Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XLIII
November 8, 2013
FEATURING home-related Chains Expand Nationwide Tuesday Morning operates 822 locations nationwide. The stores, offering home décor items, furniture, kitchen, bed and bath products, electronics, luggage, pet supplies and seasonal items, occupy spaces of 12,500 sq.ft. in freestanding locations and entertainment, lifestyle, power, strip, tourist and value centers, as well as urban/downtown areas. Growth opportunities are sought throughout AL, AR, FL, GA, LA, MS, OK, TN and TX during the coming 18 months. Typical leases run five years with three, five-year options. A vanilla shell is preferred. Preferred demographics include a population of 175,000 within five miles. Preferred cotenants include soft goods retailers. The company requires sites with at least 50 dedicated parking spaces. For more information, contact Addie Stringer, Tuesday Morning, 6250 LBJ Freeway, Dallas, TX 75240; 800-457-0099 Ext. 7409; Email: astringer@tuesdaymorning.com; Web site: www.tuesdaymorning.com. Fuller & Son Hardware trades as Fuller & Son Hardware & Lumber at five locations in Little Rock, AR. The lumber yards prefer to occupy spaces of up to 10,000 sq.ft. in strip centers. Growth opportunities are sought throughout AR during the coming 18 months. For more information, contact Bobby Fuller, Fuller & Son Hardware, 7311 Baseline Road, Little Rock, AR 72209; 501-562-2345, Fax 501562-2271; Web site: www.fullerandson.com.
Ashley Furniture Industries, Inc. trades as Ashley Furniture HomeStore at 400 locations nationwide. The stores, offering living room, dining room, bedroom and office furniture, as well as home accents, occupy spaces of 35,000 sq.ft. in freestanding locations and inline spaces and endcaps of power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include national and regional retailers. For more information, contact Gary Colby, Ashley Furniture Industries, Inc., 1 Ashley Way, Arcadia, WI 54612; 608-323-3377; Email: gcolby@ashleyfurniture.com; Web site: www.ashleyfurniture.com. Ethan Allen Global, Inc. trades as Ethan Allen at 300 locations nationwide and internationally. The stores, offering home furnishings and accents, occupy freestanding locations, lifestyle and specialty centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years with options. Preferred cotenants include high-end retailers. Preferred demographics include 75,000 households earning $75,000 as the average household income. For more information, contact Ann Zaccaria, Ethan Allen Global, Inc., Ethan Allen Drive, Danbury, CT 06811; 203-743-8423, Fax 203743-8589; Web site: www.ethanallen.com. (continued on page twelve)
This issue contains information on: • Retailers operating 9,890 locations with plans to open 1,168 sites • Real estate valued in excess of $376 million to be bought, sold & financed • Leasing activity on over 2.7 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
icsc texas conference New Construction The Weitzman Group preleasing West Plano Village in TX............ Pg. 4 Buyers and Sellers Marcus & Millichap brokers the $24 million sale of a shopping center in NC............................... Pg. 5 Observations & Conversations.... Pg. 6 Food Chains Expand Dixie Lee Chicken and Seafood on a national rollout................... Pg. 7 CHUY’s wants more of TX.......... Pg. 10 Who’s Opening and Where Shake Shack to enter the TX market........................................ Pg. 8 Sources of Financing Savills, LLC negotiated $218 in financing for a mixed-use project in NJ........................................... Pg. 9 Exclusives CBRE to prelease mixed-use site in Ft. Lauderdale......................... Pg. 10 Lease Signings The Weitzman Group inks deals with Gander Mountain, Planet Fitness and Charlotte Russe in TX.............................................. Pg. 11 Lead Sheet Lush Fresh Handmade Cosmetics to open 45 stores........................ Pg. 13 Omega Sports to enter SC and VA.............................................. Pg. 16 Space Place................................ Pg. 18
18+ million square feet ARIZONA Mesa Kohl’s McKellips Road & Recker Road 95,279 SF GLA Part of Falcon View Plaza w/ Fry’s
KENTUCKY Ashland Russell Centre Route 23 & Diederich Blvd. Lowe’s, Super Kroger 272,000 SF GLA / In-line Space & Pad
Phoenix Freestanding Barnes & Noble 1035 N. Metro Pkwy. West & 28th Dr. Adjacent to Metro Center Mall 19,360 SF on 1.48 Acres
MARYLAND Hagerstown Long Meadow Shopping Center Potomac Ave. (Route 60) & Northern Ave. CVS, PA Dutch Market 243,000 SF GLA Anchor Space/Pad Available
Tolleson Freestanding Kmart West McDowell Road & North 86th Drive 86,479 SF GLA FLORIDA Fern Park Fern Park Plaza Semoran Blvd. (Hwy. 436) & Hwy. 17/92131,646 SF GLA Aldi, Deals Prime Corner/Junior Box Space Available Fern Park Future Shopping Center 26 Acre Jai Alai Redevelopment Site 6405 Hwy. 17/92 & Fernwood Blvd. near Hwy. 436 153,650 SF GLA
MICHIGAN Southgate Fort St. & Burns Ave. 60,800 SF GLA Freestanding Redevelopment Opportunity MINNESOTA St. Paul Midway Shopping Center University Ave. & Snelling Ave. Rainbow Foods, Office Max, Walgreens 280,353 SF GLA 4.8 Acres Available for Development NEVADA Las Vegas Kmart Plaza E. Sahara Ave. & McLeod Dr. 127,754 SF GLA 10,945 SF Outbldg. Available
Randallstown Brenbrook Plaza Liberty Rd. & Brenbrook Dr. Home Depot 139,000 SF GLA MASSACHUSETTS Billerica Shops at Billerica Boston Rd. (Rte. 3A) & Tower Farm Rd. Kmart, Burlington Coat, Market Basket 275,000 SF GLA / Anchor Space Available
Gainesville Mixed Use – Grocery Store & Student Housing NW 13th St & University Avenue 1.74 Acres 26,000 SF Ground Floor Retail in Proposed 198,000 SF 8-Story Bldg ILLINOIS Downers Grove Marshall’s at The Grove 75th St. & Lemont Rd. 400,000 SF GLA Anchor Space Available 43,264 SF Niles Golf Glen Mart (Outparcel) Golf Rd. & Dee Rd. Up to 12,000 SF Outlot, B-T-S INDIANA Evansville Evansville Shopping Center Morgan Ave. & Boeke Rd. Rural King, Dollar General 153,000 SF GLA Indianapolis Pendleton Plaza Pendleton Pike & Shadeland Ave. Rose's Department Store – 134,797 SF GLA Warsaw The Market Place U.S. Hwy. #30 & Water St. JC Penney, Sears, Elder-Beerman, Pier 1 180,000 SF GLA
RDManagement LLC
Milford Kmart Shopping Center Medway St. & Beaver St. @ I-495 Kmart, Dollar Tree 140,470 SF GLA Future Expansion Space Available MICHIGAN Flint Former Kmart Dort Hwy. (Rte. 54) & Atherton Hwy. 92,691 SF GLA Grand Blanc Holly Rd. & I-75 Vacant Land / 22 Acres For Sale Muskegon Muskegon Shopping Center Henry St. & Norton Ave. 187,000 SF GLA Anchor Space Available Port Huron Port Huron Shopping Center Howard St. & 24th St. Big Lots, Save-A-Lot, Family Dollar 118,000 SF GLA Anchor Space & Outlot Available Sandusky Kmart Shopping Center M-19 & Gates Rd. 176,248 SF GLA Anchor Space Available
Kmart at Sunset Plaza 3780 E. Sunset Rd. & S. Sandhill Rd. Kmart 86,479 SF NEW JERSEY Jersey City NEW 235 Orient Ave. ± 15,000 SF on 0.40 Acres Freestanding Redevelopment Opportunity / For Sale Marlton (Evesham) Tri-Towne Plaza Route 70 & Plymouth Dr. 176,519 SF GLA Anchor Space Available Redevelopment Opportunity Mt. Olive Pad Sites Available Adjacent to Foreign Trade Zone Across from Walmart, Sam’s, TJ Maxx Old Bridge A & P Shopping Center Route 9 & Ferry Rd. 64,920 SF GLA 5,300 SF Pad Building
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Parsippany Whole Foods Shopping Center Route 46 (Bloomfield Ave.) & Cherry Hill Rd. Whole Foods Anchor, In-Line & Pads Available Vineland Vineland Marketplace S. Delsea Dr. (Route 47) & College Dr. New Development Anchor Space / Outlots Available Vineland Kmart Plaza Expansion S. Delsea Dr. (Route 47) & Route 55 Kmart, TD Bank Two Parcels: 4.302 & 4.486 Acres
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
200+ retail projects NEW JERSEY Williamstown Williamstown Shopping Center Black Horse Pike (Route 42) & Main St. CVS, Dollar General 85,000 SF GLA Anchor Space Available NEW YORK Cortland Future Development Route 13 & Bennie Road 26 Acres across from Walmart
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Deer Park Kohl’s Plaza Commack Rd. & Grand Blvd. Kohl’s, Super Stop & Shop 182,875 SF GLA Proposed Pad 3,800 SF Glenville/Scotia (Albany) Target Shopping Center Saratoga Rd. (Route 50) & Glenridge Rd. 174,000 SF GLA In-Line Space Available Lake Ronkonkoma Lake Shore Plaza II Portion Rd. (Co. Rd. 16) & Patchogue-Holbrook Rd. Regal Cinemas, Dollar Tree / 94,826 sf GLA Anchor Space Available Latham/Colonie (Albany) Kmart Shopping Center Route 7 & Swatling Rd. 118,863 SF GLA Up to 10,000 SF Outlot Available Monroe/Woodbury Harriman Commons Routes 17 / 6 & Route 32 Wal-Mart, Home Depot, BJ’s, Target 687,716SF GLA Anchor Space & Outlots Available Future Phase III Office or Retail Nanuet Home Depot Plaza Route 59 & Hutton Ave. Home Depot, Staples 250,000 SF GLA/Pad Available Orangetown Orangeburg Commons Route 303 & Palisades Parkway Super Stop & Shop Pads Available Stony Point Stony Ridge Plaza Route 9W & Park Rd. US Post Office 21,212 SF GLA
NEW YORK Water Mill (Southampton) Water Mill Shoppes Montauk Hwy. (Rte. 27) & Station Rd. Vitamin Shoppe, Subway
PENNSYLVANIA Trexlertown Macungie Crossing Shopping Center Hamilton Blvd. (Route 222) & Grange Rd. Future Strip and Pads
OHIO Ashtabula Home Depot Plaza Route 20 (N. Ridge Rd.) & Orchard Rd. 148,440 SF GLA 18,440 SF Expansion & Pad
TENNESSEE Hermitage (Nashville) Freestanding Bldg. adjacent to Jackson’s Courtyard Shopping Center 3445 Lebanon Pike 24,040 sf GLA Redevelopment Opportunity
NEW
NEW
Columbus Great Western Commerce Center North Wilson Rd & Valleyview Dr. at Broad St. Great Western Academy, Restaurant Depot 300,254 SF GLA Mixed Use Commercial Space Holland (Toledo) Dick’s at Spring Meadows Place Airport Hwy. & I-475 Dick’s, Best Buy & Expansion Lima Westgate Shopping Center Allentown Rd. (Rte.81) and Cable Rd. Former Kmart GLA 157,326 SF Redevelopment Opportunity
NEW
Oregon (Toledo) Vacant Land – 4.645 Acres Dustin Rd. & Isaac Street Dr. 1 block south of Navarre Ave. (Rte. 2) & Kmart OREGON Salem Kmart Shopping Center Mission Street S. E. & 25th St. 116,866 SF GLA PENNSYLVANIA Allentown Home Depot Plaza Lehigh St. & Route 78 220,000 SF GLA / 9.82 Acres Available Carlisle Hanover Street (Route 34) & I-81 Home Depot, Chili’s 140,715 SF GLA 10,584 SF Future Expansion/Pad Montgomeryville Five Points Plaza Cowpath / Horsham Rd. at Rte 309 & Rte 202 79,200 SF GLA Anchor Space Available Future Expansion
NEW
NEW Quakertown New Anchor Space at Richland Marketplace Rt. 309 & Pumping Station Road BJ’s Wholesale Club, Target, Best Buy 444,531 SF GLA
RDManagement LLC
Nashville Marketplace at Rivergate Gallatin Pike (Hwy. 31-E) & Twin Hills Drive Trees N Trends, Ryan’s Buffet 111,460 SF GLA
NEW
TEXAS Ft. Worth Westcliff Shopping Center Albertson’s Market, Dollar General Alton Rd. & Biddison St. 133,332 sf GLA UTAH Salt Lake City 410 S. 900 E. & 400 S. Freestanding Office Max New In-line Space & Pad Available VIRGINIA Richmond Food Lion Plaza Rte. 1 (Jefferson Davis Hwy.) & Chippenham Pky. Outlots Available Winchester Freestanding Kmart S. Pleasant Valley Rd. & E. Jubal Early Dr. 88,479 SF GLA WEST VIRGINIA St. Albans St. Albans Center Route 60 & MacCorkle Ave. SW Kmart, Super Kroger, Goody’s, CVS 230,000 SF GLA PUERTO RICO Arecibo Arecibo Towne Center Routes 2 & 22 Future Development Anchor Position & Outlots Available Ponce Reina del Sur; Outlots at Ponce Towne Center II Rtes. #2 & Baramaya Ave. (Rte. 10) @ PR-52 Walmart Supercenter, Home Depot New Development & Pads 525,000 ± SF GLA
Thomas G. Mirandi 212-265-6600 Ext. 239 Email: tmirandi@rdmanagement.com Fax: 212-459-9133
new construction The Weitzman Group is preleasing the initial phase of West Plano Village, a mixeduse project located at the intersection of Dallas North Tollway and Parker Road in West Plano, TX. A 10,500 sq.ft. eatZi’s Market and Bakery will anchor the center, along with office space and a multi-family unit. The company, in partnership with Cencor Realty Services, is also redeveloping Old Orchard Village East, located at the intersection of Old Orchard and Main Street in Lewisville, TX. Plans call for an 85,000 sq.ft. WinCo supermarket to anchor the center. Hancock Fabrics and Tuesday Morning also serve as anchors. For more information, contact The Weitzman Group, 3102 Maple Avenue, Suite 350, Dallas, TX 75201; 214-9540600, Fax 214-953-0866; Web site: www.weitzmangroup.com. Sabre Real Estate Group, LLC is preleasing New Frontier, a mixed-use development located south of Airport Plaza and the entrance to Southern State Parkway in Amityville, NY. A 500-unit apartment complex is proposed adjacent to the site. Area retailers include HomeGoods, Duane Reade, TD Bank, Dunkin’ Donuts and Starbucks. Area demographics include a population of 351,954 within a five-mile radius earning $91,495 as the median household income. For more information, contact Stu Fagen, Russel Helbling or Michael Kearney, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, NY 11530; 516-874-8070 ; Emails: stu@sabreny.com; russel@sabreny.com and michael@sabreny.com; Web site: www.sabreny.com. Atlantic Retail Properties is redeveloping a 105,000 sq.ft. site located at the intersection of Washington Street and State Route 7 in Hollywood, FL. Redevelopment plans
include anchor, junior anchor spaces and outparcels to be available. Area retailers include Target, Publix, JoAnn Fabrics, Home Depot, Save -A-Lot, Pepboys and Aaron’s. Area demographics include a population of 200,000 within a three-mile radius. For more information, contact Dan Lynch or Brent Andrews, Atlantic Retail Properties, 1001 North U.S. Highway One, Suite 600, Jupiter, FL 33477; 561-4276699 Ext. 1011/1016, Fax 561-427-6561; Emails: dlynch@atlanticretail.com and bandrews@atlanticretail.com; Web site: www.atlanticretail.com. Ross Realty Investments is preleasing College Plaza, a proposed strip center located along Davie Road, between Interstate 595 and Nova Drive in Davie, FL. Area draws include Broward College. The site is adjacent to 700 rental units. For more information, contact Bob Sherman or Tom Ross, Ross Realty Investments, 3325 South University Drive, Suite 210, Davie, FL 33328; 954-452-5000 Ext. 214/213; Email: info@ross-realty.com; Web site: www.ross-realty.com. Winick Retail Specialists is preleasing the retail component of Hudson Yards a 13 million sq.ft. mixed-use development located at the intersection of 10th Street and 30th Street in New York, NY. The project will feature retail space at the base of a 34-story, 390-unit residential building. Retail spaces of 1,012 sq.ft.; 1,300 sq.ft., 1,766 sq.ft. and 3,595 sq.ft. are available. For more information, contact Steven E. Baker or Sam Mann, Winick Retail Specialists, 655 Third Avenue, Eighth Floor, New York, NY 10017; 212-792-2636/2635, Fax 212792-2660; Emails: stevenb@winick.com and smann@winick.com; Web site: www.winick.com.
Durhman & Bassett Realty Group, Inc. is preleasing a 10,000 sq.ft. mixed-use building located at the intersection of Northwest Military Highway and Huebner Road in San Antonio, TX. The site is adjacent to a 350-unit apartment complex. Area demographics include a population of 96,338 within a three-mile radius. The average daily traffic count is 12,700 vehicles. The asking rent is $30 psf NNN. For more information, contact Barry Haydon, Durhman & Bassett Realty Group, Inc., 100 East Anderson Lane, Austin, TX 78752; 512-628-5353; Email: D barryhaydon@dbrealty.net. M
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 Research Assistant Krista Kopf • krista@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007
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The Weitzman Group is preleasing the initial phase of West Plano Village, a mixed-use project in West Plano, TX. Page 4 | November 8, 2013
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buyers and sellers Stan Johnson Co. is selling a Whataburger, situated on 1.05 acres at the intersection of Shadow Creek Parkway and Highway 288 in Pearland, TX. The tenant is bound to a 20-year NNN lease featuring rent escalations every five years. Area retailers include Shadow Creek Marketplace, anchored by Kroger. The NOI is $85,000. The asking price is $1.7 million with a Cap rate of 5%. For more information, contact Daniel Herrold, Stan Johnson Co., 6120 South Yale, Suite 813, Tulsa, OK 74136; 918494-2690, Fax 918-494-2692; Email: dherrold@stanjohnsonco.com; Web site: www.stanjohnsonco.com. Utley Properties is selling Northwest Plaza Shopping Center, a 50,900 sq.ft. shopping center located along Northwest Plaza Drive in Senatobia, MS. The property is 86% occupied. Walmart anchors the center and tenants include Hibbett Sports, It’s Fashion Metro, Radio Shack, El Charro Authentic Mexican Restaurant, JC Wig & Beauty Supply, Headlines Hair Salon, Delta Gastro, Sunsations Tanning Salon, Mr. Chen’s Kitchen, Capital Communications, Yo Sweetz! and Snappy Tomato. The NOI is $355,000. The asking price is $4.7 million with a Cap rate of 8.75%. The company is also selling Elmore Commons, an 18,200 sq.ft. neighborhood shopping center situated on 2.7 acres along Church Road East in Southaven, MS. The property is 96% occupied and tenants include Domino’s, TH Nails, State Farm Insurance, Super Tans, Cheers Wine & Spirits, Studio West Salon, Southaven Vision Center and Wadford’s Bar and Grill. The NOI is $276,000. The asking price is $3 million with a Cap rate of 9%. For more information, contact Mark D. Utley, Utley Properties, PO Box 866, Olive Branch, MS 38654; 662-895-0099, Fax 662895-1817; Email: mark@utleyproperties.com; Web site: www.utleyproperties.com. Pyramid Brokerage Co. is selling a 14,438 sq.ft. two-story freestanding former auto parts store located along Delaware Avenue in Tonawanda, NY. Area retailers include The Bon-Ton, Tops Market, Panera Bread and Chipotle. Area demographics include a population of 623,787 within 10 miles earning $54,400 as the average household income. The average daily traffic count is 20,675 vehicles along Delaware Avenue. The asking price is $1.56 million. For more information, contact Arthur Judelsohn, Pyramid Brokerage Co., Inc., 1900 Rand Building, Buffalo, NY 14203; 716-852-7500, Fax 716-852-0890; Email: arthur@pyramidbrokerage.com; Web site: www.pyramidbrokerage.com. Dealmakers Magazine | www.dealmakers.net
Reza Investment Group, Inc. is selling Pavilion at Redlands, a 96,997 sq.ft. shopping center situated on 7.92 acres along West Redlands Boulevard in Redlands, CA. Food 4 Less anchors the center and tenants include Payless ShoeSource, Sally Beauty Supply, Anna’s Linens, Verizon Wireless, Metro PCS, H&R Block, Fantastic Sam’s, Cash America, GameStop and Little Caesar’s. The NOI is $1.322 million. The asking price is $17 million with a Cap rate of 7.8%. The company is also selling University Square, a 40,807 sq.ft. shopping center situated on 3.57 acres at the intersection of Avalon Boulevard and East Albertoni Street in Carson, CA. Tenants include dd’s Discounts, Subway, Panda Express, Fatburger, Ono Hawaiian BBQ and Liberty Tax Services. The NOI is $925,171. The asking price is $14.8 million with a Cap rate of 6.25%. For more information, contact Reza Investment Group, Inc., 18662 MacArthur Blvd., Suite 300, Irvine, CA 92612; 949-8333380, Fax 949-833-3382; Web site: www. rezacompanies.com. Nassimi Realty, LLC is seeking to acquire retail properties of 50,000 sq.ft. throughout NJ, NY and PA, as well as retail properties of 100,000 sq.ft. located throughout the eastern half of the U.S. Suitable properties are located in major metropolitan areas or secondary shopping destinations and priced between $2 million and $100 million. For more information, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: acquisitions@nassimirealty.com; Web site: www.nassimirealty.com.
Cassidy Turley is selling Daniel Village Shopping Center, a 172,438 sq.ft. shopping center situated on 16.06 acres along Wrightsboro Road in Augusta, GA. The property is 66% occupied and anchored by Bi-Lo. Tenants include Great Clips, The UPS Store, Rent-A-Center, Rite Aid and T-Mobile. Area draws include Augusta State University. Area demographics include a population of 6,800 within a one-mile radius earning $68,000 as the average household income. The NOI is $1.648 million. For more information, contact Drew Fleming or Mark Joines, Cassidy Turley; 904-394-2985/404-682-3416; Emails: drew.fleming@cassidyturley.com and mark.joines@cassidyturley.com; Web site: www.cassidyturley.com. Marcus & Millichap Real Estate Investment Services, Inc. negotiated the sale of The Forum, a 105,000 sq.ft. boutique retail center situated on 13.6 acres along Military Cutoff Road in Wilmington, NC. The property was acquired for $24.68 million. The company represented the seller, Swain & Associates, in the transaction. The company is also selling a KFC in Greensboro, NC. The tenant is bound to a 20-year NNN lease. The asking price is $2.049 million with a Cap rate of 6.3%. For more information regarding The Forum, contact Gina Relva, Marcus & Millichap Real Estate Investment Services, Inc.; 925-9531716; Web site: www.marcusmillichap.com. For more information regarding the KFC property, contact Joseph P. Blatner or John A. Glass; 503-200-2029/415-625-2114; Emails: joseph.blatner@marcusmillichap.com and john.glass@marcusmillichap.com. (continued on page nine)
Stan Johnson Co. is selling a Whataburger in Pearland, TX. November 8, 2013 | Page 5
observations and conversations I wanted to strangle him a few times, but I needed the commission.
Ann O’Neal Welcome to The Dealmakers special edition for the ICSC Texas Conference. I lived in Texas for nearly twenty years. Most of it was spent in areas so rural that whenever I told people from Texas that I grew up “in the country” they knew exactly what I meant without even giving them the name of the town. The “country” parts of the state haven’t changed much in the past few decades. But wow, the major metros keep growing. Houston is now the fourth largest city in the United States, while the Dallas - Ft. Worth and Austin - San Antonio markets have grown so much that they’re morphing into their own mini statehood. To give you a perspective on its growth, there are as many people living in the DFW metro area as there are in the entire state of Tennessee and the San Antonio-Austin market has more residents than Oregon. Texas is huge and most tenant reps have no idea what retailing is about beyond its three major markets. I’ve leased sites in rural areas, such as San Angelo and along the Oklahoma border. Trying to get a retailer or a broker to go look at the locations was nearly impossible. More often than not once a retailer’s real estate rep figured out that it would take them all day in the car to get from the airport to the locations, they would decide that the market wasn’t right for them or they needed to postpone the trip. Offering to fly them from site to site in my client’s private jet didn’t work either. I’ve heard similar experiences from other people that have leased centers in smaller markets or areas that aren’t easily accessible by commercial flights. That’s probably the reason why Walmart, Dollar General and Family Dollar own the markets outside of the major metro areas; not many chains take the time to look at a site that’s more than an hour drive from a major airport. I guess it’s better for a retailer to turn down a market that they never visited, rather than take a site that they’ve only seen on Google maps. It always amazes me when a national retailer commits millions of dollars to open a store, yet not one person in its real estate department has in-depth knowledge of the market. National chains have limited human resources as far as putting their real estate folks on the road looking at sites, mainly because it’s more important that they spend the time at corporate headquarters getting brow beaten by Operations or prepping for the next real estate committee meeting. The CEOs of retail chains that tether their real estate people to a desk in the corporate office usually don’t get the site selection process and they don’t seem to have a clue that their new store growth is dependent on tenant reps. IMHO, tenant rep brokers are usually better equipped to make real estate decisions than most of the people they report to in the retailer’s real estate department because they have more experience at projecting store volumes and making deals in their particular market. Often when you do get a retailer to visit sites, they are in a rush to look at ten or more locations in a day. To have really effective site tours, a retailer or their broker should take the attitude that there’s no need to rush and making a few wrong turns actually shows you more about a market than staying on the main roads.
his sit-down lunch was always at noon and dinner at six o’clock. I don’t remember ever showing him potential locations during peak shopping hours or drive times and rarely was there enough time to visit competitors. Most importantly, he never took the time to get lost and gain a better understanding of the market. We often had major debates because his first choice of locations would always be the one that was most visible from the highway no matter if it took driving five miles on service roads to get into the shopping center. I won’t forget a deal where I had a site for him that I knew would be a home run. We drove to the center and he hated it. He wanted to just turn around and go to the next site. On our way to the next site, I made a detour every time I spotted a woman that I could roll down the window and speak to. I would explain that I was from out of town and then ask “Where I should go to buy new clothes?” All of them named the center that he just turned down. I’m not sure if he changed his mind or he was so horrified that I would drive up to random women and ask where they shopped that he agreed to the deal because he just wanted me to stop. I wanted to strangle him a few times, but I needed the commission. The killer was when he complained about a deal that I did for one of his highest producing stores, because the shopping center is located in a pretty scary part of town. I thought it best not to bring up that on the one occasion that he visited the site with me, he must have been too busy replying to email to notice the four police cruisers circling the shopping center’s parking lot nor the drug dealers and prostitutes hanging out across the street. My bet is that someone from Operations or better yet a District Manager told him there was a crime problem on the parking lot, otherwise he would have been none the wiser. On the other hand, a tenant that I represented taught me invaluable lessons about site tours. Sometimes it took a few extra days on the road when we looked at potential sites, because there wasn’t a competitor, supermarket or mom and pop restaurant that he didn’t visit. By the end of our trips, not only had we eaten well, but he also understood the demographics and shopping patterns, plus how many stores the market could handle and what kind of sales volume to expect. This chain’s CEO expected his real estate team to touch the dirt on every new store location and 99% of the time, his stores were winners. His mentality was that a few extra days on the road is a small price to pay when you’re making a twenty-year commitment to a site. I have to wrap it up. Y’all stop by and see us over yonder, we’ll be at Booth #1409 during the ICSC Texas Conference. Happy trails,
A lifetime ago, I represented a tenant that would only look at sites on weekdays. He wanted a scheduled itinerary and the goal was to see as many potential locations as possible in less than a day. However, Page 6 | November 8, 2013
Ann O’Neal, Publisher Dealmakers Magazine | www.dealmakers.net
food chains expand nationwide It’s A Grind Coffee House operates 35 locations nationwide. The coffee shops occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in endcaps and outparcels of neighborhood shopping centers. Growth opportunities are sought throughout Chapel Hill, Durham and Raleigh, NC during the coming 18 months, with representation by Retail Rep. The chain prefers sites with a drive-thru in areas with heavy pedestrian traffic counts. Expansion is franchise driven. Krispy Kreme operates 785 locations nationwide and internationally. The doughnut shops occupy spaces of 3,000 sq.ft. in freestanding locations on outparcels with a drive-thru. Growth opportunities are sought from central to eastern NC during the coming 18 months, with representation by Retail Rep. The company will consider acquiring sites and ground leases for freestanding locations and prefers to locate in areas with high residential and daytime populations. Papa Murphy’s operates 1,370 locations throughout 37 states nationwide, as well as in Canada and internationally. The pizzerias occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in neighborhood centers with a grocery anchor. Growth opportunities are sought throughout NC during the coming 18 months, with representation by Retail Rep. For more information, contact Brian Grabowski, Retail Rep, 240 The Glades, Chapel Hill, NC 27517; 919-674-2000; Email: brian@retail-rep.com; Web site: www.retail-rep.com. Firehook Bakery & Coffeehouse operates 11 locations throughout VA and the Washington, DC metropolitan area. The chain of coffee houses and bakeries occupy spaces of 800 sq.ft. to 1,200 sq.ft in urban/downtown areas. Growth opportunities are sought throughout the Washington, DC metropolitan area during the coming 18 months. For more information, contact Pierre Abushacra, Firehook Bakery & Coffeehouse, 14701C Flint Lee Road, Chantilly, VA 20151-1505; 703-519-3903; Email: pierre@firehookcom; Web site: www.firehook.com. Chilly Ribbons operates one location in Orlando, FL. The frozen yogurt shop occupies spaces of 600 sq.ft. to 1,200 sq.ft. in neighborhood centers and kiosks or food courts of malls. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Rosana Partners. For more information, contact Cyrus Rapinan or Andrew Kim, Rosana Partners, 5095 Murphy Canyon Road, Suite 260, San Diego, CA 92123; 858-952-0400; Email: crapinan@rosanopartners.com; Web site: www.rosanopartners.com. Dealmakers Magazine | www.dealmakers.net
Big Boy International, LLC trades as Bob’s Big Boy at 119 locations throughout CA, IL, MI, OH and ND. The casual dining restaurants occupy spaces of 3,500 sq.ft. to 5,500 sq.ft. in inline spaces and endcaps of shopping centers, as well as freestanding locations. Growth opportunities are sought throughout AL, AZ, CA, FL, GA, IL, LA, MD, MS, NC, NM, PA, SC, TX, VA, WV and WI during the coming 18 months. Preferred demographics include a population of 30,000 within five miles earning $35,000 as the average household income. Preferred average daily traffic counts includes a minimum of 30,000 vehicles. For more information, contact Steve Facione, Big Boy International, LLC, 4199 Marcy Drive, Warren, MI 48091; 586-755-8113, Fax 586-7574737; Email: sfacione@bigboy.com; Web sites: www.bigboy.com and www.bigboyfranchiseopportunity.com. Dixie Lee Capital Corp. trades as Dixie Lee Chicken and Seafood at 55 locations throughout NY, as well as in Canada and internationally. The restaurants occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in malls, strip centers and freestanding locations. Growth opportunities are sought nationwide and in Canada during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Major competitors include KFC. The company is franchising. For more information, contact Joe Murano, Dixie Lee Capital Corp., 559 Princess Street, Kingston, Ontario, Canada K7L 1C8; 613650-5494 Ext. 24, Fax 613-650-5489; Email: murano@dixieleechicken.com; Web site: www.dixieleechicken.com.
Tropical Smoothie Café operates more than 340 locations nationwide. The smoothie shops occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in inline spaces and endcaps of lifestyle and strip centers. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by Miller Walker Retail Real Estate. Pinkberry operates more than 220 locations nationwide and internationally. The frozen yogurt shops occupy spaces of 800 sq.ft. to 2,000 sq.ft. in inline spaces and endcaps of mixed-use and entertainment centers, as well as malls and urban areas. Plans call for six openings throughout MD, VA and Washington, DC during the coming 18 months, with representation by Miller Walker Retail Real Estate. Gordon Biersch operates 41 locations throughout 18 states nationwide. The bar/restaurants occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in specialty and entertainment centers, as well as urban/downtown areas. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by Miller Walker Retail Real Estate. The company is seeking sites with high ceilings, high visibility, easy loading access and ample parking. For more information regarding Tropical Smoothie, contact Alex Walker, Miller Walker Retail Real Estate, 2715 M Street Northwest, Suite 200, Washington, DC 20007; 202-3330303; Email: alex@millerwalker.com; Web site: www.tropicalsmoothie.com. For more information regarding Pinkberry or Gordon Biersch, contact Alex Walker or Bill Miller: Email: bill@millerwalker.com. (continued on page ten)
Bob’s Big Boy is seeking growth opportunities throughout AL, AZ, CA, FL, GA, IL, LA, MD, MS, NC, NM, PA, SC, TX, VA, WV and WI during the coming 18 months. November 8, 2013 | Page 7
who’s opening and where Whole Foods Market, Inc. (512-477-4455) is planning to open a 45,000 sq.ft. Whole Foods Market supermarket, located at the intersection of Saunders Road and Townline Road in Lake Forest, IL during 2015. It will be the company’s fifth location in the northern Chicago, IL metropolitan area. The chain, offering organic and natural food items, currently operates more than 355 specialty supermarkets nationwide, as well as in Canada and the United Kingdom. Sweetgreen (202-547-9338) is planning to open a location along Walnut Street in Philadelphia, PA during spring 2014. The restaurants, specializing in organic foods, currently operate two locations in the city, as well as units throughout Boston, MA; MD, New York, NY and VA. Publix Super Markets, Inc. (863-680-5371) is planning to open a 45,000 sq.ft. Publix supermarket at the intersection of John Sims Parkway and Rock Bayou Drive in Niceville, FL during 2014. The company is also slated to open a Publix grocery store at the site of a former Bi-Lo store in Lake Wylie, SC during late 2015. The chain currently operates more than 1,073 supermarkets throughout AL, FL, GA, SC and TN. Wintzell’s Oyster House (251) 438-4700) is planning to open a restaurant along Interstate 65 in Greenville, AL during summer 2014. The company currently operates 12 locations throughout AL, MS, PA and TN. Costco Wholesale Corp. (425-313-8100) is planning to open 36 Costco stores by October 2014, of which half will be international locations.
Shake Shack (212-889-6600) is planning to open a restaurant at the Lamar Union retail development in Austin, TX during late 2014. The company will join Alamo Drafthouse at the site and will be the first location in the state. The casual dining restaurants, offering burgers, hot dogs and fries, currently operate locations throughout CT, FL, Boston, MA; Philadelphia, PA and Washington, DC, as well as internationally. BPS Direct, LLC (800-227-7776) is planning to open a 150,000 sq.ft. Bass Pro Shops located at the intersection of Interstate 75 and Union Center Boulevard in West Chester, OH during 2015. The store will feature a 10,000 sq.ft. Uncle Buck’s Fishbowl and Grill restaurant and bowling alley. The chain, offering hunting, fishing and camping gear, outdoor apparel and accessories, currently operates more than 60 locations nationwide and in Canada. Wal-Mart Stores, Inc. (479-273-4000) is planning to open a Sam’s Club along 44th Avenue in Moline, IL during July 2014. The company, offering general merchandise, groceries, health and beauty items and electronics, trades as Walmart, Walmart Supercenter and Walmart Neighborhood Market and currently operates more than 9,000 locations nationwide and internationally, including 380 locations throughout Canada. Glory Days Grill (877-504-5679) is planning to open a 5,500 sq.ft. restaurant at the site of a former Blockbuster Video store along Northpoint Village in Reston, VA during summer 2014. The restaurant will be the company’s 15th location in the state.
Dick’s Sporting Goods, Inc. (724-2733400) is planning to open a 50,000 sq.ft. freestanding Dick’s Sporting Goods store at the site of a former Toys “R” Us at Fashion Square Mall in Orlando, FL. The company is also planning to open a Field & Stream store at the site of a former Walmart in Big Flats, NY. 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. American Girl, LLC (608-836-4848) is planning to open a 12,000 sq.ft. American Girl store at SouthPark mall, a 1.6 million sq.ft. mall located in Charlotte, NC. It will be the company’s first store in the Carolinas and is slated to open during fall 2014. The company, offering dolls and accessories, as well as apparel and books, operates 17 locations nationwide. BurgerFi (561-844-5528) is planning to open a restaurant at Park Place, located along Ash Street in Leawood, KS during February 2014. The company, based in FL, currently operates 31 locations. LM Restaurants Hospitality Management (919-951-0858) is planning to open a Carolina Ale House restaurant, located along Glenwood Avenue in Raleigh, NC during fall 2014. Other retailers opening in the area include Brew at Seaboard Station during spring 2014. The company currently operates locations throughout GA, FL, NC, SC and TX. Burch’s Shoes, Inc. (541-683-4115) is planning to open a 10,000 sq.ft. Burch’s Shoes outlet store in Eugene, OR during March 2014. The company currently operates one location in Eugene, OR. Gordmans Stores, Inc. (402-691-4000) is planning to open a 50,000 sq.ft. Gordmans store at RiverTown Crossings mall in Grand Rapids, MI. The chain of department stores operates more than 90 locations throughout 19 states. Andiamo Restaurant Group (586-268-3200) is planning to open a Rojo restaurant at the site of a former Max and Erma’s along East Merrill Street in Birmingham, AL during 2014. The company currently operates four locations throughout the southeastern region of the U.S.
Shake Shack is planning to open a restaurant at the Lamar Union retail development in Austin, TX during late 2014. Page 8 | November 8, 2013
Price Chopper Supermarkets, Inc. (800-6667667) is planning to open a 30,500 sq.ft. Price Chopper supermarket along Prosser Road in Lake George, NY during summer 2014. DM Dealmakers Magazine | www.dealmakers.net
buyers and sellers (continued from page five)
Transwestern is selling Gerry Centennial Plaza, a 153,343 sq.ft. center located at the intersection of Douglas Road and U.S. Route 34 in Oswego, IL. The property is 97% occupied and anchored by Bed Bath & Beyond, Michaels, Old Navy and Ross Dress for Less. Area retailers include Walmart, Best Buy, Meijer, Target, T.J. Maxx, Kohls, JCPenney and Dick’s Sporting Goods. Area demographics include a population of 183,250 within five miles earning $193,235 as the median household income. The average daily traffic count is 28,000 vehicles. For more information, contact Paul Barile or Janice Sellis, Transwestern, 200 West Madison, Suite 3300, Chicago, IL 60606; 312-881-7020/7024; Email: paul.barile@transwestern.net and janice.sellis@transwestern.net; Web site: www.transwestern.net. Jones Lang LaSalle is selling Poinciana Place, a 107,138 sq.ft. shopping center located along Vineland Road in Kissimmee, FL. The property is 93% occupied and anchored by Publix. Area retail includes Super Target and Walmart Supercenter. Area demographics include a trade-area population of 103,028. Area draws include Walt Disney World. The average daily traffic count is 79,500 vehicles. The NOI is $950,581. For more information, contact Carson Good or Leila Hunter, Jones Lang LaSalle, 200 South Orange Avenue, Suite 1400, Orlando, FL 32801; 407-982-8677/8624; Emails: carson.good@am.jll.com and leila.hunter@am.jll.com. Linear Retail Properties is seeking to acquire strip centers, urban retail, freestanding buildings and retail condominiums throughout eastern MA, inside of Route 128, southern NH and RI. Suitable properties have GLAs ranging from 5,000 sq.ft. to 125,000 sq.ft. and priced between $2 million and $50 million. For more information, contact Aubrey Cannuscio or Jim Clifford, Linear Retail Properties, Five Burlington Woods Drive, Suite 107, Burlington, MA 01803; 781-2023545/3540; Emails: aubrey@linearretail.com and jclifford@linearretail.com; Web site: www.linearretail.com. The Weitzman Group negotiated the sale of a Dollar General in Temple, TX. The company represented the seller in the transaction. For more information, contact Ian Pierce, The Weitzman Group, 3102 Maple Avenue, Suite 350, Dallas, TX 75201; 214-954-0600, Fax 214-953-0866; Email: ipierce@weitzmangroup.com. Dealmakers Magazine | www.dealmakers.net
Divaris Real Estate, Inc. is selling the following properties throughout NC: a 23.34-acre land parcel, including a 27,990 sq.ft. retail space, located at the intersection of Highway 160 and Shopton Road in Charlotte, with an asking price of $6.6 million; a 13.48-acre land parcel located at the intersection of NC Route 98 and Jones Dairy Road in Wake Forest, priced at $3.885 million; a 9.29-acre land parcel located along Old Stage Road in Garner, priced at $1.049 million and a 10-acre parcel located at the intersection of Highway 17 and NC Highway 211 in Supply, with an asking price of $999,000. For more information, contact Taylor Rowan, Divaris Real Estate, Inc., 2101 Rexford Road, Suite 330E, Charlotte, NC 28211; 980-819-0091; Email: trowan@divaris.com; Web site: www.divaris.com. The Mansour Group negotiated the sale of a Chipotle, located in the South Loop neighborhood of Chicago, IL. For more information, contact Alvin Mansour, The Mansour Group, 9255 Towne Centre Drive, San Diego, CA 92121; 858373-3184; Email: info@themansourgroup.com. The Greysteel Co. is selling Arundel Village, a 54,480 sq.ft. shopping center located along Route 2/Ritchie Highway in Brooklyn Park, MD. The property is 88% occupied and tenants include Taco Bell, Yum! Brands, Domino’s, The Medicine Shoppe and Valvoline Instant Oil Change. Area demographics include a population of 204,000 within a five-mile radius. The average daily traffic count is 41,000 vehicles. For more information, contact Gil A. Neuman or Aaron Loeb, The Greysteel Co., 7735 Old Georgetown Road, Suite 301, Bethesda, MD 20814; 202-499-4077/202688-2464; Web site: www.greysteel.com. Matysek Investment Group is selling a Payless Foods, located at the intersection of Mercer Street and Laurel Canyon Boulevard in Pacoima, CA. The tenant is bound to a seven-year NNN lease. Area retailers include McDonald’s, KFC, Pizza Hut, Long John Silver’s, Popeyes and Jack-in-the-Box. The asking price is $4.495 million with a Cap rate of 6.67%. For more information, contact Paul Z. Matysek or Keith W. Cohen, Matysek Investment Group, 23670 Hawthorne Boulevard, Suite 100, Torrance, CA 90505; 310-405-0902/6401; Emails: paul@matysekinvestment.com and keith@matysekinvestment.com; Web site: www.matysekinvestment.com. DM
real estate professionals making the news
SRS Real Estate Partners (214-560-3215) opened an office in Birmingham, AL and hired Martin Smith as senior vice president and co-market leader. Prior to joining the company, Smith served as director of brokerage at Retail Specialists, Inc. The company specializes in brokerage, corporate, development, investment and management services. Franklin Street Real Estate (786-253-0931) hired Andrew Kiernan as director of captive services at the company’s Miami, FL office. In his new role, Kiernan will help owners of commercial real estate complete risk management insurance programs. Prior to joining the company, Kiernan served as area vice president at Arthur J. Gallagher Risk Management Services, Inc. Stirling Properties (251-706-6457) recently opened a new office in Mobile, AL. It will be the company’s first office in the state. The company specializes in development, commercial brokerage, property and asset management, investment sales, property owner and tenant representation services. Rock Commercial Real Estate (717-8545357) hired David L. Cross as president of management services. DM
sources of financing CBRE/New England Debt & Equity Finance negotiated $35.6 million in financing for BJ’s Plaza, a 131,324 sq.ft. shopping center located along Federal Road in Brookfield, CT. The loan was provided by Webster Bank. The company specializes in capital solutions and investment sales. For more information, contact Taidgh McClory, CBRE/New England Debt & Equity Finance; 617-912-7085; Email: taidgh. mcclory@cbre-ne.com. Savills, LLC, on behalf of Tucker Development Corp., negotiated $218 million in financing for the development of Hudson Lights at Fort Lee, a 517,000 sq.ft. mixed-use project located in Ft. Lee, NJ. As part of the loan, Santander Bank provided $117 million. The company specializes in debt and equity placement, note sales, investment sales, cross-border investment, advisory and asset management services. For more information, contact Savills, LLC, 599 Lexington Avenue, 36th Floor, New York, NY 10022; 212-328-3977; Web site: D www.savills.us. M November 8, 2013 | Page 9
exclusives and leasing assignments CBRE (305-428-6373) was appointed as the exclusive leasing agent for Flagler Village, a mixed-use development located along North Federal Highway in Ft. Lauderdale, FL. The property features a 382-unit residential component and a 22,476 sq.ft. retail component and is slated to open during the third quarter of 2014. NGKF Capital Market (610-879-4503) has been appointed as the exclusive sales broker for Pennsburg Shopping Center, an 119,325 sq.ft. shopping center situated on 13.28 acres along Pottstown Avenue in Pennsburg, PA. The property is 96% occupied and tenants include Weis Market, Ace Hardware, Pizza Como, YMCA and Quakertown National Bank. The average daily traffic count is 11,000 vehicles. The annual NOI is $735,000. Cushman & Wakefield (617-204-4150) has been appointed as the exclusive sales broker for Lincoln Mall, a 447,191 sq.ft. regional shopping center located in Lincoln, RI. Stop & Shop anchors the center. Calkain Cos. (703-787-4725) has been appointed as the exclusive sales broker for a CVS ground-lease in Tysons Corner, VA. DM
food chains expand nationwide (continued from page seven)
Hibachi Grill & Supreme Buffet operates more than 30 locations throughout the eastern region of the U.S. The restaurants occupy 9,000 sq.ft. to 20,000 sq.ft. in second-generation spaces of shopping centers. Growth opportunities are sought throughout the New York, NY metropolitan area during the coming 18 months, with representation by Mason Asset Management, Inc. For more information, contact Igal Nassim, Mason Asset Management, Inc., 747 Middle Neck Road, Suite 101, Great Neck, NY 11024; 516-371-5858; Email: igal@masonam.com. CHUY’S Opco, Inc. trades as CHUY’S at 46 locations throughout AL, AR, FL, GA, IN, KY, OH, OK, NC, SC, TN, TX and VA. The Mexican restaurants occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in endcaps of shopping center and freestanding locations. Growth opportunities are sought throughout AL, AR, FL, GA, IN, KS, KY, LA, MO, NC, OK, SC, TN, TX and VA during the coming 18 months. Typical leases run 15 to 20 years with three, five-year options. For more information, contact Michael Hatcher, CHUY’S Opco, Inc., 1623 Toomey
Road, Austin, TX 78704; 512-473-2783, Fax 512-473-8684; Email: mhatcher@chuys.com; Web site: www.chuys.com. Zoup! operates 61 locations throughout CO, CT, DE, IA, IL, IN, KY, MA, MI, MO, NY, OH, PA, VA and Washington, DC, as well as in Ontario, Canada. The restaurants, offering soups and sandwiches, occupy spaces of 2,500 sq.ft. in endcaps and inline spaces of specialty and power centers, as well as freestanding locations. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. For more information, contact Andrea Phelps, Paraclete Realty, 111 Cameron Parke Place, Suite 100, Alexandria, VA 22304; 301-536-7900/443-632-7464; Email: andrea@paracleterealty.com; Web D site: www.paracleterealty.com. M
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lease signings Zell Commercial Real Estate Services, Inc. (602-248-0600) negotiated the following leases throughout AZ: with Il Primo Pizza for 2,570 sq.ft. at Glendale Palms Shopping Center, located at the intersection of 67th Avenue and Bell Road in Glendale, with Donna Reece and Dena Zell representing the landlord and Chip Diamond of Diamond Properties, Inc. representing the tenant in the transaction; with OrangeTheory Fitness for 3,082 sq.ft. and with H&R Block for 1,500 sq.ft at Chandler Heights Marketplace Shopping Center, located at the intersection of Chandler Heights Boulevard and Gilbert Road in Chandler, with Bryan Ledbetter representing the landlord and Billy Sunkenberg of The Upland Group representing the tenant in the OrangeTheory Fitness transaction and Patrick Sheahan of Berry & Doyle, LLC representing the tenant in the H&R Block transaction; with Filiberto’s Mexican Restaurant for 2,000 sq.ft. at Maricopa Towne Plaza, located at the intersection of John Wayne Parkway and Hathaway Road in Maricopa, with Bryan Ledbetter representing the landlord in the transaction; with Fogon of Scottsdale for 6,280 sq.ft. at Scottsdale Seville Shopping Center, located at the intersection of Bend Road and Scottsdale Road in Scottsdale; with ProTravel International for 2,142 sq.ft. at La Mirada Shopping Center, located at the intersection of Pinnacle Peak Road and Pima Road in North Scottsdale, with Bryan Ledbetter and Jennifer Eggert representing the landlord in the transaction and with Pure for 3,000 sq.ft. at Harmon Ranch Shopping Center, located at the intersection of Ray Road and Rural Road in Chandler, with Bryan Ledbetter representing the landlord in the transaction. Douglas Elliman’s Retail Group (212-8917000) negotiated a lease with by the way bakery along Broadway, between 90th Street and 91st Street in New York, NY. Faith Hope Consolo, Joseph Aquino and Arthur Maglio represented the tenant and Newmark Grubb Knight Frank represented the landlord in the transaction. Stix Commercial Group (407-902-7746) negotiated a lease with Fallas Discount for 16,875 sq.ft. at Osceola Square Mall, a 400,000 sq.ft. shopping mall in Kissimmee, FL. Robert K. Futterman & Associates (212599-3700) negotiated a lease with Charming Charlie for 15,500 sq.ft. along Fifth Avenue in Manhattan, NY. Jeremy Ezra, Greg Covey and Jonathan Lapat represented the tenant in the transaction. Dealmakers Magazine | www.dealmakers.net
Royal Properties (914-237-3403) negotiated the following leases throughout NY: a seven-year lease with Miracle Ear for 730 sq.ft. and a 15-year lease with Tiger’s Schulmann’s Mixed Martial Arts for 2,616 sq.ft. at Big V Town Centre, a 242,000 sq.ft. shopping center located along Windsor Highway/Route 32 in Vails Gate; a sevenyear lease with Miracle Ear for 1,500 sq.ft. at Wallkill Plaza in Middletown; a 10year lease with two, five-year options with Dollar General for 10,000 sq.ft. along Main Street in Poughkeepsie, with Scott Meshil representing the landlord and David Lucas of Julius M. Feinblum Real Estate representing the tenant in the transaction; a five-year lease featuring a five-year option with Once Upon a Child for 4,000 sq.ft. at Imperial Plaza, located along Route 9 in Wappingers Falls, with Scott Meshil representing the tenant in the transaction and a 10-year lease with Dutchess Wine Cellar for 2,425 sq.ft. at South Road Square, a 44,000 sq.ft. shopping center located along Route 9 in Poughkeepsie, with Scott Meshil representing both the landlord and the tenant in the transaction. Combined Properties (202-736-2813) negotiated the following leases throughout CA: with Ross Dress for Less for 25,000 sq.ft. and with T-Mobile for 2,185 at Loehmanns Plaza in Reseda; with Goodwill Industries for 14,400 sq.ft. at Mart of Montebello in Montebello; with Unleashed by Petco for 6,625 sq.ft. at Commons at La Verne in La Verne and with Salata for 2,400 sq.ft. at Granada Hills Town Center in Granada. The company also negotiated the following leases throughout VA: with Walgreens for 8,976 sq.ft. at McLean Plaza in McLean; with The Meat House for 3,500 sq.ft. and with European Wax Center for 1,600 sq.ft. at Turnpike Shopping Center in Fairfax; with Coal Fire Pizza for 3,400 sq.ft. and with The Little Gym for 3,300 sq.ft. at Rolling Valley Mall in Burke; with 88 China Restaurant for 2,750 sq.ft. at Chantilly Plaza in Chantilly; with Isola di Pace for 2,500 sq.ft. at Courthouse Plaza in Fairfax and with Metro PCS for 1,600 sq.ft. at Manaport Plaza in Manassas. The company also negotiated leases with Chicken Out for 2,700 sq.ft. at College Plaza in Rockville, MD and with Way-Z Hair Salon for 1,200 sq.ft. at Charles County Plaza in Waldorf, MD. The Zall Co. (303-804-5656) negotiated a lease with Sunset Liquors for 1,750 sq.ft. at Sunset Strip, a neighborhood shopping center located along East Arapahoe Road in Littleton, CO, with Kyle Framson representing the tenant and the landlord in the transaction.
The Weitzman Group (214-954-0600) negotiated a lease with Planet Fitness for 22,393 sq.ft. at Valwood Village, located along Valwood Parkway in Dallas, TX. Richard Polishuk of The Weitzman Group represented the landlord and Ben Edelstein with Kenny Dryden Investments represented the tenant in the transaction. The company also negotiated a lease with Charlotte Russe for 4,475 sq.ft. at Golden Triangle Mall in Denton, TX. The company also negotiated a lease with Gander Mountain for 48,814 sq.ft. at Round Rock Crossing, located along IH-35 South in Round Rock, TX. Adam Zimel and Britt Morrison of The Weitzman Group represented the landlord and CBRE represented the tenant in the transaction. The company also negotiated a lease with Pet Supermarket for 6,000 sq.ft. at Fielder Plaza, located along North Fielder Road in Arlington, TX. Steve Gray of The Weitzman Group represented the landlord and Michelle Caplan of The Weitzman Group represented the tenant in the transaction. Venture Commercial (214-725-4315) negotiated the following leases at Preston Creek Shopping Center, located along Preston Road in Plano, TX: with Marketplace Boutiques for 8,289 sq.ft., with Cliff Bogart of Vanguard Commercial Group and Todd Wakefield of Keller Williams representing the tenant in the transaction; with Cristina’s Fine Mexican Restaurants for 3,941 sq.ft., with Paul Vernon of John T. Evans Co. representing the tenant in the transaction; with Christy’s Draperies for 2,325 sq.ft., with Al Paniagua of Swearingen Realty Group, LLC representing the tenant in the transaction and with Uno Due Go for 4,500 sq.ft., with Bryan Cornelius and Charlotte Copper of Venture Commercial representing the tenant in the transaction. The Shopping Center Group (203-216-3005) negotiated a lease with Smashburger for 2,800 sq.ft. located along Marcus Avenue in Long Island, NY. Karalynn Holbrook of Acadia Realty Trust represented the landlord in the transaction. Cassidy Turley (858-625-5299) negotiated a lease with Phenix Salon Suites of Sacramento, LLC for 5,300 sq.ft. at Legado de Ravel, located at the intersection of 16th Street and O Street in Sacramento, CA. Randee Stratton represented the tenant in the transaction. De Rito Partners, Inc. (480-362-5190) negotiated a lease with Toby Keith’s I Love this Bar and Grill for 14,500 sq.ft. at CityCenter, located at the intersection of 56th Street and Deer Valley Road in City North, AZ. DM November 8, 2013 | Page 11
home-related chains expand nationwide (continued from page one)
Lampert Yards, Inc. trades as Lampert Lumber at 32 locations throughout IA, MN, ND, SD and WI. The home improvement stores occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of seven to 10 acres is required. The company prefers to acquire land or existing buildings. For more information, contact Dan Fesler, Lampert Yards, Inc., 1850 Como Avenue, Saint Paul, MN 55108; 651-695-3605, Fax 651-695-3601; Email: dfesler@lampertyards.com; Web site: www.lampertyards.com.
America’s Mattress operates 400 locations nationwide. The mattress stores occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout northwestern NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc. Preferred cotenants include grocery stores. For more information, contact Wayne Kasbar, Silbert Realty & Management Co., Inc., 85A Division Avenue, Millington, NJ 07946; 908-604-6900, Fax 908-604-2030; Email: wkasbar@silbertrealestate.com; Web site: www.silbertrealestate.com.
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Scott Henard Vice President, Acquisitions O: 972.284.0925 C: 972.998.7373 shenard@westfin.com
11440 San Vicente Blvd, Ste 200 | Los Angeles, CA 90049 | www.westfin.com Page 12 | November 8, 2013
W.S. Badcock Corp. trades as Badcock Home Furniture & More at 300 locations throughout AL, FL, GA, MS, NC, SC, TN and VA. The stores, offering furniture, appliances, electronics and floor coverings, occupy spaces of 16,000 sq.ft. to 24,000 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with two, five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include Dollar Tree, Family Dollar, Save-A-Lot, Food Lion, Tractor Supply and Walmart Express. Preferred demographics include a population of 10,000 within two miles earning $35,000 to $75,000 as the average household income. Major competitors include Room To Go, Ashley Furniture HomeStore, Schewels and Farmers Home Furniture. A land area of two to three acres is required for freestanding locations. For more information, contact Scott McCorkle, W.S. Badcock Corp., PO Box 497, Mulberry, FL 33860; 800-2232625, Fax 863-425-7600; Web site: www.badcock.com. Armstrong Garden Center operates 31 locations throughout CA. The nurseries offer garden tools, supplies and accents, pottery items, small flowers and houseplants, as well as related home and garden gifts, occupy spaces of 6,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout northern and southern CA during the coming 18 months. Typical leases run 15 years with two, five year options. A land area of 55,000 sq.ft. is required. For more information, contact Monte Enright, Armstrong Garden Center, 2200 East Route 66, Suite 200, Glendora, CA 917404673; 626-914-1091, Fax 626-336-0257; Web site: www.armstronggarden.com. Aaron’s operates 2,000 locations nationwide and in Canada. The stores, offering the sale and rental of home appliances, electronics, residential and office furniture and related accessories, occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by NREB, LLC. Preferred cotenants include grocery stores. For more information, contact Jeff Gelberman, NREB, LLC, 10319 Westlake Drive, Suite 284, Bethesda, MD 20817; 301-770-8585, Fax 301-770-8591; Email: jeff@nreb.net. DM Dealmakers Magazine | www.dealmakers.net
lead sheet Bizou International, Inc. dba Bizou Dave Kelly 1490 3rd Avenue Sainte-Marie, Quebec, Canada G6E 3T9 418-387-8481, Fax 418-387-8404 Web site: www.bizou.com
Accessories The 110-unit chain operates locations throughout Canada. The stores, offering accessories and jewelry, occupy spaces of 200 sq.ft. to 1,000 sq.ft. in malls, lifestyle centers and urban/ downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run seven to 10 years.
Slyman Bros. & Son Appliances Darlene Slyman 4900 Hampton Avenue St. Louis, MO 63109 314-352-8845, Fax 314-352-6767
Appliances The two-unit chain operates locations throughout MO. The appliance and electronics stores occupy spaces of 2,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Honey Farms, Inc. dba Honey Farms Dave Murdock 505 Pleasant Street Worcester, MA 01609-1821 508-753-7678 Email: dmurdock@hfstores.com Web site: www.myhoneyfarms.com
Convenience The 36-unit chain operates locations throughout MA and NH. The convenience stores occupy spaces of 1,500 sq.ft. to 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of 1.5 acres is required.
Martin & Bayley, Inc. dba Huck’s Convenience Stores Jim Whetstone PO Box 385 / 1311A West Main Street Carmi, IL 62821 618-382-2334, Fax 618-382-8956
Convenience The 115-unit chain operates locations throughout IL, IN, KY, MO and TN. The convenience stores, with gasoline facilities, occupy spaces of 4,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of 1.25 acres is required. The company prefers to acquire sites but will consider leasing.
Mac’s Curb Stores, Inc. dba Mac’s Mini-Mart Billy Carmichael PO Box 66 Laurel, MS 39441 601-428-8440, Fax 601-428-8445
Convenience The five-unit chain operates locations throughout MS. The convenience stores occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to acquire sites.
Lush Fresh Handmade Cosmetics Alyssa Gates 8365 Ontario Street Vancouver, British Columbia, Canada V6P 480-266-1074 Email: agates@lush.com Web site: www.lush.com
Cosmetics The 820-unit chain operates locations nationwide and internationally. The stores, offering organic bath, hair care, facial and body products, occupy spaces of 650 sq.ft. to 1,300 sq.ft. in various retail settings. Plans call for 45 openings nationwide and in Canada during the coming 18 months.
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November 8, 2013 | Page 13
lead sheet Super Beauty Jeff Gelberman c/o NREB, LLC 10319 Westlake Drive, Suite 284 Bethesda, MD 20817 301-770-8587, 301-770-8591 Email: jeff@nreb.net Web site: www.nreb.net
Cosmetics The nine-unit chain operates locations throughout MD and VA. The cosmetics stores occupy spaces of 10,000 sq.ft. to 30,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout Prince George’s County, MD including areas in Alexandria, Annandale, Bowie and Woodbridge during the coming 18 months, with representation by NREB, LLC.
S&M Bargain City, Inc. dba S&M Family Outlet Steve Stoma 4250 North Dowlen Beaumount, TX 77706 409-898-8878, Fax 409-898-1169
Discount The three-unit chain operates locations throughout LA and TX. The stores, offering family apparel, housewares and gift items, occupy spaces of 3,000 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. A vanilla shell is required. Preferred demographics include a trade-area population of 100,000.
Primrose Schools Brian Silbert, Alissa Hodum or William Ray c/o Silbert Realty & Management Co., Inc. 85A Division Avenue / PO Box 406 Millington, NJ 07946 908-604-6900, Fax 908-604-2030
Educational The 245-unit chain operates locations throughout AL, AZ, CO, FL, GA, IL, IN, KS, MA, MN, NC, NE, NJ, NY, OH, OK, PA, TN, TX and VA. The child care learning centers occupy spaces of 11,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout select regions in NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc. The company requires an outdoor area for a playground.
4G Verizon Wireless Gary Morris c/o Morris CRE 17337 Ventura Boulevard, Suite 327 Encino, CA 91316 818-606-2673, Fax 818-883-2673 Email: garymorris@morriscre.com Web site: www.morriscre.com
Electronics The 2,330-unit chain operates locations nationwide. The stores, offering cellular phones and related services and accessories, occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in pad sites of lifestyle, power and neighborhood shopping centers. Growth opportunities are sought throughout CA and Las Vegas, NV during the coming 18 months, with representation by Morris CRE.
PNC Bank Bill Dickinson c/o Rappaport Retail Brokers 8405 Greensboro Drive, Suite 830 McLean, VA 22102-5121 703-310-6983, Fax 571-382-1210 Email: bdickinson@rappaportco.com Web site: www.rappaportco.com
Finance The chain operates locations throughout DE, FL, GA, IL, IN, KY, MD, MI, MO, NJ, NY, OH, PA, TN, VA, WI, WV and Washington, DC. The banks occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in endcaps and pad sites of shopping centers. Growth opportunities are sought throughout Baltimore, MD, VA and Washington, DC during the coming 18 months, with representation by Rappaport Retail Brokers.
City Fitness Andi Pesacov c/o Sierra U.S. 1601 Walnut Street, Suite 501 Philadelphia, PA 19103 215-359-9601 Web site: www.cityfitnessphilly.com
Fitness The two-unit chain operates locations throughout Philadelphia, PA. The fitness centers occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in urban/downtown locations in the city and lifestyle centers and street fronts in suburban areas. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Sierra U.S. The company prefers to locate in areas with high visibility and heavy traffic counts.
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lead sheet Roosters Mens Grooming Center Chris Pamboukian c/o Tetra Partnerships 11450 Baron Cameron Reston, VA 20190 703-796-1800 Ext. 105 Email: chris@tetrapartners.com Web site: www.tetrapartners.com
Hair The 70-unit chain operates locations throughout AL, CA, CO, CT, FL, GA, IL, MA, MD, MI, MN, NC, NJ, NV, OH, RI, SC, TN, TX and Washington, DC. The men’s barber shops occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in shopping centers. Growth opportunities are sought throughout northern VA during the coming 18 months, with representation by Tetra Partnerships. Preferred cotenants include national retailers.
Chain Reaction, Inc. dba CR Jewelers Diamond Outlet Donald Weinburg 4010 Oak Circle Boca Raton, FL 33431 561-338-8411, Fax 561-338-8294 Email: customerservice@crjewelers.com Web site: www.crjewelers.com
Jewelry The eight-unit chain operates locations throughout CA, FL, MD, NJ and VA. The jewelry stores occupy spaces of 800 sq.ft. to 1,200 sq.ft. in malls. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run seven years.
STN Laundry Michael Berke c/o Oxford Real Estate Services Group 388 East Main Street Branford, CT 06045 203-483-2900, Fax 203-483-2999
Laundromat The 20-unit chain operates locations throughout CT, western MA and RI. The laundromats occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout CT and Westchester, NY during the coming 18 months, with representation by Oxford Real Estate Services Group. Typical leases run five years with two, five-year options.
Pet Supplies Plus (franchisee) Brian Grabowski c/o Retail Rep 240 The Glades Chapel Hill, NC 27517 919-674-2000 Email: brian@retail-rep.com Web site: www.retail-rep.com
Pet Supplies The 250-unit chain operates locations nationwide throughout 23 states. The pet supply stores occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in community centers. Growth opportunities are sought throughout central NC during the coming 18 months. Expansion is franchise-driven.
The UPS Store Bruce Pollack c/o First Development Corp. 1328 Motor Parkway Hauppauge, NY 11749 631-234-3200, 631-234-3695 Email: bp@fdcrealty.com
Shipping The 4,300-unit chain operates locations nationwide and internationally. The stores, offering shipping, postal, printing and business services and supplies, occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout Long Island and Queens, NY during the coming 18 months, with representation by First Development Corp. Preferred cotenants include grocery and drug stores. Expansion is franchise-driven.
Takken Enterprises, Inc. dba Takken’s Shoes Gerardo Aguinis or Stuart Zall c/o The Zall Co. 4725 South Monaco Street, Suite 340 Denver, CO 80237 303-804-5656, Fax 303-804-9696 Email: gaguinis@zallcompany.com Web site: www.takkens.com
Shoes The 25-unit chain operates locations throughout CA. The shoe stores occupy spaces of 1,500 sq.ft. in malls and lifestyle centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred cotenants include apparel retailers. Major competitors include The Walking Co.
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November 8, 2013 | Page 15
lead sheet B.J. Alan Co., Inc. dba Phantom Fireworks Patrick Carlon 555 Martin Luther King Jr. Boulevard Youngstown, OH 44502 330-746-1064, Fax 330-746-4410 Email: pcarlon@fireworks.com Web site: www.fireworks.com
Specialty The 54-unit chain operates locations nationwide. The stores, offering fireworks, occupy spaces of 6,000 sq.ft. to 15,000 sq.ft. in freestanding locations. Plans call for four openings throughout FL, IN, KY, ME, MI, NH, PA, SC, TN and WI during the coming 18 months.
Relaxation Spa and Nails Igal Nassim c/o Mason Asset Management, Inc. 747 Middle Neck Road, Suite 101 Great Neck, NY 11024 516-371-5857 Email: igal@masonam.com
Specialty The five-unit chain operates locations throughout NY. The facilities, offering spa services and a nail salon, occupy spaces of 3,000 sq.ft. to 8,000 sq.ft. in regional malls and lifestyle, power and specialty centers. Plans call for five openings throughout Long Island, NY during the coming 18 months, with representation by Mason Asset Management, Inc. Typical leases run 10 years with options. Preferred cotenants include grocery stores. Preferred demographics include a population of 100,000 within three miles earning $70,000 to $90,000 as the average household income.
Omega Sports, Inc. dba Omega Sports Philip Bowman 130 South Walnut Circle Greensboro, NC 27409 336-854-0797 Ext. 3106, Fax 336-299-1043 Email: pbowman@omegasports.net Web site: www.omegasports.net
Sporting Goods The 16-unit chain operates locations throughout NC. The sporting goods stores occupy spaces of 5,500 sq.ft. to 10,000 sq.ft. in lifestyle, power, strip and value centers. Growth opportunities are sought throughout NC, SC and VA during the coming 18 months. Typical leases run five years with options. A vanilla shell and specific improvements are required. Preferred cotenants include Trader Joe’s, Fresh Market, Whole Foods, Marshalls, Old Navy, Target and T.J. Maxx. Preferred demographics include a trade area population earning $50,000 as the average household income.
Lego Brand Retail dba LEGO Justin Tripp 55 Taylor Road Enfield, CT 06082 860-749-2291, Fax 860-763-7746 Email: justin.tripp@lego.com Web site: www.lego.com
Toys The 100-unit chain operates locations nationwide and internationally. The toy stores occupy spaces of 2,000 sq.ft. to 2,600 sq.ft. in various retail settings. Plans call for 15 openings throughout major metropolitan areas nationwide during the coming 18 months.
Costco Wholesale Phil Berry c/o Commercial West Brokerage 2443 East Coast Highway Corona Del Mar, CA 92625 949-723-7300, Fax 949-723-7301 Email: pberry@commercialwest.com Web site: www.commercialwest.com
Wholesale Club The 632-unit chain operates locations nationwide and internationally. The wholesale clubs occupy spaces of 150,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. A land area of 16 acres is required. The company prefers to acquire sites.
The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. Page 16 | November 8, 2013
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space place Arizona
Florida
Illinois
Chandler – Goodyear Plaza, a 19,885 sq.ft. center located along Alma School Road, has spaces from 900 sq.ft. available. Cotenants include Allstate. Area demographics include a population of 394,703 within five miles earning $67,133 as the median household income. The average daily traffic count is 29,800 vehicles. Mesa – Safeway Marketplace, a 94,500 sq.ft. center located at the intersection of Alma School Road and Guadalupe Road, has spaces of 1,033 sq.ft., 1,200 sq.ft., 1,886 sq.ft. and 3,001 sq.ft. available. Cotenants include Safeway Food & Drug and Firestone. Area demographics include a population of 405,696 within five miles earning $64,000 as the average household income. The average daily traffic count is 54,000 vehicles. For more information, contact Michael Pollack, Michael A. Pollack Real Estate Investments, 1136 West Baseline Road, Mesa, AZ 85210; 480-888-0888; Email: map@pollackinvestments.com; Web site: www.pollackinvestments.com.
Doral – Boykin Center, a 100,000 sq.ft. center located at the intersection of 36th Street and 79th Avenue, has spaces of 1,050 sq.ft., 1,500 sq.ft., 2,033 sq.ft. and 3,082 sq.ft. available. Cotenants include Hertz, El Tropico, Taco Bell and Shell Oil. Area demographics include a population of 461,559 within five miles earning $50,819 as the average household income. The average daily traffic count is 70,000 vehicles. The asking rent is $22 to $35 psf NNN. For more information, contact Alexander Espinola, Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305661-0110, Fax 305-661-7803; Email: aespinola@ima-realestate.com; Web site: www.ima-realestate.com.
Buffalo Grove – Buffalo Grove Town Center, a 188,067 sq.ft. center located at the intersection of Lake Cook Road and Route 83, has spaces from 1,060 sq.ft. to 6,078 sq.ft. available. Cotenants include Eskape Family Entertainment, Boston Market, Burger King, Giordano’s, Jimmy John’s, Merle Norman, My Gym and America’s Bread. Area demographics include a population of 231,768 within five miles earning $108,776 as the average household income. For more information, contact Eddie Palacios or Les Kristof, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-5725628/5607; Email: epalacios@edgemarkllc.com; Web site: www.edgemarkllc.com.
Prescott Valley – Prescott Valley Entertainment District, located at the intersection of Main Street and Glassford Hill Road, has spaces from 626 sq.ft. to 2,957 sq.ft. available on two levels, along with a 1,500 sq.ft. pad site. Cotenants include Fuddruckers, Harkins Theaters, Buffalo Wild Wings and Harris Bank. Area demographics include a population of 89,253 within a twenty minute drive time earning $53,188 as the average household income. For more information, contact Fain Signature Group, 3001 Main Street, Suite 2B, Prescott Valley, AZ 86314; 928-7728844; Web site: www.fainsignaturegroup.com.
California San Bernardino – West Side Plaza, a 94,000 sq.ft. center located at the intersection of West Baseline Road and North Medical Center Drive, has spaces from 1,200 sq.ft. to 12,500 sq.ft. available. Cotenants include El Super, Walgreens, Smart & Final, CVS, Goodyear, McDonald’s and 7-Eleven. Area demographics include a population of 161,484 within three miles earning $45,468 as the average household income. The average daily traffic count is 60,000 vehicles. The asking montly rent is $2.25 psf NNN. For more information, contact Manny Bukiet or Yanki Greenspan, Westland Real Estate Group, 6665 Long Beach Boulevard, Long Beach, CA 90805; 877-4397130/310-639-5085, Fax 310-537-8520; Email: mb@westlandreg.com; Web site: www.westlandrealestategroup.com. Page 18 | November 8, 2013
Ocala – College Park Plaza, a 68,127 sq.ft. center located at the intersection of College Road and 32nd Street, has spaces from 2,400 sq.ft. to 6,800 sq.ft. available. Cotenants include Aaron Rents, Rent-A-Center, The Gamer’s Edge, Subway, Domino’s and Royal Orchid. The average daily traffic count is 47,500 vehicles. Winter Haven – Cypress Grove Plaza, an 84,146 sq.ft. center located along Cypress Garden Boulevard, has a space of 900 sq.ft. available, along with a 7,500 sq.ft. outparcel. Cotenants include Gold’s Gym, Dollar General, Metro PCS, H&R Block, Trendsetters, Subway and Domino’s. Area demographics include 36,483 within three miles earning $63,173 as the average household income. The average daily traffic count is 25,500 vehicles. For more information, contact Lenore Reynolds, Bruce Strumpf, Inc., 2120 Drew Street, Clearwater, FL 33765; 727449-2020, Fax 727-449-2212; Email: lenorereynolds@brucestrumpf.com; Web site: www.brucestrumpf.com.
Illinois Belleville – Belleville Market Place, a 59,996 sq.ft. center located along West Main Street between 64th Street and 66th Street, has spaces of 1,400 sq.ft., 4,200 sq.ft. and 35,376 sq.ft. available. Cotenants include Subway, Family Dollar and Shenanigan’s. Area demographics include a population of 41,730 within three miles earning $117,860 as the average household income. The average daily traffic count is 20,125 vehicles. The asking rent is $12 psf. For more information, contact Jeff Eisenberg, Jeff Eisenberg & Associates, 314721-5611; Email: jeff@jeisenberg.com; Web site: www.jeisenberg.com.
Orland Park – Orland Park Plaza, located along South 94th Avenue, has two spaces of 6,140 sq.ft. available, along with a space of 8,000 sq.ft., all of which can be combined. Area retailers include Walmart, Lowe’s, Target, Kohl’s and Costco Wholesale. Area demographics include a population of 176,061 within five miles earning $94,434 as the average household income. For more information, contact Matt Tarshis or Eric Jacobson, Frontline Real Estate Partners, 707 Skokie Bouleard, Suite 580, Northbrook, IL 60062; 847-5429058/890-9599, Fax 847-919-4376; Emails: mtarshis@frontlinerepartners.com and ejacobson@frontlinerepartners.com; Web site: www.frontlinerepartners.com. Vernon Hills – Townline Commons, located at the intersection of Townline Road and Milwaukee Avenue, has two spaces of 2,250 sq.ft. available, along with spaces of 1,830 sq.ft. and 2,392 sq.ft. Cotenants include Petco, Walmart, Supercuts, hhGregg, Party City, Golf Galaxy, Office Max and Athletico. Area demographics include a population of 128,675 within five miles earning $136,877 as the average household income. For more information, contact Mike Streit or April Smith, ARCORE Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-9085702/5703; Emails: mstreit@arcoregrp.com and asmith@arcoregrp.com; Web site: www.arcoregrp.com.
Louisiana Bastrop – Walmart Plaza, located along Mer Rouge Road, has spaces from 1,200 sq.ft. to 4,000 sq.ft. available. Cotenants include Dollar Tree, Cato and rue 21. Dealmakers Magazine | www.dealmakers.net
space place Louisiana
New York
New York
Area demographics include a population of 24,299 within 10 miles earning $43,667 as the average household income. The average daily traffic count is 15,125 vehicles. For more information, contact Toby Davis, Sandor, 10689 North Pennsylvania Street, Suite 100, Indianapolis, IN 46280; 317-5247808; Email: tdavis@sandordev.com; Web site: www.sandordev.com.
East Meadow – A 148,760 sq.ft. center located at the intersection of Newbridge Avenue and Front Street, has a space of 20,550 sq.ft. available. Area demographics include a population of 508,645 within five miles earning $110,108 as the average household income. The average daily traffic count is 30,000 vehicles. For more information, contact Kenneth Schuckman, Schuckman Realty, Inc., 7600 Jericho Turnpike, Woodbury, NY 11797; 516496-8888; Email: ken@schuckmanrealty.com; Web site: www.schuckmanrealty.com.
has a 6,500 sq.ft. restaurant space available, along with a 3,000 sq.ft. bank with a drivethru. Area demographics include a population of 51,974 within five miles earning $75,536 as the median household income. For more information regarding the Lake Grove property, contact Matthew O’Grady or Tom Rettaliata, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 516-933-8880; Emails: mogrady@ripcony.com and trettaliata@ripcony.com; Web site: www.ripcony.com. For more information regarding the site in Westhampton, contact Jeremy Isaacs.
Maryland Columbia – Spaces from 1,500 sq.ft. to 4,500 sq.ft. are available at the intersection of Snowden River Parkway and Carved Stone Road. Area retailers include Starbucks, Three Brother’s, Supreme Sports Club, Brunswick Zone and Harris Teeter. Area demographics include a population of 187,206 within five miles earning $92,496 as the average household income. The median daily traffic count is 42,201 vehicles. For more information, contact Lee Engle, streetsense, 240-479-7207; Email: lengle@streetsense.com; Web site: www.streetsense.com. Frederick – Vista Shops, a 105,309 sq.ft. center located at the intersection of West Patrick Street and Hillcrest Drive, has spaces from 1,500 sq.ft. to 4,100 sq.ft. available. Cotenants include Planet Fitness, Aldi, Deal$, Bank of America and Taco Bell. Area demographics include a population of 104,173 within five miles earning $91,020 as the average household income. For more information, contact Brendan Clark or John Marigliano, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 703-404-2346; Email: bclark@renaudconsulting.net; Web site: www.renaudconsulting.net.
Lake Grove – Spaces from 2,000 sq.ft. to 20,000 sq.ft. are available, along with a 6,500 sq.ft. restaurant pad site, at the intersection of Route 347 and Middle Country Road. Area retailers include Aldi, Panera Bread, Bed Bath & Beyond, Marshalls, Lowe’s and Pep Boys Auto. Area demographics include a population of 213,143 within five miles earning $101,315 as the median household income. The average daily traffic count is 50,000 vehicles. Westhampton – The Hampton Business District at Gabreski, located along Westhampton- Riverhead Road,
Massapequa Park – Spaces of 1,200 sq.ft. and 1,400 sq.ft. are available along Merrick Road. Area retailers include King Kullen, Red Mango, Rite Aid, Capitol One and Chase Bank. Area demographics include a population of 329,703 within five miles earning $96,053 as the median household income. The asking rent is $8 psf. For more information, contact Peter Spanos, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, (continued on page twenty)
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New Jersey Washington Township – Fries Mill Plaza, located at the intersection of Fries Mill Road and Watson Drive, has spaces from 1,500 sq.ft. to 20,000 sq.ft. available. Cotenants include Prudential Fox & Roach and PNC Bank. Area demographics include a population of 60,485 within three miles earning $91,524 as the average household income. The average daily traffic count is 21,518 vehicles. For more information, contact Eric Kuhn or Brian Wherty, Equity Retail Brokers, 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 484-417-2223/2222, Fax 610645-5454; Email: ekuhn@equityretailbrokers.com; Web site: www.equityretailbrokers.com. Dealmakers Magazine | www.dealmakers.net
Join over 118,900 members looking to acquire, sell, lease and finance all types of commercial real estate. We’re the place to list your center’s availabilities and to find that perfect site. No matter the economy, these forums make sense and, best of all, they’re free! Sign up today at www.dealmakerS.net/Free-email-ForumS November 8, 2013 | Page 19
space place New York (continued from page nineteen)
NY 11530; 516-874-8070 Ext. Email: peter@sabreny.com; Web www.sabreny.com.
507; site:
Oklahoma Tulsa – Midtown Village, located along East Skelly Drive, has spaces from 1,200 sq.ft. to 100,000 to be available for future retail expansion. Area retailers include Dilliard’s, AMC, Barnes & Noble, PetSmart and JC Penney. Area demographics include a population of 267,117 within five miles earning $62,005 as the average household income. The average daily traffic count is 93,800 vehicles. For more information, contact Toby Davis, Sandor, 10689 North Pennsylvania Street, Suite 100, Indianapolis, IN 46280; 317-5247808; Email: tdavis@sandordev.com; Web site: www.sandordev.com.
Tennessee Jackson – The Vinings, a 72,357 sq.ft. neighborhood center located at the
Tennessee
Texas
intersection of North Parkway and US Highway 45, has spaces of 4,000 sq.ft. and 10,000 sq.ft. available. Cotenants include T.J. Maxx, It’s Fashion Metro, Dollar Tree and Suits U. Area demographics include a population of 88,684 within ten miles earning $59,428 as the average household income. For more information, contact John Reed or Gary Shanks, The Shopping Center Group, 901-869-2720; Emails: john.reed@tscg.com and gary.shanks@tscg.com.
Area retailers include Red Lobster, Hooters, HEB, Walgreens, Starbucks, Walmart, ChickFil-A and Dollar Tree. Area demographic include a population of 148,176 within five miles earning $49,143 as the average household income. The average daily traffic count is 90,000 vehicles. The asking rent is $9.50 psf. For more information regarding the sites in Arlington, Garland and Highland Village, contact Thad Beckner, Henry S. Miller Brokerage, LLC, 5001 Spring Valley Road, Suite 1100 West, Dallas, TX 75244; 972419-4041, Fax 972-419-6850. For more information regarding the site in Killeen, contact Charlie Roof, 10123 Broadway, San Antonio, TX 78217; 210-883-1310, Fax 210495-8682; Email: croof@henrysmiller.com; Web site: www.henrysmiller.com.
Texas Arlington – A 3,260 sq.ft. former Palm Beach Tan is available at the intersection of Collins Road and Green Oaks Road. The asking rent is $14 psf NNN. Garland – A former tanning salon of 2,030 sq.ft. is available along Broadway Boulevard. Area retailers include Walmart Supercenter. The asking rent is $22 psf NNN. Highland Village – An 8,640 sq.ft. former CVS endcap with drive-thru is available, along with two smaller spaces. Killeen – A 6.6-acre pad site is available along North Side Highway 190.
Bulverde – Creekside of Bulverde, located along State Highway 46, has a space of 4,000 sq.ft. available. Cotenants include Little Caesar’s Pizza, The UPS Store, enJoy Café & Coffee, Sprint, H&R Block, Bulverde Donuts and Pizza Hut. San Antonio – A center located at the intersection of Interstate 35 North
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space place Texas
Texas
Texas
and Loop 1604, has a space of 2,000 sq.ft. available. Cotenants include Regal Cinemas, Hooligan’s, Texas Roadhouse, Buffalo Wild Wings and Sweetwater Hot Tubz. For more information regarding Creekside of Bulverde, contact Dick McCaleb or Mark Bauer, RFM Commercial, Inc., 210-826-0036 Ext. 23/27; Email: dick@rfmcommercial.com. For more information regarding the San Antonio property, contact Beverly Barshop, 210-826-0036 Ext. 29; Email: beverly@rfmcommercial.com.
For more information regarding the sites in Grand Prairie or Greenville, contact Toby Davis, Sandor, 10689 North Pennsylvania Street, Suite 100, Indianapolis, IN 46280; 317-524-7808; Email: tdavis@sandordev.com; Web site: www.sandordev.com. For more information regarding the spaces in Houston, contact Andrew Lau, 5725 North Scottsdale Road, Suite C-195, Scottsdale, AZ 85250; Email: alau@sandordev.com.
Antoine Drive, has a space of 24,154 sq.ft. available. Cotenants include King Dollar and Auto Zone. Area demographics include a population of 349,997 within five miles earning $59,697 as the average household income. For more information, contact James Goldsmith, Gator Investments, 1595 Northeast 163rd Street, North Miami Beach, FL 33162; 877-459-9605; Email: sales@gatorinvestments.com; Web site: www.gatorinvestments.com.
Dallas – Southwest Center Mall, located along West Camp Wisdom Road, has spaces from 840 sq.ft. to 14,000 sq.ft. available. Cotenants include Foot Locker. San Angelo – Sherwood Pointe, located at the intersection of Sherwood Way and West Avenue North, has spaces from 1,200 sq.ft. to 40,000 sq.ft. available. Area retailers include H-E-B, Dollar Tree, Starbuck, Hobby Lobby, Sonic, The Home Depot and Buffalo Wild Wings. Area demographics include a population of 86,093 within five miles earning $51,825 as the average household income. The asking rent is $5 to $16 psf NNN. For more information regarding Southwest Center Mall, contact Taylor Mann, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin TX 78731; 214-3676404; Email: taylor@retailsolutions.us; Web site: www.retailsolutions.us. For more information regarding Sherwood Pointe, contact Taylor Mann or Joe Chung; Email: joe@retailsolutions.us. Grand Prairie – A one acre outlot is available next to a Kohl’s along South Carrier Parkway. Area retailers include The Home Depot, Target, Great Clips and Party City. Area demographics include a population of 222,085 within five miles earning $56,393 as the average household income. The average daily traffic count is 118,000 vehicles. Greenville – Greenville Commons, has spaces from 1,240 sq.ft. to 9,983 sq.ft. available, along with a one acre outlot, along Interstate 30. Area retailers include Staples, Walgreens, Red Lobster, Dollar Tree and Chick-fil-A. Area demographics include a population of 44,313 within 10 miles earning $59,566 as the average household income. The average daily traffic count is 23,768 vehicles. Houston – Huntwick Village, has spaces from 1,365 sq.ft. to 9,298 sq.ft., available along Cypress Creek Parkway. Area retailers include DSW, Old Navy, Big Lots and Petco. Area demographics include a population of 286,843 within five miles earning $79,251 as the average household income. Dealmakers Magazine | www.dealmakers.net
Houston – Antoine Square, located at the intersection of Hardway Street and
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space place Texas (continued from page twenty-one)
Houston – Pinemont Shopping Center, a 73,577 sq.ft. center located at the intersection of Pinemont Drive and Ella Boulevard, has spaces of 1,250 sq.ft., 1,387 sq.ft. and 2,562 sq.ft. available, along with a 0.6-acre outparcel. Cotenants include Family Dollar. Area demographics include a population of 360,716 within five miles earning $59,594 as the average household income. League City – League City, a 98,457 sq.ft. center located at the intersection of West Main Street and Highway 3, has spaces of 2,900 sq.ft., 3,733 sq.ft., 4,240 sq.ft. and 4,840 sq.ft. available. Cotenants include Family Dollar, Goodwill, Rent-A-Center and Palais Royal. Area demographics include a population of 62,613 within three miles earning $91,750 as the average household income. Spring – Klein Square, an 80,857 sq.ft. center located at the intersection of Louetta Road and Steubner Airline Road, has spaces from 970 sq.ft. to 5,264 sq.ft. available. Cotenants include Food Town, Baskin Robbins, Radio Shack, Family Dollar and Mr. Gatti’s. Area demographics include a population of 91,000 within three miles earning $117,808 as the
Texas
Texas
average household income. The Woodlands – Windvale, a 101,088 sq.ft. center located at the intersection of College Park Drive and FM 1488 Road, has spaces from 987 sq.ft. to 15,500 sq.ft. available, along with outparcels of 0.6 acres, 0.9 acres and 1.6 acres. Cotenants include Randalls, Regions Bank and Anytime Fitness. Area demographics include a population of 103,555 within five miles earning $132,396 as the average household income. For more information regarding Pinemont Shopping Center or Windvale, contact Jodie Pearson, Brixmor, 3901 Bellaire Boulevard, Houston, TX 77025; 713-660-4331; Email: jodie.pearson@brixmor.com; Web site: www.brixmor.com. For more information regarding League City or Klein Square, contact Dianne Colella, 713-660-4312; Email: dianne.colella@brixmor.com.
demographics include a population of 73,754 within five miles earning $53,243 as the average household income. The asking rent is $13.50 psf. For more information, contact Robin Cannistraci, Curt Green & Co., PO Box 3379, Texarkana, TX 75504; 412-417-4178; Email: robinc@curtgreen.com.
Texarkana – Lone Star Plaza, a 12,283 sq.ft. strip center located at the intersection of New Boston Road and Highway 59, has a space of 1,600 sq.ft. available. Cotenants include Cato, Game Stop, Check N Go, Jackson Hewitt and Subway. Area
Virginia Stuarts Draft – Windmill Square, a 53,632 sq.ft. center located along Stuarts Draft Highway, has spaces of 1,000 sq.ft., 1,400 sq.ft. and 3,000 sq.ft. available. Cotenants include Food Lion, Family Dollar, Stellar One Bank, Arby’s and Hardee’s. Area demographics include a population of 32,519 within seven miles earning $61,487 as the average household income. The average daily traffic count is 13,000 vehicles. For more information, contact Angelica Beltran, Wheeler Real Estate Co., 2529 Virginia Beach Boulevard, Suite 200, Virginia Beach, VA 23452; 757-627-9088, Fax 757627-9081; Email: angelica@wheelerrec.com; Web site: www.wheelerint.com. DM
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