Reporting The Nation’s Weekly News on Retailing & Retail Real Estate Volume XXVIII No. XLVIII
December 13, 2013
FEATURING apparel Chains Expand Nationwide 10 Spot / Madrag operates 60 locations throughout AR, CT, FL, MA, MD, NJ, NY, PA, RI and TN. 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 malls, power and strip centers, as well as urban/ downtown 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 201-319-0111; Email: nhoffman@madragstores.com; Web site: www.madragstores.com. South Moon Sales, Inc. trades as South Moon Under at 21 locations throughout CT, DE, MD, NJ, NY, PA and VA. The stores, offering men’s and women’s apparel, accessories, footwear and gift items, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in specialty and tourist centers, as well as urban/downtown areas. Plans call for four to six openings throughout CT, NC, NJ, NY, RI, VA and Washington, DC during the coming 18 months. Typical leases run 10 years with options. Preferred cotenants include Blue Mercury and
Banana Republic. Preferred demographics include a trade-area population earning $100,000 as the average household income. Major competitors include Nordstrom and Bloomingdale’s. For more information, contact Jay Lepselter, South Moon Sales, Inc., 619 Franklin Avenue, Berlin, MD 21811; 410-641-1644, Fax 410-6413725; Email: jlepselter@southmoonunder.com; Web site: www.southmoonunder.com. Lane Bryant trades as Catherines at 400 locations nationwide. The stores, offering women’s plus size casual and career apparel, targeting women ages 45 years and up, occupy spaces of 4,000 sq.ft. in strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Preferred cotenants include Kohl’s, Target and T.J. Maxx. Dress Barn, Inc. trades as dressbarn at 840 locations throughout 48 states in the continental U.S. The stores, offering career and casual apparel and accessories for women ages 35 to 55 years, occupy spaces of 7,500 sq.ft. in malls and community, regional, lifestyle, outlet, power, tourist and strip centers, as well as downtown areas. Plans call for 80 openings throughout the continental U.S. during the coming 18 months. Preferred cotenants include grocery and discount department stores, fashion anchors and soft goods retailers. Preferred demographics include a trade-area (continued on page thirty-six)
This issue contains information on: • Retailers operating 66,240 locations with plans to open 5,834 sites • Real estate valued in excess of $177 million to be bought, sold & financed • Leasing activity on over 9.7 million sq.ft. of retail properties s Postmaster: Periodical New nt a te rt di Impo se Expe Plea
icsc new york national conference Who’s Opening and Where Pollo Tropical to grow by 22 locations........................................ Pg. 4 Observations and Conversations
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State of the Industry...................... Pg. 8 New Construction Prestige Properties is preleasing The Mall at Bay Plaza in the Bronx. Pg. 14 Buyers and Sellers Nassimi Realty acquires retail sites throughout NJ, NY and PA............. Pg. 18 Food Chains Expand Hurricane Grill & Wings to expand nationwide.................................... Pg. 20 Home-Related Chains Expand Sleep Number expanding in locations nationwide..................... Pg. 30 Making the News The Goldstein Group promotes executive vice president and partner........................................... Pg. 46 Lease Signings DLC Management Corp. secures leases throughout AL, GA, IL, IN, MD, NC and VA............................ Pg. 46 Sources of Financing ENVOY NNN offers high-leverage construction loans and equity financing....................................... Pg. 50 Lead Sheet Flywheel Sports to open 30 locations nationwide..................... Pg. 51 UFC Gym opening 100 fitness centers throughout the southeastern, Midwestern and southwestern U.S. Pg. 52 AFC/Doctor’s Express expanding by 100 locations nationwide.......... Pg. 54 Exclusives Summit Realty reps Taco Bell in select markets of NJ and NY.......... Pg. 59 Space Place................................... Pg. 64 ICSC NY Conference Floor Plan....... Pg. 74 Most Valuable Players................... Pg. 96