Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XLVII
December 6, 2013
FEATURING home-related Chains Expand Nationwide La-Z-Boy operates 314 locations nationwide and in Canada. The home furnishings stores, offering chairs, recliners, sofas, sectionals and outdoor furniture, occupy spaces of 12,000 sq.ft. to 18,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Chicago, IL and northwestern IN during the coming 18 months, with representation by Edgemark Commercial Real Estate. For more information, contact Matthew Smetana, Edgemark Commercial Real Estate, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-472-1010, Fax 630-472-1019; Email: msmetana@edgemarkllc.com; Web sites: www.edgemarkllc.com and www.la-z-boy.com. VNS Corp. trades as Choo Choo Build-It-Mart, Wholesale Building Products, Bestline Sash & Door, Charlie’s Discount Building Materials, Trussmart Building Components, LLC and Procon Construction Services, LLC at 13 locations throughout GA. The company provides building products and construction services and occupies freestanding locations of 5,000 sq.ft. to 25,000 sq.ft. Growth opportunities are sought throughout the southeastern region of the U.S. during the coming 18 months. For more information, contact Gary Campbell, VNS Corp., PO Box 1659, Vidalia, GA 30474; 912-537-8964, Fax 912-537-4839; Email: ceo@vsncorp.com; Web site: www.vnscorp.com.
Rocky’s Hardware & Home Center operates 33 locations throughout CT, FL, MA, NH and RI. The stores, offering hardware, tools, outdoor products and building materials, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 25,000 within two miles earning $75,000 as the average household income. Major competitors include Home Depot and Lowe’s Home Improvement. For more information, contact Rocco Falcone, Rocky’s Hardware & Home Center, 40 Island Pond Road, Springfield, MA 01118; 413-7811650 Ext. 300, Fax 413-304-8001; Email: info@rockys.com; Web site: www.rockys.com. Fuller & Son Hardware trades as Fuller & Son Hardware & Lumber at five locations throughout Little Rock, AR. The hardware stores, also featuring a lumber yard, occupy spaces of up to 10,000 sq.ft. in strip centers. Growth opportunities are sought throughout AR during the coming 18 months. For more information, contact J.R. Fuller, Fuller & Son Hardware, 7311 Baseline Road, Little Rock, AR 72209; 501-562-2345, Fax 501562-2271; Web site: www.fullerandson.com. (continued on page seven)
This issue contains information on: • Retailers operating 35,525 locations with plans to open 1,893 sites • Real estate valued in excess of $56 million to be bought, sold & financed • Leasing activity on over 2.8 million sq.ft. of retail properties Postmaster: Periodical ews
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national focus New Construction Horne Properties preleases center in Knoxville, TN............... Pg. 3 Buyers and Sellers Cambridge Capital Advisors closes sale of center.................... Pg. 4 Who’s Opening and Where Orange Leaf Frozen Yogurt plans major expansion......................... Pg. 5 Hibbett Sports to open up to 75 stores.......................................... Pg. 5 Food Chains Expand Arby’s to grow in the Carolinas.... Pg. 6 Making The News First Western properties taps vice president of investment sales...... Pg. 7 Sources of Financing Lease Resolutions focused on sale leasebacks........................... Pg. 7 Lease Signings Goodman Real Estate Services inks deal with Field & Stream..... Pg. 8 Argent Retail Advisors signs a lease with Anna’s Linens............ Pg. 8 Exclusives Levin takes on more management assignments................................ Pg. 8 Lead Sheet iPic Theaters to enter NJ............. Pg. 10 Petland Discount plans six openings..................................... Pg. 11 Theisen’s Home Farm Auto to enter the IL and WI markets........ Pg. 12 Elements Massage plans 70 new locations..................................... Pg. 12 Space Place................................ Pg. 14