Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XLVII
Apparel Chains Expand Nationwide 10 Spot/Madrag operates 46 locations throughout CT, FL, MA, 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 enclosed malls and power and strip centers, in addition to urban/downtown 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 201-319-0111; Email: nathan@10spotplus.com; Web site: www.madragstores.com. Forman Mills, Inc. trades as Forman Mills at 30 locations in DE, IL, MD, MI, NJ, NY, PA and Washington, DC. The stores, offering off-price, family apparel, occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding, strip centers and urban/downtown locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Department of Real Estate, Forman Mills, Inc., 1070 Thomas Busch Memorial Highway, Pennsauken, NJ 08110; 856-486-1447, Fax 856-488-9641.
Dots, LLC trades as Dots at more than 415 locations throughout the northeastern, midwestern, southeastern and mid-Atlantic regions of the U.S., as well as in TX. The stores, offering discounted women’s apparel, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for 75 openings throughout the northeastern, midwestern, southeastern and southern regions of the U.S. during the coming 18 months. Typical leases run five years with three, five-year options. Preferred cotenants include grocery stores, Target and Walmart. Preferred demographics include a population of 75,000 within three miles earning $45,000 to $55,000 as the average household income. For more information, contact John Clark or Kyle Koenig, Dots, LLC, 30300 Emerald Valley Parkway, Glenwillow, OH 44139; 440-349-7040, Fax 440-349-7004; Emails: realestate@dots.com and kkoenig@dots.com; Web site: www.dots.com. Magawad, Inc. trades as 4M Fashions at eight locations throughout NJ and NY. The stores, offering dress and casual apparel for men and children, occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. in malls. Growth opportunities are sought throughout Atlanta, GA and Charlotte, NC during the coming 18 months. Typical leases run five years with a five-year option. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. (continued on page twenty-six)
This issue contains information on:
* Retailers operating 66,172 locations with plans to open 2,664 sites * Real estate valued in excess of $290.2 million to be bought, sold & financed * Leasing activity on over 16.2 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
December 9, 2011
Featuring ICSC New York National Conference Observations & Conversations....... Profiles Ascena Retail Group, Inc.............. Sabre Real Estate Group, LLC........ Cohen Commercial Properties.......... New Construction Brixmor Property Group preleasing a 425,000 sq.ft. strip center in Riverhead, NY.............................. Buyers and Sellers Rivercrest Realty Investors looks to acquire grocery-anchored centers Openings Whole Foods Market projects up to 32 store openings during 2013 Lease Signings Breslin Realty inks deal with Burlington Coat Factory for 80,000 sq.ft. in Philadelphia, PA.............. Supermarket Chains Expand Delhaize Group continues expansion of its supermarket concepts throughout the Northeast Food Retailers Expand Firebirds Wood Fired Grill plans to enter NJ.................................... Exclusives KeyPoint Partners, LLC appointed property manager and leasing agent for 475,000 sq.ft. center in NH....... Home-Related Chains Expand Gothic Cabinet Craft seeking sites in New York, NY metro area........ Sources of Financing Pennrose Properties lands $30.5 million in financing to develop a center in NJ............................... In the News S.L. Nusbaum Realty Co. named Read F. Goode, Jr. regional director of its Richmond, VA office............. Lead Sheet Children of America plans to enter CT Vans plans to open as many as 20 footwear stores annually............... Space Place.................................. ICSC NY Conference Floor Plan Most Valuable Players..................
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