Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXX No. XIV
April 10, 2015
FEATURING HOME-RELATED CHAINS EXPAND Harbor Freight Tools operates more than 500 locations nationwide. The home improvement stores, offering power, air and hand tools, building materials and lawn and garden supplies, occupy spaces of 15,000 sq.ft. in power, strip, value and regional shopping centers. Growth opportunities are sought throughout upstate NY during the coming 18 months, with representation by Vanguard-Fine, LLC. Typical leases run 10 years. Preferred demographics include a population of 125,000 within seven miles earning $40,000 as the average household income. For more information, contact Kenneth Brownell, Vanguard-Fine, LLC, 1529 Western Avenue, Suite 102, Albany, NY 12203; 518-862-0861, Fax 518-867-3082; Email: kbrownell@vanguardfine.com; Web site: www.vanguardfine.com. Tempur-Pedic operates more than 1,000 locations nationwide and internationally. The stores, offering mattresses and bedding materials, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in regional malls and lifestyle centers. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty, Inc. For more information, contact Bill Farkas, Jeffery Realty, Inc., 116 Route 22 East, North Plainfield, NJ 07060; 908-668-9600, Fax 908668-5225; Email: bfarkas@jefferyrealty.com; Web sites: www.jefferyrealty.com and www.tempurpedic.com.
Ace Hardware operates more than 4,800 locations nationwide and internationally. The stores, offering tools, electrical and plumbing items, paints, automotive parts and lawn and garden supplies, occupy spaces of up to 25,000 sq.ft. in freestanding locations or strip centers. Growth opportunities are sought throughout northern CA, OR and WA during the coming 18 months, with representation by Kidder Mathews. For more information, contact Rolland Jones, Kidder Mathews, 12886 Interurban Avenue South, Seattle, WA 98168; 206-248-6501, Fax 206-248-7342; Email: rjones@kiddermathews.com; Web site: www.kiddermathews.com. Ten Thousand Villages operates locations nationwide. The company offers handmade gifts, home décor, textiles, artwork and jewelry items, and prefers to occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in strip centers and urban/downtown areas. Growth opportunities are sought throughout CT during the coming 18 months, with representation by Saugatuck Commercial Real Estate, LLC. For more information, contact Marianne Adamo, Saugatuck Commercial Real Estate, LLC, 9 Burr Road, Westport, CT 06880; 203-2224194; Email: madamo@saugatuckcommercial.com; Web sites: www.saugatuckcommercial.com and www.tenthousandvillages.com. (continued on page eight)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 21,545 locations with plans to open 1,762 sites • Real estate valued in excess of $110 million to be bought, sold & financed • Leasing activity on over 6.3 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
POST-SHOW ICSC CAROLINAS IDEA EXCHANGE New Construction MPV Properties proposes mixeduse development with large scale retail in Charlotte, NC................ Pg. 3 Buyers and Sellers REZA closes the sale of The Strand, anchored by Forever 21............... Pg. 4 Who’s Opening and Where Orangetheory Fitness plans expansion in HI.......................... Pg. 5 Food Chains Expand Dolly’s Pizza heads southeast for growth opportunities.................. Pg. 6 Lease Signings Levin Management inks deal with Tuesday Morning................ Pg. 7 Making the News LandQwest Commercial taps director of asset services............. Pg. 7 Sources of Financing HFF secures financing for Lowe’s Home Improvement anchored center......................................... Pg. 7 Exclusives and Tenant Reps Baum Realty Group represents avenue in select markets of IL, IN and WI....................................... Pg. 8 Lead Sheet Amazing Lash Studios to enter GA............................................. Pg. 9 Warehouse Shoe Sale set on southern CA............................... Pg. 12 Space Place................................ Pg. 14