The Dealmakers Issue Number 47 from the week of January 12, 1996.

Specialty Tenants Seeking Sites

E&B Marine operates 62 locations in CT, FL, MD, NJ, PA and VA. The stores, specializing in boating supplies, occupy spaces of 12,000 sq.ft. in freestanding facilities and strip centers. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place in the Eastern and Southern regions.

For more information, contact the Director of Real Estate, E&B Marine, 201 Meadow Road, Edison, NJ 08818; 908-819-7400, Fax 819-4771.

Packaging Store, Inc. trades as Handle With Care Packaging Store at 330 locations throughout North America, Mexico, Columbia and Sri Lanka. The stores, offering packaging and shipping products and services, occupy spaces of 1,500 sq.ft. in strip centers. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide. The company is franchising.

For more information, contact Carl Pimental, Packaging Store, Inc., 5675 DTC Boulevard/ Suite 280, Englewood, CO 80111; 303-741-6626, Fax 741-6653.

SAMPA Corp. trades as Signal Graphics Printing at 46 locations in 16 states nationwide. The stores, offering printing, copying, graphics and desktop publishing services, occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in strip centers. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place nationwide. The company is franchising.

For more information, contact Bob Orban, SAMPA Corp., 6789 South Yosemite Street, Englewood, CO 80112; 303-779-6789, Fax 779-8445.

Wild Bird Centers of America does business as Wild Bird Crossing at 19 locations throughout North America. The stores, offering bird watching and feeding supplies, occupy spaces of 1,000 sq.ft. to 2,000 sq.ft. in power centers. Plans call for 25 openings in the coming 18 months. Expansion will take place throughout North America. The company is franchising.

The company also trades as Wild Bird Center at 81 locations throughout North America. The stores, offering bird watching and feeding supplies, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in power centers. Plans call for 20 openings in the coming 18 months. Expansion will take place throughout North America. The company is franchising.

For more information, contact Howard Margolis, Wild Bird Centers of America, 7687 MacArthur Boulevard, Cabin John, MD 20818; 301-229-9585, Fax 320-6154.

Discovery Stores trades as Discovery Channel Stores at 15 locations nationwide. The stores, selling fossils, geological items and educational videos, occupy spaces of 4,000 sq.ft. in regional malls. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Fred Arnold, Discovery Stores, c/o Fred Arnold Co., 5080 Spectrum Drive/ Suite 700W, Dallas, TX 75248; 214-490-8520, Fax 458-2560.

Buyers & Sellers of Commercial Properties

1st Commercial Realty has the listing to sell Gunning River Mall in Barnegat, NJ. The 35,000 sq.ft. 100% occupied project is anchored by DE Jones, Rite Aid and a community medical center. The asking price is $3.5 million.

For more information, contact Garry Wilson at (609-698-6100), Fax (698-0005).

Midland Group has the listing to sell Arbor Drug Center in Warren, MI. The 32,000 sq.ft. project is anchored by Arbor Drugs and Ming Wah Buffet and has an NOI of $176,260. The asking price is $1.8 million. The company has the listing to sell a Swallens in Florence, KY. The asking price is $4.5 million. The company has the listing to sell 35 acres of land fronting State Route 4 in Butler County, OH. The asking price is $928,990. The company also has the listing to sell .06 acres of land fronting Montgomery Road in Cincinnati, OH. The asking price is $395,000.

For more information, contact David Birdsall at (513-891-2323), Fax (891-2467).

Lamar Companies recently acquired Ashdale Plaza Shopping Center in Dale City, VA. The 100,000 sq.ft. project will undergo extensive exterior and interior renovations next year.

For more information, contact Lamar Companies at (703-497-1116), Fax (497-1117).

CB Commercial Real Estate represented Apple South, Inc. in its purchase of a 1.5 acre outlot at Joliet Commons in Joliet, IL. The company plans to build a 5,000 sq.ft. Applebee's Grill & Bar restaurant.

For more information, contact Carole Borg or Wendall Hollan at (708-706-4925).

Keen Realty Consultants, Inc. has the listing to sell 17 former Prange Way Discount Department Stores in WI and one in MN. The stores range in size from 38,400 sq.ft. to 82,400 sq.ft. and have a minimum of one year remaining on current leases. The company also has the listing to sell 30 former Hastings Group stores (dba Wallachs, Baskins, Root's, J.K. Wilson and others) in CA, FL, GA, IL, KS, LA, MI, MN, MO, NJ, NY, SC, TX and WA. The stores range in size from 5,700 sq.ft. to 38,232 sq.ft. and have a minimum of one year remaining on current leases.

For more information, contact Keen Realty Consultants, Inc. at (516-482-2704), Fax (482-5764).

Mertz Corporation has the listing to sell Grant Plaza Shopping Center in Philadelphia, PA. The shopping center has a GLA of 90,579 sq.ft. of retail space which is expandable by 30,000 sq.ft. A movie theatre, on five acres, is also included at the project. The asking price is $14 million.

For more information, contact Arnold Abrams at (609-234-9600), Fax (234-4957).

Colliers Macaulay Nicolls International has the listing to sell Columbia Square in Kennewick, WA. The 102,794 sq.ft. project is anchored by Best Products, Clothestime and Once Upon A Child. The asking price is $6.05 million. The company also has the listing to sell a freestanding Skippers Restaurant in Kent, WA. The asking price is $495,000.

For more information, contact J. Terry Moss at (206-223-0866).

Chase Properties is in the market to acquire strip centers having GLAs of at least 150,000 sq.ft. nationwide, exclusive of the West Coast. R.E.O. properties are of particular interest.

For more information, contact David Palchesko at (216-464-6626), Fax (464-6346).

Marcus & Millichap has the listing to sell Castle Park Shopping Center in Chula Vista, CA. The 100% occupied project is anchored by a food/drug store. The asking price is $5.5 million.

For more information, contact Peter Valleau at (619-452-8300), Fax (546-8254).

Anthony Realty, Inc. has the listing to sell 3.3 acres of land fronting State Highway 138 in Wall Township, NJ. The permitted uses in this zone include child day care services, restaurants with liquor licenses and physical fitness centers. The asking price is $325,000.

For more information, contact John Herriott at (908-935-1144), Fax (935-1155).

MJB Real Estate Services Corp. brokered the sale of Washington Square in North Haven, CT. The 14,610 sq.ft. project was sold for $585,000. MJB represented both the seller, SKW Real Estate, and the buyer, W&W Properties, LLC.

For more information, contact Daniel Johnson at (203-222-6200), Fax (222-6202).

H. Stephen Kirschner, Inc. represents a client in the market to acquire shopping centers located in Long Island, Rochester and Syracuse, NY. Properties of interest have a minimum GLA of 100,000 sq.ft., are anchored by supermarkets, drug stores or discount stores and have rehab or redevelopment opportunities. The company also represents a client in the market to acquire shopping centers located east of the Mississippi River. Properties of interest have GLAs between 30,000 sq.ft. and 200,000 sq.ft. and are priced between $20 psf and $30 psf.

For more information, contact H. Stephen Kirschner at (516-462-2200), Fax (499-3322).

Federal Realty Investment Trust is selling The Shops at Willow Lawn in Richmond, VA. The 435,000 sq.ft., 92% leased enclosed mall is anchored by Leggett department store. Hannaford Bros. plans to open a supermarket at the project soon.

For more information, contact Federal Realty Investment Trust at (301-652-3360).

Snyder Sheets Stewart & Goseland has the listing to sell a 24,000 sq.ft. Michaels in Wichita, KS. The tenant has a 10-year fixed NN lease. NOI is $145,000. The asking price is $1.45 million and financing is available.

For more information, contact Rod M. Stewart at (316-683-3663), Fax (683-3238).

Moore Warfield & Glick Real Estate has the listing to sell a bayfront restaurant in Ocean City, MD. The 10,000 sq.ft. facility seats 448, has major highway frontage and includes some adjacent land. The asking price is $2.1 million.

For more information, contact Dan Smith at (800-289-2822), Fax (410-524-4507).

Newmark Partners, Inc. has the listing to sell 1.31 acres of land zoned retail in Rockaway, NJ. The improved site has electrical, water and sewer service and is located on Route 46 adjacent to Pizza Hut, Midas Muffler and 7-11. The asking price is $600,000.

For more information, contact Ward Greer at (908-233-1717).

Woodmont Companies is in the market to acquire power centers ranging is size from 10 to 30 acres. The company is also looking for build-to-suit opportunities for retail and office sites.

For more information, contact JC Burciaga at (817-377-7794), Fax (735-4738).

ICSC President Explains Position on Fall Dealmaking Show

(The following letter was written by John Riordan, President of the International Council of Shopping Centers, to Ted Kraus, President of TKO/Real Estate Advisory Group, Inc. and The Dealmakers in response to Ted's November 10, 1995 My Way.)

Ted:

Your point is well-taken. The questionnaire on deal makings could have been more direct, asking for a simple choice: yes or no, keep fall deal making or not. We used the questionnaire so that all opinions could be voiced--not just the up or down vote of a forced choice.

The reactions don't fall heavily into one camp or another although more comments were negative than positive about the Kansas City meeting itself. The reasons could be discussed and debated for hours on end, I suppose. Some feel both kinds of meetings are necessary and insist they want to continue them; others favor one or the other not both, but are about evenly matched as to which they favor. Not an easy call if polls are to be heeded.

The matter of costs is something else again. Most of the exhibit costs come from decisions exhibitors make, not from the basic cost of space. I've always felt that far too much is made of dressing up exhibits. That goes for Las Vegas as well as the fall meeting. That's an opinion and not a new one. It is not shared by a lot of members who quite rightly believe it is up to them to decide.

Yes, certain places do draw more people than others--not always to the meeting, but definitely to the city or resort. Yes, some are structurally less costly than others and remain so. Others, like Las Vegas, start out that way and end up costing more over time. Still, there's no question that the selection of a site determines cost to some extent, including travel to get there.

As soon as the current review is finished, we'll announce plans for 1997 and beyond. The advisory committee has met. It has reviewed the results and raised a number of points to be studied further. For 1996 there will be a fall meeting, in Kansas City. It is not too late for a voluntary agreement to scale things back on exhibit decorations. We'd welcome that if it were to come to pass. It can't simply be imposed as a new rule overnight without support of a strong majority because for some costs would actually go up as they'd need new set ups.

Things do change and fall deal making may. It is still a major program, dwarfed perhaps by Las Vegas and only double the size of several of the regional programs. For the record, here are the net attendance numbers for the past three years. "Net" simply means the number that registered in advance, less those who did not show, plus those who registered on arrival. 1993 (Miami) 3,456; 1994 (Houston) 3,490 and 1995 (Kansas City) 3,551.

Yours Truly,

John Riordan

President, ICSC

Correction

In the October 27, 1995 issue of the Dealmakers, the contact person and address for Thorn Americas was incorrectly listed. The correct information is Vince Watkins, Thorn Americas, Inc., 8200 East Thorn Drive, Wichita, KS 67226; 316-636-7368, Fax 636-7160.

Food Tenants Hungry for Sites Nationwide

Carl Karcher Enterprises, Inc. trades as Carl's Jr. at 668 locations in AZ, CA, NV, OR and Mexico. The fast food restaurants occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding facilities and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in the Western region.

For more information, contact Carl Arena, Carl Karcher Enterprises, Inc., 1200 North Harbor Boulevard, Anaheim, CA 92803; 714-774-5796, Fax 778-7159.

Franchise Development Co., US trades as Big Ed's Hamburgers at eight locations in OK. The fast food restaurants, serving hamburgers, salads and fries, occupy spaces of 2,000 sq.ft. in regional malls and strip centers. Preferred anchors include Kmart and Wal*Mart. Plans call for six openings in the coming 18 months. Expansion will take place in the existing market. The 21-year-old company, which is franchising, typically signs leases running three years.

For more information, contact Conner Helms, Franchise Development Co., US, 3217 Prairie Rose Road, Oklahoma City, OK 73120; 405-720-2889, Fax 720-2889.

Pick Up Stix, Inc. trades as Pick Up Stix at 17 locations in CA and NV. The quick-serve, Chinese restaurants occupy spaces of 1,800 sq.ft. to 2,200 sq.ft. in freestanding facilities and strip centers. Preferred anchors include supermarkets. Growth opportunities are sought in Southern CA.

For more information, contact Mike Zoob, Pick Up Stix, Inc. c/o Grubb & Ellis, 4000 MacArthur Boulevard #1500, Newport Beach, CA 92660; 714-833-2909, Ext. 258, Fax 833-8037.

Wendy's International trades as Wendy's at 4,136 locations worldwide. The fast food restaurants occupy spaces of 3,100 sq.ft. in freestanding facilities and food courts of regional malls. Plans call for 100 openings in the coming 18 months. Expansion will take place nationwide. The company is also looking to open locations in hospitals and amusement parks.

For more information, contact Gail Herron, Wendy's International, PO Box 256, Dublin, OH 43017; 614-764-3099, Fax 764-6737.

Nathan's Famous, Inc. trades as Nathan's Famous at 198 locations nationwide. The fast food restaurants, serving Coney Island hot dogs, hamburgers, fried chicken and seafood, occupy spaces of 600 sq.ft. to 3,000 sq.ft. in freestanding facilities, power centers and regional malls. Plans call for as many as 125 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Carl Paley, Nathan's Famous, Inc., 1400 Old Country Road/ Suite 400, Westbury, NY 11590; 516-338-8500, Fax 338-7220.

Kasapis Brothers, Inc. does business as Ram's Horn Family Restaurants at 26 locations in MI. The restaurants occupy spaces of 4,000 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Gus Kasapis, Kasapis Brothers, Inc., 24225 West Nine Mile Road #214, Southfield, MI 48034; 810-350-3430, Fax 350-1024.

Successful Sub Restaurant, Inc. trades as Premo's Sub at one location in FL. The restaurant, serving submarine sandwiches, occupies a 1,200 sq.ft. space in a strip center. Plans call for 10 openings in the coming 18 months. Expansion will take place in Broward County, Dade County and Palm Beach County in FL.

For more information, contact Scott Pence, Successful Sub Restaurant, Inc., c/o Neal Realty & Investments, 3308 NE 32nd Street, Fort Lauderdale, FL 33308; 305-568-0530, Fax 568-2134.

Bayport Restaurant Group, Inc. does business as The Crab House at 14 locations in FL and GA. The seafood restaurants occupy spaces of 10,000 sq.ft. in freestanding facilities. The company, which will retrofit existing facilities, prefers waterfront properties. Seven leases have been executed for 1996 openings and the company is looking to open six units during 1997. Expansion will take place nationwide.

For more information, contact Steve Marshall, Bayport Restaurant Group, Inc., 4000 Hollywood Boulevard/ Suite 695S, Hollywood, FL 33021; 305-967-6700, Fax 961-8778.

Golden Corral Corp. trades as Golden Corral Family Restaurants at 490 locations nationwide. The restaurants occupy spaces of 6,700 sq.ft. to 11,500 sq.ft. in freestanding facilities, regional malls, power and strip centers. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide. The company typically signs leases running 10 years.

For more information, contact Ronald Marino, Golden Corral Corp., 5151 Glenwood Avenue, Raleigh, NC 27612; 919-781-9310, Fax 881-4654.

Hungry Howie's operates 320 locations nationwide. The pizza and sandwich restaurants occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip centers. Growth opportunities are sought nationwide.

For more information, contact Jeff Rinke, Hungry Howie's, 30300 Stephenson Highway/ Suite 200, Madison Heights, MI 44807; 810-414-3300, Fax 414-3301.

The Taubman Co. does business as A&W Restaurants at 740 locations nationwide. The fast food restaurants, serving hamburgers, hot dogs and chicken sandwiches, occupy spaces of 900 sq.ft. to 1,800 sq.ft. in freestanding facilities and regional malls. Preferred anchors include J.C. Penney and Hudsons. Growth opportunities are sought nationwide. Leases running 10 years are typical.

For more information, contact Bryon Stephens, The Taubman Co., 17197 North Laurel Park Drive, Livonia, MI 48152; 313-462-0029, Fax 462-1017.

The Candy Barrel operates 25 locations nationwide. The candy stores occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in regional malls. Growth opportunities are sought nationwide.

For more information, contact Ken Pierson, The Candy Barrel, 680 Mt. Rose Street, Reno, NV 89509; 702-323-2002, Fax 323-8692.

The Steak Escape trades as Steak Escape at 116 locations nationwide. The fast food restaurants, specializing in Philadelphia-style cheesesteaks, occupy spaces of 600 sq.ft. to 800 sq.ft. in downtown store fronts and regional malls. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Gary Jensen, The Steak Escape, 222 Neilston Street, Columbus, OH 43215; 614-224-0300, Fax 224-6460.

Jimboy Marketing, Inc. does business as Jimboy Tacos at 24 locations in CA and NV. The fast food restaurants, serving Mexican food, occupy spaces of 2,000 sq.ft. in freestanding facilities with drive thrus. Plans call for six openings in the coming 18 months. Expansion will take place in the existing markets. The company is franchising.

For more information, contact George Heath, Jimboy Marketing, Inc., 1485 Response Road/ Suite 110, Sacramento, CA 95815; 916-564-8226, Fax 564-0802.

Ice Cream Churn operates 600 locations in 30 states. The units, serving ice cream and frozen yogurt, occupy spaces of 250 sq.ft. in strip centers and regional malls. The concept is also located as an add-on inside convenience stores. Plans call for 25 openings of conventional stores in strip centers and 50 add-on concept openings in the coming 18 months. Expansion will take place nationwide. The company is franchising.

For more information, contact Dale Parker, Ice Cream Churn, PO Box 1569, Byron, GA 31008; 912-956-5880, Fax 956-1864.

Rosati's Franchise System, Inc. trades as Rosati's Pizza at 65 locations in IL, IN, WI, KS, TX, AZ, NV and CO. The stores, selling pizza and Italian specialities on a take out and delivery basis only, occupy spaces of 1,200 sq.ft. in strip centers. Preferred co-tenants include convenience stores and video stores. Plans call for 17 openings in the coming 18 months. Expansion will take place in IA, MN and OH. The company is franchising.

For more information, contact Martha Washburn, Rosati's Franchise System, Inc., 33 West Higgins Road/ Suite 1010, Barrington, IL 60010; 708-836-0400, Fax 836-0429.

Mergers & Acquisitions

Linda's Flame Roasted Chicken (908-276-2080), which operates four restaurants, recently agreed to acquire the 71-unit chain of Flamers Charburgers, Inc. The purchase price was not disclosed.

South Pointe Enterprises, Inc. (401-942-7876) has entered into an agreement to sell two of its Airborne For Men retail stores to Capital Video Corporation for $670,000 plus the assumption of debt. Capital Video Corporation, which operates 25 retail video and magazine stores throughout New England plans to convert four of its stores to Airborne For Men units. Airborne For Men stores sell upscale, adult-oriented entertainment products as well as men's casual clothing and personal accessories.

Shoney's, Inc. (800-626-5630) has agreed to buy the assets of TPI Restaurants, Inc. and two other TPI subsidiaries in a stock deal valued at $7.5 million. Both companies operate family-style restaurants. The deal is expected to close during April.

Shaw's Supermarkets (508-588-0293) received permission from a US Bankruptcy Court judge to acquire eight New Almacs supermarkets in MA and RI for $15 million. Shaw's plans to close four of the supermarkets and rename the other four Shaw's. After the acquisition, Shaw's will operate 98 units in New England.

Moovies, Inc. (803-322-4155) recently completed its acquisition of Pic-A-Flick Video, a 23-unit chain that operates stores in NC and SC. The company also purchased two video stores from Smash Video in Wilmington, NC. Moovies, Inc. operates 137 video stores in 10 states.

CKE Restaurants, Inc. (714-774-5796) recently entered into an agreement to acquire Summit Family Restaurants, Inc. for $37 million. Summit operates 104 JB's Restaurants, 16 HomeTown Buffets and six Galaxy Diners. CKE, which operates 668 Carl's Jr. restaurants, plans to sell all of the HomeTown Buffet units and an unspecified number of the JB's Restaurant units while expanding the Galaxy Diner concept.

Stop & Shop Companies (617-380-8000) recently completed its acquisition of MelMarkets, Inc., which operates 17 Foodtown Supermarkets on Long Island, NY. In addition to the recently acquired supermarkets, Stop & Shop operates 148 Stop & Shop Supermarkets, 39 Purity Supermarkets and 64 Li'l Peach convenience stores in CT, MA, NY and RI.

Exclusives: Leasing & Management Assignments

Realco Group Asset Management, Ltd. (516-294-7070) has been appointed the management and leasing agent for Melville Shopping Center in Huntington, NY. The 30,000 sq.ft. project has an anchor position available for lease.

Aries Deitch & Endelson (914-949-2800) has been appointed the exclusive leasing agent in the development of a 27 acre retail site in Fishkill, NY.

Anthony Realty, Inc. (908-935-1144) has been appointed exclusive leasing agent for 3.5 acres of vacant land, zoned highway commercial, fronting County Route 526 in Jackson Township, NJ. The owners of the property are interested in a build-to-suit or land lease on all or a portion of the property. A broad range of retail uses are permitted.

Neal Realty & Investments, Inc. (305-568-0530) has been awarded the exclusive marketing contract for North Lauderdale Wal*Mart, a 190,000 sq.ft. shopping center in North Lauderdale, FL.

Store Closings

Charming Shoppes, Inc. (215-245-9100) plans to close 290 underperforming Fashion Bug/Fashion Bug Plus stores nationwide. Approximately 120 stores will close this month, prior to the end of its fiscal year, and the remaining 170 stores will be closed during the first two fiscal quarters.

Walgreen Co. (708-940-2680) plans to close its downtown Colorado Springs, CO drug store next month. The company, which had operated the store for 60 years, closed the unit because it is too small and cannot carry the company's full line of merchandise. A larger Walgreen's in Colorado Springs recently opened.

Sycamore Stores (317-293-0950), a 126-unit chain of women's apparel stores operating in IL, IN, KY, MI and OH, plans to close all of its stores. The company, which recently filed for bankruptcy, has retained Fox Promotions to liquidate the inventory at all of its stores.

McCrory Corp. (717-757-8181) recently received permission from the bankruptcy court to close 118 stores.

Retailers Keeping Up with The Times

Pizza Hut (817-545-3495) and Time Warner Cable have teamed up to make pizza delivery services available through an interactive television service in the Orlando, FL area. Customers can order a pizza through their television sets by using the remote control units.

Taco Bell Corp. (714-863-4904) plans to begin selling make-it-yourself taco kits, bean burrito, nacho meal kits, salsa and queso dips at supermarkets in the Southeastern region as well as in MI and TX. Additional markets will be added during the next few years. The company is attempting to capitalize on the growing trends of the popularity of ethnic foods and the desire among consumers to eat more meals at home.

Circuit City Stores, Inc. (804-527-4000) recently received a new car dealer franchise from Chrysler Corp. which will allow Circuit City to sell some new cars at its CarMax lot in Norcross, GA.

Wal*Mart (501-273-4000) and Central Fidelity Banks, Inc. plan to open full-service bank branches at Wal*Mart Supercenters in Roanoke, Farmville, Winchester, Colonial Heights, Chester, Christianburg and Martinsville, VA. The bank branches will be open extended hours Monday through Saturday and offer a complete line of banking services including loan and investment services.

Kroger Co. (513-762-4000) recently set up a site on the World Wide Web which allows customers in Columbus, OH to shop for groceries. Orders can be placed over the Internet, via fax or called in. The items are then delivered for a small fee. Also available on the Web Site is nutritional information, corporate information and an interactive service area for e-mail. The company plans to extend this service to other areas in the future. The address is http://www.foodcoop.com/kroger/.

Who's Opening and Where...

Crocodile Enterprises, Inc. (818-796-4441) recently opened its first food court location at Westside Pavilion in Los Angeles, CA. The company currently operates 12 units in AZ, CA, NV and WA.

Barnes & Noble, Inc. (212-633-3512) plans to open a 25,000 sq.ft. bookstore in Missoula, MT during the summer.

Darden Restaurants (407-245-4000) plans to open a 6,050 sq.ft. Olive Garden restaurant in Williamsburg, VA during the summer.

Target Stores (612-370-6073) plans to open 13 discount stores in MD and 11 units in VA this year.

Ralphs Grocery Company (310-884-9000) recently opened a 45,000 sq.ft. supermarket at South Coast Marketplace in Los Angeles, CA. The store features expanded produce, deli, grocery and floral departments, a bakery and a mini food court. The store is open 24 hours a day, seven days a week. The company also recently opened a Food 4 Less warehouse-style store in Santa Fe Springs, CA.

McDonald's (708-575-3000) recently opened a kosher restaurant in Jerusalem, Israel. The restaurant is closed on Saturday. Additionally, the company opened its first restaurant in Qatar. Overall, the company plans to open 400 units in the Middle East.

Outback Steakhouse, Inc. (813-282-1225) plans to open a restaurant in Puerto Rico during the middle of this year and a restaurant in Edmonton, Alberta, Canada during the second half of this year. The company is also looking to open units in Mexico, Costa Rica, Japan, Korea and in South America.

OfficeMax (216-295-6411) plans to open 65 CopyMax units, 65 FurnitureMax units and 20 TriMax units this year. Tri-Max units feature an OfficeMax store flanked by FurnitureMax and CopyMax stores. The stores have both separate, front entrances and entrances through each other's stores.

Go Skate Surf & Sport (408-978-2343) recently opened sporting goods stores in Palo Alto and San Jose, CA and is planning to open a unit in Sacramento, CA during March.

E-Z Mart Stores, Inc. (903-832-6502) recently opened two E-Z Mart convenience stores in AR and is planning to open units in TX and LA this year.

Video Tyme, Inc. (702-251-8900) plans to open two video stores in the Las Vegas, NV area this year.

Young's Food Stores, Inc. (803-775-5337) plans to open a convenience store in Bonneau, SC this year.

Tire Warehouse Central, Inc. (603-352-4478) recently opened a Double Discount Auto Parts store in Westford, MA and is planning to open a unit in Biddeford, ME this year.

W.W. Fowler Oil Co. (770-948-9414) plans to open an Econo Flash Food convenience store in Cartersville, GA this year.

Scaff's, Inc. (904-752-7344) plans to open two S&S convenience stores in FL.

Noble Roman's, Inc. (317-634-3377) plans to open seven pizza restaurants before the end of its current fiscal year early this calendar year.

Home Depot (404-433-8211) plans to integrate its CrossRoads Division into the existing Home Depot Store Division and open a unit in Columbia, MO during the Spring. The company decided to integrate the divisions to allow the company to open stores more quickly in rural markets.

Sears, Roebuck and Co. (708-286-2500) plans to open a 98,940 sq.ft. department store and auto center at Union Towne Plaza in New Castle, PA late this year. The company is also looking to open 50 Sears Dealer stores, occupying spaces of 4,000 sq.ft. to 6,000 sq.ft., in rural areas of Canada this year.

Saks Fifth Avenue (212-940-5700) plans to open a 35,000 sq.ft. Off 5th Saks Fifth Avenue Outlet at Grapevine Mills during late next year.

Chick-Fil-A, Inc. (404-765-8010) plans to open a new casual dining concept called Truett's Grill this year. The new chain is named to honor the company founder S. Truett Cathy's 50th anniversary in the business. Chick-Fil-A is also planning to open 90 Chick-Fil-A units this year.

Smart & Final (213-589-1054) recently opened a warehouse grocery store in Los Angeles, CA.

Ace Music Center (305-891-6201), which recently sold a majority stake of the four-unit company to Mark Begelman, former president of Office Depot, is planning to open superstores that will sell musical instruments, electronic music equipment and sheet music.

Sun Television and Appliances (614-492-5608) plans to relocate its Heath, OH store to a 31,000 sq.ft. space near Indian Mound Mall during Summer.

Blimpie International (212-673-5900) and JFM, Inc., operator of 300 Jr. Food Marts, recently opened a joint restaurant/convenience store in Stockholm, Sweden through its franchisee Ax-SAB/Pressbyran. The franchisee plans to open as many as 100 units throughout Scandinavia in the coming years. The unit marks the first international Blimpie restaurant.

Lead Sheet

Lillie Rubin Affiliates, Inc.

dba Lillie Rubin

Stanley Kossoff

15705 N.W. 13th Avenue

Miami, FL 33169

305-624-4200, Fax 624-9496

Apparel

The 71-unit chain operates locations nationwide. The stores, selling better lines of ladies apparel, occupy spaces of 3,000 sq.ft. in regional malls with major anchor tenants. Plans call for three openings in the coming 18 months. Expansion will take place nationwide. The company is seeking spaces running 2,500 sq.ft. to 2,700 sq.ft.

Goodyear Tire & Rubber Co.

dba Goodyear Auto Service Centers

Lucinda Weiss

1144 East Market Street

Akron, OH 44316

216-796-1313, Fax 796-1931

Automotive

The 900-unit chain operates locations nationwide. The automotive service centers occupy spaces of 5,000 sq.ft. with service bays in a variety of real estate settings. Growth opportunities are sought nationwide.

Melville Corp.

dba Linens 'N Things

Dan Mitchell

1 Theall Road

Rye, NY 10580

914-925-4321, Fax 925-4010

Bed & Beth

The 150-unit chain operates locations in the Continental U.S. The stores, selling accessories for the bath and bedroom, occupy spaces of 35,000 sq.ft. to 50,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for 35 openings annually. Expansion will take place in the Continental U.S.

The Village Green Bookstore, Inc.

dba The Village Green Bookstore

Ray Sparks or John Borek

1357 Monroe Avenue

Rochester, NY 14618

716-442-1151, Fax 442-9273

Books

The 12-unit chain operates locations in CT, NY and PA. The bookstores occupy spaces of 10,000 sq.ft. in regional malls. Growth opportunities are sought in GA, TX, the Northeast and West Coast regions.

STS, Inc.

dba John Simmons

Jim Hyatt

36 West Calhoun

Memphis, TN 38103

901-526-5567, Fax 526-5605

Cards/Gifts

The two-unit chain operates locations in TN and VA. The stores, selling cards, gifts, stationary, decorative accessories, china, gifts, repro antiques and jewelry, occupy spaces of 2,500 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the existing markets.

Micro Center

dba Micro Electronics

Nancy Klemstine

1555 West Lane Avenue

Columbus, OH 43221

614-481-5452, Fax 481-4439

Computers

The 11-unit chain operates locations in OH, GA, PA, VA, CA, MA and TX. The stores, selling computers and computer-related accessories, occupy spaces of 40,000 sq.ft. to 50,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in CA, GA, MD, MI, MN, NJ, NY, IL and WA. Preferred demographics include a population of 200,000 within five miles earning $40,000 as the average income.

Acme Retail, Inc.

dba Handy Pantry Food Stores

Pete Overton

PO Box 2359

Gastonia, NC 28053

704-867-2336, Fax 866-7644

Convenience

The 63-unit chain operates locations in NC and SC. The convenience stores occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

Mountain Empire Oil

Warren Broyles

PO Box 5998

Johnson City, TN 37603

615-928-7241, Fax 928-8553

Convenience

The 33-unit chain operates locations in NC, TN and VA. The stores occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding facilities. Plans call for as many as three openings in the coming 18 months. Expansion will take place in TN.

Estee Lauder

dba Origins Natural Resources

Mark O'Berski

767 5th Avenue

New York, NY 10153

212-572-4200

Cosmetics

The 19-unit chain operates locations nationwide. The cosmetics stores occupy spaces of 400 sq.ft. to 1,100 sq.ft. in downtown store fronts, freestanding facilities, regional malls and strip centers. Growth opportunities are sought nationwide.

Hills Department Store Co.

dba Hills Department Stores

Don Orlando

3010 Green Garden Road

Aliquippa, PA 15001

412-378-0511, Fax 378-4250

Department Store

The 164-unit chain operates locations throughout the Northeastern region as well as in NC and VA. The discount department stores occupy spaces of 90,000 sq.ft. in a variety of real estate settings. Plans call for as many as four openings in the coming 18 months. Expansion will take place within the existing markets.

Astrup Drug, Inc.

dba Astrup Drug

Leonard Astrup

PO Box 658

Austin, MN 55912

507-433-7447, Fax 433-1632

Drug Store

The 10-unit chain operates locations in MN. The drug stores occupy spaces of 10,000 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought in the existing market.

One Hour Martinizing Dry Clean

Jerry Laesser

2005 Ross Avenue

Cincinnati, OH 45212

513-351-6211, Fax 731-5513

Dry Cleaners

The 828-unit chain operates locations nationwide. The dry cleaning stores occupy spaces of 1,200 sq.ft. to 2,500 sq.ft. in a variety of real estate settings. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide.

Weekend Furniture, Inc.

dba Furniture Weekend

Larry Kriff

21 West Main Street

Malone, NY 12953

800-562-1606, Fax 518-566-7437

Furniture

The 10-unit chain operates locations in NY and VT. The stores, selling sofas, chairs, bedroom furniture, dining room sets and related accessories, occupy spaces of 8,000 sq.ft. in freestanding facilities and outlet centers. Plans call for six openings in the coming 18 months. Expansion will take place in the existing markets. The stores are only open on Friday, Saturday and Sunday from 10 a.m. to 5 p.m.

County Seat Outlet

dba Old Farmer's Almanac General Store

Mary Yount

17950 Preston Road/ Suite 1000

Dallas, TX 75252

214-248-5100, Fax 248-5181

General Merchandise

The three-unit chain operates locations in IL and TX. The stores, selling housewares, decorative home items, bedding, clothing and stationery, occupy spaces of 4,700 sq.ft. to 5,600 sq.ft. in regional malls. Growth opportunities are sought nationwide as well as in Mexico.

Lighting Factory Outlet

Alfred Shapiro

201 Old Country Road

Carl Place, NY 11514

516-739-0007, Fax 739-0688

Home Decor

The two-unit chain operates locations in NY. The stores, selling lamps, lighting fixtures and shades, occupy spaces of 2,500 sq.ft. in outlet centers. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market.

Ernst Home Centers

dba Ernst Home Center & Nursery

Jim Fox

1511 6th Avenue

Seattle, WA 98101

206-621-3656

Home Improvement

The 95-unit chain operates locations in the Western region. The stores, selling home improvement and nursery items, occupy spaces of 40,000 sq.ft. to 55,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

Schiller Store, Inc.

dba Le Creuset

Lacy Deverose

River Road

PO Box 575

Yemassee, SC 29945-0575

803-589-6211, Fax 589-8106

Housewares

The 17-unit chain operates locations in NJ, NC, SC, FL, GA, AL, LA, TX, CA, OR and MO. The stores, selling housewares and cookware, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in freestanding facilities, outlet and strip centers. Growth opportunities are sought nationwide.

American Tourister

Paul Ouellesse

91 Main Street

Warren, RI 02885

401-245-2100, Fax 247-3201

Luggage

The 130-unit chain operates locations nationwide. The stores, selling luggage and travel-related products, occupy spaces of 2,500 sq.ft. in outlet centers. Growth opportunities are sought nationwide.

Ca$h Plus, Inc.

dba Ca$h Plus

Jerry Todd

3572 Arlington Avenue/ Suite 2-C

Riverside, CA 92506

909-682-2274, Fax 369-6806

Service

The 13-unit chain operates locations in CA and NV. The stores, offering check cashing services, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in strip centers. Growth opportunities are sought in CA and GA. The company is franchising.

Harris Chernin, Inc.

dba Chernin's Shoes/ Chernin's Shoe Outlet

Steve Larrick

1001 South Clinton Street

Chicago, IL 60607

312-922-5900, Fax 922-3673

Shoes

The 13-unit chain operates locations in IL. The stores, selling name-brand family shoes, occupy spaces of 10,000 sq.ft. to 30,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls, outlet and strip centers. Plans call for as many as 10 openings in the coming 18 months. Expansion will take place in the Midwestern region.

Gart Brothers Sporting Goods Co.

dba Gart Brothers Sporting Goods

Tom Nelson

1000 Broadway

Denver, CO 80203

303-861-1122, Fax 839-5168

Sporting Goods

The 65-unit chain operates locations in CO, ID, UT, WY, MT and NM. The stores, selling a full line of sporting goods, occupy spaces of 45,000 sq.ft. in freestanding facilities and strip centers. Plans call for the opening of four units in the coming 18 months. Expansion will take place within the existing markets.

Bruno's, Inc.

dba Bruno's

Neil Fox

800 Lakeshore Parkway

Birmingham, AL 35211

205-940-9472, Fax 940-9619

Supermarket

The 44-unit chain operates locations in AL, FL, GA, MS and TN. The supermarkets occupy spaces of 48,000 sq.ft. to 60,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in GA.

B. Green & Company

dba Cash and Carry

Charles Green

10075 Red Run Boulevard/ Suite 575

Owens Mills, MD 21117-4871

410-363-3444, Ext. 208

Wholesale Club

The five-unit chain operates locations in MD and VA. The stores, selling food and non-food items to convenience stores at wholesale prices, occupy spaces of 20,000 sq.ft. to 150,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

New Construction

CBL & Associates Properties, Inc. recently broke ground on Chester Square Shopping Center in Chester, VA. The 65,000 sq.ft. project will be anchored by a 55,000 sq.ft. Hannaford Bros. Food and Drug Superstore with space for an additional 10,000 sq.ft. of retail tenants.

For more information, contact Bill McCabe, assistant project manager, at CBL & Associates Properties, Inc. at (617-647-3330).

UniBuilt Development Company plans to develop Port of Call in Orlando, FL. Located across the street from Sea World, the 120,000 sq.ft. project will feature specialty shopping, restaurants and entertainment. Outparcels have been sold to Darden Restaurants, Wendy's and Denny's.

For more information, contact Main St. Investments, leasing agents of the project, at (407-332-8131).

Opus Corporation is constructing phase II of Maple Grove Crossing in Maple Grove, MN. The 265,000 sq.ft. fully leased project is anchored by Kohl's, Barnes & Noble, Gander Mountain and Home Place. Phase I opened in September and phase II is expected to open during April. The company recently completed construction of phase I of Tanasbourne Town Center in Hillsboro, OR. The 250,000 sq.ft. project is anchored by Haggen's, Best Products, Hollywood Video, PETCO, Office Depot and Barnes & Noble. An additional 180,000 sq.ft. is currently under construction and is expected to be completed during the summer. The company is also constructing Highland Grove in Highland, IN. The 526,445 sq.ft. project is anchored by Kohl's, Target, Marshall's, Famous Footwear, Circuit City and Fashion Bug. An additional 140,000 sq.ft. is available for lease. The project is expected to open during Spring.

For more information, contact Jay Scott (Maple Grove Crossing) at (612-936-4537); Doug Klappenbach (Tanasbourne Town Center) at (206-453-4100) or Gary Pachucki (Highland Grove) at (708-318-1606).

Forest City Development Properties is currently constructing Ballston Common in Arlington, VA. The 1.286 million sq.ft. project will be anchored by Hecht's, J.C. Penney and a movie theater. Also at the site will be an office building and a parking garage. Space is available for one additional anchor tenant. The project is expected to be completed during Fall. The company is currently developing Galleria at Sunset in Henderson, NV. The 1.2 million sq.ft. project is anchored by Dillard's, Robinson-May, J.C. Penney and Mervyn's. Space is available for two additional anchor tenants. The site is expected to open during Spring. The company is currently developing The Marketplace at Riverpark in Fresno, CA. The 850,000 sq.ft. project is anchored by Best Buy, Linens 'N Things, Macy's Furniture, Marshall's, Old Navy Clothing, Sportmart and Target. The site is expected to open during Spring. The company is currently developing The Courtyard in Flint, MI. The 400,000 sq.ft. project is anchored by VG Food Center, Home Depot and OfficeMax. A Spring opening is planned. The company is currently constructing The Galleria at South Bay in Redondo Beach, CA. The 902,600 sq.ft. project is anchored by Nordstrom, Robinson-May, Mervyn's and a movie theater. The site is expected to open during the Fall. The company is planning to develop Broadstone Mall in Folsom, CA. The 1.1 million sq.ft. project will be anchored by six department stores and is expected to open during Fall 1997. A five-department store anchored, 786,000 sq.ft. project, called Imperial Valley Mall, is planned to open during Spring 1998 in El Centro, CA. Other projects the company is planning to develop include Robinson Town Centre in Pittsburgh, PA. The one million sq.ft. project will be anchored by J.C. Penney, Kaufmann's, Sears and one additional anchor tenant; and Old Spanish Trail Mall in Tucson, AZ which will have a GLA of one million sq.ft. and be anchored by five department stores. Opening dates for these two projects have not been set.

For more information, contact Forest City Development Properties at (216-267-1200).

Donahue Schriber recently completed Santa Rosa Marketplace in Santa Rosa, CA. The 531,000 sq.ft. project is anchored by Costco, Target, Sportmart, Marshall's, Office Depot, Old Navy Clothing, Super Crown, Beverages & More and Blockbuster Music. The company is planning to develop Brea Union Plaza in Brea, CA. The 415,000 sq.ft. project will be anchored by Wal*Mart. Opening is planned during late Summer. The company is planning to develop Murrieta Springs Mall in Murrieta, CA. The 800,000 sq.ft. project will be anchored by Sears, J.C. Penney and Robinson-May. Opening is planned for Fall 1997. The company is planning to develop North Natomas Power Center in Sacramento, CA. The 560,000 sq.ft. is expected to open during Spring 1997. The company is also planning to develop Peccole Ranch Town Center in Las Vegas, NV. The 1.1 million sq.ft. project has a Fall 1997 projected opening.

For more information, contact Donahue Schriber at (714-854-2100).

Space Place

Connecticut

Branford- Branhaven Plaza is anchored by Caldor, Waldbaum's CVS, The Gap and Radio Shack. The 186,000 sq.ft. project has a 6,256 sq.ft. space available for lease. Demographics include a five-mile population of 95,187 earning $48,122 as the average household income. In Wallingford- Wallingford Plaza is anchored by Kmart, Edward's Supermarket and Rite-Aid Drugs. The 151,675 sq.ft. project has spaces of 4,200 sq.ft. and a former Kmart space of 70,010 sq.ft. available for lease. Demographics include a five-mile population of 108,168 earning $51,352 as the average family income.

For details, contact Allen Pilevsky (Branhaven Plaza) at (718-444-8360) or Brian Boker (Wallingford Plaza), both of Philips International, at (212-951-3848).

Orange- In-line space and outlot space is available for lease in a center anchored by Kmart and Marshalls.

For details, contact Eastland Properties at (617-444-7900).

Florida

Naples- Naples Shopping Center is anchored by Publix, Marshalls, Linens 'N Things and Office Depot. The project has a 19,720 sq.ft. space available for lease. The site is located at the intersection of Rt. 41 and Golden Gate Parkway, across from Coastland Mall.

For details, contact Anthony L. Sales of Net Properties Management, Inc. at (305-946-0004), Fax (946-0227).

Orlando- Orange Blossom Center is anchored by Food Lion, Walgreens, Family Dollar and Subway. The 205,000 sq.ft. project has spaces from 1,000 sq.ft. to 20,000 sq.ft. available for lease. The site fronts Orange Blossom Trail and Holden Avenue.

For details, contact Todd Okum of Portland Investment Co. of America at (310-441-8411), Fax (475-9112).

Massachusetts

Auburn- Space is available for lease at a 35,000 sq.ft. shopping center being constructed on Route 12. The site is located across from Auburn Plaza which is anchored by TJ Maxx.

For details, contact Gerald Cohen of SF Properties, Inc. at (617-277-0400, Ext. 112), Fax (277-7015).

New Jersey

Barnegat- Spaces from 1,000 sq.ft. to 3,000 sq.ft. are available for lease at A&P Plaza. In Ocean Grove- North End Pavilion is anchored by D.E. Jones. Spaces from 1,000 sq.ft. to 10,000 sq.ft. are available for lease.

For details, contact Garry Wilson of 1st Realty at (609-698-6100), Fax (698-0005).

New York

Massapequa- Sears Shopping Center is anchored by Sears, Service Merchandise, Toys 'R Us, Waldbaums and Staples. The 431,121 sq.ft. project has spaces of 895 sq.ft., 1,186 sq.ft., 1,258 sq.ft., 1,568 sq.ft., 1,772 sq.ft. and 4,136 sq.ft. available for lease. Demographics include a five-mile population of 312,389 earning $59,595 as the average family income. In Merrick- Merrick Commons is anchored by Waldbaum's, Annie Sez and GNC. The 108,725 sq.ft. project has spaces of 358 sq.ft., 522 sq.ft., 2,007 sq.ft., 2,680 sq.ft. and 9,842 sq.ft. available for lease. In Riverhead- Riverhead Plaza is anchored by Caldor, King Kullen and Fashion Bug. The 210,195 sq.ft. project has a 7,400 sq.ft. space available for lease. Demographics include a five-mile population of 24,355 earning $38,814 as the average family income. In Shirley- William Floyd Plaza Shopping Center is anchored by King Kullen Supermarket, Genovese Drugs, McCrory, Fashion Bug and Radio Shack. The 135,733 sq.ft. project has spaces of 1,250 sq.ft., 1,500 sq.ft., 2,000 sq.ft., 2,300 sq.ft., 3,000 sq.ft. and 5,599 sq.ft. available for lease.

For details, contact Brian Boker or Andrew Aberham of Philips International at (212-951-3848).

Ohio

Dayton- Drug Emporium Plaza is anchored by Drug Emporium and Blockbuster Video. The project has spaces of 2,800 sq.ft., 3,200 sq.ft. and 6,000 sq.ft. available for lease. The site fronts Route 741 and Alex Bell.

For details, contact David Birdsall of Midland Group at (513-891-2323), Fax (891-2467).

Toledo- The Marketplace at Miracle Mile is anchored by Cub Supermarket. The 167,700 sq.ft. project has spaces of 8,000 sq.ft. and 36,950 sq.ft. available for lease. Space is also available for one outlot and build-to-suit anchor tenants. The site fronts Jackman and Laskey Roads which generate a combined daily traffic count of 42,500 cars. Demographics include a five-mile population of 217,543 earning $40,757 as the average income.

For details, contact Stephen Serchuk of Zyndorf/Serchuk, Inc. at (419-249-7070), Fax (255-2439).

Pennsylvania

Belle Vernon- Gabriel's Plaza has been expanded to 68,132 sq.ft. Spaces of 1,350 sq.ft. and 1,937 sq.ft. are available for lease. In Washington- Jefferson Court Plaza is anchored by Revco, Shop 'N Save and Sherwin Williams. The 146,288 sq.ft. project has a 25,853 sq.ft. space available for lease. In York- Greenspring Plaza is anchored by Gabriel Brothers, Big Lots and Weis Markets. The 175,192 sq.ft. project has spaces of 1,000 sq.ft. to 4,000 sq.ft. available for lease.

For details, contact Jack Bell or Shawn Fortney of Petroplus and Associates at (800-599-3001), Fax (304-598-3305).

Tennessee

Clarksville- Two Rivers Mall is anchored by U.S. Factory Outlets. The 220,939 sq.ft. project has a 119,090 sq.ft. anchor position available for lease. Demographics include a trade area population of 129,265 earning $31,586 as the average household income.

For details, contact First Union Management, Inc. at (216-781-4030).

Virginia

Colonial Heights- A 60,000 sq.ft. freestanding building is available for lease. The project is located in front of Southpark Mall. In Richmond- A 45,000 sq.ft. former SportsTown store is available for lease. PetsMart is a co-anchor.

For details, contact Brett Womack of Divaris Real Estate at (804-643-4700), Fax (643-4770).

Dale City- Mapledale Plaza is anchored by Giant Food. The 162,000 sq.ft. project has 85,000 sq.ft. available for lease with spaces ranging from 900 sq.ft. to 4,300 sq.ft. Demographics include a five-mile population of 124,000 earning $62,000 as the average household income.

For details, contact Joanne Jones of Interstate Investment, Inc. at (703-590-1111), Fax (590-2225).

Manassas- The 800,000 sq.ft. Manassas Mall has spaces available for lease. The project, which has four anchors, will be expanded to six anchors.

For details, contact Victor Ambrosio of Vornado Realty Trust at (201-587-1000), Fax (587-0600).

West Virginia

Teays Valley- Liberty Square Shopping Center is anchored by Big Bear Grocery and Hills Department Store. The 250,000 sq.ft. project has space available for lease. The site fronts I-64 and State Route 34 which has a combined daily traffic count of 70,000 cars. Demographics include a trade area population of 91,000 earning $42,000 as the average household income.

For details, contact T.J. Summers of Four-S Development at (304-345-8700).

Financial News

CKE Restaurants, Inc. (714-774-5796) reported that its third quarter revenues increased to $113.1 million, a nine percent increase over last year's results of $103.8 million. Net income increased 956% to $3 million from $286,000 last year and comparable store sales increased nine percent. The company currently operates and franchises 668 restaurants trading as Carl's Jr. in AZ, CA, NV, OR and Mexico.

Rhodes, Inc. (404-264-4600) reported that its third quarter net sales increased 16.6% to $111.7 million compared to $95.8 million last year. Comparable store sales increased 1.4% for the quarter. The company currently operates 104 furniture stores in 14 states.

50-Off Stores, Inc. (210-805-9300) reported that its third quarter net sales fell to $37.6 million from $45.7 million during the same quarter last year. The company also reported a net loss of $1.145 million compared to a net loss of $636,112 last year. Comparable store sales fell 12.8%. The company currently operates 102 off-price stores in 11 states.

Fretter, Inc. (810-220-5000) announced that Dixons U.S. Holdings and the subsidiaries of Dixons including Silo, Inc. have filed Chapter 11 bankruptcy. Fretter, Inc. and its subsidiary Fred Schmid Appliance and T.V. Co. are not parties to the bankruptcy and have not filed for bankruptcy protection. Silo, Inc. recently closed all of its retail stores and the company currently operates 50 consumer electronic stores under the names Fretter and Fred Schmid Appliance and TV Co.

PETCO Animal Supplies, Inc. (619-453-7845) reported that its third quarter net earnings increased to $2.3 million from $0.8 million during the same period last year. Third quarter net sales increased 37% to $64.4 million compared to $47.1 million last year. Comparable store sales increased 15% during the quarter. The company currently operates 256 pet food and supply stores in 15 states.

Bradlees, Inc. (617-380-5863), which is operating under Chapter 11, reported that its third quarter total sales were $418.7 million compared to $465.7 million during the same period last year. A net loss of $38.6 million was reported, compared to a net loss of $1.3 million last year. Comparable store sales fell 17.2%. The company, which currently operates 136 discount department stores in ME, NH, MA, CT, MY, NJ, PA, RI and VA, is planning to open two stores in MA and one in RI during March.

TCBY Enterprises, Inc. (501-688-8229) is planning a reorganization that would include the franchising of most of its 85 company-owned stores, the sale of its manufacturing company and the repurchase of up to three million shares of common stock. The company currently operates and franchises 2,700 units worldwide.

Clothestime, Inc. (714-779-5881), a 537-unit chain of women's apparel stores, recently filed for Chapter 11 bankruptcy protection and announced that it plans to close as many as 140 of its unprofitable and underperforming stores.

Sears, Roebuck and Co. (708-286-2500) announced that its has divided its automotive group into two divisions. The tire division will encompass the 1,042 stores of Sears Auto Centers, Tire America and National Tire Warehouse units and the auto parts division will encompass the 1,480 Western Auto and Parts America Stores. The move is designed to strengthen and expand the company's businesses.

AutoZone, Inc. (901-325-4600) reported that net income during its first fiscal quarter increased 26% to $34.8 million from $27.6 million during the same quarter last year. Sales increased 19% to $463 million from $389.8 million and comparable store sales increased five percent. During the quarter, the company opened 50 stores and plans to open as many as 200 additional units during its remaining fiscal year. The company currently operates 1,193 auto parts stores in 26 states.

Ground Round Restaurants, Inc. (617-380-3121) reported a fiscal 1995, ended October 1, net loss of $5.71 million compared to net income of $6.246 million during FY94. Revenue for the year fell to $230.4 million from $243.9 million last year and comparable restaurant sales fell 5.3%. The company currently operates and franchises 194 restaurants in the Northeast, Mid-Atlantic and Midwestern regions.

Rothschild Realty, Inc. (212-403-3500) announced that its has terminated the agreements under which Factory Stores of America would have acquired the factory outlet centers owned by The Public Employees Retirement System of Ohio and the management and business operations of the Charter Oak Group, Ltd., a subsidiary of Rothschild.

Edison Brothers Stores, Inc. (314-331-6000) reported a third quarter net loss of $83.2 million compared to earnings of $0.6 million during the same period last year. Sales fell 9.6% to $319.8 million from $353.6 million last year and overall comparable store sales fell 5.9%. The company, which is operating under Chapter 11, has already closed 155 stores and is planning to close an additional 473 stores by the end of this month. In addition, the company is looking to sell its mall entertainment division. The company's units trade as JW/Jean's West, Coda, Oaktree, J. Riggins, Zeidler & Zeidler/Webster, Repp Ltd., 5-7-9 Shops, Bakers, Leeds, Precis, Wild Pair, Time-Out/Space Port and Exhilarama. The company also publishes Phoenix men's big and tall catalog.

Shopko Stores, Inc. (414-497-2211) reported that its third quarter sales increased 4.3% to $491 million compared to $470.9 million during the same period last year. Net earnings fell to $10.1 million from $11.3 million last year and comparable store sales fell 1.5%. The company operates 129 stores in 15 states.

Crown Books Corporation (301-731-1200) reported a third quarter net loss of $670,000 compared to a net loss of $25 million during the same period last year. Total sales fell 11.9% from last year's results to $60.25 million. Super Crown Books sales were up 6.6% to $40.331 million despite a comparable store sales decrease of 1.9% and Classic Crown Books sales fell 34.8% to $19.919 million with comparable store sales down 6.7%. Total comparable store sales declined 3.7%. The company attributed the decreases primarily to the closing of 67 stores since the beginning of the year. Currently, the company operates 84 Super Crown Books units and 94 Classic Crown Books stores in CA, IL, TX, WA and the Washington, D.C. area.

Drug Emporium, Inc. (614-548-7080) reported net income of $347,000 for its third quarter compared to a net loss of $7.892 million during the same period last year. Third quarter net sales fell to $171 million from $176.3 million last year. The company currently operates and franchises 234 stores, including 23 units trading as F&M Drug.

Real Estate Professionals Making News

Julien J. Studley, Inc. (212-326-1000) announces the following promotions: Wayne LaGary to Senior Managing Director; David J. Goldstein to Managing Director; Brian Feist to Managing Director; Steven A. Solomon to Managing Director; Timothy B. Monahan to Managing Director; David Roots to Managing Director; Kevin E. Mullin to Associate Director; John Mambrino to Associate Managing Director; Michael Clark to Associate Director; Peter Capuciati to Assistant Director and Guy Schneider to Associate Director. The company also announces that Allan S. Brisk has joined the Midtown New York office as senior managing director.

Charter Oaks Partners (703-905-4400) was recently awarded the International Council of Shopping Center's Maxi Award for excellence in shopping center marketing for a marketing campaign for Ocean Outlets in Rehoboth Beach, DE.

CB Commercial Real Estate (312-861-7819) announces that Steve Rogin has joined the company as a sales associate specializing in retail leasing.

United Commercial Realty (214-526-6262) announces the promotion of Jeff Johnston to Senior Vice President of the company. Johnston specializes in retail land sales, shopping center investments and retail project leasing.

Grubb & Ellis (703-883-8013) announces that John A. Asadoorian has joined the Metropolitan Washington, D.C. office as Director of Retail Services. The company also announced that Allan Schuster has joined as President, Chief Executive Officer and member of the Board of Directors. Neil Young was promoted to the newly created position of President of the Commercial Brokerage Operations.

Summit Realty Leasing and Management Corporation (407-368-2043) announces the appointment of Steve Ruff as sales associate.

Kranzco Realty Trust (610-941-9292) announces the promotion of Bengt Danielsson to director of operations. He will be responsible for the supervision of the management of the company's 38 shopping centers.

Brown Harris Stevens (212-697-8800) announces that Marianne Thorsen has joined the company as Director in the Commercial Services division. She will be responsible for retail and restaurant leasing.

Hicks & Rotner Associates, Inc. (301-823-4250) announces the promotion of David C. Malin to Vice President. Mr. Malin is responsible for all site selection, lease negotiations and tenant relations activities for regional and national retailers as well as handling leasing efforts for several shopping centers.