Dealmakers Magazine | November 25, 2011 by The Dealmakers Magazine

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

Volume XXVI No. XLV

November 25, 2011

Home-Related Chains Expand Nationwide Century Supply Co. trades as Century Tile & Carpet at 12 locations throughout IL. The stores, offering floor coverings, tile and carpet, occupy spaces of 15,000 sq.ft. to 18,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during 2013. The company prefers to acquire sites. For more information, contact Phil Spiewak, Century Supply Co., 747 East Roosevelt Road, Lombard, IL 60148; 630-873-8224, Fax 630873-8324; Email: phils@century-tile.com; Web site: www.century-tile.com. E.C. Barton & Co. trades as Grossman’s Bargain Outlet at 56 locations throughout MA, NY, OH and RI. The home improvement stores, offering building supplies, cabinetry, flooring and tile and bath and kitchen products, as well as outdoor living items, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets, as well as CT and NH, during the coming 18 months, with representation by Horn Cos. The company requires 5,000 sq.ft. to 10,000 sq.ft. for an outdoor display area, and requires site submittals to be sent via email. The company also trades as Barton’s Builders Material Co., Design Center and Surplus Warehouse at 54 locations throughout AL, AR, FL, LA, MA, MO, MS, NC, NH, NY, OH, PA, RI, SC, TN and TX. For more information, contact Tom Hornstein, Horn Cos., 3426 Burnet Avenue, Syracuse, NY 13206; Email: horncompanies@gmail.com; Web site: www.bargain-outlet.com.

The Alley operates five locations throughout CA. The stores, offering unique gifts, home décor items and kitchen accessories, as well as furniture, pillows, mirrors, frames and wall hangings, occupy spaces of 15,000 sq.ft. to 30,000 sq.ft. in freestanding locations and power and specialty centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Marek, Inc. Typical leases run five to 10 years. Preferred cotenants include Target and T.J. Maxx. Preferred demographics include a population of 10,000 within five miles earning $80,000 as the average household income. For more information, contact William Marek, Marek, Inc., 80250 Highway 111, Indio, CA 92201; 760-347-7200, Fax 760-345-1076; Web site: www.thealley.info. Bill’s Carpet Fair, Inc. trades as Bill’s Carpet Fair at six locations throughout MD. The stores, offering hardwood flooring, carpet, laminates and area rugs, as well as offering professional installation services, occupy spaces of 6,000 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. For more information, contact Maureen Anderson, Bill’s Carpet Fair, Inc., 7100 Rutherford Road, Baltimore, MD 21244; 410-298-5800, Fax 410-298-4849; Web site: www.billscarpetfair.com. (continued on page twenty-five)

This issue contains information on:

* Retailers operating 34,977 locations with plans to open 3,037 sites * Real estate valued in excess of $494.2 million to be bought, sold & financed * Leasing activity on over 6 million sq.ft. of retail properties

Important News Please Expedite

Postmaster: Periodical

Featuring Pre-Show ICSC New York National Conference Observations & Conversations Pg. 4 Buyers and Sellers Nassimi Realty, LLC looks to acquire properties throughout the eastern U.S...................... Pg. 6 New Construction U.S. Realty Associates is preleasing a 164,000 sq.ft. project in Philadelphia, PA.... Pg. 12 Openings Trader Joe’s to open its first upstate NY location............... Pg. 14 Food Retailers Expand D’Vida Health Bar to open 12 locations in Long Island and Pg. 15 New York, NY Sources of Financing The Venture Capital Group NY provides financing for commercial properties nationwide............................ Pg. 20 In the News SRS Real Estate Partners hired Mark Kapnick as senior vice president of its New York, NY office..................................... Pg. 27 Lease Signings Prudential Douglas Elliman negotiated a lease with Buccellati in New York, NY.... Pg. 28 Lead Sheet Primrose seeking sites in NJ and eastern PA...................... Pg. 29 Cellular Connections to open locations in 19 states and Washington, DC.................... Pg. 30 Exclusives Welco Realty, Inc. represents retailers throughout NJ and NY........................................ Pg. 36 Space Place........................... Pg. 36 ICSC New York Floor Plan.... Pg. 40 Most Valuable Players........... Pg. 46

For more news go to: www.dealmakers.net Mobile Access Code: preNY2011

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Observations & Conversations The Northeast is faring well and signs of recovery are starting to emerge. Welcome to our pre-show edition for the ICSC’s New York Conference. It’s that time of year again, when the masses invade Gotham City, aka the Big Apple, in hopes of making their next fortune. The ICSC New York show next month is expected host around 7,000 retail real estate dealmakers. Mayor Bloomberg is the keynote speaker for the opening day of the show, and the turnout should be great. Following the Mayor is the ever-popular Retail Runway, featuring Athleta, Denny’s, Fairway Market, Five Below, LA Fitness, Modell’s, Party City, Smashburger and Unleashed by PetCo, all giving an overview of their expansion plans – barring a delayed plane or other mishap. After you get your fill of the Retail Runway, David Henry, the ICSC Chairman and CEO of Kimco Realty, will speak about his outlook on our industry, and then after a day of dealmaking, it’s drinks and noshing at the ICSCsponsored cocktail party. The second day of the show has a session on leasing and development in a vertical retail urban environment, along with another full day of dealmaking. A new feature for this year’s New York show is social media pavilions, where you can get free Wi-Fi, charge your batteries and just take a breather from being on your feet. I think the New York conference has the potential to jump-start the new year and make way for a long-awaited positive outlook for the retail real estate industry. This pre-show issue of The Dealmakers is essential to read cover-to-cover; not only will you find great leads in our news copy, but our advertising space is also a must-read if you’re looking to lease, acquire or sell retail space, as well as a great source to see who is actively looking for deals at the New York show – and find out their booth number. (We also have a floor plan of the show highlighting our advertisers’ booths for your convenience.) A few of the more noteworthy items in this issue include that Uniqlo plans to keep up its pace of opening stores in the states after a successful launch in New York; an Ace Hardware dealer with 19 units operating is looking for sites in Long Island, Queens and Staten Island, as well as in the suburbs of Westchester, New York, and that VidaCura, which maintains an online presence, plans to open 2,500 square foot stores offering medical supplies, equipment and apparel. The company is eyeing Connecticut and Florida for its initial rollout. Grossman’s Bargain Outlet hopes to enter the Connecticut and New Hampshire markets; D’Vida Health Bar, a small but growing chain in the New York, NY market, offers healthy smoothies, baked goods, frozen yogurt and hot beverages. Doc Popcorn is another growing food concept, with around 40 units operating in kiosks and food court locations in malls and tourist venues, and anticipates growth throughout the Northeast, with openings planned for New Jersey, New York and Pennsylvania. I’m hearing that leasing is starting to pick up in the Northeast, and brokerage companies are gearing up to meet the anticipated demand. Sabre Real Estate Group recently launched this year to offer brokerage services in the New York market, and SRS Real Estate Partners recently formed a team to focus on urban retail in the New York metro area as well; all positive indicators. The acquisition side is also starting to heat up in the Northeast. ARC Property Trust is looking for single-tenant retail NNN opportunities in major cities nationwide, and they recently closed on a freestanding hhgregg in Virginia. Chase Properties is another active buyer of centers in smaller markets, with a focus on the eastern states. Rivercrest Realty is looking for grocery-anchored centers anywhere east of the Mississippi, page 4

November 25, 2011

The

Dealmakers

and its portfolio already spans from Florida up to New York. Urstadt Biddle is another player in the acquisition market; the investment trust recently closed on the $17 million acquisition of a center in Connecticut. I’m seeing Cap rates in the Northeast holding at the 6% to 8% range, and I’m hearing of deals being made with no conventional mortgage in place, with buyers using credit lines and equity investors to do all-cash deals. My hunch is that for the next several years, the Northeast region will continue to be attractive to investors – when you look at the volatility of the stock market, real estate is a less-risky place to stash cash. On the new construction front, there is a lot of preleasing activity going on throughout the region, and we have quite a few noteworthy proposed retail projects in the preleasing phase highlighted in this issue. For example, U.S. Realty Associates is preleasing a 67-acre site in Bucks County, Pennsylvania, with Wegman’s, Target, BJ’s Wholesale Club, Lowe’s Home Improvement and Home Depot serving as immediate area draws. Throw in the fact that the trade-area has an average household income over $97,000, and that’s a good site. Tri State Commercial is also preleasing a center on 17 acres in Hazlet, NJ. Welco is handling the leasing of The Mall at Bay Plaza, with Macy’s set to open a 160,000 square foot store as an anchor during late 2013 for the 600,000 square foot enclosed mall, which will be attached to an existing freestanding JCPenney in the Bronx. The site is adjacent to Barnes & Noble, Big Kmart, Marshalls, Old Navy, Pathmark and Toys “R” Us. A project in Newark, New Jersey just got the green light for public funding: The 500,000 square foot innercity master-planned community will include 65,000 square feet of retail and more than 200 multifamily units, as well as educational facilities. The project is expected to be completed in 2014. Paramount Realty is preleasing a 150,000 square foot center in the Ocean City, Maryland trade area. The site is adjacent to a Walmart Supercenter and Home Depot, with Ross Dress For Less and HomeGoods as proposed anchors for the project. Stewart Commercial is in the preleasing stage of a 150,000 square foot redevelopment in a hot pocket of Fairfax County, Virginia, with a five-mile population of over 300,000. Estimates are that once the infrastructure is enhanced (with a completion date of next year), the daily traffic count will hit the 100,000-vehicle mark. Schuckman Realty is also preleasing a 36,000 square foot street front lifestyle project in Patchogue, New York. By the end of 2014, I expect that we will be seeing a steady flow of tenants taking delivery of space in newly-built neighborhood and large-scale regional centers throughout the Northeast. All in all, the Northeast is faring well, and signs of recovery are starting to emerge. I expect the ICSC New York conference to be well-attended, with much more optimistic moods on the show floor than in the past few years. Make sure you stop by our booth at #153 in the Rhinelander Gallery and say hello, meet our editors and the rest of the folks at The Dealmakers. We want to hear what you’re working on! Also, make sure you friend us on Facebook and Twitter (we promise not to overwhelm you with wall posts and tweets), plus join our free email forums at www.dealmakers.net. Also, I want to remind our readers that The Dealmakers is available in an electronic version on our Web site. Paid subscribers can view the most recent issues, as well as print, search and download the magazine as a .pdf file. If you haven’t tried it, take a look; all you need is the email address we have on file for you. Have a great time at the show; I’m looking forward to seeing you there! Here’s to more deals,

Ann O’Neal, Publisher www.dealmakers.net

Buyers and Sellers @Properties Commercial is selling Irving Cicero Plaza, located along West Irving Park Road in Chicago, IL. The property is 100% occupied with tenants including Rent-ACenter. Area retail includes Sears, Marshalls and Bally Total Fitness. Area demographics include a population of 1.151 million within five miles earning $71,403 as the average household income. The average daily traffic count is 90,000 vehicles. The NOI is $77,915. The asking price is $925,000. The company is also selling a 35,673 sq.ft. center located along Hilltop Road in Chicago Heights, IL. The property is 100% occupied and anchored by AutoZone, with tenants including Deal$, Rent-ACenter, Mattress Bargains, Cleaners Depot and Dental Dreams. Area retail includes Ultra Foods, Food 4 Less, Walgreens, McDonald’s, Fifth Third Bank, Jewel-Osco, Dunkin’ Donuts, Wendy’s, Burger King, Al’s Italian Beef, Nancy’s Pizza and Midas. Area demographics include a population of 1.241 million within five miles earning $78,181 as the average household income. The NOI is $540,019. The asking price is $6.35 million with a Cap rate of 8.5%. The company is also selling a 13,038 sq.ft. freestanding Advance Auto situated on one acre at the intersection of Sibley Boulevard and Torrence Avenue in Calumet City, IL. Tenants include Advance Auto and Walgreens. Area retail includes CVS and TCF Bank. Area demographics include a population of 255,859 within five miles earning $96,622 as the average household income. The average daily traffic count is 52,000 vehicles. The NOI is $196,683. The asking price is $2.315 million with a Cap rate of 8.5%. For more information, contact Esther Yelen Berman, @Properties Commercial; 847-2749444; Email: estherberman@atproperties.com; Web site: www.atproperties.com. For additional information regarding the Chicago property, contact Michael Rourke; 312505-1610; Email: mrourke@atproperties.com. For additional information regarding the Chicago Heights property, contact Mike Levin; 847-977-5389; Email: mikelevin@atproperties.com. Cursor Properties is looking to acquire strip and power centers located throughout the southeastern region of the U.S. Suitable properties are priced at $2 million. For more information regarding properties throughout FL, contact Willow Shambeck, Cursor Properties; 407-6227772; Email: willow@cursorprop.com. For more information regarding the remaining southeastern states, contact Jason Kaiser; 631-613-6501; Email: jkaiser@cursorprop.com. page 6

November 25, 2011

The

The Shopping Center Group is selling a 116,074 sq.ft. center situated on 13.93 acres along Plank Road in Fredericksburg, VA. Tenants at the center include Bed Bath & Beyond and Gander Mountain. Area retail includes Kmart, BJ’s Wholesale Club, Food Lion, Giant and Spotsylvania Towne Center, featuring Costco, Dick’s Sporting Goods, Sears, Macy’s and JCPenney. Area demographics include a population of 98,990 within five miles earning $71,748 as the average household income. The average daily traffic count is 86,000 vehicles. The asking price is $8.25 million with a Cap rate of 8.8%. For more information, contact Neal Pringle or Mark Cooley, The Shopping Center Group, 721 Lakefront Commons, Suite 301, Newport News, VA 23606; 770-955-2434 Ext. 253/291, Fax 757-723-0001; Emails: nealp@theshoppingcentergroup.com and markc@theshoppingcentergroup.com; Web site: www.theshoppingcentergroup.com. Edgemark Commercial Real Estate, LLC is selling a 23,939 sq.ft. Office Depot situated on 0.7 acres along North Ashland Avenue in Chicago, IL. The tenant is bound to a 10-year lease set to expire during September 2018 featuring four, five-year options. Area retail includes Walgreens, Jewel-Osco, Golfsmith, Menards, Costco, Aldi, Dominick’s, Marshalls, Micro Center, PetSmart and CVS. Area demographics include a population of 859,226 within four miles earning $86,581 as the average household income. The NOI is $535,754. The asking price is $7.143 million with a Cap rate of 7.5%. For more information, contact Jeff Kowal, Edgemark Commercial Real Estate, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5611, Fax 630-472-1019; Email: jkowal@edgemarkllc.com; Web site: www.edgemarkllc.com. NAI Avant is selling a freestanding Starbucks situated on 0.81 acres off Sunset Boulevard in Lexington, SC. The tenant is bound to a 10-year NN lease commenced during October. Area retail includes AT&T Mobility, Bank of America, Chick-fil-A, First Citizens Bank, Verizon Wireless, Home Depot and Walmart. The average daily traffic count is 31,400 vehicles. The asking price is $875,000. For more information, contact Ben Kelly III or Patrick Chambers, NAI Avant, 1901 Main Street, Suite 200, Columbia, SC 29201; 803744-9830/9857; Emails: bkelly@naiavant.com and pchambers@naiavant.com; Web site: www.naiavant.com. Dealmakers

www.dealmakers.net

Nassimi Realty, LLC looks to acquire retail properties throughout major metropolitan areas and secondary markets throughout the eastern half of the U.S. Suitable properties feature a GLA above 50,000 sq.ft. in NJ, NY and PA or of 100,000 sq.ft. throughout the rest of the region, are priced between $2 million and $100 million and feature valueadd potential. For more information, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: acquisitions@nassimirealty.com; Web site: www.nassimirealty.com. Cambridge Capital Advisors negotiated the $1.6 million sale of an Arby’s located in Allen, TX. For more information, contact Cambridge Capital Advisors, 48 Lexington Street, Suite 5, West Newton, MA 02465; 617964-1031, Fax 617-964-1037; Email: info@cambridgecapitaladvisors.com; Web site: www.cambridgecapitaladvisors.com. Cornish & Carey Commercial Newmark Knight Frank is selling RiverView Shopping Center, located between Ft. Washington Road and Champlain Drive in Fresno, CA. Tenants at the center include Panda Express, Starbucks and Subway. Area demographics include a population within one mile earning $108,000 as the average household income. The asking price is $29.11 million with a Cap rate of 7.75%. For more information, contact Michael Maffia or Putnam Daily, Cornish & Carey Commercial Newmark Knight Frank, 2207 Bridgepointe Parkway, Suite 120, San Mateo, CA 94404; 415-445-5144/5107; Emails: mmaffia@ccareynkf.com and pdaily@ccareynkf.com; Web sites: www.ccareynkf.com and www.maffiateam.com. The Royston Group is selling a Best Buy located in Woodland Park, NJ. The tenant is bound to a NNN lease set to expire during 2022. Area retail includes Kohl’s, Barnes & Noble and A&P. Area demographics include a population within one mile earning $97,999 as the average household income. The average daily traffic count is 118,894 vehicles. The asking price is $14.21 million. For more information, contact Rob Sutton, The Royston Group, 11661 San Vicente Boulevard., Suite 707, Los Angeles, CA 90049-5115; 310-451-2100; Fax 310-3953557; Email: rsutton@theroystongroup.com; Web site:www.theroystongroup.com. (continued on page ten)

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SOLD

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The Shoppes at New Village - Patchogue, NY 36,149 sf of restaurant/retail space

Independence Plaza Shopping Center Selden, NY $43,500,000

SOLD Hempstead, New York SOLD Huntington Station, New York

SOLD Utopia, New York

SOLD Greenlawn, New York

COME VISIT US AT THE NEW YORK ICSC AT BOOTH 159 RHINELANDER GALLERY • With over 30 years and thousands of deals done right, our depth of experience at both sides of the table means business • Millions of square feet of leasing and development makes Schuckman the leader in the New York Metro area

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Proudly serving Long Island, The Boroughs, Manhattan, New Jersey and Connecticut © 2011 Schuckman Realty Inc. We obtained the information above from sources we believe to be reliable. However, we have not veriﬁed its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or ﬁnancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. Third-party trademarks, services marks, graphics and logos belong to third parties. No license or rights are granted to you with respect to trademarks of Schuckman Realty Inc. or any third party.

Buyers and Sellers (continued from page six)

HSA Commercial Real Estate is selling a divisible 2.9-acre outlot located at the intersection of Route 72 and Locust Drive in West Dundee, IL. Area retail includes Burger King, Aldi, Advance Auto, Firestone, Starbucks, Dominick’s, Jewel-Osco, Wendy’s, Bank of America, Just Tires, U.S. Bank, KFC, Taco Bell, Kmart, McDonald’s, Dunkin’ Donuts, AutoZone, Ace Hardware and Dollar Tree. Area demographics include a population of 160,665 within five miles earning $84,998 as the average household income. The average daily traffic count is 18,700 vehicles. The company is also selling a 1.52acre outlot located at the intersection of Lee Street and Forest Avenue in Des Plaines, IL. Area retail includes Aldi and Advance Auto. Area demographics include a population of 294,822 within five miles earning $80,576 as the average household income. The average daily traffic count is 21,300 vehicles. For more information, contact Michael Havdala, HSA Commercial Real Estate, 233 South Wacker Drive, Suite 350, Chicago, IL 60606; 312-458-4318; Email: mhavdala@hsacommercial.com; Web site: www.hsacommercial.com. For additional information regarding the West Dundee property, contact Brenton Schrader; 312-4584392; Email: bschrader@hsacommercial.com. For more information regarding the Des Plaines property, contact Shannon Pope; 312458-4404; Email: spope@hsacommercial.com. NAI Miami is selling Dolphin Plaza Shopping Center, a 93,991 sq.ft. center located along Northwest 27th Avenue in Miami Gardens, FL. The property is 91% occupied and anchored by Winn-Dixie, with tenants including Foot Locker, Ashley Stewart, Rainbow Fashions and Rent-A-Center. Area demographics include a population of 463,160 within five miles earning $51,940 as the average household income. The average daily traffic count is 54,500 vehicles. The NOI is $765,000. The asking price is $10.5 million. For more information, contact Josh Rodstein or Christian J. Johannsen, NAI Miami; 305938-4000; Emails: jrodstein@naimiami.com and cjohannsen@naimiami.com; Web site: www.naimiami.com. Pelloni Development is selling a divisible 10-acre parcel located along Little Road in New Port Richey, FL. Area demographics include a population of 118,822 within five miles. The asking price is $3 million. For more information, contact Jill Rose, Pelloni Development, 1515 International Parkway, Suite 3001, Heathrow, FL 32746; 407-585-7112, Fax 407-333-7711; Email: jrose@pelloni.com; Web site: www.pelloni.com. page 10

November 25, 2011

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Capital Pacific, LLC is selling a 2,400 sq.ft. RadioShack situated on 0.2 acres along Mer Rouge Road in Bastrop, LA. The tenant is bound to a lease set to expire during October 2021 featuring two, five-year options and 10% rent escalations every five years and at each option. Area retail includes Walmart Supercenter, Payless ShoeSource, Sally Beauty Supply, Check Advance, Dollar Tree, Cato, rue21, Pizza Hut, O’Reilly Auto Parts and Walgreens. Area demographics include a population of 36,476 within 15 miles earning $44,834 as the average household income. The average daily traffic count is 12,510 vehicles. The NOI is $42,840. The asking price is $535,500 with a Cap rate of 8%. The company is also selling a 3,126 sq.ft. Arby’s situated on 1.029 acres along North Court Street in Medina, OH. The tenant is bound to a NNN lease featuring four, five-year options and 5% rent escalations every five years and at each option. Area retail includes Bed Bath & Beyond, Staples, Petco, Kohl’s, Home Depot, Walmart Supercenter, Dunkin’ Donuts, Marshalls, McDonald’s, Kmart, Taco Bell, Key Bank, Wendy’s, Target, Burger King, Pizza Hut, AT&T Mobility, Starbucks, Buehler’s, Giant Eagle, OfficeMax, SherwinWilliams and Walgreens. Area demographics include a population of 348,446 within 15 miles earning $83,184 as the average household income. The average daily traffic count is 13,110 vehicles. The NOI is $77,805. The asking price is $972,000 with a Cap rate of 8%. For more information, contact Joseph P. Blatner, Sean B. Mack or Gavin P. Robertson, Capital Pacific, LLC, 4260 Southwest Galewood Street, Lake Oswego, OR 97035; 503-675-7719/8378 or 208-3432916; Emails: jblatner@capitalpacific.com, grobertson@capitalpacific.com and smack@capitalpacific.com. Net-Properties, on behalf of a client, seeks to acquire O’Reilly Auto Parts and Dollar General properties throughout FL, NV, TN and TX. Suitable properties feature new 15year NNN leases and are priced reflecting a Cap rate of 8%. For more information, contact Carolyn Wheaton, Net-Properties; 443614-2135, Fax 603-218-6890; Web site: www.net-properties.com. Arnold Group Real Estate, on behalf of a client, looks to acquire net-leased Dollar General locations. Suitable properties feature tenants bound to 15-year leases. For more information, contact Kent Arnold, Arnold Group Real Estate, 312 South Main Street, Jonesboro, AR 72401; 870-932-2600, Fax 800-401-1437. Dealmakers

www.dealmakers.net

Realty USA Commercial Division is selling Lake Avenue Plaza, a 110,419 sq.ft. center located along Lake Avenue in Hamburg, NY. The center is 57% occupied and anchored by Rite Aid, Grossman’s and Family Dollar. Tenants include China King Restaurant, Computer Sales and Service, Rite Aid, Free Soul Dance, Woof Dog Grooming, Nickel City Redemption and Niagara Lock and Key Service. Area retail includes McKinley Mall. Area demographics include a population of 473,249 within 10 miles earning $55,675 as the average household income. The average daily traffic count is 14,000 vehicles. The NOI is $189,546. The asking price is $1.525 million with a Cap rate of 12.4%. For more information, contact David Doerr or Jim Knight, Realty USA Commercial Division, 361 Delaware Avenue, Suite 101, Buffalo, NY 14202; 716-856-7107, Fax 716856-7214; Email: ddoerr@realtyusa.com; Web site: www.realtyusacommercial.com. Bright Realty is selling a 1.6-acre pad site at Lewisville Towne Crossing, located along State Highway 121 in Dallas, TX. SuperTarget anchors the center and tenants include Best Buy, 24 Hour Fitness, Bank of America, Comerica Bank, Dollar Tree and PetSmart. Area demographics include a population of 176,138 within five miles earning $99,176 as the average household income. The average daily traffic count is 87,700 vehicles. For more information, contact Elizabeth Ocando, Bright Realty, 4228 North Central Expressway, Suite 300, Dallas, TX 75206; 214-559-9292; Email: elizabeth.ocando@brightco.com; Web site: www.brightrealtyco.com. Chase Properties, Ltd. seeks to acquire stabilized shopping centers located throughout secondary and tertiary markets within the eastern half of the U.S. Suitable properties feature a GLA above 50,000 sq.ft. and strong national or regional anchors. For more information, contact Andy Kline, Chase Properties, Ltd., 3333 Richmond Road, Suite 320, Beachwood, OH 44122; 216-4646626; Email: akline@chaseprop.com. Sansome Pacific Properties, Inc. seeks to acquire portfolios of single-tenant properties nationwide. Suitable properties are priced above $10 million. For more information, contact Paul Souza, Sansome Pacific Properties, Inc., 50 Francisco Street, Suite 275, San Francisco, CA 94133; 415-963-4705; Email: psouza@sansomepacific.com; Web site: www.sansomepacific.com. (continued on page nineteen)

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t (SPDFSZ 4UPSF 1BE t %SVH 4UPSF 1BE t #BOL 1BE t *OMJOF TQBDFT GSPN 4' For More Information, Contact: George W. Stewart, IV President / Broker George@StewartCRS.com Direct (703) 395-5600

New Construction CB Richard Ellis is preleasing an addition to West Lake Crossing, located at the intersection of West Lake Houston Parkway and FM 1960 in Humble, TX. Anchor and shop spaces are available along with pad sites of 0.739 acres and 0.99 acres. Best Buy anchors the center and cotenants include Smashburger, Tutti Frutti and Chipotle. Area retail includes Discount Tire Co., Walgreens, Jack in the Box, Wells Fargo Bank, Chili’s, H-E-B, Capital One Bank, Chase Bank, Kroger, Chick-fil-A, Sport Clips, Massage Envy and T-Mobile. Area demographics include a population of 251,260 within 10 miles earning $87,849 as the average household income. The average daily traffic count is 74,283 vehicles. The company is also preleasing Hokulei Village, a 211,302 sq.ft. community shopping center situated on 22.27 acres in Lihue, Kauai, HI. Space is available along with pad sites. Safeway anchors the project and cotenants include Walgreens. Area retail includes Kmart, Costco, Sears, Home Depot, Longs Drugs and Macy’s. The project is slated to open next year. For more information regarding the Humble property, contact Alex Makris, Jazz Hamilton or Matt Keener, CB Richard Ellis, 2800 Post Oak Boulevard, Suite 2300, Houston, TX 77056; 713-577-1827/1805/ 1807; Emails: alex.makris@cbre.com, jazz.hamilton@cbre.com and matthew.keener@cbre.com; Web site: www.cbre.com/houstonretail. For more information regarding the Kauai property, contact Wendell F. Brooks III or James L. Greenwell; 808-5415150/5154; Emails: wendell.brooks@cbre.com and kimo.greenwell@cbre.com Web site: www.cbre.com. Legend Properties, Inc. is preleasing Bartonsville Square, located at the intersection of Route 611 and Route 33 in Stroud Township, PA. Spaces from 5,400 sq.ft. to 57,000 sq.ft. are available. Area retail includes Lowe’s Home Improvement, Kohl’s, Target, BJ’s Wholesale Club, Home Depot, Talbots, T.J. Maxx, Staples and Bartonsville Plaza, featuring Sleepy’s, Great Clips, Verizon Wireless, Moe’s Southwest Grill, Dunkin’ Donuts, Sonic Drive-In, Cluck-U Chicken and Advance Auto. Trade-area demographics include a population of 176,420 earning $62,223 as the average household income. For more information, contact Dennis Campbell, Jack Reilly or Matt Ryan, Legend Properties, Inc., 1001 East Hector Street, Suite 120, Conshohocken, PA 19428; 610-941-4034, Fax 610-9414038; Emails: dcampbell@lpre.com, jreilly@lpre.com and mryan@lpre.com; Web site: www.lpre.com. page 12

November 25, 2011

The

U.S. Realty Associates, Inc. is preleasing a 164,000 sq.ft. mixed-use project situated on 30 acres at the intersection of West Hunting Park Avenue and Fox Street in Philadelphia, PA. Shop space is available along with pad sites. ShopRite will anchor the center. Area draws include Drexel University College of Medicine and Philadelphia University. The project is slated to open during 2013. The company is also preleasing Valley Gate, a mixed-use project situated on 67 acres at the intersection of Route 611/Easton Road and Paul Valley Road in Warrington, PA. Big box and shop spaces are available along with pad sites. Area retail includes Regal Cinemas, BJ’s Wholesale Club, Target, Lowe’s Home Improvement, Home Depot and Wegmans. Trade-area demographics include a population of 145,930 earning $77,675 as the median household income. The project is slated to open during 2013. For more information, contact Gregory Bianchi, Peter Maggio, Michele Grasso or Jonathan Hand, U.S. Realty Associates, Inc., 120-124 East Lancaster Avenue, Suite 101, Ardmore, PA 19003; 215557-9900 Ext. 1141/1140/1118/1134; Emails: gbianchi@eusrealty.com, pmaggio@eusrealty.com, michelegrasso@eusrealty.com and jhand@eusrealty.com; Web site: www.eusrealty.com. Taubman is developing City Creek Center, a mixed-use project located near the intersection of Interstate 215 and Interstate 80 in Salt Lake City, UT, featuring a 760,000 sq.ft. retail and restaurant component, a 1.2-million sq.ft. office component, a 700-unit residential component and a 510-unit hospitality component. Space is available. Nordstrom and Macy’s will anchor the project. Cotenants will include Deseret Book and Harmon’s Gourmet Grocery. Trade-area demographics include a population of 1.455 million. The project is slated to open during March. For more information, contact Taubman, 200 East Long Lake Road, Suite 300, Bloomfield Hills, MI 48304-2324; 248-2586800; Web site: www.taubman.com. Tri State Commercial, Inc. is preleasing a retail development situated on 17 acres along State Route 36 in Hazlet, NJ. Space is available along with pad sites. Area demographics include a population of 69,795 within three miles. The average daily traffic count is 34,006 vehicles. For more information, contact John Montagna, Tri State Commercial, Inc., 103 Godwin Avenue, Suite 193, Midland Park, NJ 07432; 201-405-1110, Fax 201-405-1071; Email: john@tristatecommercialre.com. Dealmakers

www.dealmakers.net

Colliers International is preleasing The District, a mixed-use project being developed in phases at the intersection of Great Mall Parkway and McCandless Drive in Milpitas, CA. The project will include an 87,000 sq.ft. retail component and a 1,300-unit residential component. Area retail includes Big Lots, Party City, Saks Fifth Avenue OFF 5th, Gap, Old Navy, Home Depot, Dave & Buster’s, BevMo!, H&M, Kohl’s, Sears, Marshalls, Forever 21, Bed Bath & Beyond, Burlington Coat Factory, The Sports Authority and Group USA. Area demographics include a population of 346,830 within a 10-minute drive-time earning $93,084 as the average household income. The project is slated to open during late 2013. For more information, contact Rene Brochier or Jim McMasters, Colliers International, 5050 Hopyard Road, Suite 180, Pleasanton, CA 94588; 925227-6242 or 925-279-5567; Emails: rene.brochier@colliers.com and james.mcmasters@colliers.com; Web site: www.colliers.com. Cornish & Carey Commercial Newmark Knight Frank is preleasing the 18,000 sq.ft. second phase of Centre Place Walnut Creek, located at the intersection of South California Boulevard and Botelho Drive in Walnut Creek, CA. Tenants at the first phase of the center include The Habit Burger Grill, Baja Fresh, Yogurtland and Charles Schwab. Area demographics include a population of 479,180 within 10 miles earning $124,833 as the average household income. For more information, contact Cecevohs Cimino or Gwen White, Cornish & Carey Commercial Newmark Knight Frank, 1333 North California Boulevard, Suite 343, Walnut Creek, CA 94596; 925-974-0239/0244, Fax 925-974-0123; Emails: cvcimino@ccareynkf.com and gwhite@ccareynkf.com; Web site: www.ccareynkf.com. Jacobs Enterprises, Inc. is preleasing the redevelopment of Glenwood Village, a threebuilding mixed-use project located at the intersection of Washington Street and Glenwood Avenue in Bloomfield, NJ. The project will feature a 65,000 sq.ft. retail component and a 224-unit multifamily component. Spaces from 1,500 sq.ft. to 20,000 sq.ft. are available. Area demographics include a population of 691,249 within five miles earning $72,861 as the average household income. Area draws include Bloomfield Train Station. Construction on the project is slated for completion during 2013. For more information, contact Jacobs Enterprises, Inc., 1051 Bloomfield Avenue, Clifton, NJ 07012; 973-591-5222; Web site: www.jacobs-enterprises.com. (continued on page twenty-seven)

Looking for Acquisitions • Leasing Great Sites

LEASING

Rivercrest Realty has space available in anchored shopping centers along the East Coast. For leasing, contact: Debbie Lewis FL, GA, SC, TN (919) 518-2000 dlewis@rivercrestrealty.com Nicholas Schuman-Werb DE, MD, NC, VA, WV (919) 518-2000 nschuman@rivercrestrealty.com Helen Vitaliano New York Locations (718) 980-7684 helenvitaliano@si.rr.com

ACQUISITIONS

Rivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi. Acquisition Requirements: • Grocery / Shadow-Anchored • $5 Million Minimum Deal Forward proposals to: Stan Werb (919) 846-4046 swerb@rivercrestrealty.com

www.rivercrestrealty.com 8816 Six Forks Road, Suite 201 Raleigh, NC 27615 Phone: (919) 518-2000 Fax: (919) 424-0001

STATE

CENTEr

AVAILAbLE SF

NEW YOrk Staten Island Staten Island

Coral Island Shopping Center Tottenville Square

DELAWArE Seaford

Sussex Plaza

FLOrIDA Wilton Manors

Shoppes of Wilton Manors

1,312 – 47,367 SF

GEOrGIA Atlanta Augusta Macon McDonough

Lenox Village Southpointe Plaza Walnut Creek Plaza McDonough Marketplace

1,073 – 3,483 SF Fully Leased 1,202 – 3,497 SF Fully Leased

MArYLAND Landover Pocomoke City Fruitland

Landover Crossing East Town Plaza Southtowne Commons

2,039 – 97,421 SF 1,485 SF 4,007 SF

NOrTH CArOLINA Advance Chapel Hill Charlotte Charlotte Durham Durham Forest City Hendersonville Raleigh Shelby Siler City Smithfield Southport Taylorsville Winston-Salem Winston-Salem

Kinderton Place Timberlyne Archdale Marketplace Royal Plaza Parkway Plaza The Village Hillside Plaza Highlands Square Millbrook Collection Creekside Plaza Chatham Crossing Smithfield Plaza Tidewater Plaza Taylorsville Hanes Commons Oak Summit

1,773 & 1,967 SF 1,201 – 4,567 SF 1,382 – 3,971 SF 558 – 3,728 SF 3,041 SF 8,488 SF 3,016 SF Fully Leased 1,067 – 6,322 SF Fully Leased 1,998 & 4,007 SF 3,023 SF 3,207 SF 1,211 – 8,537 SF 2,633 SF 1,149 – 34,912 SF

SOUTH CArOLINA Boiling Springs Columbia Florence Gaffney Georgetown Greenville Greenville Greenville Greenwood Greer Lake Wylie Lexington Lexington Myrtle Beach Myrtle Beach Surfside Beach

Boiling Springs Center Northpointe Commons Southside Commons Piedmont Plaza Plantation Plaza Haywood Plaza Shoppes at Woodruff White Horse Commons Westwood Plaza Hillview Plaza Landing Station East Towne Centre Village Square Northwood Plaza Plantation Point Surfside Commons

TENNESSEE Cookeville

Cumberland Station

VIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston Wytheville

Ridgeview Plaza Riverbend Garbers Crossing Mountainview Plaza Peppers Ferry Centre South Boston Wytheville Commons

WEST VIrGINIA Princeton

East River Plaza

1,325 – 5,007 SF 1,164 – 8,002 SF Fully Leased

2,006 & 3,009 SF 6,176 SF 1,746 SF 1,502 – 3,213 SF 1,997 SF & 4,003 SF 1,020 – 10,453 SF 1,482 – 4,030 SF Fully Leased 3,016 – 12,579 SF 3,007 SF 1,500 – 2,985 SF Fully Leased 1,444 & 2,788 SF 1,122 – 32,259 SF 1,552 – 9,916 SF 1,211 & 4,023 SF 4,951 SF 2,081 & 2,999 SF 2,806 SF 1,202 & 3,600 SF 3,010 SF 2,776 SF 1,202 – 5,013 SF 1,402 – 2,396 SF 3,341 SF

Who’s Opening and Where Aldi, Inc. (630-879-8100) plans to open a 16,500 sq.ft. Aldi location near the intersection of Interstate 94 and County Road 30 in Maple Grove, MN. Construction on the store is slated to begin late next summer. The company is also opening a location along Central Avenue Northeast in Columbia Heights, MN this month. The company is also scouting for potential locations throughout northern MI, including a store planned for the Mt. Pleasant, MI area slated to open next year, as part of a plan to open between two and three stores annually throughout the state. The company also opened a store in Woodhaven, MI this month and a location in Holland Township, MI last month, and currently operates more than 1,000 locations nationwide throughout 31 states, including 54 stores throughout southwestern and southeastern MI and 23 throughout the Twin Cities area of MN. Sheetz, Inc. (814-946-3611) plans to open as many as seven Sheetz convenience stores throughout the greater Pittsburgh, PA area by the end of next year, including two slated to open by the end of January. The company operates 394 locations throughout the eastern region of the U.S., including more than 24 in the Pittsburgh area.

Ulta Salon, Cosmetics & Fragrance, Inc. (630-226-0020) will open an Ulta store in a site formerly slated for Books-A-Million at Adams Dairy Landing, a 600,000 sq.ft. development situated on 65 acres at the intersection of Interstate 70 and Adams Dairy Parkway in Blue Springs, MO. The store is slated to open next spring. Ross Dress for Less, T.J. Maxx/HomeGoods, Charming Charlie and rue21 are also slated to open locations at the center. The stores will join Target, Gordmans, Kohl’s, Staples, Petco and Olive Garden at the site. The company currently operates 415 locations, offering cosmetics, bath and body products and hair and skin care items, throughout 42 states nationwide. TJX Cos., Inc. (508-390-1000) plans to open a T.J. Maxx apparel store at Legends at Sparks Marina, a 740,000 sq.ft. center located in Sparks, NV. Old Navy also plans to open a location at the site. Both stores are slated to open late next summer and will join Lowe’s Home Improvement, Wilson’s Leather and Discount Tire at the center. The company currently operates 2,700 locations nationwide under the T.J. Maxx, Marshalls, HomeGoods and A.J. Wright trade names.

Ace Hardware Corp. (630-990-6600) will open a 16,000 sq.ft. Ace Hardware store on 1.1 acres along East Colfax Avenue between Poplar Street and Pontiac Street in Denver, CO. The store is slated to open next spring. (continued on page eighteen)

WE’VE CORNERED THE MARKET.

51 PROPERTIES | 5 MILLION SQUARE FEET Visit us at 332 Americas Hall I at the 2011 ICSC NY National Conference Seeking Tenants and Acquisitions

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NE November 25, 2011

Von Maur, Inc. (563-388-2200) plans to open a Von Maur department store in a former Macy’s at Riverchase Galleria, a 1.7-million sq.ft. mixed-use center under redevelopment on 70 acres along U.S. Highway 31 between Interstate 459 and AL Route 150 in Hoover, AL. The store will be the company’s first in the state. The company operates 25 locations throughout 10 states nationwide.

Urstadt Biddle Properties is metro NY’s dominant grocery-anchored shopping center owner.

JER

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Trader Joe’s Co. (626-599-3700) will open a 14,000 sq.ft. Trader Joe’s grocery store at Pittsford Plaza, located in Pittsford, NY. The opening will be the company’s first in upstate NY. Construction on the location is slated to begin during January, with an opening projected for next fall. The store will join Michaels and Bed Bath & Beyond at the center. The company currently operates more than 350 locations throughout 30 states nationwide, including 16 in the New York, NY metropolitan area.

The

Dealmakers

www.dealmakers.net

Food Retailers Expand Nationwide Wasa Sushi and Izakaya Wasa operate three locations in Orange County, CA. The upscale Japanese restaurants occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in pad sites of shopping centers. Limited growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Commercial West Brokerage. El Pollo Loco operates more than 400 locations throughout AZ, CA, CO, CT, GA, IL, NV, OR, TX and UT. The restaurants occupy spaces of 1,800 sq.ft. to 2,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Apple Valley, Victorville and Yucca Valley, CA during the coming 18 months, with representation by Commercial West Brokerage. The company will only consider sites with a drive-thru. The Habit Burger Grill operates 50 locations throughout AZ and CA. The restaurants occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. An outdoor patio space is required, and the company will also consider sites with a drive-thru. Zankou Chicken operates eight locations throughout Los Angeles and Orange counties in CA. The Lebanese chicken restaurants occupy spaces of 2,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Los Angeles County, CA during the coming 18 months, with representation by Commercial West Brokerage. The company will also consider high-profile inline spaces, and prefers sites with an outdoor patio space. For more information regarding Wasa Sushi and El Pollo Loco, contact Phil Berry, Commercial West Brokerage, 2443 East Coast Highway, Corona del Mar, CA 92625; 949-723-7300, Fax 949-723-7301; Email: pberry@commercialwest.com; Web site: www.commercialwest.com. For more information regarding The Habit Burger Grill, contact John Romm; 949-723-7300 Ext. 15; Email: jromm@commercialwest.com. For more information regarding Zankou Chicken, contact Doug Wombacher; 949-723-7300 Ext. 12; Email: doug@commercialwest.com; Web site: www.zankouchicken.com. D’Vida Health Bar operates two locations in New York, NY. The restaurants occupy spaces of 500 sq.ft. to 1,500 sq.ft. in downtown areas, office buildings and street fronts. Plans call for six to 12 openings throughout the existing market, as well as Long Island, NY, during the coming 18 months, with representation by Mason Asset Management.

For more information, contact Igal Nassim, Mason Asset Management, 747 Middle Neck Road, Suite 101, Great Neck, NY 11024; 516-371-5858, Fax 516-734-0172; Email: igal@masonam.com; Web site: www.masonam.com. Panda Express operates 1,400 locations throughout 38 states nationwide, as well as in Puerto Rico. The Chinese restaurants occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding locations, urban/downtown areas and entertainment, power, specialty and strip centers. Plans call for 10 to 12 openings throughout Coachella Valley and northern CA during the coming 18 months, with representation by Terranomics Retail Services. A vanilla shell and specific improvements are required. Preferred cotenants include Target, Walmart and big box retailers. Preferred demographics include a residential population of 50,000 and a daytime population of 10,000 within two miles. For more information, contact Sharon Carmichael, Terranomics Retail Services, 1350 Bayshore Highway, Suite 900, Burlingame, CA 94010; 408-200-8811, Fax 408-2008810; Email: scarmichael@terranomics.com; Web site: www.terranomics.com. Panda Inn operates six locations throughout Orange, San Bernardino and Los Angeles counties in CA. The Chinese restaurants occupy spaces of 6,000 sq.ft. to 7,000 sq.ft. in freestanding locations and endcaps of power centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Strategic Retail Advisors. The company prefers to locate in areas with a strong daytime population. For more information, contact Jeff Reenders, Strategic Retail Advisors, 3990 Westerly Place, Suite 230, Newport Beach, CA 92660; 949-640-6678, Fax 949-7488088; Email: jeff@strategicretailadvisor.com; Web site: www.strategicretailadvisor.com. Dog-N-Shake, Inc. trades as Dog-N-Shake at four locations throughout KS. The restaurants, offering hot dogs, hamburgers, specialty sandwiches, shakes and malts, occupy spaces of 1,500 sq.ft. in freestanding locations and strip centers. Limited growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Vickie Adamson, Dog-N-Shake, Inc., 817 South Oliver Street, Wichita, KS 67218; 316-6813072; Email: corporate@dognshake.com; Web site: www.dognshake.com.

www.dealmakers.net

The

Dealmakers

Made in Japan Japanese Restaurants (USA), Ltd. trades as Teriyaki Experience at 140 locations nationwide and internationally throughout 18 countries. The Asian-inspired restaurants occupy spaces of 400 sq.ft. in malls and 1,400 sq.ft. to 1,600 sq.ft. in downtown areas and entertainment, outlet, power, specialty, strip and tourist centers. Plans call for 12 openings nationwide during the coming 12 months. Typical leases run 10 years with two, five-year options. Specific improvements are required. Preferred cotenants include Panera Bread and Starbucks. Preferred demographics include a population of 75,000 within three to six miles. The company is franchising, and prefers to locate in areas with a high daytime population. The company prefers to expand through area developers. For more information, contact Joe Arancio, Made in Japan Japanese Restaurants (USA), Ltd., 700 Kerr Street, Suite 102, Oakville, Ontario, Canada L6K 3W5; 480-502-2006, Fax 905-337-0331; Email: jarancio@teriyakiexperience.com; Web site: www.teriyakiexperience.com. Mamma Ilardo’s Corp. trades as Mamma Ilardo’s Pizzeria at 11 locations throughout MD, NV and Washington, DC. The pizzerias, also offering salads, calzones and pastas, occupy spaces of 400 sq.ft. to 1,900 sq.ft. in malls, urban/downtown areas and entertainment, lifestyle, outlet and tourist centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Specific improvements are required. For more information, contact Harry Ilardo, Mamma Ilardo’s Corp., 28 Allegheny Avenue, Suite 1207, Towson, MD 21204; 410-296-9104, Fax 410-296-9156; Email: harry@mammailardos.com; Web site: www.mammailardos.com. De Dutch Pannekoek House Restaurants, Inc. trades as De Dutch Pannekoek House Restaurant at 21 locations throughout British Columbia, Canada. The restaurants, offering breakfast, brunch and lunch, occupy spaces of 1,800 sq.ft. to 3,500 sq.ft. in freestanding locations, malls and downtown areas. Growth opportunities are sought throughout the existing market, as well as Alberta and Ontario, Canada, during the coming 18 months. For more information, contact Bill Waring, De Dutch Pannekoek House Restaurants, Inc., 8484 162nd Street, Suite 108, Surrey, British Columbia, Canada V4N 1B4; 604-543-3101, Fax 604-543-3107; Email: dedutch@dedutch.com; Web site: www.dedutch.com. (continued on page twenty) November 25, 2011

page 15

THE MALL AT BAY PLAZA

Big

The largesT shopping cenTer in nyc is geTTing even larger and BeTTer new enclosed Fashion Mall coMing soon

Join The newesT Macy’s and one oF The highesT volUMe Jc penney’s in The coUnTry For More inForMaTion visiT Us aT BooTh 405 aMericas hall ii icsc, new york

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Allen S. Cooperman allen.s.cooperman@gmail.com

news The largesT shopping cenTer in nyc is geTTing even larger and BeTTer

INT ERS TAT E

NTER G CE N I P OP A SH PLAZ Y A B

TING

EXIS

NEW

THE

A LAZ AY P B T LL A MA

WY R PK E V I R ON HINS C T HU

Who’s Opening and Where (continued from page fourteen)

ArcLight Cinemas (323-464-1478) plans to open a 14-screen movie theater in the top level of a former Robinsons-May at Westfield UTC, located in San Diego, CA. The theater is slated to open during September of next year and will join 24Hour Super Sport Fitness Club and Forever 21 at the center. The opening will be the company’s fifth location. The Fresh Market, Inc. (336-272-1338) will open a The Fresh Market grocery store at the former site of Bedford Mall, located in Bedford, NH. The store will join Bob’s Stores, Marshalls, Staples and Outback Steakhouse at the site, and is slated to open during the spring. The company currently operates 102 supermarkets nationwide throughout 21 states. Supervalu, Inc. (952-828-4000) will open a Save-A-Lot grocery store at The Shops at Garrett Square, a project under development at the site of a former Tops Supermarket along Superior Avenue in Glenville, OH. Forman Mills will also open a store at the site. Both locations are slated to open during the spring.

Doc Popcorn (866-599-9744) plans to operate as many as 100 mall and kiosk locations nationwide by the end of next year, as part of a plan to eventually operate as many as 1,000 units nationwide. Planned openings include sites at Garden State Plaza Mall in Paramus, NJ, Palisades Mall in West Nyack, NY and Manhattan Mall in New York, NY. By year’s end, the company will have 180 corporate and franchised locations in development nationwide.

Wal-Mart Stores, Inc. (479-2734000) plans to open a 65,000 sq.ft. Walmart Market in a former Harvest Foods at Razorback Square, located at the intersection of Cantrell Road and Riverdale in Little Rock, AR. The company will also open a 185,467 sq.ft. Walmart at Park West Place, located along Eight Mile Road in Stockton, CA. The store will feature a full grocery department as well as a bakery, a deli, a pharmacy and an outdoor garden center. The store is slated to open next summer. The company also plans to open eight locations throughout Chicago, IL by spring 2013, including two Walmart Supercenter stores and six smaller-format units. The company also plans to open a 130,000 sq.ft. Walmart Supercenter along West Boylston Street in West Boylston, MA. The store will replace an existing, smaller location at the site, and is slated to open during mid-2013. The company currently operates more than 9,000 locations nationwide and internationally throughout 15 countries, including nearly 3,000 Walmart Supercenter locations and 183 Walmart Market stores.

VidaCura, Inc. (800-704-8432) is scouting locations for two VidaCura stores to open next spring. The company is considering sites in CT and in Palm Beach County, FL. The stores will be the online retailer’s first brick-and-mortar locations, and will offer home health and wellness products, as well as feature space for events and support group meetings. Lord & Taylor, LLC (212-391-3344) plans to open an 80,000 sq.ft. Lord & Taylor store at Ridge Hill, located in Yonkers, NY; an 80,000 sq.ft. store at Mizner Park in Boca Raton, FL, and a 120,000 sq.ft. location in Rockingham, NH. All three stores are slated to open next year. The company currently operates 47 Lord & Taylor stores nationwide.

(continued on page twenty-six)

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November 25, 2011

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Dealmakers

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Buyers and Sellers (continued from page ten)

Thomas Realty Group, LLC is selling Kirksville Centre, located in Kirksville, MO. The property is 100% occupied and shadow-anchored by Walmart, with tenants including Hibbett Sports, Rent-A-Center, Dollar Tree and RadioShack. Area draws include Truman State University. Area demographics include a population of 28,966 within 16 miles. The asking price is $2.7 million. The company is also selling a 12,000 sq.ft. center located along Highway 47 in Troy, MO. Area demographics include a population of 21,920 within five miles. The asking price is $1.4 million. The company is also selling Jerseyville Centre, a 16,900 sq.ft. center located along U.S. Highway 67 in Jerseyville, IL. Walmart shadow-anchors the center and tenants include Cato, Snap Fitness, Security Finance and GameStop. Area demographics include a population of 117,094 within 20 miles earning $55,780 as the average household income. The asking price is $2.1 million. For more information, contact Tony Gagliano, Thomas Realty Group, LLC, 3801 McKelvey Road, Suite 100A, Bridgeton, MO 63044; 314-298-1234, Fax 314-298-1235; Email: tony@thomrealty.com; Web site: www.thomrealty.com. Caton Commercial Real Estate Group is selling a divisible 3.36-acre outlot at Millennium Square, located along Plainfield Road in Joliet, IL. Area retail includes Firestone, Denny’s, Home Depot, McDonald’s, Target and Aldi. Area demographics include a population of 204,364 within five miles earning $89,755 as the average household income. The average daily traffic count is 33,700 vehicles. The asking price is $1.585 million. For more information, contact Bill Caton, Caton Commercial Real Estate Group, 16106 Route 59, Unit 100, Plainfield, IL 60586; 815-370-1236, Fax 815-439-3370; Email: bill@catoncommercial.com; Web site: www.catoncommercial.com. Calkain Cos. is selling the ground lease to a 3,679 sq.ft. PNC Bank situated on 1.1 acres along West Chester Pike in Newtown Square, PA. The 15-year NNN lease is set to expire during April 2022 and features three, fiveyear options and 10% rent escalations at year 10. The NOI is $440,000. The asking price is $6.769 million with a Cap rate of 6.5%. For more information, contact Michael O’Mara or Richard Murphy, Calkain Cos.; 617-744-9115 or 781-694-0410; Emails: momara@calkain.com and rmurphy@calkain.com; Web site: www.calkain.com.

Marcus & Millichap Real Estate Investment Services is selling St. Mary’s Plaza, a 14,000 sq.ft. strip center situated on 2.17 acres in St. Mary’s, OH. The property is 100% occupied and anchored by JT’s Brew & Grill, which is bound to a lease set to expire during 2021. Area retail includes Kroger and Kohl’s. Trade-area demographics include a population earning more than $61,000 as the average household income. The asking price is $1.858 million with a Cap rate of 9%. The company also negotiated the sale of the ground lease to a 7-Eleven located along Springfield Avenue/State Route 124 in Maplewood, NJ. The 15-year lease featured two, five-year options and 10% rent escalations every five years. 1712 Maplewood, LLC acquired the property from 1712 Springfield Commons, LLC for $1.125 million with a Cap rate of 6.67%. The company represented both the buyer and the seller in the transaction. For more information regarding the St. Mary’s property, contact Scott Wiles, Craig Fuller or Erin Patton, Marcus & Millichap Real Estate Investment Services; 216-2642000 Ext. 2026/2043 or 614-360-9800; Web site: www.marcusmillichap.com. For more information regarding the Maplewood property, contact 101 West Elm Street, Suite 600, Conshohocken, PA 19428; 215-5317000, Fax 215-531-7010. Plaza Advisors negotiated the sale of Gulf Breeze Marketplace, a 333,654 sq.ft. center located at the intersection of U.S. Highway 98 and County Road 281 in Pensacola, FL. At the time of sale, Walmart Supercenter and Lowe’s Home Improvement shadow-anchored the site. The company represented the seller, DDR Corp., in the transaction. For more information, contact Jim Michalak, Plaza Advisors, 3412 Bay to Bay Boulevard, Tampa, FL 33629; 813837-1300, Fax 813-831-2627; Email: jim.michalak@plazadvisors.com; Web site: www.plazadvisors.com. Or Anthony Blanco, 5201 Blue Lagoon Drive, Suite 846, Miami, FL 33126; 305-629-3606, Fax 305-647-6441; Email: anthony.blanco@plazadvisors.com. Sperry Van Ness is selling a 7,245 sq.ft. freestanding Family Dollar located along South Ashland Avenue in Chicago, IL. The tenant is bound to a ten-year lease. The asking price is $1.3 million with a Cap rate of 7.1%. For more information, contact Dan Elliot or Sean Lutz, Sperry Van Ness, 112 South Sangamon Street, 2nd Floor, Chicago, IL 60607; 312-529-5792/5790; Emails: delliot@svn112.com and slutz@svn112.com.

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Riser Retail Group is selling a 5,000 sq.ft. Ruby Tuesday located along West McGalliard Road in Muncie, IN. The tenant is bound to a ground lease featuring rent escalations every five years. Area retail includes Staples, Big Lots, Hobby Lobby and Jo-Ann Fabrics. Area draws include Ball State University. The NOI is $60,000. The asking price is $850,000 with a Cap rate of 7.06%. For more information, contact Jason Johnson, Riser Retail Group, 280 East 96th Street, Suite 225, Indianapolis, IN 46240; 317-844-0700, Fax 317-844-0701; Email: jjohnson@riserretailgroup.com. Cassidy Turley is selling a 6.6-acre parcel located at the intersection of Interstate 465/U.S. Highway 31 and Meridian/96th Street in Carmel, IN. Area retail includes McDonald’s. The average daily traffic count is 207,000 vehicles. The asking price is $8.02 million. Cassidy Turley|BT Commercial selling a Dollar General located in Plant City, FL. The tenant is bound to a 15-year NNN lease. The asking price is $1.771 million with a Cap rate of 7.5%. For more information regarding the Indianapolis property, contact Michael B. Drew, Cassidy Turley; 317-639-0470; Email: michael.drew@cassidyturley.com; Web site: www.cassidyturley.com. For more information regarding the Plant City property, contact Robert C. Sanner or Rick Sanner, Cassidy Turley|BT Commercial, 201 California Street, Suite 800, San Francisco, CA 94111; 415-677-0439/0429; Emails: bsanner@ctbt.com and rsanner@ctbt.com; Web site: www.ctbtnnn.com. Renz & Renz Real Estate Brokerage is selling a Walgreens located in Aurora, CO. The tenant is bound to a NN lease with seven years remaining on the initial term featuring options. The asking price is $4 million with a Cap rate of 8.35%. For more information, contact George L. Renz, Renz & Renz Real Estate Brokerage, 7500 Arroyo Circle, Suite 170, Gilroy, CA 95020; 408-846-1031, Fax 408-8461042; Email: grenz@ccim.com; Web site: www.renz-renz.com. Global Investment Realty looks to acquire freestanding restaurants throughout major markets in TX. Suitable properties are priced above $2 million. For more information, contact Rigoberto Juarez, Global Investment Realty, 8191 Southwest Freeway, Suite 203, Houston, TX 77074; 713-240-6822, Fax 832-203-1969; Email: treasurehunter63@yahoo.com. DM November 25, 2011

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Food Retailers Expand Nationwide

Sources of Financing NorthStar Real Estate Investment Trust, Inc., through a subsidiary, arranged $9.5 million for the refinancing of Ranch Lake Plaza, an 85,000 sq.ft. neighborhood shopping center in Bradenton, FL. The two-building center, which also includes an outlot, is anchored by Sweetbay Supermarket. The loan featured a 36-month term, a minimum interest rate of 8.25% and a loan-to-value ratio of 76%. For more information, contact NorthStar Real Estate Investment Trust, Inc., 3999 Park Avenue, 18th Floor, New York, NY 10022; 212-547-2600, Fax 212-547-2700; Web site: www.nrfc.com. The Howard Hughes Corp. received $250 million in financing for the redevelopment of Ward Centers, currently a 550,000 sq.ft. development situated on 60 acres in Honolulu, HI. The loan, arranged by Quadrant Realty Finance, features a fiveyear term and a 3.8% fixed interest rate, and was provided by Wells Fargo Bank, as well as a syndicate of banks including CIBC, First Hawaiian Bank, Bank of Hawaii, American Savings Bank and Central Pacific Bank. The project calls for a mixed-use development consisting of a 7.6-million sq.ft. residential component, a five-million sq.ft. retail component and a four-million sq.ft. office component. For more information, contact The Howard Hughes Corp., 13355 Noel Road, 22nd Floor, Dallas, TX 75240; 214741-7744, Fax 214-741-3021; Web site: www.howardhughes.com. The Venture Capital Group NY provides construction, mezzanine, bridge, private and hard-money financing for retail, office, warehouse, storage, industrial, medical, multifamily and other property types, as well as land, nationwide. Loans are available with fixed interest rates of 3.2% to 12.99% for three months or two, five, 30 or 35 years, featuring amortization schedules of five, seven, 10, 15, 20, 25 or 30 years and a maximum loanto-value ratio of 90% for acquisitions and 85% for refinances. For more information, contact The Venture Capital Group NY, Inc.; 888218-5752, Fax 480-393-4022; Web site: www.theventurecapitalgroup.com. DM

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(continued from page fifteen)

The Rib Crib BBQ, Inc. trades as Rib Crib BBQ & Grill at 42 locations throughout AR, FL, IA, KS, MO, NM, OK and TX. The casual barbecue restaurants occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of lifestyle, power and strip centers. Growth opportunities are sought throughout the central region of the U.S. during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Home Depot, Lowe’s Home Improvement, Target and Walmart. Preferred demographics include a population of 25,000 within three miles. A land area of 1.1 acres is required for freestanding locations. The company is franchising. For more information, contact Seth Nimmo, The Rib Crib BBQ, Inc., 4535 South Harvard Avenue, Tulsa, OK 741352905; 918-712-7427, Fax 918-728-6933; Email: snimmo@ribcrib.com; Web site: www.ribcrib.com. Bertucci’s Restaurant operates 100 locations throughout the northeastern region of the U.S. The Italian restaurants and pizzerias occupy spaces of 3,500 sq.ft. in endcaps and inline spaces of shopping centers. Plans call for two openings in CT, MA, NH, NJ or PA during the coming 18 months, with representation by Restaurant Sites. Jose Tejas/Border Café operates seven locations throughout DE, MA and NJ. The restaurants occupy spaces of 7,000 sq.ft. in freestanding locations. Plans call for three openings in CT, MA, NJ or PA during the coming 18 months, with representation by Restaurant Sites. For more information, contact Richard Gallivan, Restaurant Sites, 28 Somers Road, Hampden, MA 01036; 413566-0216, Fax 413-566-2227; Email: richardgallivan@restaurantsites.com. Edo Japan, Inc. trades as Edo Japan at 101 locations throughout CA, HI, NM, UT and WA, as well as in Alberta, British Columbia, Ontario, Saskatchewan and Quebec, Canada. The Japanese fast food restaurants occupy spaces of 400 sq.ft. to 600 sq.ft. in malls and of 1,200 sq.ft. to 1,500 sq.ft. in power and strip centers. Growth opportunities are sought throughout western Canada during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. The company is franchising. For more information, contact Tom Donaldson, Edo Japan, Inc., 4838 32nd Street Southeast, Calgary, Alberta, Canada T2B 2S6; 403-215-8810, Fax 403-2158801; Email: edo@edojapan.com; Web site: www.edojapan.com. Dealmakers

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Noodles & Company operates more than 260 locations throughout 20 states nationwide. The restaurants, specializing in noodle dishes, salads and sandwiches, occupy spaces of 2,500 sq.ft. to 2,700 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout UT during the coming 18 months, with representation by Coldwell Banker Commercial NRT. Typical leases run 10 years with two, five-year options. A vanilla shell and tenant improvement allowance are required. Preferred cotenants include Barnes & Noble, T.J. Maxx, Target and Old Navy. Preferred demographics include a population of 150,000 within three miles earning $60,000 as the average household income. The company requires sites with strong daytime traffic counts. For more information, contact Zach Beaudry, Coldwell Banker Commercial NRT, 6550 South Millrock Drive, Suite 200, Salt Lake City, UT 84121; 801947-8300, Fax 801-947-8301; Email: zach.beaudry@coldwellutah.com; Web site: www.coldwellutah.com. Del Taco operates more than 525 locations throughout 17 states nationwide. The Mexican restaurants, offering tacos, burritos and quesadillas, as well as American foods such as burgers, fries and shakes, occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in freestanding locations and entertainment, power and strip centers. Growth opportunities are sought throughout Los Angeles County, CA during the coming 18 months, with representation by Retail Net Lease Properties, Inc. Pizza Hut operates more than 13,100 locations nationwide and internationally. The pizzerias occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in urban/downtown areas and power and strip centers. Plans call for 10 openings throughout southern CA during the coming 18 months, with representation by Retail Net Lease Properties, Inc. For more information regarding Del Taco, contact Kevin Barry, Retail Net Lease Properties, Inc., 360 North Sepulveda Boulevard, Suite 1020, El Segundo, CA 90245; 310-252-7656 Ext. 153, Fax 310414-0040; Email: kevin@rnlp.biz; Web site: www.rnlp.biz. For more information regarding Pizza Hut, contact Charlie Cangelosi; 310-252-7656 Ext. 156; Email: D charlie@rnlp.biz. M

Home-Related Chains Expand Nationwide (continued from page one)

Darroch, Inc. trades as Dockside Imports at four locations throughout FL. The stores, offering accents, décor and furniture, including tables, chairs and room dividers, in addition to wall décor, wood chests, bar stools, artificial floral and plant displays and patio furniture, occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in malls and lifestyle, outlet, power, specialty, strip and value centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in areas with high pedestrian and vehicular traffic counts. For more information, contact Mark Sokolowski, Darroch, Inc., PO Box 780086, Orlando, FL 32878-0086; 407-221-5143; Email: marks@docksideimports.com; Web site: www.docksideimports.com. Grimes Ace Hardware Co., Inc. trades as Handyman Ace Hardware at eight locations throughout OH. The hardware stores, offering tools and related products, occupy spaces of 12,000 sq.ft. to 17,000 sq.ft. in freestanding locations and strip centers. Plans call for one to two openings within 50 miles of Dayton, OH during the coming 18 months. The company requires space for an outdoor storage area. Typical leases run five years with options. A tenant improvement allowance or vanilla shell is required. Preferred cotenants include drug and grocery stores. Major competitors include Home Depot and Lowe’s Home Improvement. For more information, contact David Grimes, Grimes Ace Hardware Co., Inc., 11 North Grand Avenue, Fairborn, OH 45324; 937-879-0141, Fax 937-879-1177. Costello’s Ace Hardware operates 19 locations throughout NY. The stores, offering hardware, electrical supplies, home décor and housewares, as well as lawn and garden products, sporting goods, tools and paint supplies, occupy spaces of 10,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout Long Island, Queens, Staten Island and Westchester, NY during the coming 18 months, with representation by First Development Corp. Realty. For more information, contact Stuart Kramer, First Development Corp. Realty, 1328 Motor Parkway, Hauppauge, NY 11749; 631-234-3200; Email: christine@fdcrealty.com; Web sites: www.fdcrealty.com and www.costelloace.com. DM

Retail Op p o r t u n i t i e s

to make your Mark in Bowie Median Household Income over $94,532 Average Household Income over $109,161 Bowie is one of the largest cities in Maryland. Bowie is also an excellent business location, easily accessed from Washington D.C., Annapolis and Baltimore. Bowie’s proximity to these major cities brings business and workforce into the area via Routes 3, 50 and 301. Bowie has more than 90 restaurants, 200 shops, and a dozen recreation opportunities. With this winning combination of location, access and amenities your business is certain to grow and succeed. For space available details call: Bowie Marketplace, Bob Schwenger, 301-657-7331

Free State Shopping Center, Rich Abruscato, 301-998-8188

Bowie Plaza, Jack deVilliers, 703-442-4315

Hilltop Plaza – Newly Renovated! Bruce Levine, 410-486-0800 x116

Bowie Town Center, Nicole Zupan, 703-415-2180

Pointer Ridge Plaza, Will Collins, 571-382-1290

Collington Plaza, Andrew Rose, 703-442-4500 x26

Shoppes at Bowie Town Center & Shoppes at Highbridge, Sean Weisbord, 410-771-1700

For more information on ALL of Bowie’s Opportunities, contact:

John Henry King, Economic Development Director, City of Bowie, Maryland 15901 Excalibur Road, Bowie, MD 20716 301.809.3042 | fax 301.809.2315 | jhking@cityofbowie.org

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Who’s Opening and Where (continued from page eighteen)

O’Reilly Automotive, Inc. (417-862-3333) plans to open a 6,800 sq.ft. O’Reilly Auto Parts store in a former Hollywood Video along North Central Avenue in Marshfield, WI. The existing building is undergoing an 1,800 sq.ft. expansion in order to accommodate the new store, which is slated to open next year. The company also plans to open a freestanding 7,700 sq.ft. store along North Wisner Street between North Street and Argyle Street in Jackson, MI. The store is slated to open next year. The company currently operates more than 3,600 locations throughout 39 states nationwide.

Publix Super Markets, Inc. (863-688-1188) will open a 55,000 sq.ft. Publix supermarket at a 90,000 sq.ft. retail development planned for the intersection of Madison Street and Memorial Drive in Clarksville, TN. The store will be the company’s first in the city and is slated to open during January. The company also plans to open a Publix at The Shoppes at Preachers Mill, a project under development in the city. The company also plans to open a 56,000 sq.ft. store at the intersection of Stadium Parkway and Viera Boulevard in Brevard, FL during the first quarter of next year. The Brevard location will be in the company’s “hybrid” concept, which are

Experience. Strength. Stability.

larger than typical Publix locations and blend a typical Publix store with the company’s GreenWise Market concept, offering unique items, more organic produce and prepared meals, a sit-down café and Wi-Fi access. The store will be the company’s third hybrid location. The company currently operates more than 1,000 locations throughout five states nationwide. Sterling Jewelers, Inc. (330-668-5000) plans to open a Kay Jewelers jewelry store at Rushmore Crossing, located along Elgin Street in Rapid City, SD. The store will replace an existing location at Rushmore Mall in the city, is slated to open during January and will join Bed Bath & Beyond, Scheels and Christopher & Banks at the center. The company will operate a temporary location at the site until the new store is opened. Menard, Inc. (715-876-5911) will open a Menards home improvement store along Iowa Avenue West in Marshalltown, IA. The store, which will replace an existing, smaller location in the city, will feature a full-service lumber yard and will also carry groceries, is slated to open during the spring. The company currently operates 262 locations throughout the midwestern region of the U.S.

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CHICAGO, IL | PEORIA, IL | ST. LOUIS, MO 309.999.1700 page 26

November 25, 2011

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Safeway, Inc. (925-467-3000) plans to open a 58,000 sq.ft. Safeway store in a former Mervyns along Contra Costa Boulevard in Pleasant Hill, CA. The store will offer organic produce, gourmet meats, wines and cheeses and will feature an expanded floral department. The store will replace an existing, smaller location at DVC Plaza in the city, and is slated to open during February. Fast Retailing Co. (212-221-9037) plans to open 1,600 Uniqlo apparel stores nationwide during the next several years. The company recently opened its second store in the U.S. along Fifth Avenue in New York, NY, as well as an outlet along 34th Street in Manhattan, NY, and is considering locations in San Francisco, CA; Chicago, IL and Boston, MA, among other major metropolitan areas. The company operates 940 locations worldwide. BRAVADA International, Ltd. (888-9998820) plans to expand both its BRAVADA Women’s Athletica and World of Leggings concepts during 2012. The company recently opened its first World of Leggings store, offering leggings, tights and intimate apparel, along Melrose Avenue in Los Angeles, CA during October. The company also plans to offer third-party franchising opportunities. DM

Real Estate Professionals Making the News

New Construction (continued from page twelve)

Faison is preleasing additional phases of Settlers Market, a 250,000 sq.ft. regional center located at the intersection of VA Route 199 and Monticello Avenue in Williamsburg, VA. Space is available along with pad sites. Trader Joe’s and Michaels anchor the center. Cotenants include BB&T Bank. Area draws include Colonial Williamsburg and William & Mary College. Area demographics include a population of 76,345 within seven miles earning $83,823 as the median household income. The remainder of the project is slated to open next fall. For more information, contact Drew Gorman, Jason Kastner or Allison Silver, Faison; 240-497-0523/0526/0521; Emails: drew.gorman@faison.com, jason.kastner@faison.com and allison.silver@faison.com; Web site: www.faison.com. Or Debra Ramey Paulus, The Shopping Center Group, 721 Lakefront Commons, Suite 301, Newport News, VA 23606; 757-722-2500; Email: debrar@theshoppingcentergroup.com; Web site: www.theshoppingcentergroup.com. Benderson is preleasing Cocalico Commons, located at the intersection of Route 222 and Colonel Howard Boulevard in East Cocalico, PA. Anchor and shop spaces are available along with outlots. Area demographics include a population of 73,437 within seven miles earning $81,628 as the average household income. The average daily traffic count is 45,000 vehicles. For more information, contact Benderson, 570 Delaware Avenue, Buffalo, NY 14202; 716-886-0211, Fax 716-886-2269; Web site: www.benderson.com. RBH Group, with Jacobs Enterprises, Inc., is developing Teachers Village, the initial phase of SoMa Newark Village, a 500,000 sq.ft. master-planned community in Newark, NJ. Teachers Village will feature a 65,000 sq.ft. retail component, a 205-unit residential component and a charter school. The phase is slated to open next year. For more information, contact RBH Group, 16 West 36th Street, New York, NY 10018; 212-685-7833. Or Jacobs Enterprises, Inc., 1051 Bloomfield Avenue, Clifton, NJ 07012; D 973-591-5222. M

S.L. Nusbaum Realty Co. (757-282-6505) hired Tyler Jacobson as a leasing associate in the company’s shopping center division. He will provide leasing services for centers located throughout the Hampton Roads, VA area. The company also hired John Shourds as a member of its shopping center management division. He will provide property management services for a portfolio of shopping centers located throughout the Hampton Roads, VA area. The company, headquartered in Norfolk, VA, manages, develops and provides brokerage services for retail, multifamily, office and industrial properties throughout FL, NC, SC and VA.

SRS Real Estate Partners (214-560-3215) hired Mark Kapnick as senior vice president of the company’s New York, NY office. He will join the company’s recently-formed Urban team, which specializes in major urban retail markets nationwide, and will focus on the New York, NY metropolitan area. Prior to joining the company, he served as senior managing director at Robert K. Futterman and Associates, where he specialized in retail leasing and investment sales. The company, headquartered in Dallas, TX, is a national retail real estate firm offering brokerage, corporate, development, and investment services.

Watt Cos. (310-314-2430) launched Watt Investment Partners as its acquisition division. The new arm of the company will invest in a number of projects, including retail and multifamily properties, as well as land. Former president and CEO Jim Maginn will lead the new division, in collaboration with former chief investment officer Dean Pentikis. The company also hired Jennifer Keith-McElyea as managing director and Marc Wyzykowski as an associate in the new division. Prior to joining the company, Keith-McElyea served as vice president at OneWest Bank, as well as at Apollo Real Estate Advisors, LP.

Vestar Property Management (602-8660900) hired Jeff Miyaoka as regional director of property management. He will be responsible for all property management functions for the company’s CA portfolio. Prior to joining the company, he served as vice president of operations for The Irvine Co., and also held positions at Developers Diversified Realty, Kimco Realty, Madison Marquette and Trizec Hahn. The company is a property management firm operating throughout the western region of the U.S.

Crossman & Co. (407-581-6231) hired John Zielinski as senior vice president of leasing and management. He will focus on properties in AL, GA, SC and TN. Prior to joining the company, he served as real estate manager for the southeastern region of the U.S. at Publix Super Markets, Inc. The company, headquartered in Orlando, FL, is a commercial real estate brokerage firm specializing in retail that leases and manages a portfolio of 150 centers throughout the southeastern region of the U.S. DDR Corp. (216-755-5500) appointed Rebecca L. Maccardini as a member of the company’s board of directors. She is principal of RMResources, LLC, a retail real estate consulting firm. The company owns and manages a portfolio of 546 shopping centers totaling 126 million sq.ft. throughout 41 states nationwide, as well as in Puerto Rico and Brazil.

Grosvenor Americas (415-434 0175) named Steve O’Connell as development manager at the company’s San Francisco, CA headquarters. Prior to joining the company, he served as construction project manager at Swinerton Builders, where he specialized in urban mixed-use projects. The company is a real estate investment and development firm handling retail, residential, office, hotel and industrial properties throughout metropolitan areas nationwide and in Canada. Clarion Partners, LLC (212-883-2500) named Hugh Macdonnell as managing director and global head – client capital management. He will also serve on the company’s investment and operating committees, and will operate out of the company’s New York, NY headquarters. Prior to joining the company, he served as managing director and global head of investor relations at Morgan Stanley. The company is a real estate investment management firm operating offices throughout major metropolitan markets nationwide, as D well as in Mexico and Brazil. M

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Lease Signings Cassidy Turley BRE Commercial (858625-5244) negotiated a 10-year, six-month lease with Lotus CafĂŠ for 3,625 sq.ft. along Fifth Avenue in San Diego, CA. The company represented both the tenant and the landlord, Village Hillcrest Partners, LP, in the transaction. The company also negotiated a seven-year lease with Mortonyâ&#x20AC;&#x2122;s Pasta House for 6,000 sq.ft. along Vista Village Drive in Vista, CA. The company represented the tenant in the transaction. The company also negotiated a five-year, two-month lease with Krafty Krepes for 880 sq.ft. along Prospect Street in La Jolla, CA. The company represented the tenant and Gallery Properties represented the landlord, 1241 Prospect Associates, LLC, in the transaction. The company also negotiated a three-year lease with Paint Within the Vines for 1,518 sq.ft. along Carlsbad Village Drive in Carlsbad, CA. The company represented the landlord, SIMA Management Corp., in the transaction. The company also negotiated a five-year lease with Asia Massage for 1,500 sq.ft. along El Camino Real in Carlsbad, CA. The company represented the landlord, Carlsbad Plaza, LLC, in the transaction. The company also negotiated a three-year lease with Laser Away for 968 sq.ft. along Towne Centre Drive in San Diego, CA. The company represented the landlord, ROIC, LLC, and CB Richard Ellis represented the tenant in the transaction. Taylor Long Properties (804-864-9788) negotiated a five-year lease with Yogurt Yeti, LLC for an 1,182 sq.ft. Yogurt Yeti at Wards Crossing West, located along Simons Run in Lynchburg, VA. The company represented the landlord, Wards Crossing West, LLC, in the transaction. The company also negotiated a six-year lease with Mountainview Cutters, LLC for a 1,200 sq.ft. Great Clips along Madison Heights Square in Madison Heights, VA. The company represented the tenant in the transaction. Saugatuck Commercial Real Estate, LLC (203-222-4196) negotiated the following leases at Harbor Point, located along Canal Street in Stamford, CT: with Dinosaur Bar-BQue for 7,500 sq.ft.; with First Niagara/New Alliance Bank for a 3,500 sq.ft. pad site with a drive-thru; with Robeks for 728 sq.ft.; with Go Green for 1,222 sq.ft., and with Subway for 738 sq.ft. The company represented the developer, Building and Land Technology, in the transactions. Whitestone REIT (713-435-2221) signed a lease with Teletron for 17,500 sq.ft. at Lion Square, a community shopping center located in Houston, TX. page 28

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Midland Atlantic (513-792-5000) negotiated the following leases on behalf of Massage Envy: for 3,200 sq.ft. at Fishers Corner, located along Commercial Drive in Fishers, IN, with Cassidy Turley representing the landlord, Sena Realty, in the transaction; for 4,800 sq.ft. at Allyne Park, located along North State Road 135 in Greenwood, IN, with Providence Partners representing the landlord, Allyne Park Dynasty, in the transaction; for 3,200 sq.ft. at Pine Valley Crossing Shopping Center, located along East Dupont Road in Ft. Wayne, IN, with NAI Harding Dahm representing the landlord, Indiana/Ft. Wayne, LLC, in the transaction, and for 4,800 sq.ft. at Village at Time Corners, located along West Jefferson Boulevard in Ft. Wayne, with the company representing the tenant and the landlord, The Broadbent Co., in the transaction. The company also negotiated a lease with Sport Clips for 1,300 sq.ft. along Fox Road in Indianapolis, IN. The company represented the tenant in the transaction. The company also negotiated a lease with Sport Clips for 1,111 sq.ft. at Crossroads Shopping Center, located along U.S. Highway 41 in Schererville, IN. The company represented the tenant in the transaction. The company also negotiated a lease with Blueberry Hill Pancake House for a 5,910 sq.ft. freestanding building along Town Center Road in Mooresville, IN. The company represented the landlord, Lim Revocable Trust, in the transaction. Winick Realty Group, LLC (212-792-2650) negotiated a lease with Roll N Go for 300 sq.ft. at the intersection of Canal Street and West Broadway in Manhattan, NY. The company represented the tenant and the landlord, Transworld Equities, in the transaction. Prudential Douglas Elliman Retail Group (212-418-2020) negotiated a lease with Buccellati for space along Madison Avenue between 67th Street and 68th Street in New York, NY. The company represented the tenant and Cushman & Wakefield represented the landlord in the transaction. Transwestern Retail (202-775-7087/7007) negotiated a lease with Barre 3 for space along Wisconsin Avenue Northwest in the Georgetown area of Washington, DC. The company represented the landlord, RB Properties, Inc., in the transaction. Brixmor Property Group (630-305-0255) signed a lease with Gorilla Games for 2,000 sq.ft. at Westridge Court, located at the intersection of Route 59 and Aurora Avenue in Naperville, IL. DM

Lead Sheet Flash Foods, Inc. dba Flash Foods Kathy Aldridge PO Box 2149 Waycross, GA 31502 912-285-4011 Ext. 2329, Fax 912-490-1087 Email: kaldridge@flashfoods.com Web site: www.flashfoods.com

Convenience The 180-unit chain operates locations throughout northern FL and GA. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 30 years.

Kwik Trip, Inc. dba Kwik Trip Scott Teigen 700 Wolske Bay Road, Suite 280 Menomonie, WI 54751 715-235-6626, Fax 715-235-7808 Email: steigen@kwiktrip.com Web site: www.kwiktrip.com

Convenience The 409-unit chain operates locations throughout IA, MN and WI. The convenience stores, with gasoline facilities, occupy spaces of 5,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of 60,000 sq.ft. is required.

CVS Penny Wickey, Daniel Neaton or Peter Yeskey c/o Saugatuck Commercial Real Estate, LLC 9 Burr Road Westport, CT 06880 203-222-4194/4188/4195 Emails: pwickey@saugatuckcommercial.com, dneaton@saugatuckcommercial.com and pyeskey@saugatuckcommercial.com Web site: www.saugatuckcommercial.com

Drug Store The 7,200-unit chain operates locations nationwide. The drug stores occupy spaces of 12,900 sq.ft. to 14,600 sq.ft. in freestanding locations. Growth opportunities are sought throughout Middlesex, New Haven, New London and Putnam counties in CT during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC. A land area of 1.5 acres is required.

Primrose Rob Samtmann or Rich Zeller c/o Equity Retail Brokers 101 West Elm Street, Suite 370 Conshohocken, PA 19428 610-645-7700 Ext. 108/122, Fax 610-645-5454 Email: rsamtmann@equityretialbrokers.com Web site: www.equityretailbrokers.com

Educational The 220-unit chain operates locations throughout AL, AZ, CO, FL, GA, IL, IN, KS, MA, MN, NC, NE, NJ, OH, OK, PA, TN, TX and VA. The childrenâ&#x20AC;&#x2122;s educational facilities occupy spaces of 11,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout NJ and eastern PA during the coming 18 months, with representation by Equity Retail Brokers. For information regarding expansion in Philadelphia, PA, contact Rich Zeller.

Atlantic Wireless dba AT&T Wireless Jack Kahn c/o Jack Kahn Realty Services Corp. 33 Clinton Road West Caldwell, NJ 07006 973-808-8757, Fax 973-808-8758 Email: jkbroker@aol.com

Electronics The 40-unit chain operates locations throughout NJ, PA and VA. The stores, offering wireless services and related products, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in freestanding locations, mall kiosks and strip centers. Plans call for 10 openings throughout the existing markets during the coming 18 months, with representation by Jack Kahn Realty Services Corp. Typical leases run five years with options. A vanilla shell and specific improvements are required. Major competitors include Verizon Wireless, T-Mobile and Sprint.

Go Wireless Brian Bielatowicz c/o Lee & Associates Commercial Real Estate Services, Inc. 25240 Hancock Avenue, Suite 100 Murrieta, CA 92562 951-445-4515, Fax 951-445-4555 Email: bbielatowicz@lee-associates.com Web site: www.gowireless.net

Electronics The 300-unit chain operates locations nationwide. The stores, offering Verizon services and products, occupy spaces of 900 sq.ft. to 2,000 sq.ft. in freestanding locations and endcaps and pad sites of shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Lee & Associates Commercial Real Estate Services, Inc. Preferred cotenants include Target.

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Lead Sheet Moorehead Communications dba Cellular Connections John Holloway PO Box 1870 Marion, IN 46952 765-651-2001, Fax 765-651-4626 Web site: www.ecellularconnection.com

Electronics The 265-unit chain operates locations throughout AL, CT, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, NC, NE, NJ, NY, OH, OK, PA, RI, SC, TN, TX, VA, WI and WV. The stores, offering wireless services and related products, occupy spaces of 1,500 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout AR, CT, DE, IL, IN, MA, MD, MI, MN, MO, NJ, NY, OH, OR, RI, TN, VA, WA, WI and Washington, DC during the coming 18 months. Typical leases run three to five years. A vanilla shell is required. Preferred cotenants include Target and Walmart. Preferred demographics include a population of 20,000 within 10 miles earning $50,000 as the average household income. Major competitors include T-Mobile, Sprint and AT&T Mobility. The company will also consider build-to-suits.

Cobb Theatres Jeremy Welman 2000-B Southbridge Parkway, Suite 100 Birmingham, AL 35209 205-802-1110 Ext. 112 Email: jwelman@cobbtheatres.com

Entertainment The 21-unit chain operates locations throughout AL; Lakeland, Miami-Dade, Orlando, Palm Beach, Tampa and Winter Haven, FL; Atlanta, GA, and Richmond and Hampton, VA. The movie theaters occupy spaces of 25,000 sq.ft. to 85,000 sq.ft. in entertainment, lifestyle and mixed-use centers. Growth opportunities are sought throughout the southeastern and mid-Atlantic regions of the U.S. during the coming 18 months. Preferred demographics include a population of 100,000 within three to five miles earning $75,000 as the average household income.

CTM Group Stacey Edelstein 13 Red Roof Lane, Unit 1A Salem, NH 03079 412-963-7575, Fax 412-963-7588 Email: stacey@kiddiekoncepts.com

Entertainment The 800-unit chain operates locations nationwide. The childrenâ&#x20AC;&#x2122;s rides occupy spaces of 200 sq.ft. in kiosks of super-regional and regional malls, as well as lifestyle centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in centers featuring a GLA above 500,000 sq.ft.

Retail Concepts International/Fun Factory dba Fun Factory, Island Fun, Jungle Fun and Fun Works Robert Solomon c/o Robert Solomon & Associates 4050 Tarrybrae Terrace Tarzana, CA 91356 818-757-3999, Fax 818-758-9380 Web site: www.funfactorygames.com

Entertainment The 26-unit chain operates locations nationwide. The entertainment facilities occupy spaces of 2,100 sq.ft. to 5,500 sq.ft. in regional malls and entertainment, lifestyle and specialty centers. Growth opportunities are sought along the eastern and western coasts of the U.S. as well as throughout the Pacific Southwest, during the coming 18 months. The company will also consider temporary locations.

The Zone Entertainment dba The Zone Dale Clark c/o Nexus Realty Corp. 285 17th Street, Suite 22 West Vancouver, Canada V7V 3S6 604-922-3353, Fax 604-922-6893 Email: daleclark@nexusrealtypartners.com

Entertainment The two-unit chain operates locations in Canada. The bowling alleys and brew pubs occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations, lifestyle centers and malls. Growth opportunities are sought throughout the western region of the U.S. during the coming 18 months, with representation by Nexus Realty Corp. Typical leases run 10 years. The company will also consider acquiring sites.

TD Bank Dan Lynch c/o Atlantic Retail Properties 1001 North U.S. Highway One, Suite 600 Jupiter, FL 33477 561-427-6699 Email: dlynch@atlanticretail.com Web site: www.atlanticretail.com

Finance The company operates 100 locations throughout FL. The banks occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Broward, Dade and Palm Beach counties in FL during the coming 18 months, with representation by Atlantic Retail Properties.

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Lead Sheet Extreme Retail Canada, Inc. dba Buck or Two Plus! Finlay Burt 11B Director Court Vaughan, Ontario, Canada L4L 4S5 905-265-3168, Fax 905-265-3162 Email: info@buckortwo.com Web site: www.buckortwo.com

General Merchandise The 65-unit chain operates locations throughout Canada. The stores, offering discounted general merchandise, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.

Sangsters Health Centres Wanda Wilson 2218 Hanselman Avenue Saskatoon, Saskatchewan, Canada S7L 6A4 306-653-4481, Fax 306-653-4688 Email: franchise@sangsters.com Web site: www.sangsters.com

Health The 41-unit chain operates locations throughout Canada. The stores, offering vitamins, herbs, nutritional supplements and natural cosmetics, occupy spaces of 500 sq.ft. to 1,000 sq.ft. in enclosed malls and of 1,000 sq.ft. to 1,500 sq.ft. in power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with five-year options. Major competitors include GNC. The company is franchising.

Berkshire Hathaway dba Helzberg Diamonds Ellen Zellemer 1825 Swift Avenue North Kansas City, MO 64116 816-842-7780, Fax 816-627-1301 Web site: www.helzberg.com

Jewelry The 232-unit chain operates locations nationwide. The fine jewelry stores occupy spaces of 1,500 sq.ft. to 1,700 sq.ft. in malls and of 2,000 sq.ft. to 2,200 sq.ft. in outlet centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include fashion retailers.

Brown Group Retail dba Famous Footwear Robert Grahamslaw 151 Fries Mill Road, Suite 505 Turnersville, NJ 08012 856-232-8160, Fax 856-232-8168 Email: rgrahamslaw@brownshoe.com Web site: www.brownshoe.com

Shoes The 1,400-unit chain operates locations nationwide. The stores, offering family footwear, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in malls and lifestyle, power and strip centers, as well as street fronts. Plans call for 45 openings throughout the existing market during the coming 12 months. A vanilla shell is required. Preferred cotenants include Target, Kohlâ&#x20AC;&#x2122;s, JCPenney, Marshalls, Bed Bath & Beyond and T.J. Maxx. Preferred demographics include a population of 120,000 within five miles earning $50,000 as the average household income.

Cavenderâ&#x20AC;&#x2122;s Boot City Sharon Biles c/o Sabre Properties 3336 Richmond Avenue, Suite 302 Houston, TX 77098 713-524-4646, Fax 713-630-0680

Shoes The 50-unit chain operates locations throughout AR, KS, LA, OK and TX. The stores, offering western apparel and footwear for men, women and children, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout AR, AZ, CO, KS, LA and MO during the coming 18 months, with representation by Sabre Properties. Preferred demographics include a population of 50,000 within five miles. The company prefers to acquire sites but will also consider leasing.

Health Shoes Plus, Inc. dba Happy Feet Plus and Birkenstock Jacob Wurtz 465 Clearwater Largo Road North Largo, FL 33770 727-538-1111, Fax 727-518-9769 Email: jacob@happyfeet.com Web site: www.happyfeet.com

Shoes The nine-unit chain operates locations throughout Tampa Bay, Sarasota, Ft. Myers and Ellenton, FL. The shoe stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in lifestyle, outlet and power centers. Growth opportunities are sought throughout Sarasota, Naples, Orlando and New Tampa, FL during the coming 18 months. Typical leases run five years with five-year options. A vanilla shell is required. Preferred cotenants include upscale retailers.

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Lead Sheet Shoe Avenue Bill Buffington c/o Trans-Continental Development Group, LLC 501 East Kennedy Boulevard Tampa, FL 33602 813-363-1009, Fax 813-973-8548

Shoes The three-unit chain operates locations throughout FL. The stores, offering discounted footwear and accessories, occupy spaces of 12,000 sq.ft. to 17,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought along the western coast of FL during the coming 18 months, with representation by Trans-Continental Development Group, LLC. Typical leases run five years. A tenant improvement allowance is required. Preferred cotenants include Ross Dress for Less, Publix, Marshalls and T.J. Maxx. Preferred demographics include a population of 47,000 within 3.5 miles earning $40,000 as the average household income. Major competitors include Shoe Carnival and Shoe Show.

Calloway’s Nursery, Inc. dba Calloway’s Nursery John Cosby 4200 Airport Freeway, Suite 200 Ft. Worth, TX 76117 817-222-1122, Fax 817-222-1040 Email: jcosby@calloways.com Web site: www.calloways.com

Specialty The 19-unit chain operates locations throughout TX. The nurseries occupy freestanding locations situated on a land area of three acres. Limited growth opportunities are sought throughout the existing market during the coming 18 months. Specific improvements are required. Preferred demographics include a population of 10,000 within three miles earning $100,000 as the average household income.

Relax The Back Acquisitions Corp. dba Relax The Back Kurt Buehler 6 Centerpointe Drive, Suite 350 La Plama, CA 90623 800-290-2225 Ext. 7941 Web site: www.relaxtheback.com

Specialty The 105-unit chain operates locations nationwide. The stores, offering back support products, occupy spaces of 2,300 sq.ft. to 2,700 sq.ft. in lifestyle, power and specialty centers. Plans call for 10 openings throughout the existing market during the coming 18 months. Typical leases run five years with options. A vanilla shell and tenant improvement allowance are required. Preferred cotenants include P.F. Chang’s and Ann Taylor. Preferred demographics include a population of 150,000 within five miles earning $80,000 as the average household income. The company is franchising.

Wild Birds Unlimited Paul Pickett 11711 North College Avenue, Suite 146 Carmel, IN 46032 317-571-7100 Ext. 135, Fax 317-208-4050 Email: pickettp@wbu.com Web site: www.wbu.com

Specialty The 278-unit chain operates locations nationwide and throughout Canada. The stores, offering bird feeders, houses, seeds and nature-related gifts and products, occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.

Total Hockey Scott Bitney c/o L3 Corp. 12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: scott@l3corp.net Web site: www.l3corp.net

Sporting Goods The 10-unit chain operates locations throughout IL, MN and MO. The sporting goods stores occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout St. Louis, MO during the coming 18 months, with representation by L3 Corp.

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 32

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COHEN REAL ESTATE INVESTMENT SALES

ND MN

• $5 billion of real estate transacted

• 25,000,000 SF of real estate transacted

• Properties sold in 39 states

NV CO

IL KS

CT NJ DE MD

MA RI

NC SC

AR MS

• Clients include private investors, REIT’s and pension fund advisors

KY TN

• $160,000,000 currently listed exclusively in the Southeast, Midwest and Northeast

• Expanded in 2011 with the addition of four new brokers -- and more to follow • Celebrating our 20th anniversary

See www.cohenco.com for more details

INVESTMENT SALES Helen Putterman President 212 679 1222 x776 Putterman@cohenco.com

AMERICAN COMMERCIAL REALTY ASSET & PROPERTY MANAGEMENT • LEASING • REDEVELOPMENT • CONSTRUCTION MANAGEMENT

ND MN WI

MI PA

IA IL KS

AR MS TX

• • • •

Approximately 2,500,000 SF under management in 7 states Over 600 tenants More than 50 new leases signed in 2011 Celebrating our 10th anniversary

Featured Properties Jacaranda Plaza | Plantation, FL | 173,000 SF Publix, SteinMart, CVS | 1,200 to 5,000 SF Available Mark Twain Village | St. Charles, MO | 306,000 SF Bass Pro, Gordmans, Aldi | 1,080 to 6,480 SF Available plus Expansion Westside South | Gretna, LA | 280,000 SF Home Depot, Big Lots, Rooms to Go | 21,512 SF Available (Divisible) Roebuck Marketplace | Birmingham, AL | 225,000 SF Shadow anchored by Super Walmart; Cato Metro, Dollar Tree, CitiTrends, Harbor Freight | 4,000 to 64,000 SF Available plus Outparcels See www.AmComRealty.com for more details

LA FL

LEASING & PROPERTY MANAGEMENT Rick Baer Chief Operating Officer 561 775 1300 Baer@AmComRealty.com

Exclusives and Leasing Assignments

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Studley Retail (213-553-3800) represents the following retailers with their expansion plans: Jos. A. Bank, throughout southern CA excluding Santa Barbara County, seeking spaces of 4,000 sq.ft.; Catherines, throughout southern CA and NV, seeking sites of 4,000 sq.ft.; Fashion Bug, throughout southern CA and NV, occupying spaces of 7,000 sq.ft.; Lane Bryant, throughout southern CA and NV, utilizing sites of 5,000 sq.ft.; Priscilla of Boston, throughout southern CA and AZ, occupying sites of 4,000 sq.ft. to 5,000 sq.ft.; David’s Bridal, throughout the western region of the U.S., utilizing spaces of 8,000 sq.ft. to 10,000 sq.ft.; Avenue, throughout AZ and northern CA, seeking sites of 4,500 sq.ft. to 5,000 sq.ft.; Pier 1 Imports, throughout southern CA excluding San Diego County, as well as in ID, NV and UT, seeking spaces of 10,800 sq.ft.; Tuesday Morning, throughout AZ, southern CA, ID and NV, occupying spaces of 8,000 sq.ft. to 12,000 sq.ft., and Fossil, throughout southern CA, utilizing sites of 1,100 sq.ft. to 1,500 sq.ft. Welco Realty, Inc. (914-576-7500) represents the following retailers with their expansion plans: Fairway Supermarket, throughout northern NJ, utilizing sites of 50,000 sq.ft. to 60,000 sq.ft. in regional and community shopping centers; HomeGoods, throughout NJ, seeking spaces of 25,000 sq.ft. in regional centers; HSBC Bank, throughout NJ, occupying sites of 3,500 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps and pad sites of shopping centers; JCPenney, throughout NJ and NY, occupying spaces of 98,000 sq.ft. to 100,000 sq.ft. in power centers; Jo-Ann Fabrics, throughout NJ and the New York, NY metropolitan area, seeking spaces of 12,000 sq.ft. to 22,000 sq.ft.; Kid City, throughout NJ and the New York, NY metropolitan area, seeking sites of 10,000 sq.ft., and Lot Less Closeouts, throughout NJ and the New York, NY metropolitan area, utilizing sites of 10,000 sq.ft. to 20,000 sq.ft. in regional centers and freestanding locations. Xsite Real Estate, Inc. (312-870-0257) represents GameStop with the chain’s expansion throughout IL. The video game stores are seeking spaces of 1,500 sq.ft. to 2,000 sq.ft. in endcaps of outlet and power centers. The company also represents Red Mango with the chain’s expansion throughout the Chicago, IL metropolitan area. The frozen yogurt shops are seeking spaces of 800 sq.ft. to 1,500 sq.ft. DM

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November 25, 2011

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Space Place Alabama

Florida

Gardendale – Century Shoppes of Gardendale, a 156,385 sq.ft. center located along Fieldstown Road, has spaces available of 1,000 sq.ft.; 1,800 sq.ft. and 2,920 sq.ft. along with an outlot. Publix, Hobby Lobby and T.J. Maxx anchor the center. Cotenants include H&R Block, Cato, Hometown Threads, Shoe Show and Dollar Tree. Area retail includes Arby’s, Waffle House, Wells Fargo Bank, Pizza Hut, AT&T Mobility, KFC, Chick-fil-A, Little Caesar’s, Merle Norman and Ruby Tuesday. Area demographics include a population of 60,699 within a 15-minute drive-time earning $44,190 as the average household income. For details, contact Sherri Mann or Lynda Nagy, Century Retail, 500 South Florida Avenue, Suite 700, Lakeland, FL 33801; 800-778-6867, Fax 863-647-3992; Emails: sherri@centuryretail.com and lynda@centuryretail.com; Web site: www.centuryretail.com.

sq.ft.; 2,949 sq.ft. and 9,000 sq.ft. Home Depot, Jo-Ann Fabrics and Dollar General anchor the center. Cotenants include RadioShack, Optimart and Subway. Area retail includes Gulf View Square Mall. Area demographics include a population of 244,717 within 10 miles earning $47,637 as the average household income. The average daily traffic count is 65,000 vehicles. Tampa – Carrollwood Square, a 63,256 sq.ft. center located at the intersection of Ehrlich Road and Turner Road, has spaces available of 1,065 sq.ft.; 1,100 sq.ft. and 1,200 sq.ft. Publix anchors the center and cotenants include Fantastic Sams, China Wok and Family Cleaners. Area demographics include a population of 179,908 within five miles earning $79,581 as the average household income. For details, contact Serina NguyenHo, The Sembler Co., 5858 Central Avenue, St. Petersburg, FL 33707; 727-344-8190, Fax 727-343-4272; Email: serina.nguyenho@sembler.com; Web site: www.sembler.com.

California Los Angeles – The Promenade at Howard Hughes Center, a 248,840 sq.ft. center located off Interstate 405, has space available. Rave Motion Pictures and Nordstrom Rack anchor the center. Cotenants include Souplantation and Islands. Area draws include Pepperdine University. Area demographics include a population of 661,670 within five miles earning $74,562 as the average household income. For details, contact Howard S. Wong, The Promenade at Howard Hughes Center, 6081 Center Drive, Suite 202A, Los Angeles, CA 90045; 714-998-1521 Ext. 211, Fax 714998-6378; Email: hwong@passco.net; Web site: www.hhpromenade.com.

Florida Ormond Beach – Destination Daytona, located at the intersection of Interstate 95 and U.S. Highway 1, has spaces available from 700 sq.ft. to 2,065 sq.ft. along with an 8,000 sq.ft. outlot. Cotenants include Love’s Travel Stop, Houligan’s Sports Bar & Grille, Daytona Pig Stand, Saint & Sinners Pub and J&P Cycles. The average daily traffic count is 90,000 vehicles. For details, contact Whitaker Leonhardt, Crossman & Co., 3333 South Orange Avenue, Orlando, FL 32806; 407-581-6238; Email: wleonhardt@crossmanco.com; Web site: www.crossmanco.com. Pt. Richey – Home Depot Plaza, a 173,319 sq.ft. power specialty center located at the intersection of U.S. Highway 19 and Fox Hollow Drive, has spaces available of 1,878 Dealmakers

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Tampa – A 6,500 sq.ft. freestanding building located at the intersection of 22nd Street and Hillsborough Avenue is available. Area retail includes Walgreens. Area demographics include a population of 58,690 within two miles earning $42,547 as the average household income. The average daily traffic count is 78,100 vehicles. For details, contact Matt Fuller, Barclay Group, 1123 Overcash Drive, Dunedin, FL 34698; 727-733-7585 Ext. 324; Email: mfuller@barclaygroupeast.net; Web site: www.barclaygroup.net.

Illinois Naperville – Hobson West Plaza, a 99,042 sq.ft. strip center located at the intersection of Richert Road and 75th Street, has spaces available of 1,050 sq.ft. and 51,692 sq.ft. Area demographics include a population of 236,016 within five miles earning $112,720 as the average household income. For details, contact Robert J. Swierbut, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 914-288-8122; Email: rswierbut@acadiarealty.com; Web site: www.acadiarealty.com.

Missouri St. Louis – Greentree Center, a strip center located at the intersection of Manchester Road and Woodlawn Avenue, has spaces available (continued on page thirty-eight)

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of 1,070 sq.ft. and 1,166 sq.ft. St. Louis Bread Co., Oberweis Dairy and 24 Hour Fitness anchor the center. Cotenants include Eleven Mile House, Paper Warehouse, Exquisite Nails, Hairtopia, Great Clips and The Dance Center of Kirkwood. Area demographics include a population of 84,012 within three miles earning $114,512 as the average household income. The average daily traffic count is 30,000 vehicles. Also, Kirkwood Bend, a 123,164 sq.ft. center located at the intersection of Big Bend Road and South Kirkwood Road, has a 33,324 sq.ft. space available. AT&T Mobility anchors the center and cotenants include Big Bend Imaging. Area demographics include a population of 181,512 within five miles earning $97,860 as the average household income. The average daily traffic count is 50,000 vehicles. The asking rent is $23 psf. For details, contact Jennifer Heilweck, Novus Cos., 333 South Kirkwood Road, St. Louis, MO 63122; 314-968-0842, Fax 314963-0241; Email: jheilweck@novusdev.com; Web site: www.novusdev.com. For additional information regarding Kirkwood Bend, contact Peter Sebelski.

Nebraska Omaha – Westwood Plaza, a 49,948 sq.ft. mall located at the intersection of 120th Street and West Center Road, has spaces available from 919 sq.ft. to 12,250 sq.ft. Cotenants include T.J. Maxx, Burlington Coat Factory and Office Depot. Area retail includes Montclair on Center. Area demographics include a population of 240,200 within five miles earning $81,564 as the average household income. The average daily traffic count is more than 70,000 vehicles. The asking rent ranges from $18 psf to $25 psf NNN. Also, a divisible 14,841 sq.ft. freestanding building situated on 1.54 acres along Mercy Road is available. Area demographics include a population of 269,128 within five miles earning $47,334 as the median household income. The asking rent ranges from $6.50 psf to $10.75 psf NNN. Also, a 3,040 sq.ft. freestanding building situated on 1.44 acres at the intersection of 180th Street and West Center Road is available. Area retail includes Red Robin and Omaha State Bank. The average daily traffic count is 121,366 within five miles earning $74,216 as the median household income. The average daily traffic count is 42,650 vehicles. The asking monthly rent is $8,000 psf NNN. For details regarding Westwood Plaza, contact Dan Dutton, World Group page 38

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Commercial Real Estate, 780 North 114th Street, Omaha, NE 68154; 402697-8899, Fax 402-697-8585; Email: ddutton@worldgroupllc.com; Web site: www.worldgroupllc.com. For details regarding the freestanding properties, contact Trenton B. Magid; Email: tmagid@worldgroupllc.com. For additional information regarding the 180th Street building, contact Nancy Klauschie; Email: nklauschie@worldgroupllc.com.

Avenue, Suite 260, White Plains, NY 10605; 914-288-8122; Email: rswierbut@acadiarealty.com; Web site: www.acadiarealty.com.

Nevada Las Vegas – The Mall at Grand Canyon, a 140,000 sq.ft. power center situated on 81.87 acres at the intersection of Flamingo Road and Grand Canyon Parkway, has spaces available from 1,150 sq.ft. to 40,751 sq.ft. Target, Kohl’s, Sears Grand and JCPenney anchor the center. Area demographics include a population of 250,147 within five miles earning $93,812 as the average household income. For details, contact Shannon Green, Arizona Partners; 949-500-2587; Email: shannon.green@cox.net. Las Vegas – Best in the West, a 437,000 sq.ft. power center located at the intersection of Rainbow Boulevard and Lake Mead Boulevard, has a 25,000 sq.ft. former Borders space available. Cotenants include Ulta, Old Navy, The Sports Authority, Jo-Ann Fabrics, PetSmart, Bed Bath & Beyond, Applebee’s, Best Buy, Office Depot, McDonald’s and Jared – The Galleria of Jewelry. For details, contact Carina Roper, Weingarten Realty; 702-259-7916; Email: croper@weingarten.com; Web site: www.weingarten.com.

New Jersey Absecon – Marketplace of Absecon, a 104,556 sq.ft. strip center located at the intersection of Route 30/White Horse Pike and Route 9, has spaces available of 2,644 sq.ft.; 4,566 sq.ft. and 20,454 sq.ft. Dollar Tree, Rite Aid and Sherwin-Williams anchor the center. Cotenants include Advance Auto, Arby’s and Island Gym & Fitness. Area retail includes ShopRite, Home Depot, Staples, CVS, Five Guys Famous Burgers and Fries and Denny’s. Area demographics include a population of 69,370 within five miles earning $72,233 as the average household income. The average daily traffic count is 31,000 vehicles. For details, contact Robert J. Swierbut, Acadia Realty Trust, 1311 Mamaroneck Dealmakers

www.dealmakers.net

Basking Ridge – Highlands Village at Liberty Corner, a 60,506 sq.ft. specialty center situated on 11.14 acres, has spaces available of 1,060 sq.ft. and 7,250 sq.ft. Rite Aid anchors the center and cotenants include Chu’s Cafe, Village of Highlands Cleaners, Skylands Community Bank, Dunkin’ Donuts, Veneto Gourmet Deli & Pizza, Kaleidoscope Hair & Body Artistry, The Wine Rack, Kumon Learning Center, Tiny Turtle Academy and Get in Shape for Women. Area demographics include a population of 64,391 within five miles earning $128,098 as the average household income. The average daily traffic count is 7,033 vehicles. For details, contact Peter Wisniewski, CBC Feist & Feist Realty Corp., 180 Mt. Airy Road, Suite 200, Basking Ridge, NJ 07920; 908-696-1500, Fax 908-696-1511; Email: mail@feistandfeist.com; Web site: www.feistandfeist.com. Deptford – Deptford Plaza, located along Deptford Center Road, has spaces available of 3,500 sq.ft.; 15,035 sq.ft.; 35,050 sq.ft. and 48,520 sq.ft. Area demographics include a population of 222,129 within five miles earning $78,542 as the average household income. Moorestown – Maple Shade, located at the intersection of Route 73 and Willow Road, has spaces available of 4,600 sq.ft. and 42,173 sq.ft. Cotenants include Lowe’s Home Improvement and Bally Total Fitness. Area demographics include a population of 210,569 within five miles earning $104,125 as the average household income. For details, contact Jarett Parker, Kimco Realty, 170 West Ridgely Road, Suite 210, Lutherville, MD 21093; 410-427-4430; Email: jparker@kimcorealty.com. Ft. Lee – Linwood Plaza Shopping Center, a 100,000 sq.ft. strip center located along Route 9 West, has a 10,000 sq.ft. space available. Cotenants include CVS, Bank of America, HMart, Starbucks, AT&T Mobility, GameStop, RadioShack and FedEx Office. Area demographics include a population of 155,315 within three miles earning $107,517 as the average household income. The average daily traffic count is 25,000 vehicles. For details, contact Marvin R. Shulsky, Shulsky Properties, Inc., 192 Lexington Avenue, 6th Floor, New York, NY 10016; (continued on page forty-two)

Retail Specialists unique

real

estate

NY, NJ & CT

solutions

• Airmont/Suffern, NY – 11 N. Airmont Road 1.3 Acre Parcel Avail for Ground Lease.

• West Haverstraw, NY – Route 9W 1,800 – 13,000 SF Avail on 2 Acre Parcel Opposite Stop & Shop at Light.

• Airmont/Suffern, NY – Route 59 – Airmont Shopping Plaza 20,000 – 60,000 SF Avail. Shopping Center Redevelopment.

• White Plains, NY – Tarrytown Road – Rosemont Plaza 1,690 SF End Cap Avail. Join Planet Pizza, Pella Windows & Leslie Pools.

• Dobbs Ferry, NY – On Saw Mill Parkway – Chauncey Square 1,562 SF Retail & 765-5,780 SF Office Avail. Newly Constructed Building.

• Vails Gate, NY – Route 32 – Big V Town Center 2,000 – 7,000 SF Avail. Join Shop Rite & K-Mart.

• Katonah, NY – 18 Woods Bridge Road (Route 17) 2,560 SF Avail. New Free Standing Bldg with Drive-Thru.

• Yonkers, NY – Buena Vista Avenue – Yonkers Train Station 1,800 SF Avail. Highly Visible Downtown Location.

• Kingston, NY – Ulster Avenue (Route 9W) 2 Free Standing Pad Sites with Drive-Thru. Up to 15,000 SF Avail.

• Yonkers, NY – Main Street – New Construction at Waterfront 4,877 SF Avail. Join Key Bank, Retro Fitness & Verizon FIOS.

• Middletown, NY – Route 211 – H&K Furniture Plaza 1,875 – 43,000 SF Avail. Join Aldi, Cosmo Prof & Sherwin-Williams.

• Branford, CT – Branhaven Plaza 3,675 SF (divisible) Avail. Join Kohl’s, Big Y, Children’s Place, Justice, Dots, Payless and GNC. High Traffic Center.

• Monroe, NY – Route 17M – Monroe Plaza 2,500 – 50,625 SF Avail. Join Stop & Shop & McDonald’s. • Nanuet, NY – Route 59 – Rockland Center 8,000 – 23,000 SF Avail. Join Pathmark, Big Lots, PetSmart, AC Moore & HomeGoods. High Traffic/Visibility.

• Derby, CT – Pershing Drive – ShopRite Plaza 4,000 – 12,000 SF Avail. Join ShopRite, Petland & Pay-Half. • Milford - CT –Route 1 – Liberty Rock Shopping Center 1,200 – 4,480 SF Avail. K-Mart, Walgreen’s, Dollar Tree & Ocean State Job Lot.

• Pawling, NY – Route 22 – Pawling Park 2,277 – 6,538 Avail. New Shopping Center. Join Dollar General.

• Newington, CT – Berlin Turnpike – JoAnn’s Plaza 1,500 SF Avail. Join JoAnn’s, Big Lots, Modell’s & Planet Fitness.

• Pleasantville, NY – Washington Avenue 2,500 SF Avail. Join Cold Stone Creamery. Walk to Theater & Train.

• Norwalk, CT – Route 1 – Shop Rite Plaza 980 – 15,000 SF Avail. Join Shop Rite, Barnes & Noble, GameStop & UPS.

• Port Chester, NY – Westchester Avenue – Waterfront at Port Chester 4,600 SF Avail. Join Stop & Shop & Bed Bath & Beyond.

• Norwalk, CT – Main Avenue (Route 7) – Center Seven 2,000 – 4,300 SF Avail. Join Starbucks, European Wax & Planet Pizza.

• Poughkeepsie, NY – Main Street – Poughkeepsie Train Station 1,500 – 4,800 SF Avail. Close Proximity to Highly Trafficked Rte. 9

• Norwalk, CT –Main Avenue (Route 7) – Wal-Mart Center 4,380 & 7,040 SF Avail. Join Wal-Mart, Staples & Bank of America.

• Poughkeepsie, NY – Route 9 – South Road Square 2,425 SF Avail. Join Auto Zone, AT&T, GameStop & Subway.

• Orange, CT – 250 Indian River Road 18,937 SF Free Standing Bldg. Avail. 21 Foot Ceiling & 92 Parking Spaces.

• Rye, NY – 100 Purchase Street 1,925 SF Free Standing Building Avail. Opposite Train Station.

• Stamford, CT – Route 1 – Shop Rite Plaza 1,625 & 2,073 SF Avail. Join Shop Rite, Dunkin’ Donuts & Subway.

• Thornwood, NY – Columbus Avenue – Rosehill Shopping Center 1,500 SF Avail. Join A&P, CVS, Chase & Radio Shack.

Representing retailers in select regions...

850 Bronx River Road • Bronxville, NY 10708 • (t) 914-237-3403 • (f) 914-237-0196

www.RoyalPropertiesInc.com

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Important Dates and Times Monday, December 5 On-Site Registration/Badge Pick-up 7:00am - 7:00pm Deal Making 9:00am - 5:30pm General Session w/ Mayor Michael R. Bloomberg 9:30am - 10:30am Retail Runway 10:30am - 11:45am Member-Sponsored Cocktail Reception 5:30pm - 7:00pm

Tuesday, December 6 On-Site Registration/Badge Pick-up 8:00am - 4:00pm Deal Making 8:30am - 4:00pm

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212-685-1514, Fax 212-685-3610; Email: mshulsky@spi307.com. Voorhees – Eagle Plaza, located at the intersection of Route 561/Haddonfield-Berlin Road and White Horse Road, has spaces available from 1,200 sq.ft. to 11,415 sq.ft. along with a 4,800 sq.ft. pad site. Cotenants include Ross Dress for Less, Acme, Office Depot, Rite Aid, Hallmark, McDonald’s and Five Guys Famous Burgers and Fries. Area retail includes Target, Bally Total Fitness, Ritz Movie Theatre, Applebee’s, Wendy’s, FedEx Office, Panera Bread and Baja Fresh. The average daily traffic count is 52,000 vehicles. For details, contact David Dunkelman, Colliers International, 399 Market Street, Third Floor, Philadelphia, PA 19106; 215928-7542, Fax 215-925-1040; Email: david.dunkelman@colliers.com; Web site: www.colliers.com.

New York Amherst – Maple Crossing, a 67,389 sq.ft. strip center situated on 5.2 acres at the intersection

New York

of Maple Road and North Bailey Avenue, has spaces available of 21,000 sq.ft. and 28,000 sq.ft. DSW and Red Robin anchor the center. Cotenants include Brick House Tavern & Tap, Empire Vision, Oreck, Cold Stone Creamery and Empire Vision. Area retail includes Dick’s Sporting Goods, Boulevard Mall, Boulevard Consumer Square, Northtown Plaza and Maple Ridge Plaza. Area demographics include a population of 711,391 within 10 miles earning $60,264 as the average household income. The average daily traffic count is 24,620 vehicles. For details, contact David Doerr or Joe Deck, Realty USA Commercial Division, 361 Delaware Avenue, Suite 101, Buffalo, NY 14202; 716-856-7107, Fax 716-8567214; Email: ddoerr@realtyusa.com; Web site: www.realtyusacommercial.com.

population of 4.461 million within 10 miles earning $83,637 as the average household income. For details, contact Alex Hill or Ann LaCentra, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2655/2652, Fax 212792-2660; Emails: ahill@winick.com and ann@winick.com; Web site: www.winick.com.

Bronx – An 8,828 sq.ft. freestanding building located at the intersection of East Gun Hill Road and Allerton Avenue is available. Area retail includes Home Depot, Ridgewood Savings Bank, Dunkin’ Donuts, Eastern Wok Buffet, T.G.I. Friday’s, Aldi and Planet Fitness. Area demographics include a

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Islandia – A two-acre parcel located along Veterans Highway is available for ground lease or build-to-suit. Area retail includes Walmart Supercenter and Stop & Shop. Area demographics include a population of 248,293 within five miles earning $92,360 as the average household income. The average daily traffic count is 33,300 vehicles. For details, contact Judy Pascucci or Alexa Delavale, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-7417400 Ext. 216, Fax 516-741-5621; Email: jpascucci@breslinrealty.com; Web site: www.breslinrealty.com. Queens – A 9,650 sq.ft. space located along Myrtle Avenue is available. Area retail includes Banco Popular, 7-Eleven, Seneca, Payless ShoeSource, Sleepy’s, Duane Reade, Burger King, FYE, GameStop, Fabco Shoes, New York & Co., Taco Bell, RadioShack, Baby Blue and The Children’s Place. Tradearea demographics include a population of 600,000 earning more than $40,000 as the median household income. For details, contact Rick Stassa, NAI Friedland, 656 Central Park Avenue, Yonkers, NY 10704; 914-968-8500; Email: rickstassa@friedlandrealty.com. Staten Island – Rossville Shopping Center, a 28,662 sq.ft. center located at the intersection of Rossville Avenue and Grafe Street, has a 2,925 sq.ft. space available. Mignosis Market and Duane Reade anchor the center. Area demographics include a population of 300,574 within five miles earning $92,094 as the average household income. For details, contact Nicholas Forelli, Muss Development, LLC, 118-35 Queens Boulevard, Forest Hills, NY 11375; 718263-3800, Fax 718-263-5069; Email: nforelli@muss.com; Web site: www.muss.com.

North Carolina Raleigh – Six Forks Station Shopping Center, located at the intersection of Six Forks Road and Strickland Road, has a 27,000 sq.ft. former Borders available. Cotenants include Home Depot, Kmart, Chick-fil-A and Taco Bell.

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For details, contact Ken Wygle, Weingarten Realty; 919-845-3941; Email: kwygle@weingarten.com; Web site: www.weingarten.com.

For details, contact Kim Maguire, Kimco Realty, 13635 North Cornell Road, Portland, OR 97229; 503-574-3329 Ext. 205; Email: kmaguire@kimcorealty.com; Web site: www.kimcorealty.com.

Less anchor the center. York – Colonial Shopping Center, a 34,196 sq.ft. strip center situated on 2.7 acres, has spaces available of 740 sq.ft.; 1,430 sq.ft. and 1,916 sq.ft. Minnich’s Pharmacy anchors the center. The average daily traffic count is 15,550 vehicles. The asking rent ranges from $6 psf to $18 psf. For details regarding the Hanover property, contact Ryan A. Myers, ROCK Commercial Real Estate, 221 West Philadelphia Street, Suite 19, York, PA 17401; 717-

Ohio Delaware – Delaware Community Plaza, located along U.S. Highway 23, has spaces available from 1,200 sq.ft. to 15,000 sq.ft. Walmart, Sears Hardware and Kroger anchor the center. Hilliard – Mill Run Square, located along Fishinger Boulevard, has spaces available from 1,541 sq.ft. to 3,750 sq.ft. Area retail includes Lowe’s Home Improvement, Target, Home Depot, Garden Ridge, Dave & Buster’s and CVS. Lancaster – River Valley Plaza, located along River Valley Circle South, has spaces available from 1,000 sq.ft. to 6,115 sq.ft. Target, T.J. Maxx and Hobby Lobby anchor the center. Springfield – Bechtle Crossing, located along Bechtle Avenue, has spaces available of 1,500 sq.ft.; 1,620 sq.ft. and 5,000 sq.ft. Kohl’s anchors the center and cotenants include Marshalls, Bed Bath & Beyond, Ashley Furniture and Olive Garden. For details, contact Donn Davids, U.S. Properties Group, 3665 Fishinger Boulevard, Hilliard, OH 43026; 866-704-3000; Email: ddavids@uspginc.com; Web site: www.uspginc.com. Fairview Park – Fairview Centre, located along Lorain Road/State Route 10, has spaces available from 1,190 sq.ft. to 8,900 sq.ft. Giant Eagle anchors the center and cotenants include Tan RX, Personally Fit, Options Salon & Spa, A to Z Audio, China House, Bob’s Barber Shop, Exotic Nail, Fairview Lanes, Best Cut, Fairview Tavern, Jersey Mike’s and Key Bank. For details, contact Sam Cooper, Lamar Cos.; 412-613-3353; Email: scooper@lamarco.com; Web site: www.lamarcompanies.com.

Oregon

Pennsylvania Hanover – Gateway Hanover Shopping Center, a 700,000 sq.ft. strip center situated on 58.43 acres, has spaces available of 9,000 sq.ft.; 20,000 sq.ft. and 50,000 sq.ft. Target, PetSmart and Ross Dress for

(continued on page forty-four)

Got space? Find your missing tenant.

Over 6,000 retail chains are listed in the national edition

Clackamas – Clackamas Promenade, a 236,672 sq.ft. center located at the intersection of Sunnyside Road and Interstate 205, has a 2,083 sq.ft. space available. Target shadowanchors the center and cotenants include Nordstrom Rack, The Sports Authority, Old Navy, Cost Plus World Market, Pearle Vision, GameStop, Petco, Great Clips, Olive Garden, Stanford’s and Tan Rio. Area demographics include a population of 260,721 within five miles earning $68,813 as the average household income. The average daily traffic count is 38,200 vehicles. www.dealmakers.net

Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you: • Who’s in charge of the tenant’s real estate for your market, and how to reach them • Where the chain is seeking new store locations, and its existing markets • What the retailer’s space, property type, demographic, co-tenancy and lease requirements are

www.tenantsearch.com | 1.800.732.5856 The

Dealmakers

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854-5357, Fax 717-854-5367; Email: rmeyers@rockrealestate.com; Web site: www.rockrealestate.net. For details regarding the York property, contact Benjamin M. Chiaro; Email: bchiaro@rockrealestate.net. Lancaster – Hawthorne Centre, a 237,469 sq.ft. community shopping center located at the intersection of Fruitville Pike and U.S. Route 30, has spaces available of 1,400 sq.ft. and 4,000 sq.ft. Walmart and Giant anchor the center. Cotenants

Pennsylvania

include Ruby Tuesday, Bank of America, Chuck E. Cheese’s, EB Games, LA Weight Loss, H&R Block, Hot Z Pizza, Payless ShoeSource, Five Below, Holiday Hair and Sleepy’s. Area demographics include a population of 159,300 within five miles earning $71,973 as the average household income. The average daily traffic count is 100,000 vehicles. For details, contact David Nicholson or Wilay Boensch, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601;

717-569-9373, Fax 717-560-9909; Emails: dnicholson@lms-pma.com and wboensch@lms-pma.com; Web site: www.lms-pma.com.

Reach oveR 55,000 Retail Real estate decision makeRs with just one click.

Real estate auctions narrow windows for marketing opportunities make e-Blasts essential.

developeRs & BRokeRs Retail real estate for lease and for sale moves fast with quality e-Blast leads.

RetaileRs expedite the site selection process and gain more opportunities.

Newtown Square – A 146,959 sq.ft. center located along West Chester Pike has spaces available from 720 sq.ft. to 4,400 sq.ft. Acme anchors the center and cotenants include Alliance Bank, U.S. Postal Service, Wagner Dry Cleaners, Carmine’s Pizza, Rite Aid, True Value, Normans Hallmark, China Wok, dressbarn, Hair Cuttery, Michelle Nail Salon, The Running Place, Ale House, Z Wireless Group, Hollywood Tans, Manhattan Bagel, Sprint, McDonald’s, Citizens Bank and From the Top Dance Studio. Trade-area demographics include a population within three miles earning $133,000 as the average household income. The average daily traffic count is 39,271 vehicles. For details, contact David Sherin, Regency Centers, One Independent Drive, Suite 114, Jacksonville, FL 32202; 610-747-1212; Email: dsherin@regencycenters.com; Web site: www.regencycenters.com. Philadelphia – Chestnut Hill Shoppes, a 22,304 sq.ft. strip center located at the intersection of Germantown Avenue and Gravers Lane, has spaces available of 3,092 sq.ft. and 4,000 sq.ft. Jos. A. Bank and Iron Hill Restaurant anchor the center. Area demographics include a population of 396,137 within five miles earning $77,569 as the average household income. For details, contact Robert J. Swierbut, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 914-288-8122; Email: rswierbut@acadiarealty.com; Web site: www.acadiarealty.com.

Tennessee seRvice pRovideRs decision makers look for key vendors and resources to enhance operations and cash flow.

disposition companies move sites quickly with e-Blasts.

For more information, call 1-800-732-5856 or visit www.eblast.net page 44

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Memphis – Raleigh Springs Market Place, located along Austin Peay Highway, has a 25,000 sq.ft. former A.J. Wright space available for sublease. Cotenants include H&R Block, Subway and Save-A-Lot. Also, South Plaza Shopping Center, located along Elvis Presley Boulevard, has a 24,933 sq.ft. former A.J. Wright space available for sublease. Cotenants include Nike, Piggly Wiggly and Payless ShoeSource. For details, contact GA Keen Realty Advisors, 21860 Burbank Boulevard, Suite 300 South, Woodland Hills, CA 91367; 646-381-9222; Web site: www.greatamerican.com/keen. Or

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Shawn Massey or Robert Sloan, The Shopping Center Group; 901-869-2720; Web site: www.theshoppingcentergroup.com.

income. The asking rent is $24 psf with NNN fees of $5.40 psf. For details, contact Cynthia Ellison, Grubb & Ellis Co., 40 Northeast Loop 410; Suite 607, San Antonio, TX 78216; 210-804-4847, Fax 210-828-7860; Email: cynthia.ellison@grubb-ellis.com; Web site: www.grubb-ellis.com.

Pier 1 Imports, Jack in the Box, Olive Garden and Azteca. Area demographics include a population of 92,546 within three miles earning $57,705 as the average household income. The average daily traffic count is more than 38,000 vehicles. The asking rent is $27 psf NNN. For details regarding the Bonney Lake property, contact Tyler Jones, Jill Oliveri or Ron Waldbaum, Leibsohn & Co.; 425455-1777; Emails: tjones@leibsohn.com; joliveri@leibsohn.com and rwaldbaum@leisohn.com. For details regarding the Everett property, contact Tyler Jones, Jill Oliveri or Royce Cottle; Email: rcottle@leibsohn.com.

Texas San Antonio – Amal Plaza, located along Interstate 10 West, has spaces available from 600 sq.ft. to 4,500 sq.ft. Area retail includes H-E-B. Area demographics include a population of 20,957 within five miles earning $116,380 as the average household

President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Customer Service....................... Bridget Thoresen custserv@dealmakers.net Founder..................................................... Ted Kraus 1979–2007

The Dealmakers (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 $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. TM

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 Dealmakers TM 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 086900630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2011 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.

Virginia Berryville – A 3,500 sq.ft. two-story building situated on 0.37 acres along East Main Street is available. Area demographics include a population of 13,737 within a 15-minute drive-time earning $70,724 as the average household income. For details, contact Mark Fontaine, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 703-4316938; Email: mfontaine@renaudconsulting.net; Web site: www.renaudconsulting.net. Richmond – Shoppes at T.J. Maxx, located along West Broad Street, has spaces available of 1,802 sq.ft. and 1,809 sq.ft. along with a 14,000 sq.ft. junior-anchor space. T.J. Maxx anchors the center and cotenants include Once Upon a Child, David’s Bridal and Plato’s Closet. Area demographics include a population of 187,861 within five miles earning $78,000 as the average household income. The average daily traffic count is 48,000 vehicles. For details, contact George Fox, Wheeler Real Estate Co., 2529 Virginia Beach Boulevard, Suite 200, Virginia Beach, VA 23452; 757-627-9088; Email: george@wheelerrec.com; Web site: www.wheelerint.com.

Washington Bonney Lake – Bonney Lake Shopping Center, located along State Route 410 East, has spaces available of 1,300 sq.ft.; 2,100 sq.ft. and 2,588 sq.ft. along with a divisible 5,000 sq.ft. endcap space. Albertsons anchors the center and cotenants include Pizza Hut, Quiznos, Emerald City Smoothie, Hair Masters, Desert Sun, Columbia Bank, Sav-on Drugs and Chipper’s Jewelry. Area retail includes Lowe’s Home Improvement and Sonic DriveIn. Area demographics include a population of 73,346 within five miles earning $72,762 as the average household income. Everett – Everett Mall Plaza, located at the intersection of West Mall Drive and Southeast Everett Mall Way, has an 1,825 sq.ft. space available. Cotenants include Michaels, Toys “R” Us, Kyoto, LV Nails, Petco, Big 5 Sporting Goods, Red Robin, Verizon Wireless, Desert Sun, www.dealmakers.net

The

Dealmakers

West Virginia Teays Valley – Liberty Square, a 280,000 sq.ft. strip center located at the intersection of Interstate 64 and Route 34, has spaces available of 10,000 sq.ft. and 57,000 sq.ft. Elder Beerman and Magic Mart anchor the center. Cotenants include RadioShack, GNC, Factory Connection, Hallmark, Fiesta Salon and Cato. Area retail includes Factory Connection, Advance Auto, Bob Evans, Applebee’s, Mattress Warehouse, Kmart, Kroger, Big Lots, McDonald’s, Home Depot and Big Sandy Furniture. Area demographics include a population of 96,106 within 10 miles earning $63,677 as the average household income. The average daily traffic count is 48,000 vehicles. For details, contact T.J. Summers, Four-S Development, PO Box 2388, Charleston, WV 25328; 304-345-8700, Fax 304-3458704; Email: tsummers@summcos.com; Web site: www.summcos.com.

Wisconsin Seymour – Woodland Plaza, a 54,280 sq.ft. strip center situated on 5.4 acres at the intersection of Highway 54 and Orchard Drive, has spaces available of 13,000 sq.ft. and 29,000 sq.ft. U.S. Postal Service anchors the center and cotenants include Family Dollar and Anytime Fitness. Area retail includes Shopko. Area demographics include a population of 18,000 within five miles earning $58,891 as the median household income. The average daily traffic count is 21,300 vehicles. The asking rent is $6 psf with CAM of $1.35 psf and taxes of $0.69 psf. For details, contact Tim Smith, AMS Commercial, PO Box 1563, Columbus, IN 47202; 877-333-1928, Fax 317-536-3370; Email: tim@ams8330.com. DM November 25, 2011

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Most Valuable Players American Commercial Realty.................................................. Pg. 33

Pyramid Brokerage Co. ........................................................... Pg. 18

ARC Property Trust.................................................................... Pg. 5

RD Management, LLC.......................................................Pgs. 21-24

Breslin Realty................................................................................BC

Rivercrest Realty Investors....................................................... Pg. 13

Cedar Realty Trust........................................................................IBC

Royal Properties, Inc. . ............................................................ Pg. 39

City of Bowie, Maryland.......................................................... Pg. 25

Schuckman Realty, Inc.........................................................Pgs. 8, 9

Cohen Real Estate.................................................................... Pg. 33

Stewart Commercial Realty Services, LLC................................ Pg. 11

Cullinan Properties, Ltd........................................................... Pg. 26

Tenants By Mail....................................................................... Pg. 28

Dealmakers, The..............................................................Pgs. 42, 44

TenantSearch........................................................................... Pg. 43

DJM Realty................................................................................ Pg. 7

Urstadt Biddle Properties, Inc.................................................. Pg. 14

Florham Realty Management, LLC........................................... Pg. 37

Welco Realty, Inc.............................................................Pgs. 16, 17

Paramount Realty Services, Inc......................................... Pgs. 34, 35

Winick Realty Group, LLC.................................................Pgs. IFC, 3

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November 25, 2011

The

Dealmakers

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truSt is something

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We’ve changed our name from cedar Shopping centers to one that reflects what we’re all about – a fully-integrated real estate investment trust single-mindedly focused on creating long-term value for our shareholders and long-term relationships with our tenants. our high-quality core portfolio of primarily supermarket-anchored shopping centers straddling the Washington, dc to Boston corridor totals 9.5 million square feet of gLa. In addition, we have an ownership interest through a joint venture in similarly-situated supermarket-anchored shopping centers, having approximately 3.7 million square feet of gLa that we manage.

Leasing

nancy mozzachio, vP of Leasing nmozzachio@cdrrt.com • 856-218-8677

acquisitions

michael Winters, vP of acquisitions mwinters@cdrrt.com • 516-944-4523

CDR

www.cedarrealtytrust.com

10,008,000 Retail Square Feet And Still Developing & Leasing.*

Visit us at 104 Rhinelander Gallery at the 2011 ICSC NY National Conference. Robert Delavale | Director of Leasing | 516-741-7400 x230 | rdelavale@breslinrealty.com 500 Old Country Road, Suite 200 | Garden City, NY 11530 Fax 516-741-5621 | www.breslinrealty.com

PROPERTY Artist Lake Plaza Baldwin Plaza Barnes & Noble Bay Harbour Mall Baybridge Commons* Best Buy - Stop & Shop Boulevard Plaza Bridgehampton Commons* Busy Bee Mall Carmans Plaza Clearmeadow Plaza Coram Plaza Currans Plaza CVS Plaza East End Commons Franklin Plaza Hooters Restaurant Hooters Restaurant Huntinton Square Mall Jay Scutti Plaza Jefferson Plaza* Kmart Plaza Kmart & BJ’s LaPlace Square Levittown Mews Liberty Crossing Long Beach Plaza Lowe’s* Marketplace Mall* Melville Plaza* Meridian Plaza Nassau Plaza One & Olney Square Orange Meadows* Pathmark Plaza (At Big H) Republic Plaza Rickel Plaza Ruby Tuesday Sears Service Merchandise Service Merchandise Service Merchandise Shoppes at Sun Lakes* Smith Haven Plaza Stewart Plaza Stop & Shop Stop & Shop Sunvet Mall* The HUB The Sands* Tiana Plaza Tower Square* TSS Plaza Verelye Square Village Square Walmart Walmart Walmart Walmart Washington Square Mall Westhampton Center Whitman Plaza Willow Wood Shoppes Woodbury Plaza

SQ. FT. LOCATION 379,000 85,000 20,000 320,000 50,000 85,000 225,000 250,000 156,000 180,000 279,000 225,000 180,000 15,000 250,000 75,000 12,000 16,000 200,000 279,000 350,000 145,000 225,000 150,000 93,000 550,000 75,000 135,000 150,000 220,000 275,000 60,000 104,000 150,000 120,000 190,000 75,000 7,000 150,000 150,000 50,000 50,000 75,000 120,000 15,000 70,000 67,000 210,000 290,000 250,000 85,000 40,000 550,000 15,000 20,000 100,000 117,000 151,000 110,000 425,000 25,000 279,000 56,000 120,000

Middle Island NY Baldwin NY Manhasset NY Lawrence NY Baybridge NY E. Northport NY Philadelphia PA Bridgehampton NY Massapequa NY Massapequa NY E. Meadow, NY Coram, NY Middle Island NY Port Jefferson NY Riverhead NY Franklin Plaza NY E. Meadow NY Hauppauge NY E. Northport NY Henrietta, NY Pt. Jefferson NY Babylon NY Riverhead NY LaPlace LA Levittown NY Stonington CT Long Beach MS Medford NY Henrietta NY Melville NY Meridian MS W. Hempstead NY Philadelphia PA Orange CT Huntington NY FaIrmingdale NY Commack NY Selden NY Massapequa NY E. Meadow NY Lake Grove NY Massapequa NY Holbrook NY Lake Grove NY Garden City NY Dix Hills NY E. Meadow NY Holbrook NY Hempstead NY Oceanside NY Hampton Bays NY Woodside NY Sayville NY Commack NY Patchogue NY Centereach NY East Meadow NY Farmingdale NY Smithtown NY Washington PA W. Hempstead NY Philadelphia PA Wantagh NY Plainview NY