Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVII No. XLVII
December 7, 2012
FEATURING
Apparel Chains Expand Nationwide 10 Spot / Madrag operates 52 locations throughout CT, FL, MA, MD, NJ, NY, PA and RI. The stores, offering women’s, juniors’ and plus-size apparel at popular price points, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in power and strip centers, enclosed malls and urban areas. Plans call for eight to 12 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include supermarkets. Preferred demographics include a population of 100,000 within three miles earning $35,000 to $50,000 as the average household income. For more information, contact Nathan Hoffman, 10 Spot / Madrag, 30 Seaview Drive, Secaucus, NJ 07094; 201-319-1400 Ext. 118, Fax 201-3190111; Email: nathan@10spotplus.com; Web site: www.madragstores.com. Burlington Coat Factory Warehouse operates 500 stores nationwide and in Puerto Rico. Offering apparel for the family, footwear and home décor items, the stores occupy spaces of 50,000 sq.ft. to 70,000 sq.ft. in malls and power, specialty and strip centers. Growth opportunities are sought throughout the northeast, southeast and southwest regions, as well as all major markets in the U.S. during the coming 18 months. For more information, contact Michael Shanahan, Burlington Coat Factory Warehouse Corp., 1830 Route 130 North, Burlington, NJ 08016; 609-387-7800.
Dress Barn, Inc. trades as dressbarn at 840 locations throughout 48 states nationwide. The stores, offering career and casual apparel and accessories for women, in the 35 to 55 age bracket, occupy spaces of 7,500 sq.ft. in malls and power, strip, lifestyle, tourist, outlet and regional and community shopping centers, as well as downtown areas. Plans call for 30 to 40 openings nationwide during the coming 18 months. Preferred cotenants include grocery stores, discount department stores, fashion and soft goods retailers. Preferred demographics include a trade area population earning $55,000 as the median household income. Maurices, Inc. trades as Maurices at 825 locations nationwide. The stores, offering women’s casual, career and dress apparel and accessories, occupy spaces of 5,000 sq.ft. in malls and lifestyle, outlet, power, community and strip centers. Plans call for 35 to 50 openings nationwide during the coming 18 months. Preferred cotenants include JC Penney, Macy’s, Kohl’s, Target and Walmart. Tween Brands, Inc. trades as Justice at 900 locations nationwide throughout 46 states, and in Puerto Rico and Canada. The stores, offering apparel and accessories for girls ages seven to 12 years old, occupy spaces of 4,000 sq.ft. in malls and community, lifestyle, outlet and power centers. Plans call for 40 to 50 openings nationwide during the coming 18 months. Charming Shoppes, Inc. trades as Catherines at 425 locations nationwide. (continued on page twenty)
This issue contains information on: • Retailers operating 70,125 locations with plans to open 5,340 sites • Real estate valued in excess of $312 million to be bought, sold & financed • Leasing activity on over 28 million sq.ft. of retail properties Postmaster: Periodical ews
N rtant dite Impo se Expe Plea
ICSC New york national Conference New Construction Winick Realty Group, LLC preleasing retail project in Long Island City, NY........................... Pg. 4 Observations & Conversations
Pg. 6
Profiles Katz & Associates Corp............... Pg. 8 The Shopping Center Group....... Pg. 10 DJM Realty................................. Pg. 12 Buyers & Sellers The Sutton Cos. sells center in Gouverneur, NY......................... Pg. 14 Who’s Opening & Where T.J. Maxx to open in Bronx, NY during 2014................................ Pg. 16 Food Retailers Expand Smashburger aggressive in NJ..... Pg. 22 Home-Related Chains Expand Room & Board to enter NJ.......... Pg. 24 Exclusives Winick Realty reps New York Burger Co................................... Pg. 28 Lease Signings CB Richard Ellis inks DSW deal in AZ.......................................... Pg. 34 Sources of Financing Cohen Financial closes $52 million loan................................ Pg. 34 Making The News LMS Commercial Real Estate grows......................................... Pg. 34 Lead Sheet Children of America to enter CT and FL........................................ Pg. 53 Space Place................................ Pg. 61 ICSC NY Conference Floor Plan Pg. 70 Most Valuable Players................ Pg. 96
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