Dealmakers Magazine | December 12, 2014 by The Dealmakers Magazine

Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XLVI

December 12, 2014

FEATURING SUPERMARKET CHAINS EXPAND NATIONWIDE Fairway Market operates 15 locations throughout CT, northern NJ and NY. The supermarkets, featuring bakery, deli, produce, seafood and meat departments, as well as offering organic food products and a beer department, prefer to occupy spaces of 50,000 sq.ft. to 60,000 sq.ft. in regional or community shopping centers. Growth opportunities are sought throughout northern NJ during the coming 18 months, with representation by Welco Realty. Preferred cotenants include mid-sized or big box retailers such as Target and Bed Bath & Beyond. For more information, contact Jerry Welkis, Welco Realty, 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914576-7596; Email: jwelkis@welcorealty.com; Web sites: www.welcorealty.com and www.fairwaymarket.com. Aldi operates nearly 1,300 locations nationwide in 32 states. The supermarkets, offering discounted food products, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Long Island and New York, NY during the coming 18 months, with representation by Ripco Real Estate. For more information, contact Jeremy Isaacs, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516933-2514; Email: jisaacs@ripcony.com; Web sites: www.ripcony.com and www.aldi.com.

Weis operates more than 160 locations throughout MD, NJ, NY, PA and WV. The supermarkets occupy spaces of 57,000 sq.ft. to 63,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout metropolitan areas in MD, as well as in WV and Washington, DC during the coming 18 months, with representation by Next Realty Mid-Atlantic, LLC. For more information, contact Ray Schupp, Next Realty Mid-Atlantic, LLC, 1750 Old Meadow Road, Suite 250, McLean, VA 22102; 703-442-4500, 703-442-8818; Email: rschupp@nextrealty.com; Web site: www.nextrealty.com and www.weismarkets.com. Fresh Thyme Farmers Market operates 10 locations throughout IL, IN and OH. The supermarkets, offering deli, bakery, meat, produce and seafood departments, as well as offering bulk food items, occupy spaces of 26,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets, in addition to entering IA, KY, MI, MN, MO, NE, TN and WI during the coming 18 months. For more information, contact Justin Haasch, Fresh Thyme Farmers Market, 2222 West Pinnacle Peak Road, Suite 220, Phoenix, AZ 85027; 844218-8032; Email: jhaasch@freshthyme.com; Web site: www.freshthyme.com. (continued on page twenty-four)

THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 152,586 locations with plans to open 7,493 sites • Real estate valued in excess of $506 million to be bought, sold & financed • Leasing activity on over 11 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T IT R D

IMPO SE EXPE PLEA

ICSC NEW YORK CONFERENCE New Construction Royal Properties, Inc. preleasing redevelopment in NY........................ Pg. 4 Observations & Conversations.......... Pg. 6 Buyers and Sellers Nassimi Realty closes on two shopping centers in PA...................... Pg. 8 Who’s Opening and Where Nordstrom Rack takes two in NJ........ Pg. 10 State of the Industry.......................... Pg. 16 Food Chains Expand Café Rio to go national...................... Pg. 18 World of Beer to open 50 locations.... Pg. 36 Home-Related Chains HomeGoods continues growth in NJ

Pg. 26

Apparel Chains Expand Anthropologie plans to open 12 stores and Free People to open 13 locations Pg. 40 Lease Signings The Goldstein Group inks deal with Ethan Allen in NJ............................... Pg. 46 Lead Sheet Five Below projects 100 store openings............................................ Pg. 54 Orangetheory Fitness plans to open 120 locations..................................... Pg. 55 Sources of Financing Cronheim Mortgage places loan for lifestyle center in NJ.......................... Pg. 61 Envoy Net Lease Partners focused on net-lease lending............................... Pg. 61 Exclusives Zelnik & Co. reps Dos Toros Taqueria Pg. 64 The WAS Group takes on two outlet centers............................................... Pg. 64 Making the News Retail Brokers Network names western region director...................... Pg. 64 Space Place....................................... Pg. 70 ICSC NY Conference Floor Plan....... Pg. 74 Most Valuable Players....................... Pg. 96

SET UP AN APPOINTMENT TO LEARN MORE ABOUT OUR CURRENT RETAIL AVAILABILITIES IN NEW YORK, NEW JERSEY AND BEYOND CALL LOUIS EISINGER AT 212.792.2629 OR EMAIL louis@winick.com 655 Third Avenue, Floor 8 | New York, NY 10017 T. 212.792.2600 F. 212.792.2660 winick.com

• UP TO 54,000 SF OF NEW RETAIL SPACE • COMMANDING PRESENCE WITH 325 FT OF DUAL-CORNER FRONTAGE • 12,000 SF OF TURNKEY HIGH DEFINITION LED SIGNAGE • VISIBILITY FROM MACY’S HERALD SQUARE, BRYANT PARK AND THE TIMES SQUARE BOWTIE

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Winick Realty Group LLC - Licensed Real Estate Brokers 655 Third Avenue, 8th Floor • New York, NY 10017 • T. (212) 792.2600 • www.winick.com

ALTHOUGH ALL INFORMATION REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE SUCH INFORMATION HAS NOT BEEN VERIFIED, AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF, AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE.

NEW CONSTRUCTION CBRE | Fameco is preleasing a retail development located at the intersection of Route 202 and Route 1 in Concordville, PA. Wegmans will anchor the project. The company is also preleasing Cavaliers Country Club, a retail development located at the intersection of Route 1 and Interstate 95 in Christiana, DE. Anchor and junior anchor positions, as well as pad sites and inline spaces are available. The site is adjacent to the Christiana Mall. Area retailers include Ross Dress for Less, Nordstrom, Target, Macy’s, Party City, Staples, JoAnn Fabrics, Old Navy and buy buy Baby. Area demographics include a population of 136,547 within a five-mile radius. The average daily traffic count is 181,886 vehicles along Interstate 95. The company is also preleasing the redevelopment of Eden Square Shopping Center, located along Eden Circle in Bear, DE. A 64,855 sq.ft. Giant supermarket will anchor the center. Area retailers include Wawa, Wendy’s and dressbarn. Spaces from 1,600 sq.ft. to 102,478 sq.ft. are available. For more information regarding the sites in Concordville or Christiana, contact Jim Creed, CBRE | Fameco, 625 West Ridge Pike, Building A, Suite 100, Conshohocken, PA 19428; 610-834-8000; Email: jim.creed@cbre.com; Web site: www.cbre.com. For more information regarding the Bear property, contact John Kruase or Brian Bruzek; Emails: john.krause@cbre.com and brian.bruzek@cbre.com. Highland Management Associates, Inc. is preleasing Plainfield Ridge, a 43,998 sq.ft. development located at the intersection of 127th Street/Simons Road and Ridge Road in Plainfield, IL. Spaces from 4,425 sq.ft. to 14,500 sq.ft. are available. Area demographics include a population of 83,696 within a five-mile radius earning $113,201 as the average household income. The average daily traffic count is 10,866 vehicles along 127th Street. For more information, contact Charles Margosian or Charles Margosian, Jr., Highland Management Associates, Inc.; 630691-1122, Fax 630-691-8572; Web site: www.highlandmanagement.biz. Central Realty Holdings is developing Big Spring Square in Huntsville, AL. The mixeduse center is slated to open during 2016 and will feature 28,000 sq.ft. of retail and restaurant space, as well as a hospitality component and a 200-unit residential component. For more information, contact Central Realty Holdings, 400 East Stone Avenue, Greenville, SC 29601; 864-235-6317; Web site: www.crhsc.com. Page 4 | December 12, 2014

Royal Properties, Inc. is redeveloping Airmont Plaza, located along Route 59 at Exit 44B on the NY State Thruway in Airmont, NY. Anchor spaces from 20,000 sq.ft. to 41,000 sq.ft. are available, along with shop spaces of 1,000 sq.ft. to 14,000 sq.ft., as well as an endcap with a drive-thru. Area retailers include Walmart, Chase Bank, Shop Rite, GameStop, CitiBank, Dunkin’ Donuts, Walgreens, Applebee’s and Starbucks. Area demographics include a population of 177,771 within a five-mile radius earning $109,813 as the average household income. The site has an average daily traffic count of 62,646 vehicles. The company is also preleasing a three-acre development located along Route 59 in Airmont, NY. Pad sites are available for ground lease. Area retailers include Walmart, Shop Rite, Dunkin’ Donuts, Walgreens, Applebee’s, Starbucks, Subway, GameStop, Wendy’s, People’s United Bank and Chase Bank. For more information, contact Jeanine Kemm or David Landes, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403 Ext. 111/104; Emails: jeanine@royalpropertiesinc.com and david@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com.

The Barber Cos. is redeveloping Village at Moody, a retail center located at the intersection of Interstate 20 and U.S. 411 in Birmingham, AL. Plans will include a 45,600 sq.ft. Publix supermarket, which will anchor the site. The opening is slated for November 2015. For more information, contact The Barber Cos., 27 Inverness Center Parkway, Birmingham, AL 35242; 205995-9119, Fax 205-795-4736; Web site: www.barbercompanies.com.

Olshan Properties is preleasing the expansion of Siegen Lane Marketplace, a 927,000 sq.ft. mixed-use project located at the intersection of Interstate 10 and Siegen Lane in Baton Rouge, LA. Cotenants include Walmart Supercenter, Kohl’s, Lowe’s Home Improvement, Sam’s Club, PetSmart, T.J. Maxx, Bed Bath & Beyond, Toys ”R” Us/ Babies “R” Us, Bed Bath & Beyond and Cost Plus World Market. Area demographics include a population of 150,561 within a five-mile radius earning $89,018 as the average household income. The average daily traffic count is 103,000 vehicles along Siegen Lane. For more information, contact Olshan Properties, 600 Madison Avenue, 14th Floor, New York, NY 10022; 212-935-1330; Email: leasing@olshanproperties.com Web site: www.olshanproperties.com.

Account Executive Connie Giordano • connie@dealmakers.net

M&R Development is planning to develop Addison Park on Clark, a mixed-use project located at the intersection of Clark and Addison in Lakeview, IL. The project will feature a 170,000 sq.ft. retail component and an eight-story mixed-use building with 148 residential units. Ground breaking is slated for next year. For more information, contact M&R Development, 555 Pierce Road, Suite 180, Itasca, IL 60143; 847-397-7171, Fax 847397-8597; Email: info@mandrdevelopment.com.

(continued on page thirty-eight)

President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Account Executive Nicole Papa • nicole@dealmakers.net

Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007

The DealmakersTM (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 $344 per year U.S., foreign $419 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 DealmakersTM 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 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2014 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.

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OBSERVATIONS AND CONVERSATIONS He’s an old-school landlord and measures a shopping center’s success by how many cash registers are in the stores. Ann O’Neal

Welcome to The Dealmakers’ special edition for the ICSC National Conference in New York City! In my last column, I mentioned that the Retail Runway will start at 4:30 on the 8th; well it’s now at 3:00 p.m. The powers that be bumped it up for the “Titans” panel – so please join us at 3:00 p.m. on the first day of the convention. The lineup for the Retail Runway is Acustom Apparel, Aldi, Anthropolgie, Camille Albane, Dessange, Dots, Fantastic Sam’s, Free People, Hobby Lobby, Lorna Jane, Orangetheory Fitness, Simply Fashion, Urban Outfitters, Vanilla Sky and World of Beer. I know 3:00 is a prime time for meetings, but this year’s All Star cast is worth peeling yourself away from the convention floor for 45 minutes or so. As cochair of this event, I promise you will hear about some great chains looking for growth opportunities. On the topic of good leads, this issue of The Dealmakers is filled page to page with tons of potential deals. Also in this issue is our State of the Industry Report, and it is a must read to get a handle on what’s going on nationwide, with a focus on the Northeast. The industry experts that were interviewed didn’t hold back. It’s a long read, but I’m certain you will glean some insight that you didn’t have or fortify your own opinions. The report touches on new retail concepts, trends in the industry, lease negotiations and forecasts on new development, along with addressing acquisition and financing issues. It will give you a good idea of what 2015 will look like from a retail real estate perspective. (I won’t spoil it for you, but while I was reading pages and pages of our editors’ notes from the interviews, a song got stuck in my head. Being a child of the 70’s and influenced by punk rock, every time I read about retailers and TI requests, Billy Idol screaming “With a rebel yell, [they] cried- "more, more, more!" rattled in my brain). Also in the issue, for your convenience, on pages 74 and 75, there is a floor plan of the convention center with our advertisers’ booths highlighted to make it easier for you to navigate the new venue. (Make sure to stop by our advertisers’ booths). The move to Javits will be painful logistically and to my wallet. We have a new booth for the show, so come check it out. We’ll have three iPads running with demos of online databases of expanding retail and restaurant chains, plus we can show you how to read The Dealmakers online or with your mobile device. The online databases are essential for any leasing agent. TenantSearch.com has 5,500 plus chains with all the contact info, live email addresses for instant site submissions, site criteria, demo requirements, preferred type of real estate and cotenants, in addition to states targeted for expansion and the states in which they already have a presence. You can search based on the size of vacancy, use and states of expansion or operations and look up by contact or trade names. Plus you can export searches for your sites with all the contact info. The national online edition runs $549 for one year and a regional edition is $449; they’re not cheap, but they are far less expensive than any of my competition. I also recently launched FoodTenants.com with the same data for the top 1,000 fastest growing restaurant and food concepts, in addition to FreestandingTenants.com with 2,000 plus chains looking for freestanding locations. Access to these two online directories is $189 each annually. These products will help you lease your space; the databases represent in Page 6 | December 12, 2014

depth research by our editors and decades of my contacts from leasing shopping centers that I’ll gladly share with you for a small fee! Also, if you don’t already subscribe to The Dealmakers, you can sign up online at dealmakers.net or use the order form on page 98 of this issue for a print or electronic subscription. It’s all about getting the deals done, and generating leads for the next round. Like you, I’ll be looking for new business at the show. The good news with consulting is that I don’t get tied down to one project too long, but the bad news is that I’m always looking for the next gig. Right now, I’m working for a landlord of a shopping center with one of the worst tenant mixes I’ve ever seen. He bought it at a decent price considering anything acquired in the past six months was purchased at close to top dollar. Its saving grace and its bane of existence is the fact that it has more than ample small shops in the 1,500 to 3,000 sq.ft. range. Historically, the center has endured a high turnover with most tenants lasting no more than three years. However, the spaces were usually released quickly to whatever use stepped up to sign a lease first for “as is” space. Because the parking fields are deep and visibility is not so good, I’m pursuing medical and service tenants for the least visible locations within the center. So far, the tenants that are negotiating on the location have excellent credit, but for the most part, they need tons of build-out money to retrofit the space. Fortunately, these tenants have the cash flow to pay for the construction in exchange for below market rent during the first three years. My landlord is good with that, because he doesn’t have the cash or access to a lender to cover the construction costs for the retrofit. It took some fierce debates on bringing medical uses into the mix. He’s an old-school landlord and measures a shopping center’s success by how many cash registers are in the stores. I showed him fifty shopping centers with a combination of traditional retail and medical in order to convince him that if he leased to non-retail tenants that his center would not lose its value. Now, he expects his cash flow to increase considerably within the next few years and he won’t incur any debt. He’s got a win-win situation. I have to wrap it up. Drop by and say hello to us at booth #764 and don’t forget to come to the Retail Runway at 3:00 p.m. to hear from 14 retail concepts looking for sites. I hope you have a great convention and it goes as smoothly as possible. My favorite thing about the New York show is seeing tons of friends during the show and at the after parties; if I don’t get to see you in the city, Happy Holidays and a very Happy New Year! Here’s to making more deals,

Ann O’Neal, Publisher

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488 MADISON AVENUE NEW YORK, NY

51st to 52nd Street Prestigious Retail Locations Available!

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BUYERS AND SELLERS Paramount Commercial, LLC is selling a divisible 2,800 sq.ft. retail space along Montgomery Avenue in Narberth, PA. Area retailers include Staples, PNC Bank, Wawa, Royal Bank, Acme, Manhattan Bagel and Dairy Queen. Area demographics include a population of 509,822 within a five-mile radius earning $74,286 as the average household income. The average daily traffic count is 33,600 vehicles along Montgomery Avenue. For more information, contact Jay Gordon, Paramount Commercial, LLC, 50 B Greenfield Avenue, Suite 201, Ardmore, PA 19003; 610-888-8820; Email: jgordan711@gmail.com. Nassimi Realty, LLC recently acquired Weis Plaza, a 115,000 sq.ft. neighborhood shopping center located along Kutztown Road in Kutztown, PA. Weis supermarket and Dollar General anchor the site. The company also recently acquired Airport Village, a 70,000 sq.ft. shopping center located along Airport Road in Coatesville, PA. Bottom Dollar and Rite Aid anchor the site. For more information, contact Nassimi Realty, LLC, Seven Penn Plaza, 370 Seventh Avenue, Suite 1700, New York, NY 10001; 610-687-0807; Web site: www.nassimirealty.com. EMF Realty is seeking to acquire retail and mixed-use properties for future development located throughout the Washington, DC and Baltimore, MD corridors. Suitable properties are priced between $8 million and $38 million. For more information, contact Edward Mark Feldman, EMF Realty; Email: emfrealty@aol.com.

Devonshire REIT, Inc. recently acquired the following shopping centers: Maple Hill Mall, a 283,551 sq.ft. open-air power center anchored by Hobby Lobby and Value City Furniture in Kalamazoo, MI; Alpine Summit Shopping Center, a 136,942 sq.ft. community center anchored by Ulta and Cato in Grand Rapids, MI and Northwest Crossings Shopping Center, a 124,453 sq.ft. community center anchored by Ross Dress for Less and hhgregg in Knoxville, TN. The REIT acquired the properties for $69.75 million. For more information, contact Todd Latham, Devonshire REIT, Inc.; 817-4855700; Web site: www.devreit.com. Jeffery Realty recently negotiated the sale of a 6,124 sq.ft. retail strip center situated on 1.34 acres, along Route 34 in Colts Neck, NJ. The center was sold for $1.215 million and the company represented the buyer and the seller in the transaction. For more information, contact Alan Walker, Jeffery Realty, 116 Route 22 North, Plainfield, NJ 07060; 908-668-9600; Email: awalker@jefferyrealty.com. Cohen Real Estate is selling Pinecrest Town Center, a 93,292 sq.ft. center located along South Dixie Highway in Pinecrest, FL. The property is 87.4% occupied and tenants include Chase Bank. For more information, contact Helen Putterman, Cohen Real Estate; 212-8035776; Email: putterman@cohenco.com. ARC Property Trust recently acquired a freestanding Stop & Shop in Warwick, RI. For more information, contact Steve Maloy or Rob Martone, ARC Property Trust; Emails: stevem@arcproperties.com and rmartone@arcproperties.com.

Nassimi Realty recently acquired Weis Plaza, a 115,000 sq.ft. neighborhood shopping center in Kutztown, PA. Page 8 | December 12, 2014

New England Retail Properties, Inc. is selling a 34,680 sq.ft. freestanding building situated on 4.13 acres along Spencer Street in Manchester, CT. Area retailers include ShopRite, PepBoys, Ocean State Job Lot, Subway, Dunkin’ Donuts, Wendy’s and Starbucks. Area demographics include a population of 285,524 within a sevenmile radius earning $70,534 as the average household income. For more information, contact Matt Halprin, New England Retail Properties, Inc., 150 Hartford Avenue, Wethersfield, CT 06109; 860-529-9000, Fax 860-563-9667; Email: halprinm@newenglandretail.com; Web site: www.newenglandretail.com. Hutensky Capital Partners is a discretionary real estate fund seeking value-oriented, opportunistic retail properties. Its acquisition criteria entails value-added/turnaround opportunities with a $15 million minimum investment, GLAs of at least 75,000 sq.ft. for neighborhood, community and specialty retail centers with a focus on supermarket or big-box anchors. For more information contact Veronique V. Longo, Hutensky Capital Partners, 100 Constitution Plaza, Seventh Floor, Hartford, CT 06103-1703; 860-527-2222. NAI Long Island recently negotiated the sale of a three-acre parcel to QuickChek, a chain of convenience stores, located along Middle Country Road in Lake Grove, NY. For more information, contact Lauren Holland, NAI Long Island, 3 Huntington Quadrangle, Suite 307N, Melville, NY 11747; 631-270-3040; Web site: lholland@nailongisland.com. Lee & Associates is selling a Sam’s Club and Hardee’s in Crestwood, MO. Area demographics include a population of 77,000 within a three-mile radius earning $102,000 as the average household income. The asking price is $26 million with a Cap rate of 6.08%. The company is also selling a Kohl’s department store in Round Lake Beach, IL. Area retailers include Home Depot, Hobby Lobby, Office Max, Walgreens, Big Kmart, Regal Cinemas, Famous Footwear, Wendy’s, Panera Bread, Chili’s and Applebee’s. Area demographics include a population of 141,000 within a fivemile radius earning $88,000 as the average household income. The average daily traffic count is 28,000 vehicles along East Rollins Road. The asking price is $13.105 million with a Cap rate of 5.6%. For more information, contact Lee & Associates, 1900 Wright Place, Suite 200, Carlsbad, CA 92009, 760-929-9700; Web site: www.nnninvestmentgroup.com. (continued on page twenty-two)

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Excellent Visibility at a High-Traffic Suffolk County Intersection. NE FAÇAW DE

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Visit Us at Booth 102 at the ICSC NY National Conference.

WHO’S OPENING AND WHERE Nordstrom, Inc. (206-628-2111) is planning to open a 35,520 sq.ft. Nordstrom Rack store at the site of a former Macy’s Furniture Gallery in The Crossroads at Eatontown, located along Route 35 near Route 36 in Eatontown, NJ during fall 2015. It will be the company’s fifth location in the state, with the fourth store slated to open at Mercer Mall in Lawrence, NJ during spring 2015. The chain offers apparel, footwear and accessories for men and women, and currently operates more than 280 locations nationwide throughout 40 states, trading as Nordstrom at 118 locations, Nordstrom Rack at 167 locations, Jeffrey boutique at two locations and one clearance outlet. Target Corp. (612-304-6073) is planning to open a 125,000 sq.ft. CityTarget at the CityPoint development in Brooklyn, NY during 2016. The company is also opening five TargetExpress stores throughout CA and St. Paul, MN during the coming 12 months. The chain, offering apparel, toys, housewares, pet supplies and electronics, currently operates more than 1,800 locations nationwide. Newk’s Eatery (601-982-1160) is planning to open four fast-casual restaurants throughout LA during 2015, as part of a franchised expansion plan to operate 200 locations by the end of 2018. The chain, offering salad, pizza, soups and dessert items, currently operates 70 locations throughout 13 states. Chick-fil-A, Inc. (404-765-8000) is planning to open 20 Chick-fil-A restaurants throughout the Puget Sound region of WA by 2020. The company currently operates more than 1,850 locations throughout 41 states nationwide.

BP International Right Holdings, Inc. (972484-9022) is planning to open Boston’s The Gourmet Pizza Restaurant and Sports Bar locations in Syracuse and upstate, NY. Additional franchised locations are slated to open in Albany, Buffalo and Rochester during 2015 and 2016. The company currently operates 370 restaurants throughout Canada, seven in Mexico and 30 in the U.S. and also operates under the trade-name Boston’s Pizza. Dick’s Sporting Goods, Inc. (724-273-3400) is planning to open a 50,000 sq.ft. Dick’s Sporting Goods, store at the site of a former Kmart, along Erie Boulevard in DeWitt, NY during summer 2015. The chain, offering hunting, fishing, camping, hiking, boating and other outdoor-related equipment, apparel and gear, currently operates more than 558 Dick’s Sporting Goods stores and more than 87 Golf Galaxy locations nationwide, in addition to its newest concept Field and Stream. Jamba, Inc. (510-596-0100) is planning to open 500 domestic Jamba Juice locations during the coming five years. The company currently operates 862 juice bars worldwide, including 272 company-owned locations, 535 domestic franchised locations in the U.S. and 55 international franchise locations, in addition to 1,900 self-serve JambaGO units. Tim Hortons, Inc. (888-601-1616), through a franchisee, is opening 10 Tim Hortons restaurants throughout NJ during the coming five years. Current franchised development agreements are slated for St. Louis and Youngstown, OH; Ft. Wayne, IN and Fargo, ND over the next five to 10 years.

Whole Foods Market, Inc. (512-4774455) is planning to open a 50,000 sq.ft. Whole Foods Market supermarket at Santa Clara Square Marketplace, a 125,000 sq.ft. retail development located at the intersection of Highway 101 and Bowers Avenue in Santa Clara, CA during 2016. It will be the company’s sixth location in the Silicon Valley region. The company is also planning to open a Whole Foods Market at the Shoppes at Belmont in Lancaster, PA during fall 2017. The chain, offering organic and natural food items, currently operates more than 399 specialty supermarkets nationwide, and in Canada and the United Kingdom and plans to eventually operate 1,200 locations worldwide. Focus Brands, Inc. (404-257-7040), through franchise expansion, is planning to open five McAlister’s Deli locations throughout the Austin, TX market during the next several years, with the first restaurant slated to open during 2015. The company currently operates at more than 400 locations under the trade names Carvel, Cinnabon, Schlotzsky’s, Moe’s Southwest Grill, Auntie Anne’s and Seattle’s Best Coffee. Aldi, Inc. (630-879-8100) is planning to open a 17,800 sq.ft. Aldi supermarket along South Green Bay Road in Neenah, WI during late 2015. The company is also opening a grocery store off Commerce Street in Brownwood, TX during spring 2015. The company currently operates more than 1,300 grocery stores throughout 32 states in the Midwest and east coast regions of the U.S., including 65 stores throughout WI. Polaroid Fotobar (800-953-0025) recently opened seven new concept stores throughout select Westfield Malls in CA, including Los Angeles, San Francisco, Sacramento and San Jose. The company utilizes spaces of 300 sq.ft. and turns pictures from smartphones into photographs. Brass Tap (813-226-2333), through a franchised expansion plan, is opening the first of 10 units within its development agreement in Estero and Jensen Beach, FL. The chain offers live weekend entertainment and a full service bar and currently operates 25 locations throughout AZ, FL, IL, OH, TX and WI.

Target Corp. is planning to open a 125,000 sq.ft. CityTarget at the CityPoint development in Brooklyn, NY during 2016. Page 10 | December 12, 2014

Cups Frozen Yogurt (972-672-9159), through a franchisee, is opening frozen yogurt shops throughout CA, FL, NY and TX. The company currently operates 23 locations throughout CA, FL, NJ, NY and VA. (continued on page fourteen)

Dealmakers Magazine | www.dealmakers.net

HOME DEPOT SHOPPING CENTER ELMONT, NY

Join Home Depot in a Dynamic Nassau County Location.

Pad Site

2,400 SF

• Situated in a most affluent, upscale Long Island community

High-Traffic Nassau County Location Directly on Hempstead Turnpike (Route 24) with Optimal Visibility

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

GLA: 269,490 SF

• Near Belmont Park Racetrack and Adelphi University

• Ideally located on Hempstead Turnpike just off the Cross Island Parkway

TENANTS

Pad Site Available with Drive-Thru Access

600 Hempstead Turnpike Elmont, NY 11003

7 Penn Plaza, NY, NY 10001 :: 212.563.6557 Randall Briskin x218 :: rbriskin@feilorg.com NOTHING BEATS 60 YEARS OF STABILITY.

feilorg.com

Visit Us at Booth 102 at the ICSC NY National Conference.

FOOD CHAINS EXPAND NATIONWIDE Applebee’s operates more than 2,000 locations nationwide and internationally. The casual dining restaurants occupy spaces of 6,000 sq.ft. to 6,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by The Goldstein Group. For more information, contact Jessica Vergottini, The Goldstein Group, 45 Eisenhower Drive, Suite 500, Paramus, NJ 07652; 201-703-9700 Ext. 124, Fax 201-7039678; Email: jvergottini@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. Yum Brands! Inc. trades as Pizza Hut at more than 14,000 locations nationwide and internationally. The pizzerias prefer to occupy 1,000 sq.ft. to 2,500 sq.ft. inline spaces and endcaps of shopping centers, as well as freestanding locations. Growth opportunities are sought throughout CT, MA, MD, ME, NH, NJ, upstate NY, western PA, RI, VA and VT during the coming 18 months. For more information, contact Jess Hepler, Yum Brands! Inc., 497 Hooksett Road, Suite 2-174, Manchester, NH 03104; 603-6240990; Email: jess.hepler@yum.com; Web site: www.yumbrands.com. Togo’s operates more than 250 locations throughout AZ, CA and OR. The sandwich shops occupy 1,200 sq.ft. to 1,800 sq.ft. storefronts. Growth opportunities are sought throughout AZ, CA, CO, ID, NV, OR, UT and WA during the coming 18 months. Preferred demographics include a trade-area population of 85,000 earning $81,000 as the average household income. For more information, contact Zina Hyman, Togo’s; 818-585-9885, Fax 818735-7849; Email: zina.hyman@togos.com.

Sonic Drive-In operates more than 3,500 locations nationwide. The restaurants prefer to occupy spaces of 3,500 sq.ft. in freestanding locations or pad sites. Growth opportunities are sought throughout southeastern and south central PA, as well as southern NJ, during the coming 18 months, with representation by Kahn & Co. A land area of 0.75 acres is required. For more information, contact Jim Kahn, Kahn & Co., 580 Virginia Drive, Suite 100, Ft. Washington, PA 19034; 215-654-0500, Fax 215-654-7557; Email: jimkahn@kahnandco.com; Web site: www.kahnandco.com. Ocean Prime operates 12 locations nationwide. The restaurants occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in freestanding locations, strip and power centers, as well as urban areas. Growth opportunities are sought throughout Broward and Miami, FL during the coming 18 months, with representation by Katz & Associates. For more information, contact Paige Eber, Katz & Associates, 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-8694341; Email: peber@katz.com. Runza Restaurants trades as Runza at more than 80 locations throughout CO, IA, KS and NE. The restaurants occupy spaces of 2,500 sq.ft. to 3,600 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout CO, IA, KS, MO, NE and eastern WY during the coming 18 months. For more information, contact Jon Wurst, Runza Restaurants, 5931 South 58th Street, Suite D, Lincoln, NE 68516; 402-423-2394; Email: jwurst@runzanational.com; Web site: www.runza.com.

House of Cupcakes operates four locations in NJ. The chain of cupcake shops prefers to occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip and regional centers, as well as urban/ downtown areas. Growth opportunities are sought throughout NJ and NY during the coming 18 months, with representation by Welco Realty. Preferred cotenants include Whole Foods, Fairway, Target, Bed Bath & Beyond, T.J. Maxx and Nordstrom Rack. Zoup! operates more than 60 locations throughout CO, DE, IA, IL, IN, KY, MI, MO, NE, NY, OH, PA, SD, VA and Washington, DC, as well as in Canada. The restaurants, offering soups, salads and sandwiches, occupy spaces of 1,800 sq.ft. to 2,200 sq.ft. in power, strip and neighborhood centers, as well as urban/downtown areas. Growth opportunities are sought throughout CT, NJ and the metropolitan New York, NY market during the coming 18 months, with representation by Welco Realty. Patsy’s Pizzeria operates two locations in Manhattan, NY. The pizzerias prefer to occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in endcaps and pad sites of shopping centers, as well as freestanding locations or upscale enclosed malls. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Welco Realty. Manhattan Bagel operates more than 70 locations nationwide. The bagel shops occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in pad sites of shopping centers or freestanding locations. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Welco Realty. The company prefers sites anchored by supermarkets. For more information, contact Jerry Welkis, Welco Realty, 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914-576-7596; Email: jwelkis@welcorealty.com; Web site: www.welcorealty.com. Fuzziwig’s Candy Factory, Inc. trades as Fuzzwig’s Candy Factory and Sweets from Heaven at 56 locations nationwide and internationally. The candy shops prefer to occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in lifestyle and specialty centers, as well as regional malls and street-fronts. Plans call for 10 openings nationwide during the coming 18 months. Typical leases run five years with a five-year option. A vanilla shell is required. The company is franchising. For more information, contact Kayo Folsom, Fuzziwig’s Candy Factory, Inc., 656 Main Avenue, Durango, CO 81301; 970-247-2770, Fax 970-247-2735; Email: info@fuzziwigscandyfactory.com; Web site: www.fuzziwigscandyfactory.com.

Applebee’s is seeking growth opportunities throughout NJ during the coming 18 months. Page 12 | December 12, 2014

(continued on page eighteen)

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270 MONTAUK HIGHWAY SAYVILLE, NY

5060 SUNRISE HIGHWAY MASSAPEQUA PARK, NY

Highly Visible, Affluent Long Island Locations Retail Store Space.

SUFFOLK COUNTY

270 Montauk Highway Sayville, NY 11758

2,150 SF – 11,532 SF

GLA: 17,583 SF

NASSAU COUNTY

2,700 SF Plus Full Basement Available 39’ Frontage

Available | Up to 95’ Frontage

• Directly on Montauk Highway (West Main Street) near Sayville High School and Sunrise Highway • Ample on-site parking available • Walking distance to LIRR Sayville train station • Average HH income over $112,000 (1-mile radius)

5060 Sunrise Highway Massapequa Park, NY 11758 GLA: 10,094 SF

• Half mile to Sunrise Mall and Sunrise Promenade • On-site and street parking available • Nearby retailers include Walmart, Kohl’s, Petco, Pier 1 Imports, T.J. Maxx, Babies“R”Us, Toys“R”Us, and Starbucks • Three blocks from LIRR Massapequa Park station and bus services N54-55, N80, N81

TENANTS

• Average HH income over $112,000 (1-mile radius)

7 Penn Plaza, NY, NY 10001 :: 212.563.6557 Nicholas Forelli x275 :: nforelli@feilorg.com NOTHING BEATS 60 YEARS OF STABILITY.

feilorg.com

Visit Us at Booth 102 at the ICSC NY National Conference.

WHO’S OPENING AND WHERE (continued from page ten)

Hennes & Mauritz AB (212-564-9922) is planning to open a 24,000 sq.ft. H&M store at Southland Mall in Taylor, MI during fall 2015. It will be the company’s 10th location in the state. The chain is also opening a store at Macomb Mall in Roseville, MI during fall 2015. The company, offering men’s, women’s and children’s apparel, as well as accessories, currently operates more than 3,000 locations worldwide. Delhaize America Co. (800-210-9569) is planning to open a 35,000 sq.ft. Food Lion grocery store at Long Beach Crossing, a retail development located along Long Beach Road in Southport, NC during November 2015. The company currently operates more than 1,500 locations along the eastern coast of the U.S., trading as Food Lion, Hannaford Supermarkets, Reid’s and Sweetbay Supermarket. The Melting Pot Restaurants, Inc. (800783-0867), through a franchise expansion, is planning to open Burger 21 restaurants in the Rosemont area of Chicagoland, IL during fall 2015, as well as a location in Austin, TX during summer 2015. The company currently operates 13 locations trading as Burger 21 throughout 10 states and also operates under the trade-name The Melting Pot at 135 locations nationwide. Christian Bros. Automotive (678-792-0070) is planning to open two automotive centers in Wichita, KS during 2015, including a 5,000 sq.ft. location in a former McDonald’s south of 13th Street in the eastern North Woodlawn section of the city. The company currently operates 133 automotive supply stores throughout 18 states nationwide. The Container Store, Inc. (888-266-8246) is planning to open a Container Store location at a retail development located at the intersection of Old Milton Parkway and GA 400 in Avalon, GA during 2015. The chain, offering storage and organizational products, currently operates more than 65 locations nationwide. Hoffman’s Chocolate (888-281-8800) is planning to open a chocolate shop at Fountains Shopping Center in Plantation, FL during 2015. The chain operates six stores in FL and projects additional openings in the state. Blast 825 Pizza (559-432-0399) is planning to open franchised locations throughout AZ, CA, NV and TX. The chain operates two locations in CA, with four more slated to open during spring 2015. Page 14 | December 12, 2014

Calvert Retail (800-458-26160) is planning to open a 19,000 sq.ft. Kitchen & Co. specialty superstore at Bowman Place, a 125,000 sq.ft. shopping center located near the intersection of Johnnie Dodds Boulevard and Interstate 526 in Mount Pleasant, SC during fall 2015. The company will join Nordstrom Rack and Dick’s Sporting Goods at the shopping center. Trader Joe’s (626-599-3700) is planning to open a 12,100 sq.ft. supermarket at Franklin Park Mall, located along North Division Street in Spokane, WA during 2015. The chain, offering more than 3,000 items under its private label, currently operates more than 400 specialty grocery stores throughout 40 states nationwide. Lululemon Athletica, Inc. (604-732-6124) is planning to open a 3,100 sq.ft. Lululemon Athletica store at Fig Garden Village, located along West Shaw Avenue in Fresno, CA during summer 2015. The company, offering yoga-inspired athletic apparel and accessories for men and women, currently operates more than 250 locations nationwide. Publix Super Markets, Inc. (863-680-5371) is planning to open a 49,000 sq.ft. Publix at Prosperity Village Square, a 100,000 sq.ft. mixed-use development located along Interstate 485 in Charlotte, NC during 2016. The chain currently operates more than 1,080 supermarkets throughout AL, FL, GA, SC and TN. ShowBiz Cinemas (214-751-8180) is opening an entertainment concept at Thedford Crossing, a development situated on 550 acres and located off U.S. Highway 69 North in Lindale, TX during late 2016. The 60,000 sq.ft. facility will feature 10 movie screens and 14 bowling lanes. The company currently operates 42 locations throughout the state. CPO Kids & Gadgets, LLC (844-276-5437) recently opened its first retail concept store at Westfield Center in Palm Desert, CA. The store offers educational games, gift items and apparel for infants, toddlers and children. The concept is backed by a founder of Virgin American Airlines. Fitness 19 (215-881-9919) is planning to open a 9,000 sq.ft. fitness facility at Green Tree Road Shopping Center in Pittsburgh, PA during 2015. The company will join Panera Bread at the shopping center. The company is also slated to open a minimum of six franchised locations throughout western PA.

Meijer, Inc. (952-828-4000) is planning to open Meijer supermarkets in Wauwatosa, Oak Creek, Grafton and Kenosha, WI during 2015. The stores will be the company’s entrance into the state. The company currently operates more than 200 grocery stores throughout IL, IN, KY, MI and OH. Burlington Stores, Inc. (609-387-7800) is planning to open a 55,000 sq.ft. Burlington store at the intersection of State Highway 8 and Crenshaw Road in Pasadena, TX during fall 2015. The company offers family apparel, accessories and footwear. Brix Holdings, LLC (214-302-5910), through franchise expansion, is planning to open seven Smoothie King juice bars throughout AZ. The company, offering smoothies, energy bars, snack items and vitamin supplements, currently operates more than 690 locations nationwide, as well as internationally. Dunkin’ Brands (781-737-3000), through franchisee GADI, LLC, is planning to open seven Dunkin’ Donuts locations in Louisville, KY during 2016. The company, serving coffee, donuts and breakfast sandwiches, operates more than 11,000 locations throughout 33 countries. Tractor Supply Co. (615-366-4600) is planning to open a store along 12th Avenue, south of Highway 198, in Hanford, CA during May 2015. The company offers apparel and footwear, lawn and garden equipment and agricultural supplies. Supremo Food Market (215-457-1171) is planning to open a 25,000 sq.ft. grocery store along Seventh Street in Allentown, PA during 2015. The venue will cater to Hispanic customers. The company operates 13 locations throughout NJ and PA. The Kroger Co. (513-762-4000) is planning to open a 125,000 sq.ft. King Soopers Marketplace situated on 20-acres at the intersection of Colorado 7 and Sheridan Boulevard in Erie, CO. Hy-Vee, Inc. (515-267-2800) is planning to open a 35,000 sq.ft. Hy-Vee supermarket located along Court Avenue in Des Moines, IA during spring 2016. Plans also include 80 apartment units to be built above the grocery store. Sprouts Farmers Market (480-814-8016) is planning to open a 28,000 sq.ft. supermarket along Lakeview Plaza in Rowlett, TX during spring 2016. The company currently more than operates 180 specialty grocery stores throughout 10 states. DM Dealmakers Magazine | www.dealmakers.net

Fulfilling Tenants’ Dreams Since 1933. For over 80 years, Milbrook Properties has provided new generations of retailers a foundation to dream. Through hard work and continued growth, these aspirations have become a reality. We are actively seeking to add new retail tenants and acquisitions to our existing portfolio. RETAIL AVAILABILITIES FLORIDA Flamingo Market Place | Pembroke Pines Bravo, 21st Century Oncology, Social Security 1200 SF – 4641 SF

NEW JERSEY Aviation Marketplace | Linden Target, Home Depot, ShopRite, AMC Theatres Edison Plaza | Edison ShopRite, Party Fair, Capital One Bank

FMS Corners | Pembroke Pines Subway, Asian Buffet

Princeton Meadows | Plainsboro Asian Food Market, Subway 2000 SF

Hollywood Palms | Hollywood Publix, Walgreens, Dade Medical 1550 SF – 2227 SF

Royal Plaza | East Windsor City Streets Café, Citi Financial, Allstate 1850 SF

Shoppes at Margate | Margate Dollar Tree, Advance America, Carnival Supermarket 1500 SF – 7500 SF+

NEW YORK

Shoppes at Pembroke | Pembroke Pines Michaels, Weight Watchers, Allstate 1300 SF – 7800 SF

Adams Commerce Plaza | Hauppauge Dunkin’ Donuts, The Grill Room, Blimpie 1200 SF Baldwin Square | Baldwin Best Buy, Applebee’s, CVS 14,500 SF

Bay Shore Commons | Bay Shore Stop & Shop, Rent-A-Center, Retro Fitness 1450 SF

Lake Shore Plaza | Lake Ronkonkoma Chase Bank, Pet Supplies Plus, Wells Fargo 1124 SF – 47,500 SF Supermarket Anchor

Bethpage Commons | Bethpage DMV, ProHealth Assoc., Dunkin’ Donuts, Wells Fargo HM 4800 – 11,000 SF Divisible

Nanuet Mall South | Nanuet Shadow-anchored by the new Shops at Nanuet, Jenny Craig, Quest 1800 SF – 24,000 SF

Bi-County Commons | East Farmingdale Giunta’s Meat Farms, Retro Fitness, BFCU

NY Avenue Stores | Huntington Station AutoZone, Carvel, Pharmacy

Bohemia Commons | Bohemia Giunta’s Meat Farms, AutoZone, CVS, Pets Warehouse

Spring Valley Marketplace | Spring Valley Michaels, Bed Bath & Beyond, Christmas Tree Shops 1714 SF – 2493 SF

Cherry Valley Corners | West Hempstead Pet Supplies Plus, Payless Shoes, GameStop, Euro Wax Center 2160 SF Huntington Crossroads | Huntington Station H&R Block, Domino’s Pizza, Pollo Compare Kenmor Plaza | Seaford Gino’s Pizzeria, Liquor, Antiques 4200 SF

Main Street of Nyack | Nyack Anchor/Redevelopment Subway, H&R Block 1339 SF – 10,380 SF Waverly Corners | Holtsville Dunkin’ Donuts, Deli, Tanning, Pizza 900 SF – 1800 SF NYC | Various opportunities in all boroughs

Visit us at Booth 953 at the ICSC NY National Conference Charles Hirsch Pascal Spagna

| |

chirsch@milbrookproperties.com pspagna@milbrookproperties.com

Tom LiPuma Rubin Pikus

| |

42 Bayview Avenue | Manhasset, NY 11030 | T 516.869.1240 F 516.869.8576 |

tjlipuma@milbrookproperties.com rpikus@milbrookproperties.com

www.milbrookproperties.com

Welcome to The Dealmakers’ State of the Industry Report. Industry experts were asked about their observations of trends, new retail concepts, growth-oriented chains and changes in lease negotiations. It also addresses the climate for acquisitions, interest rates and Cap rates for retail assets in today’s market. Retailers opening stores drives the retail real estate industry and we are at full throttle. New retail concepts and aggressively expanding chains set the tone for declining vacancy rates, stable to increasing market rents and a pipeline of future development well underway. Based on a national consensus of retailers, landlords and brokers, growth from retailers is expected to thrive through the next few years. Nationwide, the consensus is that most of the growth is with new concepts carrying hard lines, service tenants and fast-casual dining restaurants. Growth from national and regional chains is also in go-mode, however many of these chains are challenged with downsizing sales floors while continuing to carry a full-line of merchandise. Darrell Rubens, executive vice president of Winick Realty, a retail brokerage firm serving the New York and New Jersey markets, stated, “Lowe’s Home Improvement recently announced the opening of its first stores in New York and scaled down its footprint to meet the needs of the market.” Rubens explained, “I was part of the team that represented the landlord in the lease of a Lowe’s along Broadway in New York, and a second store at the intersection of Sixth Avenue and 19th Street in Chelsea. Another tenant that I’ve seen growing in the market is Choza Taqueria, a locally-owned chain of Mexican restaurants that has opened five locations in three years, with more to come.”

Hobby Lobby is becoming a dominant chain within its use category

Jerry Welkis, president of Welco Realty, Inc., a brokerage firm representing retailers and landlords in New Jersey and New York, explained, “Retail Group of America is making deals with major apparel brands from Europe. We’ve made deals with New Yorker, F&F, Pro Mod, Monsoon Kids and Prime Mark, a specialty department retailer from Ireland, which is taking over several former Sears stores throughout the New York area.” Welkis added, “I’m also seeing activity from urgent care, dental and dialysis centers leasing retail space. Also, CarMax is looking for sites next to major shopping centers.” Page 16 | December 12, 2014

Chuck Lanyard, president of The Goldstein Group, a brokerage company representing retailers and landlords throughout New Jersey, stated “Hobby Lobby and Dessange Hair Salon concepts are actively leasing space throughout New Jersey.” Lanyard also noted that medical and fast-casual dining concepts are fiercely expanding, while Costco, Dick’s Sporting Goods and Hobby Lobby are becoming the dominant chains within their use categories. Kenneth Schuckman, president of Schuckman Realty, a brokerage firm representing landlords and tenants throughout the metropolitan New York, New York market, as well as in Nassau and Suffolk counties and specializing in urban leasing and strip center development, remarked, “We represent Starbucks, Orangetheory Fitness, T-Mobile, CVS and Cumberland Farms, just to name a few, and we do see the pace of store openings continuing to increase in 2015 through 2016.” Matthew Harding, president of Levin Management with a portfolio of shopping centers concentrated in the Northeast, explained, “Medical users are actively leasing space in retail properties, particularly emergency-urgent care type operations. An ongoing trend I’m also seeing is retailers right-sizing with smaller footprints. Restaurants and fast-casual dining remain in a strong expansion mode.” Harding added, “Discount department stores such as T.J. Maxx and Marshalls remain dominant in the Northeast. Whole Foods is expanding, while ShopRite and Stop & Shop are the most active among regional traditional supermarkets in our area.” Harold Shumacher, president and managing broker of The Shumacher Group, Inc., an Atlanta, Georgia-based firm offering tenant representation for retailers and restaurants, noted that new retail trends include fitness and educational facilities, data processing centers and government offices taking over unused retail space. “Bojangle’s and Seven Hens, a chicken schnitzel concept, are two chains that are rapidly expanding, while Academy Sports and Cabela’s continue to dominate,” Shumacher added. Paul Tsakiris, founder of First Western Properties, Inc., a brokerage firm specializing in leasing, development and acquisitions throughout the greater Chicago, Illinois metropolitan area, said “Metro PCS is taking Chicago by storm, and we’ve completed twelve deals with the urban cell phone retailer during the last 90 days, along with an additional ten deals that are still pending.” Tsakiris also said, “Medical tenants have been a blessing to strip centers and allowed many owners to stay afloat during the depths of the recession. The challenge is to strategically blend them into the center in a way that doesn’t alienate the retailers or diminish the center’s appeal to customers. Medical tenants are here to stay.” Debbie Currier of Currier Properties, Inc., a brokerage company representing retailers in the southeast with a focus on the Carolinas, added “I’m representing an urgent care medical tenant that prefers endcaps and outparcels in grocery-anchored centers.” Thomas Fidler, Jr., executive vice president and principal of MacKenzie Retail, a full-service brokerage company serving the MidAtlantic region, explained, “Medical users continue to be a backfill strategy for larger junior anchor boxes that can’t garner the interest from the few junior anchor tenants in the market.” Fidler added, “Harris & Teeter is another chain gaining traction.” Dealmakers Magazine | www.dealmakers.net

Les Sax, president of Sax Realty, a brokerage firm representing retailers and developers throughout the Mid-Atlantic region added, “I’ve seen increased leasing activity with Marshalls, T.J. Maxx, Nordstrom Rack, DSW, Aldi, Harris Teeter and Whole Foods.” Ralph Cram, president of Envoy NNN, a specialist in financing triplenet, gap and construction loans for retail properties nationwide, noted “Raising Cain, a fast-casual chicken restaurant chain, is expanding, along with several new concepts of Dick’s Sporting Goods.” Stuart Zall, founder of The Zall Company a brokerage firm serving retailers and developers, noted “Our company is working with highend health and beauty stores and we are also representing a new concept, Somnia, a sleep improvement store, with its expansion.” Keith Lord, president of The Lord Companies, a brokerage firm serving the Chicago, Illinois market, stated, “Service businesses are taking urban retail storefronts, also day cares and preschools are popping up within urban environments as more young parents are choosing not to move to the suburbs.” Dan Adamson, executive director of ROI Commercial Real Estate, a brokerage company covering the Las Vegas, Nevada market added, “Urgent care medical, CSL Plasma and local government agencies are taking a lot of retail space.” Other trends being observed by industry experts include the migration of retailers to transit-oriented and urban locations. An industry expert noted, “Rather than looking at new retailers, it’s interesting to examine how existing retailers are reinventing themselves. Traditional chains that we’ve known for years are going with the Apple model of redesigning and re-laying out their stores so that consumer ease comes first. Over the next year, we’ll see a lot of chains bringing excitement back into shopping at what were old, outdated stores.” Industry experts repeatedly mentioned that they expect a lot of fallout from the quick-serve concepts, mainly those offering hamburgers, along with frozen yogurt shops seeing a rapid decline. Schuckman added, “Electronic-based retailers are going to continue to struggle until they reinvent themselves. An example of this is RadioShack. The retail chain’s most recent inventory lineup reflects more than a year of attempting to revamp store designs and put less emphasis on cellphone sales. The result is a broader merchandise mix, featuring new tech, including wearable tech products and old standbys. Best Buy now offers a price match guarantee feature as part of their ongoing effort to go toe-to-toe with e-commerce sites offering affordable electronics, including Amazon.” An industry expert said, “Over the past several years, many big box chains have gone bankrupt or vacated certain markets, leading to an abundance of shopping centers without anchors. An interesting trend that I see coming in the next year is landlords becoming more creative with their centers and dividing big box sites to meet the needs of tenants today, who continue to shrink their store models. So a former 60,000 square foot big box space might now be two or three 20,000 to 30,000 square foot users.” Other uses cited as part of a shrinking market include stores buying and selling gold, cupcake shops, make-your-own pizza concepts, cellular phone stores and upscale burger concepts. An industry expert said, “I expect burger and yogurt tenants to continue to go out of business.” Sax noted, “Regional supermarkets are in a fight Dealmakers Magazine | www.dealmakers.net

for survival of the fittest against Wal-Mart, Target, warehouse clubs, along with drug stores; they are all fighting for market share.” An industry expert added, “Mattress stores seem to be on every corner and paying above market rent.” Cram noted, “I think grocery store chains are going to be in a world of hurt.” According to Rubens, “As rents continue to rise in Manhattan and competition from national chains continues to grow, the region will lose more of its local, momand-pop retailers.” Adamson said, ‘We have a change coming with grocery store closings; there will be many vacant boxes.” As for under-served uses, industry experts echoed … industry experts echoed a a resounding voice that resounding voice that fashion fashion retailers are missing retailers are missing from future from future developments, developments, as are department as are department store anchors. Harding explained, store anchors. “Centers are seeing fewer moderate-priced fashion tenants than in the past. Bankruptcies by Mandee, Dots and Fashion Bug in recent years are not being countered by expansions among other similar brands looking for mid-size store footprints. Rather, these spaces are being absorbed by fitness, healthcare or other nontraditional tenants.” Tsakiris said, “There are still not enough clothing retailers out there. Most are expanding very slowly or just improving their locations.” Fidler concurred, “The largest under-served use is fashion.” A lack of innovative small shops was also noted as missing from traditional tenant mixes. Landlords and developers are working diligently to expand, redevelop and break ground to keep up with the demand for retail and restaurant space. A few of our industry experts shared information on the projects that they have in the works. Welco Realty is preleasing Welco Realty is preleasing the the redevelopment redevelopment and expansion of The Mall at Bay Plaza in New York, NY and expansion of The Mall at Bay Plaza, an enclosed mall anchored by Macy’s and JCPenney in New York, New York. The company is also preleasing a BJ’s wholesale club-anchored shopping center in Kearny, New Jersey, featuring 50,000 square feet to 60,000 square feet of available space. In addition, the company is developing an Aldi site in Bloomfield, New Jersey, as well as leasing Cedar Knolls, a 100,000 square foot shopping center in River Edge, New Jersey and the expansion of Edison Town Center with mid-size boxes available in Edison, New Jersey. The company is also leasing the redevelopment of Paramus Town Center in Paramus, New Jersey and recently signed leases with LA Fitness and Five Below at the site. Welco is also redeveloping DSW Plaza in Lake Grove, New York, with Fairway supermarket now serving as the anchor. The site has spaces from 19,000 to 40,000 square feet available. Other redevelopment projects in the pipeline for Welco include Plainview Shopping Center in Long Island, New York with a junior anchor space available. (continued on page sixty-eight)

December 12, 2014 | Page 17

FOOD CHAINS EXPAND NATIONWIDE (continued from page twelve)

Jersey Mike’s operates more than 1,300 locations nationwide. The sub shops occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in endcaps of power and strip centers, urban areas, street fronts and freestanding locations. Growth opportunities are sought throughout Long Island, NY and central and northern NJ during the coming 18 months, with representation by Winick Realty Group. Tossed operates six locations throughout CA, FL, MA, NC, NY and TX. The restaurants occupy spaces of 1,600 sq.ft. to 2,400 sq.ft. in malls, office complexes and airports. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by Winick Realty Group, LLC. For more information regarding Jersey Mike’s expansion throughout Long Island, NY, contact Robert Heicklen or Kenneth Hochhauser, Winick Realty Group, 655 3rd Avenue, 8th Floor, New York, NY 10017; 212-792-2656/2605; Email: khochhauser@winick.com. For more information regarding Jersey Mike’s expansion in central and northern NJ, contact Daniel Spector or Gary Krauss; 201441-3511; Emails: daniel@winick.com and gary@winick.com. For more information regarding Tossed, contact Hal Shapiro; 212792-2623; Email: hal@winick.com; Web site: www.tossed.com. The Coffee Bean & Tea Leaf operates more than 950 locations nationwide and internationally. The coffee shops occupy spaces of 1,100 sq.ft. to 1,600 sq.ft. in endcaps of lifestyle, power and regional centers, as well as urban/downtown locations. Growth opportunities are sought throughout Los Angeles County, CA during the coming 18 months, with representation by Irish Commercial Brokerage, Inc. For more information, contact Charlie Cangelosi, Irish Commercial Brokerage, Inc., 30312 Eaglebrook Drive, Agoura Hills, CA 91301; 818-646-6117; Email: charlie@irishcb.com. Café Rio, Inc. trades as Café Rio at 78 locations throughout AZ, CA, CO, ID, MD, MT, NV, VA, UT, WA and WY. The restaurants occupy spaces of 2,500 sq.ft. to 3,200 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Donald Lewandowski, Café Rio, Inc., 215 North Admiral Byrd Road, Suite 100, Salt Lake City, UT 84116; 801-441-5041; Email: dlewandowski@caferio.com; Web site: www.caferio.com. Page 18 | December 12, 2014

Blue Sushi Sake Grill operates eight locations throughout CO, IL, NE and TX. The sushi restaurants occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in lifestyle and mixed-use centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Emerging Concepts. The Pub operates 12 locations throughout FL, GA, KY, OH and TN. The restaurants prefer to occupy spaces of 6,500 sq.ft. 7,500 sq.ft. in lifestyle centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Emerging Concepts. Adobe Gilas operates four locations throughout FL, IL and OH. The Mexican-inspired restaurants, with a bar, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in mixed-use and lifestyle centers. Growth opportunities are sought throughout FL and the Midwestern region of the U.S. during the coming 18 months, with representation by Emerging Concepts. Old Town Pour House operates two locations throughout Chicago, IL. The bar/restaurants prefer to occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in lifestyle and mixed-use centers. Growth opportunities are sought throughout TX, as well as the northeastern, Midwestern and southeastern regions of the U.S., during the coming 18 months, with representation by Emerging Concepts. Bar Louie operates more than 90 locations nationwide. The bar/restaurants prefer to occupy spaces of 5,500 sq.ft. to 6,500 sq.ft. in mixed-use and lifestyle centers. Growth opportunities are sought throughout FL, IL, KS, OH and WI during the coming 18 months, with representation by Emerging Concepts. 3 Palms operates a location in OH. The pizzeria prefers to occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in lifestyle or mixeduse centers. Growth opportunities are sought throughout FL, OH and the Midwestern region of the U.S. during the coming 18 months, with representation by Emerging Concepts. Vivace operates two locations in Charlotte and Raleigh, NC. The Italian-inspired restaurants prefer to occupy spaces of 4,500 sq.ft. to 6,000 sq.ft. in lifestyle or mixed-use centers. Growth opportunities are sought throughout Denver, CO and Dallas and Houston, TX during the coming 18 months, with representation by Emerging Concepts. Doc B’s operates two locations in Chicago, IL. The restaurants occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in lifestyle and mixed-use centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Emerging Concepts. Bar Takito operates two locations in Chicago, IL. The Latin-inspired restaurants occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. in lifestyle and mixed-use centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Emerging Concepts.

For more information, Mathew Focht, Emerging Concepts, 411 North LaSalle Street, Suite 300, Chicago, IL 60654; 312-8788000; Email: mfocht@emerging-concepts.com; Web site: www.emerging-concepts.com. Blue Line Pizza currently operates five locations in CA. The pizzerias prefer to occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in strip and power centers, as well as freestanding locations and urban areas. Growth opportunities are sought throughout northern CA during the coming 18 months, with representation by SRS Real Estate Partners. Spice Kit operates three locations in CA. The Asian-inspired restaurants occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in strip and power centers, as well as freestanding locations and urban areas. Growth opportunities are sought throughout the San Francisco Bay area of CA during the coming 18 months, with representation by SRS Real Estate Partners. For more information, contact Ross White, SRS Real Estate Partners, 301 Howard Street, Suite 900, San Francisco, CA 94105; 415908-4939; Email: ross.white@srsre.com; Web site: www.srsre.com. Culver Franchising System, Inc. trades as Culver’s at 500 locations throughout AZ, CO, FL, ID, IL, IN, IA, KS, KY, MI, MN, MO, NE, NC, ND, OH, SC, SD, TN, UT, WI and WY. The restaurants, offering burgers, sandwiches, soups and salads, occupy spaces of 4,000 sq.ft. to 4,300 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets, in addition to GA and OK, during the coming 18 months. For more information, contact Dave O’Brien, Culver Franchising System, Inc., 1240 Water Street, Prairie Du Sac, WI 53578; 608-644-2639; Email: realestate@culvers.com; Web site: www.culvers.com. Panda Express operates more than 1,700 locations nationwide, as well as throughout Canada, Guam and Mexico. The Asianinspired restaurants occupy spaces of 1,600 sq.ft. to 3,000 sq.ft. in freestanding locations and 1,800 sq.ft. to 2,200 sq.ft. in endcaps of shopping centers. Growth opportunities are sought internationally during the coming 18 months. For more information, contact Department of Real Estate, Panda Express, 1683 Walnut Grove Avenue, Rosemead, CA 91770; 800-487-2362 Ext. 8350; Email: restaurantdevelopment@pandarg.com; Web site: www.pandaexpress.com. (continued on page thirty)

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BUYERS AND SELLERS (continued from page eight)

Colliers International is selling a 103,000 sq.ft. freestanding Curacao store in Orange County, CA. The tenant is bound to a lease expiring during 2026 with options. The asking price is $28.5 million with a Cap rate of 6.71%. For more information, contact Eric Carlton, Jereme Snyder or John Sharpe, Colliers International; 949-724-5561/5552/ 5546; Emails: eric.carlton@colliers.com; jereme.snyder@colliers.com and john.sharpe@colliers.com. Newmark Cornish & Carey is selling Mooresville Crossing II, located along Interstate 150 in Mooresville, NC. The property is currently 97% occupied and shadow-anchored by Ashley Furniture and hhgregg. Area retailers include Super Target, Ross Dress for Less, Sam’s Club, Petco, Staples, Bed Bath & Beyond and Pier 1 Imports. Area demographics include a tradearea population within one mile earning $99,400 as the average household income. The asking price is $14.912 million with a Cap rate of 7.5%. For more information, contact Michael Yuras or Putnam Daily, Newmark Cornish & Carey; 415-481-0788/415-445-5107; Emails: myuras@newmarkccarey.com and pdaily@newmarkccarey.com. Guggenheim Commercial Real Estate Group recently negotiated the sale of Park Plaza Shopping Center, a 45,000 sq.ft. center in Cincinnati, OH. At the time of the transaction, tenants included Subway, Great Clips and Domino’s. The company represented the seller in the transaction. For more information, contact Douglas Holtzman, Guggenheim Commercial Real Estate Group, 23215 Commerce Park Drive, Suite 214, Beachwood, OH 44122; 216-765-8000, Fax 216-765-1719; Email: doug@guggenheiminc.com. Capital Real Estate Ventures, Inc. is selling a 19,876 sq.ft. shopping center anchored by Fresh & Easy supermarket and situated on 2.24 acres along Yucaipa Boulevard in Yucaipa, CA. Tenants include Jersey Mike’s, AT&T Mobility and Supercuts. Area retailers include Vons, Starbucks, Ross Dress for Less, El Pollo Loco, CVS, Staples and Bank of America. The asking price is $5.085 million with a Cap rate of 6.05%. For more information, contact Brandon Trevellyan, Capital Real Estate Ventures, Inc., 815 J Street, Suite 202, San Diego, CA 92101; 619-398-8911; Email: btrevellyan@capital-rev.com; Web site: www.capital-rev.com. Page 22 | December 12, 2014

Cushman & Wakefield is selling Grove Park Shopping Center, a 106,557 sq.ft. shopping center located along Chestnut Street in Orangeburg, SC. The property is currently 90% occupied and anchored by Bi-Lo. Tenants include AT&T Mobility, Orange Cut Rate Drugs and Springleaf Financial. Area demographics include a population of 26,993 within a three-mile radius. The NOI is $571,251. The company also recently negotiated the sale of Five Town Plaza, a 328,372 sq.ft. shopping center in Springfield, MA. At the time of the sale, tenants included Big Y, Burlington and Big Lots. The property was acquired for $31.007 million. The company also recently negotiated the sale of The Crossroads Square Shopping Center, a 174,153 sq.ft. community shopping center located along Blanding Boulevard in Jacksonville, FL. At the time of sale, the property was anchored by Floor & Décor, Office Depot and Harbor Freight Tools. The center was acquired for $13.75 million. For more information regarding the Orangeburg property, contact Mark Joines, Drew Fleming or Tyler Anderson, Cushman & Wakefield, 55 Ivan Allen Jr. Boulevard, Suite 700, Atlanta, GA 30308; 404-8535281/904-380-4107/404-853-5374; Emails: mark.joines@cushwake.com; drew.fleming@cushwake.com and tyler.anderson@cushwake.com. For more information regarding the Springfield property, contact Robert E. Griffin, Jr.; 617204-4150; Email: robert.griffin@cushwake.com. For more information regarding the site in Jacksonville, contact Karl Johnston, Mark Gilbert or Adam Feinstein, Cushman & Wakefield; 904-380-8346/305-5332866/2863; Emails: karl.johnston@cushwake.com; mark.gilbert@cushwake.com and adam.feinstein@cushwake.com. RCG Ventures recently acquired four shopping centers, including Sebring Square, a 175,937 sq.ft. shopping center anchored by Winn Dixie in Sebring, FL; Walden Woods, a 72,950 sq.ft. center anchored by Dollar Tree and Aaron’s in Plant City, FL; Cypress Mill Square, a 260,516 sq.ft. shopping center anchored by Winn Dixie and Big Lots in Brunswick, GA and Chapman Square, a shopping center anchored by Kroger in Knoxville, TN. The company also recently negotiated the sale of Pepperell Corners, a 234,817 sq.ft. shopping center anchored by Ollie’s Bargain Outlet in Opelika, AL and Lakeside Plaza, a 66,700 sq.ft. shopping center anchored by Food Lion in Waynesville, NC. For more information, contact RCG Ventures, 3060 Peachtree Road Northwest, Suite 400, Atlanta, GA 30305; 404-8165454; Web site: www.rcgventures.com.

HFF is selling Norchester Village Shopping Center, a 108,740 sq.ft. shopping center situated on 10.9 acres along Grant Road in Houston, TX. The property is currently 82% occupied and anchored by Habitat for Humanity. Area retailers include McDonald’s. Area demographics include a population of 293,214 within five miles earning $93,324 as the average household income. For more information, contact Ryan West, Matt Berry or Robbie Kilcrease, HFF, 9 Greenway Plaza, Suite 700, Houston, TX 77046; 713-852-3535/3540/3533; Emails: rwest@hfflp.com; mberry@hfflp.com and rkilcrease@hfflp.com; Web site: www.hfflp.com. Retail Solutions is selling a 61,634 sq.ft. land area located at the intersection of Main Street/FM 518 and Bay Area Boulevard in League City, TX. Walgreens shadow-anchors the site. Area retailers include Kids “R” Kids, CVS and Little Caesars. Area demographics include a population of 134,129 within a three-mile radius earning $99,611 as the average household income. The average daily traffic count is 23,000 vehicles along Main Street. For more information, contact Lyle Cowand or Terence Bell, Retail Solutions; 281-445-0033; Emails: lyle@retailsolutions. us and terrence@retailsolutions.us; Web site: www.retailsolutions.us. SRS Real Estate Partners recently negotiated the sale of an 89,880 sq.ft. neighborhood shopping center located along Bankhead Highway in Carrollton, GA. At the time of the sale, Ollie’s Bargain Outlet anchored the center and tenants included Hibbett Sports and Family Dollar. The property was acquired for $3.9 million and the company represented the seller in the transaction. For more information, contact Christina Wezwick, SRS Real Estate Partners, Email: christina.wezwick@srsre.com; Web site: www.srsre.com. The Boulder Group recently negotiated the $5.862 million sale of a freestanding Walgreens in the Kansas City metropolitan surrounding area; the $3.1 million sale of a freestanding Dollar General in Charlotte, NC and the $2.385 million sale of a Burger King in Chicago, IL. For more information, contact Randy Blankstein or Jimmy Goodman, The Boulder Group, 666 Dundee Road, Northbrook, IL 60062; 847-562-0003/8500; Emails: rblank@bouldergroup.com and jimmy@bouldergroup.com; Web site: www.bouldergroup.com. (continued on page forty-four)

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SUPERMARKET CHAINS EXPAND NATIONWIDE (continued from page one)

Shop Rite operates more than 250 locations throughout CT, DE, MD, NJ, NY and PA. The supermarkets occupy spaces of 25,000 sq.ft. to 75,000 sq.ft. in strip centers. Growth opportunities are sought throughout Fairfield County, CT during the coming 18 months, with representation by Royal Properties, Inc. For more information, contact Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914237-3403 Ext. 103, Fax 914-237-0196; Email: jeff@royalpropertiesinc.com; Web sites: www.royalpropertiesinc.com and www.shoprite.com.

Lund Food Holdings, Inc. trades as Byerly’s and Lunds at 28 locations throughout MN. Lunds prefers to occupy spaces of 30,000 sq.ft. and Byerly’s prefers to occupy spaces of 55,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 20 years with options. For more information, contact Jenifer Kent, Lund Food Holdings, Inc., 4100 West 50th Street, Suite 2100, Edina, MN 55424; 952915-2696, Fax 952-915-2675; Email: jenifer. kent@lfhi.com; Web site: www.lfhi.com.

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Albertsons, LLC (Southern CA Division) trades as Albertsons at 180 locations throughout southern CA and NV. The supermarkets, featuring seafood, produce, meat, bakery and floral departments, occupy spaces of 45,000 sq.ft. to 55,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Jeff Dierck, Albertsons, LLC, (Southern CA Division), 1421 South Manhattan Avenue, Fullerton, CA 92831; 714-300-6752, Fax 714-3006941; Email: jeff.dierck@albertsons.com; Web site: www.albertsons.com. K-VA-T Food Stores, Inc. trades as Food City and Super Dollar Discount Foods at 106 locations throughout southeastern KY, eastern TN and southwestern VA. The supermarkets occupy spaces of 38,000 sq.ft. to 58,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. Major competitors include Food Lion, Kroger, Walmart and Ingles Market. A land area of 5.5 acres is required for freestanding locations. For more information, contact Lou Scudere, K-VA-T Food Stores, Inc., PO Box 1158, Abingdon, VA 24212; 276-623-5100, Fax 276-623-5447; Email: scuderel@foodcity.com; Web site: www.foodcity.com. DM

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Grocery Outlet, Inc. trades as Amelia’s Grocery Outlet at 16 locations throughout southeastern and south central PA. The supermarkets, offering discounted food products, occupy spaces of 17,000 sq.ft. to 20,000 sq.ft. in shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Legend Properties, Inc. Preferred demographics include a trade-area population earning a lower to middle income. The company prefers highly visible locations with an average daily traffic count of 20,000 vehicles. For more information, contact Maria Rita Aristone, Legend Properties, Inc., 201 Barclay Pavilion West, 1409 Route 70 East, Cherry Hill, NJ 08034; 856-231-1010; Email: maristone@lpre.com; Web sites: www.lpre.com and www.ameliasgroceryoutlet.com.

9/18/14 2:59 PM

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Experience Strength Stability Mixed-Use • Retail • Medical • Multi-Family • Office For more than 20 years, Cullinan Properties, Ltd. has been a leading provider of commercial and mixed-use real estate services. We’ve built our reputation on strong relationships and successful projects, and although the market has changed our commitment to excellence remains the same. Let us show you how we turn real estate plans into reality with almost $1 billion in successful real estate projects completed to date. CONTACT US ABOUT SALE & LEASE OPPORTUNITIES East Court Village - Pekin, IL The Levee District - East Peoria, IL Streets of St. Charles - St. Charles, MO and our other exciting projects in Texas, Georgia, Illinois, and Kansas. www.cullinanproperties.com 309.999.1700 | Chicago, IL | Peoria, IL | St. Louis, MO

HOME-RELATED CHAINS EXPAND NATIONWIDE HomeGoods operates more than 460 locations nationwide and in Puerto Rico. The stores, offering home accents including furniture, lamps, rugs, bath and bedding items, as well as seasonal merchandise and gift items, occupy spaces of 25,000 sq.ft. in regional shopping centers. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Welco Realty. Pier 1 Imports operates more than 1,000 locations nationwide and in Canada. The stores, offering home decor and home furnishings, as well as gift items and seasonal merchandise, occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding locations, lifestyle and specialty centers. Growth opportunities are sought throughout NJ and NY during the coming 18 months, with representation by Welco Realty. For more information, contact Jerry Welkis, Welco Realty, 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914-576-7596; Email: jwelkis@welcorealty.com; Web sites: www.welcorealty.com, www.homegoods.com and www.pier1.com. Cole’s Hardware, Inc. trades as Cole’s Hardware at 11 locations throughout PA. The hardware stores, offering tools, housewares,

Page 26 | December 12, 2014

electrical and plumbing supplies, as well as outdoor products, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A land area of two acres is required. For more information, contact Greg Cole, Cole’s Hardware, Inc., 5 Enterprise Drive, Danville, PA 17821; 570-275-5367, Fax 570275-1386; Email: gcole@coleshardware.com; Web site: www.coleshardware.com. La-Z-Boy operates 317 locations nationwide and in Canada. The home furnishings stores, offering chairs, recliners, sofas, sectionals and outdoor furniture, occupy spaces of 12,000 sq.ft. to 18,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Chicago, IL and northwestern IN during the coming 18 months, with representation by Edgemark Commercial Real Estate. For more information, contact Matthew Smetana or Michael Wesley, Edgemark Commercial Real Estate, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630472-1010, Fax 630-472-1019; Email: msmetana@edgemarkllc.com; Web sites: www.edgemarkllc.com and www.la-z-boy.com.

Factory Mattress operates 18 locations throughout TX. The stores, offering mattresses and related bedding items, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with options. A vanilla shell is required. Preferred demographics include a population of 35,000 within five miles earning $60,000 to $70,000 as the average household income. The company will operate 20 locations by the end of the year. For more information, contact Steve Frey, Factory Mattress, 4209 South Industrial Drive, Austin, TX 78744; 512-834-6464, Fax 512834-9455; Email: stephenaustinfrey@yahoo.com; Web site: www.factorymattresstexas.com. DM

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FOOD CHAINS EXPAND NATIONWIDE (continued from page eighteen)

Rita’s Italian Ice operates more than 600 locations nationwide. The water-ice shops occupy spaces of 800 sq.ft. to 1,200 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout CT and NY during the coming 18 months, with representation by Royal Properties, Inc. Tengda Asian Bistro operates five locations in CT and NY. The chain of Asian-inspired restaurants prefers to occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in lifestyle, power, strip and specialty centers, as well as freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Royal Properties, Inc. Typical leases run 15 years. A vanilla shell and specific improvements are required. For more information regarding Rita’s Italian Ice, contact Jeanine Kemm, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403 Ext. 111, Fax 914-2370196; Email: jeanine@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. For more information regarding Tengda Asian Bistro, contact Jeff Kintzer, Email: jeff@royalpropertiesinc.com. Taco Bell operates nearly 6,000 locations nationwide. The fast food restaurants occupy spaces of 1,645 sq.ft. to 2,500 sq.ft. in freestanding locations or endcaps with a drive-thru. Growth opportunities are sought throughout NJ; the lower Hudson Valley region, Westchester, the Bronx, Staten Island, Queens, Long Island and Brooklyn, NY, as well as in northeastern PA during the coming 18 months, with representation by Summit Realty, LLC. The company prefers to locate in highly visible spaces at signalized corners, or outparcels of shopping centers. Inline spaces in central business districts will also be considered. Expansion is franchise-driven. For more information, contact Robert Delia, Summit Realty, LLC, 908-832-0276; Email: bdelia@summitrealtyllc.com; Web site: www.summitrealtyllc.com. Golden Franchising Corp. trades as Golden Chick at 136 locations throughout GA, OK, SC and TX, as well as in China and Jordan. The restaurants occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in endcaps of shopping centers and freestanding locations. Plans call for 50 openings throughout AR, GA, MO, OK, SC and TX during the coming 18 months. For more information, contact Brian Gilbert, Golden Franchising Corp., 1131 Rockingham Drive, Suite 250, Richardson, TX 75080; 972-831-0911, Fax 972-8310401; Email: gcinfo@goldenchick.com; Web site: www.goldenchick.com. Page 30 | December 12, 2014

Zoe’s Kitchen operates 131 locations nationwide. The restaurants occupy spaces of 2,600 sq.ft. to 3,100 sq.ft. in power, regional, strip, specialty and mixed-use centers, as well as freestanding locations and urban areas. Plans call for 50 openings throughout AZ; Denver, CO; Orlando, FL; Kansas City, KS; Philadelphia, PA and TX during the coming 18 months. Preferred demographics include a population of 40,000 within a threemile radius earning $85,000 as the average household income. Preferred average daily traffic counts include 20,000 vehicles. Typical leases run 10 years with three, five-year options. A vanilla shell is required. For more information, contact Allyn Taylor, Zoe’s Kitchen, 5760 State Highway 121, Suite 250, Plano, TX 75024; 205-414-9920 Ext. 205; Email: allyntaylor@zoeskitchen. com; Web site: www.zoeskitchen.com. Genghis Grill Franchise Concepts, Inc. trades as Genghis Grill at 112 locations throughout AL, AR, AZ, CA, CO, IA, IL, FL, KS, KY, LA, MN, MO, NC, NM, NV, OK, SC, TN and TX. The build-your-own stir-fry restaurants occupy spaces of 3,200 sq.ft. to 4,500 sq.ft. in endcaps and pad sites of power centers, as well as freestanding locations. Growth opportunities are sought throughout AL, AR, AZ, CA, CO, FL, GA, IN, KY, LA, MD, MI, MS, NC, NV, OK, SC, TN, TX, UT and VA during the coming 18 months, with representation by Position Property Group, LLC. For more information, contact Ryan Eastman, Position Property Group, LLC, 18900 Dallas Parkway, Suite 125, Dallas, TX 75287; 972-996-4037; Email: ryan@positionpropertygroup.com; Web site: www.genghisgrill.com. Dunn Bros. Coffee Franchising, Inc. trades as Dunn Brothers Coffee at more than 85 locations throughout IA, KS, MN, MO, ND, SD, TN, TX and WI. The specialty coffee shops occupy spaces of 1,600 sq.ft. to 2,500 sq.ft. in entertainment, specialty, strip and tourist centers, as well as malls, freestanding locations and urban/downtown areas. Growth opportunities are sought throughout the existing markets, in addition to IL and NE, during the coming 18 months. Typical leases run five to 10 years. Specific improvements are required. Major competitors include Starbucks, Caribou Coffee and It’s A Grind. The company is franchising. For more information, contact Chris Eilers, Dunn Bros. Coffee Franchising, Inc., 111 Third Avenue South, Suite 220, Minneapolis, MN 55401; 612-877-3611, Fax 612-3349749; Email: realestate@dunnbros.com; Web site: www.dunnbros.com.

White Castle System, Inc. trades as White Castle at 416 locations throughout IL, IN, KY, MI, MN, MO, NJ, NY, OH, TN and WI. The fast-food restaurants occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in outlots of shopping centers and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Director of Real Estate, White Castle System, Inc., 555 West Goodale Street, Columbus, OH 43215; 614-228-5781, Fax 614-559-2560; Email: mccovk@whitecastle.com; Web site: www. whitecastle.com. Dairy Queen of Virginia, Inc. trades as Dairy Queen at 108 locations throughout VA. The ice-cream shops occupy spaces of 1,900 sq.ft. to 2,700 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Mark P. Dunham, Dairy Queen of Virginia, Inc., 12020 Wyndham Lake Drive, Glen Allen, VA 23059; 804-364-3006, Fax 804-3642346; Email: dqvai@aol.com; Web site: www.dairyqueen.com. Dippin’ Dots Franchising, LLC trades as Dippin’ Dots at 112 locations nationwide. The company, offering flash-frozen beaded ice cream, prefers to occupy spaces of 100 sq.ft. to 1,500 sq.ft. in lifestyle, outlet, specialty, strip and tourist centers, as well as freestanding locations and malls. Plans call for five openings throughout the existing market during the coming 18 months. For more information, contact Vanessa Reeves, Dippin’ Dots Franchising, LLC, 2775 West Park Drive, Paducah, KY 42001; 270-575-6990, Fax 270-575-6997; Email: vanree@dippindots.com; Web site: www.dippindots.com. Buffalo Wild Wings operates more than 1,045 locations nationwide and in Canada and Mexico. The restaurants occupy spaces of 5,500 sq.ft. to 6,500 sq.ft. in endcaps and pad sites of entertainment and power centers. Growth opportunities are sought throughout Inland Empire and Orange County, CA during the coming 18 months, with representation by Strategic Retail Advisors. For more information, contact Jeff Reenders, Strategic Retail Advisors, 3990 Westerly Place, Suite 230, Newport Beach, CA 92660; 949-640-6678, Fax 949-7488088; Email: jeff@strategicretailadvisor.com; Web site: www.strategicretailadvisor.com. (continued on page thirty-six)

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APPAREL CHAINS EXPAND NATIONWIDE Dress Barn, Inc. trades as dressbarn at 840 locations throughout the continental U.S. The stores, offering career and casual apparel and accessories for women ages 35 to 55 years, occupy spaces of appoximately 7,500 sq.ft. in malls, lifestyle, outlet, power, strip, tourist, community and regional shopping centers, as well as downtown areas. Plans call for more than 80 openings throughout the existing market during the coming 18 months. Preferred cotenants include grocery stores, apparel and soft goods retailers and discount department stores. Preferred demographics include a trade-area population earning a median household income of $60,000. Lane

Bryant operates 750 locations nationwide. The stores, offering plus-size casual and career apparel and accessories for women ages 35 to 55 years, occupy spaces of 5,000 sq.ft. in strip centers. Plans call for 100 openings throughout the existing market during the coming 18 months. Typical leases run five years. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. The company also trades as Catherines at 400 locations nationwide. The stores, offering women’s plus-size casual and career apparel, targeting women ages 45 years and up, occupy spaces of 4,000

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sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include Kohl’s, Target and T.J. Maxx. Maurices, Inc. trades as Maurices at 900 locations nationwide. The stores, offering dress, casual and career apparel and accessories for women in their 20’s, occupy spaces of 5,000 sq.ft. in malls, lifestyle, outlet, power, strip and community centers. Plans call for 70 openings throughout the existing market during the coming 18 months. Preferred cotenants include JC Penney, Kohl’s, Macy’s, Target and Walmart. Preferred demographics include a market population of 25,000 to 150,000 earning an average household income of $50,000 to $100,000. Tween Brands, Inc. trades as Justice at 900 locations nationwide, as well as in Puerto Rico and Canada. The stores, offering apparel and accessories for girls aged seven to 13, occupy spaces of 4,200 sq.ft. in malls, lifestyle, outlet, power, strip and community centers. Plans call for 70 openings nationwide during the coming 18 months. The parent company for all concepts is Ascena Retail Group, Inc. For more information regarding dressbarn, contact Elise Jaffe, Dress Barn, Inc., 933 MacArthur Boulevard, Mahwah, NJ 07430; 551-777-6101; Email: elise.jaffe@dressbarn.com; Web site: www.dressbarn.com. For more information regarding Catherines, contact Jeffrey Parisian, 3750 State Road, Bensalem, PA 19020; Email: realestate@catherines.com. For more information regarding Lane Bryant, contact Jeffrey Parisian, 3344 Morse Crossing, Columbus, OH 43219; 614-4635200; Email: realestate@lanebryant.com; Web site: www.lanebryant.com. For more information regarding Maurices, contact Jeff Holmes, Maurices, Inc., 105 West Superior Street, Duluth, MN 55802; 218-720-2035; Email: jholmes@maurices.com; Web site: www.maurices.com. For more information regarding Justice, contact Alan Hochman, Tween Brands, Inc., 8323 Walton Parkway, New Albany, OH 43054; 614-775-3500; Email: ahochman@tweenbrands.com; Web site: www.tweenbrands.com. Fitted Fashion, Inc. trades as Acustom Apparel at a location in New York, NY. The store, offering digital technology services to customize men’s apparel, occupies spaces of 700 sq.ft. to 1,200 sq.ft. in regional malls and power centers. Plans call for three openings throughout CA, MA and NY during the coming 18 months. For more information, contact Jamal Motlagh, Fitted Fashion, Inc., 519 Broome Street, Floor 2, New York, NY 10013; 212510-8565; Web site: www.acustom.com. (continued on page thirty-four)

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APPAREL CHAINS EXPAND NATIONWIDE (continued from page thirty-two)

Carter’s operates 525 locations nationwide. The stores, offering apparel and accessories for children and newborns, occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout NJ and Dutchess, Orange, Rockland and Westchester counties in NY during the coming 18 months, with representation by Welco Realty. Preferred cotenants include Bed Bath & Beyond, Marshalls, Target and T.J. Maxx. Marshalls operates more than 955 locations nationwide. The stores, offering family apparel, footwear, accessories and housewares, occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in community and regional shopping centers. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Welco Realty. Once Upon a Child operates more than 280 locations nationwide and in Canada. The stores, which buy and sell gently used children’s apparel, toys and baby items, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding locations and neighborhood, power, strip and regional shopping RJBADHalfPage_NYC_outlines_BW.pdf centers. Growth opportunities are sought throughout central and northern NJ during

the coming 18 months, with representation by Welco Realty. Preferred cotenants include supermarkets. Osh Kosh B’Gosh operates 195 locations nationwide. The stores, offering apparel for children and newborns, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in strip centers. Growth opportunities are sought throughout NJ and Rockland and Westchester, NY during the coming 18 months, with representation by Welco Realty. T.J. Maxx operates more than 1,090 locations nationwide. The stores, offering discounted designer apparel for men, women and children, as well as footwear, accessories and housewares, occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in community and regional strip centers. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Welco Realty. Preferred cotenants include supermarkets, discount department stores and apparel retailers. Torrid operates locations nationwide. The stores, offering women’s plus sized apparel, occupy spaces of 2,500 sq.ft. in shopping centers. Growth opportunities are sought throughout 1 11/19/14 4:42 PM NJ during the coming 18 months, with representation by Welco Realty.

For more information, contact Jerry Welkis, Welco Realty, 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914-576-7596; Email: jwelkis@welcorealty.com; Web site: www.welcorealty.com. 10 Spot / Madrag operates 63 locations throughout AR, CT, FL, MA, MD, NJ, NY, PA, RI and TN. The stores, offering women’s, juniors’ and plus-size apparel at popular price points, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in malls, power and strip centers, as well as urban/downtown areas. Plans call for eight to 12 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include supermarkets. Preferred demographics include a population of 100,000 within three miles earning $35,000 to $50,000 as the average household income. Vanilla Sky operates five locations throughout NJ and NY. The boutiques, offering junior’s apparel, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in neighborhood centers, street fronts and downtown areas. Plans call for three to four openings throughout NJ and Manhattan, NY (continued on page forty)

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FOOD CHAINS EXPAND NATIONWIDE (continued from page thirty)

World of Beer operates locations nationwide. The craft beer taverns, offering a selection of over 500 beers, occupy spaces of 4,200 sq.ft. to 4,800 sq.ft. in inline spaces and endcaps of shopping centers. Plans call for 50 openings nationwide during the coming 18 months. Preferred cotenants include upscale apparel retailers. Preferred demographics include a trade-area population earning $75,000 as the median household income. Preferred average daily traffic counts include 40,000 vehicles. For more information, contact Tim Martin, World of Beer, 10910 Sheldon Road, Tampa, FL 33626; 813-926-9300, Fax 813-920-0801; Email: tim@wobfranchising.com; Web site: www.worldofbeer.com. Wing Zone operates 100 locations nationwide and internationally. The restaurants occupy spaces of 900 sq.ft. to 1,400 sq.ft. in strip and power centers, freestanding locations, and urban areas. Growth opportunities are sought throughout Cook, Dupage and Kane counties in IL during the coming 18 months, with representation by Edgemark, LLC. For more information, contact Eddie Palacios, Edgemark, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5628, Fax 630-218-5848; Email: epalacios@edgemarkllc.com; Web site: www.edgemarkllc.com. Texas Roadhouse operates more than 440 locations nationwide. The casual dining restaurants occupy spaces of 6,300 sq.ft. to 7,200 sq.ft. in endcaps and outparcels of shopping centers, as well as freestanding locations. Growth opportunities are sought throughout NC and SC during the coming 18 months, with representation by Katz & Associates. For more information, contact Julie Gardner, Katz & Associates, 4500 Cameron Valley Parkway, Suite 240, Charlotte, NC 28211; 704-362-5050, Fax 704-362-5045; Email: juliegardner@dkatz.com; Web site: www.katzassociates.com. Ben’s Restaurant Group, Inc. trades as Ben’s Kosher Delicatessen Restaurant at seven locations throughout FL and NY. The restaurants occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in strip and power centers. Growth opportunities are sought throughout Washington, DC during the coming 18 months. For more information, contact Ronald Dragoon, Ben’s Restaurant Group, Inc., 140 Wheatley Plaza, Greenvale, NY 11548; 516-933-9200 Ext. 20, Fax 516-933-9221; Email: rodragoon@aol.com; Web site: www.bensdeli.net. Page 36 | December 12, 2014

Cookies by Design, Inc. trades as Cookie Boutique and Cookies by Design at 230 locations nationwide. The cookie shops prefer to occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company is franchising. Typical leases run five years. Preferred demographics include a population of 250,000 within a 10mile radius earning $40,000 as the average household income. For more information, contact Jack Long, Cookies by Design, Inc., 1865 Summit Avenue, Suite 605, Plano, TX 75074-8147; 972-398-9536, Fax 972-398-9542; Email: jlong@cookiesbydesign.com; Web site: www.cookiesbydesign.com. Firehouse Restaurant Group trades as Firehouse Subs at 845 locations nationwide and in Puerto Rico. The sub shops occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in strip centers and regional malls. Plans call for more than 200 openings nationwide during the coming 18 months. Typical leases run 10 years. The company prefers sites with strong visibility and accessibility and parking. For more information, contact John Namey, Firehouse Restaurant Group, 3410 Kori Road, Jacksonville, FL 32257; 904-886-8300, Fax 904-886-0399; Email: jnamey@firehousesubs.com; Web site: www.firehousesubs.com. Pronto Pizza operates 14 locations throughout CA. The pizzerias occupy spaces in 1,200 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout Los Angeles, Riverside and San Bernardino, CA during the coming 18 months, with representation by The Legaspi Co. The company prefers sites with a drive-thru. For more information, contact Stephen Legaspi, The Legaspi Co., 1611 Paramount Boulevard, Montebello, CA 90640; 323-7288455; Email: stephen@thelegaspi.com; Web site: www.thelegaspi.com. Tijuana Flats Burrito Co. trades as Tijuana Flats at 107 locations throughout FL, GA, IN, NC, PA and VA. The restaurants occupy spaces of 2,200 sq.ft. to 2,800 sq.ft. in strip and power centers, freestanding locations and urban areas. Plans call for 25 openings throughout FL, GA, NC, SC, TN and VA during the coming 18 months. For more information, contact Matthew Livingston, Tijuana Flats Burrito Co., 9439 Forest City Road, Suite 1000, Altamonte Springs, FL 32714; 407-506-1625; Email: matthew.livingston@tijuanaflats.com; Web site: www.tijuanaflats.com.

Jersey Mike’s Subs operates more than 1,300 locations nationwide. The sub shops occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in endcaps of shopping centers and outparcels. Growth opportunities are sought throughout Miami-Dade County, north to Indian River County, including Broward, Palm Beach, Martin and St. Lucie counties in FL, during the coming 18 months, with representation by Avison Young- Florida, LLC. Panera Bread operates more than 1,810 locations nationwide and in Canada. The restaurants occupy spaces of 4,500 sq.ft. to 5,300 sq.ft. in endcaps, pad sites and outparcels of mixed-use centers, as well as freestanding locations. Growth opportunities are sought throughout Broward and Palm Beach counties in FL during the coming 18 months, with representation by Avison Young- Florida, LLC. Preferred demographics include a population of 10,000 within a onemile radius earning $50,000 as the average household income. Preferred cotenants include supermarkets, bookstores, Target, Kohl’s or Walmart Supercenter. Starbucks operates 21,366 locations nationwide and internationally. The coffee shops occupy 1,200 sq.ft. to 1,600 sq.ft. inline spaces, endcaps and outparcels of mixed-use centers, as well as freestanding locations. Growth opportunities are sought throughout Broward, Martin, Indian River, Palm Beach, St. Lucie and Brevard counties in FL during the coming 18 months, with representation by Avison Young- Florida, LLC. For more information regarding Jersey Mike’s Subs, contact Josh Wade, Avison Young- Florida, LLC, PO Box 1625, West Palm Beach, FL 33402; 561-721-7000, Fax 561721-7001; Email: floridaretail@avisonyoung.com; Web site: www.avisonyoung.com. For more information regarding Panera Bread or Starbucks, contact Don DeWoody. Corner Bakery Café operates more than 165 locations throughout AZ, CA, CO, southern FL, GA, IL, MD, MS, NJ, NM, western NY, PA, TX, UT, VA and Washington, DC. The fast casual restaurants occupy spaces of 3,500 sq.ft. to 4,400 sq.ft. in endcaps of power, strip, entertainment and specialty centers, as well as urban/downtown areas. Growth opportunities are sought throughout select markets of AZ, CA, CO, CT, FL, ID, IN, KY, LA, MA, MS, NJ, NV, NY, OK, PA, RI, TN, TX, UT, WA and WI during the coming 18 months. For more information, contact Director of Real Estate, Corner Bakery Cafe, 12700 Park Central Drive, Suite 1300, Dallas, TX 75251; 972-619-4154; Email: sites@cornerbakerycafe.com; Web site: www.cornerbakerycafe.com. (continued on page sixty-six)

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NEW CONSTRUCTION (continued from page four)

River Oaks Properties is developing Montana Commons, a development situated on 61.246 acres and located at the intersection of Montana and Loop 375 in El Paso, TX. Inline spaces, as well as pad sites for 6,000 sq.ft. and 12,000 sq.ft. buildings are available. Area retailers include Lowe’s Home Improvement and Cinemark. Area demographics include a population of 161,815 within a five-mile radius earning $56,281 as the average household income. The company is also developing Redd Road Crossing, located at the intersection of U.S. Interstate 10 and Redd Road in El Paso, TX. Shop spaces and outparcels are available. Area retailers include Kohl’s, Mattress Firm, Starbucks and Burger King. Area demographics include a population of 139,265 within a five-mile radius earning $71,552 as the average household income. The company is preleasing the 23,600 sq.ft. expansion of Tierra Del Norte, located along North Zaragoza in El Paso, TX. Area retailers include Subway and a proposed Walmart Neighborhood Market. Area demographics include a population of 209,647 within a five-mile radius earning $56,817 as the average household income. The company is also preleasing an expansion of The Shops on the Loop, located along Joe Battle in El Paso, TX. Inline spaces are available. Area retailers include JCPenney and Walmart. Area demographics include a population of 283,675 within a five-mile radius earning $46,730 as the average household income. For more information, contact River Oaks Properties, 106 Mesa Park Drive, El Paso, TX 79912; 915-225-5700; Web site: www.riveroaksproperties.com. Arcore Real Estate Group is preleasing a development located at the intersection of Ogden Avenue and Fairview Avenue in Downers Grove, IL. Up to 4,500 sq.ft. of space with a drive-thru, as well as a 5,358 sq.ft. space is available. Fresh Thyme Farmers Market is proposed to anchor the center. Area retailers include Five Guys Famous Burgers and Fries, Trader Joe’s, JewelOsco, Standard Market and Panera Bread. Area demographics include a population of 90,238 within a three-mile radius earning $111,463 as the average household income. The average daily traffic count along Fairview Avenue is 13,800 vehicles. For more information, contact Mike Streit or April Smith, Arcore Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-9085702/5703; Emails: mstreit@arcoregrp.com and asmith@arcoregrp.com; Web site: www.arcoregrp.com. Page 38 | December 12, 2014

Newmark Cornish & Carey is preleasing the following sites throughout CA: Almaden / 85, a 350,000 sq.ft. project in San Jose, with anchor and shop spaces available; phase one and two of Shops at the Ridge, a 299,000 sq.ft. development located at the intersection of 51st and Broadway in Oakland; a 26,855 sq.ft. site located along Bayshore Boulevard in San Francisco; a 35,000 sq.ft. project located at the intersection of Stanley and Bernal in Pleasanton; Centre Place II, a 25,000 sq.ft. center located at the intersection of North California Boulevard and Olympic Boulevard in Walnut Creek; The Green, located at the intersection of Interstate 580 and Hacienda Crossings with 40,000 sq.ft. of retail space available; Cherry Crossing, located at the intersection of Saratoga Road and Remington Drive in Sunnyvale, with a 1.5-acre ground lease available; The Verdant, located at the intersection of Zanker Road and Tasman Drive in San Jose, with 21,000 sq.ft. of retail and restaurant space available; 400 Main Street, a 12,500 sq.ft. project located at the intersection of First Street and Main Street in Los Altos; Vaca Valley Plaza, situated on five acres at the intersection of Vaca Valley Parkway and East El Monte Vista in Vacaville; Main Street Cupertino, a 130,000 sq.ft. development located at the intersection of Stevens Creek Boulevard and Tantau Avenue in Cupertino, with a divisible space of 20,000 sq.ft. available; Milbrae Transit Center, an 85,000 sq.ft. project in Milbrae and Shoppes at Livermore, a 120,000 sq.ft. shopping center located in Livermore. For more information, contact Newmark Cornish & Carey, 2804 Mission College Boulevard, Suite 120, Santa Clara, CA 95054; 408-727-9600, Web site: www.newmarkccarey.com. Kite Realty Group is developing the second phase of Holly Springs Towne Center, located at the intersection of NC55 and New Hill Road in Holly Springs, NC. Carmike Cinemas will tenant the site, which is slated for completion during 2015. Bed Bath & Beyond and DSW also anchor the second phase. Current cotenants include Target, Charming Charlie, Dick’s Sporting Goods, dressbarn, rue 21 and Marshalls. Area demographics include a population of 141,096 within seven miles earning $101,198 as the average household income. For more information, contact Gregg S. Poetz or Jason P. Samreny, Kite Realty Group, 30 South Meridian Street, Suite 1100, Indianapolis, IN 46204; 317-578-5153/561450-3036; Emails: gpoetz@kiterealty.com and jsamreny@kiterealty.com; Web site: www.kiterealty.com.

Petrovich Development Co. is proposing the development of a retail space situated on a 1.6-acre parcel at the intersection of East Street and Main Street in Woodland, CA. The center is slated to open by 2018. The company is also developing Curtis Park Village, a mixed-use development situated on 72 acres at the intersection of Sutterville Road and Crocker Drive in Sacramento, CA. The project will feature a 180,000 sq.ft. retail component; 286 single-family houses; 132 residential units and a twoacre park space with a water feature. Area draws include Sacramento City College. Safeway and Pet Extreme will anchor the center. Construction is slated to commence in late 2015. Area demographics include a trade-area population of 104,000 earning $71,458 as the average household income. For more information, contact Petrovich Development Co., 825 K Street, Suite 300, Sacramento, CA 95814; 916-4424600, Fax 916-442-6313; Web site: www.petrovichdevelopment.com. Baum Realty Group is preleasing the ground-level retail portion of a proposed development, located along West Chicago Avenue in Chicago, IL. Spaces up to 7,030 sq.ft. and 25,605 sq.ft. will be available. The site will feature a proposed 363-unit residential component and is slated for a 2016 delivery. Area retailers include CVS, US Bank, Subway and Dunkin’ Donuts. Area demographics include a population of 43,998 within a one-mile radius earning $115,064 as the average household income. The average daily traffic count is 17,900 vehicles along Chicago Avenue. The site is situated in front of bus stops along two major routes, featuring almost 12-million commuters annually. Area draws include United Center sports stadium. For more information, contact Allen Joffe or Doug Renner, Baum Realty Group, 1030 West Chicago Avenue, Chicago, IL 60642; 312-275-3120/3137; Emails: allen@baumrealty.com and doug.renner@baumrealty.com; Web site: www.baumrealty.com. Highwoods Properties is planning to develop Ovation, a mixed-use project situated on 145 acres at the intersection of Carothers Parkway and Ewen Drive in Cool Springs, TN. The project will feature 480,000 sq.ft. of retail space, 950 residential units and a 450unit boutique hotel. For more information, contact Highwoods Properties, 3100 Smoketree Court, Suite 600, Raleigh, NC 27604; 866-449-6637. (continued on page forty-two)

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APPAREL CHAINS EXPAND NATIONWIDE (continued from page thirty-four)

during the coming 18 months. Preferred demographics include a trade area population of 100,000 earning $100,000 as the average household income. For more information, contact Nathan Hoffman, 10 Spot / Madrag, 5601 West Side Avenue, North Bergen, NJ 07047; 201-3191400 Ext. 118, Fax 201-319-0111; Email: nhoffman@madragstores.com; Web site: www.madragstores.com. Anthropologie operates more than 185 locations nationwide and in Canada and Europe. The stores, offering women’s

apparel and accessories, occupy spaces of 10,000 sq.ft. in malls, lifestyle centers and street fronts. Plans call for 12 openings in 2015 nationwide and in Canada, as well as select areas of western Europe during the coming 18 months, with representation by The McDevitt Co. Preferred cotenants include Ann Taylor Loft, Apple, Banana Republic, Bloomingdale’s, Nordstrom and West Elm. Free People operates more than 95 locations nationwide and in Canada. The stores, offering women’s apparel and accessories, occupy spaces of 5,500 sq.ft. to 8,500 sq.ft. in malls, lifestyle centers and street fronts. Plans call 13 openings during

2015 nationwide and in Canada and select areas of western Europe during the coming 18 months, with representation by The McDevitt Co. Preferred cotenants include Barneys New York, Madewell, Michael Kors, Restoration Hardware, Sephora and Whole Foods. Urban Outfitters operates more than 230 locations nationwide and in Canada and Europe. The stores, offering men’s and women’s apparel, accessories and home décor items, occupy spaces of 8,000 sq.ft. to 15,000 sq.ft. in malls, lifestyle centers and street fronts. Plans call for three openings nationwide and in Canada during 2015, with representation by The McDevitt Co. Preferred cotenants include Anthropologie, Athleta, Chipotle, J.Crew, Uniqlo and Trader Joe’s. For more information regarding Anthropologie, contact Chelsea Walsh, The McDevitt Co., 1121 Admiral Peary Way, Philadelphia, PA 19112; 212-4544140; Email: cwalsh@mcdevittco.com; Web sites: www.mcdevittco.com and www.anthropologie.com. For more information regarding Free People or Urban Outfitters, contact Rachel Green, The McDevitt Co., 215-4544127; Email: rgreen@mcdevittco.com; Web sites: www.freepeople.com and www.urbanoutfitters.com. T.J. Maxx operates more than 1,090 locations nationwide. The stores, offering discounted designer apparel for men, women and children, as well as footwear, accessories and housewares, occupy spaces of 20,000 sq.ft. to 50,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought throughout Long Island and New York, NY during the coming 18 months, with representation by Ripco Real Estate. For more information, contact Peter Ripka, Richard Senior or Jeremy Isaacs, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516933-2514; Email: pripka@ripcony.com; Web site: www.ripcony.com. My Suit operates five locations throughout White Plains and New York, NY, as well as in PA. The stores, offering men’s tailored suits, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in downtown areas. Growth opportunities are sought throughout downtown Boston, MA and in midtown Manhattan, NY during the coming 18 months, with representation by Winick Realty Group. For more information, contact Young Byunn, Winick Realty Group, 655 3rd Avenue, 8th Floor, New York, NY 10017; 212-792-2645; Email: young@winick.com; Web site: www.mysuitny.com. DM

Page 40 | December 12, 2014

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KIN PROPERTIES LOCATIONS AVAILABLE FOR LEASE / SALE Owners of 725 Properties 30,000,000 SQFT

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Street Address

Size

412 N. Washington Street 12,730 sqft 3836 Castro Valley Boulevard 16,750 sqft 9786 Sierra Avenue 1,250 sqft 9788 Sierra Avenue 1,250 sqft 3150 Saviers Road 7,000 sqft 13711 Foothill Boulevard 2,642 sqft 1408-1418 Ottawa Street 6,000 sqft 2323 NW 13th Street 24,780 sqft 5002 Beaver Street 4,000 sqft 3769 East Tamiami Trail 2,625 sqft 5055 North 9th Avenue 44,228 sqft 201 Bougainvillea Drive 28,660 sqft 5038 Buford Highway 4,363 sqft 2063 Watson Boulevard 108,046 sqft 2861 East Homer M Adams Parkway 3,096 sqft 53 West North Avenue 20,000 sqft 1608 36th Wenzel Road 41,916 sqft 7911 N Michigan Road 13,000 sqft 5445 North Main Street 1.5 acres 1925 West 10th Street 6,547 sqft 245 State Road 4,396 sqft 215-223 W. Maple Road 6,000 sqft 5601 Mercury Drive 30,000 sqft 29600-B Ford Rd 15,124 sqft 8135 W. Houghton Lake Drive 44,459 sqft 3000 East Michigan Avenue 5,000 sqft 5230 South Westnedge Avenue Land Only 43169 Van Dyke 1,700 sqft 20725 Ecorse Road 8,400 sqft 3111 South Airport Road West 23,605 sqft West Road 1 - 4.7 acres 8355 University Ave NE 6,564 sqft 210 S. Second Street 15,000 sqft 544 McPherson Church Rd 3,000 sqft 2900 Leavenworth Street 38,080 sqft 42 N. Black Horse Pike Land Only 216 Haddonfield Road 3,384 sqft 7701 Broadview Road 20,992 sqft 900 Orthodox Street 83,868 sqft 3200 Knoxville Center Drive 45,795 sqft 4215 SW 45th Street Land Only 8000 Burnet Road 4,860 sqft 11066 Pecan Park Boulevard 31,595 sqft 11719 Webb Chapel Road 4,860 sqft 6479 Camp Bowie Road 57,777 sqft 2506 Belt Line Road 16,457 sqft 1495 Precinct Line Road Land Only 3113 North Belt Line Road 50,000 sqft 8800 Landmark Road 4,000 sqft 2825 NE Sunset Boulevard 16,416 sqft 5871 S. Packard Avenue 3,000 sqft 3015 Tower Avenue 89,010 sqft 435 W. Sunset Drive 2,340 sqft

Asking Rent

Sale Price

$5.00 $20.00 $12.00 $12.00 $16.00 $18.00 $4.00 $9.00 $12.00 $14.00 $9.00 $4.00 $14.00 $3.95 $11.00 $11.50 TBD $5.95 TBD $7.50 $12.00 $5.00 $9.95 TBD $4.80 $8.50 $12.00 $7.50 $9.95 $7.75 TBD $7.95 $3.50 $20.00 $5.25 TBD $20.00 $5.25 $6.00 $3.95 TBD $25.00 $9.50 $12.00 $5.00 $4.50 $20.00 $8.00 Sale Only $13.50 $12.00 $3.75 $12.50

$971,000 Lease Only Lease Only Lease Only Lease Only Lease Only $299,900 Lease Only $425,000 Lease Only Lease Only $995,000 Lease Only $3,750,000 Lease Only Lease Only Lease Only $595,000 Lease Only Lease Only Lease Only Lease Only Lease Only Lease Only $2,742,225 $525,000 Lease Only Lease Only $749,000 Lease Only TBD $395,000 $575,000 Lease Only Lease Only $449,999 Lease Only Lease Only Lease Only Lease Only $1,399,999 Lease Only Lease Only Lease Only Lease Only Lease Only Lease Only Lease Only $850,000 Lease Only $525,000 Lease Only $550,000

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NEW CONSTRUCTION (continued from page thirty-eight)

Trademark Property Co., in a joint effort with Sarofim Realty Advisors, is developing Waterside, a mixed-use development located on 63 acres near the intersection of Bryant Irvin Road and Arborlawn Drive in Ft. Worth, TX. The project will feature 200,000 sq.ft. of office space, a hotel component and a future Whole Foods, slated to open during spring 2016. For more information, contact Trademark Property Co., 1701 River Run, Suite 500, Ft. Worth, TX 76107; 817-8701122, Fax 817-810-5390; Web site: www.trademarkproperty.com. Levey & Co. is redeveloping Shoppes at Northway, a 405,234 sq.ft. mall located along McKnight Road in Pittsburgh, PA. Redevelopment plans include relocating the PetSmart store to an addition that will be built adjacent to Marshalls. Aldi and Shoe Carnival also anchor the center. The project is slated to be completed during 2016. For more information, contact Levey & Co., 1585 Frederick Boulevard, Akron, OH 44320; 330-253-6958, Fax 330-253-5242; Web site: www.leveycompany.com.

Beatty Management Co. is developing Dulles Landing, a 600,000 sq.ft. retail project situated on 80 acres at the intersection of Route 50 and Loudoun County Parkway in Loudoun County, VA. Outparcels will be available. Future cotenants will include Walmart, PetSmart, Dick’s Sporting Goods, T.J. Maxx, Michael’s and Famous Footwear. The site is located near the future development of 20,000 homes. Area demographics include a population of 180,310 within a seven-mile radius earning $133,346 as the average household income. The opening is slated for mid-2015. For more information, contact Ed Peters, Beatty Management Co., 6824 Elm Street, Suite 200, McLean, VA 22101; Email: epeters@beattycos.com. Merlone Geier Partners is developing Delta Shores, a 600,000 sq.ft. project located along Interstate 5 in Sacramento, CA. The site will feature a 189,636 sq.ft Walmart Supercenter. Construction will commence during summer 2015. For more information, contact Merlone Geier Partners, 425 California Street, Tenth Floor, San Francisco, CA 94104; 415-6939000, Fax 415-693-0480.

Harbor Bay Real Estate Developers is planning to develop a mixed-use project located at the intersection of London Road and 21st Avenue East in Duluth, MN. Plans will include 148 luxury residential units and four to five retail spaces. Construction is slated to begin during spring 2015. The project will have three levels at the front and six levels on the rear, enabling it to have unobstructed views of Lake Superior. For more information, contact Mark Bell, Harbor Bay Real Estate Developers; 608-2094492; Email: mark@harbor-bay.com; Web site: www.harbor-bay.com. Opus Group is planning to redevelop a mixed-use project at the intersection of Kellogg Boulevard and West Seventh Street in Minnetonka, MN. Plans will include retail space, multi-family housing, a hotel and public space components, as well as a public plaza and activity center surrounded on three sides by ground-level retail with outdoor seating and public art. For more information, contact Opus Group, 10350 Bren Road West, Minnetonka, MN 55343; 952-656-4444; Web site: D www.opus-group.com. M

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SEE US AT ICSC NEW YORK, BOOTH #416

BUYERS AND SELLERS (continued from page twenty-two)

Marcus & Millichap recently negotiated the sale of The Gateway to Miami Beach, a shopping center located at the intersection of 5th Street and Alton Road in Miami Beach, FL. At the time of the sale, tenants included Burger King and Pier 1 Imports. The property was acquired for $22.5 million and the company represented the seller and procured the buyer in the transaction. The company is also selling is selling a Smart & Final grocery store in Delano, CA. The tenant is bound to a 20-year NNN lease featuring 7.5% rent escalations every five years. Area demographics include a trade-area population of 839,361. The asking price is $5 million with a Cap rate of 6%. The company is also selling Middletown Shops, a 59,000 sq.ft. property consisting of four shopping centers in Louisville, KY. The retail buildings are outparcels to Walmart Supercenter and Target. Area retailers include Academy Sports, Ross Dress for Less and Hobby Lobby. The asking price is $15.212 million with a Cap rate of 7.27%. The company is selling the Shoppes of Coral Way, a 48,993 sq.ft. shopping center located in Miami, FL. The property is 100% occupied and Office Depot and CVS serve as anchors. The asking price is $22 million. The company is also selling Las Palmas Shopping Center, a 32,583 sq.ft. center situated on 3.61 acres along Babcock Street Northeast in Palm Bay, FL. The property is 91% occupied and tenants include Three Diamonds, Little Caesars, The UPS Store, Viva Wireless, H&R Block and Vapin Hookah. The average daily traffic count is 28,000 vehicles. The asking price is $3.765 million with a Cap rate of 9.41%. The company is also selling VF Factory Outlet, a 78,345 sq.ft. retail component of The Shoppes at Branson Meadows, located along Gretna Road in Branson, MO. The property is 100% occupied and tenants include Tuesday Morning, Tool Town USA, Ozark Quilts and More and Victory Frank Factory Outlet. The asking price is $4.8 million with a Cap rate of 9.81%. For more information regarding the site in Miami Beach, contact Scott Sandelin, Marcus & Millichap; Web site: www.marcusmillichap.com. For more information regarding the Delano property, contact John Glass or Matt LoPiccolo, 750 Battery Street, Suite 500, San Francisco, CA 94111; 415-625-2114/858-373-3156; Emails: john.glass@marcusmillichap.com and matt.lopiccolo@marcusmillichap.com. For more information regarding the Louisville property, contact Brian Munn, J. Chris Rea or Ethan Armentrout, 1100 Abernathy Road Northeast, Suite 600, Atlanta, GA 30328; 678-808-2767/2772/2814, Fax 810-454Page 44 | December 12, 2014

0470; Emails: brian.munn@marcusmillichap.com; chris.rea@marcusmillichap.com and ethan.armentrout@marcusmillichap.com. For more information regarding the Shoppes of Coral Way, contact Drew Kristol or Kirk Olson, 786-522-7000. For more information regarding the Palm Bay property, contact Marcus & Millichap, 300 South Orange Avenue, Suite 700, Orlando, FL 32801; 407-557-3800. For more information regarding the MO property, contact Marcus & Millichap, 5900 North Andrews Avenue, Suite 100, Ft. Lauderdale, FL 33309; 954-245-3400. Bull Realty, Inc. is selling a 25,000 sq.ft. shopping center consisting of two retail buildings and situated on 1.83 acres in Marietta, GA. The property is currently 79% occupied and anchored by TitleMax and Pizza Hut. Area demographics include a population of 203,000 within a five-mile radius earning $70,000 as the average household income. The asking price is $2.65 million with a Cap rate of 8.8%. For more information, contact Frank W. Meyrath, Jr. or Theresa Johnson, Bull Realty, Inc., 50 Glenlake Parkway, Suite 600, Atlanta, GA 30328; 404-876-1640 Ext. 129/109; Emails: fmeyrath@bullrealty.com and tjohnson@bullrealty.com; Web site: www.bullrealty.com. NAI Brannen Goddard is selling Centre at Lilburn, a 46,950 sq.ft. shopping center situated on 6.885 acres along Lawrenceville Highway in Lilburn, GA. The property is currently 95% occupied, with Walmart and Home Depot serving as shadow-anchors. Area demographics include a population of 230,878 within a five-mile radius earning $68,599 as the average household income. The average daily traffic count is 37,680 vehicles. The NOI is $660,955. The asking price is $8.4 million. For more information, contact Fain Hicks, NAI Brannen Goddard; 404-812-4094; Email: fhicks@naibg.com. Arroyo & Co. is selling a freestanding Lowe’s Home Improvement at San Bruno Towne Center, located in the Bay area of San Francisco, CA. The property is adjacent to a 974,000 sq.ft. mall anchored by Target, Sears, Century Theaters and JCPenney. The tenant is bound to a lease featuring 10% rent escalations every five years. For more information, contact Pedro Arroyo, David Kram and Laef Barnes, Arroyo & Co., 1015 West 2nd Place, Suite B, Mesa, AZ 85201; 415-273-2190/2183/2120; Emails: parroyo@a-c.com; dkram@a-c.com and lbarnes@a-c.com.

Goodman Real Estate Services Group, LLC is selling Lakewood Place Shopping Center, a 14,538 sq.ft. strip center in Lakewood, OH. The property is currently 100% occupied and tenants include Sprint, Menchie’s Frozen Yogurt, Great Clips, Cerny Shoes, GNC and Avalon Exchange. Area demographics include a population of 27,000 within a onemile radius earning $61,000 as the average household income. The asking price is $4.426 million with a Cap rate of 7.25%. For more information, contact Kyle Hartung, Goodman Real Estate Services Group, LLC, 25333 Cedar Road, Suite 305, Cleveland, OH 44124; 216381-8200, Fax 216-381-8211; Email: kyle@goodmanrealestate.com; Web site: www.goodmanrealestate.com. Stan Johnson Co. is selling a freestanding Barnes & Noble, located along Federal Highway in Ft. Lauderdale, FL. The tenant is bound to a 10-year lease. Area demographics include a population of 125,000 within a three-mile radius earning $73,000 as the average household income. The average daily traffic count is 53,000 vehicles. For more information, contact Craig Tomlinson, John Zimmerman or Garet Thompson, Stan Johnson Co., 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918-494-2690; Emails: ctomlinson@stanjohnsonco.com; jzimmerman@stanjohnsonco.com and gthompson@stanjohnsonco.com; Web site: www.stanjohnsonco.com. Sterling Organization recently acquired Roswell Village Shopping Center, a 145,082 sq.ft. shopping center located at the intersection of Highway 9 and Holcomb Bridge Road in Roswell, GA. At the time of acquisition, tenants included Goodyear, Pizza Hut, Jersey Mike’s and Curves. The property was acquired for $10.55 million. For more information, contact Lauren Burford, Sterling Organization, 340 Royal Poinciana Way, Suite 316, Palm Beach, FL 33480; 561-835-1810, Fax 561-833-4118; Email: lburford@sterlingorganization.com; Web site: www.sterlingorganization.com. Cohen Commercial Realty, Inc. is selling a retail property located between Atlantic Avenue and Woolbright Road in West Palm Beach, FL. The asking price is $4.8 million with a Cap rate of 7.5%. For more information, contact Bryan S. Cohen, Cohen Commercial Realty, Inc., 5041 Okeechobee Boulevard, West Palm Beach, FL 33417; 561-471-0212, Fax 561471-5905; Email: info@cohencommercial.com; Web site: www.cohencommercial.com. DM Dealmakers Magazine | www.dealmakers.net

LEASE SIGNINGS Royal Properties, Inc. (914-237-3403) recently negotiated a 10-year lease with Choice Pet Supply for 3,000 sq.ft. at The Village at Livingston, a 94,000 sq.ft. neighborhood shopping center located at the intersection of Route 10 and Eisenhower Parkway in Livingston, NJ. Jeff Kintzer and Farron Roboff of Royal Properties, Inc. represented the tenant in the transaction. The company also recently negotiated a 10-year lease with Panera Bread for a 4,000 sq.ft. endcap space with a drive-thru at Palisades Plaza, located along Route 303 in West Nyack, NY. David Landes and John Williams of Royal Properties, Inc. represented the landlord in the transaction. The Goldstein Group (201-703-9700) negotiated a lease with Ethan Allen for 10,000 sq.ft. at Marlton Square, located along Route 73 in Marlton, NJ. Matt Handwerker of The Goldstein Group represented the tenant and landlord in the transaction. Levin Management (201-796-7788) recently negotiated a lease with Buy Rite Liquor for 6,000 sq.ft. at Capitol Plaza, a 360,000 sq.ft. center in Ewing, NJ. Gloria Mercado of Levin Management negotiated the transaction.

Page 46 | December 12, 2014

First Western Properties (773-545-2000) recently negotiated a 10-year lease with Dollar Tree for 16,128 sq.ft. and with Metro PCS for space along South Stony Island Avenue in Chicago, IL. The company also negotiated a lease with Boost Mobile for space at the intersection of Western Avenue and 71st Street and a lease with Defibrillator Performance Art Gallery for 1,800 sq.ft. along West Chicago Avenue in Chicago, IL. Z Realty Group, LLC (201-867-1110) recently negotiated a lease with 7-Eleven for a 3,300 sq.ft. endcap space at a strip center located at the intersection of Kinderkamack Road and Main Street in River Edge, NJ. Zeynep Ekemen of Z Realty Group, LLC represented the landlord and Sam Bernhaut of CBRE represented the tenant in the transaction. Goodman Real Estate Services Group, LLC (216-381-8200) recently negotiated a lease with JoAnn Fabrics for space at Crossings of Sandusky in Sandusky, OH. Mike Solomon and Dan Clark of Goodman Real Estate Services Group, LLC represented the landlord and Steve Altemare of Goodman Real Estate Services Group, LLC represented the tenant in the transaction.

DLC Management Corp. (866-3526468) recently negotiated the following leases: with Metro PCS for 1,400 sq.ft. at Crossroads South in Jonesboro, GA; with AT&T Mobility for 2,216 sq.ft. at Imperial Plaza in Wappingers Falls, NY; with The Saddle Corner for 750 sq.ft. at Marketplace at Ocala in Ocala, FL; with Taco Bell for a ground lease at Peachtree Parkway Plaza in Norcross, GA; with Fitness Studio 365 for 1,560 sq.ft. at Ridgewood Farm in Salem, VA; with Allstate Insurance for 900 sq.ft. at Southwest Plaza in Roanoke, VA and with Wingstop for 2,000 sq.ft. at Tri-City Plaza in Vernon, CT. Charter Realty & Development (203227-2922) recently negotiated a lease with The Shade Store for 1,600 sq.ft. at Parker Harding Plaza, located along Main Street in Westport, CT. The tenant was represented by Penny Wickey of Saugatuck Commercial Properties. L3 Corp. (314-469-7400) recently negotiated a lease with Dollar Tree for 8,000 sq.ft. in Ste. Genevieve, MO. The company represented the landlord and tenant in the transaction. (continued on page forty-eight)

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QUALITY High Quality Grocery-Anchored Shopping Centers

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Year after year, UBP has consistently added well-located, quality shopping centers to our targeted portfolio, creating opportunities for investors and retailers alike. We seek additional grocery-anchored properties in communities surrounding New York City.

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UBP is a major grocery-anchored shopping center owner in the suburban Metro NY marketplace. UBP owns or has interests in 70 properties with a focus on Westchester, Putnam, Rockland and Nassau Counties, NY; Fairfield County, CT; and Bergen, Passaic and Essex Counties, NJ.

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LEASE SIGNINGS (continued from page forty-six)

Washington Property Co. (240-482-8110) recently negotiated a lease with True Food Kitchen for 6,400 sq.ft. at Solaire Bethesda, a mixed-use development located at the intersection of Wisconsin Avenue and Woodmont Avenue in Bethesda, MD. The development will also feature 139 luxury rental apartments. CBRE (305-428-6373) recently negotiated leases with Source Salon for 1,740 sq.ft., with The Brass Tap Beer Bar for 2,878 sq.ft., with Venetian Nail Spa for 2,420 sq.ft. and with Colada Cuban Coffee House & Eatery for

1,527 sq.ft. at The Manor @ Flagler Village, a mixed-use development located along North Federal Highway in Ft. Lauderdale, FL. The project will include a 382-unit apartment component and 22,476 sq.ft. of street-level retail space. The Fitzgerald Group, Inc. (954-7604360) recently negotiated a lease with Tres Leches Cakes by Kristoffer’s for 1,166 sq.ft. along Nob Hill Road in Tamarac, FL. The company also recently negotiated a lease renewal with Music Education Center, Inc. for 1,400 sq.ft. along Indian Trace Road in Weston, FL.

Royal Properties Inc.

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www.RoyalPropertiesInc.com Page 48 | December 12, 2014

CBRE | Raleigh (919-831-8200) recently negotiated the following leases throughout NC: with Plato’s Closet for 3,603 sq.ft. at Brier Creek North in Raleigh, with Charlie Coyne of CBRE | Raleigh representing the tenant in the transaction; with Mike’s Italian Restaurant for 2,800 sq.ft. at Knightdale Crossing Shopping Center in Knightdale, with Christina Coffey and Tiffany Barrier of CBRE | Raleigh representing the landlord in the transaction; with Jasmin Bistro for 2,525 sq.ft. along West Franklin Street in Chapel Hill, with Christina Coffey representing the tenant in the transaction; with Recharge Pilates for 2,503 sq.ft. along Patterson Place in Durham, with Charlie Coyne and Christina Coffey representing the landlord in the transaction and with Jersey Mike’s for 1,740 sq.ft. at Renaissance Center at Southpointe in Durham, with Reagan Crabtree of CBRE | Raleigh representing the tenant in the transaction. LandQwest Commercial (239-275-4922) recently negotiated the following leases throughout FL: with Dollar Tree for 9,775 sq.ft. at the intersection of Lee Boulevard and Westgate Boulevard in Lehigh Acres, with Bob Pekol of LandQwest Commercial representing the landlord in the transaction; with Marlow’s Tavern for 4,080 sq.ft. at Village Center, located along North Dale Mabry Highway in Tampa, with Jeremy Kral of LandQwest Commercial representing the tenant in the transaction; with In Living Color for 1,548 sq.ft. at Broadway Shoppes, located along South Tamiami Trail in Estero, with Carlos Acosta and Chuck Smith of LandQwest Commercial negotiating the transaction; with Tropical Smoothie Café for 2,110 sq.ft. along Boyscout Drive in Ft. Myers, with Carlos Acosta and Chuck Smith negotiating the transaction and with Marzela Boutique for 1,400 sq.ft. at The Designer Center, located along McGregor Boulevard in Ft. Meyers, with Adam Palmer and Bryan Myers of LandQwest Commercial representing the landlord in the transaction. Velocity Retail Group, LLC (310-779-9409) recently negotiated a lease with Krispy Kreme Doughnuts for 2,741 sq.ft. at the intersection of Interstate 10 and Dysart in Avondale, AZ. Andy Kroot of Velocity Retail Group, LLC represented the tenant and Jennifer Eggert of ZELL Commercial Real Estate Services represented the landlord in the transaction. (continued on page sixty-two)

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LEASING

M A N AG E M E NT

SALES

DE VE LOPMENT Millersville Commons

DEVELOPMENT North Cornwall Commons

Madison Farms

Overlook Town Center

Millersville Commons

Staples - Route 30

Trindle Run Center

Union Square S.C.

Plaza 15

Village Commons

Windsor Commons

South Hanover S.C.

Vornado 905 Loucks Road

Lebanon, PA Mixed-use New Development Breaking Ground Spring 2015

Millersville, PA Sheetz, Members 1st, Tropical Smoothie 1,600 - 7,000 SF Retail / Ofﬁce

Bethlehem, PA ShopRite, Starbucks & Subway Delivery Early 2015 York, PA Staples & DollarTree 11,605 SF (end-cap) sub-dividable

Lancaster, PA Buffalo Wild Wings & Chipotle 1,062 - 2,637 SF Retail / Ofﬁce

Mechanicsburg, PA Starbucks & Chipotle 6,000 & 7,000 SF sub-dividable

Village Commons

LEASING Harrisburg, PA 3,500 • 6,122 SF Weis, Get Air, Woodcraft & Starbucks Red Lion, PA 1,600 • 2,000 • 4,000 SF (end-cap) Giant, Dollar Tree & Wine & Spirits

Lewisburg, PA 1,400 - 28,800 SF • Pad Sites Big Lots, Peebles & Advance Auto

East Petersburg, PA +/- 750 - 3,000 SF Phase II- Now Open

Hanover, PA York, PA 1,600 • 1,606 • 1,800 SF • Pad Site 15,275 SF Giant Foods, Community Aid & Advance Auto Aldi Food Market & Ashley Furniture

LANCASTER OFFICE

120 North Pointe Blvd., Ste 301 Lancaster, PA 17601

YORK OFFICE

1200 Greensprings Dr. York, PA 17402

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LEVIN’S FEATURED OPPORTUNITIES IN NEW YORK

Mayfair Shopping Center I Commack, New York

GLA: 220,985 SF

Stein Mart to Open First Store in Long Island at Mayfair Shopping Center • 220,985-square-foot grocery-anchored center with national tenants situated on heavily traveled Jericho Turnpike

• Great demographics with a population of

205,313 within a 5-mile radius, and an average household income of $133,541 within just one mile

• Newly built 3,750-SF restaurant end cap along with spaces from 1,280 to 2,500 SF Leasing Contact: Jake Frantzman 908-226-5266 jfrantzman@levinmgt.com

Post Road Plaza I Pelham Manor, New York

GLA: 267,361 SF

Recent Signed Deals at Post Road Plaza

• 267,361-square-foot grocery-anchored center with national tenants situated directly at the junction of US 1, Pelham Parkway and the Hutchinson River Parkway

• Great demographics with a population of

1,154,384 estimated within a 5-mile radius

• Available inline spaces 16,088 and 3,000 SF and 32,763 SF on upper level Leasing Contact: Jordan Korris 908-226-5262 jkorris@levinmgt.com

Visit us at Booth #826 at the ICSC NY National Deal Making Conference on Dec. 8-9th 6 Decades of Creating Value for Owners of Retail Real Estate

LEVIN’S FEATURED OPPORTUNITIES IN NEW JERSEY

Clifton Plaza I Clifton, New Jersey

GLA: 80,000 SF

Soon to Open at Clifton Plaza

•

Anchored by Big Lots, Dollar Tree and newly built Blink Fitness, Clifton Plaza is located on busy Route 46 in Clifton, New Jersey

•

Great demographics with a population of 234,662 within a 3-mile radius, and an average household income of $78,027

•

Current opportunities include a 16,000-squarefoot space ideal for grocery tenant along with 1,532 and 2,365 SF Leasing Contact: Gloria Mercado 908-226-5270 gmercado@levinmgt.com

Stafford Park I Manahawkin, New Jersey

GLA: 650,000 SF New Development +/-125,000 SF Anchor with Junior Box, Inline, and Pad Sites along Garden State Parkway, Exit 63

•

Up to 32,000 SF in existing development. Anchor positions available for future ground-up project. Visible and directly accessible from Garden State Parkway. Adjacent to 7,000 newly built residential units

•

National big box co-tenancy and regional draw with key tenants including Target, Costco, Best Buy, Dick’s Sporting Goods, PetSmart, Olive Garden and Ulta Leasing Contacts: Jake Frantzman 908-226-5266 jfrantzman@levinmgt.com Marcia Minton 908-226-5268 mminton@levinmgt.com

95 PROPERTIES 13 MILLION SQ. FT.

Leasing I Property Management I Construction & Development 800.488.0768 I LEVINMGT.COM

LEAD SHEET Hobby Lobby Matthew Abnet 7707 Southwest 44th Street Oklahoma, OK 73179 405-745-1492 Email: matthew.abnet@hobbylobby.com Web site: www.hobbylobby.com

Arts/Crafts/Fabrics The chain operates more than 600 locations nationwide in 48 states. The stores, offering arts, crafts, frames, home accents and fabrics, occupy spaces of 55,000 sq.ft. in regional and super regional shopping centers. Growth opportunities are sought throughout the continental U.S. during the coming 18 months. Preferred cotenants include junior and big box retailers. Preferred demographics include a trade-area population earning $30,000 to $90,000 as the median household income.

Michaelâ&#x20AC;&#x2122;s Jeremy Isaacs c/o Ripco Real Estate 420 Jericho Turnpike, Suite 100 Jericho, NY 11753 516-933-8880, Fax 516-933-2514 Email: jisaacs@ripcony.com Web site: www.ripcony.com

Arts/Crafts/Fabrics The chain operates more than 1,200 locations nationwide and in Canada. The stores offering, arts and crafts, seasonal merchandise, home dĂŠcor and framing products, occupy spaces of 18,000 sq.ft. to 25,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout Long Island and New York, NY during the coming 18 months, with representation by Ripco Real Estate. The company will consider multi-level locations in New York, NY.

AutoZone, Inc. dba AutoZone PO Box 2198 Memphis, TN 38101 Web site: www.autozonerealestate.com

Automotive The 5,400-unit chain operates locations nationwide and in Mexico, Puerto Rico and Brazil. The automotive parts and accessories shops occupy 5,400 sq.ft. to 7,200 sq.ft. freestanding locations and inline spaces of shopping centers. Growth opportunities are sought during the coming 18 months. For more information regarding expansion throughout select markets nationwide, and to submit a site, go to www.autozoneinc.com/about_us/real_estate/new_store_development.html.

Firestone Andrew Bonica c/o Eastern Retail Properties 25 Braintree Hill Office Park, Suite 305 Braintree, MA 02184 781-849-9010, Fax 781-849-9050 Email: abonica@easternretail.com Web site: www.easternretail.com

Automotive The chain operates 2,200 locations nationwide. The automotive tire and service centers occupy spaces of 8,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout MA, ME, NH and RI during the coming 18 months, with representation by Eastern Retail Properties. The company prefers to acquire land areas of one to two acres.

Somerset Tire Service, Inc. dba STS Tire and Auto Center Ted Haase 1 STS Drive / PO Box 5936 Bridgewater, NJ 08807 732-356-8500 Ext. 353, Fax 732-356-8821 Email: thaase@ststire.com Web site: www.ststire.com

Automotive The 150-unit chain operates locations throughout NJ, NY and PA. The automotive tire and service centers occupy spaces of 5,600 sq.ft. in freestanding locations. Plans call for 10 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 30,000 within three miles earning $60,000 as the average household income. Major competitors include Goodyear and Firestone. A land area of one acre is required.

T.L.E. Holding Corp. dba The Learning Experience Nick Vanella or Chad Weissman 4855 Technology Way, Suite 700 Boca Raton, FL 33431 561-886-6400 Ext. 273/244, Fax 561-886-6433 Emails: nvanella@tlecorp.com and cweissman@tlecorp.com Web site: www.thelearningexperience.com

Childcare The 136-unit chain operates locations throughout CA, CO, CT, DE, FL, IL, MA, MD, MI, NC, NH, NJ, NY, OH, PA, TX, VA and WA. The childcare learning centers occupy spaces of 10,000 sq.ft. in freestanding locations. Growth opportunities are sought during the coming 18 months. Typical leases run 15 years with a minimum of two, five-year options. Turnkeys and build-to-suits are preferred. Preferred demographics include a population of 75,000 within five miles earning $75,000 as the average household income. The company is franchising. For more information regarding expansion throughout AZ, southern CA, CO, OR, SC, TX and WA, contact Chad Weissman. For more information regarding expansion throughout CO, CT, MD, NJ, OH, TX and VA, contact Essie Kronstat; Ext. 294 - Email: ekronstat@tlecorp.com. For more information regarding expansion throughout northern CA, FL, IL, MA, MI, NC, NH, NJ, NY, PA and TN, contact Nick Vanella.

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December 12, 2014 | Page 53

LEAD SHEET Sally Beauty Holdings, Inc. dba Sally Beauty Supply James Kennemur 3001 Colorado Boulevard Denton, TX 76201 800-777-5706 Ext. 4710 Email: jkennemur@sallybeauty.com Web site: www.sallybeauty.com

Cosmetics The chain operates locations nationwide and internationally. The beauty supply stores occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in shopping centers. Growth opportunities are sought throughout CT, MA, ME, NH, NY, RI and VT during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include national grocery stores, discount, and apparel or drug store retailers. The company also trades as CosmoProf / Armstrong McCall at locations throughout the continental U.S. and Canada. The stores, offering beauty supplies and salon products for professionals, occupy spaces of 1,400 sq.ft. to 2,500 sq.ft. in freestanding locations, shopping centers and unanchored strip centers. Growth opportunities are sought throughout CT, MA, ME, NH, NY, RI and VT, during the coming 18 months. The company operates more than 4,700 locations.

Five Below, Inc. dba Five Below Zach Minteer and Doug Walrod 1818 Market Street, Suite 1900 Philadelphia, PA 19103 215-546-7909, Fax 215-546-8099 Email: real_estate@fivebelow.com Web site: www.fivebelow.com

Discount The 366-unit chain operates locations throughout AK, AL, CT, DE, FL, IL, IN, KY, LA, MA, MD, ME, MI, MN, MO, NC, NH, NJ, NY, OH, PA, RI, SC, TN, TX, VA and WV. The stores, offering trend right products for teens and pre-teens and priced between $1 and $5 dollars, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in regional outlet, power and strip centers. Plans call for more than 100 openings throughout the existing markets during the coming 18 months.

AMC Theatres Jerry Welkis c/o Welco Realty 2525 Palmer Avenue New Rochelle, NY 10801 914-576-7500, Fax 914-576-7596 Email: jwelkis@welcorealty.com Web site: www.welcorealty.com

Entertainment The chain operates more than 340 locations nationwide. The movie theaters occupy spaces of 50,000 sq.ft. to 75,000 sq.ft. in freestanding locations, shopping centers and urban/ downtown areas. Growth opportunities are sought throughout CT, NJ and NY during the coming 18 months, with representation by Welco Realty.

Regal Entertainment Group Bill Farkas c/o Jeffery Realty, Inc. 116 Route 22 East North Plainfield, NJ 07060 908-668-9600, Fax 908-668-5225 Email: bfarkas@jefferyrealty.com Web site: www.jefferyrealty.com

Entertainment The 574-unit chain operates locations nationwide and internationally. The movie theaters occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in lifestyle, mixed-use and power centers. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty, Inc. The company prefers to locate in power and mixed use centers with a minimum GLA of 200,000 sq.ft. of retail and restaurant tenants, and in lifestyle centers with a minimum GLA of 400,000 sq.ft. of fashion and restaurant tenants. Preferred demographics include a population of 120,000 within a five mile radius earning $50,000 as the median household income.

Silverspot Cinema Mathew Focht c/o Emerging Concepts 411 North LaSalle Street, Suite 300 Chicago, IL 60654 312-878-8000 Email: mfocht@emerging-concepts.com Web site: www.emerging-concepts.com

Entertainment The company operates a location in Naples, FL. The movie theater prefers to occupy spaces of 40,000 sq.ft. in lifestyle and mixed-use centers. Growth opportunities are sought nationwide during the coming 18 months, with representation by Emerging Concepts.

Crunch Fitness Chris Wierzbicki c/o Pliskin Realty & Development 591 Stewart Avenue, Suite 100 Garden City, NY 11530 516-997-0100 Ext. 312 Email: chris@pliskinrealty.com Web site: www.pliskinrealty.com

Fitness The chain operates more than 75 locations throughout CA, CT, FL, MA, NJ, NY, OR, PA, TX, VA, WA and Washington, DC and Puerto Rico. The fitness centers occupy spaces of 17,000 sq.ft. to 22,000 sq.ft. in freestanding locations, power and strip centers, as well as urban/ downtown areas. Growth opportunities are sought throughout Nassau and Suffolk, NY during the coming 18 months, with representation by Pliskin Realty & Development.

Page 54 | December 12, 2014

Dealmakers Magazine | www.dealmakers.net

LEAD SHEET Orangetheory Fitness Daniel Adelstein 1815 Cordova Road, Suite 203 Ft. Lauderdale, FL 33316 954-618-6631, Fax 954-530-5579 Email: dadelstein@orangetheoryfitness.com Web site: www.orangetheoryfitness.com

Fitness The chain operates more than 120 locations nationwide and in Canada and internationally. The fitness centers occupy spaces of 2,600 sq.ft. in upscale retail strip centers. Plans call for 120 openings nationwide and internationally during the coming 18 months.

Title Boxing Club Alex Bieri c/o Stokas Bieri Real Estate 660 Woodward Avenue, Suite 1500 Detroit, MI 48226 313-962-2800, Fax 313-962-5070 Web site: www.stokasbieri.com

Fitness The chain operates more than 115 locations nationwide. The facilities, offering boxing, kickboxing and personal training services, occupy spaces of 3,500 sq.ft. to 6,000 sq.ft. in freestanding locations, neighborhood and strip centers, and outparcels of malls. Growth opportunities are sought throughout MI during the coming 18 months, with representation by Stokas Bieri Real Estate.

Great Clips Belinda Avera 2454 Arcadia Drive Acworth, GA 30101 770-529-7252, Fax 770-529-5370 Email: belinda.avera@greatclips.com Web site: www.greatclips.com

Hair The chain operates more than 3,500 locations nationwide and in Canada. The family hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in power and strip centers. Growth opportunities are sought throughout AL, AR, FL and in Atlanta, Augusta, Columbus, Macon and Savannah, GA and TN during the coming 18 months.

Urgent Care Centers Daniel Neaton c/o Saugatuck Commercial Real Estate, LLC 9 Burr Road Westport, CT 06880 203-222-4190, Fax 203-222-4186 Email: dneaton@saugatuckcommercial.com Web site: www.saugatuckcommercial.com

Healthcare The nine-unit chain operates locations throughout CT. The healthcare facilities occupy spaces of 2,800 sq.ft. to 3,500 sq.ft. in freestanding locations, power and strip centers, as well as urban areas. Growth opportunities are sought throughout Putnam and Westchester counties in NY and the New England region during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC.

Clean Rite Steve Lorenzo or Karnit Mosberg c/o Friedland Realty Advisors 656 Central Park Avenue Yonkers, NY 10704 914-968-8500 Email: s.lorenzo@friedlandrealty.com Web site: www.friedlandrealty.com

Laundromats The chain operates more than 40 locations throughout the New York, NY metropolitan area. The laundromats occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout the Bronx, Westchester County and the New York, NY metropolitan area during the coming 18 months, with representation by Friedland Realty Advisors.

Pet Goods Larry Liebowitz c/o Landmark RE Co. 392 Main Street Wyckoff, NJ 07481 201-560-1800, Fax 201-560-0600 Email: ll@landmarkreco.com Web site: www.petgoods.com

Pet Supplies The four-unit chain operates locations throughout NJ and NY. The pet supply stores occupy spaces of 12,000 sq.ft. to 16,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout NJ and NY, excluding Long Island, during the coming 18 months, with representation by Landmark RE Co. The company will be operating five locations by the end of the year.

Dealmakers Magazine | www.dealmakers.net

December 12, 2014 | Page 55

LEAD SHEET PetSmart Craig Wielansky c/o L3 Corp. 211 North Lindbergh Boulevard, Suite 150 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: craig@l3corp.net Web site: www.l3corp.net

Pet Supplies The 1,352-unit chain operates locations nationwide and in Canada and Puerto Rico. The pet supply stores occupy spaces of 6,000 sq.ft. to 12,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout MO during the coming 18 months, with representation by L3 Corp.

Angel Tips Nail Salon Jeff Kintzer c/o Royal Properties, Inc. 850 Bronx River Road Bronxville, NY 10708 914-237-3403, Fax 914-237-0196 Email: jeff@royalpropertiesinc.com Web site: www.royalpropertiesinc.com

Service The 65-unit chain operates locations throughout CT, NJ and NY. The shops, offering manicures, pedicures and spa services, occupy spaces of 800 sq.ft. to 3,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Royal Properties, Inc.

Hand & Stone â&#x20AC;&#x201C; Massage and Facial Spa Ed Gerwig c/o National Commercial Brokers 381 Elliot Street, Suite 185L Newton Upper Falls, MA 02464 617-243-0222, Fax 617-243-0277 Email: ed@nationalcommercial.com Web site www.nationalcommercial.com

Service The chain operates more than 100 locations nationwide. The facilities, offering massage, facial and waxing services, occupy spaces of 2,400 sq.ft. in freestanding locations, power and strip centers, as well as urban areas. Growth opportunities are sought throughout MA and NH during the coming 18 months, with representation by National Commercial Brokers.

Fabco Shoes Sean Philipps of Adam Langer C/o Zelnik & Co. Real Estate 424 Madison Avenue New York, NY 10017 212-223-2200 Emails: sean@zelnikco.com and adam@zelnikco.com Web site: www.zelnikco.com

Shoes The chain operates 54 locations throughout NJ and NY. The stores, offering family footwear and accessories, occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in street front locations. Growth opportunities are sought throughout the surrounding boroughs of New York, NY during the coming 18 months, with representation by Zelnik & Co. Real Estate. Preferred demographics include a trade-area population of 75,000 earning a maximum median household income of $65,000.

Sola Salons Tim McNamara c/o Sullivan Hayes Cos. 10 Waterside Drive, Suite 200 Farmington, CT 06032 860-470-1977, Fax 860-679-5260 Email: tmcnamara@sullivanhayesne.com Web site: www.solasalonstudios.com

Specialty The 100-unit chain operates locations nationwide throughout 32 states. The facilities, providing spaces for hair styles, nail technicians, massage therapists and salon professionals to work, occupy spaces of 6,000 sq.ft. in specialty centers and office developments. Growth opportunities are sought throughout Hartford and Middlesex counties in CT during the coming 18 months, with representation by Sullivan Hayes Cos.

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 56 | December 12, 2014

Dealmakers Magazine | www.dealmakers.net

MANAGEMENT LLC

Prime Leasing Opportunities!

18+ million sf 200+ retail projects

RD Management LLC 810 Seventh Avenue 10th floor New York, NY 10019 1-800-2-OCCUPY 212-265-6600 x239 Thomas G. Mirandi 212-459-9133 fax tmirandi@rdmanagement.com

PUERTO RICO

Future Development Sites Anchor Positions In-Line Space End-Caps Outlots RD Management LLC ranked #31 out of the Top 100 Retail Real Estate Owners!

18+ Million Square Feet northeast MASSACHUSETTS Billerica Shops at Billerica Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 275,000 SF GLA / Anchor Space Available Lowell Meadow Brook Center Plain Street & Lowell Connector Target, Marshalls, Chuck E. Cheese Pad Site Available 271,377 SF GLA

NEW YORK Cortland Future Development NEW Route 13 & Bennie Road 26 Acres across from Walmart Glenville/Scotia (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. 174,000 SF GLA - In-Line Space Available Lake Ronkonkoma Lake Shore Plaza II Portion Rd. (Co. Rd. 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree - 94,826 sf GLA

Milford Milford Crossing Medway St. & Beaver St. @ I-495 New Anchor Opportunities 140,470 SF GLA Future Expansion Space Available NEW JERSEY Marlton (Evesham) Shoppes at Renaissance Square Route 70 & N. Locust Avenue 176,519 SF GLA Plus Luxury Rental Homes Major Redevelopment Underway

Mt. Olive Vacant Land - 16.963 Acres Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx

Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Walmart, Home Depot, BJ’s, Target 687,716 SF GLA Future Phase III Office or Retail

Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Meijer - Up to 12,000 SF Outlot, B-T-S

Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples - 250,000 SF GLA

INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA

Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Future Strip, Pads Available

Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store - 134,797 SF GLA Anchor Space & Outlots Available

Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office - 21,212 SF GLA

Warsaw The Market Place at Warsaw U.S. Hwy. #30 & Water St. Carson's Dept. Store, Sears, Dunham's, Pier 1 180,000 SF GLA

NEW

Water Mill (Southampton) Water Mill Shoppes Montauk Hwy. (Rte. 27) & Station Rd. Prime for Specialty Foods & Boutiques

NEW

Vineland Vineland Marketplace S. Delsea Dr. (Route 47) & College Dr. Future Development Anchor Space / Outlots Available

PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 135,000 SF GLA / 9.82 Acres Available

Vineland Kmart Plaza Expansion S. Delsea Dr. (Route 47) & Route 55 Kmart, TD Bank Two Parcels: 4.302 & 4.486 Acres Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 85,000 SF GLA Anchor Space Available

midwest ILLINOIS Downers Grove Marshall’s at The Grove, 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF

Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 77,360 SF GLA Parsippany Future Development Route 46 (Bloomfield Ave.) & Waterview Blvd. Proposed Supermarket Anchor, In-Line & Pads Available

Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads

Latham/Colonie (Albany) Freestanding Building Route 7 & Swatling Rd. 118,863 SF GLA Anchor & Outlot Available

UPDATED

PENNSYLVANIA Quakertown NEW New Anchor Space at Richland Marketplace Rt. 309 & Pumping Station Road BJ’s Wholesale Club, Target, Best Buy 444,531 SF GLA

MICHIGAN Flint (Former) Kmart Shopping Center Dort Hwy.(Rte. 54) & Atherton Hwy. 92,691 SF GLA Grand Blanc Holly Rd. & I-75 Vacant Land / 22 Acres For Sale

Carlisle Home Depot Shopping Center Hanover Street (Route 34) & I-81 Home Depot, Chili’s - 140,715 SF GLA 10,584 SF Future Expansion/Pad

Livonia Office Depot Plaza Plymouth Rd. & Middlebelt Rd. Office Depot, Party City, Walgreens 108,820 SF GLA

Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte 309 & Rte 202 BJ's, Lowe's - Anchor Space Available 133,000 sf GLA

Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available

NEW

RDMANAGEMENT LLC

Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133

200+ Retail Projects MICHIGAN Port Huron Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Sandusky Kmart Shopping Center M-19 & Gates Rd. 176,248 SF GLA - Anchor Space Available Southgate Fort St. & Burns Ave. Vacant Land – 9.37 Acres MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA 18,440 SF Expansion & Pad

FLORIDA Gainesville Mixed Use Development NW 13th St & University Avenue 26,000 SF Ground Floor Retail 312,498 SF Mixed Use 6-Story Bldg

VIRGINIA Winchester Winchester Plaza S. Pleasant Valley Rd. & E. Jubal Early Dr. Anchor Space Available 88,479 SF GLA

Lakeland The Groves US Hwy 98 N & Lakeland Park Center Drive Adjacent to Lakeland Square Mall 54,434 SF GLA plus 5.8 Acres for B-T-S

WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 230,000 SF GLA

NEW

Ocala Shady Oaks Shopping Center SW 27th Ave & College Rd Burlington Coat Factory, Best Buy, Staples, JoAnn Fabrics 260,419 SF GLA

NEW

Sanford Seminole Centre S Orlando Dr. (Hwy. 17/92) & Lake Mary Blvd. Walmart Supercenter, Ross, Aldi 370,936 SF GLA

Columbus Great Western Commerce Center No. Wilson Rd. & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space NEW

Holland (Toledo) Dick’s at Spring Meadows Place Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Space

NEW

Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block So. of Navarre Ave. (Rte. 2) & Kmart

south ALABAMA Huntsville NEW Freestanding Walmart South Memorial Parkway & Drake Ave. SW 104,000 SF on 8.1 Acres FLORIDA Fern Park Fern Park Plaza Semoran Blvd. (Hwy. 436) & Hwy. 17/921 Ross, Beall's Outlet, Aldi, Deals 131,646 SF GLA Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. Near Hwy. 436 - 153,650 SF GLA

NEW

RDMANAGEMENT LLC

NEW

KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 272,000 SF GLA / In-line Space & Pad MARYLAND Hagerstown Long Meadow Shopping Center Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market - 243,000 SF GLA Anchor Space/Pad Available Randallstown Brenbrook Plaza Liberty Rd. & Brenbrook Dr. Home Depot - 139,000 SF GLA TENNESSEE Nashville NEW Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Conference Dr. New Anchor Opportunities 111,460 SF GLA

NEW

west ARIZONA Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA Anchor Space & Pad Available Las Vegas Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart - 86,479 SF GLA OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA UTAH Salt Lake City 410 S. 900 E. & 400 S. Freestanding Office Max Future Redevelopment

puerto rico

TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA

PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available

VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. 4.97 Acres & 5.23 Acres Available

Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads 525,000 ± SF GLA

Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133

Outlots Available northeast MASSACHUSETTS Lowell Meadow Brook Center Plain Street & Lowell Connector Target, Marshalls, Chuck E. Cheese Pad Site Available - 271,377 SF GLA NEW JERSEY Marlton (Evesham) Shoppes at Renaissance Square Route 70 & N. Locust Avenue 176,519 SF GLA Plus Luxury Rental Homes Major Redevelopment Underway

UPDATED

Mt. Olive Route 46 & International Dr. 16.963 Acres Vacant Land Available Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, Lowe’s, TJ Maxx Parsippany Future Development Route 46 (Bloomfield Ave.) & Waterview Blvd. Proposed Supermarket Anchor, In-Line & Pads Available

NEW YORK Orangetown Orangeburg Commons Route 303 & Pallisades Parkway Super Stop & Shop, Residence Inn Pads Available PENNSYLVANIA Carlisle Home Depot Shopping Center Hanover St. (Route 34) & I-81 Home Depot, Chili’s Outlot Available up to 10,584 SF Bldg. Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Rte. 222) & Grange Rd. Outlots Available up to 20,000 SF

midwest ILLINOIS Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Meijer Up to 12,000 SF Outlot, B-T-S

NEW

Vineland Vineland Marketplace Delsea Drive (Route 47) & Route 55 Future Development Outlots Available

INDIANA Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose’s Department Store Former Gas Station w/ 6 Pumps & C-Store New Outlot Also Available

Kmart Plaza Expansion S. Delsea Dr. (Route 47) & Route 55 Kmart, TD Bank Two Parcels: 4.302 & 4.486 Acres Across from Cumberland Mall

MICHIGAN Grand Blanc Vacant Land Holly Rd. & I-75 22 Acres For Sale

NEW YORK Cortland NEW Future Development Route 13 & Bennie Road 26 Acres across from Walmart Outlots Available Deer Park Kohl’s Plaza Commack Rd. & Grand Blvd. Kohl’s, Super Stop & Shop 182,875 SF GLA/ Future Pad Bldg. Latham/Colonie (Albany) Freestanding Building Route 7 & Swatling Rd. Up to 10,000 SF Outlot Available Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Walmart, Home Depot, BJ’s, Target, TJ Maxx 687,716 SF GLA Outlots Available

RDMANAGEMENT LLC

Port Huron Port Huron Shopping Center Howard St. & 24th St. Big Lots, Save-A-Lot Outlot Available up to 2,500 SF OHIO Ashtabula Home Depot Plaza Route 20 & Orchard Rd. Outlot Available NEW

Columbus Great Western Commerce Center N. Wilson Rd & Valleyview Dr. at Broad St. 300,254 SF GLA Mixed Use Commercial Space Outlots Available

OHIO Oregon (Toledo) Vacant Land; 4.645 Acres Dustin Rd. & Isaac Street Dr. One Block south of Navarre Ave. (Route 2) & Kmart

south FLORIDA Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17-92 & Fernwood Blvd. near Hwy. 436 - 153,650 SF GLA Anchor Space & Outlots Available

NEW

KENTUCKY Ashland Russell Centre Dierderich Blvd. & Route 23 Lowe’s, Super Kroger New 5,000 SF Pad Site VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. Outlots Available

west NEVADA Las Vegas E. Sahara Ave. & McLeod Dr. Kmart Plaza 10,945 SF Pad Building

puerto rico PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development - Outlots Available Ponce Reina del Sur & Ponce Towne Center Outlots Rte. 2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter Outlots Available

Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133

SOURCES OF FINANCING Cronheim Mortgage recently negotiated $11.5 million in interest-only financing with a 15-year term for Brook 35 Plaza, an 80,877 sq.ft. lifestyle center, located along Route 35 in Sea Girt, NJ. Tenants include Chico’s, Coach and Williams-Sonoma. The loan was placed with American General Life Insurance Co. and National Union Fire Insurance Co. For more information, contact Dev Morris or Andrew Stewart, Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; Emails: dev.morris@cronheimmortgage.com and andrew.stewart@cronheimmortage.com. Envoy Net Lease Partners provides up to 95% equity financing for net lease retail properties. The company provides up to 95% gap financing for transactions up to $10MM in project costs for single-tenant development projects nationwide. Also, it provides high-leverage construction loans offering 95% LTC for single-tenant, build-tosuit properties. For more information contact Ralph Cram, Envoy Net Lease Partners,1363 Shermer Road, Ste. 320, Northbrook, Il 60062;847239-7250; Web site: www.envoynnn.com. Madison Realty Capital recently negotiated $66 million in financing for a 100,500 sq.ft. mixed-use property, along with a 24,000 sq.ft. retail condominium, located at the intersection of Main Street and Sanford Avenue in Flushing, NY. For more information, contact Madison Realty Capital, 55 East 59th St, 17th Floor, New York, NY 10022; 212-759-9001; Email: info@mcapny.com. BB&T recently negotiated $9.1 million in refinancing for Windsor Square Shopping Center, a 299,329 sq.ft. shopping center located in Knoxville, TN. Old Time Pottery Co. anchors the site, with Burlington, Big Lots and Carmike Cinemas. For more information, contact BB&T; 800226-5228; Web site: www.bbt.com. JEL Capital offers financing for retail, mixeduse and grocery-anchored shopping centers. Loans feature loan-to-value rates of up to 75% with interest only and 12 to 60 month terms. For more information, contact JEL Capital; 240-752-8830; Web site: www.jelcapital.com. Mark One Capital, a subsidiary of Marcus & Millichap, recently negotiated a $5.1 million acquisition loan for a 9,227 sq.ft. shopping center located in Greensboro, NC. The 15year loan features an amortization period of 15 years and an interest rate of 4.125%. For more information, contact Gina Relva, Marcus & Millichap; 925-953-1716. DM Dealmakers Magazine | www.dealmakers.net

www.envoynnn.com S ee us ICSC at B o o t h N YC 1456

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December 12, 2014 | Page 61

LEASE SIGNINGS (continued from page forty-eight)

NewQwest Properties (281-477-4374) recently negotiated the following leases throughout TX: with Pizza Hut for 1,544 sq.ft. at Chambers Town Center, located at the intersection of Interstate 10 and Highway 146 in Baytown, with Bob Conwell and Brad Elmore of NewQwest Properties representing the landlord and Jon Jamison of NewQwest Properties representing the tenant in the transaction; with State Farm Insurance for 1,635 sq.ft. at Woodlands Plaza, located at the intersection of Interstate 45 and FM 1488 in Conroe, with Heather Nguyen and Caitlin Jones of NewQwest Properties representing the landlord and Robert Frakes of NewQwest Properties representing the tenant in the transaction; with Dunkin’ Donuts/Baskin Robbins for 2,800 sq.ft. at Bingle Crossing, located along Highway 290 in Houston, with Josh Friedlander of NewQwest Properties representing the landlord and Jonathan Hicks of EDGE representing the tenant in the transaction; with Shogun Japanese Grill and Sushi Bar for 5,192 sq.ft. at North Tarrant Marketplace, located at the intersection of North Tarrant and Precinct Line Road in North Richland Hills, with Ryan Smith of NewQwest Properties representing the landlord and Bob Conwell representing the tenant in the transaction; with SH Salon for 1,400 sq.ft. at Fairfield Marketplace, located at the intersection of Highway 290 and Mason Road in Cypress, with Bob Conwell and Rachael Keener of NewQwest Properties representing the landlord in the transaction; with Rilion Gracie JiuJitsu Academy for 2,673 sq.ft. at Township Square, located at the intersection of Murphy Road and Township Lane in Missouri City, with Josh Friedlander of NewQwest Properties representing the landlord in the transaction; with Domino’s for 1,400 sq.ft. and with Andy’s Frozen Custard for a location on a 50,693 sq.ft. pad site at Stone Hill Town Center, located at the intersection of SH 130 and SH 45 in Pflugerville, with Josh Friedlander and Rebecca Le of NewQwest Properties representing the landlord in both transactions. Passov Real Estate Group (216-831-8100) recently negotiated the following leases throughout OH: with Moe’s Southwest Grill for 3,054 sq.ft. along Mentor Avenue in Mentor, with Tori Nook of Passov Real Estate Group representing the tenant in the transaction; with Mattress Firm for 4,000 sq.ft. along Milan Road in Sandusky, with Tori Nook representing the tenant in the transaction; with Eagle Rental for 4,702 sq.ft. at Shore Center Plaza in Euclid, with Tori Nook and Greg Guyuron of Page 62 | December 12, 2014

Passov Real Estate Group representing the landlord, Jameson Properties, in the transaction; with T-Mobile for 1,825 sq.ft. at Trinity Square, located at the intersection of Howe Road and Bucholzer Boulevard in Cuyahoga Falls, with Tori Nook representing the landlord in the transaction; with Dollar Tree for 7,700 sq.ft. at Lakeside Shopping Center in Mentor-onthe-Lake, with Tori Nook representing the tenant in the transaction; with Skechers Shoes for 6,917 sq.ft. at The Plaza at Chapel Hill in Cuyahoga Falls, with Tori Nook representing the tenant in the transaction and with Panera Bread for 4,240 sq.ft. at Guernsey Crossings in Chillicothe and for 4,200 sq.ft. at The Shoppes of Parma in Parma, with Tori Nook representing the tenant in both transactions. CBRE | Hampton Roads (757-490-3300) recently negotiated the following leases throughout VA: with United State Postal Services for 4,213 sq.ft. at Norfolk-Custom Station in Norfolk, with Joanna Hastings and Patrick Gill Williamson of CBRE | Hampton Roads representing the tenant in the transaction; with Party Palace for 1,486 sq.ft. at Woods Corner Shopping Center in Virginia Beach, with Ned Brooks and Chris Read of CBRE | Hampton Roads representing the landlord in the transaction; with Metro PCS for 1,205 sq.ft. at Warwick Center in Newport News, with Kevin O’Keefe and Natalie Hucke representing the tenant in the transaction; with The UPS Store for 1,577 sq.ft. at Broad Creek Shopping Center in Norfolk, with Natalie Hucke and Kevin O’Keefe representing the tenant in the transaction and with Storybrook Studios for 1,600 sq.ft. at The Shoppes at Plantation Woods in Chesapeake, with Kevin O’Keefe and Natalie Hucke representing the landlord in the transaction. The company also recently negotiated a lease renewal with Yesterday’s Change for 4,490 sq.ft. along Ridge Road in Henrico, VA, with Barry Hofheimer of CBRE | Hampton Roads representing the landlord in the transaction and with Edward Jones for 838 sq.ft. along Three Chopt Road in Richmond, with Barry Hofheimer representing the landlord in the transaction. Lee & Associates | Charleston (843-2774322) recently negotiated a lease with Crossfit Discovery for 1,612 sq.ft. along Sportsman Island Drive in Charleston, SC. Reid Davis and Pete Harper of Lee & Associates | Charleston represented the landlord and Ryan Welch and Doug Hart of Lee & Associates | Charleston represented the tenant in the transaction.

CBRE | Richmond (804-320-5500) recently negotiated the following leases throughout VA: with The Richmond Ballet for 15,098 sq.ft. along West Moore Street in Richmond, with Rob Dirom, Scott Durham and Trib Sutton of CBRE | Richmond representing the tenant in the transaction; with Mr. Handyman of Richmond for 1,131 sq.ft. along Innslake Drive in Glen Allen, with Joe Marchetti and Rebecca Barricklow of CBRE | Richmond representing the landlord in the transaction; with Eagle Home Mortgage for 3,752 sq.ft. along Cox Road in Glen Allen, with Scott Durham and Malcolm Randolph of CBRE | Richmond representing the landlord in the transaction; with Speedy Link, Inc. for 2,226 sq.ft. along Sycamore Street in Petersburg, with Thomas Bryan, Rob Black, Robby Brownfield and Chris Doyle of CBRE | Richmond representing the tenant in the transaction; with Metro PCS for 1,174 sq.ft. along South Laburnum Avenue in Richmond, with Thomas Bryan, Rob Black, Robby Brownfield and Chris Doyle representing the tenant in the transaction and with Cricket Wireless for 944 sq.ft. along Midlothian Turnpike in Midlothian, with Kevin South and David Crawford of CBRE | Richmond representing the landlord in the transaction. The company also recently negotiated a lease renewal with The Lunch Connection for 1,292 sq.ft. along Whitepine Road in Chesterfield, VA, with Malcolm Randolph, John Carpin and Matt Anderson of CBRE | Richmond representing the landlord in the transaction. Bennett Williams Realty, Inc. (717-8435555) recently negotiated the following leases throughout PA: with Qdoba Mexican Grill for 3,000 sq.ft. at Faxon Corner in Williamsport, with Brad Rohrbaugh, Chad Stine and Adam Hagerman of Bennett Williams Realty, Inc. representing the landlord in the transaction; with Dunkin’ Donuts for 2,436 sq.ft. at Village Green Shopping Center in York, with Brad Rohrbaugh and Chad Stine representing the landlord and tenant in the transaction; with Firehouse Subs for 1,800 sq.ft. at West Manchester Mall in York, with Brad Rohrbaugh, Chad Stine and Abe Khan of Bennett Williams Realty, Inc. representing the tenant in the transaction; with Lahori Kebab & Grill for 1,600 sq.ft. at Dauphin Plaza in Harrisburg, with Brad Rohrbaugh, Chad Stine and Abe Khan representing the landlord and tenant in the transaction and with The Comics Closet for 540 sq.ft. at Market Square Shopping Center in Shrewsbury, with Brad Rohrbaugh, Chad Stine and Karen Neiderer of Bennett Williams Realty, Inc. representing the landlord and Karen Neiderer also representing the tenant in the transaction. DM Dealmakers Magazine | www.dealmakers.net

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EXCLUSIVES AND TENANTS REPS New Street Realty Advisors, LLC (212-6445015) has been retained as the exclusive leasing agent for the following retail sites in Manhattan, NY: a 2,400 sq.ft. ground level space at the intersection of Claremont Avenue and Tiemann Place; a 1,000 sq.ft. ground floor space, with a basement, along East 76th Street between First Avenue and Second Avenue; 1,000 sq.ft. of ground level space along Amsterdam Avenue, between West 139th Street and West 140th Street, and 2,200 sq.ft. of ground floor space along Eleventh Avenue between 42nd Street and 43rd Street. Zelnik & Co. (212-223-2200) is representing Dos Toros Taqueria with its expansion plans throughout Midtown, Financial District, Bryant Park, Nomad, Flatiron District, NoHo, Upper West Side and Tribecca neighborhoods of Manhattan, NY. The Mexican-inspired restaurants occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. HFF (404-942-2209) has been appointed as the exclusive leasing agent for Colony Plaza, a 216,693 sq.ft. shopping center located along Windsor Spring Road in Augusta, GA. Food Lion supermarket anchors the center.

Thur & Associates (703-879-4978) is representing a franchisee of Texas Roadhouse with expansion plans throughout DE, MD and select markets of VA and WV. The casual dining restaurants seek to occupy spaces of 7,000 sq.ft. The company prefers to acquire land or ground lease opportunities, but will consider locating in endcaps of shopping centers. Preferred daily traffic counts include 20,000 vehicles.

Retail Brokers Network (503-274-0211) recently appointed Brad Umansky as western regional director. In his new role, Umansky will oversee the network’s growth within the western region of the U.S. Currently, he is the founder and president of Progressive Real Estate Partners. Members of the networking group have completed over 5,500 leasing transactions totaling $4.2 billion over the past two years.

The Was Group, Inc. (862-203-4352) has been appointed by AWE Talisman as the exclusive leasing agent for Fashion Outlets of Las Vegas, a 371,000 sq.ft. outlet center located in Las Vegas, NV. Neiman Marcus Last Call, Lacoste, DKNY, Coach, Nike, Polo Ralph Lauren, Hugo Boss, Calvin Klein and Kenneth Cole serve as anchors. The company is also the exclusive leasing agent for Fashion Outlets of Santa Fe, a 126,000 sq.ft. center located in Santa Fe, NM. Chico’s, Under Armour, Loft Outlet, Guess, Puma and Tommy Hilfiger serve as anchors.

SRS Real Estate Partners (214-560-3215) recently hired Michael Federle as senior vice president the company’s investment services group in San Francisco, CA. The new team will represent institutions, developers and highnet-worth individuals in the sale, acquisition and financing of real estate properties. Prior to joining the company, Federle served at Grubb & Ellis. The company specializes in brokerage, corporate, development, investment and management services.

Terranomics (415-451-2407) is representing Starbucks with its expansion plans D throughout select cities of CA. M

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Page 64 | December 12, 2014

REAL ESTATE PROFESSIONALS MAKING THE NEWS

S.L. Nusbaum Realty Co. (757-282-6505) recently hired Phillip Elliott as associate/ auctioneer, commercial sales and leasing at the company’s Richmond, VA office. In his new role, Elliott will focus on commercial brokerage, landlord, tenant and seller representation throughout the Richmond, VA market. Prior to joining the company, Elliott served at Tranzon Fox. The company specializes in tenant, property, developer and landlord representation, in addition to property disposition and retail investment services. Robert K. Futterman & Associates (305900-7745) recently hired Andrea Blade as director of the firm’s Miami, FL office. In her new role, Blade will focus on landlord and tenant representation. Taylor Long Properties (804-864-9788) recently hired June Smith as a vice president, as the company expands into Lynchburg and southwestern VA. Prior to her new position, Smith served at Blackwood Development. Calkain Cos. (703-787-4734) recently hired three brokers to the Atlanta, GA office. Sheree Strome will serve as an associate director, along with Keelee Peterson and Daniel Grass serving as associates. Passov Real Estate Group (216-831-8100) recently hired Todd Lamperski as a sales associate. The brokerage company serves the OH market. Passov Real Estate Group (216-8318100) recently hired David Stein as a senior associate. DM Dealmakers Magazine | www.dealmakers.net

FOOD CHAINS EXPAND NATIONWIDE Papa Gino’s operates 200 locations nationwide. The pizzerias occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout New England, with a focus in Boston, MA, during the coming 18 months with representation by National Commercial Brokers. For more information, contact Ed Gerwig, National Commercial Brokers, 381 Elliot Street, Suite 185L, Newton Upper Falls, MA 02464; 617-243-0222; Web site: www.nationalcommercial.com.

Biggby Coffee operates 175 locations throughout FL, IL, IN, KY, MI, OH, SC, TX and WI. The coffee shops prefer to occupy spaces of 1,500 sq.ft. to 1,700 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Major competitors include Starbucks. For more information, contact Antonio DiPietro, Biggby Coffee, PO Box 710, East Lansing, MI 48826; 517482-8145 Ext. 114, Fax 517-482-8625; Email: franchiseinfo@biggby.com; Web site: www.biggby.com.

Shari’s Management Corp. trades as Shari’s Restaurants at 97 locations throughout CA, ID, NE, OR, WA and WY. The 24-hour family-style restaurants prefer to occupy spaces of 4,900 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during 2015. For more information, contact Ray Damron, Shari’s Management Corp., 9400 Southwest Gemini Drive, Beaverton, OR 97008-7112; 503-605-4299, Fax 503-6054294; Email: rdamron@sharis.com; Web site: www.sharis.com.

Chicago Franchise Systems, Inc. trades as Al’s Italian Beef and Nancy’s Pizzeria at 64 locations throughout CA, GA, IN and NV. The restaurants occupy spaces of 1,500 sq.ft. to 2,400 sq.ft. in strip centers. Growth opportunities are sought throughout CA, central IL, St. Louis, MO and TX during the coming 18 months. For more information, contact Daniel Perillo, Chicago Franchise Systems, Inc., 18861 90th Avenue, Suite H, Mokena, IL 60448; 708-478-8440, Fax 708-444-4422; Email: daniel@chicagofranchise.com; Web site: www.nancyspizza.com.

(continued from page thirty-six)

Uno Restaurant Holdings Corp. trades as Uno Chicago Grill at 145 locations nationwide, as well as in the District of Columbia, Puerto Rico and internationally. The casual dining restaurants prefer to occupy spaces of 3,500 sq.ft. to 9,000 sq.ft. in endcaps of shopping centers and freestanding locations. Plans call for seven openings nationwide and internationally during the coming 18 months. For more information, contact James Quackenbush, Uno Restaurant Holdings Corp., 100 Charles Park Road, West Roxbury, MA 02132; 617323-9200, Fax 617-218-5376; Email: james.quackenbush@unos.com; Web site: www.unos.com. DM

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Floor & Decor - Houston, TX

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James Steuterman jsteuterman@arcproperties.com Marc Perel mperel@arcproperties.com Joe Morena jmorena@arcproperties.com Steve Maloy stevem@arcproperties.com Rob Martone rmartone@arcproperties.com

ARCTRUST WANTS DEALS! • Single-tenant Net Lease Properties for development, joint venture, acquisition, or sale-leaseback • Developer Equity Program provides 100% equity financing plus additional resources • Nationwide with focus on New York to Washington DC

Neil Doornheim ndoornheim@arcproperties.com

• Retail preferred, other investment types selectively considered

Mike Holl mholl@arcproperties.com

• Nationally or regionally recognized tenants

Lisa Diienno ldiienno@arcproperties.com Michael R. Ambrosi mambrosi@arcproperties.com

• Over the past 25 years, ARC has been responsible for the development and acquisiton of 300 properties/$3 billion

STATE OF THE INDUSTRY (continued from page seventeen)

Levin Management is seeing strong leasing activity. At Post Road Plaza, a 267,000 square foot mixed-use center in Pelham Manor, New York, the company recently negotiated a lease with Dave & Buster’s for 41,300 square feet to cotenant the site with HomeGoods and Fairway Market. The company is also preleasing the expansion of Stafford Park, a mixed-use development located in Manahawkin, NJ and featuring a 400,000 square foot retail component with 150,000 square feet of expansion. Existing anchors include Costco, Target, PetSmart, Dick’s Sporting Goods and Best Buy. Levin is also developing a freestanding 23,000 square foot store for T.J. Maxx at St. George’s Crossing in Woodbridge, NJ. Schuckman Realty is preleasing a 100,000 square foot development in Long Island, New York, along with a 45,000 square foot project across from Barclays Arena and a 70,000 square foot redevelopment site in the Ozone Park neighborhood of Queens, New York. Winick Realty is preleasing retail space at 180 Water Street in the Financial District of New

York, New York. The retail component will sit at the base of 545 new luxury apartments and 480,000 square feet of office space. The company is also leasing 719 Seventh, a multilevel retail space located in Times Square of New York City. MacKenzie Retail, LLC is currently preleasing the 150,000 square feet of retail expansion at Maple Lawn, a mixed-use development located outside of Baltimore, Maryland. A 50,000 square foot Harris Teeter will anchor the expansion. The firm is also preleasing the expansion of Boulevard at Box Hill, with a 280,000 square foot retail component and located in Abingdon, Maryland. Wegmans and JCPenney anchor the site. Although retailers are signing more leases; landlords and developers are still jumping through other hoops to get their projects out of the ground or redeveloped. An industry expert noted, “Municipalities are constantly reaching into developers’ pockets.” Currier added, “Pre-leasing requirements and financing issues are the most common complaints from developers in my market.” Lord concurred, “It is about financing and getting a loan without being significantly

preleased.” Shumacher noted, “Community pushback, i.e. not in my backyard, and local planning commissions with an inflated idea of the municipalities they work in are the biggest obstacles for new development.” Tsakiris echoed this concern stating, “Local city, county and state governments move very slowly, which is expected.” Cram has noticed that land prices in desirable markets are back to pre-recession 2007 pricing which makes deals harder to pencil. “As a result,” he explained, “More and more tenants are going in duplex and triplex outparcels. Starbucks and Chipotle are two brands that do this format a lot. Also, the time to get the site governmental approvals has not improved as many municipalities are severely understaffed. We are seeing cost inflation as construction bids are coming in 10-15% over budget and need to be rebid over and over again now.” As landlords and developers attempt to keep up with retailers’ demands for new space, they are also starting to see new trends in lease negotiations and requests for tenant improvement allowances. Schuckman said, “Many retailers are requesting more tenant (continued on page ninety-two)

Representing:

Relationships Built On Results Since 1986 Real Estate Brokerage • Property Management • Asset Repositioning • Retailer Advisory Services Jacob Javits Center December 8-9, 2014 Page 68 | December 12, 2014

Visit our Booth #315 or contact us to schedule a meeting 908.604.6900 info@silbertrealestate.com www.silbertrealestate.com

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SPACE PLACE Arizona

Phoenix – Marketplace at South Mountain, located at the intersection of 24th Street and Baseline Road, has inline spaces of 1,00 sq.ft. and 2,000 sq.ft. available, along with a 4,100 sq.ft. freestanding building, a 3,515 sq.ft. endcap, and a 3.51 acre pad site. Cotenants include Walmart Neighborhood Market, PetSmart, Smashburger, Chipotle and Jersey Mike’s Subs. Area demographics include a population of 196,136 within five miles earning $60,801 as the average household income. For more information, contact Brad Balbo or Kalen Rickard, Strategic Retail Group, 15169 North Scottsdale Road, Suite 330, Scottsdale, AZ 85254; 602-778-3831/3832, Fax 602-778-3839; Email: bradb@srgaz.com; Web site: www.strategicretailgroup.com.

California Laguna Hills – Courtyard at La Paz, located at the intersection of McIntyre Street and La Paz Road, has spaces from 1,250 sq.ft. to 2,639 sq.ft. available. Cotenants include JoAnn Fabrics, 24 Hour Fitness, Subway and Mountain Mike’s Pizza. Area demographics

Page 70 | December 12, 2014

California

include a population of 340,466 within five miles earning $111,427 as the average household income. For more information, contact Casey Mahony, Colliers International, 3 Park Plaza, Suite 1200, Irvine, CA 92614; 949724-5506; Email: casey.mahony@colliers.com; Web site: www.colliers.com.

Connecticut Old Saybrook – North Cove Shops, located at the intersection of Main Street and Elm Street, has first floor spaces from 1,500 sq.ft. to 11,050 sq.ft. available, along with an 11,050 sq.ft. lower level space. Area retailers include Advance Auto Parts, Burger King, Starbucks, AT&T, Dunkin’ Donuts and Staples. Area demographics include a trade-area population of 33,881 earning $79,235 as the median household income. For more information, contact Timothy Londregan, Paramount Partners, 860-388-9100 Ext. 1; Email: tlondregan@paramountpartners.com; Web site: www.paramountpartners.com.

Connecticut

West Hartford – Elmwood Plaza, a 73,000 sq.ft. center located along Newington Road, has a space of 2,083 sq.ft. available. Cotenants include Stop & Shop, Dollar Tree, Sliders Grill & Bar, Hair Cuttery and Farmington Bank. Area demographics include a population of 279,674 within five miles earning $65,520 as the average household income. For more information, contact Albert Silvera, Surrey Equities, LLC, 40 Fulton Street, 6th Floor, New York, NY 10038; 212-619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.

Florida Ft. Lauderdale – Riverbend Marketplace, a 310,000 sq.ft. regional center located at the intersection of West Broward Boulevard and 24th Avenue, has inline spaces, junior anchor spaces and outparcels available. Cotenants include Walmart Supercenter. Area demographics include a population of 355,023 within five miles earning $66,126 as the average household income. (continued on page seventy-two)

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Owning and Operating Grocery Anchored Retail Centers Nationwide since 1979

Leasing OppOrtunities natiOnwide

ASHBROOK COMMONS Ashburn, VA 198,589 SF Power Center 1,048 - 3,014 SF Available

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CLAYTON LANE - Denver, CO 335,064 SF Mixed-use Development in Cherry Creek North 1,505 - 25,000 SF Available

TIFFANY PLAZA - Denver, CO 214,411 SF Whole Foods Anchored Neighborhood Center 1,442 - 7,415 SF Available

BALLANTYNE COMMONS EAST Charlotte, NC 150,926 SF Harris Teeter Anchored 1,131 - 1,797 SF Available

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Corporate Headquarters: 1281 East Main Street Stamford, CT 06902 203-327-2001

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44 Cook Street #710 Denver, CO 80206 303-321-1500

SPACE PLACE Florida (continued from page seventy)

For more information, contact Maggie Reyes or Amy Berrios-Ortiz, The Shopping Center Group, 305-262-8877; Email: maggie.reyes@tscg.com. Gainesville – The Marketplace Shopping Center, a 75,538 sq.ft. neighborhood shopping center located at the intersection of 43rd Street and 16th Boulevard, has a space of 994 sq.ft. available. Cotenants include The Fresh Market, Supercuts, Papa John’s and Five Guys Famous Burgers & Fries. Area demographics include a population of 158,003 within five miles earning $56,235 as the average household income. The average daily traffic count is 40,613 vehicles. For more information, contact Courtelis Co., 703 Waterford Way, Suite 800, Miami, FL 33126; 305-261-4330, Fax 305-2614338; Web site: www.courtelis.com. Gainesville – A 24,780 sq.ft. building is available along Northwest 13th Street. Area retailers include Save-A-Lot, Bealls, Lowe’s, Sam’s Club and Books-A-Million. Area demographics include a population of 142,768 within five miles earning $45,055 as the average household income. The asking rent is $9 psf. For more information, contact Lee Cherney or Robert Crum, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-546-7767 Ext. 111/117; Email: lcherney@kinproperties.com.

Illinois Chicago – A center located at the intersection of Ashland Avenue and West School Street, has spaces of 4,070 sq.ft. and 6,725 sq.ft. available. Area retailers include The Vitamin Shoppe, Whole Foods Market, XSport Fitness, Petco, Core Power Yoga, Bank of America and Chase Bank. Area demographics include a population of 71,202 within one mile earning $79,975 as the average household income. The average daily traffic count is 34,000 vehicles along Ashland Avenue. For more information, contact Meredith Oliver or Brendan Reedy, Cushman & Wakefield, 312-470-1829/2306; Email: meredith.oliver@cushwake.com. Glencoe – A 2,832 sq.ft. street level retail space, which can be divided, is available along Park Avenue. Area demographics include a population of 37,637 within three miles earning $248,042 as the average household income. Page 72 | December 12, 2014

Illinois

Indiana

For more information, contact Rich Kahan or Tony Kahan, KB Real Estate, Inc., 790 West Frontage Road, Northfield, IL 60093; 847-441-4425/4424; Email: rkahan@kbrealestate.com; Web site: www.kbrealestate.com.

include a population of 139,202 within five miles earning $53,474 as the average household income. The average daily traffic count is 27,170 vehicles. Warsaw – The Marketplace at Warsaw, a 183,900 sq.ft. community power center located at the intersection of Interstate 30 and East Lake Drive, has spaces of 3,200 sq.ft., 6,270 sq.ft. and 6,450 sq.ft. available. Cotenants include Carson’s, JC Penney, Shoe Sensation, Pet Supplies Plus, Payless Shoe Source, Sears, Dunham’s, Pier 1 Imports, Subway and Claire’s. Area demographics include a population of 41,020 within seven miles earning $61,775 as the average household income. The average daily traffic count is 19,140 vehicles. For more information, contact Thomas Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com.

North Aurora – Willard’s Corner, located at the intersection of Orchard Road and Oak Street, has an endcap space of 2,250 sq.ft. available. Cotenants include Sears Home Appliance, Great Clips and Chiro One. For more information, contact Randy Kotwica, Real Estate Consultants, Inc., 630-942-7000 Ext. 2119; Email: rkotwica@reciusa.com; Web site: www.reciusa.com. Northbrook – White Plains Shopping Center, an 84,835 sq.ft. center located at the intersection of Dundee Road and Landwehr Road, has spaces of 786 sq.ft., 1,242 sq.ft., 1,395 sq.ft. and 15,000 sq.ft. available. Cotenants include Fast Signs, Ace Hardware, The UPS Store, Big Apple Bagel and Browns Chicken. Area demographics include a population of 76,579 within three miles earning $141,356 as the average household income. The average daily traffic count is 43,700 vehicles. For more information, contact Marc Abrahamson, Haven Equities Corp., 300 Skokie Boulevard, Suite M, Northbrook, IL 60062; 847-498-1601, Fax 847-498-5885; Email: bears1963@aol.com. Villa Park – North Villa Park Commons, a 10,980 sq.ft. specialty center located at the intersection of North Avenue/Route 64 and Chatham Avenue, has a space of 3,600 sq.ft. available. Cotenants include H&R Block, Payless Shoe Source, Radio Shack and Great Clips. The asking rent is $24.50 psf. For more information, contact Jim Persino, First Development Corp., 6316 North Northwest Highway, Chicago, IL 60631; 773-775-5005, Fax 773-775-9684; Email: jvp@firstdevelopment.com; Web site: www.firstdevelopment.com.

Indiana Evansville – Evansville Shopping Center, a 162,394 sq.ft. community power center located at the intersection of Morgan Avenue and Boeke Road, has spaces of 832 sq.ft., 1,200 sq.ft., 2,212 sq.ft. and 2,550 sq.ft. available. Cotenants include Dollar General, Rural King, Comic Quest, Buehler’s Buy-Low and Long John Silver’s. Area demographics

Indianapolis – Linwood Square, a 165,255 sq.ft. center located at the intersection of Linwood Avenue and East 10th Street, has a space of 29,404 sq.ft. available, along with a 2.08 acre outparcel. Cotenants include Kroger, CVS, Dollar General, Rainbow, Radio Shack, H&R Block, RentA-Center, Subway and Boost Mobile. Area demographics include a population of 247,402 within five miles earning $45,499 as the average household income. For more information, contact Mike Slusky, Kimco Realty, 10600 West Higgins Street, Suite 408, Rosemont, IL 60018; 847294-6446; Email: mslusky@kimcorealty.com; Web site: www.kimcorealty.com. Kendallville – Kendallville Plaza, an 87,771 sq.ft. center located along East North Street, has a space of 8,500 sq.ft. available. Cotenants include Save-A-Lot, Advance Auto Parts, Hungry Howie’s and Tractor Supply Co. Area demographics include a population of 15,347 within five miles earning $49,101 as the average household income. For more information, contact Albert Silvera, Surrey Equities, LLC, 40 Fulton Street, 6th Floor, New York, NY 10038; 212-619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.

Kentucky Lexington – The Mall at Lexington Green, located at the intersection of Nicholasville (continued on page seventy-six)

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IMPORTANT DATES & TIMES

ICSC NEW YORK CONFERENCE 2014 - CONVENTION FLOOR PLAN

SUNDAY, DECEMBER 7 Registration Bigger Better Party

MONDAY, DECEMBER 8

7:30am – 7:00pm 5:30pm – 7:30pm

TUESDAY, DECEMBER 9

Registration Where the Capital is Flowing Dealmaking Boxed Lunch

8:00am – 5:00pm 8:30am – 9:30am 9:00am – 5:00pm 12:00pm – 12:45pm

Registration 7:30am – 7:00pm Dealmaking 9:00am – 5:00pm Lunch 12:00pm – 12:30pm Industry Update w/ Michael P. Kercheval 1:30pm – 2:00pm Retail Runway 3:00pm – 4:15pm Meet the Industry Titans 4:30pm – 5:30pm New York Gala Reception 5:30pm – 7:00pm

DON’T MISS OUR 2014 STATE OF THE INDUSTRY STARTING PAGE 16

ICSC NEW YORK CONFERENCE 2014 - CONVENTION FLOOR PLAN

TWITTER.COM/DEALMAKERSMAG • WWW.FACEBOOK.COM/THEDEALMAKERS

SPACE PLACE Kentucky (continued from page seventy-two)

Road and New Circle Road, has spaces available. Cotenants include Ann Taylor Loft, Chico’s, Whole Foods Market, Anthropologie, Hot Mama, JosephBeth Booksellers, Be Among and White House | Black Market. Area demographics include a population of 200,000 within five miles. The average daily traffic count is 150,000 vehicles. For more information, contact Jennifer Yacks, Jeffrey Anderson Real Estate, Inc., 513-241-5800.

Maryland

Cambridge – Sunburst Center, located along Sunburst Highway, has an 8,250 sq.ft. endcap with a drive thru available. Area retailers include McDonald’s. Area demographics include a population of 16,619 within five miles earning $55,411 as the average household income. Rockville – Randolph Hills Shopping Center, located along Boiling Brook Parkway, has a space of 3,346 sq.ft. available. Cotenants include Moti’s Kosher Mart, Goodwill, Goldberg’s Bagels and Pizza Leo. For more information regarding Sunburst Center, contact Joseph Farina

or Amit Grover, Divaris Real Estate, Inc., 8000 Westpark Drive, Suite 630, McLean, VA 22102; 571-620-5142/5143; Email: jfarina@divaris.com; Web site: www.divaris.com. For more information regarding Randolph Hills Shopping Center, contact Susan McGee, 571-620-5146; Email: smcgee@divaris.com.

Massachusetts Stoughton – Stoughton Town Center, a 73,031 sq.ft. center located at the intersection of Washington Street and Wonk Street, has spaces from 2,000 sq.ft. to 35,538 sq.ft. available. Cotenants include Rite Aid, Bank of America, Old Country Pizzeria and Brazil For You. Area demographics include a population of 149,573 within five miles earning $86,631 as the average household income. For more information, contact Albert Silvera, Surrey Equities, LLC, 40 Fulton Street, 6th Floor, New York, NY 10038; 212-619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.

Maine

Franchise Expansion Opportunities sought throughout NJ, Lower Hudson Valley, Westchester, The Bronx, Queens, Brooklyn, Staten Island, Long Island and NE Pennsylvania. SITE REQUIREMENTS • Signalized Corners Preferred; Shopping Center Outparcels • Freestanding or End Cap w/Drive-Thru; In-Lines considered in CBD’s • Building Size: 1,645 – 2,500 SF • Minimum 150’ Frontage • Good Access, Visibility, Signage • 30 + Parking Spaces • 25k + Average Daily Traffic • 20k People in Trade Area: Strong mix of Day and Residential Population • Purchase or Ground Lease

Portland/Westbrook – Dirigo Plaza, a 550,000 sq.ft. retail development, located along Route 25, has spaces available. Area retailers include Kohl’s, Shaw’s, Chipotle, BJ’s Wholesale Club and Dollar Tree. For more information, contact Jay Wise, WRE Commercial Brokers, 795 Roosevelt Trail, Windham, ME 04062; 207-775-3499; Email: jaywise@wrebrokers.com; Web site: www.wrebrokers.com.

Missouri Hannibal – Huck Finn Shopping Center, a 270,000 sq.ft. center, has an endcap space of up to 28,000 sq.ft. available, along with small shop spaces and outlots. Cotenants include JC Penney, Goody’s, Dunham Sports, Sears Home Center, Big Lots, rue 21, Dollar General, Gilk’s and Anytime Fitness. For more information, contact Harold Fry, Hauck Holdings, Ltd., 4334 GlendaleMilford Road, Cincinnati, OH 45242; 513733-3300 Ext. 203; Email: hsf@hauckco.com.

Nebraska Papillion – Shoppes at Market Pointe, a 500,000 sq.ft. center located at the intersection of 72nd Street and Giles Road, (continued on page seventy-eight)

Page 76 | December 12, 2014

Dealmakers Magazine | www.dealmakers.net

20 years of service, pride and tradition Aguadilla Mall is part of the Western community of Puerto Rico for over 20 years. This impressive business center has a 272.106 square feet 19,000 square foot annex containing the largest cinema chain, Caribbean Cinemas and theaters. The shopping center has a capacity of 1,500 parking spaces, including a multistory parking.

FOR LEASING OPPORTUNITIES PLEASE CONTACT US AT:

T 787 622 9600 x.120 / 127 / 105 â&#x20AC;˘ F 787 277 9601 leasing@aguadillamallpr.com PO Box 362983 San Juan, Puerto Rico 00936-2983

www.aguadillamallpr.com

SPACE PLACE Nebraska (continued from page seventy-six)

has inline spaces and outparcels available. Cotenants include Payless Shoe Source, Game Stop, Qdoba, Panera Bread, GNC and Chick-Fil-A. Area demographics include a population of 70,547 within three miles earning $71,210 as the average household income. For more information, contact DP Management, LLC, 11506 Nicholas Street, Suite 100, Omaha, NE 68154; 402493-2800, Fax 402-493-8069; Web site: www.dp-mgmt.com.

New Jersey

suited to accommodate a supermarket. Area demographics include a trade area population of 51,000 earning $115,000 as the average household income. For more information, contact James DePetris, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034 Ext. 5001; Email: jdepetris@lpre.com; Web site: www.lpre.com.

sq.ft. available. Cotenants include T.J. Maxx, CVS, PetValu, Starbucks, AT&T, Red Mango, Radio Shack, GNC, Hallmark, Supercuts, Manhattan Bagel, Sky Club Fitness and Foot Solutions. Area demographics include a population of 178,630 within five miles earning $121,107 as the average household income. The average daily traffic count is 50,000 vehicles. For more information, contact Neal Richards or Adam Kruvant, The Vanguard Group, 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15/20, Fax 973-966-0123; Email: nrichards@vanguardsite.com; Web site: www.vanguardsite.com.

Cedar Knolls – A 270,686 sq.ft. center located at the intersection of East Hanover Avenue and Ridgedale Avenue, has spaces available. Cotenants include Walmart. T.J. Maxx, Sears Hardware, Radio Shack, Subway and McDonald’s. Area demographics include a population of 133,791 within five miles earning $120,944 as the median household income. Fairfield – A 17,500 sq.ft. center located along Route 46 West, has an endcap space of up to 4,000 sq.ft. available. Cotenants include Jose Tejas, Route 46 Diamond Exchange, Miracle Ear and AT&T. Area demographics include a population of 208,451 within five miles earning $94,678 as the median household income. For more information, contact Florian Suserman or Stephanie Harris, Ripco Real Estate, 125 Chubb Avenue, Suite B, Lyndhurst, NJ 07071; 201-777-2300, Fax 201-777-2314; Email: fsuserman@ripconj.com; Web site: www.ripconj.com.

Ocean County – Lakeside Plaza, located at the intersection of Route 9 and Lakeside Drive, has up to 60,000 sq.ft. of space available, which can be divided. Cotenants include Retro Fitness, Applebee’s, AT&T, Hudson City Savings Bank and Pan Asia Restaurant. Area demographics include a population of 47,205 within five miles earning $81,790 as the average household income. The average daily traffic count is 20,000 vehicles. Southampton – A proposed freestanding building of up to 9,000 sq.ft. is available at the intersection of Route 38 and Smithville Road. Area retailers include Tractor Supply Co. Area demographics include a population of 163,308 within five miles earning $93,073 as the average household income. The average daily traffic count is 30,000 vehicles along Route 38. For more information regarding Lakeside Plaza, contact Ron DeLuca, R.J. Brunelli & Co., LLC, 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800 Ext. 28; Email: rdeluca@rjbrunelli.com. For more information regarding the site in Southampton, contact Alan Gott, Ext. 13; Email: agott@rjbrunelli.com.

Hopewell – Hopewell Crossing, located at the intersection of Route 31 and Denow Road Extension, has a space of 1,340 sq.ft. available. Cotenants include Stop & Shop, The UPS Store, Sleepy’s, Starbucks, Chase Bank and HVC Bank. Area demographics include a population of 40,384 within three miles earning $121,889 as the average household income. The average daily traffic count is 30,117 vehicles along Route 31. For more information, contact Pete Nicholson, Metro Commercial Real Estate, Inc., East Gate Corporate Center, 303 Fellowship Road, Suite 202, Mount Laurel, NJ 08054; 856-222-3037; Email: pnicholson@metrocommercial.com; Web site: www.metrocommercial.com.

Parsippany – Morris Hills Shopping Center, a 159,230 sq.ft. center located at the intersection of Route 46 and Parsippany Boulevard, has spaces from 450 sq.ft. to 5,100 sq.ft. available. Cotenants include Blink Fitness, Home Goods, Bow Tie Cinema, Marshalls, Pet Valu, Leslie’s Pool Supplies, Dress Barn, Harmon Face Values, Game Stop and Bank of America. Area demographics include a population of 131,917 within five miles earning $129,347 as the average household income. For more information, contact Matthew Ryan, Brixmor, One Fayette Street, Suite 150, Conshohocken, PA 19428; 610-8347641; Email: matthew.ryan@brixmor.com; Web site: www.brixmor.com.

Medford – A 25,200 sq.ft. space, which can be expanded up to 60,000 sq.ft., is available at the intersection of Taunton Road and Tuckerton Road. The site is best

West Caldwell – West Caldwell Plaza, a 100,000 sq.ft. center located at the intersection of Passaic Avenue and Bloomfield Avenue, has a space of 1,408

New Jersey

Page 78 | December 12, 2014

New York Albany – Crossgates Commons, a 750,000 sq. ft. power center, located on the NYS Thruway at Washington Avenue, has three spaces from 13,000 sq.ft. to 25,000 sq.ft. available. Cotenants include Wal-Mart, Home Depot, Michael’s, PetSmart, Party City and Panera Bread. The center is adjacent to Crossgates Mall, a 1.7 million sq.ft. enclosed shopping center, anchored by Macy’s, Lord & Taylor, JC Penney, and Regal Cinemas. Area demographics include a population of 480,000 within 10 miles earning an average household income of $70,000. The average daily traffic count is over 230,000 vehicles. New Hartford – Sangertown Square, an 870,000 sq.ft. enclosed shopping center located at the intersection of Commercial Drive and Route 5, has a space of 22,000 sq.ft. available. The space has the potential to be further expanded and features prominent visibility from Commercial Drive. Cotenants include Macy’s, Target, JC Penney, Sears and Dick’s Sporting Goods. Area demographics include a trade area population of 426,000 earning an average household income of $58,000. The average daily traffic count is over 76,000 vehicles. For more information, contact Jim Sacco, Pyramid Management Group, LLC, 4 Clinton Square, Syracuse, New York 13202; 315634-7787; Email jamessacco@pyramidmg.com; Web site: www.pyramidmg.com. Boerum Hill – A 3,310 sq.ft. ground floor retail space is available along 3rd Avenue. Area retailers include Walgreens, Subway, Dunkin’ Donuts, Baskin Robbins, Modell’s, P.C. Richard & Son, Papa John’s and The Vitamin Shoppe. Area demographics include a population of 33,959 within one half mile (continued on page eighty)

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SPACE PLACE New York (continued from page seventy-eight)

earning $80,527 as the median household income. Brooklyn – Up to 10,000 sq.ft. of space is available along Mother Gaston Boulevard. Area retailers include Boost Mobile, Family Dollar, Western Union, Pioneer Supermarket, C-Town, Rainbow and Jimmy Jazz. Area demographics include a population of 141,543 within one mile earning $30,974 as the median household income. New Rochelle – A 9,485 sq.ft. former freestanding Walgreens is available along Boston Post Road. Area retailers include Home Depot, Party City, Sleepy’s, Costco Wholesale, Auto Zone and Ashley Furniture. Area demographics include a population of 625,333 within five miles earning $71,977 as the median household income. Staten Island – Spaces of 688 sq.ft. and 720 sq.ft., which can be combined, are available at the intersection of New Dorp Lane and Richmond Road. Area retailers include Subway, Chase Bank, 7-Eleven, KFC, Verizon Wireless, Applebee’s, Five Below, Boston Market and Starbucks. Area demographics include a population of 425,967 within five miles earning $73,284 as the median household income. For more information regarding the Boerum Hill or Brooklyn properties, contact Scott Sher or Ray Harari, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, NY 11530; 516-874-8070 Ext.514/718484-2002; Email: scott@sabreny.com; Web site: www.sabreny.com. For more information regarding the New Rochelle or Staten Island properties, contact Greg Batista or Tom Caliendo, 516-874-8070 Ext. 515/519; Email: greg@sabreny.com. Bronx – A 3,514 sq.ft. ground floor space, with a 3,235 sq.ft. cellar, are available along Westchester Avenue, between Pugsley Avenue and Hugh J. Grant Circle. Area retailers include Petland, GNC, H&R Block, Zaros, McDonald’s, Jackson Hewitt and T-Mobile. Area demographics include a population of 146,685 within one mile earning $45,908 as the average household income. New York – An 1,800 sq.ft. street level retail space, with a 1,644 sq.ft. mezzanine, and a 2,079 sq.ft. basement, is available along 23rd Street, between Second Avenue and Third Avenue, in the Gramercy area. Area retailers include Sleepy’s, Shaka Burrito, Goodwill, Oriental Kitchen, Orion Diner & Grill, Starbucks and Duane Reade. For more information regarding the space in the Bronx, contact Noel Caban, Winick Realty Group, LLC, 655 Third Avenue, Page 80 | December 12, 2014

New York

8th Floor, New York, NY 10017; 212-7922638; Email: noel@winick.com; Web site: www.winick.com. For more information regarding the site along 23rd Street, contact Joshua Siegelman or Jeff Winick, 212-7922613/2601; Email: jsiegelman@winick.com.

For more information, contact Brett Baxt, The Howard Group, 1735 Central Avenue, Albany, NY 12205; 518-452-1881 Ext. 13; Email: bbaxt@howardgroup.com; Web site: www.howardgroup.com.

Brooklyn – A 1,210 sq.ft. street level retail space, with a 1,210 sq.ft. basement, and a 385 sq.ft. backyard space, is available along Fifth Avenue, between 11th Street and 12th Street in the Park Slope area. Area retailers include New York Sports Club, CVS, Rite Aid, Citi Bank, Capital One Bank, Chase Bank, Dunkin’ Donuts, T-Mobile, Sprint, Verizon Wireless and Subway. Queens – Retail spaces are available along Merrick Boulevard, between 221st Street and 222nd Street. Area retailers include Walgreens, Bank of America, Pathmark, Chase Bank, Payless Shoe Source, Radio Shack, Sleepy’s, Burger King and Duane Reade. For more information, contact Ryan Condren, Kristina Triglia or George Danut, CPEX Real Estate, 81 Willoughby Street, 8th Floor, Brooklyn, NY 11201; 718-6874212/4206/4220; Email: rcondren@cpexre.com; Web site: www.cpexre.com. Brooklyn – A 1,950 sq.ft. ground floor space, with a 1,200 sq.ft. outdoor space, and a full basement, is available along Smith Street. Area retailers include Lululemon, Trader Joe’s, Starbucks and Intermix. New York – A 950 sq.ft. street level retail space, with a 400 sq.ft. basement, is available along East 60th Street, between Second Avenue and Third Avenue. Area retailers include Dylan’s Candy Bar, Bloomingdale’s, Home Depot, Serendipity 3, H&M and Starbucks. For more information regarding the site in Brooklyn, contact Nicole Liebman, Massey Knakal, 718-238-8999; Email: nliebman@masseyknakal.com. For more information regarding the site along East 60th Street , contact Jill Lovatt or Kylie Kain, 212-660-7704/212-589-5181; Email: jlovatt@masseyknakal.com. Cobleskill – Cobleskill Shopping Center, a 55,363 sq.ft. center located at the intersection of Barnerville Road and State Route 7, has spaces of 1,400 sq.ft. and 2,250 sq.ft. available. Cotenants include Burger King, Auto Zone, Dollar General, Red Apple Buffet and Subway. Area demographics include a population of 22,323 within ten miles earning $60,412 as the average household income. The average daily traffic count is 13,789 vehicles. The asking rent is $10 to $12 psf NNN.

Clifton Park – Halfmoon Plaza, located along Route 9, has a space of 2,000 sq.ft. available. Area retailers include Walmart Supercenter, Wendy’s, Dunkin’ Donuts, McDonald’s and Rite Aid. Area demographics include a population of 70,980 within five miles earning $84,350 as the average household income. The average daily traffic count is 25,523 vehicles. For more information, contact Kevin Parisi, TRG Cos., One Park Place, Suite 204, Albany, NY 12205; 518-458-7203 Ext. 11, Fax 518-458-1897; Email: kparisi@trgcos.com; Web site: www.trgcos.com. East Meadow – A 1,200 sq.ft. space is available at the intersection of Nostrand Avenue and East Meadow Avenue. Area retailers include Majors Steakhouse. Area demographics include a population of 520,130 within five miles earning $108,781 as the average household income. The average daily traffic count is 16,000 vehicles along East Meadow Avenue. For more information, contact Russ Lico, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 260; Email: rlico@breslinrealty.com; Web site: www.breslinrealty.com. East Northport – East Northport Shopping Center, a 43,920 sq.ft. center located along Larkfield Road, has a space of 1,600 sq.ft. available. Area retailers include Starbucks, Family Dollar, Rite Aid, People’s United Bank and The Roslyn Savings Bank. Area demographics include a population of 183,032 within five miles earning $123,813 as the average household income. The average daily traffic count is 20,000 vehicles along Larkfield Road. Farmingville – Expressway Plaza, a 230,000 sq.ft. community center located at the intersection of Ocean Avenue and Horseblock Road, has up to 7,470 sq.ft. of space available. Cotenants include Stop & Shop, Kmart, Payless Shoe Source, Sally Beauty Supply, AT&T, GNC, Game Stop and Sprint. The average daily traffic count is 130,000 vehicles along Long Island Expressway. Inwood – Burnside Plaza, a 100,177 sq.ft. center located at the intersection of Burnside Avenue and Nassau Expressway, has spaces available. Cotenants include Stop & Shop, Dollar Store & Up and Subway. (continued on page eighty-two)

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

Lingerie by Susan 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 Weiss 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 *a partial list of Weiss Realty transactions

250 MOONACHIE ROAD, MOONACHIE, NJ 07074 • 201.814.1800 • WWW.JWEISSREALTY.COM

SPACE PLACE New York (continued from page eighty)

For more information, contact Edward Gottlieb, Jessica Vilmenay or Kenneth Schuckman, Schuckman Realty, 7600 Jericho Turnpike, Woodbury, NY 11797; 516-496-8888; Email: ed@schuckmanrealty.com; Web site: www.schuckmanrealty.com. Irondequoit – Ridge Goodman Plaza, a 150,000 sq.ft. community center located at the intersection of East Ridge Road and North Goodman Street, has inline spaces, an anchor space and an outparcel

New York

endcap space available. Cotenants include Marshalls, Rent-A-Center, Supercuts, Bank of America, DiBella’s, Starbucks and Chipotle. Area demographics include a population of 425,926 within seven miles earning $57,163 as the average household income. For more information, contact David Schroth, Ferrara Jerum International, LLC, 339 East Avenue, Suite 4320, Rochester, NY 14604; 585-362-8708, Fax 585-454-6439; Email: dschroth@ferrarajerum.com; Web site: www.ferrarajerum.com.

Levittown – Kohl’s Plaza/Nassau Mall, a 459,760 sq.ft. center located at the intersection of Hamlet Road and Hempstead Turnpike, has space available. Cotenants include Kohl’s, PetSmart, Party City, LA Fitness, Michaels, Best Buy, BJ’s Wholesale, Old Navy, Gap, T.G.I. Friday’s and Five Below. Area demographics include a population of 443,896 within five miles earning $150,410 as the average household income. The average daily traffic count is 50,360 vehicles along Hempstead Turnpike. Massapequa Park – A 2,700 sq.ft. street level retail space, with a full basement, is available along Sunrise Highway. Area retailers include Walmart, Kohl’s, T.J. Maxx, Burlington, Pier 1 Imports, Babies “R” Us, Toys “R” Us, Petco and Starbucks. Area demographics include a trade-area population of 74,353 within two miles earning $112,350 as the average household income. The average daily traffic count is 60,000 vehicles along Sunrise Highway. New York – Up to 10,266 sq.ft. of retail space on three levels is available at the intersection of Madison Avenue and 51st Street. Area retailers include Eileen Fisher, Pink, Burberry, Talbots, Tumi, Jurlique, H20, Express, Loft and Saks Fifth Avenue. West Hempstead – An 8,421 sq.ft. neighborhood center located at the intersection of Hempstead Turnpike and Osborne Road, has spaces of 2,460 sq.ft. and 2,700 sq.ft. available, which can be combined. Area retailers include Sterling Optical, Stop & Shop, Dunkin’ Donuts, Rite Aid, Dress Barn, Radio Shack, Game Stop and GNC. Area demographics include a population of 661,776 within five miles earning $106,517 as the average household income. For more information regarding Kohl’s Plaza/Nassau Mall, contact Randall Briskin, The Feil Organization, 7 Penn Plaza, New York, NY 10001; 212-563-6557 Ext. 218, Fax 212-563-6657; Email: rbriskin@feilorg.com; Web site: www.feilorg.com. For more information regarding the Massapequa Park property, contact Nicholas Forelli, 212563-6557 Ext. 275; Email: nforelli@feilorg.com. For more information regarding the New York property, contact Randall Briskin or Nicholas Forelli. For more information regarding the spaces in West Hempstead, contact Nicholas Forelli.

Marlboro, New Jersey

Linden Shopping Center

1701 W. Edgar Road, Linden, New Jersey Demising of existing 120,000sf Kmart into a multi-tenant space

BEFORE

Mineola – Up to 53,420 sq.ft. of space, which can be divided, is available at the intersection of Sagamore Avenue and Jericho Turnpike. Area retailers include Walgreens, McDonald’s, CVS, Subway, Dunkin’ Donuts, Contactus@gerardcnd.com

Page 82 | December 12, 2014

(continued on page eighty-four)

Dealmakers Magazine | www.dealmakers.net

SPACE PLACE New York (continued from page eighty-two)

Vitamin World, Sherwin-Williams and KFC. Area demographics include a population of 448,345 within five miles earning $102,101 as the median household income. The average daily traffic count is 49,227 vehicles along Jericho Turnpike. Mount Ivy – Parkway Plaza Shopping Center, a 260,000 sq.ft. center located at the intersection of Palisades Interstate Parkway and US Route 202, has up to 110,000 sq.ft. of space available. Cotenants include Walmart Supercenter. Area demographics include a population of 34,378 within three miles earning $116,194 as the median household income. The average daily traffic count is 48,650 vehicles along Palisades Interstate Parkway. For more information regarding the Mineola property, contact Daniel Glazer, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880, Fax 516-933-2514; Email: dglazer@ripcony.com; Web site: www.ripcony.com. For more information regarding Parkway Plaza Shopping Center, contact Jeffrey Nable; Email: jnable@ripcony.com. New York – A 2,400 sq.ft. ground floor retail space is available at the intersection of Claremont Avenue and Tiemann Place.

New York

Pennsylvania

For more information, contact Josh Kaufman, Joshua Gettler or Matthew Gorman, New Street Realty Advisors, LLC, 212-644-5015/212-251-0627/212-2510626; Email: jkaufman@newstreetra.com.

Bertucci’s, Cosí, Qdoba, Zoe’s Kitchen, AT&T and Mom’s Organic Market. Area demographics include a population of 79,876 within three miles earning $150,348 as the average household income. The average daily traffic count is 18,534 vehicles along West Lancaster Avenue. Dickson City – Sunset Crossing, a 74,142 sq.ft. center located at the intersection of Main Street and Sunset Drive, has spaces of 2,350 sq.ft. and 6,000 sq.ft. available. Cotenants include Giant, Dollar Surplus and Premier Tanning. Area demographics include a population of 97,507 within five miles earning $60,999 as the average household income. The average daily traffic count is 10,951 vehicles along Main Street. West Chester – Westtown Village, located at the intersection of Route 202 and Route 926, has a space of 2,000 sq.ft. available, along with a space of 54,764 sq.ft., which can be divided, and a pad site. Cotenants include Pet Kraze, Great Clips, First Niagara Bank, TD Bank and McCormick Karate. Area demographics include a population of 176,379 within seven miles earning $115,171 as the average household income. For more information regarding Bryn Mawr Village, contact Steve Niggeman or Glenn Marvin, Metro Commercial Real

Ohio Cleveland – Village Green Shopping Center, a 46,301 sq.ft. center located at the intersection of Euclid Avenue and Cornerstone Drive, has two spaces of 2,600 sq.ft. available, along with a space of 11,000 sq.ft. Cotenants include Save-A-Lot, Jackson Hewitt, Pizza Hut, Rent-A-Center and Key Bank. Area demographics include a population of 255,837 within five miles. For more information, contact Albert Silvera, Surrey Equities, LLC, 40 Fulton Street, 6th Floor, New York, NY 10038; 212-619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.

Pennsylvania Bryn Mawr – Bryn Mawr Village, a 35,000 sq.ft. center located at the intersection of West Lancaster Avenue and North Merion Avenue, has spaces available. Area retailers include Acme, Eastern Mountain Sports,

(continued on page eighty-six)

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Page 84 | December 12, 2014

A Full Service Real Estate Organization in Upstate New York Representing 2,000,000 Square Feet of Retail Space Inlcuding the Following Tenants: Advance Auto • Big Lots • Family Dollar • Five Guys Texas Roadhouse • Subway • Panda • Ace Hardware Dunkin Donuts • Harbor Freight Tools • McDonalds • Cato

Barry Feinman • Kenneth Brownell Paul Bulmer • Steven Lerner • Christopher Farrell Fred Monaco • David Welcome www.vanguardfine.com 1529 Western Ave, Suite #102 / Albany, New York 12203 518.862.0861 Dealmakers Magazine | www.dealmakers.net

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SPACE PLACE Pennsylvania (continued from page eighty-four)

Estate, Inc., 610-260-2667/2674; Email: sniggeman@metrocommercial.com; Web site: www.metrocommercial.com. For more information regarding Sunset Crossing, contact Pat Gallagher, 610-260-2676; Email: pgallagher@metrocommercial.com; For more information regarding Westtown Village, contact Joe Dougherty, 610-2602670; Email: jdougherty@metrocommercial.com. Elkins Park – Yorktown Plaza, a 75,000 sq.ft. neighborhood center located at the intersection of Old York Road and Church Road, has spaces of 1,620 sq.ft. and 1,883 sq.ft. available. Cotenants include Walgreens, Cosí and T-Mobile. The asking rent is $17 to $18 psf NNN. For more information, contact Jason Abrams, Abrams Realty & Development, 267-567-5006; Email: jason@abramsrealty-dev.com. Harrisburg – A 13,508 sq.ft. center located along Eisenhower Boulevard, has spaces of 1,050 sq.ft., 2,100 sq.ft. and 6,200 sq.ft. available. Cotenants include Domino’s.

Page 86 | December 12, 2014

Pennsylvania

Area demographics include a population of 148,921 within five miles earning $59,290 as the average household income. Also – A 145,151 sq.ft. center located along Derry Street, has spaces of 2,100 sq.ft., 3,000 sq.ft., 3,600 sq.ft. and 8,600 sq.ft. available. Cotenants include Transcore, Bowers Flooring, Marino’s Pizza, Floor Max, Jesse’s Dance Studio and Signal 5 Fitness. Area demographics include a population of 122,362 within five miles earning $69,773 as the average household income. Lancaster – Shoppes at Landis Valley, a 60,215 sq.ft. center located at the intersection of Route 272 and Landis Valley Road, has a space of 2,037 sq.ft. available. Cotenants include CVS, Susquehanna Bank, Uptown Petz, Great Clips and Giant-To-Go. Area demographics include a population of 44,199 within three miles earning $91,056 as the average household income. Lititz – The Shoppes at Bloomfield Village, a 63,348 sq.ft. center located at the intersection of Lititz Pike and Bloomfield Drive, has spaces of 1,383 sq.ft. and 2,075 sq.ft. available. Cotenants include Little Gym, Tropical Smoothie, Edible Arrangements, FroZone

and Subway. Area demographics include a population of 106,378 within five miles earning $77,795 as the average household income. The average daily traffic count is 22,386 vehicles along Lititz Pike. For more information regarding the sites in Harrisburg, contact Marisa Benjamin, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Email: mbenjamin@lms-pma.com; Web site: www.lms-pma.com. For more information regarding Shoppes at Landis Valley or The Shoppes at Bloomfield Village, contact Wilay Boensch, Email: wboensch@lms-pma.com. Hazelton – Valmont Plaza, located at the intersection of Congetia Drive and Susquehanna Boulevard, has spaces from 2,000 sq.ft. to 96,600 sq.ft. available. Cotenants include Michaels, Big Lots and Tractor Supply Co. Area demographics include a population of 52,674 within five miles earning $51,998 as the average household income. The average daily traffic count is 15,000 vehicles along Susquehanna (continued on page eighty-eight)

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516-741-7400 www.BreslinRealty.com 500 Old Country Road, Garden City, NY 11530 VISIT US AT BOOTH 1226 AT THE 2014 ICSC NY NATIONAL CONFERENCE.

SPACE PLACE Pennsylvania (continued from page eighty-six)

Boulevard. Lancaster – Covered Bridge Plaza, a strip center located at the intersection of Lincoln Highway East and Witmer Road, has spaces available. Cotenants include Target, PetSmart, Panera Bread, GNC, Cost Cutters, Game Stop and Sprint. Area demographics include a population of 65,287 within five miles earning $68,455 as the average household income. The average daily traffic count is 29,000 vehicles along Route 30. For more information regarding Valmont Plaza, contact Chad Stine, Brad Rohrbaugh or Abe Khan, Bennett Williams Realty, Inc., 3528 Concord Road, York, PA 17402; 717-843-5555, Fax 717-843-5550; Email: cstine@bennettwilliams.com; Web site: www.bennettwilliams.com. For more information regarding Covered Bridge Plaza, contact Jeff Herr, Abe Khan, Chad Stine or Brad Rohrbaugh, Email: jherr@bennettwilliams.com. Lehigh County - Whitehall Center, located along MacArthur Road, has up to 19,200 sq.ft. of space available. Cotenants include Saladworks and Pizza Hut. Monroe County – Bartonsville Square, located at the intersection of Route 611 and Route 33/Interstate 80, has a space of 4,813 sq.ft. available, along with a 6,000 sq.ft. restaurant space. Cotenants include Dick’s Sporting Goods. Philadelphia – Plaza Allegheny, located along West Allegheny Avenue, has up to 4,000 sq.ft. of space available. Cotenants include Save-a-Lot. Philadelphia – Abbotts Square, located at the intersection of Second Street and South Street, has spaces of 2,300 sq.ft. and 4,131 sq.ft. available. Cotenants include Garden of Eden Marketplace. For more information, contact Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-9414034; Web site: www.lpre.com. New Kensington – New Kensington Shopping Center, a 108,950 sq.ft. center located at the intersection of Ross Street and Craig Dell Road, has a space of 1,200 sq.ft. available. Cotenants include Giant Eagle, Fantastic Sam’s, Regency Finance, One Main Financial and Subway. Area demographics include a population of 68,730 within five miles earning $53,758 as the average household income. For more information, contact Mike Slusky, Kimco Realty, 10600 West Higgins Street, Suite 408, Rosemont, IL 60018; 847294-6446; Email: mslusky@kimcorealty.com; Web site: www.kimcorealty.com. Page 88 | December 12, 2014

Pennsylvania

Oaks – Oaks Shopping Center, a 42,200 sq.ft. center located at the intersection of Egypt Road and Black Rock Road, has inline spaces from 1,163 sq.ft. to 5,500 sq.ft. available. Cotenants include Anytime Fitness, Schuykill Valley Sports, Hand and Stone Massage, AT&T, Moe’s Southwest Grill, Wawa, Buffalo Wild Wings and Wendy’s. Area demographics include a population of 127,007 within five miles earning $103,339 as the average household income. The average daily traffic count is 20,874 vehicles along Egypt Road. For more information, contact David Goodman or Rob Samtmann, Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 484-4172219/2208, Fax 610-645-5454; Email: dgoodman@equityretailbrokers.com; Web site: www.equityretailbrokers.com.

For more information, contact Albert Silvera, Surrey Equities, 40 Fulton Street, 6th Floor, New York, NY 10038; 212619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com.

Pottsville – Fairline Village Mall, a 405,000 sq.ft. center located along Pottsville St. Clair Highway, has inline spaces from 144 sq.ft. to 8,400 sq.ft. available, along with a 7,000 sq.ft. restaurant space. Cotenants include Kohl’s, Michaels, Boscov’s, Lowe’s, CVS, Hallmark, GNC, Dollar Tree, rue 21, Radio Shack, Super Shoes, Subway and Wells Fargo. The average daily traffic count is 20,000 vehicles. For more information, contact Barry Borsky, Levin Management Corp., 800-4880768 Ext. 283; Email: bborsky@levinmgt.com. Radnor – St. David’s Square, a 219,000 sq.ft. community center located at the intersection of East Lancaster Avenue and North Radnor Chester Road, has spaces of 1,867 sq.ft. and 2,467 sq.ft. available. Cotenants include Giant, Home Goods, Bed Bath & Beyond, T.J. Maxx and Smashburger. Area demographics include a population of 57,327 within three miles earning $169,701 as the average household income. For more information, contact Olshan Properties, 600 Madison Avenue, 14th Floor, New York, NY 10022; 212-935-1330; Email: leasing@olshanproperties.com; Web site: www.olshanproperties.com. Scranton – Crossgate Plaza, a 61,367 sq.ft. center located at the intersection of North Keyser Avenue and Oak Street, has spaces of 1,500 sq.ft. and 3,209 sq.ft. available. Cotenants include Dollar General, KFC, Burger King and PNC Bank. Area demographics include a population of 132,271 within five miles earning $53,020 as the average household income.

West Chester – Turner Square, a 28,505 sq.ft. strip center located at the intersection of Paoli Pike and Turner Lane, has a space of 1,280 sq.ft. available. Cotenants include Chipotle, Bryn Mawr Trust, Sun Tan City, Let’s Yo Frozen Yogurt and Bike Line. Area demographics include a population of 110,913 within five miles earning $120,982 as the average household income. The average daily traffic count is 22,921 vehicles. For more information, contact Damon DiPlacido, Arrow Real Estate Services, 555 East City Avenue, 11th Floor, Bala Cynwyd, PA 19004; 215-275-1679; Email: damond@arrowrealestateservices.com; Web site: www.arrowrealestateservices.com.

Tennessee Goodlettsville – Village at Rivergate, a 164,106 sq.ft. center located along Gallatin Road at Rivergate Mall, has spaces available. Cotenants include Target, Jo-Ann Fabrics, Chuck E. Cheese, Sally Beauty Supply, Game Stop and Salon Serenity. Area demographics include a population of 121,434 within ten miles earning $62,503 as the average household income. For more information, contact Richard Wilson, Hendon Properties, 3445 Peachtree Road, Suite 465, Atlanta, GA 30326; 404-9261536; Email: rwilson@hendonproperties.com.

Texas Houston – Fondren Southwest Village, a 305,363 sq.ft. center located at the intersection of West Bellfort Avenue and Fondren Road, has spaces from 1,600 sq.ft. to 4,000 sq.ft. available. Cotenants include Anna’s Linens, Shoe Show, Planet Fitness, Fiesta, Citi Trends, dd’s Discounts, Palais Royal, Dots, Subway and Burger King. Area demographics include a population of 552,064 within five miles earning $72,764 as the average household income. For more information, contact Albert Silvera, Surrey Equities, 40 Fulton Street, 6th Floor, New York, NY 10038; 212619-0059, Fax 212-619-0069; Email: albert@surreyequities.com; Web site: www.surreyequities.com. (continued on page ninety)

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SPACE PLACE Texas (continued from page eighty-eight)

Houston – A divisible space from 1.0 acres to 2.5 acres is available at the intersection of Northwest Freeway and Jones Road. Area retailers include Sam’s Club, Harbor Freight Tools, Louisiana Kitchen, CVS, Advance Auto Parts and Walgreens. Area demographics include a population of 255,593 within five miles earning $84,187 as the average household income. La Porte – La Porte Retail Center, located at the intersection of Fairmont Parkway and Farrington Street, has spaces from 1,200 sq.ft. to 7,200 sq.ft. available. Area retailers include Walmart Supercenter, Discount Tire, Jack in the Box, Walgreens, Firestone and Subway. Area demographics include a population of 103,672 within five miles earning $92,930 as the average household income. The average daily traffic count is 40,392 vehicles along Fairmont Parkway. For more information, contact Martin Turner or Terence Bell, Retail Solutions, 281445-0033; Email: martin@retailsolutions.us. Southlake – Jellico Square, located at

Texas

Virginia

the intersection of Southlake Boulevard and Randol Mill Avenue, has a pad site available. Cotenants include Sprouts Farmers Market, The Little Gym, Massage Envy and Chase Bank. Area demographics include a population of 49,467 within three miles earning $133,631 as the median household income. For more information, contact Armstrong Development Properties, Inc., 122 West John Carpenter Freeway, Suite 160, Irving, TX 75039; 972-8698055, Fax 972-869-8055; Web site: www.armstrongdev.com.

Richmond – Street level spaces of 1,516 sq.ft., 1,700 sq.ft. and 7,515 sq.ft. are available along West Broad Street. Area retailers include Bistro 27, Tarrant’s Café and Max’s Tavern. For more information, contact Jeff Doxey, Harrison Hall or Peter Vick, NAI Eagle, 2250 Old Brick Road, Suite 240, Richmond, VA 23060; 804-217-6904/6903/6905; Email: jeffdoxey@naieagle.com; Web site: www.naieagle.com.

Virginia Arlington – A 2,604 sq.ft. street level retail space is available at the intersection of 14th Street and Troy Street. The asking rent is $35 psf NNN. For more information, contact Bill Miller or Alex Walker, Miller Walker Retail Real Estate, 2715 M Street, Suite 200, Washington, DC 20007; 202-333-0339/0079; Email: bill@millerwalker.com; Web site: www.millerwalker.com.

Woodbridge – Lynwood Shopping Center, a 62,670 sq.ft. neighborhood shopping center located along Jefferson Davis Highway, has spaces available. Cotenants include Planet Fitness and Durga Grocery Store. Area demographics include a population of 187,299 within five miles earning $103,884 as the average household income. The average daily traffic count is 44,000 vehicles. For more information, contact Shary Thur, Thur Retail, 703-847-0865; Email: sthur@thurassociates.com; Web site: www.thurretail.com. DM

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STATE OF THE INDUSTRY (continued from page sixty-eight)

allowance money than they have in the past.” Tsakiris added, “As vacant spaces continue to be absorbed, the balance of power has shifted from 100% tenant to 50/50.” Fidler noted, “Retailers are asking for more kick-outs and stronger co-tenancy provisions.” One industry expert lamented, “Retailers want more TI money and don’t want to pay for it, and they are taking longer and longer to sign a lease.” Welkis noted, “Retailers are looking for shorter early termination rights and materially more tenant allowances.” Currier remarked, “Retailers still want TI dollars and low rent.” Cram added, “In the net-lease development world, rent constants are dropping alongside Cap rates, but not as fast. Retailers are now figuring out that while there are many developers out there, the number of reliable ones is not increasing as fast as their opening plans.” Lord said, “Retailers are asking for shorter terms with more options to provide flexibility.” Shumacher noted, “Municipalities and the timing to get approval are problematic.” Tsakiris also remarked, “I am a big believer in TIME KILLS DEALS. The biggest recent obstacle is that since the recession, retail tenants take much longer to complete a deal. Deals that would typically have one or two people review from the tenant’s side and take 6 weeks to 90 days, now can take up to 1.5 years and have 5+ people review. Everyone from operations, real estate, construction and more now want to review leases. It simply takes too long and jeopardizes deals.” Cram also noted, “Getting tenants to negotiate and complete leases after the LOI is signed is taking longer.” Steve Gillman, with The Shopping Center Group and a tenant rep for Smashburger, Sonic, Pet Supplies Plus and Rite Aid added, “The active tenants want larger TI contributions and bigger work letters. Tenants are limiting their guarantees and requiring termination rights.” The acquisition of retail assets is “Class A, grocery-anchored in a state of hyper shopping centers in established spending with the retail hubs remain the ‘darling’ tightest inventory of shopping centers on of the institutional investment the market in the past community.” decade. According to Levin Management’s Joseph Lowry, director of acquisitions/business development for the North Plainfield-based retail real estate services firm, a trend he’s come across is an increased interest in smaller properties. Lowry further explained, “Class A, grocery-anchored shopping centers in established retail hubs remain the ‘darling’ of the institutional investment community. However, recently we are seeing more private-player interest in smaller properties – those assets under and around 50,000 square feet that may be unanchored or have a drug store or junior anchor tenant.” Lowry also said, “And because leasing velocity has improved markedly over the past 12 to 18 months, valueadd opportunities in this niche are also attracting more attention. However, flight to quality rules regardless of asset size and type. For value-add plays, investors are also being highly selective, focusing on under-retailed, infill locations and markets with high barriers to entry. While this trend is increasing in popularity, smaller center scenarios can present hurdles.” Lowry further noted, “A significant percentage of properties in this class are privately held, family-owned real estate. While they may not want their properties out on the market publicly, they are interested in selling if the right buyer comes along. On the flip side, investors need to be more careful than ever before when it comes to buying properties. The retail industry is changing, and challenges facing brick-and-mortar properties – such as the reduction in number, or Page 92 | December 12, 2014

right sizing of stores by national and regional tenants as well as the growth of e-commerce – require buyers to vet potential investments thoroughly and with a healthy sense of caution.” An industry expert noted, “I think REITs will continue acquiring retail centers at a rapid pace; however there are fewer assets on the selling block than last year. I also expect interest rates to increase in the next year.” Harding added, “REITS will remain among the most active pursuers of retail investment opportunities. The market for institutional-grade retail remains quite limited in the Northeast, although we are seeing a slight increase in property trades compared to the recent past. Those properties that do come online are drawing significant investor interest and trading at healthy pricing.” Cram has a different take, he said, “It’s cheaper to buy a competitor REIT than to buy individual shopping centers right now. Also, most good assets are already owned by REITs. More product will come on the market through 2015 to 2017 as the largest pool of CMBS mortgages come due and borrowers don’t have enough cash flow to refinance.” Cram also expects short term interest rates to go up and long term rates will stay nearly the same. He described this as “flattening the yield curve.” Another cause for concern is low Cap rates. “Prevailing Cap rates are scary and seem hard to sustain but there’s still a lot of money chasing deals,” said Shumacher. Sax predicts that Cap rates will only continue to sink and that buyers will be stretching for deals. Schuckman noted, “Cap rates are low and it’s a reflection of the limited amount of product available, coupled with the historically low interest rates.” Lord added, “I expect Cap rates to stay compressed.” Harding concurred, “Cap rates are at historic lows and will stay there until interest rates rise.” Lowry noted “Cap rates have compressed considerably and credit is readily available once again. As such, leasing, investment demand and pricing are all quickly returning to pre-recession levels, presenting an ideal time for owners to stabilize or reposition their properties and test the market. There is a huge inventory of solid smaller shopping centers in the Northeast that are highly marketable to private investors within this context.” Lowry further explained, “For example, earlier this year Levin Management took on the leasing of a small shopping center in central New Jersey. At the time, one, 7,500 square foot vacancy represented 20 percent of its GLA. We successfully secured a desirable tenant to fill the space and recently began to selectively look for a buyer. Interest has been robust.” Cram added, “Compared to the past, Cap rates are too low and prices are way above replacement costs. But when compared to other investments outside of real estate, commercial real estate is still a relative bargain; if you know what you are doing. In the event interest rates go up a bunch, real estate will get hurt, but bonds and stocks will be road kill. High leverage loans, i.e. 70%+LTV, with no amortization is a sucker’s game as most suburban retail naturally depreciates over its life. Add in that at a 6% Cap rate, it takes a 17% rise in net income to offset a Cap rate increase to 7%, not having amortization is just pulling your property in the future default receivables column.” Most of our experts feel as though the 2014 holiday season has the makings to be a stellar one. Harding noted, “Consumer spending ties directly to consumer confidence. As the economy continues to improve, shoppers may feel greater job security and have more discretionary income heading into the holiday season. The recent drop in gas prices also may enable more people to allocate some extra dollars towards buying gifts and decorations this year.” Lanyard (continued on page ninety-four)

Dealmakers Magazine | www.dealmakers.net

INDEPENDENCE PLAZA

2465 S Broad Street, Hamilton, NJ 08610 Mercer County

Available Space from 1,500 – 56,000SF

Property Size 252,321 SF total, approx 27 acres Available Space Stores from 1,500 - 56,000SF Parking 1,600 Parking Spaces

Signage Oversized Pylon Sign Facing S. Broad Street (RT. 206) Demographics Population of over 165,000 within 5 miles with an average household income of over $71,000

For more information Joe Jemal or Sam Jemal • phone (212) 239-8580 • email info@jjop.com www.independenceplazanj.com

STATE OF THE INDUSTRY (continued from page ninety-two)

OPTIMIZE YOUR

TENANT MIX ANALYSIS MODELING STRATEGY PROSPECTING VISIT US AT THE ICSC NEW YORK CONFERENCE! BOOTH #764 1.800.732.5856 • ann@dealmakers.net Page 94 | December 12, 2014

added that confidence this holiday season will be very high because unemployment is low and that he expects “holiday spending will be huge this year.” Schuckman expects to see an extremely strong season. Currier also expects “consumers will spend more, but they are still looking for deals.” Tsakiris said, “The recovery is only now starting to affect the average laborer, truck driver, etc. I think we will see a sizable uptick this holiday season.” An industry expert said, “Higher consumer spending this holiday season will translate into more stores coming to the Northeastern market.” Rubens added, “I can see the 2014 holiday season coming in at a record high, because we are seeing the tourism market in areas like Times Square, Lower Manhattan and the High Line continue to grow and reach record levels. Consumer confidence is still doing well.” Welkis was more cautious and remarked, “I think people are still concerned about the economy and job security, so spending will be more conservative, and retail sales around Christmas will be relatively flat compared to last year.” Fidler concurred, “I see another stagnant holiday season. Nationally, the stock market is up, gas prices are down and unemployment is falling, but the U.S. average household income has not increased. Families are making the same and spending more to live and they have little discretionary spending available. This holiday season will be another credit-based spending season, with consumers hungry for deep sales and frequent buyer discounts. There is very little loyalty in the consumer market. Retailers are buying sales.” As new retailers lease up space, new centers break ground and consumer confidence continues to rise, the retail industry will only continue to grow stronger. The shopping center industry’s resilience is reflected in the positive outlook from most of our industry experts. As new retail uses emerge, not only have the dynamics of a traditional tenant mix changed, shopping center leases have also morphed to better reflect a newly-defined shopping center tenant mix, showcasing not only traditional retailers, but medical and government uses, as well. The consensus of our experts is that the shopping center industry is solid and although some markets are rebounding quicker than others, business will continue to get better and retail remains the backbone of the U.S. economy. Cram noted, “Even after the baby boom generation moves on, we will still have over 50 million more people living in the U.S. by 2050. And yes, there will still be a retail industry that will D need physical commercial space in 2050.” M Dealmakers Magazine | www.dealmakers.net

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MOST VALUABLE PLAYERS Aguadilla Mall......................................................................... Pg. 77

First Western Properties........................................................... Pg. 73

AmCap Incorporated............................................................... Pg. 71

FoodTenants.com.................................................................... Pg. 89

ARC Property Trust.................................................................. Pg. 67

FreestandingTenants.com........................................................ Pg. 91

Arrow Real Estate Services....................................................... Pg. 64

Friedland Realty Advisors........................................................ Pg. 45

Ascena Retail Group, Inc...................................................Pgs. 20-21

Gerard Construction Corp....................................................... Pg. 82

AutoZone................................................................................ Pg. 24

Goldstein Group, The.............................................................. Pg. 35

Breslin Realty.......................................................................... Pg. 87

Hutensky Capital Partners........................................................ Pg. 37

Broadwall Consulting Services................................................. Pg. 39

Jeffery Realty........................................................................... Pg. 32

Centros Commerciales de P.R.................................................. Pg. 83

JJ Operating Real Estate Investments........................................ Pg. 93

Cullinan Properties, Ltd........................................................... Pg. 25

Kin Properties.......................................................................... Pg. 41

Dealmakers, The..................................................................... Pg. 95

Learning Experience, The........................................................ Pg. 26

Directory of Major Malls.......................................................... Pg. 90

Legend Properties, Inc............................................................. Pg. 70

Envoy NNN............................................................................. Pg. 61

Legend Properties, Inc............................................................. Pg. 79

Excess Space Retail Services, Inc.............................................. Pg. 33

Levin Management.................................................... Pgs. 50-51, IBC

Feil Organization, The....................................... Pgs. 7, 9, 11, 13, BC

LMS Commercial Real Estate................................................... Pg. 49

Page 96 | December 12, 2014

Dealmakers Magazine | www.dealmakers.net

Over 5,000

retailers lOOking fOr lOcatiOns How accurate is the information? Online information is updated daily. The CD-ROM is burned the day of your order. All listings are verified by phone, mail or fax with the retailer and updated in the past nine months. What types of chains are in TenantSearch? Tenant Search includes national and regional chains in addition to local chains with 60+ types of retail uses. Can the info be used with other software? All information on the CD-ROM can be exported into Excel, ACT, Access and Ascii. All information from searches online can be saved to your hard drive. Do I need any other software? You can use TenantSearch’s self-loading CD-ROM to print reports, labels and letters; look up by name, use, store size, etc., plus you can save searches. You can use any Web browser online, access up-todate information, print letters and save searches. Get the details on over 5,000 retailers. TenantSearch provides: Contact Name for Director of Real Estate or Tenant Rep; Parent Company; Trade Name(s); Address; Phone; Fax; Email; Web site; Number of Stores in the Chain; States where the stores operate; Projected store openings in the next 18 months; States of interest for new sites; description of merchandise; Customer profile and competition; Demographic requirements; Preferred type of site; Lease terms; Preferred cotenants.

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Daily Email Alerts Retailer expansion plans are updated daily and TenantSearch users receive leads daily via email for online users. TenantSearch matches ideal tenants to your site. Simply plug in the parameters of your retail property and retail uses you desire, and within seconds you’ll have a list of prospective tenants for your location.

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MOST VALUABLE PLAYERS Mehlich Associates.................................................................. Pg. 46

Shopping Center Group........................................................... Pg. 23

Milbrook Properties, Ltd.......................................................... Pg. 15

Silbert Realty & Management Company, LLC........................... Pg. 68

Millman Search Group............................................................ Pg. 86

Summit Realty, LLC................................................................. Pg. 76

NAI Global.............................................................................. Pg. 63

Sutton Real Estate Company, LLC............................................ Pg. 66

NAI Long Island....................................................................... Pg. 84

TenantSearch........................................................................... Pg. 97

Nassimi Realty......................................................................... Pg. 43

TKO Real Estate Advisory Group............................................. Pg. 94

Olshan Properties.................................................................... Pg. 52

Urstadt Biddle Properties......................................................... Pg. 47

Pliskin Realty and Development, Inc....................................... Pg. 40

Vanguard-Fine, LLC................................................................. Pg. 84

Pyramid Brokerage Company.................................................. Pg. 42

Weingarten Realty................................................................... Pg. 19

RD Management, LLC.......................................................Pgs. 57-60

Weiss Realty............................................................................ Pg. 81

Retail Brokers Network............................................................ Pg. 27

Welco Realty, Inc,.............................................................Pgs. 28-29

Ripco Real Estate..................................................................... Pg. 85

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

RJ Brunelli & Company, LLC.................................................... Pg. 34

WLS Lighting........................................................................... Pg. 96

Royal Properties...............................................................Pgs. 48, 69

WRE Brokers........................................................................... Pg. 65

Schuckman Realty, Inc.............................................................. Pg. 5

Zelnik & Company, LLC.......................................................... Pg. 31

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LEVIN’S FEATURED OPPORTUNITIES IN PENNSYLVANIA Bradford Plaza I West Chester, Pennsylvania

GLA: 160,970 SF Inline and End Cap Spaces Available from 1,318 - 7,892 SF as well as a Proposed 4,300-SF Pad Site

• 160,970-square-foot center anchored by Giant and

Walgreens and strong national tenants including Petco, Dollar Tree and Sally Beauty

• Bradford Plaza is located in the heart of Chester County with quick access to major roadways

• Abundant parking and signalized access from Route 322 •

Minutes from busy downtown West Chester, West Chester University, West Chester’s Business District and QVC World Headquarters. Population over 100,000 with 16 public schools within a 5-mile radius Leasing Contacts: Marcia Minton 908-226-5268 mminton@levinmgt.com

Barry Borsky 610-952-3700 bborsky@levinmgt.com

Fairlane Village Mall I Pottsville, Pennsylvania

GLA: 405,000 SF

Join Kohl’s, Michaels and Boscov’s Flexible spaces between 800-8,400-SF and existing 7,000-SF restaurant

•

Located on Pennsylvania Route 61, less than a mile from the county seat in Pottsville

•

Fairlane Village Mall is at the heart of Schuylkill County’s primary retail area

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Anchored by Kohl’s, Michaels, Boscov’s Department Store and Lowe’s Home Improvement, a shadow anchor Leasing Contact: Barry Borsky 610-952-3700 bborsky@levinmgt.com

Levin Management Licensed Real Estate Broker 975 US Hwy 22, N. Plainfield, NJ LEVINMGT.com I 800-488-0768

Visit us at Booth #826 at the ICSC NY National Deal Making Conference on Dec. 8-9th 6 Decades of Creating Value for Owners of Retail Real Estate

CONCOURSE PLAZA BRONX, NY

New Leasing Opportunities in the Heart of the Bronx. NE FAÇAW DE

15,031 SF – 38,513 SF New Junior Anchor Space Available

Major Redevelopment Nearly Complete New Façade and Junior Anchors

• Premier two-level, multi-use Bronx shopping destination strategically located just off the Grand Concourse, the major north-south thoroughfare that connects Manhattan and the northern Bronx • Accessible via major area highways and public transportation: Subway 4 B D and Bus Bx6, Bx1, Bx2, BxM4, Bx32

Ready for Occupancy Spring 2015

• On-site parking for 1,200+ vehicles

GLA: 228,638 SF

• Adjacent to the two million square foot Bronx County Court House and four blocks from Yankee Stadium

TENANTS

Smaller Spaces 3,140 SF; 3,556 SF; 7,758 SF Also Available

200-238 E. 161st Street Bronx, NY 10451

7 Penn Plaza, NY, NY 10001 :: 212.563.6557

NOTHING BEATS 60 YEARS OF STABILITY.

feilorg.com

Randall Briskin x218 :: rbriskin@feilorg.com Nicholas Forelli x275 :: nforelli@feilorg.com

Visit Us at Booth 102 at the ICSC NY National Conference.