Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XLVI
November 29, 2013
FEATURING apparel Chains Expand Nationwide Cecil B Corp. trades as Cecil B, Bachelors and City Man at seven locations throughout MI. The stores, offering menswear apparel items, occupy spaces of 2,000 sq.ft. to 3,500 sq.ft. in malls and strip centers. Growth opportunities are sought throughout FL and MI during the coming 18 months. For more information, contact Pravin Bhagwan, Cecil B Corp., K-309 Fairlane Town Center, 18900 Michigan Avenue, Dearborn, MI 48126; 313-336-7294. Hut No. 8 operates 25 locations throughout AR, FL, GA, MO, NE and TX. The stores, offering the sale and consignment of new and used designer apparel and accessories for young adults, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in entertainment, specialty and neighborhood community centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by APE Realty, Inc. Typical leases run five years with options. A vanilla shell and tenant improvement allowance are required. Preferred cotenants include national retailers and restaurants. Preferred demographics include a population of 40,000 within three miles earning $40,000 to $60,000 as the average household income. Major competitors include Plato’s Closet. The company is franchising and prefers sites submittals sent via email. For more information, contact Mark Camara, APE Realty, Inc., 4491 West Whitewater Avenue, Weston, FL 33332; Email: mcamara@aperealty.com; Web sites: www.aperealty.com and www.hutno8.com.
Le Roy’s Shoes and Clothing, Inc. trades as Le Roy’s Board Shops at nine locations throughout CA. The stores, offering snowboarding apparel and related items, occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in freestanding locations, downtown areas and strip centers. Growth opportunities are sought throughout southern CA during the coming 18 months. The company prefers to acquire sites. For more information, contact David Le Roy, Le Roy’s Shoes and Clothing, Inc., PO Box 2834, Big Bear Lake, CA 92315; 909-866-7573, Fax 909-866-1084; Email: bigwavedave49@yahoo.com; Web site: www.leroyboardshops.com. Vanity Shop of Grand Forks trades as Vanity at 175 locations nationwide throughout 28 states. The stores, offering women’s and juniors apparel items, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in enclosed malls. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Major competitors include Aeropostale, Charlotte Russe and Wet Seal. For more information, contact Dane Tollefson, Vanity Shop of Grand Forks, 1001 25th Street North, Fargo, ND 58102-3116; 701-237-3330, Fax 701-235-6789; Email: info@evanity.com; Web site: www.evanity.com. (continued on page eighteen)
This issue contains information on: • Retailers operating 34,878 locations with plans to open 2,374 sites • Real estate valued in excess of $75 million to be bought, sold & financed • Leasing activity on over 5.4 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
pre-show icsc new york national conference New Construction Sandor preleases shopping center in Oklahoma.............................. Pg. 4 Observations and Conversations Pg. 6 Buyers and Sellers WP Realty looks for acquisitions on the east coast......................... Pg. 10 Who’s Opening and Where Whole Foods to grow with an additional 38 locations............... Pg. 12 Food Chains Expand Babalu Tacos & Tapas to grow in the southeast.............................. Pg. 14 Lease Signings Soloff Realty inks anchor deal with Bottom Dollar Food............ Pg. 15 Exclusives Renaud Consulting reps Bald Guy Brewery.............................. Pg. 16 Sources of Financing Cronheim Mortgage placed $24 million loan................................ Pg. 17 Making the News Greysteel Capital Markets taps principal..................................... Pg. 17 Lead Sheet Tide Dry Cleaners to enter new market........................................ Pg. 19 Sur La Table to open 16 stores.... Pg. 22 Space Place................................ Pg. 27 ICSC New York Floor Plan......... Pg. 34 Most Valuable Players................ Pg. 38