Shopping Center Digest by shoppingcenterdigest

ICSC NEW YORK DEAL MAKING "The Locations Newsletter" Published Twice Each Month

Vol. 38, Nos. 22 & 23

Box 837 Nyack, NY 10960 Murray Shor - Editor & Publisher

(845) 348-7000, (800) 211-6858

$349 per year

November 24, 2008

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NEW AND EXPANDING CENTERS OVER 501,000 SQ. FT. (Unless mentioned otherwise, all are enclosed, air-conditioned malls)

ALABAMA Bessemer: 200,000 sq. ft. expansion to begin by year’s end on 450,000 sq. ft. Colonial Promenade Tannehill on 87 acres at I-459, Eastern Valley Rd and Pocahontas Rd (See SCD, P. J211); phased expansion to be completed in about 15 to 18 months and include JCPenney, and restaurants such as Red Robin, Krystals and Lamar’s Donuts, and possibly a home improvement retailer; anchors Target, Publix Supermarket, and Premier Cinemas; ; developer Colonial Properties Trust (Bill Leitner), 5607-B W Friendly Ave, Ste. 100, Greensboro, NC 27410, (336) 2994737, Email: wleitner@colonialprop.com. ARIZONA Goodyear: Initial stores including Old

Navy, Petco, Staples, HomeGoods, and TJ Maxx have opened at 2 million sq. ft. Market at Estrella Falls on 106 acres between Encanto Blvd and McDowell Rd and between Bullard Ave and 150th Dr (See SCD, P. J37); outdoor shopping, dining, and entertainment center to include a power center; anchors Dillard’s and Harkins

Theaters; developer Westcor (Karen Maurer), 11411 N Tatum Blvd, Phoenix, AZ 85028, (602) 953-6471, Email: kmaurer@westcor.com. Goodyear: Initial stores including SuperTarget, PetSmart and OfficeMax have opened at 900,000 sq. ft. Canyon Trails Towne Center currently under (continued on P. J244)

Bankrupt Boscov Department Store has signed an asset purchase agreement with a family group led by former chairman Albert Boscov; exact details were not available, but Versa Capital Management had earlier offered $11 million in cash for the

39-store chain...Grubb & Ellis Co has laid off 100 of its lower-producing brokers and plans to replace them with higher producers in what Van Berkel, Executive VP and COO, says is part of a long-term plan to create a more productive brokerage force...Regency Centers has promoted Andre Koeszar to VP, regional officer, for its Atlanta, GA, office...Mervyn's, which filed for Chapter 11 on July 29, has been approved to conduct going out of business sales at its 149 stores...Circuit City will begin immediately closing 155 stores in 55 U.S. markets, and will completely exit 12 of those trade areas by year-end; it filed for bankruptcy (continued on P. J242)

didja hear...???

Strolling the AGORA By Murray Shor As we gave a failing grade recently to last month’s Atlanta ICSC Dealmaking, so should we give a passing grade to the Chicago show, a definite, strong B—with qualifications. Though attendance was down, as were dealmaking and “positive vibes,” the most oft-repeated comment from retailers, developers and brokers was almost a backhanded compliment: “It was so much better than I expected.”

TABLE OF CONTENTS New and Expanding Shopping Centers Over 501,000 Sq. Ft. ............................. Strolling the Agora ................................... Didja Hear??? ............................................ Financial/Sales Results ........................... New And Expanding Shopping Centers 201,000-500,000 Sq. Ft. ........................ New And Expanding Shopping Centers Up to 200,000 Sq. Ft. ............................ Upscale, Specialty, Urban Mixed-Use .... Centers With Lease Space Available .................................... Retailers Seeking Space .......................... Classifieds .................................................

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And there was a lot of wheeling and dealing and networking taking place throughout the full-day of dealmaking; the last half-day was, as expected, verrrrrrrrrrrry sloooooooooow. We can’t take the meeting out of context; it must be considered in light of conditions within the industry and as a reaction to the stressful economic pressures within the country. To those with 40-some years in this marketplace, “It’s the worst I have ever experienced.” Immediately we could see this reflected in substantial cancellations of hotel reservations, as many opted to come for a day and then head home that night to reduce costs, with some even flying in and out the same day. You could see it also from the trimmeddown amenities at the suites above the main exhibit area: fewer representatives, less lavish refreshments, a hushed, toned-down atmosphere. And there was the noticeable, personal fear expressed by many younger attendees as they heard of major cut(continued on P. J242)

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RETAILERS SEEKING SPACE Page J261-263 • Abuelo's Mexican Food • Adrenalina • Al's Formal Wear • Bennigan's Grill & Tavern • Build-A-Bear Workshop • Cato and It's Fashion! • Chick-fil-A • Coach • Coldwater Creek • Druxy's Famous Deli Sandwiches • Hart Stores • Henri Bendel • Hurricane Grill & Wings • Jimmy Jazz • Kira Plastinina • Mama Fu's Asian House • Muscle Maker Grill • OfficeMax • Pizza Nova • Red Mango • Safeway Inc • Salad Creations • Second Cup • Serious Coffee • Shoppers Drug Mart • SuperValu Inc • Target and SuperTarget • Tattoo Nation

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Strolling the AGORA

(continued from P. J239) backs by landlords and tenants. One seasoned veteran told me he was constantly being asked by subordinates: “Should I go back to law school [or go for my master’s] until conditions improve?” Get A Dialogue Going One national retailer criticized those tenants who avoided this and similar shows “because they weren’t open to buy” at this time. “You always have something to talk about, and should get a dialogue going [with landlords]. These conditions will turn around, you’ll be expanding again, and you must keep the door open and the relationships going.” When it was pointed out that many of the discussions start with a request for a rent reduction or a give back, “But you’re talking and trying to reach an agreement that both parties can live with.” A leading developers with about "The Locations Newsletter"

Tel: (845) 348-7000

Editor-Publisher ................................. Murray Shor, Ext. 201 .................. scdigest@shoppingcenters.com Managing Editor ............................ Jennifer O'Neill, Ext. 250 ........ jenniferoneill@shoppingcenters.com Circulation... .................................. Ext. 206 Shopping Center Digest (ISSN 0885-209X, USPS 112-750) is published twice monthly --except for double issues in February, April, September and December--by Jomurpa Publishing Inc at 20 N. Broadway, Nyack, NY 10960—Telephone (845) 348-7000, Fax (845) 348-7011, (800) 211-6858. Subscription is $349 per year. Periodical postage paid at Nyack, NY, and additional mailing offices. Our e-mail address is scdigestshopping centers.com. Visit our home page at www.shoppingcenters.com. Postmaster: Send address changes to Shopping Center Digest, PO Box 837, Nyack, NY 10960. Copyright © Jomurpa Publishing Inc 2002. All rights reserved. To protect its copyright, Shopping Center Digest requires subscribers to obtain written permission to reprint, not photocopy, any part of its issues. For written permission to reprint published material, contact the editor at (845) 348-7000. Legal photocopies may be made only through the Copyright Clearance Center (CCC) at 222 Rosewood Dr, Danvers, MA 01923, USA, (508) 750-8400, Fax (508) 750-4744.

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100 smaller shopping centers around the country said they are reacting to these pressures: “We’ve formed a committee that meets every week to analyze these requests, see how we can work with these tenants to keep them in business. Each case is handled individually; perhaps we can work out a regular payment plan, maybe an arrangement to get it at the back end, or in a year or so when economic conditions improve. “However, the tenant must be credit-worthy and have a good track record. If the rent is $65,000, for example, and sales have dropped to $300,000, there’s little that can be done, he can’t make it.” The dealmaking that was taking place was mostly with the value-oriented retailers, the dollar stores and the discounters who were still expanding, though at a lower pace than anticipated. As much of the industry was anticipating a poor holiday season in December, this niche is expected to do well. “Many vendors,” said one dealmaker, “who were selling only to the luxury market, have seen sales of their merchandise being cut back by highend retailers who are reducing their inventories. As a result, these designers with name brands will be showing up at Target, Kohl’s, Wal-Mart.” Across-the Board “It’s across-the-board,” said a major mall developer. “I just met with a luxury retailer who showed me sales figures from fashion-oriented, A+

malls across the country, and October sales were down 30-40%. This must impact on the expansion plans of these department stores and apparel and jewelry retailers for 2009 and 2010, and will certainly affect our plans for existing and future projects.” The leasing of space in malls operates on a different wave-length than leasing space in strip shopping centers. With growing vacancies as traditional retailers go dark, there is a growing effort to find replacements that will give one larger complex an edge over a competitor. “It’s not always easy to do this without opposition from mainstream tenants,” said one landlord. “However, with the growing acceptance of tattoos, especially amongst the younger set, we’re considering this as a new specialty tenant; we’re negotiating now with a chain for a few locations in some of our larger, metro markets.” As for the future, the most optimistic mavens of the industry don’t expect us to get out from under for sometime. But, they are hopeful that there will be an ongoing improvement of conditions by the spring. “No matter who wins the Presidential election,” said one, “there should be an uptick at the turn of the year, if only because there will be a change in the White House.” The next big event will be December 8-10 when ICSC sponsors the New York Conference and Dealmaking, second in importance only to the spring convention in May in Las Vegas.

didja hear...??? (continued from P. J239) protection and the company is also reducing future store openings and aggressively renegotiating certain leases...Crate & Barrel has opened its first Canadian store in north Toronto and plans to open other units in such markets as Calgary, Edmonton, Montreal and Vancouver...Wal-Mart says it is cutting back on expansion but will still invest $3.8-$4.8 billion in 2009 capital expenditures for new

stores, mostly smaller locations, and another $1 billion to remodel stores... Developers Diversified says it is suspending projects in Russia and Brazil and will take a more conservative approach as it pursues asset sales; it is selling 13 projects for $890 million and will retain a 20% share and management and leasing fees...Calvin Hileman has joined Heart of America (continued)

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(continued from P. J239) construction on 90 acres at NE and SE corners of Cotton Lane and Yuma Rd (See SCD, P. I903); other tenants will include Home Depot and Ross Dress For Less; developer Vestar Development Co, 2425 E Camelback Rd, Ste. 750, Phoenix, AZ 85016-4220, (602) 866-0900, www.vestar.com. Phoenix: Costco to open a 160,000 sq. ft. store by spring ‘09 at 1.2 million sq. ft. Paradise Valley Mall on 90 acres at Cactus Rd and Tatum Blvd in Maricopa County (See SCD, P. I787); improvements also include new landscaping and improvements; other new tenants will include Spirit Halloween, Nu Smile, Perfumania, Zales Jewelers, and Feng Shui; anchors Dillard’s, JCPenney, Macy’s, and Sears; 150 stores; parking 6400 cars; opened ‘78; population 600,000 within 10 miles; average household income $53,600; developer Westcor Partners/Macerich, 11411 N. Tatum Blvd, Phoenix, AZ 85028, (602) 953-6200, www. macerich.com. CALIFORNIA Oceanside: Plans approved for 950,000 sq. ft. The Pavilion at Oceanside on 92 acres on Rt. 76 and Foussat Rd (former Valley Drive-In property) (See SCD, P. J135); proposed anchors Target 132,000 sq. ft. and Best Buy; developer Thomas Enterprises (Mel Kuhnel), 3604 Carleton St, San Diego, CA 92106, (619) 222-9603, Email: mkuhnel@thomasent.com. Palmdale: Construction continues on 523,000 sq. ft. 47th Street Pavillion on 70 acres at NW corner of Ave R and 47th St E (See SCD, P. J224); anchor SuperTarget 172,815 sq. ft. opened summer ‘08; other tenants will include Home Depot, Ross Dress for Less, Staples, PetSmart, Panera Bread, Burger King, Bank of America, Bath and Body Works, Famous Footwear, and Cold Stone Creamery; developer Hopkins Real Estate Group, 17641 Derian Ave, Ste. 106, Irvine, CA 92614, (949) 270-2400, www. hopkinsgroup.com; leasing Coreland Companies, 17542 E 17th St, Ste. 420, Tustin, CA 92780, (714) 573-7780, www.coreland.com. San Diego: Renovation could begin by spring of next year on 740,000 sq. ft. Westfield Horton Plaza on 12 acres

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at Broadway & G St, First & Fourth Aves in San Diego County (See SCD, P. I831); portion of the building that was once home to Robinsons-May and Planet Hollywood to be gutted and “opened up” to the street, Horton Plaza Park, and the rest of the center itself; reconfiguration could add as many as 14 tenants and an updated food court; anchors Macy’s and Nordstrom; 140 stores; parking 2170 cars; opened ‘85; population 2,670,000; average household income $53,600; developer Westfield America Inc, 11601 Wilshire Blvd, Ste. 1200, Los Angeles, CA 90025, (310) 478-4456, www. westfield.com. Walnut Creek: Neiman Marcus to

open a 107,000 sq. ft. store in late ‘10 or early ‘11 at 700,000 sq. ft. Broadway Plaza on 30 acres at Mt. Diablo and S Main St in Contra Costa County (See SCD, P. J61); development will require a 20% reduction in parking spaces, which is now 3,000; anchors Nordstrom, Macy’s, and Macy’s 2; 70 stores; opened ‘51; population 467,586 within 10 miles; average household income $104,872; developer The Macerich Co, 401 Wilshire Blvd, Santa Monica, CA 90401, (310) 394-6911, www.macerich.com. FLORIDA Miami: New construction to add Nike Outlet 10,000 sq. ft., Calvin Klein (continued)

didja hear...??? (continued from P. J242) as VP-real estate leasing; he had been with Cullinan Properties...After closing 75 stores in December '07, Value City Department Stores has filed for Chapter 11; the company will close its 66 remaining units in the Midwest, mid-Atlantic, and Southern U.S....Best Buy Co has launched a new version of its "Mobile Life" stores in three malls including The Mall of America; the new concept will feature cell phones, laptops, handheld devises, and accessories... Due to "not being in the best interests" of the company’s stockholders Farmington Hills, MI-based Agree Realty Properties’ Board of Directors has rejected an acquisition proposal from Compson Holding Corp... Publix Super Markets Inc, which announced its plans to purchase all 49 Albertson’s FL locations for $500 million, has closed on the purchase of the 64,034 sq. ft. store at Spanish Plaines Plaza Shopping Center in The Villages...Cynthia Swanson, a regional real estate manager at Coreland Cos’ Tustin, CA, office, has been named to head up its new Southern CA office in Brea...Linens ‘n Things, which filed for Chapter 11 bankruptcy protection in May, has dropped its reorganization plan and has begun liquidating its assets through an auction...Urban Outfitters Inc is unveiling three We the Free casual apparel stores targeting women in their

20s and early 30s; stores include a 500 sq. ft. location in Brooklyn, NY, an 800 sq. ft. location in Chicago, IL, and a 680 sq. ft. store in Hollywood, CA...After streamlining and reorganizing its operations, moderately priced family apparel retailer Goody's Family Clothing, which currently operates 287 stores in 20 states, has emerged from bankruptcy...In an effort to reduce expenses, Cushman & Wakefield, which is made up of about 6,500 employees, is laying off 200 employees across the country....Steve & Barry's, which recently was purchased out of bankruptcy by investors has named Harold "Hal" Kahn to the position of Chief Executive; Kahn is a 35-year veteran retail executive and former head of Macy's East...Pending legalities,Western Sizzlin Corp has terminated its exchange offer for up to 680,500 shares of Jack in the Box Inc...FL-based Isram Realty Holdings has appointed Shai Moschowits as CEO and has also formed a strategic alliance with the Boca Raton-based Fimiani Development Corp to pursue the acquisition and leasing of class B shopping centers throughout the state; Moschowits previously ran Nadian Realty Ventures LLC; Isram Realty currently owns, leases, and manages 1.5 million sq. ft. of neighborhood and community shopping centers throughout FL.

©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960

(845) 348-7000

(continued) 6,500 sq. ft. and DKNY 3,700 sq. ft.and 15 additional retailers ranging from 2,000 sq. ft. to 9,000 sq. ft. at 1.44 million Dolphin Mall on 112 acres at Florida Turnpike & SR 836 in MiamiDade County (See SCD, P. I120); 18 anchor stores include Bass Pro Shops 100,000 sq. ft., Ross Dress For Less, Linens ‘N Things, Group USA The Clothing Co, Cobb Dolphin 19 Cinemas The Sports Authority; more than 240 stores Victoria’s Secret, Tommy Hilfiger, and Polo; in addition, a new 118-room Courtyard by Marriot opened July ‘08; parking 7400 cars; opened ‘01 population 1,905,693; average household income $63,414; developer Taubman Centers, Inc, 200 E Long Lake Rd, PO Box 200, Bloomfield Hills, MI 48303-0200, (248) 258-6800, www.taubman.com. The Villages: Interior an exterior improvements to 21,000 sq. ft. The Fresh Market and buildout of Nails & Beyond continues at 1.2 million sq. ft. Buffalo Ridge at NE corner of CR 466 and Villages Campus Circle (See SCD, P. J197); in addition, a 7,138 sq. ft. Red Lobster is now under construction;

anchor Wal-Mart Supercenter opened late ‘07; leasing Crossman & Company (Scott Renick), 3309 Wedgewood Ln, The Villages, FL 32162, (352) 7536654, Email: commercialproperty@ thevillages.com. ILLINOIS Antioch: Proposed 600,000 sq. ft. Antioch Marketplace on 84 acres along Rt. 173, south of Little Silver Lake; anchors Kohl’s and Lowe’s; project to also include smaller retailers and restaurants; opening ‘10; developer GMX Real Estate Group, LLC (Andy Goodman), 3000 Dundee Rd, Ste. 408, Northbrook, IL 60062, (847) 680-8600, Ext. 302, Email:asg@gmxre.com. South Barrington: L.L. Bean has opened as part of the initial 350,000 sq. ft. phase of 600,000 sq. ft. The Arboretum of South Barrington outdoor, upscale shopping center on 86 acres at IL Rt. 59 and Higgins Rd (See SCD, P. I921); developer The Jaffe Companies (Dave Cattell), 300 N Nova Rd, Ormond Beach, FL 32174, (386) 673-3100, www.jaffecompanies.com. LOUISIANA Baton Rouge: Remerchandising and

retenanting planned for 1.65 million sq. ft. The Mall at Cortana on 110 acres at U.S. 61, Airline Hwy and Florida Blvd in E Baton Rouge County (See SCD, P. I160); project to include shuffling store locations, downsizing larger, older versions of several national chains, and adding new desireable retailers; anchors Dillard’s, JCPenney, Sears, Mervyn’s, Macy's, and Steve & Barrys University Sportswear; 150 stores; parking 7473 cars; opened ‘76; population 600,000 within 60 miles; average household income $37,500; developer Mall Properties, Inc (Howard Struletz), 654 Madison Ave, New York, NY 10021, (212) 935-1330, Email: hstruletz@ mallproperties.com; leasing The Daniel Group (Rene Daniel), 1 Village Square, Ste. 165, Baltimore, MD 21210, (410) 435-4300, www.danielgroup.net. MARYLAND Columbia: Redevelopment proposed for 1.4 million sq. ft. Columbia Town Center/The Mall at Columbia on 55 acres at I-95, I-70 and U.S. Rt 29 in Howard County (See SCD, P. H488); anchors JCPenney, Sears, Lord & (continued)

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1,000 sf- 6,700 sf available D’Agostino’s Supermarket, CVS, Blockbuster, Starbucks, My Lily Pad, Last Licks, JW Tumbles, Contact Opening Soon: Z-Life Denim Lounge, Paper Tree

Food Lion Center Stephens City,VA

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Craig D. Samson T: 914 468 7300 F: 914 468 7330

©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960

(845) 348-7000

10 Rye Ridge Plaza Rye Brook, NY 10573 E: csamson@winprop.com 11/24/08

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Financial/Sales Results (Figures are compared to previous year’s unless stated otherwise)

Indianapolis, IN-based Simon Property Group reported that Funds From Operations (FFO) for the third quarter rose 10.8% to $463.9 million; Regional mall sales was up .4% to $493 per sq. ft. and occupancy dropped .2% to 92.5%, Premium Outlet Center sales were up 4.2% to $520 per sq. ft. and occupancy dropped .8% to 98.8%...For the month of Oct, iParty Corp said sales were up 3.4% to $17.48 million and comparable store sales rose .6%. The company operates 50 retail stores nationwide...Bruegger’s Enterprises reported that gross sales for the third quarter from its bagel shops rose 8.7% to $45.13 million and comparable store sales rose 1.7%...For the four weeks ended Nov 1, Chico's FAS announced net sales decreased 2.2% to $118.5 million and same-store sales fell 13.4%. The company operates 1,083 women's specialty stores under the names Chico's, White House | Black Market, and Soma Intimates.... Big 5 Sporting Goods Corp reported net sales for the third quarter were $223.2 million, a drop from last year’s $231.3 million; same-store sales declined 6.6%...For the month of Oct, Ross Stores, Inc said sales were upt 4% to $490 million up from $470 million and comparable store sales fell 2%...Seattle, WA-based Nordstrom, Inc reported preliminary sales fell 15.5% to $626 million for Oct and comparable store sales fell 15.7%...Cedar Shopping Centers announced FFO for the quarter ended Sept 30 was $14.4 million compared to $14.2 million and occupancy for the company's stabilized portfolio was 96%...For the four weeks ended Nov 3, Aeropostale, Inc said total sales were up 9% to $127.4 million and same store sales rose 3%. The company currently operates 864 Aeropostale Stores in 48 states and PR, 28 Aeropostale stores in Canada, and 14 Jimmy'Z stores in 11 states... For the third quarter ended Sept 30, Grubb & Ellis reported revenue of $159.2 million, which is a net loss of $44 million; year-to-date ended Sept 30, the company reported revenue of $486.8 million, a loss of $55 million... For the third quarter Orlando,

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FL-based National Retail Properties, Inc reported FFO rose 8.7% to $36.7 million and portfolio occupancy was at 96.9%...For the month of Oct, Abercrombie & Fitch announced net sales of $215 million a loss of 14% and same-store sales fell 20%. In the U.S., the company operates 353 Abercrombie & Fitch stores, 209 abercrombie store, 495 Hollister Co stores, 27 Ruehl stores and 13 Gilly Hicks stores...Retail Ventures, Inc, operator of DSW and Filene's Basement, reported total sales for the 13 weeks ended Nov, 1 increased 2.9% to $503.5 million from $489.4 million and samestore sales fell 3.3%...For the quarter ended Sept 30, The Macerich Co said FFO diluted was $102.1 million or $1.16 per share-diluted, compared to $1.15 per share-diluted; portfolio occupancy was 92.8% compared to 93.5%...Cache Inc announced a net loss of $1.6 million for the quarter, compared with a net income last year of $161,000; net sales fell 4% to $58.1 million, and same-store sales dropped 4%...For the third quarter Rockville, MD-base Federal Realty Investment Trust said FFO was $58.3 million compared to $52.5 million; as of Sept 30, the Trust's portfolio was 95.5% les3ed and 94.8% occupied...Tanger Factory Outlet Centers said FFO for the last quarter rose 9.4% to 70 cents per share, or $26.5 million; same-center net operating income increased 4.7%..For the quarter ended Nov 1, The Gymboree Corp reported net sales of $261.3 million, a 6% increase from $247.6 million and comparable store sales fell 2%. The company operates 614 Gymboree stores, 112 Gymboree Outlet stores, 110 Janie and Jack shops, and 37 Crazy 8 stores...Peet’s Coffee & Tea reported its revenue for the third quarter increased 12.5% to $68.5 million, and net income rose $200,000 to $2 million; it expects share growth for the year to be up 2025%...Charlotte, NC-based Cato Corp reported sales for the month of Oct of $59.5 million compared to $56.9 million and same-store sales increased 4%. The company operates 1,305 stores in the U.S. under the Cato and

It's Fashion! names...CKE Restaurants announced that blended samestore sales for period nine of fiscal 2009 increased 1.2% (1.6% for Carl’s Jr and 0.8% for Hardee’s); unit volume for company-operated stores rose $54,000 to $1,216,000...Eden Prairie, MN-based grocery chain Supervalu Inc said net income for the second quarter fell 14% to $128 million as revenue rose to $10.23 billion from $10.16 billion...Sherwin-Williams Co reported net sales for the quarter rose 3.3% to $2.269 billion, and for the first nine months, sales rose 2.1% to $6.28 billion...RadioShack Corp reported a third quarter net income of $50.2 million compared to $46.3 million and net sales were up 6.4% to $1.022 million...The 59-unit, FresnoCA-based Gottschalks Inc department store chain announced both same-store sales and total sales for the month of Oct decreased 13.4% to $36.1 million... Fashion footwear and accessories retailer Steve Madden, said third quarter net sales increased 13% to $128.1 million... AFC Enterprises, Inc, operator of 1,905 Popeyes restaurants worldwide, reported total domestic same-store sales decreased 2.8% for the third quarter; domestically the company operates 1,571 restaurants... For the month of Oct, Wal-Mart Stores, Inc said net sales were up 2.3% to $28.565 billion and comparable-store sales (without fuel) was 2.4%...Naperville, IL-based OfficeMax Inc announced total sales fell 9.5% to $2.1 billion for the quarter ended Sept 27...For the four weeks ended Nov 1, Limited Brands, Inc reported comparable store sales fell 9% and net sales were $580.4 million compared to $644.7 million. The company operates 3,021 specialty stores through Victoria's Secret, Pink, Bath & Body Works, C.O. Bigelow, La Senza, White Barn Candle Co, and Henri Bendel...The Yankee Candle Co, Inc announced total revenue for the third quarter was up 3% to $181.1 million...Columbus, OH-based Glimcher Realty Trust announced FFO for the third quarter was $18.8 million compared to $20.2 million.

©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960

(845) 348-7000

"EXPANDING RETAILERS" 2009 From ERSn) TAIL E Editio R h REL INGjor Malls 28t D APPA A LE ry of Ma

15th n Editio The 2009, 15th edition of Expanding Retailers contains all the information you need to make contacts and close deals. FILL THOSE VACANT STORES! •

Profiles the leading and expanding chains reported on the previous year

•

Contains Contact Names, Addresses, Telephone Numbers, Fax Numbers, and Email Addresses

• EsWith REW tate/ two indexes to make contact J. C Cohen Real n f o y l l t Ho den ctioeasier -- Alphabetically by store Presi nstru y Vice ng & Co 2th Fl name amil ’S F Y s 4 and by retail category i D ’ 1 y -100 Plann roadway G O O f: Good 0003 1 o B Y . . 0 v c 77 In , N Di ing, Yor k then 2719 S N ew 1 2 ) 2 0 9 - •4 7 0 5Lists the number of new stores R C l o t h n D . C a u Estate E L e 2 l AI P h : ( 2 1 2 ) 2 0 9 ew. c o m S t e p h or of Rea n e es RET ( r sought, their space requirements, r t a c c o : j L t e x G s r Fa 22 dy’s hen@ uper o a d , Di NDIN ly. c o w.com the nn S a r r ow R b - 4 0 0 G o o , T N 3 7 9 l A A o P h 158type of centers, and o E X FTS 000 5 D n Fa ville .jcr e nd J tion: fts a c o f 5 5 5 4 2 J o - A n a n t o K n o x 5 ) 9 6 6 - 2 2 1 0 w w w of Opera geographic areas for expansion A a r R C C n 6 l I 6 8 -4 IC / res, ting tes; p s and t. P h : ( 6 5 ) 7 7 7 m Units ; FABR n Fabric -Ann Sto tly opera in 47 sta 000 sq. f il : (8 gdys.co com x , a n o n 5 R e t a ctory s e F J p 3 r e A of Johe@ s o n l i n e . 83 ; cur uperstor and five f Store O Fa t 6 u div. 3 5 a 2 4 c y s • The prime o o d ration: 3 H 44 nd 172 S nn store VP o 3 3 0 ) 4 6 3 g Co. source of information . O E w , , n g e w ( a r o -A ss & w auowner-developers, f Op r S t o Huds d Crafts sq. ft. Jo d Holmbe 600, Fax ’ I S s for leasing t V . s evi om an LE 0 -2 vi Uni rics 25,00 year. Da 330) 656 n s t o r e s . c of: L heeler tail e . e v n R i o ( t n D managers, brokers -W agents, jo-a open tores nex l Estate, rd M dith nager t a rs berg@ M e r e state Ma o . H & . S h e p h e ger, Eas Supe s a n d R e v i d . h o l m DEALMAKERS!!! a L C E n l i a a n a Re ss & 3 ; L o n state M eratio E m a i l : d Strau y S t r e e t M P 3V lE 111 , Levi REA er N L 3 a n a d a ; Rea t t C O a t A 94ONLY $75 to paid 6660 , E B ham hout C co C 5 0 2 1 2 ) 155 t C o a s t 4th Str ee s k Y, IC 1 i o r c D a h n N g , M 3 s A Fra -12 throu salad y N, D, C r 47 W. or San ) 5 0 1subscribers to Shopping FOO Canada o t t e n Wa s t a u r a n t s ion rings, s i t e s p e (415 Flo : d h e 4 r o n r P 2 3 o Center Digest –pre-paid en A & W o f 3 5 W i n g 6 7 0 h fries, to op p e r a t ers, frenc e s ; p l a n o y l rg nt ch c u r r e ns sell bu n s a n d w i e io locat n d c h i c k a Mail or Fax d o g s to: JOMURPA Publishing Inc., PO Box 837, 20 N. Broadway, Nyack, NY 10960 800-211-6858 FAX 845-348-7011 cto

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See Us at Booth 434, Americas Hall II at the ICSC New York Dealmaking, New York, NY, December 8-10, 2008.

(continued from P. J244) Taylor, Macy’s, L.L. Bean, AMC Theaters, and Nordstrom; 192 stores; parking 7200 cars; opened ‘71; population 787,237; average household income $91,308; developer General Growth Properties, 110 N Wacker, Chicago, IL 60606, (312) 9605000, www.generalgrowth.com. MASSACHUSETTS Dedham: Construction ahead of schedule for $90 million, 675,000 sq. ft. Legacy Place open-air center on 40 acres at Elm St and Providence Pkwy (See SCD, P. J90); anchors include a 16-screen cinema 90,000 sq. ft., Whole Foods 60,000 sq. ft., L.L. Bean 30,000 sq. ft., and Borders; 70 stores; 95% leased; parking just under 3000 cars; opening summer ’09; developer joint venture National Amusements, 200 Elm St, PO Box 9126, Dedham, MA 02027-9126, (781)(781) 461-1600, www.national-amusm.com, and W/S Development Associated (Robert Fraizer), 1330 Boylston St, Ste. 212, Chestnut Hill, MA 02467-2180, (617) 232-8900, www.srweiner.com. NEVADA Summerlin: Opening date pushed back to fall ‘10 for a planned 1 million sq. ft. Shops at Summerlin Centre on 100 acres at I-215 and Sahara Ave (See SCD, P. I711); anchors Robinsons-May, Dillard’s, Macy’s and possibly Lord & Taylor; developer General Growth Properties, 110 N Wacker Dr, Chicago, IL 60606-1116, (312) 960-5000, www.generalgrowth .com. NEW YORK Watertown: 118,000 sq. ft. expansion approved for 646,000 sq. ft. Salmon Run Mall on 68 acres at I-81 N & Rt 3 in Jefferson County (See SCD, P. J125); phased project to include a 30,700 sq. ft. expansion of the Regal Cinemas to open by May ‘09, a 20,000 sq. ft. space next to Burlington Coat Factory, a 41,000 sq. ft. space next to the mall, a 7,500 sq. ft. free-standing restaurant, two free-standing retail spaces of 10,000 sq. ft. and 8,600 sq. ft.; anchors The Bon-Ton, JCPenney, Sears 85,000 sq. ft., Best Buy, Dick’s Sporting Goods; 95 stores; parking 3,600 cars; opened ‘86; last renovated in ‘94; population 310,736 within 10

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miles; average household income $47,977; developer Salmon Run Shopping Center LLC, a subsidiary of The Pyramid Cos, The Clinton Exchange, 4 Clinton Sq, Syracuse, NY 13202-1078, (315) 422-7000, www. pyramidmg.com. PENNSYLVANIA Swatara Twp: Proposed $90 million, 700,000 sq. ft. Swatara Marketplace along U.S. Rt. 322, just W of Mushroom Hill Rd in Dauphin County (See SCD, P. J199); possible anchor Wegman's Food Markets; developer also hoping to acquire an additional 122 acres for a hotel and business complex; developer Regency Centers, One Independent Dr, Ste. 114, Jacksonville, FL 32202-3842, (904) 5987000, www.regencycenters.com. TEXAS Edinburg: Town approves a $16

million tax break for $80 million, 1 million sq. ft. Shoppes at Rio Grande Valley on 130 acres at TX 281 and Trenton Rd (See SCD, P. I787); anchor JCPenney 104,000 sq. ft. may have already opened; developer First Hartford Realty Group (Peter Higgins), 149 Colonial Rd, PO Box 1270, Manchester, CT 06045-1270, (860) 6466555, Email: phiggins@firsthartford.com. VIRGINIA Lynchburg: Planned 1.5 million sq. ft. Lakeside Centre on 209 acres at Lakeside Dr and the Lynchburg Expwy; initial phase to include 750,000 sq. ft.; contractor English Construction Company of Lynchburg, VA is a 50% partner; developer Regency Centers, One Independent Dr, Ste. 114, Jacksonville, FL 322023842, (904) 598-7000, www.regency centers.com.

Daniel Group To Help Re-Tenant Cortana Mall Mall Properties Inc, the managing company for the 1.6 million sq. ft. Mall at Cortana in Baton Rouge, LA, has partnered with The Daniel Group to reorganize the tenant mix at the complex to “complement the department stores and appeal to shoppers.” “With a strategy that includes shuffling store locations, down-sizing large, older versions of several national chains, and adding new retailers desired by our shoppers, Rene Daniel and his team have the experience and proven track record to get the job done,” said Howard Struletz, Sr VP-leasing with Mall Properties. “Just because we’ve been around longer than the other centers in town, doesn’t mean we can’t create a unique place with the stores people want in a way that saves them money as well.” Rene Daniel, founder of of the Baltimore-based company bearing his name, is a recognized expert in the mcerchandising and leasing of regional and specialty centers throughout the US, and consults

for some of the nation’s largest shopping center owner-developers. It is currently leasing five projects, ranging from re-leasing to new development. “Whether we are re-merchandising or re-tenanting projects, our goal is to help each one live up to its potential,” said Daniel. “The Mall of Cortana poses an exciting challenge because, despite increased competition, it remains an extremely viable shopping center.” Located at the intersection of Airline Hwy and Florida Blvd, the mall is anchored by Dillard’s, JCPenney, Foley’s, and Sear’s. “It opened in 1976 and has enjoyed the distinction of being the predominant shopping center in the 13parish southern Louisiana area,” said Daniel. He founded his company 23 years ago and its key executives represent over 90 years combined experience in the shopping center industry. Further information may be obtained from The Daniel Group’s website, www.thedaniel group.net.

©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960

(845) 348-7000

NEW AND EXPANDING CENTERS 201,000-500,000 SQ. FT. ARKANSAS Russelville: Plans approved and ground work may have already begun on 450,000 sq. ft. The Shoppes at Shiloh Creek open-air power center on 70 acres at NW corner of I-40 and Weir Rd; anchor Kohl’s 126,000 sq. ft.; plans show 15 stores in the main area, with another 10 or so stores or restaurants scattered around; center will have a 10-screen movie theater, a bank branch, and a hotel; stores range in size from 8,000 sq. ft. to 64,000 sq. ft.; parking 2,300 cars; opening late ‘09; population 25,000; developer joint venture McGill Property Group of Jupiter, FL, Roosa-Magnano Development of New York, NY, and Colliers International (Steven Lane), 802 SE Plaza Ave, Ste. 104, Bentonville, AR 72712, (479) 636-9000, Email: steve.lane@colliers.com CALIFORNIA Los Angeles: Construction to begin next year on $200 million, 300,000 sq. ft. seven-story vertical mall near the Red Line station at Wilshire Blvd and Vermont Ave; project to include 100 stores under rooftop restaurants and a cinema complex; opening by ‘11; developer J.H. Snyder Co, 5757 Wilshire Blvd, Los Angeles, CA 90036-3635, (323) 857-5546, www. jhsnyder.net. Paso Robles: Ground has been broken on $70 million, 300,000 sq. ft. Golden Hills Plaza on 26 acres at Hwy 46 and Golden Hills Rd in San Luis Obispo County (See SCD, P. I764); anchors Lowe’s 169,112 sq. ft. and Bed, Bath & Beyond 25,000 sq. ft.; 23 stores to also include two ‘mid-boxes’ Circuit City and PetSmart; other tenants will include El Pollo Loco, The UPS Store, Sky Nails & Spa, Supercuts, and Quizno's; developer Regency Centers, One Independent Dr, Ste. 114, Jacksonville, FL 32202-3842, (904) 5987000, www.regencycenters.com. DISTRICT OF COLUMBIA Washington: Renovations planned and new high-end stores including a new Bloomingdale’s SoHo concept store to open in ‘11 at 317,000 sq. ft.

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The Shops at Georgetown Park at Wisconsin & M Sts in Washington County 85 existing tenants include Anthropologie, Victoria Secret, Dean & Deluca, Intermix, J. Crew, Talbots, Ann Taylor, and H&M; in addition, 25 new residential units will be added to the 120 existing units above the mall; parking 650 cars; opened ‘81; population 909,812; average household income $88,398; developer Western Development Corp (Ben Miller), 3255 Grace St, NW, Washington, DC 20007, (202) 295-3045, Email: ben@westdev .com. ILLINOIS New Lenox: Ground has been broken and construction to begin spring ‘09 on 450,000 sq. ft. New Lenox Town Center on 71 acres at Lincoln Hwy (U.S. 30) at Williams St in Will County (See SCD, P. J11); anchors Menards 150,000 sq. ft. and Wal-Mart Supercenter 203,000 sq. ft.; 20 stores will include Aldi, AutoZone, Discount Tire, Panda Express, Petco, Staples, and White Castle; opening spring ‘10; developer McVicker Development LLC (Jeff Middlebrook), 2800 W Higgins Rd, Ste. 650, Hoffman Estates, IL 60169, (847) 884-4825, Email: jeff@mcvickers.net. KENTUCKY Louisville: Planned $50 million to $60 million, 450,000 sq. ft. shopping center on 27 acres at 5101 Outer Loop (just E of Jefferson Mall) in Jefferson County; project to include two two-story department stores of 137,000 sq. ft. and 72,575 sq. ft, a two-story 72,000 sq. ft. sporting-goods store, a 28,000 sq. ft. bookstore, and another 20,900 sq. ft. retail anchor; phased development of eight clusters of buildings to also include seven restaurants, a cafe, and about 25 other stores; parking 1,700 cars; developer Jefferson Development Group (Kevin Cogan), 1706 Bardstown Rd, 2nd Fl, Louisville, KY 40205, (502) 896-2888, Email: kcogan@jeffersondevelopmentgroup.com, leasing CBRE|Louisville (Robert Schwartz, Frank Bellis, Justin Baker, (continued)

Conceiving and Developing Quality Real Estate for 40 Years

Peninsula Town Center Hampton, Virginia

www.peninsulatowncenter.com

Mall Properties, Inc. 654 Madison Avenue New York, NY 10065 Telephone: 212.935.1330 Fax: 212.832.5369

©SHOPPING CENTER DIGEST, PO Box 837, Nyack,leasing@mallproperties.com NY 10960 (845) 348-7000

www.mallproperties.com

C U R R E N T

P R O J E C T S

Introducing Peninsula Town Center, Hampton, Virginia

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

Mercury Plaza, Hampton, Virginia

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

Georgia

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

Louisiana

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

Montana

West Plaza, Glendive—Kmart

New Jersey

The Center at 17, Paramus—Bed Bath & Beyond, T.J. Maxx

New York

Great South Bay (500,000 sf)—Babylon, Long Island Bed Bath & Beyond, Marshalls, Old Navy, Ann Taylor Loft, Panera Bread, Bath & Body Works, The Children’s Place King Kullen Plaza, Babylon, Long Island—King Kullen, Eckerd Drugs Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie, Victoria’s Secret, J. Crew, Sephora, Bebe, Georgette Klinger, H&M Northway Mall (600,000 sf)—Colonie (Albany) Target, Marshalls, Jo-Ann Etc, Staples, David’s Bridal, BJ’s Wholesale Club, Petco, Dress Barn, Eddie Bauer Outlet Parkchester Retail District—Bronx 650,000 sf. of Retail Shops with Macy’s, Offices and 12,000 Apartments Savoy Shops—Third Avenue, 60th-61st Streets, New York City 65,000 sf. of Retail Shops on 3 Levels, Dylan’s Candy Bar

Pennsylvania

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

Virginia

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

Hotels

Residential

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

Parkchester, Bronx, NY 12,271 Apartments 650,000 Square feet of retail

(continued) and Michael Tabor), (502) 429-6700, www.cbrelouisville.com. MASSACHUSETTS Holyoke: Proposed Lowe's home improvement-anchored retail center on 18.7 acres at Whitings Farms Rd near the Holyoke Mall; site to also include additional retail stores; opening sometime between Aug ‘10 and Jan ‘11; developer S.K. Properties Development (Jay Fisher), 342 N Main St, Ste. 200, West Hartford, CT 06117, (860) 570-2000, Email: jfisher@ konoverproperties.com Hudson: Road work has begun to accomodate 360,000 sq. ft. Highland Commons on 167 acres at Rt. 62 near I-495 (See SCD, P. I885); anchors to include a home improvement retailer and a supermarket; set to open in a year or two; developer Sullivan Hayes (Jed Hayes), 10 Waterside Dr, Ste. 200, Farmington, CT 06032-3056, (860) 677-5252, Email: jhayes@ sullivanhayesne.com. MICHIGAN Livonia: Demolition planned for redevelopment of 320,000 sq. ft. Livonia Mall (to be renamed Livonia Market-

Ebay Lists Maryland Center For Sale Ames Plaza Shopping Center, a 128,859 sq. ft. project in Cumber-land, MD, that is 51% occupied, may have been the first shopping center to be listed for sale on the online auction site eBay. According to center owner Steve Leydig, he had received a number of inquiries since the project at 1050 Industrial Boulevard was put up for sale in Aug. It is no longer listed. The anchor, Ames, moved out in 2002 after filing for bankruptcy protection. Other tenants are RentA-Center and Sav-A-Lot. Since then, almost 20 acres in Barstow, CA, near a Wal-Mart Super Center but zoned residential, has been listed and is available through Nov. 20 for $149,000. J252 11/24/08

place) on 40 acres at Seven Mile and Middlebelt Rds in Wayne County (See SCD, P. J125); development to feature eight buildings in a walkable site most likely anchored by Wal-Mart; opened ‘64; population 272,000 within five miles; average household income $53700.00; developer Livonia Phoenix LLC a joint venture of Grand/Sakwa Properties, Lormax Stern and Konover South, 431 Fairway Dr,#300, Deerfield Beach, FL 33441, (954) 354-8282, www.konoversouth.com. MISSOURI Kansas City: Plans approved for $90.5 million, 307,324 sq. ft. Citadel Plaza on 35 acres at 63rd St and Propect Ave (See SCD, P. J200); ‘village-style’ retail center to be anchored by a supermarket; parking 1,200 cars; opening spring ‘10; developer Community Development Corp, 2420 E Linwood Blvd, Ste. 400, Kansas City, MO 64109, (816) 924-5800, www. cdcofkc.org. NEW HAMPSHIRE Seabrook: Planning commission approved 500,000 sq. ft. shopping center on 50 acres at off Povident Way and Lafayette Rd (Rt 1); anchors Target 137,000 sq. ft. and a another anchor of 96,000 sq. ft. (possibly Best Buy); 15 stores; developer Developers Diversified Realty, 3300 Enterprise Pkwy, Beachwood, OH 44122, (877) 2255337, www.ddr.com. PENNSYLVANIA Lancaster: Construction has begun on $30 million power center on 26 acres on Hempstead Rd, near Rt. 30 and next to Costco (vacant Kemps Food plant) in Lancaster County; anchors Lowe’s 117,000 sq. ft. plus a 30,000 sq. ft. garden center and BestBuy 45,000 sq. ft.; other tenants will include a 6,200 sq. ft. restaurant and a 5,500 sq. ft. bank; opening mid-‘09; developer Pennsylvania Real Estate Investment Trust (Shawn Southard), 200 S Broad St, 3rd Fl, Philadelphia, PA 19102, (215) 875-0721, www.preit.com. VIRGINIA Hanover: Planned 360,000 sq. ft. to 425,000 sq. ft. Outlet Shoppes at Richmond at Lewistown Rd and I-95 (in the Winding Brook development), next to the new Bass Pro Shops in Hanover County (See SCD, P. J153);

project to include 80 to 90 stores; developer Horizon Group Properties Inc (Kay Pangraves), One O’Hare Center 6250 N River Rd, Ste. 10400, Rosemont, IL 60018, (847) 292-1870, www.horizongroup.com. WISCONSIN Waukesha: Construction underway on 498,000 sq. ft. The Shoppes at Fox River on 54 acres along Sunset Dr (former Supervalu distribution center) (See SCD, P. J206); anchors Target, Lowe’s home improvement, and possibly Pick ‘n Save; project to include more than a dozen smaller stores and possibly Sonic drive-in; developer Opus North (Jeff Hildahl), 10350 Bren Rd W, Minnetonka, MN 55343, (952) 656-4874, Email: jeff. hildahl@opusnw.com. CANADA Vaughn, ON: Construction may have already begun on 280,000 sq. ft. Rutherford Market Place at NE corner of Bathurst St and Rutherford Rd; anchors Longos food stores 50,000 sq. ft. and Shoppers Drug Mart 17,000 sq. ft.; units ranging from 1,200 sq. ft. to 30,000 sq. ft. are available for restaurants, fitness, financial institutions, books, electronics, medical, dental services and other retail services; population 120,000 within three miles; average household income $116,125; developer First Capital Realty (Rick Green), 400-85 Hanna Ave, Toronto, ON M6K 3S3, (416) 703-3089, Email: rick.green@firstcapitalrealty.com.

Research Scholar Named By ICSC David Wallace, former threeterm mayor Sugar Land, TX, has been appointed by the International Council of Shopping Center as a research scholar for economic development. During his two-year term, he will focus on crerating effective partnerships between local governments and real estate development community. Research scholars work with the trade association to publish books and articles, make educational videos, and speak at meetings and conferences.

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See Us at Booth 434, Americas Hall II at the ICSC New York Dealmaking, New York, NY, December 8-10, 2008.

NEW AND EXPANDING CENTERS UP TO 200,000 SQ. FT.

ALABAMA Dothan: Planned 69,600 sq. ft. Cottonwood Corners at Ross Clark Circle and Cottonwood Corners; anchor Publix 45,600 sq. ft.; 15 stores; project to also include five parcels for develop-ment; opening fall ‘09; developer Aronov Development, 3500 Eastern Blvd, PO Box 235000, Mongomery, AL 36116-1781, (334) 277-1000, www.aronov.com. Dothan: Planned 87,415 sq. ft. Westway community shopping center at U.S. 84 W at John D. Odom Rd; anchor Publix 54,340 sq. ft.; 19 stores; project to also include eight outparcels, including five one-acre lots; opening fall ‘09; developer Aronov Development, 3500 Eastern Blvd, PO Box 235000, Mongomery, AL 36116-1781, (334) 277-1000, www.aronov.com. ARIZONA Scottsdale: Ground may have already been broken on 100,000 sq. ft. Ironwood Festival on 17 acres at NW of Pima Rd and Union Hills Dr (See SCD, P. J190); anchor Fresh & Easy grocery, Walgreens and Tutor Time Child Care; opening Oct ‘09; developer National Retail Development Partners, 3131 E Camelback Rd, Ste. 105, Phoenix, AZ 85016, (602) 2774500. CALIFORNIA Kerman: Planned 75,000 sq. ft. Kerman Neighborhood Shopping Center on 8.47 acres at SE corner of Whitesbridge and Madera Ave in

Fresno County; anchor CVS Pharmacy 13,225 sq. ft.; project to be broken up into nine buildings featuring retail shops and restaurants; leasing Grubb & Ellis, 7480 N Palm Ave, Ste. 101, Fresno, CA 93711, (559) 432-6200. COLORADO Broomfield: Ground has been broken on 152,000 sq. ft. The Shops at Quail Creek on 18 acres at NE corner of Zuni St and 136th Ave (See SCD, P. I852); anchor King Soopers 100, 870 sq. ft.; project to include upscale retailers, banks and restaurants in a pedestrianfriendly environment; parking 800 cars; developer Regency Centers, One Independent Dr, Ste. 114, Jacksonville, FL 32202-3842, (904) 598-7000, www.regencycenters.com. INDIANA Evansville: Proposed 200,000 sq. ft. shopping center with a 9,000 sq. ft. to 10,000 sq. ft. Lucas Oil Center on 73 acres at NE corner of Grimm Rd and Indiana 66 in Warrick County; other tenants will include restaurants, retail stores, and offices; opening over three years; developer Hahn Realty Corp (Gene Hahn), 1136 Washington Sq, Evansville, IN 47715, (812) 477-6980, Email: genejanhahn@aol.com. KANSAS Topeka: Planned 13,000 sq. ft. retail center at SE 29th and Croco; tenants will include CoreFirst Bank & Trust, Quiznos, and Jump Start convenience store; opening spring ‘09; developer J & J Companies (John Brown), 3512

Investors Asks Target To Sell Its Real Estate An investor who owns less than 10% of Target Corp is asking the retailer to spin off the real estate under its stores to a publicly traded REIT as a move to raise the discounter’s stock price. Under the plan from William Ackman of Pershing Square Capital Management, Target, which owns the land under 85% of its stores, would pay the trust $1.4 billion a year under a 75-year J254 11/24/08

ground lease and would retail ownership of the buildings. Some suggest the move could cause debt-rating agencies to lower the retailer’s credit ratings now at A. Bankrupt Mervyn’s is suing its former equity owners, Cerberus Capital Management and Sun Capital, (See SCD, P. J195) charging they stripped it of valuable real estate, nearly doubled its rent, and forced it into Chapter 11.

SW Fairlawn Rd, Ste. 400, Topeka, KS 66614, (785) 235-2750, Email: jjdevelopments@msn.com. Topeka: Planned retail center at 15th and Adams; tenants will include MaidRite, burger and fries joint and Jump Start convenience store; opening spring ‘09; developer J & J Companies (John Brown), 3512 SW Fairlawn Rd, Ste. 400, Topeka, KS 66614, (785) 235-2750, Email: jjdevelopments@ msn.com. KENTUCKY Louisville: Construction could begin spring ‘09 on $13 million, Highview at Hustbourne Center on 14.1 acres just NE of Fegenbush Lane and the new extension of Hustbourne Pkwy; project to be anchored by a 58,000 sq. ft. grocery store and also include two restaurants, a coffee shop, a convenience store/gas station, a bank, and four retail buildings with a total of about 38,000 sq. ft.; parking 482 cars; developer Redlee Construction & Development Co, 10408 Foxboro Dr, Louisville, KY 40223, (502) 4123777. MASSACHUSETTS Boston: A 45,000 sq. ft. Stop & Shop supermarket to anchor $140 million, 155,000 sq. ft. Town Center at abandoned Raytheon and Plaroid property; project to also include retail, restaurant, and office space, and a 2acre town green; opening ‘10; developer c/o Stop & Shop (James Silvia), 1385 Hancock St, Quincy, MA 02169, (617) 770-8626, Email: jsylvia@ stopandshop.com. Wilmington: Construction nearing completion on 70,000 sq. ft. Wilmington Crossing at 275 Main St (across from Wilmington Plaza) (See SCD, P. J32); confirmed tenants include Staples, Starbucks, Kendra & Anthony’s, Danvers Bank, Sleepy’s, Dollar Tree, Pearle Vision, D’Angleo’s, La Chic Nail and Skin-care, Fantastic Sams, and Ruby Tuesday developer Coffman Realty Inc (Michael Coffman), 1300 Belmont St, Ste. 302, Brockton, MA 02301, (508) (continued)

©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960

(845) 348-7000

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(continued) 588-0560, Email: michaelc@coffman realty.com.

(John Culmone), Wilmington, MA 01887, (978) 988-3900, Email: edemelo@richmondco.com.

MICHIGAN Royal Oak: Planned 140,000 sq. ft. grocery-anchored (possibly Kroger) shopping center on 14 acres at 13 Mile and Coolidge Way; developer Grand Sakwa Properties, 32000 Northwestern Hwy, Ste. 125, Farmington, MI 48334, (248) 855-5500.

NEW MEXICO Las Cruces: New owners plan $10 million renovation of 100,000 sq. ft. El Paseo Shopping Center (to be renamed El Paseo Ranch Plaza); center to be anchored Pro’s Ranch Markets 45,000 sq. ft., featuring fresh Hispanic foods and baked goods; seeking national tenants to fill out the center; developer Pro’s Ranch Markets (Gary Gitlin), 1602 E Roosevelt St, Phoenix, AZ 85006, (602) 254-7201, Email: garyg@legalprosranch.com.

MINNESOTA Byron: Construction could begin this fall on 8,000 sq. ft. to 10,000 sq. ft. retail strip mall with four to six tenants W of the Byron Market Place in the High Point Business Center; developer Randy Fogelson, 863 High Point Dr NE, Byron, MN 55920, (507) 259-6765. NEW JERSEY Raritan: 6,000 sq. ft. expansion and facade renovation planned for 157,000 sq. ft. Somerville Circle Shopping Center at SW corner of the Somerville Circle (See SCD, P. F512); tenants include PC Richard & Sons, Petco, Five Below, Toys ‘R Us, Burger King and Panera Bread; opened ‘96; developer Levin Management Corp (David Silver), PO Box 326, Plainfield, NJ 7061, (908) 755-2401, Email: dsilver@levinmgmt.com. NEW YORK Niagara Falls: Commercial rezoning to be voted on for a proposed 146,000 sq. ft. Military Place on 22 acres at Military Rd, across from the Fashion Outlets Niagara Falls (See SCD, P. J234); project to include yet-to-benamed 64,000 sq. ft. national retail anchor store; project to also include a junior anchor store, casual-themed restaurant, a small strip mall, and the existing Perkins Restaurant; developer Benderson Development (Eric Recoon), 570 Delaware Ave, Buffalo, NY 14202, (716) 886-0211, Email: ericrecoon@benderson.com. Rocky Point: Proposed Walgreen'sanchored shopping center on Rt 25A and Hollock-Landing Rd (behind the former CVS) in Suffolk County (See SCD, P. J234; three separate building to also include Bank of American and a Pizzeria Uno Chicago Grill; members of town civic commission want center to be ped-estrian-friendly, “walkable” village; developer The Richmond Co

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NORTH CAROLINA Nags Head: Plans approved for a Food Lion-anchored retail center on 10 acres at 2601 S Croatan Hwy, between the 158 bypass and Wrightsville Ave (See SCD, P. J234; project to also include OBX Bank and the State Employees Credit Union, retail shops, and a 1,400 sq. ft. restaurant; developer Quible and Associates, 8 Juniper Trl, Kitty Hawk, NC 27949-3732, (252) 261-3300. NORTH CAROLINA Havelock: Ground may have already been broken on 21,200 sq. ft. The Sound of Freedom Shoppes on 7.2 acres across U.S. 70 from Wal-Mart; anchor Dollar Tree 9,000 sq. ft.; an adjacent 5,000 sq. ft. space will house a national sports store and there will be four other shops totaling 7,200 sq. ft. with one of those being Game Stop, a national hair salon, and a national cell phone retailer; opening spring ‘09; developer Morton, Crayton Ventures (Fred Morton), Country Club Rd, Trent Woods, NC 28562, (252) 633-4083. PENNSYLVANIA Lancaster: Planned $5 million to $6 million “new urban” shopping center anchored by a community grocery store on 5.7 acres along S Duke St (former Miguel’s nightclub); project to also include retail shops, a full-service restaurant/entertainment venue, and possibly some performing arts space; opening in two to three years; developer Spanish American Civic Association (Carlos Graupera), 545 Pershing Ave, Lancaster, PA 17602, (717) 397-6267. Monroeville: Town Council approves

a two-year extension for a proposed 36,660 sq. ft. expansion behind 38,000 sq. ft. Haymaker Village along Broadway Blvd (See SCD, P. H702); developer The Widewaters Group, Inc (Scott Luedtke), 5786 Widewaters Pkwy, Dewitt, NY 13214, (315) 445-2424. SOUTH CAROLINA West Ashley: $20 million redevelopment has begun on St. Andrews Shopping Center at Savannah Hwy; project to include tearing down nearly half (70,000 sq. ft.) of the center and replacing it with 90,000 sq. ft. of brand new store space including a new 52,000 sq. ft. Harris Teeter supermarket; opening fall ‘09; developer Kimco Realty Corp (Paul Puma), 4425 Randolph Rd, Ste. 204, Charlotte, NC 28211, (704) 362-6107. Email: ppuma @kimcorealty.com. TENNESSEE Memphis: Construction may have already begun on 45,500 sq. ft. Commercial Parkway Shopping Center on 4.3 acres at Elvis Presley and Commercial Pkwy; project to feature four buildings with retail and office space; possible tenants include Domino’s Pizza, Dunkin’ Donuts, FedEx Office, and Cartridge World; opening Nov ‘10; architect JRH & Associates PLLC; developer Nelson Properties Development LLC (LaToya Nelson), 3360 Fontaine, Memphis, TN 38116, (901) 332-5670, Email: lnelson@ nelson-inc.net. TEXAS Harker Heights: Construction nearing completion on Knights Crossing on the 400 block of Knight’s Way, near Walgreen's; tenants will include a cleaners, a restaurant, and medical clinic; stores range in size from 1,400 sq. ft. to 17,000 sq. ft.; opening Feb ‘09; developer John Reider Properties (Dayna Reider), 455 E Central TX Expwy, Ste.101, Harker Heights, TX 76548, (254) 699-8300, Email: danya @johnreider.com. WISCONSIN Oshkosh: Redevelopment could begin by December on Fair Acres shopping center (See SCD, P. E130); Shopko 54,000 sq. ft. expected to open spring ‘09; project will also include two 3,000 sq. ft. duplex buildings and potentially another 5,100 sq. ft. retail strip center

(845) 348-7000

between Pick ‘n Save and Taco Bell; plans also outline another potential 20,000 sq. ft. of retail to the E of

Shopko; developer 1900 Jackson St, LLC c/o Bros LLC (Andy Dumke and Mike Goudreau), 222 Ohio St, Osh-

kosh, WI 54902, (920) 230-3802, Email: andy@dumkeproperty.com or mgoudreau@discoveryproperties.com.

UPSCALE SPECIALTY, LIFESTYLE MIXED-USE, ENTERTAINMENT

ARIZONA Buckeye: Construction to begin before year-end on Watson Marketplace on 20 acres at NE corner of Sundance Ave and Watson Rd south of I-10; plans being adjusted to address residents' concerns regarding traffic, crime, and noise issues; opening late ‘09; project to feature stores, res-taurants, a coffee shop, gas station and repair shop, and two office or medical buildings, and a three-story Holiday Inn Express; confirmed tenants include Bank of America and Discount Tire; developer Diversified Partners De-velopment Co (Liz Gaston), 5635 N Scottsdale Rd, Ste. 150, Scottsdale, AZ 85250, (480) 947-8800, www.dpcre.com. Scottsdale: Construction continues on initial phase of 600,000 sq. ft. Scottsdale Quarter on 28 acres at SE corner of Scottsdale Rd and GreenwayHayden Loop; upscale lifestyle center will include 370,000 sq. ft. of retail and restaurant options, 35,000 sq. ft of entertainment, and 205,000 sq. ft. of office space; initial phase to open spring ‘09 with 260,000 sq. ft. of retail and office space including WilliamsSonoma Home, West Elm Oakville Grocery, H&M, Brio Tuscan Grille, Cameron's Steakhouse, Martini Park, and Parc; remaining 350,000 sq. ft. of retail and office space to be completed by March ‘10 and include Bing Crosby's restaurant and lounge, Mitchell's Fish Market, Momenti Cafe, Santorini Mediterranian Cuisine, StringRay Sushi, Tutta La Casa, Gold Class Cinemas, Optica, and Socrati footwear; developer Glimcher Realty Trust, 150 E Broad St, Ste. 302, Columbus, OH 43215-3610, (614) 224-1800, www.glimcher.com. ARKANSAS Little Rock: Planned $70 million, 750,000 sq. ft. landscaped retail, residential, and office complex; anchor Target; opening ‘10; developer Strode Property Co (Chuck Keller), 5950 Berkshire Ln # 1275, Dallas, TX

75225-5846, (214) 361-6900.

FLORIDA Naples: $5 million dollar renovation to begin summer ‘09 on 115,000 sq. ft. Village on Venetian Bay in the Park Shore area, W of U.S. 41 in Lee County (See SCD, J107); project to be completed before the end of the year and include new flooring, lighting, fountains, more landscaping and more outdoor seating at restaurants; in addition, a few new restaurants will include M Waterfront Grille; 50+ stores; opened ‘87; developer The Lutgert Cos (Dougall McCorkle), 4200 Gulf Shore Blvd N, Naples, FL 341033436, (239) 261-6100, www.lutgert .com. IOWA Altoona: Planned 1.46 million sq. ft. The Shoppes at Prairie Crossing on 200 acres adjacent to both Prairie Meadows Racetrack & Casino and Adventureland Amusement Park; project to include 760,000 sq. ft. of open-air lifestyle fashion retailers surrounded by 700,000 sq. ft. of additional big box and hospitality tenants; anchor Bass Pro Shops; developer Heart of America Development Group (Calvin N. Hileman), 1501 River Dr, Moline, IL 61265, (309) 7433260, Email: chileman@hoari.com. Davenport: The Great Escape home leisure retailer on 23.55 acres to join Elmore Marketplace at 53rd St and Elmore Ave (See SCD, P. G183); power center also includes Dick’s Sporting Goods, Lowe’s, Target, Old Navy, Kohl’s, American appliance and furniture, Gordman’s, Borders, Staples, andSam’s Club; opened ‘99; population 273,758 within 10 miles; average household income $83,515; developer c/o Heart of America Development Group (Calvin N. Hileman, VP Real Estate-Leasing) 501 River Dr, 1501 River Drive, Moline, IL 61265, (309) 743-3260, Email: chileman@hoari.com.

(845) 348-7000

LOUISIANA Baton Rouge: Redevelopment to begin in the first half of ‘09 on Acadian Village at Perkins Rd and Acadian Thruway; mixed-use neighborhood development to include five new buildings housing retailers, restaurants, and 53 rental units; the first tenant, New Orleans-based Acme Oyster House, is already opened; developer Commercial Properties Realty Trust, 5630 Bankers Ave, Baton Rouge, LA 70808-2609, (225) 9247206, www.cprt.com. MASSACHUSETTS Boston: Due to legal issues between investors, construction has been delayed for $600 million, 1.1 million sq. ft. Waterside Place on 10 acres at on the South Boston Waterfront between Summer and Congress Sts (across the street from the new Boston Convention & Exhibition Center) (See SCD, P. H954); complex to include a shopping plaza possibly anchored by Nordstrom, a 300-room luxury hotel, a parking garage, and a 19-story condominium building; parking 2000+ cars developer joint venture Drew Company, 200 Seaport Blvd, Ste. 50, Boston, MA 02210, (617) 385-5060; and Vornado Realty Trust, 210 Rt. 4 East, Paramus, NJ 07652, (201) 5871000, www.vno.com. Boston: Developers have hired consultants to determine whether the $800 million, Columbus Center mixeduse project on the border of Boston’s Back Bay and the South End (on top of the Mass Tpke.) is financially viable; complex to include retail, condominiums, and a hotel; developer WinnDevelopment, Six Faneuil Hall Marketplace, Boston, MA 02109, (617) 742 4500, www.winncompanies .com, and MacFarlane Partners, 201 Spear St, 12th Fl, San Francisco, CA 94105-1635, (415) 356-2500, www. mcfarlanepartners.com. (continued) 11/24/08

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(continued) Boston: Plans approved in June ‘06, but construction delayed due to economy on 1.8 million sq. ft. South Station between the back of South Station train station and an adjacent bus terminal (See SCD, P. I444); 40story glass tower to include stores, office space, condominiums, and a 200-room hotel; parking 1,000 cars; developer Hines Interests LP, 2800 Post Oak Blvd, 50th Fl, Houston, TX 77056-6100, (713) 966-7676. MARYLAND Bowie: Ground could be broken next year on shopping center and townhouses on 15 acres at Hall Rd (See SCD, P. J235); project to include a library, pharmacy, credit union, and hopefully a coffee shop; city also plans to make road improvements; developer c/o attorney Dan Lynch, 14440 Old Mill Rd, Upper Marlboro, MD 20772, (301) 952-0100. MISSOURI Kansas City: Details being worked out for a redevelopment of the former Bannister Mall into the Three Trails mixed-use complex at I-435 & Bannister Rd in Jackson County (See SCD, P. I934); plans call for a major retail, office, and hotel development an-

Kimco To Focus On Its Core Business Kimco Realty Corp has reduced its planned transaction income to nearly zero for the fourth quarter and will focus on its core business, neighborhood and community shopping centers. Due to lack of credit available to buyers, the company is “uniquely positioned,” said David Henry, vice chairman and chief investment officer, to acquire and manage large portfolios for institutional investors and to take advantage of opportunities when potential acquirers wait for capital markets to stabilize. Kimco has interests in 1,945 properties totaling 182 million sq. ft. in the US, Canada, and other countries. J258 11/24/08

chored by an 18,500-seat soccer stadium that would be the home of the The Kansas City Wizards; population 400,000 within five miles; average household income $40,382; developer Lane4 Property Group, 4705 Central St, Ste. 200, Kansas City, MO 64112, (816) 960-1444, www.lane4group.com. NEBRASKA Lincoln: Construction continues on 370,000 sq. ft. The Marketplace at Village Gardens on 25 acres at 56th and Pine Lake Rd in Lancaster County (See SCD, P. J91); 26 tenants will include Union Bank, Campbell’s Nursery, Scooter’s Coffee Shop, and Residence Inn by Mariott; opening sometime next year; population 480,432; average household income $100,000; developer Campbell Family; leasing Century 4 Retail Advisors (Ken Garagiola), 8 Jackson Dr, Egg Harbor Twp, NJ 08234, (609) 926-1786, Email: century4@comcast.net. NEVADA Las Vegas: Plans delayed for $500 million Echelon Place on 87 acres at former Stardust Casino (See SCD, P. I791); project to include a 300,000 sq. ft. of shopping promenade, 5,000 hotel rooms, a 14,000 sq. ft. casino, 75,000 sq. ft. of meeting space, 30 restaurants, and two theaters; developer a joint venture of General Growth Properties, 110 N Wacker Dr, Chicago, IL 606061116, (312) 960-5000, www.general growth.com and Boyd Gaming Corp, 2950 Industrial Rd, Las Vegas, NV 89109, (702) 792-7200, www.boyd gaming.com. NEW YORK West Bronx: Planned 575,000 sq. ft. The Shops at the Armory (Kingsbridge Armory) at Kingsbridge Rd at Jerome Ave in Kingsbridge Heights (See SCD, P. J119); project to include a large department store or big-box store, as many as 35 smaller shops, a movie theater, restaurants, and retail banking; developer Related Companies, 60 Columbus Circle, New York, NY (212) 421-5333, New York, NY 10023, (212) 421-5333, www.related.com. NORTH CAROLINA Clemmons: Plans on track for a proposed $100 million Clemmons Town Center on 62 acres near I-40 between Lewisville-Clemmons and

Harper Rds; project to include 540,000 sq. ft. of shopping space, a gourmet market, a theater, apparel retailers, a national shoe retailer, a number of restaurants and cafes, and 60,000 sq. ft. of office space; opening ‘10; project is adjacent to a 90-acre tract where Novant Helath Inc hopes to build a 50bed hospital; developer Hill Partners, 101 W Worthington Ave, #204, Charlotte, NC 28203, (704) 551-2202. Clemmons: Proposed restaurant and office complex (an extension of the River Ridge Shopping Center) on three acres off Lewisville-Clemmons Rd, near the interchange with U.S. 421 in Forsyth County; two buildingS to include a 3,500 sq. ft. restaurant with drive-through service and a two-story 17,000 sq. ft. office and retail building; developer Stan Forester. OHIO Solon: Proposed $600 million Central Park mixed-use development on 90 acres on SOM Center Rd between Bainbridge and Solon Rds (See SCD, P. I936); development to include equal parts retail, office and residential, with 25% of the acreage reserved for open space; plans also include a full-service hotel, an ice rink, a large open-air performance area, and a blend of housing and commercial units; developer Coral Co (Peter Rubin), 24400 Chagrin Blvd, Ste. 100, Beachwood, OH 44122-5404, (216) 765-8822. OKLAHOMA Claremore: Planned $100 million 650,000 sq. ft. Oklahoma Plaza lifestyle center on 140 acres along Country Club Rd; commercial, office and residential project featuring a mixture of stores, shaded sidewalks, water features, and curbside parking; developer Claremore Vision LLC a subsidiary of Resource Development Inc (Jeremy Parsons), 1343 E Kingsley St, Ste. G, Springfield, MO 65804, (417) 883-0202, www.resource developmentinc.com; leasing Stan Frisbie Real Estate (Tony Lombardi), 7819 E 99th Pl, Tulsa, OK 74133, (918) 299-0760, Email: tony@stan frisbie.com OREGON Sunriver: Financial problems could delay the $200 million redevelopment of Sunriver Village Mall on 16.5 acres

(845) 348-7000

in Deschutes County (See SCD, P. J210); retail and residential development is likely to break ground in the next two years to replace the aging Sunriver Village Mall; mixed-use development to combine 85,000 sq. ft. of retail with roughly 375 condominiums; developer SilverStar Destinations LLC c/o Jon Harder of Sunwest Management, PO Box 3006, Salem, OR 97302, (503) 375-9016, www. sunwestmanagement.com. TEXAS Flower Mound: Ground may have already been broken on The River Walk at Central Park mixed-use project on 160 acres at Cross Timbers and Long Prairie Rds in Denton County (See SCD, P. J236); project to include 675,000 sq. ft. shopping center, two hotels, apartments, and a $100 million, 180,000 sq. ft. Pres-byterian Hospital to open in ‘10; Ground may have already been broken; developer Five

Star Real Estate (Bill Resch), 800 Park Sq, Ste. 260, Flower Mound, TX 75028, (972) 874-9700, Email: bill@parkersquare .com. VIRGINIA Hampton: Construction well underway and close to completion on Peninsula Town Center (former Coliseum Mall site) (See SCD, P. I448); mix of retail, restaurant, office, and residential space; final building will have a movie theater and possibly a comedy club; population 500,000 within a 20-minute drive; developer Mall Properties, Inc, 654 Madison Ave, 11th Fl, New York, NY 10021-8404, (212) 935-1330. Hampton: Ground to be broken July ‘09 on Hampton Place on 19 acres near the crossroads of I-64 and 664, W of the Hampton Coliseum (See SCD, P. J156); project to include 100,000 sq. ft. of retail and restaurants, 100,000 sq. ft. of office or residential, a large hotel, 2,000-seat live entertainment

theater and parking garages; opening May ‘12; developer XL Development Group LLC (Vincent W. Falleroni), 22 Wabash St, Pittsburgh, PA 152205436, (412) 920-1965. Newport News: Construction to begin soon on final townhomes at Patrick Henry Place on 52 acres at off Jefferson Ave beside I-64 (See SCD, P. I691); mixed-use development features 30 stores, restaurants, residential and two hotels - a 120-room Courtyard by Marriott and a Residence Inn by Marriot; restaurants include Cheeseburger in Paradise and Carrabba's Grill; opulation 171,264 within 5 miles; average household income $63,881; developer Kahn Development Co (Gerard Stick Thibodeaux), P.O. Box 1608, Columbia, SC 29202, (803) 7363325, Email: stick@kahndevelopment .com; leasing The Shopping Center Group (Debra Ramey), 534 Settlers Landing Rd, Hampton, VA 236694079, (757) 722-2500.

CENTERS WITH LEASE SPACE AVAILABLE CALIFORNIA La Habra: 215,000 sq. ft. Imperial Promenade on 17.08 acres at Imperial Hwy and Idaho St in Orange County (See SCD, P. I609); center recently opened; anchors Target and Circuit City; tenants also include Corner Bakery, Chipolte, Pinkberry, Cake House,and Z Pizza; developer joint venture Hopkins Real Estate Group (Sharon Courtway) 17641 Derian Ave, Ste. 106, Irvine, CA 92614, (949) 270-2409, Email: scourtway@ hopkinsgroup.com and Arnel Capital Partners, 949 S Coast Dr, Ste. 600, Costa Mesa, CA 92626, (714) 4815071. Palmdale: 523,000 sq. ft. 47th Street Pavillion on 70 acres at NW corner of Ave R and 47th St E (See SCD, P. J224); center expected to be completed by the end of Nov ‘08; anchor Super Target 172,815 sq. ft. opened this past summer; other tenants will include Home Depot, Ross Dress for Less, Staples, PetSmart, Panera Bread, Burger King, Bank of America, Bath and Body Works, Famous Footwear and Cold Stone Creamery; developer Hopkins Real Estate Group, 17641

Derian Ave, Ste. 106, Irvine, CA 92614, (949) 270-2400, www.hopkins group.com; leasing Coreland Companies, 17542 E 17th St, Ste. 420, Tustin, CA 92780, (714) 573-7780, www.coreland.com. San Clemente: 103,000 sq. ft. Talega Village Center "mission-style" neighborhood shopping center on 10.32 acres at SW corner of Avenida Vista Hermosa and Avenida Talega (near the heart of the 3,510-acre “Talega of San Clemente” master-planned community) (See SCD, P. H940); newly completed center is anchored by Ralphs Fresh Fare; other tenants include Eric Hanan Jeweler, V’s Barbershop, Peet’s Coffee, Little Gym, Wells Fargo, First Class Pizza, Juice it Up, Verizon, and Sun Dried Tomato; developer/leasing Hopkins Real Estate Group, 13 Corporate Plaza Dr, Ste. 200, Newport Beach, CA 92660, (949) 640-1770, www.hopkinsgroup.com. San Jose: 350,000 sq. ft. El Paseo de Saratoga at Saratoga, Hamilton and Campbell Aves (See SCD, P. F393); new owners; tenants include a 14screen AMC Theater, Lucky’s grocery store, Petco, and Office Max; opened/

(845) 348-7000

‘74; owner/leasing Terramar Retail Centers, 5973 Avenida Encinas, Ste. 300, Carlsbad, CA 92008-4476, (760) (continued)

Troubled GGP Replaces Execs, Selling Centers Overwhelmed by $27 billion in debt that has caused its stock to plummet, and forced it to lay off a substantial number of its employees, General Growth Properties has replaced its chief executive and president and is selling several Las Vegas luxury malls. John Bucksbaum was replaced as CEO by Adam Metz, and Robert Michaels as president by Thomas Nolan Jr. Bucksbaum will continue as chairman, Michaels as COO. Placed on the market are Fashion Show Mall, Grand Central Shoppes and the Palazzo. At the beginning of the year, GGP’s stock was selling at $40 per share. At this writing the price was $3.09. 11/24/08 J259

(continued) 804-8600, www.terramarcenters.com. COLORADO Aurora: 685,000 sq. ft. Cornerstar on 158 acres at Parker and Arapahoe Rds; grand opening was Oct 10, '‘08; anchors Sun Flower Market, Target, and Best Buy; other tenants include, 24 Hour Fitness, Dick’s Sporting Goods, Home Goods, Biondi Jewelers, Pacific Dental and many more; developer Alberta Development Partners LLC, 5460 S Quebec St, Ste. 100, Greenwood Village, CO 80111, (303) 771-4004. leasing join venture David, Hicks & Lampert Brokerage LLC, 7800 E. Orchard Rd, Ste. 150, Greenwood Village, CO 80111, (303) 6946082, www.dhlb.com and Staubach, 1125 17th St, Ste. 1420, Denver, CO 80202, (303) 572-1800. Durango: 218,813 sq. ft. Durango Mall on 20 acres at U.S. Hwy 160/155 (See SCD, P. J93); currently seeking destination retailers, and fast food operators for the new food court; anchor JCPenney, Bealls, Linens N Things, Pier I Imports; average household income $58,921; leasing Century 4 Retail Advisors, LLC (Ken Garagiola), 8 Jackson Dr, Egg Harbor Twp, NJ 08234-5957, (609) 926-1786, Email: century4@comcast.net. FLORIDA Cape Coral: 10,000 sq. ft. Shops at Surfside at on Veterans Pkwy and Surfide Blvd at entrance to new 1569 unit Sandoval master-planned community (See SCD, P. I936); newest tenant Elmquist Eye Group 2,022 sq. ft.; anchors Belk 73,819 sq. ft. and Home Goods 25,000 sq. ft.; 25 stores

also include Kirklands, Starbucks, Rack Room shoes and Hibbett Sporting Goods; developer Dodge Capital, LLC, 460 Winnetka Ave, Ste. 7, Winnetka, IL 60093, (847) 716-1995. leasing Courtelis Company (Rod Castan and Erin Coleman), 703 Waterford Way, Ste. 800, Miami, FL 33126, (305) 2614330, Email: rcastan@courtelis.com or ecoleman@courtelis.com. Coconut Creek: 350,000 sq. ft. The Promenade at Coconut Creek at 4451 Lyons Rd in Broward County; initial phase has opened with 196,000 sq. ft. of retail and of 50,000 sq. ft. of office space; a second phase, with an additional 105,000 sq. ft. of retail and office is scheduled for completion in ‘09; 75 tenants will include Banana Republic, Ann Taylor Loft, Chico’s, Talbot’s, Coldwater Creek, Jos. A Bank, Sunglass Hut, Saito's Japanese Steakhouse, Fish City Grill, Lime Fresh Mexican Grill, and Starbucks; developer/leasing Stanbery Development, 328 Civic Center Dr, Columbus, OH 43215, (614) 437-8100, www. stanbery.com. Jacksonville: 262,215 sq. ft. Highland Square at Dunn Ave and Monaco Dr in Duval County; A.J. Wright has opened for business; existing anchors Publix Supermarkets, CVS, Office Depot, Big Lots, Dollar Tree, and Family Dollar; 58 stores; opened ‘85; population 107,895 within five miles; average household income $52,340; developer DLC Management Corp (Michael Cohen), 580 White Plains Rd, 3rd Fl, Tarrytown, NY 10591, (914) 6313131, Email: mcohen@dlcmgmt.com. Lady Lake: 160,000 sq. ft. Village Crossroads at U.S. Hwy 27/441, across

Class Action Suit Filed Against GGP A class action suit has been filed against General Growth Properties and current and former executives charging the developer with fraud, insider trading and misleading statements regarding access to financing. The San Diego firm of Coughlin Stoia Geller Rudman & Robbins filed the suit in the US District Court for the Northern DisJ260

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trict of Illinois in the name of E.B. Gorham, a stockholder. Portions of the complaint says that defendants had made unsecured loans to Robert Michaels, former president and current COO, and former director and CFO, Bernard Freibaum, who is no longer with the company. Earlier, GGP had said that it believed no laws or SEC rules had been broken.

from Lady Lake Crossing (See SCD, P. J206); center opened in Oct ‘08; anchors Best Buy, Bed Bath & Beyond, PetSmart, A.C. Moore and a junior anchor; other tenants will include LongHorn Steakhouse, and Arby’s; future tenants include Insight Financial Credit Union, Vitamin Shoppe, and Five Guys Burgers and Fries; developer/leasingThe Benchmark Group (Marty DelleBovi), 4053 Maple Rd, #200, Amherst, NY 14226-1058, (716) 833-4986, Email: mdellebovi@ benchmarkgrp.com North Tampa: 800,000 sq. ft. The Shops at Wiregrass at State Rd 56 and Bruce B. Downs Blvd in Pasco County (See SCD, P. J197); $156 million, super regional lifestyle retail center has opened with 75% of its space leased; anchors JCPenney 98,000 sq. ft., Dillards, and Macy’s; another 30 stores are expected to be added later; 60 existing stores include Williams Sonoma and Coach; developer Goodman Co, 777 S Flagler Dr, Ste. 1106 Philips Point, West Palm Beach, FL 33401-6192, (561) 833 and Forest City Enterprises, 1100 Terminal Tower, 50 Public Sq, Ste. 700, Cleveland, OH 44113-2203, (216) 621-6060, www.fceinc.com. INDIANA Elkhart: 606,238 sq. ft. Concord Mall on 112 acres at US Hwy 33 and County Rd 20 in Elkhart County (See SCD, P. H532); anchors JCPenney, Elder Beerman, Hobby Lobby, ABC Warehouse, and Martin’s Supermarket; 75 stores; parking 3,742 cars; opened ‘72; population 177,534; average household income $60,339; owner/leasing Concord Mall Properties (Robert Thatcher), Concord Mall Management Office, 3701 S Main St, Elkhart, IN 46517, (574) 875-8416, Email: rthatcher@trivar.com. KANSAS Overland Park: 1 million sq. ft. Corbin Park at SE corner of 135th St and Metcalf Ave. (See SCD, P. I395); a 142,000 sq. ft. Von Maur has opened; other tenants open for business include Backwoods, Valley View Bank, Commerce Bank, and Lifetime Fitness; other tenants will include Nylo Hotel, JCPenney, Sports Authority, Gordon Biersch, Barnes & Noble, Off Broad-

(845) 348-7000

way Shoe Warehouse, and Old Navy; parking 3300 cars; developer/leasing Cormac Company (Jeff Johnson), 16820 Frances St, Ste. 102, Omaha, NE 68130, (402) 680-1000, Email: jeff.johnson@cormaccompany.com. MARYLAND Annapolis: Annapolis Towne Center at Parole (former Parole Plaza) on 33 acres at West Rd, Riva Rd and State Rt 2 in Anne Arundel County (See SCD, P. I401); $500 million project has officially opened with a 170,000 sq. ft. Target, a 17,000 sq. ft. Great Gatherings furniture showroom, and an 8,534 sq. ft. Coldwater Creek women's apparel store; center will also include Whole Foods; population 395,349; average household income $20,351; developer/leasing Greenberg Gibbons Commercial (Brian Gibbons), 10096 Red Run Blvd, Ste. 100, Owings Mills, MD 21117, (410) 559-2500, Email: bgibbons@ggcommercial.com. Owings Mills: 72,000 sq. ft. Metro Square on 9.6 acres at 11120 and 11130 Reisterstown Rd; new owners; anchor Shoppers Food Warehouse; center also includes Dry Clean Centre and Mattress Warehouse; opened ‘99; developer Cedar Shopping Centers Inc, 44 S Bayles Ave, Port Washington, NY, (516) 767-6492, www.cedarshoppingcenters.com. NEBRASKA Omaha: 203,250 sq. ft. Plaza North Shopping Center; new owners; anchor Baker’s Supermarket; owner/leasing Phillips Edison & Company, 300 E Lombard St, Ste. 1100, Baltimore, MD 21202, (410) 528-0670, www.phillips edison.com. PENNSYLVANIA Monroe Twp: $65 million, 717,000 sq. ft. Monroe Marketplace power center has opened on 125 acres at off Rts 11 and 15, just S of Stettler Ave (See SCD, P. I849); tenants include Target 127,000 sq. ft., Kohl’s, Best Buy, Dick’s Sporting Goods, Bed Bath and Beyond, and Red Robin; developer/leasing Pennsylvania Real Estate Investment Trust, 200 S Broad St, Philadelphia, PA 19102-3803, (866) 875-0700, www.preit.com. TEXAS Allen: 1.15 million sq. ft. Watters Creek at Montgomery Farm on 54 acres along U.S. 75 at Bethany Rd in Collin

County (See SCD, P. J119); 75% of this mixed-use development is complete with 550,000 sq. ft. of retail opening with 84% occupancy (49 stores); anchor Market Street specialty grocery store; recent openings also include DSW Shoe Warehouse, Clix Portrait Studios, Sephora, Swoozie's, Toni&Guy, and Potbelly Sandwich Works; 10 more stores including Sweet & Sassy, Modia, and Village Burger Bar to open by year’s end; parking 3000 cars; population 82,000; developer/leasing Trademark Property Company (Tom Carter), 301 Commerce St, Ste. 3635, Fort Worth, TX 76102, (817) 810-5308, Email: tcarter @trademarkproperty.com. VIRGINIA Frederickburg: 250,000 sq. ft. The Village at Towne Centre has recently opened at I-95 and VA Rt. 3 adjacent to Spotsylvania Town Center in Spotsylvania County (See SCD, P. J129); average household income $100,000; developer/leasing The Cafaro Company (Joe Bell), 2445

Belmont Ave, Youngstown, OH 44504-0186, (330) 747-2661, Ext. 771, Email: jbell@cafarocompany.com. Winchester: 157,000 sq. ft. Winchester Gateway at on Rt 7 in Frederick County; (See SCD, P. I311); new owner; anchor Martin’s Food Market 76,000 sq. ft.; community shopping center also includes Petco, Fashion Bug, Sonic, Virginia ABC, Starbucks, Curves, and Quiznos Sub; opened ‘06; owner/leasing JBG Rosenfeld Retail, 4445 Willard Ave, Ste. 700, Chevy Chase, MD 20815, (301) 657-0700, www.jbgr.com Winchester: 125,000 sq. ft. Stonewall Plaza at Rt 522, N Frederick Pick and Rt 27 in Frederick County; new owner; 89% leased; anchor Martin’s Food Market 68,000 sq. ft.; tenants also include a 10,000 sq. ft. Dollar Tree, McDonald’s, Quiznos Sub, Wachovia Bank, and Jackson Hewitt; opened ‘06; developer/leasing JBG Rosenfeld Retail, 4445 Willard Ave, Ste. 700, Chevy Chase, MD 20815, (301) 6570700, www.jbgr.com.

RETAILERS SEEKING SPACE APPAREL Al’s Formal Wear div. of Formal Specialists Ltd of 7807 Main St, Houston, TX 77030; currently operating 120 men’s formal apparel and tuxedo shops throughout AR, CO, LA, OK, and TX; seeking 900 sq. ft. to 1,200 sq. ft. in power centers and regional malls in existing markets and MS. Ellis Rushefsky, (713) 791-1888 ext 330, Fax (713) 791-1692, Email: ellis.rushefsky@alsformalwear.com. Cato Corp dba Cato and It’s Fashion of 8100 Denmark Rd, Charlotte, NC 28273-5975; currently operating 1,100 Cato stores and 200 It’s Fashion stores in 31 states; Cato offers women’s junior, misses and plus size apparel, as well as accessories and footwear; It’s Fashion offers trending junior apparel, shoes and accessories for girls and boys; Cato expanding though the Midwestern and southern regions and It’s Fashion is also expanding; seeking 3,000 sq. ft. to 5,000 sq. ft.; strip centers. Skip Severson, EVP, (704) 551-8510, Fax (704) 551-7594, Email: sseve@catocorp.com.

(845) 348-7000

Coldwater Creek, Inc of 1 Coldwater Creek Dr, Sandpoint, ID 83864-9020; currently operating about 306 stores; for ‘09, company plans to open approximately 15 stores, down from the previous plan to open 40 stores; seeking 5500 sq. ft. Real Estate Director, (208) 265-7002, Fax (208) 265-3276, www.coldwatercreek.com. Henri Bendel div. of Limited Brands of Three Limited Park way, Columbus, OH 43230; currently operating eight stores; company is testing the reintroduction of these high-end stores as a national chain and recently opened its second store outside NY in Boca Raton, FL; plans to open two more stores in Aventura, FL and San Diego, CA before year-end and more stores in ‘09 and ‘10. James Bersani, EVP, Retail Real Estate, (614) 479-7456, Fax (614) 479-7450, Email: jbersani@limited brands.com. Jimmy Jazz of 43 Hall St, 7th Fl, Brooklyn, NY 11205; currently operating over 60 urban clothing and footwear stores throughout the eastern (continued) 11/24/08

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(continued) U.S.; company has entered SC with the opening of four stores; this fall the company plans to add three locations in NC. Real Estate Director, (718) 5961424, Fax (718) 596-7288, Email: info@jimmyjazz.com. Kira Plastinina c/o PBS Real Estate LLC of 230 Park Ave, 18th Fl, New York,, NY 10169; currently operating about a dozen stores in NY and Los Angeles, CA; initial larger flagship stores range from 3,100 sq. ft. to 5,600 sq. ft. are now open in NY and at least one small boutique of 800 sq. ft. is open; plan to open 50 stores in three years; seeking 1,400 sq. ft. (212) 6722000, Fax (212) 672-2020.

CVS Opens First Beauty 360 Store CVS Caremark Corp opened its first, upscale Beauty 360 store Monday, Nov 3, in a new CVS in the Dupont Circle neighborhood in Washington, DC. A second unit will open later this year in California, with another 50 expected to open in 2009 across the country as the concept is further tested. The cosmetics stores will sell high-end brands with prices ranging from $15-$170, but will not carry mainstream beauty brands. They will also offer ;manicures, facials and other services.

Gap Opens First Factory Units In Canada Gap Inc has opened its first Banana Republic and Gap Factory Stores at the Vaughan Mills Mall in Ontario. The Outlet Division started in ’94 and has several hundred units in the US, United Kingdom and Japan. “Bringing our outlet brands to Canada is a perfect next step in our growth strategy,” said Art Peck, president of Gap Inc Outlet. J262

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DISCOUNT Hart Stores of 900 Place Paul-Kane, Laval, PQ H7C 2T2; currently operating 89 units throughout PQ, NB, NS, NF and ON; company recently added nine outlets, eight in PQ and one in ON; seeking 30,000 sq. ft. to 45,000 sq. ft. primarily in eastern Canada. Michael Hart, (450) 661-4155, Fax (450) 661-6531, Email: mihart@ hartstores.com. Target and SuperTarget of 1000 Nicollet Mall, Minneapolis, MN 55402; currently operating 1,685 stores nationwide; company will pare down new store openings in ‘09 to a net 70 units vs. 100 units. John D. Griffith, EVP, Property Development, (612) 761-1487, Fax (612) 761-3740, Email: john.griffith@target.com. DRUG STORES Shoppers Drug Mart dba Shoppers, Pharmaprix, and Shoppers Home Health Care of 243 Consumers Rd, North York, ON M2J 4W8; 1,080 stores Canada-wide; plans to open 50 new stores and an additional 50 to 60 relocations and/or expansions over the next five years; seeking 14,000 sq. ft. in enclosed malls, strip plazas and streetfronts in new or existing markets; smaller format stores such as Simply Pharmacy, average 1,000 sq. ft. and are located in medical buildings. Real Estate Dept., (416) 493-1220, Fax (416) 490-2782, www.shoppers drugmart.ca. FOOD, CANDY, ICE CREAM Abuelo’s div. of Food Concepts International Holdings, Inc of 2575 S Loop 289, Lubbock, TX 79423142; currently operating 40 locations serving made-from-scratch Mexican food in a ‘fine-dining’ atmosphere; most recent restaurant opened in Kissimmee, FL; seeking 7,500 sq. ft. to 8,100 sq. ft. VP Real Estate, (806) 785-8686. Bennigan’s Grill & Tavern of 6500 International Pkwy, #1000, Plano, TX 75093; company recently acquired by Atalaya Capital Management of New York, NY; currently operating 310 restaurants, including 40 international locations; company plans to re-open up to 60 previously closed companyowned restaurants, and open new franchisee-owned locations both

domestically and internationally. Real Estate Director, (800) 543-9670, Fax (972) 588-5806, www.bennigansfc .com. Chick-fil-A, Inc of 5200 Buffington Rd, Atlanta, GA 30349-2998; currently operating 1,400 restaurants in 37 states and DC; 88 new restaurants in the works, including 70 stand-alone locations; seeking 800 sq. ft. in food courts and 3,500 sq. ft. for freestanding sites; prefer malls, but also operate in high-traffic, freestanding locations in suburban growth markets. Erwin C Reid, VP Real Estate, (404) 765-8172, Fax (404) 765-8941, Email: erwin.reid @chick-fil-a.com. Druxy’s Inc dba Druxy’s Famous Deli Sandwiches of 802 - 1220 Eglinton Ave E., Toronto, ON M3C 1H9; currently operating 48 units; planning to add 12 new locations per year; seeking 1,200 sq. ft.; kiosks require 850 sq. ft.; focusing on Greater Toronto, ON, Southern ON, and Calgary, AB. Bruce Druxerman, (416) 385-9500, Ext. 9208, Fax (416) 385-9501, www.druxys.com. Hurricane Grill and Wings of Stuart, FL; currently operating 25 units throughout FL and GA; chain serves signature wings with a choice of 35 varieties of sauces and rubs, customers have a choice of chicken, angus beef, fresh chicken wings, boneless wings, shrimp, or mahi-mahi; seeking 1,800 sq. ft. to 2,200 sq. ft., www. hurricanewings.com. Mama Fu’s Asian House Murphy Adams Restaurant Group of 512 E Riverside, Ste. 250, Austin, TX 78704; currently operating 13 locations in TX, AR, and FL; plans to add two more Central TX locations by mid-‘09 and 150 more across the SE U.S. (including NC and SC, and OK) by ‘13. Real Estate Director, (512) 949-3220, Fax (512) 949-3219. Muscle Maker Grill c/o Great American Brokerage (Paul G. W. Fetscher CCIM, SCLS) of 100 W Park Ave, Ste. 309, Long Beach, NY 11561; currently operating five locations in NJ; seeking 1,800 sq. ft. to 2,500 sq. ft in strip centers, food courts, village downtowns, and transporation centers, throughout NJ, Manhattan, and Staten Island, NY, (516) 889-7200, Fax (516) 889-5113, Email: gtamerican@aol.com. Pizza Nova of 2247 Midland Ave,

(845) 348-7000

Scarborough, ON M1P 4R1; currently operating 120 locations throughout ON and PQ; plans to open 10 locations per year; seeking 1,500 sq. ft. in strip malls, freestanding pads, power centres, and streetfront locations throughout ON. Frank Macri, (416) 439-0051, Fax (416) 299-3558, Email: frank@ pizzanova.com. Red Mango of 15301 Ventura Blvd, Building B, Ste. 470, Sherman Oaks, CA 91403; currently operating 36 units serving low-fat, healthy, authentic frozen-yogurt in major metropolitan areas nationwide; plan to open 30 units in ‘09; seeking 700 sq. ft. to 1,200 sq. ft. in lifestyle centers, streetfront locations that have high evening foot traffic - entertainment-oriented cotenants are good; nationwide. Dan Kim, CEO, (310) 215-4888, Fax (310) 461-9454, www.redmangousa.com. Salad Creations of 5100 W Copans Rd, Ste. 300, Margate, FL 33063-7700; currently operating a few dozen locations throughout AZ, CA, CO, FL, IL, SC, MD, VA, NC, MN, TX, MA, NV, MT, NY, and internationally; menu consists of wraps, made-to-order salads and soups; avg. lunch check $8.50; plan to open many more locations throughout the U.S.; seeking 1,900 sq. ft. in big regional malls or shopping centers; company is also seeking area franchise developers. Bob Simpson, VP, Real Estate, (954) 5902467, Fax (954) 590-2484, Email: bsimpson@saladcreations.net. Second Cup Ltd of 6303 Airport Rd., Mississauga, ON L4V 1R8; currently operating 365 cafes Canada-wide; plans continued expansion in ‘09 and ‘10; typically seeking up to 1,200 sq. ft. in downtown streetfronts, community shopping centres, and power centres in urban markets in Toronto, Montreal, Quebec City, Ottawa, Edmonton and the Atlantic Provinces; drive-thru locations preferred. Kathy Axmith, (905) 362-1818, Fax (905) 405-6615, Email: kaxmith@second cup.com. Serious Coffee c/o Hebbert & Morgan Real Estate of 481 Trans-Canada Hwy, Duncan, BC V9L 3R7; currently operating 22 gourmet coffee shops throughout Vancouver, BC; expecting to expand to 30-40 locations within two to three years; seeking 1,500 sq.

ft. to 1,800 sq. ft. Brian Hebbert, (250) 746-6621, Toll Free (800) 933-3156, Email: hebbert@royallepage.ca. OFFICE SUPPLIES Staples of 500 Staples Dr, Framingham, MA 01702; currently operating 1802 in North America; plans to open 100 stores this year; seeking about 24,000 sq. ft. John K. Barton, EVP, Real Estate, (508) 253-8671, Fax (508) 2538951, Email:john.barton@staples.com. SPECIALTY Build-A-Bear Workshop of 1954 Interbelt Business Center, St. Louis, MO 63114; currently operating 400 stores worldwide; plan to open 6 new stores in ‘09 vs. 20 new stores in North America this year; seeking 2,500 sq. ft. to 3,000 sq. ft. in enclosed malls. Real Estate Director, (888) 560-2327, www.buildabear.com. Coach Inc of 516 W 34th St, 5th Fl, New York, NY 10001; currently operating 282 retail stores and 90 factory stores nationwide and internationally; plans to open 46 stores in North America, consisting of 40 fullprice stores and six outlets, including 14 market debuts; seeking 2,500 sq. ft. in high-end malls and Main Streets; in time, North America could support 500 retail stores, including "at least" 20 in Canada. Michael Tucci, Presi-dent, North American Retail Division, (212) 594-1850, Email: mtucci@ coach.com. Tattoo Nation c/o Spectrum Realty Capital Inc of 9525 Queens Blvd, Ste. 1001, Rego Park, NY 11374; mallbased tattoo-parlor chain first opened in the Woodbridge Center Mall in Woodbridge, NJ, in ‘06; two new locations are slated to open early next year in NY, in the Staten Island Mall and Queens Center Mall; company is in lease negotiations with more than a dozen other malls around the U.S.; long-term, goal is to have 400 locations. Louis Wachtel, President, (914) 921-8211, Fax (914) 921-4838, Email: lou@spectrumrealtycapital .com. SPORTING GOODS Adrenalina of 20855 NE 16th Ave, Ste. # C16, Miami, FL 33179; currently operating two locations in Miami and Orlando, FL; a new store to open in the Cherry Creek shopping center in

(845) 348-7000

Denver, CO, by Dec; company is also building stores in Tampa, FL, and Alpharetta, GA; the retailer of athletic apparel, equipment, and accessories also plans to build stores in Houston and Plano, TX, and in E Rutherford, NJ; seeking 10,000 sq. ft. to 15,000 sq. ft. Jeffery Geller, (305) 770-4488, Fax (305) 770-4489, Email: sara@ adrenalina.tv. SUPERMARKETS Safeway Inc of 5918 Stoneridge Mall Rd, Pleasanton, CA 94588; currently operating 1,743 units throughout the U.S. and Canada; company is currently converting units to a new ‘lifestyle’ format featuring more interior renovations and the addition of full-service meat counters, bakeries, and floral design centers, as well as sushi and olive bars; by year-end, 1,286 stores will be in the new lifestyle format; for the year, company expects to open approximately 20 new lifestyle stores and complete approximately 240 remodels. Donald Wright, Sr VP/Real Estate & Engineering, (925) 467-3239, Fax (925) 467-3968, Email: don. wright@safeway.com SuperValu, Inc dba Albertson’s, Acme Markets, Jewel-Osco, Bristol Farms, Shaw’s Supermarkets, and Star Market of 11840 Valley View Rd, Eden Prairie, MN 55344; currently operating more than 2,500 stores nationwide; $1 billion remodeling program includes 155 major store remodels, and opening 14 to 15 traditional supermarkets and 45 to 55 limited assortment stores, which focus more on prepared foods; seeking 12,000 sq. ft. to 15,000 sq. ft. in freestanding locations and power and strip centers. Matthew R. Desmond, Corporate VP Real Estate, (952) 8284165, Fax (952) 828-4909, Email: matt.desmond@supervalu.com. Visit

SHOPPING CENTER DIGEST and

THE DIRECTORY OF MAJOR MALLS at Booth 434, Americas Hall II at the ICSC New York Dealmaking, New York, NY, Dec. 8-10, 2008. 11/24/08

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(845) 348-7000 "The Locations Newsletter" Box 837, Nyack, NY 10960

FAX (845) 348-7011

CLASSIFIED FOR SALE - ALL ORLANDO, FL AREA S Orange Blossom Tr & Floral Ave Apopka, FL • $790,000 • 3.04 +/- Acres on U.S. Hwy 441 • At new Maitland/429 Rds

Apopka, FL, Orange County • Four 1.15 Acre Outparcels for $495,000

Umatilla Plaza, Umatilla FL • One 1 +/- Acre Corner Parcel Available • $149,000 • Join Sav-A-Lot, Family Dollar, H&R Block, and other local tenants

3575 N Hwy 17-92 Longwood, FL • Asking $5,075,000 • 8.5 +/- Acres Foreign & Domestic Two New Car Dealerships for Sale • $10M plus land

Contact SHOPPING CENTERS ETC. Today!!! Barbara Henkhaus SCSM/SCMD Lic Real Estate Broker 939 Longdale Avenue, Longwood FL 32750 Toll Free: (888) 830-0778 Phone: (407) 830-0778 Fax: (407) 830-0350 Email: henkhausb@aol.com

1031 Acquisition Req.

NET LEASED PROPERTIES

BELOW MARKET DEBT IN PLACE!!! CVS - DALLAS, TX - 6.75% Cap $6,995,000, SALES EXCEED $1,000/SQ. FT. RITE AID - VIRGINIA BEACH, VA $5,100,000, SALES OVER $900/SQ. FT.

Immediate closing, retail/retail mixed use property,with assumable debt, price range $10-$20 MM, single or multi tenant. Thor Equities Kurt Falk: 212-529-5541 kfalk@thorequities.com

Principal-Offered Real Estate Investment

7 NNN SUPERMARKETS Ohio, Indiana, Alabama 7.25% to 9.00% Cash on Cash

100% Leased to National Tenants Men's Warehouse & Mattress Firm $3,650,000 @ 7.99% Cap Rate Main Entrance to Lifestyle Center Located in greater Memphis, TN

Call for additional properties...

Net Leased Investment Co. 407-977-2448, www.netleased.com

Call (316) 685-5341

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POSITIONS WANTED • Over 30 years experience with leading, national apparel chain. • Put my expertise to work for you as full-time or part-time—or out-sourced—leasing/ development professional. • Direct, strong contact and relationships with major owner-developers of malls, strips, and lifestyle centers. • Able to consult or handle successful negotiations for lease disposition, rent reductions, modifications, and the like. • My knowledge can save you money and time, and facilitate a speedy resolution. Contact Box 12-1 Shopping Center Digest P.O. Box 837 Nyack, NY 10960

SERVICES AVAILABLE Florida broker to lease, manage, buy & selll shopping centers on temporary, parttime, or long term contracts. We handle, with split-second response, 24/7 emergencies or quick fix needs on a project-toproject, or hourly fee basis. • Due Diligence • Inspections • Tenant Relations • Lease Negotiations • Local Meetings Over 30 years experience in all phases of strip center and mall development, management, leasing, marketing, etc. ETC is part of our name for a good reason. Excellent references available.

SHOPPING CENTERS ETC Barbara Henkhaus SCSM/SCMD Lic Real Estate Broker 939 Longdale Ave, Longwood FL 32750 Toll Free: (888) 830-0778 Phone: (407) 830-0778 Fax: (407) 830-0350 Email: henkhausb@aol.com

INVESTMENT SALE

Montville, CT Route 32 opposite Super Stop & Shop. New CVS to be built. $5,700,000 The Proto Group, LLC 203-234-6371 SF Bay Area Single Tenant New Walgreen Drug Store High Income Area Across from Major Hospital $6,400,000 Battery Commercial 415-963-4705 psouza@batterycommercial.com

(845) 348-7000

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

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