Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XXXVI
September 20, 2013
FEATURING home-related Chains Expand Nationwide Mor Furniture for Less, Inc. trades as Mor Furniture for Less at 27 locations throughout AZ, CA, ID, NM, NV, OR and WA. The home furnishings stores, offering bedroom, living room, dining room and patio furniture, occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in freestanding locations, power and value centers. Growth opportunities are sought throughout CA, OR and WA during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include Home Depot, Ross Dress for Less, Target and Walmart. Preferred demographics include a population of 400,000 within 25 miles earning $50,000 as the average household income. For more information, contact Rick Haux Sr., Mor Furniture for Less, Inc., 8996 Miramar Road, Suite 310, San Diego, CA 92126; 858-444-3601, Fax 858-547-1613; Email: ricksr@morfurniture. com; Web site: www.morfuniture.com. Sit N Sleep operates 29 locations throughout southern CA. The stores, offering mattresses and related items, occupy spaces of 13,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Larry Miller, Sit N Sleep, 14300 South Main Street, Gardena, CA 90248; 310-608-6838 Ext. 1800, Fax 310-7677884; Web site: www.sitnsleep.com.
Schewel Furniture Co. trades as Schewel Furniture at 50 locations throughout NC, VA and WV. The stores, offering furniture, appliances and electronics, occupy spaces of 15,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 20,000 within five miles. Major competitors include Grand Home Furnishings. For more information, contact Marc Schewel, Schewel Furniture Co., PO Box 6120, Lynchburg, VA 24505; 434-522-0200, Fax 434-522-02027. Factory Mattress operates 17 locations throughout TX. The stores, offering mattresses and related items, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with options. A vanilla shell is required. Preferred demographics include a population of 35,000 within five miles earning $60,000 to $70,000 as the average household income. For more information, contact Steve Frey, Factory Mattress, 8409 North Lamar, Austin, TX 78753; 512-834-6464, Fax 512-834-9455; Email: stephenaustinfrey@yahoo.com. (continued on page twelve)
This issue contains information on: • Retailers operating 37,695 locations with plans to open 2,4329 sites • Real estate valued in excess of $56 million to be bought, sold & financed • Leasing activity on over 3.3 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
ICSC western division conference New Construction Metrovation Brokerage preleases retail development in Hercules, CA.............................................. Pg. 3 Observations and Conversations Pg. 4 State of the Industry Western Division Conference Focus.......................................... Pg. 6 Buyers and Sellers Phillips Edison-ARC acquired a Save Mart-anchored center in Antioch, CA................................ Pg. 7 Exclusives Commercial Realty Advisors Northwest reps Blast Fitness throughout OR and WA.............. Pg. 8 Food Chains Expand Gen specializes in Korean barbeque and continues growth in CA.......................................... Pg. 9 Lease Signings De Rito Partners inks deals throughout AZ............................ Pg. 10 Who’s Opening and Where J Brand to open in Los Angeles and New York............................ Pg. 11 Making the News Katz & Associates names three principals................................... Pg. 12 Sources of Financing Aztec Group, Inc. negotiated financing for a shopping center in Palm City, FL.......................... Pg. 12 Lead Sheet Walgreens is hot for Orange County, CA................................. Pg. 14 Smile Brands to grow in CA, OR and WA...................................... Pg. 15 Space Place................................ Pg. 20
new construction Mid-America Real Estate Corp. is preleasing a shopping center, with a grocery store and home improvement store as proposed anchors, located at the intersection of West 35th Street and Ashland Avenue in Chicago, IL. The site has two outlot spaces of 1.1 acres available, along with anchor spaces of 24,500 sq.ft., 25,500 sq.ft. and 26,000 sq.ft. and shop spaces of 6,000 sq.ft., 14,400 sq.ft., 15,000 sq.ft. and 26,500 sq.ft. Area retailers include Dollar Tree, Target, Party City and Dominick’s. Area demographics include a population of 160,024 within a two-mile radius earning
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Director of Business Development Brenda Buchanan • brenda@dealmakers.net Account Executive Jacqueline Pelicano • jp@dealmakers.net Research Assistant Brenda Robinson • brendar@dealmakers.net Customer Service custserv@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2013 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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$47,432 as the average household income. The average daily traffic count is 25,500 vehicles along Ashland Avenue. Area draws include Illinois Institute of Technology. The company is also preleasing a 19-acre development located at the intersection of 48th Place and Western Avenue in the Brighton Park section of Chicago, IL. A 154,342 sq.ft. anchor space is available, along with shop spaces from 4,000 sq.ft. to 25,000 sq.ft. Area retail includes Home Depot, Walgreens, Burlington Coat Factory and Food 4 Less. Area demographics include a population of 111,258 within 1.5 miles earning $48,551 as the average household income. The company is also preleasing a mixed-use development project located along North Halsted in the Lakeview section of Chicago, IL. The 15-story building features a 10,900 sq.ft. ground floor retail component and a 269-unit residential component. The company is also preleasing a high end, mixed-use development located along Chicago Avenue in Evanston, IL. Area retail includes Walgreens, Whole Foods, Trader Joe’s, and Jewel Osco. Area draws include Northwestern University. Shop spaces from 1,186 sq.ft. to 1,428 sq.ft. are available. The company is also preleasing the redevelopment of Pepper Valley Plaza, located at the intersection of Randall Road and Kaneville Road in Geneva, IL. Area retail includes Old Navy, Walmart, PetSmart, Chipotle, Best Buy, Meijer, Kohl’s, Ross Dress for Less, Marshalls, Bed Bath & Beyond, Costco and buy buy Baby. Area demographics include a population of 111,162 within a five-mile radius earning $120,626 as the average household income. The average daily traffic count is 37,000 vehicles along Randall Road. For more information regarding the West 35th Street and Ashland Avenue property , contact Paul Bryant or Peter Caruso, Mid-America Real Estate Corp., One Parkview Plaza, Ninth Floor, Oakbrook Terrace, IL 60181; 630-954-7354/630-261-6940, Fax 630-9547304; Emails: pbryant@midamericagrp.com and pcaruso@midamericagrp.com; Web site: www.midamericagrp.com. For more information regarding the 48th Place property, contact Paul Bryant or Dan Tausk; 630-9547347; Email: dtausk@midamericagrp.com. For more information regarding the Lakeview property, contact Paul Bryant or Andrew Becker; 630-954-7440; Email: abecker@midamericagrp.com. For more information regarding the Evanston or Geneva properties, contact Peter Caruso or Paige Winkels; 630-954-7221; Email: pwinkels@midamericagrp.com.
Metrovation Brokerage is preleasing a 12-acre development project located at the intersection of San Pablo Avenue and Sycamore Avenue in Hercules, CA. Pad sites of 3,500 sq.ft.; 6,000 sq.ft. and 7,800 sq.ft. are available, along with a shop space of 15,900 sq.ft. and anchor spaces of 12,800 sq.ft. and 25,000 sq.ft. Area retailers include Safeway, Home Depot, Rite Aid, Lucky Supermarket, Best Buy, Kmart, Target, Walmart, Macy’s, Sears, Toys “R” Us, Staples, Walgreens, CVS and Foods Co. Area demographics include a population of 117,124 within a five-mile radius earning $105,366 as the average household income. The center is being developed by PDC. For more information, contact Christine Firstenberg, Metrovation Brokerage, 580 Second Street, Suite 260, Oakland, CA 94607; 510-839-4000 Ext. 240; Email: cfirstenberg@metrovation.com; Web site: www.metrovation.com. LMS Commercial Real Estate is preleasing North Cornwall Commons, a mixed-use development project located in Lebanon, PA. The company is also preleasing the redevelopment of an 11-acre mixed-use project located along Keller Avenue in Lancaster, PA. For more information, contact LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Web site: www.lms-pma.com. Inland Real Estate Corp., along with IBT Group, LLC and Pine Tree Commercial Realty, is developing Evergreen Promenade, a 92,512 sq.ft. shopping center situated on seven acres near Western Avenue on 95th Street in the Village of Evergreen Park, IL. Mariano’s will anchor the center, which is slated to open during fall 2014. The center is already 80% preleased. Area demographics include a trade-area population of 225,400 earning $65,300 as the average household income. For more information, contact Inland Real Estate Corp., 2901 Butterfield Road, Oak Brook, IL 60523; 888-331-4732; Web site: D www.inlandrealestate.com. M
For Press Coverage on your proposed or new construction or redevelopment project send marketing brochures to ann@dealmakers.net September 20, 2013 | Page 3
observations and conversations After When the recession hit in 2007, no matter how efficiently a developer pulled off creating fake city streets, most lifestyle centers lost their luster. Ann O’Neal Welcome to The Dealmakers’ special edition for the ICSC Western Division Conference in San Diego. Leasing activity and acquisitions of retail sites are picking up steam in the Arizona, California, Nevada Oregon and Washington markets. Class “A” centers are getting filled and class “B” centers are holding steady. Problematic centers are moving off the REO lists, some with dramatic write downs. One of the more notable transactions that came across my radar screen is the recent sale of The Shops at Dos Lagos, a 351,000 square foot lifestyle center that opened around 2006 in Corona, California. The center’s $124 million interest-only mortgage soured within a year after the loan was sold as part of a commercial-mortgage backed securities offering. In July of this year, the approximately 70% leased property sold for $30 million. I found that a large percentage of the centers built in the early to mid-2000’s that defaulted on their mortgages in the past few years have been lifestyle and town centers. The definition is highly subjective, but the types of centers that I’m referencing as going back to the lenders are unanchored developments catering to an affluent customer and town centers that are tenanted with traditional retailers and services, along with office or residential components while catering to a broad section of incomes. However, both types of centers require more space for small shops and higher construction costs. It was interesting to theorize why such a large percentage of these types of specialty centers were given back to the lenders. Many of these loans were pro forma-based mortgages and my experience with this type of lending comes from developing and leasing outlet centers way back in the early 80’s. In those days, most outlet tenants didn’t sign leases any longer than three years, with kick-outs if sales dipped to a certain number and stringent co-tenancy clauses, while the rents were often gross or derived from a percentage of sales. Outlet center developers were able to get financing in spite of the economics of the rent roll, because ground-up development of outlet centers was a new concept and the hype was full tilt. Developers of lifestyle centers enjoyed the same hyped-up reception from lenders as outlet developers received thirty years ago. However after the recession hit in 2007, no matter how efficiently a developer pulled off creating fake city streets, most lifestyle centers lost their luster. I think the high percentage of foreclosures of lifestyle and town centers has been partly because a majority of the financing was based on interest only pro forma-lending with balloon payments that few developers could meet, and partly because of a shift in shopping habits and consumer expectations. In the past thirty years, our industry has evolved almost full circle. The 80’s was about building a better or more unique mousetrap with outlet shopping centers, off-price retailers and deep discounters. By 1990, approximately 170 power centers were operating nationwide, setting the stage for category killers with Toys R Us, Best Buy and office supply chains being the most prolific anchors. The next big thing was mega value malls, such as “The Mills” projects melding outlet stores with off-price stores. By the late 90’s bringing an experience or entertainment to shopping centers was the thing to do if you had a dark anchor and mega-scale projects were being developed with an entire entertainment component. Then the ideology of new urbanism was injected into shopping center development, which
evolved into the lifestyle centers concept. By 2000, approximately 140 lifestyle centers were operating nationwide. To counterpart lifestyle centers, developers took parts of that concept to the middle-income suburbs and built town centers with a mix of traditional neighborhood retailers and services, along with office or residential components. Now, we’re coming full circle and the development of outlet centers is again the latest industry trend. On the heels of a recession, consumers are now more focused on price and the chain’s ability to be socially responsible and to create a social community. I read an article that defined this shift in mindset as the “grounded consumer,” a shopper that is not brandloyal, nor status seeking. I think this change in shopping habits is one of the reasons outlet centers are becoming popular again and why chains such as H&M, Forever 21, Uniglo and Topshop have become so successful. Forever 21 is now opening 100,000 square foot stores and serving as anchors in place of traditional department stores. An interesting chain that I came across that fits the bill to meet this new shift in serving a “grounded” customer is the 17-unit chain of fashion and accessories stores for men and women trading as Brooklyn Industries with stores of about 3,000 square feet operating in Chicago, Illinois; New York, New York and Portland, Oregon. Another shift that is becoming more noticeable is the consumers need for customization, whether it’s a custom-made frozen yogurt or the newest rage of custom-made pizzas, custom belts and footwear. While researching for this issue, it also became extremely obvious that major growth is also expected from “dollar store” concepts and discount supermarkets, as well as specialty supermarkets. This issue has some great insight on the west coast with an Industry Round Up of experts in leasing and development giving their thoughts on what chains are active and what type of shopping centers are being built in the region. We also have some great leads in this issue on chains that are looking to open more locations in the western states; Mor Furniture for Less operates 27 locations and is growing throughout California, Oregon and Washington. Sit N Sleep has 29 stores and is expanding in southern California. Planet Fitness and Blast Fitness are both growing in in the western states. Pep Boys plans to open more locations in California and Sally Beauty Supply is growing in the region from Oregon to Arizona. Smile Brands is another chain expanding in California, Oregon and Washington. I have to wrap it up. Stop by our booth at the show in San Diego (#425) and let us know what projects you’re working on. We’re also gearing up for the upcoming shows in Atlanta, Chicago and New York. If you have projects in these markets, get in touch with our editors for press coverage. You can also send us updates from our web site at www.dealmakers.net/free-publicity.
Ann O’Neal, Publisher
Page 4 | September 20, 2013 Dealmakers Magazine | www.dealmakers.net
space available lynn plaza Wheeling, IL 60090
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available 1,753 sq.ft. to 6,859 sq.ft. (can combine to 15,000 sq.ft.) Join
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For more information, contact Michael A. Kolodny, CPM • mikek@hallmarkjohnson.com • 773.545.6160
State of the industry ICSC Western Division Conference Edition Stephanie Weaver Welcome to The Dealmakers’ industry round-up for our special edition to be distributed at the ICSC Western Division Conference in San Diego. Our editors polled retail real estate industry professionals throughout the western region and asked them to share their experiences over the past 12 months. The survey gives shopping center professionals a point of reference to the trends, fluctuations and momentum of retail real estate throughout the west coast with opinions that are candid and unbiased. It offers an exclusive insight to emerging and expanding retail uses, including leasing and sales activity; new construction of retail sites in the pipeline; who’s buying; and a general overview on where the region stands as a whole. As the industry continues to prevail, there is a growing sense of optimism. The Dealmakers received responses from experts on retail real estate in the western regions of the country. Judging from their responses, there is a sense of relief as more tenants are ramping up expansion throughout Arizona, California, Oregon and Washington and new shopping centers are being built or in the pipeline to break ground in the near future. Some areas are reporting strong, tangible success while several others are continuing to struggle, but mostly the news is good. One source, with a focus on the Portland, Oregon metropolitan area, said that this market has “been abuzz” recently, and retailers are engaging in bidding wars for prime anchor and shop spaces. More typical responses from other areas of the northwestern U.S. indicated steady improvements: Commercial Realty Advisors reported that shopping centers are being redeveloped and landlords are hungry for new tenants. At the other end of the spectrum, retailers are looking to expand into new territories and are frantic for trophy retail spaces. National chains are aggressively looking to open dozens of locations in the Portland, Oregon market, including Applebee’s utilizing spaces of 6,000 square feet; Burger King occupying spaces of 2,200 square feet; Costco utilizing spaces of 150,00 square feet; HomeGoods in spaces of 25,000 square feet and T.J. Maxx in spaces up to 28,000 square feet. Blast Fitness, Madewell and Whole Foods are also actively expanding throughout OR and WA with representation by Commercial Realty Advisors. One of the most active uses that have seting up shops across the western United States are sandwich operators, including Subway, Jimmy John’s, Jersey Mikes, Potbelly Sandwich Works, Firehouse Subs and Zoup!, which is a fast-casual soup concept that serves hand-crafted soups. Café Yumm! is extremely active in the Portland, Oregon region, along with Buffalo Wild Wings, Panda Express, MOD Pizza and 7-Eleven. Starbucks is also hitting the pavement hard, seeking and opening drivethru locations. This month, Starbucks debuted its latest concept in southeastern Portland, Oregon, utilizing renovated storage containers tailored to accommodate pedestrians and cyclists. With all that coffee consumption, people will be lining up at dentists’ offices to maintain their pearly whites, thus enabling Aspen Dental, Gentle Dental and Pacific Dental to pop up all over the region. Additionally, Doctor’s Express and ZoomCare have been opening medical facilities in retail settings to provide neighborhoods with urgent care services. To keep the health trend going, LA Fitness and Planet Fitness are also expanding. And it’s not just humans that need to stay healthy, their pets do too – that’s why Petco has opened five of its smaller concept stores, trading as Unleased by Petco, in the Portland trade-area. Petco is not the only retailer expanding its small format stores: DSW has emerged with a 10,000 square foot footprint and Burlington Coat Factory launched a 40,000 square foot prototype store.
Luxury retailers have started to expand in Nevada and well-anchored properties, un-anchored strip centers with good visibility and access and freestanding locations with a drive-thru are leasing up quickly throughout the region. According to Shannon Green from The Richlee Group, discount retailers are expanding throughout the western region as well. Dollar General is expanding throughout California. The Fresh Market is seeking sites of 25,000 square feet for its smaller format and Chase Bank is also aggressive throughout California. Vocational schools and dialysis centers are absorbing vacant anchor positions in strip centers. According to Green, rental rates have increased throughout the state. A large percentage of our survey responders reported that their companies are actively acquiring and selling retail properties in the western region. Recent transactions include Rosana Partners negotiating the $7.2 million sale of a 14,655 square foot shopping center located along South San Pedro Street in Los Angeles, California. De Rito Partners, Inc. is selling numerous properties throughout Arizona. CB Richard Ellis recently brokered the sale of The Pavilion at Redlands, a 97,000 sq.ft. center in Redland, CA for $17.7 million. Velocity Retail Group negotiated the sale of six former Albertson’s supermarkets totaling more than 350,000 square feet throughout the Phoenix, Arizona market, including four sites located in the southeast valley and a location in Goodyear, Arizona. Phillips Edison-ARC Shopping Center REIT, Inc. recently acquired Contra Loma, a 74,616 square foot grocery-anchored shopping center located in Antioch, California. New construction and the redevelopment of retail projects is getting hot and heavy throughout the western region as well. Numerous shopping centers are in the pipeline for redevelopment, including Nyberg Rivers, a 26-acre shopping center in Tualatin, Oregon being redeveloped by CenterCal Properties. The center is anchored by Cabela’s, New Seasons and an existing Michael’s. Gramor Development has their hands full with two major development projects in Beaverton and Sherwood, Oregon. Phase two of the redevelopment of The Summit Reno in Reno, Nevada is slated to open during 2015 and 86% of the initial phase of construction is already leased. In Beaverton, Oregon, Market of Choice recently leased a 40,000 square foot space at Timberland, a 90,000 square foot shopping center. Walmart is cutting the red ribbon with a 150,000 square foot anchor store at Sherwood Town Center, a 20-acre development project that is still currently in the works in Sherwood, Oregon and expanding its Neighborhood Market concept too. New Seasons Market is hot on their heels and preleasing anchor spaces at two new mixed-use developments, Conway project and Grant Park Village, in northern Portland. In Downey, California, The Richlee Group is preleasing a 600,000 square foot power center with an opening slated during fall 2014. The Laguna Hills Mall in South Orange County, California is also undergoing a major remodeling. With all of this deal making, it’s no wonder that the nation’s average vacancy rate in retail is 10.5%, an enormous improvement from the 13% vacancy rate seen in 2010. This trend is forecasted to only keep improving, with an average vacancy rate of 10.1% projected for next year. Retail sales in Nevada are predicted to increase by 5% this year, bringing a renewed sense of optimism in the region. Across the state line, Gilbert, Arizona is seeing a rise in sales-tax revenues; the strongest recovery since the recession in 2007. These are clear indicators that the retail industry is recovering nicely, a very welcome change from the hardship seen in previous years. Based on commentary from many of the respondents, they are finally letting out a very long exhale of relief and ready to make tons of deals.
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buyers and sellers DeRito Partners, Inc. is selling a 4,117 sq.ft. restaurant situated on a land area of 29,273 sq.ft. at the intersection of 16th Avenue and Camelback Road in Phoenix, AZ. Area retailers includes Langert Netzband Jewelers, Sonic Drive-In and Clean Freak Car Wash. Area demographics include a population of 447,444 within five miles earning $51,339 as the average household income. The average daily traffic count is 38,950 vehicles. The asking price is $549,000. The company is also selling a 1,463 sq.ft. freestanding building with a gas station, situated on a land area of 13,370 sq.ft., at the intersection of 7th Street and Dunlap Avenue in Phoenix, AZ. Area retailers include Walgreens, Wells Fargo, Subway and McDonald’s. Area demographics include a population of 337,061 within five miles earning $65,570 as the average household income. The average daily traffic count is 30,833 vehicles along 7th Avenue. For more information, contact Marcela Houser, DeRito Partners, Inc., 3200 East Camelback Road, Suite 175, Phoenix, AZ 85018; 480-8348500/602-553-2933, Fax 602-381-1981; Email: marcela.houser@derito.com; Web site: www.derito.com. Velocity Retail Group negotiated the sale of six former Albertson’s supermarkets totaling more than 350,000 sq.ft. throughout the Phoenix, AZ market, including four sites located in the southeast valley and a location along North Litchfield Road in Goodyear. The company also negotiated the sale of a 0.64-acre parcel along East Camelback Road in Scottsdale, AZ. The company represented the buyer, EBCO, Inc., and Lee & Associates represented the seller, T.D. Note, LLC, in the transaction. For more information, contact Bonnie Arlia, Velocity Retail Group, 2415 East Camelback Road, Suite 400, Phoenix, AZ 85016; 602-682-6020; Email: bonnie.arlia@velocityretail.com; Web site: www.velocityretail.com. Jones Lang LaSalle is selling Shipyard Plaza, a 66,857 sq.ft. shopping center situated on 8.16 acres along Highway 90/Denny Avenue in Pascagoula, MS. Big Lots anchors the center and tenants include GNC, Payless ShoeSource, Hibbett Sporting Goods and GameStop. Walmart Supercenter shadowanchors the property. For more information, contact Kris Cooper, Margaret Caldwell or Blanton Cook, Jones Lang LaSalle; 404-995-2271/2270/ 2269; Emails: kris.cooper@am.jll.com, margaret.caldwell@am.jll.com and blanton.cook@am.jll.com. Dealmakers Magazine | www.dealmakers.net
Cushman & Wakefield is selling a community shopping center located in Tampa, FL. Citi Trends, Elegant Beauty, Humana and Dunkin’ Donuts anchor the center. Area demographics include a population of 124,000 within three miles. The average daily traffic count is 55,000 vehicles. The company is also selling Central Plaza, a neighborhood shopping center located in St. Petersburg, FL. Cotenants include Family Dollar and Citi Trends. Area retail includes Walmart Supercenter. Area demographics include a population of 122,965 within three miles. The average daily traffic count is 47,219 vehicles. For more information, contact Patrick Berman or Jason Donald, Cushman & Wakefield, 813-204-5363/5329, Fax 813-2219166; Emails: patrick.berman@cushwake.com and jason.donald@cushwake.com. Morgan Property Group, LLC negotiated the sale of a 7-Eleven located at the intersection of General Booth Boulevard and Dam Neck Road in Virginia Beach, VA and a 7-Eleven at the intersection of West Broad Street and Pemberton Road in Richmond, VA. For more information, contact Morgan Property Group, 13024 Ballantyne Corporate Place, Suite 250, Charlotte, NC 28277; 704909-4500, Fax 704-909-4501. Rosana Partners negotiated the sale of a 14,655 sq.ft. shopping center located along South San Pedro Street in Los Angeles, CA. The property was acquired for $7.2 million. For more information, contact Jimmy Wang, Rosana Partners, 700 South Flower Street Unit 2920, Los Angeles, CA 90017; 213-8020303; Email: jwang@rosanapartners.com; Web site: www.rosanapartners.com.
Kin Properties is selling an 8,000 sq.ft. freestanding former Carraba’s Italian Grill situated on 1.72 acres located along U.S. Highway 19 North in Clearwater, FL. Area retail includes Home Depot, Lowe’s Home Improvement, Target, Costco, PetSmart and Michaels. Area demographics include a population of 217,127 within a five-mile radius earning $53,219 as the average household income. The average daily traffic count is 85,000 vehicles. The asking price is $595,000. For more information, contact Robert Crum or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Boca Raton, FL 33431; 888-546-7767 Ext. 117/114; Emails: rcrum@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com. Metrovation is selling a 1.26 acre land parcel located along Rheem Boulevard in Moraga, CA. Area retail includes CVS and HomeGoods. Area demographics include a population of 109,254 within five miles earning $152,726 as the average household income. The asking price is $1.399 million. For more information, contact Christine Firstenberg, Metrovation; 510-839-4000 Ext. 240; Email: cfirstenberg@metrovation.com. Phillips Edison-ARC Shopping Center REIT, Inc. acquired Contra Loma, a 74,616 sq.ft. center located in Antioch, CA and anchored by Save Mart. The company also acquired South Oaks Plaza, a 112,300 sq.ft. center located in St. Louis, MO that is 100% occupied. For more information, contact Phillips Edison-ARC Shopping Center REIT, Inc., Web site: www.phillipsedison-arc.com. (continued on page eleven)
DeRito Partners, Inc. is selling a former restaurant in Phoeniz, AZ. September 20, 2013 | Page 7
exclusives and leasing assignments Katz & Associates (845-735-6666) is representing the following retailers with their expansion plans: Advance America Cash Advance using spaces of 1,200 sq.ft. to 1,500 sq.ft. from Brevard to Monroe counties in FL; Aeropostale in spaces of 3,500 sq.ft. to 4,000 sq.ft. in FL; O2B Kids occupying spaces of 25,000 sq.ft. to 30,000 sq.ft. throughout FL, excluding Jacksonville; Aspen Dental occupying spaces of 3,200 sq.ft. throughout Broward, Dade and Palm Beach counties, as well as southern FL; avenue utilizing spaces of 4,000 sq.ft. to 5,000 sq.ft. and bevello occupying spaces of 2,000 sq.ft. to 3,000 sq.ft. nationwide; Bar Louie using spaces of 6,000 sq.ft. to 7,000 sq.ft. throughout NC and SC; Bath & Body Works in spaces of 3,000 sq.ft. throughout AL, NC, SC and TN; Brick House utilizing spaces of 7,000 sq.ft. to 9,000 sq.ft. throughout central and northern NJ; Cato occupying spaces of 4,000 sq.ft. throughout NC; Chick-fil-A using spaces of 4,000 sq.ft. to 4,400 sq.ft. throughout Jacksonville south to MiamiDade County, and southwestern FL; Cici’s Pizza in spaces of 3,600 sq.ft. to 4,000 sq.ft. throughout southeastern FL; Citi Trends utilizing spaces of 11,000 sq.ft. to 12,000 sq.ft. throughout southern FL; DSW using space of 17,500 sq.ft. to 22,000 sq.ft. throughout AL, AR, CT, FL, GA, KY, LA, MI, MS, NC, NJ, NY, eastern PA, SC, TN and Puerto Rico; La Terrine in spaces of 1,000 sq.ft. to 2,000 sq.ft. throughout Manhattan, NY; Let’s Yo! using spaces of 1,500 sq.ft. throughout NJ, NY and PA; Oasis Cate in spaces of 1,200 sq.ft. to 3,000 sq.ft. throughout NC and SC and Namco occupying spaces of 25,000 sq.ft. to 30,000 sq.ft. throughout the northeastern region of the U.S.
Sabre Real Estate (516-874-8070) is representing Blink Fitness with its expansion plans throughout Long Island, NY. The company utilizes spaces of 14,000 sq.ft. to 20,000 sq.ft. in various retail settings and prefers to locate in big box-anchored shopping centers. The company is also representing Chili’s with its expansion plans throughout Long Island and the outer boroughs of New York, NY. The restaurants use spaces of 5,700 sq.ft. to 6,000 sq.ft. in endcaps of shopping centers and freestanding locations situated on land areas of 1.5 acres. The company is also representing Denny’s with its expansion plans throughout Long Island, Manhattan and the outer boroughs of New York, NY. The casual dining restaurants occupy spaces of 3,800 sq.ft. to 5,500 sq.ft. in inline spaces or endcaps of shopping centers, freestanding locations, travel centers or hotels.
Metrovation Brokerage (510-839-4000) is representing McDonald’s with its expansion plans throughout North Bay and East Bay, CA. The company uses spaces of 4,250 sq.ft. on land areas of 28,000 sq.ft. to 50,000 sq.ft. at signalized intersections. The company is also representing Stein Mart with its expansion plans. The company occupies spaces of 28,000 sq.ft. to 36,000 sq.ft. in freestanding locations, as well as grocery-anchored community or power centers.
Commercial Realty Advisors Northwest, LLC (503-274-0211) is representing the following retailers with their expansion plans throughout OR and WA: 7-Eleven in spaces of 3,000 sq.ft.; Applebee’s using spaces of 6,000 sq.ft.; Aspen Dental occupying spaces of 3,000 sq.ft. to 3,500 sq.ft.; AutoZone in spaces of 6,000 sq.ft. to 15,000 sq.ft.; BatteriesPlus utilizing spaces of 1,500 sq.ft. to 2,500 sq.ft.; Beard’s Framing occupying spaces of 1,400 sq.ft.; beautyfirst using spaces of 2,000 sq.ft. to 3,000 sq.ft.; BedMart occupying spaces of 3,000 sq.ft. to 6,000 sq.ft.; Big Al’s Steaks in spaces of 1,800 sq.ft. to 2,000 sq.ft.; Blast Fitness utilizing spaces of 15,000 sq.ft. to 35,000 sq.ft.; Buffalo Wild Wings using spaces of 6,000 sq.ft.; Burger King occupying spaces of 2,200 sq.ft. to 2,800 sq.ft. with a drive-thru; BuyBacks in spaces of 3,000 sq.ft. to 8,000 sq.ft.; carhartt utilizing spaces of 3,000 sq.ft. to 5,000 sq.ft. and Carl’s Jr. occupying spaces of 2,300 sq.ft. to 2,700 sq.ft. The company is also is representing the following companies with their expansion plans throughout OR and southwestern WA: Chase Bank in spaces of 2,500 sq.ft. to 4,200 sq.ft. with a drivethru; Costco using spaces of 150,000 sq.ft.; Cycle Gear occupying spaces of 4,000 sq.ft. to 5,000 sq.ft.; Del Taco utilizing spaces of 2,100 sq.ft. to 2,800 sq.ft. with a drive-thru and Desert Sun in spaces of 1,800 sq.ft. to 2,500 sq.ft.
Reisenfeld & Co. (216-765-8080) is representing Snap Fitness with its expansion plans throughout the greater Cincinnati, OH market. The company occupies spaces of 4,000 to 4,500 sq.ft. in endcaps of shopping centers, as well as pad sites. The gyms prefer to locate a minimum of three miles away from an existing fitness center.
Strategic Retail Advisors (561-743-8724) is representing the following retailers with their expansion plans: Old Navy using spaces of 12,000 sq.ft. to 15,000 sq.ft. and The Wow Factory occupying spaces of 20,000 sq.ft. to 35,000 sq.ft. throughout southern FL: HomeGoods occupying spaces of 25,000 sq.ft., Marshalls in spaces of 26,000 sq.ft. to
28,000 sq.ft. and T.J. Maxx utilizing spaces of 26,000 sq.ft. to 28,000 sq.ft. throughout Broward and Brevard counties in FL: CostPlus World Market using spaces of 25,000 sq.ft. throughout north central and southwest FL: Toys “R” Us/Babies “R” Us in spaces of 45,000 sq.ft. and Tin Fish occupying spaces of 2,500 sq.ft. throughout FL; Fixtures Living using spaces of 23,000 sq.ft. to 27,000 sq.ft. nationwide; Grimaldi’s utilizing spaces of 3,500 sq.ft. and Brio Tuscan Grille/Bravo occupying spaces of 6,000 sq.ft. to 6,500 sq.ft. throughout the southeastern U.S.; Five Guys Famous Burgers and Fries using spaces of 2,200 sq.ft. to 2,800 sq.ft. from Palm Beach to St. Lucie, FL: Paladar in spaces of 7,000 sq.ft. and The Counter utilizing spaces of 3,500 sq.ft. throughout southeastern FL. KeyPoint Partners (781-273-5555) has been appointed the exclusive leasing agent for the following properties throughout RI: Frenchtown Plaza, a 126,096 sq.ft. center located along Post Road, with spaces available of 2,000 sq.ft. and 12,858 sq.ft. and North Kingstown Crossing, a 77,650 sq.ft. center located at the intersection of Ten Rod Road, Route 102/Route 4, with spaces available of 1,302 sq.ft.; 2,340 sq.ft. and 2,672 sq.ft. in North Kingstown; Ocean State Plaza, a 122,096 sq.ft. strip center located along Metacom Avenue, with spaces available from 1,986 sq.ft. to 26,500 sq.ft. in Warren and The Greenwood Shops, a 264,734 sq.ft. center located along Greenwich Road in Warwick, with a 1,894 sq.ft. space available and Park Square Plaza, a 63,123 sq.ft. shopping center located along Park Avenue in Woonsocket, with spaces of 3,968 sq.ft. and 11,258 sq.ft. available. The company has also been appointed the exclusive leasing agent for the following properties throughout NH: Colony Mill Marketplace, a 112,237 sq.ft. center located along West Street in Keene, with spaces available of 2,000 sq.ft. and 3,900 sq.ft.; Maple Tree Mall, a 51,091 sq.ft. strip center located along Hooksett Road in Manchester, with spaces available from 1,600 sq.ft. to 12,797 sq.ft.; Spit Brook Plaza, a 28,030 sq.ft. strip center located along Spit Brook Road in Nashua, with a 6,777 sq.ft. endcap space available; The Crossings at Fox Run, a 474,886 sq.ft. power center located along Gosling Road in Newington and Sugar River Plaza, a 116,826 sq.ft. center along John Stark Highway in Newport, with spaces of 2,475 sq.ft.; 3,000 sq.ft. and 4,880 D sq.ft. available. M
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Page 8 | September 20, 2013 Dealmakers Magazine | www.dealmakers.net
food chains expand nationwide Gen operates four locations throughout CA. The restaurants, specializing in Korean barbeque, occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in freestanding locations, endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by CCP Real Estate Advisors. Pick Up Stix operates 70 locations throughout CA. The Chinese restaurants occupy spaces of 1,200 sq.ft. to 2,200 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by CCP Real Estate Advisors. Typical leases run 10 years with two, fiveyear options. The company prefers to locate in second-generation spaces. Pita Jungle operates 18 locations throughout AZ and CA. The restaurants, offering Mediterranean cuisine, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by CCP Real Estate Advisors. For more information regarding expansion for Gen and Pita Jungle, contact Chris Fredrick, CCP Real Estate Advisors, 220 Newport Center Drive, Suite 18, Newport Beach, CA 92660; 949-717-7711 Ext. 12, Fax 949-717-001; Email: chris@ccprea.com; Web site: www.ccprea.com. For more information regarding expansion for Pick Up Stix, contact Ian Furar, Ext. 11, Email: ian@ccprea.com. Tucanos Acquisition Co., LLC trades as Tucanos Brazilian Grill at seven locations throughout CO, ID, MO, NM, UT and VA. The restaurants occupy spaces of 7,500 sq.ft. in freestanding locations, regional malls and endcaps of entertainment and lifestyle centers, as well as urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months, with representation by HMS Retail. Typical leases run 10 years. A vanilla shell and tenant improvement allowance are required. Preferred cotenants include move theaters and upscale casual dining restaurants and lifestyle retailers. Preferred demographics include a population of 400,000 within a 20-minute drive time earning $65,000 as the average household income. Up to 1,000 sq.ft. of outdoor patio space is preferred. For more information, contact Lloyd Goldstein, HMS Retail, 500 Midsummer Drive, Suite 100, North Potomac, MD 20878; 301-908-9797, Fax 240-477-8951; Email: lloyd@hmsretail.com; Web site: www.tucanos.com. Dealmakers Magazine | www.dealmakers.net
Johnny Rockets, Inc. trades as Johnny Rockets at 296 locations nationwide and internationally. The casual dining restaurants occupy spaces of 500 sq.ft. to 4,800 sq.ft. in malls, entertainment, outlet, specialty and tourist centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 80,000 within three miles earning $55,000 as the average household income. The company is franchising. For more information, contact Alan Greengard, Johnny Rockets, Inc., 20 Enterprise, Suite 300, Aliso Viejo, CA 92656; 949-643-6150, Fax 866-209-9523; Email: agreengard@johnnyrockets.com; Web site: www.johnnyrockets.com. Yogurtland operates more than 180 locations nationwide. The yogurt shops occupy spaces of 900 sq.ft. to 1,400 sq.ft. in various retail settings. Growth opportunities are sought throughout Chicago, IL during the coming 18 months, with representation by Baum Realty Group. The company prefers sites with high visibility and dense traffic counts. For more information, contact Matt Fetter or Nicole Cardot, Baum Realty Group, 1030 West Chicago Avenue, Chicago IL 60642; 312-275-3131/0371; Emails: matt.fetter@baumrealty.com and nicole@baumrealty.com; Web sites: www.baumrealty.com or www.yogurt-land.com. Jack in the Box, Inc. trades as Jack in the Box at more than 2,200 locations throughout AZ, CA, CO, HI, ID, IL, KS, LA, MO, NC, NM, NV, OK, OR, SC, TN, TX, UT and WA. The fast food restaurants occupy spaces of 2,000
sq.ft. to 2,700 sq.ft. in freestanding locations. Growth opportunities are sought throughout CA, OH and TX during the coming 18 months. The company prefers sites with a drive-thru. A land area of 30,000 sq.ft. is required. For more information, contact Jim Fay, Jack in the Box, Inc., 9330 Balboa Avenue, San Diego, CA 92123; 858571-2121, Fax 858-694-1543; Web site: www.jackinthebox.com. Southern Maid Donut Flour Co. trades as Southern Maid Donut Shop at 95 locations throughout CO, IL, LA, OK, TN, TX and WA and Japan. The donut shops occupy spaces of 1,200 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought nationwide and internationally during the coming 18 months. For more information, contact A.H. Hargrove, Southern Maid Donut Flour Co., 3615 Cavalier Drive, Garland, TX 75042; 972-272-6425, Fax 972-276-3549; Web site: www.southernmaiddonuts.com. McDonald’s operates 34,500 locations nationwide and internationally. The fast-food restaurants occupy spaces of 4,250 sq.ft. in various retail settings. Growth opportunities are sought throughout North Bay and East Bay, CA during the coming 18 months, with representation by Metrovation Brokerage. The company requires a land area of 28,000 sq.ft. to 50,000 sq.ft. and corner locations at signalized intersections. For more information, contact Christine Firstenberg, Metrovation Brokerage, 580 Second Street, Suite 260, Oakland, CA 94607; 510-839-4000 Ext. 240; Email: cfirstenberg@metrovation.com; Web site: www.metrovation.com. DM
McDonald’s is seeking growth opportunities throughout North Bay and East Bay, CA during the coming 18 months. September 20, 2013 | Page 9
lease signings Cassidy Turley (858-625-5299) negotiated the following transactions throughout CA: a 10-year lease with 99¢ Only Stores, Inc. for 13,715 sq.ft. at Sun Valley Shopping Center, located along Main Street in Ramona; a 10-year lease to Andre Boudin Holding Co. trading as Boudin SF for 4,000 sq.ft. at Balboa Mesa Shopping Center, located along Balboa Avenue in San Diego, with the company representing the tenant and CBRE representing the landlord in the transaction; a 10-year lease with Charming Charlie, Inc. for 5,000 sq.ft. at The Crossings at Corona, located along Grand Oaks in Corona, with the company representing the landlord and
The Eddy Co. representing the tenant in the transaction; a 10-year lease with Elements Therapeutic Massage for 1,800 sq.ft. at Camino Town & Country at the intersection of El Camino Real and Vista Way in Oceanside, with the company representing the landlord and Walsh Property Group representing the tenant in the transaction. National Realty & Development Corp. (914272-8035) negotiated a lease with Old Navy for 13,500 sq.ft. and with GNC for 1,500 sq.ft. at Orange Plaza, an 815,000 sq.ft. power center located at the intersection of Route 211 East and Route 17 in Middletown NY.
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De Rito Partners, Inc. (480-834-8500) negotiated the following leases throughout Phoenix, AZ: with General Dentistry 4 Kids for 7,264 sq.ft. at the intersection of 35th Avenue and Glendale Avenue, with the company representing the landlord in the transaction; with Urban Wear for 1,478 sq.ft. at the intersection of 19th Avenue and Camelback Road, with the company representing the landlord in the transaction; with Red Hut Coffee & Espresso for 1,575 sq.ft. at the intersection of 7th Street and Roosevelt Street, with the company representing the tenant in the transaction; with Arizona Healthy Care for 1,256 sq.ft. at the intersection of 43rd Avenue and Indian School Road, with the company representing the landlord in the transaction; with TitleMax for 3,247 sq.ft. at the intersection of 35th Avenue and Southern Avenue, with the company representing the landlord in the transaction; with Planet Fitness for 21,000 sq.ft. at Metro Gateway Shopping Center, located at the intersection of 35th Avenue and Peoria Avenue, with the company representing the landlord in the transaction and with Pizza Hut for 1,510 sq.ft. at the intersection of 32nd Street and Cactus Road, with the company representing the tenant in the transaction. illi Commercial Real Estate (818-501-2212) negotiated the following leases throughout CA; a 16,245 sq.ft. space to Planet Fitness along Main Street in Carson, with the company representing the landlord in the transaction; a 1,310 sq.ft. space to Dr. Ike’s Pharmacy along Ventura Boulevard in Studio City, with the company representing both the landlord and the tenant in the transaction and with Massage Therapy for 1,200 sq.ft. along East Los Angeles Avenue in Simi Valley, with the company representing the landlord in the transaction.
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AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,700 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., over 335 stores in Mexico, and have recently opened in Brazil.
3 GrowinG StronG… Over 5,000 stores, and we open more every week 3 StoreS that are 100% Company owned and operated… No franchises 3 FinanCially diSCiplined… We make the right decisions to protect our shareholders 3 reliable… Whether purchase money or rent, our funds will be there…on time, every time For site criteria and contact information go to www.autozonerealestate.com or simply use your smartphone to scan the QR code ©2013 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.
Taylor Long Properties (804-864-9788) negotiated the following leases throughout VA: with Hand and Stone Massage and Facial Spa for 3,022 sq.ft. Hancock Village; with Maglio’s New York Pizza for 3,680 sq.ft. and with Qdoba for 2,400 sq.ft at Hancock Village in Chesterfield, with the company representing the landlord in the transactions. The company also negotiated a lease renewal with Cost Plus World Market for 18,000 sq.ft. at Brookhollow Shopping Center in Glen Allen, with the company representing the landlord in the transaction. Cafaro (330-747-2661) signed a lease with Ulta for an 11,000 sq.ft. store at the Kentucky Oaks Mall, a one-million sq.ft. development located along Interstate 24 in Paducah, KY. DM
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buyers and sellers (continued from page seven)
Stream Capital Partners, LLC is selling a 4,090 sq.ft. Panera Bread, located at the intersection of Highway 84 and East Lee Street in Enterprise, AL. The tenant is bound to a 15-year NNN lease featuring three, fiveyear options and 10% rent increases. The asking price is $2.254 million with a Cap rate of 5.5%. For more information, contact Adam English, Jordan Shtulman or Jonathan Wolfe, Stream Capital Partners, LLC, 1946 West Lawrence Avenue, Chicago, IL 60640; 205-490-2823/847-226-4133/312310-2798; Emails: adam@stream-cp.com, jordan@stream-cp.com and jonathan@stream-cp.com. The Greysteel Co. is selling Joppa-Perring Retail Center, situated on 4.11 acres at the intersection of Joppa Road and Perring Parkway in Parkville, MD. The property is 100% occupied and tenants include Checker’s and Savers Thrift Superstore. Area demographics include a population of 303,000 within a five-mile radius. The average daily traffic count is 67,000 vehicles. For more information, contact Gil A. Neuman, The Greysteel Co., 7735 Old Georgetown Road, Suite 301, Bethesda, MD 20814; 202-499-4077. Stan Johnson Co. is selling a 21,000 sq.ft. Office Depot situated on 1.2 acres in Corsicana, TX. The tenant is bound to a lease with 11-years remaining on the initial term featuring four, five-year renewal options. Area retailers include Home Depot, Gander Mountain, Chili’s, Russell Stover, Taco Bell, Wendy’s and Shell. The average daily traffic count includes 36,000 vehicles along Interstate 45. For more information, contact D. Andrew Ragsdale, Jerry Hopkins or Ken Hedrick, Stan Johnson Co., Two Warren Place, 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918494-2690; Emails: aragsdale@stanjohnsonco.com; jhopkins@stanjohnsonco.com and khendrick@stanjohnsonco.com; Web site: www.stanjohnsonco.com. United Equities Corp. is seeking to acquire single tenant retail properties. Suitable properties include tenants bound to leases with at least 15 years remaining on the initial term and priced at a minimum of $1 million. For more information, contact Arnold Kramer or Steven Kramer, United Equities Corp., 875 North Michigan Avenue, Suite 3100, Chicago, IL 60611; 312787-2212 Ext. 88/33, Fax 312-803-9652; Emails: akramer@unitedeq.com and steven.kramer@unitedeq.com. DM Dealmakers Magazine | www.dealmakers.net
who’s opening and where Hennes & Mauritz AB (212-564-9922) is planning to open a 20,000 sq.ft. H&M store at Destin Commons, an open-air lifestyle center, situated on 56 acres, in Destin, FL. It will be the company’s first location in northwestern FL and will join Bass Pro Shop, which is expected to open next year, Belk and AMC Destin at the shopping center. The company, offering apparel, footwear and accessories for men, women and children, currently operates 278 stores throughout the U.S. Tops Friendly Markets, LLC (800-522-2522) is planning to open a 52,000 sq.ft. Tops Friendly Market store, with a fueling station, at Depot Plaza in Irondequoit, NY during spring 2014. A 50,000 sq.ft. location is also slated to open at the Frontier Commons Plaza along Jefferson Road in Henrietta. The company currently operates 14 full-service stores and five fuel stations within Monroe County, NY. Ground Round Grill & Bar (617-380-3100) is planning to open six restaurants during 2014, including locations in NJ with the franchisee Recreation Centers, LLC. The company, offering burgers, salads, steaks, and desserts, currently operates family-style restaurants throughout the Midwestern and northeastern regions of the U.S. Tuscanos Brazilian Grill (208-343-4300) is planning to open a restaurant in central IN during 2014. The chain of Brazilian steakhouses operates eight locations in Provo and Salt Lake City, UT; Albuquerque, NM; Boise, ID; Colorado Springs, CO; Newport News, VA; St. Charles, MO and Sugar Land, TX. Gordmans Stores, Inc. (402-691-4000) plans to enter OH during fiscal 2015. The company is also slated to open a 50,000 sq.ft. Gordmans store at Hay Creek Shops, located along Highway 83 in Bismark,, ND during fall 2014. The chain of department stores operates at 90 locations throughout 19 states. Heinen’s, Inc. (855-475-2300) is planning to open a two-story Heinen’s Fine Food supermarket at the intersection of Waukegan Road and Glenview Road in Glenview, OH during April 2014. It will be the company’s second location in the greater Chicago, IL area. The company operates 18 locations throughout IL and OH. Menard, Inc. (715-876-5911) is planning to open a Menards store situated on 17 acres in Pierre, SD during 2015.
Von Maur, Inc. (563-388-2200) is planning to open a 140,000 sq.ft. Von Maur department store at The Corners, a mixeduse development located east of Barker Road, between Interstate 94 and West Blue Mound Road in Brookfield, WI during November 2015. The company, offering apparel, footwear and accessories for men, women and children, currently operates more than 27 locations throughout 11 states nationwide. Woodland Creek Furniture (231-668-9125) is planning to open a store in Ann Arbor, MI during 2014. The company, offering custom furniture from local and sustainable sources, currently operates three locations in Kalkaska, Traverse City and West Bloomsfield, MI. bebe stores, inc. (415-715-3900) is planning to open one bebe store and one 2B store during 2014. The company, offering apparel, shoes and accessories for women, currently operates 185 bebe stores and 51 2b stores throughout the U.S., Virgin Islands, Puerto Rico and Canada. Signet Jewelers, Ltd. (330-668-5000) is planning to open 75 to 85 Kay Jewelers and Jared the Galleria of Jewelry stores for the full fiscal 2014 year. Krispy Kreme Doughnuts, Inc. (800-4574779) is planning to open four to five smaller Krispy Kreme prototype stores during 2014 and plans to operate 900 locations internationally by early 2017. The company, offering donuts and hot and cold beverages, currently operates 93 company stores and 696 franchise stores. Cost Plus World Markes (877-967-5362) is planning to open a store at Settlers Market, along Monticello Avenue in Williamsburg,VA during spring 2014. The company will join Stein Mart at the shopping center. The company, offering home décor items and furniture, currently operates 259 locations nationwide. La-Z-Boy, Inc. (734-241-2435) is planning to open an 11,000 sq.ft. La-Z-Boy store located along East Camelback Road in downtown Scottsdale, AZ during March 2014. It will be the company’s ninth location in the state. J Brand Stores (888-549-1610) is planning to open J Brand stores in Los Angeles, CA and New York, NY during 2014. The company offers premium denim apparel. DM September 20, 2013 | Page 11
home-related chains expand nationwide (continued from page one)
Blinds to Go, Inc. trades as Blinds to Go at 85 locations throughout CT, DE, MA, MI, NJ, NY, PA, VA and in Ontario and Quebec, Canada. The stores, offering custom-made blinds and shades, occupy spaces of 3,500 sq.ft. to 45,000 sq.ft. in freestanding locations and endcaps of strip centers. Plans call for three openings throughout Natick and Chestnut Hill areas along Route 9 in MA and in areas along Route 59 in Nanuet, NY during the coming 18 months. Typical leases run 10 years with three, five-year options. A turnkey is required. Preferred cotenants include Home Depot, Lowes Home Improvement and Bed Bath & Beyond. Preferred demographics include a population of 300,000 within five miles earning $50,000 as the average household income. A land area of .5 acres is required for freestanding locations. For more information, contact Yves Pardo, Blinds to Go, Inc., 3510 St. Joseph Boulevard East, Montreal, Quebec, Canada H1X 1W6; 514-255-4000, Fax 514-259-9992; Email: ypardo@blindstogo.com; Web site: www.blindstogo.com. Bill’s Carpet Fair, Inc. trades as Bill’s Carpet Fair at six locations throughout MD. The stores, offering carpet, area rugs, hardwood and laminate flooring, occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Maureen Anderson, Bill’s Carpet Fair, Inc., 7100 Rutherford Road, Baltimore, MD 21244; 410-298-5800, Fax 410-298-4849; Web site: www.billscarpetfair.com. Airbase Carpet & Tile Mart operates 11 locations throughout DE and PA. The stores, offering
carpet, area rugs, tile, vinyl and hardwood flooring, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Deptford, NJ and in Exton/Downingtown areas in Chester County, Springfield in Delaware County, Oaks, Plymouth Meeting and King Prussia in Montgomery County, Oxford Square in Bucks County and in south Philadelphia, PA during the coming 18 months. Preferred demographics include a population of 80,000 within 10 miles. The company will only acquire sites. For more information, contact Michael Longwill, Airbase Carpet & Tile Mart, 230 North Dupont Highway, New Castle, DE 19720; 302-328-1597 Ext. 222, Fax 302322-9151; Email: mlongwill@carpetmart.com; Web site: www.carpetmart.com. Raymour & Flanigan Furniture operates 101 locations throughout CT, DE, MA, NJ, NY, PA and RI. The stores offer bedroom, living room and dining room furniture. The company seeks sites of 15,000 sq.ft. to 25,000 sq.ft. for urban areas and of 40,000 sq.ft. to 60,000 sq.ft. in suburban areasThe stores occupy freestanding locations, power and strip centers. Growth opportunities are sought throughout the metropolitan NJ and NY areas and Philadelphia, PA during the coming 18 months. Typical leases run 10 to 15 years. Preferred demographics include a population of 150,000 within seven miles earning $50,000 as the average household income. A land area of 3.5 acres is required for freestanding locations. For more information, contact Scott Milnamow, Raymour & Flanigan Furniture, PO Box 220 / 7248 Morgan Road, Liverpool, NY 13088; 315-453-2590, Fax 315-4532570; Email: smilnamow@raymourflanigan.com; Web site: www.raymourflaningan.com. DM
Raymour & Flanigan Furniture is seeking growth opportunities throughout the metropolitan NJ and NY areas and Philadelphia, PA during the coming 18 months.
real estate professionals making the news
NAI San Diego (619-497-2255) hired Daniel Weiss as an associate. Weiss will engage in all areas of brokerage, including leasing, sales, and advisory services while focusing on the north county submarkets of San Diego, CA. Prior to joining NAI San Diego, he was a sales and leasing associate with Pacific Coast Commercial. NAI San Diego is a locally owned and independently operated, full service commercial real estate brokerage and property management firm and a member of NAI Global, a network of 5,000 commercial real estate professionals and over 350 offices in over 55 countries. Katz & Associates (858-452-0031) has appointed Marty Hennessy, David Emihovich and Julie Gardner as principals. Hennessy and Emihovich will manage the firm’s FL office and Gardner will manage the company’s office in Charlotte, NC. Solon Gershman, Inc. (314-962-9400) rebranded itself as Gershman Commercial Real Estate. The company specializes in brokerage, asset and facilities management, investment acquisition/disposition, corporate services, D consulting and development services. M
sources of financing Aztec Group, Inc. negotiated $7 million in financing for Martin Downs Town Center, a 36,252 sq.ft. shopping center situated on 12 acres along Southwest Town Center Way in Palm City, FL. The financing was obtained on behalf of Inovalis City Center Retail Fund. The five-year loan provided 70% of the total project cost. The company specializes in acquisition, disposition, financing and capital needs for institutional investors, entrepreneurs and commercial developers. For more information, contact Aztec Group, Inc., 2665 South Bayshore Drive, Coconut Grove, FL 33133; Web site: www.aztecgroup.com. Meridian Capital Group, LLC negotiated $2 million in financing for two, seven-story mixed-use sites featuring 3,100 sq.ft. of retail space along Grand Street in New York, NY. The loan features a rate of 2.9% and a fiveyear term. For more information, contact Jonathan Stern, Meridian Capital Group, LLC, 1 Battery Park Plaza, 26th Floor, New York, NY 10004; 212-612-0181, Fax 212-201-5181; Email: jstern@meridiancapital.com; Web D site: www.meridiancapital.com. M
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lead sheet European Creations, Ltd. dba Aldila Hasan Sarihan 12240 Horseshoe Way, Suite 14 Richmond, British Columbia, Canada V7A 4X9 604-275-0440, Fax 604-275-0433
Apparel The 10-unit chain operates locations throughout Canada. The stores, offering women’s apparel, occupy spaces of 1,200 sq.ft. in regional malls and strip centers. Growth opportunities are sought throughout British Columbia and Calgary, Canada during the coming 18 months. Typical leases run five years. Preferred cotenants include women’s apparel stores. Preferred demographics include a population of 200,000 within five miles earning $60,000 as the average household income.
The Pep Boys – Manny, Moe & Jack dba Pep Boys Nicholas Puccio 3111 West Allegheny Avenue Philadelphia, PA 19132 760-215-9372 Email: nicholas_puccio@pepboys.com Web site: www.pepboys.com
Automotive The 760-unit chain operates locations nationwide and in Puerto Rico. The automotive service centers occupy spaces of 4,000 sq.ft. to 6,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout CA during the coming 18 months. The company will also consider second-generation automotive service centers. Preferred demographics include a trade-area population of 100,000.
Flash Foods, Inc. dba Flash Foods Kathy Aldridge PO Box 2149 Waycross, GA 31502 912-285-4011 Ext. 2329, Fax 912-490-1087 Email: kaldridge@flashfoods.com Web site: www.flashfoods.com
Convenience The 172-unit chain operates locations northern FL and GA. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 30 years.
Hobo Pantry Food Stores Andy Shirley 5744 East US Highway 84 Cowarts, AL 36321 334-793-1544, Fax 334-793-5357
Convenience The 21-unit chain operates locations throughout AL. The convenience stores occupy spaces of 2,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a population of 50,000 within seven miles.
Johnny Quik Food Stores, Inc. dba Johnny Quik Food Stores Ernie Beal 96 Shaw Avenue, Suite 240 Clovis, CA 93612 559-297-6830, Fax 559-297-7519
Convenience The 18-unit chain operates locations throughout CA. The convenience stores occupy spaces of 3,400 sq.ft. in freestanding locations. Growth opportunities are sought throughout Fresno, CA during the coming 18 months. Preferred demographics include a population of 25,000 within two miles earning $50,000 as the average household income.
Sally Beauty Holdings, Inc. dba Sally Beauty Supply Andrea Cirbian 3001 Colorado Boulevard Denton, TX 76201 800-777-5706 Ext. 4819 Email: acirbian@sallybeauty.com Web site: www.sallybeauty.com
Cosmetics The 3,200-unit chain operates locations nationwide and in Canada, Puerto Rico and internationally. The beauty supply stores occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in shopping centers. Growth opportunities are sought throughout AZ, CA, NV, OR, WA and Puerto Rico during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores, apparel, discount and department stores. The company also trades as CosmoProf / Armstrong McCall at 1,100 locations throughout the continental U.S. and Canada. The stores, offering beauty supplies and salon products for professionals in the industry, occupy spaces of 1,400 sq.ft. to 2,500 sq.ft. in freestanding locations, shopping centers and unanchored strip centers. Growth opportunities are sought throughout AZ, CA, NV, OR, WA and Puerto Rico, during the coming 18 months.
Dealmakers Magazine | www.dealmakers.net
September 20, 2013 | Page 13
lead sheet Macy’s, Inc. dba Macy’s Department Stores Carl Goertemoeller 7 West 7th Street Cincinnati, OH 45202 513-579-7666, Fax 513-579-7513 Web site: www.macys.com
Department Store The 800-unit chain operates locations nationwide throughout 45 states and in Guam and Puerto Rico. The department stores occupy spaces of 100,000 sq.ft. to 180,000 sq.ft. in malls, power, specialty and strip centers. Growth opportunities are sought throughout major markets nationwide in 45 states, and in Guam and Puerto Rico during the coming 18 months.
Uniprix, Inc. dba Uniprix Clinique, Uniprix, Clinique Sante and Uniprix Sante Michel Jomolka 5000 Metropolitan Boulevard East Saint Leonard, Quebec Canada H1S 3G7 514-725-1212, Fax 514-723-8205 Web site: www.uniprix.com
Drug Store The 360-unit chain operates locations throughout Quebec, Canada. The drug stores occupy spaces of at least 8,000 sq.ft. in freestanding locations, malls, specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include restaurants.
Walgreens Blaine Bush c/o Strategic Retail Advisors 3990 Westerly Place, Suite 230 Newport Beach, CA 92660 949-640-6678 Ext. 18, Fax 949-748-8088 Email: blaine@strategicretailadvisor.com Web site: www.strategicretailadvisor.com
Drug Store The 8,585-unit chain operates locations nationwide and in Puerto Rico. The drug stores occupy spaces of 15,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Orange County and Riverside, CA during the coming 18 months, with representation by Strategic Retail Advisors. Preferred cotenants include grocery stores. A land area of 60,000 sq.ft. is required for freestanding locations. A drive-thru is required for endcap locations.
Dollar Star Ralph Lobodzinski 16300 Northwest 48th Avenue Hialeah, FL 33014 305-970-6929 Email: rlobo@warehouse99.com
Discount The 17-unit chain operates locations throughout FL, GA, NC and SC. The stores, offering discounted general merchandise, occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Major competitors include Dollar Tree, Dollar General and Family Dollar.
U.S. Cellular Corp. dba U.S. Cellular Erran Zinzer 8410 West Bryn Mawr Chicago, IL 60631 773-399-6836 Email: erran.zinzer@uscellular.com Web site: www.uscellular.com
Electronics The 1,200-unit chain operates locations nationwide. The stores offer cellular phones, mobile accessories and related services. The company prefers to occupy pad sites of 1,500 sq.ft. to 3,000 sq.ft. in rural areas and 2,000 sq.ft. to 4,000 sq.ft. in major markets. Anchoredshopping centers are preferred. Plans call for for 35 to 45 openings throughout IA in all national/retail anchored areas; Chicago, Peoria, Rockford and Springfield, IL; northwestern IN and Appleton, Greenbay, Madison and Milwaukee, WI during the coming 18 months. Preferred demographics include a population of 25,000 for rural areas and a population of 75,000 for metropolitan areas.
Paragon Theaters Lloyd Goldstein c/o HMS Retail 500 Midsummer Drive North Potomac, MD 20878 301-908-9797, Fax 240-477-8951 Email: lloyd@hmsretail.com
Entertainment The six-unit chain operates locations throughout FL, MN, NY and VA. The movie theaters/ restaurants occupy spaces of 35,000 sq.ft. to 55,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the Mid-Atlantic, Midwestern and southeastern regions of the U.S. during the coming 18 months, with representation by HMS Retail.
Page 14 | September 20, 2013 Dealmakers Magazine | www.dealmakers.net
lead sheet Spencer Gifts, LLC dba Spencer’s Sue Waldman 6826 Black Horse Pike Egg Harbor Township, NJ 08234 609-645-3300, Fax 609-645-5728 Email: sue.waldman@spencergifts.com Web site: www.spencergifts.com
Gifts The 635-unit chain operates locations nationwide and in Canada. The stores, offering unique merchandise and gift items, occupy spaces of 1,800 sq.ft. to 2,100 sq.ft. in regional malls. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required.
Cutting Crew and Lemon Tree Salon Gordon Heeps c/o RedMark Realty, LLC 7 Southside Drive, Suite 200 Clifton Park, NY 12065 518-952-7500 Email: gheeps@redmarkrealty.com Web site: www.redmarkrealty.com
Hair Salon The chain operates locations throughout CT, NJ and eastern and Long Island, NY and throughout the greater PA region. The hair salons occupy spaces of 600 sq.ft. to 1,200 sq.ft. in strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by RedMark Realty, LLC. The company prefers to locate in second-generation spaces and preferred cotenants include grocery stores.
Great Clips Belinda Avera 2454 Arcadia Drive Acworth, GA 30101 770-529-7252, Fax 770-529-5370 Email: belinda.avera@greatclips.com Web site: www.greatclips.com
Hair The 3,400-unit chain operates locations nationwide and in Canada. The family hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in power and strip centers. Growth opportunities are sought throughout AL, AR, FL and in Atlanta, Augusta, Columbus, Macon and Savannah, GA and TN during the coming 18 months.
Smile Brands, Inc. dba Bright Now Dental, Monarch Dental and Castle Dental Bill McCarthy 8105 Irvine Center Drive Irvine, CA 92618 714-668-1300 Web site: www.smilebrands.com
Health The 400-unit chain operates locations nationwide. The centers, offering dental care, orthodontics and specialty dentistry services, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in power centers. Growth opportunities are sought throughout central, northern, southern and San Diego, CA; Orlando and Tampa, FL; Oklahoma City, OK; OR; TX; UT and WA during the coming 18 months. Typical leases run 10 years. Preferred cotenants include grocery stores, Sams Club, Target, T.J. Maxx and Walmart.
Clarks Shoes Farron Roboff c/o Royal Properties, Inc. 850 Bronx River Road Bronxville, NY 10708 914-237-3403, Fax 914-237-0196 Email: farron@royalpropertiesinc.com Web sites: www.clarksusa.com and www.royalpropertiesinc.com
Shoes The 250-unit chain operates locations nationwide and in Puerto Rico. The family shoe stores occupy spaces of 2,200 sq.ft. to 3,000 sq.ft. in lifestyle centers and street fronts. Growth opportunities are sought throughout CT and Long Island, Brooklyn, Queens and Westchester County in NY during the coming 18 months, with representation by Royal Properties, Inc. The company prefers to locate in affluent areas.
Red Wing Brands of America, Inc. dba Red Wing Shoes Marisa Dille 314 Main Street Red Wing, MN 55066 651-388-8211, Fax 651-388-0897 Web site: www.redwingshoe.com
Shoes The 430-unit chain operates locations nationwide. The stores, offering work and hunting boots, safety and service shoes, occupy spaces of 1,500 sq.ft. on pad sites of strip centers. Plans call for 25 to 35 openings nationwide during the coming 18 months. Typical leases run three to five years. A vanilla shell is required.
Dealmakers Magazine | www.dealmakers.net
September 20, 2013 | Page 15
lead sheet Hand & Stone – Massage and Facial Spa John Mitchell c/o JBG Rosenfeld Retail 4445 Willard Avenue, Suite 700 Chevy Chase, MD 20815 301-657-0700, Fax 301-657-9850 Email: jmitchell@jbgr.com Web site: www.handandstone.com
Specialty The 85-unit chain operates locations throughout AZ, CA, CO, CT, DE, FL, IL, MD, MO, NC, NJ, NY, OR, PA, SC, TX, VA, WA, WI and Canada. The spas, offering massages, facials and waxing services, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout suburban areas in MD during the coming 18 months, with representation by JBG Rosenfeld Retail.
Lakes Singer Center dba Mulqueen Sewing & Vacuums Mr. Pat Mulqueen 3716 East Main Street Mesa, AZ 85205 480-545-0778, Fax 480-545-8266
Specialty The five-unit chain operates locations throughout AZ. The shops, offering vacuums and related sewing items, occupy spaces of 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Phoenix, AZ during the coming 18 months. A land area of .5 acres is required. The company prefers to acquire sites.
Revolve Lee Block c/o Winick Realty Group 11 Commerce Drive, Suite 205 Cranford, NJ 07016 201-441-3511, Fax 908-325-6062 Email: lee@winick.com Web site: www.winick.com
Specialty The two-unit chain operates locations throughout Manhattan, NY and Washington, DC. The indoor cycling fitness centers occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout the tri-state area during the coming 18 months, with representation by Winick Realty Group.
Calendar Holdings, LLC dba Go! Calendars Lori Lesko 6411 Burleson Road Austin, TX 78744 512-386-7220, Fax 512-369-6192 Email: loril@calendars.com Web site: www.calendarholdings.com
Temporary Tenant The 500-unit chain operates locations nationwide. The company offers board games and related items and operates in kiosks of malls and inline spaces of lifestyle and outlet centers. Growth opportunities are sought from September through January in areas nationwide. Go! Games prefers sites of 1,000 sq.ft. to 2,400 sq.ft., Go! Games & Go! Toys utilize spaces of 2,000 sq.ft. to 4,000 sq.ft. for combination stores.
Halloween Express Karl Weidner 302 North Main Street Owenton, KY 40359 513-300-0000, Fax 513-677-8641 Email: kweidner@fuse.net Web site: www.halloweenexpress.com
Temporary Tenant The chain operates locations nationwide on a temporary basis. The Halloween stores occupy spaces of 5,000 sq.ft. in freestanding locations, regional malls, lifestyle, power and strip centers. Plans call for 150 season locations operating from September through November and growth opportunities are sought nationwide. Preferred demographics include a population of 100,000 within five miles. Major competitors include Spirit Halloween and Halloween City. The company is franchising.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. Page 16 | September 20, 2013 Dealmakers Magazine | www.dealmakers.net
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space place Arizona
Arizona
California
Fountain Hills – Fountain Hills Plaza, located at the intersection of Palisades Boulevard and La Montana Drive, has a pad site available. Cotenants include Ace Hardware, Basha’s, Goodyear and Meridian Bank. Area demographics include a trade-area population of 26,621 earning $95,988 as the average household income. The average daily traffic count is 16,750 vehicles. For more information, contact Pederson Group, Inc., 2800 North Central Avenue, Suite 1500, Phoenix, AZ 85004; 602265-2888, Fax 602-265-2889; Web site: www.pedersoninc.com.
480-368-0444; Email: lk@azpre.com; Web site: www.azpre.com.
Costa Mesa – Bristol Village Plaza, located at the intersection of Bristol Street and Red Hill Avenue, has a 1,125 sq.ft. space available. Cotenants include McDonald’s and Salon Coco. Area demographics include a population of 154,583 within three miles earning $95,994 as the average household income. For more information, contact Terry Bortnick or Daniel Firtel, Argent Retail Advisors, 888-301-1888 Ext. 2/3; Emails: tbortnick@argentretailadvisors.com and dfirtel@argentretailadvisors.com.
Phoenix – Greenway Village, located at the intersection of Greenway Road and 32nd Street, has spaces from 1,200 sq.ft. to 3,118 sq.ft. available. Cotenants include Taco Bell, Play it Again Sports and Other Mothers. Area demographics include a population of 287,220 within five miles earning $83,968 as the average household income. For more information, contact Lamont Kindseth, Arizona Partners, El Dorado Square, 6621 North Scottsdale Road, Scottsdale, AZ 85250; 480-344-1470, Fax
Phoenix – Marketplace at South Mountain, located at the intersection of Baseline Road and 24th Street, has spaces available, along with a 3.5-acre pad site. Cotenants include Walmart, PetSmart, Chipotle, Sleep America and Taco Bell. Area demographics include a population of 195,237 within five miles earning $58,141 as the average household income. Also – A 14,497 sq.ft. building is available at the intersection of 12th Street and Van Buren Street. Area demographics include a population of 333,928 within five miles earning $44,615 as the average household income. For more information regarding the Marketplace at South Mountain, contact Brad Balbo or Kalen Rickard, Strategic Retail Group, 15169 North Scottsdale Road, Suite 330, Scottsdale, AZ 85254; 602-7783831/3832, Fax 602-778-3839; Emails: bradb@srgaz.com and kalenr@srgaz.com; Web site: www.strategicretailgroup.com. For more information regarding the 12th Street property, contact Jason Fessinger, 602-7783833; Email: jasonf@srgaz.com.
Fountain Valley – Harbor Plaza, located at the intersection of Harbor Avenue and Edinger Avenue, has spaces available. Cotenants include Sizzler and Subway. Area demographics include a population of 312,457 within three miles earning $77,841 as the average household income. The average daily traffic count is 116,880 vehicles. Loma Linda – Loma Linda Town Center, located at the intersection of Redlands Boulevard and Anderson Street, has spaces from 1,156 sq.ft. to 2,555 sq.ft. available. Area demographics include a population of
Page 20 | September 20, 2013 Dealmakers Magazine | www.dealmakers.net
space place California
California
Illinois
228,169 within three miles earning $56,546 as the average household income. For more information, contact Manny Bukiet or Yanki Greenspan, Westland Real Estate Group, 310-639-5530/877439-7130; Emails: mb@westlandreg.com and yanki@westlandreg.com; Web site: www.westlandrealestategroup.com.
Inc., 1543 Lafayette Street, Suite C, Santa Clara, CA 95050; 408-879-4000 Ext. 214, Fax 408-879-4004; Email: dlupretta@primecommercialinc.com; Web site: www.primecommercialinc.com.
For more information, contact Mike Streit or Andy Robbins, ARCORE Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-9085702/5707; Emails: mstreit@arcoregrp.com and arobbins@arcoregrp.com; Web site: www.arcoregrp.com.
Northridge – Northridge Shopping Center, located at the intersection of White Oak Avenue and Roscoe Boulevard, has spaces from 900 sq.ft. to 5,500 sq.ft. available. Cotenants include Dollar Tree and 7-Eleven. For more information, contact BRC Advisors Commercial Real Estate, 11672 Ventura Boulevard, Suite 330, Encino, CA 91436; 818-399-4268, Fax 818-6980329; Email: izzy@izzyland.com; Web site: www.izzyland.com. Reseda – Spaces from 458 sq.ft. to 10,000 sq.ft. are available along Sherman Way. Area retailers include Wells Fargo, Shoe City, Citi Bank and Walgreens. Area demographics include a population of 232,976 within three miles earning $71,508 as the average household income. Woodland Hills – A center located at the intersection of Ventura Boulevard and De Soto Avenue, has spaces from 600 sq.ft. to 10,000 sq.ft. available, which can be combined. Cotenants include Payless Shoe Source, Trader Joe’s, Hertz, Staples, Target and Kaiser Permanente. Area demographics include a population of 379,359 within five miles earning $90,600 as the average household income. For more information regarding the Reseda property, contact John Raudsep or Greg Offsay, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 Ext. 120/104; Emails: john@illicre.com and greg@illicre.com; Web site: www.illicre.com. For more information regarding the Woodland Hills property, contact Greg Offsay, Jordan Lolli or Todd Nathanson, Ext.117/101; Emails: jordan@illicre.com and todd@illicre.com. Santa Clara – Kiely Plaza, a neighborhood center located at the intersection of Kiely Boulevard and Benton Street, has a space of 1,746 sq.ft. available. Cotenants include TBC Restaurant & Café, Rice Bakery and Curves. Area demographics include a population of 553,020 within five miles earning $102,545 as the average household income. The asking monthly rent is $2 psf/NNN. For more information, contact Denise Lupretta, Prime Commercial, Dealmakers Magazine | www.dealmakers.net
Stockton – Hammer Ranch Center, located along Pacific Avenue, has a 3,850 sq.ft. space available. Cotenants include S-Mart Foods, Dollar Tree, Carls Jr., Wells Fargo and H&R Block. The asking monthly rent is $1.25 psf NNN. For more information, contact Andy Hodgson, Lisa Hodgson or Ben Rishwain, Colliers International, 3439 Brookside Road, Suite 108, Stockton, CA 95219; 209-475-5129/5111/5130; Web site: www.colliers.com.
Florida Melbourne – Melbourne Village, located along West New Haven Avenue, has a 22,723 sq.ft. former Circuit City site available. Cotenants include Target, Wendy’s and Olive Garden. Area demographics include a population of 44,164 within three miles earning $56,529 as the average household income. The average daily traffic count is 44,000 vehicles. For more information, contact Real Property Specialists, Inc., 407-8128000, Fax 407-812-8885; Web site: www.realpropertyspecialists.com. Orlando – Deerfield Plaza Shopping Center, a 106,355 sq.ft. center located at the intersection of Deerfield Boulevard and Orange Blossom Trail, has spaces of 2,850 sq.ft., 3,054 sq.ft. and 3,231 sq.ft. available. Cotenants include LA Fitness, 7-Eleven, Wendy’s, Planet Smoothie and Edible Arrangements. Area demographics include a population of 70,904 within three miles earning $72,060 as the average household income. For more information, contact Rochelle DuBrule, Crossman & Co., 407-581-6248; Email: rdubrule@crossmanco.com; Web site: www.crossmanco.com.
Illinois Arlington Heights – A center located at the intersection of Rand Road and Dryden Avenue, has a space of 6,648 sq.ft. available. Cotenants include Goodwill, True Value and AutoZone. Area demographics include a population of 127,448 within three miles earning $97,251 as the average household income. The average daily traffic count is 27,200 vehicles.
Bolingbrook – A center located along West Boughton Road, has spaces of 1,200 sq.ft., 1,800 sq.ft. and 7,741 sq.ft. available. Cotenants include Tailgater’s, Domino’s, Curves, Hiphop Closet and South Seas. Area demographics include a population of 220,112 within five miles earning $101,724 as the average household income. The average daily traffic count is 45,900 vehicles. Orland Park – Waterfall Plaza, a strip center located along West 159th Street, has spaces of 1,200 sq.ft., 2,240 sq.ft. and 2,250 sq.ft. available. Cotenants include Lover’s Lane. Area demographics include a population of 187,718 within five miles earning $91,224 as the average household income. The average daily traffic count is 33,300 vehicles. For more information regarding the Bolingbrook property, contact Leo Solarte or Paul Tsakiris, First Western Properties, 1205 West Adams, Chicago, IL 60607; 773545-2000 Ext. 98/80, Fax 773-545-4067; Emails: leo@1stwesternproperties.com and paul@1stwesternproperties.com; Web site: www.1stwesternproperties.com. For more information regarding Waterfall Plaza, contact Leo Solarte or Kellen Duggan, 773-355-4789; Email: kellen@1stwesternproperties.com. Cary – A 1,600 sq.ft. inline space, along with a 15,000 sq.ft. outlot, are available at the intersection of Northwest Highway and Feinberg Drive. Cotenants include Ace Hardware, Jewel, McDonald’s, KFC, Pizza Hut and Taco Bell. Area demographics include a population of 112,226 within five miles earning $104,867 as the average household income. The average daily traffic count is 29,900 vehicles. The asking rent is $17.50 psf. For more information, contact Bruce Kaplan, Premier Commercial Realty, 9225 South Route 31, Lake in the Hills, IL 60156; 847-854-2300 Ext. 20, Fax 847-854-2380; Web site: www.premier-comm.com. Chicago – The Yards Plaza, located at the intersection of 47th Street and Damen Avenue, has spaces available. Cotenants include Food 4 Less, Forman Mills, Burlington Coat Factory, Dollar Tree, Pizza Hut and Burger King. Area demographics include a (continued on page twenty-two)
September 20, 2013 | Page 21
space place Illinois (continued from page twenty-one)
population of 344,902 within three miles earning $44,676 as the average household income. The average daily traffic count is 20,000 vehicles. For more information, contact Larry Kling or Robert Melsher, Metro Commercial Real Estate, 56 Skokie Valley Road, Highland Park, IL 60035; 847-8491525/847-412-9898, Fax 847-412-0101; Emails: lkling@metrocre.com and rmelsher@metrocre.com; Web site: www.metrocre.com.
Illinois
Illinois
Oak Park – North & Harlem Plaza, a 23,320 sq.ft. center located at the intersection of North Avenue/Highway 64 and Harlem Avenue/Highway 43, has a space of 4,060 sq.ft. available. Cotenants include Costco Wholesale, Sears, Staples, The UPS Store, Dunkin’ Donuts, U.S. Cellular, and Check N’ Go. Area demographics include a population of 308,498 within three miles earning $72,611 as the average household income. For more information, contact Marget Graham, Mid-America Asset Management, Inc., 1 Parkview Plaza, 9th Floor, Oakbrook
Terrace, IL 60181; 630-954-7307, Fax 630954-7306; Email: mgraham@midamericagrp.com; Web site: www.midamericagrp.com.
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Indiana Ft. Wayne – JoAnn Plaza, located at the intersection of Coldwater Road and Noble Drive, has a 15,000 sq.ft. endcap available. Cotenants include JoAnn Fabrics, Plato’s Closet, Tuesday Morning and Pet Supplies Plus. Area demographics include a population of 375,639 within ten miles earning $47,666 as the median household income. For more information, contact Brian Broadbent, The Broadbent Co., 117 East Washington Street, Suite 300, Indianapolis, IN 46204; 317-237-2900, Fax 317-237-2953; Email: bbroadbent@broadbentco.com. Greenwood – Vista Run, a 47,012 sq.ft. center located at the intersection of Emerson Avenue and Main Street, has spaces of 1,200 sq.ft., 1,800 sq.ft., 3,600 sq.ft. and 8,500 sq.ft. available. Cotenants include Mumbai Grill, Mark Pi’s, Subway, Drive Zone and Super Salon. Area demographics include a population of 128,658 within five miles earning $68,347 as the average household income. The average daily traffic count is 30,826 vehicles. Indianapolis – Southwest Shoppes, located along Kentucky Avenue, has a 4,800 sq.ft. endcap available. Cotenants include Family Dollar, Smoker’s Choice and Big Dog Saloon. Area demographics include a population of 156,241 within five miles earning $45,939 as the average household income. The average daily traffic count is 18,482 vehicles. For more information regarding Vista Run, contact Patrick Boyle or Brian Fineberg, Midland Atlantic and Fineberg Group, 317-580-9900/317-844-3993; Emails: pjboyle@midlandatlantic.us and brian@fineberggroup.com; Web sites: www.midlandatlantic.com and www.fineberggroup.com. For more information regarding Southwest Shoppes, contact Tracey Holtzman, Midland Atlantic, Email: tholtzman@midlandatlantic.us.
Maryland Baltimore – Rolling Road Plaza, has a space of 6,623 sq.ft. available. Cotenants include Cort Furniture Rental, Firestone, Weight Watchers and State Farm Insurance. Area demographics include a population of 265,641 within five miles earning $74,328 as the average household income. Columbia – Kings Contrivance, located at the intersection
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space place Maryland
Massachusetts
New York
of Guifford Road and Eden Brook Drive, has a space of 968 sq.ft. available. Cotenants include Harris Teeter, CVS, Bank of America, Subway, McDonald’s, The UPS Store and Rita’s Water Ice. Area demographics include a population of 62,163 within three miles earning $133,388 as the average household income. For more information, contact Scotty Sellman, Kimco Realty, 3333 New Hyde Park Road, New Hyde Park, NY 11042; 410427-4416; Email: ssellman@kimcorealty.com.
sq.ft. to 2,688 sq.ft. available. Cotenants include Anytime Fitness, Bank of America, Dunkin’ Donuts, Hannaford, Verizon Wireless and Papa Gino’s. Area demographics include a population of 39,993 within five miles earning $85,529 as the average household income. For more information, contact Joseph Harnan, KGI Properties, LLC, 10 Memorial Boulevard, Suite 901, Providence, RI 02903; 401-273-8600 Ext. 329; Email: j.harnan@kgiproperties.com; Web site: www.kgiproperties.com.
Williamsburg neighborhood. Area retailers include Duane Reade, Blue Bottle Coffee, Soul Cycle, CVS, American Apparel and SweetLeaf. For more information, contact Cory Zelnik or Sean Philips, Zelnik & Co., LLC, 424 Madison Avenue, New York, NY 10017; 212-223-2200, Fax 212-223-0004; Emails: cory@zelnikco.com and sean@zelnikco.com; Web site: www.zelnikco.com.
College Park – College Park Place, a mixeduse development located at the intersection of Baltimore Avenue and Berwyn House Road, has spaces from 1,000 sq.ft. to 13,500 sq.ft. available. Cotenants include Dunkin’ Donuts and CVS. Area demographics include a population of 405,733 within five miles earning $72,948 as the average household income. The average daily traffic count is 42,680 vehicles. For more information, contact JBG Rosenfeld Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 301657-0700, Fax 301-657-9850; Web site: www.jbgr.com.
Massachusetts Milford – Kmart Shopping Center, a 146,770 sq.ft. center located at the intersection of Medway Road and Beaver Street, has a proposed space of 6,000 sq.ft. available. Cotenants include Kmart, Dollar Tree, Bug A Boo Creek Steakhouse and Perfect Health Gym. Area demographics include a population of 92,139 within five miles earning $116,582 as the average household income. The average daily traffic count is 26,500 vehicles. For more information, contact Thomas Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com. Newton – A 1,500 sq.ft. space is available along Beacon Street. Area retailers include Whole Foods. The asking rent is $24 psf. For more information, contact Frederick Greene, CRG Commercial Real Estate Services, 1280 Centre Street, Newton, MA 02459; 617-592-4511; Email: fred@crgcommercial.com; Web site: www.crgcommercial.com. Uxbridge – Uxbridge Shopping Center, a 75,719 sq.ft. center located at the intersection of North Main Street and Fletcher Street, has spaces from 1,237 Dealmakers Magazine | www.dealmakers.net
New Jersey Marlboro – American Plaza, a 165,000 sq.ft. center located at the intersection of US Route 9 and Texas Road, has spaces of 2,975 sq.ft., 4,600 sq.ft. and 21,000 sq.ft. available, along with a pad site of 3,644 sq.ft. Cotenants include Costco Wholesale, IHOP and Wine Chateau. For more information, contact Edgewood Properties, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900, Fax 732-9855588. Middlesex County – A pad site is available at the intersection of Route 18 and Foxborough Drive. Cotenants include Quick Chek. Area demographics include a population of 137,650 within five miles earning $93,104 as the average household income. The average daily traffic count is 39,510 vehicles. For more information, contact Joseph Morena, Michael Holl or Lisa Dilenno, ARC Properties, Inc., 1401 Broad Street, Clifton, NJ 07013; 973-202-2660/865-9079/908403-1670, Fax 973-249-1001. Mount Olive – A land area of 16.963 acres is available at the intersection of Route 46 and Interstate 80. Area retailers include Walmart, Sam’s Club, T.J. Maxx, Bed Bath & Beyond, Lowe’s, Michaels, Old Navy and Pier 1 Imports. Area demographics include a population of 124,485 within seven miles earning $106,223 as the average household income. The average daily traffic count is 45,000 vehicles. For more information, contact Thomas Mirandi, RD Management, LLC, 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-459-9133; Email: tmirandi@rdmanagement.com.
New York Brooklyn – A ground level space of 7,500 sq.ft. is available along Wythe Avenue in the
Chelsea – A ground level space of 15,511 sq.ft. is available at the intersection of 8th Avenue and 26th Street. Area retailers include Duane Reade, McDonald’s, Gap, Rite Aid, 7-Eleven, buybuy BABY and Whole Foods. For more information, contact Jeff Winick or Alexander Hill, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2601/2655, Fax 212792-2660; Emails: jeff@winick.com and ahill@winick.com. Hewlett – A 2,600 sq.ft. space, which can be divided, is available along West Broadway. Area retailers include Trader Joe’s, Burger King, Duane Reade, Starbucks and Loehmann’s. Area demographics include a population of 155,140 within three miles earning $102,868 as the average household income. For more information, contact Amanda Gordon, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, NY 11530; 516-874-8070 Ext. 504; Email: amanda@sabreny.com; Web site: www.sabreny.com. Kingston – Dena Marie Plaza, a 161,531 sq.ft. center located at the intersection Route 9 West and Miron Lane, has a pad site of up to 20,000 sq.ft. available. The site also has the possibility for a drive-thru. Cotenants include Famous Footwear, Kohl’s, Planet Fitness, Five Below, Party City, Kirkland’s and Texas Roadhouse. Area demographics include a population of 98,511 within ten miles earning $78,217 as the average household income. Newburgh – Newburgh Towne Center, a 146,357 sq.ft. center located along Route 300, has a 3,023 sq.ft. space available. Cotenants include Stop & Shop, Marshall’s, Hallmark, Dollar Tree, Dress Barn, Game Stop, Great Clips and AT&T. Area demographics include a population of 33,904 within three miles earning $85,696 as the average household income. The average daily traffic count is 37,860 vehicles. For more information regarding Dena Marie Plaza, contact Scott Meshil or Craig Benson, Royal Properties, Inc., 850 Bronx (continued on page twenty-four)
September 20, 2013 | Page 23
space place New York (continued from page twenty-three)
River Road, Bronxville, NY 10708; 914237-3403 Ext. 106/105, Fax 914-2370196; Emails: scott@royalpropertiesinc.com and craig@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. For more information regarding Newburgh Towne Center, contact Scott Meshil or Jeff Kintzer, 914-237-3403 Ext. 103; Email: jeff@royalpropertiesinc.com. New York – Ground level spaces of 1,200 sq.ft. and 3,300 sq.ft. are available along Flatbush Avenue. Area retailers include Century 21, CVS, Macy’s, Target, Dunkin’ Donuts, McDonald’s, Chase Bank, Subway and Junior’s. Area demographics include a population of 130,480 within one mile earning $110,152 as the average household income. For more information, contact Evan Schuckman, Nick Masson or Kenneth Schuckman, Schuckman Realty, Inc., 7600 Jericho Turnpike, Woodbury, NY 11797; 516496-8888; Emails: evan@schuckmanrealty.com, nick@schuckmanrealty.com and ken@schuckmanrealty.com; Web site: www.schuckmanrealty.com.
Ohio
Ohio
Amelia – Pierce Town Center, a 195,863 sq.ft. center located at the intersection of West Ohio Pike and Amelia Olive Branch Road, has spaces from 1,600 sq.ft. to 30,000 sq.ft. available. Cotenants include Kroger, Palm Beach Tan and Little Caesar’s. Area demographics include a population of 29,159 within three miles earning $69,226 as the average household income. Cincinatti – Beechwood Square, a 26,400 sq.ft. center located at the intersection of Beechwood Road and State Route 32, has a space of 5,500 sq.ft. available. Area retailers include Best Buy, PetSmart, Dick’s Sporting Goods, Macy’s and Dillards. Area demographics include a population of 44,137 within three miles earning $83,490 as the average household income.. For more information, contact Matt Stark, Select Strategies Realty, 400 Techne Center Drive, Suite 320, Milford, OH 45150; 513332-9961; Email: mstark@selectstrat.com.
Carnival and LA Fitness. Area demographics include a population of 158,000 within five miles. The average daily traffic count is 44,000 vehicles. For more information, contact Harold Fry, Hauck Holdings, LTD, 4334 GlendaleMilford Road, Cincinnati, OH 45242; 800536-3300 Ext. 203, Fax 513-733-8621.
Cincinnati – Colerain Shopping Center, a 75,075 sq.ft. center located along Interstate 275, has spaces from 2,000 sq.ft. to 7,000 sq.ft. available. Cotenants include Aldi, Shoe
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Dayton – Mallwoods Centre, a 6,000 sq.ft. center located at the intersection of Miamisburg Centerville Road and Springboro Pike, has a space of 2,550 sq.ft. available. Cotenants include The Home Depot and Sprint. Area demographics include a population of 132,742 within five miles earning $72,770 as the average household income. Middleburg Heights – Middleburg Heights Plaza, located along Smith Road, has a space of 50,626 sq.ft. available. Area retailers include OfficeMax, Ace Hardware, BJ’s Wholesale Club, Sears, Marshalls and Burlington Coat Factory. Area demographics include a population of 219,135 within five miles earning $56,267 as the average household income. Trotwood – Salem Plaza, a 141,616 sq.ft. center located at the intersection of Salem Avenue and Denlinger Avenue, has a space of 27,794 sq.ft. available. Cotenants include Burlington Coat Factory and Dollar General. Area demographics include a population of 49,632 within three miles earning $52,898 as the average household income. For more information regarding Mallwoods Centre or Salem Plaza, contact Steven Friedman, Select Strategies Realty, 2720 Airport Drive, Columbus, OH 43219; 614460-7433; Email: sfriedman@selectstrat.com. For more information regarding Middleburg Heights Plaza, contact Frank Dascenzo, 6715 Tippecanoe Road, Building A, Suite 201, Canfield, OH 44406; 330-702-1741; Email: fdascenzo@selectstrat.com.
Pennsylvania
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Berwick – Berwick Plaza, a 109,187 sq.ft. center located at the intersection of West Front Street and South Poplar Street, has spaces of 1,500 sq.ft., 1,600 sq.ft., 10,960 sq.ft. and 13,988 sq.ft. available. Cotenants include CVS, Family Dollar and K-Mart. Area demographics include a population of 24,038 within five miles earning $41,894 as the average household income. The average daily traffic count is 17,000 vehicles. Mechanicsburg – Loudoun Centre, a 59,470 sq.ft. center located at the intersection of Gettysburg Pike and US Route 15, has spaces available, along with a 3,000
Page 24 | September 20, 2013 Dealmakers Magazine | www.dealmakers.net
space place Pennsylvania
Pennsylvania
Texas
sq.ft. bank pad site. Cotenants include Planet Fitness and Gehman & Co. Fine Furniture. Area demographics include a population 73,007 within five miles earning $82,190 as the average household income. Middletown – Westporte Centre, a 103,983 sq.ft. center located at the intersection of West Main Street and Nissley Street, has spaces available, along with two pad sites. Cotenants include Family Dollar and Wells Fargo. Area demographics include a population of 57,300 within five miles earning $75,362 as the average household income. The average daily traffic count is 19,000 vehicles. For more information regarding Berwick Plaza, contact Jim Pointer, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717569-9373 Ext. 495, Fax 717-560-9909; Email: jpointer@lms-pma.com; Web site: www.lms-pma.com. For more information regarding Loudoun Centre, contact Joseph Deerin, 717-569-9373 Ext. 905; Email: jrdeerin@lms-pma.com. For more information regarding Westporte Centre, contact Jim Pointer or Wilay Boensch, 717569-9373; Email: wboensch@lms-pma.com.
941-4038; Email: mdepetris@lpre.com; Web site: www.lpre.com.
daily traffic count is 23,682 vehicles. For more information, contact Chris Flesner, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin, TX 78731; 214-367-6404; Email: chris@retailsolutions.us; Web site: www.retailsolutions.us.
Warminster – A 5,000 sq.ft. freestanding building is available at the intersection of Street Road and Jacksonville Road, along with three pad sites. Area retailers include Walmart and Costco Wholesale. Area demographics include a population of 164,463 within five miles earning $81,255 as the median household income. For more information, contact Matt Mandel or Jeffrey Cohen, Fameco Real Estate, 625 West Ridge Pike, Building A, Suite 100, Conshohocken, PA 19428; 610-834-8000, Fax 610-834-1793; Emails: mattmandel@fameco.com and jcohen@fameco.com. Woodlyn – Woodlyn Shopping Center, a 112,000 sq.ft. neighborhood center located along MacDade Boulevard, has spaces of 1,728 sq.ft. and 8,250 sq.ft. available. Cotenants include Amelia’s Grocery Outlet, Family Dollar, Rent-A-Center, Panda House and Church’s Chicken. Area demographics include a population of 241,432 within five miles earning $73,095 as the average household income. The average daily traffic count is 25,000 vehicles. For more information, contact Michael DePetris, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034, Fax 610Dealmakers Magazine | www.dealmakers.net
Texas Allen – A 3,445 sq.ft. freestanding building is available at the intersection of Allen Heights Road and Main Street. Area retailers include CVS, Walgreens, Auto Zone, Big Lots, Dairy Queen, Domino’s and O’Reilly. Area demographics include a population of 153,802 within five miles earning $109,767 as the average household income. The average
Clute – Plantation Plaza, a 99,141 sq.ft. center located at the intersection of Dixie Drive and Plantation Drive, has spaces of 1,000 sq.ft. and 6,028 sq.ft. available. Cotenants include Kroger, Little Caesar’s, H&R Block, Tuesday (continued on page twenty-six)
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space place Texas (continued from page twenty-five)
Morning, Walgreens and Jack in the Box. Area demographics include a population of 51,403 within five miles earning $70,652 as the average household income. Dallas – Wynnewood Village, a 440,879 sq.ft. center located at the intersection of West Illinois Avenue and South Zang Boulevard, has spaces from 2,294 sq.ft. to 8,498 sq.ft. available. Cotenants include Ross Dress for Less, Citi Trends, El Rancho, Kroger, Dollar Tree and Melrose. Area demographics include a population of 299,462 within five miles earning $43,831 as the average household income. Kaufman – Washington Square, a 64,230 center located at the intersection of South Washington Street and East Fair Road, has spaces of 2,400 sq.ft. and 9,600 sq.ft. available. Cotenants include Bealls, Family Dollar, Auto Zone and Colortyme. Area demographics include a population of 12,407 within five miles earning $59,128 as the average household income. For more information regarding Plantation Plaza, contact Dianne Colella, Brixmor, 3901 Bellaire Boulevard, Houston, TX 77025; 713-660-4312; Email: dianne.colella@
Texas
Virginia
brixmor.com; Web site: www.brixmor.com. For more information regarding Wynewood Village or Washington Square, contact Scott Singleton, 214-618-6523; Email: scott.singleton@brixmor.com.
For more information, contact Jeff Doxey, Harrison Hall or Peter Vick, NAI Eagle Commercial Real Estate Services, 2250 Old Brick Road, Suite 240, Glen Allen, VA 23060; 804-217-6904/6903/ 6905; Emails: jeffdoxey@naieagle.com, harrisonhall@naieagle.com and petervick@naieagle.com; Web site: www.naieagle.com.
Windcrest – A 2,840 sq.ft. freestanding former Compass Bank is available along Wazlem Road. Area retailers include Walmart Supercenter, Freedom Fitness and Melrose. The average daily traffic count is 50,212 vehicles. For more information, contact Dick McCaleb, RFM Commercial, Inc., 210-8260036 Ext. 23; Email: dick@rfmcommercial.com.
Virginia Goochland – Broadview Shopping Center, a 57,700 sq.ft. center located at the intersection of Broad Street and Plaza Drive, has outparcels available. Cotenants include Goodwill, Dollar General, Food Lion, ABC Store and China Bistro. Area demographics include a population of 7,249 within three miles earning $93,006 as the average household income.
Virginia Beach – Fairfield Shopping Center, a 239,763 sq.ft. center located at the intersection of Providence Road and Kempsville Road, has spaces from 618 sq.ft. to 4,000 sq.ft. available. Cotenants include Food Lion, Rite Aid, T.J. Maxx, Five Guys Famous Burgers & Fries, Starbucks, PNC Bank, Domino’s, Rita’s Water Ice and Snap Fitness. Area demographics include a population of 302,672 within five miles earning $66,986 as the average household income. For more information, contact Angelica Beltran, Wheeler Real Estate Co., 2529 Virginia Beach Boulevard, Suite 200, Virginia Beach, VA 23452; 757-627-9088, Fax 757627-9081; Email: angelica@wheelerrec.com; Web site: www.wheelerint.com. DM
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