Dealmakers Magazine | December 11, 2009
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Transcript of Dealmakers Magazine | December 11, 2009
10 Spot / Madrag operates 40 locations throughout CT, FL, MA, NJ, NY, PA and RI. The stores, offering discounted women’s plus size and juniors’ apparel, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in malls, urban/downtown areas and power and strip centers. Growth opportunities are sought 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: [email protected]; Web site: www.10spotplus.com.
My Suit operates two locations in New York and White Plains, NY. The stores, offering tailored suits for men, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in downtown areas. Growth opportunities are sought throughout the Financial District, Rockefeller Center and Columbus Circle areas in New York, NY during the coming 18 months, with representation by Winick Realty Group. For more information, contact Young Byunn, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2645; Email: [email protected]; Web site: www.mysuitny.com.
Dots, LLC trades as Dots at 400 locations throughout the Northeast, Midwest, Southeast and Mid-Atlantic, as well as TX. The stores, offering women’s apparel at affordable prices, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in lifestyle, power, specialty and strip centers. Plans call for 50 openings throughout the northeastern, midwestern, southeastern and southern regions of the U.S. during the coming 18 months. Typical leases run five years with three, five-year options. A vanilla shell is required. Preferred cotenants include grocery stores, Target and Walmart. Preferred demographics include a population of 90,000 within three miles earning $45,000 to $55,000 as the average household income. For more information, contact John Clark, Dots, LLC, 30300 Emerald Valley Parkway, Glenwillow, OH 44139; 440-349-7744, Fax 440-349-7004; Emails: [email protected], [email protected] and [email protected]; Web site: www.dots.com.
Griffin 88 Stores, Inc. trades as Hi-Lites at 15 locations throughout NC and SC. The stores, offering women’s and juniors’ sportswear, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in urban/downtown areas and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Todd Griffin, Griffin 88 Stores, Inc., PO Box 88, Polkton, NC 28135; 704-272-8021, Fax 704-272-8028.
Postmaster: PeriodicalImportant
NewsPlease
Expedite
Volume XXIV No. XLVII December 11, 2009
For more news go to:www.dealmakers.net
Reporting The Nation’s Weekly News on Retailing & Retail Real Estate
FEaTuRiNg
ThIs Issue coNTaINs INformaTIoN oN:* Retailers operating 30,448 locations with plans to open 2,971 sites
* Real estate valued in excess of $122.32 million to be bought, sold & financed* Leasing activity on over 16.744 million sq.ft. of retail properties
Apparel Chains Expand Nationwide
(continued on page forty)
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New ConstructionM&M Realty Partners is redeveloping a center in Brick, NJ ...............................
Observations & Conversations
Profile|The Feil Organization
Profile|Ziff Properties, Inc. ...
Buyers & SellersPyramid Brokerage Co. is selling four properties in Baldwinsville, NY .................
Food Retailers ExpandAmorino Gelato looks for sites in Manhattan, NY .................
Openings7-Eleven looks for sites throughout CA and NY .........
ExclusivesCharter Realty & Development named exclusive leasing agent for Walpole Mall in Walpole, MA ........................
In The NewsSRS Real Estate Partners hired Greg George as a vice president
Lease SigningsCedar Shopping Centers negotiated three leases with Giant Food Stores .................
Space Place ..........................
Lead SheetAutoZone looks for sites nationwide ...........................
Basis plans to open in Manhattan, NY .....................
NY National Conference & Deal Making Floor Plan .......
Most Valuable Players ..........
ICSC New York National Conference
The Dealmakers cares about our environment
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NEC of 39th Street • New York, NY 10016
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Subscribe to our Fall / Winter 2009Exclusive Magazine
For more information please contact exclusive brokers or visit us at the New York ICSC Booth 157
Winick Realty Group LLC - Licensed Real Estate Brokers • 655 Third Avenue • 8th Floor • New York, NY 10017 • Tel: 212-792-2600 • Fax: 212-792-2660ALTHOUGH ALL INFORMATION REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE SUCH INFORMATION HAS NOT BEEN VERIFIED, AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF, AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE.
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Winick Realty Group LLC - Licensed Real Estate Brokers • 655 Third Avenue • 8th Floor • New York, NY 10017 • Tel: 212-792-2600 • Fax: 212-792-2660ALTHOUGH ALL INFORMATION REGARDING PROPERTY FOR SALE, RENTAL OR FINANCING IS FROM SOURCES DEEMED RELIABLE SUCH INFORMATION HAS NOT BEEN VERIFIED, AND NO EXPRESS REPRESENTATION IS MADE NOR IS ANY TO BE IMPLIED AS TO THE ACCURACY THEREOF, AND IT IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE.
2 1 2 - 7 9 2 - 2 6 0 1 W W W . W I N I C K . C O M
JEFF WINICKLORI SHABTAI
RD Management, LLC is preleasing the second phase of Midway Shopping Center, a 280,353 sq.ft. center located at the intersection of University Avenue and Snelling Avenue in St. Paul, MN. Tenants include Rainbow Foods, OfficeMax and Walgreens. The company is also redeveloping Billerica Shopping Center, a 275,000 sq.ft. demalling project located at the intersection of Route 3A/Boston Road and Tower Farm Road in Billerica, MA. Kmart and DeMoulas Supermarket anchor the center. Anchor space is available. The company is also preleasing Vineland Marketplace, a 273,657 sq.ft. project located at the intersection of Route 47/Delsea Drive and College Drive in Vineland, NJ. Inline spaces and outlots are available. The company is also preleasing Orangeburg Commons, a mixed-use project located at the intersection of Route 303 and Palisades Parkway in Orangetown, NY. Anchor and shop spaces are available along with pad sites. Area retail includes Lowe’s Home Improvement. For more information, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Fox Properties is preleasing Piemonte Place, a 62,000 sq.ft. mixed-use center located at the intersection of Ranch Road 620 and Round Mountain Drive in Lakeway, TX. Area retail includes Kids R Kids, WaMu, Taco Bell, Sonic Drive-In, Taco Bell, Starbucks, U.S. Postal Service, Wachovia Bank, Whataburger, CVS, Randall’s, Walgreens and Bank of America. Area demographics include a population of 52,208 within a seven-mile radius earning an average household income of $131,733. Shop spaces and build-to-suit opportunities are available. The company is also preleasing The Shops at Keith Harrow, an 89,020 sq.ft. center located at the intersection of Fry Road and Keith Harrow Boulevard in Houston, TX. Area demographics include a population of 252,364 within a seven-mile radius earning an average household income of $85,134. The average daily traffic count is 30,020 vehicles. For more information, contact Amanda Fox, Fox Properties, 1177 West Loop South, Suite 1670, Houston, TX 77027; 713-622-2007, Fax 713-993-0103; Email: [email protected]; Web site: www.fox-properties.net. For additional information regarding Piemonte Place, contact Carter Perrin, WCF Development; 713-993-0123, Fax 713-993-0103; Email: [email protected]. For additional information regarding The Shops at Keith Harrow, contact Kevin Kuklis; Email: [email protected].
R.J. Brunelli & Co., Inc. is preleasing Summerhill Square, a 193,600 sq.ft. center located in East Brunswick, NJ. Spaces from 1,200 sq.ft. to 60,000 sq.ft. are available. The company is also preleasing The Commons at Marlboro, a 75,000 sq.ft. project located in Marlboro, NJ. Spaces are available from 2,000 sq.ft. to 54,000 sq.ft. The company is also preleasing a 30,000 sq.ft. project located in Toms River, NJ. Spaces from 1,500 sq.ft. to 10,000 sq.ft. are available. The company is also preleasing Woodhaven Plaza, a 117,800 sq.ft. project located in Old Bridge, NJ. Spaces from 1,500 sq.ft. to 80,000 sq.ft. are available. For more information, contact R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-721-9241; Web site: www.njretailrealty.com.
M&M Realty Partners is redeveloping Metedeconk Village, located at the intersection of Pier Avenue and Route 70 in Brick, NJ. Area demographics include a population of 477,259 within a 10-mile radius earning an average household income of $80,222. For more information, contact M&M Realty Partners, 1260 Stelton Road, Piscataway, NJ 08854; 732-985-1900, Fax 732-985-5588.
The Woodmont Co. is redeveloping a 62,016 sq.ft. former Albertson’s site located at the intersection of Texas Avenue and Avondale Road in Bryan, TX. Area retail includes Kroger, Hastings, Family Dollar, H-E-B, Jo-Ann Fabrics, Walmart Supercenter, Citi Trends, Beall’s, Dollar General, Lowe’s Home Improvement and Payless ShoeSource. Area demographics include a population of 143,086 within a five-mile radius earning an average household income of $38,188. The average daily traffic count is 20,410 vehicles. For more information, contact Trip Green, The Woodmont Co., 2100 West 7th Street, Ft. Worth, TX 76107; 817-377-7763, Fax 817-735-4738; Email: [email protected]; Web site: www.woodmont.com.
Nassimi Realty, LLC is developing a 300,000 sq.ft. shopping center located along Parkway Avenue in Ewing Township, NJ. Area demographics include a population of 304,046 within a five-mile radius earning an average household income of $86,022. For more information, contact Nassimi Realty, LLC, 7 Penn Plaza, Suite 1700, New York, NY 10001; 212-643-8080, Fax 212-643-2626; Web site: www.nassimirealty.com.
Lockard Development is developing Renaissance Square, a 460,000 sq.ft. power center with 13 outparcels situated on 67 acres at the intersection of Highway 287 and Berry Street in Ft. Worth, TX. Area demographics include a population of 228,685 within a five-mile radius earning an average household income of $51,509. The average daily traffic count is 67,601 vehicles. For more information, contact David P. Wilson, Lockard Development; 817-332-5100; Email: [email protected].
The Dealmakers TM (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.
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Affiliated with Tenant Search, E.S.P., Properties by FaxCopyright 2009 by TKO Real Estate Advisory Group Inc.
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page 4 December 11, 2009 The Dealmakers www.dealmakers.net
(continued on page eighteen)
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
BROOKLYN HEIGHTS NEWEST WATERFRONT SHOPPING DESTINATION.THIS SPECTACULAR COMPLEX ENCOMPASSES OVER 400 RESIDENCES AND A LUXURIOUS 85 ACRE PARK WITH OVER 500 PUBLIC PARKING SPACES. AT THE HEART OF THIS NEW COMMUNITY IS PRIME RETAIL OVERLOOKING THE MANHATTAN SKYLINE.
THE SHOPS AT
WHERE THE HEIGHTS MEETS THE HARBOR
A BETTER WAY TO PARK AND SHOP
RETAIL SPACE AVAILABLE FROM 800 - 30,000 SQUARE FEET
212•792•2600
DIANA D. BOUTROSSSENIOR MANAGING DIRECTOR
IN PARTNERSHIP WITH:
SSSPANDREL PROPERTY SERVICES, INC
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2009 - the year of the trade-down economy, cheap skate shoppers from all economic levels, flat is the new up, TARP, a year in suspended animation... And 2010, hopefully the turning point to good times ahead! The retail and retail real estate industries have gone
through life altering changes in the past two years. The baseline for retail sales, market rents, LTVs and the feasibility of new construction projects has shifted and the historical expectations of growth have dissipated from setting records year after year to the current state of acceptance that the boom is over and moderate growth to flat sales are the new norm. 2008 set the precedent as the worst holiday season since 1966 and analysts are all over the board with predictions of this year’s Christmas sales.
Two major factors that will affect 2009 holiday retail sales is that 1) there are 18% less credit cards in circulation today versus a year ago and 2) unemployment is at a 26-year high with the national average hovering around 10%, with some areas seeing as much as 15% unemployment rates. My hunch is that 2009 holiday sales will fall between -1% to -2% and that will create even more vacancies during the first half of 2010. (If you don’t like my spread, then you should check out Bookmaker.com - they have an online bet for what the average expenditure will be and how many shoppers will be out on Black Friday. I’m not making this up!) Considering all the bad news our industry has been dealt in the past few years, often I think about opening a 900 number Crisis Hotline for retailers, leasing agents, developers and lenders so they can vent. (Even at $10 a minute, it would be less money than paying for shrink or a divorce attorney.)
I read an article headlined “Last Business Standing” and the writer explained that many retailers that are still in business have survived because their competition didn’t. Think about it, if Linens ‘N Things was still open, what would sales be like at Bed, Bath & Beyond; if Circuit City and Tweeter hadn’t bitten the dust, how well would Best Buy be doing, etc., etc. Next year, retailers will have even less competition as Borders closes 200 Walden Books, Transworld is shutters 125 f.y.e. locations, Blockbuster closes 900 units and Carlyle & Co. shutters its entire 104-unit chain of jewelry stores. These store closings were announced before the 2009 holiday season even began, so brace yourself for the reality that we might see vacancy rates soar during the first half of 2010. The good news is that the balance sheets of the 2010 retail survivors should be strong and by 2011 or 2012, they’ll be on track to open all the good deals they’ve been negotiating during one of the most opportunistic times in decades to find cheap rent. I read a quote that sums up 2009. Richard Green, director of the USC Lusk Center for Real Estate, said, “We need to take the hurt and move on. People who have moved on see an opportunity.”
In my honest opinion, not only do they see opportunities, but they make them. A company that’s capitalizing on real estate opportunities is
DownEast Basics, a 43-unit chain selling basic clothing lines at moderate price points for women and girls. The company just entered the Nevada market and plans to open more locations in the state. Considering Nevada has been amongst the hardest hit states, DownEast Basic’s has the right timing to lock up good sites at the right rent. Retailers and developers are blurring the lines by joining economic forces to fill space and generate sales. The owners of Lormax Stern Development Co. had a vacant Steve & Barry’s in their mall, so they opened their own store, called Wear District, using 27,000 sq.ft. Wear District now operates four stores in Michigan selling name brand apparel at deep discounts. Another concept being launched because of these opportunistic times is Chelsea Manor Intimates. Its parent company, Salem Holdings partnered with Westfield to grow the chain to five units in Southern California next year followed by another 70 units projected to open during 2013. We’ve also seen a few retailers jump into the IPO arena this year in order to raise cash for future store growth. Dollar General, rue21 and Vitamin Shoppe were all well received by investors on Wall Street in the past month, which raises more glimmers of hope. I’m also seeing more prospectuses to invest in start-up retail concepts in the past few months than I have in the last two years combined, which is another good sign that growth is in the future. More and more retailers are using the downturn to enter new markets at favorable terms. Just a few examples include Wakefern, as a means to stretch its supermarket chain’s geographic coverage, is looking at markets in New England, hhgregg is taking on several new markets since Circuit City’s demise left some holes and Variety Wholesalers, a southeastern chain of general merchandise stores is looking at the Philadelphia market. Times may be challenging and general rules of thumb may no longer apply, but that doesn’t mean that you can’t do deals if you are intent on making opportunities happen. I’m also seeing buyers starting to actually close on retail acquisitions rather than just kicking tires. However, the acquisition side of our business remains constipated and there’s no one in a hurry to buy, but I expect around 2013, we’ll see lots of activity of buyers and sellers, along with more opportunities from lenders. Since this is my last column for 2009, I want to wish all of you Happy Holidays and a prosperous New Year! It’s important to take some time to reflect on the good parts of our business and life in general. I know all the “BS” that we all put up with in the normal course of our workday sometimes makes it seem like there is little to be thankful for. But, when I spend the day looking at sites with “real” people that can share a joke or a life story or when I’m at a show and I get to catch up with old friends or when one of the folks on my staff makes me laugh right before I’m about to throw my phone or computer out the window, those are small things that keep an element of humor and sanity to our business. On the personal side of life, I’m so lucky to have incredible friends and people that love me in spite of myself! Everyday, I’m thankful that I have the opportunity to enjoy life and to live well. Again, I hope you have a wonderful holiday and an incredible 2010.
Ann O’Neal, Publisher
The baseline for retail sales, market rents, LTVs and the feasibility of new construction projects has shifted and the historical expectations of growth have dissipated from setting records year after year to the current state of acceptance that the boom is over and moderate growth to flat sales are the new norm.
observatioNs & CoNversatioNs
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The Feil Organization was founded more than 50 years ago when Louis Feil, then a furrier, began a money-lending business as a factor, making loans within the clothing industry. Later, he started lending into the real estate industry and eventually began to acquire real estate throughout New York, NY. Today, from its headquarters along Penn Plaza in Manhattan, NY, the company remains a private lending source and is active in acquisitions, development and property management. The company oversees a portfolio of retail, commercial and residential properties with a total GLA in excess of 25 million sq.ft.
Jeffrey J. Feil serves as the company’s chief executive officer and oversees a Manhattan team including Jay I. Anderson, chief financial officer and executive vice president; Andrew S. Ratner, executive vice president; Brian Feil, vice president of leasing and Randall Briskin, director of leasing along with Feil offices in Chicago, IL and Metairie, LA. The Louisiana office is headed up by Glen Wilson, who oversees the company’s shopping mall portfolio. Ratner oversees the company’s property management and construction management subsidiaries. Briskin and Brian Feil work on leasing and development within the company’s strip center and net leased property portfolio, which presently contains more than 12 million sq.ft. of NNN and retail center properties. The Feil Organization is the entity used for all retail properties, with the company’s other services handled through subsidiaries including Jeffery Management Corp. and Broadwall Management Corp. Brian Feil, representing the third generation of the family in the business, says, “Almost all of our retail business is conducted in house,” with Briskin adding, “Very little of our business is outsourced.” The company recently completed a redevelopment and expansion of Lakeside Shopping Center, located in Metairie, LA just outside New Orleans. Briskin says, “We just added and opened a three-level Macy’s with a parking deck as a third anchor.” The mall, located at the intersection of Veterans Memorial Boulevard and Causeway Boulevard, now features a GLA of 1.154 million sq.ft. and Macy’s joined existing anchors JCPenney and Dillard’s.
Future projects for the company include Carrollton Central Plaza, located along Interstate 10 in New Orleans, LA. Briskin says, “We are just getting this project off the ground. We held the center even before Hurricane Katrina hit
the area, and it has taken the city some time to decide what it wanted the property to become.” Feil says, “The property was a community strip center and we are planning on converting it to a big-box power center.” The two note that the center is located at one of the most trafficked intersections in New Orleans. The company is also retenanting a 700,000 sq.ft. center in Levittown, NY, filling vacancies left by Linens ‘N Things and another anchor. Briskin says, “Losing the tenants we did provided us an opportunity to retenant and remerchandise the center a bit. We are bringing in Michaels and are in talks with a health club, for the majority of the remaining space. We still have about 23,000 sq.ft. that we can use for a junior anchor or divide into shop spaces.”
The company has also taken a co-management opportunity at Bakery Square in Pittsburgh, PA. The mixed-use development will feature a Springhill Marriott hospitality component, a health club, a 300,000 sq.ft. office component and a 135,000 sq.ft. retail component, which the company is currently seeking moderate and mid-price regional and national tenants. Feil says, “With mixed-use centers like Bakery Square, we have learned that it is very important to the office and hospitality tenants to have a mix of regional and national tenants, along with one or two food tenants.” Adds Briskin, “With the economy where it is, a lot of high-end national tenants have slowed their expansion plans, providing opportunities for moderate-price retailers to aggressively expand into centers, like Bakery Square, they would not normally consider due to rent constraints.” All components of the project are slated to open during June 2010.
With an owned retail portfolio GLA in excess of 12 million sq.ft., The Feil Organization is an experienced property manager, and the company has begun to use that experience in third-party situations. Briskin says, “We have been presented with opportunities to take over centers that have come back into the lender’s possession, and in a few instances have had a property come back on a loan we have made.”
He notes the care the company takes in choosing what assignments it takes on. He says, “We like to be as nimble in making decisions with a managed property as we are with a property we own, which requires a level of autonomy that some property owners are not comfortable with. We are very selective in taking on third-party management assignments.”
Nimbleness is a quality that the company places a great importance on. Briskin says, “Being nimble allowed us to excel as a private company as the economy and business environment became increasingly hostile. We were able to move quickly on acquisition opportunities and to address our tenants’ and clients’ needs and concerns.” It is also a quality it sees as a driving force for success across the industry in the coming years. Feil says, “In every downturn, there are retailers that are able to move quickly to take advantage of what opportunities are there and emerge with innovations that allow them a commanding position as things start to recover.”
As signs of economic recovery begin to emerge, the company is cautiously optimistic. Feil says, “We are historically an acquisitions firm, but few opportunities have emerged as of yet. There is still a gap between buyers and sellers, but the next five to 10 years should provide a wealth of opportunities for those positioned to take them.” Briskin says, “There is still a bright future for owning real estate.”
For more information, contact Brian Feil or Randall Briskin, The Feil Organization, Seven Penn Plaza, New York, NY 10001; 212-563-6557, Fax 212-563-6657; Emails: [email protected] and [email protected]; Web site: www.feilorg.com.
To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at [email protected]. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd.
Profile — a moNthly ColumN featuriNg retail real estate ComPaNies
the feil orgaNizatioN — seeiNg a bright future through today’s Cloudsby Nicholas Hamner
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page 10 December 11, 2009 The Dealmakers www.dealmakers.net
The general consensus around this industry is that now is a time to buy. Walk around any show and you will likely hear someone proclaim that this is a “buyer’s market.” Taking stock of what is on the market, whether you call around through your broker network or read through our Buyers & Sellers section that appears in every issue; it becomes readily apparent that the opportunities are not there. This lack of movement has forced many acquisition firms to sit on their hands and build their war chest. Ziff Properties, Inc. is one of these companies, and having weathered the recession, they are ready to grow.
Ziff Properties, Inc. was founded in 1992 by Stephen Ziff and Tim Walter. The two had worked together at Lower East Side Redevelopment, an owner and operator of multifamily properties in Manhattan, NY, which they sold in 1986. The two later crossed paths
while obtaining Masters degrees at Columbia University, and kept in touch as Ziff entered into semi-retirement and travelled the world. In the early 1990s, the two began looking for a new venture and ended up in Charleston, SC. The company is now headquartered in Charleston and maintains offices in Savannah, GA as well as Charlotte and Wilmington, NC.
With Ziff remaining semi-retired, Walter serves as the company’s chief executive officer and principal. He oversees a team including Chuck Bradbury, director of acquisitions; Tim Norton, director of leasing, and Dee Butler, chief financial officer. The company currently maintains a portfolio of 2.5 million sq.ft. of commercial property throughout Florida, Georgia, the Carolinas and Virginia.
One of the draws to the Charleston area for Ziff and Walter was the opportunities present in the area, including the Cigar Factory, which was the company’s initial acquisition. Walter explains, “The Cigar Factory is a historic landmark building in Charleston. It was built in the late 19th Century, initially as a cotton mill, but had been the largest manufacturer of cigars in the U.S. until it closed in the 1960s. We bought it as a partially redeveloped project and turned it into a mixed-use center.” He notes that the company held the property for 12 years, selling it in 2004.
Ziff Properties, Inc. is a long-term holder of properties it acquires. Walter says, “Since 1992,
when we acquired the Cigar Factory, we have owned 3.5 million sq.ft. of property and sold only one million sq.ft.” He says, “Once a property is in our portfolio, we physically improve and intensively manage the property to improve the quality of the tenancy and the level of free cash flow. Once the cash flow is improved, we re-finance the properties and return capital to investors.” He notes that the company is unique among value-added turnaround firms in that it buys to hold, buying for the cash flow created through improved management and selling when the property is fully-optimized or the company forecasts a downturn.
Walter notes that the company prefers to acquire neighborhood centers that fit within the company’s value added discipline. He says, “We look for centers that have seen better days and are tired, with opportunities to improve the tenant mix and the physical appearance.” He notes that the centers the company looks for are priced between $5 million and $15 million, a range he says provides opportunities too complicated for private investors but also outside the coverage of institutional investors. He says, “We do have a good bit of properties with grocery anchors, including five Food Lion properties, but we do not necessarily look for anchored properties. With unanchored centers, we have found that there are more rent increase opportunities. Also, these centers eliminate the risk of ‘the gorilla going dark’.”
With a business model that derives so much income from improving a property’s management and rental rates, Ziff Properties has become an experienced redeveloper of centers. Walter says, “One of the things we always look to improve is the tenant mix. Sometimes we can do that right away, but sometimes we need to make physical improvements to the property before we can attract new tenants.” He says the specific tenant mix and redevelopment strategy is entirely dependent on the property and its unique environment. One strategy the company has used to replace dark anchors on two of its properties is the placement of climate-controlled storage tenants in the spaces. He says, “These draw a fair share of traffic to a property and require very little modification to a site. Also, the bold, bright exterior designs most storage companies use, help draw attention to a property, which benefits all the property’s cotenants.”
Though Ziff Properties, Inc. has an established acquisition criteria, the current economy has them sitting on their hands. Walter says, “As with most firms like ours, we are standing on the sidelines and building our war chest, waiting patiently for the necessary ingredients in the
market to return before we begin acquiring properties again.” He lists pessimistic occupancy projections, insufficiently-motivated sellers and poor financing terms as culprits of the down market. He says, “There is no value assessed for vacancies, right now, and few sellers are willing or able to take the large losses a sale would produce.”
The company entered the recession with a 30% loan-to-value and a 2.6 debt coverage ratio. Walter says, “Like most other owners, our fundamentals are deteriorating. We are looking at another 12 to 18 months of tough lease negotiations and, once the curve stops descending and flattens, the company will bottom with debt at near 60% of value and a 2.10 debt coverage ratio.” The company is also streamlining operations within its offices, doing more with less and shifting human resources to leasing. He says, “With our conservative posture and our streamlining of operations, we feel we are well positioned going forward and will emerge as a smarter and more efficient organization.”
Though a long-time acquisition firm, the company has dabbled in property development in recent years, developing and opening Myrtle Grove Shopping Center, a 300,000 sq.ft. center located in Wilmington, NC. Regarding the company entering the development field, Walter says, “We had to taste it. And we tasted it, and tasted it and tasted it. Myrtle Grove opened as the recession arrived and, though it has been a challenge, it has not materially affected us.” He notes that, along with much of the rest of the industry, the company is currently on the development sidelines.
While the company is safely docked and building up its resources while it weathers the economic storm, its conservative posture and refined business practices have placed it in a position to succeed once the clouds break.
For more information, contact Tim Walter, Ziff Properties, Inc., 200 Wingo Way, Suite 100, Mount Pleasant, SC 29464; 843-724-3500, Fax 843-724-3400; Email: [email protected]; Web site: www.zpi.net.
To feature your company in an upcoming “Profile” in The Dealmakers, contact Ann O’Neal at [email protected]. In your email, please give a brief synopsis of what your company does and what makes it stand out from the crowd.
Profile — a moNthly ColumN featuriNg retail real estate ComPaNies
ziff ProPerties, iNC. — CaroliNa ComPaNy builds for the future while weatheriNg the storm
by Nicholas Hamner
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FO519.Commack DMK 12-11-09 p11 11/11/09 3:21 PM Page 1
Kin Properties is looking to acquire freestanding, single-tenant retail properties nationwide. Suitable properties feature GLAs between 3,000 sq.ft. and one million sq.ft. and tenants with at least three years remaining on the lease term. The company will also consider power centers and sale/leaseback transactions. The company is also selling a 30,565 sq.ft. freestanding building located on Military Road in Benton, AR. The asking price is $750,000. The company is also selling a 4,500 sq.ft. freestanding building located on R Street in Merced, CA. The asking price is $295,000. The company is also selling a 28,660 sq.ft. freestanding building located on Bougainvillea Drive in Rockledge, FL. The asking price is $1.24 million. The company is also selling a 12,000 sq.ft. freestanding building located on Nampa Caldwell Boulevard in Nampa, ID. The asking price is $990,000. The company is also selling a 4,860 sq.ft. freestanding building located on North Vermillion Street in Danville, IL. The asking price is $225,000. The company is also selling a 4,800 sq.ft. freestanding building located on U.S. Highway North in South Bend, IN. The asking price is $395,000. The company is also selling a 19,265 sq.ft. freestanding building located on West 10th Street in Topeka, KS. The asking price is $700,000. The company is also selling a 7,000 sq.ft. freestanding building located on Plymouth Road in Livonia, MI. The asking price is $550,000. The company is also selling an 8,400 sq.ft. freestanding building located on North 24th Avenue in Port Huron, MI. The asking price is $595,000. The company is also selling a 4,000 sq.ft. freestanding building located on Upper Valley Pike Road in Springfield, OH. The asking price is $425,000. The company is also selling a 15,337 sq.ft. freestanding building located on Buffalo Gap Road in Abilene, TX. The asking price is $2.134 million. The company is also selling a 29,100 sq.ft. freestanding building located on Harwood Road in Bedford, TX. The asking price is $950,000. The company is also selling a 5,400 sq.ft. freestanding building located on South Bowen Road in Pantego, TX. The asking price is $395,000. The company is also selling a 3,096 sq.ft. freestanding building located on Park Avenue in Beaver Dam, WI. The asking price is $290,000. The company is also selling an 8,400 sq.ft. freestanding building located on West Brown Deer Road in Brown Deer, WI. The asking price is $599,000. For more information, contact Jeffrey Sandelman, Lee Cherney, Andrew Schreier or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 561-620-9200
Ext. 101/111/103/118, Fax 561-955-9921; Emails: [email protected], l c h e r n e y @ k i n p r o p e r t i e s . c o m . [email protected] and [email protected]; Web site: www.kinproperties.com.
Calkain Cos., Inc. is selling a 30,000 sq.ft. building situated on 5.279 acres along Gateway Centre Parkway in Richmond, VA. The tenant is bound to an eight-year NNN lease featuring one, five-year option and annual rent escalations of 2.5% during the option years. The company is also selling a 5,766 sq.ft. center situated on 0.96 acres along South Main Street in Owenton, KY. McDonald’s and Harper Oil tenant the center. McDonald’s is bound to a 10-year NNN lease commenced during March 2008 featuring six, five-year options and 10% rent escalations at each option beginning with the second. Harper Oil is bound to a 15-year NNN lease commenced during March featuring five, five-year options and 10% rent escalations every five years. The NOI is $136,000. The asking price is $2.176 million with a Cap rate of 6.25%. The company is also selling a 4,403 sq.ft. TD Bank site located in Washington, DC. The tenant is bound to a 20-year NNN lease featuring four, five-year options and 12% rent escalations every five years. For more information regarding the Richmond, VA and Washington, DC properties, contact Rick Fernandez, Calkain Cos., Inc., 11150 Sunset Hills Road, Suite 300, Reston, VA 20190; 703-787-4714; Email: [email protected]; Web site: www.calkain.com. For more information regarding the Owenton, KY property, contact David Sobelman, 500 North West Shore Boulevard, Suite 605, Tampa, FL 33609; 813-282-6000; Email: [email protected].
Pyramid Brokerage Co. is selling four freestanding buildings of 2,641 sq.ft.; 6,140 sq.ft.; 6,840 sq.ft. and 11,800 sq.ft. located along Oswego Street in Baldwinsville, NY. The buildings are available individually or as a portfolio at an asking price of $1.35 million. For more information, contact Bill Evertz, Pyramid Brokerage Co.; 315-445-8528; Web site: www.pyramidbrokerage.com.
NAI Avant is selling a 2.4-acre parcel located along Bypass 72 Northeast in Greenwood, SC. The average daily traffic count is 22,300 vehicles. The asking price is $590,000. For more information, contact Mac Fanning, NAI Avant; 803-744-9840; Email: [email protected].
Lamar Cos. is selling Lincoln Center, an 82,943 sq.ft. center located along North Generals Boulevard in Lincolnton, NC. Bi-Lo, Cato and Shoe Show anchor the center. The NOI is $700,000. The asking price is $7.6 million with a Cap rate of 9.2%. The company is also selling Market on Cherry Road, a 129,518 sq.ft. center located along Cherry Road in Rock Hill, SC. Office Depot, Big Lots, Anna’s Linens and It’s Fashion Metro anchor the center. The NOI is $760,000. The asking price is $8.4 million with a Cap rate of 9%. The company is also selling Palmer Super Center, a 100,696 sq.ft. center located along Nicholas Street in Easton, PA. Redner’s Market, MAB Paints and Bank of America anchor the center. The NOI is $920,000. The asking price is $11.8 million with a Cap rate of 7.8%. The company is also selling Tilghman Square, a 230,296 sq.ft. center located along Broadway in Allentown, PA. AMC Theaters, Staples, Harbor Freight Tools, SuperPetz, Amelia’s Grocery and Planet Fitness anchor the center. The NOI is $1.865 million. The asking price is $20.9 million with a Cap rate of 8.1%. The company is also selling Trussville Marketplace, a 67,325 sq.ft. center located along Main Street in Trussville, AL. Winn-Dixie and Dollar Tree anchor the center. The NOI is $601,000. The asking price is $5.65 million with a Cap rate of 10.6%. For more information, contact Lamar Cos., 365 South Street, Morristown, NJ 07960; 973-285-0660, Fax 973-285-9236; Web site: www.lamarcompanies.com. For additional information regarding the Lincolnton, NC and Rock Hill, SC properties, contact Rob Carter or David Webb, Berkeley Capital Advisors; 704-379-1980; Emails: [email protected] and [email protected]; Web site: www.berkeleycap.com. For more information regarding the Easton, PA property, contact Joe French or Tom Dalzell, Sperry Van Ness; 914-682-6868; Emails: [email protected] and [email protected]. For more information regarding the Allentown, PA property, contact Dan Shabel or Ron Cappello, Fameco; 610-834-8000; Emails: [email protected] and [email protected]. For more information regarding the Trussville, AL property, contact Kevin T. Fryman, Hanley Investment Group; 949-585-7674; Email: [email protected].
eComm Realty is selling a 62-acre development parcel located along Berhman Highway in Gretna, LA. For more information, contact Mark Subervielle, eComm Realty, 708 Clearview Parkway, Metarie, LA 70001; 504-208-9393; Email: [email protected].
buyers aNd sellers
page 12 December 11, 2009 The Dealmakers www.dealmakers.net
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• Nassau County boasts a powerful consumer base of 1,200,000, and annual retail sales are estimated of over $8 billion
Owner/ManagerSeven Penn Plaza, NY 10001 | feilorg.comRandy Briskin | [email protected] 563 6557 x218
FO519.HomeDepot DMK 12-11-09 p13 11/11/09 3:28 PM Page 1
Amorino Gelato operates 25 locations throughout Europe and Asia. The gelato shops occupy spaces of 600 sq.ft. to 1,500 sq.ft. in downtown areas. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Zelnik & Co., LLC. For more information, contact Adam Langer, Zelnik & Co., LLC, 424 Madison Avenue, New York, NY 10017; 212-223-2200; Email: [email protected]; Web site: www.zelnikco.com.
Buffalo’s Franchise Concept trades as Buffalo’s Southwest Café at 40 locations throughout AL, FL, GA, IN, MI, NC, NV, OH, SC and internationally. The casual family dining restaurants, offering roasted chicken, ribs, sandwiches, soups and salads, occupy spaces of 4,500 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout the southeastern region during the coming 18 months. For more information, contact Kevin Kingery, Buffalo’s Franchise Concept, 707 Whitlock Avenue Southwest, Building H, Suite 13, Marietta, GA 30064; Email: [email protected]; Web site: www.buffaloscafe.com.
Apple American Group, LLC trades as Applebee’s at 191 locations throughout CA, DE, IN, NJ, NV, OH, PA, WA and WV. The casual dining restaurants occupy spaces of 5,000 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 20 years with four, five-year options. For more information, contact Lorin Cortina, Apple American Group, LLC, 225 Bush Street, Suite 1470, San Francisco, CA 94104; 415-374-8125, Fax 415-835-0222; Web site: www.appleamerican.com.
Pizzeria Paradiso operates two locations throughout Washington, DC. The pizzerias occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in lifestyle centers and urban/downtown areas. Plans call for one opening in the Washington, DC metropolitan area during the coming 18 months, with representation by Transwestern Commercial Services. For more information, contact Bill Miller, Transwestern Commercial Services, 1667 K Street Northwest, Suite 300, Washington, DC 20006; 202-775-7033, Fax 202-775-7009; Email: [email protected]; Web site: www.eatyourpizza.com.
Darden Restaurants trades as The Capital Grille at 38 locations nationwide. The upscale steakhouse restaurants occupy spaces of 8,000 sq.ft. to 9,000 sq.ft. in urban/downtown areas and suburban areas. Plans call for three to six openings throughout the existing market during the coming 18 months. Typical leases run 10 years. The company prefers to locate near upscale hotels and office buildings. For more information, contact Tom McCarty, Darden Restaurants, 15695 West 67th Place, Arvada, CO 80007; 303-432-0047, Fax 303-432-0064; Web site: www.dardenrestaurants.com.
Giffords Ice Cream & Candy Co. operates six locations throughout Washington, DC. The shops, offering ice cream, candy and pre-packaged goods, occupy spaces of 750 sq.ft. to 1,400 sq.ft. in lifestyle centers. Growth opportunities are sought throughout the existing market during the coming 18 months. For more information, contact Neal Lieberman, Giffords Ice Cream & Candy Co., 8810 Brookville Road, Silver Springs, MD 20910; 800-708-1938, Fax 866-211-9818; Web site: www.giffords.com.
VANICK PROPERTIES INCORPORATED381 Broadway, Westwood, NJ 07675 ~ Tel: 201.666.7710 Fax: 201.666.7714
Nicholas J. Aynilian - President
VPI
[email protected] www.vanickproperties.com
Middlesex, NJ ~ Westmarket Center200,000 SF New Retail & Entertainment Center36,000 SF New Office Space
Aberdeen, NJ ~ New Office Builidng - 5,600 SF
Pittston, PA ~ Pittston Plaza ~ 1.5 Acre Pad on RT 112000 SF - 2,500 SF Stores
Scranton, PA ~ Greenridge Plaza57,000 SF (Divisible); 1,500 SF - 7,500 SF Stores5,000 SF Pad Site
Reading, PA ~ Downtown50,000 SF Mix Use Building
Mt. Holly / Lumberton, NJ ~ Evergreen Plaza 10,000 SF Pad ~ 5,600 SF - 11,000 SF Stores60,000 SF Build to Suit Retail or Office Space
Bethlehem, PA ~ Stefko Blvd. 1,700 SF New Store ~ Good for Cafe
Hazleton, PA ~ Hazleton Shopping Center3,755 SF - 14,000 SF Stores ~ 4,000 SF Pad Site
Selinsgrove, PA ~ RTS 11 & 15 ~ 2,400 SF New Store
Pennsburg, PA ~Pennsburg Square Shopping Center4,000 SF Store
Union, NJ ~ RT 22 ~ Union 22 Town Center4,000 SF - 9,800 SF Stores - 6,000 SF Pad
Scranton, PA ~ Luzerne Street Shopping Center7,300 SF Store
Middlesex, NJ ~ Lincoln Blvd.Office Space 1,200 SF - 4,000 SFWarehouse 1,300 SF - 8,100 SF
Jersey City, NJ ~ Warehouse 36,000 SF
Union City, NJ ~ Store Front 3,000 SFApartments 2 - 3 BedroomsWarehouse 17,000 SF ~ Vacant Lot 30’ x 80’
page 14 December 11, 2009 The Dealmakers www.dealmakers.net
food retailers exPaNd NatioNwide
(continued on page twenty-two)
s paC e i n t H e s q u a r e !600,000 square foot mixed-use center featuring Whole Foods Market*,
Crate and Barrel, Ann Taylor, White House|Black Market, Lucy, Barnes & Noble and The Cheesecake Factory.
Centrally located regional shopping destination within one of the most affluent trade areas in the country.
Doubles the size of West Hartford’s vibrant retail town center.
Excellent accessibility to Greater Hartford and the region via I-84.
West Hartford serves as the shopping and dining destination for Hartford, Connecticut.
Luxury condominiums, rental apartment lofts and Class A office space.
blue baCk square, noW open!
In A Word:re•mark•a•ble \adj. 1. Worthy of
notice or attention.
2. The tenant lineup
at Blue Back Square.
W e s t H a r t f o r d, C o n n e C t i C u twww.bluebacksquare.com
For retail leasing opportunities, please contact:Robin Mosle, Jonathan Dutch or Jan Williams, Samuels & Associates 617.247.3434
Visit us at tHe 2009 neW York idea exCHange on deCember 7tH & 8tH, bootH #218, soutH Corridor
Blue Back Square, a development by Ronus Properties, Street-Works and JDA Development *Development by Carpenter & Company
Whole Foods Market, Inc. (512-477-4455) will open two Whole Foods Market stores in San Jose, CA during the next several years. The company will open a 50,000 sq.ft. grocery store at the intersection of Blossom Hill Road and Almaden Expressway during the summer of 2010. The company originally planned to open a 70,000 sq.ft. store at the site, which was initially slated to open this year. The company is also planning to open a 36,000 sq.ft. market at the intersection of The Alameda and Stockton Avenue during the spring or summer of 2011. The company originally planned to open a 40,000 sq.ft. store with rooftop parking at the site and had slated its opening for 2010.
hhgregg, Inc. (317-848-8710) plans to open a 25,000 sq.ft. hhgregg store in a former Kids “R” Us site in Wilkes-Barre Township, PA during the spring of 2010 as part of a plan to open 20 to 22 stores next year. Additionally, the company plans to open between 40 and 45 units during 2011. The store, offering consumer electronics and household appliances, will be the company’s first in PA. The company currently operates 126 stores throughout AL, FL, GA, IN, KY, MS, NC, OH, SC and TN.
Apple, Inc. (408-996-1010) will open between 40 and 50 Apple stores during 2010, with more than half of the stores opening internationally. The company plans to open significant, its internal term for flagship, locations during the spring and early summer in London, England; Paris, France, and Shanghai, China.
Bed Bath & Beyond, Inc. (516-507-3410) will open 100 stores during 2010 as part of a plan to open 400 stores throughout North America during the next several years. The company currently operates stores under the Bed Bath & Beyond, Christmas Tree Shops, buybuy Baby and Harmon tradenames.
American Apparel, Inc. (213-488-0226) will open four American Apparel stores during the fourth quarter of its 2009 fiscal year, with three of the stores opening before year’s end. The company is also evaluating potential locations for future stores. During its third quarter, the company opened seven stores, including four in the U.S., one in Canada and two internationally, and closed five. The company currently operates 276 stores, offering fashion basics, nationwide and internationally.
Family Dollar Stores, Inc. (704-847-6961) will open Family Dollar stores nationwide during the next several years. The new stores will feature a revised floorplan and improved signage designed to eliminate clutter and make the stores easier to navigate. The company will also renovate older stores to incorporate the new floorplan.
Inditex Group (212-355-1415) will open a Zara store at Block 37, a retail center located along North State Street in Chicago, IL this month. The company recently opened a three-level, 17,500 sq.ft. store, offering men’s, women’s and children’s apparel, along North Michigan Avenue in the Magnificent Mile area of Chicago, IL. The three-level location is the company’s largest nationwide.
7-Eleven, Inc. (972-828-0711) will open a 2,459 sq.ft. 7-Eleven at Western Town Plaza, located at the intersection of Western Avenue and Sepulveda Boulevard in Torrance, CA, during March 2010. The company plans to open 200 convenience stores during 2010, with the majority of the openings located in CA and NY.
In real estate, location is everything. Lincoln, Nebraska’s new address for retail is Yankee Hill Road & South 27th Street. Welcome to Wilderness Hills!
Thoughtfully designed, Wilderness Hills blends traditional and classic architectural elements as well as bold colors creating a warm and inviting streetscape setting. Big box, pad sites and shop space available now.
For information on this exciting new retail project, please contact Cindi Cisar, Don Linscott or Tara Galaviz for Big Box space or for Pad Sites and Shop Space contact Cathi Johnson-Haisch.
Introducing... Wilderness Hills
Grubb & Ellis|Pacific Realty402.467.1234www.gepacificrealty.com
Independently Owned & Operated
page 16 December 11, 2009 The Dealmakers www.dealmakers.net
who’s oPeNiNg aNd where
(continued on page twenty-seven)
Opportunities exist for those who know where to locate them.
433 South Main Street, West Hartford, CT 06110 | developers-realty.com Kelly Voss: [email protected] | T 860.561.0121 F 860.521.4323
Cromwell Avenue Shops Rocky Hill, CTNew strip center anchored by CBT Bank. Great location onCromwell Avenue just off Route 160 and I-91 in HartfordCounty. 11,500 SF office and retail space available with4,200 SF approved for restaurant. Local area tenantsinclude Starbucks, Big Y Supermarket, and CVS.
Cross Pointe Centre Fayetteville, NCLocated at the intersection of US 401 Bypass andMorganton Road, Cross Pointe Centre is a 237,167 SFpower center anchored by Staples, T.J. Maxx, Bed Bath & Beyond, Shoe Carnival, ULTA and A.C. Moore. CrossCreek Mall is directly across the street. Other major retail-ers in the immediate area include Lowe’s, Target, HomeDepot, Kohl’s and Hobby Lobby. 47,355 SF available inpremier endcap space.
Palmerone Farms Newburgh, NY28,800 SF neighborhood center on 10-acre site located at the high-traffic intersection of Routes 300 and 17K near Lowe’s, Home Depot, Kohl’s, Target, Stewart Airportand more. Anchor tenants include Longhorn Steakhouse,Chili’s, Panera Bread, and Verizon. 2,300 SF pad available.
Columbia Plaza Bloomsburg, PA11,578 SF neighborhood center featuring Blockbuster andRita’s Italian Ice. Located on Columbia Boulevard (Route11) just off I-80, 40 miles southwest of Wilkes-Barre andjust 2 miles from Bloomsburg University. 5,800 SF available.
Shops at Old York York County, PANew 16-acre retail development site located on Old YorkRoad right off the Pennsylvania Turnpike. 75,000 SF avail-able along with two 1.5-acre pads, adjacent to operatingCVS. Will build to suit. The entire site is fully approved andalso available for an outright sale.
New Town Shops on Main Williamsburg, VA253,000 SF retail center located on Monticello Avenue inthe heart of a 365-acre mixed-use community featuring1.7 million SF of specialty retail, office, residential andentertainment. Join Barnes & Noble, Buffalo Wild Wings,Regal Cinemas, Panera Bread, Lane Bryant and many more!1,171 to 10,778 SF retail space available. Two 9,000 SFon-site land parcels available for sale for office/retail.
Visit us at 488 Americas Hall II at the ICSC New York Deal Making!
DR39.Desert Ad DMK 12-11-09 11/5/09 4:37 PM Page 1
Royal Properties, Inc. is redeveloping a shopping center located on Route 59 in Airmont, NY. Spaces from 20,000 sq.ft. to 60,000 sq.ft. are available. The company is also redeveloping Fairgrounds Plaza, located on Route 211 in Middletown, NY. Shop spaces from 18,000 sq.ft. to 100,000 sq.ft. are available along with a pad site. The company is also preleasing Main Street Commons, located on Route 6 in Peekskill, NY. Spaces from 1,000 sq.ft. to 15,000 sq.ft. are available. Tenants include AutoZone. The company is also preleasing Ashton Park, located on Route 9. Spaces from 2,400 sq.ft. to 18,000 sq.ft. are available along with pad sites. For more information, contact Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com.
Legend Properties, Inc. is preleasing a mixed-use center featuring an 18,000 sq.ft. retail component in addition to a luxury multi-family component located at the intersection of Broad Street and Fitzwater Street in Philadelphia, PA. Spaces of 1,451 sq.ft.; 1,499 sq.ft.; 1,854 sq.ft.; 2,356 sq.ft.; 4,889 sq.ft. and 6,774 sq.ft. are available. Area demographics include a population of 165,761 within a 1.5-mile radius earning an average household income of $57,999. The average daily traffic count is 22,000 vehicles. The asking rent is $45 psf with CAM and taxes of $2.85 psf. The center is slated to open during February 2010. For more information, contact Lars Kerstein, Legend Properties, Inc., 1535 Chestnut Street, Suite 300, Philadelphia, PA 19102; 215-599-0312, Fax 215-599-0316; Email: [email protected]; Web site: www.lpre.com.
Princeton Partners is developing The Village at Bellwood Lake, a 650,000 sq.ft. retail center located at the intersection of Loop 323 and New Sunnybrook Drive in Tyler, TX. Trade-area demographics include a population of 694,793 earning an average household income of $52,041. The average daily traffic count is 44,000 vehicles. The company is also developing Eldorado at Stonebridge, a 22-acre mixed-use project located at the intersection of Eldorado Parkway and Stonebridge Parkway in McKinney, TX. Area draws include McKinney Methodist Hospital. Area demographics include a population of 153,494 within a five-mile radius earning an average household income of $115,130. For more information, contact Princeton Partners, 4445 Alpha Road, Suite 106, Dallas, TX 75244; 972-233-0408; Web site: www.ppretx.com.
Metro Commercial Real Estate, Inc. is preleasing The New Darby Town Center, located along North MacDade Boulevard in Darby, PA. A 10,875 sq.ft. space is available. Area demographics include a population of 593,826 within a five-mile radius earning an average household income of $51,679. The average daily traffic count is 16,000 vehicles. For more information, contact Mike Murray, Metro Commercial Real Estate, Inc., Eight Tower Bridge, 161 Washington Street, Suite 375, Conshohocken, PA 19428; 610-260-2669, Fax 610-825-5156; Email: [email protected]; Web site: www.metrocommercial.com.
NAI Isaac Commercial Properties is preleasing The Lex, a 27,046 sq.ft. mixed-use center situated on eight acres at the intersection of South Broadway and Newtown Pike Extension in Lexington, KY. Spaces of 1,200 sq.ft. to 8,000 sq.ft. are available. Area draws include the University of Kentucky and Blue Grass Airport. Area demographics include a population of 103,850 within a three-mile radius earning an average household income of $48,358. The average daily traffic count is 34,163 vehicles. The asking rent ranges from $20 psf to $26 psf with CAM ranging from $2.50 psf to $3 psf and taxes of $2 psf. The center is slated to open during March 2010. For more information, contact John P. Miller, NAI Isaac Commercial Properties, 771 Corporate Drive, Suite 300, Lexington, KY 40503; 859-224-2000, Fax 859-224-0848; Email: [email protected]; Web site: www.naiisaac.com.
Armstrong Development Properties, Inc is preleasing the retail component of a mixed-use center situated on 14 acres at the intersection of Chandler Boulevard and Dobson Road in Chandler, AZ. Area retail includes Lowe’s Home Improvement, Best Buy, Target, Bed Bath & Beyond, Costco, Chandler Festival, featuring Nordstom Rack, Ross Dress for Less, T.J. Maxx, PetSmart and OfficeMax, and Chandler Fashion Center, featuring Nordstrom, Barnes & Noble, Harkins Theatres, The Cheesecake Factory, Sears, Gap and Banana Republic. Area demographics include a population of 306,464 within a five-mile radius earning an average household income of $88,229. The average daily traffic count is 154,397 vehicles. For more information, contact Martin Hedstrom, Armstrong Development Properties, Inc., 1500 North Priest Drive, Suite 150E, Tempe, AZ 85281; 602-385-4100, Fax 602-385-4101; Email: [email protected]; Web site: www.armstrongdev.com.
Grubb & Ellis New Mexico is preleasing Unser Crossing, a 500,000 sq.ft. project located at the intersection of Central Avenue and Unser Boulevard in Albuquerque, NM. Anchor, junior anchor and shop spaces are available along with restaurant and retail pad sites. Area retail includes Smith’s Food & Drug Stores, Walgreens, Albertsons and Kmart. Area demographics include a population of 176,266 within a five-mile radius earning an average household income of $46,771. The asking rent ranges from $26 psf NNN to $30 psf NNN. For more information, contact Bob Feinberg, Tom Jones or Jeremy Nelson, Grubb & Ellis New Mexico, 2424 Louisiana Boulevard Northeast, Suite 300, Albuquerque, NM 87110; 505-238-7707 or 505-880-7063/ 7061; Emails: [email protected], [email protected] and [email protected]; Web site: www.grubb-ellis.com.
Developers Realty Corp. is preleasing Shops at Old York, a development situated on 16 acres along Old York Road in York County, PA. Shop spaces totaling 75,000 sq.ft. are available along with two 1.5-acre pad sites. Area retail includes CVS. For more information, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: [email protected]; Web site: www.developers-realty.com.
The Gardens of Grapevine, LP is developing World Villages of Grapevine, a mixed-use project located at the intersection of Grapevine Mills Boulevard and State Highway 2499 in Grapevine, TX. The project includes residential, hospitality, office, horticultural and retail components. Area demographics include a population of 2.929 million within a 20-mile radius earning an average household income of $92,072. The average daily traffic count is 150,000 vehicles. For more information, contact The Gardens of Grapevine, LP, 2591 North Dallas Parkway, Suite 203, Frisco, TX 75034; Email: [email protected].
Mall Properties, Inc. is preleasing Peninsula Town Center, a mixed-use center located in Hampton, VA. Tenants include Target, Macy’s and JCPenney. The company is also preleasing Mercury Plaza, located in Hampton, VA. For more information, contact Mall Properties, Inc., 654 Madison Avenue, New York, NY 10065; 212-935-1330, Fax 212-832-5369; Email: [email protected]; Web site: www.mallproperties.com.
page 18 December 11, 2009 The Dealmakers www.dealmakers.net
New CoNstruCtioN
(continued from page four)
DM
Southpace Net Lease Advisors, LLC is selling the following Dollar General sites: in Eufaula, AL for $997,300 with a Cap rate of 8.75%; in Evergreen, AL for $955,000 with a Cap rate of 8.75%; in Anderson, IN for $925,700 with a Cap rate of 8.75%; in Argos, IN for $679,000 with a Cap rate of 8.75%; in Ft. Wayne, IN for $962,900 with a Cap rate of 8.75%; in Muncie, IN for $960,000 with a Cap rate of 8.75%; in Benton, MO for $835,200 with a Cap rate of 8.75%, and in Braymer, MO for $844,000 with a Cap rate of 8.75%. For more information, contact Southpace Net Lease Advisors, LLC, 300 North 21st Street, Suite 900, Title Building, Birmingham, AL 35203; 205-326-2222.
Acadia Realty Trust is looking to acquire mixed-use and retail centers throughout major metropolitan areas along the East Coast. Suitable properties are priced above $10 million and feature grocery or discount anchors and value-added potential. The company will consider single properties as well as portfolios. For more information, contact David Robinov, Acadia Realty Trust; 800-227-5570; Email: [email protected].
Net Property Group, LLC is selling a shopping center located at the intersection of Route 31 and Halstead Street in Clinton, NJ. Area demographics include a population of 34,775 within five miles earning $151,915 as the average household income. For more information, contact Net Property Group, LLC, 116 Route 22, North Plainfield, NJ 07060; 908-226-0123; Web site: www.netpropertygroup.com.
The Simon Cos. is looking to acquire raw land throughout GA, NC, SC and VA. Suitable properties range from 10 acres to 20 acres and are located near existing shopping centers. For more information, contact Ben Simon or Kevin Tucker, The Simon Cos.; 757-340-3669, Fax 757-631-9155; Email: [email protected].
Partners Investment Properties, on behalf of a client, is looking to acquire six Walgreens sites located throughout CT, MA, NH and RI. Suitable properties are less than two years old. For more information, contact Joseph Cawley, Partners Investment Properties; 800-965-9281, Fax 800-965-9546; Web site: www.pipre.com.
Berwyn Development Corp. is selling a 12,300 sq.ft. site located along Oak Park Avenue in Berwyn, IL. Area demographics include a population of 680,437 within a five-mile radius earning an average household income of $66,742. The average daily traffic count is 11,300 vehicles. The asking price is $800,000. The company is also selling two parcels, an 18,289 sq.ft. building situated on a land area of 38,000 sq.ft. and a 16,122 sq.ft. building situated on a land area of 50,000 sq.ft., along Ogden Avenue in Berwyn, IL. Area demographics include a population of 217,404 within a three-mile radius earning an average household income of $66,832. The average daily traffic count is 33,900 vehicles. The asking price for the 38,000 sq.ft. parcel is $2.1 million and the asking price for the 50,000 sq.ft. parcel is $2.6 million. The company is also selling a 2,900 sq.ft. building and an adjoining 5,000 sq.ft. parcel located along Roosevelt Road in Berwyn, IL. Area demographics include a population of 760,699 within a five-mile radius earning an average household income of $66,529. The average daily traffic count is 22,400 vehicles. The asking price is $750,000. The company is also selling a 6,500 sq.ft. retail building and an adjacent 11,000 sq.ft. parcel located along Stanley Avenue in Berwyn, IL. Area demographics include a population of 650,453 within a five-mile radius earning an average household income of $67,231. The asking price is $1.9 million. The company is also selling a 6,136 sq.ft. retail building and an adjacent 5,900 sq.ft. parcel located along Cermak Road in Berwyn, IL. Area demographics include a population of 715,819 within a five-mile radius earning an average household income of $66,639. The average daily traffic count is 30,300 vehicles. The asking price for the building is $950,000. The asking price for the adjacent parcel is $700,000. The asking price for the portfolio of the two properties is $1.3 million. The company is also selling a 2,500 sq.ft. mixed-use center located along Stanley Avenue in Berwyn, IL. Area demographics include a population of 654,067 within a five-mile radius earning an average household income of $67,121. The asking price is $329,000. For more information, contact Berwyn Development Corp.; 708-788-8100; Email: [email protected]; Web site: www.berwyn.net.
Millennium Properties, Inc is selling a 7.1-acre parcel located in Elgin, IL. For more information, contact Susan B. Silver, Millennium Properties, Inc., 20 South Clark Street, Suite 630, Chicago, IL 60603; 312-338-3001, Fax 312-338-3008; Email: [email protected].
buyers aNd sellers
page 20 December 11, 2009 The Dealmakers www.dealmakers.net
(continued on page forty-two)
(continued from page twelve)
AEI has been buying existing, to-be-built, and/or sale-leaseback net lease properties
nationwide for more than three decades. And we’ve always been all-cash. No debt
means quick decisions, fast closings and no delays.
When it comes to commercial acquisitions, no one stacks up to AEI. For more
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And we pay in cash.
CALL 651-227-7333OR EMAIL [email protected] Quality Investments. Quality Performance. Since 1970.
Dealmakers_AEI_BUYING_OneThirdPage_AD.indd 1 10/4/07 3:46:05 PM
Visit us at rcsrealestate.com or call us at 877 728 3736.
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14861 RCS Ad-Dealmakers_Sept09.indd 1 7/21/09 9:09:47 AM
Bassett’s Original Turkey operates 18 locations throughout MD, NJ, NY and PA. The quick, casual restaurants occupy spaces of 400 sq.ft. to 800 sq.ft. in malls, entertainment and tourist centers and urban/downtown areas. Plans call for four openings within 100 miles of Philadelphia, PA during the coming 18 months, with representation by Great American Brokerage. Preferred demographics include a population of 250,000 within five miles earning $60,000 as the average household income. Bistro at Cherry Hill operates three locations throughout NJ and the Philadelphia, PA metropolitan area. The restaurants occupy spaces of 3,500 sq.ft. in malls and downtown areas. Growth opportunities are sought within 100 miles of Philadelphia, PA during the coming 18 months, with representation by Great American Brokerage. Preferred cotenants include Macy’s, Neiman Marcus and Nordstrom. Donut Depot operates four locations throughout Nassau, NY. The donut shops occupy spaces of 500 sq.ft. to 1,500 sq.ft. in freestanding locations, strip centers and urban/downtown areas. Plans call for 12 openings throughout Bronx, Nassau, Suffolk and Westchester counties in NY during the coming 18 months, with representation by Great American Brokerage. The company prefers sites with a drive-thru. Grill Fire operates two locations in Nassau and West Suffolk, NY. The restaurants occupy spaces of 3,500 sq.ft. to 5,000 sq.ft. in endcaps, freestanding locations and inline spaces. Growth opportunities are sought throughout Nassau and Suffolk, NY during the coming 18 months, with representation by Great American Brokerage. Muscle Maker Grill operates 12 locations throughout NJ and NY. The restaurants, offering sandwiches, salads, pasta and wraps, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in inline spaces and strip centers. Growth opportunities are sought throughout NJ, Long Island and the New York, NY and greater Philadelphia, PA metropolitan areas during the coming 18 months, with representation by Great American Brokerage. Preferred cotenants include Bally’s Total Fitness, LA Fitness, NYSC, Retro Fitness, Reebok and Work Out World. Philly Steak & Gyro operates 12 locations throughout MD, NJ, the Philadelphia, PA metropolitan area and Washington, DC. The restaurants occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in airports, food courts, strip centers and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Great American Brokerage. Rockwell’s Express operates one location in Westchester County, NY. The restaurant, offering gourmet
burgers, occupies spaces of 2,000 sq.ft. to 3,000 sq.ft. in endcaps, freestanding locations, inline spaces, regional malls and central business districts. Growth opportunities are sought throughout Fairfield County, CT and Westchester County, NY during the coming 18 months, with representation by Great American Brokerage. Smokin’ Al’s Famous BBQ Joint operates two locations in Nassau and Suffolk, NY. The restaurants occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in freestanding locations, power and strip centers, and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Great American Brokerage. For more information, contact Paul Fetscher, Great American Brokerage, 100 West Park Avenue, Long Beach, NY 11561; 516-889-7200, Fax 516-889-5113; Email: [email protected]; Web site: www.restaurantexpert.com.
Chili’s operates 1,400 locations nationwide and internationally. The casual dining restaurants occupy spaces situated on a land area of 1.4 acres in freestanding locations, lifestyle and power centers and outparcels. Growth opportunities are sought throughout southern IL and MO during the coming 18 months, with representation by L3 Corp. For more information, contact Jay Cohen, L3 Corp., 12655 Olive Boulevard, Suite 220, St. Louis, MO 63141; 314-469-7400, Fax 314-576-9768; Email: [email protected]; Web site: www.l3corp.net.
Juice It Up Corp. trades as Juice It Up at 120 locations throughout AZ, CA, CO, NY and TX. The shops, offering fruit-and tea-based smoothies, vegetable juices, protein bars, healthy snack items and organic coffee, occupy spaces of 800 sq.ft. to 1,200 sq.ft. in malls and entertainment, lifestyle and power centers, as well as urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 10 years with two, five-year options. Preferred cotenants include Home Depot, Lowe’s Home Improvement, Target and Walmart. Preferred demographics include a population of 100,000 within three miles earning $60,000 as the average household income. Major competitors include Jamba Juice. For more information, contact Carol Skinner, Juice It Up Corp., 17915 Skypark Circle, Suite J, Irvine, CA 92614; 949-475-0146, Fax 949-475-0137; Email: [email protected]; Web site: www.juiceitup.com.
page 22 December 11, 2009 The Dealmakers www.dealmakers.net
food retailers exPaNd NatioNwide
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424 MADISON AVENUE | NEW YORK, NY 10017 | PHONE: 212.223.2200 | FAX: 212.223.0004 | www.zeln ikco.com
LOYALTY.
INTEGRITY.
DISCIPL INE .
FOCUS .
RETAIL .
THE LANDSC A PE MAY C HA NGE. . .
. . .YET CERTAIN FUNDA MENTA LS HOLD C ONSTANT.
New Street Realty Advisors (212-251-0626) represents Hale and Hearty in the restaurant chain’s expansion throughout the Midtown, Midtown South, Times Square, Financial District, Penn Plaza, SoHo, Tribeca, Nolita, 6th Avenue, Upper East Side and Upper West Side areas of Manhattan, NY, utilizing spaces of 1,100 sq.ft. to 1,800 sq.ft. plus basement.
Capital Retail Group (202-319-2884) represents Philly Dawgz with the restaurant chain’s expansion for a franchisee throughout northern VA and Washington, DC. The hot dog restaurants occupy spaces of 800 sq.ft. to 1,400 sq.ft. in retail centers and business districts. The company also represents Bella Bridesmaid with the chain’s expansion throughout Bethesda, Chevy Chase and Clarendon, MD; the Old Town area of Alexandria, VA and northwestern Washington, DC. The stores, offering a selection of bridesmaid’s dresses, occupy spaces of 700 sq.ft. to 1,000 sq.ft. in downtown/urban locations and streetfronts.
Charter Realty & Development (203-227-2922) was appointed by RP Realty Partners, LLC as the exclusive leasing agent for Walpole Mall, a 391,000 sq.ft. regional mall located in Walpole, MA. Anchors include Kohl’s and LA Fitness.
McKinley (734-769-8520) has been appointed receiver for Washington Plaza, a 92,000 sq.ft. center located in Washington, IN with an IGA grocery store and Dollar General serving as anchors. The company was also appointed receiver for a 30,000 sq.ft. retail center located in Plymouth, MI.
Aries Deitch & Endelson, Inc. (914-949-2800) represents the following retailers with their expansion plans throughout NY: Panera Bread, throughout Dutchess, Orange, Putnam, Rockland and Westchester counties, seeking spaces of 4,000 sq.ft. to 4,700 sq.ft.; TJX Cos., throughout Dutchess, Orange, Putnam, Rockland and Westchester counties, seeking spaces of 10,000 sq.ft. to 12,000 sq.ft. for Marshalls Mega Shoe Store locations, 25,000 sq.ft. to 30,000 sq.ft. for Marshalls and T.J. Maxx locations and 25,000 sq.ft. for HomeGoods locations; KeyBank, throughout Dutchess, Putnam and Westchester counties, seeking sites of 4,000 sq.ft. to 4,500 sq.ft. in freestanding locations, and AT&T Mobility, throughout Putnam and Westchester counties, utilizing spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding locations and endcaps of power centers.
Weiss Realty (201-814-1800) was appointed exclusive leasing and management agent for Shoppes at Colonial Village, located at the intersection of Route 27 and Parsonage Road in Edison, NJ.
page 24 December 11, 2009 The Dealmakers www.dealmakers.net
exClusives aNd leasiNg assigNmeNts
DM
A national WOMEN’S specialty retailer.
The company operates more than 400 stores in 26 states.Dots three year growth plan includesopening new stores in all 26 states.
Site 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
* More than 400 stores!
* 26 STATES! Real Estate Contacts
Kyle Koenig
440-349-7040
Director of Real Estate
John Clark
440-349-7744
Director of Store Development
Alex Glantzis 440-424-2513 [email protected] Estate Representative www.dots.com
C
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NYDEALMAKERS1209quoteFINALolLEFTPage 1 10/28/09 11:14:35 AM
Forever 21, Inc. (213-741-5100) will open a Forever 21 store in a 150,000 sq.ft. former Gottschalks space at Fashion Fair Mall in Fresno, CA during 2010. The opening will replace an existing smaller store in the mall. The company recently opened an 85,500 sq.ft. store in a former Gottschalks site at Hanford Mall in Hanford, CA. The stores feature women’s and men’s apparel.
Kohl’s Corp. (262-703-7000) will open a Kohl’s department store in a former Mervyn’s site at Sierra Vista Mall, located in Clovis, CA. The company was originally slated to open a store in a 491,000 sq.ft. Walmart Supercenter-anchored development located at the intersection of Herndon Avenue and Highway 168 in Clovis, but withdrew after litigation against the development placed the opening date in question. The company plans to break ground on the site during February 2010 and open during the fourth quarter. The company currently plans to open 30 stores during 2010 and remodel another 65, though it may open and remodel more if economic conditions improve during the year. The company currently operates 1,059 stores nationwide, including 121 in CA.
Wal-Mart Stores, Inc. (479-273-4000) is planning to open stores in Galt and Lodi, CA during the next several years. The discount retailer plans to open a Walmart Supercenter at the intersection of Kettleman Lane and Lower Sacramento Road in Lodi, CA. The store would anchor a 13-building, 340,000 sq.ft. development that has been subject to continued legal obstructions by community groups. The company also plans to open a 132,000 sq.ft. Walmart along Twin Cities Road in Galt, CA. The store will feature a grocery department but will not be considered a Supercenter. The company originally planned to build a Galt store as an anchor to a 400,000 sq.ft. development located Highway 99 between Boessow Road and Simmerhorn Road, but purchased the Twin Cities Road site when development plans fell through.
Doctor’s Associates, Inc. (203-877-4281), through a franchisee, will open a Subway restaurant in a portion of a former Fuzio Universal Bistro site at The Shops at River Park, located in Fresno, CA, later this month. The restaurant will feature the company’s Tuscany II design, which includes couches and upholstered booths.
Wohlner’s Market and Deli (402-551-6875) will open a grocery store at Midtown Crossing at Turner Park, a 220,000 sq.ft. mixed-use development situated on 15 acres at the intersection of 33rd Street and Dodge Street in Omaha, NE. The store, slated to occupy 16,200 sq.ft. and open during August 2010, will feature butcher, deli and beer and wine departments in addition to offering grocery items. The tenant will join Prairie Life Fitness, Marcus Midtown Cinema and Fashion Cleaners at the center. The opening will be the company’s second location.
Nordstrom, Inc. (206-628-2111) will open a 122,000 sq.ft. Nordstrom store at Christiana Mall in Newark, DE during the spring of 2011. The upscale department store will occupy an anchor space formerly tenanted by Strawbridge’s.
rue21, Inc. (724-776-9780) plans to open 100 rue21 stores nationwide during 2010, as part of a plan to operate 1,000 stores by the end of 2013. The company currently operates 500 stores, offering fashion apparel and accessories for teenage girls and young women, nationwide throughout 43 states.
who’s oPeNiNg aNd where
www.dealmakers.net The Dealmakers December 11, 2009 page 27
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Cedar Shopping Centers, Inc. (516-944-4525) signed a 20-year lease with Giant Eagle for 83,600 sq.ft. at Townfair Center, a 211,440 sq.ft. center located in Indiana, PA. The tenant joins Lowe’s Home Improvement. The company also signed leases with Giant Food Stores for a 97,900 sq.ft. Giant at Blue Mountain Commons, a 125,000 sq.ft. center situated on 22 acres on Linglestown Road in Harrisburg, PA, and a 76,415 sq.ft. Giant at Crossroads II, a 133,775 sq.ft. center located at the intersection of Route 611, Route 33 and Interstate 80 in Stroudsburg, PA.
LaKritz-Weber & Co. (248-353-9494) negotiated a lease with Jimmy John’s for 1,600 sq.ft. at Dutton Retail Shoppes, located at the intersection of Lapeer Road and Dutton Road in Auburn Hills, MI. The company represented the tenant and the landlord, Dutton South Shoppes, in the transaction.
Grubb & Ellis|Commercial Florida (813-639-1111) negotiated a lease with Café 100 for 2,022 sq.ft. at City Center, located along 2nd Avenue South in St. Petersburg, FL. The company represented the landlord, Behringer Harvard Real Estate Investments, and the tenant in the transaction.
Regency Properties (812-424-9200) signed a lease with Buffalo Wild Wings for 7,000 sq.ft. at Seymour Plaza, located along East Tipton Street in Seymour, IN.
Main Street Property Services (925-299-8170) negotiated a lease with Lark Shoes for 1,404 sq.ft. along Sir Francis Drake Boulevard in San Anselmo, CA. The company represented the tenant and the landlord, San Anselmo Shopping Center, in the transaction.
Velocity Retail Group (602-682-8170) negotiated leases with Goodwill Industries of Central Arizona, Inc. for a total of 118,000 sq.ft. at the following intersections in AZ: Main Street and Recker Road in Mesa, Peoria Avenue and 35th Avenue in Peoria; Southern Avenue and 35th Avenue in Phoenix, and Warner Road and Kyrene Road in Tempe. Additionally, the company negotiated two leases with Goodwill Industries of Central Arizona, Inc. for donation centers at the intersection of Union Hills and Loop 101 Freeway in Glendale, AZ and the intersection of Broadway and Rural Road in Tempe, AZ. The company represented the tenant in the transactions.
SRS Real Estate Partners (949-698-1100) hired Greg George as vice president of the company’s Newport Beach, CA office. Prior to joining the company, he oversaw new store development for Dick’s Sporting Goods throughout 10 states in the western U.S.
The Long & Foster Cos. (703-653-8356) hired Darryl Schroeder to the position of controller of affiliated businesses. The position was recently created, and the company’s affiliated businesses include Prosperity Mortgage Co., Walker Jackson Mortgage Corp., Long & Foster Insurance Agency, Inc. and Long & Foster Settlement Services. Prior to joining the company, Schroeder served at Stewart Title Co. of FL as that company’s chief financial officer and chief information officer.
Zifkin Realty Group (312-575-8650) hired Jennifer Fitzpatrick as senior vice president within the company’s Retail Brokerage Group. She will focus on assisting retailers and landlords within the Chicago, IL metropolitan area in developing strategic real estate solutions. Prior to joining the company, Fitzpatrick served as a managing partner at Blatteis & Schnur. The company is an independent retail brokerage firm located in Chicago, IL with coverage throughout the Midwest.
page 28 December 11, 2009 The Dealmakers www.dealmakers.net
lease sigNiNgs
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DM (continued on page thirty-two)
• Airmont/Suffern, NY – Route 59 Shopping Center redevelopment. 20,000 – 60,000 SF Avail.
• Airmont / Suffern, NY – Route 59 – Colonial Square 1,500 – 5,600 SF Avail. Join Trustco, Planet Fitness, Alto Music.
• Brooklyn, NY – Nostrand Ave. – between Ave. Y & Z 1,500 – 4,000 SF Avail. High traffic. Across from Pathmark.
• Cornwall, NY – Quaker Ave. (Hwy 107) – Cornwall Plaza 1,900 – 7,300 SF Avail. Join Key Food, DD, Bank of America, & USPS
• Harriman, NY – Rte. 17/6 – Woodbury Centre Join Kohl’s, Modell’s, Michael’s, Staples & Eileen Fisher. 12,000 – 31,000 SF Avail.
• Hopewell Junction, NY – Route 82/376 – Hopewell Plaza Join CVS & GNC. 3,800 SF & Pad site Avail. Recently renovated.
• Mamaroneck, NY – Boston Post Rd. (Rte 1) 2,000 SF Free Standing Retail Building
• Mamaroneck, NY – Boston Post Rd. (Rte 1) – Seaport Plaza 6,920 SF end cap Avail. Join Subway & The UPS Store. High traffic & visibility
• Middletown, NY – Rte 211 – Fairgrounds Plaza Redevelopment Underway. 18,000 – 100,000 SF & Pad Site Avail.
• Newburgh, NY – Route 300 – Newburgh Towne Center Join Super Stop & Shop, Marshall’s & Dress Barn. 1,400 SF Avail.
• Newburgh, NY – N. Plank Rd. (Rte. 32)-Shop Rite Plaza Join Shop Rite & Bank of America. 1,600 – 8,100 SF Avail.
• Nyack, NY – Main Street Sublease from Chase Bank – 3,300 SF Avail.
• Patterson, NY – Rte 22 – Patterson Commons 1,890 SF & Pad site Avail.. Join A&P, Dunkin’ Donuts and Dollar Tree
• Pawling, NY – Rte. 22 – Pawling Park New Shopping Center. 1,750 – 13,000 Avail. Drive-thru possible.
• Pearl River, NY – E. Central Ave. Sublease from Chase Bank. 3,600 SF Avail. Opposite Train Station.
• Peekskill, NY – Route 6 – Main Street Commons New Construction. Join Auto Zone. 1,000 – 15,000 SF Avail.
• Poughkeepsie, NY – Route 9 – Ashton Park New Development on Rte. 9. Great Visibility. 2,400 SF – 18,000 SF & Pad Sites.
• Saugerties, NY – Route 212/32 – Saugerties Plaza Join CVS, Blockbuster & Subway. 2,200 – 32,400 SF & Pad Site Avail.
• Tappan, NY – Rte 303 500 – 3,200 SF Avail. High traffic site located on border of Bergen Cty., NJ
• Wappingers Falls, NY – Route 9 – Lafayette Plaza 1,520 – 10,000 SF Avail. 45K cars per day. Near Kohl’s & Hannafords.
• Yonkers, NY – Central Ave. – Centfort Plaza Join GameStop, Vitamin Shoppe & Dunkin’Donuts. 1,700 – 5,000 SF Avail.
• Yonkers, NY – Main Street – New Construction at Waterfront 4,000 SF Avail. Join Key Bank, Retro Fitness & Verizon FIOS.
• Avon, CT – W. Main St. – Nod Brook Mall 800 – 3,000 SF & Pad site Avail. Join Michael’s, Marshalls, 99 Restaurant
• Branford, CT – W. Main St. – Branhaven Plaza Join A & P, Kohl’s, GAP, Payless Shoes & GameStop. 6,115 SF Avail.
• Derby, CT – Pershing Drive, ShopRite Plaza Join ShopRite, Angel Tips, Petland & Pay-Half. 3,700 & 5,500 SF Avail.
• Middlebury, CT – The Crossroads at Middlebury East 1,200 – 3,300 SF Avail. Excellent visibility and easy access on Straits Tpke.
• Newington, CT – Berlin Tpke. – JoAnn’s Plaza Join JoAnn’s, Big Lots, Modell’s. 1,200 – 4,400 SF Avail.
• Norwalk, CT – Route 1 – ShopRite Plaza Join ShopRite, Barnes & Noble, GNC & UPS. 2,500 – 20,000 SF Avail.
• Orange, CT – Firelite Shopping Center Newly renovated. 1,500 SF pad site. 800 – 4,000 SF in-line.
• Stamford, CT – Rte. 1 – Shop Rite Plaza Join Shop Rite, Dunkin’ Donuts and Blockbuster. 2,000 & 3,500 SF Avail.
• Waterbury, CT – Wolcott St. – Fair Oaks Plaza 1,400 – 12,500 SF Avail. Join Aaron Rents & Kool Smiles. High traffic location
850 Bronx River Road • Bronxville, NY 10708 • (t) 914-237-3403 • (f) 914-237-0196www.RoyalPropertiesInc.com
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The Cato Corp. (704-551-7470) plans to open 46 Cato and It’s Fashion stores during its 2009 fiscal year. During the first two quarters, the company opened 12 stores and closed eight. The company recently opened an It’s Fashion Metro store at Alexandria Mall, located along Masonic Drive in Alexandria, LA. The stores offer clothing for men, women and children along with shoes and accessories. The company currently operates 1,290 stores nationwide throughout 31 states, including 27 throughout LA.
McDonald’s Corp. (630-623-3000) will open 1,000 McDonald’s fast-food restaurants nationwide and internationally during 2010, and will remodel 2,300 existing stores. The company currently operates 32,000 restaurants nationwide and throughout 100 countries internationally.
Ross Stores, Inc. (925-965-4400) plans to open a 30,312 sq.ft. Ross Dress for Less in a former Circuit City site located at Riverside Towne Center, located in Riverside, CA, during May 2010. The discount clothing store will join Big 5 Sporting Goods at the center.
Sephora USA, Inc. (415-284-3300) will open a 6,000 sq.ft. Sephora store at Block 37, a retail center located along North State Street in Chicago, IL. The tenant will join Anthropologie, Puma, Steve Madden, Swarovski, L’Occitane en Provence, Michelle Tan, Claudia Kleiner Malabar Collection, GNC, Simply Thalia, Local Charm, Spirit of the City, Accent Chicago, iCandylicious, The Comic Vault, Bleeding Heart Bakery and Alternative Shoes at the center, and all are slated to open before year’s end. The tenants are opening even as the center is under a foreclosure lawsuit filed by the lender during October.
Costco Wholesale Corp. (425-313-8000) will open a Costco in Queens, NY during 2010. The warehouse club will join Target and Marshalls at a center located at the site of a former wire factory in the East Harlem area of Queens. The company recently opened its first site in Manhattan, along East 116th Street, last month. The company currently operates 562 stores nationwide and internationally, including three in New York, NY with stores in Brooklyn, Queens and Staten Island.
DownEast Outfitters, Inc. (801-467-7520) will open DownEast Basics stores throughout NV during the next 12 to 18 months. The company opened a store at The District at Green Valley Ranch, located along Village Walk Drive in Henderson, NV last month. The stores offer modest fashion apparel for women and girls. The company currently operates 43 stores, trading as DownEast Basics and DownEast Home & Clothing Outlet, throughout AZ, CA, ID, NV, UT and WA.
Dillard’s, Inc. (501-376-5200) delayed its plans to open a Dillard’s department store at Colonial Pinnacle Nord du Lac, a multi-phased project located at the intersection of Interstate 12 and Louisiana 21 in Covington, LA. The store was scheduled to open with the first phase of the center during October 2010, but has postponed the plans indefinitely. The store would join Kohl’s, Dick’s Sporting Goods and Barnes & Noble at the center. P.F. Chang’s, Copeland’s Cheesecake Bistro, Olive Garden, Talbots, Coldwater Creek, Chico’s, Cache, Jos. A. Bank, Buckle, Ulta, The Finish Line, Mignon Faget, Journeys and Paris Parker-Aveda may open with the first phase.
page 30 December 11, 2009 The Dealmakers www.dealmakers.net
who’s oPeNiNg aNd where
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Watt Commercial Properties (888-310-9288) negotiated a 10-year lease with 7-Eleven for 2,459 sq.ft. at Western Town Plaza, located at the intersection of Western Avenue and Sepulveda Boulevard in Torrance, CA. The convenience store is slated to open during March 2010. The company also negotiated a 10-year lease with Ross Dress for Less for a 30,312 sq.ft. former Circuit City at Riverside Towne Center, located in Riverside, CA. The tenant joins Big 5 Sporting Goods. The company also negotiated five-year leases with: Giftable for 1,791 sq.ft. at New Horizons Plaza, located in Torrance, CA; Ketna’s Beauty & Threading at Norwalk Plaza, located in Norwalk, CA, and Classic Cigar for 900 sq.ft. at Canyon Village Plaza, located in Anaheim, CA. The company also negotiated a three-year lease with Dollar + for 900 sq.ft. at Anaheim Towne Center, located in Anaheim, CA. The company also negotiated the following lease renewals: for five years with AutoZone for 4,020 sq.ft. at Balden Towne Plaza, located in Fillmore, CA; for one year with Papa Z’s for 3,000 sq.ft. at Magnolia Plaza, located in Fountain Valley, CA; with Launderland Coin Laundry for 2,880 sq.ft. at Crenshaw Plaza, located in Los Angeles, CA; for five years with Detail Escrow, Inc. for 1,200 sq.ft. and for three years with Papa John’s for 1,200 sq.ft. at Sadie Lane Shopping Center, located in Artesia, CA, and for five years with LA’s Insurance Services for 958 sq.ft. at Compton Town Center, located in Compton, CA.
Colliers Arnold Commercial Real Estate Services (727-442-7184) negotiated a lease with Hawkeye Pizza for 1,400 sq.ft. at Hays Towne Center, located at the intersection of State Route 52 and Hays Road in Land O’Lakes, FL. The company represented the landlord, Hayvest LLC, in the transaction. The company also negotiated a lease with Sloppy Joe’s Daytona Beach, LLC for 9,198 sq.ft. at Ocean Walk, located along North Atlantic Avenue in Daytona Beach, FL. The company represented the landlord, Carlsberg Management Co., in the transaction. The company also negotiated a lease with Bonus Club for 1,200 sq.ft. at Barton Commons, located along Barton Boulevard in Rockledge, FL. The company represented the landlord, Emmes Realty Services, LLC, in the transaction. The company also negotiated a lease with Right Hear Florida, LLC for 1,174 sq.ft. at Crossroads, located along Columbia Boulevard in Titusville, FL. The company represented the landlord, Duke Realty, in the transaction.
page 32 December 11, 2009 The Dealmakers www.dealmakers.net
lease sigNiNgs
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For more information, please contact: Charles Hirsch [email protected] LiPuma [email protected] | Rubin Pikus [email protected] Bayview Avenue | Manhasset, NY 11030 | T 516.869.1240 F 516.869.8576 | www.milbrookproperties.com
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FLORIDACoral Springs Court | Coral SpringsStonegate Bank,Huntington Learning Center 629 SF – 2307 SF
Flamingo Market Place | Pembroke PinesBravo, 21st Century Oncology,U.S. Post Office1200 SF – 4855 SF
FMS Corners | Pembroke PinesQuiznos, Hear X, Asian Buffet 1985 SF – 2535 SF
Hollywood Palms | HollywoodPublix, Walgreens,Dade Medical College 1140 SF – 9600 SF
Shoppes at Margate | MargateSuper Food Store, Florist1500 SF – 10000 SF
Shoppes at Pembroke | Pembroke PinesMichaels, Weight Watchers1200 SF – 3840 SF
NEW JERSEYAviation Marketplace | LindenTarget, Home Depot, ShopRite,AMC Theatres6000 SF – Restaurant Out Parcel
Edison Plaza | EdisonShopRite, Party Fair, Capital One Bank2816 SF – 4400 SF
Princeton Meadows | PlainsboroAsian Food Market, Subway,Kumon Learning1163 SF – 2000 SF
Royal Plaza | East WindsorCity Streets Café, Citi Financial, Allstate950 SF – 2000 SF
NEW YORKAdams Commerce Plaza | HauppaugeDunkin’ Donuts, Pomodorino, Blimpie1200 SF
Baldwin Square | BaldwinBest Buy, Applebee’s800 SF – 4200 SF
Bay Shore Commons | BayshoreStop & Shop, Rent-A-Center, Blockbuster1450 SF – 13000 SF
Bethpage Commons | BethpageDMV, Autobarn, Dunkin’ Donuts3025 SF – 5000 SF
Bohemia Commons | BohemiaIGA, Lucille Roberts, CVS 800 SF
Kenmor Plaza | SeafordBlockbuster, Flynn & O’Hara Uniforms2013 SF
Lake Shore Plaza | Lake RonkonkomaWaldbaum’s, Radio Shack, Chase Bank 9614 SF
Nanuet Mall South | NanuetPremier Fitness, Jenny Craig,Quest Diagnostics1500 SF
Spring Valley Marketplace | Spring ValleyMichaels, Bed Bath & Beyond,Christmas Tree Shops1174 SF – 4400 SF
Tali Plaza of Nyack | NyackRiverspace Arts Theater, Subway,H&R Block1339 SF – 2289 SF
RETAIL AVAILABILITIES
MB09.Boxer Ad DMK 12-11-09 11/5/09 4:48 PM Page 1
Renaud Consulting (703-404-2346) negotiated a lease with Subway for 1,400 sq.ft. at Kernstown Commons Shopping Center, located in Winchester, VA.
The Lightstone Group (908-668-8300) negotiated a lease extension with Sears Hardware for 8,000 sq.ft. at New Smyrna Beach Shopping Center, a 101,321 sq.ft. center located at the intersection of U.S. Route 1/South Dixie Freeway and Sixth Street in New Smyrna Beach, FL. The tenant joins EPIC Beacon Theatre, Parts Depot, Dollar General, Sherwin Williams and McGee Tire.
NAI Houston (713-985-4627) negotiated a lease with SUA, Inc. for a 1,474 sq.ft. T-Mobile Limited along Green Oak Drive in Kingwood, TX. The company represented the landlord, Kingwood Pavilion Green Oak, Ltd., in the transaction.
Sansone Group, Inc. (314-727-6664) negotiated a five-year lease with InsureOne for 1,226 sq.ft. at Buzz Westfall Plaza on the Boulevard, located along West Florissant Avenue in Jennings, MO. The company represented the landlord, a subsidiary called Sansone Plaza on the Boulevard, LLC, in the transaction.
Vita & Vita Realty Corp. (973-227-5233) signed leases with WindowRama for 3,000 sq.ft. and with Leisure Fitness for 4,500 sq.ft. at Plaza 46, located along Route 46 East in Fairfield, NJ. The company also signed leases with: GNC for 1,600 sq.ft.; Leila’s Beauty for 1,700 sq.ft.; Keystone Novelties and Bob Martin’s Nursery at Hills Plaza, located along Route 322 at State College, PA. The company also signed a lease with Dollar Tree for 12,000 sq.ft. at Broad Street Centre, located at the intersection of Route 41 and Route 70 South in Murfreesboro, TN. The company also signed leases with Kid to Kid for 3,150 sq.ft. and Ace Hardware for 12,000 sq.ft. at Hills Plaza South, located along Rolling Ridge Drive in College Township, PA. The company also signed a lease with Capital One Bank for 3,000 sq.ft. at Lincoln Park Plaza, located along Route 202 in Lincoln Park, NJ.
Cafaro Co. (330-747-2661) negotiated leases with Kitchen Collection at: Frenchtown Square Mall, located in Monroe, MI; Governor’s Square Mall, located in Clarksville, TN; Kentucky Oaks Mall, located in Paducah, KY, and Kennedy Mall, located in Dubuque, IA.
NAI Friedland Realty (914-968-8500) negotiated a 20-year lease with IHOP for a 5,000 sq.ft. space at Central Plaza Shopping Center, a 150,000 sq.ft. center located along Central Park Avenue in Yonkers, NY. The company represented the tenant and Ripco Real Estate Corp. represented the landlord, Ashkenazy Acquisitions Corp., in the transaction. The tenant joins Barnes & Noble, Marshalls, Shoe Megashop, Party City, Mandee, McDonald’s, Modell’s and Pizzeria Uno at the center. The company also negotiated a 20-year lease with Key Food for 11,000 sq.ft. along White Plains Road in Bronx, NY. The company represented the landlord, The Arker Cos., and the tenant in the transaction. The company also negotiated a five-year lease with Bella Beauty Supply for 3,000 sq.ft. along North Avenue in New Rochelle, NY. The company represented the tenant and the landlord, 207 North, LLC, in the transaction. The company also negotiated a five-year lease with Verizon FIOS for 2,900 sq.ft. along Bronxwood Avenue in Bronx, NY. The company represented the landlord, Bronxwood Parking Corp., and Cushman & Wakefield represented the tenant in the transaction. The company also negotiated a 10-year lease with Rockfort Jamaican Restaurant & Bakery for 800 sq.ft. along East Tremont Avenue in Bronx, NY. The company represented the tenant in the transaction.
lease sigNiNgs
Serving the New Jersey and New York Retail Marketplace
We Pride Ourselves In The Company We Keep*
At Weiss Realty we understand the site selection process, from identifying the “prime” retail site location to zoning analysis, architectural and engineering studies, due diligence reporting and lease negotiations.
To learn more about our Retail Real Estate Services Contact; Jaime M. Weiss, (C) 201/615-0474 [email protected]
Matthew B. Weiss, (C) 917/309-7861 [email protected]
Or Visit Us On The Internet at www.JWeissRealty.com
*A partial list of Weiss Realty transactions
Weiss Realty is the Exclusive Leasing & Managing Agent for the Shoppes at Colonial Village. 832 to 2,182 Sq. Ft. of Prime Retail Space are available for lease. For more information regarding available retail space call Matthew B. Weiss/ Jaime M. Weiss – 201-814-1800
Route 27 & Parsonage Rd • Edison, NJ
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Papa’s Pizza To Go, Inc. trades as Papa’s Pizza To Go at 70 locations throughout AL, GA, MS, NC, SC, TN and VA. The pizzerias occupy spaces of 2,000 sq.ft. to 5,000 sq.ft. in entertainment and strip centers. Growth opportunities are sought throughout GA and NC during the coming 18 months. A vanilla shell and specific improvements are required. Preferred cotenants include grocery stores. Major competitors include CiCi’s Pizza, Domino’s Pizza, Little Caesar’s and Papa John’s. The company is franchising. For more information, contact Sam Askar, Papa’s Pizza To Go, Inc., 4465 Commerce Drive, Suite 101, Buford, GA 30518; 770-614-6676, Fax 770-614-9095; Web site: www.papaspizzatogo.com.
freshii operates 17 locations throughout Chicago, IL and Toronto, Ontario, Canada. The restaurants, offering custom-made salads, wraps and rice bowls, as well as soups, burritos and breakfast items, occupy spaces of 500 sq.ft. to 1,500 sq.ft. in endcaps, freestanding locations and strip centers. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by BCD. Typical leases run 10 to 15 years. The company prefers to locate in high profile midtown and downtown locations. Expansion is franchise-driven. For more information, contact Alexandra Turboff, BCD, 115 East 23rd Street, 6th Floor, New York, NY 10010; 212-260-5210 Ext. 16, Fax 212-260-5211; Email: [email protected]; Web site: www.bcdevelopment.com.
Panda Express operates 1,263 locations nationwide. The quick service restaurants, offering Chinese food, occupy spaces of 2,100 sq.ft. in endcaps and 2,450 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought throughout Broward, Martin, Palm Beach and St. Lucie counties in FL during the coming 18 months, with representation by The Rotella Group. The company prefers to locate in centers anchored by grocery stores or major retail or entertainment tenants. Preferred demographics include a population of 45,000 within two miles. The company prefers to locate in sites with an average daily traffic count of 45,000 vehicles. For more information, contact Bill Pace or Steve Miller, The Rotella Group, 3300 North Federal Highway, Suite 200, Ft. Lauderdale, FL 33306; 954-568-9015, Fax 954-568-9597; Emails: [email protected] and [email protected]; Web site: www.rotellagroup.com.
Fortney Cos. trades as Brothers Bar and Grill at 19 locations throughout CO, IA, IL, IN, KS, KY, MN, NE, OH and WI. The restaurant/bars occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding locations, entertainment centers, inline spaces, central business districts and urban/downtown areas. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by UrbanSpace Commercial Properties. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include bar/restaurants and entertainment venues. The company will consider sites in college towns with enrollments above 15,000. For more information, contact Gary Perel, UrbanSpace Commercial Properties, 238 South Meridian Street, Suite 201, Indianapolis, IN 46225; 317-208-2690, Fax 317-876-1447; Email: [email protected]; Web site: www.urbanspaceusa.com.
Pinkberry operates 75 locations throughout CA, NY and TX. The frozen yogurt shops occupy spaces of 1,000 sq.ft. in urban/downtown areas and streetfronts. Plans call for three to five openings throughout Boston, MA during the coming 18 months, with representation by Bialow Real Estate, LLC. The company prefers to locate in areas with high pedestrian traffic and visibility and a dense residential population. For more information, contact Corey Bialow, Bialow Real Estate, LLC, 60 Wells Avenue, Suite 100, Newton, MA 02459; 617-928-9423, Fax 617-964-5318; Email: [email protected]; Web site: www.bialow.com.
Coast to Coast Commercial trades as Sonic Drive-In at one location in Mission Viejo, CA. The fast food restaurants occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in freestanding locations and pad sites. Plans call for four openings throughout Los Angeles and Orange counties in CA during the coming 18 months. Preferred demographics include a population of 25,000 within 1.5 miles earning $40,000 as the median household income. A land area of 30,000 sq.ft. is required. The company prefers to locate in areas with an average daily traffic count of 45,000 vehicles. For more information, contact Brandon Wesselink or Devon Wesselink, Coast to Coast Commercial, 26400 La Alameda, Suite 106, Mission Viejo, CA 92691; 949-680-4302/4303, Fax 949-680-4300; Email: [email protected]; Web sites: www.sonicdrivein.com and www.coast2coastcommercial.com.
page 36 December 11, 2009 The Dealmakers www.dealmakers.net
Conceiving andDevelopingQuality RealEstate for 40Years
Mall Properties, Inc.654 Madison AvenueNew York, NY 10065
Telephone: 212.935.1330Fax: 212.832.5369
Peninsula TownCenterHampton, Virginiawww.peninsulatowncenter.com
AD1_Dealmakers_Dec09.qxp:AD1 Dealmakers May 10/30/09 2:18 PM Page 1
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HotelsColumbus, OH (Easton)Hilton Columbus,Courtyard by Marriott,Residence Inn by Marriott
Marco Island, FLHilton Marco Island
Baton Rouge, LACourtyard by Marriott,Residence Inn by Marriott
Fairfax, VAMarriott
C U R R E N T P R O J E C T S
Introducing Peninsula Town Center, Hampton, VirginiaMall Properties is proud to announce the 2009/2010 opening of Peninsula TownCenter. The modern, energetic mixed-use development features Target, Macy’sand JCPenney, top restaurants, leading specialty shops and office space, as well asupscale residential units set around beautifully landscaped parks.Mercury Plaza, Hampton, VirginiaOpportunities for anchor and in-line spaces are available now at Mercury Plaza.Located on one of the busiest retail thoroughfares in the Tidewater/HamptonRoads area, the $250 million dollar redevelopment of Peninsula Town Center isexpected to attract even more retail growth to Mercury Plaza, adjacent to thearea’s only Bass Pro Shop.
Akers Mill Square (400,000 sf)—Cobb County, AtlantaBed Bath & Beyond, Sports Authority, Toys “R” Us, OfficeMax, LA Fitness, Party City
The Mall at Cortana (1,650,000 sf)—Baton RougeDillard’s, JCPenney, Macy’s, Sears
Cortana Square & Fringe (370,000 sf)—Baton RougeWal-Mart, Lowe’s, Babies “R”Us, Old Navy, Bed Bath & Beyond, Shoe Carnival,Guitar Center, Office Depot
Siegen Lane Marketplace (1,000,000 sf)—Baton RougeWal-Mart, Sam’s, Lowe’s, Bed Bath & Beyond, Old Navy, T.J. Maxx, Kohl’s, Chili’s,Chuck E. Cheese’s, Wendy’s, Courtyard by Marriott, Residence Inn
Sicily’s Plaza (27,500 sf)—Baton RougeSicily’s Italian Buffet, Oreck Vacuum, Honey Baked Hams, GameStop
West Plaza, Glendive—Kmart
Fashion Center, Paramus—Bed Bath & Beyond, T.J. Maxx
Great South Bay (500,000 sf)—Babylon, Long IslandBed Bath & Beyond, Marshalls, Old Navy, Ann Taylor Loft, Panera Bread,Bath & Body Works, The Children’s Place
King Kullen Plaza, Babylon, Long Island—King Kullen, Rite Aid
Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie,Victoria’s Secret, J. Crew, Sephora, Bebe, H&M
Northway Mall (600,000 sf)—Colonie (Albany)Target, Marshalls, Jo-Ann Etc, Staples, David’s Bridal, BJ’s Wholesale Club, Petco,Dress Barn, Eddie Bauer Outlet
Parkchester Retail District—Bronx650,000 sf. of Retail Shops with Macy’s, Offices and over 12,000 Apartments
Savoy Shops—Third Avenue, 60th-61st Streets, New York City65,000 sf. of Retail Shops, California Pizza Kitchen, Dylan’s Candy Bar
St. David’s Square (217,000 sf)—St. David’s, PhiladelphiaT.J. Maxx, Bed Bath & Beyond, HomeGoods, Genuardi’s, Micro Center
Mercury Plaza (350,000 sf)—HamptonBurlington Coat Factory, Texas Steakhouse & Saloon, Cracker Barrel Old Country Store,Wachovia Bank, GNC, Supercuts
Coliseum Square (43,000 sf)—HamptonLane Bryant
ResidentialParkchester, Bronx, NY12,271 Apartments
650,000 Square Feet of Retail
Georgia
Louisiana
Montana
New York
Pennsylvania
Virginia
New Jersey
Visit our booth: 170 Rhinelander Gallery, ICSC New York Deal Making
AD2_Dealmakers_Sept09.qxp:AD2 Dealmakers Dec 10/30/09 2:17 PM Page 1
Talk of the Walk, Inc. trades as Talk of the Walk at six locations throughout FL and NJ. The stores, offering high-end women’s apparel, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in tourist centers within resort areas. Growth opportunities are sought nationwide during the coming 18 months. Preferred cotenants include upscale retailers. For more information, contact Geoffrey Lovitz, Talk of the Walk, Inc., 410 South Main Street, Pleasantville, NJ 08232; 609-641-4400, Fax 609-641-5530; Email: [email protected]; Web site: www.talkofthewalk.com.
Crazy Shirts operates 40 locations throughout CA, FL, HI, NV, SC and internationally. The stores, offering apparel and accessories for men, women and children, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in specialty, strip and tourist centers. Growth opportunities are sought throughout CA, FL, HI, VA and SC during the coming 18 months, with representation by Townsend & Associates. For more information, contact Michael Rielly, Townsend & Associates, 5757 Wilshire Boulevard, Suite 300, Los Angeles, CA 90036; 310-286-9945, Fax 323-904-6302; Email: [email protected]; Web site: www.crazyshirts.com.
dressbarn operates 800 locations throughout 46 states nationwide. The stores, offering off-price women’s apparel, including dresses, sportswear, casual wear and accessories, occupy spaces of 8,000 sq.ft. in power centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. Jos. A. Bank operates 450 locations nationwide. The stores, offering men’s tailored and casual apparel, footwear and accessories, occupy spaces of 4,500 sq.ft. in freestanding locations, lifestyle centers and outparcels. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. The company will also consider mall locations with exterior entrances. Rainbow operates 1,000 locations nationwide. The stores, offering discounted apparel for juniors, plus sizes and children, occupy spaces of 4,000 sq.ft. in power centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp. For more information, contact Jay Cohen, L3 Corp., 12655 Olive Boulevard, Suite 220, St. Louis, MO 63141; 314-469-7400, Fax 314-576-9768; Email: [email protected]; Web site: www.l3corp.net.
American Apparel operates 240 locations nationwide and internationally. The stores occupy spaces of 3,000 sq.ft. in enclosed malls and lifestyle centers. Growth opportunities are sought throughout Canada during the coming 12 months, with representation by Think Retail. For more information, contact Tony Flanz, Think Retail, 6600 Decarie Boulevard, Suite 210, Montreal, Quebec, Canada H3X 2K4; 514-731-7936, Fax 514-731-0122; Email: [email protected]; Web site: www.thinkretail.ca.
European Creations, Ltd. trades as Aldila at 10 locations throughout Canada. The women’s apparel stores occupy spaces of 1,200 sq.ft. in regional malls and strip centers. Plans call for three openings throughout British Columbia and Calgary, Canada during the coming 18 months. Typical leases run five years. Preferred cotenants include women’s apparel retailers. Preferred demographics include a population of 200,000 within five miles earning $60,000 as the average household income. For more information, contact Hasan Sarihan, European Creations, Ltd., 12240 Horseshoe Way, Suite 14, Richmond, British Columbia, Canada, V7A 4X9; 604-275-0440, Fax 604-275-0433; Email: [email protected].
aPParel ChaiNs exPaNd NatioNwide
Visit our website at www.autozonerealestate.com for additional informationSTORE DEVELOPMENT DEPT. | P.O. BOX 2198 | MEMPHIS, TN 38101 | FAX: [901] 495–8969
©2009 AutoZone, Inc. All Rights Reserved. AutoZone and design are registered marks of AutoZone Parts, Inc.
AutoZone, a publicly-traded Fortune 500 company, is the #1 auto parts retailer in America. We have over 4,100 stores in 48 states, the District of Columbia and Puerto Rico in
the U.S. and over 150 stores in Mexico.
+ Stores typically range from 6,500 square feet to 8,000 square feet
+ Must accommodate between 25 and 40 uncongested, customer-friendly parking spaces
+ We require up-front, high-impact locations with excellent visibility & access from adjacent streets
+ Land purchases, ground leases, existing space, and build-to-suit opportunities considered
TIMES LIKE THESE
CALL FOR AUTOZONE!CALL FOR AUTOZONE!
Growing Strong...Over 4,300 stores, and we open more every week
Stores That Are 100% Company Owned And Operated...No franchisees
Financially Disciplined...We make the right decisions to protect our shareholders
Reliable...Whether purchase money or rent, our funds will be there...on time, every time
Rock Solid...AutoZone continues to grow and prosper during these challenging times
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Smith Attaway Co., LLC negotiated the sale of a 9,180 sq.ft. Family Dollar site located in Marietta, SC. The tenant is bound to a 10-year NN lease commenced during December 2006 featuring five, five-year options and 10% rent escalations at each option. For more information, contact Sean Molloy, Smith Attaway Co., LLC, 3455 Peachtree Road Northeast, The Pinnacle Building, Suite 500, Floor Five, Atlanta, GA 30326; 404-995-6700, Fax 678-669-2412; Email: [email protected]; Web site: www.smithattaway.com.
Piedmont Realty Association is selling a 14,550 sq.ft. Walgreens situated on 1.5 acres along East Main Street in Lincolnton, NC. The tenant is bound to a 25-year lease set to commence during November 2010. Area retail includes CVS, Belk, Walmart and Aldi. Trade-area demographics include a population of 50,000. The NOI is $445,914. The asking price is $6.2 million with a Cap rate of 7.2%. For more information, contact Bill Spurrier, Piedmont Realty Associates, 2671 East Main Street, Lincolnton, NC 28092; 704-736-4340; Email: [email protected].
Marcus & Millichap Real Estate Investment Services negotiated the sale of a 19,097 sq.ft. Tractor Supply Co. situated on a 3.698-acre parcel along Jandy Boulevard in Nazareth, PA. The tenant is bound to a 15-year NN lease with 10% rent escalations every five years. Jandy Boulevard Limited Partnership acquired the property for $3.5 million from TKC CVII, LLC. The company represented the seller and the buyer in the transaction. For more information, contact Marcus & Millichap Real Estate Investment Services, 1628 JFK Boulevard, Suite 1200, Philadelphia, PA 19103; 215-531-7000, Fax 215-531-7010; Web site: www.marcusmillichap.com.
Charles Wayne Properties, Inc. is selling a 4,158 sq.ft. Friendly’s Restaurant situated on a land area of 36,400 sq.ft. along Babcock Street in Melbourne, FL. The tenant is bound to a 32-year NNN lease set to expire during February 2019 featuring two, five-year options and 10% rent escalations every three years. The asking price is $1.035 million with a Cap rate of 8%. For more information, contact Sam Nasrallah, Charles Wayne Properties, Inc., 480 Spoonbill Lane, Melbourne Beach, FL 32951; Email: [email protected].
United Equities Corp. acquired a Walgreens located in MO. The tenant was bound to a lease with 24 years remaining on the original lease term. The company is also looking to acquire portfolios of new CVS properties nationwide. For more information, contact Arnold Kramer, United Equities Corp., 875 North Michigan Avenue, Suite 3100, Chicago, IL 60611; 312-523-7222, Fax 312-803-9652; Email: [email protected].
Brauvin Real Estate is looking to acquire individual and portfolios of single-tenant properties nationwide. Suitable properties feature national tenants bound to NNN or NN leases with rent escalations, are located in A or B locations in markets with populations above 50,000 and feature asking prices ranging from $1 million to $5 million per property. For more information, contact Mark C. Lewensohn or Eric Saltzman, Brauvin Real Estate Funds, 205 North Michigan Avenue, Suite 1900, Chicago, IL 60601; 312-759-7662/ 7668; Emails: [email protected] and [email protected].
buyers aNd sellers
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? IS YOUR REAL ESTATE WORKING...
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As seasoned retail real estate executives, we understand the challenges that both retailers and landlords face in today’s market. We use that knowledge to create customized real estate solutions that work for everyone.
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Representative 2009 Clients
USAA Real Estate Co. acquired a partial interest in the Regency Retail Portfolio, consisting of eight grocery-anchored retail properties with a combined GLA of 813,193 sq.ft. The properties within the portfolio are located throughout the Los Angeles and San Francisco, CA; Orlando, FL; Atlanta, GA; Raleigh/Durham, NC and Dallas/Ft. Worth and Houston, TX metropolitan areas. For more information, contact USAA Real Estate Co., 9830 Colonnade Boulevard, Suite 600, San Antonio, TX 78230-2239; 800-531-8182, Fax 210-641-8425; Web site: www.usrealco.com.
Forte Capital Management is looking to acquire single-tenant properties nationwide. Suitable properties are tenanted by Walgreens, CVS, Lowe’s Home Improvement, Home Depot, banks or other credit tenants, feature tenants bound to NNN leases with 10 years or more remaining on the original lease term and are priced between $6 million to $8.5 million with Cap rates between 8% and 9%. For more information, contact Chaim Cahane, Forte Capital Management, 55 Washington Street, Suite 706, Brooklyn, NY 11201; 718-643-9082, Fax 718-301-1276; Email: [email protected].
RD Management, LLC is selling a 22-acre parcel located at the intersection of Interstate 75 and Holly Road in Grand Blanc, MI. For more information, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Birnbaum Property Co. is selling a 2,885 sq.ft. restaurant situated on a land area of 46,516 sq.ft. at the intersection of Tezel Road and Camino Rosa in San Antonio, TX. Area retail includes Wendy’s, Discount Tire Direct, Domino’s Pizza, Subway, McDonald’s, El Pollo Loco, Little Caesar’s, Jack in the Box, CVS, KFC, Taco Bell, Jiffy Lube, Blockbuster Video, RadioShack and Burger King. Area demographics include a population of 259,254 within a five-mile radius earning an average household income of $63,791. The average daily traffic count is $33,012. The asking price is $800,000. For more information, contact P.J. Pfeiffer or John Moake, Birnbaum Property Co., 8000 IH-10 West, Suite 200, San Antonio, TX 78230; 210-349-7711 Ext. 208, Fax 210-349-7710; Email: [email protected]; Web site: www.birnbaumproperty.com.
Agree Realty Corp. is selling a 0.84-acre parcel located along Bristol Road in Burton, MI. Area retail includes Kroger, Wendy’s and Tim Horton’s. Area demographics include a population of 146,661 within a five-mile radius earning an average household income of $47,398. The average daily traffic count is 26,415 vehicles. For more information, contact Rob Cohon, Agree Realty Corp., 31850 Northwestern Highway, Farmington Hills, MI 48334; 248-737-4190 Ext. 224; Email: [email protected]; Web site: www.agreerealty.com.
Southeast Realty Group, Inc. is selling outlots along Highway 52 in Darlington, SC. Area retail includes Movie Gallery, KFC, Wendy’s, Food Lion, Walgreens, McDonald’s, Pizza Hut and Huddle House. Area draws include Darlington Raceway. Area demographics include a population of 15,000 within a five-mile radius earning an average household income of $36,000. The average daily traffic count is 20,000 vehicles. The asking price is $150,000 per parcel. For more information, contact Steve Allen, Southeast Realty Group, Inc., 451 Olympus Drive, Juno Beach, FL 33408; 561-832-7880, Fax 561-691-1848; Email: [email protected].
buyers aNd sellers
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DM
86 CHAMBERS STREET, NEW YORK, NY 10007 P 646-747-2200 WWW.SPANDRELGROUP.COM
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SGTHE SPANDREL GROUP, LLC
86 CHAMBERS STREET, NEW YORK, NY 10007 P 646-747-2200 WWW.SPANDRELGROUP.COM
PROPERTY MANAGEMENT
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THE BIG PICTURE IS MADE UP OF A HUNDRED SMALL DETAILS
SGTHE SPANDREL GROUP, LLC
86 CHAMBERS STREET, NEW YORK, NY 10007 P 646-747-2200 WWW.SPANDRELGROUP.COM
PROPERTY MANAGEMENT
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SGTHE SPANDREL GROUP, LLC
86 CHAMBERS STREET, NEW YORK, NY 10007 P 646-747-2200 WWW.SPANDRELGROUP.COM
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Barnie’s Coffee & Tea Co., Inc. trades as Barnie’s Coffee & Tea Co. at 45 locations throughout AL, FL, GA, IN, TN and internationally. The shops, offering gourmet coffee, teas and frozen drinks, in addition to pastries, prepackaged food items and accessories, such as mugs, cups, canisters, kettles and pitchers, occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in endcaps, freestanding locations, malls and lifestyle, outlet, power, specialty and strip centers, in addition to urban/downtown areas. Growth opportunities are sought throughout the southeastern region during the coming 18 months. Typical leases run 10 years. Preferred cotenants include upscale department stores and movie theaters. Preferred demographics include a population of 90,000 earning $60,000 as the average household income. Major competitors include Starbucks. The company prefers sites with outdoor seating and a drive-thru. For more information, contact Susan White, Barnie’s Coffee & Tea Co., Inc., 2126 West Landstreet Road, Suite 300, Orlando, FL 32809; 407-854-6654, Fax 407-854-6601; Email: [email protected]; Web site: www.barniescoffee.com.
Cefiore operates 30 locations throughout AL, CA, CO, FL, KY, NV, WA and internationally. The shops, offering non-fat frozen yogurt, occupy spaces of 600 sq.ft. to 1,200 sq.ft. in downtown areas and streetfronts. Growth opportunities are sought throughout Manhattan, NY during the coming during the coming 18 months, with representation by Winick Realty Group. Just Salad operates seven locations throughout NY and Hong Kong. The restaurants, offering salads, soups and wraps, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in downtown areas. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by Winick Realty Group. The company prefers high-traffic locations near office buildings. The Bad Ass Coffee Co. operates 65 locations nationwide and in Japan. The coffee shops occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in streetfront locations. Growth opportunities are sought throughout New York, NY during the coming 18 months, with representation by Winick Realty Group. Typical leases run 10 years. For more information, contact Joseph Isa, Winick Realty Group, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2647, Fax 212-792-2660; Email: [email protected]; Web site: www.winick.com.
Camille’s Sidewalk Café operates 67 locations nationwide. The restaurants, offering sandwiches, salads, soups and wraps, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in urban/downtown areas. Selective expansion will be considered throughout the downtown areas and the financial district of San Francisco, CA during the coming 18 months, with representation by Terranomics Retail Services. Panda Express operates 1,263 locations nationwide. The Chinese restaurants occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding locations and entertainment, power, specialty and strip centers, in addition to urban/downtown areas. Plans call for six openings throughout the Coachella Valley and northern areas of CA during the coming 18 months, with representation by Terranomics Retail Services. A vanilla shell and specific improvements are required. Preferred cotenants include Target, Walmart and big box retailers. Preferred demographics include a population of 50,000 within two miles. For more information, contact Sharon Carmichael, Terranomics Retail Services, 1350 Bayshore Highway, Suite 900, Burlingame, CA 94010; 408-200-8811, Fax 408-200-8810; Email: [email protected]; Web site: www.terranomics.com.
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REAL ESTATE SOUTHEAST LLC
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The Estee Lauder Cos., Inc. (800-308-2334) plans to open 65 MAC stores nationwide and internationally during its 2010 fiscal year. The cosmetics retailer recently opened a store in Grand Central Terminal in New York, NY and is slated to open a store in the Times Square area of New York, NY during the spring of 2010.
Starbucks Corp. (206-447-1575) plans to open 100 Starbucks coffee shops nationwide during 2010 along with 200 international stores. The expansion comes largely from licensees.
The Kroger Co. (513-762-4000) plans to open a 123,000 sq.ft. Kroger Marketplace at the intersection of Eldorado Parkway and Custer Road in Frisco, TX during January 2010. The company also plans to open a Kroger Marketplace at Alliance Town Center, a 300-acre project located along Interstate 35 West between North Tarrant Parkway and Heritage Trace Parkway in Tarrant County, TX. The Marketplace concept is the company’s response to competition from Walmart Supercenters and SuperTarget stores. The floorplan is double the size of a traditional Kroger Signature market and includes grocery, deli, floral,
organic, gourmet, chef-prepared food and wine sections, along with bed, bath, kitchen, tabletop and Ashley-branded furniture departments. The Marketplace stores also feature drive-thru pharmacies and gasoline facilities. The Alliance Town Center store joins JCPenney, Sam Moon Trading Co., Belk, Best Buy and Hobby Lobby, along with future Rooms To Go, BJ’s Restaurant and Brewhouse, Freebirds World Burrito and Kirkland’s sites.
Healthy Fast Food, Inc. (702-448-5301), through its wholly-owned subsidiary U-SWIRL International, Inc., will open a U-SWIRL Frozen Yogurt parlor along West Flamingo Road in Las Vegas, NV during February 2010. The 2,578 sq.ft. store will offer 20 flavors of frozen yogurt, sold by the ounce, and 60 toppings. Through a franchisee, the company will open 18 stores throughout the Phoenix, AZ metropolitan area.
Dollar General Corp. (615-855-4000) plans to open Dollar General stores during the next several years as part of a plan to eventually operate 20,000 units nationwide. The discount stores typically occupy spaces of 7,000 sq.ft. and offer apparel, home goods, seasonal products and consumables. The company opened 207 stores and remodeled 404 existing sites during 2008, and currently operates 8,500 units nationwide throughout 35 states.
Lowe’s Cos., Inc. (704-758-1000) plans to open a 120,000 sq.ft. Lowe’s Home Improvement store along Taylor Avenue in Parkville, MD. The store, slated to open during the fourth quarter of 2010, features a 26,600 sq.ft. garden center and a 94,000 sq.ft. home improvement store and will be the company’s 26th location in MD.
page 48 December 11, 2009 The Dealmakers www.dealmakers.net
UBAUBPListed
NEW YORKSTAPLES PLAZA
Yorktown21,165 SF Preleasing200,000 SF Total GLA
Located adjacent to BJ’s Wholesale Club. High visibility on Rt. 202.
CONNECTICUTORANGE MEADOWS
Orange9,884 SF Available78,000 SF Total GLA
Trader Joe’s-anchored center. Located on Rt. 1 (Boston Post Road).
UBP owns 43 properties containing over 3.8 million square feet. For leasing information, contact Linda Lacey x202.
For acquisition information, contact Jim Aries x224.
321 Railroad Avenue • Greenwich, CT 06830203-863-8200 • Fax: 203-861-6755 • www.ubproperties.com
Urstadt Biddle Properties Inc. is the dominant grocery-anchored shopping center owner in the Westchester/Fairfield County markets.
We currently have big box availabilities in:
The best of both worlds!
Visit us at 332 Americas Hall I at the ICSC New York Deal Making!
who’s oPeNiNg aNd where
(continued from page thirty)
The Dealmakers wanTs To markeT your
projecTs for free!
submit your project information easily at www.dealmakers.net/
freepublicity.aspx
DM
Excess Space Retail Services, Inc. (516-365-6400) negotiated a sublease for 20,390 sq.ft. along Central Park Drive in O’Fallon, IL from Furniture Brands to KBL America, Inc. The company also negotiated a sublease for 4,268 sq.ft. along Rana Villa Avenue in Camp Hill, PA from Knowledge Learning Center to Al-Huda, Inc. The company also negotiated a sublease for 16,008 sq.ft. along Route 33 in Hamilton, NJ from Staples to Game Time Performance, LLC. The company also negotiated a lease for 3,650 sq.ft. to Cager Family Trust, LLC along Broad Street in Sumter, SC. The tenant leased the property from GE Capital Solutions.
Konover South, LLC (954-354-8282) negotiated a lease renewal with H&R Block for 1,150 sq.ft. at Inverrary Falls Retail Center, an 85,000 sq.ft. center located at the intersection of Oakland Park Boulevard and Inverrary Boulevard in Lauderhill, FL. Cotenants include Publix, Bank Atlantic, Blockbuster Video, Footmart, Golden Krust, Gourmet China, Little Caesar’s, MetroPCS, Premier Restaurant, Sarah’s Beauty Supply & Accessories, The UPS Store and Wachovia Bank at the center.
NAI Emory Hill|Jim O’Hara Realty, LLC (302-322-9500) negotiated leases with Take the Lead Dance Studio for 6,000 sq.ft. and State Farm Insurance for 1,600 sq.ft. at Lantana Square Shopping Center, located in Hockessin, DE. The company also negotiated a lease with Great Harvest Bread Co. for 2,000 sq.ft. at Harmony Center, located in New Castle, DE. The company also negotiated a lease with New York Bagel Café for 2,000 sq.ft. at Churchman’s Center, located along Churchman’s Road in Newark, DE. The company also signed a lease with Cricket Wireless for 2,200 sq.ft. at Liberty Center, located along Kirkwood Highway in Newark, DE.
Welco Realty, Inc. (914-576-7500) negotiated a lease with Dick’s Sporting Goods for a 60,000 sq.ft. former Linens ‘N Things site at Paramus Towne Square, located in Paramus, NJ. The company also negotiated a lease with Party City for a 14,000 sq.ft. portion of a former Linens ‘N Things site in New Rochelle, NY. The company also negotiated a lease with HomeGoods for a 25,000 sq.ft. portion of a former Linens ‘N Things site at Nassau Park Pavilion, located in Princeton, NJ.
Centro Properties Group (212-869-3000) signed a lease with Edward Jones for 1,038 sq.ft. at Maple Village, located at the intersection of Maple Road and Jackson Road in Ann Arbor, MI. Martin Zide Real Estate Broker represented the tenant in the transaction. The company also signed a lease with Simply Fashion for 4,950 sq.ft. at Stockbridge Village, located at the intersection of Highway 138/Stockbridge Road and Hannover Parkway South in Stockbridge, GA.
Tucker Development Corp. (847-926-9999) negotiated a lease with Brick House Tavern & Tap for a 6,575 sq.ft. outlot at Pointe Plaza, a 330,000 sq.ft. shopping center located in Niles, IL. The tenant joins Walmart, Babies “R” Us, Starbucks, Men’s Wearhouse, Bath & Body Works, Jimmy John’s and Walgreens.
Faison (954-943-4683) negotiated a lease with Unique Dezigns for 1,000 sq.ft. at Pompano Citi Centre, a mixed-use lifestyle center located in Pompano Beach, FL. The tenant joins Macy’s, JCPenney, Sears, Lowe’s Home Improvement, Panera Bread, Pollo Tropical, Office Depot, GameStop, Bath & Body Works, Hallmark and Claire’s.
lease sigNiNgs
page 50 December 11, 2009 The Dealmakers www.dealmakers.net
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DM
At DLC, we know opportunity is not found within rigid boundaries.
We approach every project with creativity, innovation, foresight and vision to
see beyond what is - to what can be. Outside the lines is where deals get done,
complexity is made simple, and success is realized.
Want a crayon?
Corporate Headquarters: 580 White Plains Road, Tarrytown, NY 10591 1.866.DLC.MGMT www.dlcmgmt.com
97 shopping centers 26 states 16.5 million square feet
V I S I T U S A T T H E I C S C N E W Y O R K D E A L M A K I N G C O N F E R E N C E
B O O T H 1 7 6 , R H I N E L A N D E R G A L L E R Y
At DLC, we know opportunity is not found within rigid boundaries.
We approach every project with creativity, innovation, foresight and vision to
see beyond what is - to what can be. Outside the lines is where deals get done,
complexity is made simple, and success is realized.
Want a crayon?
Corporate Headquarters: 580 White Plains Road, Tarrytown, NY 10591 1.866.DLC.MGMT www.dlcmgmt.com
97 shopping centers 26 states 16.5 million square feet
V I S I T U S A T T H E I C S C N E W Y O R K D E A L M A K I N G C O N F E R E N C E
B O O T H 1 7 6 , R H I N E L A N D E R G A L L E R Y
Phoenix – An 8,400 sq.ft. freestanding building located on West Camelback Road is available. The asking rent is $9.95 psf. Also, a 25,000 sq.ft. freestanding building located on West Washington Street is available. The asking rent is $5.75 psf. Tucson – A 1,400 sq.ft. freestanding building located on Oracle Road is available. The asking rent is $15 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Arkansas
Forrest City – A 12,730 sq.ft. freestanding building located on North Washington Street is available. The asking rent is $6.95 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-
7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
California
Oak Park – Oak Park Plaza, located at the intersection of Kanan Road and Lindero Canyon Road, has spaces available of 1,900 sq.ft.; 2,055 sq.ft. and 4,299 sq.ft. along with a 1,410 sq.ft. restaurant space. Cotenants include Beau Image Day Spa, Leila’s Fine Dining, Starbucks and Subway. Area demographics include a population of 51,360 within three miles earning $142,935 as the average household income. For details, contact Charlie Cangelosi, Retail Net Lease Properties; 310-252-7656; Email: [email protected]; Web site: www.rnlp.biz.
Oceanside – El Camino North, a 366,775 sq.ft. center situated on 42.69 acres between State Highway 78 and Vista Way, has spaces available from 1,256 sq.ft. to 38,902 sq.ft.
Cotenants include Big 5 Sporting Goods, Mr. Goodwash, Burger King, Boot Barn, Hana Restaurant, Chantelle Day Spa, E&C Jewelers, Joy Nails and Spa, California Yogurt, Capezio, Patti’s Hallmark, Anna’s Linens, L&L Hawaiian Barbeque, Ocean Thai Cuisine, Once Upon a Child, Catherines, Chuck E. Cheese’s, Outback Steakhouse, Famous Footwear, Ross Dress for Less, Men’s Wearhouse, Pier 1 Imports, Sleep Train, Scottrade, Frame Designs & Gallery, Haircutters, Wings N Things, Subway, GameStop, Chipotle, Barnes & Noble, Chili’s, Oreck, Jamba Juice, Macaroni Grill, The Vitamin Shoppe, Tilly’s, Ulta, Michaels, Sleep Train, Lenscrafters, Red Lobster, El Torito, Wells Fargo, Q Sports Bar and Grill and Union Bank. Area retail includes Toys “R” Us and Petco. Area demographics include a population of 215,387 within five miles earning $78,972 as the average household income. Also, Fire Mountain Center, a 92,378 sq.ft. center situated on 9.5 acres at the intersection of Vista Way and Via Esmarca, has a 1,768 sq.ft. space available. Cotenants include FedEx Office, Anita’s Fine Mexican Cuisine, Pacific Marine Credit Union, Jack in the Box, Beverages & More, Fire Mountain Cleaners, Venus Nails, *plus Mailboxes, Sushi N Joy, AT&T Mobility, Roberto’s Hair Salon, Treasure House Gifts & Antiques, Farm Boy, Aaron Bros., Comfort Zone Futons, Trader Joe’s and Lamps Plus. Area demographics include a population of 215,401 within five miles earning $74,077 as the average household income. For details, contact Norma Salzhandler, Kimco Realty, 1621-B Melrose Drive, Vista, CA 92081; 760-598-2077; Email: [email protected]; Web site: www.kimcorealty.com.
Connecticut
Avon – Nod Brook Mall, located on West Main Street, has spaces available from 800 sq.ft. to 3,000 sq.ft. along with a pad site. Cotenants include Michaels, Marshalls and 99 Restaurant. Branford – Branhaven Plaza, located on West Main Street, has a 6,115 sq.ft. space available. Cotenants include A&P, Kohl’s, Gap, Payless ShoeSource and GameStop. Derby – ShopRite Plaza, located on Pershing Drive, has spaces available of 3,700 sq.ft. and 5,500 sq.ft. ShopRite anchors the center and cotenants include Angel Tips, Petland and Pay-Half. Middlebury – The Crossroads at Middlebury East has spaces available from 1,200 sq.ft. to 3,300 sq.ft.
page 56 December 11, 2009 The Dealmakers www.dealmakers.net
Space placeFOR LEASEFOR LEASE
FOR LEASE
FOR LEASE
Arizona Arkansas California
Paracom Realty Corporation is a full‐service, commercial real estate Brokerage, specializing in retail leasing & development with a network of affiliates across Canada.
•••
Tenant & Landlord RepresentationSales of Commercial PropertiesLand Acquistion & Disposition
•••
Lease & Sale NegotiationsDemographic profiling & mappingOver 25 years experience
www.paracom.caToronto Office:
Paracom Realty Corporation 1 Eglinton Avenue East, Suite 601
Toronto, ON M4P 3A1 Tel: 416.483.1553 [email protected]
Quebec Office:Paracom Immobilier (Quebec)
12B‐1210 de Maisonneuve OuestMontreal, Quebec H3A 0A2
Tel: 514‐895‐6967 [email protected] (continued on page fifty-eight)
DAYTON, OH WASHINGTON PARK PLAZA
178,750 S.F. GLA ANCHOR POSITION AVAILABLE
RESTAURANT SPACE AVAILABLE
OLD TIME POTTERY, UNITED ART, SAM’S CLUB*,
ARROW WINE & SPIRIT, HOMETOWN BUFFET, HARRIGAN’S TAVERN
*Not Owned 1,600 - 22,953 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER
LAMAR SHOPPING CENTER SPACE AVAILABILITIES VISIT US AT THE NEW YORK ICSC SHOW AT BOOTH 407
ANDERSON, SC ANDERSON PAVILION
64,221 S.F. GLA
END CAP AVAILABLE AGGRESSIVE RENTS
PUBLIX
3,150 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES/MICHAEL MAHAN, JR.
PINEVILLE, NC PINEVILLE TOWNE MARKET
83,499 S.F. GLA
INLINE SPACE AVAILABLE
FOOD LION, DOLLAR GENERAL, AARON RENTS, GOODYEAR,
FLOORING AMERICA, WEIGHT WATCHERS
1,200-1,686 S.F. AVAILABLE
CONTACT (877) 797-1472 MICHAEL MAHAN, JR.
ROCK HILL, SC MARKET ON CHERRY RD.
129,518 S.F. GLA
OUTPARCEL AVAILABLE +/- 0.8 Acres
OFFICE DEPOT, BIG LOTS, ANNA’S LINENS, LEBO’S,
IT’S FASHION METRO, PAYLESS
1,500 - 2,000 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES/MICHAEL MAHAN, JR.
FORT WAYNE, IN COVINGTON PLAZA
183,806 S.F. GLA
ANCHOR POSITION AVAILABLE OUTPARCEL +/- .95 ACRES
THE FRESH MARKET, OFFICE DEPOT, HONEY BAKED HAM,
ANYTIME FITNESS, MERLE NORMAN
1,710 - 18,200 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER
GREEN COVE SPRINGS, FL
MAGNOLIA LAYNE
87,010 S.F. GLA
HARVEY’S GROCERY, DOLLAR GENERAL, SOCADA FITNESS,
PIZZA HUT*, SUBWAY, ALLSTATE, CURVES, HARDEE’S*
* Not Owned
975 - 3,403 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES
IRWIN, PA NORWIN HILLS
244,364 S.F. GLA
ANCHOR POSITION AVAILABLE
ALDI, RITE AID, GOODWILL, GNC, GALAXY FITNESS,
FASHION BUG
800 - 31,000 S.F. AVAILABLE
CONTACT (877) 797-1472 SAM COOPER
PITTSBURGH, PA KENNYWOOD SHOPS
198,210 S.F. GLA
ANCHOR POSITION AVAILABLE OUTPARCEL AVAILABLE — 4,000 SF
GIANT EAGLE, FAMOUS LABELS, DOLLAR GENERAL, FASHION BUG,
1,640 - 31,400 S.F. AVAILABLE
CONTACT (877) 797-1472 SAM COOPER
OAK PARK HEIGHTS, MN OAK PARK PONDS
105,645 S.F. GLA
ANCHOR POSITION AVAILABLE
KOWALSKI’S MARKET, DOMINO’S THE UPS STORE, BURGER KING*,
OAK PARK WINE & SPIRITS, VICTORY SPORTS & FITNESS
1,330 - 24,851 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER
CRAWFORDSVILLE, IN
CRAWFORDSVILLE SQUARE
297,542 S.F. GLA ANCHOR POSITION AVAILABLE
OUTPARCELS AVAILABLE 3,800 SF, +/-0.76; 1.47;
2.59 & 3.32 ACRES
KROGER, THRIFTY’S, HIBBETT SPORTS
1,078 - 54,188 S.F. AVAILABLE CONTACT (877) 797-1472
JEFFREY JAMES/SAM COOPER
FAYETTEVILLE, GA
BANKS CROSSING
256,930 S.F. GLA
JR. ANCHOR POSITION AVAILABLE
JC PENNEY, KROGER, GUITAR CENTER, FARMER’S FURNITURE,
GOODYEAR
1,400 - 12,068 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES/MICHAEL MAHAN
ORANGE PARK, FL SOUTH BLANDING VILLAGE
108,954 S.F. GLA FUTURE EXPANSION
OUTPARCELS AVAILABLE +/-0.28 & 0.85 ACRES
STAPLES, BIG LOTS, WOOD YOU,
BAILEY’S POWERHOUSE GYM
Future Expansion +/- 20,000 S.F.
CONTACT (877) 797-1472 JEFFREY JAMES
CHARLESTON, SC WEST ASHLEY SHOPPES
136,260 S.F. GLA
OUTPARCEL AVAILABLE +/-1.49 ACRES
ROSS DRESS FOR LESS, WORLD MARKET,
BED BATH & BEYOND, CATHERINE’S
1,050 - 4,900 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES/MICHAEL MAHAN, JR.
LEWISVILLE, TX GARDEN PARK
178,335 S.F. GLA ANCHOR POSITION AVAILABLE OUTPARCEL AVAILABLE
+/-0.73 ACRES
STEIN MART, CHRISTIAN FAMILY BOOKSTORE, OISHI HIBACHI &
SUSHI
1,030 - 30,090 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES
FERN PARK, FL MAINSTREET SQUARE
108,632 S.F. GLA
WINN-DIXIE ANCHORED
WINN-DIXIE , GOODWILL, KIDS WORLD,
NEW YORK PIZZA
1,050 - 2,950 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES
FLORENCE, KY VILLAGE AT THE MALL
87,364 S.F. GLA
ANCHOR POSITION AVAILABLE OUTPARCELS AVAILABLE
+/-0.5 ACRES
PIER 1 IMPORTS, DOLLAR TREE, THE TILE SHOP, VITAMIN SHOPPE,
HONEY BAKED HAM
2,000 - 18,095 SF AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES/SAM COOPER
N RICHLAND HILLS, TX RUFE SNOW VILLAGE
99,331 S.F. GLA
JR. ANCHOR POSITION AVAILABLE OUTPARCEL AVAILABLE
+/- 0.37 ACRES
AARON RENTS, AMERICAN GENERAL,
JACKSON HEWITT BASKIN ROBBINS, CD WAREHOUSE
247 - 45,528 S.F. AVAILABLE
CONTACT (877) 797-1472 JEFFREY JAMES
Disclaimer: Subject to errors and omissions.
INDIANAPOLIS, IN EMERSON PLAZA 84,799 S.F. GLA
JR. ANCHOR POSITION AVAILABLE
MARSH SUPERMARKET, BIG KMART*, DAIRY QUEEN, RADIO SHACK, SUPERCUTS
*Not Owned
1,600—11,375 S.F. AVAILABLE CONTACT (877) 797-1472
JEFFREY JAMES/SAM COOPER
GREAT LEASING OPPORTUNITIES WITH FREE RENT AVAILABLE
365 SOUTH STREET MORRISTOWN, NJ 07960 TEL. (727) 403-7777 FAX (727) 517-2276 www.lamarcompanies.com
Newington – Jo-Ann’s Plaza, located on Berlin Turnpike, has spaces available from 1,200 sq.ft. to 4,400 sq.ft. Jo-Ann Fabrics anchors the center and cotenants include Big Lots and Modell’s. Norwalk – ShopRite Plaza, located on Route 1, has spaces available from 2,500 sq.ft. to 20,000 sq.ft. ShopRite anchors the center and cotenants include Barnes & Noble, GNC and The UPS Store. Orange – Firelite Shopping Center has spaces available from 800 sq.ft. to 4,000 sq.ft. along with a 1,500 sq.ft. pad
site. Stamford – ShopRite Plaza, located on Route 1, has spaces available of 2,000 sq.ft. and 3,500 sq.ft. ShopRite anchors the center and cotenants include Dunkin’ Donuts and Blockbuster Video. Waterbury – Fair Oaks Plaza, located on Wolcott Street, has spaces available from 1,400 sq.ft. to 12,500 sq.ft. Cotenants include Aaron’s and Kool Smiles. For details, contact Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com.
Ellington – Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. Rocky Hill - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. Stratford - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. For details, contact Rob Mehlich Jr., Mehlich Associates; 914-793-5050; Web site: www.mehlichassoc.com.
Greenwich – A 2,318 sq.ft. space located on Greenwich Avenue is available. Area retail includes Cole Haan, Kate Spade, Tory Burch and Lucky Brand. For details, contact Tom Torelli, Allied Property Group; 203-661-5800.
Groton – An 8,000 sq.ft. center located on Long Hill Road is available. The asking rent is $8.95 psf. Waterbury – A 4,980 sq.ft. center located on Wolcott Road is available. The asking rent is $12 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Rocky Hill – Cromwell Avenue Shops, located on Cromwell Avenue, has shop space available along with a 4,200 sq.ft. restaurant space. Area retail includes Starbucks, Big Y Supermarket and CVS. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: [email protected]; Web site: www.developers-realty.com.
West Hartford – Blue Back Square, a 600,000 sq.ft. mixed-use center, has space available. Cotenants include Whole Foods Market, Crate & Barrel, Ann Taylor, White House|Black Market, Lucy, Barnes & Noble and The Cheesecake Factory. For details, contact Robin Mosle, Jonathan Dutch or Jan Williams, Samuels & Associates; 617-247-3434; Web site: www.bluebacksquare.com.
Delaware
Seaford – Sussex Plaza has a 3,000 sq.ft. space available. For details, contact Vijay K. Shah,
Space placeFOR LEASEFOR LEASE
FOR LEASE
FOR LEASE
Connecticut Connecticut Connecticut
NJ’s #1 retail specialist have space for reNt?
call us
Now Hiring!We’re expanding and need a few good sales agents.
Great commission splits.
over 1,850 closed retail traNsactioNs
LICENSED REAL ESTATE BROKER116 Route 22, North Plainfield, New Jersey 07060 (908) 668-9600 Fax (908) 668-5225
NJ’s Retail Specialists
Consumer Division
Diversified Brands
®
page 58 December 11, 2009 The Dealmakers www.dealmakers.net
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(continued from page fifty-six)
Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: [email protected]; Web site: www.rivercrestrealty.com.
Florida
Bradenton – An 1,800 sq.ft. freestanding building located on 14th Street is available. The asking rent is $12.75 psf. Indian Harbour – A 14,795 sq.ft. freestanding building
located on State Road A1A is available. The asking rent is $18 psf. Jacksonville – A 3,000 sq.ft. freestanding building located on Normandy Boulevard is available. The asking rent is $11.95 psf. Pinellas Park – A 1,920 sq.ft. freestanding building located on U.S. Highway 19 North is available. The asking rent is $18 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921;
Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Coral Springs – Coral Springs Court has spaces available from 629 sq.ft. to 2,307 sq.ft. Cotenants include Stonegate Bank and Huntington Learning Center. Hollywood – Hollywood Palms has spaces available from 1,140 sq.ft. to 9,600 sq.ft. Publix anchors the center and cotenants include Walgreens. Margate – Shoppes at Margate has spaces available from 1,500 sq.ft. to 10,000 sq.ft. Super Food Store anchors the center. Pembroke Pines – Flamingo Market Place has spaces available from 1,200 sq.ft. to 4,855 sq.ft. Cotenants include Bravo and U.S. Postal Service. Also, FMS Corners has spaces available from 1,985 sq.ft. to 2,535 sq.ft. Cotenants include Quiznos, Hear X and Asian Buffet. Also, Shoppes at Pembroke has spaces available from 1,200 sq.ft. to 3,840 sq.ft. Cotenants include Michaels and Weight Watchers. For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Emails: [email protected], [email protected] and [email protected]; Web site: www.millbrookproperties.com.
Fern Park – Lowe’s Shopping Center, a 129,085 sq.ft. center located at the intersection of Highway 17-92 and Fernwood Boulevard, has space available totaling 9,000 sq.ft. along with outlots. Tampa – Columbus Plaza, a 116,000 sq.ft. center located at the intersection of Columbus Avenue and 50th Street, has anchor space available. Sweet Bay Supermarket anchors the center. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Georgia
Atlanta – Lenox Village has spaces available from 1,073 sq.ft. to 3,483 sq.ft. Augusta – Southpointe Plaza has a 6,038 sq.ft. space available. Macon – Walnut Creek Plaza has a 1,997 sq.ft. space available. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615;
Space placeFOR LEASEFOR LEASE
FOR LEASE
FOR LEASE
Delaware Florida Florida
All Information is from sources deemed reliable and is submitted subject to errors, omission, change of price, terms, prior sales and withdrawal.
• Route 31 Corridor / ½ Mile to Route 78
• Affluent Suburban New Jersey Community
• Anchor and Junior Anchor Space Available
• 2,500 – 48,000 Square Feet Available
• Located at the traffic controlled intersection of Route 31 and Halstead Street which is the main feeder road to Downtown Clinton.
• Renovation to include a new facade, parking lot and pylon sign.
Net Property Group, LLC 116 Route 22 • North Plainfield, NJ 908 226-0123 www.netpropertygroup.com
DEMOGRAPHICS 1 Mile 3 Miles 5 MilesPopulation 3,392 18,678 34,775 Households 1,199 6,394 11,481HH Income $242,367 $151,552 $151,915
CLINTON, NJShopping CenterReDevelopment
We pay brokers!
for sale or lease!
page 60 December 11, 2009 The Dealmakers www.dealmakers.net
(continued on page sixty-two)
(continued from page fifty-eight)
Twelve miles west of Mid -Town Manhattan lies a unique, eclectic,eye-catching collection of retail shops, fine dining, museums and artgalleries catering to an affluent, diverse community where the finerwishes in life are right at one’s fingertips.
Please visit us at the 2009New York ICSCBooth #340America Hall I
MONTCLAIR, NJMONTCLAIR, NJ
Fredric Kruvant, PresidentVanguard Realty, Inc.
Vanguard Tenant ServicesVanguard Property Management
“Where The Suburb Meets The City”
195 Columbia Turnpike / Florham Park, NJ 07932
973-443-9700 - [email protected]
www.vanguardsite.com
Progressive Suburban
Retail With An
Urban Groove
Neal J. Richards, V.P.Vanguard Realty, Inc.
For information on these uniqueretail opportunities, please call:
Find your place among
these fine retailers!
919-518-2000, Fax 919-424-0001; Email: [email protected]; Web site: www.rivercrestrealty.com.
Fayetteville – Banks Crossing, a 256,930 sq.ft. center, has spaces available from 1,400 sq.ft. to 12,068 sq.ft. Cotenants include JCPenney, Kroger, Guitar Center, Farmer’s Furniture and Goodyear. For details, contact Jeffrey James or Michael Mahan Jr., Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.
Illinois
Downers Grove – Marshalls at the Grove, a 400,000 sq.ft. center located at the intersection of 75th Street and Lemont Road, has anchor space available. Matteson – Matteson Plaza, a 276,444 sq.ft. center located at the intersection of Lincoln Highway and Governor’s Highway, has anchor space available. Cotenants include Dominick’s and Michaels. Niles – Golf Glen Mart, located at the intersection of Golf Road
and Dee Road, has a divisible 12,000 sq.ft. outlot available for build-to-suit. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Lincolnwood – An 8,000 sq.ft. freestanding building located on North Lincoln Avenue is available. The asking rent is $13 psf. Mundelein – A 4,860 sq.ft. freestanding building located on South Lake Street is available. The asking rent is $10 psf. Palos Heights – A 5,400 sq.ft. freestanding building located on South Harlem Avenue is available. The asking rent is $13 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Crawfordsville – Crawfordsville Square, a 297,542 sq.ft. center, has spaces available from 1,078 sq.ft. to 54,188 sq.ft. along with outlots of 3,800 sq.ft.; 0.76 acres; 1.47 acres; 2.59 acres and 3.32 acres. Kroger anchors the center and cotenants include Thrifty’s and Hibbett Sporting Goods. Ft. Wayne – Covington Plaza, a 183,806 sq.ft. center, has spaces available from 1,710 sq.ft. to 18,200 sq.ft. along with a 0.95-acre outlot. Cotenants include The Fresh Market, Office Depot, Honey Baked Ham, Anytime Fitness and Merle Norman. Indianapolis – Emerson Plaza, an 84,799 sq.ft. center, has spaces available from 1,600 sq.ft. to 11,375 sq.ft. Marsh Supermarket anchors the center and Big Kmart shadow-anchors the center. Cotenants include Dairy Queen, RadioShack and Supercuts. For details, contact Jeffrey James or Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.
Space placeFOR LEASEFOR LEASE
FOR LEASE
FOR LEASE
Georgia Illinois Indiana
page 62 December 11, 2009 The Dealmakers www.dealmakers.net
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Booth #397(Hilton - Americas Hall 1)
All Sizes3,000 - 1,000,000+ sqft
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185 NW Spanish River Blvd Boca Raton, FL 334311.888.KIN.PROPE-Mail: [email protected] www.kinproperties.com
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Kin PropertiesKINLen Weiselberg, Ext 112
Robert Crum Ext [email protected]
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We Own 850+Buildings
30,000,000
St at e C i t y A d d r ess SQFT A ski ng R ent Sal e Pr i ceA R B ent on 1716 M ilit ary Road 30,565 $2.95 $750,000A R Forrest Cit y 412 N. Washingt on St . 12 ,730 $6.95A Z Phoenix 1307 W. Camelback Road 8,400 $9.95A Z Phoenix 6101 W. Washingt on St . 25,000 $5.75A Z Tucson 4025 Oracle Road 1,400 $15.00CA Fullert on 2949 B rea B lvd . 1,785 $18.00CA M erced 1414 R St reet 4 ,500 $4.95 $295,000CA Orange 655 N. Tustin A ve 8 ,000 $12.00CT Grot on 771 Long Hil l Road 8,000 $8.95CT Wat erbury 779 Wolcott Road 4,980 $12.00FL B radent on 4914 14t h St reet 1,800 $12.75FL Ind ian Harbour 1944 St at e Road A -1-A 14,795 $18.00FL Jacksonvil le 5243 Normandy B lvd 3 ,000 $11.95FL Pinellas Park 7201 US Highway 19 Nort h 1,920 $18.00FL Rockledge 201 B ougainvil lea Dr ive 28 ,660 $4.00 $1,240 ,000GA Chamblee 5038 B uf ord Highway 8,400 $14.00GA M acon 3933 B loomfield Road 4,800 $5.95ID Nampa 1031 Nampa Caldwell B lvd 12 ,000 $7.95 $990,000IL Danvil le 3815 N. V ermill ion Street 4 ,860 $5.00 $225,000IL Linco lnwood 7031 N. Linco ln A ve. 8 ,000 $13.00IL M undelein 2045 S. Lake St reet 4 ,860 $10.00IL Palos Height s 12777 S. Har lem A ve. 5,400 $13.00IN Sout h B end 52120 US Highway 31 Nort h 4 ,800 $6.75 $395,000KS Topeka 1925 West 10t h St reet 19 ,265 $4.00 $700,000M A Nati ck 64 Worchest er Road 4,400 $24.00
M D Laurel 14955 B altimore Road 4,800 $24.00M I Commerce 2905 Union Lake Road 125,490 $5.00M I Lansing 6636 S. Cedar St reet 4 ,000 $9.50M I Livonia 34800 Plymout h Road 7,000 $6.60 $550,000M I M uskegon 1490 E. A pp le A ve. 5,000 $9.95M I Port Huron 3811 Nort h 24t h A ve 8 ,400 $6.75 $595,000M I St er l ing Height s 43169 V an Dyke 1,700
22 Acres$9 .95
M I Woodhaven West RoadM N Falcon Height s 1639 West Larpent eur A ve 8 ,400 $12.00NE Linco ln 6105 O St reet 8 ,400 $20.00NJ B rick Township 856 Rout e 70 2 ,601 $20.00NJ Newt on 11 Nelson St reet 19 ,311 $7.75NV Sparks 670 E. Prat er Way 2,213 $18.00NY W. Seneca 1956 Ridge Road 5,566 $7.75NY Y onkers 2450 Cent ral A ve 7,920 $32.00OH M ansfield 2032 West 4 t h St reet 4 ,800 $9.75OH Springfield 1105 Upper V aley Pike Road 4,000 $6.95 $425,000PA A lt oona 3006 Pleasant V alley B lvd 3 ,249 $11.00PA B rist o l 2664 Rout e 13 7,020 $12.00PA Warminst er 375 Y ork Road 2,304 $14.75RI Warwick 150 Lambert Lind Hwy 4,800 $10.50TN Chattanooga 5109 B rainerd Road 1,548 $9.50TN Knoxvil le 7205 Chapman Highway 5,400 $6.75TN M emphis 4139 Winchest er Road 4,550 TB D TB DTX A bilene 4135 N. First St reet 4 ,860 $4.95TX A bilene 3852 B uff alo Gap Road 15,337 $4.00 $2,134 ,000TX A maril lo 4215 SW 45t h St reet 3 Acres $0 .00TX A ustin 804 E B raker Lane 27,720 $9.00TX B edf ord 512 Harwood Road 29,100 $4.00 $950,000TX Grand Prair ie 2506 B elt Line Road 16,467 $5.00TX Pant ego 1607 S, B owen Raod 5,400 $5.95 $395,000V A Fairf ax Cit y 10937 Lee Hwy 7,029 $39.75WA Longview 842 Washingt on Way 7,000 $12.00WI B eaver Dam 800 Park A ve 3 ,096 $7.75 $290,000WI B rown Deer 7817 West B rown Deer 8 ,400 $6.75 $599,000WI Kenosha 4028 75t h St reet 7,200 $7.50WI M enomonee Falls 15485 A pp let on A ve 5,400 $8.75WI Waukesha 431 W. Sunset Dr ive 2 ,383 $14.95WV M artinsburg 1212 Nort h Queen St reet 23 ,744 $3.50
Ashland – Russell Centre, a 272,000 sq.ft. center located at the intersection of Diederich Boulevard and Route 23, has space available along with a pad site. Lowe’s Home Improvement and Super Kroger anchor the center. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Greenbelt – Beltway Plaza Mall, located on Greenbelt Road, has space available. Academy Stadium Theatres, Burlington Coat Factory, CVS, Giant Food, Gold’s Gym, Jo-Ann Fabrics, Marshalls, Party City, Planet Fun and Target anchor the center. Area retail includes IKEA, Staples, REI, Greenway Center, featuring Ross Dress for Less, Bally’s Total Fitness and Old Navy, and College Park Marketplace, featuring Home Depot. Area draws include University of Maryland, Greenbelt Metro Station and Capital Office Park. Area demographics include a population
of 359,348 within five miles earning $57,467 as the average household income. For details, contact Fred Wine, Quantum Cos., 4912 Del Ray Avenue, Bethesda, MD 20814; 301-657-9900 Ext. 132, Fax 301-657-8412; Email: [email protected].
Laurel – A 4,800 sq.ft. freestanding building located on Baltimore Road is available. The asking rent is $24 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Waldorf – St. Charles Towne Plaza, a 399,107 sq.ft. center located on Smallwood Drive West, has spaces available of 16,000 sq.ft. and 54,195 sq.ft. Shoppers Food Warehouse, K&G, Gallo and Big Lots anchor the center. Area retail includes St. Charles Towne Center, featuring JCPenney, Sears, Kohl’s, Dick’s Sporting Goods and Hecht’s. For details, contact Les Sax, Sax Realty, Inc., 4912-A Del Ray Avenue, Bethesda, MD 20814; 240-497-1192, Fax 240-497-1070; Email: [email protected]; Web site: www.saxrealty.com.
Massachusetts
Clinton - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. For details, contact Rob Mehlich Jr., Mehlich Associates; 914-793-5050; Web site: www.mehlichassoc.com.
Milford – Kmart Shopping Center, a 140,470 sq.ft. center located at the intersection of Medway Street and Beaver Street, has expansion space available. Cotenants include Kmart and Dollar Tree. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Natick – A 4,400 sq.ft. freestanding building located on Worchester Road is available. The asking rent is $24 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard,
Space placeFOR LEASEFOR LEASE
FOR LEASE
FOR LEASE
Kentucky Maryland Maryland
For 2010
In Westchester, Rockland, Putnam, Dutchess and Orange Counties4,000 s.f. to 4,700 s.f.
TJX CompaniesIn Westchester, Rockland, Putnam, Dutchess, & Orange Counties
Marshall’s Mega Shoe Store: 10,000 s.f. to 12,000 s.f.Marshall’s: 25,000 s.f. to 30,000 s.f.
Home Goods: 25,000 s.f.TJ Maxx: 25,000 s.f. to 30,000 s.f.
aries deiTCh & endelson, inC.110 South Central Avenue Hartsdale, NY tel 914-949-2800 fax 914-949-2424 www.ade-re.comMember: Retail Brokers Network
In Westchester, Putnam and Dutchess Counties
Freestanding 4,000 s.f. to 4,500 s.f.
We are looking for good locations for great retailers…
In Westchester, and Putnam Counties3,000 s.f. to 3,500 s.f. Endcaps, Freestanding and Power Centers
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lead Sheet
AutoZone, Inc.dba AutoZonePO Box 2198Memphis, TN 38101Fax: 901-495-8969Web site: www.autozonerealestate.com
AutomotiveThe 4,400-unit chain operates locations nationwide and throughout Mexico and Puerto Rico. The automotive parts and accessories shops occupy spaces of 5,400 sq.ft. to 7,200 sq.ft. in freestanding locations and inline spaces. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information regarding expansion south of Birmingham, AL; AR; Contra Costa, Los Angeles, Riverside and San Diego counties in CA; throughout and west of the Tallahassee, FL metropolitan area; IA, ID, KS, LA, MS, MN, MT, ND, NE, OK, SD, the Corpus Christi and Houston, TX metropolitan areas; the Memphis, TN metropolitan area; UT and WY, contact Michael Dee; 901-495-7348; Email: [email protected]. For more information regarding expansion throughout AZ, CA excluding Contra Costa, Los Angeles, Riverside and San Diego counties; CO, NM, NV, OR, TX excluding the Corpus Christi and Houston metropolitan areas and Puerto Rico, contact Brad Denzin; 901-495-8904; Email: [email protected]. For more information regarding expansion throughout IL, IN, KY, MD, MI, MO, OH, western PA, VA, WI, WV and Washington, DC, contact Kendrick Hickman; 901-495-8921; Email: [email protected]. For more information regarding expansion throughout AL north of Birmingham; CT, DE, FL, excluding Tallahassee; GA, MA, ME, NC, NH, NJ, NY, eastern PA, RI, SC, TN, excluding the Memphis metropolitan area, and VT, contact Chad Horton; 901-495-8753; Email: [email protected]. For more information regarding expansion throughout Mexico, contact Hector Gomez Serna, Carretera Nacional KM-269-A, Colonia la Estanzuela, 64988 Monterrey, Nuevo Leon, Mexico; 011-52-81-8155-7207, Fax 011-52-81-8155-7245; Email: [email protected].
Isis MaternityEd Gerwigc/o National Commercial Brokers, Inc.75 Second Avenue, Suite 315Needham, MA 02494Email: [email protected] site: www.isismaternity.com
Child CareThe three-unit chain operates locations in MA. The centers, offering prenatal classes, occupy spaces of 6,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing market, as well as CT and RI, during the coming 18 months, with representation by National Commercial Brokers, Inc. The company prefers to locate in densely-populated regional markets.
7-Eleven, Inc.dba 7-ElevenArmand Keurian1075 Cranbury South River Road, Suite 4Jamesburg, NJ 08831609-860-5020, Fax 609-860-5079Email: [email protected] site: www.7-11.com
ConvenienceThe 7,850-unit chain operates locations nationwide and throughout Canada. The convenience stores, some with gasoline facilities, occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in endcaps, freestanding locations, strip centers and urban/downtown areas. Growth opportunities are sought throughout NJ during the coming 18 months.
Shop Rite, Inc.dba Shop RiteJohn Gielen115 East 1st StreetCrowley, LA 70526337-783-8696, Fax 337-788-3916Email: [email protected]
ConvenienceThe 60-unit chain operates locations throughout LA. The convenience stores occupy spaces of 3,000 sq.ft. in freestanding locations. Plans call for three openings throughout AL, FL, MS and along the I-10 and I-12 corridors of LA during the coming 18 months. Typical leases run three years with options. Preferred cotenants include Target and Walmart. Preferred demographics include a population of 35,000 within three miles earning $45,000 as the average household income. A land area of 1.5 acres is required.
Beauty CenterJeff Gelbermanc/o National Real Estate Brokerage, Inc.6001 Montrose Road, Suite 310Rockville, MD 20852301-770-8585 Ext. 112, Fax 301-770-8591Email: [email protected]
CosmeticsThe five-unit chain operates locations throughout MD and VA. The cosmetics stores occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in malls and power centers. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by National Real Estate Brokerage, Inc. The company prefers to locate in high traffic areas. Preferred cotenants include grocery stores and Walmart.
ULTARon DeLucac/o R.J. Brunelli & Co., Inc.400 Perrine Road, Suite 405Old Bridge, NJ 08857732-721-5800, Fax 732-721-9241Email: [email protected] sites: www.ulta.com and www.njretailrealty.com
CosmeticsThe 200-unit chain operates locations nationwide. The stores, offering cosmetics, fragrances, beauty supplies and also featuring a hair salon, occupy spaces of 10,000 sq.ft. in freestanding locations and inline spaces of power and regional centers. Growth opportunities are sought throughout central and northern NJ during the coming 18 months, with representation by R.J. Brunelli & Co., Inc. Typical leases run 10 years. Specific improvements are required. Preferred cotenants include Best Buy, Target and women’s apparel retailers. Preferred demographics include a population of 90,000 within five miles earning $85,000 as the average household income.
www.dealmakers.net The Dealmakers December 11, 2009 page 69
Bealls Department Stores, Inc.dba Bealls Department StoresBritta Eriksson1806 38th Avenue EastBradenton, FL 34208941-744-4638, Fax 941-747-9435Email: [email protected] site: www.beallsflorida.com
Department StoreThe 86-unit chain operates locations throughout FL. The department stores, offering apparel and footwear for men, women and children, in addition to gifts and houseware items, occupy spaces of 62,000 sq.ft. to 110,000 sq.ft. in malls and lifestyle, power and strip centers. Plans call for three openings throughout the existing market during the coming 18 months. Typical leases run 15 years with options. Preferred cotenants include grocery stores and home improvement retailers. Preferred demographics include a population of 150,000 within five miles earning $50,000 as the average household income.
CVS Caremarkdba CVS PharmacySuzanne LanoisOne CVS DriveWoonsocket, RI 02895401-770-4310, Fax 401-770-2606Web sites: www.cvs.com and www.cvscaremarkrealty.com
Drug StoreThe 7,000-unit chain operates locations nationwide. The drug stores occupy spaces of 13,000 sq.ft. in freestanding locations with a drive-thru. Growth opportunities are sought throughout the existing market, with a focus on CA, MO and Puerto Rico during the coming 18 months. Typical leases run 25 years. Preferred demographics include a population of 18,000 within two miles. A land area of two to three acres is required.
Kerr Drug, Inc.dba Kerr DrugEd Anderson3220 Spring Forrest RoadRaleigh, NC 27616919-544-3896, Fax 919-572-0290Web site: www.kerrdrug.com
Drug StoreThe 100-unit chain operates locations throughout NC and SC. The drug stores occupy spaces of 10,000 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months.
AT&T Mobility Christine Marrc/o CB Richard Ellis2238 Port Carlisle PlaceNewport Beach, CA 92660949-706-7372, Fax 949-706-7381Email: [email protected] site: www.wireless.att.com
ElectronicsThe chain operates locations nationwide. The electronics stores, offering wireless phones, internet and cable service, occupy spaces of 3,200 sq.ft. in endcaps, freestanding locations, pad sites and inline spaces and kiosks in mall locations. Growth opportunities are sought throughout AK, AZ, CA, CO, HI, ID, NM, NV, UT and Seattle, WA during the coming 18 months, with representation by CB Richard Ellis.
New York Sports ClubMitch Weissc/o Retail Zone19 – 02 Whitestone Expressway, Suite 404Whitestone, NY 11357718-321-7700, Fax 718-228-6499Email: [email protected] site: www.nysc.com
FitnessThe 111-unit chain operates locations throughout CT, NJ and NY. The health and fitness clubs occupy spaces of 15,000 sq.ft. to 30,000 sq.ft. in endcaps, freestanding locations and lifestyle and power centers, in addition to urban/downtown areas. Growth opportunities are sought throughout Brooklyn and Queens, NY during the coming 18 months, with representation by Retail Zone. The company will consider multi-level sites.
Regis Corp.dba Cost CuttersDave Foley7201 Metro BoulevardMinneapolis, MN 55439952-947-7000, Fax 952-918-4751Email: [email protected] site: www.regiscorp.com
HairThe 840-unit chain operates locations nationwide. The hair salons occupy spaces of 1,000 sq.ft. in power and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years. Preferred cotenants include Target, Walmart and grocery stores. Preferred demographics include a population of 30,000 within three miles earning $30,000 as the average household income.
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lead Sheet
Hannoush JewelersNorman Hannoush1655 Boston Road, Unit B-7Springfield, MA 01129413-439-2830, Fax 413-439-0073Email: [email protected] site: www.hannoush.com
JewelryThe 65-unit chain operates locations throughout AZ, CT, FL, KS, KY, MA, ME, MO, NC, NH, NY, OH, RI and VT. The jewelry stores occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in freestanding locations, malls and strip centers. Growth opportunities are sought throughout the existing markets during the coming 18 months.
Ultra Stores, Inc.dba Ultra DiamondFrank Schmidt122 South Michigan Avenue, Suite 800Chicago, IL 60603Fax 615-851-2630Email: [email protected] site: www.ultradiamonds.com
JewelryThe 200-unit chain operates locations nationwide throughout 32 states. The jewelry stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in airports, casinos and outlet, tourist and value centers. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical lease run five years with five-year options. A vanilla shell is required.
Alliance Laundry Systems, LLCdba IPSODave Phillips1 Shepard StreetRipon, WI 54971920-748-1773, Fax 920-748-4590Email: [email protected]
LaundromatThe chain operates locations nationwide and internationally. The laundromats occupy spaces of 2,000 sq.ft. to 6,000 sq.ft. in downtown areas, freestanding locations and strip centers. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run a minimum of 10 years. The company prefers to locate in densely-populated areas with high traffic counts.
Shoe CarnivalJay Cohenc/o L3 Corp.12655 Olive Boulevard, Suite 220St. Louis, MO 63141314-469-7400, Fax 314-576-9768Email: [email protected] site: www.l3corp.net
ShoesThe 314-unit chain operates locations nationwide throughout 29 states. The shoe stores occupy spaces of 8,000 sq.ft. to 12,000 sq.ft. in power centers. Growth opportunities are sought throughout the St. Louis, MO metropolitan area during the coming 18 months, with representation by L3 Corp.
Heartland BreweryPaul Fetscherc/o Great American Brokerage100 West Park Avenue, Suite 309Long Beach, NY 11561516-889-7200, Fax 516-889-5113Email: [email protected] site: www.restaurantexpert.com
SpecialtyThe five-unit chain operates locations throughout NY. The bars/restaurants occupy spaces of 2,500 sq.ft. to 6,000 sq.ft. in freestanding locations, malls, entertainment centers and urban/downtown areas. Growth opportunities are sought throughout the greater New York, NY metropolitan area during the coming 18 months, with representation by Great American Brokerage.
Rip CurlMike Riellyc/o Townsend & Associates5757 Wilshire Boulevard, Suite 300Los Angeles, CA 90036310-286-9945, Fax 323-904-6302Email: [email protected]
SpecialtyThe 12-unit chain operates locations throughout CA, FL and HI. The surf shops occupy spaces of 2,000 sq.ft. to 3,500 sq.ft. in freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months, with representation by Townsend & Associates.
www.dealmakers.net The Dealmakers December 11, 2009 page 71
The Cutting RoomAdam Stupakc/o Winick Realty Group655 Third Avenue, 8th FloorNew York, NY 10017212-792-2635Email: [email protected] site: www.thecuttingroomnyc.com
SpecialtyThe company operates one location in New York, NY. The live music venue prefers to occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in streetfronts. Growth opportunities are sought throughout Manhattan, NY during the coming 18 months, with representation by Winick Realty Group.
VA ABCJohn Mitchellc/o JBG Rosenfeld Retail4445 Willard Avenue, Suite 700Chevy Chase, MD 20815301-657-0700Email: [email protected]
Specialty The 200-unit chain operates locations throughout VA. The liquor stores occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding locations and lifestyle, power, specialty and strip centers. Growth opportunities are sought throughout northern VA during the coming 18 months, with representation by JBG Rosenfeld Retail.
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 [email protected].
BasisAlexandra Turboffc/o BCD115 East 23rd Street, 6th FloorNew York, NY 10010212-260-5210 Ext. 16, Fax 212-260-5211Email: [email protected] site: www.bcdevelopment.com
SupermarketThe company operates one location in Manhattan, NY. The upscale supermarket prefers to occupy spaces of 500 sq.ft. to 2,000 sq.ft. in endcaps, freestanding locations and strip centers. Growth opportunities are sought throughout the existing market during the coming 18 months, with representation by BCD. Typical leases run 10 to 15 years.
Wakefern Food Corp.dba ShopRite and PriceRiteTish Daly33 Northfield AvenueEdison, NJ 08818732-906-5371
SupermarketShopRite operates 215 locations throughout CT, DE, MD, NJ, NY and PA and prefers to occupy spaces of 65,000 sq.ft. to 90,000 sq.ft. Growth opportunities are sought throughout the existing markets, in addition to MA and RI, with a focus on the five boroughs of NY, Long Island and MD during the coming 18 months. PriceRite operates 43 locations throughout CT, MA, NY, PA and RI and prefers to occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. Growth opportunities are sought throughout the existing markets, in addition to DE and NJ and with a focus on MD and Long Island and New York, NY during the coming 18 months.
The Nutty BavarianDavid Zangenberg305 Hickman DriveSanford, FL 32771407-444-6322, Fax 407-444-6335Email: [email protected] site: www.nuttyb.com
Temporary TenantThe 1,000-unit chain operates locations nationwide and internationally. The company, offering roasted, cinnamon-glazed nuts, prefers to occupy spaces of six sq.ft. to 10 sq.ft. in kiosk locations in malls and entertainment, specialty and tourist centers, as well as urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run one year.
lead Sheet
page 72 December 11, 2009 The Dealmakers www.dealmakers.net
LEASINGRivercrest Realty has space available in
anchored shopping centers along the East Coast.
For leasing, contact:Vijay K. Shah
(NC, TN, VA, WV, MD, DE)(919) 518-2000
Debbie Lewis(SC, GA, FL)
(919) [email protected]
Helen Vitaliano(New York Locations)
(718) [email protected]
ACQUISITIONSRivercrest Realty is actively pursuing acquisitions of retail centers located East of the Mississippi.
Acquisition Requirements:• Grocery / Shadow-Anchored
• $5 Million Minimum Deal• 30,000+ SF Shop Space
Forward proposals to:Stan Werb
(919) [email protected]
www.rivercrestrealty.com8816 Six Forks Road, Suite 201
Raleigh, NC 27615Phone: (919) 518-2000
Fax: (919) 424-0001
Looking for Acquisitions • Leasing Great Sites
STATE CENTEr AvAILAbLE SFNEw yOrkStaten Island Coral Island Shopping Center 840 – 2,980 SFStaten Island Tottenville Square 1,164 – 8,002 SF
DELAwArESeaford Sussex Plaza 3,000 SF
FLOrIDAWilton Manors Shoppes of Wilton Manors 15,423 SF
GEOrGIAAtlanta Lenox Village 1,073 – 3,483 SFAugusta Southpointe Plaza 6,038 SFMacon Walnut Creek Plaza 1,997 SF
MAryLANDLandover Landover Crossing 2,000 – 119,244 SFPocomoke City East Town Plaza Fully LeasedFruitland Southtowne Commons Fully Leased
NOrTH CArOLINAAdvance Kinderton Place 1,325 & 1,773 SFChapel Hill Timberlyne 1,201 – 2,010 SFCharlotte Archdale Marketplace 2,410 - 4,018 SFCharlotte Royal Plaza 1,259 – 6,696 SFDurham Parkway Plaza 2,633 SFDurham The Village 997 – 11,488 SFForest City Hillside Plaza 2,012 – 24,962 SFHendersonville Highlands Square 2,508 - 8,513 SFRaleigh Millbrook Collection 1,227 – 1,452 SFShelby Creekside Plaza 3,115 SFSmithfield Smithfield Plaza 1,514 & 3,023 SFSouthport Tidewater Plaza 3,020 SFTaylorsville Taylorsville 1,211 & 8,537 SFWinston-Salem Hanes Commons 1,117 - 18,294 SF
SOUTH CArOLINABoiling Springs Boiling Springs Center 2,006 & 3,009 SFColumbia Northpointe Commons 1,995 – 35,000 SFFlorence Southside Commons 3,193 SFGaffney Piedmont Plaza 2,003 & 3,213 SFGeorgetown Plantation Plaza 3,011 SFGreenville Haywood Plaza 1,020 – 5,374 SFGreenville Shoppes at Woodruff 1,482 – 4,008 SFGreenville White Horse Commons 4,007 SFGreenwood Westwood Plaza 4,532 – 27,436 SFGreer Hillview Plaza 2,018 & 3,007 SFLexington East Towne Centre 4,745 SFLexington Village Square 792 & 1,444 SFMyrtle Beach Northwood Plaza 1,122 – 6,422 SFMyrtle Beach Plantation Point 1,423 – 4,128 SFSurfside Beach Surfside Commons 4,023 SF
TENNESSEECookeville Cumberland Station 895 & 3,000 SF
vIrGINIABluefield Ridgeview Plaza 30,012 SFCovington Riverbend Fully LeasedHarrisonburg Garbers Crossing Fully LeasedMartinsville Mountainview Plaza 1,998 – 9,014 SFRadford Peppers Ferry Centre 1,608 & 2,776 SFSouth Boston South Boston 1,202 SF
wEST vIrGINIAPrinceton East River Plaza 30,363 SF
is12-11-09_rivercrest.indd 1 11/6/2009 10:37:37 AM
colonial plazawaterbury, connecticut
www.newenglandretail.comFax: (860) 563-9667phone: (860) 529-9000
visit us at the new york icsc booth #326 — americas hall irepresenting over 3 million sq. Ft. of properties
leasinG * tenant rep * investment sales
225,000 sq. Ft. shopping center thomaston avenue
• Join Compare Foods, Dollar Dreams, Dunkin’ Donuts, Wendy’s, Crown Fried Chicken and more
• Immediate occupancy• 832 - 34,512 Sq. Ft. remain for lease; subdividable• Competitive rates
tractor supply plazaputnam, connecticut
32,000 sq. Ft. shopping center providence pike (route 44)
• Join Tractor Supply• 1,500 − 13,000 Sq. Ft. Remain; Can Be Divided• Neighbors include: Super Stop & Shop, Sears Essentials, Walmart,
CVS Pharmacy and many more.• Immediate occupancy
hadley corner shoppinG centerhadley/amherst, massachusetts
russell street (route 9) hadley/amherst, massachusetts
• Join Home Depot in this 313,000 Sq. Ft. Development• Major Retail Corridor (Route 9) with great visibility• Near Walmart, Michaels, Barnes & Noble, Target, Hampshire Mall, Old Navy,
Marshall’s and many more
Gateway shoppinG plazamanchester, connecticut
deming street (buckland hills area) exit 63 off interstate 84
• 2,000 - 9,000 Sq. Ft. Available in a 51,472 Sq. Ft. Retail Strip Center
• Join Applebee’s, Panera Bread, Walgreens, FedEx Kinko’s, Aspen Dental and more
• Prime location in major retail corridor — neighbors include Buckland Hills Mall, DSW, AC Moore, Raymour & Flanigan & more
www.newenglandretail.comFax: (860) 563-9667phone: (860) 529-9000
visit us at the new york icsc booth #326 — americas hall irepresenting over 3 million sq. Ft. of properties
leasinG * tenant rep * investment sales
the shoppes at cedar streetnewinGton, connecticut
proposed retail development 751 russell road at cedar street
• Hotel, Retail Pads and Retail Strip Center Proposed Development
• Five Mile Radius Population: 261,982 people
• 40,000 Sq. Ft. of Potential Retail, Retail Pads & More
downtown location availablenew canaan, connecticut
downtown Freestanding building 22 pine street
• 5,200 Sq. Ft. Freestanding Building on .6 Acres
• Located across the street from MetroNorth Rail Station
• Great Location for Retail, Medical, Financial Services & more
• Neighbors Include: Ann Taylor, Talbots, Bank of New Canaan, Walgreens, US Post Office & many more
copaco shoppinG centerbloomField, connecticut
450,000 sq. Ft. center is expanding cottage Grove road (route 218)
• Join Lowe’s, Stop & Shop, Burlington Coat, IHOP, Dollar Tree, McDonald’s, CVS Pharmacy, Eblens and many more
• 15,000 Sq. Ft. Expansion of Power Center• 1 Outparcel Remaining for Lease and 3,000 to 6,000 Sq. Ft. available for lease
east haven shoppinG centereast haven, connecticut
187,000 sq. Ft. shopping center 75 north Frontage road
• Units 2,000 to 15,000 Sq. Ft.• Direct access from Exit 51 off I-95 and Boston Post Road (Route 1)• Join Home Depot, AutoZone, Wendy’s, Gelvani Liquors (now open) and many more• Available Now!
New York NatioNal coNfereNce aNd deal MakiNg
new york hiltonamericas hall ii
new york hiltonamericas hall i
Visit us at booth 153 in the rhinelander hall | make some deals!
Important Dates & TimesMonday, December 7 9am – 7pm On-Site Registration/Badge Pick-upMonday, December 7 9am – 8:30pm Deal Making!Monday, December 7 10:45am – 12:15pm Retailers’ RunwayMonday, December 7 5:30pm – 7pm ICSC Member Sponsored Cocktail ReceptionTuesday, December 8 8am – 4pm On-Site Registration/Badge Pick-upTuesday, December 8 8:30am – 4pm Deal Making!Tuesday, December 8 4pm Pack it up & go home!
New York NatioNal coNfereNce aNd deal MakiNg
new york hiltonrhinelander gallery
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Sheraton new york
Where you can find copies of The DealmakersAutoZone Sheraton #518
CVS Realty Americas Hall I #372
Dealmakers Rhinelander #153
Kin Properties Americas Hall I #397
Lamar Companies Americas Hall II #407
New England Retail Properties Americas Hall I #326
New York NatioNal coNfereNce aNd deal MakiNg
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Visit us at booth 153 in the rhinelander hall | make some deals!
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May 23 – 25, 2010
Sizes Full Page 2/3 Page 1/2 Page 1/3 Page 1/4 Page 1/8 Page Rates $1,495 $1,040 $800 $550 $475 $310* Prices are for black and white. Contact us for color pricing.
For More inForMation Call 1-800-732-5856
alyson Parker
Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Michigan
Muskegon – Muskegon Shopping Center, a 187,000 sq.ft. center located at the intersection of Henry Street and Norton Avenue, has anchor space available. Port Huron – Port Huron Shopping Center, a 118,000 sq.ft. center located at the intersection of Howard Street and 24th Street, has anchor space available along with an outlot. Cotenants include Big Lots, Save-A-Lot and Family Dollar. Redford – Redford Plaza, a 114,865 sq.ft. center located at the intersection of Plymouth Road and Inkster Road, has anchor space available. Cotenants include CVS. Saginaw – Saginaw Square, a 94,891 sq.ft. center located at the intersection of Tittabawasse Road and Bay Road, has anchor space available. Cotenants include Target, Jo-Ann Fabrics and Staples.
Sandusky – Kmart Shopping Center, a 176,248 sq.ft. center located at the intersection of M-19 and Gates Road, has anchor space available. Southgate – A 60,800 sq.ft. freestanding building located at the intersection of Fort Street and Burns Avenue is available. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Nebraska
Lincoln – An 8,400 sq.ft. freestanding building located on O Street is available. The asking rent is $20 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Lincoln – Wilderness Hills, located at the intersection of Yankee Hill Road and South 27th Street, has space available. For details, contact Cindi Cisar, Don Linscott, Tara Galaviz, or Cathi Johnson-Haisch, Grubb & Ellis|Pacific Realty; 402-467-1234; Web site: www.gepacificrealty.com.
Nevada
Las Vegas – Kmart Plaza, a 127,754 sq.ft. center located at the intersection of East Sahara Avenue and McLeod Drive, has a 10,945 sq.ft. outlot available. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Reno – Clarkson Plaza, a 24,753 sq.ft. center located on Kietzke Lane, has a multi-level space totaling 7,908 sq.ft. available. Big O’ Tire anchors the center. The average daily traffic count is 28,800 vehicles. The asking monthly rent is $1 psf NNN. For details, contact Mark Hallenbeck, Hallmark Investment & Management, LLC; 775-786-8488.
New Hampshire
Keene – Key Road Plaza, located on Key Road, has a 3,200 sq.ft. space available. Nashua – Webster Square, located at the intersection of Daniel Webster Highway and Danforth Road, has spaces available of 1,624 sq.ft.; 2,100 sq.ft.; 2,500 sq.ft.; 4,476 sq.ft. and 22,033 sq.ft. Portsmouth – Portsmouth Plaza, located on Woodbury Avenue, has a 12,625 sq.ft. space available. Salem – Rockingham Mall, located at the intersection of Route 28 and Rockingham Boulevard, has a 9,700 sq.ft. pad site available. Wilton – A 6,000 sq.ft. former Sovereign Bank located on Main Street is available. For details regarding the Keene and Wilton properties, contact Rob Robledo, SRS Real Estate Partners, 84 State Street, Suite 400, Boston, MA 02109; 617-227-3100, Fax 617-725-1978; Email: [email protected]; Web site: www.srsre-ne.com. For details regarding the Nashua, Portsmouth or Salem properties, contact Mark Doherty or John Ferris; Emails: [email protected] and [email protected].
page 80 December 11, 2009 The Dealmakers www.dealmakers.net
Space placeFOR LEASEFOR LEASE
FOR LEASE
FOR LEASE
Massachusetts Michigan Nebraska
THE SIMON COMPANIESContact:
Ben Simon or Kevin Tucker(757) 340-3669
Fax: (757) 631-9155 \ Email: [email protected]
seeking to acquire land for townhouse/apartment development
near new and proposed retail sites.We offer quick closing, all cash, as well as, participation
in due diligence and any rezoning process.
10 to 20 Acres
near Retail Centers inVA, NC, SC, and GA
W A N T E D
(continued on page eighty-two)
(continued from page sixty-four)
With over 5 Million Square feet of retail holdings, we have available space for all needs including: • Great SUPERMARKET Backfill & New Locations • Anchor & Junior Anchor Spaces • Inline Stores
• Pad Sites & Ready Free Standing BuildingsContact us: [email protected]
East Meadow, NYEast Meadow Commons
Wyncote, PACedarbrook Plaza
Philadelphia Market
Ewing, NJProposed Development
Fairfield, ALFlintridge Centre
Birmingham Market
Canton, OHCanton Centre
Columbus, OHNorthland Plaza
Southfield, MIGreenfield Commons
Detroit Market
Springfield, OHK-Mart Plaza
Englewood, OHNorthmont Plaza
Dayton Market
•
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•
• • •
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Hamilton, OHHamilton PlazaCincinnati Market
Holland, MICedar Village
Weirton, WVK-Mart Plaza
Evansville, INFirst Diamond Plaza
•
•St.Louis, MO
Millennium Center
•
Griffith, INGriffith Park Plaza
Park Forest, ILNorwood Square
Clifton, NJBotany Plaza
•
New York, NYSoHo
••
See Us at ICSC New York Booth #113 Rhinelander Gallery
Fayetteville, NCSycamore Square
Oakland Park, FLOakland Park Festival Centre
The DealmakersDec. 11, 2009
Strength and Experience,lets build on it together…
Nassimi Realty, LLC370 Seventh AvenueSuite 1600New York, NY 10001
T: 212.643.8080T: 800.521.5208F: 212.643.2626E: [email protected]
www.nassimirealty.com
Indianapolis, IN• Felbram Plaza North• North Eastwood
Shopping Center• Felbram Plaza South
Knoxville, TNKnoxville Commons
Hopkinsville, KYPark Plaza
Aberdeen – Romeo Plaza, a 10,000 sq.ft. center, has a 1,883 sq.ft. space available. Clifton – Tick Tock Plaza, an 18,879 sq.ft. center, has a 6,500 sq.ft. space available. East Brunswick – Miracle Mall, a 100,000 sq.ft. center, has spaces available from 10,000 sq.ft. to 64,000 sq.ft. Edgewater Park – A 54,779 sq.ft. former Pathmark has spaces available from 1,500 sq.ft. to 24,779 sq.ft. Edison – Inman Grove Shopping Center, a 160,000 sq.ft. center, has spaces available of 1,290 sq.ft.; 2,000 sq.ft. and 3,000 sq.ft. Elizabeth – A 74,000 sq.ft. former Toys “R” Us has a 27,000 sq.ft. space available. Green Brook – A divisible 28,000 sq.ft. former Wood Gym Playhouse is available. Jackson – Romeo Plaza, a 40,000 sq.ft. center, has spaces available from 1,550 sq.ft. to 4,950 sq.ft. Little Falls – AVI Building, a 4,960 sq.ft. building, has an 1,800 sq.ft. space available. Manalapan – Manalapan Epi Centre, a 460,000 sq.ft. center, has a 6,200 sq.ft. space available. Metuchen – A 1,200 sq.ft. space is available. Middletown – Romeo Plaza, an 80,000 sq.ft. center, has spaces available of 1,500 sq.ft. and 2,000 sq.ft. Neptune – Strauss
Center, a 17,350 sq.ft. center, has spaces available from 2,000 sq.ft. to 6,500 sq.ft. New Providence – A 60,000 sq.ft. former A&P has spaces available from 5,000 sq.ft. to 27,000 sq.ft. Sayreville – Romeo Plaza, a 10,000 sq.ft. center, has a 1,600 sq.ft. space available. Shrewsbury – A 41,902 sq.ft. former Foodtown is available for sublease. Tinton Falls – A 16,612 sq.ft. former Velocity is available for sublease. Union – PetSmart Center, a 47,140 sq.ft. center, has a 24,844 sq.ft. space available. Washington Township – WOW Plaza, a 12,000 sq.ft. center, has spaces available from 1,600 sq.ft. to 4,800 sq.ft. For details, contact R.J. Brunelli & Co., Inc., 400 Perrine Road, Suite 405, Old Bridge, NJ 08857; 732-721-5800, Fax 732-731-9241; Web site: www.njretailrealty.com.
Brick Township – A 2,601 sq.ft. freestanding building located on Route 70 is available. The asking rent is $20 psf. Newton – A 19,311 sq.ft. freestanding building located on Nelson Street is available. The asking rent is $7.75 psf. For details, contact Len Weiselberg, Robert
Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
East Rutherford – Lowe’s Shopping Center, a 181,294 sq.ft. center located at the intersection of Route 17 North and Route 120/Paterson Plank Road, has a 4,004 sq.ft. divisible endcap space available. Marlton – Tri-Towne Plaza, a 176,519 sq.ft. center located at the intersection of Route 70 and Plymouth Drive, has anchor space available. Cotenants include Sears Essentials and Superfresh. Mt. Olive – Pad sites are available. Area retail includes Walmart, Sam’s Club and T.J. Maxx. Old Bridge – A&P Shopping Center, a 64,920 sq.ft. center located at the intersection of Route 9 and Ferry Road, has a 7,140 sq.ft. space available. Williamstown – Williamstown Shopping Center, an 85,000 sq.ft. center located at the intersection of Route 42/Black Horse Pike and Main Street, has anchor space available. Cotenants include CVS and Fashion Bug. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
East Windsor – Royal Plaza has spaces available from 950 sq.ft. to 2,000 sq.ft. Cotenants include City Streets Café, CitiFinancial and Allstate Insurance. Edison – Edison Plaza has spaces available from 2,816 sq.ft. to 4,400 sq.ft. ShopRite anchors the center and cotenants include Party Fair and Capital One Bank. Linden – Aviation Marketplace has a 6,000 sq.ft. restaurant outlot available. Target, Home Depot, ShopRite and AMC Theatres anchor the center. Plainsboro – Princeton Meadows has spaces available from 1,163 sq.ft. to 2,000 sq.ft. Cotenants include Asian Food Market, Subway and Kumon Learning. For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY 11030; 516-869-1240, Fax 516-869-8576; Emails: [email protected], [email protected] and [email protected]; Web site: www.millbrookproperties.com.
page 82 December 11, 2009 The Dealmakers www.dealmakers.net
Space placeFOR LEASEFOR LEASE
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FOR LEASE
New Jersey New Jersey New Jersey
Julius Borrus says...“We have a posse of
investors searching for...”
Anchored Centers | Strip CentersNeighborhood Centers | Power Centers
NY, NJ, CT, PA, MD, DE
Please contact us at:732-345-7002 | 732-345-7207 FaxEmail: [email protected]
BORRUS ASSOCIATESA member of the International Council of Shopping Centers
COMMERCIAL INVESTMENT REAL ESTATE
30 Monmouth St., Red Bank, NJ 07701Mailing Address P/O Box 8357, Red Bank, NJ 07701 (continued on page eighty-four)
(continued from page eighty)
Flemington – The Pointe, a 20,000 sq.ft. strip center situated on 1.5 acres at the intersection of South Main Street and Route 202, has spaces available of 2,504 sq.ft. and 2,750 sq.ft. H&R Block, Domino’s Pizza, PNC Bank and RadioShack anchor the center. Cotenants include Distinctive Dinettes. Area retail includes TD Bank, Staples, Burlington Coat Factory, Marshalls, ShopRite, T.G.I Friday’s, Chili’s, Bed Bath & Beyond, Kitchen Expo Plaza, Hunterdon Shopping Center and Flemington Shoppes.
Area demographics include a population of 36,000 within five miles earning $135,000 as the average household income. The average daily traffic count is 29,500 vehicles. The asking rent is $20 psf with CAM of $4.25 psf and taxes of $2.25 psf. For details, contact Shane Wierks, Jeffery Realty, Inc., 116 Route 22, North Plainfield, NJ 07060; 908-581-7781, Fax 908-668-5225; Email: [email protected]; Web site: www.jefferyrealty.com.
Montclair – Lackawanna Plaza has space
available. Also, a space located at the intersection of Bloomfield Avenue and South Park Street is available. Also Wedgewood Building has space available. Also, Crane Building has space available. Also, a space located on Bloomfield Avenue is available. For details, contact Neal J. Richards, Vanguard Realty, Inc., 195 Columbia Turnpike, Florham Park, NJ 07932; 973-443-9700 Ext. 15; Email: [email protected]; Web site: www.vanguardsite.com.
North Brunswick – Hidden Lake Towne Center, a 43,558 sq.ft. mixed-use center, has spaces available from 856 sq.ft. to 2,975 sq.ft. Area demographics include a population of 210,283 within five miles. For details, contact Ann O’Neal, TKO Real Estate Advisory Group, Inc., 100 Youngs Road, Mercerville, NJ 08619; 800-732-5856; Email: [email protected]; Web site: www.dealmakers.net.
Princeton – Princeton Shopping Center, a 228,000 sq.ft. open-air center located on North Harrison Street, has spaces available from 1,450 sq.ft. to 13,000 sq.ft. McCaffrey’s, Ace Hardware, New York Sports Club and Rite Aid anchor the center. Cotenants include Great Clips, PNC Bank, The UPS Store, Quiznos, Dunkin’ Donuts, RadioShack, Hallmark and Edward Jones. Area demographics include a population of 78,592 within five miles earning $148,008 as the average household income. For details, contact Chris Hanington; George Comfort & Sons; 609-921-6234; Email: [email protected]; Web site: www.princetonshoppingcenter.com.
New York
Airmont – Colonial Square, located on Route 59, has spaces available from 1,500 sq.ft. to 5,600 sq.ft. Cotenants include Trustco, Planet Fitness and Alto Music. Brooklyn – A center located on Nostrand Avenue between Avenue Y and Avenue Z has spaces available from 1,500 sq.ft. to 4,000 sq.ft. Pathmark shadow-anchors the site. Cornwall – Cornwall Plaza, located on Highway 107/Quaker Avenue, has spaces available from 1,900 sq.ft. to 7,300 sq.ft. Cotenants include Key Food, Bank of America and U.S. Postal Service. Harriman – Woodbury Centre, located on Route 17/Route 6, has spaces available from 12,000 sq.ft. to 31,000 sq.ft. Cotenants include Kohl’s, Modell’s, Michaels, Staples and Eileen Fisher. Hopewell Junction – Hopewell Plaza, located on Route 82/Route
page 84 December 11, 2009 The Dealmakers www.dealmakers.net
Space placeFOR LEASEFOR LEASE
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New Jersey New Jersey New Jersey
(continued on page eighty-six)
(continued from page eighty-two)
www.bayterrace.com | www.cordmeyer.com
Up to 7,200 square ft. of Retail Space Available for Lease
THE BAY TERRACE LIFESTYLE CENTER
Bayside — Queens, NY
Comments• Located in Densely Populated Queens County• A mix of National and Specialty Retailers,
Restaurants, and AMC Multiplex Theater• Ample free parking• Easily accessible form the Cross Island Parkway
and the Clearview Expressway
Radius Population Average H.H. Income
Total Households
1 mile 34,924 $88,838 14,814
3 miles 329,498 $81,977 122,846
5 miles 852,911 $78,750 297,199
For information, please contact:Patricia Walsh, Leasing Dept.(718) [email protected]
A new shopping and office destination for the Indo-American community…
• 856 – 2,975 sq.ft. available
• Close proximity to Routes 1, 27, 130 & NJ Turnpike promotes easy access for destination shopping
• Residential community of 1,655 homes, condos, town houses and apartments within walking distance
• From 1990 to 2000, the population within a one mile radius increased by 20.8%, with the Indo-American population increasing by 26% during the same time period.
• Average household income of $122,599 within a one mile radius
• Population of 210,283 within a five mile radius
Hidden Lake Towne Center has a total GLA of 43,558 sq.ft., 10,000 sq.ft. of which is devoted to second-floor office space. Ample parking is available. The buildings are grouped facing each other and form an irregular and interesting pentagonal interior courtyard. This area is landscaped and contains sitting areas and a modern version of the town square clock tower. It’s a warm, inviting place, destined to attract fine shops, restaurants and business establishments.
The residential units at Hidden Lake provide captivated shoppers with 407 detached single-family homes, 110 attached single-family homes, 220 patio homes, 200 townhomes, 120 court homes, 90 condominium flats, and 500 rental apartments.
The development is zoned for office, retail, food, education, and other professional uses in a neighborhood location.
Hidden Lake Towne CenTer in norTH BrunswiCk, nJ
For leasing information, please contact
Ann O’Neal | [email protected] | 1-800-732-5856
fullpagead2009.indd 2 11/12/2009 4:54:25 PM
376, has a 3,800 sq.ft. space available along with a pad site. Cotenants include CVS and GNC. Mamaroneck – Seaport Plaza, located on Route 1/Boston Post Road, has a 6,920 sq.ft. endcap available. Cotenants include Subway and The UPS Store. Newburgh – Newburgh Towne Center, located on Route 300, has a 1,400 sq.ft. space available. Super Stop & Shop anchors the center and cotenants include Marshalls and dressbarn. Also, ShopRite Plaza, located on Route 32/North Plank Road, has spaces available from
1,600 sq.ft. to 8,100 sq.ft. ShopRite anchors the center and cotenants include Bank of America. Nyack – A 3,300 sq.ft. former Chase Bank located on Main Street is available for sublease. Patterson – Patterson Commons, located on Route 22, has a 1,890 sq.ft. space available along with a pad site. A&P anchors the center and cotenants include Dunkin’ Donuts and Dollar Tree. Pawling – Pawling Park, located on Route 22, has spaces available from 1,750 sq.ft. to 13,000 sq.ft. Pearl River – A 3,600 sq.ft. Chase Bank located on East Central Avenue is available
for sublease. Saugerties – Saugerties Plaza, located on Route 212/Route 32, has spaces available from 2,200 sq.ft. to 32,400 sq.ft. along with a pad site. Cotenants include CVS, Blockbuster Video and Subway. Tappan – Spaces from 500 sq.ft. to 3,200 sq.ft. located along Route 303 are available. Wappingers Falls – Lafayette Plaza, located on Route 9, has spaces available from 1,520 sq.ft. to 10,000 sq.ft. Area retail includes Kohl’s and Hannaford. The average daily traffic count is 45,000 vehicles. Yonkers – Centfort Plaza, located on Central Avenue, has spaces available from 1,700 sq.ft. to 5,000 sq.ft. Cotenants include GameStop, Vitamin Shoppe and Dunkin’ Donuts. Also, a 4,000 sq.ft. space located on Main Street is available. Area retail includes Key Bank, Retro Fitness and Verizon FIOS. For details, contact Royal Properties, Inc., 850 Bronx River Road, Bronxville, NY 10708; 914-237-3403, Fax 914-237-0196; Web site: www.royalpropertiesinc.com.
Baldwin – Baldwin Square has spaces available from 800 sq.ft. to 4,200 sq.ft. Cotenants include Best Buy and Applebee’s. Bayshore – Bay Shore Commons has spaces available from 1,450 sq.ft. to 13,000 sq.ft. Cotenants include Stop & Shop, Rent-A-Center and Blockbuster Video. Bethpage – Bethpage Commons has spaces available from 3,025 sq.ft. to 5,000 sq.ft. Cotenants include Autobarn and Dunkin’ Donuts. Bohemia – Bohemia Commons has an 800 sq.ft. space available. Cotenants include Lucille Roberts and CVS. Hauppauge – Adams Commerce Plaza has a 1,200 sq.ft. space available. Cotenants include Dunkin’ Donuts, Pomodorino and Blimpie. Lake Ronkonkoma – Lake Shore Plaza has a 9,614 sq.ft. space available. Cotenants include Waldbaum’s, RadioShack and Chase Bank. Nanuet – Nanuet Mall South has a 1,500 sq.ft. space available. Cotenants include Premier Fitness and Jenny Craig. Nyack – Tali Plaza of Nyack has spaces available from 1,339 sq.ft. to 2,289 sq.ft. Cotenants include Riverspace Arts Theater, Subway and H&R Block. Seaford – Kenmor Plaza has a 2,013 sq.ft. space available. Cotenants include Blockbuster Video and Flynn & O’Hara Uniforms. Spring Valley – Spring Valley Marketplace has spaces available from 1,174 sq.ft. to 4,400 sq.ft. Cotenants include Michaels, Bed Bath & Beyond and Christmas Tree Shops. For details, contact Charles Hirsch, Tom LiPuma or Rubin Pikus, Milbrook Properties, Ltd., 42 Bayview Avenue, Manhasset, NY
page 86 December 11, 2009 The Dealmakers www.dealmakers.net
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Jim Kahn Kahn & Co. Real Estate
215-654-0500
AMERICA’S DRIVE IN
FOR SOUTHERN AND CENTRAL PENNSYLVANIA AND SOUTHERN NEW JERSEY
11030; 516-869-1240, Fax 516-869-8576; Emails: [email protected], [email protected] and [email protected]; Web site: www.millbrookproperties.com.
Brooklyn – A 3,455 sq.ft. space located at the intersection of 13th Avenue and 45th Street is available. Area retail includes Commerce Bank, Closeout Connection, M&M Shoes, Apple Savings Bank, Coat Arcade, Sock Exchange, Focus Computer, Majestic Home Décor, Mimi, Payless ShoeSource, Elzee, HSBC, The Children’s Place, Park Avenue Bank, 99 Cents, Juvenile Furniture, Marcy Clothing, Lare Drugs, Novella, Silver Town, Bridal Fashions, Ragazzi Men’s, Judaica, Liberty Bank, Capital One Bank, United Colors of Benetton and Kosher Delight. Area demographics include a population of 170,262 within one mile earning $49,878 as the average household income. Commack – Mayfair Shopping Center, located on Jericho Turnpike, has spaces available of 2,500 sq.ft. and 3,212 sq.ft. along with a 2,500 sq.ft. pad site and endcaps of 3,500
sq.ft. and 20,000 sq.ft. Cotenants include Waldbaum’s, Gap/Gap Kids, Ann Taylor Loft, Jos. A. Bank, Talbots Outlet, Claire’s, MJM Shoes, GameStop, Rite Aid and Outback Steakhouse. Area demographics include a population of 199,492 within five miles earning $116,531 as the average household income. The average daily traffic count is 27,000 vehicles. For details regarding the Brooklyn property, contact Raymond Harari, Levin Management Corp.; 800-488-0768 Ext. 297; Web site: www.levinmgt.com. For details regarding the Commack property, contact Jason Frantzman; 800-488-0768 Ext. 266; Email: [email protected].
Brooklyn Heights – The Shops at One Brooklyn Ridge Park, a mixed-use center located at the intersection of Atlantic Avenue and Furman Street, has spaces available from 800 sq.ft. to 30,000 sq.ft. New York – A building located on West 38th Street between Fifth Avenue and Sixth Avenue has a divisible ground-floor space of 10,000 sq.ft. available along with lower- and second-floor spaces of 10,000 sq.ft. Area retail includes Pret A
Manger, Duane Reade, Valley National Bank, Starbucks, Pax Foods, Staples and GNC. Area draws include Times Square and Herald Square. Also, a building located on West 60th Street between Amsterdam Avenue and West End Avenue has spaces available from 824 sq.ft. to 3,435 sq.ft. Area retail includes CVS, Duane Reade, D’Agostino, Chase Manhattan Bank, Starbucks, ABC Studios, Rosa Mexicano, Ethan Allen and HSBC. Area draws include St. Luke’s Roosevelt Hospital and John Jay College. Also, a divisible space of 37,000 sq.ft. located at the intersection of 44th Street and 5th Avenue is available. Also, a divisible space of 17,600 sq.ft. located at the intersection of 39th Street and 5th Avenue is available. Also, a divisible space of 47,000 sq.ft. located at the intersection of 32nd Street and 6th Avenue is available. Also, a divisible space of 100,000 sq.ft. located at the intersection of West 42nd Street and 11th Avenue is available. Also, Columbus Square, located along Columbus Avenue from 97th Street to 100th Street, has space available. Area retail includes Whole Foods Market, Michaels, Modell’s, Borders, Sephora, Duane Reade, Chase Bank, Bank of America, Crumbs, Mandell School and T.J. Maxx. For details, contact Jeff Winick, Winick Realty Group, LLC, 655 Third Avenue, 8th Floor, New York, NY 10017; 212-792-2601/2611, Fax 212-792-2660; Emails: [email protected]; Web site: www.winick.com. For additional details regarding the Brooklyn property, contact Diana D. Boutross or Lee Block; 212-792-2600. For additional details regarding the West 38th Street property, contact David Harary; 212-792-2611; Email: [email protected]. For additional details regarding the West 60th Street property, contact Steven E. Baker or Zach Fox; 212- 792-2636/2639; Email: [email protected] and [email protected]. For additional details regarding the 44th Street property, contact Darrell Rubens or Lori Shabtai; 212-792-2601. For additional details regarding the 39th Street property, contact Steven E. Baker. For additional details regarding the 32nd Street property, contact Benjamin Fox. For additional details regarding the West 42nd Street property, contact Adrienne Shea or Michael Gleicher. For additional details regarding Columbus Square, contact Lori Shabtai.
Buffalo – McKinley Mall, a 954,492 sq.ft. center located at the intersection of McKinley Parkway and Milestrip Road, has spaces available from 640 sq.ft. to 30,000 sq.ft.
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Tom Torelli203-661-5800
BesT locaTion on
Greenwich ave.
2,318 sF cole haanKate spade
Tory Burchlucky Brand
Join
Prime Greenwich, cT reTail
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Sears, Macy’s/Macy’s Home, JCPenney, The Bon-Ton, Bed Bath & Beyond, Best Buy and Barnes & Noble anchor the center. Cotenants include American Eagle Outfitters, Bath & Body Works, Dipson Theatres, Gap, Hollister, Hot Topic, PacSun, Zumiez and Ulta. Area demographics include a population of 441,802 within 10 miles earning $52,170 as the average household income. The average daily traffic count is 61,563 vehicles. For details, contact Joseph S. Soussana, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 847-966-9240, Fax 610-664-1976; Email: [email protected]; Web site: www.stoltzusa.com.
Deer Park – Kohl’s Plaza, a 182,875 sq.ft. center located at the intersection of Commack Road and Grand Boulevard, has a planned 8,000 sq.ft. space available. Kohl’s and Super Stop & Shop anchor the center. Glenville – A 128,485 sq.ft. former Kmart located at the intersection of Route 50/Saratoga Road and Glenridge Road is available. Holtsville – Island 16 Cinemas Shopping Center, a 117,342 sq.ft. center located at the intersection of Nicholls Road and Long Island Expressway, has an outlot available. Cotenants include National Amusements Theater and Chili’s. Latham – Kmart Shopping Center, a 118,863 sq.ft. center located at the intersection of Route 7 and Swatling Road, has a divisible 10,000 sq.ft. outlot available. Monroe – Harriman Commons, a 656,198 sq.ft. center located at the intersection of Route 17/Route 6 and Route 32, has anchor space and outlots available as well as expansion space. Walmart, Home Depot, BJ’s Wholesale Club, Target, HomeGoods and Best Buy anchor the center. Nanuet – Home Depot Plaza, a 250,000 sq.ft. center located at the intersection of Route 59 and Hutton Avenue, has a pad site available. Home Depot and Staples anchor the center. Staten Island – Lowe’s West Shore Center, a 166,600 sq.ft. center located at the intersection of Interstate 440/Veterans Road West and Arthur Kill Road, has a 7,000 sq.ft. pad site available. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Hudson Falls - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots.
New Paltz - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. Poughkeepsie - Spaces from 1,000 sq.ft. to 6,000 sq.ft. are available along with outlots. For details, contact Rob Mehlich Jr., Mehlich Associates; 914-793-5050; Web site: www.mehlichassoc.com.
Manhasset – A multi-level space totaling 5,600 sq.ft. located on Northern Boulevard is available. Area retail includes Ethan Allen, Lord & Taylor, Sur La Table and Barnes & Noble. New York – A multi-level building totaling 3,000 sq.ft. located at the intersection of Third Avenue and 59th Street is available. Area retail includes Bloomingdale’s, Ethan Allen, Urban Outfitters, Clarks and Home Depot. New York – A 2,300 sq.ft. space located on Third Avenue between East 49th Street and 50th Street is available. Area retail includes bebe, Smith & Wollensky and Cohen’s Fashion Optical. For details, contact Faith Hope Consolo or Joseph Aquino, Prudential Douglas Elliman Real Estate; 212-418-2000/2018; Emails: [email protected] and [email protected]; Web sites: www.faith-consolo.com and www.elliman.com.
Newburgh – Palmerone Farms, a 28,800 sq.ft. neighborhood center situated on 10 acres at the intersection of Route 300 and Route 17K, has a 2,300 sq.ft. pad site available. Longhorn Steakhouse, Chili’s, Panera Bread and Verizon Wireless anchor the center. Area retail includes Lowe’s Home Improvement, Home Depot, Kohl’s and Target. Area draws include Stewart Airport. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: [email protected]; Web site: www.developers-realty.com.
New York – A multilevel space totaling 4,857 sq.ft. located on Crosby Street between Broadway and Lafayette Street is available. Area draws include New York University. For details, contact Marvin R. Shulsky, Shulsky Properties, Inc.; 212-685-1514, Fax 212-685-3610.
New York – A 1,175 sq.ft. space located between 47th Street and 48th Street is available. Area retail includes Olive Garden, Subway and WaMu. For details, contact Sherwood Equities, 745 Fifth Avenue, New York, NY 10151; Email: [email protected].
Clarkson Plaza3050 Kietzke
Reno, NV 89502
Request additional informationMark Hallenbeck, Hallmark Inv. & Mgmt. LLC (775) 786-8488
ONE SPACE AVAILABLE
• 7,908 SF 1,270 sf of office upstairs Included in the square footage, 6,638 sf on the ground floor
• Rental Rate $1.00/SF/Month
• Property Type Street Retail
• Lease type: NNN• Building Size
24,753 SF• Traffic count
28,800 cars daily• Anchor tenant
Big O’ Tire• Highlights
Lighted intersection; Personal monument sign & street signage; central Reno location; immediate occupancy; newly built out space
• Description This space has been used for grocery and a thrift store. Great tenant mix
• Lease incentives: ASK!• The State of Nevada
offers one of the most tax and business friendly environments of any state.
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Staten Island – Coral Island Shopping Center has spaces available from 840 sq.ft. to 2,980 sq.ft. Also, Tottenville Square has spaces available from 1,164 sq.ft. to 8,002 sq.ft. For details, contact Helen Vitaliano, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 718-980-7684, Fax 919-424-0001; Email: [email protected]; Web site: www.rivercrestrealty.com.
West Islip – Captree Shopping Center, located at the intersection of Union Boulevard and Higby Lane, has spaces available of 1,589 sq.ft. and 2,040 sq.ft. King Kullen Supermarket anchors the center and cotenants include Capital One Bank, Blockbuster Video, Rite Aid, Astoria Federal Savings, Dunkin’ Donuts and U.S. Postal Service. For details, contact Bob Huhem, Majestic Property Affiliates, Inc., 60 Cutter Mill Road, Great Neck, NY 11021; 516-466-3100, Fax 516-466-3132; Email: [email protected].
West Seneca – A 5,566 sq.ft. freestanding building located on Ridge Road is available. The asking rent is $7.75 psf. Yonkers – A 7,920 sq.ft. freestanding building located on Central Avenue is available. The asking rent is $32 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
North Carolina
Advance – Kinderton Place has spaces available of 1,325 sq.ft. and 1,773 sq.ft. Chapel Hill – Timberlyne has spaces available from 1,201 sq.ft. to 2,010 sq.ft. Charlotte – Archdale Marketplace has spaces available from 2,410 sq.ft. to 4,018 sq.ft. Also, Royal Plaza has spaces available from 1,259 sq.ft. to 6,696 sq.ft. Durham – Parkway Plaza has a 2,633 sq.ft. space available. Also, The Village has spaces
available from 997 sq.ft. to 11,488 sq.ft. Forest City – Hillside Plaza has spaces available from 2,012 sq.ft. to 24,962 sq.ft. Hendersonville – Highlands Square has spaces available from 2,508 sq.ft. to 8,513 sq.ft. Raleigh – Millbrook Collection has spaces available from 1,227 sq.ft. to 1,452 sq.ft. Shelby – Creekside Plaza has a 3,115 sq.ft. space available. Smithfield – Smithfield Plaza has spaces available of 1,514 sq.ft. and 3,023 sq.ft. Southport – Tidewater Plaza has a 3,020 sq.ft. space available. Taylorsville – A center has spaces available of 1,211 sq.ft. and 8,537 sq.ft. Winston-Salem – Hanes Commons has spaces available from 1,117 sq.ft. to 18,294 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: [email protected]; Web site: www.rivercrestrealty.com.
Ohio
Ashtabula – Home Depot Plaza, a 130,000 sq.ft. center located at the intersection of
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For 30 years, we’ve provided our clients with a complete package of major mall, open-air shopping center, and lifestyle/specialty location information in Print, on CD and Online.
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Route 20 and Orchard Road, has expansion space available along with a pad site. Findlay – Hobby Lobby Plaza, located at the intersection of Tiffin Avenue and Croy Drive, has anchor space available along with an outlot. Hobby Lobby anchors the center. Oregon – A 4.645-acre parcel located at the intersection of Dustin Road and Isaac Street Drive is available. Area retail includes Kmart. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Dayton – Washington Park Plaza, a 178,750 sq.ft. center, has spaces available from 1,600 sq.ft. to 22,953 sq.ft. Cotenants include Old Time Pottery, United Art, Arrow Wine & Spirit, Hometown Buffet and Harrigan’s Tavern. Area retail includes Sam’s Club. For details, contact Jeffrey James or Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.
Mansfield – A 4,800 sq.ft. freestanding building located on West 4th Street is
available. The asking rent is $9.75 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Pennsylvania
Allentown – Home Depot Plaza, a 220,000 sq.ft. center located at the intersection of Route 78 and Lehigh Street, has a 9.82-acre outlot available. Carlisle – A 140,715 sq.ft. center located at the intersection of Route 34/Hanover Street and Interstate 81 has a 10,584 sq.ft. expansion space available. Cotenants include Home Depot and Chili’s. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Altoona – A 3,249 sq.ft. freestanding building located on Pleasant Valley Boulevard is
available. The asking rent is $11 psf. Bristol – A 7,020 sq.ft. freestanding building located on Route 13 is available. The asking rent is $12 psf. Warminster – A 2,304 sq.ft. freestanding building located on York Road is available. The asking rent is $14.75 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Bloomsburg – Columbia Plaza, an 11,578 sq.ft. neighborhood center located on Route 11/Columbia Boulevard, has a 5,800 sq.ft. space available. Cotenants include Blockbuster Video. Area draws include Bloomsburg University. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: [email protected]; Web site: www.developers-realty.com.
Irwin – Norwin Hills, a 244,364 sq.ft. center, has spaces available from 800 sq.ft. to 31,000
page 94 December 11, 2009 The Dealmakers www.dealmakers.net
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Ohio Ohio Pennsylvania
1,450–13,000 SF available
Chris Hanington 609-921-6234 [email protected]
www.princetonshoppingcenter.com
MaJOR ReNOvaTiON JUST COMPleTeDPRiMe ReTail SPaCe iMMeDiaTelY available
Princeton’s classic 228,000 SF, 1955-vintage, open-air shopping mall — featuring 55 stores, restaurants and services with 1,300 parking spaces surrounding 2 acres of a beautifully landscaped courtyard.
DeMOGRaPHiCS (5–Mile Radius)
Population: 78,592
Average Household Income: $148,008
Median Household Income: $114,587
aNCHORS
CURReNT TeNaNTSGreat Clips
PNC Bank
The UPS Store
Quiznos
Dunkin’ Donuts
Radio Shack
Hallmark
Edward D. Jones
and more…
Prime Retail Leasing Opportunities!Long Island, NY
For leasing information, contact: Bob Huhem 516-466-310060 Cutter Mill Road
Great Neck, NY 11021Fax: 516-466-3132
Email: [email protected]
M a j e s t i c Property Affiliates, Inc.
caPtRee sHOPPiNG ceNteRUNION BLVD. & HIGBY LANE
WEST ISLIP, N.Y. 11795IN-LINE
1,589 SF (FORMERLY CURVES)2,040 SF (FORMERLY TACO BELL)
Join aNcHORs...
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sq.ft. Cotenants include Aldi, Rite Aid, Goodwill Industries, GNC, Galaxy Fitness and Fashion Bug. Pittsburgh – Kennywood Shops, a 198,210 sq.ft. center, has spaces available from 1,640 sq.ft. to 31,400 sq.ft. along with a 4,000 sq.ft. outlot. Cotenants include Giant Eagle, Famous Labels, Dollar General and Fashion Bug. For details, contact Sam Cooper, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.
Philadelphia – Wadsworth Plaza, located at the intersection of Cheltenham Avenue and Wadsworth Avenue, has spaces available of 1,500 sq.ft. and 2,400 sq.ft. along with a 1,925 sq.ft. endcap. Cotenants include Rent-A-Center, Dunkin’ Donuts, United Bank of Philadelphia, Sneaker Villa, Family Dollar and CVS. Area retail includes Walmart, Pathmark, Toys “R” Us, Modell’s, A.J. Wright, Old Country Buffet, Bally Total Fitness and Cedarbrook Plaza. Area demographics include a population of 482,563 within five miles earning $68,278 as the average household income. The average daily traffic count is 20,900 vehicles. Scranton – Southside Shopping Center, located at the intersection of South Washington Avenue and Elm Street, has spaces available of 5,600 sq.ft. and 6,000 sq.ft. along with a pad site. Cotenants include Rite Aid, Super China Buffet, Sally Beauty Supply, H&R Block, Alfredo’s Italian Restaurant, Rent-A-Center, Dollar Tree, Gertrude Hawk Chocolates, The Shack and McDonald’s. Area demographics include a population of 114,646 within five miles earning $46,198 as the average household income. The average daily traffic count is 15,000 vehicles. For details, contact Paragon Management Group, LLC, 276 Post Road West, Suite 201, Westport, CT 06880; 888-255-3188, Fax 203-221-7078; Web site: www.paragonct.com.
Rhode Island
Warwick – A 4,800 sq.ft. freestanding building located on Lambert Lind Highway is available. The asking rent is $10.50 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-
7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
South Carolina
Anderson – Anderson Pavilion, a 64,221 sq.ft. center, has a 3,150 sq.ft. endcap available. Publix anchors the center. Charleston – West Ashley Shoppes, a 136,260 sq.ft. center, has spaces available from 1,050 sq.ft.
to 4,900 sq.ft. along with a 1.49-acre outlot. Cotenants include Ross Dress for Less, Cost Plus World Market, Bed Bath & Beyond and Catherines. Rock Hill – Market on Cherry Road, a 129,518 sq.ft. center, has spaces available from 1,500 sq.ft. to 2,000 sq.ft. along with a 0.8-acre outlot. Cotenants include Office Depot, Big Lots, Anna’s Linens, Lebo’s, It’s Fashion Metro and Payless ShoeSource. For details, contact Jeffrey James or Michael Mahan Jr., Lamar Cos., 365 South
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www.dealmakers.net The Dealmakers December 11, 2009 page 95
Pennsylvania Rhode Island South Carolina
Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.
Boiling Springs – Boiling Springs Center has spaces available of 2,006 sq.ft. and 3,009 sq.ft. Columbia – Northpointe Commons has spaces available from 1,995 sq.ft. to 35,000 sq.ft. Florence – Southside Commons has a 3,193 sq.ft. space available. Gaffney – Piedmont Plaza has spaces available of 2,003 sq.ft. and 3,213 sq.ft. Georgetown – Plantation Plaza has a 3,011 sq.ft. space available. Greenville – Haywood Plaza has spaces available from 1,020 sq.ft. to 5,374 sq.ft. Also, Shoppes at Woodruff has spaces available from 1,482 sq.ft. to 4,008 sq.ft. Also, White Horse Commons has a 4,007 sq.ft. space available. Greenwood – Westwood Plaza has spaces available from 4,532 sq.ft. to 27,436 sq.ft. Greer – Hillview Plaza has spaces available of 2,018 sq.ft. and 3,007 sq.ft. Lexington – East Towne Square has a 4,745 sq.ft. space available. Also, Village Square has spaces available of 792 sq.ft. and 1,444 sq.ft. Myrtle Beach – Northwood Plaza has spaces available from 1,122 sq.ft. to 6,422
sq.ft. Also, Plantation Point has spaces available from 1,423 sq.ft. to 4,128 sq.ft. Surfside Beach – Surfside Commons has a 4,023 sq.ft. space available. For details, contact Debbie Lewis, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: [email protected]; Web site: www.rivercrestrealty.com.
Tennessee
Chattanooga – A 1,548 sq.ft. freestanding building located on Brainerd Road is available. The asking rent is $9.50 psf. Knoxville – A 5,400 sq.ft. freestanding building located on Chapman Highway is available. The asking rent is $6.75 psf. Memphis – A 4,550 sq.ft. freestanding building located on Winchester Road is available. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected],
[email protected] and [email protected]; Web site: www.kinproperties.com.
Cookeville – Cumberland Station has spaces available of 895 sq.ft. and 3,000 sq.ft. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: [email protected]; Web site: www.rivercrestrealty.com.
Oak Ridge – Briarcliff Center, located on Briarcliff Avenue, has spaces available from 1,200 sq.ft. to 3,000 sq.ft. National Fitness shadow-anchors the center. The asking rent is $18 psf. For details, contact Ben Sullivan or Tim Hickey, Holrob, 5500 Lonas Drive, Suite 300, Knoxville, TN 37909; 865-342-8735 or 865-637-3770; Emails: [email protected] and [email protected].
Texas
Abilene – A 4,860 sq.ft. freestanding building located on North First Street is available.
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Wakefern Food Corporation is the largest retailer-owned cooperative in the United States. We have two formats: ShopRite Supermarkets, a full service supermarket, (65,000-90,000 square feet) and PriceRite our limited assortment, low-priced oriented supermarket (35,000-45,000 square feet).
We currently have 215 ShopRite and 41 PriceRite locations. We are aggressively seeking growth opportunities over the next 18 months, in all of our current market areas: Maryland, Delaware, Pennsylvania, New Jersey, New York, Connecticut, Rhode Island and Massachusetts, with specific growth targeted for the 5 Boroughs of New York, Long Island and Maryland.
For more information please contactTish Daly, Manager of Real Estate, Wakefern Food Corporation
33 Northfield Avenue, Edison, NJ 08818. 732-906-5371
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The asking rent is $4.95 psf. Amarillo – A three-acre parcel located on Southwest 45th Street is available. Austin – A 27,720 sq.ft. freestanding building located on East Braker Lane is available. The asking rent is $9 psf. Grand Prairie – A 16,467 sq.ft. freestanding building located on Belt Line Road is available. The asking rent is $5 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Hickory Creek – A divisible 3,600 sq.ft. endcap is available. Walmart Supercenter shadow-anchors the site and cotenants include GameStop, Cato and Chase Bank. For details, contact Andrew Sanderson, Tom Fouts Commercial, 1200 South Woodrow Lane, Suite 100, Denton, TX 76205; 940-382-1541; Email: [email protected]; Web site: www.dentontx.com.
Lewisville – Garden Park, a 178,335 sq.ft. center, has spaces available from 1,030 sq.ft. to 30,090 sq.ft. along with a 0.73-acre outlot. Cotenants include Stein Mart, Christian Family Bookstore and Oishi Hibachi & Sushi. North Richland Hills – Rufe Snow Village, a 99,331 sq.ft. center, has spaces available from 247 sq.ft. to 45,528 sq.ft. along with a 0.37-acre outlot. Cotenants include Aaron’s, American General Finance, Jackson Hewitt, Baskin Robbins and CD Warehouse. For details, contact Jeffrey James, Lamar Cos., 365 South Street, Morristown, NJ 07960; 877-797-1472 or 727-403-7777, Fax 727-517-2276; Web site: www.lamarcompanies.com.
San Antonio – Fossil Creek, a 34,069 sq.ft. center, has spaces available from 1,200 sq.ft. to 6,000 sq.ft. Cotenants include CVS, Tap Exchange Alehouse & Grill and Wok on Wheels. Area demographics include a population of 115,693 within five miles earning $106,509 as the average household income. The asking rent ranges from $23 psf to $25 psf with CAM, insurance and taxes of $4.78 psf. For details, contact Whit Jordan, Reata Real Estate Services, 7330 San Pedro Avenue, Suite 710, San Antonio, TX 78216; 210-841-3261; Email: [email protected].
Bluefield – Ridgeview Plaza has a 30,012 sq.ft. space available. Martinsville – Mountainville Plaza has spaces available from 1,998 sq.ft. to 9,014 sq.ft. Radford – Peppers Ferry Centre has spaces available of 1,608 sq.ft. and 2,776 sq.ft. South Boston – A 1,202 sq.ft. space is available. For details, contact Vijay K. Shah, Rivercrest Realty Investors, 8816 Six Forks Road, Suite 201, Raleigh, NC 27615; 919-518-2000, Fax 919-424-0001; Email: [email protected]; Web site: www.rivercrestrealty.com.
Fairfax City – A 7,029 sq.ft. freestanding building located on Lee Highway is available. The asking rent is $39.75 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
Richmond – Food Lion Plaza, located at the intersection of Route 1/Jefferson Davis Highway and Chippenham Parkway, has outlots available. For details, contact Thomas G. Mirandi, RD Management, LLC, 810 Seventh Avenue, 28th Floor, New York, NY 10019; 212-265-6600 Ext. 239, Fax 212-265-8250; Email: [email protected]; Web site: www.rdmanagement.com.
Richmond – Pocono Crossing Shopping Center, a 180,845 sq.ft. center located on Route 60/Midlothian Turnpike, has a 3,000 sq.ft. space available. Burlington Coat Factory and Chuck E. Cheese’s anchor the center. Cotenants include Lonestar Steakhouse, Catherines, Party City, Verizon Wireless, Taco Bell and SunTrust Bank. Area demographics include a population of 126,928 within five miles earning $86,633 as the average household income. The average daily traffic count is 62,000 vehicles. Also, Oxbridge Square Shopping Center, a 127,801 sq.ft. center located at the intersection of Route 360/Hull Street Road and Courthouse Road, has spaces available from 1,014 sq.ft. to 2,986 sq.ft. Ukrop’s and Harley Davidson anchor the center. Cotenants include Ace Hardware, Barnett’s Hallmark and Starbucks. Area demographics include a population of 115,921 within five miles earning $77,428 as the average household income. The average
BOARDMAN, OH
FOR sAle/leAse181,595 sq ft; adjacent to Walmart/Giant
Eagle/Lowes; 10,000-100,000 sq ft for Lease; busiest intersection in Mahoning County.
Outparcel available.
BOARDMAN, OH
FOR leAse28,881 sq ft available; signalized entrance; Target/Kohls/Barnes & Noble/Best Buy/TJ Maxx/Bed Bath and Beyond; High traffic;
excellent visibility.
WARReN/CORTlAND, OH
FOR leAseLocated at the only entrance to a new Super Walmart; join Alltel, Great Clips, Game Stop, American General, and a NEW McDonalds.
Outparcel available.
BOARDMAN/CANFIelD, OH
FOR sAle33,000 sq ft at major intersection; 2.11 acres; can
be subdivided into small shops. $1,700,000.
www.KutlickRealtyllC.com
Space place FOR LEASEFOR LEASE
FOR LEASE
FOR LEASE
Texas Virginia
(continued on page ninety-eight)
www.dealmakers.net The Dealmakers December 11, 2009 page 97
daily traffic count is 57,000 vehicles. For details, contact Barbara Sacks, Stoltz, 725 Conshohocken State Road, Bala Cynwyd, PA 19004; 888-777-3557 Ext. 204, Fax 610-664-1976; Email: [email protected]; Web site: www.stoltzusa.com.
Warrenton – Warrenton Towne Centre, a 123,205 sq.ft. center, has spaces available of 2,858 sq.ft. and 15,922 sq.ft. along with a 4,520 sq.ft. bank pad site. Cotenants include Gold’s Gym, Country Cooking, Tuesday Morning, Bloom, BB&T, CVS, Dollar General, The White Elephant, WE Exchange, Regis Salon, State Farm Insurance, Granpa Groovey’s and Jackson Hewitt Tax Service. Area demographics include a population of 55,481 within 10 miles earning $111,215 as the average household income. For details, contact Bill Dickinson, Fraser Schaufele and Melissa Webb, The Rappaport Cos., 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 703-310-6983 or 571-382-1223/1227, Fax 571-382-1210; Emails: [email protected], [email protected] and [email protected]; Web site: www.rappaportco.com.
Williamsburg – New Town Shops on Main, a 253,000 sq.ft. center located on Monticello
Avenue, has spaces available from 1,171 sq.ft. to 10,778 sq.ft. along with two 9,000 sq.ft. outlots. Cotenants include Barnes & Noble, Buffalo Wild Wings, Regal Cinemas, Panera Bread and Lane Bryant. For details, contact Kelly Voss, Developers Realty Corp., 433 South Main Street, West Hartford, CT 06110; 860-561-0121, Fax 860-521-4323; Email: [email protected]; Web site: www.developers-realty.com.
Washington, DC
Washington, DC – Chevy Chase Pavilion, a mixed-use center featuring 150,000 sq.ft. of retail on Wisconsin Avenue Northwest, has spaces available from 510 sq.ft. to 10,207 sq.ft. Cotenants include Cost Plus World Market, Tree Top Kids, La Musa, Rainbow Salon, Bon Voyage, Pottery Barn, Starbucks, Washington Sports Club, Ann Taylor Loft, Richey Shoes, CVS, Simply Wireless, J. Crew, Alpaca, The Cheesecake Factory, T-Mobile and Stein Mart. Area retail includes Chevy Chase Center, featuring Clyde’s, Lacoste, Giant Food, Papyrus and Chevy Chase Bank; Friendship Center, featuring Loehmann’s, Maggiano’s and Borders; Mazza Gallerie, featuring Williams Sonoma, Saks Men’s Store, Filene’s, AMC Theaters and Neiman Marcus, and The Collection, featuring Tiffany, Georgette
Klinger, Jimmy Choo, Louis Vuitton, Gucci, Bvlgari, Famosa, Max Mara, Dior, Barney’s Co-Op, Cartier and Ralph Lauren. Area demographics include a population of 543,170 within five miles earning $132,180 as the average household income. The average daily traffic count is 29,000 vehicles. For details, contact Bill Dickinson, Mike Howard and Melissa Webb, The Rappaport Cos., 8405 Greensboro Drive, 8th Floor, McLean, VA 22102-5121; 703-310-6983 or 571-382-1219/1227, Fax 571-382-1210; Emails: [email protected], [email protected] and [email protected]; Web site: www.rappaportco.com.
West Virginia
Martinsburg – A 23,744 sq.ft. freestanding building located on North Queen Street is available. The asking rent is $3.50 psf. For details, contact Len Weiselberg, Robert Crum or Matthew Makler, Kin Properties, 185 Northwest Spanish River Boulevard, Suite 100, Boca Raton, FL 33431; 888-546-7767 Ext. 112/117/118, Fax 561-955-9921; Emails: [email protected], [email protected] and [email protected]; Web site: www.kinproperties.com.
page 98 December 11, 2009 The Dealmakers www.dealmakers.net
Space placeFOR LEASEFOR LEASE
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(continued from page ninety-seven)
DM
GET TOGETHER
InspIRInG. ImpROvInG. TOGETHER.
Good business is not just about where you’ve been - it’s about where you’re GoinG next. the next connection. the next lead. the next deal. the next move. at the retail network, we brinG retail real estate professionals toGether in innovative ways, helpinG to set the framework for the future of this industry. because it’s not just about the individual – it’s about all of us. it’s about how we come toGether to form a like-minded community, one that’s advanced not only by innovation, but by inteGrity, support and, most of all, passion.
www.theretailnetwork.org
Dealmakers AD_v1.indd 1 11/4/09 1:18:12 PM
page 100 December 11, 2009 The Dealmakers www.dealmakers.net
MoSt Valuable playerS
10 Spot/Madrag ...................................................................... Pg. 86
Acadia Realty Trust ................................................................. Pg. 51
AEI Capital Corporation .......................................................... Pg. 20
Allied Property Group ............................................................ Pg. 88
Amcap, Incorporated .............................................................. Pg. 59
ARC Properties, Inc. ................................................................. Pg. 7
Aries Deitch & Endelson, Inc. ................................................. Pg. 64
AutoZone ............................................................................... Pg. 40
Borrus Associates .................................................................... Pg. 82
Cedar Shopping Centers, Inc. ................................................. Pg. 35
Center City Paterson, NJ ......................................................... Pg. 19
City of Bowie, Maryland ......................................................... Pg. 32
City of Cocoa, Florida ............................................................. Pg. 24
Cord Meyer Company LLC ..................................................... Pg. 84
Cullinan Properties, Ltd. ......................................................... Pg. 44
CVS Caremark Realty .............................................................. Pg. 31
Dealmakers, The .....................................................Pgs. 62, 79, 101
Developers Realty Corporation ............................................... Pg. 17
Dietz Partnership, The ............................................................ Pg. 28
Directory of Major Malls ......................................................... Pg. 93
DJM Realty ............................................................................. Pg. 43
DLC Management Corp. ..................................................Pgs. 52, 53
Dots ....................................................................................... Pg. 25
Edgewood Properties .......................................................Pgs. 38, 39
Excess Space Retail Services, Inc. ............................................ Pg. 26
Feil Organization, The .............................................. Pgs. 11, 13, BC
Goldstein Group, The ......................................................Pgs. 27, 49
Grubb & Ellis|Pacific Realty ................................................... Pg. 16
Hallmark Investment & Management LLC ............................... Pg. 90
Jeffery Realty, Inc. ................................................................... Pg. 58
Kahn & Co. Real Estate ........................................................... Pg. 87
Karpoff Affiliates LLC .............................................................. Pg. 41
Kay Realty Services LLC .......................................................... Pg. 42
Kin Properties ................................................................ Pgs. 63, IBC
Kutlick Realty LLC .................................................................. Pg. 97
KZA Engineering, P.A. ............................................................ Pg. 95
Lamar Companies ................................................................... Pg. 57
Learning Experience, The ....................................................... Pg. 89
Majestic Property Affiliates, Inc. .............................................. Pg. 94
Mall Properties, Inc. ........................................................Pgs. 36, 37
Mehlich Associates ............................................................... Pg. 100
Meislik & Meislik Retail Real Estate Law ................................. Pg. 98
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page 102 December 11, 2009 The Dealmakers www.dealmakers.net
MoSt Valuable playerS
Millbrook Properties, Ltd. ....................................................... Pg. 33
Nassimi Realty, LLC ................................................................ Pg. 81
National Interiors .................................................................. Pg. 100
Net Property Group LLC ......................................................... Pg. 60
New England Retail Properties, Inc. .................................. Pg. 74, 75
Nielsen Claritas ...................................................................... Pg. 30
Paracom Realty Corporation ................................................... Pg. 56
Park Center LLC ...................................................................... Pg. 96
Princeton Shopping Centers .................................................... Pg. 94
Pyramid Brokerage Company ................................................. Pg. 50
R.J. Brunelli & Co., Inc. .......................................................... Pg. 83
RCS Real Estate Advisors ........................................................ Pg. 21
RD Management LLC ......................................................Pgs. 65–68
Real Estate Southeast LLC ....................................................... Pg. 46
Retail Network, The ................................................................ Pg. 99
Rivercrest Realty Investors ...................................................... Pg. 73
Ronus Properties ..................................................................... Pg. 15
Royal Properties, Inc. .............................................................. Pg. 29
Schuckman Realty, Inc. ............................................................ Pg. 9
Shulsky Properties, Inc. ........................................................... Pg. 98
Simon Companies, The ........................................................... Pg. 80
Spandrel Group LLC, The ....................................................... Pg. 45
Stotlz Management Corporation ............................................. Pg. 47
Stuart Makler & Associates, Inc. .............................................. Pg. 22
TenantSearch .......................................................................... Pg. 91
TKO Real Estate Advisory Group ............................................ Pg. 85
Urstadt Biddle Properties, Inc. ................................................ Pg. 48
Vanguard Group, The ............................................................. Pg. 61
Vanick Properties Incorporated ............................................... Pg. 14
Wakefern Food Corporation ................................................... Pg. 96
Weiss Realty ........................................................................... Pg. 34
Welco Realty, Inc. ...........................................................Pgs. 54, 55
Winick Realty Group LLC .............................................Pgs. IFC, 3, 5
WLS Lighting .......................................................................... Pg. 92
Zelnik & Company LLC .......................................................... Pg. 23
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FO519.Crescent DMK 12-11-09 BC 11/11/09 3:25 PM Page 1