The Dealmakers Issue Number 16 for the week of May 1, 1996.

 

 

My Way by Ted Kraus

 

It's DealMaking time again and 15,000 of our closest friends will gather to look for a job, wheel, deal and pray this is the year they make that really big "hit" in Vegas.  All I can say is good luck to everyone, both at the tables and booths.  This has to be one of the most confusing times in the 25 years I've been in the business.  Retailers are having a tougher time than ever when it comes to profitability and sales, yet their occupancy costs continue to escalate to levels they never believed possible.  Who would have thought a 100,000 sq.ft. user would or could afford to pay $15-$22 psf net in rent.

 

Competition between retailers is becoming keener and meaner and while bankruptcy is eliminating some competition, new big box users are popping up at every corner to replace those retailers that failed.  I'm writing this at the beginning of April and I'm  willing to bet there will be several major bankruptcies between now and the start of the convention just 30 days away.  Yet with all the high rents being obtained, developers/owners seem to be struggling also (at least we're in it together).

 

The only "hot spot" appears to be "minority" areas, retailers seem to have discovered the black and Spanish market and are running over themselves to make a deal, especially apparel tenants.

 

Unfortunately, another "record" being set is the number of real estate people either "on the street" or about to be.  This predicament, I feel, will get worse, not better, in the near future.  A day doesn't go by that I don't get a least one call, sometimes five, asking if I knew of any companies looking to hire.  What I find "interesting" is often the people calling are the "corporate" types who always told me how "lucky" I was to make the big bucks as a broker (Ann must have a boyfriend on the side and is spending all the money on him), while they were "limited" in their income potential because of their job.  I usually offer them an opportunity to work with us as a salesperson and make their fortune.  They then want to know what we're paying.  I explain "commission only" and I'm immediately told they need at least $100,000 plus car plus expenses plus whatever.  I explain that if they're as good as they claim, they can make a lot more than the $100,000.  That's when the conversation usually ends.  In the near future, many of them won't have a choice, either they have to shoot craps at being a broker or get into another field.  Yes, it can be tough for a 50 year old, overweight male to get a job, and having two kids in college doesn't help, but no one ever said life was fair or easy.

 

What really scares me is on a recent trip, I came across, within a mile of one another, a closed Sam's, Home Depot, Media Play and PetsMart and I think this is going to become a major trend for the immediate future.  Of course for every vacancy, there's a young Les Wexler or Sam Walton with a great idea for a new retail concept, the problem is finding 'em.  A friend of mine came up with an idea he's about to try.  He's leasing 20 "big box" spaces of 50,000-100,000 sq. ft.  The properties, to say the least, are not desirable and he's contacted everyone he can think of, done mass mailings, broadcast fax, exhibited at the ICSC's shows, advertised in trade and local publications and prayed.  None have worked, so he's (we'll probably share a booth with him, for $1200, I'll shoot craps) going to exhibit at the National Association of Industrial Parks, NACORE and The Realtors Association convention, hoping to find an alternative use.  The properties don't make sense to remain retail, but hopefully there's still a use left for 'em.  His clients can't say he isn't trying.  Alternate use should be playing a major role in our industry's future.  Just between Wal*Mart and Kmart there must be at least 20 to 35 million sq.ft. of "retail" vacancies that no one wants (most have been on the market so long that many brokers don't want to work on 'em without a retainer).  If you can't lease it as retail, then industrial, self storage or anything else starts to look good.  I'll let you know what the outcome is.

 

The news about DeBartolo and Simon merging is old by now, but I still feel a need to comment.  In the long run, it won't work or at least it won't work to the extent DeBartolo  and Simon thought it would initially.  Neither company has been doing that well lately and combined they won't do any better.  Besides the mall business being off in general, these two giants have been struggling to survive in these hectic times (but we won't have to take up a collection for Simon or DeBartolo family in the near future).

 

Both companies lack the entrepreneurial spirit that the original founders brought to the industry.  One thing the government has shown, big is not better, in fact in most cases, bigger is worse.  Both companies seem to lack direction lately and further complicating matters was/is that both companies are public, which limits their ability to wheel and deal, which is what made this industry work from the start.  "In the beginning" nothing was done by the book when centers were first being developed, now it appears everything has to be done that way and that's one of the major reasons most malls are boring and not as productive as they could be.  When you require three levels of management to approve a "deal" something gets lost, usually the deal.

 

I think, within the next 18 months, weaker projects of this combined dinosaur will be sold off to more entrepreneurial groups that will be better positioned to turnaround a problem mall.

 

A friend of mine, David Hinkle of Book Market and I were discussing this merger and David made one statement I agree with 100%; the "new" company should hire a new CEO who is a retailer by trade, not a developer.  No matter what they say, the new company's future will not be in developing malls but rehabbing and re-merchandising what they have.  Therefore, they are not a development company any more, that's their side business, with retailing being their primary business.  Yes, money to rehab and expand will come easier, but large organizations seem to be more excited about putting in a skylight than attracting a unique, smaller  retailer who can't pay top rent.  Better to put in a tenant at $22 psf that is in every other mall in North America than make a deal at $15 for someone unique and that will differentiate your center from the next is the current thinking.  Today, the phrase "tenant mix" means finding a tenant that you can toss into your center, not necessarily blend or compliment.

 

If they could attract a strong retailer to run the company (they have enough money, so that shouldn't be a factor), one with a "flair' for merchandising and understanding when and how to promote or the use of "loss leaders," then some of their centers which are now marginal can be turned around.

 

I'm not being anti- DeBartolo or Simon, both are fine companies who try hard, but so did Jimmy Carter, success just seems to elude them often.  This a predicament that is confronting not just Simon and DeBartolo, but all these mega mergers.  The problem is that mall development has a limited future, so all these REITs have the dilemma of "what can they do to prove to the stock market that they have social redeeming value and their stock should go higher?"  Some have tried developing in other countries but that didn't work out well; some are going into developing the "Mega Off Price Malls," but that has a limited growth potential; some think that entertainment centers are the future (they are not), but acquisition still keeps coming up as the number one way to grow (unfortunately, usually fatter, not better as the concept is meant to be).

 

Before I forget, if you're into acquisitions, sale or financing of commercial real estate, drop by our booth at 612 Sixth Avenue and pick up a copy of Real Estate Investors Classified, our bi-monthly publication which lists commercial real estate for sale, nationwide, the acquisition requirements of buyers, and financing needs/sources.  You can even start a free trial subscription to it.  Oh, don't forget, if you "surf the net," visit our Home Page at  http://www.dealmakers.net.  You can now list  for free, your commercial property for lease or sale.  The price is right and it's accessible by the entire world, so what do you have to lose?  I don't know if this show will have a record attendance, but turnout will be good so don't let this opportunity pass you by.

 

 

Apparel Retailers Seeking Locations Nationwide

 

Sparko Fashion Stores, Inc. trades as Sparko Fashion at 43 locations in AL, AR, GA, KY, LA, MO, MS and TN.  The stores, selling women's apparel and accessories at off-price points, occupy spaces of 3,000 sq.ft. in regional malls, power and strip centers.  Plans call for five openings in the coming 18 months.  Expansion will take place within the existing markets.

  For more information, contact Edward Tucker, Sparko Fashion Stores, Inc., PO Box 490, Belmont, MS 38827; 601-454-9371, Fax 454-9732.

 

Bert's Men & Boys operates 10 locations in AR and TN.  The stores, selling men and boys apparel, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in regional malls and strip centers.  Plans call for two openings in the coming 18 months.  Expansion will take place in the Southern region.

  For more information, contact Larry Wolf, Bert's Men & Boys, 99 South Main Street, Memphis, TN 38103; 901-527-9542, Fax 527-6402.

 

Kenar Ltd. trades as Nicole Matthews at six locations in NJ and NY.  The stores, selling better lines of ladies sportswear, occupy spaces of 2,000 sq.ft. in outlet, power and specialty centers.  Growth opportunities are sought in the existing markets.

  For more information, contact Wendy Matar or Paul Cote, Kenar Ltd., 380 Route 46 East, Totowa, NJ 07512; 201-256-2156, Fax 256-7077.

 

United Fashions of Texas Ltd. trades as Melrose at 42 locations in TX.  The women's and children's apparel stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in power and strip centers.  Plans call for five openings in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Reuben Bar Yadin, United Fashions of Texas Ltd., 4629 Macro Road, San Antonio, TX 78218; 210-662-7140.

 

Maurice Corp. trades as Maurice The Pants Man at nine locations in MA.  The stores, selling brandname men's pants and jeans at moderate price-points, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in freestanding facilities and strip centers.  Preferred anchors include Home Depot, OfficeMax, Marshalls and Caldor.  Growth opportunities are sought in the existing market.

  For more information, contact Ria McNamara, c/o The Bayliss Company, Inc., 1000 Boston Turnpike, Shrewsbury, MA 01545; 508-845-5000, ext. 303, Fax 842-6100.

 

Ross Stores, Inc. trades as Ross Dress For Less at 292 locations in CA, OR, WA, NM, AZ, NV, FL, TX, ID, GA, PA, MD, VA, CO, HI, NJ and OK.  The apparel stores occupy spaces of 28,300 sq.ft. in downtown store fronts, regional malls, power and strip centers.  Plans call for as many as 15 openings in the coming 18 months.  Expansion will take place in the existing markets as well as VT.

  For more information, contact Gregg McGillis, Ross Stores, Inc., 8333 Central Avenue, Newark, CA 94560; 510-505-4764, Fax 505-4174.

 

Young America, Inc. trades as American Man and Zips at seven locations in IA, ND and SD.  The stores, selling apparel for men in the 16 to 30 year-old age bracket, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in regional malls.  Plans call for five openings in the coming 18 months.  Expansion will take place in MN and WI.

  For more information, contact Craig Fink, Young America, Inc., PO Box 2068, Minot, ND 58702; 701-852-6500, Fax 852-5311.

 

The Cato Corp. trades as Cato Fashion and Cato Plus at 557 locations in AL, AR, DE, MD, NC, TN, VA, WV, LA, MS, OK, TX, GA, SC, IN, KS and OH.  The stores, selling women's, junior, missy and large size apparel, occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in power, specialty and strip centers.  Preferred anchors include Kmart, Wal*Mart and supermarkets.  Plans call for as many as 25 openings in the coming 18 months.  Expansion will take place in AL, AR, DE, FL, GA, IN, KS, KY, LA, MD, MO, MS, NC, OH, OK, SC, TN, TX, VA and WV.

  The Cato Corp. also trades as It's Fashion at 126 locations in AL, AR, FL, GA, LA, MS, NC, SC, TN and VA.  The stores, selling first quality, in-season, fashion apparel and accessories for the family at low price points, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in strip centers.  Plans call for as many as 25 openings in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Gordon Smith, The Cato Corp., 8100 Denmark Road, Charlotte, NC 28273-5975; 704-554-8510, Fax 551-7594.

 

Luskey's Western Stores, Inc. operates 10 locations in TX.  The stores, selling Western wear for men and women, occupy spaces of 9,000 sq.ft. in freestanding facilities and strip centers.  Plans call for as many as two openings in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Butch Luskey, Luskey's Western Stores, Inc., 101 North Houston Street, Fort Worth, TX 76102; 817-335-5833, Fax 332-7206.

 

Victory Systems, Inc. trades as T-Shirts Plus at 100 locations nationwide.  The stores, selling imprintable sportswear, occupy spaces of 800 sq.ft. to 2,500 sq.ft. in regional malls, outlet and power centers.  Growth opportunities are sought nationwide.

  For more information, contact Don Buster, Victory Systems, Inc., PO Box 20608, Waco, TX 76702-0608; 817-776-8872, Fax 776-6838.

 

El Paso Bootmakers operates five locations in FL, IN, KY, MI and WI.  The stores, selling Western wear and boots, occupy spaces of 3,000 sq.ft. in outlet centers.  Plans call for as many as 10 openings in the coming 18 months.  Expansion will take place east of the Mississippi River and west of the Allegheny Mountains.

  For more information, contact Jack Esselman, c/o JF Esselman, Inc., 9000 Keystone Crossing #730, Indianapolis, IN 46240; 317-844-6833, Fax 574--0481.

 

Mothers Work, Inc. trades as Motherhood Maternity, Mimi Maternity, Maternity Works and A Pea in The Pod at 438 locations nationwide.  The stores, selling maternity apparel, occupy spaces of 800 sq.ft. to 1,200 sq.ft. in regional malls and specialty centers.  Growth opportunities are sought nationwide.

  For more information, contact Elizabeth Obloy, Mothers Work, Inc., 1309 Noble Street, Philadelphia, PA 19123; 215-625-9917, Fax 625-0471.

 

Gadzooks, Inc. trades as Gadzooks at 139 locations in AL, AR, FL, IA, IL, KS, KY, LA, MO, MS, NE, NC, NM, OH, OK, SC, TN, TX, WI and WV.  The stores, selling casual and dress-casual clothing for teenagers, occupy spaces of 2,400 sq.ft. in regional malls.  Plans call for as many as 75 openings in the coming 18 months.  Expansion will take place nationwide, exclusive of the Northeast, New England and west of Denver, CO.

  For more information, contact Steve Kotch, Gadzooks, Inc., 4801 Spring Valley Road, Suite 108B, Dallas, TX 75244; 214-991-5500, Fax 980-8230.

 

Joyce Leslie, Inc. trades as Taxi and Joyce Leslie at 39 locations in NJ, NY and PA.  The women's apparel and accessories stores occupy spaces of 7,500 sq.ft. in regional malls, power and strip centers.  Plans call for five openings in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Nancy Shapiro, Joyce Leslie, Inc., 202 Washington Avenue, Carlstadt, NJ 07072; 201-804-7800, Fax 804-8841.

 

United Retail Group, Inc. trades as The Avenue, 16 Plus and Sizes Unlimited at 578 locations nationwide.  The women's apparel stores occupy spaces of 4,000 sq.ft. in regional malls.  Growth opportunities are sought nationwide.

  For more information, contact Alan Jones, United Retail Group, Inc., 365 West Passaic Street, Rochelle Park, NJ 07662; 201-845-0880, Fax 909-3828.

 

Hartmarx Corporation trades as Kuppenheimer Men's Clothiers at 82 locations in the Mid-Atlantic, Midwestern and Southeastern regions.  The stores, selling men's apparel, sport coats, slacks, coats, outerwear, jackets and accessories, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in regional malls and end caps of strip centers.  Plans call for 12 openings in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Charlene Bray, Hartmarx Corp., PO Box 7050, Norcross, GA 30091-7309; 770-449-5877, Fax 449-3331.

 

The William Carter Company trades as Carter's Childrenswear at 122 locations nationwide.  The children's apparel stores occupy spaces of 5,000 sq.ft. in outlet centers.  Plans call for as many as 10 openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Lynn Mancini Weiner, The William Carter Company, 1000 Bridgeport Avenue, Shelton, CT 06484; 203-926-5000, Fax 925-0436.

 

A&E Stores does business as J. Chuckles, Strawberry, Veloce 500, Pay-Half and Boltons at 65 locations in NJ and NY.  The stores, selling missy and junior apparel and accessories at off-price points, occupy spaces of 5,000 sq.ft. in power and strip centers.  Growth opportunities are sought in the existing markets.

  For more information, contact Murry Jetton, A&E Stores, 1000 Huyler STreet, Tetterboro, NJ 07608; 201-393-0600, Fax 393-8967.

 

Levy & Levy trades as Wings at 60 locations in AL, CA, FL, MA, NC, NY, SC, TN and TX.  The stores, selling primarily beachwear as well as jeans and unisex apparel and accessories, occupy spaces of 4,000 sq.ft. to 10,000 sq.ft. in strip centers.  Growth opportunities are sought in the existing markets.

  For more information, contact Alex Kozlowsky, Levy & Levy, 18 East 42nd Street, New York, NY 10017; 212-922-9087, Fax 922-9346.

 

U.S. Male, Inc. trades as U.S. Male at nine locations in AR, MS and TN.  The stores, selling men's and women's contemporary apparel and accessories, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in regional malls and strip centers.  Growth opportunities are sought in the existing markets.

  For more information, contact Mary Yahola, U.S. Male, Inc., 515 South Highland, Memphis, TN 38111; 901-324-3028, Fax 323-9455.

 

Tony Walker Consultants trades as Aussie Outfitters at 75 locations in NY, SC, NC, OR, FL, PA, MA, IL, OH, RI, MI, GA, NM, VA, CT, CO, AZ, TX, NJ and Canada.  The stores, selling its own line of t-shirts, sweatshirts, jeans and caps, occupy spaces of 500 sq.ft. in regional malls.  Plans call for 50 openings in the coming 18 months.  Expansion will take place nationwide, as well as in London, England; Paris, France and Madrid, Spain.

  For more information, contact Kelly Walker, c/o Tony Walker Retail Environment Consultants, 5110 Main Street, Second Floor, Williamsville, NY 14221; 800-600-5620, Fax 716-632-3463.

 

The Wet Seal, Inc. trades as Wet Seal at 132 locations nationwide.  The stores, selling junior and missy apparel, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in regional malls.  Growth opportunities are sought nationwide.

  For more information, contact Elaine Garibay, The Wet Seal, Inc., 64 Fairbanks, Irvine, CA 92718; 714-583-9029, Ext. 3966; Fax 583-0715.

 

Patchington operates 54 locations in AZ, FL, GA and SC.  The women's apparel stores occupy spaces of 2,000 sq.ft. in regional malls, specialty and strip centers.  Plans call for as many as eight openings in the coming 18 months.  Expansion will take place in the existing markets as well as in CA, NC and TX.

  For more information, contact Michael Waters, Patchington, 10601 Belcher Road South, Largo, FL 34647; 813-544-6800, Fax 547-0947.

 

Bon-Worth Manufacturing Co. trades as Bon-Worth at 105 locations in PA, VA, GA, NC, SC, AZ, TX, FL, IA, OH, IL, IN, TN, LA, CA, MS and UT.  The stores, selling missy, junior and women's apparel at popular price-points, occupy spaces of 2,500 sq.ft. in outlet centers.  Growth opportunities are sought nationwide.

  For more information, contact Loren Wells, Bon-Worth Manufacturing Co., PO Box 2890, Hendersonville, NC 704-697-2216, Fax 697-2170.

 

Dots operates 237 locations in NY, NJ, PA, DE, IN, MN, WI, IA, OH, IL, KY, MA, VT, ME, FL and VA.  The stores, selling women's apparel at price-points of $10 and less, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in downtown store fronts and power centers.  Plans call for as many as 60 openings in the coming 18 months.  Expansion will take place in the existing markets as well as in MI, MO, NH, CT, MD and Washington, D.C.

  For more information, contact George Haskins, Dots, 30801 Carter Street, Solon, OH 44139; 216-349-7900, Fax 349-7004.

 

K&G Men's Center, Inc. trades as K&G Men's Center at 11 locations in TX, GA, IN, OH, CO, NY and MA.  The men's apparel stores occupy spaces of 20,000 sq.ft. in power centers.  Plans call for 10 openings in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Steven Greenspan, K&G Men's Center, Inc., 1750-A Ellsworth Industrial Boulevard, Atlanta, GA 30318; 404-351-7987, Ext. 305.

 

Steinmart operates 101 locations in AL, AR, CO, FL, KS, KY, LA, MS, NC, OK, SC, TN, VA, GA, IN, TX and OH.  The stores, selling better lines of clothing for the family as well as soft home goods and gifts, occupy spaces of 36,000 sq.ft. in strip centers.  Plans call for as many as 30 openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Mike Allen, Steinmart, 1200 Riverplace Boulevard, Jacksonville, FL 32207; 904-346-1500, Fax 398-4341.

 

David Parnis, Inc. does business as Carole Hochman Lingerie at two locations in FL and NY.  The stores, selling women's lingerie, loungewear and accessories, occupy spaces of 2,500 sq.ft. in outlet centers.  Growth opportunities are sought nationwide.

  For more information, contact Susan Dietz, David Parnis, Inc., 135 Madison Avenue, New York, NY 10016; 212-725-1212, Fax 725-8723.

 

Holtzman's Little Folk Shop, Inc. trades as Kids Mart at 296 locations nationwide.  The children's apparel stores occupy spaces of 2,500 sq.ft. in power centers and regional malls.  Preferred anchors include department stores, supermarkets and drug stores.  Growth opportunities are sought nationwide.

  For more information, contact Diane MacAdam, Holtzman's Little Folk Shop, Inc., 801 Sentous Street, City of Industry, CA 91748; 818-965-4022, Fax 854-3803.

 

Umbro Company Store operates seven locations in AL, FL, PA and SC.  The stores, selling its own line of athletic wear, occupy spaces of 4,200 sq.ft. in outlet centers.  Plans call for as many as six openings in the coming 18 months.  Expansion will take place in FL, GA, NC, SC, TX and VA.  The company prefers to locate its stores in resort areas.

  For more information, contact Brad Plumley, Umbro Company Store, PO Box 3725, Bldg. 1C, Greenville, SC 29608; 803-233-0000, Fax 370-7151.

 

Bermo Enterprises, Inc. trades as Max 10 and Mr. B's Wearhouse at 12 locations in MI.  The Max 10 stores sell family apparel at price-points of $10 and below and the Mr. B's Wearhouse units sell family apparel at regular prices.  Both concepts use spaces running 5,000 sq.ft. to 6,000 sq.ft. in freestanding facilities and strip centers.  Growth opportunities are sought in the existing market.

  For more information, contact Ed Bernard, Bermo Enterprises, Inc., 12033 US 131, Schoolcraft, MI 49087; 616-679-2580, Fax 679-2611.

 

Catherine's, Inc. does business as P.S. Plus Sizes, Catherine's, Added Dimensions and The Answer at 439 locations nationwide.  The stores, selling large-size women's apparel, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in freestanding facilities and strip centers.  Plans call for 60 openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Bill Serex, Catherine's, Inc., 3742 Lamar Avenue, Memphis, TN 38118; 901-363-3900, Ext. 228, Fax 794-9392.

 

Chico's F A S, Inc. trades as Chico F A S at 123 locations nationwide.  The stores, selling casual apparel and accessories, occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in regional malls, outlet and specialty centers.  Plans call for six openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Scott Edmonds, Chico's F A S, Inc., 11215 Metro Parkway, Fort Meyers, FL 33912; 941-277-6200, Fax 277-5237.

 

Dress Barn, Inc. trades as Dress Barn and LJ's Fashions at 800 locations nationwide.  The women's apparel stores occupy spaces of 4,000 sq.ft. in strip centers.  Plans call for 40 openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Elise Jaffe, Dress Barn, Inc., 30 Dunigan Drive, Suffern, NY 10901; 914-369-4500, Fax 369-4750.

 

 

Retail Bankruptcies--Issues for Tenants & Landlords

 

by Kenneth A. Rosen, Esq. and Alan J. Carr, Esq.

      BANKRUPTCY - A word which brings trepidation to most anyone with the least bit of involvement in the retail real estate market today.  The term is a source of seemingly endless speculation and discussion as to who may be next or how each of us will be affected by it.

      By now, it is highly unlikely that anyone reading this column has not been touched in some way by the recent wave of bankruptcy filings which seem to be spreading through the retail industry like wildfire.  We are all too aware of the recent Chapter 11 filings by major retailers such as Jamesway, Caldor, Barney's, Rickels (the list goes on), as well as the numerous rumblings about K Mart.

      For tenants and landlords, the power of a tenant who is in bankruptcy to choose which leases it wishes to assume and those it wishes to reject is one of the most important provisions of the Bankruptcy Code.  Although there is no question that this right to "pick and choose" one's best locations and leases gives a bankrupt tenant a strong arm, there are protections afforded landlords which often go underutilized.  Congress has gone a long way to assure that while a landlord's hands are proverbially tied, it is still afforded some major protections to its property rights.  Congress has tried to maintain a delicate balance between permitting a debtor to rehabilitate itself while at the same time protecting a landlord's proprietary rights.

      The primary goal of the Bankruptcy Code is to provide a debtor with the opportunity to get a "fresh start" and to restructure its finances in order to provide a means of rehabilitation.  Most significantly for a retailer, the retail locations must remain open once a debtor has filed a bankruptcy petition.  Without its retail outlets, the chances of rehabilitation as a retailer naturally become nil.  Therefore, the debtor has the chance to decide which properties it wishes to retain and those from which it wishes to "walk."  As a general rule, the debtor has sixty days within which to make this choice.  In many cases, landlords are under the misconception that during this sixty-day period, they are without any rights against the tenant and must permit the tenant to remain in the leased premises until a decision has been made regarding the debtor's intention to vacate the premises.  That is simply not the law.

      Quite possibly the most daunting reason that many landlords do not pursue all of their rights against a tenant once it has commenced a bankruptcy case is due to the great fear that one may violate the automatic stay.  Once a bankruptcy petition is filed, the debtor is protected by the automatic stay from actions by a creditor to collect upon a debt.  Case law says that the stay can be violated by acts as simple as calling the debtor on the telephone and asking when payment will be made.  The fear many landlords hold arises out of these situations where a landlord is hit for sanctions for violating the automatic stay for taking such seemingly innocuous measures.  However, it must be understood that while there is great reason to fear violating the stay, the stay only applies to debts which accrue before the tenant files its bankruptcy petition.  Accordingly, the landlord should be encouraged to protect all of its rights once the debtor has filed a bankruptcy petition for any debts which arise post-petition.

      Understanding where the stay prevents landlord action and where the protections cease is of the utmost importance to (1) the landlord to protect its rights against a bankrupt tenant; and (2) to the tenant to understand what protections it has and what it is obligated to pay while in bankruptcy.

      As a general tenet, landlords have a right to, and should, pursue as vigorously as possible, any rent and other charges under a lease as they come due after the filing of a bankruptcy petition whether or not the tenant has decided to assume or reject the lease.  So long as the landlord is careful to segregate the post-petition charges and rents from those that accrued pre-petition, it should be able to avoid violating the stay.  To lump them together may run the risk of committing contemptuous activity in violation of the automatic stay.

      For example, if a tenant files a bankruptcy petition on the 5th of any given month, the initial 60 day period within which to reject or assume that lease begins to run on that date.  Presuming that month's rent had yet to be paid, some landlords are under the perception that they are foreclosed from pursuing their rent for that whole month.  It is true that since the landlord did not collect the rent for that month on the first of the month, rent for the first part of the month, up until the bankruptcy filing, is a pre-petition debt and it cannot be pursued.  However, the landlord is entitled to all of its rent charges, albeit on a pro rata basis, for the remainder of that month and continuing forward until rejection of the lease.  Therefore, it is advisable that once a tenant files a bankruptcy petition, that a landlord make formal demand for the continuing rent with a small window for compliance.  If such charges are not paid within the short deadline given in the notice, the landlord immediately should file an application to the Bankruptcy Court to demand payment of the post-petition rents.  This application is a relatively simple procedure and the legal cost is modest.  In addition, the landlord will benefit in the long run since it has sent a message to its tenant that just because the tenant is in bankruptcy, the landlord is aware of its rights and will pursue them aggressively.  Particularly when a debtor has numerous locations, the squeaky wheel gets the attention and the likelihood of the tenant paying all future post-petition rents and charges timely will be enhanced.  If a landlord does not assert its rights aggressively, the debtor may tend to take advantage of that until there is legal intervention.  After all, the tenant is presumably low on cash and will try to make a landlord a de facto lender if permitted to do so.

      The right to post-petition rents and charges is limited to a certain extent.  A tenant can and should refuse to pay any rents or charges due under the lease which are billed during the post-petition, pre-rejection period but actually are for charges which accrued pre-petition.  The most common examples of this are real estate taxes and escalations.  Under many leases, the tenant is obligated to pay all or a portion of real estate taxes.  Of course, there are municipalities which bill in arrears.  Also, water charges and the like may be billed long after the service was rendered.  A tenant is not obligated to pay any pre-petition rents or charges to its landlord which accrued pre-petition but became due post-petition.  A recent bankruptcy court case stands for this precise premise.

      In In re Warehouse Club, 184 B.R. 316 (Bkrtcy. N.D. Ill. 1995), the tenant/debtor, Warehouse Club, Inc. ("Warehouse"), leased property from Otis Company ("Otis").  The lease between the parties required Warehouse to pay all real estate taxes on the leased property as they came due.  The Bankruptcy Court held that a debtor only has to pay for charges and rents which "arise" during the post-petition period.  Since the real estate taxes were billed post-petition, but actually covered a period pre-petition, the Court held that they arose pre-petition and, accordingly, Warehouse was not obligated to pay these charges when they were billed.  In the event that the debtor rejects the lease, such charges would be part of the landlord's pre-petition claim against the debtor, thereby sharing with all other unsecured claimants.  Alternatively, if the lease is assumed by the debtor, the charges would be paid at that time.

      A novel argument has been put forth recently by many tenant/debtors against payment of post-petition rents as they come due.  Section 365(d)(3) of the Bankruptcy Code permits a tenant to withhold payment of certain obligations to a landlord which arise post-petition while the tenant is deciding whether to assume or reject the lease.  11 U.S.C.  365(d)(3).  However, debtor/tenants have attempted to argue that the provision of the Bankruptcy Code also allows them to withhold rent during the initial 60 day period.

      We are of the opinion that such an argument is not advisable. The Bankruptcy Code gives a reprieve to a tenant only for capital expenditures, such as roof and parking lot repairs, and not for regular rental payments and charges.  It would be more advisable for a tenant to approach a landlord upon commencement of a bankruptcy case to try to work out a consensual payment plan for or reduction of post-petition rent.  Choosing the option of arguing that rents can be withheld for 60 days will prove only to create an unnecessarily adversarial relationship between the tenant and the landlord which can backfire later on.  Since the retailer presumably needs to be in the location to continue its business, and since it is in the landlord's best interest to help keep the debtor viable so that it can pay rent in the future, approaching the landlord "like a mensch" and trying to work out a reasonable solution is probably the more prudent course.  Besides, the argument against paying rent during the first 60 days of a bankruptcy case flies in the face of the express provisions of the first sentence of  365(d)(3) of the Bankruptcy Code which mandates the timely payment of rent.

      Unfortunately, this wave of bankruptcies does not seem to be slowing down soon.  Once a tenant commences a bankruptcy case, the landlord/tenant dynamic goes through a metamorphosis, and to not fully investigate and understand one's new role in the relationship can be detrimental to all parties involved.  Therefore, know your rights and protect them as vigorously as the law permits.

  Kenneth A Rosen, Esq. is a member of Ravin, Sarasohn, Cook, Baumgarten, Fisch & Rosen, P.C.  Alan J. Carr, Esq. is an associate with the firm.  Ravin, Sarasohn, Cook, Baumgarten, Fisch & Rosen, P.C. is a full-service law firm of almost 40 attorneys which has represented both tenants and landlords in several major retail bankruptcies.  While the firm has a strong reputation and background as a bankruptcy law firm, attorneys in the firm also concentrate in many other areas of the law, including but not limited to: Debotr/Creditor; Commercial Litigation; Landlord/tenant; Corporate and Real Estate Transactions; Construction Litigation; and Environmental Compliance and Litigation.  The firm can be reached at (201-228-9600) or visit their Home Page at http://www.ravin-sarasohn.com.

 

 

Leasing To Management--Critical Handoff

 

by Alan Alexander

The shopping center landlord/tenant relationship has often been a difficult one and yet there are few relationships that have the potential for being pleasant, profitable and mutually beneficial.  There are very few shopping centers where the landlord is successful and the tenants are not and very few where the tenants are successful and the landlord is not.  The situation must be good for both or it is good for neither.

 

Leasing is one of the most difficult and demanding aspects of a successful shopping center.  The competition for good tenants is fierce and not every tenant fits into every vacancy.  The good leasing agent not only has to locate a satisfactory use for the available space, but must find the best use, a financially viable operation and one that will meet the financial needs of the center, i.e.; the proper rent and charges.

 

Most of the leasing agents that I have dealt with over the years have been motivated, dedicated and amiable individuals who end the negotiations on a good note whether or not a lease was completed.  Obviously, the purpose of the exercise is to complete a lease that will reduce or eliminate vacancy in the shopping center and contribute to the overall "synergism" of the property.  However, should that final conclusion not be reached in a specific instance, the good leasing agent knows that there will very likely be another opportunity in the future to "do a deal" with that merchant and the door is kept open through a good relationship.

 

The question then is what happens to the landlord/tenant relationship from the time the salesperson (leasing agent) completes his or her part of the transaction and management takes over?  It is not unusual for tenants, to have hard feelings about the landlord and/or management and most often these feelings can be traced back to the time between the signing of the lease and the opening of the store for business.

 

We have all been in the position of having a tenant indicate that the leasing agent made promises that were not fulfilled.  It is my experience that most leasing agents are up front with the tenants regarding lease obligations and while there are, no doubt, some misunderstandings, generally this is not the cause of landlord/tenant problems.

 

The main cause of the problems is failure to communicate.  Years ago when I opened the Mall of Orange in California for Harry Newman, he had the leasing agent provide me with an introduction to the new tenant representative and I contacted each new tenant as their lease was signed to let them know that I was the one that would work with them in getting their stores open and be their "problem solver."  At the time I thought such a program was a waste of time, but I soon came to realize that the tenants appreciated hearing from the management side early on and knowing that they had someone to call if things were not going the way they should.  More than one tenant was astonished that the landlord would have someone to call and offer their services before there was a problem to solve.  During the store fit up I was the liaison between our construction people and the tenant's contractors.  I often helped with city hall if there were problems.  I helped out of town merchants find the local utility companies, pointed them in the right direction for advertising or for local help.  From that experience I became convinced that the critical step in the landlord/tenant relationship was in the handoff from leasing to management and the "hand holding" from then until the store opened for business.

 

All too often we see the leasing agent conclude the lease and, rightly, move onto the next deal while the tenant, who is excited about getting his or her new store open, is left to wonder what to do next.  It is not the leasing agents job to get the tenant's store open for business.  That is a waste of good leasing talent.  The leasing agent should introduce the tenant to the shopping center manager or project manager and then go about leasing more space.  The project manager or shopping center manager should then be available to the tenant to help them get the store open.  The sooner the store is open, the sooner the landlord will start receiving rent.  Some of the critical areas of help for the new tenant should include:

 

1. Provide the tenant with a "tenant kit" upon signing of the lease.  That kit should include everything the tenant will need to know to get the store open and to operate it once the store is open.

 

2. Providing the new tenant with a specific name of an individual who can answer critical questions or make important decisions that will help the tenant get the store open.

 

3. Institute a policy of immediate response to tenant problems and questions during this critical time.  Delays cost money and create hard feelings.

 

4. Where problems exist, take a pro active approach in helping to solve them.  If there are problems with permits, step in and see if you can help.

 

5. Check with the tenant from time to time during the fit up process to make sure that everything is going well.  No news may well mean there is a problem and no one is talking about it.  If you do check and everything is fine, the tenant will appreciate the interest in his or her welfare.

 

6. Provide the tenant, especially a local small operator, with a "Grand Opening" ad at no cost to the tenant.  The tenant will appreciate the gesture and the center will get their message out as well.

 

7. A small Grand Opening gift for local small operators such as a potted plant or flowers is always appreciated and acknowledges your interest in this important event in their life.

 

8. Provide the tenant with a commencement letter indicating the lease commencement, ending, rents and charges and how and to whom they are paid.  This letter can also include the names of important people that they will interface with during the lease term such as head of security, accounting, management, etc.

 

9. If the tenant makes requests that you cannot agree to always preface your turn down with "I am sorry but..." and explain your reasons for saying "no."

 

The tenant is our client and our customer and should be treated as such from the outset.  Those of us that are involved in multiple shopping center operations can really appreciate the value of good tenant relations when we have tenants that will follow us from one center to the next because they know they will be treated with respect and will have benefit of concerned and capable management.  Most of us have great concern for the tenant just prior to lease renewal time, we should all have great concern for the tenant from the day our relationship starts.

  Alan Alexander is a Senior Certified Shopping Center Manager with Woodmont Real Estate Services, 1050 Ralston Avenue, Belmont, CA 94002; 707-224-5126, Fax 224-5018.

 

 

Entertainment Tenants Seeking Spaces Nationwide

 

Leisure Entertainment Corp. trades as Laser Quest at 27 locations in NC, KY, MI, TN, VA, UT, WA, OK, OH, CO and Canada.  The concept, offering laser tag games, occupies spaces of 7,500 sq.ft. to 10,000 sq.ft. in freestanding facilities and strip centers.  Preferred anchors include regional malls, movie theaters and other recreational facilities.  Plans call for 25 openings in the coming 18 months.  Expansion will take place nationwide.  Preferred demographics include a population of 250,000 within seven miles earning $40,000 as the median income.  Leases running 10 years are typical.

  For more information, contact Randy Iaboni, Leisure Entertainment Corp., c/o Randy Iaboni Real Estate Ltd., 44 Charles Street West, Suite 3312, Toronto, Ontario, Canada M4Y-1R8; 416-925-7767, Fax 925-9484.

 

Hoyt's Cinema Corp. trades as Hoyt's Cinema at 94 locations (645 screens) in CT, ME, MD, MA, NH, NY, OH, RI and VT.  The movie theaters occupy spaces of 30,000 sq.ft. to 70,000 sq.ft. in freestanding facilities and regional malls.  Plans call for 12 openings (200 screens) in the coming 18 months.  Expansion will take place in the existing markets as well as PA.

  For more information, contact Harold Blank, Hoyt's Cinema Corp., 1 Exeter Plaza, Boston, MA 02116; 617-267-2700, Ext. 107, Fax 262-0707.

 

Stone Amusement Co., Inc. trades as Fun Tunnel at seven locations in GA, KY, MS and TN.  The family entertainment centers occupy spaces of 1,800 sq.ft. to 2,200 sq.ft. in power centers and regional malls.  Growth opportunities are sought throughout the Southeastern region.

  For more information, contact Bill Stone, Stone Amusement Co., Inc., 901 East Lincoln Street, Tullahoma, TN 37388; 615-455-4710, Far 615-455-4726.

 

Jumpin' Jax Corporation trades as Jumpin' Jax at two locations in MN.  The family entertainment centers occupy spaces of 15,000 sq.ft. in sites with a large retailer as the anchor.  Plans call for six openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Les Wolf, Jumpin' Jax Corporation, 3025 Harbor Lane North, Suite 315, Minneapolis, MN 55447; 612-550-1460, Fax 553-7915.

 

Impulse, Inc. trade as Impulse at 60 locations in AL, AR, DE, FL, GA, KY, LA, MO, MS, NC, OH, SC, TN, TX and VA.  The children's ride and entertainment concept occupies spaces of 100 sq.ft. in regional malls.  Growth opportunities are sought throughout the Southeastern region.

  For more information, contact Ron Baysden, Impulse, Inc., 1500 Redi Road, Cumming, GA 30130; 770-889-9499, Fax 889-0602.

 

Gorton Group trades as Primages at locations nationwide.  The concept features coin operated kiddie rides and giant gumball machines while using spaces of 120 sq.ft. in regional malls, outlet and specialty centers.  Growth opportunities are sought nationwide.

  For more information, contact Chris Youngs, Gorton Group, 203 Charles Street, Coopersberg, PA 18036; 610-282-5566, Fax 282-1240.

 

Super Savers Cinemas operates 20 locations in AZ, CA and CO.  The movie theaters occupy spaces of 25,000 sq.ft. to 35,000 sq.ft. in freestanding facilities, regional malls and strip centers.  Plans call for 10 openings in the coming 18 months.  Expansion will take place in CA and CO.  Preferred demographics include a population of 175,000 within five miles earning $30,000 as the average income.  The company also converts existing theaters.

  Star Time Family Entertainment operates one location in the Western region.  The new concept, which features family entertainment, games and rides, occupies spaces of 23,000 sq.ft. to 30,000 sq.ft. in regional malls.  Plans call for the opening of four units in the coming 18 months.  Expansion will take place in AZ, CA and CO and all states west of the Mississippi River will be considered for expansion.  Preferred demographics include a population of 175,000 within five miles earning $30,000 as the average income.

  Wallace Theaters operates eight locations in CA.  The movie theaters occupy spaces of 12,000 sq.ft. to 24,000 sq.ft. in freestanding facilities and strip centers.  Plans call for six openings in the coming 18 months.  Expansion will take place in AZ, CA, NM, OR and UT.  Preferred demographics include a population of 75,000 within five miles.  The company is also interested in acquiring existing theaters in small towns.

  For more information on the above three companies, contact Tony Gild, The Gild Group, 7460 Girard Avenue, Suite 8, La Jolla, CA 92037; 619-456-1874, Fax 456-9910.

 

Singer Enterprises does business as Nickels & Dimes at 208 locations nationwide and in Australia.  The arcades occupy spaces of 1,500 sq.ft. to 40,000 sq.ft. in regional malls.  Growth opportunities are sought nationwide.

  For more information, contact Ron Kostellney, Singer Enterprises, 4534 Old Denton Road, Carrollton, TX 75008; 214-492-3262, Fax 492-5705.

 

Cinema 'N' Drafthouse/Cinema Grill operates 21 locations in CO, FL, GA, IL, MN, NC, TX, VA and Washington, D.C.  The concept, featuring movies, food and drink, occupies spaces of 8,000 sq.ft. to 12,000 sq.ft. in power, specialty and strip centers.  Plans call for 11 openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Brian Henry, Cinema 'N' Drafthouse/Cinema Grill, 201 North Wells Street, Chicago, IL 60606; 312-849-3100, Fax 849-2041.

 

Amusement Investment Co. trades as Laser One Midway at five locations in MI, OH and WV.  The family entertainment centers occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. in regional malls.  Preferred anchors include movie theaters.  Plans call for three openings in the coming 18 months.  Expansion will take place nationwide.  Leases running 10 years are typical.

  For more information, contact Jerry Kroos, Amusement Investment Co., 1590 Alum Creek Drive, Columbus, OH 43209; 614-258-2933, Ext. 11, Fax 258-2940.

 

Marcus Theater Corp. trades as Marcus Theater at 38 locations in IL and WI.  The movie theaters occupy spaces of 45,000 sq.ft. to 50,000 sq.ft. in freestanding facilities, regional malls and strip centers.  Growth opportunities are sought in the existing markets.

  For more information, contact Greg Marcus, Marcus Theater Corp., 250 East Wisconsin Avenue #1600, Milwaukee, WI 53202-4223; 414-274-0514, Fax 272-5878.

 

Reel Entertainment operates 13 locations in NJ, NY, OR, PA and WA.  The movie theaters, featuring movies at a $1.50 admission price, occupy spaces of 10,000 sq.ft. to 17,000 sq.ft. in power and strip centers.  Plans call for three openings in the coming 18 months.  Expansion will take place in either the existing markets, CA or VA.

  For more information, contact Dale Reese, Reel Entertainment, PO Box 130, Veradale, WA 99037; 509-924-7514, Fax 922-3735.

 

Putt Putt Golf Courses of America operates 257 locations nationwide and internationally.  The concept, featuring single and multiple miniature golf courses as well as batting cages, bumper boats, go carts, laser tag games and arcade game rooms, occupy freestanding facilities on land areas of four to six acres.  Plans call for 14 openings in the coming 18 months.  Expansion will take place in FL, MA, NC, SC and TX.

  For more information, contact Scott Anderson, Putt Putt Golf Courses of America, PO Box 35237, Fayetteville, NC 910-485-7131, Fax 485-1122.

 

 

Supermarket Retailers Shopping for Sites Nationwide

 

Ramey Super Markets operates 35 locations in MO.  The supermarkets occupy spaces of 21,000 sq.ft. in freestanding facilities and regional malls.  Plans call for one opening in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Richard Taylor, Ramey Super Markets, 3259 East Sunshine, Springfield, MO 65804; 417-883-2555, Fax 883-6165.

 

Smart & Final, Inc. trades as Smart & Final at 164 locations in AZ, FL, CA, NV and Mexico.  The warehouse grocery stores occupy spaces of 40,000 sq.ft. to 65,000 sq.ft. in freestanding facilities and strip centers.  Plans call for six openings in the coming 18 months.  Expansion will take place in CA and Mexico.

  For more information, contact Robert Wess, Smart & Final, Inc., 4700 South Boyle Avenue, Vernon, CA 90058; 213-589-1054, Fax 581-4756.

 

Seaway Food Town, Inc. trades as Food Town and Pharm at 66 locations in MI and OH.  The Food Town supermarkets occupy spaces of 44,000 sq.ft. to 60,000 sq.ft. in strip centers while the Pharm deep discount drug stores occupy spaces of 30,000 sq.ft. to 40,000 sq.ft. in strip centers.  Plans call for as many as nine openings in the coming 18 months.  Expansion will take place in the existing markets.  The company is looking to expand both concepts.

  For more information, contact Clifford Sasfy, Jr., Seaway Food Town, Inc., 1020 Ford Street, Maumee, OH 43537; 419-891-4212, Fax 891-4211.

 

Canned Foods, Inc. does business as Grocery Outlet at 102 locations in CA, ID, MT, NV, OR, UT and WA.  The supermarkets occupy spaces of 20,000 sq.ft. in freestanding facilities and strip centers.  Plans call for as many as four openings in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Greg Geertsen, Canned Foods, Inc., 2000 5th Street, Berkeley, CA 94710-1918; 510-845-1999, Fax 644-9990.

 

Pathmark Stores, Inc. trades as Pathmark Supercenters at 144 locations in CT, DE, NJ, NY and PA.  The supermarkets occupy spaces of 48,000 sq.ft. to 64,000 sq.ft. in strip centers.  Plans call for as many as 12 openings in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Harvey Gutman, Pathmark Stores, Inc., PO Box 5301, Woodbridge, NJ 07095-0915; 908-499-3205, Fax 499-3381.

 

Ronetco Supermarkets, Inc. trades as ShopRite Supermarkets at five locations in NJ.  The supermarkets occupy spaces of 50,000 sq.ft. in strip centers.  Plans call for two openings in the coming 18 months.  Expansion will take place in NJ and PA.

  For more information, contact Pasquale Romano, Sr., Ronetco Supermarkets, Inc., 1070 Route 46, Ledgewood, NJ 07852-9735; 201-927-8300, Fax 201-927-4953.

 

Santoni's, Inc. trades as Santoni's at three locations in MD.  The supermarkets occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in strip centers.  Growth opportunities are sought in the existing market.

  For more information, contact Eric Rebbert, Santoni's, Inc., 912 Edgewood Road, Edgewood, MD 21040; 410-679-5050, Ext. 15, Fax 679-5052.

 

Haggen's, Inc. trades as Haggen Foods and Top Foods at 16 locations in WA.  The supermarkets occupy spaces of 45,000 sq.ft. to 80,000 sq.ft. in freestanding facilities and strip centers.  Growth opportunities are sought in the existing market.

  For more information, contact Anita Wiseman, Haggen's, Inc., PO Box 9704, Bellingham, WA 98227; 360-650-8265, Fax 650-8235.

 

Mega Foods operates 17 locations in AZ.  The warehouse-style supermarkets occupy spaces of 52,640 sq.ft. in freestanding facilities and strip centers.  Growth opportunities are sought in the existing market.

  For more information, contact the Director of Real Estate, Mega Foods, 1455 South Stapley Drive, Suite 15, Mesa, AZ 85204; 602-926-1087, Fax 545-3267.

 

Mayfair Supermarkets, Inc. does business as Foodtown at 29 locations in NJ.  The supermarkets occupy spaces of 44,000 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 in the existing market.

  For more information, contact Kevin Keenan, Mayfair Supermarkets, Inc., 681 Newark Avenue, Elizabeth, NJ 07208; 908-965-3442, Fax 965-3427.

 

Super-Rite Foods, Inc. trades as Basics and Metro at 15 locations in DE and MD.  The supermarkets occupy spaces of 45,000 sq.ft. in strip centers.  Growth opportunities are sought in MD.

  For more information, contact John Ryder, Super-Rite Foods, Inc., 5483 Baltimore National Pike, Baltimore, MD 21229; 410-455-5400, Fax 788-1737.

 

Raley's trades as Raley's and Bel Aire at 81 locations in CA and NV.  The supermarkets occupy spaces of 61,000 sq.ft. in strip centers.  Plans call for the opening of three Raley's and one Bel Aire unit in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Neil Dearhoff, Raley's, PO Box 15618, Sacramento, CA 95852; 916-373-3333, Fax 371-1323.

 

Randall Food Markets trades as Randall Markets and Tom Thumb at 120 locations in TX.  The supermarkets occupy spaces of 58,000 sq.ft. to 70,000 sq.ft. in strip centers.  Plans call for two Randall's openings and two Tom Thumb openings in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Joe Rollins, Randall Food Markets, 3663 Briarpark, Houston, TX 77042; 713-268-3500, Fax 268-3601.

 

Ream's Food Stores operates 12 locations in UT.  The supermarkets occupy spaces of 49,000 sq.ft. in freestanding facilities.  Growth opportunities are sought in the existing market.

  For more information, contact Dick Cheney, Ream's Food Stores, 160 East Claybourne Street, Salt Lake City, UT 84115; 801-485-8451, Fax 485-0845.

 

Sedano's Supermarkets, Inc. trades as Sedano's Supermarkets at 22 locations and as Sedano's Pharmacies at 12 locations in FL.  The supermarkets and pharmacies occupy spaces of 20,000 sq.ft. to 30,000 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 in the existing market.

  For more information, contact Manuel Herran, Sedano's Supermarkets, Inc., 9688 S.W. 24th Street, Miami, FL 33165; 305-221-8351, Fax 556-6981.

 

Danielson Food Stores does business as Thriftway at eight locations in OR.  The supermarkets occupy spaces of 30,000 sq.ft. to 45,000 sq.ft. in strip center.  Plans call for one opening in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Carol Suzuki, Danielson Food Stores, PO Box 5490, Oregon City, OR 97045; 503-655-9141, Fax 655-1214.

 

Stater Bros. Markets operates 110 locations in CA.  The supermarkets occupy spaces of 41,000 sq.ft. in strip centers.  Growth opportunities are sought in the existing market.

  For more information, contact Walter Ford, Stater Bros. Markets, PO Box 150, Colton, CA 92324; 909-783-5002, Fax 783-5165.

 

Fleming Co. trades as Piggly Wiggly at 200 locations in AL, FL, GA and MS.  The supermarkets occupy spaces of 21,000 sq.ft. to 50,000 sq.ft. in freestanding facilities and strip centers.  Plans call for seven openings in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Steve Sanders, Fleming Co., 1015 Magnolia Avenue, Geneva, AL 36340; 334-684-5331, Fax 684-7024.

 

Fry's Food Stores of Arizona, Inc. trades as Fry's Food Stores at 50 locations in AZ.  The supermarkets occupy spaces of 52,000 sq.ft. to 62,000 sq.ft. in freestanding facilities and strip centers.  Plans call for five openings in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Terry Marshall, Fry's Food Stores of Arizona, Inc., PO Box 6016, Phoenix, AZ 85005-6016; 602-269-3171, Fax 272-8886.

 

Knowlan's Super Markets, Inc. trades as Knowlan's Super Markets and Festival Foods at eight locations in MN.  The supermarkets and warehouse-style supermarkets occupy spaces of 35,000 sq.ft. to 45,000 sq.ft. in freestanding facilities and strip centers.  Growth opportunities are sought in the existing market.

  For more information, contact Marie Aarthun, Knowlan's Super Markets, Inc., 111 East County Road F, Vadnis Heights, MN 55127; 612-483-9242, Fax 483-0622.

 

Mars Supermarkets, Inc. trades as Mars Supermarkets at 14 locations in MD.  The supermarkets occupy spaces of 20,000 sq.ft. to 42,000 sq.ft. in freestanding facilities, power and strip centers.  Plans call for one opening in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Carmine D'Anna, Mars Supermarkets, Inc., 7183 Holabird Avenue, Baltimore, MD 21222; 410-282-2100, Fax 285-8351.

 

Redner's Markets, Inc. trades as Redner's Markets at 20 locations in PA.  The supermarkets occupy spaces of 50,000 sq.ft. in freestanding facilities and strip centers.  Growth opportunities are sought in the existing market.

  For more information, contact Richard Redner, RD2 PO Box 22430, Reading, PA 19605; 610-926-3700, Fax 926-6327.

 

Schultz Sav-O Stores, Inc. trades as Piggly Wiggly at 85 locations in IL and WI.  The supermarkets occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in freestanding facilities and strip centers.  Plans call for five openings in the coming 18 months.  Expansion will take place in WI.

  For more information, contact Frank Welsh, Schultz Sav-O Stores, Inc., 615 South 8th Street, Suite 200, Sheboygan, WI 53081; 414-457-1980, Ext. 127, Fax 457-8198.

 

White's Supermarkets operates 15 locations in TN.  The supermarkets occupy spaces of 29,000 sq.ft. in strip centers.  Plans call for one opening in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Douglas White, White's Supermarkets, 125 Lamont Street, Johnson City, TN 37604; 423-926-0779, Fax 926-9573.

 

Jim Adams, Inc. does business as IGA, Save-A-Lot and Piggly Wiggly at 35 locations in IL, IN, KY and TN.  The supermarkets occupy spaces of 12,000 sq.ft. to 30,000 sq.ft. in freestanding facilities and strip centers.  Growth opportunities are sought in the existing markets.

  For more information, contact Jim Adams, Jim Adams, Inc., PO Box 909, Paris, TN 38242; 901-642-2752, Fax 642-6012.

 

Fiesta Mart, Inc. operates 40 locations in TX.  The supermarkets occupy spaces of 25,000 sq.ft. to 48,000 sq.ft. in freestanding facilities and strip centers.  Plans call for as many as 10 openings in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Buster Freedman, Fiesta Mart, Inc., c/o United Equities, 6909 Ashcroft, Suite 200, Houston, TX 77081; 713-772-6262, Fax 981-4035.

 

Albertson's, Inc. trades as Albertson's at 768 locations in 19 states.  The supermarkets occupy spaces of 45,000 sq.ft. to 65,000 sq.ft. in freestanding facilities and strip centers.  Plans call for 66 openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Barbara Snell, Albertson's, Inc., 250 Parkcenter Boulevard, Boise, ID 83726; 208-385-6200, Fax 385-6888.

 

Camellia Food Stores, Inc. does business as Be-Lo Foods, Food City and Meatland at 41 locations in DE, MD, NC and VA.  The supermarkets occupy spaces of 17,000 sq.ft. in freestanding facilities, power and strip centers.  Growth opportunities are sought in the existing markets.

  For more information, contact Guy Sykes, Camellia Food Stores, 1157 Production Road, Norfolk, VA 23502; 804-855-3371, Fax 853-7405.

 

Country Boys Food Stores trades as Country Boys at three locations in TX.  The supermarkets occupy spaces of 6,000 sq.ft. to 30,000 sq.ft. in freestanding facilities and strip centers.  Plans call for two openings in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Steve Fleming, Country Boys Food Stores, 501 East Central, Suite 5, Comanche, TX 76442; 915-356-5271, Fax 356-3688.

 

Ingles Markets, Inc. operates 185 locations in AL, GA, NC, SC, TN and VA.  The supermarkets occupy spaces of 52,000 sq.ft. to 62,000 sq.ft. in freestanding facilities and strip centers.  Plans call for 12 openings in the coming 18 months.  Expansion will take place in the existing markets.

  For more information, contact Gordon Meyers, Ingles Markets, Inc., PO Box 6676, Asheville, NC 28816; 704-669-2941, Fax 699-3678.

 

 

Food Tenants Hungry for Sites Nationwide

 

Hooters of America, Inc. trades as Hooters at 174 locations nationwide.  The casual restaurants occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding facilities and end caps of strip centers.  Plans call for 50 openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Greg Michael, Hooters of America, Inc., 1815 The Exchange, Atlanta, GA 30339; 770-951-2040, Fax 933-9464.

 

Innovative Restaurant Concept trades as Rio Bravo Cantina, Green Hills Grill, Ray's on the River and Rio Bravo Grill at 21 locations in AL, FL, GA and TN.  The restaurants occupy spaces of 2,500 sq.ft. in freestanding facilities and regional malls.  Plans call for 10 openings in the coming 18 months.  Expansion will take place in the existing markets as well as in KS.

  For more information, contact David Gilbert, Innovative Restaurant Concept, 1640 Powers Ferry Road, Marietta, GA 30067; 770-956-1856, Fax 951-8237.

 

Morrison Restaurants, Inc. trades as Morrisons, Ruby Tuesday, Mozzarella and Tia's at 544 locations nationwide.  The casual dining restaurants and cafeterias occupy spaces of 4,400 sq.ft. to 5,200 sq.ft. in freestanding facilities and strip centers.  Plans call for 35 openings in the coming 18 months.  Expansion will take place nationwide.

  For more information, contact Mike Nolan, Morrison Restaurants, Inc., 4721 Morrison Drive, Mobile, AL 36609; 334-344-3000, Fax 344-3066.

 

Houlihan's Restaurant Group trades as Houlihan's at 82 locations nationwide.  The restaurants occupy spaces of 7,000 sq.ft. in freestanding facilities, specialty and strip centers.  Plans call for two openings in the coming 18 months.  Expansion will take place in either CT, GA, KS, NJ, NY or PA.  The company is franchising.

  For more information, contact Dan Rooney, Houlihan's Restaurant Group, 2 Brush Creek Boulevard, Kansas City, MO 64112; 816-756-2200, Fax 561-1899.

 

Restaurant Associates Industries trades as Mama Leone, The Office, Charlie Brown's and Panavino Expandi at 130 locations in CA, MA, NV, NJ, NY and Washington, D.C.  The restaurants occupy spaces of 5,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers.  Plans call for as many as seven locations in the coming 18 months.  Expansion will take place in NJ and NY.

  For more information, contact Franklin Glasgall, Restaurant Associates Industries, 545 Madison Avenue, 6th Floor, New York, NY 10022; 212-888-8448, Fax 888-8534.

 

Planet Hollywood operates 30 locations in AZ, CA, CO, FL, GA, HI, IL, LA, MN, NJ, NV, NY, TX, Washington, D.C. as well as in Mexico, England, Hong Kong, South Korea, Indonesia, France, Finland and Spain.  The restaurants, which feature entertainment, occupy spaces of 5,000 sq.ft. in busy downtown locations.  Plans call for 14 openings in the coming 18 months.  Expansion will take place both nationally and internationally.

  For more information, contact Daniel Harf, Planet Hollywood, 7380 Sand Lake Road, Suite 600, Orlando, FL 32819; 407-363-7827, Fax 363-4862.

 

Spaghetti Shops, Inc. trades as Spaghetti Shops at 41 locations in FL, IN, NY, OH, PA, WV, MN, NE, ND and SD.  The fast food restaurants occupy spaces of 2,000 sq.ft. in freestanding facilities.  Plans call for five openings in the coming 18 months.  Expansion will take place within the existing markets.

  For more information, contact Jim Teaters, Spaghetti Shops, Inc., 917 C Street, Suite A, Charleston, IL 61920; 217-348-1535, Fax 348-7958.

 

El Chico Corporation trades as El Chico Restaurants at 101 locations in AL, AR, FL, GA, KY, LA, MS, MO, OK, SC, TN and TX.  The Mexican restaurants occupy spaces of 5,200 sq.ft. in freestanding facilities and end caps of strip centers.  Growth opportunities are sought throughout the Midwestern and Southeastern regions.  The company is franchising.

  For more information, contact Deborah Chappell, El Chico Corporation, 12200 Stemmons Freeway, Suite 100, Dallas, TX 75234; 214-888-8158, Fax 888-8198.

 

SWH Corporation trades as Mimi's Cafe at 22 locations in AZ and CA.  The full service family restaurants occupy spaces of 6,500 sq.ft. in freestanding facilities, power centers and regional malls.  Plans call for as many as nine openings in the coming 18 months.  Expansion will take place in the existing markets.  Preferred demographics include a population of 100,000 within three miles.  Leases running 20 years are typical.

  For more information, contact Dani Mayer, SWH Corporation, 17852 East 17th Street #108, Tustin, CA 92680; 714-455-9280, Fax 455-9284.

 

Family Steak Houses of Florida operates 24 locations in FL.  The restaurants occupy spaces of 10,000 sq.ft. in freestanding facilities.  Growth opportunities are sought in the existing market.  Preferred demographics include a population of 50,000 within three miles.  Leases running five years are typical.

  For more information, contact Stan Smith, Family Steak Houses of Florida, 2113 Florida Boulevard, Neptune Beach, FL 32266; 904-249-4197, Fax 249-1466.

 

Spoons Restaurants, Inc. trades as Spoons California Grill at 20 locations in CA.  The restaurants occupy spaces of 5,000 sq.ft. to 6,500 sq.ft. in freestanding facilities, regional malls, power and strip centers.  Growth opportunities are sought in the existing market.

  For more information, contact Mark Seferian, Spoons Restaurants, Inc., 450 Newport Center Drive, Newport Beach, CA 92660; 714-721-8000.

 

Shells Seafood Restaurant, Inc. trades as Shells at 21 locations in FL.  The seafood restaurants occupy spaces of 5,500 sq.ft. to 7,500 sq.ft. in freestanding facilities and regional malls.  Plans call for 12 openings in the coming 18 months.  Expansion will take place in the existing market.

  For more information, contact Daniel Parz, Shells Seafood Restaurant, Inc., 16313 North Dale Mabry, Suite 100, Tampa, FL 33618; 813-961-0944, Fax 960-9059.

 

Grill Concepts does business as Daily Grill at six locations in CA.  The American style grill and bar restaurants occupy spaces of 5,600 sq.ft. in strip centers.  Plans call for two openings in the coming 18 months.  Expansion will take place in Washington, D.C.

  For more information, contact Robert Chais, Grill Concepts, 11661 San Vincente Boulevard, Suite 404, Los Angeles, CA 90049; 310-820-5559, Fax 820-6530.

 

 

Exclusives: Leasing & Management Assignments

 

Randy Iaboni Real Estate Ltd. (416-925-7767) has been appointed the exclusive leasing representative for Laser Quest, the largest independent operator of "Laser-Tag" recreational facilities with 27 locations throughout North America.

 

Divaris Real Estate, Inc. (804-497-2113) recently was named the management agents for Latham Farms Shopping Center in Albany, NY; Pinellas Square Mall in Tampa, FL; Quarry Shopping Center in Chicago, IL and Tower Mall in Portsmouth, VA.  The properties will be managed by Divaris National L.L.C., a newly formed national property management company.

 

Northwest Atlantic (206-462-2061) is the exclusive tenant representative for Price Costco.

 

Matthew P. Casey & Associates (908-938-9890) and Contract Management Consultants (908-233-7192) recent projects include an acquisition study commissioned by Ames Department Stores of 90 Jamesway units subject to liquidation.  Result: Ames purchased ten; a financial and market analysis of Foodarama Supermarkets requested by Nat West Bank for a financing project; the evaluation and sale of the Long Island division of a major supermarket chain; the on-going real estate and development process for the 57-store Harvest Food chain in Arkansas; retail operational evaluations for a major independent supermarket chain in the New York area; leasing and shopping center development consulting for major developers/builders.

 

Prime Locations (214-991-7000) has been awarded the exclusive contract to market the following former Ames Department Stores: a 53,285 sq.ft. site at Skyway Plaza in Caribou, ME; a 48,560 sq.ft. site at Houlton Plaza in Houlton, ME; a 60,692 sq.ft. facility in Presque Isle, ME; a 49,151 sq.ft. site in Skowhegan Village Shopping Center in Skowhegan, ME; a 78,800 sq.ft. facility in Gates, NY; an 80,087 sq.ft. site at Greece Park Mall in Greece, NY; a 69,000 sq.ft. building in Henrietta, NY; a 78,400 sq.ft. site in Niagara Falls and a 45,000 sq.ft. project in Mansfield Shopping Center in Mansfield, PA.  The company has been awarded the exclusive contract to market more than 60 former Color Tile locations nationwide.

 

 

Sources of Financing

 

Manns Capital Corporation (303-499-7100) announces the following shopping center transactions:  $1.35 million to Paul's Realty Trust for an unanchored project in Leominister, MA; $3.3 million for Butterfield Plaza in Benson, AZ; $1.285 million for West Brandon Square in Tampa, FL; $4.1 million for 4500 Cityline in Philadelphia, PA; and $3.65 million for Springs Business Park in Colorado Springs, CO.

 

James Doran Company (800-204-0512) provides capital from $1 million to $25 million for retail development projects on a joint venture basis.  More than $77 million has been placed since 1994.

 

Capital Lease Funding (212-587-7676) provides 1.0 X DSC non-recourse financing for investment grade net lease credit transactions from one million dollars up.  Loans are funded in four to eight weeks through its warehouse facility.  CLF has recently funded loans secured by leases from such investment grade tenants as: Ahold (BiLo, Edward's, Finast, Giant, Tops), Circuit City, Food Lion, Pep Boys, Rite Aid, Tandy and Walgreens.

 

Northland Financial (714-729-1551) recently placed $48 million in financing for Mission Valley Center in San Diego.  The 1.3 million sq.ft. project is anchored by Bullocks, Montgomery Ward and Robinsons-May.

 

 

New Construction

 

The Cofinance Group is developing Newburgh Plaza in Newburgh, NY.  The 158,000 sq.ft. project is located within 1,000 sq.ft. of Newburgh Mall which is anchored by Sears, JC Penney and Caldor.  A United Artist Ten-Plex Theater is located across the street.  Newburgh Plaza will be anchored by a 67,000 sq.ft. supermarket.  An anchor position and in-line space is available for lease.  Trade area demographics include a population of 135,793 earning $51,936 as the average household income.  In addition, the company is also developing retail projects in Flemington and Montville, NJ and Orangeburg, NY.

  For more information, contact Neal Borden of The Cofinance Group at (212-382-2222), Fax (382-2681).

 

Michael Antkies Real Estate is leasing space at Bilden Center in Stamford, CT.  The 78,000 sq.ft. specialty center, which will commence construction late this year, has spaces of 20,865 sq.ft. and 13,034 sq.ft. available for lease.  Also available for lease are pad sites of 20,865 sq.ft. and 13,034 sq.ft.  A multi-level building, up to 78,000 sq.ft., can also be constructed.  The project is located near Stamford Town Center and has a five-mile population of 150,700 earning $92,400 as the average income.  The project is expected to open during late 1997.

  For more information, contact Tom Zuber of Michael Antkies Real Estate at (203-438-9525), Fax (438-7570).

 

ARC Properties, Inc. plans to break ground on Edison Cross Roads in Edison, NJ during early 1997.  The 270,000 sq.ft. power center, which has over 1,200 feet of frontage along Route 1, will be anchored by a 60,000 sq.ft. supermarket, five to seven big box "category killer" tenants and two to three restaurants on outparcels.  Demographics include a five-mile population of 267,665 earning $52,828 as the average household income.  The project is expected to open during late 1997.  The company is also planning to develop South Brunswick Plaza in South Brunswick, NJ.  The 175,000 sq.ft. community center has 1,500 feet of frontage on Route 1.  Demographics include a five-mile population of 93,881 earning $69,984 as the average household income.

  For more information, contact Ed Jaten of ARC Properties, Inc. at (201-345-1900, Ext. 114).

 

Devcon Enterprises, Inc. recently broke ground on Torrington Fair Shopping Center in Torrington, CT.  The 200,000 sq.ft. project is anchored by Wal*Mart, Price Chopper Supermarket and McDonald's.  Approximately 35,000 sq.ft. of space is available for lease.  The company plans to develop Auburn Shopping Center in Auburn, ME.  The 137,000 sq.ft. project is currently leasing space which includes two outparcels.  Demographics include a five-mile population of 60,407 earning $29,076 as the median family income.  The company also plans to develop a 110,000 sq.ft. project in Bristol, CT.  The site will be anchored by a supermarket, a junior anchor and a restaurant.  Demographics include a five-mile population of 107,531 earning $43,552 as the median family income.

  For more information, contact Devcon Enterprises, Inc. at (860-233-2114), Fax (236-8181).

 

Beach Place Partners is currently constructing Beach Place in Fort Lauderdale, FL.  The 100,000 sq.ft. entertainment/retail complex, which also includes a 186-unit resort and 630-space parking garage, will be tenanted by The Gap, Banana Republic, Limited Express, Bath & Body Works and Sunglass Hut in its retail section.  Restaurants leasing space include Max's Grille, Sloppy Joe's, Howl at The Moon, Hooters, Splash Bar & Grill, Lombardi's, Runaway Bay, Coffee Beanery, Haagen Daz and Sweet Factory.  The project is expected to open during the fourth quarter of this year.

  For more information, contact the leasing agent of the project, Retail Estate, Inc. at (305-441-2911).

 

 

Buyers & Sellers of Commercial Properties

 

H. Stephen Kirschner, Inc. represents a national REIT in the market to acquire general partnership or limited partnership interests in portfolios of mixed properties.  Preferred deals are at least $10 million and acquisitions can be structured tax free.  The company represents a pension fund in the market to acquire power centers having GLAs of at least 200,000 sq.ft. and regional malls having GLAs of at least 400,000 sq.ft.  Portfolio deals are preferred as are value added opportunities.  The company has the listing to sell regional and community centers having GLAs ranging from 10,000 sq.ft. to 2 million sq.ft.  The company also has the listing to sell over 24 million sq.ft. of net leased assets.  Both individual and portfolio properties are available with both long and short term leases.

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

 

Kin Properties, Inc. is in the market to acquire single tenant properties nationwide.

  For more information, contact Lee Cherney at (914-683-8080), Fax (683-8088).

 

Tran State International represents buyers of retail properties nationwide.

  For more information, contact Milton Cole at (513-251-9600), Fax (251-9602).

 

Allen Fuller Co. Realtors represents investors in the market to acquire triple net leases of credit tenants nationwide.  Preferred leases have a 15-year minimum term, rental increases and/or a percentage rent clause.  The company has the listing to sell two Winn-Dixie anchored shopping centers in FL.  One project has a GLA of 63,915 sq.ft. and an occupancy rate of 98% and the other has a GLA of 85,185 sq.ft. and an occupancy rate of 95%.  The company also has the listing to sell single tenant net leased properties.

  For more information, contact David Mufson at (305-532-0881), Fax (532-0882).

 

Pyramid Brokerage Company, Inc. has the listing to sell 42 acres of land in Syracuse, NY.  The site is located near Wegmans and Home Depot.  The asking price is $2.7 million.  A JV partner will be considered.  The company also brokered the sale of a 4,200 sq.ft. building in Syracuse, NY to the MacGregor family who plans to open their fourth MacGregor's Grill and Tap Room.

  For more information, contact John Donegan at (315-445-8524), Fax (445-2074).

 

Divaris Real Estate, Inc. brokered the sale of 1.34 acres of land in Virginia Beach, VA.  The site was purchased by Apple South, Inc. who plans to construct a 5,500 sq.ft. Applebee's Neighborhood Bar & Grill restaurant.

  For more information, contact Linda Wilson at (804-497-2113).

 

Space Specialists has the listing to sell River Plaza Shopping Center in Tarrytown, NY.  The 36,000 sq.ft. project is anchored by Grand Union.  The asking price is $3.3 million.

  For more information, contact William Hesse at (914-347-4477), Fax (347-4438).

 

The Cofinance Group is in the market to acquire land for development as well as joint venture opportunities of retail and residential properties.

  For more information, contact Neal Borden at (212-382-2222), Fax (382-2681).

 

Reliance Real Estate Services, Inc. is selling single tenant, net leased properties nationwide.  Projects are leased to national and regional credit tenants having 10 to 22 year lease terms.  Cap rates range from 8.5% to 12%.  Properties are perfect for 1031 tax deferred exchanges.

  For details, contact Michael Houge or Keith Sturm at (612-338-1000), Fax (338-8971).

 

 

Space Place

 

Alabama

 

Birmingham-  An 86,566 sq.ft. former Hechinger's store with a 27,331 sq.ft. yard/expansion area is available for lease.  The site is located adjacent to Bellview Plaza and Westview Mall.

  For details, contact Celia Wing of Hechinger's at (301-341-0264).

 

California

 

Oxnard-  A 4,800 sq.ft. space is available for lease.  In Visalia-  A 7,725 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Santa Fe Springs-  A 114,500 sq.ft. space is available for lease.  In Vallejo-  A 116,805 sq.ft. space is available for lease.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Connecticut

 

Dayville-  A 6,933 sq.ft. space is available for lease.  In Hartford-  A 6,821 sq.ft. space is available for lease.  In Naugatuck-  A 6,720 sq.ft. space is available for lease.  In Norwalk-  A 5,187 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

New Haven-  Broadway at York Square is anchored by Yale University Co-Op.  The 150,000 sq.ft. project has spaces of 850 sq.ft., 2,500 sq.ft., 9,000 sq.ft. and 13,500 sq.ft. available for lease.  The project is seeking upscale urban specialty stores.

  For details, contact Tom Zuber of Michael Antkies Real Estate at (203-438-9525), Fax (438-7570).

 

Torrington-  Torrington Plaza is anchored by T.J. Maxx, Staples and Toy Works.  The 122,000 sq.ft. project has spaces from 2,000 sq.ft. to 9,000 sq.ft. available for lease.  Demographics include a five-mile population of 40,000 earning $43,000 as the average income.

  For details, contact Bob Rechner of Net Properties at (617-247-2200), Fax (266-0885).

 

Florida

 

Fern Park-  A 96,805 sq.ft. space is available for lease.  In Tampa-  A 35,524 sq.ft. space is available for lease at Columbus Plaza.  Also in Tampa-  A 21,067 sq.ft. space is available for lease.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Temple Terrace-  A 21,500 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Georgia

 

Atlanta-  Akers Mill Square is anchored by Sports Authority, Toys 'R Us, OfficeMax and Levitz Furniture.  The 397,776 sq.ft. project has space available for lease.

  For details, contact Mall Properties at (212-935-1330), Fax (832-5369).

 

Madison-  An 8,450 sq.ft. space is available for lease.  In Perry-  A 7,500 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

South Atlanta-  A 15,260 sq.ft. former McCrory's store is available for lease at a project anchored by Kroger, Big B Drugs, MacFrugals, Blockbuster Video, Radio Shack and Burger King.

  For details, contact Michelle Belinfante of Blue Chip Partners, Inc. at (404-266-9145).

 

Idaho

 

Blackfoot-  A 5,000 sq.ft. space and a 45,600 sq.ft. space is available for lease at a project anchored by Albertsons, Payless Drugs and Kings Variety.  In Caldwell-  An 18,000 sq.ft. space is available for lease at a project anchored by Payless Drugs, Taco Bell and Video City.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Illinois

 

Belleville-  A 116,700 sq.ft. project is available for lease.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Cahokia-  An 11,000 sq.ft. space is available for lease.  In Calumet City-  A 10,800 sq.ft. space is available for lease.  In Champaign-  An 8,620 sq.ft. space is available for lease.  In Gibson City-  A 7,500 sq.ft. space is available for lease.  In Sauk Village-  A 9,472 sq.ft. space is available for lease.  In Tinley Park-  A 10,625 sq.ft. space is available for lease.  In Vandalia-  A 9,628 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Highland Park-  A 99,150 sq.ft. freestanding former Kmart is available for lease.  Demographics include a five-mile population of 114,844.  In North Riverside-  An 80,000 sq.ft. freestanding former Kmart is available for lease.  The site is two-levels with 50,000 sq.ft. at street level.  Demographics include a five-mile population of 651,770.  In Tinley Park-  A 126,000 sq.ft. freestanding former Kmart is available for lease.  Demographics include a five-mile population of 177,881.

  For details, contact Klaff Realty, LP at (312-360-1234), Fax (360-0606).

 

Indiana

 

Evansville-  A 108,440 sq.ft. space is available for lease.  In Seymour-  A 22,021 sq.ft. space is available for lease.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Fort Wayne-  Two spaces 7,500 sq.ft. each are available for lease.  In Frankfort-  An 8,125 sq.ft. space is available for lease.  In Greencastle-  A 3,708 sq.ft. space is available for lease.  In Indianapolis-  Spaces of 8,050 sq.ft. and 9,860 sq.ft. are available for lease.  In Jasper-  A 9,000 sq.ft. space is available for lease.  In Richmond-  A 9,060 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Indianapolis-  North Eastwood Shopping Center is anchored by Kroger, Big Lots, Rainbow Shops and Stuarts.  The 185,000 sq.ft. project has space available for lease.  In Merrillville-  Merrillville Plaza is anchored by Toys 'R Us, Kids 'R Us, Discovery Zone, Pier 1, OfficeMax, T.J. Maxx and Dress Barn.  The 215,000 sq.ft. project has space available for lease.

  For details, contact Jamie Sackeim of Acadia Management Company at (800-227-5570), Fax (516-767-8834).

 

Richmond-  A 104,000 sq.ft. freestanding former Kmart is available for lease.  Demographics include a five-mile population of 43,738.

  For details, contact Klaff Realty, LP at (312-360-1234), Fax (360-0606).

 

Kentucky

 

Ashland-  An 81,111 sq.ft. former Ames Department Store and an 84,180 sq.ft. former Kmart are available for lease.  In Glascow-  A 50,820 sq.ft. space is available for lease.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Covington-  A 15,625 sq.ft. space is available for lease.  In Owensboro-  A 10,069 sq.ft. space is available for lease.  In Princeton-  A 7,500 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Louisiana

 

Baton Rouge-  Cortana Mall is anchored by Mervyn's, Sears, J.C. Penney, Service Merchandise, Dillard's and Maison Blanche.  The 1.6 million sq.ft. project has space available for lease.  Also in Baton Rouge-  Cortana Square is anchored by T.J. Maxx, Wal*Mart and Books-A-Million.  The 196,227 sq.ft. project has space available for lease.  Also in Baton Rouge-  Market Place Siegen Lane is anchored by Wal*Mart, Sam's Club and Lowe's.  The one million sq.ft. project has space available for lease.

  For details, contact Mall Properties at (212-935-1330), Fax (832-5369).

 

Maine

 

Bangor-  A 3,200 sq.ft. space is available for lease.  In Biddeford-  An 8,985 sq.ft. space is available for lease.  In Caribou-  A 7,762 sq.ft. space is available for lease.  In Cornish-  A 6,500 sq.ft. space is available for lease.  In Ellsworth-  A 9,060 sq.ft. space is available for lease.  In Farmington-  A 7,150 sq.ft. space is available for lease.  In Gray-  A 7,300 sq.ft. space is available for lease.  In Machias-  An 8,313 sq.ft. space is available for lease.  In Mexico-  A 4,000 sq.ft. space is available for lease.  In Newport-  A 6,250 sq.ft. space is available for lease.  In Old Orchard Beach-  A 9,000 sq.ft. space is available for lease.  In Pittsfield-  A 7,150 sq.ft. space is available for lease.  In Portland-  Spaces of 7,375 sq.ft. and 7,500 sq.ft. are available for lease.  In Presque Island-  Spaces of 5,175 sq.ft. and 7,375 sq.ft. are available for lease.  In Rockland-  An 8,680 sq.ft. space is available for lease.  In Skowhegan-  A 9,460 sq.ft. space is available for lease.  In South Paris-  A 9,700 sq.ft. space is available for lease.  In South Portland-  Spaces of 9,000 sq.ft. and 10,622 sq.ft. are available for lease.  In Waterville-  A 1,950 sq.ft. space is available for lease.  In Westbrook-  An 8,400 sq.ft. space is available for lease.  In Winslow-  A 4,400 sq.ft. space is available for lease.  In Winthrop-  A 7,680 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Maryland

 

Fort Washington-  A 102,400 sq.ft. former Hechinger store at Old Forte Village Shopping Center is available for lease.

  For details, contact Celia Wing of Hechinger's at (301-341-0264).

 

Massachusetts

 

Leominster/Fitchburg-  Watertower Plaza is anchored by Shaw's Supermarket, Caldor and T.J. Maxx.  The 250,000 sq.ft. project has a 3,500 sq.ft. space and spaces from 12,500 sq.ft. to 25,000 sq.ft. available for lease.  The project will be expanded during the Summer.  Demographics include a five-mile population of 87,000 earning $44,000 as the average income.  In Westfield-  Westgate Plaza is anchored by Edwards Super Food Store and T.J. Maxx.  The 101,000 sq.ft. project has spaces from 1,400 sq.ft. to 3,000 sq.ft. as well as a pad site available for lease.

  For details, contact Bob Rechner of Net Properties at (617-247-2200), Fax (266-0885).

 

North Dartmouth-  A 110,685 sq.ft. space is available for lease.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Michigan

 

Bloomfield Hills-  Bloomfield Town Square is anchored by Kmart, Home Quarters, Old Navy, T.J. Maxx, Burlington Coat Factory and Dress Barn.  The 229,000 sq.ft. project has space available for lease.

  For details, contact Jamie Sackeim of Acadia Management Co. at (800-227-5570), Fax (516-767-8834).

 

Grand Rapids-  A one-acre outparcel is available for lease in front of a Home Quarters store fronting 28th Street at Beltline.

  For details, contact Celia Wing of Hechinger's at (301-341-0264).

 

Port Huron-  A 90,100 sq.ft. space is available for lease.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Minnesota

 

Columbia Heights-  Central Plaza is anchored by Only Deals, Frank's Nursery and Crafts and Snyder Drug.  The 125,680 sq.ft. project has spaces of 1,200 sq.ft., 1,600 sq.ft., 1,840 sq.ft., 3,600 sq.ft. and 4,680 sq.ft. available for lease.  Demographics include a five-mile population of 295,000 earning $43,107 as the average family income.  In Crystal-  Crystal Center is anchored by Target, Michael's, Only Deals, Marshalls and Minnesota Fabrics.  The 350,000 sq.ft. project has spaces of 851 sq.ft., 2,000 sq.ft., 2,760 sq.ft. 2,800 sq.ft., 3,200 sq.ft., 3,600 sq.ft. (2), 3,680 sq.ft. and 12,040 sq.ft. as well as basement spaces of 4,800 sq.ft., 9,035 sq.ft. and 10,000 sq.ft. available for lease.  Demographics include a five-mile population of 242,000 earning $40,984 as the average family income.  In Lexington-  Northway Center is anchored by Festival Foods, Ben Franklin Crafts, Hansons Drug and Big Wheel/Rossi Auto Parts.  The 86,253 sq.ft. project has spaces of 1,100 sq.ft., 1,600 sq.ft. and 9,039 sq.ft. available for lease.  In addition, more than eight acres is available for expansion.  In Mendota Heights-  Mendota Plaza is anchored by Old America Store, Snyder Drug and Subway.  The 54,983 sq.ft. project has a 3,850 sq.ft. space and a 13,950 sq.ft. basement space available for lease.  In Mounds View-  Moundsview Square is anchored by Snyder Drug and Minnesota Fabrics.  The 91,175 sq.ft. project has spaces of 900 sq.ft., 2,000 sq.ft., 2,295 sq.ft., 2,678 sq.ft., 5,100 sq.ft., 14,400 sq.ft as well as a 4,000 sq.ft. pad site available for lease.  In St. Paul-  Sibley Plaza is anchored by Chammps Americana Sports Bar & Grill, Jubilee Foods and Tuesday Morning.  The 95,570 sq.ft. project has spaces of 1,645 sq.ft., 3,200 sq.ft. and 4,800 sq.ft. available for lease.  In South St. Paul-  Southview Shopping Center is anchored by Knowlan's Supermarket and Snyder Drugs.  The 55,660 sq.ft. project has spaces of 1,000 sq.ft., 3,000 sq.ft., 3,120 sq.ft., 3,835 sq.ft. and 5,265 sq.ft. available for lease.  In West St. Paul-  Doddway Center is anchored by RC Dick's Foods, Valu-Rite Pharmacy and Domino's Pizza.  The 38,143 sq.ft. project has a 1,400 sq.ft. space available for lease.

  For details, contact Richard Jahnke or Edward Paster of Paster Enterprises at (612-646-7901), Fax (646-1389).

 

Montana

 

Glendive-  West Plaza is anchored by Kmart.  The 96,921 sq.ft. project has space available for lease.

  For details, contact Mall Properties at (212-935-1330), Fax (832-5369).

 

Nevada

 

Las Vegas-  A 54,354 sq.ft. space as well as pad sites of 18,626 sq.ft. (6,500 sq.ft. buildable), 26,000 sq.ft. (5,000 sq.ft. buildable) and 28,837 sq.ft. (6,500 sq.ft. buildable) are available for lease at a project anchored by Albertsons, Payless Drugs, Carl's Jr. and Blockbuster Video.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

New Hampshire

 

Bedford-  Bedford Mall is anchored by Montgomery Ward, Paperama and MVP Sports.  The 253,000 sq.ft. project has spaces from 25,000 sq.ft. to 34,000 sq.ft. available for lease.  Demographics include a five-mile population of 92,000 earning $40,000 as the average income.  In Concord-  Capitol Shopping Center is anchored by DeMoulas MarketBasket and Ames.  The 151,000 sq.ft. project has spaces from 2,500 sq.ft. to 5,000 sq.ft. available for lease.  Demographics include a five-mile population of 37,000 earning $42,000 as the average income.

  For details, contact Bob Rechner of Net Properties at (617-247-2200), Fax (266-0885).

 

Bristol-  A 2,000 sq.ft. space is available for lease.  In Franklin-  A 7,200 sq.ft. space is available for lease.  In Gofftown-  A 7,840 sq.ft. space is available for lease.  In Lancaster-  A 6,840 sq.ft. space is available for lease.  In Ossipee-  A 6,400 sq.ft. space is available for lease.  In Portsmouth-  Spaces of 5,784 sq.ft. and 7,200 sq.ft. are available lease.  In Raymond-  A 7,200 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Manchester-  Approximately 2.68 acres of land is available for lease.  The site is located near the Mall of New Hampshire and a Home Quarters.

  For details, contact Celia Wing of Hechinger's at (301-341-0264).

 

New Jersey

 

Atlantic City-  Renaissance Plaza is anchored by Thriftway, CVS and Family Dollar.  The 70,000 sq.ft. project has space available for lease.  In Ewing-  Suburban Square is anchored by Super Fresh, McCrory's and Eckerd Drugs.  The 110,000 sq.ft. project has space available for lease.  In Marlton-  Marlton Crossing is anchored by Burlington Coat and T.J. Maxx.  The 150,000 sq.ft. project has space available for lease.  In Mays Landing-  Festival at Hamilton is anchored by Acme and JoAnn Fabrics.  The 180,000 sq.ft. project has space available for lease.  In Millville-  Wheaton Plaza is anchored by Acme, Rite Aid and Central Tractor.  The 75,000 sq.ft. project has space available for lease.  In Pennsauken-  Airport Circle Plaza is anchored by Kmart.  The project has space available for lease.  In Princeton- South Brunswick Square is anchored by Grand Union, Rickel and Blockbuster Video.  The 266,000 sq.ft. project has space available for lease.  In Wildwood-  Rio Grande Plaza is anchored by Peebles Department Store, ShopRite, Thrift Drug and Fashion Bug.  The 220,000 sq.ft. project has space available for lease.

  For details, contact Montgomery Group Affiliates at (610-825-7100).

 

Chatham-  Spaces of 800 sq.ft., 1,600 sq.ft. and 2,700 sq.ft. are available for lease at Chatham Mall.  In Chester-  Spaces of 1,280 sq.ft., 6,600 sq.ft. and 10,000 sq.ft. is available for lease at Chester Mall.  In East Hanover-  An 1,100 sq.ft. space is available for lease at Ridgedale Mini Mall.  In Hackettstown-  Spaces from 1,200 sq.ft. to 12,000 sq.ft. are available lease at 80 Main Plaza.  In Ledgewood-  Spaces of 1,200 sq.ft., 1,873 sq.ft. and 3,500 sq.ft. are available for lease at Morris Canal Plaza.

  For details, contact Complete Property Management at (908-879-5106).

 

Denville-  Space is available for lease at Denville Commons Shopping Center.  In Freehold- Raintree Towne Center Shopping Plaza is anchored by SuperFoodtown and CVS.  Outparcels are available for lease.  In Whippany-  Space is available for lease at Pine Plaza Shopping Center.

  For details, contact Professional Consortium at (201-402-0001), Fax (402-9395).

 

Elmwood Park-  Elmwood Park Shopping Center is anchored by Grand Union, Blockbuster Video, Walgreens and Payless Shoes.  The 117,000 sq.ft. project has space available for lease.

  For details, contact Jamie Sackeim of Acadia Management Co. at (800-227-5570), Fax (516-767-8834).

 

Hamilton Twp.-  Whitehorse Plaza Shopping Center is anchored by ShopRite.  The 57,000 sq.ft. project has a 1,500 sq.ft. space available for lease.  In Woodbridge-  Colonia Shopping Center is anchored by Lifestyle Fitness and JoAnn Fabrics.  The 60,000 sq.ft. project has spaces of 4,980 sq.ft. and 15,000 sq.ft. available for lease.

  For details, contact David Rosen of Rosen Associates Management Corp. at (516-822-5350), Fax (433-3821).

 

Hamilton Twp.-  Hamilton Town Center is anchored by a movie theater.  The 100,000 sq.ft. project has space available for lease.  Demographics include a two-mile population of 38,963 earning $41,969 as the average household income.

  For details, contact Donald Dauphin or Gregory Bianchi of US Realty Associates, Inc. at (215-557-9900).

 

Parsippany-  Approximately 18,500 sq.ft. of space is available for lease at a 550,000 sq.ft. project being developed.  The project will be anchored by Kmart, ShopRite, T.J. Maxx, Bradlee's, IHOP and Wendy's.

  For details, contact Mario Dudzinski of Garden Homes Commercial at (201-467-5000), Fax (467-0654).

 

Williamstown-  A 23,373 sq.ft. space is available for lease at Williamstown Shopping Center.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

New York

 

Babylon-  Great South Bay is anchored by Caldor and J.C. Penney.  The 514,746 sq.ft. project has space available for lease.  Also in Babylon-  King Kullen Plaza is anchored by King Kullen and Genovese Drug.  The 77,834 sq.ft. project has space available for lease.  In Colonie-  Northway Mall is anchored by Montgomery Ward, Marshalls, Lechmere, Kids 'R Us and BJ's Wholesale Club.  The 698,456 sq.ft. project has space available for lease.

  For details, contact Mall Properties at (212-935-1330), Fax (832-5369).

 

Babylon-  Sunrise Plaza is anchored by King Kullen, Rock Bottom and Genovese Drugs.  The 250,000 sq.ft. project has spaces from 1,000 sq.ft. to 25,000 sq.ft. available for lease.  The site fronts Sunrise Highway which generates a daily traffic count of 73,212 vehicles.  Demographics include a three-mile population of 136,800 earning $61,738 as the average income.  In New Hartford-  New Hartford Shopping Center is anchored by Ames and Steinbach.  The 392,323 sq.ft. project has spaces from 1,000 sq.ft. to 40,000 sq.ft. available for lease.  The site fronts Routes 8, 5 and 12 which generate a daily traffic count of 55,000 vehicles.  Demographics include a five-mile population of 102,737 earning $31,221 as the average income.

  For details, contact Ted Kraus of TKO Real Estate Advisory Group, Inc. at (609-587-6200), Fax (587-3511).

 

Baldwin-  A 4,000 sq.ft. corner store is available for lease.  In Centereach-  A 12,000 sq.ft. freestanding space is available for lease.  In Oceanside-  A 6,409 sq.ft. space with a 2,300 sq.ft. basement is available for lease.  In Patchogue-  A 20,000 sq.ft. freestanding space is available for lease.  Also in Patchogue-  Spaces of 1,730 sq.ft., 2,536 sq.ft. and 15,000 sq.ft. are available for lease at a 340,000 sq.ft. project anchored by Bob's Stores, Linens 'n Things, Service Merchandise, Marshalls, King Kullen and Michaels Crafts.

  For details, contact Alvin Neuman of Pergament Investments, Inc. at (516-484-8800, Ext. 3344), Fax (484-9170).

 

Bronx-  Concourse Plaza is anchored by Waldbaum's and Thriftway Drugs.  The 430,000 sq.ft. project has space available for lease.  In Levittown-  Caldor Plaza/Nassau Mall is anchored by Caldor, T.J. Maxx, Lord & Taylor and Pathmark.  The 500,000 sq.ft. project has spaces available for lease.  In Riverhead-  East End Commons is anchored by Kmart and BJ's Wholesale Club.  The 184,192 sq.ft. project has an 8,371 sq.ft. space available for lease.  In Suffolk County-  Commack Shopping Center is anchored by Sterns, Waldbaums, Brooks Drugs and Pergament.  The 289,000 sq.ft. project has spaces available for lease.

  For details, contact the Feil Organization at (212-563-6557), Fax (563-6657).

 

Brookhaven-  Space is available for lease at 495 Station Plaza, an 800,000 sq.ft. project that will be developed in two phases.  Phase I, comprising 500,000 sq.ft., is expected to be completed during Fall 1997.  In Oyster Bay-  Carmans Plaza is anchored by Caldor and Grand Union.  The 225,079 sq.ft. project has spaces from 2,000 sq.ft. to 14,000 sq.ft. available for lease.  Demographics include a five-mile population of 335,307 earning $64,367 as the average household income.  In Staten Island-  Amboy Plaza is anchored by A&P Sav-A-Center.  The 74,553 sq.ft. project has spaces from 1,100 sq.ft. to 6,600 sq.ft. available for lease.  Also in Staten Island-  Charleston Retail Center is a proposed project.  Space is available for lease.

  For details, contact Kenneth Breslin of Breslin Realty Development Corp. at (516-741-7400), Fax (741-5621).

 

Clifton Park-  Shopper's World is anchored by Price Chopper, Kmart, Blockbuster Video, Applebee's and Kentucky Fried Chicken. The 250,000 sq.ft. project has in-line space and outlots available for lease.  Also in Clifton Park-  Village Plaza is anchored by Shop-N-Save, Toys 'R Us, Fay's Drugs and Boston Market.  The 200,000 sq.ft. project has in-line spaces and outlots available for lease.  In Glens Falls-  Shop-N-Save Plaza is anchored by Shop-N-Save.  The 100,000 sq.ft. project has in-line spaces available for lease.

  For details, contact Patricia McGrath or David Sussman of Windsor Development Group, Inc. at (518-452-1927), Fax (452-5561).

 

Cortland-  Groton Avenue Center is anchored by Value Home Center, Tops and Fay's Drugs.  The 140,000 sq.ft. project has a 20,000 sq.ft. space available for lease.  In Liverpool-  Lakeshore Drive-in Plaza is anchored by Little Ceasars Pizza.  The 25,600 sq.ft. project has spaces of 1,600 sq.ft., 2,000 sq.ft., 2,400 sq.ft. and 3,600 sq.ft. available for lease.  The project is also approved for a 70,000 sq.ft. expansion on a build-to-suit basis.

  For details, contact Frank Scuderi of Pyramid Brokerage Company, Inc. at (315-445-8528), Fax (445-2074).

 

Kings Park-  Kings Park is anchored by Dan's Supreme Supermarket.  The 72,000 sq.ft. has a spaces up to 25,000 sq.ft. available for lease.  Demographics include a five-mile population of 139,922 earning $77,006 as the average income.  In Riverhead-  Roanoke Plaza is anchored by T.J. Maxx and Revco Drugs.  The 87,000 sq.ft. project has spaces of 4,000 sq.ft. and 15,000 sq.ft. available for lease.  The site is located near Waldbaum's, Toys 'R Us, Kmart and BJ's Wholesale Club.

  For details, contact Kevin O'Shea of Net Properties at (516-466-4300), Fax (466-5942).

 

New Rochelle-  A 100,000+ sq.ft. former Price Club is available for lease.  The site is located near Interchange 16 of I-95.  Demographics include a three-mile population of 148,693 earing $82,689 as the average household income.  In Poughkeepsie-  A 6,444 sq.ft. space is available for lease.

  For details, contact Northwest Atlantic Partners, Inc. at (914-328-2222).

 

Port Washington-  Port Plaza Shopping Center is anchored by Genovese Drug Store and Benjamin Moore Paint.  The 39,000 sq.ft. project has space available for lease.  Also in Port Washington-  Soundview Marketplace is anchored by King Kullen, Pergament Home Center, Cineplex Odeon, Blockbuster Video, Kay Bee Toys and Boston Market.  The 180,000 sq.ft. project has space available for lease.

  For details, contact Jamie Sackeim of Acadia Management Co. at (800-227-5570), Fax (516-767-8834).

 

Queens-  Three 8,700 sq.ft. spaces are available for lease at 30-33 Steinway Street.  The spaces are located at ground level, lower level and upper level.

  For details, contact Marc Durst at (516-766-4444), Fax (766-4520).

 

Rochester-  A 69,923 sq.ft. former Hechinger store with a 25,585 sq.ft. yard/expansion area is available for lease.  The site is located near Marketplace Mall.  Also in Rochester-  A 72,778 sq.ft. former Hechinger store with a 19,720 sq.ft. yard/expansion is available for lease.  The site is located near Irondequoit Mall.

  For details, contact Celia Wing at Hechinger's Stores at (301-341-0264).

 

Scarsdale-  Scarsdale Park Mall is anchored by The Rugged Bear and Gymboree.  The 35,000 sq.ft. project has spaces of 1,800 sq.ft. and 4,800 sq.ft. available for lease.  Demographics include a five-mile population of 265,000 earning $78,000 as the average household income.

  For details, contact William Hesse of Space Specialists at (914-347-4477), Fax (347-4438).

 

North Carolina

 

Cary-  A 70,000 sq.ft. freestanding building is available for lease.  The site is located across from South Hills Mall and near Crossroads Plaza.  In Garner-  An anchor position is available at South Raleigh Retail Center.  In Goldsboro-  A 68,117 sq.ft. anchor building is available for lease at a Wal*Mart anchored project.  In Knightsdale-  Knightsdale Crossing Shopping Center is anchored by Winn-Dixie and Revco.  The project has space available for lease.  In Matthews-  An 8,500 sq.ft. freestanding building will be available for lease beginning April, 1997.  In Raleigh-  An anchor position is available for lease at North Raleigh Retail Center.  In Rocky Mount-  An anchor position is available for lease at Office Depot Shopping Center.

  For details, contact Thomas Mirandi at Win Properties at (212-371-0055), Fax (751-4548).

 

Cary-  Crossroads Plaza Shopping Center is anchored by Toys 'R Us, Service Merchandise and Marshalls.  The 650,000 sq.ft. project has an 86,015 sq.ft. former Hechinger store with a 26,082 yard/expansion area available for lease.  In Charlotte-  An 85,000 sq.ft. former Hechinger store with a 20,000 sq.ft. yard/expansion area is available for lease.  The site is located near Carolina Place Mall and Carolina Pavilion.  In Gastonia-  Northride Center is anchored by Circuit City.  The project has an 82,006 sq.ft. former Hechinger store with a 28,000 sq.ft. yard/expansion area available for lease.  In Greensboro-  A 104,170 sq.ft. former Hechinger store with a 15,300 sq.ft. yard/expansion area is available for lease.  Also in Greensboro-  A 65,340 sq.ft. former Hechinger store is available for lease at Stonesthrow Shopping Center.  In Raleigh-  A 90,219 sq.ft. former Hechinger store with a 27,060 sq.ft. yard/expansion area is available for lease.  In Winston-Salem-  A 104,200 sq.ft. former Hechinger store for an 18,200 sq.ft. yard/expansion area is available for lease.

  For details, contact Celia Wing of Hechinger's at (301-341-0264).

 

Liberty-  A 3,500 sq.ft. space is available for lease.  In Mebane-  A 5,650 sq.ft. space is available for lease.  In Oxford-  Spaces of 1,500 sq.ft. and 7,800 sq.ft. are available for lease.  In Winston-Salem-  A 6,250 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Ohio

 

Cincinnati-  Approximately 11 acres of land is available for lease.  The site is located adjacent to Home Quarters.  In Columbus-  An 89,600 sq.ft. former Hechinger store is available for lease.  Also in Columbus-  A 70,000 sq.ft. former Hechinger store is available for lease.  In Dublin-  A 60,685 sq.ft. former Hechinger store is available for lease.

  For details, contact Celia Wing of Hechinger's at (301-341-0264).

 

Cincinnati-  A 10,000 sq.ft. space is available for lease.  In Columbus-  A 16,160 sq.ft. space is available for lease.  In Dayton-  Spaces of 25,200 sq.ft. and 36,000 sq.ft. are available for lease.  In Dublin-  An 8,450 sq.ft. space is available for lease.  In Hilliard-  A 6,000 sq.ft. space is available for lease.  In Huber Heights- A 7,500 sq.ft. space is available for lease.  In Kettering-  Spaces of 9,096 sq.ft. and 27,839 sq.ft. are available for lease.  In Marietta-  A 10,304 sq.ft. space is available for lease.  In Middletown-  A 10,069 sq.ft. space is available for lease.  In Painesville-  An 8,927 sq.ft. space is available for lease.  In St. Mary's-  An 8,450 sq.ft. space is available for lease.  In Springfield-  A 5,100 sq.ft. space is available for lease.  In Tipp City-  A 7,680 sq.ft. space is available for lease.  In Xenia-  A 9,000 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Maple Heights-  Mapletown is anchored by a supermarket.  Spaces of 950 sq.ft., 1,274 sq.ft. and two spaces of 1,600 sq.ft. each are available for lease.  In Northfield-  Northfield Plaza Shopping Center is anchored by J.C. Penney and Aldi's Grocery.  The 190,000 sq.ft. project has spaces from 1,800 sq.ft. to 18,000 sq.ft. available for lease.  In Parma Heights-  Yorktown Shopping Center is anchored by Alco Furniture.  The 70,000 sq.ft. project has spaces of 2,400 sq.ft., 4,000 sq.ft., 5,000 sq.ft. and 12,500 sq.ft. available for lease.  In Piova-  Miami Valley Mall is anchored by J.C. Penney, Sears and Elder Beerman.  The 185,000 sq.ft. project has spaces from 1,000 sq.ft. to 4,500 sq.ft. available for lease.  In Solon-  Solon Square is anchored by Finast Supermarket and Revco.  The 200,000 sq.ft. project has spaces from 2,600 sq.ft. to 9,600 sq.ft. available for lease.  In Warren-  Warren Plaza is anchored by Giant Eagle.  The 177,380 sq.ft. project has spaces of 2,000 sq.ft., 2,100 sq.ft. and 3,000 sq.ft. available for lease.

  For details, contact Reisenfeld & Company at (216-765-8080), Fax (765-8843).

 

Oregon

 

Grants Pass-  A 1.25 acre parcel of land, buildable to 15,000 sq.ft., is available for lease.  In Medford-  A 120,675 sq.ft. space is available for lease.  In Silverton-  A 67,522 sq.ft. space as well as pad sites of 23,086 sq.ft. and 28,750 sq.ft. are available for lease at a project anchored by Thriftway Foods and Payless Drug.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Pennsylvania

 

Abington-  Atrium Mall is anchored by T.J. Maxx, Circuit City, Super Fresh, Hit or Miss and Payless Shoes.  The 179,000 sq.ft. project has space available for lease.

  For details, contact Jamie Sackeim of Acadia Management Co. at (800-227-5570), Fax (516-767-8834).

 

Allentown-  Trexler Mall is anchored by Giant Market, Bon-Ton and Thrift Drug.  The 270,000 sq.ft. project has space available for lease.  In Bristol-  Bristol Plaza is anchored by J.C. Penney Furniture Outlet and Pathmark.  The 150,000 sq.ft. project has space available for lease.  In Collegeville-  Collegeville Shopping Center is anchored by Acme, Thrift Drug and Annie Sez.  The 110,000 sq.ft. project has space available for lease.  In Exton-  Lionville Shopping Center is anchored by Rite Aid, Clemens Market and Regal Cinemas.  The 100,000 sq.ft. project has space available for lease.  In Frazer-  Lincoln Court is anchored by Thriftway, Thrift Drug and Annie Sez.  The 168,000 sq.ft. project has space available for lease.  In Hazeltown-  Laurel Mall is anchored by J.C. Penney, Boscov's and Kmart.  The 800,000 sq.ft. project has space available for lease.  In Holmes-  MacDade Mall is anchored by Kmart, Acme and Fashion Bug.  The 225,000 sq.ft. project has space available for lease.  In Kutztown-  Lane Plaza is anchored by Weis Supermarket and Thrift Drug.  The 125,000 sq.ft. project has space available for lease.  In King of Prussia-  Chesterbrook Village in anchored by Genuardi Market and Rite Aid.  The 120,000 sq.ft. project has space available for lease.  In Morgantown-  Home Furnishings Factory Outlet is anchored by Pennsylvania House Furniture, Drexel Heritage and Huffman-Koos. The 350,000 sq.ft. project has space available for lease.  In Newtown Square-  Newtown Square Shopping Center is anchored by Acme, Dress Barn and Thrift Drug.  The 140,000 sq.ft. project has space available for lease.  In Philadelphia-  Presidential Plaza is anchored by Super Fresh and Thrift Drug.  The 128,000 sq.ft. project has space available for lease.  In Quakertown-  Trainers Corner is anchored by Acme, Kmart and Rite Aid.  The 160,000 sq.ft. project has space available for lease.  In Sharon Hill-  Sharon Hill Shopping Center is anchored by Acme, Rite Aid and Dollar Express.  The 93,000 sq.ft. project has space available for lease.  In Soudertown-  County Line Shopping Center is anchored by Clemens, Ames and Rite Aid.  The 160,000 sq.ft. project has space available for lease.  In Woodlyn-  Woodlyn Shopping Center is anchored by Blockbuster Video and Thrift Drug.  The 112,000 sq.ft. project has space available for lease.

  For details, contact Montgomery Group Affiliates at (610-825-7100).

 

Burnham-  A 1,750 sq.ft. space is available for lease.  In Erie-  An 8,737 sq.ft. space is available for lease.  In Lewisburg-  A 5,660 sq.ft. space is available for lease.  In Pottsville-  A 4,680 sq.ft. space is available for lease.  In Waynesboro-  A 3,909 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Philadelphia-  Adams Run Shopping Plaza at East Oak Lane is anchored by Super Fresh Supermarket.  The 95,000 sq.ft. project has space available for lease.  Also in Philadelphia-  Space is available for lease at a 250,000 sq.ft. project located adjacent to Drexel University and the University of Pennsylvania.

  For details, contact Donald Dauphin or Gregory Bianchi of U.S. Realty Associates, Inc. at (215-557-9900).

 

Quakertown-  Approximately 5,15 acres of land is available for lease on Rt. 309.

  For details, contact Celia Wing of Hechinger's at (301-341-0264).

 

Williamsport-  Giant Plaza is anchored by Giant Supermarket, Staples, Revco Drug and JoAnn Fabrics.  The 135,000 sq.ft. project has spaces of 3,200 sq.ft., 4,000 sq.ft. and 5,000 sq.ft., as well as up to 40,000 sq.ft. in future expansion opportunities, available for lease.

  For details, contact Howard Dean of DY-CO Management Corp. at (914-631-3000).

 

Rhode Island

 

Pawtucket-  An 8,200 sq.ft. space is available for lease.  In Providence-  Two spaces running 6,720 sq.ft. each are available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Woonsocket-  Walnut Hill Plaza is anchored by Sears, Shaw's Market, CVS and Fashion Bug.  The 296,000 sq.ft. project has space available for lease.

  For details, contact Jamie Sackeim of Acadia Management Co. at (800-227-5570), Fax (516-767-8834).

 

South Carolina

 

Charleston-  An 8,450 sq.ft. space is available for lease.  In Cheraw-  A 6,600 sq.ft. space is available for lease.  In North Charleston-  A 9,100 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Charleston-  An 85,000 sq.ft. former Hechinger store with a 32,846 sq.ft. yard/expansion area is available for lease.  The site is located adjacent to the 800,000 sq.ft. Northwoods Mall.  In Columbia-  An 86,180 sq.ft. former Hechinger store with a 31,635 sq.ft. yard/expansion area is available for lease.  Also in Columbia-  An 80,000 sq.ft. former Hechinger store with a 14,000 sq.ft. yard/expansion area is available for lease at Landmark Square.

  For details, contact Celia Wing of Hechinger's at (301-341-0264).

 

Sumter-  An 8,500 sq.ft. freestanding building is available for lease beginning in October.

  For details, contact Win Properties, Inc. at (212-371-0055), Fax 751-4548).

 

Tennessee

 

Athens-  A 10,069 sq.ft. space is available for lease.  In Kingsport-  An 8,750 sq.ft. space is available for lease.  In Knoxville-  A 10,500 sq.ft. space is available for lease.  In Oak Ridge-  A 3,001 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Texas

 

Del Rio-  A 20,420 sq.ft. space is available for lease.  In Eagle Pass-  A 9,000 sq.ft. space is available for lease.  In Irving-  An 11,000 sq.ft. space is available for lease.  In Laredo-  A 25,000 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Utah

 

Layton-  Pad sites of 21,300 sq.ft. (buildable to 5,000 sq.ft.) and 35,700 sq.ft. (buildable to 7,600 sq.ft.) are available for lease at a project anchored by Albertsons, Payless Drug and Hollywood Video.  In Salt Lake City-  A 15,625 sq.ft. pad site, buildable to 5,000 sq.ft. is available for lease at a project anchored by Albertsons and Payless Drugs.

  For details, contact Mary Ann Savarese of RD Management at (212-265-6600), Fax (459-9133).

 

Virginia

 

Alexandria-  Huntington Station is anchored by Yates Auto Parts, Wonder Bread Thrift, Best Kept Secrets and a U.S. Post Office.  The 47,507 sq.ft. project has spaces of 962 sq.ft., 1,644 sq.ft., 2,045 sq.ft. and 3,340 sq.ft. available for lease.  The site is located across from a Washington, D.C. Metro subway stop.  Also in Alexandria-  Mt. Vernon Avenue has a 45,836 sq.ft. build-to-suit space available.  Demographics include a five-mile population of 447,808 earning $70,765 as the average family income.  In Arlington-  Dominion Hills is anchored by McDonald's.  The 20,000 sq.ft. project has spaces of 960 sq.ft., 1,275 sq.ft. and 4,190 sq.ft. available for lease.  The site is located near a Metro bus stop.  Also in Arlington-  Glebe Lee is anchored by Rite Aid and Spa Lady.  The 39,141 sq.ft. project has a 7,321 sq.ft. space available for lease.  Demographics include a five-mile population of 501,840 earning $103,071 as the average family income.  Also in Arlington-  Lee Centre has a 600 sq.ft. space available for lease.  In Centreville-  Centreville Square is anchored by Shoppers Food Warehouse, Drug Emporium, Crown Books, Lone Star Steakhouse, Ruby Tuesday and McDonald's.  The 315,306 sq.ft. project has spaces of 4,200 sq.ft., 7,500 sq.ft., 7,814 sq.ft., 9,111 sq.ft. and 9,749 sq.ft. available for lease.  In Fairfax-  Fairfax Centre I is anchored by Chili's and Offenbacher Pool & Patio.  The 80,659 sq.ft. project has spaces of 1,789 sq.ft., 1,950 sq.ft., 3,000 sq.ft. and 12,259 sq.ft. available for lease.  Also in Fairfax-  Fairfax Centre II has spaces of 1,200 sq.ft., 2,400 sq.ft., 5,000 sq.ft. and 10,000 sq.ft. available for lease.  Also in Fairfax-  Jermantown Square is anchored by 7-11.  The 34,844 sq.ft. project has spaces of 1,260 sq.ft. and 2,521 sq.ft. available for lease.  In Fairfax Station-  Fairfax Station Square is anchored by Crown Books, Trak Auto and Hair Cuttery.  The 93,159 sq.ft. project has spaces of 2,251 sq.ft., 2,499 sq.ft. and 6,767 sq.ft. available for lease.  In Herndon-  Herndon Centre is anchored by Kmart, Fashion Bug and Lone Star Steakhouse.  The 224,817 sq.ft. project has spaces of 2,015 sq.ft., 2,500 sq.ft., 4,018 sq.ft. and 6,664 sq.ft. available for lease.  In Springfield-  Commerce Plaza is anchored by Waterbedland, Crown Carpet, Capital Bagels and a supermarket.  The 31,722 sq.ft. project has a 2,000 sq.ft. space and a 2,335 sq.ft. space available for lease.  Also in Springfield-  Springfield Plaza II is anchored by Kmart, Chili's and Dress Barn.  The 70,000 sq.ft. project has a 2,395 sq.ft. end-cap space available for lease.  In Woodbridge-  Prince William Plaza II is anchored by Popeye's.  The 56,749 sq.ft. project has spaces of 1,965 sq.ft., 3,982 sq.ft., 4,999 sq.ft. and 5,130 sq.ft. available for lease.

  For details, contact A.J. Dwoskin & Associates, Inc. at (703-273-9320), Fax (273-5045).

 

Lake Ridge-  Festival at Old Bridge is anchored by Weis Markets, Blockbuster Video, Hit or Miss and Stride Rite Shoes.  An anchor position and in-line spaces are available for lease.  In Richmond-  Olde Town Center is anchored by Stein Mart, Old Country Buffet and Mozarella's.  The 92,000 sq.ft. project has in-line space available for lease.  In Roanoke-  An 8,500 sq.ft. freestanding building is available for lease or for sale.  In Stephens City-  Food Lion Shopping Center has an anchor position and outparcels available for lease.

  For details, contact Win Properties, Inc. at (212-371-0055), Fax (751-4548).

 

Dale City-  Approximately 5.3 acres of land is available for lease adjacent to a Hechinger store.  In Harrisonburg-  Skyline Village Plaza is anchored by Staples and Circuit City.  A 10,000 sq.ft. former Hechinger store is available for lease.  In Richmond-  Approximately 10.4 acres of land is available for lease.  Also in Richmond-  A 45,000 sq.ft. former Sportstown store is available for lease at Midlothian Crossing Shopping Center.  Also in Richmond-  A 45,000 sq.ft. former Sportstown store is available for lease at Merchants Walk Shopping Center.  Also in Richmond-  An 80,000 sq.ft. former Hechinger store is available for lease at Meadowdale Shopping Center.

  For details, contact Celia Wing of Hechinger's Stores at (301-341-0264).

 

Emporia-  A 1,682 sq.ft. space is available for lease.  In Martinsville-  A 9,800 sq.ft. space is available for lease.  In Pulaski-  An 8,640 sq.ft. space is available for lease.  In Roanoke-  Spaces of 6,750 sq.ft. and 8,640 sq.ft. are available for lease.  In Vinton-  An 8,640 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Hampton-  Coliseum Mall is anchored by Montgomery Ward, Proffitt's, J.C. Penney and Hecht's.  The 1.1 million sq.ft. project has space available for lease.  Also in Hampton-  Mercury Plaza is anchored by Burlington Coat Factory, Circuit City, Home Quarters and Farm Fresh.  The 325,933 sq.ft. project has space available for lease.

  For details, contact Mall Properties at (212-935-1330), Fax (832-5369).

 

Vermont

 

Rutland-  Rutland Plaza is anchored by Price Chopper, T.J. Maxx and Wal*Mart.  The 22,000 sq.ft. project has spaces from 2,500 sq.ft. to 8,000 sq.ft. available for lease.

  For details, contact Bob Rechner of Net Properties at (617-247-2200), Fax (266-0885).

 

Washington

 

Olympia-  A 4,600 sq.ft. space is available for lease.  In Tacoma-  An 8,750 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

West Virginia

 

Beckley-  An 8,450 sq.ft. space is available for lease.  In Charles Town-  An 8,450 sq.ft. space is available for lease.  In Morgantown-  A 2,640 sq.ft. space is available for lease.  In Oak Hill-  A 10,069 sq.ft. space is available for lease.  In Point Pleasant-  A 16,000 sq.ft. space is available for lease.  In Teays Valley-  A 10,069 sq.ft. space is available for lease.

  For details, contact Jim Matthews of Prime Locations at (214-991-7000).

 

Wisconsin

 

Neenah-  Fox Point Plaza is anchored by Pick 'N Save Supermarket and Dunhams Sporting Goods.  The 176,000 sq.ft. project has space available for lease.

  For details, contact Jamie Sackeim of Acadia Management Co. at (800-227-5570), Fax (516-767-8834).

 

 

Lead Sheet

 

Lube Pro's 10-Minute Oil Change

Phil Robinson

1630 Colonial Parkway

Inverness, IL 60067

708-776-2500, Fax 776-2542

 

Automotive

The 37-unit chain operates locations in IL, MN, TN and WI.  The units, offering quick oil and lube service, occupy spaces of 1,800 sq.ft. in freestanding facilities, power and strip centers.  Plans call for as many as nine openings in the coming 18 months.  Expansion will take place in the existing markets.  The company is franchising.

 

Ashland Oil, Inc.

dba Valvoline Instant Oil Change

Casey Brusch

PO Box 14046

Lexington, KY 40512

800-622-6846, Fax 264-7049

 

Automotive

The 460-unit chain operates locations nationwide.  The units, offering oil changes and lube services, occupy spaces of 1,500 sq.ft. in freestanding facilities and pad sites.  Plans call for 60 openings in the coming 18 months.  Expansion will take place in the Midwestern, Northeastern, Southeastern and Western regions.

 

The Book Market, Inc.

dba Book Market

John Raines

5915 Casey Drive

Knoxville, TN 37909

423-558-8187, Ext. 30, Fax 558-6249

 

Books

The 50-unit chain operates locations nationwide.  The temporary book stores occupy spaces of 7,000 sq.ft. to 30,000 sq.ft. in freestanding facilities, regional malls and strip centers.  Plans call for 70 openings in the coming 18 months.  Expansion will take place nationwide.  Leases running two to three months, with month-to-month options, are typical.

 

Foozles, Inc. & National Book Warehouse

dba Foozles, An Extraordinary Bookstore & Book Warehouse

David Hinkle

5915 Casey Drive

Knoxville, TN 37909

423-558-8187, Ext. 29, Fax 558-6240

 

Books

Foozles operates five units in MA, PA, TN, TX and WA, while National Book Warehouse operates 91 units nationwide.  The stores sell a merchandise mix consisting of books, magazines, stationary items, computer software, games, puzzles, calendars and books on cassette.  Foozles units occupy spaces of 10,000 sq.ft. to 25,000 sq.ft. in freestanding facilities and strip centers.  Preferred co-tenants include Bed Bath & Beyond, Old Navy, Saks Off 5th concept and other category killers.  Plans call for as many 12 openings in the coming 18 months.  Expansion will take place nationwide.  Leases running 10 years, with three five-year options, are typical.  Book Warehouse units occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in manufacturer outlet centers.  Preferred co-tenants include Polo, Speigel and Liz Claiborne.  Plans call for as many as 15 openings in the coming 18 months.  Expansion will take place nationwide.  Leases running five years with options are typical.

 

Kohl's Department Stores

Pat Perry

N 54 West 136000 Woodale Drive

Menonmonee Falls, WI 53051

414-783-5800, Fax 783-6501

 

Department Store

The 128-unit chain operates locations in WI, IL, MI, MN, IN, OH, PA, ND, SD, KY and IA.  The discount department stores occupy spaces of 80,000 sq.ft. to 100,000 sq.ft. in freestanding facilities, regional malls and strip centers.  plans call for as many as 35 openings in the coming 18 months.  Expansion will take place in the Midwestern and Southern regions.

 

Gramex Corp.

dba Grandpa's

Rick Meyer

11966 St. Charles Rock Road

Bridgeton, MO 63044

314-739-8300, Fax 739-4722

 

Discount

The 13-unit chain operates locations in IL and MO.  The stores, selling family apparel, sporting goods, hard goods, supermarket non-perishable items, home decor items, jewelry, shoes and health and beauty aids, occupy spaces of 80,000 sq.ft. to 90,000 sq.ft. in freestanding facilities, power and strip centers.  Growth opportunities are sought in IL and MI.

 

U.S. Factory Outlets, Inc.

dba U.S. Factory Outlets

Frederic Raiff

Seven Penn Plaza

New York, NY 10001

212-563-3650, Fax 967-9872

 

Discount

The 24-unit chain operates locations nationwide.  The discount stores, selling general merchandise, apparel and closeouts at bargain prices, occupy spaces of 36,000 sq.ft. to 52,000 sq.ft. in regional malls, power and strip centers.  Growth opportunities are sought nationwide.

 

CVS

dba CVS Pharmacy

Dennis McMullen

One CVS Drive

Woonsocket, RI 02895

401-765-1500, Fax 769-6593

 

Drug Store

The 1,375-unit chain operates locations in CT, ME, NH, VT, MA, RI, NJ, NY, PA, MD, VA and Washington, D.C.  The drug stores occupy spaces of 8,000 sq.ft. to 11,000 sq.ft. in freestanding facilities.  Plans call for as many as 150 openings in the coming 18 months.  Expansion will take place in the existing markets.  Preferred demographics include a population of 18,000 within one mile.

 

The Container Store, Inc.

dba The Container Store

John Mullen

2000 Valwood Parkway

Dallas, TX 75234

214-654-2000, Fax 654-2004

 

Home Decor

The 15-unit chain operates locations in GA, IL, MD, TX and VA.  The stores, selling all types of home and office organization products including storage and multi-use items, occupy spaces of 23,000 sq.ft. in freestanding facilities and end caps of strip centers.  Plans call for three openings in the coming 18 months.  Expansion will take place within the existing markets or in CA.

 

United Equities

dba Garden Ridge

Buster Freedman

6909 Ashcroft/ Suite 200

Houston, TX 77081

713-772-6262, Fax 981-4035

 

Home Decor

The 15-unit chain operates locations in FL, KY, NC, OK, TN and TX.  The home decor stores, selling decorative home accessories, seasonal products and crafts, occupy spaces of 140,000 sq.ft. in freestanding facilities and value centers.  Plans call for 12 openings in the coming 18 months.  Expansion will take place in the Southeastern region.  Leases running 15 to 20 years are typical.

 

Hechinger's Co.

dba Home Quarters

Celia Wing

3500 Pennsy Drive

Landover, MD 20785

301-341-0926, Fax 341-0973

 

Home Improvement

The 54-unit chain operates locations AL, AR, VA, NC, SC, GA, MS, TN, KY, IL, IN, OH, KS, MI, MO and NY.  The home improvement stores occupy spaces of 70,000 sq.ft. to 90,000 sq.ft. in freestanding facilities and strip centers.  Growth opportunities are sought in the existing markets.

 

Peppermint Records

dba Peppermint Music

Justice Wade

881 Memorial Drive SE

Atlanta, GA 30316

404-223-0144, Fax 223-0144, Ext. 237

 

Music

The 28-unit chain operates locations in AL, GA, LA, MS and NC.  The music stores occupy spaces of 1,500 sq.ft. to 3,500 sq.ft. in power centers and regional malls.  Growth opportunities are sought in the existing markets as well as SC.

 

Shoe City

Bob Pratt

123 Washington Boulevard

Marina Del Rey, CA 90292

310-577-1414, Fax 577-1415

 

Shoes

The 25-unit chain operates locations in CA.  The stores, selling athletic shoes and apparel, occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in freestanding facilities and power centers.  Plans call for 10 openings in the coming 18 months.  Expansion will take place in CA and NV.

 

Anime Crash

Joseph Delligatti

c/o JW Burke & Company

350 Lexington Avenue

New York, NY 10016

212-682-4300, Fax 682-9828

 

Specialty

The company operates one store in NY.  The store, specializing in Japanese animation merchandise, occupies a 1,500 sq.ft. space in a downtown store front.  Preferred co-tenants include Disney, Warner and Tower Records.  Plans call for three openings in the coming 18 months.  Expansion will take place in CT, MA and NY.  Preferred demographics include a population of 100,000 within three miles earning at least $50,000 as the average income.  Leases running 15 years are typical and the company prefers a vanilla shell.

 

Baccarat Crystal

Richard Garrity

36 Mayfield Avenue

Edison, NJ 08837

908-225-9600, Fax 225-1336

 

Specialty

The two-unit chain operates locations in CO and VT.  The stores, selling crystal, occupy spaces of 1,600 sq.ft. to 2,100 sq.ft. in outlet centers.  Growth opportunities are sought in the existing markets.

 

EZcorp, Inc.

dba EZpawn

Barbara Lampley

1901 Capital Parkway

Austin, TX 78746

512-314-3456, Fax 314-3403

 

Specialty

The 239-unit chain operates locations in AL, AR, CO, GA, IN, MS, OK, TX, TN, LA and FL.  The pawn shops occupy spaces of 4,500 sq.ft. to 8,500 sq.ft. in freestanding facilities and strip centers.  Plans call for 50 openings in the coming 18 months.  Expansion will take place in the existing markets.

 

Busy Body, Inc.

dba Busy Body, Fitness Warehouse

Michelle Nordmeyer

4540 Beltway Drive

Dallas, TX 75244

214-960-9212, Fax 960-7577

 

Sporting Goods

The 52-unit chain operates locations in CA, GA, IL, IN, MD, MO, TX, VA and Washington, D.C.  The stores, selling sporting and fitness equipment, occupy spaces of 4,500 sq.ft. in strip centers located near power centers.  Growth opportunities are sought in the existing markets.

 

 

Lease Signings

 

Pfeil & Company (518-581-8280) leased 1,600 sq.ft. to Olan Mills, Inc. at The Crossing in Clifton Park and Halfmoon, NY.

 

Divaris Real Estate (804-497-2113) leased 1,500 sq.ft. to Lowell's Subs at Westgate Square Shopping Center in Dinwiddie County, VA.

 

Randy Iaboni Real Estate Ltd. (416-925-7767) leased the following spaces to Laser Quest: 8,265 sq.ft. in Memphis, TN; 9,227 sq.ft. in Houston, TX; 10,565 sq.ft. in Mountain View, CA; 8,100 sq.ft. in Knoxville, TN and 10,084 sq.ft. in Wichita, KS.

 

Windsor Development Group, Inc. (518-452-1927) leased one acre of land to State Employees Federal Credit Union; 2,486 sq.ft. to NFT Travel, 1,560 sq.ft. to Security Pacific Financial Services, 3,482 sq.ft. to Mangia Pizza and Pasta, Inc. and 7,000 sq.ft. to Dragon Chinese Buffet at Shoppers World in Clifton Park, NY and 5,338 sq.ft. to Video World at Shop 'n Save Plaza in Glens Falls, NY.

 

Alba Consulting Corp. (813-443-0718) leased 800 sq.ft. to The Dollar Store, 850 sq.ft. to Ultimate Nails, 1,200 sq.ft. to 29/49 Optical and 4,500 sq.ft. to Red Rabbit Video at Skyway Plaza in St. Petersburg, FL; 825 sq.ft. to Gift Baskets To Go and 825 sq.ft. to William's Jewelry at Independence Square in Dunedin, FL; 960 sq.ft. to Gift Baskets and More at Largo Oaks in Largo, FL; and 945 sq.ft. to Sister Act Hair Salon at Columbia Plaza in Clearwater, FL.

 

Garrick-Aug Store Leasing Associates, Inc. (212-557-9090) leased 2,500 sq.ft. to Via Spiga at 765 Madison Avenue in New York, NY.

 

Great American Brokerage (212-557-7272) leased space to HearX at Harmon Meadow Plaza in Secaucus, NJ.

 

Linda Crowley & Associates, Inc. (714-857-7940) leased 1,200 sq.ft. to Weight Watchers of San Diego and the Inland Empire, Inc. at NBC 70th & University Shopping Center in La Mesa, CA and 20,000 sq.ft. to Michael's Arts & Crafts in La Verne, CA.

 

Kranzco Realty Trust (610-941-9292) leased 20,700 sq.ft. to Consolidated Stores Corp. for an Odd Lots/Big Lot store at Marumsco-Jefferson Plaza in Woodbridge, VA; 30,000 sq.ft. to Consolidated Stores for an Odd Lots/Big Lot store at Bradford Mall in Bradford, PA; 3,000 sq.ft. to H&R Block at State Road Plaza in Bensalem, PA and 1,800 sq.ft. to General Nutrition Corp. at Groton Square in Groton, CT.