Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XXXVIII
October 4, 2013
FEATURING supermarket Chains Expand Nationwide Fiesta Mart, Inc. trades as Fiesta Mart at 57 locations throughout Austin, Dallas/Ft. Worth and Houston, TX. The supermarkets occupy spaces of 35,000 sq.ft. to 60,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought throughout TX during the coming 18 months, with representation by United Equities. Typical leases run 10 years. For more information, contact Buster Freedman, United Equities, 4545 Bissonnett Street, Suite 100, Bellaire, TX 77401; 713-772-6262, Fax 713-981-4035; Email: bfreedman@unitedquities.com; Web site: www.unitedequities.com. Winco Foods, LLC trades as Winco Foods at 88 locations throughout AZ, CA, ID, NV, OR, Dallas/ Ft. Worth, TX, UT and WA. The supermarkets, featuring deli, seafood, bakery, meat and produce departments, as well as offering bulk food items, occupy spaces of 85,000 sq.ft. to 100,000 sq.ft. in freestanding locations, power and value centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 100,000 within five miles. A land area of nine acres is required for freestanding locations. The company prefers to acquire sites. For more information, contact Greg Goins, Winco Foods, LLC, 650 North Armstrong Place, Boise, ID 83704; 208-672-2072; Email: greg.goins@wincofoods.com; Web site: www.wincofoods.com.
Meijer, Inc. trades as Meijer at 204 locations throughout IL, IN, KY, MI and OH. The stores, featuring a full service grocery department, as well as apparel, health and beauty, electronics, home décor and pharmacy departments, occupy spaces of 156,000 sq.ft. to 192,000 sq.ft. in freestanding locations and power centers. Growth opportunities are sought throughout the existing markets, in addition to WI, during the coming 18 months. A land area of 15 to 25 acres is required. The company plans to operate 213 locations by the end of 2014. For more information, contact Mike Kinstle, Meijer, Inc., 2929 Walker Avenue Northwest, Grand Rapids, MI 49544; 616-453-6711, Fax 616-735-8887; Web site: www.meijer.com. Norrenberns Foods, Inc. trades as Tom’s Supermarkets and Tom’s Priced Right Foods at five locations throughout IL. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A vanilla shell is required. Preferred demographics include a population of 10,000 within two miles earning $35,000 as the average household income. For more information, contact Don Norrenberns, Norrenberns Foods, Inc., 205 East Harnett Street, Mascoutah, IL 62258; 618-566-7010, Fax 618-566-4081; Web site: www.tomsmarkets.com. (continued on page fourteen)
This issue contains information on: • Retailers operating 36,984 locations with plans to open 1,927 sites • Real estate valued in excess of $187 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 chicago dealmaking New Construction Newmark Knight Frank Halakar preleases center in Indianapolis.... Pg. 3 Observations & Conversations
Pg. 4
State of the Industry | ICSC Chicago Dealmaking Focus........ Pg. 6 Buyers and Sellers Brauvin Real Estate makes big acquisition and wants more........ Pg. 8 Who’s Opening & Where Field & Stream anticipates operating 55 stores by 2017....... Pg. 10 Food Chains Expand Noodles & Co. to expand in WI
Pg. 11
Lease Signings The Lord Companies inks deal with Evolve Fitness in Chicago... Pg. 12 Making the News Cullinan Properties taps new vice president and director of leasing Pg. 14 Sources of Financing Capstone Financial Solutions closes two loans in TX................ Pg. 14 Exclusives Reisenfeld & Co. reps Snap Fitness in the greater Cincinnati market........................................ Pg. 16 Lead Sheet Stein Mart expands nationwide.... Pg. 18 Planet Fitness continues national growth........................................ Pg. 19 Wash Pro USA to expand in Chicagoland............................... Pg. 19 Space Place................................ Pg. 24
3665 Fishinger Blvd. | Hilliard, OH 43026 Phone: (614) 472.2901 | (866) 704.3000
see VAlue | re VAlue | VAlue Added
Village Plaza | Augusta, GA
Meet me in Chicago!
Aggresively seeking value added centers nationally. Contact Gord Wiebe at (403) 923.4343 or gweibe@uspginc.com
www.uspginc.com
new construction Real Property Specialists, Inc. is preleasing a proposed 14,000 sq.ft. two-story mixeduse building at Westchase Town Center, located along West Linebaugh Avenue in Tampa, FL. Cotenants includes World of Beer, Tijuana Flats, Burger 21 and Anytime Fitness. The average daily traffic count is 35,346 vehicles. For more information, contact Mary Lobdell, Real Property Specialists, Inc., 2345 West Sand Lake Road, Suite 100, Orlando, FL 32809; 919-608-2811; Email: mary@realpropertyspecialists.com; Web site: www.realpropertyspecialists.com.
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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Silbert Realty & Management Co., Inc. is preleasing the second phase of Englewood South, a 21-acre mixed-use redevelopment project located at the intersection of Route 4 East and West Sheffield Avenue in Englewood, NJ. The center will feature an 80,000 sq.ft. retail component, a 155-room hotel and a three-acre park. Area demographics include a population of 185,956 within a three-mile radius earning $108,294 as the average household income. The average daily traffic count is 122,000 vehicles. The company is also preleasing The Shoppes at DePiero Farms, located along Grand Avenue West/ County Route 2 in Montvale, NJ. Phase one will include a proposed lifestyle center and a proposed 140,000 sq.ft. Wegmans. The second phase of construction involves 4.56-acres of development, with freestanding buildings from 4,000 sq.ft. to 7,000 sq.ft. available. Area demographics include a population of 420,349 within a seven-mile radius earning $140,372 as the average household income. The average daily traffic count is 20,000 vehicles along Grand Avenue West/County Route 2. For more information, contact Brian S. Silbert or Thomas Trobiano, Silbert Realty & Management Co., Inc., 85A Division Avenue, PO Box 406, Millington, NJ 07946; 908-604-6900, Fax 908-604-2030; Emails: info@silbertrealestate.com and ttrobiano@silbertrealestate.com; Web site: www.silbertrealestate.com. Northeast Retail Leasing is preleasing an 8,000 sq.ft. retail development located at the intersection of South Main Street and Farmington Avenue in West Hartford, CT. Area retail includes Whole Foods, REI, Crate and Barrel, Jos. A. Bank, Barnes & Noble and Ann Taylor. Area demographics include a population of 581,167 within 10 miles earning $84,919 as the average household income. The center is slated to open during summer 2014. For more information, contact Michael Sarasin, Northeast Retail Leasing, 360 Bloomfield Avenue, Suite 208, Windsor, CT 06095; 860-683-9000. Forest City is redeveloping Ballston Common Mall, a 580,000 sq.ft. mall in Arlington, VA. Plans include updating the existing site into a transit-oriented, urban/mixed-use center featuring upscale retail, restaurant and entertainment components. The company is also developing The Yards, a waterfront mixeduse project located in Washington, DC. For more information, contact Gary McManus, Forest City; 204-496-6600; Email: garymcmanus@forestcity.net; Web site: www.forestcity.net.
Newmark Knight Frank Halakar is preleasing CityWay, a mixed-use development located along South Delware Street in Indianapolis, IN. Phase one of construction features 44,000 sq.ft. of retail, restaurant and entertainment space, as well a 250-unit luxury apartment component. Phase two of construction includes a 48,000 sq.ft. contiguous retail component, a 75,000 sq.ft. YMCA and a 500-unit luxury apartment component. Cotenants include Plat 99, Market Table, Orange Leaf and Qdoba. For more information, contact Gary Perel, Newmark Knight Frank Halakar; 317-5360093; Email: gperel@nkfhalakar.com. US Realty Associates, Inc. is preleasing The Grove at Mullica Hill, a 30-acre mixed-use development located at the intersection of Route 322 and Tomlin Station Road in Mullica Hill, NJ. A 60,000 sq.ft. grocery store is proposed to anchor the retail component. Area demographics include a population of 49,693 within a five-mile radius earning $94,333 as the average household income. For more information, contact Gregory Bianchi, US Realty Associates, Inc., 120-124 East Lancaster Avenue, Suite 101, Ardmore, PA 19003; 215-557-9900 Ext. 1141, Fax 267-233-0394; Email: gbianchi@eusrealty.com; Web site: www.eusrealty.com. Retail Sites is preleasing a proposed shopping center development located at the intersection of Edgmont Avenue and Coebourn Boulevard in Brookhaven, PA. Area retailers include Kmart, Pathmark, Wawa, Citizen’s Bank and Burger King. Area demographics include a population of 209,960 within a five-mile radius earning $77,749 as the average household income. The average daily traffic count is 28,000 vehicles along Edgmont Avenue. For more information, contact Morgan Hill or Robert M. Hill, Retail Sites, 1000 South Lenola Road, Building Two, Suite 100, Maple Shade, NJ 08052; 856-778-4900; Emails: mhill@retailsites.net and rmhill@retailsites.net; Web site: www.retailsites.net. Paramount Partners, Inc. is preleasing phase two of The Point, a 500,000 sq.ft. mixed-use retail development located at the intersection of Route 119 and Route 495 in Littleton, MA. The center is slated to open during spring 2014. Area demographics include a population of 105,243 within 10 miles earning $89,669 as the average household income. The average daily traffic count is 129,349 vehicles along Route 495. For more information, contact Deborah Meyers, Paramount Partners, Inc., 99 Derby Street, Hingham, MA 02043; 781878-1550, Fax 818-301-5195; Email: dmeyers@paramountpartners.com; Web site: www.paramountpartners.com. DM October 4, 2013 | Page 3
observations and conversations With an uptick in leasing activity, willing lenders and a demand for acquisition opportunities outstripping the supply, the Chicago market just keeps getting hotter. Ann O’Neal Welcome to The Dealmakers special edition for the ICSC Chicago Dealmaking. Despite gun violence putting Chicago in national headlines, the city and its surrounding markets are seeing a substantial increase in leasing activity. A leasing agent working the Chicago market told me he’s making lots of deals and he jokingly added, when he goes to show space in the tougher neighborhoods that he “suits up with a kevlar vest and carriers bear spray.” On a more serious note, this issue has great leads on chains looking for sites in the Midwest and we have an Industry Round Up on the region with thoughts from experts in leasing, development and acquisitions. There has been a huge upsurge in new development and redevelopment projects in the greater Chicago market and its surrounding suburbs. A few noteworthy projects include The Krausz Companies plan to undertake a $70 million redevelopment of Charlestown Mall in St. Charles. Also, Centrum Partners LLC plans to raze a 55,000 square foot office building in Vernon Hills and develop retail space on the site. Target as part of its expansion for the Chicago market is opening a store in Lake View and nearby, a partnership between Newcastle Limited and Cushman and Wakefield, plans to develop a 25,000 square foot shopping center. Urban R2 Development Company has also proposed to redevelop a site in Wheeling with 100,000 square feet of shop space, along with a movie theater and a 300-unit apartment building. Most of the new construction activity is being driven by grocery store chains eager to gain control of the market. Inland Real Estate, in a joint venture partnership, is developing a 92,512 square foot shopping center in Evergreen Park that is expected to open during fall 2014. The center will be anchored by Mariano’s, a division of Roundy’s, Inc., with a 75,000 square foot supermarket. In Lincolnwood, North Capital Group, in a partnership with Urban Retail Properties LLC, plans to develop a shopping and entertainment destination with an opening date of November 2015. The proposed tenant mix includes a 31,000 square foot supermarket and a 47,000 square foot health club, as well as office, multi-family and hotel components. DL3 Realty LP plans to develop a shopping center in Englewood with a 2016 opening date. The site will be anchored by Whole Foods along with 20,000 square feet of small shops. Heinen’s Fine Foods plans to open a 43,915 square foot supermarket next year in Glenview, marking the 17-unit chain’s second location in the greater Chicago area followed by an opening in Barrington. Butera Market, a nine-unit chain is expected to open two grocery stores in Elgin. Fresh Farms International Market plans to open a second grocery store in Niles at a former Jewel-Osco location during spring 2014. Plum Market, a four-unit chain of specialty supermarkets with only one store in the market and three units in Michigan, is also expanding in Chicago. Supermarkets aren’t the only anchors expanding in the greater Chicago area. Art Van Furniture, with stores in Michigan, Ohio and Indiana, is opening its third Chicago area store at a site Batavia and three more stores are expected to open in the market this year including a 68,000 square foot location in Woodbridge and a store in Ford City. The Bon-Ton Stores Inc., parent company of Boston Store, is opening its second Boston Store Clearance Center in Chicago followed by its launch with a 29,000 square foot clearance store that opened during March in Milwaukee. Ross Dress for Lease signed a lease for a 27,000 square foot store in Chicago. Walmart remains focused on expansion in Chicago as well. Food concepts are also looking to grow in the Chicago market. With locations operating in Ohio and Tennessee, Jeni’s Splendid Ice Creams Page 4 | October 4, 2013
is opening a shop in Lake View as its entry into the Chicago market. Sonic Drive-In plans to open its first unit in Chicago next year. Wingstop operates 29 franchised locations throughout Illinois, of which 27 are in the greater Chicago area and the chain plans to saturate the market with five additional openings slated for Chicago by early 2014. REITs and lenders are sweet on the Chicago market too. RamcoGershenson Properties Trust recently acquired Deer Grove Centre, a 235,000 square foot shopping center in Palatine for $20 million in cash. The center is anchored by a newly opened 50,000 square foot Home Goods and cotenants include Petco, Dress Barn and Staples, with Target as a shadow-anchor. The REIT also acquired Mount Prospect Plaza in Mount Prospect. Winthrop Realty Trust in a joint venture recently acquired the entire $128 million mortgage on a 942,000 square foot retail and office building with Target and DSW serving as anchors. With an uptick in leasing activity, willing lenders and a demand for acquisition opportunities outstripping the supply, the Chicago market just keeps getting hotter. To wrap it up, here’s my update on recent ICSC shows; the Dealmaking events for the Pennsylvania/ New Jersey region and for the western states were both stellar as far as attendance and the mood was positive. It was obvious at that people on both coasts are doing deals and feeling good about their future earning capacity. Our next show after Chicago is the Southeast Conference in Atlanta and so far, I’m getting good vibes that this too will be a productive convention. We’re gearing up for the Dealmaking in New York during December. Since this show is national, it’s one of the best platforms on the east coast to market your sites and acquisition needs. This year will be the last time we will have to run between the Hilton and the Sheraton for meetings and lunch. Next year the event will be housed at the Javits Center. Although it won’t be as convenient as the Hilton, it’s the only venue that will allow the show to grow and to accommodate the waiting list of companies wanting to exhibit and exhibitors that are busting at the seams will be able to expand their booths. Some of the old timers like me remember the New York show being in Rye, an even longer schlep than the Javits Center. And if you are really old, you’ll also remember the nightmare of when the New York show was moved to the Meadowlands in New Jersey. It was a horrible experience for most of the attendees because you couldn’t park your car within a mile of the convention center and when the shuttle bus drivers went MIA, hundreds of attendees were hoofing it across highways to get to the convention. The ICSC will have shuttles, like it does at RECon, for the New York show in 2014 to help with the logistics of getting from midtown to the convention center. Also for the day trippers, the ICSC is providing instructions on where to park in close proximity to the show. Personally, I’m more than willing to have a little longer cab ride and fewer amenities for the opportunity to meet and hopefully do business with even more companies. With the move to Javits, the amount of exhibit space will be double the size of what we’ve had in the Hilton and Sheraton combined. More bodies on the show floors directly correlate into more opportunities to make deals and that is always a good thing! Make sure you stop by our booth in Chicago, Ann O’Neal, Publisher Dealmakers Magazine | www.dealmakers.net
KIN PROPERTIES AVAILABLE LOCATIONS Peru, IL
1608 36th Street (Wenzel Rd) 104,992 sqft Divisible to: Spaces 9,860 sqft to Available 40,000 sqft 8,000 sqft Pad Lease Rate Call for Rate $2,900,000 Sale Price
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Owners of 800+ Properties 30,000,000
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53 West North Ave Spaces 20,000 sqft to Available 32,357 sqft Building Size 106,698 sqft Lease Rate $11.50 NNN N/A Sale Price
2,000 - 2,000,000 sqft
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14325 S. LaGrange Rd Space Available 8,400 sqft Land Size 1.23 acres Building Size 8,400 sqft Lease Rate $15.00 NNN N/A Sale Price
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1.888.KIN.PROP
Len Weiselberg ext 112
ADDITIONAL AVAILABLE PROPERTIES
lweiselberg@kinproperties.com Matthew Makler ext 118
mmakler@kinproperties.com
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IL IL Gary Shapiro ext 114 IL gshapiro@kinproperties.com MI Steven Sandelman ext 104 OH ssandelman@kinproperties.com WI Jeff M. Ross ext 123 WI jross@kinproperties.com WI Robert Crum ext 117
rcrum@kinproperties.com
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Alton Calumet City Palos Heights Portage Seven Hills Cudahy Monroe Waukesha
2861 E. Homer M Adams 1500 Torrance Ave 12777 S. Harlem Ave 5230 S. Westnedge Ave 7701 Broadview Rd 5871 S. Packard Ave 127 W. 8th St 431 W. Sunset Dr
Available Space 3,096 sqft 5 Acres 5,400 sqft 64,126 sqft 20,992 sqft 3,000 sqft 3,030 sqft 1,085 sqft
Asking Sale Rent Price $11.00 NNN N/A N/A $1,995,000 $9.95 NNN $595,000 $12.00 NNN N/A $8.00 NNN N/A $10.00 NNN N/A $10.00 NNN N/A $12.50 NNN $595,000
Meet us at the Chicago ICSC convention: Booth #1520 185 NW Spanish River Blvd • Suite 100• Boca Raton • FL 33431
State of the industry ICSC Chicago Deal Making Edition Stephanie Weaver Chicago ranks as the third most densely-populated city in America and coupled with its 45 million tourists annually; the potential retail sales volumes of the market makes it an appealing target for shopping center developers, investors and tenants. Retailers find Chicagoland highly desirable and it is obvious that the market is front and center on the radar screen of national retail chains as its vacancy factor continues to decline and in turn, landlords are demanding and achieving higher rents for class A retail space than they have in the past four years. According to Keith Lord, president of The Lord Companies an affiliate with the Retail Brokers Network, and a founding partner of Lord Financial Advisors, LLC explained, “The fastest growing chains in the Chicago market are Mariano’s and Meijer in the grocery store sector. Target and WalMart are the dominant players in the large box arena. Fitness concepts are utilizing mid-size box spaces with LA Fitness and Planet Fitness being amongst the more expansion-minded chains. Mid-size discount stores, such as Ross Dress For Less and Nordstrom Rack, are also opening stores in the market. The most prevalent uses for small shop space expanding in the area include personal service and medical retail/office tenants such as Aspen Dental, Physicians Healthcare and Elements day spa.” Frank Swiss, president of Swissco Real Estate and the Indiana affiliate of the Retail Brokers Network, added “Zaxby’s, Popeye’s, AIO Wireless and Bloomin Brands are expanding in the Midwest.” Swissco Real Estate also represents The Fresh Market, AIO Wireless, Golden Corral and Chili’s in its market. Repeatedly, the responses from landlords, brokers and leasing agents were that niche supermarkets are the most aggressive players in the market. Our research showed that grocery store chains ranging from a basic and budget model to the specialty upscale format, for example ALDI and Whole Foods, are expanding in the Chicagoland market. Fast food concepts such as Jersey Mike’s, Firehouse Subs, Blaze Fast-Fire’ Pizza, Protein Bar and Sonic-Drive-In are also growing in the greater Chicago area. Furniture stores are flocking to greater Chicago, with the recent entrance of Art Van Furniture and the opening of The Dump, a 134,000 square foot store in Lombard, Illinois.
are the lowest in the last four years. Lower than 5% for “A” locations and high density residential areas. However, the suburbs are a different story and vacancy factors differ significantly by area and suburb.” With retail space in demand, developers are seizing the opportunity to move stalled projects off the ground and to create new retail space with both new construction and redevelopment. A project in the Near West Side, Illinois will bring more retail space to the market as Higgins Development Partners will break ground next year on a healthcare and biosciences complex with 100,000 square feet of retail space, along with hotel and multi-family components. McCaffery Interests plans to add more retail space to the market to with its development in Lake Side, Illinois. The initial phase entails 800,000 square feet of retail, restaurant and entertainment venues and residential components. The site has approvals for 20 million square feet of commercial real estate, schools, a marina and more than 13,000 residential units. In the suburbs, numerous grocery-anchored strip centers are in the development pipeline, as are convenience-oriented strip centers. Pullman Park in Chicago also brought the newly opened Walmart, Ross Dress for Less and Planet Fitness to the redevelopment project. Outlet store shopping is now part of the Chicago landscape with the recent opening of Fashion Outlets of Chicago in Rosemont, Illinois anchored by Last Call by Neiman Marcus, Barney’s New York Outlet and Bloomingdales Outlet Store.
Fashion Outlets of Chicago in Rosemont, Illinois
Lake Side Project by McCaffery Interests in Lake Side, Illinois
Vacancy rates in the greater Chicago market have been reported as hovering around 8%, while the urban Chicago market is closer to a 5% vacancy factor. As the supply of prime space becomes more constricted, rents for A and B urban locations are quickly increasing, while well established and healthy centers in the suburbs are seeing modest rent increases. Keith Lord noted, “Urban Chicago is on fire and vacancy rates Page 6 | October 4, 2013
Acquisitions of urban retail sites and suburban shopping centers in the Chicago market are being fueled by REITs and pent up private-equity. Active buyers include L3 Capital LLC and Ramco-Gershenson Properties Trust. Also Phillips Edison – ARC Shopping Center REIT Inc. is inching closer to Chicago with its recent acquisition of Dyer Crossing, a 95,083 square foot Jewel-Osco anchored shopping center located only about 30 miles from the Windy City in Dyer, Indiana. Keith Lord further explained “In Chicago, urban retail is hot and CAP rates have been reduced to 3.8 to 6.0 as equity has been flooding the market and pushing down CAP rates and in turn the asking prices continue to increase. The buying trend is to gravitate to shopping centers with credit tenants and uses that can survive the demographic and techno shifts of the 21 to 35 year-old shopper.“ Areas of Chicagoland are booming. Retail chains are entering the market and the retailers that already have a market share are looking to open more stores too. With a vacancy factor of 5% in the prime urban locations and an average of 8% in the suburbs, the greater Chicago market is expected to quickly absorb the new shopping centers and urban retail spaces coming on to the market during the next few years. Dealmakers Magazine | www.dealmakers.net
Great Leasing Opportunities. Mid West Properties INDIANA First Diamond Plaza
OHIO Canton Centre
Griffith Park Plaza
Northland Plaza
Evansville, IN Griffith, IN
Felbram Plaza North Felbram Plaza South Indianapolis, IN
Canton, OH
Columbus, OH
K-Mart Plaza Springfield, OH
MICHIGAN Cedar Village Holland, MI
Greenfield Commons Southfield, MI Detroit Market
ALABAMA Flintridge Centre Fairfield, AL
Birmingham Market
NORTH CAROLINA
Sycamore Square Fayetteville, NC
PENNSYLVANIA Cedarbrook Plaza
NEW JERSEY Botany Plaza
Wyncote, PA
Clifton, NJ
Philadelphia Market
Retail Power Center Ewing, NJ
Development Land Pleasantville, NJ
TENNESSEE Knoxville Commons Knoxville, TN
WEST VIRGINIA K-Mart Plaza
NEW YORK East Meadow Commons
Weirton, WV
East Meadow, NY
SoHo
New York, NY
With over 5 Million Square feet of retail holdings across the country, we have prime available space in the Mid West including: • PAD, Junior Anchor & In-line spaces at our centers in Griffith • • • •
(Chicago land) & Indianapolis, IN
Anchor, Junior Anchor & In-line Spaces at our Power Center in Canton, OH Big Box & In-line back-fill opportunities at our center in Columbus, OH Junior Anchor & In-line space at our center in Holland, MI 17,000 SF PAD building on Greenfield Road in Southfield (Detroit Market), MI
NY
MI
• • • • OH • IN • • WV• • TN AL
•
PA
• •••NJ•
NC
•
•
Contact us: leasing@nassimirealty.com acquisitions@nassimirealty.com Nassimi Realty, LLC 370 Seventh Avenue Suite 1600 New York, NY 10001
T: 212.643.8080 www.nassimirealty.com T: 800.521.5208 F: 212.643.2626 E: leasing@nassimirealty.com
The Dealmakers
buyers and sellers Calkain Cos. is selling an 11,073 sq.ft. retail property situated on 2.713 acres along Premium Outlets Boulevard in Merrimack, NH. Tenants include Starbucks, Qdoba, Frozurt and Digital Federal Credit Union. Area retail includes Shaw’s, SuperCuts, Burger King and McDonald’s. The NOI is $383,318. The asking price is $5.475 million with a Cap rate of 7%. For more information, contact Stan Wyrwicz, Calkain Cos., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 617394-8567; Email: swyrwicz@calkain.com; Web site: www.calkain.com. Brauvin Real Estate acquired a five-unit portfolio of Cheddar’s restaurants throughout MO and TX for $16.018 million. The company is also seeking to acquire freestanding single-tenant retailers. Suitable properties include short, long-term and NN leases, priced up to $50 million in areas with a population of 50,000 within five miles. For more information, contact Eric Saltzman, Brauvin Real Estate, 205 North Michigan Avenue, Suite 1900, Chicago, IL 60601; 312-759-7668, Fax 312-758-7800; Email: esaltzman@brauvin.com; Web site: www.brauvin.com. Pyramid Brokerage Co. negotiated the sale of the 17.6-acre former Oberdorfer foundry located along Thompson Road in Syracuse, NY. Northern Industrial Holdings, LLC acquired the property and plans to demolish the 230,000 sq.ft. facility and develop the site with retail, industrial or multi-family space. For more information, contact Christopher Westfall, Pyramid Brokerage Co.; 315-445-1030.
Marcus & Millichap is selling a 2,800 sq.ft. McDonald’s situated on 0.87 acres along East Brazell Street in Reidsville, GA. The tenant is bound to a NNN lease featuring 15 years remaining on the initial term and seven, five-year options and rent escalations of 10% every five years. Area retailers include Dollar General. Area demographics include a population of 8,560 within a fivemile radius earning $48,914 as the average household income. The NOI is $76,000. The asking price is $1.599 million with a Cap rate of 4.75%. For more information, contact Marcus & Millichap, 270 Madison Avenue, Seventh Floor, New York, NY 10016; 212430-5100, Fax 212-430-5110; Web site: www.marcusmillichap.com. California Realty Group negotiated the sale of a portfolio containing 17 Discount Tire Centers located throughout southern CA, from Bakersfield to Orange County. Pepboys acquired the properties from AKH Co., Inc. For more information, contact Mark L. Esses, California Realty Group, 3017 Santa Monica Boulevard, Suite 300, Santa Monica, CA 90404; 310-449-1989, Fax 310-4491987; Email: mark@californiarealtygroup.com; Web site: www.californiarealtygroup.com. ORION Investment Real Estate is selling a 106,143 sq.ft. shopping center located in northern AZ. Safeway anchors the center. For more information, contact Nick Miner, ORION Investment Real Estate, The Scottsdale Waterfront, 7135 East Camelback Road, Suite 202, Scottsdale, AZ 85251; 480-634-6934, Fax 480-772-4242; Web site: www.orionires.com.
Retail Solutions is selling a 7,260 sq.ft. Goodyear situated on 1.05 acres along Interstate Highway 35 South in Kyle, TX. Area demographics include a population of 47,127 within a five-mile radius earning $69,426 as the average household income. The average daily traffic count is 100,000 vehicles. The asking price is $1.55 million with a Cap rate of 9.6%. For more information, contact Ryan Hoff or Alan Rust, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin, TX, 78731; 512-474-5557; Emails: ryan@retailsolutions.us and alan@retailsolutions.us; Web site: www.retailsolutions.us. Reza Investment Group, Inc. is selling Northridge Grove, a 150,300 sq.ft. neighborhood shopping center situated on 9.37 acres along Tampa Avenue in Northridge, CA. Big Lots anchors the property and tenants include Dollar Tree, Pier 1 Imports, Bank of America, David’s Bridal, Sylvan Learning Center and AT&T Mobility. Area demographics include a population of 503,697 within a five-mile radius. The property is 92% occupied. The NOI is $2.99 million. For more information, contact Reza Investment Group, Inc.; Web site: www.rezacompanies.com. Glawson Real Estate Holdings, LLC is selling a 3,127 sq.ft. former KFC restaurant building situated on 1.1 acres along Stonecrest Pass in Lithonia, GA. The property is an outparcel to Stonecrest Mall, anchored by Macy’s, Sears, JCPenney and Dillards. Area retailers include Best Buy, Toys “R” Us, Sam’s Club, hh Gregg Rooms-to-Go and a future Walmart Supercenter. The asking price is $798,000. For more information, contact Glawson Real Estate Holdings, LLC, 3200 Riverside Drive, Suite A-350, Macon, GA 31210; 478746-7945. RCG Ventures recently acquired Village at Northshore, a 144,638 sq.ft. shopping center located at the intersection of Highway 190/ Gause Boulevard and North Shore Boulevard in Slidell, LA. At the time of purchase, Bed Bath & Beyond, JoAnn Fabrics, Baskin Robbins and Dollar Tree anchored the center. Area retailers include Home Depot, Toys “R” Us, JCPenney, Sears, Walmart and Sam’s Club. Jones Lang LaSalle represented the seller in the transaction. For more information, contact RCG Ventures, 3060 Peachtree Road Northwest, Atlanta, GA 30305; 404-816-5454; Web site: www.rcgventures.com.
Retail Solutions is selling a Goodyear in Kyle, TX. Page 8 | October 4, 2013
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space available lynn plaza Wheeling, IL 60090
available
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Market place Crown Point, IN 46307
6700 lincoln ave Lincolnwood, IL 60712
• Great location • Easy access
• 100’ frontage on Lincoln Avenue • Adjacent 24,000 sq.ft. site may be available • Average income of over $75K within 7 miles • Population over 1.4 million within 7 miles
• Abundant Parking • 40 miles south of Chicago
available 1,753 sq.ft. to 6,859 sq.ft. (can combine to 15,000 sq.ft.) Join
available 11,714 sq.ft. (may divide) area retailers
For more information, contact Michael A. Kolodny, CPM • mikek@hallmarkjohnson.com • 773.545.6160
who’s opening and where Del Frisco’s Restaurant Group, Inc. (646277-1226) is planning to open a Del Frisco’s Grill restaurant at a 24-acre development project located along Rockville Pike in Bethesda, MD during fall 2014. The company will join a future Protein Bar, Roti Mediterranean Grill, ShopHouse Southeast Asian Kitchen and Stella Barra Pizzeria at the site. The chain of restaurants, offering steaks, sandwiches, salads, pasta and dessert items, currently operates locations in Denver, CO; Chicago, IL; Boston, MA; Charlotte, NC; Las Vegas, NV; New York, NY; Philadelphia, PA; Dallas/Ft. Worth and Houston, TX and along Pennsylvania Avenue Northwest in Washington, DC. Macy’s, Inc. (513-579-7000) is planning to open a Bloomingdale’s at a redevelopment project at Ala Moana Center in Honolulu, HI during late 2015. The company operates under the Macy’s and Bloomingdale’s brand names at 840 locations throughout 45 states nationwide, the District of Columbia, Guam and Puerto Rico, we well as 12 Bloomingdale’s Outlet stores. McAlister’s Deli (601-956-3887), under franchises McIndy Ventures, LLC and DMAC81, LLC, is planning to open 17 restaurants throughout GA, IN and SC during 2014. The company, offering sandwiches, soups, salads and dessert items, currently operates more than 320 fast-casual restaurants throughout 23states. Protein Bar (312-346-7300) is planning to enter the Denver, CO market during 2014. The 12-unit chain of fast-casual restaurants offers healthful menu items, including salads, raw juices and smoothies.
Meijer, Inc. (616-453-6711) is planning to open a Meijer supermarket situated on 27 acres along Vreeland Road, between Arsenal Road and Telegraph Road in Flat Rock, AR during spring 2015. The company, headquartered in Grand Rapids, MI and offering grocery items, family apparel, sporting goods and electronics, along with home and patio furnishings, currently operates more than 200 stores throughout IL, IN, KY, MI and OH. Wal-Mart Stores, Inc. (479-273-4000) is planning to open a 186,000 sq.ft. Walmart store, situated on 33 acres, at the intersection of U.S. 41 and Estero Parkway in Estero, FL. Construction on the store is slated to commence during January 2014. The company, offering general merchandise, groceries, health and beauty items and a pharmacy, trades as Walmart, Walmart Supercenter and Walmart Neighborhood Market and currently operates more than 9,000 locations nationwide and internationally, including more than 380 locations throughout Canada. Saks, Inc. (212-940-5305) is planning to open seven Saks Fifth Avenue Off 5th stores during 2014 including locations at The Outlets at Bloomfield in Pearl, MA; Outlet Shoppes at Louisville in Lexington, KY; Twin Cities of Eagan in Minneapolis, MN; The Mayfair Collection in Mayfair, WI and Easton Gateway in Columbus, OH. The company, offering merchandise for men, women and children, as well as jewelry, beauty items, shoes, handbags and sunglasses, currently operates more than 42 locations nationwide and trades as Saks Fifth Avenue and OFF Fifth.
Nordstrom, Inc. (206-628-2111) is planning to open a 127,000 sq.ft. Nordstrom store at St. Johns Town Center, a 1.2 million sq.ft. mall located at the intersection of Butler Boulevard and Interstate 295 East Beltway in Jacksonville, FL during October 2014. The company will join Louis Vuitton and Brooks Bros., as well as a future Natural Life, Swim ‘n Sport and Arhaus. The company is also planning to open a 35,000 sq.ft. Nordstrom Rack at University Station, a two-million sq.ft. mixed-use development located along Route 128 and Interstate 95 in Westwood, MA during spring 2015.The company will join Target and Wegmans at the site. The company is also slated to open a 36,000 sq.ft. Nordstrom Rack at The Shops at Summerlin in Summerlin, NV during fall 2014, along with plans to open a Nordstrom store at the site of a former Sears store along Granville Street in Vancouver, Canada during September 2015. The company, currently operates 252 locations nationwide throughout 34 states, trading as Nordstrom, Nordstrom Rack at 132 locations, Jeffrey boutiques at two locations and Treasure & Bond at one location, as well as 117 inline stores and one clearance outlet. Dick’s Sporting Goods, Inc. (724-273-3400) is planning to open more than 300 Dick’s Sporting Goods stores by 2018, growing its store base to more than 800 locations. Plans also call for an additional 55 Field & Stream stores by 2017. The company, offering sporting goods, footwear and apparel for men and women, currently operates more than 518 Dick’s Sporting Goods throughout 44 states nationwide and more than 81 Golf Galaxy locations throughout 30 states nationwide, and also trades as Field & Stream. Tween Brands (740-964-5850) is planning to open a new concept store called Brothers at The Mall at Fairfield Commons in Dayton, OH. The store offers casual boys’ clothing targeted at ages six to 16. The company currently operates 950 locations nationwide and throughout Canada and also trades as Justice. Costco Wholesale Corp. (425-313-8100) is planning to open 148,000 sq.ft. Costco store, located along Harmony Road in Ft. Collins, CO during fall 2014. Prunella Holdings, LLC (302-332-8833) is planning to open 50 Fractured Prune D Doughnuts shops nationwide. M
Dick’s Sporting Goods, Inc. is planning to open more than 300 Dick’s Sporting Goods stores by 2018, growing its store base to more than 800 locations. Page 10 | October 4, 2013
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food chains expand nationwide Chipotle operates 1,450 locations nationwide. The fast-casual restaurants occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in endcaps of regional shopping centers, as well as freestanding locations. Growth opportunities are sought throughout central, southern and western VA during the coming 18 months, with representation by Cushman & Wakefield|Thalhimer. Typical leases run 10 years with five-year options. A vanilla shell and specific improvements are required. Preferred demographics include a population of 20,000 within two miles. Preferred average daily traffic counts include 25,000 vehicles. Panera Bread operates 1,650 locations throughout 40 states nationwide, as well as in Canada. The restaurants occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in endcaps of entertainment, specialty, lifestyle, power and strip centers, as well as freestanding locations. Growth opportunities are sought throughout central, southern and western VA during the coming 18 months, with representation by Cushman & Wakefield|Thalhimer. A land area of one acre is required for freestanding locations. Typical leases run 10 years with four, five-year options. Preferred cotenants include Target, Walmart and other national big box retailers. A vanilla shell and specific requirements are required. Preferred demographics include a population of 20,000 within two miles earning $50,000 as the average household income. A drive-thru is required for freestanding locations. Panda Express operates more than 1,500 locations throughout 41 states nationwide, as well as in Puerto Rico. The Asian fast-casual restaurants occupy spaces of 1,800 sq.ft. to 2,500 sq.ft. in endcaps of shopping centers and freestanding locations. A land area of 0.75 acres is required for freestanding locations. Growth opportunities are sought throughout central, southern and western VA during the coming 18 months, with representation by Cushman & Wakefield|Thalhimer. For more information about expansion throughout central and western VA for Chipotle, contact Connie Nielsen, Cushman & Wakefield|Thalhimer, 11100 West Broad Street, Glen Allen, VA 23060; 804697-3569, Fax 804-697-3479; Email: connie.nielsen@thalhimer.com; Web site: www.thalhimer.com. For more information regarding expansion plans throughout southern VA for Chipotle, contact Ed Kimple, 5700 Cleveland Street, Virginia Beach, VA 23462; 757-213-4155; Email: ed.kimple@thalhimer.com. For more information regarding Panera Bread and Panda Express, contact Connie Nielsen. Dealmakers Magazine | www.dealmakers.net
Moe’s Southwestern Grill operates 460 locations nationwide. The casual-dining restaurants occupy spaces of 2,500 sq.ft. in regional malls, specialty, strip and lifestyle centers, freestanding locations, as well as tourist/entertainment centers. Growth opportunities are sought throughout western CT and Hudson Valley, NY during the coming 18 months, with representation by Redmark Realty, LLC. Major competitors include Chipotle, Qdoba, Baja Fresh, Salsarita’s and Taco Del Mar. For more information, contact Gordon Heeps, Redmark Realty, LLC, 7 Southside Drive, Suite 200, Clifton Park, NY 12065; 518-952-7500, Fax 518-207-0134; Email: gheeps@redmarkrealty.com; Web site: www.redmarkrealty.com. Auntie Anne’s, Inc. trades as Auntie Anne’s at more than 1,400 locations nationwide, as well as internationally. The company, offering soft pretzels and soft drinks, occupies spaces of 450 sq.ft. to 600 sq.ft. in malls, airports, urban/ downtown centers, universities, tourist areas, as well as entertainment and outlet centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. Preferred cotenants include retailers catering to women and children. Preferred demographics include a population of 250,000 within 10 miles. Major competitors include Wetzels, Pretzelmaker and Pretzel Time. The company is franchising. For more information, contact Andrew Kmiec, Auntie Anne’s, Inc., 48-50 West Chestnut Street, Lancaster, PA 17603; 717-435-1580, Fax 717-435-1576; Email: akmiec@auntieannesinc.com; Web site: www.auntieannes.com.
Sonic Drive-In operates more than 3,500 locations nationwide. The fast food restaurants prefer to locate on land areas of 0.6 acres to one acre. Growth opportunities are sought throughout central VA during the coming 18 months, with representation by Colliers International. The company will consider endcaps in high density areas. Preferred average daily traffic counts include a minimum of 15,000 vehicles. Preferred demographics include a population of 25,000 within a three-mile radius. Expansion is franchise driven. For more information, contact Susan Jones, Colliers International, 6606 West Broad Street, Suite 400, Richmond, VA 23230; 804-788-1000, Fax 804-782-1145; Email: susan.jones@colliers.com; Web site: www.colliers.com. YUM! Brands, Inc. trades as Pizza Hut at 6,000 locations nationwide, as well as internationally. The pizzerias occupy spaces of 1,000 sq.ft. to 2,500 sq.ft. in inline spaces and endcaps of shopping centers, as well as freestanding locations. Growth opportunities are sought throughout CT, MA, MD, ME, NH, NJ, upstate NY, western PA, RI, VA and VT during the coming 18 months. For more information, contact Jess Hepler, YUM! Brands, Inc., 497 Hooksett Road, Suite 2-174, Manchester, NH 03104; 603-6240990; Email: jess.hepler@yum.com; Web site: www.yumbrands.com. Noodles & Co. operates at more than 260 locations nationwide. The quick-casual restaurants occupy spaces of 2,600 sq.ft. in endcaps of strip centers and freestanding locations. Growth opportunities are sought (continued on page sixteen)
Chipotle is seeking growth opportunities throughout central, southern and western VA during the coming 18 months. October 4, 2013 | Page 11
lease signings Flocke & Avoyer Commercial Real Estate (858-875-4677) negotiated a five-year lease with Moose’s Barber Shop for 1,400 sq.ft. at Tierra Corners, located along Tierra Del Rey in Chula Vista, CA. The company represented the landlord in the transaction. The Katsias Co. (757-490-3585) negotiated the following leases: with Luv U Fashion for 800 sq.ft. at Holland Plaza Shopping Center in Virginia Beach, VA; with Subway for 1,500 sq.ft. and with Bon Secours for 5,850 sq.ft. at Airline Marketplace in Portsmouth, VA and with Plaza Azteca for 4,990 sq.ft. along South Estes Drive in Chapel Hill, NC.
Taylor Long Properties (804-864-9788) negotiated leases with Ritz Nails for 3,200 sq.ft. at Hungarybrook Shopping Center, located along Concord Avenue in Richmond, VA, with the company representing the landlord in the transaction and with Ariya Chiropractic Center for 1,400 sq.ft. at Lexington Commons, located along West Broad Street in Glen Allen, VA, with the company representing the tenant in the transaction. Cullinan Properties, Ltd. (309-999-1735) negotiated a lease with MC Sports for 22,555 sq.ft. at Town Centre II, located along North Main Street in Peoria, IL.
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Mid America Real Estate – Wisconsin, LLC (414-273-4600) negotiated the following leases throughout WI: with Forever Young Anti-Aging & Weight Loss Center, LLC for 1,786 sq.ft. at Autumn Grove, located along West Bluemound Road in Elm Grove, with the company representing the landlord in the transaction and with Forward Dental for 4,000 sq.ft. at Kenosha Pointe, located at the intersection of Green Bay Road and Washington Road in Kenosha, with the company representing the landlord in the transaction. The company also negotiated a lease renewal with Starbucks for 1,800 sq.ft. along Main Street in Sussex, with the company representing the tenant in the transaction and with Jimmy John’s for 1,600 sq.ft. at Glendale Market, located along North Pt. Washington Road in Glendale, with the company representing the tenant in the transaction. RMC Property Group (813-960-8154) negotiated the following leases throughout FL: with Bailey’s Powerhouse Gym & Fitness Center for 16,024 sq.ft. at Putnam County Center in Palatka; with Harbor Freight Tools for 16,605 sq.ft. at Buccaneer Square in Tampa; with DTLR for 4,500 sq.ft. at Seville Square in Tampa and for 5,000 sq.ft. at Temple Terrace Shoppes in Temple Terrace. The company also negotiated the following lease renewals throughout FL: with Big Lots for 31,714 sq.ft. at Putnam County Center in Palatka and for 36,464 sq.ft. at Gulf Point Square in Ft. Myers; with Bealls for 35,541 sq.ft. at Seville Square in Tampa and with Rainbow for 10,800 sq.ft. at Marion Shopping Center in Ocala. National Realty & Development Corp. (914272-8035) negotiated leases with Hobby Lobby, Marshalls and HomeGoods, totaling more than 98,000 sq.ft. at Pohatcong Plaza, a 562,000 sq.ft. power center located at the intersection of Route 22 and Greenwich Road in Phillipsburg, NJ. The Lord Cos., LLC (312-944-6270) negotiated a lease with Evolve Fitness for a 3,200 sq.ft. freestanding location along West Belmont Avenue in the Lake View neighborhood of Chicago, IL. The company represented the tenant and the landlord in the transaction. Divaris Real Estate, Inc. (757-497-2113) negotiated a lease with Noodles for 2,600 sq.ft. at DSW Plaza in Midlothian, VA, with the company representing the landlord, Schottenstein Management Co., in the transaction. DM Dealmakers Magazine | www.dealmakers.net
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real estate professionals making the news
Cullinan Properties, Ltd. (309-999-1735) hired Victor Ambrosio as vice president, director of leasing at the company’s Chicago, IL office. In his new role, Ambrosio will direct the leasing, sales and marketing functions of the firm, as well as manage third party broker relationships. Prior to joining the firm, Ambrosio served at Pettinaro Management. The company specializes in developing, managing and owning retail, residential, office and medical properties nationwide. Transwestern (713-272-1266) acquired Richards Barry Joyce & Partners, LLC, a full-service real estate firm based in Boston, MA. The company will now operate as Transwestern RBJ starting this November. The company specializes in facilities management, tenant advisory, capital markets, development, research and sustainability services. Tradd Commercial (843-315-6061) recently merged with Core Commercial. Stokes Graves will head the special assets team in assisting banks with short sales and D dissolution of banked owned real estate. M
sources of financing Cronheim Mortgage negotiated $94.5 million in financing for a three-property portfolio located in Long Island, NY, including Oceanside Plaza, a 292,000 sq.ft. shopping center located along Long Beach Road; Brooktown I and II and Brooktown III, located along Nesconset Highway. The 15-year loan features a 25-year amortization period and a rate of 3.68%. The company specializes in debt and equity services for investment grade real estate. For more information, contact Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; 973-635-6800; Web site: www.cronheimmortgage.com. Capstone Financial Solutions negotiated $1.121 million in financing for Euless Plaza Shopping Center, a Family Dollar-anchored center located in Euless, TX. The 10-year loan featured an amortization period of 20 years, a loan-to-value ratio of 60% and a rate of 4.25%. The company also negotiated $1.338 million in financing for a 7-Eleven located in Killeen, TX. The 10-year loan featured an amortization period of 20 years, a loan-tovalue ratio of 60% and a rate of 4.25%. For more information, contact Capstone Financial Solutions, Two CityPlace Drive, Suite 200, St. Louis, MO 63141; 877-3154289; Web site: www.cfscapstone.com. DM Page 14 | October 4, 2013
supermarket chains expand nationwide (continued from page one)
ShopRite operates over 220 locations throughout the Mid-Atlantic region of the U.S. The supermarkets occupy spaces of 80,000 sq.ft. in freestanding locations, power and specialty centers. Growth opportunities are sought throughout the Baltimore, MD metropolitan area during the coming 18 months, with representation by Paraclete Realty. The Fresh Market operates 130 locations throughout AL, AR, CA, CT, FL, GA, IL, IN, KS, KY, LA, MA, MD, MS, NC, NH, NJ, OH, OK, PA, SC, TN, TX, VA and WI. The supermarkets, offering organic and locally grown food items, as well as bulk and prepared food items and a wine and spirits department, occupy spaces of 20,000 sq.ft. in freestanding locations, power and specialty centers. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. Major competitors include Whole Foods. For more information, contact Charlie Phelps, Paraclete Realty, 111 Cameron Parke Place, Suite 100, Alexandria, VA 22304; 301536-7900; Email: charlie@paracleterealty.com; Web sites: www.paracleterealty.com, www.shoprite.com and www.thefreshmarket.com. Carlie C’s Operations operates 16 Carlie C’s IGA locations throughout NC. The supermarkets occupy spaces of 24,000 sq.ft. to 45,000 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 Mack McLamb, Carlie C’s Operations, 10 Carlie C’s Drive, Dunn, NC 28334; 910-892-4124; Web site: www.carliecs.com.
Dahl’s Foods operates 13 locations throughout IA. The supermarkets, featuring deli, produce, bakery, meat and floral departments, occupy spaces of 55,000 sq.ft. to 75,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers new construction opportunities. For more information, contact David Sinnwell, Dahl’s Foods, 4343 Merle Hayroad, Des Moines, IA 50310; 515-278-1657, Fax 515-278-0012; Email: davidsinnwell@dahlsfoods.com; Web site: www.dahlsfoods.com. Binkowski Buy for Less operates 14 locations throughout OK. The supermarkets occupy spaces of 30,000 sq.ft. to 62,000 sq.ft. in various retail settings. Plans call for one to two openings throughout the existing market during the coming 18 months. Typical leases run five to 10 years. A vanilla shell is required. Major competitors include Walmart. For more information, contact Mike Beckwith, Binkowski Buy for Less, 2740 Featherstone Road, Oklahoma City, OK 73120; 405-302-6282, Fax 405-302-0366; Web site: www.buyforlessok.com. R2R Food Ventures, LLC trades as Lloyds Hometown at one location in NY. The supermarket, featuring meat, produce and deli departments, occupies spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the New York, NY metropolitan area during the coming 18 months. For more information, contact Paul Berger, R2R Food Ventures, LLC, 1 Blue Hill Plaza, Suite 1502, 16th Floor, Pearl River, NY 10965; 845-920-1010. DM
The Fresh Market is seeking growth opportunities throughout MD, northern VA and Washington, DC during the coming 18 months. Dealmakers Magazine | www.dealmakers.net
buyers and sellers (continued from page eight)
CNL Commercial Real Estate is selling a 4,500 sq.ft. Verizon Wireless building located along East State Route 50 in Clermont, FL. The tenant is bound to a lease with five years remaining on the initial term and featuring rent escalations of 10% every five years and two, five-year options. Area demographics include a population of 40,231 within a three-mile radius earning $72,000 as the average household income. The average daily traffic count is 42,500 vehicles. For more information, contact PJ Behr, CNL Commercial Real Estate, CNL Center II, 420 South Orange Avenue, Suite 950, Orlando, FL 32801; 407-540-7746; Email: pj.behr@cnl.com; Web site: www.cnl.com. Strategic Retail Advisors is selling outparcels to Village Pointe, located at the intersection of Tradition Parkway and Southwest Village Parkway in Port St. Lucie, FL. Area retailers include Old Navy, T.J. Maxx, Target, The Sports Authority, Michaels, PetSmart, OfficeMax, LA Fitness, The Olive Garden, McDonald’s, Bed Bath & Beyond, Home Depot and Longhorn Steakhouse. Area demographics include a population of 91,384 within a five-mile radius earning $61,430 as the average household income. The average daily traffic count is 31,500 vehicles. For more information, contact John Aiello or Jeffrey O’Loughlin, Strategic Retail Advisors, 1001 North U.S. Highway One, Suite 710, Jupiter, FL 33477; 561-309-7032/772-9716188; Emails: jaiello@sraretail.com and joloughlin@sraretail.com. The Greysteel Co. negotiated the sale of Miramar Plaza Shopping Center, located along Middle River Road in Middle River, MD. At the time of the sale, the property was 92% occupied. The company represented the seller, Vanguard Equities, as well as the buyer, Aasan Investment, LLC, in the transaction. For more information, contact Gil Neuman, The Greysteel Co., 7735 Old Georgetown Road, Suite 301, Bethesda, MD 20814; 202280-2722; Email: info@greysteel.com; Web site: www.greysteel.com. HFF is selling Crowe’s Crossing, a 93,728 sq.ft. shopping center located in eastern Atlanta, GA. Kroger anchors the property and the center is 85% occupied. Tenants include What the Hair, Papa John’s, Metro PCS and State Farm. For more information, contact Richard M. Reid, HFF, 3424 Peachtree Road Northeast, Suite 1750, Atlanta, GA 30326; 404-9422209/; Email: rreid@hfflp.com; Web site: www.hfflp.com. Dealmakers Magazine | www.dealmakers.net
Faris Lee Investments is selling a property consisting of Dick’s Sporting Good and Best Buy, totaling 95,000 sq.ft. as outparcels to the Fiesta Mall, located at the intersection of West Southern Avenue and South Alma School Road in Mesa AZ. The mall is anchored by Dillard’s, Macy’s and Sears. Area demographics include a population of 1.062 million within a 10-mile radius earning $70,000 as the average household income. The average daily traffic count is 38,300 vehicles. The NOI is $1.665 million. The asking price is $18.508 million with a Cap rate of 9%. For more information, contact Faris Lee Investments; 949-221-1800; Web site: www.farislee.com. American Realty Capital Properties, Inc. recently acquired 150 net leased properties during the third quarter of 2013, including a CVS, Dollar General, Walgreens and Wells Fargo. For more information, contact Brian S. Block, American Realty Capital Properties, Inc.; 212-415-6500; Email: bblock@arlcap.com. Newmark Knight Frank is selling North Pointe Shopping Center in Visalia, CA. The center is 96.3% occupied. Area demographics include a trade-area population of 630,000. The asking price is $13.36 million with a Cap rate of 7%. For more information, contact Michael Maffia or Putnam Daily, Newmark Knight Frank; 415-373-4060/415-4455107; Emails: maffiateam@ccareynkf.com and pdaily@ccareynkf.com; Web site: www.maffiateam.com.
The Everest Group is selling two Popeyes restaurants in Cincinnati, OH. The tenants are bound to NNN leases with 20 years remaining on the initial terms and featuring 10% rent escalations every five years. The asking price for each property is $1.67 million with a Cap rate of 6%. For more information, contact Chris Nachtrab, The Everest Group, 9912 Carver Road, Suite 100, Cincinnati, OH 45242; 513-769-2509, Fax 513-769-2512. NAI Hanson negotiated the sale of a 14,352 sq.ft. retail and production building located along Clinton Avenue in Irvington, NJ. The company represented the seller, 4-Share, Inc., in the transaction. For more information, contact W. Joshua Levering, NAI Hanson; 201-488-5800, Fax: 201-488-0246; Web site: www.naihanson.com. Madison Partners is selling a 7,175 sq.ft. retail property situated on a land area of 13,500 sq.ft. along Wilshire Boulevard in Santa Monica, CA. The property is 100% occupied. For more information, contact Mitchell Stokes, Madison Partners, 12121 Wilshire Boulevard, Suite 900, Los Angeles, CA 90025; 310-442-3395; Email: mstokes@madisonpartners.com; Web site: www.madisonpartners.com. Signature Associates negotiated the sale of The Shops at Franklin Place, a 210,000 sq.ft. shopping center situated on 27.5 acres along Monroe Street in Toledo, OH. For more information, contact Nicole Gutkowski, Signature Associates; 248-359-0654; Email: ngutkowski@signatureassociates.com. DM
The Everest Group is selling two Popeyes restaurants in Cincinnati, OH. October 4, 2013 | Page 15
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 Miami-Dade 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
Page 16 | October 4, 2013
food chains expand nationwide
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.
(continued from page eleven)
Reisenfeld & Co. (216-765-8080) is representing Snap Fitness with its expansion plans throughout the greater Cincinnati, OH market. The fitness centers occupy spaces of 4,000 to 4,500 sq.ft. in endcaps of shopping centers, as well as pad sites located at least three miles from competing gyms.
Starbucks Coffee operates more than 18,000 locations nationwide and internationally. The coffee shops occupy spaces of 800 sq.ft. to 1,800 sq.ft. in endcaps of shopping centers, office buildings and downtown areas. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by The Shopping Center Group. Typical leases run 10 years with options. For more information, contact David Firestein, The Shopping Center Group, 711 Westchester Avenue, Suite 201, White Plains, NY 10604; 914-328-2222; Email: dfirestein@scg-retail.com; Web site: www.theshoppingcentergroup.com. DM
R.J. Brunelli & Co. (732-721-5800) is representing Dollar Tree with its expansion plans throughout NJ. The discount stores occupy 7,500 sq.ft. to 12,000 sq.ft. in inline spaces or endcaps of shopping centers, freestanding locations and downtown areas with high pedestrian traffic counts. DM
throughout WI during the coming 18 months, with representation by CBRE, Inc. The company prefers to locate in suburban areas with high daytime traffic counts. For more information, contact Sandy Golden, CBRE, Inc., 777 East Wisconsin Avenue, Milwaukee, WI 53202; 414-274-1639, Fax 414-273-4362; Email: sandy.golden@cbre.com; Web sites: www.noodles.com and www.cbre.com.
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lead sheet Hats in the Belfry Charlie Phelps c/o Paraclete Realty 111 Cameron Parke Place, Suite 100 Alexandria, VA 22304 301-536-7900 Email: charlie@paracleterealty.com Web site: www.paracleterealty.com
Accessories The five-unit chain operates locations throughout the Washington, DC metropolitan area. The stores, offering men’s and women’s hats and accessories, occupy spaces of 1,000 sq.ft. in tourist areas and street fronts. Growth opportunities are sought throughout Washington, DC during the coming 18 months, with representation by Paraclete Realty.
Brooks Brothers Group, Inc. dba Brooks Brothers and Brooks Brothers Factory Stores Roger Kehm 1101 North Congress Road Boynton Beach, FL 33426 561-733-2787 Email: rkehm@brooksbrothers.com Web site: www.brooksbrothers.com
Apparel The 250-unit chain operates locations nationwide. The stores, offering men’s contemporary and formal wear, as well accessories and footwear, along with women’s and children’s apparel items, occupy spaces of 2,500 sq.ft. to 7,000 sq.ft. in upscale malls and downtown central business districts. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in affluent areas.
Bridgestone Retail Operations, LLC dba Tires Plus, Wheel Works, Hibdon Tires and Morgan Tire & Auto Ron Ricks 4219 Roswell Road, Suite A Marietta, GA 30062 770-321-4488, Fax 770-321-2240 Email: rricks@bfrc.com
Automotive The 2,100-unit chain operates locations nationwide. The automotive service centers occupy spaces of 8,500 sq.ft. in freestanding locations and outlots of malls, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred demographics include a population of 30,000 within three miles earning $30,000 as the average household income.
Honest – 1 Auto Care Mark Fontaine or Brendan Clark c/o Renaud Consulting 8605 Westwood Center Drive, Suite 410 Vienna, VA 22182 571-765-4412/4426, Fax 571-765-4443 Emails: mfontaine@renaudconsulting.net and bclark@renaudconsulting.net Web site: www.renaudconsulting.net
Automotive The 34-unit chain operates locations nationwide. The eco-friendly automotive service centers occupy spaces of 3,500 sq.ft. to 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout MD and northern VA during the coming 18 months, with representation by Renaud Consulting. For more information regarding expansion throughout MD, contact Brendan Clark and for expansion opportunities throughout northern VA, contact Mark Fontaine. The company will also consider pad sites or endcaps of shopping centers, and will acquire or ground lease sites.
Kirlin’s, Inc. dba Kirlin’s Hallmark Dale Kirlin 532 Maine Street Quincy, IL 62301 217-224-8953, Fax 217-224-9400 Web site: www.kirlinshallmark.com
Cards The 89-unit chain operates locations throughout IA, IL, IN, KY, MI, MO, OH, OK, TN and WI. The cards shops occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in malls and lifestyle, power and strip centers. Plans call for one opening throughout IA, IL, IN, KY, MI, MO, OH or WI during the coming 18 months. Typical leases run three to five years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 30,000 within three miles earning $50,000 as the average household.
Brenco Marketing dba Zip-N-Food Stores Kenneth Broach PO Box 3819 Bryan, TX 77805 979-260-3835 Ext. 27, Fax 979-691-8588
Convenience The 10-unit chain operates locations throughout TX. The convenience stores, with gasoline facilities, occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
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October 4, 2013 | Page 17
lead sheet Bealls, Inc. dba Bealls Outlet and Burkes Outlet Lauri Mendoza 700 13th Avenue East Bradenton, FL 34208 941-744-4194, Fax 941-744-4931 Email: lmendoza@beallsinc.com Web site: www.beallsinc.com
Department Store The 450-unit chain operates locations throughout AL, AR, AZ, FL, GA, KY, LA, MS, NC, NM, NV, SC, TN, TX, VA and WV. The stores, offering family apparel, footwear, accessories and home décor items, occupy spaces of 20,000 sq.ft. to 25,000 sq.ft. in power and strip centers. Plans call for 40 openings throughout AZ, NM, NV and TX during the coming 18 months. Typical leases run 20 to 25 years. Preferred demographics include a population of 75,000 within a 10-minute drive-time earning $40,000 to $75,000 as the average household income. For information regarding expansion throughout TX, contact Clay Graham or Kyle Fox, Fox & Graham, Emails: clay@foxgraham.com and kyle@foxgraham.com. For more information regarding expansion throughout AZ, NM and NV, contact Tim Gunnink or Tim Westfall, GDC/RE, Emails: tim.gunnink@gdcre.com and tim.westfall@gdcre.com.
Stein Mart, Inc. dba Stein Mart Director of Real Estate 1200 Riverplace Boulevard Jacksonville, FL 32207 Email: realestatesubmission@steinmart.com
Department Store The 263-unit chain operates locations nationwide. The stores, offering family apparel, home goods and gift items, occupy spaces of 30,000 sq.ft. to 34,000 sq.ft. in lifestyle, power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers site submittals via email.
Dollar General Daniel Solomon c/o Katz & Associates Corp. 2300 Glades Road, Suite 460W Boca Raton, FL 33431 561-361-7232 Ext. 4349, Fax 561-361-7276 Web site: www.katzassociates.com
Discount The 10,600-unit chain operates locations nationwide throughout 40 states. The stores, offering general merchandise, apparel, food items, seasonal merchandise, office supplies and beauty items, occupy spaces of 10,000 sq.ft. in regional and neighborhood shopping centers. Growth opportunities are sought throughout Miami-Dade County in FL during the coming 18 months, with representation by Katz & Associates Corp. The company prefers to locate in areas with strong visibility.
CVS Caremark dba CVS Pharmacy Suzanne Lanois One CVS Drive Woonsocket, RI 02895 401-770-4310, Fax 401-770-2606 Email: suzanne.lanois@cvscaremark.com Web site: www.cvs.com
Drug Store The 7,500-unit chain operates locations nationwide. The drug stores occupy spaces of 13,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout existing areas nationwide during the coming 18 months, where the company currently has a footprint. Typical leases run 25 years. Preferred demographics include a population of 18,000 within two miles. A land area of two to three acres is required.
HMV Canada, Inc. dba HMV Canada Harvey Berkley 5401 Eglinton Avenue West, Unit 110 Etobicoke, Ontario, Canada M9C 5K6 416-620-4470, Fax 416-620-5064 Web site: www.hmv.ca
Entertainment The 100-unit chain operates locations throughout Canada. The stores, offering CD’s, DVD’s, Blu-Rays, books, apparel and collectible items, occupy spaces of 3,000 sq.ft. in regional malls, power centers and urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months.
Mariner Finance Eddie Goldmeier c/o Newmark Grubb Knight Frank 400 East Pratt Street, Suite 710 Baltimore, MD 21202 410-625-4202 Email: egoldmeier@ngkf.com Web site: www.ngkf.com
Finance The 70-unit chain operates locations throughout DE, KY, MD, NC, NJ, NY, OH, PA, TN and VA. The financial service centers occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in various retail settings. Plans call for 50 to 75 openings throughout KY, NC, NJ, NY, OH and PA during the coming 18 months, with representation by Newmark Grubb Knight Frank. The company prefers to locate in centers near Target and Walmart.
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lead sheet Planet Fitness Brian Kunkel 26 Fox Run Road Newington, NH 03801 603-750-0001, Fax 603-750-0004 Web site: www.planetfitness.com
Fitness The 653-unit chain operates locations nationwide. The fitness centers occupy spaces of 16,000 sq.ft. to 25,000 sq.ft. in various retail settings. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years with four, five-year options. Preferred demographics include a population of 60,000 within five miles earning $50,000 as the median household income.
Great Clips Andrew Pearl c/o Investment Management Associates, Inc. 1575 San Ignacio Avenue, Suite 400 Coral Gables, FL 33146 305-661-0100, Fax 305-661-7803 Email: apearl@ima-realestate.com Web site: www.ima-realestate.com
Hair Salon The 3,400-unit chain operates locations nationwide. The hair salons occupy spaces of 900 sq.ft. to 1,500 sq.ft. in freestanding locations, regional malls, specialty and strip centers. Growth opportunities are sought throughout Broward and Miami/Dade counties in FL during the coming 18 months, with representation by Investment Management Associates, Inc. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include Kohl’s, Target and Publix. Major competitors include Hair Cuttery, Supercuts, Regis and Fantastic Sams.
Sterling Jewelers, Inc. dba Kay Jewelers, Kay Jewelers Outlet and Jared – The Galleria of Jewelry David Clunk 375 Ghent Road Akron, OH 44333-4601 330-668-5000, Fax 330-668-5050 Email: dclunk@jewels.com
Jewelry The 1,300-unit chain operates locations nationwide. Kay Jewelers prefers to occupy spaces of 1,600 sq.ft. in enclosed malls, Kay Jewelers Outlet prefers to occupy spaces of 1,800 sq.ft. in off mall power centers or outlet centers and Jared – The Galleria of Jewelry prefers to occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought nationwide during the coming 18 months.
Wash Pro USA John Vassiliades c/o J. Vassiliades & Co. 806 Keystone Avenue River Forest, IL 60305 708-878-1020, Fax 312-602-4961 Email: john@laundrybroker.com Web site: www.laundrybroker.com
Laundromat The six-unit chain operates locations throughout the Chicagoland area in IL. The laundromats occupy spaces of 5,000 sq.ft. to 15,000 sq.ft. in freestanding locations, strip and value centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by J. Vassiliades & Co.
Rx Optical Laboratories, Inc. dba Rx Optical Laboratories George Jepson 1700 South Park Street Kalamazoo, MI 49001 269-342-0003, Fax 269-342-4284 Email: george@rxoptical.com Web site: www.rxoptical.com
Optical The 53-unit chain operates locations throughout IN and MI. The stores, offering eye care services and related merchandise, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in freestanding locations and encaps of shopping centers. Growth opportunities are sought throughout MI during the coming 18 months.
RDB Investments dba Jack’s Pets Scott Brenner 802 North Orchard Lane Beaver Creek, OH 45434 937-320-4300, Fax 937-320-4310 Email: scottb@jackspets.com Web site: www.jackspets.com
Pet Supplies The 31-unit chain operates locations throughout IN, KY and OH. The pet supply stores occupy spaces of 4,500 sq.ft. to 5,500 sq.ft. in power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. A vanilla shell is required. Preferred cotenants include grocery stores. Major competitors include Petco and PetSmart.
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October 4, 2013 | Page 19
lead sheet Clarks America, Inc. dba Clarks Criss Nigro 156 Oak Street Newton Upper Falls, MA 02464 617-243-4194, Fax 617-243-4210 Web site: www.clarksusa.com
Shoes The 195-unit chain operates locations nationwide. The stores, offering family footwear, occupy spaces of 2,300 sq.ft. to 2,500 sq.ft. in super regional malls and tourist areas. Growth opportunities are sought throughout major metropolitan markets nationwide during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Ann Taylor, Chico’s, Banana Republic, Cole Haan and Coldwater Creek. Major competitors include The Walking Co., Nine West and Naturalizer. For additional information regarding expansion throughout northeastern region of the U.S., contact Brianna King, 617-796-5014. For more information regarding expansion throughout the western region of the U.S., contact Jim Balducci, 858-456-5511. The company prefers to locate in affluent areas and will operate a total of 198 locations by the end of the year.
Shoe Sensation Gordon Partin 253 America Place Jeffersonville, IN 47130 812-288-7659, Fax 812-285-1067
Shoes The 85-unit chain operates locations throughout AR, IA, IL, IN, KY, MI, MO, OH, PA, TN and WV. The stores, offering family footwear, occupy spaces of 4,800 sq.ft. to 6,500 sq.ft. in malls, power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
T & B Boots, Inc. dba Takken’s Shoes Cris Takken 670 Marsh Street San Luis Obispo, CA 93401 805-544-3570, Fax 805-544-1438 Email: ctakken@aol.com Web site: www.takkens.com
Shoes The 25-unit chain operates locations throughout CA. The shoe stores occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in regional malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 100,000 within five miles earning $75,000 as the average household income. Major competitors include The Walking Co.
Naamco Entertainment Tony Kahan c/o KB Real Estate, Inc. 790 Frontage Road, Suite 315 Northfield, IL 60093 847-441-4424 Email: tkahan@kbrealestate.com Web site: www.kbrealestate.com
Specialty The chain operates locations nationwide. The entertainment facilities occupy spaces of 40,000 sq.ft. in regional malls. Growth opportunities are sought throughout Chicago, IL during the coming 18 months, with representation by KB Real Estate, Inc.
Pinot’s Palette Penny Wickey c/o Saugatuck Commercial Real Estate, LLC 9 Burr Road Westport, CT 06880 203-222-4194 Email: pwickey@saugatuckcommercial.com Web site: www.saugatuckcommercial.com
Specialty The 44-unit chain operates locations nationwide. The shops, featuring local artists teaching painting classes, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC.
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 20 | October 4, 2013
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space place Arizona
Connecticut
Florida
Fountain Hills – Palisades Plaza Shopping Center, located at the intersection of Fountain Hills Boulevard and Palisades Boulevard, has a 900 sq.ft. space available, along with a 2,140 sq.ft. former restaurant space. Cotenants include Safeway, Goodwill, Subway, Dunkin’ Donuts, The UPS Store and Burger King. Area demographics include a population of 30,579 within five miles earning $99,838 as the average household income. Surprise – A 1,458 sq.ft. former bank is available at the intersection of Litchfield Road and Bell Road. Cotenants include Chili’s and Sprouts Farmers Market. Area demographics include a population of 194,719 within five miles earning $60,864 as the average household income. The average daily traffic count is 48,000 vehicles. For more information regarding Palisades Plaza Shopping Center, contact Jason Fessinger or Kalen Rickard, Strategic Retail Group, 15169 North Scottsdale Road, Suite 330, Scottsdale, AZ 85254; 602-778-3833/3832; Emails: jasonf@srgaz.com and kalenr@srgaz.com; Web site: www.strategicretailgroup.com. For more information regarding the site in Surprise, contact Kalen Rickard.
Bristol – A 2.0-acre lot is available at the intersection of Pine Street/Route 72 and Emmett Street. Area retailers include CVS, Aldi and Dunkin’ Donuts. Area demographics include a population of 118,476 within five miles earning $81,526 as the average household income. The average daily traffic count is 15,000 vehicles. For more information, contact Ralph Calabrese or Tony Valenti, Calabrese Agency, 553 Plank Road, Waterbury, CT 06705; 203-573-0342, Fax 203-755-7962; Emails: rlc@calabreseagency.com and tvalenti@calabreseagency.com; Web site: www.calabreseagency.com.
a population of 181,250 within five miles. The average daily traffic count is 104,000 vehicles. For more information, contact Drew Forness or Terrence Hart, Forness Properties, 407403-5846; Emails: drew@fornessproperties.com and terrence@fornessproperties.com; Web site: www.fornessproperties.com.
DISCOVER
Florida Orlando – Sand Lake Corners, a 600,000 sq.ft. power center located at the intersection of Sand Lake Road and John Young Parkway, has spaces from 1,260 sq.ft. to 8,000 sq.ft. available. Cotenants include Walmart, Lowe’s, PetSmart, Staples, Wendy’s, Five Guys Famous Burgers & Fries, Dunkin’ Donuts, Goodyear, Denny’s and McDonald’s. Area demographics include
Georgia Americus – Perlis Plaza, a 165,315 sq.ft. center located at the intersection of Crawford Street and East Forsyth Street, has spaces from 480 sq.ft. to 7,071 sq.ft. available, along with two 0.3 acre outparcels. Cotenants include Belk, Roses, Dollar Tree, Citi Trends, Hibbett Sports, Dollar General, Radio Shack, GNC and Sherwin Williams. Area demographics include a population of 20,733 within five miles earning $46,639 as the average household income. For more information, contact Alex Conner, Brixmor, 9101 International Drive, Suite 1600, Orlando, FL 32819; 407-9032922; Email: alex.conner@brixmor.com; Web site: www.brixmor.com.
Phase I • 44,000 SF retail, dining and entertainment space • The Alexander, A Dolce Hotel: 209 rooms, 52 extended stay suites • The Residences at CityWay: 250 luxury apartments • Dining & Entertainment, join Cerulean, ranked 2013 Top 10 Restaurants in US by Gayot, Plat 99 mixology bar, Market Table, Orange Leaf & Qdoba
Phase II • 48,000 SF of contiguous retail • 75,000 SF YMCA: 2,000+ visitors per day • 500 luxury apartments planned Multiple BTS Opportunities: restaurant, specialty grocer, drug store and/or multi purpose entertainment venue
CityWay Facts • Very dense daytime population 50,000 employees within 0.5 mile 17,500 employees in 4 neighboring campuses • Rapidly growing residential density • Convenient to all downtown amenities FOR LEASING CALL: Gary Perel 317.536.0093 gperel@nkfhalakar.com
229 S. Delaware St • Indianapolis, IN
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space place Illinois
Illinois
Illinois
Algonquin – A strip center located at the intersection of Randall Road and County Line Road, has spaces of 1,473 sq.ft., 2,089 sq.ft. and 2,240 sq.ft. available, along with a divisible space of 3,306 sq.ft. Cotenants include See’s Candies, Great Clips, T-Mobile and Men’s Wearhouse. Area demographics include a population of 55,792 within three miles earning $106,489 as the average household income. Schaumburg – A divisible space of 4,366 sq.ft. is available at the intersection of Woodfield Road and Mall Drive. Cotenants include Jared The Galleria of Jewelry. Area demographics include a population of 262,891 within five miles earning $91,979 as the average household income. Melrose Park – Food 4 Less Plaza, located at the intersection North Avenue and 25th Avenue, has up to 5,983 sq.ft. of space available. Cotenants include Food 4 Less, Hooter, FedEx Office, Jimmy John’s, T-Mobile, Starbucks and Dotty’s. Area demographics include a population of 462,901 within five miles earning $77,735 as the average household income. For more information regarding the sites in Algonquin or Melrose Park, contact Doug Renner, Baum Realty Group, LLC, 312275-3137; Email: doug.renner@baumrealty.com; Web site: www.baumrealty.com. For more information regarding the Schaumburg property, contact Allen Joffe or Gary Shvartsman, 312-275-3120/3114; Emails: allen@baumrealty.com and gary@baumrealty.com.
and ggreenfield@metrocre.com; Web site: www.metrocre.com. For more information regarding the Libertyville property, contact Jonathan Hyman, 224-365-8144; Email: jhyman@metrocre.com.
demographics include a population of 390,229 within three miles earning $106,481 as the average household income. For more information regarding the Van Buren Street property, contact Paul Tsakiris or Leo Solarte, First Western Properties, 1205 West Adams Street, Chicago, IL 60607; 773-545-2000; Emails: paul@1stwesternproperties.com and leo@1stwesternproperties.com; Web site: www.1stwesternproperties.com. For more information regarding the Madison Street property, contact Paul Tsakiris.
Arlington Heights – Esplanade at Arlington Heights, located at the intersection of Euclid Avenue and Salt Creek Lane, has spaces up to 14,250 sq.ft. available, along with an outlot available for redevelopment. Cotenants include Subway and Starbucks. Area demographics include a population of 110,904 within three miles earning $102,147 as the average household income. The average daily traffic count is 30,000 vehicles. Libertyville – A 1,205 sq.ft. space is available at a center located at the intersection of Buckley Road and Milwaukee Avenue. Cotenants include Starbucks and Walgreens. Area retailers include Chiro One Wellness Center. Area demographics include a population of 35,903 within three miles earning $146,488 as the average household income. For more information regarding Esplanade at Arlington Heights, contact Larry Kling or Gary Greenfield, Metro Commercial Real Estate, 56 Skokie Valley Road, Highland Park, IL 60035; 847-849-1525/412-9898, Fax 847-412-0101; Emails: lkling@metrocre.com Dealmakers Magazine | www.dealmakers.net
Aurora – Ashton Pointe, a 90,853 sq.ft. center located at the intersection of Eola Road and North Aurora Road, has spaces of 1,200 sq.ft. and 4,500 sq.ft. available. Cotenants include Jewel-Osco, GNC, Supercuts, Zoup and Jersey Mike’s. Area demographics include a population of 424,938 within seven miles earning $94,208 as the average household income. Chicago – North Mayfair Commons, an 87,270 sq.ft. center located at the intersection of North Pulaski Road and Foster Avenue, has spaces of 1,125 sq.ft. and 1,500 sq.ft. available. Cotenants include Jewel/Osco, Pizza Hut, Athletico, Back to Bed and H&R Block. Area demographics include a population of 1.1 million within five miles earning $76,749 as the average household income. Lansing – The Landings, a 613,464 sq.ft. center located at the intersection of Torrence Avenue and 170th Street, has spaces from 1,600 sq.ft. to 21,365 sq.ft. available. Cotenants include Walmart, Anna’s Linens, Burlington Coat Factory, Ultra Foods, Forman Mills, Dollar Tree, Citi Trends, Pay Half and Pier 1 Imports. Area demographics include a population of 256,245 within five miles earning $57,583 as the average household income. For more information regarding Ashton Pointe, contact Mark Fredericks, Les Kristof or Mike Wesley, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5613/5607/5610; Emails: mfredericks@edgemarkllc.com, lkristof@edgemarkllc.com and mwesley@edgemarkllc.com; Web site: www.edgemarkllc.com. For more information regarding North Mayfair Commons or The Landings, contact Matthew Smetana or Mike Wesley, 630-572-5632; Emails: msmetana@edgemarkllc.com; Web site: www.edgemarkllc.com. Chicago – Street level spaces from 1,307 sq.ft. to 3,000 sq.ft. are available along West Van Buren Street. Area retailers include Jimmy John’s. Area demographics include a population of 372,150 within three miles earning $102,633 as the average household income. The average daily traffic count is 28,900 vehicles. Also – A street level space of 1,400 sq.ft. is available along West Madison Street. Area retailers include Starbucks and FedEx Office. Area
Chicago – Retail spaces of 710 sq.ft., 830 sq.ft. and 1,285 sq.ft. are available on the ground level of a four story apartment building along North Damen Street. The asking rent is $13 to $14 psf. For more information, contact Scott Fithian, The Lord Cos., LLC, 1033 West Van Buren Street, 7th Floor, Chicago, IL 60607; 773-404-4314, Fax 312-944-3759; Email: scott@lordcompanies.com. Downers Grove – The Grove Shopping Center, located at the intersection of 75th Street and Lemont Road, has spaces from 1,300 sq.ft. to 30,000 sq.ft. available. Cotenants include Michaels, Marshalls, ULTA, Petco, Toys “R” Us, Harlem Furniture and Game Stop. Area demographics include a population of 235,650 within five miles earning $101,794 as the average household income. North Riverside – Costco Outlots, located at the intersection of Harlem Avenue and 26th Avenue, has outlots from 0.70-acres to 1.06-acres available. Cotenants include Costco Wholesale. Area demographics include a population of 640,042 within five miles earning $68,082 as the average household income. Waukegan – Fountain Square of Waukegan, located at the intersection of Route 120 and Waukegan Road, has a divisible space of 18,699 sq.ft. available. Cotenants include Buffalo Wild Wings, Rainbow, Jimmy John’s, Game Stop, Sally Beauty Supply, GNC, Dunkin’ Donuts, T-Mobile and Sport Clips. Area demographics include a population of 182,005 within five miles earning $74,414 as the average household income. For more information regarding the Grove Shopping Center, contact Barb Kading or Sarah Drumgould, Mid-America Asset Management, Inc., 1 Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630-954-7348/7290, Fax 630-954-7306; Emails: bkading@midamericagrp.com and sdrumgould@midamericagrp.com; Web (continued on page twenty-six)
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site: www.midamericagrp.com. For more information regarding the Costco Outlots, contact Katie Hennegan or Angela Gasbarro, 630-954-7233/7208; Emails: khennegan@midamericagrp.com and agasbarro@midamericagrp.com. For more information regarding Fountain Square of Waukegan, contact Steve Frishman, 630954-7325; Email: sfrishman@midamericagrp.com. Gurnee – A 25,574 sq.ft. freestanding building is available on a 1.5 acre land area at the intersection of Grand Avenue and Belle Plaine Avenue. Area retailers include Office Depot, Starbucks, Burger King, Walgreens, Jewel-Osco and McDonald’s. Area demographics include a population of 172,388 within five miles earning $68,561 as the average household income. The average daily traffic count is 25,200 vehicles. Schaumburg – The Shoppes on Meacham, located at the intersection of Meacham Road and Remington Road, has spaces of 1,527 sq.ft. and 2,612 sq.ft. available. Cotenants include Noodles & Co., FedEx Kinko’s, Fannie May and Dainese. Area demographics include a population of 278,555 within five miles earning $88,251 as the average household income. The average daily traffic count is 33,300 vehicles.
Illinois
Indiana
For more information regarding the Gurnee property, contact Mike Streit or Andy Robbins, ARCORE Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-908-5702/5707; Emails: mstreit@arcoregrp.com and arobbins@arcoregrp.com; Web site: www.arcoregrp.com. For more information regarding the Shoppes on Meacham, contact Mike Streit or April Smith, 630-908-5703; Email: asmith@arcoregrp.com.
sq.ft. to 6,000 sq.ft. available. Cotenants include Dollar Tree, Papa Murphy’s Pizza and H&R Block. Area demographics include a population of 78,356 within five miles earning $43,386 as the average household income. For more information, contact Patrick Boyle, Midland Atlantic, 317-580-9900; Email: pjboyle@midlandatlantic.us; Web site: www.midlandatlantic.com.
Schaumburg – Georgetown Square, located at the intersection of West Irving Park Road and Wise Road, has spaces from 1,864 sq.ft. to 6,864 sq.ft. available. Cotenants include Starbucks and Jet’s Pizza. Area demographics include a population of 285,599 within five miles earning $95,376 as the average household income. For more information, contact Luke Sementa or Alexander Blieden, Newmark Grubb Knight Frank Retail, 312-2243974/3170; Emails: lsementa@ngkf.com and ablieden@ngkf.com; Web site: www.newmarkkf.com.
Indiana Muncie – Shoppes at Southside, located along South Chandler Drive, has spaces from 1,200
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Kentucky Richmond – A 3.36-acre site is available at the intersection of Boggs Lane and Eastern Bypass. Area retailers include Charley’s, Hobby Lobby, Office Depot, Walmart Supercenter, Red Lobster, Lowe’s, Dunham’s Sports, Applebee’s and Kroger. Area demographics include a population of 41,785 within five miles earning $52,962 as the average household income. The average daily traffic count is 28,709 vehicles. Also – Carriage Gate Shopping Center, a 200,000 sq.ft. community center located at the intersection of Eastern Bypass and Big Hill Avenue, has a space of 2,105 sq.ft. available, along with a space of 13,066 sq.ft., which can be divided. Cotenants include Office Depot, Dunham’s Sports, Dollar Tree, Cato, Hobby Lobby and Richmond Furniture Outlet.
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space place Kentucky
Missouri
New Jersey
Area demographics include a population of 41,890 within five miles earning $53,036 as the average household income. The average daily traffic count is 36,664 vehicles. Somerset – Grand Central Place, a 290,414 sq.ft. center located at the intersection of US Highway 27 and Grand Central Boulevard, has spaces from 1,000 sq.ft. to 12,183 sq.ft. available. Cotenants include Kroger, T.J. Maxx, H&R Block, Petsense, Great Clips, Cosmo Prof, Tuesday Morning, Twisted Pineapple, Hobby Lobby and Dunham’s Sports. Area demographics include a tradearea population of 211,545 earning $39,044 as the average household income. For more information regarding the Boggs Lane property, contact Al Isaac or Jamie Adams, NAI Isaac, 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859422-4400/4413; Emails: alisaac@naiisaac. com and jadams@naiisaac.com; Web site: www.naiisaac.com. For more information regarding Carriage Gate Shopping Center, contact Paul Smith or Jim Kemper, 859-4424401/4407; Emails: prsmith@naiisaac.com and jimkemper@naiisaac.com. For more information regarding Grand Central Place, contact NAI Isaac, 859-224-2000.
intersection of Waterbury Falls Drive and Highway K, has spaces from 1,500 sq.ft. to 4,107 sq.ft. available. Cotenants include Jimmy John’s, Sports Clips and Jefferson Bank. Area demographics include a trade-area population of 79,300 earning $90,814 as the average household income. The average daily traffic count is 27,398 vehicles. The asking rent is $15 psf NNN. Winfield – Winfield Plaza, a 43,636 sq.ft. center located at the intersection of Winfield Plaza Drive and State Highway 47, has spaces from 1,200 sq.ft. to 6,000 sq.ft. available. Cotenants include Niemann Foods. Area demographics include a population of 5,690 within five miles earning $57,254 as the average household income. The average daily traffic count is 12,909 vehicles. The asking rent is $13 psf NNN. For more information, contact Jeff Eisenberg, Jeff Eisenberg & Associates, 314721-5611; Email: jeff@jeisenberg.com; Web site: www.jeisenberg.com.
Cotenants include Stop & Shop, Lowe’s, Target, Barnes & Noble, Longhorn Steakhouse and Chick-Fil-A. Area demographics include a population of 152,632 within five miles earning $87,638 as the average household income. The average daily traffic count is 38,000 vehicles. For more information, contact Mark Handwerker, The Goldstein Group, 45 Eisenhower Drive, Suite 500, Paramus, NJ 07652; 201-703-9700; Email: mhandwerker@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com.
New Jersey
Missouri
Berlin – Hillcrest Plaza, located along Route 73, has three spaces of 1,200 sq.ft. available, along with a 2,500 sq.ft. endcap. Cotenants include Papa John’s, Green Light Auto, Philly Soft Pretzel, BioMat and Primo’s Hoagies. Area demographics include a population of 34,341 within three miles earning $96,076 as the average household income. Magnolia – Colombo Plaza, located at the intersection of White Horse Pike and Warwick Road, has a 1,100 sq.ft. endcap available. Cotenants include Colombo Liquors and Allstate. Area demographics include a population of 258,422 within five miles earning $82,843 as the average household income. Somerdale – Centre Plaza, located along White Horse Pike, has 1,360 sq.ft. space available. Area retailers include Papa John’s, Aldi, Taco Bell and AT&T. Area demographics include a population of 241,328 within five miles earning $68,691 as the average household income. The average daily traffic count is 35,130 vehicles. For more information regarding Hillcrest Plaza, contact Doug Stewart or Dean Pappas, Arrow Real Estate Services, 717 Limekiln Road, Doylestown, PA 18901; 856-981-8865/912-3383; Emails: dougs@arrowrealestateservices.com and deanp@arrowrealestateservices.com; Web site: www.arrowrealestateservices.com. For more information regarding Colombo Plaza or Centre Plaza, contact Doug Stewart.
O’Fallon – Waterbury Falls, a 46,500 sq.ft. neighborhood center located at the
Howell – Lanes Mill Marketplace has spaces of 3,500 sq.ft. and 7,150 sq.ft. available.
Massachusetts Boston – 5,200 sq.ft. of ground level and first floor spaces are available along Newbury Street. Area retailers include Chanel, Burberry, Cartier, Valentino, Giorgio Armani and Loro Piana. For more information, contact Thomas Brennan, C. Talanian Realty Co., Inc., 137 Newbury Street, 9th Floor, Boston, MA 02116; 617-536-4655 Ext. 127; Email: tbrennan@ctalanianrealty.com; Web site: www.ctalanianrealty.com. Dorchester – Marketplace on Morrissey, a 15,000 sq.ft. center located at the intersection of Morrissey Boulevard and Conley Street, has spaces from 1,388 sq.ft. to 5,546 sq.ft. available. Cotenants include T-Mobile, H&R Block and Open Doors Yoga Studios. The average daily traffic count is 76,000 vehicles. For more information, contact Jonathan Blacker, Denenberg Realty Advisors, 230 Commercial Street, Boston, MA 02109; 617-720-5653, Fax 617-720-5676; Email: jay@denenbergrealty.com; Web site: www. denenbergrealty.com.
Dealmakers Magazine | www.dealmakers.net
Metuchen – A 1,200 sq.ft. store front space is available along Main Street. Area retailers include Body & Brain Yoga, The UPS Store, Bagels 4 U, Robert’s Pizza, Great Clips and Raconteur Books. Area demographics include a population of 106,817 within three miles earning $102,659 as the average household income. For more information, contact Carl Minue, RJ Brunelli, 400 Perrine Boulevard, Suite 405, Old Bridge, NJ 08857; 732-7215800 Ext. 24, Fax 732-721-9241; Email: cminue@rjbrunelli.com.
New York Bethpage – A neighborhood center located at the intersection of Hempstead Turnpike and Hicksville Road, has spaces from 810 sq.ft. to 3,609 sq.ft. available. Cotenants include A.C. Moore, Rite Aid, Boston Market, Top Cuts and Gino’s Pizzeria. Area demographics include a population of 431,301 within five miles earning $85,264 as the median household income. For more information, contact Ed Czarniak, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, NY 11530; 516874-8070 Ext. 511; Email: edward@sabreny.com; Web site: www.sabreny.com. Manhattan – JAF, a 26,000 sq.ft. center located at the intersection of Delancy Street and Rivington Street, has a 1,200 sq.ft. space available. The site is currently occupied by a bakery. Cotenants include Lot Less Closeouts. For more information, contact Brian Moss, Moss Real Estate, Inc., 77 La Rue Drive, Huntington, NY 11743; 516-965-4300; Email: brian@mossrei.com. Mount Kisco – A space of 14,052 sq.ft. is available at the intersection of Main Street and South Moger Avenue. Area retailers include Starbucks, Banana Republic, Pier 1 Imports, (continued on page twenty-eight)
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Sleepy’s, Rite Aid, Staples and Target. Area demographics include a population of 53,503 within five miles earning $199,345 as the average household income. For more information, contact Scott Meshil or Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403 Ext. 106/103, Fax 914-2370196; Emails: scott@royalpropertiesinc.com and jeff@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. Smithtown – A 3,500 sq.ft. building, with a 3,500 sq.ft. basement, is available along Nesconset Highway. Area retailers include TD Bank, Famous Dave’s, Dunkin’ Donuts and Carraba’s. Area demographics include a population of 211,588 within five miles earning $110,122 as the average household income. Wantagh – Willow Wood Shoppes, a 56,540 sq.ft. center located at the intersection of Wantagh Avenue and Jerusalem Avenue, has spaces of 4,000 sq.ft. and 4,110 sq.ft. available. Cotenants include Petco, Friendly’s, Weight Watchers, Jani Restaurant and Starbucks. Area demographics include a population of 449,119 within five miles earning $106,447 as the average household income. The average daily traffic count is 44,900 vehicles. For more information regarding the Smithtown property, contact Charles Navarro, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 251; Email: cnavarro@breslinrealty.com; Web site: www.breslinrealty.com. For more information regarding Willow Wood Shoppes, contact Richard MacDougall, 516-741-7400 Ext. 263; Email: rmacdougall@breslinrealty.com.
North Carolina Wilmington – Cape Fear Plaza, a 40,000 sq.ft. center located at the intersection of Castle Hayne Road and 23rd Street, has spaces from 570 sq.ft. to 3,973 sq.ft. available, along with a 1.0-acre outlot. Cotenants include Measurement Inc., Enterprise Rent-A-Car and Two Fifty Cleaners. Area demographics include a population of 83,000 within five miles earning $50,000 as the average household income. The average daily traffic count is 15,000 vehicles. For more information, contact Stuart Davidson, Mark Properties, 212 West Main Street, Suite 300, Durham, NC 27701; 919-688-8006, Fax 919-688-7055; Email: sdavidson@markproperties.com; Web site: www.markproperties.com. Page 28 | October 4, 2013
Ohio
Oregon
Barberton – Magic City Shopping Center, a 235,057 sq.ft. center, has a space available. Cotenants include Kmart, Save-A-Lot, Famous Hair, Rent-A-Center, Dollar Tree and Jackson Hewitt. Area demographics include a population of 397,045 within ten miles earning $54,777 as the average household income. Tallmadge – Eastwood Square, a 115,221 sq.ft. center located at the intersection of Eastwood Avenue and South Avenue, has a space of 9,700 sq.ft. available, along with an outlot building of 3,437 sq.ft. Cotenants include Acme Fresh Market, CVS, Burger King, Subway, Radio Shack, Great Clips, Hallmark, Vitamin Depot and Wally Waffle. Area demographics include a population of 475,698 within ten miles earning $50,438 as the average household income. For more information, contact Ilan Konover, LRC Realty, 1585 Frederick Boulevard, Akron, OH 44320; 330-253-6958; Email: ikonover@lrcrealty.com.
Email: timc@campbellre.com; Web site: www.campbellre.com.
Cincinnati – An 820 sq.ft. building is available along Montgomery Road. Area retailers include a population of Kroger, Chipotle, Marshalls, Walgreens and LaRosa’s Pizza. Area demographics include a population of 278,969 within five miles earning $53,015 as the average household income. The average daily traffic count is 17,510 vehicles. Fairfield – A space of 1,546 sq.ft. is available in a center located along Pleasant Avenue. Cotenants include Verizon Wireless and Snap Fitness. Area retailers include Kroger, Chase Bank and Dollar Tree. Area demographics include a population of 139,045 within five miles earning $59,711 as the average household income. For more information, contact Dan Drescher, Select Strategies Realty, 400 Techne Center Drive, Suite 320, Milford, OH 45150; 513-332-9959; Email: ddrescher@selectstrat.com.
Oregon Eugene – Planing Mill, a 105,000 sq.ft. center located at the intersection of West 3rd and Lincoln, has a space of 19,000 sq.ft. available, along with two potential pad sites. Cotenants include REI, Staples, Bounce Gym, Crux Rock Gym and Blue Dog Meade. Area demographics include a population of 155,000 within five miles. The asking rent is $9 psf NNN. For more information, contact Tim Campbell, Campbell Commercial Real Estate, 701 High Street, Suite 300; Eugene, OR 97440; 541-484-2214;
Pennsylvania Columbia – Columbia Shopping Center, a 123,777 sq.ft. center located at the intersection of South 18th Street and Route 462, has a space of 3,200 sq.ft. available. Cotenants include Family Dollar, Auto Zone, Ace Hardware, Planet Fitness, RentA-Center, Rite Aid, Weis Markets and Vecchia Pizza. Area demographics include a population of 53,734 within five miles earning $70,005 as the average household income. Hershey – A 1,400 sq.ft. space is available at a center along East Chocolate Avenue. Cotenants include Sherwin-Williams. Area demographics include a population of 57,130 within five miles earning $82,668 as the average household income. The average daily traffic count is 27,000 vehicles. For more information, contact Wilay Boensch, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373 Ext. 616, Fax 717560-9909; Email: wboensch@lms-pma.com; Web site: www.lms-pma.com. Hermitage – Kohl’s Center, an 88,719 sq.ft. center located at the intersection of South Hermitage Road and Shenango Valley Freeway, has a space of 13,903 sq.ft. available, along with two outlots. Cotenants include Kohl’s. Area demographics include a population of 50,049 within five miles earning $48,293 as the average household income. For more information, contact Ilan Konover, LRC Realty, 1585 Frederick Boulevard, Akron, OH 44320; 330-253-6958; Email: ikonover@lrcrealty.com.
Tennessee Jackson – A 2,419 sq.ft. former Back Yard Burgers restaurant is available at the intersection of North Parkway and Highway 45. Area retailers include T.J. Maxx, Pier 1 Imports, Dollar Tree, Big Lots and Kroger. Area demographics include a population of 65,565 within five miles earning $55,710 as the average household income. For more information, contact John Reed, The Shopping Center Group, 901-869-2720; Email: john.reed@tscg.com.
Texas Alamo Heights – Cambridge Place Shopping Center, located along Broadway, has a Dealmakers Magazine | www.dealmakers.net
space place Texas
Texas
Texas
space of 963 sq.ft. available. Cotenants include Paloma Blanca, Mistique and Bella Bridesmaid. San Antonio – Huebner Commons, located at the intersection of Huebner Road and Vance Jackson, has a space of 1,260 sq.ft. available. Cotenants include Orange Leaf, Domino’s, KoKo Fit Club and Salons by JC. For more information regarding Cambridge Place Shopping Center, contact Dick McCaleb, RFM Commercial, Inc., 210-8260036 Ext. 23; Email: dick@rfmcommercial.com. For more information regarding Huebner Commons, contact Beverly Barshop, 210-826-0036 Ext. 29; Email: beverly@rfmcommercial.com.
Plano – Royal Plaza, located at the intersection of US Highway 75 and Parker Road, has anchor spaces from 30,000 sq.ft. to 90,000 sq.ft. available, along with three pad sites. Cotenants include Kohl’s, buy buy Baby, Best Buy, In N’ Out Burger and Rooms to Go. Area demographics include a population of 294,777 within five miles earning $99,242 as the average household income. For more information, contact Steve Williamson, Transwestern Retail Services Group, 5001 Spring Valley Road, Suite
400W, Dallas, TX 75244; 972-774-2511; Email: steve.williamson@transwestern.net; Web site: www.transwestern.net. Waco – Woodway Plaza, located at the intersection of Hewitt Drive and Imperial Drive, has spaces from 1,450 sq.ft. to 3,390 sq.ft. available. Area retailers include Walmart Supercenter, HEB Plus, Starbucks, McDonald’s, Taco Bell, CVS, McDonald’s, Auto Zone and Walgreens. Area demographics include a population of (continued on page thirty)
Austin – Sunset Valley Marketfair, a 213,768 sq.ft. center located at the intersection of Brodie Lane and US Highway 290, has a space of 1,400 sq.ft. available. Cotenants include Ross Dress for Less, Office Max, Bed Bath & Beyond, T.J. Maxx, Pier 1 Imports, buy buy Baby, Subway and Chipotle. Area demographics include a population of 237,146 within five miles earning $78,176 as the average household income. For more information, contact John Carter, Kimco Realty, 3102 Maple Avenue, Suite 620, Dallas, TX 75201; 214-720-0559; Email: jcarter@kimcorealty.com; Web site: www.kimcorealty.com. Pasadena – Crossroads Center, a 134,006 sq.ft. center located at the intersection of Spencer Highway and Red Bluff Road, has spaces from 1,175 sq.ft. to 2,160 sq.ft. available. Cotenants include Kroger, Sears Hardware, GNC, Dots, Rent-A-Center, Pizza Hut, KFC and Leslie Pool Supply. Area demographics include a population of 90,569 within three miles earning $67,224 as the average household income. Plano – Market Plaza, a 162,661 sq.ft. center located at the intersection of West President George Bush Highway and Coit Road, has spaces from 1,700 sq.ft. to 8,493 sq.ft. available. Cotenants include Central Market, McDonald’s, Wells Fargo, Petland and Supercuts. Area demographics include a population of 115,681 within three miles earning $100,258 as the average household income. For more information regarding Crossroads Center, contact John Ginder, Brixmor, 3901 Bellaire Boulevard, Houston, TX 77025; 713-660-4363; Email: john.ginder@brixmor.com; Web site: www.brixmor.com. For more information regarding Market Plaza, contact Michael Watson, 3333 Preston Road, Suite 1400, Frisco, TX 75034; 214-618-6521; Email: michael.watson@brixmor.com. Dealmakers Magazine | www.dealmakers.net
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space place Texas
Virginia
(continued from page twenty-nine)
80,230 within five miles earning $67,183 as the average household income. The asking rent is $18 psf NNN. For more information, contact TJ Powell or Tucker Francis, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin, TX 78731; 512-474-5557; Emails: tj@retailsolutions.us and tucker@retailsolutions.us; Web site: www.retailsolutions.us.
Virginia Arlington – Virginia Square Plaza, a 160,000 sq.ft. building located along Fairfax Drive, has retail spaces from 1,500 sq.ft. to 2,000 sq.ft. available. Cotenants include Cosi, Buzz, Sweet Green, 7-Eleven and Starbucks. Area demographics include a population of 42,658 within one mile earning $137,139 as the median household income. The average daily traffic count is 19,000 vehicles. For more information, contact George Galloway or Matt Bly, Next Realty, 703-4424500; Emails: ggalloway@nextrealty.com and mbly@nextrealty.com.
Virginia
Richmond – A 25,600 sq.ft. space is available at the intersection of West Broad Street and Glenside Drive. Area demographics include a population of 217,697 within five miles earning $75,952 as the average household income. The average daily traffic count is 37,000 vehicles. Virginia Beach – Sandbridge Marketplace, located at the intersection of Sandbridge Road and Princess Anne Road, has a space of 8,500 sq.ft. available. Cotenants include Food Lion. Area retailers include Anytime Fitness, Target, Walmart, The Home Depot, Dollar Tree, Starbucks and Buffalo Wild Wings. Area demographics include a population of 43,855 within three miles earning $84,303 as the average household income. The asking rent is $12 psf NNN. For more information regarding the Richmond property, contact Read Goode, Jr. or James Gresock, S.L. Nusbaum Realty Co., 9211 Forest Hill Avenue, Suite 110, Richmond, VA 23235; 804-320-7600 Ext. 1315/1312; Emails: rgoode@slnusbaum.com and jgresock@slnusbaum.com; Web site: www,slnusbaum.com. For more information regarding Sandbridge Marketplace, contact
Michael Zarpas, 757-640-2235; mzarpas@slnusbaum.com.
Email:
Vienna – A 10,000 sq.ft. space is available along Leesburg Pike. The average daily traffic count is 68,000 vehicles. For more information, contact Guy Silverman, Streetsense, 240-479-7192; Email: gsilverman@streetsense.com; Web site: www.streetsense.com. Vinton – Lake Drive Plaza, a 163,090 sq.ft. center located at the intersection of Hardy Road and Clearview Drive, has spaces of 1,085 sq.ft. and 1,800 sq.ft. available, along with a pad site. Cotenants include Kroger, Big Lots, Dollar Tree, Goodwill, GNC, Show Shoe, Verizon Wireless, Subway and Cost Cutters. Area demographics include a population of 90,755 within five miles earning $53,243 as the average household income. For more information, contact Ron McGehee, Brixmor, 3440 Preston Ridge Road, Building 4, Suite 425, Alpharetta, GA 30005; 513-341-1317; Email: ron.mcgehee@brixmor.com; Web site: www.brixmor.com. DM
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P.O. Box 2630 | Mercerville, NJ 08690 | 1-800-732-5856 | Fax 609-587-3511 | www.dealmakers.net Page 30 | October 4, 2013
Dealmakers Magazine | www.dealmakers.net
Mixed-Use Office
Retail
Medical Multi-Family
Quincy Mall Quincy, IL
The Levee District East Peoria, IL Grand Prairie Developments Peoria, IL
Streets of St. Charles Metro St. Louis, MO
Experience. Strength. Stability. Build on our Experience and Reputation For more than 20 years, Cullinan Properties, Ltd. has been a leading provider of commercial and mixed-use real estate services. We’ve built our reputation on strong relationships and successful projects, and although the market has changed our commitment to excellence remains the same. Let us show you how we turn real estate plans into reality with almost $1 billion in successful real estate projects completed to date.
VISIT US AT BOOTH 511 DURING ICSC CHICAGO DEAL MAKING OCTOBER 2 & 3, 2013
309.999.1700 | CHICAGO, IL | PEORIA, IL | ST. LOUIS, MO | www.cullinanproperties.com
Create Your Next Opportunity Connect with DLC to learn about these featured leasing availabilities and others in our Midwest portfolio!
VISIT US AT THE ICSC CHICAGO DEAL MAKING CONFE RENCE : BOOTH 1004
Northland Plaza
University Place
DeKalb, IL
Carbondale, IL
1,232 SF - 10,002 SF Available
1,585 SF - 9,000 SF Available
Join JCPenney, Ross Dress for Less, Bed Bath & Beyond & Carson Pirie Scott.
Join Best Buy, TJ Maxx, PetCo, Party City & Dollar Tree.
2013 Population: (3 mi) 43,259 | Avg. Income: (3 mi) $63,345
2013 Population: (3 mi) 23,938 | Avg. Income: (3 mi) $36,688
Coral Plaza
Wing Park Shopping Center
Oak Lawn, IL
Elgin, IL
1,200 SF - 5,000 SF Available
500 SF - 4,420 SF Available
Join NovaCare, FedEx Office, & Charter Fitness.
Join Walgreens, Family Dollar, Safelite Auto Glass & Little Caesers.
2013 Population: (3 mi) 184,528 | Avg. Income: (3 mi) $70,541
2013 Population: (3 mi) 87,619 | Avg. Income: (3 mi) $68,159
114 Shopping Centers : 31 States : 16.7 Million SF Midwest Office : 1315 W. 22nd Street : Oak Brook, IL 60523 : 630.571.6450 : dlcmgmt.com