ICSC NEW YORK DEAL MAKING Box 837 Nyack, NY 10960
"The Locations Newsletter" Published Twice Each Month
Murray Shor - Editor & Publisher
Vol. 38, Nos. 22 & 23
(845) 348-7000, (800) 211-6858
$349 per year
November 23, 2009
NEW AND EXPANDING CENTERS OVER 501,000 SQ. FT. (Unless mentioned otherwise, all are enclosed, air-conditioned malls)
ALABAMA Decatur: Renovation plans delayed indefinitely for 576,098 sq. ft. Decatur Mall (former Colonial Decatur Mall) at Danville Rd and Beltline Rds in Morgan County (See SCD, P. I862); anchors Sears, Dillard’s, Belk, JCPenney Outlet, Dillard’s Men’s/ Children, and Dillard’s Home Store; 60 stores, 27 vacant; parking 2,832 cars; opened ‘78; population 477,011 within 20 miles; average household income $61,294; developer First
Republic Group Realty, 302 Fifth Ave, New York, NY 10001-3696, (212) 279-6100; leasing Jones Lang LaSalle (Gary Woodward), 3424 Peachtree Rd
didja hear...??? CNL Macquarie Global Growth expects to raise $1.5 billion in an IPO to acquire distressed properties over the next 5-10 years; at least 70% of the funds will be used in the US, espe-
Strolling the AGORA By Murray Shor Though there are universals present in each ICSC regional conference around the country focusing on leasing and development, there are also distinct differences in themes and outlooks expressed by these real estate professionals. So it was in Chicago last month and—I expect— it will be in New York at the National Conference and Deal Making in the next few weeks; the ultimate connector being a resil-
TABLE OF CONTENTS New and Expanding Shopping Centers Over 501,000 Sq. Ft. ............................. Strolling the Agora ................................... Didja Hear??? ............................................ Financial/Sales Results ........................... New And Expanding Shopping Centers 201,000-500,000 Sq. Ft. ........................ New And Expanding Shopping Centers Up to 200,000 Sq. Ft. ............................ Upscale, Specialty, Urban Mixed-Use .... Centers With Lease Space Available .................................... Retailers Seeking Space .......................... Classifieds .................................................
J527 J527 J527 J534 J538 J540 J542 J544 J546 J548
NE, Ste. 400, Atlanta, GA 30326, (404) 995-6300, Email: gary.woodward@ am.jll.com. (continued on P. J532)
ience and positive attitude:“We’re working harder than ever for a lot less, but we’re still vertical and will get through this (the recession).” A side issue, but strongly expressed by a number of landlords and tenants was anger at ICSC for “losing touch with the needs of its members” and “operating as a business rather than a trade association.” More on this later. Even before the beginning of brisk, official dealmaking, many were already expressing optimism on the rising economy, basing much of it on rising retail figures just released by a number of leading chains. However, these should be taken with a touch of reality, stressed one top department store executive. “In retailing,” he pointed out, “we’re zooming down the highway at 100 miles per hour looking backward through our rearview mirror and competing against last year’s figures. It’s great if our same store sales are up 3 or 4%—but last year they were down 15, 16 or 17%. You must consider what (continued)
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
cially in the southern tier…Genesco Inc announced that its Hat World division, which operates more than 850 mall-based, airport, street level, and factory outlet stores nationwide and in Canada and PR has acquired the assets of the 37 unit, Tampa, FL-based Sports Fan-Attic; the retailer of licensed sports headwear, apparel, accessories, and novelties had revenues of $30 million for the 12 months ended Sept 30, ‘09…David B. Henry was appointed to CEO of Kimco Realty Corp, replacing Milton Cooper, who will continue as executive chairman of (continued on P. J530) RETAILERS SEEKING SPACE Page J546-547 • 77kids div. of American Eagle Outfitters • Ashley Furniture HomeStore • Best Buy Canada • Big 5 Sporting Goods • Buffalo Wild Wing Grille & Bar • Cash Converters Canada • Dick's Sporting Goods • Dollarama • Family Dollar Stores • Fantastic Sams • Fresh Market • Hennes & Mauritz (H&M) • Kal Tire • Little Ceasar's Pizza • Michaels Stores • Office Max • P.F. Changs' China Bistro and Pei Wei Asian Diner • Pizza Hut/WingStreet • Shoppers Drug Mart • Smashburger • Spring Rolls • Supervalu • Teavana • Uno Chicago Grill • Vocelli Pizza
Strolling the AGORA (continued) we’re competing against.” Said another retailer: “In that context, we’re still behind where we were two years ago.” More Time For Recovery Though some of the national sales figures being released indicate the recession is over, industry observers contend that it hasn’t convinced the average consumers who are still being very cautious on spending for nonessential goods. “Unemployment is still rising around the country and the average shoppers are still fearful of losing their jobs,” said another chain VP. “It’s going to take a lot more time for a full recovery.” For landlords with troubled properties difficult to rent, it may be worthwhile to “give the space away,” said one strip operator. “We’ve made deals with free rent for some Mom and Pops, with the tenant paying only operating costs for a couple of months,” he said. “It keeps the center active, stops the domino effect of other stores leaving. But,” he stressed, “the jury is still out as to whether it is effective. It depends on whether he can start paying the rent after the free period expires.” One retail consultant was exuberant about the number of deals he had made recently. “Last year was awful and I really thought we could go bellyup. I was forced to lay off some people; then we increased our marketing, worked harder and longer than I ever have before, and it’s beginning to pay off. It’s re-vitalized me and our entire operation.” Another agreed, and pointed out that with computers and the internet, “it’s a lot easier to operate and connect. It doesn’t completely replace face-to-face, but it does enable us to cut travel expenses and still negotiate with major landlords, get answers, and satisfy the needs of our retail clients.” One broker pointed out that she and others “were re-tooling their business plan and dumping the unproductive stuff.” “Part of the problem of poor retail locations that exist today,” said one veteran dealmaker, “is that many national chains had all these real estate
people at the home office signing store leases who never even looked at the site. There are too many coffee or pizza shops on the wrong side of the street, or restaurants in odd-shaped parcels with inadequate parking that are difficult or unable to provide for drive-up windows.” Wandering In The Exhibit Area Wandering through the exhibit area, I see it’s crowded with rushing, intense dealmakers networking or heading for appointments, and was struck by several rented but unoccupied booths. On the upper level, where historically six much larger deal-making rooms were occupied previously by some heavy-hitters, only three were occupied: CBL, Developers Diversified, Jones Lang LaSalle. And these landlords brought a substantially fewer number of leasing professionals than last year, 6 compared with 13 in 2008, said one owner-developer. Another aspect setting this Midwest meeting apart from other recent ICSC regional meetings was the heavy concentration of booths operated by small cities, villages and counties that were actively seeking retail tenants to help revitalize downtown business districts. Represented by local economic development officials, they highlighted the marketing potential of these communities, and stressed how public moneys, stimulus funds and special tax incentives were earmarked to restore once vital centers that had been deteriorating for years; they pointed to improved lighting, roads, signage, public utilities, transportation, parking, and the like. “If,” said one planning director, “we can attract a few solid retailers, it would add substantially to our tax base and help us to stop a slide caused by such factors as the admitted local neglect, poor management of past administrations, and the national economic crisis.” Second Day A Disaster Though the level of dealmaking opening day in Chicago was impressive and ongoing until the reception that evening, the second day was a disaster. A substantial number of
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
dealmaking booths were left unmanned that morning as many budget-conscious real estate professionals flew or drove home the night before to avoid the extra cost of high hotel rates; many of these neglected booths did not have even token amounts of company literature. Company representatives who were at their booths outnumbered those dealmakers wandering around still trying to connect. One retail consultant from Atlanta who operates only in the Southeast said he was in Chicago due to a new client of his interested also in expanding into the Midwest market. “I can connect him to a few good sources and contacts and be a hero.” A number of tenants, landlords, and brokers were outspoken in criticizing ICSC for maintaining high prices and “gouging” its members. “In these hard times, ICSC should lower its ridiculously high registration fees to only cover the costs,” said one retailer. “They have $90 million sitting in a slush fund for a rainy day. Don’t they know it’s raining out there?” Another said he hadn’t registered because of budgetary cutbacks forced by national headquarters, and visited the landlords upstairs—where a badge was not required for admission—and did meet with a few others in the lobby to look at leasing plans and talk deals. “In New York [the upcoming conference Dec 7-9] a major landlord told me to call them when I’m at the hotel and they’ll send someone out with a badge to bring me in.” Arbitrary Decisions It was understood, one dealmaker confided, that several major ownerdevelopers have already cancelled plans for exhibit space “at the Hilton and Sheraton hotels, and others may be wavering.” One landlord accused the trade association of arbitrarily making decisions on schedule changes without consulting its membership. “In Las Vegas next year,” he said, “they’ve already changed the convention dates so we have to come in on the weekend. (continued) 11/23/09
(continued) Don’t they know that’s when hotel and travel costs are at the highest, and how short of cash many companies are?” One VP of real estate and construction with a national chain told me he normally did not attend these regional meetings but sent area leasing reps. “I’m here only because of a retail committee meeting, but ICSC seems to have lost touch with reality and is functioning with no regard to the needs or wants of its members,” he said. Overall, registrants felt attendance and the number of exhibitors were down from that experienced over previous years. But the overall sentiment was still a strong, positive outlook throughout the conference. Especially for the seasoned brokers and consultants, who have been through past market downturns and are using the lessons learned from their past experiences to help weather the current storms and control the existing crisis. “Look,” said one, “I’ve cut back before and operated out of my home when necessary. I did it before, I can "The Locations Newsletter"
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Editor-Publisher ................................. Murray Shor, Ext. 201 .................. firstname.lastname@example.org Managing Editor ............................ Jennifer O'Neill, Ext. 250 ........ email@example.com Circulation... .................................. Ext. 206 Shopping Center Digest (ISSN 0885-209X, USPS 112-750) is published twice monthly --except for double issues in February, April, September and December--by Jomurpa Publishing Inc at 20 N. Broadway, Nyack, NY 10960—Telephone (845) 348-7000, Fax (845) 348-7011, (800) 211-6858. Subscription is $349 per year. Periodical postage paid at Nyack, NY, and additional mailing offices. Our e-mail address is scdigestshopping centers.com. Visit our home page at www.shoppingcenters.com. Postmaster: Send address changes to Shopping Center Digest, PO Box 837, Nyack, NY 10960. Copyright © Jomurpa Publishing Inc 2002. All rights reserved. To protect its copyright, Shopping Center Digest requires subscribers to obtain written permission to reprint, not photocopy, any part of its issues. For written permission to reprint published material, contact the editor at (845) 348-7000. Legal photocopies may be made only through the Copyright Clearance Center (CCC) at 222 Rosewood Dr, Danvers, MA 01923, USA, (508) 750-8400, Fax (508) 750-4744.
do it again. We’re survivors. It’s the younger people who have never faced
such rough times before who are the most terrified.”
didja hear...??? (continued from P. J527) the board of directors; Henry had been with the company since ’01 and was appointed president in ‘08…Jones Lang LaSalle has announced a new management team for The Palms at Town & Country shopping center in Miami, FL: Joy Medlock is the new general manager and Annette Alvarez, has been named operations manager… Landry's Restaurants has agreed to be merged into a company owned by its founder, chairman and CEO, Timothy Fertitta, for $1.2 billion; he will take the chain private...Laura Skiver has been hired as the new business development manager for Developers Diversified Realty Corp (DDR); prior to joining DDR, Skiver was with Smith Rothschild Financial in Chicago, IL…Days after its sister brand, Max & Erma’s filed for Chapter 11 bankruptcy, the 50-unit Damon’s Grill barbeque chain did the same…Austin, TX-based Stream Realty Partners has entered the shopping center industry with the acquisition of 10 retail centers in Austin and San Antonio and has hired Bryan Dabbs as director of retail; he had been with Endeavor Real Estate Group...Cedar Shopping Centers and Canadian owner-developer RioCan Real Estate Investment Trust have entered into an agreement to acquire up to $500 million in primarily supermarket-anchored shopping centers in the Mid-Atlantic region over the next two years...Dallas, TX-based Mohr Partners has hired James Wassel as managing director to be based in NJ and NY; previously, Wassel was with Cushman & Wakefield...Horsham, PA-based Capmark, one of the largest commercial-realestate lenders to the nation's investors and developers of office towers, strip malls, hotels and other commercial properties has filed for bankruptcy protection in DE. The company, which was formerly the commercial lending unit of GMAC LLC and has originated more than $10 billion in commercial real estate loans, recently reported a $1.6 billion second-quarter
loss...Colin Yasukochi has been named director of research for Jones Lang LaSalle's Northern CA and Pacific Northwest regions...In time for the holidays, Toys R Us has opened 585 FAO Schwarz boutiques within its own stores with the FAO Schwarz name; the boutiques will feature overhead signage and toys will range from $2.99 to $64.99...Steak n Shake Co and Western Sizzlin Corp have signed an agreement to merge; the plans, which are still awaiting final shareholder approval, would mean the 468unit Steak n Shake family dining chain would become a subsidiary to the 105unit Western Sizzlin steak buffet chain...Walt Disney Co plans to expand and rebrand its existing 340 stores to include movie theaters and interactive components, and will call its concept Imagination Park...Culver City, CA-based The Counter, burger chain with 20 stores in the U.S., Ireland, and Australia, is expecting to expand through franchising and has named Peter Wright to the newly created post of VP-franchise sales; he was formerly with Panera Bread... RREEF Real Estate says it has completed its program of getting out of property management and has outsourced its 58 shopping centers totaling 11 million sq. ft. to Jones Lang Lasalle, United Commercial Realty, Mid-America Asset Management, Crosland, and KeyPoint Partners... According to Reis Inc, a New York real-estate research firm, 10.3% of the retail space at U.S. shopping centers - open-air centers typically anchored by a grocery store or big-box retailer - was vacant in the third quarter; furthermore, of the properties which were completed this year, 30% opened halfempty or worse...Management for Safeway, which operates about 1,730 grocery stores nationwide, are considering stepping up its development of shopping centers and owning more of its stores, of which it only owns about 40% of its existing locations; in fact, (continued)
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(continued from P. J527) ARIZONA Goodyear: Developer may delay planned spring ‘10 ground breaking of Estrella Falls Mall at NE of Pebble Creek Pkwy and McDowell Rd, behind Westcor’s Market at Estella Falls power center (See SCD, P. J491); anchors Macy’s, Dillard’s, and Harkins Theaters; other tenants will include Chico’s, Coach, White House | Black Market, and Industrial Ride Shop; opening fall ‘11; developer Westcor (Garrett Newland), 11411 N Tatum Blvd, Phoenix, AZ 85028, (602) 9536582, Email: garrett.newland@ westcor.com. CALIFORNIA La Habra: Existing Wal-Mart to be remodeled at 650,000 sq. ft. La Habra Westridge Village at Beach Blvd and Imperial Hwy; in Orange County; anchors Sam’s Club, Kohl’s, WalMart, and Lowes; 20 stores; parking 2,563 cars; opened ‘02; population 161,283 within three miles; average household income $75,937; developer ICI Development Company (Tamra Greenlee), 2222 E Seventeenth St, Santa Ana, CA 92705, (714) 5411200, Email: tgreenlee@icidevco .com. Perris: City approves plans and construction could begin sometime in ‘11 on 643,000 sq. ft. The Perris Venue on 68 acres at San Jacinto and Redlands Ave (See SCD, P. J515); anchor is Target; center to also include clothing stores, pet and office supply stores, and a movie theater; developer Lewis Retail Centers, 1156 N Mountain Ave, PO Box 670, Upland, CA 91786-3633, (909) 985-0971, www. lewisop.com. Salinas: A 102,000 sq. ft. Wal-Mart to replace the former Home Depot at 700,000 sq. ft. Harden Ranch Plaza at N Main St and San Juan Grade Rd in Monterey County (See SCD, P. D939); anchors Marshalls, Walgreens, Safeway, Office Depot, Pier 1 Imports, and Target; 65 stores; parking 3,500 cars; opened ‘91; population 200,000 within 10 miles; average household income $34,000; developer Harden Ranch Plaza Mgmt (Fred E. Goldsmith), c/o Harden Ranch Plaza, 1560 N. Main St., Salinas, CA 93906, (831) 6553800, Email: firstname.lastname@example.org.
Walnut Creek: An initiative with 10,295 signatures would allow a planned Neiman Marcus to build a 92,000 sq. ft. two-story store at 700,000 sq. ft. Broadway Plaza on 30 acres at Mt Diablo and S Main St in Contra Costa County (See SCD, P. J472); existing anchors Macy’s, Macy’s II, and Nordstrom; 70 stores; parking 2,593 cars; opened ‘51; population 467,586 within 10 miles; average household income $104,872; developer The Macerich Co, 401 Wilshire Blvd, Santa Monica, CA 90401, (310) 394-6911, www.macerich.com. FLORIDA North Port: Although no construction date has been set, city planning and zoning panel have approved a proposed 986,000 sq. ft. Woodlands Regional Center at SE corner of I-75 and Toledo Blade Blvd (See SCD, P. J472); developer Benderson Development (William Murray), 8441 Cooper Creek Blvd, Bradenton, FL 34201, (716) 8860211, www.benderson.com. Sarasota: Developers have agreed to pay up to $3 million for traffic work if city approves a proposed expansion to 420,000 sq. ft. Westfield Shoppingtown Southgate (formerly Southgate Plaza) on 33 acres at U.S. 41, Siesta Dr, and Bee Ridge in Sarasota County (See SCD, P. J149); project to include the construction of several more buildings, bringing it to about 665,000 sq. ft.; in addition, a three-story parking garage with 1,200 spaces will be built; plans also call for adding a second floor to the existing Dillard's; anchors also include Macys and Saks Fifth Ave; 49 stores; parking 1,934 cars; opened
‘57; population 532,717 within 15 miles; average household income $76,865; developer Westfield Corp, 11601 Wilshire Blvd, 11th Fl, Los Angeles, CA 90025-1748, (310) 4784456, www.westfield.com. ILLINOIS Matteson: A new community center is planned for 990,000 sq. ft. Lincoln Mall on 75 acres at U.S. 30 and Cicero in Cook County (See SCD, P. J364); addition is part of and area redevelopment and improved marketing for the city's downtown district, which will include an expanded trail system, improvements to the Pecatonica River riverfront, and support for efforts to provide Amtrak service to Freeport; anchors Carson Pirie Scott and Sears; 97 stores; parking 5,412 cars; opened ‘73; population 157,803 within five miles; average household income $61,776; developer Realty America Group c/o Freehold Capital Advisors, Ltd (Tracy Munno), Lincoln Mall, 208 Lincoln Mall, Matteson, IL 60443, (708) 747-5600, Email: tmunno@ freeholdadvisors.com; leasing The Andrew Shedlin co (Andrew Shedlin), 1014 Sheridan Rd, Highland Park, IL 60035, (847) 433-3400, Email: email@example.com. MICHIGAN Flint Twp: University of Phoenix has recently opened an 18,000 sq. ft. student learning facility in the "Outdoor Village" at 1.27 million sq. ft. Genesee Valley Center at Miller and Linden Rds in Genesee County (See SCD, P. I70); in addition, name-brand (continued on P. J536)
didja hear...??? (continued) the chain does have its own separate property management arm for potential tenants of properties it already owns, called Property Development Associates LLC and is marketing a handful of Safeway and Vons stores, as well as shopping centers for lease...Boston, MA-based Advent International Corp has purchased teen apparel retailer Charlotte Russe Holding Inc for $380 million and has appointed Jenny Ming as president and
CEO to help double the 501-unit store count, boost sales productivity and reevaluate the demograpic focus of the retailer who currently targets women from 15 to 20 years of age...Microsoft Corp is opening its first retail store at the Scottsdale Fashion Square Mall in Scottsdale, AZ, followed by a second store in Mission Viejo, CA; if successful, the company plans to slowly roll out more locations nationwide.
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
"EXPANDING RETAILERS" 2009
15th n Editio The 2009, 15th edition of Expanding Retailers contains all the information you need to make contacts and close deals. FILL THOSE VACANT STORES! •
Profiles the leading and expanding chains reported on the previous year
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Contains Contact Names, Addresses, Telephone Numbers, Fax Numbers, and Email Addresses
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Visit us at Booth # 434 @ ICSC DealMaking in New York, NY, Dec. 7-9. .
Financial/Sales Results (Figures are compared to previous yearâ€™s unless stated otherwise)
For the third quarter, Simon Property Group announced funds from operations (FFO) increased 2% to $473.1 million; for malls, occupancy dropped 1.1% to 91.4% comparable sales per sq. ft. declined to $438 from $493; for outlet centers, occupancy dropped 1.3% to 97.5% and sales per sq. ft. dropped to $492 from $515. Rents, however, increased, for mall from $39.26 per sq. ft. to $40.05, and for outlet centers, from $27.12 to $32.95...Duane Reade Holdings, Inc reported third quarter net sales increased 4.2% to $448.9 million and same-store sales were up 0.7%. The company operates 254 stores... Columbus, OH-based Glim-cher Realty Trust said revenues for the third quarter dropped to $74.6 million from $81.4 million as FFO declined $1.3 million to $17.5 million; for its Core Malls, average rents increased 8 cents per sq. ft. to $27.21 while sales decreased 5.4% to $349 for the 12 months, and occupancy declined 1.2% to 91.9%... For the quarter ended Sept 27, Ruth's Hospitality Group Inc, operator of more than 100 Ruth's Chris Steak House and Mitchell's Fish Market dining rooms, reported revenue fell 21% to $77.8 million and same-store sales fell 24% and 12.3% for Ruth's and Mitchell's, respectively... Pennsylvania Real Estate Investment Trust posted a net loss of $9.6 million for the third quarter, and sales per sq. ft. fell to $335 vs. $351 last year. Occupancy rates for the The Philadelphia-based REIT portfolio of 38 malls and 13 shopping centers were 89.4% vs. 89.9%...For the third quarter, Tim Horton's, which has 2,971 outlets in Canada and 556 in the U.S., said samestore sales were up 3.1% in Canada and up 5.4% in the U.S. as revenues increased 10.7% to $563.6 million from $509 million... Bloomfield Hills, MIbased Taubman Centers reported that for the third quarter, tenant sales declined 2.9%, with a per sq. ft. decline of 10.9%; for the 12 months, sales dropped 11.8% to $497 per sq. ft.; occupancy for the quarter dropped 2% to 88.5% and rents per sq. ft. were down 2.5%...For the year ended July
31, Zale Corp reported a net loss of $189.5 million, or $5.94 per share, compared to a net loss of $6.5 million, or $0.15 per share; comparable store sales fell 16.6% compared with a loss of 0.7% in the prior year...Jacsonville, FL-based Winn-Dixie Stores reported total sales for the quarter fell 2% to $1.6 billion and same-store sales fell 1.5%...For the quarter ended Sept 30, Acadia Realty Trust announced FFO per share of $0.33 compared to $0.26 and same-store net operating income fell 2.5% compared to 2.3%. The company's portfolio occupancy was 92.5% compared to 94.2%...Cheesecake Factory said cost savings in the third quarter boosted its profit nearly 38% to $16.3 million though sales fell 1% to $400.6 million; same-tore sales dropped 2.8%. The company operates 146 namesake restaurants, 13 Grand Lux Cafes, and one RockSugar Pan Asian Kitchen... For the third quarter, Weingarten Realty Investors reported a $9.4 million loss...Chipotle Mexican Grill Inc, which operates 911 restaurants, reported third-quarter sales were up 14.6% to 13.3 billion and same-store sales rose 2.7%; net income was up 77% to $34.5 million.. .Developers Diversified Realty reported a third-quarter FFO loss of $90.1 million, compared with last year's profit of $96.7 million; its core portfolio was 90.9% leased, compared with last year's 94.5%, and rent rates for new and renewed leases fell 3.5%... Mc-Donald's Corp announced global comparable sales for the third quarter were up 3.8% including an increase of 2.5% in the U.S....Aaron's, the leading rental chain, reported third quarter revenues rose 7% to $415.3 million, earnings increased 24% to $24.7 million, and same store revenues were up 6.3%... Specialty footwear retailer DSW Inc has increased its estimate of comparable store sales for the third quarter to 6-8% from a negative mid-single digits; earnings per share should be 70-80 cents per share, from the earlier estimated 37-45 cents... J.Crew Group announced that better than anticipated sales in the third quarter have resulted in its raising its anticipated earnings to
54-59 cents per share from the original forecast of 30-33 cents per share, and same-store sales to rise to high single digit increases; if the trend continues, it also expects fourth quarter increases... Safeway Inc said third quarter profit fell 35.5% to $128.8 million compared to $199.7 million and sales fell 7% to $9.5 billion from $10.2 billion...Luby's, which recently closed 19 restaurants and now operates 95 locations, reported sales were down $13.8 million to $80.2 million and same-store sales fell 13.6%... Swedish fast-fashion chain Hennes & Mauritz (H&M) said same-store sales for the month of Sept were down 8% and total sales were up 1%. The company operates 1,869 stores...For the third quarter, Agree Realty reported FFO was up 8.8% to $6 million compared to $5.5 million and its portfolio was 98.1% leased at the end of the quarter...The Sherwin-Williams Company announced consolidated net sales for the third quarter were down 12% or $271.7 million to $1.997 billion and net sales were down 1.6%...For the quarter, Brinker International Inc earned $15.8 million compared to $23.8 million and revenue fell 21% to $778.1 million; same-restaurant sales for Chili's, On the Border, and Maggiano's fell 6%, 5.1% and 6.6%, respectively...Cedar Shopping Centers reported revenues for the quarter ended Sept 30 were up 6.3% to $45.9 million and FFO was $14.2 million compared to $14.3 million. The company's occupancy rate for its stabilized portfolio remained at 95%... Peet's Coffee & Tea, Inc said net revenue for the 13 weeks ended Sept 27 was up 8% to $73.9 million from $68.5 million and net income was $2.5 million compared to $2 million... Chicago, IL-based Jones Lang La Salle Inc reported revenue for the quarter was down 9% to $595 million. Visit
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(continued from P. J532) discount clothing store Wear District has recently opened, American Family center hopes to open an arcade by Dec 1, and construction may have already begun on My Family Puppy pet store; existing anchors Macy’s, JCPenney, Sears, and Burlington Coat Factory; 127 stores; parking 7,291 cars; population 531,885 within 20 miles; average household income $58,587; developer Jones Lang LaSalle (Ed G. McHale), c/o Genessee Valley Center, 3341 S Linden Rd, Flint, MI 48507, (810) 732-4006, Email: ed.mchale@ am.jll.com. NEVADA Carson City: Renovations underway on Carson Mall at Carson and Stewart Sts in Douglas County; project to give the mall ‘village’ look on the newly built east side of the mall; tenants include The Wedding Emporium, Revelations Costume Boutique, New 2 U Bridal, and Anytime Photo, as well as The Christmas Store, Cherokee Scents Candle Co, The Dance Shoppe, The V&T Shop, and Ruho Vintage Consignment; new eateries within the village include L&L Hawaiian Barbecue, Charley’s Grilled Subs, and Paul Schat’s Bakery; other food establishments include Paradise Cove Cafe, Deli Francesco, Carl’s Jr., Dutch Bros. Coffee, and Little Ceasar's Pizza; in addition, 30 new vendors for the holidays opened earlier this month; developer The Carrington Company (Andrew Hale), PO Box 1328, Eureka, CA 95502, (707) 445-9601, Email: firstname.lastname@example.org
NEW HAMPSHIRE Merrimack: Developers asking Town council to consider extending a tax payment deadline by six months for the delayed development of 550,00 sq. ft. Merrimack Premium Outlets on 170 acres at W of Exit 10 on the F.E. Everett Tpk (See SCD, P. J435); 135 stores; developer Chelsea Property Group, a Simon Company, 105 Eisenhower Pkwy, Roseland, NJ 07068-1029, (973) 228-6111. www. simon.com. NEW JERSEY Bridgewater: Expansion planned for 970,000 sq. ft. Bridgewater Commons on 120 acres at SR 202/ 206, 22, and I287 in Somerset County (See SCD, P. J217); anchors Lord & Taylor, Macy’s, and Bloomingdales; 175 stores; parking 4,500 cars; opened ‘88; last renovated in ‘06; population 534,209; average household income $108,267; developer General Growth Properties, 110 N Wacker Dr, Chicago, IL 606061116, (808) 591-8411, www. generalgrowth.com. NEW YORK Yonkers: $250 million, 200,000 sq. ft. expansion and renovation to be completed by the end of ‘10 on 1 million sq. ft. Cross County Shopping Center on 71 acres at Cross County Pkwy, Central Ave, and NY State Thruway in Westchester County (See SCD, P. J399); plans call for a combination of new luxury and moderate-priced retailers, including an expansion of Macy’s and the addition of Bebe, AX Armani Exchange, H&M,
Kitchen Collection Makes Cafaro Deals Kitchen Collection, the Ohio-based chain specializing in cookware, bakeware, small appliances and the like, is capitalizing on the trend of amateur chefs and home-cooking to expand its reach. It has signed leases to open stores in four malls operated by The Cafaro Co of Youngstown, OH. Opening in time for the upJ536
coming holiday season will be units at Frenchtown Square Mall, Monroe, MI; Governor’s Square Mall, Clarksville, TN; Kentucky Oaks Mall, Paducah, KY; and Kennedy Mall, Dubuque, IA. Further information may be obtained from Norm Peters, The Cafaro Co, P.O. Box 2186, Youngstown, OH 44504, (330) 747-2661, Email: npeters@ cafarocompany.com .
Forever 21, American Eagle, and Victoria's Secret Pink; existing tenants also include Sears, Super Stop & Shop, National Amusements Multiplex, and Old Navy; 90 stores; parking 5400 cars; opened ‘54; population 2 million within 7 miles; average household income $45,000; developer Brooks Shopping Centers Inc, 708 Third Ave, 15th Fl, New York, NY 10704, (212) 557-1400; managing partner Benenson Capital Partners LLC, 708 3rd Ave 28th Fl, New York NY 10017-4201, (212) 867-0990, www.beneson capital.com. PENNSYLVANIA Straban Twp: Results of changes in regards to a zoning hearing could affect the proposed development of 518,205 sq. ft. Gettysburg Crossing on 72 acres at Rts 30 and 15 in Adams County (See SCD, P. J447); anchors Wal-Mart Supercenter 206,000 sq. ft. and BJ’s Wholesale Club; parking 2,344 cars; developer Faison Inc, 121 W Trade St, Ste. 2700, Charlotte, NC 28202-1195, (704) 972-2500, www.faison.com. TENNESSEE Kingsport: Initial phases of multimillion-dollar redevelopment and expansion underway at 530,000 sq. ft. Fort McHenry Mall (to be renamed Kingsport Town Center) on 53 acres at Fort Henry Dr and Memorial Blvd in Sullivan County (See SCD, P. J73); project to include interior and exterior improvements; new tenants will include Rue 21 and Nutty Java; in addition, mall is relocating some stores to make way for a new food court on the upper level; anchors JCPenney, Sears, and Belk; 68 stores; parking 3,029 cars; opened ‘76; last renovated in ‘89; population 287,655 within 10 miles; average household income $45,088; developer Somera Captial Management, 222 N Sepulveda Blvd, Ste. 2375, El Segundo, CA 90245, (310) 641-8060, www.someracapital .com. TEXAS Dallas: New ownership/partnership plans to revitalize the 1.8 million sq. ft. Southwest Center Mall (formerly Red Bird Mall) on 100 acres at Hwy 67, I-20 and Camp Wisdom Rd in Dallas County (See SCD, P. J402); initiative to add value to property, (continued)
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
increase tenants, lower the vacancy rate, and create more customer traffic; anchors Sears, Macy's, and Burlington Coat Factory; 90 stores; parking 6,600 cars; opened ‘75; population 459,100 within 21 miles; average household income $48,000; developer joint ventrue Jimmy Jazz of Brooklyn, NY, Cityview Commercial, and Madison Realty Capital, 461 Fifth Ave, 12th Fl, New York, 10017, (212) 255-2900; leasing Woodmont Co, 2100 W 7th St (817) 735-4738, Fort Worth, TN 76107-2306, (817) 732-4000, www.woodmont.com. Houston: Revised renovation plans submitted for 1.35 million sq. ft. Sharpstown Center on 43 acres at SW Frwy and Bellaire Blvd in Harris County (See SCD, P. H372); original plan, which needed $20 million in public money, were rejected; project to include a new grocery store, movie theater, and other uses to make the property more family friendly; anchor Burlington Coat Factory; 160 stores; parking 7,000 cars; opened ‘95; population 387,537 within 10 miles; average household income $70,000; developer Boxer Property Management,
720 N Post Oak Rd (Justin Segal), Ste. 500, Houston, TX 77024, (713) 7777368,Email: justin.segal@boxer property.com. Tyler: Developers looking at allowing retail development along the perimeter of the 628,000 sq. ft. Broadway Square mall on 46 acres at S Broadway and Loop 323 in Smith County (See SCD, P. G6); project could include national chain restaurants; anchors Dillard’s, JCPenney, and Sears; 75 stores; parking 3,300 cars; opened ‘75; population 154,005 within 10 miles; average household income $63,464; developer Simon Property Group, Inc, National City Center, PO
Box 7033, Indianapolis, IN 46207, (317) 636-1600, www.simon.com. CANADA Chilliwack, BC: Wal-Mart is building a 150,000 sq. ft. retail outlet at 700,000 sq. ft. The Eagle Landing Retail Centre currently under construction on land owned by the Squiala First Nation; anchors to also include a 31,000 sq. ft. Cineplex Odeon; Wal-Mart to open by the end of ‘10; developer Eagle Landing Retail Limited Partnership a joint venture of Squiala First Nation and League Assets, #217 - 2187 Oak Bay Ave, Victoria, BC V8R 1G1,(877) 772-8836, Email: email@example.com.
Zamias Acquires Residential Units Shopping center owner-developer The Zamias Co of Johnstown, PA, has entered the field of residential developments with the acquisition of the Samuel Land Co, co-owner of five buildings containing 520 apartments in the Pittsburgh area.
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
Damian Zamias, president of the Zamias Services, the property management unit, said it will to operate as a Zamias division. It is understood that the company is seeking other apartment acquisitions in Pittsburgh and Southwest Pennsylvania.
NEW AND EXPANDING CENTERS 201,000-500,000 SQ. FT. ALABAMA Dothan: City commission approves a 120-day extension for the redevelopment of 382,998 sq. ft. Northside Mall at Ross Clark Circle and Hwy 231 in Houston County; project to include a new 45,000 sq. ft. Publix Supermarket; anchors also include Stein Mart, Home Depot, Books-A-Million; 61 stores; parking 1,900 cars; opened ‘70; population 144,495 within 20 miles; average household income $34,746; developer AIG Baker, 1701 Lee Branch Ln, Birmingham, AL 352424218, (205) 969-1000, www.aigbaker .com. ARIZONA Chandler: City council approves zoning change for a planned Paseo Lindo “lifestyle village” on 68 acres at NE corner of Arizona Ave and Ocotillo Rd (See SCD, P. I886); anchor Target; project to also include other major and junior anchors, fast-casual and sitdown restaurants, as well as specialty shops; in addition, homes are being built on 27 acres north of the site; opening fall ‘10; developer RED Development, 6263 N Scottsdale Rd, Ste. 330, Scottsdale, AZ 85250, (480) 947-7772, www.reddevelopment.com. MARYLAND Frederick: Financing arrangements completed for a planned $29.5 million, 380,000 sq. ft. Clemson Corner on 38 acres bordered by U.S. 15, Md 26 and Md 355 (See SCD, P. J496); anchors Wegmans, Lowe’s, and Marshall’s; opening spring ‘11; developer Clemson Corner LLC, a joint venture of FaisonClemson LLC,121 W Trade St, Ste. 2700, Charlotte, NC 28202-1195, (704) 972-2500, www.faison.com and Atapco Clemson LLC, Ten E Baltimore St, Ste. 1600, Baltimore, MD 21210, (410) 347-7185. MASSACHUSETTS Somerville: Landswap completed giving developer an additional 16.6 acres for the development of a 340,000 sq. ft. IKEA at Assembly on the Mystic on 16.6 acres at the site of Assembly Square mixed-use, transit oriented urban village on the riverfront;
developer Federal Realty Investment Trust (Don Briggs), 1626 E Jefferson St,, Rockville, MD 20852, (301) 9988100, Email: dbriggs@federalrealty .com.
Conceiving and Developing Quality Real Estate for 40 Years
NEW HAMPSHIRE Seabrook: Developer has filed a lawsuit against the town planning board which oppose a portion of a proposed 449,965 sq. ft. shopping center on 51 acres off Provident Way and Lafayette Rd (Rt 1) (See SCD, P. J463); opposition due to residents’ concerns about increased traffic; anchors Target 137,000 sq. ft. and possibly Best Buy, 96,000 sq. ft.; 15 stores; developer Developers Diversified Realty, 3300 Enterprise Pkwy, Beachwood, OH 44122, (877) 2255337, www.ddr.com. NEW YORK East Harlem: A 110,000 sq. ft. Costco has opened as the first tenant of a longawaited 485,000 sq. ft. East River Plaza on 6 acres along FDR Dr, from 116th St to 119th St, from the Hwy to Pleasant Ave (See SCD, P. I922); other anchors will include Target, Marshall’s, and Best Buy, which will start moving in next spring; parking 1,250 cars; developer joint venture Forest City Ratner (Lon Rubackin), 1 MetroTech Center N, Brooklyn, NY 11201, (718) 923-8436, Email: lrubackin@fcrc .com, and Blumenfeld Development Group, Ltd, 6800 Jericho Tpke, Ste. 102E, Syosset, NY 11791-4498, (516) 921-0800. NORTH CAROLINA Mebane: Construction underway on 317,000 sq. ft. Tanger Factory Outlet on 52 acres at Exit 154 on I-48 and 85 at Arrowhead Blvd in Alamance/ Orange County (See SCD, P. J310); 65-75 stores will include Saks Fifth Avenue OFF 5th, Banana Republic Factory Store, Coach Factory, Gap Outlet, J. Crew, Michael Kors, BCBG/ Girls, Nike Factory Store, and Tommy Hilfiger; opening late ‘10; developer Tanger Factory Outlet Centers (Carrie Warren), 3200 Northline Ave, Ste. 360, P.O. Box 10889, Greensboro, 27404, (continued)
Peninsula Town Mall properties Center Hampton, Virginia
Mall Properties, Inc. 654 Madison Avenue New York, NY 10065 Telephone: 212.935.1330 Fax: 212.832.5369
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
Introducing Peninsula Town Center, Hampton, Virginia
Mall Properties is proud to announce the 2009/2010 opening of Peninsula Town Center. The modern, energetic mixed-use development features Target, Macy’s and JCPenney, top restaurants, leading specialty shops and office space, as well as upscale residential units set around beautifully landscaped parks.
Mercury Plaza, Hampton, Virginia
Opportunities for anchor and in-line spaces are available now at Mercury Plaza. Located on one of the busiest retail thoroughfares in the Tidewater/Hampton Roads area, the $250 million dollar redevelopment of Peninsula Town Center is expected to attract even more retail growth to Mercury Plaza, adjacent to the area’s only Bass Pro Shop.
Akers Mill Square (400,000 sf)—Cobb County, Atlanta Bed Bath & Beyond, Sports Authority, Toys “R” Us, OfficeMax, LA Fitness, Party City
Cortana Mall (1,650,000 sf)—Baton Rouge Dillard’s, JCPenney, Macy’s, Sears Cortana Square & Fringe (370,000 sf)—Baton Rouge Wal-Mart, Lowe’s, Babies “R”Us, Old Navy, Bed Bath & Beyond, Shoe Carnival, Guitar Center, Office Depot Siegen Lane Marketplace (1,000,000 sf)—Baton Rouge Wal-Mart, Sam’s, Lowe’s, Bed Bath & Beyond, Old Navy, T.J. Maxx, Kohl’s, Chili’s, Chuck E. Cheese’s, Wendy’s, Courtyard by Marriott, Residence Inn Sicily’s Plaza (27,500 sf)—Baton Rouge Sicily’s Italian Buffet, Oreck Vacuum, Honey Baked Hams, GameStop
West Plaza, Glendive—Kmart
The Center at 17, Paramus—Bed Bath & Beyond, T.J. Maxx
Great South Bay (500,000 sf)—Babylon, Long Island Bed Bath & Beyond, Marshalls, Old Navy, Ann Taylor Loft, Panera Bread, Bath & Body Works, The Children’s Place King Kullen Plaza, Babylon, Long Island—King Kullen, Rite Aid Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie, Victoria’s Secret, J. Crew, Sephora, Bebe, H&M Northway Mall (600,000 sf)—Colonie (Albany) Target, Marshalls, Jo-Ann Etc, Staples, David’s Bridal, BJ’s Wholesale Club, Petco, Dress Barn, Eddie Bauer Outlet Parkchester Retail District—Bronx 650,000 sf. of Retail Shops with Macy’s, Offices and over 12,000 Apartments Savoy Shops—Third Avenue, 60th-61st Streets, New York City 65,000 sf. of Retail Shops, California Pizza Kitchen, Dylan’s Candy Bar
St. David’s Square (217,000 sf)—St. David’s, Philadelphia T.J. Maxx, Bed Bath & Beyond, HomeGoods, Genuardi’s, Micro Center
Mercury Plaza (350,000 sf)—Hampton Burlington Coat Factory, Texas Steakhouse & Saloon, Cracker Barrel Old Country Store, Wachovia Bank, GNC, Supercuts Coliseum Square (43,000 sf)—Hampton Lane Bryant
Hotels Columbus, OH (Easton) Hilton Columbus, Courtyard by Marriott, Residence Inn by Marriott Marco Island, FL Hilton Marco Island
Baton Rouge, LA Courtyard by Marriott, Residence Inn by Marriott
Parkchester, Bronx, NY 12,271 Apartments 650,000 Square Feet of Retail
Fairfax, VA Marriott
Visit our booth: 170 Rhinelander Gallery, ICSC New York Deal Making
(continued) (336) 292-3010, Email: cjwarren@ tangeroutlet.com TEXAS Las Colinas: Planned 380,000 sq. ft. Town Square on 50 acres at SH 114 and Loop 12, adjacent to DART light rail; 90 upscale shops; developer Tanger Factory Outlet Centers Inc, 3200 Northline Dr, Ste. 360, Greensboro, NC 27404, (336) 292-3010, www.tangeroutlet.com. Odessa: Planned 350,000 sq. ft. Chimney Rock Center at NE corner of Hwy 191 and E Loop 338; anchor Best Buy; tentative opening Oct ‘10; other tenants will include Academy Sports and Outdoors, Petco, Maurices, Dress Barn, and The Children's Place as well as other national retailers and locally based stores and restaurants; developer The Woodmont Company (Brian Frank), 3100 Monticello Ave Ste. 825, Dallas, TX 75205, (817) 732-4000, Email: firstname.lastname@example.org.
UTAH Salt Lake City: Site work may have already begun on 210,000 sq. ft. 300 West Town Center at 1120 S 300 W; anchor Target 137,000 sq. ft. to open in Oct ‘10; at least one additional building will house tenants of 1,500 sq. ft. to 3,000 sq. ft.; possible tenants include soft goods and pet supply retailers; developer Miller Weingarten Realty LLC (Dean Insalaco), 850 Englewood Pkwy, Ste. 200, Englewood, CO 80110-2304, (303) 9966350, Email: dinsalaco@miller weingarten.com. WISCONSIN Madison: Target proposed for 471,297 sq. ft. Hilldale Shopping Center on 33 acres at University Ave and Midvale Blvd in Dane County (See SCD, P. J204); existing anchors Macy’s and Metcalfe’s Sentry Foods; 58 stores and restaurants also include Quiznos, The North Face, Anthropologie, and U.S. Cellular; parking 667 cars; opened ‘62;
population 184,602 within five miles; average household income $72,886; developer Joseph Freed & Associates (Adam Fink), 33 S State St, Ste. 400, Chicago, IL 60603, (312) 675-5345, Email: email@example.com; leasing Corrigan Properties Inc, 5900 N. Port Washington, Ste. 156, Milwaukee, WI 53217, (414) 332-8136. CANADA Okotoks, AB: Construction continues on 367,000 sq. ft. Cimarron Centre at Hwy 7 and 32nd Sts; centre includes an existing Home Depot; Costco to open fall ‘10; anchors will also include The Brick and Winners; other tenants will include Dollarama, Sportmart, Ardene, West 49, and a proposed supermarket/food store, electronics store, and an arts and crafts outlet; developer Trinity Development Group (Philip Currie), 2275 Lakeshore Blvd W, Ste. 400, Toronto, ON M8V 3Y3, (416) 255-8800, Email: pcurrie@ trinity-group.com.
NEW AND EXPANDING CENTERS UP TO 200,000 SQ. FT. ALABAMA Anniston: City Council considering paying up to $1.7 million for improvements to the Greenbrier Shopping Center to help developer attract a grocery chain; anchor Fred’s; center also includes a Chinese Restaurant; developer j/v TTM Holdings LLC and Crown Investment, 2180 Satellite Blvd, # 400, Duluth, GA 30097, (770) 239-1767. Dothan: Construction may have already begun on $16 million, 69,600 sq. ft. Cottonwood Corners at Ross Clark Circle and Cottonwood Corners (See SCD, P. J254); anchor Publix 45,600 sq. ft.; 15 stores; opening late ‘10; developer Aronov Development (John Argo), 3500 Eastern Blvd, P.O. Box 235000, Montgomery, AL 361161781, (334) 277-1000, Email: john. firstname.lastname@example.org. CALIFORNIA Carlsbad: Initial phase of 75,000 sq. ft. Paseo Carlsbad has opened with a 10,470 sq. ft. BJ’s Restaurant Brewhouse and a 8,100 sq. ft. P.F. Chang’s China Bistro on seven acres at SW
corner of Paseo Del Norte and Car County Dr; construction on the remaining 45,000 sq. ft of retail space to commence in January ‘10; center will feature an open-air mission-style design; entire project to be completed late ‘10; contractor Kunzik & Sara; architect Gene Fong Associates; developer PacTen Partners for CPT/ SC Title Holding Corporation; leasing Cushman Wakefield Urban Property Group (David Strauss), 110 West A St, Ste. 900, San Diego, CA 92101, (619) 525-2731, david.strauss@ cushwake.com. Ontario: $3 million in renovations began in July on a shopping center at Grove Ave and 4th St; project to include a new facade, electrical upgrades and roofing; 20 existing stores including a new Zone discount store; in addition, Subway and a major Mexican grocery store are planned; contractor ICE Builders (Rob Christianson) Anaheim, CA; developer Reliable Properties, 6399 Wilshire Blvd., Ste. 604, Los Angeles, CA 90048-5709, (323) 653-3777, www.
reliableproperties.com. CONNECTICUT Trumbull: Exterior renovation proposed for 150,000 sq. ft. Trumbull Center (See SCD, P. E460); goal is to create more of a “village style shopping center” with new sidewalks and streetlights; initial phase of renovation will be on one of four main buildings that house O Bar & Grill, Frame Creations, Giove’s Pizza, and a recently relocated Chase Bank; future improvements to additional buildings that house Radio Shack, MacKenzie's Pharmacy, Frances's pastry shop, Kelly Services and Farate-Hanko Ryu martial art studio might also receive a covered bridge to connect with the rest of the center; developer Peter DiNardo Enterprises (Peter DiNardo), 323 North Ave, Bridgeport, CT 06606, (203) 3330206, Email: Peter@dinardoent.com. FLORIDA Fort Myers: A 36,250 Sweetbay to relocate into the space once occupied by Publix as the catalyst for the redevelopment of 77,000 sq. ft. Shops of Cape Coral on Cape Coral Pkwy;
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
property owners seeking $200,000 for the remodeling of the building facades; developer Shops of Cape Coral LLC; leasing Commercial Property (Gary Tasman), 13241 University Dr #101, Fort Myers Email:, FL 33907, (239) 489-3600, Email: gtasman@cpswfl .com. Jacksonville: Demolition of the Seminole Shoppes may have already been completed to make way for a new 74,000 sq. ft. center on Atlantic Blvd; anchor Publix 54,000 sq. ft.; opening late ‘10; developer Regency Centers Corp, One Independent Dr, Ste. 114, Jacksonville, FL 32202-3842, (904) 598-7000, www.regencycenters.com. North Port: Developer asking city to provide $2 million to help it go forward with the development of a planned Cocoplum Village Shops at Rt 41 and Sumter Blvd in Sarasota County; anchor Publix; project to also include 26,000 sq. ft. of additional retail and outparcels; developer Benderson Development, 8441 Cooper Creek Blvd., Bradenton, FL 34201, (716) 886-0211, www.benderson.com. GEORGIA Dalton: A 35,000 sq. ft. Value Fresh supermarket may have already opened 123,000 sq. ft. Dalton Village Shopping Center currently under construction at 2410 Cleveland Hwy; three-building shopping center to also include restaurants, nail and hair salons, medical services, and sporting goods stores; units range from 1,500 sq. ft. to 35,000 sq. ft.; 50% leased; Alexander Reynolds Group, (404) 5145076 or (404) 934-0900. MAINE Hermon: Ground has been broken for the expansion of 28,000 sq. ft. Hermon Shopping Center at 2402 Rt 2 (See SCD, P. I744); anchor Down Home Supermarket 23,000 sq. ft.; project to include a Family Dollar Store and Hermon True Value; developer Ellis Commercial Management (Tom Ellis), 120 Laurel Circle, Bangor, ME 04401, (207) 947-6409, Email: tellis04401@ roadrunner.com. MARYLAND Columbia: Developer working with village board members to determine the redevelopment of Wilde Lake in Howard County; although no specifics
are now available, a session has been scheduled for late November to determine what to do with the center; a 23,000 sq. ft. Giant supermarket anchor closed three years ago; in addition, many other storefronts are closed; developer Kimco Realty (Geoffrey Glazer), 170 W Ridgely Rd, Ste. 210, Lutherville, MD 21093, (410) 684-2000, Email; gglazer@kimco realty.com. MICHIGAN Georgetown Twp: Community group files lawsuit challenging the township's approval of a proposed shopping center at 28th Ave and Baldwin St in Ottawa County; developers have requested the township move ahead with consideration of a site plan for the development; anchor Family Fare supermarket; developer A.J. Veneklasen Inc and Space Source (Ken Long), 169 Monroe Ave NW, Ste. 350, Grand Rapids, MI 49503, (616) 4562000, Email: email@example.com. NEW YORK Clarence: Automobile Association of America plans to open a $1.7 million diagnostic center on the site of the Shops At Main/Transit off Transit Rd north of Main St; anchors Best Buy, Barne’s and Noble and Bed Bath & Beyond; population 44,402 within three miles; average household income $86,498; developer Benchmark Group (Kevin Zugger), 4053 Maple Rd #200, Amherst, NY 14226-1072, (716) 8334986, Email: kzugger@benchmarkgrp .com. Edgemont: Town board to consider a proposal to create retail space from below ground storage space at 50,000 sq. ft. Greenville Shopping Center on Central Ave, just N of Ardsley Rd in Westchester County; project to create almost 24,000 sq. ft. of retail space to house six retail tenants and some common area; anchors Staple’s and Friday’s; three other tenants include Pizza & Brew and Citibank; developer Lyle Steinberg, 1001 Central Park Ave, Scarsdale, NY 10583-3211, (914) 7250808, Email: Admin@Midway Shopping.com. OHIO Akron: Space previously occupied by Jo-Ann Stores to be demolished to make was for the expansion of Giant
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Eagle at Plaza at Chapel Hill at Howe Ave; project to add about 30,000 sq. ft. to Giant Eagles’ existing 60,000 sq. ft. store; in addition, the new 90,000 sq. ft. store will be remodeled inside; other tenants include Party City; in addition two national retailers are looking at the 25,000 sq. ft. space formerly occupied by Marshall's; opened ‘86; developer Visconsi Cos (Mark Schroeder), 30050 Chagrin Blvd, 360 Corporate Circle, Pepper Pike, OH 44124-5704, (216) 4645550, Email: mschroed@visconsi .com. Chagrin Falls: Residents may have already voted on zoning for the redevelopment of 188,823 sq. ft. Solar Center on 20.99 acres at SOM Center (Rt 91) and Aurora (Rt 23); project to include a Get-Go gas station, near a new 99,025 sq. ft. Giant Eagle; parking 1,108 cars; developer Solar Center Ltd. LLC; leasing Kowit and Passov Real Estate Group (Brad Kowit), 6001-D Landerhaven Dr, Mayfield Heights, OH 44124, (216) 514-5100, Email: firstname.lastname@example.org. PENNSYLVANIA Darby: Developer wants to purchase land from Little Flower Manor nursing home site for a planned 142,000 sq. ft. Springfield Road Plaza on 35 acres on Springfield Rd; anchor Shop-Rite Supermarket 72,000 sq. ft.; project to also include a 20,000 sq. ft. mid-box retail store and five strip stores totaling 28,000 sq. ft.; in addition, two pad sites will likely house a pharmacy and a restaurant; developer Metro Development, 232 North 22nd St, Philadelphia, PA 19103, (215) 557-9900, www. metrodevelopment.com. Darby Borough: Ground is currently being cleared for 45,000 sq. ft. Darby Town Center at MacDade Blvd and Chestnut St (former Pantry Pride supermarket site) in Delaware County (See SCD, P. J428); anchors Sav-ALot grocery store, Game Stop, Dollar Tree, a bank and liquor store; opening May ‘10; developer MacDade Property Development Group LP (Patrick Burns) (c/o Darby Borough), 821 Summit St, Darby Borough, PA 19023, (610) 586-1102, www.darbyborough .com. Drumore Twp: Supervisors have (continued) 11/23/09
(continued) given conditional approval for a 21,000 sq. ft. shopping center on the W side of Rt 272 at Buck, on the site of the former Pontiac dealership in Lancaster County; project to include a convenience store, possibly Sheetz, Wawa, or Turkey Hill, and a fast-food restaurant; project may also include a furniture store or a greeting card store, and possibly a bank with drive-up teller window; developer Richard Wenger c/o Drumore Twp, 1675 Furniss Rd, PO Box 38, Drumore, PA 17518-0038, (717) 548-2660, Email: drumoretwp@ epix.net. East Bradford: Planning commission recommends the expansion of 150,000 sq. ft. Bradford Plaza Shopping Center at Bradford Ave and Strasburg Rd in Chester County; project to include the addition of a pharmacy, bank, and gas station operated by existing anchor Giant Supermarket; other tenants include Dollar Tree and Wine and Spirits; developer Tri-State Ventures; leasing Fameco Real Estate (Dana Hawkins), 633 W Germantown Pike, Ste. 200, Plymouth Meeting, PA 19462, (610) 834-8000, Email: email@example.com. Marshalls Creek: Ground to be broken in spring ‘10 on 110,000 sq. ft. The Crossings at Marshalls Creek at site of the Pocono Bazaar flea market (See SCD, P. J354); anchors Price Chopper and Rite Aid; center to also include two freestanding stores and is currently 74% leased with seven lease commitments; developer Daibes Enterprises (Shergoh Alkilani), PO Box 1056, Alpine, NJ 07620, (201) 405-0202, Ext. 1, Email: salkilani@ alkova.com. Susquehanna Twp: Giant Food Store may have already opened at 98,000 sq. ft. Blue Mountain Commons currently under construction on 34 acres along Linglestown Rd, “Clock Tower Grove”, (former Vartan Supply Co. site) (See SCD, P. J130); tenants will also include Sonic; developer Cedar Shopping Centers (Thomas Richey), 44 S Bayles Ave, Ste. 304, Port Washington, NY 11050-3765, (516) 883-5577, Email: trichey@cedar shoppingcenters.com. Upper Pottsgrove: Carmike Cinemas plans to open a 14-screen, 2,300-seat
movie theater by Dec 31, ‘10 at the planned 150,000 sq. ft. Commerce Corner on 32 acres at E side of Rt 100, along commerce Dr (See SCD, P. J375); center to also include retail space, a bank and freestanding restaurants; developer Sapphire Development, 357 S Gulph Rd, Ste. 300, King Of Prussia, PA 19406, (610) 755-9201; leasing Legend Properties, 1001 E Hector St, Ste. 120, Conshohocken, PA 19428-1180, (610) 9414034, www.lpre.com. CANADA Corner Brook, NF: Hart department store to open a 30,000 sq. ft. store in spring ‘10 as part of the redevelopment of 176,000 sq. ft. The Valley Mall; tenants also include Sobey’s supermarket, a 15,000 sq. ft. Dollarama, Whole Health Foods, and Leisure World; mall also houses a retail art
gallery, bank and sporting goods store, as well as other smaller retail and fastfood outlets; units of 2,439 sq. ft., 1,850 sq. ft. and 1,900 sq. ft. are available; opened ‘81; leasing Crombie REIT (Craig Smith), 115 King St, Stellarton, NS B0K 1S0, (902) 7558100, Email: firstname.lastname@example.org. Mississauga, ON: Planned 160,000 sq. ft. Derry Village Square at NE of Derry Rd and NcLaughlin Rd; anchor Food Basics; opening summer ‘10; other tenants will include Bank of Montreal, Dollarama, Medical Centre/ Parmasave, Little Caesars Pizza, Hasty Market, Meena Cleaners, Image Optical, and Smarts Nails; leasing opportunities range from 1,250 sq. ft. to 37,765 sq. ft. with freestanding pads available; developer The Conservatory Group (Nick Endrizzi), (905) 4777609, Email: email@example.com.
UPSCALE SPECIALTY, LIFESTYLE MIXED-USE, ENTERTAINMENT ARIZONA Chandler: City council approves zoning change for a planned 386,000 sq. ft. Paseo Lindo “lifestyle village” on 68 acres at NE corner of Arizona Ave and Ocotillo Rd (See SCD, P. I886); anchor Target; project to also include other major and junior anchors, fast-casual and sit-down restaurants, as well as specialty shops; in addition, homes are being built on 27 acres N of the site; opening fall ‘10; developer RED Development, 6263 N Scottsdale Rd, Ste. 330, Scottsdale, AZ 85250, (480) 947-7772, www.reddevelopment.com. CALIFORNIA Del Mar: Upscale renovation planned for 272,567 sq. ft. Del Mar Highlands Town Center at Del Mar Heights Rd and El Camino Real in San Diego County (See SCD, P. F57); project to create a pedestrian-oriented atmosphere with casual shopping and dining by including such features as fountains, terraces and sidewalk cafes; anchors Ralph’s, Rite-Aid and Ultra Star Cinemas; 75 stores include Pet People and Jimbo's; parking 1,464 cars; opened ‘89; population 93,088 within five miles; average household income $170,208; developer Donahue Schri-
ber, 200 Baker St E, Ste. 100, Costa Mesa, CA 92626, (714) 545-1400, www.donahueschriber.com. Goleta: Ground has been broken on the initial phase of 254,000 sq. ft. Cabrillo Business Park on 96 acres at Hollister Ave and Los Carneros Rd, adjacent to the Santa Barbara Municipal Airport; mixed-use, six-building project to include 17,500 sq. ft. of retail, 175,000 sq. ft. of office space, and 72,000 sq. ft. of self-storage; developer Sares-Regis Group, 18802 Bardeen Ave, Irvine, CA 92612-1521, (949) 756-5959, Email: www.saresregis.com; leasing Pacifica Commercial Realty (Mark Mattingly and Greg Bartholomew), 222 E Carrillo St, Ste. 101, Santa Barbara, CA 93101, (805) 899-2400, www.pacificacommercial realty.com. Oxnard: A 148,655 sq. ft. Target to open in ‘11 at 600,000 sq. ft. The Collection mixed-use project with shops, restaurants, and entertainment currently under construction at N Oxnard Blvd, along Hwy 101 in West Ventura County; anchors will also include REI, Whole Foods, and Century Theaters; project to also include 58,000 sq. ft. of office space
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with future sites for a hotel and apartments; open-air shopping center is part of a larger 380-acre RiverPark master-planned development which is slated to open in ‘10; 58,000 sq. ft. of office spa; cedeveloper Shea Properties (Julie Ball), 130 Vantis, Ste. 200, Aliso Viejo, CA 92656-2691, (949) 3897000, www.sheaproperties.com. Ukiah: Developers to let voters determine if construction of a planned 650,000 sq. ft. Mendocino Crossings can move forward on 80 acres at defunct Masonite molded-door mill in Mendocino County (See SCD, P. J422); mega-center could include big-box stores, smaller retailers, restaurants, and homes; developer j/v David Berndt of TX and Developers Diversified Realty (Jeff Adams), 1401 Willow Pass Rd, Ste. 850, Concord, CA 94520, (925) 691-5589, Email: jadams@ddr. com. CONNECTICUT Bridgeport: Plans approved for $1.2 billion, 2.8 million sq. ft. SteelPointe Harbor marina redevelopment on 52 acres just off I-95 (part of the Steel Point parcel) (See SCD, P. I264); 15year project to include 650,000 sq. ft. to 800,000 sq. ft. of retail and entertainment space, 7,000 sq. ft of restaurant space, a hotel, 250,000 sq. ft. of office space; 250,000 sq. ft. of$1.2 parking 4,000 cars; Bridgeport Landing LLC and RCI Marine c/o Bilzine Sumberg Baena Price & Axelrod (Suzanne Amaducci-Adams) and RCI Marine, 300 Alton Rd, Ste. 303 Miami, FL 33139, (305) 672-5588. GEORGIA E Coweta: Proposed “Neely Pond” at Johnson Crossroads on 55 acres at Hwys 14 and 54 (near Sharpsburg and Turin) in Coweta County: 10 commercial buildings will be anchored by a 90,000 sq. ft. grocery anchor store and smaller buildings of 5,000 sq. ft. to 10,000 sq. ft.; in addition, there will be a fuel island, an automotive services business, expansion of an existing nursery, and public storage facilities; parking 500 cars; developer Thompson Lewis/Oakhill Properties IOWA Altoona: Zoning approved for a planned 1.46 million sq. ft. The Shoppes at Prairie Crossing open-air
lifestyle center on 200 acres adjacent to both Prairie Meadows Racetrack and Casino and Adventureland Amusement Park (See SCD, P. J523); anchor Bass Pro Shops 150,000 sq. ft.; developer Heart of America Development Group (Damen Trebilcock), 1501 River Dr, Moline, IL 61265, (309) 743-3263, Email: damentrebilcock@ hoari.com. KANSAS Topeka: former Best Western motel to be demolished to make way for a “non-mall retail” development on 18 acres at NW of SW 29th and Fairlawn Rds; project to include 12 to 15 commercial buildings tied together by open-air pedestrian areas; possible tenants include restaurants, banks, credit unions, and other businesses; in addition, there is room on the property for a "hotel, conference center, and stores"; developer Kent Lindemuth, 2831 SW Fairlawn Rd, Topeka, KS , (785) 272-9550. NEW JERSEY Atlantic City: $15 million, 45,078 sq. ft. third phase expansion could be completed by late summer ‘10 at 320,000 sq. ft. The Walk on seven city blocks at Atlantic, Arctic, and Michigan Aves (See SCD, P. J523); project to include a dozen new stores across the street from the Atlantic City Convention Center and next to a planned four-story parking garage; in addition, a fourth phase of development will include Atlantic City Live! entertainment venue featuring restaurants, nightclubs, live bands and stage areas; 70 existing tenants include Liz Claiborne, Pacific Sunwear, Tommy Hilfiger, Nautica, Levi’s, Fossil, Mikasa, Etienne Aigner, Candies, and Wilson’s House of Leather; opened ‘04; developer The Cordish Co, 601 E Pratt St, 6th Fl, Baltimore, MD 21202-3238, (410) 752-5444, www.cordish.com. NEVADA Las Vegas: Construction, which was halted in late ‘08, has resumed to prepare for the Holiday ‘10 opening of 370,000 sq. ft. Tivoli Village at Queensridge at Rampart and Alta; mixed-use urban lifestyle center to include retail, office, restaurant and entertainment uses; the center will also
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feature pedestrian-friendly streets with cobblestone walkways, scenic landscaping, and convenient amenities such as below-ground parking with direct access to shops; developer IDB Development Corp of Tel Aviv, Israel c/o EHB Companies, 9755 W Charleston Blvd, Las Vegas, NV 89117, (702) 940-6930, www.ehbinc.com. NEW YORK Irondequoit: Plans could still move forward for a long-awaited $260 million redevelopment of 784,000 sq. ft. Medley Centre (formerly Irondequoit Mall) on 50 acres at Rte 104 and Goodman Ave in Monroe County (See SCD, P. J355); public support has waned and the developer has fallen behind on a $500,000 payment to the town for mixed-use redevelopment to include retail, residential and hotel complex; anchors Macy’s, Sears, and a free-standing Target; 110 stores; parking 4.5/1000 cars; opened ‘90; population 600,000; average household income $65,000; developer Bersin Properties LLC (Scott Congel), 285 Medley Centre Pkwy, Rochester, NY 14622, (585) 266-6100. New York: Construction on schedule for a March ‘10 opening of 25,000 sq. ft. Limelight Marketplace at 6th Ave and 20th St (former Chelsea church) (See SCD, P. J498); $10 million renovation to include 70 shops, eateries and cafes, and two full-fleged restaurants; vendors will feature everything from high-end fashion, unique art work, home decor, and a candy shop; signed tenants include Caswell Masse, BR Cohn wine and olive oil, Hunter Boots, Little Miss Matched, Mari's Brownies, and 92nd Street Eyewear; developer James Mansour (Jessica Shrier), 656 Sixth Ave, New York, NY 10010, (212) 226-7585, Ext. 28, Email: jessica@limelight marketplace.com. West Bronx: City Planning Commission approves plans for the redevelopment of Kingsbridge Armory for 600,000 sq. ft. The Shops at the Armory at Kingsbridge Rd at Jerome Ave in Kingsbridge Heights (See SCD, P. J429); project to include large department store or big-box store, retail stores a movie theater and health club; (continued) 11/23/09
(continued) in addition, project to include at least 50,000 sq. ft. of community space and a youth recreation facility; developer Related Companies, 60 Columbus Circle, New York, NY 10023, (212) 421-5333, www.related.com. PENNSYLVANIA Dunbar Twp: Two new eateries American Gourmet Cafe and Sloppy Dogs - have recently opened at 305,706 sq. ft. Gator Laurel Mall on 57 acres at Rt. 119 South University Drive in Fayette County (See SCD, P. H286); anchor Pechin Super Foods; 16 stores; former are available; center also includes indoor and outdoor flea markets that occupy the extra space once occupied by Eckerd Drug Store and Ames, in addition, there is an 18hole indoor miniature golf course and other game/arcade and party facilities available; parking 2,100 cars; opened ‘71; population 28,430 within five miles; average household income $43,300; developer Gator Investments, 1595 NE 163rd St N, Miami Beach, FL 33162, (305) 949-9049, www.gatorinvestments.com. TEXAS Missouri City: UT Physicians has entered into a lease agreement for 8,882 sq. ft. with plans to expand to 24,000 sq. ft. at 80,000 sq. ft. Sienna Village currently under construction on 20 acres at Sienna Rand Rd and Sienna Pkwy (within the master planned, 10,500 acre community of Sienna Plantation) (See SCD, P. I184); mixed-use development to feature a variety of retail space options, including five pad site for banks, shops, and restaurants; community also include a 113,771 sq. ft. H-E-B Plus grocery store; developer Weaver, Davis & Jacob Realty Group (Scott Weaver), 16525 Lexington Blvd., Ste. 240, Sugar Land, TX 77479, (281) 313-0000, Email: sweaver@wdjrealty .com. WISCONSIN Rothschild: Work to convert part of the 250,000 sq. ft. Cedar Creek Outlet mall into “The Patriot Center” expo and convention center is nearing completion at 10101 Market St (See SCD, P. E346); additional improvements include exterior painting and stonework; in addition, landscaping
will be completed in the spring; opened ‘93; developer Tom Timblin, (262)
573-6003, Email: thtimblin@charter .net.
CENTERS WITH LEASE SPACE AVAILABLE ARIZONA Goodyear: 500,000 sq. ft. Market at Estrella Falls power center on 106 acres at Encanto Blvd and McDowell Rd and between Bullard Ave and 150th Dr (See SCD, P. J239); newest tenants Arriba Mexican Grill and Shoe Carnival; anchors Staples, Bashas’, Razmataz, TJMaxx/HomeGoods; 20 stores; opened ‘08; average household income $80,729; developer/leasing Westcor (Kim Choukalas), 11411 N Tatum Blvd, Phoenix, AZ 85028, (602) 953-6285, Email: kchoukalas@ westcor.com. Goodyear: 900,000 sq. ft. Canyon Trails Towne Center on 90 acres at Cotton Lane (Rt 303) and Yuma Rd in Maricopa County (See SCD, P. J239); anchor Cost Plus World Market joins SuperTarget, Ross Dress for Less, PetSmart, OfficeMax, and Home Depot; 45 stores; parking 4,276 cars; opened ‘08; population 97,061 within seven miles; average household income $68,119; developer/leasing Vestar Development Co, 2425 E. Camelback Rd, Ste. 750, Phoenix, AZ 85016-4220, (602) 866-0900, www. vestar.com. Goodyear: 300,000 sq. ft. Goodyear Centerpointe on 30 acres at I-10 and PebbleCreek Pkwy, at the McDowell Rd Commercial Corridor in Maricopa County (See SCD, P. I753); newest tenants include Home Spaces furniture store and Mega Furniture; anchors Sports Chalet, BevMo!, HomeSpace Furniture, and Babie R Us/Toys R Us; 26 stores; parking 1,511 cars; opened ‘07; population 155,463 within seven miles; average household income $65,232; developer/leasing Evergreen Development, 8311 E Via De Ventura, Scottsdale, AZ 85258, (480) 596-3714. CALIFORNIA La Mesa: 153,255 sq. ft. Rancho San Diego Village at Campo Rd and Avocado Blvd (See SCD, P. E513); newest signed tenant United States Martial Arts 1,550 sq. ft.; anchor Von’s
39,777 sq. ft.; other tenants include 24 Hour Fitness, CVS/Pharmacy, and Tuesday Morning; developer/leasing Regency Centers (Travis Farrell), 265 Santa Helena, Ste. 211, Solana Beach, CA 92075, (858) 847-4600, Email: firstname.lastname@example.org. Paso Robles: A 169,112 sq. ft. Lowe’s has opened as part of the grand opening of 291,612 sq. ft. Golden Hills Plaza on 26 acres at NW corner of Hwy 46 and Golden Hills Rd in San Luis Obispo County (See SCD, P. J312); anchors also include Bed, Bath & Beyond 25,000 sq. ft.; 19 will include Subway, El Pollo Loco, and The UPS Store; population 30,916 within five miles; developer/leasing Regency Centers, One Independent Dr, Ste. 114, Jacksonville, FL 32202-3842, (904) 5987000, www.regencycenters.com. IDAHO Nampa: 967, 326 sq. ft. Nampa Gateway Center on 104 acres at SE of the Garrity Blvd interchange with I-84 (See SCD, P. J472); a 120,000 sq. ft. Macy’s is the newest anchor tenant joining Sports Authority, Idaho Athletic Club, and JC Penney; in addition Edwards Theatres is schedule to open in Dec ‘10; opened ‘06; population 476,000 within 15 miles; developer/leasing Developers Diversified Realty (Erik Christopher), 455 E 500 S #Garden, Salt Lake City, UT 84111, (801) 323-2302, Email: email@example.com. ILLINOIS Country Club Hills: 450,000 sq. ft. Country Club Plaza on 450 acres at 167th St and Crawford Ave in Cook County (See SCD, P. J429); Real Dollar has signed a lease for 1,550 sq. ft.; leasing opportunities range from 1,000 sq. ft. to 2,500 sq. ft., and outlots are available for purchase or ground lease; anchor a 16-screen Loews Theater; 25 stores; opened ‘01; population 65,700 within three miles; average household income $54,658; developer/leasing Tucker Development Corp (Adam
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Moschin), 799 Central Ave, Ste. 300, Highland Park, IL 60035, (847) 9269999, Email: amoschin@tucker development.com. Niles: 330,000 sq. ft. Pointe Plaza on 30 acres on Touhy Ave, W of Skokie Blvd and Cicero Ave in Cook County (See SCD, P. H212); Brick House Tavern & Tap has signed a lease for a 6,575 sq. ft. outlot; spaces available from 1,500 sq. ft. to 3,500 sq. ft., as well as a junior anchor space of 30,122 sq. ft.; anchors Wal-Mart, Babies R Us, and Walgreens; other tenants include Starbucks, Men's Wearhouse, Bath and Body Works, and Jimmy John's; opened ‘00; population 659,924 within 5 miles; average household income $52,073; developer/leasing Tucker Development Corp (Adam Moschin), 513 Central Ave, Ste. 400, Highland Park, IL 60035, (847) 9269999, Email: amoschin@tucker development.com. MINNESOTA Woodbury: 350,000 sq. ft. Woodbury Lakes Lifestyle Center at I-94 E and Radio Dr (See SCD, P. J511); new owners; about 70,000 sq. ft. remains available; in addition, Melting Pot fondue restaurant is set to begin construction at the W end of the property and Kimchi Sushi and Asian Cuisine will replace the former Salsarita's space; anchors Trader Joe’s and Thomasville Furniture; 105 stores; opened ‘05; population 131,574 within nine miles; average household income $81,804; owner DMARC div. of LNR Partners Inc; leasing Welsh Cos (Michelle Surkamp), 7807 Creekridge Circle, Minnetonka, MN 55439-2609, (952) 897-7700, www.welshco.com. NEW JERSEY Clinton: 54,000 sq. ft. Arrow Mill Plaza on six acres at Rt 31 at Halsted Rd in Hunterdon County; a 47,000 sq. ft. anchor space available; tenants also include Radio Shack; average household income $122,000; leasing Net Property Group (Vincent Castagno), 116 Rt 22, North Plainfield, NJ 07060, (908) 226-0122, Email: vcastagno@ netproperties.us. NEW YORK Scarsdale: 250,000 sq. ft. Midway Shopping Center at Central Park Ave and Ardsley Rd in Westchester County
(See SCD, P. H401); center has significant vacancies; anchor Gourmet Garage; owner/leasing Lyle Steinberg, 1001 Central Park Ave, Scarsdale, NY 10583-3211, (914) 725-0808, Email: firstname.lastname@example.org. NORTH CAROLINA Cary: 122,783 Maynard Crossing at Maynard Rd and High House Rd; new owners; 96% occupied; anchor Kroger; 28 stores; opened ‘96; owner/leasing USAA Real Estate Co (Philip Moltz), 9830 Colonnade Blvd, Ste. 600, San Antonio, TX 78230, (210) 641-8487, Email: email@example.com. PENNSYLVANIA Levittown: 468,675 sq. ft. Levittown Town Center at Rt 13 and Levittown Pkwy in Bucks County (See SCD, P. J454); a 5,000 sq. ft. AT&T Mobility store has opened; 18 stores are now open and many more to follow by the end of the year; anchors Home Depot 98,000 sq. ft., Wal-Mart Supercenter, Ross Dress for Less, Famous Footwear, and Dollar Tree; opened July ‘09; average household income $71,689; developer/leasing DLC Management (Evan Podob), 580 White Plains Rd, Tarrytown, NY 10591, (914) 6313131, Email: firstname.lastname@example.org. Philadelphia: 103,244 sq. ft. Morrell Plaza at Franford Ave and Morrell Way; new owners; property is 10% vacant; anchor ShopRite; last renovated in ‘08; owner/leasing Levin Management Corp, PO Box 326, Plainfield, NC 07061-0326, (908) 7552401, www.levinmgt.com. Robinson Twp: 600,000 sq. ft. Settlers Ridge on 79 acres at Pkwy W and the newly-opened Ridge Rd interchange in Allegheny County (See SCD, P. J516); grand opening recently celebrated; anchors 150,000 sq. ft. Giant Eagle Market District supermarket, a 16-screen Cinemark theater, LA Fitness, and REI; in addition, a 60,000 sq. ft. Barnes & Noble to open spring ‘10, population 750,000 within a 20 minute drive; developer/leasing CBL & Associates Properties, Inc (Lewis Hilton), CBL Center, Ste. 500, 2030 Hamilton Place Blvd, Chattanooga, TN 37421-6000, (423) 490-8354, Email: email@example.com. VIRGINIA Fairfax: 145,000 sq. ft. Fairlakes
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
Promenade on W Ox Rd at the intersection of Fair Lakes Pkwy and Monument Dr (See SCD, P. F197); new property management company has been hired; anchors Old Navy and Barnes & Noble; leasing The Rappaport Companies, 8405 Greensboro Dr, 8th Fl, Mc Lean, VA 22102-5121, (571) 382-1200, www.rappaportco .com. CANADA Saint John, NB: The Saint John Superstore Mall on Rothesay Ave; spaces of 1,127 sq. ft. and 3,700 sq. ft. are available; anchors Atlantic Superstore and Staples Business Depot; average household income $0.00; leasing Arcturus Realty (John Reader), 650 Portland St, Dartmouth NS B2W 6A3, (902) 435-9562, Email: firstname.lastname@example.org. Etobicoke, ON: 119,424 sq. ft. Queen’s Plate Plaza at NE corner of Rexdale Blvd and Hwy 27, across from Woodbine Centre; spaces available from 1,252 sq. ft., 5,100 sq. ft. 10,600 sq. ft., which could be divided; anchors Winners, Staples, Mandarin, and Shoe Club Warehouse; other tenants include Wells Fargo, Subway, Rexdale Dental, and Curves for Women leasing The Conservatory Group (Nick Endrizzi), (905) 477-7609, Email: tcgleasing@ rogers.com. Waterloo, ON: 650,000 sq. ft. Conestoga Mall on 60 acres at King St and Conestoga Pkwy. (See SCD, P. J525); $75 million, 130,000 sq. ft. addition has recently opened; new stores include Ben Moss Jewellers, Pink, Aeropostale, Teaopia, Lids, Telephone Booth, Garage clothing, Eleventh Hour clothing, and Bath & Body Works; anchors The Bay, Winners, Zellers, Sport Chek and a 10-screen Galaxy multiplex; 100 stores; in addition, a newly expanded food court includes Spring Rolls to Go, Taco Bell, Villa Madina, Cultures, and Crepe Delicious; parking 1,868 cars; opened ‘78; population 151,285 within 8 miles; average household income $54,500; leasing Ivanhoe Cambridge Shopping Centres Ltd (Margaret Allison), 550 King Street N, Waterloo ON N2L 5W6, (519) 8865500, Email: mallison@ivanhoe cambridge.com. 11/23/09
RETAILERS SEEKING SPACE APPAREL American Eagle Outfitters, aerie, Martin + OSA, and 77kids of 150 Thornhill Dr, Warrendale, PA 150950788; currently operating 912 stores in 50 states, DC and PR and Canada; company to open a version of its 800 sq. ft. 77kids stores at the Mall at Robinson in Pittsburgh, PA, for 77 days and plans to open its first traditional version of that store in the second half of ‘10; seeking 5,500 sq. ft. in enclosed malls and lifestyle centers in “urban markets” such as Seattle, nationwide. Jeffrey E. McCauley, Senior Director of Real Estate, (651) 264-3120, Fax (651) 2643121, Email: email@example.com. Hennes & Mauritz (H&M) of 1 Dundas St W, P.O. Box 47, 18th. Fl Ste. 1808, Toronto, ON M5G 1Z3; currently operating 169 locations in the U.S., 55 in Canada, and about 17,500 stores in 28 countries; next store to open in Phoenix, AZ; company plans to expand into the South and in “big cities” including Manhattan, NY, Chicago, IL, and Los Angeles, CA; seeking 15,000 sq. ft. in streetfront locations, indoor shopping centres. Peter Liuzzi, Leasing and Expansion Manager, (416) 623-4300, Fax 416 260 0420, Email: peter.liuzzi@ hm.com. ARTS & CRAFTS/FABRICS Michaels Stores, Inc of 8000 Bent Branch Dr:, Irving, TX 75063; currently operating more than 1,000 stores in the U.S. and Canada; company is testing expansion into “big cities” and has opened its first store in Manhattan, NY as its “first urban footprint”; company will open or relocate 25 stores this year; seeking 17,000 sq. ft. to 18,000 sq. ft. in major metro market and 15,000 sq. ft. in smaller markets. Lance A. Weibye, Sr. Director - Real Estate, (469) 759-5561, Fax (469) 759-5593, Email: halcumbj@ michaels.com. AUTOMOTIVE Kal Tire of P.O. Box 1240, Vernon, BC V1T 6N6; currently operating 239 stores; plans moderate expansion in ON; seeking 4,000 sq. ft. to 5,000 sq. ft. for retail and 30,000 sq. ft. for showrooms in freestanding or mall units in “underserved markets” in both urban and
suburban locations. Murray Weeks, Manager-Design & Construction, (250) 542-2366, Email: murray_weeks@ kaltire.com. BARBER/BEAUTY SALONS Fantastic Sams of 50 Dunham Rd, 3rd Fl, Beverly, MA 01915; currently operating 1,321 stores in the U.S. and Canada; company plans to nearly double its store count in the next five to seven years; that’s between 100 and 200 new units annually, at least through ‘12; seeking 1,000 sq. ft. to 1,400 sq. ft. in neighborhood and community strip centers, downtown/central business districts, enclosed regional and super regional malls, lifestyle centers, outlet centers or power centers. Scott Colabuono, President, (978) 232-5600, Fax (978) 232-5601, Email: realestate@ fantasticsams.com DISCOUNT & VARIETY Dollarama of St Clair Ave E, Ste. 1003, Toronto, ON M4T 2V7; currently operating 585 stores Canada-wide; plan to open 40 stores per year and sees potential for 900 outlets in the near future; seeking 8,600 sq. ft. in strip malls or shopping centers. Larry Rossy, (416) 640-1044, Ext. 222, Fax (416) 6401048, Email: firstname.lastname@example.org. Family Dollar Stores, Inc of PO Box 1017, Charlotte, NC 28201-1017; currently operating more than 6,000 locations; 44 states; company plans to expand its business by opening more stores, renovateing older locations, and selling more to middle-income consumers who are looking for bargains; seeking 7,000 sq. ft. to 10,000 sq. ft. in freestanding, strips, and downtown locations, within urban markets nationwide. Thomas M. Nash, Senior Vice President - New Stores, (704) 708-7840, Email: email@example.com. DRUG STORES Shoppers Drug Mart dba Shoppers, Pharmaprix, and Shoppers Home Health Care of 243 Consumers Rd, North York, ON M2J 4W8; currently operating more than 1,100 stores Canada-wide; company plans to boost its real estate holdings by at least 10%, by expanding existing stores and building at least 50 new ones over the
next five years; seeking 5,000 sq. ft. in malls, and on high-traffic streetfronts; company also opened its first Murale beauty store at the Oakridge Centre in Vancouver, BC. Loreen Paananen, EVP, Retail Development, (416) 493-1220, Fax (416) 490-2782, Email: lpaananen @shoppersdrugmart.ca. ELECTRONICS / COMPUTERS Best Buy Canada c/o Paracom Realty Corp or Strategic Real Estate of 402 1001 W Broadway, Vancouver, BC V6H 4B1; currently operating 240 stores throughout Canada; plan to open 15 to 20 new stores in the next two to three years; seeking 25,000 sq. ft. to 30,000 sq. ft. in urban malls. Joe Rogers, (604) 683-5669, Fax (604) 683-2810, Email: firstname.lastname@example.org or Bernard Feinstein of Paracom, Eglinton Ave E, Ste. 601, Toronto ON M4P 3A1, (416) 483-1553, Fax: (416) 483-7657, Email: email@example.com. FOOD, CANDY, ICE CREAM Buffalo Wild Wing Grille & Bar of 3357 NW 173rd St, Oklahoma City, OK 73012; currently operating 633 stores in 41 states; company plans to open 29 new units in the fourth quarter; long-term, company would like to have 1,000 locations; in addition, remodeling of existing location will be completed sometime in ‘11; seeking 5000 sq. ft. to 7000 sq. ft. Real Estate Director, (405) 306-7774, Fax (405) 285-5368, www. buffalowildwings.com. Little Caesar’s of 2211 Woodward Ave, Detroit MI 48201-3400; currently operating about 2,000 locations nationwide and Canada; plans to open locations in Rhode Island; seeking 1200 sq. ft. to 1600 sq. ft. in power centers and convenience strips. Michael J. Atwell, V.P./Franchis Real Estate, (313) 9836300, Fax (313) 983-6232. P.F. Chang’s China Bistro and Pei Wei Asian Diner of 15210 N Scottsdale Rd, Ste. 300, Scottsdale, AZ 85254; currently operating 189 Bistros and 159 Pei Wei units nationwide; company plans expansion of its Pei Wie restaurant chain in the next two years; with five new Bistros and five new Pei Wei in ‘10; seeking 6,000 sq. ft. to 7,500 sq. ft. for Bistros and 3,000 sq. ft. to 3,300 sq. ft.
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
for Pie Weis; entering the Chicago, IL market and other existing markets. Real Estate Director, (602) 957-8986, Fax (602) 957-8998. Pizza Hut, A&W, KFC, Long John Silvers, Taco Bell, and WingStreet div. of Yum Brands Inc of 1441 Gardiner Ln, Louisville, KS 40213; currently operating 6,200 Pizza Hut locations; goal is to have its six-year-old WingStreet brand in 85% of its domestic Pizza Hut stores in the next two to three years; locations offer dine-in, delivery and drive-thru service; long-term, goal is to have 5,000 WingStreet store-in-store locations; seeking 2,500 sq. ft. in strip centers and freestanding locations throughout TX. Al Litchenberg, (972) 338-7700, Email: Al.Litchenburg@ pizzahut.com. Smashburger of 1515 Arapahoe St, Tower 1 Ste. 1000, Denver, CO 80202; currently operating 10 units in Denver, CO, and 1 unit in Wichita, KS; company plans to open seven restaurants in Southern CA; long-term, company plans to open more than 300 stores; seeking 1,800 sq. ft. to 2,200 sq. ft. in strip centers nationwide. Real Estate Director, (303) 633-1500, Email: realestate@ mysmashburger.com. Spring Rolls of Toronto, ON; currently operating 14 locations; locations include the smaller Spring Rolls to Go Concept in food courts and full-service restaurants; other expansion plans inlcude re-opening of renovated space in the Erin Mills Town Centre in Eglinton; seeking 4,000 sq. ft. to 5,000 sq. ft. in food courts to full restaurants in malls or street level sites in urban markets. Thai Hua or Kiely Hua, Email: firstname.lastname@example.org. Teavana of 3475 Lenox Road, Ste. 860, Atlanta, GA 30326; currently operating 135 specialty teahouses in 30 states; plan to open 30 new stores in ‘10 and 40 new stores in ‘11; seeking 800 sq. ft. nationwide in major malls iwth trade area over 250,000. Amy Claar-Pressley, (404) 995-8267, Fax (404) 995-8216, Email: email@example.com. Uno Chicago Grill div. of Uno Restaurant Holdings Corp of 100 Charles Park Rd, Boston, MA 02132; currently operating 200 restaurants in 28 states, DC. PR, and internationally; company is expanding its two new quick service concepts, Uno Express and Uno Due
Go; seeking 3,000 sq. ft. to 7,000 sq. ft. in malls, power, outlet and entertainment centers ,and freestanding locations nationwide. Maurice D. Molod, Sr Director of Real Sr Dir, (617) 323-9200, Fax (617) 218-5372, Email: maurie. firstname.lastname@example.org. Vocelli Pizza of 1005 S Bee St, Pittsburgh, PA 15220; currently operating 145 locations in eight states in the Eastern U.S.; company plans to open 12 new units in ‘10 and 30 locations per year after that; seeking 1,200 sq. ft. in strip centers in existing markets and DC; new drive-in locations require 2,500 sq. ft. Jack Sciabassi, Director Real Estate and Construction, (412) 919-2100, Fax (412) 937-9204, Email: jsclabassi@ vocellipizza.com. HOME DECOR / FURNISHING Ashley Furniture HomeStore of One Ashley Way, Arcadia, WI 54612; currently operating 140 stores nationwide; company has acquired a 39,200 sq. ft. former Wickes Furnitre store and has opened a new store there; seeking 57,000 sq. ft. in strip centers and malls. Director of Real Estate, (608) 3236207, Fax (608) 323-6136. OFFICE SUPPLIES OfficeMax, Inc of 263 Shuman Blvd, Naperville, IL 60563; currently operating 1,010 superstores including 932 locations in the U.S. and 78 stores in Mexico; company plans to open 12 new units, and to close up to 25 retail locations this year; seeking 20,000 sq. ft. in freestanding stores in power centers and shopping centers. Steve Cogan, SVP Real Estate and Store Development, (630) 864-6266, Email: stephencogan@ officemax.com. SERVICE Cash Converters Canada of National Head Office, 245 King St, Oshawa, ON L1J 2J7; currently operating 13 locations throughout ON, AB, BC and PEI Canada; company, which buys and sells used goods, plans to open up to 20 new locations; seeking 2,500 sq. ft.- plus for full stores and under 2,500 sq. ft. for mini-branches in strip malls in urban markets primarily in Southern ON and GTA. (905) 723-7313, Email: email@example.com. SPECIALTY Fresh Market Inc of 628 Green Valley Rd, Ste. 500, Greensboro, VA 27408-
©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
7041; currently operating 94 units in 19 states; plans to open 11 stores in ‘10; 15 stores in ‘11; 18 stores in ‘12; and 25 stores in ‘13; in addition, company will remodel 3 stores in ‘10, 5 in ‘11, 7 in ‘12, and 10 in ‘13; seeking 18,000 sq. ft. to 25,000 sq. ft. in lifestyle centers, neighborhood strip center, in pad site or outparcels or in freestanding buildings throughout AL, DC, DE, FL, GA, IL, IN, KS, KY, KA, MD, NC, NH, NJ, NY, PA, SC, TN and VA. Rob Koch, Director of Real Estate, (336) 272-1338, Fax (336) 272-5800, Email: robkoch@ thefreshmarket.com. SPORTING GOODS Big 5 Sporting Goods of 2525 E El Segundo Blvd, El Segundo, CA 90245; currently operating 382 stores in 11 states; company is expecting a doubledigit expansion; seeking 11,000 sq. ft. in malls, freestanding facilities, strip centers, and downtown areas throughout CA and other markets. Dorman Leighty, (310) 536-0611, Fax (310) 297-7645, Email: firstname.lastname@example.org. Dick’s Sporting Goods and Golf Galaxy of 300 Industrial Dr, RIDC Park West, Pittsburgh, PA 15275; currently operating 409 Dick’s and 89 Golf Galaxy stores in 40 states; company expects to have opened 29 stores in ‘09, which is more than expected; company recently open its first store in the state of WA and plans to open more there; seeking 50,000 sq. ft. for one-story stores and 80,000 sq. ft. two-story stores. Garrick Hagins, Director-Real Estate, (724) 273-3514, Email: Garrick.Hagins @dcsg.com. SUPERMARKET SuperValu, Inc dba Albertson’s, Acme Markets, Jewel-Osco, Bristol Farms, Shaw’s Supermarkets, and Star Markets of 11840 Valley View Rd, Eden Prairie, MN 55344; currently operating 4,300 stores including 1,200 tradional and premium stores; 1,180 Save-A-Lot stores, and 1,920 independent stores nationwide; double its Save-A-Lot stores over the next five years and will open 50 stores this year; discount format will be expanded rapidly; seeking 12,000 sq. ft. to 15,000 sq. ft. in freestanding locations, and power and strip centers. Matthew R. Desmond, Corporate VP Real Estate, (952) 828-4165,Fax (952) 828-4909, Email: email@example.com. 11/23/09
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CROSSROADS REGIONAL MALL Oklahoma City, OK
Distressed Sale Over 940,000 sf Over 90 Existing Tenants Situated on over 83 acres Intersection of I-35 and I-240 Purchase in aggregate or by parcel. For Information Call Paul Ravencraft Price Edwards & Company 405-239-1220 www.priceedwards.com/
Buy a New Walgreens Available in All 50 States 2009 EXPANDING RETAILERS
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Corporate Chick-fil-A A+ Suburban Location World's Leading Chicken Fast Food Chain. Area shows 300% Growth & $100K Incomes!
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NAIBT Commercial NEW WAL-MART Supercenter 20-Year Ground Lease Manchester (St. Louis), MO $19,640,000 Adjacent to Costco, Best Buy, Bed, Bath & Beyond and PetSmart
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©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960
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