Dealmakers Magazine | October 10, 2014

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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

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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


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