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

Volume XXV No. XXII

June 11, 2010

Home-Related Chains Expand Nationwide Kwal-Howells, Inc. trades as Kwal-Howells Paint & Wallcoverings at 96 locations throughout AL, AR, CO, ID, KS, MO, NE, NM, OK, TX, UT and WY. The home improvement centers occupy spaces of 3,500 sq.ft. in freestanding locations and strip centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run three years. A vanilla shell is required. Preferred demographics include a population of 100,000 within five miles. Major competitors include Sherwin-Williams and Home Depot. The company is site-selective. For more information, contact Jim Gamberg, Kwal-Howells, Inc., 3900 Joliet Street, Denver, CO 80239; 303-371-5600, Fax 303-373-5688; Web site: www.kwalhowells.com. Ace Hardware operates 4,600 locations nationwide. The stores, offering lawn and garden products, paint supplies, outdoor living items, tools, hardware, plumbing and electrical items, as well as heating and cooling and automotive supplies, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in community and neighborhood shopping centers. Growth opportunities are sought throughout DE, NJ and eastern PA during the coming 18 months, with representation by Legend Properties, Inc. For more information, contact David DePetris, Legend Properties, Inc., 1001 East Hector Street, Suite 120, Conshohocken, PA 19428; 610-9414034 Ext. 5010, Fax 610-941-4038; Web site: www.acehardware.com.

Blinds To Go, Inc. trades as Blinds To Go at 100 locations throughout CT, DE, FL, MA, MD, MI, NJ, NY, PA, VA and as Le Marche Du Store at locations throughout Ontario and Quebec, Canada. The stores, offering custom-made blind blinds and shades, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Boston, MA during the coming 18 months. Typical leases run 10 years with three, five-year options. A turnkey is preferred. Preferred cotenants include Home Depot and Lowe’s Home Improvement. For more information, contact Yves Pardo, Blinds To Go, Inc., 3510 St. Joseph Boulevard East, Montreal, Quebec, Canada H1X 1W6; 514-255-4000, Fax 514-259-9992; Email: ypardo@blindstogo.com; Web site: www.blindstogo.com. Gillroy’s Hardware operates 26 locations throughout GA and MI. The home improvement stores, offering hardware items and plumbing, electrical and lawn and garden supplies, occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to acquire sites. For more information, contact Bob Morgan, Gillroy’s Hardware, 6429 West Pierson Road, Flushing, MI 48433; 810-659-2291, Fax 810659-5019; Web site: www.gillroys.com. (continued on page twenty-four)

This issue contains information on:

* Retailers operating 48,810 locations with plans to open 1,159 sites * Real estate valued in excess of $32.5 million to be bought, sold & financed * Leasing activity on over 10.1 million sq.ft. of retail properties

Important News Please Expedite

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Featuring Post-Show ICSC RECon Real Estate Convention 2010 New Construction Carolina Holdings, Inc. is developing a 7.1-acre project in Pace, FL............................. Pg. 3 Profile|Welco Realty, Inc...... Pg. 4 Buyers & Sellers Mason Asset Management looks to acquire properties throughout the eastern half of the U.S.................................. Pg. 8 Food Retailers Expand Jimmy John’s Gourmet Sandwiches seeks locations nationwide............................ Pg. 10 Exclusives Colliers International represents Macy’s throughout GA........................................ Pg. 12 Openings AnnTaylor Stores Corp to open 30 locations this year.... Pg. 14 Focus Brands plans 60 Schlotzsky’s Deli openings nationwide............................ Pg. 17 Lease Signings Garden Commercial Properties signed a lease with Best Buy in Riverdale, NJ....... Pg. 18 Lead Sheet Versent Corp. plans Laser Quest openings throughout select markets nationwide and in Canada....................... Pg. 20 Learning Express, Inc. to open stores nationwide.................. Pg. 22 Space Place........................... Pg. 25 In the News Morrison & Foerster, LLP named Brett Miller co-chair of the company’s distressed real estate group........................... Pg. 28 Most Valuable Players........... Pg. 38

For more news go to: www.dealmakers.net Mobile Access Code: postrecon2010


New Construction AC&T, in conjunction with Orteck International, is developing a mixeduse project located at the intersection of Garland Groh Boulevard and Hollyhock Road in Hagerstown, MD. The project will include a 140-unit hospitality component and a 12,000 sq.ft. retail component as well as convenience, auto service and restaurant components. Area retail includes Walmart. For more information, contact AC&T, 11535 Hopewell Road, Hagerstown, MD 21740; 301-582-2700 or 800-458-3835; Web site: www.acandt.com.

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. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630 or 100 Youngs Road, Mercerville, NJ 08619. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., Properties by Fax Copyright 2010 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.

Edens & Avant is preleasing Pooler Marketplace, located along Pooler Parkway in Savannah, GA. Space is available along with outlots. Publix anchors the center and cotenants include Seasons of Japan Express, The UPS Store and Spataneous. Area retail includes Home Depot, Walmart Supercenter and Sam’s Club. Trade-area demographics include a population of 23,673 earning $62,959 as the average household income. The average daily traffic count is 21,519 vehicles. The center is slated to open during November. The company is also preleasing Hendrix Crossing, located at the intersection of Highway 378 and Charter Oak Road in Lexington, SC. Space is available along with outlots. Publix anchors the center and cotenants include Lake Murray Spirits, Subway, Allure Nails and Peking Gourmet. Trade-area demographics include a population of 28,393 earning $89,153 as the average household income. For more information, contact Matt Crosland, Edens & Avant; 803-7446741 or 800-662-7212; Web site: www.edensandavant.com. For additional information regarding Pooler Marketplace, contact Bre Wagner; 770-569-2802 or 800680-9012. StonebridgeCarras, LLC, in a joint venture with Walton Street Capital, is developing Constitution Square, a 2.5 million sq.ft. mixed-use project being developed in phases between 1st Street, M Street, 2nd Street and N Street in the NoMa area of Washington, DC. The first phase of the center, scheduled for completion this year, will feature a 50,000 sq.ft. Harris Teeter, two office components, a 440-unit multifamily component and a 204-unit hospitality component. For more information, contact StonebridgeCarras, LLC, 4733 Bethesda Avenue, Suite 800, Bethesda, MD 208145332; 301-913-9610, Fax 301-913-9615; Web site: www.stonebridgeassociates.com. Centennial American Properties, LLC is developing New River Crossing, a project located along U.S. Highway 278 in Bluffton/ Hardeeville, SC. Space is available along with outlots. Publix will anchor the center and Walmart shadow-anchors the site. Cotenants will include Dollar Tree. Area demographics include a population of 47,845 within 10 miles earning $85,430 as the average household income. For more information, contact Centennial American Properties, LLC, 935 South Main Street, Suite 201, PO Box 10588, Greenville, SC 29603; 864-271-3894, Fax 864-2425498; Web site: www.capllc.com. www.dealmakers.net

The

Carolina Holdings, Inc. is developing Pace Corners, a 7.1-acre project located at the intersection of U.S. highway 90/State Route 10 and State Route 197-A/Woodbine Road in Pace, FL. Area demographics include a population of 38,536 within five miles earning $69,897 as the average household income. The average daily traffic count is 59,351 vehicles. The company is also developing Crossroads Plaza, a 23.69-acre project located at the intersection of SC Highway 101 and SC Highway 296/Reidville Road in Greer, SC. Area demographics include a population of 75,716 within seven miles earning $84,071 as the average household income. The average daily traffic count is 23,500 vehicles. For more information regarding Pace Corners, contact Britt Goodson, Carolina Holdings, Inc.; 864-272-0088, Fax 864-2720078; Email: britt.goodson@choldings.com; Web site: www.choldings.com. For more information regarding Crossroads Plaza, contact Mike McNicholas; Email: mike.mcnicholas@choldings.com. American Asset Corp. is preleasing Concord Ridge, a 245,000 sq.ft. regional center located at the intersection of Interstate 85 and Highway 73 in Concord, NC. Area demographics include a population of 216,002 within 10 miles earning $59,785 as the median household income. The company is also preleasing Mint Hill Commons, a 376,000 sq.ft. community shopping center located at the intersection of Highway 51 and Lawyers Road in Mint Hill, NC. Area demographics include a population of 391,722 within 10 miles earning $62,857 as the median household income. For more information, contact Patrick Russell, American Asset Corp., 3700 Arco Corporate Drive, Suite 350, Charlotte, NC 28273; 704-295-4006; Email: prussell@aacusa.com. Vanguard-Fine, LLC is preleasing a 9,500 sq.ft. addition to Central Square, a 24,000 sq.ft. center located on Central Avenue in Albany, NY. Cotenants include Pizza Mare and Magic Shears. Area retail includes Kohl’s, Kmart, Target, Price Chopper and Colonie Center Mall. Area demographics include a population of 184,883 within five miles. The average daily traffic count is 23,800 vehicles. For more information, contact Kenneth Brownell or Barry Feinman, Vanguard-Fine, LLC, 2050 Western Avenue, Suite 201, Guilderland, NY 12084; 518-862-0861 Ext. 201/202; Emails: kbrownell@vanguardfine.com and bfeinman@vanguardfine.com. DM

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June 11, 2010

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welco realty, inc.

Profile — A monthly column featuring

Finds tenant rep business picking up as retailers are popping up

retailers and retail real estate companies

Adam Taliercio Welco Realty, Inc. is a real estate consulting and brokerage firm offering market analysis, site selection, demographics, competition evaluation and lease negotiation services for retail clients, as well as landlord and shopping center representation. The company has leased millions of square feet of retail space in shopping centers and central business districts throughout CT, NJ, NY and PA, representing both landlords and tenants, and has done it all with an insider’s perspective – the product of its key executives’ strong background in retail prior to forming the company. Principal Jerry Welkis handled operations along the East Coast and eventually an expansion program throughout the northeastern U.S. for Baskin Robbins, and also served as head of real estate in the U.S. for Consumers Catalog Showroom. Principal David Sternschuss served as head of real estate for Lane Bryant for 12 years, as well as assisting general counsel for Bloomingdale’s, and principal Allen Cooperman served with Federated Department Stores and Shopco Development Co. Welco’s business initially focused on tenant representation because of this retaileroriented past; eventually, the company moved into landlord representation as well, as developers came to Welco requesting help leasing their centers. The company also invests in properties itself on a small level. “We found that diversification for us as a company is good,” Welkis said. “In times when retailers are doing great and they can’t get enough locations, the retail tenant rep side of our business brings in a lot of revenue. When retailers are not doing well, our landlords find they need us even more because they find it tough to lease and market space, and are looking for people with the relationships, expertise and marketing capability we have.” Over the past year or so, he said, the landlord representation aspect of the business had been much more successful than tenant representation, but within the past several months retailers have been “kicking the tires” and looking to do deals. “I think retailers are seeing some good signs of the economy recovering, and are now taking advantage of some of the reduced rents that might be out there in markets [they] want to get into,” he added. The recession has had some impact on occupancy at shopping centers the company handles, Welkis said, estimating that lease rates have been reduced by about 10 to 20% overall as retailers – particularly big-box tenants such as Circuit City or Linens ‘N Things – have gone out of business. However, Welco has weathered this and other troubled economic times by remaining “lean and mean” and resisting the urge to overexpand. “During the good times, we were able to service our clients well, but not operate so extravagantly that we had to have a certain amount of income to cover our overheads,” he said. “In the tough times, because we were lean, our cost was in proper ratio to our income.” Also, the loss of some tenants afforded the company the chance to re-merchandise and upgrade the tenancy of centers that had previously lacked available space. As a tenant representative, Welco tries to function as though it were the client’s in-house real estate department. This entails observing potential sites on weekdays and weekends, talking to other retailers at the site, and generally making sure that the deal is one they would make for themselves, as though it were their company looking at the space. Welco also tries to involve itself in short- and long-term goals for their retail clients, offering input not just regarding real estate, but distribution, advertising within the market in question and other aspects of the business. “I wore several hats with different retail companies,” Welkis said, “and I think that the retailers have a certain respect for us; they know we’ve been in their shoes before. When we look at a site, we look at the company as a whole. We’re not just salespeople; we’re not just trying to lease a space and get a commission. We believe in long-term relationships, and we want the retailer to be successful so that he grows, and grows with us.” On the opposite side of the business, the company specializes in the handling of difficult leasing projects, and Welkis sited as an example the demalling of Mill Creek Mall, located in Secaucus, NJ, which reopened as a specialty center last year. Initially a 400,000 sq.ft. enclosed mall anchored by a Kohl’s and a supermarket on opposite sides of the structure, the center was having difficulty contending with new major shopping centers opening nearby, and sales had begun to suffer. Welco arranged the buyout or termination of leases at the mall, coordinated the departure of the mall tenants and tore down page 4

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everything apart from the anchors in order to recreate the mall as a specialty center. New tenants were brought in, including a Toys “R” Us/Babies “R” Us superstore, The Sports Authority, T.J. Maxx, and a Bob’s Furniture that signed recently. “We made lemonade out of lemons,” Welkis said of the project. “It was very difficult because of all the nuances of working with the tenants, and demalling, and convincing big-box retailers that this was a place to be. We created a major retail development in Secaucus; we took a mall that was antiquated and declining, and made a very successful specialty center.” Current projects for Welco include a 70,000 sq.ft. to 80,000 sq.ft. expansion underway at Summer Hills Shopping Center, located in East Brunswick, NJ. The first phase of the Toys “R” Us/Babies “R” Us-anchored center opened last year, and the expansion, which is slated to include apparel retailers, a sporting goods chain and numerous restaurants, will open during 2011. Welco is also redeveloping a former Loehmann’s-anchored shopping center in Florham Park, NJ. Tenants at the center will include dressbarn and a recently-signed Trader Joe’s. Other projects include a new 100,000 sq.ft. center in Hawthorne, NJ; an expansion of Commerce Plaza in North Brunswick, NJ to feature BJ’s Wholesale Club, and Edison Town Center, a new development with Sam’s Club slated to open as its first tenant. Most companies have had to revisit the way they approach new opportunities in the past few years, and Welco is no exception. Welkis cited the company’s work with pop-up stores as a creative and beneficial new undertaking, as they allow Welco’s retailer clients to enter into locations on a short-term basis with very little capital expenditure as a means of testing a market. “Retailers in this economy want to take advantage of having a lot more available space in areas that wouldn’t normally have space for them,” he said. “They can go into a market and test it, and not lock themselves in…if the store does well, it gives [the retailer] the comfort level to enter into a longer-term lease.” Also, in cases where centers have large vacancies and are having trouble filling them, the company will often try to enter into short-term leases with pop-up retailers to provide a temporary solution. “It can be a win-win for the landlord and the tenants,” he explained. “It’s a live body in the store, bringing traffic to the center.” The company has handled temporary leases for companies such as Nine West and Halloween USA, and was recently named master broker throughout the northeastern U.S. for Toys “R” Us Express, Toys “R” Us’ pop-up store program. The company’s area of coverage stretches from the Baltimore and Washington, DC area through New England. Welco is able to address this wider area of coverage thanks to their affiliation with the X-Team, a nationwide, 30-office organization of retail brokers that assist one another with clients and share information, technology and support. “If we didn’t have a relationship with X-Team, it’d be difficult for us to handle that wide an area,” Welkis said. “Our area of dominance is primarily CT, NJ and NY.” The Toys “R” Us Express stores typically occupy spaces of 5,000 sq.ft. but can range in size from 3,000 sq.ft. to over 10,000 sq.ft., and suitable locations are either vacant or soon to be vacant, and require no tenant improvements. “We have to be somewhat opportunistic, because obviously we need to get these stores open very quickly, and in a very short period of time,” Welkis said. The benefits for Welco in handling these types of deals are numerous, he explained. The company is able to associate itself with major brands with strong reputations, but short-term lease deals also allow them to establish a relationship with landlords for future projects, should the same center that brought in a pop-up store have other vacancies to fill. Also, he added, shortterm leases often lead to other deals the company never would’ve made otherwise. “As we’re looking for locations for these tenants, we’re coming up with sites for other retailers on permanent deals that offshoot from that,” he said. “It gives us a lot of exposure, both on the retail side and on the developer side.” For more information, contact Jerry Welkis, Welco Realty, Inc., 2525 Palmer Avenue, New Rochelle, NY 10801; 914-576-7500, Fax 914-576-7596; Web site: www.welcorealty.com.

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At DJM Realty, we help our clients reduce their real estate exposure by disposing of under-performing leases and fee-owned real estate and renegotiating occupancy costs. We also put our own capital to work to create strategic solutions. Facilitating growth

cutting occupancy costs

Eliminating surplus rEal EstatE

rEsolving warEhousE & oFFicE issuEs

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.

Andy Graiser agraiser@djmrealty.com 631.927.0029

Emilio Amendola eamendola@djmrealty.com 631.927.0023

Peter Lynch plynch@djmrealty.com 213.533.1042

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Michael Jerbich mjerbich@djmrealty.com 312.928.1900


Who’s Opening and Where Dunkin’ Brands, Inc. (781-737-3000), through franchisees Yellow Mountain, LLC and Ioan Donuts, LLC, plans to open 15 Dunkin’ Donuts locations throughout Atlanta, GA. One restaurant is slated to open during 2011, three during 2012 and the remainder by 2017. The company currently operates 9,000 locations nationwide and internationally throughout 30 countries. SPoT Coffee (Canada), Ltd. (416-3682220) plans to operate ten Spot Coffee cafes throughout North America by year’s end, including a site located along Atlantic Avenue in Delray Beach, FL slated to open next month. The company currently operates five cafes, offering light meals and gourmet coffee roasted in-house, throughout Buffalo, Rochester and Williamsville, NY, as well as Toronto, Canada. Dick’s Sporting Goods, Inc. (724-273-3400) will open a 50,000 sq.ft. Dick’s Sporting Goods store in a former Macy’s site at River Valley Mall, located in Lancaster, OH. The store will serve as an anchor for the center. The company currently operates 420 sporting goods stores nationwide throughout 40 states.

Al Copeland Investments (504-830-1000), through franchisees, plans to open new Copeland’s of New Orleans Restaurant locations throughout Birmingham, AL and Nashville, TN. The stores will be in a new prototype, featuring a bakery area, an upgraded kitchen, a renovated bar and an expanded dining room capable of seating 220 patrons. The company also plans to open locations throughout Austin and San Antonio, TX during the year. The company currently operates 52 locations nationwide.

Boardwalk Fresh Burgers & Fries (410715-0500), through a franchisee, plans to open more than 50 restaurants throughout FL during the next several years, as well as four company-owned locations throughout the state. The restaurants offer made-toorder burgers and Boardwalk-style fries. The company currently operates six locations throughout CA, GA, MD, PA and VA, and has 188 restaurants in development throughout GA, MD, NC, VA and Washington, DC, as well as the Middle East.

Vitamin Shoppe, Inc. (201-868-5959) plans to open 42 The Vitamin Shoppe locations nationwide this year, having opened 37 locations during 2009. The stores offer vitamins, herbal supplements, homeopathic remedies and sports nutrition products. The company currently operates 438 locations nationwide throughout 37 states.

rue21, Inc. (724-776-9780) plans to open 100 rue21 stores nationwide this year, having opened 88 stores and closed two during the 2009 fiscal year. The company currently operates 535 stores, offering value-oriented trendy apparel, nationwide.

Sonic Corp. (405-280-7654), through franchisees, will open between 80 and 90 Sonic Drive-In locations during the 2010 fiscal year. During the first half of the fiscal year, the company opened 42 locations, including 39 franchised units. The company currently operates 3,500 locations nationwide.

Lululemon Athletica, Inc. (604-732-6124) plans to open 15 Lululemon locations this year, as well as 45 temporary showroom locations, nationwide. The company opened 11 stores during 2009, and currently operates 124 stores, offering yoga-inspired apparel, nationwide and internationally.

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June 11, 2010

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Dealmakers

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(continued on page fourteen)


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

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


Buyers and Sellers Mason Asset Management is looking to acquire retail and office properties and bulk condominiums located throughout the eastern half of the U.S. Suitable properties feature GLAs above 100,000 sq.ft., or above 50,000 sq.ft. in the New York, NY metropolitan area. The company will also consider properties with value-added potential and stabilized properties with upside potential, as well as non-performing notes and properties. For more information, contact Elliot Nassim, Mason Asset Management, Inc., 1000 Northern Boulevard, Suite 375, Great Neck, NY 11021; 516-371-5858, Fax 516734-0172; Email: elliot@masonam.com. Marcus & Millichap Real Estate Investment Services negotiated the sale of an 11,110 sq.ft. freestanding Walgreens located along Tompkins Avenue in Staten Island, NY. The tenant is bound to a 25-year NNN lease. Tompkins 1, LLC acquired the property from EDEN Hyland Tompkins, LLC for $8.85 million at a Cap rate of 7.43%. The company represented the seller and procured the buyer in the transaction. The company also negotiated the sale of a 7,264 sq.ft. Walgreens located along Richmond Avenue in Staten Island, NY. The tenant is bound to a 75-year lease with an option to terminate during year 25. The property was acquired for $9.5 million at a Cap rate of 7.25%. The company represented the seller in the transaction. For more information regarding the Tompkins Avenue property, contact Dean Zang or Mark Taylor, Marcus & Millichap Real Estate Investment Services, 1628 JFK Boulevard, Suite 1200, Philadelphia, PA 19103; 215-531-7000, Fax 215-5317010; Web site: www.taylorzang.com. For more information regarding the Richmond Avenue property, contact Steven Siegel or Scott Plasky, 2999 Oak Road, Suite 210, Walnut Creek, CA 94597; Web site: www.marcusmillichap.com. BH Properties, LLC is selling an 89,282 sq.ft. freestanding building located on Northeast Loop 820 in North Richland Hills, TX. The asking price is $3.9 million. The company is also selling a 29,440 sq.ft. freestanding building located along Southlake Parkway in Morrow, GA. The asking price is $1.9 million. For more information, contact Steve Gozini, Steven Jaffe or Scott Henry, BH Properties, LLC, 11111 Santa Monica Boulevard, Suite 600, Los Angeles, CA 90025; 310-820-8888 Ext. 106/105 or 972-980-8701, Fax 310-8208070; Emails: steve.gozini@bhproperties.us, steve.jaffe@bhproperties.us and scott.henry@bhproperties.us; Web site: www.bhproperties.us. page 8

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McClinton & Co., Inc. negotiated the sale of a 6,766 sq.ft. outlot of Midtown Plaza Shopping Center, located at the intersection of Interstate 85 and Ann Street in Montgomery, AL. A private buyer acquired the property from MAC Land Holdings, LLC. At the time of sale, AT&T Mobility and National Vision Corp. tenanted the site. Area retail includes Walmart Supercenter, Ross Dress for Less, Office Depot, Dollar Tree, Shoe Carnival, Cato, RadioShack, Foot Locker, Payless ShoeSource and Sally Beauty Supply. The sale price reflected a Cap rate of 8%. The company represented the seller in the transaction. For more information, contact David McClinton, McClinton & Co., Inc.; 3140 Zelda Court, Montgomery, AL 36106; 334-270-9653, Fax 334-819-8716; Email: mcclintond@mcclintonco.com; Web site: www.mcclintonco.com. Cornish & Carey Commercial is selling a The Sports Authority site located in Hoffman Estates, IL. Area retail includes Target, GNC, RadioShack, CitiBank, Burger King, AT&T Mobility, Great Clips, Chipotle, Sears, Cost Plus World Market, PetSmart, Lane Bryant, T.J. Maxx, Michaels and OfficeMax. The asking price is $6.547 million with a Cap rate of 9%. The company is also selling a T-Mobile site located in Manteca, CA. The tenant is bound to a net lease featuring a 20% rent escalation during 2014. Area retail includes Target, Staples, Pier 1 Imports, Payless ShoeSource, T.J. Maxx and Home Depot. For more information, contact Michael Maffia or Putnam Daily, Cornish & Carey Commercial, One Bush Street, Suite 400, San Francisco, CA 94104; 415-4455144/5107; Emails: mmaffia@ccarey.com and pdaily@ccarey.com; Web site: www.maffiateam.com. Regency Centers acquired Providence Commons, a 191,301 sq.ft. neighborhood shopping center located in Charlotte, NC. At the time of sale, Harris Teeter, Lowe’s Home Improvement and Rite Aid anchored the center. The company is looking to acquire stabilized, grocery-anchored neighborhood shopping centers and wellpositioned value-added opportunities in major metropolitan areas nationwide. The company will consider portfolios as well as individual properties. For more information, contact Barry Argalas or Scott Porter, Regency Centers, One Independent Drive, Suite 114, Jacksonville, FL 32202; 904-598-7000/7638; Emails: barryargalas@regencycenters.com and scottporter@regencycenters.com.

Dealmakers

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The Goldstein Group negotiated the sale of a Walgreens site located at the intersection of Bergen Street and Springfield Avenue in Newark, NJ. The property is located within Home Depot Shopping Center, featuring tenants including Applebee’s and Wendy’s. Springfield Bergen, LLC disposed of the property at a price reflecting a 6.5% Cap rate. For more information, contact Chuck Lanyard, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700 Ext. 15; Web site: www.thegoldsteingroup.com. The Nichols Co. is selling a divisible 11.5acre parcel located at the intersection of North Tryon Street and Eastway Drive in Charlotte, NC. The asking price is $300,000 per acre. The average daily traffic count is 44,000 vehicles. For more information, contact Josh Beaver, The Nichols Co., 1200 Central Avenue, Charlotte, NC 28204; 704-373-9797, Fax 704-373-9798; Email: josh@thenicholscompany.com; Web site: www.thenicholscompany.com. SRS Real Estate Partners is selling a twoacre outlot at North Dartmouth Commons, located in North Dartmouth, MA. Area retail includes Target, Dick’s Sporting Goods, Petco and Michaels. For more information, contact Erin Grace or Patrick A. Smith, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-710-5250; Emails: erin.grace@srsre.com and patrick.smith@srsre.com; Web site: www.srsre.com. Atlantic Retail Properties negotiated the sale of a one-acre outlot located along SR 60 in Vero Beach, FL. ABC Fine Wine & Spirits acquired the property. The company represented the buyer in the transaction. For more information, contact LaToya Dillas, Atlantic Retail Properties; 561-4276699; Web site: www.atlanticretail.com. Brauvin Real Estate is selling a two-tenant building located along Interstate 70 in North Belle Vernon, PA. 7-Eleven and McDonald’s tenant the site and are bound to a 25-year NNN lease set to expire during July 2020 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. DM


Food Retailers Expand Nationwide Salad Creations operates 50 locations throughout CA, FL, HI, IL, MA, MI, MN, MT, NC, NV, NY, PA, SC, TX, VA, WI and WV. The restaurants, offering salads, wraps, soups and paninis, occupy spaces of 1,200 sq.ft. to 1,600 sq.ft. in malls and entertainment, lifestyle, power, specialty and strip centers, in addition to urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years with three, five-year options. A vanilla shell and specific improvements are required. Preferred cotenants include Barnes & Noble, Kohl’s, Starbucks and Target. Preferred demographics include a population of 50,000 within three miles earning $60,000 as the median household income. The company is franchising. For more information, contact Dominick Voso, Salad Creations, 4171 West Hillsboro Boulevard, Suite 4, Coconut Creek, FL 33073; 954-590-2467, Fax 954-590-2484; Email: dvoso@saladcreations.net; Web site: www.saladcreations.net. Jimmy John’s Gourmet Sandwiches operates 1,000 locations nationwide. The upscale, fast-casual sandwich shops occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in freestanding

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locations, strip centers and urban/downtown areas. Plans call for 200 openings throughout the existing market during 2010. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a daytime population of 8,000 within a three-minute drive time. Major competitors include Subway and Quiznos. For more information, contact Chris Newman, Jimmy John’s Gourmet Sandwiches, 2212 Fox Drive, Champaign, IL 61820; 217-356-9900, Fax 217-359-2956; Email: realestate@jimmyjohns.com; Web site: www.jimmyjohns.com. The Fudge Co. trades as Fudge Co., Alaska Fudge and South Africa at locations throughout AK and AZ. The shops, offering homemade fudge and candy, occupy spaces of 600 sq.ft. in regional malls and entertainment and tourist centers. Growth opportunities are sought throughout FL and TX during the coming 18 months. Typical leases run three to five years. For more information, contact Robert Hoffman, The Fudge Co., 103 Belvedere Avenue, Charlevoix, MI 49720; 231-5479941, Fax 231-547-4612.

Dealmakers

www.dealmakers.net

Stuft Pizza Franchise Co. trades as Stuft Pizza, Stuft Pizza and Brewing and Stuft Pizza Bar & Grill at 12 locations throughout CA and OR. The restaurants occupy spaces of 800 sq.ft. to 6,000 sq.ft. in freestanding locations and entertainment, lifestyle, power, specialty and strip centers, in addition to urban/ downtown areas. Growth opportunities are sought throughout CA during the coming 18 months. Expansion is franchise-driven. For more information, contact Jack Bertram or Noelle Bertram, Stuft Pizza Franchise Co., 50855 Washington Street, Suite 210, La Quinta, CA 92553; 760-777-1660, Fax 760777-1948; Email: jack@stuftpizza.com; Web site: www.stuftpizza.com. Strings Franchise, Inc. trades as Strings Italian Café at 30 locations throughout CA and NV. The Italian restaurants occupy spaces of 2,500 sq.ft. to 3,100 sq.ft. in downtown areas, malls, freestanding locations and strip centers. Growth opportunities are sought throughout northern CA during the coming 18 months. For more information, contact Al DeCaprio, Strings Franchise, Inc., 11344 Coloma Road, Suite 545, Gold River, CA 95670; 916-6353990, Fax 916-631-9775. DM


Retail Specialists unique

real

estate

NY, NJ, CT & PA

solutions

• Airmont/Suffern, NY – Route 59

• Poughkeepsie, NY – Route 9 – Ashton Park

• Ardsley, NY – Saw Mill River Rd. – Rite Aid Shopping Center

• Thornwood, NY – Columbus Ave. – Rosehill Shopping Center

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

• Vails Gate, NY – Route 32 – Big V Town Center

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

• Wappingers Falls, NY – Route 9 – Lafayette Plaza

• Harriman, NY – Route 17/6 – Woodbury Centre

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

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

• Avon, CT – Nod Brook Mall

• Massapequa, NY – Sunrise Hwy. – Sunrise Center

• Derby, CT – Pershing Drive – ShopRite Plaza

• Middletown, NY – Route 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. (Route 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 – Route 22 – Patterson Commons

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

• Pawling, NY – Route 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 – Route 1 – Shop Rite Plaza

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

• Waterbury, CT – Wolcott St. – Fair Oaks Plaza

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

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

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

• Pelham, NY – Lincoln Ave. – New Development

• Perkasie, PA – Constitution Ave. – Perkasie Shopping Center

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

1,100 - 5,000 SF Avail. Upscale Community. Join Dunkin’ Donuts.

• 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.

wireless

Representing retailers in select regions...

850 Bronx River Road • Bronxville, NY 10708 • (t) 914-237-3403 • (f) 914-237-0196

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Exclusives and Leasing Assignments Colliers International (404-574-1024) represents Macy’s with the chain’s expansion throughout GA. The department stores, some featuring furniture departments, occupy spaces of 50,000 sq.ft. in regional malls and lifestyle and power centers as well as freestanding locations situated on five acres. Preferred trade-area demographics include a population above 150,000 earning a median household income above $75,000 and preferred sites feature an average daily traffic count above 30,000 vehicles. The company also represents Mr. Clean Car Wash with the chain’s expansion throughout GA. The car wash facilities occupy freestanding locations

situated on 1.5 acres to 2.5 acres. Preferred demographics include a population above 150,000 within a five-mile radius earning an average household income above $75,000, and preferred sites feature an average daily traffic count above 25,000 vehicles. The company also represents Planet Fitness with the chain’s expansion throughout Cobb and Gwinnett counties in GA. The fitness centers occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in community, lifestyle, power, regional and strip centers as well as freestanding locations. Preferred area demographics include a population above 25,000 for smaller stores and above 60,000 for larger stores.

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.

Susan Mazarakes, CEcD 903-753-7878 | 800-952-2613 | Fax: 903-753-3646 www.longviewusa.com page 12

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Dealmakers

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 www.dealmakers.net

Sierra Realty Advisors (312-422-7744 or 888-656-7744) represents Selective Eyewear Elements with the chain’s expansion throughout urban corridors of Chicago, IL. The boutique optical shops occupy spaces of 900 sq.ft. to 1,100 sq.ft. The company also represents See’s Candies with the chain’s expansion throughout suburban areas of Chicago, IL. The chocolate and candy shops occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in lifestyle and open-air centers. The company also represents Thai Urban Kitchen with the chain’s expansion throughout urban areas of Chicago, IL. The upscale Thai restaurants occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. The company also represents Toby Keith’s I Love This Bar & Grill with the chain’s expansion nationwide. The country music-themed restaurants and bars occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in urban areas. The company also represents Urbanest with the chain’s expansion throughout the Chicago, IL metropolitan area. The furniture stores occupy spaces of 4,000 sq.ft. to 7,000 sq.ft. in freestanding locations and endcaps of shopping centers. The company also represents The Walking Company with the chain’s expansion throughout urban areas of Chicago, IL. The shoe stores occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. The company also represents Weight Watchers with the chain’s expansion throughout suburban areas of Chicago, IL. The weight loss centers occupy spaces of 1,100 sq.ft. to 1,800 sq.ft. The Rotella Group (954-568-9015) has been named the leasing agent for Haverhill Plaza, located at the intersection of Haverhill Road and 10th Avenue North in Greenacres, FL. A divisible 6,500 sq.ft. endcap is available. Area demographics include a population of 122,682 within three miles earning $55,745 as the average household income. The average daily traffic count is 22,360 vehicles. The company has also been appointed the leasing agent for Sun American Bank Center, located along West Boynton Beach Boulevard in Boynton Beach, FL. An 1,800 sq.ft. former restaurant space is available. Tenants include Sun American Bank and Sun American Pawn. Area demographics include a population of 107,894 within three miles earning $68,662 as the average household income. The average daily traffic count is 41,961 vehicles. Winick Realty Group (212-792-2600) represents My Suit Made to Measure with the chain’s expansion throughout New York, NY. The apparel retailer is seeking spaces of 3,000 sq.ft. to 4,000 sq.ft. DM


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

Sears, Roebuck & Co. (847-286-2500) plans to open Sears Outlet stores throughout OH. The company currently operates 94 outlet stores, offering major and small appliances, electronics, exercise equipment, mattresses and lawn equipment at 20% to 60% off original prices, nationwide, including five in the state. P.F. Chang’s China Bistro, Inc. (602-9578986) will open a 7,400 sq.ft. P.F. Chang’s restaurant at Dulles Town Center, located in Dulles, VA. The opening will be the company’s 10th in the area. The restaurant is slated to open during the fall.

CVS Caremark Corp. (877-265-7325) plans to open a CVS pharmacy at the intersection of Gravois Road and Chippewa Avenue in St. Louis, MO. The store is slated to open later this year or during early 2011. The company also plans to open a location at the intersection of Clayton Road and Henry Road in Ballwin, MO during the fall, and is in the approvals phase for the planned opening of a 13,000 sq.ft. location in a former Paramount Rug Co. site located at the intersection of Belmont Street and West Street in Brockton, MA during early 2011. The company currently operates 7,000 locations nationwide.

PROPOSED NEW DEVELOPMENT PROJECTS CANTON VALLEY SHOPPES CANTON, CONNECTICUT

SPENCER STREET COMMONS MANCHESTER, CONNECTICUT

60,000 SF Development with a 6,000 SF Outparcel

140,000 SF Development with Bank or Restaurant Outparcels

SHOPS AT CEDAR STREET NEWINGTON, CONNECTICUT

COPACO CENTER BLOOMFIELD, CONNECTICUT 450,000 SF Shopping Center 18,000 SF Expansion Join Stop & Shop, Lowe’s, CVS & Burlington Coat Factory

Proposed Hotel Development with 20,000 SF Retail, Bank & Restaurant Outparcels

Representing more than 3 million square feet in Connecticut, Massachusetts, Rhode Island & New Hampshire

(860) 529-9000

www.newenglandretail.com 150 Hartford Avenue, Wethersfield, CT 06109

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Dealmakers

www.dealmakers.net

Wal-Mart Stores, Inc. (479-273-4000) plans to open an 80,000 sq.ft. Walmart Neighborhood Marketplace along Richmond Highway in Alexandria, VA. The location is slated to open during spring 2011 as the first phase of a planned redevelopment of the former Kings Crossing Shopping Center. The second phase of the center is slated to open during 2012. The company is also in the approvals phase for a planned 98,000 sq.ft. Walmart store at a former Kmart site located in Ventura, CA. The store will offer clothing, electronics and groceries, as well as alcohol for off-site consumption. The company also plans to open 500 Walmart MoneyCenter locations within existing Walmart stores this year, including 14 within the Phoenix, AZ area. The stores offer basic money services including checkcashing. The company currently operates 3,763 locations nationwide. AnnTaylor Stores Corp. (212-541-3300) plans to open 10 Ann Taylor Loft stores and 20 Ann Taylor Loft Outlet locations during 2010, as well as close 72 locations during the 2010 fiscal year. The company also plans to convert between five and 10 Ann Taylor locations to Ann Taylor Loft sites during the year. The company opened 14 stores during 2009, comprised of nine Ann Taylor Loft stores, one Ann Taylor Factory location and four Ann Taylor Loft Outlet stores; closed 18 Ann Taylor stores and 24 Ann Taylor Loft stores, and converted 11 stores from Ann Taylor locations to Ann Taylor Loft stores. The company currently operates 907 locations, including 291 Ann Taylor stores, 506 Ann Taylor Loft stores, 92 Ann Taylor Factory stores and 18 Ann Taylor Loft Outlet locations. Costco Wholesale Corp. (425-313-8000) is slated to open a 154,000 sq.ft. Costco Wholesale location in a former Mervyns site at an 800,000 sq.ft. open-air shopping center located in Huntington Beach, CA. The full-format store will also feature bakery items, hot dogs and a gas station. The company also plans to open a 120,000 sq.ft. store along Richmond Highway in Alexandria, VA. Tasti D-Lite, LLC (615-550-3012), through a franchisee, plans to open 25 Tasti D-Lite locations throughout southern FL during the next several years. The stores offer more than 100 flavors of soft-serve desserts. The company introduced its franchise model during late 2008, and has since converted 40 company-owned locations to franchises. The company plans to operate 500 locations worldwide within the next several years. (continued on page sixteen)


A new shopping and office destination for the Indo-American community…

Hidden Lake Towne CenTer in norTH BrunswiCk, nJ • 856

– 2,975 sq.ft. available

• Close proximity to Routes 1, 27, 130 & NJ Turnpike promotes easy access for destination shopping • Residential community of 1,655 homes, condos, town houses and apartments within walking distance • From 1990 to 2000, the population within a one mile radius increased by 20.8%, with the Indo-American population increasing by 26% during the same time period. • Average household income of $122,599 within a one mile radius • Population of 210,283 within a five mile radius Hidden Lake Towne Center has a total GLA of 43,558 sq.ft., 10,000 sq.ft. of which is devoted to secondfloor office space. Ample parking is available. The buildings are grouped facing each other and form an irregular and interesting pentagonal interior courtyard. This area is landscaped and contains sitting areas and a modern version of the town square clock tower. It’s a warm, inviting place, destined to attract fine shops, restaurants and business establishments. The residential units at Hidden Lake provide captivated shoppers with 407 detached single-family homes, 110 attached single-family homes, 220 patio homes, 200 townhomes, 120 court homes, 90 condominium flats, and 500 rental apartments. The development is zoned for office, retail, food, education, and other professional uses in a neighborhood location.

For leasing information, please contact Ann O’Neal | ann@dealmakers.net | 1-800-732-5856


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

Goodwill Industries of Greater Nebraska, Inc. (308-384-7896) will open a Goodwill Industries location in Grand Island, NE. The store is slated to open during August, and will be the company’s second in the area. 7-Eleven, Inc. (972-828-0711) plans to open 24 7-Eleven convenience stores throughout the Salt Lake City area of UT during the next three years. The company currently operates 111 units in the state and 6,970 locations nationwide and throughout Canada, including company-owned, franchise and licensed units.

Urban Outfitters, Inc. (215-454-5500) plans to open a 9,400 sq.ft. Anthropologie store at The Gardens on El Paseo, located in Palm Desert, CA, during the fall. The stores offer women’s apparel and accessories along with home furnishings. The company currently operates 1,700 units nationwide and throughout Canada and Europe under the Anthropologie, Urban Outfitters, Free People and Terrain trade names. The opening will be the company’s 29th in CA. The company also plans to open 45 locations across all trade names, as well as roll out a new concept during 2011 that will focus on wedding gowns, intimate attire and gifts.

Rouses Enterprises (985-447-5998) is slated to open a 48,000 sq.ft. Rouses Market grocery store in a former Graham Central Station site located at the intersection of West Congress Street and Bertrand Drive in Lafayette, LA. The store will feature deli, bakery, floral, meat, seafood and produce departments, as well as freshly-cooked meals, and will be the company’s second location in the area. The store is slated to open during early 2011. The company currently operates 35 locations throughout LA and MS. Sprouts Farmers Market, LLC (480-8148016) plans to open 12 Sprouts Farmers Market locations during 2010. The planned openings include stores in Culver City, Sunnyvale, Thousand Oaks and Valencia, CA. The supermarkets offer natural and organic foods including produce, meats, seafood, rice, spices, nuts and grains. The company currently operates 48 locations throughout AZ, CA, CO and TX. Cereal Bowl Holdings, LLC (305-428-2695) plans to open The Cereal Bowl locations throughout the Washington, DC area during the next several years. The company recently opened a 1,500 sq.ft. location along Connecticut Avenue in Washington, DC. The company currently operates four locations, offering 35 hot and cold cereals and more than 40 toppings, as well as cereal bars, oatmeal smoothies and parfaits, and has more than 30 locations under development nationwide and internationally.

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Cobb Theatres, LLC (205-802-7766) is slated to open a 12-screen Cobb Theatres location at Village at Leesburg, located in Leesburg, VA, during spring or summer of 2011. The company plans to begin construction on the new theater, which will offer stadium seating with custom-designed seats and 3D projection technology, along with an on-site bar and grill, this summer. Publix Super Markets, Inc. (863-688-1188) is slated to open a 48,000 sq.ft. Publix supermarket along Biscayne Boulevard in Miami, FL. The company currently operates 1,012 locations nationwide, including 727 supermarkets in FL. Trader Joe’s Co. (626-599-3700) plans to open a Trader Joe’s grocery store in a former Tower Records site located in the Castro district of San Francisco, CA. The grocery store is slated to open during the latter part of this year or early 2011. The company is also planning to open a specialty supermarket along University Avenue in Berkeley, CA during the latter part of this year.


Who’s Opening and Where Papa Murphy’s International, Inc. (360-2607272), through franchisees, plans to open 130 Papa Murphy’s pizza shops nationwide during the next several years, including sites in Savannah, GA; Charlotte and Greensboro, NC and Charleston, SC. The company currently operates 1,200 take ‘n’ bake pizzerias, preparing bake-at-home pizzas, sides and desserts to order, throughout 34 states nationwide as well as throughout two provinces in Canada. hhgregg, Inc. (317-848-8710) plans to open 12 hhgregg electronics stores throughout Philadelphia, PA and the surrounding area during the fall. Planned openings include locations at Dover, Newark and Wilmington, DE; Lawrenceville, Mays Landing and Woodbury, NJ, and Dowington, Langhorne, northeastern Philadelphia, North Wales, Whitehall and Wyomissing, PA. The company currently operates 127 locations nationwide.

a planned sushi bar and Italian-themed café. The store is slated to open during 2011. The company currently operates 154 grocery stores, trading as Pick ‘n Save, Copps, Rainbow and Metro Market, throughout the midwestern U.S. Focus Brands (404-257-7040) plans to open 60 Schlotzsky’s Deli locations nationwide during 2010, as part of a plan to operate between 600 and 700 units by 2015. The openings will be in the company’s new prototype. The company also plans to rebrand 31 locations into cobranded units with Cinnabon, having opened 51 cobranded

locations since October 2009. The company currently operates 350 Schlotzsky’s Deli locations nationwide. Lowe’s Cos., Inc. (704-758-1000) plans to open a 137,000 sq.ft. Lowe’s Home Improvement at a redevelopment project located along Highway 53 in Clearlake, CA. The store will anchor the regional center and will include a 25,000 sq.ft. outdoor garden center. The company is also slated to open a 94,000 sq.ft. store located along Main Street in Mansfield, PA. The store will also feature an outdoor D M garden center.

ROCK SOLID &

GROWING STRONG

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.

✓ ✓ ✓ ✓

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.

McAlister’s Corp. (601-952-1100), through franchisee Bothwell-Saxton Restaurants, LLC, plans to open 10 McAlister’s Deli locations throughout the Kansas City, MO area during the next several years. The company recently opened a deli at Summit Fair Shopping Center, located in Lee’s Summit, MO. The fast-casual restaurants offer more than 100 menu items, including sandwiches, paninis, potatoes, soups, salads and desserts. The company currently operates 300 locations nationwide. Foot Locker, Inc. (212-720-3700) plans to open 40 locations during 2010, having opened 38 locations and closed 179 during 2009. The company also plans to close 150 locations during the year. The company currently operates 3,500 locations nationwide and internationally, trading as Foot Locker, Lady Foot Locker, Kids Foot Locker, Footaction and Champs Sports. Roundy’s Supermarkets, Inc. (414-231-5000) plans to open a Marino’s Fresh Markets store along East Randolph Street in the Loop area of Chicago, IL. The grocery store will also offer bakery and deli departments along with

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.

www.dealmakers.net

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Dealmakers

June 11, 2010

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June 11, 2010

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Lease Signings The Katsias Co. (757-490-3585) negotiated leases with America’s Best Contacts & Eyeglasses for 3,200 sq.ft. at Suffolk Specialty Shops, located in Suffolk, VA, and at Towne Square, located in Roanoke, VA. The company represented the tenant in the transactions. The company also negotiated leases with Sunday’s Tanning for 3,000 sq.ft. at Little Creek Square Shopping Center and along West 21st Street in Norfolk, VA. The company represented the tenant in the transactions. The company also negotiated a lease with Yummy House Chinese Restaurant for 2,250 sq.ft. and lease extensions with Ricco’s Pizza for 1,800 sq.ft., Jackson Hewitt for 850 sq.ft. and JAM Trading Co. for 800 sq.ft. at Langley Square Shopping Center, located in Hampton, VA. The company represented the landlord in the transactions. The company also negotiated leases with Herbal Farmacy for 1,600 sq.ft., Total Nutrition Warehouse for 800 sq.ft., Cardinal Skate Shop for 976 sq.ft. and The Remedy & Salon I for 976 sq.ft. at Holland Plaza Shopping Center, located in Virginia Beach, VA. The company represented the landlord in the transactions. The company also negotiated a lease with 4 Leaf Clover, Inc. for a 6,400 sq.ft. Jack Quinn’s Irish Restaurant & Pub along Granby Street in Norfolk, VA. The company represented the landlord in the transaction. L3 Corp. (314-469-7400) negotiated a lease with PetSmart for 20,200 sq.ft. at The Shops at Bella Terra, located in Houston, TX. The company, along with Moody Rambin Interests, represented the tenant and Moody Rambin Interests represented the landlord, MRPL Retail Partners II, Ltd. in the transaction. The company also negotiated a lease with Golf Galaxy for 22,145 sq.ft. along East Golf Road in Schaumburg, IL. The company, along with Great Street, represented the tenant and Edge Realty represented the landlord, Murphy Building Corp., in the transaction. NAI San Diego (619-497-2255) negotiated a lease with San Diego Fit for 5,662 sq.ft. along Cornerstone Court in San Diego, CA. The company represented the tenant and Cassidy Turley BRE Commercial represented the landlord, Realty Associates FundVI, in the transaction. illi Commercial Real Estate (818-501-2212) negotiated a 10-year lease with Fresh & Easy Neighborhood Market for 14,845 sq.ft. along Gladstone Avenue in Sylmar, CA. The company represented the landlord and Pacific Retail Partners represented the tenant in the transaction. Dealmakers

www.dealmakers.net

Centro Properties Group (212-869-3000) signed a lease with Metro PCS for 1,200 sq.ft. at New Garden Shopping Center, located at the intersection of Scarlett Road and West Cypress Street/Baltimore Pike in Kennett Square, PA. C3 Real Estate represented the tenant in the transaction. The company also signed a lease with Big Tuna Seafood Restaurant for 1,548 sq.ft. at The Shops of Riverdale, located at the intersection of Highway 85 and Lamar Hutcheson Parkway in Riverdale, GA. The company also signed a lease with CitiTrends for 17,172 sq.ft. at Cordele Square, located at the intersection of Highway 280/East 16th Avenue and Fleming Road in Cordele, GA. Reyner Retail, Inc. represented the tenant in the transaction. The company also signed a lease with Best Seafood and Steakhouse for 5,000 sq.ft. at Klein Square, located at the intersection of Stuebner Airline Road and Louetta Road in Spring, TX. Keller Williams Realty represented the tenant in the transaction. LaKritz-Weber & Co. (248-353-9494) negotiated a lease with Christopher’s Flooring for 2,270 sq.ft. at Oak Ridge Plaza, located at the intersection of Rochester Road and M-59 in Rochester Hills, MI. The company represented the landlord in the transaction. The company also negotiated a lease with Jimmy John’s for 2,000 sq.ft. along South Linden Road in Flint, MI. The company represented the tenant in the transaction. Planned Community Developers, Ltd. (281242-2000) signed leases with Berripop Frozen Yogurt for 1,088 sq.ft.; Extreme Pita for 1,368 sq.ft. and Malibu Tan for 2,125 sq.ft. at Lake Pointe Town Center, a Whole Foods Marketanchored center located at the intersection of Highway 59 and State Highway 6 in Houston, TX. Page Partners represented Berripop, The Weitzman Group represented Extreme Pita and New Quest Properties represented Malibu Tan in the transactions. Garden Commercial Properties (973-4675000) signed a lease with Best Buy for 32,000 sq.ft. at Riverdale Crossing, a 260,000 sq.ft. two-story center located at the intersection of Route 23 and Route 287 in Riverdale, NJ. The tenant joins Walmart, Borders, The Sports Authority, Pier 1 Imports and Chili’s. Charter Realty & Development Corp. (203227-2922) negotiated a lease with Famous Labels for 44,249 sq.ft. at Gateway Fashion Mall, located at the intersection of Century Avenue and State Street in Bismarck, ND. The tenant joins Sears, Carmike Theaters, JoAnn Fabrics, Hancock Fabrics and Primecare Medical Mall at the center. DM


Lead Sheet Brooks Auto Parts Co., Inc. dba Brooks Auto Parts Wayne Marsh 402 South Peterson Avenue Douglas, GA 31533 912-384-7818, Fax 912-384-1849

Automotive The 41-unit chain operates locations throughout GA. The stores, offering automotive parts and accessories, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.

Discount Tire Co. dba Discount Tire Co. and America’s Tire Co. James Silhasek 20225 North Scottsdale Road Scottsdale, AZ 85255 480-606-5828, Fax 480-606-4361 Web site: www.discounttire.com

Automotive The 750-unit chain operates locations throughout the midstates, southern and western regions of the U.S. The tire dealerships occupy spaces of 8,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years.

Everybody’s Oil Corp. dba Tire Barn Warehouse Christopher Jones PO Box 640 Anderson, IN 46015 765-649-0404, Fax 765-641-7254

Automotive The 29-unit chain operates locations throughout IL, IN and TN. The tire centers occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A vanilla shell is required.

Moran Industries, Inc. dba Mr. Transmission, Milex, Alta Mere, Smartview, Dr. Nick’s and Multistate Jack Yost 4444 West 147th Street Midlothian, IL 60445 888-559-2263, Fax 615-895-9198 Email: jyost@moranindustries.com Web site: www.moranindustries.com

Automotive The 172-unit chain operates locations nationwide. The automotive service centers occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with three, five-year options. Preferred demographics include a population of 50,000 within five miles. Major competitors include AAMCO, Lee Myles and Meineke.

Han Dee Hugos Gene Hammond 3309 Drake Circle Raleigh, NC 27607 919-785-1904

Convenience The 80-unit chain operates locations throughout NC. The convenience stores occupy freestanding locations situated on a land area of 1.2 acres. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run three years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 10,000 within two miles earning $20,000 as the average household income.

Jaco Oil Co. dba Fastrip Food Stores Roy Saunders PO Box 82515 Bakersfield, CA 93380-2515 661-393-7000, Fax 661-393-8738 Email: roys@jaco.com

Convenience The 62-unit chain operates locations throughout AZ, CA and NV. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to acquire sites.

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Dealmakers

June 11, 2010

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Lead Sheet Versent Corp. dba Laser Quest Randy Iaboni c/o Iaboni Real Estate, Inc. 733 7th Street West Palmetto, FL 34221 941-981-5335 Ext. 12, Fax 941-981-5334 Email: randy@iabonirealestate.com Web site: www.laserquest.com

Entertainment The 48-unit chain operates locations nationwide and throughout Canada. The laser tag facilities occupy spaces of 9,700 sq.ft. to 10,000 sq.ft. in freestanding locations and entertainment, power and strip centers. Growth opportunities are sought throughout the northeastern U.S.; CA; Atlanta, GA; Charlotte, NC; Jacksonville, Miami, Orlando and the greater Tampa Bay area of FL and throughout Oakville and Whitby, Canada during the coming 18 months, with representation by Iaboni Real Estate, Inc. Typical leases run 10 years with three, five-year options. Preferred demographics include a population of 250,000 within five miles earning $50,000 as the median household income.

Cash America International, Inc. dba Cash America Kyle Mayberry or Todd Cabanban c/o Zifkin Realty Group, LLC 560 West Washington, Suite 330 Chicago, IL 60661 312-575-8650 Emails: kmayberry@zifkinrealty.com and tcabanban@zifkinrealty.com

Finance The 1,000-unit chain operates locations nationwide and throughout Mexico. The financial service centers occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in downtown and suburban areas. Growth opportunities are sought throughout the Chicago, IL metropolitan area during the coming 18 months, with representation by Zifkin Realty Group, LLC.

Bi-Mart Co. dba Bi-Mart John Harris 220 South Seneca Road Eugene, OR 97402 541-344-0681 Web site: www.bimart.com

General Merchandise The 72-unit chain operates locations throughout ID, OR and WA. The general merchandise stores occupy spaces of 30,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. Preferred cotenants include grocery stores.

Fast-Fix – Jewelry and Watch Repairs Darrell Rubens, Annie Shinn or Michael Gleicher c/o Winick Realty Group, LLC 655 Third Avenue, 8th Floor New York, NY 10017 212-792-2616/2625/2640 Emails: rubens@winick.com, ashinn@winick.com and mgleicher@winick.com Web site: www.winick.com

Jewelry The 160-unit chain operates locations nationwide and throughout Canada. The stores, offering watch and jewelry repairs, ring sizing, engraving and battery replacement, occupy spaces of 300 sq.ft. to 1,000 sq.ft. in downtown areas. Growth opportunities are sought throughout Manhattan and the midtown and downtown areas of New York, NY during the coming 18 months, with representation by Winick Realty Group, LLC.

Cohen’s Fashion Optical Susan Goldberg 516-465-6995, Fax 516-390-2230

Optical The 120-unit chain operates locations throughout CT, FL, MA, NH, NJ, NY and PA. The eyewear centers occupy spaces of 1,000 sq.ft. in regional malls and urban/downtown areas. Growth opportunities are sought throughout select areas within the existing markets during the coming 18 months.

Cutters Mill David DePetris c/o Legend Properties, Inc. 1001 East Hector Street, Suite 120 Conshohocken, PA 19428 610-941-4034 Ext. 5010, Fax 610-941-4038 Email: ddepetris@lpre.com Web site: www.lpre.com

Pet Supplies The four-unit chain operates locations throughout NJ and PA. The stores, offering pet food and supplies, occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in freestanding locations and lifestyle centers. Plans call for two to four openings throughout the Philadelphia, PA metropolitan area during the coming 18 months, with representation by Legend Properties, Inc. Preferred cotenants include Ann Taylor, J. Jill, Talbots, Trader Joe’s, Wegmans, Whole Foods Market and high-end retailers. Preferred demographics include a population of 75,000 within three miles earning $70,000 to $75,000 as the median household income.

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Lead Sheet Auto-Photo Canada, Ltd dba Auto-Photo George Grostern 5778 Royalmount Avenue Montreal, Quebec H4P 1K5 514-731-1637, Fax 514-342-0750 Web site: www.autophoto.ca

Photo The 350-unit chain operates locations throughout Canada. The photo booths occupy spaces of 15 sq.ft. in malls. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run one to five years.

Tietgens Enterprises dba Super Wash Ed Tietgens 707 Brass Center Place Brentwood, TN 37027 615-373-0769, Fax 615-373-7325

Service The two-unit chain operates locations throughout central TN. The car wash facilities occupy spaces of 3,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefers to locate in rural areas with high traffic counts.

Laurie’s Shoes, Inc. dba Laurie’s Shoes Mark Waldman 9916 Manchester Road St. Louis, MO 63122 314-961-7092 Email: mark@lauriesshoes.com Web site: www.lauriesshoes.com

Shoes The seven-unit chain operates locations throughout IL and MO. The shoe stores occupy spaces of 1,000 sq.ft. to 3,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing markets, as well as KS, during the coming 18 months. Typical leases run three to five years. The company prefers to locate in affluent markets.

M & J Shoes, LLC dba Marty’s Shoes John Adams or Gary Kennedy 121 Carver Avenue Westwood, NJ 07675 201-497-6634 Email: shoes@martyshoes.com Web site: www.martyshoes.com

Shoes The 15-unit chain operates locations throughout NJ and NY. The family shoe stores occupy spaces of 6,000 sq.ft. in freestanding locations and specialty and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 years. A vanilla shell and specific improvements are required. Major competitors include DSW, Famous Footwear and department stores.

Omaha Steaks Adam Conviser c/o Conviser Property Group 858 Washington Street, Suite 306 Dedham, MA 02026 781-320-0600 Ext. 21, Fax 617-663-6300 Email: adam@conviserpg.com Web site: www.conviserpg.com

Specialty The 80-unit chain operates locations nationwide throughout 26 states. The stores, offering premium steaks and gourmet foods, occupy spaces of 1,200 sq.ft. in lifestyle centers. Growth opportunities are sought throughout the New England region during the coming 18 months, with representation by Conviser Property Group.

Winestyles Jonathan Tsai c/o InSite Realty Group 200 North Larchmont Boulevard Los Angeles, CA 90004 661-438-5005 Email: jt@insiterg.com Web site: www.insiterg.com

Specialty The 140-unit chain operates locations throughout AL, AK, AZ, CA, CO, FL, GA, IA, ID, IL, IN, LA, MI, MN, MO, NC, NE, NV, OH, OR, SC, TX, VA, WA and WI. The wine boutique shops occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in lifestyle centers. Growth opportunities are sought throughout Los Angeles, Santa Clarita, San Fernando Valley and Ventura counties in CA during the coming 18 months, with representation by InSite Realty Group. Preferred cotenants include health and wellness concepts, national bookstores and coffee shops. Preferred demographics include a trade-area population of 5,000 earning $75,000 as the average household income. The company prefers to locate in areas in close proximity and with strong visibility to interstates, freeways and highways.

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Lead Sheet Hans Christian Toy Stores, Ltd. dba Hans Christian Toys Greg Borys 30 Paramount Road Winnipeg, Manitoba, Canada R2X 2W3 204-633-9776

Toys The toy store operates one location in Manitoba, Canada. The company prefers to occupy spaces of 1,200 sq.ft. to 1,700 sq.ft. in malls. Limited growth opportunities are sought throughout the existing market during the coming 18 months.

Learning Express, Inc. dba Learning Express George Russell 29 Buena Vista Street Devens, MA 01434 978-889-1060, Fax 978-889-1010 Email: george@learningexpress.com Web site: www.learningexpress.com

Toys The 140-unit chain operates locations nationwide. The toy stores occupy spaces of 2,200 sq.ft. to 3,500 sq.ft. in freestanding locations, malls and lifestyle, outlet, power, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include high-volume grocery stores. Preferred demographics include a population of 100,000 within five miles earning $75,000 as the average household income. Major competitors include local toy stores. The company is franchising.

Liberty Travel, Inc. dba Liberty Travel Ron Mollozzi 69 Spring Street Ramsey, NJ 07446 201-934-3525 Web site: www.libertytravel.com

Travel The 165-unit chain operates locations throughout CA, CT, DE, FL; Chicago, IL; MA, MD, NH, NJ, NY, PA, RI, VA and Washington, DC. The travel agencies occupy spaces of 800 sq.ft. to 1,200 sq.ft. in lifestyle centers, regional malls and urban/downtown areas. Plans call for 10 to 15 openings throughout CT, FL, MA, MD, and NY during the coming 18 months. Typical leases run five years. A turnkey is required. Preferred cotenants include casual dining restaurants, Bed Bath & Beyond, Barnes & Noble and Pier 1 Imports.

Dollar Tree Jonathan Wise c/o Real Estate Advisors 3 Turnpike Road South Borough, MA 01772 207-831-2110, Fax 508-481-5801 Web site: www.dollartree.com

Variety The 3,800-unit chain operates locations nationwide. The dollar stores, offering party supplies, seasonal dĂŠcor, candy, food, health and beauty care items, books and general merchandise, occupy spaces of 8,000 sq.ft. to 11,000 sq.ft. in freestanding locations and inline spaces and pad sites of shopping centers. Growth opportunities are sought throughout CT, MA, ME, NH, RI and VT during the coming 18 months, with representation by Real Estate Advisors. The company prefers to locate in high-traffic areas with strong visibility.

Le Superclub Videotron, Ltd. dba Le Superclub Videotron, Jumbo Video and MicroPlay Donald LiZotte 6455 Rue Jean Talon Est Bureau 500 Saint-Leonard, Quebec, Canada H1S 3E8 514-259-6000, Fax 514-259-3232 Email: info@lesuperclub.com

Video The 300-unit chain operates locations primarily throughout Quebec, Canada. The stores, offering videos and video game rentals and sales, in addition to cable and internet services, occupy spaces of 4,000 sq.ft. to 7,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.

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 22

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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 FL, GA, Eastern & Central SC (919) 518-2000 dlewis@rivercrestrealty.com Beverly Keith DE, Western NC, Western SC, TN, VA, WV (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

ACQUISITIONS

Rivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi. Acquisition Requirements: • Grocery / Shadow-Anchored • $5 Million Minimum Deal 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

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

1,526 – 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 & 5,032 SF 2,508 – 8,502 SF 1,225 – 1,452 SF Fully Leased 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 1,552 – 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 3,600 SF 3,002 – 9,014 SF 2,776 SF 1,202 – 5,013 SF

WEST VIrGINIA Princeton

East River Plaza

4,522 & 21,384 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


Home-Related Chains Expand Nationwide (continued from page one)

E.C. Barton & Co. trades as Bartons and Surplus Warehouse at 140 locations throughout AL, AR, FL, LA, MA, MO, MS, NC, NY, OH, RI, SC, TN and TX. The centers, offering building materials, occupy spaces of 25,000 sq.ft. to 35,000 sq.ft. in freestanding locations and strip centers. Limited growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Niel Crowson, E.C. Barton & Co., 2929 Browns Lane, Jonesboro, AR 72403; 870-932-6673, Fax 870972-1304; Web site: www.ecbarton.com.

Home Depot of Canada, Inc. trades as Home Depot at 179 locations throughout Canada. The home improvement centers, offering building supplies, tools, major appliances, flooring, lighting and storage supplies, in addition to outdoor products and furniture, occupy spaces of 60,000 sq.ft. to 100,000 sq.ft. in freestanding locations and power centers. Limited growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Robert Frodyma, Home Depot of Canada, Inc., 1 Concorde Gate, Suite 900, Toronto, Ontario, Canada M3C 4H9; 416-412-4239, Fax 416412-4114.

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

THE SHOPS AT COLONIAL VILLAGE

1-11 Route 27

Intersection of Lincoln Hwy. & Parsonage Rd.

Weiss Realty Co, Inc.

Leasing and Managing Agents

www. jweissrealty.com

Edison, NJ

201-814-1800

For more information regarding leasing retail space, contact Jaime Weiss at 201-615-0474 or Matt Weiss at 917-309-7861. page 24

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Le Creuset of America, Inc. trades as Le Creuset Store and Le Creuset Outlet Store at 50 locations nationwide throughout 25 states. The houseware stores occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in freestanding locations, downtown areas and lifestyle, outlet and specialty centers. Growth opportunities are sought nationwide during the coming 18 months. For more information, contact Cathryn Miller, Le Creuset of America, Inc., 114 Bob Gifford Boulevard, Early Branch, SC 29916; Email: cmiller@lecreuset.com; Web site: www.lcstores.com. Butler Carpet Co. trades as Bob’s Carpet Mart at 14 locations throughout FL. The stores, offering carpet, wood, vinyl, laminate and ceramic flooring, occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding locations. Growth opportunities are sought within a 50- to 60-mile radius from the home office in Clearwater, FL during the coming 18 months. Typical leases run five years with a five-year option. The company is site-selective. For more information, contact Bert Butler, Butler Carpet Co., 10815 U.S. Highway 19 North, Clearwater, FL 33764; 727571-9998, Fax 727-571-3727; Web site: www.bobscarpet.com. Stokes, Inc. trades as Stokes, Fenton Gourmet and Think Kitchen at 114 locations throughout Canada. The stores, offering dinner, flat, stem, drink, serving and barware items, along with fondue sets, coffee and tea, candles and lighting products, occupy spaces of 1,500 sq.ft. to 3,500 sq.ft. in malls and lifestyle, power and specialty centers. Plans call for eight to 12 openings throughout the existing market during the coming 18 months. For more information, contact Stuart Shiveck, Stokes, Inc., 5660 Ferrier Street, Montreal, Quebec, Canada H4P 1M7; 514-341-4334, Fax 514-341-1081; Email: sshiveck@stokesstores.com; Web site: www.stokesstores.com. Mead Lumber Co., Inc. trades as Mead Building Centers at 17 locations throughout CO, KS, NE, OK and WY. The home improvement centers occupy spaces of 12,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Craig Bradshaw, Mead Lumber Co., Inc., 2218 11th Street, Columbus, NE 68601; 402564-5225, Fax 402-564-9948; Web site: www.meadlumber.com. DM


Space Place

FO

R LE

AS

E

FOR

FOR

E

LEAS

E

LEAS

FOR LEASE

Arizona

California

Colorado

Phoenix – An 8,400 sq.ft. freestanding building located on West Camelback Road is available. The asking rent is $9.95 psf. Tucson – A 1,400 sq.ft. freestanding building located on Oracle Road is available. The asking rent is $13 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.

2202; Email: todd@illicre.com; Web site: www.illicre.com. For additional details regarding the Northridge property, contact Mike Payne; 818-501-2212 Ext. 108; Email: mike@illicre.com. For additional details regarding the Simi Valley property, contact Danny Raffle; 818-501-2212 Ext. 102; Email: danny@illicre.com.

of U.S. Highway 550 and U.S. Highway 160, has spaces available of 1,161 sq.ft.; 2,567 sq.ft. and 7,154 sq.ft. along with outlots of 18,200 sq.ft. and 28,000 sq.ft. JCPenney, Bealls, Sears, Bed Bath & Beyond and Pier 1 Imports anchor the center. Cotenants include Bath & Body Works, PacSun, Christopher & Banks, Claires, Famous Footwear, GNC, Kay Jewelers, Regis, Zumiez, Maurices and Vanity. Area retail includes Walmart and Home Depot. Area demographics include a population within 10 miles earning $61,547

Colorado Durango – Durango Mall, a 235,000 sq.ft. mall situated on 20 acres at the intersection

(continued on page twenty-six)

Arkansas Paragould – Town West Shopping Center, a 143,828 sq.ft. strip center located along Kings West Highway, has spaces available of 852 sq.ft., 2,500 sq.ft. and 2,840 sq.ft. Cotenants include Belk, Dollar Tree, Wings to Go, Rent-A-Center, PostNet, Payless ShoeSource, RadioShack and Country Mart. Area retail includes Lowe’s Home Improvement and Walmart Supercenter. Area draws include Arkansas State University. Area demographics include a population of 40,523 within five miles earning $39,148 as the median household income. The average daily traffic count is 23,000 vehicles. For details, contact Louise Jennings, Real Estate Southeast, LLC, PO Box 681955, Prattville, AL 36068; 866283-5516, Fax 334-491-6210; Email: louise@realestatesoutheast.com; Web site: www.realestatesoutheast.com.

California Northridge – A center located along Reseda Boulevard has a 1,500 sq.ft. freestanding restaurant building available. CVS and Burger King anchor the center. Area retail includes Vallarta Supermarket. Area demographics include a population of 599,877 within five miles earning $75,407 as the average household income. Simi Valley – Woodlands Plaza, located along East Los Angeles Avenue, has a 1,200 sq.ft. restaurant space available. Vons anchors the center. Area retail includes Yolanda’s Mexican Grill, Subway, Goodwill Industries, H&R Block, Chase Bank, Frazee and Fantastic Sams. Area demographics include a population of 13,886 within one mile earning $83,508 as the average household income. For details, contact Todd Nathanson, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 Ext. 101, Fax 818-501-

Our team will guide you through… Meislik & Meislik is a team of experts, knowledgeable in all aspects of retail real estate law, from the straightforward to the most complex. Commercial property owners, investors, lenders, and tenants—locally and nationally— count on us to get them through the maze of retail real estate transactions.

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

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as the average household income. The average daily traffic count is 46,000 vehicles. For details, contact Ken Garagiola, Century 4 Retail Advisors, 8 Jackson Drive, Egg Harbor Township, NJ 08234; 609-926-1785, Fax 609-926-1785; Email: kgaragiola@comcast.net; Web site: www.century4.com.

Florida Rockledge – Freestanding buildings of

Florida

Florida

2,400 sq.ft. and 26,260 sq.ft. located on Bougainvillea Drive are available. The asking rent is $9.75 psf for the 2,400 sq.ft. space and $4 psf for the 26,260 sq.ft. space. Tampa – A 1,711 sq.ft. freestanding building located on West Kennedy Boulevard is available. The asking rent is $12 psf. Also, a 6,500 sq.ft. freestanding building located on East Fowler Avenue is available. The asking rent is $11.50 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. Tampa – Colony Crossings, a 117,176 sq.ft. strip center located at the intersection of Hillsborough Avenue and Elliot Drive, has a 42,216 sq.ft. space available along with two spaces of 9,505 sq.ft. Cotenants include Shapes Family Fitness, Boost Mobile and Pinch-A-Penny. For details, contact Scott Myers, Commercial Real Estate, LLC, PO Box 811030, Boca Raton, FL 33481; 561-414-5552, Fax 866941-6704; Email: info@scottmeyers.net; Web site: www.commercialrealestatellc.com.

Georgia Acworth – Acworth Avenue Shops has spaces available from 1,400 sq.ft. to 2,800 sq.ft. Cotenants include Subway, GameStop and Sport Clips. Area demographics include a population of 41,000 within three miles. Calhoun – Indian Hills has spaces available from 1,200 sq.ft. to 10,760 sq.ft. Cotenants include Goody’s, Tractor Supply Co. and Ingles. Area demographics include a population of 15,000 within three miles. Carrollton – Tower Plaza has spaces available from 1,200 sq.ft. to 47,990 sq.ft. Cotenants include Family Dollar, Colortyme and Subway. Area demographics include a population of 22,000 within three miles. Columbus – Fountain Park has spaces available from 1,200 sq.ft. to 8,450 sq.ft. Cotenants include Winn-Dixie and T.J. Maxx. Area demographics include a population of 73,000 within three miles. Cornelia – Habersham Village has spaces available from 780 sq.ft. to 1,620 sq.ft. Cotenants include Kmart and Big Lots. Area demographics include a population of 11,000 within three miles. LaFayette – LaFayette Center has spaces available from 1,200 sq.ft. to 40,822 sq.ft. Cotenants include Farmers Home Furnishings. Area demographics include a population of 8,000 within three miles. Lilburn – Lilburn Corners has spaces available from 1,040 sq.ft. to 5,440 sq.ft. Cotenants include Publix and Bealls Outlet. Area demographics include a population of 81,000 within three miles. Madison – Beacon Heights has spaces available from 2,369 sq.ft. to 32,000 sq.ft. Cotenants include Peebles and Hibbett Sporting Goods. Area demographics include a population of 3,000

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Illinois

Illinois

within three miles. Roswell – Mountain Park Plaza has spaces available from 1,050 sq.ft. to 8,640 sq.ft. Cotenants include Publix. Area demographics include a population of 53,000 within three miles. Snellville – Mountain View Village has spaces available from 1,120 sq.ft. to 3,360 sq.ft. Cotenants include Kroger and Lenscrafters. Area demographics include a population of 60,000 within three miles. For details regarding the Roswell and Snellville properties, contact Jamie Pearson, Phillips Edison & Co.; 770-355-0954; Email: jpearson@phillipsedison.com; Web site: www.phillipsedison.com. For details regarding the remaining properties, contact Joe Schlosser; 513-618-4450; Email: jschlosser@phillipsedison.com.

space available. Dominick’s and Michaels anchor the center. Niles – Golf Glen Mart, located at the intersection of Golf Road and Dee Road, has a divisible 12,000 sq.ft. outlot available for a build-to-suit. 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.

Emails: lweiselberg@kinproperties.com, mmakler@kinproperties.com and gshapiro@kinproperties.com; Web site: www.kinproperties.com.

Illinois Downer’s Grove – Marshalls at the Grove, a 400,000 sq.ft. center located at the intersection of 75th Street and Lemont Road, has an anchor space available. Matteson – Matteson Plaza, a 276,444 sq.ft. center located at the intersection of Lincoln Highway and Governor’s Highway, has an anchor

Lincolnwood – An 8,000 sq.ft. freestanding building located on North Lincoln Avenue is available. The asking rent is $13 psf. Mundelein – A 4,860 sq.ft. space located on South Lake Street is available. The asking rent is $10 psf. Palos Heights – A 5,400 sq.ft. freestanding building located on South Harlem Avenue is available. The asking rent is $13 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;

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Kentucky Louisville – Shelbyville Road Plaza, a 390,000 sq.ft. power center located at the intersection of Interstate 264 and U.S. Highway 60, has spaces available from 1,300 sq.ft. to 12,000 sq.ft. along with two spaces of 35,000 sq.ft. Borders, Cost Plus World Market, Off Broadway Shoes, Jo-Ann Fabrics and Feeders Supply anchor the center. Cotenants include Buffalo Wild Wings, Jason’s Deli, U.S. Postal Service, Catherines, Beauty First, The Vitamin Shoppe and Verizon Wireless. Area retail includes Mall St. Matthews and Oxmoor Center. Area demographics include a population of 222,800 within five miles earning $75,698 as the average household income. The average daily traffic count is 68,500 vehicles. For details, contact Tommy Edwards, Hagan Properties, 12949 Shelbyville

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Real Estate Professionals Making the News The Rappaport Cos. (571-382-1200) hired Michael Kang as a leasing representative. He will provide both landlord and tenant representation services. Prior to joining the company, Kang owned and managed several retail businesses, including an educational tutoring facility, a fitness center, a franchise coffee shop and a grocery store. The company owns and develops shopping centers and provides retail leasing, tenant representation, property and construction management, development, consulting and receivership services for retail space in shopping and mixed-use centers throughout the Baltimore, MD; Richmond, VA and Washington, DC areas. NAI Emory Hill (302-322-9500 or 888-3229502) has completed its merger with Jim O’Hara Realty, LLC to form NAI Emory Hill|Retail Division. Jim O’Hara Realty has been a wholly-owned subsidiary of Emory Hill since January of 2008. The company is a division of Emory Hill Cos. and provides construction, property management and maintenance services to regional businesses and brokerage and finance services throughout the mid-Atlantic region of the U.S. Terramar Retail Centers (949-916-7828) named Glenn S. Rosen as vice president, leasing, and Sarah Blaylock as a leasing representative. Rosen will be responsible for overseeing the company’s leasing department. Prior to joining the company, Rosen held senior-level leasing positions with The Stitzel Co., Madison Marquette Retail Services and CenterCal Properties, LLC. Blaylock will be responsible for the company’s shopping centers throughout northern CA. Prior to joining the company, she served as a retail and restaurant leasing specialist for Retail West, Inc. The company is a privately-held commercial investment, management and development firm. Morrison & Foerster, LLP (212-262-7484) named Brett Miller as co-chair of the company’s distressed real estate group. He joins Mark Edelstein and James Hough as managers of the team of bankruptcy, real estate, litigation, tax and corporate lawyers. NAI Global (609-945-4000) formed a special asset solutions group earlier this year. The group, led by executive vice president Rhyne Brown, will work to assist clients with financially-distressed real estate assets and will offer loan sale, loan restructuring, asset management, property management, receivership, due diligence, valuation, leasing and disposition services. DM page 28

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Road, Suite 101, Louisville, KY 40243; 502-245-8800, Fax 502-245-7747; Email: tommy@haganmail.com; Web site: www.haganpropertiesinc.com.

Louisiana Lake Charles – East Town Shopping Center, a 65,636 sq.ft. strip center, has spaces available of 2,700 sq.ft. and 5,990 sq.ft. Market Basket anchors the center and cotenants include Family Dollar, Rent-A-Center, Hair Star and CitiTrends. Area demographics include a population of 156,172 within 10 miles. The asking rent is $6 psf with CAM of $0.33 psf and taxes of $0.27 psf. For details, contact Chrisa Atkins, Albanese Cormier Holdings, LLC, PO Box 12410, Beaumont, TX 77726; 409892-0200, Fax 409-892-0209; Email: chrisa@albaneseinvestments.com; Web site: www.albanesecormier.com.

Maryland Bel Air – Campus Hills Shopping Center, a 181,086 sq.ft. strip center situated on 23 acres at the intersection of Churchville Road and Campus Drive, has spaces available of 1,500 sq.ft.; 3,240 sq.ft. and 8,400 sq.ft. Food Lion, Gardiners Furniture and Dollar General anchor the center. Area demographics include a population of 61,981 within five miles earning $96,094 as the average household income. The average daily traffic count is 19,000 vehicles. For details, contact Nicholas Forelli, Rosen Associates Management Corp., 33 South Service Road, Jericho, NY 11753; 516-281-1532, Fax 516-281-1562; Email: nforelli@rosenmgmt.com.

Michigan Livonia – Office Depot Plaza, a 108,820 sq.ft. center located at the intersection of Plymouth Road and Middlebelt Road, has space available. Office Depot, Party City and Walgreens anchor the center. Muskegon – Muskegon Shopping Center, a 187,000 sq.ft. center located at the intersection of Henry Street and Norton Avenue, has anchor space available. Port Huron – Port Huron Shopping Center, a 118,000 sq.ft. center located at the intersection of Howard Street and 24th Street, has anchor space available along with an outlot. Big Lots, Save-A-Lot and Family Dollar anchor the center. Redford – Redford Plaza, a 114,865 sq.ft. center located at the intersection of Plymouth Road

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Michigan and Inkster Road, has anchor space available along with an outlot. CVS anchors the center. Saginaw – Saginaw Square, a 94,891 sq.ft. center located at the intersection of Tittabawasse Road and Bay Road, has anchor space available. Target, Jo-Ann Fabrics and Staples anchor the center. Sandusky – Kmart Shopping Center, a 176,248 sq.ft. center located at the intersection of M-19 and Gates Road, has anchor space available. Southgate – A 60,800 sq.ft. freestanding building located at the intersection of Fort Street and Burns Avenue is 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.

Mississippi Clinton – Cedar Place Shopping Center, a 22,716 sq.ft. specialty center, has spaces available of 1,420 sq.ft.; 1,440 sq.ft. and 1,620 sq.ft. Mazzio’s Pizza anchors the center and cotenants include Cutting Edge Salon, Chase Wines, Chubby Cubby, Advance America and Metro Printers. Area demographics include a population of 184,985 within 10 miles earning $47,075 as the average household income. The asking rent is $12 psf with CAM of $1.13 psf and taxes of $1.19 psf. Hazelhurst – Copiah Trade Center, a 63,278 sq.ft. strip center, has spaces available of 2,550 sq.ft. and 30,728 sq.ft. Cotenants include Fred’s, CitiTrends, Family Dollar and Bumpers. Area demographics include a population of 19,556 within 10 miles earning $33,160 as the average household income. The asking rent ranges from $5 psf to $8 psf with CAM of $0.18 psf and taxes of $0.55 psf. Koscuisko – Parkway Plaza, an 80,305 sq.ft. strip center, has spaces available of 1,200 sq.ft. and 3,000 sq.ft. CitiTrends and Dollar General anchor the center. Cotenants include Check Advance, Beauty Mart, Shoe Show, Cato and Lovely Nails. Area demographics include a population of 16,167 within 10 miles earning $34,398 as the average household income. The asking rent ranges from $5 psf to $9 psf with CAM of $0.43 psf and taxes of $0.48 psf. For details, contact Chrisa Atkins, Albanese Cormier Holdings, LLC, PO Box 12410, Beaumont, TX 77726; 409892-0200, Fax 409-892-0209; Email: chrisa@albaneseinvestments.com; Web site: www.albanesecormier.com. (continued on page thirty)


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Trenton – Eastgate Shopping Center, an 84,050 sq.ft. strip center, has spaces available of 5,310 sq.ft.; 15,000 sq.ft. and 16,080 sq.ft. Save-A-Lot and Dollar General anchor the center. Cotenants include Mr. Movies, China Buffet, Collins Rental, Girlfriends Boutique and Smoker’s Outlet. The asking rent ranges from $6 psf to $9 psf with CAM of $0.28 psf and taxes of $0.33 psf. For details, contact Chrisa Atkins, Albanese Cormier Holdings, LLC, PO Box 12410, Beaumont, TX 77726; 409892-0200, Fax 409-892-0209; Email: chrisa@albaneseinvestments.com; Web site: www.albanesecormier.com.

New Jersey Brick – Brick Center Plaza has a divisible space of 12,500 sq.ft. available. Best Buy and Bed Bath & Beyond anchor the center. Cinnaminson – Cinnaminson Shopping Center has a divisible 7,600 sq.ft. former Sleepy’s and a divisible 72,000 sq.ft. space available. Clementon – Marketplace at Chews Landing has a divisible space of 5,000

New Jersey

New Jersey

sq.ft. available. ShopRite and Ace Hardware anchor the center. Mays Landing – Festival at Hamilton has a divisible space of 3,250 sq.ft. available. Acme, Jo-Ann Fabrics and Pier 1 Imports anchor the center. Mt. Laurel – Village at Cambridge Crossing has a 1,200 sq.ft. endcap available. Cotenants include LA Fitness, Borders and Ann Taylor Loft. Ocean – A divisible 12,000 sq.ft. space located on Route 35 is available. Area retail includes Raymour & Flanigan. Toms River – Tri City Plaza has a divisible 4,500 sq.ft. endcap available along with a 4,100 sq.ft. restaurant space. Turnersville – Ganttown Plaza has a divisible 23,000 sq.ft. space available. Westmont – Westmont Plaza has a divisible 6,000 sq.ft. endcap available. Cotenants include Superfresh and Party Fair. For details, contact Nicole Johnson, Paramount Realty Services, Inc.; 732-9618123; Email: njohnson@prs-nj.com; Web site: www.prs-nj.com.

of 45,000 sq.ft. and a divisible pad site of 6,000 sq.ft. available. Kohl’s and Raymour & Flanigan anchor the center. Cotenants include Party City and Citizens Bank. Area retail includes Walmart, Rite Aid, Walgreens, Apple, Bed Bath & Beyond, Staples, Burlington Coat Factory, Acme, ShopRite, A.C. Moore, GameStop, Wawa, Target, Macy’s, Domino’s, JCPenney and Home Depot. Area demographics include a population of 146,005 within five miles earning $92,591 as the average household income. The average daily traffic count is 42,000 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.

Voorhees – Coopers Plaza, a 173,000 sq.ft. center located at the intersection of Route 73 and Cooper Road, has a divisible space

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

Warren Township – Warren Village Center, a 61,000 sq.ft. center, has space available. King’s Supermarket anchors the center. Washington Township – The Village Shoppes

   (continued on page thirty-two)

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Retail

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Office • Industrial • Commercial • Buildings

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10 to 15 Year Lease Term

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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

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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 of 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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at Hawk Pointe has space available. ShopRite anchors the center. For details, contact Silbert Realty & Management Co., Inc.; 908-604-6900, Fax 908604-2030; Email: info@silbertrealestate.com; Web site: www.silbertrealestate.com.

New York Hudson Falls – Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. New Paltz – Spaces from 1,000

New York

New York

sq.ft. to 6,000 sq.ft. are available along with outlots. Poughkeepsie – 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.

For details, contact Helen Vitaliano, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 718-980-7684, Fax 919-4240001; Email: helenvitaliano@si.rr.com; Web site: www.rivercrestrealty.com.

Staten Island – Coral Island Shopping Center has spaces available from 1,500 sq.ft. to 5,000 sq.ft. Also, Tottenville Square has spaces available from 1,164 sq.ft. to 8,002 sq.ft.

Fayetteville – Sycamore Square, a 273,000 sq.ft. strip center, has spaces available of 9,500 sq.ft.; 17,205 sq.ft. and 17,500 sq.ft. Cotenants include USA Discounters, CitiTrends, Gold’s Gym and Food Lion. Area demographics include a population of 141,096 within five miles earning $50,427 as the average household income. 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.

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North Carolina

Raleigh – Millbrook Collection has spaces available from 1,227 sq.ft. to 1,452 sq.ft. Shelby – Creekside Plaza has a 3,115 sq.ft. space available. Smithfield – Smithfield Plaza has spaces available of 1,514 sq.ft. and 3,023 sq.ft. Southport – Tidewater Plaza has a 3,020 sq.ft. space available. Taylorsville – Spaces from 1,211 sq.ft. to 8,537 sq.ft. are available. Winston-Salem – Hanes Commons has spaces available from 1,117 sq.ft. to 18,294 sq.ft. For details, contact Nicholas Schuman-Werb 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.

Pennsylvania Washington – Jefferson Court Plaza, a 149,406 sq.ft. strip center, has spaces available of 800 sq.ft. and 2,000 sq.ft. For details, contact Jim Barger, J&A, LP, 55 Scott Avenue, Morgantown, WV 26508; 304-225-7141, Fax 304-292-3876; Email: jim.barger@gabes.net.

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Wyncote – Cedarbrook Plaza, a 600,000 sq.ft. power center located on Cheltenham Avenue, has spaces available of 1,400 sq.ft.; 3,200 sq.ft. and 8,500 sq.ft. Walmart, Pathmark, Toys “R” Us and Ross Dress for Less anchor the center. Cotenants include K&G Superstore, A.J. Wright, Joyce Leslie and Bally’s Total Fitness. Area demographics include a population of 477,000 within five miles earning $70,000 as the (continued on page thirty-four)

page 32

June 11, 2010

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Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you:

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average household income. The average daily traffic count is 21,000 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.

South Carolina Charleston – Brentwood Plaza, a 79,000 sq.ft. center, has spaces available from 1,200 sq.ft. Area demographics include a population of 130,702 within five miles earning $47,527 as the average household income. The average daily traffic count is 28,000 vehicles. Columbia – High Point on Decker Shopping Center, a 50,143 sq.ft. center, has spaces available from 1,300 sq.ft. Area demographics include a population of 116,660 within five miles earning $64,130 as the average household income. Also, Bush River Shopping Center, a 65,000 sq.ft. center, has spaces available from 3,587 sq.ft. Area demographics include a population of 220,508 within seven miles earning $53,813 as the average household income. The average daily traffic count is 19,000 vehicles. Easley – Easley Village Shopping Center, a 158,000 sq.ft. center, has spaces available

South Carolina

Texas

from 1,380 sq.ft. Area demographics include a population of 45,978 within five miles earning $60,212 as the average household income. The average daily traffic count is 38,000 vehicles. Orangeburg – Edisto Village Shopping Center, a 109,668 sq.ft. center, has spaces available from 1,000 sq.ft. Area demographics include a population of 37,193 within five miles earning $48,911 as the average household income. For details, contact Malon D. Mimms Co., 85-A Mill Street, Suite 100, Roswell, GA 30075; 866-616-4667; Web site: www.mimms.org.

Staples and Bealls. Area retail includes Lowe’s Home Improvement. Area demographics include a population of 46,750 within 10 miles earning $48,625 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.

Tennessee Cookeville – Cumberland Station has spaces available of 895 sq.ft. and 3,000 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.

Texas Nacogdoches – A 332,103 sq.ft. center has space available. Walmart Supercenter anchors the center and cotenants include

Spring – A 20,000 sq.ft. freestanding building and a 1.5-acre parcel located along Interstate 45 North are available. For details, contact Dan Braun, Braun Enterprises, 1407 West Clay Street, Houston, TX 77019; 713-541-0066 Ext. 22, Fax 713541-0661; Email: dan@braunenterprises.com; Web site: www.braunenterprises.com.

Virginia Henrico County – The Shoppes at Westgate, a 50,000 sq.ft. center located at the intersection of Lauderdale Drive and West Broad Street, has a divisible space of 4,124 sq.ft. available. Cotenants include Starbucks, Panera Bread, Jos. A. Bank, The Mixing Bowl Bakery, Tweed, Bertucci’s, Park Avenue Dog Boutique, 3 Sports and Monkee’s. Area retail includes Short Pump Town Center, featuring Nordstrom, (continued on page thirty-six)

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. DeMOGRaPHiCS (5–Mile Radius)

aNCHORS

Population: 78,592 Average Household Income: $148,008 Median Household Income: $114,587 CURReNT TeNaNTS Great Clips

Quiznos

PNC Bank

Dunkin’ Donuts Edward D. Jones

The UPS Store Radio Shack

Hallmark and more…

Chris Hanington 609-921-6234 chaningtonprinceton.shoppingcenter@verizon.net www.princetonshoppingcenter.com page 34

June 11, 2010

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Dillard’s and Macy’s. Area demographics include a population of 124,000 within five miles earning $94,882 as the average household income. The average daily traffic count is 68,000 vehicles. Richmond – White Oak Village, a 900,000 sq.ft. mixed-use center located at the intersection of Interstate 64 and Laburnum Avenue, has space available along with a divisible 45,000 sq.ft. anchor space and outlots of 1.41 acres and 1.5 acres. Lowe’s Home Improvement, Sam’s Club, JCPenney and Target anchor the center. Cotenants include OfficeMax, Ukrop’s, Famous Footwear, Dollar Tree, Petco, GameStop, Payless ShoeSource, dressbarn, AT&T Mobility, Great Clips, GNC, Dots, Wachovia, Verizon Wireless, Red Lobster, McAlister’s Deli, Tropical Smoothie Café, Starbucks, CiCi’s Pizza, Olive Garden and Longhorn Steakhouse. Area demographics include a trade-area population of 182,607 earning $70,321 as the average household income. The average daily traffic count is 35,000 vehicles. Suffolk – Harbour View Marketplace, a 300,000 sq.ft. open-air center located at the intersection of Town Point Road and Harbour View Boulevard, has space available. Harris Teeter and Regal Cinemas anchor the center. Area demographics include a population of 103,585 within five miles earning $68,074 as

Virginia

Washington

the median household income. For details regarding the Henrico County property, contact Jim Ashby, Thalhimer Commercial Real Estate, Exchange Place, 1313 East Main Street, Suite 400, Richmond, VA 23219; 804-697-3455; Email: jim.ashby@thalhimer.com. For details regarding the Richmond property, contact Connie Jordan Nielsen; 804-697-3569; Email: connie.nielsen@thalhimer.com. For details regarding the Suffolk property, contact Kevin O’Keefe, Natalie Hucke or Sharon Ryals-Taylor; 757-499-2790 or 757-2134142/4145; Emails: kevin.okeefe@thalhimer.com, natalie.hucke@thalhimer.com and sharon.ryals-taylor@thalhimer.com.

sq.ft. strip center located at the intersection of 22nd Avenue and Nob Hill Boulevard, has an 1,864 sq.ft. space available. Cotenants include Maly’s. Area retail includes Safeway and Rite Aid. Area demographics include a population of 81,461 within three miles earning $52,460 as the average household income. The average daily traffic count is 26,500 vehicles. The asking rent is $12 psf with CAM and taxes of $3.52 psf. For details, contact Michael R. Bradley, Bradley Commercial Real Estate, 16855 Woodinville-Redmond Road, Woodinville, WA 98072; 425482-1716, Fax 425-482-1887; Email: mike.bradleycomrealestate@verizon.net; Web site: www.bradleycommercialrealestate.com.

Washington Auburn – Auburn Court 2, a strip center located on Auburn Way North, has a divisible 3,403 sq.ft. space available. Cotenants include Cycle Gear, Check Into Cash and South Sound Printing. Area retail includes Auburn North Mall. Area demographics include a population of 90,712 within five miles earning $47,270 as the average household income. The average daily traffic count is 18,256 vehicles. The asking rent is $13 psf with CAM and taxes of $4.34 psf. Yakima – Martin-Rutledge Building, a 6,545

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June 11, 2010

courtelis company LiceNSed ReAL eSTATe BRokeR

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West Virginia St. Albans – St. Albans Center, a 230,000 sq.ft. center located at the intersection of Route 60 and MacCorkle Avenue Southwest, has space available. Kmart, Super Kroger, Peebles and CVS 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: D M www.rdmanagement.com.


2010 IcSc

New york, Ny

december 6-7, 2010 The December 10th issue, distributed at the New York National Conference in New York, NY, delivers your advertising message to the real decision makers. Our readers respond and our advertisers get results.

Place your ad in the Pre-Show, Show and Post-Show issues and at no extra cost, receive:

SET THE STAGE Book appointments in advance by placing your ad in The Dealmakers November 26th pre-show issue, telling everyone you’re ready to make deals!

• Placement on THE DEALMAKERS “A” LIST • 55,000+ decision makers will be emailed • 500,000+ real estate pros view your ad at www.dealmakers.net

MAKE A STATEMENT Your ad will be hand-delivered to every attendee’s hotel room and The Dealmakers December 10th show issue gets exposure on the show floor! FOLLOW UP In addition to powerhouse companies that read The Dealmakers every week, the December 17th post-show issue is mailed to attendees — giving you added exposure!

For more INFormatIoN, coNtact alySoN Parker at 1-800-732-5856 Sizes Full Page 2/3 Page 1/2 Page 1/3 Page 1/4 Page Rates $1,495 $1,040 $800 $550 $475 * Prices are for black and white. Contact us for color pricing.

1/8 Page $310


Most Valuable Players 10 Spot.................................................................................... Pg. 26

McCollom Realty, Ltd.............................................................. Pg. 36

AmCap, Inc............................................................................... Pg. 7

Mehlich Associates.................................................................. Pg. 34

Arco........................................................................................ Pg. 39

Meislik & Meislik Retail Real Estate Law.................................. Pg. 25

AutoZone................................................................................ Pg. 17

NAI Daus................................................................................ Pg. 10

Bastrop Economic Development Corp..................................... Pg. 30

New England Retail Properties, Inc.......................................... Pg. 14

Bob Bassel Realties, Inc........................................................... Pg. 30

Nielsen...................................................................................... Pg. 6

Cedar Shopping Centers, Inc................................................... Pg. 40

Princeton Shopping Center...................................................... Pg. 34

Courtelis Co............................................................................ Pg. 36

Rivercrest Realty Investors....................................................... Pg. 23

Cullinan Properties, Ltd........................................................... Pg. 16

Royal Properties, Inc. . ............................................................ Pg. 11

Dealmakers, The........................................................ Pgs. 32, 35, 37

Stuart Makler & Associates, Inc................................................ Pg. 18

DJM Realty................................................................................ Pg. 5

TenantSearch........................................................................... Pg. 33

Equity One................................................................................ Pg. 9

TKO Real Estate Advisory Group, Inc. .................................... Pg. 15

Karpoff Affiliates, LLC.............................................................. Pg. 13

Tulepan Management, LLC...................................................... Pg. 31

Kay Realty Services, LLC.......................................................... Pg. 27

Weiss Realty Co., Inc. . ........................................................... Pg. 24

LMS Commercial Real Estate................................................... Pg. 29

Winick Realty Group, LLC......................................................... Pg. 2

Longview Economic Development Corp.................................. Pg. 12

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Us.

Prime Corner Locations While others are sitting on the sideline, we’ve never left the game. To get started, we’ll need: Fee sites Hard corners 30,000 cars per day

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

Lot size: 30 - 50K sq. ft.

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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Dealmakers Magazine | June 11, 2010