Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXV No. XLVI
December 3, 2010
Home-Related Chains Expand Nationwide Northern Tool & Equipment Co., Inc. trades as Northern Tool & Equipment at 65 locations throughout FL, GA, IA, KS, MN, NC, ND, SC, TN, TX, VA and WI. The stores, offering tools and power equipment, occupy spaces of 14,000 sq.ft. to 25,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets, as well as AL, KY, NE and OK, during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 350,000 within 30 miles earning $48,000 to $80,000 as the average household income. A land area of two acres is required for freestanding locations. For more information, contact Brent Obert, Northern Tool & Equipment Co., Inc., 2800 Southcross Drive West, Burnsville, MN 55306; 952-808-6629, Fax 952-641-2503; Email: brent.obert@northerntool.com; Web site: www.northerntool.com. Ranchview Floral & Interiors operates two locations in KS. The stores, offering furniture, Oriental rugs, lamps, silk flowers, accessories and gourmet baskets, occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the Kent City area of KS during the coming 18 months. For more information, contact Tim Cipolla, Ranchview Floral & Interiors, 3885 West 95th Street, Leawood, KS 66206; 913649-7222, Fax 913-649-7260; Web site: www.ranchviewfloral.com.
Lalique operates seven locations throughout CA, IL, NY and TX. The stores, offering fine crystal items, occupy spaces of 900 sq.ft. in upscale downtown areas and malls. Plans call for two openings in San Francisco, CA; Miami, FL; Boston, MA; Dallas, TX or Washington, DC during the coming 18 months, with representation by The Greenberg Group. Preferred cotenants include Chanel, Dior, Neiman Marcus and Saks Fifth Avenue. For more information, contact Steven B. Greenberg, The Greenberg Group, 1200 West Broadway, Hewlett, NY 11557; 516295-0406, Fax 516-374-0999; Email: sgreenberg@thegreenberggroup.com; Web site: www.thegreenberggroup.com. The Sherwin Williams Co. (Midwestern Division) trades as Sherwin-Williams at 889 locations throughout the midwestern and northwestern regions of the U.S. The stores, offering paint and related products, occupy spaces of 4,000 sq.ft. and 4,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run five to 10 years with options. The company prefers submittals to be sent via email. For more information, contact Jeff Light, The Sherwin Williams Co. (Midwestern Division), 11410 Alameda Drive, Strongsville, OH 44149; Email: jhlight@sherwin.com. (continued on page ten)
This issue contains information on:
* Retailers operating 63,009 locations with plans to open 5,824 sites * Real estate valued in excess of $544.8 million to be bought, sold & financed * Leasing activity on over 6.5 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring Post-Show ICSC Texas Conference New Construction The Woodmont Co. is developing a 40-acre mixed-use project in Odessa, TX............... Pg. 3 Openings Jos. A. Bank Clothiers, Inc. to open 175 stores nationwide...... Pg. 4 H&M to open a 24,000 sq.ft. store in Dallas, TX.................... Pg. 7 Buyers and Sellers Nassimi Realty, LLC looks to acquire properties throughout NJ, NY and PA.......................... Pg. 5 In the News Jones Lang LaSalle hired Douglas Rodio and James Galbally as vice presidents....... Pg. 6 Lease Signings Kowit & Passov Real Estate Group negotiated a ground lease with Kohl’s in Alliance, OH........................................... Pg. 6 Inland Real Estate Corp. finalized a lease with Gordmans in Algonquin, IL........................ Pg. 8 Exclusives Velocity Retail Group represents retailers throughout AZ, CA, CO and NM.................................... Pg. 8 Food Retailers Expand Shari’s Restaurants seeking locations throughout CA, ID, NE, OR, WA and WY............... Pg. 9 Sources of Financing Salem Financial Group provides financing for retail, multifamily, residential and hospitality properties worldwide................ Pg. 10 Lead Sheet Mori Luggage & Gifts, Inc. plans to enter into the VA market....... Pg. 13 Five Below to enter into IL, IN and WI markets........................ Pg. 14 Space Place.............................. Pg. 16
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