Shopping Center Digest ICSC Convention Issue April 27,2009

Vol. 38, No. 10

Published Twice Each Month

May 11, 2009

Murray Shor - Editor & Publisher (845) 348-7000, (800) 211-6858

(continued)

$349 per year

"TheLocations

Newsletter"

PO Box 837Nyack, NY

10960

Strolling the AGORA

(continued on P. J388)

didja hear...???

By Murray Shor

(Unless mentioned otherwise, all are enclosed, air-conditioned malls)

NEW AND EXPANDING CENTERSOVER 501,000 SQ. FT.

J385

RETAILERS SEEKING SPACEPage J395

©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960 (845) 348-7000 5/11/09


The Big Transformation of thisshopping center/retail industry has al-ready begun as an initial reaction tothe unheralded number of bankrupt-cies and liquida-tions of once-prominent ten-ants and land-lords. However,the record-break-ing contraction inthe number of ac-tual leading play-ers, according to many veterandealmakers, is only the beginning andwill be the forerunner of a new land-scape encompassing those able to re-act quickly as the economy improves.

“In a nutshell,” said Ira Meislik ofMeislik & Meislik, “it will be right-sizing…the retail industry drifts tomatch its market. The actual behaviorof individual consumers [will vary,but they are learning] that they can dowith less and they can shop at unfamil-iar, previously unconsidered stores[creating winners and losers as theindustry adjusts] to the new consumer

buying paradigm.”Though Edward Spivey of Edward

ARIZONAPhoenix: A 160,000 sq. ft. Costcostore to open in September ‘10 at 1.2million sq. ft. Paradise Valley Mall on90 acres at Cactus Rd and Tatum Blvdin Maricopa County (See SCD, P.J244); anchors Dillard’s, JCPenney,Macy’s, Sears; 150 stores; parking6400 cars; opened ‘78; population600,000 within 10 miles; averagehousehold income $53,600; developerWestcor Partners/Macerich, 11411 NTatum Blvd, Phoenix, AZ 85028, (602)953-6200, www.macerich.com.

CALIFORNIAUnion City: Smart & Final food storeto open in the space formerly occupiedby Linen’s ‘n Things at 700,000 sq. ft.Union Landing at I-880 between DyerSt and Whipple Ave in Alameda

County; existing anchors includeBorders Books, Best Buy, Lowe’s, BedBath & Beyond, Office Max, Babies‘R Us, Albertson’s/Sav-On, Wal-Mart,Michaels and Sports Authority; 30

The National Retail Federationand the Retail Industry Leaders As-sociation have agreed to merge as asingle trade association to provide a

united voice in Washington...EdChazen has joined The Ackman-ZiffReal Estate Group as managing di-rector; previously Chazen was withUrdang Capital Management...Multibrand Canadian quick-servicefranchisor MTY Food Group Inc hasestablished an agreement to buy bak-ery-cafe chain Country Style FoodServices Holdings Inc which owns

• Bed Bath & Beyond• Boston Pizza• Charlotte Russe• Church's Chicken• Coach• Dollar General• Hibbett Sports• Leeann Chin• Mandarin Express• Office Depot• Red Mango• Rumbi Island Grill• Sasha

Subscribers May Join New Industry GroupA new industry group dealing

with leasing and development inshopping centers has been formedon LinkedIn for subscribers toShopping Center Digest, an-nounced Editor-Publisher MurrayShor.

“The purpose of the group is toprovide another way for industrydealmakers to network, share in-formation, and sound off on sub-jects they feel strongly about. Thisis the foundation of the Strollingthe Agora column in the April 6issue, expanding on the effort byretailers to cut costs by limitinghours and days at the store level.”

Invitations were emailed to allsubscribers to Shopping Center Di-gest. “However, many subscribers,”said Shor, “have not given us theiremail addresses and cannot receive

the invitation.“If you are a subscriber and

have not received an invitation,and would like to,” he said, “pleaseemail me at [email protected] or write me with your emailaddress at Shopping Center Digest,P.O. Box 837, Nyack, NY 10960so we can process the request.”

J386 ©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960 (845) 348-70005/11/09

Strolling the AGORA(continued)Spivey Associates does not expect a“bounce back” like previous down-turns, “There will be great opportuni-ties for investors, however, in pickingup distressed retail assets and reposi-tioning them or renegotiating leaseterms, etc. Cash flow will once againbe the main factor in determining assetvalues, and tenants will likely havemore say in what leases rates they arewilling to pay.”

Bogus Ploys Are OverHe stressed: “The era of asset val-

ues based on bogus financing schemesand refinancing ploys is over.”

Greg D. Icenhour of Shield Engi-neering says the volume of retail in-vestment is down over 50% and “herein the Southeast almost 80%…As faras new construction, the only activity[in his market of Charlotte, NC] isprimarily by end-users,” businesseswith specialized space. “With theamount of retail space currently on themarket, there should be ample oppor-tunities for lease consultation and prop-erty management as these propertieschange hands.”

Aside from the overall economy,there is little question that the biggestshakeup to the industry has been thebankruptcy filing of General GrowthProperties. The experienced deal-mak-ers applaud the refinancing efforts ofleaders like Simon Property Group,Kimco, Developers Diversified,Weingarten Realty and Regency Cen-ters to control their debt. They’re skep-tical about GGP’s statements that itwill not sell off much of its portfolio toreturn to solvency, and point to a sub-stantial number of owners and inves-tors—including those above—waitingto cherry-pick the better properties atbargain prices.

Sam Zell of Equity Group Invest-ments noted recently that today’stroubled real estate was due to thoseusing too much debt to buy propertiesduring boom times, and that a substan-tial number of those acquisitions were“under water.” [They] “have no incen-tive to sell as long as they owe morethan their properties are worth” andinvestors will be picking up this realestate from foreclosure over the next

few years.Others point out that many larger

landlords are now focusing futuregrowth and development internation-ally, especially in emerging nations,China, Japan, India, South America,and the like.

Impact Of Ethnics“If you’re talking of a changing

landscape in the industry,” said onerespected dealmaker, “you can’t ig-nore how changing demographics areaffecting us. Yes, more price-consciousconsumers are gravitating to the dollarstores, but there is also an increase inethnic-oriented retailers, in malls andspecific mini-markets, a reflection ofwhat’s taking place all around thecountry and in Canada. Then, suchfranchise operators as Church’sChicken are beginning to search outimmigrant operators, those that mightbe able to obtain needed financingthrough foreign credit markets.”

Harsha V. Agadi, chief executiveof the chain which has 1,650 restau-rants, stressed that this was only oneaspect of its plans to open 120 storesthis year and continue an aggressiveexpansion program. He pointed toKorean, Chinese and Taiwanese banksprimarily as financial sources for fran-chisees.

Another highly-regarded veteranexpanded on this point.

“When I got into this industry over40 years ago, it was composed ofmainly white males. Over the years,women became an integral part of de-veloping and leasing, first enteringthrough marketing. Now the entiredemographic is like a rainbow, re-flecting what is taking place through-out North America. And, as US com-panies—retailers and owners—expandtheir interests globally, you see a ma-jor influx of this cross-border pollina-tion domestically as more foreign-based tenants and landlords enter themarket, which they see as containingfantastic, untapped potential.”

Many of the ethnic groups now anessential part of the industry—Afri-can Americans, Asians, Hispanics,etc.—he points out, are native-born orfirst- or second-generation.

[We’ve discussed this evolvingdemographic of tenants in this andpast issues of Shopping Center Digest,pointing to such apparel chains asShasa from Mexico and H&M fromSweden, the U.K.’s supermarket chainslike Tesco and J. Sainsbury, and oth-ers that have been a growing in pres-ence for years: Germany’s Aldi,Belgium’s Delhaize, Mexico’sGigante, or the existing US retailersthat have added more ethnic foods tocater to changing populations.This lat-ter re-tooling of shopping centers tobetter serve demographic changes hasbeen a vital part of the industry foryears.]

Internet ShoppingLaurence Hsu, a developer/inves-

tor and contractor in China, Taiwan,sees the changing landscape impact-ing substantially on brick and mortarconstruction. “The first impact to re-tail business was caused by eBay whichchanged the consumer’s behavior…This crisis [will result in an acceler-ated] “space connect with net shop-ping.”

Consistent with this assessment, asurvey by Forrester Research andShop.org states that online retail salesin the US rose an average of 11% in thefirst three months of this year; at least44% of all e-tailers said sales were upover 10%, and 14% said they increasedup to 10%. Citi Investment Researchprojects US retail e-commerce saleswill grow 4.4% to $141 billion in 2009,and then skyrocket 16.5% in 2010.

Many consumers still researchtheir shopping online, and then hit thestores to buy the product, or pick it upat a local outlet. There are few suc-cessful retailers who do not now usemulti-channel sources to reach theircustomers.

When we first began the researchfor this column it was basically a nar-row focus, essentially that bigger com-panies would get bigger, that moresmaller operators on the fringe willenter the mainstream. Much of it wasdue to the current economic crisis, butalso on numerous research projectionsshowing a marked increase in future

(continued)

J387©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960 (845) 348-7000 5/11/09

stores; parking 1,842 cars; population300,134; average household income$85,156; developer CB Richard Ellis,555 Capitol Mall, #100, Sacramento,CA 95814, (916) 446-8264, www.cbre.com.

FLORIDASarasota: Federal aid could relauncha portion of the stalled development of900,000 sq. ft. University Town Centeron 276 acres at SW corner of I-75 andUniversity Pkwy (near ManateeCounty Border) in Sarasota County(See SCD, P. J289); SuperTarget hasopened; in addition, Neiman Marcusand Nordstrom are planned along witha hotel; developer joint venture TheForbes Company of Southfield, MI,The Taubman Co of Bloomfield Hills,MI and Benderson Development,8441 Cooper Creek Blvd, UniversityPark, FL 34201, (914) 359-8303,www.benderson.com.

KANSASOverland Park: Construction con-tinues as a 142,000 sq. ft. Von Maurhas opened at 1.7 million sq. ft. CorbinPark at SE corner of 135th St andMetcalf Ave. (See SCD, P. J260);center to also include JCPenney, SportsAuthority, and Barnes and Noble;parking 3300 cars; developer CormacCompany (Jeff Johnson), 17110 MarcySt, Ste. 1, Omaha, NE 68130, (402)691-6000, Email: [email protected]; leasing REDBrokerage (Matt Vaupell), 4717Central, Kansas City, MO 64112,816.777.3500, Email: [email protected].

LOUISIANANew Orleans: Storm damaged LakeForest Plaza, which opened in ‘74, tobe redeveloped (See SCD, P. E878);project to include outlet stores andpossibly Wal-Mart; developer CesarBurgos, 3632 Canal St, New Orleans,LA 70119, (504) 488-3727.

NEW AND EXPANDING CENTERS201,000-500,000 SQ. FT.CALIFORNIA

Petaluma: Proposed $119 million,380,000 sq. ft. East Washington Plazaon 40 acres now occupied by thePetaluma Swim Center and skateboardpark (See SCD, P. H857); envi-ronmental review pending; anchorTarget 138,000 sq. ft.; developerRegency Centers (Thomas Engberg),121 W Forsyth St, Ste. 200, Jackson-ville, FL 32202, (904) 356-7000,www.regencycenters.com.

FLORIDAOrlando: Developer is seekingboundary, land-use, and zoningchanges to the site from the county fora proposed $12 million to $15 million,271,000 sq. ft. Publix-anchoredshopping center on 31 acres at CountryRd 419 and Snow Hill Rd in SeminoleCounty; neighborhood center to alsoinclude services and restaurants;developer Buchholz Management LLCc/o engineer and planning consultantProfessional Engineering ConsultantsInc, 200 E Robinson St, Ste. 1560,Orlando, FL 32801, (407) 422-8062,www.peconline.com.

IDAHOPost Falls: Planned 465,000 sq. ft.Prairie Crossing North on 50 acres atState Hwy 41 and Prairie Ave (SeeSCD, P. J270) project to include asmany as 30 stores, possibly anchored (continued on P. J390)

population growth due to the “brown-ing of America.”

Initially, the belief is that this in-dustry is suffering, more than it everhas before. However, just as strong, isthe belief that if you can hang in there,the future is bright.

NEW HAMPSHIREMerrimack: Developer has paid $17million to close on the land slated forthe proposed $150 million, 550,000sq. ft. Merrimack Premium Outlets on170 acres at W of Exit 10 on the F.E.Everett Turnpike (See SCD, P. J229);project to include 135 clothing andhome-goods stores; opening ‘10;developer Chelsea Property Group, aSimon Company, 105 EisenhowerPkwy, Roseland, NJ 07068-1029,(973) 228-6111, www.cpgi.com.

CANADANepean, ON: A 250,000 sq. ft. $130million expansion planned for 728,000sq. ft. Bayshore Shopping Centre on26 acres at Richmond Rd and The

(Strolling continued)

by Fred Meyer; developer PhillipsEdison Development Company (RoyWilliams), 11501 Northlake Dr, 1stFl, Cincinnati, OH 45249-1667, (801)521-6970, Email: [email protected]

MONTANABillings: Hastings Books Music &Videos may have already opened anew/larger location as part of the $12million to $13 million redevelopmentof 287,133 sq. ft. West Park Plaza atGrand and D Aves, 15th, 16th, 17thSts W in Yellowstone County; projectto include “pulling the middle of themall out” to create a ‘courtyard'; inaddition, Lions Den Lounge and TimeOut Sports may have recently openednext to an existing Red Robin; existingtenants include CVS, Oz Fitness andSears; 38 stores; parking 1,400 cars;opened ‘61; population 175,000 within100 miles; average household income$30,000; contractor Langlas & Asso-ciates; developer Western Develop-ment Partners, 425 California St, 11thFl, San Francisco, CA 94104, (415)693-9052, www.westerndevelopmentpartners.com.

OHIORiverside: $2 million renovationplanned for 215,000 sq. ft.. AirwayShopping Center at Woodman Dr and

(Regional continued from P. 385)

Queensway (417) (See SCD, P. J368);mall itself would gain 140,000 sq. ft.to 150,000 sq. ft. of shopping andconcourse space to the east and allowZellers to consolidate its retailoperations on a single floor at groundlevel; anchors The Bay, and Zellers;155 stores; parking 4,000 cars; inaddition, an existing parking structureto be demolished making way for anew four-storey parkade creating 421new parking spots; opened ‘73;population 283,025 within three miles;average household income $66,086;developer Ivanhoe Cambridge, 95Wellington St W., Ste. 300, Toronto,ON M5J 2R2, (416) 369-1200, www.ivanhoecambridge.com.


Editor-Publisher................................. Murray Shor, Ext. 201.................. [email protected]

Managing Editor............................ Jennifer O'Neill, Ext. 250........ [email protected]

Circulation... .................................. Ext. 201Shopping Center Digest (ISSN 0885-209X,USPS 112-750) is published twice monthly--except for double issues in February, April,September and December--by Jomurpa Pub-lishing Inc at 20 N. Broadway, Nyack, NY10960—Telephone (845) 348-7000, Fax(845) 348-7011, (800) 211-6858. Subscrip-tion is $349 per year. Periodical postagepaid at Nyack, NY, and additional mailingoffices. Our e-mail address isscdigest@shopping centers.com. Visit ourhome page at www.shoppingcenters.com.Postmaster: Send address changes to Shop-ping Center Digest, PO Box 837, Nyack,NY 10960. Copyright © Jomurpa Publish-ing Inc 2002. All rights reserved. To protectits copyright, Shopping Center Digest re-quires subscribers to obtain written permis-sion to reprint, not photocopy, any part ofits issues. For written permission to reprintpublished material, contact the editor at(845) 348-7000. Legal photocopies may bemade only through the Copyright ClearanceCenter (CCC) at 222 Rosewood Dr, Danvers,MA 01923, USA, (508) 750-8400, Fax (508)750-4744.

"The Locations Newsletter"

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Financial/Sales Results(Figures are compared to previous year’s unless stated otherwise)

Brinker International attributedcost controls for its profit in the thirdquarter of $35 million, compared withlast year’s loss of $38.8 million; rev-enue dropped 20% to $857.4 million;same-store sales were down 5.2% forChili’s Grill & Bar, 9.5% forMaggiano’s Little Italy, and 5% atOn the Border Mexican Grill &Cantina...For the quarter ended March31, Simon Property Group an-nounced Funds From Operations(FFO) was up 13.5% to $476.8 millioncompared to $420.1 million; occu-pancy at its Regional Malls and Pre-mium Outlet Centers was 90.8% and96.9%, respectively...For the first quar-ter, Big 5 Sporting Goods Corp saidnet sales were $210.3 million com-pared to $212.9 million and compa-rable store sales fell 4.4%...Minne-apolis, MN-based Buffalo Wild WingsInc, which operates 588 locations, re-

ported earnings for the first quarterwere $8.5 million compared to $6.5million and same-store sales were up6%...Weingarten Realty announcedthat FFO for the first quarter was up1.3% to 77 cents, compared with lastyear; overall occupancy was 91.5% atthe end of the quarter, compared to92.6% for the last quarter of 2008;occupancy for the retail properties wasdown to 91.7% from 93% in the priorquarter...Tuesday Morning, whichoperates 850 store in 45 states, said netsales for the quarter were down 6.4%to $167 million and comparable storesales fell 9.5%...Destination Mater-nity said net sales for the second quar-ter decreased 6.4% to $130.1 million,as comparable store sales dropped2.8%...For the quarter ended March29, P.F. Chang's China Bistro re-ported a net income of $13.3 millioncompared with $9.6 million and same-store sales at its namesake Bistro con-cept and Pei Wei Asian Diner fell6.6% and 2.2%, respectively...For thefirst quarter, Aaron's Inc reported rev-enues rose 15% to $474 million com-pared to $412.7 million and same-store revenue was up 12.3%... Radio-Shack Corp announced preliminarynet income for the first quarter was upto $43.1 million, compared with $38.8

didja hear...???

million last year; total net sales andoperating revenues were up 5.6% tojust over $1 billion, and comparablestore sales rose 5%...Glimcher Re-alty Trust reported a net loss to share-holders for the first quarter of $3.6million, compared with a loss of$251,000 last year,for the quarter on atotal revenue was $78.3 million-up$200,000-due to a $1.5 million gainon sale of depreciable real estate...DineEquity Inc reported same-storesales fell 3% and 2% for IHOP andApplebee's, respectively; the companyoperates or franchises nearly 3,400locations...For the quarter ended March31, Yum Brands, Inc announced con-solidated net income of $218 millioncompared to $245 million; and U.S.same-store sales fell 2%. The com-pany is the parent of Pizza Hut, KFC,Taco Bell, A&W, and Long JohnSilvers...McDonald's Corp said earn-ings for the quarter ended March 31were $979.5 million compared to$946.1 million and sales fell 10% to$5.08 billion compared to $5.61 bil-lion...For the first quarter, HavertyFurniture Companies, Inc reportedsales of $144.2 million down 22.1%from $185.3 million. The home fur-nishings retailer operates 121 show-rooms in 17 states, primarily in theSouth and Midwest.

four and franchises 110 conventionaland 360 in-store kiosk and nontradi-tional locations, as well as 16 BunsMaster locations...Developers Diver-sified Realty has promoted JamesBold to VP-leasing- southern, andDavid Favorite to SV-propertymanagement....As a tool to generateinterest and to drive consumers to its386 retail properties, Simon PropertyGroup is launching a marketing planto host 11,000 events this year: charityevents, expos, fashion shows, schoolactivities, etc., to those variouslocations...In order to pay down out-standing debts and possibly buy backits conversion and regular bonds,Houston, TX-based Weingarten Re-

alty continues its push to maintainliquidity as the board of trust manag-ers slice dividends in half to $.25 pershare, locked in an interest rate on a$103 million debt commitment from alife insurance company, and finishedits sale of 32 million common sharesof stock...Ramco-Gershenson Prop-erties Trust's largest affiliated share-holder Equity One has filed docu-ments with the Securities and Ex-change Commission, nominating in-dependent trustees for election to itsboard - David J. Nettina who wasformerly with American FinancialRealty Trust and Matthew L.Ostrower, who was formerly with


(continued from P. J385)

EXPANDING RETAILERS

FABRIC / CRAFTS

Jo-Ann Fabrics and Crafts and Jo-Ann Superstores

div. of Jo-Ann Stores, Inc of 5555 Darrow Road,

Hudson, OH 44236; currently operating 642 Jo-Ann Fab-

rics and Crafts and 172 Superstores in 47 states; plan to

open one 25,000 sq. ft. Jo-Ann store and five 35,000 sq. ft.

Superstores next year. David Holmberg, EVP of Store Op-

erations and Real Estate, (330) 656-2600, Fax (330) 463-

6660, Email: [email protected].

FOOD, CANDY, ICE CREAM

A&W Canada

of 35 Wootten Way N, Markham, ON L3P 3V3;

currently operating 670 restaurants throughout Canada;

locations sell burgers, french fries, onion rings, salads, hot

dogs and chicken sandwiches; plan to open 24 sites per

"EXPANDINGRETAILERS"

2009 From

LEADING RETAILERS

(Directory of Major Malls 28th Edition)

APPAREL

GOODY’S

Div. of: Goody’s Family

Clothing, Inc.

Stephen D. Cauthen

Director of Real Estate

400 Goody’s Lane

Knoxville, TN 37922

Ph: (865) 966-2000

Fax: (865) 777-4210

[email protected]

www.goodysonline.com

Units of Operation: 383

H & M

Loni L. Shepherd

Real Estate Manager, East

Coast

47 W. 34th Street

3rd Floor

APPAREL

J. CREW

Holly Cohen

Vice President of Real Estate/

Planning & Construction

770 Broadway 12th Fl

New York, NY 10003-1004

Ph: (212) 209-2719

Fax: (212) 209-4705

[email protected]

www.jcrew.com

Units of Operation: 158

Retail;

45 Factory

LEVI’S

Div. of: Levis Strauss & Co.

Meredith Wheeler

Real Estate Manager - Retail

Levi Strauss & Co.

1155 Battery Street

San Francisco CA 94111

Ph: (415) 501-1250212)ONLY $75 to paidsubscribers to ShoppingCenter Digest –pre-paid

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information I need to contact the people most likely to be "open to buy." information I need to contact the people most likely to be "open to buy." information I need to contact the people most likely to be "open to buy." information I need to contact the people most likely to be "open to buy." information I need to contact the people most likely to be "open to buy."

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NEW AND EXPANDING CENTERSUP TO 200,000 SQ. FT.

ARIZONAPhoenix: In response to neighbor'sconcerns in regards to zoning issues,plans have been altered for a smallshopping development at GreenwayRd and Tatum Blvd which wasapproved by the city (See SCD, P.I716); developer Town and CountryCamelback, LLC (James Shough),2021 E. Camelback Rd, Ste. A38,Phoenix, AZ 85016, (602) 710-2122,Email: [email protected] Creek: Preliminary plans havebeen submitted for 107,991 sq. ft.Heritage Square at SE corner ofRittenhouse and Ellsworth Rds; projectto include 87,948 sq. ft. of storesincluding anchor and junior anchor

tenants and 20,043 sq. ft. of restaurants;developer E.R. 15 LLC (Adam Hatch)c/o Wayne Balmer, Town PlanningDirector, 22358 S Ellsworth Rd, QueenCreek, AZ 85242, (480) 358-3003,www.queencreek.org.

CALIFORNIALake Elsinore: Proposed 34,000 sq.ft. Lake Street Market Place on 4.3acres at NW corner of Lake andMountain Sts (See SCD, P. J314);anchor Fresh & Easy 13,300 sq. ft; citypostpones action at request of de-veloper; construction to take six toeight months to complete; developerMarinita Development (DavidGarrison), 3835 Birch St, NewportBeach, CA 92660, (949) 433-3500,

Email: [email protected].

CONNECTICUTDanbury: Proposed 90,000 sq. ft.center at Sugar Hollow Rd in the finalstages of approval; developer NeilMarcus of Marcus Dairy, 5 SugarHollow Rd, Danbury, CT 06810, (800)243-2511.

INDIANAColumbus: Planning commissionaddressing flooding and traffic con-cerns for a proposed shopping centerat National Rd and Taylor Rd ; projectcould include stores and/or restaurantsin strip malls or stand-alone buildings;five or six retailers have expressedinterest; construction will begin whenproject is 65% to 75% leased;

Airway Rd; project to include thedemolition of an existing strip centerin ‘10 creating room to build up tothree buildings and a total of 25,000sq. ft.; construction will not begin untiltenants are set-up; opened ‘60;developer Mid-American ManagementCorp (Bill Staebler), 1111 SuperiorAve, Cleveland, OH 44114, (216)771-4440, Email: [email protected].

PENNSYLVANIAEast Lampeter Twp: Bed Bath &Beyond, Kohl’s, and Christmas Treeshops are three of possibly six anchorsat the $40 million, 285,000 sq. ft. MillCreek Square currently under con-struction on 35 acres along Rt 30 inLancaster County (See SCD, P. J129);opening fall ’10; developer jointventure High Real Estate Group, 1853William Penn Way, Lancaster, PA17601-6713, (717) 209-4069 andFaison Enterprises, 121 W Trade St,Ste. 2700, Charlotte, NC 28202-1195,(704) 972-2500, www.faison.com.

SOUTH CAROLINAHilton Head: Town approves a three-year limit for the development agree-ment that would allow the expansionof 255,000 sq. ft. The Mall at ShelterCove on 45 acres at Hwy 278 andWilliam Hilton Pkwy in BeaufortCounty (See SCD, P. I612); project to

include the addition of a 12-screenmovie theater; anchors Belk I 50,860sq. ft., Belk II 30,752, Saks Off Fifth50,000 sq. ft.; 50 stores; parking 1500cars; opened ‘88; population 100,000in the county; average householdincome $91,000; developer Petrie RossVentures, 170 Jennifer Rd, Ste. 300,Annapolis, MD 21401, (410) 573-3800, www.petrieross.com.

TEXASCorpus Christi: Developer seeksfunneling of sales tax to cover costs ofa planned demolition and redevelop-ment of Parkdale Plaza on 41 acres at4101 S Staples St; project to include a203,000 sq. ft. Wal-Mart Supercenterand 44,000 sq. ft. of retail sites,including space for a bank, a sit-downrestaurant and two fast-food res-taurants set to open in ‘10; opened ‘57;developer Quick & Company Commer-cial Real Estate (Richard Runde), 606W 12th St, Austin, TX 78701-1718,(512) 435-6553, Email: [email protected]: A $3 million expansionplanned for co-anchor SuperTarget at339,283 sq. ft. Westchase Mall atWestheimer and Wilcrest Dr in HarrisCounty (See SCD, P. J371); in addition,two-other co-anchors, Randalls FoodMarket and Ross Dress for Less, havealso announced expansions; 24 storesinclude Palais Royal which has

recently renewed its lease for anotherfive years; parking 1,460 cars;population 183,611 within 3 miles;average household income $73,072;developer Weingarten Realty Investors(WRI), 2600 Citadel Plaza Dr, PO Box924133, Houston, TX 77292-4133,(713) 866-6000, www.weingarten.com.Laredo: Planned 350,000 sq. ft. OutletShoppes at Laredo aka El Portal Center(former Riverdrive Mall); outlet mallto include 70 to 90 stores; opening late‘10 or early ‘11; in addition, there is120,000 sq. ft. of expansion spaceavailable; developer Horizon Group(Andrew Pelmoter), 6 Goldleaf Court,Bethesda, MD 20817, (301) 312- 6104,Email: [email protected].

CANADAVaudreuil-Dorion, PQ: 115,000 sq.ft. phase three construction to beginspring ‘10 bringing the Mega CentreVaudreuil to 350,000 sq. ft. at Hwy 40and 540/20 (See SCD, P. I716);existing tenants include Calvin Klein,Winners, Tommy Hilfiger, UrbanPlanet, Mexx, Baton Rouge, Equipeur,Laura, and Jacob; developer HardenGroup (Marcel Blouin or TylerHarden), 324 Aime Vincent,Vaudreuil, PQ J7V 5V5, (450) 424-1101, Email: [email protected] [email protected].

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developer The Myers Y. CooperCompany (Randy Cooper), 1077 StateRt 28 Ste. 202, Milford, OH 45150,(513) 248-8350.

KENTUCKYLexington: Site work to begin thisspring or summer on a planned Kohl's-anchored shopping center at Bards-town Rd, S of the Snyder Frwy; the87,000 sq. ft. Kohl's to open fall ‘10;project to feature a ‘green’ drainageplan; developer Pat Madden c/oattorney Bill Bardenwerper, Barden-werper , Talbott, & Roberts PLLC,8311 Shelbyville Rd, Louisville, KY40222, (502)426-6688, www.bardlaw.net.

MASSACHUSETTSLowell: Redevelopment proposed for133,100 sq. ft. Bridge Street ShoppingPlaza at Bridge St (See SCD, P. J154);project to include the demolition ofthe existing building and replacing itwith a 110,500 sq. ft. shopping centerwith three buildings including MarketBasket, Walgreens, BlockbusterVideo, and a pizza restaurant; de-veloper Retail Management andDevelopment (Michael Kettenbach),881 East St, Tewksbury, MA 01876-1469, (978) 851-0200.

NEW JERSEYEdison: Plans presented for the firstphase of construction includinglandscaping, road and parking im-provements for 150,000 sq. ft. FestivalPlaza (former Edison Commons) at Rt27 and Plainfield Ave (former Toppsappliance strip mall); project to beanchored by a major supermarket; siteis currently 40% occupied with a bank,Chinese restaurant, a beauty salon andan Asian Market; developer MichaelMcCarthy of MCC Realty Investments,9595 Wilshire Blvd, Ste 214, BeverlyHills, CA 90212, (310) 247-2720.

NEW MEXICOAlbuquerque: Site work is underwayfor the first 15,000 sq. ft. phase of a25,000 sq. ft. expansion of 133,000 sq.ft. Far North Shopping Center on 18acres (See SCD, P. E166); SunflowerMarket to open in July in spaceformerly occupied by Wild Oats; inaddition, a second 10,000 sq. ft.building is on hold; developer VintageReal Estate (Brenton Watson), 11611San Vicente Blvd, Ste. 1000, LosAngeles, CA 90049, (310) 979-9090,

Email: [email protected].

PENNSYLVANIADarby Borough: Plans approved for42,000 sq. ft. retail shopping center atMacDade Blvd and Chestnut St (formerPantry Pride supermarket site) inDelaware County; tenants include Sav-A-Lot grocery store, Game Stop, DollarTree, a bank, and liquor store;developer MacDade Property De-velopment Group LP (c/o DarbyBorough), 821 Summit St, DarbyBorough, PA 19023, (610) 586-1102,www.darbyborough.com.Stroud Twp: Verizon phone store isthe first business to open at theBartonsville Plaza currently underconstruction in front of Kohl’s on Rt611; Dunkin' Donuts, Sleepy’s theMattress Professionals, and Moe’sSouthwest Grill to open in the comingweeks; other tenants committed to alease include Ichiban, a Japanesehibachi restaurant, GameStop, a nailsalon, and jewelry store; developerLegend Properties (Jim DePetris),Plymouth Corporate Center, 1001 EHector St, Ste. 120, Conshohocken,PA 19428-2374, (610) 941-4034,Email: [email protected].

SOUTH CAROLINABluffton: Town Council has givenpreliminary approval for 178,632 sq.ft. Buckwalter Commons at U.S. 278and Hampton Pkwy; anchor HarrisTeeter 53,543 sq. ft.; opening late ‘10;

Morgan Stanley; Equity One also pro-poses that the companies combine...Miami, FL-based Aztec Group Inchas hired Howard Tafts as Sr. manag-ing director; previously, Taft was withCohen Financial and HollidayFenoglio Fowler...Being unable torefinance a construction loan for itsHill County Galleria in Bee Cave,TX, Opus West Corp posted foreclo-sure on May 1; the 1.3 million sq. ft.shopping center which is 70% occu-pied and anchored by Dillards andDick's Sporting Goods will operateas usual...The Davies Co has namedCappy F. Daume as SVP-asset man-

agement, and Mark P. Consoli asCFO; Daume was with Jones LangLaSalle while Consoli was withNorthland Investment Corp... Buf-fets Holdings, parent company of 536restaurants (Old Country Buffet,Country Buffet, Hometown Buffet,Ryan’s, Fire Mountain Grill andTahoe Joe’s) has received approvalfrom the courts and is expected toemerge from Chapter 11 bankruptcy...Regency Centers says it expects toraise $269 million by selling 8.7 mil-lion shares of its common stock, andwill use the proceeds to repay debt andother purposes.

didja hear...???(continued from P. J388)

developer Crosland (Mike Wiggins),227 W Trade St, Ste. 800, Charlotte,NC 28202-1675, (704) 561-5265,Email: [email protected] Ashley: West Marine recentlyopened at St. Andrews ShoppingCenter which is currently undergoinga $13 million redevelopment on 16acres at Savannah Hwy and St.Andrews Blvd (See SCD, P. J256);other tenants will include Moe’sSouthwest Grill, Foster’s Grill, and a15,314 sq. ft. PetCo; exiting tenantsinclude Bank of America; eight shopsremain vacant; developer KimcoRealty Corp (Matt Hockeborn), 4425Randolph Rd, Ste. 204, Charlotte, NC28211, (704) 362-6107, Email:[email protected].

WASHINGTONSpokane: Planned $1.4 million,10,200 sq. ft. structure near the 93,000sq. ft. WinCo Foods Inc supermarketat Spokane Pavilion Shops on 20 acresat E Hoerner and Nevada (See SCD, P.I886); retail center to include up tonine retail spaces ranging in size from900 sq. ft. to 1,500 sq. ft.; potentialfuture development might include a4,800 sq. ft. restaurant; architectArchicon LLC of Phoenix, AZ;engineer Barghausen ConsultingEngineers Inc of Kent, WA; developerKornwasser Shopping Center Pro-perties LLC (Bill Sandre), 145 SFairfax Ave, 4th Fl, Phoenix, AZ90036, (323) 954-6350.


UPSCALE SPECIALTY, LIFESTYLEMIXED-USE, ENTERTAINMENT

ALABAMAHuntsville: Planned Marketplace onthe Square at Madison County Court-house Square; "downtown city market"to include the removal of the streets onthe north and south ends of the squaremaking way for the construction ofboutiques, bistros, vendors and retailoutlets; in addition, the market willfeature live entertainment, artiststudios, and produce markets; existingrestaurant Cotton Row recentlyreopened; developer Greg Hathornowner of Greg & Sam’s Pizzeria, 119North Side Sq, Huntsville, AL35801-4822, (256) 533-9030, www.marketplaceonthesquare.comMountain Brook: Village PlanningCommission may have already re-viewed plans for a proposed $200 mil-lion Lane Parke on 27 acres at site ofthe existing Mountain Brook Shop-ping Center and the Park Lane Apart-ments; pedestrian-friendly "mainstreet" style plaza to include 210,000sq. ft. of retail space, a 75-room bou-tique hotel, and 45,000 sq. ft. of officespace above the shops; a final phasewould add a residential component tothe north side of the property; archi-tect/engineers MVE & Partners of CAand Goodwyn, Mills & Cawood Inc ofBirmingham, AL; center may includeWestern Super Market and other ten-ants currently occupying the existingcenter; owner Evson Inc; leasing KenFindley and Retail Specialists Inc, P.O. Box 531247, Birmingham, AL35253, (205) 313-3676.

ARIZONATucson: Redevelopment planned forBroadway Village at E Broadway andCountry Club Rd; destination retailcenter with high-end shops; potentialtenants include a gourmet grocer,farmers market, a jewelry store andseveral boutiques and a yoga studio;in addition, plans call for a secondrestaurant to join Elle Wine CountryRestaurant; other existing tenantsinclude Avenue Boutique women'sfashion store and Zocalo furniturestore; joint venture 4-D Properties andCommercial Retail Investors (Craig

the Bellagio and Monte Carlo resortson the Las Vegas Strip (See SCD, P.I887); 100 stores; opening in phasesduring the final three months of ‘09;owner CityCenter Holdings LLC, ajoint venture of MGM and InfinityWorld, www.citycenter.com; leasingTaubman Centers Inc (Marla Sokol),200 E Long Lake Rd, Ste. 300,Bloomfield Hills, MI 48025, (248)258-6800, [email protected].

NEW JERSEYEdison: A 150,000 sq. ft. Sam’s Clubto be completed in 12 to 14 months at1.2 million Edison Towne Centercurrently under construction on 98acres on Rt 1, former site of the 1million sq. ft. Ford assembly plant(See SCD, P. J191); retail andentertainment center to also includeother retail shops, a 150-room hotel, amovie theater, five restaurants andoffice space; developer Hartz Moun-tain Industries (Allen Magrini), 400Plaza Dr, P.O. Box 1515, Secaucus,NJ 07096-1515, (201) 348-1200,www.hartzmountain.com.Paterson: Construction on schedulefor a June opening of $50 million320,000 sq. ft. Center City on 2.7 acresat Main, Ward, Clark and Smith inPassaic County; project to include an8-plex Cinema, Family Entertainment,The Children’s Place, PayHalf, GNC,T-Mobile; AT&T, PSEG, and a foodcourt; population 200,000; averagehousehold income $55,000; developerCenter City Partners, LLC (Stacey V.Tsapatsaris), 20 Wilsey Sq, Ridge-wood, NJ 07450, (201) 493-0700,Email: [email protected].

NEW YORKBrooklyn: Preliminary site andinfrastructure work has been com-pleted and plans for a proposedAtlantic Yards on 22 acres at down-town Brooklyn adjacent to AtlanticTerminal transportation hub (See SCD,P. I645); community activist group ischallenging an Environmental ImpactStatement an has filed a motion in theappellate division of New York State'sCourt of Appeals further delaying theconstruction of this retail, tran-

Finfrock), 2990 N Campbell Ave, Ste.230, Tucson, AZ 85719-2995, (520)290-3200, Email: [email protected].

MASSACHUSETTSNewburyport: Construction couldbegin in '11 on 170,000 sq. ft. Shops atLittle River mixed-use retail and officedevelopment on 100 acres at Rt 1 andMiddle Rd; project to include 580,000sq. ft. of retail space with a movietheater and 70,000 for professionaloffice, medical and restaurant apece;developer Coastal Partners (MichaelDiGuiseppe), 208 Hart St, BeverlyFarms, MA 01915-2153, (978) 921-8062.Westminster: Construction could beginin ‘11 on 660,000 sq. ft. mall on 150acres at Rts 2 and 140 (See SCD, P.J364); center to include a 580,000 sq. ft.of retail space with a movie theater alongwith another 70,000 sq. ft.area forprofessional office, medical and res-taurant space, in addition to a visitorcenter for the town; developer Water-stone Retail Developemnt (DougRichardson), 145 Rosemary St, Need-ham, MA 02494, (781) 559-3301, Email:[email protected]: Construction to begin once15 retailer commit to a proposed 40,000sq. ft. Shops at Kresge 'mini-mall' atthe historic downtown Kresge Buildingat Woodward Ave and State St; a mixof up to 120 national retailers andlocal boutiques from 120 sq. ft. to 400sq. ft.; plans call for specialty retailerson the first floor and clothing boutiquesone level up; there is space in thebasement for a grocer or other largeretailer; six signed tenants include achocolatier, shoe store, clothingboutique, sports memorabilia shop,purse store, a Mediterranean cafe,Woodward South restaurant and 5 and10 bar; developer Dionysia Properties(Dennis Kefallinos), Detroit, MI.

NEVADALas Vegas: Construction continueson 16.8 million sq. ft. CityCentermixed-use luxury residential, resortand retail complex on 66 acres between


sportation, and housing developmentalong with a new Barclays Centerarena, which is to house the Netsbasketball team; developer Forest CityRatner Cos, One Metro Tech CenterN., 11th Fl, Brooklyn, NY 11201, (718)722-3500, www.fcrc.com.

NORTH CAROLINACary: Plans delayed for a proposedAlston Town Center Regional ActivityCenter retail, office and residentialhub on 970 acres at I-540 and NC 55;project to feature five major neighbor-hoods - Alston Center, McCrimmon,Evans Farm, Parkside and Petty Farm- and will be characterized by buildingsand sidewalk cafes close to the street,and open space with plazas andsquares; tenants could include supercenters, grocery stores, and otherretailers; leasing American AssetCorporation (Joe Dye), 8010 ArcoCorporate Dr , Ste. 114, Raleigh, NC27617, (919) 821-2700, Email:[email protected].

SOUTH DAKOTASioux Falls: Construction underwayon MacArthur Square on 57th St nearCliff Ave; three-story business andapartment complex to include 32,000sq. ft. of office and retail space and 50upscale apartments; complex will alsoinclude 75 underground parking spacesand 16 garages in back; in addition, aKentucky Fried Chicken could openthis fall; developer Viereck Commer-cial Real Estate (Darrel Viereck), 812S Minnesota Ave, Sioux Falls, SD57104, (605) 332-7500, www.viereckcommercial.com.

TEXASRoanoke: Construction underway on11,320 sq. ft. Oak Street Plaza Ibetween State Hwy 114, U.S. Hwy377, and State Hwy 170; part of amulti-million dollar revitalizationproject featuring a rustic, one-storybuilding in a pedestrian-friendlyatmosphere with shopping, dining andentertainment attractions in a historicdowtdown setting; developer OldTown Development (Justin Spring-field), (817) 903-2011, Email: [email protected].

CANADASurry/White Rock, BC: Planmed 1million sq. ft. Morgan Crossing open-air lifestyle center; "lively urban

neighbourhood" with retail and resi-dential space, along with several pub-lic gathering areas; tenants include amix of lifestyle shops, premium out-lets and clothing outlets includingLondon Drugs, The Brick, Best Buy,Home Depot, Thrifty Foods, H&M,Calvin Klein and Tommy Hilfiger; inaddition, there are also plans to incor-porate medical and dental offices, fi-nancial institutions, several restau-rants, wine cafes, and bars along with

ARIZONA

Glendale: 99,718 sq. ft. retail plaza at6700 W Camelback Rd; new owner;95% occupied; anchor Phoenix RanchMarket 48,000 sq. ft.; owner/leasingSarofim Realty Advisors, 8115 PrestonRd, Ste. 400, Dallas, TX 75225-6209,(214) 692-4208, www.sraco.com.

CALIFORNIA

Danville: 236,000 sq. ft. BlackhawkPlaza on 45 acres at Crow Canyon,Blackhawk Rd and Camino Tassajarain Contra Costa County (See SCD, P.J10); $30 million renovation recentlycompleted; anchors Blackhawk AutoMuseum and Draeger’s Market; newestsigned upscale retail tenants includeGeoffrey Scott, fashion boutique,Dabble Cosmetics, Dollhouse Lin-gerie, Cartelligent car-buying serviceand See Jan Run athletic shoe andapparel retailer; parking 1,552 cars;opened ‘90 population 270,150 within10 miles; average household income$152,439; developer/leasing Cente-rCal Properties (Glen Rosen), 1960 E.Grand Ave, Ste. 400, El Segundo, CA90245, 310-563-6900, Email: [email protected]: 32,000 sq. ft. Malibu LumberYard on 2.7 acres along the PacificCoast Hwy; new outdoor, lifestyleretail center; tenants include Maxfield,Tory Burch, Kitson Men, J. Crew,Planet Blue Kids, Cafe Habana,Crumbs cupcakes, a children’s dancestudio, a soon-to-be-revealed salon andspa, and a variety of restaurants; centeralso features a full-service special

CENTERS WITH LEASESPACE AVAILABLE

event space that can be used for pop-up stores, private parties, and specialevents; architect RTK Architecture ofLos Angeles, CA; developer/leasingjoint venutre ValleyCrest LandscapeCos (Richard A. Sperber) of Calabasas,CA and Weintraub Financial Services(Richard Weintraub), P.O. Box 6528,Malibu, CA 90264, (310) 457-813;Email: [email protected].

CONNECTICUTEnfield: 252,000 sq. ft. EnfieldCommons in Hartford County; newowners; 30,450 sq. ft. former Linens’n Things space available; tenants alsoinclude Barnes & Nobles, Bob’sStores, Marshall’s, Old Navy, OfficeDepot, Petco, Ocean State Job Lot,and Michaels; owner/leasing Para-mount Realty Services, 1195 Rt 70,Lakewood, NJ 08701, (732) 961-8132,Email: [email protected].

FLORIDALakeland: 132,000 sq. ft. Palm Centerat NW corner of Highlands Dr and SFlorida Ave; new owner; anchorsBeall’s Department Store, Beall’sOutlet, and Tuesday Morning; owner/leasing Odyssey Diversified Pro-perties, 500 S Florida Ave, Ste. 490,Lakeland, FL 33801, (863) 284-5854.Ocean Park: 135,453 sq. ft. VillageShopping Center at Blanding Blvd andCollege Dr; new owner; 98% occupied;anchor Publix; opened ‘89; owner/leasing Noble Management Co, 5821Lake Worth Rd, Greenacres, FL 33463-3209, (561) 966-0070.

The Steve Nash Fitness Center; popu-lation 350,000 within a 20-minutedrive; average household income$106,000; developer Larco Group(Maria Holly), 2002 Park Royal S,Ste. 300, West Vancouver, BC V7T2W4, (604) 922-3211, Email:[email protected]; leasing forEastern Canada, The Marino Group(Catherine Conte) , 208 Evans Ave,Toronto, ON M8Z 1J7, (416) 767-8865, Email: [email protected].

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Parkland: 61,758 sq. ft. RiverstoneShoppes at Parkland at on State Rd 7(U.S. 441); l 15,000 sq. ft., 1,393 sq.ft., 1,200 sq. ft. and 1,043 sq. ft.available; tenants include Sweet &Sassy, Rejuvenate Spa, Cafe BellaSera, Japango, ERA Realty, andRiverstone Wine & Cheese; averagehousehold income $101,960 within 3miles; leasing Thur & Associates(Shary Thur), 8260 Greensboro Dr,Ste. 270, McLean, VA 22102, (703)847-0865, Email: [email protected] Melbourne: 750,000 sq. ft.Hammock Landing on 78 acres at PalmBay Rd and I-95 in Brevard County(See SCD, P. J335); hhgregg, Petco,Marshall's, and Kohl's have opened aspart of the initial 275,000 sq. ft. phase,which is 80% occupied; developer/leasing joint venture The BenchmarkGroup (Martin Dellebovi), 4053 MapleRd #200, Amherst, NY 14226-1058,(716) 833-4986, Email: [email protected] and CBL &Associates (Geoff Smith), CBL Center,Ste. 500, 2030 Hamilton Place Blvd,Chattanooga, TN 37421-6000, (423)490-8345, Email: [email protected]

ILLINOISHuntley: 350,000 sq. ft. HuntleyGrove at Route 47 and Kreutzer Rd. inMcHenry County; Wal-Mart Super-center 176,400 sq. ft. has opened;outlots available for purchase orground lease; a junior anchor of up to21,000 sq. ft. is available, as well as1,000 sq. ft. and 1,500 sq. ft.; othertenants include Jimano’s Pizzeria, TheUPS Store, Chiro One, and Fone Zone;developer/leasing Tucker Develop-ment Corp (Adam Moschin), 799Central Ave, Ste. 300, Higland Park,IL 60035, (847) 926-9999, Email:[email protected].

MARYLANDEaston: 151,959 sq. ft. Easton Plazaat 101 Marlboro Ave; communitycenter has 1,400 sq. ft. and 5,254 sq.ft. restaurant space available; anchorPennsylvania Dutch Market; tenantsinclude AT&T Wireless, H&R Block,Rite Aid, Sherwin Williams, andGirardi Bros. Furniture, averagehousehold income $67,330 withinthree miles; leasing Thur & Associates

(Shary Thur), 8260 Greensboro Dr,Ste. 270, McLean, VA 22102, (703)847-0865, Email: [email protected]: 59,331 sq. ft. DiscoveryCrossing at 8425 Woodsboro Pike;community center has 1,200 sq. ft. to2,400 sq. ft. and a 1/2-acre pad siteavailable; anchor Bloom; other tenantsinclude H&R Block, Jhoon RheeKarate, Walkersville Eye Care, King’sPizza, Hunan Delight, D & B beer andwine; average household income$91,144 within three miles; leasingThur & Associates (Shary Thur), 8260Greensboro Dr, Ste. 270, MClEAN,VA 22102, (703) 847-0865, Email:[email protected].

MINNESOTALakeville: 105,500 sq. ft. LakevilleCrossing on 10 acres at 160th St andCedar Ave in Dakota County (See SCD,P. H936); 35,000 sq. ft. available; 18stores include Edina Realty 16,000 sq.ft. and Carbone’s Pizza 5,864 sq. ft.;opened ‘02; developer Paster Enter-prises LLC (Richard Jahnke), 2227University Ave, St. Paul, MN 55114-1677, (651) 646-7901, Email:[email protected].

NEVADANorth Las Vegas: 731,7990 sq. ft.Deer Springs Town Center on 60 acresat SE corner of N Fifth St and the LasVegas Beltway in Clark County (SeeSCD, P. J379); $120 million shoppingcenter recently opened and is 60%preleased; Home Depot 106,278 sq.ft., Target 132,360 sq. ft. and Toys RUs 65,000 sq. ft.; junior anchorsinclude Ross and Staples; other tenantsinclude Nevada Federal Credit Union,AT&T, and In-N-Out Burger; pop-ulation 160,000 within five miles;developer Regency Centers, OneIndependent Dr, Ste 114, Jacksonville,FL 32202-3842, (904) 598-7000,leasing ROI Commercial Real Estate(Todd Boyer or Brian Sorrentino),7100 Smoke Ranch Rd, Ste. 100, LasVegas, NV 89128-8834, (702) 363-3100, Email: [email protected] [email protected].

NEW JERSEYRaritan: 57,800 sq. ft . RaritanCrossing at 206 S and East Main St inSomerset County; 1,000 sq. ft. and4,825 sq. ft . available; average

household income $105,000; leasingShane Wierks, Rt 116, North Plain-field, NJ 07060, (908) 668-9600, Ext.23, Email: [email protected].

NEW YORKClay: 136,989 sq. ft. Marketfair Northpower center at State Rt 31; 26,878 sq.ft., 7,967 sq. ft., 2,546 sq. ft., 2,500 sq.ft., 1,170 sq. ft. available; anchorsACMoore, and Staples; other tenantsinclude Tuesday Morning, Lennin’sJewelers, Firestone, Remax RealtyPros, VIP Nails, and Oreck Vacuums;average household income $65,738within three miles; leasing Thur &Associates (Shary Thur), 8260 Greens-boro Dr, Ste. 270, McLean, VA 22102,(703) 847-0865, Email: [email protected]: 100,000 sq. ft. The Shops atGrand Avenue; new owner; anchorStop & Shop; community center alsoincludes Party City, Mandee, andRidgewood Savings Bank; owner/leasing AEW Capital Management LP,World Trade Center East, 2 Seaport Ln,Boston, MA 02110-2021, (617) 261-9155.

TEXASAustin: 1 million sq. ft. Highland Mallon 80 acres at I-35 and U.S. Hwy 290in Travis County; 60% leased; enclosedcenter could be redeveloped into anopen-air theme; 137 stores; parking5,900 cars; opened 71; population729,692 within 10 miles; averagehousehold income $80072; owner/leasing Simon Property Group, 225 WWashington St, 6th Fl, Indianapolis,IN 46204, (317) 263-7195, www.simon.com.

VIRGINIASpringfield: 119,000 sq. ft. Spring-field Commons off I-95 across fromthe Springfield Town Center (underrenovation) in Fairfax County (SeeSCD, P. G378); 1,500 sq. ft., 3,000 sq.ft. and 4,500 sq. ft. available; anchorsHome Depot, Borders, and Staples;other tenants include Party City, OldNavy, Pier 1, TGI Friday’s, AT&TWireless, Mattress Warehouse, PennCamera, Z Pizza, Blinds To Go, andDunkin Donuts; average householdincome $116,276 within three miles;leasing Thur & Associates (SharyThur), 8260 Greensboro Dr, Ste. 270Fax:,McLean, VA 22102, (703) 847-0865,Email: [email protected].

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RETAILERS SEEKING SPACEAPPAREL

Charlotte Russe of 4645 MorenaBlvd, San Diego, CA 92117; currentlyoperating 496 stores in 43 states andPR; plans to open 20 new locationsthis year in its new 5,500 sq. ft. formatvs. 7,200 sq. ft.; A malls in existingmarkets, with opportunities in North-east and Northwest. Kent Williams,SVP Real Estate and Construction,(858) 490-3026, Fax (858) 875-0333,Email: [email protected] of Mexico City, Mexico;currently operating 64 locations acrossMexico; women's clothing and apparelchain recently opened its first U.S.stores in Sugar Land's First Colonymall in Houston, TX; company plansmore store openings in Dallas andAustin next year; by ‘12 they hope tooperate more than 100 U.S. stores;seeking 6,300 sq. ft. Armand DolleroPresident; consultant Galleria Area,MFR (Roland Rodriguez), One River-way, Ste. 1900, Houston, TX 77056, (713)622-1120, Email: [email protected].

DISCOUNT & VARIETYDollar General of 100 Mission RidgeRd, Goodlettsville, TN 37072; current-ly operating 8,400 stores in 35 stateswithabout 70% of its stores in ruralsmall towns, with the remainder beingin low-income urban areas; expandingnationwide. Gayle C. Aertker, SVPReal Estate and Store Development,(615) 855-5243, Fax (615) 855-5243,Email: [email protected].

FOOD, CANDY, ICE CREAMBoston Pizza of 1 City Centre Dr, Ste.708, Mississauga, ON L5B 1M2;currently operating 330 locationsCanadawide; plans 130 new locationsin the next five years; seeking 5,000sq. ft. to 6,000 sq. ft. in freestandingpads primarily in ON and PQ. For ONand Atlantic Canada, Chris Doulos,(905) 848-2700, Email:[email protected]; For PQ,Simon Caspi (450) 687-2004, Email:[email protected]; ForWestern Canada, Cal Briscoe, (604)270-1108, Email: [email protected]’s Chicken Inc of 347 BrantleyDr, Ashboro, NC 27205; currently

operating 1,650 units nationwide andinternationally; company plans torollout mobile units and kiosks atalternative sites including shoppingcenters, convention centers, univer-sities, and fairground; in addition, 120new fast-food restaurants are planned;seeking 1700 sq. ft.; freestandinglocations with drive-thrus and theendcaps of strip centers. Reggie Ferree,Development Director, (336) 626-2384, Fax (336) 626-2384, Email:[email protected] Chin c/o Shopping CenterReal Estate Inc of PO Box 40, 8517 EOak Island Dr, Oak Island, NC 28465;currently operating 40 Asian Cuisinedeli/cafes throughout MN and WI;plans to open 10 new units in ‘09/‘10;seeking 1,200 sq. ft. to 2,500 sq. ft. inopen-air centers, office buildings, andupscale strip centers. Ben Viloski,(910) 269-3337, Fax (910) 278-7443,Email: [email protected] Express c/o ShoppingCenter Real Estate Inc of PO Box 40,8517 E Oak Island Dr, Oak Island, NC28465; currently operating 31 foodcourt units in malls; plans to open 20new locations in ‘09/‘10; seeking 600sq. ft. to 800 sq. ft. in malls, lifestylecenters, airports, office buildings, andcollege campus throughout NC, SC,GA, FL, LA, TN, MS, KY, and TX.Ben Viloski, (910 ) 269-3337, Fax(910) 278-7443, Email: [email protected] Mango of 15301 Ventura Blvd,Building B, Ste. 470, Sherman Oaks,CA 91403; currently operating 43frozen yogurt stores in CA, NY, WA,IL, HI, NJ, NV, and UT; plan to open40 locations this year and 550 locationsin the next five years primarily inDallas, TX and New York City; seeking700 sq. ft. to 1,200 sq. ft. lifestylecenters, streetfront locations that havehigh evening foot traffic - entertain-ment-oriented co-tenants are good.James Franks, Director of Franchising,(310) 215-4888, Fax (310) 461-9454,www.redmangousa.com.Rumbi Island Grill of 380 E. Main StBldg B, 2nd Fl, Midway, UT 84049;currently operating 24 units throughoutUT and AZ; fast-casual chain with atropical theme specializing in rice bowl

dishes, salads, and Pacific Rim-styleentrees such as grilled salmon and luauport; plan to open 36 new units overthe next five years; company to debutstores in CA, and TX. Brad Lyle. VicePresident, (435) 657-1400 Ext. 31, Fax(888) 229-0194, Email: [email protected]; for CA and TX, contact RonBrown and Michael Hamilton ofRumbi-LCW in Torrence, CA.

HOME DECOR/FURNISHINGSBed Bath & Beyond Inc of 650 LibertyAve, Union, NJ 07083; currentlyoperating 930 store in 49 states, DC,PR and Canada; plan to open between50 and 54 locations; seeking 25,000sq. ft. to 40,000 sq. ft. in strip malls,freestanding sites, and enclosed mallsthroughout the U.S. and Canada. SethGeldzahler, VP Real Estate, (908) 885-4568,Email: [email protected].

OFFICE SUPPLIESOffice Depot of 6600 North MilitaryTrail, Boca Raton, FL 33496; currentlyoperating 1,604 stores in 48 states;plans to open 12 or less locations thisyear; seeking 26,000 sq. ft. in NorthAmerica. Daniel Depace, Sr. Director- Real Estate & Lease Administration,(561) 438-0837, Fax (561) 438-3947,Email: [email protected],Email: [email protected].

SPECIALTYCoach Inc of 516 W. 34th St, 5th Fl,New York, NY 10001; currentlyoperating 282 retail stores and 90factory stores nationwide and inte-rnationally; plan to open 20 new storesin the coming fiscal year including 6openings in Canada; seeking 2,500 sq.ft. in high-end malls and Main Streetsthroughout North America. AnthonyJ. Galvin, SVP Real Estate, Planning,and Construction, (212) 615-2070,

SPORTING GOODSHibbett Sports of 451 Industrial Lane,Birmingham, AL 35211; currentlyoperating 745 location in 24 Mid-Atlantic, Sunbelt, and Southweststates; plan to open up to 70 in newstores in ‘10; seeking 5,000 sq. ft. instrips and malls in small to mid-sizedsuburban markets. Jeff Gray, VP ofReal Estate, (205) 942-4292, Ext. 7,Email: [email protected].


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Shopping Center Digest ICSC Convention Issue April 27,2009

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