Dealmakers Magazine | May 28, 2010

Reporting The Nation’s Weekly News on Retailing & Retail Real Estate

Volume XXV No. XIX

May 28, 2010

Apparel Chains Expand Nationwide 10 Spot / MadRag operates 40 locations throughout CT, FL, MA, NJ, NY, PA and RI. The stores, offering discounted women’s plus-size and junior apparel, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in power and strip centers, as well as urban/downtown areas and enclosed malls.

Growth opportunities are sought throughout the existing markets during the coming 18 months.

Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Ideal 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, 30 Seaview Drive, Secaucus, NJ 07094; 201-319-1400 Ext. 118, Fax 201-319-0111; Email: nathan@10spotplus.com; Web site: www.10spotplus.com.

David’s Bridal operates 300 locations nationwide. The stores, offering bridal gowns, bridesmaid dresses, party dresses, tuxedos, accessories and invitations, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in regional markets.

Growth opportunities are sought throughout the metropolitan areas of Baltimore, MD and Washington, DC during the coming 18 months, with representation by Sax Realty, Inc. For more information, contact Les Sax, Sax Realty, Inc., 4931 Cordell Avenue, Bethesda, MD 20814; 240-497-1192, Fax 240-4971070; Email: lsax@saxrealty.com; Web site: www.saxrealty.com.

Dots, LLC trades as Dots at 400 locations throughout the northeastern, midwestern, southeastern and mid-Atlantic regions of the U.S., as well as TX. The stores, offering women’s apparel and accessories, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for 50 openings throughout the northeastern, midwestern, southeastern and southern regions of the U.S. during the coming 18 months. Typical leases run five years with three, five-year options. Ideal cotenants include grocery stores, Target and Walmart.

Preferred demographics include a population of 75,000 within three miles earning $45,000 to $55,000 as the average household income.

For more information, contact John Clark or Kyle Koenig, Dots, LLC, 30300 Emerald Valley Parkway, Glenwillow, OH 44139; 440-349-7744/7040, Fax 440-349-7004; Emails: realestate@dots.com, jclark@dots.com and kkoenig@dots.com; Web site: www.dots.com.

Annie Sez operates 45 locations throughout CT, FL, MD, MI, NJ, NY and PA. The women’s fashion apparel stores occupy spaces of 11,000 sq.ft. to 12,000 sq.ft. in freestanding locations, urban/downtown areas and power, specialty and strip centers. Growth opportunities are sought throughout NJ and NY during the coming 18 months, with representation by Welco Realty. (continued on page twenty-eight)

This issue contains information on: * Retailers operating 49,251 locations with plans to open 4,276 sites * Real estate valued in excess of $338 million to be bought, sold & financed * Leasing activity on over 14.778 million sq.ft. of retail properties

Important News Please Expedite

Postmaster: Periodical

The Dealmakers cares about our environment

Featuring ICSC RECon Real Estate Convention 2010 Observations & Conversations.... Pg. 6 Profiles DJM Realty..................................

Burlington Coat Factory...............

Energy Kitchen............................

ToyZam!......................................

Pg. 8 Pg. 14 Pg. 16 Pg. 18

State of the Industry.................... Pg. 10 Buyers & Sellers Cedar Shopping Centers looks for acquisitions................................. Pg. 26 Openings dressbarn, Justice and Maurices continue expansion..................... Pg. 32 Food Retailers Expand Lawry’s Carvery looks for sites in southern CA................................ Pg. 34 Sources of Finance Lighthouse Commercial Mortgage provides credit tenant lease financing Pg. 38 New Construction The Feil Organization is preleasing a 20-acre site in New Orleans, LA................................. Pg. 38 Supermarket Chains Expand Save-A-Lot continues growth in the southeastern U.S.................... Pg. 44 In the News ARC Property Trust appoints Harvey Gutman as a director....... Pg. 54 Exclusives Royal Properties, Inc. appointed leasing agent for 500,000 sq.ft. in NJ, NY and PA............................. Pg. 60 Lease Signings DLC Management Corp. negotiated leases with Rainbow USA in AL, FL and NY................. Pg. 68 Home-Related Chains Expand Northern Tool & Equipment plans to enter AL, KS, KY, NE and OK.... Pg. 70 Lead Sheet Goddard Systems, Inc. plans 50 openings nationwide................... Pg. 73 The Learning Experience plans to enter DE, IL and NH.................... Pg. 73 Space Place................................. Pg. 80 ICSC RECon Floor Plan............... Pg. 86 Most Valuable Players................. Pg. 108

For more news go to: www.dealmakers.net Mobile Access Code: recon2010

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New Construction RD Management, LLC is redeveloping Billerica Shopping Center, a 275,000 sq.ft. center to be demalled located at the intersection of Route 3A/Boston Road and Tower Farm Road in Billerica, MA. Anchor space is available. Kmart and DeMoulas Supermarket anchor the center. The company is also preleasing an expansion to Kmart Shopping Center, a 140,470 sq.ft. center located at the intersection of Medway Street and Beaver Street in Milford, MA. The company is also preleasing the second phase of Midway Shopping Center, a 280,353 sq.ft. center located at the intersection of University Avenue and Snelling Avenue in St. Paul, MN. Rainbow Foods, OfficeMax and Walgreens anchor the center. The company is also developing Orangeburg Commons, a mixed-use project located at the intersection of Route 303 and Palisades Parkway in Orangetown, NY. Anchor space and shop spaces are available along with pad sites. Area retail includes Lowe’s Home Improvement. The company is also developing a mixed-use project in phases at the intersection of North 5th Street and Kent Avenue in Brooklyn, NY. The project will feature retail and multi-family components.

For more information, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Tulepan Management, LLC is developing the first phase of Coral Square Shoppes, a 182,000 sq.ft. mixed-use project situated on 17 acres at the intersection of South U.S. 1 and Edwards Road in Ft. Pierce, FL. Save-ALot will anchor the center, which will feature retail, restaurant, entertainment and office components. Space is available. The center is slated to open next month.

For more information, contact Randy M. Tulepan, Tulepan Management, LLC, 11555 Heron Boulevard, Suite 200, Coral Springs, FL 33076; 954-603-0455; Email: randy@tulepanmanagement.com; Web site: www.tulepanmanagement.com.

Vermilion Development, Inc. is redeveloping Harper Court, a 128,000 sq.ft. center located at the intersection of 53rd Street and South Harper Avenue in the Hyde Park area of Chicago, IL. The company plans to raze the existing property and construct a mixed-use center in three phases.

For more information, contact Vermilion Development, Inc., 180 North Steton Avenue, Suite 3500, Chicago, IL 60601; 312-268-5691, Fax 312-268-5801; Web site: www.vermiliondevelopment.com. page 4

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M&M Realty Partners, a venture of Edgewood Properties and JMP Holdings, is redeveloping Brunswick Town Center, a 104,005 sq.ft. center located in New Brunswick, NJ. Space of up to 65,000 sq.ft. is available. Cotenants include Walgreens and PNC Bank. The company is also redeveloping a 217,713 sq.ft. project located along Main Street in Lodi, NJ. Space of up to 25,000 sq.ft. is available. Cotenants include ShopRite, Kohl’s and Commerce Bank. The company is also redeveloping Market Place at Franklin, a 292,479 sq.ft. center located in Franklin Township, NJ. Space of up to 130,000 sq.ft. is available. Cotenants include Stop & Shop and a future Lowe’s Home Improvement.

The company is also redeveloping Market Place at Garden State Park, a 530,000 sq.ft. center located in Cherry Hill, NJ. A 3,642 sq.ft. space is available. Cotenants include Home Depot, Wegmans, Dick’s Sporting Goods, Christmas Tree Shops, Bed Bath & Beyond and Best Buy. The company is also redeveloping Market Place at Regency Square, a 200,180 sq.ft. lifestyle project located in East Brunswick, NJ. Space of up to 55,000 sq.ft. is available. The company is also redeveloping Raritan Plaza, a 42,955 sq.ft. center located in Raritan Township, NJ. Space is available. The company is also redeveloping Somerville Town Center, a 233,460 sq.ft. center located in Somerville, NJ. Space of up to 57,500 sq.ft. is available.

The company is also redeveloping The Plaza at Tenafly, a 14,669 sq.ft. center located in Tenafly, NJ. An 11,000 sq.ft. space is available. The company is also redeveloping Towne Place at Garden State Park, a 285,000 sq.ft. center located in Cherry Hill, NJ. Space of up to 30,000 sq.ft. is available. Cotenants include Barnes & Noble, The Cheesecake Factory, McCormick & Schmick’s, Brio, Talbots, Coldwater Creek, Ulta and DSW. For more information, contact Roger Turley, Jamie Mazzola-Watson or Steve Dudziec, M&M Realty Partners, 1260 Stelton Road, Piscataway, NJ 08854; 732-9851900; Email: info@mmrealtyparnters.com; Web site: www.mmrealtypartners.com. Or 69 Century Drive, Clifton, NJ 07014; 973779-7466.

Tower Investments, Inc. is developing The Shops at Schmidt’s, a 100,000 sq.ft. retail center located at the intersection of Girard Avenue and 2nd Street in the Northern Liberties section of Philadelphia, PA. Pathmark will anchor the center. The project is slated to break ground by year’s end.

For more information, contact Tower Investments, Inc., 969 North 2nd Street, Philadelphia, PA 19123-2312; 215-9649227; Web site: www.towerdev.com.

Dealmakers

SyWest Development is developing a grocery-anchored project located at the intersection of Highway 4 and Solano Way in Concord, CA. Area demographics include a population of 209,643 within five miles earning $76,993 as the average household income. The average daily traffic count is 100,000 vehicles.

For more information, contact Bill Vierra, SyWest Development, 150 Pelican Way, San Rafael, CA 94901; 415-448-8300, Fax 415448-8542; Email: bill_vierra@sywest.com; Web site: www.sywest.com. (continued on page thirty-eight)

President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Director of Circulation..................... Jane Winterle jane@dealmakers.net Advertising Coordinator............ Stephani Hamner stephani@dealmakers.net Founder..................................................... Ted Kraus 1979–2007

The Dealmakers TM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630.

The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals.

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Us.

See us at RECon Booth: S 3616

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Southern California and Arizona: Max Min: max.min@bp.com Northern California, Nevada, Washington and Oregon: Mike Hager: michael.hager@bp.com

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This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: CA, HI, IL, IN, MD, MI, MN, NY, ND, OR, RI, SD, VA, WA and WI. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state. In addition, in NY an offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. Nothing contained herein shall be construed as providing any legal advice including but not limited to any advice pertaining to any contractual and / or legal obligation that you have with your existing supplier or other party and you are hereby highly encouraged to seek such advice before responding. © 2010 BP West Coast Products LLC. All Rights Reserved. © 2010 BP Products North America Inc. All Rights Reserved.

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Observations & Conversations God knows we’ve had a whole lotta lemons dumped on us in the past few years, but it’s time to concentrate on squeezing out more deals and spending less time bitching about how bad things have been.

Viva Las Vegas! Time has gotten the best of me, and I can’t state it as a fact, but I think this year marks my 29th (and holding) ICSC Convention in Vegas. Back in those days, the convention drew about 6,000 attendees and this year the ICSC is expecting 30,000 folks at ReCon. Not the record-breaking counts that we’re used to, but then again the axis of our industry has changed in the past few years, so we should just be happy that we’re still here.

In the “good ol’ days,” a company’s success was measured by the size of their booth or the shrimp that they served at a colossal party. Not so long ago, the ICSC convention was as much about flaunting the obscene wealth that we were creating as it was about networking. Now, companies aren’t exhibiting and attending just to have a few days to let their hair down or “maintain a presence.” Most of the companies that historically exhibit at the Vegas show are trimming budgets and only taking essential folks. Because times are so tight, spending between $425 and $850 for registration is sometimes prohibitive, and at least a dozen people have asked if I could get them a free badge for the convention. Which makes me inclined to think that there may be close to 30,000 shopping center dealmakers in Vegas during the show, but my hunch is that there will be a higher percentage of them networking outside of the convention hall this year than in years past. Most of the non-exhibitors that I’ve talked to plan to just spend two days at the show instead of taking in all two-and-a-half days to save costs. I think this convention will be back to basics as a reflection of the times, and it will be so basic that the traditional ICSC-sponsored cocktail party will probably be best described as just a cash bar on the convention floor. I remember years ago, the ICSC cocktail party would not only have plentiful food and free booze, but also a budget for amenities such as ice sculptures and floral arrangements. In hindsight, we really never needed the frills, just more deals.

The opening day luncheon should be interesting with Sarah Palin as the key note speaker. I don’t think I would be able to sit through her speech, so I’m opting out of this year’s luncheon. (Nope, I’m not talking politics; I just can’t stand the sound of her voice, it’s the equivalent of nails on a chalkboard to my ears.) Plus, I don’t get how she has any relevance to our industry as a keynote speaker. She is definitely less cerebral than last year’s Sam Zell, who spoke at the convention. One thing that I think the ICSC is doing right is teaming up with the International Franchise Association to offer attendees to the Multi-Unit Franchisee conference (which is being held at the Las Vegas Hilton on Sunday and Monday) free admission to the ICSC convention.

Hopefully that will help bring in more retailers to talk to about new locations.

It should also be a little easier this year with just two halls operating rather than trying to manage meetings over the entire convention center; my feet will really appreciate the convention’s smaller footprint by the time Tuesday rolls around. The ICSC is also launching Special Interest Group Forums on Sunday from 10:45 to noon, where experts in various disciplines from legal to construction hold a round table discussion with attendees who pre-register to sit in on a specific forum. On Monday, the ever popular Retail Runway will be presented at 3:00 pm, and there are two retailers that will be presenting that I’m not familiar with: one is Kool Smiles, based in Atlanta, and the other is Specialty’s Cafe & Bakery, a 30-unit chain operating primarily on the west coast, with one site in Chicago. Also, don’t forget the Hot Retailers award ceremony on Tuesday.

A few of the retailers that are presenting at the Retail Runway have profiles in this issue of The Dealmakers; we have a feature on the new store look at Burlington Coat Factory as well as a profile on Energy Kitchen, which is ready to take on more than New York, NY with a growth spurt in the works. We also have an article on ToyZam!, a chain of pop-up toy stores that’s growing with the help of some former KB Toys execs and Spencer Gifts. This issue of The Dealmakers also offers a lot of insight; we have an interview with Andy Graiser of DJM Realty regarding his take on where we’re at and where the industry is going, along with our annual State of the Industry report, it’s a survey polling 50,000 retail real estate professionals. We took some of the best responses and compiled them into a readable format. Some of the responses were a bit looney-tunes, so we edited out religious rants and political tirades, but they certainly were fun to read! I recommend that you check it out on pages 10 through 12; you’ll gain some insight from your peers.

My take on the industry is that things are getting better for some of us; granted, it’s going to take some time to recoup the traction that we had before the recession. However, the stock market has been more stable in the past few months than in the past year, and even DLC Realty Trust is launching an IPO. I’m hearing more often about new construction of centers, mainly small projects, but at least somebody is getting construction financing from somewhere. Simon, at the time this went to press, had upped its bid for GGP and just a few months ago Inland made a huge acquisition, so the big boys are back in play. On a personal note, I’ve leased a little over 250,000 sq.ft. in the past year. (Yes, I’ve been busy). I’ve seen the dance to get financing for TI and in some cases financing for a new building from the ground up, and it’s been the toughest maneuvers for a lender approval that I’ve seen since the RTC debacle. The review of the tenants’ financials was an inquest, with the lender drilling down every line item on the balance sheet. Deals still aren’t easy, but in the past few months there’s been a more positive momentum for leasing transactions; however, the acquisition side of the business is still pretty sluggish. There’s not enough priced-right product and not enough active lenders in play right now, but my hunch is that will change within the next year or two. Retailers are starting to be able to get credit for inventory, and the smart ones have spent the last year figuring out what they do best and right-sizing their concepts, so they are ready to roll out more stores. I don’t think we will ever truly hit bottom, unless a major catastrophe occurs on the level of a stock market crash or a severe devaluation of the dollar, and in either one of those cases (or something similarly traumatic), I’m not so sure how many jumps off the proverbial cliff our industry can survive. However, if you’re smart, you use your knowledge and experience, along with a good attitude, to turn lemons into lemonade. God knows we’ve had a whole lotta lemons dumped on us in the past few years, but it’s time to concentrate on squeezing out more deals and spending less time bitching about how bad things have been.

While on the topic of lemonade, stop by our booth, S283 Q Street. We still have the lemonade stand, AND we’re drawing one lucky business card from those we collect and giving away a FREE iPad, along with a free subscription to The Dealmakers. It’s our way of announcing that you can read the latest issues of The Dealmakers on your iPhone, iPad or Android device. Drop off your card at our booth to enter and follow us on Twitter at twitter.com/ dealmakersmag. We’ll be tweeting during the show about what’s happening at RECon and when to stop by our booth for more fun and prizes! Have a great show!

Ann O’Neal, Publisher page 6

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Dealmakers

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djm realty

Profile — A monthly column featuring

Restructures retailers’ real estate with dispositions and rent reductions

retailers and retail real estate companies

Adam Taliercio DJM Realty, a Gordon Brothers Group company, is best known for its role in high-profile retail bankruptcies, although more often than not, the company actually focuses its expertise on creating strategies to help retailers avert a Chapter 11 filing, or to assist healthy chains in remaining strong. “Most of the publicity our company gets is due to bankruptcies,” Andy Graiser, co-founder and co-president, said, “but much of our portfolio has always been working with healthy retailers. In the last couple of years, we were involved with all the big bankruptcies – Circuit City, Movie Gallery, The Sharper Image, Gottschalks and Linens ‘N Things – but we’ve done a really good job working with healthy retailers. We’ve been able to provide a lot of creative solutions and worked well with healthy retailers executing some of their growth strategies as well as shedding under-performing stores or reducing the occupancy costs.” One such chain is Pier 1 Imports, which Graiser called a particular success. “This is a great example of a company whose stock was at 10 cents, and now it’s at $7,” he said of the retailer.

“The company just needed some time to get their merchandise strategy together. They did an amazing job while we were out there closing unprofitable stores and getting rent concessions. The company just did a classic turnaround. It’s one of those success stories you can look back on and feel proud of that you’re a part of it.” As much as 80% of DJM’s business is disposition, lease renewals and terminations and real estate sales (“housecleaning,” as Graiser calls it) for healthy retailers. Some of the healthy retailers that are utilizing DJM’s expertise include Yum! Brands, CVS, Toys “R” Us, Big Lots, PacSun, Borders and Pep Boys.

DJM Realty will also acquire real estate under the right circumstances.

In keeping with what Graiser described as an “opportunistic” method of acquisition, “we’ll put our capital out there knowing that we have an exit which is tied directly to what the retailer’s needs are,” he said. “Our strategy is a lot different than a typical investor who buys real estate for the long term.” One of DJM’s and Gordon Brothers Group’s larger acquisitions was CompUSA, which they bought, then liquidated all the assets and negotiated lease terminations or sales for 100% of the leases. “Bankruptcy was a terrible Andy Graiser alternative for all the creditors. Our Co-founder and co-president wind-down process yielded a very good recovery to all creditors,” Graiser explained. DJM and Gordon Brothers Group excels at this type of deal because of the company’s expertise in areas such as real estate, inventory, fixed assets, intellectual property and asset based lending. “When you can bring all that to the table, it makes us really good, strategic partners for retailers and investors,” he said. “It puts them in a more competitive position when they know they can partner with someone who can take care of all the asset and liability categories.” DJM is a big proponent of what Graiser called “out-of-court” transactions, in which they work with retailers on the verge of filing for bankruptcy, but prevent the need for filing through successful negotiations of lease terminations, finding replacements, or receiving rent concessions for their underperforming stores. This allows landlords to recover much more than the typical pennies on the dollar that they would from a bankruptcy. “That’s one of the biggest things page 8

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that we’ve been able to do, one of our greatest success stories – keeping retailers out of a bankruptcy when they need to go in,” Graiser said. “In addition, we see many situations where a family-owned retailer wants to call it quits, cash out and never look over their shoulder again,” he added. “We have successfully managed to do this for numerous retailers without having to resort to a bankruptcy.”

In this economic climate, many challenges exist in a rent-reduction campaign, Graiser said. In 2009, landlords were so inundated with requests from struggling retailers that it became difficult for the landlord to determine which tenants really needed the help and which didn’t.

Landlords are more interested in their tenants’ business plans than they were before, and that need for information causes deals to take three or even four times longer than in the past. Meanwhile, rent appears to be in decline across the country – particularly in Middle America, where rents have decreased by as much as 40% in some cases. In other parts of the country, Graiser said, there have been drops of 15-20%; however, “A” malls and strong power strip centers seem to have relatively stable rent and are becoming more successful in filling vacant boxes. Even in these circumstances, however, rent reductions are still obtainable.

“We’ve gotten some deals done where landlords in Middle America gave us big rent reductions,” Graiser said. “That’s usually a pretty good indication that there’s not a good replacement (tenant) in sight.”

During 2010, requests for reductions have dropped off, he said. In cases where reductions are provided, however, Graiser said that landlords have been keeping retailers “on a short leash,” and that the terms of reductions are beginning to shorten. “Retailers that are renewing leases tend to have a much better chance of extending rent reductions,” he said.

Over years in business, DJM has built up a lot of credibility with the landlords they work with, Graiser said, which has helped the company to better assist its clients. “When we’ve asked for something, it’s because this was what the retailer needed for that location; nothing more, nothing less,” he said. Dealing with landlords who are quick to turn down a rent reduction requires a lot of persistence, and keeping the landlords informed as to the retailer’s financial status is vital. “The landlords are asking for company cash flows, financial statements; they’re looking at what the store contribution or loss are for those stores, not just for this year, but last year, and what’s projected [for next year],” Graiser said.

“They want to be comfortable that what they’re doing is the right thing for themselves and the center,” he added. “The landlord doesn’t want to know they’re financing this business; they want to know the lenders and all stakeholders have made a contribution, and that the company has cut lots of costs. It’s no longer a business where you’re ‘dialing for dollars.’ Threatening a Chapter 11 or a store closing will fall on deaf ears unless you can clearly demonstrate that such an event will occur without landlord concessions.”

As to Graiser’s forecast on the finance front, he said that there is financing available now that wasn’t available during 2009 for retailers. “I can see the money starting to free up,” he said, “however, financing for landlords is still very difficult to obtain, and whatever financing is available doesn’t come cheap.” But, he added, “There’s also a lot of very smart money, a lot of cash built up to do acquisitions, and a lot of that hasn’t moved yet,” an indication that the market has still yet to bottom out. (continued on page seventy-eight)

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Ken Breslin, president of Breslin Realty, reported that he does hear from people on a daily basis who aren’t necessarily selling, but are looking for advice on the subject. “It hasn’t gotten to the point of, ‘We need to get rid of the property’ yet,” he said. On the other hand, some companies that provide thirdparty management have found that aspect of their business increasing. “Cutting operating costs has been a priority,” said a responder, adding that clients have been looking for ways to reduce property taxes and CAM, as well as reviewing tenant reconciliations.

Those who attempted to finance, refinance or restructure mortgages on their retail projects in the past year nearly unanimously reported that the experience was a challenging one.

One source said that his company used private funding because bank funding is “almost non-existent; they are too busy burying the money for internal protection.”

Another reported a more positive experience with both new financing and refinancing, but acknowledged that terms were less desirable and lender credit approvals had become tougher to obtain. Many also mentioned the difficulty of finding active lenders for retail projects. One responder said that his company has attempted to finance but has yet to be successful. “Several lenders say they are active; however, they are really doing very few loans,” he added. Responses were split more or less evenly over whether or not the lending community has established a practice of “extending and pretending” on loans in default or coming due within the next year or two. Some reported that lenders were calling in loans or foreclosing, while others said that banks will extend and pretend for borrowers who are financially sound.

Reports of leasing activity among respondents ranged from “poor” and “pretty dismal” to showing signs of improvement or even doing well. One responder said that his company had been “extremely busy” since the start of the year. John M. Knibb, senior vice president and partner/president of Divaris Real Estate, Inc., said that his company had seen heavy activity among undercapitalized mom-and-pop tenants, but that things were at a standstill among national retailers. Another responder suggested that downtown and vicinity properties were leasing up well but suburban properties remained weak, while still another said although they had seen some leasing activity, rent and concessions remained problematic. Joshua Weinkranz, Vice President Leasing, Kimco Realty Corp. explained, “Yes, this recession has caused many tenants to be put under financial stress.

Some of them have not been able to sustain their operations and have been forced to close.

While a tenant’s rent (who signed a lease 24 months ago, at the height of the market) may not be replaceable today, we have other leases that are very old and well below

the current adjusted market rates. Therefore, if a tenant goes out of business who was on a lease signed in 1990 paying $20 psf, we are still able to lease that same space today and get $25 psf, which is a positive spread. 24 months ago we may have been able to get $30 psf, so it’s a decline, but we are still positive.”

Offering a retailer’s perspective on the situation, the president and CEO of an international chain of hair salons said that his company continues to see lease rates drop, but that some owners have been “living in the past” and are unwilling to reduce leasing costs. “We will continue to bypass these centers until realization sets in that old thinking will not drive lease signings,” he said.

However, one response indicated that both tenants and landlords provide a skewed outlook on the matter. “As a tenant rep, I pick up the phone and call other tenants,” the source said, “and other than renewals and rent reductions and right-sizing our most profitable stores, there is not much more activity than last year...which was, as we all know, not a dealmaker’s year. The cat and mouse game continues: Landlords say business is great, and tenants say business is slow. Approaching management on either side, who will always quote the company line, is a worthless exercise and certainly not [indicative of] what is going on down on the grassroots level.”

Similar to last year, many reported that mom-and-pop retailers have been the source of many of their deals, but others said that smaller, local stores have more difficulty securing financing. Ken Breslin referred to what he called an “absolute drought” of new retail concepts, and said that he hasn’t seen anything new emerging apart from restaurant concepts. Credit for new concepts is a rare commodity, particularly in situations where the retailer does not have an established track record in other concepts.

After the 2009 holiday season, Levin Management polled 1,000 of their tenants about how business had fared and their growth plans for 2010, and 55% reported that sales had stayed the same or improved since the previous year. “Granted, last holiday season was a tough holiday season, but it’s a really positive side, as well, and many of our tenants said that they are out looking to expand,” Matt Harding said. The www.dealmakers.net

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company’s survey reported that grocery stores in particular had posted higher sales, and although some restaurants are struggling, Harding suggested that restaurant deals are also still occurring – particularly with valuepriced concepts. “I think we’re just starting to see signs of life in that category.” He cited a Panera Bread franchisee and Shannon Rose Irish Pub, a concept that opened its second location last year in Woodbridge, NJ, as examples of restaurant clients holding strong in the marketplace. “That’s a value-priced but great experience,” Harding said of the pub, which offers “a family dinner, and also kind of segues into a little bit more of a bar situation later at night, and they’re doing extremely well [by] providing value and entertainment.”

Along with quick-service and value-oriented restaurants, other types of retailers reported as doing particularly well included dollar stores and other discount-oriented tenants, as well as drug stores. Dean Wieber, executive vice president of new business development for Great Clips, Inc., reported plans for aggressive growth throughout North America. “Rents are down and vacancies are up, making existing centers more attractive than in recent years,” he said, adding that the company had completed 47 leases in December and January alone. Another salon chain also reported notable growth. “Our concept has continued to add new locations in strip and power centers while we have pruned poorly-performing center locations,” the source said. “We are actively assessing locations nationwide and expect to continue to open salons at a pace to exceed last year in 2010.”

Supermarkets are also still going strong, and continue to be highly valuable shopping center anchors. “Every grocer in the country and every drug store chain is expanding,” said Michael Winters, Vice President of Acquisitions for Cedar Shopping Centers, “and it’s partly because people aren’t going

Dealmakers

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stateoftheindustrY2010 (continued from page eleven)

out to eat, they’re cooking at home. That’s helped the grocery stores tremendously, which increases the traffic into the properties, which has helped the inline tenants in grocery-anchored centers.” Aldi was sited as a particular example of a supermarket thriving in the current climate, partially due to their slower initial expansion – opening 20 new stores a year before branching out to 50 or 60 openings annually – as well as their maintaining a more limited amount of product than other grocers. Another sector of retail that continues to do well is health and fitness clubs, particularly LA Fitness and Planet Fitness, due to flexibility in site design and strong credit.

Franchisees in general also appear to be increasing their leasing activity. “We’re seeing a wave of franchise businesses trying to take advantage of the landscape right now,” said Ken Breslin, citing Red Mango, Corner Bakery, Hurricane Wings, Buffalo Wild Wings and Planet Fitness as examples.

“There is a ton of franchise business now, and we’re trying to take advantage of what’s out there, but credit issues continue to be the thing that’s the biggest hurdle to get over.”

Although anchor stores faced difficult times during 2009, they remain, of course, a vital presence in shopping centers, and in many cases – often those in which larger users have set up stores with a smaller footprint – these retailers are doing more volume than in recent years. And, just as smaller tenants need a solid, reliable anchor to bring traffic into a center, so do those anchors need unique, smaller retailers to make the center a more attractive shopping destination.

Most responders said they are not currently looking to acquire properties, or have limited themselves to distressed properties only.

“We’re looking to acquire,” said Al Krull, “but the product out there is, the way we look at it, not great. But we have the luxury, based on our size, to be able to hold back and then jump when the time is right.” He added that his company’s plans were focused more on their current portfolio, and the possibility of restoration and repositioning of existing centers. Joe Cosenza said that Inland has purchased $2.5 billion in properties since January 2009, using cash on hand from various funds. “Inland is not looking to purchase distressed properties,” he explained, “but is looking to purchase properties from distressed sellers.” Cosenza said that in the first half of 2009, the word “distressed” with regard to a seller meant, particularly in the page 12

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case of a major REIT, that the seller needed more liquidity to show they were able to pay down or pay off loans as they were coming due, causing a push to sell that made Inland able to acquire “at Cap rates and returns at somewhere back to 1998, 1999 levels,” he said.

Those who reported recent acquisitions cited Cap rates ranging from the low 7’s to 10% and over. Certain types of centers – particularly strong, grocery-anchored shopping centers located in dense metropolitan areas – have remained competitive and can sell at Cap rates below 7%. “Cap rates are all different for different people. Inland’s underwriting is tougher in all categories,” said Joe Cosenza.

He added that the company’s rates in early 2009 were between 9% and 10%, and are currently between 7.75% and 8.25%. “This is on properties where, if you drive up to them, you would say to yourself, ‘Wow, I’d like to own this property,’” he said. “It appears that the Cap rates date back to somewhere around 2002 and 2003, and I am satisfied with that.”

“If there’s any perception of upside, even if it’s a decade away, people are willing to pay for it now,” said Michael Winters. He added that he believes money is flowing now, from institutions, pension funds and private equity groups looking to buy. “They have to put money out,” Winters said. “They’ve been sitting on the sidelines, and now they’re anxious to get some product. I don’t know if they’re going to get the Cap rates they’re looking for, but there are certainly bidders out there.” However, a general reluctance to sell into this market has resulted in a dearth of available product, some responders said.

Many reported that they had few new projects slated to break ground during 2010 or 2011, citing causes such as a lack of lending capital in areas with high vacancy and a general difficulty moving new construction and shell space. “Within two to 2.5 years we may see some new construction,” a source predicted.

“Our developers are waiting for funding from the banks and institutions to flow once more.” One responder reported that they had developments planned, but were unsure whether they would actually see the light of day. Another said there were plans to start some multi-family projects, but nothing in retail.

Of course, pipelines have not dried up across the board. One source indicated that their company was finishing a development project with space left to lease. Another said

Dealmakers

that the future of a downtown redevelopment was in doubt, and that a planned suburban mixed-use village had been put on hold, but that a renovation and expansion project for a downtown strip center continued. John M. Knibb of Divaris Real Estate, Inc. sited a convenience store and fast-food and casual dining projects, as well as some medical uses, as planned projects. Al Krull said Treeco has a project in the approvals phase in Scarsdale, NY – a residential component to an existing retail site. Michael Winters said that Cedar Shopping Centers has an active development pipeline of grocery-anchored centers. These centers typically have a grocery anchor, a small amount of inline space and some pad sites – a different prototype than what the company would have developed a couple of years ago, Winters said, adding that the company is minimizing its exposure to momand-pop retailers.

As to what’s on the horizon: Although some suggested that retail has “hit bottom” and that recovery has already begun – or will begin within the next year or two – the majority of responders still felt that the worst may be yet to come. “We have no idea as to where bottom is,” said one responder, “and as long as Wall Street still has all those greedy people, our economic problems will more than likely continue until they drain us dry. In order to grow the economy, we need institutional financing, and until those with the funds let go and start lending, there will be no movement up.” Our source from Italy said, “for prime property, it has certainly bottomed out; secondary centers and retail property at large is still going to suffer for the whole of 2010.” He added that he anticipates a bump in 2011 or 2012, followed by another three to five years of slow growth until the market has deleveraged.

“’Extend and pretend’ has kept a backlog of properties from coming out for trade, but that can only go on so long,” another source said. “It’s going to drag the cycle out longer.

Retail as a business is changing permanently, to a greater degree than anyone wants to admit.”

Just as last year we saw professionals slowly adjusting to the industry’s new landscape, so do we see the continuation of that process this year. What is notable, however, perhaps even encouraging, is the variety of experiences across the country – some still as negative as ever, but others showing signs of improvement. Problems that once seemed all-but-universal may have begun to resolve, at least for some. In times like these, it’s hard to ask for much more. DM

www.dealmakers.net

4/15/2010 3:18:16 PM

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burlington coat factory

Profile — A monthly column featuring retailers and retail real estate companies

A fresh look and new leadership

Adam Taliercio Burlington Coat Factory Warehouse Corp. originated in 1924 as a wholesaler of ladies’ coats and junior suits. The company’s first outlet store opened during 1972 in Burlington, NJ, offering coats and outerwear primarily, but as the company grew they branched out to include men’s and women’s suits, ladies’ apparel, shoes and accessories. Baby and youth departments then followed, featuring items such as strollers, car seats, furniture, toys, clothing and accessories. The company then broadened its merchandise mix with the introduction of a home decor department in 1987, offering bedding, bath items, home accents, housewares and gifts.

Today, Burlington Coat Factory is a national chain, trading primarily as Burlington Coat Factory Warehouse at 450 locations nationwide throughout 44 states and Puerto Rico. The retailer provides the depth of a traditional department store, but with value-oriented pricing that is often as much as 70% below that of typical department stores.

The stores offer services such as gift registry and layaway, as well as professional tailoring in select locations, in order to make the shopping experience more convenient. The company also maintains Baby Depot departments within most existing Burlington Coat Factory stores, offering apparel, furniture and accessories for infants and toddlers.

Burlington Coat Factory’s core customer is a style-savvy female between the ages of 18 and 49, earning an average household income ranging from $35,000 up to $100,000.

This customer profile is often shopping not only for herself, but also for other members of her family, and the company aims to appeal to her from both a quality and value standpoint through their varied selection of brand-name merchandise and everyday low prices.

Although they sell more than just coats, Burlington Coat Factory’s business is impacted by the seasons and weather – the most lucrative time of the year is typically from September through January (the back-to-school and holiday seasons), and a colder fall season followed by a warmer early spring tends to produce the best results for the company.

The size of a typical Burlington Coat Factory store sets them apart from other off-price retailers, as they are able to maintain a larger selling floor, and position themselves as the anchor. Their stores often appeal to landlords because of their large footprint as well as their wide variety of value-priced merchandise, which brings in a desirable customer base – often from beyond local trade areas – not only into the store, but also creating crossshopping within the center.

The company is aggressively pursuing new locations this year, and requires spaces between 60,000 sq.ft. and 80,000 sq.ft. in freestanding locations, power centers or regional malls. The demographic criteria page 14

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Dealmakers

calls for a population of 150,000 within the trade area. They will also consider build-to-suits and second-generation spaces. Preferred locations are near major highways. Typical lease terms run 10 years with five-year options, and a tenant improvement allowance is required.

During fiscal 2010, Burlington is implementing a chainwide housekeeping initiative in order to ensure organized merchandise presentation, and to make the overall shopping experience easier and more comfortable for its customers.

Burlington is also in the process of remodeling 25 stores, adding new carpet, paint and other aesthetic improvements, including adjustments to the stores’ fitting rooms. The company had completed these changes at 11 stores by late 2009, and plans to finish the remodeling project by the end of fiscal 2010. The company has also upgraded lighting retrofits at 50 stores, improving lighting and making the stores more energy-efficient, with plans to add the same improvements at 20 more locations. Improved signage is also planned for all new stores opened during the fiscal year, and the company has undertaken an initiative to better customize stocked merchandise at locations in specific regions in order to better serve the seasonal and lifestyle needs of the customer base within a given area.

The Burlington Coat Factory executive team includes Thomas Kingsbury, president, CEO and a member of the board of directors since December 2008. Prior to joining the company, he served in principal positions for Kohl’s Corp. and May Department Stores. Michael Geraghty, chief operating officer of the company since January, served as executive vice president of operations for Lord and Taylor before joining Burlington. Fred Hand has served as Burlington Coat Factory’s executive vice president of stores since February 2008 after joining the company from Macy’s, Inc., where he served as senior vice president and group director of stores. Ronald Kaplan, vice president of planning and design since January, also joined the company from Macy’s, Inc., where he served as vice president of store planning for Macy’s Central and Macy’s Midwest. Michael Shanahan, vice president of real estate since 2009, has been with the company for nearly 30 years, since his first job at Burlington stocking inventory at age 15.

For more information, contact Michael Shanahan, vice president of real estate, Burlington Coat Factory, 1830 Rt. 130, Burlington, NJ 08016; (609) 387-7800 Ext. 1170; Email: realestate@coat.com; Web site: www.coat.com. DM

www.dealmakers.net

4/15/2010 3:18:21 PM

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4/15/2010 3:18:26 PM

energy kitchen

Profile — A monthly column featuring retailers and retail real estate companies

Emerges as the new contender to healthy dining

Erin Dunkley Energy Kitchen, a fastcasual restaurant chain, is pumped up for expansion.

With more and more people becoming healthconscious, eating right and staying healthy is now becoming a way of life. It’s no longer just an afterthought for a restaurant concept to offer low-cal menu items, as restaurant and coffee chains alike, including Applebee’s, McDonalds and Starbucks, are all touting low-cal products. It’s becoming more commonplace to sit down at a restaurant and have the calorie count be listed alongside each item on the menu. Energy Kitchen’s menu offers a healthy alternative to fast food, featuring an array of breakfast, lunch and dinner items, all of which are under 500 calories, setting the company apart from competition. With a proven track record of success, the company is looking to franchisees for future growth. Energy Kitchen is projected to grow from a nine-unit chain to operating 1,000 locations by 2020.

Energy Kitchen currently operates eight company-owned locations in Manhattan, NY and one in Hoboken, NJ. The company anticipates a substantial increase in its store count through franchise development during the next six to 12 months. Expansion is planned throughout the northeastern region of the U.S., specifically in the CT, FL, Boston, MA; MD, NJ; NY tri-state area; Philadelphia, PA; VA and Washington, DC markets. The company is actively seeking qualified area developers for new sites and is represented by brokers to assist with site selection, including Jamie Rogers of Winick Realty, covering New York, NY; Paul Grossman at CBREGrossman Retail Advisors, responsible for Boston, MA; Jason Wuchiski and Kristin Martin at Rhys, covering CT; David Dochter at Cushman and Wakefield, overseeing Washington, DC, and Ross Waters and Brent Andrews of Atlantic Retail Properties, handling southern FL. The site selection criteria focuses on denselypopulated, high-income urban and downtown areas, where the customer profile is healthconscious and educated.

Evening and weekend traffic counts are also an important consideration, as future development is slated for smaller suburban areas. Currently, the largest unit operating utilizes 1,800 sq.ft. with a full basement. While seeking sites outside of the New York, NY metropolitan area, the company will need to accommodate a larger footprint for additional seating and storage space if basement space is not available. Site requirements include a minimum frontage of 15 feet, with 20 feet being preferred, at corner locations with outdoor seating areas. Typical lease terms run 10 years with one, five-year option. page 16

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While the corporate office does not guarantee the franchisee’s leases, the franchisee requirements for Energy Kitchen are stringent and include an area development program with a minimum of a three-store commitment within three years, and only operators with a proven track record of fastcasual, fast food or restaurant experience are approved as franchisees.

The overall investment is a minimum of $1 million, and the franchisee must retain liquid assets of at least $400,000. The franchise fee is $30,000 per store location, with $60,000 due at signing and a balance of $15,000 due once the second lease is secured, and $15,000 due at lease signing for the third unit. The royalty fee is 5% of gross sales.

Mike Repole, an investor in Energy Kitchen and the co-founder of Vitaminwater, is the catalyst for the chain’s growth. Since Mike stepped in to assist with growing the concept, he increased the company’s annual advertising budget to nearly $1 million and brought on board a director of franchising.

Also, to maintain the momentum of growth, the company is focusing on generating consumer recognition by doing more advertising and marketing as well as lowering prices on their menu. As recently as January, lower food prices helped to account for a 20% increase in foot traffic chain-wide.

Trying to get a feel for local competition hasn’t always been easy for the company. Operating locations throughout the heart of New York City, with more dining choices than almost any other city in the world, it can be quite difficult to assess who you may be in competition with.

The company is in the process of conducting a market study and gathering customer data to determine local and national competitors.

Energy Kitchen plans to expand upon the typical fare of burgers, chicken sandwiches and garden salads, and offers such innovative items as ostrich or bison burgers, Tex Mex bison wraps, seared tuna salad and a variety of custom-blend juices and smoothies, with $12 being the average customer’s check. By exemplifying the idea that a fast-casual, healthy dining concept can offer more excitement than the average grilled chicken sandwich and garden salad, at budget-tomoderate pricing, Energy Kitchen is poised for success.

With a five-year operating history, Energy Kitchen continues to take on the task of providing nutritious food and drink items in a quick-serve atmosphere. As the American public increasingly sees the benefits to eating healthier, the company anticipates that with franchise-based expansion, Energy Kitchen will emerge as the new contender to healthy dining.

For more information regarding real estate development, contact Brooke Auberry, Energy Kitchen, 71 West 23rd Street, Suite 608, New York, NY 10010; 212-687-4100, Fax 212-687-4105; Email: bauberry@energykitchen.com; Web site: www.energykitchen.com.

For more information regarding franchise development, contact Steve Gardner. DM

www.dealmakers.net

4/15/2010 3:18:27 PM

A national WOMEN’S specialty retailer.

The company operates more than 400 stores in 26 states.

Dots three year growth plan includes opening new stores in all 26 states.

Site Criteria * Power centers, regional and community shopping centers with national tenants, deep discount anchors, dominant supermarket or discount apparel anchors * Targeting 4,000 to 5,000 square feet with a minimum 40 foot storefront

Demographic ProďŹ le * Metropolitan, urban and suburban markets * Typical trade area population of at least 75,000 * Median household income of $45,000 to $65,000

* More than 400 stores! * 26 STATES! Real Estate Contacts Kyle Koenig 440-349-7040 Director of Real Estate

kkoenig@dots.com

John Clark 440-349-7744 Director of Store Development

jclark@dots.com

Alex Glantzis 440-424-2513 Real Estate Representative

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www.dots.com

4/15/2010 3:18:28 PM

toyzam!

Profile — A monthly column featuring retailers and retail real estate companies

Takes on Temp Space

Adam Taliercio ToyZam! was introduced last year by Spirit Halloween, a division of Spencer Gifts, LLC. The concept is a pop-up toy store designed to capitalize on the gap left in the mall-based toy retailing business after the disappearance of KB Toy Stores in December of 2008. The company opened 25 temporary toy stores at former Spirit Halloween sites during the 2009 fourth-quarter holiday season, offering national brands such as Barbie, Fisher Price, Hot Wheels, Disney, Mattel, Hasbro, Lego and Milton Bradley as well as a wide selection of specialty items, such as Scholastic, Melissa & Doug and Alex products. “Since the Spencer organization are experts in both mall retailing and seasonal store concepts, it was natural that they create a seasonal toy store concept to fill this void,” said Jerry Pierce, vice president of business development for ToyZam!. “There really isn’t a whole lot out there that mimics what we’re doing; not even mom-and-pops.” As former senior vice president of merchandise for KB Toys, Pierce, along with two senior buyers who joined the company with him, was able to capitalize on his experience in the industry to help build ToyZam! from the ground up. “We were able to take the good things that we brought with us here from KB, and to develop other things that would help to differentiate us amongst competitors,” Pierce explained.

The ToyZam! concept plans to open 100 locations nationwide this year under temporary leases running from November through mid-January.

The company initially opened five ToyZam! locations in Chicago Ridge, IL; Cambridge, MA; Cheektowaga, NY and Media and Tarentum, PA during November of 2009, and these five stores remained open past the usual ToyZam! season as a research and development stage for the concept. Since then, two of the stores have closed and the remaining three are slated for conversion to Spirit Halloween locations in September, before rebranding as seasonal ToyZam! locations after the Halloween season. The concept’s focus going forward will remain on seasonal locations, Pierce explained. The stores typically occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in malls, preferably located adjacent to food courts and dedicated children’s play areas, but Pierce said that the company is flexible with their site criteria. “I think all retailers are looking for the highest traffic locations in the malls, and ToyZam! is no exception to that rule,” he added.

Of the planned 100 stores, about 60 to 75 will be conversions of existing Spirit Halloween locations after the Halloween season ends.

For these converted units, the company secures sixmonth leases rather than the typical three months they utilize for either concept independently.

“Having the spaces occupied through mid-January is obviously appealing to the landlords, rather than them trying to find a Christmas usage for the space after Halloween,” Pierce explained. “They get two highly-desirable concepts in one package.” He added that ToyZam! also utilizes many of the same resources as Spirit for their locations, whether that be through negotiating leases or using the same associates across the two concepts (full- and part-time staff members at a former Spirit Halloween store also remain at the location upon its conversion to a ToyZam!). page 18

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Although the concepts handle different product and cater to somewhat different clientele, ToyZam! stores operate in a manner similar to Spirit Halloween locations. “Since the demand for toys is highest during the fourth quarter, we believe the Spirit model works best for this format,” Pierce explained. This “Spirit model” entails not only the use of a seasonal location but also a focus on customer experience and service, all of which the company has carried over to the ToyZam! concept.

“Spirit Halloween stores are the largest retailer in their channel,” Pierce said, “and that has a lot to do with the experience the customer gets when shopping a Spirit store. Spirit is just a blast to shop in; they work very hard at that. So we have done our very best, in a little bit of a smaller footprint, to recreate that in a toy store.”

The store focuses on a theme of “It’s Okay to Play,” and this aspect is perhaps the most significant customer draw. This theme is exemplified at each ToyZam! location by the large space reserved for a play area, so children (and their parents) have the opportunity to play with some of the toys in stock before making a purchase. “Toys are meant to be fun,” Pierce said, “So why leave them in a box on a shelf?” The size of the play area is dependent on the amount of available selling space in an individual store, but the area is a priority at each location, and every ToyZam! store will have space and fixtures dedicated to the “It’s Okay to Play” theme. The toys on hand are determined by the company’s buyers, and the aim is to provide as many demonstrable products as possible within the available space. Last year, one of the more popular items at these play areas was a train meant for children ages three to five to ride on, that ran along a circular track. “They absolutely loved that,” Pierce said. “That was a big hit.” The company also maintains demo tables at the front of the stores, featuring items available for customers to try out. “We try to keep the front of the store uncongested, so we can have a wide-open area for kids and parents to experiment and play with the toys before they buy them,” Pierce said. “We want to make it a fun experience for them as much as possible – not only will they be able to find the perfect gift, but they’ll have fun doing it.”

Last year’s hottest products at ToyZam! were Zhu Zhu Pets – interactive plush hamsters that move, play and squeak like the real thing. The company’s buyers are currently determining the products for the stores slated to open this season; Pierce said that it’s hard to say so far what will be this year’s big hit, but that he’s excited to find out. “I spent a lot of time in these stores,” Pierce said, “and it’s just so fun to sit back and watch these kids come in with big smiles on their faces, and mom and dads are the same way. It’s just a great experience for kids and parents alike. The only issue that we have in the stores is that parents have a hard time getting their kids to leave – which, I guess, is a good thing.

It’s just a blast to watch this whole thing develop.”

For more information or for site submittals, contact Frank Pacera or Meghan McGlone, Spencer Gifts, LLC, 6826 Black Horse Pike, Egg Harbor Township, NJ 08234; 609-6455447/5548; Emails: frank.pacera@spirithalloween.com and meghan.mcglone@spirithalloween.com. DM

www.dealmakers.net

4/15/2010 3:18:28 PM

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Buyers and Sellers CB Richard Ellis, Inc. is selling Foothill Marketplace, a 532,000 sq.ft. center situated on 37.45 acres along Foothill Boulevard in Rancho Cucamonga, CA. Walmart shadowanchors the center and tenants include Sport Chalet, Hobby People, Guitar Center, Amigo’s Flooring, RadioShack, Salon Excellence, Stuffed Bagel, Warehouse Furniture, Engrave ‘N Things, Montmarte Art Gallery, Apple Furniture Direct, Smoke Shop, State Farm Insurance, Saigon Restaurant, Beer Hunter Sports Pub, LA Nails, Mathnasium, American Dream Ice Cream, Subway, Sally Beauty Supply, Marketplace Cleaners, Food 4 Less, Hollywood Video, Panda Buffet, Arby’s, Wienerschnitzel, Golden Spoon, Jiffy Lube, Claim Jumper and The Melting Pot. Area demographics include a population of 266,305 within five miles earning $75,667 as the average household income. The average daily traffic count is 63,658 vehicles. The NOI is $4.312 million. The asking price is $30 million with a Cap rate of 11.74%.

For more information, contact Todd Goodman, Phil Voorhees, Gleb Lvovich, Preston Fetrow or Kirk Brummer, CB Richard Ellis, Inc., 3501 Jamboree Road, Suite 100, Newport Beach, CA 92660; 949-7258550/8521/8694/8538/8418, Fax 949-7258545; Emails: todd.goodman@cbre.com, phil.voorhees@cbre.com, gleb.lvovich@cbre.com, preston.fetrow@cbre.com and kirk.brummer@cbre.com. Or Donna Finch, City of Rancho Cucamonga, 10500 Civic Center Drive, Rancho Cucamonga, CA 91730; 909-477-2700, Fax 909-477-2848; Email: donna.finch@cityofrc.us; Web site: www.rcrda.us.

Sharpe Properties is looking to acquire single-level strip and power centers located throughout Broward and Miami-Dade counties in FL. Suitable properties are priced between $1 million and $20 million.

For more information, contact Mason Sharpe, Sharpe Properties, 1060 East 33rd Street, Hialeah, FL 33013; 305693-3500, Fax 305-693-3497; Email: mason@sharpeproperties.com; Web site: www.sharpeproperties.com.

Landmark Resources is looking to acquire strip centers located throughout NJ, NY and PA. Suitable properties feature GLAs of 25,000 sq.ft. and are priced between $2 million and $25 million.

For more information, contact Jon Schweitzer, Landmark Resources, 1651 Raritan Road, Scotch Plains, NJ 07076; 908-889-0180, Fax 908-889-0181; Email: jpschweitzer@verizon.net; Web site: http://landmark.resources.us. page 22

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May 28, 2010

The

Gulfcoast Commercial is selling a 22.6acre parcel located along U.S. Highway 19 between Nursery Road and Gulf to Bay Boulevard in Clearwater, FL. Area retail includes Home Depot, Lowe’s Home Improvement, Target, Sam’s Club, Borders and PetSmart. The company is also selling a 3.57-acre parcel located at the intersection of U.S. Highway 19 and Fox Hollow Drive in Port Richey, FL. Area retail includes Home Depot, Target, Staples, The Sports Authority, Bed Bath & Beyond, Toys “R” Us, Sears and Best Buy. The company is also selling parcels of 2.16 and 11.16 acres located along East Hillsborough Avenue in Tampa, FL. The company is also selling a 90,000 sq.ft. freestanding building situated on 10.09 acres along Commercial Way in Spring Hill, FL. Area retail includes Publix, Home Depot, Target, Walmart and Lowe’s Home Improvement. The company is also selling a 7,800 sq.ft. freestanding building located at the intersection of 34th Street North and 10th Avenue North in St. Petersburg, FL. For more information, contact Gulfcoast Commercial, 2552 22nd Avenue North, St. Petersburg, FL 33713; 727-8231605, Fax 727-897-9579; Web site: www.gulfcoastcommercial.net.

DeBartolo Development, LLC sold a parcel at Riverview Bell Plaza, a 300,000 sq.ft. development situated on 53 acres at the intersection of U.S. Highway 301 and Big Bend Road in St. Petersburg, FL. Wal-Mart Stores, Inc. acquired the property for $5.2 million and plans to construct a Sam’s Club at the site.

For more information, contact DeBartolo Development, LLC, 4401 West Kennedy Boulevard, 3rd Floor, Tampa, FL 33609; 813676-7677, Fax 813-676-7696; Web site: www.debartolodevelopment.com.

Winick Realty Group, LLC is selling a 7,000 sq.ft. space located at the intersection of Southern Boulevard and East 147th Street in Bronx, NY. The asking price is $1.5 million.

For more information, contact Steven L. Weissmann, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2609, Fax 212-7922660; Email: steven@winick.com; Web site: www.winick.com.

Cushman & Wakefield is selling a portfolio of four NNN-leased Rite Aid sites located in MS, OH, PA and WV. The properties are available individually.

For more information, contact Eric Williams or Mark Gilbert, Cushman & Wakefield; 305-5332850; Emails: eric.williams@cushwake.com and mark.gilbert@cushwake.com.

Dealmakers

The Boulder Group, on behalf of a client, is looking to acquire properties nationwide.

Suitable properties feature tenants bound to ground leases and are priced between $1 million and $3 million with a Cap rate above 7.5%. The company is also selling a Walgreens site located in the Barrington area of Chicago, IL. The tenant is bound to a 25-year lease. The NOI is $690,000. The asking price is $9.45 million with a Cap rate of 7.3%. The company is also, on behalf of a client, selling a freestanding OfficeMax site located in the Yorkville area of Chicago, IL. The tenant is bound to an eight-year lease.

The NOI is $306,000. The asking price is $3.38 million with a Cap rate of 9.05%.

For more information, contact Randy Blankenstein, The Boulder Group, 666 Dundee Road, Suite 1801, Northbrook, IL 60062; 847-562-0003, Fax 847-589-1217; Email: randy@bouldergroup.com; Web site: www.bouldergroup.com.

First Western Properties is selling a 2,791 sq.ft. Burger King situated on a land area of 15,300 sq.ft. along East Sibley Boulevard in Dolton, IL. The tenant is bound to a NNN lease. Area demographics include a population of 278,140 within a five-mile radius earning an average household income of $53,797. The average daily traffic count is 34,000 vehicles. The NOI is $60,000. The asking price is $750,000 with a Cap rate of 8%. The company is also selling a 4,572 sq.ft. center located at the intersection of Michigan Avenue and 51st Street in the Washington Park area of Chicago, IL. Tenants at the center include Subway. Area demographics include a population of 748,126 within five miles earning $55,553 as the average household income. The NOI is $66,761. The asking price is $1.75 million.

For more information regarding the Dolton property, contact Tom Nicholopoulos, First Western Properties, 4431 North Milwaukee Avenue, Unit B, Chicago, IL 60630; 773-545-2000, Fax 773-545-4067; Email: nicholopoulos.tom@gmail.com. For more information regarding the Chicago property, contact Leo Solarte; Email: solarte.leo@gmail.com.

Bob Bassel Realties, Inc. is looking to acquire retail properties nationwide and throughout Canada. Suitable properties feature tenants bound to NNN leases with 10 to 15 years remaining on the original lease term.

For more information, contact Bob Bassel, Bob Bassel Realties, Inc., 1312 St. Catherine Street West, Suite 318, Montreal, Quebec, Canada H3G 1P6; 514-871-9414, Fax 514871-9506; Email: info@bobbassel.com. (continued on page twenty-four)

www.dealmakers.net

4/15/2010 3:18:33 PM

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052810_CS3.indd 23

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Buyers and Sellers (continued from page twenty-two)

The Katsias Co. negotiated the sale of a 3,600 sq.ft. Coyote Café located along Laskin Road in Virginia Beach, VA. Jack’s Bistro, Inc. acquired the property. The company represented the seller in the transaction.

For more information, contact Richie Boner, The Katsias Co., 512 South Lynnhaven Road, Suite 101, Virginia Beach, VA 23452; 757-490-3585, Fax 757-490-3676; Web site: www.katsias.com.

Surrey Equities, LLC is looking to acquire power and strip centers located in the eastern region of the U.S. Suitable properties feature GLAs above 75,000 sq.ft. and are priced above $7.5 million.

For more information, contact Albert Silvera, Surrey Equities, LLC, 885 Second Avenue, Suite 3400, New York, NY 10017; 212-619-0059, Fax 212-619-0069; Email: albert@surreyequities.com.

ABC Fine Wine and Spirits is selling a 2,777 sq.ft. building located along Ringling Boulevard in Sarasota, FL. Area demographics include a population of 160,335 within a fivemile radius earning an average household income of $84,124. The average daily traffic count is 15,000 vehicles. The asking price is $290,000. The company is also selling an 8,700 sq.ft. building situated on 0.53 acres at the intersection of Walnut Street and Edwards Road in Starke, FL. Area demographics include a population of 12,855 within a five-mile radius earning an average household income of $46,331. The average daily traffic count is 28,500 vehicles. The asking price is $999,000.

For more information, contact Chris Quarles, ABC Fine Wine and Spirits, PO Box 593688, Orlando, FL 32859; 407-8510000 Ext. 2514, Fax 407-857-0469; Email: chrisq@abcfws.com; Web site: www.abcfws.com.

Paster Enterprises, LLC is looking to acquire grocery-anchored and other high-quality retail properties throughout the Twin Cities area of MN. For more information, contact Lisa Store, Paster Enterprises, LLC, 2227 University Avenue, St. Paul, MN 55114-1677; 651646-7901, Fax 651-646-1389; Email: lstore@paster-enterprises.com; Web site: www.pasterenterprises.com.

Genesis Management is looking to acquire strip centers located throughout the southeastern region of the U.S. Suitable properties feature GLAs of 30,000 sq.ft. and occupancy rates of 75%, and are priced between $4 million and $18 million with a Cap rate of 8.5%.

For more information, contact Isaac Seruya, Genesis Management, PO Box 366, Oakhurst, NJ 07755; 919-280-8800; Email: isaac@genesis-mgt.com. page 24

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May 28, 2010

The

Tailwinds Development, LLC is selling a 1.8-acre site located at the intersection of State Route 19 and Lane Park Cutoff Road in Tavares, FL. Area demographics include a population of 238,880 within a 10-mile radius earning an average household income of $56,140. The asking price is $949,000.

The company is also selling a parcel located at the intersection of Ft. Smith Boulevard and Courtland Boulevard in Deltona, FL. The site is approved for a drive-thru. Area retail includes Fifth Third Bank, SunTrust Bank, Publix and Ace Hardware. Area demographics include a population of 71,894 within a five-mile radius earning an average household income of $56,341. The asking price is $1.25 million.

For more information, contact Mike Rich or James T. Gendreau, Tailwinds Development, LLC, 1251 Miller Avenue, Suite A, Winter Park, FL 32789; 407-496-5335 or 407-620-2106; Emails: mrich@tailwindsdevelopment.com and jgendreau@tailwindsdevelopment.com.

McCollom Realty, Ltd. is selling a 12,093 sq.ft. former Walgreens located in Chicago, IL. The company is also selling an 1,825 sq.ft. former Long John Silver’s located in Calumet City, IL. The company is also selling a 10,081 sq.ft. strip center located in St. John, IN. Tenants include Quiznos, BoRics and China Wok. The company is also selling a 12,650 sq.ft. former Walgreens located in Gary, IN. For more information, contact McCollom Realty, Ltd., 1010 Lake Street, Oak Park, IL 60301; 708-383-6450, Fax 708-383-1120; Web site: www.mccollomrealty.com.

AmCap, Inc. is looking to acquire stabilized neighborhood and community shopping centers nationwide. Suitable properties are anchored by grocery stores or national retailers.

For more information, contact Jake Bisenius, AmCap, Inc., 1281 East Main Street, Stamford, CT 06902; 203-327-2001; Email: bisenius@amcap.com; Web site: www.amcap.com.

The Kinetic Cos. looks to acquire triple-net properties, outlet, power and strip centers and malls located throughout the southwestern region of the U.S. Suitable properties feature GLAs between 25,000 sq.ft. and one million sq.ft. and are priced between $2 million and $40 million.

For more information, contact Joel Moyes, The Kinetic Cos., 2575 East Camelback Road, Esplanade Tower IV, Suite 450, Phoenix, AZ 85016; 480-365-1960, Fax 480-365-1961; Email: joel@kineticcompanies.com; Web site: www.kineticcompanies.com.

Dealmakers

Stan Johnson Co. is selling a 21,000 sq.ft. hhgregg situated on a land area of 1.6 acres at the intersection of Glencrossing Way and Anderson Ferry Road in Cincinnati, OH. The tenant is bound to a NNN lease with 3.5 years remaining on the original lease term. Area retail includes Glenway Crossing Center, featuring Michaels, Shoe Carnival, Dollar General, GameStop, Tuesday Morning, Sport Clips, GNC, Best Buy, Hobby Lobby, Urban Active Fitness Center, Dick’s Sporting Goods, AutoZone and Bigg’s Grocery Store. The NOI is $176,612. The asking price is $1.55 million with a Cap rate of 11.39%. The company is also selling a 13,813 sq.ft. CVS situated on two acres along Jones Road in Jersey Village, TX. The tenant is bound to a 20-year lease with 16 years remaining on the original lease term and featuring four, five-year options.

Area retail includes Starbucks, Bank of America, Sears, Sam’s Club and Kroger. The NOI is $270,491. The asking price is $3.785 million. The company is also selling a freestanding 14,490 sq.ft. Walgreens situated on 1.9 acres at the intersection of Monfort Drive/Prestonwood Town Center Road and Belt Line Road in Dallas, TX. The tenant is bound to a 25-year NNN lease featuring 10, five-year options. Area retail includes Walmart, Petco, Office Depot, DSW, Barnes & Noble and Bed Bath & Beyond. The NOI is $466,425. The asking price is $6.91 million with a Cap rate of 6.75%.

For more information regarding the Cincinnati property, contact Gill M. Warner, Stan Johnson Co., Two Warren Place, 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918-494-2690, Fax 918-494-2692; Web site: www.stanjohnsonco.com. For more information regarding the Dallas property, contact Jeff Matulis. For more information regarding the Jersey Village property, contact Hunter Jaggard; 832-476-3440.

Campana Waltz Commercial Real Estate, LLC is selling outparcels to Moss Creek Commerce Centre, a 22-acre mixed-use development located at the intersection of Fieldstone Parkway and Old Stage Road in Toano, VA. A 1.079-acre pharmacy site is available for $1.5 million; a 1.25-acre bank site is available for $500,000; a 2.9acre convenience store site is available for $1 million, and a 5.15-acre retail site is available for $1.025 million. The properties are available in a portfolio with an asking price of $1.95 million.

For more information, contact Aeri Jai, Campana Waltz Commercial Real Estate, LLC, 11832 Fishing Point Drive, Suite 400, Newport News, VA 23606; 757-327-0333; Email: aeri@campanawaltz.com. (continued on page twenty-six)

www.dealmakers.net

4/15/2010 3:18:34 PM

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4/15/2010 3/29/10 3:34:25 3:18:39 PM PM

Buyers and Sellers (continued from page twenty-four)

Plaza Advisors is selling Mariner’s Village, a 133,441 sq.ft. center situated on 13.5 acres at the intersection of Michigan Avenue and Conway Road in Orlando, FL. The center is 94.3% leased with tenants including WinnDixie, LA Fitness, Walgreens, Firehouse Subs, MetroPCS, Beauty Alliance and Blockbuster Video. Area demographics include a population of 265,085 within a five-mile radius earning an average household income of $61,949. The average daily traffic count is 46,597 vehicles. The NOI is $1.399 million.

The asking price is $14.725 million with a Cap rate of 9.5%.

For more information, contact Anthony Blanco, Plaza Advisors, 5201 Blue Lagoon Drive, Suite 846, Miami, FL 33126; 305629-3606, Fax 305-647-6441; Email: anthony.blanco@plazadvisors.com; Web site: www.plazadvisors.com. Or Jim Michalak, 3412 Bay to Bay Boulevard, Tampa, FL 33629; 813-837-1300, Fax 813-831-2627; Email: jim.michalak@plazadvisors.com.

South Investment Property is looking to acquire bank and restaurant properties located throughout FL and TX. Suitable properties feature tenants bound to NNN leases and are priced between $1 million and $1.5 million with a Cap rate above 8%.

For more information, contact Matt Rotolante, South Investment Property, 9811 Wayne Avenue, Miami, FL 33157; 305-235-1500, Fax 305-397-2508; Email: matt@southinvestmentproperty.com; Web site: www.southinvestmentproperty.com.

Pyramid Brokerage Co., Inc. is selling Liberty Plaza, an 80,846 sq.ft. center located at the intersection of Route 5/20 and Balsley Road in Seneca Falls, NY. The center is 89% occupied with tenants including Grossman’s Bargain Outlet and Salvation Army. The NOI is $300,000. The asking price is $3.3 million with a Cap rate of 9%.

For more information, contact Joyce Mawhinney MacKnight, Pyramid Brokerage Co., Inc., PO Box 3, 5786 Widewaters Parkway, Syracuse, NY 13214-0003; 315445-8514, Fax 315-445-2074; Email: jmacknight@pyramidbrokerage.com; Web site: www.pyramidbrokerage.com.

Peterson Properties is selling a 2,947 sq.ft. freestanding restaurant with a drive-thru situated on a land area of 30,240 sq.ft. along South Limestone Street in Springfield, OH. The asking price is $210,000.

For more information, contact Sally Peterson, Peterson Properties, PO Box 5036, Balboa Island, CA 92662; 760-371-5204; Email: spete@hughes.net. page 26

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May 28, 2010

The

Titan Commercial is selling a 6,250 sq.ft.

Buffalo Wild Wings situated on a land area of 39,450 sq.ft. along South Randall Road in Algonquin, IL. The tenant is bound to a 20year NNN lease with 15 years remaining on the original lease term. Area retail includes Meijer, Dominick’s and Walgreens. The average daily traffic count is 75,200 vehicles.

The asking price is $3.387 million with a Cap rate of 7.75%. The company is also selling a 7,000 sq.ft. Buffalo Wild Wings situated on 1.5 acres along East Empire Street in Bloomington, IL. The asking price is $3.2 million. The company is also selling a 7,000 sq.ft. two-level freestanding building situated on a land area of 21,000 sq.ft. along West Irving Park Road in Hanover Park, IL. Area demographics include a population of 257,740 within five miles earning $95,571 as the average household income. The average daily traffic count is 34,500 vehicles. The asking price is $735,000.

For more information, contact Dan Steinberg or Ben Rosenfield, Titan Commercial, 225 North Columbus Drive, Suite 100, Chicago, IL 60601; 313-373-7100; Emails: dsteinberg@titancre.com and brosenfield@titancre.com.

Cedar Shopping Centers, Inc. is looking to acquire grocery-anchored power and strip centers located throughout CT, DE, MA, MD, NH, NJ, NY, PA, RI, VA and Washington, DC. Suitable properties feature GLAs between 50,000 sq.ft. and 600,000 sq.ft., are priced above $5 million and have valueadded potential.

For more information, contact Victoria Giambrone, Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Suite 304, Port Washington, NY 11050; 516767-6492, Fax 516-767-6497; Email: info@cedarshoppingcenters.com; Web site: www.cedarshoppingcenters.com.

AEI Capital Corp. is looking to acquire netleased properties nationwide. The company will consider existing locations, developments and sale-leaseback properties.

For more information, contact George Rerat, AEI Capital Corp., 30 East Seventh Street, Suite 1300, St. Paul, MN 55101; 651227-7333; Email: grerat@aeifunds.com; Web site: www.aeifunds.com.

ARC Property Trust is looking to acquire net-leased properties, existing properties and development projects from NY to Washington, DC. The company will also consider joint venture opportunities.

For more information, contact Steve Maloy, ARC Property Trust, 1401 Broad Street, Clifton, NJ 07013; 973-249-1000 Ext. 114.

Dealmakers

Cowpath Americus, LLC is selling Eastgate Plaza, a 44,365 sq.ft. strip center situated on 4.12 acres at the intersection of East Lamar Street, East Forsythe Street and Manhattan Street in Americus, GA. The center is 85% occupied with tenants including Save-A-Lot, AutoZone, Shoe Show and Family Dollar.

Area demographics include a population of 19,421 within a five-mile radius earning an average household income of $43,985. The average daily traffic count is 27,000 vehicles.

The NOI is $160,000. The asking price is $1.88 million with a Cap rate of 8.5%. An existing mortgage of $1.2 million must be assumed as part of the sale.

For more information, contact Robert A. Weil, Cowpath Americus, LLC, 33 Old Field Hill Road, Suite 27, Southbury, CT 06488; Email: cowpath55@yahoo.com.

KB Real Estate, Inc. is selling a 68,000 sq.ft. former Garden Fresh Market situated on 6.4 acres along Northwest Highway in Crystal Lake, IL. Area retail includes Target, Sam’s Club, Best Buy, Kmart and Dominick’s.

Area demographics include a population of 141,767 within a five-mile radius earning an average household income of $105,868. The average daily traffic count is 28,500 vehicles.

For more information, contact Rich Kahan or Tony Kahan, KB Real Estate, Inc., 790 Frontage Road, Suite 315, Northfield, IL 60093; 847-441-4425/4424; Emails: rkahan@kbrealestate.com and tkahan@kbrealestate.com; Web site: www.kbrealestate.com.

The Rotella Group, Inc. is selling a 23.63acre development parcel located at the intersection of Hillsboro Boulevard and State Route 7 in Coconut Creek, FL. Tradearea demographics include a population of 99,866 earning an average household income of $97,449. The average daily traffic count is 28,500 vehicles.

For more information, contact Buzz Smith or Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Emails: buzz@rotellagroup.com and steve@rotellagroup.com; Web site: www.rotellagroup.com.

RD Management, LLC is selling a 22-acre parcel located at the intersection of Interstate 75 and Holly Road in Grand Blanc, MI. For more information, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com. (continued on page thirty)

www.dealmakers.net

4/15/2010 3:18:39 PM

2005:Ê352ÊSTORESÊ|Ê2006:Ê434ÊSTORESÊ|Ê2007:Ê548ÊSTORESÊ|Ê2008:Ê626ÊSTORESÊ|Ê2009:Ê723ÊSTORES

LeasingÊContact: FrankÊPacera:Ê609-645-5447 Frank.Pacera@SpiritHalloween.com MeghanÊMcGlone:Ê609-645-5548 Meghan.McGlone@SpiritHalloween.com

VisitÊourÊboothÊatÊ theÊMayÊRecon.

S Ê 6 2 0 Ê W Ê S t re e t

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Let’sÊsignÊaÊdealÊnow!Ê5,000ÊtoÊ10,000Êsq.Êft.ÊspacesÊneeded.ÊNoÊspaceÊisÊtooÊlarge!ÊShoppingÊcenters,ÊoutletÊ centers,ÊfreestandingÊandÊmajorÊmalls.ÊIdealÊLeaseÊTerm:Ê8-16ÊthroughÊ11-12.ÊOurÊ850ÊstoresÊwillÊfillÊaÊlotÊofÊ vacantÊspacesÊandÊbringÊtrafficÊtoÊyourÊcenters.ÊKickÊoutÊclauseÊthroughÊJulyÊincludedÊinÊallÊagreements.

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4/15/2010 3:18:40 PM

Apparel Chains Expand Nationwide (continued from page one)

10 Spot and MadRag operate 29 locations throughout NJ and NY. The women’s apparel stores occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in urban/downtown areas and specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation

by Welco Realty. Preferred demographics include a population of 150,000 within three miles earning $35,000 to $50,000 as the average household income. Kid City operates 15 locations throughout NJ, NY and PA. The children’s apparel stores occupy spaces of 10,000 sq.ft. in malls, downtown

areas and outlet, power and strip centers.

Growth opportunities are sought throughout NJ and NY during the coming 18 months, with representation by Welco Realty.

For more information, contact Jerry Welkis, Welco Realty, 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914576-7596; Email: jwelkis@welcorealty.com; Web site: www.welcorealty.com.

Marks Work Wearhouse operates 350 locations throughout Canada. The stores, offering men’s and women’s casual, business, work and safety apparel and footwear, occupy spaces of 5,000 sq.ft. to 15,000 sq.ft. in freestanding locations

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page 28

052810_CS3.indd 28

May 28, 2010

The

Dealmakers

and power centers. Growth opportunities are sought throughout the existing market during the coming 18 months.

For more information, contact Paul Wilson, Marks Work Wearhouse, #30 1035-64th Avenue Southeast, Calgary, Alberta, Canada T2H 2J7; 403-255-9220, Fax 403-692-7566; Web site: www.marks.com.

Liz Claiborne, Inc. trades as Lucky Brand Jeans, Juicy Couture and Kate Spade at 220 locations throughout AZ, CA, CO, FL, IL, MA, NJ, NV, NY, PA, SC, TX, UT, VA and Washington, DC. The upscale apparel stores occupy spaces of 1,800 sq.ft. to 4,000 sq.ft. in malls and lifestyle centers. Growth opportunities are sought along the eastern and western U.S. coasts during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required.

Preferred cotenants include Bloomingdale’s, Nordstrom, Neiman Marcus and Saks.

Preferred demographics include a population of 500,000 within 10 miles earning $75,000 as the average household income.

For more information, contact Brian Dwan, Liz Claiborne, Inc., 3340 Leonis Boulevard, Vernon, CA 90058; 323-282-4100, Fax 323282-2365.

The Cato Corp. trades as Cato Fashions, It’s Fashion and It’s Fashion Metro at 1,250 locations nationwide throughout 31 states. Catio Fashions, offering value-priced women’s apparel, occupies spaces of 4,000 sq.ft. to 5,000 sq.ft. in strip centers. The Rotella Group Inc., represents the company throughout southeast FL. It’s Fashion Metro operates 60 locations throughout AL, AR, FL, GA, LA, MS, NC, OK, SC, TX and VA. The stores, offering trendy, urban-inspired apparel for the family, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in urban/downtown areas.

Growth opportunities are sought throughout southeastern FL during the coming 18 months, with representation by The Rotella Group, Inc. For more information, contact Peter Hogan, The Cato Corp., PO Box 34216, Charlotte, NC 28234; 704-551-7687; Email: phoga@catocorp.com; Web site: www.catocorp.com. For more information regarding expansion opportunities in southeastern FL, contact Jeff Kalil, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: jeff@rotellagroup.com; Web site: D www.rotellagroup.com. M follow us on twitter at: twitter.com/dealmakersmag become a facebook fan at: www.facebook.com/thedealmakers

www.dealmakers.net

4/15/2010 3:18:40 PM

Real Estate Capital Available

for Today’s Economic Conditions Karpoff Affiliates, LLC as consultants have developed the relationships necessary in today’s economy to provide the type of lending for developers, as well as other industries.

Types of Loans considered:  Real estate  Energy and alternative energy  Medical  Technology  Manufacturing

We help developers complete their projects all over the world.

We analyze projects and provide equity and debt up to 100%.

Karpoff Affiliates, LLC will evaluate each project and create comprehensive financing packages that allow you to complete your projects with funding from direct lenders to achieve your original vision.

Our Financing Team is Ready to Assist You Today!

Karpoff affiliates, llC Marilyn Karpoff | 646-522-1637 New email: karpoffaffiliates@yahoo.com Website: www.karpoffaffiliates.com 052810_CS3.indd 29

4/15/2010 3:18:41 PM

Buyers and Sellers (continued from page twenty-six)

Centers Business Management is selling a 10,400 sq.ft. center situated on a land area of 16,000 sq.ft. at the intersection of Venice Boulevard and Inglewood Boulevard in Los Angeles, CA. The center is 100% occupied with tenants including Kirby’s Pet Depot.

The tenants are bound to NNN leases set to expire during 2014. Area retail includes Pizza Hut, Carl’s Jr., Subway and CVS. The asking price is $3.175 million.

For more information, contact Rick Rivera, Centers Business Management, 1517 South Sepulveda Boulevard, Los Angeles, CA 90025; 310-575-1517, Fax 310-575-1147; Email: rickr@cbm1.com.

Brown and Associates is looking to acquire strip centers located throughout the Denver, CO metropolitan area. Suitable properties feature GLAs between 10,000 sq.ft. and 100,000 sq.ft. and occupancy rates between 90% and 95% and are priced below $10 million with a Cap rate of 9%.

For more information, contact Sam Brown, Brown and Associates, 9191 14th Street, Suite 515, Boulder, CO 80302; 303-938-9946, Fax 303-938-9983; Email: sambobbb@aol.com; Web site: www.brown-associates.com.

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May 28, 2010

The

Londregan Commercial Real Estate Group is selling a property situated on 2.176 acres along Boston Post Road in Old Saybrook, CT. The average daily traffic count is 13,600 vehicles. The asking price is $775,000. The company is also selling a 21.25-acre parcel located at the intersection of Willetts Avenue and Myrock Avenue in Waterford, CT. The asking price is $2.45 million.

For more information, contact Barbara Barron, Londregan Commercial Real Estate Group, 129 Main Street, Old Saybrook, CT 06475; 860-388-9100, Fax 860-388-3584; Email: bbarron@londregan.com; Web site: www.londregan.com.

Brauvin Real Estate is selling a two-tenant property located along Interstate 70 in North Belle Vernon, PA. 7-Eleven and McDonald’s tenant the site under NNN leases featuring annual rent escalations. The average daily traffic count is 42,000 vehicles. The asking price is $1.556 million with a Cap rate of 7.5%.

For more information, contact John Siragusa, Brauvin Real Estate, 205 North Michigan Avenue, Suite 1900, Chicago, IL 60601; 312-759-7687; Email: jsiragusa@brauvin.com.

Dealmakers

Aztec Group, Inc. negotiated the sale of Biscayne Retail, a 75,000 sq.ft. center located in Aventura, FL. At the time of sale, Borders anchored the center. DEER Capital, LLC acquired the center for $15.25 million from Turnberry Associates. The company represented the buyer and the seller in the transaction, and arranged a $7.875 million note for the buyer.

For more information, contact Howard Taft or Charles Penan, Aztec Group, Inc., 2665 South Bayshore Drive, PH2A, Coconut Grove, FL 33133; 305-9388619/8621; Emails: htaft@aztecgroup.com and cpenan@aztecgroup.com; Web site: www.aztecgroup.com.

Eagle Commercial Realty Services is selling a 6,656 sq.ft. retail building situated on 1.05 acres at the intersection of Lindsay Road and Broadway Road in Mesa, AZ. The asking price is $1.275 million.

For more information, contact David G. Verwer, Eagle Commercial Realty Services, 2929 North 44th Street, Suite 345, Phoenix, AZ 85018; 602-778-5133, Fax 602-7780416; Email: dverwer@ccim.net; Web site: www.eaglecommercial.com. (continued on page forty-eight)

www.dealmakers.net

4/15/2010 3:18:41 PM

Look Who’s Still Growing Strong!

7- Eleven is poised for growth this year and beyond.

Despite the current market and economic woes, bankruptcies, downsizing and retail store closings, 7-Eleven, the leader for over 82 years in convenience retailing, is still growing strong! 7-Eleven plans to add 300+ stores annually in the U.S. and Canada in 2010 and beyond. With our flexible development program, we can build or convert sites of all types: including ground up, freestanding, shopping center, urban walk-up. We consider all types of development including purchase lease and build to suit.

To learn more, go to 7-Eleven.com and click on the “Real Estate” link.

Or call the regional manager in one of our growth areas.

We’re at RECon in May! Visit us at Booth #S481 Q Street NYC Metro/Boston Ken Barnes 860-291-6910 Ken.Barnes@7-11.com

North NJ/Philly Armand Keurian 609-860-5020 Armand.Keurian@7-11.com

Denver/Las Vegas/SLC Grant Distel 303.740.2919 Grant.Distel@7-11.com

052810_CS3.indd 31

Wash DC/Baltimore/ Hampton Roads Nancy Wade 410-882-3105 x621 Nancy.Wade@7-11.com

San Diego/Riverside Alex Czopek 714-674-4259 Alex.Czopek@7-11.com

Florida Jim Bauer 407-532-2067 Jim.Bauer@7-11.com

Greater Los Angeles Ron Reger 714-674-4334 Ron.Reger@7-11.com

Chicago/Detroit Chris Benne 630-366-3199 Chris.Benne@7-11.com

Seattle/Portland/ SF Bay Area/Sacramento Marc Clough 253-796-7129 Marc.Clough@7-11.com

Dallas-Ft Worth/Austin James Massey 214-861-1292 James.Massey@7-11.com

Canada: Calgary Edmonton/Vancouver Paul Jhooty 604-586-1615 Paul.Jhooty2@7-11.com

4/15/2010 3:18:42 PM

Who’s Opening and Where dressbarn, Inc. (845-369-4801, 614775-3500 or 218-727-8431) plans to open dressbarn and Justice locations nationwide and 35 to 50 Maurices locations throughout the midwestern region of the U.S. during the coming 18 months. The company currently operates 840 dressbarn stores, 900 Justice stores and 750 Maurices locations nationwide.

Toppers Pizza (262-473-6666), through corporate and franchisees, plans to open 100 pizzerias by 2013 and 500 by 2020.

The restaurants offer specialty pizzas and operate with late-night hours. The company currently operates 25 units throughout the Midwest.

Saladworks, LLC (610-825-3080), through franchisees, plans to open 60 Saladworks restaurants during the next several years, including eight locations throughout Orange County in CA. The restaurants offer fresh, made-to-order entrée-size salads and soups.

The Orange County franchisee is looking to open locations in Anaheim, Costa Mesa, Irvine and Mission Viejo, CA. The company currently operates 100 franchise units throughout 11 states nationwide.

Eye Care Centers of America, Inc. (210340-3531) plans to open Visionworks eye care centers throughout western PA this year, including sites in Greensburg, at Ross Park Mall and Southland Four Seasons in Pittsburgh and at Waterfront Towne Center in Homestead. The company recently opened stores at Monroeville Mall in Monroeville, PA; South Hills Village in Bethel Park, PA; Cranberry Commons in Cranberry Township, PA, and The Mall at Robinson in Pittsburgh, PA. The company currently operates 430 eye care centers nationwide throughout 35 states under the EyeMasters, Visionworks, VisionWorld, Doctor’s VisionWorks, Dr. Bizer’s VisionWorld, Dr. Bizer’s ValuVision, Doctor’s ValuVision, Hour Eyes, Stein Optical, Eye DRx and Binyon’s trade names.

Mattress Firm, Inc. (713-923-1090) plans to open 10 Mattress Firm stores throughout WI this year as the company enters the state. The first of these stores opened during February at Shoppes at Pleasant Prairie, located along 77th Street in Pleasant Prairie, WI. The stores offer name-brand and private-label mattresses along with bedding and accessories. The company currently operates 500 units throughout 22 states nationwide.

Diversified Restaurant Holdings, Inc. (248223-9160) will open as many as two Bagger Dave’s Legendary Burgers & Fries restaurants throughout MI. The company developed the restaurant concept as a bridge between fastfood and casual dining, and opened the first two locations during 2008. The company will open 24 units during the next six years, with some openings through franchisees. The company is also a franchisee of Buffalo Wild Wings, operating 16 units throughout FL and MI and planning to open an additional 22 locations by 2017, including restaurants in Chesterfield and Marquette, MI that are slated to open later this year.

J. Crew Group, Inc. (212-209-2719) plans to open 15 stores this year and more during 2011. The company currently operates 218 J. Crew, nine Crewcuts and 17 Madewell stores nationwide, in addition to 79 factory outlet stores.

Big 5 Sporting Goods Corp. (310-536-0611) plans to open between 10 and 15 Big 5 Sporting Goods stores during its 2010 fiscal year. The company opened three stores and relocated a fourth during the first quarter. (continued on page forty-six)

Nielsen Pop Quiz

WHICH RETAIL LOCATION HAS THE MOST REVENUE POTENTIAL?

WANT THE ANSWER? JUST ASK NIELSEN.™ Nielsen’s market and site analysis solutions can help you improve your location selection, market planning and customer targeting strategies.

Visit www.nielsen.com or call 877-707-2385. © 2010 The Nielsen Company. 847A/0410

Nielsen Claritas is now Nielsen—Visit us at booth S4025 at ICSC RECon page 32

052810_CS3.indd 32

May 28, 2010

The

Dealmakers

www.dealmakers.net

4/15/2010 3:18:42 PM

The Next Move Could Be Yours.

Bricktown, NJ Centereach, NY East Meadow, NY Farmingdale, NY Middle Island, NY Setauket, NY

Lake Grove, NY Manhasset, NY Plainview, NY Sayville, NY

Dix Hills, NY East Meadow, NY East Northport, NY Hempstead, NY

Carle Place, NY Farmingdale, NY Hicksville, NY Uniondale, NY

Bay Shore, NY East Northport, NY Farmingdale, NY Setauket, NY

Medford, NY Patchogue, NY

Massapequa, NY

Coram, NY Hempstead, NY Patchogue, NY

Kingston, NY Middletown, NY Newburgh, NY

Levittown, NY

East Meadow, NY Medford, NY Montgomery, NY Smithtown, NY

Farmingdale, NY Sayville, NY

SIXTH AVENUE ELECTRONICS

Old Bridge, NJ Levittown, NY Oceanside, NY Seaford, NY Stonybrook, NY

Carle Place, NY East Northport, NY Nesconset, NY

Farmingdale, NY Westbury, NY

East Meadow, NY Farmingdale, NY

Puerto Rico

Bay Shore, NY, Huntington Sta., NY Massapequa, NY Sayville, NY

Bethel, CT Hewlett, NY New Hyde Park, NY Plus 10 Additional Locations

Bayshore, NY

Bethel, CT

Sayville, NY

Levittown, NY

Bethel, CT Plainview, NY Wantagh, NY

Deer Park, NY Plus 6 Additional Locations

Lake Grove, NY West Hempstead, NY

Baldwin, NY East Meadow, NY Hempstead, NY Sayville, NY

East Meadow, NY Farmingdale, NY Hempstead, NY Philadelphia, PA

West Haven, CT Kingston, NY

Carle Place, NY Plainview, NY

Commack, NY Deer Park, NY Plus 28 Additional Locations

Levittown, NY

Visit us at Booth S236 Q Street at RECon 2010!

Robert Delavale | Director of Leasing | 516-741-7400 x230 | rdelavale@breslinrealty.com 500 Old Country Road, Suite 200 | Garden City, NY 11530 | Fax 516-741-5621 www.breslinrealty.com

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4/15/2010 3:18:44 PM

Food Retailers Expand Nationwide C&B Restaurant Corp. trades as KFC at 10 locations throughout NJ and NY. The fastfood restaurants occupy spaces of 2,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout Bergen County, NJ and Rockland County, NY during the coming 18 months.

For more information, contact Joseph Cavegn, C&B Restaurant Corp., 14 John Street, Stony Point, NY 10980-1912; 845-429-7504, Fax 845-429-7564; Email: jckfc10@aol.com.

Frontera Mex-Mex Grill operates 11 locations throughout Atlanta, GA. The Mexican restaurants occupy spaces of 4,800 sq.ft. to

Show uS your dealS!

5,500 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout Charlotte, NC during the coming 18 months, with representation

by The Shumacher Group. Typical leases run 10 years. Major competitors include Chili’s, Rio Bravo, On the Border and Don Pablo’s.

A land area of 1.25 acres is required for freestanding locations.

For more information, contact Irving Jacobson, The Shumacher Group, 3188 Saybrook Drive, Atlanta, GA 30319; 770-396-4074, Fax 770-396-4657; Email: irvjk@aol.com; Web site: www.fronteramexmexgrill.com.

as principals we are looking to acquire: • Retail, office, and bulk condos throughout the eastern half of the United States • Properties with a minimum of 100,000 SF (25,000 SF in the NY Metro area) • Distressed value-added deals or stabilized deals with upside potential • Non-performing notes with the above mentioned criteria • Deal Size: $1,000,000 - $100,000,000 Please send all site submittals to: acquisitions@masonam.com Elliot S. Nassim, President Mason Asset Management, Inc. 1000 Northern Blvd. Suite 375 Great Neck, NY 11021 (516) 371-5858 • (516) 734-0172 fax www.masonassetmanagement.com

page 34

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May 28, 2010

The

Dealmakers

Benihana operates 88 locations nationwide and internationally. The restaurants occupy spaces of 7,000 sq.ft. to 7,500 sq.ft. in freestanding locations and endcaps and inline spaces of shopping centers. Limited growth opportunities are sought throughout southern CA during the coming 18 months, with representation by CB Richard Ellis.

Preferred demographics include a population of 800,000 within 10 miles. Lawry’s Carvery operates three locations throughout Century City, Costa Mesa and Los Angeles, CA. The casual restaurants, offering lunch and dinner, occupy spaces of 3,000 sq.ft. in endcaps and inline spaces of shopping centers.

Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by CB Richard Ellis. The company requires sites with patio space.

Tin Roof Bistro operates one location in Manhattan Beach, CA. The restaurant prefers to occupy spaces of 5,000 sq.ft. in freestanding locations and endcaps of shopping centers.

Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by CB Richard Ellis.

Preferred demographics include a population of 300,000 within five miles earning $50,000 as the average household income. The company will consider build-to-suits.

For more information, contact Lynda Boyer, CB Richard Ellis, 1840 Century Park East, Suite 700, Los Angeles, CA 90067; 310-550-2579, Fax 310-203-9624; Email: lynda.boyer@cbre.com; Web site: www.cbre.com.

Brick House Tavern & Tap operates seven locations throughout IL, NJ, PA and TX. The restaurants and bars occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in freestanding locations.

Growth opportunities are sought throughout Baltimore, MD and Washington, DC during the coming 18 months, with representation

by Sax Realty, Inc. The company will also consider sites in urban areas and central business districts. P.F. Chang’s operates 197 locations nationwide. The upscale casual restaurants, offering traditional Chinese cuisine in a contemporary bistro setting, occupy spaces of 7,000 sq.ft. in freestanding locations, regional malls and lifestyle centers. Growth opportunities are sought throughout the Baltimore, MD and Washington, DC metropolitan areas during the coming 18 months, with representation

by Sax Realty, Inc. For more information, contact Les Sax, Sax Realty, Inc., 4931 Cordell Avenue, Bethesda, MD 20814; 240-497-1192, Fax 240-4971070; Email: lsax@saxrealty.com; Web site: www.saxrealty.com. (continued on page forty)

www.dealmakers.net

4/15/2010 3:18:50 PM

Our “Bread & Butter” centers have lofty sales

®

Cedar Balloons_Dealmakers.indd 052810_CS3.indd 35 1

4/15/2010 3/26/10 3:18:51 5:18 PM

SITE REquIREmEnTS: SIZE +/- 5,000 sq. ft. frontagE Minimum 45’ typES of locatIonS conSIdErEd SMall MarKEt: community centers, lifestyle centers, outlet centers MEtro frIngE: power centers, lifestyle centers, outlet centers prEfErrEd co-tEnancy SMall MarKEt: national discount retailer (Walmart), fashion department Store (J.c. penney), other Soft goods MEtro frIngE: fashion department Store (Kohl’s or J.c. penney), national discount retailer (target), discount department Store, other Soft goods dEMographIcS Market population - 25,000 - 150,000+ average household income of $40,000 - $80,000 • Small-market success for over 75 years • over 750 stores nationwide • plan to open 35-50 stores a year • fashion casual and dressy needs for women with a “20-something” attitude – most women’s styles in sizes 1 to 24

SITE REquIREmEnTS:

• Marketing strategy drives traffic and builds customer relationships through direct mail, ecommerce, e-mail, and grassroots programs within the community

SIZE 7,000 to 8,000 sq. ft.

• private label credit card with exclusive cardholder benefits that encourage repeat business

frontagE Minimum 70’ typES of locatIonS conSIdErEd power centers, regional and community centers, Metro downtown-financial areas, outlet centers ShoppIng cEntEr SIZE Minimum 150,000 sq. ft. gla prEfErrEd co-tEnancy discount department Stores, Supermarket, fashion anchor, other Soft goods dEMographIcS Minimum population - 120,000 people in a 5-mile radius.

Minimum median annual household income of $55,000 • proven success – 48 years in business • over 840 stores nationwide • plan to open 20-30 stores a year • fashions developed exclusively for dressbarn – sizes 4 to 24 and petites • dynamic marketing program drives traffic and builds customer relationships through direct mail, magazine & e-mail campaigns • private label credit card with exclusive cardholder benefits that encourage repeat business 052810_CS3.indd 36

4/15/2010 3:18:52 PM

Now has $2.5 billion in annual sales with nearly 2,500 stores and 3 strong, complementary brands.

dressbarn real estate department

4 SITE REquIREmEnTS: SIZE +/- 4,000 sq. ft.

Phone: 845-369-4804 e-mail us at realest@dressbarn.com 30 Dunnigan Drive, Suffern, NY 10901

frontagE Minimum 30’ typES of locatIonS conSIdErEd Malls, power Strip centers, outlet centers, lifestyle centers, community Strip centers ShoppIng cEntEr SIZE Minimum 150,000 sq. ft. gla prEfErrEd co-tEnancy fashion-oriented soft goods retailers, department stores, discount department stores

maurices real estate department Phone: 218-720-2071 e-mail us at tkaris@maurices.com 105 West Superior Street, Duluth MN 55802

dEMographIcS population: 100,000+ Median household income of $50,000+ $100,000+ households: 5,000+ • largest premier tween specialty retailer in the world: over 900 stores • provides the hottest fashion merchandise and accessories for tween girls ages 7-14 • attracts and caters to an average household income of over $110,000 • Blankets a database of over 75 million contacts with catazines, direct mail, and marketing pieces • the third largest tween girl apparel share in the country: over $900 million in 2009 sales

052810_CS3.indd 37

tween brands real estate department Phone: 614-775-3548 e-mail us at realestate@tweenbrands.com 8323 Walton Parkway, New Albany OH 43054

Please visit our RECon booth at C-190 K Street (@19th Avenue)!

4/15/2010 3:18:53 PM

Sources of Financing The Washington Trust Co. provided a $5.2 million loan for Meriden Retail, LLC for the refinancing of Silver Commons Shopping Center, a 26,260 sq.ft. center located at the intersection of South Broad Street and Route 5 in Meriden, CT. Tenants at the center include Starbucks, Cold Stone Creamery, AT&T Mobility, Aspen Dental, Hair Cuttery, FedEx Office, Liberty Travel and Pizza Hut. For more information, contact The Washington Trust Co., 23 Broad Street, Westerly, RI 02891; 401-348-1200; Web site: www.washtrust.com.

Karpoff Affiliates, LLC provides financing for projects nationwide and internationally.

For more information, contact Marilyn Karpoff, Karpoff Affiliates, LLC, The Chrysler Building, 132 East 43rd Street, Suite 343, New York, NY 10017; 646522-1637, Fax 646-607-7259; Email: karpoffaffiliates@yahoo.com; Web site: www.karpoffaffiliates.com.

Lighthouse Commercial Mortgage provides credit tenant lease financing. The company has lending packages for Kohl’s, Walmart, CVS, Lowe’s Home

New Construction

Improvement, Kroger, Walgreens, Target, Chase Bank and Bank of America. The company also provides non-recourse financing for commercial properties.

Notes are available in amounts above $20 million with a maximum loan-to-value ratio of 75%. The company also provides construction financing in amounts above $1 million with a maximum loan-to-value ratio of 75%.

For more information, contact Mike Anderson, Lighthouse Commercial Mortgage, 3220 Riverside Drive, Columbus, OH 43221; 614-340-3972; Email: manderson@lighthouse-commercial.com.

Johnson Capital provided a $9 million loan for Agoura Meadows Shopping Center, a 99,342 sq.ft. neighborhood shopping center anchored by Vons and CVS in Agoura Hills, CA. The note was provided for a 10-year term with a fixed interest rate and interestonly payments.

For more information, contact Kevin J. Burkhalter, Johnson Capital, 1801 Century Park East, Suite 1550, Los Angeles, CA 90067; 310-407-3251, Fax 310-286-7434; Email: kjburkhalter@johnsoncapital.com; Web site: www.johnsoncapital.com. DM

wANTEd Real Estate Investments Throughout North America Net Leased Investment Properties of All Types:

Retail Office • Industrial • Commercial • Buildings 10 to 15 Year Lease Term

to ly. ed ick ar u ep e q Pr os cl page 38

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May 28, 2010

Bob Bassel Bob Bassel Realties, Inc. info@bobbassel.com Office: (514) 871-9414 Fax: (514) 871-9506 Cell: (514) 946-9473 1312 St. Catherine St. West Suite 318 Montreal, Quebec, Canada H3G 1P6

The

Dealmakers

(continued from page four)

Breslin Realty is preleasing the following properties: a 550,000 sq.ft. center located in Stonington, CT; a 395,000 sq.ft. center located in Middle Island, NY; a 175,000 sq.ft. center located in West Hempstead, NY; a 151,000 sq.ft. center located in Yorktown Heights, NY; a 150,000 sq.ft. center located in Moriches, NY; Whitman Plaza, a 110,000 sq.ft. center located in Philadelphia, PA; a 45,000 sq.ft. center located in Miller Place, NY; a 15,000 sq.ft. center located in Seaford, NY; a 15,000 sq.ft. center located in Lawrenceville, NJ; a 10,000 sq.ft. center located in Selden, NY and a 5,000 sq.ft. center located in Islandia, NY. For more information, contact Breslin Realty, 500 Old Country Road, Suite 200, Garden City, NY 11530; 516-7417400, Fax 516-741-7128; Web site: www.breslinrealty.com.

Rock Commercial Real Estate is preleasing Gateway Hanover, a 500,000 sq.ft. center located in Hanover, PA. Space is available along with pad sites. Cotenants include Target and Olive Garden. The center is slated to open during July 2011.

For more information, contact Ryan Myers, Larry O’Brien or Benjamin Chiaro, Rock Commercial Real Estate; 717-854-5357; Web site: www.rockrealestate.net.

The Feil Organization is preleasing Carrollton Plaza Shopping Center, a 20-acre development located at the intersection of South Carrollton Avenue and Palmetto Street in New Orleans, LA. Spaces from 1,500 sq.ft. to 90,000 sq.ft. are available. The company is also redeveloping East Lake Shopping Center, a 20-acre project located at the intersection of Read Boulevard and North Interstate 10 Service Road in New Orleans, LA. Area retail includes Lowe’s Home Improvement.

For details, contact Glen Wilson or Brian K. Suiter, The Feil Organization, Seven Penn Plaza, New York, NY 10001; 504-835-8000, Fax 504-831-1170; Emails: gwilson@feilorg.com and bsuiter@feilorg.com; Web site: www.feilorg.com.

Urstadt Biddle Properties, Inc. is preleasing a 21,165 sq.ft. expansion of Staples Plaza, a 200,000 sq.ft. center located in Yorktown, NY. Area retail includes BJ’s Wholesale Club.

For more information, contact Linda Lacey, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-8638200 Ext. 202, Fax 203-861-6755; Web site: www.ubproperties.com. DM

www.dealmakers.net

4/15/2010 3:18:58 PM

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OUR PORTFOLIO OUR PORTFOLIO OUR PORTFOLIO OUR PORTFOLIO Mendota Plaza • Central Mendota Plaza Plaza • Crystal • Central Shopping Plaza •Center Crystal•Shopping Crystal Town Center Center • Crystal Town Center Mendota Plaza • Central Plaza • Crystal Shopping Center • Crystal Town Center OUR PORTFOLIO Doddway Center •Doddway Lakeville Center Crossing •• Lakeville Lexington Crossing Plaza • Shoppes Lexington • Mounds Plaza Shoppes View • Mounds View Mendota Plaza Plaza • Crystal ShoppingPlaza Center • Crystal Town Center Doddway Center••Central Lakeville Crossing • Lexington Shoppes • Mounds View Square Northway Square CenterPlaza ••Northway Sibley Plaza Center • Southview • Sibley Plaza Center Southview Mendota• ••Central • Crystal Shopping Center • •Crystal TownCenter Center Doddway Center Lakeville • Lexington Plaza Shoppes • Mounds View Square •Plaza Northway Center •Crossing Sibley Plaza • Southview Center Doddway • Lakeville • Lexington PlazaCenter Shoppes • Mounds View Square • Center Northway Center •Crossing Sibley Plaza • Southview Square • Northway Center • Sibley Plaza • Southview Center

Town Center Mounds View

unities, contact t 651.646.7901

For leasing opportunities, For leasing contact opportunities, contact For leasing opportunities, contact Lisa Store at 651.646.7901 Lisa Store at 651.646.7901 For leasing opportunities, contact Lisa Store at 651.646.7901 www.pasterenterprises.com For leasing opportunities, contact Lisa Store at www.pasterenterprises.com 651.646.7901 www.pasterenterprises.com Lisa Store at 651.646.7901 www.pasterenterprises.com

erprises.com

www.pasterenterprises.com

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4/15/2010 3:19:08 PM

Food Retailers Expand Nationwide (continued from page thirty-four)

Wasa Sushi operates three locations throughout Orange County, CA. The upscale Japanese restaurants occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in pad sites. Limited growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Commercial West Brokerage. Zov’s Bistro operates three locations throughout CA. The upscale restaurants occupy spaces of 3,200 sq.ft. to 3,600 sq.ft. in endcaps of regional power centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. The company prefers sites with patio space.

For more information, contact Phil Berry, Commercial West Brokerage, 2443 East Coast Highway, Corona Del Mar, CA 92625; 949-723-7300, Fax 949-723-7301; Email: pberry@commercialwest.com; Web site: www.commercialwest.com.

Panera Bread operates 1,380 locations nationwide. The bakery cafes occupy spaces of 3,800 sq.ft. to 4,500 sq.ft. in freestanding locations and endcaps of entertainment, lifestyle, power, specialty and strip centers. Growth

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The

opportunities are sought throughout central, southern and western VA during the coming 18 months, with representation by Thalhimer Commercial Real Estate. Typical leases run 10 years with four, five-year options. A vanilla shell and specific improvements are required.

Preferred cotenants include Target. Major competitors include Atlanta Bread Co. and Au Bon Pain. Preferred demographics include a population of 20,000 within two miles earning $50,000 as the average household income. The company will consider sites with a drive-thru.

For more information, contact Connie Nielsen, Thalhimer Commercial Real Estate, PO Box 702, Richmond, VA 232180702; 804-697-3569, Fax 804-697-3479; Email: connie.nielsen@thalhimer.com; Web site: www.panerabread.com.

Farmer Boys operates 75 locations throughout central and southern CA and Las Vegas, NV. The restaurants occupy spaces of 2,800 sq.ft. to 3,200 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout the Inland Empire area and Riverside and San Bernardino counties in CA during the coming 18 months, with representation by Lee & Associates Commercial Real Estate. The company

Dealmakers

requires sites with a drive-thru. Preferred demographics include a population of 11,000 within one mile. A land area of 30,000 sq.ft. is required for freestanding locations.

For more information, contact Jeff Stanley, Lee & Associates Commercial Real Estate, 3240 Mission Inn Avenue, Riverside, CA 92504; 951-276-3612; Email: jstanley@lee-associates.com; Web site: www.lee-associates.com.

Firehouse Subs operates 379 locations throughout AL, AR, AZ, CO, FL, GA, IL, IN, KY, LA, MD, MI, MO, NC, NV, OK, SC, TN, TX and VA. The restaurants, offering hot and cold subs, salads and chili, occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in major retail centers and multi-tenant outlots. Growth opportunities are sought throughout Chicago, IL during the coming 18 months, with representation by Horizon Realty Services, Inc. For more information, contact Gary Litvin or Jason Lenhoff, Horizon Realty Services, Inc., 1130 Lake Cook Road, Suite 280, Buffalo Grove, IL 60089; 847870-8585, Fax 847-870-1888; Email: glitvin@horizonrealtyservices.com; Web site: www.horizonrealtyservices.com. (continued on page fifty-eight)

www.dealmakers.net

4/15/2010 3:19:13 PM

For over 40 years, Mall Properties, Inc. (MPI) has been a leader in diversified real estate development, investment and management.

Our robust portfolio encompasses over 18 million square feet of enclosed malls, power centers and town center developments, as well as a multitude of office buildings, residential properties, and resort hotels nationwide.

654 Madison Avenue, 11th Floor, New York, New York 10065 T 212.935.1330 F 212.832.5369 leasing@mallproperties.com www.mallproperties.com

Visit us at C1707 at RECon 2010.

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Supermarket Chains Expand Nationwide Nature’s Pavilion operates two locations in NJ and NY. The supermarkets, offering natural and organic whole food items, along with body care and heath items, occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Plans call for one to three openings throughout northern NJ during the coming 18 months, with representation by Jeffery Realty, Inc. Typical leases run 10 years. A vanilla shell is required. Preferred cotenants include upscale retailers. Preferred demographics include a population of 50,000 within three miles earning $70,000 as the average household income. Major competitors include Trader Joe’s and Whole Foods Market.

For more information, contact Bill Farkas, Jeffery Realty, Inc., 116 Route 22 East, North Plainfield, NJ 07060; 908-6689600 Ext. 215, Fax 908-668-5225; Email: bfarkas@jefferyrealty.com; Web site: www.jefferyrealty.com.

Houchens Industries, Inc. trades as Houchens Food Stores at 31 locations throughout KY and TN. The supermarkets occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during

the coming 18 months. The company also trades as IGA at 12 locations throughout KY. The supermarkets occupy spaces of 15,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market and TN during the coming 18 months. The company also trades as Save-A-Lot at 200 locations throughout AL, GA, IL, IN, KY, NC, NY, OH, SC, TN, TX, VA and WV. The supermarkets occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.

For more information, contact Corky Beyke, Houchens Industries, Inc., 700 Church Street, Bowling Green, KY 42102; 270-843-3252, Fax 270-780-2863.

Whole Foods Market operates 280 locations nationwide and internationally.

The supermarkets, offering natural and organic foods, in addition to featuring bakery, floral, wine and beer and prepared food departments, occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in freestanding locations and endcaps of regional shopping centers.

Growth opportunities are sought throughout

NJ and Manhattan, NY during the coming 18 months, with representation by Northwest Atlantic Real Estate Services, LLC. For more information, contact Chase Welles, Northwest Atlantic Real Estate Services, LLC, 711 Westchester Avenue, 2nd Floor, White Plains, NY 10604; 914-3282222; Email: chase@nwatlantic.com; Web site: www.nwatlantic.com.

Save-A-Lot operates 1,180 locations nationwide. The supermarkets occupy spaces of 14,000 sq.ft. to 16,000 sq.ft. in freestanding locations, strip and value centers and urban/ downtown areas. Growth opportunities are sought throughout the southeastern region of the U.S. during the coming 18 months.

Typical leases run five years. A vanilla shell and specific improvements are required. Ideal cotenants include value retailers. Preferred demographics include a population of 30,000 within three miles earning $30,000 to $40,000 as the median household income. Major competitors include Aldi. A land area of two acres is required for freestanding locations.

For more information, contact Fred Rudolph, Save-A-Lot, 100 Corporate Office Drive, Earth City, MO 63045; 314-264-7804, Fax 314-2647885; Web site: www.save-a-lot.com. DM

Designing Success into Every Retail Project

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East Hanover, New Jersey page 44

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The

Dealmakers

Dallas, Texas

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4/15/2010 3:19:25 PM

Retail Specialists unique

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• Cornwall, NY – Quaker Ave. (Hwy 107) – Cornwall Plaza

• Vails Gate, NY – Rte. 32 – Big V Town Center

• Elmsford, NY – Saw Mill River Rd – Cactus Jacks

• Wappingers Falls, NY – Route 9 – Lafayette Plaza

• Harriman, NY – Rte. 17/6 – Woodbury Centre

• Yonkers, NY – Main Street – New Construction at Waterfront

• Mamaroneck, NY – Boston Post Rd. (Rte 1) – Seaport Plaza

• Avon, CT – Nod Brook Mall

• Massapequa, NY – Sunrise Hwy – Sunrise Center

• Derby, CT – Pershing Drive, ShopRite Plaza

• Middletown, NY – Rte 211 – Fairgrounds Plaza

• Newington, CT – Berlin Tpke. – JoAnn’s Plaza

• Monroe, NY – Route 17M – Monroe Plaza

• Norwalk, CT – Route 1 – ShopRite Plaza

• Mt. Vernon, NY – S. 4th St – Downtown

• Norwalk, CT – Westport Ave (Rte 1)

• Nanuet, NY – Route 59 – Rockland Center

• Orange, CT – Firelite Shopping Center

3,000 - 60,000 SF Avail. Shopping Center redevelopment.

850 – 1,200 SF & 4,000 SF Avail. Join Post Office & Chase Bank.

1,900 - 7,300 SF Avail. Join Key Food, DD, Bank of America & USPS. 7,000 SF Avail. Restaurant. 50 Car Parking.

12,000 - 31,000 SF Avail. Join Kohl’s, Modell’s, Michael’s, Staples & Eileen Fisher.

6,920 SF end cap Avail. Join Subway & The UPS Store. High Traffic/Visibility.

4,000 - 9,000 SF Avail. Join GameStop & Red Wing Shoes. Near the Mall.

1,500 - 150,000 SF & Pad Site Avail. Redevelopment Underway.

1,600 - 50,000 SF Avail. Join Stop & Shop, Radio Shack, Rite Aid & McDonald’s.

10,000 SF Avail. Enormous Pedestrian Traffic. Join Rainbow & Verizon.

3,000 - 50,000 SF Avail. Join Pathmark, Office Depot, PetSmart, AC Moore, Five Guys, Chili’s & HomeGoods. High Traffic/Visibility.

• Newburgh, NY – Route 300 – Newburgh Towne Center

1,400 - 1,700 SF Avail. Join Super Stop & Shop, Marshall’s & Dress Barn.

• Patterson, NY – Rte 22 – Patterson Commons

1,890 SF & Pad site Avail. Join A&P, Dunkin’ Donuts & Dollar Tree.

• Pawling, NY – Rte. 22 – Pawling Park

1,750 - 13,000 Avail. New Shopping Center. Drive-thru possible.

1,200 - 14,000 SF & Pad Sites. New Development on Rte. 9. Great Visibility.

1,500 & 3,500 SF. Join A&P, CVS, Verizon, Chase, Radio Shack & Hallmark.

2,000 - 5,200 SF & Pad Site Avail. Join Shop Rite, K-Mart, Key Bank.

1,520 - 10,000 SF Avail. 45K cars per day. Join Dollar General.

4,000 SF Avail. Join Key Bank, Retro Fitness & Verizon FIOS.

800 - 5,000 SF & Pad Site up to 20,000 SF Avail. Join Michael’s & Marshalls.

6,000 - 12,000 SF Avail. Join ShopRite, Petland & Pay-Half.

1,200 - 4,400 SF Avail. Join JoAnn’s, Big Lots, Modell’s & Planet Fitness.

2,500 - 20,000 SF Avail. Join ShopRite, Barnes & Noble, GameStop, GNC & UPS. 2,000 SF Avail. Join Marshalls, Sprint & Subway.

1,500 - 3,000 SF Pad sites & 800-4,000 SF in-line.

• Stamford, CT – Rte. 1 – Shop Rite Plaza

2,000 & 3,500 SF Avail. Join Shop Rite, Dunkin’ Donuts & Subway.

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1,400 - 12,500 SF Avail. Join Kool Smiles. High traffic location.

• Voorhees, NJ – Coopers Plaza – Route 73 & Cooper Rd

6,000 SF Pad Site & up to 10,000 SF Avail. Join Kohl’s, Party City, Marshall’s & Raymour & Flanigan. High Traffic/Visibility.

• Peekskill, NY – Route 6 – Main Street Commons

• Horsham, PA – Blair Mill Rd – Village Mall

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• Perkasie, PA – Constitution Ave – Perkasie Shopping Center

1,000 - 15,000 SF Avail. New Construction. Join Auto Zone.

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• Port Chester, NY – Westchester Ave – Waterfront at Port Chester

22,000 - 128,000 SF Avail. Join ACME, Dollar Tree & Rite Aid 1,200 - 4,000 SF Avail. Join Landis Supermarket, Rite Aid, Subway, Hair Cuttery & McDonald’s. Great Neighborhood Center.

4,700 SF Sublease. Food OK. Join Stop & Shop & Bed Bath & Beyond.

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is05-14-10_royalprop.indd 052810_CS3.indd 45 1

4/13/2010 3:19:27 4/15/2010 9:21:04 PM AM

Who’s Opening and Where (continued from page thirty-two)

Einstein Noah Restaurant Group, Inc. (303568-8000) plans to open as many as 12 corporate Einstein Bros. Bagels restaurants, in addition to as many as 16 openings through franchisees and between 35 and 45 openings through licensees. Targeted franchise areas include Colorado Springs, Denver and Ft. Collins, CO; Atlanta, GA; Baltimore, MD; Dallas and Ft. Worth, TX and Washington, DC. The company currently operates 680 units nationwide, including franchised and licensed stores, under the Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagel trade names.

Bed Bath & Beyond, Inc. (516-507-3410) plans to open a Bed Bath & Beyond home furnishings store at Rushmore Crossing, located in Rapid City, SD. The company currently operates 1,000 units nationwide as well as throughout Canada and Puerto Rico.

Papa Murphy’s International, Inc. (360-2607272), through franchisees, plans to open Papa Murphy’s take-out pizzerias throughout the Fresno-Visalia, CA area during the next two to three years. The company currently operates 1,185 stores, offering made-to-order bake-at-home pizzas, nationwide, including 15 in the Fresno-Visalia, CA market.

ROCK SOLID &

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GROWING STRONG… Over 4,500 stores, and we open more every week STORES THAT ARE 100% COMPANY OWNED AND OPERATED… No franchises FINANCIALLY DISCIPLINED… We make the right decisions to protect our shareholders RELIABLE… Whether purchase money or rent, our funds will be there…on time, every time AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,250 stores in 48 U.S. states plus the District of Columbia & Puerto Rico and over 200 stores in Mexico.

VISIT OUR BOOTH AT ICSC 2010 RECon S. 6116 61ST AVE. South Hall (downstairs)

www.autozonerealestate.com SITE CRITERIA • • • •

Stores typically range from 6,500 square feet to 8,000 square feet Must accommodate between 25 and 40 uncongested, customer-friendly parking spaces We require up-front, high-impact locations with excellent visibility & access from adjacent streets Land purchases (preferred), existing building leases, and ground leases are all considered

STORE DEVELOPMENT DEPT. • P.O. BOX 2198 • MEMPHIS, TN 38101 • FAX: 901.495.8969 ©2010 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.

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The

Dealmakers

Wal-Mart Stores, Inc. (479-273-4000) plans to open a Walmart general merchandise store at a 58-acre project located at the intersection of Fifth Street and Catron Boulevard in Rapid City, SD. The opening will be the company’s second in the city. The company originally planned to open a store along U.S. Highway 16 in Rapid City during 2008, but the plans fell through. The company also plans to open a Walmart Supercenter at the intersection of Main Street and Escondido Avenue in Hesperia, CA during the summer of 2012.

The Hesperia store had recently been delayed due to environmental concerns. The company also plans to expand an existing Walmart store located along University Parkway in Sarasota, FL. The company will increase the footprint to 175,000 sq.ft., with the addition replacing a former Fashion Bug site, and convert the store to a Walmart Supercenter. The company also plans to open a Walmart store at 25th Street Station, a retail development located at a former Anderson Automotive site along 25th Street in Baltimore, MD. The 93,000 sq.ft. store will sit atop a Lowe’s Home Improvement at the multi-story project, and is slated to open during the fall of 2011. The store will be the company’s eighth in the Baltimore, MD metropolitan area.

Murphy Adams Restaurant Group (512949-3220) plans to open 130 Mama Fu’s restaurants during the next five years. The restaurants offer Pan-Asian cuisine in a flexcasual service model, operating as a fastcasual restaurant during lunch and transitioning to full service at dinner.

The company currently operates 13 units throughout AR, FL, GA, NC and TX. Bruegger’s Enterprises (802-660-4020) plans to open Bruegger’s Bakery and Café locations in Tampa, FL; Raleigh, NC and Worthington, OH this year. The company also plans to enter the Atlanta, GA; Dallas-Ft. Worth, TX, and Seattle-Tacoma, WA markets this year. The bakeries offer bagels and other breakfast and lunch items, and many locations feature catering services and free wireless Internet connectivity.

Tim Hortons, Inc. (905-845-6511) plans to open 900 Tim Hortons coffee shops and bakeries throughout North America during the next several years, including 300 locations in the U.S. The U.S. stores will trade as Tim Hortons Café & Bake Shop and the first openings are slated for MI, NY and OH. The company currently operates 3,015 restaurants throughout Canada and 563 units throughout 12 states nationwide. (continued on page fifty)

www.dealmakers.net

4/15/2010 3:19:28 PM

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Buyers and Sellers (continued from page thirty)

Bright Realty Co. is selling a 1.6-acre pad site of Lewisville Towne Crossing, a center located along Highway 121 in North Dallas, Texas. SuperTarget anchors the center and tenants include Bank of America, Comerica Bank, Best Buy, 24-Hour Fitness, Dollar Tree and PetSmart. Area demographics include a population of 212,482 within five miles earning $99,176 as the average household income. The average daily traffic count is 87,700 vehicles.

For more information, contact Tim McNutt or Elizabeth Villalba, Bright Realty Co., 4228 North Central Expressway, Suite 300, Dallas, TX 75206; 214-559-9292; Emails: tim.mcnutt@brightco.com and elizabeth.villalba@brightco.com; Web site: www.brightrealtyco.com.

Home and Hearth Real Estate is selling a 4,000 sq.ft. freestanding restaurant building located along Broadway in Hewlett, NY. For more information, contact Henrietta Adler, Home and Hearth Real Estate, 230 Merrick Road, Oceanside, NY 11572; 516-476-0533, Fax 516-594-8619; Email: henriettaadler@yahoo.com; Web site: www.homeandhearthre.com.

page 48

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The

The Lord Cos., LLC is selling a divisible 3,879 sq.ft. space at Park View East, a mixeduse project located along Grace Street in the Lake View neighborhood of Chicago, IL. Area retail includes Subway, Tutto Fresco, IHOP, Jai Yen Restaurant, El Mariachi, Kit Kat Lounge & Supper Club, Pizza Paninos, F. Mahoney’s and Windy City Gyros. Area demographics include a population of 80,533 within a one-mile radius earning an average household income of $86,670.

For more information, contact Keith Lord and Heide Schulz, The Lord Cos., LLC, 1033 West Van Buren Street, 7th Floor, Chicago, IL 60607; 312-944-6270 Ext. 19/14; Emails: keith@lordcompanies.com and heide@lordcompanies.com; Web site: www.lordcompanies.com.

RCG Ventures is selling a 37,458 sq.ft. center located in Plant City, FL. Tractor Supply Co. anchors the center and is bound to a lease with 11 years remaining on the original lease term. The asking price is $2.5 million.

For more information, contact Scott Tarbet, RCG Ventures, 3060 Peachtree Road, Suite 400, Atlanta, GA 30305; 404-816-5454, Fax 404816-5445; Email: scott@rcgventures.com; Web site: www.rcgventures.com.

Dealmakers

CB Richard Ellis|Hubbell Commercial is selling a 7,083 sq.ft. strip center situated on 1.97 acres along Paine Street Southeast in Bondurant, IA. The center is 55% occupied and bank-owned.

The average daily traffic count is 12,000 vehicles. The asking price is $600,000.

For more information, contact Linda M. Gibbs, Timothy J. Sharpe or Carla R. Kallesen, CB Richard Ellis|Hubbell Commercial, 6900 Westown Parkway, West Des Moines, IA 50266; 515-4402900/2902 or 515-221-6682; Emails: linda.gibbs@cbre.com, tim.sharpe@cbre.com and carla.kallesen@cbre.com; Web site: www.cbre.com.

Thalhimer Commercial Real Estate is selling a Short Pump Car Wash situated on one acre along Pump Road in Richmond, VA. The tenant is bound to a NNN lease featuring a 15% rental escalation during January 2012.

The NOI is $132,000. The asking price is $1.553 million with a Cap rate of 8.5%.

For more information, contact Eric B. Robison, Thalhimer Commercial Real Estate, 1313 East Main Street, Suite 400, Richmond, VA 23219; 804-697-3475; Email: eric.robison@thalhimer.com. (continued on page sixty-six)

www.dealmakers.net

4/15/2010 3:19:31 PM

MB04.Location Ad DMK 5-28-10

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12:53 PM

Page 1

One good location leads to another.

At Milbrook Properties, we’ve amassed an impressive portfolio of high-quality retail locations in vibrant markets throughout the east.

Contact us today to discuss our dynamic leasing opportunities and set up an appointment at RECon in Las Vegas. After all, one good location can only lead to another.

FLORIDA Coral Springs Court | Coral Springs Stonegate Bank, Huntington Learning 600 SF – 3000 SF Flamingo Market Place | Pembroke Pines Bravo, 21st Century Oncology, USPO 1200 SF – 6800 SF

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Hollywood Palms | Hollywood Publix, Walgreens, Dade Medical 1140 SF – 10,000 SF

Bohemia Commons | Bohemia IGA, Lucille Roberts, CVS 800 SF

Shoppes at Margate | Margate Super Food Store, Florist 1500 SF – 10000 SF

Cherry Valley Corners | West Hempstead Pet Supplies Plus, Mandee, Payless Shoes

Shoppes at Pembroke | Pembroke Pines Michaels, Weight Watchers 1300 SF – 3840 SF NEW JERSEY Aviation Marketplace | Linden Target, Home Depot, ShopRite, AMC Theatres 6000 SF – Restaurant Out Parcel Edison Plaza | Edison ShopRite, Party Fair, Capital One Bank 2816 SF – 4400 SF Princeton Meadows | Plainsboro Asian Food Market, Subway 1750 SF – 2000 SF Royal Plaza | East Windsor City Streets Café, Citi Financial, Allstate 950 SF – 2000 SF NEW YORK Adams Commerce Plaza | Hauppauge Dunkin’ Donuts, Pomodorino, Blimpie 1200 SF Baldwin Square | Baldwin Best Buy, Applebee’s 800 SF – 4200 SF

Huntington Crossroads | Huntington Station H&R Block, Domino’s Pizza 1250 SF – 4000 SF Kenmor Plaza | Seaford Blockbuster, Flynn & O’Hara Uniforms Lake Shore Plaza | Lake Ronkonkoma Waldbaum’s, Chase Bank, Pet Supplies Plus Nanuet Mall South | Nanuet Premier Fitness, Jenny Craig, Quest 1500 SF – 1800 SF NY Avenue Stores | Huntington Station Aid Auto, Carvel, Pharmacy 960 SF Spring Valley Marketplace | Spring Valley Michaels, Bed Bath & Beyond, Christmas Tree Shops 1174 SF – 2000 SF Tali Plaza of Nyack | Nyack Riverspace Theater, Subway, H&R Block 1339 SF – 4739 SF Waverly Corners | Holtsville Soccer World, Deli 900 SF NYC | Various opportunities in all boroughs

For more information, please contact: Charles Hirsch | chirsch@milbrookproperties.com Tom LiPuma | tjlipuma@milbrookproperties.com Rubin Pikus | rpikus@milbrookproperties.com 42 Bayview Avenue | Manhasset, NY 11030 516.869.1240 | www.milbrookproperties.com

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Who’s Opening and Where (continued from page forty-six)

Gap, Inc. (949-719-0829) will open 65 stores during its 2010 fiscal year. The company also plans to close 110 stores, remodel 200 Old Navy stores nationwide, introduce Gap stores in China and Italy, open Banana Republic stores throughout Europe and open outlet stores throughout Canada, Europe and Asia.

Included in the openings is a 16,730 sq.ft. Old Navy store opening at Keizer Station, located along Keizer Station Boulevard Northeast in Keizer, OR. The store is relocating from a 28,000 sq.ft. location in Lancaster Mall that is slated to close when the new location opens.

The company currently operates 1,450 Gap, 1,039 Old Navy and 606 Banana Republic units nationwide and internationally.

Best Buy Co., Inc. (612-291-1000) plans to open a Best Buy store at Grandview, a retail development located at the intersection of Interstate 55 and Mississippi 463 in Madison, MS during November. The stores offer consumer electronics and home appliances.

Corner Bakery is scheduled to open at the center and Dick’s Sporting Goods and Stein Mart are also scheduled to open during November. The tenants join Ashley Furniture and a Malco movie theater at the center.

Costco Wholesale Corp. (425-313-8000) will open a 149,000 sq.ft. Costco wholesale club situated on 16.14 acres along East Boughton Road in Bolingbrook, IL. The store, which will feature food service and tire service areas along with separate gasoline facilities, is slated to open during November. The company will also open a 157,000 sq.ft. Costco, featuring a liquor store, tire center and gasoline facilities, on 15.4 acres at the intersection of 141st Street and Burnhaven Drive in Burnsville, MN during November. The liquor store will be open to nonmembers, but the remainder of the store will operate as a membership club.

Fred Meyer, Inc. (503-797-3550) plans to open a multi-level 170,000 sq.ft. Fred Meyer supermarket located within a development on four city blocks bordered by North 85th Street, First Avenue Northwest, North 87th Street and Third Avenue Northwest in the Greenwood area of Seattle, WA. A portion of the grocery store would be belowground and the development would include a ground-level retail component and a residential component. A Greenwood Grocery Market currently occupies a portion of the development land and will be demolished as part of the construction.

RE AL ES TATE

Fitness Together Holdings, Inc. (877-6630880), through Elements Therapeutic Massage, Inc. franchisees, will open 12 Elements Therapeutic Massage locations throughout MA this year. The company currently operates 11 massage therapy studios throughout MA. Ross Stores, Inc. (925-965-4400) will open a 28,000 sq.ft. Ross Dress for Less at Target Place Plaza, located along Harrison Avenue Northwest in Olympia, WA. The tenant joins Target, OfficeMax, Macy’s Furniture Gallery and Jo-Ann Fabrics at the center.

The company currently operates 950 units nationwide, trading as Ross Dress for Less and dd’s Discounts.

Stage Stores, Inc. (713-667-5601) plans to open between 30 and 35 stores during its 2010 fiscal year, having opened 27 stores and relocated another 10 during its 2009 fiscal year. The stores offer brand-name apparel, accessories, cosmetics and footwear for men, women and children. The company currently operates 758 units throughout 39 states nationwide under the Bealls, Goody’s, Palais Royal, Peebles and Stage trade names. (continued on page fifty-two)

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Leasing | ManageMent | Re-DeveLopMent p.o. box 681955 | pRattviLLe, aL 36068 | phone: 1-866-283-5516 | fax: 334-491-6210 page 50

052810_CS3.indd 50

May 28, 2010

The

Dealmakers

www.dealmakers.net

4/15/2010 3:19:33 PM

Strength and Experience, lets build on it together…

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Sycamore Square

Knoxville, TN

Knoxville Commons

Oakland Park, FL

Oakland Park Festival Centre

Fairfield, AL

Flintridge Centre Birmingham Market

•

Springfield, OH K-Mart Plaza

Hamilton, OH

Englewood, OH

Cincinnati Market

Dayton Market

Hamilton Plaza

Northmont Plaza

Canton, OH

Canton Centre

Columbus, OH Northland Plaza

With over 5 Million Square feet of retail holdings, we have available space for all needs including: • • • •

Great SUPERMARKET Backfill & New Locations Anchor & Junior Anchor Spaces Inline Stores Pad Sites & Ready Free Standing Buildings

Contact us: leasing@nassimirealty.com acquisitions@nassimirealty.com

See Us at ICSC Las Vegas Booth #S240 R Street Nassimi Realty, LLC 370 Seventh Avenue Suite 1600 New York, NY 10001

052810_CS3.indd 51

T: 212.643.8080 www.nassimirealty.com T: 800.521.5208 F: 212.643.2626 E: leasing@nassimirealty.com

The Dealmakers May 28, 2010

4/15/2010 3:19:34 PM

Who’s Opening and Where (continued from page fifty)

Meijer, Inc. (616-453-6711) plans to open a small-footprint Meijer store in a former Value City located along South 71st Court in Orland Park, IL. The company recently opened its first smaller location with a 102,000 sq.ft. store in Niles, IL. Lowe’s Cos., Inc. (704-758-1000) plans to open between 40 and 45 Lowe’s Home Improvement stores during its 2010 fiscal year, with a majority of the openings consisting of smaller footprint stores located in underserved urban markets. Included in the openings is a 102,000 sq.ft. store with a

28,700 sq.ft. garden center slated to open at Stateline Plaza in Salem, MA later this year.

The company is also planning continued international expansion.

Whole Foods Markets, Inc. (512-477-4455) will open a Whole Foods Market grocery store at Willits Town Center, located in Basalt, CO. The company originally planned to construct a 44,000 sq.ft. supermarket in Basalt, but may open a store with a footprint of less than 30,000 sq.ft. The company currently operates 289 markets, offering natural and organic foods, throughout North America and the United Kingdom.

Fazoli’s, Inc. (859-268-1668) plans to open seven Fazoli’s restaurants during its 2010 fiscal year through a combination of corporate stores and franchised locations. The company is testing a new concept, featuring a revamped menu, lower prices and new dining ware, and may open as many as two restaurants with this concept in Dayton, OH this year. The company currently operates 126 corporate and 118 franchise restaurants nationwide throughout 27 states, including seven in the Dayton, OH area.

BJ’s Wholesale Club, Inc. (508-651-7400) plans to open an 85,000 sq.ft. BJ’s Wholesale Club along Hubbard Avenue in Pittsfield, MA. The membership warehouse club is slated to open during the spring of 2011. The store is considerably smaller than the company’s typical 106,000 sq.ft. footprint and will serve as a prototype for a smaller store concept.

The company currently operates 150 units throughout the eastern region of the U.S. Dunkin’ Brands, Inc. (781-737-3000) plans to open as many as 100 Dunkin’ Donuts restaurants throughout the St. Louis, MO area during the next several years. The company recently opened a location in Kirkwood, MO. The company currently operates 6,500 restaurants, offering coffee, doughnuts and other baked goods, nationwide throughout 35 states and Washington, DC, and 2,600 units internationally throughout 29 countries.

4

Kohl’s Corp. (262-703-7000) plans to open an 80,000 sq.ft. Kohl’s at West Manchester Mall, located in York, PA. The department store joins Walmart Supercenter, Regal 13 Cinemas and Macy’s at the center.

The company also plans to open a 64,000 sq.ft. store in a former Walmart site located along Belt Line Road in Collinsville, IL. The company currently operates 1,067 units throughout 49 states nationwide.

Target Corp. (612-304-6073) will open a 174,000 sq.ft. SuperTarget at Commerce Hill, a 40-acre project located along Woodbury Drive between Tamarack Road and Commerce Drive in Woodbury, MN. The store is slated to open during March 2011 and will feature a full grocery department. The store will be the company’s second in Woodbury. DM

Read past and current issues of The Dealmakers in our all-new format online at www.dealmakers.net page 52

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May 28, 2010

The

Dealmakers

www.dealmakers.net

4/15/2010 3:19:35 PM

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4/15/2010 3:19:37 PM

Real Estate Professionals Making the News Huntley, Mullaney, Spargo & Sullivan, LLC (630-587-2995) was retained by UNO Restaurants Holdings Corp. in the restaurant chain’s Chapter 11 bankruptcy filing during January. The company will assist the restaurant group in negotiating lease modifications with landlords and obtaining debtor approvals; communicating and negotiating a lease restructuring plan with debtors’ creditors, employees, vendors, shareholders and interested parties, and providing financial advice and participating in negotiations with creditors, stakeholders and appropriate parties; advising and attending meetings of its committee.

Grubb & Ellis Co. (248-350-9500) hired Matthew Swantko. Prior to joining the company, Swantko served as president and founding partner of Source Real Estate & Investment Co. Centro Properties Group (212-869-3000) appointed Kelly Franzino to regional vice president, leasing, south region. She will work from the company’s Orlando, FL office and oversee the leasing for new development, power and neighborhood shopping centers located throughout the state. Prior to joining the company, Franzino served as senior director of leasing for Century Retail.

The best of both worlds!

Urstadt Biddle Properties Inc. is the dominant grocery-anchored shopping center owner in the Westchester/Fairfield County markets... now with a growing portfolio in Northern NJ. We currently have big box availabilities in:

CONNECTICUT

NEW YORK

STAPLES PLAZA Yorktown

THE DOCK SHOPPING CENTER Stratford

21,165 SF Preleasing

16,159 SF Available

200,000 SF Total GLA

188,000 SF Total GLA

Located adjacent to BJ’s Wholesale Club.

High visibility on Rt. 202.

BJ’s-anchored center.

Located on Ferry Blvd./I-95 junction.

UBP owns 46 properties containing nearly 4 million square feet.

For leasing information, contact Linda Lacey x202.

For acquisition information, contact Jim Aries x224.

321 Railroad Avenue • Greenwich, CT 06830 203-863-8200 • Fax: 203-861-6755 • www.ubproperties.com

UBA UBP

Preleasing

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May 28, 2010

The

Dealmakers

WLS Lighting Systems (800-633-8711) named Kevin Fletcher president of Energy Services Group of WLS. The recently-formed group focuses on energy audits, custom retrofit design and new product development, as well as providing assistance with utility rebates and federal tax deductions.

Bascom Portfolio Advisors (949-955-2994), an affiliate of The Bascom Group, LLC, was appointed by the Los Angeles Superior Court in Los Angeles, CA as receiver to a retail property in Van Nuys, CA. The company will manage the property and collect rent, pay operating expenses, correct health and safety issues and handle lease negotiations.

Ziff Properties, Inc. (843-724-3473) promoted Chuck Bradbury to principal. He will continue to lead the company’s acquisitions group and will expand his responsibilities as needed.

Prior to joining the company, Bradbury served with Marcus & Millichap and First Centrum Communities. Ziff is a real estate investment and management firm specializing in acquiring distressed and underperforming commercial real estate and debt.

Listed

Visit us at Booth C160 L Street at RECon 2010!

page 54

ARC Properties, Inc. (973-249-0345) appointed Harvey Gutman as a director of ARC Property Trust, commonly known as ARCTrust, the company’s recently-founded REIT. Gutman served as senior vice president of retail development for Pathmark Stores, Inc. before founding Brookside Advisors, LLC. ARC Properties created ARC Property Trust during January. ARCTrust specializes in the acquisition and development of netleased properties nationwide, focusing primarily on the New York-Washington, DC corridor. Since its formation at the start of this year, the trust has acquired the following properties: a CVS in Edgewater, NJ; a Wells Fargo location in Washington, NJ; a Firestone site in Allentown, PA and a Walgreens site in Manalapan, NJ.

Katz & Associates Corp. (845-735-6666) hired Lindsey Alexander, Gary Housman, Roger Moss, Daniel Solomon and Gavin Walsh as associates for the southeastern region; Hugh Scullin as an associate in the northeastern region, and Jeanne Stewart as an associate in the midwestern region.

Alexander specializes in site selection and shopping center leasing. Housman works in retail site selection and analysis, predominantly with regional and grocery-anchored centers, retail lease negotiation and shopping center underwriting and development. Solomon is working with Chick-fil-A and Hair Cuttery in Gainesville, FL. Stewart and Walsh specialize in site selection. DM

www.dealmakers.net

4/15/2010 3:19:38 PM

Looking for Acquisitions • Leasing Great Sites

LEASING

Rivercrest Realty has space available in anchored shopping centers along the East Coast.

For leasing, contact: Debbie Lewis Eastern & Central SC, GA, FL (919) 518-2000 dlewis@rivercrestrealty.com Beverly Keith VA, WV, MD, DE, TN, Western NC, Western SC (919) 518-2000 bkeith@rivercrestrealty.com Nicholas Schuman-Werb Central and Eastern NC, Southern VA (919) 518-2000 nschuman@rivercrestrealty.com Helen Vitaliano New York Locations (718) 980-7684 helenvitaliano@si.rr.com

Visit us at RECon! Booth S5412 54th Avenue

ACQUISITIONS

Rivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi.

Acquisition Requirements: • Grocery / Shadow-Anchored • $5 Million Minimum Deal • 30,000+ SF Shop Space Forward proposals to: Stan Werb (919) 846-4046 swerb@rivercrestrealty.com

www.rivercrestrealty.com 8816 Six Forks Road, Suite 201 Raleigh, NC 27615 Phone: (919) 518-2000 Fax: (919) 424-0001

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STATE

CENTEr

AVAILAbLE SF

NEW YOrk Staten Island Staten Island

Coral Island Shopping Center Tottenville Square

DELAWArE Seaford

Sussex Plaza

FLOrIDA Wilton Manors

Shoppes of Wilton Manors

GEOrGIA Atlanta Augusta Macon

Lenox Village Southpointe Plaza Walnut Creek Plaza

MArYLAND Landover Pocomoke City Fruitland

Landover Crossing East Town Plaza Southtowne Commons

1,500 – 97,421 SF Fully Leased Fully Leased

NOrTH CArOLINA Advance Chapel Hill Charlotte Charlotte Durham Durham Forest City Hendersonville Raleigh Shelby Smithfield Southport Taylorsville Winston-Salem

Kinderton Place Timberlyne Archdale Marketplace Royal Plaza Parkway Plaza The Village Hillside Plaza Highlands Square Millbrook Collection Creekside Plaza Smithfield Plaza Tidewater Plaza Taylorsville Hanes Commons

1,325 & 1,773 SF 1,201 – 10,522 SF 2,410 – 3,971 SF 558 – 3,728 SF 1,393 – 3,041 SF 2,531 – 11,488 SF 3,016 – 24,962 SF 2,508 – 8,502 SF 1,227 – 1,452 SF 3,115 SF 1,514 & 3,023 SF 3,020 SF 1,211 – 8,537 SF 1,117 – 18,294 SF

SOUTH CArOLINA Boiling Springs Columbia Florence Gaffney Georgetown Greenville Greenville Greenville Greenwood Greer Lake Wylie Lexington Lexington Myrtle Beach Myrtle Beach Surfside Beach

Boiling Springs Center Northpointe Commons Southside Commons Piedmont Plaza Plantation Plaza Haywood Plaza Shoppes at Woodruff White Horse Commons Westwood Plaza Hillview Plaza Landing Station East Towne Centre Village Square Northwood Plaza Plantation Point Surfside Commons

2,006 & 3,009 SF 1,995 & 13,482 SF Fully Leased 1,502 – 3,213 SF Fully Leased 1,020 – 5,492 SF 1,482 – 4,030 SF 4,007 SF 3,016 – 6,029 SF 2,018 & 3,007 SF 1,500 – 6,000 SF Fully Leased 792 SF 1,122 – 32,259 SF 1,407 – 4,128 SF Fully Leased

TENNESSEE Cookeville

Cumberland Station

VIrGINIA Bluefield Covington Harrisonburg Martinsville Radford South Boston

Ridgeview Plaza Riverbend Garbers Crossing Mountainview Plaza Peppers Ferry Centre South Boston

4,814 & 30,012 SF Fully Leased Fully Leased 3,012 – 9,014 SF 2,776 SF 1,202 – 5,013 SF

WEST VIrGINIA Princeton

East River Plaza

4,522 & 30,363 SF

1,500 – 5,000 SF 1,164 – 8,002 SF 2,992 SF 3,615 & 15,423 SF 760 – 3,483 SF 1,712 SF 1,997 SF

895 & 3,000 SF

4/1/2010 10:49:19 4/15/2010 3:19:39 PM AM

New Orleans Louisiana C A R R O L LT O N P L A Z A S H O P P I N G C E N T E R

NEW 20-ACRE DEVELOPMENT NOW LEASING 1,500 - 90,000 SF Available South Carrollton Avenue & Palmetto Street, New Orleans, Louisiana

SOUTH CARROLLTON AVENUE

PALMET

• Key location at I-10 and South Carrollton Avenue – New Orleans’ busiest intersection

EET TO STR

CAMBRONNE

• Direct access from Uptown, Mid City, Old Metairie, Lakefront, the Garden District and I-10 in all directions

STREET

• Various large units available plus bank/restaurant and small shop space • New CVS opening Fall 2010

EAST LAKE SHOPPING CENTER REDEVELOPMENT Read Boulevard & North I-10 Service Road, New Orleans, Louisiana

• Adjacent to the new Lowe’s Home Improvement

I-1

0

I-1

0

I-10

SER

VICE

ROA

D

READ

• Located on North I-10 Service Road between Crowder Road at Read Boulevard across from Lake Forest Shopping Center

BLVD

• 20 acres available for ground lease, build to suit or sale

Visit us at S249 Q Street at RECon 2010.

Owner/Manager Seven Penn Plaza, NY 10001 | feilorg.com Glen Wilson | gwilson@feilorg.com | 504 835 8000 Brian K. Suiter | bsuiter@feilorg.com | 504 835 8000

Nothing Beats 50 Years of Stability.

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4/15/2010 3:19:41 PM

Commack New York COMMACK FLYER

COMMACK SHOPPING CENTER

COMMACK CORNERS

BLOCKBUSTER VIDEO

5,160 SF

4,585 SF

ZANRA

2,400 SF

FLORIS SPA

JENNY CRAIG

HABACHI RESTAURANT

HARMON FACE VALUES

PETCO

JEWELRY EXCHANGE

PIZZA

BAGELS

COMMACK PLAZA

1,550 SF BARBER

COMMA

MIRACLE EAR CLEANERS

VISION

CK ROA

LAUNDRY FLOWERS

D

VETER

ANS M

EMORIA

L HIGH

WAY

JERICHO TURNPIKE

1,550 to 5,160 SF AVAILABLE • 345,000 SF Commack Shopping Center provides diversity in an upscale Suffolk County marketplace • Strategically located at the high-traffic intersection of Veterans Memorial Highway, Jericho Turnpike and Commack Road • Situated in one of the country’s most affluent growth areas with powerful demographics

Owner/Manager Seven Penn Plaza, NY 10001 | feilorg.com Randy Briskin | rbriskin@feilorg.com 212 563 6557 x218

Visit us at S249 Q Street at RECon 2010.

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Food Retailers Expand Nationwide (continued from page forty)

Apple Gold Group trades as Applebee’s at 75 locations throughout AR, NC and OK. The casual restaurants occupy spaces of 5,700 sq.ft. in freestanding locations. Growth opportunities are sought throughout NC and OK during the coming 18 months. Major competitors include Chili’s and O’Charlie’s.

Preferred demographics include a population of 30,000 within five miles earning $45,000 as the average household income. The company will only acquire sites.

For more information, contact B.J. Stolz, Apple Gold Group, 170 Wind Chime Court, Raleigh, NC 27615; 919-846-0121; Email: rstolz@applegoldgroup.net; Web site: www.applebees.com.

Pelican Larry’s operates three locations throughout Naples, FL. The raw bars and grill restaurants occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in lifestyle and mixeduse centers. Growth opportunities are sought throughout FL during the coming 18 months, with representation by Sierra Realty Advisors. Cooper’s Hawk Winery & Restaurant operates four locations throughout IL. The restaurants, also featuring a working winery and retail gift shop, occupy spaces of

10,000 sq.ft. in endcaps of shopping centers and build-to-suits. Growth opportunities are sought throughout the urban and suburban markets of Chicago, IL during the coming 18 months, with representation by Sierra Realty Advisors. The company prefers to acquire sites.

For more information regarding Pelican Larry’s, contact Mathew Focht, Sierra Realty Advisors, 640 North LaSalle, Chicago, IL 60654; 312-254-0730; Email: mfocht@sierraadvisors.com.

For more information regarding Cooper’s Hawk Winery & Restaurant, contact Keith Isselhardt, 312254-0705; Email: keith@sierraadvisors.com.

Squeeze USA operates 10 locations throughout CA, CO, TX and VA. The stores, offering juices and smoothies, occupy shops of 800 sq.ft. to 1,600 sq.ft. in endcaps of shopping centers with a drive-thru. Growth opportunities are sought throughout Los Angeles, Orange and Ventura counties as well as the San Fernando Valley area in CA during the coming 18 months, with representation

by InSite Realty Group. Preferred cotenants include health and wellness retailers, national bookstores and coffee shops, grocery stores, pet stores, health clubs and high-end retailers.

Preferred demographics include a trade-area population earning $45,000 as the average household income.

For more information, contact Jonathan Tsai, InSite Realty Group, 28506 Constellation Road, Valencia, CA 91355; 661-4385005; Email: jt@insiterg.com; Web site: www.insiterg.com.

Bill Gray’s, Inc. trades as Bill Gray’s Restaurants and Tom Wahl’s at 22 locations throughout NY. The quick-service restaurants, offering burgers, fries, seafood and ice cream, occupy spaces of 6,000 sq.ft. to 7,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout Rochester and Syracuse, NY during the coming 18 months. Typical leases run five to 10 years with options. Preferred demographics include a population of 65,000 within five miles earning $40,000 as the average household income. The company prefers second-generation restaurant spaces with a bar.

For more information, contact John Gonzalez, Bill Gray’s, Inc., 964 Ridge Road, Webster, NY 14580; 585-787-0150 Ext. 107, Fax 585-787-0816; Web site: www.billgrays.com. DM

VANICK PROPERTIES INCORPORATED

381 Broadway, Westwood, NJ 07675 ~ Tel: 201.666.7710

Nicholas J. Aynilian - President

Mt. Holly / Lumberton, NJ ~ Evergreen Plaza 10,000 SF Pad ~ 5,600 SF - 15,000 SF Stores 60,000 SF Build to Suit Retail or Office Space

Middlesex, NJ ~ Westmarket Center 200,000 SF New Retail & Entertainment Center 36,000 SF New Office Space Middlesex, NJ ~ Lincoln Blvd.

Office Space 1,200 SF - 4,000 SF Warehouse 1,300 SF - 8,100 SF

Fax: 201.666.7714

VPI

Scranton, PA ~ Greenridge Plaza 57,000 SF (Divisible); 1,500 SF - 7,500 SF Stores 5,000 SF Pad Site Pennsburg, PA ~Pennsburg Square Shopping Center 2,000 SF Store ~ 4,000 SF Store Pittston, PA ~ Pittston Plaza ~ 1.5 Acre Pad on RT 11 2000 SF - 2,500 SF Stores Scranton, PA ~ Luzerne Street Shopping Center 7,300 SF Store

Union City, NJ ~ Store Front 3,000 SF Apartments 2 - 3 Bedrooms Warehouse 17,000 SF ~ Vacant Lot 30’ x 80’

Union, NJ ~ RT 22 ~ Union 22 Town Center 4,000 SF - 10,800 SF Stores - 6,000 SF Pad

Hazleton, PA ~ Hazleton Shopping Center 3,755 SF - 14,000 SF Stores ~ 4,000 SF Pad Site Bethlehem, PA ~ Stefko Blvd.

1,700 SF New Store ~ Cafe or Convenience Store

Jersey City, NJ ~ Warehouse 36,000 SF

Reading, PA ~ Downtown 50,000 SF Mix Use Building

Aberdeen, NJ ~ New Office Builidng - 5,600 SF

Selinsgrove, PA ~ RTS 11 & 15 ~ 1,650 SF New Store

info@vanickproperties.com www.vanickproperties.com page 58

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May 28, 2010

The

Dealmakers

www.dealmakers.net

4/15/2010 3:23:09 PM

Strength Experience Stability AmCap Inc., celebrating over 30 years with an impressive portfolio of highquality retail locations in vibrant markets throughout the United States.

www.AmCap.com Corporate Headquarters 1281 E Main Street Stamford, CT 06902 203-327-2001 www.AmCap.com

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AmCap continues to seek stabilized neighborhood or community centers anchored by grocery and other national retailers.

Acquisitions Jake Bisenius Chief Investment Officer bisenius@AmCap.com 203-327-2001

Regional Office/ Leasing 44 Cook Street, #710 Denver, CO 80206 303-321-1500 brokerage@AmCap.com

4/15/2010 3:23:09 PM

Exclusives and Leasing Assignments Royal Properties, Inc. (914-237-3403) has been named the exclusive leasing agent for the following shopping centers: The Village Mall, a 258,000 sq.ft. community shopping center located along Blair Mill Road in Horsham, PA; Perkasie Square Shopping Center, a 90,000 sq.ft. neighborhood shopping center located along Constitution Avenue in Perkasie, PA; Coopers Plaza, a 173,000 sq.ft. center located along Route 73 in Voorhees, NJ, and Sunrise Center, a 15,000 sq.ft. strip center located along Sunrise Highway in Massapequa, NY. RCS Real Estate Advisors (212-239-1100) represents Zales with the chain’s disposition of a 2,900 sq.ft. store and a 3,655 sq.ft. store located in Bronx, NY; a 3,100 sq.ft. store and a 2,700 sq.ft. store located in Brooklyn, NY; a 2,250 sq.ft. store located in Astoria, NY; a 3,250 sq.ft. store located in Jamaica, NY, and six additional locations throughout New York, NY. The Dartmouth Co. (617-262-6620) represents Honey Dew Donuts with the chain’s expansion throughout New England, with a focus on CT, central and northern MA, ME, NH, RI and VT. The coffee and donut concept is expanding through franchisees.

Michael Salove Co. (215-568-2600 Ext. 21) represents Toys “R” Us Express with the chain’s expansion throughout DE, southern NJ and southeastern PA. The temporary toy stores occupy spaces of 3,000 sq.ft. Welco Realty, Inc. (914-576-7500) represents the chain in its expansion throughout CT, NJ and the New York, NY metropolitan area, excluding Brooklyn, Long Island and Queens. Green Light Retail Real Estate, LLC (301-538-8270) represents the chain with its expansion throughout the Baltimore, MD and Washington, DC metropolitan areas. The Lansco Corp. (212-644-2222 Ext. 6849/6907) represents the chain with its expansion throughout Manhattan, NY. Strategic Retail Advisors (508-405-1918 Ext. 111/112) represents the chain with its expansion throughout MA and upstate NY. Divaris Real Estate (757-497-2113) has been appointed the exclusive leasing agent for Pembroke Mall, a 623,479 sq.ft. enclosed mall located in Virginia Beach, VA. Sears, Kohl’s, Stein Mart and Regal 8 Cinemas anchor the center. Cotenants include Bath & Body Works, Coastal Edge, Footlocker, GameStop, Hot Topic, Journey’s, PacSun and Zales.

Sierra Realty Advisors (312-422-7744) represents Cooper’s Hawk with the chain’s expansion throughout urban and suburban markets throughout Chicago, IL and the midwestern region of the U.S. The casual restaurants and wineries prefer to occupy spaces of 10,000 sq.ft. in endcaps of retail centers or freestanding locations. Build-tosuits or site acquisitions are preferred. The company also represents The Counter with the chain’s expansion throughout urban markets of Chicago, IL. The restaurants, offering custom-built hamburgers, prefer to occupy spaces of 2,500 sq.ft. to 2,750 sq.ft.

The company also represents CVS with the chain’s expansion throughout the Chicago, IL metropolitan area. The drug stores prefer to occupy spaces of 9,000 sq.ft. to 13,000 sq.ft. in corner locations. The company also represents Flat Top Grill with the chain’s expansion nationwide. The restaurants, offering create-your-own stir-fry dishes, prefer to occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in urban locations and entertainment and lifestyle centers. The company also represents Fogo de Chão with the chain’s expansion nationwide. The Brazilian steakhouses occupy spaces of 10,000 sq.ft. to 15,000 sq.ft. The company also represents Giordano’s Pizza with the chain’s expansion throughout urban and suburban markets of Chicago, IL. The pizzerias, offering dinein and carry-out service, occupy spaces of 5,000 sq.ft. in endcaps of shopping centers.

The restaurants prefer to occupy freestanding locations situated on one acre under buildto-suit agreements.

The Lansco Corp. (212-644-2222 Ext. 6849/6801) represents Accessorize with the chain’s expansion throughout Manhattan, NY, utilizing spaces of 500 sq.ft. to 1,000 sq.ft.

Thur & Associates (703-847-0865) represents All The Perks Espresso Café with the chain’s expansion throughout the Washington, DC metropolitan area. The coffee shops occupy spaces of 750 sq.ft. to 1,500 sq.ft. in second-generation coffee shops and kiosk spaces in malls, office buildings, hospitals and colleges.

And we pay in cash.

AEI has been buying existing, to-be-built, and/or sale-leaseback net lease properties nationwide for more than three decades. And we’ve always been all-cash. No debt means quick decisions, fast closings and no delays.

When it comes to commercial acquisitions, no one stacks up to AEI. For more information, contact George Rerat today.

CALL 651-227-7333

OR EMAIL GRERAT@AEIFUNDS.COM May 28, 2010 The Dealmakers_AEI_BUYING_OneThirdPage_AD.indd 1

page 60

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Quality Investments. Quality Performance. Since 1970.

Dealmakers

Winick Realty Group (212-792-2650) represents Fast-Fix Jewelry with the chain’s expansion throughout New York, NY. The jewelry and watch repair franchise prefers to occupy spaces of 300 sq.ft. to 1,000 sq.ft. in urban locations. The tenant operates 163 locations nationwide in addition to locations in Canada and Dublin, Ireland, and plans to open a minimum of five stores D M throughout Manhattan.

www.dealmakers.net

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Lease Signings NAI Friedland Realty (914-968-8500) negotiated a 20-year lease with Key Food for 10,879 sq.ft. along White Plains Road in Bronx, NY. The company represented the landlord, The Arker Cos., and the tenant in the transaction. The company also negotiated a 15-year lease with City Jeans for 3,700 sq.ft. along Third Avenue in Bronx, NY. The company represented the landlord, Related Cos., and the tenant in the transaction. The company also negotiated a 12-year lease with 99 Cent Discount King for 1,875 sq.ft. along University Avenue in Bronx, NY. The company represented the landlord, Jem Realty Management, and the tenant in the transaction. The company also negotiated 10-year leases with Brightside Academy for 11,000 sq.ft. along Louis Nine Boulevard in Bronx, NY and for 11,000 sq.ft. along Barbey Street in Brooklyn, NY. The company represented the landlord, Jackson Development, and the tenant in the transactions. The company is the exclusive representative for Brightside Academy throughout the New York, NY metropolitan area. The company also negotiated a sixyear lease with PHC Services for 2,200 sq.ft. along Williamsbridge Road in Bronx, NY. The company represented the landlord, Simone Development, and the tenant in the transaction.

Breslin Realty Development Corp. (516-2941344) negotiated a lease with Walgreens for a 13,500 sq.ft. freestanding site along Route 208 in Montgomery, NY. The company also negotiated a 10-year lease with Verizon Wireless for 1,000 sq.ft. at Islip Terrace Shopping Center, a 35,000 sq.ft. strip center located in Islip Terrace, NY. The tenant joins CVS. The company also negotiated a lease with Hempstead Beer & Soda, Inc. for a 7,000 sq.ft. space located along Peninsula Boulevard in Hempstead, NY. The company also negotiated a 25-year lease with Harmon Face Values for space at Commack Plaza, located in Long Island, NY. The tenant joins Blockbuster Video, Chase Bank, Jewelry Exchange, Macy’s, Michaels and Petco at the center.

First Western Properties (773-545-2000) negotiated leases in Chicago, IL with: Cash For Gold for space along West 79th Street; Biryani’s Paradise for space along West Devon Street, and Blurney Productions for space along South Jeffery Street. The company also signed a lease with Quick Stop Convenience for space along Sibley Boulevard in Calumet City, IL. Coldwell Banker Commercial|TradeMark Properties (919-782-5552) negotiated a 10year lease with zpizza for 2,409 sq.ft. at One Bank of America Plaza, located in Raleigh, NC.

Michael Salove Co. (215-568-2600) negotiated a lease with Tria Café for 1,040 sq.ft. for an unnamed concept on the first floor of The Left Bank, an apartment building located along Walnut Street in Philadelphia, PA. The company currently operates additional locations in Rittenhouse Square and Washington Square West and will debut the new location during the summer. The company also signed a lease with Bare Feet Shoes for a 21,000 sq.ft. space at Dover Downs Shopping Center, located along North Dupont Highway in Dover, DE. The center is anchored by Best Buy and Michaels.

n!

Co E t R et. s a Stre u t S si Vi S351

inteRsection of GilmeR Road and W loop 281 1,000 SF TO 53,000 SF AVAILABLE | PAD SITES 1–4.5 ACRES demographics (15 min drive) Population 88,062 Households 35,098 Avg HH Income $54,116 Employees 54,358 Establishments 4,913

traffic co of 52,9 unt 64 cpd.

Inland Western Retail Real Estate Trust, Inc. (630-368-2358) signed a 20-year lease with Kohl’s for a 68,726 sq.ft. former Mervyn’s site located in Hanford, CA. Coreland Cos. (714-573-7780) negotiated a 10-year lease with Planet Fitness for 20,362 sq.ft. at Euclid Shopping Center, a 206,100 sq.ft. center located at the intersection of Euclid Street and Katella Avenue in Anaheim, CA. The tenant joins Food 4 Less, Big Lots and CVS at the center.

Susan Mazarakes, CEcD 903-753-7878 | 800-952-2613 | Fax: 903-753-3646 www.longviewusa.com www.dealmakers.net

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RestauRants and RetaileRs in the immediate aRea AutoZone Big Lots Blockbuster Video Catfish Village Chick-fil-A Church’s Chicken CVS Dollar General Dollar Tree GameStop Mazzio’s McDonald’s Moe’s Southwest Grill O’Reilly’s Pizza Hut Popeye’s Chicken Quiznos RadioShack Ross Dress for Less Sonic Drive-In Subway Taco Bell Walgreens Walmart Supercenter Wendy’s Whataburger May 28, 2010

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Buyers and Sellers (continued from page forty-eight)

North American Development Group acquired University Plaza, a 95,862 sq.ft. center located in Orlando, FL, for $5.9 million. The company acquired the property through its subsidiary LF2 University LP from CREC/Bell University Plaza, LLC, an entity of Continental Real Estate Co. The company plans to redevelop the property, demolishing a former Big Kmart space to construct a new Publix supermarket and reducing the center’s GLA to 80,000 sq.ft.

For more information, contact North American Development Group, 2851 John Street, Suite One, Markham, Ontario, Canada L3R 5R7; 905-477-9200, Fax 905-477-7390; Web site: www.nadg.com.

Ross Realty Investments is selling a 14,017 sq.ft. Bassett Furniture located along Federal Highway in Ft. Lauderdale, FL. The tenant is bound to a 10-year NNN lease featuring four, five-year options and scheduled rent escalations. The asking price is $4.45 million.

For more information, contact Hal Cohen, Ross Realty Investments, 3325 South University Drive, Suite 210, Davie, FL 33328; 954-452-5000 Ext. 206.

Orion Investment Real Estate Solutions negotiated the sale of Pollack Investments’ majority interest of Village Grove Plaza, an 82,373 sq.ft. center located at the intersection of McKellips Road and Gilbert Road in Mesa, AZ. At the time of sale, the center was 96% occupied with tenants including Desert Devils Gymnastics, Leslie’s Swimming Pool Supplies, Mesa Northeast Animal Hospital, Sport Clips and Kwan’s Sampan Restaurant. Hanhil Properties acquired the interest from Pollack Investments for $5 million. The company represented the seller in the transaction.

For more information, contact Orion Investment Real Estate Solutions, 7440 East Pinnacle Peak Road, Scottsdale, AZ 85255; 480-634-6934; Web site: www.orionires.com.

Byrne Co. is selling Stewart Creek Plaza, a 22,028 sq.ft. center located along Preston Road in Frisco, TX. The center is 91% occupied. The asking price is $4.5 million with a Cap rate of 8.19%.

For more information, contact Sean M. Byrne, Byrne Co., 8525 Ferndale Road, Suite 100, Dallas, TX 75238; 214-343-6996; Email: sean@byrnecompany.com.

Voit Real Estate Services is selling outlots of 0.83 acres; 0.84 acres; one acre; 1.01 acres and 3.85 acres adjacent to a Home Depot located at the intersection of Highway 160 and Basin Avenue in Pahrump, NV. Area demographics include a population of 22,924 within five miles earning $54,313 as the average household income. The parcels are available as a portfolio with an asking price of $5.2 million.

For more information, contact Kit Graski, Voit Real Estate Services, 10100 West Charleston Boulevard, Suite 200, Las Vegas, NV 89135; 702-734-4500, Fax 702-733-7690.

Equity Retail Brokers, Inc. negotiated the sale of a two-acre parcel located along Baltimore Pike in Springfield, PA. Beneficial Mutual Savings Bank acquired the property from Insite Springfield, LLC and will open a 4,500 sq.ft. bank featuring three drivethrus at the site. The company represented the buyer in the transaction.

For more information, contact Lee Cooper, Equity Retail Brokers, Inc., 101 West Elm Street, Suite 370, Conshohocken, PA 19428; 610-645-7700 Ext. 102, Fax 610-645-5454; Email: lcooper@equityretailbrokers.com; Web site: www.equityretailbrokers.com. DM

Community. Destination. Style of life.

Welcome to a vibrant community full of world-class shopping, dining and entertainment.

Welcome to immaculate construc�on and beau�ful architecture coupled with open spaces to create a neighborhood, shopping, dining and entertaining area like no other.

Welcome to the center of a thriving region that is home to colleges, historical areas, theme parks, and unlimited shopping.

Welcome to High Street. www.HighStreetWilliamsburg.com For retail leasing information, please call The Katsias Company 512 S. Lynnhaven Road, Suite 101 | Virginia Beach, VA 23452 Phone 757.490.3585 | Fax 757.490.3676 | www.katsias.com page 66

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Dealmakers

Visit us at the Las Vegas ICSC Retail Brokers Network Booth #C111 11th Avenue & Union Street

www.dealmakers.net

4/15/2010 3:23:19 PM

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Schumacher notes that when it comes to opening new schools, GSI attracts successful, motivated entrepreneurs who are ready to try something new in their

052810_CS3.indd 67

According to Jarrett Armstrong, “I got involved developing Goddard Schools about four years ago. Since that time, I have developed six Goddard Schools with three presently in the works. As a developer, we have been successful at working with GSI and the local franchisees in finding premier locations that are priced appropriately, designing a high quality school, obtaining necessary entitlements and constructing first class buildings.”

The success Armstrong had as a developer convinced the couple to operate a Goddard School. “In 2008, when Sloan and I decided to jump to the operational side of the equation and open our own school, we felt my Goddard real estate development experience, Sloan’s operating and marketing expertise and our mutual desire to be entrepreneurs would create a unique opportunity for us,” adds Armstrong.

To learn more about developing a Goddard School, please contact the GSI Real Estate Department at 1-877-876-3189 or visit on-line at www.goddardschool.com.

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4/15/2010 3:23:20 PM

Lease Signings (continued from page sixty-five)

New England Retail Properties, Inc. (860529-9000) negotiated leases with Family Dental Center for 4,100 sq.ft. and Red White & Blue Stores for 34,500 sq.ft. at Colonial Plaza Shopping Center, a 220,000 sq.ft. center located on Thomaston Avenue in Waterbury, CT. The tenants join Dunkin’ Donuts and Wendy’s at the center. The company represented the landlord, Thomaston Avenue Associates, in the transaction.

Aries Deitch & Endelson, Inc. (914-9492800) negotiated a lease with ShopRite for a 47,000 sq.ft. space at Midway Shopping Center, located along Central Avenue in Scarsdale, NY. Radius Group Commercial Real Estate (805965-5500) negotiated a lease with G by Guess for 5,832 sq.ft. along State Street in Santa Barbara, CA. The company represented the landlord and the tenant in the transaction.

Metro 1 Properties (305-573-9991) negotiated a lease with Lime Fresh Mexican Grill for space along West Flagler Street in Miami, FL. The company represented the tenant in the transaction.

The Goldstein Group (201-703-9700 Ext. 15) negotiated a lease with Capital One Bank for a freestanding building located along Browertown Road in West Paterson, NJ. The bank will relocate from an existing location across the street from the new site, which features a drive-thru. The company represented the landlord and Insight Development represented the tenant in the transaction.

Transwestern Retail (202-775-7033) negotiated a lease with Elephant & Castle Pub and Restaurant for 6,500 sq.ft. along East Pratt Street in Baltimore, MD. The company represented the tenant in the transaction.

The company also negotiated a lease with Tropical Smoothie Café for space at Village Center at Dulles, located in Herndon, VA. The company exclusively represents the tenant throughout the Washington, DC metropolitan area.

Veritas Realty, LLC (317-472-1800) negotiated a lease with Kimu Restaurant, LLC for 1,400 sq.ft. along U.S. Highway 31 North in Greenwood, IN. The company represented the landlord, Jones Family Investments, LLC, in the transaction.

Friedman Real Estate Group, Inc. (248-8484086) negotiated a lease with SAL Plymouth, Inc. for 16,000 sq.ft. at Value Center Mini Mall, located along Plymouth Road in Detroit, MI. The company represented the landlord, H.U.K., Inc., in the transaction.

CB Richard Ellis (407-839-3158) negotiated a lease with Bealls Outlet for a 30,456 sq.ft. former Linens ‘N Things at Orlando Square, located in Orlando, FL. The company represented the landlord, Kitson & Partners, in the transaction.

DLC Management Corp. (866-446-4413) negotiated leases with Rainbow USA at Beach Shopping Center in Peekskill, NY; Gulfdale Plaza in Mobile, AL and Highland Square in Jacksonville, FL. Each location will occupy a space of between 6,000 sq.ft. and 7,000 sq.ft.

Konover South, LLC (407-774-2515) negotiated a lease renewal with Verdi’s Italian Restaurant for 3,344 sq.ft. at Shoppes of Inverrary, located at the intersection of West Oakland Park Boulevard and Rock Island Road in Lauderhill, FL. (continued on page seventy-two)

sunoco is currently looking for growth oPPortunities in the northeast, mid atlantic and southeastern Part of the united states.

Sunoco® is a major retailer and recognized brand in the sale of gasoline and convenience store items along the I-95 corridor of the east coast of the United States, providing high quality products and services for over 120 years.

Preference

Freestanding or pad location (1 ½ acres – 2 acres) with ingress/egress to the primary road. We will also consider existing stations that meet our criteria.

site submission

Please forward marketing material to sunocorealestate@sunocoinc.com, subject header “Site Submission.”

page 68

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www.dealmakers.net

4/15/2010 3:23:21 PM

Colonial Village

FINE DINING, SHOPPING, SERVICES aND mORE! Stop by for Starbucks coffee and drop off your dry cleaning and shoe repair on the way to work. Take clients to lunch at LouCas, then shop for fine shoes and women’s fashions and lingerie. Get your nails done and take the family out to dinner at one of our highly rated restaurants... all of this and more at COLONIAL VILLAGE.

RESTAURANTS

LouCas • Starbucks • Original Soup Man • Ichiban Sushi • Meemah Chinese/Malaysian Cuisine Uncle Ralphie’s Gourmet Pizza and Caterer

RETAILERS & SERVICES

Alan’s Fine Footwear • Bernstein’s Fashions • Lingerie by Susan • Vogue Nails • Lamp Dry Cleaners Ace Shoe Repair • Skin by Nicole • Spring Spa Foot Reflexology

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1-11 Route 27

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Weiss Realty Co, Inc.

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For more information regarding leasing retail space, or to make an appointment at the ICSC RECon, contact Jaime Weiss at 201-615-0474 or Matt Weiss at 917-309-7861 OR VISIT OUR BOOTH AT C186 H STREET is5-28-10_weiss.indd 052810_CS3.indd 69 1

3/29/2010 4/15/2010 12:44:15 3:23:23 PM

Home-Related Chains Expand Nationwide Lowe’s Cos., Inc. trades as Lowe’s Home Improvement at 1,700 locations nationwide. The home improvement stores occupy spaces of 125,000 sq.ft. to 160,000 sq.ft. in freestanding locations, as well as power and strip centers. Growth opportunities are sought throughout AR, IA, IL, IN, KS, KY, LA, MI, MN, MO, ND, NE, NM, OH, OK, SD, TN, TX and WI during the coming 18 months.

For more information, contact Mike Miller, Lowe’s Cos., Inc., 1952 McDowell Road, Suite 101, Naperville, IL 60563; 630548-7508, Fax 630-527-8830; Web site: www.lowes.com.

Harbor Freight Tools operates 329 locations nationwide throughout 44 states. The stores, offering power, air and hand tools, outdoor and automotive items and metal, woodworking and welding supplies, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations and strip and value centers. Plans call for 25 openings nationwide during the coming 18 months. Typical leases run five years with options.

For more information, contact Bill Ericson, Harbor Freight Tools, 3491 Mission Oaks Boulevard, Camarillo, CA 93011; 805-3881000 Ext. 4324, Fax 805-445-4902; Web site: www.harborfreight.com.

Experience. Strength. Stability.

For more than 20 years, Cullinan Properties, Ltd. has been the premiere provider of commercial and mixed-use real estate services. We’ve built our reputation while building relationships. As the market has changed, we’ve adapted but our commitment to excellence remains the same.

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VISIT US AT “S 340 Q STREET” DURING ICSC RECON MAY 23 - 25, 2010 CHICAGO, IL | ST. LOUIS, MO | YOUNGSTOWN, OH | PEORIA, IL 309.999.1700

page 70

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Northern Tool & Equipment Co., Inc. trades as Northern Tool & Equipment at 65 locations throughout FL, GA, IA, MN, NC, ND, SC, TN, TX, VA and WI. The stores, offering power tools, auto and truck accessories and electrical, lighting, outdoor, painting, welding and woodworking supplies, in addition to generators, power washers, security equipment and snow blowers, occupy spaces of 14,000 sq.ft. to 25,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets, in addition to AL, KS, KY, NE and OK, during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 350,000 within 30 miles earning $48,000 to $80,000 as the average household income. A land area of two acres is required for freestanding sites.

For more information, contact Brent Obert, Northern Tool & Equipment Co., Inc., 2800 Southcross Drive West, Burnsville, MN 55306; 952-808-6629, Fax 952-641-2503; Email: brent.obert@northerntool.com; Web site: www.northerntool.com.

Ace Hardware operates 4,500 locations nationwide and internationally. The stores, offering hardware items, tools and lawn and garden, electrical, heating and plumbing and automotive supplies, occupy spaces of 5,000 sq.ft. in urban areas and 8,000 sq.ft. to 12,000 sq.ft. in suburban areas.

Growth opportunities are sought throughout CT, RI and MA during the coming 18 months, with representation by FirstService Williams Retail. The company prefers to locate in grocery-anchored shopping centers.

For more information, contact Nick Leibowitz, FirstService Williams Retail, 1055 Washington Boulevard, Stamford, CT 06901; 203-961-6592, Fax 203-324-3125; Email: nleibowitz@fswre.com; Web site: www.fswre.com.

RTA Furniture Distributors, Inc. trades as Just Cabinets at 20 locations throughout DE, MD, NJ and PA. The stores, offering solid wood home furnishings and kitchen cabinetry, occupy spaces of 16,000 sq.ft. to 20,000 sq.ft. in freestanding locations and outlet, strip and value centers.

Growth opportunities are sought throughout the existing markets during the coming 18 months. Preferred cotenants include Target and T.J. Maxx. Preferred demographics include a population of 10,000 within one mile earning $50,000 as the average household income.

Major competitors include Oak Express.

For more information, contact Ted Bernstein, RTA Furniture Distributors, Inc., 5500 Linglestown Road, Harrisburg, PA 17112; 717-540-5500, Fax 717-540-5948; Email: tedbernstein@justcabinets.com; Web site: www.justcabinets.com. DM

www.dealmakers.net

3/15/2010 3:58:37 PM

4/15/2010 3:23:23 PM

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Assisted in aggressive growth strategy by facilitating the acquisition of a significant number of retail leases throughout the U.S.

Disposition and lease renewals for over 300 locations.

Disposition of locations nationally.

Relocated Utah manufacturing plant to a new 400,000 sq. ft. facility in CA and subleased a facility in TX on behalf of ICON.

Joint venture with Tractor Supply to purchase all assets and real estate of Quality Stores.

Engaged to restructure entire real estate portfolio including terminations and rent reductions.

Ongoing disposition advisor; sold, subleased or terminated over 100 leases.

Disposition of 50,000 sq. ft. office building, as well as all 103 retail locations.

Joint venture with Rainbow Apparel to purchase over 100 Norstan locations.

Disposition and rent reductions of locations nationally.

Sold or subleased over 70 properties.

Disposition of 800,000 sq. ft. grocery distribution center, 3 warehouse facilities and 1 reclaim center.

Purchased supermarket chain on behalf of Hannaford; then disposed of all the assets and leased the locations to Hannaford.

Negotiation of rent reductions.

Disposition of locations nationally.

Disposition of 3 warehouse distribution centers totaling 800,000 sq. ft. in 3 states.

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Lease Signings (continued from page sixty-eight)

Woolbright Development (561-989-2263) negotiated leases with Slim Yogurt and More for 1,050 sq.ft., Wig Salon.com for 1,200 sq.ft. and Hiro’s Yakko-San Restaurant for 4,438 sq.ft. at Intracoastal Mall, a 250,000 sq.ft. center located at the intersection of Sunny Isles Boulevard and Northeast 35th Avenue in North Miami Beach, FL. The tenants join Rack’s Italian Cuisine, Flamma Brazilian Steakhouse, Amis Continental Grill and The Water Club at the center. The company also signed leases with Yogen Fruz for 1,200 sq.ft. and Alhambra Eatery for 2,480 sq.ft. at London Square, a 450,000 sq.ft. center located at the intersection of Southwest 120th Street and Southwest 137th Avenue in Miami, FL. The tenants join T.J. Maxx/HomeGoods and Ross Dress for Less at the center. The company also negotiated leases with Golden Crust Caribbean Restaurant and Bakery for 1,560 sq.ft.; Desi Bazar for 1,056 sq.ft. and Dollar General for 9,526 sq.ft. at Miramar Square, a 240,000 sq.ft. center located at the intersection of Flamingo Road and Miramar Parkway in Miramar, FL. The tenants join Kohl’s and Staples at the center. The company also negotiated leases with CR Chicks for 1,990 sq.ft. and Shane’s Rib Shack for 2,944 sq.ft. at The Commons, a 125,000 sq.ft. center located along Northwest 19th Street in Boca Raton, FL. The tenants join Hooters, Five Guys Famous Burgers and Fries, Moe’s Southwest Grill and Too Jays at the center.

Levin Management Corp. (800-488-0768) negotiated leases with No Body Denied for 21,500 sq.ft. and with Stew Leonard’s Wines and Spirits for 12,680 sq.ft. at Echo Plaza, a 66,000 sq.ft. mixed-use center located along U.S. Route 22 in Springfield, NJ. Newmark Knight Frank (212-372-2000) negotiated a 10-year lease with Urban Outfitters for a 14,798 sq.ft. multi-level space on Broadway in New York, NY. The company represented the landlord, Hudson Island, LLC, and The McDevitt Co. represented the tenant in the transaction.

Cushman & Wakefield (212-841-7500) negotiated a 10-year lease with Trader Joe’s for 12,872 sq.ft. at Felicita Town Center, located along South Centre City Parkway in Escondido, CA. The company represented the landlord, Felicita Holdings, LLC, in the transaction.

REATA Real Estate Services, LP (210-8413222) negotiated a lease with dd’s Discounts for space at San Antonio Marketplace, located at the intersection of Loop 410 and Marbach Road in San Antonio, TX. Dealmakers

Investment Management Associates, Inc. (350-661-0110) negotiated a lease renewal with Subway Real Estate Corp. for a 1,200 sq.ft. Subway at Miramar Crossings, a 30,000 sq.ft. center located at the intersection of Miramar Parkway and Red Road in Miramar, FL. The company also negotiated a lease with Tulien, LLC for an 862 sq.ft. Ben & Jerry’s at Pointe Orlando, located in Orlando, FL. The company represented the tenant in the transaction. The company also negotiated lease renewals for a 3,860 sq.ft. Pines West Animal Hospital and with Anakarli Boutique, LLC for 1,400 sq.ft. at Chapel Trail Plaza, located at the intersection of Pines Boulevard and 184th Avenue in Pembroke Pines, FL. The company also negotiated a lease renewal with Pro Nails for 1,400 sq.ft. at Crossroads Shopping Center, located at the intersection of North Kendall Drive and Southwest 117th Avenue in Miami, FL. The company also negotiated a lease with Pizza Hut for 1,007 sq.ft. at Shoppes at Myrtle Park, located in Bluffton, SC. The company also negotiated a lease renewal with Kong’s Kitchen for 1,020 sq.ft. at Sunset West Shopping Center, located at the intersection of Sunset Drive/ Southwest 72nd Street and Southwest 87th Avenue in Miami, FL. The company also negotiated a lease renewal with Florida Body Waxing Corp. for 1,150 sq.ft. at Calusa Centre, a 36,900 sq.ft. center located at the intersection of Southwest 112th Street and Southwest 137th Avenue in Miami, FL. ZE Realty Group, LLC (212-408-0620) negotiated a lease with Ansonia Pharmacy for a 1,500 sq.ft. space located along Sixth Avenue between West 10th Street and West 11th Street in New York, NY. The company represented the landlord and the tenant in the transaction.

BCD (212-260-5210) represented Five Guys Famous Burgers and Fries in a lease for 2,200 sq.ft. along Fulton Street between Nassau Street and Dutch Street in Manhattan, NY. The landlord, Regal Investments, Inc., represented itself in the transaction.

NAI Isaac (859-224-2000) negotiated a lease with Aldi for an 18,800 sq.ft. space situated on 1.76 acres along Nicholasville Road in Lexington, KY. The company represented the tenant and Caller Properties, LLC represented the landlord in the transaction.

Lee & Associates Commercial Real Estate (760-241-5211) negotiated a lease with Sahari for 4,067 sq.ft. along Spring Valley Lake Parkway in Victorville, CA. The company represented the landlord and the tenant in the transaction. DM

www.dealmakers.net

4/15/2010 3:23:25 PM

Lead Sheet AutoZone, Inc. dba AutoZone PO Box 2198 Memphis, TN 38101 Fax: 901-495-8969 Web site: www.autozonerealestate.com

Automotive The 4,500-unit chain operates locations nationwide and throughout Mexico and Puerto Rico. The automotive parts stores 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 throughout the existing markets during the coming 18 months. For more information regarding expansion throughout AZ, CA, CO, ID, MT, ND, NE, NM, NV, OK, OR, SD, TX excluding the Corpus Christi and Houston metropolitan areas, UT, WA, WY and Puerto Rico, contact Brad Denzin, 901-495-8904; Email: brad.denzin@autozone.com.

For more information regarding expansion south of Birmingham, AL; AR, DE, FL (the Tallahassee metropolitan area and west thereof only); IA, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, OH, western PA, the Memphis, TN metropolitan area; the Corpus Christie and Houston, TX metropolitan areas; VA, WI, WV and Washington, DC, contact Kendrick Hickman, 901-495-8921; Email: kendrick.hickman@autozone.com. For more information regarding expansion north of Birmingham, AL; CT, FL (excluding the Tallahassee metropolitan area and west thereof), GA, MA, ME, NC, NH, NJ, NY, eastern PA, RI, SC, TN (excluding the Memphis metropolitan area) and VT, contact Chad Horton, 901-495-8753; Email: chad.horton@autozone.com.

Les Schwab Tire Center, Inc. dba Les Schwab Tire Center Mike Oxman, Dave Husk or Jon Scanlon 20900 Cooley Road Bend, OR 97701 541-416-5166/5238/5615, Fax 541-416-5454 Emails: mike.m.oxman@lesschwab.com, dave.s.husk@lesschwab.com and jon.r.scanlon@lesschwab.com

Automotive The 400-unit chain operates locations throughout AK, CA, ID, MT, NV, OR, UT and WA. The automotive service centers occupy spaces of 15,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout WA during the coming 18 months. Preferred cotenants include supermarkets, home improvement stores and car washes. Preferred demographics include a population of 40,000 within three miles earning $40,000 as the average household income.

Major competitors include America Tire and Tire Factory. The company prefers to acquire sites.

Books-A-Million, Inc. dba Books-A-Million, Books & Co. and Bookland Sharon Sprauge 402 Industrial Lane Birmingham, AL 35211 205-942-3737, Fax 205-942-2147 Email: sprauges@bamm.com Web site: www.booksamillioninc.com

Books The 200-unit chain operates locations throughout AL, AR, FL, GA, IL, IN, KS, KY, LA, MD, MO, MS, NC, NE, NJ, OH, OK, PA, SC, TN, TX, VA, WV and Washington, DC. The bookstores occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the eastern region of the U.S. during the coming 18 months. Typical leases run 10 years with options. A turnkey is required. Preferred demographics include a population of 50,000 within five miles earning $60,000 as the average household income. The company prefers to locate in centers with GLAs between 500,000 sq.ft. and two million sq.ft.

Goddard Systems, Inc. dba Goddard School Rob Skibjak 1016 West 9th Avenue King of Prussia, PA 19406 610-265-8510 Ext. 401, Fax 610-205-1800 Email: realestate@goddardsystems.com Web site: www.goddardschool.com

Child Care The 365-unit chain operates locations nationwide. The child care centers occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in endcaps of shopping centers and freestanding locations with an outdoor play area. Plans call for 50 openings throughout the existing market during the coming 18 months.

The company will also consider retro-fit build-to-suits and metropolitan/urban locations and spaces of 6,720 sq.ft. for a new prototype. Typical leases run 15 years. The company prefers to locate near elementary schools. A land area of one to 1.5 acres is required for freestanding locations. The company is franchising.

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

Child Care The 68-unit chain operates locations throughout AZ, CO, CT, FL, GA, MA, MI, MN, NC, NJ, NY, PA, TX and VA. The childcare centers occupy spaces of 10,000 sq.ft. to 11,000 sq.ft. in freestanding locations. Plans call for 45 openings throughout AZ, CO, CT, DE, FL, GA, IL, MA, MI, MN, NC, NH, NJ, NY, PA and VA during the coming 18 months. Typical leases run 15 years with two, fiveyear options. A turnkey or build-to-suit are required. Preferred demographics include a population of 75,000 within five miles earning $75,000 as the average household income. The company prefers sites with an average daily traffic count of 15,000 vehicles. The company is franchising. For more information regarding expansion throughout AZ, CO, CT, GA, MN, NJ, OH, TX and VA, contact Essie Kronstat. For more information regarding expansion throughout FL, IL, MA, NC, NJ, NY and PA, contact Nick Vanella.

BP West Coast Products, LLC dba ARCO and AMPM Mike Hager 4630 Village Green Drive El Dorado Hills, CA 95762 916-792-3142, Fax 916-941-2453 Email: michael.hager@bp.com Web site: www.bpfranchising.com

Convenience The 900-unit chain operates locations throughout AZ, CA, NV, OR and WA. The convenience stores, with gasoline facilities, occupy freestanding buildings on pad sites of 30,000 sq.ft. to 50,000 sq.ft. Plans call for 25 to 40 openings throughout the existing markets during the coming 18 months. Preferred demographics include a population of 30,000 within two miles earning $50,000 to $80,000 as the average household income. The company is franchising.

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Lead Sheet Colonial Group dba Enmark Dwight Harrison 2112 Rankin Street Savannah, GA 31415 912-236-1331, Fax 912-235-3868 Email: dharrison@enmark1.com

Convenience The 50-unit chain operates locations throughout GA and NC. The convenience stores, with gasoline facilities, occupy spaces of 2,800 sq.ft. to 3,000 sq.ft. in freestanding locations.

Growth opportunities are sought throughout southern SC during the coming 18 months.

Gas America Services, Inc. dba Gas America Services Stephanie White or Dennis Spegal 2700 West Main Street Greenfield, IN 46140 317-468-2515, 317-468-2525 Emails: stephanie.white@gasamerica.com and dennis.spegal@gasamerica.com Web site: www.gasamerica.com

Convenience The 87-unit chain operates locations throughout IN and OH. The convenience stores, with gasoline facilities, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations.

Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. The company prefers to acquire sites. A land area of 1.5 to two acres is required.

Sunoco, Inc. dba Sunoco 1735 Market Street Philadelphia, PA 19103 Email: realestate@sunocoinc.com Web site: www.sunoco.com

Convenience The 4,700-unit chain operates locations along the Interstate 95 corridor of the eastern coast of the U.S. The convenience stores, with gasoline facilities, prefer to locate in freestanding locations and pad sites situated on 1.5 to two acres. Growth opportunities are sought throughout the northeastern, mid-Atlantic and southeastern regions of the U.S. during the coming 18 months. The company will consider second-generation spaces.

Stein Mart, Inc. dba Stein Mart Kirk V. Light 1200 Riverplace Boulevard Jacksonville, FL 32207 904-346-1500, Fax 904-858-2636

Department Store The 267-unit chain operates locations nationwide. The department stores, offering family apparel, home goods and gifts, occupy spaces of 30,000 sq.ft. in lifestyle, power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.

Gabriel Brothers Jim Barger 55 Scott Avenue Morgantown, WV 26505-8853 Fax: 304-292-3876

Discount The 40-unit chain operates locations throughout KY, MD, OH, PA, VA and WV. The stores, offering family apparel, jewelry and accessories and home furnishing items, occupy spaces of 50,000 sq.ft. to 60,000 sq.ft. in second-generation spaces. Growth opportunities are sought throughout MD, OH and PA during the coming 18 months. The company prefers site submittals by fax or mail.

CVS Caremark Corp. dba CVS Suzanne Lanois One CVS Drive Woonsocket, RI 02895 401-770-4310, Fax 401-770-2606 Web site: www.cvs.com

Drug Store The 7,000-unit chain operates locations nationwide and in Puerto Rico. The drug stores occupy spaces of 13,000 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought throughout the existing market, with a focus on CA, MO and Puerto Rico during the coming 18 months. Typical leases run 25 years. Preferred demographics include a population of 18,000 within two miles. A land area of two to three acres is required.

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Lead Sheet American Women Fitness Centers Jerry Brunetto 160 Market Street, Suite 6 Saddlebrook, NJ 07663 201-845-8999 Ext. 11, Fax 201-845-8785 Email: americanwomanfit@aol.com Web site: www.americanwomanfitness.com

Fitness The two-unit chain operates locations throughout NJ. The women’s fitness centers occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding locations and strip centers. Plans call for two openings throughout the existing market during the coming 18 months. Typical leases run 10 years with 10-year options. A vanilla shell is required. Preferred cotenants include T.J. Maxx and supermarkets. Preferred demographics include a population of 100,000 within three miles earning $60,000 as the average household income.

24 Hour Fitness Michael Comras c/o Comras Co. 1261 20th Street at West Avenue Miami Beach, FL 33139 305-532-0433, Fax 305-532-5212

Fitness The 400-unit chain operates locations throughout AZ, CA, CO, FL, HI, KS, MD, MO, NE, NJ, NV, NY, OR, TN, TX, UT and WA. The fitness clubs occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. in malls, freestanding locations and entertainment, lifestyle, power and specialty centers, in addition to urban/downtown areas. Growth opportunities are sought throughout Broward, Dade and Palm Beach counties in FL during the coming 18 months, with representation by Comras Co.

Fred Meyer Jewelers, Inc. dba Fred Meyer Jewelers, Littman Jewelers and Barclay Jewelers Dave Schmidt 3800 Southeast 22nd Avenue Portland, OR 97202 503-797-3874, Fax 503-797-7699 Email: dave.schmidt@fredmeyer.com Web site: www.fredmeyerjewelers.com

Jewelry The 375-unit chain operates locations nationwide. The jewelry stores occupy spaces of 1,500 sq.ft. in malls. Growth opportunities are sought throughout AK, CA, CT, DE, FL, ID, IN, MD, MI, NJ, NV, NY, OR, PA, TN, UT, WA, WI and WV during the coming 18 months.

Typical leases run 10 years. Preferred cotenants include upscale fashion retailers. Preferred demographics include a population of 200,000 within five miles earning $48,000 to $58,000 as the average household income.

Journey’s Adam Zeiberg or Ryan O’Connor c/o FirstService Williams Retail 1055 Washington Boulevard Stamford, CT 06901 203-961-6597/6565 Emails: azeiberg@fswre.com or roconnor@fswre.com Web site: www.journeys.com

Shoes The 815-unit chain operates locations nationwide, as well as throughout Puerto Rico and the U.S. Virgin Islands. The shoe stores occupy spaces of 2,500 sq.ft. in lifestyle centers and urban shopping districts. Growth opportunities are sought throughout CT, NJ and NY during the coming 18 months, with representation by FirstService Williams Retail. Preferred cotenants include American Eagle and Urban Outfitters.

Nine West Group, Inc. dba Nine West, Enzo, Easy Spirit, Bandolino, Nine West Outlet and Easy Spirit Outlet Michael Sadi 1129 Westchester Avenue White Plains, NY 10604 914-640-6400 Ext. 5934, Fax 914-640-5521 Email: msadi@jny.com Web site: www.ninewest.com

Shoes The 1,000-unit chain operates locations nationwide. The shoe stores occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in malls and outlet, specialty and strip centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months.

Rangoni U.S. Corp. dba Rangoni Firenze Shoes Randy Paddock 6199 Cornerstone Court East, Suite 106 San Diego, CA 92121 858-404-0043, Fax 858-404-0013 Web site: www.rangonishoes.com

Shoes The 13-unit chain operates locations throughout AZ, CA, FL, GA, MD, NC, SC, TN and TX. The men’s and women’s shoe stores occupy spaces of 2,000 sq.ft. in freestanding locations and lifestyle and outlet centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years. A vanilla shell is required. Preferred demographics include a population of 800,000 within 50 miles earning $50,000 as the average household income.

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Lead Sheet Christmas Tree Shops Les Sax c/o Sax Realty, Inc. 4931 Cordell Avenue Bethesda, MD 20814 240-497-1192, Fax 240-497-1070 Email: lsax@saxrealty.com Web site: www.saxrealty.com

Specialty The 60-unit chain operates locations throughout CT, DE, IN, MA, MD, ME, MI, NH, NJ, NY, OH, PA, RI and VT. The stores, offering home dĂŠcor items, gifts, housewares, paper goods and seasonal products, occupy spaces of 35,000 sq.ft. in regional power centers. Growth opportunities are sought throughout DE, MD, northern VA and Washington, DC during the coming 18 months, with representation by Sax Realty, Inc.

Hibbett Sporting Goods, Inc. dba Hibbett Sports Jeff Gray 451 Industrial Lane Birmingham, AL 35211 205-942-4292 Ext. 7267, Fax 205-912-7292 Email: jeff.gray@hibbett.com Web site: www.hibbett.com

Sporting Goods The 766-unit chain operates locations throughout AL, AR, AZ, CO, FL, GA, IA, IL, IN, KS, KY, LA, MO, MS, NC, NE, NM, OH, OK, SC, TN, TX, VA, WI and WV. The sporting goods stores occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in malls and power and strip centers. Plans call for 50 to 70 openings throughout the existing markets during the coming 18 months. Typical leases run five to 10 years with a three-year kickout. A vanilla shell, construction allowance and specific improvements are required. Preferred demographics include a population of 20,000 within five miles earning $30,000 as the average household income.

Carnival Booking, Inc. dba Carnival Booking Lois Konnos 800-408-7707 Email: lois@carnivalbooking.com Web site: www.carnivalbooking.com

Temporary Tenant The carnivals occupy a land area of 80,000 sq.ft. in parking lots of mall and strip centers nationwide. Growth opportunities are sought throughout the existing market during the coming 18 months. The company will also consider locating on vacant parcels with adequate parking.

Spirit Halloween Superstores, LLC dba Spirit Halloween Frank Pacera 6826 Black Horse Pike Egg Harbor Township, NJ 08234 609-645-5447, Fax 609-645-5622 Email: frank.pacera@spirithalloween.com Web site: www.spirithalloween.com

Temporary Tenant The company projects operating 875 locations nationwide during three months over the 2010 Halloween season. The stores, offering costumes, masks, make-up and accessories, occupy spaces of 5,000 sq.ft. to 15,000 sq.ft. in malls and outlet, power, specialty and strip centers, in addition to urban/downtown areas. Preferred cotenants include Best Buy, Kohl’s, Target, Walmart and grocery stores. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average household income. Major competitors include Halloween Adventure, Halloween Express and Party City.

Costco Wholesale Brian Whelan c/o Northwest Atlantic Real Estate Services 2311 West 22nd Street, Suite 208 Oakbrook, IL 60523 630-368-1033, Fax 630-368-1618

Wholesale Club The 566-unit chain operates locations nationwide and internationally. The wholesale clubs prefer to locate in freestanding locations and power centers. Growth opportunities are sought throughout IA, IN, KS, KY, LA, MA, ME, MI, MO, ND, NE, NH, OH (excluding Cleveland and Columbus); OK, PA, RI, SD, TX (excluding Austin and Houston); VT and WI during the coming 18 months, with reprsentation by Northwest Atlantic Real Estate Services.

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 76

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www.dealmakers.net

4/15/2010 3:23:26 PM

KIN

All Shapes Retail, Industrial, Office

All Sizes

3,000 - 1,000,000+ sqft

WE ARE BUYING

FREESTANDING BUILDINGS WHO WE ARE

Privately Held Commercial Real Estate Company Owners of 850 Buildings with 30,000,000 SQFT In Business For Nearly 50 Years Cash Buyer; Can Close FAST

WHAT WE BUY

All Over

The Continental United States

Freestanding, Single Tenant Buildings Land, subject to ground leases Power Centers Sale / Leaseback transactions Below market rents preferred Credit or non-credit tenants Single properties or portfolios

1.888.KIN.PROP JEFFREY SANDELMAN

President (561) 620-9200 ext 101 jsandelman@kinproperties.com

Visit us at RECon Booth #283 Q Street (south hall, 2nd level) corner of Q Street and 31st Ave KEY CONTACTS FOR ACQUISITIONS: LEE CHERNEY

Senior Vice President (561) 620-9200 ext 111 lcherney@kinproperties.com

ANDREW SCHREIER

Executive Vice President (561) 620-9200 ext 103 aschreier@kinproperties.com

185 NW Spanish River Blvd.

Suite 100 Boca Raton Florida 33431 Phone: 561.620.9200 Fax 561.955.9921 www.kinproperties.com

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Profile — DJM Realty (continued from page eight)

Puerto Rico Sites Wanted 40,000 sf to 80,000 sf Burlington Coat Factory is a credit tenant with nearly 400 department stores nationwide. The company was acquired for $2.06 billion in April 2006, by Bain Capital Partners, LLC, a leading global private investment firm.

Burlington Coat Factory will be the hottest retailer on the Island with the best selection of branded designer apparel for the family and luxury home decor accessories at the best prices.

Site Criteria: 40,000 sf to 80,000 sf New Construction, Existing Space, Build-to-Suits Mall, Strip Center, Power Center and Freestanding Please submit sites or call for questions:

Ann O’Neal TKO Real Estate Advisory Group, Inc. on behalf of Burlington Coat Factory 609-587-6200 | Fax: 609-587-3511 Email: ann@dealmakers.net page 78

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Graiser’s outlook on the retail industry as a whole suggests signs of a small recovery mixed with indicators that economic hardships are still to come. For example, he said, the square footage of stores closing during 2010 is likely to be less than in 2009 – but a greater number of stores will close, due to stores with smaller footprints facing difficult times. He cited casual restaurants, video stores and small regional supermarkets as retailers particularly facing softer sales and lower margins. “I’m not saying they’re all going to turn into bankruptcies in these sectors, but they’re certainly under stress,” Graiser added. “There are a lot of people going to the warehouse club-type stores, or even the local supermarkets that sell prepared food, which sometimes turns into a cheaper proposition for a lot of families on a very tight budget than going to a casual dining restaurant. A lot of people have lost jobs, and the last thing they’re going to do is drop $50 or $60 on a family dinner for an evening – that’s just not in their budget anymore.”

By contrast, Graiser said, the nationwide belt-tightening that has accompanied the economic downturn has had a positive effect on discount retailers, as people have become increasingly concerned about getting the best price possible. “People are not afraid of getting in their car and going to five or six stores to get the best value,” he said. “It’s all about finding real value.” Retailers’ response to this shift has been a greater focus on inventory management rather than drawing customers in through other methods, such as aesthetic improvements to stores. They have become more mindful of their customers’ needs, and of maintaining the right inventory so that there is less unpopular merchandise on store shelves. “Most retailers get it, and are doing a better job of managing their inventories,” Graiser said. “We have now seen some recovery in certain sectors, such as apparel.” In turn, he added, credit has begun to loosen up in some areas, as lenders become more comfortable with retailers’ inventory and performance.

Whether or not this change in consumer mentality will have a permanent impact on the retail landscape remains to be seen, but Graiser predicted that, at least for the next few years, consumers will be driven mostly by the hunt for a good bargain, including clipping coupons. “It’s not cool anymore to spend a lot of money, at any level,” he said.

For more information, contact Andy Graiser, DJM Realty, 445 Broadhollow Road, Suite 225, Melville, NY 11747; 631-752-1100, Fax 631752-1231; Email: agraiser@djmrealty.com; D Web site: www.djmrealty.com.

M

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Arizona

California

Alabaster – Willow Plaza, a 14,000 sq.ft. strip center located at the intersection of State Highway 119 and Meadowlark Place, has spaces available of 1,250 sq.ft. and 3,000 sq.ft. Cotenants include Celebrity Video & Tan and USA & Co. Area retail includes Starbucks, Walgreens and Publix.

Area demographics include a population of 38,133 within five miles earning $79,945 as the average household income. The average daily traffic count is 21,300 vehicles.

For details, contact Louise Jennings, Real Estate Southeast, LLC, PO Box 681955, Prattville, AL 36068; 866-283-5516, Fax 334-4916210; Email: louise@realestatesoutheast.com; Web site: www.realestatesoutheast.com.

6600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Metro Center, located at the intersection of Los Feliz Boulevard and Perlita Avenue, has space available. Also, Baldwin Hills Crenshaw Plaza, located at the intersection of Crenshaw Boulevard and Martin Luther King Boulevard, has space available. San Francisco – Space located along Post Street between Grant Avenue and Stockton Street is available.

For details, contact The Festival Cos., 9841 Airport Boulevard, Suite 700, Los Angeles, CA 90045; 310-665-9600, Fax 310-6659009; Web site: www.festivalcos.com.

Arizona Phoenix – A 19,360 sq.ft. freestanding former Barnes & Noble situated on 1.48 acres at the intersection of North Metro Parkway West and 28th Drive is available. Area retail includes Metro Center Mall.

For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-

Arkansas Forrest City – A 12,730 sq.ft. freestanding building located on North Washington Street is available. The asking rent is $6.95 psf. Ft. Smith – A 35,200 sq.ft. freestanding building located on Highway 271 is available. The asking rent is $3.75 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

California Beverly Hills – Space is available along North Beverly Drive. Los Angeles – Franciscan

Rancho Cucamonga – Terra Vista Town Center, a master-planned community, has a 59,818 sq.ft. freestanding former Best Buy situated on 5.19 acres at the intersection of Foothill Boulevard and Elm Street available.

Cotenants include Barnes & Noble, PetSmart and Stein Mart. Area demographics include a population of 260,448 within five miles earning $81,954 as the average household income. The average daily traffic count is 33,500 vehicles.

For details, contact Donna Finch, City of Rancho Cucamonga, 10500 Civic Center (continued on page eighty-two)

For SaLe or LeaSe HIGHWAY 20 & BARTELL BOULEVARD

Galena, Illinois Proposed Lot Sizes

Join: Super Wal*Mart (Opened January 2005) Galena, a major tourist destination, attracts 1.6 million visitors a year

Submit all offers!

Price reduced!

Proposed Layout demographics Population Average Inc. Households

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15 miles 77,679 $51,944 35,355

May 28, 2010

30 miles 167,844 $51,763 72,677 The

45 miles 351,354 $50,365 153,582

Dealmakers

Michael A. Kolodny, CPM 773-545-6160 Hallmark & Johnson Property Management, Ltd. 6160 N. Cicero, Suite 620, Chicago, IL 60646 mikek@hallmarkjohnson.com * Not affiliated with Hallmark & Johnson Properties

www.dealmakers.net

4/15/2010 3:23:31 PM

SPACE FOR LEASE WETHERSFIELD SHOPPING CENTER SILAS DEANE HWY. (RT. 99) WETHERSFIELD, CT

3,200 S/F • 6,240 S/F • 7,025 S/F (ADJACENT TO BED BATH & BEYOND)

Location 991-1115 Silas Deane Hwy. (Rte. 99) Wethersfield, CT GLA 165,000 on 16 Acres Anchor Tenants Bed Bath & Beyond, T J Maxx, Hartford Hospital Other Tenants RadioShack, The UPS Store, Payless ShoeSource, Sleepys.

Dots, Hallmark Gold Crown Stores, Friendly's, Webster Bank

Population 2 Mile - 22,420 3 Mile - 53,967 5 Mile - 189,459 Average HH Income 2 Mile - $80,558 3 Mile - $74,438 5 Mile - $68,833 Average Daily Traffic Count 23,000

Steven C. Neiditz, President & Chief Executive Officer | M.J. Neiditz & Company, Inc. 125 LaSalle Road, West Hartford, CT 06107-2311 | Ph. (860) 561-4570 | Fax (860) 561-4574 | e-mail sneiditz@mjneiditz.com | www.neiditz.com

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Colorado

(continued from page eighty)

Drive, Rancho Cucamonga, CA 91730; 909-477-2700, Fax 909-477-2848; Email: donna.finch@cityofrc.us; Web site: www.rcrda.us.

Or Ruben Escobosa, Douglas Hogan or Barbara Armendariz, Colliers International, 3401 Centre Lake Drive, Suite 150, Ontario, CA 91761; 909-937-6314/6322 or 760-930-7935; Emails: ruben.escobosa@colliers.com, douglas.hogan@colliers.com and barbara.armendariz@colliers.com; Web site: www.colliers.com/inlandempire.

Colorado Northglenn – A 56,040 sq.ft. freestanding building located on West 104th Avenue is available. The asking rent is $6 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and

gshapiro@kinproperties.com; www.kinproperties.com.

Connecticut Web

site:

Connecticut Ellington – Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. Rocky Hill – Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. Stratford – Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots.

For details, contact Rob Mehlich, Jr., Mehlich Associates, 8 Depot Square, Tuckahoe, NY 10707; 914-793-5050; Web site: www.mehlichassoc.com.

Stratford – The Dock Shopping Center, a 188,000 sq.ft. center located at the intersection of Interstate 95 and Ferry Boulevard, has a 16,159 sq.ft. space available. BJ’s Wholesale Club anchors the center.

For details, contact Linda Lacey, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-8638200 Ext. 202, Fax 203-861-6755; Web site: www.ubproperties.com.

Wethersfield – Wethersfield Shopping Center, a 165,000 sq.ft. center situated on 16 acres along Route 99/Silas Deane Highway, has spaces available of 3,200 sq.ft.; 6,240 sq.ft. and 7,025 sq.ft. Bed Bath & Beyond and T.J. Maxx anchor the center. Cotenants include RadioShack, The UPS Store, Payless ShoeSource, Sleepy’s, Dots, Hallmark Gold Crown, Friendly’s and Webster Bank. Area demographics include a population of 189,459 within five miles earning $68,833 as the average household income. The average daily traffic count is 23,000 vehicles.

For details, contact Steven C. Neiditz, M.J. Neiditz & Co., Inc., 125 LaSalle Road, West Hartford, CT 06107-2311; 860-561-4570, Fax 860-561-4574; Email: sneiditz@mjneiditz.com; Web site: www.neiditz.com.

Delaware Seaford – Sussex Plaza has a 2,992 sq.ft. space available.

For details, contact Beverly Keith, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; (continued on page eighty-four)

Space for Lease | 1,362 SF & 1,075 SF

65th and Broadway Sacramento, CA JOin Two closest retail spaces to the new Target store.

1,362 SF: Restaurant Ready space with walk in 1,075 SF: Ready for Occupancy, Retail or Restaurant • Two retail spaces can be combined • Key Corner Location serving the dense neighborhoods south of Highway 50 & surrounding areas • Great Freeway (Highway 50) Access makes Property easily (& quickly) accessible to a large populations • Close to California State University Sacramento, SMUD (Sacramento’s large regional power operation), Shriner’s Hospital & UC Davis Medical Campuses (UC Med Center, UC Children’s Hospital, UC Nursing School, Mind Institute)

• Traffic over 50,000 cars ADT per day at corner page 82

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Bob Rosenberg, CCIM 2020 Hurley Way, Suite 220 Sacramento, CA 95825 Phone (916) 929-6310 Fax (916) 929-6391 Cell (916) 212-6477 bobr@investnnn.com www.investNNN.com Owner/Agent/CA Real Estate Lic. #00792969

Ready foR Reinvention!

Ready foR Redevelopment!

The Margate Community Redevelopment Agency has released its Request foR qualifications for the redevelopment of the Margate City Center — 36 acres of prime real estate in southeast Florida.

Please contact our office to request a copy.

5790 maRgate BoulevaRd maRgate, fl 33063 (954) 935-5324 email: cRa@maRgatefl.com www.maRgatecRa.oRg

www.dealmakers.net

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Coral Square Shoppes 3006 South US Highway 1, Ft. Pierce, Florida, 34982 Phase 1 Under Construction Anchored by Save-A-Lot

Tulepan Management LLC has started construction of Phase 1 of Coral Square Shoppes, a 182,000sf retail center situated on 17 acres on S. US 1 and Edwards Road in Fort Pierce.

Phase 1 will be anchored by a 17,000sf SAVE-A-LOT Food Store and 25,000sf of retail space in two buildings, which is scheduled to be completed and open in June. When completed, the project will consist of retail, restaurant, entertainment and office components.

Financing for Phase 1 of the project is being provided by the City of Fort Pierce, in conjunction with the Federal Government’s HUD 108 Loan Program. The project was the first if its kind in the City of Fort Pierce to receive official “Brownfield” designation and was subsequently awarded a Grant from the U.S. Department of Housing and Urban Development’s Brownfield Economic Development Initiative, which is co-sponsored by the U.S. Environmental Protection Agency.

The architect for the project is Kenneth McGee PA, and the general contractor is Kast Construction.

Tulepan Management LLC 11555 Heron Blvd. / Suite 200 • Coral Springs, FL 33076 954-603-0455 Randy M. Tulepan www.tulepanmanagement.com • randy@tulepanmanagement.com

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(continued from page eighty-two)

919-518-2000, Fax 919-424-0001; Email: bkeith@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Florida Coral Springs – Coral Springs Court has spaces available from 600 sq.ft. to 3,000 sq.ft. Cotenants includeStonegateBankandHuntingtonLearning Center. Hollywood – Hollywood Palms has spaces available from 1,140 sq.ft. to 10,000 sq.ft.

Publix anchors the center and cotenants include Walgreens. Margate – Shoppes at Margate has spaces available from 1,500 sq.ft. to 10,000 sq.ft. Pembroke Pines – Flamingo Market Place has spaces available from 1,200 sq.ft. to 6,800 sq.ft. Cotenants include U.S. Postal Service. Also, FMS Corners has spaces available from 1,985 sq.ft. to 5,070 sq.ft. Cotenants include Quiznos, Hear X and Asian Buffet. Also, Shoppes at Pembroke has spaces available from 1,300 sq.ft. to 3,840 sq.ft. Cotenants include Michaels and Weight Watchers.

For details, contact Charles Hirsch, Tom LiPuma and Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue,

Florida

Florida

Manhasset, NY 11030; 516-869-1240; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.milbrookproperties.com.

For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: dlewis@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Jacksonville – A 3,000 sq.ft. freestanding building located on Normandy Boulevard is available. The asking rent is $11.95 psf. Lakeland – An 8,000 sq.ft. freestanding building located on East Memorial Boulevard is available. The asking rent is $6.95 psf.

Pinellas Park – A 1,920 sq.ft. freestanding building located on U.S. Highway 19 North is available.

The asking rent is $14.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

Wilton Manors – Shoppes of Wilton Manors has spaces available of 3,615 sq.ft. and 15,423 sq.ft.

Georgia Atlanta – Lenox Village has spaces available from 760 sq.ft. to 3,483 sq.ft. Augusta – Southpointe Plaza has a 1,712 sq.ft. space available. Macon – Walnut Creek Plaza has a 1,997 sq.ft. space available.

For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: dlewis@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Bainbridge – A center located on East Shotwell Street has a divisible 86,479 sq.ft. former Big Kmart available. Cotenants include Harvey’s Supermarket, Hibbett Sporting Goods and Dollar Tree. Area demographics include a

SILBERT

The Village Shoppes at Hawk Pointe Warren County, Washington Twp, NJ

REALTY & MANAGEMENT COMPANY, INC.

(continued on page eighty-eight)

The Avenue at South Orange

Essex County, South Orange, NJ

www.SilbertRealEstate.com

Featured Retail Properties For Lease The Brownstones at Englewood Bergen County, Englewood, NJ

ShopRite Supermarket plus 14,454 SF Freestanding Multi-Tenant Village Retail Center

Lilac Plaza - New Construction Essex County, Newark, NJ

Warren Village Center

Windsor Plaza

Somerset County, Warren Twp, NJ

Mercer County, Princeton Junction, NJ Street Level Retail with Luxury Apartments Above 60,766 SF Neighborhood Shopping Center - Anchor Opportunity

052810_CS3.indd 84

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3,500 SF Freestanding Building 15,000 SF Shopping Center

If you are interested in discussing any of these opportunities, plus additional assets for sale or lease please contact us.

“Relationships Built on Results Since 1986”

(T) 908-604-6900 page 84

Street Level Retail with Luxury Condominiums Above

The

Dealmakers

(F) 908-604-2030

61,000 SF King’s Supermarket Anchored Shopping Center

info@silbertrealestate.com

www.dealmakers.net

4/15/2010 3:23:42 PM

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South Hall S2 Las Vegas Convention Center

ICSC RECon 2010 - Convention Floor Plan

CaveomSeome

H Lemonade! Make deals, have some lemonade, grab some candy, and win an iPad…

at S283 Q Street!

South Hall S2 Las Vegas Convention Center

Important Dates & Times Sunday, May 23

Tuesday, May 25

ICSC Reconnect Pavilion ICSC Opening General Session w/Sarah Palin Trade Show Opens!

ICSC Night of the Stars w/ Kevin Nealon

8:00am – 6:00pm 2:00pm – 3:15pm 2:00pm – 6:00pm 7:00pm – 10:30pm

Registration ICSC Reconnect Pavilion Trade Show Opens!

ICSC Luncheon & Hot Retailer Awards ICSC Town Hall Meeting

6:30am – 5:00pm 8:00am – 5:00pm 8:00am – 5:00pm 11:30am – 1:30pm 3:00pm – 4:15pm

Wednesday, May 26

Monday, May 24 Registration ICSC Reconnect Pavilion Trade Show Opens!

ICSC Luncheon w/ Blake Nordstrom ICSC Global Retail Runway

7:00am – 5:00pm 8:00am – 5:00pm 8:00am – 5:00pm 12:30pm – 2:15pm 2:30pm – 3:30pm

Pack it up and go home!

don’t miss our 2010 state of the industry report • pages 10-12 052810_CS3.indd 86

4/15/2010 3:23:51 PM

South Hall S1 Las Vegas Convention Center

ICSC RECon 2010 - Convention Floor Plan

Central Hall C1 Las Vegas Convention Center

Central Hall C3 C4 C5 Las Vegas Convention Center

follow us! twitter.com/dealmakersmag | become our fan! facebook.com/thedealmakers 052810_CS3.indd 87

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population of 110,882 within 25 miles earning $46,234 as the average household income.

For details, contact Bryan Zenchyk, In-Rel Management, Inc.; 561-383-2412, Fax 561249-1013; Email: bzenchyk@in-rel.com; Web site: www.in-rel.com.

Hawaii Waikiki – Royal Hawaiian Center, a mixeduse center located along Kalakaua Avenue, has space available.

Hawaii

Illinois

For details, contact The Festival Cos., 9841 Airport Boulevard, Suite 700, Los Angeles, CA 90045; 310-665-9600, Fax 310-6659009; Web site: www.festivalcos.com.

Dollar General and Subway.

For details, contact McCollom Realty, Ltd., 1010 Lake Street, Oak Park, IL 60301; 708-383-6450, Fax 708-383-1120; Web site: www.mccollomrealty.com.

Illinois Chicago – A divisible 7,000 sq.ft. former Hollywood Video is available. Evergreen Park – A divisible 6,600 sq.ft. former Blockbuster Video is available. Area retail includes T-Mobile. Heyworth – A 1,500 sq.ft. space is available. Area retail includes

HIGHLIGHT YOUR pROjecTs and seRvIces BY sendInG OUT an e-BLasT, and GeneRaTe LeGITImaTe Leads In YOUR InBOx wITHIn HOURs what is a dealmakers e-Blast?

The dealmakers e-Blast is an e-mail sent to over 55,000 opt-in subscribers that are doing deals. promote your company, properties, acquisition or site selection criteria.

what makes a dealmakers e-Blast different?

• Unlike other companies, there are no templates. each blast is designed specifically for your company.

• You can supply your own blast, keeping it consistent with your other marketing materials.

• Most blasts can be turned around within 48 hours. and best of all…

• You decide when to send it. You’re not put into a queue with no idea when it has been sent.

www.eblast.net | 1.800.732.5856 page 88

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The

Dealmakers

Chicago – Lombard Pines Shopping Center, a 240,000 sq.ft. strip center situated on 19.5 acres at the intersection of IL Route 38/Roosevelt Road and Main Street, has spaces available of 1,330 sq.ft. and 18,000 sq.ft. along with a divisible space of 72,500 sq.ft. Jewel-Osco, Enchanted Castle and Sam Ash Music anchor the center. Cotenants include MB Financial Bank, Weight Watchers, Boston Market and Culvers. Area retail includes Hobby Lobby, X Sport Fitness, Toys “R” Us, Harbor Freight Tools and Kmart. Area demographics include a population of 301,092 within five miles earning $57,418 as the median household income. The average daily traffic count is 65,000 vehicles. The asking rent ranges from $6 psf to $12 psf for the divisible space.

For details, contact Michael Sackar, The Sackar Co., 945 West George Street, Suite 207, Chicago, IL 60657; 773-348-7777, Fax 773348-7774; Email: msackar@sackarinc.com.

Pekin – East Court Village, located at the intersection of Veterans Drive and Court Street, has space available. Bergner’s and Hobby Lobby anchor the center. Cotenants include Big Lots, Starbucks, rue21, Culver’s, Applebee’s, Tractor Supply Co., Kirlin’s Hallmark, Hibbett Sporting Goods and Dunham’s Sports. Area retail includes Walmart Supercenter, Sears and Menards. Area demographics include a population of 311,251 within 20 miles earning $64,367 as the average household income. The average daily traffic count is 28,300 vehicles. Quincy – Quincy Mall, located at the intersection of Broadway Street and 33rd Street, has space available. Bergner’s, JCPenney and Sears anchor the center. Cotenants include Petco, DEB, dressbarn, rue21, Victoria’s Secret, Hibbett Sporting Goods, Krieger’s Pub and Christopher & Banks. Area demographics include a population of 54,889 within 10 miles earning $53,471 as the average household income. The average daily traffic count is 27,700 vehicles.

For details, contact Suzanne Williams, Cullinan Properties, Ltd., 211 Fulton Street, Peoria, IL 61602; 309-999-1717; Email: swilliams@cullprop.com; Web site: www.cullinanproperties.com.

Indiana Kokomo – A 333,844 sq.ft. center has space available. Walmart anchors the center and cotenants include Blockbuster Video and (continued on page ninety)

www.dealmakers.net

4/15/2010 3:23:55 PM

lombard pines • lombard, il 72,500 sF available (expandable to 90,000 sF/divisible) Location Roosevelt Road (IL Rte. 38) and Main St. GLA 240,000 +/- on 19.5 Acres Anchor Tenants Jewel/Osco, Enchanted Castle Rated Tenants Sam Ash Music, MB Financial Bank, Weight Watchers, Culver's Restaurant, Boston Market Demographics 2 mile

3 mile

5 mile

Population

52,118

103,272

239,940

2011 Projected Population

53,690

106,473

284,717

Average HH Income

$80,154

$91,542

$94,129

Average daily traffic count exceeds 64,000 VPD

Six entries with two signalized • 970 vehicle parking lots Inviting rents and pass thrus

Exclusive Leasing Agents 945 W. George Street, Chicago, IL 60657 phone: 773.348.7777 • fax: 773.348.7774 sackarcompany@aol.com • leasing@sackarinc.com is5-28-10_sackar.indd 052810_CS3.indd 89 1

Broker cooperation assured 4/15/2010 4/15/2010 12:08:24 3:23:57 PM

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Rent-A-Center. Area retail includes Meijer and Target. Area demographics include a population of 66,561 within five miles earning $56,561 as the average household income.

For details, contact Hal Fry, Hauck Holdings, Ltd., 4334 Glendale Milford Road, Cincinnati, OH 45242; 800-536-3300; Email: hsf@hauckco.com.

Kansas Wichita – Central Park Place, a center

Kansas

Kansas

situated on 26 acres at the intersection of 26th Street North and Maize Road, has a divisible 40,000 sq.ft. junior anchor space available along with three pad sites. Lowe’s Home Improvement anchors the center and cotenants include Long John Silver’s, Cinnamon’s Deli, Five Guys Famous Burgers and Fries and Ribbitt Computers. Area retail includes Best Buy, The Sports Authority, SuperTarget, Walmart, Dillon’s Marketplace and Michaels.

For details, contact Brad Saville, Landmark Commercial Real Estate, 156 North Emporia,

Wichita, KS 67202; 316-262-2442; Web site: www.landmarkrealestate.net. Or Christian Ablah, Classic Real Estate, Inc., 8110 East 32nd Street North, Wichita, KS 67226; Web site: www.classicrealestate.net.

Running into deadends?

Retail real estate deals can be full of unexpected roadblocks. Well versed in all facets of retail real estate law, Meislik & Meislik serves national, regional and local commercial property owners, lenders, investors and tenants. We navigate our clients through the most complex twists and turns of retail real estate transactions.

Kentucky Ashland – Russell Centre, a 272,000 sq.ft. center located at the intersection of Diederich Boulevard and Route 23, has space available totaling 21,000 sq.ft. along with a pad site.

Lowe’s Home Improvement and Super Kroger anchor the center. Richmond – Richmond Plaza, a 107,000 sq.ft. center located at the intersection of U.S. Highway 25 and Eastern Bypass, has space available. Super Kroger and Blockbuster Video anchor the center.

For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Louisiana New Orleans – A 275,235 sq.ft. center has space available. Walmart Supercenter anchors the center and cotenants include Family Dollar, Shoe Show and Cato. Area demographics include a population of 283,039 within five miles earning $45,130 as the average household income. Opelousas – A 237,891 sq.ft. center has space available.

Walmart Supercenter anchors the center and cotenants include Dollar Tree, Shoe Show, Hibbett Sports and Cato. Area demographics include a population of 47,714 within seven miles earning $39,461 as the average household income.

For details, contact Hal Fry, Hauck Holdings, Ltd., 4334 Glendale Milford Road, Cincinnati, OH 45242; 800-536-3300; Email: hsf@hauckco.com.

Maryland

Ira Meislik, managing principal of Meislik & Meislik has been named to the 2009 BTI Client Service All-Star Team. This award celebrates the 176 attorneys identified by Fortune 1000 companies as providing outstanding client service.

973 783-3000 • www.meislik.com Montclair, New Jersey

page 90

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Dealmakers

Hagerstown – Long Meadow Shopping Center, a 243,000 sq.ft. center located at the intersection of Route 60/Potomac Avenue and Northern Avenue, has anchor space available along with a pad site. Ashley Furniture, CVS and PA Dutch Market anchor the center.

Randallstown – Brenbrook Plaza, a 139,000 sq.ft. center located at the intersection of Liberty Road and Brenbrook Drive, has space available. Home Depot anchors the center.

For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, (continued on page ninety-two)

www.dealmakers.net

4/15/2010 3:23:58 PM

Seldin-ICSC-7.5x10-4'10:WWPlazaMontclairFINAL3-3x10-'07

P R I M E

R E T A I L

4/13/10

10:36 AM

Page 1

S P A C E

A V A I L A B L E

RIGHT LOCATIONS - RIGHT PRICE LOCATED IN

OMAHA, NEBRASKA •

20,500 – 64,000 sq. ft.

Anchor Space available

• • • •

1,300 – 1,600 sq. ft. Small Shop Space available Recently renovated 250,000 sq. ft. Power Center Population of over 240,000 within a 5 mile radius Average household income over $81,000 within a 5 mile radius • Competitive lease rates • Highly visible from West Center Road MONTCLAIR ON CENTER • 132nd & WEST CENTER ROAD

•

5,737 sq. ft. available located on a retail pad

• • • • • •

Build to Suit opportunity – up to 10,000 sq. ft.

Population of over 238,000 within a 5 mile radius Underserved portion of Omaha Excellent visibility & easy access Center anchored by K-mart Competitive lease rates

•

Potential for approximately 125,000 sq. ft. development

• • • • • • •

For sale or lease Excellent exposure along Kennedy Freeway Fastest growing county in Nebraska 5 minutes to Offutt Air Force Base Pylon signage available Population of over 158,000 within a 5 mile radius Average household income $52,000 within a 5 mile radius

K-MART SOUTH CENTER • 50TH & L STREET

N Kennedy Freeway

KENNEDY FREEWAY CENTER • KENNEDY FREEWAY & CHANDLER ROAD

Promises Made, Promises Kept – More than 86 Years of Quality Service

CALL DAN DUTTON OR JON PESCE TODAY

402.333.7373 www.seldin.com

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28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Laurel – A 3,600 sq.ft. freestanding building located on Baltimore Road is available. The asking rent is $24 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

Massachusetts North Dartmouth – Towne Center, a 138,000 sq.ft. center located at the intersection of Route 6 and Faunce Corner Road, has space available. Super Stop & Shop and Best Buy anchor the center.

Massachusetts

Michigan

For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

of 1,400 sq.ft.; 1,600 sq.ft. and 3,200 sq.ft. Area demographics include a population of 86,814 within five miles earning $64,802 as the average household income. The average daily traffic count is 40,000 vehicles.

For details, contact Daniel Nassimi, Nassimi Realty, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212-643-8080, Fax 212643-3636; Email: daniel@nassimirealty.com; Web site: www.nassimirealty.com.

Michigan Commerce – A 125,490 sq.ft. freestanding building located on Union Lake Road is available. The asking rent is $5 psf. Flint – A 4,795 sq.ft. freestanding building located on Miller Road is available. The asking rent is $7.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com.

Holland – Cedar Village Plaza, a 217,213 sq.ft. power center, has spaces available

Minnesota Falcon Heights – An 8,400 sq.ft. freestanding building located on West Larpenteur Avenue is available. The asking rent is $10 psf.

Spring Lake Park – A 6,564 sq.ft. freestanding building located on University Avenue Northeast is available. The asking rent is $12 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. (continued on page ninety-four)

TOUGH TIMES... make for great opportunities in retail real estate.

Our Real Estate partners have over 75 years’ experience in finding value, unearthing opportunity and managing possibilities. Whether it be lease analysis or site selection, due diligence or lease negotiations, our team will get to work immediately and help you get the most value for your real estate dollars.

Please call or email Pres Talley today for an appointment at RECON (813) 205-2581 or ptalley@eshapiroassoc.com www.ethanshapiroandassoc.com page 92

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The

Dealmakers

www.dealmakers.net

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112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

Mississippi Clarksdale – Clarksdale Commons, a 19,600 sq.ft. strip center located along Highway 322, has spaces available of 3,000 sq.ft. and 4,000 sq.ft. Cotenants include It’s Fashion, RadioShack, Best Way and Advance America. Area demographics include a population of 30,622 within five miles earning $24,000 as the median household income.

For details, contact Louise Jennings, Real Estate Southeast, LLC, PO Box 681955, Prattville, AL 36068; 866-283-5516, Fax 334-491-6210; Email: louise@realestatesoutheast.com; Web site: www.realestatesoutheast.com.

Jackson – Meadowbrook Crossing has spaces available of 4,400 sq.ft. and 67,000 sq.ft. Cotenants include Simply Fashions,

Mississippi

Missouri

Advance America, Payless ShoeSource and Genesis Variety. Area demographics include a population of 68,861 within three miles earning $54,628 as the average household income.

For details, contact Redd Realty Services, 4200 Northside Parkway, Building 10, Suite 101, Atlanta, GA 30327; 404-8410123, Fax 404-841-0127; Web site: www.reddrealty.com.

available. The asking rent is $10.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

Missouri Hannibal – A 270,000 sq.ft. center has space available. Walmart Supercenter shadowanchors the center and cotenants include JCPenney and Kroger. Area demographics include a population of 135,594 within 30 miles earning $47,469 as the average household income.

For details, contact Hal Fry, Hauck Holdings, Ltd., 4334 Glendale Milford Road, Cincinnati, OH 45242; 800-536-3300; Email: hsf@hauckco.com.

Joplin – A 4,800 sq.ft. freestanding building located on North Range Line Road is

Nebraska Omaha – Montclair on Center, a 250,000 sq.ft. power center located at the intersection of 132nd Street and West Center Road, has spaces available from 1,300 sq.ft. to 1,600 sq.ft. along with a divisible anchor space of 64,000 sq.ft. Area demographics include a population of 240,000 within five miles earning $81,000 as the average household income. Also, Kmart South Center, located at the intersection of 50th Street and L Street, has a 5,737 sq.ft. space available along with a 10,000 sq.ft. build-

   (continued on page ninety-six)

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               

                 

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The

Dealmakers

www.dealmakers.net

4/15/2010 3:24:08 PM

WELL

POS TIONED C

M

Our

Y

vertically integrated

CM

MY

CY

platform, capitalized with

over $1 Billion

MY

K

of discretionary buying power,

creates

powerful solutions.

Let’s discuss how we can reach higher together.

For Information Contact: Joel Braun

Executive Vice President Chief Investment Officer jbraun@acadiarealty.com

David Robinov

Senior Vice President Acquisitions drobinov@acadiarealty.com

(800) 227.5570 Christopher Conlon

Senior Vice President Leasing & Development cconlon@acadiarealty.com

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Space Place Nebraska

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to-suit. Kmart anchors the center. Area demographics include a population of 238,000 within five miles. Also, a 125,000 sq.ft. parcel located at the intersection of Kennedy Freeway and Chandler Road is available. Area demographics include a population of 158,000 within five miles earning $52,000 as the average household income.

For details, contact Dan Dutton or Deb Graeve, Seldin Co.; 402-333-7373; Web site: www.seldin.com.

Nevada Las Vegas – Kmart Plaza, a 127,754 sq.ft. center located at the intersection of East Sahara Avenue and McLeod Drive, has a 10,945 sq.ft. outlot available.

For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

New Jersey Absecon – Marketplace of Absecon, a 104,446 sq.ft. neighborhood shopping

New Jersey

New Jersey

center located on White Horse Pike, has space available from 1,290 sq.ft. to 20,454 sq.ft. ShopRite shadow-anchors the center and cotenants include White Horse Liquors, Dollar Tree, Village Dry Cleaners, China Sea Restaurant, Island Gym & Fitness, Advance Auto Parts, Rite Aid and Arby’s. Area demographics include a population of 219,002 within 10 miles earning $70,743 as the average household income.

For details, contact Maria Fernandes, Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, NY 10605; 800-227-5570; Email: mfernandes@acadiarealty.com.

Englewood – The Brownstones at Englewood, a mixed-use center, has space available. Newark – Lilac Plaza, a 15,000 sq.ft. center, has space available along with a 3,500 sq.ft. freestanding building.

Princeton Junction – Windsor Plaza, a 60,766 sq.ft. neighborhood shopping center, has space available, including an anchor space. South Orange – The Avenue at South Orange, a mixed-use center, has space available.

For details, contact Silbert Realty & Management Co., Inc.; 908-604-6900, Fax 908604-2030; Email: info@silbertrealestate.com; Web site: www.silbertrealestate.com.

Edison – The Shops at Colonial Village, located at the intersection of Route 27/ Lincoln Highway and Parsonage Road, has space available. Cotenants include LouCas, Starbucks, Original Soup Man, Ichiban Sushi, Meemah Chinese/Malaysian Cuisine, Uncle Ralphie’s Gourmet Pizza and Caterer, Alan’s Fine Footwear, Bernstein’s Fashions, Lingerie by Susan, Vogue Nails, Bella Floral, Lamp Dry Cleaners, Ace Shoe Repair and Skin by Nicole.

For details, contact Weiss Realty Co., Inc.; 201-814-1800; Web site: www.jweissrealty.com.

Galloway – Spaces are available. Manchester – Spaces are available. Toms River – Spaces are available. Whiting – Spaces are available.

For details, contact Kay Realty Services, LLC; 732-918-1148; Web site: www.kayrealtyholdings.com.

Galloway – Sunrise Plaza, a 15,400 sq.ft. center, has a 1,080 sq.ft. space available.

Manalapan – Towne Pointe Center, a 75,384 sq.ft. center, has space of up to 13,000 sq.ft. available. Matawan – Broad Street Plaza, a 14,992 sq.ft. center, has a divisible 9,200 sq.ft. pad site available. Walgreens anchors (continued on page ninety-eight)

Life. Encircled.

Mariano’s Fresh Market is expanding in Chicagoland!

21ST Street • Norfolk, VA

Witherell Real Estate is Roundy’s Chicagoland Broker!

Roundy’s has developed an exciting new supermarket concept just for Chicagoland called Mariano’s Fresh Market!

Signed leases @ New City, Lakeshore East, 39th & State, and Arlington Heights!

Urban and Suburban sites considered. New or Existing Space.

Lease or Purchase. Store size is 60,000 – 80,000 SF.

Live. Shop.

Dine. Explore.

Call Andy Witherell 773-991-4932 andy@witherellrealestate.com www.witherellrealestate.com

Li

Visit us at the Las Vegas ICSC • Booth #C111 • 11th Ave. & Union Street 512 S. Lynnhaven Road, Suite 101 Virginia Beach, Virginia 23452 Phone 757.490.3585 | Fax 757.490.3676 www.katsias.com | info@katsias.com

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JulIus M. FEInbluM REal EstatE, InC.

PRIME REtaIl sPaCE avaIlablE In ny & nJ LAKE GROVE, NY 1995 Nesconset Highway (Route 347) 5,000 squaRE Foot sublEasE • Join Fortunoff Backyard Store near Smithaven Mall • Great retail corridor!

• Neighboring Retailers include Lowe’s, Office Max, Borders, Ulta 3, Bed Bath & Beyond, Petco, Whole Foods, Jared Jewelers & LA Fitness Contact: Fred Feinblum or David Lucas

POUGHKEEPSIE, NY 1910 South Road (Route 9) +/- 42,000 squaRE Foot FoRMER CIRCuIt CIty buIldIng (wIll sub-dIvIdE) • JOIN ASHLEY HOMESTORE! • Prime visibility & exposure on Route 9 • On prime retail corridor in the heart of Dutchess County • Close to Poughkeepsie Galleria (Target, Sears, JC Penney, Regal Cinemas, Best Buy, Dick’s, Macy’s) & The Shoppes at South Hills (Kmart, Burlington Coat Factory, ShopRite, Bob’s Discount Furniture, Christmas Tree Shops) • Also close to Lowe’s, Petco & Staples Contact: David Lucas

PARAMUS, NJ 55 Route 4 West 21,000 squaRE FEEt • Located at one of America’s busiest intersections • In close proximity to 3 of America’s Top major shopping malls • Close to Ethan Allen, La-Z-Boy, Thomasville Furniture, Crate & Barrel, Sleepy’s, Raymour & Flanigan, Jennifer Convertibles, Maurice Villency and Ashley Furniture.

Contact: Julius Feinblum

Julius M. Feinblum Real Estate, Inc.

25 Fairchild Avenue, Suite 500 • Plainview, NY 11803 516-844-8890 (Phone) • 800-791-8936 (Toll Free) 516-844-8895 (Fax) jmfrealty@aol.com • www.furniturerealestate.com

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the center.

For more information, contact Roger Turley, Jamie Mazzola-Watson or Steve Dudziec, M&M Realty Partners, 1260 Stelton Road, Piscataway, NJ 08854; 732-9851900; Email: info@mmrealtyparnters.com; Web site: www.mmrealtypartners.com. Or 69 Century Drive, Clifton, NJ 07014; 973779-7466.

Middlesex – Westmarket Center, a 200,000 sq.ft. mixed-use center, has space available. Mt. Holly – Evergreen Plaza has spaces available from 5,600 sq.ft. to 15,000 sq.ft. along with a 10,000 sq.ft. pad site and a 60,000 sq.ft. build-to-suit.

Union – Union 22 Town Center, located on Route 22, has spaces available from 4,000 sq.ft. to 10,800 sq.ft. along with a 6,000 sq.ft. pad site. Union City – A mixeduse building has a 3,000 sq.ft. store front space available.

For details, contact Nicholas J. Aynilian, Vanick Properties, Inc., 381 Broadway, Westwood, NJ 07675; 201-666-7710, Fax 201666-7714; Email: info@vanickproperties.com; Web site: www.vanickproperties.com.

Princeton – Princeton Shopping Center, a 228,000 sq.ft. open-air mall located on North

New Jersey

New York

Harrison Street, has spaces available from 2,000 sq.ft. to 13,000 sq.ft. McCaffrey’s, Ace Hardware, NYSC and Rite Aid anchor the center. Cotenants include Great Clips, Quiznos, Hallmark, PNC Bank, Dunkin’ Donuts, Edward Jones, The UPS Store and RadioShack. Area demographics include a population of 78,592 within five miles earning $148,008 as the average household income.

For details, contact Chris Hanington, Princeton Shopping Center, 301 North Harrison Street, Princeton Township, NJ 08540; 609-921-6234; Email: chaningtonprinceton.shoppingcenter@verizon.net; Web site: www.princetonshoppingcenter.com.

Commons has a 1,103 sq.ft. space available.

Cotenants include Meat Farms, Retro Fitness and Bethpage Federal Credit Union.

For details, contact Charles Hirsch, Tom LiPuma and Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240; Emails: chirsch@milbrookproperties.com, tjlipuma@milbrookproperties.com and rpikus@milbrookproperties.com; Web site: www.milbrookproperties.com.

New York Baldwin – Baldwin Square has spaces available from 800 sq.ft. to 4,200 sq.ft. Best Buy and Applebee’s anchor the center. Bayshore – Bay Shore Commons has spaces available from 1,450 sq.ft. to 13,000 sq.ft. Stop & Shop, Rent-A-Center and Blockbuster Video anchor the center. Bethpage – Bethpage Commons has spaces available from 3,025 sq.ft. to 9,000 sq.ft. Cotenants include Autobarn and Dunkin’ Donuts. Bohemia – Bohemia Commons has an 800 sq.ft. space available.

Cotenants include IGA, Lucille Roberts and CVS. East Farmingdale – Bi-County

Commack – Commack Shopping Center, a 345,000 sq.ft. center located at the intersection of Veterans Memorial Highway and Commack Road, has spaces available from 1,550 sq.ft. to 5,160 sq.ft. Macy’s anchors the center and cotenants include Michaels, Petco, Jewelry Exchange, Harmon Face Values, Jenny Craig, Joyce Leslie, Zanra, Floris Spa and Blockbuster Video.

Levittown – Crescent Plaza|Nassau Mall, two centers totaling 566,781 sq.ft. located at the intersection of Hempstead Turnpike and Hamlet Road, have spaces available from 1,250 sq.ft. to 40,942 sq.ft. Kohl’s, Loew’s Theatres, Michaels, Best Buy and BJ’s Wholesale Club anchor the centers.

Cotenants include Party City, PetSmart, dressbarn, GameStop, GNC, Cold Stone (continued on page one hundred)

Prime Retail Leasing Opportunities!

Cudahy, Wisconsin:

Long Island, NY

caPtRee sHOPPiNG ceNteR

WHERE BUSINESS HAS IT MADE

UNION BLVD. & HIGBY LANE WEST ISLIP, N.Y. 11795 IN-LINE

...and where intersections come together. In Cudahy,

1,589 SF (FORMERLY CURVES)

an intersection isn’t simply where two roads meet. It’s a retail traffic building opportunity, fueled by fresh new ideas and creative co-op ventures in a local economy where space-age innovation is an everyday event. If your business needs to blast off or put down roots, you should be talking to Cudahy.

2,040 SF (FORMERLY TACO BELL/ FULLY EqUIppEd KITChEN) 5,700 SF ENd CAp (CURRENTLY BLOCKBUSTER)

Join aNcHORs...

For leasing information, contact: Bob Huhem 516-466-3100

Call the Director of Economic Development: 414.769.2215 or visit cudahy4business.com page 98

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Dealmakers

Majestic

Property Affiliates, Inc.

60 Cutter Mill Road Great Neck, NY 11021 Fax: 516-466-3132 Email: needspace@majprop.com

www.dealmakers.net

4/15/2010 3:24:27 PM

Stores For Lease Lynn Plaza In the Heart of the New Downtown 100,000 sq. ft. • Rt. 83 & Dundee Road Jimenez Foods H & R Block Baskin Robbins

Radio Shack Payless Shoes

join

80,000 Cars

Wheeling, Illinois

Space Available: 1,935 sq. ft.

3,000 sq. ft.

5,500 sq. ft.

8,750 sq. ft. restaurant

5 Mile Demographics: $65,000 - Average Household Income 280,000 - Population

CaLL WIth SIze RequIRementS

Market Place Shopping Center Great Location • Great Visibility • Abundant Parking • Easy Access 1166-1276 Main St. • 40 Miles South of Chicago Jewel/Osco Blockbuster H&R Block

Crown Point, Indiana

Quiznos Centier Bank

join

5 Mile Demographics: $71,000 - Average Household Income 65,000 - Population

Space Available: Retail: 970 sq. ft.

2,100 sq. ft.

2,344 sq. ft. restaurant 6,859 sq. ft. office: 1,750 sq. ft.

6700 North Lincoln/Crawford 100 foot frontage on Lincoln • 26,000 Sq. Ft. building Adjacent 24,000 sq. ft. site may be available 5 Mile Demographics: $68,275 - Average Household Income 902,428 - Population

Lincolnwood, Illinois

Space Available: 11,714 sq. ft. (may divide)

7 Mile Demographics: $75,597 - Average Household Income 1,496,661 - Population

Hallmark & Johnson Property Management. Ltd. 6160 N. Cicero, Suite 620 • Chicago, IL 60646

(773) 545-6160 • E-Mail: mikek@hallmarkjohnson.com is10-10-08_hallmark_fullpage.indd 052810_CS3.indd 99 1

* Not affiliated with Hallmark & Johnson Properties

Michael A. Kolodny, CPM

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Creamery, T.G.I. Friday’s, Gap, Old Navy, Hunter and All Stars Gymnastics.

For details, contact Randy Briskin, The Feil Organization, Seven Penn Plaza, New York, NY 10001; 212-563-6557 Ext. 218; Email: rbriskin@feilorg.com; Web site: www.feilorg.com.

East Meadow – East Meadow Commons, a 60,000 sq.ft. strip center located on Hempstead Turnpike, has spaces available of 2,500 sq.ft.; 5,700 sq.ft. and 14,300 sq.ft.

Joyce Leslie anchors the center and cotenants include Texas Roadhouse, Sherwin-Williams and FedEx Office. Area demographics include a population of 491,000 within five miles earning $97,000 as the average household income. The average daily traffic count is 44,000 vehicles.

For details, contact Kevin Nassimi, Nassimi Realty, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212-643-8080, Fax 212643-2626; Email: kevin@nassimirealty.com; Web site: www.nassimirealty.com.

New York – Columbus Square has spaces available from 1,554 sq.ft. to 24,430 sq.ft.

Also, a 1,257 sq.ft. ground-floor space located on East 10th Street between University Place and Broadway is available. Also, a divisible

New York

New York

1,230 sq.ft. ground-floor space with a 1,019 sq.ft. basement located on East 11th Street between University Place and Broadway is available. Area retail includes Bowlmor Lanes/Carnival, Regal Cinemas, Polo Rugby Store, Village Cinema, Patsy’s, Cordozo, Saigon Grill and D’Agostino’s. Area draws include NYU. Also, a 1,000 sq.ft. groundfloor space with a 400 sq.ft. basement located on Madison Avenue between 78th Street and 79th Street is available. Area retail includes Chase Bank, J. Crew, Eileen Fisher, Michelle Negri, Missoni, Vera Wang, Edith Weber, Kenneth Rendell, Ralph Lauren, St. James Paris and Lilly Pulitzer. Also, Puck Building has a divisible space of 50,245 sq.ft. available. Also, a building located on Wall Street has space available totaling 200,000 sq.ft. Also, divisible spaces of 17,600 sq.ft. and 22,000 sq.ft. located along Fifth Avenue are available. Also, a building located on Third Avenue has a divisible space of 34,000 sq.ft. available.

For details, contact Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2600, Fax 212792-2660; Web site: www.winick.com. For details regarding the East 10th Street and East 11th Street properties, contact Steven E. Baker or Zach Fox, 212-792-2636/2639, Emails: stevenb@winick.com and zfox@winick.com.

For details regarding the Madison Avenue property, contact, Bob Weber or David Harary; 212-792-2614/2611; Emails: bweber@winick.com and dharary@winick.com.

New York – A 3,000 sq.ft. ground-floor space with a 3,000 sq.ft. basement space located at the intersection of Columbus Avenue and West 86th Street is available. Area retail includes TD Bank and RadioShack.

For details, contact Jason Turner, Zelnik & Co., LLC, 424 Madison Avenue, New York, NY 10017; 212-223-2200, Fax 212-2230004; Email: jason@zelnikco.com; Web site: www.zelnikco.com.

West Islip – Captree Shopping Center, located at the intersection of Union Boulevard and Higby Lane, has a 1,589 sq.ft. space available along with a 2,040 sq.ft. former Taco Bell with a fully-equipped kitchen and a 5,700 sq.ft. endcap. King Kullen, Capital One Bank, Ace Hardware, Dunkin’ Donuts, Astoria Federal Savings Bank, Rite Aid and U.S. Postal Service anchor the center.

For details, contact Bob Huhem, Majestic Property Affiliates, Inc., 60 Cutter Mill Road, Great Neck, NY 11021; 516-466-3100, Fax 516-466-3132; Email: needspace@majprop.com. (continued on page one hundred two)

Plano, Illinois City of Opportunity Conveniently located to Chicago.

Strategically located on the major highway between Interstates 80, 88, & 55 with access to 40,000 consumers.

Kendall County named the nation's fastest growing county.

For More Information Arthur Sheridan 630-552-8275 x15 asheri9150@aol.com www.cityofplanoil.com page 100

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VISIT US AT BOOTH # C182 G STREET

Now Seeking Temporary Stores Na tionwide Toys”R”Us is currently seeking retail locations nationwide that are 3,000 square feet or larger and with a minimum of 25’- 0” of frontage. One of the world’s most iconic brands, Toys”R”Us is a favorite destination for kids and families. Where Toys”R”Us goes, increased foot traffic follows.

If you have a location that you would like to be considered for the program in Metro New York (excluding Brooklyn, Queens & Long Island), New Jersey & Connecticut, please submit to Exclusive Master Broker, Welco Realty, Inc., Stephan Miller, at stephan@welcorealty.com or call (914) 576-7500 or see below for our affiliated XTeam / Co-Brokers’ territories: Washington, DC metro area & Baltimore Green Light Retail Real Estate, LLC Rogert Gerst (301) 538-8270 rgerst@greenlightretail.com

Pennsylvania & Southern NJ Michael Salove Company Jason B. Bock (215) 568-2600 x 21 jbock@salove.com

Manhattan The Lansco Corporation Robin Abrams (212) 644-2222 x 6849 rabrams@lansco.com Joseph Leinsdorf (212) 644-2222 x 6907 jleinsdorf@lansco.com

Upstate NY & Massachussetts Strategic Retail Advisors Peter Belsito (508) 405-1918 x 111 pbelsito@sraretail.com Jonathan Lapat (508) 405-1918 x 112 jlapat@sraretail.com

2525 Palmer Avenue New Rochelle, New York 10801 914.576.7500 / fax: 7596 WWW.WELCOREALTY.COM

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Advance – Kinderton Place has spaces available of 1,325 sq.ft. and 1,773 sq.ft.

Chapel Hill – Timberlyne has spaces available from 1,201 sq.ft. to 10,522 sq.ft.

Charlotte – Archdale Marketplace has spaces available from 2,410 sq.ft. to 3,971 sq.ft. Also, Royal Plaza has spaces available from 558 sq.ft. to 3,728 sq.ft. Durham – Parkway Plaza has spaces available from 1,393 sq.ft. to 3,041 sq.ft. Also, The Village has spaces available from 2,531 sq.ft. to 11,488 sq.ft. Forest City – Hillside Plaza has spaces available from 3,016 sq.ft. to 24,962 sq.ft. Hendersonville – Highlands Square has spaces available from 2,508 sq.ft. to 8,502 sq.ft.

For details, contact Nicholas SchumanWerb or Beverly Keith, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Emails: nschuman@rivercrestrealty.com and bkeith@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Roanoke Rapids – Roanoke Rapids Crossing, located at the intersection of 10th Street and Park Avenue, has a 10,500 sq.ft. space available along with a divisible anchor space of 54,000 sq.ft. Cotenants include

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North Carolina

Oregon

CVS, Rent-A-Center, Bob’s One Hour Photo and First Impressions Hair Salon. Area demographics include a population of 20,412 within three miles earning $44,488 as the average household income. The average daily traffic count is 17,000 vehicles.

For details, contact Redd Realty Services, 4200 Northside Parkway, Building 10, Suite 101, Atlanta, GA 30327; 404-8410123, Fax 404-841-0127; Web site: www.reddrealty.com.

Salem – Kmart Shopping Center, a 116,866 sq.ft. center located along Mission Street Southeast, has space available.

For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-2656600 Ext. 239, Fax 212-265-8250; Email: tmirandi@rdmanagement.com; Web site: www.rdmanagement.com.

Ohio

Allentown – Dorneyville Shopping Center, located on Hamilton Boulevard, has space available. Cotenants include Bounce-U, CitiFinancial, Subway and Benjamin Moore Paints. Area draws include Dorney Park Wildwater Kingdom. Area demographics include a population of 414,574 within 10 miles earning $66,805 as the average household income.

For details, contact ROI Management, 355 Madison Avenue, Morristown, NJ 07960; 973-538-9700 Ext. 203, Fax 973-538-9701; Email: sales@roi-management.com; Web site: www.roi-management.com.

Highland Heights – A 246,146 sq.ft. center has space available. Home Depot, Dick’s Sporting Goods and Kohl’s anchor the center. Area demographics include a population of 146,121 within five miles earning $75,663 as the average household income. Toledo – A 385,000 sq.ft. center has space available. Target, Kroger, Dick’s Sporting Goods and T.J. Maxx anchor the center. Area demographics include a population of 205,712 within five miles earning $55,017 as the average household income.

For details, contact Hal Fry, Hauck Holdings, Ltd., 4334 Glendale Milford Road, Cincinnati, OH 45242; 800-536-3300; Email: hsf@hauckco.com.

Dealmakers

Pennsylvania

Harrisburg – Oakhurst Plaza, a 111,869 sq.ft. strip center situated on eight acres at the intersection of Oakhurst Boulevard and (continued on page one hundred four)

www.dealmakers.net

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(continued from page one hundred two)

Linglestown Road, has spaces available of 2,000 sq.ft.; 6,800 sq.ft. and 62,323 sq.ft.

CVS and Fulton Bank anchor the center.

Cotenants include Isaac’s Deli, Christopher’s Pizza, Freckled Frog and Oakhurst Beverage.

Area retail includes Giant and Blue Mountain Commons. Area demographics include a population of 284,600 within 10 miles earning $70,300 as the average household income. The average daily traffic count is 23,000 vehicles. The asking rent is $25 psf with CAM of $3 psf and taxes of $3 psf.

For details, contact Victoria Giambrone, Cedar Shopping Centers, Inc., 44 South Bayles Avenue, Suite 304, Port Washington, NY 11050; 516-767-6492, Fax 516-767-6497; Email: info@cedarshoppingcenters.com; Web site: www.cedarshoppingcenters.com.

Horsham – The Village Mall, a 258,000 sq.ft. center located on Blair Mill Road, has spaces available from 22,000 sq.ft. to 128,000 sq.ft.

Acme anchors the center and cotenants include Dollar Tree, Rite Aid, Burger King and Wachovia Bank. Area retail includes Walmart, Bed Bath & Beyond, Giant, Kohl’s, PetSmart, Michaels, Modell’s, Raymour & Flanigan, Macy’s, Bloomingdale’s, Panera Bread, dressbarn, Five Below, Home Depot, Dick’s Sporting Goods, AT&T Mobility, Staples, Bonefish Grill, Bally

Pennsylvania

Rhode Island

Total Fitness, Best Buy and Olive Garden. Area demographics include a population of 176,788 within five miles earning $90,571 as the average household income. The average daily traffic count is 13,000 vehicles.

For details, contact Jeff Kintzer, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403 Ext. 103, Fax 914-237-0196; Email: jeff@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com.

Or Dan Zelson, Charter Realty & Development; 203227-2922; Email: dan@chartweb.com.

building located on Lambert Lind Highway is available. The asking rent is $10.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

Shrewsbury – Stonebridge Plaza has spaces available from 1,200 sq.ft. to 16,600 sq.ft.

Cotenants include Home Depot, Ruby Tuesday, Gold’s Gym and Cracker Barrel.

York – York Crossing has spaces available from 1,300 sq.ft. to 6,500 sq.ft. Cotenants include Target, BJ’s Wholesale Club, Logan’s, McDonald’s, Metro Bank, Quiznos and Great Clips.

For details, contact Ryan Myers, Larry O’Brien or Benjamin Chiaro, Rock Commercial Real Estate; 717-854-5357; Web site: www.rockrealestate.net.

Rhode Island Warwick – A 4,800 sq.ft. freestanding

South Carolina Boiling Springs – Boiling Springs Center has spaces of 2,006 sq.ft. and 3,009 sq.ft. available. Columbia – Northpointe Commons has spaces of 1,995 sq.ft. and 13,482 sq.ft. available. Gaffney – Piedmont Plaza has spaces available from 1,502 sq.ft. to 3,213 sq.ft. Greenville – Haywood Plaza has spaces available from 1,020 sq.ft. to 5,492 sq.ft. Also, Shoppes at Woodruff has spaces available from 1,482 sq.ft. to 4,030 sq.ft. Also, White Horse Commons has a 4,007 sq.ft. space available.

For details, contact Debbie Lewis or Beverly Keith, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, (continued on page one hundred six)

dorneyville sHoPPing center

space for lease 2,000–13,000 SF available MaJOR ReNOvaTiON JUST COMPleTeD PRiMe ReTail SPaCe iMMeDiaTelY available Princeton’s classic 228,000 SF, 1955-vintage, open-air shopping mall — featuring 55 stores, restaurants and services with 1,300 parking spaces surrounding 2 acres of a beautifully landscaped courtyard.

Hamilton Boulevard, Allentown, PA Tenants include Bounce-U, Citi Financial, Subway, Benjamin Moore Paints

DeMOGRaPHiCS (5–Mile Radius)

Population of 414,574 and Avg. HH Inc of $66,805 within 10-mile radius

Average Household Income: $148,008

Access to the newly constructed bypass on State Highway 222 MAjor T SUPerMArke Ing M Co n AI CH Soon!

Median Household Income: $114,587

Located next to

CURReNT TeNaNTS Great Clips

Quiznos

PNC Bank

Dunkin’ Donuts Edward D. Jones

The UPS Store Radio Shack

355 Madison Avenue, Morristown, NJ 07960 (973) 538-9700 x203 - Office | (973) 538-9701 - Fax | 973-945-3848 - Cell sales@roi-management.com | www.roi-management.com page 104

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May 28, 2010

The

Dealmakers

aNCHORS

Population: 78,592

Hallmark and more…

Chris Hanington 609-921-6234 chaningtonprinceton.shoppingcenter@verizon.net www.princetonshoppingcenter.com

www.dealmakers.net

4/15/2010 3:24:39 PM

SatiSfied ClientS

OuR SeRviCeS inClude Preconstruction services Construction • General contracting • Drywall • Finish carpentry

• Store-fixturing and fit-out • Cooler box installation • Refrigeration equipment installation • Décor

dGC CaPital COntRaCtinG is a full- service general contracting and carpentry company and has been servicing the retail industry for over 20 years. We manage projects of all sizes, from large out of the ground construction projects to open store remodels and renovations for all types of retailers.

506 South 9th Avenue • Mount Vernon, NY 10550 Phone: 914-664-7244 • Fax: 914-664-7247 www.dgccapital.com

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(continued from page one hundred four)

NC 27615; 919-518-2000, Fax 919-4240001; Emails: dlewis@rivercrestrealty.com and bkeith@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

Texas Longview – A center located at the intersection of Gilmer Road and West Loop 281 has spaces available from 1,000 sq.ft. to 53,000 sq.ft. along with pad sites from one acre to 4.5 acres. Area retail includes AutoZone, Big Lots, Blockbuster Video, Catfish Village, Chick-fil-A, Church’s Chicken, CVS, Dollar General, Dollar Tree, GameStop, Mazzio’s, McDonald’s, Moe’s Southwest Grill, O’Reilly’s, Pizza Hut, Popeye’s, Quiznos, RadioShack, Ross Dress for Less, Sonic Drive-In, Subway, Taco Bell, Walgreens, Walmart Supercenter, Wendy’s and Whataburger.

Area demographics include a population of 88,062 within a 15-minute drive-time earning $54,116 as the average household income. The average daily traffic count is 52,964 vehicles.

For details, contact Susan Mazarakes, Longview Economic Development Corp.; 903-753-7878 or 800-952-2613, Fax 903753-3646; Web site: www.longviewusa.com.

Virginia

West Virginia

Longview – A 7,000 sq.ft. freestanding building located on Washington Way is available. The asking rent is $12 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200 Ext. 112/117/118/123, Fax 561-955-9921; Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

Norfolk – 201 Twenty One, located along 21st Street, has space available. Williamsburg – High Street Williamsburg has space available.

For details, contact The Katsias Co., 512 South Lynnhaven Road, Suite 101, Virginia Beach, VA 23452; 757-490-3585, Fax 757490-3676; Email: info@katsias.com; Web site: www.katsias.com.

West Virginia Martinsburg – A 23,744 sq.ft. freestanding building located on North Queen Street is available. The asking rent is $3.50 psf.

For details, contact Len Weiselberg, Robert Crum, Matthew Makler or Gary Shapiro, Kin Properties, 185 Northwest

Income

York Crossing, York, PA

9,328

$46,116

North State: 17,000 ADT

3 miles

68,861

$54,628

Meadowbrook: 13,700 ADT

Roanoke Rapids Crossing — Roanoke Rapids, NC There is a 10,500 SF and 54,000 SF anchor space available that can sub-divided. The site is located at 10th Street and Park Avenue. Tenants include CVS, Rent A Center, Bob’s One Hour Photo and First Impressions Hair Salon.

Population

Income

Traffic 10th Ave: 17,000 ADT

1 mile

7,453

$48,006

3 miles

20,412

$44,488

For Leasing Information, Please Call TEL: 404-841-0123 FAX: 404-841-0127 page 106

052810_CS3.indd 106

May 28, 2010

Lease 1,300 to 6,500 SF Join Target, BJ’s, Logan’s, McDonald’s, Metro Bank, Quizno’s and Great Clips

Traffic

1 mile

Eau Claire – Oak Pointe Plaza, located on Commonwealth Avenue, has spaces available from 1,200 sq.ft. to 36,000 sq.ft. Borders, Best Buy, T.J. Maxx and OfficeMax anchor the center. Area retail includes Oakwood Regional Mall. Trade-area demographics include a population of 255,754 earning $56,297 as the average household income.

The asking rent ranges from $10 psf to $15 psf NNN. For details, contact Pam White, Mid States Development, Inc.; 715 723-2223 Ext. 14; Email: pwhite@midstatesdevelopment.com; Web site: www.midstatesdevelopment.com. DM

Opening July 2011 Join Target, Olive Garden and more!

500,000 SF with multiple pad sites

Meadowbrook Crossing — Jackson, MS The center has vacancies of 67,000 SF and 4,400 SF that are available for immediate occupancy. Tenants include Simply Fashions, Advance America, Payless Shoes, and Genesis Variety.

Population

Wisconsin

Gateway Hanover, Hanover, PA

REDD REALTY SERVICES

Princeton – East River Plaza has spaces available of 4,522 sq.ft. and 30,363 sq.ft.

For details, contact Beverly Keith, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: bkeith@rivercrestrealty.com; Web site: www.rivercrestrealty.com.

The

Dealmakers

Stonebridge Plaza, Shrewsbury, PA Lease 1,200 to 16,600 SF Join Home Depot, Ruby Tuesdays, Gold’s Gym, Cracker Barrel & TSC

Ryan A. Myers, CCIM Larry O’Brien, CCIM Benjamin M. Chiaro, 717-854-5357

CCIM

www.dealmakers.net

4/15/2010 3:24:44 PM

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052810_CS3.indd 107

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4/15/2010 3:24:49 PM

Most Valuable Players 10 Spot.................................................................................... Pg. 52 7-Eleven.................................................................................. Pg. 31 Acadia Realty Trust.................................................................. Pg. 95 AEI Capital Corp...................................................................... Pg. 60 Alba Consulting Corp............................................................ Pg. 102 AmCap, Inc............................................................................. Pg. 59 ARC Property Trust.................................................................... Pg. 7 Arco.......................................................................................... Pg. 5 AutoZone................................................................................ Pg. 46 Bastrop Economic Development Corp..................................... Pg. 94 Bob Bassel Realties, Inc........................................................... Pg. 38 Breslin Realty.......................................................................... Pg. 33 Carnival Booking, Inc.............................................................. Pg. 93 Cedar Shopping Centers, Inc................................................... Pg. 35 City of Cudahy, Wisconsin...................................................... Pg. 98 City of Plano, Illinois............................................................. Pg. 100 Cullinan Properties, Ltd........................................................... Pg. 70 Dealmakers, The..............................................................Pgs. 85, 88 DGC Capital Contracting Corp.............................................. Pg. 105 Dietz Partnership, The............................................................. Pg. 44 Directory of Major Malls........................................................ Pg. 109 DJM Realty.............................................................................. Pg. 71

DLC Management Corp...................................................Front Cover Dots........................................................................................ Pg. 17 dressbarn, Inc....................................................................Pgs. 36-37 Edgewood Properties.........................................................Pgs. 42-43 Equity One................................................................................ Pg. 9 Ethan Shapiro & Associates, LLC.............................................. Pg. 92 Excess Space Retail Services, Inc. ........................................... Pg. 13 Feil Organization, The................................................ Pg. 56-57, 112 Festival Companies, The............................................................ Pg. 3 Goddard School, The.............................................................. Pg. 67 Hallmark & Johnson Property Management, Ltd............... Pgs. 80, 99 Hauck Holdings, Ltd. . .......................................................... Pg. 103 INVE$TNet, Inc....................................................................... Pg. 82 Julius M. Feinblum Real Estate, Inc.......................................... Pg. 97 Justice................................................................................. Pg. 36-37 Karpoff Affiliates, LLC.............................................................. Pg. 29 Katsias Company, The....................................................... Pg. 66, 96 Kay Realty Services, LLC.......................................................... Pg. 40 Kin Properties.................................................................Pgs. 77, 111 Landmark Commercial Real Estate........................................... Pg. 94 Learning Experience, The........................................................ Pg. 47 LMS Commercial Real Estate................................................... Pg. 53

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May 28, 2010

For more Energy Saving information visit us at RECon Booth S2745 on the corner of 27th Ave and R Street The

Dealmakers

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4/15/2010 3:24:50 PM

Take a peek at the NEW shoppingcenters.com Launching June 2010 ReCon 2010 Booth #S-4019

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Most Valuable Players Longview Econominc Development Corp................................ Pg. 65 M.J. Neiditz & Co., Inc............................................................ Pg. 81 Majestic Property Affiliates, Inc. ............................................. Pg. 98 Mall Properties, Inc................................................................. Pg. 41 Margate Community Redevelopment Agency.......................... Pg. 82 Mason Asset Management....................................................... Pg. 34 Maurices............................................................................ Pg. 36-37 McCollom Realty, Ltd............................................................ Pg. 100 Mehlich Associates................................................................ Pg. 102 Meislik & Meislik Retail Real Estate Law.................................. Pg. 90 Milbrook Properties, Ltd.......................................................... Pg. 49 NAI Daus................................................................................ Pg. 30 Nassimi Realty, LLC................................................................. Pg. 51 New England Retail Properties, Inc.......................................... Pg. 28 Nielsen Company, The............................................................ Pg. 32 Paster Enterprises, Inc.............................................................. Pg. 39 Princeton Shopping Center.................................................... Pg. 104 Pyramid Brokerage Co............................................................. Pg. 48 Rancho Cucamonga Redevelopment Agency........................... Pg. 79 RCS Real Estate Advisors......................................................... Pg. 25 RD Management, LLC........................................................ Pg. 61-64 Real Estate Southeast, LLC....................................................... Pg. 50 Redd Realty Services............................................................. Pg. 106

Rivercrest Realty Investors....................................................... Pg. 55 Rock Commercial Real Estate...................................................... 106 ROI Management.................................................................. Pg. 104 Royal Properties, Inc. . ............................................................ Pg. 45 Sackar Co., The....................................................................... Pg. 89 Seldin Co. .............................................................................. Pg. 91 Silbert Realty & Management Co., Inc..................................... Pg. 84 Spirit Halloween...................................................................... Pg. 27 Stuart Makler & Associates, Inc................................................ Pg. 72 Sunoco.................................................................................... Pg. 68 TenantSearch......................................................................... Pg. 107 TKO Real Estate Advisory Group, Inc. .................................... Pg. 78 T-Mobile.................................................................................. Pg. 23 Tulepan Management, LLC...................................................... Pg. 83 Urstadt Biddle Properties, Inc.................................................. Pg. 54 Vanick Properties, Inc. . .......................................................... Pg. 58 Weingarten Realty................................................................... Pg. 15 Weiss Realty Co, Inc. . ............................................................ Pg. 69 Welco Realty, Inc....................................................... Pg. 20-21, 101 Winick Realty Group, LLC......................................................... Pg. 2 Witherell Real Estate................................................................ Pg. 96 WLS Lighting Systems............................................................ Pg. 108 Zelnik & Co., LLC.................................................................... Pg. 19

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What you’ve missed in the last 47 issues

• 2,300,000 locations of retailers with plans to open 150,000 sites • $27 billion to be bought, sold and financed • Leasing activity on over 600 million sq.ft. of retail poperty

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Expedite your order by faxing the completed form to 609-587-3511 P.O. Box 2630 | Mercerville, NJ 08690 | 800-732-5856 or 609-587-6200 | Fax 609-587-3511 | www.dealmakers.net page 110

052810_CS3.indd 110

May 28, 2010

The

Dealmakers

www.dealmakers.net

4/15/2010 3:24:51 PM

KIN FREESTANDING LOCATIONS Owners of FOR LEASE + 850 Buildings 30,000,000 State City

All Shapes Retail, Industrial, Office

All Sizes

3,000 - 1,000,000+ sqft

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052810_CS3.indd 111

AR AR AZ AZ CA CA CO CT FL FL FL FL FL FL FL GA ID IL IL IL IN IN KS MA MD MI MI MI MI MI MI MI MI MI MN MN MO NE NJ NY OH OH PA PA PA RI TN TN TN TN TX TX TX TX TX VA VA WA WI WI WI WI WI WI WV

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Address

412 N. Washington St. 5805 Hwy 271 1307 W. Camelback Road 4025 Oracle Road 8613 Firestone Blvd 2949 Brea Blvd 1000 W 104 Ave 779 Wolcott Road 5243 Normandy Blvd 515 E. Memorial Blvd 7201 US Highway 19 North 201 Bougainvillea Drive 201 Bougainvillea Drive 4502 W. Kennedy Blvd 1430 E. Fowler Ave 3933 Bloomfield Road 1031 Nampa Caldwell Blvd 7031 N. Lincoln Ave 2045 S. Lake Street 12777 S. Harlem Ave 3202 S. East Street 52120 US Highway 31 North 1925 West 10th Street 64 Worchester Road 14955 Baltimore Road 2905 Union Lake Road 4463 Miller Road 6636 S. Cedar Street 34800 Plymouth Road 1490 E. Apple Ave 3811 North 24th Ave 43169 Van Dyke 3914 Rochester Road West Road and I-75 1639 West Larpenteur Ave 8355 University Ave NE 108 N. Range Line Road 6105 O Street 11 Nelson Street 1956 Ridge Road 2032 West 4th Street 1105 Upper Valey Pike Road 3006 Pleasant Valley Blvd 2664 Route 13 375 York Road 150 Lambert Lind Hwy 5109 Brainerd Road 7205 Chapman Highway 4139 Winchester Road 2901 Sidco Dr. 4135 N. First Street 3852 Buffalo Gap Road 4215 SW 45th Street 512 Harwood Road 2506 Belt Line Road 10937 Lee Hwy 3112 Old Forest Rd S 842 Washington Way 800 Park Ave 7817 West Brown Deer 4028 75th Street 3501 Calumet Ave 15485 Appleton Av 431 W. Sunset Drive 1212 North Queen Street

SQ.FT. Asking Rent Sale price

12,730 35,200 8,400 1,400 36,816 1,785 56,040 4,980 3,000 8,000 1,920 2,400 26,260 1,711 6,500 4,800 12,000 8,000 4,860 5,400 8,000 4,800 19,265 4,400 3,600 125,490 4,795 4,000 7,000 6,866 8,400 1,700 6,000 22 acres 8,400 6,564 4,800 8,400 9,311 5,566 4,800 4,000 3,249 7,020 2,304 4,800 1,548 5,400 4,550 66,960 4,860 15,337 3 acres 29,100 16,467 7,029 8,457 7,000 3,096 8,400 7,200 3,096 5,400 2,383 23,744

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4/15/2010 3:24:51 PM

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