Home-Related Chains Expand Nationwide (continued from page one)
English Butler operates 25 locations throughout Canada. The home furnishings stores, offering framed prints, accent lamps, crystal, dinnerware linens, stationery, afghans and collectibles, occupy spaces of 2,200 sq.ft. to 4,500 sq.ft. in malls and power centers. Growth opportunities are sought throughout eastern Canada during the coming 18 months, with representation by Retail Strategy Group, Inc. Preferred cotenants include department stores. The company is franchising. For more information, contact Nick Assad, Retail Strategy Group, Inc., 88 Whitehall Road, Toronto, Ontario, Canada M4W 2C7; 416-966-9802, Fax 416-619-5431; Email: nassad@retailstrategygroup.com; Web site: www.retailstrategygroup.com. Wolf Furniture Enterprises, Inc. trades as Wolf Furniture and Wolf’s Clearance Center at 10 locations throughout MD and PA. The home furnishings stores occupy spaces of 40,000 sq.ft. to 65,000 sq.ft. in freestanding locations and power centers. Limited growth opportunities are sought throughout MD, PA and northern VA during the coming 18 months. Typical
leases run 20 to 25 years. A vanilla shell and specific improvements are required. Preferred cotenants include Home Depot, Target and Lowe’s Home Improvement. A land area of four to six acres is required for freestanding locations. For more information, contact Wolf Furniture Enterprises, Inc., 1620 North Tuckahoe Street, Bellwood, PA 16617; 814742-4380, Fax 814-742-4389; Web site: www.wolffurniture.com. Hudson’s Bay Co. trades as Home Outfitters at 62 locations throughout Canada. The stores, offering kitchen, bed and bath products, occupy spaces of various sizes in power centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Bruce Moore, Hudson’s Bay Co., 401 Bay Street, Suite 600, Toronto, Ontario, Canada M5H 2Y4; 416-861-4521, Fax 416-861-6870. Ace Hardware operates 4,400 locations nationwide and internationally. The stores, offering hardware, tools, housewares and home improvement, houseware, plumbing and electrical items, as well as lawn and
garden supplies, occupy spaces of 8,000 sq.ft. to 20,000 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout Dutchess, Orange, Putnam, Rockland, Sullivan, Ulster and Westchester counties in NY during the coming 18 months, with representation by Royal Properties, Inc. The company is also seeking sites of 12,000 sq.ft. to 15,000 sq.ft. in freestanding locations and inline spaces and endcaps of shopping centers throughout northern CA during the coming 18 months, with representation by Metrovation Brokerage. Preferred cotenants include grocery stores. For more information regarding expansion in NY, contact Scott Meshil, Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403; Fax 914-237-0196; Email: scott@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. For more information regarding expansion throughout northern CA, contact Christine Firstenberg or Kurt Grundman, Metrovation Brokerage, 580 2nd Street, Suite 260, Oakland, CA 94607; 510-839-4000, Fax 510-465-4472; Email: kurt@metrovation.com; Web site: www.metrovationbrokerage.com. DM
Real Estate Professionals Making the News Robert K. Futterman & Associates (212-5993700) opened an office in Miami, FL. The office is the company’s sixth location in the U.S. The company also hired Drew Schaul as a vice president to oversee the Miami office. Prior to joining the company, he served as a senior associate and retail broker at CB Richard Ellis, specializing in the southern FL region. The company is an independent real estate firm specializing in retail leasing, investment sales and consulting services. Colliers International (206-223-0866) hired Mark Keschl as national director of retail. He will operate out of Boca Raton, FL and will be responsible for leading new client pursuits, overseeing the retail group’s practices and recruiting new members to the team. Prior to joining the company, Keschl served as a principal with Millennium Retail Properties, as well as a principal at Trammell Crow Co. The company offers corporate solutions, brokerage, property and asset management, valuation, consulting and appraisal services, as well as mortgage banking and research, out of more than 480 offices nationwide and internationally.
NAI Global (212-405-2466) hired Jay Olshonsky as executive vice president and chief operating officer out of the company’s New York, NY office. He had previously served as chief operating officer at NAI Friedland Realty, the company’s Westchester County, NY affiliate. Prior to joining the company, he served at CB Richard Ellis as managing director of the company’s Washington, DC brokerage operations. The company, based in Princeton, NJ, offers corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and advisory services out of 350 offices nationwide and internationally. Grubb & Ellis Co. (714-975-2230) hired Patric Davis as vice president of the company’s retail group. She specializes in retail leasing for tenants and landlords, as well as shopping center sales. Prior to joining the company, Davis served as a principal at Lee & Associates. The company is a commercial real estate services and investment firm with more than 100 company-owned and affiliate offices worldwide. www.dealmakers.net
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Fameco Management Services (610834-8000), a subsidiary of Fameco Real Estate, hired Karen Cahill as a property manager. She will oversee a portfolio of retail space throughout the Philadelphia, PA metropolitan area totaling one million sq.ft. Prior to joining the company, Cahill served as eastern region asset manager for Acme Markets at Supervalu, Inc. The company specializes in retailer and owner representation and investment sales throughout DE, NJ and PA. Sutton Real Estate Co. (315-424-1111) hired Larry J. Socia as retail director. He specializes in tenant and owner representation, site selection, market analysis, disposition and sales and leasing brokerage services. The company, based in Syracuse, NY, offers property management and brokerage services throughout central NY. illi Commercial Real Estate (818-5012212) hired Merv Einbund as director of investments. Prior to joining the company, he served at Westcord Realty, Marcus & D Millichap and EJM Development Co. M
Dealmakers
June 3, 2011
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