Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XLVI
December 2, 2011
Apparel Chains Expand Nationwide Bon Worth operates 250 locations nationwide. The stores, offering apparel in misses, petites’ and women’s sizes, occupy spaces of 1,300 sq.ft. to 1,800 sq.ft. in grocery-anchored strip centers and 1,300 sq.ft. to 3,000 sq.ft. in enclosed malls. Growth opportunities are sought throughout the eastern, midwestern and southern regions of the U.S., excluding the Northeast and FL, during the coming 18 months, with representation by The Was Group, LLC. Preferred demographics include a trade-area population of more than 100,000. The company prefers to locate in areas with a high concentration of women over age 50. For more information, contact Darren Was, The Was Group, LLC, 33 Sicomac Road, Suite 305, North Haledon, NJ 07058; 862-203-4352 Ext. 11, Email: darren@was-group.com; Web site: www.was-group.com. Talk of The Walk, Inc. trades as Talk of The Walk at five locations in NJ. The stores, offering better lines of women’s apparel, occupy spaces of up to 2,500 sq.ft. in tourist centers, casinos and resort areas. Growth opportunities are sought nationwide during the coming 18 months. Preferred cotenants include high-end retailers. The company will only consider locations within upscale tourist and resort areas. For more information, contact Geoffrey Lovitz or Mark Lovitz, Talk of The Walk, Inc., 410 South Main Street, Pleasantville, NJ 08232; 609-641-4400, Fax 609-641-5530; Email: geoffrey@talkofthewalk.com.
United Fashions of Texas trades as Melrose Family Fashions at 100 locations throughout AZ, CA, NM and TX. The stores, offering apparel in juniors’, misses and plus-sizes, as well as children’s and men’s apparel and footwear and accessories, occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. in strip centers. Growth opportunities are sought throughout AZ, southern CA, NM and TX during the coming 18 months. Preferred cotenants include apparel, discount and grocery stores. The company prefers to locate in centers featuring a GLA above 50,000 sq.ft. For more information, contact Koyt Everhart, United Fashions of Texas, 4629 Macro Drive, San Antonio, TX 78218; 210-662-7140 Ext. 1803; Fax 210-666-3211; Email: koyt@ufot.com; Web site: www.melrosestore.com. Active Ride Shop operates 21 locations throughout southern CA. The stores, offering active apparel, footwear and accessories, occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in malls and lifestyle and regional power centers. Growth opportunities are sought throughout CA during the coming 18 months, with representation by Strategic Retail Advisors. For more information, contact Jeff Reenders, Strategic Retail Advisors, 3990 Westerly Place, Suite 230, Newport Beach, CA 92660; 949640-6678 Ext. 15, Fax 949-748-8088; Email: jeff@strategicretailadvisor.com; Web site: www.strategicretailadvisor.com. (continued on page eight)
This issue contains information on:
* Retailers operating 92,688 locations with plans to open 6,833 sites * Real estate valued in excess of $139.9 million to be bought, sold & financed * Leasing activity on over 5.2 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring National Focus New Construction Stoltz is preleasing an 864,000 sq.ft. mixed-use project in Overland Park, KS................. Pg. 3 Buyers and Sellers Fameco Real Estate is selling a 171,449 sq.ft. center in Delran, NJ............................. Pg. 4 Food Retailers Expand All-American Specialty Restaurants, Inc. seeking sites nationwide............................ Pg. 5 Openings Costco Wholesale Corp. to open 20 new locations during its fiscal year.......................... Pg. 6 In the News SRS Real Estate Partners hired Brandon L. Singer as first vice president............................... Pg. 8 Exclusives Investment Management Associates, Inc. represents Smoothie King throughout select FL markets................... Pg. 9 Lease Signings Rose Associates negotiated a lease with Ace Hardware for a two-level space in Manhattan, NY........................................ Pg. 10 Lead Sheet Books-A-Million seeking sites throughout the eastern U.S..... Pg. 11 Batteries Plus looks to expand nationwide............................ Pg. 14 Sources of Financing Mortgage Cap Financial provides financing for properties nationwide............ Pg. 16 Space Place........................... Pg. 16
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New Construction Mid-America Real Estate – Wisconsin, LLC is preleasing Underwood Crossing, a 175,000 sq.ft. center located in Brookfield, WI. Shop spaces are available along with outlots. Target anchors the center. Area demographics include a population of 233,367 within five miles earning $61,253 as the median household income. The project is slated to open during the summer. For more information, contact Mike Fitzgerald, Mid-America Real Estate – Wisconsin, LLC, 648 North Plankinton, Milwaukee, WI 53203; 414-273-4600; Email: mfitzgerald@midamericagrp.com; Web site: www.midamericagrp.com.
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
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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.
World Group Commercial Real Estate is preleasing Pennant Place, a mixeduse project situated on 310 acres at the intersection of 120th Street and Highway 370 in Papillion, NE. The project will feature retail, multifamily, hospitality and office components. Area demographics include a population of 741,178 within 15 miles earning $65,669 as the median household income. The average daily traffic count is 19,600 vehicles. For more information, contact Trenton B. Magid, World Group Commercial Real Estate; 402-510-5263; Email: tmagid@worldgroupllc.com; Web site: www.worldgroupllc.com. Or Bruce A. Fountain, Greater Omaha Economic Development Partnership, 1301 Harney Street, Omaha, NE 68102; 402-9787947, Fax 402-346-7050; Email: bfountain@selectgreateromaha.com. Duhs Commercial is preleasing the first phase of The Shops at Scott Road, an 88,162 sq.ft. regional center located at the intersection of Scott Road and Interstate 215 in Menifee, CA. Anchor and shop spaces are available along with pad sites. Area retail includes Walmart Supercenter, Home Depot, Albertsons and Walgreens. Area demographics include a population of 156,847 within five miles earning $64,492 as the average household income. The average daily traffic count is 102,200 vehicles. For more information, contact Scott Duhs or Brian G. Pyke, Duhs Commercial, 3026 University Avenue, Suite B, San Diego, CA 92104; 619-491-0614/0335, Fax 619-4910696; Emails: scott@duhscommercial.com and brian@duhscommercial.com; Web sites: www.duhscommercial.com and www.shopsatscott.com. Stoltz is preleasing Corporate Woods – West & East, an 864,000 sq.ft. mixeduse center located at the confluence of Interstate 435, U.S. Highway 69, College Boulevard and Antioch Road in Overland Park, KS. The project features a 109,400 sq.ft. retail component, a 1.15-million sq.ft. office component and a 150-unit hospitality component. Area demographics include a population of 239,717 within five miles earning $87,595 as the average household income. The average daily traffic count is 287,200 vehicles. For more information, contact Joseph S. Soussana, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 610667-5800 Ext. 202, Fax 610-617-6256; Email: jsoussana@stoltzusa.com; Web site: www.stoltzusa.com. www.dealmakers.net
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Fameco Real Estate is preleasing The Granary, a mixed-use development located along Callowhill Street in Philadelphia, PA. The project includes a divisible 18,000 sq.ft. ground-floor retail component and a 215-unit multifamily component. Area retail includes Whole Foods Market, Sabrina’s, Kite and Key and The Rose Tattoo Café. Construction on the project is slated to begin next fall with an opening projected for the first quarter of 2013. For more information, contact Paige Barrow, Fameco Real Estate, 1425 Walnut Street, Suite 200, Philadelphia, PA 19102; 215-557-0050, Fax 215-557-0053; Email: pbarrow@famecoretail.com; Web site: www.famecoretail.com. Rosamund Property Consultants is redeveloping Wilder’s Grove Plaza, a 206,000 sq.ft. strip center located along U.S. Highway 64/New Bern Avenue in Raleigh, NC. Shop spaces from 1,200 sq.ft. and anchor spaces from 24,000 sq.ft. to 100,000 sq.ft. are available. Kroger, Dollar Tree, Cato and Jersey Mike’s anchor the center. Area retail includes Walmart Supercenter, CVS, Office Depot and Walgreens. For more information, contact Bruce G. Lynch, Rosamund Property Consultants, PO Box 1989, 2 North Main Street, Wendell, NC 27591; 919-365-4977, Fax 919-573-9635. Or David R. Bordsen, Street Real Estate Co., LLC, 66 Golden Heather, Chapel Hill, NC 27517; 919-533-6548. Cornish & Carey Commercial Newmark Knight Frank is preleasing the first phase of Rockridge, located at the intersection of 51st Street and Broadway in Oakland, CA. Safeway will anchor the project. Area retail includes Jamba Juice. Area demographics include a population of 1.04 million within 10 miles earning $84,368 as the average household income. For more information, contact Gwen White, Cornish & Carey Commercial Newmark Knight Frank, 1333 North California Boulevard, Suite 343, Walnut Creek, CA 94596; 925-974-0244, Fax 925974-0123; Email: gwhite@ccareynkf.com; Web site: www.ccareynkf.com. Aronov is developing Alabaster Exchange, a 300,000 sq.ft. center situated on 35 acres in Alabaster, AL. Area retail includes Colonial Promenade, featuring Target, Best Buy and JCPenney. The project is slated to open during 2014. For more information, contact Aronov, 3500 Eastern Boulevard, Montgomery, AL 36116; 334-277-1000; Web site: www.aronov.com. DM December 2, 2011
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Buyers and Sellers Fameco Real Estate is selling a 171,449 sq.ft. center located at the intersection of Route 130 and Chester Avenue in Delran, NJ. Area retail includes McDonald’s, Taco Bell, ShopRite, Mandee, Blockbuster Video, AT&T Mobility, Walgreens and Millside Plaza, featuring PetSmart, Target, Rite Aid, Sleepy’s, Chili’s and Panera Bread. Area demographics include a population of 244,996 within five miles earning $65,452 as the median household income. The company is also selling a 112,344 sq.ft. center located at the intersection of Route 206 and Martin Avenue in Bordentown, NJ. Area retail includes
ShopRite, Empire Beauty School, Goodwill Industries, Jaron’s Furniture Outlet, Palermo’s Restaurant and Shoppes at the Glenn, featuring Curves, Sure Cuts and Rita’s. Area demographics include a population of 161,686 within five miles earning $59,150 as the median household income. For more information, contact John Krause or Jeffrey Cohen, Fameco Real Estate, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 610834-1793; Emails: jkrause@famecoretail.com and jcohen@famecoretail.com; Web site: www.famecoretail.com.
Marcus & Millichap Real Estate Investment Services is selling an 11,200 sq.ft. CVS situated on 1.43 acres along 20th Street in Vero Beach, FL. The tenant is bound to a NNN lease with seven years remaining on the initial term featuring four, five-year options and rent escalations every five years. Area retail includes Home Depot, Target, Marshalls, Lowe’s Home Improvement, Bed Bath & Beyond, Best Buy, Michaels and Indian River Mall, featuring Macy’s, Dillard’s, Sears and JCPenney. The average daily traffic count is 56,500 vehicles. The NOI is $277,742. The asking price is $3.473 million with a Cap rate of 8%. The company is also selling a 39,820 sq.ft. center located along Nottingham Way in Hamilton, NJ. Tenants include Dunkin’ Donuts and Walgreens, which is bound to a NNN ground lease featuring 10% rent escalations every 10 years. Area demographics include a population of 126,000 within three miles. The asking price is $6.375 million. The company is also selling Widewaters Commons, a 173,576 sq.ft. center situated on 11.21 acres along Matthew Drive in Uniontown, PA. The property is 96.57% occupied with tenants including PetSmart, Dollar Tree, dots and Shoe Carnival. Target shadow-anchors the site. The NOI is $600,346. The asking price is $7.276 million with a Cap rate of 8.25%. For more information regarding the Vero Beach property, contact Marcus & Millichap Real Estate Investment Services, 5900 North Andrews Avenue, Suite 100, Ft. Lauderdale, FL 33309; 954-245-3400, Fax 954-245-3410; Web site: www.marcusmillichap.com. For more information regarding the Hamilton or Uniontown properties, contact 101 West Elm Street, Suite 600, Conshohocken, PA 19428; 215-531-7000, Fax 215-531-7010. Legend Properties, Inc. is selling a 30,000 sq.ft. space and two pad sites at Harbor Bay Shopping Center, located along Avalon Boulevard in Middle Township, NJ. Area retail includes Acme, T.J. Maxx, H&R Block, SuperFresh, Wawa, Pier 1 Imports, CVS, Staples, Marshalls, Payless ShoeSource, RadioShack, GNC and Home Depot. Tradearea demographics include a population of 22,966 earning $82,819 as the average household income. For more information, contact Maria Rita Aristone, Dean Pappas or Ted Leonard, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 856-231-1010 or 610-941-4034, Fax 610941-4038; Emails: maristone@lpre.com; dpappas@lpre.com and tleonard@lpre.com; Web site: www.lpre.com. (continued on page nine)
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December 2, 2011
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Food Retailers Expand Nationwide The Coffee Bean & Tea Leaf operates more than 750 locations nationwide and internationally. The coffee shops occupy spaces of 1,100 sq.ft. to 1,600 sq.ft. in urban/ downtown areas and endcaps of lifestyle, power and regional centers. Plans call for 10 openings throughout Los Angeles and Ventura counties in CA during the coming 18 months, with representation by Retail Net Lease Properties, Inc. Typical leases run five to 10 years. Major competitors include Starbucks and Peet’s Coffee & Tea. The company prefers sites with a drive-thru. El Pollo Loco operates 400 locations throughout AZ, CA, CT, IL, NV, OR, TX and UT. The Mexican chicken restaurants occupy spaces of 1,800 sq.ft. to 2,500 sq.ft. in freestanding locations. Plans call for five to 10 locations throughout Los Angeles County, CA during the coming 24 months, with representation by Retail Net Lease Properties, Inc. The company requires sites with a drive-thru, and will consider conversions of existing restaurant locations. T.G.I. Friday’s operates more than 1,000 locations nationwide and internationally. The casual dining restaurants occupy spaces of 6,500 sq.ft. to 7,700 sq.ft. in freestanding locations, regional malls and power centers. Plans call for five openings throughout southern CA during the coming 24 months, with representation by Retail Net Lease Properties, Inc. Typical leases run 20 years. Major competitors include Applebee’s and Chili’s. For more information, contact Charlie Cangelosi, Retail Net Lease Properties, Inc., 360 North Sepulveda Boulevard, Suite 1020, El Segundo, CA 90245; 310-2527656 Ext. 156, Fax 310-414-0040; Email: charlie@rnlp.biz; Web sites: www.rnlp.biz and www.coffeebean.com. Bill Gray’s, Inc. trades as Bill Gray’s Restaurants at 16 locations and as Tom Wahl’s at eight locations throughout NY. The quick-service restaurants, offering burgers, fries, seafood and ice cream, occupy spaces of 6,000 sq.ft. to 9,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout Rochester, NY during the coming 18 months. Typical leases run five to 10 years with options. Preferred demographics include a population of 65,000 within five miles earning $40,000 as the average household income. The company prefers to locate in second-generation spaces with a bar. For more information, contact John Gonzalez, Bill Gray’s, Inc., 964 Ridge Road, Webster, NY 14580; 585-787-0150 Ext. 107, Fax 585-787-0816; Web site: www.billgrays.com.
Yum! Brands trades as Taco Bell at 5,600 locations nationwide. The fast food Mexican restaurants occupy spaces of 2,850 sq.ft. in freestanding locations and of 1,500 sq.ft. in endcap spaces of shopping centers. Growth opportunities are sought throughout FL, excluding the Orlando metropolitan area, during the coming 18 months, with representation by Investment Management Associates, Inc. A drive-thru is required, and a land area of more than 35,000 sq.ft. is required for freestanding locations. The company also trades as Pizza Hut at more than 13,100 locations nationwide and internationally. The pizzerias occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in outlet, specialty, strip and value centers. Growth opportunities are sought throughout select markets of FL, GA, LA, MD, PA and SC during the coming 18 months, with representation by Investment Management Associates, Inc. For more information, contact Andrew Pearl, Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305-661-0110, Fax 305-661-7803; Email: apearl@ima-realestate.com; Web site: www.ima-realestate.com. Corner Bakery Café operates 122 locations throughout AZ, CA, CO, southern FL, GA, IL, northern LA, MD, MS, western NY, PA, TX, UT, VA and Washington, DC. The bakeries and cafes, offering breakfast items, salads, sandwiches, paninis, pastas, soups and desserts, occupy spaces of 3,300 sq.ft. to 4,400 sq.ft. in urban/downtown areas and endcaps of entertainment, power, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Expansion is for both corporate-owned and franchised locations. For more information, contact Lois Williams, Corner Bakery Café, 12700 Park Central Drive, Suite 1300, Dallas, TX 75251; 972-619-4074; Email: sites@cornerbakerycafe.com; Web site: www.cornerbakerycafe.com. Brick House Tavern & Tap operates 17 locations throughout FL, KY, IL, MO, NE, NJ, NY, OH, PA and TX. The restaurants and bars occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Baltimore, MD and Washington, DC during the coming 18 months, with representation by Sax Realty, Inc. The company will also consider sites in urban central business districts. For more information, contact Les Sax, Sax Realty, Inc., 4931 Cordell Avenue, Bethesda, MD 20814; 240-497-1192, Fax 240-4971070; Email: lsax@saxrealty.com; Web site: www.saxrealty.com. www.dealmakers.net
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Big Boy International, LLC trades as Bob’s Big Boy at 133 locations throughout CA, IL, MI, OH and ND. The mid-scale family restaurants occupy spaces of 3,500 sq.ft. to 5,500 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout AL, AZ, CA, FL, GA, LA, MD, MS, NC, NM, SC, TX, VA and WV during the coming 18 months. Preferred demographics include a population of 30,000 within five miles earning $35,000 as the average household income. The company prefers sites with an average daily traffic count above 30,000 vehicles, and prefers to locate in areas featuring a combination of retail, office and residential properties. For more information, contact Steve Facione, Big Boy International, LLC, 4199 Marcy Drive, Warren, MI 48091; 586-755-8113, Fax 586-757-4737; Email: sfacione@bigboy.com; Web site: www.bigboy.com. All-American Specialty Restaurants, Inc. trades as All-American Ice Cream & Frozen Yogurt Shops, All-American Deli & Ice Cream Shops, Sertinos Café Restaurants and Sertinos Coffee Shops at 26 locations throughout AZ, CA, IA, MN, NJ, NY, OR, TX and UT. The restaurants occupy spaces of 700 sq.ft. to 2,600 sq.ft. in freestanding locations, malls, urban/downtown areas and entertainment, mixed-use, specialty, strip and tourist centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with a five-year option. Preferred demographics include a population of 25,000 within two miles earning $50,000 as the average household income. Major competitors include Cold Stone Creamery, BaskinRobbins, Subway, Quiznos and Starbucks. The company is franchising. For more information, contact C.R. Duffie, Jr. and Barry McVay, All-American Specialty Restaurants, Inc., 1201 Southwest 12th Street, Suite 415, Portland, OR 97205; 503-224-6199, Fax 503-224-5042; Email: crduffie@allamericanicecream.com; Web site: www.allamericanrestaurants.com. DM
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Who’s Opening and Where City Furniture (954-597-2200) will open a 56,000 sq.ft. furniture store along South Dixie Highway in Cutler Bay, FL. The store will be located adjacent to an existing City Furniture, which the company will convert into an Ashley Furniture HomeStore. Both locations are slated to open by the end of next year. The company also plans to open a 25,000 sq.ft. Ashley Furniture store along Federal Highway near Northeast 38th Street in Ft. Lauderdale, FL. The company will raze an existing building at the site in order to accommodate the new location. The store is slated to open by the end of next year. The company will also open a 35,000 sq.ft. Ashley Furniture store along Palm Beach Lakes Boulevard in West Palm Beach, FL. The store will replace an existing, smaller store along Okeechobee Boulevard in the city. The company is also adding a 14,000 sq.ft. second-floor expansion to an existing 16,000 sq.ft. store in Pinecrest, FL, which is slated for completion early next year. The company currently operates nine Ashley Furniture stores south of Orlando, FL, and plans to operate 13 in the area within the coming two years. Guess, Inc. (800-224-8377) will open a Guess Factory Store at Destiny USA, an expansion of Carousel Center Mall, located in Syracuse, NY, during the spring. The store will join Saks Fifth Avenue OFF 5th, BCBG Max Azaria, Max Mara, Michael Kors, Hickey Freeman HMX, Hugo Boss, Lenox, Hartman, Toby Keith’s I Love This Bar & Grill, Cantina Laredo, The Melting Pot and Gordon Biersch in the expansion. The company operates more than 1,200 locations nationwide and internationally, trading as Guess and Guess Factory Store. Stein Mart, Inc. (904-346-1500) will open a Stein Mart store in a former Borders at The Plaza at Sunset Hills, a 440,000 sq.ft. center located in Sunset Hills, MO. The store will join Home Depot, Bed Bath & Beyond, Toys “R” Us, Marshalls and Old Navy at the center. The company also plans to open a store in a former Borders at Johns Creek Town Center in Atlanta, GA, and currently operates 261 discount department stores nationwide. Morris Furniture Co., Inc. (937-874-7100) will open a 100,000 sq.ft. Morris Home Center in a former Kmart in Florence, KY. The center will feature five separate showrooms offering furniture, mattresses, electronics and gifts. The location is slated to open next fall. The company currently operates 17 locations throughout OH, trading as Morris Home Furnishings, Ashley Furniture HomeStores, Thomasville and Midwest Clearance Outlet. page 6
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Wal-Mart Stores, Inc. (479-273-4000) plans to open between 210 and 235 stores next year, up from 142 to 150 locations opened this year. Projections include approximately 100 small- and medium-sized locations. An 80,000 sq.ft. store at Pike Center, located near the intersection of Twinbrook Parkway and Rockville Pike in Rockville, MD, is slated to begin construction during October of next year. The company also plans to open a Walmart Market at the intersection of South Glenstone Avenue and Bennett Street in Springfield, MO. Construction on the store began during October with an opening projected for early next year. The company also plans to open Walmart Market locations at the intersection of Republic Road and Golden Avenue and at the intersection of Campbell Avenue and El Camino Alto in the city. The company currently operates more than 9,000 locations nationwide and internationally throughout 15 countries, including nearly 3,000 Walmart Supercenter locations and 160 Walmart Market stores. Publix Super Markets, Inc. (863-6881188) plans to open a 46,013 sq.ft. Publix supermarket at the intersection of State Road 50 and Barna Road in Titusville, FL. The store will be the company’s 24th in the area. The company also plans to open a store in Viera, FL early next year, and currently operates more than 1,000 locations throughout five states nationwide. Graeter’s Manufacturing Co. (513-7213323), through a franchisee, plans to open a Graeter’s ice cream shop along Euclid Avenue in Lexington, KY. The shop is slated to open during February. The franchisee operates Graeter’s locations throughout Louisville, KY and southern IN, and the company currently operates 31 corporate-owned locations. Costco Wholesale Corp. (425-313-8100) plans to open 20 new locations during its current fiscal year. A 148,000 sq.ft. Costco store along West Kelly Avenue in Pharr, TX is slated to open during March, and will also feature gasoline facilities. The company currently operates locations throughout 40 states nationwide, as well as internationally. Petco Animal Supplies Stores, Inc. (858453-7845) will open an 18,300 sq.ft. Petco store in a former Save-A-Lot at Queensbury Plaza, located in Queensbury, NY. The store is slated to open next year, will feature adoption and natural foods sections, as well as a pet grooming salon, and will join Tuesday Morning at the center.
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Sheetz, Inc. (814-946-3611) plans to open a Sheetz convenience store near the intersection of Old Route 220 and Sheetz Way in Claysburg, PA. Construction on the store is slated to begin during the spring. The company also plans to open stores along Frankstown Road near Amelia Avenue in Altoona, PA and along Route 36 in Freedom Township, PA. Construction on the Freedom Township location is slated to begin during March, with an opening projected for the summer. The company operates more than 400 locations throughout six states in the eastern region of the U.S. TJX Cos., Inc. (508-390-1000) plans to open a Marshalls store in the 70,000 sq.ft. second phase of Brickyard Commons, located along Route 125 in Epping, NH. Famous Footwear, PetSmart and dressbarn also plan to open locations in the expansion. Construction began during September with completion slated for April. The company currently operates 2,700 locations nationwide under the T.J. Maxx, Marshalls, HomeGoods and A.J. Wright trade names. OSKA Textilvertriebs GmbH (+49 0 893246250) is considering locations in Seattle, WA and Chicago, IL. The company will also open a 1,500 sq.ft. Oska high-end women’s apparel store at The Pinehurst Building, located at the intersection of 50th Street and France Avenue in Minneapolis, MN, during March. The company currently operates four locations in the U.S. and 25 throughout Europe. Hobby Lobby Stores, Inc. (405-745-1100) will open a Hobby Lobby store at Northwood Shopping Center, located in Northport, AL. The store is slated to open early next year and will join Publix at the center. The company currently operates 492 stores, offering craft and hobby supplies, nationwide throughout 40 states. Dollar General Corp. (615-855-4000) plans to open a 9,100 sq.ft. Dollar General store in a portion of a 26,000 sq.ft. former Nabisco distribution facility located along South Conococheague Street in Williamsport, MD. The company currently operates more than 9,200 stores nationwide throughout 35 states. Wise Buys Liquidators, Inc. (916-773-4998) will open a 25,000 sq.ft. Wise Buys discount store in a former OfficeMax along Riley Street in Folsom, CA. The opening will be the company’s third location and is slated for the first quarter of next year. DM
Apparel Chains Expand Nationwide (continued from page one)
Goin’ Postal Franchise Corp. trades as Hut no. 8 at 15 locations throughout AR, GA, FL, MO, NE and TX. The stores, offering the resale 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 and community shopping centers. Plans call for 75 openings nationwide during the coming 18 months, with representation by APE Realty, Inc. Typical leases run five years with five-year options. A vanilla box 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 requires site submittals to be sent via email. For more information, contact Mark Camara, APE Realty, Inc., 4491 West Whitewater Avenue, Weston, FL 33332; Email: mcamara@aperealty.com; Web site: www.aperealty.com.
Vanity Shop of Grand Forks trades as Vanity at 175 locations nationwide throughout 28 states. The stores, offering women’s and juniors’ apparel, 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. Preferred cotenants include Target. 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. Goodwill Southern California operates 67 locations throughout Los Angeles north of Rosecrans Avenue, as well in Riverside and San Bernardino counties in CA. The stores, offering used and new apparel, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations, power and neighborhood and community shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with two,
five-year options. Preferred cotenants include supermarkets and drug and discount stores. Preferred demographics include a trade-area population of 50,000 earning $50,000 as the average household income. The company prefers sites with average daily traffic counts of 35,000 vehicles. For more information, contact Mark Einbund, Goodwill Southern California, 342 North San Fernando Road, Los Angeles, CA 90031; 323-539-2001; Email: meinbund@goodwillsocal.org; Web site: www.goodwilllsocal.org. J.H.D. Enterprises, Ltd. trades as Lim’s and Basix at 14 lcoations throughout NC, SC and VA. The stores, offering urban sportswear, as well as limited women’s apparel in select locations, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in malls. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five years. The company is site-selective. For more information, contact Bob Lim, J.H.D. Enterprises, Ltd., 1500 Garner Road, Suite C2, Raleigh, NC 27610; 919D 821-1000. M
Real Estate Professionals Making the News Brixmor Property Group (212-869-3000) named Timothy J. Bruce as executive vice president, leasing and redevelopment, as well as a member of the company’s management committee. He will be responsible for the oversight of leasing, national accounts, redevelopment and ancillary income for the company’s nationwide portfolio of community and neighborhood shopping centers. Prior to joining the company, he served at Developers Diversified Realty, Acadia Realty Trust and Westfield, LLC. The company also named Tyson Fraser as vice president, leasing, central region. He will be responsible for directing leasing efforts for a portfolio of shopping centers throughout IA, IL, IN, KS, MN, MO and WI. Prior to joining the company, he served at Icon Real Estate Leasing and Management, Edgemark Commercial Real Estate and Mid-America Real Estate. The company also hired the following leasing representatives: Samuel Kallmerten and Andrew Malvezzi, who will
specialize in the northeastern region; Daniel Germano, who will specialize in the southern region, and Cole Munger, Jodie Pearson, and Scott Singleton, who will specialize in the southwestern region. The company manages a portfolio of 585 shopping centers totaling 92 million sq.ft. throughout 39 states nationwide. Pennmark Management Co., Inc. (610272-6500) hired Mike Fisher. He will be responsible for filling vacancies at the company’s NJ and PA shopping centers, as well as assisting with the acquisition of properties. S.L. Nusbaum Realty Co. (757-282-6505) hired C. Cheyney Cole, Jr. He will specialize in brokerage and development opportunities throughout the Hampton Roads, VA area. Prior to joining the company, Cole served at Harvey Lindsay Commercial and as vice president of development at Marlyn
Development. 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 Brandon L. Singer as a first vice president at the company’s New York, NY office. He will also join the company’s recently-formed urban lease team, which specializes in major urban retail markets nationwide. Prior to joining the company, he served as a senior director at Robert K. Futterman and Associates. The company also hired Brian Hollenback as a vice president at its Denver, CO office. He specializes in the representation of landlords, developers, retailers and restaurants. The company, headquartered in Dallas, TX, is a national retail real estate firm offering brokerage, corporate, development, investment and D managed services. M
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Exclusives and Leasing Assignments Welco Realty, Inc. (914-576-7500) represents the following retailers with their expansion plans: Mandee, throughout NY, seeking spaces of 5,000 sq.ft. in power and community shopping centers; Marshalls, throughout NJ, seeking sites of 30,000 sq.ft. to 50,000 sq.ft. in regional and community shopping centers; Party City, throughout NJ and NY, occupying spaces of 9,000 sq.ft. to 10,000 sq.ft.; Pier 1 Imports, throughout NJ and NY, utilizing sites of 9,000 sq.ft. to 10,000 sq.ft. in freestanding locations and lifestyle and specialty centers, and Simply Face & Body, throughout NJ, seeking spaces of 2,500 sq.ft. to 3,000 sq.ft. Investment Management Associates, Inc. (305-661-0110) represents Smoothie King with the chain’s expansion throughout Broward, Miami-Dade and Palm Beach counties in FL. The smoothie shops are seeking spaces of 600 sq.ft. to 1,600 sq.ft. in freestanding locations and entertainment, power, specialty, strip and value centers. Winick Realty Group (212-792-2613) represents E.nopi with the chain’s expansion throughout Manhattan, NY. The tutoring facilities are seeking spaces of 500 sq.ft. to 1,500 sq.ft. DM
Buyers and Sellers (continued from page four)
Horizon Realty Services, Inc. is selling a 114,000 sq.ft. portion of Landings of Lombard, a 315,000 sq.ft. center located along South Rohlwing Road in Lombard, IL. Tenants within the portion to be sold include Red Wing Shoes, EZ Trims, Jimmy John’s and Floor & Décor Outlets of America. Area demographics include a population of 292,006 within five miles earning $89,279 as the average household income. The average daily traffic count is 68,000 vehicles. The asking price is $8.9 million. The company is also selling Melrose Crossing, a 138,355 sq.ft. center located at the intersection of North Avenue and Mannheim Road in Melrose Park, IL. The property is 87.85% occupied with tenants including Continental Furniture, Planet Fitness, Shoe Zone, Domino’s Pizza and RentA-Center. Burlington Coat Factory shadowanchors the center. Area retail includes Tony’s Finer Foods, Papa John’s, Dunkin’ Donuts and Burger King. Area demographics include a population of 374,346 within five miles earning $81,307 as the average household income. The average daily traffic count is 101,100 vehicles. The NOI is $1.15 million. The asking price is $12.9 million. The property includes a 6,720 sq.ft. outlot which can be acquired separately for $600,000.
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For more information, contact Stuart Lenhoff, Barry Millman or Jason Lenoff, Horizon Realty Services, Inc., 1130 Lake Cook Road, Suite 280, Buffalo Grove, IL 60089; 847-870-8585, Fax 847-870-1888; Web site: www.horizonrealtyservices.com. Meijer Property is selling outlots of 1.18 acres, 1.25 acres and 1.92 acres along East College Avenue in Normal, IL. Area demographics include a population of 125,745 within six miles earning $50,745 as the median household income. The company is also selling outlots of 1.04 acres to 2.62 acres along South Route 59 in Plainfield, IL. Area demographics include a population of 189,194 within six miles earning $68,564 as the median household income. For more information, contact Roger DeHoek, Meijer Property, 2929 Walker Avenue Northwest, Grand Rapids, MI 49544; 616791-3909; Email: roger.dehoek@meijer.com; D M Web site: www.realty.meijer.com.
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Lease Signings Coldwell Banker Commercial Feist & Feist Realty Corp. (908-696-1500) negotiated leases with Kumon Learning Center for 1,060 sq.ft.; Get in Shape for Women for 1,565 sq.ft. and with Tiny Turtles Academy for 10,000 sq.ft. at Highlands Village at Liberty Corner, a 60,506 sq.ft. specialty shopping center located in Basking Ridge, NJ. Cotenants at the center include Rite Aid, Chu’s Café, Village of Highlands Cleaners, Skylands Community Bank, Dunkin’ Donuts, Fresh, Veneto Italian Bistro & Pizza, Kaleidoscope Hair & Body Artistry, The Wine Rack and U.S. Postal Service. Goodman Real Estate Services Group, LLC (216-381-8200) negotiated a ground lease with KeyBank for a one-acre parcel at Steelyard Commons, a 700,000 sq.ft. regional power center located in Cleveland, OH. Cotenants at the center include Target, Walmart Supercenter, Home Depot, Best Buy, Marshalls, Old Navy, Staples, Petco, K&G Fashion Superstore, Applebee’s, Chipotle, IHOP, Steak N Shake, Jimmy John’s and Burger King. The company also negotiated a lease with Bob Evans for space along Cedar Road in South Euclid, OH. The company represented the tenant in the transaction. Robert K. Futterman & Associates (212-5993700) negotiated a lease with Carlo Pazolini for 7,950 sq.ft. along Broadway between Prince Street and Spring Street in the SoHo neighborhood of New York, NY. The store will occupy 4,250 sq.ft. of ground-floor space and 3,700 sq.ft. of basement space. The company represented the tenant, CA 543 Broadway, LLC, c/o The Cayre Group, in the transaction. Grubb & Ellis Co. (972-450-3300) negotiated a lease with Dallas Gold & Silver Exchange for 2,100 sq.ft. at Preston Plaza, located along Preston Road in Dallas, TX. The company represented the landlord, Gilliland Properties II, and Capstone Commercial Real Estate Group represented the tenant in the transcation. Konover South, LLC (954-354-8282) signed a lease with The Quality Barber Shop for 1,300 sq.ft. at Plaza at Davie, located along West State Road 84 in Davie, FL. The company also signed a lease with Weight Watchers for 1,440 sq.ft. at Stuart Centre, located along Southeast Federal Highway in Stuart, FL. Cotenants at the center include HomeGoods, Office Depot and Petco. The company also signed a lease with South Kendall Kumon for 1,960 sq.ft. at South Kendall Square, located along Southwest 120th Street in Kendall, FL. page 10
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Kite Realty Group (317-577-5600) negotiated leases with Press Express for 1,100 sq.ft., with Medi-Fast Weight Control Center for 1,440 sq.ft., with Gyroville for 1,750 sq.ft., with Learning Express Toys for 2,800 sq.ft. and with The Corner Bakery for 3,703 sq.ft. at Cobblestone Plaza, located at the intersection of Interstate 75 and Pines Boulevard in Pembroke Pines, FL. The company represented the landlord, KRG CRES/KS Pembroke Pines, LLC, in the transaction. NAI Issac (859-224-2000) negotiated a lease with T.J. Maxx for 24,000 sq.ft. at Grand Central Place, located at the intersection of Grand Central Boulevard and U.S. Highway 27 in Somerset, KY. Cotenants at the center include Kroger, Goody’s. Dunham Sports and Hobby Lobby. The company represented the landlord, Grand Central Holdings, LLC, and The Shopping Center Group represented the tenant in the transaction. Brixmor Property Group (212-869-3000) signed leases with Weight Watchers for 1,325 sq.ft. and with Sears Home Appliance for 5,267 sq.ft. at Superior Marketplace, located at the intersection of Denver Boulder Turnpike/North Foothill Highway 36 and South McCaslin Boulevard in Superior, CO. Colliers International represented Weight Watchers and Newmark Knight Frank represented Sears Home Appliance in the respective transactions. Retail Solutions (512-474-5557) negotiated a lease with TitleMax for 2,000 sq.ft. at Riverhills Center, located along Riverside Drive in Austin, TX. The company represented the landlord in the transaction. The company also negotiated a lease with Lone Star Family Market for 4,500 sq.ft. along Airport Boulevard in Austin, TX. The company represented the tenant in the transaction. Rose Associates (212-210-6666) negotiated a lease with Ace Hardware for 8,100 sq.ft. along First Avenue in Manhattan, NY. The store will occupy 4,000 sq.ft. of street-level space and 4,100 sq.ft. of basement space. The company represented the landlord and Newmark Knight Frank represented the tenant in the transaction. The Lightstone Group (212-616-9969) signed a two-year lease extension with ERA Designs for Living for 3,000 sq.ft. at Browntown Shopping Center, a 93,251 sq.ft. center located along Route 516 in Old Bridge, NJ. Cotenants at the center include E.nopi, Walgreens and Wendy’s. DM
Lead Sheet Darsell Marketing and Trading, LLC dba Sun Spectacles Yavocka Young 40 Mass Avenue Northeast Washington, DC 20002 202-321-7462
Accessories The two-unit chain operates locations in MD and Washington, DC. The sunglasses boutiques occupy spaces of 400 sq.ft. to 900 sq.ft. in inline spaces of tourist centers. Growth opportunities are sought throughout FL and NY during the coming 18 months. Preferred cotenants include accessories retailers. The company prefers to locate in areas with a high tourist population and a residential population earning more than $80,000 as the annual household income.
Niederauer, Inc. dba Western Appliance TV & Stereo Doug Moir 1976 West San Carlos Street San Jose, CA 95128 408-297-2440, Fax 408-298-7508 Web site: www.westernappliance.com
Appliances The 10-unit chain operates locations throughout northern CA. The stores, offering appliances and electronics, occupy spaces of 16,000 sq.ft. to 20,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the San Francisco Bay area of CA during the coming 18 months. Typical leases run five years with three, five-year options.
SDA, Inc. dba Strauss Auto Bill Belinowicz 7-C Brick Plant Road South River, NJ 08882 732-390-9000 Ext. 5240, Fax 732-390-9079 Email: bbelinowicz@straussauto.com Web site: www.straussauto.com
Automotive The 52-unit chain operates locations throughout NJ, NY and Philadelphia and Lehigh counties in PA. The automotive service facilities and tire stores occupy spaces of 6,000 sq.ft. in freestanding locations and pad sites and endcaps of shopping centers. Growth opportunities are sought throughout NJ and New York and Long Island, NY during the coming 18 months. Preferred cotenants include supermarkets. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. Major competitors include STS and Goodyear. The company requires sites with six to eight service bays.
Tilden Car Care Centers Robert Baskind 300 Hempstead Turnpike, Suite 110 West Hempstead, NY 11552 516-746-7911, Fax 516-746-1288 Email: info@tildencarcare.com Web site: www.tildencarcare.com
Automotive The 61-unit chain operates locations throughout CO, FL, GA, IL, IN, MA, NC, NH, NJ, NY, OH, RI, TN and TX. The automotive service centers occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding locations. Plans call for 10 openings nationwide during the coming 18 months. Typical leases run 20 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. Major competitors include Goodyear and Midas. The company is franchising.
Books-A-Million, Inc. dba Books-A-Million, Books & Co. and Bookland Sharon Sprague 402 Industrial Lane Birmingham, AL 35211 205-942-3737, Fax 205-942-2147 Email: sprauges@bamm.com Web site: www.booksamillion.com
Books The 200-unit chain operates locations throughout AL, AR, FL, GA, IL, IN, KS, KY, LA, MD, MO, MS, NC, NE, NJ, OH, OK, PA, SC, TN, TX, VA, WV and Washington, DC. The book stores occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the eastern region of the U.S. during the coming 18 months. Typical leases run 10 years with options. Specific improvements and a turnkey are required. Preferred demographics include a population of 50,000 within five miles earning $60,000 as the average household income. The company prefers to locate in centers featuring a GLA between 500,000 sq.ft. and two million sq.ft.
Indigo Books & Music, Inc. dba IndigoSpirit and Coles Drew McGowen 468 King Street West, Suite 500 Toronto, Ontario, Canada M5V 1L8 416-364-4499, Fax 416-646-8907 Email: dmcgowen@indigo.ca Web site: www.indigochapters.com
Books The 146-unit chain operates locations throughout Canada. The stores, offering books, music and gifts, occupy spaces of 2,500 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years.
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Lead Sheet Cards For Less Stuart Kramer c/o First Development Corp. Realty 1328 Motor Parkway Hauppauge, NY 11749 631-234-3200 Email: christine@fdcrealty.com
Cards The 12-unit chain operates locations throughout Long Island, Queens and Staten Island, NY. The card and gift shops occupy spaces of 2,200 sq.ft. to 2,500 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by First Development Corp. Realty. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores.
Hallmark Gold Crown Stores Sharon Carmichael c/o Terranomics Retail Services 1350 Bayshore Highway, Suite 900 Burlingame, CA 94010 408-200-8811 Email: scarmichael@terranomics.com Web site: www.terranomics.com
Cards The 3,000-unit chain operates locations nationwide. The card and gift shops occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in malls and power and strip centers. Plans call for one to two openings in the San Francisco Bay area and Riverside County, CA during the coming 18 months, with representation by Terranomics Retail Services. Preferred cotenants include grocery stores and Target.
7-Eleven, Inc. dba 7-Eleven Ken Barnes 115 Broadhollow Road, Suite 300 Melville, NY 11747 972-828-4916 Web site: www.7-eleven.com
Convenience The 8,800-unit chain operates locations nationwide and throughout Canada. The convenience stores occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout NJ, NY, PA and New England, as well as Ontario, Canada, during the coming 18 months.
Certified Oil Corp. dba Certified David Hogan 949 King Avenue Columbus, OH 43212 614-421-7500 Ext. 221, Fax 614-421-6525
Convenience The 82-unit chain operates locations throughout northern KY, OH and northern WV. The convenience stores, with gasoline facilities, occupy spaces of 1,500 sq.ft. to 2,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include Kmart and Target. A land area of one acre is required.
E-Z Stop Food Marts, Inc. dba E-Z Stop Tommy Hunt PO Box 6618 Maryville, TN 37802 865-977-7070, Fax 865-982-3271 Email: tommy@ezstop.net
Convenience The 22-unit chain operates locations throughout TN. The convenience stores, with gasoline facilities, occupy spaces of 2,500 sq.ft. to 6,000 sq.ft. in freestanding locations. Plans call for one to two openings within the existing market during the coming 18 months. Preferred cotenants include quick-service restaurants. Preferred demographics include a population of 10,000 within three miles earning $25,000 as the average household income. Major competitors include Pilot and RaceTrac. A land area of one acre is required.
Murphy Oil 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
Convenience The company operates locations nationwide throughout 20 states. The convenience stores, with gasoline facilities, occupy outlots situated on a land area of one acre. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. The company prefers to acquire sites.
Sharpe Dry Goods dba Sharpe Department Stores Logan Sharpe 200 North Broadway Street Checotah, OK 74426 918-473-2234, Fax 918-473-0346 Email: logan@sharpeclothing.com Web site: www.sharpeclothing.com
Department Store The 26-unit chain operates locations throughout AR, LA and OK. The department stores occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations and downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 20,000 within 10 miles earning $35,000 as the average household income.
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Lead Sheet Best Buy Canada Ltd. dba Best Buy Canada Ltd., Future Shops and Best Buy Mobile Geoff Stollery 8800 Glenlyon Parkway Burnaby, British Columbia, Canada V5J 5K3 604-456-8264, Fax 604-412-5215 Email: gstollery@bestbuycanada.ca Web site: www.futureshop.ca
Electronics The 227-unit chain operates locations throughout Canada. The stores, offering appliances, computers, electronics, videos, DVDs, cell phones and musical instruments, occupy spaces of 20,000 sq.ft. to 36,000 sq.ft. in freestanding locations, power centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years.
CPR Mark Camara c/o APE Realty, Inc. 4491 West Whitewater Avenue Weston, FL 33332 Email: mcamara@aperealty.com Web site: www.aperealty.com
Electronics The 95-unit chain operates locations throughout AZ, CA, CO, FL, GA, HI, ID, IL, IN, MD, MO, MS, MT, NC, NY, OK, OR, SC, TX, UT, VA and WV. The stores, offering repair services for cellular products, occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in regional malls and entertainment, outlet, power, specialty, strip and value centers, in addition to urban/ downtown areas. Plans call for 100 openings nationwide during the coming 18 months, with representation by APE Realty, Inc. Typical leases run five years with a five-year option. A vanilla shell and tenant improvement allowance are required. Preferred cotenants include AT&T Mobility, Verizon Wireless, T-Mobile and RadioShack. Preferred demographics include a population of 35,000 within three miles earning $45,000 as the average household income. Expansion is franchise-driven.
Express Stores, Inc. dba T-Mobile Jack Kahn c/o Jack Kahn Realty Services Corp. 33 Clinton Road, Suite 203 West Caldwell, NJ 07006 973-808-8757, Fax 973-808-8758 Email: jkbroker@aol.com
Electronics The 25-unit chain operates locations throughout central and southern NJ, as well as eastern PA. The stores, offering cellular products and services, occupy spaces of 800 sq.ft. to 2,500 sq.ft. in freestanding locations and lifestyle, power and neighborhood shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Jack Kahn Realty Services Corp. Typical leases run five years with options. Major competitors include AT&T Mobility, Verizon Wireless, Sprint, MetroPCS, Boost and Cricket.
U.S. Cellular Corp. dba U.S. Cellular Glen Todd 8410 West Bryn Mawr Avenue Chicago, IL 60631 773-399-8922, Fax 773-527-2814 Email: glen.todd@uscellular.com Web site: www.uscellular.com
Electronics The 450-unit chain operates locations nationwide throughout 26 states. The electronics stores prefer to occupy pad sites of 1,500 sq.ft. to 2,000 sq.ft. in rural areas and of 2,500 sq.ft. to 3,500 sq.ft. in urban areas for corporate-owned stores and spaces of 1,000 sq.ft. to 1,500 sq.ft. for agent stores in metropolitan areas. Preferred demographics include a trade-area population of 25,000 within rural markets and of 75,000 within metropolitan markets. The company prefers sites with an average daily traffic count of 20,000 vehicles. For more information regarding expansion throughout Auburn, Augusta, Bangor, Brunswick and Portland, ME; Concord, Keene, Lebanon, Manchester and Nashua, NH; Cumberland and Hagerstown, MD; Asheville, Greenville, Rocky Mount and Wilmington, NC; Athens, Knoxville and Cookeville, TN; Charlottesville, Lynchburg and Roanoke, VA, and Beckley, Clarksburg, Martinsburg and Morgantown, WV, contact Thad Burdett; 865-777-7970; Email: thad.burdette@uscellular.com. For more information regarding expansion throughout Chicago, Peoria, Rockford and Springfield, IL; Gary, Ft. Wayne and Mishawaka, IN; Niles and St. Joseph, MI and Appleton, Green Bay, Madison and Milwaukee, WI, contact Erran Zinzer; 773-399-6836; Email: erran.zinzer@uscellular.com. For more information regarding expansion throughout Cedar Rapids, Davenport and Des Moines, IA; Grand Island, Lincoln, North Platte and Omaha, NE; Hutchinson, Manhattan and Salina, KS; Columbia, Jefferson City, Joplin and St. Louis, MO; Lawton, Muskogee, Oklahoma City and Tulsa, OK; Wichita Falls, TX; Crescent City and Eureka, CA; Bend, Lagrande and Medford, OR and Kennewick, Longview and Yakima, WA, contact Ruth Bowers; 660-216-8061; Email: ruth.bowers@uscellular.com. Entertainment The eight-unit chain operates locations throughout AZ, GA and TX. The movie theaters and restaurants occupy spaces of 40,000 sq.ft. in freestanding locations, regional malls and lifestyle, entertainment, tourist, specialty and power centers, as well as urban/downtown areas. Plans call for three to seven openings throughout major markets nationwide during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include bookstores, restaurants, SuperTarget and Bed Bath & Beyond.
Studio Movie Grill Brian Schultz 11300 North Central Expressway, Suite 200 Dallas, TX 75243 972-388-7888, Fax 214-751-3980 Email: lmcquaker@studiomoviegrill.com Web site: www.studiomoviegrill.com
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Lead Sheet Jared – The Galleria of Jewelry Les Sax c/o Sax Realty, Inc. 4931 Cordell Avenue Bethesda, MD 20814 240-497-1192, Fax 240-497-1070 Email: lsax@saxrealty.com Web site: www.saxrealty.com
Jewelry The 180-unit chain operates locations nationwide throughout 36 states. The jewelry stores occupy spaces of 5,600 sq.ft. to 6,000 sq.ft. in freestanding locations and power and specialty centers. Growth opportunities are sought throughout MD and VA during the coming 18 months, with representation by Sax Realty, Inc.
Batteries Plus, LLC dba Batteries Plus Nate Zelazoski 925 Walnut Ridge Drive Hartland, WI 53029 262-912-3186, Fax 262-912-3100 Email: nzelazoski@batteriesplus.com Web site: www.batteriesplus.com
Specialty The 475-unit chain operates locations nationwide. The stores, offering batteries for cars, hearing aids, laptops, cellular phones, digital cameras and other electronic products, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include Home Depot, Lowe’s Home Improvement and Target. Preferred demographics include a population of 100,000 within five miles. The company is franchising.
U.S. Postal Service 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: wwww.saugatuckcommercial.com
Specialty The 32,000-unit chain operates locations nationwide. The post offices occupy spaces of 2,000 sq.ft. in various types of sites. Growth opportunities are sought throughout select markets in CT and RI during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC.
Learning Express, Inc. dba Learning Express George Russell 29 Buena Vista Street Devens, MA 01434 978-889-1060, Fax 978-889-1010 Email: george@learningexpress.com Web site: www.learningexpress.com
Toys The 150-unit chain operates locations nationwide. The toy stores occupy spaces of 2,200 sq.ft. to 3,500 sq.ft. in freestanding locations, malls and lifestyle, outlet, power, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 100,000 within five miles earning $75,000 as the average household income. Major competitors include local toy stores. The company is franchising.
The Vitamin Shoppe Corey Bialow c/o Bialow Real Estate 200 Highland Avenue, Suite 401 Needham, MA 02494 781-444-2316, Fax 781-444-2317 Email: cbialow@bialow.com Web sites: www.vitaminshoppe.com and www.bialow.com
Vitamins The 515-unit chain operates locations nationwide. The stores, offering vitamins, minerals and nutritional supplements, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations and endcaps and pad sites of shopping centers. Plans call for 75 openings nationwide and throughout the greater Toronto, Ontario, Canada area during the coming 18 months, with representation by Bialow Real Estate.
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 14
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Sources of Financing
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Malkin Strategic Capital provides mezzanine and preferred equity financing for workouts, recapitalizations, restructurings and acquisitions of retail, office, multifamily, hospitality and industrial properties nationwide, with a focus on primary and secondary markets. Loans are available in amounts from $2 million to $40 million for terms of two to 10 years featuring a maximum loan-to-value ratio of 85%. Interest-only financing is available. For more information, contact George S. Perry or Sean M. Meehan, Malkin Strategic Capital, One Grand Central Place, 60 East 42nd Street, New York, NY 10165; 212-850-2725/2726; Emails: gsperry@malkinproperties.com and smeehan@malkinproperties.com; Web site: www.malkinproperties.com. T&K Consulting, on behalf of lenders, provides bridge, debt and equity financing for commercial real estate throughout the New York, NY metropolitan area. Loans are available in amounts from $300,000 to $50 million. The company also provides financing for the rehabilitation and construction of commercial properties, including ground-up construction in select cases. For more information, contact Jason Chornay, T&K Consulting, 146 Spencer Street, Suite 6012, Brooklyn, NY 11205; 718-557-7799, Fax 718-557-7798; Email: jason@tnkconsulting.com; Web site: www.tnkconsulting.com. Mortgage Cap Financial provides construction, acquisition and development financing for retail, office, multifamily and hospitality properties nationwide, as well as raw land. Loans are available in amounts above $1 million. For more information, contact Mortgage Cap Financial; 212-6314272, Fax 212-208-3069; Email: milford@commercialmortgagecap.com; Web site: www.mortgagecapfinancial.com. BMC Capital provides financing for the acquisition and refinancing of netleased retail, office, industrial and storage properties. Loans are available in amounts from $500,000 to more than $10 million for terms of three, five or seven years featuring interest rates between 5.25% and 6.75%, a maximum loan-to-value ratio of 75% and a maximum amortization schedule of 25 years. For more information, contact Carl Esrey, BMC Capital, 3100 Monticello Avenue, Suite 400, Dallas, TX 75205; 214-526-7178, Fax 214526-2297; Email: cesrey@bmccapital.com; D M Web site: www.bmccapital.com. page 16
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Phoenix – Laveen Marketplace, a 71,619 sq.ft. center located at the intersection of 51st Avenue and Baseline Road, has a freestanding 2,400 sq.ft. restaurant with a drive-thru available. Home Depot and Fry’s shadow-anchor the center. Cotenants include Diamond Wireless, Villa’s Authentic Mexican Food, Sleep America, Pizza Hut, Laveen Nails, H&R Block, Unforgettable Boutique, Leslie’s Pool Supply, State Farm Insurance, Petco and Dollar Tree. Area retail includes Wells Fargo Bank and McDonald’s. Area demographics include a population of 104,326 within five miles earning $69,828 as the average household income. For details, contact Bryan Ledbetter, ZELL Commercial Real Estate Services, Inc., 5343 North 16th Street, Suite 290, Phoenix, AZ 85016; 602-386-5710, Fax 602-248-0501; Email: bledbetter@zellcre.com; Web site: www.zellcre.com.
Panera Bread, Duffy’s, IHOP, Applebee’s and Mattress Firm. Area demographics include a population of 84,430 within five miles earning $112,632 as the average household income. The average daily traffic count is 65,000 vehicles. Lake Worth – Waterside Plaza, a mixed-use center located along 10th Avenue North, has spaces available from 700 sq.ft. to 6,720 sq.ft. Presidente Supermarket anchors the center and cotenants include Viktoria Dry Cleaner, Four Brothers Italian Kitchen, Family Dollar, NY Nails Inc., K’s Liquors, Monique’s Women’s Fashions, Flanigan’s, Wendy’s and Elayne’s Restaurant. Area retail includes Pizza Hut, Dollar Tree and Publix. Area demographics include a population of 265,361 within five miles earning $59,549 as the average household income. The average daily traffic count is 40,225 vehicles. West Palm Beach – Shoppes at Cresthaven, located along South Military Trail, has spaces available from 1,050 sq.ft. to 5,800 sq.ft. along with outlots of 4,000 sq.ft. and 5,782 sq.ft. Winn-Dixie anchors the center and cotenants include YouFit, Home Town Laundry, CitiTrends, Nail Xperts, Subway and McDonald’s. Area retail includes Checkers, Sears, Taco Bell, Burger King, CVS, Dunkin’ Donuts and Popeye’s. Area demographics include a population of 291,827 within five miles earning $59,083 as the average household income. For details, contact Cohen Commercial, 5041 Okeechobee Boulevard, West Palm Beach, FL 33417; 561-471-0212, Fax 561471-5905; Email: info@cohencommercial.com; Web site: www.cohencommercial.com.
California Oakland – Jack London Gateway, located along Market Street, has spaces available from 1,000 sq.ft. to 15,956 sq.ft. Cotenants include McDonald’s. Area demographics include a population of 292,675 within five miles earning $72,990 as the median household income. For details, contact Reesa Tansey or Sandra Weck, Colliers International, 1999 Harrison Street, Suite 1750, Oakland, CA 94612; 510-433-5808 or 925-227-6230; Emails: reesa.tansey@colliers.com and sandra.weck@colliers.com; Web site: www.colliersparrish.com.
Florida Daytona Beach – Volusia Shoppes, located along West International Speedway Boulevard, has spaces available from 1,150 sq.ft. to 4,100 sq.ft. Cotenants include Edamame Japanese Restaurant, South Beach Tanning, Pink Flamingo, Nail Art, Cloake & Dagger Comics, Aero Supplies & Express and Outback Steakhouse. Area retail includes Volusia Mall, Friendly’s, SunTrust Bank, Ruby Tuesday, 7-Eleven and KFC. Area draws include Daytona State College, Daytona International Speedway and Daytona Regional Airport. Area demographics include a population of 125,567 within five miles earning $47,093 as the average household income. The average daily traffic count is 44,000 vehicles. Juniper – Juniper West Plaza, located along West Indiantown Road, has a 4,000 sq.ft. outlot available. Cotenants include Winn-Dixie, Pet Supermarket, Dealmakers
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Largo – Paradise Shops of Largo, a 54,641 sq.ft. center located at the intersection of Seminole Boulevard and Ulmerton Road, has a 4,200 sq.ft. space available. Publix anchors the center and Home Depot shadow-anchors the site. Cotenants include Starbucks, Mikayo, Julie’s Nails, Hairmaster’s, Regions Bank and Steak ‘N Shake. Area demographics include a population of 244,435 within five miles earning $46,200 as the median household income. The average daily traffic count is 75,000 vehicles. North Port – North Port Commons, located along South Tamiami Trail, has spaces available from 621 sq.ft. to 2,506 sq.ft. Cotenants include Marco’s Pizza, Café Romesco, Town Pharmacy, Fantastic Sams and Dunkin’ Donuts. Area retail includes Lowe’s Home Improvement, Wendy’s, Walgreens, Publix, Applebee’s, Fifth Third Bank, Walmart Supercenter, Home Depot and Perkins. Area demographics include a population of 59,404 within five miles earning $52,319 as the median household
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Illinois
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income. The average daily traffic count is more than 40,000 vehicles. For details regarding the Largo property, contact Marshall Bigler, LandQwest Commercial, 17410 Hanna Road, Lutz, FL 33549; 813-546-9269; Email: mbigler@lqwest.com; Web site: www.lqwest.com. For details regarding the North Port property, contact Jason Sepanski, Tom Strauss or Matt Yaniglos, 12840 University Drive, Ft. Meyers, FL 33907; 941-238-8001 or 239-333-4372/4367, Fax 239-275-4699.
Orchard Road and Randall Road, has spaces available from 3,000 sq.ft. to 35,020 sq.ft. Target and JCPenney anchor the center. Cotenants include Discovery, Justice, Bath & Body Works, Dollar Tree, Sally Beauty Supply, Petco, Maurices, MC Sports, Lane Bryant, Famous Footwear and Michaels. Area retail includes La-Z-Boy, Best Buy and Verizon Wireless. Area demographics include a population of 168,870 within five miles earning $79,136 as the average household income. The average daily traffic count is 94,669 vehicles.
For details, contact Niki Stathos, McCaffery Interests, Inc., 875 North Michigan Avenue, Suite 1800, Chicago, IL 60611; 312-7842778; Email: nstathos@mccafferyinterests. com; Web site: www.mccafferyinterests. com. For additional information regarding the East 53rd Street and North Aurora properties, contact Tyler R. Quast; 312-784-2760; Email: tquast@mccafferyinterests.com. For additional information regarding Roosevelt Collection, contact Clayton McCaffery; 312-7842756; Email: cmccaffery@mccafferyinterests.com.
Illinois Chicago – Belmont Real Fashion Outlet, located along Belmont Avenue between Pulaski Road and Cicero Avenue, has divisible spaces of 5,500 sq.ft. and 11,000 sq.ft. available. Cotenants include Card & Party Warehouse, Family Dollar, Pay Half, Chernin’s Shoes, Bosen Martial Arts and Bargains in a Box. Area demographics include a population of 1.276 million within five miles earning $75,047 as the average household income. For details, contact Barry Millman or Jason Lenhoff, Horizon Realty Services, Inc., 1130 Lake Cook Road, Suite 280, Buffalo Grove, IL 60089; 847-870-8585, Fax 847-870-1888; Emails: bmillman@horizonrealtyservices.com and jlenhoff@horizonrealtyservices.com; Web site: www.horizonrealtyservices.com. Chicago – A two-story 24,963 sq.ft. building located at the intersection of East 53rd Street and Lake Park Avenue has space available. Area retail includes Subway, H&R Block, The Great Frame Up, Curves, Boston Market, Five Guys Famous Burgers and Fries, LA Fitness, Pancake House, McDonald’s, American Mattress, The UPS Store, GNC, Bank of America, T-Mobile, RadioShack and AT&T Mobility. Area draws include University of Chicago. Area demographics include a population of 60,451 within 1.5 miles earning $41,103 as the average household income. Also, Roosevelt Collection, a 300,000 sq.ft. mixed-use lifestyle center located along West Roosevelt Road, has space available. Kerasotes ICON Theater anchors the center. Area retail includes Whole Foods Market, Target, Office Depot, DSW, PetSmart, Staples, Best Buy, Home Depot, Jewel-Osco and Walgreens. Area demographics include a population of 786,385 within five miles earning $73,677 as the average household income. North Aurora – North Aurora Towne Center, a 350,000 sq.ft. center located at the intersection of Interstate 88,
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New Lenox – Hickory Creek Plaza, a 30,000 sq.ft. center located along Lincoln Highway, has spaces available of 1,046 sq.ft. and 3,900 sq.ft. Cotenants include H&R Block, Fiore Flower Shop, Charles Morris Salon, Nancy’s Pizza, Ultimate Exposure Tan, CosmoProf, David Anthony Jewelers, Wynder Hot Dogs and First Midwest Bank. Area retail includes Walgreens, Target, Lowe’s Home Improvement, Wendy’s, Chili’s and Michaels. Area demographics include a population of 216,819 within seven miles earning $78,364 as the average household income. The average daily traffic count is 18,800 vehicles. For details, contact Mark Fredericks, Edgemark, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5613, Fax 630472-1019; Email: mfredericks@edgemarkllc.com; Web site: www.edgemarkllc.com.
Indiana Wabash – Wabash Crossing, a 142,183 sq.ft. center located at the intersection of U.S. Highway 24 and North Cass Street/State Road 15, has spaces available from 2,000 sq.ft. to 16,000 sq.ft. along with a divisible 5,000 sq.ft. outlot. Walmart Supercenter shadow-anchors the center and cotenants include Tractor Supply Co., Dunham’s Sports, J&K Aquariums & Pets, Goody’s, Bob Evans, Dollar Tree, Rent-A-Center, Fiesta Salons, Great Wall Chinese, AT&T Mobility, H&R Block and Check Into Cash. Area demographics include a population of 119,583 within 20 miles earning $53,252 as the average household income. For details, contact Eric Koche, Brixmor Property Group, 22054 Farmington Road, Farmington, MI 48336; 248-442-5929; Email: eric.koche@brixmor.com; Web site: www.brixmor.com.
Kansas Olathe – Olathe Station, a 620,000 sq.ft. power center located at the intersection of 119th Street and Blackbob Road, has spaces available from 1,000 sq.ft. to 23,810 sq.ft. Target anchors the center and cotenants include Bed Bath & Beyond, OfficeMax, PetSmart, Nail Perfection, First Watch, Half Price Books, Mattress Firm, Smashburger, The Honeybaked Ham Co., Verizon Wireless, Beauty Brands, Batteries Plus, Firehouse Subs, Orange Leaf, Pei Wei Asian Diner, Planet Sub, GNC, Oxford Cleaners, Children’s Orchard, Leaping Lizards, GameStop, Kozetta’s Dance, The Hairem, Shoe Express and Deal$. Area demographics page 18
December 2, 2011
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include a population of 217,961 within five miles earning $94,843 as the average household income. Overland Park – Pinnacle Village, located along West 119th Street, has spaces available from 1,600 sq.ft. to 10,679 sq.ft. SuperTarget anchors the center and cotenants include Michaels, DSW, Beauty Brands and First Watch. Area retail includes Costco, JCPenney, OfficeMax, 24 Hour Fitness, Bed Bath & Beyond, Whole Foods Market, The Cheesecake Factory, Chili’s, IHOP, Walmart, Kohl’s, PetSmart, Best Buy and Rosana Square, featuring Price Chopper, Advance Auto, Hobby Lobby, Mardel and McDonald’s. Area demographics include a population of 228,896 within five miles earning $110,467 as the average household income. For details, contact Audrey Navarro or Sher Blandford, Kessinger Hunter & Co., 2600 Grand Boulevard, Suite 700, Kansas City, MO 64108; 816-936-8576/8525, Fax 816-4215659; Emails: anavarro@kessingerhunter.com and sblandford@kessingerhunter.com; Web site: www.kessingerhunter.com.
For details, contact Matthew Johnson, Brixmor Property Group, 40 Skokie Boulevard, Suite 600, Northbrook, IL 60062; 612-798-7960; Email: matthew.johnson@brixmor.com; Web site: www.brixmor.com.
Kentucky Louisville – Piccadilly Square, located at the intersection of Hurstbourne Parkway and Bardstown Road, has space available. Big Lots anchors the center and cotenants include Empire Beauty School, Family Dollar, Jackson Hewitt, The Billiards Club, Bank One and Ryan’s. Area retail includes PNC Bank, The UPS Store, AutoZone, Wendy’s and Fern Creek Peddler’s Mall. Area demographics include a population of 182,370 within five miles earning $35,406 as the average household income. For details, contact Gator Investments, 1595 Northeast 163rd Street, North Miami Beach, FL 33162; 877-459-9605; Email: sales@gatorinvestments.com; Web site: www.gatorinvestments.com.
Minnesota Savage – Marketplace @ 42, a 117,873 sq.ft. center located at the intersection of Country Road 42 and South Highway 13, has spaces available from 1,307 sq.ft. to 3,066 sq.ft. Rainbow Foods anchors the center and cotenants include Subway, Hallmark, The UPS Store, Taco Bell, Axel’s Bonfire Grill, Leean Chin, RadioShack and Papa John’s. Area retail includes Walgreens, Great Clips and Papa Murphy’s. Area demographics include a population of 107,544 within five miles earning $101,128 as the average household income. Dealmakers
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New Jersey Clementon – Cherrywood Plaza, located at the intersection of Chews Landing-Little Gloucester Road and Blackwood Clementon Road, has spaces available from 700 sq.ft. to 7,200 sq.ft. Kmart anchors the center and cotenants include Planet Fitness, Fashion Bug, Rent-A-Center, GameStop, Shoe Dept., Dollar Tree, Subway, RadioShack, T-Mobile, Saladworks, Great Clips and Starbucks. Area retail includes ShopRite. Area demographics include a population of 401,728 within seven miles earning $102,184 as the average household income. The average daily traffic count is 36,100 vehicles. For details, contact Benderson, 570 Delaware Avenue, Buffalo, NY 14202; 716886-0211, Fax 716-886-2269; Web site: www.benderson.com. Clifton – Styertowne Shopping Center, located at the intersection of Route 3 and Bloomfield Avenue, has spaces available of 1,500 sq.ft.; 4,000 sq.ft. and 20,000 sq.ft. Acme anchors the center and cotenants include Valley National Bank, Kim’s Nails, Cleaners 2000, CVS, FYE, Subway, Styertowne Bakery, Bertelli’s Wines, Dollar Tree, Corbo Jewelry, GNC, RadioShack, Seasons Chinese Restaurant, Taste of Tuscany Restaurant, Footnotes Bookstore, Antonio’s Hair Salon, Dunkin’ Donuts, Largo House Spa, Avante Garde Salon, dressbarn, Modell’s, A.C. Moore and Pet Stuff. Area retail includes Home Depot, Chico’s, T.G.I. Friday’s, Costco and Clifton Commons, featuring Target, Barnes & Noble, Stop & Shop, Staples, Party City, Kohl’s and The Sports Authority. Area demographics include a population of 619,322 within five miles earning $84,780 as the average household income. The average daily traffic count is 132,600 vehicles. For details, contact Jacobs Enterprises, Inc., 1051 Bloomfield Avenue, Clifton, NJ 07012; 973-591-5222, Fax 973-591-5223; Email: info@jacobs-enterprises.com; Web site: www.jacobs-enterprises.com. Hackensack – Riverfront Plaza, a 130,000 sq.ft. regional center located along South River Street, has a divisible 5,000 sq.ft. (continued on page twenty)
Over 6,000
retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? TenantSearch includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches online can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any Web browser online, access up-todate information, print letters and save searches. Get the details on over 6,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise; Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.
Try a Demo to See for Yourself How Easy TenantSearch is to Use! Just call us for a demo on CD-Rom or go online at www.tenantsearch.com
Daily Email Alerts Retailer expansion plans are updated daily and online TenantSearch users receive 5 to 25 leads daily via email. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and retail uses you desire, and within seconds you’ll have a list of prospective tenants for your location.
Call 1-800-732-5856 or visit our Web site at www.tenantsearch.com
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Space Place New Jersey
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space available along with a 4,000 sq.ft. endcap space. ShopRite anchors the center and cotenants include H&R Block, Mandee, Subway, Chase Bank, Verizon Wireless, SuperCuts, RadioShack, GNC, Taco Bell, KFC and J-B Pet Supply. Area demographics include a population of 574,269 within five miles earning $76,187 as the average household income. For details, contact Ken Fioretti, Crossroads Cos., 20 Ridge Road, Suite 210, Mahwah, NJ 07430; 210-252-2890 Ext. 204; Email: crosscomm@optonline.net; Web site: www.crossroads-companies.com.
North Carolina Asheville – Gerber Village, a 93,511 sq.ft. mixed-use center located at the intersection of Henderson Road/U.S. Highway 25 and Gerber Road, has spaces available from 354 sq.ft. to 5,571 sq.ft. Office Depot anchors the center and cotenants include Cinnamon Kitchen, Verizon Wireless, Five Guys Famous Burgers and Fries, Rita’s, Green Tea Sushi, Frankie Bones, Wine
North Carolina
Ohio
Styles, Thirsty Monk and Elite Nail Salon. Area retail includes Kmart, Burger King and Domino’s Pizza. Area demographics include a population of 173,986 within 10 miles earning $63,801 as the average household income. The average daily traffic count is 35,000 vehicles. Laurinburg – Holly Square, an 82,000 sq.ft. neighborhood shopping center located at the intersection of U.S. Highway 15/401, U.S. Highway 74/501 and West Lauchwood Drive, has a divisible 29,982 sq.ft. space available along with a 0.68-acre outlot. Harris Teeter anchors the center and cotenants include Dollar Tree, Rent-A-Center, BB&T Bank, T-Mobile and Captain D’s. Area retail includes Big Lots, It’s Fashion, Sherwin-Williams, China Garden, Domino’s Pizza, Subway, Hallmark, The UPS Store and Wendy’s. Area demographics include a population of 29,267 within seven miles earning $43,699 as the average household income. For details, contact Justin P. Schad, Faison, 121 West Trade Street, 27th Floor, Charlotte, NC 28202; 704-972-2634, Fax 704-9722698; Email: justin.schad@faison.com; Web site: www.faison.com.
Columbus – Northland Plaza, a 215,729 sq.ft. center located at the intersection of East Dublin-Granville Road/Route 161 and Cleveland Avenue, has spaces available from 3,219 sq.ft. to 51,250 sq.ft. along with outlots of 0.99 acres and 1.13 acres. Cotenants include Europa Fine Furniture and Steak ‘N Shake. Area retail includes Kroger and Meijer. Area demographics include a population of 258,897 within five miles earning $62,819 as the average household income. Hamilton – Hamilton Plaza, a 213,000 sq.ft. center located along Dixie Highway, has a divisible 40,000 sq.ft. space available along with pad sites. Big Lots anchors the center and cotenants include Save-A-Lot, Family Dollar, Papa John’s and O’Reilly Auto Parts. Area demographics include a population of 204,936 within seven miles earning $63,837 as the average household income. For details, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212-643-8080, Fax 212-6432626; Email: leasing@nassimirealty.com; Web site: www.nassimirealty.com. Lima – A 12,000 sq.ft. strip center located at the intersection of North Eastown Road and Elida Road has space available. Cotenants include Chipotle and Aspen Dental. Area retail includes Lima Center, featuring JoAnn Fabrics, Kohl’s, T.J. Maxx, Hobby Lobby and Shoe Carnival, and Lima Mall, featuring JCPenney, Sears, Macy’s, Firestone, Chase Bank, Ruby Tuesday and Panera Bread. Area demographics include a population of 92,870 within 10 miles earning $55,948 as the average household income. The average daily traffic count is 27,700 vehicles. For details, contact Les Birbaum, Hendricks Commercial Properties, LLC, 655 Third Street, Suite 301, Beloit, WI 53511; 608-466-4270, Fax 608-364-0172; Email: les.birbaum@hendricksgroup.net; Web site: www.hendricksgroup.net.
Pennsylvania Birmingham Township – Shoppes at Dilworthtown Crossing, a 127,822 sq.ft. center located at the intersection of Route 202 and Dilworthtown Road, has spaces available of 1,125 sq.ft. and 1,200 sq.ft. Giant anchors the center and cotenants include Dairy Queen, Wine & Spirits Shoppe, Currie Hair Skin & Nails, Eyemaxx, Kyoto Pan-Asian Sushi, Red Sombrero Mexican Restaurant, Nino’s Pizza, Tan Works, Old Havana Cigar Co., AIM Mail Centers, (continued on page twenty-two) page 20
December 2, 2011
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Myron Sandro Jewelers, GNC, Hallmark, AT&T Mobility, Saladworks, Starbucks, National Penn Bank and CVS. Area demographics include a population of 87,061 within five miles earning $106,650 as the average household income. The average daily traffic count is 42,000 vehicles. For details, contact Waters & Associates; 610-388-6600, Fax 610-388-6605; Web site: www.rjwaters.com. Bloomsburg – Columbia Mall, a 350,568 sq.ft. center located along Columbia Mall Drive, has spaces available from 391 sq.ft. to 80,000 sq.ft. Sears, The Bon-Ton and JCPenney anchor the center. Cotenants include Famous Footwear, Auntie Anne’s, Nail Glamour, Gordon’s Jewelers, Maurices, Bath & Body Works, GameStop, MasterCuts, Keyboard World, FYE, Deb, GNC, Claire’s, Sprint, Littman Jewelers, RadioShack, Hallmark, Victoria’s Secret, Gap, HMSC, Christopher & Banks, Payless ShoeSource, Pearle Vision Express and Schuylkill Valley Sports. Area demographics
Pennsylvania
Pennsylvania
include a population of 207,239 within 20 miles earning $38,580 as the median household income. Carlisle – The Point at Carlisle Plaza, a 256,941 sq.ft. center located at the intersection of York Road and Giant Lane, has spaces available from 700 sq.ft. to 3,000 sq.ft. The Bon-Ton and Lowe’s Home Improvement anchor the center. Cotenants include Dunham’s Sports, Nail Glamour, Bath & Body Works, RadioShack, Quiznos, Kay Jewelers, F&M Trust, Claire’s, Hallmark, Jo-Ann Fabrics, Burger King and OfficeMax. Area demographics include a population of 46,464 within five miles earning $53,607 as the median household income. York – York Marketplace, a 305,410 sq.ft. center located at the intersection of Memory Lane and Lincoln Highway/East Market Street, has spaces available of 1,223 sq.ft. and 8,033 sq.ft. Lowe’s Home Improvement and Giant anchor the center. Cotenants include Lube Mart, Fulton Financial, OfficeMax, Starbucks, Verizon Wireless, Holiday Hair, Pro Nail, GameStop, Floor N More, Hollywood Tans, Payless ShoeSource, Super Shoes, Fashion Bug, Oreck XL, USA Optical
and Red Lobster. Area demographics include a population of 136,087 within five miles earning $52,873 as the median household income. The average daily traffic count is 24,000 vehicles. For details, contact Cedar Realty Trust, Inc., 44 South Bayles Avenue, Port Washington, NY 11050; 856-2188677, Fax 856-218-8678; Web site: www.cedarshoppingcenters.com.
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Middletown – Mid-Town Plaza, located along Main Street/State Route 20, has a 4,000 sq.ft. pad site with a drive-thru available. Giant anchors the center and cotenants include H&R Block, Midtown Pizza, Laundry Express, Midtown Pharmacy & Gift Shop, Dollar Tree, Aaron’s, PA Wine & Spirits and Puff ‘N Stuff. Area demographics include a population of 54,782 within five miles earning $74,083 as the average household income. The average daily traffic count is more than 28,000 vehicles. For details, contact Dale Mulartrick, Levin Management Corp.; 800-488-0768 Ext. 268; Email: dmulartrick@levinmgt.com; Web site: www.levinmgt.com. DM
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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 hvitaliano@rivercrestrealty.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 2,893 & 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
4,951 & 9,577 SF
VIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston Wytheville
Ridgeview Plaza Riverbend Garbers Crossing Mountainview Plaza Peppers Ferry Centre South Boston Wytheville Commons
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
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
3,341 SF