Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVII No. XLVII
December 7, 2012
FEATURING
Apparel Chains Expand Nationwide 10 Spot / Madrag operates 52 locations throughout CT, FL, MA, MD, NJ, NY, PA and RI. The stores, offering women’s, juniors’ and plus-size apparel at popular price points, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in power and strip centers, enclosed malls and urban areas. Plans call for eight to 12 openings throughout the existing markets during the coming 18 months. Typical leases run 10 years with options. A vanilla shell and specific improvements are required. Preferred cotenants include supermarkets. Preferred demographics include a population of 100,000 within three miles earning $35,000 to $50,000 as the average household income. For more information, contact Nathan Hoffman, 10 Spot / Madrag, 30 Seaview Drive, Secaucus, NJ 07094; 201-319-1400 Ext. 118, Fax 201-3190111; Email: nathan@10spotplus.com; Web site: www.madragstores.com. Burlington Coat Factory Warehouse operates 500 stores nationwide and in Puerto Rico. Offering apparel for the family, footwear and home décor items, the stores occupy spaces of 50,000 sq.ft. to 70,000 sq.ft. in malls and power, specialty and strip centers. Growth opportunities are sought throughout the northeast, southeast and southwest regions, as well as all major markets in the U.S. during the coming 18 months. For more information, contact Michael Shanahan, Burlington Coat Factory Warehouse Corp., 1830 Route 130 North, Burlington, NJ 08016; 609-387-7800.
Dress Barn, Inc. trades as dressbarn at 840 locations throughout 48 states nationwide. The stores, offering career and casual apparel and accessories for women, in the 35 to 55 age bracket, occupy spaces of 7,500 sq.ft. in malls and power, strip, lifestyle, tourist, outlet and regional and community shopping centers, as well as downtown areas. Plans call for 30 to 40 openings nationwide during the coming 18 months. Preferred cotenants include grocery stores, discount department stores, fashion and soft goods retailers. Preferred demographics include a trade area population earning $55,000 as the median household income. Maurices, Inc. trades as Maurices at 825 locations nationwide. The stores, offering women’s casual, career and dress apparel and accessories, occupy spaces of 5,000 sq.ft. in malls and lifestyle, outlet, power, community and strip centers. Plans call for 35 to 50 openings nationwide during the coming 18 months. Preferred cotenants include JC Penney, Macy’s, Kohl’s, Target and Walmart. Tween Brands, Inc. trades as Justice at 900 locations nationwide throughout 46 states, and in Puerto Rico and Canada. The stores, offering apparel and accessories for girls ages seven to 12 years old, occupy spaces of 4,000 sq.ft. in malls and community, lifestyle, outlet and power centers. Plans call for 40 to 50 openings nationwide during the coming 18 months. Charming Shoppes, Inc. trades as Catherines at 425 locations nationwide. (continued on page twenty)
This issue contains information on: • Retailers operating 70,125 locations with plans to open 5,340 sites • Real estate valued in excess of $312 million to be bought, sold & financed • Leasing activity on over 28 million sq.ft. of retail properties Postmaster: Periodical ews
N rtant dite Impo se Expe Plea
ICSC New york national Conference New Construction Winick Realty Group, LLC preleasing retail project in Long Island City, NY........................... Pg. 4 Observations & Conversations
Pg. 6
Profiles Katz & Associates Corp............... Pg. 8 The Shopping Center Group....... Pg. 10 DJM Realty................................. Pg. 12 Buyers & Sellers The Sutton Cos. sells center in Gouverneur, NY......................... Pg. 14 Who’s Opening & Where T.J. Maxx to open in Bronx, NY during 2014................................ Pg. 16 Food Retailers Expand Smashburger aggressive in NJ..... Pg. 22 Home-Related Chains Expand Room & Board to enter NJ.......... Pg. 24 Exclusives Winick Realty reps New York Burger Co................................... Pg. 28 Lease Signings CB Richard Ellis inks DSW deal in AZ.......................................... Pg. 34 Sources of Financing Cohen Financial closes $52 million loan................................ Pg. 34 Making The News LMS Commercial Real Estate grows......................................... Pg. 34 Lead Sheet Children of America to enter CT and FL........................................ Pg. 53 Space Place................................ Pg. 61 ICSC NY Conference Floor Plan Pg. 70 Most Valuable Players................ Pg. 96
Mobile Access Code: ICSCNY2012
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New Construction Winick Realty Group, LLC is preleasing The Retail at Long Island City’s Waterfront, situated on 22 acres along Center Boulevard in Long Island City, NY. Shop spaces from 1,316 sq.ft. to 7,550 sq.ft. are available. Area retail includes Blend, Sweetleaf Coffee and Tea, Crank Cycling Studios, Blue Streak Wines, Pooches Sport and Spa, Emily Spa, Food Cellar Market and Duane Reade. Area demographics include a trade-area population of 16,500 within 0.25 miles. For more information, contact Steven E. Baker or Aaron S. Fishbein, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-7922636/2611, Fax 212-792-2660; Emails: stevenb@winick.com and afishbein@winick.com; Web site: www.winick.com. Wake Park Atlanta, LLC is developing LakePoint Sporting Community & Town Center, a mixed-use development situated on 1,200 acres along Interstate 75 between the Allatoona-Red Top and Emerson-Allatoona exits in Bartow, FL. The development will feature a 100,000 sq.ft. indoor facility, 16 major-league sized baseball fields, 14 lacrosse and soccer fields and two Miracle League fields, as well as five-million sq.ft. of retail, commercial and entertainment options. Rawlings will anchor the site with a sporting goods superstore and a Hall of Fame Restaurant. Cotenants will include Mellow Mushroom and Menchie’s Frozen Yogurt. For more information, contact Wake Park Atlanta, LLC, 755 Highway 293, Emerson, GA 30137; 855-525-3764; Web site: www.lakepointsports.com. HSA Commercial Real Estate is developing The Mayfair Collection, a 250,000 sq.ft. development located at the intersection of West Burleigh Street and Highway 45 in Milwaukee, WI. Tenants will include Dick’s Sporting Goods, Nordstrom Rack and Ulta. The company is slated to break ground on the project during spring 2013. For more information, contact HSA Commercial Real Estate, 233 South Wacker Drive., Suite 350, Chicago, IL 60606; 312-332-3555, Fax 312-332-4122; Email: mailbox@hsacommercial.com; Web site: www.hsacommercial.com. River Oaks Property, in partnership with Mimco, Inc., is developing several strip centers totaling 582,000 sq.ft. in El Paso, TX. One center will be located at the intersection of Rojas and George Dieter. For more information, contact Adam Frank, River Oaks Property, 106 Mesa Park Drive, El Paso, TX 79912; 915-225-5700. Fax 915225-5701; Web site: www.ropelpaso.com. Page 4 | December 7, 2012
Cohen Real Estate is preleasing The Corners at Wescott, a 167,000 sq.ft. shopping center situated on 13 acres at the intersection of Dorchester Road and Wescott Boulevard in North Charleston, SC. Harris Teeter and Marshalls will anchor the site. The second phase of the project will include 13 acres of land for future development. For more information, contact Michael Cleeman or Helen Putterman, Cohen Real Estate, 9 East 40th Street, 10th Floor, New York, NY 10016; 212-679-1222; Emails: cleeman@cohenco.com and putterman@cohen.com. Crawford Austin Properties is redeveloping Lakewood Center, located at the intersection of Wooded Acres Drive and Valley Mills Drive in Lakewood, CA. Tenants will include Smashburger, Fantastic Sams, Mama Fu’s Asian House and Palm Beach Tan. The redevelopment will include a 5,000 sq.ft. freestanding building. For more information, contact Gordon Harriman III, Crawford Austin Properties, 2910 Franklin Avenue, Waco, TX 76710; 254-752-0381; Email: info@crawfordaustin.com; Web site: www.crawfordaustin.com. Kite Realty Group is redeveloping Rangeline Crossing, an 84,000 sq.ft. shopping center in Carmel, IN. Cotenants include Walgreens, Old National Bank, Panera Bread and Verizon Wireless. For more information, contact Kite Realty Group, 30 South Meridian, Suite 1100, Indianapolis, IN 46204; 317-5775600, Fax 317-577-5605; Web site: www.kiterealty.com. Vintage Real Estate, LLC is preleasing The Village at Nellie Gale Ranch, located in Laguna Hills, CA. Plans call for a 28,000 sq.ft. expansion to the 60,000 sq.ft. center. Cotenants include Big 5 Sporting Goods and Chuck E. Cheese’s. For more information, contact Vintage Real Estate, LLC, 11611 San Vicente Boulevard, 10th Floor, Los Angeles, CA 90049; 310979-9090, Fax 310-820-6584; Web site: www.vintage-vre.com. Stark Enterprises is developing the proposed Portage Crossing, situated on 29 acres in Cuyahoga Falls City, OH. Cotenants will include Menards, Giant Eagle, Chipotle, Panera Bread, Menchie’s Frozen Yogurt and Pet Supplies Plus, as well as a movie theater. For more information, contact Stark Enterprises, 1350 West 3rd Street, Cleveland, OH 44113; 216-464-2860, Fax 216-4641458; Web site: www.starkenterprises.com.
DeBartolo Development, LLC, in partnership with Forge Capital Partners, LLC, is developing The Fresh Market at Mills Park, a 24,000 sq.ft. specialty center situated on 24 acres at the intersection of Mills Avenue and Virginia Drive in Orlando, FL. The center is slated to open during 2013. For more information, contact Valerie Panou, DeBartolo Development, 4401 W. Kennedy Boulevard, 3rd Floor, Tampa, FL 33609; 813-676-0089; Email: vpanou@debartolodevelopment.com; Web site: www.debartolodevelopment.com. (continued on page forty)
President/Publisher Ann O’Neal • ann@dealmakers.net Editor Erin Dunkley • erin@dealmakers.net Editor Stephanie Weaver • stephanie@dealmakers.net Art Director Anthony Pingicer • anthony@dealmakers.net Director of Business Development Brenda Buchanan • brenda@dealmakers.net Sales Executive Jacqueline Pelicano • jp@dealmakers.net Customer Service Bridget Thoresen • custserv@dealmakers.net Co-Founder Ted Kraus • 1979–2007
The DealmakersTM (ISSN 1055-0771) is published weekly except for the weeks of January 1st, July 4th, the ICSC's Spring and Fall Conventions and December 25th for $294 per year U.S., foreign $319 by TKO Real Estate Advisory Group Inc., PO Box 2630, Mercerville, NJ 08690-0630. The Dealmakers TM reports on over 20,000 retailers, developers and management companies every year. It is written by real estate professionals for real estate professionals. The newsletter keeps readers abreast of the latest leasing, development and management changes occurring in the real estate industry on a weekly basis. NOTE: Current federal law requires written consent from a company prior to utilizing the published fax number. Share The DealmakersTM with your organization or service for free. Just let us know when your next meeting is and we'll send you copies of our issue for free for your members to learn how to be a better dealmaker! POSTMASTER: Send address changes to The Dealmakers, PO Box 2630 Mercerville, NJ 08690-0630. Periodical postage paid at Trenton, NJ and at additional mailing offices. Affiliated with Tenant Search, E.S.P., E-Blast Copyright 2012 by TKO Real Estate Advisory Group Inc. 609-587-6200, fax 609-587-3511.
Dealmakers Magazine | www.dealmakers.net
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observations and conversations New York! Ann O’Neal Welcome to The Dealmakers special edition for the ICSC National Conference in New York City! How could you not love this show? After all, it’s in New York, one of the best cities in the world. I’ve traveled extensively, especially when I had an apartment in Europe, and even with that exposure, New York still tops my list of the most fascinating places to experience. Plus, we’re all going to make some money from this show and that’s always a good thing. And since I get to catch up with old friends, go to a couple of parties, and see the tree at Rockefeller Center, it’s a lot of fun too. (No wonder that I start looking forward to this show from the moment that I recover from RECon in Las Vegas.) My guesstimate is that the New York show will have record attendance and the momentum for making deals during 2013 will get a big boost, because of leads generated from this show. I heard through the grapevine that exhibit space is sold out at both the Hilton and the Sheraton. Also, ICSC has a good line up for the “Retail Runway” on Monday morning. I’m getting a ton of party invites this year, which shows the industry is doing better since companies are willing to spend a few bucks for entertainment. This special edition has great articles and leads. We have profiles on several powerhouse real estate companies including Katz & Associates, The Shopping Center Group and DJM Realty. Katz & Associates recently closed big-box deals in the city and the boroughs. The Shopping Center Group merged forces with David Firestein, and his team formerly of Northwest Atlantic Real Estate, plus they’ve launched an investment sales division in New York City. DJM Realty has grown its top-tier management organically and is positioning itself as full-service advisors and principals, in addition to strengthening its foundation in dispositions and the restructuring of retail chains. I’ve known the folks running these companies for decades, and I can assure you that they know their stuff when it comes to retail real estate. Dan Katz, of Katz & Associates, is a fixture in the industry, while Brian Katz has taken Manhattan by storm with some of his recent deals. At The Shopping Center Group, David Firestein and his comrade Bruce Shepard, (Bruce and I go so far back, that he was at my wedding almost thirty years ago) have done more deals in the past ten years than most brokers do in a lifetime. Mark Dufton of DJM Realty moved up the ranks to CEO and his top gun, Neill Kelly, took over as president this year and they’ve landed on some major assignments in the past few months. The articles on these powerhouse companies are interesting, and I’m sure, not only will you enjoy the read, but you’ll learn something too. We also have the floor plan of the show on pages 70 and 71, so you can easily navigate the convention. Also, this issue highlights among the most active and aggressive brokerage companies in the northeast. Their specialties run the gamut from tenant reps, leasing agents to investment sales brokers and they’re all looking to make deals. In researching for this issue, we talked to hundreds of brokers based in the northeast. The consensus is that they expect leasing opportunities for retail real estate to start getting tight during the next year or two within densely-populated areas of New Jersey and the greater New York City market. I also spoke to brokers that focus on leasing for landlords in the northeast, and for the most part, they’re adding staff, have more listings than they did last year and they are making deals. The tenant reps in the northeast are a very happy bunch too and most of them said they’re Page 6 | December 7, 2012
super busy. The investment sales brokers told me that most of their activity has been in middle markets, outside of the greater Manhattan trade area and northern New Jersey, and they’ve been most active with the sale of triple-net deals. I thought it was interesting that a few of the brokers on the sales side said they are picking up more listings for shopping centers from banks. Some other interesting tidbits that I learned in my conversations was that a number of brokerage companies that focus on landlord work are taking on more thirdparty management assignments for the centers that they’ve been leasing and a lot of the brokerage companies are growing rapidly to try and control the market on a large regional scale, if not on a national platform. Next year, appears to be on the right course for continued growth in our industry. I’m hearing from retail chains across all sectors from fashion to service tenants that they plan to continue growing and many of them are ramping up to enter new markets. Franchisors are also getting aggressive and launching new concepts, especially in the quick-serve food sector. I’m also seeing more activity from traditional lenders. It also appears consumer confidence has rebounded enough that retailers are anticipating a decent holiday sales season. The election jitters are over and unemployment is moving to a more tolerable number. Most of New Jersey and New York is back to normal from hurricane Sandy. These are really good indicators for what’s ahead of us in the next twelve months and my expectation for 2013 is that it will be a banner year for the shopping center industry. On a personal note, I want to say a special thank you to our advertisers and subscribers. We appreciate your business and we’re looking forward to keeping you well informed on what’s happening in the retail real estate industry. The past twelve months has been a big growth spurt for both our brokerage and publishing companies; we couldn’t have done it without you and thanks again. We’ve had a huge increase in subscribers reading The Dealmakers online and if you haven’t tried it yet, you should. Just use the email address we have on file for you to log in if you have a subscription. If you don’t have an active subscription, you can still read all of the issues older than six months for free. Also, I want to encourage all of you to drop me an email anytime that you land a new exclusive as a tenant rep, have retail sites for sale or lease or when you close a deal, so we can get you press coverage. My email address is ann@deamakers. net. Also, join our email forums on property for lease or for sale, sources of financing, and leads on expanding retailers. It’s free, easy and a great way to generate leads too. Just go to our Web site, www. dealmakers.net to join any of the email forums. Our online database of expanding retail chains is also growing; you can check out the demo at www.tenantsearch.com. We’re embarking on an upgrade of our products and making them more user friendly, so you can make more deals. I have to wrap it up, so make sure you stop by our booth #153 in the Rhinelander Gallery and if you miss the show, then we wish you happy holidays and a prosperous New Year!
Ann O’Neal, Publisher
Dealmakers Magazine | www.dealmakers.net
Bronx New York
NCOURSE PLAZA
KIDSTOWN
AL AT OR
EYE EXPRESS
EASY PICKENS
LOBBY/OFFICE
RETAIL 23,325 SF
CITIDENT
ES C
ILLAGE
WEST
RETAIL 15,135 SF
URSE V
10-PLEX THEATER
AN AVE
10-STORY OFFICE TOWER
EAST 161st STREET
JUNIOR ANCHOR SPACE AVAILABLE 15,135 – 38,460 SF
EAST 159th STREET
GRAND CONCOURSE
NUE /
CONCO
LOWER LEVEL
SHERID
MORRIS AVENUE / CONCOURSE VILLAGE EAST
PHYSICAL THERAPY
CONCOURSE PLAZA
/ OR ION ENT J A T M OVA OPM AY N EL W RE EV DER D RE UN
• A premier shopping destination strategically located just off the Grand Concourse • Two-level, multi-use marketplace includes a 10-plex theater and is adjacent to the County Court House, Bronx Municipal Building and near Yankee Stadium
Owner/Manager 7 Penn Plaza, NY 10001 | feilorg.com Randy Briskin | rbriskin@feilorg.com 212 563 6557 x218 Nothing Beats 50 Years of Stability.
Visit us at 137 Rhinelander Gallery at the ICSC NY National Conference.
YANKEE STADIUM
Katz & Associates New York City and Beyond Stephanie Weaver
Katz & Associates Corp., headquartered in Pearl River, NY with additional offices in Boca Raton and Miami, Florida and Charlotte, North Carolina, was founded by Daniel Katz in 1996. Katz’s background includes a multi-year tenure as the Senior Real Estate Officer for Melville Corporation (CVS, Marshalls, Linens ‘n Things, etc.). Today, the company is one of the largest real estate brokerage firms in the country that dedicates itself to representing retailers. Since its inception, Katz & Associates has completed thousands of retail real estate Daniel Katz transactions throughout the U.S. Featuring Chairman and CEO a senior staff with extensive experience assisting retail chains to grow, Katz & Associates has superior knowledge in site selection within urban and suburban markets, in addition to long-lasting relationships with landlords on a national level. As a retail-centric brokerage firm, the company’s focus is to think like a retailer and it understands how to take a small chain national and how to continue to grow large national chains. The company currently represents more than fifty retailers. On a national scale, it represents well known chains, such as Saks Fifth Avenue Off Fifth, Avenue/United Retail Inc., Retro Fitness, and Wolfgang Puck Pizzeria & Cucina. Brian Katz President and COO The company also executes rapid national rollouts of smaller chains, franchises and new concepts, such as bevello, Wireless World and Let’s YO!. Its leasing activity within strip, power, lifestyle centers and malls in suburban markets is well known, however the firm’s recent deals in the New York market stakes its claim as a formidable brokerage firm in New York City. Brian Katz, President and COO of Katz & Associates, is responsible for the firm’s deals in New York City and the surrounding metro area. Recent noteworthy transactions completed by Katz & Associates include leases with Eastern Mountain Sports for a 12,893 square foot store at the intersection of Broadway and 76th Street, in addition to DSW for 35,000 square feet at the intersection of West 34th Street and 7th Avenue and a 31,000 square foot location at West 125th Street and Frederick Douglas Boulevard in New York City. Sourcing space for anchor stores in Manhattan and the boroughs is difficult and requires a great deal of creativity to execute. Brian Katz explained that not only are there hurdles as to rent sensitivity, but also with assembling store front space to house an anchor tenant. Katz & Associates has been able to find high-profile store locations in New York City by canvassing, persistence and strong relationships with property owners and co-brokers. In metro New York, the company has also completed some other impressive deals, such as securing a lease with Saks Fifth Avenue Off Fifth for 26,000 square feet in Westbury and Retro Fitness for 13,000 square feet also in Westbury; Retro Fitness for 14,000 square in Syosset; Tilly’s for 8,500 square feet in Huntington and also with DSW for Page 8 | December 7, 2012
locations in Riverhead and Syosset, NY, in addition to Ramsey and Bridgewater, NJ ranging in size from 21,000 square feet to 26,000 square feet. Katz & Associates has its hands on the entire northeast as it represents Saks Fifth Avenue Off Fifth, DSW, Eastern Mountain Sports, Retro Fitness, Journelle, la Terrine, Let’s YO! and Namco/ Branch Brook throughout New York state, Connecticut and New Jersey; Tilly’s and Uncle Julio’s in New Jersey and New York state; PGA Tour Superstore, Joe’s Crab Shack and Brick House Tavern in northern and central New Jersey; DTLR and Firebirds Wood Fire Grill in Monmouth County and northern New Jersey; Vitamin World in the Bronx and throughout New Jersey and Savers within Long Island. Brian Katz sees the metro New York retail market remaining competitive in its densely populated interior areas. He notes that “in the mid-size box arena specifically, we have seen many of the spaces that were vacated due to bankruptcy being absorbed and generally a lack of good availabilities along the primary nodes. We also expect to see some new product due to the continued troubles in some retail sectors i.e. consumer electronics and books within the next 12 to 18 months.” Katz & Associates has a wide and deep reach representing chains east of the Rockies. Outside of the Northeast, Katz & Associates also represents a long list of retail chains. In addition to its representation of DSW in the northeast, Katz also assists the chain with site selection in eastern Pennsylvania, Michigan, Kentucky, North and South Carolina, Georgia, Florida, Alabama, Mississippi, Louisiana, Arkansas, Oklahoma and Puerto Rico. It is representing Eastern Mountain Sports in Chicago, as well as representing Uncle Julio’s in Chicago and throughout Florida. In select markets within Florida, Katz assists with site selection for Advance America, Aeropostale, Aspen Dental, Chick-fil-A, Cooper’s Hawk Winery & Restaurant, Discovery Clothing, Dollar General, Domino’s Pizza, GameStop, Hair Cuttery, MovieStop, Office Depot, SALONZ Beauty Suites, Second Cup, ULTA and Verizon Wireless-Premium Retailer. From its Charlotte office, Katz represents the following chains in the Carolinas; Aspen Creek, Bar Louie, Bath & Body Works, Francesca’s Collections, Pet Supermarket, SEE Eyewear, Studio Movie Grill, TAPS Bar & Lounge, Texas Roadhouse and Woo Skincare & Cosmetics. Throughout North Carolina, Cato, Firebirds Wood Fired Grill and Versona have appointed Katz & Associates as their broker, while in metro Charlotte it assists Great Clips, Jon Ric Salons and The Pub. The brokerage firm also represents tenants throughout the Mid-Atlantic and Southeastern states. As an expert with its eyes, ears and boots on the ground, Katz & Associates foresees the uptick in retail leasing to continue as chains take advantage of the current supply of existing space, increases in comp retail sales and a noticeable return of consumer confidence. The company continues to pursue chain store expansion with the tried and true methods of canvassing, persistence and pride of getting the deals done. Katz & Associates’ focus on the retailer has catapulted its brokerage firm as the first of choice for growing chains. For more information contact Daniel Katz or Brian Katz, Katz & Associates, Corp., One Blue Hill Plaza, Suite 1440, Pearl River, NY 10965; Emails: dkatz@dkatz.com, briankatz@dkatz.com; Web site: www.katzassociates.com. Dealmakers Magazine | www.dealmakers.net
Glen Oaks New York GLEN OAKS
GLEN OAKS SHOPPING CENTER
75th AVENUE
EET h STR 260t
80’
113’ 3”
PIZZA 1,210 SF 1,550 SF
(sub-tenant)
VISION
BAGELS
6,012 SF
JEWELRY
NAIL SALON
VITALITY DRUGS
TACO KING
RESTAURANT
US POST OFFICE
RETAIL/ MEDICAL 4,930 SF
255 th
STRE ET
609 PARKING SPACES
16’ 20’
UNION TURNPIKE
Ceiling Heights 11’ 6”
MULTIPLE END CAPS AVAILABLE
New Corner Tower Entry
• Open-air center anchored by Waldbaum’s Supermarket and Burlington Coat Factory enjoys a steady flow of pedestrian and vehicular traffic • Dynamic urban location on Union Turnpike, a major east-west artery that links Queens with Long Island • Accessible from Littleneck, Cross Island, and Grand Central Parkways, and Interstate 495 (Long Island Expressway)
Owner/Manager 7 Penn Plaza, NY 10001 | feilorg.com Ari Benmosché abenmosche@feilorg.com 212 563 6557 x275 Nothing Beats 50 Years of Stability.
Visit us at 137 Rhinelander Gallery at the ICSC NY National Conference.
the shopping center group Takes Manhattan and More Stephanie Weaver
The Shopping Center Group has provided a full range of real estate services to retailers, landlords and developers since 1983. With more than twenty offices, its team of specialists is dedicated to maximizing results with a finely-tuned and custom approach for each client in both urban and suburban settings. The company merged with the New York offices of Northwest Atlantic Real Estate Services this year and now operates as SCG Retail in Manhattan and The Shopping Center Group in White Plains, New York. The merger extended Dave Firestein The Shopping Center Group’s reach to Partner a national platform. Furthermore, the company refined itself with the addition of “Retail” to represent itself as a brokerage firm that also specializes in urban street front store leasing with an expertise in vertical retailing, in addition to leasing and investment sales of traditional suburban retail settings. Prior to the merger, The Shopping Center Group already had a strong presence in the markets spanning from southern Florida upward to northern Virginia. The merger created a national scope for the company, which now has 134 brokers representing hundreds of retail chains, in addition to its network as a Chain Links member, and responsible for the leasing and management of nearly seventy million square feet of shopping centers, along with a newly-formed investment sales division. SCG Retail now has an office in the heart of New York City on Columbus Circle, as well as its office in Westchester. Its team members have a long history of completing deals in New York, NY and the outer boroughs, in addition to New Jersey. Recently, the brokerage firm assisted Whole Foods with expansion in the greater New York, NY market and New Jersey. It finalized nine deals with Whole Foods throughout Manhattan, in addition to two sites in Brooklyn, and seven locations throughout New Jersey. Three more supermarkets will be opening in New Jersey at locations in Marlboro, Closter and Parsippany. The partners of the New York office also introduced Starbucks to Manhattan in 1994, and has since completed over two hundred deals with the chain throughout the New York, NY metropolitan area and most recently completed its Times Square flagship location. The company also exclusively represents Bobby Flays Burger Palace, Costco, Dinex Group, Guitar Center, Papyrus, Staples and Sushi Shop throughout the New York, New York metropolitan area. The company’s success is, in part, due to its ability to represent clients in both urban and suburban markets within one of the most densely populated and competitive retail real estate markets in the country. The firm also recognizes that bringing international chains to the United States is a logical approach and especially within the greater New York, New York trade areas, since New York City is ultimately the gateway for international chains to make their debut in the states. The Shopping Center Group brokers, including Chase Wells, also attended MAPIC (Le marché international professionnel de l’implantation commerciale et de la distribution), an international Page 10 | December 7, 2012
retail real estate show held in Cannes, France. The overseas venture enabled the firm to introduce the New York City market to numerous European retail chains. This year was a banner year for the brokerage company. In addition to negotiating numerous deals with national retailers, The Shopping Center Group also launched an investment sales division in New York. “This new division made it possible for us to work the sales side of the equation. It gave the firm greater market knowledge and allowed an entry into working with other tenants, landlords and investors,” stated David Firestein, partner. With this new division, the company also welcomed Lynn DeMarco to its New York office. DeMarco will serve as the director of investment sales for the northeast. With over twenty years of commercial real estate experience, DeMarco has been involved in nearly $3 billion in transactions. Knowing that the urban market can be a challenging terrain to navigate, the firm has developed SCG Retail to help clients with the difficulties of finding retail space in New York City. “The challenge with bringing a large-store-format chain into a tight, urban market usually lies with the retailer. The stores need to be multi-level in order to fit in urban environments and if the retailer is not creative and doesn’t think outside of the box, it’s not going to work for them.” explained Firestein. Jacqueline Klinger, one of the company’s lead brokers, also noted, “These big-box tenants, who are opportunity driven, also need to be flexible. The competitive market doesn’t just affect with retailers using a large footprint; it affects the smaller ones too.” Firestein explained. “It’s also difficult for retailers with smaller stores to find sites and execute initial roll-outs in this market because everything is so expensive. It’s a high-wire act, but once they are here and succeed, most of our clients have reported that their New York locations have the most volume.” Despite the challenges of working in an urban market, The Shopping Center Group has thrived in a competitive environment and successfully brought chains to one of the most dynamic retail marketplaces in the world. With the expertise and dynamic thinking of SCG Retail, big box retail and even smaller companies can achieve great success in the New York market despite the many challenges that await them. The firm utilizes a geographical information system to deliver specialized data for its clients and provides in-depth market analysis for site selection and property evaluations. The company aggregates data from many sources and generates reports in graphic formats that easily communicate the results for each client. The data is customized and analyzed to best identify site requirements and the objectives of its clients and often includes carrier route data, drive-time information, demographics, trade area analysis, specialized income and population grid maps, along with maps of all major retailers, digital aerial photography and large photographic quality presentations. The firm’s research capabilities often save its clients, both retailers and landlords, in addition to investors, time and capital. For more information, contact Dave Firestein, SCG Retail, 1841 Broadway, Suite 600, New York, NY 10023; 212-741-2500; Email: dfirestein@scg-retail.com; Web site: www.theshoppingcentergroup.com. Dealmakers Magazine | www.dealmakers.net
Northeast Retail Opportunities 615 SUNRISE HIGHWAY
10,100 SF AVAILABLE PATCHOGUE, NY
N SU
Sunrise Highway at the Nicolls Road Ramp
EH RIS
• Free-standing building located directly on Sunrise Highway (Route 27) in Suffolk County
10,100 SF
IGH Y WA
• Prime visibility at a premier retail intersection next to Gateway Plaza • Ideally situated in an affluent, stable growth area on the south shore of Long Island • Additional parking available in rear of building
270 MONTAUK HIGHWAY
9,382 SF AVAILABLE
Plus an Additional 2,150 Contiguous SF
SAYVILLE, NY
West Main Street and Benson Avenue • Prime retail location directly on Main Street/Montauk Highway near Sayville High School and Sunrise Highway • Sayville is a hamlet in the town of Islip on the sound shore of Suffolk County • Immediately adjacent to Scottrade and just west of Dunkin’ Donuts, Rite Aid and Verizon Wireless 5000 SUNRISE HIGHWAY
5000 SUNRISE HIGHWAY
6,611 SF AVAILABLE
SUNRISE HIGHWAY
MASSAPEQUA PARK, NY
5000 Sunrise Highway and Manhattan Avenue
• Close proximity to Sunrise Mall and Sunrise Promenade • On-site parking and street parking on Sunrise Highway available • Nearby retailers include Burlington Coat Factory, Walmart, Kohl’s, Pier One, Babies R Us, Toys R Us, Petco T.J. Maxx, and Starbucks
MANHATTAN AVENUE
Plus an Additional 2,440 SF on 2nd floor Additional 1,043 SF of basement storage space also available
6,611 SF GROUND FLOOR 2,440 SF SECOND FLOOR
Visit us at 137 Rhinelander Gallery at the ICSC NY National Conference. 7 Penn Plaza, NY 10001 | feilorg.com | 212 563 6557 Randall Briskin | rbriskin@feilorg.com | x218 Ari Benmosché | abenmosche@feilorg.com | x275 Nothing Beats 50 Years of Stability.
djm realty, a gordon brothers group company More than Dispositions: Commercial Real Estate Advisory, Recruiting and Investments Stephanie Weaver
DJM Realty is the real estate arm of 109-year-old, Gordon Brothers Group with offices in Boston, New York, Los Angeles, Chicago, Atlanta, London, Frankfurt and Tokyo. Founded in 1992 and headquartered in New York, DJM is a worldwide provider of strategic real estate solutions in healthy and distressed situations. The firm’s team includes retail chief executives, investment bankers, board members, developers, property managers, landlords, brokers and former Mark Dufton Chief Executive Officer real estate executives from Levitz, Jeepers!, Jones Retail Group, Speedo Authentic Fitness Stores, G+G Retail, Starbucks, Hit or Miss, Hannaford and The Great Atlantic & Pacific Tea Company. This combination of skills and specialties allows the firm to offer their clients an unparalleled breadth of services. Its intrinsic knowledge of the real estate market covers the entire process to execute occupancy savings through lease restructuring, disposition of leased and owned properties, portfolio valuation and strategic review of real estate portfolios and equity investments. The firm is led by Mark Dufton as Chief Executive Officer and Neill Kelly as President.
The experts at DJM Realty predict that the coming years will be growth filled for both landlords and tenants, due to observing its clients learning how to react quickly to a troubled economy, reframing landlords to now be viewed as partners and knowing that rent reductions cannot be a gratuitous exercise. “A lot of retailers have already gone through significant restructuring, so bankruptcies will not be as prominent in the near future” explained Dufton. Another observation made by the firm is that the internet is also causing retailers to downsize store footprints and many of its clients are routinely downsizing as they relocate from larger and older formats. Dufton noted that “splitting the box” has proven a more difficult strategy in application, but the store within a store format will become a more common approach to right sizing. Furthermore, Dufton believes that “growth from online retail sales will continue unabated and sites like Rue La La and Gilt will flourish. Most retail sectors will get down to one or two major players, however growth in the retail sector will depend on consumer confidence and a healthy economy.”
rent reductions cannot be a gratuitous exercise
DJM Realty has long established itself as a leader in real estate advisory and consulting services through its diverse experience and expertise. Under a new collaborative leadership, the company will continue to provide even higher-quality services to clients nationwide including “the use of the firm’s capital to deliver certain outcomes whenever possible,” stated Dufton. The company had a year full of noteworthy deals in 2012. Recently, DJM Realty was retained as an advisor to Food Lion and is currently in the process of disposing of 126 locations. In addition, the firm is working with SuperValu to achieve its goal of reducing occupancy costs by lease restructuring and rent reductions. The company oversaw the sale of 11 store leases with Betsey Johnson through Chapter 11 proceedings. Also, DJM Realty was retained as real estate advisor for the Shopko and Pamida merger. “We have lots of deals and initiatives in the pipeline and we are very excited about our future. We are positioning ourselves more as full service advisors and principals,” added Dufton.
Page 12 | December 7, 2012
DJM Realty not only draws from their experienced and large team, but also from the use of research to determine the best strategy for clients. The firm also taps an extensive database of analytical data and predicts that next year, the retail industry will be “more of the same, with slow and cautious growth” according to Dufton. He also foresees turmoil for middle-market grocery store chains. However discount chains, such as dollar stores, T.J. Maxx and Big Lots, are expected to continue to be the most aggressive with expansion. Also, activity in the growth of franchised concepts is anticipated to continue as displaced workers re-enter the workforce. Fast fashion and fitness chains are also targeted to grow in the near future. Expansion-minded chains, according to Dufton “are seeking more tenant allowance dollars from landlords and the deals are taking about twice as long to complete, because retailers don’t want to make mistakes with their capital.” The combination of DJM Realty and Gordon Brothers Group’s broad platform of services and capital solutions will continue as a formidable force in assisting its clients as they take advantage of growth opportunities and adapt to the ever-changing economic environment. For more information contact Mark Dufton and Neill Kelly, DJM Realty, 445 Broadhollow Road Suite, 225, Melville, NY 11747; 631752-1100; Fax 631-752-1231; Emails: mdufton@djmrealty.com and nkelly@djmrealty.com; Web site: www.djmrealty.com.
Dealmakers Magazine | www.dealmakers.net
WE KNOW RETAIL
OVER 30 YE ARS REPRESENTING L ANDLORDS AND TENANTS ACROSS METRO NEW YORK V I S IT US AT T H E N E W YO R K I C S C C O N V E N TI O N DECEMBER 3RD AND 4TH AT BOOTH 159 - RHINELANDER GALLERY
L A N D LO R D R E P R E S E N TAT I O N F R A N C H I S E C O N S U LT I N G
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T E N A N T R E P R E S E N TAT I O N
P R O P E RTY MANAG E M E NT
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G R O U N D - U P D E V E LO P M E N T
www.schuckmanrealty.com / 7600 Jericho Turnpike / Woodbury, NY 11797 / P 516.496.8888 / F 516.496.8905
We obtained the information contained herein from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. Any express or implied projections, opinions, assumptions or estimates are for example only, and they may not represent current or future suitability, availability or performance of the property. We may or may not have an exclusive or nonexclusive contractual relationship with the owner/landlord of a particular property; and if we do, such relationship will be fully disclosed to you on a timely basis. Third-party trademarks, service marks, graphics, and logos belong to third parties. You are not granted any right or license with respect to Schuckman Realty Inc.’s trademarks or the trademarks of any third party.
buyers and sellers The Sutton Cos. negotiated the sale of Gouverneur Center, a 71,644 sq.ft. neighborhood shopping center situated on 7.56 acres along East Main Street/U.S. Route 11 in Gouverneur, NY. At the time of sale, Tractor Supply Co., Peebles and Family Dollar anchored the site. The company represented the buyer, Consolidated Properties, LLC, and Pavia Real Estate Services represented the seller, Gouverneur Center Development, LLC, in the transaction. For details, contact Larry J. Socia, The Sutton Cos., The Lofts at 525 Plum Street, Suite 100, Syracuse, NY 13204; 315-2181121; Email: lsocia@suttoncos.com. SVN|The Kase Group negotiated the sale of a Chick-fil-A in Houston, TX. For details, contact Kase Abusharkh or Jacob Abusharkh, SVN|The Kase Group, 252 Abigail Circle, Danville, CA 94506; 925-348-1844 or 415-269-2474; Emails: kase@svn.com and jacob@svn.com; Web site: www.thekasegroup.com. Oxford Chase Retail is selling a 20,000 sq.ft. Donald B. Rice’s Tire Center, situated on 1.32 acres along Penn Belt Drive in District Heights, MD. The tenant is bound to a primary lease term expiring during 2015 and featuring five-year renewal terms. Area demographics include a population of 837,856 within 10 miles earning $83,031 as the average household income. The NOI is $150,000. The asking price is $1.5 million. For details, contact John Camp, Oxford Chase Retail, 9861 Broken Land Parkway, Suite 201, Columbia, MD 21046; 410-312-7222 Ext. 102; Email: john.camp@oxfordchase.net; Web site: www.oxfordchase.net.
Breslin Realty is selling a 17,900 sq.ft. land area located at the intersection of 2nd Street and Hempstead Turnpike in East Meadow, NY. Area draws include Nassau University Medical Center. The average daily traffic count is 30,000 vehicles. The asking price is $1.4 million. The company is also selling a 4.5 acre site located at the intersection of William Floyd Parkway and Route 25 in Ridge, NY. The site has an average daily traffic count of 16,680 vehicles. In five miles resides a population of 66,792 earning an average household income of $85,114 and area retail includes McDonald’s and 7-Eleven. For details regarding the land area in East Meadow, contact Russ Lico, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 260; Email: rlico@breslinrealty.com; Web site: www.breslinrealty.com. For more information regarding the site in Ridge, contact Richard MacDougall, Breslin Realty, Email: rmacdougall@breslinrealty.com. NAI Avant negotiated the sale of an 18,000 sq.ft. shopping center located along Trade Court near the Interstate 20 and Interstate 95 interchange in Florence, SC. The property was acquired for $650,000. For details, contact Bruce Harper, NAI Avant; 803-744-9805; Email: bharper@naiavant.com. Deerfield Partners negotiated the sale of a Walgreen’s in the San Francisco, CA bay area. The property was sold for $11 million. For more information, contact John Giordani or Art Griffith, Deerfield Partners; 415-577-9311/415-730-3024; Emails: jg@deerfieldteam.com and atg@deerfieldteam.com.
National Net Lease Realty negotiated the sale of a 13,706 sq.ft. CVS located along Zelda Road in Montgomery, AL. The tenant is bound to a lease with 19 years remaining on the initial term. The company represented the seller in the transaction. The company also negotiated the sale of a 10,880 sq.ft. CVS located along West Ward in Douglas, GA. The tenant is bound to a NNN lease with 19 years remaining on the initial term. The company represented the seller in the transaction. The company also negotiated the sale of a 15,120 sq.ft. Walgreens situated on 1.98 acres along East Main in Reynoldsburg, OH. The tenant is bound to a NN lease with eight years remaining on the initial term, featuring eight, five-year renewal options. The company represented the buyer in the transaction. For details, contact Terry Marks, National Net Lease Realty, 350 South River Road, Suite B3, New Hope, PA 18938; 215862-4335, Fax 215-862-4336; Email: terrymarks123@comcast.net; Web site: www.terrymarks.com. Royal Properties is selling an 18,937 sq.ft. freestanding building located along Indian River Road in Orange, CT. Area retailers include Famous Footwear, Auto Zone, Staples, Burlington Coat Factory, Lowe’s, Target and Best Buy. Area demographics include a population of 168,094 within five miles earning an average household income of $75,814. For more information, contact Craig Benson or Jeff Kintzer, Royal Properties, 850 Bronx River Road, Bronxville, NY 10708, 914-237-3403, Fax 914-237-0196; Emails: craig@royalpropertiesinc.com and jeff@royalpropertiesinc.com; Web site: www.royalpropertiesinc.com. The Macke Co., on behalf of a client, is seeking to acquire retail centers throughout AZ, CO, MD, NC and TX. Suitable properties are priced between $5 million and $35 million. For details, contact Dan Macke, The Macke Co., 895 Embarcadero Drive, Suite 201, El Dorado Hills, CA 95762; 916-939-1498, Fax 916-939-1499; Email: dmacke1@aol.com. RDO Investments is selling a 12,624 sq.ft. freestanding Advance Auto Parts in Toledo, OH. The asking price of $3.383 million reflects a 7% Cap rate. For more information, contact Ryan O’Connell, RDO Investments, 3219 East Camelback Road, Phoenix, AZ 85018; 602-595-4000; Fax 602-467-3218; Email: ryan.oconnell@rdoinvestments.com.
Royal Properties, Inc. >>> 250 Indian River Road | Orange, CT Page 14 | December 7, 2012
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Dealmakers Magazine | www.dealmakers.net
Unlocking Potential
Children of America stands as the leader in the childcare industry by providing a comprehensive roster of services and programs and employing a unique level of market intelligence. Among our achievements, COA Mind & Body Matters stands as an unparalleled health & fitness initiative led by a registered dietitian and online reading directive, managed by our nationally renowned author and doctor of education. With further expansion into private charter schools (grades 1-5), we continue to unlock potential by forging new ground. DEMOGRAPHICS (3-mile radius): • Population: 30,000 min. • Children: 3,000 min., age 4 and under • Median income: $65K min.
DEVELOPER REQUIREMENTS: • Min. 1 acre to 1.5 acres • Building size: 8,500 to 12,600 sq. ft. • O/PLAY: CONTIG. to site: 5,000 sq. ft. min. • Traffic: 15,000 per day min.
See us at the ICSC NEW YORK show Dec. 3-4, Hilton Hotel, Booth #218.
FOUNDED IN 1997 • 100% OWNED AND OPERATED • WE’VE NEVER CLOSED A LOCATION • 100% SUCCESS RATE
For further information, please visit us at childrenofamerica.com/real-estate, or call 800- 821-0561 Robin Lambro, Ext. 159; Temple Kane, Ext. 106; or Charlie Crowe, Ext. 163.
who’s opening and where Wal-Mart Stores, Inc. (479-273-4000) is planning to open a 98,000 sq.ft. Walmart Supercenter at the former Ringling Shopping Center, located in Sarasota, FL during 2014. The company is also slated to open a 180,000 sq.ft. Walmart Supercenter situated on 26.3 acres along Lake Marian Road between Besinger Drive and Route 25 in Carpentersville, IL during 2015. The company is also planning to open a 150,000 sq.ft. Walmart Supercenter at the intersection of Walzem Road and Parkcrest Drive in Walzem, TX during 2014. It will be the company’s sixth Walmart Supercenter within the San Antonio, TX area. The company, trading as Walmart, Walmart Supercenter and Walmart Neighborhood Market, currently operates more than 9,000 locations nationwide and internationally throughout 15 countries. Whole Foods Market, Inc. (512-477-4455) plans to open a Whole Foods supermarket at Highland Village, a 220,000 sq.ft. shopping center located along Interstate 55 in Jackson, MS. The store is slated to open during 2013. The company is also planning to open locations throughout NJ, including a location along Washington Avenue in Morristown during 2014; a supermarket along Route 46 in Parsippany during the summer and stores in Closter and Marlboro. The chain, offering organic and natural food items, currently operates 342 specialty supermarkets nationwide, as well as in Canada and the United Kingdom. Dunkin’ Brands (781-737-3000), under franchisee Zee Development Group, LLC, plans to open 11 Dunkin’ Donuts shops throughout Green Bay and Milwaukee, WI by 2019, with the first location slated to open during 2014. The company, offering coffee, donuts and breakfast sandwiches, currently operates more than 10,000 locations throughout 32 countries worldwide. Outpost Natural Foods Cooperative (414961-2597) plans to open a 16,000 sq.ft. specialty supermarket situated on two acres at the intersection of Mequon Road and Wauwatosa Road in Mequon, WI during spring 2014. The company, offering organic grocery items, currently operates four locations in Wauwatosa and Milwaukee, WI. Orange Leaf Frozen Yogurt (888-883-1004) plans to open a location within a strip center located in Ames, IA next year. The company will join Buffalo Wild Wings, Starbucks, Cold Stone Creamery, Chipotle, Massage Envy and Mattress Galaxy. Page 16 | December 7, 2012
Dave & Buster’s (214-357-9588) is opening a 33,000 sq.ft. location in a former Klein’s All-Sports at next summer at Crossgates Mall in Guilderland, NY. The company currently operates 60 entertainment centers nationwide, including six locations in NY. Texas de Brazil is also slated to open a restaurant in a portion of the former Macy’s next summer at the mall. The company currently operates 35 locations nationwide and internationally. Oakley, Inc. will open an Oakley store at the center during spring 2013. The company sells sunglasses, outdoor apparel and outdoor gear. TJX Cos., Inc. (508-390-1000) will open a 28,417 sq.ft. T.J. Maxx store at the 285,000 sq..ft Throggs Neck Shopping Center in Bronx, NY during 2014. The apparel chain will join Target, MetroOptics Eyewear and Applebee’s. The company is also planning to open a 45,000 sq.ft. HomeGoods store at Sher Lane Shops, located at the intersection of Edinger Avenue and Sher Lane in Huntington Beach, CA this spring. The company will join Men’s Wearhouse, Stone Hedge Tiles and The Vitamin Shoppe at the center. Gearhead Outfitters (870-910-5569) operates locations in Jonesboro and Little Rock, AR and the chain recently entered LA with 2,500 sq.ft. location at the Mall St. Vincent in Shreveport. The company plans to open a store in Springfield, MO next fall and possibly a location in Nashville, TN during 2014. The sporting goods stores carry better lines of active apparel, such as the North Face, Patagonia and Merrell. Togo’s Eateries, Inc. (408-280-6569), through a franchisee, is slated to open a Togo’s restaurant at Town and Country Plaza, located along San Ramon Valley Boulevard in Danville, CA. The company also plans to open locations in Walnut Creek and Lafayette, CA during the next two years. Target Corp. (612-304-6073) plans to open a 135,355 sq.ft. Target store at Lawton Marketplace, located along Northwest 82nd Street in Lawton, OK. The company will join Famous Footwear, Kirkland’s, Dress Barn, Lane Bryant, T.J. Maxx, PetSmart and Chuck E. Cheese’s at the site. Allen Edmonds Shoe. Corp. (262-235-6512) plans to open Allen Edmonds locations in Manhattan, NY; Philadelphia, PA; Boca Raton, FL; St. Louis, MO and Washington, DC next year. The company, offering men’s apparel, shoes and accessories, currently operates 41 locations nationwide.
Nordstrom, Inc. (206-628-2111) is planning to open a 138,000 sq.ft. bi-level store at The Woodlands Mall, located in Houston, TX. The store will open during fall 2014 and will be the company’s fourth location in the Houston, TX area. The company will join SuperTarget at the center. The company is also planning to open six pop-up stores throughout CA in February, including locations at The Grove in Los Angeles and a store in San Francisco. The company currently operates more than 234 locations throughout 31 states nationwide, including 117 full-line stores, 113 Nordstrom Rack stores, two Jeffrey boutiques, one Treasure & Bond and one clearance store. Darden Restaurants, Inc. (407-245-4000) plans to open an Olive Garden restaurant and a LongHorn Steakhouse restaurant situated on six acres along Theatre Drive in Richland Township, PA. Both locations are slated to open during late 2014. The company currently operates more than 1,900 locations trading as Season 52, Red Lobster, Olive Garden, Longhorn Steakhouse, The Capital Grille and Bahama Breeze. 99 Cents Only Stores (323-980-8145) is planning to open 21 stores during 2013, with the majority of the stores expected to open in CA. The company, offering discounted items including apparel, toys and home décor, currently operates 303 locations nationwide. Under Armour, Inc. (410-454-6428) plans to open an 8,000 sq.ft. Under Armour store at Legg Mason tower in Baltimore, MD during February, 2013. The company, offering apparel and footwear for men, women and children, will join Anthropologie, J. Crew and City Sports at the site. The Big Salad, (248-250-9899) a three-unit chain of restaurants specializing in salads, plans to open locations in Ann Arbor and Rochester Hills, MI next year. The company also projects opening 12 franchised units next year. Publix Super Markets (863-688-1188) is slated to open a 49,000 sq.ft. location at The Village Center in Carrollwood, FL. The company currently operates more than 1,061 supermarkets throughout AL, FL, GA, SC and TN. Trans World Entertainment Corp. (518452-1242) plans to open stores next year and most of the new locations will be in enclosed malls. The company operates 376 stores nationwide trading as f.y.e. and Second Spin. DM Dealmakers Magazine | www.dealmakers.net
Steady Growth
Being able to recognize opportunity is essential to our process and the hallmark of our management style. As industry leaders, we stand at the forefront with a viable business model and time-tested plan that ensures growth. If you are a developer looking to impact your bottom-line, connect with the leaders in childcare. Children of America, steady growth built on a solid foundation. DEMOGRAPHICS (3-mile radius): • Population: 30,000 min. • Children: 3,000 min., age 4 and under • Median income: $65K min.
DEVELOPER REQUIREMENTS: • Min. 1 acre to 1.5 acres • Building size: 8,500 to 12,600 sq. ft. • O/PLAY: CONTIG. to site: 5,000 sq. ft. min. • Traffic: 15,000 per day min.
See us at the ICSC NEW YORK show Dec. 3-4, Hilton Hotel, Booth #218.
FOUNDED IN 1997 • 100% OWNED AND OPERATED • WE’VE NEVER CLOSED A LOCATION • 100% SUCCESS RATE
For further information, please visit us at childrenofamerica.com/real-estate, or call 800- 821-0561 Robin Lambro, Ext. 159; Temple Kane, Ext. 106; or Charlie Crowe, Ext. 163.
buyers and sellers (continued from page fourteen)
Plaza Advisors Holdings negotiated the sale of Regency Plaza, a 205,696 sq.ft. shopping center situated on 18.63 acres along Atlantic Boulevard in Jacksonville, FL. At the time of sale, tenants included Burlington Coat Factory, OfficeMax, dd’s Discounts, Chuck E. Cheese’s and Carrabba’s Italian Grill. Kimco Realty acquired the property from DLC Management Corp. For details, contact Plaza Advisors Holdings, 3412 Bay to Bay Boulevard Tampa, Florida 33629; 813-8371300, Fax 813-831-2627; Web site: www.plazadvisors.com.
Travis Commercial is selling a 9.6-acre parcel located at the corner of Eisenhauer Road and Midcrown Drive in San Antonio, TX. The site is situated at a four-way signalized intersection and area retailers include Dollar General. Also, a 4.6-acre parcel is for sale at the intersection of Walzem Road and Woodlake Parkway in San Antonio, TX. The site is adjacent to a Valero gas and convenience store. For more information, contact Roger Hill, Travis Commercial; 9601 McAllister Freeway, Suite 1100, San Antonio, TX 78216; 210308-9888; Email: rhill@traviscommercial.com; Web site: traviscommercial.com.
DRC Retail Availabilities STOP & SHOP PLAZA Canaan, CT
CROSS POINTE CENTRE Jacksonville, NC
3,500 SF Available
2,000 to 6,000 SF Available
• 71,000 SF neighborhood shopping center anchored by Super Stop & Shop and Family Dollar • Located at the intersection of Main St (Rt 44) and Railroad St (Rt 7) in affluent Litchfield County
• 196,214 SF power center featuring Marshalls, Ashley Furniture, Old Navy, 2nd & Charles, Lane Bryant, Shoe Carnival, Party Supplies, and Michaels • Located on Western Blvd in Onslow County near Coastal Carolina Community College, Jacksonville Mall and US Marine Corps Camp LeJeune
NEW TOWN SHOPS ON MAIN Williamsburg, VA 500 to 10,000 SF Available; Two 9,000 SF On-site Land Parcels Available for Sale for Office/Retail
CINEMA CENTER Bloomsburg, PA
• Established 253,000 SF retail center located on Monticello Ave in the heart of a 365-acre mixeduse community and in close proximity to the College of William & Mary • 1.7 million SF of specialty retail, office, residential, and entertainment • Join Barnes & Noble, JoAnn Fabrics, American Family Fitness, Buffalo Wild Wings, Bonefish Grill, Regal Cinemas, Panera Bread, Charming Charlie, and many more!
• 48,543 SF neighborhood center featuring Cinema Center • Located on Columbia Blvd (Rt 11) at signalized intersection, just off I-80 in Columbia County, 40 miles southwest of Wilkes-Barre and 2 miles from Bloomsburg University • Neighboring retailers include Advance Auto Parts, Rita’s Italian Ice, Verizon, Aaron’s, and Wendy’s
SHOPS AT OLD YORK York County, PA 75,000 SF; Two 1.5-acre Pads Available • 16-acre retail development site located on Old York Rd right off the Pennsylvania Tnpk • Will build to suit. The entire site is fully approved and also available for an outright sale • Adjacent to operating CVS
5,000 SF Pad; 9,000 SF Available
PEEBLES PLAZA Sayre, PA 18,000 SF Available • 93,170 SF neighborhood shopping center featuring Peebles, Tractor Supply, RentWay, Dollar General, and Rite Aid • Located on North Elmira St with direct visibility from US Hwy 220 in Bradford County • Just south of the NY border, Sayre is contiguous with Waverly, NY and is situated 42 miles southeast of Binghamton, NY
Visit us at 488 Americas Hall II at the ICSC NY National Conference. 1224 Mill Street, Building D-Suite 103 East Berlin, CT 06023 www.developers-realty.com Kelly Voss: kelly@developers-realty.com T 860.561.0121 F 860.521.4323
Marcus & Millichap is selling an 11,900 sq.ft. strip center located in Cullman, AL. Walmart Supercenter shadow-anchors the center. The asking price is $4.544 million with a Cap rate of 7.75%. The company negotiated the sale of Palm Aire Marketplace, a 140,312 sq.ft. shopping center situated on 18.4 acres and located along South Powerline Road in Pompano Beach, FL. Winn Dixie anchors the 87% leased center. Cotenants include Radio Shack, Dollar Tree, Sally Beauty Supply, Rent-A-Center, UPS Store, McDonald’s, Ruby Tuesday and CVS. Marcus & Millichap represented the seller. The firm is selling Riverbend, a 17.3-acre parcel zoned for the development of a 180,000 sq.ft. office component and 71,000 sq.ft. of retail space in Ft. Lauderdale, FL. The asking price is $13.9 million. The company also negotiated the sale of a 13,225 sq.ft. CVS, which sold for $5.946 million with a Cap rate of 6.45% in Lebanon, PA. The company also negotiated the sale of a 15,120 sq.ft. Walgreens for $4.811 million with a Cap rate of 7.71% in Baltimore, MD. For details, contact Lior Regenstreif, Marcus & Millichap, 16830 Ventura Boulevard, Suite 100, Encino, CA 91436; 818-907-9525; Email: lior.regenstreif@marcusmillichap.com; Web site: www.marcusmillichap.com. For more information regarding the CVS and Walgreens properties, contact Michael Shover or Matt Gorman, Marcus & Millichap, 101 West Elm Street, Suite 600, Conshohocken, PA 19428; 215-531-7000, Fax 215-531-7010. DJM Realty is selling The Shoppes at Pierce Hill, a 24,752 sq.ft. specialty center located along Vestal Parkway East, in Vestal, NY and within the Binghamton trade area. The center is 100% leased and cotenants include Chico’s, Jos. A Bank, Coldwater Creek and Ann Taylor Loft. The asking price is $3.05 million reflecting a 9.34% Cap rate on an annual NOI of $285,000 projected for year one. For more information contact, Michael Matlat, DJM Realty, 445 Broadhollow Road, Suite 225, Melville, NY 11747; 631-7521100 Ext.5245; Email: mmatlat@djmrealty.com; Web site: www.djmrealty.com. Carolina Holdings, Inc. negotiated the sale of Midtowne Plaza, located along Clemson Boulevard in Anderson, SC. At the time of sale, tenants included Starbucks, Chipotle and Famous Hair. For details, contact Robert Martin, Carolina Holdings, Inc.; 864-272-0088; Email: robert.martin@choldings.com; Web site: www.choldings.com. (continued on page thirty-four)
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apparel chains expand nationwide (continued from page one)
The stores, offering women’s casual and career apparel and accessories, occupy spaces of 4,000 sq.ft. in strip centers. Plans call for five openings throughout the existing market during the coming 18 months. Preferred cotenants include Kohl’s, Target and T.J. Maxx. Charming Shoppes, Inc. also trades as Lane Bryant at 754 locations nationwide. The stores, targeting women ages 35 to 55 years old, offer plus-size casual and career apparel and accessories. The company prefers to occupy spaces of 5,000 sq.ft. in strip centers. Plans call for 40 openings throughout the existing market during the
coming 18 months. Typical leases run five years. Preferred cotenants include Kohl’s and Target. Preferred demographics include a population of 150,000 within five miles earning $50,000 as the average household income. The parent company for all concepts is Ascena Retail Group, Inc. For more information regarding dressbarn, contact Elise Jaffe, Dress Barn, Inc., 30 Dunnigan Drive, Suffern, NY 10901; 845369-4801; Email: elise.jaffe@dressbarn.com; Web site: www.dressbarn.com. For more information regarding Maurice’s, contact Tom Karis, Maurices, Inc., 105 West Superior Street, Duluth, MN 55802; 218-727-8431
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Page 20 | December 7, 2012
Ext. 2071; Email: tkaris@maurices.com; Web site: www.maurices.com. For more information regarding Justice, contact Alan Hochman, Tween Brands, Inc., 8323 Walton Parkway, New Albany, OH 43054; 614-7753500; Email: ahochman@tweenbrands.com. For more information regarding Catherines and Lane Bryant, contact Jon Graub, Charming Shoppes, Inc., 3750 State Road, Bensalem, PA 19020; 215-245-9100, Fax 215-638-6919; Email: realestate@charming.com; Web sites: www.charmingshoppes.com and www.lanebryant.com. Johnny Was operates five locations throughout CA. The women’s apparel stores occupy spaces of 1,500 sq.ft. in lifestyle centers, malls and street fronts. Plans call for three to five openings nationwide during 2013, with representation by SPL Realty Partners. The company prefers to locate in affluent areas. Destination XL operates 30 locations throughout AZ, CT, GA, IL, MD, NV, NY, PA, RI, TN, TX, UT and VT. The stores, offering men’s big and tall apparel and footwear, occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in freestanding locations, in addition to endcaps and inline spaces of super regional centers. Plans call for 60 openings throughout southern CA during 2013, with representation by SPL Realty Partners. Lorna Jane operates 135 locations throughout CA and Australia. The stores, offering women’s active wear, occupy spaces of 1,500 sq.ft. in malls and street fronts, in addition to lifestyle and specialty centers. Plans call for 15 to 20 openings throughout CA during 2013, with representation by SPL Realty Partners. For more information, contact Scott Lifschultz, SPL Realty Partners, 501 Colorado Avenue, Suite 170, Santa Monica, CA 90401; 310-656-3400; Email: scott@splrealty.com; Web site: www.splrealty.com. Destination XL operates 30 locations throughout AZ, CT, GA, IL, MD, NV, NY, PA, RI, TN, TX, UT and VT. The stores, offering men’s big and tall apparel and footwear, prefer to occupy spaces of 7,500 sq.ft. to 12,000 sq.ft. in freestanding locations, power and regional shopping centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group. Preferred demographics include a tradearea population earning $70,000 as the average household income. For more information, contact Neil Goldstein, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700 Ext. 112, Fax 201-703-9678; Emails: ngoldstein@thegoldsteingroup.com; Web sites: www.thegoldsteingroup.com and www.destinationxl.com. (continued on page twenty-six)
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lOng-TeRm
visiOn Our high-quality core portfolio of 68 primarily supermarket-anchored shopping centers straddles the Washington, DC to Boston corridor, and totals approximately 9.9 million square feet. At Cedar Realty Trust, we continue to focus on creating long-term value for our shareholders and long-term relationships with our tenants.
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food retailers expand nationwide Smashburger operates more than 150 locations nationwide. The chain of quickserve restaurants occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in various retail settings. Growth opportunities are sought throughout northern and central NJ during the coming 18 months, with representation by The Goldstein Group. The company prefers sites with no drive-thrus. For more information, contact Curtis Nassau, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-7039700 Ext. 129, Fax 201-703-9678; Email: cnassau@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. Hiro’s Sushi operates three locations throughout FL. The chain of restaurants occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in strip centers and store fronts. Growth opportunities are sought throughout Miami-Dade, FL during the coming 18 months, with representation by MOONllc Commercial Real Estate. The company prefers locations in college areas with outdoor seating and high traffic counts. For more information, contact Ryall Tarpley, MOONllc Commercial Real Estate, 1111 Brickell Avenue, Suite 100, Miami, FL 33131; 312-731-6307. Little Caesars operates locations nationwide. The pizzerias occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in various retail settings. Growth opportunities are sought throughout GA during the coming 18 months. Typical leases run five years with three five-year options. For more information, contact Jeff White, Little Caesars, 540 Willeo Road, Roswell, GA 30075; 770-645-5577, Fax 770-645-5577; Email: jeff.white@lcecorp.com.
Cefiore operates 10 locations throughout CA, KY, NV, WA and internationally. The chain of yogurt shops occupies spaces of 600 sq.ft. to 1,200 sq.ft. in downtown areas. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Winick Realty Group. The company prefers to locate near office complexes and high residential areas. Just Salad operates eight locations in New York, NY, as well as Hong Kong. The chain of restaurants, offering salads, wraps, soups and smoothies, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in various retail settings. Growth opportunities call for openings throughout New York, NY during the coming 18 months, with representation by Winick Realty Group. The company prefers high-traffic locations near dense office complexes. Tossed operates seven locations throughout CA, FL, MA, NC, NY, TX and Canada. The chain of fast-casual restaurants, offering salads, soups, wraps and breakfast items, occupy spaces of 1,600 sq.ft. to 2,400 sq.ft. in foodcourts of malls, airports and offices. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by Winick Realty Group, LLC. For more information regarding Cefiore and Just Salad, contact Joseph Isa, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2647, Fax 212-792-2660; Email: joseph@winick.com; Web sites: www.winick.com or www.cefiore.com. For more information, regarding Tossed contact Hal Shapiro or Lee Block; 212-792-2623/2649; Emails: hal@winick.com and lee@winick.com; Web site: www.tossed.com.
Smashburger is seeking growth opportunities throughout northern and central NJ Page 22 | December 7, 2012
Zoe’s Kitchen operates 70 locations nationwide. The chain of restaurants occupies spaces of 2,600 sq.ft. to 2,800 sq.ft. in various retail settings or on parcels of 0.5 acres for freestanding units. Growth opportunities are sought throughout Town Center, North Druid Hills, Sandy Springs and Peachtree Parkway, GA during the coming 18 months. Typical leases run 10 years with three, fiveyear options. Preferred area demographics include a population of 85,000 to 150,000 within three miles earning $70,000 as the median household income. Preferred average daily traffic counts include 20,000 vehicles. A vanilla shell is required. For more information, contact Allyn Taylor, Zoe’s Kitchen, 2931 Second Avenue, Birmingham, AL 35233; 205-414-9920 Ext. 205; Email: allyntaylor@zoeskitchen.com; Web site: www.zoeskitchen.com. City Bites, Inc. trades as City Bites at 18 locations throughout OK. The chain of restaurants, serving soups, salads, sandwiches, wraps, and dessert items, occupy spaces of 2,000 sq.ft. in specialty and strip centers as well as freestanding and downtown locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. Preferred demographics include a population of 40,000 within three miles earning $40,000 as the average household income. The company prefers to locate near suburban office areas. For more information, contact Mike Wolf, City Bites, Inc., 2600 East Memorial Road, Edmond, OK 73013; 405-607-8100, Fax 405-607-8200; Web site: www.citybites.net. Asian Bistro operates eight locations throughout CT, NJ and NY. The chain of restaurants, serving sushi and hibachi, occupies spaces of 4,000 sq.ft. to 6,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout CT and Westchester County, NY during the coming 18 months, with representation from The Cambridge Group. Typical leases run 15 to 20 years, Preferred cotenants include supermarkets and upscale apparel retailers. Preferred demographics include a population of 45,000 within five miles earning $65,000 as the average household income. Major competitors include Benihana and Nobu. For more information, contact Robert Berke, The Cambridge Group, 2614 Boston Post Road, Guilford, CT 06437; 203-458-1700, Fax 203-458-1730; Email: cambridge_re@yahoo.com. (continued on page thirty)
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T H E L A N D S C A P E M AY C H A N G E . . .
. . . Y E T C E RTA I N F U N D A M E N TA L S H O L D C O N S TA N T.
L O YA LT Y. I N T E G R I T Y. DISCIPLINE. FOCUS. R E TA I L .
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home-related chains expand nationwide Ace Hardware Corp. trades as Ace Hardware at 4,600 locations nationwide and internationally. The home improvement stores, offering lawn and garden supplies, tools, paint, hardware, plumbing and electrical items, as well as outdoor living products, occupy spaces of 10,000 sq.ft. in various retail settings. Growth opportunities are sought throughout Atlanta, Augusta, Brunswick and Savannah, GA during the coming 18 months. Typical leases run 10 years. A land area of 1.5 acres is required. The preferred average daily traffic count is 10,000 vehicles. The company requires 8,000 sq.ft. for an outdoor selling area. For more information, contact Darin Workman, Ace Hardware Corp., 8815 Stone River Drive, Gainesville, GA 30506; 678-910-8476, Fax 678-947-3104; Email: dwork@acehardware.com; Web site: www.myace.com. Sears Hometown Stores operates 1,000 locations nationwide and in Puerto Rico and Guam. The stores, offering appliances, tools and lawn and garden products, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in various retail settings. Growth opportunities are sought throughout the Atlanta, GA metropolitan
area during the coming 18 months. Typical leases run five years. For more information, contact Jackie Adams, Sears Hometown Stores, 6259 Braidwood Way, Acworth, GA 30101; 678-524-5062, Fax 678-354-7597; Email: jacalynn.adams@searshc.com; Web site: www.searshometown.com. Room & Board operates 14 locations throughout CA, CO, GA, IL, MA, MN, NY, WA and Washington, DC. The stores, offering classic contemporary home furnishings, occupy spaces of 25,000 sq.ft. to 35,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group. For more information, contact Chuck Lanyard, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201703-9700 Ext. 115, Fax 201-703-9678; Email: clanyard@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com. Colortyme, Inc. trades as Colortyme and Rimtyme at 200 locations nationwide. Colortyme offers appliances, electronics
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and furniture on a rent-to-own basis, and Rimtyme specializes in providing custom wheels and tires and prefers to occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in freestanding locations, strip centers and downtown areas. Growth opportunities are sought throughout the existing market during the coming 18 months. The company is franchising. For more information, contact Michael Landry, Colortyme, Inc., 5000 Legacy Drive, Suite 210, Plano, TX 75024; 972403-4900, Fax 972-403-4935; Web site: www.colortyme.com. Ben’s Brands for Less operates 14 locations throughout GA. The home furnishings stores, offering living room, dining room and bedroom furniture, as well as home office and entertainment items and mattresses, occupy various size stores and operates in retail settings. Growth opportunities are sought throughout the Atlanta, GA metropolitan area during the coming 18 months. For more information, contact Ben Haverty, Ben’s Brands for Less, 6065 Barfield Road, Suite 222, Sandy Springs, GA 30328; 404-856-3463, Fax 404-856-3468; Email: bhaverty@bens.com; Web site: www.bens.com. (continued on page twenty-six)
WE’VE CORNERED THE MARKET.
Urstadt Biddle Properties is metro NY’s dominant grocery-anchored shopping center owner.
55 PROPERTIES | 5 MILLION SQUARE FEET Visit us at 332 Americas Hall I at the 2012 ICSC NY National Conference Seeking Tenants and Acquisitions
321 Railroad Avenue Greenwich, CT 06830 203-863-8200 • ubproperties.com
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Soho
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Cambridge
Soho Chicago
Brooklyn
Leasing Chris Conlon cconlon@acadiarealty.com
acquisitions Joel Braun jb@acadiarealty.com
icsc Booth nassau B 800.227.5570 www.acadiarealty.com
home-related chains expand nationwide
apparel chains expand nationwide
(continued from page twenty-four)
(continued from page twenty)
Grossman’s Bargain Outlet operates 50 locations throughout MA, NY, OH, PA and RI. The home improvement centers, offering kitchen cabinets, laminate, vinyl and hardwood floor coverings, windows, interior doors and bathroom vanities, occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the existing markets in addition to CT and NH during the coming 18 months, with representation by Horn Cos. The company requires 6,500 sq.ft. for an outside display area. E.C. Barton & Co. trades as Grossman’s Bargain Outlet, Barton’s, Builders Material Co., Design Center and Surplus Warehouse at 120 locations throughout AL, AR, FL, LA, MA, MO, MS, NC, NH, NY, OH, PA, RI, SC, TN and TX. For more information, contact Tom Hornstein, Horn Cos., 6194 Thompson Road, Syracuse, NY 13206; Email: horncompanies@gmail.com; Web site: D M www.bargain-outlets.com.
Gussini Fashion & Shoes operates eight locations throughout MD and northern VA. The stores, offering women’s apparel and footwear, occupy spaces of 5,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the Washington, DC metropolitan area during the coming 18 months, with representation by Newmark Grubb Knight Frank. Preferred cotenants include fashion retailers. The company will consider short and long term leases and prefers to locate inside the beltway area. Goodwill of Greater DC operates locations throughout MD, VA and Washington, DC. The stores, offering used apparel, accessories and household items, occupy spaces of 18,000 sq.ft. to 25,000 sq.ft. in various retail settings. Growth opportunities are sought throughout MD, VA and the suburbs of Washington, DC during the coming 18 months, with representation by Newmark Grubb Knight Frank. Goodwill of Greater DC – Donation Centers operate locations throughout MD, VA and Washington, DC. The facilities, which are designated for dropping off used apparel, accessories and household items, occupy spaces
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of 1,200 sq.ft. to 2,000 sq.ft. in various retail settings. Growth opportunities are sought throughout MD, VA and the suburbs of Washington, DC during the coming 18 months, with representation by Newmark Grubb Knight Frank. For more information, contact Edward Goldmeier, Newmark Grubb Knight Frank, 400 East Pratt Street, Suite 710, Baltimore, MD 21202; 410-625-4202; Email: egoldmeier@ngkf.com; Web sites: www.ngkf.com and www.dcgoodwill.org. Mandee operates 30 locations throughout CT, DE, FL, IL, NJ, NY and PA. The stores, offering discounted women’s apparel, occupy spaces of 7,500 sq.ft. to 10,000 sq.ft. in regional malls. Growth opportunities are sought throughout DE, southern NJ and southeastern PA during the coming 18 months, with representation by Legend Properties, Inc. The company prefers to locate in densely populated areas. For more information, contact Marie Rita Aristone, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 856-231-1010; Web D site: www.mandee.com. M
TLE Seeking Developers Nationwide Building from experience...
ONE BLOCK AT A TIME! Recession resistant business with a growing market. The Learning Experience® is expanding rapidly throughout the United States with over one hundred and sixty sites operating or currently under development encompassing fourteen states. The Learning Experience® has over a quarter century of experience operating premier child care centers and preschools opening it’s first center in 1979. The Learning Experience® opens a new center every 15 days.
Submission Requirements: Building Type: ........................................................................................................ Free Standing Out Parcel Size: ..............................................................................................................................10,000 Square Feet +/Demographics: ................................................................................$75,000+ Average Household Income Children under age 6: ................................................................................... 5,000+ within a 5 mile radius Population: ..................................................................................................... 75,000+ within a 5 mile radius Lease Terms:..............................................................................15 Years plus minimum two 5-year options Other: ................................................................................................ Visibility, Ease of Access, Build-To-Suit
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W W W. T H E L E A R N I N G E X P E R I E N C E . C O M • 1 . 8 8 8 . 8 6 5 . 7 7 7 5 Page 26 | December 7, 2012
Dealmakers Magazine | www.dealmakers.net
Turning On reTail! Dots operates more than 400 stores in 28 states. Dots 3 year plan includes opening new stores in all 28 states. Criteria • Power centers, regional and community shopping centers with national tenants, deep discount anchors, dominant supermarket or discount apparel anchors • Targeting 4,000 to 5,000 square feet with a minimum 40 foot storefront
Demographic Profile • Metropolitan, urban and suburban markets • Typical trade area population of at least 75,000 • Median household income of $45,000 to $65,000 Kyle Koenig 440-349-7040 kkoenig@dots.com Director of real estate
Philip grassie 440-349-7825 pgrassie@dots.com real estate Manager
John Clark 440-349-7744 jclark@dots.com Director of Store Development
Justin Holtzman 440-349-2535 jholtzman@dots.com real estate representative
www.dots.com
exclusives and leasing assignments The Shumacher Group (404-240-0040) is representing the following retailers with their expansion plans throughout GA: Jim N Nick’s in spaces of 3,500 sq.ft. to 5,500 sq.ft. with patio space and a drive-thru, Logan’s Roadhouse using spaces of 7,200 sq.ft. in freestanding locations and Monkey Joe’s in spaces of 13,000 sq.ft. to 15,000 sq.ft., Figo Pasta in spaces of 2,400 sq.ft. to 2,800 sq.ft., Fuji Hana in spaces of 5,000 sq.ft., Hooter’s using spaces of 5,000 sq.ft., Rumi’s utilizing spaces of 2,500 sq.ft. to 4,000 sq.ft., American Deli using spaces of 1,200 sq.ft. to 2,000 sq.ft., Golden Corral using spaces of 11,000 sq.ft. to 12,000 sq.ft.; Buckhead Pizza in spaces of 2,400 sq.ft., Roasters using spaces of 3,600 sq.ft. and Hot Stix utilizing spaces of 3,000 sq.ft. throughout the Atlanta, GA metropolitan area and Verizon Wireless using spaces of 4,000 sq.ft. to 4,800 sq.ft. throughout Atlanta, as well as La Parilla Mexican Restaurant utilizing spaces of 5,000 sq.ft. to 6,000 sq.ft. throughout the southeastern U.S. and F2O in spaces of 2,800 sq.ft. throughout NC and TN. NAI Isaac Commercial Properties (859-2242000) has been named the exclusive leasing agent of Turfland Mall, a 350,000 sq.ft. center located in Lexington, KY.
Katz & Associates (845-735-6666) is representing the following retailers with their expansion plans: Pholicious using spaces of 1,500 sq.ft. in kiosks and inline spaces along the east coast; DSW using spaces of 17,500 sq.ft. to 22,000 sq.ft. in power centers or freestanding locations throughout AL, AR, CT, FL, GA, KY, LA, MI, MS, NC, NJ, NY, OK, eastern PA, and SC; Ulta utilizing spaces of 10,000 sq.ft. in regional shopping centers throughout FL; Saks Fifth Avenue Off 5th in spaces of 25,000 sq.ft. to 28,000 sq.ft. in power centers; Tilly’s using spaces of 7,000 sq.ft. to 10,000 sq.ft. in power centers throughout DE, MD, NJ, NY, PA and northern VA; Eastern Mountain Sports utilizing spaces of 12,000 sq.ft. to 15,000 sq.ft. in Chicago, IL and the northeast region and Namco utilizing spaces of 25,000 sq.ft. to 30,000 sq.ft. throughout the northeast; Firebirds in spaces of 6,500 sq.ft. throughout Monmouth County and northern NJ and NC; Joe’s Crab Shack using spaces of 7,000 sq.ft. to 9,000 sq.ft. in northern and central NJ; Journelle utilizing spaces of 1,200 sq.ft. to 1,500 sq.ft. and La Terrine occupying spaces of 1,000 sq.ft. to 2,000 sq.ft. in Manhattan, NY: Let’s Yo! using spaces of 1,500 sq.ft. throughout NJ, NY and PA; PGA Tour Superstore using spaces of
50,000 sq.ft. throughout northern and central NJ; Retro Fitness using spaces of 11,000 sq.ft. to 16,000 sq.ft. throughout the New York, NY metropolitan area; Savers using spaces of 25,000 sq.ft. to 30,000 sq.ft. the New York, NY metropolitan area; Tilly’s in spaces of 7,500 sq.ft. to 10,000 sq.ft. throughout MD, NJ, NY, PA, northern VA and Washington, DC; Uncle Julio’s in spaces of 8,500 sq.ft. to 10,000 sq.ft. throughout Chicago, IL; FL and the New York, NY metropolitan area and Vitamin World utilizing spaces of 1,500 sq.ft. to 2,000 sq.ft. in strip centers and freestanding locations throughout northern NJ. KeyPoint Partners, LLC (781-273-5555) has been named the exclusive leasing agent and manager for Woburn Mall, a 276,200 sq.ft. mall located at the intersection of Route 93 and Route 95/128 in Woburn, MA. Tenants include T.J. Maxx, HomeGoods, The Sports Authority, DSW and CVS. Winick Realty Group, LLC (212-792-2647) is representing New York Burger Co. with its expansion plans throughout New York, NY. The chain of restaurants occupies spaces of 1,200 sq.ft. to 2,000 sq.ft. (continued on page forty-two)
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Please visit
food retailers expand nationwide (continued from page twenty-two)
Chipotle operates 1,350 locations nationwide. The chain of Mexicaninspired restaurants occupies spaces of 1,350 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage. The Habit Burger Grill operates 68 locations throughout AZ and CA. The restaurants, offering burgers, sandwiches and salads, occupy spaces of 2,000 sq.ft. to 2,400 sq.ft. in endcaps of shopping centers and freestanding locations. Growth opportunities are sought throughout Orange County and Inland Empire, CA during the coming 18 months, with representation by Commercial West Brokerage. Panera Bread operates 1,625 locations throughout 40 states nationwide, as well as in Canada. The chain of restaurants, offering soups, sandwiches, breads and salads, occupy spaces of 4,200 sq.ft. to 4,600 sq.ft. in endcaps and pad sites of shopping centers and freestanding locations. Growth opportunities are sought throughout Orange County and select markets of Los Angeles County, CA during the coming 18 months, with representation by Commercial West Brokerage. Patio space is preferred. Wasa Sushi operates three locations throughout Orange County, CA. The chain of sushi restaurants occupy spaces of 1,800 sq.ft. to 2,500 sq.ft. in endcaps and split pad sites of shopping centers. Growth opportunities are sought throughout Apple Valley, Victorville and Yucca Valley, CA during the coming 18 months, with representation by Commercial West Brokerage. Zankou Chicken operates nine locations throughout CA. The chain of restaurants occupies spaces of 2,500 sq.ft. in various retail settings. Growth opportunities are sought throughout Los Angeles, CA during the coming 18 months, with representation by Commercial West Brokerage. The chain prefers sites with patio settings. For more information regarding Chipotle, The Habit Burger Grill and Panera Bread, contact John Romm, Commercial West Brokerage, 2443 East Coast Highway, Corona Del Mar, CA 92625; 949-723-7300, Fax 949723-7301; Email: jromm@commercialwest.com; Web site: www.commercialwest.com. For more information regarding Wasa Sushi, contact Phil Berry, Email: pberry@commercialwest.com. For more information regarding Zankou Chicken, contact Doug Wombacher, Email: doug@commercialwest.com. Page 30 | December 7, 2012
Krispy Kreme Doughnuts operates more than 690 locations worldwide. The doughnut shops occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding buildings situated on land areas of 0.85 acres. Growth opportunities are sought throughout the Atlanta, GA metropolitan area during the coming 18 months. Typical leases run 10 years with four, five-year options. Outdoor patio seating is preferred. Preferred area demographics include a population of 50,000 within three miles earning $50,000 to $75,000 as the median household income. Preferred average daily traffic counts include 25,000 vehicles. The company prefers site submittals via email. For more information, contact Bobby Speir, Krispy Kreme Doughnut, 370 Knollwood Street, Suite 500, Winston-Salem, NC 27103; Email: bspeir@krispykreme.com; Web site: www.krispykreme.com. Great American Cookies operates 280 locations nationwide. The cookie shops occupy spaces of 200 sq.ft. in food courts and 600 sq.ft. inline spaces in shopping centers. Growth opportunities are sought throughout GA during the coming 18 months, with representation by Global Franchise Group. A vanilla shell is required. Preferred area demographics include a population of 60,000 within 10 miles earning $40,000 as the median household income. For more information, contact Johnny Bauman, Global Franchise Group, 1346 Oakbrook Drive, Suite 170, Norcross, GA 30093; 770-514-4949, Fax 770-514-4913; Email: jbauman@globalmanagement.com; Web site: www.globalfranchise.com. Jimmy John’s Gourmet Sandwiches operates 1,460 locations nationwide. The chain of restaurants occupies spaces of 1,200 sq.ft. to 1,800 sq.ft. in various retail settings. Growth opportunities are sought throughout Atlanta, Macon and Augusta, GA during the coming 18 months. Typical leases run five years with three-year options. Preferred demographics include a population of 20,000 within a five minute drive-time earning $40,000 as the average household income. Preferred average daily traffic counts include 25,000 vehicles. For more information, contact Dan Albo, Jimmy John’s Gourmet Sandwiches, 2212 Fox Drive, Champaign, IL 61820; 217-3569900; Email: realestate@jimmyjohns.com; Web site: www.jimmyjohns.com. Yogurtland operates over 190 locations nationwide, as well as in Guam and Mexico. The yogurt shops occupy spaces of 1,600 sq.ft. to 1,800 sq.ft. sq.ft. in corner spaces
and endcaps of shopping centers. Growth opportunities are sought throughout DE, central and southern NJ and southeastern and eastern PA during the coming 18 months, with representation by Legend Properties, Inc. The company prefers sites with outdoor patio seating. For more information, contact Steve DePetris, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 856-231-1010; Web site: www.lpre.com. Firehouse Subs operates 527 locations nationwide. The chain of restaurants occupy spaces of 1,600 sq.ft. in various retail settings. Growth opportunities are sought throughout GA during the coming 18 months. Typical leases run five to 10 years, with two fiveyear options. Preferred area demographics include a population of 20,000 earning $35,000 as the median household income. Preferred average daily traffic counts include 25,000 vehicles. For more information, contact Billy Mitchell, Firehouse Subs, 3400 Kori Road, Jacksonville, FL 32257; 904886-8300, Fax 904-886-2111; Email: bmitchell@firehousesubs.com; Web site: www.firehousesubs.com. Zoup! operates 42 locations throughout CO, CT, IL, IN, KY, MA, MI, OH, PA and Washington, DC, as well as Ontario, Canada. The chain of restaurants, offering soups and sandwiches, occupies spaces of 2,500 sq.ft. in endcaps and inline spaces of power and specialty centers, as well as freestanding locations. Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months, with representation by Paraclete Realty. For more information, contact Charlie Phelps, Paraclete Realty, 9648 South Pines Road, Suite 100, Warrenton, VA 20186; 301536-7900; Email: charlie@paracleterealty.com; Web site: www.paracleterealty.com. Port of Subs operates 150 locations throughout AZ, CA, ID, NV, OR, UT and WA. The sub shops occupy spaces of 1,300 sq.ft. to 1,500 sq.ft. in shopping centers, pad sites and freestanding locations. Growth opportunities are sought throughout AZ during the coming 18 months, with representation by NAI Horizon. The company prefers locations with dense daytime populations and high traffic counts. For more information, contact Shelby Tworek, NAI Horizon, 2944 North 44th Street, Suite 200, Phoenix, AZ 85018; 602955-4000; Email: stworek@naihorizon.com; Web site: www.portofsubs.com. DM Dealmakers Magazine | www.dealmakers.net
we know
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lease signings Midland Atlantic Properties (317-580-9900) negotiated the following leases: with Viet Hoa International Supermarket for 25,200 sq.ft. at Castleton Plaza, located along East 82nd Street in Indianapolis, IN, with the company representing the tenant and The Broadbent Co. representing the landlord, Castleton Plaza, LP, in the transaction; with Five Guys Famous Burgers & Fries for 2,400 sq.ft. at Brownsburg Village Shopping Center, located along East Northfield Drive in Brownsburg, IN, with the company representing the landlord and Echelon Realty representing the tenant in the transaction; with Renew Cosmetic Spa for 2,480 sq.ft. at Hunter’s Quest, located along East Carmel Drive in Carmel, IN and with Appliance Shop Signs for 1,000 sq.ft. at Irvington Plaza, located along East Washington Street in Indianapolis, IN, with the company representing the landlord in the transaction. Prudential Douglas Elliman (212-891-7000) negotiated a lease with Nourish Kitchen + Table, located along Greenwich Avenue between West 12th Street and Bank Street in New York, NY. The company represented the landlord and Redwood Property Group represented the tenant in the transaction.
Page 32 | December 7, 2012
Goodman Real Estate Services Group, LLC (216-381-8200) negotiated the following leases throughout OH: with Starbucks in Solon, with the company representing the tenant in the transaction, with Elements Therapeutic Massage at MarketPlace at Avon in Avon; with Weight Watchers at the Shoppes at Chapel Hill in Cuyahoga Falls and Dots at the Southland Crossing in Boardman, as its exclusive broker in northern OH, in addition to leasing spaces to Sports Clips in Stow, Zoup! for a store in Copley and with Firehouse Subs at Borders Plaza in Strongsville. Coldwell Banker Commercial (843-7449877) negotiated a lease with State Farm Insurance along Highway 17 North in Mt. Pleasant, SC, with the company representing the tenant in the transaction. The company also negotiated the following leases along North Main Street in Summerville, SC: with Amore Beauty and Spa, Elavated Fitness Solutions and Motor City, Inc. Lee & Associates (760-241-5211) negotiated a lease with Dayoush Dayan for 1,000 sq.ft. at Barstow Outlets, located along Mercantile Way in Barstow, CA.
Mid-America Real Estate-Michigan, Inc. (248-855-6800) negotiated a lease with Artistic Design Beauty Salon for 1,280 sq.ft. at Riverbend Plaza, located along East Jefferson Avenue in Detroit, MI. The company represented the landlord in the transaction. The company also negotiated a lease with Jimmy Johns for 1,728 sq.ft. at Brighton Gate Commons, located along East Grand River Avenue in Brighton, MI. The company represented the tenant in the transaction. The company also negotiated a lease with May Audiology for 1,501 sq.ft. at Country Creek Commons, located at the intersection of Adams Road and Silverbell Road in Oakland Township, MI, with the company representing the landlord, Eagle Creek Master, LLC, in the transaction. CB Richard Ellis (602-735-5555) negotiated a lease with DSW Shoe Warehouse for 20,000 sq.ft. at Gateway Pavilions, a power center located at the intersection of 99th Avenue and McDowell Road in Avondale, AZ. The company represented the tenant and GDC/RE represented the landlord, Inland Western Avondale McDowell, LLC, in the transaction. (continued on page thirty-six)
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KIN PROPERTIES OWNERS OF 800+ SINGLE TENANT PROPERTIES 30+ MILLION SQUARE FEET
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make an appointment to see us at the NY ICSC convention Booth #397 (Hilton - Americas Hall 1) 185 NW Spanish River Blvd • Suite 100 • Boca Raton • FL 33431
sources of financing Sterling Commercial Capital offers financing for retail, office, warehouse, industrial, and residential properties nationwide. The $2 to $15 million bridge recourse loans feature up to 50% loan-to-value rates on vacant properties and 60% loan-to-value rates on income producing properties, 12% rates for 12, 24 or 36-month terms. The company also offers $3 million to $50 million in financing for non recourse loans, featuring 85% loanto-value rates. For more information, contact Brian Opert, Sterling Commercial Capital; 800-497-8606; Web site: www.sterlingcommercialcapital.com. Cohen Financial negotiated $52 million in financing to Bristol Group, Inc. and La Craze Development Co. for Rolling Hills Plaza, a mixed-use center located in Torrance, CA containing 350,000 sq.ft. of retail and 58,000 sq.ft. of office space. The center is 92% occupied and tenants include Trader Joe’s, Bed Bath & Beyond, Rite Aid, 24 Hour Fitness and AMC Theaters. For more information, contact Cohen Financial, 50 California Street Suite 3550, San Francisco, CA 94111; 415397-2200, Fax 415-397-1646; Web site: www.cohenfinancial.com. DM
real estate professionals making the news
Bradford Allen (312-994-5700) hired six associates at the company’s office in Chicago, IL: Erik Schmitt, Narmar Doyle, Pablo Bonnin, Cory Schraier, Michael Mazza and CJ Ricciardi. Prior to joining the company, Schmitt served at GreenPoint Partners, Doyle served at Cassidy Turley, Mazza served at Twin Properties Management Group and Ricciardi served at Vector Marketing. The company specializes in real estate strategy, advice, marketing and transaction execution for occupiers, investors and owners of real estate. LMS Commercial Real Estate (717-569-9373) hired James Pointer as a broker. Pointer has most recently been involved with leasing retail properties in PA and OH. Pierson Commercial Real Estate (732-707-6900) hired Gregg Medvin as a sales representative. In his new role, Medvin will focus on marketing and leasing of shopping centers, representation of retailers and disposition and acquisition of retail properties throughout northern and central NJ. DM Page 34 | December 7, 2012
buyers and sellers (continued from page eighteen)
Stan Johnson Co. is selling a freestanding Lowe’s Home Improvement store located in Macedon, approximately 20 miles east of Rochester, NY. The absolute-net lease has 14 years remaining on the primary term and six options of five years each. Area retailers include Walmart. The asking price is $6.565 million with a Cap rate of 5.82% and $1.3 million in equity is required from the buyer. The average household income is $83,141 in a five-mile radius. The company is also selling a freestanding 12-screen United Artists Theater located along Interstate 80 in Roseville, CA. Area retailers include Walmart, Target, Petco, Office Max and Home Depot. The asking price of $12.566 million reflects an 8.50% Cap rate. The company is also selling a triple net-lease with Ruth’s Chris Steakhouse in Savannah, GA. The site is on the ground floor of News Place East, a mixed-use center. The lease has 16 years remaining on the 20-year lease with two options of five years each. Rent increases 10% every ten years and for each option. The asking price is $5.1 million with a 6.75% Cap rate. The company is also selling a Red Robin triple-net ground lease located along North Germantown Parkway in Cordova, TN. The lease has nine years remaining on the 15-year lease, with four options of five years each. The rent increases by 10% every five years. The average daily traffic count is 74,000 vehicles. Area retailers include Chili’s, Sonic, Bonefish Grill and IHOP. Area demographics include a population with one mile earning an average household income of $75,761. For more information regarding the Lowe’s Home Improvement site contact Anne Perrault, Stan Johnson Co., Two Warren Place, 6120 South Yale Avenue, Suite 813 Tulsa, OK 74136; 918-494-2690; Email: aperrault@stanjohnsonco.com. For more information regarding the United Artist Theater site or the Savannah, GA site, contact Ed Breslin; 501 Santa Monica Boulevard, Suite 420, Santa Monica, CA 90401; 310-7520283; Email: ebreslin@stanjohnson.com. For more information regarding the Cordova, TN site, contact Todd Moore or Jim Gibson; 832476-3440; Emails: tmoore@stanjohnsonco.com and jgibson@stanjohnsonco.com. Adelphia Properties is selling a fully-leased 10,200 sq.ft. strip center in Crete, IL. Cotenants include Subway and Advocate Health Care. Area retailers include McDonald’s, Kohl’s and Dairy Queen. The asking price is $1.295 million with a Cap rate of 10.10%. For more information, contact George Spirrison, Adelphia Properties; 630-4554495; Email: spirrison1@gmail.com.
HFF, L.P. is selling Preston Center Pavilion & Square, a 230,842 sq.ft. shopping center located along Westchester Drive in Dallas, TX. The project is 73.1% leased and anchored by DSW Show Warehouse, Marshalls, Gold’s Gym, CVS Pharmacy and Office Depot. Area demographics include a population of 372,305 within a five mile radius earning an average household income of $98,834. The firm also closed on the sale of the Public Market located in Emeryville, CA. The 260,000 sq.ft. mixed-use project consists of 145,000 sq.ft. of retail space, cotenanted by Urban Outfitters and Guitar Center, in addition to 115,000 sq.ft. for offices and the site has entitlements to develop an additional 830,000 sq.ft. of mixed-use development. Angelo Gordon and City Center Realty Partners acquired the project from TMG Partners and Rockwood Capital, while HFF, L.P. represented the seller. For more information regarding the Dallas, TX site, contact Barry Brown, HFF, L.P., 8401 North Central Expressway, Suite 700, Dallas, TX 75225; 214-265-0880; Fax 214-2659564: Email: bbrown@hfflp.com. For more information regarding the Emeryville, CA site, contact Nicholas Bicardo, 100 California Street, Suite 720, San Francisco, CA 94111; 415-276-6923; Email: nbicardo@hfflp.com; Web site: www.hfflp.com. Lee & Associates is selling a 1.96 acre parcel situated on Catt Road in Wildomar, CA. Nearby retailers include Albertson’s, McDonald’s, Ace Hardware, Denny’s, Panda Express, Fitness 19, Starbucks, Fantastic Sams and Massage Envy. The asking price is $2.5 million. For more information, contact Mike Hanna, Lee & Associates, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562; 951-4454503; Email: mhanna@lee-associates.com. Retail Solutions is selling a Walmart Supercenter-shadow anchored shopping center located in Austin, TX. The project is 100% leased. For more information, contact Ryan Hoff, Retail Solutions; 512-474-5557; Email: ryan@retailsolutions.us; Web site: www.retailsolutions.us. Streetsense is selling a 1.25-acre pad site located along Route 236 in Annandale, VA. Area retailers include Kmart, Staples, Giant and Gold’s Gym. For more information, contact Lee Engle or Jeff Banks, Streetsense; 240-479-7207/7196; Emails: lengle@streetsense.com and jbanks@streetsense.com. (continued on page forty)
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ACCESSMOR GROWMOR EXPECTMOR As a growing retailer, one of the most important decisions you face is choosing the right locations for your next stores. But where to begin? The best place to start is with a comprehensive real estate company like Brixmor. We are the nation’s second-largest community and neighborhood shopping center owner, with 620 properties covering about 96 million square feet. We offer the best locations in highly productive shopping centers, are well capitalized, and are deeply committed to supporting the growth of our retailers. Working together, we will join your great retail concept with our well positioned properties – opening another door to continued success. Visit us at ICSC NY Conference & Deal Making
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lease signings Newmark Grubb Knight Frank (212-3722000) negotiated a lease with Civilianaire for 1,250 sq.ft., along with a 400 sq.ft. basement, along East Houston Street in New York, NY. The company represented the landlord and Hanley Advisors represented the tenant in the transaction.
R. J. Waters & Associates, Inc. (610-3886600) negotiated a lease with Lagore Management, LLC for a 1,600 sq.ft. tanning salon at the Shoppes at Dilworthtown Crossing, a 140,555 sq.ft. center located at the intersection of West Baltimore Pike and Route 796 in West Grove, PA. The company represented the landlord in the transaction.
NAI Mertz (856-234-9600) negotiated a lease with MedExpress for 7,500 sq.ft. at Southwood Shopping Center, located along Mantua Boulevard in West Deptford, NJ and for 5,600 sq.ft. along Route 130 North in Cinnaminson, NJ.
S.L. Nusbaum Realty Co. (757-282-6505) negotiated a lease with Furniture Mart for 40,000 sq.ft. at Regency Hilltop Shopping Center, located in Virginia Beach, VA, with the company representing the landlord in the transaction.
(continued from page thirty-two)
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11440 San Vicente Blvd, Ste 200 | Los Angeles, CA 90049 | www.westfin.com Page 36 | December 7, 2012
Brixmor Property Group (847-272-9800) negotiated the following leases: with Walmart Neighborhood Market for 32,906 sq.ft. at Esplanade Shopping Center, located in Oxnard, CA; with Harbor Freight Tools for 20,196 sq.ft. at The Commons at Crystal Lake in Crystal Lake, IL; Tommy Hilfiger for 5,265 sq.ft. at Pointe Orlando, located along International Drive in Orlando, FL; with Lee’s Deli for 2,947 sq.ft. and with EZ Eyebrow for 940 sq.ft. at University Mall in Davis, CA; with San Dimas Tailor for 1,091 sq.ft. at Sam Dimas Plaza, located along West Arrow Highway between Orange Freeway/Highway 57 and North Lone Hill Avenue in San Dimas, CA; with Foot Spa for 2,810 sq.ft. at Village Plaza in Garland, TX; with Zoom Tan for 1,680 sq.ft. at Naples Plaza in Naples, FL; with Rainbow for 5,900 sq.ft. at Stockbridge Village, located at the intersection of Stockbridge Road/Highway 138 and Hannover Parkway South in Stockbridge, GA and Coe & Associates representing the tenant in the transaction; with Gold Star Chili for 2,600 sq.ft. at Western Hills Plaza, located at the intersection of Glenway Avenue and Werk Road in Cincinnati, OH; with State Farm Insurance for 1,680 sq.ft. at Greenville Commons in Greenville, TN; with H&R Block for 1,200 sq.ft. at Valley Crossing in Hickory, NC; with Jenny Craig for 1,875 sq.ft. at Belfaire Towne Village in Bluffton, SC; with Weight Loss Solutions for 1,210 sq.ft. at Dublin Village in Dublin, GA; with Players of Royal Palm Beach for 2,500 sq.ft. at Cobblestone Village I in Royal Palm Beach, FL and Memory Transfer for 2,880 sq.ft. at Starlite Plaza in Sylvania, OH. Sansone Group (314-727-6664) negotiated the following leases throughout MO: with Oreck for 1,297 sq.ft. at Sunset Village Shops, located along South Lindbergh Boulevard in Sunset Hills, with the company representing the landlord in the transaction and with Foot Healers Holdings for 1,150 sq.ft. at Dierbergs Brentwood Pointe, located along Eager Road in Brentwood, with the company representing the landlord, Dierbergs Brentwood, LLC, in the transaction. The company also negotiated a lease with Playing with Scissors for 3,150 sq.ft. at Times Square Mall, located along Broadway Street in Mt. Vernon, IL, with the company representing the landlord in the transaction. Fameco Real Estate L.P. (610-834-8000) negotiated leases with Great Clips, Hand & Stone, C2 Education and GNC at Plaza Square, a 104,000 sq.ft. shopping center located in Wayne, NJ. The fully-leased center is anchored by ShopRite. (continued on page forty-eight)
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For nationwide leasing availability visit www.colecapital.com/leasing, scan the Qr code or contact brett sheets, senior vice president, leasing, at 602.778.6300 or via email at bsheets@colecapital.com. cole is not aFFiliated or associated with, is not endorsed by, does not endorse, and is not sponsored by or a sponsor oF the tenants or oF their products or services pictured or mentioned. the names, logos and all related product and service names, design marks and slogans are the trademarks or service marks oF their respective companies. *listed sF is approXimate and may include property not owned by cole.
2325 east camelback road, suite 1100, phoeniX, az 85016 www.colecapital.com | 1.877.800.cole (2653) Š 2012 cole capital advisors, inc. all rights reserved.
Projecting $5 billion in annual sales with nearly 3,800 stores and 5 strong, complementary brands.
dressbarn real estate department Phone: 845-369-4804 30 Dunnigan Drive, Suffern, NY 10901 e-mail us at real.estate@dressbarn.com
maurices real estate department Phone: 218-720-2071 105 West Superior Street, Duluth MN 55802 e-mail us at tkaris@maurices.com
tween brands real estate department Phone: 614-775-3548 8323 Walton Parkway, New Albany OH 43054 e-mail us at realestate@tweenbrands.com
lane bryant real estate department
catherines real estate department
Phone: 215-633-4963 3750 State Road, Bensalem, PA 19020 e-mail us at realestate@charming.com
Phone: 215-633-4963 3750 State Road, Bensalem, PA 19020 e-mail us at realestate@charming.com
buyers and sellers
new construction
(continued from page thirty-four)
(continued from page four)
The Goldstein Group is selling a 9,000 sq.ft. freestanding former Attillio’s Tavern located along East MacFarlan Avenue in Dover, NJ. The company is also selling a bi-level 5,000 sq.ft. retail building located along Bergenline Avenue in West New York, NJ. Area retailers include Rite Aid, Taco Bell, Burger King and McDonald’s. Also a half-acre site along Terrill Road in Scotch Plains, NJ is for sale. The site can accommodate a 4,800 sq.ft. retail building. Area retailers include Raymour & Flanigan, Dunkin Donuts, Jiffy Lube and Subway. A 9,300 sq.ft. freestanding building situated on a 26,572 sq.ft. parcel and located along Wanaque Avenue in Pompton Lakes, NJ is also for sale. Area retailers include A&P, Wendy’s, Planet Fitness and Starbucks. For more information regarding the site in Dover, contact Mark Handwerker, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-703-9700; Fax 201-703-9678; Email: mhandwerker@ thegoldsteingroup.com. For more information regarding the West New York site, contact Matt Flath; regarding the Scotch Plains and Pompton Lakes sites, contact Lew Finklestein; Emails: lfinklestein@thegoldsteingroup.com and mflath@thegoldsteingroup.com; Web site: www.thegoldsteingroup.com.
The Woodmont Co. is developing The Southlake Park Village, a 217,000 sq.ft. mixed-use development situated on 22.5 acres at the intersection of Southlake Boulevard and Carroll Avenue in Southlake, TX. The redevelopment will include a fourstory parking garage and fourteen proposed retail buildings. The project is slated to open during spring 2014. For more information, contact Rick Machak, The Woodmont Co., 2100 West 7th Street, Ft. Worth, TX 76107; 817732-4000, Fax 817-735-4738 ; Web site: www.woodmont.com.
Namdar Realty Group is acquiring shopping centers and triple-net leases throughout the southeast, Midwest, and northeast regions, with a focus on NY. The company is also selling Great Neck Promenade, a 37,455 sq.ft. strip center anchored by Regional Bank in Great Neck, NY. The asking price is $14.2 million with a Cap rate of 7%. Also, a 7,000 sq.ft. freestanding Sleepy’s Mattress in Commack, NY is for sale. The asking price is $2.75 million with a Cap rate of 6%. For more information, contact Brandon Hakimi, Namdar Realty Group, 150 Great Neck Road, Great Neck, NY 11021; 516-7730010 Ext. 111; Email: brandon@namdarllc.com. Rockwood Real Estate Advisors and CBRE are selling The Plaza, a 151,599 sq.ft. center situated on 12.4 acres along South Lewis Avenue, in Tulsa, OK. The center is 63% occupied and cotenants include The Vintage Pearl, Neilsens and Black & Pink. The asking price is $11 million. For more information, contact Jesse Terry, Rockwood Real Estate Advisors; 212871-8068; Email: jterry@rockwoodrea. com or Mendy Parish and Caitlin Boewe, CBRE Oklahoma; 918-392-7252; Emails: mendy.parish@cbreok.com and caitlin.boewe@cbreok.com. (continued on page forty-four)
Page 40 | December 7, 2012
Legend Properties, Inc. is preleasing Oceanview Plaza, a 13,000 sq.ft. center situated on a four-acre site at the intersection of Route 9 and School House Lane in Dennis Township, NJ. Area draws include Shore Gate Country Club. For more information, contact Maria Rita Aristone, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 856-231-1010; Email: maristone@lpre.com. Holland Partners plans to develop a project situated on 1.38 acres along North Brand Boulevard in Glendale, CA. Plans call for a 235-unit apartment component, retail space and restaurants. Construction is slated to be completed during summer 2014. For more information, contact Holland Partners, 3947 Lennane Drive, Suite 110 Sacramento, CA 98660; 360-6947888, Fax 360-905-0153; Web site: www.hollandpartners.net. Flaherty & Collins is preleasing a mixeduse development, located along 116th Street West in Fishers, IN. The project, situated on 3.4 acres, will include a four-story parking garage with more than 4,000 parking spaces. The project is slated to open during 2015. For more information, contact Flaherty & Collins, 8900 Keystone Crossing, Suite 1200, Indianapolis, IN 46240; 317-816-9300; Web site: www.flahertycollins.com. Tetra Partnerships is preleasing Shoppes at Glenkirk, a 31,966 sq.ft. shopping center located at the intersection of Rollins Ford Road and Estate Manor Drive in Prince William County, VA. Shop spaces of 28,987 sq.ft. are available. Cotenants include Kiddie Academy. For more information, contact Chris Pamboukian, Tetra Partnerships, 11450 Baron Cameron, Reston, VA 20190; 703-7961800 Ext. 105; Email: chris@tetrapartners. com; Web site: www.tetrapartners.com.
Madison Retail, LLC is developing Charles Hight Square, a mixed-use center located at the intersection of Turner McCall Boulevard and North Fifth Avenue in Rome, GA. The project will be anchored by a 54,817 sq.ft. Publix supermarket and tenants will include AT&T Mobility, Fantastic Sams, Sun Tan Hut, Benchmark Physical Therapy, Jimmy John’s Gourmet Sandwiches and Spa One Nails. For more information, contact Madison Retail, LLC, One Overton Park, 3625 Cumberland Boulevard, Suite 530, Atlanta, GA 30339; 770-818-4130, Fax 770-8184131; Web site: www.madisonretailllc.com. StoneBridgeCarras, LLC is developing a mixed-use center located at the intersection of Woodmont Avenue and Bethesda Avenue in Bethesda, MD. The development will include 40,000 sq.ft. of retail space, a 250-unit residential component and an underground parking-lot containing 1,200 spaces. The first phase of construction is slated to open during 2014 and the second phase is slated to be completed during 2015. For more information, contact StoneBridgeCarras, LLC, 7200 Wisconsin Avenue, Suite 700, Bethesda, MD 20814; 301-913-9610, Fax 301-913-9615; Web site: www.stonebridgeassociates.com. Ripco Real Estate is preleasing phase two of Gateway Center, located along Gateway Drive in Brooklyn, NY. The expansion will include 605,000 sq.ft. of retail space. JCPenney and ShopRite anchor the center. Cotenants include Michaels, T.J. Maxx, Pier 1 Imports, Ulta, Gap, Aldi, Petco and DSW. For more information, contact Ripco Real Estate; 212-750-6565; Web site: www.ripcony.com. Southern Land Co. is developing a mixeduse project located at the intersection of Hillsboro Road and Richard Jones Road in Green Hills, TN. The development will include a 5,000 sq.ft. retail component, a 24,000 sq.ft. office component and a 265unit residential component and is slated to open during spring 2015. For more information, contact Southern Land Co., 1550 W. McEwen Drive, Suite 200, Franklin, TN 37067, 615-778-3150; D Web site: www.southernland.com. M
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exclusives and leasing assignments (continued from page twenty-eight)
Strategic Retail Advisors (949-640-6678) is representing the following retailers with their expansion plans throughout CA: elements in spaces of 2,000 sq.ft. throughout Orange County and Inland Empire; Fantastic Sams using spaces of 1,000 sq.ft. to 1,200 sq.ft., The Children’s Place using spaces of 3,500 sq.ft. to 4,000 sq.ft. and Bluewater Grill utilizing spaces of 7,500 sq.ft. throughout southern CA; Panda Inn utilizing spaces of 6,000 sq.ft. to 7,500 sq.ft. in endcaps of shopping centers or freestanding locations, Tide Dry Cleaners in spaces of 3,000 sq.ft., Jenny Craig in spaces of 2,000 sq.ft., Latte Da using spaces of 2,400 sq.ft. and San Diego Credit Union utilizing spaces of 4,000 sq.ft. to 6,500 sq.ft. in Orange County. Thur Retail (703-879-4967) is representing Italian Gourmet Deli with its expansion plans throughout Bethesda, Potomac, Chevy Chase, Rockville and Silver Spring MD, as well as in Rosslyn, Clarendon, Bolston, Crystal City, Fairfax, McLean, Reston, Tysons and Vienna, VA. The restaurants prefer to occupy spaces of 1,000 sq.ft. to 1,700 sq.ft. in areas with a strong daytime population.
Page 42 | December 7, 2012
Legend Properties, Inc. (215-599-0312) is representing Famous Dave’s with its expansion plans throughout Lehigh Valley, Wilkes-Barre, Harrisburg, York, Lancaster and Reading, PA. The chain of restaurants, serving pork ribs, chicken and beef brisket, prefers to occupy endcaps of 4,000 sq.ft. to 6,000 sq.ft. in power or lifestyle centers or malls or freestanding locations of 5,000 sq.ft. to 6,000 sq.ft. on land areas of 1.5 to two acres. Preferred area demographics include a population of 75,000 within three miles. Arcore Real Estate Group (630-908-5706) is representing Wasabi with its expansion plans throughout Chicagoland, IL. The restaurants prefer to occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. with patio seating. Preferred demographics include a population of 75,000 within three miles earning $65,000 as the average household income. SCG Retail (212-741-2500), a division of The Shopping Center Group, is representing the following companies with their expansion plans in select markets throughout NY: Bobby’s Burger Palace, Whole Foods Market, Staples, REI, Costco and Starbucks.
Edgemark, LLC (630-572-5609) is representing Kiddie Academy with its expansion throughout Addison, Elk Grove Village, Bartlett, Elgin, Schaumburg, Hoffman Estates, Carol Stream, Hanover Park, Glendale Heights, Roselle and Itasca, IL. The company prefers to occupy spaces of 7,000 sq.ft. to 9,000 sq.ft. in freestanding locations on land areas of one to two acres. Preferred demographics include a trade-area population of 100,000 earning $80,000 as the average household income. The Goldstein Group (201-703-9700) has been named the exclusive leasing agent for The Crossroads at Eatontown, a 107,800 sq.ft. lifestyle center located at the intersection of Route 35 and Route 36 in Eatontown, NJ. Retail Select Services (949-305-9716) is representing Pieology Pizzeria with its expansion plans throughout southern CA. The pizzerias occupy spaces of 2,200 sq.ft. to 3,000 sq.ft. in endcaps of shopping centers or pad sites. DM read the dealmakers online at dealmakers.net
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lease signings
buyers and sellers
(continued from page thirty-six)
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Velocity Retail Group (602-682-6020) negotiated the following leases throughout AZ: with Goodwill of Central Arizona for 35,246 sq.ft. located at the intersection of Thunderbird and Scottsdale Road in Scottsdale, with the company representing the tenant in the transaction and for 13,500 sq.ft. at the Palisades in Fountain Hills, with the company representing the tenant and DeRito Partners representing the landlord in the transaction; with Mega Furniture USA for 25,760 sq.ft. at Costco Plaza, located at the intersection of Elliot and Priest in Phoenix, with the company representing the tenant and Strategic Retail Advisors representing the landlord in the transaction; with K-Momo, Inc. for 18,646 sq.ft., located at the intersection of Southern Avenue and Alma School Road in Mesa, with the company representing the tenant in the transaction; with Federico’s for 2,458 sq.ft. at Chandler Pavilions, located at the intersection of Ray and 54th Street in Chandler, with the company representing the landlord, First Financial Collateral, Inc., and Rein & Grossoehme representing the tenant; with Planet Fitness for 34,162 sq.ft. in a former Circuit City at Desert Sky Festival Mall in Phoenix, with the company representing the landlord, WestFest, Inc., and NAI Horizon representing the tenant in the transaction and with Spirit Halloween Superstores, LLC for 22,849 sq.ft. at the intersection of Shea and Scottsdale Road in Scottsdale, with the company representing the tenant and Phoenix Commercial Advisors representing the landlord in the transaction. The company also negotiated a lease with Mattress Firm for 7,091 sq.ft. at Plaza at Jordan Landing in Jordan Landing, UT.
EXP Realty Advisors, Inc. is selling a 2,911 sq.ft. freestanding Carl’s Jr. situated on a .86acre parcel in Missouri City, TX within the Houston metro market. The 20-year lease has rent increases of 10% every five years. Lowe’s Home Improvement shadow anchors the site, which is an outparcel to two strip centers tenanted by Chipotle, Five Guys Famous Burgers & Fries, AT&T Wireless, Einstein Brothers Bagels and Castle Dental. Area retail includes Super Target, Home Depot and Kroger. The site has a daily traffic count of 89,324 vehicles and $128,707 is the average annual household income within a one-mile radius. The asking price of $1.62 million reflects a Cap rate of 5.25%. The company is also selling a freestanding Bridgestone/Firestone location in Lombard, IL, a suburb of Chicago. The 15-year triple-net lease has increases of 6.5% every five years. Area retailers include Ultra Foods, Babies R’ Us, Office Depot and Kmart. Located along Roosevelt Road, the site has a daily traffic count of 44,900 vehicles. The asking price of $4.178 million reflects a 6.75% Cap rate. For more information contact Joe Caputo or Bob Moorehead, EXP Realty Advisors, Inc.; 4633 North Central Expressway, Suite 301, Dallas, TX 75205; 214-522-7200; Emails: joe@exp1031.com and bob@exp1031.com; Web site: www.exp1031.com.
Retail Solutions (512-474-5557) negotiated the following leases throughout TX: with Toros Tacos & Dillas for 950 sq.ft. along Guadalupe in Austin, with the company representing the landlord in the transaction; with My Little Greek for 1,795 sq.ft. at Lakeway Town Center, located along Route 620 South in Austin, with the company representing the tenant and the landlord in the transaction and with Johnson Fine Floors for 2,034 sq.ft. at Steck Town Center, located along Steck Avenue in Austin, with the company representing the landlord and CB Richard Ellis representing the tenant in the transaction. Remic Properties (781-237-9500) negotiated a lease with Access Orthopedics and Sports Medicine for 4,500 sq.ft. in Plaistow, NH. (continued on page forty-eight)
Page 44 | December 7, 2012
Cassidy Turley is selling Shoppes of Southbay, a 117,542 sq.ft. shopping center located along Big Bend Road in Riverview, FL. The center is 80% leased with Sweetbay Supermarket serving as the anchor, with 15 years remaining on its lease. Cotenants include Buffalo Wild Wings, AT&T, H&R Block, Panera Bread and Great Clips. For more information, contact Drew Fleming, Mark Joines, or Ron Ruffner, Cassidy Turley, 171 17th Street NW, Suite 1400, Atlanta, GA 30363-1032; 404682-3410/404-682-3416/813-498-6826; Emails: drew.fleming@cassidyturley.com, mark.joines@cassidyturley.com or ron.ruffner@cassidyturley.com. Jones Lang LaSalle and C-III Realty Services are selling the non-anchor mall area of Cortana Mall, a 1.433 million sq.ft. super regional enclosed mall situated on 98.72 acres and located in Baton Rouge, LA at the intersection of Florida Boulevard and Airline Highway. Sears, Macy’s, Dillard’s Clearance Center and JC Penney serve as anchors. The portion for sale consists of 357,109 sq. ft. of mall shops situated on 25.87 acres. For more information contact, Kris Cooper, Jones Lang LaSalle; 404-995-2271; Email: kris.cooper@am.jll.com.
Calkain Cos. negotiated the sale of a 9,026 sq.ft. Dollar Tree in Jonestown, PA. The property was acquired for $1.32 million with a Cap rate of 7.25%.The company also negotiated the sale of a 22,500 sq.ft. Tractor Supply Co., located in Brockport, NY. The property was acquired for $3.835 million with a Cap rate of 7.4%. The company is also acquiring bank branches throughout the Midwest and northeastern regions of the U.S. Suitable acquisitions include single units or portfolios priced up to $15 million, with lease terms of ten years or more. The company is also looking to acquire ground leases tenanted by McDonalds, Chic-fil-A, or national credit tenants. For more information regarding Dollar Tree, contact Andrew Fallon, Calkain Cos.; 703-787-4714. For more information regarding bank branches, contact Jeff Bogart, 703-596-5602; Email: jbogart@calkain.com. For more information regarding ground leases, contact Jon Florin; 703-787-4714; Email: jflorin@calkain.com. CB Richard Ellis negotiated the sale of a 13 property portfolio, including four Kohl’s stores, four Hobby Lobby stores and five Burlington Coat Factory stores. The properties total 996,544 sq.ft. and are located throughout CA. The company is also selling a freestanding Dollar General located along South 23rd Street in Philadelphia, PA. The 11,685 sq.ft. store is situated on a .22-acre parcel and includes 31 parking spaces. The NN lease entails a 10-year primary term with two options of five years. The asking price is $2.4 million. For details regarding the Kohl’s, Hobby Lobby and Burlington Coat Factory stores, contact Chris Bosworth, CB Richard Ellis, 3280 Peachtree Road, Suite 1400, Atlanta, GA 30305; 404-923-1486; Email: chris.bosworth@cbre.com. For more details regarding Dollar General, contact Elli Klapper; 718-289-7719; Email: elli.klapper@cbre.com. MDS Group, Ltd. is representing a client seeking to acquire strip centers or credit-anchored shopping centers throughout the southeastern region and along coastal areas in the U.S. The preferred price range is from $2 million to $40 million. Preferred area demographics include a population of at least 40,000 within five miles. For more information, contact Michael D. Subin, MDS Group, Ltd.; 914-420-1779; Email: msubin@donedealgroup.com. (continued on page forty-six)
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Visit us at 104 Rhinelander Gallery at the 2012 ICSC NY National Conference. Robert Delavale | Director of Leasing | 516-741-7400 x230 | rdelavale@breslinrealty.com 500 Old Country Road, Suite 200 | Garden City, NY 11530 Fax 516-741-5621 | www.breslinrealty.com
PROPERTY Artist Lake Plaza Baldwin Plaza Barnes & Noble Bay Harbour Mall Baybridge Commons* Best Buy - Stop & Shop Boulevard Plaza Bridgehampton Commons* Busy Bee Mall Carmans Plaza Clearmeadow Plaza Coram Plaza Currans Plaza CVS Plaza East End Commons Franklin Plaza Hooters Restaurant Hooters Restaurant Huntinton Square Mall Jay Scutti Plaza Jefferson Plaza* Kmart Plaza Kmart & BJ’s LaPlace Square Levittown Mews Liberty Crossing Long Beach Plaza Lowe’s* Marketplace Mall* Melville Plaza* Meridian Plaza Nassau Plaza One & Olney Square Orange Meadows* Pathmark Plaza (At Big H) Republic Plaza Rickel Plaza Ruby Tuesday Sears Service Merchandise Service Merchandise Service Merchandise Shoppes at Sun Lakes* Smith Haven Plaza Stewart Plaza Stop & Shop Stop & Shop Sunvet Mall* The HUB The Sands* Tiana Plaza Tower Square* TSS Plaza Verelye Square Village Square Walmart Walmart Walmart Walmart Washington Square Mall Westhampton Center Whitman Plaza Willow Wood Shoppes Woodbury Plaza
SQ. FT. LOCATION 379,000 85,000 20,000 320,000 50,000 85,000 225,000 250,000 156,000 180,000 279,000 225,000 180,000 15,000 250,000 75,000 12,000 16,000 200,000 279,000 350,000 145,000 225,000 150,000 93,000 550,000 75,000 135,000 150,000 220,000 275,000 60,000 104,000 150,000 120,000 190,000 75,000 7,000 150,000 150,000 50,000 50,000 75,000 120,000 15,000 70,000 67,000 210,000 290,000 250,000 85,000 40,000 550,000 15,000 20,000 100,000 117,000 151,000 110,000 425,000 25,000 279,000 56,000 120,000
Middle Island NY Baldwin NY Manhasset NY Lawrence NY Baybridge NY E. Northport NY Philadelphia PA Bridgehampton NY Massapequa NY Massapequa NY E. Meadow, NY Coram, NY Middle Island NY Port Jefferson NY Riverhead NY Franklin Plaza NY E. Meadow NY Hauppauge NY E. Northport NY Henrietta, NY Pt. Jefferson NY Babylon NY Riverhead NY LaPlace LA Levittown NY Stonington CT Long Beach MS Medford NY Henrietta NY Melville NY Meridian MS W. Hempstead NY Philadelphia PA Orange CT Huntington NY FaIrmingdale NY Commack NY Selden NY Massapequa NY E. Meadow NY Lake Grove NY Massapequa NY Holbrook NY Lake Grove NY Garden City NY Dix Hills NY E. Meadow NY Holbrook NY Hempstead NY Oceanside NY Hampton Bays NY Woodside NY Sayville NY Commack NY Patchogue NY Centereach NY East Meadow NY Farmingdale NY Smithtown NY Washington PA W. Hempstead NY Philadelphia PA Wantagh NY Plainview NY
buyers and sellers (continued from page forty-four)
UCR Investment Sales brokered the sale of four shopping centers in the Dallas/Ft. Worth, TX market for an aggregate sales price of $33.585 million. The properties included South Towne Crossing, a 59,986 sq.ft. shopping center in Burleson with Target and Home Depot as shadow anchors; Lake Forest Crossing, a 29,897 sq.ft. shopping center in McKinney with Walmart as its shadow anchor; McDermott Towne Center, a 42,700 sq.ft. shopping center shadow anchored by Kroger in Allen; Beach Western Commons, a 91,116 sq.ft. center in Ft. Worth and also shadow anchored by Kroger. UCR Investment Sales represented the sellers.
The company also negotiated the sale of a 14,457 sq.ft. center located in Carrollton, TX. The fully-leased center is cotenanted by Buffalo Wild Wings and Einstein Bros. The site is in close proximity to Neiman Marcus, Crate & Barrel, H&M and Macy’s. The average daily traffic count is 60,000 vehicles and within one mile, the average household income is $122,000. For more information regarding the centers in Dallas/Ft. Worth, TX, contact David Disney, UCR Investment Sales; 214-2521190; Web site: www.ucrinvestmentsales.com. For more information regarding the center in Carrollton, TX, contact Tommy Tucker, UCR Investment Sales; 214-252-1157.
Upland Real Estate Group, Inc. is selling an Old National Bank in Greencastle, IN. The asking price of $903,500 and reflects a 7% Cap rate and the annual rent increases by CPI with a 1.50% cap. The lease has 10 years remaining on the primary term, with four options of five years each. For more information, contact Deborah K. Vannelli, Upland Real Estate Group, Inc.; 612-376-4475; Email: deb@upland.com. Blue Ridge Capital, LLC is selling Northwood Shopping Center, located along North State Street in Jackson, MS. The center is currently 97% occupied and tenants include It’s Fashion Metro, Sally Beauty Supply and Simply Fashion. The asking price is $2.95 million with a Cap rate of 12.7%. For details, contact Jeff Enck, Blue Ridge Capital, LLC, 3715 Northside Parkway, Suite 2-450, Atlanta, GA 30327; 678-298-1096, Fax 404-364-9095. Tri-Oak Consulting Group negotiated the sale of three Dollar General single-tenant retail properties, located in AL and GA. The properties are all bound to NN leases with an average of 5.3 years remaining on the initial term. For details, contact Thomas Cotton, Tri-Oak Consulting Group, 2920 Marietta Highway, Suite 126, Canton, GA; 800-385-6421, Fax 800-418-6426; Email: thomas@tri-oak.com. The Maffia Team of Newmark Knight Frank- Cornish Carey Commercial is selling a freestanding 7-Eleven in Salisbury, MD. The primary lease term runs 15 years and the asking price of $1.165 million reflects a 5.25% Cap rate. For more information, contact Michael Yuras, The Maffia Team of Newmark Knight Frank – Cornish Carey Commercial, 916504-4905; Email: myuras@ccareynkf.com. Newmark Grubb Knight Frank is selling a freestanding AutoZone located in Sea Tac, WA, a suburb of Seattle. The lease has 13 years remaining on the primary term and rent increases of 5% every five years. The asking price is $1.455 million based on a 5.50% Cap rate. For more information contact Andy Gallas, Newmark Grubb Knight Frank; 321-2243160; Email: agallas@ngkf.com. DM
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COHEN REAL ESTATE — SINCE 1991 INVESTMENT SALES • $5 billion of real estate transacted • 25,000,000 SF of real estate transacted • Properties sold in 39 states • $120,000,000 currently listed exclusively in the Southeast, Midwest and Northeast • Clients include private investors, REIT’s and pension fund advisors
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AMERICAN COMMERCIAL REALTY — SINCE 2001 ASSET & PROPERTY MANAGEMENT • LEASING • REDEVELOPMENT • CONSTRUCTION MANAGEMENT
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Daytona Promenade | Daytona Beach, FL | 153,000 SF Planet Fitness, Family Dollar, PNC Bank, Bright House Networks 43,000 SF Anchor Space Available, Will Divide; Two Independent Units of 10,000 SF & 12,300 SF Available; Several In-Line Units From 1,320 to 1,975 SF Each, Plus Outparcels Mark Twain Village | St. Charles, MO | 306,000 SF Bass Pro, Gordmans, Aldi | 1,080 to 6,480 SF Available Plus Expansion
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Westside South | Gretna, LA | 322,000 SF Home Depot, Big Lots, Anna’s Linens, Rooms to Go, Its Fashion Metro, Tuesday Morning | 3,300 to 32,000 SF Available, Will Divide Roebuck Marketplace | Birmingham, AL | 225,000 SF Shadow anchored by Super Walmart, Rite Aid, Dollar Tree, CitiTrends, Its Fashion Metro, Rainbow, Hibbets, Abbey Carpet, Harbor Freight Individual units of 2,500 and 6,000 SF Available, Plus Outparcels See www.AmComRealty.com for more details
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LEASING & PROPERTY MANAGEMENT Rick Baer Chief Operating Officer 561 775 1300 Baer@AmComRealty.com
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lease signings (continued from page forty-four)
Taylor Long Properties (804-8649789) negotiated a lease for 1,400 sq.ft. with Great Clips at the Town Square Shopping Center in Roanoke, VA and with James River Crossfit for 3,500 sq.ft. along Trade Road in Richmond, VA. The company represented the tenants in both transactions. Representing the landlord, the firm negotiated a lease for 1,526 sq.ft. with H&R Block at the Coleman Marketplace in Danville, VA. Breslin Realty (516-741-7400) negotiated a 10-year lease with Dollar Max for a 2,000 sq.ft. store along Peninsula Avenue in Hempstead, NY. The dollar store will join T-Mobile and Subway at the site.
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Katz & Associates (845-735-6666) negotiated leases with DSW in Riverhead and Syosset, NY in addition to locations in Ramsey and Bridgewater, NJ at former Border’s locations. The stores range in size from 21,498 sq.ft. to 26,650 sq.ft. The company represents the shoe store chain throughout metro New York, NY. The Goldstein Group (201-703-9700) negotiated a lease with HomeGoods for a 24,000 sq.ft. store at Veterans Square Towne Center, a 144,000 sq.ft. shopping center anchored by ShopRite and Staples located in Lyndhurst, NJ. The company represented the landlord in the transaction. Cassidy Turley San Diego (858-625-5244) negotiated a 10-year lease with Pick Up Stix for 2,000 sq.ft. at Escondido Promenade, located along Auto Park Way in Escondido, CA with the company representing the tenant and Retail Insite representing the landlord in the transaction. The Sackar Co. (773-348-7777) negotiated a 10-year lease with Blast Fitness for 20,000 sq.ft. at Lombard Pines Shopping Center, located along South Main Street in Lombard, IL, with the company representing the landlord in the transaction.
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Charter Realty & Development Corp. (203227-2922) negotiated leases with AutoZone for 7,184 sq.ft. and Verizon for 1,817 sq.ft. at the Lake Shore Plaza II Shopping Center located in Lake Ronkonkoma, NY. Colliers International (212-716-3555) negotiated a 20-year lease for 11,300 sq.ft. with Quality Italian, a steakhouse restaurant, for space along West 57th Street in New York, NY. DM Dealmakers Magazine | www.dealmakers.net
Town Center Portfolio BAYSHORE TOWN CENTER GLENDALE (MILWAUKEE), WI Total GLA 1.3 Million Square Feet Retail 939,620 SF; Office 214,464 SF; Residential Units: 113 • 1.6 million MSA; 135,000 ADT • Wisconsin’s affluent north shore pocket with average HH income over $100,000 • Located in Milwaukee County, 6 miles north of downtown Milwaukee • Key Tenants: J.Crew, Brooks Brothers, The Cheesecake Factory, Gap, Apple, Coach, Banana Republic, Sports Authority, Barnes & Noble, Gymboree, H&M, Trader Joe’s, bebe, Vera Bradley, Forever 21, Loft, iPic Entertainment, Victoria’s Secret, Chico’s, Express
ZONA ROSA TOWN CENTER KANSAS CITY, MO Total GLA 1.3 Million Square Feet Retail 886,195 SF; Office 111,192 SF; Residential Units: 73 • Located in Platte County, the third wealthiest and fastest growing in Missouri • Over 10 million passengers travel through nearby Kansas City International Airport per year • Situated at the major intersection of I-29 and Barry Road; 168,000 ADT • Key Tenants: Dillard’s, BRAVO!, Barnes & Noble, White House | Black Market, Chico’s, Loft, DSW, Gap, Gap Kids, The Limited, Coldwater Creek, Old Navy, American Eagle, Forever 21, Gymboree, Bath & Body Works, Sephora, Hot Mama, Altar’d State, Buckle, Children’s Place
GREENE TOWN CENTER DAYTON, OH Total GLA 1.1 Million Square Feet Retail 717,761 SF; Office 145,401 SF; Residential Units: 206
38,500 SF Retail Expansion
• Situated in Dayton’s most affluent and growing suburbs; 147,000 ADT • Over 300,000 people with average HH income of more than $75k • 700,000 people in trade area and over 600,000 visitors per month • Key Tenants: Von Maur, The Cheesecake Factory, Old Navy, AMC Theatres, Gymboree, Express, McCormick & Schmick’s, Talbots, Banana Republic, Gap, Ann Taylor, Sephora, Victoria’s Secret, Eddie Bauer, Chico’s, White House | Black Market , Hot Mama, Forever 21
PENINSULA TOWN CENTER HAMPTON, VA Total GLA 1.1 Million Square Feet Retail 865,770 SF; Office 131.811 SF; Residential Units: 158 • Hampton Roads is the largest MSA between Washington DC and Atlanta • 686,000 people with average HH income of more than $61k in trade area • 170,000 vehicles pass by daily at Interstates 64 and 664 • Key Tenants: Macy’s, JCPenney, Target, Barnes & Noble, CinéBistro, Hollister, Gymboree, Victoria’s Secret, Chico’s, Aeropostale, The Limited, Kay Jewelers, Teavana, Loft, Nine West, New York & Company, Express, Forever 21, Outback Steakhouse, Justice, Talbots, H&M
Visit us at booth #170 Rhinelander Gallery at the Hilton New York or our private 2nd floor Surrey Conference Suite at the Warwick Hotel during the ICSC NY Conference. To schedule an appointment, please contact: Jim Davis, Vice President of Leasing 317.805.4854 jdavis@mpi-re.com
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For over 45 years, MPI has been a leader in diversified real estate development, investment and management. Our robust portfolio encompasses over 11 million square feet of retail space, as well as a multitude of office buildings, residential properties, and hotels nationwide.
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WeLco RepResents…
Visit us in new york — booth 405 • americas hall ii RepResenting pRopeRties thRoughout ct, nj, ny and pa The Mall at Bay Plaza | Bronx, NY Anchored by Macy’s & JC Penney
OPENING 2014 neW yoRK Bronx Bay Plaza Shopping Center East Tremont – 3860 E Tremont Avenue The Hub – 2910 Third Avenue Jerome Avenue – Gunhill Road & Jerome Ave. The Mall at Bay Plaza – Opening 2014 Riverdale – 234th St & Broadway Brooklyn Georgetowne Shopping Center Prince Plaza – 2417 Flatbush Avenue Sheepshead Bay – Ocean Avenue Long island East Northport – Ellwood Shopping Center Lake Grove – DSW Plaza Oceanside – Great Lincoln Shopping Center Oceanside – Long Beach Rd Plainview – ShopRite Shopping Centre new york 200 W. 16th Street orange county Middletown – Campbell Plaza Queens Bayside – 4219 Bell Blvd Forest Hills – 6940 Austin Street Ozone Park – Woodhaven Blvd & Rockaway Blvd. Whitestone/College Point – Whitepoint Shopping Center
staten island Hylan Commons – Hylan Blvd & New Dorp Lane Forest Promenade – Forest Ave & Richmond Ave. Westchester Greenburgh/White Plains – 50 Tarrytown Rd neW jeRsey Bayonne – 554 Broadway Bloomfield – 192 Bloomfield Avenue Bloomfield – Bloomfield Plaza Bricktown/Lakewood – Town & Country Shopping Center Cedar Knolls – Ridgedale Ave & E Hanover Ave Clark – 52 Westfield Avenue Denville – Denville Commons East Brunswick – Summer Hill Square Edgewater – City Place at The Promenade Edison – Edison Town Center Englewood – Towne Centre of Englewood Englewood – Palisades Court Shopping Center Florham Park – 165 Columbia Turnpike Garfield – 46 Outwater Lane Hasbrouck Heights – Rt. 17 & 46 Hawthorne – Hawthorne Plaza Hawthorne – 111 Wagaraw Road Hawthorne – 204 Wagaraw Road Howell – Howell Plaza Kearny – Bergen Avenue & Passaic Ave. Kearny – Harrison & Bergen Ave. Kinnelon – Meadtown Shopping Center Linden – Linden Plaza Midland Park – Midland Park Shopping Center Newark – Raymond Blvd & Broad St.
Newark – Bank Street & Halsey St. North Arlington – 614 Ridge Road North Bergen – Tonnelle Plaza North Brunswick – Commerce Center Nutley – 364 Centre Street Paramus – Paramus Towne Square – Rt. 17 Paramus – Rt. 17 Former Fortunoff Building Passaic – 220 Passaic Street Ramsey – Interstate Shopping Center River Edge – Route 4 River Edge – Kinderkamack Road River Vale – 645 Westwood Avenue Rutherford – 92 Park Avenue Secaucus – Harmon Meadow, Mill Creek Waldwick – 53 Franklin Tpke. Watchung – Watchung Commons Wayne – 1428 Route 23 North Wayne – 1578 Route 23 North West Orange – Essex Green Shopping Center connecticut Fairfield – Stop & Shop Plaza pennsyLVania Lebanon – Lebanon Plaza Philadelphia – Market Square suBLeases fRom hsBc nj aVaiLaBLe in: East Brunswick, Englewood, Hoboken, Jersey City, Livingston, Millburn, Newark, Ridgewood, Summit, Waldwick, West Caldwell, Westfield, Woodbridge dispositions fRom mandee/asez aVaiLaBLe in ct, nj and ny: Locations available upon request
914-576-7500 | jwelkis@welcorealty.com For additional information, please visit our website at www.welcorealty.com
sabreny.com
lead sheet Darsell Marketing and Trading, LLC dba Sun Spectacles Yavocka Young 201 East Pratt Street, Unit 56 Baltimore, MD 21202 202-231-7462
Accessories The company operates a location at Baltimore Harbor in MD. The sunglass boutique prefers to occupy spaces of 400 sq.ft. to 900 sq.ft. in tourist centers and inline spaces of shopping centers. Growth opportunities are sought nationwide during the coming 18 months. Preferred demographics include a dense tourist population earning $80,000 as the annual household income for the trade area. Preferred cotenants include accessories retailers.
Hobby Lobby Stores dba Hobby Lobby Creative Centers Scott Nelson 7707 Southwest 44th Street Oklahoma City, OK 73179 405-745-1100, Fax 405-745-1635 Web site: www.hobbylobby.com
Arts/Crafts/Fabrics The 520-unit chain operates locations nationwide throughout 42 states. The stores, offering arts and crafts, frames, seasonal and hobby items, occupy spaces of 55,000 sq.ft. to 60,000 sq.ft. in power and strip centers. Growth opportunities are sought along the east coast and throughout the western region of the U.S. during the coming 18 months.
Jo-Ann Stores, Inc. dba Jo-Ann Fabrics & Crafts 5555 Darrow Road Hudson, OH 44236 Web site: www.joann.com
Arts/Crafts/Fabrics The 790-unit chain operates locations nationwide. The stores, offering fabrics, crafts, sewing and home décor items, occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in freestanding locations, malls, power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run 10 years. Preferred cotenants include Bed Bath & Beyond, Best Buy, DSW, Famous Footwear, Home Depot, Kohl’s, Lowe’s Home Improvement, Marshalls, Target and T.J. Maxx. For more information regarding expansion throughout southern CA, Canada and Puerto Rico, contact Jeff Fink, 330-463-6952; Email: jeff.fink@joann.com. For more information regarding expansion throughout northern CA, ID, IL, MI, MN, MT, western NY, OR, western PA, WA and WI, contact Kevin Beegle, 330-463-6952; Email: kevin.beegle@joann.com. For more information regarding expansion throughout AL, CT, GA, MA, MD, ME, MS, NC, NH, NJ, eastern NY, eastern PA, RI, SC, TN, VA and VT, contact Adam Rabin, 301-528-2007; Email: adam.rabin@joann.com. For more information regarding expansion throughout AR, AZ, CO, FL, KS, LA, MO, NM, NV, OK, TX, VT and WY, contact Tony Carosello, 330-463-6600; Email: anthony.carosello@joann.com. For more information regarding expansion throughout IA, IN, KY, ND, NE, OH, SD and WV, contact Todd Burton, 330-463-8777; Email: todd.burton@joann.com.
AutoZone, Inc. dba AutoZone PO Box 2198 Memphis, TN 38101 Fax: 901-495-8969 Web site: www.autozonerealestate.com
Automotive The 5,000-unit chain operates locations nationwide and in Puerto Rico, in addition to Mexico and Brazil. The automotive parts and accessories shops occupy spaces of 5,400 sq.ft. to 7,200 sq.ft. in freestanding locations and inline spaces of shopping centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information regarding expansion throughout AZ, CA (excluding Imperial, Los Angeles, Orange, Riverside, San Diego, Santa Barbara, San Bernardino and Ventura Counties); CO, FL (Daytona Beach, Orlando and Tampa metropolitan areas, and all south thereof), ID, MT, ND, NE, NM, NV, OK, OR, SD, TX, UT, WA, WY and Puerto Rico, contact Brad Denzin; 901495-8904; Email: brad.denzin@autozone.com. For more information regarding expansion throughout AR, DE, IA, IL, IN, KS, KY, LA, MD, MI, MN, MO, MS, OH, PA (western and the Philadelphia metropolitan area), VA, WI, WV and Washington, DC, contact Kendrick Hickman; 901-495-8921; Email: kendrick.hickman@autozone.com. For more information regarding expansion throughout AL, AK, CA (Los Angeles, Imperial, Orange, Riverside, San Diego, Santa Barbara, San Bernardino and Ventura counties), CT, FL (Panhandle, and all north of Daytona Beach, Orlando and Tampa Bay metropolitan areas), GA, MA, ME, NC, NH, NJ, NY, PA (eastern and excluding the Philadelphia metropolitan area), RI, SC, TN and VT, contact Chad Horton, 901-495-8753; Email: chad.horton@autozone.com.
Children of America Educational Childcare & Academy dba Children of America Robin E. Lambro 5300 West Atlantic Avenue, Suite 700 Delray Beach, FL 33484 800-821-0561 Ext. 159, Fax 561-900-0191 Email: rlambro@childrenofamerica.com Web site: www.childrenofamerica.com
Child Care The 47-unit chain operates locations throughout DE, IL, IN, MA, MD, NC, NJ, NY, OH, PA, VA and WI. The child care learning centers occupy spaces of 8,500 sq.ft. to 12,600 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout CT, DE, FL, Chicago, IL; IN, MA, MD, NC, NJ, NY, OH, PA, VA and WI during the coming 18 months. Typical leases run 15 to 20 years. A turnkey or build to suit is preferred. Preferred cotenants include banks, grocery stores and medical offices. Preferred demographics include a population of 30,000 within three miles earning $70,000 as the average household income. Major competitors include Kindercare and The Goddard School. A land area of one to 1.5 acres is required for freestanding locations. The company prefers locations with an average daily traffic count of 15,000 vehicles.
Dealmakers Magazine | www.dealmakers.net
December 7, 2012 | Page 53
lead sheet Goddard Systems, Inc. dba Goddard School Rob Skibjak 1016 West 9th Avenue King of Prussia, PA 19406 610-265-8510 Ext. 401, Fax 610-205-1800 Email: realestate@goddardsystems.com Web site: www.goddardschool.com
Child Care The 390-unit chain operates locations nationwide. The child care learning centers occupy spaces of 8,000 sq.ft. in upscale freestanding locations and endcaps of shopping centers. Plans call for 50 openings throughout the existing market during the coming 18 months. Typical leases run 15 years. The company prefers to locate near elementary schools and medical offices. A land area of one to 1.5 acres is required for freestanding locations. The company requires an outdoor play area and is franchising.
7-Eleven, Inc. dba 7-Eleven Director of Real Estate One Arts Plaza 1722 Routh Street, Suite 1000 Dallas, TX 75201 Web site: www.7-eleven.com
Convenience The 9,400-unit chain operates locations nationwide and in Canada. The convenience stores, with gasoline facilities, occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in freestanding locations, urban areas and endcaps of shopping centers. Growth opportunities are sought throughout Los Angeles, San Diego and the San Francisco bay area of CA; Denver and Colorado Springs, CO; Orlando, Miami and Tampa, in addition to the central and southwestern regions of FL; Chicago, IL; Boston, MA; Baltimore, MD; Detroit, MI; NJ; Las Vegas, NV; metro New York, NY; Portland, OR; Philadelphia, PA; Austin and Dallas/Ft. Worth, TX; Salt Lake City, UT; Hampton Roads, VA and Seattle, WA, as well as in Edmonton, Calgary, Toronto and Vancouver, Canada. The company prefers site submittals via mail.
Flash Foods, Inc. dba Flash Foods Kathy Aldridge PO Box 2149 Waycross, GA 31502 912-285-4011 Ext. 2329, Fax 912-490-1087 Email: kaldridge@flashfoods.com Web site: www.flashfoods.com
Convenience The 172-unit chain operates locations throughout northern FL and GA. The convenience stores, with gasoline facilities, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 30 years.
HJB Convenience Corp. dba Russell’s Convenience Stores Ray Huff 8585 West 14th Avenue, Suite B3 Lakewood, CO 80215 720-881-5900, Fax 303-293-0012 Web site: www.russellsconvenience.com
Convenience The 25-unit chain operates locations throughout CA, CO and HI. The convenience stores occupy spaces of 900 sq.ft. to 1,800 sq.ft. in urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Midway Oil Corp. dba Midway Joe Merone 217 North Main Street Rutland, VT 05701 802-775-5534 Ext. 206, Fax 802-775-5044
Convenience The 18-unit chain operates locations throughout NY and VT. The convenience stores occupy spaces of 2,000 sq.ft. to 3,200 sq.ft. in freestanding locations and tourist centers. Growth opportunities are sought throughout the existing market, in addition to MA and NH during the coming 18 months. Typical leases run 10 years. Preferred demographics include a population of 30,000 within five miles earning $40,000 as the average household income. Major competitors include Citgo and Shell. A land area of up to one acre is required for freestanding locations. The company will consider sites up to 4,000 sq.ft.
Boscov’s Department Stores dba Boscov’s John Hlis 4500 Perkiomen Avenue Reading, PA 19606 610-370-3808, Fax 610-370-3799 Email: jhlis@boscovs.com Web site: www.boscovs.com
Department Store The 42-unit chain operates locations throughout DE, MD, NJ, NY and PA. The department stores, offering gifts, housewares, apparel, toys, jewelry and accessories, occupy spaces of 185,000 sq.ft. in regional malls, lifestyle and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with options. Specific improvements are required. Preferred demographics include a population of 175,000 within 10 miles earning $55,000 as the average household income. A land area of 14 acres is required.
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Dealmakers Magazine | www.dealmakers.net
lead sheet Family Dollar John Romm c/o Commercial West Brokerage 2443 East Coast Highway Corona Del Mar, CA 92625 949-723-7300 Email: jromm@commercialwest.com Web site: www.commercialwest.com
Discount The 7,400-unit chain operates locations nationwide throughout 45 states. The stores, offering discounted general merchandise items, occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in various retail settings. Growth opportunities are sought in densely populated Hispanic neighborhoods throughout Orange County, CA during the coming 18 months, with representation by Commercial West Brokerage.
Primrose Rob Samtmann or Brian Wherty c/o Equity Retail Brokers 101 West Elm Street, Suite 370 Conshohocken, PA 19428 610-645-7700 Ext. 108/122, Fax 610-645-5454 Email: rsamtmann@equityretailbrokers.com Web site: www.equityretailbrokers.com
Educational The 245-unit chain operates locations throughout AL, AZ, CO, FL, GA, IL, IN, KS, MA, MN, NC, NE, NJ, NY, OH, OK, PA, TN, TX and VA. The child care learning centers occupy spaces of 11,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout southern NJ and southeastern PA during the coming 18 months, with representation by Equity Retail Brokers. For more information regarding southern NJ, contact Brian Wherty and for more information regarding southeastern PA, contact Rob Samtmann.
Audio Express Jay Cohen c/o L3 Corp. 12655 Olive Boulevard, Suite 220 St. Louis, MO 63141 314-469-7400, Fax 314-576-9768 Email: jay@l3corp.net Web site: www.l3corp.net
Electronics The 50-unit chain operates locations throughout AZ, CA, CO, IL, MO, NM, NV and TX. The electronics stores occupy spaces of 4,500 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with L3 Corp.
GameStop Sharon Carmichael c/o Terranomics Retail Services 1350 Bayshore Highway, Suite 900 Burlingame, CA 94010 408-200-8811 Email: scarmichael@terranomics.com Web site: www.terranomics.com
Electronics The 6,500-unit chain operates locations nationwide and internationally. The electronics stores occupy spaces of 1,300 sq.ft. to 1,800 sq.ft. in entertainment, lifestyle and power centers. Plans call for three openings throughout San Francisco bay area in CA during the coming 18 months, with representation by Terranomics Retail Services. Typical leases run five years. Preferred cotenants include Target and Walmart.
RadioShack Neil Goldstein c/o The Goldstein Group 45 Eisenhower Drive Paramus, NJ 07652 201-703-9700 Ext. 112, Fax 201-703-9678 Email: ngoldstein@thegoldsteingroup.com Web site: www.thegoldsteingroup.com
Electronics The 7,200-unit chain operates locations nationwide. The electronics stores occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in freestanding locations and strip centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by The Goldstein Group. Preferred cotenants include supermarkets and discount retailers.
Check Into Cash, Inc. dba Check Into Cash Geoffrey Gillespie, Bruce Long and Donald Panunzio 201 Keith Street Southwest, Suite 80 Cleveland, TN 37311 423-473-4376/423-479-2400, Fax 423-473-4331 Web site: www.checkintocash.com
Finance The 1,028-unit chain operates locations throughout the midstates, southern and western regions of the U.S. The stores, offering cash advance services, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in community and neighborhood strip centers. For more information regarding expansion throughout AL, CO, FL, LA, MS, SC, TN, TX and VA, contact Bruce Long. For more information regarding expansion throughout IA, IL, IN, KS, KY, MI, MO, OH, OK and WI, contact Geoffrey Gillespie. For more information regarding expansion throughout AZ, CA, ID, MT, ND, NE, NM, NV, OR, UT, WA and WY, contact Donald Panunzio. The company prefers highly visible locations.
Dealmakers Magazine | www.dealmakers.net
December 7, 2012 | Page 55
lead sheet Mariner Finance Eddie Goldmeier c/o Newmark Grubb Knight Frank 400 East Pratt Street, Suite 710 Baltimore, MD 21202 410-625-4202 Email: egoldmeier@ngkf.com Web site: www.ngkf.com
Finance The 60-unit chain operates locations throughout DE, MD, NJ, NY, PA, TN and VA. The financial service centers occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in various retail settings. Growth opportunities are sought throughout select markets in NJ, NY, PA and VA during the coming 18 months, with representation Newmark Grubb Knight Frank.
Payless ShoeSource Tom Woods or Brian Woods c/o Colliers International 2390 East Camelback Road, Suite 100 Phoenix, AZ 85016 602-222-5031/5026, Fax 602-222-5001 Email: tom.woods@colliers.com Web site: www.colliers.com/phoenix
Shoes The 4,100-unit chain operates locations nationwide. The shoe stores occupy spaces of 2,800 sq.ft. in power centers. Growth opportunities are sought throughout AZ during the coming 18 months, with representation by Colliers International. Preferred cotenants include Super Target and Walmart Supercenter.
Aspen Dental Jeffrey Bruk c/o Boylston Realty Advisors 355 Middlesex Avenue, Suite 7 Wilmington, MA 01887 978-657-4600 Ext. 3131, Fax 978-657-7788 Email: jbruk@boylstonrealty.com
Specialty The 375-unit chain operates locations throughout AZ, CT, FL, IA, IL, IN, KY, MA, ME, MI, NE, NH, NY, OH, OR, PA, RI, SC, TN, VT, WA and WI. The facilities, offering preventative care, general dentistry and restoration services, occupy spaces of 3,200 sq.ft. to 3,600 sq.ft. in freestanding locations and endcaps of shopping centers in regional or super regional trade areas. Growth opportunities are sought throughout MA, ME, NH and RI during the coming 18 months, with representation by Boylston Realty Advisors. The company prefers locations with high visibility, prominent signage, high traffic counts and signalized intersections. A minimum of 40 feet of frontage is required.
Fitness & Wellness Professional Services Brian Tregerman or Joseph Isa c/o Winick Realty Group, LLC 655 Third Avenue, 8th Floor New York, NY 10017 212-792-2632/2647 Emails: brian@winick.com and joseph@winick.com
Specialty The nine-unit chain operates locations throughout NJ. The fitness and wellness centers occupy spaces of 20,000 sq.ft. to 50,000 sq.ft. in urban areas. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Winick Realty Group, LLC.
Sabon NYC dba Sabon Hayley Gold 38 Green Street, Suite 5A New York, NY 10013 212-473-1009 Ext. 16 Email: sabon@sabonnyc.com Web site: www.sabon.com
Specialty The 16-unit chain operates locations throughout Chicago, IL; Long Island and Manhattan, NY. The stores, offering bath and cosmetic products, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in urban areas. Growth opportunities are sought nationwide during the coming 18 months.
Modell’s Sporting Goods Jim DePetris or Josh Hunsberger c/o Legend Properties, Inc. 521 Plymouth Road, Suite 118 Plymouth Meeting, PA 19462 610-941-4034/610-868-6720 Web site: www.lpre.com
Sporting Goods The150-unit chain operates locations throughout the Mid-Atlantic and northeastern region of the U.S. The sporting goods stores occupy spaces of 18,000 sq.ft. to 22,000 sq.ft. in various retail settings. Growth opportunities are sought throughout DE, NJ and PA during the coming 18 months, with representation by Legend Properties, Inc.
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 56 | December 7, 2012
Dealmakers Magazine | www.dealmakers.net
space place Alabama
California
Fairfield – Flintridge Centre, has spaces available. For more information, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: leasing@nassimirealty.com.
California Berkeley – A space of 3,172 sq.ft. is available along Telegraph Avenue. The monthly asking rent is $1.60 psf NNN. Area draws include University of California Berkeley. Oakland – A space of 3,702 sq.ft. along Piedmont Avenue is available. Area retailers include Wells Fargo, CVS, Peet’s Coffee, Fenton’s Ice Creamery, Piedmont Movie Theatre and Piedmont Grocery. Area demographics include a population of 143,844 within three miles earning $91,946 as the average household income. The monthly asking rent is $1.70 psf NNN. For more information, contact Dan Rubenstein, Oakland Pacific Properties, 480 3rd Street, Oakland, CA 94607; 510371-4677, Fax 510-452-3005; Email:
drubenstein@gmail.com; Web www.oaklandpacificprop.com.
California site:
Compton – An endcap and inline space are available at the intersection of Long Beach Boulevard and Rosecrans Avenue. Area demographics include a population of 340,435 within five miles earning $53,499 as the average household income. The asking rent is $2.75 psf monthly. Gardena – A 1,260 sq.ft. former restaurant, and spaces of 2,000 sq.ft. to 4,412 sq.ft. are available along West Rosecrans Avenue, at the intersection of Rosecrans Avenue and Vermont Avenue. Area retailers include Jack in the Box, KFC, Subway, CiCi’s Pizza, 7-Eleven, Vons Market and O’Reilly Auto Parts. Area demographics include a population of 826,362 within five miles earning $55,701 as the average household income. For more information regarding the spaces in Compton, contact Eric Friedland, illi Commercial Real Estate, 17547 Ventura Boulevard, Suite 304, Encino, CA 91316; 818-501-2212, Fax 818-501-2202; Email: eric@illicre.com; Web site: www.illcre.com. For more information regarding the spaces
R E A L
in Gardena, contact Todd Nathanson or Greg Offsay, Emails: todd@illicre.com and greg@illicre.com. Lodi – A 39,920 sq.ft. center located at the intersection of Pioneer Drive and Cherokee Lane, has spaces of 1,440 sq.ft. to 11,227 sq.ft. available. Manteca – Spreckels Park Retail, located along Commerce Avenue, has a 2,800 sq.ft. endcap available. Anchors include Home Depot, Target and Food 4 Less. Adjacent tenants include TJ Maxx, Staples and Sylvan Learning Center. For more information, contact Andy Hodgson or Lisa Hodgson, Colliers International, 209-475-5100, Fax 209-4755102; Emails: andy.hodgson@colliers.com and lisa.hodgson@colliers.com.
Connecticut Bloomfield – Copaco Shopping Center, a 430,000 sq.ft. center located along Cottage Grove Road, has spaces of 1,440 sq.ft. to 21,000 sq.ft. available. Cotenants include Lowe’s Home Improvement, Stop & Shop, (continued on page sixty-two)
E S T A T E
4000 Route 31 • Clay, NY
538 Boston Post Rd • Orange, CT
up to 57,907 SF (will subdivide)
6,032 SF + Outparcel
Scott Milnamow 315-453-2590 • Jim Potocki 315-461-3622 • Kathy Boudreau 315-453-2520 • Dave LaPointe 315-453-2534 www.rf-realestate.com Dealmakers Magazine | www.dealmakers.net
December 7, 2012 | Page 61
space place Connecticut (continued from page sixty-one)
Burlington Coat Factory, CVS, IHOP, McDonald’s, Home Depot and Firestone. Colchester – Colchester Village, a 50,000 sq.ft. development located at the intersection of Route 85 and Route 2, has up to 50,000 sq.ft. of space available to be built with outparcels. East Haven – East Haven Green Center, a 185,000 sq.ft. center located along Frontage Road, has spaces of 2,500 sq.ft. to 12,800 sq.ft. available. Cotenants include Home Depot, AutoZone, Wendy’s and Winners. Area retailers include HomeGoods, Sleepy’s and T.J. Maxx. Wallingford – Staples Plaza, a 97,000 sq.ft. center located along North Colony Road, has spaces of 3,000 sq.ft. to 9,600 sq.ft. available. Cotenants include Staples, Dollar Tree, Goodwill and All Pets Club. Area retailers include Home Depot, Best Buy, Big Y, Michael’s, Burlington Coat and McDonalds. Wethersfield – The Shoppes at Silas Deane, a 30,000 sq.ft. center located along Silas Deane Highway/Route 99, has spaces of 2,000 sq.ft. to 10,000 sq.ft. available. Area retailers include PriceRite, Liberty Bank, Dunkin Donuts, Subway, Ace Hardware, Rite Aid and Ocean State Job Lot.
Connecticut
Connecticut
For more information, contact New England Retail Properties, Inc., 150 Hartford Avenue, Wethersfield, CT 06109; 860-5299000; Web site: www.newenglandretail.com.
include Dunkin Donuts, Capodicci’s Pizzeria & Grill, Lordship Wine & Liquors and Zack’s Yogurt. Area demographics include a population of 184,910 within five miles earning $48,068 as the average household income. For more information, contact Rob Mehlich, Jr., Mehlich Associates, 8 Depot Square, Tuckahoe, NY 10707; 914-7935050; Web site: www.mehlichassoc.com.
Canaan – Stop & Shop Plaza, located at the intersection of Main Street and Railroad Street, has a 3,500 sq.ft. space available. The center is anchored by Super Stop & Shop and Family Dollar. For more information, contact Kelly Voss, Developers Realty Corp., 1224 Mill Street, Building D, Suite 103, East Berlin, CT 06023; 860-561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com. Ellington – Meadowview Plaza, located along Route 83, has a 4,200 sq.ft. anchor space available. Cotenants include Hometown Pizza, Subway, Nail Spa, Ellington Liquor, Swiss Cleaners and First Niagara Bank. Area demographics within five miles include a population of 57,483 earning an average household income of $65,862. Stratford – Merchant’s Walk, located at the intersection of Access Road and Main Street, has a 1,400 sq.ft. space available. Cotenants
NEED
Prime Retail ICSC NYC
40,000 22,000 16,107 15,500 7,500 4,000 2,800
Booth #316
sq. ft. - Route 17, Paramus NJ (div) sq. ft. - McLean Blvd, Paterson NJ sq. ft. - Orange Ave, Suffern NY sq. ft. - Tonnelle Ave, North Bergen, NJ sq. ft. - Summit, NJ (former Bank of America) sq. ft. - Guttenberg NJ (w/drive-thru) sq. ft. - Summit, NJ (former A&P liquors)
LAND/PAD SITES 15,000 sq. ft. - Little Egg Harbor NJ (land) 5,500 sq. ft. - Delran NJ (pad site)
Hackensack Parsippany naihanson.com 350 Offices Worldwide 201 488 5800 Page 62 | December 7, 2012
Vernon – Tri-City Plaza, located along Route 83, has spaces available of 3,750 sq.ft. to 31,024 sq. ft. Cotenants include Price Chopper, T.J. Maxx, Payless, Staples, HomeGoods and Papa Gino’s. Area demographics include a population of 49,366 within three miles earning $87,983 as the average household income. For more information, contact DLC Management Corp., 580 White Plains Road, Tarrytown, NY 10591; 914-631-3131; Web site: www.dlcmgmt.com.
Florida
in NJ?
FEATURED PROPERTIES
New Milford – A land area of two acres is available along Danbury Road. Area demographics include a population of $107,000 within five miles. The average daily traffic count is 30,000 vehicles. For more information, contact Merritt Commercial Realty, 914-763-6850; Email: johncmerritt@gmail.com
Dade County – Coral Way Plaza, located at the intersection of Southwest 87th Avenue and Southwest 24th Street/Coral Way, has a space of 3,150 sq.ft. available. Cotenants include Winn Dixie, Staples, Babies “R” Us and GameStop. Also – Flagler Park Plaza, located at the intersection of Northwest 82nd Avenue and West Flagler Street, has a space of 1,000 sq.ft. and 2,110 sq.ft. available, as well as two spaces of 2,000 sq.ft. Cotenants include Publix, Walgreens, Office Depot, Michael’s, Big Lots, PetSmart and Buy Buy Baby. Also, Park Hill Plaza, located at the intersection of Southwest 97th Avenue and West Flagler Street, has a space of 2,500 sq.ft. and two spaces of 1,600 sq.ft. available. Cotenants include Winn Dixie, Dollar Tree, Aaron’s and Chase Bank. Deerfield Beach – Deerfield Commons, located at the intersection of Hillsboro Boulevard and Powerline Road, has a space of 1,995 sq.ft. available. Cotenants include Great Florida Bank and T-Mobile. Miami – Kendall Square, located along North Kendall Drive, has spaces available of 2,400 sq.ft. (continued on page sixty-four)
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Owning and Operating Grocery Anchored Retail Centers Nationwide since 1979
SELL US YOUR SHOPPING CENTER Over $200 million in new acquisitions since 2010: HARMONY MARKETPLACE
TIFFANY PLAZA
MARKETPLACE AT AUSTIN BLUFFS
$58M. 350,571 square foot King Soopers’ and Home Depot anchored center.
$47M. 214,411 square foot Whole Foods and 24 Hour Fitness anchored center.
$33M. 226,626 square foot King Soopers’ and 24 Hour Fitness anchored center.
FORT COLLINS, CO
Acquisitions:
Jake Bisenius JBisenius@AmCap.com 203-327-2001
DENVER, CO
Corporate Headquarters: 1281 East Main Street Stamford, CT 06902 203-327-2001
www.AmCap.com
COLORADO SPRINGS, CO
Denver Regional Office: 44 Cook Street #710 Denver, CO 80206 303-321-1500
space place Florida (continued from page sixty-two)
and 3,240 sq.ft. Cotenants include Papa John’s and Dunkin Donuts. The average daily traffic count is 95,000 vehicles. Miami – Florida International Plaza, located at the intersection of Southwest 8th Street and 107th Avenue, has space available. Cotenants include Office Depot, 7-Eleven, Bank Atlantic, KFC and Burger King. Area draws include Florida International University. Area demographics include a population of 401,494 within five miles earning $58,062 as the median household income.
Florida
Florida
For more information regarding Coral Way Plaza, Park Hill Plaza, Flagler Park Plaza or Kendall Square, contact Michael Behar, Behar Real Estate Group, Inc., 18321 West Dixie Highway, Suite 204, Miami, FL 33160; 305933-0614, Fax 305-933-0615; Email: michael@beharrealestategroup.com; Web site: www.beharrealestategroup.com. For more information, regarding Florida International Plaza or Deerfield Commons, contact David Behar, Email: david@beharrealestategroup.com.
Largo – Wal-Mart Plaza, located at the intersection of Missouri Avenue and Rosery Road, has a divisible space of 101,900 sq.ft. available, as well as spaces of 1,200 sq.ft., 1,500 sq.ft. and 5,550 sq.ft. available. Cotenants include Aldi, Dollar Tree, Buddy’s Home Furnishings and Vo Nails. The average daily traffic count is 34,000 vehicles. Tampa - Carrollwood Commons, located at the intersection of North Dale Mabry Highway and Ehrlich Road, has anchor, junior anchor, outparcels and small shop spaces available. Cotenants include Ross Dress for Less, DSW, American Signature, GNC, Applebee’s, Payless ShoeSource, Macaroni Grill, Dollar Tree and Great Clips. The average daily traffic count is 91,500 vehicles. Area demographics include a population of 207,770 within five miles earning $66,970 as the average household income. For more information, contact Brian Bern or Ryan Derriman, Franklin Street Real Estate; 500 North Westshore Boulevard, Suite 750, Tampa, FL 33609; 813-839-7300, Fax 813-839-7330; Emails: brian.bern@fsfp.com and ryan.derriman@fsfp.com; Web site: www.fsfp.com.
Come visit at the New us York ICSC Show Booth # 1 26 Rhineland er Gallery
What Do You Want from Your Real Estate Resource? Pliskin Realty & Development, Inc. knows and has been delivering it for over two decades. Whether you are a property owner, investor, REIT or retailer, you want and need:
Knowledge. Service. Integrity. For Pliskin clients, benefiting from the firm’s in-depth market knowledge, Best in Class service and inherent integrity is a given whether receiving Pliskin’s: • Retail Real Estate Brokerage • Retail and Multi-Family Property Management • Retail Property Development
Get what you want and need from Pliskin. Pliskin Realty & Development, Inc. 591 Stewart Avenue, Suite 100 • Garden City, NY 11530 (516) 997-0100 • www.pliskinrealty.com
Loxahatchee – Grove Market Shopping Center, located along Seminole Pratt Whitney Road, has spaces of 1,037 sq.ft., 1,200 sq.ft., 2,400 sq.ft. and 50,983 sq.ft. available. Perry – Taylor Square, a 107,560 sq.ft. shopping center located along South Byron Butler Parkway, has a 35,840 sq.ft. anchor space available. For more information regarding Grove Market Shopping Center, contact Ashley Thornburg, Crossman & Co., 3333 South Orange Avenue, Orlando, FL 32806; 305726-8431; Email: athornburg@crossmanco.com. For more information regarding Taylor Square, contact Sherri Mann, 404-514-3517; Email: smann@crossmanco.com. Miami – A strip center along Biscayne Boulevard has a 1,418 sq.ft. space available. Cotenants include CosMedic Center and Vintage Revenge. Area demographics include a population of 507,418 within five miles earning an average household income of $55,898. Pembroke Pines – Pines Crossings, located at the intersection of Pines Boulevard and 184th Avenue, has various parcels available. Area demographics within five miles include a population of 150,293 earning an average household income of $103,749. For more information regarding the Miami site, contact Alexander Espinola, (continued on page sixty-six)
Page 64 | December 7, 2012
Dealmakers Magazine | www.dealmakers.net
space place Florida (continued from page sixty-four)
Investment Management Associates, Inc., 1575 San Ignacio Avenue, Suite 400, Coral Gables, FL 33146; 305-661-0110, Fax 305661-7803; Email:aespinola@ima-realestate.com; Web site: www.ima-realestate.com. For more information on the Pembroke Pines site, contact Daniel Baumgard, Email:dbaumgard@ima-realestate.com. Sanford – Space is available at a strip center located at the intersection of Highway 17-92 and County Home Road. Cotenants include Family Dollar and Just Brakes. Area draws include Seminole State College. For more information, contact Lisa Rapp, CSC Properties, LLC, 4592 Ulmerton Road, Suite 100, Clearwater, FL 33762; 727-446-3444, Fax 727-346-1253; Email: lisa@cscproperties.com. Sunrise – CVS Plaza, located at the intersection of West Oakland Park Boulevard and Hiatus Road, has spaces available from 1,211 sq.ft. to 1,629 sq.ft. Cotenants include Dunkin Donuts, UPS Store, Dairy Queen and Hair Cuttery.
Page 66 | December 7, 2012
Florida
Illinois
For more information, contact Steve Miller, The Rotella Group, Inc., 3300 North Federal Highway, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Email: steve@rotellagroup.com; Web site: www.rotellagroup.com.
the intersection of Army Trail Road and Springfield Drive, has spaces of 840 sq.ft., 1,130 sq.ft. and 2,672 sq.ft. available. Cotenants include Kinko’s, H&R Block, TN Nails, Huntington Learning Center, Sushi Bar, Inches-A-Weigh, Lou Malnati’s Pizzeria, State Farm, The Men’s Wearhouse and For Eyes Optical. Area demographics include a population of 260,696 within five miles earning $74,963 as the median household income. Round Lake Beach – A 19,200 sq.ft. center located at the intersection of Route 83 and Monaville Road, has a space of 3,600 sq.ft. available. Cotenants include Rufino’s Pizzeria, Silver Oaks Cleaners, Fantastic Sam’s, Pink Nail Salon and Cardinal Fitness Center. Area demographics include a population of 149,569 within a five mile radius earning $80,224 as the median household income. For more information, contact David Strusiner, Craig/Steven Development Corp., 401 Huehl Road, Suite 1-A Northbrook, IL 60062; 847-564-5740, Fax 847-564-5635; Web site: www.craigsteven.com.
Illinois Batavia – A 42,500 sq.ft. building, situated on 2.81 acres, is available along Randall Road. Nearby tenants include Target, Kohl’s, Buy Buy Baby and Xsport Fitness. The average daily traffic count is 32,900 vehicles. Area demographics include a population of 120,813 within five miles earning $102,329 as the average household income. For more information, contact Michael Havdala or Brenton Schrader, HSA Commercial, 233 South Wacker Drive, Suite 350, Chicago, IL 60606; 312-458-4318/4392; Emails: mhavdala@hsacommercial.com and bschrader@hsacommercial.com; Web site: www.hsacommercial.com. Bloomingdale – Courtyard at Stratford, a 41,260 sq.ft. shopping center, located at
(continued on page sixty-eight)
Dealmakers Magazine | www.dealmakers.net
Built for Speed. Nobody beats Milbrook Properties for delivering fast, flexible retail leases that meet tenants’ needs. RETAIL AVAILABILITIES FLORIDA Flamingo Market Place | Pembroke Pines Bravo, 21st Century Oncology, Pizza Hut 1200 SF – 10,000 SF Can assemble up to 35,000 SF FMS Corners | Pembroke Pines Subway, Hear X, Asian Buffet 1350 SF – 5115 SF Hollywood Palms | Hollywood Publix, Walgreens, Dade Medical 1652 SF – 3850 SF Shoppes at Margate | Margate Okey-Dokey Supermarket, Advance America, Dollar Tree 1500 SF – 10,000 SF Shoppes at Pembroke | Pembroke Pines Michaels, Weight Watchers, Allstate 1300 SF – 2250 SF NEW JERSEY Aviation Marketplace | Linden Target, Home Depot, ShopRite, AMC Theatres 9000 SF Edison Plaza | Edison ShopRite, Party Fair, Capital One Bank 3000 SF End Cap Princeton Meadows | Plainsboro Asian Food Market, Subway 4000 SF
Bay Shore Commons | Bay Shore Stop & Shop, Rent-A-Center, Retro Fitness 1450 SF – 10,000 SF End Cap Bethpage Commons | Bethpage DMV, ProHealth Assoc., Dunkin’ Donuts 5750 SF – 10,000 SF Bi-County Commons | East Farmingdale Meat Farms, Retro Fitness, Bethpage Federal Credit Union 4250 SF Bohemia Commons | Bohemia AutoZone, Lucille Roberts, CVS 800 SF – 1200 SF 26,000 SF Supermarket with equipment Cherry Valley Corners | West Hempstead Pet Supplies Plus, Payless Shoes, GameStop 10,000 SF Huntington Crossroads | Huntington Station H&R Block, Domino’s Pizza, Subway 1200 SF Kenmor Plaza | Seaford The Dollar Store, Flynn & O’Hara Uniforms, Pantano’s Lake Shore Plaza | Lake Ronkonkoma Chase Bank, Pet Supplies Plus 1124 SF – 47,500 SF Supermarket Anchor Nanuet Mall South | Nanuet Premier Fitness, Jenny Craig, Quest 2500 SF NY Avenue Stores | Huntington Station AutoZone, Carvel, Pharmacy
NEW YORK
Spring Valley Marketplace | Spring Valley Michaels, Bed Bath & Beyond, Christmas Tree Shops 10,500 SF
Adams Commerce Plaza | Hauppauge Dunkin’ Donuts, The Grill Room, Blimpie 1200 SF
Tali Plaza of Nyack | Nyack Riverspace Theater, Subway, H&R Block 1339 SF – 4739 SF
Baldwin Square | Baldwin Best Buy, Applebee’s, CVS 800 SF
Waverly Corners | Holtsville Deli, Tanning, Pizza 900 SF – 2200 SF End Cap Redevelopment Available
Royal Plaza | East Windsor City Streets Café, Citi Financial, Allstate
NYC | Various opportunities in all boroughs
Contact us today to set up an appointment or visit us at 112 Rhinelander Gallery to meet with a leasing representative at the ICSC NY National Conference. For more information, please contact: Charles Hirsch | chirsch@milbrookproperties.com Tom LiPuma | tjlipuma@milbrookproperties.com Rubin Pikus | rpikus@milbrookproperties.com 42 Bayview Avenue | Manhasset, NY 11030 | T 516.869.1240 F 516.869.8576 | www.milbrookproperties.com
space place Illinois (continued from page sixty-six)
Blue Island – A 42,000 sq.ft. former grocery store is available at the intersection of 127th Street and Vincennes Road. Area demographics include a population of 143,536 within three miles. Orland Park – Park Hill Plaza, located at the intersection of 159th Street and Park Hill Drive, has space available. Cotenants include Walmart, Jewel-Osco, The Sports Authority and PetSmart. Area demographics include a trade-area population within three miles earning
Illinois
Illinois
$91,226 as the average household income. The average daily traffic count is 38,400 vehicles. Naperville – Pebblewood Plaza, located at the intersection of Route 59 and McDowell Road, has space available. Area demographics include a population of 66,856 within three miles. The average daily traffic count is 47,200 vehicles. For more information, contact Mike Streit or Andy Robbins, ARCORE Real Estate Group, 2803 Butterfield Road, Suite 310, Oak Brook, IL 60523; 630-908-
5702/5707; Emails: mstreit@arcoregrp.com and arobbins@arcoregrp.com; Web site: www.arcoregrp.com.
Are you looking to jump off your plAtform?… Were the strAtegic solutions WAtered doWn?… is your pArAdigm shifting into reverse?… did All the sizzle turn to fizzle?… Choosing the right real estate company to represent your best interests can be challenging. Finding stability in a rapidly changing economy is important in a business relationship. The Sutton Companies were founded in 1933 and have since maintained their reputation as one of the most successful commercial real estate firms serving the Upstate New York region. Our longevity is based on the commitment and consistent service provided to all our clients over the years. Sutton’s hardworking and dedicated brokers perform at top level whether companies are local, regional or national in scope. The Sutton Companies provides clients hands-on expertise in these areas of specialization: Apartment Sales & Management • Commercial Real Estate Brokerage Excess Asset Dispositions • Exclusive Client Representation • Investment Sales Project Development • Property Management • Real Estate Consulting Receivership Services • Retail Site Selection • Self Storage Leasing & Management
If you’re a retailer or plaza owner seeking new representation, Then consider doing your deals with The Sutton Companies. When it comes to retail real estate, we have you in our sites! Sutton Real Estate Company, LLC 525 Plum Street, Suite 100 Syracuse, NY 13204 Phone 315.424.1111 | Fax 315.424.1383 www.suttoncos.com Page 68 | December 7, 2012
Chicago – A 2,888 sq.ft. storefront is available along East Lake Street. Adjoining retailers include Beck’s Book Store and 7-Eleven. Area demographics include a population of 64,884 within one mile earning an average household income of $112,985. For more information, contact Sara Chaiken, Next Realty, LLC., 400 Skokie Boulevard, Suite 800, Northbrook, IL 60062, 847-881-2008, Fax 847-881-2200; Email: schaiken@nextrealty.com. Chicago – Presidential Towers, located along West Madison Street, has up to 10,000 sq.ft. of space available. Area retailers include CVS, McDonalds, Walmart, Chase Bank, Subway and Sprint. Area demographics include a population of 42,730 within one mile earning $108,288 as the average household income. Frankfort – Frankfort Town Center, located at the intersection of LaGrange Road and Colorado, has a 2,100 sq.ft. inline space available, as well as a 6,000 sq.ft. former Blockbuster Video. Walt’s Food Center anchors the center. Area demographics include a population of 226,248 within seven miles earning $96,798 as the average household income. Area retailers include Curves, Subway, H&R Block and Starbucks. For more information regarding Presidential Towers, contact James Schutter or Terry Alexa, Newmark Grubb Knight Frank, 500 West Monroe Street, Suite 2900, Chicago, IL 60661; 312-224-3210/3103; Emails: jschutter@ngkf.com and talexa@ngkf.com. For more information regarding Frankfort Town Center, contact Luke Sementa or James Schutter, 312-224-3974; Email: lsementa@ngkf.com. Chicago – Clybourn Corridor, located at the intersection of North Clybourn Avenue and North Ashland Avenue, has a space of 1,800 sq.ft. sq.ft. available. Area retailers include Five Guys Famous Burgers Fries, Pier 1 Imports, Barnes & Noble, Starbucks and Pottery Barn Kids. Area demographics include a population of 515,442 within three miles earning earning $104,567 as the average household income. For more information, contact Kristin (continued on page seventy-two)
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Experience. Strength. Stability.
Streets of St. Charles, Metro St. Louis, MO
Retail
Quincy Mall, Quincy, IL
Grand Prairie Developments, Peoria, IL
For more than 20 years, Cullinan Properties, Ltd. has been one of the premiere providers of commercial and mixed-use real estate services. We’ve built our reputation building strong relationships and successful projects, and although the market has changed our commitment to excellence remains the same.
Office Medical Mixed-Use Multi Family
At Cullinan we turn real estate into reality with more than $600 million in successful real estate projects completed to date.
BUILD ON OUR EXPERIENCE and REPUTATION
East Peoria Downtown, East Peoria, IL
LEASING UNDERWAY!!
VISIT US IN BRIDGES BAR AT ICSC NEW YORK EMAIL leasinginfo@cullprop.com
FOR MORE INFORMATION VISIT w w w. E a s t Pe o r i a D o w n t o w n . c o m
309.999.1700 CHICAGO, IL | PEORIA, IL | ST. LOUIS, MO
www.cullinanproperties.com
Turning real estate ideas into reality.
icsc new york national conference exhibitors floor plan
new york hilton
rhinelander gallery
sheraton new york
stay up-to-date with the dealmakers at our blog | dlmkrs.com
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east promenade
Important Dates and Times Monday, December 3 On-Site Registration/Badge Pick-up 7:00am - 7:00pm Deal Making 9:00am - 5:30pm Retail Runway 10:30am - 11:45am Industry Update w/ Michael P. Kercheval 12:45pm - 1:15pm Member-Sponsored Cocktail Reception 5:30pm - 7:00pm
Tuesday, December 4 On-Site Registration/Badge Pick-up 8:00am - 4:00pm Deal Making 8:30am - 4:00pm
twitter.com/dealmakersmag | facebook.com/thedealmakers
space place Illinois
Illinois
Joliet – Marycrest Shopping Center, a 130,027 Martin, Acadia Realty Trust, 1311 sq.ft. center located along Jefferson Street, Mamaroneck Avenue, Suite 260, White has spaces available of 435 sq.ft. to 13,200 Plains, NY 10605; 800-227-5570; Email: sq.ft. Cotenants include Rent-A-Center and kmartin@acadiarealty.com. Golden Corral. Area demographics within five miles include a population of 168,861 Hillside – Hillside Town Center, a 165,000 earning $67,108 as the average household sq.ft. center has spaces of 3,600 sq.ft. to income. Mattoon – Mattoon Marketplace, 7,600 sq.ft. available. located at the intersection of State Road 16 For more information, contact Cole Real and Interstate 57, has shop spaces of 2,745 Estate Investments, 2325 East Camelback sq.ft. to 4,000 sq.ft. available. Cotenants Road, Suite 1100, Phoenix, AZ11/8/12 85016;9:35 877-AM include DMM_DM_Half Ad_Dec'12_1.0 Page 1 PetSmart, Hibbett Sporting Goods, 800-2653; Web site: www.colecapital.com. Dollar Tree and Buffalo Wild Wings. Area
(continued from page sixty-eight)
Do you know where I can quickly access details on all the major shopping centers in the US and Canada?
That’s easy! Check out ShoppingCenters.com.
SPECIAL DISCOUNT OFFER TO ICSC ATTENDEES. PROMO CODE I-2012
DMM ONLINE CUSTOM DATA PRODUCTS DATA LICENSING
Why spend hours stitching together data from individual mall websites or “freebie” info compilers with incomplete and outdated data, when instead you can work with accurate and comprehensive information with just a couple of clicks of the mouse or turns of the page? Start a FREE Trial account Today @ www.shoppingcenters.com/dm-dec Scan the QR Code! Call us toll-free at 1-800-898-MALL
Over 7,600+ listings (200K+ sq ft) covering the spectrum of center types including: enclosed malls, open-air community, power centers, value-retail centers, as well as lifestyle, specialty and mixed-use projects of any size in the U.S. and Canada! Page 72 | December 7, 2012
Illinois retailers include Sears and JC Penney. Area demographics include a population of 85,609 within 20 miles earning $53,353 as the average household income. For more information regarding the Joliet site, contact Barb Kading or Sarah Drumgould, Mid-America Asset Management, Inc., 1 Parkview Plaza, 9th Floor, Oakbrook Terrace, IL 60181; 630-954-7348/7290, Fax 630954-7306; Emails: bkading@midamericagrp.com and sdrumgold@midamericagrp.com. For more information regarding the Mattoon site, contact Katie Hennegan, 630-954-7233, Fax 630-954-7396; Email: khennegan@midamericagrp.com. Shorewood – Apple Tree Plaza, located along West Jefferson Street, has spaces available from 1,238 sq.ft. to 1,375 sq.ft. Cotenants include Subway, Dairy Queen, Diva Salon and Spa and Rosati’s. Area demographics include a population of 136,401 within five miles earning $88,154 as the average household income. The average daily traffic count is 23,700 vehicles. For more information, contact Steve Caton or Christina Kitchel, Caton Commercial Real Estate Group, 16106 Route 59, Unit 100, Plainfield, IL 60586; 815-954-5300/312-5451035; Emails: steve@catoncommercial.com and christina@catoncommercial.com; Web site: www.catoncommercial.com. Wheaton – A 1,257 sq.ft. space is available at the intersection of Roosevelt Road and President Street. Cotenants include Jet’s Pizza and Dunkin Donuts. The average daily traffic count is 51,400 vehicles. Area demographics include a population of 232,096 within five miles earning $103,841 as the average household income. For more information, contact Mike Mallon, Mallon and Associates, Inc., 1755 South Naperville Road, #100, Wheaton, IL 60189; 630-510-3225; Email: mike.mallon@malloninc.com; Web site: www.malloninc.com.
Indiana New Haven – Lincoln Plaza, located along Lincoln Highway West, has spaces available of 900 sq.ft. to 7,020 sq.ft. Cotenants include Kroger, Radio Shack and Great Clips. Area demographics include a population of 110,789 within five miles earning an average household income of $50,590. For more information, contact Eric Koche, Brixmor, 22054 Farmington Road, Farmington, MI 48336; 248-442-5929; Email: eric.koche@brixmor.com. (continued on page seventy-four)
Dealmakers Magazine | www.dealmakers.net
Vanguard knows New Jersey
Be a part of the Children’s Enrichment Plaza in Florham Park, NJ Florham Village in Florham Park, NJ is launching a unique Child Enrichment Plaza at below market rents. Spaces are available from as small as 1,500 sq. ft. to as large as 20,000 sq. ft.
We are seeking child related businesses that will benefit from the synergy of similar business drawing the same customer base. Looking for karate school, toy store, child care, children’s clothing, tutoring, music/dance school, play centers, party centers and any other child related business. This is a very special opportunity and space will not last long!
Other featured listings in New Jersey: Florham Park: Livingston: Livingston: Millburn: Montclair: Oakland: Riverdale: Sparta: Wayne: West Caldwell:
Florham Village Towne Center– 1,237 sq. ft. & 2,881 sq. ft. join Panera & CVS Bottle King Plaza — 19 South Livingston Ave. 1,380 sq. ft. up to 2,505 sq. ft. Firehouse Commons — 8,500 sq. ft. divisible– join Walgreens 6,000 sq. ft. in the central business district with parking 3,000 sq. ft. to 6,000 sq. ft. — join Urban Outfitters and Anthropologie Copper Tree Mall — 1,100 sq. ft., 1,450 sq. ft, 8,000 sq. ft. & 14,000 sq. ft Riverdale Square — 1,500 sq. ft., 2,000 sq. ft., 6,000 sq. ft. & 15,000 sq. ft. Freestanding 2,500 sq. ft. — sale or lease West Belt Plaza 4,400 sq. ft. End Cap and Pad Site up to 7,000 sq. ft. West Caldwell Plaza 4,941 sq. ft.— will divide
Please join us at the 2012 ICSC National Conference Booth #191, Rhinelander Gallery, New York Hilton
Neal J. Richards, Vice President Vanguard Realty, Inc. Kruvant, President 195 Columbia Turnpike, Suite 100 Fredric Vanguard Realty, Inc. (973) 443-9700 Vanguard Tenant Services nrichards@vanguardsite.com Vanguard Property Management www.vanguardsite.com
space place Kentucky (continued from page seventy-two)
Florence – Florence Square, a 393,368 sq.ft. center located along Mall Road, has spaces available of 932 sq.ft. to 38,558 sq.ft. available. Cotenants include Kroger, Catherine’s, Hallmark, David’s Bridal, Old Navy, Justice, Ulta, Barnes & Noble, Shoe Carnival, Staples, GameStop, Subway, Pearle Vision, Taco Bell, Mattress Firm and Cold Stone Creamery. Area demographics include a population of 122,542 within five miles earning $72,233 as the average household income. Also – Florence Plaza, a 170,419 sq.ft. center located along Connector Drive, has a space of 1,200 sq.ft. and 5,000 sq.ft. available. Cotenants include Lumber Liquidators, Harbor Freight Tools, Spa Nails, Tuesday Morning, Ollie’s Bargain Outlet, Bella Salon and Jenny Craig. Area demographics include a population of 121,896 within five miles earning $72,408 as the average household income. For more information, contact Tony Michalak, Brixmor, 953 Hempstead Road, Cincinnati, OH 45231; 513-728-6624; Email: tony.michalak@brixmor.com; Web site: www.brixmor.com. Hopkinsville – Park Plaza, has spaces available. For more information, contact Nassimi Realty, LLC, 370 Seventh Avenue,
Kentucky
Maryland
Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: leasing@nassimirealty.com.
For more information, contact Keith T. Barnett, KLNB Retail, 324 Datura Street, Suite 102, West Palm Beach, FL 33401; 443632-2047; Email: kbarnett@klnb.com.
Maryland Ellicott City – Enchanted Forest Shopping Center, located along Route 40, has spaces available of 3,582 sq.ft., 3,650 sq.ft. and 4,365 sq.ft. Cotenants include H&R Block, Hair Cuttery, Weight Watchers, Petco and Safeway. Area demographics within five miles include a population of 128,102 earning $122,436 as the average household income. Pikesville – Centre Court, located along Old Court Road, has spaces available of 600 sq.ft., 1,258 sq.ft. and 1,309 sq.ft. Area demographics within five miles include a population of 259,921 earning $ 79,244 as the average household income. For more information, contact Scotty Sellman, Kimco Realty, 1954 Greenspring Drive, Suite 330, Lutherville, MD 21093; 410-427-4416; Email: ssellman@kimcorealty.com. Glen Burnie – Ordnance Plaza, located along East Ordnance Road, has spaces available of 1,750 sq.ft. and 2,450 sq.ft. Cotenants include McDonald’s, Staples, Home Depot, Party City, PetSmart, Planet Fitness, Costco and Sears.
Hampstead – A 7,676 sq.ft. freestanding building located along North Woods Trail is available. Adjacent retailers include Weis Markets, McDonald’s and Pizza Hut. The average daily traffic count is 13,112 vehicles. Area demographics include within five miles a population of 23,603 earning $101,227 as the average household income. For more information, contact Ryan Myers, LMS Commercial, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601; 717-569-9373, Fax 717-560-9909; Email: rmyers@lms-pma.com. Randallstown – Brenbrook Plaza, a strip center located at the intersection of Liberty Road and Brenbrook Road, has a pad site available. The center is anchored by Home Depot with Domino’s, Citi Financial and Edible Arrangements as cotenants. The average daily traffic count is 32,125 vehicles. Area demographics include a population of 184,700 within five miles earning $73,812 as the average household income. (continued on page seventy-six)
376 Danbury roaD / rT 7 new MilforD, CT
A Full Service Real Estate Organization Specializing in Retail Tenant Representation and Development Servicing the Northeastern United States Including New England, Vermont, New York, New Jersey, Massachussetts and Pennsylvania.
Please Visit Us At The NYC ICSC We Will Be Located At The New York Hilton America Hall II Booth #466 Kenneth Brownell • Barry Feinman Paul Bulmer • Steven Lerner • Christopher Farrell
www.vanguardfine.com 1529 Western Ave, Suite #102 | Albany, New York 12203 518-862-0861 Page 74 | December 7, 2012
PriMe rT. 7 SignalizeD Corner available for leaSe
• available for lease: 2 acres (subdividable)
• Average daily traffic count +/- 30,000 vehicles
• Zone: (I/C)
• Ideal for restaurant, bank or other high traffic retail use.
• Highly visible retail site at traffic light, next to New Milford High School.
• Average HH Income over $107K within 5 miles
For more information, contact Exclusives Broker: John Merritt South Salem, New York 914.763.6850 • johncmerritt@gmail.com
Dealmakers Magazine | www.dealmakers.net
Retail Specialists unique
real
estate
NY, NJ & CT
solutions
• Airmont/Suffern, NY – Route 59 – Airmont Shopping Plaza 20,000 – 40,000 SF Avail. Shopping Center Redevelopment.
• Thornwood, NY – Columbus Avenue – Rose Hill Shopping Center 1,500 SF Avail. Join A&P, CVS, Chase & Radio Shack.
• Harriman, NY – Route 6 & Route 17-32 – Woodbury Centre 1,440 – 38,000 SF Avail. Join Kohl’s, Staples, Michael’s and Modell’s.
• West Haverstraw, NY – Route 9W – Samsondale Plaza 1,100 – 20,000 SF Avail. Join Stop & Shop, Advance Auto Parts, Mandee & Dollar Tree.
• Katonah, NY – Katonah Avenue – Katonah Shopping Center 1,200 – 1,500 SF Avail (can be combined). Join Wells Fargo, USPS and Tengda.
• Vails Gate, NY – Route 32 – Big V Town Center 2,000 – 7,000 SF Avail. Join Shop Rite & K-Mart.
• Kingston, NY – Ulster Avenue (Route 9W) 2 Free Standing Pad Sites with Drive-Thru. Up to 15,000 SF Avail. • Kingston, NY – Route 9W - Dena Marie Plaza 8,000 SF end cap and pad site available. Join Kohl’s, Planet Fitness, Famous Footwear, Party City, Texas Roadhouse & Five Below • Lagrangeville, NY – Route 82 – LaGrange Commons 1,500 – 4,800 SF & up to 3,500 SF Pad Avail. Join A&P. • Monroe, NY – Route 17M – Monroe Plaza 2,500 – 50,625 SF Avail. Join Stop & Shop & McDonald’s. • Mt. Ivy, NY – Route 202 & Palisades Pkwy. – The Shoppes at Mt. Ivy Join Walmart Supercenter. New Development. • Newburgh, NY – Route 300 – Newburgh Towne Center 3,023 SF Avail. Join Stop & Shop, Marshall’s, Dollar Tree, Dress Barn, GameStop, Hallmark & AT&T. • Patterson, NY – Route 22 – Patterson Commons Shopping Center 1,250 SF & Pad Avail. Join A&P, Dollar Tree, Verizon & Dunkin’ Donuts. • Poughkeepsie, NY – Route 9 – South Road Square 2,425 SF Avail. Join Auto Zone, AT&T, GameStop & Subway.
• Derby, CT – Pershing Drive – ShopRite Shopping Center 3,800 – 10,000 SF Avail. Join ShopRite, Petland & Pay-Half. • Monroe, CT – Main Street – Clock Tower Square 1,200 – 5,300 SF & Up to 4 acres Avail. Join FoodWorks, Newtown Bank & Tutor Time. • Newington, CT – Berlin Turnpike – JoAnn’s Plaza 1,500 SF Avail. Join JoAnn’s, Big Lots, Modell’s & Planet Fitness. • Norwalk, CT – Route 1 – ShopRite Shopping Center 20,000 SF Avail. Join ShopRite, Barnes & Noble & GameStop. • Norwalk, CT –Main Avenue (Route 7) – Walmart Center 1,200 & 2,640 SF Avail. Join Walmart, Staples, Panera Bread & Aspen Dental. • Orange, CT – 150 Boston Post Road 4,500 SF End Cap Avail. Join Auto Zone & Harbor Freight Tools. • Orange, CT – 250 Indian River Road 19,000 SF Free Standing Bldg. 21 Ft. Ceiling & 92 Parking Spaces. • Stamford, CT – Route 1 – ShopRite Plaza 2,073 SF Avail. Join ShopRite, Dunkin’ Donuts, Subway, Angel Tips & Carvel.
RepResenting RetaileRs in select Regions...
850 Bronx River Road • Bronxville, NY 10708 • (t) 914-237-3403 • (f) 914-237-0196
www.RoyalPropertiesInc.com
space place Maryland (continued from page seventy-four)
For more information, contact Thomas G. Mirandi, RD Management, LLC., 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212265-8250; Email: tmirandi@rdmanagement.com.
Massachusetts Brookline – A 900 sq.ft. former restaurant space is available along Harvard Street. Area retailers include Starbucks, Sovereign Bank, Brookline Bank, Beacon Hill
Massachusetts
Massachusetts
Athletic Club, Boston Interiors and Village Smokehouse. For more information, contact Jim Conviser, Conviser Property Group, 781-320-0600 Ext. 3; Email: jim@conviserpg.com.
G. Mirandi, RD Management, LLC., 810 Seventh Avenue, 10th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Email: tmirandi@rdmanagement.com.
Lowell – Meadow Brook Center, located at the intersection of Lowell Connector and Plain Street, has spaces available of 2,544 sq.ft. and 3,530 sq.ft. Target, Marshall’s and Best Fitness serve as anchors. The average daily traffic count is 40,000 vehicles. For more information, contact Thomas
call the broker that has leased
6 Million plus sq.Ft.
of retail space in south Florida
Wilmington – The Shops at Saugus, a 97,404 sq.ft. strip center situated on 10 acres and located at the intersection of Route 1 and Walnut Street, has a 4,900 sq.ft. space available. Cotenants include Trader Joe’s, PetSmart, La-Z-Boy, Starbucks, GNC, Supercuts, Border Café, Liberty Travel, Portrait Innovations, Massage Envy, European Wax Center and Solar Eclipse Tanning. Area retailers include Sears, Kohl’s, Petco, Bed Bath & Beyond, Best Buy, T.J. Maxx, Kmart, Marshalls, Jo-Ann Fabrics, Target and Ethan Allen. Area demographics include a population of 129,114 within five miles earning $81,878 as the average household income. The average daily traffic count is 104,600 vehicles. The asking rent is $28 psf with CAM of $4.62 and taxes of $4.10. For more information, contact Jeff Bruk, Boylston Realty Advisors, 355 Middlesex Avenue, Suite 7, Wilmington, MA 01887; 978-657-4600 Ext. 3131; Email: jbruk@boylstonrealty.com.
Michigan
hunter commercial achieves 100% occupancy Quick Lease Up • Professional 25 Years Experience • Industry Leader Property Management Services hunter real estate brokerage, Inc. For Leasing Information, Contact:
Katy Welsh 561.213.8566 www.HunterCommlRealEstate.com Page 76 | December 7, 2012
Allen Park – Fairlane Green, a 270,000 sq.ft. center has spaces available from 1,275 sq.ft. to 2,600 sq.ft. Chesterfield – Waterside Marketplace, a 348,000 sq.ft. center has spaces of 3,400 sq.ft. to 13,000 sq.ft. available. Monroe – Telegraph Plaza, a 142,000 sq.ft. center has spaces available from 1,600 sq.ft. to 10,650 sq.ft. Richmond – White Oak Village, a 433,500 sq.ft. center has spaces of 1,100 sq.ft. to 14,500 sq.ft. available. Winchester – Winchester Station, a 183,000 sq.ft. center has spaces available of 1,340 sq.ft. to 1,700 sq.ft. For more information, contact Cole Real Estate Investments, 2325 East Camelback Road, Suite 1100, Phoenix, AZ 85016; 877800-2653; Web site: www.colecapital.com. Fenton – Silver Pointe, an 86,141 sq.ft. neighborhood shopping center, located along Silver Parkway, has spaces from 1,600 sq.ft. to 3,018 sq.ft. available. Cotenants include Dunham’s, Fashion Bug, Verizon Wireless, Payless ShoeSource and Bath & Body Works. Area demographics include a population of 40,322 within five miles earning $75,521 as the average household income. Norton Shores – Lakes Crossing, a 114,623 sq.ft. (continued on page seventy-eight)
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space place Michigan (continued from page seventy-six)
center, located along South Harvey, has spaces available from 1,600 sq.ft. to 6,397 sq.ft. Cotenants include Logan’s Roadhouse, Jo-Ann Fabrics, Lane Bryant, Shoe Carnival, Ulta, Party City, Sport Clips and AT&T. Area draws include The Lakes Mall. Area demographics include a population of 255,934 within 20 miles earning $58,740 as the average household income. Westland – West Ridge Shopping Center, located along Warren Road, has spaces of 1,345 sq.ft. to 14,294 sq.ft. available. Cotenants
Michigan
Michigan
include Petco, Party City, The Tile Shop, Fashion Bug, Deb Shop and Great Clips. Area demographics include a population of 281,934 within five miles earning $66,187 as the average household income. For more information regarding Silver Pointe, contact Brian Mychajluk, Brixmor, 22054 Farmington Road, Farmington, MI 48336; 248-442-5938; Email: brian.mychajluk@brixmor.com; Web site: www.brixmor.com. For more information regarding Lakes Crossing, contact Robert Saggese, 248-442-5904; Email: robert.
saggese@brixmor.com. For more information regarding West Ridge Shopping Center, contact Jeff Lautenbach, 248-442-5928; Email: jeffrey.lautenbach@brixmor.com. Holland – Cedar Village, has spaces available. Southfield – Greenfield Commons, has spaces available. For more information, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: leasing@nassimirealty.com.
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Elk River – Elk Park Center, a 204,992 sq.ft. center located along Freeport Street Northwest, has two spaces of 1,000 sq.ft. available, as well as spaces of 4,894 sq.ft. and 7,834 sq.ft. available. Cotenants include Cub Foods, Office Max, Taco Bell, Subway and Midas. Area demographics include a population of 36,918 within five miles earning an average household income of $88,329. For more information, contact Matthew Johnson, Brixmor, 40 Skokie Boulevard, Suite 600, Northbrook, IL 60062; 612-7987964; Email: matthew.johnson@brixmor.com. Spring Lake Park – A former restaurant building of 6,564 sq.ft. is available along University Avenue. Area retailers include Home Depot, Walmart, Sam’s Club, Michael’s and Burlington Coat Factory. Woodbury – A 7,670 sq.ft. building is available along Tamarack Bay. Area retailers include Dick’s, Home Depot, Walmart, JCPenney, Bed Bath & Beyond, Office Max and PetSmart. For more information regarding the Spring Lake Park site, contact Robert Crum or Lee Cherney, Kin Properties; 561-620-9200 Ext. 117/111; Emails: rcrum@kinproperties.com and lcherney@kinproperties.com. For more information regarding the site in Woodbury, contact Robert Crum or Steven Sandelman, 561-620-9200 Ext. 104.
Missouri disposition companies move sites quickly with e-Blasts.
For more information, call 1-800-732-5856 or visit www.eblast.net Page 78 | December 7, 2012
Camdenton – Camdenton Centre, a 14,700 sq.ft. center located along Highway 54, has spaces of 1,430 sq.ft. to 2,860 sq.ft. available. Cotenants include Factory Connection and US Cellular. Area demographics include a population of 19,269 within a 20-minute drive time. The average daily traffic count is 28,356 vehicles. (continued on page eighty)
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Gateway Center, Brooklyn Phase II Introducing the highly anticipated 2nd Phase of the successful Gateway Center in Brooklyn.
Construction will soon commence on the 605,000 sf expansion
of Gateway Center in Brooklyn, NY.
With nearly 80% of the project already
leased for 2014 Summer/Fall occupancy, there are still select marquee leasing opportunities available. There is one thing we can promise...a busy parking lot.
Phase II BUS STOP
ER
SK
INE
ST
RE
ET
GATEWAY DRIVE
B13 B83 Q8
7 IVE
Y DR EWA T A G
EXIT 15
162K CARS
WAY
E r ski n e S t re e t ( Ga t e wa y Center)
DAILY
ARK BELT P
Restaurants, Specialty Stores and Big Box Retail locations still Available Packages and Brochures at www.ripcony.com Come visit us at the ICSC Developer:
60 Columbus Circle,18th Floor New York, NY 10023
Hilton Hotel - Gibson Suite Brian Schuster
Todd Cooper
Peter Ripka
Leasing Agent:
516.933.8880 LI 212.750.6565 NYC
space place Missouri (continued from page seventy-eight)
For more information, contact Tony Gagliano, Thomas Realty Group, LLC, 300 South 2nd Street, Saint Charles, MO 63301; 314-298-1234; Email: tony@thomrealty.com. St. Louis – Millennium Center, has spaces available. For more information, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: leasing@nassimirealty.com.
New Jersey Cherry Hill – Crossroads Plaza, located along Cooper Landing, has a 1,450 sq.ft. space available. Cotenants include Rite Aid, Wawa and Wendy’s. The average daily traffic count is 49,000 vehicles. Area demographics include a population of 304,044 within five miles earning an average household income of $67,944. For more information, contact Maria Rita Aristone or Steven J. DePetris, Legend Properties, Inc., 201 Barclay Pavilion West, 1409 Route 70 East, Cherry Hill, NJ 08034; 856-231-1010, Fax 856-231-1111; Emails: maristone@lpre.com and sdepetris@lpre.com. Cifton – Botany Plaza has spaces available. For more information, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: leasing@nassimirealty.com. Delran – A 5,500 sq.ft. pad site is available. Guttenberg – A 4,000 sq.ft. building with a drive-thru is available. Little Egg Harbor – A land area of 15,000 sq.ft. is available. North Bergen – A 15,500 sq.ft. space along Tonnelle Avenue is available. Paramus – A 40,000 sq.ft. divisible space along Route 17 is available. Paterson – A 22,000 sq.ft. space along McLean Boulevard is available. Summit – A 2,800 sq.ft. former A&P liquor store is available. For more information, contact NAI James E. Hanson, 201-488-5800. Eatontown – A 6,000 sq.ft. freestanding building, located at the intersection of Route 35 and Route 36, is available. The average daily traffic count is 54,000 vehicles. Area demographics include a population of 161,791 within five miles earning an average household income of $71,465. The site is in close proximity to Monmouth Mall. For more information, contact Steiner Page 80 | December 7, 2012
New Jersey
New Jersey
Equities Group, LLC, 75 Eisenhower Parkway, Suite 150, Roseland, NJ 07068; 973-228-5800.
Famous Footwear. Target, Lowe’s Home Improvement, Stop Shop and Barnes & Noble anchor the center. Area demographics include a population of 152,632 within five miles earning 87,638 as the average household income. The average daily traffic count is 38,000 vehicles. Kearny – Walmart Center, a 178,000 sq.ft. center has four parcels of 0.97 acres to 1.92 acres available. Cotenants include Kmart, Rite Aid, Shop Rite, Marshalls, Pathmark, Home Depot, CVS, Modell’s Sporting Goods and Lowe’s Home Improvement. Area demographics include a population of 269,060 within three miles earning $90,770 as the average household income. The average daily traffic count is 32,000 vehicles. Livingston – Livingston Town Center, a 70,000 neighborhood shopping center has spaces of 750 sq.ft. to 10,000 sq.ft. available. Cotenants include CVS, TD Bank, ShopRite, Starbucks, Walgreens, Chase Bank, Haagen-Dazs, NY Sports Club, Dunkin Donuts, Kings Supermarket and Valley National Bank. Area demographics include a population of 207,116 within five miles earning $147,333 as the average household income. The average daily traffic is 30,000 vehicles. Lodi – An 85,000 sq.ft. center has spaces of 1,665 sq.ft., 4,570 sq.ft. and 6,020 sq.ft. available at the intersection of Memorial Drive and Washington Street. Cotenants include Kmart, TD Bank, Subway, ShopRite, 7-Eleven. Walgreens, Great Clips, Wells Fargo and Bank of America. Area demographics include a population of 597,185 within five miles earning $78,728 as the average household income. New City – New City Shopping Center, a 100,000 sq.ft. strip center, has spaces of 3,080 sq.ft. and 6,400 sq.ft. available. Area retailers include ShopRite, Good Year, Super Cuts, Boston Market, Dunkin Donuts and Capital One Bank. Area draws include Rockland County Courthouse. Area demographics include a population of 208,251 within five miles earning $102,441 as the average household income. New Providence – Village Shopping Center, a 150,000 sq.ft. center has spaces of 1,200 sq.ft. to 7,600 sq.ft. available. Cotenants include Subway, TD Bank, Radio Shack, Quizno’s, Dunkin Donuts, CVS, Wells Fargo, Friendly’s and Investors Savings Bank. Area demographics include a population of 168,201 within five miles earning $179,047 as the average household income. Paramus – Capitol Plaza, has a 4,000 sq.ft. space available. Cotenants include IKEA, Best Buy, Staples, DSW, Sports Authority, BJ’s Wholesale Club, Pier 1 Imports, Garden State Plaza, Bed Bath & Beyond and
Edison – Edison Plaza, located at the intersection of Route 1 and Old Post Road, has two spaces available of 3,000 sq.ft., along with a 5,000 sq.ft. pad site. Cotenants include Shop Rite, Party City, Plato’s Closet and Subway. Area demographics include a population of 273,796 within five miles earning an average household income of $96,021. Plainsboro – Princeton Meadows Shopping Center, a strip center located along Plainsboro Road, has a 4,000 sq.ft. space available. Cotenants include Subway, Crown of India and Kumon Learning Center. Area demographics include a population of 118,399 within five miles earning an average household income of $149,393. For more information, contact Charles Hirsch, Milbrook Properties Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Email: chirsch@milbrookproperties.com. Glassboro – Doubletree Plaza, a 12,340 sq.ft. center located along North Delsea Drive, has a 2,100 sq.ft. space available. Cotenants include Wawa, Papa John’s and AT&T. Area demographics within five miles include a population of 107,164 earning $90,809 as the average household income. The average daily traffic count is 20,000 vehicles. For more information, contact John Silvestri III, InterState Commercial, 14000 Horizon Way, Suite 100, Mount Laurel, NJ; 856-439-9200, Fax 856-439-0404; Email: jp3@ic-re.com. Garfield – A 52,000 sq.ft. former A&P, is available. Cotenants include GNC, Kmart, Verizon, Subway, Rite Aid, Pathmark, Walgreens, Footlocker, Home Depot, Fashion Bug, Dunkin Donuts and Capital One Bank. Area demographics include a population of 658,005 within five miles earning 75,108 as the average household income. Howell – A 6,625 sq.ft. former Carino’s Restaurant is available. Area retailers include Petco, Kohl’s, Lowes Home Improvement, Target, Walmart, Michael’s, T.J. Maxx, Starbucks, Stop & Shop, Applebee’s, Panera Bread and Pier 1 Imports. Area demographics include a population of 149,781 within five miles earning 88,073 as the average household income. Also, Lanes Hill Marketplace, has spaces of 3,500 sq.ft. to 7,150 sq.ft. available. Cotenants include Kohl’s, Petco, Michael’s, T.J. Maxx, Starbucks, dressbarn, Applebee’s, Chick-fil-A, Panera Bread and
(continued on page eighty-two)
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space place New Jersey (continued from page eighty)
Christmas Tree Shops. Area demographics include a population of 447,649 within five miles earning 106,042 as the average household income. The average daily traffic count is 157,000 vehicles. Citibank Center, located along Route 4, has a 2,076 sq.ft. space available. Cotenants include IKEA, Target, Toys R Us, Pier 1 Imports and Whole Foods. The average daily traffic count is over 150,000 vehicles. Area demographics include a population of 166,806 within three miles earning an average household income of $102,844. Parsippany – A 5,995 sq.ft. former Chili’s restaurant, located along Route 46 West, is available. Area retailers include K-Mart, Staples, Home Depot, Taco Bell and LA Fitness. Area demographics within five miles include a population of 127,033 earning an average household income of $129,064. Wayne – A 49,367 sq.ft. former PC Richard store, located along Route 46, is available. Area retailers include Sears, Kohl’s, David’s Bridal and Fairway Market. Area demographics within five miles include a population of 264,751 earning an average household income of $95,785. For more information regarding the site in Garfield, the former Carino’s restaurant, Livingston Town Center, the Paramus or Parsippany sites, contact Chuck Lanyard, The Goldstein Group, 45 Eisenhower Drive, Paramus, NJ 07652; 201-7099700 Ext.115, Fax 201-703-9678; Email: clanyard@thegoldsteingroup.com. For more information regarding Lanes Mill Marketplace, contact Mark Handwerker, Ext. 131, Email: mhandwerker@thegoldsteingroup.com. For more information regarding Walmart Center, contact John T. Ostrowski, Ext. 121, Email: jostrowski@thegoldsteingroup.com. For more information regarding the spaces at the intersection of Memorial Drive and Washington Street and the site in Wayne, contact Lew Finkelstein; Ext. 122, Email: lfinkelstein@thegoldsteingroup.com. For more information regarding New City Shopping Center, contact Scott Milich, Email: smilich@thegoldsteingroup.com. For more information regarding Village Shopping Center, contact CJ Huter, Ext. 118; Email: cjhuter@thegoldsteingroup.com. For more information regarding Capitol Plaza, contact Greg Panayoti, Ext. 133; Email: gpanayoti@thegoldsteingroup.com. Gloucester Township – Marketplace at Chew’s Landing, a 147,000 sq.ft. center has up to 1,511 sq.ft. of space available. Cotenants include ShopRite and Dunkin Donuts. Marlton – Marlton Square Specialty Page 82 | December 7, 2012
New Jersey
New York
Center, has up to 10,000 sq.ft. of space available. Cotenants include Victoria’s Secret, GAP and Trader Joe’s. Mays Landing – Festival at Hamilton, a 182,500 sq.ft. center has up to 1,600 sq.ft. of space available. Cotenants include Pier 1 Imports, Tuesday Morning, Acme and Jo-Ann Fabrics. Mt. Laurel – Village at Cambridge Crossing, a 130,000 sq.ft. center has a space of 1,728 sq.ft. available. Cotenants include LA Fitness, Talbots, Chico’s and Ruby Tuesday. For more information, contact Nichole Johnston, Paramount Realty Services, Inc., 1195 Route 70, Lakewood, NJ 08701; 732-886-1500, Fax 732-886-1690; Email: njohnson@paramountrealty.com; Web site: www.paramountrealty.com.
Donuts and Family Dollar. Lawrence – Bay Harbor Mall, located along Rockaway Turnpike, has a space of 12,883 sq.ft. available. Area retailers include Bank of America, Boston Market, Burling Coat Factory, Marshall’s, TD Bank, Best Buy, Staples and Bed Bath & Beyond. New York – A 2,300 sq.ft. storefront is available along West 23rd Street. Area retailers include Duane Reade, T-Mobile, Boston Market, Starbucks and CVS. A 1,700 sq.ft. storefront is available along Third Avenue. Area retailers include Edible Arrangements, Subway, Baskin Robbins and McDonald’s. Two storefronts of 1,550 sq.ft. are available along First Avenue. Area retailers include GNC, Chase Bank, Dunkin Donuts and D’Agostino Supermarket. A divisible space of 5,480 sq.ft. is available at the intersection of Broome Street and Wooster Street. Area retailers include The Shade Store and Gourmet Garage. A 1,200 sq.ft. ground floor space located along Park Avenue South, between 22nd Street and 23rd Street, is available. Area retailers include Walgreens, Bath & Body Works, Staples, Shake Shack, Starbucks, TD Bank and Charles Schwab. For more information regarding the space along Park Avenue, contact Steven E. Baker or Michael Gleicher, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; Emails: stevenb@winick.com and mgleicher@winick.com. For more information, regarding the space along Third Avenue, contact Joshua Siegelman or Jonathan Banayan, 212-792-2613/2617; Emails: jsiegelman@winick.com and jbanayan@winick.com. For more information regarding the Brooklyn site, contact Steven L. Weissmann,; 212-792-2609, Fax 212792-2660; Email: steven@winick.com. For more information regarding the West 23rd Street site, contact Steven Baker or Sam Mann; 212-792-2636/2635; Email: smann@winick.com. For more information regarding the First Avenue site, contact Brian Tregerman or Joseph Isa; 212-792-2632/2647; Emails: brian@winick.com and joseph@winick.com. For more information regarding the Broome/ Wooster Street site, contact Joshua Siegelman or Aaron S. Fishbein; 212-792-2611; Email: afishbein@winick.com. For more information regarding Bay Harbor Mall, contact Robert Heicklen or Louis Eisinger, 212-7922656/2629; Emails: rheicklen@winick.com and louis@winick.com.
Voorhees – Eagle Plaza, located at the intersection of Haddonfield-Berlin Road and White Horse Road, has spaces available from 1,200 sq.ft. to 16,758 sq.ft. Anchor tenants include ACME, Ross Dress for Less, Five Guys Famous Burgers & Fries, Mattress Giant, Rite Aid and Office Depot. The average daily traffic count is 50,000 vehicles. Area demographics include a population of 227,711 within five miles earning an average household income of $67,457. For more information, contact Victor Ambrosio, Pettinaro, 234 North James Street, Newport, DE 19804; 302-442-8518; Email:vambrosio@pettinaro.com. West Caldwell – West Caldwell Plaza, a 100,000 sq.ft. center located at the intersection of Bloomfield Avenue and Passaic Avenue, has spaces of 1,710 sq.ft. and 4,941 sq.ft. available. Cotenants include T.J. Maxx, ShopRite, Hallmark, Supercuts, Muscle Maker Grill, AT&T, GNC, Radio Shack, Pearle Vision, Starbucks, Manhattan Bagel and Panera Bread. Area demographics include a population of 178,630 within five miles earning $121,107 as the average household income. The average daily traffic count is 50,000 vehicles. Taxes as $7.25 psf. For more information, contact Neal J. Richards, The Vanguard Group, 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15, Fax 973-966-0123; Email: nrichards@vangardsite.com; Web site: www.vanguardsite.com.
New York Brooklyn – A 9,000 sq.ft. ground floor space, along with an 8,500 sq.ft. basement is available at the intersection of Broadway and Greene Avenue. Area retailers include Payless ShoeSource, Rainbow, Dunkin
East Meadow – East Meadow Commons, has spaces available. (continued on page eighty-four)
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space place New York (continued from page eighty-two)
For more information, contact Nassimi Realty, LLC, 370 Seventh Avenue, Suite 1600, New York, NY 10001; 212643-8080, Fax 212-643-2626; Email: leasing@nassimirealty.com. Hicksville – A 1.52 acre ground lease is available at the intersection of Broadway and Lee Avenue. Area retailers include CVS, Chuck E. Cheese, Pep Boys, Taco Bell and 7-Eleven. The average daily traffic count is 33,010 vehicles. For more information, contact Richard MacDougall, Breslin Realty, 500 Old Country Road, Garden City, NY 11530; 516-741-7400 Ext. 263; Email: rmacdougall@breslinrealty.com; Web site: www.breslinrealty.com. New York – A site located along Fourth Avenue has a 4,452 sq.ft. space available. Neighboring retailers include Ace Hardware, Walgreens, Best Buy and Crunch Gym. For contact information, contact Drew Weiss or Gregory Gang, JDF Realty, Inc.; 212-216-9777 Ext. 15/44; Emails: dweiss@jdfrealty.com and ggang@jdfrealty.com. New York – A 2,000 sq.ft. space is available fronting both Greenwich Street and Trinity Place. There is also a 2,000 sq.ft. basement and the option to add 2,000 sq.ft. on the second floor. Neighboring retailers include Century 21, Duane Reade, FedEx and TGI Friday’s. For more information, contact Guillermo Suarez, Massey Knakal Realty Services, 275 Madison Avenue, 3rd Floor, New York, NY 10016; 212-696-2500, Fax 212-696-0333; Emails: gosuarez@masseyknakal.com. New York – A 1,900 sq.ft. ground floor space with 20 feet of frontage is available along Broadway. Area retailers include Papa John’s, Verizon, Burger King and HSBC. Area draws include City College of New York. Also – A 1,400 sq.ft. ground floor space, along with a 1,200 sq.ft. basement space are available along Second Avenue. Area retailers include Subway, TD Bank, Starbucks, New York Sports Club, Morton Williams, BonChon, The Food Emporium, The Smith and Crave Fishbar. Also – Two spaces of 600 sq.ft., along with a 350 sq.ft. basement, are available along Broadway. Both 600 sq.ft. spaces have 13 feet of frontage. Area retailers include Rite Aid, Papa Johns, Bank of America, Citibank, Domino’s and Dunkin Donuts. For more information, contact Zelnik & Co., 424 Madison Avenue, Suite 5, New York, NY 10017; 212-223-2200. Page 84 | December 7, 2012
New York
Pennsylvania
Seneca – A 5,566 sq.ft. freestanding building is available along Ridge Road. Area retailers include Home Depot, K-Mart, Wegmans, Office Max, Bigs Lots and Aldi. For more information, contact Len Weiselberg or Gary Shapiro, Kin Properties; 561-620-9200 Ext.112/114; Emails: lweiselberg@kinproperties.com and gshapiro@kinproperties.com.
well as a bank pad site available. Cotenants include Men’s Warehouse. Overlook Town Center, located at the intersection of Fruitville Pike and US Route 30, has pad sites available. Middletown – Westporte Centre, located along West Main Street, has spaces of 3,760 sq.ft. to 56,016 sq.ft. available. Red Lion – Windsor Commons, located along Cape Horn Road, has two spaces of 1,600 sq.ft. and a space of 4,000 sq.ft. available. York – Gabriel Brothers Plaza, located at the intersection of Route 124 and Interstate 83, has spaces of 1,000 sq.ft., 2,000 sq.ft., 3,000 sq.ft. and 4,200 sq.ft. available. For more information, contact David Nicholson or Blake Gross, LMS Commercial Real Estate, 120 North Pointe Boulevard, Suite 301, Lancaster, PA 17601 or 1200 Greensprings Drive, York, PA 17402;; 717-569-9373 Ext. 607/493; Fax 717-5609909; Emails: dnicholson@lms-pma.com and bgross@lms-pma.com; Website: www.lms-pma.com.
Suffern – A 16,107 sq.ft. space is available along Orange Avenue. For more information, contact NAI James E. Hanson, 201-488-5800.
North Carolina Henderson – Dabney Center has a 1,800 sq.ft. space available. Cotenants include Food Lion and CitiTrends. For more information, contact Bruce Lynch, Rosamund Property Consultants, PO Box 1989, 2 North Main Street, Wendell, NC 27591; 919-365-4977.
Ohio Cincinnati – Beechmont Retail, located at the intersection of Nagel Road and Beechmont Avenue, has spaces available from 575 sq.ft. to 2,970 sq.ft. Cotenants include Dairy Queen, Subway and Sherwin Williams. Area demographics include a population of 105,000 within five miles. For more information, contact Cindy Metz, NAI Bergman, American Commercial Realty Corp., 324 Datura Street, Suite 102, West Palm Beach, FL 33401; 513-322-6303; Emails:cmetz@bergman-group.com and leasing@amcomrealty.com.
Pennsylvania Bethlehem – Madison Farms Retail, located along Freemansburg Road, has inline spaces available as well as a pad site. Area retailers include Lowe’s, Bed Bath & Beyond, Barnes & Noble, Pier One, Dick’s and Ruby Tuesday. Area demographics include a population of 129,278 within five miles earning an average household income of $72,538. Harrisburg – Union Square Shopping Center, located along Union Deposit Road, has spaces of 3,500 sq.ft., 9,600 sq.ft. and 24,300 sq.ft. available. Lancaster – The Shoppes At Landis Valley, located at the intersection of Oregon Pike and Landis Valley Road, has spaces of 2,156 sq.ft. and 2,798 sq.ft. available. The Shoppes On Manheim Pike, located at the intersection of Manheim Pike and Lausch Lane, has spaces of 1,500 sq.ft. and 3,484 sq.ft. available, as
Chambersburg – Hillside East Plaza, located along Lincoln Highway East, has a 1,200 sq.ft. space available. Cotenants include Walmart, GameStop and Sprint. Area demographics within five miles include a population of 48,285 earning an average household income of $55,961. Dover – Dover Marketplace, located along Carlisle Road, has two spaces of 1,200 sq.ft. available, which can be combined. Cotenants include Giant, Subway and Fox’s Pizza Den. Area demographics include a population of 58,451 within five miles earning an average household income of $69,865. The average daily traffic count is 13,000 vehicles. Mechanicsburg – Silver Spring Square, located along Carlisle Pike, has a space of 3,200 sq.ft. available. Cotenants include Target, Wegmans, Best Buy, Petco, Bed Bath & Beyond, Ulta, Panera Bread, Ross Dress for Less and Chili’s. Area demographics include a population of 168,371 within seven miles earning $70,556 as the average household income. For more information, contact Chad Stine and Brad Rohrbaugh, Bennett Williams Realty, Inc., 110 North George Street, Fourth Floor, York, PA 17401; 717-843-5555, Fax 717-843-5550; Emails: cstine@bennettwilliams.com and brohrbaugh@bennettwilliams.com. Exton – Main Street at Exton, located at the intersection of Highway 100 and Highway 30, has spaces available. Cotenants include Barnes & Noble, Bath & Body Works, Modell’s Sporting Goods, Verizon Wireless, (continued on page eighty-six)
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space place Pennsylvania (continued from page eighty-four)
Great Clips, Sam’s Club, Old Navy, Longhorn Steakhouse, On The Border, Cosi, China Grill and Justice. Area demographics include a population of 181,504 within seven miles earning $109,607 as the average household income. The average daily traffic count is 44,000 vehicles. Hatfield – Hilltown Crossings, located at the intersection of Route 309 and Orvilla Road, has spaces available. Cotenants include McDonalds, Walmart, Frankford Cleaners, Sovereign Bank, Osaka, 309 Nails, Dollar
Pennsylvania
Pennsylvania
Tree, Verizon Wireless and Wine & Spirits. Area demographics include a population of 221,903 within seven miles earning $94,669 as the average household income. The average daily traffic count is 40,000 vehicles. Quakertown – Richland Crossings, located at the intersection of Route 309 and Route 313, has spaces available. Cotenants include Hair Cuttery, Regal Cinemas, Citizens Bank, Applebee’s, GNC, Garden Buffett, Arby’s, Quest Diagnostics, Weight Watchers and Ace Cleaners. Area demographics include a population of 278,147 within seven miles
earning $91,701 as the average household income. The average daily traffic count is 33,000 vehicles. For more information, contact Matt Sitton or Arlene Gray, Wolfson Group, Inc., 120 West Germantown Pike, Suite 120, Plymouth Meeting, PA 19462; 610-277-8899; Emails: msitton@wolfsongroupinc.com and agray@wolfsongroupinc.com; Web site: www.wolfsongroupinc.com.
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Fogelsville – Spaces of 2,347 sq.ft. to 14,190 sq.ft. are available at the intersection of Route 100 and Glenlivet West Road. Area retailers include Kmart, Staples, Ollie’s Bargain Outlet, Walmart, Giant, Kohl’s, Redner’s and Big Lots. Area demographics include a population of 56,561 within five miles earning $105,399 as the average household income. The average daily traffic count is 43,830 vehicles. Harrisburg – Spaces of 3,619 sq.ft., 25,707 sq.ft. and 35,587 sq.ft. are available along South 29th Street. Area retailers include Rite Aid, Dollar General and Domino’s Pizza. Area demographics include a population of 178,785 within five miles earning $65,734 as the average household income. The average daily traffic count is 16,000 vehicles. West Lawn – Spaces of 1,600 sq.ft. to 9,600 sq.ft. are available, as well as a 2.68 acre pad site, along West Wyomissing Boulevard. Area retailers include Walmart, Staples, LA Fitness, T.J. Maxx, Boscov’s, Sears and Giant. Area demographics include a population of 168,636 within five miles earning $60,029 as the average household income. The average daily traffic count is 18,000 vehicles. For more information, contact Brian Goodwin, Metro Commercial Real Estate, Inc., Eight Tower Bridge, 161 Washington Street, Suite 375, Conshohocken, PA 19428; 610-825-5222; Email: bgoodwin@metrocommerical.com; Web site: www.metrocommercial.com. Hazelton – Laurel Mall has spaces available from 180 sq.ft. to 10,356 sq.ft., including pad sites and kiosks. The mall, located along Laurel Mall Road, has over 65 retail shops including JCPenney, Boscovs, Subway, Claire’s, Old Navy, Verizon and Foot Locker. Area demographics within five miles include a population of 64,685 earning $57,049 as the average household income. Philadelphia – A 1,520 sq.ft. freestanding restaurant along Bustleton Avenue is available. The average daily traffic count is 33,000 vehicles. Area retailers include ACME Markets, McDonald’s, Walgreens, CVS and Advance Auto Parts. (continued on page eighty-eight)
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PRIME LOCATION IN A BI-NATIONAL TRADE MARKET WITH OVER 12 MILLION PEOPLE WITHIN A 100 MILE RADIUS
P U T N I A GA R A F A L LS I N Y O UR
DEVELOPMENT PIPELINE 5
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space place Pennsylvania (continued from page eighty-six)
Area demographics include a population of 392,502 within five miles earning an average household income of $66,352. A 13,750 sq.ft. pad site, located along Aramingo Avenue, is available. Area retailers include Wendy’s, Burger King, Petco, Lowe’s Home Improvement, and Walmart. Area demographics include a population of 285,735 within three miles earning an average household income of $36,775. The average daily traffic count is 24,000 vehicles. Schnecksville - Mary Ann’s Plaza, located at
Pennsylvania
Pennsylvania
the intersection of Route 873 and Schneck Road, has spaces of 1,000 sq.ft. to 5,000 sq.ft. available. Area retailers include Weis Markets and McDonalds. Area draws include Lehigh Carbon Community College. The average daily traffic count is 18,000 vehicles. Area demographics include a population of 32,620 within five miles earning $78,450 as the average household income. West Chester – Brookworth Shopping Center, located along Downingtown Pike, has a 57,289 sq.ft. freestanding building available. Cotenants include PNC Bank, CVS and
Dunkin Donuts. The average daily traffic count is 18,584 vehicles. Area demographics within five miles include a population of 108,254 earning $116,984 as the average household income. For more information regarding the Philadelphia site, contact Bryan Perchick, Legend Properties, Inc., 521 Plymouth Road, Suite 118, Plymouth Meeting, PA 19462; 610-941-4034, Fax 610-914-4038; Email: bperchick@lpre.com; Web site: www.lpre.com. For more information regarding the West Chester site, contact Dennis Campbell; Email:dcampbell@lpre.com. For more information regarding the site on Aramingo Avenue, contact Jack Reilly; 215-599-0312, Email: jreilly@lpre. com; Web site: www.lpre.com. For more information regarding Mary Ann’s Plaza, contact James DePetris or Tim McLaughlin; 610-941-4034/610-868-6720; Emails: jdepetris@lpre.com and tmclaughlin@lpre.com. For more information regarding the Hazleton site, contact Joshua Hunsberger or Tim McLaughlin, Legend Properties, Inc., 1541 Alta Drive, Suite 101, Whitehall, PA 18052; 610-868-6720; Emails: jhunsberger@lpre.com and tmclaughlin@lpre.com.
Got space? Find your missing tenant.
Over 6,000 retail chains are listed in the national edition Published by and for leasing agents, brokers and owners of retail real estate, TenantSearch tells you: • Who’s in charge of the tenant’s real estate for your market, and how to reach them • Where the chain is seeking new store locations, and its existing markets • What the retailer’s space, property type, demographic, co-tenancy and lease requirements are
www.tenantsearch.com | 1.800.732.5856 Page 88 | December 7, 2012
Lancaster – Mill Creek Square, a 285,000 sq.ft. center located along US Route 30, has spaces available. Cotenants include Petco, Staples, Saladworks, Shoe Carnival, Ross Dress for Less, Visionworks, Hair Cuttery and Kohl’s. Area demographics include a population of 156,701 within seven miles earning $53,297 as the median household income. For more information, contact H. Stephen Evans or Jeffrey Kurtz, High Real Estate Group, LLC, Emails: sevans@high.net and jkurtz@high.net. Levittown – Levittown Town Center, located at the intersection of Levittown Parkway and US Route 13, has spaces available from 1,800 sq.ft. to 8,000 sq. ft. Walmart, Home Depot, PetSmart and Ross Dress For Less serve as anchors. Cotenants include Taco Bell, Hair Cuttery, GNC, GameStop, Wells Fargo and Firestone. Area demographics include a population of 68,834 within three mile, earning an average household income of $69,077. For more information, contact DLC Management Corp., 580 White Plains Road, Tarrytown, NY 10591; 914-631-3131; Web site: www.dlcmgmt.com. Philadelphia – One & Olney Square, located at the intersection of East Nedro Avenue and Front Street, has a divisible space of 27,400 (continued on page ninety)
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Great Leasing Opportunities. ALABAMA
NORTH CAROLINA
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Philadelphia Market
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Proposed Development
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SoHo
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we have available space for all needs including: • • • •
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space place Pennsylvania (continued from page eighty-eight)
sq.ft. available, along with two spaces of 2,450 sq.ft., and a space of 2,750 sq.ft. A 7,500 sq.ft. pad site is also available. The center is anchored by Shop Rite. Cotenants include Rainbow, Modell’s, Dollar Deal, Lucille Roberts and Payless ShoeSource. Pittsburgh – Bakery Square, located at the intersection of Dahlem Place and East Liberty Boulevard, has a divisible space of 29,865 sq.ft. available. In addition, spaces of 7,953 sq.ft., 6,281 sq.ft. and 2,183 sq.ft. are available. Cotenants include
Pennsylvania
Pennsylvania
Panera Bread, Anthropologie, Verizon Wireless and Free People. For more information, contact Randall Briskin, The Feil Organization, 7 Penn Plaza, New York, NY 10001; 212-5636557 Ext. 218, Fax 212-563-6657; Email: rbriskin@feilorg.com. Web site: www.feilorg.com.
& Beyond, Giant Supermarket and GameStop. Area demographics include a population of 173,349 within five miles, earning $120,390 as the average household income. The average daily traffic count is 33,000 vehicles. For more information, contact MPI, 600 Madison Avenue, 14th Floor, New York, NY 10022; 212-935-1330, Fax 212-832-5369; Email: leasing@mpi-re.com.
Radnor – St. David’s Square, located along East Lancaster Avenue, has spaces available of 1,867 sq.ft. and 2,467 sq.ft. Cotenants include T.J. Maxx, Bed Bath
Reading – Reading Station Center, located at the intersection of 6th Street and Spring Street, has up to 140,000 sq.ft. of space available, as well as pad sites. Price Rite Grocery and Family Dollar anchor the center. Area retailers include Target, Petco, Marshalls, Weis, Ulta, Bed Bath & Beyond, Office Depot, Dick’s Sporting Goods, Home Depot, Best Buy, Old Navy and Sears. Area demographics include a population of 187,263 within three miles earning $62,710 as the average household income. For more information, contact US Realty Associates, Inc., 120-124 East Lancaster Avenue, Suite 101, Ardmore, PA 19003.
Texas
You can now read the most current issue of The Dealmakers on your mobile device. Visit our blog at http://dlmkrs.com on any mobile device and read the most current issue of The Dealmakers. Each individual issue is password-protected, so you must have the physical issue in order to read online. You can also read Ann O’Neal’s “Observations & Conversations” column, our profiles on retailers and retail real estate companies, and our updates from industry events, “Reflections from the Road,” for free!
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Page 90 | December 7, 2012
Bryan – Culpepper North, located along East Highway 21, has space available. Family Dollar and Food City anchor the center. Area demographics include a population of 93,914 within five miles earning $56,209 as the average household income. The average daily traffic count is 20,000 vehicles. Also – Tejas Center, a 350,000 sq.ft. center located along Texas Avenue, has a space of 35,788 sq.ft. available. Cotenants include Family Dollar, Whataburger, Starbucks, Gold’s Gym and Bealls. Area demographics include a population of 154,052 within five miles earning $54,578 as the average household income. The average daily traffic count is 47,000 vehicles. Kerrville – River Hills Mall, located along Sidney Baker South, has spaces available of 810 sq.ft. to 3,436 sq.ft. Cotenants include Belk, Beall’s, Maurices, Claire’s, Hibbett Sports, Zales, Burke’s Outlet, Pro Nails and Bon Worth. Area demographics include a population of 33,982 within five miles earning $64,468 as the average household income. The average daily traffic count is 22,000 vehicles. For more information, contact Jack Culpepper or Frank Heifrin, Stalworth Real Estate Services, 1700 George Bush Drive East, (continued on page ninety-two)
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Visit us at the New York ICSC Idea Exchange! December 3rd - 4th
Leasing Management Sales Development Construction Acquisition
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tenant rePresentation • Starbucks • Pier 1 • Pet Valu • Shoe Carnival • Office Max • Qdoba • Amelia’s • Patient First
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Union Square Shopping Center 3819 Union Deposit Road Harrisburg, PA 17109
The Shoppes at Landis Valley Oregon Pike & Landis Valley Road Lancaster, PA 17601
North Cornwall Commons Rocherty & Cornwall Roads Lebanon, PA 17042
Westporte Centre 300 West Main Street Middletown, PA 17057
The Shoppes on Manheim Pike 1601 Manheim Pike & Lausch Lane Lancaster, PA 17601
30 Keller Avenue Keller Avenue & Lititz Pike Lancaster, PA 17601
Shoppes at Bloomfield Village 3140 Lititz Pike Lititz, PA 17543
Gabriel Brothers Plaza Route 124 & I-83 York, PA 17402
Millersville Commons Wabank & Millersville Road Millersville, PA 17551
Columbia Shopping Center Route 462 & South 18th Street Columbia, PA 17512
South Hanover Shopping Center 793 Baltimore Pike Hanover, PA 17331
Keystone Arms Center 1075 Harrisburg Pike Carlisle, PA 17013
3,500 SF • 9,600 SF • 24,300 SF Join Weis, Starbucks & Jimmy John’s
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space place Texas (continued from page ninety)
Suite 240, College Station, TX 77840; 979696-1444, Emails: jack@stalworthonline.com and fgh@stalworthonline.com. Grand Prairie – Emerald Square, a 148,772 sq.ft. center located at the intersection of State Highway 360 and Mayfield Drive, has spaces available of 1,652 sq.ft. to 32,450 sq.ft. Area retailers include Walmart, Sam’s Club, Whataburger, Rooms To Go Outlet, On the Border, Target, Payless ShoeSource and Kroger. Area demographics include a population of 132,390 within three miles earning $62,804 as the average household income. Rockwall – Plaza at Rockwall, a 500,000 sq.ft. center located at the intersection of Interstate 30 and Highway 205, has spaces available. Cotenants include Best Buy, JCPenney, Dick’s Sporting Goods, Justice, Shoe Carnival, Belk, Staples, Ulta, Versona and Jos. A Bank. Area retailers include Bed Bath & Beyond, T.J. Maxx, PetSmart, Target, Walmart Supercenter, Stein Mart, Costco, Cinemark, Kohl’s and Kirkland’s. Area demographics include a trade-area population of
Texas
Virginia
217,407 earning $77,078 as the average household income. For more information regarding Emerald Square, contact Bryan Dyer or Karen Mitchell, The Woodmont Co., 817-377-7785/214217-4617; Emails: bdyer@woodmont.com and kmitchell@woodmont.com. For more information regarding Plaza at Rockwall, contact Dorinda Cavender or Alex Bryant, 214-217-4606/817-377-7181; Emails: dcavender@woodmont.com and abryant@woodmont.com.
Fredericksburg – Fredericksburg Shopping Center, a strip center located at the intersection of Fall Hill Avenue and Jefferson Davis Highway, has spaces available of 1,200 sq.ft. and 3,200 sq.ft. Bottom Dollar Food serves as the anchor. Within three miles, the average household income is $57,000. For more information, contact Chris Pamboukian, Tetra Partners; 703-796-1800 Ext. 105; Email: chris@tetrapartners.com.
Vermont
Hampton – Coliseum Square, a 43,000 sq.ft. center located along Coliseum Drive, has spaces available of 1,170 sq.ft., 2,400 sq.ft., 2,700 sq.ft. and 3,200 sq.ft. Cotenants include Sleepy’s, SuperCuts, GNC and Go Wireless. Area demographics include a population of 204,269 within five miles earning $56,267 as the average household income. For more information, contact MPI, 600 Madison Avenue, 14th Floor, New York, NY 10022; 212-935-1330, Fax 212-832-5369; Email: leasing@mpi-re.com.
Brattleboro – Royal Square Shopping Center, a 104,000 sq.ft. shopping center located along Putney Road, has a 2,900 sq.ft. restaurant space available, as well as a 9,860 sq.ft. inline space available. Cotenants include Staples, Peeble’s, Consumer Auto Parts, Sleepy’s and Label Shopper. For more information, contact New England Retail Properties, Inc., 150 Hartford Avenue, Wethersfield, CT 06109; 860-529-9000; Web site: www.newenglandretail.com.
(continued on page ninety-four)
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State AL AL AR AZ CA CA CA CO CO FL FL FL FL FL FL FL FL GA IL IL IL IL IN IN KS KS LA MI MI MI MI MI MI MI MI MI MN MN MN MO NJ NJ NJ NV NY OH OH OH OH OH OH OH PA PA TN TN TX TX TX TX TX TX TX WA WI WI WI WI WI WV
City
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Size
Anniston Tuscaloosa Forrest City Tucson Monrovia Santa Ana Stockton Northglenn Pueblo Clearwater Gainesville Jacksonville Jacksonville Orlando Pensacola St Petersburg Pinnellas Park Smyrna Northlake Orland Park Palos Heights Peru Castleton Indianapolis Kansas City Topeka Lake Charles Dearborn Houghton Lake Plymouth Pontiac Port Huron Portage Sterling Heights Troy Woodhaven Spring Lake Park Willmar Woodbury Joplin Brick Township Millville Newton Las Vegas W. Seneca Beavercreek Cincinnati Northwood Seven Hills Springfield Trotwood Youngstown Montgomeryville Norristown Chattanooga Memphis Abilene Abilene Amarillo Cedar Park Grand Prairie Plainview San Angelo Vancouver Beaver Dam Cudahy Milwaukee Monroe Waukesha Martinsburg
2008 Quintard Avenue 1006 15th Street 412 N. Washington Street 4025 Oracle Road 303 Huntington Drive 2801 S. Bristol Street 7932 N. El Dorado Street 1000 W 104 Avenue 727 US Highway 50W 19919 US Hwy 19 North 2323 NW 13th Street 5603 Arlington Road 5243 Normandy Boulevard 5655 E Colonial Drive 5055 North 9th Avenue 2401 N 9th Street 6492 Park Boulevard 2572 Glendale Place SE 53 West North Avenue 14325 South LaGrange Road 12777 S. Harlem Avenue 1608 36th Street 6302 East 82 Street 7911 N Michigan Road 1021 S. 12th Street 1925 West 10th Street 1100 N Martin Luther King Hwy 5601 Mercury Drive 8135 W. Houghton Lake Drive 620 Ann Arbor Road 44731 Woodward Avenue 3811 North 24th Avenue 5230 South Westnedge Avenue 43169 Van Dyke 3914 Rochester Road West Road 8355 University Ave NE 1413 1st Street 8472 Tamarack Village Road 108 North Range Line Road 856 Route 70 2500 N. 2nd Street 11 Nelson Street 1570 N. Eastern Avenue 1956 Ridge Road 4480 Indian Ripple Road 3045 W. Galbraith Road 2801 Woodville Road 7701 Broadview Road 1105 Upper Valey Pike 5136 Salem Avenue 3712 Belmont Avenue 770 Bethlehem Pike 2647 West Main Street 5109 Brainerd Road 3414 Lamar Avenue 4135 N. First Street 3882 South Clack Street 4215 SW 45th Street 11066 Pecan Park Boulevard 2506 Belt Line Road 1605 W 5th Street 4214 College Hills Boulevard 2900 E. Mill Plain Boulevard 800 Park Avenue 5871 S. Packard Avenue 7690 W. Appleton Avenue 127 W. 8th Street 431 W. Sunset Drive 1212 North Queen Street
4,897 sqft 3,913 sqft 12,730 sqft 1,400 sqft 3,225 sqft 6,000 sqft 21,440 sqft 56,040 sqft 4,800 sqft 8,000 sqft 54,635 sqft 4,000 sqft 3,000 sqft 4,000 sqft 44,228 sqft 4,000 sqft 4,000 sqft 4,640 sqft 32,357 sqft 3,400 sqft 5,400 sqft 104,992 sqft 14,967 sqft 13,000 sqft 19,478 sqft 6,547 sqft 12,669 sqft 30,000 sqft 44,459 sqft 5,400 sqft 3,900 sqft 8,400 sqft 13,000 sqft 1,700 sqft 6,000 sqft 22.00 acres 6,564 sqft 3,096 sqft 7,670 sqft 4,800 sqft 3,065 sqft 4,800 sqft 9,311 sqft 35,040 sqft 5,566 sqft 6,000 sqft 4,000 sqft 4,000 sqft 20,992 sqft 4,000 sqft 3,960 sqft 4,000 sqft 4,632 sqft 7,000 sqft 1,548 sqft 4,000 sqft 4,860 sqft 4,800 sqft 2.18 acres 30,000 sqft 16,457 sqft 18,000 sqft 23,182 sqft 3,280 sqft 3,077 sqft 3,000 sqft 7,000 sqft 3,030 sqft 2,340 sqft 23,744 sqft
Asking Rent
Sale Price
$7.75 $25.00 $5.00 $9.95 $21.00 $22.80 Sale Only $4.95 $15.00 $12.50 $7.00 $10.50 $11.95 $9.50 $9.00 $9.00 $9.00 $4.95 $11.50 $25.00 $9.95 $3.50 $11.00 $9.00 $3.50 $7.50 $7.00 $12.00 $3.00 $15.50 $10.00 $3.50 $12.00 $7.50 $10.00 Sale Only $12.00 $11.50 $9.95 $11.95 $20.00 $18.00 $7.00 $4.00 $5.00 $20.00 $6.50 $5.50 $5.25 $4.95 $4.95 $6.00 $21.50 $14.75 $9.50 $6.50 $4.95 $12.00 Sale Only $9.50 $5.00 $4.00 $7.00 $14.00 $7.50 $12.00 $9.75 $10.00 $12.50 $3.50
make an appointment to see us at the NY ICSC convention: booth #397 (Hilton - Americas Hall 1)
185 NW Spanish River Blvd • Suite 100• Boca Raton • FL 33431
$295,000 Lease Only Lease Only Lease Only Lease Only Lease Only $995,000 $3,000,000 $950,000 $795,000 Lease Only $345,000 $600,000 $225,000 Lease Only $320,000 Lease Only $195,000 Lease Only Lease Only $599,000 $3,900,000 Lease Only Lease Only $469,000 Lease Only Lease Only Lease Only $899,000 Lease Only $195,000 $195,000 Lease Only Lease Only Lease Only $128,332 $895,000 Lease Only Lease Only Lease Only Lease Only Lease Only Lease Only $985,000 $220,000 Lease Only $295,000 $169,000 Lease Only $199,000 $75,000 $245,000 Lease Only Lease Only $250,000 $94,000 $99,000 Lease Only $1,750,000 Lease Only Lease Only $415,000 Lease Only Lease Only $225,000 Lease Only Lease Only Lease Only Lease Only Lease Only
space place Virginia (continued from page ninety-two)
Richmond – Shoppes @ Twin Oaks, a 39,150 sq.ft. center located at the intersection of Cox Road and Westerre Parkway, has spaces of 1,440 sq.ft. to 5,000 sq.ft. available. Area demographics include a population of 166,653 within five miles earning $83,863 as the average household income. The average daily traffic count is 59,500 vehicles. Area draws include Innsbrook Corporate Center. For more information, contact Harrison Hall or Peter Vick. NAI Eagle, 2250 Old Brick Road, Suite 240, Glen Allen, VA 23060; 804-217-6903/6905; Emails: harrisonhall@naieagle.com and petervick@naieagle.com; Web site: www.naieagle.com. Virginia Beach – The Shops at 31Ocean, located at the intersection of Pacific Avenue and Laskin Road, has spaces available of 1,750 sq.ft. to 5,750 sq.ft. Cotenants include CVS, Fresh Farms Café and Buffalo Wild Wings. Area demographics within five miles include a population of 71,581 earning $86,251 as the average household income.
Virginia
West Virginia
For more information, contact J. Robin Gasser, Gold Key | PHR, 313 Laskin Road, Suite 103, Virginia Beach, VA 23451; 757437-7873; Email: robin.gasser@goldkeyphr.com. Williamsburg – New Town Shops On Main, located along Monticello Avenue, has spaces available from 5,000 sq.ft. to 10,000 sq.ft. Cotenants include Barnes & Noble, Buffalo Wild Wings, Panera Bread, JoAnn Fabrics and Regal Cinemas. For more information, contact Kelly Voss, Developers Realty Corp., 1224 Mill Street, Building D, Suite 103, East Berlin, CT 06023; 860-561-0121, Fax 860-521-4323; Email: kelly@developers-realty.com.
Area demographics include a population of 22,565 within five miles earning $44,313 as the average household income. The average daily traffic count is 20,000 vehicles. Parkersburg – Grand Central Plaza, a 75,344 sq.ft. center located along Murdoch Avenue, has a space of 7,000 sq.ft. available. Cotenants include Office Depot, T.J. Maxx and O’Reilly Auto Parts. Area demographics include a population of 107,128 within 10 miles earning $53,306 as the average household income. The average daily traffic count is 20,500 vehicles. For more information regarding Moundsville Plaza, Jeff Lautenbach, Brixmor, 22054 Farmington Road, Farmington, MI 48336; 248-442-5928; Email: jeffrey. lautenbach@brixmor.com; Web site: www.brixmor.com. For more information regarding Grand Central Plaza, contact Tony Michalak. 953 Hempstead Road, Cincinnati, OH 45231; 513-728-6624; Email: tony. michalak@brixmor.com.
West Virginia Moundsville - Moundsville Plaza, a 176,156 sq.ft. center located along Lafayette Avenue, has spaces of 3,000 sq.ft., 4,000 sq.ft. and 5,400 sq.ft. available. Cotenants at the center include Goin Postal, Plaza Salon, H&R Block, Deanno’s Pizza, Radio Shack, Dunham’s Sports, Great China Buffett, Big Lots, Sally Beauty, GameStop, Family Dollar and Kroger.
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Wisconsin Burlington – Fox River Plaza, a 169,883 sq.ft. center located along Milwaukee Avenue, has spaces of 5,000 sq.ft., 10,880 sq.ft. and 83,552 sq.ft. available. Cotenants include Dunham’s Sports and Subway. Area demographics include a population of 21,654 within five miles earning $69,879 as the average household income. Greenfield – Spring Mall, a 188,861 sq.ft. center located along South 76th Street, has spaces available of 3,626 sq.ft., 4,260 sq.ft. and 85,457 sq.ft. available. Cotenants include Sears, T.J. Maxx and Walgreens. Area demographics include a population of 333,879 within five miles earning $58,896 as the average household income. New Berlin – Moorland Square Shopping Center, a 98,303 sq.ft. center located along West National Avenue, has a space of 1,398 sq.ft. available. Pick N Save anchors the center. Area demographics include a population of 141,607 within five miles earning $77,518 as the average household income. West Bend – Paradise Pavilion, a 220,049 sq.ft. center located at the intersection of Main Street and Paradise Drive, has spaces of 2,483 sq.ft., 2,945 sq.ft., 3,252 sq.ft., 3,266 sq.ft. and 5,619 sq.ft. available. Cotenants include Kohl’s and Hobby Lobby. Area demographics include a population of 45,217 within five miles earning $71,660 as the average household income. For more information, contact Dana Meadowcroft, Brixmor, 40 Skokie Boulevard, Suite 600, Northbrook, IL 60062; 847-562-4148; Email: dana.meadowcroft@brixmor.com. DM Dealmakers Magazine | www.dealmakers.net
Visit Us At The NY ICSC SHOW
Seeking Development Sites in Connecticut, Massachusetts, Rhode Island, New Hampshire, Vermont, Pennsylvania, Delaware,New Jersey & Virginia
December 3-4, 2012 America’s Hall One Booth #326 WETHERSFIELD, CONNECTICUT SILAS DEANE HIGHWAY (RTE. 99)
BRATTLEBORO, VERMONT PUTNEY ROAD (RTE. 5)
The Royal Square Shoppes at Shopping Silas Deane Center 30,000 SF 104,000 SF ♦ ♦ ♦ ♦
Join Family Dollar in this High Traffic Location 2,000-10,000 SF Spaces Available for Lease Easy Access to Route 5/15 & Interstates 84 & 91 Neighbors: PriceRite, Liberty Bank, Dunkin Donuts Subway, Ace Hardware, Rite Aid, OSJL & more
♦ ♦ ♦ ♦
BLOOMFIELD, CONNECTICUT COTTAGE GROVE ROAD (RTE. 218)
WALLINGFORD, CONNECTICUT NORTH COLONY ROAD
Staples Plaza - 97,000 SF
Copaco Shopping Center - 430,000 SF ♦ ♦ ♦
1,440-21,000 Square Feet Remaining Available for Lease (subdividable) Services northern suburbs of Hartford County Join Lowe’s, Stop & Shop, Burlington Coat, CVS, IHOP, McDonalds, Home Depot, Firestone & more
♦ ♦ ♦
COLCHESTER, CONNECTICUT ROUTE 85 at ROUTE 2
♦ ♦
Up to 50,000 Square Feet to be built with Outparcels Ideal for Retail, Medical or Financial Uses Planned Retail Development 2012 - 2013
3,000-9,600 Square Feet Available for Lease Join Staples, Dollar Tree, Goodwill, All Pets Club and many more in this 97,000 SF Shopping Center Neighbors Include: Home Depot, Best Buy, Big Y, Michael’s, Burlington Coat, McDonalds & more
EAST HAVEN, CONNECTICUT FRONTAGE ROAD
Colchester Village - 50,000 SF
♦
9,860 SF Inline & 2,900 SF Restaurant Space Avail. High Traffic Location - Exit 3 off I-91 Competitive Rates - Public Transportation Join Aldi’s (2013), Staples, Peeble’s, Consumer Auto Parts, Sleepy’s, Label Shopper and more.
East Haven Green Center - 185,000 SF ♦ ♦ ♦
2,500 - 12,800 SF Remains Available for Lease
Join Home Depot, Autozone, Wendy’s, Winners & more Neighbors: HomeGoods, Sleepy’s, TJ Maxx & more
*****************RESTAURANT SITES AVAILABLE************** MANCHESTER, CT
♦ ♦ ♦
FORMER KFC WITH DRIVE-THRU 3,248 SF ON .66 ACRES IN BUCKLAND HILLS MALL RETAIL CORRIDOR (EXIT 62 OFF I-84)
NORWICH, CT
♦ ♦ ♦
FORMER FRIENDLY’S RESTAURANT 2,531 SF ON .69 ACRES JOIN SHOPRITE, RITE AID, FAMILY DOLLAR, RADIO SHACK & MORE
VERNON, CT
♦ ♦ ♦
4,500 SF FREESTANDING ON 1.4 ACRES GROUND LEASE OR BTS ALSO AVAILABLE NEIGHBORS: STOP & SHOP, KMART, PRICE CHOPPER, TJ MAXX, STAPLES, DOLLAR TREE, FIRESTONE & MORE
Phone: (860) 529-9000 www.newenglandretail.com 150 Hartford Avenue, Wethersfield, Connecticut 06109
most valuable players 7-Eleven Real Estate................................................................... Pg. 5
Directory of Major Malls.......................................................... Pg. 72
Acadia Realty Trust.................................................................. Pg. 25
DLC Management Corp................................................Tip-On Cover
AmCap Incorporated............................................................... Pg. 63
DJM Realty.............................................................................. Pg. 65
American Commercial Realty.................................................. Pg. 47
Dots........................................................................................ Pg. 27
Ascena Retail Group, Inc.................................................. Pgs. 38, 39
Excess Space Retail Services, Inc.............................................. Pg. 29
AutoZone................................................................................ Pg. 20
Feil Organization, The............................................. Pgs. 7, 9, 11, BC
Breslin Realty.......................................................................... Pg. 45
Goldstein Group, The.............................................................. Pg. 81
Brixmor................................................................................... Pg. 35
Hunter Real Estate Brokerage, Inc............................................ Pg. 76
Cedar Realty Trust................................................................... Pg. 21
Hutensky Capital Partners........................................................ Pg. 41
Children of Amerca.................................................... Pgs. 15, 17, 19
Jeffery Realty, Inc..................................................................... Pg. 46
Cohen Commercial Properties......................................................IBC
Katz & Associates.................................................................... Pg. 85
Cohen Real Estate.................................................................... Pg. 47
Kin Properties...................................................................Pgs. 33, 93
Cole Real Estate Investments.................................................... Pg. 37
Learning Experience, The........................................................ Pg. 26
Cullinan Properties, Ltd........................................................... Pg. 69
Legend Properties, Inc............................................................. Pg. 77
Dealmakers, The............................................ Pgs. 78, 86, 90, 92, 94
LMS Commercial Real Estate................................................... Pg. 91
Developers Realty Corporation................................................ Pg. 18
Mehlich Associates.................................................................. Pg. 32
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WLS @ WLS Lighting.com Dealmakers Magazine | www.dealmakers.net
The South Shore of Massachusetts This partnership between business, local government and the Commonwealth provides resources to grow and retain existing businesses, attract new businesses to the region while providing an efficient and consistent response time to businesses seeking assistance. We deliver prime retail locations with great visibility. When it’s all about location, choose the Route 3 corridor stretching from Metro Boston through historic Plymouth all the way to scenic Cape Cod. Whether its taking advantage of existing locations or new development sites, let us guide you through the local development process. We offer free, confidential and professional development services from permitting to employment assistance at any site location. Call us first because we know the region, community by community.
One Stop, One Point of Contact, Your Connection to South Shore Economic Development
Confidential and FREE Regional Business Assistance
Site Location Permitting Financing Incentives Workforce Training Funds Small Business Educational Programming
C a ll D e nis H an k s 508.830.1620
www.southshorecanalredd.com
info@southshorecanalredd.com
most valuable players Merritt Commercial Realty....................................................... Pg. 74
Sabre Real Estate Group........................................................... Pg. 52
Milbrook Properties, Ltd.......................................................... Pg. 67
Schuckman Realty, Inc............................................................ Pg. 13
MPI......................................................................................... Pg. 49
Shopping Center Group, The................................................... Pg. 31
NAI Global.............................................................................. Pg. 83
South Shore Canal Regional Economic Development District..... Pg.97
NAI James E. Hanson............................................................... Pg. 62
Sutton Real Estate Company, LLC............................................ Pg. 68
Nassimi Realty, LLC................................................................. Pg. 89
Talismark................................................................................. Pg. 48
New England Retail Properties, Inc.......................................... Pg. 95
TenantSearch........................................................................... Pg. 88
Niagra Falls Redevelopment, LLC............................................ Pg. 87
Urstadt Biddle Properties, Inc.................................................. Pg. 24
Pliskin Realty and Development, Inc....................................... Pg. 64
Vanguard Realty, Inc............................................................... Pg. 73
Pyramid Brokerage Company.................................................. Pg. 28
Vanguard-Fine, LLC................................................................. Pg. 74
R.J. Brunelli & Co.................................................................... Pg. 42
Weingarten Realty................................................................... Pg. 43
Raymour & Flanigan Real Estate.............................................. Pg. 61
Welco Realty, Inc.............................................................Pgs. 50, 51
RD Management, LLC.......................................................Pgs. 57-60
Westwood Financial Corp....................................................... Pg. 36
Red Bank Rivercenter.............................................................. Pg. 66
Winick Realty Group, LLC.................................................Pgs. IFC, 3
Ripco Real Estate..................................................................... Pg. 79
WLS Lighting Systems.............................................................. Pg. 96
Royal Properties, Inc................................................................ Pg. 75
Zelnik & Company, LLC.......................................................... Pg. 23
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TRANSACTIONS COMPLETED FL
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DAYTONA BEACH, FL | DAYTONA PROMENADE • • • •
152,000 SF Shopping Center Four New Outparcels Available for Sale or Lease PNC Bank Ground Lease for Sale Major Tenants: PNC Bank, Planet Fitness, Bright House Networks, Family Dollar
BIRMINGHAM, AL | ROEBUCK MARKETPLACE PHASE II • •
•
MINNESOTA
ORLANDO, FL | REGENCY VILLAGE • • •
One Acre Outparcel Available for Sale or Lease Across the Street from Chelsea Premium Outlets Major Tenants: Publix, Outback Steakhouse, Walgreens
NAPLES, FL | NAPLES SOUTH PLAZA • •
• • •
EDINA, MN | 3.3 ACRES •
•
9,000 SF Freestanding Building Available for Sale or Lease Major Tenants: ACE Hardware, Dollar General, Anthony’s Apparel
MISSOURI
Two-Level 64,800 SF Retail Building for Sale Ground Floor 100% Pre-leased to Planet Fitness, Dots Apparel, Aaron’s Rentals Adjacent to Walmart Supercenter and 167,000 SF Roebuck Marketplace Phase I
Two Level 63,000 SF Retail Building on 3.3 Acres Available for Sale or Lease Opposite Entrance to Southdale Mall
CONNECTICUT ORANGE, CT | FIRELITE SHOPPING CENTER •
ST. CHARLES, MO | MARK TWAIN VILLAGE
•
306,000 SF Shopping Center Four+ Acres Available for Sale or Lease Major Tenants: Bass Pro Shops, Gordman’s, Texas Roadhouse, Aldi, Buffalo Wild Wings
•
Nu Vita Frozen Yogurt Outparcel Available for Sale The Prime Bank Outparcel Available for Sale Ideal for 1031 Investment
VISIT OUR NEW AND EXPANDED WEBSITE FOR MORE DETAILS WWW.COHEN-COMMERCIAL.COM
ACQUISITIONS & DISPOSITIONS Sam Catton Sr. Director of Acquisitions 212 803 5780 scatton@cohenco.com
NEW JERSEY CLARK NEW YORK RIVERHE WEST HEMPSTEAD LEVITTOWN ELMONT BRO COMMACK GLEN OAKS NEW YORK PATCHOG Once-in-a-Lifetime Retail Flagship Opportunity SAYVILLE ROCKVILLE CENTER TEX At One BROOKLYN of NYC’s Busiest Corners. STEPHENVILLE MISSOURI SAINT LOUIS LOUISIA Up to 37,028 SF Multi-Floor Space Available BATON ROUGE METAIRIE NEW ORLEANS INDIA FORT WAYNE ILLINOIS NORTH RIVERS PENNSYLVANIA PHILADELPHIA PITTSBUR NEW JERSEY CLARK NEW YORK RIVERHE WEST HEMPSTEAD LEVITTOWN ELMONT BRO COMMACK GLEN OAKS NEW YORK PATCHOG SAYVILLE BROOKLYN ROCKVILLE CENTER TEX STEPHENVILLE MISSOURI SAINT LOUIS LOUISIA BATON ROUGE METAIRIE NEW ORLEANS INDIA FORT WAYNE ILLINOIS NORTH RIVERS PENNSYLVANIA PHILADELPHIA PITTSBUR NEW JERSEY CLARK NEW YORK RIVERHE WEST HEMPSTEAD LEVITTOWN ELMONT BRO COMMACK GLEN OAKS NEW YORK PATCHOG SAYVILLE BROOKLYN ROCKVILLE CENTER TEX STEPHENVILLE MISSOURI SAINT LOUIS LOUISIA PROPOSED NEW STOREFRONT
At 14th Street in Union Square
Fourth Floor Third Floor
Potential expansion up to 18,342 additional square feet available
Second Floor
Mezzanine 6,121 SF
Ground Floor 5,898 SF
Selling Basement 6,667 SF
Rare Retailing and Branding Opportunity In the Heart of Union Square
• Pedestrian traffic 150,000 daily
• NYC’s 4th busiest subway station directly at building with 34,245,000 riders per year
Leasing Contact Brian Feil | bfeil@feilorg.com 212.563.6557 x213 Visit www.feil.com/853 for more information.
• Union Square’s Greenmarket attracts 250,000 visitors weekly • Up to 8,316 SF surface branding area facing Union Square
• Adjacent to the country’s highest-grossing Whole Foods store • 126 foot combined frontage on Broadway and 14th Street
Visit us at 137 Rhinelander Gallery at the ICSC NY National Conference.
Owner/Manager 7 Penn Plaza, New York, NY 10001 T 212.563.6557 F 212.563.6657 www.feilorg.com
NOTHING BEATS 50 YEARS OF STABILITY.