Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXIX No. XXXVIII
October 10, 2014
FEATURING HOME-RELATED CHAINS EXPAND NATIONWIDE Hom Furniture operates 16 locations throughout IA, IL, MN, ND, SD and WI. The home furnishings stores occupy spaces of at least 40,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the northern region of the U.S. during the coming 18 months. The company will consider sites larger than 40,000 sq.ft. and will also consider locating in distressed retail sites. For more information, contact Mike Brady, HOM Furniture, 10301 Woodcrest Drive Northwest, Coon Rapids, MN 55433; 763-767-3771, Fax 763-767-3760; Email: brady@homfurniture.com; Web site: www.homfurniture.com. Kirkland’s, Inc. trades as Kirkland’s at 335 locations nationwide in 35 states. The stores, offering home furnishings, housewares, gifts and home décor items, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding locations, power and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run five years. A raw shell and specific improvements are required. Preferred cotenants include Bed Bath & Beyond, Target, Marshalls and T.J. Maxx. A land area of one acre is required for freestanding locations. For more information, contact Sarah Dickerson, Kirkland’s, Inc., 615-872-4840, Fax 615-8724902; Email: sarah.dickerson@kirklands.com; Web site: www.kirklands.com.
Sears Hometown and Outlet Stores, LLC trades as Sears Hometown Stores at 980 locations nationwide, in addition to Puerto Rico and Brazil. The home improvement stores, offering appliances, tools, lawn and garden products, fitness equipment, windows and floor coverings, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding locations, power, specialty, strip and value centers. Plans call for 25 openings nationwide during the coming 18 months. Typical leases run five years with multiple, five-year options. A vanilla shell is required. Preferred cotenants include grocery stores and women’s apparel retailers. The company will also consider sites in rural and suburban areas and in second-generation spaces. For more information, contact Jackie Adams, Sears Hometown and Outlet Stores, LLC, 6259 Braidwood Way, Acworth, GA 30101; 678-5245062; Email: jacalynn.adams@shos.com; Web site: www.ownasearsstore.com. McCormick Paint Works Co. Inc. trades as McCormick Paints at 25 locations throughout MD, VA, DE and Washington, DC. The stores, offering paints and related supplies and services, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the Richmond, VA market during the coming 18 months. Typical leases run five years. Major competitors include Ben Moore, Sherwin-Williams and Duron. (continued on page twenty)
THIS ISSUE CONTAINS INFORMATION ON: • Retailers operating 26,682 locations with plans to open 1,876 sites • Real estate valued in excess of $129 million to be bought, sold & financed • Leasing activity on over 3.1 million sq.ft. of retail properties WS Postmaster: Periodical T NE E N A T R DIT IMPO SE EXPE A PLE
ICSC CHICAGO DEALMAKING Observations and Conversations
Pg. 4
State of the Industry...................... Pg. 6 Buyers and Sellers Arcore Real Estate selling a 40-acre site in Bolingbrook, IL.................... Pg. 8 Newport Commercial seeking to acquire Kmart stores throughout Pg. 8 select markets in CA, IL and TX Who’s Opening and Where SoulCycle enters the Midwest........ Pg. 10 Namco Entertainment, Inc. opening a restaurant/entertainment venue in Schaumburg, IL............... Pg. 10 RedBrick Pizza grows in the Midwest........................................ Pg. 10 Salata hot for Chicago, IL............... Pg. 10 Tenant Reps and Exclusives CBRE representing Pacific Dental Services with expansion throughout MN.............................. Pg. 12 Jameson Commercial representing Great Clips with expansion throughout select markets in IL...... Pg. 12 Lease Signings The Broadbent Co. negotiated a lease with La-Z-Boy Furniture in Indianapolis, IN............................. Pg. 13 First Western Properties signs a lease with Dollar General in Chicago, IL.................................... Pg. 13 Making the News Crossman & Co. hires director of leasing........................................... Pg. 13 Sources of Financing Osborne Capital Group negotiates $4 million in refinancing for center in Highland Heights, OH............... Pg. 13 Lead Sheet Factory Connection continues growth Pg. 15 The Learning Experience expands during the next 18 months............. Pg. 15 True North Stores to enter IL.......... Pg. 16 Tervis to enter IL............................ Pg. 18 Space Place................................... Pg. 22
THE LEVEE DISTRICT EAST PEORIA, IL
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Experience Strength Stability Mixed-Use • Retail • Medical • Multi-Family • Office For more than 20 years, Cullinan Properties, Ltd. has been a leading provider of commercial and mixed-use real estate services. We’ve built our reputation on strong relationships and successful projects, and although the market has changed our commitment to excellence remains the same. Let us show you how we turn real estate plans into reality with almost $1 billion in successful real estate projects completed to date.
Visit us at Chicago Dealmaking in booth 511 During ICSC Chicago October 7th & 8th, 2014 www.cullinanproperties.com 309.999.1700 | Chicago, IL | Peoria, IL | St. Louis, MO
NEW CONSTRUCTION North American Development Group is preleasing Seminole City Center, located at the intersection of Park Boulevard and 113th Avenue in Seminole, FL. The site is proposed to be anchored by a supermarket and fitness center. The retail development is slated for completion during the third quarter of 2016. Area demographics include a population of 300,000 within a 15-minute drive-time. For more information, contact Scott Goldsmith or Carol Smiddy, North American Development Group; 561-578-8701/813933-0629 Ext. 201.
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Account Executive Nicole Papa • nicole@dealmakers.net Account Executive Connie Giordano • connie@dealmakers.net Executive Assistant Kait Kelly • kait@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $344 per year U.S., foreign $419 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2014 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
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Retail Solutions Advisors is preleasing Seminole Commons, located at the intersection of Rinehart Road and North Towne Boulevard in Sanford, FL. Future development includes an additional 75,000 sq.ft. of retail space and a 30,360 sq.ft. hhgregg. Area demographics include a population of 103,926 within a five-mile radius earning $76,643 as the average household income. The average daily traffic count is 41,060 vehicles. The company is also preleasing Shoppes of Cypress Landing, a 288,798 sq.ft. shopping center situated on 52.47 acres and located at the intersection of Cypress Gardens Boulevard/ State Route 540 and U.S. Highway 27 in Lake Wales, FL. Area retailers include CVS, Home Depot, Lowe’s Home Improvement, Hibbett Sports and Dollar General. Area demographics include a population of 87,090 within seven miles earning $54,563 as the average household income. For more information, contact Lynda Nagy, Retail Solutions Advisors, 3730 Cleveland Heights Boulevard, Suite 2, Lakeland, FL 33803; 863-646-4567; Email: lnagy@retailsolutionsadvisors.com. Twin Rivers Capital Real Estate Development is redeveloping a shopping center situated on 12 acres at the intersection of Sam Rittenberg Boulevard and Ashley Hall Road in Charleston, SC. Anchor spaces, shop spaces and a one-acre outparcel are available. Area retailers include Save-A-Lot, CVS, Publix, Bi-Lo, Burlington, Sears, belk, Barnes & Noble, Subway, Advance Auto Parts, Dick’s Sporting Goods and Costco. The site is located near the Ashley Landing Shopping Center and Westwood Plaza. For more information, contact Andy Mitwol, Twin Rivers Capital Real Estate Development; Email: amitwol@twinriverscap.com; Web site: www.twinriverscap.com. illi Commercial Real Estate is preleasing a shopping center located at the intersection of East Valley Boulevard and Walnut Avenue in San Gabriel Valley, CA. The site is located near two hotels. Area retailers include Hawaii Supermarket, 99 Ranch Market and Union Bank of California. Area demographics include a population of 684,940 within a five-mile radius earning $70,546 as the average household income. The center is slated for completion during 2015. For more information, contact illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212, Fax 818-501-2202; Web site: www.illicre.com.
Morgan Property Group is preleasing a mixed-use development located along Ocoee Crown Point Parkway in Ocoee, FL. Outparcels are available. Area retailers include Walgreens, McDonald’s and Publix. Area demographics include a population of 102,548 within five miles earning $62,485 as the average household income. For more information, contact Greg Woulfe, Morgan Property Group; 954-5226010; Email: gwoulfe@morganpg.com. InSite Real Estate, Inc. is preleasing a retail development situated on 8.56 acres and located along U.S. Highway 19 in Tarpon Springs, FL. A pad site is available for a 10,000 sq.ft. building. The site is adjacent to a Northern Tool & Equipment store. Area demographics include a population of 122,370 within a five-mile radius earning $66,212 as the average household income. The average daily traffic count is 61,500 vehicles. For more information, contact Joe Tyszko, InSite Real Estate, Inc., 714 Grand Central Street, Clearwater, FL 33756; 727-445-9331, Fax 727-445-9225; Email: jtyszko@insiterei.com; Web site: www.insiterei.com. Inland Real Estate Corp., in a joint venture with IBT Group, LLC and Pine Tree Commercial Realty, is developing Pulaski Promenade, a 133,000 sq.ft. development situated on 10.6 acres and located just off Interstate 55 in southwest Chicago, IL. The project is currently over 80% preleased and cotenants will include Marshalls, Ross Dress for Less, Michaels, PetSmart and Shoe Carnival. Stores are slated to open during spring 2016. Area demographics include a population of 217,083 within a threemile radius earning $67,458 as the average household income. For more information, contact Inland Real Estate Corp., 2901 Butterfield Road, Oak Brook, IL 60523; 877-206-5656; Web site: www.inlandrealestate.com. Emporia Land Development, LLC is developing a site located near the intersection of Industrial Road and West 24th Avenue in Emporia, KS. Plans call for an 80,000 sq.ft. grocery store, a 3,500 sq.ft. convenience store and gas station, a 160,000 sq.ft. home improvement retailer that includes a 40,000 sq.ft. lumber yard, two restaurants and an additional 10,000 sq.ft. of shop space. Development is slated for completion during early 2016. For more information, contact Emporia Land Development, LLC, 104 East 5th Avenue, Emporia, KS 66801-3918; 620-3434268, Fax 620-341-4337. DM October 10, 2014 | Page 3
OBSERVATIONS AND CONVERSATIONS It’s a small industry; a bad attitude and incompetency don’t get you too far. Ann O’Neal
Welcome to The Dealmakers special edition for the ICSC’s Chicago Dealmaking. I have had the opportunity to attempt making deals in Chicago numerous times over the past three decades, but I have never hit a home run in the Windy City. Doing deals in Chicago is next to impossible. This market is so political that it takes years to get through the first steps of development. Yes, there is lots of money to be made, but developers, especially ones coming in from outside of Illinois, have to be willing to be patient and have deep pockets. My first impression when I was working on assembling sites years ago was that every twelfth block was a new fiefdom ran by local bureaucrats and power mongers that had nothing better to do than to bust chops. I’ve been told that it’s easier to develop now than it was, but it’s still challenging. Chicago is a market that if you want to open a store or acquire a site or develop a retail site, you need a local broker to make it happen. Fortunately, there are quite a few competent retail brokers serving greater Chicago, but a handful of brokers dominate a pretty big slice of the retail real estate market for both leasing and investment sales. A few of them are egomaniacs, but at least they’re smart brokers when it comes to getting deals done. Recently, I had the unfortunate experience of reliving a deal that died years ago with a broker that was also an egomaniac. A few months ago, I was hired by a landlord to help put together a list of chains that would be best suited for his urban site that happens to be in an area where more and more millennials are moving into. His thought was that he could get more rent with leasing the storefronts to upscale retailers. Once I had a list of a hundred of the most ideal tenants, the landlord and I cherry-picked the top twenty. From there, I got together all the real estate contact info, and researched if they had a tenant rep who was handling the account. At the next meeting, I explained to the landlord that a few of our top picks are represented by tenant reps with a reputation for not being such nice guys, and the odds are high that any deal with them will blow up at the eleventh hour just because these brokers are so difficult. I told him that if he contacted one of them, it would behoove him not to bring up my name. He was curious why he shouldn’t mention that I was doing consulting for him on the project. I explained to him that I did a deal twenty years ago with one of the brokers and the guy was so full of himself that he couldn’t get out of his own way. We had a major blowout when after my landlord had spent money and time on a first round of comments on the lease, as-builts, meeting with the town and talking to his lender, then this broker stopped returning my calls. After the seventh left message over two weeks, and after I verified with his secretary that he was actually still alive and in the office, I called his client direct and left a message. Well, within thirty minutes, I had the tenant rep holding for me to pick up the phone. He wanted to rip me a new one; he was screaming about how dare I contact his client directly, blah, blah, blah. My response was, “How dare you not return any of my phone calls, and what is up with getting a second round of comments on the lease?” I don’t Page 4 | October 10, 2014
think he was used to getting a push back or someone talking back to him as loudly and with the same tone as he spoke to me. Our conversation quickly exploded, but I had the pleasure of telling him that not only did he have a false grandiose self-image, but he was also a dumb-a## prick. As I hung up the phone with the tenant rep, a call comes through from the retailer with whom I was friendly, although this was the first time we had tried to do a deal and after a few minutes of chatting, I asked him what’s up with the lease and he responded, “We killed that deal several weeks ago. After we saw the as-builts, we can’t make our prototype work on two-levels. I thought you already knew that.” I said, “No, your broker decided since he couldn’t make money off of me, he no longer needs to offer the professional courtesy of returning my calls.” Needless to say, that was my last interaction with this broker, and to this day, we still avoid each other at industry functions. The landlord concurred that he didn’t have time to be jerked around and then asked me about the other tenant rep on our list of potential tenants. I explained, yes, they’re arrogant pricks too, but at least they are smart and return calls and can actually close a deal. I gave my client a list of three landlords that have done deals with both of the tenant reps mentioned here, so he could call and compare notes on what kinds of deals they have been making. A few weeks later, he called me to say that none of the landlords had anything good to say about the tenant rep that I had words with, and they concurred with me that not only was he arrogant, but he was also not too bright. It’s a small industry; a bad attitude and incompetency don’t get you too far. Stop by our booth in Chicago at the Navy Pier. Also, be sure to check out our two new web sites; FreestandingTenants.com and FoodTenants.com. If you need leads for retailers looking for inline spaces or storefronts, try a demo of TenantSearch.com with 5,000 expanding chains. You can drill down by use, space requirements, and of course, by geographical regions and states where the chains are looking for new sites. Other great lead generators are our email forums to lease, acquire and finance retail real estate. It’s free to join, and you can send an email to 30,000 opt-in subscribers about your retail sites. Go to www.dealmakers.net and click the tab that says resources, then click the drop down for free email forums and just follow the instructions. Have a great show in Chicago, and here’s to making more deals.
Ann O’Neal, Publisher
Dealmakers Magazine | www.dealmakers.net
SEEKING SHOPPING CENTERS ACROSS THE U.S. RENOVATING REAL ESTATE. REVITALIZING COMMUNITIES.
4 1 0 2 n i 0 0 0 , 0 0 0 , 0 0 1 $ e r i u q c a o t Targeting
BUYING RETAIL PROPERTIES COAST TO COAST VALUE ADD CENTERS GREATER THAN 100,000 SF
See you at the Chicago and Atlanta ICSC this fall!
403-923-4343 • gwiebe@uspginc.com
STATE OF THE INDUSTRY ICSC Chicago Dealmaking Edition Stephanie Weaver Each year, The Dealmakers collects the opinions and statements of regional Midwestern industry experts to determine the economic welfare of the mid-states market, where it has been and where it is headed. We invited industry experts to give us their opinions about how the local market is faring, what new concepts are entering the market, new developments, occupancy rates in the region and future economic trends. Leasing activity has picked up in pockets of the Midwest, while tertiary sites continue to languish. Thomas Mirandi, vice president of real estate at RD Management, LLC, a shopping center development company with a portfolio in excess of 18-million square feet, observed, “Off-price and discount stores continue to be the most active in the Midwest as are various gym formats, including Planet Fitness and Workout Anytime, as well as smaller format apparel stores.” RD Management, LLC controls approximately 20 shopping centers throughout the Midwest and has recently negotiated deals with Ross Dress for Less, Dollar Tree and Labels for Less. Mirandi also noted, “A department store chain is looking to open outlet stores for its surplus merchandise, and Simply Fashions has picked up the intellectual property rights of the former Dots chain and is looking to open new stores under the Dots name.” W.R. “Terry” McCollom, Jr., member of Chicagoland Association of Shopping Center Owners “CASCO” and president and founder of McCollom Realty, Ltd., a full-service firm established in 1976 and serving clients throughout the Midwestern region of the United States, explained, “Dollar General and Sleepy’s are the most prolific chains with expansion plans throughout the Midwestern market.” McCollom also noted that his company recently brokered deals with Check Into Cash, a chain providing payday loans and title loans, and Orscheln Farm & Home, a 159-unit chain operating throughout the Midwestern region of the United States and offering automotive, home improvement, farm and ranch equipment, family apparel and footwear, pet care and livestock supplies and tools. McCollom added that Mariano’s Fresh Market, a specialty supermarket store operated by Roundy’s, Inc., is expanding throughout the Chicago, Illinois area. The company also operates under the trade-names Pick ‘N Save, Copps and Metro Market. Tucker Development recently negotiated a lease with Tesla Motors for Supercharger stations at Country Club Plaza, a 450,000 square foot center located in Country Club Hills, Illinois. The stations enable Mobile S electric vehicle drivers to drive for up to three hours on a single charge. A 28,000 square foot Fresh Thyme Farmers Market is opening at Fairview City Centre, owned by Kimco and located in Fairview Heights, Illinois, in addition to two proposed openings in Missouri. Recently, HereToday, a two-unit chain of discount general merchandise stores, also opened in Fairview Heights. The company is planning to open 15,000 square foot to 20,000 square foot stores throughout the St. Louis, Missouri metropolitan area and beyond during the coming years. Kroger is expanding throughout Midwest as well. The company is planning to open supermarkets in Columbus, Greenwood, Fishers and Indianapolis, Indiana. While many retailers are hastily expanding throughout the Midwest, others are shutting their doors forever. Kmart recently closed 10 stores in Indiana, Michigan, Ohio and Wisconsin, and additional stores throughout Illinois will be shuttered by the end of the year. Sears is vacating east central Illinois and Bon-Ton Page 6 | October 10, 2014
is vacating its location at Heritage Square Shopping Center in Naperville, Illinois during 2015. Retail landlords throughout the Midwest are breaking ground and redeveloping shopping centers now that retail chains are back in expansion mode. “RD Management, LLC is putting in significant capital to renovate and upgrade existing properties in the Midwest,” said Mirandi. Inland Real Estate Corp., a real estate investment trust that operates retail centers throughout the central United States, in a joint venture, is developing Pulaski Promenade, a 133,000 square foot power center located in southwestern Chicago, IL. Currently more than 80% preleased, cotenants will include Marshalls, Ross Dress for Less, Michaels and PetSmart, with store openings slated during spring 2016. Area demographics include a population of 217,083 within three miles earning $67,458 as the average household income. The Krausz Cos. is redeveloping Charlestowne Mall in St. Charles, Illinois. The $70 million project will include freestanding buildings on the south end of the mall, with a second phase of outlets planned on the southeastern side. Tenants will begin opening during 2016.
The Krausz Cos. is redeveloping Charlestowne Mall in St. Charles, Illinois.
Shopping center acquisitions have heated up in more densely populated trade-areas within the Midwest. Bradford Real Estate Cos. recently acquired Fox Run Square, a 144,000 square foot center in Naperville for $25.6 million from Inland Private Capital Group. A 21,950 square foot Ace Hardware anchors the center, while a 72,215 square foot former Dominicks is dark. NewQuest-Epic Investments, LLC recently acquired Prairie Point Shopping Center, a 91,535 square foot property anchored by Mariano’s Fresh Market in Aurora, Illinois for $18.5 million from Phillips Edison. Real estate professionals agree that occupancy rates are increasing throughout the Midwest. According to Mirandi, “Occupancy is up. Vacancy is down but the gap is not quite as large in the Midwest, meaning there is still more inventory available than in other parts of the country where the supply of available retail space has noticeably diminished. However, we are still seeing a slower economic rebound in Michigan than in other Midwestern states. There are pockets of very strong leasing activity in the Midwest but overall the absorption rates for available space are not quite as high as in other parts of the country.” “I feel very certain that retailers in the Midwest will continue to grow,” McCollom said. Mirandi concurred, stating, “Growth will continue on a steady, even pace as historically been the case for us in the Midwest.” Dealmakers Magazine | www.dealmakers.net
landed…
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listed on nasdaq as WHlR
R e a l e s tat e | a c q u i s i t i o n s | l e a s i n g | P R o P e R t y M a n a g e M e n t | d e v e l o P M e n t
BUYERS AND SELLERS Baum Realty Group is selling a 24,776 sq.ft. retail center located along Ashland Avenue in Chicago, IL. Tenants include Little Green Tree House, Bank of America and Sprint. The asking price is $12.9 million with a Cap rate of 7.16%. For more information, contact Danny Spitz or Greg Dietz, Baum Realty Group, 1030 West Chicago Avenue, Chicago, IL 60642; 312-275-3139/3125; Emails: danny@baumrealty.com and greg.dietz@baumrealty.com. Investment Management Associates, Inc. is selling two one-acre pad sites, at the intersection of Miramar Parkway and Red Road in Miramar, FL for $1.2 million. For more information, contact Daniel Baumgard, Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305-6610110; Email: dbaumgard@ima-re.com. CNL Commercial Real Estate represents an investor acquiring grocery-anchored shopping centers throughout the eastern U.S. Suitable properties are priced between $3 million and $5 million with a minimum Cap rate of 7.25%. For more information, contact PJ Behr, CNL Commercial Real Estate, 420 South Orange Avenue, Suite 950, Orlando, FL 32801; 407-540-7700; Email: pj.behr@cnl.com. Calkain Cos., on behalf of a client, is seeking to acquire Advance Auto Parts stores throughout the southeastern region of the U.S. Suitable properties include tenants bound to remaining short term leases. For more information, contact Stephen Counts, Calkain Cos.; 404-900-6928; Email: scounts@calkain.com.
Capital Pacific is selling Yukon Village, a 185,681 sq.ft. center in Yukon, OK. The site is 93.5% occupied and tenants include PetSmart, Hobby Lobby and Big Lots. The asking price is $33 million with a Cap rate of 7.54%. The company is also selling The Shoppes at Narrow Bridge, a strip center located in Chattanooga, TN. The asking price is $4.12 million with a Cap rate of 8.15%. For more information regarding the Yukon property, contact Rick Sanner, Capital Pacific; 415-274-2709; Email: rsanner@capitalpacific.com. For more information regarding the Chattanooga property, contact Dave Lucas; 415-2747390; Email: dlucas@capitalpacific.com. Vanguard Realty Group is selling a 22,371 sq.ft. freestanding Spunk Fitness located along Lockwood Drive in Silver Spring, MD. The tenant is bound to a 10-year lease. The asking price is $3 million. For more information, contact Greg Klein, Vanguard Realty Group, 1390 Piccard Drive, Suite 120, Rockville, MD 20850; 301-7951450; Email: gklein@vanguardrealty.com. Namdar Realty Group recently acquired The Center of Sheffield in Lorain, OH. Tenants include Dollar General and H&R Block. For more information, contact Joel Gorjian, Namdar Realty Group; 516-773-0010 Ext. 110; Email: joel@namdarllc.com; Web site: www.namdarrealtygroup.com. Sand Capital recently acquired 35 properties, including 29 CVS stores located throughout AZ, IA, IL, LA, MI, MS, NC, NV, OH, OK, TX and VA, as well as six shopping centers in AZ, GA, IL, OH, TN and TX. For more information, contact Sand Capital; 480-949-9011.
Arcore Real Estate Group is selling a 40-acre site located at the intersection of Interstate 355 and Interstate 55 in Bolingbrook, IL. Area retailers include Macy’s, Costco, Meijer, LA Fitness and Ipic Theaters. For more information, contact Mike Streit or Andy Robbins, Arcore Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-908-5702/5707; Emails: mstreit@arcoregrp.com and arobbins@arcoregrp.com. Colliers International is selling a freestanding Save-A-Lot located along East 63rd Street in Chicago, IL. The asking price is $2.659 million with a Cap rate of 7.75%. For more information, contact Peter Block, Colliers International, 6250 North River Road, Suite 11-100, Rosemont, IL 60018; 847-384-2840; Email: peter.block@colliers.com. HFF brokered the sale of Downtown Dadeland, a 127,240 sq.ft. lifestyle center located in Miami, FL. Tenants include West Elm, Chili’s, Panera Bread and Men’s Wearhouse. For more information, contact Luis Castillo, HFF, 1450 Brickell Avenue, Suite 2950, Miami, FL 33131; 305-448-5498; Email: lcastillo@hfflp.com. Newport Commercial, on behalf of a client, is seeking to acquire Kmart stores throughout the Chicago, IL metropolitan surrounding area, the San Diego, CA metropolitan surrounding area and metropolitan TX, including Dallas, Houston, San Antonio and Austin. For more information, contact Jeff Rothbard, Newport Commercial; Email: jeff. rothbard@gmail.com. EXP Realty Advisors is selling a Tilted Kilt restaurant in Florence, KY for $4.634 million with a Cap rate of 7.5%. For more information, contact Joe Caputo, EXP Realty Advisors; 214-915-8890; Email: joe@exp1031.com. American Investment Properties recently negotiated the sale of a retail site located along Higbie Lane in West Islip, NY for $6.85 million. For more information, contact Ron Koenigsberg, American Investment Properties; 516-393-2300 Ext. 202; Email: ron@aiprops.com.
Colliers International is selling a freestanding Save-A-Lot in Chicago, IL. Page 8 | October 10, 2014
The Greysteel Co. is selling a 48,000 sq.ft. LA Fitness in Silver Springs, MD. The company is bound to a 15 year lease. For more information, contact Storm Sebastian, The Greysteel Co., 7735 Old Georgetown Road, Suite 301, Bethesda, MD 20814; 202-280-2722; Email: retail@greysteel.com. DM Dealmakers Magazine | www.dealmakers.net
WHO’S OPENING AND WHERE MOOYAH Franchise, LLC (855-666-9247) is planning to enter the Phoenix and Tuscon, AZ markets by opening additional MOOYAH Burgers, Fries and Shakes restaurants during the coming two years. The company also is expanding in southern CA. The chain, based in TX and offering burgers, hotdogs, fries and dessert items, currently operates 67 locations throughout 15 states and in Canada, as well as internationally. Winmark Corp. (763-520-8500) is planning to open 29 Once Upon a Child stores during the remainder of the year, as well as additional openings slated for 2015. The company, trading as Once Upon a Child, Plato’s Closet, Play It Again Sports, Style Encore and Music Go Around, currently operates 1,047 franchised locations nationwide. Petsense, LLC (928-532-5330) is planning to open 20 to 30 stores next year with long range projections to open more than 100 Petsense stores nationwide during the coming three years. The company, offering pet food, toys and related products, currently operates 104 locations and occupies spaces of 5,000 sq.ft.
Target Corp. (612-304-6073) is planning to open a 12,000 sq.ft. TargetExpress store at the intersection of Shattuck Avenue and Allston Way in Berkeley, CA during March 2015. The chain, offering apparel, toys, housewares, pet supplies and electronics, currently operates more than 1,795 locations nationwide and more than 130 stores throughout Canada.
Whole Foods Market, Inc. (512-477-4455) is planning to open a 35,000 sq.ft. Whole Foods Market at North Shore Crossing, a retail development located along Brimbal Avenue in Beverly, MA during 2016. The chain, offering organic and natural food items, currently operates more than 388 specialty supermarkets nationwide, and in Canada and the United Kingdom.
Christopher & Banks (763-551-5000) is planning to open 190 to 200 combination stores by the end of the year. The format offers women’s apparel for missy, petite and plus sizes. The company recently opened a 45,000 sq.ft. combination store in Naperville, IL and currently operates 545 locations nationwide.
Coborn’s, Inc. (320-252-4222) is planning to open a Cash Wise supermarket at a 65,000 sq.ft. shopping center located at the intersection of 32nd Avenue South and Veterans Boulevard in West Fargo, ND. The company operates more than 120 stores throughout the Midwest region of the U.S.
Victory Brewing Co. (610-873-0985) is expanding its footprint outside of PA with plans to open a fourth location at Courthouse Square, a 112,000 sq.ft. mixeduse development located in Leesburg, VA during 2016. The location will feature a 300seat restaurant, outdoor seating areas and a full-service brew-house.
SoulCycle (718-208-1300) is planning to open 50 to 60 indoor cycling studios worldwide during 2015. The chain recently entered the Midwest with a location in Chicago, IL. The company currently operates 630 facilities nationwide.
Namco Entertainment, Inc. (630-2382204) is planning to open a 40,000 sq.ft. upscale restaurant and entertainment venue called Level 257 in Schaumburg, IL during 2015. The facility will feature cocktail lounges, a 16-lane bowling alley and entertainment space.
bebe stores, Inc. (415-715-3900) is planning to open four bebe stores and two outlet stores during fiscal 2015. The company operates more than 200 locations and offers contemporary fashion for women.
Neiman Marcus (800-685-6695) is planning to open a multi-level store at Hudson Yards, a mixed-use redevelopment project located in Manhattan, NY during 2018. It will be the company’s first location in the city.
Cowboy Chicken (972-732-6281), through franchised expansion, is planning to open 20 fast-casual restaurants throughout AL, including locations in Birmingham, Huntsville and Tuscaloosa. The company, based in TX, offers tacos, salads and sandwiches. NTY Franchise Co. (952-923-1223) recently opened a new resale store concept, trading as NTY Kids, along Ridgedale Drive in Minnetonka, MN. The store will offer children’s apparel, accessories and toys. The company currently operates 104 Clothes Mentor locations. Starbucks Coffee Co. (206-447-1575) is planning to open an express format, and its newest concept trading as Starbucks Reserve Roastery and Tasting Room in New York, NY during early 2015. The company is slated to open 100 locations specializing in reserve coffees with small batches and a tasting room. Brix Holdings, LLC (214-302-5912) has plans to open 25 RedBrick Pizza restaurants during 2015. Expansion will focus on CA, FL and TX, as well as entering AR, AZ, CO, LA, in addition to NY and the Midwest region of the U.S. El Pollo Loco, Inc. (877-375-4968) through franchisee AA Pollo, Inc., is planning to open 20 El Pollo Loco restaurants in Houston and San Antonio, TX. Growth is also planned in CA and NV. The company currently operates restaurants throughout AZ, CA, NV, TX and VT.
Salata, Inc. is planning to open six Salata restaurants throughout the Chicago, IL area during the coming five years. Page 10 | October 10, 2014
Salata, Inc. (713-739-0101) is planning to open six Salata restaurants throughout the Chicago, IL area during the coming five years. The company currently operates more than 38 restaurants. DM Dealmakers Magazine | www.dealmakers.net
Owning and Operating Grocery Anchored Retail Centers Nationwide since 1979
Leasing OppOrtunities natiOnwide
ASHBROOK COMMONS Ashburn, VA 198,589 SF Power Center 1,048 - 3,000 SF Available
TIFFANY PLAZA - Denver, CO 214,411 SF Whole Foods Anchored Neighborhood Center 1,442 - 7,415 SF Available
ARBORLAND CENTER Ann Arbor, MI 403,814 SF Power Center 6,396 - 14,420 SF Available
CLAYTON LANE - Denver, CO 335,064 SF Mixed-use Development in Cherry Creek North 1,505 - 25,000 SF Available
BALLANTYNE COMMONS EAST Charlotte, NC 150,926 SF Harris Teeter Anchored 1,131 - 1,895 SF Available
HARMONY MARKETPLACE Fort Collins, CO 350,593 SF Power Center 1,201 - 2,000 SF Available
Please contact Ira Shwartz IShwartz@AmCap.com Acquisitions:
Jake Bisenius JBisenius@AmCap.com 203-327-2001
Corporate Headquarters: 1281 East Main Street Stamford, CT 06902 203-327-2001
www.AmCap.com
Leasing:
44 Cook Street #710 Denver, CO 80206 303-321-1500
TENANT REPS AND EXCLUSIVES CBRE (612-336-4319) is representing Pacific Dental Services with its expansion plans throughout MN. The dental facilities prefer to occupy spaces of 2,500 sq.ft. to 3,200 sq.ft. in endcaps of shopping centers. Preferred demographics include a population of 60,000 within three miles earning $75,000 as the average household income.
Cursor Realty Commercial (407-622-7772) is representing Hurricane Grill & Wings with its expansion plans throughout Sanford, Lake Mary, Winter Park, Apopka, Ocoee, Deland, Deltona, central and eastern Orlando and west and north of the turnpike in FL. The restaurants occupy spaces of 4,000 sq.ft. in second-generation restaurant spaces.
Retail Solutions (512-304-0005) is representing Thai Passion with its expansion plans in downtown Austin and Round Rock, TX. The restaurants are seeking second-generation spaces of 4,000 sq.ft. to 6,000 sq.ft.
Hybridge (813-413-6701) is representing Acropolis Greek Taverna with its expansion plans throughout FL. The restaurant prefers to occupy 3,500 sq.ft. to 7,000 sq.ft. in endcaps and inline spaces in shopping centers and freestanding locations with outdoor seating areas.
Strategic Retail Advisors (561-743-8724) is representing the following retailers with their expansion plans: Pirch, offering household items and utilizing spaces of 23,000 sq.ft. to 27,000 sq.ft. and Swim ‘n Sport in spaces of 1,200 sq.ft. to 1,800 sq.ft. nationwide; Grimaldi’s pizzerias in spaces of 3,500 sq.ft. and Boston Proper offering women’s apparel and using spaces of 2,000 sq.ft. throughout the southeastern region of the U.S.; Stoney River occupying restaurant spaces of 7,000 sq.ft. and Jason’s Deli utilizing spaces of 4,500 sq.ft. to 5,000 sq.ft. throughout southern FL: Versona Accessories in spaces of 6,000 sq.ft. to 8,000 sq.ft. in Orlando and southern FL and Cherry Blow Dry Bar occupying spaces of 1,500 sq.ft. throughout FL. Jameson Commercial (312-929-6660) is representing Great Clips with its expansion plans throughout Hyde Park, South Loop, West Loop, Rogers Park, Edgewater, Glenview, Northbrook, Lincolnwood and Ravenswood, IL. The hair salons occupy spaces of 800 sq.ft. to 1,100 sq.ft. in grocery-anchored or big box centers in sites that are close proximity to strong national retailers. Mid-America Real Estate Wisconsin (414273-4600) was recently appointed as the exclusive leasing and management agent of three retail properties throughout WI, including Brady Place, a 24,256 sq.ft. shopping center in Milwaukee, Pewaukee Plaza, a 121,809 sq.ft. Walgreens-anchored center in the Pewaukee retail corridor of Capitol Drive and High Ridge Centre, a 264,560 sq.ft. community center anchored by Kmart, Office Max and Home Depot in Racine. Stierheim & Wesson Retail Realty (305345-9808) is representing Pei Wei with its expansion plans throughout Pinellas, Hillsborough, Pasco, Hernando, Manatee, Sarasota, Lee and Colliers counties in FL. The Asian-inspired restaurants utilize spaces of 3,000 sq.ft. in endcaps of shopping centers or freestanding locations with outdoor seating. Preferred demographics include a trade-area population within three miles earning $50,000 as the median household income. Colliers International (206-695-4200) is representing Togo’s with its expansion plans throughout Stockton, Lodi, Ceres, Oakdale, Modesto and Jackson, CA. The sandwich shops occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in storefronts and shopping centers. Patio space is preferred. DM
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Dealmakers Magazine | www.dealmakers.net
LEASE SIGNINGS Divaris Real Estate, Inc. (757-497-2113) recently negotiated leases with Dominion Radio Supply, Inc. for 3,810 sq.ft. at Huguenot Trade Center located along Alverser Drive in Richmond, VA, with Read Good and Cheryle Toy of Divaris Real Estate, Inc. representing the tenant in the transaction and with Metro PCS for 1,600 sq.ft. at Midlothian Crossing located along Midlothian Turnpike in Richmond, VA, with Sara Goodall of Divaris Real Estate, Inc. representing the landlord in the transaction. Bennett Williams Realty, Inc. (717-8435555) recently negotiated a lease with Compass Rose Boutique for 2,012 sq.ft. at Olde Tollgate Village in York, PA. Brad Rohrbaugh and Chad Stine of Bennett Williams Realty, Inc. represented the landlord in the transaction. S.L. Nusbaum Realty Co. (757-282-6505) recently negotiated the following leases throughout VA: with Pind Indian Cuisine for 2,819 sq.ft. in Ashburn, with Nathan Shor of S.L. Nusbaum Realty Co. representing the tenant in the transaction; with Zoe’s Kitchen for 2,800 sq.ft. at Landstown Centre in Virginia Beach, with J.C. Wynkoop of S.L. Nusbaum Realty Co. representing the tenant in the transaction; with Suffolk Vape Shop for 1,347 sq.ft. at Suffolk Shopping Center in Suffolk, with Christopher Hucke of S.L. Nusbaum Realty Co. representing the landlord in the transaction and with Boost Mobile for 1,200 sq.ft. at James York Plaza in Williamsburg, with Neal Sadler of S.L. Nusbaum Realty Co. representing the landlord in the transaction. The Broadbent Co. (888-664-2900) recently negotiated a lease with La-Z-Boy Furniture for 20,040 sq.ft. at Clearwater Crossing, located along East 82nd Street in Indianapolis, IN, with Joe Kenney of The Broadbent Co. representing the landlord in the transaction. The company also completed a lease with Ooh LaLa Nail Spa for 1,600 sq.ft. at Fashion Mall Commons, located along Union Chapel Road in Indianapolis, IN. John Beuoy of The Broadbent Co. represented the landlord in the transaction. Cassidy Turley (858-625-5299) recently negotiated a 10-year lease with 99 Cents Only Stores for 15,118 sq.ft. at Plaza de Cuyamaca located along North Federal Highway in Santee, CA. Argent Retail Advisors (888-301-1888) recently negotiated a 10-year lease with Sherwin-Williams for 4,030 sq.ft. along Jeffrey Road in Irvine, CA. The company represented the tenant in the transaction. Dealmakers Magazine | www.dealmakers.net
LMS Commercial Real Estate (717-569-9373) negotiated a lease with Vapor’s Paradise, an electronic cigarette company, for 1,470 sq.ft. at Clearview Shopping Center, a 128,437 sq.ft. center in Hanover, PA. Ryan Myers and Travis Riley of LMS Commercial Real Estate represented the tenant and landlord in the transaction. Renaud Consulting (703-404-2346) recently negotiated a lease with Quickway Japanese Hibachi restaurant for 1,800 sq.ft. at Willston Centre II, located along Arlington Boulevard in Falls Church, VA. Leonard Pick of Renaud Consulting represented the tenant in the transaction. The Katsias Co. (757-490-3585) recently negotiated a lease with Holland Plaza Barbershop for 600 sq.ft. at Holland Plaza Shopping Center, located along Holland Road in Virginia Beach, VA. CBRE | Raleigh (919-831-8200) negotiated a lease with The Egg & I for 3,510 sq.ft. at East 54, a 450,000 sq.ft. mixed-use development located in Chapel Hill, NC. Christina Coffey and Reagan Crabtree of CBRE | Raleigh represented the tenant in the transaction. First Western Properties (773-545-2000) recently negotiated a lease with Dollar General along North Harlem Avenue in Chicago, IL. Friedman Integrated Real Estate Solutions (248-324-2000) recently negotiated a lease with ABeanToGo, Inc. for 2,200 sq.ft. along West Flint Street in Lake Orion, MI. Nelson Properties, Inc. (248-539-9020) recently negotiated a lease with Aqua Tots Swim School for 8,400 sq.ft. and with Funtastic Fun Centers for 3,600 sq.ft. at Coventry Commons Shopping Center in Canton, MI. Soloff Realty & Development, Inc. (610834-0400) recently negotiated a 10-year lease with Lumber Liquidators for 6,235 sq.ft. in a freestanding building located along Columbus Boulevard in Philadelphia, PA. The company represented the landlord in the transaction. Gluck Realty (718-972-1808) recently negotiated a lease with Family Dollar for 8,000 sq.ft. along Liberty Avenue in Queens, NY. Sperry Van Ness (410-543-2440) recently negotiated a 10-year lease with Harbor Freight Tools for 13,000 sq.ft. along North Salisbury Boulevard in Salisbury, MD. DM
REAL ESTATE PROFESSIONALS MAKING THE NEWS Boston Realty Advisors (617-850-9667) recently hired Nick Herz as managing director and shareholder of the firm’s Capital Markets group. In his new position, Herz will concentrate on expanding investment sales, debt financing and equity placement activities. Prior to joining the company, Herz served as senior vice president in the Capital Markets groups at CB Richard Ellis | New England and Colliers International. The company specializes in sales and leasing services throughout New England. Crossman & Co. (407-423-5400) recently hired Scott Benjamin as director of leasing. In his new position, Benjamin will oversee the strategic direction, expansion and operation of the firm’s leasing portfolio. Prior to joining the company, Benjamin served as vice president of leasing and general manager at Paragon Outlet Partners, LLC/ Prime Retail, LP. Present Value Properties, Inc. (714-4643001) recently hired Andrew McLean as vice president. Prior to joining the company, McLean served as vice president at Lee & Associates. The company specializes in landlord and tenant representation, development and entitlement, and consulting services with offices in CA and UT. Sabre Real Estate (201-249-8911) recently hired James Aug as principal. The company also recently opened an office in NJ. DM
SOURCES OF FINANCING Cronheim Mortgage recently negotiated $4.5 million in permanent financing for two Big Lots-anchored centers in Bristol TN and New Haven, IN. The loan featured, a 10-year term, 75% loan-to-value rate and 30-year amortization period. For more information, contact Cronheim Mortgage, 205 Main Street, PO Box 807, Chatham, NJ 07928; 973-635-6800; Web site: www.cronheimmortgage.com. Osborne Capital Group recently negotiated $4 million in refinancing for Brainard Crossing, a 40,000 sq.ft. shopping center located along Wilson Mills Road in Highland Heights, OH. The site, a former freestanding supermarket, has been redeveloped with Fitworks as the anchor. The 10-year loan was provided by Ladder Capital Finance. For more information, contact Osborne Capital Group, 7670 Tyler Boulevard, D Mentor, OH 44060. M October 10, 2014 | Page 13
FOOD CHAINS EXPAND NATIONWIDE Westport Realty Group, Inc. trades as Cheeseburger Bobby’s at 10 locations throughout GA. The restaurants occupy spaces of 2,400 sq.ft. in endcaps of shopping centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Kent Lilley, Westport Realty Group, Inc., 6264 Eagles Crest Drive Northwest, Acworth, GA 30101; 770-218-5566; Email: kent@westportrealty.net. Taco Maker, Inc. trades as Taco Maker Mexican Grill at 130 locations throughout FL, NV, UT, Puerto Rico and Venezuela. The fast-food restaurants prefer to occupy
spaces of 800 sq.ft. to 1,500 sq.ft. in power, regional, strip, specialty, mixed-use, value and outlet centers, entertainment and tourist areas, urban/downtown areas, malls and freestanding locations. Plans call for three openings throughout central FL, with a focus on Orange and Miami-Dade counties during the coming 18 months. Competitors include Taco Bell and Chipotle. Typical leases run five years with two, five-year options. For more information, contact Magda Acevedo, Taco Maker, Inc., Caribe Building, 11th Floor, Palmeras #53, San Juan, Puerto Rico 00901; 787-273-3160, Fax 787-7933130; Web site: www.tacomaker.com.
H ! T R I E W D GO RKET LEYATHING LESS? A MA FOR AN LE T T E S WHY
Menchie’s Group, Inc. trades as Menchie’s Frozen Yogurt at more than 400 locations nationwide and internationally. The frozen yogurt shops occupy spaces of 900 sq.ft. to 1,400 sq.ft. in shopping centers. Growth opportunities are sought nationwide during the coming 18 months. For more information regarding expansion throughout the western U.S., contact Bonnie Gatine, Menchie’s Group, Inc., 16027 Ventura Boulevard, Suite 301, Encino, CA 91436; Email: bonnie.gatine@menchies.com; Web site: www.menchies.com. For more information regarding expansion throughout the eastern U.S., contact David Goldberg; Email: david.goldberg@menchies.com.
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 5,300 stores throughout 49 states, the District of Columbia and Puerto Rico in the U.S., as well as in Mexico and Brazil.
3 GROWING STRONG… Over 5,300 stores, and we open more every week 3 STORES THAT ARE 100% COMPANY OWNED AND OPERATED… No franchises 3 FINANCIALLY DISCIPLINED… We make the right decisions to protect our shareholders 3 RELIABLE… Whether purchase money or rent, our funds will be there…on time, every time For site criteria and contact information go to www.autozonerealestate.com or simply use your smartphone to scan the QR code 2
Dolphin Fast Food, Inc. trades as Burger King at 20 locations throughout MN. The fast-food restaurants occupy spaces of 2,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Kurt Kiel, Dolphin Fast Food, Inc., 17 Washington Avenue North, Minneapolis, MN 55401; 612-338-4220, Fax 612-371-7488; Web site: D www.dolphinfastfood.com. M
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Potbelly operates more than 300 locations nationwide. The fast-casual restaurants prefer to occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in strip centers. Growth opportunities are sought throughout NJ and NY during the coming 18 months, with representation by Sabre Real Estate. Stewart’s All American currently operates more than 30 fast food locations throughout MD, NJ, OH, PA and WV. The restaurants occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in strip centers. Growth opportunities are sought throughout Long Island, NY during the coming 18 months, with representation by Sabre Real Estate. 16 Handles operates more than 40 locations throughout CT, MA, MD, NJ and NY. The frozen yogurt shops prefer to occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout Long Island, NY during the coming 18 months, with representation by Sabre Real Estate. For more information, contact Jayson Siano, Sabre Real Estate, 500 Old Country Road, Suite 209, Garden City, NY 11530; 516-874-8070; Email: jayson@sabreny.com; Web site: www.sabreny.com.
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Dealmakers Magazine | www.dealmakers.net
LEAD SHEET Buffalo Exchange Adam Stupak c/o Task Real Estate 1334 Club Drive Hewlett, NY 11557 646-820-6759 Email: adam@taskrealestate.com Web site: www.taskrealestate.com
Apparel The chain operates more than 45 locations nationwide. The stores, offering apparel and accessories, which can be bought, sold and traded by customers, occupy spaces of 2,000 sq.ft. to 20,000 sq.ft. in freestanding locations, power and strip centers, as well as urban/ downtown areas. Growth opportunities are sought throughout the tri-state area of NJ and NY during the coming 18 months, with representation by Task Real Estate.
Factory Connection, LLC dba Factory Connection Kevin Hawk 2300 Highway 79 South Guntersville, AL 35976 256-264-9400, Fax 256-264-9340 Email: khawk@factory-connection.com Web site: www.factory-connection.com
Apparel The 296-unit chain operates locations throughout AL, AR, GA, IL, KS, KY, LA, MO, MS, OH, OK, TN, TX, VA and WV. The stores, offering men’s and women’s active apparel wear, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in strip and value centers, as well as urban/ downtown areas. Growth opportunities are sought throughout AL, AR, IL, KS, KY, LA, MO, MS, OH, OK, TN and TX during the coming 18 months. Typical leases run two to five years. A vanilla shell is required. Preferred demographics include a population of 12,000 within three miles earning $30,000 as the average household income.
Grease Monkey International dba Grease Monkey Ralph Yarusso 7450 East Progress Lane Greenwood Village, CO 80111 303-454-3450, Fax 303-308-5906 Email: ryarusso@greasemonkeyintl.com Web site: www.greasemonkeyshine.com
Automotive The 272-unit chain operates locations nationwide and internationally. The automotive service centers occupy spaces of 2,300 sq.ft. in freestanding locations. Growth opportunities are sought nationwide and internationally during the coming 18 months. Major competitors include Jiffy Lube and Valvoline. The company is franchising. A half an acre of land is required for Grease Monkey sites and a land area of at least one acre is required for sites with a car wash.
T.L.E. Holding Corp. dba The Learning Experience Nick Vanella, Essie Kronstat or Chad Weissman 4855 Technology Way, Suite 700 Boca Raton, FL 33431 561-886-6400 Ext. 273/294/244, Fax 561886-6433 Emails: nvanella@tlecorp.com, ekronstat@tlecorp.com and cweissman@tlecorp.com Web site: www.thelearningexperience.com
Childcare The 132-unit chain operates locations throughout CA, CO, CT, DE, FL, IL, MA, MD, MI, NC, NH, NJ, NY, OH, PA, TX and VA. The childcare learning centers occupy spaces of 10,000 sq.ft. in freestanding locations. Growth opportunities are sought during the coming 18 months. Typical leases run 15 years with a minimum of two, five-year options. Turnkeys and build-tosuits are preferred. Preferred demographics include a population of 75,000 within five miles earning $75,000 as the average household income. The company prefers to locate in areas with high visibility and is franchising. For more information regarding expansion throughout southern CA, CO and TX, contact Chad Weissman. For more information regarding expansion throughout CO, CT, MD, NJ, OH, TX and VA, contact Essie Kronstat. For more information regarding expansion throughout northern CA, FL, IL, MA, MI, NC, NH, NJ, NY, PA and TN, contact Nick Vanella.
7-Eleven, Inc. dba 7-Eleven Daniel J. Porter One Arts Plaza, 1722 Routh Street, Suite 1000 Dallas, TX 75201 972-828-7562, Fax 972-828-8998 Email: lesley.mclaughlin@7-11.com Web site: www.7-eleven.com
Convenience The chain operates 10,300 locations throughout North America. The convenience stores, with gasoline facilities, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, endcaps or pad sites of shopping centers, as well as urban storefront locations. Growth opportunities are sought nationwide and in Canada during the coming 18 months.
BP of America, Inc. dba ARCO, ampm Mike Hager 4554 Cross Creek Road Cool, CA 95614 530-888-1383, Fax 866-662-0916 Email: michael.hager@bp.com Web site: www.bp.com
Convenience The 960-unit chain operates locations throughout northern CA, OR and WA. The convenience stores, with gasoline facilities, occupy spaces of 2,400 sq.ft. to 3,600 sq.ft. in freestanding locations. Growth opportunities are sought throughout northern CA in the Bay area, central valley and Sacramento areas, as well as in OR and WA during the coming 18 months.
Dealmakers Magazine | www.dealmakers.net
October 10, 2014 | Page 15
LEAD SHEET Stop-N-Go of Madison, Inc. dba Stop-N-Go Director of Real Estate 2934 Fish Hatchery Road Madison, WI 53713-5015 Email: bowmana@stop-n-go.com Web site: www.stop-n-go.com
Convenience The 36-unit chain operates locations throughout IL and WI. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in freestanding locations. Limited growth opportunities are sought throughout northern IL and southern WI during the coming 18 months. Typical leases run 15 years with options. Specific improvements are required. Major competitors include Kwik Trip. The company is site selective and prefers site submittals sent via email.
True North Energy dba True North Stores Keith McIntyre 5565 Airport Highway Toledo, OH 43615 440-792-4200 Email: kmcintyre@truenorth.org Web site: www.truenorth.org
Convenience The 120-unit chain operates locations throughout OH. The convenience stores, with gasoline facilities, occupy spaces of 1,500 sq.ft. to 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout Chicago, IL and OH during the coming 18 months. Typical leases run 10 years. A land area of 50,000 sq.ft. is required.
Hudson’s Bay Co. dba Hudson’s Bay Bruce Moore 401 Bay Street, Suite 600 Toronto, Ontario, Canada M5H 2Y4 416-861-4521, Fax 416-861-6870 Email: bruce.moore@hbc.com Web site: www.thebay.com
Department Store The 92-unit chain operates locations throughout Canada. The department stores occupy spaces of 135,000 sq.ft. in malls, power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months.
Michael Rossy Ltd. dba Michael Rossy Stores Michael DiTullio 450 Boulevard Lebeau Saint Laurent, Quebec, Canada H4N 1R7 514-335-6255, Fax 514-335-9690 Email: mditullio@rossy.ca Web site: www.rossy.ca
Department Store The chain operates more than 80 locations throughout New Brunswick, Newfoundland, Ontario and Quebec, Canada. The department stores occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Target Corp. dba Target and Super Target Brian Cornell 1000 Nicollet Mall Minneapolis, MN 55403 612-761-7090 Email: erika.winkels@target.com Web site: www.target.com
Discount The 1,925-unit chain operates locations nationwide and in Canada. The stores, offering electronics, apparel, footwear, home décor items, health and beauty products and sporting goods, occupy spaces of 12,000 sq.ft. to 186,000 sq.ft. in power and strip centers. Growth opportunities are sought nationwide during the coming 18 months.
Petland, Inc. dba Petland Joe Watson 250 Riverside Street Chillicothe, OH 45601 740-775-2464 Ext. 137, Fax 740-775-2575 Email: realestate@petland.com Web site: www.petland.com
Pet Supplies The 140-unit chain operates locations nationwide in 28 states. The pet supply stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in strip centers. Growth opportunities are sought in areas east of the Mississippi during the coming 18 months.
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LEAD SHEET Wild Birds Unlimited Paul Pickett 11711 North College Avenue, Suite 146 Carmel, IN 46032 317-571-7100 Ext. 135, Fax 317-208-4050 Email: pickettp@wbu.com Web site: www.wbu.com
Pet Supplies The 283-unit chain operates locations nationwide and in Canada. The stores, offering bird seed and houses, along with nature-related gift items, occupy spaces of 1,400 sq.ft. to 1,700 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Daneli Shoe Co. dba Footwear Etc. and Footwear Outlet Mr. Elie Monarch 273 North Matilda Avenue Sunnyvale, CA 94086 408-744-9992, Fax 408-744-9994 Email: elie@footwearetc.com Web site: www.footwearetc.com
Shoes The 11-unit chain operates locations throughout northern and southern CA. The shoe stores occupy spaces of 2,000 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company prefers to locate in affluent areas.
Fleet Feet, Inc. dba Fleet Feet Sports Frank Pitts PO Box 1269 Carrboro, NC 27510 919-942-3102, Fax 919-932-6176 Email: frank.pitts@fleetfeet.com Web site: www.fleetfeet.com
Shoes The 133-unit chain operates locations nationwide. The stores, offering athletic footwear and apparel items, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company is franchising.
Shoe Show, Inc. dba Shoe Show, Shoe Dept. Encore, Shoe Dept. and Shoe Show Megastore Bob Souders PO Box 648 Concord, NC 28026 704-782-4143 Ext. 157, Fax 704-721-7323 Email: bsouders@shoeshow.com Web site: www.shoeshow.com
Shoes The 1,132-unit chain operates locations nationwide in 39 states. The stores, offering family footwear, occupy spaces from 3,000 sq.ft. to 12,000 sq.ft. in malls, freestanding locations, lifestyle and power centers, as well as urban/downtown areas. Growth opportunities are sought throughout AR, AZ, CO, KS, LA, MO, MS, NM, OK, TX and UT during the coming 18 months.
Kocolene Marketing, LLC dba Smokers Host Gary F. Myers PO Box 448 Seymour, IN 47274-0448 812-522-2224, Fax 812-522-6264 Email: gmyers@kocolene.com Web site: www.kocolene.com
Specialty The 18-unit chain operates locations throughout IN. The stores, offering discount tobacco products, occupy spaces of 1,500 sq.ft. in freestanding locations and strip centers. Plans call for five openings throughout IN and KY during the coming 18 months.
Orvis Co., Inc. dba Orvis Co. David Dumeer 808 Thompson Street Glastonbury, CT 06033 Email: goldenoakdev@cox.net Web site: www.orvis.com
Specialty The 70-unit chain operates locations nationwide. The stores, offering a full line of men’s and women’s sportswear, fly fishing gear, home furnishings and travel accessories, occupy spaces of 5,500 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of lifestyle and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Dealmakers Magazine | www.dealmakers.net
October 10, 2014 | Page 17
LEAD SHEET Tervis Tumbler Co. dba Tervis Lynn Kisser 201 Triple Diamond Boulevard North Venice, FL 34275 941-441-3146, Fax 941-441-2305 Email: lkisser@tervis.com Web site: www.tervis.com
Specialty The 35-unit chain operates locations throughout AL, AZ, CA, FL, GA, MD, MI, MN, MO, NC, NV, SC, TN, TX and VA. The stores, offering insulated drinkware, tumblers and related accessories, occupy spaces of 800 sq.ft. to 1,250 sq.ft. in specialty and tourist centers. Plans call for 20 openings throughout AZ, CA, FL, GA, IL, LA, MA, ME, NC, NY, OR, SC, TN, VA and WA during the coming 18 months. Typical leases run five years with one, five-year renewal option. The company prefers to locate in high traffic tourist areas.
Ron Jon Surf Shop of Florida dba Ron Jon Surf Shop Jacquie Youngs 3850 South Banana River Boulevard Cocoa Beach, FL 32931 321-799-8866, Fax 321-799-8874 Email: jacquiey@rjss.com Web site: www.ronjons.com
Specialty The 11-unit chain operates locations throughout FL, MD, NJ and SC. The stores, offering surf boards and related apparel, equipment and accessories, occupy spaces of 8,000 sq.ft. to 15,000 sq.ft. in malls, entertainment and tourist centers. Growth opportunities are sought throughout AL, TX and VA during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include tourist based or entertainment retailers. Preferred demographics include a population of 200,000 within 10 miles earning $70,000 as the average household income. Major competitors include Zumiez, Tillys, Hollister and Pacific Sunwear.
Grocery Outlet, Inc. dba Grocery Outlet Bargain Market Marc Drasin 5650 Hollis Street Emeryville, CA 94608 510-704-2819, Fax 510-649-1484 Email: mdrasin@cfgo.com Web site: www.groceryoutlet.com
Supermarket The 212-unit chain operates locations throughout CA, ID, NV, OR, PA and WA. The supermarkets occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding locations, specialty, strip and value centers. Plans call for 40 openings throughout San Diego and northern CA; ID; NV; OR; Philadelphia and central PA and WA during the coming 18 months.
Superior Grocers Randy Ibara 1168 San Gabriel Boulevard, Suite M Rosemead, CA 91770 323-721-7312, Fax 626-572-8411 Email: randyibara@sbcglobal.net Web site: www.superiorgrocers.com
Supermarket The 43-unit chain operates locations throughout southern CA. The supermarkets occupy spaces of 40,000 sq.ft. to 50,000 sq.ft. in freestanding locations and neighborhood shopping centers. Growth opportunities are sought throughout central and southern CA during the coming 18 months.
Learning Express, Inc. dba Learning Express Toys Mike Derse 29 Buena Vista Street Devens, MA 01434 978-889-1000, Fax 978-889-1010 Email: mike@learningexpress.com Web site: www.learningexpress.com
Toys The 130-unit chain operates locations nationwide. The stores, offering educational toys, as well as featuring free gift wrapping and personalization, civic fundraising and customer VIP programs, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, malls, lifestyle, outlet, specialty and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five or 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include upscale grocery stores. Preferred demographics include a population of 100,000 within five miles earning $80,000 as the average household income. Major competitors include local toy stores. The company is franchising.
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 18 | October 10, 2014
Dealmakers Magazine | www.dealmakers.net
HOME-RELATED CHAINS EXPAND NATIONWIDE (continued from page one)
For more information, contact Pat McCormick, McCormick Paint Works Co., Inc., 2355 Lewis Avenue, Rockville, MD 20851; 301-770-3235, Fax 301-770-4980; Email: pmccormick@mccormickpaints.com; Web site: www.mccormickpaints.com. Old Time Pottery operates 30 locations throughout AL, FL, GA, IL, IN, MO, NC, OH, SC and TN. The stores, offering home décor items including linens, rugs, dinnerware, framed artwork, mirrors, lamps and seasonal items, occupy spaces of 55,000 sq.ft. to 75,000 sq.ft. in freestanding locations, power and strip centers. Plans call for up to eight openings throughout FL, KS, KY, LA, MS, NC, OH, OK, SC and VA during the coming 18 months, with representation by Trademark Properties, Inc. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred demographics include a population of 300,000 within 10 miles earning a middle to upper average household income. For more information, contact Todd Snyder, Trademark Properties, Inc., PO Box 1230, Pensacola, FL 32591; 850-434-1173; Email: ths@trademarkprop.com; Web site: www.oldtimepottery.com.
Page 20 | October 10, 2014
Franchise Concepts, Inc. trades as The Great Frame Up, Deck the Walls and Framing & Art Centre at 160 locations nationwide and in select areas of Canada. The stores, offering custom framing and artwork, as well as home décor items, occupy spaces of 1,200 sq.ft. to 1,700 sq.ft. The Great Frame Up prefers to locate in lifestyle and strip centers and Deck the Walls prefers to locate in malls. Growth opportunities are sought nationwide, excluding AK and HI, for the The Great Frame Up and Deck the Walls concepts and growth opportunities are sought throughout select markets in Canada, for the Framing & Art Centre concept during the coming 18 months. For more information, contact David Dahl, Franchise Concepts, Inc., 221 1st Executive Avenue, St. Peters, MO 63376; 800-543-3325, Fax 877-832-6694; Email: ddahl@fcibiz.com; Web site: www. franchiseconcepts.com. Hudson’s Bay Co. trades as Home Outfitters at 62 locations throughout Canada. The stores, offering kitchen, bedroom and bathroom products, occupy various size spaces in power centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
For more information, contact Bruce Moore, Hudson’s Bay Co., 401 Bay Street, Suite 600, Toronto, Canada, M5H 2Y4; 416-861-4521, Fax 416-861-6870; Email: bruce.moore@hbc.com; Web site: www.thebay.com. Marburn Stores, Inc. trades as Marburn Curtains at 21 locations throughout NJ and Long Island and Rockland County, 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 201D 945-4242; Web site: www.marburn.com. M
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20 years of service, pride and tradition Aguadilla Mall is part of the Western community of Puerto Rico for over 20 years. This impressive business center has a 272.106 square feet 19,000 square foot annex containing the largest cinema chain, Caribbean Cinemas and theaters. The shopping center has a capacity of 1,500 parking spaces, including a multistory parking.
FOR LEASING OPPORTUNITIES PLEASE CONTACT US AT:
T 787 622 9600 x.120 / 127 / 105 • F 787 277 9601 leasing@aguadillamallpr.com PO Box 362983 San Juan, Puerto Rico 00936-2983
www.aguadillamallpr.com
SPACE PLACE California
California
Connecticut
San Francisco – A 2,680 sq.ft. restaurant or retail space is available along King Street. Area retailers include Louisiana Fried Chicken, Barry’s Bootcamp, Tender Greens, Umami Burger, Supercuts and Starbucks. Area demographics include a population of 36,394 within one mile earning $88,783 as the median household income. The average daily traffic count is 40,000 vehicles. For more information, contact Chris Homs, Lockehouse, 433 Airport Boulevard, Suite 426, Burlingame, CA 94010; 650-5482687; Email: homs@lockehouse.com; Web site: www.lockehouse.com.
Leyner or Michael Sharon, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212 Ext. 108/121, Fax 818-501-2202; Email: jrleyner@illicre.com; Web site: www.illicre.com.
For more information, contact Alex Varon, Kimco Realty, 2 Newton Executive Park, Suite 100, Newton, MA 02462; 617-9332831; Email: avaron@kimcorealty.com; Web site: www.kimcorealty.com.
Connecticut
Guilford – Guilford Center, located at the intersection of Boston Post Road and Church Street, has spaces available. Cotenants include CVS, Supercuts, Tommy’s Tanning, PetValu and Webster Bank. Area demographics include a population of 36,986 within five miles earning $151,935 as the average household income. For more information, contact Fritz Kemerling or Joe Mastromonaco, The Dartmouth Co., 270 Greenwich Avenue, Greenwich, CT 06830; 203-618-1212; Email: fritz@dartco.com; Web site: www.dartco.com.
Woodland Hills – Winnetka Square, located along Ventura Boulevard, has spaces of 880 sq.ft., 900 sq.ft., 1,200 sq.ft. and 1,250 sq.ft. available. Area retailers include AT&T, In N’ Out Burger, Baskin Robbins and Wahoo’s Fish Taco. Area demographics include a population of 407,492 within five miles earning $93,041 as the average household income. The average daily traffic count is 43,310 vehicles. The monthly asking rent is $2.25 to $3.25 psf NNN. For more information, contact J. Richard
Fairfield – Retail spaces of 1,944 sq.ft., 2,314 sq.ft. and 2,947 sq.ft. are available at the intersection of Post Road and Sasco Hill Road. For more information, contact Brooks, Torrey & Scott, Inc., 542 Westport Avenue, 2nd Floor, Norwalk, CT 06851; 203-8472616, Fax 203-840-4848; Email: scott@ btsrealty.com; Web site: www.btsrealty.com.
Farmington – West Farm Shopping Center, a 184,959 sq.ft. center located at the intersection of Route 9 and Southeast Road, has spaces of 4,131 sq.ft. and 10,000 sq.ft. available. Cotenants include T.J. Maxx, Sports Authority, LA Fitness, Nordstrom Rack, The Children’s Place and Petco. Area demographics include a population of 243,451 within five miles earning $72,449 as the average household income. RESIDENTIAL, COMMERCIAL OR MIXED-USE DEVELOPMENT SITE Very Impressive Daily Traffic Counts (Hwy 21 & US Hwy 41 Oshkosh, WI) DESIRABLE FEATURES • +/- 1,150 ft. Frontage • Nearby Major Retail • Easy US Hwy 41 Access ASKING PRICE: $5.30 PER SQ. FT. • Controlled Intersection • Convenient to Center City • On City Bus Route • Liquor License Available www.gearlrealestate.com
Page 22 | October 10, 2014
Groton – Lighthouse Square, located along Long Hill Road, has spaces of 1,183 sq.ft., 1,465 sq.ft. and 5,272 sq.ft. available. Cotenants include Walgreens, Cost Cutters and The Shack. Area demographics include a population of 85,577 within five miles earning $74,165 as the average household income. The average daily traffic count is 22,000 vehicles. For more information, contact Greg Konover, Simon Konover Development Corp., 860-570-2000; Email: gkonover@ simonkonover.com; Web site: www. simonkonover.com.
Florida Clermont – Pointe Clermont, a 7,945 sq.ft. strip center located at the intersection of State Road 455 and West Colonial Drive, has spaces from 1,276 sq.ft. to 1,450 sq.ft. available. Area retailers include Publix, Washington Mutual and Bank of America. Area demographics include a population of 63,170 within five miles earning $58,967 as the average household income. The average daily traffic count is 55,626 vehicles along West Colonial Drive. For more information, contact Real Property Specialists, Inc., 407-812-8000, Fax 407-812-8885; Web site: www. realpropertyspecialists.com. Ft. Lauderdale – A 30,000 sq.ft. freestanding building is available along East Oakland Park Boulevard. For more information, contact Bill Lebo, William S. Lebo & Co., PO Box 266378, Weston, FL 33326; 954-476-2600; Email: blebo2600@gmail.com. Dealmakers Magazine | www.dealmakers.net
SPACE PLACE Florida
Illinois
Illinois
Miami – Kendall Square, located at the intersection of Kendall Drive and 137th Avenue, has spaces of 1,200 sq.ft., 2,100 sq.ft. and 3,240 sq.ft. available. Area demographics include a population of 401,385 within five miles earning $72,513 as the average household income. Also – A 12,943 sq.ft. strip center located along Biscayne Boulevard, has a space of 1,280 sq.ft. available. Cotenants include People’s Credit Union and HINT Boutique. Area demographics include a population of 522,770 within five miles earning $52,588 as the average household income. The asking rent is $22 to $26 psf. For more information, contact Alexander Espinola, Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305661-0110, Fax 305-661-7803; Email: aespinola@ima-re.com.
630-572-5613/5628, Fax 630-472-1019; Email: mfredericks@edgemarkllc.com; Web site: www.edgemarkllc.com. For more information regarding the sites in Naperville and North Aurora, contact Joanne Sutryk or Mike Wesley, 630-572-5609/5610, Email: jsutryk@edgemarkllc.com.
For more information regarding the site in Northbrook, contact Jonathan Hyman.
Illinois Algonquin – Algonquin Town Center, a 103,266 sq.ft. center located along Algonquin Road, has spaces from 1,240 sq.ft. to 13,000 sq.ft. available. Cotenants include Butera Market, Dollar Tree, Goodwill, Subway and China Bistro. Area demographics include a population of 137,468 within five miles earning $94,399 as the average household income. The average daily traffic count is 39,000 vehicles. Naperville – Springbrook Prairie Pavilion, a 278,613 sq.ft. mixed-use center located at the intersection of 75th Street and Fort Hill Drive, has spaces available. Cotenants include Whole Foods Market, DSW, Nordstrom Rack, Cost Plus World Market, Home Goods, Dick’s Sporting Goods, Buffalo Wild Wings, Noodles & Co., Eggsperience Cafe, Meatheads, Jersey Mike’s and Maggie Moo’s. Area demographics include a population of 257,864 within five miles earning $129,236 as the average household income. North Aurora – North Aurora Towne Center, a 350,000 sq.ft. center located at the intersection of Orchard Road and Randall Road, has spaces available. Cotenants include Target, JC Penney, Maurice’s, Michaels, Sally Beauty Supply, Dollar Tree, Bath & Body Works and Discovery. Area demographics include a population of 151,357 within five miles earning $76,394 as the average household income. For more information regarding Algonquin Town Center, contact Mark Fredericks or Eddie Palacios, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; Dealmakers Magazine | www.dealmakers.net
Bolingbrook – A center located at the intersection of Kings Road and Boughton Road, has three spaces of 1,190 sq.ft. available. Cotenants include CVS, Papa John’s and My Eye Level. Area demographics include a population of 81,065 within three miles earning $133,726 as the average household income. Chicago – A 23,709 sq.ft. former Office Depot is available along South Canal Street at Roosevelt Road. Area demographics include a population of 166,361 within two miles earning $101,223 as the average household income. North Aurora – A center located at the intersection of Interstate 88, Orchard Road and Randall Road, has two spaces of 4,000 sq.ft. available, along with a space of 3,000 sq.ft., and a 19,720 sq.ft. former Office Max. Cotenants include Target, JC Penney, Michaels, MC Sports, Petco, Dollar Tree, Famous Footwear, Maurice’s, Sally Beauty Supply, Bath & Body Works and Discovery. Area demographics include a population of 175,056 within five miles earning $79,349 as the average household income. Oak Lawn – Oak Lawn Promenade, a 32,690 sq.ft. center located at the intersection of West 95th Street and Ridgeland Avenue, has a space of 6,036 sq.ft. available. Cotenants include Payless Shoe Source, Fantastic Sam’s, Subway, Hertz, Sleepy’s and The Vitamin Shoppe. Area demographics include a population of 373,017 within five miles earning $68,328 as the average household income. Northbrook – A center located at the intersection of Church Street and Shermer Road, has a space of 2,680 sq.ft. available. Cotenants included Sunset Foods, Georgie V’s, Francesca’s North, Book Bin, Shelly’s Hallmark and MB Financial Bank. Area demographics include a population of 26,169 within three miles earning $161,959 as the average household income. For more information regarding the Bolingbrook property, contact Larry Kling or Jonathan Hyman, Metro Commercial Real Estate, 56 Skokie Valley Road, Highland Park, IL 60035; 847-412-9898, Fax 847412-0101; Email: lkling@metrocre.com; Web site: www.metrocre.com. For more information regarding the sites in Chicago, North Aurora or Oak Lawn, contact Steven Baer or Larry Kling, Email: sbaer@metrocre.com.
Chicago – A 1,800 sq.ft. ground floor retail space is available along West Irving Park Road. Also – A 710 sq.ft. ground floor space, and an 860 sq.ft. ground floor space, are available at the intersection of West Lawrence and Hermitage. The asking rent is $16 psf NNN. For more information regarding the West Irving Park Road property, contact Chris Kriticos or Amy O’Brien, Garrett Realty & Development, Inc., 2211 North Elston Avenue, Suite 308, Chicago, IL 60614; 773-880-1322 Ext. 22/37; Email: chris@garrettrealtyinc.com; Web site: www.garrettrealtyinc.com. For more information regarding the West Lawrence Avenue property, contact Mike Klaskin, 773-880-1322 Ext. 19; Email: mklaskin@garrettrealtyinc.com. Chicago – A 13,430 sq.ft. site is available at the intersection of 87th Street and State Street. Area retailers include Jewel-Osco, Burlington, Staples, Home Depot, Buddy’s Wine & Spirits, Dollar Tree and Marshalls. Area demographics include a population of 267,436 within three miles earning $18,917 as the average household income. For more information, contact Chelsea Henderson or Keith Lord, The Lord Cos., LLC, 1033 West Van Buren Street, 7th Floor, Chicago, IL 60607; 312-944-6270, Fax 312944-3759; Email: chelsea@lordcompanies.com. Chicago – A 2,468 sq.ft. space is available at the intersection of Wacker Drive and Washington Street. Area retailers include McDonald’s, The UPS Store and Taco Fresco. Area demographics include a population of 58,637 within one mile earning $133,539 as the average household income. The average daily traffic count is 20,100 vehicles along Wacker Drive. Homewood – A center located along South Halsted Street, has spaces of 1,360 sq.ft., 2,500 sq.ft., 2,820 sq.ft. and 9,240 sq.ft. available. Cotenants include Home Depot, Office Max, JewelOsco, Sally Beauty Supply, Hair Cuttery and Sprint. Area demographics include a population of 218,461 within five miles earning $65,485 as the average household income. The average daily traffic count is 31,200 vehicles. For more information regarding the Chicago property, contact Allen Joffe or Doug Renner, Baum Realty Group, 312-2753120/3137; Email: allen@baumrealty.com; (continued on page twenty-four)
October 10, 2014 | Page 23
SPACE PLACE Illinois (continued from page twenty-three)
Web site: www.baumrealty.com. For more information regarding the Homewood property, contact Allen Joffe. Flossmoor – Flossmoor Commons, a strip center located along Vollmer Road, has spaces of 1,655 sq.ft., 1,768 sq.ft., 2,450 sq.ft. and 2,584 sq.ft. available. Area demographics include a population of 71,492 within three miles earning $83,142 as the average household income. For more information, contact Matthew Tarshis or Mitchell Kahn, Frontline Real Estate Partners, 707 Skokie Boulevard, Suite 580, Northbrook, IL 60062; 847-542-9058/847897-5123, Fax 847-919-3816/4376; Email: mtarshis@frontlinerepartners.com; Web site: www.frontlinerepartners.com. Hanover Park – Church Street Station, a 5,874 sq.ft. multi-tenant building located at the intersection of Lake Street and Barrington Road, has small shop spaces available, along with a land area. Cotenants include Subway and Lily Nails. Area demographics include a population of 115,575 within three miles earning $85,179 as the average household income. Niles – Pointe Plaza, a 193,011 sq.ft. center located at the intersection of Central Avenue and Touhy Avenue, has spaces of 1,044 sq.ft., 2,133 sq.ft. and 3,500 sq.ft. available. Cotenants include Walgreens, Fresh Farms, Ross Dress for Less, Babies “R” Us, Men’s Wearhouse, Sleepy’s, Bath & Body Works, Jimmy John’s, Wing Stop, Starbucks and Dress Barn. Area demographics include a population of 249,535 within five miles earning $80,255 as the average household income. For more information regarding Church Street Station, contact Maria Rossobillo, Mid-America Asset Management, Inc., 1 Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630-954-7385, Fax 630-954-7306; Email: mrossobillo@midamericagrp.com; Web site: www.midamericagrp.com. For more information regarding Pointe Plaza, contact Katie Hennegan or Sarah Drumgould, 630-954-7233/7290; Email: khennegan@midamericagrp.com. Oak Brook – Oak Brook Promenade, located at the intersection of Butterfield Road and Meyers Road, has spaces of 5,827 sq.ft. and 5,893 sq.ft. available. Cotenants include Grotto, Thomasville, McCormick & Schmick’s, Murray’s Outfitters, Jos. A. Bank, Pancake House and Kona Grill. Area demographics include a population of 262,568 within five miles earning $113,040 Page 24 | October 10, 2014
Illinois
Indiana
as the average household income. Round Lake Beach – A 4,380 sq.ft. freestanding restaurant is available in front of a center located at the intersection of Rollins Road and Mallard Creek Drive. Cotenants include Petco and LA Fitness. Area demographics include a population of 142,353 within five miles earning $89,463 as the average household income. The average daily traffic count is 23,800 vehicles along Rollins Road. For more information, contact Mike Streit or April Smith, ARCORE Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-908-5702/5703; Email: mstreit@arcoregrp.com; Web site: www.arcoregrp.com.
For more information, contact Matthew Smetana or Mike Wesley, Edgemark Commercial Real Estate Services, LLC, 2215 York Road, Suite 503, Oak Brook, IL 60523; 630-572-5632/5610, Fax 630-472-1019; Email: msmetana@edgemarkllc.com; Web site: www.edgemarkllc.com.
Indiana Indianapolis – Georgetown Plaza, a 111,600 sq.ft. center located at the intersection of Georgetown Road and West 38th Street, has spaces from 1,736 sq.ft. to 7,350 sq.ft. available. Cotenants include International Food Market, Rent-A-Center, Family Dollar, Boost Mobile, Catherine’s, Ironsheet Royal Grill, Just Suits and Fashion Trends. Area demographics include a population of 258,469 within five miles earning $53,236 as the average household income. The average daily traffic count is 52,000 vehicles along West 38th Street. Also – Clearwater Village, a 48,374 sq.ft. center located along 82nd Street, has spaces available. Cotenants include DSW, Homeplex Furniture, Half Price Books, Splash Hair Salon and Philipe’s Spa. Area demographics include a population of 234,745 within five miles earning $78,636 as the average household income. The average daily traffic count is 38,000 vehicles. For more information regarding Georgetown Plazza, contact Jim Mosher, The Broadbent Co., 117 East Washington Street, Suite 300, Indianapolis, IN 46204; 317-237-2900, Fax 317-237-2953; Email: jim.mosher@broadbentco.com. For more information regarding Clearwater Village, contact John Beuoy, Email: jbeuoy@broadbentco.com. Schererville – Shoppes at Schererville, a 139,054 sq.ft. center located along US Highway 41, has a space of 2,591 sq.ft. available. Cotenants include Jo-Ann Fabrics, Big Lots, Discovery, PetSmart, Bedroom City, Sprint, H20 Tanning, T.G.I. Friday’s, Dickey’s BBQ and La Carreta. Area demographics include a population of 142,971 within five miles earning $77,407 as the average household income. The average daily traffic count is 61,074 vehicles.
Massachusetts Franklin – Franklin Village Plaza, a 303,461 sq.ft. center located at the intersection of Franklin Village Drive and West Central Street, has spaces of 2,500 sq.ft., 2,550 sq.ft. and 3,908 sq.ft. available. Cotenants include Stop & Shop, Famous Footwear, Team Fitness Franklin, Marshalls, Dress Barn, Men’s Wearhouse, Sleepy’s, Panera Bread, The UPS Store, Jenny Craig, Longhorn Steakhouse and GNC. Area demographics include a population of 71,762 within five miles earning $95,566 as the median household income. The average daily traffic count is 70,800 vehicles. For more information, contact Lori Manzo, Cedar Realty Trust, 508-3653520, Email: lmanzo@cdrrt.com; Web site: www.cedarrealtytrust.com. Salem – A 9,000 sq.ft. freestanding former Ace Hardware is available along Highland Avenue. Area retailers include Target, Home Depot, IHOP, Metro PCS, Sleepy’s, Supercuts, CVS, Dunkin’ Donuts and McDonald’s. Area demographics include a population of 266,286 within five miles earning $62,304 as the median household income. The average daily traffic count is 17,500 vehicles. For more information, contact Denenberg Realty Advisors, 617-720-5656; Web site: www.denenbergrealty.com.
New Jersey Ocean Township – A mixed-use development at the intersection of Deal Road and Route 35, has spaces available. Area retailers include Kohl’s, Wegmans, Staples, Pier 1 Imports, Red Lobster and Panera Bread. Area demographics include a population of 174,172 within five miles earning $79,735 as the average household income. For more information, contact Nicole Johnson or Julie T, Paramount Realty Services, Inc., 732-961-8123/8136; Email: njohnson@paramountrealty.com. Paramus – An 18,000 sq.ft. ground floor space, with a 5,000 sq.ft. basement, and a 3,500 sq.ft. ground floor space, are all available Dealmakers Magazine | www.dealmakers.net
SPACE PLACE New Jersey
New York
New York
at the intersection of Forest Avenue and Route 4 West. Area retailers include Macy’s, Thomasville, Chuck E. Cheese’s, Kohl’s, Modell’s, Panera Bread, A.C. Moore and David’s Bridal. Area demographics include a population of 508,951 within five miles earning $80,391 as the median household income. The average daily traffic count is 141,000 vehicles along Route 4 West. For more information, contact Curtis Nassau or Michael Rawlins, Ripco Real Estate, 125 Chubb Avenue, Suite B, Lyndhurst, NJ 07071; 201-777-2300, Fax 201-777-2314; Email: cnassau@ripconj.com; Web site: www.ripconj.com.
For more information regarding the 81st Street property, contact Michael Gleicher, Patty Holmstrom, Danielle Weissberg or Jeff Winick, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2640/2612/2630/2601, Fax 212-792-2660; Email: mgleicher@winick.com; Web site: www.winick.com. For more information regarding the Ninth Avenue property, contact Steven Baker or Charles Rapuano, 212-792-2636/2658; Email: stevenb@winick.com. For more information regarding the Queens property, contact
Robert Heicklen or Louis Eisinger, 212-7922656/2629; Email: rheicklen@winick.com. Port Chester – Biltmore Shopping Center, a 17,000 sq.ft. community strip center located at the intersection of Bowman Avenue and Merrit Street, has a space of 400 sq.ft. available. Cotenants include Danny’s Cycles, John’s of Arthur Avenue Pizza, Ridge Squire, Beauty Bar, The Rite Method and A & S Deli. Area demographics include a population of 162,610 within (continued on page twenty-six)
New York New York – A 1,850 sq.ft. ground floor space and a 1,500 sq.ft. ground floor space, with an 860 sq.ft. basement, all of which can be combined, are available along Third Avenue. Area retailers include Whole Foods Market, Dinosaur Barbecue, Royal Palms, The Pines and Littleneck. For more information, contact Joseph Colista or Hymie Dweck, Newmark Grubb Knight Frank Retail, 212-372-2191/2060; Email: jcolista@ngkf.com; Web site: www.ngkf.com. New York – A retail space is available at the intersection of First Avenue and East 91st Street. Area retailers include SherwinWilliams, Duane Reade, Papa John’s and Starbucks. For more information, contact Jill Lovatt, Massey Knakal, 212-660-7704; Email: jlovatt@masseyknakal.com; Web site: www.masseyknakal.com. New York – A 3,365 sq.ft. ground floor space, and a 3,365 sq.ft. lower level space, are available at the intersection of East 81st Street and First Avenue. Area retailers include Agata & Valentina Market, Vitamin Shoppe, Citibank, Morton Williams and CVS. Also – A 1,400 sq.ft. ground floor space, with a 1,000 sq.ft. basement, is available along Ninth Avenue, between 42nd Street and 43rd Street. Area retailers include Starbucks, Citibank, TD Bank, Ollie’s, Amy’s Bread, Esca, Dunkin’ Donuts, 7-Eleven and Bread Factory. Queens – A 2,775 sq.ft. ground floor endcap is available at the intersection of Grand Avenue and Queens Midtown Expressway. Area retailers include Western Union, H&R Block, Key Food, HSBC, Chase Bank, Valley National Bank, Deal$, Hallmark and McDonald’s. The average daily traffic count is 185,000 vehicles. Dealmakers Magazine | www.dealmakers.net
Got space? Find your missing tenant.
Over 6,000 retail chains are listed in the national edition Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you: • Who’s in charge of the tenant’s real estate for your market, and how to reach them • Where the chain is seeking new store locations, and its existing markets • What the retailer’s space, property type, demographic, co-tenancy and lease requirements are
www.tenantsearch.com | 1.800.732.5856 October 10, 2014 | Page 25
SPACE PLACE New York (continued from page twenty-five)
five miles earning $170,120 as the average household income. For more information, contact Jackie Perla, Urstadt Biddle Properties, Inc., 321 Railroad Avenue, Greenwich, CT 06830; 203-8638271; Email: jperla@ubproperties.com; Web site: www.ubproperties.com.
Pennsylvania Millersville – Millersville Commons, located at the intersection of Millersville Road and Wabank Road, has spaces available. Cotenants include Members 1st Federal Credit, Nino’s Pizzeria, Jake’s Wayback Burgers and Tropical Smoothie Café. Area demographics include a population of 145,570 within five miles earning $60,509 as the average household income. The average daily traffic count is 15,000 vehicles along Millersville Road. For more information, contact Donna Deerin Ward or Marisa Benjamin, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373 Ext. 915/951, Fax 717-560-
Pennsylvania
Virginia
9909; Email: ddeerin@lms-pma.com; Web site: www.lms-pma.com.
sq.ft. available. Cotenants include Food Lion, Rite Aid and Dairy Queen. Area demographics include a population of 84,354 within five miles earning $84,587 as the average household income. The average daily traffic count is 27,000 vehicles along Kings Highway. For more information, contact Bethany Scanlon or John Mitchell, JBGR Retail, 4445 Willard Avenue, Suite 700, Chevy Chase, MD 20815; 240-333-3203/301-657-7336, Fax 301-657-9850; Email: bscanlon@jbgr.com; Web site: www.jbgr.com.
Texas San Antonio – A 4,250 sq.ft. freestanding restaurant is available along Nacogdoches Road. Area retailers include HEB. For more information, contact Lauri Connell, Nueces Partners, Ltd., 1920 Nacogdoches Road, Suite 202, San Antonio, TX 78209; 210-828-9926 Ext. 1; Email: lauri@nuecespartners.com.
Virginia Alexandria – A 3,800 sq.ft. pad site is available at the intersection of Sullivan Place Drive and Edsall Road. Area retailers include Panera Bread, Sugar Palm Thai and Shell. Area demographics include a population of 432,791 within five miles earning $115,359 as the average household income. The average daily traffic count is 20,496 vehicles along Edsall Road. Fredericksburg – Ferry Farm, a 61,774 sq.ft. center located at the intersection of Kings Highway and Ferry Road, has a space of 1,200
Ashburn – Village Center at Belmont Greene, a 60,891 sq.ft. center located at the intersection of Picadilly Plaza and Winkle Drive, has spaces available. Cotenants include Top Kick, Elite Fitness Concepts and Ledo Pizza. Area demographics include a population of 72,300 within three miles earning $181,900 as the average household income. For more information, contact Gwen Edwards or Marty Flax, Renaud Consulting, 8605 Westwood Center Drive, Suite 410, Vienna, VA 22182; 703-404-2346; Email: gedwards@renaudconsulting.net; Web site: www.renaudconsulting.net. DM
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KIN PROPERTIES AVAILABLE LOCATIONS Owners of 725 Properties 30,000,000
Peru, IL AVAILABLE
SPORTS
1608 36th Street (Wenzel Rd) 41,916 sqft Spaces Available
Lease Rate Sale Price
AIL AV
All Shapes
LE
AB
Retail, Industrial, Office
All Sizes
2,000 - 2,000,000 sqft
LE AB AIL AV
the continental United States
1.888.KIN.PROP Robert Crum ext 117
State
Matthew Makler ext 118
IL IL IN MI MI
mmakler@kinproperties.com Jeff M. Ross ext 123
jross@kinproperties.com Steven Sandelman ext 104
ssandelman@kinproperties.com Gary Shapiro ext 114
gshapiro@kinproperties.com Len Weiselberg ext 112
lweiselberg@kinproperties.com
Out Parcel Call for Rate N/A
Northlake, IL
53 West North Ave Space Available 20,000 sqft Building Size 32,357 sqft Lease Rate $11.50 NNN N/A Sale Price
T r a v e r s e C i t y, M I
All Over
rcrum@kinproperties.com
(divisible)
MI MI MN WI
3111 S. Airport Road, W. Space Available 23,500 sqft Land Size 4.69 acres Building Size 23,500 sqft Lease Rate TBD N/A Sale Price
ADDITIONAL AVAILABLE PROPERTIES City
Address
Available Asking Sale Space Rent Price Alton 2861 E. Homer M Adams 3,096 sqft $11.00 NNN N/A Calumet City 1500 Torrance Ave 5 Acres N/A $1,495,000 Mishawaka 331 Indian Ridge 1.5 Acres TBD N/A Dearborn 5601 Mercury Drive 30,000 sqft $12.00 NNN N/A Garden City 29600-B Ford Road 15,000 TBD N/A 100,000 sqft Houghton Lake 8135 W. Houghton Lake Dr 44,459 sqft $4.81 NNN $3,600,000 Taylor 20725 Ecorse Road 8,400 sqft $9.95 NNN $749,000 Spring Lake Park 8355 University Ave, NE 6,564 sqft $8.50 NNN $495,000 Waukesha 435 W. Sunset Drive 2,340 sqft $12.50 NNN $550,000
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Meet Ross. Part fisherman, part property manager. 100% passionate about both. His take-on-anything attitude ensures his
a d u c a r r Ba
clients are never on the hook. Solid as a rock, no detail slips by him. His customers always come first, and he is always ready to roll up his sleeves to help them catch the big one. Only one thing matters to Ross. Your #SUCCESS
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