Dealmakers Magazine | December 11, 2009

Page 1

Reporting The Nation’s Weekly News on Retailing & Retail Real Estate

Volume XXIV No. XLVII

December 11, 2009

Apparel Chains Expand Nationwide 10 Spot / Madrag operates 40 locations throughout CT, FL, MA, NJ, NY, PA and RI. The stores, offering discounted women’s plus size and juniors’ apparel, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in malls, urban/downtown areas and power and strip centers. Growth opportunities are sought 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.10spotplus.com. My Suit operates two locations in New York and White Plains, NY. The stores, offering tailored suits for men, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in downtown areas. Growth opportunities are sought throughout the Financial District, Rockefeller Center and Columbus Circle areas in New York, NY during the coming 18 months, with representation by Winick Realty Group. For more information, contact Young Byunn, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-7922645; Email: young@winick.com; Web site: www.mysuitny.com.

Dots, LLC trades as Dots at 400 locations throughout the Northeast, Midwest, Southeast and Mid-Atlantic, as well as TX. The stores, offering women’s apparel at affordable prices, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for 50 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. A vanilla shell is required. Preferred cotenants include grocery stores, Target and Walmart. Preferred demographics include a population of 90,000 within three miles earning $45,000 to $55,000 as the average household income. For more information, contact John Clark, Dots, LLC, 30300 Emerald Valley Parkway, Glenwillow, OH 44139; 440-349-7744, Fax 440-349-7004; Emails: realestate@dots.com, jclark@dots.com and kkoenig@dots.com; Web site: www.dots.com. Griffin 88 Stores, Inc. trades as Hi-Lites at 15 locations throughout NC and SC. The stores, offering women’s and juniors’ sportswear, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in urban/downtown areas and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Todd Griffin, Griffin 88 Stores, Inc., PO Box 88, Polkton, NC 28135; 704-272-8021, Fax 704-272-8028. (continued on page forty)

This issue contains information on:

* Retailers operating 30,448 locations with plans to open 2,971 sites * Real estate valued in excess of $122.32 million to be bought, sold & financed * Leasing activity on over 16.744 million sq.ft. of retail properties

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Featuring ICSC New York National Conference New Construction M&M Realty Partners is redeveloping a center in Brick, NJ................................ Pg. 4 Observations & Conversations Pg. 6 Profile|The Feil Organization Pg. 8 Profile|Ziff Properties, Inc..... Pg. 10 Buyers & Sellers Pyramid Brokerage Co. is selling four properties in Baldwinsville, NY.................. Pg. 12 Food Retailers Expand Amorino Gelato looks for sites in Manhattan, NY.................. Pg. 14 Openings 7-Eleven looks for sites throughout CA and NY.......... Pg. 16 Exclusives Charter Realty & Development named exclusive leasing agent for Walpole Mall in Walpole, MA......................... Pg. 24 In The News SRS Real Estate Partners hired Greg George as a vice president Pg. 28 Lease Signings Cedar Shopping Centers negotiated three leases with Giant Food Stores.................. Pg. 28 Space Place........................... Pg. 56 Lead Sheet AutoZone looks for sites nationwide............................ Pg. 69 Basis plans to open in Manhattan, NY...................... Pg. 72 NY National Conference & Deal Making Floor Plan........ Pg. 76 Most Valuable Players........... Pg. 100

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New Construction RD Management, LLC is preleasing the second phase of Midway Shopping Center, a 280,353 sq.ft. center located at the intersection of University Avenue and Snelling Avenue in St. Paul, MN. Tenants include Rainbow Foods, OfficeMax and Walgreens. The company is also redeveloping Billerica Shopping Center, a 275,000 sq.ft. demalling project located at the intersection of Route 3A/Boston Road and Tower Farm Road in Billerica, MA. Kmart and DeMoulas Supermarket anchor the center. Anchor space is available. The company is also preleasing Vineland Marketplace, a 273,657 sq.ft. project located at the intersection of Route 47/Delsea Drive and College Drive in Vineland, NJ. Inline spaces and outlots are available. The company is also preleasing Orangeburg Commons, a mixed-use project located at the intersection of Route 303 and Palisades Parkway in Orangetown, NY. Anchor and shop spaces are available along with pad sites. Area retail includes Lowe’s Home Improvement. For more information, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. Fox Properties is preleasing Piemonte Place, a 62,000 sq.ft. mixed-use center located at the intersection of Ranch Road 620 and Round Mountain Drive in Lakeway, TX. Area retail includes Kids R Kids, WaMu, Taco Bell, Sonic Drive-In, Taco Bell, Starbucks, U.S. Postal Service, Wachovia Bank, Whataburger, CVS, Randall’s, Walgreens and Bank of America. Area demographics include a population of 52,208 within a seven-mile radius earning an average household income of $131,733. Shop spaces and build-to-suit opportunities are available. The company is also preleasing The Shops at Keith Harrow, an 89,020 sq.ft. center located at the intersection of Fry Road and Keith Harrow Boulevard in Houston, TX. Area demographics include a population of 252,364 within a seven-mile radius earning an average household income of $85,134. The average daily traffic count is 30,020 vehicles. For more information, contact Amanda Fox, Fox Properties, 1177 West Loop South, Suite 1670, Houston, TX 77027; 713-622-2007, Fax 713-993-0103; Email: amanda@fox-properties.net; Web site: www.fox-properties.net. For additional information regarding Piemonte Place, contact Carter Perrin, WCF Development; 713-993-0123, Fax 713-993-0103; Email: carter@wcfdevelopment.com. For additional information regarding The Shops at Keith Harrow, contact Kevin Kuklis; Email: kevin@wcfdevelopment.com. page 4

December 11, 2009

The

R.J. Brunelli & Co., Inc. is preleasing Summerhill Square, a 193,600 sq.ft. center located in East Brunswick, NJ. Spaces from 1,200 sq.ft. to 60,000 sq.ft. are available. The company is also preleasing The Commons at Marlboro, a 75,000 sq.ft. project located in Marlboro, NJ. Spaces are available from 2,000 sq.ft. to 54,000 sq.ft. The company is also preleasing a 30,000 sq.ft. project located in Toms River, NJ. Spaces from 1,500 sq.ft. to 10,000 sq.ft. are available. The company is also preleasing Woodhaven Plaza, a 117,800 sq.ft. project located in Old Bridge, NJ. Spaces from 1,500 sq.ft. to 80,000 sq.ft. are available. For more information, contact R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732721-5800, Fax 732-721-9241; Web site: www.njretailrealty.com. M&M Realty Partners is redeveloping Metedeconk Village, located at the intersection of Pier Avenue and Route 70 in Brick, NJ. Area demographics include a population of 477,259 within a 10-mile radius earning an average household income of $80,222. For more information, contact M&M Realty Partners, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900, Fax 732-985-5588. The Woodmont Co. is redeveloping a 62,016 sq.ft. former Albertson’s site located at the intersection of Texas Avenue and Avondale Road in Bryan, TX. Area retail includes Kroger, Hastings, Family Dollar, H-E-B, Jo-Ann Fabrics, Walmart Supercenter, Citi Trends, Beall’s, Dollar General, Lowe’s Home Improvement and Payless ShoeSource. Area demographics include a population of 143,086 within a five-mile radius earning an average household income of $38,188. The average daily traffic count is 20,410 vehicles. For more information, contact Trip Green, The Woodmont Co., 2100 West 7th Street, Ft. Worth, TX 76107; 817-377-7763, Fax 817735-4738; Email: tgreen@woodmont.com; Web site: www.woodmont.com. Nassimi Realty, LLC is developing a 300,000 sq.ft. shopping center located along Parkway Avenue in Ewing Township, NJ. Area demographics include a population of 304,046 within a five-mile radius earning an average household income of $86,022. For more information, contact Nassimi Realty, LLC, 7 Penn Plaza, Suite 1700, New York, NY 10001; 212-6438080, Fax 212-643-2626; Web site: www.nassimirealty.com. Dealmakers

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Lockard Development is developing Renaissance Square, a 460,000 sq.ft. power center with 13 outparcels situated on 67 acres at the intersection of Highway 287 and Berry Street in Ft. Worth, TX. Area demographics include a population of 228,685 within a five-mile radius earning an average household income of $51,509. The average daily traffic count is 67,601 vehicles. For more information, contact David P. Wilson, Lockard Development; 817-332-5100; Email: dwilson@lockardonline.com. (continued on page eighteen)

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............................................ Nicholas Hamner nicks@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder..................................................... Ted Kraus 1979–2007

The Dealmakers TM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. 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 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2009 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.


THE SHOPS AT THE SHOPS AT THE SHOPS THE SHOPS AT THE AT SHOPS AT THE SHOPS AT WHERE THE HEIGHTS MEETS THE HARBOR WHERE THE HEIGHTS MEETS THE HARBOR

A BETTER WAY TO PARK AND SHOP A BETTER WAY TO PARK AND SHOP A BETTER WAY PARK AND SHOP A BETTER AWAY BETTER TO TO PARK WAY TO ANDPARK SHOP AND SHOP A BETTER WAY TO PARK AND SHOP WHERE THE HEIGHTS MEETS THE HARBOR WHERE THE HEIGHTS MEETS THE WHERE HARBOR THE HEIGHTS MEETS THE HARBOR WHERE THE HEIGHTS MEETS THE HARBOR

BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION. THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARKHEIGHTS WITH OVER 500 PUBLIC PARKING SPACES. AT THEDESTINATION. HEART OF THIS BROOKLYN NEWEST WATERFRONT SHOPPING NEW COMMUNITY COMPLEX IS PRIME ENCOMPASSES RETAIL OVERLOOKING THE MANHATTAN SKYLINE. THIS SPECTACULAR OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.

BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION. BROOKLYN HEIGHTS NEWEST BROOKLYN WATERFRONT HEIGHTSSHOPPING NEWEST WATERFRONT DESTINATION. SHOPPING DESTINATION. THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS

THIS SPECTACULAR THIS ENCOMPASSES SPECTACULAR OVERCOMPLEX 400 RESIDENCES ENCOMPASSES AND AT A LUXURIOUS OVER RESIDENCES 85 ACRECOMPLEX PARK WITH OVER 500 PUBLIC PARKING SPACES. THE 400 HEART OF THIS AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 85ISPUBLIC ACRE PARK PARKING WITH SPACES. OVER 500 ATPUBLIC THE HEART PARKING OFDESTINATION. THIS SPACES. AT THE HEART OF THIS NEW COMMUNITY PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE. BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING NEW COMMUNITY IS PRIMENEW RETAIL COMMUNITY OVERLOOKING IS PRIME THE RETAIL MANHATTAN OVERLOOKING SKYLINE.THE MANHATTAN SKYLINE. THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.

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A LT H O U G H A L L I N F O R M AT I O N R E G A R D I N G P R O P E R T Y F O R S A L E , R E N TA L O R F I N A N C I N G I S F R O M S O U R C E S D E E M E D R E L I A B L E S U C H I N F O R M AT I O N H A S N O T B E E N V E R I F I E D , A N D N O E X P R E S S R E P R E S E N TAT I O N I S M A D E N O R I S A N Y T O B E I M P L I E D A S T O T H E A C C U R A C Y T H E R E O F, A N D I T I S S U B M I T T E D S U B J E C T T O E R R O R S , O M I S S I O N S , C H A N G E O F P R I C E , R E N TA L O R O T H E R C O N D I T I O N S , P R I O R S A L E , L E A S E O R F I N A N C I N G , O R W I T H D R A W A L W I T H O U T N O T I C E .


Observations & Conversations The baseline for retail sales, market rents, LTVs and the feasibility of new construction projects has shifted and the historical expectations of growth have dissipated from setting records year after year to the current state of acceptance that the boom is over and moderate growth to flat sales are the new norm. 2009 - the year of the trade-down economy, cheap skate shoppers from all economic levels, flat is the new up, TARP, a year in suspended animation... And 2010, hopefully the turning point to good times ahead! The retail and retail real estate industries have gone through life altering changes in the past two years. The baseline for retail sales, market rents, LTVs and the feasibility of new construction projects has shifted and the historical expectations of growth have dissipated from setting records year after year to the current state of acceptance that the boom is over and moderate growth to flat sales are the new norm. 2008 set the precedent as the worst holiday season since 1966 and analysts are all over the board with predictions of this year’s Christmas sales. Two major factors that will affect 2009 holiday retail sales is that 1) there are 18% less credit cards in circulation today versus a year ago and 2) unemployment is at a 26-year high with the national average hovering around 10%, with some areas seeing as much as 15% unemployment rates. My hunch is that 2009 holiday sales will fall between -1% to -2% and that will create even more vacancies during the first half of 2010. (If you don’t like my spread, then you should check out Bookmaker. com - they have an online bet for what the average expenditure will be and how many shoppers will be out on Black Friday. I’m not making this up!) Considering all the bad news our industry has been dealt in the past few years, often I think about opening a 900 number Crisis Hotline for retailers, leasing agents, developers and lenders so they can vent. (Even at $10 a minute, it would be less money than paying for shrink or a divorce attorney.) I read an article headlined “Last Business Standing” and the writer explained that many retailers that are still in business have survived because their competition didn’t. Think about it, if Linens ‘N Things was still open, what would sales be like at Bed, Bath & Beyond; if Circuit City and Tweeter hadn’t bitten the dust, how well would Best Buy be doing, etc., etc. Next year, retailers will have even less competition as Borders closes 200 Walden Books, Transworld is shutters 125 f.y.e. locations, Blockbuster closes 900 units and Carlyle & Co. shutters its entire 104-unit chain of jewelry stores. These store closings were announced before the 2009 holiday season even began, so brace yourself for the reality that we might see vacancy rates soar during the first half of 2010. The good news is that the balance sheets of the 2010 retail survivors should be strong and by 2011 or 2012, they’ll be on track to open all the good deals they’ve been negotiating during one of the most opportunistic times in decades to find cheap rent. I read a quote that sums up 2009. Richard Green, director of the USC Lusk Center for Real Estate, said, “We need to take the hurt and move on. People who have moved on see an opportunity.”

DownEast Basics, a 43-unit chain selling basic clothing lines at moderate price points for women and girls. The company just entered the Nevada market and plans to open more locations in the state. Considering Nevada has been amongst the hardest hit states, DownEast Basic’s has the right timing to lock up good sites at the right rent. Retailers and developers are blurring the lines by joining economic forces to fill space and generate sales. The owners of Lormax Stern Development Co. had a vacant Steve & Barry’s in their mall, so they opened their own store, called Wear District, using 27,000 sq.ft. Wear District now operates four stores in Michigan selling name brand apparel at deep discounts. Another concept being launched because of these opportunistic times is Chelsea Manor Intimates. Its parent company, Salem Holdings partnered with Westfield to grow the chain to five units in Southern California next year followed by another 70 units projected to open during 2013. We’ve also seen a few retailers jump into the IPO arena this year in order to raise cash for future store growth. Dollar General, rue21 and Vitamin Shoppe were all well received by investors on Wall Street in the past month, which raises more glimmers of hope. I’m also seeing more prospectuses to invest in start-up retail concepts in the past few months than I have in the last two years combined, which is another good sign that growth is in the future. More and more retailers are using the downturn to enter new markets at favorable terms. Just a few examples include Wakefern, as a means to stretch its supermarket chain’s geographic coverage, is looking at markets in New England, hhgregg is taking on several new markets since Circuit City’s demise left some holes and Variety Wholesalers, a southeastern chain of general merchandise stores is looking at the Philadelphia market. Times may be challenging and general rules of thumb may no longer apply, but that doesn’t mean that you can’t do deals if you are intent on making opportunities happen. I’m also seeing buyers starting to actually close on retail acquisitions rather than just kicking tires. However, the acquisition side of our business remains constipated and there’s no one in a hurry to buy, but I expect around 2013, we’ll see lots of activity of buyers and sellers, along with more opportunities from lenders. Since this is my last column for 2009, I want to wish all of you Happy Holidays and a prosperous New Year! It’s important to take some time to reflect on the good parts of our business and life in general. I know all the “BS” that we all put up with in the normal course of our workday sometimes makes it seem like there is little to be thankful for. But, when I spend the day looking at sites with “real” people that can share a joke or a life story or when I’m at a show and I get to catch up with old friends or when one of the folks on my staff makes me laugh right before I’m about to throw my phone or computer out the window, those are small things that keep an element of humor and sanity to our business. On the personal side of life, I’m so lucky to have incredible friends and people that love me in spite of myself! Everyday, I’m thankful that I have the opportunity to enjoy life and to live well. Again, I hope you have a wonderful holiday and an incredible 2010.

In my honest opinion, not only do they see opportunities, but they make them. A company that’s capitalizing on real estate opportunities is

Ann O’Neal, Publisher page 6

December 11, 2009

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Profile — A monthly column featuring retail real estate companies The Feil Organization — Seeing a bright future through today’s clouds by Nicholas Hamner The Feil Organization was founded more than 50 years ago when Louis Feil, then a furrier, began a money-lending business as a factor, making loans within the clothing industry. Later, he started lending into the real estate industry and eventually began to acquire real estate throughout New York, NY. Today, from its headquarters along Penn Plaza in Manhattan, NY, the company remains a private lending source and is active in acquisitions, development and property management. The company oversees a portfolio of retail, commercial and residential properties with a total GLA in excess of 25 million sq.ft. Jeffrey J. Feil serves as the company’s chief executive officer and oversees a Manhattan team including Jay I. Anderson, chief financial officer and executive vice president; Andrew S. Ratner, executive vice president; Brian Feil, vice president of leasing and Randall Briskin, director of leasing along with Feil offices in Chicago, IL and Metairie, LA. The Louisiana office is headed up by Glen Wilson, who oversees the company’s shopping mall portfolio. Ratner oversees the company’s property management and construction management subsidiaries. Briskin and Brian Feil work on leasing and development within the company’s strip center and net leased property portfolio, which presently contains more than 12 million sq.ft. of NNN and retail center properties. The Feil Organization is the entity used for all retail properties, with the company’s other services handled through subsidiaries including Jeffery Management Corp. and Broadwall Management Corp. Brian Feil, representing the third generation of the family in the business, says, “Almost all of our retail business is conducted in house,” with Briskin adding, “Very little of our business is outsourced.” The company recently completed a redevelopment and expansion of Lakeside Shopping Center, located in Metairie, LA just outside New Orleans. Briskin says, “We just added and opened a three-level Macy’s with a parking deck as a third anchor.” The mall, located at the intersection of Veterans Memorial Boulevard and Causeway Boulevard, now features a GLA of 1.154 million sq.ft. and Macy’s joined existing anchors JCPenney and Dillard’s. Future projects for the company include Carrollton Central Plaza, located along Interstate 10 in New Orleans, LA. Briskin says, “We are just getting this project off the ground. We held the center even before Hurricane Katrina hit

the area, and it has taken the city some time to decide what it wanted the property to become.” Feil says, “The property was a community strip center and we are planning on converting it to a big-box power center.” The two note that the center is located at one of the most trafficked intersections in New Orleans. The company is also retenanting a 700,000 sq.ft. center in Levittown, NY, filling vacancies left by Linens ‘N Things and another anchor. Briskin says, “Losing the tenants we did provided us an opportunity to retenant and remerchandise the center a bit. We are bringing in Michaels and are in talks with a health club, for the majority of the remaining space. We still have about 23,000 sq.ft. that we can use for a junior anchor or divide into shop spaces.” The company has also taken a co-management opportunity at Bakery Square in Pittsburgh, PA. The mixed-use development will feature a Springhill Marriott hospitality component, a health club, a 300,000 sq.ft. office component and a 135,000 sq.ft. retail component, which the company is currently seeking moderate and mid-price regional and national tenants. Feil says, “With mixed-use centers like Bakery Square, we have learned that it is very important to the office and hospitality tenants to have a mix of regional and national tenants, along with one or two food tenants.” Adds Briskin, “With the economy where it is, a lot of high-end national tenants have slowed their expansion plans, providing opportunities for moderate-price retailers to aggressively expand into centers, like Bakery Square, they would not normally consider due to rent constraints.” All components of the project are slated to open during June 2010.

Carrollton Central Plaza | New Orleans, LA

With an owned retail portfolio GLA in excess of 12 million sq.ft., The Feil Organization is an experienced property manager, and the company has begun to use that experience in third-party situations. Briskin says, “We have been presented with opportunities to take over centers that have come back into the lender’s possession, and in a few instances have had a property come back on a loan we have made.”

He notes the care the company takes in choosing what assignments it takes on. He says, “We like to be as nimble in making decisions with a managed property as we are with a property we own, which requires a level of autonomy that some property owners are not comfortable with. We are very selective in taking on thirdparty management assignments.”

Nassau Mall | Crescent Plaza Levittown, NY

Nimbleness is a quality that the company places a great importance on. Briskin says, “Being nimble allowed us to excel as a private company as the economy and business environment became increasingly hostile. We were able to move quickly on acquisition opportunities and to address our tenants’ and clients’ needs and concerns.” It is also a quality it sees as a driving force for success across the industry in the coming years. Feil says, “In every downturn, there are retailers that are able to move quickly to take advantage of what opportunities are there and emerge with innovations that allow them a commanding position as things start to recover.” As signs of economic recovery begin to emerge, the company is cautiously optimistic. Feil says, “We are historically an acquisitions firm, but few opportunities have emerged as of yet. There is still a gap between buyers and sellers, but the next five to 10 years should provide a wealth of opportunities for those positioned to take them.” Briskin says, “There is still a bright future for owning real estate.” For more information, contact Brian Feil or Randall Briskin, The Feil Organization, Seven Penn Plaza, New York, NY 10001; 212-563-6557, Fax 212-563-6657; Emails: bfeil@feilorg.com and rbriskin@feilorg.com; Web site: www.feilorg.com. DM

To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at ann@dealmakers.net. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd. page 8

December 11, 2009

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Proudly Serving Long Island, The Boroughs, Manhattan, New Jersey, and Connecticut 30 Years of Experience, Market Knowledge, and Relationships Hicksville

Ozone Park

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This information contained herein has been obtained from sources believed reliable. However, we have not verified it and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental and other conditions, prior sale, lease or financing, or withdrawal without notice. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and they may not represent the current or future suitability, availability or performance of the property. You and your tax and legal advisors should conduct your own investigation of any property and transaction. We may or may not have an exclusive or nonexclusive contractual relationship with the owner/landlord of a particular property; and if we do, such relationship shall be fully disclosed to you on a timely basis.

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Profile — A monthly column featuring retail real estate companies Ziff Properties, Inc. — Carolina company builds for the future while weathering the storm by Nicholas Hamner The general consensus around this industry is that now is a time to buy. Walk around any show and you will likely hear someone proclaim that this is a “buyer’s market.” Taking stock of what is on the market, whether you call around through your broker network or read through our Buyers & Sellers section that appears in every issue; it becomes readily apparent that the opportunities are not there. This lack of movement has forced many acquisition firms to sit on their hands and build their war chest. Ziff Properties, Inc. is one of these companies, and having weathered the recession, they are ready to grow. Ziff Properties, Inc. was founded in 1992 by Stephen Ziff and Tim Walter. The two had worked together at Lower East Side Redevelopment, an owner and operator of multifamily properties in Manhattan, NY, The Charleston team of which they sold Ziff Properties, Inc. in 1986. The two later crossed paths while obtaining Masters degrees at Columbia University, and kept in touch as Ziff entered into semi-retirement and travelled the world. In the early 1990s, the two began looking for a new venture and ended up in Charleston, SC. The company is now headquartered in Charleston and maintains offices in Savannah, GA as well as Charlotte and Wilmington, NC. With Ziff remaining semi-retired, Walter serves as the company’s chief executive officer and principal. He oversees a team including Chuck Bradbury, director of acquisitions; Tim Norton, director of leasing, and Dee Butler, chief financial officer. The company currently maintains a portfolio of 2.5 million sq.ft. of commercial property throughout Florida, Georgia, the Carolinas and Virginia. One of the draws to the Charleston area for Ziff and Walter was the opportunities present in the area, including the Cigar Factory, which was the company’s initial acquisition. Walter explains, “The Cigar Factory is a historic landmark building in Charleston. It was built in the late 19th Century, initially as a cotton mill, but had been the largest manufacturer of cigars in the U.S. until it closed in the 1960s. We bought it as a partially redeveloped project and turned it into a mixeduse center.” He notes that the company held the property for 12 years, selling it in 2004. Ziff Properties, Inc. is a long-term holder of properties it acquires. Walter says, “Since 1992,

when we acquired the Cigar Factory, we have owned 3.5 million sq.ft. of property and sold only one million sq.ft.” He says, “Once a property is in our portfolio, we physically improve and intensively manage the property to improve the quality of the tenancy and the level of free cash flow. Once the cash flow is improved, we re-finance the properties and return capital to investors.” He notes that the company is unique among value-added turnaround firms in that it buys to hold, buying for the cash flow created through improved management and selling when the property is fully-optimized or the company forecasts a downturn. Walter notes that the company prefers to acquire neighborhood centers that fit within the company’s value added discipline. He says, “We look for centers that have seen better days and are tired, with opportunities to improve the tenant mix and the physical appearance.” He notes that the centers the company looks for are priced between $5 million and $15 million, a range he says provides opportunities too complicated for private investors but also outside the coverage of institutional investors. He says, “We do have a good bit of properties with grocery anchors, including five Food Lion properties, but we do not necessarily look for anchored properties. With unanchored centers, we have found that there are more rent increase opportunities. Also, these centers eliminate the risk of ‘the gorilla going dark’.” With a business model that derives so much income from improving a property’s management and rental rates, Ziff Properties has become an experienced redeveloper of centers. Walter says, “One of the things we always look to improve is the tenant mix. Sometimes we can do that right away, but sometimes we need to make physical improvements to the property before we can attract new tenants.” He says the specific tenant mix and redevelopment strategy is entirely dependent on the property and its unique environment. One strategy the company has used to replace dark anchors on two of its properties is the placement of climate-controlled storage tenants in the spaces. He says, “These draw a fair share of traffic to a property and require very little modification to a site. Also, the bold, bright exterior designs most storage companies use, help draw attention to a property, which benefits all the property’s cotenants.” Though Ziff Properties, Inc. has an established acquisition criteria, the current economy has them sitting on their hands. Walter says, “As with most firms like ours, we are standing on the sidelines and building our war chest, waiting patiently for the necessary ingredients in the

market to return before we begin acquiring properties again.” He lists pessimistic occupancy projections, insufficiently-motivated sellers and poor financing terms as culprits of the down market. He says, “There is no value assessed for vacancies, right now, and few sellers are willing or able to take the large losses a sale would produce.” The company entered the recession with a 30% loan-to-value and a 2.6 debt coverage ratio. Walter says, “Like most other owners, our fundamentals are deteriorating. We are looking at another 12 to 18 months of tough lease negotiations and, once the curve stops descending and flattens, the company will bottom with debt at near 60% of value and a 2.10 debt coverage ratio.” The company is also streamlining operations within its offices, doing more with less and shifting human resources to leasing. He says, “With our conservative posture and our streamlining of operations, we feel we are well positioned going forward and will emerge as a smarter and more efficient organization.”

Village at Myrtle Grove | Wilmington, NC

Though a long-time acquisition firm, the company has dabbled in property development in recent years, developing and opening Myrtle Grove Shopping Center, a 300,000 sq.ft. center located in Wilmington, NC. Regarding the company entering the development field, Walter says, “We had to taste it. And we tasted it, and tasted it and tasted it. Myrtle Grove opened as the recession arrived and, though it has been a challenge, it has not materially affected us.” He notes that, along with much of the rest of the industry, the company is currently on the development sidelines. While the company is safely docked and building up its resources while it weathers the economic storm, its conservative posture and refined business practices have placed it in a position to succeed once the clouds break. For more information, contact Tim Walter, Ziff Properties, Inc., 200 Wingo Way, Suite 100, Mount Pleasant, SC 29464; 843-724-3500, Fax 843-724-3400; Email: twalter@zpi.net; Web site: D www.zpi.net. M

To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at ann@dealmakers.net. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd. page 10

December 11, 2009

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Commack New York COMMACK FLYER

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Owner/Manager Seven Penn Plaza, NY 10001 | feilorg.com Randy Briskin | rbriskin@feilorg.com 212 563 6557 x218

Visit us at 224 South Corridor at the ICSC NY Deal Making!


Buyers and Sellers Kin Properties is looking to acquire freestanding, single-tenant retail properties nationwide. Suitable properties feature GLAs between 3,000 sq.ft. and one million sq.ft. and tenants with at least three years remaining on the lease term. The company will also consider power centers and sale/ leaseback transactions. The company is also selling a 30,565 sq.ft. freestanding building located on Military Road in Benton, AR. The asking price is $750,000. The company is also selling a 4,500 sq.ft. freestanding building located on R Street in Merced, CA. The asking price is $295,000. The company is also selling a 28,660 sq.ft. freestanding building located on Bougainvillea Drive in Rockledge, FL. The asking price is $1.24 million. The company is also selling a 12,000 sq.ft. freestanding building located on Nampa Caldwell Boulevard in Nampa, ID. The asking price is $990,000. The company is also selling a 4,860 sq.ft. freestanding building located on North Vermillion Street in Danville, IL. The asking price is $225,000. The company is also selling a 4,800 sq.ft. freestanding building located on U.S. Highway North in South Bend, IN. The asking price is $395,000. The company is also selling a 19,265 sq.ft. freestanding building located on West 10th Street in Topeka, KS. The asking price is $700,000. The company is also selling a 7,000 sq.ft. freestanding building located on Plymouth Road in Livonia, MI. The asking price is $550,000. The company is also selling an 8,400 sq.ft. freestanding building located on North 24th Avenue in Port Huron, MI. The asking price is $595,000. The company is also selling a 4,000 sq.ft. freestanding building located on Upper Valley Pike Road in Springfield, OH. The asking price is $425,000. The company is also selling a 15,337 sq.ft. freestanding building located on Buffalo Gap Road in Abilene, TX. The asking price is $2.134 million. The company is also selling a 29,100 sq.ft. freestanding building located on Harwood Road in Bedford, TX. The asking price is $950,000. The company is also selling a 5,400 sq.ft. freestanding building located on South Bowen Road in Pantego, TX. The asking price is $395,000. The company is also selling a 3,096 sq.ft. freestanding building located on Park Avenue in Beaver Dam, WI. The asking price is $290,000. The company is also selling an 8,400 sq.ft. freestanding building located on West Brown Deer Road in Brown Deer, WI. The asking price is $599,000. For more information, contact Jeffrey Sandelman, Lee Cherney, Andrew Schreier or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 page 12

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Ext. 101/111/103/118, Fax 561-955-9921; Emails: jsandelman@kinproperties.com, lcherney@kinproperties.com. aschreier@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com. Calkain Cos., Inc. is selling a 30,000 sq.ft. building situated on 5.279 acres along Gateway Centre Parkway in Richmond, VA. The tenant is bound to an eight-year NNN lease featuring one, five-year option and annual rent escalations of 2.5% during the option years. The company is also selling a 5,766 sq.ft. center situated on 0.96 acres along South Main Street in Owenton, KY. McDonald’s and Harper Oil tenant the center. McDonald’s is bound to a 10-year NNN lease commenced during March 2008 featuring six, five-year options and 10% rent escalations at each option beginning with the second. Harper Oil is bound to a 15year NNN lease commenced during March featuring five, five-year options and 10% rent escalations every five years. The NOI is $136,000. The asking price is $2.176 million with a Cap rate of 6.25%. The company is also selling a 4,403 sq.ft. TD Bank site located in Washington, DC. The tenant is bound to a 20-year NNN lease featuring four, five-year options and 12% rent escalations every five years. For more information regarding the Richmond, VA and Washington, DC properties, contact Rick Fernandez, Calkain Cos., Inc., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 703-7874714; Email: rfernandez@calkain.com; Web site: www.calkain.com. For more information regarding the Owenton, KY property, contact David Sobelman, 500 North West Shore Boulevard, Suite 605, Tampa, FL 33609; 813-282-6000; Email: dsobelman@calkain.com. Pyramid Brokerage Co. is selling four freestanding buildings of 2,641 sq.ft.; 6,140 sq.ft.; 6,840 sq.ft. and 11,800 sq.ft. located along Oswego Street in Baldwinsville, NY. The buildings are available individually or as a portfolio at an asking price of $1.35 million. For more information, contact Bill Evertz, Pyramid Brokerage Co.; 315-445-8528; Web site: www.pyramidbrokerage.com. NAI Avant is selling a 2.4-acre parcel located along Bypass 72 Northeast in Greenwood, SC. The average daily traffic count is 22,300 vehicles. The asking price is $590,000. For more information, contact Mac Fanning, NAI Avant; 803-744-9840; Email: macfan@mail.com. Dealmakers

www.dealmakers.net

Lamar Cos. is selling Lincoln Center, an 82,943 sq.ft. center located along North Generals Boulevard in Lincolnton, NC. BiLo, Cato and Shoe Show anchor the center. The NOI is $700,000. The asking price is $7.6 million with a Cap rate of 9.2%. The company is also selling Market on Cherry Road, a 129,518 sq.ft. center located along Cherry Road in Rock Hill, SC. Office Depot, Big Lots, Anna’s Linens and It’s Fashion Metro anchor the center. The NOI is $760,000. The asking price is $8.4 million with a Cap rate of 9%. The company is also selling Palmer Super Center, a 100,696 sq.ft. center located along Nicholas Street in Easton, PA. Redner’s Market, MAB Paints and Bank of America anchor the center. The NOI is $920,000. The asking price is $11.8 million with a Cap rate of 7.8%. The company is also selling Tilghman Square, a 230,296 sq.ft. center located along Broadway in Allentown, PA. AMC Theaters, Staples, Harbor Freight Tools, SuperPetz, Amelia’s Grocery and Planet Fitness anchor the center. The NOI is $1.865 million. The asking price is $20.9 million with a Cap rate of 8.1%. The company is also selling Trussville Marketplace, a 67,325 sq.ft. center located along Main Street in Trussville, AL. WinnDixie and Dollar Tree anchor the center. The NOI is $601,000. The asking price is $5.65 million with a Cap rate of 10.6%. For more information, contact Lamar Cos., 365 South Street, Morristown, NJ 07960; 973-285-0660, Fax 973-285-9236; Web site: www.lamarcompanies.com. For additional information regarding the Lincolnton, NC and Rock Hill, SC properties, contact Rob Carter or David Webb, Berkeley Capital Advisors; 704-379-1980; Emails: carter@berkeleycap.com and webb@berkeleycap.com; Web site: www.berkeleycap.com. For more information regarding the Easton, PA property, contact Joe French or Tom Dalzell, Sperry Van Ness; 914-682-6868; Emails: frenchj@svn.com and tom.dazell@svn.com. For more information regarding the Allentown, PA property, contact Dan Shabel or Ron Cappello, Fameco; 610834-8000; Emails: dhabel@famecoretail.com and rcappello@famecoretail.com. For more information regarding the Trussville, AL property, contact Kevin T. Fryman, Hanley Investment Group; 949-585-7674; Email: kfryman@hanleyinvestment.com. eComm Realty is selling a 62-acre development parcel located along Berhman Highway in Gretna, LA. For more information, contact Mark Subervielle, eComm Realty, 708 Clearview Parkway, Metarie, LA 70001; 504-208-9393; Email: mark@ecommrealty.com. (continued on page twenty)


Elmont New York HOME DEPOT

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4,916 SF; 5,000 SF PAD AVAILABLE • 269,490 SF center located on Hempstead Turnpike in an affluent, upscale Long Island community • Nassau County boasts a powerful consumer base of 1,200,000, and annual retail sales are estimated of over $8 billion

Owner/Manager Seven Penn Plaza, NY 10001 | feilorg.com Randy Briskin | rbriskin@feilorg.com 212 563 6557 x218

Visit us at 224 South Corridor at the ICSC NY Deal Making!


Food Retailers Expand Nationwide Amorino Gelato operates 25 locations throughout Europe and Asia. The gelato shops occupy spaces of 600 sq.ft. to 1,500 sq.ft. in downtown areas. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Zelnik & Co., LLC. For more information, contact Adam Langer, Zelnik & Co., LLC, 424 Madison Avenue, New York, NY 10017; 212-2232200; Email: adam@zelnikco.com; Web site: www.zelnikco.com. Buffalo’s Franchise Concept trades as Buffalo’s Southwest Café at 40 locations throughout AL, FL, GA, IN, MI, NC, NV, OH, SC and internationally. The casual family dining restaurants, offering roasted chicken, ribs, sandwiches, soups and salads, occupy spaces of 4,500 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout the southeastern region during the coming 18 months. For more information, contact Kevin Kingery, Buffalo’s Franchise Concept, 707 Whitlock Avenue Southwest, Building H, Suite 13, Marietta, GA 30064; Email: kingery@buffaloscafe.com; Web site: www.buffaloscafe.com.

Apple American Group, LLC trades as Applebee’s at 191 locations throughout CA, DE, IN, NJ, NV, OH, PA, WA and WV. The casual dining restaurants occupy spaces of 5,000 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with four, five-year options. For more information, contact Lorin Cortina, Apple American Group, LLC, 225 Bush Street, Suite 1470, San Francisco, CA 94104; 415-374-8125, Fax 415-835-0222; Web site: www.appleamerican.com. Pizzeria Paradiso operates two locations throughout Washington, DC. The pizzerias occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in lifestyle centers and urban/downtown areas. Plans call for one opening in the Washington, DC metropolitan area during the coming 18 months, with representation by Transwestern Commercial Services. For more information, contact Bill Miller, Transwestern Commercial Services, 1667 K Street Northwest, Suite 300, Washington, DC 20006; 202-775-7033, Fax 202-7757009; Email: bill.miller@transwestern.net; Web site: www.eatyourpizza.com.

Darden Restaurants trades as The Capital Grille at 38 locations nationwide. The upscale steakhouse restaurants occupy spaces of 8,000 sq.ft. to 9,000 sq.ft. in urban/ downtown areas and suburban areas. Plans call for three to six openings throughout the existing market during the coming 18 months. Typical leases run 10 years. The company prefers to locate near upscale hotels and office buildings. For more information, contact Tom McCarty, Darden Restaurants, 15695 West 67th Place, Arvada, CO 80007; 303432-0047, Fax 303-432-0064; Web site: www.dardenrestaurants.com. Giffords Ice Cream & Candy Co. operates six locations throughout Washington, DC. The shops, offering ice cream, candy and prepackaged goods, occupy spaces of 750 sq.ft. to 1,400 sq.ft. in lifestyle centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Neal Lieberman, Giffords Ice Cream & Candy Co., 8810 Brookville Road, Silver Springs, MD 20910; 800-708-1938, Fax 866-211-9818; Web site: www.giffords.com. (continued on page twenty-two)

VANICK PROPERTIES INCORPORATED

381 Broadway, Westwood, NJ 07675 ~ Tel: 201.666.7710

Nicholas J. Aynilian - President

Mt. Holly / Lumberton, NJ ~ Evergreen Plaza 10,000 SF Pad ~ 5,600 SF - 11,000 SF Stores 60,000 SF Build to Suit Retail or Office Space

Middlesex, NJ ~ Westmarket Center 200,000 SF New Retail & Entertainment Center 36,000 SF New Office Space Middlesex, NJ ~ Lincoln Blvd. Office Space 1,200 SF - 4,000 SF Warehouse 1,300 SF - 8,100 SF

Fax: 201.666.7714

Scranton, PA ~ Greenridge Plaza 57,000 SF (Divisible); 1,500 SF - 7,500 SF Stores 5,000 SF Pad Site Pennsburg, PA ~Pennsburg Square Shopping Center 4,000 SF Store Pittston, PA ~ Pittston Plaza ~ 1.5 Acre Pad on RT 11 2000 SF - 2,500 SF Stores Scranton, PA ~ Luzerne Street Shopping Center 7,300 SF Store

Union City, NJ ~ Store Front 3,000 SF Apartments 2 - 3 Bedrooms Warehouse 17,000 SF ~ Vacant Lot 30’ x 80’

Union, NJ ~ RT 22 ~ Union 22 Town Center 4,000 SF - 9,800 SF Stores - 6,000 SF Pad

Hazleton, PA ~ Hazleton Shopping Center 3,755 SF - 14,000 SF Stores ~ 4,000 SF Pad Site Bethlehem, PA ~ Stefko Blvd. 1,700 SF New Store ~ Good for Cafe

Jersey City, NJ ~ Warehouse 36,000 SF

Reading, PA ~ Downtown 50,000 SF Mix Use Building

Aberdeen, NJ ~ New Office Builidng - 5,600 SF

Selinsgrove, PA ~ RTS 11 & 15 ~ 2,400 SF New Store

info@vanickproperties.com www.vanickproperties.com page 14

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December 11, 2009

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www.dealmakers.net


b l u e baC k s q u a r e , n oW o p e n !

InreA Word: •mark•a•ble \adj. 1. Worthy of notice or attention. 2. The tenant lineup at Blue Back Square.

s paC e i n t H e s q u a r e !

600,000 square foot mixed-use center featuring Whole Foods Market*, Crate and Barrel, Ann Taylor, White House|Black Market, Lucy, Barnes & Noble and The Cheesecake Factory. Centrally located regional shopping destination within one of the most affluent trade areas in the country. Doubles the size of West Hartford’s vibrant retail town center. Excellent accessibility to Greater Hartford and the region via I-84. West Hartford serves as the shopping and dining destination for Hartford, Connecticut. Luxury condominiums, rental apartment lofts and Class A office space.

W e s t H a rt f o r d, C o n n e C t i C u t www.bluebacksquare.com For retail leasing opportunities, please contact: Robin Mosle, Jonathan Dutch or Jan Williams, Samuels & Associates 617.247.3434 Visit us at tHe 2009 neW York idea exCHange on deCember 7tH & 8tH, bootH #218, soutH Corridor Blue Back Square, a development by Ronus Properties, Street-Works and JDA Development *Development by Carpenter & Company


Who’s Opening and Where Whole Foods Market, Inc. (512-477-4455) will open two Whole Foods Market stores in San Jose, CA during the next several years. The company will open a 50,000 sq.ft. grocery store at the intersection of Blossom Hill Road and Almaden Expressway during the summer of 2010. The company originally planned to open a 70,000 sq.ft. store at the site, which was initially slated to open this year. The company is also planning to open a 36,000 sq.ft. market at the intersection of The Alameda and Stockton Avenue during the spring or summer of 2011. The company originally planned to open a 40,000 sq.ft. store with rooftop parking at the site and had slated its opening for 2010.

Apple, Inc. (408-996-1010) will open between 40 and 50 Apple stores during 2010, with more than half of the stores opening internationally. The company plans to open significant, its internal term for flagship, locations during the spring and early summer in London, England; Paris, France, and Shanghai, China.

Family Dollar Stores, Inc. (704-847-6961) will open Family Dollar stores nationwide during the next several years. The new stores will feature a revised floorplan and improved signage designed to eliminate clutter and make the stores easier to navigate. The company will also renovate older stores to incorporate the new floorplan.

Bed Bath & Beyond, Inc. (516-507-3410) will open 100 stores during 2010 as part of a plan to open 400 stores throughout North America during the next several years. The company currently operates stores under the Bed Bath & Beyond, Christmas Tree Shops, buybuy Baby and Harmon tradenames.

hhgregg, Inc. (317-848-8710) plans to open a 25,000 sq.ft. hhgregg store in a former Kids “R” Us site in Wilkes-Barre Township, PA during the spring of 2010 as part of a plan to open 20 to 22 stores next year. Additionally, the company plans to open between 40 and 45 units during 2011. The store, offering consumer electronics and household appliances, will be the company’s first in PA. The company currently operates 126 stores throughout AL, FL, GA, IN, KY, MS, NC, OH, SC and TN.

American Apparel, Inc. (213-488-0226) will open four American Apparel stores during the fourth quarter of its 2009 fiscal year, with three of the stores opening before year’s end. The company is also evaluating potential locations for future stores. During its third quarter, the company opened seven stores, including four in the U.S., one in Canada and two internationally, and closed five. The company currently operates 276 stores, offering fashion basics, nationwide and internationally.

Inditex Group (212-355-1415) will open a Zara store at Block 37, a retail center located along North State Street in Chicago, IL this month. The company recently opened a three-level, 17,500 sq.ft. store, offering men’s, women’s and children’s apparel, along North Michigan Avenue in the Magnificent Mile area of Chicago, IL. The three-level location is the company’s largest nationwide.

Introducing... Wilderness Hills In real estate, location is everything. Lincoln, Nebraska’s new address for retail is Yankee Hill Road & South 27th Street. Welcome to Wilderness Hills! Thoughtfully designed, Wilderness Hills blends traditional and classic architectural elements as well as bold colors creating a warm and inviting streetscape setting. Big box, pad sites and shop space available now. For information on this exciting new retail project, please contact Cindi Cisar, Don Linscott or Tara Galaviz for Big Box space or for Pad Sites and Shop Space contact Cathi Johnson-Haisch.

Grubb & Ellis|Pacific Realty 402.467.1234 www.gepacificrealty.com Independently Owned & Operated

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7-Eleven, Inc. (972-828-0711) will open a 2,459 sq.ft. 7-Eleven at Western Town Plaza, located at the intersection of Western Avenue and Sepulveda Boulevard in Torrance, CA, during March 2010. The company plans to open 200 convenience stores during 2010, with the majority of the openings located in CA and NY. (continued on page twenty-seven)


Opportunities exist for those who know where to locate them. Cromwell Avenue Shops Rocky Hill, CT

New strip center anchored by CBT Bank. Great location on Cromwell Avenue just off Route 160 and I-91 in Hartford County. 11,500 SF office and retail space available with 4,200 SF approved for restaurant. Local area tenants include Starbucks, Big Y Supermarket, and CVS.

Cross Pointe Centre Fayetteville, NC

Located at the intersection of US 401 Bypass and Morganton Road, Cross Pointe Centre is a 237,167 SF power center anchored by Staples, T.J. Maxx, Bed Bath & Beyond, Shoe Carnival, ULTA and A.C. Moore. Cross Creek Mall is directly across the street. Other major retailers in the immediate area include Lowe’s, Target, Home Depot, Kohl’s and Hobby Lobby. 47,355 SF available in premier endcap space.

Palmerone Farms Newburgh, NY

28,800 SF neighborhood center on 10-acre site located at the high-traffic intersection of Routes 300 and 17K near Lowe’s, Home Depot, Kohl’s, Target, Stewart Airport and more. Anchor tenants include Longhorn Steakhouse, Chili’s, Panera Bread, and Verizon. 2,300 SF pad available.

Columbia Plaza Bloomsburg, PA

11,578 SF neighborhood center featuring Blockbuster and Rita’s Italian Ice. Located on Columbia Boulevard (Route 11) just off I-80, 40 miles southwest of Wilkes-Barre and just 2 miles from Bloomsburg University. 5,800 SF available.

Shops at Old York York County, PA

New 16-acre retail development site located on Old York Road right off the Pennsylvania Turnpike. 75,000 SF available along with two 1.5-acre pads, adjacent to operating CVS. Will build to suit. The entire site is fully approved and also available for an outright sale.

New Town Shops on Main Williamsburg, VA

253,000 SF retail center located on Monticello Avenue in the heart of a 365-acre mixed-use community featuring 1.7 million SF of specialty retail, office, residential and entertainment. Join Barnes & Noble, Buffalo Wild Wings, Regal Cinemas, Panera Bread, Lane Bryant and many more! 1,171 to 10,778 SF retail space available. Two 9,000 SF on-site land parcels available for sale for office/retail.

433 South Main Street, West Hartford, CT 06110 | developers-realty.com Kelly Voss: kelly@developers-realty.com | T 860.561.0121 F 860.521.4323

Visit us at 488 Americas Hall II at the ICSC New York Deal Making!


New Construction (continued from page four)

Royal Properties, Inc. is redeveloping a shopping center located on Route 59 in Airmont, NY. Spaces from 20,000 sq.ft. to 60,000 sq.ft. are available. The company is also redeveloping Fairgrounds Plaza, located on Route 211 in Middletown, NY. Shop spaces from 18,000 sq.ft. to 100,000 sq.ft. are available along with a pad site. The company is also preleasing Main Street Commons, located on Route 6 in Peekskill, NY. Spaces from 1,000 sq.ft. to 15,000 sq.ft. are available. Tenants include AutoZone. The company is also preleasing Ashton Park, located on Route 9. Spaces from 2,400 sq.ft. to 18,000 sq.ft. are available along with pad sites. For more information, contact Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-2373403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com. Legend Properties, Inc. is preleasing a mixed-use center featuring an 18,000 sq.ft. retail component in addition to a luxury multi-family component located at the intersection of Broad Street and Fitzwater Street in Philadelphia, PA. Spaces of 1,451 sq.ft.; 1,499 sq.ft.; 1,854 sq.ft.; 2,356 sq.ft.; 4,889 sq.ft. and 6,774 sq.ft. are available. Area demographics include a population of 165,761 within a 1.5-mile radius earning an average household income of $57,999. The average daily traffic count is 22,000 vehicles. The asking rent is $45 psf with CAM and taxes of $2.85 psf. The center is slated to open during February 2010. For more information, contact Lars Kerstein, Legend Properties, Inc., 1535 Chestnut Street, Suite 300, Philadelphia, PA 19102; 215-599-0312, Fax 215-599-0316; Email: lkerstein@lpre.com; Web site: www.lpre.com. Princeton Partners is developing The Village at Bellwood Lake, a 650,000 sq.ft. retail center located at the intersection of Loop 323 and New Sunnybrook Drive in Tyler, TX. Tradearea demographics include a population of 694,793 earning an average household income of $52,041. The average daily traffic count is 44,000 vehicles. The company is also developing Eldorado at Stonebridge, a 22-acre mixed-use project located at the intersection of Eldorado Parkway and Stonebridge Parkway in McKinney, TX. Area draws include McKinney Methodist Hospital. Area demographics include a population of 153,494 within a five-mile radius earning an average household income of $115,130. For more information, contact Princeton Partners, 4445 Alpha Road, Suite 106, Dallas, TX 75244; 972-233-0408; Web site: www.ppretx.com. page 18

December 11, 2009

The

Metro Commercial Real Estate, Inc. is preleasing The New Darby Town Center, located along North MacDade Boulevard in Darby, PA. A 10,875 sq.ft. space is available. Area demographics include a population of 593,826 within a five-mile radius earning an average household income of $51,679. The average daily traffic count is 16,000 vehicles. For more information, contact Mike Murray, Metro Commercial Real Estate, Inc., Eight Tower Bridge, 161 Washington Street, Suite 375, Conshohocken, PA 19428; 610-260-2669, Fax 610-825-5156; Email: mmurray@metrocommercial.com; Web site: www.metrocommercial.com. NAI Isaac Commercial Properties is preleasing The Lex, a 27,046 sq.ft. mixed-use center situated on eight acres at the intersection of South Broadway and Newtown Pike Extension in Lexington, KY. Spaces of 1,200 sq.ft. to 8,000 sq.ft. are available. Area draws include the University of Kentucky and Blue Grass Airport. Area demographics include a population of 103,850 within a threemile radius earning an average household income of $48,358. The average daily traffic count is 34,163 vehicles. The asking rent ranges from $20 psf to $26 psf with CAM ranging from $2.50 psf to $3 psf and taxes of $2 psf. The center is slated to open during March 2010. For more information, contact John P. Miller, NAI Isaac Commercial Properties, 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859-224-2000, Fax 859-2240848; Email: jpmiller@naiisaac.com; Web site: www.naiisaac.com. Armstrong Development Properties, Inc is preleasing the retail component of a mixed-use center situated on 14 acres at the intersection of Chandler Boulevard and Dobson Road in Chandler, AZ. Area retail includes Lowe’s Home Improvement, Best Buy, Target, Bed Bath & Beyond, Costco, Chandler Festival, featuring Nordstom Rack, Ross Dress for Less, T.J. Maxx, PetSmart and OfficeMax, and Chandler Fashion Center, featuring Nordstrom, Barnes & Noble, Harkins Theatres, The Cheesecake Factory, Sears, Gap and Banana Republic. Area demographics include a population of 306,464 within a five-mile radius earning an average household income of $88,229. The average daily traffic count is 154,397 vehicles. For more information, contact Martin Hedstrom, Armstrong Development Properties, Inc., 1500 North Priest Drive, Suite 150E, Tempe, AZ 85281; 602-385-4100, Fax 602-385-4101; Email: mhedstrom@agoc.com; Web site: www.armstrongdev.com. Dealmakers

www.dealmakers.net

Grubb & Ellis New Mexico is preleasing Unser Crossing, a 500,000 sq.ft. project located at the intersection of Central Avenue and Unser Boulevard in Albuquerque, NM. Anchor, junior anchor and shop spaces are available along with restaurant and retail pad sites. Area retail includes Smith’s Food & Drug Stores, Walgreens, Albertsons and Kmart. Area demographics include a population of 176,266 within a five-mile radius earning an average household income of $46,771. The asking rent ranges from $26 psf NNN to $30 psf NNN. For more information, contact Bob Feinberg, Tom Jones or Jeremy Nelson, Grubb & Ellis New Mexico, 2424 Louisiana Boulevard Northeast, Suite 300, Albuquerque, NM 87110; 505-238-7707 or 505-880-7063/ 7061; Emails: bob.feinberg@grubb-ellis.com, tom.jones@grubb-ellis.com and jeremy.nelson@grubb-ellis.com; Web site: www.grubb-ellis.com. Developers Realty Corp. is preleasing Shops at Old York, a development situated on 16 acres along Old York Road in York County, PA. Shop spaces totaling 75,000 sq.ft. are available along with two 1.5-acre pad sites. Area retail includes CVS. For more information, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com. The Gardens of Grapevine, LP is developing World Villages of Grapevine, a mixeduse project located at the intersection of Grapevine Mills Boulevard and State Highway 2499 in Grapevine, TX. The project includes residential, hospitality, office, horticultural and retail components. Area demographics include a population of 2.929 million within a 20-mile radius earning an average household income of $92,072. The average daily traffic count is 150,000 vehicles. For more information, contact The Gardens of Grapevine, LP, 2591 North Dallas Parkway, Suite 203, Frisco, TX 75034; Email: info@thegardensofgrapevine.com. Mall Properties, Inc. is preleasing Peninsula Town Center, a mixed-use center located in Hampton, VA. Tenants include Target, Macy’s and JCPenney. The company is also preleasing Mercury Plaza, located in Hampton, VA. For more information, contact Mall Properties, Inc., 654 Madison Avenue, New York, NY 10065; 212-935-1330, Fax 212-8325369; Email: inquiries@mallproperties.com; D Web site: www.mallproperties.com. M



Buyers and Sellers (continued from page twelve)

Southpace Net Lease Advisors, LLC is selling the following Dollar General sites: in Eufaula, AL for $997,300 with a Cap rate of 8.75%; in Evergreen, AL for $955,000 with a Cap rate of 8.75%; in Anderson, IN for $925,700 with a Cap rate of 8.75%; in Argos, IN for $679,000 with a Cap rate of 8.75%; in Ft. Wayne, IN for $962,900 with a Cap rate of 8.75%; in Muncie, IN for $960,000 with a Cap rate of 8.75%; in Benton, MO for $835,200 with a Cap rate of 8.75%, and in Braymer, MO for $844,000 with a Cap rate of 8.75%. For more information, contact Southpace Net Lease Advisors, LLC, 300 North 21st Street, Suite 900, Title Building, Birmingham, AL 35203; 205-326-2222. Acadia Realty Trust is looking to acquire mixed-use and retail centers throughout major metropolitan areas along the East Coast. Suitable properties are priced above $10 million and feature grocery or discount anchors and value-added potential. The company will consider single properties as well as portfolios. For more information, contact David Robinov, Acadia Realty Trust; 800-227-5570; Email: drobinov@acadiarealty.com.

Net Property Group, LLC is selling a shopping center located at the intersection of Route 31 and Halstead Street in Clinton, NJ. Area demographics include a population of 34,775 within five miles earning $151,915 as the average household income. For more information, contact Net Property Group, LLC, 116 Route 22, North Plainfield, NJ 07060; 908-226-0123; Web site: www.netpropertygroup.com. The Simon Cos. is looking to acquire raw land throughout GA, NC, SC and VA. Suitable properties range from 10 acres to 20 acres and are located near existing shopping centers. For more information, contact Ben Simon or Kevin Tucker, The Simon Cos.; 757-340-3669, Fax 757-631-9155; Email: bsimon@palms.net. Partners Investment Properties, on behalf of a client, is looking to acquire six Walgreens sites located throughout CT, MA, NH and RI. Suitable properties are less than two years old. For more information, contact Joseph Cawley, Partners Investment Properties; 800965-9281, Fax 800-965-9546; Web site: www.pipre.com.

And we pay in cash. AEI has been buying existing, to-be-built, and/or sale-leaseback net lease properties nationwide for more than three decades. And we’ve always been all-cash. No debt means quick decisions, fast closings and no delays. When it comes to commercial acquisitions, no one stacks up to AEI. For more information, contact George Rerat today.

CALL 651-227-7333

OR EMAIL GRERAT@AEIFUNDS.COM page 20

December 11, 2009

Dealmakers_AEI_BUYING_OneThirdPage_AD.indd 1

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Berwyn Development Corp. is selling a 12,300 sq.ft. site located along Oak Park Avenue in Berwyn, IL. Area demographics include a population of 680,437 within a fivemile radius earning an average household income of $66,742. The average daily traffic count is 11,300 vehicles. The asking price is $800,000. The company is also selling two parcels, an 18,289 sq.ft. building situated on a land area of 38,000 sq.ft. and a 16,122 sq.ft. building situated on a land area of 50,000 sq.ft., along Ogden Avenue in Berwyn, IL. Area demographics include a population of 217,404 within a three-mile radius earning an average household income of $66,832. The average daily traffic count is 33,900 vehicles. The asking price for the 38,000 sq.ft. parcel is $2.1 million and the asking price for the 50,000 sq.ft. parcel is $2.6 million. The company is also selling a 2,900 sq.ft. building and an adjoining 5,000 sq.ft. parcel located along Roosevelt Road in Berwyn, IL. Area demographics include a population of 760,699 within a five-mile radius earning an average household income of $66,529. The average daily traffic count is 22,400 vehicles. The asking price is $750,000. The company is also selling a 6,500 sq.ft. retail building and an adjacent 11,000 sq.ft. parcel located along Stanley Avenue in Berwyn, IL. Area demographics include a population of 650,453 within a five-mile radius earning an average household income of $67,231. The asking price is $1.9 million. The company is also selling a 6,136 sq.ft. retail building and an adjacent 5,900 sq.ft. parcel located along Cermak Road in Berwyn, IL. Area demographics include a population of 715,819 within a five-mile radius earning an average household income of $66,639. The average daily traffic count is 30,300 vehicles. The asking price for the building is $950,000. The asking price for the adjacent parcel is $700,000. The asking price for the portfolio of the two properties is $1.3 million. The company is also selling a 2,500 sq.ft. mixeduse center located along Stanley Avenue in Berwyn, IL. Area demographics include a population of 654,067 within a five-mile radius earning an average household income of $67,121. The asking price is $329,000. For more information, contact Berwyn Development Corp.; 708-788-8100; Email: info@berwyn.net; Web site: www.berwyn.net. Millennium Properties, Inc is selling a 7.1acre parcel located in Elgin, IL. For more information, contact Susan B. Silver, Millennium Properties, Inc., 20 South Clark Street, Suite 630, Chicago, IL 60603; 312-338-3001, Fax 312-338-3008; Email: ssilver@mpirealestate.com. (continued on page forty-two)


More retail experience per square foot. It’s time you started to negotiate from a position of strength. • Analyze your retail real estate • Negotiate reduced rents • Terminate leases cost effectively • Renew at favorable lease terms Start by calling us now.

Visit us at rcsrealestate.com or call us at 877 728 3736.


Food Retailers Expand Nationwide (continued from page fourteen)

Bassett’s Original Turkey operates 18 locations throughout MD, NJ, NY and PA. The quick, casual restaurants occupy spaces of 400 sq.ft. to 800 sq.ft. in malls, entertainment and tourist centers and urban/ downtown areas. Plans call for four openings within 100 miles of Philadelphia, PA during the coming 18 months, with representation by Great American Brokerage. Preferred demographics include a population of 250,000 within five miles earning $60,000 as the average household income. Bistro at Cherry Hill operates three locations throughout NJ and the Philadelphia, PA metropolitan area. The restaurants occupy spaces of 3,500 sq.ft. in malls and downtown areas. Growth opportunities are sought within 100 miles of Philadelphia, PA during the coming 18 months, with representation by Great American Brokerage. Preferred cotenants include Macy’s, Neiman Marcus and Nordstrom. Donut Depot operates four locations throughout Nassau, NY. The donut shops occupy spaces of 500 sq.ft. to 1,500 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Plans call for 12 openings throughout Bronx, Nassau, Suffolk and Westchester counties in NY during the coming 18 months, with representation by Great American Brokerage. The company prefers sites with a drive-thru. Grill Fire operates two locations in Nassau and West Suffolk, NY. The restaurants occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in endcaps, freestanding locations and inline spaces. Growth opportunities are sought throughout Nassau and Suffolk, NY during the coming 18 months, with representation by Great American Brokerage. Muscle Maker Grill operates 12 locations throughout NJ and NY. The restaurants, offering sandwiches, salads, pasta and wraps, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in inline spaces and strip centers. Growth opportunities are sought throughout NJ, Long Island and the New York, NY and greater Philadelphia, PA metropolitan areas during the coming 18 months, with representation by Great American Brokerage. Preferred cotenants include Bally’s Total Fitness, LA Fitness, NYSC, Retro Fitness, Reebok and Work Out World. Philly Steak & Gyro operates 12 locations throughout MD, NJ, the Philadelphia, PA metropolitan area and Washington, DC. The restaurants occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in airports, food courts, strip centers and urban/ downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Great American Brokerage. Rockwell’s Express operates one location in Westchester County, NY. The restaurant, offering gourmet

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page 22

December 11, 2009

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burgers, occupies spaces of 2,000 sq.ft. to 3,000 sq.ft. in endcaps, freestanding locations, inline spaces, regional malls and central business districts. Growth opportunities are sought throughout Fairfield County, CT and Westchester County, NY during the coming 18 months, with representation by Great American Brokerage. Smokin’ Al’s Famous BBQ Joint operates two locations in Nassau and Suffolk, NY. The restaurants occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations, power and strip centers, and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Great American Brokerage. For more information, contact Paul Fetscher, Great American Brokerage, 100 West Park Avenue, Long Beach, NY 11561; 516-889-7200, Fax 516-889-5113; Email: gtamerican@aol.com; Web site: www.restaurantexpert.com. Chili’s operates 1,400 locations nationwide and internationally. The casual dining restaurants occupy spaces situated on a land area of 1.4 acres in freestanding locations, lifestyle and power centers and outparcels. Growth opportunities are sought throughout southern IL and MO during the coming 18 months, with representation by L3 Corp. For more information, contact Jay Cohen, L3 Corp., 12655 Olive Boulevard, Suite 220, St. Louis, MO 63141; 314-469-7400, Fax 314-576-9768; Email: jay@l3corp.net; Web site: www.l3corp.net. Juice It Up Corp. trades as Juice It Up at 120 locations throughout AZ, CA, CO, NY and TX. The shops, offering fruit-and teabased smoothies, vegetable juices, protein bars, healthy snack items and organic coffee, occupy spaces of 800 sq.ft. to 1,200 sq.ft. in malls and entertainment, lifestyle and power centers, as well as urban/downtown areas. 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 Home Depot, Lowe’s Home Improvement, Target and Walmart. Preferred demographics include a population of 100,000 within three miles earning $60,000 as the average household income. Major competitors include Jamba Juice. For more information, contact Carol Skinner, Juice It Up Corp., 17915 Skypark Circle, Suite J, Irvine, CA 92614; 949-475-0146, Fax 949-475-0137; Email: carols@juiceitup.com; Web site: www.juiceitup.com. (continued on page thirty-six)


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Exclusives and Leasing Assignments New Street Realty Advisors (212-251-0626) represents Hale and Hearty in the restaurant chain’s expansion throughout the Midtown, Midtown South, Times Square, Financial District, Penn Plaza, SoHo, Tribeca, Nolita, 6th Avenue, Upper East Side and Upper West Side areas of Manhattan, NY, utilizing spaces of 1,100 sq.ft. to 1,800 sq.ft. plus basement. Capital Retail Group (202-319-2884) represents Philly Dawgz with the restaurant chain’s expansion for a franchisee throughout northern VA and Washington, DC. The hot dog restaurants occupy spaces of 800 sq.ft. to 1,400 sq.ft. in retail centers and business districts. The company also represents Bella Bridesmaid with the chain’s expansion throughout Bethesda, Chevy Chase and Clarendon, MD; the Old Town area of Alexandria, VA and northwestern Washington, DC. The stores, offering a selection of bridesmaid’s dresses, occupy spaces of 700 sq.ft. to 1,000 sq.ft. in downtown/urban locations and streetfronts. Charter Realty & Development (203-227-2922) was appointed by RP Realty Partners, LLC as the exclusive leasing agent for Walpole Mall, a 391,000 sq.ft. regional mall located in Walpole, MA. Anchors include Kohl’s and LA Fitness. McKinley (734-769-8520) has been appointed receiver for Washington Plaza, a 92,000 sq.ft. center located in Washington, IN with an IGA grocery store and Dollar General serving as anchors. The company was also appointed receiver for a 30,000 sq.ft. retail center located in Plymouth, MI. Aries Deitch & Endelson, Inc. (914-949-2800) represents the following retailers with their expansion plans throughout NY: Panera Bread, throughout Dutchess, Orange, Putnam, Rockland and Westchester counties, seeking spaces of 4,000 sq.ft. to 4,700 sq.ft.; TJX Cos., throughout Dutchess, Orange, Putnam, Rockland and Westchester counties, seeking spaces of 10,000 sq.ft. to 12,000 sq.ft. for Marshalls Mega Shoe Store locations, 25,000 sq.ft. to 30,000 sq.ft. for Marshalls and T.J. Maxx locations and 25,000 sq.ft. for HomeGoods locations; KeyBank, throughout Dutchess, Putnam and Westchester counties, seeking sites of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations, and AT&T Mobility, throughout Putnam and Westchester counties, utilizing spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding locations and endcaps of power centers. Weiss Realty (201-814-1800) was appointed exclusive leasing and management agent for Shoppes at Colonial Village, located at the intersection of Route 27 and Parsonage Road in Edison, NJ. DM page 24

December 11, 2009

The

Dealmakers

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A national WOMEN’S specialty retailer.

The company operates more than 400 stores in 26 states. Dots three year growth plan includes opening new stores in all 26 states.

Site Criteria * Power centers, regional and community shopping centers with national tenants, deep discount anchors, dominant supermarket or discount apparel anchors * Targeting 4,000 to 5,000 square feet with a minimum 40 foot storefront

Demographic ProďŹ le * Metropolitan, urban and suburban markets * Typical trade area population of at least 75,000 * Median household income of $45,000 to $65,000

* More than 400 stores! * 26 STATES! Real Estate Contacts Kyle Koenig 440-349-7040 Director of Real Estate

kkoenig@dots.com

John Clark 440-349-7744 Director of Store Development

jclark@dots.com

Alex Glantzis 440-424-2513 Real Estate Representative

aglantzis@dots.com

www.dots.com



Who’s Opening and Where (continued from page sixteen)

Forever 21, Inc. (213-741-5100) will open a Forever 21 store in a 150,000 sq.ft. former Gottschalks space at Fashion Fair Mall in Fresno, CA during 2010. The opening will replace an existing smaller store in the mall. The company recently opened an 85,500 sq.ft. store in a former Gottschalks site at Hanford Mall in Hanford, CA. The stores feature women’s and men’s apparel. Kohl’s Corp. (262-703-7000) will open a Kohl’s department store in a former Mervyn’s site at Sierra Vista Mall, located in Clovis, CA. The company was originally slated to open a store in a 491,000 sq.ft. Walmart Supercenter-anchored development located at the intersection of Herndon Avenue and Highway 168 in Clovis, but withdrew after litigation against the development placed the opening date in question. The company plans to break ground on the site during February 2010 and open during the fourth quarter. The company currently plans to open 30 stores during 2010 and remodel another 65, though it may open and remodel more if economic conditions improve during the year. The company currently operates 1,059 stores nationwide, including 121 in CA.

Wal-Mart Stores, Inc. (479-273-4000) is planning to open stores in Galt and Lodi, CA during the next several years. The discount retailer plans to open a Walmart Supercenter at the intersection of Kettleman Lane and Lower Sacramento Road in Lodi, CA. The store would anchor a 13-building, 340,000 sq.ft. development that has been subject to continued legal obstructions by community groups. The company also plans to open a 132,000 sq.ft. Walmart along Twin Cities Road in Galt, CA. The store will feature a grocery department but will not be considered a Supercenter. The company originally planned to build a Galt store as an anchor to a 400,000 sq.ft. development located Highway 99 between Boessow Road and Simmerhorn Road, but purchased the Twin Cities Road site when development plans fell through.

Wohlner’s Market and Deli (402-5516875) will open a grocery store at Midtown Crossing at Turner Park, a 220,000 sq.ft. mixed-use development situated on 15 acres at the intersection of 33rd Street and Dodge Street in Omaha, NE. The store, slated to occupy 16,200 sq.ft. and open during August 2010, will feature butcher, deli and beer and wine departments in addition to offering grocery items. The tenant will join Prairie Life Fitness, Marcus Midtown Cinema and Fashion Cleaners at the center. The opening will be the company’s second location.

Doctor’s Associates, Inc. (203-877-4281), through a franchisee, will open a Subway restaurant in a portion of a former Fuzio Universal Bistro site at The Shops at River Park, located in Fresno, CA, later this month. The restaurant will feature the company’s Tuscany II design, which includes couches and upholstered booths.

rue21, Inc. (724-776-9780) plans to open 100 rue21 stores nationwide during 2010, as part of a plan to operate 1,000 stores by the end of 2013. The company currently operates 500 stores, offering fashion apparel and accessories for teenage girls and young women, nationwide throughout 43 states.

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Dealmakers

Nordstrom, Inc. (206-628-2111) will open a 122,000 sq.ft. Nordstrom store at Christiana Mall in Newark, DE during the spring of 2011. The upscale department store will occupy an anchor space formerly tenanted by Strawbridge’s.

(continued on page thirty)

December 11, 2009

page 27


Real Estate Professionals Making the News

Lease Signings

SRS Real Estate Partners (949-698-1100) hired Greg George as vice president of the company’s Newport Beach, CA office. Prior to joining the company, he oversaw new store development for Dick’s Sporting Goods throughout 10 states in the western U.S. The Long & Foster Cos. (703-653-8356) hired Darryl Schroeder to the position of controller of affiliated businesses. The position was recently created, and the company’s affiliated businesses include Prosperity Mortgage Co., Walker Jackson Mortgage Corp., Long & Foster Insurance Agency, Inc. and Long & Foster Settlement Services. Prior to joining the company, Schroeder served at Stewart Title Co. of FL as that company’s chief financial officer and chief information officer. Zifkin Realty Group (312-575-8650) hired Jennifer Fitzpatrick as senior vice president within the company’s Retail Brokerage Group. She will focus on assisting retailers and landlords within the Chicago, IL metropolitan area in developing strategic real estate solutions. Prior to joining the company, Fitzpatrick served as a managing partner at Blatteis & Schnur. The company is an independent retail brokerage firm located in Chicago, IL with coverage throughout the Midwest. DM

Cedar Shopping Centers, Inc. (516-9444525) signed a 20-year lease with Giant Eagle for 83,600 sq.ft. at Townfair Center, a 211,440 sq.ft. center located in Indiana, PA. The tenant joins Lowe’s Home Improvement. The company also signed leases with Giant Food Stores for a 97,900 sq.ft. Giant at Blue Mountain Commons, a 125,000 sq.ft. center situated on 22 acres on Linglestown Road in Harrisburg, PA, and a 76,415 sq.ft. Giant at Crossroads II, a 133,775 sq.ft. center located at the intersection of Route 611, Route 33 and Interstate 80 in Stroudsburg, PA. LaKritz-Weber & Co. (248-353-9494) negotiated a lease with Jimmy John’s for 1,600 sq.ft. at Dutton Retail Shoppes, located at the intersection of Lapeer Road and Dutton Road in Auburn Hills, MI. The company represented the tenant and the landlord, Dutton South Shoppes, in the transaction. Grubb & Ellis|Commercial Florida (813639-1111) negotiated a lease with Café 100 for 2,022 sq.ft. at City Center, located along 2nd Avenue South in St. Petersburg, FL. The company represented the landlord, Behringer Harvard Real Estate Investments, and the tenant in the transaction.

Regency Properties (812-424-9200) signed a lease with Buffalo Wild Wings for 7,000 sq.ft. at Seymour Plaza, located along East Tipton Street in Seymour, IN. Main Street Property Services (925-299-8170) negotiated a lease with Lark Shoes for 1,404 sq.ft. along Sir Francis Drake Boulevard in San Anselmo, CA. The company represented the tenant and the landlord, San Anselmo Shopping Center, in the transaction. Velocity Retail Group (602-682-8170) negotiated leases with Goodwill Industries of Central Arizona, Inc. for a total of 118,000 sq.ft. at the following intersections in AZ: Main Street and Recker Road in Mesa, Peoria Avenue and 35th Avenue in Peoria; Southern Avenue and 35th Avenue in Phoenix, and Warner Road and Kyrene Road in Tempe. Additionally, the company negotiated two leases with Goodwill Industries of Central Arizona, Inc. for donation centers at the intersection of Union Hills and Loop 101 Freeway in Glendale, AZ and the intersection of Broadway and Rural Road in Tempe, AZ. The company represented the tenant in the transactions. (continued on page thirty-two)

Designing Success into Every Retail Project

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December 11, 2009

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• Poughkeepsie, NY – Route 9 – Ashton Park

• Mamaroneck, NY – Boston Post Rd. (Rte 1)

• Saugerties, NY – Route 212/32 – Saugerties Plaza

• Mamaroneck, NY – Boston Post Rd. (Rte 1) – Seaport Plaza

• Tappan, NY – Rte 303

• Middletown, NY – Rte 211 – Fairgrounds Plaza

• Wappingers Falls, NY – Route 9 – Lafayette Plaza

• Newburgh, NY – Route 300 – Newburgh Towne Center

• Yonkers, NY – Central Ave. – Centfort Plaza

• Newburgh, NY – N. Plank Rd. (Rte. 32)-Shop Rite Plaza

• Yonkers, NY – Main Street – New Construction at Waterfront

Shopping Center redevelopment. 20,000 – 60,000 SF Avail. 1,500 – 5,600 SF Avail. Join Trustco, Planet Fitness, Alto Music. 1,500 – 4,000 SF Avail. High traffic. Across from Pathmark.

1,900 – 7,300 SF Avail. Join Key Food, DD, Bank of America, & USPS

Join Kohl’s, Modell’s, Michael’s, Staples & Eileen Fisher. 12,000 – 31,000 SF Avail. Join CVS & GNC. 3,800 SF & Pad site Avail. Recently renovated. 2,000 SF Free Standing Retail Building

6,920 SF end cap Avail. Join Subway & The UPS Store. High traffic & visibility Redevelopment Underway. 18,000 – 100,000 SF & Pad Site Avail. Join Super Stop & Shop, Marshall’s & Dress Barn. 1,400 SF Avail. Join Shop Rite & Bank of America. 1,600 – 8,100 SF Avail.

Sublease from Chase Bank – 3,300 SF Avail. 1,890 SF & Pad site Avail.. Join A&P, Dunkin’ Donuts and Dollar Tree New Shopping Center. 1,750 – 13,000 Avail. Drive-thru possible. Sublease from Chase Bank. 3,600 SF Avail. Opposite Train Station. New Construction. Join Auto Zone. 1,000 – 15,000 SF Avail.

New Development on Rte. 9. Great Visibility. 2,400 SF – 18,000 SF & Pad Sites. Join CVS, Blockbuster & Subway. 2,200 – 32,400 SF & Pad Site Avail.

500 – 3,200 SF Avail. High traffic site located on border of Bergen Cty., NJ 1,520 – 10,000 SF Avail. 45K cars per day. Near Kohl’s & Hannafords.

Join GameStop, Vitamin Shoppe & Dunkin’Donuts. 1,700 – 5,000 SF Avail. 4,000 SF Avail. Join Key Bank, Retro Fitness & Verizon FIOS.

wireless

Representing retailers in select regions...

• Avon, CT – W. Main St. – Nod Brook Mall

• Norwalk, CT – Route 1 – ShopRite Plaza

• Branford, CT – W. Main St. – Branhaven Plaza

• Orange, CT – Firelite Shopping Center

• Derby, CT – Pershing Drive, ShopRite Plaza

• Stamford, CT – Rte. 1 – Shop Rite Plaza

• Middlebury, CT – The Crossroads at Middlebury East

• Waterbury, CT – Wolcott St. – Fair Oaks Plaza

800 – 3,000 SF & Pad site Avail. Join Michael’s, Marshalls, 99 Restaurant Join A & P, Kohl’s, GAP, Payless Shoes & GameStop. 6,115 SF Avail. Join ShopRite, Angel Tips, Petland & Pay-Half. 3,700 & 5,500 SF Avail. 1,200 – 3,300 SF Avail. Excellent visibility and easy access on Straits Tpke.

Join ShopRite, Barnes & Noble, GNC & UPS. 2,500 – 20,000 SF Avail. Newly renovated. 1,500 SF pad site. 800 – 4,000 SF in-line. Join Shop Rite, Dunkin’ Donuts and Blockbuster. 2,000 & 3,500 SF Avail.

1,400 – 12,500 SF Avail. Join Aaron Rents & Kool Smiles. High traffic location

• Newington, CT – Berlin Tpke. – JoAnn’s Plaza Join JoAnn’s, Big Lots, Modell’s. 1,200 – 4,400 SF Avail.

850 Bronx River Road • Bronxville, NY 10708 • (t) 914-237-3403 • (f) 914-237-0196

www.RoyalPropertiesInc.com


Who’s Opening and Where (continued from page twenty-seven)

The Cato Corp. (704-551-7470) plans to open 46 Cato and It’s Fashion stores during its 2009 fiscal year. During the first two quarters, the company opened 12 stores and closed eight. The company recently opened an It’s Fashion Metro store at Alexandria Mall, located along Masonic Drive in Alexandria, LA. The stores offer clothing for men, women and children along with shoes and accessories. The company currently operates 1,290 stores nationwide throughout 31 states, including 27 throughout LA. McDonald’s Corp. (630-623-3000) will open 1,000 McDonald’s fast-food restaurants nationwide and internationally during 2010, and will remodel 2,300 existing stores. The company currently operates 32,000 restaurants nationwide and throughout 100 countries internationally. Ross Stores, Inc. (925-965-4400) plans to open a 30,312 sq.ft. Ross Dress for Less in a former Circuit City site located at Riverside Towne Center, located in Riverside, CA, during May 2010. The discount clothing store will join Big 5 Sporting Goods at the center.

Sephora USA, Inc. (415-284-3300) will open a 6,000 sq.ft. Sephora store at Block 37, a retail center located along North State Street in Chicago, IL. The tenant will join Anthropologie, Puma, Steve Madden, Swarovski, L’Occitane en Provence, Michelle Tan, Claudia Kleiner Malabar Collection, GNC, Simply Thalia, Local Charm, Spirit of the City, Accent Chicago, iCandylicious, The Comic Vault, Bleeding Heart Bakery and Alternative Shoes at the center, and all are slated to open before year’s end. The tenants are opening even as the center is under a foreclosure lawsuit filed by the lender during October. Costco Wholesale Corp. (425-313-8000) will open a Costco in Queens, NY during 2010. The warehouse club will join Target and Marshalls at a center located at the site of a former wire factory in the East Harlem area of Queens. The company recently opened its first site in Manhattan, along East 116th Street, last month. The company currently operates 562 stores nationwide and internationally, including three in New York, NY with stores in Brooklyn, Queens and Staten Island.

DownEast Outfitters, Inc. (801-467-7520) will open DownEast Basics stores throughout NV during the next 12 to 18 months. The company opened a store at The District at Green Valley Ranch, located along Village Walk Drive in Henderson, NV last month. The stores offer modest fashion apparel for women and girls. The company currently operates 43 stores, trading as DownEast Basics and DownEast Home & Clothing Outlet, throughout AZ, CA, ID, NV, UT and WA. Dillard’s, Inc. (501-376-5200) delayed its plans to open a Dillard’s department store at Colonial Pinnacle Nord du Lac, a multi-phased project located at the intersection of Interstate 12 and Louisiana 21 in Covington, LA. The store was scheduled to open with the first phase of the center during October 2010, but has postponed the plans indefinitely. The store would join Kohl’s, Dick’s Sporting Goods and Barnes & Noble at the center. P.F. Chang’s, Copeland’s Cheesecake Bistro, Olive Garden, Talbots, Coldwater Creek, Chico’s, Cache, Jos. A. Bank, Buckle, Ulta, The Finish Line, Mignon Faget, Journeys and Paris Parker-Aveda may open with the first phase. (continued on page forty-eight)

Choosing the Right Site is Crucial to Your Success Avoid Investing in Locations That Won’t Meet Your Revenue Expectations. It is imperative in today’s economy that you are right about your site location decisions. One bad site choice can cost you millions in lost revenue.

Visit www.claritas.com/dealmakers for details or call (877) 707-2385.

Nielsen Claritas provides accurate answers to the following questions: • Where should I open new sites? • Which unproductive sites should I close? • Where are my best opportunities for expansion?

s at ICSC’s RECon Booth #5000.

With accurate demographics, robust technology and the largest partner network in the industry, our state-of-the-art solutions transform site location strategies into actionable plans for success.

page 30

December 11, 2009

The

Dealmakers

2009 Nielsen Claritas Update Demographics Now Available!

www.dealmakers.net

© 2009 The Nielsen Company. All rights reserved.


129MIX09

Over

6900

locations ...and growing strong. CVS/pharmacy is looking to add to our existing store fleet via strategic growth in quality, convenient locations. Now serving our customers in 41 states and the District of Columbia.

The best locations share these features... • Prototype size is 12,900 sf with Drive-Thru Pharmacy • Minimum 1.5 acres of land to accommodate parking for 60+ cars • Highly visible with pylon sign identity • Easy access, high traffic volume and free standing

Please contact us at 401-770-4310 with your site.

• Real Estate • Construction & Engineering • Real Estate Finance • Property Administration

Visit our web site at

to obtain additional information.


Lease Signings (continued from page twenty-eight)

Watt Commercial Properties (888-310-9288) negotiated a 10-year lease with 7-Eleven for 2,459 sq.ft. at Western Town Plaza, located at the intersection of Western Avenue and Sepulveda Boulevard in Torrance, CA. The convenience store is slated to open during March 2010. The company also negotiated a 10-year lease with Ross Dress for Less for a 30,312 sq.ft. former Circuit City at Riverside Towne Center, located in Riverside, CA. The tenant joins Big 5 Sporting Goods. The company also negotiated five-year leases with: Giftable for 1,791 sq.ft. at New Horizons Plaza, located in Torrance, CA; Ketna’s Beauty & Threading at Norwalk Plaza, located in Norwalk, CA, and Classic Cigar for 900 sq.ft. at Canyon Village Plaza, located in Anaheim, CA. The company also negotiated a three-year lease with Dollar + for 900 sq.ft. at Anaheim Towne Center, located in Anaheim, CA. The company also negotiated the following lease renewals: for five years with AutoZone for 4,020 sq.ft. at Balden Towne Plaza, located in Fillmore, CA; for one year with Papa Z’s for 3,000 sq.ft. at Magnolia Plaza, located in Fountain Valley, CA; with Launderland Coin Laundry for 2,880 sq.ft. at Crenshaw Plaza, located in Los Angeles, CA; for five years with Detail Escrow, Inc. for 1,200 sq.ft. and for three years with Papa John’s for 1,200 sq.ft. at Sadie Lane Shopping Center, located in Artesia, CA, and for five years with LA’s Insurance Services for 958 sq.ft. at Compton Town Center, located in Compton, CA. Colliers Arnold Commercial Real Estate Services (727-442-7184) negotiated a lease with Hawkeye Pizza for 1,400 sq.ft. at Hays Towne Center, located at the intersection of State Route 52 and Hays Road in Land O’Lakes, FL. The company represented the landlord, Hayvest LLC, in the transaction. The company also negotiated a lease with Sloppy Joe’s Daytona Beach, LLC for 9,198 sq.ft. at Ocean Walk, located along North Atlantic Avenue in Daytona Beach, FL. The company represented the landlord, Carlsberg Management Co., in the transaction. The company also negotiated a lease with Bonus Club for 1,200 sq.ft. at Barton Commons, located along Barton Boulevard in Rockledge, FL. The company represented the landlord, Emmes Realty Services, LLC, in the transaction. The company also negotiated a lease with Right Hear Florida, LLC for 1,174 sq.ft. at Crossroads, located along Columbia Boulevard in Titusville, FL. The company represented the landlord, Duke Realty, in the transaction. (continued on page thirty-four) page 32

December 11, 2009

The

Dealmakers

www.dealmakers.net


We Turn Contenders Into Champions. We’ve always had a winning attitude. That’s why Milbrook Properties has been able to amass an impressive portfolio of high-quality retail locations in vibrant markets throughout the East coast. Our strategy combines over seventy-five years of calculated acquisitions, strong management, aggressive leasing – and the ability to go the distance. Our flexible internal structure enables us to move swiftly to support our properties, tenants and the communities we serve. If you want to join a winner, contact us today and discover the competitive edge that results from experience, adaptability and an overwhelming desire to succeed.

RETAIL AVAILABILITIES FLORIDA Coral Springs Court | Coral Springs Stonegate Bank, Huntington Learning Center 629 SF – 2307 SF Flamingo Market Place | Pembroke Pines Bravo, 21st Century Oncology, U.S. Post Office 1200 SF – 4855 SF FMS Corners | Pembroke Pines Quiznos, Hear X, Asian Buffet 1985 SF – 2535 SF Hollywood Palms | Hollywood Publix, Walgreens, Dade Medical College 1140 SF – 9600 SF Shoppes at Margate | Margate Super Food Store, Florist 1500 SF – 10000 SF Shoppes at Pembroke | Pembroke Pines Michaels, Weight Watchers 1200 SF – 3840 SF

NEW JERSEY Aviation Marketplace | Linden Target, Home Depot, ShopRite, AMC Theatres 6000 SF – Restaurant Out Parcel Edison Plaza | Edison ShopRite, Party Fair, Capital One Bank 2816 SF – 4400 SF Princeton Meadows | Plainsboro Asian Food Market, Subway, Kumon Learning 1163 SF – 2000 SF Royal Plaza | East Windsor City Streets Café, Citi Financial, Allstate 950 SF – 2000 SF NEW YORK Adams Commerce Plaza | Hauppauge Dunkin’ Donuts, Pomodorino, Blimpie 1200 SF Baldwin Square | Baldwin Best Buy, Applebee’s 800 SF – 4200 SF Bay Shore Commons | Bayshore Stop & Shop, Rent-A-Center, Blockbuster 1450 SF – 13000 SF

Bethpage Commons | Bethpage DMV, Autobarn, Dunkin’ Donuts 3025 SF – 5000 SF Bohemia Commons | Bohemia IGA, Lucille Roberts, CVS 800 SF Kenmor Plaza | Seaford Blockbuster, Flynn & O’Hara Uniforms 2013 SF Lake Shore Plaza | Lake Ronkonkoma Waldbaum’s, Radio Shack, Chase Bank 9614 SF Nanuet Mall South | Nanuet Premier Fitness, Jenny Craig, Quest Diagnostics 1500 SF Spring Valley Marketplace | Spring Valley Michaels, Bed Bath & Beyond, Christmas Tree Shops 1174 SF – 4400 SF Tali Plaza of Nyack | Nyack Riverspace Arts Theater, Subway, H&R Block 1339 SF – 2289 SF

For more information, please contact: Charles Hirsch chirsch@milbrookproperties.com Tom LiPuma tjlipuma@milbrookproperties.com | Rubin Pikus rpikus@milbrookproperties.com 42 Bayview Avenue | Manhasset, NY 11030 | T 516.869.1240 F 516.869.8576 | www.milbrookproperties.com


Lease Signings (continued from page thirty-two)

Renaud Consulting (703-404-2346) negotiated a lease with Subway for 1,400 sq.ft. at Kernstown Commons Shopping Center, located in Winchester, VA. The Lightstone Group (908-668-8300) negotiated a lease extension with Sears Hardware for 8,000 sq.ft. at New Smyrna Beach Shopping Center, a 101,321 sq.ft. center located at the intersection of U.S. Route 1/South Dixie Freeway and Sixth Street in New Smyrna Beach, FL. The tenant joins EPIC Beacon Theatre, Parts Depot, Dollar General, Sherwin Williams and McGee Tire.

NAI Houston (713-985-4627) negotiated a lease with SUA, Inc. for a 1,474 sq.ft. T-Mobile Limited along Green Oak Drive in Kingwood, TX. The company represented the landlord, Kingwood Pavilion Green Oak, Ltd., in the transaction. Sansone Group, Inc. (314-727-6664) negotiated a five-year lease with InsureOne for 1,226 sq.ft. at Buzz Westfall Plaza on the Boulevard, located along West Florissant Avenue in Jennings, MO. The company represented the landlord, a subsidiary called Sansone Plaza on the Boulevard, LLC, in the transaction.

Serving the New Jersey and New York Retail Marketplace We Pride Ourselves In The Company We Keep*

Weiss Realty is the Exclusive Leasing & Managing Agent for the Shoppes at Colonial Village. 832 to 2,182 Sq. Ft. of Prime Retail Space are available for lease. For more information regarding available retail space call Matthew B. Weiss/ Jaime M. Weiss – 201-814-1800

Route 27 & Parsonage Rd • Edison, NJ

At Weiss Realty we understand the site selection process, from identifying the “prime” retail site location to zoning analysis, architectural and engineering studies, due diligence reporting and lease negotiations. To learn more about our Retail Real Estate Services Contact; Jaime M. Weiss, (C) 201/615-0474 jweiss@jweissrealty.com Matthew B. Weiss, (C) 917/309-7861 mweiss@jweissrealty.com Or Visit Us On The Internet at www.JWeissRealty.com *A partial list of Weiss Realty transactions

Vita & Vita Realty Corp. (973-227-5233) signed leases with WindowRama for 3,000 sq.ft. and with Leisure Fitness for 4,500 sq.ft. at Plaza 46, located along Route 46 East in Fairfield, NJ. The company also signed leases with: GNC for 1,600 sq.ft.; Leila’s Beauty for 1,700 sq.ft.; Keystone Novelties and Bob Martin’s Nursery at Hills Plaza, located along Route 322 at State College, PA. The company also signed a lease with Dollar Tree for 12,000 sq.ft. at Broad Street Centre, located at the intersection of Route 41 and Route 70 South in Murfreesboro, TN. The company also signed leases with Kid to Kid for 3,150 sq.ft. and Ace Hardware for 12,000 sq.ft. at Hills Plaza South, located along Rolling Ridge Drive in College Township, PA. The company also signed a lease with Capital One Bank for 3,000 sq.ft. at Lincoln Park Plaza, located along Route 202 in Lincoln Park, NJ. Cafaro Co. (330-747-2661) negotiated leases with Kitchen Collection at: Frenchtown Square Mall, located in Monroe, MI; Governor’s Square Mall, located in Clarksville, TN; Kentucky Oaks Mall, located in Paducah, KY, and Kennedy Mall, located in Dubuque, IA. NAI Friedland Realty (914-968-8500) negotiated a 20-year lease with IHOP for a 5,000 sq.ft. space at Central Plaza Shopping Center, a 150,000 sq.ft. center located along Central Park Avenue in Yonkers, NY. The company represented the tenant and Ripco Real Estate Corp. represented the landlord, Ashkenazy Acquisitions Corp., in the transaction. The tenant joins Barnes & Noble, Marshalls, Shoe Megashop, Party City, Mandee, McDonald’s, Modell’s and Pizzeria Uno at the center. The company also negotiated a 20-year lease with Key Food for 11,000 sq.ft. along White Plains Road in Bronx, NY. The company represented the landlord, The Arker Cos., and the tenant in the transaction. The company also negotiated a five-year lease with Bella Beauty Supply for 3,000 sq.ft. along North Avenue in New Rochelle, NY. The company represented the tenant and the landlord, 207 North, LLC, in the transaction. The company also negotiated a five-year lease with Verizon FIOS for 2,900 sq.ft. along Bronxwood Avenue in Bronx, NY. The company represented the landlord, Bronxwood Parking Corp., and Cushman & Wakefield represented the tenant in the transaction. The company also negotiated a 10-year lease with Rockfort Jamaican Restaurant & Bakery for 800 sq.ft. along East Tremont Avenue in Bronx, NY. The company represented the tenant in the transaction. (continued on page fifty)

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December 11, 2009

The

Dealmakers

www.dealmakers.net



Food Retailers Expand Nationwide (continued from page twenty-two)

Papa’s Pizza To Go, Inc. trades as Papa’s Pizza To Go at 70 locations throughout AL, GA, MS, NC, SC, TN and VA. The pizzerias occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in entertainment and strip centers. Growth opportunities are sought throughout GA and NC during the coming 18 months. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores. Major competitors include CiCi’s Pizza, Domino’s Pizza, Little Caesar’s and Papa John’s. The company is franchising. For more information, contact Sam Askar, Papa’s Pizza To Go, Inc., 4465 Commerce Drive, Suite 101, Buford, GA 30518; 770614-6676, Fax 770-614-9095; Web site: www.papaspizzatogo.com. freshii operates 17 locations throughout Chicago, IL and Toronto, Ontario, Canada. The restaurants, offering custom-made salads, wraps and rice bowls, as well as soups, burritos and breakfast items, occupy spaces of 500 sq.ft. to 1,500 sq.ft. in endcaps, freestanding locations and strip centers. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by BCD. Typical leases run 10 to 15 years. The company prefers to locate in high profile midtown and downtown locations. Expansion is franchise-driven. For more information, contact Alexandra Turboff, BCD, 115 East 23rd Street, 6th Floor, New York, NY 10010; 212-260-5210 Ext. 16, Fax 212-2605211; Email: aturboff@bcdmail.com; Web site: www.bcdevelopment.com. Panda Express operates 1,263 locations nationwide. The quick service restaurants, offering Chinese food, occupy spaces of 2,100 sq.ft. in endcaps and 2,450 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought throughout Broward, Martin, Palm Beach and St. Lucie counties in FL during the coming 18 months, with representation by The Rotella Group. The company prefers to locate in centers anchored by grocery stores or major retail or entertainment tenants. Preferred demographics include a population of 45,000 within two miles. The company prefers to locate in sites with an average daily traffic count of 45,000 vehicles. For more information, contact Bill Pace or Steve Miller, The Rotella Group, 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-5689597; Emails: wrp@rotellagroup.com and steve@rotellagroup.com; Web site: www.rotellagroup.com. page 36

December 11, 2009

The

Fortney Cos. trades as Brothers Bar and Grill at 19 locations throughout CO, IA, IL, IN, KS, KY, MN, NE, OH and WI. The restaurant/bars occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding locations, entertainment centers, inline spaces, central business districts and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by UrbanSpace Commercial Properties. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include bar/restaurants and entertainment venues. The company will consider sites in college towns with enrollments above 15,000. For more information, contact Gary Perel, UrbanSpace Commercial Properties, 238 South Meridian Street, Suite 201, Indianapolis, IN 46225; 317-208-2690, Fax 317-8761447; Email: gperel@urbanspaceusa.com; Web site: www.urbanspaceusa.com. Pinkberry operates 75 locations throughout CA, NY and TX. The frozen yogurt shops occupy spaces of 1,000 sq.ft. in urban/ downtown areas and streetfronts. Plans call for three to five openings throughout Boston, MA during the coming 18 months, with representation by Bialow Real Estate, LLC. The company prefers to locate in areas with high pedestrian traffic and visibility and a dense residential population. For more information, contact Corey Bialow, Bialow Real Estate, LLC, 60 Wells Avenue, Suite 100, Newton, MA 02459; 617-928-9423, Fax 617-964-5318; Email: cbialow@bialow.com; Web site: www.bialow.com. Coast to Coast Commercial trades as Sonic Drive-In at one location in Mission Viejo, CA. The fast food restaurants occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in freestanding locations and pad sites. Plans call for four openings throughout Los Angeles and Orange counties in CA during the coming 18 months. Preferred demographics include a population of 25,000 within 1.5 miles earning $40,000 as the median household income. A land area of 30,000 sq.ft. is required. The company prefers to locate in areas with an average daily traffic count of 45,000 vehicles. For more information, contact Brandon Wesselink or Devon Wesselink, Coast to Coast Commercial, 26400 La Alameda, Suite 106, Mission Viejo, CA 92691; 949-680-4302/4303, Fax 949680-4300; Email: dwesselink@cox.net; Web sites: www.sonicdrivein.com and www.coast2coastcommercial.com. (continued on page forty-six)

Dealmakers

www.dealmakers.net

Conceiving and Developing Quality Real Estate for 40 Years

Peninsula Town Center Hampton, Virginia

www.peninsulatowncenter.com

Mall Properties, Inc. 654 Madison Avenue New York, NY 10065 Telephone: 212.935.1330 Fax: 212.832.5369 leasing@mallproperties.com www.mallproperties.com


C U R R E N T

P R O J E C T S

Introducing Peninsula Town Center, Hampton, Virginia

Mall Properties is proud to announce the 2009/2010 opening of Peninsula Town Center. The modern, energetic mixed-use development features Target, Macy’s and JCPenney, top restaurants, leading specialty shops and office space, as well as upscale residential units set around beautifully landscaped parks.

Mercury Plaza, Hampton, Virginia

Opportunities for anchor and in-line spaces are available now at Mercury Plaza. Located on one of the busiest retail thoroughfares in the Tidewater/Hampton Roads area, the $250 million dollar redevelopment of Peninsula Town Center is expected to attract even more retail growth to Mercury Plaza, adjacent to the area’s only Bass Pro Shop.

Georgia

Akers Mill Square (400,000 sf)—Cobb County, Atlanta Bed Bath & Beyond, Sports Authority, Toys “R” Us, OfficeMax, LA Fitness, Party City

Louisiana

The Mall at Cortana (1,650,000 sf)—Baton Rouge Dillard’s, JCPenney, Macy’s, Sears Cortana Square & Fringe (370,000 sf)—Baton Rouge Wal-Mart, Lowe’s, Babies “R”Us, Old Navy, Bed Bath & Beyond, Shoe Carnival, Guitar Center, Office Depot Siegen Lane Marketplace (1,000,000 sf)—Baton Rouge Wal-Mart, Sam’s, Lowe’s, Bed Bath & Beyond, Old Navy, T.J. Maxx, Kohl’s, Chili’s, Chuck E. Cheese’s, Wendy’s, Courtyard by Marriott, Residence Inn Sicily’s Plaza (27,500 sf)—Baton Rouge Sicily’s Italian Buffet, Oreck Vacuum, Honey Baked Hams, GameStop

Montana

West Plaza, Glendive—Kmart

New Jersey

Fashion Center, Paramus—Bed Bath & Beyond, T.J. Maxx

New York

Great South Bay (500,000 sf)—Babylon, Long Island Bed Bath & Beyond, Marshalls, Old Navy, Ann Taylor Loft, Panera Bread, Bath & Body Works, The Children’s Place King Kullen Plaza, Babylon, Long Island—King Kullen, Rite Aid Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie, Victoria’s Secret, J. Crew, Sephora, Bebe, H&M Northway Mall (600,000 sf)—Colonie (Albany) Target, Marshalls, Jo-Ann Etc, Staples, David’s Bridal, BJ’s Wholesale Club, Petco, Dress Barn, Eddie Bauer Outlet Parkchester Retail District—Bronx 650,000 sf. of Retail Shops with Macy’s, Offices and over 12,000 Apartments Savoy Shops—Third Avenue, 60th-61st Streets, New York City 65,000 sf. of Retail Shops, California Pizza Kitchen, Dylan’s Candy Bar

Pennsylvania

St. David’s Square (217,000 sf)—St. David’s, Philadelphia T.J. Maxx, Bed Bath & Beyond, HomeGoods, Genuardi’s, Micro Center

Virginia

Mercury Plaza (350,000 sf)—Hampton Burlington Coat Factory, Texas Steakhouse & Saloon, Cracker Barrel Old Country Store, Wachovia Bank, GNC, Supercuts Coliseum Square (43,000 sf)—Hampton Lane Bryant

Hotels

Residential

Baton Rouge, LA Columbus, OH (Easton) Courtyard by Marriott, Hilton Columbus, Courtyard by Marriott, Residence Inn by Marriott Residence Inn by Marriott Fairfax, VA Marco Island, FL Marriott Hilton Marco Island

Parkchester, Bronx, NY 12,271 Apartments 650,000 Square Feet of Retail

Visit our booth: 170 Rhinelander Gallery, ICSC New York Deal Making




Apparel Chains Expand Nationwide (continued from page one)

Talk of the Walk, Inc. trades as Talk of the Walk at six locations throughout FL and NJ. The stores, offering high-end women’s apparel, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in tourist centers within resort areas. Growth opportunities are sought nationwide during the coming 18 months. Preferred cotenants include upscale retailers. For more information, contact Geoffrey Lovitz, Talk of the Walk, Inc., 410 South Main Street, Pleasantville, NJ 08232; 609641-4400, Fax 609-641-5530; Email: geoffrey@talkofthewalk.com; Web site: www.talkofthewalk.com.

Crazy Shirts operates 40 locations throughout CA, FL, HI, NV, SC and internationally. The stores, offering apparel and accessories for men, women and children, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in specialty, strip and tourist centers. Growth opportunities are sought throughout CA, FL, HI, VA and SC during the coming 18 months, with representation by Townsend & Associates. For more information, contact Michael Rielly, Townsend & Associates, 5757 Wilshire Boulevard, Suite 300, Los Angeles, CA 90036; 310-286-9945, Fax 323-904-6302; Email: mrielly@townsendassociates.com; Web site: www.crazyshirts.com.

E S E H T E K I L S E TIM ! E N O Z O T U A R O CALL F

Growing Strong...Over 4,300 stores, and we open more every week Stores That Are 100% Company Owned And Operated...No franchisees Financially Disciplined...We make the right decisions to protect our shareholders Reliable...Whether purchase money or rent, our funds will be there...on time, every time Rock Solid...AutoZone continues to grow and prosper during these challenging times

+ Stores typically range from 6,500 square feet to 8,000 square feet + Must accommodate between 25 and 40 uncongested, customer-friendly parking spaces + We require up-front, high-impact locations with excellent visibility & access from adjacent streets + Land purchases, ground leases, existing space, and build-to-suit opportunities considered

AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,100 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and over 150 stores in Mexico.

Visit our website at www.autozonerealestate.com for additional information STORE DEVELOPMENT DEPT. | P.O. BOX 2198 | MEMPHIS, TN 38101 | FAX: [901] 495–8969 ©2009 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.

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December 11, 2009

The

Dealmakers

www.dealmakers.net

dressbarn operates 800 locations throughout 46 states nationwide. The stores, offering offprice women’s apparel, including dresses, sportswear, casual wear and accessories, occupy spaces of 8,000 sq.ft. in power centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. Jos. A. Bank operates 450 locations nationwide. The stores, offering men’s tailored and casual apparel, footwear and accessories, occupy spaces of 4,500 sq.ft. in freestanding locations, lifestyle centers and outparcels. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. The company will also consider mall locations with exterior entrances. Rainbow operates 1,000 locations nationwide. The stores, offering discounted apparel for juniors, plus sizes and children, occupy spaces of 4,000 sq.ft. in power centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. For more information, contact Jay Cohen, L3 Corp., 12655 Olive Boulevard, Suite 220, St. Louis, MO 63141; 314-469-7400, Fax 314-576-9768; Email: jay@l3corp.net; Web site: www.l3corp.net. American Apparel operates 240 locations nationwide and internationally. The stores occupy spaces of 3,000 sq.ft. in enclosed malls and lifestyle centers. Growth opportunities are sought throughout Canada during the coming 12 months, with representation by Think Retail. For more information, contact Tony Flanz, Think Retail, 6600 Decarie Boulevard, Suite 210, Montreal, Quebec, Canada H3X 2K4; 514-731-7936, Fax 514-731-0122; Email: tflanz@thinkretail.ca; Web site: www.thinkretail.ca. European Creations, Ltd. trades as Aldila at 10 locations throughout Canada. The women’s apparel stores occupy spaces of 1,200 sq.ft. in regional malls and strip centers. Plans call for three openings throughout British Columbia and Calgary, Canada during the coming 18 months. Typical leases run five years. Preferred cotenants include women’s apparel retailers. Preferred demographics include a population of 200,000 within five miles earning $60,000 as the average household income. For more information, contact Hasan Sarihan, European Creations, Ltd., 12240 Horseshoe Way, Suite 14, Richmond, British Columbia, Canada, V7A 4X9; 604275-0440, Fax 604-275-0433; Email: europeancreations@telus.net. DM


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Buyers and Sellers (continued from page twenty)

Smith Attaway Co., LLC negotiated the sale of a 9,180 sq.ft. Family Dollar site located in Marietta, SC. The tenant is bound to a 10year NN lease commenced during December 2006 featuring five, five-year options and 10% rent escalations at each option. For more information, contact Sean Molloy, Smith Attaway Co., LLC, 3455 Peachtree Road Northeast, The Pinnacle Building, Suite 500, Floor Five, Atlanta, GA 30326; 404-995-6700, Fax 678-669-2412; Email: sean.molloy@smithattaway.com; Web site: www.smithattaway.com. Piedmont Realty Association is selling a 14,550 sq.ft. Walgreens situated on 1.5 acres along East Main Street in Lincolnton, NC. The tenant is bound to a 25-year lease set to commence during November 2010. Area retail includes CVS, Belk, Walmart and Aldi. Trade-area demographics include a population of 50,000. The NOI is $445,914. The asking price is $6.2 million with a Cap rate of 7.2%. For more information, contact Bill Spurrier, Piedmont Realty Associates, 2671 East Main Street, Lincolnton, NC 28092; 704-7364340; Email: bills@piedcorp.com.

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Marcus & Millichap Real Estate Investment Services negotiated the sale of a 19,097 sq.ft. Tractor Supply Co. situated on a 3.698-acre parcel along Jandy Boulevard in Nazareth, PA. The tenant is bound to a 15-year NN lease with 10% rent escalations every five years. Jandy Boulevard Limited Partnership acquired the property for $3.5 million from TKC CVII, LLC. The company represented the seller and the buyer in the transaction. For more information, contact Marcus & Millichap Real Estate Investment Services, 1628 JFK Boulevard, Suite 1200, Philadelphia, PA 19103; 215-531-7000, Fax 215-531-7010; Web site: www.marcusmillichap.com. Charles Wayne Properties, Inc. is selling a 4,158 sq.ft. Friendly’s Restaurant situated on a land area of 36,400 sq.ft. along Babcock Street in Melbourne, FL. The tenant is bound to a 32-year NNN lease set to expire during February 2019 featuring two, five-year options and 10% rent escalations every three years. The asking price is $1.035 million with a Cap rate of 8%. For more information, contact Sam Nasrallah, Charles Wayne Properties, Inc., 480 Spoonbill Lane, Melbourne Beach, FL 32951; Email: nnnman@aol.com.

Dealmakers

www.dealmakers.net

United Equities Corp. acquired a Walgreens located in MO. The tenant was bound to a lease with 24 years remaining on the original lease term. The company is also looking to acquire portfolios of new CVS properties nationwide. For more information, contact Arnold Kramer, United Equities Corp., 875 North Michigan Avenue, Suite 3100, Chicago, IL 60611; 312-523-7222, Fax 312-803-9652; Email: akramer@unitedeq.net. Brauvin Real Estate is looking to acquire individual and portfolios of single-tenant properties nationwide. Suitable properties feature national tenants bound to NNN or NN leases with rent escalations, are located in A or B locations in markets with populations above 50,000 and feature asking prices ranging from $1 million to $5 million per property. For more information, contact Mark C. Lewensohn or Eric Saltzman, Brauvin Real Estate Funds, 205 North Michigan Avenue, Suite 1900, Chicago, IL 60601; 312-759-7662/ 7668; Emails: mlewensohn@brauvin.com and esaltzman@brauvin.com. (continued on page forty-four)


?

IS YOUR REAL ESTATE WORKING...

against

Yo u

For

You

Are you a retailer that needs to reduce its occupancy costs? Are you carrying stores that need to be closed, or do you have dark stores that are creating liquidity issues? These are just a few examples of how your real estate can be working against you. At DJM Realty we dispose of your underperforming lease and fee owned properties. We will renegotiate your occupancy costs. We will provide access to significant capital to resolve liquidity problems created by your real estate holdings. In addition, we will use our capital to partner with retailers and investors looking to take advantage of unique growth opportunities. As seasoned retail real estate executives, we understand the challenges that both retailers and landlords face in today’s market. We use that knowledge to create customized real estate solutions that work for everyone.

Let us put your real estate back to work for you.

Andy Graiser agraiser@djmrealty.com 631.927.0029

Emilio Amendola eamendola@djmrealty.com 631.927.0023

Peter Lynch plynch@djmrealty.com 213.533.1042

w w w. d j m r e a l t y. c o m

Representative 2009 Clients

Michael Jerbich mjerbich@djmrealty.com 312.928.1900


Buyers and Sellers (continued from page forty-two)

USAA Real Estate Co. acquired a partial interest in the Regency Retail Portfolio, consisting of eight grocery-anchored retail properties with a combined GLA of 813,193 sq.ft. The properties within the portfolio are located throughout the Los Angeles and San Francisco, CA; Orlando, FL; Atlanta, GA; Raleigh/Durham, NC and Dallas/Ft. Worth and Houston, TX metropolitan areas. For more information, contact USAA Real Estate Co., 9830 Colonnade Boulevard, Suite 600, San Antonio, TX 78230-2239; 800531-8182, Fax 210-641-8425; Web site: www.usrealco.com.

Forte Capital Management is looking to acquire single-tenant properties nationwide. Suitable properties are tenanted by Walgreens, CVS, Lowe’s Home Improvement, Home Depot, banks or other credit tenants, feature tenants bound to NNN leases with 10 years or more remaining on the original lease term and are priced between $6 million to $8.5 million with Cap rates between 8% and 9%. For more information, contact Chaim Cahane, Forte Capital Management, 55 Washington Street, Suite 706, Brooklyn, NY 11201; 718-643-9082, Fax 718-301-1276; Email: ccahane@fortecap.com.

RD Management, LLC is selling a 22-acre parcel located at the intersection of Interstate 75 and Holly Road in Grand Blanc, MI. For more information, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. Birnbaum Property Co. is selling a 2,885 sq.ft. restaurant situated on a land area of 46,516 sq.ft. at the intersection of Tezel Road and Camino Rosa in San Antonio, TX. Area retail includes Wendy’s, Discount Tire Direct, Domino’s Pizza, Subway, McDonald’s, El Pollo Loco, Little Caesar’s, Jack in the Box, CVS, KFC, Taco Bell, Jiffy Lube, Blockbuster Video, RadioShack and Burger King. Area demographics include a population of 259,254 within a five-mile radius earning an average household income of $63,791. The average daily traffic count is $33,012. The asking price is $800,000. For more information, contact P.J. Pfeiffer or John Moake, Birnbaum Property Co., 8000 IH-10 West, Suite 200, San Antonio, TX 78230; 210-3497711 Ext. 208, Fax 210-349-7710; Email: jmoake@birnbaumproperty.com; Web site: www.birnbaumproperty.com. Agree Realty Corp. is selling a 0.84-acre parcel located along Bristol Road in Burton, MI. Area retail includes Kroger, Wendy’s and Tim Horton’s. Area demographics include a population of 146,661 within a five-mile radius earning an average household income of $47,398. The average daily traffic count is 26,415 vehicles. For more information, contact Rob Cohon, Agree Realty Corp., 31850 Northwestern Highway, Farmington Hills, MI 48334; 248-737-4190 Ext. 224; Email: rob@agreerealty.com; Web site: www.agreerealty.com. Southeast Realty Group, Inc. is selling outlots along Highway 52 in Darlington, SC. Area retail includes Movie Gallery, KFC, Wendy’s, Food Lion, Walgreens, McDonald’s, Pizza Hut and Huddle House. Area draws include Darlington Raceway. Area demographics include a population of 15,000 within a fivemile radius earning an average household income of $36,000. The average daily traffic count is 20,000 vehicles. The asking price is $150,000 per parcel. For more information, contact Steve Allen, Southeast Realty Group, Inc., 451 Olympus Drive, Juno Beach, FL 33408; 561-832-7880, Fax 561-691-1848; Email: steve@southeast-realty.com. DM

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Food Retailers Expand Nationwide Cefiore operates 30 locations throughout AL, CA, CO, FL, KY, NV, WA and internationally. The shops, offering non-fat frozen yogurt, occupy spaces of 600 sq.ft. to 1,200 sq.ft. in downtown areas and streetfronts. Growth opportunities are sought throughout Manhattan, NY during the coming during the coming 18 months, with representation by Winick Realty Group. Just Salad operates seven locations throughout NY and Hong Kong. The restaurants, offering salads, soups and wraps, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in downtown areas. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by Winick Realty Group. The company prefers high-traffic locations near office buildings. The Bad Ass Coffee Co. operates 65 locations nationwide and in Japan. The coffee shops occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in streetfront locations. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by Winick Realty Group. Typical leases run 10 years. For more information, contact Joseph Isa, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2647, Fax 212-792-2660; Email: joseph@winick.com; Web site: www.winick.com.

(continued from page thirty-six)

Barnie’s Coffee & Tea Co., Inc. trades as Barnie’s Coffee & Tea Co. at 45 locations throughout AL, FL, GA, IN, TN and internationally. The shops, offering gourmet coffee, teas and frozen drinks, in addition to pastries, prepackaged food items and accessories, such as mugs, cups, canisters, kettles and pitchers, occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in endcaps, freestanding locations, malls and lifestyle, outlet, power, specialty and strip centers, in addition to urban/downtown areas. Growth opportunities are sought throughout the southeastern region during the coming 18 months. Typical leases run 10 years. Preferred cotenants include upscale department stores and movie theaters. Preferred demographics include a population of 90,000 earning $60,000 as the average household income. Major competitors include Starbucks. The company prefers sites with outdoor seating and a drive-thru. For more information, contact Susan White, Barnie’s Coffee & Tea Co., Inc., 2126 West Landstreet Road, Suite 300, Orlando, FL 32809; 407-854-6654, Fax 407-8546601; Email: franchise@barniescoffee.com; Web site: www.barniescoffee.com.

RE AL ES TATE

Camille’s Sidewalk Café operates 67 locations nationwide. The restaurants, offering sandwiches, salads, soups and wraps, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in urban/ downtown areas. Selective expansion will be considered throughout the downtown areas and the financial district of San Francisco, CA during the coming 18 months, with representation by Terranomics Retail Services. Panda Express operates 1,263 locations nationwide. The Chinese restaurants occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding locations and entertainment, power, specialty and strip centers, in addition to urban/downtown areas. Plans call for six openings throughout the Coachella Valley and northern areas of CA during the coming 18 months, with representation by Terranomics Retail Services. A vanilla shell and specific improvements are required. Preferred cotenants include Target, Walmart and big box retailers. Preferred demographics include a population of 50,000 within two miles. For more information, contact Sharon Carmichael, Terranomics Retail Services, 1350 Bayshore Highway, Suite 900, Burlingame, CA 94010; 408-200-8811, Fax 408-2008810; Email: scarmichael@terranomics.com; Web site: www.terranomics.com. DM

S O U T H E A S T LLC

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Leasing | ManageMent | Re-DeveLopMent p.o. box 681955 | pRattviLLe, aL 36068 | phone: 1-866-283-5516 | fax: 334-491-6210 page 46

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Who’s Opening and Where (continued from page thirty)

The Estee Lauder Cos., Inc. (800-308-2334) plans to open 65 MAC stores nationwide and internationally during its 2010 fiscal year. The cosmetics retailer recently opened a store in Grand Central Terminal in New York, NY and is slated to open a store in the Times Square area of New York, NY during the spring of 2010. Starbucks Corp. (206-447-1575) plans to open 100 Starbucks coffee shops nationwide during 2010 along with 200 international stores. The expansion comes largely from licensees.

The Kroger Co. (513-762-4000) plans to open a 123,000 sq.ft. Kroger Marketplace at the intersection of Eldorado Parkway and Custer Road in Frisco, TX during January 2010. The company also plans to open a Kroger Marketplace at Alliance Town Center, a 300-acre project located along Interstate 35 West between North Tarrant Parkway and Heritage Trace Parkway in Tarrant County, TX. The Marketplace concept is the company’s response to competition from Walmart Supercenters and SuperTarget stores. The floorplan is double the size of a traditional Kroger Signature market and includes grocery, deli, floral,

The best of both worlds! Urstadt Biddle Properties Inc. is the dominant grocery-anchored shopping center owner in the Westchester/Fairfield County markets. We currently have big box availabilities in:

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STAPLES PLAZA Yorktown 21,165 SF Preleasing

9,884 SF Available

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Located adjacent to BJ’s Wholesale Club. High visibility on Rt. 202.

Trader Joe’s-anchored center. Located on Rt. 1 (Boston Post Road).

UBP owns 43 properties containing over 3.8 million square feet. For leasing information, contact Linda Lacey x202. For acquisition information, contact Jim Aries x224.

321 Railroad Avenue • Greenwich, CT 06830 203-863-8200 • Fax: 203-861-6755 • www.ubproperties.com

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organic, gourmet, chef-prepared food and wine sections, along with bed, bath, kitchen, tabletop and Ashley-branded furniture departments. The Marketplace stores also feature drive-thru pharmacies and gasoline facilities. The Alliance Town Center store joins JCPenney, Sam Moon Trading Co., Belk, Best Buy and Hobby Lobby, along with future Rooms To Go, BJ’s Restaurant and Brewhouse, Freebirds World Burrito and Kirkland’s sites. Healthy Fast Food, Inc. (702-448-5301), through its wholly-owned subsidiary U-SWIRL International, Inc., will open a U-SWIRL Frozen Yogurt parlor along West Flamingo Road in Las Vegas, NV during February 2010. The 2,578 sq.ft. store will offer 20 flavors of frozen yogurt, sold by the ounce, and 60 toppings. Through a franchisee, the company will open 18 stores throughout the Phoenix, AZ metropolitan area. Dollar General Corp. (615-855-4000) plans to open Dollar General stores during the next several years as part of a plan to eventually operate 20,000 units nationwide. The discount stores typically occupy spaces of 7,000 sq.ft. and offer apparel, home goods, seasonal products and consumables. The company opened 207 stores and remodeled 404 existing sites during 2008, and currently operates 8,500 units nationwide throughout 35 states. Lowe’s Cos., Inc. (704-758-1000) plans to open a 120,000 sq.ft. Lowe’s Home Improvement store along Taylor Avenue in Parkville, MD. The store, slated to open during the fourth quarter of 2010, features a 26,600 sq.ft. garden center and a 94,000 sq.ft. home improvement store and will be D M the company’s 26th location in MD.

The Dealmakers wants to market your projects for FREE! Submit your project information easily at www.dealmakers.net/ FreePublicity.aspx

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Lease Signings Excess Space Retail Services, Inc. (516-3656400) negotiated a sublease for 20,390 sq.ft. along Central Park Drive in O’Fallon, IL from Furniture Brands to KBL America, Inc. The company also negotiated a sublease for 4,268 sq.ft. along Rana Villa Avenue in Camp Hill, PA from Knowledge Learning Center to Al-Huda, Inc. The company also negotiated a sublease for 16,008 sq.ft. along Route 33 in Hamilton, NJ from Staples to Game Time Performance, LLC. The company also negotiated a lease for 3,650 sq.ft. to Cager Family Trust, LLC along Broad Street in Sumter, SC. The tenant leased the property from GE Capital Solutions.

NAI Emory Hill|Jim O’Hara Realty, LLC (302-322-9500) negotiated leases with Take the Lead Dance Studio for 6,000 sq.ft. and State Farm Insurance for 1,600 sq.ft. at Lantana Square Shopping Center, located in Hockessin, DE. The company also negotiated a lease with Great Harvest Bread Co. for 2,000 sq.ft. at Harmony Center, located in New Castle, DE. The company also negotiated a lease with New York Bagel Café for 2,000 sq.ft. at Churchman’s Center, located along Churchman’s Road in Newark, DE. The company also signed a lease with Cricket Wireless for 2,200 sq.ft. at Liberty Center, located along Kirkwood Highway in Newark, DE.

Konover South, LLC (954-354-8282) negotiated a lease renewal with H&R Block for 1,150 sq.ft. at Inverrary Falls Retail Center, an 85,000 sq.ft. center located at the intersection of Oakland Park Boulevard and Inverrary Boulevard in Lauderhill, FL. Cotenants include Publix, Bank Atlantic, Blockbuster Video, Footmart, Golden Krust, Gourmet China, Little Caesar’s, MetroPCS, Premier Restaurant, Sarah’s Beauty Supply & Accessories, The UPS Store and Wachovia Bank at the center.

Welco Realty, Inc. (914-576-7500) negotiated a lease with Dick’s Sporting Goods for a 60,000 sq.ft. former Linens ‘N Things site at Paramus Towne Square, located in Paramus, NJ. The company also negotiated a lease with Party City for a 14,000 sq.ft. portion of a former Linens ‘N Things site in New Rochelle, NY. The company also negotiated a lease with HomeGoods for a 25,000 sq.ft. portion of a former Linens ‘N Things site at Nassau Park Pavilion, located in Princeton, NJ.

(continued from page thirty-four)

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Centro Properties Group (212-869-3000) signed a lease with Edward Jones for 1,038 sq.ft. at Maple Village, located at the intersection of Maple Road and Jackson Road in Ann Arbor, MI. Martin Zide Real Estate Broker represented the tenant in the transaction. The company also signed a lease with Simply Fashion for 4,950 sq.ft. at Stockbridge Village, located at the intersection of Highway 138/Stockbridge Road and Hannover Parkway South in Stockbridge, GA. Tucker Development Corp. (847-926-9999) negotiated a lease with Brick House Tavern & Tap for a 6,575 sq.ft. outlot at Pointe Plaza, a 330,000 sq.ft. shopping center located in Niles, IL. The tenant joins Walmart, Babies “R” Us, Starbucks, Men’s Wearhouse, Bath & Body Works, Jimmy John’s and Walgreens. Faison (954-943-4683) negotiated a lease with Unique Dezigns for 1,000 sq.ft. at Pompano Citi Centre, a mixed-use lifestyle center located in Pompano Beach, FL. The tenant joins Macy’s, JCPenney, Sears, Lowe’s Home Improvement, Panera Bread, Pollo Tropical, Office Depot, GameStop, Bath & Body Works, Hallmark and Claire’s. DM




At DLC, we know opportunity is not found within rigid boundaries. We approach every project with creativity, innovation, foresight and vision to see beyond what is - to what can be. Outside the lines is where deals get done, complexity is made simple, and success is realized. Want a crayon?

Corporate Headquarters: 580 White Plains Road, Tarrytown, NY 10591 97

shopping centers

26

states

16.5

1.866.DLC.MGMT

www.dlcmgmt.com

million square feet

VISIT US AT THE ICSC NEW YORK DEAL MAKING CONFERENCE BOOTH 176, RHINELANDER GALLERY




FO

R LE

AS

E

FOR

FOR

E

LEAS

E

LEAS

FOR LEASE

Space Place Arizona

Arkansas

California

Phoenix – An 8,400 sq.ft. freestanding building located on West Camelback Road is available. The asking rent is $9.95 psf. Also, a 25,000 sq.ft. freestanding building located on West Washington Street is available. The asking rent is $5.75 psf. Tucson – A 1,400 sq.ft. freestanding building located on Oracle Road is available. The asking rent is $15 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

7767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Cotenants include Big 5 Sporting Goods, Mr. Goodwash, Burger King, Boot Barn, Hana Restaurant, Chantelle Day Spa, E&C Jewelers, Joy Nails and Spa, California Yogurt, Capezio, Patti’s Hallmark, Anna’s Linens, L&L Hawaiian Barbeque, Ocean Thai Cuisine, Once Upon a Child, Catherines, Chuck E. Cheese’s, Outback Steakhouse, Famous Footwear, Ross Dress for Less, Men’s Wearhouse, Pier 1 Imports, Sleep Train, Scottrade, Frame Designs & Gallery, Haircutters, Wings N Things, Subway, GameStop, Chipotle, Barnes & Noble, Chili’s, Oreck, Jamba Juice, Macaroni Grill, The Vitamin Shoppe, Tilly’s, Ulta, Michaels, Sleep Train, Lenscrafters, Red Lobster, El Torito, Wells Fargo, Q Sports Bar and Grill and Union Bank. Area retail includes Toys “R” Us and Petco. Area demographics include a population of 215,387 within five miles earning $78,972 as the average household income. Also, Fire Mountain Center, a 92,378 sq.ft. center situated on 9.5 acres at the intersection of Vista Way and Via Esmarca, has a 1,768 sq.ft. space available. Cotenants include FedEx Office, Anita’s Fine Mexican Cuisine, Pacific Marine Credit Union, Jack in the Box, Beverages & More, Fire Mountain Cleaners, Venus Nails, *plus Mailboxes, Sushi N Joy, AT&T Mobility, Roberto’s Hair Salon, Treasure House Gifts & Antiques, Farm Boy, Aaron Bros., Comfort Zone Futons, Trader Joe’s and Lamps Plus. Area demographics include a population of 215,401 within five miles earning $74,077 as the average household income. For details, contact Norma Salzhandler, Kimco Realty, 1621-B Melrose Drive, Vista, CA 92081; 760-598-2077; Email: nsalzhandler@kimcorealty.com; Web site: www.kimcorealty.com.

Arkansas Forrest City – A 12,730 sq.ft. freestanding building located on North Washington Street is available. The asking rent is $6.95 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-

California Oak Park – Oak Park Plaza, located at the intersection of Kanan Road and Lindero Canyon Road, has spaces available of 1,900 sq.ft.; 2,055 sq.ft. and 4,299 sq.ft. along with a 1,410 sq.ft. restaurant space. Cotenants include Beau Image Day Spa, Leila’s Fine Dining, Starbucks and Subway. Area demographics include a population of 51,360 within three miles earning $142,935 as the average household income. For details, contact Charlie Cangelosi, Retail Net Lease Properties; 310-2527656; Email: charlie@rnlp.biz; Web site: www.rnlp.biz. Oceanside – El Camino North, a 366,775 sq.ft. center situated on 42.69 acres between State Highway 78 and Vista Way, has spaces available from 1,256 sq.ft. to 38,902 sq.ft.

Paracom Realty Corporation is a full‐service, commercial real estate Brokerage, specializing in retail leasing & development with a network of affiliates across Canada. • Tenant & Landlord Representation • Sales of Commercial Properties • Land Acquistion & Disposition

• Lease & Sale Negotiations • Demographic profiling & mapping • Over 25 years experience

www.paracom.ca Quebec Office: Paracom Immobilier (Quebec) 12B‐1210 de Maisonneuve Ouest Montreal, Quebec H3A 0A2 Tel: 514‐895‐6967 bunny@paracom.ca

Toronto Office: Paracom Realty Corporation 1 Eglinton Avenue East, Suite 601 Toronto, ON M4P 3A1 Tel: 416.483.1553 info@paracom.ca page 56

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Connecticut Avon – Nod Brook Mall, located on West Main Street, has spaces available from 800 sq.ft. to 3,000 sq.ft. along with a pad site. Cotenants include Michaels, Marshalls and 99 Restaurant. Branford – Branhaven Plaza, located on West Main Street, has a 6,115 sq.ft. space available. Cotenants include A&P, Kohl’s, Gap, Payless ShoeSource and GameStop. Derby – ShopRite Plaza, located on Pershing Drive, has spaces available of 3,700 sq.ft. and 5,500 sq.ft. ShopRite anchors the center and cotenants include Angel Tips, Petland and Pay-Half. Middlebury – The Crossroads at Middlebury East has spaces available from 1,200 sq.ft. to 3,300 sq.ft. (continued on page fifty-eight)


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PINEVILLE TOWNE MARKET 83,499 S.F. GLA INLINE SPACE AVAILABLE FOOD LION, DOLLAR GENERAL, AARON RENTS, GOODYEAR, FLOORING AMERICA, WEIGHT WATCHERS

1,200-1,686 S.F. AVAILABLE CONTACT (877) 797-1472

PITTSBURGH, PA KENNYWOOD SHOPS 198,210 S.F. GLA ANCHOR POSITION AVAILABLE

OUTPARCEL AVAILABLE — 4,000 SF GIANT EAGLE, FAMOUS LABELS, DOLLAR GENERAL, FASHION BUG,

1,640 - 31,400 S.F. AVAILABLE CONTACT (877) 797-1472 SAM COOPER

DAYTON, OH

WASHINGTON PARK PLAZA 178,750 S.F. GLA

ANCHOR POSITION AVAILABLE RESTAURANT SPACE AVAILABLE OLD TIME POTTERY, UNITED ART, SAM’S CLUB*, ARROW WINE & SPIRIT, HOMETOWN BUFFET, HARRIGAN’S TAVERN

MICHAEL MAHAN, JR.

OAK PARK HEIGHTS, MN

GREEN COVE SPRINGS, FL

ANCHOR POSITION AVAILABLE KOWALSKI’S MARKET, DOMINO’S THE UPS STORE, BURGER KING*, OAK PARK WINE & SPIRITS, VICTORY SPORTS & FITNESS

1,330 - 24,851 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER

IRWIN, PA

NORWIN HILLS 244,364 S.F. GLA ANCHOR POSITION AVAILABLE ALDI, RITE AID, GOODWILL, GNC, GALAXY FITNESS, FASHION BUG

800 - 31,000 S.F. AVAILABLE CONTACT (877) 797-1472 SAM COOPER

MAGNOLIA LAYNE 87,010 S.F. GLA HARVEY’S GROCERY, DOLLAR GENERAL, SOCADA FITNESS, PIZZA HUT*, SUBWAY, ALLSTATE, CURVES, HARDEE’S* * Not Owned

975 - 3,403 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES

ROCK HILL, SC

MARKET ON CHERRY RD. 129,518 S.F. GLA OUTPARCEL AVAILABLE +/- 0.8 Acres OFFICE DEPOT, BIG LOTS, ANNA’S LINENS, LEBO’S, IT’S FASHION METRO, PAYLESS 1,500 - 2,000 S.F. AVAILABLE CONTACT (877) 797-1472

JEFFREY JAMES/MICHAEL MAHAN, JR.

GREAT LEASING OPPORTUNITIES WITH FREE RENT AVAILABLE

Disclaimer: Subject to errors and omissions.

RUFE SNOW VILLAGE

99,331 S.F. GLA

365 SOUTH STREET MORRISTOWN, NJ 07960 TEL. (727) 403-7777 FAX (727) 517-2276 www.lamarcompanies.com

LEWISVILLE, TX GARDEN PARK 178,335 S.F. GLA

JR. ANCHOR POSITION AVAILABLE OUTPARCEL AVAILABLE

ANCHOR POSITION AVAILABLE

AARON RENTS, AMERICAN GENERAL, JACKSON HEWITT BASKIN ROBBINS, CD WAREHOUSE

STEIN MART, CHRISTIAN FAMILY BOOKSTORE, OISHI HIBACHI & SUSHI

+/- 0.37 ACRES

OUTPARCEL AVAILABLE +/-0.73 ACRES

247 - 45,528 S.F. AVAILABLE CONTACT (877) 797-1472

1,030 - 30,090 S.F. AVAILABLE

FLORENCE, KY

CRAWFORDSVILLE, IN

87,364 S.F. GLA

CRAWFORDSVILLE SQUARE 297,542 S.F. GLA

JEFFREY JAMES

*Not Owned 1,600 - 22,953 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER

OAK PARK PONDS 105,645 S.F. GLA

N RICHLAND HILLS, TX

VILLAGE AT THE MALL ANCHOR POSITION AVAILABLE OUTPARCELS AVAILABLE +/-0.5 ACRES PIER 1 IMPORTS, DOLLAR TREE, THE TILE SHOP, VITAMIN SHOPPE, HONEY BAKED HAM 2,000 - 18,095 SF AVAILABLE CONTACT (877) 797-1472

JEFFREY JAMES/SAM COOPER

ORANGE PARK, FL

SOUTH BLANDING VILLAGE 108,954 S.F. GLA FUTURE EXPANSION

OUTPARCELS AVAILABLE

+/-0.28 & 0.85 ACRES STAPLES, BIG LOTS, WOOD YOU, BAILEY’S POWERHOUSE GYM

Future Expansion +/- 20,000 S.F. CONTACT (877) 797-1472 JEFFREY JAMES

FAYETTEVILLE, GA BANKS CROSSING 256,930 S.F. GLA JR. ANCHOR POSITION AVAILABLE JC PENNEY, KROGER, GUITAR CENTER, FARMER’S FURNITURE, GOODYEAR

CONTACT (877) 797-1472 JEFFREY JAMES

ANCHOR POSITION AVAILABLE OUTPARCELS AVAILABLE 3,800 SF, +/-0.76; 1.47; 2.59 & 3.32 ACRES KROGER, THRIFTY’S, HIBBETT SPORTS 1,078 - 54,188 S.F. AVAILABLE CONTACT (877) 797-1472

JEFFREY JAMES/SAM COOPER

ANDERSON, SC

ANDERSON PAVILION 64,221 S.F. GLA END CAP AVAILABLE AGGRESSIVE RENTS PUBLIX 3,150 S.F. AVAILABLE CONTACT (877) 797-1472

JEFFREY JAMES/MICHAEL MAHAN, JR.

CHARLESTON, SC

WEST ASHLEY SHOPPES 136,260 S.F. GLA OUTPARCEL AVAILABLE +/-1.49 ACRES ROSS DRESS FOR LESS, WORLD MARKET, BED BATH & BEYOND, CATHERINE’S

1,050 - 4,900 S.F. AVAILABLE

1,400 - 12,068 S.F. AVAILABLE CONTACT (877) 797-1472

JEFFREY JAMES/MICHAEL MAHAN, JR.

INDIANAPOLIS, IN

FORT WAYNE, IN

JR. ANCHOR POSITION AVAILABLE

ANCHOR POSITION AVAILABLE OUTPARCEL +/- .95 ACRES

CONTACT (877) 797-1472

JEFFREY JAMES/MICHAEL MAHAN

EMERSON PLAZA 84,799 S.F. GLA

MARSH SUPERMARKET, BIG KMART*, DAIRY QUEEN, RADIO SHACK, SUPERCUTS *Not Owned

1,600—11,375 S.F. AVAILABLE CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER

COVINGTON PLAZA

183,806 S.F. GLA THE FRESH MARKET, OFFICE DEPOT, HONEY BAKED HAM, ANYTIME FITNESS, MERLE NORMAN

1,710 - 18,200 S.F. AVAILABLE CONTACT (877) 797-1472

JEFFREY JAMES/SAM COOPER


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Space Place Connecticut

(continued from page fifty-six)

Newington – Jo-Ann’s Plaza, located on Berlin Turnpike, has spaces available from 1,200 sq.ft. to 4,400 sq.ft. Jo-Ann Fabrics anchors the center and cotenants include Big Lots and Modell’s. Norwalk – ShopRite Plaza, located on Route 1, has spaces available from 2,500 sq.ft. to 20,000 sq.ft. ShopRite anchors the center and cotenants include Barnes & Noble, GNC and The UPS Store. Orange – Firelite Shopping Center has spaces available from 800 sq.ft. to 4,000 sq.ft. along with a 1,500 sq.ft. pad

Connecticut

Connecticut

site. Stamford – ShopRite Plaza, located on Route 1, has spaces available of 2,000 sq.ft. and 3,500 sq.ft. ShopRite anchors the center and cotenants include Dunkin’ Donuts and Blockbuster Video. Waterbury – Fair Oaks Plaza, located on Wolcott Street, has spaces available from 1,400 sq.ft. to 12,500 sq.ft. Cotenants include Aaron’s and Kool Smiles. For details, contact Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com.

Ellington – Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. Rocky Hill - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. Stratford Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. For details, contact Rob Mehlich Jr., Mehlich Associates; 914-793-5050; Web site: www.mehlichassoc.com.

Groton – An 8,000 sq.ft. center located on Long Hill Road is available. The asking rent is $8.95 psf. Waterbury – A 4,980 sq.ft. center located on Wolcott Road is available. The asking rent is $12 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

NJ’s Retail Specialists

NJ’s #1 retail specialist have space for reNt? call us

Rocky Hill – Cromwell Avenue Shops, located on Cromwell Avenue, has shop space available along with a 4,200 sq.ft. restaurant space. Area retail includes Starbucks, Big Y Supermarket and CVS. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.

Consumer Division

Diversified Brands

®

over 1,850 closed retail traNsactioNs

Now Hiring!

Seaford – Sussex Plaza has a 3,000 sq.ft. space available. For details, contact Vijay K. Shah,

Great commission splits.

LICENSED REAL ESTATE BROKER 116 Route 22, North Plainfield, New Jersey 07060 (908) 668-9600

December 11, 2009

The

Dealmakers

West Hartford – Blue Back Square, a 600,000 sq.ft. mixed-use center, has space available. Cotenants include Whole Foods Market, Crate & Barrel, Ann Taylor, White House|Black Market, Lucy, Barnes & Noble and The Cheesecake Factory. For details, contact Robin Mosle, Jonathan Dutch or Jan Williams, Samuels & Associates; 617-247-3434; Web site: www.bluebacksquare.com.

Delaware

We’re expanding and need a few good sales agents.

page 58

Greenwich – A 2,318 sq.ft. space located on Greenwich Avenue is available. Area retail includes Cole Haan, Kate Spade, Tory Burch and Lucky Brand. For details, contact Tom Torelli, Allied Property Group; 203-661-5800.

Fax (908) 668-5225

www.dealmakers.net

(continued on page sixty)



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Space Place Delaware

(continued from page fifty-eight)

Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: vshah@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Florida Bradenton – An 1,800 sq.ft. freestanding building located on 14th Street is available. The asking rent is $12.75 psf. Indian Harbour – A 14,795 sq.ft. freestanding building

Florida

Florida

located on State Road A1A is available. The asking rent is $18 psf. Jacksonville – A 3,000 sq.ft. freestanding building located on Normandy Boulevard is available. The asking rent is $11.95 psf. Pinellas Park – A 1,920 sq.ft. freestanding building located on U.S. Highway 19 North is available. The asking rent is $18 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921;

Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

for sal e l ea o r s e!

CLINTON, NJ Shopping Center ReDevelopment • Route 31 Corridor / ½ Mile to Route 78 • Affluent Suburban New Jersey Community • Anchor and Junior Anchor Space Available • 2,500 – 48,000 Square Feet Available

• Located at the traffic controlled intersection of Route 31 and Halstead Street which is the main feeder road to Downtown Clinton. • Renovation to include a new facade, parking lot and pylon sign.

DEMOGRAPHICS Population Households HH Income

1 Mile 3,392 1,199 $242,367

3 Miles 18,678 6,394 $151,552

5 Miles 34,775 11,481 $151,915

We pay brokers!

Net Property Group, LLC 116 Route 22 • North Plainfield, NJ 908 226-0123 www.netpropertygroup.com All Information is from sources deemed reliable and is submitted subject to errors, omission, change of price, terms, prior sales and withdrawal.

page 60

December 11, 2009

The

Dealmakers

www.dealmakers.net

Coral Springs – Coral Springs Court has spaces available from 629 sq.ft. to 2,307 sq.ft. Cotenants include Stonegate Bank and Huntington Learning Center. Hollywood – Hollywood Palms has spaces available from 1,140 sq.ft. to 9,600 sq.ft. Publix anchors the center and cotenants include Walgreens. Margate – Shoppes at Margate has spaces available from 1,500 sq.ft. to 10,000 sq.ft. Super Food Store anchors the center. Pembroke Pines – Flamingo Market Place has spaces available from 1,200 sq.ft. to 4,855 sq.ft. Cotenants include Bravo and U.S. Postal Service. Also, FMS Corners has spaces available from 1,985 sq.ft. to 2,535 sq.ft. Cotenants include Quiznos, Hear X and Asian Buffet. Also, Shoppes at Pembroke has spaces available from 1,200 sq.ft. to 3,840 sq.ft. Cotenants include Michaels and Weight Watchers. For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.millbrookproperties.com. Fern Park – Lowe’s Shopping Center, a 129,085 sq.ft. center located at the intersection of Highway 17-92 and Fernwood Boulevard, has space available totaling 9,000 sq.ft. along with outlots. Tampa – Columbus Plaza, a 116,000 sq.ft. center located at the intersection of Columbus Avenue and 50th Street, has anchor space available. Sweet Bay Supermarket anchors the center. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Georgia Atlanta – Lenox Village has spaces available from 1,073 sq.ft. to 3,483 sq.ft. Augusta – Southpointe Plaza has a 6,038 sq.ft. space available. Macon – Walnut Creek Plaza has a 1,997 sq.ft. space available. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; (continued on page sixty-two)


MONTCLAIR, NJ

“Where The Suburb Meets The City” Twelve miles west of Mid -Town Manhattan lies a unique, eclectic, eye-catching collection of retail shops, fine dining, museums and art galleries catering to an affluent, diverse community where the finer wishes in life are right at one’s fingertips.

e amo c a l p rs! your Find ine retaile f these

ng

For information on these unique retail opportunities, please call: Please visit us at the 2009 New York ICSC Booth #340 America Hall I

Neal J. Richards, V.P. Vanguard Realty, Inc.

u r ba b u i ve S A n s s e r th Prog etail Wi oove R Gr n a b Ur

n

195 Columbia Turnpike / Florham Park, NJ 07932

973-443-9700 - Ext.15

nrichards@vanguardsite.com

www.vanguardsite.com

Fredric Kruvant, President

Vanguard Realty, Inc. Vanguard Tenant Services Vanguard Property Management


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Space Place Georgia

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919-518-2000, Fax 919-424-0001; Email: dlewis@rivercrestrealty.com; Web site: www.rivercrestrealty.com. Fayetteville – Banks Crossing, a 256,930 sq.ft. center, has spaces available from 1,400 sq.ft. to 12,068 sq.ft. Cotenants include JCPenney, Kroger, Guitar Center, Farmer’s Furniture and Goodyear. For details, contact Jeffrey James or Michael Mahan Jr., Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.

Illinois Downers Grove – Marshalls at the Grove, a 400,000 sq.ft. center located at the intersection of 75th Street and Lemont Road, has anchor space available. Matteson – Matteson Plaza, a 276,444 sq.ft. center located at the intersection of Lincoln Highway and Governor’s Highway, has anchor space available. Cotenants include Dominick’s and Michaels. Niles – Golf Glen Mart, located at the intersection of Golf Road

Illinois

Indiana

and Dee Road, has a divisible 12,000 sq.ft. outlot available for build-to-suit. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Crawfordsville – Crawfordsville Square, a 297,542 sq.ft. center, has spaces available from 1,078 sq.ft. to 54,188 sq.ft. along with outlots of 3,800 sq.ft.; 0.76 acres; 1.47 acres; 2.59 acres and 3.32 acres. Kroger anchors the center and cotenants include Thrifty’s and Hibbett Sporting Goods. Ft. Wayne – Covington Plaza, a 183,806 sq.ft. center, has spaces available from 1,710 sq.ft. to 18,200 sq.ft. along with a 0.95-acre outlot. Cotenants include The Fresh Market, Office Depot, Honey Baked Ham, Anytime Fitness and Merle Norman. Indianapolis – Emerson Plaza, an 84,799 sq.ft. center, has spaces available from 1,600 sq.ft. to 11,375 sq.ft. Marsh Supermarket anchors the center and Big Kmart shadow-anchors the center. Cotenants include Dairy Queen, RadioShack and Supercuts. For details, contact Jeffrey James or Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.

Lincolnwood – An 8,000 sq.ft. freestanding building located on North Lincoln Avenue is available. The asking rent is $13 psf. Mundelein – A 4,860 sq.ft. freestanding building located on South Lake Street is available. The asking rent is $10 psf. Palos Heights – A 5,400 sq.ft. freestanding building located on South Harlem Avenue is available. The asking rent is $13 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

follow us!

(continued on page sixty-four)

the dealmakers magazine is now on Facebook and twitter

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get the latest retail real estate news via our three unique twitter Feeds!

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December 11, 2009

The

Dealmakers

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FREESTANDING LOCATIONS AVAILABLE +

We Own 850 Buildings 30,000,000 All Shapes

S t at e AR AR AZ AZ AZ CA CA CA CT CT FL FL FL FL FL GA GA ID IL IL IL IL IN KS MA

Retail, Industrial, Office

All Sizes

3,000 - 1,000,000+ sqft

All Over 1.888.KIN.PROP 45 states and Canada

Len Weiselberg, Ext 112

lweiselberg@kinproperties.com

Robert Crum Ext 117

rcrum@kinproperties.com

Matthew Makler Ext 118 mmakler@kinproperties.com

MD MI MI MI MI MI MI MI MN NE NJ NJ NV NY NY OH OH PA PA PA RI TN TN TN TX TX TX TX TX TX TX VA WA WI WI WI WI WI WV

Cit y B ent o n Fo r r est C i t y Pho eni x Pho eni x Tucso n Ful l er t o n M er ced Or ang e Gr o t o n Wat er b ur y B r ad ent o n Ind i an Har b o ur Jackso nvi l l e Pi nel l as Par k R o ckl ed g e C hamb l ee M aco n N amp a D anvi l l e Li nco l nwo o d M und el ei n Pal o s Hei g ht s So ut h B end To p eka N ati ck

A d d r es s 1716 M i l i t ar y R o ad 4 12 N . Washi ng t o n St . 13 0 7 W. C amel b ack R o ad 6 10 1 W. Washi ng t o n St . 4 0 2 5 Or acl e R o ad 2 9 4 9 B r ea B l vd . 14 14 R St r eet 6 55 N . Tusti n A ve 771 Lo ng Hi l l R o ad 779 Wo l co tt R o ad 4 9 14 14 t h St r eet 19 4 4 St at e R o ad A - 1- A 52 4 3 N o r mand y B l vd 72 0 1 U S Hi g hway 19 N o r t h 2 0 1 B o ug ai nvi l l ea D r i ve 50 3 8 B uf o r d Hi g hway 3 9 3 3 B l o o mfi el d R o ad 10 3 1 N amp a C al d wel l B l vd 3 8 15 N . V er mi l l i o n Street 70 3 1 N . Li nco l n A ve. 2 0 4 5 S. Lake St r eet 12 777 S. Har l em A ve. 52 12 0 U S Hi g hway 31 N o r t h 19 2 5 West 10 t h St r eet 6 4 Wo r chest er R o ad

Laur el C o mmer ce Lansi ng Li vo ni a M uskeg o n Po r t Hur o n St er l i ng Hei g ht s Wo o d haven Fal co n Hei g ht s Li nco l n B r i ck To wnshi p N ewt o n Sp ar ks W. Seneca Y o nker s M ansfi el d Sp r i ng fi el d A l t o o na B r i st o l War mi nst er War wi ck C hatt ano o g a Kno xvi l l e M emp hi s A b i l ene A b i l ene A mar i l l o A usti n B ed f o r d Gr and Pr ai r i e Pant eg o Fai r f ax C i t y Lo ng vi ew B eaver D am B r o wn D eer Keno sha M eno mo nee Fal l s Waukesha M ar ti nsb ur g

14 9 55 B al ti mo r e R o ad 2 9 0 5 U ni o n Lake R o ad 6 6 3 6 S. C ed ar St r eet 3 4 8 0 0 Pl ymo ut h R o ad 14 9 0 E. A p p l e A ve. 3 8 11 N o r t h 2 4 t h A ve 4 3 16 9 V an D yke West R o ad 16 3 9 West Lar p ent eur A ve 6 10 5 O St r eet 8 56 R o ut e 70 11 N el so n St r eet 6 70 E. Pr at er Way 19 56 R i d g e R o ad 2 4 50 C ent r al A ve 2 0 3 2 West 4 t h St r eet 110 5 U p p er V al ey Pi ke R o ad 3 0 0 6 Pl easant V al l ey B l vd 2 6 6 4 R out e 13 3 75 Y o r k R o ad 150 Lamb er t Li nd Hwy 510 9 B r ai ner d R o ad 72 0 5 C hap man Hi g hway 4 13 9 Wi nchest er R o ad 4 13 5 N . Fi r st St r eet 3 8 52 B uff al o Gap R o ad 4 2 15 SW 4 5t h St r eet 8 0 4 E B r aker Lane 512 Har wo o d R o ad 2 50 6 B el t Li ne R o ad 16 0 7 S, B o wen R ao d 10 9 3 7 Lee Hwy 8 4 2 Washi ng t o n Way 8 0 0 Par k A ve 78 17 West B r o wn D eer 4 0 2 8 75t h St r eet 154 8 5 A p p l et o n A ve 4 3 1 W. Sunset D r i ve 12 12 N o r t h Queen St r eet

KIN Kin Properties

185 NW Spanish River Blvd Boca Raton, FL 33431 1.888.KIN.PROP Fax: 561.955.9921 E-Mail: Info@kinproperties.com www.kinproperties.com

SQF T 3 0 ,56 5 12 ,73 0 8 ,4 0 0 2 5,0 0 0 1,4 0 0 1,78 5 4 ,50 0 8 ,0 0 0 8 ,0 0 0 4 ,9 8 0 1,8 0 0 14 ,79 5 3 ,0 0 0 1,9 2 0 2 8 ,6 6 0 8 ,4 0 0 4 ,8 0 0 12 ,0 0 0 4 ,8 6 0 8 ,0 0 0 4 ,8 6 0 5,4 0 0 4 ,8 0 0 19 ,2 6 5 4 ,4 0 0

4,80 0 12 5,4 9 0 4 ,0 0 0 7,0 0 0 5,0 0 0 8 ,4 0 0 1,70 0 22 Acres 8 ,4 0 0 8 ,4 0 0 2 ,6 0 1 19 ,3 11 2 ,2 13 5,56 6 7,9 2 0 4 ,8 0 0 4 ,0 0 0 3 ,2 4 9 7,0 2 0 2 ,3 0 4 4 ,8 0 0 1,54 8 5,4 0 0 4 ,550 4 ,8 6 0 15,3 3 7 3 Acres 2 7,72 0 2 9 ,10 0 16 ,4 6 7 5,4 0 0 7,0 2 9 7,0 0 0 3 ,0 9 6 8 ,4 0 0 7,2 0 0 5,4 0 0 2 ,3 8 3 2 3 ,74 4

A s k i ng R ent $2 .9 5 $6.95 $9 .9 5 $5.75 $15.0 0 $18 .0 0 $4 .9 5 $12 .0 0 $8 .9 5 $12 .0 0 $12 .75 $18 .0 0 $11.9 5 $18 .0 0 $4 .0 0 $14 .0 0 $5.9 5 $7.9 5 $5.0 0 $13 .0 0 $10 .0 0 $13 .0 0 $6 .75 $4 .0 0 $2 4 .0 0 $2 4 .0 0 $5.0 0 $9 .50 $6 .6 0 $9 .9 5 $6 .75 $9 .9 5 $12 .0 0 $2 0 .0 0 $2 0 .0 0 $7.75 $18 .0 0 $7.75 $3 2 .0 0 $9 .75 $6 .9 5 $11.0 0 $12 .0 0 $14 .75 $10 .50 $9 .50 $6 .75 TB D $4 .9 5 $4 .0 0 $0 .0 0 $9 .0 0 $4 .0 0 $5.0 0 $5.9 5 $3 9 .75 $12 .0 0 $7.75 $6 .75 $7.50 $8 .75 $14 .9 5 $3 .50

S al e P r i c e $750 ,0 0 0

$2 9 5,0 0 0

$1,2 4 0 ,0 0 0

$9 9 0 ,0 0 0 $2 2 5,0 0 0

$3 9 5,0 0 0 $70 0 ,0 0 0

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$4 2 5,0 0 0

TB D $2 ,13 4 ,0 0 0

$9 50 ,0 0 0 $3 9 5,0 0 0

$2 9 0 ,0 0 0 $59 9 ,0 0 0

Visit us at the New York ICSC convention Booth #397 (Hilton - Americas Hall 1)


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Space Place Kentucky

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Ashland – Russell Centre, a 272,000 sq.ft. center located at the intersection of Diederich Boulevard and Route 23, has space available along with a pad site. Lowe’s Home Improvement and Super Kroger anchor the center. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Maryland

Maryland

Greenbelt – Beltway Plaza Mall, located on Greenbelt Road, has space available. Academy Stadium Theatres, Burlington Coat Factory, CVS, Giant Food, Gold’s Gym, JoAnn Fabrics, Marshalls, Party City, Planet Fun and Target anchor the center. Area retail includes IKEA, Staples, REI, Greenway Center, featuring Ross Dress for Less, Bally’s Total Fitness and Old Navy, and College Park Marketplace, featuring Home Depot. Area draws include University of Maryland, Greenbelt Metro Station and Capital Office Park. Area demographics include a population

of 359,348 within five miles earning $57,467 as the average household income. For details, contact Fred Wine, Quantum Cos., 4912 Del Ray Avenue, Bethesda, MD 20814; 301-657-9900 Ext. 132, Fax 301-6578412; Email: fwine@quantumco.net.

For 2010 We are looking for good locations for great retailers…

In Westchester, Rockland, Putnam, Dutchess and Orange Counties 4,000 s.f. to 4,700 s.f.

Waldorf – St. Charles Towne Plaza, a 399,107 sq.ft. center located on Smallwood Drive West, has spaces available of 16,000 sq.ft. and 54,195 sq.ft. Shoppers Food Warehouse, K&G, Gallo and Big Lots anchor the center. Area retail includes St. Charles Towne Center, featuring JCPenney, Sears, Kohl’s, Dick’s Sporting Goods and Hecht’s. For details, contact Les Sax, Sax Realty, Inc., 4912-A Del Ray Avenue, Bethesda, MD 20814; 240-497-1192, Fax 240-4971070; Email: lsax@saxrealty.com; Web site: www.saxrealty.com.

TJX Companies

Massachusetts

In Westchester, Rockland, Putnam, Dutchess, & Orange Counties Marshall’s Mega Shoe Store: 10,000 s.f. to 12,000 s.f. Marshall’s: 25,000 s.f. to 30,000 s.f. Home Goods: 25,000 s.f. TJ Maxx: 25,000 s.f. to 30,000 s.f.

Clinton - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. For details, contact Rob Mehlich Jr., Mehlich Associates; 914-793-5050; Web site: www.mehlichassoc.com.

In Westchester, Putnam and Dutchess Counties Freestanding 4,000 s.f. to 4,500 s.f.

In Westchester, and Putnam Counties 3,000 s.f. to 3,500 s.f. Endcaps, Freestanding and Power Centers

aries deiTCh & endelson, inC. 110 South Central Avenue Hartsdale, NY tel 914-949-2800 fax 914-949-2424 www.ade-re.com Member: Retail Brokers Network

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Laurel – A 4,800 sq.ft. freestanding building located on Baltimore Road is available. The asking rent is $24 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

December 11, 2009

The

Dealmakers

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Milford – Kmart Shopping Center, a 140,470 sq.ft. center located at the intersection of Medway Street and Beaver Street, has expansion space available. Cotenants include Kmart and Dollar Tree. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. Natick – A 4,400 sq.ft. freestanding building located on Worchester Road is available. The asking rent is $24 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, (continued on page eighty)






Lead Sheet AutoZone, Inc. dba AutoZone PO Box 2198 Memphis, TN 38101 Fax: 901-495-8969 Web site: www.autozonerealestate.com

Automotive The 4,400-unit chain operates locations nationwide and throughout Mexico and Puerto Rico. The automotive parts and accessories shops occupy spaces of 5,400 sq.ft. to 7,200 sq.ft. in freestanding locations and inline spaces. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information regarding expansion south of Birmingham, AL; AR; Contra Costa, Los Angeles, Riverside and San Diego counties in CA; throughout and west of the Tallahassee, FL metropolitan area; IA, ID, KS, LA, MS, MN, MT, ND, NE, OK, SD, the Corpus Christi and Houston, TX metropolitan areas; the Memphis, TN metropolitan area; UT and WY, contact Michael Dee; 901-495-7348; Email: michael.dee@autozone.com. For more information regarding expansion throughout AZ, CA excluding Contra Costa, Los Angeles, Riverside and San Diego counties; CO, NM, NV, OR, TX excluding the Corpus Christi and Houston metropolitan areas and Puerto Rico, contact Brad Denzin; 901-495-8904; Email: brad.denzin@autozone.com. For more information regarding expansion throughout IL, IN, KY, MD, MI, MO, OH, western PA, VA, WI, WV and Washington, DC, contact Kendrick Hickman; 901-495-8921; Email: kendrick.hickman@autozone.com. For more information regarding expansion throughout AL north of Birmingham; CT, DE, FL, excluding Tallahassee; GA, MA, ME, NC, NH, NJ, NY, eastern PA, RI, SC, TN, excluding the Memphis metropolitan area, and VT, contact Chad Horton; 901-495-8753; Email: chad.horton@autozone.com. For more information regarding expansion throughout Mexico, contact Hector Gomez Serna, Carretera Nacional KM-269-A, Colonia la Estanzuela, 64988 Monterrey, Nuevo Leon, Mexico; 01152-81-8155-7207, Fax 011-52-81-8155-7245; Email: hector.gomez@autozone.com.

Isis Maternity Ed Gerwig c/o National Commercial Brokers, Inc. 75 Second Avenue, Suite 315 Needham, MA 02494 Email: ed@nationalcommerical.com Web site: www.isismaternity.com

Child Care The three-unit chain operates locations in MA. The centers, offering prenatal classes, occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market, as well as CT and RI, during the coming 18 months, with representation by National Commercial Brokers, Inc. The company prefers to locate in densely-populated regional markets.

7-Eleven, Inc. dba 7-Eleven Armand Keurian 1075 Cranbury South River Road, Suite 4 Jamesburg, NJ 08831 609-860-5020, Fax 609-860-5079 Email: armand.keurian@7-11.com Web site: www.7-11.com

Convenience The 7,850-unit chain operates locations nationwide and throughout Canada. The convenience stores, some with gasoline facilities, occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in endcaps, freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout NJ during the coming 18 months.

Shop Rite, Inc. dba Shop Rite John Gielen 115 East 1st Street Crowley, LA 70526 337-783-8696, Fax 337-788-3916 Email: jdgielen@shoprite.com

Convenience The 60-unit chain operates locations throughout LA. The convenience stores occupy spaces of 3,000 sq.ft. in freestanding locations. Plans call for three openings throughout AL, FL, MS and along the I-10 and I-12 corridors of LA during the coming 18 months. Typical leases run three years with options. Preferred cotenants include Target and Walmart. Preferred demographics include a population of 35,000 within three miles earning $45,000 as the average household income. A land area of 1.5 acres is required.

Beauty Center Jeff Gelberman c/o National Real Estate Brokerage, Inc. 6001 Montrose Road, Suite 310 Rockville, MD 20852 301-770-8585 Ext. 112, Fax 301-770-8591 Email: jeff@nreb.net

Cosmetics The five-unit chain operates locations throughout MD and VA. The cosmetics stores occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by National Real Estate Brokerage, Inc. The company prefers to locate in high traffic areas. Preferred cotenants include grocery stores and Walmart.

ULTA Ron DeLuca c/o R.J. Brunelli & Co., Inc. 400 Perrine Road, Suite 405 Old Bridge, NJ 08857 732-721-5800, Fax 732-721-9241 Email: rdeluca@njretailrealty.com Web sites: www.ulta.com and www.njretailrealty.com

Cosmetics The 200-unit chain operates locations nationwide. The stores, offering cosmetics, fragrances, beauty supplies and also featuring a hair salon, occupy spaces of 10,000 sq.ft. in freestanding locations and inline spaces of power and regional centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Best Buy, Target and women’s apparel retailers. Preferred demographics include a population of 90,000 within five miles earning $85,000 as the average household income. www.dealmakers.net

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Dealmakers

December 11, 2009

page 69


Lead Sheet Bealls Department Stores, Inc. dba Bealls Department Stores Britta Eriksson 1806 38th Avenue East Bradenton, FL 34208 941-744-4638, Fax 941-747-9435 Email: beriksson@beallsinc.com Web site: www.beallsflorida.com

Department Store The 86-unit chain operates locations throughout FL. The department stores, offering apparel and footwear for men, women and children, in addition to gifts and houseware items, occupy spaces of 62,000 sq.ft. to 110,000 sq.ft. in malls and lifestyle, power and strip centers. Plans call for three openings throughout the existing market during the coming 18 months. Typical leases run 15 years with options. Preferred cotenants include grocery stores and home improvement retailers. Preferred demographics include a population of 150,000 within five miles earning $50,000 as the average household income.

CVS Caremark dba CVS Pharmacy Suzanne Lanois One CVS Drive Woonsocket, RI 02895 401-770-4310, Fax 401-770-2606 Web sites: www.cvs.com and www.cvscaremarkrealty.com

Drug Store The 7,000-unit chain operates locations nationwide. The drug stores occupy spaces of 13,000 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought throughout the existing market, with a focus on CA, MO and Puerto Rico during the coming 18 months. Typical leases run 25 years. Preferred demographics include a population of 18,000 within two miles. A land area of two to three acres is required.

Kerr Drug, Inc. dba Kerr Drug Ed Anderson 3220 Spring Forrest Road Raleigh, NC 27616 919-544-3896, Fax 919-572-0290 Web site: www.kerrdrug.com

Drug Store The 100-unit chain operates locations throughout NC and SC. The drug stores occupy spaces of 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.

AT&T Mobility Christine Marr c/o CB Richard Ellis 2238 Port Carlisle Place Newport Beach, CA 92660 949-706-7372, Fax 949-706-7381 Email: cm6802@att.com Web site: www.wireless.att.com

Electronics The chain operates locations nationwide. The electronics stores, offering wireless phones, internet and cable service, occupy spaces of 3,200 sq.ft. in endcaps, freestanding locations, pad sites and inline spaces and kiosks in mall locations. Growth opportunities are sought throughout AK, AZ, CA, CO, HI, ID, NM, NV, UT and Seattle, WA during the coming 18 months, with representation by CB Richard Ellis.

New York Sports Club Mitch Weiss c/o Retail Zone 19 – 02 Whitestone Expressway, Suite 404 Whitestone, NY 11357 718-321-7700, Fax 718-228-6499 Email: mitch@retailzone.net Web site: www.nysc.com

Fitness The 111-unit chain operates locations throughout CT, NJ and NY. The health and fitness clubs occupy spaces of 15,000 sq.ft. to 30,000 sq.ft. in endcaps, freestanding locations and lifestyle and power centers, in addition to urban/downtown areas. Growth opportunities are sought throughout Brooklyn and Queens, NY during the coming 18 months, with representation by Retail Zone. The company will consider multi-level sites.

Regis Corp. dba Cost Cutters Dave Foley 7201 Metro Boulevard Minneapolis, MN 55439 952-947-7000, Fax 952-918-4751 Email: david.foley@regiscorp.com Web site: www.regiscorp.com

Hair The 840-unit chain operates locations nationwide. The hair salons occupy spaces of 1,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. Preferred cotenants include Target, Walmart and grocery stores. Preferred demographics include a population of 30,000 within three miles earning $30,000 as the average household income.

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December 11, 2009

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Dealmakers

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Lead Sheet Hannoush Jewelers Norman Hannoush 1655 Boston Road, Unit B-7 Springfield, MA 01129 413-439-2830, Fax 413-439-0073 Email: norman@hannoush.com Web site: www.hannoush.com

Jewelry The 65-unit chain operates locations throughout AZ, CT, FL, KS, KY, MA, ME, MO, NC, NH, NY, OH, RI and VT. The jewelry stores occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.

Ultra Stores, Inc. dba Ultra Diamond Frank Schmidt 122 South Michigan Avenue, Suite 800 Chicago, IL 60603 Fax 615-851-2630 Email: fjs-assoc@comcast.net Web site: www.ultradiamonds.com

Jewelry The 200-unit chain operates locations nationwide throughout 32 states. The jewelry stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in airports, casinos and outlet, tourist and value centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical lease run five years with five-year options. A vanilla shell is required.

Alliance Laundry Systems, LLC dba IPSO Dave Phillips 1 Shepard Street Ripon, WI 54971 920-748-1773, Fax 920-748-4590 Email: dave.phillips@alliancels.com

Laundromat The chain operates locations nationwide and internationally. The laundromats occupy spaces of 2,000 sq.ft. to 6,000 sq.ft. in downtown areas, freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run a minimum of 10 years. The company prefers to locate in densely-populated areas with high traffic counts.

Shoe Carnival Jay Cohen c/o L3 Corp. 12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: jay@l3corp.net Web site: www.l3corp.net

Shoes The 314-unit chain operates locations nationwide throughout 29 states. The shoe stores occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in power centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp.

Heartland Brewery Paul Fetscher c/o Great American Brokerage 100 West Park Avenue, Suite 309 Long Beach, NY 11561 516-889-7200, Fax 516-889-5113 Email: gtamerican@aol.com Web site: www.restaurantexpert.com

Specialty The five-unit chain operates locations throughout NY. The bars/restaurants occupy spaces of 2,500 sq.ft. to 6,000 sq.ft. in freestanding locations, malls, entertainment centers and urban/ downtown areas. Growth opportunities are sought throughout the greater New York, NY metropolitan area during the coming 18 months, with representation by Great American Brokerage.

Rip Curl Mike Rielly c/o Townsend & Associates 5757 Wilshire Boulevard, Suite 300 Los Angeles, CA 90036 310-286-9945, Fax 323-904-6302 Email: mrielly@townsendassociates.com

Specialty The 12-unit chain operates locations throughout CA, FL and HI. The surf shops occupy spaces of 2,000 sq.ft. to 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Townsend & Associates.

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December 11, 2009

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Lead Sheet The Cutting Room Adam Stupak c/o Winick Realty Group 655 Third Avenue, 8th Floor New York, NY 10017 212-792-2635 Email: astupak@winick.com Web site: www.thecuttingroomnyc.com

Specialty The company operates one location in New York, NY. The live music venue prefers to occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in streetfronts. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Winick Realty Group.

VA ABC John Mitchell c/o JBG Rosenfeld Retail 4445 Willard Avenue, Suite 700 Chevy Chase, MD 20815 301-657-0700 Email: jmitchell@jbgr.com

Specialty The 200-unit chain operates locations throughout VA. The liquor stores occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout northern VA during the coming 18 months, with representation by JBG Rosenfeld Retail.

Basis Alexandra Turboff c/o BCD 115 East 23rd Street, 6th Floor New York, NY 10010 212-260-5210 Ext. 16, Fax 212-260-5211 Email: aturboff@bcdmail.com Web site: www.bcdevelopment.com

Supermarket The company operates one location in Manhattan, NY. The upscale supermarket prefers to occupy spaces of 500 sq.ft. to 2,000 sq.ft. in endcaps, freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by BCD. Typical leases run 10 to 15 years.

Wakefern Food Corp. dba ShopRite and PriceRite Tish Daly 33 Northfield Avenue Edison, NJ 08818 732-906-5371

Supermarket ShopRite operates 215 locations throughout CT, DE, MD, NJ, NY and PA and prefers to occupy spaces of 65,000 sq.ft. to 90,000 sq.ft. Growth opportunities are sought throughout the existing markets, in addition to MA and RI, with a focus on the five boroughs of NY, Long Island and MD during the coming 18 months. PriceRite operates 43 locations throughout CT, MA, NY, PA and RI and prefers to occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. Growth opportunities are sought throughout the existing markets, in addition to DE and NJ and with a focus on MD and Long Island and New York, NY during the coming 18 months.

The Nutty Bavarian David Zangenberg 305 Hickman Drive Sanford, FL 32771 407-444-6322, Fax 407-444-6335 Email: davidz@nuttyb.com Web site: www.nuttyb.com

Temporary Tenant The 1,000-unit chain operates locations nationwide and internationally. The company, offering roasted, cinnamon-glazed nuts, prefers to occupy spaces of six sq.ft. to 10 sq.ft. in kiosk locations in malls and entertainment, specialty and tourist centers, as well as urban/ downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run one year.

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 72

December 11, 2009

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Dealmakers

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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: Vijay K. Shah (NC, TN, VA, WV, MD, DE) (919) 518-2000 vshah@rivercrestrealty.com Debbie Lewis (SC, GA, FL) (919) 518-2000 dlewis@rivercrestrealty.com Helen Vitaliano (New York Locations) (718) 980-7684 helenvitaliano@si.rr.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 • 30,000+ SF Shop Space 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

GEOrGIA Atlanta Augusta Macon

Lenox Village Southpointe Plaza Walnut Creek Plaza

MAryLAND Landover Pocomoke City Fruitland

Landover Crossing East Town Plaza Southtowne Commons

2,000 – 119,244 SF Fully Leased Fully Leased

NOrTH CArOLINA Advance Chapel Hill Charlotte Charlotte Durham Durham Forest City Hendersonville Raleigh Shelby Smithfield Southport Taylorsville Winston-Salem

Kinderton Place Timberlyne Archdale Marketplace Royal Plaza Parkway Plaza The Village Hillside Plaza Highlands Square Millbrook Collection Creekside Plaza Smithfield Plaza Tidewater Plaza Taylorsville Hanes Commons

1,325 & 1,773 SF 1,201 – 2,010 SF 2,410 - 4,018 SF 1,259 – 6,696 SF 2,633 SF 997 – 11,488 SF 2,012 – 24,962 SF 2,508 - 8,513 SF 1,227 – 1,452 SF 3,115 SF 1,514 & 3,023 SF 3,020 SF 1,211 & 8,537 SF 1,117 - 18,294 SF

SOUTH CArOLINA Boiling Springs Columbia Florence Gaffney Georgetown Greenville Greenville Greenville Greenwood Greer 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 East Towne Centre Village Square Northwood Plaza Plantation Point Surfside Commons

2,006 & 3,009 SF 1,995 – 35,000 SF 3,193 SF 2,003 & 3,213 SF 3,011 SF 1,020 – 5,374 SF 1,482 – 4,008 SF 4,007 SF 4,532 – 27,436 SF 2,018 & 3,007 SF 4,745 SF 792 & 1,444 SF 1,122 – 6,422 SF 1,423 – 4,128 SF 4,023 SF

TENNESSEE Cookeville

Cumberland Station

vIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston

Ridgeview Plaza Riverbend Garbers Crossing Mountainview Plaza Peppers Ferry Centre South Boston

wEST vIrGINIA Princeton

East River Plaza

840 – 2,980 SF 1,164 – 8,002 SF 3,000 SF 15,423 SF 1,073 – 3,483 SF 6,038 SF 1,997 SF

895 & 3,000 SF 30,012 SF Fully Leased Fully Leased 1,998 – 9,014 SF 1,608 & 2,776 SF 1,202 SF 30,363 SF


visit us at the new york icsc booth #326 — americas hall i representing over 3 million sq. Ft. of properties leasinG * tenant rep * investment sales tractor supply plaza putnam, connecticut 32,000 sq. Ft. shopping center providence pike (route 44) • Join Tractor Supply • 1,500 − 13,000 Sq. Ft. Remain; Can Be Divided • Neighbors include: Super Stop & Shop, Sears Essentials, Walmart, CVS Pharmacy and many more. • Immediate occupancy

colonial plaza waterbury, connecticut 225,000 sq. Ft. shopping center thomaston avenue • Join Compare Foods, Dollar Dreams, Dunkin’ Donuts, Wendy’s, Crown Fried Chicken and more • Immediate occupancy • 832 - 34,512 Sq. Ft. remain for lease; subdividable • Competitive rates

hadley corner shoppinG center hadley/amherst, massachusetts russell street (route 9) hadley/amherst, massachusetts • Join Home Depot in this 313,000 Sq. Ft. Development • Major Retail Corridor (Route 9) with great visibility • Near Walmart, Michaels, Barnes & Noble, Target, Hampshire Mall, Old Navy, Marshall’s and many more

Gateway shoppinG plaza manchester, connecticut deming street (buckland hills area) exit 63 off interstate 84 • 2,000 - 9,000 Sq. Ft. Available in a 51,472 Sq. Ft. Retail Strip Center • Join Applebee’s, Panera Bread, Walgreens, FedEx Kinko’s, Aspen Dental and more • Prime location in major retail corridor — neighbors include Buckland Hills Mall, DSW, AC Moore, Raymour & Flanigan & more

phone: (860) 529-9000

www.newenglandretail.com

Fax: (860) 563-9667


visit us at the new york icsc booth #326 — americas hall i representing over 3 million sq. Ft. of properties leasinG * tenant rep * investment sales the shoppes at cedar street newinGton, connecticut proposed retail development 751 russell road at cedar street • Hotel, Retail Pads and Retail Strip Center Proposed Development • Five Mile Radius Population: 261,982 people • 40,000 Sq. Ft. of Potential Retail, Retail Pads & More

downtown location available new canaan, connecticut downtown Freestanding building 22 pine street • 5,200 Sq. Ft. Freestanding Building on .6 Acres • Located across the street from MetroNorth Rail Station • Great Location for Retail, Medical, Financial Services & more • Neighbors Include: Ann Taylor, Talbots, Bank of New Canaan, Walgreens, US Post Office & many more

copaco shoppinG center bloomField, connecticut 450,000 sq. Ft. center is expanding cottage Grove road (route 218) • Join Lowe’s, Stop & Shop, Burlington Coat, IHOP, Dollar Tree, McDonald’s, CVS Pharmacy, Eblens and many more • 15,000 Sq. Ft. Expansion of Power Center • 1 Outparcel Remaining for Lease and 3,000 to 6,000 Sq. Ft. available for lease

east haven shoppinG center east haven, connecticut 187,000 sq. Ft. shopping center 75 north Frontage road • • • •

Units 2,000 to 15,000 Sq. Ft. Direct access from Exit 51 off I-95 and Boston Post Road (Route 1) Join Home Depot, AutoZone, Wendy’s, Gelvani Liquors (now open) and many more Available Now!

phone: (860) 529-9000

www.newenglandretail.com

Fax: (860) 563-9667


New York National Conference and Deal Making new york hilton

new york hilton

americas hall I

americas hall II

Important Dates & Times Monday, December 7 Monday, December 7 Monday, December 7 Monday, December 7 Tuesday, December 8 Tuesday, December 8 Tuesday, December 8

9am – 7pm 9am – 8:30pm 10:45am – 12:15pm 5:30pm – 7pm 8am – 4pm 8:30am – 4pm 4pm

On-Site Registration/Badge Pick-up Deal Making! Retailers’ Runway ICSC Member Sponsored Cocktail Reception On-Site Registration/Badge Pick-up Deal Making! Pack it up & go home!

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rhinelander gallery

Where you can find copies of The Dealmakers AutoZone Sheraton #518 CVS Realty Americas Hall I #372 Dealmakers Rhinelander #153 Kin Properties Americas Hall I #397 Lamar Companies Americas Hall II #407 New England Retail Properties Americas Hall I #326

t the nex e h t r page fo n sherato rk new yo

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What happens in Vegas… …is dealmaking!

0 1 0 2 , 5 2 May 23 –

The Dealmakers May 28th issue

distributed at RECon The Global Retail Real Estate Convention in Las Vegas, NV, delivers your advertising message to the real decision makers. Our readers respond and our advertisers get results. SET THE STAGE Book appointments in advance by placing your ad in The Dealmakers May 14th pre-show issue, telling everyone you’re ready to make deals! MAKE A STATEMENT Your ad will be hand-delivered to every attendee’s hotel room and The Dealmakers May 28th show issue gets exposure on the show floor! FOLLOW UP In addition to powerhouse companies that read The Dealmakers every week, the June 11th post-show issue is mailed to attendees — giving you added exposure!

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FOR LEASE

Space Place Massachusetts

(continued from page sixty-four)

Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Michigan Muskegon – Muskegon Shopping Center, a 187,000 sq.ft. center located at the intersection of Henry Street and Norton Avenue, has anchor space available. Port Huron – Port Huron Shopping Center, a 118,000 sq.ft. center located at the intersection of Howard Street and 24th Street, has anchor space available along with an outlot. Cotenants include Big Lots, Save-A-Lot and Family Dollar. Redford – Redford Plaza, a 114,865 sq.ft. center located at the intersection of Plymouth Road and Inkster Road, has anchor space available. Cotenants include CVS. Saginaw – Saginaw Square, a 94,891 sq.ft. center located at the intersection of Tittabawasse Road and Bay Road, has anchor space available. Cotenants include Target, Jo-Ann Fabrics and Staples.

Michigan

Nebraska

Sandusky – Kmart Shopping Center, a 176,248 sq.ft. center located at the intersection of M-19 and Gates Road, has anchor space available. Southgate – A 60,800 sq.ft. freestanding building located at the intersection of Fort Street and Burns Avenue is available. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Lincoln – Wilderness Hills, located at the intersection of Yankee Hill Road and South 27th Street, has space available. For details, contact Cindi Cisar, Don Linscott, Tara Galaviz, or Cathi Johnson-Haisch, Grubb & Ellis|Pacific Realty; 402-467-1234; Web site: www.gepacificrealty.com.

Nebraska Lincoln – An 8,400 sq.ft. freestanding building located on O Street is available. The asking rent is $20 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

WANTED 10 to 20 Acres

near Retail

Centers in

VA, NC, SC, and GA

seeking to acquire land for townhouse/apartment development near new and proposed retail sites. We offer quick closing, all cash, as well as, participation in due diligence and any rezoning process. Contact:

THE SIMON COMPANIES Ben Simon or Kevin Tucker (757) 340-3669

Fax: (757) 631-9155 \ Email: bsimon@palms.net page 80

December 11, 2009

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www.dealmakers.net

Nevada Las Vegas – Kmart Plaza, a 127,754 sq.ft. center located at the intersection of East Sahara Avenue and McLeod Drive, has a 10,945 sq.ft. outlot available. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. Reno – Clarkson Plaza, a 24,753 sq.ft. center located on Kietzke Lane, has a multi-level space totaling 7,908 sq.ft. available. Big O’ Tire anchors the center. The average daily traffic count is 28,800 vehicles. The asking monthly rent is $1 psf NNN. For details, contact Mark Hallenbeck, Hallmark Investment & Management, LLC; 775-786-8488.

New Hampshire Keene – Key Road Plaza, located on Key Road, has a 3,200 sq.ft. space available. Nashua – Webster Square, located at the intersection of Daniel Webster Highway and Danforth Road, has spaces available of 1,624 sq.ft.; 2,100 sq.ft.; 2,500 sq.ft.; 4,476 sq.ft. and 22,033 sq.ft. Portsmouth – Portsmouth Plaza, located on Woodbury Avenue, has a 12,625 sq.ft. space available. Salem – Rockingham Mall, located at the intersection of Route 28 and Rockingham Boulevard, has a 9,700 sq.ft. pad site available. Wilton – A 6,000 sq.ft. former Sovereign Bank located on Main Street is available. For details regarding the Keene and Wilton properties, contact Rob Robledo, SRS Real Estate Partners, 84 State Street, Suite 400, Boston, MA 02109; 617-227-3100, Fax 617725-1978; Email: rob.robledo@srsre.com; Web site: www.srsre-ne.com. For details regarding the Nashua, Portsmouth or Salem properties, contact Mark Doherty or John Ferris; Emails: mark.doherty@srsre.com and john.ferris@srsre.com. (continued on page eighty-two)


Strength and Experience, lets build on it together… Indianapolis, IN

New York, NY

Holland, MI

Cedar Village

• Felbram Plaza North • North Eastwood Shopping Center • Felbram Plaza South

SoHo

Southfield, MI

East Meadow, NY

Greenfield Commons

East Meadow Commons

Detroit Market

Griffith, IN

Clifton, NJ

Griffith Park Plaza

Park Forest, IL

• •

Norwood Square

St.Louis, MO

Millennium Center

• •

Botany Plaza

• • • •

• •

• ••

••

Ewing, NJ

Proposed Development

Wyncote, PA

Cedarbrook Plaza Philadelphia Market

Evansville, IN

First Diamond Plaza

Weirton, WV K-Mart Plaza

Hopkinsville, KY Park Plaza

Fayetteville, NC

Sycamore Square

Knoxville, TN

Knoxville Commons

Oakland Park, FL

Fairfield, AL

Oakland Park Festival Centre

Flintridge Centre Birmingham Market

Springfield, OH

K-Mart Plaza

Hamilton, OH

Hamilton Plaza Cincinnati Market

Englewood, OH Northmont Plaza Dayton Market

Canton, OH

Canton Centre

Columbus, OH Northland Plaza

With over 5 Million Square feet of retail holdings, we have available space for all needs including: • • • •

Great SUPERMARKET Backfill & New Locations Anchor & Junior Anchor Spaces Inline Stores Pad Sites & Ready Free Standing Buildings

Contact us: leasing@nassimirealty.com acquisitions@nassimirealty.com

See Us at ICSC New York Booth #113 Rhinelander Gallery Nassimi Realty, LLC 370 Seventh Avenue Suite 1600 New York, NY 10001

T: 212.643.8080 www.nassimirealty.com T: 800.521.5208 F: 212.643.2626 E: leasing@nassimirealty.com

The Dealmakers


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Aberdeen – Romeo Plaza, a 10,000 sq.ft. center, has a 1,883 sq.ft. space available. Clifton – Tick Tock Plaza, an 18,879 sq.ft. center, has a 6,500 sq.ft. space available. East Brunswick – Miracle Mall, a 100,000 sq.ft. center, has spaces available from 10,000 sq.ft. to 64,000 sq.ft. Edgewater Park – A 54,779 sq.ft. former Pathmark has spaces available from 1,500 sq.ft. to 24,779 sq.ft. Edison – Inman Grove Shopping Center, a 160,000 sq.ft. center, has spaces available of 1,290 sq.ft.; 2,000 sq.ft. and 3,000 sq.ft. Elizabeth – A 74,000 sq.ft. former Toys “R” Us has a 27,000 sq.ft. space available. Green Brook – A divisible 28,000 sq.ft. former Wood Gym Playhouse is available. Jackson – Romeo Plaza, a 40,000 sq.ft. center, has spaces available from 1,550 sq.ft. to 4,950 sq.ft. Little Falls – AVI Building, a 4,960 sq.ft. building, has an 1,800 sq.ft. space available. Manalapan – Manalapan Epi Centre, a 460,000 sq.ft. center, has a 6,200 sq.ft. space available. Metuchen – A 1,200 sq.ft. space is available. Middletown – Romeo Plaza, an 80,000 sq.ft. center, has spaces available of 1,500 sq.ft. and 2,000 sq.ft. Neptune – Strauss

New Jersey

New Jersey

Center, a 17,350 sq.ft. center, has spaces available from 2,000 sq.ft. to 6,500 sq.ft. New Providence – A 60,000 sq.ft. former A&P has spaces available from 5,000 sq.ft. to 27,000 sq.ft. Sayreville – Romeo Plaza, a 10,000 sq.ft. center, has a 1,600 sq.ft. space available. Shrewsbury – A 41,902 sq.ft. former Foodtown is available for sublease. Tinton Falls – A 16,612 sq.ft. former Velocity is available for sublease. Union – PetSmart Center, a 47,140 sq.ft. center, has a 24,844 sq.ft. space available. Washington Township – WOW Plaza, a 12,000 sq.ft. center, has spaces available from 1,600 sq.ft. to 4,800 sq.ft. For details, contact R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-731-9241; Web site: www.njretailrealty.com.

Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Brick Township – A 2,601 sq.ft. freestanding building located on Route 70 is available. The asking rent is $20 psf. Newton – A 19,311 sq.ft. freestanding building located on Nelson Street is available. The asking rent is $7.75 psf. For details, contact Len Weiselberg, Robert

Julius Borrus says... “We have a posse of investors searching for...” Anchored Centers | Strip Centers Neighborhood Centers | Power Centers NY, NJ, CT, PA, MD, DE

Please contact us at: 732-345-7002 | 732-345-7207 Fax Email: borruscommre@aol.com

BORRUS ASSOCIATES A member of the International Council of Shopping Centers

COMMERCIAL INVESTMENT REAL ESTATE

30 Monmouth St., Red Bank, NJ 07701 Mailing Address P/O Box 8357, Red Bank, NJ 07701 page 82

December 11, 2009

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East Rutherford – Lowe’s Shopping Center, a 181,294 sq.ft. center located at the intersection of Route 17 North and Route 120/Paterson Plank Road, has a 4,004 sq.ft. divisible endcap space available. Marlton – Tri-Towne Plaza, a 176,519 sq.ft. center located at the intersection of Route 70 and Plymouth Drive, has anchor space available. Cotenants include Sears Essentials and Superfresh. Mt. Olive – Pad sites are available. Area retail includes Walmart, Sam’s Club and T.J. Maxx. Old Bridge – A&P Shopping Center, a 64,920 sq.ft. center located at the intersection of Route 9 and Ferry Road, has a 7,140 sq.ft. space available. Williamstown – Williamstown Shopping Center, an 85,000 sq.ft. center located at the intersection of Route 42/Black Horse Pike and Main Street, has anchor space available. Cotenants include CVS and Fashion Bug. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. East Windsor – Royal Plaza has spaces available from 950 sq.ft. to 2,000 sq.ft. Cotenants include City Streets Café, CitiFinancial and Allstate Insurance. Edison – Edison Plaza has spaces available from 2,816 sq.ft. to 4,400 sq.ft. ShopRite anchors the center and cotenants include Party Fair and Capital One Bank. Linden – Aviation Marketplace has a 6,000 sq.ft. restaurant outlot available. Target, Home Depot, ShopRite and AMC Theatres anchor the center. Plainsboro – Princeton Meadows has spaces available from 1,163 sq.ft. to 2,000 sq.ft. Cotenants include Asian Food Market, Subway and Kumon Learning. For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.millbrookproperties.com. (continued on page eighty-four)



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Flemington – The Pointe, a 20,000 sq.ft. strip center situated on 1.5 acres at the intersection of South Main Street and Route 202, has spaces available of 2,504 sq.ft. and 2,750 sq.ft. H&R Block, Domino’s Pizza, PNC Bank and RadioShack anchor the center. Cotenants include Distinctive Dinettes. Area retail includes TD Bank, Staples, Burlington Coat Factory, Marshalls, ShopRite, T.G.I Friday’s, Chili’s, Bed Bath & Beyond, Kitchen Expo Plaza, Hunterdon Shopping Center and Flemington Shoppes.

New Jersey

New Jersey

Area demographics include a population of 36,000 within five miles earning $135,000 as the average household income. The average daily traffic count is 29,500 vehicles. The asking rent is $20 psf with CAM of $4.25 psf and taxes of $2.25 psf. For details, contact Shane Wierks, Jeffery Realty, Inc., 116 Route 22, North Plainfield, NJ 07060; 908-581-7781, Fax 908-668-5225; Email: swierks@jefferyrealty.com; Web site: www.jefferyrealty.com.

available. Also, a space located at the intersection of Bloomfield Avenue and South Park Street is available. Also Wedgewood Building has space available. Also, Crane Building has space available. Also, a space located on Bloomfield Avenue is available. For details, contact Neal J. Richards, Vanguard Realty, Inc., 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15; Email: nrichards@vanguardsite.com; Web site: www.vanguardsite.com.

Montclair – Lackawanna Plaza has space

North Brunswick – Hidden Lake Towne Center, a 43,558 sq.ft. mixed-use center, has spaces available from 856 sq.ft. to 2,975 sq.ft. Area demographics include a population of 210,283 within five miles. For details, contact Ann O’Neal, TKO Real Estate Advisory Group, Inc., 100 Youngs Road, Mercerville, NJ 08619; 800-7325856; Email: ann@dealmakers.net; Web site: www.dealmakers.net.

THE BAY TERRACE LIFESTYLE CENTER

Bayside — Queens, NY

Up to 7,200 square ft. of Retail Space Available for Lease

Princeton – Princeton Shopping Center, a 228,000 sq.ft. open-air center located on North Harrison Street, has spaces available from 1,450 sq.ft. to 13,000 sq.ft. McCaffrey’s, Ace Hardware, New York Sports Club and Rite Aid anchor the center. Cotenants include Great Clips, PNC Bank, The UPS Store, Quiznos, Dunkin’ Donuts, RadioShack, Hallmark and Edward Jones. Area demographics include a population of 78,592 within five miles earning $148,008 as the average household income. For details, contact Chris Hanington; George Comfort & Sons; 609-921-6234; Email: chaningtonprinceton.shoppingcenter@verizon.net; Web site: www.princetonshoppingcenter.com.

Comments • Located in Densely Populated Queens County • A mix of National and Specialty Retailers, Restaurants, and AMC Multiplex Theater • Ample free parking • Easily accessible form the Cross Island Parkway and the Clearview Expressway Radius

Population

Average H.H. Income

Total Households

1 mile

34,924

$88,838

14,814

3 miles

329,498

$81,977

122,846

5 miles

852,911

$78,750

297,199

New York Airmont – Colonial Square, located on Route 59, has spaces available from 1,500 sq.ft. to 5,600 sq.ft. Cotenants include Trustco, Planet Fitness and Alto Music. Brooklyn – A center located on Nostrand Avenue between Avenue Y and Avenue Z has spaces available from 1,500 sq.ft. to 4,000 sq.ft. Pathmark shadowanchors the site. Cornwall – Cornwall Plaza, located on Highway 107/Quaker Avenue, has spaces available from 1,900 sq.ft. to 7,300 sq.ft. Cotenants include Key Food, Bank of America and U.S. Postal Service. Harriman – Woodbury Centre, located on Route 17/Route 6, has spaces available from 12,000 sq.ft. to 31,000 sq.ft. Cotenants include Kohl’s, Modell’s, Michaels, Staples and Eileen Fisher. Hopewell Junction – Hopewell Plaza, located on Route 82/Route

For information, please contact: Patricia Walsh, Leasing Dept. (718) 947-7110 pwalsh@cordmeyer.com www.bayterrace.com | www.cordmeyer.com

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A new shopping and office destination for the Indo-American community…

Hidden Lake Towne CenTer in norTH BrunswiCk, nJ • 856

– 2,975 sq.ft. available

• Close proximity to Routes 1, 27, 130 & NJ Turnpike promotes easy access for destination shopping • Residential community of 1,655 homes, condos, town houses and apartments within walking distance • From 1990 to 2000, the population within a one mile radius increased by 20.8%, with the Indo-American population increasing by 26% during the same time period. • Average household income of $122,599 within a one mile radius • Population of 210,283 within a five mile radius Hidden Lake Towne Center has a total GLA of 43,558 sq.ft., 10,000 sq.ft. of which is devoted to secondfloor office space. Ample parking is available. The buildings are grouped facing each other and form an irregular and interesting pentagonal interior courtyard. This area is landscaped and contains sitting areas and a modern version of the town square clock tower. It’s a warm, inviting place, destined to attract fine shops, restaurants and business establishments. The residential units at Hidden Lake provide captivated shoppers with 407 detached single-family homes, 110 attached single-family homes, 220 patio homes, 200 townhomes, 120 court homes, 90 condominium flats, and 500 rental apartments. The development is zoned for office, retail, food, education, and other professional uses in a neighborhood location.

For leasing information, please contact Ann O’Neal | ann@dealmakers.net | 1-800-732-5856


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376, has a 3,800 sq.ft. space available along with a pad site. Cotenants include CVS and GNC. Mamaroneck – Seaport Plaza, located on Route 1/Boston Post Road, has a 6,920 sq.ft. endcap available. Cotenants include Subway and The UPS Store. Newburgh – Newburgh Towne Center, located on Route 300, has a 1,400 sq.ft. space available. Super Stop & Shop anchors the center and cotenants include Marshalls and dressbarn. Also, ShopRite Plaza, located on Route 32/ North Plank Road, has spaces available from

New York

New York

1,600 sq.ft. to 8,100 sq.ft. ShopRite anchors the center and cotenants include Bank of America. Nyack – A 3,300 sq.ft. former Chase Bank located on Main Street is available for sublease. Patterson – Patterson Commons, located on Route 22, has a 1,890 sq.ft. space available along with a pad site. A&P anchors the center and cotenants include Dunkin’ Donuts and Dollar Tree. Pawling – Pawling Park, located on Route 22, has spaces available from 1,750 sq.ft. to 13,000 sq.ft. Pearl River – A 3,600 sq.ft. Chase Bank located on East Central Avenue is available

for sublease. Saugerties – Saugerties Plaza, located on Route 212/Route 32, has spaces available from 2,200 sq.ft. to 32,400 sq.ft. along with a pad site. Cotenants include CVS, Blockbuster Video and Subway. Tappan – Spaces from 500 sq.ft. to 3,200 sq.ft. located along Route 303 are available. Wappingers Falls – Lafayette Plaza, located on Route 9, has spaces available from 1,520 sq.ft. to 10,000 sq.ft. Area retail includes Kohl’s and Hannaford. The average daily traffic count is 45,000 vehicles. Yonkers – Centfort Plaza, located on Central Avenue, has spaces available from 1,700 sq.ft. to 5,000 sq.ft. Cotenants include GameStop, Vitamin Shoppe and Dunkin’ Donuts. Also, a 4,000 sq.ft. space located on Main Street is available. Area retail includes Key Bank, Retro Fitness and Verizon FIOS. For details, contact Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com. Baldwin – Baldwin Square has spaces available from 800 sq.ft. to 4,200 sq.ft. Cotenants include Best Buy and Applebee’s. Bayshore – Bay Shore Commons has spaces available from 1,450 sq.ft. to 13,000 sq.ft. Cotenants include Stop & Shop, Rent-ACenter and Blockbuster Video. Bethpage – Bethpage Commons has spaces available from 3,025 sq.ft. to 5,000 sq.ft. Cotenants include Autobarn and Dunkin’ Donuts. Bohemia – Bohemia Commons has an 800 sq.ft. space available. Cotenants include Lucille Roberts and CVS. Hauppauge – Adams Commerce Plaza has a 1,200 sq.ft. space available. Cotenants include Dunkin’ Donuts, Pomodorino and Blimpie. Lake Ronkonkoma – Lake Shore Plaza has a 9,614 sq.ft. space available. Cotenants include Waldbaum’s, RadioShack and Chase Bank. Nanuet – Nanuet Mall South has a 1,500 sq.ft. space available. Cotenants include Premier Fitness and Jenny Craig. Nyack – Tali Plaza of Nyack has spaces available from 1,339 sq.ft. to 2,289 sq.ft. Cotenants include Riverspace Arts Theater, Subway and H&R Block. Seaford – Kenmor Plaza has a 2,013 sq.ft. space available. Cotenants include Blockbuster Video and Flynn & O’Hara Uniforms. Spring Valley – Spring Valley Marketplace has spaces available from 1,174 sq.ft. to 4,400 sq.ft. Cotenants include Michaels, Bed Bath & Beyond and Christmas Tree Shops. For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY

4

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AMERICA’S DRIVE IN

FOR SOUTHERN AND CENTRAL PENNSYLVANIA AND SOUTHERN NEW JERSEY

2NGCUG 5GPF 5KVG 5WDOKUUKQPU GNGEVTQPKECNN[ VQ

jimkahn@kahnandco.com Jim Kahn Kahn & Co. Real Estate 215-654-0500


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11030; 516-869-1240, Fax 516-869-8576; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.millbrookproperties.com. Brooklyn – A 3,455 sq.ft. space located at the intersection of 13th Avenue and 45th Street is available. Area retail includes Commerce Bank, Closeout Connection, M&M Shoes, Apple Savings Bank, Coat Arcade, Sock Exchange, Focus Computer, Majestic Home Décor, Mimi, Payless ShoeSource, Elzee, HSBC, The Children’s Place, Park Avenue Bank, 99 Cents, Juvenile Furniture, Marcy Clothing, Lare Drugs, Novella, Silver Town, Bridal Fashions, Ragazzi Men’s, Judaica, Liberty Bank, Capital One Bank, United Colors of Benetton and Kosher Delight. Area demographics include a population of 170,262 within one mile earning $49,878 as the average household income. Commack – Mayfair Shopping Center, located on Jericho Turnpike, has spaces available of 2,500 sq.ft. and 3,212 sq.ft. along with a 2,500 sq.ft. pad site and endcaps of 3,500

New York

New York

sq.ft. and 20,000 sq.ft. Cotenants include Waldbaum’s, Gap/Gap Kids, Ann Taylor Loft, Jos. A. Bank, Talbots Outlet, Claire’s, MJM Shoes, GameStop, Rite Aid and Outback Steakhouse. Area demographics include a population of 199,492 within five miles earning $116,531 as the average household income. The average daily traffic count is 27,000 vehicles. For details regarding the Brooklyn property, contact Raymond Harari, Levin Management Corp.; 800-488-0768 Ext. 297; Web site: www.levinmgt.com. For details regarding the Commack property, contact Jason Frantzman; 800-488-0768 Ext. 266; Email: jfrantzman@levinmgt.com.

Manger, Duane Reade, Valley National Bank, Starbucks, Pax Foods, Staples and GNC. Area draws include Times Square and Herald Square. Also, a building located on West 60th Street between Amsterdam Avenue and West End Avenue has spaces available from 824 sq.ft. to 3,435 sq.ft. Area retail includes CVS, Duane Reade, D’Agostino, Chase Manhattan Bank, Starbucks, ABC Studios, Rosa Mexicano, Ethan Allen and HSBC. Area draws include St. Luke’s Roosevelt Hospital and John Jay College. Also, a divisible space of 37,000 sq.ft. located at the intersection of 44th Street and 5th Avenue is available. Also, a divisible space of 17,600 sq.ft. located at the intersection of 39th Street and 5th Avenue is available. Also, a divisible space of 47,000 sq.ft. located at the intersection of 32nd Street and 6th Avenue is available. Also, a divisible space of 100,000 sq.ft. located at the intersection of West 42nd Street and 11th Avenue is available. Also, Columbus Square, located along Columbus Avenue from 97th Street to 100th Street, has space available. Area retail includes Whole Foods Market, Michaels, Modell’s, Borders, Sephora, Duane Reade, Chase Bank, Bank of America, Crumbs, Mandell School and T.J. Maxx. For details, contact Jeff Winick, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-7922601/2611, Fax 212-792-2660; Emails: jeff@winick.com; Web site: www.winick.com. For additional details regarding the Brooklyn property, contact Diana D. Boutross or Lee Block; 212-792-2600. For additional details regarding the West 38th Street property, contact David Harary; 212-792-2611; Email: dharary@winick.com. For additional details regarding the West 60th Street property, contact Steven E. Baker or Zach Fox; 212792-2636/2639; Email: stevenb@winick.com and zfox@winick.com. For additional details regarding the 44th Street property, contact Darrell Rubens or Lori Shabtai; 212792-2601. For additional details regarding the 39th Street property, contact Steven E. Baker. For additional details regarding the 32nd Street property, contact Benjamin Fox. For additional details regarding the West 42nd Street property, contact Adrienne Shea or Michael Gleicher. For additional details regarding Columbus Square, contact Lori Shabtai.

Brooklyn Heights – The Shops at One Brooklyn Ridge Park, a mixed-use center located at the intersection of Atlantic Avenue and Furman Street, has spaces available from 800 sq.ft. to 30,000 sq.ft. New York – A building located on West 38th Street between Fifth Avenue and Sixth Avenue has a divisible ground-floor space of 10,000 sq.ft. available along with lower- and second-floor spaces of 10,000 sq.ft. Area retail includes Pret A

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Buffalo – McKinley Mall, a 954,492 sq.ft. center located at the intersection of McKinley Parkway and Milestrip Road, has spaces available from 640 sq.ft. to 30,000 sq.ft.

Tom Torelli 203-661-5800 page 88

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Sears, Macy’s/Macy’s Home, JCPenney, The Bon-Ton, Bed Bath & Beyond, Best Buy and Barnes & Noble anchor the center. Cotenants include American Eagle Outfitters, Bath & Body Works, Dipson Theatres, Gap, Hollister, Hot Topic, PacSun, Zumiez and Ulta. Area demographics include a population of 441,802 within 10 miles earning $52,170 as the average household income. The average daily traffic count is 61,563 vehicles. For details, contact Joseph S. Soussana, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 847-966-9240, Fax 610664-1976; Email: jsoussana@stoltzusa.com; Web site: www.stoltzusa.com.

• 7,908 SF 1,270 sf of office upstairs Included in the square footage, 6,638 sf on the ground floor • Rental Rate $1.00/SF/Month • Property Type Street Retail

Deer Park – Kohl’s Plaza, a 182,875 sq.ft. center located at the intersection of Commack Road and Grand Boulevard, has a planned 8,000 sq.ft. space available. Kohl’s and Super Stop & Shop anchor the center. Glenville – A 128,485 sq.ft. former Kmart located at the intersection of Route 50/Saratoga Road and Glenridge Road is available. Holtsville – Island 16 Cinemas Shopping Center, a 117,342 sq.ft. center located at the intersection of Nicholls Road and Long Island Expressway, has an outlot available. Cotenants include National Amusements Theater and Chili’s. Latham – Kmart Shopping Center, a 118,863 sq.ft. center located at the intersection of Route 7 and Swatling Road, has a divisible 10,000 sq.ft. outlot available. Monroe – Harriman Commons, a 656,198 sq.ft. center located at the intersection of Route 17/Route 6 and Route 32, has anchor space and outlots available as well as expansion space. Walmart, Home Depot, BJ’s Wholesale Club, Target, HomeGoods and Best Buy anchor the center. Nanuet – Home Depot Plaza, a 250,000 sq.ft. center located at the intersection of Route 59 and Hutton Avenue, has a pad site available. Home Depot and Staples anchor the center. Staten Island – Lowe’s West Shore Center, a 166,600 sq.ft. center located at the intersection of Interstate 440/Veterans Road West and Arthur Kill Road, has a 7,000 sq.ft. pad site available. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

• Lease type: NNN • Building Size 24,753 SF • Traffic count 28,800 cars daily • Anchor tenant Big O’ Tire • Highlights Lighted intersection; Personal monument sign & street signage; central Reno location; immediate occupancy; newly built out space • Description This space has been used for grocery and a thrift store. Great tenant mix • Lease incentives: ASK! • The State of Nevada offers one of the most tax and business friendly environments of any state.

Request additional information Mark Hallenbeck, Hallmark Inv. & Mgmt. LLC (775) 786-8488 December 11, 2009

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Hudson Falls - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. The

Dealmakers

www.dealmakers.net

New York New Paltz - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. Poughkeepsie - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. For details, contact Rob Mehlich Jr., Mehlich Associates; 914-793-5050; Web site: www.mehlichassoc.com. Manhasset – A multi-level space totaling 5,600 sq.ft. located on Northern Boulevard is available. Area retail includes Ethan Allen, Lord & Taylor, Sur La Table and Barnes & Noble. New York – A multi-level building totaling 3,000 sq.ft. located at the intersection of Third Avenue and 59th Street is available. Area retail includes Bloomingdale’s, Ethan Allen, Urban Outfitters, Clarks and Home Depot. New York – A 2,300 sq.ft. space located on Third Avenue between East 49th Street and 50th Street is available. Area retail includes bebe, Smith & Wollensky and Cohen’s Fashion Optical. For details, contact Faith Hope Consolo or Joseph Aquino, Prudential Douglas Elliman Real Estate; 212-418-2000/2018; Emails: fconsolo@elliman.com and jaquino@elliman.com; Web sites: www.faith-consolo.com and www.elliman.com. Newburgh – Palmerone Farms, a 28,800 sq.ft. neighborhood center situated on 10 acres at the intersection of Route 300 and Route 17K, has a 2,300 sq.ft. pad site available. Longhorn Steakhouse, Chili’s, Panera Bread and Verizon Wireless anchor the center. Area retail includes Lowe’s Home Improvement, Home Depot, Kohl’s and Target. Area draws include Stewart Airport. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com. New York – A multilevel space totaling 4,857 sq.ft. located on Crosby Street between Broadway and Lafayette Street is available. Area draws include New York University. For details, contact Marvin R. Shulsky, Shulsky Properties, Inc.; 212-685-1514, Fax 212-685-3610. New York – A 1,175 sq.ft. space located between 47th Street and 48th Street is available. Area retail includes Olive Garden, Subway and WaMu. For details, contact Sherwood Equities, 745 Fifth Avenue, New York, NY 10151; Email: frosenberg@sherwoodequities.com. (continued on page ninety-two)


Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you:

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Space Place New York

(continued from page ninety)

Staten Island – Coral Island Shopping Center has spaces available from 840 sq.ft. to 2,980 sq.ft. Also, Tottenville Square has spaces available from 1,164 sq.ft. to 8,002 sq.ft. For details, contact Helen Vitaliano, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 718-980-7684, Fax 919-424-0001; Email: helenvitaliano@si.rr.com; Web site: www.rivercrestrealty.com. West Islip – Captree Shopping Center, located at the intersection of Union Boulevard and Higby Lane, has spaces available of 1,589 sq.ft. and 2,040 sq.ft. King Kullen Supermarket anchors the center and cotenants include Capital One Bank, Blockbuster Video, Rite Aid, Astoria Federal Savings, Dunkin’ Donuts and U.S. Postal Service. For details, contact Bob Huhem, Majestic Property Affiliates, Inc., 60 Cutter Mill Road, Great Neck, NY 11021; 516-466-3100, Fax 516-466-3132; Email: needpsace@majprop.com.

page 92

December 11, 2009

The

New York

North Carolina

West Seneca – A 5,566 sq.ft. freestanding building located on Ridge Road is available. The asking rent is $7.75 psf. Yonkers – A 7,920 sq.ft. freestanding building located on Central Avenue is available. The asking rent is $32 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

available from 997 sq.ft. to 11,488 sq.ft. Forest City – Hillside Plaza has spaces available from 2,012 sq.ft. to 24,962 sq.ft. Hendersonville – Highlands Square has spaces available from 2,508 sq.ft. to 8,513 sq.ft. Raleigh – Millbrook Collection has spaces available from 1,227 sq.ft. to 1,452 sq.ft. Shelby – Creekside Plaza has a 3,115 sq.ft. space available. Smithfield – Smithfield Plaza has spaces available of 1,514 sq.ft. and 3,023 sq.ft. Southport – Tidewater Plaza has a 3,020 sq.ft. space available. Taylorsville – A center has spaces available of 1,211 sq.ft. and 8,537 sq.ft. Winston-Salem – Hanes Commons has spaces available from 1,117 sq.ft. to 18,294 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: vshah@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

North Carolina Advance – Kinderton Place has spaces available of 1,325 sq.ft. and 1,773 sq.ft. Chapel Hill – Timberlyne has spaces available from 1,201 sq.ft. to 2,010 sq.ft. Charlotte – Archdale Marketplace has spaces available from 2,410 sq.ft. to 4,018 sq.ft. Also, Royal Plaza has spaces available from 1,259 sq.ft. to 6,696 sq.ft. Durham – Parkway Plaza has a 2,633 sq.ft. space available. Also, The Village has spaces

Dealmakers

www.dealmakers.net

Ohio Ashtabula – Home Depot Plaza, a 130,000 sq.ft. center located at the intersection of (continued on page ninety-four)


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Ohio (continued from page ninety-two)

Route 20 and Orchard Road, has expansion space available along with a pad site. Findlay – Hobby Lobby Plaza, located at the intersection of Tiffin Avenue and Croy Drive, has anchor space available along with an outlot. Hobby Lobby anchors the center. Oregon – A 4.645-acre parcel located at the intersection of Dustin Road and Isaac Street Drive is available. Area retail includes Kmart. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Ohio

Pennsylvania

available. The asking rent is $9.75 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

available. The asking rent is $11 psf. Bristol – A 7,020 sq.ft. freestanding building located on Route 13 is available. The asking rent is $12 psf. Warminster – A 2,304 sq.ft. freestanding building located on York Road is available. The asking rent is $14.75 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Pennsylvania

Dayton – Washington Park Plaza, a 178,750 sq.ft. center, has spaces available from 1,600 sq.ft. to 22,953 sq.ft. Cotenants include Old Time Pottery, United Art, Arrow Wine & Spirit, Hometown Buffet and Harrigan’s Tavern. Area retail includes Sam’s Club. For details, contact Jeffrey James or Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.

Allentown – Home Depot Plaza, a 220,000 sq.ft. center located at the intersection of Route 78 and Lehigh Street, has a 9.82-acre outlot available. Carlisle – A 140,715 sq.ft. center located at the intersection of Route 34/Hanover Street and Interstate 81 has a 10,584 sq.ft. expansion space available. Cotenants include Home Depot and Chili’s. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Mansfield – A 4,800 sq.ft. freestanding building located on West 4th Street is

Altoona – A 3,249 sq.ft. freestanding building located on Pleasant Valley Boulevard is

Bloomsburg – Columbia Plaza, an 11,578 sq.ft. neighborhood center located on Route 11/Columbia Boulevard, has a 5,800 sq.ft. space available. Cotenants include Blockbuster Video. Area draws include Bloomsburg University. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com. Irwin – Norwin Hills, a 244,364 sq.ft. center, has spaces available from 800 sq.ft. to 31,000

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Quiznos

PNC Bank

Dunkin’ Donuts Edward D. Jones

The UPS Store Radio Shack

Hallmark and more…

For leasing information, contact: Bob Huhem 516-466-3100

Chris Hanington 609-921-6234 chaningtonprinceton.shoppingcenter@verizon.net www.princetonshoppingcenter.com page 94

December 11, 2009

The

Dealmakers

Majestic

Property Affiliates, Inc.

www.dealmakers.net

60 Cutter Mill Road Great Neck, NY 11021 Fax: 516-466-3132 Email: needspace@majprop.com


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Rhode Island

South Carolina

sq.ft. Cotenants include Aldi, Rite Aid, Goodwill Industries, GNC, Galaxy Fitness and Fashion Bug. Pittsburgh – Kennywood Shops, a 198,210 sq.ft. center, has spaces available from 1,640 sq.ft. to 31,400 sq.ft. along with a 4,000 sq.ft. outlot. Cotenants include Giant Eagle, Famous Labels, Dollar General and Fashion Bug. For details, contact Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-4037777, Fax 727-517-2276; Web site: www.lamarcompanies.com.

7767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

to 4,900 sq.ft. along with a 1.49-acre outlot. Cotenants include Ross Dress for Less, Cost Plus World Market, Bed Bath & Beyond and Catherines. Rock Hill – Market on Cherry Road, a 129,518 sq.ft. center, has spaces available from 1,500 sq.ft. to 2,000 sq.ft. along with a 0.8-acre outlot. Cotenants include Office Depot, Big Lots, Anna’s Linens, Lebo’s, It’s Fashion Metro and Payless ShoeSource. For details, contact Jeffrey James or Michael Mahan Jr., Lamar Cos., 365 South

South Carolina Anderson – Anderson Pavilion, a 64,221 sq.ft. center, has a 3,150 sq.ft. endcap available. Publix anchors the center. Charleston – West Ashley Shoppes, a 136,260 sq.ft. center, has spaces available from 1,050 sq.ft.

(continued on page ninety-six)

Philadelphia – Wadsworth Plaza, located at the intersection of Cheltenham Avenue and Wadsworth Avenue, has spaces available of 1,500 sq.ft. and 2,400 sq.ft. along with a 1,925 sq.ft. endcap. Cotenants include Rent-A-Center, Dunkin’ Donuts, United Bank of Philadelphia, Sneaker Villa, Family Dollar and CVS. Area retail includes Walmart, Pathmark, Toys “R” Us, Modell’s, A.J. Wright, Old Country Buffet, Bally Total Fitness and Cedarbrook Plaza. Area demographics include a population of 482,563 within five miles earning $68,278 as the average household income. The average daily traffic count is 20,900 vehicles. Scranton – Southside Shopping Center, located at the intersection of South Washington Avenue and Elm Street, has spaces available of 5,600 sq.ft. and 6,000 sq.ft. along with a pad site. Cotenants include Rite Aid, Super China Buffet, Sally Beauty Supply, H&R Block, Alfredo’s Italian Restaurant, Rent-A-Center, Dollar Tree, Gertrude Hawk Chocolates, The Shack and McDonald’s. Area demographics include a population of 114,646 within five miles earning $46,198 as the average household income. The average daily traffic count is 15,000 vehicles. For details, contact Paragon Management Group, LLC, 276 Post Road West, Suite 201, Westport, CT 06880; 888-2553188, Fax 203-221-7078; Web site: www.paragonct.com.

Rhode Island Warwick – A 4,800 sq.ft. freestanding building located on Lambert Lind Highway is available. The asking rent is $10.50 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546www.dealmakers.net

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December 11, 2009

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Space Place South Carolina

South Carolina

(continued from page ninety-five)

Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com. Boiling Springs – Boiling Springs Center has spaces available of 2,006 sq.ft. and 3,009 sq.ft. Columbia – Northpointe Commons has spaces available from 1,995 sq.ft. to 35,000 sq.ft. Florence – Southside Commons has a 3,193 sq.ft. space available. Gaffney – Piedmont Plaza has spaces available of 2,003 sq.ft. and 3,213 sq.ft. Georgetown – Plantation Plaza has a 3,011 sq.ft. space available. Greenville – Haywood Plaza has spaces available from 1,020 sq.ft. to 5,374 sq.ft. Also, Shoppes at Woodruff has spaces available from 1,482 sq.ft. to 4,008 sq.ft. Also, White Horse Commons has a 4,007 sq.ft. space available. Greenwood – Westwood Plaza has spaces available from 4,532 sq.ft. to 27,436 sq.ft. Greer – Hillview Plaza has spaces available of 2,018 sq.ft. and 3,007 sq.ft. Lexington – East Towne Square has a 4,745 sq.ft. space available. Also, Village Square has spaces available of 792 sq.ft. and 1,444 sq.ft. Myrtle Beach – Northwood Plaza has spaces available from 1,122 sq.ft. to 6,422

sq.ft. Also, Plantation Point has spaces available from 1,423 sq.ft. to 4,128 sq.ft. Surfside Beach – Surfside Commons has a 4,023 sq.ft. space available. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: dlewis@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Tennessee Chattanooga – A 1,548 sq.ft. freestanding building located on Brainerd Road is available. The asking rent is $9.50 psf. Knoxville – A 5,400 sq.ft. freestanding building located on Chapman Highway is available. The asking rent is $6.75 psf. Memphis – A 4,550 sq.ft. freestanding building located on Winchester Road is available. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com,

Wakefern Food Corporation is the largest retailer-owned cooperative in the United States. We have two formats: ShopRite Supermarkets, a full service supermarket, (65,000-90,000 square feet) and PriceRite our limited assortment, low-priced oriented supermarket (35,000-45,000 square feet). We currently have 215 ShopRite and 41 PriceRite locations. We are aggressively seeking growth opportunities over the next 18 months, in all of our current market areas: Maryland, Delaware, Pennsylvania, New Jersey, New York, Connecticut, Rhode Island and Massachusetts, with specific growth targeted for the 5 Boroughs of New York, Long Island and Maryland. For more information please contact Tish Daly, Manager of Real Estate, Wakefern Food Corporation 33 Northfield Avenue, Edison, NJ 08818. 732-906-5371 page 96

December 11, 2009

The

Dealmakers

www.dealmakers.net

Tennessee rcrum@kinproperties.com mmakler@kinproperties.com; www.kinproperties.com.

Web

and site:

Cookeville – Cumberland Station has spaces available of 895 sq.ft. and 3,000 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: vshah@rivercrestrealty.com; Web site: www.rivercrestrealty.com. Oak Ridge – Briarcliff Center, located on Briarcliff Avenue, has spaces available from 1,200 sq.ft. to 3,000 sq.ft. National Fitness shadow-anchors the center. The asking rent is $18 psf. For details, contact Ben Sullivan or Tim Hickey, Holrob, 5500 Lonas Drive, Suite 300, Knoxville, TN 37909; 865-342-8735 or 865637-3770; Emails: bsullivan@holrob.com and thickey@holrob.com.

Texas Abilene – A 4,860 sq.ft. freestanding building located on North First Street is available.


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Virginia

The asking rent is $4.95 psf. Amarillo – A three-acre parcel located on Southwest 45th Street is available. Austin – A 27,720 sq.ft. freestanding building located on East Braker Lane is available. The asking rent is $9 psf. Grand Prairie – A 16,467 sq.ft. freestanding building located on Belt Line Road is available. The asking rent is $5 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com.

Bluefield – Ridgeview Plaza has a 30,012 sq.ft. space available. Martinsville – Mountainville Plaza has spaces available from 1,998 sq.ft. to 9,014 sq.ft. Radford – Peppers Ferry Centre has spaces available of 1,608 sq.ft. and 2,776 sq.ft. South Boston – A 1,202 sq.ft. space is available. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: vshah@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Hickory Creek – A divisible 3,600 sq.ft. endcap is available. Walmart Supercenter shadow-anchors the site and cotenants include GameStop, Cato and Chase Bank. For details, contact Andrew Sanderson, Tom Fouts Commercial, 1200 South Woodrow Lane, Suite 100, Denton, TX 76205; 940382-1541; Email: andrew@dentontx.com; Web site: www.dentontx.com. Lewisville – Garden Park, a 178,335 sq.ft. center, has spaces available from 1,030 sq.ft. to 30,090 sq.ft. along with a 0.73-acre outlot. Cotenants include Stein Mart, Christian Family Bookstore and Oishi Hibachi & Sushi. North Richland Hills – Rufe Snow Village, a 99,331 sq.ft. center, has spaces available from 247 sq.ft. to 45,528 sq.ft. along with a 0.37-acre outlot. Cotenants include Aaron’s, American General Finance, Jackson Hewitt, Baskin Robbins and CD Warehouse. For details, contact Jeffrey James, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-4037777, Fax 727-517-2276; Web site: www.lamarcompanies.com. San Antonio – Fossil Creek, a 34,069 sq.ft. center, has spaces available from 1,200 sq.ft. to 6,000 sq.ft. Cotenants include CVS, Tap Exchange Alehouse & Grill and Wok on Wheels. Area demographics include a population of 115,693 within five miles earning $106,509 as the average household income. The asking rent ranges from $23 psf to $25 psf with CAM, insurance and taxes of $4.78 psf. For details, contact Whit Jordan, Reata Real Estate Services, 7330 San Pedro Avenue, Suite 710, San Antonio, TX 78216; 210-8413261; Email: wjordan@reatares.com.

Fairfax City – A 7,029 sq.ft. freestanding building located on Lee Highway is available. The asking rent is $39.75 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: www.kinproperties.com. Richmond – Food Lion Plaza, located at the intersection of Route 1/Jefferson Davis Highway and Chippenham Parkway, has outlots available. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. Richmond – Pocono Crossing Shopping Center, a 180,845 sq.ft. center located on Route 60/Midlothian Turnpike, has a 3,000 sq.ft. space available. Burlington Coat Factory and Chuck E. Cheese’s anchor the center. Cotenants include Lonestar Steakhouse, Catherines, Party City, Verizon Wireless, Taco Bell and SunTrust Bank. Area demographics include a population of 126,928 within five miles earning $86,633 as the average household income. The average daily traffic count is 62,000 vehicles. Also, Oxbridge Square Shopping Center, a 127,801 sq.ft. center located at the intersection of Route 360/Hull Street Road and Courthouse Road, has spaces available from 1,014 sq.ft. to 2,986 sq.ft. Ukrop’s and Harley Davidson anchor the center. Cotenants include Ace Hardware, Barnett’s Hallmark and Starbucks. Area demographics include a population of 115,921 within five miles earning $77,428 as the average household income. The average

www.dealmakers.net

BOARDMAN, OH

FOR sAle/leAse 181,595 sq ft; adjacent to Walmart/Giant Eagle/Lowes; 10,000-100,000 sq ft for Lease; busiest intersection in Mahoning County. Outparcel available.

BOARDMAN, OH

FOR leAse 28,881 sq ft available; signalized entrance; Target/Kohls/Barnes & Noble/Best Buy/TJ Maxx/Bed Bath and Beyond; High traffic; excellent visibility.

WARReN/CORTlAND, OH

FOR leAse Located at the only entrance to a new Super Walmart; join Alltel, Great Clips, Game Stop, American General, and a NEW McDonalds. Outparcel available.

BOARDMAN/CANFIelD, OH

FOR sAle 33,000 sq ft at major intersection; 2.11 acres; can be subdivided into small shops. $1,700,000.

www.KutlickRealtyllC.com

(continued on page ninety-eight) The

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(continued from page ninety-seven)

daily traffic count is 57,000 vehicles. For details, contact Barbara Sacks, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 204, Fax 610664-1976; Email: bsacks@stoltzusa.com; Web site: www.stoltzusa.com. Warrenton – Warrenton Towne Centre, a 123,205 sq.ft. center, has spaces available of 2,858 sq.ft. and 15,922 sq.ft. along with a 4,520 sq.ft. bank pad site. Cotenants include Gold’s Gym, Country Cooking, Tuesday Morning, Bloom, BB&T, CVS, Dollar General, The White Elephant, WE Exchange, Regis Salon, State Farm Insurance, Granpa Groovey’s and Jackson Hewitt Tax Service. Area demographics include a population of 55,481 within 10 miles earning $111,215 as the average household income. For details, contact Bill Dickinson, Fraser Schaufele and Melissa Webb, The Rappaport Cos., 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 703-310-6983 or 571-382-1223/1227, Fax 571-382-1210; Emails: bdickinson@rappaportco.com, fschaufele@rappaportco.com and mwebb@rappaportco.com; Web site: www.rappaportco.com. Williamsburg – New Town Shops on Main, a 253,000 sq.ft. center located on Monticello

Virginia

Washington, DC

Avenue, has spaces available from 1,171 sq.ft. to 10,778 sq.ft. along with two 9,000 sq.ft. outlots. Cotenants include Barnes & Noble, Buffalo Wild Wings, Regal Cinemas, Panera Bread and Lane Bryant. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860521-4323; Email: kelly@developers-realty.com; Web site: www.developers-realty.com.

Klinger, Jimmy Choo, Louis Vuitton, Gucci, Bvlgari, Famosa, Max Mara, Dior, Barney’s Co-Op, Cartier and Ralph Lauren. Area demographics include a population of 543,170 within five miles earning $132,180 as the average household income. The average daily traffic count is 29,000 vehicles. For details, contact Bill Dickinson, Mike Howard and Melissa Webb, The Rappaport Cos., 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 703-310-6983 or 571-382-1219/1227, Fax 571-382-1210; Emails: bdickinson@rappaportco.com, mhoward@rappaportco.com and mwebb@rappaportco.com; Web site: www.rappaportco.com.

Washington, DC Washington, DC – Chevy Chase Pavilion, a mixed-use center featuring 150,000 sq.ft. of retail on Wisconsin Avenue Northwest, has spaces available from 510 sq.ft. to 10,207 sq.ft. Cotenants include Cost Plus World Market, Tree Top Kids, La Musa, Rainbow Salon, Bon Voyage, Pottery Barn, Starbucks, Washington Sports Club, Ann Taylor Loft, Richey Shoes, CVS, Simply Wireless, J. Crew, Alpaca, The Cheesecake Factory, T-Mobile and Stein Mart. Area retail includes Chevy Chase Center, featuring Clyde’s, Lacoste, Giant Food, Papyrus and Chevy Chase Bank; Friendship Center, featuring Loehmann’s, Maggiano’s and Borders; Mazza Gallerie, featuring Williams Sonoma, Saks Men’s Store, Filene’s, AMC Theaters and Neiman Marcus, and The Collection, featuring Tiffany, Georgette

West Virginia Martinsburg – A 23,744 sq.ft. freestanding building located on North Queen Street is available. The asking rent is $3.50 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-5467767 Ext. 112/117/118, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, rcrum@kinproperties.com and mmakler@kinproperties.com; Web site: D M www.kinproperties.com.

STORE FOR RENT 65 BLEECKER STREET

Running into Deadends?

(Between Broadway & Lafayette Streets at Crosby Street)

Retail real estate deals can be full of unexpected roadblocks. Well versed in all facets of retail real estate law, Meislik & Meislik serves property owners, lenders, investors, and tenants. We navigate our clients through the most complex twists and turns of retail real estate transactions. Thinking green?—green buildings, green leases, green land use...We have a LEED® Accredited Attorney on our team.

This distinctive structure, designed by Louis Sullivan, has been designated a National Historic Landmark. It is located at the juncture of SOHO, NOHO, Greenwich Village and the New York University Campus. STORE 3,350 SQ. FT. 15' Ceiling Height

LOWER LEVEL 1,507 SQ. FT. 9'-8" Ceiling Height

TOTAL 4,857 SQ. FT. 34’ FRONTAGE

For more information and to inspect space, please call for appointment:

973 783-3000 • www.meislik.com Montclair, New Jersey

page 98

December 11, 2009

The

Dealmakers

SHULSKY PROPERTIES, INC. Marvin R. Shulsky Phone: (212) 685-1514 | Fax: (212) 685-3610 www.dealmakers.net


GET TOGETHER

Good business is not just about where you’ve been - it’s about where you’re GoinG next. the next connection. the next lead. the next deal. the next move. at the retail network, we brinG retail real estate professionals toGether in innovative ways, helpinG to set the framework for the future of this industry. because it’s not just about the individual – it’s about all of us. it’s about how we come toGether to form a like-minded community, one that’s advanced not only by innovation, but by inteGrity, support and, most of all, passion.

InspIRInG. ImpROvInG. TOGETHER.

www.theretailnetwork.org


Most Valuable Players 10 Spot/Madrag....................................................................... Pg. 86

DLC Management Corp....................................................Pgs. 52, 53

Acadia Realty Trust.................................................................. Pg. 51

Dots........................................................................................ Pg. 25

AEI Capital Corporation........................................................... Pg. 20

Edgewood Properties........................................................Pgs. 38, 39

Allied Property Group............................................................. Pg. 88

Excess Space Retail Services, Inc.............................................. Pg. 26

Amcap, Incorporated............................................................... Pg. 59

Feil Organization, The............................................... Pgs. 11, 13, BC

ARC Properties, Inc................................................................... Pg. 7

Goldstein Group, The.......................................................Pgs. 27, 49

Aries Deitch & Endelson, Inc................................................... Pg. 64

Grubb & Ellis|Pacific Realty.................................................... Pg. 16

AutoZone................................................................................ Pg. 40

Hallmark Investment & Management LLC................................ Pg. 90

Borrus Associates..................................................................... Pg. 82

Jeffery Realty, Inc..................................................................... Pg. 58

Cedar Shopping Centers, Inc................................................... Pg. 35

Kahn & Co. Real Estate............................................................ Pg. 87

Center City Paterson, NJ.......................................................... Pg. 19

Karpoff Affiliates LLC............................................................... Pg. 41

City of Bowie, Maryland.......................................................... Pg. 32

Kay Realty Services LLC........................................................... Pg. 42

City of Cocoa, Florida.............................................................. Pg. 24

Kin Properties................................................................. Pgs. 63, IBC

Cord Meyer Company LLC...................................................... Pg. 84

Kutlick Realty LLC................................................................... Pg. 97

Cullinan Properties, Ltd........................................................... Pg. 44

KZA Engineering, P.A.............................................................. Pg. 95

CVS Caremark Realty............................................................... Pg. 31

Lamar Companies.................................................................... Pg. 57

Dealmakers, The...................................................... Pgs. 62, 79, 101

Learning Experience, The........................................................ Pg. 89

Developers Realty Corporation................................................ Pg. 17

Majestic Property Affiliates, Inc................................................ Pg. 94

Dietz Partnership, The............................................................. Pg. 28

Mall Properties, Inc..........................................................Pgs. 36, 37

Directory of Major Malls.......................................................... Pg. 93

Mehlich Associates................................................................ Pg. 100

DJM Realty.............................................................................. Pg. 43

Meislik & Meislik Retail Real Estate Law.................................. Pg. 98

page 100

December 11, 2009

The

Dealmakers

www.dealmakers.net


ovER 55,000

REAch REtAil REAl EstAtE dEcision MAkERs with jUst onE click. What makes a Dealmakers E-Blast different?

• Unlike other companies, there are no templates. Each blast is designed specifically for your company. • You can supply your own blast, keeping it consistent with your other marketing materials. • Most blasts can be turned around within 48 hours.

And best of all… • YoU dEcidE whEn to sEnd it. You’re not put into a queue with no idea when it has been sent.

Find oUt whAt ElsE sEts Us ApARt FRoM thE coMpEtition call Alyson parker at 1-800-732-5856


Most Valuable Players Millbrook Properties, Ltd......................................................... Pg. 33

Schuckman Realty, Inc.............................................................. Pg. 9

Nassimi Realty, LLC................................................................. Pg. 81

Shulsky Properties, Inc............................................................. Pg. 98

National Interiors................................................................... Pg. 100

Simon Companies, The............................................................ Pg. 80

Net Property Group LLC.......................................................... Pg. 60

Spandrel Group LLC, The........................................................ Pg. 45

New England Retail Properties, Inc.................................... Pg. 74, 75

Stotlz Management Corporation.............................................. Pg. 47

Nielsen Claritas....................................................................... Pg. 30

Stuart Makler & Associates, Inc................................................ Pg. 22

Paracom Realty Corporation.................................................... Pg. 56

TenantSearch........................................................................... Pg. 91

Park Center LLC....................................................................... Pg. 96

TKO Real Estate Advisory Group............................................. Pg. 85

Princeton Shopping Centers..................................................... Pg. 94

Urstadt Biddle Properties, Inc.................................................. Pg. 48

Pyramid Brokerage Company.................................................. Pg. 50

Vanguard Group, The.............................................................. Pg. 61

R.J. Brunelli & Co., Inc............................................................ Pg. 83

Vanick Properties Incorporated................................................ Pg. 14

RCS Real Estate Advisors......................................................... Pg. 21

Wakefern Food Corporation.................................................... Pg. 96

RD Management LLC.......................................................Pgs. 65–68

Weiss Realty............................................................................ Pg. 34

Real Estate Southeast LLC........................................................ Pg. 46

Welco Realty, Inc.............................................................Pgs. 54, 55

Retail Network, The................................................................. Pg. 99

Winick Realty Group LLC..............................................Pgs. IFC, 3, 5

Rivercrest Realty Investors....................................................... Pg. 73

WLS Lighting........................................................................... Pg. 92

Ronus Properties...................................................................... Pg. 15

Zelnik & Company LLC........................................................... Pg. 23

Royal Properties, Inc................................................................ Pg. 29

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December 11, 2009

The

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WE BUY FREESTANDING BUILDINGS All Shapes

KIN

Kin Properties

Retail, Industrial, Office

KIN

Privately Held Commercial Real Estate Company Owners of 850 Buildings with 30,000,000 SQFT In Business For Nearly 50 Years Cash Buyer; Can Close FAST

All Sizes

3,000 - 1,000,000+ sqft KIN

The Continental United States KIN

JEFFREY SANDELMAN

President (561) 620-9200 ext 101 a a

WHAT WE BUY

Freestanding, Single Tenant Buildings Credit or Non-Credit Tenants 3+ Years Of Term Left Below Market Rents

All Over

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WHO WE ARE

We Will Also Consider Fee (Subject To Ground Leases), Power Centers or Sale/Lease Back Portfolios

Visit us at the ICSC convention in New York Booth #397 (Hilton - Americas Hall 1) KEY CONTACTS FOR ACQUISITIONS:

ANDREW SCHREIER

LEE CHERNEY

Senior Vice President (561) 620-9200 ext 111

a

Executive Vice President (561) 620-9200 ext 103

185 NW Spanish River Blvd. Suite 100 Boca Raton Florida 33431 Phone: 561.620.9200 Fax 561.955.9921 www.kinproperties.com


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CRESCENT/NASSAU FLYER

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• Nassau County boasts a powerful consumer base of 1,200,000, and annual retail sales are estimated of over $8 billion

Owner/Manager Seven Penn Plaza, NY 10001 | feilorg.com Randy Briskin | rbriskin@feilorg.com 212 563 6557 x218

Nassau Mall

Visit us at 224 South Corridor at the ICSC NY Deal Making!

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