Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXX No. XXIII
June 19, 2015
FEATURING HOME-RELATED CHAINS EXPAND RTA Furniture Distributors, Inc. trades as Just Cabinets Furniture & More at 15 locations throughout DE, MD, NJ and PA. The stores, offering home furnishings and cabinetry, occupy spaces 18,000 sq.ft. in outlet, strip and value centers. Growth opportunities are sought throughout MD, NJ and PA during the coming 18 months. Preferred cotenants include T.J. Maxx, Marshalls, DSW and Ulta. Preferred demographics include a trade area population earning $75,000 as the average household income. Major competitors include Home Depot, Value City Furniture and regional furniture retailers. For more information, contact Ted Bernstein, RTA Furniture Distributors, Inc., 5500 Linglestown Road, Harrisburg, PA 17112; 717-540-5500, Fax 717-526-6120; Email: tedbernstein@justcabinets.com; Web site: www.justcabinets.com. Kitz & Pfeil Hardware Co. trades as Kitz & Pfeil True Value at five locations throughout WI. The home improvement stores occupy spaces of 15,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought within a 50-mile radius of OshKosh, WI during the coming 18 months. The company prefers to acquire sites. For more information, contact Jim Stapel, Kitz & Pfeil Hardware Co., 427 North Main Street, OshKosh, WI 54901; 920-236-3340; Web site: www.kitzandpfeil.com.
Marburn Stores, Inc. trades as Marburn Curtains at 14 locations throughout NJ and Long Island, NY and PA. The stores, offering window treatments, bedroom and bathroom items, as well as kitchen products, occupy spaces of 6,500 sq.ft. to 7,500 sq.ft. in freestanding locations, power, specialty and strip centers. Growth opportunities are sought throughout NJ, NY and PA during the coming 18 months. Preferred cotenants include Home Depot, T.J. Maxx, Marshalls, HomeGoods, Lowes Home Improvement, Walmart and Pier 1 Imports. For more information, contact Ed Hund, Marburn Stores, Inc., 13-A Division Street, Fairview, NJ 07022; 201-943-0222, Fax 201943-1267; Web site: www.marburn.com. R.P. Lumber Co., Inc. trades as R.P. Lumber at 57 locations throughout IL and MO. The facilities, offering building materials and home improvement products, occupy freestanding buildings of at least 10,000 sq.ft. on land areas of at least 1.5 acres. Growth opportunities are sought throughout the Midwestern region of the U.S. during the coming 18 months. For more information, contact Jason Plummer, R.P. Lumber Co., Inc., 514 East Vandalia Street, Edwardsville, IL 62025; 618-655-7978, Fax 618655-7988; Email: jason.plummer@rplumber.com; Web site: www.rplumber.com. (continued on page thirteen)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 44,118 locations with plans to open 2,693 sites • Real estate valued in excess of $179 million to be bought, sold & financed • Leasing activity on over 7.1 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T IT R D
IMPO SE EXPE PLEA
NATIONAL FOCUS New Construction MPV Properties, LLC plans late 2017 opening for NC mixed-use development.............................. Pg. 4 Buyers and Sellers Broad Reach Retail Partners, LLC acquires Kroger Marketplace anchored shopping center.......... Pg. 5 Who’s Opening and Where Kirkland’s plans to open up to 40 stores.......................................... Pg. 6 Kohl’s launches Off Aisle by Kohl’s......................................... Pg. 6 Food Chains Expand Culvers to enter GA and OK....... Pg. 7 The Habit Burger Grill to enter six states with up to 28 openings Pg. 7 Exclusives and Tenant Reps KB Real Estate representing Sproing Sport.............................. Pg. 8 Lease Signings Katz & Associates inks deal with Retro Fitness............................... Pg. 8 Lead Sheet Hy-Vee Drugstore expanding into IL, KS, MN, MO, SD and WI Pg. 10 Retro Fitness focused on 14 states for growth opportunities.... Pg. 11 Games Workshop continues national growth.......................... Pg. 11 Making the News Cullinan Properties taps leasing talent.......................................... Pg. 13 Sources of Financing RCG Longview negotiated acquisition financing for site in New York, NY............................ Pg. 13 Space Place................................ Pg. 14