Shopping Center Digest

©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960 (845) 348-7000 J26711/24/08

Vol. 38, Nos. 22 & 23

Published Twice Each Month

November 24, 2008

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

$349 per year

"TheLocations

Newsletter"

Box 837Nyack, NY

10960

ICSC NEW YORK DEAL MAKING

> Recognized brands> Repeat, loyal salon traffic> Financial strength > A partnership that delivers success

1-952-918-4612 • www.regiscorp.com

Nobody Knows the Salon Business Better than Regis

EvErything. To make iT happen, you need one Thing.

Building. developing. leasing. managing. parTnering. When ciTies Build, reviTalize or expand, There’s one ciTy They look To.

alBuQuerQue aTlanTa BosTon chicago dallas denver las vegas los angeles neW york philadelphia piTTsBurgh richmond san francisco Tampa WashingTon dc

w w w . f o r e s t c i t y . n e t

the village at gulfstream park hallandale Beach, flgrand opening – 2009

ridge hill yonkers, nygrand opening – 2009

(continued on P. J242)

TABLE OF CONTENTSNew and Expanding Shopping Centers

Over 501,000 Sq. Ft. ............................. J239Strolling the Agora ................................... J239Didja Hear??? ............................................ J239Financial/Sales Results ........................... J246New And Expanding Shopping Centers

201,000-500,000 Sq. Ft. ........................ J250New And Expanding Shopping Centers

Up to 200,000 Sq. Ft. ............................ J254Upscale, Specialty, Urban Mixed-Use .... J257Centers With Lease

Space Available .................................... J259Retailers Seeking Space .......................... J261Classifieds ................................................. J264

NEW AND EXPANDING CENTERSOVER 501,000 SQ. FT.

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

Strolling the AGORABy Murray Shor


didja hear...???


RETAILERS SEEKING SPACEPage J261-263

• Abuelo's Mexican Food• Adrenalina• Al's Formal Wear• Bennigan's Grill & Tavern• Build-A-Bear Workshop• Cato and It's Fashion!• Chick-fil-A• Coach• Coldwater Creek• Druxy's Famous Deli Sandwiches• Hart Stores• Henri Bendel• Hurricane Grill & Wings• Jimmy Jazz• Kira Plastinina• Mama Fu's Asian House• Muscle Maker Grill• OfficeMax• Pizza Nova• Red Mango• Safeway Inc• Salad Creations• Second Cup• Serious Coffee• Shoppers Drug Mart• SuperValu Inc• Target and SuperTarget• Tattoo Nation


As we gave a failing grade re-cently to last month’s Atlanta ICSCDealmaking, so should we give a pass-ing grade to theChicago show, adefinite, strongB—with qualifi-cations. Thoughattendance wasdown, as weredealmaking and“positive vibes,”the most oft-repeated comment fromretailers, developers and brokers wasalmost a backhanded compliment: “Itwas so much better than I expected.”

And there was a lot of wheelingand dealing and networking takingplace throughout the full-day ofdealmaking; the last half-day was, as ex-pected, verrrrrrrrrrrry sloooooooooow.

We can’t take the meeting out ofcontext; it must be considered in lightof conditions within the industry andas a reaction to the stressful economicpressures within the country. To thosewith 40-some years in this market-place, “It’s the worst I have ever expe-rienced.”

Immediately we could see this re-flected in substantial cancellations ofhotel reservations, as many opted tocome for a day and then head homethat night to reduce costs, with someeven flying in and out the same day.You could see it also from the trimmed-down amenities at the suites above themain exhibit area: fewer representa-tives, less lavish refreshments, ahushed, toned-down atmosphere.

And there was the noticeable, per-sonal fear expressed by many youngerattendees as they heard of major cut-

ALABAMABessemer: 200,000 sq. ft. expansionto begin by year’s end on 450,000 sq.ft. Colonial Promenade Tannehill on87 acres at I-459, Eastern Valley Rdand Pocahontas Rd (See SCD, P. J211);phased expansion to be completed inabout 15 to 18 months and includeJCPenney, and restaurants such as RedRobin, Krystals and Lamar’s Donuts,and possibly a home improvementretailer; anchors Target, PublixSupermarket, and Premier Cinemas; ;developer Colonial Properties Trust(Bill Leitner), 5607-B W Friendly Ave,Ste. 100, Greensboro, NC 27410, (336) 299-4737, Email: [email protected].

ARIZONAGoodyear: Initial stores including Old

Navy, Petco, Staples, HomeGoods, andTJ Maxx have opened at 2 million sq.ft. Market at Estrella Falls on 106acres between Encanto Blvd andMcDowell Rd and between BullardAve and 150th Dr (See SCD, P. J37);outdoor shopping, dining, and enter-tainment center to include a powercenter; anchors Dillard’s and Harkins

Theaters; developer Westcor (KarenMaurer), 11411 N Tatum Blvd,Phoenix, AZ 85028, (602) 953-6471,Email: [email protected]: Initial stores includingSuperTarget, PetSmart and OfficeMaxhave opened at 900,000 sq. ft. CanyonTrails Towne Center currently under

Bankrupt Boscov DepartmentStore has signed an asset purchaseagreement with a family group led byformer chairman Albert Boscov; ex-act details were not available, butVersa Capital Management had ear-lier offered $11 million in cash for the

39-store chain...Grubb & Ellis Cohas laid off 100 of its lower-producingbrokers and plans to replace them withhigher producers in what Van Berkel,Executive VP and COO, says is part ofa long-term plan to create a more pro-ductive brokerage force...RegencyCenters has promoted Andre Koeszarto VP, regional officer, for its Atlanta,GA, office...Mervyn's, which filed forChapter 11 on July 29, has been ap-proved to conduct going out of busi-ness sales at its 149 stores...CircuitCity will begin immediately closing155 stores in 55 U.S. markets, and willcompletely exit 12 of those trade areasby year-end; it filed for bankruptcy

15518MIM07

CVS Caremark offers a broad range of services to help you with all of your healthcare needs.

J242 ©SHOPPING CENTER DIGEST, PO Box 837, Nyack, NY 10960 (845) 348-700011/24/08

Editor-Publisher................................. Murray Shor, Ext. 201.................. [email protected] Editor............................ Jennifer O'Neill, Ext. 250........ [email protected]... .................................. Ext. 206Shopping 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 isscdigestshopping 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.

Tel: (845) 348-7000

"The Locations Newsletter"

(continued from P. J239)

Strolling the AGORAbacks by landlords and tenants. Oneseasoned veteran told me he was con-stantly being asked by subordinates:“Should I go back to law school [or gofor my master’s] until conditions im-prove?”

Get A Dialogue GoingOne national retailer criticized

those tenants who avoided this andsimilar shows “because they weren’topen to buy” at this time. “You alwayshave something to talk about, andshould get a dialogue going [with land-lords]. These conditions will turnaround, you’ll be expanding again,and you must keep the door open andthe relationships going.”

When it was pointed out that manyof the discussions start with a requestfor a rent reduction or a give back,“But you’re talking and trying to reachan agreement that both parties can livewith.”

A leading developers with about

100 smaller shopping centers aroundthe country said they are reacting tothese pressures: “We’ve formed a com-mittee that meets every week to ana-lyze these requests, see how we canwork with these tenants to keep themin business. Each case is handled indi-vidually; perhaps we can work out aregular payment plan, maybe an ar-rangement to get it at the back end, orin a year or so when economic condi-tions improve.

“However, the tenant must becredit-worthy and have a good trackrecord. If the rent is $65,000, for ex-ample, and sales have dropped to$300,000, there’s little that can bedone, he can’t make it.”

The dealmaking that was takingplace was mostly with the value-ori-ented retailers, the dollar stores andthe discounters who were still expand-ing, though at a lower pace than antici-pated. As much of the industry wasanticipating a poor holiday season inDecember, this niche is expected to dowell.

“Many vendors,” said one deal-maker, “who were selling only to theluxury market, have seen sales of theirmerchandise being cut back by high-end retailers who are reducing theirinventories. As a result, these design-ers with name brands will be showingup at Target, Kohl’s, Wal-Mart.”

Across-the Board“It’s across-the-board,” said a

major mall developer. “I just met witha luxury retailer who showed me salesfigures from fashion-oriented, A+

malls across the country, and Octobersales were down 30-40%. This mustimpact on the expansion plans of thesedepartment stores and apparel and jew-elry retailers for 2009 and 2010, andwill certainly affect our plans for ex-isting and future projects.”

The leasing of space in malls op-erates on a different wave-length thanleasing space in strip shopping cen-ters. With growing vacancies as tradi-tional retailers go dark, there is a grow-ing effort to find replacements thatwill give one larger complex an edgeover a competitor. “It’s not alwayseasy to do this without opposition frommainstream tenants,” said one land-lord. “However, with the growing ac-ceptance of tattoos, especially amongstthe younger set, we’re considering thisas a new specialty tenant; we’re nego-tiating now with a chain for a fewlocations in some of our larger, metromarkets.”

As for the future, the most opti-mistic mavens of the industry don’texpect us to get out from under forsometime. But, they are hopeful thatthere will be an ongoing improvementof conditions by the spring. “No mat-ter who wins the Presidential elec-tion,” said one, “there should be anuptick at the turn of the year, if onlybecause there will be a change in theWhite House.”

The next big event will be Decem-ber 8-10 when ICSC sponsors the NewYork Conference and Dealmaking,second in importance only to the springconvention in May in Las Vegas.

didja hear...???protection and the company is alsoreducing future store openings and ag-gressively renegotiating certainleases...Crate & Barrel has openedits first Canadian store in north Torontoand plans to open other units in suchmarkets as Calgary, Edmonton,Montreal and Vancouver...Wal-Martsays it is cutting back on expansionbut will still invest $3.8-$4.8 billion in2009 capital expenditures for new

stores, mostly smaller locations, andanother $1 billion to remodel stores...Developers Diversified says it is sus-pending projects in Russia and Braziland will take a more conservative ap-proach as it pursues asset sales; it isselling 13 projects for $890 millionand will retain a 20% share and man-agement and leasing fees...CalvinHileman has joined Heart of America


(continued)


• Loan Term: 12-24 months (borrower’s option)

• Loan Funding/Closing: 5 days or less

• Loan Legal Fee & Trust Service Fees: $7,500 (advanced by lender to Attorney, anddeducted from closing proceeds)

• Loan Amount Minimum: $100,000.00 (one hundred thousand dollars)

• Loan Amount Maximum: $10,000,000.00 (ten million dollars)

• Loan Interest Rates: vary according to timeline

• NO “out of pocket” cost to Borrower

Real Estate Capital AvailableConsultants to Direct Lenders

Send us your REAL LOANS...Houses, Condo, Land, Business (McDonalds or Walgreen’s franchisees who own their land)

LOANS!! INTEREST ONLY LOANS!! PRIVATE LENDER!!

We help developers complete their projects all over the world.

We analyze projects and provide equity and debt up to 100%.

We help “SELLERS” by providing a loan to “weather out the storm” and to receive full price or near full price for the sellers property (at a later date), as opposed to a distressed sale (today).

We do not check income. We do not check credit.

STOP SEARCHING for financing and call us today!

Karpoff Affiliates, LLC will evaluate each project and create comprehensive financing packages that allow you to complete your projects with funding from direct lenders to achieve your

original vision.

OUR FINANCING TEAM IS READY TO ASSIST YOU TODAY!!

Karpoff Affiliates, LLCMarilyn Karpoff (212) 358-8044

www.karpoffaffiliates.com [email protected]



didja hear...???

construction on 90 acres at NE and SEcorners of Cotton Lane and Yuma Rd(See SCD, P. I903); other tenants willinclude Home Depot and Ross DressFor Less; developer Vestar Develop-ment Co, 2425 E Camelback Rd, Ste.750, Phoenix, AZ 85016-4220, (602)866-0900, www.vestar.com.Phoenix: Costco to open a 160,000 sq.ft. store by spring ‘09 at 1.2 million sq.ft. Paradise Valley Mall on 90 acres atCactus Rd and Tatum Blvd in MaricopaCounty (See SCD, P. I787); improve-ments also include new landscapingand improvements; other new tenantswill include Spirit Halloween, NuSmile, Perfumania, Zales Jewelers, andFeng Shui; anchors Dillard’s,JCPenney, Macy’s, and Sears; 150stores; parking 6400 cars; opened ‘78;population 600,000 within 10 miles;average household income $53,600;developer Westcor Partners/Macerich,11411 N. Tatum Blvd, Phoenix, AZ85028, (602) 953-6200, www.macerich.com.

CALIFORNIAOceanside: Plans approved for950,000 sq. ft . The Pavilion atOceanside on 92 acres on Rt. 76 andFoussat Rd (former Valley Drive-Inproperty) (See SCD, P. J135); proposedanchors Target 132,000 sq. ft. and BestBuy; developer Thomas Enterprises(Mel Kuhnel), 3604 Carleton St, SanDiego, CA 92106, (619) 222-9603,Email: [email protected]: Construction continues on523,000 sq. ft. 47th Street Pavillion on70 acres at NW corner of Ave R and47th St E (See SCD, P. J224); anchorSuperTarget 172,815 sq. ft. openedsummer ‘08; other tenants will includeHome Depot, Ross Dress for Less,Staples, PetSmart, Panera Bread,Burger King, Bank of America, Bathand Body Works, Famous Footwear,and Cold Stone Creamery; developerHopkins Real Estate Group, 17641Derian Ave, Ste. 106, Irvine, CA92614, (949) 270-2400, www.hopkinsgroup.com; leasing CorelandCompanies, 17542 E 17th St, Ste. 420,Tustin, CA 92780, (714) 573-7780,www.coreland.com.San Diego: Renovation could beginby spring of next year on 740,000 sq.ft. Westfield Horton Plaza on 12 acres

at Broadway & G St, First & FourthAves in San Diego County (See SCD,P. I831); portion of the building thatwas once home to Robinsons-May andPlanet Hollywood to be gutted and“opened up” to the street, Horton PlazaPark, and the rest of the center itself;reconfiguration could add as many as14 tenants and an updated food court;anchors Macy’s and Nordstrom; 140stores; parking 2170 cars; opened ‘85;population 2,670,000; average house-hold income $53,600; developerWestfield America Inc, 11601 WilshireBlvd, Ste. 1200, Los Angeles, CA90025, (310) 478-4456, www.westfield.com.Walnut Creek: Neiman Marcus to

open a 107,000 sq. ft. store in late ‘10or early ‘11 at 700,000 sq. ft. BroadwayPlaza on 30 acres at Mt. Diablo and SMain St in Contra Costa County (SeeSCD, P. J61); development will requirea 20% reduction in parking spaces,which is now 3,000; anchors Nord-strom, Macy’s, and Macy’s 2; 70stores; opened ‘51; population 467,586within 10 miles; average householdincome $104,872; developer TheMacerich Co, 401 Wilshire Blvd, SantaMonica, CA 90401, (310) 394-6911,www.macerich.com.

FLORIDAMiami: New construction to add NikeOutlet 10,000 sq. ft., Calvin Klein


(continued)

as VP-real estate leasing; he had beenwith Cullinan Properties...After clos-ing 75 stores in December '07, ValueCity Department Stores has filed forChapter 11; the company will close its66 remaining units in the Midwest,mid-Atlantic, and Southern U.S....BestBuy Co has launched a new version ofits "Mobile Life" stores in three mallsincluding The Mall of America; thenew concept will feature cell phones,laptops, handheld devises, and acces-sories... Due to "not being in the bestinterests" of the company’s stockhold-ers Farmington Hills, MI-based AgreeRealty Properties’ Board of Direc-tors has rejected an acquisition pro-posal from Compson Holding Corp...Publix Super Markets Inc, whichannounced its plans to purchase all 49Albertson’s FL locations for $500million, has closed on the purchase ofthe 64,034 sq. ft. store at SpanishPlaines Plaza Shopping Center inThe Villages...Cynthia Swanson, aregional real estate manager atCoreland Cos’ Tustin, CA, office, hasbeen named to head up its new South-ern CA office in Brea...Linens ‘nThings, which filed for Chapter 11bankruptcy protection in May, hasdropped its reorganization plan andhas begun liquidating its assets throughan auction...Urban Outfitters Inc isunveiling three We the Free casualapparel stores targeting women in their

20s and early 30s; stores include a 500sq. ft. location in Brooklyn, NY, an800 sq. ft. location in Chicago, IL, anda 680 sq. ft. store in Hollywood,CA...After streamlining and reorga-nizing its operations, moderatelypriced family apparel retailer Goody'sFamily Clothing, which currentlyoperates 287 stores in 20 states, hasemerged from bankruptcy...In an ef-fort to reduce expenses, Cushman &Wakefield, which is made up of about6,500 employees, is laying off 200employees across the country....Steve& Barry's, which recently was pur-chased out of bankruptcy by investorshas named Harold "Hal" Kahn to theposition of Chief Executive; Kahn is a35-year veteran retail executive andformer head of Macy's East...Pendinglegalities,Western Sizzlin Corp hasterminated its exchange offer for up to680,500 shares of Jack in the BoxInc...FL-based Isram Realty Hold-ings has appointed Shai Moschowitsas CEO and has also formed a strategicalliance with the Boca Raton-basedFimiani Development Corp to pur-sue the acquisition and leasing of classB shopping centers throughout thestate; Moschowits previously ranNadian Realty Ventures LLC; IsramRealty currently owns, leases, andmanages 1.5 million sq. ft. of neigh-borhood and community shopping cen-ters throughout FL.


6,500 sq. ft. and DKNY 3,700 sq. ft.and15 additional retailers ranging from2,000 sq. ft. to 9,000 sq. ft. at 1.44million Dolphin Mall on 112 acres atFlorida Turnpike & SR 836 in Miami-Dade County (See SCD, P. I120); 18anchor stores include Bass Pro Shops100,000 sq. ft., Ross Dress For Less,Linens ‘N Things, Group USA TheClothing Co, Cobb Dolphin 19Cinemas The Sports Authority; morethan 240 stores Victoria’s Secret,Tommy Hilfiger, and Polo; in addition,a new 118-room Courtyard by Marriotopened July ‘08; parking 7400 cars;opened ‘01 population 1,905,693;average household income $63,414;developer Taubman Centers, Inc, 200E Long Lake Rd, PO Box 200,Bloomfield Hills, MI 48303-0200,(248) 258-6800, www.taubman.com.The Villages: Interior an exteriorimprovements to 21,000 sq. ft. TheFresh Market and buildout of Nails &Beyond continues at 1.2 million sq. ft.Buffalo Ridge at NE corner of CR 466and Villages Campus Circle (See SCD,P. J197); in addition, a 7,138 sq. ft.Red Lobster is now under construction;

anchor Wal-Mart Supercenter openedlate ‘07; leasing Crossman & Company(Scott Renick), 3309 Wedgewood Ln,The Villages, FL 32162, (352) 753-6654, Email: [email protected].

ILLINOISAntioch: Proposed 600,000 sq. ft.Antioch Marketplace on 84 acres alongRt. 173, south of Little Silver Lake;anchors Kohl’s and Lowe’s; project toalso include smaller retailers andrestaurants; opening ‘10; developerGMX Real Estate Group, LLC (AndyGoodman), 3000 Dundee Rd, Ste. 408,Northbrook, IL 60062, (847) 680-8600,Ext. 302, Email:[email protected] Barrington: L.L. Bean hasopened as part of the initial 350,000sq. ft. phase of 600,000 sq. ft. TheArboretum of South Barringtonoutdoor, upscale shopping center on86 acres at IL Rt. 59 and Higgins Rd(See SCD, P. I921); developer TheJaffe Companies (Dave Cattell), 300N Nova Rd, Ormond Beach, FL 32174,(386) 673-3100, www.jaffecompanies.com.

LOUISIANABaton Rouge: Remerchandising and

retenanting planned for 1.65 millionsq. ft. The Mall at Cortana on 110acres at U.S. 61, Airline Hwy andFlorida Blvd in E Baton Rouge County(See SCD, P. I160); project to includeshuffling store locations, downsizinglarger, older versions of severalnational chains, and adding newdesireable retailers; anchors Dillard’s,JCPenney, Sears, Mervyn’s, Macy's,and Steve & Barrys UniversitySportswear; 150 stores; parking 7473cars; opened ‘76; population 600,000within 60 miles; average householdincome $37,500; developer MallProperties, Inc (Howard Struletz), 654Madison Ave, New York, NY 10021,(212) 935-1330, Email: [email protected]; leasing The DanielGroup (Rene Daniel), 1 Village Square,Ste. 165, Baltimore, MD 21210, (410)435-4300, www.danielgroup.net.

MARYLANDColumbia: Redevelopment proposedfor 1.4 million sq. ft. Columbia TownCenter/The Mall at Columbia on 55acres at I-95, I-70 and U.S. Rt 29 inHoward County (See SCD, P. H488);anchors JCPenney, Sears, Lord &

(continued)

(continued)

36 States and Growing Strong....

Leasing Opportunities

Win Properties, Inc. 10 Rye Ridge PlazaCraig D. Samson Rye Brook, NY 10573T: 914 468 7300 F: 914 468 7330 E: [email protected]

Triangle PlazaShopping CenterRaleigh, NC1,680 sf- 3,000 sf availableBest Buy, FedEx/Kinko’sPanera Bread

Rye Ridge Shopping CenterRye Brook, NY1,000 sf- 6,700 sf availableD’Agostino’s Supermarket, CVS,Blockbuster, Starbucks, My Lily Pad,Last Licks, JW Tumbles, ContactOpening Soon: Z-Life Denim Lounge,Paper Tree

Food Lion CenterStephens City,VA1,180–26,500 sf available (divisible)Food Lion, Pizza HutDollar General, BB&T

Matthews, NC11101 E. Independence Blvd.8,500 sf free standing

Westport, CTTaylor Place & Jessup Road6,100 sf next to Tiffany & Co.Opening Soon: Crumbs Bake Shop

Main Street & Post Road2,400 sf - 4,800 sf next to HSBC &Starbucks

Brookfield, CT21 Federal Road1,985 &2,520 sf, In-line,Free Standing StripVitamin Shoppe, Omni Fitness

Marion, IL1205 Skyline Drive8,500 sf free standing

Ogden, UT145 North Washington Blvd.12,000 sf, In-lineRite Aid, Checkers Auto

Development Opportunity:Louisville, KY+/– 1.1 acresMulti-tenant or single user

Additional Free StandingLeasing Opportunities:Harbor City, CASan Rafael, CAJacksonville, FLAtlanta, GADowners Grove, ILFt. Wayne, INHutchinson, KSFlint, MIFridley, MNFarmington, NMSanta Fe, NMOlean, NYWarwick, RIAppleton, WI


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

Indianapolis, IN-based SimonProperty Group reported that FundsFrom Operations (FFO) for the thirdquarter rose 10.8% to $463.9 million;Regional mall sales was up .4% to$493 per sq. ft. and occupancy dropped.2% to 92.5%, Premium Outlet Cen-ter sales were up 4.2% to $520 per sq.ft. and occupancy dropped .8% to98.8%...For the month of Oct, iPartyCorp said sales were up 3.4% to $17.48million and comparable store sales rose.6%. The company operates 50 retailstores nationwide...Bruegger’s Enter-prises reported that gross sales for thethird quarter from its bagel shops rose8.7% to $45.13 million and compa-rable store sales rose 1.7%...For thefour weeks ended Nov 1, Chico's FASannounced net sales decreased 2.2%to $118.5 million and same-store salesfell 13.4%. The company operates1,083 women's specialty stores underthe names Chico's, White House |Black Market, and Soma Intimates....Big 5 Sporting Goods Corp reportednet sales for the third quarter were$223.2 million, a drop from last year’s$231.3 million; same-store sales de-clined 6.6%...For the month of Oct,Ross Stores, Inc said sales were upt4% to $490 million up from $470 mil-lion and comparable store sales fell2%...Seattle, WA-based Nordstrom,Inc reported preliminary sales fell15.5% to $626 million for Oct andcomparable store sales fell 15.7%...Ce-dar Shopping Centers announcedFFO for the quarter ended Sept 30 was$14.4 million compared to $14.2 mil-lion and occupancy for the company'sstabilized portfolio was 96%...For thefour weeks ended Nov 3, Aeropostale,Inc said total sales were up 9% to$127.4 million and same store salesrose 3%. The company currently oper-ates 864 Aeropostale Stores in 48 statesand PR, 28 Aeropostale stores inCanada, and 14 Jimmy'Z stores in 11states... For the third quarter endedSept 30, Grubb & Ellis reported rev-enue of $159.2 million, which is a netloss of $44 million; year-to-date endedSept 30, the company reported rev-enue of $486.8 million, a loss of $55million... For the third quarter Orlando,

FL-based National Retail Properties,Inc reported FFO rose 8.7% to $36.7million and portfolio occupancy wasat 96.9%...For the month of Oct, Aber-crombie & Fitch announced net salesof $215 million a loss of 14% andsame-store sales fell 20%. In the U.S.,the company operates 353 Aber-crombie & Fitch stores, 209 aber-crombie store, 495 Hollister Co stores,27 Ruehl stores and 13 Gilly Hicksstores...Retail Ventures, Inc, opera-tor of DSW and Filene's Basement,reported total sales for the 13 weeksended Nov, 1 increased 2.9% to $503.5million from $489.4 million and same-store sales fell 3.3%...For the quarterended Sept 30, The Macerich Co saidFFO diluted was $102.1 million or$1.16 per share-diluted, compared to$1.15 per share-diluted; portfolio oc-cupancy was 92.8% compared to93.5%...Cache Inc announced a netloss of $1.6 million for the quarter,compared with a net income last yearof $161,000; net sales fell 4% to $58.1million, and same-store sales dropped4%...For the third quarter Rockville,MD-base Federal Realty InvestmentTrust said FFO was $58.3 million com-pared to $52.5 million; as of Sept 30,the Trust's portfolio was 95.5% les3edand 94.8% occupied...Tanger FactoryOutlet Centers said FFO for the lastquarter rose 9.4% to 70 cents per share,or $26.5 million; same-center net op-erating income increased 4.7%..Forthe quarter ended Nov 1, The Gym-boree Corp reported net sales of$261.3 million, a 6% increase from$247.6 million and comparable storesales fell 2%. The company operates614 Gymboree stores, 112 GymboreeOutlet stores, 110 Janie and Jackshops, and 37 Crazy 8 stores...Peet’sCoffee & Tea reported its revenue forthe third quarter increased 12.5% to$68.5 million, and net income rose$200,000 to $2 million; it expects sharegrowth for the year to be up 20-25%...Charlotte, NC-based Cato Corpreported sales for the month of Oct of$59.5 million compared to $56.9 mil-lion and same-store sales increased4%. The company operates 1,305stores in the U.S. under the Cato and

It's Fashion! names...CKE Restau-rants announced that blended same-store sales for period nine of fiscal2009 increased 1.2% (1.6% for Carl’sJr and 0.8% for Hardee’s); unit vol-ume for company-operated stores rose$54,000 to $1,216,000...Eden Prairie,MN-based grocery chain SupervaluInc said net income for the secondquarter fell 14% to $128 million asrevenue rose to $10.23 billion from$10.16 billion...Sherwin-Williams Coreported net sales for the quarter rose3.3% to $2.269 billion, and for thefirst nine months, sales rose 2.1% to$6.28 billion...RadioShack Corp re-ported a third quarter net income of$50.2 million compared to $46.3 mil-lion and net sales were up 6.4% to$1.022 million...The 59-unit, Fresno-CA-based Gottschalks Inc departmentstore chain announced both same-storesales and total sales for the month ofOct decreased 13.4% to $36.1 mil-lion... Fashion footwear and accesso-ries retailer Steve Madden, said thirdquarter net sales increased 13% to$128.1 million... AFC Enterprises,Inc, operator of 1,905 Popeyes restau-rants worldwide, reported total domes-tic same-store sales decreased 2.8%for the third quarter; domestically thecompany operates 1,571 restaurants...For the month of Oct, Wal-MartStores, Inc said net sales were up2.3% to $28.565 billion and compa-rable-store sales (without fuel) was2.4%...Naperville, IL-based Office-Max Inc announced total sales fell9.5% to $2.1 billion for the quarterended Sept 27...For the four weeksended Nov 1, Limited Brands, Increported comparable store sales fell9% and net sales were $580.4 millioncompared to $644.7 million. The com-pany operates 3,021 specialty storesthrough Victoria's Secret, Pink, Bath& Body Works, C.O. Bigelow, LaSenza, White Barn Candle Co, andHenri Bendel...The Yankee CandleCo, Inc announced total revenue forthe third quarter was up 3% to $181.1million...Columbus, OH-based Glim-cher Realty Trust announced FFOfor the third quarter was $18.8 millioncompared to $20.2 million.

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

YYYYYes I want to make deals in 2009, and your 15th edition of Shopping Center Digest's "Expanding Retailers" will give me thees I want to make deals in 2009, and your 15th edition of Shopping Center Digest's "Expanding Retailers" will give me thees I want to make deals in 2009, and your 15th edition of Shopping Center Digest's "Expanding Retailers" will give me thees I want to make deals in 2009, and your 15th edition of Shopping Center Digest's "Expanding Retailers" will give me thees I want to make deals in 2009, and your 15th edition of Shopping Center Digest's "Expanding Retailers" will give me the

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."

Mail or Fax to: JOMURPA Publishing Inc., PO Box 837, 20 N. Broadway, Nyack, NY 10960 800-211-6858 FAX 845-348-7011

Name _________________________________________________

Company ______________________________________________

Street _________________________________________________

City ___________________ State ___________ Zip ___________

Telephone ( ) _______________ Fax ( ) ______________

E-Mail ______________________________________________

Type of Company _______________________________________

Signature _______________________________________________

Enclosed is my check payable to Jomurpa Publishing Inc in the amountof $149. (New York State Addresses please add appropriate sales tax).Shipping & handling are included due to pre-payment.

I prefer using my credit card:

Account # Exp.

I would rather pay via C.O.D. for the 15th edition of Shopping CenterDigest's "Expanding Retailers." I understand that I will pay an additional$10.00 for this service, total $159.

Type of Owner-Developer Retailer Financial Institution Broker OtherCompany

MONEY-BACK GUARANTEE

15th

Edition

ORDER TODAY!ORDER TODAY!ORDER TODAY!ORDER TODAY!ORDER TODAY!

The 2009, 15th edition of ExpandingRetailers contains all the informationyou need to make contacts and closedeals. FILL THOSE VACANT STORES!

• Profiles the leading andexpanding chains reported on theprevious year

• Contains Contact Names,Addresses, Telephone Numbers,Fax Numbers, and Email Addresses

• With two indexes to make contacteasier -- Alphabetically by storename and by retail category

• Lists the number of new storessought, their space requirements,the type of centers, andgeographic areas for expansion

• The prime source of informationfor owner-developers, leasingagents, managers, brokers --DEALMAKERS!!!

See Us at Booth 434, Americas Hall II at the ICSC New York Dealmaking, New York, NY, December 8-10, 2008.


Taylor, Macy’s, L.L. Bean, AMCTheaters, and Nordstrom; 192 stores;parking 7200 cars; opened ‘71;population 787,237; average house-hold income $91,308; developerGeneral Growth Properties, 110 NWacker, Chicago, IL 60606, (312) 960-5000, www.generalgrowth.com.

MASSACHUSETTSDedham: Construction ahead ofschedule for $90 million, 675,000 sq.ft. Legacy Place open-air center on 40acres at Elm St and Providence Pkwy(See SCD, P. J90); anchors include a16-screen cinema 90,000 sq. ft., WholeFoods 60,000 sq. ft., L.L. Bean 30,000sq. ft., and Borders; 70 stores; 95%leased; parking just under 3000 cars;opening summer ’09; developer jointventure National Amusements, 200Elm St, PO Box 9126, Dedham, MA02027-9126, (781)(781) 461-1600,www.national-amusm.com, and W/SDevelopment Associated (RobertFraizer), 1330 Boylston St, Ste. 212,Chestnut Hill, MA 02467-2180, (617)232-8900, www.srweiner.com.

NEVADASummerlin: Opening date pushedback to fall ‘10 for a planned 1 millionsq. ft. Shops at Summerlin Centre on100 acres at I-215 and Sahara Ave(See SCD, P. I711); anchors Robin-sons-May, Dillard’s, Macy’s andpossibly Lord & Taylor; developerGeneral Growth Properties, 110 NWacker Dr, Chicago, IL 60606-1116,(312) 960-5000, www.generalgrowth.com.

NEW YORKWatertown: 118,000 sq. ft. expansionapproved for 646,000 sq. ft. SalmonRun Mall on 68 acres at I-81 N & Rt 3in Jefferson County (See SCD, P.J125); phased project to include a30,700 sq. ft. expansion of the RegalCinemas to open by May ‘09, a 20,000sq. ft. space next to Burlington CoatFactory, a 41,000 sq. ft. space next tothe mall, a 7,500 sq. ft. free-standingrestaurant, two free-standing retailspaces of 10,000 sq. ft. and 8,600 sq.ft.; anchors The Bon-Ton, JCPenney,Sears 85,000 sq. ft., Best Buy, Dick’sSporting Goods; 95 stores; parking3,600 cars; opened ‘86; last renovatedin ‘94; population 310,736 within 10

miles; average household income$47,977; developer Salmon RunShopping Center LLC, a subsidiary ofThe Pyramid Cos, The Clinton Ex-change, 4 Clinton Sq, Syracuse, NY13202-1078, (315) 422-7000, www.pyramidmg.com.

PENNSYLVANIASwatara Twp: Proposed $90 million,700,000 sq. ft. Swatara Marketplacealong U.S. Rt. 322, just W of Mushr-oom Hill Rd in Dauphin County (SeeSCD, P. J199); possible anchorWegman's Food Markets; developeralso hoping to acquire an additional122 acres for a hotel and businesscomplex; developer Regency Centers,One Independent Dr, Ste. 114, Jack-sonville, FL 32202-3842, (904) 598-7000, www.regencycenters.com.

TEXASEdinburg: Town approves a $16

million tax break for $80 million, 1million sq. ft. Shoppes at Rio GrandeValley on 130 acres at TX 281 andTrenton Rd (See SCD, P. I787); anchorJCPenney 104,000 sq. ft. may havealready opened; developer FirstHartford Realty Group (Peter Higgins),149 Colonial Rd, PO Box 1270,Manchester, CT 06045-1270, (860) 646-6555, Email: [email protected].

VIRGINIA

Lynchburg: Planned 1.5 million sq.ft. Lakeside Centre on 209 acres atLakeside Dr and the LynchburgExpwy; initial phase to include750,000 sq. ft.; contractor EnglishConstruction Company of Lynchburg,VA is a 50% partner; developerRegency Centers, One Independent Dr,Ste. 114, Jacksonville, FL 32202-3842, (904) 598-7000, www.regencycenters.com.


Daniel Group To Help Re-Tenant Cortana MallMall Properties Inc, the man-

aging company for the 1.6 millionsq. ft. Mall at Cortana in BatonRouge, LA, has partnered with TheDaniel Group to reorganize the ten-ant mix at the complex to “comple-ment the department stores andappeal to shoppers.”

“With a strategy that includesshuffling store locations, down-siz-ing large, older versions of severalnational chains, and adding newretailers desired by our shoppers,Rene Daniel and his team have theexperience and proven track recordto get the job done,” said HowardStruletz, Sr VP-leasing with MallProperties.

“Just because we’ve beenaround longer than the other cen-ters in town, doesn’t mean we can’tcreate a unique place with the storespeople want in a way that savesthem money as well.”

Rene Daniel, founder of of theBaltimore-based company bearinghis name, is a recognized expert inthe mcerchandising and leasing ofregional and specialty centersthroughout the US, and consults

for some of the nation’s largestshopping center owner-developers.It is currently leasing five projects,ranging from re-leasing to new de-velopment.

“Whether we are re-merchan-dising or re-tenanting projects, ourgoal is to help each one live up toits potential,” said Daniel. “TheMall of Cortana poses an excitingchallenge because, despite in-creased competition, it remains anextremely viable shopping center.”

Located at the intersection ofAirline Hwy and Florida Blvd, themall is anchored by Dillard’s,JCPenney, Foley’s, and Sear’s. “Itopened in 1976 and has enjoyed thedistinction of being the predomi-nant shopping center in the 13-parish southern Louisiana area,”said Daniel.

He founded his company 23years ago and its key executivesrepresent over 90 years combinedexperience in the shopping centerindustry. Further information maybe obtained from The DanielGroup’s website, www.thedanielgroup.net.


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

ARKANSASRusselville: Plans approved andground work may have already begunon 450,000 sq. ft. The Shoppes atShiloh Creek open-air power centeron 70 acres at NW corner of I-40 andWeir Rd; anchor Kohl’s 126,000 sq.ft.; plans show 15 stores in the mainarea, with another 10 or so stores orrestaurants scattered around; centerwill have a 10-screen movie theater, abank branch, and a hotel; stores rangein size from 8,000 sq. ft. to 64,000 sq.ft.; parking 2,300 cars; opening late‘09; population 25,000; developer jointventure McGill Property Group ofJupiter, FL, Roosa-Magnano Develop-ment of New York, NY, and ColliersInternational (Steven Lane), 802 SEPlaza Ave, Ste. 104, Bentonville, AR72712, (479) 636-9000, Email:[email protected]

CALIFORNIALos Angeles: Construction to beginnext year on $200 million, 300,000 sq.ft. seven-story vertical mall near theRed Line station at Wilshire Blvd andVermont Ave; project to include 100stores under rooftop restaurants and acinema complex; opening by ‘11;developer J.H. Snyder Co, 5757Wilshire Blvd, Los Angeles, CA90036-3635, (323) 857-5546, www.jhsnyder.net.Paso Robles: Ground has been brokenon $70 million, 300,000 sq. ft. GoldenHills Plaza on 26 acres at Hwy 46 andGolden Hills Rd in San Luis ObispoCounty (See SCD, P. I764); anchorsLowe’s 169,112 sq. ft. and Bed, Bath& Beyond 25,000 sq. ft.; 23 stores toalso include two ‘mid-boxes’ CircuitCity and PetSmart; other tenants willinclude El Pollo Loco, The UPS Store,Sky Nails & Spa, Supercuts, andQuizno's; developer Regency Centers,One Independent Dr, Ste. 114, Jack-sonville, FL 32202-3842, (904) 598-7000, www.regencycenters.com.

DISTRICT OF COLUMBIAWashington: Renovations plannedand new high-end stores including anew Bloomingdale’s SoHo conceptstore to open in ‘11 at 317,000 sq. ft.

The Shops at Georgetown Park atWisconsin & M Sts in WashingtonCounty 85 existing tenants includeAnthropologie, Victoria Secret, Dean& Deluca, Intermix, J. Crew, Talbots,Ann Taylor, and H&M; in addition, 25new residential units will be added tothe 120 existing units above the mall;parking 650 cars; opened ‘81; pop-ulation 909,812; average householdincome $88,398; developer WesternDevelopment Corp (Ben Miller), 3255Grace St, NW, Washington, DC 20007,(202) 295-3045, Email: [email protected].

ILLINOISNew Lenox: Ground has been brokenand construction to begin spring ‘09on 450,000 sq. ft. New Lenox TownCenter on 71 acres at Lincoln Hwy(U.S. 30) at Williams St in Will County(See SCD, P. J11); anchors Menards150,000 sq. ft. and Wal-Mart Super-center 203,000 sq. ft.; 20 stores willinclude Aldi, AutoZone, Discount Tire,Panda Express, Petco, Staples, andWhite Castle; opening spring ‘10;developer McVicker DevelopmentLLC (Jeff Middlebrook), 2800 WHiggins Rd, Ste. 650, Hoffman Estates,IL 60169, (847) 884-4825, Email:[email protected].

KENTUCKYLouisville: Planned $50 million to $60million, 450,000 sq. ft. shopping centeron 27 acres at 5101 Outer Loop (just Eof Jefferson Mall) in Jefferson County;project to include two two-storydepartment stores of 137,000 sq. ft.and 72,575 sq. ft, a two-story 72,000sq. ft. sporting-goods store, a 28,000sq. ft. bookstore, and another 20,900sq. ft. retail anchor; phased develop-ment of eight clusters of buildings toalso include seven restaurants, a cafe,and about 25 other stores; parking1,700 cars; developer JeffersonDevelopment Group (Kevin Cogan),1706 Bardstown Rd, 2nd Fl, Louisville,KY 40205, (502) 896-2888, Email:[email protected],leasing CBRE|Louisville (RobertSchwartz, Frank Bellis, Justin Baker,

(continued)

Conceiving andDevelopingQuality RealEstate for 40Years

Mall Properties, Inc.654 Madison AvenueNew York, NY 10065

Telephone: 212.935.1330Fax: 212.832.5369

[email protected]

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 midsummer 2009 opening of PeninsulaTown Center. The modern, energetic mixed-use development features Target,Macy’s and JC Penney, top restaurants, leading specialty shops and office space,as well as upscale residential units set around beautifully landscaped parks.Mercury Plaza, Hampton, VirginiaOpportunities for anchor and inline 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, Circuit City, LA Fitness

Cortana Mall (1,650,000 sf)—Baton RougeDillard’s, JCPenney, Macy’s, Sears, Steve & Barry’s

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, WellsFargo

West Plaza, Glendive—Kmart

The Center at 17, 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, Eckerd Drugs

Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie,Victoria’s Secret, J. Crew, Sephora, Bebe, Georgette Klinger, 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 12,000 Apartments

Savoy Shops—Third Avenue, 60th-61st Streets, New York City65,000 sf. of Retail Shops on 3 Levels, 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, Ruby Tuesday

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

Peninsula TownCenterHampton, Virginiawww.peninsulatowncenter.com

New Jersey

Conceiving andDevelopingQuality RealEstate for 40Years

Mall Properties, Inc.654 Madison AvenueNew York, NY 10065

Telephone: 212.935.1330Fax: 212.832.5369

[email protected]

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 midsummer 2009 opening of PeninsulaTown Center. The modern, energetic mixed-use development features Target,Macy’s and JC Penney, top restaurants, leading specialty shops and office space,as well as upscale residential units set around beautifully landscaped parks.Mercury Plaza, Hampton, VirginiaOpportunities for anchor and inline 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, Circuit City, LA Fitness

Cortana Mall (1,650,000 sf)—Baton RougeDillard’s, JCPenney, Macy’s, Sears, Steve & Barry’s

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, WellsFargo

West Plaza, Glendive—Kmart

The Center at 17, 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, Eckerd Drugs

Manhasset—Crate & Barrel, Abercrombie & Fitch, lululemon athletica, Abercrombie,Victoria’s Secret, J. Crew, Sephora, Bebe, Georgette Klinger, 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 12,000 Apartments

Savoy Shops—Third Avenue, 60th-61st Streets, New York City65,000 sf. of Retail Shops on 3 Levels, 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, Ruby Tuesday

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

Peninsula TownCenterHampton, Virginiawww.peninsulatowncenter.com

New Jersey


and Michael Tabor), (502) 429-6700,www.cbrelouisville.com.

MASSACHUSETTSHolyoke: Proposed Lowe's homeimprovement-anchored retail center on18.7 acres at Whitings Farms Rd nearthe Holyoke Mall; site to also includeadditional retail stores; openingsometime between Aug ‘10 and Jan‘11; developer S.K. Properties De-velopment (Jay Fisher), 342 N MainSt, Ste. 200, West Hartford, CT 06117,(860) 570-2000, Email: [email protected]: Road work has begun toaccomodate 360,000 sq. ft. HighlandCommons on 167 acres at Rt. 62 nearI-495 (See SCD, P. I885); anchors toinclude a home improvement retailerand a supermarket; set to open in ayear or two; developer Sullivan Hayes(Jed Hayes), 10 Waterside Dr, Ste.200, Farmington, CT 06032-3056,(860) 677-5252, Email: [email protected].

MICHIGANLivonia: Demolition planned for re-development of 320,000 sq. ft. LivoniaMall (to be renamed Livonia Market-

place) on 40 acres at Seven Mile andMiddlebelt Rds in Wayne County (SeeSCD, P. J125); development to featureeight buildings in a walkable site mostlikely anchored by Wal-Mart; opened‘64; population 272,000 within fivemiles; average household income$53700.00; developer Livonia PhoenixLLC a joint venture of Grand/SakwaProperties, Lormax Stern and KonoverSouth, 431 Fairway Dr,#300, DeerfieldBeach, FL 33441, (954) 354-8282,www.konoversouth.com.

MISSOURIKansas City: Plans approved for$90.5 million, 307,324 sq. ft. CitadelPlaza on 35 acres at 63rd St and PropectAve (See SCD, P. J200); ‘village-style’retail center to be anchored by asupermarket; parking 1,200 cars;opening spring ‘10; developer Com-munity Development Corp, 2420 ELinwood Blvd, Ste. 400, Kansas City,MO 64109, (816) 924-5800, www.cdcofkc.org.

NEW HAMPSHIRESeabrook: Planning commissionapproved 500,000 sq. ft. shoppingcenter on 50 acres at off Povident Wayand Lafayette Rd (Rt 1); anchors Target137,000 sq. ft. and a another anchor of96,000 sq. ft. (possibly Best Buy); 15stores; developer Developers Diver-sified Realty, 3300 Enterprise Pkwy,Beachwood, OH 44122, (877) 225-5337, www.ddr.com.

PENNSYLVANIALancaster: Construction has begunon $30 million power center on 26acres on Hempstead Rd, near Rt. 30and next to Costco (vacant Kemps Foodplant) in Lancaster County; anchorsLowe’s 117,000 sq. ft. plus a 30,000sq. ft. garden center and BestBuy45,000 sq. ft.; other tenants will includea 6,200 sq. ft. restaurant and a 5,500sq. ft. bank; opening mid-‘09; de-veloper Pennsylvania Real EstateInvestment Trust (Shawn Southard),200 S Broad St, 3rd Fl, Philadelphia, PA19102, (215) 875-0721, www.preit.com.

VIRGINIAHanover: Planned 360,000 sq. ft. to425,000 sq. ft. Outlet Shoppes atRichmond at Lewistown Rd and I-95(in the Winding Brook development),next to the new Bass Pro Shops inHanover County (See SCD, P. J153);

project to include 80 to 90 stores;developer Horizon Group PropertiesInc (Kay Pangraves), One O’HareCenter 6250 N River Rd, Ste. 10400,Rosemont, IL 60018, (847) 292-1870,www.horizongroup.com.

WISCONSINWaukesha: Construction underway on498,000 sq. ft. The Shoppes at FoxRiver on 54 acres along Sunset Dr(former Supervalu distribution center)(See SCD, P. J206); anchors Target,Lowe’s home improvement, andpossibly Pick ‘n Save; project toinclude more than a dozen smallerstores and possibly Sonic drive-in;developer Opus North (Jeff Hildahl),10350 Bren Rd W, Minnetonka, MN55343, (952) 656-4874, Email: [email protected].

CANADAVaughn, ON: Construction may havealready begun on 280,000 sq. ft.Rutherford Market Place at NE cornerof Bathurst St and Rutherford Rd;anchors Longos food stores 50,000 sq.ft. and Shoppers Drug Mart 17,000 sq.ft.; units ranging from 1,200 sq. ft. to30,000 sq. ft. are available for res-taurants, fitness, financial institutions,books, electronics, medical, dentalservices and other retail services;population 120,000 within three miles;average household income $116,125;developer First Capital Realty (RickGreen), 400-85 Hanna Ave, Toronto,ON M6K 3S3, (416) 703-3089, Email:[email protected].

(continued)

Ebay Lists MarylandCenter For Sale

Ames Plaza Shopping Center,a 128,859 sq. ft. project in Cum-ber-land, MD, that is 51% occu-pied, may have been the first shop-ping center to be listed for sale onthe online auction site eBay.

According to center ownerSteve Leydig, he had received anumber of inquiries since theproject at 1050 Industrial Boule-vard was put up for sale in Aug. Itis no longer listed.

The anchor, Ames, moved outin 2002 after filing for bankruptcyprotection. Other tenants are Rent-A-Center and Sav-A-Lot.

Since then, almost 20 acres inBarstow, CA, near a Wal-Mart Su-per Center but zoned residential,has been listed and is availablethrough Nov. 20 for $149,000.

Research ScholarNamed By ICSC

David Wallace, former three-term mayor Sugar Land, TX, hasbeen appointed by the InternationalCouncil of Shopping Center as aresearch scholar for economic de-velopment.

During his two-year term, hewill focus on crerating effectivepartnerships between local govern-ments and real estate developmentcommunity. Research scholarswork with the trade association topublish books and articles, makeeducational videos, and speak atmeetings and conferences.

Subscribe Today

“The Locations Newletter”For the US and Canada

2008 INDEX $

95

OF RETAILERS

& MAJOR CENTERS

Reported on the previous year

Your #1 Leasing and Marketing Tool!Published Twice Monthly With Fast, Reliable, and Comprehensive Information

Mail or Fax to: Subscription Office, Shopping Center Digest, PO Box 837, Nyack, NY 10960 800-211-6858 Ext 203, FAX 845-348-7011es I want the #1 leasing tool for the top developers and retailers. This vital information, published twice monthly in Shopping Center Digest, will keep me up-to-date on this changing industry. And I accept your FULL, money back offer. Start my subscription today!Y

Name __________________________________________________

Company_______________________________________________

Street __________________________________________________

City _________________________State________ Zip ___________

Telephone ( ) _________________ Fax ( ) ________________

E-Mail___________________________________________________

Type of Company_________________________________________

Signature________________________________________________

Payment should be made to JOMURPA Publishing Inc.

� Enclosed is my payment for a subscription to Shopping CenterDigest. Credit me with 2 extra issues for saving you costly billing. If I amdissatisfied, I will get a complete refund and keep the 2008 Index ofRetailers and Major Centers for my trouble.� Start my subscription immediately, but I prefer being billed at theregular rate. I will get the 2008 Index upon my payment. If I am dissatisfied,I will get a complete refund and keep the 2089 Index fo my trouble.

� 1 year $349 � 2 years $593 � 3 years $838

� I prefer using my credit card: � � �

Account # ________________________________ Exp. Date ____________

Subscribe today andreceive the “2008 Indexof Retailers & Major Cen-ters” that were reportedon the previous year, a$95 value!

With up-to-the minute information on newand expanding shopping centers and retail chains

Complete with Names, Addresses, Phone numbers,and Email and/or website of the prime contact

Organized and categorized to fulfill yourimmediate-and future-requirements

Accurate, timely, and reliable sources

The ONLY dealmaking publicationreporting on the US and Canada

For Subscriptions, Advertisingand Editorial call 800-211-6858

3-digit CVC code on the back of card ___________________________

See Us at Booth 434, Americas Hall II at the ICSC New York Dealmaking, New York, NY, December 8-10, 2008.


ALABAMADothan: Planned 69,600 sq. ft.Cottonwood Corners at Ross ClarkCircle and Cottonwood Corners;anchor Publix 45,600 sq. ft.; 15 stores;project to also include five parcels fordevelop-ment; opening fall ‘09;developer Aronov Development, 3500Eastern Blvd, PO Box 235000,Mongomery, AL 36116-1781, (334)277-1000, www.aronov.com.Dothan: Planned 87,415 sq. ft.Westway community shopping centerat U.S. 84 W at John D. Odom Rd;anchor Publix 54,340 sq. ft.; 19 stores;project to also include eight outparcels,including five one-acre lots; openingfall ‘09; developer Aronov Develop-ment, 3500 Eastern Blvd, PO Box235000, Mongomery, AL 36116-1781,(334) 277-1000, www.aronov.com.

ARIZONAScottsdale: Ground may have alreadybeen broken on 100,000 sq. ft .Ironwood Festival on 17 acres at NWof Pima Rd and Union Hills Dr (SeeSCD, P. J190); anchor Fresh & Easygrocery, Walgreens and Tutor TimeChild Care; opening Oct ‘09; develop-er National Retail DevelopmentPartners, 3131 E Camelback Rd, Ste.105, Phoenix, AZ 85016, (602) 277-4500.

CALIFORNIAKerman: Planned 75,000 sq. ft.Kerman Neighborhood ShoppingCenter on 8.47 acres at SE corner ofWhitesbridge and Madera Ave in

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

Fresno County; anchor CVS Pharmacy13,225 sq. ft.; project to be broken upinto nine buildings featuring retailshops and restaurants; leasing Grubb& Ellis, 7480 N Palm Ave, Ste. 101,Fresno, CA 93711, (559) 432-6200.

COLORADOBroomfield: Ground has been brokenon 152,000 sq. ft. The Shops at QuailCreek on 18 acres at NE corner of ZuniSt and 136th Ave (See SCD, P. I852);anchor King Soopers 100, 870 sq. ft.;project to include upscale retailers,banks and restaurants in a pedestrian-friendly environment; parking 800cars; developer Regency Centers, OneIndependent Dr, Ste. 114, Jacksonville,FL 32202-3842, (904) 598-7000,www.regencycenters.com.

INDIANAEvansville: Proposed 200,000 sq. ft.shopping center with a 9,000 sq. ft. to10,000 sq. ft. Lucas Oil Center on 73acres at NE corner of Grimm Rd andIndiana 66 in Warrick County; othertenants will include restaurants, retailstores, and offices; opening over threeyears; developer Hahn Realty Corp(Gene Hahn), 1136 Washington Sq,Evansville, IN 47715, (812) 477-6980,Email: [email protected].

KANSASTopeka: Planned 13,000 sq. ft. retailcenter at SE 29th and Croco; tenantswill include CoreFirst Bank & Trust,Quiznos, and Jump Start conveniencestore; opening spring ‘09; developer J& J Companies (John Brown), 3512

SW Fairlawn Rd, Ste. 400, Topeka,KS 66614, (785) 235-2750, Email:[email protected]: Planned retail center at 15thand Adams; tenants will include Maid-Rite, burger and fries joint and JumpStart convenience store; openingspring ‘09; developer J & J Companies(John Brown), 3512 SW Fairlawn Rd,Ste. 400, Topeka, KS 66614, (785)235-2750, Email: [email protected].

KENTUCKYLouisville: Construction could beginspring ‘09 on $13 million, Highviewat Hustbourne Center on 14.1 acresjust NE of Fegenbush Lane and thenew extension of Hustbourne Pkwy;project to be anchored by a 58,000 sq.ft. grocery store and also include tworestaurants, a coffee shop, a con-venience store/gas station, a bank, andfour retail buildings with a total ofabout 38,000 sq. ft.; parking 482 cars;developer Redlee Construction &Development Co, 10408 Foxboro Dr,Louisville, KY 40223, (502) 412-3777.

MASSACHUSETTSBoston: A 45,000 sq. ft. Stop & Shopsupermarket to anchor $140 million,155,000 sq. ft. Town Center atabandoned Raytheon and Plaroidproperty; project to also include retail,restaurant, and office space, and a 2-acre town green; opening ‘10; de-veloper c/o Stop & Shop (James Silvia),1385 Hancock St, Quincy, MA 02169,(617) 770-8626, Email: [email protected]: Construction nearingcompletion on 70,000 sq. ft. Wilming-ton Crossing at 275 Main St (acrossfrom Wilmington Plaza) (See SCD, P.J32); confirmed tenants includeStaples, Starbucks, Kendra & An-thony’s, Danvers Bank, Sleepy’s,Dollar Tree, Pearle Vision, D’-Angleo’s, La Chic Nail and Skin-care,Fantastic Sams, and Ruby Tuesdaydeveloper Coffman Realty Inc(Michael Coffman), 1300 Belmont St,Ste. 302, Brockton, MA 02301, (508)

(continued)

Investors Asks Target To Sell Its Real EstateAn investor who owns less than

10% of Target Corp is asking theretailer to spin off the real estateunder its stores to a publicly tradedREIT as a move to raise thediscounter’s stock price.

Under the plan from WilliamAckman of Pershing Square Capi-tal Management, Target, whichowns the land under 85% of itsstores, would pay the trust $1.4billion a year under a 75-year

ground lease and would retail own-ership of the buildings.

Some suggest the move couldcause debt-rating agencies to lowerthe retailer’s credit ratings now at A.

Bankrupt Mervyn’s is suingits former equity owners, CerberusCapital Management and Sun Capi-tal, (See SCD, P. J195) chargingthey stripped it of valuable realestate, nearly doubled its rent, andforced it into Chapter 11.

FOR NEW OR EXPANDING CENTERSName of Center

Retail (GLA) area

Enclosed or open mall

Nearest street intersection

City or town County

State Acreage

Nearest metropolis How far?

Groundbreaking Open

Major tenants, size of units

Other tenants & No. of stores

Cost of project Parking

Trade Area Household Income

Developer

Leasing Agent

Address

Telephone Fax

Other data or comments

FOR CLASSIFIED ADVERTISEMENTS

For Help Wanted, Positions Wanted, Sites Available, Space Avail-able, Business Opportunities, Services, Shopping Centers ForSale, Etc.Cost: $95.00 per column inch. Discounts for multiple insertions;Box charge $5.00 per insertion.

CHECK MUST ACCOMPANY AD

Please insert this ad in the next issue(s)

Category

Size Box Number Yes No

Copy

Company

Address

City State Zip

Telephone Fax

Authorized By Amt. Enclosed $

Telephone: (845) 348-7000 www.shoppingcenters.com FAX: (845) 348-7011

"TheLocations

Newsletter"

PO Box 83720 N. Broadway

Nyack, NY 10960

E-Mail


FOR OPEN CENTERS WITHLEASE SPACE AVAILABLE

Name of Center

Retail (GLA) area

Enclosed or open mall

Nearest street intersection

City or town County

State Acreage

Nearest metropolis How far?

When opened Parking

Major tenants, size of units

Other tenants & No. of stores

Annual sales of center

Retail space available

Types of tenants sought

Trade Area Household Income

Owner

Leasing Agent

Address

Telephone Fax

Other data or comment

FOR RETAILERS SEEKING SPACE

Name of chain

Type of chain

Address

No. of units Size

Avg. sq. ft. vol.

New stores planned

Type of center sought:

Up to 200,000 sq. ft.

201,000-500,000 sq. ft.

Over 501,000 sq. ft.

Geographical-city areas

Real estate director

Telephone Fax

Other data or comments Other data or comments

E-Mail

Company

Address

City State Zip

Telephone Fax

E-Mail

E-Mail



588-0560, Email: [email protected].

MICHIGANRoyal Oak: Planned 140,000 sq. ft.grocery-anchored (possibly Kroger)shopping center on 14 acres at 13 Mileand Coolidge Way; developer GrandSakwa Properties, 32000 NorthwesternHwy, Ste. 125, Farmington, MI 48334,(248) 855-5500.

MINNESOTAByron: Construction could begin thisfall on 8,000 sq. ft. to 10,000 sq. ft.retail strip mall with four to six tenantsW of the Byron Market Place in theHigh Point Business Center; developerRandy Fogelson, 863 High Point DrNE, Byron, MN 55920, (507) 259-6765.

NEW JERSEYRaritan: 6,000 sq. ft. expansion andfacade renovation planned for 157,000sq. ft. Somerville Circle ShoppingCenter at SW corner of the SomervilleCircle (See SCD, P. F512); tenantsinclude PC Richard & Sons, Petco,Five Below, Toys ‘R Us, Burger Kingand Panera Bread; opened ‘96;developer Levin Management Corp(David Silver), PO Box 326, Plainfield,NJ 7061, (908) 755-2401, Email:[email protected].

NEW YORKNiagara Falls: Commercial rezoningto be voted on for a proposed 146,000sq. ft. Military Place on 22 acres atMilitary Rd, across from the FashionOutlets Niagara Falls (See SCD, P.J234); project to include yet-to-be-named 64,000 sq. ft. national retailanchor store; project to also include ajunior anchor store, casual-themedrestaurant, a small strip mall, and theexisting Perkins Restaurant; developerBenderson Development (EricRecoon), 570 Delaware Ave, Buffalo,NY 14202, (716) 886-0211, Email:[email protected] Point: Proposed Walgreen's-anchored shopping center on Rt 25Aand Hollock-Landing Rd (behind theformer CVS) in Suffolk County (SeeSCD, P. J234; three separate buildingto also include Bank of American anda Pizzeria Uno Chicago Grill; membersof town civic commission want centerto be ped-estrian-friendly, “walkable”village; developer The Richmond Co

(John Culmone), Wilmington, MA01887, (978) 988-3900, Email:[email protected].

NEW MEXICOLas Cruces: New owners plan $10million renovation of 100,000 sq. ft.El Paseo Shopping Center (to berenamed El Paseo Ranch Plaza); centerto be anchored Pro’s Ranch Markets45,000 sq. ft., featuring fresh Hispanicfoods and baked goods; seekingnational tenants to fill out the center;developer Pro’s Ranch Markets (GaryGitlin), 1602 E Roosevelt St, Phoenix,AZ 85006, (602) 254-7201, Email:[email protected].

NORTH CAROLINANags Head: Plans approved for aFood Lion-anchored retail center on10 acres at 2601 S Croatan Hwy,between the 158 bypass and Wrights-ville Ave (See SCD, P. J234; project toalso include OBX Bank and the StateEmployees Credit Union, retail shops,and a 1,400 sq. ft. restaurant; developerQuible and Associates, 8 Juniper Trl,Kitty Hawk, NC 27949-3732, (252)261-3300.

NORTH CAROLINAHavelock: Ground may have alreadybeen broken on 21,200 sq. ft. TheSound of Freedom Shoppes on 7.2acres across U.S. 70 from Wal-Mart;anchor Dollar Tree 9,000 sq. ft.; anadjacent 5,000 sq. ft. space will housea national sports store and there will befour other shops totaling 7,200 sq. ft.with one of those being Game Stop, anational hair salon, and a national cellphone retailer; opening spring ‘09;developer Morton, Crayton Ventures(Fred Morton), Country Club Rd, TrentWoods, NC 28562, (252) 633-4083.

PENNSYLVANIALancaster: Planned $5 million to $6million “new urban” shopping centeranchored by a community grocery storeon 5.7 acres along S Duke St (formerMiguel’s nightclub); project to alsoinclude retail shops, a full-servicerestaurant/entertainment venue, andpossibly some performing arts space;opening in two to three years; de-veloper Spanish American CivicAssociation (Carlos Graupera), 545Pershing Ave, Lancaster, PA 17602,(717) 397-6267.Monroeville: Town Council approves

(continued) a two-year extension for a proposed36,660 sq. ft. expansion behind 38,000sq. ft . Haymaker Village alongBroadway Blvd (See SCD, P. H702);developer The Widewaters Group, Inc(Scott Luedtke), 5786 Widewaters Pkwy,Dewitt, NY 13214, (315) 445-2424.

SOUTH CAROLINAWest Ashley: $20 million redevelop-ment has begun on St. AndrewsShopping Center at Savannah Hwy;project to include tearing down nearlyhalf (70,000 sq. ft.) of the center andreplacing it with 90,000 sq. ft. of brandnew store space including a new 52,000sq. ft. Harris Teeter supermarket;opening fall ‘09; developer KimcoRealty Corp (Paul Puma), 4425Randolph Rd, Ste. 204, Charlotte, NC28211, (704) 362-6107. Email: [email protected].

TENNESSEEMemphis: Construction may havealready begun on 45,500 sq. ft.Commercial Parkway Shopping Centeron 4.3 acres at Elvis Presley andCommercial Pkwy; project to featurefour buildings with retail and officespace; possible tenants include Dom-ino’s Pizza, Dunkin’ Donuts, FedExOffice, and Cartridge World; openingNov ‘10; architect JRH & AssociatesPLLC; developer Nelson PropertiesDevelopment LLC (LaToya Nelson),3360 Fontaine, Memphis, TN 38116,(901) 332-5670, Email: [email protected].

TEXASHarker Heights: Constructionnearing completion on Knights Cross-ing on the 400 block of Knight’s Way,near Walgreen's; tenants will include acleaners, a restaurant, and medicalclinic; stores range in size from 1,400sq. ft. to 17,000 sq. ft.; opening Feb‘09; developer John Reider Properties(Dayna Reider), 455 E Central TXExpwy, Ste.101, Harker Heights, TX76548, (254) 699-8300, Email: [email protected].

WISCONSINOshkosh: Redevelopment could beginby December on Fair Acres shoppingcenter (See SCD, P. E130); Shopko54,000 sq. ft. expected to open spring‘09; project will also include two 3,000sq. ft. duplex buildings and potentiallyanother 5,100 sq. ft. retail strip center


ARIZONABuckeye: Construction to begin beforeyear-end on Watson Marketplace on20 acres at NE corner of Sundance Aveand Watson Rd south of I-10; plansbeing adjusted to address residents'concerns regarding traffic, crime, andnoise issues; opening late ‘09; projectto feature stores, res-taurants, a coffeeshop, gas station and repair shop, andtwo office or medical buildings, and athree-story Holiday Inn Express;confirmed tenants include Bank ofAmerica and Discount Tire; developerDiversified Partners De-velopment Co(Liz Gaston), 5635 N Scottsdale Rd,Ste. 150, Scottsdale, AZ 85250, (480)947-8800, www.dpcre.com.Scottsdale: Construction continues oninitial phase of 600,000 sq. ft.Scottsdale Quarter on 28 acres at SEcorner of Scottsdale Rd and Greenway-Hayden Loop; upscale lifestyle centerwill include 370,000 sq. ft. of retailand restaurant options, 35,000 sq. ft ofentertainment, and 205,000 sq. ft. ofoffice space; initial phase to openspring ‘09 with 260,000 sq. ft. of retailand office space including Williams-Sonoma Home, West Elm OakvilleGrocery, H&M, Brio Tuscan Grille,Cameron's Steakhouse, Martini Park,and Parc; remaining 350,000 sq. ft. ofretail and office space to be completedby March ‘10 and include BingCrosby's restaurant and lounge,Mitchell's Fish Market, Momenti Cafe,Santorini Mediterranian Cuisine,StringRay Sushi, Tutta La Casa, GoldClass Cinemas, Optica, and Socratifootwear; developer Glimcher RealtyTrust, 150 E Broad St, Ste. 302,Columbus, OH 43215-3610, (614)224-1800, www.glimcher.com.

ARKANSASLittle Rock: Planned $70 million,750,000 sq. ft. landscaped retail,residential, and office complex; anchorTarget; opening ‘10; developer StrodeProperty Co (Chuck Keller), 5950Berkshire Ln # 1275, Dallas, TX

UPSCALE SPECIALTY, LIFESTYLEMIXED-USE, ENTERTAINMENT

75225-5846, (214) 361-6900.

FLORIDANaples: $5 million dollar renovationto begin summer ‘09 on 115,000 sq. ft.Village on Venetian Bay in the ParkShore area, W of U.S. 41 in Lee County(See SCD, J107); project to becompleted before the end of the yearand include new flooring, lighting,fountains, more landscaping and moreoutdoor seating at restaurants; inaddition, a few new restaurants willinclude M Waterfront Grille; 50+stores; opened ‘87; developer TheLutgert Cos (Dougall McCorkle), 4200Gulf Shore Blvd N, Naples, FL 34103-3436, (239) 261-6100, www.lutgert.com.

IOWAAltoona: Planned 1.46 million sq. ft.The Shoppes at Prairie Crossing on200 acres adjacent to both PrairieMeadows Racetrack & Casino andAdventureland Amusement Park;project to include 760,000 sq. ft. ofopen-air lifestyle fashion retailerssurrounded by 700,000 sq. ft. ofadditional big box and hospitalitytenants; anchor Bass Pro Shops;developer Heart of America Develop-ment Group (Calvin N. Hileman), 1501River Dr, Moline, IL 61265, (309) 743-3260, Email: [email protected]: The Great Escape homeleisure retailer on 23.55 acres to joinElmore Marketplace at 53rd St andElmore Ave (See SCD, P. G183);power center also includes Dick’sSporting Goods, Lowe’s, Target, OldNavy, Kohl’s, American appliance andfurniture, Gordman’s, Borders, Sta-ples, andSam’s Club; opened ‘99;population 273,758 within 10 miles;average household income $83,515;developer c/o Heart of America De-velopment Group (Calvin N. Hileman,VP Real Estate-Leasing) 501 RiverDr, 1501 River Drive, Moline, IL61265, (309) 743-3260, Email:[email protected].

LOUISIANABaton Rouge: Redevelopment tobegin in the first half of ‘09 on AcadianVillage at Perkins Rd and AcadianThruway; mixed-use neighborhooddevelopment to include five newbuildings housing retailers, res-taurants, and 53 rental units; the firsttenant, New Orleans-based AcmeOyster House, is already opened;developer Commercial PropertiesRealty Trust, 5630 Bankers Ave, BatonRouge, LA 70808-2609, (225) 924-7206, www.cprt.com.

MASSACHUSETTSBoston: Due to legal issues betweeninvestors, construction has beendelayed for $600 million, 1.1 millionsq. ft. Waterside Place on 10 acres aton the South Boston Waterfrontbetween Summer and Congress Sts(across the street from the new BostonConvention & Exhibition Center) (SeeSCD, P. H954); complex to include ashopping plaza possibly anchored byNordstrom, a 300-room luxury hotel,a parking garage, and a 19-storycondominium building; parking 2000+cars developer joint venture DrewCompany, 200 Seaport Blvd, Ste. 50,Boston, MA 02210, (617) 385-5060;and Vornado Realty Trust, 210 Rt. 4East, Paramus, NJ 07652, (201) 587-1000, www.vno.com.Boston: Developers have hiredconsultants to determine whether the$800 million, Columbus Center mixed-use project on the border of Boston’sBack Bay and the South End (on top ofthe Mass Tpke.) is financially viable;complex to include retail, condo-miniums, and a hotel; developerWinnDevelopment, Six Faneuil HallMarketplace, Boston, MA 02109, (617)742 4500, www.winncompanies.com, and MacFarlane Partners, 201Spear St, 12th Fl, San Francisco, CA94105-1635, (415) 356-2500, www.mcfarlanepartners.com.

(continued)

between Pick ‘n Save and Taco Bell;plans also outline another potential20,000 sq. ft. of retail to the E of

Shopko; developer 1900 Jackson St,LLC c/o Bros LLC (Andy Dumke andMike Goudreau), 222 Ohio St, Osh-

kosh, WI 54902, (920) 230-3802,Email: [email protected] [email protected].


Boston: Plans approved in June ‘06,but construction delayed due toeconomy on 1.8 million sq. ft. SouthStation between the back of SouthStation train station and an adjacentbus terminal (See SCD, P. I444); 40-story glass tower to include stores,office space, condominiums, and a200-room hotel; parking 1,000 cars;developer Hines Interests LP, 2800Post Oak Blvd, 50th Fl, Houston, TX77056-6100, (713) 966-7676.

MARYLANDBowie: Ground could be broken nextyear on shopping center and town-houses on 15 acres at Hall Rd (SeeSCD, P. J235); project to include alibrary, pharmacy, credit union, andhopefully a coffee shop; city also plansto make road improvements; developerc/o attorney Dan Lynch, 14440 OldMill Rd, Upper Marlboro, MD 20772,(301) 952-0100.

MISSOURIKansas City: Details being workedout for a redevelopment of the formerBannister Mall into the Three Trailsmixed-use complex at I-435 & Banni-ster Rd in Jackson County (See SCD,P. I934); plans call for a major retail,office, and hotel development an-

chored by an 18,500-seat soccerstadium that would be the home of theThe Kansas City Wizards; population400,000 within five miles; averagehousehold income $40,382; developerLane4 Property Group, 4705 CentralSt, Ste. 200, Kansas City, MO 64112,(816) 960-1444, www.lane4group.com.

NEBRASKALincoln: Construction continues on370,000 sq. ft. The Marketplace atVillage Gardens on 25 acres at 56thand Pine Lake Rd in Lancaster County(See SCD, P. J91); 26 tenants willinclude Union Bank, Campbell’sNursery, Scooter’s Coffee Shop, andResidence Inn by Mariott; openingsometime next year; population480,432; average household income$100,000; developer Campbell Family;leasing Century 4 Retail Advisors (KenGaragiola), 8 Jackson Dr, Egg HarborTwp, NJ 08234, (609) 926-1786,Email: [email protected].

NEVADALas Vegas: Plans delayed for $500million Echelon Place on 87 acres atformer Stardust Casino (See SCD, P.I791); project to include a 300,000 sq.ft. of shopping promenade, 5,000 hotelrooms, a 14,000 sq. ft. casino, 75,000sq. ft. of meeting space, 30 restaurants,and two theaters; developer a jointventure of General Growth Properties,110 N Wacker Dr, Chicago, IL 60606-1116, (312) 960-5000, www.generalgrowth.com and Boyd Gaming Corp,2950 Industrial Rd, Las Vegas, NV89109, (702) 792-7200, www.boydgaming.com.

NEW YORKWest Bronx: Planned 575,000 sq. ft.The Shops at the Armory (KingsbridgeArmory) at Kingsbridge Rd at JeromeAve in Kingsbridge Heights (See SCD,P. J119); project to include a largedepartment store or big-box store, asmany as 35 smaller shops, a movietheater, restaurants, and retail banking;developer Related Companies, 60Columbus Circle, New York, NY (212)421-5333, New York, NY 10023, (212)421-5333, www.related.com.

NORTH CAROLINAClemmons: Plans on track for aproposed $100 million ClemmonsTown Center on 62 acres near I-40between Lewisville-Clemmons and

Harper Rds; project to include 540,000sq. ft. of shopping space, a gourmetmarket, a theater, apparel retailers, anational shoe retailer, a number ofrestaurants and cafes, and 60,000 sq.ft. of office space; opening ‘10; projectis adjacent to a 90-acre tract whereNovant Helath Inc hopes to build a 50-bed hospital; developer Hill Partners,101 W Worthington Ave, #204,Charlotte, NC 28203, (704) 551-2202.Clemmons: Proposed restaurant andoffice complex (an extension of theRiver Ridge Shopping Center) on threeacres off Lewisville-Clemmons Rd,near the interchange with U.S. 421 inForsyth County; two buildingS toinclude a 3,500 sq. ft. restaurant withdrive-through service and a two-story17,000 sq. ft. office and retail building;developer Stan Forester.

OHIOSolon: Proposed $600 million CentralPark mixed-use development on 90acres on SOM Center Rd betweenBainbridge and Solon Rds (See SCD,P. I936); development to include equalparts retail, office and residential, with25% of the acreage reserved for openspace; plans also include a full-servicehotel, an ice rink, a large open-airperformance area, and a blend ofhousing and commercial units; de-veloper Coral Co (Peter Rubin), 24400Chagrin Blvd, Ste. 100, Beachwood,OH 44122-5404, (216) 765-8822.

OKLAHOMAClaremore: Planned $100 million650,000 sq. ft. Oklahoma Plazalifestyle center on 140 acres alongCountry Club Rd; commercial, officeand residential project featuring amixture of stores, shaded sidewalks,water features, and curbside parking;developer Claremore Vision LLC asubsidiary of Resource DevelopmentInc (Jeremy Parsons), 1343 E KingsleySt, Ste. G, Springfield, MO 65804,(417) 883-0202, www.resourcedevelopmentinc.com; leasing StanFrisbie Real Estate (Tony Lombardi),7819 E 99th Pl, Tulsa, OK 74133,(918) 299-0760, Email: [email protected]

OREGON

Sunriver: Financial problems coulddelay the $200 million redevelopmentof Sunriver Village Mall on 16.5 acres

(continued)

Kimco To Focus On ItsCore Business

Kimco Realty Corp has reducedits planned transaction income tonearly zero for the fourth quarterand will focus on its core business,neighborhood and communityshopping centers.

Due to lack of credit availableto buyers, the company is “uniquelypositioned,” said David Henry, vicechairman and chief investment of-ficer, to acquire and manage largeportfolios for institutional inves-tors and to take advantage of op-portunities when potentialacquirers wait for capital marketsto stabilize.

Kimco has interests in 1,945properties totaling 182 million sq.ft. in the US, Canada, and othercountries.


CENTERS WITH LEASE SPACE AVAILABLECALIFORNIA

La Habra: 215,000 sq. ft. ImperialPromenade on 17.08 acres at ImperialHwy and Idaho St in Orange County(See SCD, P. I609); center recentlyopened; anchors Target and CircuitCity; tenants also include CornerBakery, Chipolte, Pinkberry, CakeHouse,and Z Pizza; developer jointventure Hopkins Real Estate Group(Sharon Courtway) 17641 Derian Ave,Ste. 106, Irvine, CA 92614, (949)270-2409, Email: [email protected] and Arnel CapitalPartners, 949 S Coast Dr, Ste. 600,Costa Mesa, CA 92626, (714) 481-5071.Palmdale: 523,000 sq. ft. 47th StreetPavillion on 70 acres at NW corner ofAve R and 47th St E (See SCD, P.J224); center expected to be completedby the end of Nov ‘08; anchor SuperTarget 172,815 sq. ft. opened this pastsummer; other tenants will includeHome Depot, Ross Dress for Less,Staples, PetSmart, Panera Bread,Burger King, Bank of America, Bathand Body Works, Famous Footwearand Cold Stone Creamery; developerHopkins Real Estate Group, 17641

Derian Ave, Ste. 106, Irvine, CA92614, (949) 270-2400, www.hopkinsgroup.com; leasing Coreland Com-panies, 17542 E 17th St, Ste. 420,Tustin, CA 92780, (714) 573-7780,www.coreland.com.San Clemente: 103,000 sq. ft. TalegaVillage Center "mission-style" neigh-borhood shopping center on 10.32acres at SW corner of Avenida VistaHermosa and Avenida Talega (nearthe heart of the 3,510-acre “Talega ofSan Clemente” master-planned com-munity) (See SCD, P. H940); newlycompleted center is anchored byRalphs Fresh Fare; other tenantsinclude Eric Hanan Jeweler, V’sBarbershop, Peet’s Coffee, Little Gym,Wells Fargo, First Class Pizza, Juice itUp, Verizon, and Sun Dried Tomato;developer/leasing Hopkins Real EstateGroup, 13 Corporate Plaza Dr, Ste.200, Newport Beach, CA 92660, (949)640-1770, www.hopkinsgroup.com.San Jose: 350,000 sq. ft. El Paseo deSaratoga at Saratoga, Hamilton andCampbell Aves (See SCD, P. F393);new owners; tenants include a 14-screen AMC Theater, Lucky’s grocerystore, Petco, and Office Max; opened/

‘74; owner/leasing Terramar RetailCenters, 5973 Avenida Encinas, Ste.300, Carlsbad, CA 92008-4476, (760)

in Deschutes County (See SCD, P.J210); retail and residential de-velopment is likely to break ground inthe next two years to replace the agingSunriver Village Mall; mixed-usedevelopment to combine 85,000 sq. ft.of retail with roughly 375 condo-miniums; developer SilverStar Destin-ations LLC c/o Jon Harder of SunwestManagement, PO Box 3006, Salem,OR 97302, (503) 375-9016, www.sunwestmanagement.com.

TEXAS

Flower Mound: Ground may havealready been broken on The River Walkat Central Park mixed-use project on160 acres at Cross Timbers and LongPrairie Rds in Denton County (SeeSCD, P. J236); project to include675,000 sq. ft. shopping center, twohotels, apartments, and a $100 million,180,000 sq. ft. Pres-byterian Hospitalto open in ‘10; Ground may havealready been broken; developer Five

(continued)

Star Real Estate (Bill Resch), 800 Park Sq,Ste. 260, Flower Mound, TX 75028, (972)874-9700, Email: [email protected].

VIRGINIAHampton: Construction well under-way and close to completion onPeninsula Town Center (formerColiseum Mall site) (See SCD, P.I448); mix of retail, restaurant, office,and residential space; final buildingwill have a movie theater and possiblya comedy club; population 500,000within a 20-minute drive; developerMall Properties, Inc, 654 Madison Ave,11th Fl, New York, NY 10021-8404,(212) 935-1330.Hampton: Ground to be broken July‘09 on Hampton Place on 19 acresnear the crossroads of I-64 and 664, Wof the Hampton Coliseum (See SCD,P. J156); project to include 100,000sq. ft. of retail and restaurants, 100,000sq. ft. of office or residential, a largehotel, 2,000-seat live entertainment

Troubled GGP ReplacesExecs, Selling Centers

Overwhelmed by $27 billion indebt that has caused its stock toplummet, and forced it to lay off asubstantial number of its employ-ees, General Growth Properties hasreplaced its chief executive andpresident and is selling several LasVegas luxury malls.

John Bucksbaum was replacedas CEO by Adam Metz, and RobertMichaels as president by ThomasNolan Jr. Bucksbaum will continueas chairman, Michaels as COO.

Placed on the market are Fash-ion Show Mall, Grand CentralShoppes and the Palazzo.

At the beginning of the year,GGP’s stock was selling at $40 pershare. At this writing the price was$3.09.

theater and parking garages; openingMay ‘12; developer XL DevelopmentGroup LLC (Vincent W. Falleroni), 22Wabash St, Pittsburgh, PA 15220-5436, (412) 920-1965.Newport News: Construction to beginsoon on final townhomes at PatrickHenry Place on 52 acres at off JeffersonAve beside I-64 (See SCD, P. I691);mixed-use development features 30stores, restaurants, residential and twohotels - a 120-room Courtyard byMarriott and a Residence Inn by Marr-iot; restaurants include Cheeseburgerin Paradise and Carrabba's Grill;opulation 171,264 within 5 miles;average household income $63,881;developer Kahn Development Co(Gerard Stick Thibodeaux), P.O. Box1608, Columbia, SC 29202, (803) 736-3325, Email: [email protected]; leasing The Shopping CenterGroup (Debra Ramey), 534 SettlersLanding Rd, Hampton, VA 23669-4079, (757) 722-2500.


(continued)804-8600, www.terramarcenters.com.

COLORADO

Aurora: 685,000 sq. ft. Cornerstar on158 acres at Parker and Arapahoe Rds;grand opening was Oct 10, '‘08; an-chors Sun Flower Market, Target, andBest Buy; other tenants include, 24Hour Fitness, Dick’s Sporting Goods,Home Goods, Biondi Jewelers, Pa-cific Dental and many more; devel-oper Alberta Development PartnersLLC, 5460 S Quebec St, Ste. 100,Greenwood Village, CO 80111, (303)771-4004. leasing join venture David,Hicks & Lampert Brokerage LLC,7800 E. Orchard Rd, Ste. 150, Green-wood Village, CO 80111, (303) 694-6082, www.dhlb.com and Staubach,1125 17th St, Ste. 1420, Denver, CO80202, (303) 572-1800.Durango: 218,813 sq. ft. DurangoMall on 20 acres at U.S. Hwy 160/155(See SCD, P. J93); currently seekingdestination retailers, and fast foodoperators for the new food court;anchor JCPenney, Bealls, Linens NThings, Pier I Imports; averagehousehold income $58,921; leasingCentury 4 Retail Advisors, LLC (KenGaragiola), 8 Jackson Dr, Egg HarborTwp, NJ 08234-5957, (609) 926-1786,Email: [email protected].

FLORIDACape Coral: 10,000 sq. ft. Shops atSurfside at on Veterans Pkwy andSurfide Blvd at entrance to new 1569unit Sandoval master-planned com-munity (See SCD, P. I936); newesttenant Elmquist Eye Group 2,022 sq.ft.; anchors Belk 73,819 sq. ft. andHome Goods 25,000 sq. ft.; 25 stores

also include Kirklands, Starbucks,Rack Room shoes and Hibbett SportingGoods; developer Dodge Capital, LLC,460 Winnetka Ave, Ste. 7, Winnetka,IL 60093, (847) 716-1995. leasingCourtelis Company (Rod Castan andErin Coleman), 703 Waterford Way,Ste. 800, Miami, FL 33126, (305) 261-4330, Email: [email protected] [email protected] Creek: 350,000 sq. ft. ThePromenade at Coconut Creek at 4451Lyons Rd in Broward County; initialphase has opened with 196,000 sq. ft.of retail and of 50,000 sq. ft. of officespace; a second phase, with anadditional 105,000 sq. ft. of retail andoffice is scheduled for completion in‘09; 75 tenants will include BananaRepublic, Ann Taylor Loft, Chico’s,Talbot’s, Coldwater Creek, Jos. ABank, Sunglass Hut, Saito's JapaneseSteakhouse, Fish City Grill, Lime FreshMexican Grill, and Starbucks; de-veloper/leasing Stanbery Develop-ment, 328 Civic Center Dr, Columbus,OH 43215, (614) 437-8100, www.stanbery.com.Jacksonville: 262,215 sq. ft. HighlandSquare at Dunn Ave and Monaco Dr inDuval County; A.J. Wright has openedfor business; existing anchors PublixSupermarkets, CVS, Office Depot, BigLots, Dollar Tree, and Family Dollar;58 stores; opened ‘85; population107,895 within five miles; averagehousehold income $52,340; developerDLC Management Corp (MichaelCohen), 580 White Plains Rd, 3rd Fl,Tarrytown, NY 10591, (914) 631-3131, Email: [email protected] Lake: 160,000 sq. ft. VillageCrossroads at U.S. Hwy 27/441, across

from Lady Lake Crossing (See SCD,P. J206); center opened in Oct ‘08;anchors Best Buy, Bed Bath & Beyond,PetSmart, A.C. Moore and a junioranchor; other tenants will includeLongHorn Steakhouse, and Arby’s;future tenants include Insight FinancialCredit Union, Vitamin Shoppe, andFive Guys Burgers and Fries; de-veloper/leasingThe Benchmark Group(Marty DelleBovi), 4053 Maple Rd,#200, Amherst, NY 14226-1058, (716)833-4986, Email: [email protected] Tampa: 800,000 sq. ft. TheShops at Wiregrass at State Rd 56 andBruce B. Downs Blvd in Pasco County(See SCD, P. J197); $156 million, superregional lifestyle retail center hasopened with 75% of its space leased;anchors JCPenney 98,000 sq. ft.,Dillards, and Macy’s; another 30 storesare expected to be added later; 60existing stores include WilliamsSonoma and Coach; developer Good-man Co, 777 S Flagler Dr, Ste. 1106 -Philips Point, West Palm Beach, FL33401-6192, (561) 833 and ForestCity Enterprises, 1100 TerminalTower, 50 Public Sq, Ste. 700,Cleveland, OH 44113-2203, (216)621-6060, www.fceinc.com.

INDIANA

Elkhart: 606,238 sq. ft. Concord Mallon 112 acres at US Hwy 33 and CountyRd 20 in Elkhart County (See SCD, P.H532); anchors JCPenney, ElderBeerman, Hobby Lobby, ABC Ware-house, and Martin’s Supermarket; 75stores; parking 3,742 cars; opened ‘72;population 177,534; average house-hold income $60,339; owner/leasingConcord Mall Properties (RobertThatcher), Concord Mall ManagementOffice, 3701 S Main St, Elkhart, IN46517, (574) 875-8416, Email:[email protected].

KANSAS

Overland Park: 1 million sq. ft.Corbin Park at SE corner of 135th Stand Metcalf Ave. (See SCD, P. I395);a 142,000 sq. ft. Von Maur has opened;other tenants open for business includeBackwoods, Valley View Bank,Commerce Bank, and Lifetime Fitness;other tenants will include Nylo Hotel,JCPenney, Sports Authority, GordonBiersch, Barnes & Noble, Off Broad-

A class action suit has beenfiled against General Growth Prop-erties and current and former ex-ecutives charging the developerwith fraud, insider trading and mis-leading statements regarding ac-cess to financing.

The San Diego firm ofCoughlin Stoia Geller Rudman &Robbins filed the suit in the USDistrict Court for the Northern Dis-

Class Action Suit Filed Against GGPtrict of Illinois in the name of E.B.Gorham, a stockholder.

Portions of the complaint saysthat defendants had made unsecuredloans to Robert Michaels, formerpresident and current COO, andformer director and CFO, BernardFreibaum, who is no longer withthe company. Earlier, GGP had saidthat it believed no laws or SECrules had been broken.


way Shoe Warehouse, and Old Navy;parking 3300 cars; developer/leasingCormac Company (Jeff Johnson),16820 Frances St, Ste. 102, Omaha,NE 68130, (402) 680-1000, Email:[email protected].

MARYLANDAnnapolis: Annapolis Towne Centerat Parole (former Parole Plaza) on 33acres at West Rd, Riva Rd and State Rt2 in Anne Arundel County (See SCD,P. I401); $500 million project hasofficially opened with a 170,000 sq. ft.Target, a 17,000 sq. ft. GreatGatherings furniture showroom, andan 8,534 sq. ft. Coldwater Creekwomen's apparel store; center will alsoinclude Whole Foods; population395,349; average household income$20,351; developer/leasing GreenbergGibbons Commercial (Brian Gibbons),10096 Red Run Blvd, Ste. 100, OwingsMills, MD 21117, (410) 559-2500,Email: [email protected] Mills: 72,000 sq. ft. MetroSquare on 9.6 acres at 11120 and 11130Reisterstown Rd; new owners; anchorShoppers Food Warehouse; center alsoincludes Dry Clean Centre and MattressWarehouse; opened ‘99; developer CedarShopping Centers Inc, 44 S Bayles Ave,Port Washington, NY, (516) 767-6492,www.cedarshoppingcenters.com.

NEBRASKAOmaha: 203,250 sq. ft. Plaza NorthShopping Center; new owners; anchorBaker’s Supermarket; owner/leasingPhillips Edison & Company, 300 ELombard St, Ste. 1100, Baltimore, MD21202, (410) 528-0670, www.phillipsedison.com.

PENNSYLVANIAMonroe Twp: $65 million, 717,000sq. ft. Monroe Marketplace powercenter has opened on 125 acres at offRts 11 and 15, just S of Stettler Ave(See SCD, P. I849); tenants includeTarget 127,000 sq. ft., Kohl’s, BestBuy, Dick’s Sporting Goods, Bed Bathand Beyond, and Red Robin; de-veloper/leasing Pennsylvania RealEstate Investment Trust, 200 S BroadSt, Philadelphia, PA 19102-3803,(866) 875-0700, www.preit.com.

TEXASAllen: 1.15 million sq. ft. WattersCreek at Montgomery Farm on 54 acresalong U.S. 75 at Bethany Rd in Collin

County (See SCD, P. J119); 75% ofthis mixed-use development is com-plete with 550,000 sq. ft. of retailopening with 84% occupancy (49stores); anchor Market Street specialtygrocery store; recent openings alsoinclude DSW Shoe Warehouse, ClixPortrait Studios, Sephora, Swoozie's,Toni&Guy, and Potbelly SandwichWorks; 10 more stores including Sweet& Sassy, Modia, and Village BurgerBar to open by year’s end; parking3000 cars; population 82,000; de-veloper/leasing Trademark PropertyCompany (Tom Carter), 301 Com-merce St, Ste. 3635, Fort Worth, TX76102, (817) 810-5308, Email: [email protected].

VIRGINIAFrederickburg: 250,000 sq. ft. TheVillage at Towne Centre has recentlyopened at I-95 and VA Rt. 3 adjacentto Spotsylvania Town Center inSpotsylvania County (See SCD, P.J129); average household income$100,000; developer/leasing TheCafaro Company (Joe Bell), 2445

RETAILERS SEEKING SPACE

(continued)

APPARELAl’s Formal Wear div. of FormalSpecialists Ltd of 7807 Main St,Houston, TX 77030; currently oper-ating 120 men’s formal apparel andtuxedo shops throughout AR, CO, LA,OK, and TX; seeking 900 sq. ft. to1,200 sq. ft. in power centers andregional malls in existing markets andMS. Ellis Rushefsky, (713) 791-1888ext 330, Fax (713) 791-1692, Email:[email protected] Corp dba Cato and It’s Fashionof 8100 Denmark Rd, Charlotte, NC28273-5975; currently operating 1,100Cato stores and 200 It’s Fashion storesin 31 states; Cato offers women’sjunior, misses and plus size apparel, aswell as accessories and footwear; It’sFashion offers trending junior apparel,shoes and accessories for girls andboys; Cato expanding though theMidwestern and southern regions andIt’s Fashion is also expanding; seeking3,000 sq. ft. to 5,000 sq. ft.; stripcenters. Skip Severson, EVP, (704)551-8510, Fax (704) 551-7594, Email:[email protected].

Coldwater Creek, Inc of 1 ColdwaterCreek Dr, Sandpoint, ID 83864-9020;currently operating about 306 stores;for ‘09, company plans to openapproximately 15 stores, down fromthe previous plan to open 40 stores;seeking 5500 sq. ft. Real EstateDirector, (208) 265-7002, Fax (208)265-3276, www.coldwatercreek.com.Henri Bendel div. of Limited Brandsof Three Limited Park way, Columbus,OH 43230; currently operating eightstores; company is testing the reintro-duction of these high-end stores as anational chain and recently opened itssecond store outside NY in Boca Raton,FL; plans to open two more stores inAventura, FL and San Diego, CAbefore year-end and more stores in ‘09and ‘10. James Bersani, EVP, RetailReal Estate, (614) 479-7456, Fax (614)479-7450, Email: [email protected] Jazz of 43 Hall St, 7th Fl,Brooklyn, NY 11205; currentlyoperating over 60 urban clothing andfootwear stores throughout the eastern

Belmont Ave, Youngstown, OH44504-0186, (330) 747-2661, Ext. 771,Email: [email protected]: 157,000 sq. ft. Win-chester Gateway at on Rt 7 in FrederickCounty; (See SCD, P. I311); newowner; anchor Martin’s Food Market76,000 sq. ft.; community shoppingcenter also includes Petco, FashionBug, Sonic, Virginia ABC, Starbucks,Curves, and Quiznos Sub; opened ‘06;owner/leasing JBG Rosenfeld Retail,4445 Willard Ave, Ste. 700, ChevyChase, MD 20815, (301) 657-0700,www.jbgr.comWinchester: 125,000 sq. ft. StonewallPlaza at Rt 522, N Frederick Pick andRt 27 in Frederick County; new owner;89% leased; anchor Martin’s FoodMarket 68,000 sq. ft.; tenants alsoinclude a 10,000 sq. ft. Dollar Tree,McDonald’s, Quiznos Sub, WachoviaBank, and Jackson Hewitt; opened ‘06;developer/leasing JBG RosenfeldRetail, 4445 Willard Ave, Ste. 700,Chevy Chase, MD 20815, (301) 657-0700, www.jbgr.com.


(continued)U.S.; company has entered SC with theopening of four stores; this fall thecompany plans to add three locationsin NC. Real Estate Director, (718) 596-1424, Fax (718) 596-7288, Email:[email protected] Plastinina c/o PBS Real EstateLLC of 230 Park Ave, 18th Fl, NewYork,, NY 10169; currently operatingabout a dozen stores in NY and LosAngeles, CA; initial larger flagshipstores range from 3,100 sq. ft. to 5,600sq. ft. are now open in NY and at leastone small boutique of 800 sq. ft. isopen; plan to open 50 stores in threeyears; seeking 1,400 sq. ft. (212) 672-2000, Fax (212) 672-2020.

DISCOUNTHart Stores of 900 Place Paul-Kane,Laval, PQ H7C 2T2; currently oper-ating 89 units throughout PQ, NB, NS,NF and ON; company recently addednine outlets, eight in PQ and one inON; seeking 30,000 sq. ft. to 45,000sq. ft. primarily in eastern Canada.Michael Hart, (450) 661-4155, Fax(450) 661-6531, Email: [email protected] and SuperTarget of 1000Nicollet Mall, Minneapolis, MN55402; currently operating 1,685 storesnationwide; company will pare downnew store openings in ‘09 to a net 70units vs. 100 units. John D. Griffith,EVP, Property Development, (612)761-1487, Fax (612) 761-3740, Email:[email protected].

DRUG STORESShoppers Drug Mart dba Shoppers,Pharmaprix, and Shoppers HomeHealth Care of 243 Consumers Rd,North York, ON M2J 4W8; 1,080stores Canada-wide; plans to open 50new stores and an additional 50 to 60relocations and/or expansions over thenext five years; seeking 14,000 sq. ft.in enclosed malls, strip plazas andstreetfronts in new or existing markets;smaller format stores such as SimplyPharmacy, average 1,000 sq. ft. andare located in medical buildings. RealEstate Dept., (416) 493-1220, Fax(416) 490-2782, www.shoppersdrugmart.ca.

FOOD, CANDY, ICE CREAMAbuelo’s div. of Food ConceptsInternational Holdings, Inc of 2575S Loop 289, Lubbock, TX 79423-142; currently operating 40 locationsserving made-from-scratch Mexicanfood in a ‘fine-dining’ atmosphere;most recent restaurant opened inKissimmee, FL; seeking 7,500 sq. ft.to 8,100 sq. ft. VP Real Estate, (806)785-8686.Bennigan’s Grill & Tavern of 6500International Pkwy, #1000, Plano, TX75093; company recently acquired byAtalaya Capital Management of NewYork, NY; currently operating 310restaurants, including 40 internationallocations; company plans to re-openup to 60 previously closed company-owned restaurants, and open newfranchisee-owned locations both

domestically and internationally. RealEstate Director, (800) 543-9670, Fax(972) 588-5806, www.bennigansfc.com.Chick-fil-A, Inc of 5200 BuffingtonRd, Atlanta, GA 30349-2998; currentlyoperating 1,400 restaurants in 37 statesand DC; 88 new restaurants in theworks, including 70 stand-alonelocations; seeking 800 sq. ft. in foodcourts and 3,500 sq. ft. for freestandingsites; prefer malls, but also operate inhigh-traffic, freestanding locations insuburban growth markets. Erwin CReid, VP Real Estate, (404) 765-8172,Fax (404) 765-8941, Email: [email protected]’s Inc dba Druxy’s Famous DeliSandwiches of 802 - 1220 Eglinton AveE., Toronto, ON M3C 1H9; currentlyoperating 48 units; planning to add 12new locations per year; seeking 1,200sq. ft.; kiosks require 850 sq. ft.; focus-ing on Greater Toronto, ON, SouthernON, and Calgary, AB. BruceDruxerman, (416) 385-9500, Ext. 9208,Fax (416) 385-9501, www.druxys.com.Hurricane Grill and Wings of Stuart,FL; currently operating 25 unitsthroughout FL and GA; chain servessignature wings with a choice of 35varieties of sauces and rubs, customershave a choice of chicken, angus beef,fresh chicken wings, boneless wings,shrimp, or mahi-mahi; seeking 1,800sq. ft . to 2,200 sq. ft . , www.hurricanewings.com.Mama Fu’s Asian House MurphyAdams Restaurant Group of 512 ERiverside, Ste. 250, Austin, TX 78704;currently operating 13 locations in TX,AR, and FL; plans to add two moreCentral TX locations by mid-‘09 and150 more across the SE U.S. (includingNC and SC, and OK) by ‘13. RealEstate Director, (512) 949-3220, Fax(512) 949-3219.Muscle Maker Grill c/o Great Ameri-can Brokerage (Paul G. W. FetscherCCIM, SCLS) of 100 W Park Ave, Ste.309, Long Beach, NY 11561; currentlyoperating five locations in NJ; seeking1,800 sq. ft. to 2,500 sq. ft in strip cen-ters, food courts, village downtowns,and transporation centers, throughoutNJ, Manhattan, and Staten Island, NY,(516) 889-7200, Fax (516) 889-5113,Email: [email protected] Nova of 2247 Midland Ave,

Gap Opens FirstFactory Units In Canada

Gap Inc has opened its firstBanana Republic and Gap FactoryStores at the Vaughan Mills Mallin Ontario.

The Outlet Division started in’94 and has several hundred unitsin the US, United Kingdom andJapan.

“Bringing our outlet brands toCanada is a perfect next step in ourgrowth strategy,” said Art Peck,president of Gap Inc Outlet.

CVS Opens FirstBeauty 360 Store

CVS Caremark Corp openedits first, upscale Beauty 360 storeMonday, Nov 3, in a new CVS inthe Dupont Circle neighborhood inWashington, DC.

A second unit will open laterthis year in California, with an-other 50 expected to open in 2009across the country as the concept isfurther tested.

The cosmetics stores will sellhigh-end brands with prices rang-ing from $15-$170, but will notcarry mainstream beauty brands.They will also offer ;manicures,facials and other services.


Scarborough, ON M1P 4R1; currentlyoperating 120 locations throughout ONand PQ; plans to open 10 locations peryear; seeking 1,500 sq. ft. in strip malls,freestanding pads, power centres, andstreetfront locations throughout ON.Frank Macri, (416) 439-0051, Fax(416) 299-3558, Email: [email protected] Mango of 15301 Ventura Blvd,Building B, Ste. 470, Sherman Oaks,CA 91403; currently operating 36 unitsserving low-fat, healthy, authenticfrozen-yogurt in major metropolitanareas nationwide; plan to open 30 unitsin ‘09; seeking 700 sq. ft. to 1,200 sq.ft. in lifestyle centers, streetfrontlocations that have high evening foottraffic - entertainment-oriented co-tenants are good; nationwide. DanKim, CEO, (310) 215-4888, Fax (310)461-9454, www.redmangousa.com.Salad Creations of 5100 W CopansRd, Ste. 300, Margate, FL 33063-7700;currently operating a few dozenlocations throughout AZ, CA, CO, FL,IL, SC, MD, VA, NC, MN, TX, MA,NV, MT, NY, and internationally;menu consists of wraps, made-to-ordersalads and soups; avg. lunch check$8.50; plan to open many morelocations throughout the U.S.; seeking1,900 sq. ft. in big regional malls orshopping centers; company is alsoseeking area franchise developers. BobSimpson, VP, Real Estate, (954) 590-2467, Fax (954) 590-2484, Email:[email protected] Cup Ltd of 6303 Airport Rd.,Mississauga, ON L4V 1R8; currentlyoperating 365 cafes Canada-wide;plans continued expansion in ‘09 and‘10; typically seeking up to 1,200 sq.ft. in downtown streetfronts, com-munity shopping centres, and powercentres in urban markets in Toronto,Montreal, Quebec City, Ottawa,Edmonton and the Atlantic Provinces;drive-thru locations preferred. KathyAxmith, (905) 362-1818, Fax (905)405-6615, Email: [email protected] Coffee c/o Hebbert & MorganReal Estate of 481 Trans-Canada Hwy,Duncan, BC V9L 3R7; currentlyoperating 22 gourmet coffee shopsthroughout Vancouver, BC; expectingto expand to 30-40 locations withintwo to three years; seeking 1,500 sq.

ft. to 1,800 sq. ft. Brian Hebbert, (250)746-6621, Toll Free (800) 933-3156,Email: [email protected].

OFFICE SUPPLIESStaples of 500 Staples Dr, Framing-ham, MA 01702; currently operating1802 in North America; plans to open100 stores this year; seeking about24,000 sq. ft. John K. Barton, EVP,Real Estate, (508) 253-8671, Fax (508) 253-8951, Email:[email protected].

SPECIALTYBuild-A-Bear Workshop of 1954Interbelt Business Center, St. Louis,MO 63114; currently operating 400stores worldwide; plan to open 6 newstores in ‘09 vs. 20 new stores in NorthAmerica this year; seeking 2,500 sq.ft. to 3,000 sq. ft. in enclosed malls.Real Estate Director, (888) 560-2327,www.buildabear.com.Coach Inc of 516 W 34th St, 5th Fl,New York, NY 10001; currentlyoperating 282 retail stores and 90factory stores nationwide and inter-nationally; plans to open 46 stores inNorth America, consisting of 40 full-price stores and six outlets, including14 market debuts; seeking 2,500 sq. ft.in high-end malls and Main Streets; intime, North America could support 500retail stores, including "at least" 20 inCanada. Michael Tucci, Presi-dent,North American Retail Division, (212)594-1850, Email: [email protected] Nation c/o Spectrum RealtyCapital Inc of 9525 Queens Blvd, Ste.1001, Rego Park, NY 11374; mall-based tattoo-parlor chain first openedin the Woodbridge Center Mall inWoodbridge, NJ, in ‘06; two newlocations are slated to open early nextyear in NY, in the Staten Island Malland Queens Center Mall; company isin lease negotiations with more than adozen other malls around the U.S.;long-term, goal is to have 400locations. Louis Wachtel, President,(914) 921-8211, Fax (914) 921-4838,Email: [email protected].

SPORTING GOODSAdrenalina of 20855 NE 16th Ave,Ste. # C16, Miami, FL 33179; currentlyoperating two locations in Miami andOrlando, FL; a new store to open in theCherry Creek shopping center in

Denver, CO, by Dec; company is alsobuilding stores in Tampa, FL, andAlpharetta, GA; the retailer of athleticapparel, equipment, and accessoriesalso plans to build stores in Houstonand Plano, TX, and in E Rutherford,NJ; seeking 10,000 sq. ft. to 15,000 sq.ft. Jeffery Geller, (305) 770-4488,Fax (305) 770-4489, Email: [email protected].

SUPERMARKETSSafeway Inc of 5918 Stoneridge MallRd, Pleasanton, CA 94588; currentlyoperating 1,743 units throughout theU.S. and Canada; company is currentlyconverting units to a new ‘lifestyle’format featuring more interior reno-vations and the addition of full-servicemeat counters, bakeries, and floraldesign centers, as well as sushi andolive bars; by year-end, 1,286 storeswill be in the new lifestyle format; forthe year, company expects to openapproximately 20 new lifestyle storesand complete approximately 240remodels. Donald Wright, Sr VP/RealEstate & Engineering, (925) 467-3239,Fax (925) 467-3968, Email: [email protected], Inc dba Albertson’s,Acme Markets, Jewel-Osco, BristolFarms, Shaw’s Supermarkets, andStar Market of 11840 Valley ViewRd, Eden Prairie, MN 55344; currentlyoperating more than 2,500 storesnationwide; $1 billion remodelingprogram includes 155 major storeremodels, and opening 14 to 15traditional supermarkets and 45 to 55limited assortment stores, which focusmore on prepared foods; seeking12,000 sq. ft. to 15,000 sq. ft. infreestanding locations and power andstrip centers. Matthew R. Desmond,Corporate VP Real Estate, (952) 828-4165, Fax (952) 828-4909, Email:[email protected].

VisitSHOPPING CENTER

DIGESTand

THE DIRECTORY OFMAJOR MALLS

at Booth 434, Americas Hall IIat the ICSC New York Dealmaking,

New York, NY, Dec. 8-10, 2008.


CLASSIFIED

(845) 348-7000

FAX (845) 348-7011

or e-mail us at

[email protected] our home page at

www.shoppingcenters.com

For Help Wanted, Positions Wanted, Sites Available, Space Available, BusinessOpportunities, Services, Shopping Centers For Sale, Etc.

Cost: $95.00 per column inch. Discounts for multiple insertions; Box charge $5.00per insertion.

CHECK MUST ACCOMPANY AD

Please insert this ad in the issues

CategorySize Box Number Yes NoCopy

Company

Address

City State Zip

E-Mail

Authorized by Amt. Enclosed $

FOR SALE - ALL ORLANDO, FL AREA

Contact SHOPPING CENTERS ETC. Today!!!Barbara Henkhaus SCSM/SCMD

Lic Real Estate Broker939 Longdale Avenue, Longwood FL 32750

Toll Free: (888) 830-0778 Phone: (407) 830-0778 Fax: (407) 830-0350Email: [email protected]

S Orange Blossom Tr & Floral AveApopka, FL• $790,000

• 3.04 +/- Acres on U.S. Hwy 441• At new Maitland/429 Rds

Apopka, FL, Orange County• Four 1.15 Acre Outparcels for $495,000

3575 N Hwy 17-92Longwood, FL

• Asking $5,075,000• 8.5 +/- AcresUmatilla Plaza, Umatilla FL

• One 1 +/- Acre Corner Parcel Available• $149,000

• Join Sav-A-Lot, Family Dollar, H&R Block,and other local tenants

Foreign & DomesticTwo New Car Dealerships for Sale

• $10M plus land

SERVICES AVAILABLEFlorida broker to lease, manage, buy &selll shopping centers on temporary, part-time, or long term contracts. We handle,with split-second response, 24/7 emer-gencies or quick fix needs on a project-to-project, or hourly fee basis.• Due Diligence • Inspections • TenantRelations • Lease Negotiations • Local

Meetings

SHOPPING CENTERS ETCBarbara Henkhaus SCSM/SCMD

Lic Real Estate Broker939 Longdale Ave, Longwood FL 32750

Toll Free: (888) 830-0778 Phone: (407) 830-0778

Fax: (407) 830-0350Email: [email protected]

Over 30 years experience in all phases ofstrip center and mall development, man-agement, leasing, marketing, etc. ETC ispart of our name for a good reason. Excel-lent references available.

POSITIONS WANTED• Over 30 years experience with leading,

national apparel chain.• Put my expertise to work for you as full-time

or part-time—or out-sourced—leasing/development professional.

• Direct, strong contact and relationships withmajor owner-developers of malls, strips, and

lifestyle centers.• Able to consult or handle successfulnegotiations for lease disposition, rentreductions, modifications, and the like.

• My knowledge can save you money andtime, and facilitate a speedy resolution.

Contact Box 12-1Shopping Center Digest

P.O. Box 837Nyack, NY 10960

"The Locations Newsletter" Box 837, Nyack, NY 10960

NET LEASED PROPERTIESBELOW MARKET DEBT IN PLACE!!!

CVS - DALLAS, TX - 6.75% Cap$6,995,000,

SALES EXCEED $1,000/SQ. FT.RITE AID - VIRGINIA BEACH, VA

$5,100,000,SALES OVER $900/SQ. FT.

7 NNN SUPERMARKETSOhio, Indiana, Alabama

7.25% to 9.00% Cash on Cash

Net Leased Investment Co.407-977-2448, www.netleased.com

Call for additional properties...

INVESTMENT SALE

The Proto Group, LLC203-234-6371

Montville, CTRoute 32 opposite Super Stop& Shop. New CVS to be built.

$5,700,000

1031 Acquisition Req.Immediate closing, retail/retail mixed useproperty,with assumable debt, pricerange $10-$20 MM, single or multi ten-ant.

Thor EquitiesKurt Falk: [email protected]

SF Bay Area Single TenantNew Walgreen Drug Store

High Income AreaAcross from Major Hospital

$6,400,000Battery Commercial

[email protected]

Call (316) 685-5341

Principal-OfferedReal Estate Investment

100% Leased to National TenantsMen's Warehouse & Mattress Firm

$3,650,000 @ 7.99% Cap RateMain Entrance to Lifestyle CenterLocated in greater Memphis, TN

Doers and Dealmakers

U n c o n v e n t i o n a l W i s d o m :

Always Color Outside The LinesAt DLC, we know opportunity is not found within rigid boundaries.

We approach every project with creativity, innovation, foresight and vision tosee 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

96 shopping centers 25 states 16.5 million square feet

2 0 0 8 N E W Y O R K D E A L M A K I N G - R H I N E L A N D E R G A L L E R Y , B O O T H 1 7 6

Shopping Center Digest

Documents

Transcript of Shopping Center Digest