Dealmakers Magazine | November 16, 2012

Page 1

Reporting The Nation’s Weekly News on Retailing & Retail Real Estate

Volume XXVII No. XLIV

November 16, 2012

Home-Related Chains Expand Nationwide Harbor Freight Tools operates 400 locations nationwide. The stores, offering power, hand and air tools, as well as engines, generators, automotive products, household items and garden supplies, occupy spaces of 15,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. The company is working in conjunction with Newmark Grubb Knight Frank. For more information, contact Jay Cohen, L3 Corp., 12655 Olive Boulevard, Suite 220, St. Louis, MO 63141; 314-469-7400, Fax 314576-9768; Email: jay@l3corp.net; Web site: www.l3corp.net. Armstrong Garden Center operates 31 locations throughout CA. The centers, offering home and garden gifts, houseplants, garden accents, tools and supplies, occupy spaces of 6,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout northern and southern CA during the coming 18 months. Typical leases run 15 years with two, five-year options. The company requires an outdoor selling space of 32,000 sq.ft., situated on a land area of 55,000 sq.ft. For more information, contact Monte Enright, Armstrong Garden Center 2200 East Route 66, Suite 200, Glendora, CA 91740-4673; 626-914-1091, Fax 626-335-0257; Web site: www.armstronggarden.com.

MOR furniture for less operates 24 locations throughout AZ, CA, ID, OR, NM, NV and WA. The stores, offering bedroom, living room and dining room furniture, occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. in power centers. Growth opportunities are sought throughout AZ during the coming 18 months, with representation by Colliers International. Preferred cotenants include Super Target and Walmart Supercenter. Pier 1 Imports operates 1,000 locations nationwide and internationally. The stores, offering home décor items and seasonal products, occupy spaces of 8,000 sq.ft. in power centers. Growth opportunities are sought throughout AZ during the coming 18 months, with representation by Colliers International. Sleep America operates locations throughout AZ. The bedding stores occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. on endcaps of pad sites. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Colliers International. Typical leases run five years. A vanilla shell is required. Preferred cotenants include Target and T.J. Maxx. For more information, contact Tom Woods or Brian Woods, Colliers International, 2390 East Camelback Road, Suite 100, Phoenix, AZ 85016; 602-222-5031, Fax 602-222-5080; Email: tom.woods@colliers.com and brian.woods@colliers.com; Web sites: www.morfurniture.com, www.pier1.com and www.sleepamerica.com. (continued on page fourteen)

This issue contains information on:

* Retailers operating 34,000 locations with plans to open 2,109 sites * Real estate valued in excess of $35 million to be bought, sold & financed * Leasing activity on over 4.6 million sq.ft. of retail properties

Important News Please Expedite

Postmaster: Periodical

Featuring ICSC South Florida IDEX New Construction Retail Street Advisors preleasing mixed-use center in Las Colinas, TX.................. Pg. 3 Exclusives The Dartmouth Co. reps tenants in CT, NJ and NY....... Pg. 4 Who’s Opening & Where 85°C Bakery Café calls for more sites in CA.................... Pg. 5 Ashley Furnture HomeStore to enter OK............................ Pg. 5 Food-Related Chains Expand BJ’s Restaurant and Brewhouse seeking locations in AZ......... Pg. 6 Buyers & Sellers LGB Realty and Development explores acquisitions in the southeastern states................. Pg. 7 Making The News Lee & Associates adds to its SC presence........................... Pg. 8 Sources of Financing Cronheim Mortgage closes $28 million loan for center in FL...................................... Pg. 8 Lease Signings SCG Retail closes two Whole Foods deals in NY................. Pg. 8 Lead Sheet Stage Stores continues national expansion................ Pg. 9 Blast Fitness pumped on growth nationwide................ Pg. 10 Rack Room Shoes plans to open up to 30 stores.............. Pg. 11 Space Place........................... Pg. 14

For more news go to: www.dealmakers.net Mobile Access Code: southFL2012


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Dealmakers Magazine | November 16, 2012 by The Dealmakers Magazine - Issuu