Issue 28 for the week of August 14, 1996

The Dealmakers Issue Number 28 for the week of August 14, 1996.

Movie Theaters Seeking Sites

Standard Theaters operates 42 screens at five locations in CA, HI, NV and OH. The movie theaters occupy spaces of 8,000 sq.ft. to 35,000 sq.ft. in downtown store fronts, regional malls and strip centers. Plans call for 12 openings in the coming 18 months. Expansion will take place nationwide. The company, which prefers to take over existing operations, typically signs leases running 20 years with five options running five years each.

For more information, contact John Thomas, Standard Theaters, 6151 West Central Boulevard #300, Los Angeles, CA 90045-5314; 310-410-2300, Fax 410-2919.

B&B Movie Company trades as B&B Theatres at 27 locations in KS, MO and OK. The movie theaters occupy spaces of 12,000 sq.ft. to 22,000 sq.ft. in freestanding facilities and regional malls. Plans call for two openings in the coming 18 months. Expansion will take place in KS and MO. Preferred demographics include a population of 40,000 within 20 miles. Leases running 10 years are typical.

For more information, contact Robert Bagby, B&B Movie Company, 114 West Second Street, Salisbury, MO 65281; 816-388-5219, Fax 388-5776.

Consolidated Theatres operates seven locations in AZ, CO and UT. The movie theaters occupy spaces of 30,000 sq.ft. to 39,000 sq.ft. in freestanding facilities, regional malls, power and strip centers. The company prefers to locate near large retail developments. Plans call for six openings in the coming 18 months. Expansion will take place west of the Mississippi River.

For more information, contact Frank Meogrossi, Consolidated Theatres, 3627 South Fundy Way, Aurora, CO 80013; 303-693-0242, Fax 693-6064.

United Artists Theaters Circuit operates 2,385 screens at 414 locations nationwide. The movie theaters occupy spaces of 35,000 sq.ft. to 80,000 sq.ft. in a variety of real estate settings. Plans call for the addition of 150 screens within the coming 18 months. Expansion will take place nationwide.

For more information, contact Allen Hollis, United Artists Theaters Circuit, 9110 West Nichols Avenue, Suite 200, Englewood, CO 80112; 303-792-8255, Fax 792-8811.

Crown Cinema Corporation operates 50 locations in KS, MO and OH. The movie theaters occupy spaces of 23,000 sq.ft. in freestanding facilities and regional malls. Plans call for one opening in the coming 18 months. Expansion will take place in KS.

For more information, contact Richard Durwood, Crown Cinema Corporation, 406 East 34th Street, Suite 623, Kansas City, MO 64111; 816-753-2355, Fax 931-6021.

Cineplex Odeon Corp. trades as Cineplex Odeon at 323 locations nationwide. The movie theaters occupy spaces of 40,000 sq.ft. to 70,000 sq.ft. in freestanding facilities, regional malls, power and strip centers. Plans call for the addition of 500 screens in the coming two years. Expansion will take place in major urban centers nationwide.

For more information, contact Joel Kwinter, Cineplex Odeon Corp., 1303 Yonge Street, Toronto, Ontario, CN M4T 2Y9; 416-323-6600, Fax 323-6633.

Buyers & Sellers of Commercial Properties

Hannaford Bros. Co. is selling a 32,900 sq.ft. strip center in Dover, NH. The project is anchored by Rite Aid and Family Dollar. Offers over $1.5 million will be considered. The company is selling a 28,800 sq.ft. strip center in South Paris, ME. Tenants include Family Dollar, U-Can-Rent, a hair salon and a laundromat. A 10,000 sq.ft. Rite Aid is on an abutting outparcel. Offers over $1.25 million will be considered. Additionally, the company is selling land and outparcels in ME, SC, NH, NY, NC, VA and VT.

For more information, contact the real estate department at (207-885-2533), Fax (885-2042).

United Dominion Realty Trust, Inc. recently sold the 203,000 sq.ft. Circle Shopping Center in Richmond, VA to Circle Realty L.L.C. for $2.4 million.

For more information, contact United Dominion Realty Trust at (804-780-2691).

United Municipal Leasing Corp. has the listing to sell a Firestone long term lease on the East Coast. The cap rate is currently 9% going up to 11.98% over the lease term. The asking price is $1.063 million. The company also has the listing to sell a Jiffy Lube long term lease on the East Coast. The cap rate is currently 9% going up to 10.83% over the lease term. The asking price is $876,000.

For more information, contact Arnold Kramer at (312-332-5651, Ext. 88).

Pathmark Development Group has the listing to sell two shopping centers. One project is located in South Kansas City, MO and encompasses a GLA of 39,504 sq.ft., while the other center is located in Casper, WY and has a GLA of 150,382 sq.ft.

For more information, contact Stephanie Elyachar at (913-345-0535).

United Commercial Realty has the listing to sell Palm Plaza Shopping Center in Weslaco, TX. The project consists of 175,816 sq.ft. and is located at the intersection of Highway 83 and Texas Boulevard. The asking price is $4.35 million. The company also is looking to pre-buy, issue takeouts, build-to-suits or joint ventures with credit tenants.

For more information, contact Joe Gluckman at (210-822-5000), Fax (210-826-8282).

Who's Opening and Where...

Starbucks Corp. (206-447-1575) plans to open a store at Charlotte Plaza in Charlotte, NC; a store in Elizabeth, NC and a store in Claremont, CA next month.

Hang Town Grill (512-476-8696) plans to open restaurants at Great Hills Market and Village at Westlake in Austin, TX next month and during October, respectively.

J.C. Penney (214-431-1000) recently opened seven stores in the Baltimore, MD-Washington, D.C. area. The stores were former Woodward & Lothrop locations that J.C. Penney purchased. With the opening of the units, the company becomes the number two retailer in the market with 23 stores. The company also recently opened a store at Ontario Mills in Ontario, CA. The Mills Corp., which is developing the 1.7 million sq.ft. project, agreed to allow J.C. Penney to open early. The rest of the mall is scheduled to open during November.

Burger King Corp. (305-378-3243) plans to open as many as 200 corporate and franchised restaurants in Japan as part of its recent agreement with Japan Tobacco, Inc.

Barnes & Noble (212-633-3300) recently opened a 25,000 sq.ft. bookstore at North Jantzen Beach Center in Portland, OR.

The Great American BackRub Store (212-750-7046) recently opened a store at 71st and Broadway in Manhattan, NY. The company currently operates 10 stores in the New York City area.

Borders, Inc. (313-913-1323) plans to open a 26,545 sq.ft. Borders Bookstore in Omaha, NE later this year and a 34,000 sq.ft. bookstore in Birmingham, MI during Spring 1997.

50-Off Stores, Inc. (210-805-9300) recently opened Lot$off stores in Oklahoma City, Tulsa and Lawton, OK as well as in Dallas, Fort Worth, Arlington, Irving, Haltom City, Garland and Carrollton, TX. The new concept, which focuses on closeout merchandise, opened at former 50-Off stores, which had an off-price retailing concept. The company is in the process of shifting its retailing focus from off-price to closeout. The company currently operates 13 Lot$off stores and 87 50-Off stores.

A&W Restaurants (313-462-0029) recently signed an agreement with Beta Master, Ltd. to open 40 A&W Restaurants in Northern China over the next 10 years.

Roosevelt Field (516-742-8000), a regional mall in Garden City, NY, announces that a 12,000 sq.ft. FAO Schwarz toy store will open during October and a 225,000 sq.ft. Nordstrom's will open during August 1997. Also opening at the mall will be Talbots, Jessica McClintock, Polo, A/X Armani Exchange and MAC Cosmetics.

Lands' End (800-332-0117) recently opened its first "inlet" store in Richfield, MN. The test store will offer, in addition to traditional discounted merchandise, the option of buying some selected new catalog merchandise on-site. The company is planning to convert all of its "outlet" stores into inlet stores.

Modell's Sporting Goods (718-956-8600) plans to open 15 stores, many former sites of Herman's Sporting Goods, from NJ to VA this year and as many as 10 stores annually during the next five years.

Just For Feet, Inc. (205-987-3450) recently opened stores in Tulsa, OK; Las Vegas, NV; Tucson, AZ; Dallas, TX; Chattanooga, TN and Minneapolis, MN. Three more store openings are planned for the company's second quarter.

Eckerd Drugs (813-399-6355) plans to replace its store at Village Square Shopping Center in Rock Hill, SC with an 11,200 sq.ft. store a few blocks away. The new store is expected to open during early 1997.

Kinetix (216-490-2602) recently opened a 35,000 sq.ft. sporting goods store next to Carolina Place Mall in Pineville, NC. The company is also planning to open stores in Cary, NC and Chesapeake, VA during the Fall.

Magic Cinemas, L.L.C. (201-535-1227) plans to open a 12-screen movie complex at The Town Center Plaza in East Windsor, NJ during early 1997. The company also plans to open a 12-screen movie theater in Lower Nazareth, PA during the Fall.

Cyberwarehouse (717-391-8220), which operates two online computer retail stores in the Lancaster, PA area, plans to open additional stores this year.

The Alley (619-320-5664) plans to open a 10,640 sq.ft. home furnishings store at Moreno Valley Mall at Towngate in Moreno Valley, CA. The store is opening at the site of a former Gap store.

Video City (510-428-0202) recently opened a 6,500 sq.ft. video store in the Fresno, CA area. The company is planning to open two stores in the Clovis, CA area during the Fall.

Schnuck Markets, Inc. (314-994-4444) plans to open a 63,000 sq.ft. supermarket at Dardenne Crossing in O'Fallon, MO later this year.

Target (612-370-6073) recently opened a 116,000 sq.ft. store in Hampton, VA, its first entry into the southern VA area. Additional stores are planned in southern VA for Chesapeake, Colonial Heights, Sterling and Newport News.

Goody's Family Clothing (615-966-2000) recently opened three stores in the Charlotte, NC area. Two of the stores are located at Windsor Square and Carolina Pavilion. A fourth store is expected to open in Rock Hill, SC during Fall.

Restaurant Chains Looking To Expand Nationwide

Pollo Tropical operates 38 restaurants throughout FL, NY and IL. With a Latin motif, the restaurants use a land area of 30,000 sq.ft. for its freestanding units. Expansion opportunities are sought in the existing markets, in addition to GA, OH, NC, SC and Puerto Rico. The company typically signs a 20-year lease. Demographic requirements include a population of 80,000 in three miles.

For more information, contact Glenn Rozansky, Pollo Tropical, 7300 N. Kendall Drive, 8th Floor, Miami, FL 33156; 305-670-7696, Fax 305-670-6403.

La Salsa Franchise, Inc. trades as La Salsa at 68 locations in AZ, CA, CO, IL, NV, TX, UT and WI. Serving Mexican cuisine, the restaurants utilize spaces of 500 sq.ft. to 1,500 sq.ft. in food courts, freestanding facilities and end-cap positions. Expansion will take place nationwide.

For more information, contact Steve Roth, La Salsa Franchise, Inc., 10474 Santa Monica Blvd., West Los Angeles, CA 90025; 310-446-8744, Fax 310-446-8733.

Taco John's of Iowa, Inc. trades as Taco John's at 15 locations throughout IA. The Mexican fast food restaurants occupy 2,200 sq.ft. freestanding facilities. Growth plans call for three openings in the existing market during the coming 18 months.

For more information contact, Jason Buirne, Taco John's of Iowa, Inc., 2851 104th Street, Ste. K, Des Moines, IA 50322; 515-278-1818, Fax 515-278-9842.

New England Restaurant Co. trades Chili's at 30 locations throughout New England. The restaurants use 5,700 sq.ft. in freestanding facilities and pad sites. The company will also consider conversions. Growth projections call for five openings annually and expansion will continue in the company's existing trade area.

For more information, contact Paul Hoagland, New England Restaurant Co., 300 Pond Street, Randolph, MA 02368; 617-986-4600, Fax 617-986-0358.

Chevy's Mexican Restaurant operates 71 locations in CA, OR, AZ, CO, VA, MD, FL, IL and NV. The restaurants use 7,000 sq.ft. in freestanding facilities and mall locations, in addition to in-line and end-cap positions. Expansion plans are to open 12 to 15 units during the coming 18 months, with growth continuing in the existing markets.

For more information regarding growth on the West Coast contact John Few, Chevy's Mexican Restaurant, 631 Howard Street, San Francisco, CA 94105; 415-546-1200. Regarding sites on the East Coast, contact Artie Harris at 708-617-2175.

Taco Time International, Inc. trades as Taco Time at over 300 locations nationwide, in addition to Greece, Canada, Japan, Kuwait and Thailand. The quick serve Mexican restaurants use 500 sq.ft. to 2,100 sq.ft. in freestanding facilities and malls. Expansion will take place in UT, MT, WA, ID, OR, NV and WI.

For more information, contact Bob Newton, Taco Time International, Inc., 3880 West 11th Avenue, Eugene, OR 97402; 541-687-8222, Fax 541-343-5208.

Gold Star Chili, Inc. trades as Gold Star Chili at 97 locations throughout KY, IN, OH and CO. Serving Mexican cuisine and chili, the restaurants use spaces of 1,600 sq.ft. to 2,200 sq.ft. in malls, strip centers, end-cap positions and freestanding facilities. Plans call for the opening of four to five units and growth opportunities are sought within a 150-mile radius of Cincinnati, OH.

For more information, contact Ray Peterson, Gold Star Chili, Inc., 5204 Beechmont Avenue, Cincinnati, OH 45230; 513-231-4541, Fax 513-624-4415.

Brinker International trades as Chili's, On The Border Cafes and Cozymel's. Chili's consist of 483 units operating worldwide. The full service restaurants occupy 5,672 sq.ft. freestanding facilities. Expansion will take place nationwide. On The Border Cafe operates 27 restaurants specializing in Mexican Food at locations throughout TX, FL, TN, MO, CO, KS and NM. Spaces of 7,800 sq.ft. are utilized in malls, freestanding facilities, power and specialty centers. Growth opportunities are sought nationwide. Cozymel's operates 12 restaurants specializing in Mexican food. The chain's existing markets cover TX, AZ, CA, FL and AL. Spaces of 8,700 sq.ft. are of interest and growth will take place nationwide.

For more information, call 214-770-9571 for the list of regional directors of real estate, Brinker International, 6820 LBJ Freeway, Dallas, TX 75240; 214-980-9917, Fax 214-770-9467.

Cheesecake Factory, Inc. trades as The Cheesecake Factory at 16 locations in CA, GA, MD, IL, TX, MA, FL and Washington, D.C. Spaces of 12,000 sq.ft. are used in freestanding facilities and strip centers with a regional draw. The company plans to open five units annually. Expansion will take place nationwide.

For more information, contact David Overton, Cheesecake Factory, Inc., 26950 Agora Road, Calabasas Hills, CA 91301; 818-880-9323, Fax 818-880-9477.

Corral Northeast, Inc. trades as Golden Corral Restaurants at over 600 locations nationwide. Specializing in steaks and a buffet, the restaurants use 7,000 sq.ft. to 11,000 sq.ft. freestanding facilities. Expansion will take place nationwide.

For more information on sites in the southern and eastern regions, contact Linda Turbeville at 919-571-0032, regarding sites in the southern and southwestern regions, contact Gene Piper at 817-284-3481, regarding sites in the southeastern region, contact Glenn Kincaid at 713-537-5577, regarding sites in the northeast contact Bob Berkheimer at 410-282-1779 and regarding sites in the Midwest, contact Frank Furgeoson at 816-891-8664. To reach the headquarters, contact Corral Northeast, Inc., 5151 Glenwood Avenue, Raleigh, NC 27612; 919-781-9310.

Cracker Barrel Old Country Stores operates 260 restaurants nationwide. Serving a home-style menu, the restaurants use 9,700 sq.ft. freestanding facilities. Plans call for 52 openings during the coming 18 months. Growth will take place in the Eastern and Southwestern regions.

For more information, contact Jim Torcivia, Cracker Barrel Old Country Stores, PO Box 787, Lebanon, TN 37088; 615-444-5533, Fax 443-9433.

Financial News...

Shells Seafood Restaurants, Inc. (813-961-0944) reported that its second quarter net income increased 712% to $479,000 from $59,000 during the second quarter last year. Revenues increased 33.1% to $10.38 million from $7.798 million with comparable restaurant sales up 16.5% for the quarter. During the second quarter, the company opened one unit and currently operates 22 seafood restaurants in FL.

The Vons Companies, Inc. (818-821-7050) reported that its second quarter net income increased 57% to $22.7 million from $14.5 million last year. Total sales increased 10.7% to $1.261 billion compared to $1.139 billion last year. Comparable store sales increased 7.1%. During the quarter, the company opened one store and closed five to end with 325 supermarkets in CA.

Mothers Works, Inc. (215-625-9259) announced that net sales for its third quarter increased 74.9% to $51.6 million from $29.6 million last year. Comparable store sales increased 14.7% during the quarter. The company currently operates 459 stores trading as Motherhood Maternity, Episode, Mothers Work, Mimi Maternity, A Pea in The Pod and Maternity Works.

Ground Round Restaurants, Inc. (617-380-3100) reported a third quarter net loss of $3.1 million on revenue of $55.8 million compared to a net loss of $700,000 on revenue of $56.1 million during the third quarter last year. The company currently operates and franchises 190 restaurants throughout the Northeast, Mid-Atlantic and Midwestern regions.

Uni-Marts, Inc. (814-234-6000) reported that its net earnings for its third fiscal quarter increased to $1.111 million from $793,208, a 40.2% increase. Revenues were $88.8 million, compared to $84.9 million last year. Merchandise sales at comparable stores increased 2.6% while gasoline sold at comparable store increased 3.8%. The company currently operates 405 convenience stores in PA, VA, NY, NJ, DE and MD. Gasoline is sold at 297 locations.

Spiegel, Inc. (708-769-2596) reported that its second quarter revenue was $668.6 million, a 4% decrease from $699.3 million during the second quarter last year. The company also reported a second quarter net loss of $3.3 million compared to a net loss of $14.9 million last year. Comparable store sales at its Eddie Bauer stores increased one percent.

Diedrich Coffee, Inc. (714-438-2282), a 36-unit chain of coffeehouses, plans an initial public offering of 2.2 million shares of stock. The company plans to use the proceeds to pay down debt and open new stores.

Outback Steakhouse, Inc. (813-282-1225) reported that its second quarter net income was $18.236 million compared to $14.396 million last year. Revenues for the quarter were $236.481 million, a 29% increase over last year's results of $182.723 million. During the quarter, the company opened 17 Outback Steakhouses and four Carrabba's Italian Grill units. Currently, the company operates 334 Outback Steakhouses and 29 Carrabba's Italian Grill units in 37 states.

Starbucks Corporation (206-447-1575) reported that its third quarter consolidated net sales increased 48% to $176.95 million from $119.174 million. Retail sales increased 48% to $153.212 million and specialty sales increased 60% to $19.855 million. Comparable store sales increased 8% for the quarter. During the quarter, the company opened 73 stores bringing its store total to 899. For the remainder of the year, the company plans to open 72 stores and open 325 new units during fiscal 1997.

Hi-Lo Automotive, Inc. (713-991-6052) reported that its second quarter sales decreased 5.5% to $67.1 million from $71 million last year. Net income was $200,000 compared to $1.6 million last year and comparable store sales fell 6.6%. The company currently operates 194 stores in CA, LA and TX.

IHOP Corp. (818-240-6055) reported that its second quarter net income increased 7.4% to $4.369 million from $4.069 million last year. System-wide sales increased 10% to $194 million with comparable store sales increased 0.3% for the quarter. During the quarter, the company opened 14 restaurants and currently operates and franchises 697 units in 37 states, Canada and Japan.

Quality Dining, Inc. (219-271-4600) announces that its plans a public offering of 2.277 million shares of its common stock at $25 per share. The company plans to use the proceeds to repay debt.

Mergers & Acquisitions

General Nutrition Companies, Inc. (412-288-4600) recently entered into a binding letter of intent to acquire Nature's Fresh Northwest, a six store natural grocery chain based in Portland, OR for $17.5 million in cash and stock. At the same time, GNC announced that it has acquired a controlling interest in Amphora Company, a single store aromatherapy/custom health and beauty aids store in Seattle, WA.

Ace Cash Express, Inc. (214-550-5000) recently announced that it has completed the acquisition of four stores in Nashville, TN from Music City Money, Inc.

The Italian Oven, Inc. (412-537-5380) recently entered into a letter of intent to sell its Cranberry and Erie, PA restaurants to Armstrong Restaurants, L.P. for $970,000.

Lead Sheet

Gantos, Inc.

dba Gantos

Kenneth Green

3260 Patterson Avenue S.E.

Grand Rapids, MI 49588

616-949-7000, Fax 949-5884

Apparel

The 114-unit chain operates locations in CA, CO, CT, IL, IN, KS, KY, MA, MO, MI, MD, NC, NH, NJ, NY and OH. The women's apparel and accessories stores occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in regional malls. Plans call for as many as four openings in the coming 18 months. Expansion will take place nationwide.

Moran Industries

dba Multistate Transmission,

Dr. Nix, Transmission USA

Irv Coffman

4444 West 147 Street

Midlothian, IL 60445

708-389-5922, Fax 389-9882

Automotive

The 158-unit chain operates locations nationwide. The units, offering transmission repair and service, occupy spaces of 3,400 sq.ft. to 3,500 sq.ft. in freestanding facilities and auto malls. Plans call for 35 openings in the coming 18 months. Expansion will take place nationwide.

Burlington Coat Factory

dba Luxury Linens

Mrs. Lee Kilcollum

1830 Route 130 North

Burlington, NJ 08016

609-387-7800, Fax 387-1274

Bed & Bath

The five-unit chain operates locations in PA, TX and UT. The stores, selling linens, bedding, housewares, accessories, home furnishings and unique gifts, occupy spaces of 40,000 sq.ft. to 120,000 sq.ft. in freestanding facilities, regional malls, power and strip centers. Growth opportunities are sought nationwide.

Walden Book Co., Inc.

dba Waldenbooks

Charles Hueston

100 Phoenix Drive

Ann Arbor, MI 48106-2022

313-913-1808, Fax 913-1808

Books

The 1,000+-unit chain operates locations nationwide. The bookstores occupy spaces of 2,700 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought nationwide.

Country Visions

dba Country Clutter

Steve Rosenthal

3333 Vaca Valley Parkway #900

Vacaville, CA 95688

707-451-6890, Fax 451-0410

Cards & Gifts

The 17-unit chain operates locations in AL, CA, ID, TN, WA, GA, FL, TX, CO and NV. The stores, selling cards, gifts, collectibles and home decor items having a country theme, occupy spaces of 1,800 sq.ft. to 2,200 sq.ft. in regional malls and outlet centers. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place nationwide with a focus on the East Coast. Preferred demographics include a population of 500,000 within 30 miles. The company typically signs leases running five years and wants $40,000 in tenant allowances.

CompUSA

Gerry Luther--Western sites

Chris Stamets--Eastern sites

14951 North Dallas Parkway

Dallas, TX 75240

214-484-8500, Fax 982-4600

Computers

The 106-unit chain operates locations nationwide. The computer superstores occupy spaces of 26,000 sq.ft. in freestanding facilities and strip centers. Plans call for 30 openings in the coming 18 months. Expansion will take place nationwide.

Certified Oil Co.

dba Certi-Mart

Michael Auld

949 King Avenue

Columbus, OH 43212

614-421-7500, Fax 421-6525

Convenience Store

The 52-unit chain operates locations in KY, OH and WV. The convenience stores occupy spaces of 1,500 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in OH.

Fred's, Inc.

Fred's

Tim Stubbs

4300 New Getwell Road

Memphis, TN 38118

901-365-8880, Fax 365-6815

Discount

The 225-unit chain operates locations in AL, AR, FL, GA, KY, LA, MO, MS and TN. The stores, which sell family apparel and pharmacy items at discount price-points, occupy spaces of 12,000 sq.ft. to 16,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing markets.

Sun Television and Appliances

dba Sun Super Saving Centers

Richard Machinski

6600 Port Road

Groveport, OH 43125

614-492-5600, Fax 492-1671

Electronics

The 48-unit chain operates locations in KY, NY, OH, PA and WV. The stores, selling consumer electronics, appliances, home furnishings, recorded music, computers and accessories, occupy spaces of 20,000 sq.ft. to 60,000 sq.ft. in freestanding facilities and end caps of strip centers. Plans call for 15 openings in the coming 18 months. Expansion will take place in the existing markets.

Johnson's General Stores

Jay Johnson

4110 West 33rd Street South

Wichita, KS 67215

316-942-6776

General Merchandise

The 10-unit chain operates locations in KS and MO. The general merchandise stores occupy spaces of 2,400 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets.

Lillian Vernon Corp.

dba Lillian Vernon Outlet

Tom Curry

2600 International Parkway

Virginia Beach, VA 23452

804-430-6094, Fax 430-6069

Gifts

The 11-unit chain operates locations in DE, NY and VA. The stores, selling overstocked merchandise from its catalog operation at off price-points, occupy spaces of 3,000 sq.ft. in outlet, specialty and strip centers. The company is looking to open seasonal stores in its existing markets.

Vista Paint Company

dba Vista Paint

Mike Fisher

2020 East Orangethorpe Avenue

Fullerton, CA 92631

714-680-3800, Fax 680-3340

Home Center

The 29-unit chain operates locations in CA. The stores, selling paint, wallcoverings, window coverings and sundries, occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

Sterling, Inc.

dba Kay, Belden, Weisfield's,

Gareds, Leroy's, J.B. Robinson

Sue Schulty

375 Ghent Road

Akron, OH 44333

330-668-5080, Fax 668-5050

Jewelry

The 825-unit chain operates locations nationwide. The jewelry stores occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in regional malls. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide.

Blockbuster Entertainment Group

dba Blockbuster Music

John Tyson

One Blockbuster Plaza

Fort Lauderdale, FL 33301-1860

954-832-3000, Fax 832-4086

Music

The 510-unit chain operates locations nationwide. The music stores occupy spaces of 1,500 sq.ft. to 15,000 sq.ft. in freestanding facilities and regional malls. Growth opportunities are sought nationwide.

Sun Optics Sunglass Specialty Shops

Keith Williams

2910 Oak Grove Lane

Rockford, IL 61108

815-227-5809

Optical

The 12-unit chain operates locations in IL, IN, MI, MN, OH and WI. The stores, selling sunglasses, occupy spaces of 180 sq.ft. to 240 sq.ft. in regional malls. Growth opportunities are sought in the existing markets. Leases running five years are typical.

Best Pets

Michael O'Bryan

1817 Alexandria Drive

Lexington, KY 40504

606-277-0003

Pet Store

The company operates one unit in KY. The pet store occupies a 3,000 sq.ft. space in a strip center. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market.

Thorn Americas, Inc.

dba Rent-A-Center,

Remco, U-Can-Rent

Don Bain

8200 East Thorn Drive

Wichita, KS 67226

316-636-7368, Fax 631-5007

Service

The 1,356-unit chain operates locations nationwide. The stores, offering electronics, furniture, appliances and jewelry on a rent-to-own basis, occupy spaces of 3,000 sq.ft. in strip centers. Growth opportunities are sought nationwide.

Bally

Seth Hockman

1 Bally Place

New Rochelle, NY 10801

914-632-4444, Fax 636-9128

Shoes

The 45-unit chain operates locations nationwide. The stores, selling better shoes and leather items, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in regional malls, outlet and specialty centers. Growth opportunities are sought nationwide.

Bicycle Exchange, Inc.

dba Bicycle Exchange, Bike USA

Larry Hoffman

8401 Connecticut Boulevard #1005

Chevy Chase, MD 20185

301-656-3030, Fax 656-6222

Sporting Goods

The 10-unit chain operates locations in VA and Washington, D.C. The stores, which sell and service bicycles and fitness equipment, occupy spaces of 8,500 sq.ft. in strip centers. Plans call for as many as 10 openings in the coming 18 months. Expansion will take place in the Southeastern region.

Appletree Markets

R.T. Kubicek

7676 Hillmont/ Suite 300

Houston, TX 77040

713-895-5704, Fax 895-5706

Supermarket

The four-unit chain operates locations in TX. The supermarkets occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing market.

Dee & Dee Stores

Robert Dweck

39 West 14th Street Room 304

New York, NY 10011

212-233-3830

Variety

The 15-unit chain operates locations in NJ and NY. The variety stores occupy spaces of 5,000 sq.ft. in downtown store fronts and strip centers. Plans call for three openings in the coming 18 months. Expansion will take place in the existing markets.

Home Basics

Raymond Cohen

683 Broad Street

Newark, NJ 07102

201-642-7059, Fax 642-5820

Variety

The two-unit chain operates locations in NJ and NY. The variety stores occupy spaces of 5,000 sq.ft. in downtown store fronts and strip centers. Growth opportunities are sought in the existing markets.

Movie Gallery

dba Hollywood Video, Movie Mart, Vault, Video Express,

Movies & Video, Gemstone Entertainment, Video Connection,

49-N-More, Finkley's Latest & Greatest, Box Office Video, Prime Time Video

Frank Ludwig

739 West Main Street

Dotham, AL 36301

334-677-2109

Video

The 991-unit chain operates locations nationwide. The video stores occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. in freestanding facilities and strip centers. Plans call for 200 openings in the coming 18 months. Expansion will take place nationwide.

Exclusives: Leasing & Management Assignments

Mid-America Real Estate Corp. (708-954-7300) has been appointed as the exclusive development and leasing representative for Twin Ponds Marketplace in Cyrstal Lake, IL by Harlem-Irving Companies. The 275,000 sq.ft. project is anchored by a 112,000 sq.ft. Home Depot, a 32,000 sq.ft. Circuit City, a 26,000 sq.ft. PetsMart, a 23,000 sq.ft. OfficeMax, a 15,000 sq.ft. Super Crown and a 14,000 sq.ft. Super Trak. Construction on the project is expected to begin soon.

Tramell Crow Company (305-854-8855) has been named the exclusive leasing agent for Merritt Crossing in Merritt Island, FL. The 89,727 sq.ft. project is anchored by Public Supermarket, Eckerd Drug Store and Radio Shack. The company was also named the exclusive leasing agent for Indian River Plaza is Titusville, FL. The 73,594 sq.ft. project is anchored by Winn-Dixie, Eckerd Drug Store and Blockbuster Video. An outparcel is available for development.

The Kane Company, Inc. (603-430-4000) is the exclusive site selection agent for Yield House, a home furnishings chain. The company, which currently operates four company stores and distributing via catalog and through over 400 dealerships nationwide, is looking to open as many as 15 stores throughout New England through 1997. The company is seeking spaces running 2,000 sq.ft. to 12,000 sq.ft. in freestanding facilities and strip centers located in downtown areas or suburban markets. Preferred demographics include a five-mile population of 60,000 earning $40,000 as the average household income. The Kane Company is also the exclusive site selection agent for Lindt Chocolate Stores. The candy stores, which has stores in NH, VT, MA and ME, is looking to open units in CT, MA and RI. The company is seeking spaces running 1,500 sq.ft. to 2,000 sq.ft. in freestanding facilities, strip centers, enclosed shopping malls and downtown store fronts. Preferred co-tenants include women's specialty retail stores. Preferred demographics include a five-mile population of 60,000 earning $50,000 as the average household income.

Restaurants Sites Real Estate Consultants (413-566-0216) is seeking sites for the following restaurant chains: HomeTown Buffet throughout the Northeastern region. Freestanding or in-line spaces of 10,000 sq.ft. on two acre pad sites are of interest; Chili's Restaurants in CT, MA and NY. Freestanding facilities of 6,000 sq.ft. on 1.5 acre pads are preferred; Taco Bell in MA and NH. Lot sizes of 20,000 sq.ft. located near other fast food restaurants are of interest; Border Cafe throughout the Northeastern region. The company prefers to purchase 7,500 sq.ft. sites on 2.5 acres of land at regional shopping centers; Dakota Steak House in CT, MA, NH, NY and PA. Sites running 8,500 sq.ft. on 2.5 acres in regional shopping areas are preferred.

Milestone Associates, Inc. (617-964-0066) is seeking sites running 7,000 sq.ft. to 10,000 sq.ft. along the East Coast for Trader Joe's, a specialty foods chain; spaces running 5,000 sq.ft. to 8,000 sq.ft. in CT, MA, southern NH and northern RI for Big Planet Video; spaces running 6,000 sq.ft. to 8,000 sq.ft. in CT for Better Bedding; and spaces running 2,500 sq.ft. to 4,000 sq.ft. for Figs Restaurant in Fairfield County, CT and Eastern MA.

M&J Associates, Inc. (617-326-7370) is the exclusive tenant representative for All Star Video, which currently operates 15 video stores in MA and RI. The company is seeking spaces running 4,500 sq.ft. to 8,500 sq.ft. in freestanding facilities and highly visible end cap spaces in MA, RI, eastern CT and southern NH. In-line spaces having a minimum frontage of 40 feet will be considered. Preferred demographics include a population of 25,000 within two miles earning $40,000 as the average income. The company is looking to open eight units this year and 10 stores next year.

CDC Commercial Real Estate, Inc. (203-222-8022) represents Crown Theaters which is seeking freestanding spaces running 50,000 sq.ft. to 90,000 sq.ft. in existing centers or new construction from ME to FL. Other requirements include parking for 1,200 to 1,700 cars, land area running 12 to 20 acres for new construction, site fronting a four lane road with a traffic signal and major highway visibility and access. The company also prefers not to be located within five miles of another major multiplex theatre. Sites for land lease, purchase or build-to-suit will be considered.

CB Commercial Real Estate Group, Inc. of San Diego, CA (619-236-1231) has been named the exclusive tenant representative for the Southern CA expansion of Video Update, Inc. The company is seeking freestanding sites running 5,000 sq.ft. to 7,000 sq.ft. in centers anchored by supermarkets, drug stores, Target or Wal*Mart.

Divaris Real Estate, Inc. (804-497-2113) was named the leasing and managing agent for Vista Center Shops in Orlando, FL. The 100,000 sq.ft. project, comprised of restaurant, gift and service shops, is situated close to the entrance of Walt Disney World.

Lease Signings

Mid-America Asset Management Co. (708-954-7300) leased 10,979 sq.ft. to Pier 1 Imports and 1,204 sq.ft. to Supercuts at Village Crossing Shopping Center in Niles, IL; 1,600 sq.ft. to Sally Beauty and 1,200 sq.ft. to General Nutrition Center at Townes Crossing Shopping Center in Oswego, IL; 1,384 sq.ft. to Anne's Flowers at Westbrook Commons Shopping Center in Westchester, IL; 2,521 sq.ft. to Egghead Software at Clark-Wellington Shopping Center in Chicago, IL and 1,340 sq.ft. to Prime 'N Tender Meats at Gateway Shopping Center in Hinsdale, IL.

DiMucci Development Corp. (847-991-4400) leased 9,000 sq.ft. to Georgia Carpet Outlet at Fox River Commons in Naperville, IL and 30,000 sq.ft. to Sun Harvest Market at Golf Plaza I in Mt. Prospect, IL.

Steiner & Associates (305-448-1700) leased 10,000 sq.ft. to Virtua Cafe and Zero Gravity for a combined store; 7,000 sq.ft. to The Improv and space to Hibiscus at the Streets of Mayfair in Coconut Grove, FL.

Perlmutter Properties, Inc. (914-686-8900) leased 10,000 sq.ft. to Party City at Ridgeway Center in Stamford, CT.

KLNB, Inc. (410-321-0100) leased 25,000 sq.ft. to Bibelot at Timonium Crossing Shopping Center in Timonium, MD.

Space Place

Delaware

Wilmington- Miller Road Commons is anchored by Caldor. The 175,000 sq.ft. project has a 60,000 sq.ft. space available for lease. Demographics include a five-mile population of 199,000 earning $52,000 as the average household income.

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

Louisiana

Gretna- Towne Square Shopping Center is anchored by Winn-Dixie and K&B Drugs. The 91,000 sq.ft. project has an 11,888 sq.ft. space available for lease. Demographics include a five-mile population of 310,000 earning $35,000 as the average income.

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

Ohio

Maumee- Golden Gate Shopping Center is anchored by FoodTown Supermarket and The Pharm Discount Drugs. The 92,668 sq.ft. project has spaces from 3,375 sq.ft. to 9,750 sq.ft. available for lease. Demographics include a five-mile population of 97,571 earning $48,822 as the average income. In Port Clinton- Knollcrest Shopping Center is anchored by Wal*Mart and Bassett IGA Grocery Store. The 150,000 sq.ft. project has outlots available for lease. Demographics include a five-mile population of 12,661 earning $44,424 as the average income. In Sylvania- Sylvania Marketplace is anchored by The Pharm Discount Drugs and Major Magic. The 91,265 sq.ft. project has spaces from 1,600 sq.ft. to 15,000 sq.ft. as well as an outlot available for lease. Demographics include a five-mile population of 127,377 earning $52,273 as the average income.

For details, contact Mark Zyndorf, William Cosgrove or Robert Mack of Zyndorf/Serchuk, Inc. at (419-249-7070), Fax (255-2439).

Oregon

Medford- Poplar Square is anchored by Ross Stores, Craft Warehouse, G.I. Joe's and Fabricland. The 166,274 sq.ft. project has a 4,453 sq.ft. space available for lease. Demographics include a population of 151,400 earning $34,700 as the median household income.

For details, contact Insignia Commercial Group at (206-941-3558), Fax (946-1457).

Tennessee

Chattanooga- Northtowne Centre is anchored by Wal*Mart, Winn-Dixie and Staples. The 258,000 sq.ft. project has a 3,000 sq.ft. space adjacent to Wal*Mart and an 11,247 sq.ft. space adjacent to Staples available for lease.

For details, contact Helen Scott of Angel Realty at (423-624-0652) or Mark Hornstein of Kemor Properties, Inc. at (514-846-1610).

Texas

San Antonio- A 4,600 sq.ft. space at the historic Calcasieu Building in the downtown area is available for lease. The site is located near The Alamo and the Riverwalk.

For details, contact Terry Rubiola of Centro Properties at (210-224-2213).

Virginia

Dale City- Mapledale Plaza is anchored by Giant Food. The 162,000 sq.ft. project has 85,000 sq.ft. available for lease. Spaces range in size from 900 sq.ft. to 4,300 sq.ft. Demographics include a population of 124,000 within five miles earning $68,000 as the average household income.

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