Issue Number 36 for the week of October 6, 1997
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The Dealmakers Issue Number 36 for the week of October 6, 1997.

Retailers Expanding into The Virginia Market

Henry Modell & Co., Inc. trades as Modell's Sporting Goods at 75 locations in MD, NJ, NY, PA and VA. The sporting goods stores occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in power centers and regional malls. Preferred co-tenants include Circuit City, Target, TJ Maxx, HomePlace and big box bookstores. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 15 years are typical and the company cites Sports Authority and Sneaker Stadium as competition.

For more information, contact Aaron Fleishaker, Henry Modell & Co., Inc., 400 7th Avenue, 20th Floor, New York, NY 10010; 212-822-1055, Fax 822-1090.

Red River Barbeque & Grille operates four locations in MD, PA and VA. The restaurants, specializing in Southwestern and barbeque food, occupy spaces of 5,700 sq.ft. in freestanding facilities and end caps of strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Andrew Batch, Red River Barbeque & Grille, 1117 Lake Heron Drive, Suite 2B, Annapolis, MD 410-271-1332, Fax 269-5726. The company prefers written proposals.

Hannaford Brothers Co. (Southeast Division) trades as Hannaford, Wilson's and The Grocery Store at 47 locations in NC, SC and VA. The supermarkets occupy spaces of 55,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Tom Haller Hannaford Brothers Co. (Southeast Division), 960 Aviation Parkway, Morrisville, NC 27560; 919-575-5600, Fax 575-5661.

Holzman Jewelers trades as Mussellman Jewelers at 28 locations in NJ, PA, VA and WV. The jewelry stores occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in outlet centers and regional malls. Growth opportunities are sought in the existing markets.

For more information, contact Andrew Mitchell, Holzman Jewelers, 849 West State Street, Trenton, NJ 08618; 609-695-3404, Fax 695-3424.

Scarbrough Management Corp. does business as Burger King, El Pollo Loco, Chili's and On The Border at 38 locations in CA, HI and VA. The restaurants occupy spaces of 3,000 sq.ft. in freestanding facilities and power centers. Plans call for at least 10 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 100,000 within three miles earning at least $40,000 as the average income. Leases running 20 years, with options, are typical.

For more information, contact William Scarbrough, Scarbrough Management Corp., 2238 Camino Ramon, San Ramon, CA 94583; 510-866-8424, Fax 866-8426.

The Children's Place trades as The Children's Place and The Children's Outlet at 120 locations in CT, FL, IL, IN, KY, ME, MD, MA, MI, MN, NH, NJ, NY, NC, OH, PA, SC, TN and VA. The children's apparel stores occupy spaces of 3,500 sq.ft. in downtown store fronts, outlet centers and regional malls. Preferred anchors include Macy's and JC Penney. Plans call for 70 openings in the coming 18 months. Expansion will take place in GA, IL, IN, KY, MI, MO, NC, SC, VA and WI. Preferred demographics include a population of 250,000 earning $35,000 as the average income within the trade area. Leases running 10 years are typical.

For more information, contact Mario Ciampi, The Children's Place, 1 Dodge Drive, West Caldwell, NJ 07006-6713; 201-227-8900, Fax 227-2812.

Lem Markets, Inc. does business as Sav-A-Lot, Star Value, Jiffy Stores and S&R at 16 locations in NC and VA. The supermarkets (Sav-A-Lot and Star Value) occupy spaces of 12,000 sq.ft. to 25,000 sq.ft. while the convenience stores (Jiffy Stores and S&R) occupy spaces of 2,500 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets. Leases running five years are typical.

For more information, contact Lloyd Bost, Lem Markets, Inc., 1523 Wilborn Avenue, South Boston, VA 24592-2425; 804-575-7002, Fax 575-5340.

That's Amore, Inc. trades as That's Amore at six locations in MD and VA. The Italian restaurants occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets as well as in the Philadelphia, PA and San Francisco, CA metropolitan areas.

For more information, contact Fred Berman, That's Amore, Inc., 2401 Research Boulevard, Suite 110, Rockville, MD 20850; 301-670-2890, Fax 670-2899.

Stop In Food Stores, Inc. trades as Stop In Food Store at 56 locations in VA and WV. The convenience stores occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in freestanding facilities. Plans call for five openings in the coming 18 months. Expansion will take place in eastern VA, NC and WV. Leases running 20 years are typical.

For more information, contact Ronald Hare, Stop In Food Stores, Inc., 3000 Ogden, Roanoke, VA 24014-2157; 540-772-4900, Fax 772-6900.

Ledo Pizza System, Inc. trades as Ledo Pizza at 41 locations in MD, PA, VA and Washington, D.C. The Italian restaurants occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for six openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 20 years are typical and the company is franchising.

For more information, contact Robert Beall, Ledo Pizza System, Inc., 6011 Greenbelt Road, College Park, MD 20740-2315; 301-474-7551, Fax 474-1870.

 

Buyers & Sellers

Sigma National, Inc. represented Marshall Field Stores, Inc. in its acquisition of a 12 acre land parcel at Monticello Marketplace in Williamsburg, VA. The company plans to develop a 122,000 sq.ft. Target store on the site. The store is expected to open during Fall 1998.

For more information, contact Tred Spratley at (804-320-6100).

James E. Hanson, Inc. brokered the sale of a 20,500 sq.ft. former F.W. Woolworth building in Middletown, NY to the city of Middletown.

For more information, contact Judy Troiano at (201-488-5800).

Harvey Lindsay Commercial Real Estate brokered the sale of a 1.5 acre parcel of land in Suffolk, VA to Chasmar Properties, a local Burger King franchisee. The company, which paid $400,000 for the site, plans to develop a combination Burger King and convenience store with a gas station on the site.

For more information, contact Jim Owens at (757-640-8700).

U.S. Restaurant Properties Master L.P. recently completed the acquisition of 15 properties that brings the total number of properties in their portfolio to 507.

For more information, contact Michael Warren at (972-387-1487).

United Commercial Realty brokered the sale of 5.25 acres of land to Albertson's in Watauga, TX. The seller was United Watauga, Ltd.

For more information, contact Stan Lotridge at (214-526-6262).

The Price REIT recently acquired Renaissance Centre on Orlando, FL for $33.5 million and the West Farms Shopping Center in Farmington, CT for $20 million.

For more information, contact The Price REIT at (213-937-8200).

Michael Salove Company Commercial Real Estate represented Sears, Roebuck & Co. in its purchase of a parcel of land formerly occupied by Inn Flight Restaurant in Oxford Valley, PA. Sears plans to construct a 12,000 sq.ft. Sears Auto Center on the site. A Spring 1997 opening is planned.

For more information, contact Steven Gartner or Michael Salove at (610-664-8100).

Charter Realty & Development Corp. and Weingarten Properties jointly have acquired St. Lawrence Plaza in Massena, NY. The 160,000 sq.ft. project is anchored by BJ Wholesale Club and Sun Foods. An anchor position of 135,000 sq.ft. is available for lease.

For more information, contact Charter Realty & Development Corp. at (203-629-3939).

Metro Commercial Real Estate, Inc. represented Children's World Learning Centers, Inc. in its acquisition of 2.222 acres of land in Hudson, OH. The company plans to develop an 8,400 sq.ft. child care center on the site.

For more information, contact Mark Gerlach at (609-866-1900).

 

Sources of Financing

Westminster Realty Company (561-391-1737) recently arranged fixed rate, long term mortgage financing in the amount of $15.3 million for Promenade Shopping Center in Palm Beach Gardens, FL. The 206,237 sq.ft. project is anchored by Publix, United Artists Movie Theaters and Eckerd Drugs.

Manhattan Bagel Company, Inc. (908-544-0155) recently announced that Phoenix Financial has agreed to provide up to $10 million in financing for new and existing franchises. The program offers 100% financing for store build-outs and equipment for franchisees who fulfill the lender's working capital conditions. Franchisees are required to give a personal guarantee, but will not be required to secure the guarantee with their personal assets. The loans carry no contingent liability to Manhattan Bagel Company.

Ocwen Asset Investment Corp. (561-681-8957) recently acquired mortgage loans with an outstanding balance of $38.2 million Canadian dollars. The loans were acquired at a discount and are secured by the Bayer Road Shopping Center, a 395,000 sq.ft. regional shopping mall in Halifax, Nova Scotia, Canada. The loans will be serviced by Ocwen Federal Bank.

 

Exclusives

Benj. E. Sherman & Sons Auction Services Group (888-442-8008) has been selected by Handy Andy Realty Company, Inc. to conduct an auction this month for six vacant retail properties ranging in size from 53,760 sq.ft. to 94,801 sq.ft. in Merrillville, IN; St. Louis, MO; Memphis, TN; Toledo, OH and Grand Rapids, MI.

Hiffman Shaffer Associates (312-332-3555) has been named the leasing and managing agent of Zion Shopping Center in Zion, IL. The 190,000 sq.ft. project is anchored by Kmart, Piggly Wiggly, Hallmark, Radio Shack, Little Caesar's and Baskin Robbins.

CB Commercial Real Estate of Albuquerque, NM (505-837-4999) has been named the exclusive leasing and marketing agent for a new 300,000 sq.ft. power center, Galleria at Renaissance, in Albuquerque, NM. A ground breaking is planned for late this year and opening is planned for mid 1998.

 

Financial News

Stage Stores, Inc. (800-579-2302) reported that its second quarter net sales increased 30.3% to $238.1 million from $182.8 million during the second quarter last year. Comparable store sales for the quarter increased 5.7%. Operating income increased 41.7% to $19.7 million from $13.9 million last year. The company currently operates 578 stores trading as Stage, Bealls and Palais Royal in 24 states.

Caldor Corp. (203-846-1641) was recently granted a six-month extension of the period under which it has the exclusive right to file a plan of reorganization with the court by the Bankruptcy Court. The exclusively period has been extended to February 28, 1998. Likewise, the period in which Caldor can solicit acceptances for the reorganization plan has ben extended through April 30, 1998. The company currently operates 157 stores in 10 East Coast states.

Lechters, Inc. (201-481-1100) reported a second quarter net loss of $3.3 million, compared to a net loss of $2.8 million during the second quarter last year. Overall second quarter sales increased 2.6% to $95.1 million. By division, sales at Lechters Housewares increased 3.8% to $71.9 million and sales at Famous Brands Housewares Outlets decreased 1.1% to $23.2 million. Total comparable store sales increased 0.9%. By division, comparable store sales at Lechters increased 4.2% and fell nine percent at Famous Brands Housewares Outlets. Gross Profit for the quarter increased to $22.8 million from $21.9 million last year. During the quarter, the company opened one store and closed four stores. The company currently operates 479 Lechters Housewares stores and 166 Famous Brands Housewares Outlets in 44 states.

Genovese Drug Stores, Inc. (516-420-1900) reported that total sales for the second quarter increased 11.1% to $173.067 million from $155.792 million last year. Comparable store sales increased 6.4% for the quarter. Net income for the quarter decreased to $1.283 million from $1.816 million. The company opened five stores during the second quarter and currently operates 130 units in CT, NJ and NY.

Family Dollar Stores, Inc. (704-847-6961) reported that its fiscal year sales increased 16.3% to $1.99 billion from $1.71 billion. Comparable store sales increased 9.3% for the year. During its fiscal year, the company opened 236 stores, closed 50 stores and finished the year operating 2,767 stores in 38 states.

House of Fabrics, Inc. (818-385-2305) reported a second quarter net loss of $5.9 million versus net income of $69.5 million during the second quarter last year which included a one-time gain of $100.9 million on forgiveness of debt in connection with the company's emergence from Chapter 11 in August 1996. Second quarter sales fell to $50.2 million from $54.8 million last year. The company currently operates 262 stores in 27 states trading as House of Fabrics, Sofro Fabrics, Fabricland and Fabric King.

Oshman's Sporting Goods, Inc. (713-928-3171) reported that its second quarter net sales fell 9.9% to $82.9 million from $92 million during the second quarter last year. A second quarter net loss of $1.8 million was posted, compared to a net loss of $8 million last year. At the end of the second quarter, the company had closed 37 stores and plans to end its fiscal year with 61 sporting goods stores.

 

Who's Opening & Where

DSW Shoe Warehouse (614-497-1199) plans to open a 20,000 sq.ft. store at a former Media Play location at Carolina Pavilion in Pineville, NC.

Paul Harris Stores, Inc. (317-293-3900) plans to increase its store openings for 1997 to 50 and open as many as 80 stores during 1998. If the company reaches its projected goals, it will be operating 350 stores at the end of fiscal 1998.

General Nutrition Company, Inc. (412-288-4600) plans to open more than 20 franchised stores in the Los Angeles, CA area within the coming five years.

Tubby's, Inc. (810-978-8829) plans to open 24 franchised restaurants in MI and Windsor, Ontario, Canada in the coming six years.

Fabri-Centers of America, Inc. (216-656-2600) plans to open a 12,000 sq.ft. store in Hudson, OH next month.

Apple South, Inc. (706-342-4552) plans to open between 96 and 102 new restaurants during 1998 and between 110 to 120 new restaurants during 1999. The company currently operates 396 restaurants trading as Applebee's Neighborhood Grill & Bar, Don Pablo's Mexican Kitchen, McCormick & Schmick's, Hops Grill & Bar, Canyon Cafe and Harrigan's Grill & Bar.

Gateway 2000 (605-232-2000) plans to open a Gateway 2000 Country Store near Burlington Mall in Boston, MA before Christmas.

Costco (425-313-6360) plans to re-enter the Detroit, MI area with five stores during Spring 1998.

Baker Street Artisan Breads (610-520-2920) plans to open 30 stores in the Philadelphia, PA area and 10 stores in the Washington, D.C. area in the coming 18 months.

Fry's Electronics (415-496-6100) recently opened a store at a former Incredible Universe site in Tempe, AZ.

Sneaker Stadium (908-248-9090) recently opened a 22,000 sq.ft. store in Natick, MA. It is the company's 34th store.

Hudson Trail Outfitters, Ltd. (301-840-0650) recently opened superstores in Montrose Crossing Shopping Center in Rockville, MD and at Fairfax Circle in Fairfax, VA.

AutoZone (901-495-6500) recently completed its fiscal year with 305 new store openings, including its entry into MD.

Famous Sam's (602-902-0822) recently opened a sports-restaurant in Phoenix, AZ. It is the company's ninth unit.

Nob Hill Foods (408-842-6441) recently opened a 55,000 sq.ft. supermarket in Gilroy, CA.

Computer City (214-360-1700) recently opened a 26,400 sq.ft. store at Village of Gurnee located in Gurnee Mills Outlet Mall in Gurnee, IL.

NASCAR Silicon Motor Speedway (415-777-4019) recently opened a 5,800 sq.ft. interactive driving center at The Mall of America in Bloomington, MN. The concept features a multi-facted entertainment complex complete with life-sized stock cars, pre-race driving instructions, grandstand spectator seating, refreshment area and a racing merchandise retail sales area. Designed to simulate real racing, each simulator resembles an authentic stock car on a responsive, full-motion platform. Each car seats two and has five 3-D display systems and realistic controls including working steering wheel and gauges, racing seats, seat belts, working gas-clutch-brake pedals, review mirror and racing tires. Fans race against 29 other cars that are computer linked with each other. As drivers become more proficient, they can customize their cars by varying the set-up for better handling, including tire pressure, suspension settings and weight distribution. The company is planning to open five more sites nationwide before the end of 1998. The sites will range in size from 5,000 sq.ft. to 20,000 sq.ft.

Stop & Shop Supermarket (617-380-8000) plans to open a gas station at its store in Providence, RI this month. Shaw's Supermarkets (508-894-7000) also recently opened a gas station next to its store in Waterville, ME. The company is planning to open as many as 12 additional gas stations throughout New England.

 

New Construction

Feldco Development Corp., Retail Development Corp. and Hewlett Associates recently broke ground on Wallingford Fair Shopping Center in Wallingford, CT. The 117,000 sq.ft. project will be anchored by a 65,000 sq.ft. Shaw's Supermarket, a 25,000 sq.ft. Sears Hardware store and a 15,000 sq.ft. Petco store. Approximately 10,400 sq.ft. of space remains available for lease. The center is located on Route 5 adjacent to a Super Kmart. A Summer 1998 opening is planned.

For more information, contact Mark Shair of M&J Associates, exclusive leasing agents of the project, at (617-326-7370), Fax (326-2827).

Caesars Atlantic City and Gordon Group Holdings, Ltd. recently announced plans to build a yet-to-be-named themed entertainment, retail and gaming destination resort on the site of the Ocean One Mall on the boardwalk in Atlantic City, NJ. Ground breaking is expected to talk place during Fall 1998. The project, which is estimated to cost $250 million, will be comprised of 140,000 sq.ft. of retail space and themed restaurants; a 40,000 sq.ft. Caesars casino; large-format projection theater screens and a gated attraction that simulates a voyage to the deepest depths of the ocean. An 80-foot sculpture of Poseiden--the mythical god of water, earthquakes and horses--will be central to the entertainment features.

For more information, contact Caesars Atlantic City at (609-343-2575).

D&D Financial Group is developing Rockwall Marketplace in Dallas, TX. The 130,000 sq.ft. project is anchored by Home Depot. Future plans for the site include a 97,000 sq.ft. strip center and a 12-screen movie theater. Space is also available for three freestanding buildings.

For more information, contact Steve Fulton of Huff, Brous, McDowell & Montesi, the marketing agents of the property at (817-877-4433).

Ron March & Associates recently broke ground on The Muskegon Crossing Shopping Center in Muskegon, MI. The 300,000 sq.ft. project will be anchored by a 50,000 sq.ft. supermarket. Rite Aid and Family Video will occupy outparcels. The site is expected to open during Spring 1998.

For more information, contact Bill Bussey of Trerice Tosto Colliers International at (616-224-1910).

 

Lease Signings

Flocke & Avoyer Commercial Real Estate (619-280-2600) leased 4,500 sq.ft. to Spin Cycle at Palomar Square in Chula Vista, CA.

Uniwest Realty, Inc. (703-671-2880) leased space to Sports Authority, Borders Books and Music and Bed Bath & Beyond at Waldorf Shoppers World Shopping Center in Waldorf, MD.

Hirshland & Company (610-964-3600) recently completed the following lease transactions: 13 sites to Zany Brainy from Reston, VA to Totowa, NJ; eight acres to SuperFresh Food Stores in Feasterville, PA; 65,000 sq.ft. to Super G in Cherry Hill, NJ; 2,500 sq.ft. to Duron Paints in Philadelphia, PA; two 3,500 sq.ft. spaces to McDonald's in Philadelphia and Quakertown, PA; 2,000 sq.ft. to The Sweet Factory in Atlantic City, NJ; 5,500 sq.ft. to TGI Friday's in Quakertown, PA; 6,500 sq.ft. to Dollar Express in Quakertown, PA; 3,000 sq.ft. to Talbot's Petites in Chestnut Hill, PA; 16,500 sq.ft. to PA Liquor Control Board in Philadelphia, PA; 2,500 sq.ft. to Bath & Body Works in Philadelphia, PA; 14,000 sq.ft. to The International Exchange in Princeton, NJ; 11,000 sq.ft. to Rite Aid in Lansdale, PA; 2,200 sq.ft. to Bruegger's Bagels in Chestnut Hill, PA; 3,000 sq.ft. to Bruegger's Bagels in Jenkintown, PA; two 3,000 sq.ft. spaces The Southland Corp. in Willow Grove and Glenolden, PA; 18,000 sq.ft. to Border's Books in Chestnut Hill, PA; 18,000 sq.ft. to Border's Books in Springfield, PA; 17,000 sq.ft. to Border's Books in Lancaster, PA; 12,000 sq.ft. to Leejay Linens in Willow Grove, PA; 20,000 sq.ft. to Leejay Linens in Philadelphia, PA; 25,000 sq.ft. to Leejay Linens in Devon, PA; 20,000 sq.ft. Leejay Linens in Norristown, PA; 20,000 sq.ft. to Leejay Linens in Springfield, PA; 3,000 sq.ft. to Blinds To Go in Willow Grove, PA; 3,000 sq.ft. to Blinds To Go in King of Prussia, PA; 1,000 sq.ft. to Sunglass Hut in Beach Haven, NJ; 1,000 sq.ft. to Sunglass Hut in Chestnut Hill, PA; 1,000 sq.ft. to Sunglass Hut in Princeton, NJ; two 1,000 sq.ft. spaces to Sunglass Hut in Philadelphia, PA; 6,000 sq.ft. to Bell Atlantic Mobile in Springfield, PA; 4,000 sq.ft. to Bell Atlantic Mobile in Willow Grove, PA; two acres to Olive Garden in Langhorne, PA; two acres to Red Lobster in Pottstown, PA; two acres to Red Lobster in Langhorne, PA; two acres to Red Lobster in King of Prussia, PA; 60,000 sq.ft. to Dick's Clothing & Sporting Goods in Exton, PA; 62,000 sq.ft. to Dick's Clothing & Sporting Goods in Oxford Valley, PA; 60,000 sq.ft. to Dick's Clothing & Sporting Goods in Moorestown, NJ and 50,000 sq.ft. to Dick's Clothing & Sporting Goods in Wilmington, DE.

Mid-America Asset Management Co. (630-954-7300) leased 1,000 sq.ft. to Millennium Micro Corp. at Downers Park Plaza in Downers Grove, IL; 1,513 sq.ft. to GNC at Bannockburn Green Shopping Center in Bannockburn, IL; 8,423 sq.ft. to Calico Corners at Cadwell's Corners in Deerfield, IL; 2,090 sq.ft. to Dollar Store at Cermak Court Shopping Center in Chicago, IL and 1,515 sq.ft. to Bagel Street Cafe at Bannockburn Green Retail Center in Bannockburn, IL.

United Commercial Realty (214-526-6262) leased 15,000 sq.ft. to Athletic Supply at the Marketplace at Lake Highlands in Dallas, TX and 8,640 sq.ft. to Dollar General at Meadow Creek Village in Garland, TX.

Raymours & Flanigan Furniture (315-453-2500) leased 7,488 sq.ft. to Hollywood Video in Springfield, MA.

Colonial Properties Trust (205-250-8700) leased 7,200 sq.ft. to Bob Baumhower's Wings Sport Grille, 6,000 sq.ft. to Kinko's, 1,375 sq.ft. to Subway, 1,995 sq.ft. to Radio Shack and 1,400 sq.ft. to Cuts By Us at Montgomery Promenade North in Montgomery, AL.

Welco Realty, Inc. (914-576-7500) leased 15,000 sq.ft. to Annie Sez in Mt. Kisco, NY; 11,000 sq.ft. to Mandees and space to Odd Job Trading at Rag Shop Outlet Center in Hawthorne, NJ; space to Kay Bee Toys at Interstate Shopping Center in Ramsey, NJ; 10,000 sq.ft. to Party City at Pathmark Shopping Center in New Hyde Park, NY; 10,000 sq.ft. to Party City at Sutton Place Shopping Center in Woodbury, NY; 10,500 sq.ft. to Party City at Target Shopping Center in Commack, NY; 12,000 sq.ft. to Party City in North Babylon, NY; 10,000 sq.ft. to Party City in Brooklyn, NY; 6,000 sq.ft. to Hollywood Video and 2,500 sq.ft. to Rx Uniform at Bay Plaza Shopping Center in Bronx, NY; space to Casual Male at Bruckner Plaza Shopping Center in Bronx, NY; 23,000 sq.ft. to You're Invited in Paramus, NJ and space to Dress Barn and Dress Barn Woman at Grand Union Shopping Center in West Hempstead, NY.

 

Lead Sheet

Braun's Fashions, Inc.

dba Braun's

Jon Fortney

2400 Xenium Lane North

Plymouth, MN 55441-3626

612-551-5000, Fax 551-5199

Apparel

The 174-unit chain operates locations in AR, CO, ID, IL, IN, IA, KS, MI, MN, MO, MT, NE, ND, OH, OK, SD, UT, WA, WI and WY. The women's apparel stores occupy spaces of 3,200 sq.ft. in regional malls. Plans call for 20 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 100,000 within 10 miles earning between $35,000 and $75,000 as the average household income. Leases running 10 years are typical.

Pacific Sunwear of California, Inc.

dba Pacific Sunwear of CA

William Oughton

5037 East Hunter Avenue

Anaheim, CA 92807-6001

714-693-8066, Fax 693-8165

Apparel

The 213-unit chain operates locations nationwide. The teen apparel stores occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in regional malls. Preferred anchors include food courts and movie theaters. Plans call for 75 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 300,000 within 20 miles earning $40,000 as the average income. Leases running 10 years are typical.

Aamco Transmission, Inc.

dba Aamco Transmission

Rick Fuller

1 Presidential Boulevard

Bala Cynwyd, PA 19004

610-668-2900, Fax 664-4570

Automotive

The 703-unit chain operates locations nationwide. The automotive service centers, specializing in transmission repairs, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding facilities. Growth opportunities are sought nationwide.

Discount Auto Parts, Inc.

dba Discount Auto Parts

Cliff Wiley

3933 Manatue Avenue North

Lakeland, FL 33801

941-687-9226, Fax 284-2052

Automotive

The 400-unit chain operates locations in AL, FL, GA, MS and SC. The automotive parts stores occupy spaces of 6,800 sq.ft. in freestanding facilities and end caps of strip centers. Growth opportunities are sought in the existing markets.

Kirlin's, Inc.

dba Kirlin's, Gold Crown,

Marian's, Candles & Stuff

Dale T. Kirlin, Jr.

532 Maine Street

Quincy, IL 62301

217-224-8953, Fax 224-9400

Cards & Gifts

The 98-unit chain operates locations in IL, IN, IA, KY, MI, MO, OH, OK, TN and WI. The Hallmark card stores occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in regional malls and strip centers. Preferred strip centers should have a minimum GLA of 200,000 sq.ft. with two major anchors. A location between the two is required. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running five years, with a five-year option, at strip center locations and 10 years at mall locations are typical.

Green Company

dba Pink Dots

Donna Greene

9601 Wilshire Boulevard, Penthouse

Beverly Hills, CA 90210-5270

310-777-5164, Fax 274-2831

Convenience Store

The eight-unit chain operates locations in CA. The convenience stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding facilities. Prefers sites are located at intersections. Growth opportunities are sought in the existing market.

R.S.D., Inc.

dba 7-11

Ralph Saville

PO Box 711

Mineral Wells, WV 26150

304-489-3000, Fax 489-3139

Convenience Store

The 36-unit chain operates locations in WV. The convenience stores occupy spaces of 3,000 sq.ft. in freestanding facilities. Growth opportunities are sought in KY, OH and WV. Leases running 20 years are typical.

Federated Department Stores

dba Macy's West

Gary Nay

7 West 7th Street

Cincinnati, OH 45202

513-579-7905, Fax 579-7185

Department Store

The 102-unit chain operates locations in AZ, CA, MN, NV, NM and TX. The department stores occupy spaces of 35,000 sq.ft. to 350,000 sq.ft. in regional malls. Growth opportunities are sought in the existing markets.

Gibson Discount Centers, Inc.

dba Gibson Discount Centers

Dan Roth

100 Chaffin Industrial Park

Dodge City, KS 67801

316-227-8121, Fax 227-8909

Discount Store

The 26-unit chain operates locations in CO, MS, MT, NE, SD and TX. The stores, selling apparel and general merchandise, occupy spaces of 25,000 sq.ft. to 45,000 sq.ft. in freestanding facilities and strip centers. Preferred co-anchors include supermarkets. Plans call for the opening of four units in the coming 18 months. Expansion will take place in the Rocky Mountain-High Plains region. Preferred demographics include a population of 5,000 within three miles earning $35,000 as the average income. The company cites Kmart and Wal*Mart as competition and prefers to locate its stores in small towns, preferably with no national chains.

Medicine Shoppe International

L. Mike Rice, Royer King

1100 North Lindbergh Boulevard

St. Louis, MO 63132

314-993-6000, Fax 872-5500

Drug Store

The 1,150-unit chain operates locations nationwide. The drug stores occupy spaces of 1,200 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Preferred anchors include supermarkets. Plans call for 85 openings in the coming 18 months. Expansion will take place nationwide. The company is franchising.

Del Taco, Inc.

dba Del Taco

Steven Olson

23041 Avenida De La Carlota, Suite 400

Laguna Hills, CA 92653

714-462-7440, Fax 462-7444

Food

The 296-unit chain operates locations in AZ, CA, GA, IL, LA, MO, NV, NH, NY and UT. The Mexican food restaurants occupy spaces of 2,000 sq.ft. in freestanding facilities. Preferred anchors include major power centers. Plans call for 75 openings in the coming 18 months. Expansion will take place in AZ, CA, NV, NY and UT. Preferred demographics include a population of 30,000 within two miles earning $40,000 as the average income. Leases running 20 years, with options, are typical. The company cites Taco Bell as competition.

Harman Management Corp.

dba KFC

Karen Bellini

199 1st Street #212

Los Altos, CA 94022-2708

415-941-5681, Fax 948-7532

Food

The 264-unit chain operates locations in CA, CO, OR, UT and WA. The fast food restaurants occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in northern CA, CO and WA.

Mazel Stores, Inc.

dba Odd Job

Timothy Keeley

230 Fifth Avenue, Suite 1811

New York, NY 10001

212-696-0200, Fax 696-0075

General Merchandise

The 27-unit chain operates locations in CT, NJ, NY and PA. The general merchandise stores, selling upscale closeouts, occupy spaces of 13,000 sq.ft. to 15,000 sq.ft. in power centers. Preferred anchors include Kmart, Marshalls, TJ Maxx, Target, Wal*Mart and supermarkets. Plans call for 25 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 200,000 within 10 miles earning $50,000 as the average income. Leases running five to 10 years are typical.

R.H. Kuhn Co., Inc.

Michael Kuhn

923 Bidwell Street

Pittsburgh, PA 15233

412-323-1300, Fax 323-2016

Home Furnishings

The 12-unit chain operates locations in OH, PA and WV. The furniture stores occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in eastern OH, northeastern PA and northern WV. Preferred demographics include a population of 100,000 within five miles earning $35,000 as the average income. Leases running five years are typical and the company is franchising.

English Gardens

John Darin, Jr.

22536 Ford Road

Dearborn Heights, MI 48127

313-228-5244, Fax 565-9045

Home Improvement

The four-unit chain operates locations in MI. The home improvement stores occupy five acre parcels in specialty centers. Preferred co-anchors include supermarkets. Plans call for one opening in the coming 18 months. Expansion will take place in the metropolitan Detroit, MI market. Leases running 20 years are typical.

Mark Bros. Jewelers

dba The Whitehall Co. Jewelers,

Lundstrom Jewelers

Jay Lepselter

155 North Wacker Drive

Chicago, IL 60606

312-782-6800, Fax 782-8299

Jewelry

The 190-unit chain operates locations in AL, AZ, FL, GA, CT, NJ, NY, MA, RI, NH, VA, IL, MO, TX, CA, OK, NM, AK, LA, MN and NC. The jewelry stores occupy spaces of 800 sq.ft. to 1,000 sq.ft. in regional malls. Plans call for 60 openings in the coming 18 months. Expansion will take place in FL, the Northeast, Southwest and West Coast regions. Leases running 10 years are typical and the company cites Zales, Sterling and Helzberg as competition.

DC Ventures

dba Karma Records

Dave Crockett

403 Industrial Drive

Carmel, IN 46032

317-574-5475, Fax 575-8846

Music

The 28-unit chain operates locations throughout IN. The record stores occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in power and strip centers. Preferred anchors include supermarkets. Plans call for five openings in the coming 18 months. Expansion will take place in the existing market. Leases running three to five years are typical. The company, which is franchising, cites Best Buy and On Cue as competition.

Genesco, Inc.

dba Johnston & Murphy

Harvey Olsher

Box 941, Suite 588B Genesco Park

Nashville, TN 37202

615-367-7000, Fax 367-7323

Shoes

The 119-unit chain operates locations nationwide. The men's shoe stores occupy spaces of 500 sq.ft. to 1,000 sq.ft. in downtown store fronts, outlet centers and regional malls. Plans call for 18 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 200,000 within 10 miles earning $50,000 as the average income. Leases running 10 years are typical.

Imperial Display

Jack Mendelson

1110 Main Street

Wheeling, WV 26003

304-233-0711, Fax 233-9424

Specialty

The six-unit chain operates locations in PA and WV. The stores, selling Halloween and Christmas items, occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in regional malls and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in OH and WV. Leases running three to four months are typical.

Trendlines, Inc.

dba Post Tools

Walter Eutuze

135 American Legion Highway

Revere, MA 02151

617-853-0900, Fax 853-0066

Specialty

The 24-unit chain operates locations in CA and NV. The stores, selling woodworking tools, power tools, specialty hand tools and workshop accessories, occupy spaces of at least 5,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets.

Hibbett Sporting Goods, Inc.

dba Hibbett Sporting Goods

Bill Stevens

451 Industrial Lane

Birmingham, AL 35211

205-942-4292, Fax 912-7290

Sporting Goods

The 119-unit chain operates locations in AL, AR, FL, GA, IL, KY, LA, MI, MO, NC, OK, SC, TN and VA. The sporting goods stores occupy spaces of 5,000 sq.ft. to 6,000 sq.ft. in freestanding facilities, regional malls, power and strip centers. Preferred anchors include Stein Mart, Belk, Goody's, Books-A-Million and Wal*Mart. Plans call for 50 openings in the coming 18 months. Expansion will take place in IL, IN, OK, TX, VA and WV. Leases running five to seven years are typical.

B&R, Inc.

dba Save-A-Lot

Charles Bowling

203 Chester Avenue

Middleboro, KY 40965

606-248-6183, Fax 248-6153

Supermarket

The eight-unit chain operates locations in KY and VA. The supermarkets occupy spaces of 16,000 sq.ft. in freestanding facilities and regional malls. Preferred co-tenants include Dollar General. Plans call for two openings in the coming 18 months. Expansion will take place in southeastern KY and western VA. Preferred demographics include a population of 20,000 within 10 miles earning $15,000 as the average income.

Winn-Dixie Stores, Inc.

dba Winn-Dixie

J. Dismuke

5050 Edgewood Court

Jacksonville, FL 32254

904-783-5000

Supermarket

The 1,175-unit chain operates locations in AL, FL, GA, IN, KY, LA, MS, NC, OK, SC, TN, TX and VA. The supermarkets occupy spaces of 45,000 sq.ft. to 60,000 sq.ft. in freestanding facilities. Plans call for 150 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 30,000 within three miles earning $35,000 as the average income. The company also trades as Thriftway at 69 locations in OH only.

 

Closings

Home Express, Inc. (510-608-4700) plans to close its remaining 12 stores in CA and NV by the end of next month. The company has been in bankruptcy protection since February 1996.

Levitz Furniture (407-994-5151), which recently filed for Chapter 11 protection, plans to close its stores in Atlanta, GA; Cincinnati, OH; Salt Lake City, UT; Houston, TX; Reno, NV; Potomac, VA; Jacksonville, Fort Myers and Fort Lauderdale, FL.

Tops Appliance City, Inc. (908-248-2850) plans to close its store in Westbury, NY next month. The store is being closed because it has been underperforming.

JC Penney (214-431-1000) plans to close its store at The Village Shopping Center in Gary, IN during December. The store, which has been operated by the company since 1955, is being closed because of consistently poor performance.

 

Real Estate Professionals Making The News

Kranzco Realty Trust (610-941-9292) announces that Gloria Mercado has joined the company as a leasing specialist. She will be responsible for leasing Kranzco's shopping centers in NJ and PA.

Petrie Dierman Kughn (703-749-4500) announces that Marilyn Coolidge has joined the company as vice president of leasing. She will be responsible for anchor leasing and site selections.

Starbucks Coffee (206-447-7954) announces the appointment of John Richards to the newly created position of president of its North American retail business unit.

Hollywood Entertainment Corp. (503-570-1600) announces the appointment of Jeffrey B. Yapp as president of the company.

Einstein/Noah Bagel Corp. (303-202-3326) announces that Jeffrey L. Butler has been named president of the corporation.

 

Space Place

Connecticut

Wallingford- Wallingford Fair is anchored by Shaw's Supermarket, Sears Hardware and Petco. The 117,000 sq.ft., which is expected to open during Summer 1998, has spaces available for lease. Demographics include a five-mile population of 104,077 earning $54,552 as the average income.

For details, contact Mark Shair of M&J Associates at (617-326-7370), Fax (326-2827).

Florida

Green Cove Springs- Magnolia Layne is anchored by Food Lion, Eckerd Drugs, Pizza Hut and Hardees. The 86,493 sq.ft. project has spaces from 975 sq.ft. to 5,200 sq.ft. available for lease. In Temple Terrace- Point Plaza Shopping Center is anchored by Kash 'n Karry and Tutor Time Day Care. The 102,439 sq.ft. project has spaces from 1,110 sq.ft. to 6,600 sq.ft. available for lease. Demographics include a five-mile population of 117,599 earning $36,674 as the average household income.

For details, contact Douglas Culp of Don M. Casto Organization at (614-228-5331).

Michigan

Grand Rapids- A 57,000 sq.ft. former catalog showroom, which can be divided into 15,000 sq.ft. to 30,000 sq.ft. suites, is available for lease. The site fronts 28th Street. Neighboring tenants include a pet food store, a bulk food store, an office supply store, a bank, a value clothing store and an ice cream store.

For details, contact John Colburn, Jr. of Colburn Hundley, Inc. at (616-742-5200), Fax (742-5207).

Oregon

Tualatin- Hedges Greene Shopping Center is anchored by Haggen Food & Drug, TJ Maxx and Office Depot. The 155,000 sq.ft. project has spaces of 2,000 sq.ft., 5,000 sq.ft., 10,000 sq.ft. and 20,000 sq.ft. available for lease. Demographics include a five-mile population of 125,315 earning $73,361 as the average income. Retailers in the area include Fred Meyer, Home Depot and Kmart. The site is expected to open during February 1998.

For details, contact Ron Dowhaniuk of Grubb & Ellis at (503-241-1155), Fax (241-0306).

Virginia

Chesapeake- Dominion Marketplace is anchored by Food Lion and Family Dollar Store. The 72,103 sq.ft. project has a 7,013 sq.ft. space and two outparcels available for lease. Demographics include a five-mile population of 103,593 earning $41,601 as the average household income. In Richmond- Cross Pointe Marketplace is anchored by Food Lion, CVS and Movie Time Video. The 72,120 sq.ft. project has spaces of 1,018 sq.ft., 1,200 sq.ft., 1,675 sq.ft. and 2,246 sq.ft. available for lease. Demographics include a five-mile population of 132,559 earning $48,963 as the average household income. In Salem- Kmart Plaza is anchored by Kmart. The 96,079 sq.ft. project has a 1,120 sq.ft. space available for lease.

For details, contact John Orr (Dominion Marketplace & Cross Pointe Marketplace) of Equity Investment Group at (404-364-2984), Fax (364-2985) or Russ Hire (Kmart Plaza) of Equity Investment Group at (219-426-4704), Fax (424-3615).

Newport News- Yoder Plaza Shopping Center is anchored by Target, Circuit City, OficeMax, PetsMart, Barnes & Noble, Toys 'R Us, Chick-Fil-A, Don Pablo's Mexican Restaurant and Krispy Kreme. The 390,000 sq.ft. project has spaces of 1.45 acres and 4.45 acres available for lease.

For details, contact Tred Spratley of Sigma National, Inc. at (804-320-6100).

Suffolk- Suffolk West Shopping Center is anchored by Be-Lo Supermarket, Family Dollar, Pizza Hut and Hardees. The project has a 10,200 sq.ft. former Rite Aid store available for lease. The space is located between Family Dollar and Be-Lo Supermarket.

For details, contact Stephen Parasidis, Ph.D. of Equity Capital Realty, Inc. (703-821-3600), Fax (821-3601).