Page 1

Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXX No. XIX

May 22, 2015

FEATURING APPAREL CHAINS EXPAND NATIONWIDE Dress Barn, Inc. trades as dressbarn at 840 locations throughout the continental U.S. The stores, offering career and casual apparel and accessories for women ages 35 to 55 years, occupy spaces of 7,500 sq.ft. in malls, lifestyle, outlet, power, strip, tourist, community and regional shopping centers, as well as downtown areas. Plans call for more than 80 openings throughout the existing market during the coming 18 months. Preferred cotenants include grocery stores, apparel and soft goods retailers and discount department stores. Preferred demographics include a trade-area population earning a median household income of $60,000. Lane Bryant operates more than 800 locations nationwide. The stores, offering plus-size casual and career apparel and accessories for women ages 35 to 55 years, occupy spaces of 5,000 sq.ft. in strip centers. Plans call for 100 openings throughout the existing market during the coming 18 months. Typical leases run five years. Preferred demographics include a population of 100,000 within five miles earning $60,000 as the average household income. The company also trades as Catherines at 400 locations nationwide. The stores, offering women’s plus-size casual and career apparel, targeting women ages 45 years and up, occupy spaces of 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include Kohl’s, Target and T.J. Maxx.

Maurices, Inc. trades as Maurices at more than 900 locations nationwide. The stores, offering dress, casual and career apparel and accessories for women in their 20s, occupy spaces of 5,000 sq.ft. in malls, lifestyle, outlet, power, strip and community centers. Plans call for 70 openings throughout the existing market during the coming 18 months. Preferred cotenants include JC Penney, Kohl’s, Macy’s, Target and Walmart. Preferred demographics include a market population of 25,000 to 150,000 earning an average household income of $50,000 to $100,000. Tween Brands, Inc. trades as Justice at more than 900 locations nationwide, as well as in Puerto Rico and Canada. The stores, offering apparel and accessories for girls ages seven to 13, occupy spaces of 4,200 sq.ft. in malls, lifestyle, outlet, power, strip and community centers. Plans call for 70 openings nationwide during the coming 18 months. The parent company for all concepts is Ascena Retail Group, Inc. For more information regarding dressbarn, contact Elise Jaffe, Dress Barn, Inc., 933 MacArthur Boulevard, Mahwah, NJ 07430; 551-777-6101; Email: elise.jaffe@dressbarn.com; Web site: www.dressbarn.com. For more information regarding Catherines, contact Mark Mueller, 3750 State Road, Bensalem, PA 19020; 215638-6679, Email: mark.mueller@catherines.com. For more information regarding Lane Bryant, (continued on page forty-six)

THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 153,798 locations with plans to open 12,564 sites • Real estate valued in excess of $1.7 billion to be bought, sold & financed • Leasing activity on over 11.2 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE

ICSC RECON 2015 Observations & Conversations......

Pg. 6

2015 State of the Industry Report

Pg. 8

Feature | Negotiating The Retail Pg. 10 Lease – Unlocking The Black Box Who’s Opening & Where Jins Eyewear debuts U.S. store.......

Pg. 14

New Construction Tower Investments, Inc. to redevelop The Pier Shops at Caesars in Atlantic City, NJ............ Pg. 16 Buyers and Sellers Kite Realty Group Trust closes on a Whole Foods anchored center in Colleyville, TX............................... Pg. 18 Food Chains Expand Morton’s – The Steakhouse continues national growth............. Pg. 20 Supermarket Chains Expand Mariano’s Fresh Market on target to open 15 grocery stores in Chicagoland.................................. Pg. 22 Lease Signings Ripco Real Estate brokers anchor deal with Bob’s Discount Furniture Pg. 24 Exclusives and Tenant Reps Stirling Properties takes on leasing and management of Dillard’s anchored mall in FL....................... Pg. 34 Sources of Financing HFF closes $60 million in financing for Home Depot anchored site...... Pg. 56 Lead Sheet The Learning Experience to enter AZ, OR, TN and SC....................... Pg. 67 AFC/Doctor’s Express projects 100 openings nationwide..................... Pg. 68 Making the News SRS Real Estate Partners creates new position and taps new president of North America........... Pg. 74 Space Place...................................

Pg. 76

RECon Floorplan and Schedule.....

Pg. 97

Most Valuable Players...................

Pg. 112


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ALTHOUGH ALL INFORMATION REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE SUCH INFORMATION HAS NOT BEEN VERIFIED, AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF, AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE.


FEATURES

May 22, 2015 • ICSC RECon 2015

The Dealmakers’ 30th Year Anniversary and Special RECon Edition State of the Industry 2015 Report The Dealmakers’ annual report surveys thousands of retail real estate executives nationwide about trends and the health of the shopping center industry. Retailers are reshaping leasing parameters from shifts in primary lease terms to capital expenditures for store build-outs. Compared to 2010, the retail real estate industry has made a remarkable turnaround. Today, retailers are growing, rents are increasing and vacancy rates are declining nationwide. Experts forecast future interest rates and Cap rates, as well as the pipeline for new construction projects and acquisition opportunities. The report also names the top ten most attractive growth markets for retailers, most ideal footprint and what uses are the most prolific with new store growth. National expert opinions on the marriage of physical storefronts and virtual inventory and other cutting edge trends are explored. • Page 8

National news in this issue covers:

President/Publisher Ann O’Neal • ann@dealmakers.net

• Retail chains operating 153,798 stores with plans to open 12,564 locations by the end of 2016.

Editor Erin Dunkley • erin@dealmakers.net

• Acquisition opportunities and lending activity on retail real estate valued in excess of $1.7 billion

Editor Stephanie Weaver • stephanie@dealmakers.net

• Leasing activity and opportunities for 11.2 million sq.ft. of shopping center space

Creative Director Anthony Pingicer • anthony@dealmakers.net Account Executive Nicole Papa • nicole@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007

The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $344 per year U.S., foreign $419 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630.

Observations and Conversations Ann O’Neal, publisher of The Dealmakers, provides candid commentar y of what’s happening in the shopping center industry. Page 6

Negotiating the Retail Lease – Opening the Black Box Ellen Sinreich, Founder and Managing Principal of The Sinreich Group law firm, provides a new legal perspective with insights into the dynamics of getting deals done and ideas on how to speed up the process. Page 10

Pages 97–99

The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2015 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.

Page 4 | May 22, 2015

Dealmakers Magazine | www.dealmakers.net


261 FIFTH AVENUE NEW YORK, NY

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Visit Us at S249 Q Street at RECon 2015.


OBSERVATIONS AND CONVERSATIONS RECon is the catalyst for refilling the pipeline of deals; it’s as important to our industry as Christmas is to retailers. Make the most of it! Ann O’Neal Welcome to The Dealmakers’ 30th RECon special edition! This week’s issue has great leads and an excellent feature article breaking down the lease negotiation process and ideas of how to speed it up. Also this issue includes The Dealmakers’ state of the industry report. A few of the notable findings in the report reflect a shift in the paradigm of industry standards. For me, the most interesting feedback from the survey is that retailers are pushing for shorter primary terms. It’s a drastic change, with small shops negotiating for five-year terms and more regional and national chains signing 10-year deals, rather than the norm of 20 years. This is a nationwide shift and covers all retail sectors. After digesting the results of the survey, I called a few friends to find out why retailers are changing their attitude and how aggressively are chains holding the line to call a longer primary term a deal breaker. Most of them feel as though this is a reaction by the retailers to hedge against a future economic downturn, and for the retailer to have more flexibility to relocate or renegotiate terms for a renewal rather than lock in at a steep predetermined increase. This change not only is affecting landlords of existing space, but also owners of new retail developments. It’s also hitting the brokerage community hard by cutting their commissions in half and it has far reaching and longterm effects for owners with refinancing and determining accurate Cap rates. Other nuggets of information from the survey include a look at forecasts for interest rates, land and construction costs, pipeline of acquisition opportunities and what the traditional shopping center tenant mix will be in the future. The results show that new development is sluggish and not because of lack of demand, but for lack of land to develop on. In turn, more developers are converting and redeveloping outdated retail and mixed-use sites. The report highlights some of the most cutting edge chains marrying physical stores fronts with a virtual inventory. The survey also includes statistics on where retailers are growing, optimum footprints and what types of shopping centers are preferred. As expected, restaurant and food concepts have the highest projections for opening new locations than any other retail use. My take away after reading the responses and crunching the numbers is that everyone feels comfortable that for the next few years, we’ll be okay, and it should be business as usual, barring a global catastrophe. The report is a long and dry read, but I promise you will learn something. The best thing about RECon is the chance to catch up with old friends. Relationships will always be the core of our industry. It doesn’t matter if it’s your first year or if you’ve been in the business for decades, relationship building is an extremely important part of our industry and RECon is the perfect opportunity to forge lifelong friendships. The cocktail parties and dinners with clients are as important as having your appointment schedule stacked with backto-back meetings for three days straight.

to get to RECon, you should block off some time to investigate what other companies are doing and what projects are being marketed. When you are an exhibitor, it’s easy to get locked in a vacuum at your booth for the entire convention, especially if your boss counts the quantity of your meetings more often than the quality. It’s a lot of ground to cover in three days, but it is so much easier than the old days when meetings where scattered throughout hotel suites. I’ve been exhibiting at the Vegas convention for so long, I remember when the ICSC launched the Leasing Mall in 1982. The one thing that hasn’t changed about the convention is the tremendous work load that hits all of us during the month or two before RECon, just in preparation for a three-day event. It’s worth the extra effort, no doubt. RECon is the catalyst for refilling the pipeline of deals; it’s as important to our industry as Christmas is to retailers. Make the most of it! Thankfully, The Dealmakers is still as relevant today as it was three decades ago. With the support of a great staff, devoted subscribers and loyal advertisers, The Dealmakers survived the sharp turns and thirty years later, it’s better than ever. I was feeling nostalgic and pulled out a box back issues of The Dealmakers from 1991 to 1997. It warmed my heart to see so many advertisers from the good old days that are still running ads in The Dealmakers’ 30th anniversary issue. I owe a special thanks to the folks at The Feil Organization for being our first advertiser and for their continued support. For the past 20 years or so, ARC Properties, Bennett Williams, Breslin Realty, Carolina Holdings, DLC Management, The Goldstein Group, Hallmark & Johnson, Hutensky Group, Kin Properties, Levin Management, RD Management and R.J. Brunelli have been advertising in The Dealmakers’ RECon issue; thank all of you for helping us celebrate our 30th! I also want to recognize Excess Space for taking a leap of faith with me as the first customer when I launched our Eblast service. Back then electronic marketing was unheard of in our industry and Excess Space was willing to be a pioneer. Also, a special thanks to all of you that helped with your input for The Dealmakers’ 2015 State of the Industry Report. My appreciation for all of you is beyond words. I have to wrap it up. Stop by and see us at booth #283 in the South Hall on Q Street. We’ll be giving away iPads and other fun prizes. Just drop off your business card at our booth to enter and hopefully, win. There will also be demonstrations in our booth of The Dealmakers’ digital directories of retail, restaurant and freestanding tenants, so stop by if you need leads to lease your space or sell your pad sites. If I miss you on the floor of the show or at the cocktail parties, have a great convention! Here’s to making more deals,

Ann O’Neal, Publisher

I’m always amazed at how few exhibitors actually walk the convention floor. If you’ve committed that much energy and money

Page 6 | May 22, 2015

Dealmakers Magazine | www.dealmakers.net


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STATE OF THE INDUSTRY 2015 by Ann O’Neal

The majority of developers, landlords and brokers who responded to The Dealmakers’ survey expect an uptick in new store openings for the next two years. Expectations of future retail leasing activity ran the gamut of little change from this year to forecasting a big upswing. Brenna Wadleigh, CEO and President of N3 Real Estate, a national real estate investment and development firm with a retail portfolio spanning 23 states, countered the mainstream thought that growth will continue at a fast pace with the caveat, “Unless rents catch up with construction and land costs, I don’t expect retailers to increase their projections for new stores.” Ralph Cram, President and Manager, of Envoy Net Lease Partners, LLC, a provider of highleverage construction and gap financing for single-tenant, build-to-suit projects, expects to see retailers “significantly” increase store opening projections in the coming years. David Goodman, Principal of Equity Retail Brokers, a retail real estate company offering investment sales, leasing and tenant representation in Pennsylvania, New Jersey and Delaware, added, “Yes, retailers will be opening more locations, as the retail sector continues to be healthy.” Moreover, Gregory Gang, Executive Managing Director of Coldwell Banker Commercial Alliance added, “As long as the consumer confidence remains strong, growth will continue.” A sustained and robust job market should translate into retailers opening additional locations over the next few years. Most of our experts foresee the marriage of online and brick-andmortar retail sales, but few have put together a winning formula for the retailer, landlord, wholesaler and the shopper. The intersection of retail sales in a virtual and physical setting is evolving rapidly. Millennials are tech-centric and expect not only a curated shopping experience, but also a wide merchandise assortment that includes custom and unique goods. Technology savvy retailers are addressing how to generate sales in the store, logistics for off-site warehousing and on-demand delivery, customization, right-sizing store footprints, employing mobile apps and social Brick-and-mortar retailers realize media to connect that the internet can help their with customers and creating a dynamic stores; it won’t replace them. shopping experience. An example of a start-up concept addressing omni-channel retailing is being launched by former executives of Curacao, a department store chain catering to Latinos. The new concept will also serve the Latino market, but it is envisioned by the founders as a hybrid of brick-andmortar store front with virtual inventory. The retailer will utilize 5,000 sq.ft. storefronts in urban areas, in addition to 10,000 sq.ft. and 30,000 sq.ft. footprints. The merchandise mix will be primarily hard lines including consumer electronics and appliances, furniture, toys, cosmetics, jewelry and sporting goods. In its smaller store format, customers will use a web-based kiosk for product details and shipping options, along with the retailer providing in-house financing options. Inventory will be shipped to regional warehouses and delivered to the store or drop-shipped directly to the customer. The start-up is expected to roll-out its first two stores this year trading as Star World. The founders of Star World are reshaping the traditional retail format by embracing technology’s unprecedented and rapid pace of advancements, in addition to the restructuring of operational functions within a retail store to an omni-channel environment melding virtual and physical space. Page 8 | May 22, 2015

Another retail concept integrating technology within a storefront space is Sizzy. The retailer’s storefront provides precise measurements with 3-D body scans, so customers can review product details for measurements before they purchase clothing or footwear and will be less likely inconvenienced with a return or waste time in a dressing room. The Sizzy store format is similar to a tanning salon with a receptionist area and private booths equipped with 3-D body scanners. The retailer charges €9 for basic body or foot scan and up to €79 for a print out with more detailed measurements. The first Sizzy store recently opened in Paris, France and plans call for six units opening by the end of summer, followed by 20 stores in 2016. The company is exploring an entrance to the U.S., once it gains a foothold in Europe. Sizzy is similar to New York-based Acustom Apparel, which also offers 3-D body scanning, however Acustom Apparel also provides custom clothing for men. More retailers are exploring the use of mobile apps and Retail chains are partnering social media to empower with Ebay to implement sales associates to connect one-on-one with customers, “smart” fitting rooms. in addition to providing a commission compensation that can be earned not only just while the retail associate is on the retail sales floor. Nordstrom is rolling out its customized shoe offerings through a partnership with Shoes of Prey, an Australianbased online store selling custom shoes for women at price points up to $300 with 170 options. Nordstrom customers use a tablet to design their shoes. The design studios are staffed with “shoe stylists” and in four weeks the shoes are available for in store pick-up or shipped directly to the shopper. Nordstrom, Macy’s, Bloomingdale’s and Rebecca Minkoff are partnering with Ebay to implement “smart fitting rooms” and more retail chains are striving for “connected stores.” Smart fitting rooms and connected stores not only offer the shopper more options and time efficiencies, they also supply data regarding shopping patterns to retailers and vendors in real-time using radio signal-emitting tags. Chuck Lanyard, President of Retail Brokers Network, a global organization of retail brokers with 65 offices, explained, “Retailers, including regional chains and mom-and-pop stores are utilizing the internet more than they did just three or four years ago. There’s no question there will be impact going forward.” Goodman added, “Brick-and-mortar retailers realize the internet can help their stores; it won’t replace them.“ Shopping habits continue to evolve, and in keeping with the pace of consumer demand, paying attention to understored uses and filling that void is key to successful shopping centers. Respondents cited tenants offering services as the most underrepresented use, (continued on page thirty-eight)

Dealmakers Magazine | www.dealmakers.net


FOUR PARK AVENUE NEW YORK, NY

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Multi-Million Dollar Façade Renovation in Progress

1,000 SF Ground Floor Frontage 31' Park Avenue Ceiling Height 16'

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Area retailers include Staples, Chipolte, Starbucks, Pret A Manger, New York Sports Clubs, Subway, Chase, TD Bank, and Dunkin’ Donuts

Two blocks east of the Empire State Building which boasts up to 20,000 tourists a day

Adjacent to public transportation 6

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4

7 Penn Plaza, NY, NY 10001 :: 212.563.6557 Randall Briskin x218 :: rbriskin@feilorg.com NOTHING BEATS 60 YEARS OF STABILITY.

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Visit Us at S249 Q Street at RECon 2015.


NEGOTIATING THE RETAIL LEASE: UNLOCKING THE BLACK BOX by Ellen Sinreich

Ellen Sinreich Founder and Managing Principal • The Sinreich Group

As the retail real estate industry gets ready for its annual pilgrimage to Las Vegas for RECon 2015, where thousands of owners, developers, tenants, brokers and lenders will focus on the sale, purchase, leasing and financing of shopping centers all over the globe, it occurs to me that the fortunes of everyone at RECon, including mine of course, are linked to the occasionally welcomed, but most often dreaded, legal process of negotiating retail leases.

Every year at RECon elements of this process are engaged in, discussed and even haggled over. Thinking back to the many times that I’ve engaged in, discussed and haggled over the process at RECon, I realize that for many professionals in the retail real estate industry, the legal leasing process is a black box. Once the brokers and principals agree to a few salient business terms, the lease disappears into that black box and there is little understanding of exactly what the process is, let alone how to successfully manage it. So this year I’ve decided to step forward and open up that black box ---- the legal process of commercial leasing ---- before RECon 2015 and share my secret sauce for managing it. Opening the Black Box The legal process of commercial leasing can, at its most basic level, be summed up by imagining two intersecting axes of conflict that the attorneys need to traverse as they move toward the finish line. The first axis represents the conflict between precision and urgency. The need for precision can be likened to the need for adequate insurance. The hope is that you’ll never need to depend on it, but boy if you do, having it is essential. The conflicting tension at the other end of this axis is the urgency to get the lease signed. This stems from the reality that time kills deals and the longer your lease lingers in the black box, the more likely it is that the other party will be distracted by a cute new puppy or the shiny penny over there that will trump the lease in the box. Page 10 | May 22, 2015

The second axis represents the conflict between the desire to get it all, or go for the jugular, and the need to accommodate the other side and pursue win-win solutions. At a certain point in every transaction, urgency trumps precision and the need to accommodate trumps the desire to get it all. But there are an infinite number of paths to that all-important point and figuring out the most direct one is often tricky. In addition, knowing you’ve arrived at that point can be elusive and requires an intuitive sixth sense that even the most experienced attorneys don’t always have. The result is often a process that takes too long, costs too much and jeopardizes the outcome. So the $64,000 question, or in some cases the $64,000,000 question, is how can the often murky maneuverings that take place in the black box be managed most efficiently and effectively, so the certainty of success is maximized. Let’s take a deeper dive into what goes on in there and I’ll show you how I do it. Precision vs Urgency First let’s focus on the precision vs urgency axis: the conflict between the need to get everything right and the reality that time kills deals. To effectively traverse this axis, the starting point for me with every new client is to earn the right to move fast. By demonstrating command over the details and nuances of the transaction at hand in a way that transcends that particular transaction, I make sure that my client gains a strong level of comfort that they made the right choice of attorneys. Simultaneously, I find out where my client’s focal point is on the urgency/precision continuum generally and specifically for the lease we are working on. Some of my clients read every word of every document they sign and for them, precision down to crossing every “t” and dotting every “i” is crucial. I have other clients who take more of a big picture approach. In fact, one recently said to me: “We’re not interested in crossing the ten “t’s” in every sentence, eight out of ten will do. We’re much more interested in getting the deal DONE. But of course,” he added, “We need to protect ourselves and make sure the document accurately reflects the deal.” Achieving Precision As this client articulated, no matter where a client stands on the precision vs urgency axis, every client needs to know they have an (continued on page sixty-two)

Dealmakers Magazine | www.dealmakers.net


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Visit Us at S249 Q Street at RECon 2015.


LEVIN’S FEATURED OPPORTUNITIES IN NJ, NY & PA Mayfair Shopping Center I Commack, NY

GLA: 220,985 SF Stein Mart to Open First Store in Long Island at Mayfair Shopping Center

• • •

220,985-square-foot grocery-anchored center with national tenants situated on heavily traveled Jericho Turnpike. Great demographics with a population of 205,313 within a 5-mile radius, and an average household income of $133,541 within just one mile. Newly built 3,750 SF end cap and a 6,507 SF for restaurants and inline spaces ranging from 1,280 to 2,500 SF. Leasing Contact: Jake Frantzman 908-226-5266 jfrantzman@levinmgt.com

Bradford Plaza I West Chester, PA

GLA: 160,970 SF

• • •

Join Giant and Petco Available Retail Spaces include Inline, End Cap & Pad Site 160,970-square-foot center anchored by Giant on Downingtown Pike and Routes 322 & 162. Great tenant mix with strong national tenants including Walgreens, Dollar Tree and Sally Beauty. Located in the heart of Chester County with quick access to major roadways. Abundant parking and signalized access from Route 322. Population over 105,000 with 16 public schools within a five-mile radius. Inline and end cap spaces available between 1,318 to 7,892 SF, with 4,300 SF proposed pad site approved for drive-thru. Leasing Contacts: Chris Gardyasz 908-226-5382 cgardyasz@levinmgt.com Marcia Minton 908-226-5268 mminton@levinmgt.com

Visit us at RECON Booth S243S in Las Vegas, Nevada on May 18-20. Call 800.488.0768 for an appointment. 6 Decades of Creating Value for Owners of Retail Real Estate


LEVIN’S FEATURED OPPORTUNITIES IN NJ, NY & PA Bordentown Plaza I Bordentown, NJ

GLA: 178,678 SF

• • • •

New Redevelopment of ShopRite Anchored Center on Route 206 178,678-square-foot, ShopRite-anchored shopping center at a busy intersection on the southbound side of Route 206, offering easy access from Route 130, interstates 95, 195 and 295, and the New Jersey Turnpike. ShopRite is slated to undergo a complete renovation and expansion, which will coincide with a full property update and repositioning. Leasing availabilities feature flexible multi and singletenant opportunities, with up to 120,000 contiguous square feet available. The redevelopment will include two proposed pad sites as well. The property features two access points, including signalized ingress from Route 206. Leasing Contact: Gloria Mercado 908-226-5270 gmercado@levinmgt.com

Sample design of how ShopRite will be renovated and expanded in Bordentown Plaza. The entire center will be redeveloped.

Stafford Park I Manahawkin, NJ

GLA: 650,000 SF New Development +/-125,000 SF Anchor with Junior Box, Inline, and Pad Sites along Garden State Parkway, Exit 63

• • •

Remaining in existing phase I up to 35,426 SF in existing development which includes two pad sites. Ready to be built in Phase II up to 142,500 SF. National big box co-tenancy and regional draw with key tenants including Target, Costco, Best Buy, Dick’s Sporting Goods, PetSmart, Olive Garden and Ulta. Visible and directly accessible from heavily trafficked Garden State Parkway (Exit 63). Just over 2 miles to bridge to Long Beach Island. Leasing Contacts: Jake Frantzman 908-226-5266 jfrantzman@levinmgt.com Marcia Minton 908-226-5268 mminton@levinmgt.com

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WHO’S OPENING AND WHERE Publix Super Markets, Inc. (863-680-5371) is planning to open a 49,000 sq.ft. Publix Market along Randolph Road in Cotswold, NC during 2016. Plans also call for a 49,000 sq.ft. supermarket to open at Brawley Commons, located at the intersection of Brawley School Road and Williamson Road in Mooresville, NC during 2016. The company is also opening a 45,600 sq.ft. grocery store along US 231 South in Troy, AL during early 2017. It will be the company’s first location in the city. Additionally, the company has several other stores in development throughout AL, including one in downtown Birmingham. The chain of supermarkets currently operates 1,097 locations throughout six states in the southern region of the U.S. Gosh Enterprises, Inc. (614-923-4700) is planning to open 45 Charley Philly Steak restaurants nationwide this year. The company currently operates 550 locations worldwide. A new concept for the company, Bibibop Asian Grill, is poised to open at least eight restaurants this year, followed by a dozen more during 2016. Most of the locations will be mall-based.

Food Matters Market (828-885-3663) is planning to open 15 to 18 supermarkets throughout the Southeastern region of the U.S. by 2018. The company prefers to occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. Preferred area demographics include a trade-area population of 15,000 to 30,000. The chain of specialty supermarkets offers organic and sustainable food items. The Joint Corp. (480-245-5960), through franchise expansion plans, is looking to expand The Joint Chiropractic clinics into AL, CA, FL, KS, NC, NJ, NM, OH and PA. The company provides affordable chiropractic treatment and related wellness services, as well as offering no insurance and no appointment policies and currently operates more than 250 locations nationwide. Adidas Group North America (971-2342450) is planning to open 55 Adidas stores nationwide over the next 30 months. The company offers footwear and sporting apparel for men, women and children.

Jins Eyewear (415-445-9170) recently opened its first U.S. location along Powell Street in the Union Square neighborhood of San Francisco, CA. The company, offering eyewear and related products, currently operates 300 locations throughout China and Japan.

Signet Jewelers (866-249-2593) is testing a new concept trading as Le Vian by Jared at Roosevelt Field Mall in Garden City, NY. Plans also call for additional locations to open in Knoxville, TN and Dulles, VA. The company is also planning to open 25 Zales locations and 10 Piercing Pagodas stores this year.

Sizzy (www.sizzy.com) is planning to open stores throughout the U.S. and Europe. The concept, featuring 3D body scanners, measures customers’ body measurements for precise fittings of fashions for men and women. The company recently opened a store in Paris, France.

Tractor Supply Co. (615-366-4600) is planning to open 110 to 115 stores during this fiscal year. The company offers work apparel and footwear, lawn and garden equipment and agricultural supplies and currently operates more than 1,400 locations nationwide.

Wal-Mart Stores, Inc. (479-273-4000) is planning to open a Walmart Neighborhood Market at the site of a former Piggly Wiggly supermarket along Tift Avenue in Tifton, GA during early 2016. The store will include a deli, pharmacy and a fueling station. The company also has plans to open Walmart locations at Skyland Shopping Center and Capital Gateway in Washington, DC. Trading as Walmart, Walmart Supercenter, Walmart Neighborhood Market and Walmart Express, the company currently operates more than 11,400 locations worldwide. Pet Supplies Plus (734-793-6532), through franchisees, is opening locations throughout Atlanta, GA; Raleigh, NC; Tampa, FL; Minneapolis, MN; St. Louis, MO; Denver, CO; Houston, TX and Nashville and Memphis, TN. The chain projects 25 store openings this year. The company, offering pet food, pet products and grooming services, currently operates more than 300 locations throughout 25 eastern states. Macy’s, Inc. (513-579-7000) is planning to open a 150,000 sq.ft. three-level Bloomingdale’s store at a mixed-use development located in Norwalk, CT during fall 2018. The company is also planning to open a Bloomingdale’s store at Ala Moana in Honolulu, HI this fall. The chain currently operates 885 locations nationwide and in Guam and Puerto Rico under the trade names Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and Bluemercury. Costco Wholesale Corp. (425-313-8100) is planning to open a Costco Wholesale store at a shopping center under development in Lower Macungie Township, PA. The company will join Whole Foods, Target, Dick’s Sporting Goods, Five Below, Old Navy, DSW, Pier 1 Imports and Ulta at the site. The center is slated to open during summer 2016. The chain of wholesale clubs offer bulk food items, family apparel, household goods and furniture, as well as automotive and pharmacy services. Philly Pretzel Factory (215-226-6068) is planning to open between 50 and 100 locations nationwide annually during the coming five years. The company currently operates 148 locations throughout 10 states. Good Times Restaurants (303-384-1400) plans to open Bad Daddy’s Burger Bar restaurants throughout CO. The company currently operates 13 Bad Daddy’s Burger locations and three Good Times restaurants.

Tractor Supply is planning to open 110 to 115 stores this fiscal year. Page 14 | May 22, 2015

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NEW CONSTRUCTION Legend Properties is proposing the development of Mary Ann’s Plaza, a 14,000 sq.ft. strip center situated on four acres at the intersection of Route 873 and Schneck Road in Schnecksville, PA. Shop spaces from 1,000 sq.ft. to 11,000 sq.ft. will be available. Area retailers include Weis. Area demographics include a population of 32,620 within a fivemile radius earning $78,450 as the average household income. The average daily traffic count is 18,000 vehicles. The project is slated to open during January 2016. For more information, contact Harold Simms, Legend Properties, 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034, Fax 610-941-4038; Email: hsimms@lpre.com; Web site: www.lpre.com. Silbert Realty & Management Co., Inc. is preleasing the redevelopment of Somerville Town Center, a mixed-use center located along West Main Street in Somerville, NJ. Ground level retail spaces are available, along with endcaps. The site features a 223-unit luxury residential component, and a 78,000 sq.ft. ShopRite supermarket will anchor the retail portion. The site is across from Somerville Train Station. Area retailers include Target, Marshalls, Costco, Bed Bath and Beyond, Great Clips, PetSmart, GNC, Kohl’s and Lowe’s Home Improvement. Area demographics include a population of 410,369 within a 10-mile radius earning $125,774 as the average household income. For more information, contact Silbert Realty & Management Co., Inc., 85A Division Avenue / PO Box 406, Millington, NJ 07946; 908-604-6900, Fax 908-604-2030; Email: info@silbertrealestate.com; Web site: www.silbertrealestate.com.

ARC Properties, Inc., in partnership with Velocity Capital, is preleasing a proposed 1.7 million sq.ft. mixed-use development located at the intersection of Central Avenue and Capital Beltway/Interstate 495 in Prince George’s County, MD. Plans call for 100,000 sq.ft. of retail space with pad sites, a 150,000 sq.ft. office component, two hotels totaling 300 rooms and 700 residential units. Area retailers include Home Depot, The Sports Authority, DSW, Pier 1 Imports, hhgregg, Shopper’s World, Five Guys Famous Burgers and Fries and Chuck E. Cheese’s. Area demographics include a population of 245,236 within a five-mile radius earning $79,120 as the average household income. The average daily traffic count along Central Avenue is 54,000 vehicles. For more information, contact Michael Ambrosi, ARC Properties, Inc.; 973-2491116; Email: mambrosi@arcproperties.com, Web site: www.arcproperties.com. For additional information, contact Marc Antonio, Velocity Capital; 410-630-6925; Email: mantonio@velocitycapital-llc.com. Spectrum | Emery and Oliver McMillan are redeveloping the Nashville Convention Center, situated on 6.2 acres between Broadway and Fifth Avenue in Nashville, TN. Plans include 205,000 sq.ft. of retail, restaurant and entertainment space, apartment units in a 27-story tower, office space and a 50,000 sq.ft. National Museum of African American Music, along with a public parking lot for 781 vehicles. For more information, contact Pat Emery, Spectrum | Emery, Four Corporate Centre, 810 Crescent Centre Drive, Suite 560, Franklin, TN 37067; 615656-2590, Fax 615-656-2596; Web site: www.spectrumemery.com.

Central Realty Holdings is preleasing the expansion of Pelham at 85, a mixed-use project located along Pelham Road in Greenville, SC. Plans call for 77,000 sq.ft. of additional retail space and a 100-unit hospitality component. Area retailers include McDonald’s, Chick-fil-A, Ruby Tuesday, Bojangle’s, Jack-in-the-Box, Hardee’s, On the Border, Starbucks, Curves, The UPS Store, Earth Fare, Advance Auto Parts, BiLo, Walmart and CVS. Area draws include MeSA Soccer Complex. Area demographics include a population of 110,412 within a fivemile radius earning $68,733 as the average household income. The average daily traffic count is 25,000 vehicles. The company is also preleasing NorthPointe, a mixed-use development located at the intersection of Wade Hampton Boulevard and East Stone Avenue in Greenville, SC. Plans call for 25,000 sq.ft. of retail space, a 53,000 sq.ft. grocery store and 282 apartment units. Area demographics include a population of 150,611 within a five-mile radius earning $52,537 as the average household income. The average daily traffic count is 18,700 vehicles along Stone Avenue. For more information, contact Todd Hardaway, Central Realty Holdings; 864250-9402; Email: thardaway@crhsc.com; Web site: www.crhsc.com. Tower Investments, Inc. is redeveloping The Pier Shops at Caesars, a 500,000 sq.ft. project located along the boardwalk in Atlantic City, NJ. The site is adjacent to Caesars casino and will include a 2,000-seat music venue. For more information, contact Bart Blatstein, Tower Investments, Inc., 1033 North Second Street, Suite 2A, Philadelphia, PA 19123; 215-467-4600, Fax 215-7558666; Email: info@towerdev.com; Web site: www.towerdev.com. The Nichols Co. is proposing the redevelopment of North Park Mall, a 103,443 sq.ft. shopping center situated on 12.880 acres at the intersection of North Tryon Street and Eastway Drive in Charlotte, NC. Up to 56,000 sq.ft. of big box space is available. Area retailers include Auto Zone, Meineke, Family Dollar, Kimbrell’s Furniture and Captain D’s. Area demographics include a population of 226,690 within a five-mile radius earning $54,469 as the average household income. For more information, contact Josh Beaver, The Nichols Co., 600 Queens Road, Charlotte, NC 28207; 704-373-9797; Email: josh@thenicholscompany.com; Web site: www.thenicholscompany.com.

Tower Investments, Inc. is redeveloping The Pier Shops at Caesars in Atlantic City, NJ. Page 16 | May 22, 2015

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BUYERS AND SELLERS Urstadt Biddle Properties, Inc. is acquiring neighborhood and community shopping centers throughout the New York, NY metropolitan area, with a focus in Bergen, NJ; Fairfield, CT, as well as in Putnam and Westchester counties in NY. Suitable properties have a minimum GLA of 50,000 sq.ft., with a grocery store anchor and a minimum asking price of $4 million. For more information, contact James Aries or Zach Fox, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-863-8224/8211, Fax 203-8616755; Emails: jaries@ubproperties.com and zfox@ubproperties.com; Web site: www. ubproperties.com.

Katz Properties recently closed on the sale of Pompano Marketplace, a 239,000 sq.ft. shopping center situated on 19.18 acres along South Federal Highway in Pompano Beach, FL. At the time of acquisition, the property was 99% occupied and anchored by Walmart Neighborhood Market, Beall’s and JoAnn Fabrics. The shopping center was acquired for $46.8 million. For more information, contact Daniel Katz, Katz Properties, 247 West 30th Street, New York, NY 10001; 212-710-9360; Email: dkatz@katzproperties.com; Web site: www.katzproperties.com.

Kin Properties, Inc. is seeking to acquire single-tenant retail properties bound to NNN leases or below market rents. Suitable properties include outlots to malls or shopping centers, supermarkets or drug stores, anchor tenants of shopping centers and power centers. For more information, contact Lee Cherney, Kin Properties, Inc., 185 Northwest Spanish River Boulevard, First Floor, Boca Raton, FL 33431; 888-546-7767; Email: info@kinproperties.com; Web site: www. kinproperties.com.

Nassimi Realty, LLC is seeking to acquire retail properties with GLAs of at least 100,000 sq.ft. and located throughout the eastern half of the U.S., or properties with a minimum GLA of 50,000 sq.ft. throughout NJ, NY and PA. Suitable acquisitions are priced between $2 million and $100 million. The company is also acquiring land for retail development. For more information, contact Nassimi Realty, LLC, 7 Penn Plaza, Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: acquisitions@nassimirealty.com; Web site: www.nassimirealty.com.

Hutensky Capital Partners is seeking to acquire value-add neighborhood, community and specialty shopping centers in major markets. Suitable properties have a minimum GLA of 75,000 sq.ft. with a grocery or bigbox anchor and a minimum asking price of $15 million. For more information, contact Hutensky Capital Partners, 100 Constitution Plaza, Seventh Floor, Hartford, CT 06103-1703; Web site: www.hcpfund.com.

Gumberg Asset Management Corp. is acquiring malls and community shopping centers in mid-sized retail markets nationwide. Preferred properties have multi-anchors with a minimum GLA of 200,000 sq.ft. For more information, contact Gumberg Asset Management Corp., 3200 North Federal Highway, Ft. Lauderdale, FL 33306; 954-537-2700, Fax 954-568-5340; Web site: www.gumberg.com.

Jones Lang LaSalle is selling Drexeline Shopping Center, a 265,825 sq.ft. shopping center located at the intersection of US Route 1 and State Road in Drexel Hill, PA. The property is currently 85.1% occupied and anchored by ShopRite. Tenants include Wells Fargo, CVS and PNC Bank. The company is also selling Washington Crown Center, a 673,283 sq.ft. regional mall located at the intersection of Interstate 70 and Route 40 in Washington, PA. Macy’s, Sears BonTon, Gander Mountain and Hollywood Theaters anchor the center. The company is also selling Freehome Village and Smyrna Crossing in Atlanta, GA. Both shopping centers are anchored by Publix. For more information regarding Drexeline Shopping Center, contact James Galbally, Jones Lang LaSalle, 215-988-5551; Email: james.galbally@am.jll.com. For more information regarding Washington Crown Center, contact David F. Monahan, 212-8125704; Email: david.monahan@am.jll.com. For more information regarding Freehome Village and Smyrna Crossing, contact Margaret Caldwell, 404-995-2270; Email: margaret.caldwell@am.jll.com. Kite Realty Group Trust recently acquired Colleyville Downs, a 201,000 sq.ft. shopping center located at the intersection of Highway 26 and Glade Road in Colleyville, TX. At the time of the acquisition, the property was 92% occupied and anchored by Petco, Ace Hardware and Whole Foods Market. For more information, contact Maggie Kofkoff, Kite Realty Group Trust; 317-7137644; Email: mkofkoff@kiterealty.com; Web site: www.kiterealty.com. N3 Real Estate acquires single or multitenant NNN retail properties coast-to-coast. Preferred acquisitions are tenanted by grocery stores and necessity or value based creditworthy chains. For more information, contact Brenna Wadleigh, N3 Real Estate, 620 East Southlake Boulevard, Southlake, TX 76092; 817-552-6781, Web site: n3realestate.com. ARC Property Trust recently acquired a freestanding CVS pharmacy in San Antonio, TX. The company is seeking acquisitions for credit single-tenant locations in major cities nationwide, as well as land for retail and mixed-use developments throughout NJ and PA. For more information, contact Steve Maloy or Rob Martone, ARC Property Trust; Emails: stevem@arcproperties.com and rmartone@arcproperties.com.

Kite Realty Group Trust recently acquired Colleyville Downs in Colleyville, TX. Page 18 | May 22, 2015

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FOOD CHAINS EXPAND Master Wok operates 100 locations throughout the northeastern region of the U.S. The fast-casual Asian restaurants prefer to occupy 2,000 sq.ft. to 3,000 sq.ft. endcaps of shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by Jeffery Realty, Inc. Preferred demographics include a population of 50,000 within three miles earning $50,000 as the average household income. Typical leases run 10 years. Pizza Hut operates more than 14,000 locations nationwide and internationally. The pizzerias occupy spaces of 800 sq.ft. to 1,400 sq.ft. in strip and power centers, freestanding locations and urban areas. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty, Inc. For more information, contact Shane Wierks, Jeffery Realty, Inc., 116 Route 22 East, North Plainfield, NJ 07060; 908-6689600; Email: swierks@jefferyrealty.com; Web site: www.jefferyrealty.com. Jack-in-the-Box operates more than 2,200 locations nationwide and internationally. The fast-casual dining restaurants prefer to occupy spaces of 2,700 sq.ft. to 3,500 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought throughout Palmdale/Lancaster, as well as the high desert and low desert areas of CA during the coming 18 months, with representation by Present Value Properties, Inc. For more information, contact Jared Davis or Greg Fisher, Present Value Properties, Inc., 150 El Camino Real, Suite 100, Tustin, CA 92780; 714-464-3032/3031; Emails: jared@pvpinc.com and greg@pvpinc.com; Web site: www.jackinthebox.com.

Smashburger operates more than 300 locations nationwide and internationally. The restaurants occupy 1,600 sq.ft. to 2,500 sq.ft. endcaps and inline spaces of shopping centers, as well as freestanding locations. Growth opportunities are sought nationwide during the coming 18 months. For more information regarding expansion in corporate markets nationwide, contact Maria Fernandez, Smashburger, 3900 East Mexico Avenue, Suite 1200, Denver, CO 80210; 303-633-1500; Email: mfernandez@smashburger.com; Web site: www.smashburger.com. For more information regarding expansion throughout DE, southern NJ and eastern PA, with representation by Metro Commercial Real Estate, Inc., contact Greg Jones, 161 Washington Street, Suite 375, Conshohocken, PA 19428; 610260-2662, Fax 610-825-5156; Email: gjones@metrocommercial.com; Web site: www.metrocommercial.com. Charley’s Philly Steaks operates locations nationwide and internationally. The fastfood restaurants, offering cheesesteaks, sandwiches and salads, prefer to occupy spaces of 600 sq.ft. in regional, outlet, value and entertainment centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. Between both Charleys Pizza Steaks and Charley’s Grilled Subs there are over 550 locations operating worldwide. For more information, contact John Woo, Charley’s Philly Steaks, 2500 Farmers Drive, Suite 140, Columbus, OH 43235; 614-923-4730, Fax 614-923-4701; Email: jwoo@charleys.com; Web site: www.charleys.com.

Morton’s – The Steakhouse is seeking growth opportunities nationwide and internationally during the coming 18 months. Page 20 | May 22, 2015

Global Franchise Group trades as Marble Slab Creamery at locations nationwide and internationally. The ice cream shops occupy spaces of 800 sq.ft. to 1,200 sq.ft. in malls and entertainment, lifestyle and open-air centers. Growth opportunities are sought nationwide during the coming 18 months. The company also trades as Great American Cookies at locations nationwide and internationally. The cookie shops occupy spaces of 200 sq.ft. in kiosks and 600 sq.ft. to 1,100 sq.ft. in malls, lifestyle and open-air centers, transportation hubs and entertainment areas. Growth opportunities are sought nationwide during the coming 18 months. The company also trades as Pretzel Maker at locations nationwide and internationally. The pretzel shops occupy spaces of 200 sq.ft. in kiosks and 600 sq.ft. to 1,200 sq.ft. in malls, lifestyle and open-air centers, transportation hubs and entertainment areas. Growth opportunities are sought nationwide during the coming 18 months. Global Franchise Group operates under the brand names Great American Cookies, Marble Slab Creamery, Pretzel Maker, Maggie Moo’s and Hot Dog on a Stick, and operates locations worldwide. For more information, contact Caroline Cheng, Global Franchise Group, 1346 Oakbrook Drive, Suite 170, Norcross, GA 30093; 770-514-4857; Email: ccheng@gfgmanagement.com; Web site: www.globalfranchise.com. Landry’s, Inc. trades as Morton’s – The Steakhouse at more than 70 locations nationwide, as well as in Canada and internationally. The restaurants occupy spaces of 8,000 sq.ft. in downtown areas, specialty centers or freestanding locations. Growth opportunities are sought nationwide and internationally during the coming 18 months. For more information, contact Mike Feldott, Landry’s, Inc., 1510 West Loop South, Houston, TX 77027; 713-8501010; Email: mfeldott@ldry.com; Web site: www.ldry.com. El Pollo Loco, Inc. trades as El Pollo Loco at 416 locations throughout AZ, CA, NV, TX and UT. The quick-serve Mexican restaurants prefer to occupy spaces of 2,200 sq.ft. to 2,900 sq.ft. in freestanding locations with a drive-thru. Plans call for 10 to 15 openings throughout the existing markets, excluding UT, during the coming 18 months. For more information, contact Esty Chang, El Pollo Loco, Inc., 3535 Harbor Boulevard, Suite 100, Costa Mesa, CA 92626; 714-599-5034, Fax 714-599-5830; Email: echang@elpolloloco.com; Web site: www.elpolloloco.com. (continued on page thirty)

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SUPERMARKET CHAINS EXPAND Alex-Lee, Inc. trades as Lowe’s Food, Galaxy Stores, IGA and Just $ave Food at 101 locations throughout NC and SC. The supermarkets occupy spaces of 40,000 sq.ft. to 55,000 sq.ft. in power, strip and value centers. Growth opportunities are sought throughout NC, the coastal areas of SC and southwestern VA during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 30,000 within five miles earning $50,000 as the average household income. For more information, contact Roger Henderson, Alex-Lee, Inc., 1381 Old Mill Circle, Suite 200, Winston-Salem, NC 27103; 336-775-3005, Fax 336-659-2434; Email: roger.henderson@alexlee.com; Web site: www.alexlee.com. Wegmans Food Markets, Inc. trades as Wegmans Food Markets at 85 locations throughout MA, MD, NJ, NY, PA and VA. The supermarkets, featuring bakery, deli, floral, meat and seafood products, as well as offering gourmet food items and a wine and spirits section, occupy spaces of 80,000 sq.ft. to 120,000 sq.ft. in freestanding locations, lifestyle and power centers. Plans call for four openings throughout the existing markets during the coming 18 months. Typical leases run 20 years with options. Preferred demographics include a population of 50,000 within three miles earning $85,000 as the average household income. A land area of 12 to 18 acres is required for freestanding locations. The company will acquire sites or consider ground leases. For more information, contact Paul Gilbert, Wegmans Food Markets, Inc., PO Box 30844, Rochester, NY 14603-0844; 585-464-4755, Fax 585-783-4255; Email: paul.gilbert@wegmans.com; Web site: www.wegmans.com. Winco Foods, LLC trades as Winco Foods at more than 95 locations throughout AZ, CA, ID, NV, OR, Dallas/Ft. Worth, TX, UT and WA. The supermarkets, featuring deli, seafood, bakery, meat and produce departments, as well as offering bulk food items, occupy spaces of 85,000 sq.ft. to 100,000 sq.ft. in freestanding locations, power and value centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred demographics include a population of 100,000 within five miles. A land area of nine acres is required for freestanding locations. The company prefers to acquire sites. For more information, contact Greg Goins, Winco Foods, LLC, 650 North Armstrong Place, Boise, ID 83704; 208-672-2072; Email: greg.goins@wincofoods.com; Web site: www.wincofoods.com. Page 22 | May 22, 2015

Whole Foods Market operates 409 locations nationwide and in Canada and the United Kingdom. The supermarkets, offering natural and organic food products, occupy spaces of 25,000 sq.ft. to 50,000 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are being sought in northern CA, select markets of southern CA and in NC during the coming 18 months. For more information regarding expansion opportunities in strategic urban infill areas throughout northern CA, with representation by Retail West, contact Matt Holmes, 1105 Battery Street, San Francisco, CA 94111; 415-292-7200, Fax 415-7751858; Email: mholmes@retailwestinc.com; Web site: www.retailwestinc.com. For more information regarding expansion opportunities throughout Los Angeles, Palm Springs and Santa Barbara, CA, with representation by The Clover Co., contact Patrick Gilhooly, 8675 Washington Boulevard, Suite 201, Culver City, CA 90232; 310-815-8611, Fax 310-8158612; Email: pgilhooly@clovercompany.com; Web site: www.clovercompany.com. For more information regarding expansion opportunities throughout NC, with representation by Moseley Real Estate Advisors, contact Bill Moseley, 1100 Kenilworth Avenue, Suite 210, Charlotte, NC 28204; 704-927-9210, Fax 704-367-1865; Email: bmoseley@moseleyrea.com; Web site: www.moseleyrea.com. Puget Consumers Co-Op trades as PCC Natural Markets at 11 locations throughout WA. The supermarkets, featuring bakery, produce, deli, floral and wine and beer departments, occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding locations, mixed-use and strip centers. Growth opportunities are sought throughout the Puget Sound area of western WA during the coming 18 months. Typical leases run 15 to 20 years with options. Major competitors include Whole Foods and independent natural food retailers. For more information, contact Randy Lee, Puget Consumers Co-Op, 4201 Roosevelt Way Northeast, Seattle, WA 98105; 206547-1222; Email: randy.lee@pccsea.com; Web site: www.pccnaturalmarkets.com. Roundy’s Supermarkets, Inc. trades as Mariano’s Fresh Market at more than 30 locations throughout IL. The supermarkets, offering seafood, bakery, floral, pharmacy and wine and spirits departments, occupy spaces of 65,000 sq.ft. to 80,000 sq.ft. in urban and suburban areas. Plans call for 15 openings throughout the Chicagoland area

of IL during the coming 18 months, with representation by Witherell Real Estate. For more information, contact Andy Witherell, Witherell Real Estate, 850 West Jackson, Suite 701, Chicago, IL 60607; 773991-4932; Email: andy@witherellrealestate.com; Web sites: www.witherellrealestate.com and www.marianos.com. Grocery Outlet, Inc. trades as Grocery Outlet Bargain Market at 220 locations throughout CA, ID, NV, OR, PA and WA. The supermarkets, offering discounted food items, occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations, specialty, strip and value centers. Growth opportunities are sought throughout northern, Los Angeles and San Diego, CA; ID, NV, OR, central PA and WA during the coming 18 months. Typical leases run five to 10 years. Preferred demographics include a population 10,000 within three miles earing $50,000 as the average household income. Major competitors include Walmart Supercenter. The company operates under the trade name Amelia’s Grocery Outlet in PA. For more information, contact Marc Drasin, Grocery Outlet, Inc., 5650 Hollis Street, Emeryville, CA 94608; 510-704-2819, Fax 510-649-1484; Email: mdrasin@cfgo.com; Web site: www.groceryoutlet.com. Superior Grocers operates more than 40 locations throughout southern CA. The supermarkets, featuring seafood, produce, bakery, deli and floral departments, occupy spaces of 40,000 sq.ft. to 50,000 sq.ft. in freestanding locations and neighborhood centers. Growth opportunities are sought throughout central and southern CA during the coming 18 months. A land area of four to five acres is required for freestanding locations. The company will not consider sites north of Bakersfield, CA. For more information, contact Randy Ibara, Superior Grocers, 1168 San Gabriel Boulevard, Suite M, Rosemead, CA 91770; 323-721-7312, Fax 626-572-8411; Email: randyibara@sbcglobal.net; Web site: D www.superiorgrocers.com. M

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QUALITY High Quality Grocery-Anchored Shopping Centers

Whether it’s redevelopment, property management, leasing or acquisitions, UBP makes sound, strategic decisions based on solid demographics, broad experience, and stable resources resulting in one of the highest quality portfolios of assets in our industry.

GROWTH Exciting New Acquisition & Retail Opportunities

Year after year, UBP has consistently added well-located, quality shopping centers to our targeted portfolio, creating opportunities for investors and retailers alike. We seek additional grocery-anchored properties in communities surrounding New York City.

FOCUS NY Tri-State Market Area Dominance

UBP is a major grocery-anchored shopping center owner in the suburban Metro NY marketplace. UBP owns or has interests in over 70 properties with a focus on Westchester, Putnam, Rockland and Nassau Counties, NY; Fairfield County, CT; and Bergen, Passaic and Essex Counties, NJ.

UBA UBP

Listed

Over 45 Years of Real Estate Leadership Visit us at Booth C160 L Street at RECon in Las Vegas. 321 Railroad Avenue | Greenwich, CT 06830 | T 203-863-8200 | ubproperties.com


LEASE SIGNINGS Levin Management (201-796-7788) recently negotiated a lease with AutoZone for 7,500 sq.ft. at 2500 Route 9 Plaza, a 26,000 sq.ft. shopping center located at the intersection of Route 9 and Throckmorton Lane in Old Bridge, NJ. The automotive repair store will join Domino’s at the center. Marcia Minton of Levin Management represented the landlord and Stephen Battista of Jeffery Realty represented the tenant in the transaction. The company also recently negotiated a lease with Dollar Tree for 9,300 sq.ft. at Warren Plaza, a 61,000 sq.ft. shopping center located in Washington, NJ. Jordan Korris of Levin Management represented the landlord and Danielle Brunelli-Albrecht of R.J. Brunelli & Co., LLC represented the tenant in the transaction. The company also negotiated a lease with Retro Fitness for 16,000 sq.ft. at Twin City Shopping Center in Jersey City, NJ. LMS Commercial Real Estate (717-569-9373) recently negotiated a lease with Dirt Cheap Surplus for 24,381 sq.ft. at Valley Plaza, a 56,842 sq.ft. shopping center located along Highway 522 South in Lewistown, PA. Marisa Benjamin of LMS Commercial Real Estate represented the landlord and tenant in the transaction. The company also recently negotiated a lease with Escape the Room for 1,980 sq.ft. at Station Square, a 26,514 sq.ft. neighborhood shopping center located along McGovern Avenue in Lancaster, PA. Wilay Boensch represented the landlord and Matt Ziegler of Weichert, Realtors- Engle & Hambright represented the tenant in the transaction. RJ Brunelli & Co., LLC (732-721-5800) recently negotiated leases with Dollar Tree for 10,000 sq.ft. at Inman Plaza, a 31,700 sq.ft. shopping center located along Inman Avenue in Colonia, NJ; for 11,800 sq.ft. along Route 130 in Burlington, NJ; for 9,000 sq.ft. along Blackhorse Pike in Pleasantville, NJ and for 10,000 sq.ft. at Coopers Plaza, located at the intersection of Route 73 and Cooper Road in Voorhees, NJ. The company also recently negotiated a lease with Planet Fitness for 22,700 sq.ft. along Route 206 in Hillsborough, NJ. Bill Lenaz of R.J. Brunelli & Co., LLC represented the landlord in the transaction. High Street Retail USA, LLC (305-2061708) recently negotiated a lease with Mooyah Burgers and Fries for 1,900 sq.ft. at Doral Gateway Plaza, located along Northwest 87th Avenue in Miami, FL. Sharon Dresser of High Street Retail USA, Inc. represented the landlord in the transaction. Page 24 | May 22, 2015

Passov Real Estate Group (216-831-8100) recently negotiated the following leases throughout OH: with ImmediaDent, an urgent and full-service dentistry, for 2,400 sq.ft. at Southland Shopping Center in Middleburg Heights, with Greg Guyuron of Passov Real Estate Group representing the tenant in the transaction; with Burlington Mattress Co. for a 10,849 sq.ft. sublease from Aaron’s, Inc. along Center Ridge Road in Ridgeville, with Greg Guyuron and Catherine Lueckel of Passov Real Estate Group representing the landlord in the transaction; with TitleMax for a sublease space along Tiffin Avenue in Findlay, with David Stein and Michael DiFranco of Passov Real Estate Group representing the landlord in the transaction and with Nick’s Trains for 2,000 sq.ft. at Twinsburg Town Center, located along Darrow Road in Twinsburg, with Catherine Lueckel and Steve Passov of Passov Real Estate Group representing the landlord in the transaction.

CBRE | Raleigh (919-831-8200) recently negotiated the following leases throughout NC: with Walgreens at Erwin Terrace in Durham, with Christina Coffey of CBRE | Raleigh representing the tenant in the transaction; with Soccer Post for 1,700 sq.ft. at Centrum @ Crossroads in Cary, with Charlie Coyne and Reagan Crabtree of CBRE | Raleigh representing the landlord in the transaction and with uBreakiFix for 1,400 sq.ft. at Preston Corners in Cary, with Christina Coffey and Tiffany Barrier of CBRE | Raleigh representing the landlord in the transaction. The company also negotiated a lease renewal with Jewelsmith for 3,940 sq.ft. at Erwin Square Plaza in Durham, NC, with Christina Coffey and Charlie Coyne representing the landlord in the transaction. The company also recently negotiated a lease renewal and expansion with Village Dental for 5,812 sq.ft. at Olde Raleigh Village in Raleigh, NC. Christina Coffey represented the landlord in the transaction.

Goodman Real Estate Services Group, LLC (216-381-8200) recently negotiated the following leases throughout OH: with GetGo gas station for space along State Route 306 in Mentor, with Rob Yaskanich and Randall Goodman of Goodman Real Estate Services Group, LLC representing Giant Eagle, Inc. in the transaction; with Sport Clips for space at Panera Plaza, located at the intersection of Euclid Avenue and Beidler Road in Willoughby, with Rob Yaskanich and Kyle Hartung of Goodman Real Estate Services Group, LLC representing the tenant in the transaction; with Maurices for space at Marketplace at Four Corners, located along State Route 43/Aurora Road in Bainbridge, with Jim Becker of Goodman Real Estate Services Group, LLC representing the tenant and Rob Yaskanich and Steve Altemare of Goodman Real Estate Services Group, LLC representing the landlord in the transaction; with Burger Fresh for space at Kruse Commons, located off Bainbridge Road in Solon, with Jim Becker of Goodman Real Estate Services Group, LLC representing the tenant in the transaction and with dots for space at 30th Street Plaza in Canton and for space at Southgate Shopping Center in Maple Heights, with Mike Solomon of Goodman Real Estate Services Group, LLC representing the tenant in both transactions.

Sterling Organization (561-835-1810) recently negotiated a 10-year lease with Chipotle Mexican Grill for 2,300 sq.ft. in an endcap of a 7,500 sq.ft. outparcel building being developed at Hawthorne Works, a 293,338 sq.ft. shopping center located in Cicero, IL. The company will join AMC Theatres, Dollar Tree and Anna’s Linens at the shopping center. Steve Frishman of MidAmerica Real Estate Group represented the tenant in the transaction.

Cullinan Properties, Ltd. (309-999-1735) recently negotiated leases with Leopard Boutique and Wasabi Sushi Bar at Streets of St. Charles, a 27-acre mixed-use development located along South Fifth Street at the Interstate 70 interchange in St. Charles, MO.

Ripco Real Estate (201-777-2300) recently negotiated a lease with Bob’s Discount Furniture for 39,000 sq.ft. along Route 17 in Paramus, NJ. Ira Kerner and Alison Horbach of Ripco Real Estate represented the landlord in the transaction.

Douglas Elliman Real Estate (212-2477940) recently negotiated a 10-year lease with Ice & Vice for a 4,000 sq.ft. ice cream shop along East Broadway, between Clinton Street and Montgomery Street in New York, NY. Faith Hope Consolo, Joseph Aquino and Arthur Maglio of Douglas Elliman Real Estate represented the landlord and tenant in the transaction. The Shumacher Group, Inc. (404-240-0040) recently negotiated a lease with Hooter’s for 7,000 sq.ft. along Douglas Boulevard in Douglasville, GA, with the company representing the landlord in the transaction. The company also recently negotiated a lease expansion with Kalidescope for 1,182 sq.ft. at Village Place Shopping Center, located along Dresden Drive in Atlanta, GA.

(continued on page forty-four)

Dealmakers Magazine | www.dealmakers.net


CONCOURSE PLAZA BRONX, NY

New Leasing Opportunities in the Heart of the Bronx. NE FAÇAW DE

13,111 SF – 37,672 SF New Junior Anchor Space Available

Major Redevelopment Nearly Complete New Façade

• Premier multi-use Bronx shopping destination strategically located just off the Grand Concourse, the major north-south thoroughfare that connects Manhattan and the northern Bronx

Ready for Occupancy Now

• Accessible via major area highways and public transportation: Subway 4 B D and Bus Bx6, Bx1, Bx2, BxM4, Bx32

GLA: 228,638 SF

• On-site parking for 1,200+ vehicles • Adjacent to the two million square foot Bronx County Court House and four blocks from Yankee Stadium

TENANTS

Smaller Spaces 2,618 SF; 2,620 SF; 7,758 SF Also Available

200-238 E. 161st Street Bronx, NY 10451

7 Penn Plaza, NY, NY 10001 :: 212.563.6557

NOTHING BEATS 60 YEARS OF STABILITY.

feilorg.com

Randall Briskin x218 :: rbriskin@feilorg.com Nicholas Forelli x275 :: nforelli@feilorg.com

Visit Us at S249 Q Street at RECon 2015.


WHO’S OPENING AND WHERE (continued from page fourteen)

Nordstrom, Inc. (206-628-2111) is planning to open a Nordstrom Rack at West Oaks Shopping Center, a 300,000 sq.ft. shopping center located in Novi, MI during fall 2016. The company is also opening a 40,000 sq.ft. Nordstrom Rack at The Block Northway, a 470,000 sq.ft. shopping center located along McKnight Road in Pittsburgh, PA during fall 2016. The chain will join an Aldi grocery store at the site. The company offers apparel, footwear and accessories for men and women, and currently operates more than 290 locations nationwide and in Canada, trading as Nordstrom, Nordstrom Rack, Jeffrey boutique and one clearance outlet. Russo’s Restaurants (713-821-1322) is planning to open between 10 and 12 restaurants throughout Austin, Dallas, Houston and San Antonio, TX this year. The company currently operates 42 locations throughout AR, FL, HI, OK, TN and TX, as well as internationally and operates under the trade-names Russo’s Coal-Fired Italian Kitchen and Russo’s New York Pizzeria. Cooper’s Hawk Winery & Restaurant (708215-5660) is planning to open a 9,700 sq.ft. restaurant at RTC West in Arlington, VA during mid-2017. The company is also slated to open a location at Belmont Chase shopping center in Ashburn, VA later this year and will join Whole Foods Market at the site. The company currently operates 19 locations nationwide. Captain D’s Seafood Restaurant (615391-5461) through franchise expansion, is planning to open a minimum of 14 restaurants throughout six states, including areas in Johnson City, Kingsport, Bristol and Abingdon, TN; western VA; Berea, Danville and Georgetown, KY; Atlanta and Kennesaw, GA; Maryville and Montgomery, AL; FuquayVarina, NC and Columbia, SC. The company currently operates 513 locations throughout 26 states nationwide. GameStop (817-722-7520) is planning to open between 350 and 550 stores under its technology brands segment, which includes Simply Mac, Cricket and Spring Mobile, this year. The company, offering video games, consumer electronics and wireless services, currently operates 6,000 locations worldwide. Bojangles, Inc. (704-527-2675) is planning an aggressive expansion plan following its IPO. The chain of restaurants currently operates 622 restaurants nationwide. Page 26 | May 22, 2015

Uniqlo (877-486-4756) is planning to open a 22,000 sq.ft. store at the Pavilions in downtown Denver, CO during summer 2016. It will be the chain’s first location in the state. The company is also opening stores in Chicago, IL; Boston, MA; Tyson’s Corner, VA and in Seattle, WA. The chain of apparel stores, based in Japan, currently operates 1,500 locations worldwide. Whole Foods Market, Inc. (512-477-4455) is planning to open a Whole Foods Market in Shrewsbury, MA during 2016. The chain, offering organic and natural food items, currently operates more than 411 specialty supermarkets nationwide and in Canada and the United Kingdom and also operates under a spa concept trading as Milk + Honey Spa. Michael Kors Holdings, Ltd. (855-889-5677) is planning to open 50 Michael Kors stores nationwide by the end of the fiscal year. The company offers apparel and accessories for men and women, as well as eyewear, fragrances and jewelry. ASLU, LLC (800-588-3911) is planning to open several Active Ride Shop locations throughout southern CA. The company, offering skateboards, snowboards, apparel and footwear, as well as related items, currently operates 24 locations in southern CA. Ruby Tuesday, Inc. (865-379-5658) is planning to open two Lime Fresh restaurants this year. The company currently operates more than 740 locations nationwide and internationally under the Ruby Tuesday banner and also operates under the trade name Lime Fresh. Leisure Growth Holdings, Inc. (786-3634214) is planning to open elements fitness studios throughout Boston, MA and southern FL. The company is a premium fitness and lifestyle brand designed for women, and offers membership-based fitness, diet and weight loss services, as well as offering related products. Taylor & Colt (888-264-7444) recently opened its first U.S. location in downtown Ann Arbor, MI. The company is planning to open additional stores in the state and throughout the U.S. over the next several years. The chain of upscale barber shops is based in Toronto, Canada. SDI Petroleum Co. (713-255-5270) is planning to open several Dash Neighborhood stores in TX. The company also operates under the trade-name Tejano Mart.

Clive Daniel Homes (239-261-4663) is opening a two-level furniture showroom along Glades Road, between Federal Highway and Interstate 95 in Boca Raton, FL during 2016. Further expansion will take place on the east coast of FL. The company offers high end home furnishings and décor at an 87,000 sq.ft. store in Naples, FL. Kalologie Spa Destinations, LLC (310-4429588), through a franchisee expansion plan, is seeking to open three Kalologie 360 Spa locations in Austin, TX. The company provides massages, facials, peels and waxing services, as well as offering a full line of spa and skincare products. CKE Restaurant Holdings, Inc. (805-7457741), through a franchisee expansion plan, is opening 30 Carl’s Jr. restaurants throughout the greater Toronto, Canada area over the next six years. The company currently operates 3,554 locations throughout 42 states nationwide, as well as internationally. Lululemon Athletica, Inc. (604-732-6124) is planning to open 60 Lululemon Athletica stores during fiscal 2015. The company, offering yoga-inspired athletic apparel and accessories for men and women, currently operates locations nationwide. Illesteva (212-577-6040) is planning to open three eyewear stores along the west coast of the U.S. by the end of 2016. The company offers a build-your-own station where customers can customize their frames and currently operates two locations in CA and NY. Sprint (844-665-6327) is planning to open a combination of more than 100 freestanding stores, pop-up locations and stores within RadioShack stores throughout the Chicago, IL market over the next two years. Coles Energy, Inc. (419-499-1120) is planning to open four to five convenience stores this year. The company currently operates 32 Mickey Mart Food Stores throughout northern OH. Frank & Oak (438-384-0824) is planning to open six pop-up locations. The company offers apparel and accessories for men. The chain currently operates stores throughout Canada. Madvapes, LLC (704-624-8551) plans to open Madvapes stores throughout the eastern seaboard region of the U.S. The company offers electronic cigarettes and D related accessories. M Dealmakers Magazine | www.dealmakers.net


JEFFERSON COMMONS FORT WAYNE, IN

Anchor Opportunities Up to 60,000 SF Available. NE FAÇAW UNDE DE RWAY

18,856 SF – 60,000 SF Anchor Space Available

• 180,655 SF shopping center positioned in an exciting growing market

Multi-Million Dollar Renovation Underway

• Situated on West Jefferson Boulevard and Illinois Road with immediate access to Interstate 69 and downtown Fort Wayne

Adjacent to Jefferson Pointe Mall

• Adjacent to Jefferson Pointe Mall, Indiana’s first open-air lifestyle center

GLA: 180,655 SF

• Area retailers: Bed, Bath & Beyond, Kohl’s, Walmart, Best Buy, Marshalls, Michaels, Lowe’s, Barnes & Noble, Dick’s Sporting Goods, Old Navy, and many more

AREA RETAILERS

Smaller Spaces 1,450 SF; 3,585 SF; 4,500 SF Also Available

3800 West Jefferson Boulevard Fort Wayne, IN 46804

7 Penn Plaza, NY, NY 10001 :: 212.563.6557 Nicholas Forelli x275 :: nforelli@feilorg.com NOTHING BEATS 60 YEARS OF STABILITY.

feilorg.com

Visit Us at S249 Q Street at RECon 2015.


NEW CONSTRUCTION (continued from page sixteen)

Aston Properties is preleasing the expansion of The Village Commons at Wesley Chapel, a 360,000 sq.ft. retail development located at the intersection of Weddington Road/NC Highway 84 and Waxhaw-Indian Trail in Wesley Chapel, NC. Phase two includes junior anchor spaces from 12,000 sq.ft. to 28,000 sq.ft., along with small shop spaces. Target, PetSmart and CVS pharmacy anchor the site. Area demographics include a population of 132,119 within a seven-mile radius earning $98,926 as the average household income. The average daily traffic count is 14,000 vehicles along NC 84 Highway. The company is also preleasing Sedgefield Shopping Center, a retail development located at the intersection of South Boulevard and Poindexter Drive in Charlotte, NC. Spaces of 6,323 sq.ft. and 6,382 sq.ft. are available. Harris Teeter will anchor the site and is slated to open during late 2016. Area demographics include a population of 205,764 within a fivemile radius earning $84,529 as the average household income. For more information regarding The Village Commons at Wesley Chapel, contact Randy Green, Aston Properties, 610 East Morehead Street, Suite 100, Charlotte, NC 28202; 704366-7337; Email: rwgreen@astonprop.com; Web site: www.astonprop.com. For more information regarding Sedgefield Shopping Center, contact Lauren Hansen; Email: lahansen@astonprop.com. Horizon Group Properties, in a joint effort with CBL & Associates Properties, is expanding The Outlet Shoppes of Bluegrass mall, located off Interstate 64 in Simpsonville, SC. Plans call for adding 50,000 sq.ft. of shop space. Cotenants currently include Saks Fifth Avenue Off Fifth, Old Navy, Gucci, Coach, Michael Kors, Crocs, Nine West and American Eagle Outfitters. For more information, contact Horizon Group Properties, 6250 North River Road, Suite 10400, Rosemont IL 60018; 847292-1870, Fax 847-292-1879; Web site: www.horizongroup.com. Evergreen Development is redeveloping a former 500,000 sq.ft. semiconductor plant into a mixed-use project called Trellis on Bell. The site is situated on 31 acres along Bell Road between Ninth Street and 12th Street in Phoenix, AZ. Plans call for retail and residential components. The project is slated for completion during 2018. For more information, contact Ken Gatt, Evergreen Development, 2390 East Camelback Road, Suite 410, Phoenix, AZ 85016; 602-808-8600; Email: kgatt@evgre.com Web site: www.evgre.com. Page 28 | May 22, 2015

Hill Partners is preleasing the 160,000 sq.ft. retail portion of Nexton Square, a mixeduse project located along Interstate 26 in Summerville, SC. The retail component is proposed to include a gourmet market and small shops. Phase one of development will also include a 100,000 sq.ft. office component, 320 multi-family residential units and two hotels. A proposed 360,000 sq.ft. health-care facility will also be part of the project. Area retailers include Tanger Outlets, featuring H&M, White House | Black Market, J. Crew and Michael Kors. Area draws include College of Charleston. Area demographics include a population of 273,768 within a 10-mile radius earning $61,758 as the average household income. For more information, contact Hill Partners, 2201 South Boulevard Suite 400, Charlotte, NC 28203; 704-551-2202; Web site: www.hillpartnersinc.com. Urban Visions is proposing the development of Stadium East, a 1.2 million sq.ft. mixed-use development located in Seattle, WA. Plans call for seven office buildings and 150,000 sq.ft. of retail space near CenturyLink and Safeco fields. The company is also planning to develop a mixed-use project located along Second Avenue in Seattle, WA, featuring 16 floors of residential units, along with 985,085 sq.ft. of office space and 52,000 sq.ft. of retail space. For more information, contact Urban Visions, 816 Second Avenue, Suite 300, Seattle, WA 98104; 206-262-2880, Fax 206262-2889; Email: info@urbanvisions.com; Web site: www.urbanvisions.com. Carolina Holdings, Inc., in partnership with Branch Properties, LLC, is developing Merchant Pointe at Indian Lake, a 140,000 sq.ft. center located at the intersection of Indian Lake Boulevard and North Anderson Lane in Hendersonville, TN. The Fresh Market and Off Broadway Shoe Warehouse will anchor the site. For more information, contact Carolina Holdings, Inc., 40 West Broad Street, Suite 410, Greenville, SC 29601; 864-272-0088; Web site: www.choldings.com. Wulfe & Co. is developing Glendale 180, a 300,000 sq.ft. mixed-use project situated on 42 acres between Colorado Boulevard and Cherry Street in Glendale, CO. Plans call for a mix of restaurant, entertainment and retail space. The development is slated to open during fall 2017. For more information, contact Wulfe & Co., 1800 Post Oak Boulevard, 6 Boulevard Place, Suite 400, Houston, TX 77056; 713-621-1700, Fax 713-621-3244; Email: info@wulfe.com; Web site: www.wulfe.com.

Lat Purser & Associates, Inc. is preleasing a shopping center development situated on 27.5 acres at the intersection of Highway 49 and Roberta Road in Harrisburg, NC. A grocery store will anchor the site and shop spaces of 1,000 sq.ft. and 1,150 sq.ft. are available. Area retailers include Lowes Foods, The UPS Store, CVS, Subway, Food Lion, McDonald’s, Advance Auto Parts, Aldi and Taco Bell. Area demographics include a population of 89,272 within a fivemile radius earning $79,408 as the average household income. For more information, contact JD Yearwood, Phil Chambers or Lat H. Purser, Lat Purser & Associates, Inc., 4530 Park Road, Suite 300, Charlotte, NC 28209; 704-519-4232/4273/4213; Emails: jd.yearwood@latpurser.com; phil.chambers@latpurser.com and lat.h.purser@latpurser.com; Web site: www.latpurser.com. Grant-Murray Real Estate, LLC is preleasing a shopping center anchored by Walmart Neighborhood Market and located at the intersection of Legion Road and Elk Road in Hope Mills, NC. Up to 12,000 sq.ft. of small shop space is available, in addition to 1.01 and 1.90 acre outparcels. Completion is slated during the first quarter of 2016. For more information, contact Dr. Chuck Maxwell or Patrick Murray, GrantMurray Real Estate, LLC, 910-829-1617; Emails: chuck@grantmurrayre.com and patrick@grantmurrayre.com; Web site: www.grantmurrayre.com. Fuqua Development is developing a mixeduse project situated on 52 acres at the intersection of Barrett and Cobb Parkway in Kennesaw, GA. Plans call for 305,000 sq.ft. of retail space and 180 senior living apartments. Whole Foods Market will anchor the retail component. The center is slated to open during summer 2017. For more information, contact Fuqua Development, Eleven Piedmont Building, 3495 Piedmont Road Northeast, Suite 905, Atlanta, GA 30305; 404-907-1709; Web site: www.fuquadevelopment.com. Newland Communities is developing Wendell Falls, a master-planned development situated on 1,160 acres in Wake County, NC. Plans call for retail space, office space, a 150-room hotel and 4,000 homes. The retail portion is slated to be anchored by an 80,000 sq.ft. grocery store. For more information, contact Laurie Ford, Newland Communities; 919-951-0714; Email: lford@newlandco.com. DM Dealmakers Magazine | www.dealmakers.net


LAKESIDE SHOPPING CENTER METAIRIE, LA

Leasing Opportunities in Prominent New Orleans Market Area.

1,081 SF – 5,870 SF Available

3301 Veterans Memorial Boulevard Metairie, LA 70002 Enclosed Super Regional Mall Featuring Over 140 Retail Stores

• Attracts an estimated 10 million shoppers per year • Estimated area retail sales totaling over $13 billion • Strategically located just off Interstate 10 at the intersection of Veterans Memorial Boulevard and Causeway Boulevard

TENANTS

GLA: 1,170,316 SF

• Highest grossing regional mall in the New Orleans market area and the focal point of retail activity

Corporate Headquarters: 7 Penn Plaza, NY, NY 10001 :: 212.563.6557

NOTHING BEATS 60 YEARS OF STABILITY.

feilorg.com

Metairie, LA Office: Glen Wilson :: gwilson@feilorg.com :: 504.835.8000 Tricia Phillpott :: tphillpott@feilorg.com :: 504.835.8000

Visit Us at S249 Q Street at RECon 2015.


FOOD CHAINS EXPAND (continued from page twenty)

Subway operates more than 43,765 locations nationwide and internationally. The sub shops prefer to occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in malls, power and specialty centers and freestanding locations. Growth opportunities are sought throughout upstate NY during the coming 18 months, with representation by VanguardFine, LLC. Typical leases run 10 years. A vanilla shell is required. Preferred tenants include Walmart Supercenter, supermarkets, pharmacies and home improvement stores. Major competitors include Blimpie and Quiznos. Preferred demographics include a population of 7,000 within a five-mile radius. The company is franchising. For more information, contact Ken Brownell, Vanguard-Fine, LLC, 1529 Western Avenue, Suite 102, Albany, NY 12203; 518-862-0861 Ext. 201, Fax 518867-3082; Email: kbrownell@vanguardfine.com; Web site: www.vanguardfine.com. Yum Brands trades as Taco Bell at 6,000 locations nationwide. The fast-food restaurants prefer to occupy spaces of 2,500 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 15 years. Preferred demographics include a tradearea population earning $40,000 to $90,000 as the average household income. Typical leases run 15 years. For more information, contact Steve Fielder, Yum Brands, 860-779-7720; Email: steve.fielder@yum.com; Web site: www.tacobell.com.

Beavertails Canada, Inc. trades as Beavertails Pastry at more than 95 locations throughout Canada and internationally. The pastry shops prefer to occupy spaces of 300 sq.ft. in entertainment centers and tourist areas. Growth opportunities are sought throughout the northeastern region of the US., in addition to Canada and internationally. For more information, contact Beavertails Canada, Inc., 3700 St. Patrick, Suite 106, Montreal, Quebec, Canada H4E 1A2; 514-392-2222, Fax 514-392-2223; Email: development@beavertails.com. Eatzi’s Market and Bakery operates four locations in TX. The restaurants, offering sandwiches, salads, baked goods, a coffee bar and specialty food items and wine, prefer to occupy spaces of 7,000 sq.ft. to 15,000 sq.ft. in freestanding locations, as well as endcaps of strip centers. Growth opportunities are sought throughout northern TX during the coming 18 months. For more information, contact Katie Turner, Eatzi’s Market and Bakery, 1435 Dragon Street, Dallas, TX 75207; 214763-0539, Fax 214-599-8604; Email: kturner@eatzis.com; Web site: www.eatzis.com. Duck Donuts operates 14 locations throughout NC, NJ and VA. The donut shops prefer to occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in strip centers. Growth opportunities are sought throughout NC and SC during the coming 18 months, with representation by Katz & Associates. For more information, contact Margot Bizon, Katz & Associates, One Blue Hill Plaza, Suite 1440, Pearl River, NY 10965; 704-602-9358; Email: margotbizon@dkatz.com; Web site: www.duckdonuts.com.

Galardi Group Franchise & Leasing, LLC trades as Wienerschnitzel at 335 locations throughout AZ, CA, CO, LA, NM, TX and WA. The hog-dog chain prefers to occupy 700 sq.ft. to 2,000 sq.ft. inline spaces and endcaps with a drive-thru in power centers, food courts of malls, airports and kiosks. Plans call for 10 openings throughout CA, NM and TX during the coming 18 months. For more information, contact Geoff Ingles, Galardi Group Franchise & Leasing, LLC, 7700 Irvine Center Drive, Suite 550, Irvine, CA 92618; 949-892-2639, Fax 949892-2615; Email: gingles@galardigroup.com; Web site: www.wienerschnitzel.com. Auntie Anne’s, Inc. trades as Auntie Anne’s at more than 1,600 locations nationwide and internationally. The soft pretzel shops, also offering smoothies, prefer to occupy spaces of 45 sq.ft. to 650 sq.ft. in malls, kiosks, inline spaces of shopping centers and satellite locations. Growth opportunities are sought throughout AZ, CA, CO, IA, KS, KY, ND, NM, TX and VT during the coming 18 months. For more information, contact Okey Reese, Auntie Anne’s, Inc., 717-435-1435, Fax 717435-1471; Email: oreese@auntieannesinc.com; Web site: www.auntieannes.com. Insomnia Cookies operates more than 50 locations throughout the Midwestern and New England regions of the U.S. The cookie shops prefer to occupy 400 sq.ft. to 1,000 sq.ft. inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout the New England regions of the U.S. during the coming 18 months, with representation by Vantage Point Retail. For more information, contact Martin Benoit, Vantage Point Retail, 104 Chilton Street, Cambridge, MA 02138; 617-8775257; Email: martin@vantagepointretail.com; Web site: www.vantagepointretail.com. Fortney Hospitality Group trades as Brothers Bar & Grill at 21 locations throughout CO, IA, IL, IN, KS, KY, MN, NE, OH and WI. The bar/restaurants prefer to occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in entertainment centers, freestanding locations and urban/ downtown areas. Growth opportunities are sought throughout the existing markets, in addition to AZ, FL, MI, MO, PA, TN and TX, with representation by Newmark Knight Frank Halakar. For more information, contact Gary Perel, Newmark Knight Frank Halakar, 41 East Washington Street, Suite 333, Indianapolis, IN 46204; 317-964-0000 Ext. 228, Fax 317964-1144; Email: gperel@nkfhalakar.com; Web site: www.nkfhalakar.com.

Duck Donuts is seeking growth opportunities throughout NC and SC during the coming 18 months. Page 30 | May 22, 2015

(continued on page thirty-two)

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FOOD CHAINS EXPAND (continued from page thirty)

Acropolis Greek Taverna operates four locations in FL. The restaurants prefer to occupy spaces of 3,500 sq.ft. to 7,000 sq.ft. in freestanding locations, as well as endcaps and inline spaces of shopping centers with outdoor patio seating. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Hybridge. The company prefers to locate in urban or suburban areas with dense vehicular traffic counts. Besa Grill operates a location in Clearwater, FL. The restaurant prefers to occupy spaces of 3,000 sq.ft. to 4,500 sq.ft. in freestanding locations or endcaps of shopping centers. Growth opportunities are sought throughout Sarasota and Tampa, FL during the coming 18 months, with representation by Hybridge. Piada Italian Street Food operates 22 locations throughout IN, MI, OH and TX. The restaurants occupy spaces of 2,700 sq.ft. to 3,200 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout western FL during the coming 18 months, with representation by Hybridge. Jersey Mike’s operates more than 1,500 locations nationwide. The sub shops prefer to occupy 1,200 sq.ft. to 1,800 sq.ft. pad sites, endcaps and inline spaces of shopping centers. Growth opportunities are sought throughout Orlando, FL during the coming 18 months, with representation by Hybridge. Kahwa Coffee Roasting operates seven locations throughout FL. The coffee shops prefer to occupy 800 sq.ft. to 1,500 sq.ft. endcaps of shopping centers or outparcels. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by Hybridge. Kilwins operates more than 100 locations nationwide. The candy shops prefer to occupy spaces of 1,200 sq.ft. to 1,600 sq.ft. in tourist areas. Growth opportunities are sought throughout western FL during the coming 18 months, with representation by Hybridge. Louis Pappa’s Italian Street Food operates six locations throughout FL. The restaurants prefer to occupy spaces of 1,800 sq.ft. to 2,400 sq.ft. in strip centers. Growth opportunities are sought throughout Orlando and Tampa, FL during the coming 18 months, with representation by Hybridge. Taco Bus operates six locations throughout FL. The restaurants prefer to occupy 3,000 sq.ft. to 4,500 sq.ft. endcaps or inline spaces of strip centers. Growth opportunities are sought throughout central FL during the coming 18 months, with representation by Hybridge. For more information regarding Acropolis Greek Tavern or Taco Bus, contact Dan Page 32 | May 22, 2015

Disbro, Hybridge, 1600 East 8th Avenue, Suite A-106, Tampa, FL 33605; 813-4136700; Email: dan@hybridgecre.com; Web site: www.hybridgecre.com. For more information regarding Besa Grill, contact Kevin Kidman; Email: kevin@hybridgecre.com. For more information regarding Piada Italian Street Food, contact Scott Dobbins; 813-413-1110; Email: scott@hybridgecre.com. For more information regarding Jersey Mike’s, contact Jon Hellein; 407-2785535; Email: jon@hybridgecre.com. For more information regarding Kahwa Coffee Roasting, contact Dan Disbro or Whit Taylor; Email: whit@hybridgecre.com. For more information regarding Kilwins, contact Scott Dobbins or Curtis Rorebeck; Email: curtis@hybridgecre.com. For more information regarding Louis Pappa’s, contact Curtis Rorebeck. Keke’s Breakfast Café operates 13 locations throughout FL. The restaurants prefer to occupy spaces of 4,400 sq.ft. to 5,000 sq.ft. in strip and power centers, malls, freestanding locations and urban areas. Growth opportunities are sought from southern to central and western FL during the coming 18 months, with representation by Atlantic Retail Properties. Pollo Tropical operates more than 400 locations throughout FL, GA, TN, TX, Puerto Rico and internationally. The restaurants occupy spaces of 4,000 sq.ft. in strip and power centers, malls, freestanding locations and urban areas. Growth opportunities are sought throughout the greater Orlando, FL region during the coming 18 months, with representation by Atlantic Retail Properties. Pei Wei Asian Diner operates more than 190 locations throughout AR, AZ, CA, CO, FL, IL, IN, KS, LA, MD, MI, MN, MO, NC, NJ, NM, NV, OH, OK, PA, TN, TX, UT, VA and Washington, DC. The Asian restaurants prefer to occupy spaces of 3,000 sq.ft. in strip and power centers, malls, freestanding locations and urban areas. Growth opportunities are sought throughout the southern FL region during the coming 18 months, with representation by Atlantic Retail Properties. Tijuana Flats operates more than 100 locations throughout FL, GA, IN, NC and VA. The Tex-Mex restaurants occupy spaces of 2,500 sq.ft. in strip and power centers, malls, freestanding locations and urban areas. Growth opportunities are sought along the east coast of FL, from Miami to Daytona, during the coming 18 months, with representation by Atlantic Retail Properties. For more information regarding Keke’s, contact Elizabeth Wright or Noah Jones, Atlantic Retail Properties, 1001 North US Highway One, Suite 600, Jupiter, FL

33477; 561-427-6699 Ext. 1026/1018; Emails: ewright@atlanticretail.com and njones@atlanticretail.com; Web site: www.atlanticretail.com. For more information regarding Pollo Tropical, contact Noah Jones. For more information regarding Pei Wei Asian Diner or Tijuana Flats, contact Brent Andrews; Ext. 1016; Email: bandrews@atlanticretail.com. The Habit Burger Grill operates 104 locations throughout AZ, CA, NJ and UT. The restaurants, offering burgers, salads and sandwiches, occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Inland Empire and Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. For more information, contact John Romm, Commercial West Brokerage, 2443 East Coast Highway, Corona del Mar, CA 92625; 949-723-7300, Fax 949-723-7301; Email: jromm@commercialwest.com; Web site: www.commercialwest.com. Panera Bread operates more than 1,900 locations nationwide. The restaurants, offering sandwiches, soups, salads, paninis and baked goods, prefer to occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations, as well as endcaps of lifestyle, power, strip, specialty and entertainment centers. Growth opportunities are sought throughout central, southern and western VA during the coming 18 months, with representation by Cushman & Wakefield | Thalhimer. For more information, contact Connie Nielsen, Cushman & Wakefield | Thalhimer, 11100 West Broad Street, Glen Allen, VA 23060; 804-697-3569, Fax 804-697-3479; Email: connie.nielsen@thalhimer.com; Web site: www.thalhimer.com. Consolidated Restaurant Operations, Inc. trades as Lucky’s Cafe, El Chico, Cantina Laredo, III Forks, Cool River and Silver Fox at 115 locations throughout 16 states nationwide and internationally. The restaurants prefer to occupy spaces of 3,500 sq.ft. to 9,500 sq.ft in freestanding locations or strip malls. Plans call for 10 openings nationwide and in the Middle East during the coming 18 months. For more information, contact James Snell, Consolidated Restaurant Operations, Inc., 12200 Stemmons Freeway, Suite 100, Dallas, TX 75234-5877; 972-241-5500, Fax 972-888-8198; Email: jsnell@croinc.com; Web site: www.croinc.com. (continued on page forty-two)

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EXCLUSIVES AND TENANT REPS Next Realty Mid-Atlantic, LLC (703442-4500) is representing the following companies with their expansion plans: Field & Stream occupying spaces of 50,000 sq.ft. throughout central and southern VA, as well as in the Washington, DC metropolitan area; Citizen Burger occupying spaces of 3,500 sq.ft. throughout MD, northern VA and Washington, DC; Matchbox in spaces of 7,000 sq.ft. to 8,000 sq.ft. throughout major markets in TX; Floor & Décor using spaces of 60,000 sq.ft. to 90,000 sq.ft. throughout the Washington, DC metropolitan market; Gabe’s Unbelievable utilizing spaces of 50,000 sq.ft. to 60,000 sq.ft. and iFly on 0.75 acres to one acre pad sites in the Baltimore, MD and Washington, DC metropolitan markets; Weis Markets using spaces of 63,000 sq.ft. throughout MD and the Washington, DC metropolitan area; Corner Bakery Café occupying spaces of 3,500 sq.ft. to 4,000 sq.ft. in endcaps of shopping centers throughout the Washington, DC metropolitan area; Tom Dolan Swim School in spaces of 8,000 sq.ft. to 10,000 sq.ft. throughout northern VA; rue21 etc. occupying spaces of 6,000 sq.ft. to 7,000 sq.ft. throughout MD and VA; Il Fornaio Authentic Italian Restaurant & Bakery using spaces of 6,500 sq.ft. to 7,500 sq.ft. throughout MD, northern VA and Washington, DC; Elements Therapeutic Massage utilizing spaces of 1,800 sq.ft. to 2,200 sq.ft. throughout the Washington, DC metropolitan area; Kohl’s occupying spaces of 60,000 sq.ft. to 90,000 sq.ft. throughout Washington, DC and European Wax Center using spaces of 1,600 sq.ft. to 1,800 sq.ft. in select markets of the Baltimore, MD and Washington, DC metropolitan areas. Atlantic Retail Properties (704-697-1900) is representing the following tenants with their expansion plans: Nordstrom Rack using spaces of 35,000 sq.ft., Charming Charlie in spaces of 4,500 sq.ft. to 6,000 sq.ft., America’s Best Contacts & Eyeglasses using spaces of 3,000 sq.ft. to 4,000 sq.ft., TD Bank in spaces of 3,000 sq.ft. to 4,000 sq.ft., and Kilwin’s occupying spaces of 1,000 sq.ft. to 1,500 sq.ft. throughout NC and SC; hhgregg utilizing spaces of 25,000 sq.ft. throughout DE, MD, NJ, PA, northern VA and WV; Pivot Physical Therapy in spaces of 1,200 sq.ft. to 3,000 sq.ft., Caribou Coffee utilizing spaces of 1,600 sq.ft., My Camille’s restaurants using spaces of 1,800 sq.ft. to 2,500 sq.ft. and Tossed in spaces of 1,800 sq.ft. to 2,500 sq.ft. throughout NC; Heartland Dental Care using spaces of 2,400 sq.ft. to 4,500 sq.ft. and Mod in spaces of 2,500 sq.ft. to 3,000 sq.ft. throughout SC and Corepower Yoga occupying spaces of 4,000 sq.ft. to 5,000 sq.ft. in Raleigh, NC. Page 34 | May 22, 2015

The Goldstein Group (201-703-9700) is representing Hobby Lobby with its expansion plans throughout Bergen, Essex, Hudson, Hunterdon, Mercer, Morris, Passaic, Sussex and Warren counties in NJ. The company offers arts, crafts, hobbies and home décor items and prefers to occupy 55,000 sq.ft. endcaps and inline spaces of power centers along highway retail corridors. The company is also representing Destination XL with its expansion plans throughout central and northern NJ. The stores, offering men’s big and tall apparel items, prefer to occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations or endcaps of power centers. Preferred demographics include a trade-area population earning $70,000 as the average household income. The company is also representing SherwinWilliams with its expansion plans throughout central and northern NJ, occupying 2,500 sq.ft. to 4,000 sq.ft. inline spaces, pad sites or endcaps of neighborhood, strip or community shopping centers, as well as freestanding locations.

Edgemark Commercial Real Estate Services, LLC (630-572-5628) is representing Express Oil Change & Service Center with its expansion plans throughout the Naperville, Hinsdale, Schaumburg, Wheaton, Glen Ellyn, Arlington Heights, Buffalo Grove, Orland Park and North Shore areas of IL. The chain of automotive service centers prefers to occupy buildings of 25,000 sq.ft. to 35,000 sq.ft. on land areas of .50 acres to .75 acres. Preferred demographics include a minimum population of 20,000 within a three-mile radius. Preferred cotenants include Target, Walmart, Lowe’s Home Improvement, Home Depot, grocery anchors, restaurants and banks.

Renaud Consulting (703-404-2346) is representing the following companies with their expansion plans throughout VA: Bollywood Bistro in spaces of 3,000 sq.ft. to 4,000 sq.ft. throughout Rossyln, Clarendon, Ballston and Merrifield; Dragon Yong-In Martial Arts occupying spaces of 3,000 sq.ft. to 5,000 sq.ft., Smarter Cuts using spaces of 800 sq.ft. to 1,200 sq.ft. throughout northern VA; Lost Dog Café in spaces of 2,700 sq.ft. to 3,900 sq.ft. throughout Reston and Fairfax and Paul Mitchell in spaces of 800 sq.ft. to 1,200 sq.ft. throughout Arlington, Alexandria, Burke, South Riding, Manassas and Tysons Corner. The company is also representing Caffe Bene in spaces of 1,500 sq.ft. to 2,000 sq.ft. throughout MD, VA and Washington, DC.

Behar Real Estate Group, Inc. (305-9330614) is representing Corner Bakery Café with its expansion plans throughout Broward, Miami-Dade and Palm Beach counties in FL. The fast casual dining restaurants prefer to occupy 3,200 sq.ft. to 4,000 sq.ft. endcaps and outparcels of shopping centers along major corridors.

Lockehouse Retail Group, Inc. (415-4488461) is representing Tomatina Fresh Italian with its expansion plans throughout the San Francisco Bay Area of CA. The restaurants prefer to occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. Outdoor seating and a liquor license are required. Preferred demographics include a population within a two mile radius earning $75,000 as the median household income. The company is also representing Extreme Pita with its expansion plans throughout the San Francisco Bay Area, Tri-Valley and Peninsula regions of CA. The restaurants prefer to occupy spaces of 800 sq.ft. to 1,200 sq.ft. in freestanding locations, shopping centers and downtown areas. Sites with a strong daytime population are preferred.

Stirling Properties (800-330-4481) was recently appointed as the exclusive leasing agent and property manager for Santa Rose Mall, a 734,000 sq.ft. enclosed mall located along Mary Esther Boulevard in Mary Esther, FL. Dillard’s, JC Penney, Sears, Planet Fitness and Regal Cinemas anchor the property.

Winick Retail Specialists (212-792-2611) is representing Stolle Pie Shop with its expansion plans throughout Brooklyn and Manhattan, NY. The 49-unit chain of cafes prefers to occupy spaces of 500 sq.ft. to 1,500 sq.ft. Excess Space Retail Services, Inc. (800435-8384) is representing Petco with the disposition of inline spaces, endcaps and pad sites throughout CA, CO, MA, MD, SC, TX, VA and WA. Spaces range from 1,500 sq.ft. to 15,000 sq.ft. A&G Realty Partners (631-465-9507) is exclusively selling 153 leases through the bankruptcy of Cache with stores located in 32 states nationwide, the U.S. Virgin Islands and Puerto Rico. Sizes range from 1,400 sq.ft. to 4,400 sq.ft. DJM Real Estate (516-682-4200) is exclusively handling the disposition of 22 Tiger Direct stores located throughout DE, FL, IL, and TX, as well as in Ontario, Canada and Puerto Rico. Spaces range from 14,138 sq.ft. to 33,400 sq.ft. (continued on page fifty-two)

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THE DEALMAKERS STATE OF THE INDUSTRY 2015 (continued from page eight)

and medical tenants were the most common response as to what service is missing from the tenant mix of the future. Lanyard added, “Electric auto dealerships will most likely be a part of future retail sites.” Harold Shumacher, President and Managing Broker of The Shumacher Group, Inc., a brokerage firm serving the greater Atlanta, Georgia market with a specialty in representing restaurants also noted, “Menswear stores are understored, as are service tenants such as shoe repairs and vacuum cleaner repair shops.” Wadleigh mentioned, “The larger traditional anchors, such as Target, are also understored.” David Schwartz, President of Olympic Realty & Development Corp., a New York-based shopping center developer with a portfolio spanning the Northeast, said, “The luxury retail sector is understored, however the saturation or lack of other retail uses vary from market to market.” Uses most commonly cited as over stored included, fast-casual dining, gyms, yogurt and cupcake shops, pizza and burger concepts, while supermarkets are expected to hit a saturation point within five years. Many of our respondents expressed concern about how retailers will be funding new growth. Alternatives such as hedge funds and venture capital firms were the least appealing avenues for growth cited by the survey respondents, however only one retail chain has announced an IPO since the beginning of the year. Peloton Cycle, an eight-unit vertical retailer that manufactures and sells stationary bikes and carries athletic apparel, as well as provides spin classes ondemand with livestreaming, opted to source capital without going to Wall Street. The company opened its first store at Short Hills Mall in New Jersey, one of the most upscale shopping malls in the U.S. The high-tech stationary bikes are linked to an 8,000 sq.ft. cycling and film production studio in New York City with 12 classes streamed live daily. The bikes are priced in the $2,000 range, and most of the revenue is generated by charging $39 monthly to subscribe for unlimited spin classes. To fuel growth, the chain raised $41 million with the last round at $30 million lead by True Ventures, a venture capital firm, and Tiger Global Management, a hedge fund. Standard General is another hedge fund active in the retail sector with its recent funding to keep Radio Shack on life support.

Movie Tavern is an exciting new concept

As established chains continue to grow, new players are entering the retail arena in hopes of gaining dominance. Most of the startup concepts are being launched in the fast-casual and fast-food restaurant sectors. Shumacher noted, “Several regional concepts including Hob Nob, a beer centric gastro pub; Mac McGee’s, an Irish pub; Pure Taqueria and Sublime Doughnuts are growing.” Goodman added, Page 38 | May 22, 2015

“Movie Tavern is an exciting new concept.” Sandy Shindleman, the founder and President of Shindico, a development and brokerage firm based in Canada with offices in Zurich, said, “More local chefs are stepping out and opening new locations.” Respondents also noted Sub Zero, NY Bagel Café & Deli and Duck Donuts are growing chains. Lanyard recently finalized a lease with Spavia, an upscale day spa concept operating one location in Texas and four units in Colorado. Shindleman also signed a lease with a startup, Bianca Amor’s Liquidation, a 10-unit chain of discount stores with locations operating in Canada. Gang added, “I represented an owner in the West Village who leased space to The Doughnut Project, a regional gourmet doughnut chain. At first the landlord was very apprehensive with a startup until the tenant came in, made their pitch and even provided some samples.” Retailers moved the benchmark and are paying higher rent for grade “A” locations, however moving vacant space in marginal centers remains challenging. Lanyard said, “The dense New Jersey market, with a vacancy rate of about 6%, has seen rents increase by 10% over what it was two years ago. The retail market has been so strong, vacancies are becoming less and less. Large absorption of quality space will make it harder for retailers to find good locations, especially for tenants utilizing under 10,000 sq.ft.” Shumacher added, “In metro Atlanta, Georgia, the vacancy factor is 10% to 12% mainly in small shop space, however I’ve seen rents increase by 10% to 20% in ‘better markets’ during the past 18 to 24 months.” Frank Swiss, the President of Swissco Real Estate, a brokerage company serving the Midwest region, also commented, “Midwest Retailers moved the benchmark markets are sitting with vacancies in the 10% to 15% and are paying higher rent for range, with a large number grade “A” locations. of big box availability. Rents are trending upward for ‘A’ and ‘B’ locations.” Schwartz also explained, “Asking rents in major urban markets are showing substantial increases. Grade ‘A’ shopping centers continue to thrive, however marginal centers are becoming weaker.” The leasing team of Weingarten Realty Investors, with a portfolio of shopping centers totaling approximately 30 million sq.ft. of gross leasable space spanning 21 states, stated, “More small shop space is available in most markets, while the big box category is well leased. Vacancy rates vary across the country; however we are seeing multiple major markets with record low vacancy records. Generally the rent increases we are seeing are related to the quality of the asset and the positioning of the space within the center. We are seeing better increases in infill locations as well.” Michael Winters, Chief Investment Officer of Cedar Realty Trust, Inc., a fully-integrated real estate investment trust with a portfolio of approximately 10 million sq.ft. of shopping centers spanning from the DC market to Massachusetts, added, “The Northeast and Mid-Atlantic regions are showing vacancy rates of 5% to 7%, and small shop space for lease is more prevalent. Retailers are fighting for lower rents, but yes, rents are absolutely increasing.” Wadleigh noted, “Although vacancy rates are less than 5% in certain markets, rents are increasing slowly.” Gang explained, “I expect vacancy rates to hover around 5% throughout New York, New York. With a continually improving economy and more optimism, the asking rents have been increasing in almost every major retail district in Manhattan. The average asking rent along Upper Fifth Avenue was approximately $3,100 psf, an increase of $600 psf since the same time last year. An asking rent of $5,000 psf was even reached for one property. Soho asking rents on Spring Street reached $950 psf, retail rents on the Upper Westside increased (continued on page forty)

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NYSE


THE DEALMAKERS STATE OF THE INDUSTRY 2015 (continued from page thirty-eight)

to almost $400 psf. Retailers still recognize New York City as one of the best performing metropolitan areas in the country for the long term and the asking rents are verifying that perception.” We’ve come a long way since 2010. Stats over the past five years benchmarking brick-and-mortar retail growth shows retailers now have a high-level in confidence in the economy, and most chains expect prolonged growth. The Dealmakers’ research staff polled approximately 2,000 retail and restaurant chains regarding expectations for increasing store counts, preferred footprints, ideal type of real estate and which markets are the most attractive for future store locations. Survey results showed 93% of the chains polled plan to open locations, a positive trend from 92% of the respondents from last year’s survey. Compared to where we were in 2010 when less than 50% of the chains polled expected to open more stores, it’s been a remarkable turnaround. Most chains project opening, on average, at least ten locations this year. It was no surprise to find that restaurants and food concepts represent the lion’s share of projected growth ranking at 32% compared to 35% last year. Apparel chains represented 8% of the projected growth compared to 9% in 2014. Supermarket chains, home décor and home improvements chains each represent 7% share compared to a rank of 6% for each use last year. Other uses expected to continue growth include auto service providers, hair salons and cosmetics, followed by convenience and specialty stores. As chains continue to downsize, 75% of the chains cited under 800 sq.ft. and up to 12,000 sq.ft. as the optimum store size, compared to 61% last year. Stores under 3,500 sq.ft. are the sweet spot for 42% of the retailers surveyed and the 3,500 sq.ft. to 12,000 sq.ft. range was preferred by 33% of the respondents. Junior anchor space was sought by 14% of the chains polled, and 11% occupy anchor positions. Schwartz noted, “Junior anchors, such as office supply chains, are shrinking their footprints or closing stores to counteract the shift of brick-and-mortar sales to an online platform.” Lanyard concurred and said, “Many national and regional tenants are taking less space with internet sales making up the difference.” Shumacher added, “Retailers are continuing to scale down store sizes; with an emphasis on the unique and curated.” Also, 28% of the respondents prefer to utilize freestanding facilities compared to 30% in 2014. The under flow of tenants to freestanding facilities has shifted to 39% opting for strip and power centers compared to 32% last year, 12% utilizing urban storefronts and mixed-use sites, along with 11% preferring mall-based locations, an upward trend from 8% last year. A preference for lifestyle centers remained flat at 5% and less than 2% each for specialty, entertainment, outlet and tourist centers. National growth is expected by 8% of the respondents and a state-bystate breakdown of the most attractive markets to retailers for growth put Florida at the top of the list followed by New York, California, New Jersey, Virginia, Texas, Pennsylvania, North Carolina, Illinois and Maryland. When asked what types of anchors are expected to be the most prolific with new store openings over the next few years, our respondents, by an overwhelming majority, expressed that grocery stores are leading the race. Shumacher cited Sprouts and Aldi as chains that are aggressively looking for sites. Swiss mentioned Walmart Neighborhood Market, Meijer, Fresh Thyme, Giant Eagle and Kroger are all actively opening stores, as well. Also, Schwartz, noted, “Trader Joe’s is an exciting retailer that continues to

Grocery store chains seem to be the only “anchors” growing in meaningful numbers.

Page 40 | May 22, 2015

grow and is a good example of anchors successfully operating in a smaller footprint.” Shindleman named Sobeys, Walmart and Loblaws as actively growing in the Canadian market. The most mentioned non-supermarket anchor is T.J. Maxx, including the T.J. Maxx, Homegoods and Marshalls divisions. Weingarten Realty Investors also noted Ross Dress For Less and added that anchor tenants are very actively seeking locations for 2016 and 2017 openings. Lanyard also noted Hobby Lobby as another growing non-grocery chain. Goodman said, “I’m not sure if they would be considered, but fitness centers are very active.” Trader Joe’s is noted as a good example Cram also concurred of an anchor successfully operating in a that grocery stores are smaller footprint the most prolific, and he added that he is observing more “mini-anchors” paired up to anchor sites. Wadleigh summed it up with, “Grocery store chains seem to be the only ‘anchors’ growing in meaningful numbers.”    As the economy improves, more retailers are able and willing to make capital investments in store build-outs. Lanyard explained, “Yes, retailers are more open to capital expenditures, but they still look for some type of credit from the landlord in lieu of TI.” Wadleigh added, “More anchors are putting up capital, but only if the landlord is also contributing heavily to the build-out.” Weingarten Realty Investors also added, “It’s completely dependent on location. Overall, most anchor tenants are within the parameters that we are used to seeing on new deals. Small shop tenants are more aggressive.” Gang expressed, “Unfortunately for tenants, landlords are committing to less and less work. With low vacancy rates landlords are reluctant to perform any work or give cash allowance. They prefer to give the tenant free rent.” Lanyard noted, “The requests are the same from the tenant as in the past few years, but landlords are giving less than they did two to three years ago.” Wadleigh also said, “Tenants who need to grow in a meaningful way are going to have to start increasing rents, lowering TI or being more flexible on non-monetary terms such as exclusives, co-tenancy thresholds, etc. in order to compete for space or make new developments pencil for the developers.” As to other shifts in retailers’ negotiation tactics, Shindleman has observed, “Now retailers are trying to go with a 15-year lease versus the industry standard of a 20 or 25-year primary term.” Schwartz added, “A certain class of retailers is bargaining for shorter terms. Retailers that historically signed 15 to 20-year leases are now pressing for 10-year terms. For new development projects, obtaining financing without a longer term is tenuous.” Tenants utilizing freestanding locations are more often opting to acquire pad sites to self-develop rather than the historical approach of ground leases. Lanyard explained, “Creative retailers, such as Hobby Lobby, are also structuring reverse build-to-suits.” Cram said, “Retailers are less attracted to ground leases than in previous years. Panera Bread, as an example, is now looking for full build-to-suit deals rather than ground leases. As tenants increase their store growth plans, less ground lease financing will be used. However, retailers in the freestanding world are driving down rent constants.” Swiss noted, (continued on page one hundred)

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Owning and Operating Grocery Anchored Retail Centers Nationwide since 1979

Leasing OppOrtunities natiOnwide

ASHBROOK COMMONS Ashburn, VA 198,589 SF Community Center Harris Teeter, Home Goods, Off Broadway

ARBORLAND CENTER Ann Arbor, MI 403,814 SF Community Center Michael’s, DSW, Ulta

CLAYTON LANE - Denver, CO Expanding Mixed-use Development in Cherry Creek North Crate & Barrel, J.W. Marriott

THE GARDENS ON HAVANA Aurora, CO 496,166 SF Community Center Sprouts, Target, Kohl’s

BALLANTYNE COMMONS EAST Charlotte, NC 150,926 SF Community Center Harris Teeter, Rite-Aid

SHORT PUMP STATION Glen Allen, VA 89,769 SF Community Center Trader Joe’s, Ulta, Petco

Please contact Ira Shwartz IShwartz@AmCap.com

Acquisitions:

Jake Bisenius JBisenius@AmCap.com 203-327-2001

Corporate Headquarters: 1281 East Main Street Stamford, CT 06902 203-327-2001

www.AmCap.com

Leasing:

44 Cook Street #710 Denver, CO 80206 303-321-1500


FOOD CHAINS EXPAND (continued from page thirty-two)

Noodles & Co. operates more than 430 locations throughout 32 states nationwide. The restaurants prefer to occupy spaces of 2,500 sq.ft. to 2,700 sq.ft. in freestanding locations, as well as endcaps of power and strip centers. Growth opportunities are sought throughout UT during the coming 18 months, with representation by Coldwell Banker Commercial Advisors. For more information, contact Zach Beaudry, Coldwell Banker Commercial Advisors, 6550 South Millrock Drive, Suite 200, Salt Lake City, UT 84121; 801947-8300, Fax 801-947-8301; Email: zach.beaudry@cbcadvisors.com; Web site: www.cbcadvisors.com. CKE Restaurants Holdings, Inc. trades as Carl’s Jr. at 1,442 locations throughout the western region of the U.S. The burger restaurants prefer to occupy spaces from 2,650 sq.ft. to 3,000 sq.ft. on pad sites and hard corners of shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Ingrid Akers, CKE Restaurants Holdings, Inc., 1325 North Anaheim Boulevard, Anaheim, CA 92801; 949-254-4839; Email: iakers@ckr.com; Web site: www.ckr.com.

Blue Baker operates three locations in Austin and College Station, TX. The restaurants, offering sandwiches, salads, pizza and pastry items, prefer to occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in strip and power centers, freestanding locations and urban areas. Growth opportunities are sought throughout Austin, TX during the coming 18 months, with representation by Edge Realty Partners. For more information, contact Jeff Townsend, Edge Realty Partners, 515 Congress Avenue, Suite 2325, Austin, TX 78701; Email: jtownsend@edge-re.com; Web site: www.edge-re.com.

Pieology Pizzeria operates more than 60 locations throughout AL, AZ, CA, CO, KY, MN, NV, OH, OR and TX. The pizzerias prefer to occupy spaces of 2,000 sq.ft. to 2,800 sq.ft. in strip centers. Growth opportunities are sought throughout central TX during the coming 18 months, with representation by Weitzman Group. For more information, contact Britt Morrison, Weitzman Group, 4200 North Lamar Boulevard, Suite 200, Austin, TX 78756; 512-482-0094, 512-482-9021; bmorrison@weitzmangroup.com; Web site: www.weitzmangroup.com.

Texas Roadhouse operates more than 450 locations nationwide and internationally. The casual dining steakhouses prefer to occupy spaces from 7,200 sq.ft. to 8,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout Long Island, Bronx, Brooklyn, Queens, Manhattan, Staten Island and Westchester, NY during the coming 18 months, with representation by Ripco Real Estate. For more information, contact Daniel Glazer, Ripco Real Estate, 420 Jericho Turnpike, Suite 100, Jericho, NY 11753; 515-933-8880; Email: dglazer@ripcony.com; Web site: www.ripcony.com.

Summit Realty, LLC represents a Taco Bell franchisee. The fast-food restaurants occupy spaces of 2,000 sq.ft. in freestanding locations. Plans call for eight openings throughout northern and central NJ, in addition to Bronx, Brooklyn, Hudson Valley, Queens, Staten Island and Westchester, NY during the coming 18 months, with representation by Summit Realty, LLC. For more information, contact Bob Delia, Summit Realty, LLC, 9 White Oak Drive, Califon, NJ 07830; 908-832-0276; Email: bdelia@summitrealtyllc.com; Web site: www.summitrealtyllc.com.

Mel’s Drive-In operates seven locations throughout CA. The chain of diners prefers to occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout San Francisco and southern CA, as well as in NY and Las Vegas, NV during the coming 18 months. The company is franchising. For more information, contact Steven Weiss, Mel’s Drive-In, 8585 Sunset Boulevard, Hollywood, CA 90069; 310413-9009, Fax 310-919-3065; Web site: www.melsdrive-in.com.

Popeye’s operates more than 2,300 locations nationwide and internationally. The fast-food restaurants prefer to occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations or endcaps of shopping centers. Growth opportunities are sought throughout Anne Arundel, Calvert, Carroll, Harford, Howard and St. Mary’s counties in MD during the coming 18 months, with representation by Reliable Real Estate Services. For more information, contact William Steffey, Reliable Real Estate Services, 2410 Evergreen Road, Suite 104, Gambrills, MD 21054; 410-647-1616; Email: bsteffey@reliablecompanies.net.

Penn Station, Inc. trades as Penn Station East Coast Subs at 292 locations throughout GA, IL, IN, KS, KY, MI, MO, NC, OH, PA, SC, TN, TX, VA and WV. The sub shops prefer to occupy 1,500 sq.ft. to 1,800 sq.ft. endcaps of shopping centers. Plans call for 40 to 50 openings throughout AL, AR, GA, IA, IL, IN, KS, KY, MI, MO, NC, OH, PA, SC, TN, VA, WI and WV during the coming 18 months. For more information, contact Mark Partusch, Penn Station, Inc., 1226 U.S. Highway 50, Milford, OH 45150; 513474-5957, Fax 513-474-7116; Email: realestate@penn-station.com; Web site: www.penn-station.com.

Le Duff America, Inc. trades as La Madeleine Country French Café at 75 locations throughout GA, LA, MD, OK, TX and VA. The French-themed cafes prefer to occupy spaces of at least 4,750 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout AR, AZ, CO, FL, GA, LA, MD, NM, NV, OK, TN, TX and VA during the coming 18 months. For more information, contact Melissa Tinsley, Le Duff America, Inc., 12201 Merit Drive, Suite 900, Dallas, TX 75251; 469-619-3504, Fax 214-540-2100; Email: mtinsley@lamadeleine.com; Web site: www.lamadeleine.com.

Page 42 | May 22, 2015

Dunkin’ Donuts operates more than 11,300 locations nationwide and internationally. The donut shops prefer to occupy 900 sq.ft. to 1,700 sq.ft. inline spaces and endcaps of shopping centers. Growth opportunities are sought throughout the Washington, DC metropolitan area during the coming 18 months, with representation by Colliers International. For more information, contact Bob Browning, Colliers International, 1000 Wisconsin Avenue Northwest, Suite 200, Washington, DC 20007; 202-742-1106; Email: bob.browning@colliers.com; Web site: www.colliers.com. Checkers operates more than 800 locations nationwide. The fast-food restaurants prefer to occupy spaces of 900 sq.ft. to 2,000 sq.ft. in entertainment, strip and value centers, regional malls and freestanding locations, as well as entertainment and downtown/ urban areas. Plans call for three openings throughout Brooklyn and Queens, NY during the coming 18 months, with representation by Pliskin Realty & Development, Inc. For more information, contact Christopher Wierzbicki, Pliskin Realty & Development, Inc., 591 Stewart Avenue, Suite 100, Garden City, NY 11530; 516-997-0100 Ext. 312, Fax 516-997-7225; Web site: www.pliskinrealty.com. (continued on page fifty-one)

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Fulfilling Tenants’ Dreams Since 1933. For over 80 years, Milbrook Properties has provided new generations of retailers a foundation to dream. Through hard work and continued growth, these aspirations have become a reality. We are actively seeking to add new retail tenants and acquisitions to our existing portfolio. RETAIL AVAILABILITIES FLORIDA Flamingo Market Place | Pembroke Pines Bravo, 21st Century Oncology, Social Security 1664 SF – 4641 SF FMS Corners | Pembroke Pines Subway, Asian Buffet, Animal Hospital Hollywood Palms | Hollywood Publix, Walgreens, Dade Medical 1652 SF – 2227 SF Shoppes at Margate | Margate Dollar Tree, Advance America, Carnival Supermarket 1500 SF – 7500 SF+ Shoppes at Pembroke | Pembroke Pines Michaels, Weight Watchers, Allstate 1487 SF – 7600 SF

NEW YORK Adams Commerce Plaza | Hauppauge Dunkin’ Donuts, The Grill Room, Blimpie 1126 SF – 2285 SF

Waverly Plaza | Holtsville Allstate, Dunkin’ Donuts, Tanning, Deli, Pizza 900 SF

Huntington Crossroads | Huntington Station H&R Block, Domino’s Pizza, Pollo Compare

Baldwin Square | Baldwin Best Buy, Applebee’s, CVS Bay Shore Commons | Bay Shore Stop & Shop, Rent-A-Center, Retro Fitness 1450 SF Bethpage Plaza | Bethpage DMV, ProHealth Assoc., Dunkin’ Donuts, Wells Fargo HM 4800 SF Bi-County Commons | East Farmingdale Giunta’s Meat Farms, Retro Fitness, BFCU Bohemia Commons | Bohemia Giunta’s Meat Farms, AutoZone, CVS, Pets Warehouse Burnside Avenue | Bronx 2500 SF – 4500 SF

The Shoppes at Market Street | Nanuet Pinot’s Palette, BounceU, Jenny Craig, Quest

Cherry Valley Plaza | West Hempstead Pet Supplies Plus, Payless Shoes, GameStop, Euro Wax Center 2160 SF – 10,000 SF

NYC | Various opportunities in all boroughs

Huntington Shoppes | Huntington Station AutoZone, Carvel, Pharmacy

NEW JERSEY Aviation Plaza | Linden Target, Home Depot, ShopRite, AMC Theatres 4000 SF – 8300 SF Divisible

Kenmore Plaza | Seaford Gino’s Pizzeria, Liquor, Antiques Lake Shore Plaza | Lake Ronkonkoma Chase Bank, Pet Supplies Plus, Wells Fargo 1124 SF – 47,500 SF Supermarket Anchor

Edison Plaza | Edison ShopRite, Party Fair, Capital One Bank 3000 SF Divisible

Main Street Promenade | Nyack Anchor/Redevelopment Subway, H&R Block 10,380 SF

Princeton Meadows | Plainsboro Asian Food Market, Subway Royal Plaza | East Windsor City Streets Café, Citi Financial, Allstate Second Generation Restaurant Available

Spring Valley Marketplace | Spring Valley Michaels, Bed Bath & Beyond, Christmas Tree Shops 1714 SF – 2493 SF

Contact us today to set up an appointment at RECon in Las Vegas. Charles Hirsch Pascal Spagna

| |

chirsch@milbrookproperties.com pspagna@milbrookproperties.com

Tom LiPuma Rubin Pikus

| |

42 Bayview Avenue | Manhasset, NY 11030 | T 516.869.1240 F 516.869.8576 |

tjlipuma@milbrookproperties.com rpikus@milbrookproperties.com

www.milbrookproperties.com


LEASE SIGNINGS (continued from page twenty-four)

The Katsias Co. (757-490-3585) recently negotiated the following leases throughout VA: with iTag for 8,470 sq.ft. at Birdneck Shopping Center, located along Birdneck Road in Virginia Beach, with Jason Loizou representing the tenant in the transaction; with Crazy About Sports and More for 920 sq.ft. at Holland Plaza Shopping Center, located along Holland Road in Virginia Beach, with Cole Werkheiser representing the landlord in the transaction; with One Shot Tattoo for 1,190 sq.ft. at Robbins Corner Shopping Center, located along Independence Boulevard in Virginia Beach, with Brian C. Baker representing the landlord in the transaction and with H&R Block for 2,000 sq.ft. at Holland Plaza Shopping Center, located along Holland Road in Virginia Beach, with John Katsias and Cole Werkheiser representing the landlord in the transaction. illi Commercial Real Estate (818-501-2212) recently negotiated the following leases throughout CA: with Dollar Tree for 13,346 sq.ft. along Atlantic Avenue in Long Beach, with Todd Nathanson and Kyle Fishburn of illi Commercial Real Estate negotiating the transaction; with a pet grooming and supply store for 946 sq.ft. along Truman Street in San Fernando, with J. Richard Leyner and David Sedlak of illi Commercial Real Estate representing the landlord and tenant in the transaction and with a massage therapy spa for space along Ventura Boulevard in Encino, with Todd Nathanson, Jonathan Daniels and Josh Rudin of illi Commercial Real Estate representing the landlord and tenant in the transaction. Cushman & Wakefield | Thalhimer (804697-3444) recently negotiated the following leases throughout VA: with Rainbow Christian Book & Gifts, Inc. for 5,300 sq.ft. at Southgate Square in Petersburg; with TVO Auto Service for 5,250 sq.ft. along West Broad Street in Henrico County; with Pops Market for 2,800 sq.ft. along East Grace Street in Richmond and with Hand & Stone Massage for 2,449 sq.ft. at Stonehenge Village, located at the intersection of Midlothian Turnpike and Walmart Way in Chesterfield County. Icon Cos. (315-299-6292) recently negotiated a lease with “Herb” Philipson’s Outfitters for the Great Outdoors for 34,000 sq.ft. at Dewitt Town Center, located along Erie Boulevard East in Dewitt, NY. The store will join Harbor Freight Tools, Five Guys Famous Burger and Fries and Empire Buffet at the center. Page 44 | May 22, 2015

Velocity Retail Group, LLC (602-682-6020) recently negotiated the following leases throughout AZ: with Mega Furniture USA for 35,000 sq.ft. at Gateway Pavilions, located at the intersection of McDowell Road and 99th Avenue in Avondale, with Dave Cheatham of Velocity Retail Group, LLC representing the tenant in the transaction; with Mattress Firm for 7,000 sq.ft. at Emerald Center, located at the intersection of Warner and Interstate 10 in Tempe, with Michael Clark and Darren Pitts of Velocity Retail Group, LLC representing the tenant in the transaction; with MOD Pizza for 2,537 sq.ft. at Superstition Gateway West, located at the intersection of US 60 and Signal Butte in Mesa, with Brian Gast of Velocity Retail Group, LLC representing the landlord in the transaction; with Firehouse Subs for 2,400 sq.ft. at the intersection of Acoma and Scottsdale Road in Scottsdale, with Judi Butterworth of Velocity Retail Group, LLC representing the tenant in the transaction and with The Hen House Café for 2,434 sq.ft. at Shops and Spectrum Village in Gilbert, with Brian Gast of Velocity Retail Group, LLC representing the landlord in the transaction. Eastman Cos. (201-796-7788) recently negotiated leases with Ike’s Bagel Café and Hand & Stone Massage and Facial Spa at The Village at Livingston, a 93,000 sq.ft. shopping center located in Livingston, NJ. Alison Cohen of Winick Realty Group represented Ike’s Bagel Café and Florian Suserman of Ripco Real Estate Corp. represented Hand & Stone Massage and Facial Spa in the transaction. S.L. Nusbaum Realty Co. (757-282-6505) recently negotiated the following leases throughout VA: with Hampton Roads Karate/Gracie Jiu-Jitsu for 2,400 sq.ft. at Glenwood Square in Chesapeake, with Murray Rosenbach of S.L. Nusbaum Realty Co. representing the landlord in the transaction; with Bliss of Elegance Boutique for 1,300 sq.ft. along Princess Anne Road in Virginia Beach, with Chris Devine and Chris Zarpas of S.L. Nusbaum Realty Co. representing the landlord in the transaction and with Studio M Hair Design for 1,253 sq.ft. at The Shops at Cedar Valley in Williamsburg, with Neal Sadler of S.L. Nusbaum Realty Co. representing the landlord in the transaction. Miller Walker Retail Real Estate (202-3330303) recently negotiated a lease with AMC Theatres for space at Rivertowne Commons in Oxon Hill, MD. The company represented the tenant in the transaction.

Flocke & Avoyer Commercial Real Estate (858-875-4660) recently negotiated a 10year lease with Solana Beach Pho Bar & Grill for 2,881 sq.ft. along Rosecrans Street in San Diego, CA. Steve Avoyer, Matt Peckham and Michael Stuhmer of Flocke & Avoyer Commercial Real Estate represented the landlord and Jose Bravo of Vanguard Resource Group represented the tenant in the transaction. MSC Retail (215-568-2600) recently negotiated a lease for 2,200 sq.ft. of ground floor retail space with New Balance along Walnut Street in center city Philadelphia, PA. The company will join Apple, Theory, Urban Outfitters and Free People in the area. Brittany Goldberg and Douglas Green of MSC Retail represented the landlord and tenant in the transaction. Berger-Epstein Associates, Inc. (610-4377070) recently negotiated a lease with Barre3, a fitness fusion concept, for 2,400 sq.ft. at The Shops at 3900 Hamilton Center, located along Hamilton Boulevard in Allentown, PA. Jonathan Epstein from Berger-Epstein Associates, Inc. represented the landlord and Beth Cannon of Century 21 Pinnacle represented the tenant in the transaction. The Feil Organization (212-563-6557) recently negotiated a lease with Tiny Treasures Child Care for 6,600 sq.ft. at Sunrise Business Center, located along Sunrise Highway in Great River, NY. Source One Commercial Real Estate Services, Inc. represented the tenant in the transaction. CBRE | Richmond (804-320-5500) recently negotiated a lease with The Fitness Company, LLC for 4,200 sq.ft. and with Studio Two Three for 5,932 sq.ft. along West Clay Street in Richmond, VA with David Crawford of CBRE | Richmond representing the landlord in both transactions. Cypress Equities (214-561-8814) recently negotiated a lease with Grille 29 restaurant for 7,975 sq.ft. at Brookwood Village, a mixed-use development located in Birmingham, AL. The company will join Macy’s at the site. Gerdom Realty & Investment (248-2426766) recently negotiated a lease with Art Van Sleep for 4,000 sq.ft. at the intersection of Eureka Road and Pardee Road in Taylor, MI. (continued on page seventy-four)

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THE LEVEE DISTRICT EAST PEORIA, IL

QUINCY MALL QUINCY, IL

STREETS OF ST. CHARLES ST. CHARLES, MO

Experience. Innovation. Integrity. Mixed-Use • Retail • Medical • Multi-Family • Office For more than three decades, Cullinan Properties, Ltd. has been a leading provider of commercial and mixed-use real estate services. We’ve built our reputation on strong relationships, successful projects and our commitment to excellence. Let us show you how we turn real estate plans into reality with over a $1 billion in successful real estate projects completed to date.

Visit us in booth S341Q During ICSC RECON Las Vegas May 17- 20, 2015 www.cullinanproperties.com 309.999.1700 | Chicago, IL | Peoria, IL | St. Louis, MO


APPAREL CHAINS EXPAND Factory Connection, LLC trades as Factory Connection at 300 locations throughout AL, AR, GA, IL, KS, KY, LA, MO, MS, OH, OK, TN, TX, VA and WV. The stores, offering men’s and women’s active apparel wear, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in strip and value centers, as well as urban/downtown areas. Growth opportunities are sought throughout AL, AR, IL, IN, KS, KY, LA, MO, MS, NC, OH, OK, SC, TN and TX during the coming 18 months. A vanilla shell is required. Preferred demographics include a population of 12,000 within three miles earning $30,000 as the average household income. Gainesville, GA | Atlanta Metro Market 80,000 Square Feet Available New Holland Market is a planned 300,000SF regional mixed-use development comprised of national and local retailers, restaurants and medical office tenants. NEW HOLLAND MARKET TENANTS Kroger Marketplace  Quick Trip  Verizon Wireless  McDonald’s  Taco Bell AutoZone  Papa John’s  Hulsey Dentistry  SuperCuts  Señor Fiesta Mexican Grill 864.272.0088 David.Winburn@choldings.com CHoldings.com

(continued from page one)

contact Jeffrey Parisian, 3344 Morse Crossing, Columbus, OH 43219; 614-4635200; Email: realestate@lanebryant.com; Web site: www.lanebryant.com. For more information regarding Maurices, contact Jeff Holmes, Maurices, Inc., 105 West Superior Street, Duluth, MN 55802; 218-720-2035; Email: jholmes@maurices.com; Web site: www.maurices.com. For more information regarding Justice, contact Alan Hochman, Tween Brands, Inc., 8323 Walton Parkway, New Albany, OH 43054; 614-775-3500; Email: ahochman@tweenbrands.com; Web site: www.tweenbrands.com.

New Holland Market Announces Phase II

Page 46 | May 22, 2015

For more information, contact Kevin Hawk, Factory Connection, LLC, 2300 Highway 79 South, Guntersville, AL 35976; 256-264-9400, Fax 256-264-9340; Email: khawk@factory-connection.com; Web site: www.factory-connection.com. 10 Spot / Madrag operates 63 locations throughout AR, CT, FL, MA, MD, NJ, NY, PA, RI and TN. The stores, offering women, juniors and plus-size apparel at popular price points, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in malls, power and strip centers, as well as urban/downtown areas. Plans call for eight to 12 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include supermarkets. Preferred demographics include a population of 100,000 within three miles earning $35,000 to $50,000 as the average household income. For more information, contact Nathan Hoffman, 10 Spot / Madrag, 5601 West Side Avenue, North Bergen, NJ 07047; 201-319-1400 Ext. 118, Fax 201-319-0111; Email: nhoffman@madragstores.com; Web site: www.madragstores.com. Country Visions trades as Apricot Lane Boutique at 88 locations throughout AK, AL, AZ, CA, CO, CT, FL, IA, IL, KS, KY, LA, MN, MO, MS, MT, NC, ND, NE, NV, NY, OH, PA, SC, TX, VA, WA, WI and WV. The stores, offering better lines of women’s apparel, accessories and gift items, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in malls, lifestyle and power centers, as well as urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with a fiveyear option. A vanilla shell is required. The company is franchising. For more information, contact Terry Odneal, Country Visions, 3333 Vaca Valley Parkway, Suite 700, Vacaville, CA 95688; 707-451-6890 Ext. 106, Fax 707-451-0410; Email: realestate@apricotlaneusa.com; Web D site: www.apricotlaneusa.com. M

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FOOD CHAINS EXPAND (continued from page forty-two)

Golden Corral Corp. trades as Golden Corral Buffet & Grill at more than 500 locations nationwide. The family style buffet restaurants prefer to occupy 8,000 sq.ft. to 14,000 sq.ft. endcaps of shopping centers, as well as freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Dick Chase, Golden Corral Corp., 5151 Glenwood Avenue, Raleigh, NC 27612; 919-781-9310; Email: dchase@goldencorral.net; Web site: www.goldencorral.com. Rubio’s Fresh Mexican Grill operates more than 190 locations throughout AZ, CA, CO, NV and UT. The Mexican restaurants prefer to occupy spaces of 2,500 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout CO and NV during the coming 18 months, with representation by Creative Realty Group. For more information, contact Joe Mannino, Creative Realty Group, 2495 Fairmount Boulevard, Cleveland Heights, OH 44106; 216-577-3276, Fax 216-5141484; Email: jmannino@creativerealtygroup.com; Web site: www.creativerealtygroup.com. Slow Bones Modern BBQ operates a location in Burlington, MA. The restaurant prefers to occupy 1,800 sq.ft. to 3,000 sq.ft. endcaps and inline spaces of shopping centers, freestanding locations and urban and suburban areas. Growth opportunities are sought throughout the Boston, MA metropolitan area during the coming 18 months, with representation by Conviser Property Group. For more information, contact Adam Conviser, Conviser Property Group, 858 Washington Street, Suite 306, Dedham, MA 02026; 617-839-0456; Email: adam@conviserpg.com. Corner Bakery Café operates more than 185 locations throughout 20 states nationwide. The fast-casual restaurants prefer to occupy 3,200 sq.ft. to 4,000 sq.ft. endcaps of anchored shopping centers or outparcels. Growth opportunities are sought throughout Broward, Miami-Dade and Palm Beach counties in FL during the coming 18 months, with representation by Koniver Stern Group. For more information, contact Mickey Finkle, Koniver Stern Group, 18321 West Dixie Highway, Suite 204, Miami, FL 33160; 305-532-6100; Email: mfinkle@koniversterngroup.com; Web site: www.koniversterngroup.com. Dealmakers Magazine | www.dealmakers.net

Sonic Drive-In operates more than 3,500 locations nationwide. The fast-food restaurants prefer to occupy freestanding locations on land areas of 0.75 to 1.5 acres. Growth opportunities are sought throughout Nassau, Suffolk and southern Westchester counties in NY during the coming 18 months, with representation by The Shopping Center Group. Starbucks operates more than 22,000 locations nationwide and internationally. The gourmet coffee houses prefer to occupy 600 sq.ft. to 1,800 sq.ft. endcaps of shopping centers, office buildings or downtown locations. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by The Shopping Center Group. For more information regarding Sonic Drive-In, contact Steve Gillman, The Shopping Center Group, LLC, 711 Westchester Avenue, Suite 201, White Plains, NY 10604; 914-328-2222, Fax 914328-2121; Email: steve.gillman@tscg.com; Web site: www.theshoppingcentergroup.com. For more information regarding Starbucks, contact David Firestein; Email: dfirestein@scg-retail.com. Happy Joe’s Pizza & Ice Cream operates more than 50 locations throughout AZ, IA, IL, MN, MO, ND and WI. The restaurants, offering pizza, pasta, sandwiches, salads, ice cream and breakfast items, prefer to occupy spaces of 2,500 sq.ft. to 4,500 sq.ft. in strip centers or freestanding locations. Plans call for four openings throughout the Midwestern region of the U.S. during the coming 18 months. For more information, contact Tim Anderson, Happy Joe’s Pizza & Ice Cream, 2705 Happy Joe Drive, Bettendorf, IA 52722; 563-332-8811, Email: tima@happyjoes.com; Web site: www.happyjoes.com. Dig Inn Seasonal Market operates 10 locations throughout NY. The chain of fastcasual restaurants, offering farm-to-table menu options, prefers to occupy spaces of 1,000 sq.ft. to 2,500 sq.ft. in corner or freestanding locations. Growth opportunities are sought throughout Boston, MA and Brooklyn and Manhattan, NY during the coming 18 months, with representation by DLL Real Estate. For more information, contact David Latman, DLL Real Estate, 400 East 56th Street, New York, NY 10022; 212755-7251, Fax 212-755-2010; Email: dllrealestate@nyc.rr.com. DM

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Jennifer Diedrich, Economic Development Coordinator 815.748.2365 or jdiedrich@cityofdekalb.com May 22, 2015 | Page 51


EXCLUSIVES AND TENANT REPS www.envoynnn.com

(continued from page thirty-four)

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Southeast Realty Group, Inc. (561-8327880) is representing Jamba Juice with its expansion plans throughout Broward County in FL. The 700-unit chain of juice bars, offering smoothies and wraps, prefers to occupy spaces of 800 sq.ft. to 1,200 sq.ft. in anchored power centers. Preferred demographics include a population of 45,000 within a two-mile radius earning $60,000 to $90,000 as the median household income. The company prefers to locate in sites with high pedestrian and vehicular traffic counts. Typical leases run five years. The Katsias Co. (757-490-3585) is representing Total Nutrition with its expansion plans throughout the Hampton Roads area of VA. The vitamin and supplement chain prefers to occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in areas with high visibility. Preferred cotenants include fitness centers. The company is also representing Plaza Azteca with its expansion plans throughout the MidAtlantic region of the U.S. The Mexican restaurants prefer to occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in areas with high visibility and dense residential and daytime populations. RKF (305-372-6216) is representing Raw Juice with its expansion plans throughout Aventura, Brickell, Coral Gables, Dadeland, Doral, downtown Miami, Edgewater, Miami Beach, south Miami and Sunny Isles in FL. The chain, offering organic food items and cold pressed juices, prefers to occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. near sites with high visibility and a dense daytime population. Preferred cotenants include fitness facilities. Sabre Real Estate (516-874-8070) is representing Massage Envy with its expansion plans throughout Manhattan, Long Island and the outer boroughs of New York, NY. The company prefers to occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in neighborhood centers. Preferred cotenants include Whole Foods, Trader Joe’s, health clubs and femaledriven anchor stores. Jameson Commercial (312-699-6660) is representing Simply Slices with its expansion plans throughout Chicagoland, IL. The pizzerias prefer to occupy spaces of 800 sq.ft. to 2,000 sq.ft. in freestanding locations or endcaps of shopping centers with a drive-thru. DM

TWITTER.COM/ DEALMAKERSMAG Page 52 | May 22, 2015

Dealmakers Magazine | www.dealmakers.net


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INDIANAPOLIS

Deals and Counting

3-Freestanding Starbucks 1-Starbucks Retail Center  2-Land Transactions  

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BUYERS AND SELLERS (continued from page eighteen)

Adams-Nelson & Associates, Inc. is selling a 23.7-acre parcel for development opportunities along Route 522/US 340 in Warren County, VA. Area retailers include IHOP, Staples, Petco, Sally Beauty Supply, Hair Cuttery, Dollar Tree, BB&T Bank, T.G.I. Friday’s, Target, Lowe’s Home Improvement and Walmart Supercenter. Area demographics include a population of 67,224 within a 10-mile radius earning $62,220 as the average household income. The average daily traffic count is 58,132 vehicles. In the immediate trade-area, 3,556 new homes are approved for development. The asking price is $8.305 million. For more information, contact Mike Silek or Suzanne Conrad, Adams-Nelson & Associates, Inc., The Fern Adams Building, 303 South Loudoun Street, Winchester, VA 22601; 540-667-2424, Fax 540-667-2441; Emails: michaelsilek@adamsnelson.com and suzanneconrad@adamsnelson.com; Web site: www.adamsnelson.com. Hanley Investment Group recently negotiated the sale of Vineyard Plaza, a 64,421 sq.ft. shopping center anchored by Big 5 Sporting Goods and located at the intersection of Pacific Coast Highway and North Oxnard Boulevard in Oxnard, CA. The site is shadow-anchored by Home Depot and Burlington. The property was acquired for $17.6 million and the company represented the seller in the transaction. The company also recently negotiated the sale of Palmdale Promenade, a 96,352 sq.ft. shopping center shadow anchored by Home Depot and Burlington and located along West Rancho Vista Boulevard in Palmdale, CA. The property was acquired for $9.27 million and the company represented the buyer and seller in the transaction. For more information, contact Hanley Investment Group; Web site: www.hanleyinvestmentgroup.com. Reliable Properties is seeking to acquire single-tenant or two-tenant retail properties and shopping centers throughout major metropolitan cities including Phoenix, AZ; southern and the San Francisco bay area of CA; Atlanta, GA; Orlando and Miami, FL; Chicago, IL; New York, NY; Boston, MA; Dallas and Houston, TX; Seattle, WA and Washington, DC. The company is also acquiring retail and mixed-use sites for future development in the greater Los Angeles, CA market. For more information, contact Reliable Properties, 6399 Wilshire Boulevard, Suite 604, Los Angeles, CA 90048-5709; 323-6533777; Web site: www.reliableproperties.com. Page 54 | May 22, 2015

SRS Real Estate Partners recently negotiated the sale of a 137,181 sq.ft. community shopping center located at the intersection of Farmington Boulevard and Exeter Road in Germantown, TN. The site is anchored by Hobby Lobby and Bed Bath and Beyond. The property was acquired for $14.35 million and the company represented the seller, Finard Germantown, LLC, in the transaction. The company is also selling Satilla Square Shopping Center, a 117,212 sq.ft. shopping center located along Knight Avenue in Waycross, GA. The property is currently 74.25% occupied and anchored by Dollar General Market and Big Lots. The average daily traffic count is 19,660 vehicles. The asking price is $4.385 million with a Cap rate of 8.5%. For more information, contact Kyle Stonis, SRS Real Estate Partners, 3400 Peachtree Road, Suite 1100, Atlanta, GA 30326; 404231-2232; Email: kyle.stonis@srsre.com. The Katsias Co. is selling Bromley Shopping Center, a 64,350 sq.ft. shopping center located along Military Highway in Norfolk, VA. The property is currently 93.24% occupied and Food Lion anchors the center. The property can be purchased with or without a gas station outparcel, which can be purchased separately. On behalf of a client, acquisition opportunities for freestanding investment properties are sought nationwide, with a focus in VA and NC. Suitable properties are priced between $1 and $3 million. The company is also selling Kinnamon Village, a 64,063 sq.ft. shopping center anchored by Food Lion and located along Highway 158 in Clemmons, NC. The property can be purchased with or without three additional outparcels of land. For more information, contact John Katsias, The Katsias Co., 757-490-3585; Email: john@katsias.com; Web site: www.katsias.com. Marcus & Millichap is selling a 190,167 sq.ft. shopping center located along Buford Highway in Atlanta, GA. Burlington anchors the property. Outparcels include Wells Fargo, Chick-fil-A, McDonald’s and Krispy Kreme. Area demographics include a population of 260,515 within a five-mile radius earning $87,391 as the average household income. The average daily traffic count is 218,000 vehicles. The asking price is $19.085 million with a Cap rate of 8.5%. For more information, contact Zach Taylor, Marcus & Millichap, 1100 Abernathy Road, Building 500, Suite 600, Atlanta, GA 30328; 678-808-2780; Email: ztaylor@marcusmillichap.com; Web site: www.marcusmillichap.com.

Stan Johnson Co. is selling a portfolio of 14 freestanding CVS pharmacies totaling 142,944 sq.ft. and located throughout IL and IN. The company, on behalf of a client, is seeking to acquire single-tenant sites. Suitable properties are priced between $10 million and $70 million and feature tenants bound to leases with a minimum of 15 years left on the initial term. The company is also selling a freestanding Bank of America located in Chelmsford, MA. The tenant has 30 years left on the initial term with rent escalations of 15% every five years. Area demographics include a population of 170,000 within a five-mile radius earning $85,000 as the average household income. The asking price is $3.67 million with a Cap rate of 4.5%. For more information regarding the CVS portfolio, contact Tom Fritz or Erick Tjarks, Stan Johnson Co., 303 East Wacker Drive, Suite 1111, Chicago, IL 60601; 312-7772445/2442; Emails: tfritz@stanjohnsonco.com and etjarks@stanjohnsonco.com. For more information regarding the single tenant sites, contact Julianna A. Clementi-Ryan, 312316-9550. For more information regarding the Bank of America property, contact Jason Maier or Jesse Prince, 180 Madison Avenue, Suite 1500, New York, NY 10016; 646-7785560; Emails: jmaier@stanjohnsonco.com and jprince@stanjohnsonco.com. DNA Partners, LLC is seeking to acquire power and strip centers throughout NC, SC, TN and TX. Suitable properties have a GLA of 70,000 sq.ft. to 300,000 sq.ft. and are priced between $10 million and $40 million. For more information, contact Noah Kaufman, DNA Partners, LLC, 8 Bond Street, Suite 201, Great Neck, NY 11021; 516-4661800; Email: noah@dnamgt.com; Web site: www.dnapartners.com. The Feil Organization is acquiring stable and income producing value-added retail properties and shopping centers. Acquisition opportunities are sought nationwide. For more information, contact Jay Anderson, The Feil Organization, 7 Penn Plaza, 7th Avenue at 31st Street, New York, NY 10001; 212-563-6557, Fax 212-5636657; Web site: www.feilorg.com. AmCap, Inc. is acquiring value-added shopping centers priced between $20 million and $200 million nationwide. Single property or multi property portfolios will also be considered. For more information, contact Jake Bisenius, AmCap, Inc., 1281 East Main Street, Stamford, CT 06902; 203-327-2001, Fax 203-327-2003; Email: jbisenius@amcap.com; Web site: www.amcap.com. (continued on page sixty)

Dealmakers Magazine | www.dealmakers.net


Meet us in Las Vegas at the corner of

ICSC RECON 2015 C1523 15th AVENUE

MANAGEMENT | LEASING | ACQUISITIONS | DISPOSITIONS | CONSULTING

Contact Gumberg Asset Management Corp. at 954.537.2700 or email carmena@gumberg.com.

www.gumberg.com


SOURCES OF FINANCING Ackman-Ziff Real Estate Group, LLC recently negotiated $29.6 million in acquisition financing for a 45,413 sq.ft. retail property located in Braintree, MA. For more information, contact AckmanZiff Real Estate Group, LLC, 110 East 42nd Street, 10th Floor, New York, NY 10017; 212-697-3333. Envoy NNN provides up to 95% LTC for high-leverage construction loans and up to 95% gap financing for single-tenant and build-to-suit projects nationwide. For more information, contact Ralph Cram, Envoy NNN, 1363 Shermer Road, Suite 320, Northbrook, IL 60062; 847-239-7250; Web site: www.envoynnn.com. Capstone Financial recently placed a $6 million mortgage to refinance a 276,000 sq.ft. shopping center located in St. Louis, MO. The loan features a five-year term, a loan-to-value ratio of 50%, an amortization period of 20 years and a rate of 4.2%. For more information, contact Capstone Financial, 2299 Technology Drive, Suite 210, O’Fallon, MO 63368; 877-315-4289; Email: info@cfscapstone.com; Web site: www.cfscapstone.com.

Pembroke Pines City Center | Pembroke Pines, FL

Horizon Group Properties, Inc. recently secured $56.675 million to refinance shopping centers located in Burlington, WA; Fremont, IN and Oshkosh, WI. The loan features an interest rate of 4.509% and a 10-year nonrecourse term. The loan was provided by Starwood Mortgage Capital, LLC. For more information, contact Horizon Group Properties, 6250 North River Road, Suite 10400, Rosemont IL 60018; 847292-1870, Fax 847-292-1879; Web site: www.horizongroup.com. HFF recently negotiated $60 million in financing for Concordville Town Centre, a 397,188 sq.ft. shopping center located in Glen Mills, PA. Home Depot and Acme anchor the site. The company specializes in debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, contact Ryan Ade, HFF; 484-532-4200; Email: rade@hfflp.com; Web site: www.hfflp.com. National Retail Properties offers developer funding up to $100 million for single-tenant net-leased retail properties nationwide featuring 100% loan-to-cost with take-out upon completion.

Naples Fifth Avenue | Naples, FL

For more information, contact David Reif or Brian Cooper, National Retail Properties, 407-650-1156/ 1206; Emails: david.reif@nnnreit.com and brian.cooper@nnnreit.com. Clopton Capital offers financing up to $50 million for retail properties nationwide, excluding CA. Non-recourse loans feature 10-year fixed rates, 30-year amortization periods and loan-to-value rates of 75%. For more information, contact Jake Clopton, Clopton Capital, 414 North Orleans Street, Suite 300, Chicago, IL 60654; 312775-0233; Web site: www.cloptoncapital.com. Dockerty Romer & Co. recently negotiated $8 million in permanent financing for a mixed-use property located at the intersection of Clematis Street and Olive Avenue in West Palm Beach, FL. The property includes 32,564 sq.ft. of ground floor retail space and a second floor office component. For more information, contact Robert J. Dockerty or Joseph A. Hepp, Dockerty Romer & Co., 70 Southeast 4th Avenue, Delray Beach, FL 33483; 561-330-8000; Emails: bdockerty@dockertyromer.com and jhepp@dockertyromer.com.; Web site: D www.dockertyromer.com. M

Vicenza Plaza | Hialeah Gardens, FL

Developing Great Places. Helping you grow. XX

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Bird Road & SW 83 Ave | Miami, FL

Granada Shoppes | Naples, FL

See Courtelis Company at ICSC RECon, Booth S328 S Street, for these hot leasing opportunities! www.courtelis.com | Call 305.261.4330 to book your appointment today Page 56 | May 22, 2015

Dealmakers Magazine | www.dealmakers.net


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COMMACK SHOPPING CENTER COMMACK, NY

Excellent Visibility at a High-Traffic Suffolk County Intersection. NED PLAN E D A Ç FA ATION V O N RE

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7 Penn Plaza, NY, NY 10001 :: 212.563.6557 Randall Briskin x218 :: rbriskin@feilorg.com NOTHING BEATS 60 YEARS OF STABILITY.

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Visit Us at S249 Q Street at RECon 2015.


GLEN OAKS SHOPPING CENTER

HOME DEPOT SHOPPING CENTER

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Randall Briskin x218 :: rbriskin@feilorg.com Nicholas Forelli x275 :: nforelli@feilorg.com

Visit Us at S249 Q Street at RECon 2015.


BUYERS AND SELLERS (continued from page fifty-four)

Sterling Organization recently acquired Market Center, an 81,829 sq.ft. neighborhood shopping center located at the intersection of Holcomb Bridge Road and Holcomb Woods Parkway in Roswell, GA. Office Depot anchors the center and Home Depot shadowanchors the site. The company acquired the site for $8.63 million from GE Capital. For more information, contact Lauren Burford, Sterling Organization, 340 Royal Poinciana Way, Suite 316, Palm Beach, FL 33480; 561-623-5936, Fax 561-366-9145; Email: lburford@sterlingorganization.com; Web site: www.sterlingorganization.com. Orion Investment Real Estate recently negotiated the sale of Freeway Village, located along South Stapley Drive in Mesa, AZ. At the time of sale, the shopping center was 52% occupied. The property was acquired for $5.75 million. For more information, contact Ari Spiro or Sean Stutzman, Orion Investment Real Estate, 7135 East Camelback Road, Suite 202, Scottsdale, AZ 85251; 480-634-8596/8194; Emails: ari.spiro@orionprop.com and sean.stutzman@orionprop.com; Web site: www.orionprop.com.

Stream Capital Partners is selling a freestanding Walgreens pharmacy located along Park Boulevard in Seminole, FL. The tenant is bound to a NN lease featuring 10 years remaining on the initial term and featuring eight, five-year options. The asking price is $3.596 million with a Cap rate of 5.45%. For more information, contact Jordan A. Shtulman or Jonathan M. Wolfe, Stream Capital Partners; 847-226-4133/312-3102798; Emails: jordan@stream-cp.com and jonathan@stream-cp.com; Web site: www.stream-cp.com. SVN | The Kase Group is selling a Kohl’s department store located in Jensen Beach, FL. Area retailers include Target, Bed Bath & Beyond, Marshalls, Best Buy, The Sports Authority, Office Max and CVS. The property is an outparcel to Treasure Coast Mall. The asking price is $21.65 million with a Cap rate of 5.91%. For more information, contact Jeff Bracco or Jacob Abusharkh, SVN | The Kase Group, 3288 Steiner Street, Suite 201, San Francisco, CA 94123; 510-388-4438/415269-2474; Emails: jeff.bracco@svn.com and jacob@svn.com.

KANASAS RETAIL SPECIALISTS LANDMARK COMMERCIAL REAL ESTATE

CENTRAL PARK PLACE • Located at 29th & Maize, Wichita, KS • Can build up to 32,000 sq. ft. with 2.4 acres of frontage • Neighbors within a mile: Sam’s, Lowes, Academy Sports, Best Buy, Super Target, Wal-Mart, Longhorn Steakhouse, and Dickey’s BBQ Pit

DEVELOPMENT LAND • Located just next to Sam’s Club at 29th & Maize Rd., Wichita, KS • Two pad sites available in addition to 70,000 sq. ft. big box opportunity • Neighbors within a mile: Sam’s Club, Menards, Lowes, Best Buy, Target, Academy Sports, Wal-Mart, and more.

WATERFRONT PLAZA • Located at the northwest corner of 13th & Webb, Wichita, KS • 1,400 - 5,300 Sq. Ft. Available • Anchored by Whole Foods, Ethan Allen, Abuelo’s, P.F. Changs, Red Robin, and Firebirds • The Waterfront is Wichita’s premier retail destination.

STRIP CENTER FOR LEASE • Located at 2500 S. Broadway, Wichita, KS • 9,600 Sq. Ft. Wal-Mart Shadow Achored multi-tenant strip center • 1,200 - 3,200 Sq. Ft. Available • Located on outlot to the highest volume Wal-Mart in Wichita MSA • End Cap with Drive-thru Available

Landmark Commercial Real Estate • 316-262-2442 www.landmarkrealestate.net Page 60 | May 22, 2015

Gill Properties is selling Kirby Gate Shopping Center, a 73,754 sq.ft. mixed-use center situated on 8.19 acres in Memphis, TN. The property is currently 98% occupied and tenants include Walgreens, ATC Fitness, First Tennessee Bank and Pizza Hut. Area demographics include a population of 209,868 within a five-mile radius earning $76,560 as the average household income. The asking price is $13.3 million with a Cap rate of 7%. For more information, contact Jennifer Stewart or Patty Bullock, Gill Properties, 8134 Macon Station, Suite 114, Memphis, TN 38016; 901-7581100; Emails: jennifer@gillprop.com and patty@gillprop.com. Newmark Cornish & Carey is selling a freestanding Shopko store in Sandy, UT. The tenant is bound to a 20-year NNN lease with 12 years remaining on the initial term and featuring rental escalations every three years. The asking price is $14.556 million with a Cap rate of 6.5%. The company is also selling a Shopko located in Orem, UT. The tenant is bound to a 20-year NNN lease with 12 years remaining on the initial term and featuring rental escalations every three years. The asking price is $12.7 million with a Cap rate of 6.5%. For more information, contact Vincent Aicale or Ryan Forsyth, Newmark Cornish & Carey; 415-373-4057/916-504-4908; Emails: vaicale@newmarkccarey.com and rforsyth@newmarkccarey.com. Southern Management and Development recently negotiated the sale of Lyons Plaza, an 80,027 sq.ft. shopping center located at the intersection of Coconut Creek Boulevard and Lyons Road in Coconut Creek, FL. The property was acquired for $5.8 million and the company represented the seller, Lyons Plaza Partners, Ltd., in the transaction. For more information, contact Steven Levin, Southern Management and Development, 4800 North Federal Highway, Suite D-307, Boca Raton, FL 33431; 561948-7100, Fax 561-948-7120; Web site: www.smdproperty.com. Wheeler Real Estate Investment Trust, Inc. recently acquired Alex City Marketplace, a 147,791 sq.ft. Winn-Dixie anchored shopping center in Alexander City, AL. At the time of the acquisition, the property was 98.3% occupied. For more information, contact Robin Hanisch, Wheeler Real Estate Investment Trust, Inc.; 757-627-9088; Email: robin@whlr.us. (continued on page sixty-four)

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NEGOTIATING THE RETAIL LEASE: UNLOCKING THE BLACK BOX (continued from page ten)

acceptable amount of precision insurance. And no lawyer worth their salt would ever finalize a document they knew to be sloppy, wrong or ambiguous. During lease negotiations, I actively manage two aspects of the precision goal. The first is expressing each concept in the lease with clarity so someone else can understand it, both today and ten years from now. The second is coherence: making sure all the provisions work together. For example, if the landlord’s work can’t be performed until the tenant’s plans are complete, other provisions of the lease that need to come together to trigger the all-important obligation to commence rent payments have to be coordinated accordingly. Otherwise, if there is a dispute down the line and you need to rely on precision insurance, it won’t be available. Not a good position for either the landlord or tenant to be in. Respecting The Urgency Mandate At a certain point in every transaction, urgency trumps precision and when this inflection point has been reached, insisting on crossing those last two “t’s” could put the deal in jeopardy. This is also the point in the negotiation when the need to accommodate the other side trumps the desire to get it all, which brings us to the second axis of conflict. The Zone of Reasonableness In order to successfully traverse the second of the intersecting axes of conflict: the desire to get it all vs the need to accommodate the other side, we start by scoping out the boundaries within which meaningful negotiations can take place, a zone of reasonableness, so to speak. The size of the zone of reasonableness, which can range from a pinhole (one or both parties can insist on getting it all) to an ocean (both parties need to accommodate), will be based on the relative bargaining power of the parties and influenced by a variety of other factors including timing, personalities and relationships. Negotiating outside the zone is largely a waste of time and money. For example, it would not make sense for a 2,000 square foot tenant to try to modify the condemnation clause in a shopping center lease, they would be negotiating outside the zone. But modifying the condemnation clause would make sense for a 100,000 square foot tenant in the same center, their zone is going to be a lot larger. Strategies for Not Straying Different attorneys have different strategies for defining and working within the zone of reasonableness. There are some, and we’ve all Page 62 | May 22, 2015

dealt with them at one time or another, who use intimidation — screaming and threatening their way through the black box — to define the zone for their client’s benefit. Others, like me, prefer to develop a good working relationship with the attorney on the other side. I use our shared goal of getting the deal done to get the deal done, which means making sure we both stay in the zone. Both strategies can be effective, it just depends on how you like to spend your time. Once the boundaries of the zone are established, no matter how lopsided the parties’ relative bargaining power is or which party I represent, the 900 pound gorilla or the 90 pound weakling, I can operate from a position of strength to guide the negotiation to a point on this axis that represents a meeting of the minds. Here’s a recent example: A landlord agreed to lease a pad site to a national fast-food tenant. After the letter of intent was signed, the battle of the forms began. The landlord sent out its form, the tenant countered with its form, but neither party was operating in the zone of reasonableness. The landlord blinked first (thank goodness) and retained me to get the deal done. Taking great pains to operate within the zone of reasonableness, I transformed the tenant’s form into a document that reflected both the terms and spirit of the letter of intent and thus transformed the negotiation into a meaningful exchange. The moral of this story: no one benefits by negotiating outside the zone of reasonableness, the only way to progress to the finish line is to stay inside the zone. Getting to the Finish Line When negotiations reach the critical inflection point that I mentioned earlier and the urgency mandate trumps the precision goal on the first axis, accommodating the other side rather than getting it all is the name of the game on the second axis, even for the 900 pound gorilla. Rather than shying away from this crucial point in the process, I welcome it (it means we are close to finalizing the deal) and use it to my advantage. Armed with the knowledge that both sides are going to be more open to compromising than they were earlier in the process, this is the time to propose creative ways to bring the parties together and then drive those compromises into deal points in the lease that both sides can agree to. Managing the process this way, it’s very rare that I don’t get the landlord and tenant to the proverbial altar on time, which inevitably strengthens my relationship with my client, expands my circle of colleagues to include the other attorney and in more than once instance, wins over a new client: the party on the other side of the transaction, who wants more of what I have to offer. Ellen Sinreich is the Founder and Managing Principal of The Sinreich Group, a real estate law firm based in New York City, the ICSC State Director for New York/Northern New Jersey and Chair of the Urban Land Institute New York Women’s Leadership Initiative Membership Committee. www.sinreichlaw.com; 212-802-1422 Dealmakers Magazine | www.dealmakers.net


BUYERS AND SELLERS (continued from page sixty)

Retail Solutions is selling Eastgate Plaza, a 104,083 sq.ft. shopping center located at the intersection of State Highway 35/7th Street and FM 457 in Wharton, TX. The property is currently 81.68% occupied and tenants include Palais Royal, Payless ShoeSource, Sherwin-Williams and Family Dollar. The asking price is $2.591 million with a Cap rate of 7.11%. For more information, contact Ryan Hoff, Retail Solutions, 3724 Executive Center Drive, Suite 220, Austin, TX 78731; 512474-5557; Email: ryan@retailsolutions.us; Web site: www.retailsolutions.us.

Transwestern recently negotiated the sale of The Village of Blaine Shopping Center, a 221,239 sq.ft. shopping center located along Pheasant Ridge Road in Blaine, MN. At the time of the sale, Cubs Foods anchored the shopping center and tenants included Michaels, Applebee’s, Pier 1 Imports, dressbarn, Sprint, Maurices, Caribou Coffee, Bath & Body Works, GNC and Great Clips. The company represented the seller in the transaction. For more information, contact Transwestern, 200 West Madison Street, Suite 3300, Chicago, IL 60606; 312-8817046; Web site: www.transwestern.net.

See us at 2015 RECon in Las Vegas – South Hall – S. 4414 44th Avenue

H ADER! ? T I W GO RKET LEYTHING LESS A N A M R O F A ETTLE WHY S

AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 5,475 stores throughout 49 states, the District of Columbia and Puerto Rico in the U.S., as well as in Mexico and Brazil.

3 GROWING STRONG… Over 5,475 stores, and we open more every week 3 STORES THAT ARE 100% COMPANY OWNED AND OPERATED… No franchises 3 FINANCIALLY DISCIPLINED… We make the right decisions to protect our shareholders 3 RELIABLE… Whether purchase money or rent, our funds will be there…on time, every time For site criteria and contact information go to www.autozonerealestate.com or simply use your smartphone to scan the QR code 1

DTZ Associates is selling a freestanding Ross Dress for Less in San Jose, CA. Area demographics include a population of 529,000 within a five-mile radius earning $93,000 as the average household income. The asking price is $4.25 million with a Cap rate of 7.59%. The company is also selling Broadway Center, an 11,486 sq.ft. shopping center situated on 0.71 acres along North Broadway in Escondido, CA. Walgreens shadow-anchors the property. Area retailers include Old Navy, Regal Cinemas, PetSmart and Smart & Final. Area demographics include a population of 150,000 within a three-mile radius. The average daily traffic count is 60,000 vehicles. The asking price is $5.589 million with a Cap rate of 6%. For more information regarding Ross Dress for Less, contact Andrew Bogardus or Christopher Sheldon, DTZ Associates; 415-677-0421/0441; Emails: andy.bogardus@dtz.com and chris.sheldon@dtz.com. For more information regarding Broadway Center, contact Kevin Held or Chuck Klein; 4350 La Jolla Village Drive, Suite 500, San Diego, CA 92122; 858-546-5428/5473; Emails: kevin.held@dtz.com and chuck.klein@dtz.com. Ross Realty Investments is seeking to acquire strip centers throughout southern FL. Suitable properties range in price from $4 million to $12 million. For more information, contact Bob Sherman, Hal Cohen or Tom Ross, Ross Realty Investments, 3325 South University Drive, Suite 210, Davie, FL 33328; 954-4525000 Ext. 214/206/213. (continued on page seventy-two)

©2015 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.

AZRealEstateMagazineAd FY15_4.8.15.indd Page 64 | May 22, 2015

Colliers International is selling Lake Village Shopping Center located along Lake City Highway in Warsaw, IN. The property is currently 84.2% occupied and anchored by an 88,908 sq.ft. Big Kmart. The asking price is $7 million with a Cap rate of 8.3%. The company is also selling a 97,637 sq.ft. retail property located at the intersection of Sadler Road and South 14th Street in Amelia Island, FL. The property is shadow-anchored by Publix and Staples. The NOI is $325,110. For more information regarding Lake Village Shopping Center, contact Michael B. Drew or Ron Escue, Colliers International, 9339 Priority Way West Drive, Suite 120, Indianapolis, IN 46240; 317-663-6079/ 6099; Emails: michael.drew@colliers.com and ron.escue@colliers.com; Web site: www.colliers.com. For more information regarding the Amelia Island property, contact Robert W. Selton, III or Matt Entriken, 50 North Laura Street, Suite 1725, Jacksonville, FL 32202; 904-861-1111/1148.

4/8/15 11:10 AM

Dealmakers Magazine | www.dealmakers.net


LEAD SHEET AutoZone, Inc. dba AutoZone PO Box 2198 Memphis, TN 38101 Web site: www.autozonerealestate.com

Automotive The 5,500-unit chain operates locations nationwide and in Mexico, Puerto Rico and Brazil. The automotive parts and accessories shops occupy spaces of 5,400 sq.ft. to 7,200 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are sought during the coming 18 months. For more information regarding expansion throughout select markets nationwide, and to submit a site, go to http://www.autozoneinc.com/about_us/real_estate/index.html.

Children of America Educational Childcare & Academy dba Children of America Sharmini Everett 5300 West Atlantic Avenue, Suite 700 Delray Beach, FL 33484 800-821-0561 Ext. 101, Fax 561-900-0191 Email: severett@childrenofamerica.com Web site: www.childrenofamerica.com

Child Care The chain operates more than 60 locations throughout DE, IL, IN, MA, MD, NC, NJ, NY, OH, PA, VA and WI. The childcare learning centers occupy spaces of 8,500 sq.ft. to 12,600 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets, in addition to CT and IL, during the coming 18 months. Typical leases run 15 to 20 years. Preferred cotenants include banks, grocery stores and medical offices. Turnkeys and build-to-suits are preferred. Preferred demographics include a population of 30,000 within three miles earning $70,000 as the average household income. Major competitors include Kindercare and The Goddard School. A land area of one to 1.5 acres is required for freestanding locations.

T.L.E. Holding Corp. dba The Learning Experience Nick Vanella or Chad Weissman 4855 Technology Way, Suite 700 Boca Raton, FL 33431 561-886-6400 Ext. 273/244, Fax 561-886-6433 Emails: nvanella@tlecorp.com and cweissman@tlecorp.com Web site: www.thelearningexperience.com

Childcare The 150-unit chain operates locations throughout CA, CO, CT, DE, FL, IL, MA, MD, MI, NC, NH, NJ, NY, OH, PA, TX, VA and WA. The childcare learning centers occupy spaces of 10,000 sq.ft. in freestanding locations. Growth opportunities are sought during the coming 18 months. The company also requires additional space for an outdoor playground. Typical leases run 15 years with a minimum of two, five-year options. Turnkeys and build-to-suits are preferred. Preferred demographics include a population of 75,000 within five miles earning $75,000 as the average household income. The company is franchising. For more information regarding expansion throughout AZ, southern CA, CO, MD, OR, SC, TX, VA and WA, contact Chad Weissman. For more information regarding expansion throughout CO, CT, MD, NJ, OH, TX and VA, contact Essie Kronstat; Ext. 294 - Email: ekronstat@tlecorp.com. For more information regarding expansion throughout northern CA, FL, IL, MA, MI, NC, NH, NJ, NY, PA and TN, contact Nick Vanella.

Stein Mart, Inc. dba Stein Mart Real Estate Department 1200 Riverplace Boulevard Jacksonville, FL 32207 904-346-1500 Email: realestatesubmission@steinmart.com Web site: www.steinmart.com

Department Store The 270-unit chain operates locations nationwide. The stores, offering men’s and women’s apparel, accessories, footwear and home décor, occupy spaces of 30,000 sq.ft. to 34,000 sq.ft. in lifestyle, power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. 

Primrose Schools William Pierquet 3660 Cedarcrest Road Acworth, GA 30101 770-529-4100 Email: bpierquet@primroseschools.com Web site: www.primroseschools.com

Educational The 300-unit chain operates locations nationwide in 24 states. The child care learning centers prefer to occupy spaces of 10,000 sq.ft. to 13,000 sq.ft. in urban areas and of 12,000 sq.ft. for suburban areas in freestanding locations. Growth opportunities are sought nationwide during the coming 18 months, with a focus on San Diego, CA; Chicago, IL; Boston, MA; Baltimore, MD; St. Louis, MO; Portland and Seattle, WA and Washington, DC. Suburban areas require a land area of 60,000 sq.ft., while urban areas require 5,000 sq.ft. of flat outdoor area or fenced playground. The company will also consider building conversions.

Goodrich Quality Theaters, Inc. dba Goodrich Quality Theaters Robert Goodrich 4417 Broadmoor Avenue Southeast Grand Rapids, MI 49512 616-698-7733, Fax 616-698-7220 Email: bgoodrich@gqti.com Web site: www.gqti.com

Entertainment The 30-unit chain operates locations throughout IL, IN, MI and MO. The move theaters occupy spaces of 30,000 sq.ft. to 70,000 sq.ft. in freestanding locations, entertainment, lifestyle and power centers. Growth opportunities are sought throughout the surrounding suburbs of the major metropolitan areas in the existing markets during the coming 18 months.

Dealmakers Magazine | www.dealmakers.net

May 22, 2015 | Page 67


LEAD SHEET Crunch Fitness Chris Wierzbicki c/o Pliskin Realty & Development, Inc. 591 Stewart Avenue, Suite 100 Garden City, NY 11530 516-997-0100 Ext. 312 Web site: www.pliskinrealty.com

Fitness The chain operates more than 80 locations throughout CA, CT, FL, KY, MA, NJ, NY, PA, TX, VA, WA and Washington, DC and Puerto Rico. The fitness centers occupy spaces of 16,000 sq.ft. in freestanding locations, regional malls, mixed-use, outlet, specialty, power, strip and value centers, as well as urban/downtown areas. Growth opportunities are sought throughout Nassau, Rockland and Suffolk counties in NY during the coming 18 months, with representation by Pliskin Realty & Development, Inc.

Great Clips Britt Morrison c/o The Weitzman Group 4200 North Lamar Boulevard, Suite 200 Austin, TX 78756 512-482-0094, Fax 512-482-9021 Email: bmorrison@weitzmangroup.com Web site: www.weitzmangroup.com

Hair Salon The chain operates more than 3,700 locations nationwide and in Canada. The hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in mixed-use, power and strip centers, as well as urban/downtown areas. Plans call for six to 10 openings throughout central and northern TX during the coming 18 months, with representation by The Weitzman Group. Typical leases run five to 10 years. Preferred cotenants include grocery stores.

The Ratner Cos. dba Hair Cuttery Dennis Weiss 1557 Spring Hill Road, Suite 500 Vienna, VA 22182 703-269-5400 Email: dweiss@ratnerco.com Web site: www.ratnerco.com

Hair Salon The chain operates more than 900 locations throughout CT, DE, FL, IL, IN, MA, MD, NH, NJ, PA, VA, WI, WV and Washington, DC. The hair salons occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in lifestyle, neighborhood, power and strip centers. Growth opportunities are sought throughout the existing markets, excluding IN, WI and WV, during the coming 18 months. Typical leases run five years. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores, Target and Walmart. Preferred demographics include a population of 30,000 within three miles earning $40,000 as the average household.

Sport Clips, Inc. dba Sport Clips Greg Smith 110 Briarwood Drive Georgetown, TX 78628 817-929-0204 Email: greg.smith@sportclips.com Web site: www.sportclips.com

Hair Salon The chain operates more than 1,400 locations nationwide and in Canada. The hair salons, offering haircuts for men and boys, occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in power, strip, specialty, mixed-use and value centers, as well as urban/downtown areas, Plans call for 150 to 180 openings nationwide during the coming 18 months. Preferred cotenants include national retailers including dominant grocery stores, junior anchors, fast casual restaurants, super stores and small shop users. Preferred demographics include a population of 30,000 within three to five miles earning middle to upper income levels.

American Family Care Franchising dba AFC/Doctor’s Express Russell Smith 3700 Cahaba Beach Road Birmingham, AL 35242 205-552-0552 Email: rsmith@doctorsexpress.com

Healthcare The chain operates 145 locations nationwide. The healthcare facilities occupy 2,500 sq.ft. to 3,500 sq.ft. inline spaces of shopping centers in major retail areas. Plans call for 100 openings nationwide and internationally during the coming 18 months.

Sears Hometown and Outlet Stores, LLC dba Sears Hometown Stores Jackie Adams 6259 Braidwood Way Acworth, GA 30101 678-524-5062 Email: jacalynn.adams@shos.com Web site: www.ownasearsstore.com

Home Improvements The chain operates more than 980 locations nationwide and internationally. The stores, offering home appliances, lawn and garden products, tools and exercise equipment, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding locations, power, specialty, strip and value centers. Plans call for 25 openings nationwide during the coming 18 months. The company will also consider locating in second-generation spaces.

Page 68 | May 22, 2015

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LEAD SHEET Sherwood Management Co. dba Daniel’s Jewelers David Sherwood PO Box 3750 Culver City, CA 90231 310-846-5640 Email: david_sherwood@danielsjewelers.com Web site: www.danielsjewelers.com

Jewelry The 71-unit chain operates locations throughout CA. The jewelry stores occupy spaces of 1,100 sq.ft. to 1,500 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five to 10 years. Preferred cotenants include Macy’s, Sears, Payless Shoe Source, H&M, Sally Beauty Supply and JC Penney.

New Look Eyewear, Inc. dba New Look Eyewear, Vogue Optical and Greiche & Scaff Jean-Luc Deschamps 4405 Chemin du Bois-Franc Montreal, Quebec, Canada H4S 1A8 514-904-5665 Ext. 4236, Fax 514-904-5675 Email: jldeschamps@newlook.ca Web site: www.newlook.ca

Optical The 190-unit chain operates locations in Canada. New Look Eyewear occupies spaces of 1,200 sq.ft. to 1,500 sq.ft. in smaller markets for its express centers and spaces of 2,500 sq.ft. to 3,300 sq.ft. in freestanding locations and pad sites of power and regional enclosed shopping centers, as well as urban/downtown areas. Vogue Optical occupies spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding locations and pad sites of power and regional enclosed shopping centers, as well as urban/downtown areas. Growth opportunities are sought in the existing market during the coming 18 months.

SEE Eyewear Julie Gardner c/o Katz & Associates 4500 Cameron Valley Parkway, Suite 240 Charlotte, NC 28211 704-602-9350, Fax 704-362-5045 Email: juliegardner@dkatz.com Web site: www.katzassociates.com

Optical The chain operates 37 locations throughout CA, CO, FL, IL, IN, MA, MI, MN, MO, NY, OH, PA, SC, TN, WA and WI. The facilities, offering eye exams and related services and products, occupy spaces of 1,200 sq.ft. in downtown areas and street fronts. Plans call for two to five openings throughout NC and SC during the coming 18 months, with representation by Katz & Associates. The company prefers to locate in metropolitan areas.

Daneli Shoe Co. dba Footwear Etc. and Footwear Outlet Mr. Elie Monarch 273 North Matilda Avenue Sunnyvale, CA 94086 408-744-9992, Fax 408-744-9994 Email: elie@footwearetc.com Web site: www.footwearetc.com

Shoes The 11-unit chain operates locations throughout northern and southern CA. The shoe stores occupy spaces of 2,000 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to locate in affluent areas.

Running Room, Inc. dba Running Room John Stanton 9750 47th Avenue Edmonton, Alberta, Canada T6E 5P3 780-439-3099 Ext. 229, Fax 780-433-6433 Email: jstanton@runningroom.com Web site: www.runningroom.com

Shoes The chain operates more than 125 locations throughout HI, IA, MN and Canada. The stores, offering running footwear and apparel, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding locations, lifestyle, power, specialty and strip centers, as well as downtown areas. Growth opportunities are sought throughout the northern and Midwestern regions of the U.S., as well as in Canada, during the coming 18 months.

Interstate Batteries Andrew Pearl c/o Investment Management Associates, Inc. 1575 San Ignacio Avenue, Suite 400 Coral Gables, FL 33146 305-661-0110, Fax 305-661-7803 Email: apearl@ima-re.com Web site: www.ima-re.com

Specialty The chain operates locations nationwide and internationally. The company provides batteries for home electronics, health and medical, lighting and security, cars, trucks and agricultural and industrial vehicles and is seeking to occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in freestanding locations, power and strip centers. Plans call for three openings throughout MiamiDade, FL during the coming 18 months, with representation by Investment Management Associates, Inc. Typical leases run three to five years. A vanilla shell is required.

Dealmakers Magazine | www.dealmakers.net

May 22, 2015 | Page 69


LEAD SHEET Penzeys Spices Shane Wierks c/o Jeffery Realty, Inc. 116 Route 22 East North Plainfield, NJ 07060 908-668-9600 Ext. 223, Fax 908-668-5225 Email: swierks@jefferyrealty.com Web site: www.jefferyrealty.com

Specialty The chain operates more than 70 locations nationwide. The stores, offering a variety of seasoning, spices and herbs, occupy spaces of 7,500 sq.ft. to 8,500 sq.ft. in pad sites of shopping centers and freestanding locations. Growth opportunities are sought throughout NJ during the coming 18 months, with representation by Jeffery Realty, Inc.

WineStyles Tasting Station dba WineStyles Brian McGinness 5515 Mills Civic Parkway, Suite 120 West Des Moines, IA 50266 515-224-9463

Specialty The chain operates 22 locations throughout AL, FL, GA, IA, IL, NC, NE, TX and VA. The stores, offering wine, craft beer, cheeses, fine chocolates, gourmet food items and gift baskets, occupy 1,500 sq.ft. to 2,200 sq.ft. inline spaces of lifestyle, power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.

GolfTEC Wayne Kasbar c/o Silbert Realty & Management Co., Inc. 85A Division Avenue / PO Box 406 Millington, NJ 07946 908-604-6900, Fax 908-604-2030 Email: wkasbar@silbertrealestate.com Website: www.silbertrealestate.com

Sporting Goods The chain operates more than 200 locations nationwide and in Canada and internationally. The facilities, offering golf lessons and related services, occupy 1,500 sq.ft. to 1,800 sq.ft. in endcaps and inline spaces of shopping centers. Growth opportunities are sought in East Brunswick, NJ during the coming 18 months, with representation by Silbert Realty & Management Co., Inc. The company prefers locations with high visibility.

Learning Express, Inc. dba Learning Express Toys Mike Derse 29 Buena Vista Street Devens, MA 01434 978-889-1000, Fax 978-889-1010 Email: mike@learningexpress.com Web site: www.learningexpress.com

Toys The 130-unit chain operates locations nationwide. The stores, offering educational toys, as well as featuring free gift wrapping and personalization, civic fundraising and customer VIP programs, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, malls, lifestyle, outlet, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five or 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include upscale grocery stores. Preferred demographics include a population of 100,000 within five miles earning $80,000 as the average household income. The company is franchising.

Invite Health Jeff Winick c/o Winick Realty Group 655 Third Avenue, 8th Floor New York, NY 10017 212-792-2601 Email: jeff@winick.com Web site: www.winick.com

Vitamins The chain operates 12 locations throughout FL, NJ and NY. The stores, offering supplements and related products, occupy spaces of 600 sq.ft. to 1,200 sq.ft. in strip centers. Growth opportunities are sought throughout the tri-state region of NJ, NY and PA during the coming 18 months, with representation by Winick Realty Group.

The preceding leads have been verified by calls made to or written submittals from the respective retailers during the weeks prior to publication. Since the majority of chains featured in Lead Sheet are small in size, some changes in their expansion plans should be expected. To be included in an upcoming issue, just fax a note or call us with the details. Our fax number is (609-587-3511) and you can reach us by phone at (609-587-6200) or email at ann@dealmakers.net. Page 70 | May 22, 2015

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SEEKING SHOPPING CENTERS ACROSS THE U.S. RENOVATING REAL ESTATE. REVITALIZING COMMUNITIES.

5 1 0 2 in s n o i t i s i u q c a f o f s 0 0 0 Targeting 750,

BUYING RETAIL PROPERTIES COAST TO COAST VALUE ADD CENTERS GREATER THAN 100,000 SF

Meet Gord Wiebe at RECon • May 18-19

403-923-4343 • gwiebe@uspginc.com


BUYERS AND SELLERS (continued from page sixty-four)

CBRE | Cleveland is selling Applewood Plaza, a 55,316 sq.ft. neighborhood shopping center situated on 4.95 acres along Lexington-Springhill Road in Mansfield, OH. The center is currently 58% occupied and tenants include Dollar Tree, Cato, Famous Hair and Advance America. Walmart Supercenter shadow-anchors the property. Area retailers include Home Depot and Richland Mall. The asking price is $3.275 million with a Cap rate of 8.75%. For more information, contact Joseph W. Khouri, CBRE | Cleveland, 950 Main Avenue, Suite 200, Cleveland, OH 44113; 216-658-6120, Fax 216-363-6466; Email: joseph.khouri@cbre.com; Web site: www.cbre.com. The Boulder Group is representing a client looking to acquire freestanding Olive Garden and Longhorn Steakhouse restaurants nationwide. Preferred sites include short term ground leases. For more information, contact John Feeney, The Boulder Group, 666 Dundee Road, Northbrook, IL 60062; 847-562-9280; Email: john@bouldergroup.com; Web site: www.bouldergroup.com.

Coldwell Banker Commercial recently negotiated the sale of Carter’s Crossing Shopping Center located in Stafford County, VA. At the time of the sale tenants included PetSmart and Anytime Fitness. The shopping center was acquired for $5.92 million. The company also negotiated the sale of an 18,780 sq.ft. multi-tenant retail building, a Panera Bread ground lease and a Wawa ground lease at the site. The aggregate sales price was $17.9 million. For more information, contact Joe Pfahler, Coldwell Banker Commercial, 1201 Central Park Boulevard, Fredericksburg, VA 22401; 540-840-4682; Email: jpfahler@cbecommercial.com. Yale Realty Services Corp. recently acquired North Road Plaza, a 50,700 sq.ft. shopping center located in Orangeburg, SC. At the time of the sale, the property was 100% occupied and anchored by T.J. Maxx and shadow-anchored by Walmart. For more information, contact Luke Gorz, Yale Realty Services Corp., 10 New King Street, Suite 102, White Plains, NY 10604; 914-289-0100; Email: lgorz@yalerealtyservices.com; Web site: www.yalerealtyservices.com.

The Greysteel Co., LLC has been appointed as the exclusive sales agent for Durham Plaza, a 234,500 sq.ft. neighborhood shopping center located along Avondale Drive in Durham, NC. The property is currently 90% occupied and anchored by Compare Foods grocery store. Tenants include Harbor Freight Tools and E.C. Barton’s Surplus Warehouse. Area draws include Duke University. Area demographics include a population of 70,000 within a three-mile radius. The average daily traffic count is 75,000 vehicles. For more information, contact Gil Neuman, The Greysteel Co., LLC, 7735 Old Georgetown Road, Suite 301, Bethesda, MD 20814; 202-499-4077; Web site: www.greysteel.com. High Street Retail USA, Inc. recently negotiated the sale of a former Nielsen’s furniture store located along Federal Highway in Deerfield Beach, FL. The company represented the buyer in the transaction and will work with the new ownership to redevelop the site. For more information, contact High Street Retail USA, Inc., 1001 Brickell Bay Drive, D Suite 3112, Miami, FL 33131. M

FOR SALE!

Surplus Lumber Facilities and Vacant Land Opportunities

Build or Expand Your Business. A variety of sizes and locations to fit your needs! Call (724) 228-3636 for details and/or to arrange a site tour. 10.8 Acres - Huntsville, AL Vacant Land

30 Acres - N Las Vegas, NV Vacant Land

20 Acres - Goodyear, AZ Vacant Land

18.5 Acres - Reno, NV Vacant Land

20 Acres - Surprise, AZ Vacant Land

3.51 Acres - Owego, NY

9.48 Acres - Desert Hot Springs, CA Vacant Land

18 Acres - Baltimore, MD Vacant Land

12.74 Acres - Lancaster, CA Vacant Land

10 Acres - White Plains, MD Vacant Land

43 Acres - Aurora, CO Vacant Land

6.33 Acres - Waveland, MS

10.50 Acres - Fort Pierce, FL Vacant Land

11.48 Acres - Southaven, MS

17.18 Acres - Panama City, FL Vacant Land

14.7 Acres - Springfield, MO

9.48 Acres - Ruskin, FL Vacant Land

10.2 Acres - Moncks Corner, SC

10 Acres - Titusville, FL Vacant Land

5.89 Acres - Plainview, TX

18 Acres - Cartersville, GA Vacant Land

11.07 Acres - San Benito, TX

21.53 Acres - Bondurant, IA Vacant Land

3.00 Acres - Abingdon, VA

3.98 Acres - Mishawaka, IN

23.97 Acres - Fredericksburg, VA Vacant Land

24.78 Acres - Genoa, IL

10 Acres - Winchester, VA

15.10 Acres - Durham, NC Vacant Land

27 Acres - Tumwater, WA Vacant Land

10.4 Acres - Moyock, NC Vacant Land

17.58 Acres - McFarland, WI

For further information, view all of these sites at www.pierce-hardy.com Page 72 | May 22, 2015

Dealmakers Magazine | www.dealmakers.net


REAL ESTATE PROFESSIONALS MAKING THE NEWS Marcus & Millichap (215-531-7000) recently hired Chad Levitt as a director at the firm’s Philadelphia, PA office. In his new role, Levitt will be responsible for securing commercial debt and equity financing for property types including multifamily, office and industrial, retail, senior housing and hospitality. Prior to joining the company, he served as a director with The Llenrock Group. The brokerage company specializes in investment sales, financing, research and advisory services nationwide.

Stiles Corp. (954-627-9300) recently promoted Ken Stiles to CEO, while his father Terry Stiles will stay active as Chairman. Doug Eagon will be promoted from president to vice chairman by mid-2016. Succeeding Eagon will be Scott MacLaren, president of the NC division of the company. The firm handles more than 43 million sq.ft. of retail, office and mixed-use projects across the southeastern region of the U.S. First Western Properties, Inc. (773-545-2000) recently hired Stan Rivas and Laryssa Moros. Rivas will focus on investment sales and retail leasing, while Moros will concentrate on retail leasing and landlord/tenant representation. Prior to joining the company, Rivas served at Marcus & Millichap and Moros worked as a principal at Sierra US. DM

23.7 Acres Development Assemblage

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Friedman Integrated Real Estate Solutions (248-324-2000) recently hired Mike Kennedy as an asset manager. In his new position, Kennedy will oversee the strategic direction of all owned real estate, assist with the due diligence for acquisitions and property takeovers and work with property management, facility management, the construction department and the leasing team to promote operational strategies for the firm. Prior to joining the company, he served at The Velmeir Cos. as vice president. Friedman Integrated Real Estate Solutions manages more than 16 million sq.ft. of commercial space, in addition to offering brokerage services.

SRS Real Estate Partners (214-560-3215) recently hired Woody McMinn as president of North American brokerage, a new position at the firm’s Dallas, TX office. In his new role, McMinn will help provide strategy and support for the company’s growth and services to local market offices. The brokerage company specializes in retail real estate with offices worldwide.

Cedar Park Court, Warren County, VA

Only $8,305,526 • Visible from I-66. Great commuter location for Washington DC and surrounding area • Population within 5 Miles of 23,806 averaging an income of $56,464 • Combined Traffic Count of I-66 & Rt. 522/340 is 58,132 per day • 3,556 New Homes Approved in the Immediate Trade Area • Being sold subject to rezoning and site plan approval

Mike Silek • Senior Commercial Specialist Suzanne Conrad • Associate Broker / Senior Commercial Specialist Adams-Nelson & Associates, Inc. The Fern Adams Building 303 S. Loudoun Street, Winchester, VA 22601 Phone: 540.667.2424 • Fax: 540.667.2441 www.adamsnelson.com Page 74 | May 22, 2015

LEASE SIGNINGS (continued from page forty-four)

Bennett Williams Realty, Inc. (717-8435555) recently negotiated the following leases throughout PA: with Sprint for 5,000 sq.ft. along Quentin Road in Lebanon County, with Abe Khan of Bennett Williams Realty, Inc. representing the tenant in the transaction; with Team Trimmer Sports for 3,400 sq.ft. along Druck Valley Road in York County, with Karen Neiderer of Bennett Williams Realty, Inc. representing the tenant in the transaction; with The Performance Group, Inc. for 1,000 sq.ft. at Cleona Square, located along West Penn Avenue in Lebanon County, with Abe Khan and Ben Rohrbaugh of Bennett Williams Realty, Inc. representing landlord in the transaction; with Gymboree for 2,400 sq.ft. at Gateway Square, located along Gateway Drive in Cumberland County with Brad Rohrbaugh and Chad Stine of Bennett Williams Realty, Inc. representing the tenant in the transaction; with Kid to Kid Shippensburg for 5,209 sq.ft. at Gateway Center in Franklin County, with Brad Rohrbaugh and Chad Stine representing the landlord in the transaction; with Five Guys Famous Burgers and Fries for 2,530 sq.ft. along Old Mill Road in Strabane Township, with Chad Stine representing the tenant in the transaction; with Mariner Finance, LLC for 2,400 sq.ft. at Wayne Plaza, located along Wayne Avenue in Franklin County, with Chad Stine and Brad Rohrbaugh representing the landlord in the transaction; with Boost Mobile for 1,000 sq.ft. at Shoppes on the Avenue, located along Loucks Road in York City, with the company representing the landlord and the tenant in the transaction; with Love Me 2 Times Consignment for 2,394 sq.ft. at Olde Tollgate Village, located along South Queen Street in York Township, with Chad Stine and Brad Rohrbaugh representing the landlord and tenant in the transaction; with CSL Plasma, Inc. for 11,851 sq.ft. at Eastern Boulevard Plaza, located along Eastern Boulevard in Springettsbury Township, with Chad Stine and Brad Rohrbaugh representing the landlord in the transaction; with T-Mobile for 2,300 sq.ft. along South Queen Street in York Township, with Chad Stine and Brad Rohrbaugh representing the landlord and Dave Nicholson of LMS Commercial Real Estate representing the tenant in the transaction and with Centerville Dinner for 5,467 sq.ft. at Woods Edge Plaza Shopping Center, located along Centerville Road in Manor Township, with Tom Troccoli of Bennett Williams Realty representing the landlord in the transaction. DM Dealmakers Magazine | www.dealmakers.net


Retail Specialists NY, NJ, CT • Airmont/Suffern, NY – Route 59 – Airmont Shopping Plaza 15,000 – 40,000 SF Avail. Shopping Center Redevelopment. • Bethpage, NY – 4025-4045 Hempstead Tpke – Bethpage Plaza 5,750 SF Avail. Join Dunkin’ Donuts & DMV. • Dobbs Ferry, NY – 50 Livingstone Ave – Chauncey Square 750 SF Avail. w/ Drive-Thru. Join Starbucks, NYSC &Verizon. • Hauppauge, NY – 160 Adams Ave – Adams Plaza 1,000 – 3,000 SF Avail. Join Dunkin’, Nathan’s & Blimpie. • Kingston, NY – Ulster Avenue (Route 9W) – Dena Marie Plaza Pad Site Avail. Join Kohl’s, Planet Fitness & Famous Footwear. • Nanuet, NY – 43 East Route 59 – Rockland Center 8,000 SF Avail. Join Pathmark, Big Lots, Party City & PetSmart. • Nyack, NY – 117-125 Main Street – Main Street Promenade 10,400 SF Avail. Join H&R Block & Subway. • Mahopac, NY – Route 6 – Lake Plaza 2,000 – 8,500 SF Avail. Join K-Mart & Key Bank. • Monroe, NY – Route 17M – Monroe Plaza 3,000 – 50,625 SF Avail. Join Stop & Shop & McDonald’s. • Patterson, NY – Route 22 – Patterson Commons Shop Ctr 1,750 – 3,700 SF & Pad Avail. Join A&P, Dollar Tree & Dunkin’. • Pelham, NY – 33 Lincoln Avenue 1,600 SF Avail. Join Dunkin’ Donuts & Dry Cleaner. • Pelham Manor, NY – 4326 Boston Post Road New Retail Dev. 6,500 SF Avail. Join Verizon Wireless. • Poughkeepsie, NY – South Road (Rte 9) – Poughkeepsie Plaza 700 – 6,000 SF Avail. Join Toys R Us, Marshall’s & Friday’s. • Tarrytown, NY – 21 North Broadway (Route 9) 3,200 SF Avail. Join Nick’s Pizza, W@tercooler & Parents Place. • Thornwood, NY – Columbus Avenue – Rose Hill Shopping Ctr 1,500 SF Avail. Join A&P, CVS, Radio Shack & Dunkin’ Donuts. • Wappingers Falls, NY – Route 9 – Wappingers Falls Plaza 1,200 – 5,600 SF & Pad Avail. Join Hannaford & Just-A-Buck. • West Haverstraw, NY – 32 - 38 Route 9W 1,500 SF Avail. Join Sherwin-Williams, Verizon & Dunkin’ Donuts. • West Haverstraw, NY – 45 S. Route 9W – Samsondale Plaza Pad Site & Up to 8K SF Avail. Join S&S, Mandee & Dollar Tree.

• West Hempstead, NY –Hempstead Tpke – Cherry Valley Plaza Up to 10K SF Avail. Join Pet Supplies Plus, Payless & Retro Fitness. • White Plains, NY –81 & 83 Mamaroneck Avenue 1,716 & 1,475 SF Avail. Spaces Can be Combined. • White Plains, NY – 330 Tarrytown Road (Route 119) 13,500 SF Avail. Former Greenburgh Health Center. • White Plains, NY – 410 Tarrytown Road (Route 119) 10,800 SF Free-Standing Bldg. Avail. Join AutoZone & Rack&Go. • Vails Gate, NY – Route 32 (Windsor Hwy.) – Big V Town Ctr 700 – 16,400 SF Avail. Join Shop Rite & K-Mart. • Yonkers, NY – Central Park Avenue – Centfort Plaza 4,000–10,000 SF Avail. Join Vitamin Shoppe, Dunkin’ & GameStop. • Yonkers, NY – Main Street – New Construction at Waterfront 2,415 SF Avail. Join Retro Fitness, HSBC & Verizon FIOS. • Yonkers, NY – Ridge Hill Boulevard –Ridge Hill 1,000 – 30,000 SF Avail. Join Whole Foods, Lord & Taylor, Apple, REI , LL Bean, Dick’s & The Cheesecake Factory. • Yonkers, NY – 2270 Central Park Avenue – Tanglewood SC 2,500 – 5,000 SF Avail. Join AutoZone, Dunkin’ & Rockwell’s. • Branford, CT – West Main Street – Branhaven Plaza 2,356 SF Avail. Join Big Y, Kohl’s, Payless & GameStop. • Bridgeport, CT – Boston Avenue – Shopper’s Fair Plaza 2,322 SF Avail. Join Price Rite, CW Price & Modell’s. • Cheshire, CT – 905-969 S. Main St. – Cheshire Shopping Ctr 3,920 SF Avail. Join CVS & Pier 1 Imports. • Derby, CT – Pershing Drive – ShopRite Shopping Center 4,000 – 9,500 SF Avail. Join ShopRite, Petland & Verizon. • Fairfield, CT – 1201 Kings Highway – Staples Plaza 1,800 – 3,600 SF Avail. Join Staples, Verizon & Al’s Liquors. • Norwalk, CT – Route 1 – ShopRite Shopping Center 20,000 SF Avail. Join ShopRite, GNC & GameStop. • Norwalk, CT – Main Avenue (Route 7) – Walmart Center Up to 9,100 SF Avail. Join Walmart, Panera, Qdoba & Petco. • Stamford, CT – 2000 West Main St – ShopRite Plaza 1,625 & 2,400 SF Avail. Join ShopRite, Sleepy’s & Dunkin’. • Westport, CT – 1799 Post Road East 3,819 SF Avail. Join Millie Rae’s, Dry Cleaner & SuperCuts.

Representing Retailers in Select Regions:

850 Bronx River Road * Bronxville, New York 10708 * (t) 914.237.3403

www.RoyalPropertiesInc.com


SPACE PLACE Alabama

Alabama

California

Bessemer – 59 West, located at the intersection of Academy Drive and Interstate 59, has two spaces of 1,600 sq.ft. available, as well as spaces of 3,200 sq.ft. and 3,891 sq.ft. Cotenants include Big Lots, Aldi, Dollar Tree and Cato. Area demographics include a population of 42,766 within five miles earning $54,966 as the average household income. For more information, contact Stephen Waynick or Roberta McCardle, Victory Real Estate Investments, 240 Brookstone Centre Parkway, Columbus, GA 31904; 800-4357834, Email: swaynick@vrei.net.

110 North Jerry Clower Boulevard, Suite W, Yazoo City, MS 39194; 662746-8000, Fax 662-746-8872; Email: jim@actionpropertiesusa.com; Web site: www.actionpropertiesusa.com.

located along Appian Way. Cotenants include Subway, Little Caesar’s, Starbucks and Noodle House. Area demographics include a population of 227,950 within five miles earning $70,489 as the median household income. The average daily traffic count is 21,000 vehicles. Walnut Creek – A 607 sq.ft. space is available at the intersection of Locust Street and Mt. Diablo Boulevard. Area retailers include Veggie Grill, Tender Greens, Anthropologie, Apple, Barnes & Noble and Starbucks. Area demographics include a population of 202,220 within five miles earning $98,227 as the median household income. The average daily traffic count is 23,000 vehicles along Mt. Diablo Boulevard. For more information regarding the spaces on Appian Way, contact Nick Schmidter, Lockehouse, 650-548-2688, Email: nick@lockehouse.com. For more information regarding the spaces in Walnut Creek, contact Kurt Grundman, 415-6408779; Email: kurt@lockehouse.com; Web site: www.lockehouse.com.

Hamilton – Hamilton Heights, a 45,000 sq.ft. center, has a space of 1,800 sq.ft. available, as well as two pad sites. Cotenants include Goody’s, Hibbett Sports, Dollar Tree, Subway, Edward Jones, H&R Block and Advance America. Area demographics include a population of 5,777 within five miles earning $40,853 as the average household income. The average daily traffic count is 13,213 vehicles. The asking rent is $15 psf. For more information, contact Jim Eichelberger, Action Properties, LLC,

California Corona – Los Arcos Plaza, located at the intersection of McKinley Street and SEC 91 Freeway, has spaces of 1,100 sq.ft., 1,363 sq.ft. and 2,500 sq.ft. available. Cotenants include Outback Steakhouse, Denny’s and Chuck E. Cheese’s. Area demographics include a population of 269,045 within five miles earning $66,879 as the median household income. The average daily traffic count is 39,000 vehicles. For more information, contact Cyndi Light, Coldwell Banker Commercial, One Better World Circle, Suite 301, Temecula, CA 92590; 951-297-7427; Email: cyndil@cbcsocalgroup.com; Web site: www.cbcsocalgroup.com. El Sobrante – Spaces from 1,075 sq.ft. to 3,522 sq.ft. are available at a center

(continued on page seventy-eight)

Chicagolands Newest Hotspot for Development ! Access, Location, New Rooftops, Economic Opportunity

New Opportunites Await in Lakemoor, Illinois 

   

www.discoverlakemoor.net

Located in one of Illinois’ most competitive and growing Chicago metropolitan markets. Direct access to high traffic regional transportation corridors. Market gap/leakage of nearly $300 million in unmet demand potential for Retail/Food and Drink establishments. Strong government support with a team of experienced staff and professional development consultants to assist. Multiple priority development sites for large and small scale development, expedited approval process, and motivated publicprivate partnerships with prominent real estate firms such as: PLUS: Tax Increment Financing (TIF) and Retail Sales Tax incentives.

Lakemoor, Illinois is ready to do business with you!

To schedule a meeting with us at ICSC-RECON in Las Vegas on May 17th-20th please contact: Matt Dabrowski Village of Lakemoor 815-385-1115 mdabrowski@lakemoor.net

Lake

McHenry

Lakemoor

Cook

Kane

DuPage

Kendall

Will

Terry McCollom McCollom Realty 708-383-6450 wrmccollom@mccollomrealty.com

“From start to finish, commercial development in Lakemoor was effortless and mutually beneficial to both the village and the developer”. Craig Whitehead, CCIM, CPM, CRX, Executive Vice President, The Crown Group, Inc. Page 76 | May 22, 2015

Dealmakers Magazine | www.dealmakers.net


LMS NORTHEAST TOWER CENTER

U NDERGOING R ENOVATIONS

Philadelphia, PA Walmart, Staples & Petsmart

WINDSOR COMMONS Red Lion, PA Giant, Dollar Tree & Subway

1,600 - 7,200 SF

5,000 - 17,500 SF

OCEAN LANDINGS II

Berlin, MD Walmart & Home Depot

Jr Anchor, Inline Space & Pad Sites

FESTIVAL AT HAMILTON

Mays Landing, NJ ACME, Jo-Ann Fabrics & Pier 1

Up to 9,050 SF

U NDERGOING R ENOVATIONS

3,500 - 8,434 SF

SOUTH HANOVER S.C. Hanover, PA Giant & Planet Fitness

1,600 - 3,600 SF

GETTYSBURG STATION

Up to 20,000 SF

5,000 - 13,800 SF

HOME DEPOT PLAZA

MANHEIM SHOPPING CENTER

Bensalem, PA Home Depot, AMC Theatres & Babies R US

2,500 - 10,000 SF

Pad Site & Restaurant Endcap w/ Outdoor Seating

AT

Harrisburg, PA Gabe’s & Weis Markets

MARKETPLACE AT NESHAMINY Bensalem, PA Target & Home Depot

VISIT U S

UNION SQUARE

Gettysburg, PA +/- 20 AC New Development Peebles, Staples & Starbucks

Manheim, PA Weis Markets & CVS/pharmacy

2,920 & 3,400 SF

B OOTH #S3967 | 2015 ICSC R E C ON

1195 ROUTE 70, STE 2000 L AKEWOOD, NJ 08701

120 N ORTH POINTE B LVD., STE 301 L ANCASTER , PA 17601

w w w. Par amount Re alt y.com

w w w. LM S - PMA .com


SPACE PLACE California (continued from page seventy-six)

Hermosa Beach – Hermosa Pavilion, a 115,975 sq.ft. mixed-use building located along Pacific Coast Highway, has first floor spaces of 1,102 sq.ft. and 1,662 sq.ft. available, as well as a 3,366 sq.ft. second floor space. Cotenants include 24 Hour Fitness, Vans, Vons, Sunset Tan, Ralph’s, Jamba Juice, Chipotle and Starbucks. Area demographics include a population of 176,268 within three miles earning $124,447 as the average household income. For more information, contact Geoff Ludwig, Colliers International, 310-3812462; Email: geoff.ludwig@colliers.com; or Maryl Haire, Highland Partners Corp., 310-379-2228 Ext. 4; Email: maryl.haire@highlandpartnerscorp.com. Van Nuys – A center located at the intersection of Sherman Way and Woodman Avenue, has spaces of 1,121 sq.ft. and 1,150 sq.ft available. Cotenants include Quiznos Sub, McDonald’s, KFC, Speedy Ca$h, Lucy’s Laundry Mart, O’Reilly Auto Parts and Ralph’s. Area demographics include a population of 368,254 within three miles

California

Connecticut

earning $64,361 as the average household income. Westminster – A center located at the intersection of Beach Boulevard and McFadden Avenue, has a 2,665 sq.ft. endcap available. Cotenants include Comfort Zone Mattress & Home Décor. For more information regarding the Van Nuys property, contact Dave O’Connell or Brett Mero, Centers Business Management, 1517 South Sepulveda Boulevard, Los Angeles, CA 90025; 818-380-9966 Ext. 32/23, Fax 818-380-9976; Email: dave@cbm1.com. For more information regarding the Westminster property, contact Michael Nitti or Aaron Guido, 310-575-1517 Ext. 232/714-769-6159 Ext. 104, Fax 310575-1147; Email: mnitti@cbm1.com.

the median household income. The average daily traffic count is 28,000 vehicles. For more information, contact Northeast Retail Leasing & Management Co., LLC, 360 Bloomfield Avenue, Suite 208, Windsor, CT 06095; 860-683-9000, Fax 860-683-1600; Web site: www.northeastretail.com.

Connecticut Berlin – A center located along Webster Square Road has up to 38,000 sq.ft. of space available, along with pad sites. Cotenants include Ocean State Job Lot, Family Dollar and Harbor Freight Tools. Area demographics include a population of 142,972 within five miles earning $60,313 as

Fairfield – A 20,000 sq.ft. mixed-use building located at the intersection of Post Road and Sasco Hill Road, has first floor retail spaces of 1,944 sq.ft., 2,314 sq.ft. and 2,947 sq.ft. available. The asking rent is $45 psf NNN. For more information, contact Brooks, Torrey & Scott, Inc., 542 Westport Floor, Norwalk, CT Avenue, 2nd 06851; 203-847-2616, Fax 203-840-4848; Email: scott@btsrealty.com; Web site: www.btsrealty.com. New Milford – Litchfield Crossings, a 282,000 sq.ft. center located along Route 7 at the intersection of Danbury Road and Dodd Road, has spaces from 1,500 sq.ft. to 20,000 sq.ft. available. Cotenants include Kohl’s, Home Goods, Big Lots, AT&T and (continued on page eighty)

Representing:

Relationships Built On Results Since 1986 Real Estate Brokerage • Property Management • Asset Repositioning • Retailer Advisory Services MAY 17-20, 2015 LAS VEGAS CONVENTION CENTER Page 78 | May 22, 2015

WE WILL BE ATTENDING THE RECON CONVENTION CONTACT US TO SCHEDULE A MEETING: 908.604.6900 or info@silbertrealestate.com www.silbertrealestate.com

Dealmakers Magazine | www.dealmakers.net


SPACE PLACE Connecticut (continued from page seventy-eight)

Panera Bread. Area demographics include a population of 123,687 within five miles earning $112,023 as the average household income. The average daily traffic count is 27,000 vehicles. For more information, contact Marianne Adamo, Saugatuck Commercial Real Estate, 203-222-4196; Email: madamo@saugatuckcommercial.com; Web site: www.saugatuckcommercial.com.

Delaware Christiana – University Plaza, a 175,000 sq.ft. center located at the intersection of Chapman Road and Christiana Bypass, has spaces of 2,500 sq.ft. and 3,750 sq.ft. available, which can be combined. Cotenants include Acme, Sears Hardware, Burlington, Boston Market, Wendy’s and Walgreens. Area demographics include a population of 302,440 within seven miles earning $77,331 as the average household income. The average daily traffic count is 48,797 vehicles. For more information, contact Michael DePetris, Legend Properties, 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034, Fax 610-941-4038; Email: mdepetris@lpre.com; Web site: www.lpre.com.

Florida Coconut Grove – The Grove Shops, a 22,133 sq.ft. center located along US-1, between 30th Court and Virginia Street, has spaces from 1,402 sq.ft. to 4,617 sq.ft. available. Area retailers include Home Depot, Taco Bell, McDonald’s, Mattress Firm and Dunkin’ Donuts. Area demographics include a population of 414,202 within five miles earning $64,433 as the average household income. The average daily traffic count is 92,000 vehicles. Doral – Boykin Center, a 100,000 sq.ft. power center located at the intersection of 36th Street and Northwest 79th Avenue, has retail spaces available. Cotenants include DSHOP Tires & Auto Repairs, El Tropico Restaurant, Hertz and Taco Bell. Area demographics include a population of 461,559 within five miles earning $50,819 as the average household income. The average daily traffic count is 107,000 vehicles. For more information, contact Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305-661-0110, Fax 305-661-7803; Web site: www.ima-re.com. Page 80 | May 22, 2015

Florida

Florida

Coral Springs – Sawgrass Center, an 83,800 sq.ft. center located at the intersection of Coral Ridge Drive and Sawgrass Expressway, has a space of 1,500 sq.ft. available. Cotenants include Publix, Hair Cuttery, Dunkin’ Donuts, Yogofresh, Sublicious and Alex’s Bike Shop. Area demographics include a population of 62,136 within three miles earning $106,100 as the average household income. The average daily traffic count is 37,395 vehicles, For more information, contact Ivo Tsinev or Clinton Casey, Colliers International, 601 Brickell Key Drive, Suite 603, Miami, FL 33131; 954-673-1564/954-684-2686; Email: ivo.tsinev@colliers.com; Web site: www.colliers.com.

66,438 within five miles earning $46,282 as the median household income. The average daily traffic count is 31,500 vehicles. The asking rent is $25 psf NNN. For more information regarding Harbor Plaza or Jupiter Farms Shopping Center, contact Roxanne Register or David Eggnatz, Katz & Associates, 2300 Glades Road, Suite 460W, Boca Raton, FL 33431; 561-8694346/4344; Email: roxanneregister@dkatz.com; Web site: www.katzassociates.com. For more information regarding the Shops at Mission Lakes, the space in Jensen Beach or site in Vero Beach, contact Roxanne Register.

Delray Beach – Harbor Plaza, a 50,000 sq.ft. center located at the intersection of US Route 1 and Linton Boulevard, has inline spaces of 1,482 sq.ft. and 2,400 sq.ft. available, along with a 1,857 sq.ft. endcap. Cotenants include The Fresh Market, Carrabba’s, Fleet Feet Sports, Zona Fresca, Pizza Hut and Panera Bread. Area demographics include a population of 143,374 within five miles earning $57,025 as the median household income. The average daily traffic count is 31,281 vehicles along US Route 1. Jensen Beach – A 6,548 sq.ft. restaurant or retail space is available at the intersection of North Federal Highway and Golden Rod Road. Area demographics include a population of 103,438 within five miles earning $51,445 as the median household income. Jupiter – Jupiter Farms Shopping Center, located at the intersection of Indiantown Road and Jupiter Farms Road, has spaces of 1,400 sq.ft., 1,750 sq.ft. and 3,600 sq.ft. available. Cotenants include Publix, Metro PCS, True Value and Blondie’s Bar & Grille. Area demographics include a population of 46,102 within five miles earning $81,324 as the median household income. The average daily traffic count is 26,705 vehicles. Lake Worth – Shops at Mission Lakes, located at the intersection of State Road 7 and Lantana Road, has two inline spaces of 1,300 sq.ft. available, along with a 4,587 sq.ft. restaurant outparcel. Cotenants include Game Stop, Sal’s Italian Restaurant, GNC, Supercuts and Copper Tan. Area demographics include a population of 149,615 within five miles earning $85,278 as the average household income. The average daily traffic count is 49,531 vehicles. Vero Beach – 6350 Shoppes, located along 20th Street/ Highway 60, has a 6,000 sq.ft. outparcel available. Cotenants include Mattress Firm. Area demographics include a population of

Groveland – Eagle Ridge Shoppes, a 66,000 sq.ft. shopping center, has spaces of 1,300 sq.ft., 1,426 sq.ft. and 2,600 sq.ft. available. Cotenants include Burger King, Great Clips, Subway, Li’L Anthony’s Pizza and Ikaho Sushi. Area demographics include a population of 64,378 within five miles. Plant City Crossing, an 85,000 sq.ft. shopping center located at the intersection of Interstate 4 and Thonotosassa Road, has spaces of 1,520 sq.ft. and 1,680 sq.ft. available. Cotenants include Publix, Dollar General, Heartland Dental, GNC, Supercuts, Edward Jones and Pak Mail. Area demographics include a population of 88,240 within seven miles earning $65,675 as the average household income. For more information, contact Ray Blanoc, Fraga Properties, 75 Valencia Avenue, Suite 1150, Coral Gables, FL 33134; 305441-6633, Fax 305-448-7068; Email: ray@fragaproperties.com; Web site: www.fragaproperties.com. Hollywood - Spaces from 1,652 sq.ft. to 2,227 sq.ft. are available at Hollywood Palms. Cotenants include Publix, Walgreens and Dade Medical. Margate – Spaces from 1,500 sq.ft. to 7,500 sq.ft. are available at Shoppes at Margate. Cotenants include Dollar Tree, Advance America and Carnival Supermarket. Pembroke Pines – Spaces from 1,664 sq.ft. to 4,641 sq.ft. are available at Flamingo Market Place. Also – Spaces from 1,487 sq.ft. to 7,600 sq.ft. are available at Shoppes at Pembroke. Cotenants include Michaels, Weight Watchers and Allstate. For more information, contact Charles Hirsch or Pascal Spagna, Milbrook Properties, 516-829-1240; Web site: www.milbrookproperties.com. St. Petersburg – Gateway Market Center, located along 9th Street North, has a space (continued on page eighty-two)

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SPACE PLACE Florida (continued from page eighty)

of 2,000 sq.ft. available. Cotenants include Super Target, Publix, Bealls, T.J. Maxx, PetSmart, Office Depot, Party City, Shoe Carnival and Bath & Body Works. Area demographics include a population of 187,878 within five miles earning $56,993 as the average household income. The average daily traffic count is 21,500 vehicles. Sarasota – Sarasota Pavilion, located at the intersection of South Tamiami Trail and Stickney Point Road, has spaces from 1,213 sq.ft. to 22,540 sq.ft. available. Cotenants

Florida

Georgia

include Publix, Michaels, Bed Bath & Beyond, Ross Dress for Less, Marshalls, Stein Mart, Bealls Outlet, Panera Bread and Plato’s Closet. Area demographics include a population of 113,330 within five miles earning $73,766 as the average household income. For more information, contact Ryan Derriman or Michaelann Murphy, Franklin Street Real Estate, 813-6583359/3369, Fax 813-839-7330; Email: ryan.derriman@franklinst.com; Web site: www.franklinst.com.

Atlanta – Lindbergh Vista, located along Piedmont Road Northeast, has spaces of 1,375 sq.ft., 1,595 sq.ft. and 1,686 sq.ft. available. Home Depot, Target and Best Buy shadow anchor the site. Area demographics include a population of 325,940 within five miles earning $98,208 as the average household income. The average daily traffic count is 37,390 vehicles. For more information, contact Steven Bodner, The Trilogy Group, LLC, 678-3221187; Email: sbodner@trilogygroup.net; Web site: www.trilogygroup.net. Lawrenceville – River Exchange, a 263,651 sq.ft. center located at the intersection of Riverside Parkway and Duluth Highway, has inline spaces of 1,300 sq.ft. to 10,000 sq.ft. available, as well as anchor spaces from 15,578 sq.ft. to 19,578 sq.ft., and outparcels of 2,925 sq.ft. and 6,450 sq.ft. Cotenants include Kroger, Goodwill, ReStore, Citi Trends, Cato, Farmers Furniture, Subway, AT&T and Buckhead Uniform. Area demographics include a population of 212,279 within five miles earning $82,814 as the average household income. The average daily traffic count is 42,870 vehicles. For more information, contact Bre WagnerClagett or Tara Anderson Borysiak, Wheeler/ Brand, 1960 Satellite Boulevard, Suite 1300, Duluth, GA 30097; 770-623-2089/770-4976461; Email: bre@wheelerbrand.com; Web site: www.wheelerbrand.com.

Illinois Aurora – Lakeside Retail Center, a 15,251 sq.ft. center located along South Eola Road, has spaces available. Area demographics include a population of 214,606 within five miles earning $153,520 as the average household income. Also – Oakhurst Center, located along North Eola Road, has a space of 1,614 sq.ft. available. Cotenants include Paulie’s Pub & Grille, Subway and Wing Stop. Area demographics include a population of 261,797 within five miles earning $90,482 as the average household income. The average daily traffic count is 41,500 vehicles. Montgomery – A center located along Orchard Road, has a space of 1,428 sq.ft. available. Cotenants include Rosati’s Pizza, Jimmy John’s, Sport Clips and T-Mobile. Area demographics include a population of 55,094 within three miles earning $86,695 as the average household income. The average daily traffic count is 25,000 vehicles. Villa Park – King’s (continued on page eighty-four)

Page 82 | May 22, 2015

Dealmakers Magazine | www.dealmakers.net


SPACE PLACE Illinois (continued from page eighty-two)

Point Center, located along West North Avenue, has spaces of 1,400 sq.ft., 1,660 sq.ft. and 1,800 sq.ft. available. Cotenants include Subway. Area demographics include a population of 294,883 within five miles earning $83,975 as the average household income. The average daily traffic count is 46,400 vehicles. For more information regarding Lakeside Retail Center, contact Steve Caton or Michael Lindsey, Caton Commercial Group, 1296 Rickert Drive, Suite 200, Naperville, IL; 815-

Illinois

Illinois

954-5300/630-675-5300, Fax 331-333-1155; Email: steve@catoncommercial.com. For more information regarding Oakhurst Center, contact Christina Caton Kitchel or Marielee Macapagal, 312-545-1035/312-520-1816; Email: christina@catoncommercial.com. For more information regarding the Montgomery property, contact Lettie Delap, 815-4365700, Email: lettie@catoncommercial.com; Web site: www.catoncommercial.com. For more information regarding King’s Point Center, contact Marielee Macapagal; Email: marielee@catoncommercial.com.

Bradley – A 4,900 sq.ft. freestanding building is available at the intersection of North Kinzie Avenue and East North Street. Area retailers include Jo-Ann Fabrics, Dollar Tree, Lowe’s and Hobby Lobby. Area demographics include a population of 70,861 within five miles earning $60,167 as the average household income. Northlake – Northlake Commons, located along West North Avenue, has a 32,357 sq.ft. endcap available. Cotenants include Home Depot, Value City Furniture, Walmart and Sam’s Club. Area demographics include a population of 324,283 within five miles earning $76,764 as the average household income. For more information, contact Jeff Ross, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 123; Email: jross@kinproperties.com. Chicago – Halsted Shops, located at the intersection of Halsted Street and South 63rd Street, has inline spaces from 1,850 sq.ft. to 7,250 sq.ft. available, as well as outlots of 20,000 sq.ft. and 39,000 sq.ft. available. Cotenants include Whole Foods Market. Area demographics include a population of 801,028 within five miles earning $48,699 as the average household income. The average daily traffic count is 36,000 vehicles. The asking rent is $16 to $18 psf. For more information, contact James Matanky or Terri Cox, Matanky Realty Group, 200 North LaSalle Street, Suite 2350, Chicago, IL; 312-337-1001, Fax 312-3375996; Email: jmatanky@matanky.com; Web site: www.matanky.com.

Kentucky Nicholasville – A 2,400 sq.ft. space is available at Kimberly Square. Cotenants include Great Clips, Barrett’s Hair College and Snap Fitness. Area demographics include a population of 145,147 within 10 miles earning $68,112 as the average household income. Princeton – Princeton Centre, located along US Highway 62 West, has a space of 15,000 sq.ft. available. Cotenants include Dollar Tree, Hibbett Sports and Factory Connection. Area demographics include a population of 18,628 within 10 miles earning $44,220 as the average household income. The asking rent is $8 psf. For more information, contact Jim Eichelberger, Action Properties, LLC, 110 North Jerry Clower Boulevard, Suite W, Yazoo City, MS 39194; 662(continued on page eighty-six)

Page 84 | May 22, 2015

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SPACE PLACE Kentucky (continued from page eighty-four)

746-8000, Fax 662-746-8872; Email: jim@actionpropertiesusa.com; Web site: www.actionpropertiesusa.com.

Louisiana New Orleans – River Commons Shopping Center, a 59,235 sq.ft. center located along Behrman Highway, has spaces from 1,500 sq.ft. to 9,800 sq.ft. available. Cotenants include Walmart Supercenter, Family Dollar, Shoe Dept., Cato, Simply Fashion, Sally Beauty Supply and Game Stop. Area demographics include a population of 105,456 within three miles earning $55,211 as the average household income. The average daily traffic count is 32,000 vehicles. For more information, contact Heather Stewart, Rivercrest Realty Investors, 800992-4046; Email: hstewart@rivercrestrealty.com; Web site: www.rivercrestrealty.com. Ponchatoula – Berryland Shopping Center, located at the intersection of West Pine Avenue and Oak Meadow Lane, has

Page 86 | May 22, 2015

Louisiana

Maryland

spaces of 2,750 sq.ft. and 8,640 sq.ft. available. Cotenants include Winn Dixie, Fantastic Sam’s and Anytime Fitness. Area demographics include a population of 39,551 within five miles earning $56,615 as the average household income. The average daily traffic count is 24,080 vehicles. For more information, contact Bill Haynes or Gina Christopher, Victory Real Estate Investments, 240 Brookstone Centre Parkway, Columbus, GA 31904; 800-4357834/706-327-4774, Fax 706-327-4413; Email: bhaynes@vrei.net.

For more information, contact Lauren Bowman, Cedar Realty Trust, 856-2926619; Email: lbowman@cdrrt.com; Web site: www.cedarrealtytrust.com.

Maryland Cockeysville – Yorktowne Plaza, a 158,982 sq.ft. center located at the intersection of Cranbrook Road and York Road, has spaces from 750 sq.ft. to 6,680 sq.ft. available. Cotenants include Food Lion, Rite Aid, Dollar Tree, GNC, Dunkin’ Donuts, IHOP and Burger King. Area demographics include a population of 96,521 within five miles earning $78,699 as the median household income. The average daily traffic count is 39,125 vehicles.

Gaithersburg – Kentlands Square & Kentlands Place, an 800,000 sq.ft. mixeduse development located at the intersection of Great Seneca Highway and Quince Orchard Road, has a retail space of 1,800 sq.ft. available. Cotenants include Giant, Lowe’s Home Improvement, Kmart, Chipotle, Party City, Payless Shoe Source, Cold Stone Creamery, GNC, Panera Bread and ChickFil-A. Area demographics include a population of 275,919 within five miles earning $117,221 as the average household income. For more information, contact Diana Shipley, Saul Centers, 301-986-7713; Email: diana.shipley@saulcenters.com; Web site: www.saulcenters.com. Glen Burnie – Cromwell Field Shopping Center, a 233,486 sq.ft. center located along Baltimore Annapolis Boulevard, has spaces from 1,800 sq.ft. to 8,800 sq.ft. available. (continued on page eighty-eight)

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SPACE PLACE Maryland (continued from page eighty-six)

Cotenants include Roses Discount Store, Giant, Dollar General, Rita’s Water Ice and Hair Cuttery. Area demographics include a population of 181,982 within five miles earning $74,265 as the average household income. For more information, contact Patricia Palumbo or Dan Flamholz, Klein Enterprises, 1777 Reisterstown Road, Suite 245, Baltimore, MD 21208; 410-902-0290; Email: ppalumbo@kleinenterprises.com; Web site: www.kleinenterprises.com.

Maryland

Massachusetts

Glen Burnie – A 23,349 sq.ft. anchor space is available at East Park Shopping Center located along Crain Highway. Area demographics include a population of 139,049 within five miles earning $96,193 as the average household income. Area retailers include Target and Walgreens. For more information, contact John Marigliano or Brendan Clark, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 703-404-2346; Email: jmarigliano@renaudconsulting.net.

Dartmouth – Dartmouth Towne Center/ Towne Center West, a 563,969 sq.ft. power center located along State Route 6, has spaces available. Cotenants include Home Depot, T.J. Maxx, BJ’s Wholesale, Office Max, Bed Bath & Beyond, Barnes and Noble and JoAnn Fabrics. Area demographics include a population of 36,057 within three miles earning $58,176 as the median household income. For more information, contact Mark Sobel, 1st US Realty, 427 Columbia Road, Hanover, MA 02339; 508-280-4563; Email: msobel@1stusrealty.com; Web site: www.1stusrealty.com.

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Ethan Allen Marlboro, NJ

Linden Commons Linden, NJ

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Randolph – Gateway Plaza, located along North Main Street, has a space of 1,350 sq.ft. available. Cotenants AT&T, Dunkin’ Donuts and Bank of America. Area demographics include a population of 197,674 within five miles earning $74,279 as the median household income. The average daily traffic count is 31,400 vehicles along Route 28. For more information, contact Brian Nadler, National Commercial Brokers, Inc., 381 Elliot Street, Suite 185L, Newton Upper Falls, MA 02464; 617-243-0222, Fax 617-2430277; Email: brian@nationalcommercial.com; Web site: www.nationalcommercial.com.

Mississippi Tupelo – A 4,500 sq.ft. freestanding building is available at the intersection of South Gloster Street and Carnation Street. Area retailers include Kroger, CVS, Walgreens, Burger King and Sweet Pepper’s Deli. Area demographics include a population of 43,534 within five miles earning $54,262 as the average household income. The average daily traffic count is 16,000 vehicles along South Gloster Street. For more information, contact C. Kelly Cofer, The Retail Coach, PO Box 7272, Tupelo, MS 38804; 662-401-4327; Email: ckcofer@theretailcoach.net; Web site: www.theretailcoach.net.

New Hampshire Manchester – South Willow Shopping Center, located along South Willow Street, has spaces available. Cotenants include Hobby Lobby, Staples, Texas Roadhouse and Chuck E. Cheese’s. Area demographics include a population of 133,145 within five miles earning $80,339 as the median household income. (continued on page ninety)

Page 88 | May 22, 2015

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SPACE PLACE New Hampshire

New Jersey

Piazza and Gymboree. Area demographics For more information, contact Mike include a population of 76,562 within five Hotarek, Eastern Retail Properties, 25 miles earning $129,031 as the average Braintree Hill Office Park, Suite 305, Braintree, household income. The average daily traffic MA 02184; 781-849-9017, Fax 781-849- count is 38,200 vehicles. Lodi – Lodi Mall, 9050; Email: mhotarek@easternretail.com; a 60,000 sq.ft. neighborhood center located Web site: www.easternretail.com; or along South Main Street, has first and second Donald Derman, Brookhill Management floor retail spaces available. Area retailers Corp., 501 Madison Avenue, New York, include World Class Shop Rite, Walgreens, NY 10022; 212-753-3123 Ext. 230; Email: Walmart, Sears and Bank of America. dderman@brookhillre.com. Area demographics include a population of 598,627 within five miles earning $79,916 New Jersey as the average household income. The average daily traffic count is 56,560 vehicles Bernardsville – Ground floor retail along State Route 46. The asking rent is $14 spaces of 1,500 sq.ft. and 3,522 sq.ft. are to $15.50 psf. Roselle – Roselle Shopping available at a mixed-use building located Center, located at the intersection of Raritan along Essex Avenue. Area demographics Road and Wood Avenue, has spaces of include a population of 49,012 within five 3,300 sq.ft. and 4,400 sq.ft. available. miles earning $133,193 as the median Cotenants include Sears Hardware, Seabra household income. The asking rent is $29 Supermarket, 99 Cents Store and The psf. Hillsborough – Hillsborough Centre, UPS Store. Area demographics include a located along Route 206 North, has an inline population of 193,325 within three miles space of 1,600 sq.ft. available, along with a earning $97,909 as the average household 6,000 sq.ft. freestanding space. Cotenants income. The average daily traffic count is include Stop & Shop, Retro Fitness, The 13,419 vehicles along Raritan Road. The UPS Store, GNC, Verizon Wireless, Café asking rent is $18 psf NNN. Ranked 21st on Economic Strength in the Nation among Micropolitan Communities by Policom Corporation (continued from page eighty-eight)

Page 90 | May 22, 2015

New Jersey For more information regarding the Bernardsville property, contact William Ray, Silbert Realty & Management Co., Inc., 85A Division Avenue, PO Box 406, Millington, NJ 07946; 908-604-6900 Ext. 19, Fax 908604-2030; Email: wray@silbertrealestate.com; Web site: www.silbertrealestate.com. For more information regarding the sites in Hillsborough or Roselle, contact David Greenman or Brian Silbert, 908-604-6900 Ext. 41/15, Email: dgreenman@silbertrealestate.com. For more information regarding Lodi Mall, contact David Greenman. Bloomfield – Glenwood Village, located along Glenwood Avenue, has ground floor retail spaces from 830 sq.ft. to 15,000 sq.ft. available. The site is adjacent to Bloomfield Train Station. Area retailers include A&P, Starbucks, CVS, Pathmark and Panera Bread. Area demographics include a population of 693,567 within five miles earning $76,677 as the average household income. Hazlet – Up to 9,500 sq.ft. of space is available at K-Mart Plaza, located along Route 35. Cotenants include Kmart, Sally Beauty Supply, PathMark, Bank of America and RadioShack. Area demographics include a population of 136,771 within five miles earning $112,711 as the average household income. Livingston – Livingston Town Center, located at the intersection of Mount Pleasant Avenue and North Livingston Avenue, has spaces from 1,200 sq.ft. to 4,500 sq.ft. available. For more information regarding Glenwood Village, contact Matthew P. Flath or Lew Finkelstein, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700, Fax 201-7039678; Email: mflath@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. For more information regarding K-Mart Plaza, contact Jesse Finkelstein or Lew Finkelstein, 201-703-9700 Ext. 114; Email: jfinkelstein@thegoldsteingroup.com. For more information regarding Livingston Town Center, contact Matthew P. Flath, Chuck Lanyard or Jesse Finkelstein, Email: clanyard@thegoldsteingroup.com. Carteret – Plaza 12 Shopping Center, a 40,500 sq.ft. strip center located along Roosevelt Avenue, has up to 6,500 sq.ft. of space available. Cotenants include Walgreens, McDonald’s, Auto Zone and Aamco Transmissions. Area demographics include a population of 434,076 within five miles earning $86,068 as the average (continued on page ninety-two)

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SPACE AVAILABLE Lynn Plaza Wheeling, IL 60090

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• 70’ frontage on Lincoln Avenue • Average income of over $75K within 7 miles • Population over 1.4 million within 7 miles

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AVAILABLE 1,753 sq.ft. to 6,859 sq.ft. (can combine to 10,000+ sq.ft.) * liquor license available

AVAILABLE 8,403 sq.ft. (may divide) AREA RETAILERS

JOIN Adjacent to

For more information, contact Michael A. Kolodny, CPM • mikek@hallmarkjohnson.com • 773.545.6160


SPACE PLACE New Jersey (continued from page ninety)

household income. The average daily traffic count is 18,000 vehicles. For more information, contact Patti Fiore or William Lenaz, R.J. Brunelli & Co., LLC, 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-721-9241; Email: pfiore@rjbrunelli.com; Web site: www.rjbrunelli.com. East Hanover – A 30,066 sq.ft. center located at the intersection of Route 10 West and River Road, has spaces of 2,555 sq.ft. and 4,560 sq.ft. available, which can be combined. Cotenants include Party City, Verizon Wireless and Jersey Mike’s Subs. Area demographics include a population of 145,502 within five miles earning $123,034 as the median household income. The average daily traffic count is 35,527 vehicles. Edgewater – Edgewater Marketplace, located along River Road, has a space of 2,780 sq.ft. available. Cotenants include Trader Joe’s, Red Mango, Pet Valu, Harmon Face Values, Massage Envy, Orangetheory, The UPS Store, Supercuts and Caffe Bene. Area demographics include a population of 381,006 within five miles earning $79,054 as the average household income. The average daily traffic count is 33,624 vehicles. Hillsborough – Hillsborough Promenade, a

FOR

OVER

67

New Jersey

New Jersey

328,306 sq.ft. power center located at the intersection of US Route 206 North and Falcon Road, has spaces available. Cotenants include Kohl’s, Lowe’s, Home Goods, Weis and Staples. Area demographics include a population of 100,941 within five miles earning $108,260 as the average household income. The average daily traffic count is 28,608 vehicles along US Route 206 North. For more information regarding the East Hanover property, contact Curtis Nassau or Daniel Zappala, Ripco Real Estate,125 Chubb Avenue, Suite B, Lyndhurst, NJ 07071; 201-777-2300, Fax 201-7772314; Email: cnassau@ripconj.com; Web site: www.ripconj.com. For more information regarding Edgewater Marketplace, contact Alison Horbach or Michael Rawlins; Email: ahorbach@ripconj.com. For more information regarding Hillsborough Promenade, contact Michael Rawlins, Curtis Nassau or Ira Kerner; Email: mrawlins@ripconj.com.

Mahwah – Route 17 Plaza, located along Route 17 South, has a space of 4,697 sq.ft. available, which can be divided. Cotenants include AT&T Mobility and Starbucks. The average daily traffic count is 76,000 vehicles. The asking rent is $50 psf. Ridgewood – Retail spaces are available at a center located along Route 17 South at Linwood Avenue. Cotenants include Freedom Bank, Starbucks and AT&T Mobility. The average daily traffic count is 109,000 vehicles. The asking rent is $45 psf NNN. For more information, contact Landmark Real Estate Co., LLC, 392 Main Street, Wyckoff, NJ 07481; 201-560-1800.

Garfield – The Mill Shoppes of Garfield, located at the intersection of River Drive and Outwater Lane, has spaces available. Cotenants include Wawa and Investors Bank. Area demographics include a tradearea population of over 650,000 within a fivemile radius. The asking rent is $35 psf NNN.

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mcweiner.com Page 92 | May 22, 2015

(continued on page ninety-four)

YEARS

SINCE 1948

Joshua T. Weiner Timothy A. Timmons

Paramus – Paramus Place, a 261,300 sq.ft. center located at the intersection of Route 4 and Spring Valley Road, has a 41,312 sq.ft. endcap available. Cotenants include Kohl’s, AC Moore, Modell’s, Panera Bread, Party City, Lane Bryant and Annie Sez. Area demographics include a population of 566,014 within five miles earning $91,034 as the average household income. The average daily traffic count is 141,127 vehicles. For more information, contact Jake Frantzman, Levin Management Corp., 975 Route 22 West, North Plainfield, NJ 07060; 908-226-5266; Email: jfrantzman@levinmgt.com.

A Full Service Real Estate Organization in Upstate New York Representing 2,000,000 Square Feet of Retail Space Including the Following Tenants: Advance Auto • Big Lots • Family Dollar Five Guys • Texas Roadhouse • Subway Panda • Ace Hardware • Dunkin Donuts Harbor Freight Tools • McDonalds Barry Feinman • Kenneth Brownell Paul Bulmer • Steven Lerner Christopher Farrell • David Welcome Visit us at ICSC RECon • South Hall – S3342 www.vanguardfine.com 1529 Western Ave, Suite #102 / Albany, New York 12203 518.862.0861 Dealmakers Magazine | www.dealmakers.net


With 60 years of development experience , Lone Star Equities, Inc. provides prime properties for all. We are actively looking to expand our tenancy and our existing property portfolio. PROPERTY AVAILABILITIES

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Former CUNA Insurance Building Waverly, IA Office Space 45,217 SF

Parklane Plaza Rutherfordton, NC Fred’s 5,648-7,552 SF

KENTUCKY

OHIO

Lebanon Trade Center Lebanon, KY Subway, Hibbet Sports 1,300-15,800 SF

Snowville Plaza Shopping Center Parma, OH Dollar General 2,000-12,000 SF

Adamsville Shopping Center Adamsville, AL Super Dollar, Outlot Parcel Avail. 20,593 SF Cherokee Plaza Shopping Center Centre, AL Dollar General, Goody’s, Fred’s, Hibbet Sports 2,000-30,000 SF ARIZONA North Park Plaza Shopping Center Winslow, AZ Subway, Hibbet Sporting Goods, Snap Fitness 5,500-15,000 SF INDIANA One Stop Shopping Center La Porte, IN Family Dollar, Dollar General, 2,600-5,000 SF

LOUISIANNA Sunset Village Shreveport, LA Burger King, Super Market Anchor 5,775-28,500 SF

TENNESSEE Commercial/ Office Space Cookeville, TN 32,700 SF

Eastgate Shopping Center Franklinton, LA Dollar General, Dirt Cheap 225-6,240 SF

Ask About Our Various Opportunities Across The Nation

Contact us today to set up an appointment to meet with our leasing representatives.

Elan Oved | elan@lseint.com Richard Davies | nyo@lseint.com 100 Atlantic Avenue | Lynbrook, NY 11563 | Tel: 516.599.3700 Fax: 516.599.0992 | www.lseint.com


SPACE PLACE New York (continued from page ninety-two)

Bay Shore – A 1,450 sq.ft. space is available at Bay Shore Commons. Cotenants include Stop & Shop, Rent-a-Center and Retro Fitness. Bethpage – A 4,800 sq.ft. space is available at Bethpage Plaza. Cotenants include Dunkin Donuts and Wells Fargo. Hauppauge – Spaces from 1,126 sq.ft. to 2,285 sq.ft. are available at Adams Commerce Plaza. Cotenants include The Grill Room, Blimpie and Dunkin Donuts. For more information, contact Charles Hirsch or Pascal Spagna, Milbrook

New York Properties, 516-829-1240; Web www.milbrookproperties.com.

New York site:

Bronx – Throggs Neck Shopping Center, located at the intersection of Hutchinson River Parkway and Lafayette Avenue, has spaces from 500 sq.ft. to 8,900 sq.ft. available. Cotenants include Target, T.J. Maxx, Starbucks, Sleepy’s, T-Mobile, Chipotle, BX Sports and Applebee’s. Area demographics include a population of 444,208 within three miles earning $47,138 as the median household income.

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www.tenantsearch.com | 1.800.732.5856 Page 94 | May 22, 2015

Brooklyn – A 1,960 sq.ft. ground floor retail space, with a basement, is available along North 6th Street, between Berry Street and Wythe Avenue. Area retailers include Madewell, American Apparel, Urban Outfitters, Toby’s Estate and J. Crew. Also – A 3,000 sq.ft. ground floor retail space, with a 1,380 sq.ft. basement, is available along Joralemon Street at Court Street. Area retailers include Sephora, SoulCycle, Neiman Marcus Last Call, Yoga Works and Trader Joe’s. For more information regarding Throggs Neck Shopping Center, contact Miles Mahony or Dillon Fraoli, Ripco Real Estate, 150 East 58th Street, 15th Floor, New York, NY 10155; 212-750-6565, Fax 212-750-6767; Email: mmahony@ripcony.com; Web site: www.ripcony.com. For more information regarding the site on North 6th Street, contact Andrew Clemens or Ben Weiner. For more information regarding the site along Joralemon Street, contact Peter Ripka, Jason Pennington or Zach Nathan, Email: pripka@ripcony.com. Brooklyn – A 2,400 sq.ft. street level retail space is available at the intersection of Hicks Street and Henry Street. Area retailers include Banana Republic, Loft, Starbucks, Chipotle, Le Pain Quotidien and Five Guys Famous Burgers & Fries. The asking rent is $125 psf. Also – The Edge, a mixed-use center located along Kent Avenue, has a space of 20,000 sq.ft. available. Area retailers include J. Crew, Urban Outfitters, Madewell, Apple, Whole Foods Market, Umani Burger, The Meatball Shop and American Apparel. The asking rent is $95 psf. For more information, contact Jason Richter, Hudson, 25 East 21st Street, New York, NY 10010; 212-579-7000; Email: jr@hudsonre.com. Commack – Commack Shopping Center, a 345,000 sq.ft. center located at the intersection of Jericho Turnpike and Veterans Memorial Highway, has spaces of 1,217 sq.ft., 1,496 sq.ft., 3,300 sq.ft. and 3,806 sq.ft. available. Cotenants include Michaels, Petco, Macy’s, Five Guys Famous Burgers & Fries, Lucille Roberts, Joyce Leslie and Jenny Craig. Area demographics include a population of 197,491 within five miles earning $128,033 as the average household income. Manhattan – Lower level, ground floor and second floor retail spaces are available along Madison Avenue, between 51st Street and 52nd Street. Area retails include Saks Fifth Avenue, Thorneau, Burberry, Talbots and Pink. St. Patrick’s Cathedral is adjacent to the site. (continued on page one hundred six)

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ICSC RECON 2015 - CONVENTION FLOOR PLAN

North Hall

SATURDAY, MAY 16

IMPORTANT DATES & TIMES

Registration

SUNDAY, MAY 17

Registration Keynote & Opening Session w/ Peyton Manning Specialty Leasing & Dealmaking ICSC Foundation Gala Opening Reception

TUESDAY, MAY 19 12:00pm – 6:00pm 8:00am – 5:00pm 1:00pm – 2:00pm 4:00pm – 5:00pm 6:00pm – 9:30pm 7:30pm – 9:30pm

Registration Meet the Trustees Breakfast Leasing Mall/Marketplace Mall/SPREE RECon Lunch & Keynote Presentation w/ Michael R. Francis

WEDNESDAY, MAY 20

Registration Leasing Mall/Marketplace Mall/SPREE RECon

6:30am – 5:00pm 7:00am – 8:30am 8:00am – 5:00pm 12:30pm – 2:00pm 7:00am – 2:00pm 8:00am – 2:00pm

MONDAY, MAY 18

Registration 7:00am – 5:00pm Leasing Mall/Marketplace Mall/SPREE RECon 8:00am – 5:00pm Lunch & Keynote Presentation w/ Stefan Larsson 12:30pm – 2:00pm Cities of the World Presentation 3:30pm – 5:00pm Diversity Reception 5:30pm – 7:30pm SPREE RECon Cocktail Reception 5:30pm – 8:30pm Latin America Reception 8:00pm – 11:00pm

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ICSC RECON 2015 - CONVENTION FLOOR PLAN

VISIT OUR RECHARGE AREA AND ENTER TO WIN GREAT PRIZES! S283 Q STREET

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May 22, 2015 | Page 99


THE DEALMAKERS STATE OF THE INDUSTRY 2015 (continued from page forty)

“Chains that need to preserve capital are these ones looking for ground leases.” Weingarten Realty Investors added, “With the NNN market being so attractive, we are seeing more pad sales than ground leases, where tenants can self-develop and transact a sale-leaseback.” Sears recently closed the mammoth of all sale-leasebacks with its most recent joint venture with Simon Property Group on the heels of a similar arrangement with General Growth Properties, along with Seritage Growth Properties, a REIT formed by Sears Holding Corp., in an effort to raise $2.5 billion. Lack of land is the biggest challenge It’s incredible how much time it facing developers takes to get deals done when we in their attempt to have technology, in theory that meet the demands of retailers in need should speed things up. of new locations. Wadleigh explained, “Land for new development is scarce, and consequently, developers are repurposing or re-tenanting existing assets. Lack of affordable land and rents not increasing, while construction costs have gone up significantly over the last couple years is a challenge.” Cram added “Good land sites are hard to find as the competition is heating up. Tears downs, i.e., old Kmart stores especially, or renovations, such as to office supply stores, are now about 50% of the deal flow that I see versus ground up development. There is a lack of large scale projects. I also expect land costs to increase by 10% to 15% this year and by 15% to 25% next year. By this time next year, good land sites will be extremely hard to find.” Shumacher anticipates “10% to 20% increases in land costs depending on the area.” Ken Simon, Principal of Heidenberg Properties Group, said, “Land costs and entitlements, both in time and expense, are slowing down the development process.” Weingarten Realty Investors noted, “Competition to acquire and escalating land prices are the challenges we face today. We have also seen multi-family developers significantly driving up land costs in nearly all growth markets. Also, urban infill is in vogue right now and in high demand.” Winters explained, “Inflated land and construction costs are creating a difficult climate for new development.” Gang noted, “In New York City, costs for vacant land are at an all-time high, keeping many investors on the sidelines for now.” Shumacher also added, “Unrealistic expectations from municipalities are also hindering new development.” Andrew Pearl, Vice President of Investment Management Associates, Inc., a Florida-based company offering leasing and sales, as well as tenant representation, concurred and stated, “Land costs, impact fees and municipality requirements make development even more challenging.” Ken McEvoy, Principal of Equity Retail Brokers, explained, “Regulations imposed by the local and federal government places unrealistic burdens on developers.” Schwartz added, “It’s difficult to be the last guy ‘in’ to an established market and it can be an uphill fight.” Costs for vacant land in New York City are noted as being at an all-time high.

As of now, there is a steady pipeline of retail assets on the market to be sold. Brad Hutensky of Hutensky Capital Partners, explained, “We have had luck buying properties Page 100 | May 22, 2015

that are not on the market, and in many cases, we buy from owners with debt that is more than the property’s value. This will be more of an issue in the next few years as large amounts of securitized loans come due, some of which have a face amount less than the shopping center’s worth. However, there is a lot of capital that is so intent on finding a home that it disregards risk and real estate fundamentals and pays more for property than it is worth.“ Winters said, “Yes, there are slightly more acquisition opportunities available this year.” McEvoy added, “At the moment, the market is still active with availabilities, however at this particular time there are slightly less properties available on a listed basis.” Cram explained, “There’s no shortage of good net-lease product.” Weingarten Realty Investors has observed, “Some increase in offerings over the past quarter, and anticipates seeing more as interest rates, followed by Cap rates, move up.” Wadleigh explained, “Financing is not an issue and lenders are very competitive. Finding a decent yield is challenging.” Cram commented, “Once 1031 Tax Free Exchanges are eliminated, the private investor activity will diminish by 40% to 50%.” Schwartz added, “The lender community is back. Although underwriting requirements are more stringent and the lender community has grown smaller, there is lots of capital available for the right project in the better markets.” Cram also noted, “Crowd funding will change how deals are done in the future.” REITs continue the hot pursuit to acquire shopping centers, especially grocery-anchored sites. Winters anticipates, “REITs will remain in acquisition mode as they continue to recycle their bottom assets into higher quality assets.” McEvoy added, “The pace of REIT activity will continue as the nature of the beast is to grow and make smart economic moves for their shareholders. We could see strategic moves to different regions of the country to continue to offer competitive yields.” Weingarten Realty Investors concurred noting, “Public REITS will continue to compete against private equity and institutional buyers.” Cram issued a disclaimer, “Yes, REITs will continue to acquire retail assets as long as they can find the product and in the event interest rates rise significantly, that could kill their appetite for acquisitions.” REITs are not only expected to maintain an insatiable appetite for buying individual assets, but also fueling growth by acquiring other REITs. Forecasts for rising interest rates anticipate a nominal In the Digital Age, writing a fluctuation to remaining new set of standards for our flat. Cram expects, “Short term LIBOR will be 50 to industry is inevitable. 75 basis points.” McEvoy noted, “Following the 10 Year Treasury, as well as Federal Reserve rumors, I’d anticipate a 50 basis point increase in the current rates.” Simon said, “Interest rates will edge up slightly.” Shumacher concurred along with Wadleigh that any fluctuation would be slight. Winters expects, “interest rates to remain stable until the next presidential election.” Weingarten Realty Investors projects a 1.5% to 2% bump. Schwartz explained, “I expect interest rates to rise, but how much higher, is anyone’s guess. The fluctuation of interest rates will have a direct correlation to the strength of the U.S. dollar. The value of the Canadian dollar has deflated by 20% and the euro is of concern, too. The differential in the value of the Canadian dollar when Target entered the market compared to the deflation as they exit Canada is substantial.” Winters added, “Rising interest could be of concern for the next year or two.” (continued on page one hundred two)

Dealmakers Magazine | www.dealmakers.net


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STATE OF THE INDUSTRY 2015 (continued from page one hundred)

Prevailing Cap rates are at an all-time low. Simon described current Cap rates as “dangerously low.” Wadleigh explained, “They are too low right now due to lack of supply of quality product for sale.” Cram added, “It’s insane, but when compared to bond yields, one can say real estate is a good investment for fixed-income assets. If you have to place funds, then real estate will probably cause the least amount of buyer’s regret as interest rates rise again.“ McEvoy noted, “I think we’ve hit bottom, although you see offerings with 4 Cap rates and even occasionally as low as a 3 Cap rate; I can’t imagine a reason to justify anything lower. I expect Cap rates will follow interest rates at a ratio of .35 to .50 to interest rate increases.” Weingarten Realty Investors added, “Cap rates will follow rising interest rates.” Shindleman expects “Cap rates to drift down on better assets and remain stable on others.” Hutensky added, “Cap rates will not rise in step with interest rates, but rather be more a function of each asset’s risk and relative to other opportunities.” McEvoy said, “The IRC Section 1031 has proposed changes in the 2015 federal budget. If these changes are adopted, I anticipate a significant impact on Cap rates.”

For the past 30 years, The Dealmakers has reported that the biggest problem in our industry is the turnaround time to close a deal. Both the leasing and acquisition sides loudly complained about the process taking too long from beginning to end for most transactions in the retail real estate industry. For the first time, shopping center executives voiced the need to employ more technology and help streamline the dealmaking process for leasing and acquisition transactions. Shumacher explained, “It’s incredible how much time it takes to get deals done when we have technology, in theory that should speed things up.” Simon said, “The LOI process has become a mini lease negotiation without attorneys. It was meant to speed up the process, however it has become too detailed and thus slows the process.” Lanyard added, “Even for small space, it takes too much time to finalize deals.” Cram explained, “There are cloud-based applications that would help. We still use too much paper/email and it slows down the process. Retailers should have lease negotiations through an online data room to help streamline the process. Unfortunately, most heads of retailer’s real estate departments are within five years of retirement and are playing

out the clock. The lack of real estate talent coming up will cause real estate departments to be more efficient in the future. It’s starting to happen in the finance world. By 2020, the days of emailing draft loan documents back and forth will be gone. In 10 years, it will be looked upon the same as faxing pages back and forth.” Schwartz concluded, “Our industry has become more complicated and sophisticated. The rate of change is faster than most people would have imagined.” The state of the shopping center industry is promising, both with financial rewards and with reshaping the future of retailing. Growing pains are on the horizon as we all learn to maximize technology and protect the in-store shopping experience, as well as forecast and measure retail sales in a marriage of physical and virtual merchandising. Addressing these omnichannel retailing issues within our leases, physical layout of stores and financing will be part of the evolution, as will the integration of technology to help streamline the transactional side of our business. In the Digital Age, writing a new set of standards for D our industry is inevitable. M

OPTIMIZE YOUR TENANT MIX ANALYSIS • MODELING • STRATEGY • PROSPECTING

VISIT US AT ICSC RE CON BOOTH S 283 Q STREET

1.800.732.5856 ann@dealmakers.net Page 102 | May 22, 2015

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DEPG Changing the Face of Retail in the

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ICSC


SPACE PLACE New York (continued from page ninety-four)

For more information regarding Commack Shopping Center, contact Randall Briskin, The Feil Organization, 7 Penn Plaza, New York, NY 10001; 212-563-6557 Ext. 218, Fax 212563-6657; Email: rbriskin@feilorg.com; Web site: www.feilorg.com. For more information regarding the spaces in Manhattan, contact Randall Briskin or Nicholas Forelli, Ext. 275, Email: nforelli@feilorg.com. Harlem – A 1,737 sq.ft. ground floor space, with a 532 sq.ft. basement, is available along 125th Street, between Frederick Douglas Boulevard and Adam Clayton Powell Boulevard. Area retailers include Whole Foods Market, Burlington, Olive Garden, American Eagle Outfitters, Old Navy, DSW, Party City and Banana Republic Factory Store. For more information, contact Henry Goldfarb or Stan Lindenfield, Lee & Associates, 212-776-1293/1292; Email: hgoldfarb@lee-associates.com. Howard Beach – Up to 20,000 sq.ft. of space is available at the intersection of Cross Bay Boulevard and North Conduit Avenue. Area retailers include Waldbaum’s, Capital One Bank, Chase Bank, CVS, Gold’s Gym, Starbucks, KFC and McDonald’s. Area demographics include a population of 33,955 within one mile earning $68,315 as the median household income. For more information regarding the Howard Beach property, contact Greg Batista or Michael Kearney, Sabre Real Estate Group, LLC, 500 Old Country Road, Garden City, NY 11530; 516-874-8070 Ext. 515/507; Email: greg@sabreny.com; Web site: www.sabreny.com. Rye – A 2,800 sq.ft. ground floor space, with a 3,200 sq.ft. second floor space and a basement, is available at a building along Purchase Street. For more information, contact Pamela Strauss, Retail Strategies, 235 Main Street, Suite 330, White Plains, NY 10601; 914921-6100, Fax 914-921-6312; Email: pstrauss@retailstrategiesre.com. Smithtown – A 4.25-acre site is available for sale or lease along Main Street/Route 25. Area retailers include Stop & Shop. Area demographics include a population of 193,164 within five miles earning $120,277 as the average household income. The average daily traffic count is 32,000 vehicles. West Hempstead – West Hempstead Center, located at the intersection of Broad Street and Page 106 | May 22, 2015

New York

North Carolina

Hempstead Turnpike, has spaces available. Area demographics include a population of 647,882 within five miles earning $111,170 as the average household income. For more information regarding the Smithtown property, contact Judy Pascucci, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 216; Email: jpascucci@breslinrealty.com; Web site: www.breslinrealty.com. For more information regarding West Hempstead Center, contact Robert Delavale, 516-741-7400 Ext. 230; Email: rdelavale@breslinrealty.com.

For more information, contact Joe Rayfield, Horne Properties, Inc., 412 North Cedar Bluff Road, Suite 205, Knoxville, TN 37923; 865-560-1108; Email: jrayfield@hpiknox.com.

Staten Island – A 2,504 sq.ft. ground floor retail space with a drive-thru is available along St. Marks Place. The asking rent is $45 psf NNN. For more information, contact Casandra Properties, Inc., 718-816-7799; Email: info@casandraproperties.com; Web site: www.casandraproperties.com.

Greensboro – High Point Shopping Center, located along High Point Road, has a space of 16,455 sq.ft. available. Cotenants include Burlington, Office Depot, Ichiban Grill Supreme Buffet, Chili’s and Little Caesar’s. Area demographics include a population of 180,277 within five miles earning $66,748 as the average household income. The average daily traffic count is 33,000 vehicles. For more information, contact Paragon Management Group, LLC, 276 Post Road West, Suite 201, Westport, CT 06880; 888255-3188, Fax 203-221-7078; Web site: www.paragonct.com.

Victor – Fishers Landing, located along Victor-Pittsford Road, has spaces available. Cotenants include Monroe Muffler, SherwinWilliams and Lifetime Stainless Steel. Area demographics include a population of 32,327 within five miles earning $112,950 as the average household income. The average daily traffic count is 35,989 vehicles. For more information, contact Michael Smith or Jonathan Dower, DiMarco Group, 1950 Brighton-Henrietta Town Line Road, Rochester, NY 14623; 585-672-5000; Email: michael.smith@dimarcogroup.com. Woodside – A ground floor space of up to 3,500 sq.ft., with a basement, is available at the intersection of 48th Avenue and 43rd Street. Area demographics include a population of 71,727 within one mile earning $46,897 as the median household income. For more information, contact Marc Durst, Sholom & Zuckerbrot Realty, LLC, Kaufman Astoria Studios, 35-11 35th Avenue, Long Island City, NY 11106; 718-3925959 Ext. 122, Fax 718-729-3853; Email: mdurst@s-z.com.

North Carolina Asheville – River Ridge Market Place, a 200,000 sq.ft. center located at the intersection of Interstate 240 and Fairview Road, has spaces from 1,200 sq.ft. to 9,732 sq.ft. available, as well as a 0.32-acre outlot. Cotenants include AC Moore, Hamrick’s, CVS, Hancock Fabrics, Rugged Wearhouse and Dress Barn.

Clemmons - Kinnamon Village, a 64,063 sq.ft. retail center located at the intersection of Clemmons Road and Kinnamon Road, has inline spaces from 1,500 sq.ft. available, along with a potential restaurant space of 5,400 sq.ft. Food Lion anchors center. For more information, contact John Katsias or Cole Werkheiser The Katsias Co., 757490-3585, www.katsias.com.

Ohio Cincinnati – Anderson Towne Center, a 303,961 sq.ft. center located at the intersection of Beechmont Avenue and Five Mile Road, has spaces of 1,500 sq.ft. and 2,600 sq.ft. available. Cotenants include Carraba’s, Macy’s, Kmart and Lenscrafters. Area demographics include a population of 98,631 within five miles earning $89,619 as the average household income. The average daily traffic count is 33,700 vehicles. For more information, contact Shane Brownlee or George Singer, Victory Real Estate Investments, 240 Brookstone Centre Parkway, Columbus, GA 31904; 800-4357834/706-327-4774, Fax 706-327-4413; Email: sbrownlee@vrei.net.

Oklahoma Ardmore – Mountainview Mall, a 262,619 sq.ft. center located at the intersection of 12th Avenue and Commerce Street, has spaces available. Cotenants include JC Penney, Goody’s, Stage, Hobby Lobby, Hibbett Sports and Staples. Area demographics include a trade-area population of 124,800 earning $45,149 as the average household income. (continued on page one hundred eight)

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Green Brook Home Décor Center Route 22 East • Green Brook, NJ 12,500 sf End Cap Available W ith Plyon Signag e

Join Furniture Row along Route 22 East Within a mile of the Green Brook Home Décor Center home furnishing stores include: • Ashley Furniture • Basset Furniture • Value City Furniture • Bob’s Discount Furniture • Sleepy’s • King Dinettes • Crest Furniture • AB Futon • Unique Furniture Source • Almost Below Cost Furniture & Bedding • Green Brook Furniture • Kitchens Etc... • Fabric Collection • Kitchen Fabulous Cabinetry & Countertop • HK Home Supplies / The Granite Magic

Bone Fish Grill anchors Green Brook Home Décor Center and caters to an upscale customer with a full bar and fresh seafood. • Traffic Counts exceed 52,000 cars daily • Dense Retail Corridor on Rte. 22 East • High incomes of $106,393 immediate trade area • Captive shopper for home décor & furnishings • Easy access with two curb cuts • Excellent Visibility and Pylon Signs • Well Maintained by its local landlord

Demographics Population Households Avg. HH Inc.

1-mile 9,713 3,282 $106,393

3 miles 74,667 30,328 $85,346

For Leasing Information contact: Irv Cyzner • Cyzner Properties 908-413-4817 • irv@cyznerproperties.com www.cyznerproperties.com

5 miles 232,675 70,603 $96,926


SPACE PLACE Oklahoma (continued from page one hundred six)

For more information, contact Bill Arsenault or Dwayne Collins, Burk Collins & Co., Ltd., 817-268-5489/405-670-9588, Fax 817-268-2240/405-670-2929; Web site: www.burkcollinscompany.com.

Pennsylvania Oaks – The Marketplace at Oaks, a mixeduse center located at the intersection of Mill Road and Egypt Road, has inline spaces from 1,250 sq.ft. to 60,000 sq.ft. available, along with four restaurant pad sites from 5,000 sq.ft. to 10,000 sq.ft. Cotenants include Lowe’s Home Improvement, Target, BJ’s Wholesale Club, Regal Cinema, Retro Fitness, Lumber Liquidators, Great Clips, Bob Evans and Cheeburger Cheeburger. Area demographics include a population of 122,313 within five miles. For more information, contact Jack Corcoran, Legend Properties, 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034, Fax 610-941-4038; Email: jcorcoran@lpre.com; Web site: www.lpre.com. Philadelphia – The Shops at Liberty Place, located along Chestnut Street, has an anchor space of 20,870 sq.ft. available. Area retailers include Theory, Cole Haan, Saxby’s, Club Monaco, Kiehl’s, Williams-Sonoma, J. Crew, Morton’s The Steakhouse and The Capital Grille. Area demographics include a population of 82,104 within one mile earning $83,596 as the average household income. For more information, contact Andi Pesacov, Cushman & Wakefield of Pennsylvania, Inc., 215-963-4090; Email: andi.pesacov@cushwake.com. Philadelphia – 9th Street Marketplace, located at the intersection of Girard Avenue and 9th Street, has spaces from 1,647 sq.ft. to 3,000 sq.ft. available. Cotenants include Dollar General, The Laundry Café, Pizza Hut Express and 9th Street Pharmacy. The average daily traffic count is 14,000 vehicles. Also – The Shops at Schmidt’s, located at the intersection of Girard Avenue and 2nd Street, has spaces from 1,600 sq.ft. to 2,718 sq.ft. available. Cotenants include Superfresh, Family Dollar, Unleashed by Petco, T-Mobile and Royal Bank America. The average daily traffic count is 22,420 vehicles. For more information, contact David Dunkelman, Soloff Realty & Development, Inc., One Presidential Boulevard, Suite 202, Bala Cynwyd, PA 19004; 610-834-0400; Email: david@soloffretail.com. Page 108 | May 22, 2015

Pennsylvania

South Carolina

Wilkes-Barre – A 329,492 sq.ft. center located at the intersection of Mundy Street and Highland Park Boulevard, has spaces of 3,599 sq.ft. and 13,831 sq.ft. available. Cotenants include Target, Bob’s Discount Furniture, Babies “R” Us, Ross Dress for Less, Marshalls, Petco, Dress Barn, Famous Footwear and Smokey Bones. Area demographics include a population of 113,336 within five miles earning $51,464 as the average household income. For more information, contact Urban Edge Properties, 888 Seventh Avenue, 6th Floor, New York, NY 10019; 212-956-2556; Web site: www.uedge.com.

available. Cotenants include Kmart, Jackson Hewitt, Rent-A-Center, Sally Beauty Supply, Chick-Fil-A, Taco Bell and Olive Garden. Area demographics include a population of 48,203 within five miles earning $52,082 as the average household income. For more information, contact James Goldsmith, Gator Investments, 1595 Northeast 163rd Street, North Miami Beach, FL 33162; 877-459-9605; Email: sales@gatorinvestments.com; Web site: www.gatorinvestments.com.

York – An 11,605 sq.ft. space, which is sub-dividable, is available along Loucks Road.Area demographics include a population of 140,602 within five miles earning $63,668 as the average household income. For more information, contact Wilay Boensch, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373 Ext. 616, Fax 717560-9909; Email: wboensch@lms-pma.com; Web site: www.lms-pma.com.

Rhode Island Warwick – Shops at Greenwood, a 246,031 sq.ft. regional center located along Greenwich Avenue, has inline spaces available. Cotenants include Stop & Shop, Lowe’s, Sleepy’s, Subway, Scottrade and Hair Cuttery. Area demographics include a population of 189,989 within five miles earning $73,809 as the average household income. For more information, contact Mark Briggs or Peter Flynn, Carpionato Group, 1414 Atwood Avenue, Johnston, RI 02919; 401-273-6800 Ext. 149/141; Email: mbriggs@carpionatogroup.com; Web site: www.carpionatogroup.com.

South Carolina Conway – Coastal Centre, located at the intersection of US Highway 501 and 16th Avenue, has spaces of 3,453 sq.ft. and 13,754 sq.ft. available. Cotenants include Kmart, Dollar General, Goody’s, Rite Aid, Citi Trends, Belk and Rent-A-Center. Area demographics include a population of 31,391 within five miles earning $51,005 as the average household income. Myrtle Beach – Kings Festival Shopping Center, located at the intersection of North Kings Highway and 13th Avenue North, has a space of 7,500 sq.ft.

Ft. Mill – Shops of Publix at Gold Hill, located along Gold Hill Road, has inline spaces of 4,400 sq.ft., 6,600 sq.ft. and 7,200 sq.ft. available, along with a 1.01acre outparcel. Cotenants include Publix. Area demographics include a population of 35,725 within three miles earning $92,321 as the average household income. The average daily traffic count is 20,300 vehicles. For more information, contact Amanda Steidtmann, Crossman & Co., 678-920-1996; Email: asteidtmann@crossmanco.com; Web site: www.crossmanco.com. Mt. Pleasant – Belle Hall Shopping Center, a 297,737 sq.ft. center located at the intersection of Long Point Road and I-526, has a space of 30,187 sq.ft. available. Cotenants include Harris Teeter, PetSmart and Stein Mart. Area demographics include a population of 46,628 within five miles earning $88,743 as the median household income. For more information, contact Patrick Russell, American Asset Corp., 704-2954006; Email: prussell@aacusa.com; Web site: www.aacusa.com.

Tennessee Murfreesboro – The Shoppes at Gateway Corner, located at the intersection of Medical Center Parkway and North Thompson Lane, has a space of 2,543 sq.ft. available. Cotenants include Egg & I and Pure Barre. Area demographics include a population of 118,173 within five miles earning $66,123 as the average household income. For more information, contact Rhonda Thomas, Resource Realty, 615-595-2450.

Texas Argyle – Argyle Town Village, a 62,000 sq.ft. center located along US Highway 377, has spaces from 1,000 sq.ft. to 16,000 sq.ft. available, as well as a 52,000 sq.ft. pad (continued on page one hundred ten)

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Virginia

site available for sale or ground lease. Area demographics include a population of 8,248 within three miles earning $141,828 as the average household income. The asking rent is $24 to $26 psf NNN. For more information, contact Barrett England or Roger Smeltzer, Vision Commercial Real Estate, 817-803-3287; Email: barrett@visioncommercial.com.

Burleson – Burleson Shopping Center, an 18,525 sq.ft. strip center located at the intersection of Wilshire Boulevard and Miles Avenue, has a space of 1,200 sq.ft. available. Area retailers include Target, Walmart, Hobby Lobby and HEB. For more information, contact Clint Montgomery, Sperry Van Ness, 817-2885525; Email: clint.montgomery@svn.com; Web site: www.svn.com.

Amarillo – The Forum at Soncy, located at the intersection of 34th Street and Soncy Avenue, has spaces of 1,495 sq.ft. and 5,066 sq.ft. available. Cotenants include Coldwater Creek, Chico’s, Jos. A. Bank, Kirkland’s Home, Justice, Lane Bryant, Guitar Center, World Market and Pei Wei. Area demographics include a population of 46,231 within three miles earning $74,010 as the average household income. The average daily traffic count is 40,000 vehicles. For more information, contact Gary Andrews, Graco Real Estate Development, Inc., 806-745-9718, Fax 806-748-1757; Email: gary@gracorealestate.com; Web site: www.gracorealestate.com.

Houston – North Junction Shopping Center, located at the intersection of Interstate 45 and FM 1960, has spaces from 2,000 sq.ft. to 4,000 sq.ft. available, along with a 0.25 acre pad site, available for ground lease. Cotenants include PetSmart, AT&T, Jackson Hewitt, Golf Warehouse and Subway. Area demographics include a population of 259,706 within five miles earning $67,347 as the average household income. For more information, contact Court Richardson or Andrew Bagnall, Stream Realty Partners, 713-300-0267/0296; Email: crichardson@streamrealty.com; Web site: www.streamrealty.com.

Chesterfield – Pad sites of up to 10.3 acres are available for ground lease or build to suit at the intersection of Hull Street Road and Ashlake Parkway. Area retailers include Hobby Lobby, Dick’s Sporting Goods, Five Below, Walmart and Longhorn Steakhouse. Area demographics include a population of 38,837 within three miles earning $106,649 as the average household income. The average daily traffic count is 69,000 vehicles along Hull Street Road. For more information, contact Ellen Long, Taylor Long Properties, 10142 West Broad Street, Glen Allen, VA 23060; 804-8649788 Ext. 101, Fax 804-864-9789; Email: ellenlong@taylorlongproperties.com; Web site: www.taylorlongproperties.com.

(continued from page one hundred eight)

Page 110 | May 22, 2015

Falls Church – A 5,484 sq.ft. restaurant is available at a center along Lee Highway. Cotenants include Safeway, The Original Pancake House, Rite Aid, Unleashed by Petco, The Little Gym and Verizon Wireless. For more information, contact Nora Collins, Edens, 301-347-3986; Email: ncollins@edens.com; Web site: www.edens.com. DM

Dealmakers Magazine | www.dealmakers.net


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MOST VALUABLE PLAYERS Learning Experience, The........................................................ Pg. 35

RJ Brunelli............................................................................... Pg. 79

Legend Properties, Inc........................................................... Pg. 103

Royal Properties, Inc.......................................................... Pg. 75, 87

Levin Management............................................................Pgs. 12-13

Shindico.................................................................................. Pg. 57

LMS Commercial Real Estate................................................... Pg. 77

Silbert Realty & Management Company, Inc............................ Pg. 78

Lone Star Equities, Inc............................................................. Pg. 93

Simone Development Companies.......................................... Pg. 101

Mehlich Associates.................................................................. Pg. 86

Sutton Real Estate Company, LLC............................................ Pg. 84

Meyer C. Weiner Company..................................................... Pg. 92

TenantSearch........................................................................... Pg. 94

Milbrook Properties, Ltd.......................................................... Pg. 43

TKO Real Estate Advisory Group........................................... Pg. 102

N3 Real Estate......................................................................... Pg. 53

U.S. Properties Group.............................................................. Pg. 71

Nassimi Realty, LLC................................................................. Pg. 65

Urstadt Biddle Properties, Inc.................................................. Pg. 23

Paramount Realty Services, Inc................................................ Pg. 77

Vanguard-Fine, LLC................................................................. Pg. 92

Pierce Hardy Limited Partnership............................................. Pg. 72

Village of Lakemoor, Illinois.................................................... Pg. 76

RD Management LLC........................................................Pgs. 47-50

Weingarten Realty................................................................... Pg. 39

Reliable Properties................................................................... Pg. 33

Weiss Realty............................................................................ Pg. 81

Retail Brokers Network..................................................Pgs. 104-105

Winick Realty Group LLC..................................................Pgs. IFC, 3

Ripco Real Estate..................................................................... Pg. 19

Zelnik & Company, LLC.......................................................... Pg. 17

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SOME THINGS CHANGE...

OTHERS STAY THE SAME Cash Buyer seeking: Owners of 725 properties 30 million SQFT in 45 states 50 years of acquiring nnn properties

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Dealmakers Magazine | May 22, 2015  

ICSC RECon 2015

Dealmakers Magazine | May 22, 2015  

ICSC RECon 2015

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