Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXIV No. XLV
November 27, 2009
Home-Related Chains Expand Nationwide Basics Plus operates eight locations throughout NY. The stores, offering hardware and housewares, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout Manhattan, NY and the surrounding boroughs during the coming 18 months, with representation by Winick Realty Group. Typical leases run 10 to 15 years. For more information, contact Joseph Isa, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2647, Fax 212-792-2660; Email: joseph@winick.com; Web site: www.winick.com. La-Z-Boy, Inc. trades as La-Z-Boy at 300 locations nationwide and throughout Canada. The home furnishings stores occupy spaces of 12,500 sq.ft. to 18,000 sq.ft. in freestanding locations and endcaps of lifestyle and power centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 to 15 years. Specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Home Depot, Lowe’s Home Improvement, Target and Best Buy. Preferred demographics include a population of 200,000 within 15 miles earning $65,000 as the average household income. For more information, contact David Baratta, LaZ-Boy, Inc., 1284 North Telegraph Road, Monroe, MI 48162; 734-242-1444 Ext. 4856, Fax 734457-2448; Email: david.baratta@la-z-boy.com; Web site: www.la-z-boy.com.
Select Comfort Retail Corp. trades as Sleep Number by Select Comfort at 408 locations nationwide. The stores, offering air-controlled, adjustable-firmness mattresses, occupy spaces of 1,600 sq.ft. to 2,500 sq.ft. in freestanding locations, malls and lifestyle and specialty centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. Preferred cotenants include Williams-Sonoma, Pottery Barn, Eddie Bauer, Coach, Brookstone, Banana Republic, J. Crew, The Limited Too, The Cheesecake Factory and P.F. Chang’s. Preferred demographics include a population of 150,000 within five miles earning $60,000 as the average household income. For more information, contact John Key, Select Comfort Retail Corp., 9800 59th Avenue North, Minneapolis, MN 55442; 763-551-6926, Fax 763-694-3386; Email: john.key@selectcomfort.com. Full-O-Pep Appliances, Inc. trades as American Rental at 50 locations throughout GA, IN, KY, TN and VA. The stores, offering rental furniture, appliances, electronics and lawn and garden supplies, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact David P. David, Full-O-Pep Appliances, Inc., 1436 South Liberty Drive, Bloomington, IN 47403; 812-333-7496, Fax 812-331-5527. (continued on page thirty)
This issue contains information on:
* Retailers operating 14,191 locations with plans to open 934 sites * Real estate valued in excess of $114.26 million to be bought, sold & financed * Leasing activity on over 8.074 million sq.ft. of retail properties
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Featuring Pre-Show ICSC New York National Conference New Construction Welco is developing a project in Hawthorne, NJ.................. Pg. 4 Observations & Conversations Pg. 6 Profile|Royal Properties, Inc. Pg. 8 Buyers & Sellers CMS Real Estate is selling a TD Bank site in Long Island, NY Pg. 10 Openings Vitamin Shoppe plans to open stores nationwide.................. Pg. 14 Food Retailers Expand Financier Patisserie looks for sites throughout Manhattan, NY........................................ Pg. 16 Lease Signings Regency Centers signed a lease at Gateway Shopping Center in Wayne, PA............. Pg. 26 Sources of Financing Robert Jacobs Associates provides financing nationwide Pg. 28 Lead Sheet A.C. Moore looks for sites throughout the East Coast and Mid-Atlantic.......................... Pg. 31 Exclusives Winick Realty Group represents two tenants with their expansion plans............. Pg. 36 Space Place........................... Pg. 38 NY Natl. Conf. Floor Plan..... Pg. 50 Most Valuable Players........... Pg. 54
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