500 Vienna, VA 22182 703-269-5400 Email: dweiss@ratnerco.com Web site: www.ratnerco.com
Hair The 900-unit chain operates locations throughout the East Coast and Midwestern regions of the U.S., as well as in New England. The hair salons occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in lifestyle, neighborhood, power and strip centers. Plans call for 60 openings throughout CT, DE, FL, IL, MA, MD, NH, NJ, PA, VA and Washington, DC during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores, Target and Walmart. Preferred demographics include a population of 30,000 within three miles earning $40,000 as the average household.
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LEAD SHEET Supercuts Vicki Ezra c/o The Dartmouth Co. 205 Robin Road, Suite 120 Paramus, NJ 07652 201-712-1001 Ext. 139, Fax 201-712-1274 Email: vezra@dartco.com Web site: www.dartco.com
Hair Salon The chain operates more than 2,100 locations nationwide and in Canada and Puerto Rico. The hair salons occupy spaces of 800 sq.ft. to 1,200 sq.ft. in freestanding locations, specialty and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout Bergen, Essex, Hudson, Morris, Passaic, Sussex, Warren counties in NJ and in Orange and Rockland counties in NY during the coming 18 months, with representation by The Dartmouth Co.
Continental Girbau dba Express Laundry Centers Van Merrill 9830 Alburtis Avenue Santa Fe Springs, CA 90670 562-900-4014, Fax 562-205-0147 Email: van.merrill@continentalgirbauwest.com Web site: www.continentalgirbau.com
Laundromat The 1,000-unit chain operates locations nationwide. The laundromats occupy spaces of 1,500 sq.ft. to 7,000 sq.ft. in freestanding locations, pad sites, inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Grace Holdings dba Grace Holdings Liquors Michael Berke c/o Oxford Real Estate Services Group 388 East Main Street Branford, CT 06405 203-483-2900 Email: oxfordregroup@gmail.com
Liquor The three-unit chain operates locations throughout CT. The liquor stores occupy spaces of 5,000 sq.ft. to 35,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Oxford Real Estate Services Group. Typical leases run 10 years. Preferred cotenants include supermarkets.
Emerging Vision, Inc. dba Site for Sore Eyes and Sterling Opitcal Susan Goldberg 100 Quentin Roosevelt Boulevard Garden City, NY 11530 516-465-6995, Fax 516-390-2230 Email: customerservice@sterlingoptical.com Web site: www.sterlingoptical.com
Optical The 160-unit chain operates locations throughout CA, DE, IL, LA, MD, NJ, NY, PA, VA, WI and WV. The facilities, offering eye exams and related services and products, occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
SVS Vision Alex Bieri c/o Stokas Bieri Real Estate 660 Woodward Avenue, Suite 1500 Detroit, MI 48226 313-962-2800, Fax 313-962-5070 Email: alex@sbre1.com Web site: www.svsvision.com
Optical The chain operates more than 50 locations throughout GA, IL, IN, KY, MI, MO, NY and OH. The optical centers occupy spaces of 1,600 sq.ft. to 2,400 sq.ft. in freestanding locations and strip centers. Plans call for six to eight openings throughout MI and OH, and the Midwestern region of the U.S. during the coming 18 months, with representation by Stokas Bieri Real Estate.
Choice Pet Supply Jeff Kintzer c/o Royal Properties, Inc. 850 Bronx River Road, Suite 106 Bronxville, NY 10708 914-237-3403, 914-237-0196 Email: jeff@royalpropertiesinc.com Web site: www.royalpropertiesinc.com
Pet Supplies The 21-unit chain operates locations throughout AZ, CT and NY. The stores, offering natural and organic foods for dogs, cats, small animals and companion birds, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in anchored shopping centers. Growth opportunities are sought throughout CT, NJ and NY during the coming 18 months, with representation by Royal Properties, Inc. Preferred cotenants include Whole Foods and Trader Joe’s. Major competitors include Pet Valu and Pet Pantry.
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November 14, 2014 | Page 15
LEAD SHEET Planet Beach Franchising Corp. dba Planet Beach Automated Spa Tim Normand 5145 Tara Vella Road Marerro, LA 70072 504-361-5550 Email: tim.normand@planetbeach.com Web site: www.planetbeach.com
Service The chain operates more than 200 locations nationwide and internationally. The facilities, offering spa, massage, facial and tanning services administered via automated equipment, occupy spaces of 1,400 sq.ft. to 1,600 sq.ft. in inline spaces of grocery-anchored shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Fit2Run Ellen Smith c/o Metropolis Retail, Inc. 704 Windsor Estates Way Canton, GA 30115 678-880-0214 Email: esmith@metropolisretail.com Web site: www.metropolisretail.com
Specialty The 10-unit chain operates locations throughout FL. The stores, offering running footwear, apparel and related accessories, occupy spaces of 5,000 sq.ft. to 7,500 sq.ft. in regional shopping centers. Growth opportunities are sought throughout southern CA and FL during the coming 18 months, with representation by Metropolis Retail, Inc. The company prefers to locate in affluent areas or major regional malls.
Sunsations Jordan Lolli c/o illi Commercial Real Estate 17547 Ventura Boulevard, Suite 304 Encino, CA 91316 818-501-2212 Email: jordan@illicre.com Web site: www.illicre.com
Specialty The three-unit chain operates locations throughout Beverly Hills, Newport Beach and Santa Monica, CA. The stores, offering luxury and brand name designer travel merchandise, occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in lifestyle and tourist centers, casinos, airports and class A malls. Growth opportunities are sought nationwide during the coming 18 months, with representation by illi Commercial Real Estate. Preferred cotenants include Apple, Bloomingdales, Saks Fifth Avenue and upscale retailers. Preferred demographics include a population of 80,000 within five miles.
Schuykill Valley Sports Robert Winitsky c/o Arrow Real Estate Services 717 Limekiln Road Doylestown, PA 18901 610-400-3018 Email: robertw@arrowrealestateservices.com Web site: www.arrowrealestateservices.com
Sporting Goods The 19-unit chain operates locations throughout DE, NJ and PA. The sporting goods stores occupy spaces of 4,000 sq.ft. in regional malls, outlet and strip centers. Growth opportunities are sought throughout DE, NJ and PA during the coming 18 months, with representation by Arrow Real Estate Services. Typical leases run five years. A vanilla shell is required. Preferred cotenants include department and grocery stores, Kohl’s and Target. Preferred demographics include a trade-area population earning $70,000 as the average household income. Major competitors include Dick’s Sporting Goods and Modell’s.
Waterland Properties dba Family Video Martin Gitre 587 East Third Street Harbor Springs, MI 49740 248-763-0863 Email: martygitre@me.com Web site: www.familyvideo.com
Video The 790-unit chain operates locations throughout AL, IA, IL, IN, KS, KY, MI, MN, MO, NC, NE, NY, OH, OK, PA, SC, TN, TX and WI, as well as in Ontario, Canada. The video stores occupy spaces of 7,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout KY, MN, NC, OK, SC, TN and TX during the coming 18 months. Preferred demographics include a population of 20,000 within two miles. The company prefers to acquire sties and requires a land area of one acre.
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 16 | November 14, 2014
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TENANT REPS AND EXCLUSIVES Royal Properties, Inc. (914-237-3403) is representing Verizon Wireless with its expansion plans throughout Bergen, Hudson, Somerset, Middlesex, Essex, Passaic, Hunterdon, Monmouth, Morris, Union and Sussex, NJ. The mobile phone stores occupy spaces of 1,000 sq.ft. to 7,000 sq.ft. in pad sites and endcaps of shopping centers, as well as freestanding locations. United Commercial Realty (214-252-1137) has been appointed as the exclusive leasing and management agent for Hill Country Galleria, a 1.3-million sq.ft. mixed-use development located at the intersection of Highway 71 and Bee Cave Road in Bee Cave, TX. The site will feature a 200-unit luxury hotel, 58,000 sq.ft. of office space and a retail component. Colliers International (215-928-7575) is representing Lee Spa Nails with its expansion plans in select markets of PA. The 100-unit chain of full-service nail salons prefers to occupy spaces of 600 sq.ft. to 2,500 sq.ft. for its three different prototypes. The company prefers to locate within new power and lifestyle centers anchored by a grocery store.
Task Realty (516-509-9646) is representing Fatty Sunday’s with its expansion plans throughout New York, NY. The shops, offering gourmet chocolate covered pretzels, prefer to occupy spaces of 300 sq.ft. to 800 sq.ft. in temporary locations from November 22nd to January 2nd. RKF (212-599-3700) has been appointed as the exclusive leasing agent for the retail component of The Factory, a one-million sq.ft. commercial building located along 47th Avenue in Long Island City, Queens, NY. Retail spaces of 23,564 sq.ft. and 21,854 sq.ft. are available. Cushman & Wakefield (617-204-4150) has been appointed as the exclusive sales broker for North Quincy Plaza, an 80,510 sq.ft. shopping center anchored by a Hannaford supermarket and located in Quincy, MA. illi Commercial Real Estate (818-231-6665) is representing Valvoline Instant Oil Change with its expansion plans throughout southern CA. The automotive service centers prefer to occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. on land areas of 20,000 sq.ft. to 30,000 sq.ft. The company prefers to locate at signalized intersections with strong visibility.
Winick Realty Group (201-441-3511) is representing the following retailers with their expansion plans: Pure Barre using spaces of 1,200 sq.ft. to 2,000 sq.ft. throughout select markets in northern NJ; 1 $ Zone occupying spaces of 5,000 sq.ft. to 10,000 sq.ft. throughout NJ and Brooklyn, Queens, Long Island, Westchester County and Rockland County in NY; eastern PA and eastern CT; Eighteen Eight Fine Men’s Salons utilizing spaces of 1,500 sq.ft. to 2,000 sq.ft. throughout NJ and New York and Long Island, NY; Teriyaki Madness in spaces of 1,800 sq.ft. to 3,000 sq.ft. in Monmouth County, NJ and Gotham Costumes in spaces of 5,000 sq.ft. to 20,000 sq.ft. throughout northern NJ. DM
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REAL ESTATE PROFESSIONALS MAKING THE NEWS
SPACE PLACE California
Florida
Covina – Covina Plaza, a 112,000 sq.ft. center located at the intersection of North Grand Avenue and Covina Boulevard, has spaces from 720 sq.ft. to 23,600 sq.ft. available. Cotenants include Stater Bros. Market. The average daily traffic count is 43,000 vehicles. The monthly asking rent is $1.25 to $2 psf NNN. For more information, contact Terry Bortnick, Argent Retail Advisors, 888-3011888 Ext. 2.
868-4595; Email: sd@highstreetretailusa.com; Web site: www.highstreetretailusa.com.
Stockton – Lakeside Plaza, located at the intersection of East Grand Canal Boulevard and Venezia Boulevard, has spaces from 300 sq.ft. to 8,477 sq.ft. available. Cotenants include Marshalls, Stronger Fitness, Lakeside Market and Lollicup Tea Zone. Area demographics include a population of 284,635 within five miles earning $57,029 as the average household income. The average daily traffic count is 41,758 vehicles along March Lane. The monthly asking rent is $0.65 to $1.25 psf NNN. For more information, contact Ben Rishwain, Colliers International, 3439 Brookside Road, Suite 108, Stockton, CA 95219; Email: ben.rishwain@colliers.com; Web site: www.colliers.com.
Florida Boca Raton – Shops at Boca Grove, a 77,130 sq.ft. neighborhood center located at the intersection of Boca Grove Boulevard and Powerline Road, has spaces available. Cotenants include Bonefish Grill, Anthony’s Coal Fired Pizza, Domino’s Pizza and Jidai Kaiten Sushi. Area demographics include a population of 343,850 within five miles earning $77,498 as the average household income. For more information, contact Isram Realty & Management, Inc., 506 South Dixie Highway, Hallandale, FL 33009; 954455-2822, Fax 954-455-9384; Web site: www.isramrealty.com. Homestead – A strip center located at the intersection of Campbell Drive and 43rd Avenue, has an inline space of 1,250 sq.ft. available, along with a corner space of 1,250 sq.ft., and a 2,500 sq.ft. corner space with a drive thru. Area demographics include a population of 139,111 within five miles earning $44,762 as the average household income. The average daily traffic count is 65,000 vehicles. For more information, contact Sharon Dresser, High Street Retail USA, 3610 Northeast 1st Street, Miami, FL 33137; 305Dealmakers Magazine | www.dealmakers.net
Jacksonville – A center located at the intersection of Lem Turner Road and Armsdale Road, has a space of 1,200 sq.ft. available. Cotenants include Dollar Tree, China Wok and Menz Fashion House. Area demographics include a population of 70,643 within five miles earning $51,938 as the average household income. The average daily traffic count is 17,099 vehicles. The asking rent is $16 psf NNN. Oviedo – Oviedo on the Park, a 14,500 sq.ft. center located at the intersection of City Plaza Way and Mitchell Hammock Road, has spaces available. Area retailers include Walgreens, Walmart Supercenter, LA Fitness, Staples, Home Depot and McDonald’s. Area demographics include a population of 124,228 within five miles earning $83,348 as the average household income. For more information regarding the Jacksonville property, contact Jacqueline Pace, Cursor Realty Commercial, 407-6227772; Email: jackie@cursorflorida.com; Web site: www.cursorflorida.com. For more information regarding Oviedo on the Park, contact Willow Shambeck or Vanesa Cortes; Email: willow@cursorflorida.com. Key Largo – Tradewinds Shopping Center, a 207,365 sq.ft. center located at the intersection of US Highway 1 and Samson Road, has spaces from 1,173 sq.ft. to 3,353 sq.ft. available. Cotenants include Kmart, Publix, Radio Shack, Bealls, GNC, Curves and H&R Block. Area demographics include a population of 9,661 within five miles earning $72,196 as the average household income. The average daily traffic count is 24,000 vehicles along US Highway 1. For more information, contact Susana Hernandez-Hazzi, Kimco Realty, 1 Oakwood Boulevard, Suite 70, Hollywood, FL 33020; 954-956-2116; Email: shazzi@kimcorealty. com; Web site: www.kimcorealty.com. Lakeland – The Groves, a 54,434 sq.ft. neighborhood shopping center located at the intersection of US Highway 98 and Lakeland Park Center Drive, has an anchor space of 43,994 sq.ft. available, along with a 5.8 acre pad site. Area retailers include Cinemark, JC Penney, Sports Authority, Macy’s, Dillard’s and Sears. Area demographics include a population of 173,855 within five miles earning $53,540 as the average household income. The average daily traffic count is 75,000 vehicles along US Highway 98. (continued on page twenty)
Pryor Cashman, LLP (212-421-4100) recently hired Neil Weisbard as counsel and leader of the zoning and land use practice at the firm’s New York, NY office. In his new role, Weisbard will represent and advise developers, property owners and others involved in the zoning, construction and administrative law matters of new developments. The Goldstein Group (201-703-9700) recently hired Eric Wallis as part of the company’s leasing and sales team. The firm specializes in landlord and tenant representation, investment sales and management services throughout NJ and is a member of Retail Brokers Network. Avison Young (919-420-1588) recently hired Beverly Keith as senior vice president of retail brokerage. In her new position, Keith will focus on leasing, management and development oversight for retail properties throughout NC. Prior to joining the company, she served at Trinity Partners as senior director of retail services. Passov Real Estate Group (216-8318100) recently hired Ann Ertle as a sales associate. The brokerage company serves the OH market. DM
SOURCES OF FINANCING Pacific Southwest Realty Services recently negotiated $3.5 million in refinancing for the redevelopment of a 9.77-acre parcel anchored by Target and located at the intersection of East 17th Street and North Grand Avenue in Santa Ana, CA. The loan features a 20-year term, 20-year amortization period and a 4.5% interest rate. For more information, contact Pacific Southwest Realty Services, 3 Corporate Park, Suite 260, Irvine, CA 92606; 949-475-1478. Johnson Capital recently arranged $62.275 million in refinancing for a portfolio consisting of five retail properties throughout CA, CO and ND and totaling 734,199 sq.ft. The properties include Foothill Plaza Shopping Center anchored by Tuesday Morning; Front Gate Plaza anchored by Stater Bros. Supermarket and Gateway Fashion Mall anchored with Sears. For more information, contact Johnson Capital, 488 Madison Avenue, Suite 1100, New York, NY 10022; 212-888-9261. DM November 14, 2014 | Page 19
SPACE PLACE Florida (continued from page nineteen)
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. Orlando – Lee Road Shopping Center, a 170,893 sq.ft. center located at the intersection of Lee Road and Adanson Street, has spaces of 1,400 sq.ft., 10,648 sq.ft. and 40,000 sq.ft. available, along with outparcels of 2,000 sq.ft. and 5,000 sq.ft. Cotenants
Florida
Florida
include Walmart Neighborhood Market, Sam Ash Music, Family Dollar, McDonald’s, Sir Speedy and La Spada Original Hoagies. Area demographics include a population of 257,047 within five miles earning $61,543 as the average household income. The average daily traffic count is 42,000 vehicles. For more information, contact Brian Hector, Woolbright Development, 407-3403361; Email: bhector@woolbright.net.
has spaces from 1,170 sq.ft. to 4,444 sq.ft. available. Cotenants include Kobe Japanese Steakhouse, Hooters, Backstage Billiards and Black Fire Bull Steakhouse. The average daily traffic count is 132,651 vehicles along Interstate 4. For more information, contact Phil Carter, Quest Co., 1180 Spring Centre South Boulevard, Suite 102, Altamonte Springs, FL 32714; 407-786-4001 Ext. 246; Email: phil@questcompany.com; Web site: www.questcompany.com.
Orlando – Vista Centre Shoppes, a 103,019 sq.ft. center located along Palm Parkway,
HEB / BigLots Center RETAIL PAD SITE 2202 E. SAUNDERS AVE. (HWY 59), LAREDO, TX
FOR LEASE
• Located at the Corner of Saunders and Bartlett Ave. • 2,856 sq.ft. Stand Alone Building with Patio and Outdoor Storage • Parking Spaces – 28 • Restrooms – 2 • Drive Thru Window Access • Highly Desirable Area • Building may be removed and reconstructed
Jay Jaweed | jay@tamkin.com Tamkin Development Corporation 11755 Wilshire Blvd. #2350 Los Angeles, CA 90025 Phone: (310) 575-9447 | Fax: (310) 573-9350
Page 20 | November 14, 2014
Pembroke Pines – Big Lots Plaza, located at the intersection of Pines Boulevard and University Drive, has a space available. Cotenants include Big Lots, Hooters, Porter Paints, Metro PCS and La Granja. For more information, contact Ross Realty Investments, 954-452-5000 Ext. 220; Email: info@ross-realty.com. Sarasota – Sarasota Pavilion, located at the intersection of South Tamiami Trail and Stickney Point Road, has spaces from 1,213 sq.ft. to 22,540 sq.ft. available. Cotenants include Publix, Michaels, Bed Bath & Beyond, Ross Dress for Less, Marshalls, Stein Mart, Books-A-Million and Bealls Outlet. Area demographics include a population of 113,330 within five miles earning $73,766 as the average household income. Sebring – DeSoto Square, located at the intersection of US Highway 27 and DeSoto Road, has spaces from 900 sq.ft. to 3,750 sq.ft. available. Cotenants include Winn-Dixie, Subway, China One, Radio Shack, Family Dollar, BeBe’s Tobacco and Capital Pawn. Area demographics include a population of 34,358 within five miles earning $43,284 as the average household income. The average daily traffic count is 31,000 vehicles along US Highway 27. For more information, contact Ryan Derriman or Michaelann Murphy, Franklin Street Real Estate, 813-6583359/3369, Fax 813-839-7330; Email: ryan.derriman@franklinst.com; Web site: www.franklinst.com. Valrico – Eastshore Plaza, a 24,967 sq.ft. center located along State Route 60 East, has a space of 1,380 sq.ft. available. Cotenants include Goodyear Tire, Century 21 Shaw Realty, La Bella Notte Ristorante and Best of India. Area demographics include a population of 75,849 within three miles earning $67,958 as the average household income. (continued on page twenty-two)
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SPACE PLACE Florida (continued from page twenty)
For more information, contact Pauline Pappas, Pappas Retail Leasing & Management, Inc., PO Box 48547, St. Petersburg, FL 33743; 727-347-5796, Fax 727-345-5722; Email: prlm@prlminc.com; Web site: www.prlminc.com.
Illinois Addison – Cross Pointe Green, located along Rohlwing Road, has a space of 42,341 sq.ft. available. Area retailers include The Room Place, Jimmy John’s, Burger King and McDonald’s. Area demographics include a population of 291,263 within five miles earning $84,146 as the average household income. For more information, contact Luke Sementa, James Schutter or Geoffrey Kasselman, Newmark Grubb Knight Frank Retail, 500 West Monroe Street, Suite 2900, Chicago, IL 60661; 312-224-3974/312-2243210/773-957-1426; Email: lsementa@ngkf.com. Berkeley – Berkeley Plaza, a 56,724 sq.ft. neighborhood center located at the intersection of St. Charles Road and Wolf Road, has spaces from 2,000 sq.ft. to 5,735 sq.ft. available. Cotenants include Berkeley Finer Foods, Beauty Max, Bronco Resale Shop, Dotty’s Café, Subway and Pizza Hut. Area demographics include a population of 322,276 within five miles earning $79,124 as the average household income. For more information, contact Eddie Palacios or Andy Patras, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5628/5621, Fax 630-472-1019; Email: epalacios@edgemarkllc.com; Web site: www.edgemarkllc.com. Chicago – An endcap corner space of 9,000 sq.ft. is available at the intersection of Washington Boulevard and Morgan Street. Area retailers include Flat Top Grill, Subway, La Sardine and Chi-Town Eatery. Area demographics include a population of 42,229 within one mile earning $119,907 as the average household income. For more information, contact Doug Renner or Trevor Jack, Baum Realty Group, 312-275-3137/3128; Email: doug.renner@baumrealty.com; Web site: www.baumrealty.com. Chicago – North Harlem Shopping Center, located along North Harlem Avenue, has a space of 1,400 sq.ft. available. Cotenants include Avon, Coluta’s Pizza, Chop Page 22 | November 14, 2014
Illinois
Illinois
Stick Express and Class A Cleaners. Area demographics include a population of 300,681 within three miles earning $69,109 as the average household income. The asking rent is $18 psf NNN. Lincolnwood – The Shoppes at Lincoln Pointe, a mixed-use development located at the intersection of Touhy Avenue and Lincoln Avenue, has retail spaces available. Area retailers include Best Buy, Office Max, PetSmart, AMC Theatres, Bed Bath & Beyond, Walmart, Lowe’s and Xsport Fitness. Area demographics include a population of 789,556 within five miles earning $78,841 as the average household income. The average daily traffic count is 62,000 vehicles. For more information, contact Tony Kahan or Rich Kahan, KB Real Estate, Inc., 790 West Frontage Road, Suite 315, Northfield, IL 60093; 847-441-4424/4425; Email: tkahan@kbrealestate.com; Web site: www.kbrealestate.com.
earning $80,925 as the average household income. The average daily traffic count is 28,000 vehicles. For more information, contact Matthew Tarshis or Joshua Joseph, Frontline Real Estate Partners, 707 Skokie Boulevard, Suite 580, Northbrook, IL 60062; 847-542-9058/847770-6262, Fax 847-919-3816/4376; Email: mtarshis@frontlinerepartners.com; Web site: www.frontlinerepartners.com.
Chicago – A 2,170 sq.ft. corner retail space is available at the intersection of Milwaukee Avenue and Concord Place. Area retailers include Core Power Yoga, Hair Cuttery, Wing Stop and Goddess & Grocer. Area demographics include a population of 533,064 within three miles earning $96,250 as the average household income. The asking rent is $30 psf NNN. For more information, contact Scott Fithian, The Lord Cos., 1033 West Van Buren Street, 7th Floor, Chicago, IL 60607; 773-404-4314; Email: scott@lordcompanies.com. Lincolnshire – Lincolnshire Commons, a 130,000 sq.ft. center located at the intersection of Milwaukee Avenue and Aptakisic Road, has spaces from 1,479 sq.ft. to 32,000 sq.ft. available. Cotenants include White House | Black Market, Noodles & Co., Sprint, DSW, Chico’s, Jos. A. Bank, Fleming’s Steakhouse, Naf Naf Grill, Chipotle and The Cheesecake Factory. Area demographics include a population of 176,000 within five miles earning $113,983 as the average household income. For more information, contact Steven Baer, Metro Commercial Real Estate, 847-412-9898, Fax 847-412-0101; Email: sbaer@metrocre.com; Web site: www.metrocre.com. Mount Prospect – Countryside Court Shopping Center, a neighborhood center located along South Elmhurst Road, has spaces from 1,000 sq.ft. to 1,450 sq.ft. available. Area demographics include a population of 120,701 within three miles
Indiana Greenfield – Greenfield Corner Shoppes, a 15,663 sq.ft. center located at the intersection of New Road and State Road 9, has spaces of 888 sq.ft. and 1,600 sq.ft. available, which can be combined. Cotenants include Starbucks, Qdoba, American Mattress, Supercuts and Papa Murphy’s. Area demographics include a population of 28,163 within five miles earning $66,796 as the average household income. For more information, contact Jeff Hubley, Midland Atlantic, 9000 Keystone Crossing, Suite 850, Indianapolis, IN 46240; 317-5809900; Email: jhubley@midlandatlantic.us; Web site: www.midlandatlantic.com. Indianapolis – Castleton Point, a 92,517 sq.ft. center located at the intersection of East 82nd Street and Allisonville Road, has spaces of 1,500 sq.ft. and 6,400 sq.ft. available. Cotenants include Trader Joe’s, Bridal Superstore, Clark Appliance, Penzey’s Spices and Five Guys Famous Burgers & Fries. Area demographics include a population of 225,323 within five miles earning $78,084 as the average household income. For more information, contact John Beuoy, Broadbent Co., 117 East Washington Street, Suite 300, Indianapolis, IN 46204; 317-237-2900, Fax 317-237-2953; Email: jbeuoy@broadbentco.com.
Maine Bangor – Airport Mall, a 228,033 sq.ft. center located at the intersection of Union Street and Griffin Road, has a 17,000 sq.ft. inline space available, which can be divided. Cotenants include Marshalls, Dollar Tree, Ocean State Job Lot, Hannaford, Rent-ACenter, Radio Shack, Pet Pro, Subway and McDonald’s. Area demographics include a population of 59,610 within seven miles earning $61,636 as the average household income. The average daily traffic count is 14,000 vehicles. (continued on page twenty-four)
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STATE OF THE INDUSTRY (continued from page seven)
sold their properties are selling because the offers they are receiving are insanely high.” He further explained, “They can’t resist some of the offers they are seeing and these buyers are willing to close in all cash deals within five days. No due diligence. These buyers just want a foothold in the Austin market. It’s pretty amazing to see how hot the Austin market is right now.” Davidson added that land prices have risen exponentially in the Texas market. Currently, consumers in Texas are eager to shop. Simmonds expects a significant increase in holiday spending and that consumer spending is on track to remain strong as long as international market shake-ups stay to a minimum. McMurrey also anticipates a strong spending holiday season. He added, “Austin has become a mecca for artists and tourists, which further strengthens consumer confidence and spending throughout the area.” Davidson explained, “In September of 2014 the Dallas Fed reported that 45.3% of retailers’ sales in Texas increased – which is 8.2% higher than August. In addition, 16.5% of retailers in Texas had a decline in sales in August – a rate that dropped to 9.8% in September. FedEx predicts that deliveries between Thanksgiving and Christmas Eve will rise 8.8% over the last year to approximately 290 million shipments.” Szymanski added, “I believe the consumer feels slightly more comfortable but still cautious. Texas has fared better than other parts of the country. I do see other markets gaining headway as well but having longer lead times to develop, so they are lagging behind Texas but should catch up over the next year and into 2016. The holiday season should be strong with all the growth and new industry coming to Texas.” The state of the retail real estate industry remains strong throughout Texas, and the future looks bright. For more information, contact Bryan Cornelius, Venture Commercial; 214378-1212; Email: bcornelius@venturedfw.com David Davidson Jr., Venture Commercial; 214-378-1212; ddavidson@venturedfw.com Bryan McMurrey, CBRE, Inc.; 512-217-1295; Email: bryan.mcmurrey@cbre.com
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David Simmonds, Retail Solutions; 512-9170416; Email: david@retailsolutions.us Jill Szymanski, Dessange North America; 214-218-2730; scubajill@gmail.com DM
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November 14, 2014 | Page 23
SPACE PLACE Maine (continued from page twenty-two)
For more information, contact Dan Zelson, Charter Realty & Development, 203-2272922; Email: dan@chartweb.com.
Massachusetts Fairhaven – A center located at the intersection of Washington Street and Elizabeth Street, has a space available. Area retailers include Shaw’s, Auto Zone and Olympia Sports. Area demographics include a population of 123,365 within five miles earning $51,940 as the average household income. For more information, contact James Goldsmith, Gator Investments, 1595 Northeast 163rd Street, North Miami Beach, FL 33162; 877-459-9605; Email: sales@gatorinvestments.com; Web site: www.gatorinvestments.com.
New Jersey Mays Landing – Festival at Hamilton, a 182,500 sq.ft. center located along Black Horse Pike, has up to 9,300 sq.ft. of space available. Cotenants include Acme, Dunkin’ Donuts, JoAnn Fabrics, Pier 1 Imports, Pets Plus, The UPS Store, Anytime Fitness, Sleepy’s and PNC Bank. Area demographics include a population of 46,836 within five miles earning $74,697 as the average household income. The average daily traffic count is 29,431 vehicles. For more information, contact Nicole Johnson or Julie T, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732-961-8123/8136, Fax 732-8861690; Email: njohnson@paramountrealty.com; Web site: www.paramountrealty.com. Newark – A 10,800 sq.ft. ground floor space is available at the intersection of Springfield Avenue and Morris Avenue. Area retailers include Auto Zone, Dunkin’ Donuts, RS Strauss, Home Depot, Applebee’s, TD Bank and Newark Screens. For more information, contact Robert Weber or Louis Eisinger, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2614/2629, Fax 212-792-2660; Email: bweber@winick.com; Web site: www.winick.com. Raritan – Raritan Shopping Center, a 119,993 sq.ft. center located at the intersection of Route 206 and Orlando Drive, has spaces from 1,600 sq.ft. to 12,000 sq.ft. available. Cotenants include Stop & Shop, Plato’s Closet and Subway. Area demographics Page 24 | November 14, 2014
New Jersey include a population of 116,808 within five miles earning $102,538 as the median household income. For more information, contact Michael Rawlins, Curtis Nassau or Daniel Zappala, Ripco Real Estate, 125 Chubb Avenue, Suite B, Lyndhurst, NJ 07071; 201-777-2300, Fax 201-777-2314; Email: mrawlins@ripconj.com; Web site: www.ripconj.com. Wall Township – The Orchards at Wall Shopping Center, located along Route 35 North, has a space of 2,700 sq.ft. available. Cotenants include Pier 1 Imports, Jersey Grille, Via Veneto II and The Glass Slipper Boutique. Area demographics include a population of 53,905 within three miles earning $96,050 as the average household income. For more information, contact Florham Realty Management, LLC, 1075 Route 34, Suite G, Aberdeen, NJ 07747; 732583-1200, Fax 732-583-5050; Email: info@florhamrealty.com; Web site: www.florhamrealty.com.
New York New York – One New York Plaza, located at the intersection of Broad Street and Water Street, has spaces of 664 sq.ft., 848 sq.ft., 1,911 sq.ft. and 8,852 sq.ft. available. Cotenants include Chipotle, Starbucks, Retro Fitness, Chop’T, Gateway Newstands and Cobbler Express. Also – An 11,899 sq.ft. ground floor space, with a 3,000 sq.ft. basement, is available at the intersection of Park Avenue South and East 27th Street. Area retailers include Lacoste, Sarabeth’s, The Hurricane Club, Bank of America, California Pizza Kitchen, Citibank and Gregory’s Coffee. For more information regarding the Broad Street property, contact Steven Baker or Kenneth Hochhauser, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2636/2605, Fax 212792-2660; Email: stevenb@winick.com; Web site: www.winick.com. For more information regarding the Park Avenue property, contact Steven Baker or Aaron Fishbein, 212-7922611; Email: afishbein@winick.com. Staten Island – Eltingville Shopping Center, a 55,914 sq.ft. center located along Amboy Road, has spaces of 1,200 sq.ft. and 7,083 sq.ft. available. Cotenants include Rite Aid, Perkins, Advance Auto Parts, Carvel and Subway. Area demographics include a population of 300,574 within five miles earning $92,094 as the average household income.
New York For more information, contact Bergman, Muss Development, 118-35 Queens Boulevard, Forest NY 11375; 718-263-3800 Ext. Email: bbergman@muss.com; Web www.muss.com.
Bill LLC, Hills, 307; site:
Pennsylvania Carlisle – Carlisle Crossing, a 368,363 sq.ft. center located along Westminster Drive, has inline spaces from 1,200 sq.ft. to 14,800 sq.ft. available, along with pad sites. Cotenants include Dollar Tree, Old Navy, Red Robin, Target, Kohl’s, Verizon Wireless, Subway, PetSmart and Starbucks. Area demographics include a population of 47,735 within five miles earning $68,915 as the average household income. The average daily traffic count is 5,000 vehicles. For more information, contact Dan Zelson, Charter Realty & Development, 203-2272922; Email: dan@chartweb.com. Lancaster – A 6,080 sq.ft. freestanding former Mexican grocery store is available along Lincoln Highway East. Area demographics include a population of 148,214 within five miles earning $61,293 as the average household income. The average daily traffic count is 12,000 vehicles. The asking rent is $14 psf NNN. For more information, contact Wilay Boensch, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Email: wboensch@lms-pma.com; Web site: www.lms-pma.com.
Texas Austin – A center located at the intersection of Lamar Boulevard and Airport Boulevard, has a space of 1,058 sq.ft. available. Area demographics include a population of 157,476 within three miles earning $60,898 as the average household income. The asking rent is $14 psf NNN. Killeen – Expressway Plaza, located along Lowes Boulevard, has an inline space of 1,000 sq.ft. available, along with an endcap space of 1,600 sq.ft. Area retailers include Walmart, Kohl’s, Home Depot, JC Penney, Sears, Lowe’s, Walgreens and Starbucks. Area demographics include a population of 162,082 within five miles earning $56,335 as the average household income. The asking rent is $26 psf NNN. For more information regarding the Austin property, contact Cole Brodhead, Retail Solutions, 3724 Executive Center (continued on page twenty-six)
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retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? Tenant Search includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches online can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any Web browser online, access up-todate information, print letters and save searches. Get the details on over 5,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise; Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and TenantSearch users receive leads daily via email for online users. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and retail uses you desire, and within seconds you’ll have a list of prospective tenants for your location.
Call 1-800-732-5856 or visit our website at www.tenantsearch.com
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SPACE PLACE Texas (continued from page twenty-four)
Drive, Suite 220, Austin, TX 78731; 512788-2717; Email: cole@retailsolutions.us; Web site: www.retailsolutions.us. For more information regarding Expressway Plaza, contact Carter Bailey, 512-820-5174; Email: carter@retailsolutions.us. Houston – Antoine Square, located at the intersection of Antoine Drive and Hardway Street, has a space of 24,154 sq.ft. available. Cotenants include King Dollar and Auto Zone. Area demographics include a population of 349,997 within five miles earning $59,697 as the average household income. For more information, contact James Goldsmith, Gator Investments, 1595 Northeast 163rd Street, North Miami Beach, FL 33162; 877-459-9605; Email: sales@gatorinvestments.com; Web site: www.gatorinvestments.com. Port Arthur – Port Plaza Centre, located at the intersection of Jimmy Johnson Boulevard and Memorial Boulevard, has inline spaces from 1,200 sq.ft. to 12,000 sq.ft. available,
Texas
Virginia
along with junior anchor and anchor spaces from 10,000 sq.ft. to 52,000 sq.ft. available, and pad sites from 0.81 acres to four acres. Cotenants include Conn’s and Boot Barn. Area demographics include a population of 88,031 within five miles earning $61,149 as the average household income. The average daily traffic count is 72,080 vehicles along Memorial Boulevard. For more information, contact Lyle Cowand or Terence Bell, Retail Solutions, 281-445-0033; Email: lyle@retailsolutions.us.
For more information, contact Clint Greene or Ellen Long, Taylor Long Properties, 10142 West Broad Street, Glen Allen, VA 23060; 804-864-9788 Ext. 104/101, Fax 804-864-9789; Email: clintgreene@taylorlongproperties.com; Web site: www.taylorlongproperties.com.
Virginia Mechanicsville – Cold Harbor, a 55,240 sq.ft. neighborhood center located along Stonewall Parkway, has inline spaces of 1,140 sq.ft., 1,722 sq.ft. and 2,860 sq.ft. available, along with endcap spaces of 3,200 sq.ft. and 4,260 sq.ft. Cotenants include Rite Aid. Area demographics include a population of 144,489 within five miles earning $57,554 as the average household income. The average daily traffic count is 25,247 vehicles at the intersection of Mechanicsville Bypass and Cold Harbor Road.
Norfolk – East Beach Marketplace, a 182,324 sq.ft. center located at the intersection of Shore Drive and Little Creek Road, has spaces from 1,000 sq.ft. to 32,900 sq.ft. available. Cotenants include Food Lion, Planet Fitness, CVS, Family Dollar, Radio Shack, Metro PCS, Ruby Tuesday, Subway, Papa John’s and H&R Block. Area demographics include a population of 185,528 within five miles earning $62,856 as the average household income. For more information, contact George Fox or Denbeigh Marchant, Wheeler Real Estate Co., Riversedge North, 2529 Virginia Beach Boulevard, Suite 200, Virginia Beach, VA 23452; 757-627-9088, Fax 757-627-9081; Email: george@wheelerrec.com; Web site: www.wheelerint.com. DM
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Owning and Operating Grocery Anchored Retail Centers Nationwide since 1979
Leasing OppOrtunities natiOnwide
ASHBROOK COMMONS Ashburn, VA 198,589 SF Power Center 1,048 - 3,014 SF Available
ARBORLAND CENTER Ann Arbor, MI 403,814 SF Power Center 6,396 - 14,420 SF Available
CLAYTON LANE - Denver, CO 335,064 SF Mixed-use Development in Cherry Creek North 1,505 - 25,000 SF Available
TIFFANY PLAZA - Denver, CO 214,411 SF Whole Foods Anchored Neighborhood Center 1,442 - 7,415 SF Available
BALLANTYNE COMMONS EAST Charlotte, NC 150,926 SF Harris Teeter Anchored 1,131 - 1,797 SF Available
HARMONY MARKETPLACE Fort Collins, CO 350,593 SF Power Center 1,201 - 2,000 SF Available
Please contact Ira Shwartz IShwartz@AmCap.com
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OWN. DEVELOP. ACQUIRE. As a pure retail REIT, we are moving forward by expanding in major growth markets and recycling our portfolio.
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