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The
Dealmakers Issue Numner 45 for the week of December 18, 1996. Apparel
Retailers Looking for Locations Nationwide Hit or
Miss operates 385 locations nationwide. The
women's apparel stores occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in downtown store
fronts, freestanding facilities, regional malls and strip centers. Growth opportunities are sought nationwide. For more information, contact Michael Benoit, Hit
or Miss, 100 Campanelli Parkway, Stoughton, MA 02072; 617-344-0800, Fax 344-4980. Authentic
Fitness Corp. trades as Speedo Authentic Fitness at 120 locations throughout North
America. The stores, selling athletic fitness
apparel for men and women, occupy spaces of 650 sq.ft. to 1,200 sq.ft. in downtown store
fronts, regional malls and specialty centers. Preferred
anchors include Gap and Victoria's Secret. Plans
call for 150 openings in the coming 18 months. Expansion
will take place nationwide. Preferred
demographics include a population of 250,000 within five miles earning at least $75,000 as
the average income. Leases running 10 years
are typical. For more information, contact Joshua Podell,
Authentic Fitness Corp. 90 Park Avenue, New York, NY 10016; 212-370-8293. The
Apparel Group does business as Puff's at seven locations in KS, NM, OK and TX. The stores, selling men's and women's apparel,
occupy spaces of 4,000 sq.ft. to 12,000 sq.ft. in strip centers. Plans call for as many as 12 openings in the
coming 18 months. Expansion will take place
within the existing markets as well as MO. For more information, contact Kenneth MacIntyre,
The Apparel Group, 5700 North Mesa, El Paso, TX 79912; 915-595-1925, Fax 591-6175. 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 below $10 and the Mr. B's stores selling family apparel at traditional prices. The stores occupy spaces of 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 9087; 616-679-2580, Fax 679-2611. Chico's
F A S, Inc. trades as Chico F A S at 124 locations nationwide. The stores, selling casual clothing 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, Ft. Myers, FL 33912; 941-277-6200, Fax 277-5237. Buyers
& Sellers of Commercial Properties CB
Commercial Real Estate Group, Inc. represented Aetna Life Insurance Company of San Jose in
its sale of Playa Galleria in Stanton, CA. The
143,291 sq.ft. project, which is anchored by HomeBase, Pizza Hut and Blimpie's, was
acquired by Playa Galleria LLC for $7 million. For more information, contact Donald MacLellan at
(714-939-2221). Mid-America
Real Estate Corp. represented Terraco, Inc. in its purchase of a three-acre site from Home
Depot at Southlake Plaza Shopping Center in Hobart, IN.
Terraco plans to develop two buildings totaling 26,000 sq.ft. for occupancy by
Super Crown Books (15,000 sq.ft.), Jewelry3 (4,500 sq.ft.) and New China Buffet (5,500
sq.ft.) in leases arranged by Mid-America. Southlake
Plaza is anchored by Home Depot, Sports Authority, PetsMart and Circuit City. For more information, contact David Bossy at
(630-954-7300). Commercial-Industrial
Realty Co. has the listing to sell a freestanding 15,000 sq.ft. store on 1.42 acres of
land in Camp Hill, PA. The site is located
adjacent to Capital City Mall which is anchored by J.C. Penney, Hecht's and Sears. The facility can also be leased. For more information, contact Daniel Alderman at
(717-761-5070), Fax (975-9835). CBL
& Associates Properties, Inc. recently acquired St. Clair Square in Fairview Heights,
IL. The 1.044 million sq.ft. project is
anchored by Dillard's, Famous-Barr, J.C. Penney and Sears.
More than 120 specialty stores are also located at the mall. The site was acquired from The Prudential Real
Estate Investors for $86.4 million. For more information, contact CBL & Associates
at (423-855-0001). Tibor
Pivko and Company is in the market to acquire single tenant credit net leased properties
in major metropolitan markets nationwide. Preferred
properties have investment grade tenants and a minimum of 10 years remaining on the lease,
with at least 15 years ideal. Transactions
running between $500,000 to $50 million are preferred.
In addition to outright purchases, the company also buys partial interests and
forward commitments. For more information, contact Claudia Lomicky at
(201-345-3291). Taubman
Centers, Inc. has agreed to acquire La Cumbre Shopping Center in Santa Barbara, CA. The 477,000 sq.ft. project is anchored by
Robinson-May and Sears. For more information, contact Taubman Centers at
(810-258-6800). General
Growth Properties recently acquired Sooner Fashion Mall in Norman, OK. The 503,000 sq.ft. project is anchored by
Dillard's, J.C. Penney, Sears and Service Merchandise.
The company also recently acquired a 50% interest in Quail Springs Mall in Oklahoma
City, OK. The 1.2 million sq.ft. project is
anchored by Dillard's, Foley's, J.C. Penney and Sears.
Both projects were acquired from Prime Property Fund for an aggregate consideration
of $52 million, which included $25 million in General Growth stock, $18 million in cash
and the assumption of $9 million in debt. For more information, contact John Bucksbaum at
(312-551-5005). Lincoln
Property Company has the listing to sell the real estate only of a 4,800 sq.ft.
single-tenant NNN leased restaurant in Ocala, FL. The
property is leased through 2005 to a local restaurateur with 1995 revenues approaching $1
million. A percentage rent clause allows the
landlord to collect five percent of gross sales over $1.018 million. The investment opportunity reflects a 10%+ cap
rate. The company also has the listing to
sell a 1.27 acre outparcel of a Publix-anchored shopping center in Port Charlotte, FL. The signalized corner had a 1995 AADT count of
25,400 vehicles. Infrastructure for
development is in place and retention is provided for off site. The asking price is $9.05 per square foot. For more information, contact Jon Slater at
(813-286-4001). Rein
& Grossoehme brokered the sale of a Burger King restaurant in Tempe, AZ. The 3,364 sq.ft. project was sold to RockReef USA,
Inc. for $950,000. The company also brokered
the sale of North Mountain Village Phase II in Phoenix, AZ.
The 27,682 sq.ft. project was sold to Cole Partnerships by Western-Duff Tigard
Partners for $1.5 million. For more information, contact Jerry Robers at
(602-954-0717). Store
Closings Teach
& Play Smart (817-284-2006) plans to close its seven stores and go out of business. The company, which offers software and other
teaching tools, has stores in AZ, FL and TX. Piece
Goods Shops (910-768-3930) plans to close its six FL fabric and craft stores and exit the
state. Luskin's,
Inc. (410-290-1111), which recently closed 16 of its consumer electronics stores in the
Baltimore, MD-Washington, D.C. area has closed its two stores in Richmond, VA and three
stores in the Hampton Roads, VA area. Edison
Brothers Stores, Inc. (314-331-6000) plans to close an additional 135 stores nationwide in
its apparel and footwear chains. Since Fall
1995, the company has closed approximately 750 stores and its latest round of closings
will bring it to the maximum number that can be closed without amending its financing
covenants with BankAmerica Business Credit. At
one time, Edison Brothers operated 2,600 stores and before this latest round of closings,
still operated more than 1,850 units. Not all
the news is bad, however, as the company plans to open 53 stores including several
experimental alternative teen apparel stores. New
Construction The
Seitz Group is developing Franklin Village Shopping Center in Waco, TX. The 100,000 sq.ft. project will be anchored by
Service Merchandise, PetsMart and Outback Steakhouse.
A January 1997 opening is planned. For more information, contact The Seitz Group at
(214-360-0400). Environmental
Community Development Company, Inc. recently broke ground on CityPark at Lincolnshire in
Lincolnshire, IL. The entertainment and
hospitality complex will be anchored by a 22-screen Regal Cinemas, up to four restaurants,
35,000 sq.ft. of specialty retail stores and a 117-room Hampton Inn. The hotel is expected to open during October 1997,
the movie theater is expected to open during November 1997 and the retail users during
early 1998. For more information, contact Scott Greenberg of
Environmental Community Development Company, Inc. at (630-495-2231). Foothill
Ranch Company and Pacific Development Group plan to break ground on a 600,000 sq.ft.
expansion of Foothill Ranch Towne Centre in Orange County, CA during 1997. Planned for the expansion is an 80,000 sq.ft.
movie theater, a 75,000 sq.ft. ice and in-line roller rink arena and 50,000 sq.ft. of
specialty and entertainment oriented retailers. A
late 1997 opening in planned. When completed
the project will encompass more than 1.3 million sq.ft.
The 600,000 sq.ft. phase I opened during 1993 and is anchored by Wal*Mart,
HomeBase, Target, Mervyn's, PetsMart, Old Navy, The Good Guys! and Ralphs Supermarket. A planned third phase will be anchored by Staples
and Sav-On. For more information, contact Cameron Crowner or
Bob Lewis of CB Commercial Real Estate Group, the exclusive leasing and marketing agents
of the project, at (714-458-5200), Fax (586-6933). Developers
Diversified is currently developing Southland Crossings in Boardman, OH. The 503,908 sq.ft. project is anchored by a
131,575 sq.ft. Lowe's Home Improvement Warehouse which opened last month, and a 126,242 sq.ft. Wal*Mart which opened this
month. A 75,968 sq.ft. Giant Eagle
Supermarket is expected to open during Fall 1997. Other
retailers opening during 1997 at the project include Dick's Sporting Goods and Clothing in
55,000 sq.ft.; PetsMart in 26,040 sq.ft. and Staples in 23,500 sq.ft. Hollywood Video plans to occupy an outparcel at
the site. For more information, contact Developers
Diversified at (216-247-4700), Fax (247-1118). CBL
& Associates Properties, Inc. recently completed the renovation of Suburban Plaza in
Knoxville, TX. The redevelopment of the
130,000 sq.ft. project includes the addition of a 24,000 sq.ft. Barnes & Noble
Superstore, which is expected to open during Spring 1997. For more information, contact Randy Owens of CBL
& Associates Properties at (800-333-7310, Ext. 238). Chesapeake
Commercial Properties, Inc., an affiliate of Macks and Macks, Inc., recently broke ground
on Shrewsbury Commons Shopping Center in Shrewsbury, PA.
The first phase of construction will include 220,000 sq.ft. and six outparcels and
will be anchored by a Wal*Mart Supercenter. Space
for 20 stores will also be constructed. For more information, contact Norman Suss of Macks
and Macks, Inc. at (410-356-9900). Mergers
& Acquisitions NeoStar
Retail Group, Inc. (817-424-2186), the parent company of Babbage's and Software Etc.,
recently announced that Software Acquisition Company LLC has received bankruptcy court
approval to acquire substantially all of the assets of NeoStar, which includes 447 stores
and all of its inventory for $58.5 million. Prior
to the sale, NeoStar operated more than 650 stores. As
a result of the sale, approximately 200 stores will be closed. Software Acquisition Company was recently formed
by Leonard Riggio, a director and stockholder of NeoStar, and chairman and a principal
stockholder of Barnes & Noble, Inc. Software
Acquisition Company's bid was accepted over Electronics Boutique, Inc., which offered to
buy 300 stores and move NeoStar's headquarters. Perfumania,
Inc. (305-889-1520) recently agreed to purchase substantially all of the assets of
Nature's Elements Holding Corporation which operates 34 cosmetic stores in the Northeast. West
Coast Entertainment Corp. (215-677-1000) recently completed the acquisition of 49 video
stores in FL, LA, MA, NJ, NY, OH and PA. Store
chains acquired include Great American Video, Showcase, First Choice Video, Wellesley
Entertainment and Reel Entertainment. Several
franchisees were also purchased. The total
purchase price was $26.1 million. Following
the acquisitions, West Coast operates 531 video stores nationwide, including 264 corporate
units and 267 franchised units. Men's
Wearhouse, Inc. (510-657-9821) has agreed to purchase 19 C&R Clothiers, Inc. stores
for $13.5 million. C&R Clothiers filed
for Chapter 11 protection last month. Men's
Wearhouse plans to operate the acquired stores under the C&R name as a new division of
lower-priced men's apparel. Quality
Food Centers, Inc. (206-455-3761) has agreed to acquire Hughes Family Markets for $360
million in cash. Hughes operates 56
supermarkets in southern CA. QFC plans to
operate its stores in WA and the newly acquired stores as separate business units under a
holding company. The deal is expected to be
completed during early 1997. Bruno's,
Inc. (205-940-9472) plan to acquire Seessel Holdings, Inc. was recently approved by a US
District Judge for the Western District of TN. Seessel's
operates 10 supermarkets in the Memphis, TN area and Bruno's plans to continue to operate
the stores under the Seessel's name. New
York Bagel Enterprises, Inc. (316-267-7373) plans to acquire Lots A' Bagels, Inc. for $2.7
million. Lots A' Bagels operates seven
restaurant in Colorado Springs and Monument, CO. The
deal is expected to close this month. J.W.
Childs Equity Partners and Central Tractor Farm & Country, Inc. (515-266-3101)
recently entered into a definitive merger agreement under which J.W. Childs will acquire
Central Tractor for approximately $156 million. Central
Tractor operates 111 agricultural specialty stores in 16 states. The
Parts Source, Inc. (813-588-0377) recently acquired the five unit chain Central Motor
Supply in Gainesville, FL. The acquisition
gives The Parts Source, which trades as Ace Auto Parts, 39 stores in FL. Who's
Openings and Where... Bruegger's
Bagel Bakery (802-862-4700) plans to open as many as seven bagel shops in the
Jacksonville, FL market during 1997. Giant
Food, Inc. (301-341-8440) plans to open a 60,000 sq.ft. supermarket at Eastover Shopping
Center in Oxon Hill, MD during August 1997. Chrysler
Corp. recently opened a 15,000 sq.ft. Great Cars. Great Trucks store at the Mall of
America in Bloomington, MN. The store
features driving simulators of the carmaker's vehicles, video games, Chrysler licensed
merchandise and computer kiosks where customers can get specs for Chrysler vehicles. Vehicles are not sold at the store. Dave
& Buster's (214-357-9589) recently opened a 60,000 sq.ft. restaurant/entertainment
facility at White Flint in Bethesda, MD. Egghead
(509-891-4892) recently opened Egghead Computer Surplus in Portland, OR. The 24,000 sq.ft. store will sell overstocked,
close-out, discontinued and previous-version computer hardware and software. Micro
Electronics (614-481-5452) plans to open stores in Chicago, IL and Santa Clara, CA. Melitta
(813-524-4803) recently opened a 2,000 sq.ft. Coffee World store at Belz International
Designer Center in Orlando, FL. It is the
company's 12th store in FL, NJ and PA. The
Great Atlantic & Pacific Tea Company (201-930-8442) recently opened a 74,243 sq.ft.
Super*Fresh supermarket at Penn Mar Shopping Center in Forestville, MD. The company also recently opened a Farmer Jack
Supermarket at Target Plaza in Chesterfield Township, MI.
It is the company's 100th Farmer Jack unit. The
company plans to open Farmer Jack stores in Fenton, Caro, Northville, Flint, Troy, Taylor
and Highland Park, MI during 1997 with five additional units in the negotiation and
planning stages. Gaylord
Companies, Inc. (614-771-2777) recently opened a 3,800 sq.ft. The Cookstore unit at
Castleton Square Mall in Indianapolis, IN and a 3,800 sq.ft. The Cookstore unit at
Florence Mall in Florence, KY. The company
currently operates six The Cookstore units in KY and IN which feature upscale kitchen and
cooking utensils. Financial
News... American
Eagle Outfitters, Inc. (412-776-4857) reported that its third quarter net sales increased
2.2% to $78.8 million from $77.1 million during the third quarter last year. Comparable store sales fell 0.8% for the quarter. Net income for the quarter was $2.2 million,
compared to a net loss of $1.4 million last year. The
company currently operates 304 specialty apparel stores in 39 states. Pacific
Sunwear of California, Inc. (714-701-4000) reported that its third quarter net income
increased to $2.739 million from $1.323 million during the third quarter last year. Net sales for the quarter increased 38% to $43.2
million and comparable store sales increased 23% for the quarter. The company currently operates 202 specialty
apparel stores in 34 states. Lowe's
Companies, Inc. (910-651-4223) reported that sales for its third quarter increased 24% to
$2.193 million from $1.765 million last year. Comparable
store sales increased 10%. Net earnings
jumped 71% to $75,183 from $43,919. During
the quarter, the company open 17 stores and ended the quarter with 391 home improvement
stores. The company plans to open as many as
70 stores during fiscal 1997. Gottschalks,
Inc. (209-434-4744) reported a third quarter net loss of $1.5 million, as compared to a
net loss of $3.2 million during the third quarter last year. The company currently operates 35 department
stores and 25 specialty apparel stores in CA, NV, OR and WA. The
Gap, Inc. (415-952-4400) reported that its third quarter net earnings increased 15% to
$134.3 million from $116.9 million last year. Net
sales increased 20% to $1.383 billion from $1.156 billion last year. Comparable store sales increased one percent. The company operates 1,823 stores trading as Gap,
Banana Republic, GapKids and Old Navy. Borders
Group, Inc. (313-913-1323) reported a third quarter net loss of $2.7 million, compared to
a net loss of $6 million during the third quarter last year. Consolidated sales increased 14.2% to $413.5
million from $362.1 million last year. The
increase was helped by a 42.3% increase in sales at Borders Superstores to $212 million
from $149 million last year. Comparable store
sales increased 8.6%. Sales at Waldenbooks
fell 3.8% to $197.9 million from $205.7 million, with comparable stores down 0.2% for the
quarter, and sales at Planet Music stores dipped 51.4% to $3.6 million from $7.4 million. The company operates more than 150 Borders
Superstores and 966 Waldenbooks stores nationwide. Woolworth
Corporation (212-553-2000) reported that its third quarter net income was $69 million,
compared to $34 million during the third quarter last year.
Sales fell 1.1% to $2.048 billion with comparable store sales up 1.5%. During the quarter, the company opened 68 stores
and closed 165 stores to end the quarter with 7,854 stores nationwide. Filene's
Basement Corp. (617-348-7156) reported that its third quarter net income more than doubled
to $3.5 million from $1.6 million last year. Net
sales for the quarter fell five percent to $147.2 million from $154.2 million with
comparable store sales down two percent. The
company currently operates 43 specialty apparel stores throughout the Midwestern and
Northeastern regions. Best
Buy, Inc. (612-947-2000) recently announced that it plans to cut back its expansion plans
for 1997 to 15 new stores. Earlier, the
company had plans to open as many as 25 stores next year.
The company will also only enter one new market, Pittsburgh, PA, during 1997. Jacobson
Stores, Inc. (517-764-6400) reported a third quarter net loss of $2.76 million, compared
to a net loss of $2.25 million during the third quarter last year. Net sales increased 3.4% to $90.778 million from
$87.802 million, but comparable store sales fell 1.5% for the quarter. The company currently operates 28 specialty
department stores in FL, IN, KS, KY and MI. Welcome
Home, Inc. (910-791-4312) reported that net sales for the third quarter fell 10.2% to
$20.655 million from $23 million during the third quarter last year. Comparable store sales declined 20.2% for the
quarter. Net loss for the quarter was $2.3
million, compared to a net loss of $382,000 last year.
During the first three quarters of this year, the company has closed 25 stores and
plans to close an addition 25 stores during the fourth quarter. Expansion has been put on hold. The company currently operates 198 specialty home
furnishing stores in 40 states. Food
Tenants Hungry for Sites Nationwide Restaurant
Sites trades as Dakota Steakhouse at eight locations in CT, NY, UT and VT. The steak houses occupy spaces of 8,500 sq.ft. to
10,000 sq.ft. in freestanding facilities. Plans
call for two openings in the coming 18 months. Expansion
will take place within the existing markets. The company also trades as Hometown Buffet at 100
locations nationwide. The buffet restaurants
occupy spaces of 10,000 sq.ft. in strip centers. Plans
call for 60 openings in the coming 18 months. Expansion
will take place nationwide. For more information on the above two companies,
contact Richard Gallivan, Restaurant Sites, 28 Somers Road, Hampden, MA 01036;
413-566-0216, Fax 566-2227. Restaurant
Systems International does business as Everything Yogurt & Salad Cafe at 125 locations
nationwide. The restaurants, serving fast
healthy foods including salads, juices and frozen yogurt, occupy spaces of 500 sq.ft. to
1,200 sq.ft. in downtown store fronts and regional malls.
Plans call for 10 openings in the coming 18 months.
Expansion will take place nationwide. For more information, contact Sam Stein,
Restaurant Systems International, 1000 South Avenue, Staten Island, NY 10314-3403;
718-494-8888, Fax 494-8776. RPM
Pizza, Inc. trades as Domino's Pizza at 131 locations in AL, AR, LA and MS. The pizza restaurants occupy spaces of 1,400
sq.ft. in freestanding facilities and strip centers.
Growth opportunities are sought in the existing markets. The company prefers to purchase its sites. For more information, contact Thomas Holliday, RPM
Pizza, Inc., Highway 49 & 5th Street, Gulfport, MS 39505; 601-832-4000, Fax 832-1092. Shari's
Management Corp. trades as Shari's Restaurants at 91 locations in CA, CO, ID, OR, WA and
WY. The family restaurants, which are open 24
hours a day, occupy spaces of 3,950 sq.ft. in freestanding facilities. Plans call for 20 openings in the coming 18
months. Expansion will take place in the
existing markets. Preferred demographics
include a population of 25,000 within three miles earning $45,000 as the average income. For more information, contact Tom Gibbons, Shari's
Management Corp., 8205 SW Creekside Place, Suite D, Beaverton, OR 97008-7112;
503-641-6338, Fax 646-3185. Rio
Bravo International, Inc. trades as Rio Bravo Cantina at 18 locations throughout the
Midwest, FL, GA and TN. The casual Tex-Mex
restaurants occupy spaces of 6,900 sq.ft. in freestanding facilities. Plans call for as many as 13 openings in the
coming 18 months. Expansion will take place
in the existing markets as well as the Northeastern region. For more information, contact Sue Carroll, Rio
Bravo International, Inc., 4551 West 107th Street, Suite 100, Overland Park, KS 66207;
913-967-4000, Fax 341-1698. Timber
Lodge Steakhouse, Inc. trades as Timber Lodge Steakhouse at 12 locations in MN, NY, SD and
WI. The steak houses occupy spaces of 6,500
sq.ft. to 7,000 sq.ft. in freestanding facilities and power centers. Plans call for 12 openings in the coming 18
months. Expansion will take place in the
existing markets as well as in IL, IN and MI. Preferred
demographics include a population of 100,000 within five miles earning at least $40,000 as
the average income. Leases running five to 15
years are typical. For more information, contact Dermot Rowland,
Timber Lodge Steakhouse, Inc., 4021 Vernon Avenue South, St. Louis Park, MN 55416;
612-929-9353, Fax 929-5658. A&W
Restaurants operates 734 locations nationwide. The
fast food restaurants occupy spaces of 100 sq.ft. to 2,000 sq.ft. in freestanding
facilities and regional malls. Preferred
anchors include JC Penney's and Hudson's. Plans
call for the opening of 150 locations in the coming 18 months. Expansion will take place nationwide. For more information, contact Bryon Stephens,
A&W Restaurants, 17197 North Laurel Park Drive, Livonia, MI 48152; 313-462-0029, Fax
462-1017. Tem-Kil
Co., Inc. trades as Kentucky Fried Chicken at 52 locations in TX. The fast food chicken restaurants occupy spaces of
3,300 sq.ft. in freestanding facilities. Plans
call for as many as three openings annually. Expansion
will take place in the existing market. For more information, contact James Tanner,
Tem-Kil Co., Inc., 5707 North Street, Nacogdoches, TX 75961; 409-564-1168, Fax 564-5842. Taco
Maker, Inc. trades as Taco Maker at 137 locations nationwide. The Mexican fast food restaurants occupy spaces of
500 sq.ft. to 2,000 sq.ft. in freestanding facilities, regional malls and strip centers. Plans call for as many as 100 openings in the
coming 18 months. Expansion will take place
worldwide. For more information, contact John Miller, Taco
Maker, Inc., 3544 Lincoln Avenue, Suite C, Ogden, UT 84409; 801-621-7486, Fax 621-0139. Taco
Casa International Ltd. does business as Taco Casa at 17 locations in FL, KS, KY, MS, PA
and TN. The Mexican fast food restaurants
occupy spaces of 1,200 sq.ft. in regional malls. Plans
call for three openings in the coming 18 months. Expansion
will take place within the existing markets. Preferred
demographics include a population of 150,000 within 10 miles. Leases running 10 years are typical and the
company is franchising. For more information, contact James Reiter, Taco
Casa International Ltd., PO Box 4542, Topeka, KS 66604; 913-267-2548, Fax 267-2652. Stoico
Restaurant Group trades as Spaghetti Jacks at six locations in KS, MO and SD. The Italian restaurants occupy spaces of 3,000
sq.ft. to 3,500 sq.ft. in power, specialty and strip centers. Growth opportunities are sought nationwide. The company also trades as Sub & Stuff at 20
locations in KS. The Italian delis, which
specialize in steak sandwiches, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip
centers. Growth opportunities are sought in
KS for corporate units and nationwide for franchised units. For more information on the above two concepts,
contact Don Fowler, Stoico Restaurant Group, 3151 North Rock Road, Wichita, KS 67226;
316-636-5776, Fax 636-2871. Woody's
Macayo, Inc. trades as Macayo Mexican Restaurants at 12 locations in AZ and NV. The Mexican restaurants occupy spaces of 6,000
sq.ft. to 8,000 sq.ft. in power centers and regional malls.
Plans call for two openings in the coming 18 months.
Expansion will take place in the existing markets. For more information, contact Gary Johnson,
Woody's Macayo, Inc., 4001 North Central Avenue, Phoenix, AZ 85012; 602-264-1831, Fax
277-1795. Western
Sizzlin' Corp. does business as Market Street Buffet and Bakery at 280 locations
nationwide. The all-you-can-eat buffet
restaurants occupy spaces of 6,500 sq.ft. to 9,000 sq.ft. in freestanding facilities. Plans call for 30 openings in the coming 18
months. Expansion will take place nationwide. For more information, contact Bob Bass, Western
Sizzlin' Corp., PO Box 291509; Nashville, TN 37229; 615-251-0023, Fax 251-3115. Weathervane
Seafood Restaurants operates 16 locations in ME, MA, NH, NY and VT. The seafood restaurants occupy spaces of 7,000
sq.ft. to 10,000 sq.ft. in freestanding facilities and strip centers. Plans call for two openings annually. Expansion will take place in CT, ME, MA, NH, NY,
RI and VT. For more information, contact Gerald Richard, Sr.,
Weathervane Seafood Restaurants, Route One, Kittery, ME 03904; 207-439-0335, Fax 439-7754. Mrs.
Vanelli's operates 86 locations throughout Canada. The
fast food restaurants occupy spaces of 350 sq.ft. in food courts of regional malls. Plans call for 10 openings in the coming 18
months. Expansion will take place throughout
North America. For more information, contact Nick Jurkovic, Mrs.
Vanelli's, c/o The Donato Group, 2133 Royal Windsor Drive #23, Mississauga, Ontario,
Canada L5J 1K5; 905-823-8883, Ext. 237, Fax 823-5255. All
American Frozen Yogurt Shops operates 22 locations in CO, ID, OR and WA. The restaurants, specializing in frozen yogurt and
ice cream, occupy spaces of 400 sq.ft. to 1,400 sq.ft. in regional malls and strip
centers. Plans call for as many as five
openings annually. Expansion will take place
in the Western region. For more information, contact C.R. Duffie, Jr.,
All American Frozen Yogurt Shops, 812 SW Washington Street
1110, Portland, OR 97205; 503-224-6199, Fax 224-5042. Cucina!
Cucina!, Inc. trades as Cucina! Cucina! Italian Cafe at 10 locations and as Cucina! Presto
at eight locations in AZ, CA, CO, OR and WA. The
Italian restaurants occupy spaces of 6,000 sq.ft. for the cafes and 1,800 sq.ft. for the
Presto units in downtown store fronts, freestanding facilities, regional malls, power,
specialty and strip centers. Preferred
anchors include movie theaters and non-Italian restaurants. Plans call for 10 Cucina! Cafe openings and 18
Presto openings in the coming 18 months. Expansion
will take place in the existing markets. Preferred
demographics include a population of 200,000 within seven miles earning $55,000 as the
average income. Leases running 15 years are
typical and the company cites Macaroni Grill and Wolfgang Puck as competition. For more information, contact Craig Michael,
Cucina! Cucina!, Inc., 1745 114th Avenue SE, Suite 100, Bellevue, WA 98004; 206-635-3575,
Ext. 233, Fax 637-7055. California
Cafe Restaurant Corp. trades as California Cafe Bar & Grill, Blackhawk Grille, Napa
Valley Grille and Alcatraz Brewing Co. at 18 locations in CA, CO, FL, IN, NJ and MN. The restaurants occupy spaces of at least 6,000
sq.ft. in regional malls. Plans call for five
openings in the coming 18 months. Expansion
will take place nationwide. For more information, contact Mosen Aminifard,
California Cafe Restaurant Corp., 572 South Paradise Drive, Suite 450, Corte Madera, CA
94925; 415-924-6600. Dunkin
Donuts, Inc. trades as Dunkin Donuts at 3,200 locations nationwide. The restaurants, which feature doughnuts, coffee
and specialty sandwiches, occupy spaces of 500 sq.ft. to 2,500 sq.ft. in a variety of real
estate settings. Growth opportunities are
sought nationwide. For more information, contact the Director of Real
Estate, Dunkin Donuts, Inc., PO Box 317, Randolph, MA 02368; 617-961-4000, Fax 986-3611. Exline,
Inc. does business as Best Pizza In Town at eight locations in MS and TN. The pizza restaurants occupy spaces of 1,000
sq.ft. to 3,000 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 markets. For more information, contact Walter Exline,
Exline, Inc., 2935 Austin Peay Highway, Memphis, TN 38128; 901-388-3044, Fax 383-2039. The
Candy Barrel operates 25 locations nationwide. The
candy stores occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in downtown store fronts and
specialty centers. Plans call for five
openings in the coming 18 months. Expansion
will take place nationwide. Leases running
seven years are typical. For more information, contact Ken Pierson, The
Candy Barrel, 680 Mount Rose Street, Reno, NV 89509; 702-323-2002, Fax 323-8692. Chinese
Gourmet Express operates 28 locations in AR, CA, IL, MI, SC, TX and WV. The Chinese fast food restaurants occupy spaces of
600 sq.ft. to 800 sq.ft. in regional malls and specialty centers. Preferred anchors include major department stores. Plans call for at least 20 openings in the coming
18 months. Expansion will take place
nationwide. Leases running 10 years are
typical. For more information, contact Ted Rubinstein,
Chinese Gourmet Express, c/o Ted Rubinstein Associates, Inc., 2070 River Reach Road,
Naples, FL 34105; 941-435-3551, Fax 435-3553. Nature's
Table Systems, Inc. trades as Nature's Table at 38 locations in CA, FL, IL, KS, MO, NY,
NC, SC, TX, WI and Washington, D.C. The
restaurants, serving soups, salads, sandwiches, smoothies and frozen yogurt, occupy spaces
of 650 sq.ft. to 1,250 sq.ft. in regional malls, specialty and strip centers. Plans call for 18 openings in the coming 18
months. Expansion will take place nationwide. Leases running 10 years are typical and the
company is franchising. For more information, contact Mike Karr, Nature's
Table Systems, Inc., 800 West 47th Street, Suite 420, Kansas City, MO 64112; 816-531-8898,
Fax 531-8818. Candy
Kitchen Shoppes operates 24 locations in DE, MD and VA.
The candy stores occupy spaces of 600 sq.ft. to 1,500 sq.ft. in outlet and
specialty stores. Plans call for as many as
five openings in the coming 18 months. Expansion
will take place in NC and VA. Leases running
three to five years are typical. For more information, contact Bruce Leiner, Candy
Kitchen Shoppes, 5301 Coastal Highway, Ocean City, MD 21842; 410-524-6002, Fax 524-3814. Golden
Corral Corp. operates 490 locations nationwide. The
family restaurants occupy spaces of 6,700 sq.ft. to 11,500 sq.ft. in freestanding
facilities, outlet, specialty and strip centers. Preferred
anchors include Wal*Mart, Kmart, department stores and supermarkets. Plans call for 70 openings in the coming 18
months. Expansion will take place nationwide. Preferred demographics include a population of
25,000 within three miles earning $27,000 as the average income. Leases running 10 to 15 years are typical and the
company is franchising. For more information, contact Ronald Marino,
Golden Corral Corp., 5151 Glenwood Avenue, Raleigh, NC 27612; 919-781-9310, Fax 881-4654. Nathans
Famous, Inc. operates 231 locations nationwide. The
fast food restaurants occupy spaces of 600 sq.ft. to 3,000 sq.ft. in regional malls. Plans call for 75 openings in the coming 18
months. Expansion will take place nationwide. For more information, contact Carl Paley, Nathans
Famous, Inc., 1400 Old Country Road, Suite 400, Westbury, NY 11590; 516-338-8500, Fax
338-7220. OSF
International, Inc. trades as Old Spaghetti Factory at 33 locations in CA, CO, GA, HI, IN,
KY, MA, MN, MO, NC, OH, OR, TN, UT and WA. The
restaurants occupy spaces of 12,000 sq.ft. in freestanding facilities, regional malls,
power and specialty centers. Plans call for
two openings in the coming 18 months. Expansion
will take place in either CA, the Seattle-Tacoma, WA area or the St. Louis/Kansas City, MO
area. Leases running 25 years are typical. For more information, contact Robert Martin, OSF
International, Inc., 715 SW Bancroft Street, Portland, OR 97201; 503-225-0433, Fax
226-6214. Carvel
Corp. trades as Carvel Ice Cream Bakery at 460 locations in CA, CT, FL, GA, MD, MA, NH,
NJ, NY, NV, NC, PA, RI, SC, TN and VA. The
stores, selling ice cream cakes as well as soft and hard ice cream, occupy spaces of 1,000
sq.ft. to 1,500 sq.ft. in freestanding facilities, power centers and regional malls. Preferred anchors include supermarkets. Plans call for 10 openings in the coming 18
months. Expansion will take place along the
East Coast. Preferred demographics include a
population of 25,000 within one mile earning $35,000 as the average income. Leases running 10 years, with two five-year
options, are typical and the company is franchising. For more information, contact Tom Kornacki, Carvel
Corp., 20 Batterson Park Road, Farmington, CT 06032; 203-677-6811, Fax 677-8211. Bob
Evans Farms, Inc. operates 390 locations in OH, IN, MI, PA, KY, WV, VA, FL, TN, NY, NJ,
IL, IA, TX, MO, MD, DE and SC. The family
restaurants occupy spaces of 4,292 sq.ft. to 6,000 sq.ft. in freestanding facilities. Preferred anchors include Kmart, Wal*Mart,
department stores and supermarkets. Plans
call for 40 openings in the coming 18 months. Expansion
will take place in the existing markets as well as MA and NC. Preferred demographics include a population of
30,000 within three miles earning $30,000 as the average income. Leases running 20 years, with three five-year
options, are typical. For more information, contact Stephen Warehime,
Bob Evans Farms, Inc., 3776 South High Street, Columbus, OH 43207; 614-492-4941, Fax
492-4990. Mr.
Goodcents Franchise Systems, Inc. trades as Mr. Goodcents Subs & Pastas at 103
locations in AR, AZ, CA, CO, FL, IA, KS, KY, MI, MO, NE, NV, OK, SD and TX. The restaurants, serving pasta and sandwiches,
occupy spaces of 1,400 sq.ft. to 2,000 sq.ft. in freestanding facilities and strip
centers. Preferred anchors include
Blockbuster Video. Plans call for 60 openings
in the coming 18 months. Expansion will take
place nationwide. Preferred demographics
include a population of 50,000 within three miles earning $40,000 as the average income. Leases running five years, with a five-year
option, are typical and the company is franchising. For more information, contact Brian Burget, Mr.
Goodcents Franchise Systems, Inc., 16210 West 110th Street, Lenexa, KS 66219;
913-888-9800, Fax 888-8477. Casa
Ole Restaurants, Inc. trades as Casa Ole Restaurant at 41 locations in LA and TX. The restaurants occupy spaces of 4,000 sq.ft. to
5,000 sq.ft. in freestanding facilities. Preferred
anchors include Wal*Mart. Plans call for as
many as 10 openings in the coming 18 months. Expansion
will take place throughout the Southeastern, Southwestern and Mountain state regions. The company is franchising. For more information, contact Lou Neeb, Casa Ole
Restaurants, Inc., 1135 Edgebrook, Houston, TX 77034; 713-943-7574, Fax 943-9554. Austins
Steaks & Saloon, Inc. trades as Austins Steaks & Saloon at eight locations in AZ,
NE and NM. The steak houses occupy spaces of
5,500 sq.ft. to 6,500 sq.ft. in freestanding facilities.
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 Sydney Sweet,
Austins Steaks & Saloon, Inc., 6940 O Street, Suite 334, Lincoln, NE 68510;
402-466-2333, Fax 466-3579. Andre-Boudin
Bakeries trades as Boudin Bakery & Cafe at 34 locations in CA and IL. The cafes occupy spaces of 500 sq.ft. to 2,000
sq.ft. in regional malls. Plans call for 10
openings in the coming 18 months. Expansion
will take place in Southern CA. For more information, contact Tim O'Shea,
Andre-Boudin Bakeries, 132 Hawthorne Street, San Francisco, CA 94107; 415-882-1849, Fax
882-1818. America's
Favorite Chicken Co. trades as Church's Chicken and Popeye's at more than 1,000 locations
worldwide. The fast food chicken restaurants
occupy spaces of 750 sq.ft. to 2,100 sq.ft. in freestanding facilities. Plans call for 165 openings in the coming 18
months. Expansion will take place worldwide. For more information, contact Terry Conley,
America's Favorite Chicken Co., 6 Concourse Parkway #1700, Atlanta, GA 30328;
770-391-9500, Fax 353-3074. 50
Below operates four locations throughout IN. The
stores, specializing in frozen foods, occupy spaces of 2,500 sq.ft. in power and strip
centers. Plans call for 12 openings in the
coming 18 months. Expansion will take place
within a three-hour drive of Indianapolis, IN. For more information, contact Tom Martin, 50
Below, 645 West Carmel Drive, Carmel, IN 46302; 317-846-1736. Bullets
Corporation of America does business as Bullets at 30 locations in DE, GA, KY, MS, NV, NC
and VA. The fast food restaurants, some of
which feature a double drive-thru, occupy spaces of 500 sq.ft. to 2,200 sq.ft. in
freestanding facilities and regional malls. Plans
call for 100 openings in the coming 18 months. Expansion
will take place nationwide. Preferred
demographics include a population of 10,000 within one mile earning $35,000 as the average
income. Leases running 20 years are typical. For more information, contact Dan McMurtrie,
Bullets Corporation of America, 9201 Forest Hill Avenue #109; Richmond, VA 23235;
804-330-0837, Fax 330-5405. Capital
Management Development Corp. trades as Paolo's, J. Paul's, Old Glory, Pik-A-Pita, Georgia
Brown and Georgetown Seafood Grille at 15 locations in MD, VA 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 two openings in the coming 18
months. Expansion will take place in MD and
Washington, D.C. For more information, contact Steven Fairbanks,
Capital Management Development Corp., 1305 Wisconsin Avenue NW, Washington, D.C. 20007;
202-333-7336, Fax 333-6395. Chesapeake
Bagel Bakery operates 137 locations nationwide. The
bagel bakeries, which also serve sandwiches, occupy spaces of 1,800 sq.ft. to 2,400 sq.ft.
in freestanding facilities and strip centers. Plans
call for 200 openings in the coming 18 months. Expansion
will take place nationwide. For more information, contact Whitney Myrus,
Chesapeake Bagel Bakery, 6832 Old Dominion Drive, McLean, VA 22101; 703-893-0167, Fax
893-0168. Daka
International, Inc. trades as Fuddruckers at 348 locations worldwide. The restaurants, which specialize in gourmet
hamburgers, occupy spaces of 4,800 sq.ft. to 5,900 sq.ft. in freestanding facilities,
power centers and regional malls. Plans call
for 35 openings in the coming 18 months. Expansion
will take place worldwide. For more information, contact William Freeman,
Daka International, Inc., 55 Ferncroft Road, Danvers, MA 01923-4001; 508-774-9900, Fax
774-8485. Dankos
Enterprises, Inc. trades as Aunt Sarah's Pancake House at 17 locations in NC and VA. The restaurants, serving breakfast, occupy spaces
of 4,500 sq.ft. to 7,000 sq.ft. in freestanding facilities.
Plans call for five openings in the coming 18 months. Expansion will take place in MD. The company is franchising. For more information, contact Glenn Dankos, Dankos
Enterprises, Inc., PO Box 9504, Richmond, VA 23228; 804-264-9189, Fax 266-1255. Diversifoods,
Inc. does business as Tropik Sun at 99 locations nationwide. The stores, selling candy and snacks, occupy
spaces of 180 sq.ft. to 800 sq.ft. in power centers and regional malls. Plans call for 15 openings in the coming 18
months. Expansion will take place nationwide. For more information, contact Harry Wellard,
Diversifoods, Inc. 37 Sherwood, Suite 101, Lake Bluff, IL 60044; 847-234-3407, Fax
234-3856. Donut
Inn operates 300 locations in CA, NV, Argentina, Bahrain and Indonesia. The restaurants, serving doughnuts, baked goods
and specialty coffees, occupy spaces of 100 sq.ft. to 6,000 sq.ft. in freestanding
facilities, regional malls and strip centers. Plans
call for as many as 40 openings in the coming 18 months.
Expansion will take place nationwide. The
company is also looking to locate units in non-traditional sites. For more information, contact Art Pfefferman,
Donut Inn, 22120 Clarendon, Suite 110, Woodland Hills, CA 91367; 800-422-5379, Fax
818-888-2893. PJ's
USA, Inc. trades as PJ's Coffee & Tea Cafes at 17 locations in FL, LA, MS, NC and TX. The cafes occupy spaces of 1,000 sq.ft. to 2,000
sq.ft. in downtown store fronts and strip centers. Preferred
anchors include Blockbuster Video, bookstores and gyms.
Plans call for 25 openings in the coming 18 months.
Expansion will take place in AL, AR, GA and TN.
Preferred demographics include a population of 25,000 within two miles earning
$30,000 as the average income. Leases running
five years are typical and the company, which cites Starbucks and New World as
competition, is franchising. For more information, contact Phyllis Jordan, PJ's
USA, Inc., 500 North Hagan Avenue, New Orleans, LA 70119; 504-486-2827, Fax 486-2345. Haber
Enterprises does business as Chicago Hot Dog, Swiss Pretzel and Famous Corn Dogs at 190
locations nationwide. The restaurants,
specializing in Chicago-style hot dogs, pretzels and corn dogs, occupy spaces of 150
sq.ft. to 700 sq.ft. in regional malls. Plans
call for as many as 12 openings in the coming 18 months.
Expansion will take place nationwide. Preferred
demographics include a population of 100,000 within one mile. For more information, contact Michael Sternik,
Haber Enterprises, 24293 Telegraph Road, Southfield, MI 48034; 810-353-0730, Fax 353-7592. Golden
Franchising Corp. trades as Golden Fried Chicken at 106 locations in AR, AZ, OK, TX and
Mexico. The restaurants, specializing in
chicken dishes, occupy spaces of 1,800 sq.ft. in freestanding facilities. Preferred anchors include Wal*Mart and
supermarkets. Plans call for 12 openings in
the coming 18 months. Expansion will take
place in the existing markets. Preferred
demographics include a population of 10,000 within three miles. Leases running five years are typical and the
company is franchising. For more information, contact Victor Erwin, Golden
Franchising Corp., 11488 Luna, Dallas, TX 75234; 214-831-0911, Fax 831-0401. Kernels
Popcorn Ltd. trades as Kernels at 65 locations throughout Canada. The stores, selling popcorn and gift packages,
occupy spaces of 600 sq.ft. to 1,100 sq.ft. in regional malls. Plans call for 10 openings in the coming 18
months. Expansion will take place in the
existing market as well as internationally. For more information, contact Scott Steiman,
Kernels Popcorn Ltd., 40 Eglinton Avenue East, Suite 250, Toronto, Ontario, Canada M4P
3A2; 416-487-4194, Fax 487-3920. Lead
Sheet Big
"M", Inc. dba
Afaze Kenneth
Mandelbaum 12
Vreeland Avenue Totowa,
NJ 07512 201-890-0021,
Fax 890-4075 Accessories The
eight-unit chain operates locations in CT, NJ and NY.
The stores, selling accessories for men, women and children, occupy spaces of 800
sq.ft. to 1,000 sq.ft. in downtown store fronts and regional malls. Plans call for two openings in the coming 18
months. Expansion will take place within the
existing markets. Gregg
Appliances, Inc. dba
H.H. Gregg Jerry
Throgmartin 4151
East 96th Street Indianapolis,
IN 46240 317-848-8710,
Fax 848-8723 Appliances The
16-unit chain operates locations in AL, IN, LA, MS, TN and TX. The stores, selling appliances and electronics,
occupy spaces of 25,000 sq.ft. in freestanding facilities.
Growth opportunities are sought in AL, FL, KY and TN. Frank's
Nursery & Crafts dba
Frank's Super Crafts Mike
Melaniphi 6501
East Nevada Avenue Detroit,
MI 48234 313-564-2266,
Fax 564-2250 Arts
& Crafts The
261-unit chain operates locations nationwide. The
stores, selling arts, crafts and nursery items, occupy spaces of 40,000 sq.ft. in
freestanding facilities, power and strip centers. Plans
call for two openings during 1997 and as many as 12 openings during 1998. Expansion will take place nationwide. Bob
Bolen's, Inc. dba
Bolen's, Jan's Hallmark, Mason's Hallmark Mason
Townsend 3038
SE Loop 820 Fort
Worth, TX 76140 817-568-2006,
Fax 568-2008 Cards
& Gifts The
18-unit chain operates locations in TX. The
stores, selling greeting cards and gifts, occupy spaces of 3,000 sq.ft. in regional malls
and strip centers. Growth opportunities are
sought in the existing market. Bargain
Land dba
Deal Town Discounts Charles
Gelo 260
Prospect Park West Brooklyn,
NY 11215 718-965-4680,
Fax 965-0083 Discount The
six-unit chain operates locations in NY. The
discount stores, selling general merchandise, occupy spaces of 6,000 sq.ft. to 10,000
sq.ft. in freestanding facilities. Plans
call for three openings in the coming 18 months. Expansion
will take place within the existing market. Cleaning
Concepts, Inc. dba La
Fresca Environmental Dry Cleaning Gerald
David 4107
West Magnolia Boulevard, Suite 8 Burbank,
CA 91505 800-866-4742,
Fax 818-848-4934 Dry
Cleaners The
two-unit chain operates locations in AZ and CA. The
dry cleaners, which are dedicated to the environmental concept in dry cleaning, occupy
spaces of 2,500 sq.ft. in end cap spaces of strip centers and 3,500 sq.ft. on pad sites of
shopping centers. Plans call for 35 openings
in the coming 18 months. Expansion will take
place nationwide. Cinema
'N Drafthouse/Cinema Grill dba
Cinema Grill Brian
Henry 201
North Wells Street Chicago,
IL 60606 312-849-3100,
Fax 849-2041 Entertainment The
19-unit chain operates locations in AZ, CO, FL, GA, IL, MN, NC, SC, TX, VA and Washington,
D.C. The concept, featuring movies while
serving food and spirits, occupies spaces of 8,000 sq.ft. to 15,000 sq.ft. in freestanding
facilities, power, specialty and strip centers. Plans
call for 10 openings annually. Expansion will
take place in RI, VT; Huntsville and Mobile, AL; Phoenix, AZ; Danbury, CT; Atlanta, GA;
Baltimore, MD; Raleigh and Winston-Salem, NC; Philadelphia, PA; Greensboro, SC; Memphis,
TN and Dallas, TX. Conroy's
Flowers/1-800-FLOWERS Brian
McGee 1600
Stewart Avenue Westbury,
NY 11590 516-237-6000,
Fax 237-6097 Florist The
130-unit chain operates locations in AZ, CA, FL, GA, IL, MO, NJ, NM, NY and TX. The florists occupy spaces of 2,000 sq.ft. in
freestanding facilities and power centers. Plans
call for 150 openings through 1998. Expansion
will take place in CA, CT, NJ, NY, TX and southeastern FL.
The company is franchising. Big
Sur Waterbeds Jerry
Meyering 13333
East 37th Avenue Denver,
CO 80239 303-371-8560,
Fax 373-9305 Furniture The
84-unit chain operates locations nationwide. The
stores, selling waterbeds, occupy spaces of 15,000 sq.ft. in freestanding facilities. Growth opportunities are sought nationwide. The
Connoisseur Sandy
French 201
Torrance Boulevard Redondo
Beach, CA 90277 310-374-9768,
Fax 372-9097 Gifts The
seven-unit chain operates locations in AZ, CA, CO, IL and NH. The stores, selling personalized gifts, crystal
and gourmet foods, occupy spaces of 1,400 sq.ft. to 1,600 sq.ft. in regional malls and
upscale strip centers. Growth opportunities
are sought nationwide. Euromarket
Design, Inc. dba
The Crate and Barrel Tony
Garripo 725
Landwehr Road Northbrook,
IL 60062 847-272-2888,
Fax 272-6841 Housewares The
68-unit chain operates locations in CA, CO, CT, FL, GA, IL, ME, MD, MA, MI, MN, NY, TX, VA
and Washington, D.C. The stores, selling
housewares and home furnishings, occupy spaces of 13,000 sq.ft. in regional malls. Plans call for three openings in the coming 18
months. Expansion will take place in CA, CT,
NJ or NY. Leases running 15 years are
typical. Chain
Reaction, Inc. dba
Chain Reaction Jewelers Lawrence
Weinberg 3111
North University Drive, Suite 604 Coral
Springs, FL 33065 954-796-2060,
Fax 796-2066 Jewelry The
11-unit chain operates locations in CA, FL, PA and VA.
The stores, selling moderately-priced jewelry, occupy spaces of 1,200 sq.ft. in
outlet centers and regional malls. Growth
opportunities are sought nationwide. E.B.
Brown Opticals dba
Magnuson Optical Gordon
Safran 1549
East 30th Street Cleveland,
OH 44114 216-241-0474,
Fax 241-4563 Optical The
42-unit chain operates locations in OH and PA. The
stores, selling eyewear and hearing aids, occupy spaces of 1,000 sq.ft. in power centers
and regional malls. Plans call for two
openings in the coming 18 months. Expansion
will take place in the existing markets. Dodd
Camera & Video Richard
Greiner, Jr. 2077
East 30th Street Cleveland,
OH 44115 216-361-6811,
Fax 361-6819 Photo The
10-unit chain operates locations in OH. The
stores, selling cameras, video equipment and photographic supplies, occupy spaces of 500
sq.ft. to 3,200 sq.ft. in strip centers. Growth
opportunities are sought in the existing market. Allied
Sporting Goods Armand
Essig PO Box
32200 Louisville,
KY 40232 502-473-4700,
Ext. 227, Fax 473-4800 Sporting
Goods The
16-unit chain operates locations in KY and IN. The
sporting goods stores occupy spaces of 7,500 sq.ft. to 12,000 sq.ft. in freestanding
facilities, power and strip centers. Plans
call for two openings in the coming 18 months. Expansion
will take place in the existing markets. Family
Dollar Store Gil La
Fare PO Box
1017 Charlotte,
NC 28201-1017 704-847-6961,
Fax 847-0189 Variety The
2,600-unit chain operates locations from ME to FL, southwest to NM and northwest to ND. The stores, selling discounted general
merchandise, occupy spaces of 7,000 sq.ft. to 8,000 sq.ft. in freestanding facilities and
strip centers. Plans call for 235 openings in
the coming 18 months. Expansion will take
place nationwide. Video
Galaxy, Inc. dba
Video Galaxy William
Corbin PO Box
653 Windsor
Locks, CT 06096 860-627-8357,
Fax 627-8357 Video The
24-unit chain operates locations in CT, MA and NH. The
video stores occupy spaces of 5,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include convenience stores and
supermarkets. Plans call for as many as 15
openings in the coming 18 months. Expansion
will take place in CT and MA. Preferred
demographics include a population of 30,000 within three miles. Leases running three to five years are typical. Exclusives:
Leasing & Management Assignments Renaissance
Properties (908-972-2900) has been named the exclusive leasing and managing agent for Tops
Plaza in Edison, NJ. The 155,400 sq.ft.
project is anchored by Tops Appliance, A.C. Moore, Asian Market, Rite Aid, Marty's Shoes
and Edison Children's Center. Approximately
4,600 sq.ft. remains available for lease. CB
Commercial Real Estate Group, Inc. (714-458-5200) has been awarded the marketing and
leasing contract for Plaza Pacifica in San Clemente, CA.
The 450,000 sq.ft. project, which is expected to be developed next year will be
anchored by Wal*Mart, SoCal Cinemas, Applebee's Neighborhood Grill & Bar, Carl's Jr.
and Taco Bell. Gadco
Real Estate Company, Inc. (305-868-9188) has been retained by Walgreens to sublease four
south FL Walgreen stores. Sites range in size
from 2,000 sq.ft. to 14,500 sq.ft. and are located in Riveria Beach, FL and Miami, FL. Sevell*Duncan
Realty Services, Inc. (407-995-0100) exclusively represents Office Depot in FL in its
disposition of four former Office Depot stores. The
sites range in size from 6,000 sq.ft. to 22,890 sq.ft. and are located in Bradenton, Coral
Gables, Lakeland and Miami. The company
exclusively represents Levitz Furniture in subleasing a freestanding 40,000 sq.ft. store
in Tampa, FL. The base rent is $6 psf plus
$1.63 in CAM/taxes and the initial lease term expires September 2007. The company also exclusively represents Winn-Dixie
in FL in its disposition of 29 former Winn-Dixie supermarkets. Sites range in size from 16,048 sq.ft. to 73,890
sq.ft. and are located in Boynton Beach, Crestview, Crystal River, Davie, Delray Beach,
Fort Myers North, Gainesville, Green Cove Spring, Hialeah, Hudson, Jacksonville,
Jacksonville Beach, Juno Beach, Jupiter, Longwood, North Miami, South Miami, Miramar, New
Smyrna Beach, Orlando, Panama City, Perry, Spring Hill, Sunrise, Venice, Williston and
Winter Haven. Metro
Commercial Real Estate, Inc. (609-866-1900) has been named the exclusive leasing agent for
a 25,000 sq.ft. former Silo store located at Riverview Plaza, a 90,000 sq.ft. project in
Philadelphia, PA. KLNB,
Inc. (410-321-0100) has been named the exclusive leasing agent for Woodbridge Station in
Edgewood, MD. The 20,000 sq.ft. project is
anchored by Revco Drug Store, Popeye's Chicken and Bagel & More. Approximately 4,000 sq.ft. remains available for
lease. Embree
Asset Group, Inc. (512-314-8300) is a nationwide turnkey build-to-suit developer
specializing in single tenant restaurants and retail.
EAG seeks regional and national tenants interested in leasing freestanding
buildings in all markets. As a turnkey
developer, EAG will acquire the site, perform all design, permitting and construction and
provide a 10 to 20 year NNN lease. Multiple
sites required. Space
Place Florida Lake
City- Lake City Plaza is anchored by Foodland
and Dollar General. The project has a 6,000
sq.ft. freestanding space and a 4,000 sq.ft. in-line space, which is sub-dividable,
available for lease. For details, contact Joan Cook of Realty Corp.
International at (954-344-7700), Fax (344-9177). Michigan Southgate- Dix Eureka Shopping Center is anchored by T.J.
Maxx, OfficeMax, Clothestime and Dot's. The
project has a 7,600 sq.ft. space available for lease.
In Westland- Spaces from 5,700 sq.ft.
to 10,000 sq.ft. are available for lease. The
site is located near Westland Mall, OfficeMax, Best Buy, Sears, Dick's Sporting Goods and
Circuit City. For details, contact Glenn Hirsch of Source Real
Estate & Investment Company at (810-799-3030), Fax (799-3035). Warren- Warren Village is anchored by Dreamland Sleep
Center. The 9,228 sq.ft. project has spaces
of 1,476 sq.ft., 1,780 sq.ft. and 3,256 sq.ft. available for lease. For details, contact Dante Mananolk of Cody Olson,
Inc. at (810-745-1900), Fax (745-1909). New
York Brewster- Brewster Mall is anchored by Key Bank. The project has two 12,000 sq.ft. spaces available
for lease. The site is located near Danbury
Mall in Danbury, CT. For details, contact Nick Gatanas of Axxion Realty
at (718-358-4200), Fax (961-4098). Brooklyn- Kings Plaza is anchored by Macy's and Sears
(coming in 1997). The 1.2 million sq.ft.
project has approximately 30,000 sq.ft. available for lease. Demographics include a five-mile population of
three million earning $45,000 as the average income.
In Johnson City- Oakdale Mall is
anchored by Sears, J.C. Penney, Montgomery Ward, Bon-Ton and Bradlees. The one million sq.ft. project has spaces of 4,500
sq.ft., 6,000 sq.ft. and 13,000 sq.ft. available for lease. For details, contact Edmond Ezra of Vornado Realty
Trust at (201-587-1000), Fax (587-0600). Hyde
Park- Hyde Park Mall is anchored by ShopRite,
CVS and Radio Shack. The 130,000 sq.ft.
project has a 63,600 sq.ft. former Jamesway, which can be divided, available for lease. Part of the space will be rented for automotive
uses. Also available for lease is a 15,000
sq.ft. expansion area adjacent to ShopRite. For details, contact John Azarian of Azarian
Management & Development Company at (201-444-9888). Ohio Sylvania- Sylvania Marketplace is anchored by The Pharm 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. The
project is located near Franklin Park Mall. In
Toledo- Dorr Plaza is anchored by Rite Aid. The 38,805 sq.ft. project has spaces of 1,746
sq.ft., 2,000 sq.ft. and 11,460 sq.ft. available for lease.
Demographics include a five-mile population of 226,190 earning $37,177 as the
average income. For details, contact William Cosgrove or Sam
Zyndorf of Zyndorf/Serchuk, Inc. at (419-249-7070), Fax (255-2439). Virginia Manassas- Manassas Mall is anchored by Hecht's, Montgomery
Ward, Sears, Leggett and Target. The 934,117
sq.ft. project has spaces from 600 sq.ft. to 25,000 sq.ft. available for lease. Demographics include a five-mile population of
250,000 earning $55,000 as the average income. For details, contact Victor Ambrosio of Vornado
Realty Trust at (201-587-1000), Fax (587-0600). Lease
Signings Kossman
Development Company (412-922-1741) leased 3,000 sq.ft. to Kitchen Collections at Parkway
Center Mall in Pittsburgh, PA. CBL
& Associates Properties, Inc. (423-855-0001) leased 5,808 sq.ft. to Olympia Sporting
Goods, 4,555 sq.ft. to Kirkland's, 2,550 sq.ft. to Cyber Station, 1,911 sq.ft. to
Friedman's Jewelers, 1,228 sq.ft. to General Nutrition Center, 1,055 sq.ft. to Claire's
Accessories, 666 sq.ft. to A+ Network, 992 sq.ft. to Sbarro, 822 sq.ft. to Chick-fil-A and
637 sq.ft. to Chao Praya Chinese Eatery at Bonita Lakes Mall in Meridian, MS. Mid-America
Real Estate Corp. (630-954-7300) leased 16,000 sq.ft. to Powerhouse Gym in Chicago, IL;
6,900 sq.ft. to Hollywood Video in Chicago, IL; 25,000 sq.ft. to CompUSA in a former
Today's Man space at Westridge Court in Aurora, IL; 25,000 sq.ft. to CompUSA at Woodfield
Commons West Shopping Center in Schaumburg, IL; 12,000 sq.ft. to Coomers Crafts at
Bloomingdale Court Shopping Center in Bloomingdale, IL; 3,288 sq.ft. to A Total Tan at
Market Plaza Shopping Center in Glen Ellyn, IL; 1,600 sq.ft. to American Vision Centers at
Woodgrove Festival in Woodridge, IL and 1,200 sq.ft. to Egghead Software at Clark
Wellington Shopping Center in Chicago, IL. Grubb
& Ellis Commercial Real Estate Services (714-937-0881) leased 90,000 sq.ft. of land
for a 22,000 sq.ft. store to Pep Boys in Chino, CA. CB
Commercial Real Estate Group (847-948-5510) leased 10,000 sq.ft. to Hollywood Video in
Evergreen Park, IL; 8,529 sq.ft. to Cinema Adventure at Golfwood Square in Schaumburg, IL;
3,600 sq.ft. to Swingles Furniture Rental at Golf Paddock Shopping Center in Rolling
Meadows, IL; 2,188 sq.ft. to Three Wishes Gift Basket at River Square Shopping Center in
Naperville, IL; 1,800 sq.ft. to Dobbs Temporary at The Grove Shopping Center in Buffalo
Grove, IL; 1,640 sq.ft. to Cookies-By-Design at Ravinia Plaza in Orland Park, IL; 1,254
sq.ft. to Courtyard Cabinetry in Lake Forest, IL and 1,050 sq.ft. to All Cleaners at
Hobson West Center in Naperville, IL. Hiffman
Shaffer Associates, Inc. (312-332-3555) leased 19,000 sq.ft. to Power House Gym at
Concorde Green Shopping Center in Glendale Heights, IL. Charles
Wayne Properties, Inc. (904-238-3600) leased 18,806 sq.ft. to Smart & Final at Daytona
Mall in Daytona Beach, FL. John
A. Robbins Companies (610-668-6200) leased 1,000 sq.ft. to Microplay at Prices Corner
Shopping Center in Wilmington, DE; 1,600 sq.ft. to Pet Pantry at New Britain Town Shopping
Center in New Britain, PA and a pad site to Wendy's Old Fashioned Hamburgers at Doylestown
Shopping Center in Doylestown, PA. Midland
Group (314-576-1900) leased 45,000 sq.ft. to Ruby Tuesday Restaurant in St. Louis, MO;
6,000 sq.ft. to Hollywood Entertainment in St. Louis, MO; 12,500 sq.ft. to Hollywood
Entertainment at Forum Center in St. Louis, MO; 4,700 sq.ft. to Krupinski Dance and 1,889
sq.ft. to The Countian at Lamp & Lantern Village Shopping Center in St. Louis, MO;
3,300 sq.ft. to Maggie Beauty Emporium at St. Louis Marketplace Shopping Center in St.
Louis, MO; 1,538 sq.ft. to General Nutrition Center in Florissant, MO and 1,500 sq.ft. to
The Coffee Link at Dorsett Center in Maryland Heights, MO. Kimco
Realty Corporation (516-869-9000) leased 50,000 sq.ft. to J.C. Penney for a Home Store in
Lake Grove, NY. |