Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
Volume XXVI No. XL
October 21, 2011
Supermarket Chains Expand Nationwide Tietgens Enterprises trades as Tietgens Super Rama at six locations throughout central TN. The supermarkets occupy spaces of 14,000 sq.ft. to 15,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Major competitors include Bi-Lo, Kroger and Walmart. The company prefers to acquire sites. For more information, contact Ed Tietgens, Tietgens Enterprises, 707 Brass Lantern Place, Brentwood, TN 37027; 615-373-0769, Fax 615373-7325. Albeco, Inc. trades as Mollie Stone’s Markets at nine locations throughout CA. The upscale supermarkets, featuring bakery, deli, cheese, produce, wine and liquor, seafood and floral departments, as well as offering gluten-free and international foods and private-label products, occupy spaces of 7,500 sq.ft. to 30,000 sq.ft. in lifestyle, specialty and tourist centers, as well as urban/downtown areas. Growth opportunities are sought throughout the San Francisco Bay area of CA during the coming 18 months. Typical leases run 35 years. Preferred demographics include a population of 20,000 within one mile earning $100,000 as the average household income. Major competitors include Whole Foods Market. For more information, contact Mike Stone, Albeco, Inc., 150 Shoreline Highway, Building D, Mill Valley, CA 94941; 415-289-5720, Fax 415289-0141; Web site: www.molliestones.com.
Brookshire Grocery Co. trades as Brookshire Food Stores and Super 1 Stores at 152 locations throughout AR, LA and TX. The supermarkets, featuring bakery, deli, meat, produce, seafood and floral departments, as well as a pharmacy and photo center, occupy spaces of 30,000 sq.ft. to 70,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout southern AR, LA and eastern TX during the coming 18 months. Typical leases run 15 to 20 years. Major competitors include Albertsons, Kroger and Walmart Supercenter. A land area of five to six acres is required for freestanding locations. The company prefers to acquire sites. For more information, contact John Broderhausen, Brookshire Grocery Co., 1600 West Southwest Loop 323, Tyler, TX 75701; 903-534-3000, Fax 903-534-2217; Web site: www.brookshires.com. Autry Greer & Sons, Inc. trades as Greers at 29 locations throughout AL, FL and MS. The supermarkets, also offering catering services, occupy spaces of 12,000 sq.ft. to 28,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Barton Greer, Autry Greer & Sons, Inc., 2850 West Main Street, Prichard, AL 36612; 251-457-8655, Fax 251-456-3744; Web site: www.greers.com. (continued on page eight)
This issue contains information on:
* Retailers operating 57,457 locations with plans to open 3,760 sites * Real estate valued in excess of $208.6 million to be bought, sold & financed * Leasing activity on over 8.7 million sq.ft. of retail properties
Important News Please Expedite
Postmaster: Periodical
Featuring ICSC Canada Convention New Construction Fameco Real Estate is preleasing a 425,000 sq.ft. center in Teterboro, NJ.......... Pg. 3 Openings Crumbs Holdings, LLC projects operating 200 stores nationwide by the end of 2014..................................... Pg. 4 Whole Foods Market, Inc. introducing new Wellness Club concept in five cities..... Pg. 9 Buyers and Sellers Henzlik-Oliver Real Estate Cos., LLC acquired a center in AR......................................... Pg. 5 Exclusives Epsteen & Associates represents retailers throughout markets in CA........................ Pg. 6 Sources of Financing The Telemarque Group, Ltd., LLC provides financing for properties nationwide............ Pg. 6 Food Retailers Expand CKE Restaurants, Inc. opening sites throughout 17 states nationwide............................ Pg. 7 In the News Lee & Associates names two senior vice presidents in its Chicago, IL office................... Pg. 10 Lease Signings Mid-America Asset Management, Inc. negotiated leases throughout IL............... Pg. 10 Lead Sheet Children’s Learning Advenuture looks to enter the CA market Pg. 12 Party City plans 35 to 50 openings nationwide............. Pg. 13 Space Place........................... Pg. 16
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Everyday Needs = Good Business There’s nothing fancy about everyday shopping needs: picking up dry cleaning in the morning, grabbing take-out food for lunch, shopping after work for a new DVD, sweat socks, shampoo or even bread and butter. Everyday necessity shopping drives daily customer traffic to the retail, food and “big box” stores at Cedar’s Bread & Butter Shopping Centers®. Centers that serve everyday shopping needs is our formula for good business.
Cedar Shopping Centers, Inc. Developers, Owners and Managers of Bread & Butter Shopping Centers® www.cedarshoppingcenters.com
New Construction Skilken is preleasing the 29,000 sq.ft. first retail phase of The Shops at Forty-Seven, a mixed-use project located at the intersection of 47th Street and Cottage Grove Avenue in Chicago, IL. Spaces from 1,000 sq.ft. to 6,500 sq.ft. are available. The project will feature a 75-unit residential component in addition to the retail component, and is slated to open during 2013. The average daily traffic count is 13,900 vehicles. The asking rent ranges from $28 psf to $34 psf with NNN fees of $8 psf. The company is also preleasing High North Commons, a 30,300 sq.ft. project located along High Street/State Route 23
President/Publisher.............................. Ann O'Neal ann@dealmakers.net Vice President .................................. Alyson Parker alyson@dealmakers.net Art Director................................. Anthony Pingicer anthony@dealmakers.net Editor.................................................. Erin Dunkley erin@dealmakers.net Editor............................................... Adam Taliercio adamt@dealmakers.net Customer Service....................... Bridget Thoresen custserv@dealmakers.net Founder..................................................... Ted Kraus 1979–2007
The Dealmakers (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc. PO Box 2630 Mercerville, NJ 08690-0630. TM
The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The Dealmakers TM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 086900630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2011 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
in Worthington, OH. Spaces from 2,000 sq.ft. to 7,500 sq.ft. are available. Cotenants include CVS. Area demographics include a population of 177,943 within four miles earning $53,456 as the median household income. The average daily traffic count is 25,110 vehicles. The asking rent is $22 psf with NNN fees of $5 psf. The project is slated to open late next year. For more information, contact Skilken, 4270 Morse Road, Columbus, OH 43230; 614-418-3100, Fax 614-418-3101; Web site: www.skilken.com. DeBartolo Development, with Colliers Monroe Friedlander, is developing Ka Makana Ali’I, a 1.5 million sq.ft. mixed-use regional project located between Roosevelt Avenue and Kapolei Parkway in Kapolei, HI. Anchor and shop spaces are available along with pad sites. Area demographics include a population of 110,320 within five miles earning $98,522 as the average household income. For more information, contact Erin Nellis or Yoon Hong, 7001 North Scottsdale Road, Suite 2055, Scottsdale, AZ 85253; 480-483-7373, Fax 480-483-7375; Emails: enellis@debartolodevelopment.com and yhong@debartolodevelopment.com; Web site: www.debartolodevelopment. com. Or Jon-Eric Greene, Nathan Fong or Kelli Yanagawa-Wilinski, Colliers Monroe Friedlander; 808-330-2900, 808-295-2582 or 808-523-9758; Emails: jeg@colliershawaii.com, nathan@colliershawaii.com and kelli@colliershawaii.com. Cedarwood Development, Inc. is developing The Falls at Prairie Star, a 667,529 sq.ft. mixed-use project being developed in phases at the intersection of KS Highway 7 and Prairie Star Parkway in Lenexa, KS. Space is available along with outlots. Area demographics include a population of 398,000 within 10 miles earning $86,000 as the average household income. The average daily traffic count is 49,000 vehicles. For more information, contact Kelly Takach, Cedarwood Development, Inc., 1765 Merriman Road, Akron, OH 44313; 330-836-9971, Fax 330-864-8094; Email: ktakach@cedarwoodd.com; Web site: www.cedarwooddevelopment.com. Territory, Inc. is preleasing Fire Station Plaza, a 28,000 sq.ft. center located at the intersection of Southern Highlands Parkway and Valley View in Las Vegas, NV. For more information, contact Territory, Inc., 5785 Centennial Center Boulevard, Suite 230, Las Vegas, NV 89149; 702-8228200; Web site: www.territoryinc.com. www.dealmakers.net
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Fameco Real Estate is preleasing Teterboro Landing, a 425,000 sq.ft. mixed-use power center located at the intersection of Route 46, Route 17 and Industrial Avenue in Teterboro, NJ. Anchor, junior anchor and shop spaces are available along with pad sites. Area retail includes Ashley Furniture Homestore, IHOP, Houlihan’s, Strauss Discount Auto, T.G.I. Friday’s and Wendy’s. Area demographics include a population of 2.027 million within a 16-minute drive-time earning $78,417 as the average household income. The average daily traffic count is more than 142,000 vehicles. For more information, contact Steven Winters, Michael Horne or Jeffrey Cohen, Fameco Real Estate, 555 U.S. Highway 1 South, Suite 400, Iselin, NJ 08830; 732-526-9100, Fax 732-526-9101; Emails: swinters@famecoretail. com, mhorne@famecoretail.com and jcohen@famecoretail.com. SRS Real Estate Partners is preleasing Fairfield Commons, a 36,000 sq.ft. center located at the intersection of Route 1 and Interstate 95 in Fairfield, CT. Super Stop & Shop shadow-anchors the center. Area retail includes Bed Bath & Beyond, Marshalls, CVS, Home Depot, OfficeMax and Whole Foods Market. Area demographics include a population of 181,485 within five miles earning $62,300 as the median household income. For more information, contact Christa Minogue, SRS Real Estate Partners, 366 Madison Avenue, 5th Floor, New York, NY 10017; 212-710-5247; Email: christa.minogue@srsre.com; Web site: www.srsre.com. National Realty & Development Corp. is developing Lincoln Plaza, a 197,500 sq.ft. community shopping center situated on 27.5 acres along Route 30/York Road in Gettysburg, PA. Spaces from 7,000 sq.ft. to 132,000 sq.ft. are available along with pad sites. Area retail includes Giant and Peebles Plaza, featuring CVS and Staples. Area demographics include a population of 162,977 within 15 miles earning $54,103 as the median household income. The average daily traffic count is 16,540 vehicles. Construction on the project is slated to begin during spring 2012 with completion slated for spring 2013. For more information, National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web D M site: www.nrdc.com.
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Who’s Opening and Where Nordstrom, Inc. (206-628-2111) will open a Nordstrom store at City Creek Center, a mixed-use project under development on 23 acres in Salt Lake City, UT. The store, along with Macy’s, will anchor the retail section of the project, which will also feature office and residential components. The project is slated to open during March, with tenants including 77kids, BCBG, Bose, Brooks Brothers, Coach, Cotton On, The Limited, L’Occitane, Love Culture, Lush Fresh Handmade Cosmetics, Michael Kors, N3L Optics, Pandora, Papayrus, Porsche Design, Swarovski, Texas de Brazil, Tiffany & Co., TUMI and Yankee Candle Co. The company also plans to open a 35,000 sq.ft. Nordstrom Rack store in Manchester, MO. The store is slated to open next fall and will be the company’s second in the greater St. Louis, MO area. The company currently operates 219 locations nationwide throughout 29 states, including 116 fullline Nordstrom stores, 99 Nordstrom Rack locations, two Jeffrey boutiques and one clearance store. Alamo Drafthouse Cinemas, Ltd. (512219-5408) will open a 31,000 sq.ft. Alamo Drafthouse Cinema at Aspen Grove Shopping Center in Littleton, CO. The movie theater, also offering dinner and drinks, will be the company’s first in the state and is slated to open by fall 2012. The company also plans to open an eight-screen location at the intersection of Slaughter Lane and MoPac Expressway in South Austin, TX. The theater, which will be known as Alamo Slaughter Lane, will feature a cocktail lounge and a microcinema – a 34seat theater with a large screen – as well as a test kitchen for the company to introduce new menu items and specials. The location is slated to open early next year. Target Corp. (612-304-6073) will open a Target at the intersection of Jackson Boulevard and Aberdeen Street in the West Loop area of Chicago, IL. The store will feature a full grocery department as well as a pharmacy, a health clinic and an in-store Starbucks location. The store is slated to open during June of next year. The company currently operates more than 1,700 locations nationwide. Publix Super Markets, Inc. (863-688-1188) will open a 45,600 sq.ft. Publix supermarket in a former Winn-Dixie at Boynton Lakes Plaza, a 117,000 sq.ft. neighborhood shopping center located at the intersection of Congress Avenue and Hypoluxo Road in Boynton Beach, FL. The store, which will anchor the center, will replace an existing, smaller store in the area, and is slated to open late next summer. page 4
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Wal-Mart Stores, Inc. (479-273-4000) will open a 160,000 sq.ft. Walmart Supercenter at the intersection of M-66 and Morgan Road in Pennfield Township, MI. Construction on the project was originally slated to begin during August, but has been delayed for 12 to 18 months due to the poor economy. The opening will be the company’s second in the Battle Creek, MI area. The company also plans to open a store in a former Sam’s Club along Second Street South in St. Cloud, MN, as well as a 115,000 sq.ft. store situated on 10 acres near Chicago Avenue in South Milwaukee, WI; a 38,000 sq.ft. Walmart Neighborhood Market in part of a former Jewel-Osco along North 124th Street in Wauwatosa, WI, and a 140,000 sq.ft. store on 17.2 acres along South 108th Street in Greenfield, WI. The company currently operates more than 9,000 locations nationwide and internationally throughout 15 countries. Dollar Tree Stores, Inc. (757-321-5000) plans to open a Dollar Tree store in part of a 43,780 sq.ft. former Kroger located within River Landing Shopping Center, a 54,000 sq.ft. center under redevelopment along Ramsey Street in New Bern, NC. Shoe Show and It’s Fashion Metro will occupy the remainder of the Kroger space. The redevelopment is slated for completion during January, with the new tenants expected to open during March, joining Jackson Hewitt, Center State Beauty Salon, Lucky’s Irish Pub and Healthwise Natural Foods at the center. The company currently operates more than 4,100 locations nationwide. Crumbs Holdings, LLC (877-278-6270) plans to open between 16 and 18 Crumbs Bake Shop locations nationwide by year’s end, up from a previously-estimated 14 to 16 stores, as part of a plan to operate 200 stores nationwide by the end of 2014. The company currently operates 35 locations, offering cupcakes and other baked goods, nationwide. Robb & Stucky (866-460-9946) is scouting potential furniture store locations throughout southwestern FL and along the western coast of the U.S. The company was recently reacquired following a bankruptcy earlier this year. Bill the Butcher, Inc. (800-781-3677) plans to open eight Bill the Butcher stores by March of next year. Planned openings include stores in the Seattle, WA area, and the company is also considering potential locations in CA and TX. The company currently operates six stores, offering organic and natural meat products.
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Heinen’s Fine Foods (216-475-2300) will open a 38,000 sq.ft. grocery store in a former Staples at The Shops at Flint Creek, located along North Hough Street in Barrington, IL. The store, offering specialty and organic foods, as well as featuring a deli counter and floral department, is slated to open by next summer and will be the company’s first in the Chicago, IL market. The company currently operates 17 locations throughout the Cleveland, OH area. Michael Kors USA, Inc. (800-908-1157) plans to open a Michael Kors store in a former Lee Michaels at The Shops at Canal Place, located in New Orleans, LA. The store will be in the company’s lifestyle concept, focusing on accessories and ready-to-wear clothing. The company recently opened a flagship store at Rockefeller Center in New York, NY and currently operates 80 locations nationwide and internationally, as well as six collection boutiques featuring the designer’s runway collection. Ross Stores, Inc. (925-965-4400) will open a 25,000 sq.ft. Ross Dress for Less store at Windsor Park Centre, a 200,000 sq.ft. center located at the intersection of Interstate 35 and Walzem Road in Windcrest, TX. The store is slated to open early next year and will join Michaels, Cavender’s Boot City, Office Depot and PetSmart at the center. The company currently operates 1,013 Ross Dress for Less stores nationwide throughout 27 states and in Guam. AFC Enterprises, Inc. (404-459-4450) plans to open five Popeye’s restaurants throughout Manatee and Sarasota counties in FL during the coming several years. The company currently operates one location each in the two counties, and has opened 23 locations nationwide this year. Flip Flop Shops, Inc. (770-424-0027) plans to open 30 Flip Flop Shops this year, as part of a plan to operate 236 stores nationwide and internationally by 2013. The company currently operates 45 stores nationwide. Dick’s Sporting Goods, Inc. (724-273-3400) will open a 44,166 sq.ft. Dick’s Sporting Goods store at Esplanade Shopping Center, located at the intersection of Oxnard Boulevard and U.S. Highway 101 in Oxnard, CA. The store will be the company’s 19th in the state and will join Home Depot, Bed Bath & Beyond, Nordstrom Rack and T.J. Maxx at the center. The company currently operates 455 locations throughout 42 states nationwide. (continued on page nine)
Buyers and Sellers Faris Lee Investments is selling a parcel tenanted by a 4,000 sq.ft. Shell with a convenience store and car wash situated on 1.013 acres along Rancho Parkway in Lake Forest, CA. Area retail includes EZ Lube, FedEx Office, 24 Hour Fitness, El Pollo Loco, Jack in the Box, Fantastic Sams and Quiznos. The average daily traffic count is 54,000 vehicles. The NOI is $144,624. The asking price is $2.4 million with a Cap rate of 6%. The company is also selling Riggs Marketplace, an 18,241 sq.ft. center situated on 1.557 acres along East Riggs Road in Chandler, AZ. Tenants include Subway, Panda Express, Little Caesar’s, Great Clips and The UPS Store. Area retail includes Anytime Fitness, Walgreens, Fry’s and Jack in the Box. The average daily traffic count is 28,000 vehicles. The NOI is $412,315. The asking price is $5.5 million with a Cap rate of 7.5%. The company is also selling a 6,900 sq.ft. freestanding building situated on 1.03 acres at Chino Spectrum Towne Center, an 830,000 sq.ft. open-air center located along Grand Avenue in Chino, CA. Tenants at the center include Walmart Supercenter, Nordstrom Rack, Sam’s Club and Kohl’s. The average daily traffic count is 76,000 vehicles. The NOI is $135,632. The asking price is $1.233 million with a Cap rate of 11%. The company is also selling a 14,841 sq.ft. Marketside by Walmart situated on 2.06 acres at the intersection of West Elliot Road and North Cooper Road in Gilbert, AZ. The average daily traffic count is 49,500 vehicles. The NOI is $344,311. The asking price is $4.749 million with a Cap rate of 7.25%. The company is also selling a 1,400 sq.ft. Chevron situated on a land area of 15,821 sq.ft. at the intersection of Barton Road and Mt. Vernon Avenue in Grand Terrace, CA. The tenant is bound to a 20-year NNN lease featuring annual rent escalations of 2%. The average daily traffic count is 149,000 vehicles. The NOI is $180,000. The asking price is $2.769 million with a Cap rate of 6.5%. The company is also selling a 2,491 sq.ft. Popeye’s situated on 0.29 acres at the intersection of East 10th Street and G Street in Marysville, CA. The tenant is bound to a NNN lease. Area retail includes Taco Bell, RadioShack, Denny’s, Walgreens, CVS and Starbucks. The average daily traffic count is 48,000 vehicles. The NOI is $39,600. The asking price is $660,000 with a Cap rate of 6%. For more information, contact Faris Lee Investments; 949-221-1800 or 602-7148062; Web site: www.farislee.com. Stan Johnson Co. is selling a 7,000 sq.ft. Advance Auto situated on a land area of 0.68 acres along North Elm Road Northeast
in Warren, OH. The tenant is bound to a 10-year NN lease with 2.5 years remaining on the initial term featuring two, five-year options. Area retail includes Tractor Supply Co., Walmart Supercenter, CVS, Walgreens, Aaron’s, Wendy’s, Burger King, Dollar General and Dollar Tree. The average daily traffic count is 19,430 vehicles. The NOI is $103,023. The asking price is $1.114 million with a Cap rate of 9.25%. The company is also selling a 16,264 sq.ft. center located along Highway 412 West in Siloam Springs, AR. The property is 100% leased with tenants including Dollar General, Rent-ACenter, Verizon Wireless, and Eureka Pizza. Area retail includes Walgreens, USA Drug, IGA Grocery, Sears and Ashley Furniture. The average daily traffic count is 29,000 vehicles. The NOI is $157,369. The asking price is $1.574 million with a Cap rate of 10%. The company is also selling a 3,356 sq.ft. Florida Bank situated on 0.62 acres along South Dale Mabry Highway in Tampa, FL. The tenant is bound to a 20-year NNN lease with 17 years remaining on the initial term featuring four, five-year options and 10% rent escalations every five years. Area retail includes CVS, Regions Bank, Pizza Hut, Starbucks, The UPS Store, Burger King, Chick-fil-A and IHOP. The NOI is $300,000. The asking price is $3.75 million with a Cap rate of 8%. For more information regarding the Warren property, contact Anne Perrault or Brad Moulder, Stan Johnson Co., 6120 South Yale Avenue, Suite 813, Tulsa, OK 74136; 918-494-2690, Fax 918-494-2692; Web site: www.stanjohnsonco.com. For more information regarding the Siloam Springs property, contact Rod Pickney or Chad Byerly. For more information regarding the Tampa property, contact Greg S. Bond. PB Brokerage, LLC is selling a Family Dollar located in Lake Arthur, LA. The tenant is bound to a 10-year lease featuring six, fiveyear options. The asking price is $804,143 with a Cap rate of 8.35%. For more information, contact Royce Snider, PB Brokerage, LLC; 573-421-3600; Email: royce@se-holdings.com; Web site: www.pbbrokerage.com. Carter, on behalf of a client, seeks to acquire Walgreens, CVS and Rite Aid properties located throughout the southeastern region of the U.S. Suitable properties are priced between $3.5 million and $4.5 million. For more information, contact Michael R. Koch, Carter, 171 17th Street Northwest, Suite 1200, Atlanta, GA 30363-1032; 770654-3968, Fax 404-888-6586. www.dealmakers.net
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Sperry Van Ness|Fortis Net Lease, with Dietz Commercial, is selling Warren Commons, located in Warren, PA. Walmart Supercenter and Lowe’s Home Improvement shadow-anchor the center. The property is 97.4% occupied with tenants include GNC, Fashion Bug and Maurices. The asking price is $5.402 million with a Cap rate of 10%. The company is also selling a Taco Bell located in North Little Rock, AR. The tenant is bound to a 20-year NNN lease featuring annual rent escalations. Area retail includes Walmart Supercenter. The asking price is $1.538 million with a Cap rate of 6.73%. The company is also selling Oakview Plaza, located in Hopkinsville, KY. The center is 88% occupied and anchored by Food Lion, which is bound to a lease with eight years remaining on the term. The asking price is $3.683 million with a Cap rate of 8%. Sperry Van Ness|The Kase Group is selling a portfolio of Arby’s properties located in Boone, Monroe, Franklin, Lenoir, Wadesboro, Matthews, Asheville, Hickory, Shelby, Pineville and Concord, NC. The tenants are bound to 20-year net leases featuring 5% rent escalations every five years. The asking prices range from $1.12 million to $2.08 million with a Cap rate of 7.5%. The properties are also available individually. For more information regarding Warren Commons or Oakview Plaza, contact Doug Passon, Sperry Van Ness|Fortis Net Lease; 248-254-3407; Email: dpasson@svn.com Web site: www.fortisnetlease.com. For additional information regarding Warren Commons, contact Michael Fennessy, Dietz Commercial; 248-646-7722. For more information regarding the Arby’s properties, contact Kase Abusharkh, Sperry Van Ness|The Kase Group, 252 Abigail Circle, Danville, CA 94506; 925-348-1844; Email: kase@svn.com; Web site: www.thekasegroup.com. Or Chris Sands, Sands Investment Group; 310-774-3773; Email: info@sands-group.com. Henzlik-Oliver Real Estate Cos., LLC, in a partnership with S/I Real Estate, acquired North Hill Shopping Center, a 145,000 sq.ft. center located in Harrison, AR. At the time of sale, the center was 100% occupied with tenants including Tractor Supply Co., Carmike Theatre, Fred’s, Big Lots and Country Mart Grocery. For more information, contact Tyler S. Oliver or Douglas L. Henzlik, HenzlikOliver Real Estate Cos., LLC, 13356 Metcalf Avenue, Overland Park, KS 66213; 913438-9900, Fax 913-438-9994; Web site: www.henzlikoliver.com.
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Exclusives and Leasing Assignments Epsteen & Associates (858-536-8383 or 310451-8171) represents the following retailers with their expansion plans throughout San Diego and Imperial County, CA: Kay Jewelers, seeking spaces of 1,800 sq.ft. to 2,200 sq.ft.; Pacific Sales, seeking sites of 22,000 sq.ft.; La Curacao, occupying spaces of 80,000 sq.ft. to 100,000 sq.ft.; Michaels, utilizing sites of 21,300 sq.ft. in anchored regional shopping centers and freestanding locations; Sammy’s Woodfired Pizza, seeking sites of 3,200 sq.ft. to 3,500 sq.ft. in sites with patio seating; Rent-ACenter, occupying sites of 4,250 sq.ft.; Carl’s Jr., utilizing spaces of 30,000 sq.ft., and Aaron Brothers, seeking spaces of 6,000 sq.ft. The company also represents the following retailers throughout southern CA: Petco, seeking spaces of 13,500 sq.ft. to 15,000 sq.ft.; Children’s Learning Adventure, occupying sites of 25,000 sq.ft. with a 25,000 sq.ft. outdoor play area; Pacific Dental Services, utilizing spaces of 2,600 sq.ft. to 4,200 sq.ft.; AT&T Mobility, seeking sites of 3,000 sq.ft.; Party City, occupying sites of 10,000 sq.ft. to 12,000 sq.ft.; CosmoProf, seeking spaces of 2,000 sq.ft. to 2,600 sq.ft.; Kerasotes Movie Theater, utilizing sites of 60,000
Sources of Financing The Telemarque Group, Ltd., LLC provides financing for the acquisition and refinancing of retail, mixed-use, office, multifamily, hospitality, light industrial and storage properties nationwide, excluding CA. Loans are available featuring 10-year terms, an interest rate between 5% and 6% and a 25-year amortization schedule. For more information, contact James Mackey, The Telemarque Group, Ltd., LLC; 504-355-1077, Fax 215-544-0226; Email: telemarque@msn.com.
sq.ft. to 70,000 sq.ft., and General Discount, seeking sites of 16,000 sq.ft. to 30,000 sq.ft. L3 Corp. (314-469-7400) represents the following retailers with their expansion plans: Deal$, throughout southern IL and MO, excluding the Kansas City metropolitan area, seeking sites of 8,000 sq.ft. to 12,000 sq.ft. in power and strip centers; Cato, throughout southern IL and MO, seeking spaces of 4,000 sq.ft. to 5,000 sq.ft. in power centers; It’s Fashion Metro, throughout St. Louis and northern MO, occupying spaces of 9,000 sq.ft. to 11,000 sq.ft. in power and strip centers; Christopher & Banks, throughout MO, utilizing sites of 3,500 sq.ft. to 5,000 sq.ft. in power and strip centers; Ross Dress for Less, throughout central and southern IL, northern KY and eastern MO, seeking sites of 22,000 sq.ft. to 25,000 sq.ft. in malls and power centers; Rainbow, throughout the St. Louis, MO metropolitan area, seeking spaces of 5,000 sq.ft. to 10,000 sq.ft. in power and strip centers, and dressbarn, throughout AR, the St. Louis, MO metropolitan area and OK, occupying sites of 7,500 sq.ft. in malls and D M power and strip centers.
American Funding Solutions, on behalf of a lender, provides financing for the acquisition and refinancing of retail, office, industrial and multifamily properties. Loans are available in amounts between $10 million and $150 million for terms of three, seven and 10 years, featuring interest rates between 3% and 4% and a maximum loan-to-value ratio of 75%. For more information, contact Kris Raman, American Funding Solutions, 4695 Chabot Drive, Suite 200, Pleasanton, CA 94588; 925-558-2743; Web site: www.amrfunding.com. DM
Land Development Opportunity Surrounding Suburban Plaza, Newark, Delaware Parcel B: 11 Acres For Development
• Tax-Free Shopping in Delaware • Just Minutes from I-95 & DE/MD Border Christina Parkway (DE Route 4)
• Adjacent to the Suburban Plaza Shopping Center & University of Delaware Parcel A: 18.4 Acres For Development
Please contact The Bellevue Realty Team for more information: Marvin Sachs, William Fincher, Kevin McGonegal or Matthew Gehrke (302) 655-1818 • www.SuburbanPlazaDE.com page 6
October 21, 2011
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Elkton Road (DE Route 2)
• 29.4 Total Acres for Development
Food Retailers Expand Nationwide Chuck E. Cheese’s operates more than 500 locations nationwide throughout 48 states, as well as in six countries internationally. The restaurants and entertainment facilities occupy spaces of 14,000 sq.ft. to 18,000 sq.ft. in outlots of power and strip centers. Growth opportunities are sought throughout St. Louis, MO during the coming 18 months, with representation by L3 Corp. Jason’s Deli operates more than 215 locations nationwide. The delis occupy spaces of 4,800 sq.ft. in power, specialty and strip centers. Growth opportunities are sought throughout St. Louis, MO during the coming 18 months, with representation by L3 Corp. Original Pancake House operates 115 locations nationwide throughout 27 states. The familyoriented breakfast restaurants occupy spaces of 4,500 sq.ft. in freestanding locations and outlots. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. Chili’s operates more than 1,500 locations nationwide and internationally throughout 31 countries. The casual restaurants occupy a land area of 1.4 acres for freestanding locations and outlots of lifestyle and power centers. Growth opportunities are sought throughout IA, southern IL and MO during the coming 18 months, with representation by L3 Corp. The company prefers to acquire or ground lease sites. For more information regarding Chuck E. Cheese’s or Chili’s, contact Jay Cohen, L3 Corp., 12655 Olive Boulevard, Suite 220, St. Louis, MO 63141; 314-469-7400, Fax 314576-9768; Email: jay@l3corp.net; Web sites: www.l3corp.net, www.chuckecheese.com and www.chilis.com. For more information regarding Jason’s Deli, contact Scott Bitney; Email: scott@l3corp.net; Web site: www.jasonsdeli.com. For more information regarding Original Pancake House, contact Ian Silverman; Email: ian@l3corp.net; Web site: www.originalpancakehouse.com. San Sai Japanese Grill operates 33 locations throughout CA and MO. The Japanese fastcasual restaurants occupy spaces of 1,500 sq.ft. to 2,800 sq.ft. in downtown store fronts and entertainment, lifestyle, power and community shopping centers. Plans call for six openings throughout southern CA during the coming 18 months, with representation by Lee & Associates. Preferred cotenants include grocery stores, Henry’s, Ralph’s, Von’s and Target. For more information, contact Bo Havlik, Lee & Associates, 1900 Wright Place, Carlsbad, CA 92008; 760-448-2454, Fax 760-9299977; Email: bhavlik@lee-associates.com; Web site: www.sansaiusa.com.
Jamba Juice operates more than 740 locations nationwide. The health food restaurants, specializing in blended-to-order smoothies and juices, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in store fronts and endcaps of power, strip and neighborhood shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Epsteen & Associates. Typical leases run 10 years with options. Preferred demographics include a population of 50,000 within three miles. Starbucks operates more than 17,000 locations nationwide and internationally. The coffee shops occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Epsteen & Associates. The company will also consider sites with a drive-thru. For more information, contact Jason Gordon, Epsteen & Associates, 1429 4th Street, Santa Monica, CA 90401; 310451-8171 Ext. 222, Fax 310-395-6361; Email: jgordon@epsteen.com; Web site: www.epsteen.com. For additional information regarding Jamba Juice, contact LeeAnn Rosenblum; 310-451-8171 Ext. 249; Email: lrosenblum@epsteen.com. For additional information regarding Starbucks, contact LeeAnn Rosenblum, Parks Landon or Tom Breen; 310-451-8171 Ext. 243/233; Emails: plandon@epsteen.com and tbreen@epsteen.com. Sakura Garden operates 15 locations throughout CT and Westchester, NY. The restaurants occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in malls and power and strip centers. Growth opportunities are sought throughout the existing markets, as well as MA and RI, during the coming 18 months, with representation by Oxford Real Estate Services Group. Typical leases run 10 years. A vanilla shell and specific improvements are required. Preferred cotenants include supermarkets and apparel and big box retailers. Preferred demographics include a population of 30,000 within three miles earning $55,000 as the average household income. Pizza Universe operates 15 locations throughout CT. The pizzerias occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in strip centers. Plans call for five openings throughout Milford and Stratford, CT and Westchester, NY during the coming 18 months, with representation by Oxford Real Estate Services Group. Typical leases run 10 years with two, five-year options. For more information, contact Michael Berke, Oxford Real Estate Services Group, 388 East Main Street, Branford, CT 06405; 203-483-2900, Fax 203-483-2999; Email: oxfordre@aol.com. www.dealmakers.net
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Wingstop operates 485 locations nationwide and throughout Mexico. The restaurants, offering a variety of chicken wings, as well as fries, soft drinks and beer and wine, occupy spaces of 1,400 sq.ft. to 1,600 sq.ft. in split pad sites and endcaps of shopping centers. Growth opportunities are sought throughout Los Angeles and Orange counties in CA during the coming 18 months, with representation by Commercial West Brokerage. Expansion is franchise-driven. Panera Bread operates 1,493 locations nationwide throughout 40 states, as well as in Canada. The restaurants, offering sandwiches, salads, soups, specialty breads and desserts, occupy spaces of 4,200 sq.ft. to 4,600 sq.ft. in freestanding locations and pad sites and endcaps of shopping centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. The company prefers freestanding locations with patio space. Chipotle operates 1,000 locations nationwide. The Mexican restaurants occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. For more information, contact John Romm, Commercial West Brokerage, 2443 East Coast Highway, Corona del Mar, CA 92625; 949-723-7300 Ext. 15, Fax 949-723-7301; Email: jromm@commercialwest.com; Web site: www.commercialwest.com. CKE Restaurants, Inc. operates 3,160 locations nationwide and internationally, trading as Carl’s Jr. throughout the western region of the U.S. and as Hardee’s throughout the eastern region. The restaurants, offering burgers, chicken sandwiches and salads, occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding locations and regional centers. Plans call for 40 to 50 locations throughout AK, AZ, CA, CO, FL, GA, HI, ID, KS, NC, NM, NV, OK, OR, TX, UT and WA during the coming 18 months. Typical leases run 20 years. Preferred demographics include a population of 20,000 within two miles earning $50,000 as the average household income. Major competitors include Wendy’s and McDonald’s. A land area of 24,000 sq.ft. to 35,000 sq.ft. is required for freestanding locations. The company is also looking for expansion in Mexico. For more information, contact Becky Davis, CKE Restaurants, Inc., 6307 Carpinteria Avenue, Suite A, Carpinteria, CA 93013; 888-688-7537, Fax 714-780-6345; Web site: www.carlsjr.com. DM
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Supermarket Chains Expand Nationwide (continued from page one)
Harris Teeter, Inc. trades as Harris Teeter at 204 locations throughout DE, FL, GA, MD, NC, SC, TN, VA and Washington, DC. The supermarkets, featuring meat, floral, seafood and produce departments, as well as a pharmacy, occupy spaces of 30,000 sq.ft. to 60,000 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. For more information, contact Keith Rudemiller, Harris-Teeter, Inc., 701 Crestdale Road, Matthews, NC 28105; Web site: www.harristeeter.com.
Kroger Co. trades as Kroger at 109 locations throughout IN, KY and OH. The supermarkets, featuring deli, bakery, seafood, meat and produce departments, as well as a pharmacy, occupy spaces of 60,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Monte Chesko, Kroger Co. (Cincinnati/Dayton Div.), 130 Tri County Parkway, Suite 324, Cincinnati, OH 45246-3217; 513782-3463, Fax 513-782-8426; Web site: www.kroger.com.
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CHICAGO, IL | PEORIA, IL | ST. LOUIS, MO 309.999.1700 page 8
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Stop & Shop Supermarkets Co. trades as Stop & Shop at more than 360 locations throughout CT, MA, NH, NJ, NY and RI. The supermarkets, featuring meat, deli, seafood, produce, bakery and floral departments, as well as offering natural food products, health and beauty aids, pet supplies and gasoline facilities in select locations, occupy spaces of 35,000 sq.ft. to 70,000 sq.ft. in freestanding locations and mixed-use and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years. Preferred cotenants include home improvement and discount department stores. Preferred demographics include a population of 30,000 within two miles. For more information, contact Jim Sylvia, Stop & Shop Supermarkets Co., 1385 Hancock Street, Quincy, MA 02169; 617770-8626, Fax 617-770-6222; Web site: www.stopandshop.com. Fresh & Easy Neighborhood Market operates 185 locations throughout AZ, CA and NV. The supermarkets, featuring meat, seafood, produce, deli and bakery departments, as well as offering prepared food items and health and beauty aids in eco-friendly building prototypes, occupy spaces of 4,500 sq.ft; 10,000 sq.ft. or 15,000 sq.ft. in freestanding locations and shopping centers. Growth opportunities are sought from the San Fernando Valley to northern Los Angeles County in CA during the coming 18 months, with representation by Epsteen & Associates. For more information, contact Jason Gordon or Michael Borman, Epsteen & Associates, 1429 4th Street, Santa Monica, CA 90401; 310-451-8171 Ext. 222, Fax 310395-6361; Emails: jgordon@epsteen.com and mborman@epsteen.com. Dahl’s Foods operates 13 locations throughout IA. The supermarkets, featuring deli, produce, meat, bakery and floral departments, as well as offering health and beauty items, occupy spaces of 55,000 sq.ft. to 75,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. The company prefes new construction opportunities. For more information, contact David Sinnwell, Dahl’s Foods, 4343 Merle Hayroad, Des Moines, IA 50310; 515-278-1657, Fax 515-278-0012; Email: davidsinnwell@dahlsfoods.com; Web site: www.dahlsfoods.com. DM
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Who’s Opening and Where (continued from page four)
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Whole Foods Market, Inc. (512-477-4455) plans to roll out a new concept, Wellness Club, in five cities with existing Whole Foods Market stores. The clubs, for a monthly fee, will offer nutrition and cooking classes, lifestyle evaluations and discounts on items at Whole Foods Market locations. The company is considering opening 10 additional clubs within its existing market by 2013 if the concept proves successful. The company currently operates more than 300 specialty supermarkets nationwide and throughout Canada and the United Kingdom.
Cushman & Wakefield|Thalhimer negotiated the sale of Stonebridge Village Shopping Center, an 85,499 sq.ft. neighborhood shopping center located along Ten Ten Road in Cary, NC. At the time of sale, the center was anchored by Harris Teeter. Suburban Asset Management, LLC acquired the property from Ten Ten Commons, LLC for $14.325 million. The company represented the buyer and Marcus & Millichap represented the seller in the transaction. The company also negotiated the sale of a 22,657 sq.ft. freestanding former Circuit City situated on 2.92 acres at Southpark Square, located along Southpark Boulevard in Colonial Heights, VA. CHVA Properties, LLC acquired the property from 1823 Southpark, LLC for $1.1 million. For more information regarding the Cary property, contact Troy Parker, Cushman & Wakefield|Thalhimer, 11100 West Broad Street, Glen Allen, VA 23060; 757457-9998, Fax 804-697-3479; Email: troy.parker@thalhimer.com; Web site: www.thalhimer.com. For more information regarding the Colonial Heights property, contact Connie Jordan Nielsen; 804-6973569; Email: connie.nielsen@thalhimer.com.
Von Maur, Inc. (563-388-2200) plans to open an 80,000 sq.ft. Von Maur department store at Iowa River Landing, an open-air mixeduse project currently under development on 180 acres at the intersection of Interstate 80 and First Avenue in Coralville, IA. The project features a retail component and a 100-unit hospitality component. The store will anchor the retail component and is slated to open during 2013. The company currently operates 25 locations throughout 10 states nationwide. Petsense, LLC (480-663-9300) will open a Petsense pet supply store at Riverwalk Centre, located along West Pierce Street in Carlsbad, NM, and also plans to open additional locations throughout the state. The store will be the company’s fifth in NM. The company also plans to open more than 100 locations throughout select markets nationwide during the next several years, and currently operates 50 company-owned stores throughout 16 states nationwide. Tiffany & Co. (212-755-8000) will open a 7,000 sq.ft. store at the intersection of Greene Street and Wooster Street in the SoHo area of New York, NY. The store is slated to open during September of next year and will be the company’s third in the city. The company currently operates 98 locations nationwide. Lowe’s Cos., Inc. (704-758-1000) will open a Lowe’s Home Improvement store on 11 acres in Poway, CA. The store is slated to open late next year. The company currently operates more than 1,700 locations nationwide and throughout Canada and Mexico. Duckwall-ALCO Stores, Inc. (785-2633350) plans to open ALCO stores in Grand Prairie and Houston, TX during the second half of the company’s 2012 fiscal year. The company operates 213 locations throughout 23 states nationwide, with a focus on the central region. DM
Horizon Realty Services, Inc. negotiated the sale of a 3,200 sq.ft. freestanding building located along South Northwest Highway in Park Ridge, IL. A private entity acquired the property, which will be tenanted by Chipotle. The company represented the seller in the transaction. The company also negotiated the sale of Crawford Square, an 11,350 sq.ft. center located in Skokie, IL. Keeler Fog acquired the property from Crawford Square, LLC. The company represented the seller in the transaction. For more information, contact Barry J. Millman, Horizon Realty Services, Inc., 1130 Lake Cook Road, Suite 280, Buffalo Grove, IL 60089; 847-870-8585; Email: bmillman@horizonrealtyservices.com; Web site: www.horizonrealtyservices.com. The Rotella Group, Inc. is selling a 2,180 sq.ft. freestanding Taco Bell with a drivethru situated on 0.4 acres along South Dixie Highway in Naranja, FL. Area demographics include a population of 137,446 within five miles earning $53,432 as the average household income. The average daily traffic count is 5,880 vehicles. The asking price is $300,000. For more information, contact Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.com. www.dealmakers.net
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Holliday Fenoglio Fowler, LP is selling Sun Plaza, a 113,262 sq.ft. community shopping center located in Orlando, FL. Save-A-Lot anchors the center. Area demographics include a population of 267,000 within five miles. The average daily traffic count is 62,000 vehicles. For more information, contact Brad Peterson, Danny Finkle or Ruth Van Maldegem, Holliday Fenoglio Fowler, LP, 1450 Brickell Avenue, Suite 2950, Miami, FL 33131; 407-286-5224 or 305-448-1333, Fax 305-448-6767; Emails: bpeterson@hfflp.com, dfinkle@hfflp.com and rvanmaldegem@hfflp.com; Web site: www.hfflp.com. Anchor Commercial|CORFAC International negotiated the sale of a freestanding 5,000 sq.ft. former Hollywood Video situated on 0.63 acres along Ashley River Road in Charleston, SC. The property is an outlot to Pinepoint Shopping Center. The company represented the seller in the transaction. For more information, contact Will Sherrod, Anchor Commercial|CORFAC International, 126 Seven Farms Drive, Suite 110, Charleston, SC 29492; 843277-4322, Fax 843-747-1070; Web site: www.anchorcommercial.net. Oxford Chase Retail is selling three potential pad sites of 3,600 sq.ft., one acre and 1.5 acres along Bay Ridge Road in Annapolis, MD. Area retail includes Bay Forest Shopping Center, featuring Giant and Wachovia. Area demographics include a population of 49,392 within three miles earning $105,591 as the average household income. The average daily traffic count is 29,660 vehicles. For more information, contact William Steffey, Oxford Chase Retail, 9861 Broken Land Parkway, Suite 210, Columbia, MD 21046; 410-312-7222 Ext. 104; Email: bsteffey@oxfordchase.net; Web site: www.oxfordchase.net. Retail Solutions, on behalf of a client, is looking to acquire malls and outlet, power and strip centers throughout the southwestern region of the U.S. For more information, contact David Simmonds, Retail Solutions, 1122 Capital of Texas Highway, Suite 300, Austin, TX 78746; 512-474-5557, Fax 512-474-5559; Email: david@retailsolutions.us; Web site: D www.retailsolutions.us. M
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Real Estate Professionals Making the News The Wilder Cos. (603-502-2788) hired David P. Morency as senior vice president of finance. He will be responsible for the finance and accounting functions of the company and its managed properties, as well as oversight of the company’s human resources and IT departments. Prior to joining the company, Morency served as senior vice president – finance at Carpenter & Co., and as chief financial officer/chief investment officer at Northland Investment Corp. The company also hired Matt Joyce as a property manager. He is responsible for a portfolio of shopping centers from the Boston, MA metropolitan area to CT and NJ. Prior to joining the company, he served at KeyPoint Partners, and as an asset manager at KS Partners, LLC. The company specializes in the merchandising and positioning of retail properties, and maintains a portfolio of 50 properties along the East Coast and in IL. Lee & Associates (773-355-3000) hired Joseph Herron and Jason Sorce as senior vice presidents at the company’s Chicago, IL office. Prior to joining the company, Herron served as a retail broker at Mid-America Real Estate Corp., where he specialized in tenant representation and property leasing, and Sorce served at SRS Real Estate Partners and NAI Hiffman. The company provides commercial real estate services out of 43 locations nationwide. SRS Real Estate Partners (214-560-3215) hired Scott Ellsworth as a senior associate at the company’s Phoenix, AZ office. He specializes in tenant and landlord representation. Prior to joining the company, he served at NAI Horizon, Colton Commercial and CB Richard Ellis. The company, headquartered in Dallas, TX, is a national retail real estate firm offering brokerage, corporate, development, investment and managed services. In the Sept. 23 issue of Dealmakers, we incorrectly reported that Mid-America Real Estate Group had formed a strategic partnership with Sitehawk Retail Real Estate with the goal of acquiring investment properties. The corrected item is below: Mid-America Real Estate Group (630-9547300) formed a strategic partnership with Sitehawk Retail Real Estate, a firm specializing in tenant and landlord representation, as well as property management, with the goal of representing investors in the purchase and sale of retail single-tenant investment properties throughout the IN market. The company is a full-service retail real estate organization operating throughout the midwestern region of the U.S., with offices in Chicago, IL; Detroit, MI; Minneapolis, MN and Milwaukee, WI. DM page 10
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Lease Signings Mid-America Asset Management, Inc. (630954-7300) negotiated a lease with Arthur Murray Dance Studio for 3,200 sq.ft. at Regency Place, a 14,400 sq.ft. center located at the intersection of Meyers Road and 22nd Street in Oakbrook Terrace, IL. The company represented the landlord and Coleman Land Co., represented the tenant in the transaction. The company also negotiated a lease with D & E Laundry, Ltd. for 5,026 sq.ft. at Howard & Western Shopping Center, an 89,129 sq.ft. center located at the intersection of Howard Street and Western Avenue in Chicago, IL. Cotenants at the center include Dots, Rent-A-Center and Fifth Third Bank. The company represented the landlord in the transaction. The company also negotiated a lease with Tuesday Morning for 10,400 sq.ft. at Southport Plaza, a 371,704 sq.ft. center located at the intersection of Highway 50 and Green Bay Road in Kenosha, WI. Cotenants at the center include OfficeMax, Petco, Subway and Kohl’s. The company represented the landlord in the transaction. The company also negotiated a lease with Five Below for 8,000 sq.ft. at Oakridge Court, a 289,178 sq.ft. center located at the intersection of Randall Road and Harnish Drive in Algonquin, IL. Cotenants at the center include JCPenney, Toys “R” Us, Babies “R” Us and T.J. Maxx. The company represented the landlord and Great Street Realty represented the tenant in the transaction. The company also negotiated a lease with The Futon Factory for 11,000 sq.ft. at Edison Park, an 87,788 sq.ft. center located at the intersection of Route 59 and 127th Street in Mishawaka, IN. Cotenants at the center include Starz Academy, Interim Healthcare, India Garden and Lincare. The company represented the landlord in the transaction. The company also negotiated a lease with Premier Furniture Outlet for 38,975 sq.ft. at Aurora Marketplace, a 336,359 sq.ft. center located at the intersection of Route 59 and 7th Street in Aurora, IL. Cotenants at the center include The Sports Authority and Hobby Lobby. The company represented the landlord in the transaction. Centers Business Management (310-5751517) negotiated a lease with Simi Valley Laundry for 5,985 sq.ft. along East Los Angeles Street in Simi Valley, CA. The company also negotiated a lease with 7-Eleven for 5,985 sq.ft. along Oxnard Street in Van Nuys, CA. JAB Real Estate Opportunity Fund II (773472-9600) signed a lease with Lululemon Athletica for 4,000 sq.ft. along North Southport in Chicago, IL. Jameson Sotheby’s International Realty represented the company in the transaction. Dealmakers
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Zell Commercial Real Estate Services, Inc. (602-248-0600) negotiated the following leases throughout AZ: with Parson’s Interior Design for 1,000 sq.ft. at La Mirada, located along East Pinnacle Peak Road in Scottsdale, with the company representing the landlord, HCA AZ, LLC, in the transaction; with Payless for Smokes for 1,432 sq.ft. at Winsor Ranch Shopping Center, located along West Glendale Road in Phoenix, with the company representing the landlord, Pro’s Ranch Market, LLC, in the transaction; with Unforgettable for 1,717 sq.ft. at Laveen Marketplace, located at the intersection of 51st Avenue and West Baseline Road in Phoenix, with the company representing the landlord, Laveen Village TIC, LLC, in the transaction; with DanceStarz of Arizona for 2,575 sq.ft. at Cinema Park Shopping Center, located at the intersection of 7th Street and Missouri Avenue in Phoenix, with the company representing the landlord, Cinema Park Investments, LP, and Capital Realty Advisors representing the tenant in the transaction, and with Interior Motives for 3,154 sq.ft. along East Hartford in Scottsdale, with the company representing the tenant and LevRose representing the landlord in the transaction. Retail Solutions (512-474-5557) negotiated a lease with Claudia’s Hair Salon II for 1,100 sq.ft. at Pflugerville Biz Park, located along FM 685 in Pflugerville, TX. The company represented the landlord in the transaction. The company also negotiated a lease with Shine Salon and Spa for 1,312 sq.ft. at Hester’s Crossing, located in Round Rock, TX. The company represented the landlord and M.E. “Gene” Johnson Realtors, Inc. represented the tenant in the transaction. The company also negotiated a lease with Play N Trade for 1,400 sq.ft. at Abilene Corners, located along State Highway 51 in Abilene, TX. The company represented the landlord in the transaction. Welco Realty, Inc. (914-576-7500) negotiated leases with Pier 1 Imports for 8,500 sq.ft. at Rego Center in Queens, NY; for 9,000 sq.ft. at Summerhill Square in East Brunswick, NJ, and for 9,599 sq.ft. at Bay Plaza Shopping Center in Bronx, NY. The company represented the tenant in the transactions. Grubb & Ellis Co. (408-452-5900) negotiated a lease with Bay Area Family Fitness Centers for 38,133 sq.ft. at Gould Shopping Center, located along East Capitol Expressway in San Jose, CA. The company represented the tenant and Terranomics Retail Services represented the landlord, H.K.N. IV, LLC, in the transaction. DM
Lead Sheet Plass Appliance & Furniture, Inc. dba Plass Appliance & Furniture Dale Plass PO Box 757 Bloomingdale, IL 60108 Web site: www.plassappliance.com
Appliances The nine-unit chain operates locations throughout IL. The stores occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. The company will consider sites of up to 12,000 sq.ft. and prefers site submittals to be sent via the Web site.
Autonation, Inc. dba Autonation Harry Brumley 200 Southeast 1st Avenue, 14th Floor Ft. Lauderdale, FL 33301 954-769-7134, Fax 954-769-8954 Web site: www.autonation.com
Automotive The 210-unit chain operates locations nationwide. The automotive dealerships occupy freestanding buildings adjacent to malls and power centers situated on three to 15 acres. Growth opportunities are sought throughout major metropolitan markets throughout the southern region of the U.S. during the coming 18 months. Typical leases run 10 to 20 years. Preferred cotenants include big box retailers.
Bridgestone Retail Operations, LLC dba Firestone Ron Ricks 4219 Roswell Road, Suite A Marietta, GA 30062 770-321-4488, Fax 770-321-2240 Email: rricks@bfrc.com
Automotive The 2,100-unit chain operates locations nationwide. The automotive service centers occupy spaces of 8,500 sq.ft. in freestanding locations, malls and power and strip centers, as well as urban/downtown areas. Growth opportunities are sought throughout the southeastern, northeastern and midwestern regions of the U.S. during the coming 18 months. Preferred demographics include a population of 30,000 within three miles earning $30,000 as the average household income.
Brooks Auto Parts Co., Inc. dba Brooks Auto Parts Wayne Marsh 402 South Peterson Avenue Douglas, GA 31533 912-384-7818, Fax 912-384-1849
Automotive The 42-unit chain operates locations throughout GA. The stores, offering automotive parts and accessories, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months.
Midas Realty Corp. dba Midas International Corp. Steve Knapton 1300 Arlington Heights Road Itasca, IL 60143 Email: sknapton@midas.com Web site: www.midasfran.com
Automotive The 1,700-unit chain operates locations nationwide and in Canada. The automotive service centers occupy spaces of 3,500 sq.ft. to 6,000 sq.ft. in freestanding locations and endcaps of shopping centers. Growth opportunities are sought throughout AZ, CA, CO, ID, LA, MT, NM, NV, OR, TX, UT, WA and WY, as well as in western and Alberta and British Columbia, Canada during the coming 18 months. Typical leases run 10 to 20 years. Specific improvements are required. Preferred demographics include a population of 50,000 within three miles earning $40,000 to $50,000 as the average household income. A land area of 20,000 sq.ft. to 40,000 sq.ft. is required for freestanding locations. Expansion is franchisedriven. The company prefers site submittals to be sent via email.
Peerless Tyre Co. Jeff Forbes 5000 Kingston Street Denver, CO 80239 303-371-4300 Ext. 128, Fax 303-371-4749 Web site: www.peerlesstyreco.com
Automotive The 60-unit chain operates locations throughout CO, KS, NE, NM, SD, TX and WY. The tire stores occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. A land area of 20,000 sq.ft. is required.
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Lead Sheet Craddock Oil Co., Inc. dba Craddock Oil David Craddock PO Box 1430 McComb, MS 39648 601-684-5641 Ext. 11, Fax 601-684-2068
Convenience The 30-unit chain operates locations throughout MS. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market during the coming 18 months. A land area of 1.5 to two acres is required. The company prefers to acquire land.
Stein Mart, Inc. dba Stein Mart Kirk V. Light 1200 Riverplace Boulevard Jacksonville, FL 32207 904-346-1500, Fax 904-858-2636
Department Store The 260-unit chain operates locations nationwide. The department stores, offering family apparel, home goods and gifts, occupy spaces of 30,000 sq.ft. to 34,000 sq.ft. in lifestyle, power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Deal$ Ian Silverman c/o L3 Corp. 12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: ian@l3corp.net Web site: www.l3corp.net
Discount The 150-unit chain operates locations nationwide. The stores, offering general merchandise, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout southern IL and MO, excluding Kansas City and the surrounding areas, during the coming 18 months, with representation by L3 Corp.
Realo Discount Drug Stores, Inc. dba Realo Discount Drug Robert Bizzell 300 North Queen Street Kinston, NC 28501 252-527-6929, Fax 252-527-8247
Drug Store The 17-unit chain operates locations throughout NC. The drug stores occupy spaces of 600 sq.ft. to 2,400 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
Sav-Mor, Inc. dba Sav-Mor Pharmacy, Bertram Pharmacy and Toledo Pharmacy David Falk 2245 West Mound Road Decatur, IL 62526 217-362-6226, Fax 217-362-6241
Drug Store The 10-unit chain operates locations throughout IL. The drug stores occupy spaces of 2,500 sq.ft. in downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. Preferred demographics include a population of 3,000 within seven miles.
Children’s Learning Adventure Jason Gordon or Lee Ann Rosenblum c/o Epsteen & Associates 1429 4th Street Santa Monica, CA 90401 310-451-8171 Ext. 222, Fax 310-395-6361 Emails: jgordon@epsteen.com and lrosenblum@epsteen.com
Educational The 36-unit chain operates locations throughout AZ, CO, NV and TX. The children’s daycare and pre-school facilities occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in freestanding locations and neighborhood shopping centers. Growth opportunities are sought throughout southern CA during the coming 18 months, with representation by Epsteen & Associates. The company will consider acquiring sites and requires a 10,000 sq.ft. to 25,000 sq.ft. outdoor play area.
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Lead Sheet Cellular Central, Inc. dba Cellular Central George Simon 5215 Monroe Street Toledo, OH 43623 419-841-2450, Fax 419-841-1758
Electronics The 36-unit chain operates locations throughout OH. The electronics stores occupy spaces of 1,200 sq.ft. in malls and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
1-800-Flowers.com dba 1-800-Flowers Brian McGee One Old Country Road, Suite 500 Carle Place, NY 11514-1847 516-237-6000, Fax 516-237-4942 Email: bmcgee@1800flowers.com Web site: www.1800flowers.com
Florist The 150-unit chain operates locations throughout AZ, CA, FL, GA, MA, MI, NC, NJ, NY and TX. The florists occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in freestanding locations and strip centers. Plans call for 35 openings throughout the existing markets during the coming 18 months. Typical leases run five years. A vanilla shell is required. Preferred cotenants include supermarkets. Preferred demographics include a population of 75,000 within three miles earning $75,000 as the average household income. The company is franchising.
Sherwin Williams Co. (Southwest Division) dba Sherwin Williams Ray Starbuck 2100 Lakeside Boulevard, Suite 400-500 Richardson, TX 75082 214-553-2972, Fax 214-553-3913 Email: rstarbuck@sherwin.com Web site: www.sherwin.com
Home Improvements The 3,300-unit chain operates locations nationwide and internationally. The home improvement stores occupy spaces of 5,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the southwestern region of the U.S. during the coming 18 months. Typical leases run five years with options.
Yankee Equipment Systems Laundromats Neil Denenberg c/o Denenberg Realty Advisors 230 Commercial Street Boston, MA 02109 617-720-5656, Fax 617-720-5676
Laundromat The company operates locations throughout New England and upstate NY. The laundromats occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in neighborhood shopping centers. Growth opportunities are sought throughout New England during the coming 18 months, with representation by Denenberg Realty Advisors. The company will consider acquiring sites.
Party City Corp. dba Party City Doug Calvin 25 Green Pond Road Rockaway, NJ 07886 973-453-8810 Email: dcalvin@partycity.com Web site: www.partycity.com
Party Supplies The 800-unit chain operates locations nationwide. The stores, offering party supplies, costumes, paper products and cards, occupy spaces of 12,000 sq.ft. to 15,000 sq.ft. in lifestyle, power and community shopping centers. Plans call for 35 to 55 openings throughout the existing market during the coming 18 months. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Target. Preferred demographics include a population of 150,000 within five miles earning $55,000 as the average household income. Major competitors include dollar stores, other party supply stores and temporary Halloween stores.
Petco Andrew Feldman c/o KLNB Commercial Real Estate 100 West Road, Suite 505 Baltimore, MD 21204 443-632-2053 Email: afeldman@klnb.com
Pet Supplies The 1,000-unit chain operates locations nationwide. The pet supply stores occupy spaces of 12,000 sq.ft. to 13,500 sq.ft. in freestanding locations and power and strip centers. Growth opportunities are sought throughout MD, northern VA and Washington, DC during the coming 18 months, with representation by KLNB Commercial Real Estate. Typical leases run 10 years. Preferred demographics include a trade-area population of 100,000.
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Lead Sheet Charles David of California dba Charles David David Lann 5731 Buckingham Parkway Culver City, CA 90230 310-348-5050, Fax 310-342-6072 Email: david.lann@charlesdavid.com Web site: www.charlesdavid.com
Shoes The 24-unit chain operates locations throughout AZ, CA, FL, IL, MA, NJ, NY and PA. The shoe stores occupy spaces of 1,200 sq.ft. to 1,600 sq.ft. in lifestyle centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Ann Taylor, Banana Republic, BCBG, bebe, Bloomingdale’s, Donna Karen, Macy’s and Nordstrom.
Kiddie Kobbler, Ltd. dba Kiddie Kobbler Nancy Norman PO Box 27038 CDO Gardiners Kingston, Ontario, Canada K7M 8W5 613-592-5515, Fax 613-592-5314 Email: kiddiekobbler@rogers.com Web site: www.kiddiekobbler.ca
Shoes The 15-unit chain operates locations throughout Ontario, Canada. The children’s shoe stores occupy spaces of 1,000 sq.ft. in lifestyle, power and specialty centers. Growth opportunities are sought throughout the existing market during the coming 18 months.
PM Pediatrics Florian Suserman or Curtis Nassau c/o The Goldstein Group 45 Eisenhower Drive Paramus, NJ 07652 201-703-9700
Specialty The five-unit chain operates locations throughout Long Island, NY. The health care facilities occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in power centers. Plans call for 10 openings throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group. Preferred cotenants include grocery stores.
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 53-unit chain operates locations nationwide throughout 27 states. The stores, offering men’s and women’s apparel, as well as fishing items, furniture, gifts and pet supplies, occupy spaces of 5,500 sq.ft. to 7,000 sq.ft. in freestanding locations and endcaps of lifestyle and strip centers. Growth opportunities are sought nationwide during the coming 18 months. The company requires site submittals to be sent via email.
The Nutty Bavarian David Zangenberg 305 Hickman Drive Sanford, FL 32771 407-444-6322, Fax 407-444-6335 Email: davidz@nuttyb.com Web site: www.nuttyb.com
Temporary Tenant The 1,000-unit chain operates temporary locations nationwide and internationally. The kiosks, offering a variety of glazed and roasted nuts, occupy spaces of six to 10 feet in malls and entertainment, outlet, specialty and tourist centers, as well as urban/downtown areas. Growth opportunities are sought nationwide. Typical leases run one year.
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 14
October 21, 2011
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Illinois
Illinois
Casa Grande – Promenade at Casa Grande, a 926,155 sq.ft. open-air center located along North Promenade Parkway, has pad sites available. Target, Kohl’s, JCPenney and Dillard’s anchor the center. Cotenants include The Sports Authority, Best Buy, Michaels, Fashion Bug, Ulta, Lane Bryant, dressbarn, Marshalls, Old Navy, Ross Dress for Less, Bed Bath & Beyond, Staples, PetSmart, Subway, Tilly’s, In-N-Out Burger, Mimi’s Café, Olive Garden, Red Brick Pizza, Rubio’s Fresh Mexican Grill, Harkins Theatre and Zumiez. Area demographics include a trade-area population of 167,214 earning $54,813 as the average household income. For details, contact Macerich, 11411 North Tatum Boulevard, Phoenix, AZ 85028-2399; 602-953-6200; Web site: www.macerich.com.
earning $77,199 as the average household income. The average daily traffic count is 65,500 vehicles. For details, contact Terri Cox, Matanky Realty Group, 200 North LaSalle Street, Suite 2350, Chicago, IL 60601-1014; 312337-1001, Fax 312-337-5996; Web site: www.matanky.com.
$45,405 as the average household income. The average daily traffic count is 42,200 vehicles. For details, contact Rob Cohon, Agree Realty Corp., 31850 Northwestern Highway, Farmington Hills, MI 48334; 248-737-4190 Ext. 224; Email: rob@agreerealty.com; Web site: www.agreerealty.com.
Chicago – A 35,400 sq.ft. building located along West North Avenue has a 19,000 sq.ft. space available. Cotenants include Restoration Hardware. Area retail includes Crate & Barrel, Gap, Whole Foods Market and Pottery Barn. Area demographics include a population of 433,297 within three miles earning $102,494 as the average household income. The average daily traffic count is more than 48,000 vehicles. Schaumburg – Copley Center, a 65,864 sq.ft. center located at the intersection of Golf Road and Wilkening Road, has spaces available of 1,123 sq.ft.; 2,095 sq.ft.; 2,667 sq.ft.; 5,000 sq.ft. and 18,218 sq.ft. Yu’s Mandarin Restaurant anchors the center. Area demographics include a population of 244,571 within five miles earning $106,130 as the average household income. The average daily traffic count is more than 40,000 vehicles. For details, contact Amy Levin, GK Development, Inc.; 847-277-9367; Email: alevin@gkdevelopment.com; Web site: www.gkdevelopment.com.
Indiana
Illinois Chicago – Bishop Plaza, located at the intersection of 47th Street and Bishop Street, has spaces available from 980 sq.ft. to 1,250 sq.ft. Super Ma’s Market and Marshalls anchor the center. Cotenants include America’s Best Contacts & Eyeglasses, Little Caesar’s and U.S. Postal Service. Area demographics include a population of 160,672 within two miles earning $47,992 as the average household income. The average daily traffic count is 30,900 vehicles. Chicago Heights – Olympia Plaza, located at the intersection of Joe Orr Road and Dixie Highway, has spaces available from 1,000 sq.ft. to 4,275 sq.ft. Country Square Grocery and Pay Half anchor the center. Cotenants include Little Caesar’s, DaVita, Family Dollar, U.S. Cellular, Hallmark, Turkey Burger Bar & Grill, H&R Block, Rent-A-Center, Subway, Curves, Sports USA Clothing, The One Barber, Lady First Clothing, African Hair Braiding, Peace of Art Tattoo and Eva Paradise Tan Salon. Area demographics include a population of 79,887 within three miles earning $80,164 as the average household income. The average daily traffic count is 37,900 vehicles. Hazel Crest – Hazel Crest Center, located at the intersection of South Kedzie Avenue and 175th Street, has spaces available from 1,000 sq.ft. to 14,110 sq.ft. Family Dollar and Lee Beauty Supply anchor the center. Cotenants include Cricket Cell Phones, Emporium Liquors, Sabrina’s, U.S. Postal Service, State Farm Insurance, Angelica’s Bakery, Shrimp Max and Just for Me Clothing. Area retail includes Ariston Restaurant. Area demographics include a population of 43,487 within two miles page 16
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Orland Park – A 7,325 sq.ft. building located at the intersection of South LaGrange Road and 147th Street is available. Area retail includes Orland Square Shopping Center, Walgreens, Plunkett Home Furnishings, Macy’s, Sears, JCPenney, Dominick’s, Trader Joe’s, Party City and Grants. Area demographics include a population of 162,900 within five miles earning $91,685 as the average household income. The average daily traffic count is 44,200 vehicles. For details, contact Carolyn Kostelny, InSite Real Estate, 1400 16th Street, Suite 300, Oak Brook, IL 60523-8854; 630-6179128; Email: ckostelny@insiterealestate.com; Web site: www.insiterealestate.com. West Frankfort – West Frankfort Plaza, a 117,259 sq.ft. center located at the intersection of Interstate 57 and Route 149, has a 10,069 sq.ft. space available along with a 5.73-acre parcel. Cotenants include Kmart, Kroger, McDonald’s, Fashion Bug and Dollar Tree. Area retail includes Dollar General, Pizza Hut and Wing Street. Area demographics include a population of 56,132 within 10 miles earning Dealmakers
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Plymouth – Pilgrim Place, a 335,441 sq.ft. community shopping center located at the intersection of North Oak Road and U.S. Route 30, has spaces available of 1,121 sq.ft.; 1,482 sq.ft. and 4,500 sq.ft. along with an outlot. Lowe’s Home Improvement and Kmart anchor the center. Cotenants include Shoe Show, Dollar Tree, Maurices, Check ‘n Go, Centennial Wireless, H&R Block, BoRics, Dorothy’s Hallmark, Jo-Ann Fabrics, GNC, Bath & Body Works, JCPenney, TSC, First Source Bank, King’s Buffet, Bob Evans and Arby’s. Area demographics include a population of 133,377 within 20 miles earning $59,796 as the average household income. The average daily traffic count is 13,053 vehicles. For details, contact Chase Properties, Ltd., 3333 Richmond Road, Suite 320, Beachwood, OH 44122; 216-4646626, Fax 216-464-6346; Web site: www.chaseprop.com.
Massachusetts Burlington – Wayside Commons, a 195,100 sq.ft. center located at the intersection of Wayside Road and South Bedford Street, has spaces available from 1,598 sq.ft. to 4,116 sq.ft. along with divisible spaces of 4,614 sq.ft. and 24,897 sq.ft. L.L. Bean, Arhaus Furniture and West Elm anchor the center. Cotenants include Eileen Fisher, Coldwater Creek, Ann Taylor Loft, Carters, Stellabella Toys, Jared – The Galleria of Jewelry, Not Your Average Joe’s and Capital Grille. Area demographics include a population of 1.004 million within 10 miles earning $96,925 as the average household income. The average daily traffic count is 178,250 vehicles. Canton – Village Shoppes, a 282,800 sq.ft. open-air center located along Washington Street, has spaces available of 1,288 sq.ft. and 1,789 sq.ft. along with a divisible space of 4,533 sq.ft. Shaw’s Supermarket and Marshalls anchor the center. Cotenants include CVS, Talbots, TD Bank, Ten Spa, Chico’s, Shoe Dept., Sleepy’s, Sparkle Day Spa, Gap, Bath & Body Works, Hallmark, Jos. A. Bank, Starbucks, Bertucci’s and Ann Taylor Loft.
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Massachusetts
Massachusetts
Michigan
Area demographics include a population of 105,040 within five miles earning $106,185 as the average household income. The average daily traffic count is 27,000 vehicles. Dedham – Dedham Mall, an 800,000 sq.ft. center located along Providence Highway, has spaces available of 2,900 sq.ft. and 4,409 sq.ft. Lowe’s Home Improvement and Sears anchor the center. Cotenants include DSW, T.J. Maxx, Old Navy, Toys “R” Us, IHOP, Stop & Shop, Dick’s Sporting Goods, Panda Express, Expressions, Five Guys Famous Burgers and Fries, Supercuts, Dedham Day Spa and Chipotle. Area demographics include a population of 1.331 million within 10 miles earning $94,737 as the average household income. The average daily traffic count is 47,000 vehicles. Needham – A center located along Highland Avenue has a 1,542 sq.ft. space available. Cotenants include Cupcake Bar and GNC. Area retail includes Walgreens, Citizens Bank, TD Bank, Bank of America and Bertucci’s. Area demographics include a population of 187,198 within five miles earning $141,618 as the average household income. FREESTANDING BUILDING FOR SALE NNN | FORMER KFC 1041 Route 73, Pennsauken, NJ for sale $949K • Owner financing | 50% down • 2,280 square feet situated on a 1.45 acre parcel • Burger King, Taco Bell and McDonald’s sit adjacent to the site • Strong traffic count on Route 73 • Directly behind the property is American Furniture Rentals and Pennsauken High School • 2008 Population: 33,725 • 2008 Median HH Income: $58,864 P 347-623-0716 | F 718-630-1131 gusktistakis@hotmail.com
For details, contact The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-247-9200, Fax 617-247-4044; Web site: www.wilderco.com.
Digilink Computers, Family Christian Stores, Old Country Buffet, Forman Mills, Jo-Ann Fabrics, Old Navy, Bed Bath & Beyond and Olive Garden. Area retail includes Best Buy, Dunham’s Sports, OfficeMax, PetSmart and The Sports Authority. Area demographics include a population of 339,148 within 10 miles earning $57,647 as the average household income. The average daily traffic count is 20,922 vehicles. For details, contact Chase Properties, Ltd., 3333 Richmond Road, Suite 320,
Michigan Flint – Genesee Crossing, a 330,000 sq.ft. regional center located along Miller Road, has spaces available of 825 sq.ft.; 5,208 sq.ft. and 7,390 sq.ft. Target anchors the center. Cotenants include BoRics, Payless ShoeSource, Fashion Bug, Party City, Petco,
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2,280 SQ.FT.
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Beachwood, OH 44122; 216-4646626, Fax 216-464-6346; Web site: www.chaseprop.com. Lansing – Frandor Mall, located at the intersection of U.S. Highway 127 and Michigan Avenue, has spaces available from 1,000 sq.ft. to 40,000 sq.ft. Cotenants include Sears, Kroger, Jo-Ann Fabrics, Ace Hardware, Michaels, Fitness USA, Cost Plus World Market, Panera Bread and HomeGoods. Area draws include Michigan State University. Area demographics include a population of 258,102 within seven miles earning $58,556 as the average household income. For details, contact Richard Kerwin or J.B. Bernard, Lormax Stern Development Co., LLC; 248-737-4041; Emails: kerwin@lormaxstern.com and bernard@lormaxstern.com. Macomb Township – A divisible 6,900 sq.ft. space located along Card Road is available for ground lease or build-to-suit. Area retail includes Kroger, Walgreens and Chase Bank. Area demographics include a population of 73,825 within three miles earning $77,530 as the average household income. The average daily traffic count is 12,919 vehicles. Mt. Pleasant – Central Michigan Commons, a 241,457 sq.ft. center located along Mission Street, has spaces available of 13,800 sq.ft. and 15,400 sq.ft. Cotenants include Kmart, JCPenney, Staples, Dunham’s Sports, Maurices, RadioShack, GNC, Shoe Sensation and rue21. Area retail includes Target. Area draws include Central Michigan University. Area demographics include a population of 48,945 within seven miles earning $47,987 as the average household income. The average daily traffic count is 30,300 vehicles. For details, contact Rob Cohon, Agree Realty Corp., 31850 Northwestern Highway, Farmington Hills, MI 48334; 248-737-4190 Ext. 224; Email: rob@agreerealty.com; Web site: www.agreerealty.com.
Missouri St. Joseph – Northgate Shopping Center, a 155,850 sq.ft. center located at the intersection of Belt Highway and Sherman Avenue, has spaces available of 1,600 sq.ft.; 1,990 sq.ft. and 2,800 sq.ft. OfficeMax, Hobby Lobby and Big Lots anchor the center. Cotenants include Dollar General, Schweser’s, Affordable Dentures, Fantastic Sams, Kevin’s Nails, Brown’s page 18
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Shoes, Game X-Change and Advance America. Area demographics include a population of 114,668 within 20 miles earning $59,096 as the average household income. The average daily traffic count is 19,599 vehicles. For details, contact Chase Properties, Ltd., 3333 Richmond Road, Suite 320, Beachwood, OH 44122; 216-4646626, Fax 216-464-6346; Web site: www.chaseprop.com.
center and cotenants include Treu Office Supply, Firestone, Pookie’s Little Britches, H&R Block, Mickey’s Sew & Vac, Wireless Worldwide, Dollar General and Burger King. Area demographics include a population of 42,341 within 10 miles earning $67,287 as the average household income. For details, contact Gibraltar Management Co., Inc., 150 White Plains Road, Tarrytown, NY 10591; 914-631-6200; Web site: www.gibraltarmgt.com.
New Hampshire
Geneseo – Geneseo Towne Plaza, a 91,720 sq.ft. center located along Lakeville Road, has spaces available of 2,800 sq.ft. and 17,600 sq.ft. along with pad sites. Cotenants include Goodwill Industries, Grossman’s Bargain Outlet, Geneseo Auto Parts and Shanghai Restaurant. Area retail includes Aldi, Cinema Six, Peebles, Tractor Supply Co., Walmart Supercenter and Wegmans. Area demographics include a population of 73,670 within 15 miles earning $64,234 as the average household income. The average daily traffic count is 11,000 vehicles. Greenwich – Kmart Plaza, a 75,614 sq.ft. center located at the intersection of West Main Street and State Route 29, has a 12,280 sq.ft. space available. Kmart anchors the center and cotenants include Subway, Yankee One Dollar, Geraghty’s Liquor, RadioShack, Greenwich Chinese Restaurant and McDonald’s. Area retail includes Hannaford. Area demographics include a population of 26,837 within 10 miles earning $67,280 as the average household income. The average daily traffic count is 10,000 vehicles. Middletown – Orange Plaza, an 814,062 sq.ft. center located at the intersection of Dunning Road, Route 17 and Route 211 East, has spaces available of 4,729 sq.ft.; 5,600 sq.ft. and 7,613 sq.ft. along with a pad site. Walmart Supercenter, Kohl’s, Burlington Coat Factory, Home Depot, Bed Bath & Beyond, Marshalls, Staples and Modell’s anchor the center. Cotenants include Panera Bread, H&R Block, Payless ShoeSource, Ulta, Casual Male XL, Verizon Wireless, Party City, Gold Land Jewelers, Joyce Leslie, Avenue, Famous Footwear, Fashion Bug, Sleepy’s, GameStop, Catherines, Frank’s Pizza, Blimpie, 99 Cent Power, David’s Bridal, Red Lobster, Taco Bell, KFC, Starbucks, Ruby Tuesday, Applebee’s and Chuck E. Cheese’s. Area retail includes Best Buy, DSW, HomeGoods, JCPenney, PetSmart, T.J. Maxx and Toys “R” Us. Area demographics include a population of 125,237 within 10 miles earning $77,334 as the average household income.
Portsmouth – Portsmouth Crossing, located along Arthur Brady Drive, has a 4,200 sq.ft. space available. Home Depot anchors the center and cotenants include Eastern Mountain Sports. Area retail includes Kohl’s, Best Buy, Dick’s Sporting Goods, Barnes & Noble, Regal Cinemas, T.J. Maxx, Marshalls, Shaw’s Supermarket, Bugaboo Creek Steakhouse and Fox Run Mall, featuring Macy’s, Sears and JCPenney. Area demographics include a population of 220,431 within 15 miles earning $78,665 as the average household income. For details, contact The Wilder Cos., 800 Boylston Street, Suite 1300, Boston, MA 02199; 617-247-9200, Fax 617-247-4044; Web site: www.wilderco.com.
New York Brockport – A center located along BrockportSpencerport Road has spaces available of 1,000 sq.ft.; 1,800 sq.ft. and 32,800 sq.ft. along with two 1,200 sq.ft. spaces. Big Lots anchors the center and cotenants include Rite Aid, Cordello’s Pizza, Pro Nails, Allstate Insurance, Mahan Liquors, Grossman’s Bargain Outlet, Ho Ho Grand Buffet, Empire Vision, Dollar Tree, Advance Auto, RadioShack, Two Brothers Restaurant and Burger King. Area demographics include a population of 85,276 within 10 miles earning $74,761 as the average household income. Canandaigua – A 45,026 sq.ft. center located along County Road 10 has spaces available of 1,500 sq.ft. and 10,160 sq.ft. along with a 17,000 sq.ft. pad site. Cotenants include Dunkin’ Donuts, Payless ShoeSource, Canandaigua Cinemas, Sally Beauty Supply and Arrow Mart. Area demographics include a population of 54,989 within 10 miles earning $67,736 as the average household income. Corning – A 186,600 sq.ft. center located along Victory Highway has spaces available of 8,634 sq.ft.; 21,682 sq.ft. and 74,800 sq.ft. along with two 4,000 sq.ft. spaces. Valu Home Center anchors the Dealmakers
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For details, contact National Realty & Development Corp., 3 Manhattanville Road, Purchase, NY 10577; 800-932-7368; Web site: www.nrdc.com.
Ohio Bowling Green – The Shoppes on South Main, a 124,000 sq.ft. center located at the intersection of Route 25/South Main Street and Gypsy Lane Road, has spaces available of 1,200 sq.ft.; 2,900 sq.ft.; 4,000 sq.ft.; 4,702 sq.ft. and 5,000 sq.ft. Petco and Goody’s anchor the center. Cotenants include Maurices, Sally Beauty Supply, Shoe Sensations, Dollar General, Banner Mattress & Furniture, GameStop and Aaron’s. Area retail includes Walmart Supercenter and Home Depot. Area demographics include a population of 314,745 within 20 miles earning $62,354 as the average household income. The average daily traffic count is 14,050 vehicles. For details, contact Chase Properties, Ltd., 333 Richmond Road, Suite 320, Beachwood, OH 44122; 216-464-6626, Fax 216-4646346; Web site: www.chaseprop.com. Cleveland Heights – Taylor Commons, an 18,485 sq.ft. neighborhood shopping center located along South Taylor Road, has an
Ohio
Pennsylvania
1,800 sq.ft. space available. Family Dollar, Sun Luck Garden Chinese Restaurant, Budget Dry Cleaners and Convenient Food Mart anchor the center. Area demographics include a population of 367,670 within five miles earning $58,757 as the average household income. For details, contact Howard Forman, Paran Management Co., Ltd, 2720 Van Aken Boulevard, Suite 200, Cleveland, OH 44120; 216-921-5663; Email: hforman@paranmgt.com; Web site: www.paranmgt.com.
208,561 within five miles earning $72,224 as the median household income. Shillington – Shillington Shopping Center, a 74,796 sq.ft. neighborhood shopping center situated on eight acres at the intersection of Route 222/ Lancaster Avenue and Elkins Avenue, has spaces available of 750 sq.ft.; 825 sq.ft.; 1,065 sq.ft.; 1,620 sq.ft.; 3,200 sq.ft. and 7,700 sq.ft. Save-A-Lot anchors the center and cotenants include Pet Supplies Plus, Allstate Insurance, New China Restaurant, The Mail Room, Sherwin-Williams, Subway, Royal Bank America, Supercuts, Rosa’s Italian Restaurant, Wachovia Bank and Commerce Bank. Area retail includes Giant. Area demographics include a population of 173,630 within five miles earning $57,368 as the average household income. The average daily traffic count is 17,500 vehicles. For details, contact David Waterman, Brandolini Cos., 1301 Lancaster Avenue, Berwyn, PA 19312; 610-6409800, Fax 610-640-9058; Web site: www.brandolinicompanies.com.
Pennsylvania Dresher – Dreshertown Plaza, a 99,312 sq.ft. center located at the intersection of Limekiln Pike/Route 152 and Dreshertown Road, has spaces available of 1,600 sq.ft.; 1,900 sq.ft.; 3,248 sq.ft. and 4,050 sq.ft. George’s ShopN-Bag anchors the center and cotenants include Salad Works, Wild Birds Unlimited, Century Nails, It’s Bagelicious, Nick’s Pizza, Rite Aid, Hallmark, STS Tire, Udder Delight Ice Cream, Gentleman’s Choice, The Eye Store, A Taste of Philly, Primo Hoagies, Kowloon Cleaners, Tru-Salon, Modern Vac & Sew, Jade Garden Restaurant, West Ave. Grille Too, Lester Martin Jewelers, McDonald’s and Sovereign Bank. Area demographics include a population of
LINWOOD pLaza
(Route 9W at George Washington Bridge) Fort Lee, New Jersey
Virginia Harrisonburg – Garber’s Crossing, a 29,102 sq.ft. center located along John Wayland Highway/Route 42, has spaces available (continued on page twenty-two)
30,000 sq. ft. end cap for lease
Former BorderS Book Store rochester (Henrietta), new york
HigHly sougHt after area
Linwood Plaza, a 100,000 sq. ft. office and retail center on Route 9W at the George Washington Bridge and Palisades Parkway, has a concourse level of 10,000 sq. ft. space available (may divide). Tenants include CVS, HMart, Starbucks, AT&T, GameStop, RadioShack and FedEx Kinkos. Area demographics include a population of 32,683 within 1 mile earning $113,583 as the average household income. Owner/Management Shulsky Properties, Inc. 192 Lexington Avenue, 6th Fl. | New York, New York 10016 Phone: (212) 685-1514 | Fax: (212) 685-3610 page 20
October 21, 2011
The
Dealmakers
• 500,000 sq ft Grocery-anchored center • 5 traffic lights leading into plaza • Across the street from regional mall • 100% occupied prior to Borders closing • 300 ft of glass frontage • Signage allowed on front and back of building
Call 585-424-1000 for more information www.dealmakers.net
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2011 icsc new york national conFerence
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Space Place Virginia
(continued from page twenty)
of 1,202 sq.ft. and 3,600 sq.ft. Walmart Supercenter shadow-anchors the center and cotenants include El Jalepeno, Dollar Tree, Allied Cash Advance, Virginia ABC, Smokehaus, The Nail Spa and CosmoProf. Area retail includes A&W and KFC. Area demographics include a population of 84,496 within 10 miles earning $56,462 as the average household income. The average daily traffic count is 18,000 vehicles. For details, contact Nicholas SchumannWerb, Rivercrest Realty Investors; 800992-4046, Fax 919-424-0001; Email: nschuman@rivercrestrealty.com; Web site: www.rivercrestrealty.com.
Washington, DC Washington, DC – H Street Connection, a 37,991 sq.ft. neighborhood shopping center located at the intersection of 8th Street and H Street, has a 3,842 sq.ft. space available. Rite Aid anchors the center and cotenants include Bank of America, 7-Eleven, Marvelous Pizza, 3 Point Teks, Dana Jewelry, Smile Dry Cleaners, Picture That, Styles, Ann’s Nails,
Washington, DC
Wisconsin
McDonald’s, Rainbow Women’s Fashion, Freddy’s Subs and Fries, GameStop, Subway and Rent-A-Center. Area demographics include a population of 204,541 within two miles earning $72,971 as the average household income. The average daily traffic count is 25,600 vehicles. For details, contact Will Collins, Rappaport Retail Brokerage, 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 571382-1290, Fax 571-382-1210; Email: wcollins@rappaportco.com; Web site: www.rappaportco.com.
traffic count is 37,500 vehicles. Plymouth – Plymouth Commons, a 161,531 sq.ft. center located at the intersection of Eastern Avenue and Pleasantview Road, has a 4,000 sq.ft. space available. Cotenants include Kmart, Pick ‘n Save and Dollar Tree, Area retail includes Plymouth Furniture, McDonald’s and QuikTrip. Area demographics include a population of 48,846 within 10 miles earning $70,651 as the average household income. The average daily traffic count is 13,500 vehicles. Shawano – Shawano Plaza, a 193,730 sq.ft. center located along Woodlawn Street, has spaces available of 1,700 sq.ft.; 4,000 sq.ft. and 8,000 sq.ft. Cotenants include JCPenney, Kmart, Pick ‘n Save, Maurices and Dollar Tree. Area retail includes McDonald’s and AutoZone. Area demographics include a population of 26,016 within 10 miles earning $53,407 as the average household income. The average daily traffic count is 13,500 vehicles. For details, contact Rob Cohon, Agree Realty Corp., 31850 Northwestern Highway, Farmington Hills, MI 48334; 248-737-4190 Ext. 224; Email: rob@agreerealty.com; Web site: www.agreerealty.com. DM
Wisconsin Chippewa Falls – Chippewa Commons, a 169,271 sq.ft. center located along State Route 124/State Truck Highway, has spaces available of 1,600 sq.ft. and 4,800 sq.ft. Kmart and Mega Foods anchor the center. Cotenants include H&R Block, Dollar Tree, The UPS Store and GNC. Area retail includes O’Reilly’s Auto Parts, Walgreens, McDonald’s and KFC. Area demographics include a population of 43,990 within seven miles earning $60,340 as the average household income. The average daily
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October 21, 2011
The
Dealmakers
www.dealmakers.net
“LMS is a creative force that brings integrity, responsiveness, effectiveness and results to the development process. Through vision and foresight, LMS has been able to create value where most others could not. Giant has worked with LMS on many sites over the years and we appreciate their innovative solutions and high quality work that results in projects that are successful for both the Tenant and Developer. Their understanding of the “economic realities” of development and construction make LMS a valuable part of our Project Team.”
Creating
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Bill Shrader Vice President - Real Estate
“With LMS as a partner, you can have the confidence that your project is in good hands.”
Ahold USA, Proud Parent of Giant Food Stores, LLC Carlisle, PA
Join Giant at these Central PA locations! South Hanover Shopping Center Route 94 & Oneill Avenue
Hanover, PA
Pad A Pad B
GLA 179,564 SF 2 PAD SITES & 4 SPACES AVAILABLE 1,600 SF
1,200 SF
1,104 SF 1,104 SF
Main Street Shopping Center 800 East Main Street
Mount Joy, PA
1,445 SF
Central Pennsylvania Main Office: (717) 569.9373 120 North Pointe Boulevard Suite 301 Lancaster, PA 17603
LMS-PMA.com
GLA 105,266 SF 3 SPACES AVAILABLE 1,200 SF
Call Joe Deerin, Donna Deerin Ward or Dave Nicholson
1,542 SF
Shoppes at Landis Valley Oregon Pike & Landis Valley Road
Lancaster, PA
GLA 52,370 SF 5 SPACES AVAILABLE 1,500 SF 1,500 SF 2,037 SF 2,148 SF 2,798 SF
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p Urban Walk-U
We’re adding 200 stores in Canada in the next 3 years. 7-Eleven is the largest convenience retailer in the world, and is still growing thanks to our: • Fresh, continuously evolving customer offerings that are in demand year-round • Thriving corporate structure committed to continuing our great landlord relationships • Success at keeping our sites welcoming and well maintained • Stable income production for our landlords
We consider all types of development, including purchase, lease and build-to-suit. Shopping C enter We can convert sites of all types: freestanding, shopping centers, urban walk-ups, convenience stores with gas stations, airport locations, and many others!
Gas Store with ce n ie n e v Con
Contact Ken Barnes
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