Issue Number 45 from the week of December 12, 1997
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The Dealmakers Issue Number 45 from the week of December 12, 1997.

 

Gift Stores Looking for Sites Nationwide

Accent Chicago operates six locations in IL. The stores, selling Chicago theme gifts and souvenirs, occupy spaces of 800 sq.ft. to 2,000 sq.ft. in downtown store fronts. Plans call for two openings in the coming 18 months. Expansion will take place in downtown Chicago, IL. Leases running five to ten years are typical.

For more information, contact James Kline, Accent Chicago, Inc., 2300 Main Street, Evanston, IL 60202; 847-869-3700, Fax 869-4689.

Country Visions trades as Country Clutter at 32 locations nationwide. The stores, selling gifts and collectibles, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in regional malls, outlet, power and specialty centers. Plans call for 30 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of one million within 40 miles earning $45,000 as the average income. Leases running five to ten years are typical and the company is franchising.

For more information, contact Ken Petersen, Country Visions, 3333 Vaca Valley Parkway, Vacaville, CA 95688; 707-451-6890, Fax 451-0410.

Paramount trades as Card$mart at 50 locations nationwide. The stores, selling cards and gifts, occupy spaces of 2,400 sq.ft. to 4,000 sq.ft. in regional malls, power and strip centers. Preferred anchors include national retailers. Plans call for 100 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 50,000 within three miles earning $35,000 as the average income. Leases running five years, with a five-year option, are typical and the company is franchising.

For more information, contact Frank Feely, Paramount, 13963 Trails End Drive, Lockport, IL 06441; 708-301-4902, Fax 301-4902.

Kirlin's Hallmark operates 100 locations in IL, IN, IA, KY, MI, MO, OH, OK, TN and WI. The card and gift stores occupy spaces of 4,000 sq.ft. to 5,500 sq.ft. in regional malls and strip centers. Preferred anchors include department stores at mall locations and supermarkets in strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 10 years are typical.

For more information, contact Dale Kirlin, Kirlin's Hallmark, 532 Maine Street, Quincy, IL 62301; 217-224-8953, Fax 224-9400.

Yankee Candle Co. trades as Yankee Candle at 48 locations in CT, FL, ME, MD, MA, NH, NJ, NY, OH, PA, RI and SC. The stores, selling scented candles and related gifts, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in regional malls and specialty centers. Preferred anchors include fashion retailers. Plans call for 24 openings in the coming 18 months. Expansion will take place along the East Coast and in OH. Preferred demographics include a population of 500,000 within five miles earning $45,000 as the average income. Leases running 10 years are typical.

For more information, contact Anthony Villani, Yankee Candle Co., Box 110 Route 5, South Deerfield, MA 01373; 413-665-8028, Fax 665-8569.

 

Mergers & Acquisitions

Boston Chicken, Inc. (303-384-5172) plans to convert its Boston Market and Einstein Bros. Bagels businesses from franchise-driven to company owned. The company is currently working to secure financing which will allow it to acquire its franchised stores.

Proffitt's, Inc. (901-397-2113) plans to acquire Carson Pirie Scott & Co. in a stock deal valued at $790 million. Proffitt's plans to retain the three Carsons nameplates: Carson Pirie Scott, Bergner's and Boston Store, which operate 52 stores in IL, IN, MN and WI. Proffitt's operates 177 stores in 24 states.

Camelot Music, Inc. (330-494-2282) recently agreed to a letter of intent to acquire The Wall Music, Inc. for $47 million. The deal is subject to negotiation of a definitive purchase agreement and U.S. Bankruptcy Court approval. Camelot Music operates 308 mall-based stores in 34 states and The Wall operates 153 mall-based stores.

Simon DeBartolo Group, Inc. (317-685-7330) recently formed a joint venture with DLJ Real Estate Capital Partners, L.P., which will be known as Simon/DLJ Entertainment Properties, L.P. The newly formed entity will focus on acquiring and developing entertainment-oriented real estate properties worldwide. The group expects to accumulate more than $1 billion worth of projects in the coming two years, at which time various exit strategies, including a public offering, will be considered.

Consolidated Stores Corporation (614-278-6622) and Mac Frugal's Bargains Close-Outs, Inc. (310-537-9220) recently announced a definitive agreement to merge the two companies. Under terms of the agreement, Consolidated Stores will issue between 0.88 and 1.00 share of its stock for each Mac Frugal's share. The final exchange ratio will be based on the average closing price per share of Consolidated Stores stock during a 20 day period prior to the effective time of the merger. The transaction is expected to close next month. The merger will create a closeout store chain with more than 2,000 locations nationwide and expected revenues of more than $4 billion. Currently, Consolidated Stores operates 1,269 KB Toy, KB Toy Works and KB Toy Outlet stores and 677 Odd Lots and Big Lots stores. Mac Frugal's operates 321 stores trading as Pic N Save and Mac Frugal's Bargains Close-Outs.

Fred Meyer, Inc. (503-797-3450) recently announced that it has entered into agreements for strategic mergers with Quality Food Centers, Inc. and Ralphs Grocery Company in two separate transactions that will create a $15 billion multi-regional supermarket chain. The combined company will have more than 800 stores in 14 states with number one market share in Los Angeles, CA; Seattle, WA; Salt Lake City, UT, Las Vegas, NV and Albuquerque, NM and number two share in Phoenix, AZ and Portland, OR. The deal with QFC is valued at $1.7 billion and the deal with Ralphs is valued at $3.1 million. Both deals include the assumption of debt. The transactions are expected to close during the first quarter of 1998.

Prime Retail, Inc. (410-234-0782) and Horizon Group, Inc. (616-798-9100) recently announced that the two companies have entered into a definitive merger agreement for approximately $906.3 million, including the assumption of $540.4 million of Horizon debt. As a result of the transaction, Prime Retail will own and operate 43 outlet centers, including 20 of Horizon's existing 37 outlet centers. Horizon will continue to own 17 centers as well as three outlet centers to be contributed from Prime Retail's existing portfolio. The proposed transaction will establish Prime Retail as the largest owner/operator and developer of factory outlet centers in the U.S., with 43 centers, totaling 11.8 million sq.ft. in 25 states.

 

Financial News

Mothers Work, Inc. (215-625-9917) reported that net sales for its fiscal year increased 24% to $246.9 million from $199.1 million during its previous fiscal year. Comparable store sales increased 4.3% for the year. However, the company reported a net loss of $7.639 million compared to net income of $904,000 during FY96. The company currently operates 268 Motherhood Maternity stores, 120 Maternite, Mimi Maternity and A Pea in The Pod stores, 54 Maternity Works stores, 30 Episode stores and 18 Episode Outlet stores.

Jacobson Stores, Inc. (517-764-6400) reported a third quarter net loss of $937,000 compared to a net loss of $2.763 million during the third quarter last year. Third quarter sales increased 4.3% to $94.715 million from $90.778 million last year and comparable store sales increased 10.9% for the quarter. The company currently operates 24 fashion specialty stores in FL, IN, KS, KY, MI and OH.

Laser Quest Corporation (905-678-7272) reported that its third quarter revenues increased 73% to $12.5 million from $7.2 million during the third quarter last year. Earnings before interest, taxes, depreciation and amortization increased 82% to $3.1 million from $1.7 million last year. Net income during the quarter more than doubled to $555,073 from $229,432 last year. During the quarter, the company opened four centers.

The Cato Corporation (704-551-7201) reported that its third quarter sales increased two percent to $109.9 million from $108.1 million during the third quarter last year. Comparable store sales increased three percent during the quarter. The company currently operates 688 women's apparel stores trading as Cato Fashion/Cato Plus and It's Fashion! in 20 states.

 

Food Tenants Hungry for Sites Nationwide

Kirtac, Inc. trades as Taco Bell at 21 locations in MI, IN, OH and WI. The Mexican fast food restaurants occupy spaces of 2,500 sq.ft. in freestanding facilities. Preferred anchors include Kmart, TJ Maxx, Wal*Mart and supermarkets. Plans call for eight openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 10,000 within one mile earning $25,000 as the average income. Leases running 20 years are typical.

For more information, contact Lee Garvin, Kirtac, Inc., 111 Carey Drive, Noblesville, IN 46060; 317-773-7855, Fax 773-7869.

Burger Busters, Inc. trades as Kentucky Fried Chicken, Pizza Hut and Taco Bell at 19 locations in CA, MD, NC, VA and WV. The fast food restaurants occupy spaces of 2,500 sq.ft. in freestanding facilities, outlet and strip centers. Preferred anchors include TJ Maxx and Wal*Mart. Growth opportunities are sought in the existing markets. Preferred demographics include a population of 25,000 within one mile earning $27,000 as the average income. Leases running 20 years are typical.

For more information, contact Byron Chandler or Chris Achollos, Burger Busters, Inc., 302 Hickman Road, Charlotesville, VA 22901; 804-971-9957, Fax 971-9958.

T.R.C. Acquisition Corporation trades as Tanner's Rotisserie Chicken at 10 locations in GA. The restaurants, specializing in chicken dishes, occupy spaces of 3,500 sq.ft. to 4,200 sq.ft. in freestanding facilities, specialty and strip centers. Preferred anchors include Wal*Mart, movie theaters and supermarkets. Plans call for six openings in the coming 18 months. Expansion will take place in AL, FL, GA, NC, SC and TN. Preferred demographics include a population of 50,000 within three miles earning $35,000 as the average income. Leases running 10 years are typical and the company is franchising.

For more information, contact Rick Tanner, T.R.C. Acquisition Corporation, 2662 Holcomb Bridge #320, Alpharetta, GA 30202; 770-518-1444, Fax 518-1443.

Bravo! Developments trades as Bravo and Lindey's American Bistro at seven locations in LA, IN, OH and PA. The restaurants occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding facilities and regional malls. Plans call for as many as seven openings in the coming 18 months. Expansion will take place in Cleveland, OH and New Orleans, LA. Preferred demographics include a population of at least 200,000 within five miles earning at least $55,000 as the average income. Leases running 10 years are typical and the company cites Macaroni Grill and Carabbas Italian Grill as competition.

For more information, contact Nicole Fesler, Bravo! Developments, 6375 Riverside Drive, Dublin, OH 43017; 614-766-0904, Fax 766-1047.

Taco Casa International Ltd. trades as Taco Casa at 17 locations in FL, KS, KY, MS and TN. The Mexican fast food restaurants occupy spaces of 1,200 sq.ft. to 1,800 sq.ft. in regional malls and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in KS and MO. Preferred demographics include a population of 12,000 within one mile earning $51,000 as the average household income. Leases running 10 years are typical.

For more information, contact James Reiter, Taco Casa International Ltd., PO Box 4542, Topeka, KS 66604; 913-267-2548, Fax 267-2652.

Sub Station II, Inc. trades as Sub Station at 88 locations in AL, CA, GA, KY, NV, NC, SC, TN and VA. The restaurants, serving deli-style sandwiches and salads, occupy spaces of 1,500 sq.ft. in freestanding facilities and strip centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Plans call for 15 openings in the coming 18 months. Expansion will take place in GA, NC and SC. Leases running three to five years, with options, are typical and the company, which cites Subway and Blimpies as competition, is franchising.

For more information, contact Susan Vaden, Sub Station II, Inc., 425 North Main Street, Sumter, SC 29150; 803-773-4711, Fax 775-2220.

Frank L. Bartko, Inc. does business as Taco Bell at five locations in Los Angeles County, CA. The Mexican fast food restaurants occupy spaces of 2,000 sq.ft. in freestanding facilities. Plans call for as many as two openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 35,000 within two miles earning at least $35,000 as the average income. Leases running 20 years are typical.

For more information, contact Frank Bartko, Frank L. Bartko, Inc., 3104 Dolonita Avenue, Hacienda Heights, CA 91745; 818-333-0737, Fax 333-4837.

 

Who's Opening & Where

CompUSA, Inc. (972-982-4000) recently opened a 41,900 sq.ft. store in downtown Chicago, IL; a 25,600 sq.ft. store at Crossroads Shopping Center in Highland Park, IL; a 25,600 sq.ft. store at Woodfield Commons West Shopping Center in Schaumburg, IL; a 26,200 sq.ft. store at Southlake Pavilion Shopping Center in Atlanta, GA; a 26,200 sq.ft. store adjacent to the Mall of Louisiana in Baton Rouge, LA and a 22,500 sq.ft. store at Galleria Commons Shopping Center in Las Vegas, NV. The company is also planning to open a 26,000 sq.ft. store at Columbia Crossing Shopping Center in Columbia, MD during Spring 1998; a 26,300 sq.ft. store in Boulder, CO during Summer 1998; a 19,800 sq.ft. store at Lexington Green Shopping Center in Lexington, KY during early 1998 and a 41,300 sq.ft. store at Lefrak Building in Queens, NY during Winter 1998.

Drug Emporium (614-548-7080) is planning to open two stores in the Milwaukee, WI market in the coming 18 months.

Hooters (770-951-2040) plans to open a 5,500 sq.ft. restaurant at Grand Avenue Mall in Milwaukee, WI during February.

Foot Locker (510-428-0194) plans to open a 40,000 sq.ft. superstore at Disney's Wide World of Sports complex in Lake Buena Vista, FL during early 1999.

Paul Harris Stores, Inc. (317-293-3900) plans to open a 15,000 sq.ft., two-level store at the Barnes & Thornburg Building in downtown Indianapolis, IN. It will be the largest store in chain.

U.S. Factory Outlets (212-563-3650) plans to open six stores nationwide during 1998.

Arnies Restaurants Northwest, Inc. (206-774-8661) plans to open a new restaurant concept called Coho Cafe at Bella Bottega Square in Redmond, WA during Spring 1998. The concept will feature mid-priced seafood served in a casual atmosphere.

Borders, Inc. (313-913-1323) plans to open a Borders Books and Music store at Chapel Hills Mall in Colorado Springs, CO with Barnes & Noble (212-633-3300) planning to open a superstore across the street.

Sears (847-286-0545) plans to return to Norfolk, VA with a 127,000 sq.ft. store at Military Circle Mall which is expected to open during April 1999. Sears exited the Norfolk market during 1981. Sears also recently opened a Dealer store in Port-Au-Prince, Haiti.

Cost Plus, Inc. (510-893-7300) plans to open a 19,000 sq.ft. store at Merchants Square in Carmel, IN during 1998. It will be the company's first IN store.

Home Depot (770-433-8211) plans to open 10 stores in VA during 1998.

Consumer Casket USA (814-451-1180) recently opened a retail store at Washington Square Plaza in Erie, PA. The store features caskets, urns, memorials and other funeral related merchandise.

Applebee's Neighborhood Grill & Bar (913-967-4000) plans to open a restaurant at Premiere Place Shopping Center in Pratville, AL during February 1998.

 

Convenience Stores Planning To Open New Locations

Triton Marketing, Inc. trades as Fleet Oil and Happy Stores at 16 locations in GA and NC. The convenience stores occupy freestanding facilities on 45,000 sq.ft. of land. Preferred anchors include Kmart and Wal*Mart. Plans call for as many as seven 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 earning $30,000 as the average income. Leases running 10 years are typical.

For more information, contact James Patton, Triton Marketing, Inc., 8255 Dunwoody Place, Atlanta, GA 30350; 770-992-7088, Fax 992-8537.

Uncle Neal's Country Convenience Stores & Smokin Discount Outlet operates five locations in NE. The convenience stores and smoke shops occupy spaces of 750 sq.ft. in outlet and strip centers. Plans call for three openings in the coming 18 months. Expansion will take place in central NE. Preferred demographics include a population of 25,000 within five miles earning $25,000 as the average income. Leases running three years are typical.

For more information, contact Neal Hoff, Uncle Neal's Country Convenience Stores & Smokin Discount Outlet, 305 North Hastings Avenue #201, Hastings, NE 68901; 402-462-2700, Fax 462-2963.

Tri-Lake Petroleum does business as Prime Time Stores at 27 locations in AR, KS and MO. The convenience stores occupy spaces of 3,000 sq.ft. in freestanding facilities, Preferred anchors include Kmart, Wal*Mart and supermarkets. Plans call for three openings in the coming 18 months. Expansion will take place in KS and MO. Leases running 40 years are typical and the company prefers to locate its stores in small to medium size rural towns.

For more information, contact Steve Wood, Tri-Lakes Petroleum, East Highway 76, Branson, MO 65616; 417-334-3940, Fax 334-7042.

Fran Oil Co., Inc. trades as Eddys at 15 locations in IA and NE. The convenience stores, which also sell gasoline, occupy spaces of 4,000 sq.ft. in freestanding facilities. Plans call for as many as two openings in the coming 18 months. Expansion will take place in the Midwestern region. Preferred demographics include a population of 150,000 within 10 miles earning $50,000 as the average income. Leases running five years, with three five-year options, are typical.

For more information, contact Scott Belt, Fran Oil Co., Inc., 720 9th Avenue, Council Bluffs, IA 51501; 712-322-0101, Fax 322-0146.

Yocum Oil Company, Inc. trades as Texaco Food Mart at 12 locations in MN and WI. The convenience stores, which also sell gasoline and feature a car wash, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in freestanding facilities. Plans call for the opening of four units in the coming 18 months. Expansion will take place in the Twin Cities area of MN. Leases running 15 years are typical.

For more information, contact Tim Yocum, Yocum Oil Company, Inc., 2719 Stillwater Road, St. Paul, MN 55119; 612-739-9141, Fax 739-6400.

King Super Store operates 32 locations in KS and MO. The convenience stores, which also sell gasoline, occupy spaces of 2,000 sq.ft. in freestanding facilities. Plans call for the opening of four units in the coming 18 months. Expansion will take place in the Kansas City metropolitan area and in Johnson County, KS.

For more information, contact Randy King, King Super Store, 107 NE 69 Highway, Kansas City, MO 64119; 816-452-2900, Fax 454-8011.

 

Buyers & Sellers

Prime Retail, Inc. recently acquired Tidewater Outlet Mall, Manufacturer's Outlet Mall, Kittery Outlet Village and Latham Factory Outlet Center for a total of $26 million. The Kittery properties (Tidewater, Manufacturer's and Kittery), located in Kittery, ME contains 121,000 sq.ft. and are tenanted by Bose, Corning-Revere, Crate & Barrel, J. Crew, Hickey Freeman, Jones New York, Old Navy, Polo Ralph Lauren and Reebok. The Latham property, located in Latham, NY, contains 43,000 sq.ft. and is tenanted by Dansk, Jones New York and Lenox.

For more information, contact Prime Retail, Inc. at (410-234-0782).

New Regional Planning, Inc. has the listing to sell a 20,000 sq.ft. freestanding restaurant in the Galleria area of Houston, TX. The site has an absolute net lease with 15 years remaining on the term.

For more information, contact Blake Tartt III at (713-523-2929), Fax (523-1414).

James Kaplan Companies, Inc. recently acquired Liberty Plaza in Matteson, IL. The company plans to redevelop the 65,000 sq.ft. community shopping center in a joint venture with Joseph Freed and Associates, Inc.

For more information, contact James Kaplan Companies, Inc. at (847-681-1400), Fax (681-1412).

Legg Mason Real Estate Services represented Penn Mutual Life Insurance Co. in its sale of the 129,600 sq.ft. Marketplace Shopping Center in Southern Shores, NC.

For more information, contact Mark Kappa at (215-496-3007).

Cushman Realty Corporation has the listing to sell Charleston Plaza in Las Vegas, NV. The 228,622 sq.ft. project is anchored by HomeBase, Sav-On Drugs and Lucky Supermarket (which is not part of the sale). Other tenants include Little Caesar's, Wendy's, Pizza Hut, Mail Boxes Etc. and Payless Shoes. The asking price is $23.22 million.

For more information, contact Jon Nesbitt, Martin Morgenstein or Rick Hamilton at Cushman Realty Corporation at (714-851-8222).

Fuller & Co. has the listing to sell a 41,580 sq.ft. shopping center in North Platte, NE. The asking price is $1.8 million. The company has the listing to sell a 51,680 sq.ft. shopping center in Colby, KS. The asking price is $3 million. The company also has the listing to sell a 67,081 sq.ft. shopping center in Blackmore, OK. The asking price is $4.75 million.

For more information, contact Ron Allum at (303-292-3700), Fax (534-8270).

Sandor Development Company recently acquired Park East Shopping Center in Middletown, OH. The 52,000 sq.ft. project is anchored by Odd Lots and Damon's and was purchased from Citizens Federal. The company also recently acquired a 13,800 sq.ft. freestanding building in front of a Wal*Mart Supercenter and Lowe's Hardware Store in San Angelo, TX. The company plans to convert the building into small-shop retail space.

For more information, contact Jay Stein at (317-925-9011).

Madison Realty Group, Inc. recently acquired DeSoto Junction Shopping Center in Bradenton, FL. The 150,896 sq.ft. project is anchored by Marshalls and Michaels and has an additional anchor position available for lease. The company is in the market to acquire anchored community and neighborhood projects in states located east of the Mississippi River.

For more information, contact Sean Barnes at (412-281-1880).

Keegan & Coppin Company, Inc. brokered the sale of 14.5 acres of land in Santa Rosa, CA. The site was acquired by DSL Service Company who plans to develop a 210,000 sq.ft. shopping center. Occupancy is expected during late 1998 or early 1999. Keegan & Coppin Company has been retained as the exclusive leasing agents.

For more information, contact Thomas Laugero at (707-528-1400).

Colliers Macaulay Nicolls International has the listing to sell Northgate Place and Fifth Avenue Plaza in Northgate, WA. The centers, which are anchored by Tony Romas, Azteca, Western Optical and Washington State Liquor Store, are located across from Northgate Regional Mall and are being offered as a package. The asking price is $6.75 million. The company also brokered the sale of Kent Hill Plaza in Kent, WA. The 240,466 sq.ft. project is anchored by Albertson's, Jo-Ann Fabrics, The Keg and Alliance Furniture. A CA investment group acquired the center from a local real estate investment group for $10.4 million.

For more information, contact Paul Sleeth or Erin Conger at (206-223-0866).

HRE Properties, Inc. recently acquired Eastchester Mall in Eastchester, NY for $7.125 million. The 70,000 sq.ft. project is anchored by Food Emporium, CVS, Dress Barn and Friendly's Restaurant.

For more information, contact Willing Biddle at (203-863-8200).

A.B. Shopping Center Properties, Inc. is in the market to acquire shopping centers having GLAs of at least 80,000 sq.ft. throughout North and South America. Preferred prices start at $2 million and have cap rates of at least 10%.

For more information, contact John Whitson at (205-969-1000), Fax (969-1051).

Isaac Commercial Properties, Inc. represented Isaac-Danville LLC in its acquisition of Food Lion Center in Danville, KY from Mountcastle/Danville. The company represented Isaac-Campbellsville LLC in its acquisition of Kroger Center in Campbellsville, KY from Mountcastle/Campbellsville. The company represented H.A.L. Food Services in its sale of a former Perkins restaurant in London, KY to CNL American Properties Fund, Inc. on behalf of Ruby Tuesday's franchisee Completely Casual, Inc. A Ruby Tuesday restaurant recently opened at the site. The company also represented Commonwealth Life Insurance Company in its sale of the 69,397 sq.ft. Prince Royal Plaza in Berea, KY to E&E Properties, Inc.

For more information, contact Isaac Commercial Properties, Inc. at (606-224-2000), Fax (224-0848).

Shutts & Brown represented Equitable Life Assurance Society of the United States in its sale of Omni International Mall and the adjacent Crowne Plaza Hotel to CP Miami Hospitality for $42.025 million. The 486,948 sq.ft. project contains 85 stores on two levels, 12 restaurants and a 10-screen movie theater. The 528-room hotel sites atop of the mall.

For more information, contact Kevin Cowan at (305-358-6300), Fax (381-9982).

 

Lease Signings

The Cafaro Company (330-747-2661) leased 2,000 sq.ft. to General Nutrition Center at Ravenswood Shopping Center in Ravenswood, WV; 1,710 sq.ft. to Nacho-O Fast at Spotsylvania Mall in Fredericksburg, VA; 2,498 sq.ft. to Bath & Body Works at North Park Mall in Marion, IN and 1,190 sq.ft. to Leroy's Jewelers and 1,275 sq.ft. to Ritz Camera at Meadowbrook Mall in Bridgeport, WV.

Capital Realty Advisors, Inc. (561-744-1088) leased 61,336 sq.ft. to Winn-Dixie Stores at The Shops at Palm Coast in West Palm Beach, FL.

United Commercial Realty (214-526-6262) leased 30,245 sq.ft. to The Room Store from Circuit City Stores in Mesquite, TX; space to Blockbuster Video at Overland Stage Shopping Center in Arlington, TX and space to Blockbuster Video in Dallas, TX.

Hick & Rotner Retail, Inc. (301-656-3030) leased 20,000 sq.ft. to Gold's Gym and 5,300 sq.ft. to Video Warehouse in Washington, D.C.

Ludwig and Karas, Inc. (248-539-1700) leased 11,060 sq.ft. to Rite Aid in Troy, Detroit, Sault Ste. Marie, Alpena, Cadillac, Howell and Lansing, MI; 2,000 sq.ft. to Rent-A-Center in Port Huron and Pontiac, MI; 2,000 sq.ft. to Starbucks at Applegate Square in Southfield, MI; 1,500 sq.ft. to Caribou Coffee in Grosse Pointe, MI; 8,000 sq.ft. to Hollywood Video at Westland Plaza in Westland, MI; 1,800 sq.ft. to Einstein Bagel in Canton Township, MI; 3,000 sq.ft. to Play It Again Sports at Belle Arbor Shopping Center in Ann Arbor, MI; 3,000 sq.ft. to Play It Again Sports at The Courtyard in Ann Arbor, MI; 1,500 sq.ft. to Sears Optical in Sterling Heights, MI; 1,200 sq.ft. to Domino's Pizza at Sheldon Place in Canton Township, MI; 2,500 sq.ft. to Computer Renaissance in Flint, MI; 3,000 sq.ft. to Peoples Bank at Charlestown Square in Plymouth, MI and 1,200 sq.ft. to General Nutrition Center at Holiday Plaza in Clinton Township, MI.

Colonial Properties Trust (205-250-8700) leased 40,000 sq.ft. to Bruno's, Inc. for a Food World store at Old Springville Shopping Center in Pinson, AL.

 

New Construction

Developers Diversified Realty Corporation and Rosen Associates Development, Inc. plan to break ground during Spring 1998 on a 170,500 sq.ft. power center in Salem, NH. The project will be anchored by CompUSA, Babies 'R Us, PetsMart and MVP Sports. A Fall 1998 opening is planned. The two companies plan to break ground during Summer 1998 on a 650,000 sq.ft. power center in Everett, MA. The project will be anchored by Shaw's Supermarket, OfficeMax and PetsMart. Other anchors are expected to be a major bookstore, a discount department store, a sporting goods store, a consumer electronics store, a children's apparel store and several restaurants. A Spring 1999 opening is planned.

For more information, contact Developers Diversified Realty Corporation at (216-247-4700), Fax (247-1118).

Pine Tree Commercial Realty recently broke ground on a 57,000 sq.ft. shopping center in Sterling, IL. The project will be anchored by a 24,049 sq.ft. Staples Office Superstore and contain 33,000 sq.ft. of additional space. The site is located adjacent to a new 202,000 sq.ft. Wal*Mart Supercenter. A Summer 1998 opening is planned.

For more information, contact Pine Tree Commercial Realty at (847-735-0600).

Simon DeBartolo Group and Victoria Ward, Limited plan to develop an 800,000 sq.ft. retail and entertainment complex in Honolulu, HI. The project, which is expected to be developed during early 2000, will be anchored by a 150,000 sq.ft. Saks Fifth Avenue department store and a 40,000 sq.ft. FAO Schwarz toy store. Both the Saks store and FAO Schwarz store will be the companies' first units in HI. Negotiations are underway with Rainforest Cafe to open a restaurant at the site. The project is expected to open during Fall 2001.

For more information, contact Simon DeBartolo Group at (317-636-1600)

Devcon Enterprises, Inc. recently signed a redevelopment agreement with the City of New Haven, CT to develop over 21 acres in the Sawmill redevelopment area. The mixed use project is slated as a two phase 200,000 sq.ft. commercial center which currently contains several hundred outdated apartments. Demolition has commenced on phase I, a 5.1 acre parcel, with demolition set to begin during the middle of 1998 on phase II, a 16.1 acre parcel. Phase I, located between I-95 and Sawmill Road is expected to contain three pad sites for hospitality, restaurant and retail uses. Plans for phase II include either an entertainment center with a movie theater, or a traditional retail anchored center. Either plan will include related retail stores and theme restaurants consistent with the anchor.

For more information, contact J.R. Cody of Devcon Enterprises, Inc. at (860-521-6999).

NewRoc Associates, L.P. recently began demolition on a former Macy's store, retail mall and municipal parking garage in downtown New Rochelle, NY. Construction on New Rochelle Center, a 350,000 sq.ft. retail and entertainment complex, will commence next month. The three-level project will be anchored by a 115,000 sq.ft., 20-screen Regal Cinemas; a 70,000 sq.ft. Stop & Shop Supermarket; a 70,000 sq.ft. Hockey New Rochelle, which will contain two NHL regulation-size rinks, a pro shop and a snack bar; a 24,000 sq.ft. Bally's Health & Fitness Club; a 6,500 sq.ft. Applebee's Neighborhood Grill & Bar and a 9,000 sq.ft. Rio Bravo Cantina Tex-Mex restaurant. An additional 80,000 sq.ft. of retail space remains available for lease. A five-level, 1,700 car parking garage will also be constructed. The project is expected to open during Summer 1999.

For more information, contact NewRoc Associates at (914-949-5196).

Prime Retail, Inc. and Sansone Group recently formed a joint venture to develop an outlet/value retail and entertainment center in Eureka, MO. The 750,000 sq.ft. project, built on 104 acres along I-44 across from Six Flags Over Mid-America Theme Park, is expected to open during 1999 and include designer and specialty outlet stores from all retail categories, a variety of big box value retailers, a large multi-screen theater and other entertainment and restaurant venues. Plans call for the project to be built in an outdoor "village-style" with rows of shops divided by courtyards that lead to an enclosed rotunda housing the food court.

For more information, contact Prime Retail at (410-234-0782).

National Realty & Development Corp. is completing construction on Pohatcong Plaza in Phillipsburg, NJ. The 332,000 sq.ft. project is anchored by a 128,212 sq.ft. Wal*Mart store and a 30,495 sq.ft. Toys 'R Us store, both of which recently opened. The project will also be anchored by a 60,000 sq.ft. Edwards supermarket and a 43,500 sq.ft. Regal Cinema. Other tenants at the project include Dollar Express, Party City, Mandee, The Rag Shop, Pet Valu, Holiday Hair, Burger King, K-Nails and Sally Beauty.

For more information, contact Clifford Simon of National Realty & Development Corp. at (800-932-7368).

 

Lead Sheet

Deck The Walls

David Lamb

PO Box 1187

Houston, TX 77251-1187

281-775-5215, Fax 775-5250

Art & Framing

The 200-unit chain operates locations nationwide. The stores, selling artwork and wall decor items as well as offering custom framing services, occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in regional malls. Preferred anchors include Macy's, Dillard's, Foley's and Burdines. Plans call for 15 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 250,000 within 10 miles earning $40,000 as the average income. Leases running 10 years are typical and the company is franchising.

EngineWorld/Bargain Brakes & Mufflers

Richard Weitzman

c/o Equity Properties

600 Haverford Road

Haverford, PA 19041

610-645-7700, Fax 645-5454

Automotive

The 40-unit chain operates locations in DE, MD, NJ, NY, NC, OH and PA. The automotive service centers occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include Kmart, Target, Wal*Mart and supermarkets. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place in the Mid-Atlantic and Southeastern regions. Preferred demographics include a population of 50,000 within three miles earning $35,000 as the average income. Leases running five years are typical and the company is franchising.

Genuine Parts, Inc.

dba Genuine Parts

Ralph Dickson

510 West Airline Avenue

Gastonia, NC 28052-2238

704-864-4594, Fax 864-9979

Automotive

The 34-unit chain operates locations in NC and SC. The automotive parts stores occupy spaces of 8,000 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets. Leases running nine years are typical and the company cites AutoZone and Car Quest as competition.

Drug Emporium, Inc.

dba Drug Emporium, F&M, Big D

Lou Met

155 HIdden Ravines Drive

Powell, OH 43065

614-548-7080, Fax 840-0658

Drug Store

The 224-unit chain operates locations in AZ, AR, CA, GA, IN, KS, LA, MD, MI, MN, MO, NE, NJ, NC, OH, OK, OR, PA, TX, VA, WA, WV and WI. The drug stores occupy spaces of 23,000 sq.ft. to 25,000 sq.ft. in power and strip centers. Preferred co-anchors include supermarkets. Growth opportunities are sought in Columbus and Cincinnati, OH; Louisville, KY; Detroit, MI and Milwaukee, WI. Preferred demographics include a population of 20,000 within one mile and 100,000 within three miles. Leases running 10 to 15 years are typical.

Casio, Inc.

dba Casio

Ed McNally

570 Mount Pleasant Avenue

Dover, NJ 07801

201-361-5400, Fax 361-3819

Electronics

The four-unit chain operates locations in FL, NV, PA and WI. The stores, selling electronics, occupy spaces of 3,000 sq.ft. in outlet centers. Plans call for the opening of four units in the coming 18 months. Expansion will take place in AZ, CA, CO and VA. Leases running five years are typical.

New England Car Stereo

dba Mobil Lifestyles

Paul Cooperstein

300 Centre Street

Holbrook, MA 02343

617-767-7272, Ext. 227, Fax 767-3782

Electronics

The 42-unit chain operates locations in MA, NH and NY. The stores, selling consumer electronics, occupy spaces of 3,500 sq.ft. in regional malls and specialty centers. Plans call for 25 openings in the coming 18 months. Expansion will take place in CT, MA and RI. Preferred demographics include a population of 400,000 within three miles earning $30,000 as the average income. Leases running three years are typical.

Consolidated Theatres

dba Starship Theatres

Frank Meogrossi

3627 South Fundy Way

Aurora, CO 80013

303-693-0242, Fax 693-6064

Entertainment

The six-unit chain operates locations in AZ, CO and UT. The movie theaters occupy spaces of 20,000 sq.ft. to 35,000 sq.ft. in freestanding facilities, regional malls, power and strip centers. Preferred co-tenants include restaurants. Plans call for three openings in the coming 18 months. Expansion will take place in AZ, CO, MT, UT or WY. Preferred demographics include a population of 100,000 within five miles earning $28,000 as the average income. Leases running 15 years are typical.

Gorton Group, Inc.

dba Primages

Chris Youngs

203 Charles Street

Coopersburg, PA 18036

610-282-5566, Fax 282-1240

Entertainment

The 100-unit chain operates locations nationwide. The concept, offering kiddie rides and gumball machines, occupies spaces of 100 sq.ft. in regional malls. Plans call for 12 openings in the coming 18 months. Expansion will take place nationwide. Leases running one year are typical.

Standard Management Co.

dba Standard Theaters

Samuel Freshman/John Thomas

6151 West Century Boulevard, Suite 300

Los Angeles, CA 90045-5314

310-410-2300, Fax 410-2919

Entertainment

The seven-unit chain operates locations in CA, HI, NV and OH. The movie theaters occupy spaces of 15,000 sq.ft. to 60,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls and strip centers. Preferred co-tenants include other entertainment users. Plans call for three openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 100,000 within five miles earning $30,000 as the average income. Leases running 10 years are typical.

Cost Plus, Inc.

dba Cost Plus World Market

Edward Alessandrini

20 Commerce Drive

Warwick, RI 02886

401-737-6060, Fax 737-6090

General Merchandise

The 10-unit chain operates locations in MA and RI. The general merchandise stores occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for five openings in the coming 18 months. Expansion will take place in CT and MA. Preferred demographics include a population of 100,000 within five miles. Leases running 10 years, with options, are typical.

Dollar Depot

W.H. Punt

356 King Street West

Kingston, ON K7L 2X4

613-549-4475, Fax 549-4475

General Merchandise

The six-unit chain operates locations in Ontario. The stores, selling general merchandise and party supplies, occupy spaces of 1,200 sq.ft. in downtown store fronts, freestanding facilities and regional malls. Preferred anchors include Wal*Mart and supermarkets. Plans call for 10 openings in the coming 18 months. Expansion will take place in NJ, NY, OH, PA and throughout New England. Preferred demographics include a population of 250,000 within 20 miles earning $40,000 as the average income. Leases running five years are typical and the company is franchising.

Cutters, Inc.

dba Bo-Ric Haircare

Kevin Lambing

1350 Provincial Road

Windsor, Ontario N9A 6J3

519-966-2626, Fax 966-2624

Hair Salon

The 350-unit chain operates locations in CA, CO, CT, FL, GA, IL, IN, IA, KY, LA, MA, MI, MN, MS, NE, NY, NC, OH, PA, RI, SC, TN, TX, VA and WV. The hair salons occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in regional malls, power and strip centers. Preferred anchors include Kmart, Target, Wal*Mart, drug stores, supermarkets and video stores. Plans call for 60 openings in the coming 18 months. Expansion will take place in FL, IL, IN, KY, MA, MI, OH, PA and RI. Preferred demographics include a population of 35,000 within two miles earning $35,000 as the average income. Leases running five years are typical and the company cites Supercuts and Great Clips as competition.

Salon Development Corp.

dba Cutting Crew

Robert Shaw

55 Eagle Rock Avenue

East Hanover, NJ 07936-0346

973-884-2330, Fax 884-0424

Hair Salon

The 53-unit chain operates locations in CT, NJ and NY. The hair salons occupy spaces of 1,000 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 10 years are typical.

Roberds, Inc.

dba Roberds

Wayne Hawkins

1100 East Central Avenue

Dayton, OH 45449

937-859-5127, Ext. 2306, Fax 859-3319

Home Furnishings

The 25-unit chain operates locations in FL, GA and OH. The stores, selling furniture, appliances, bedding and electronics, occupy spaces of 200,000 sq.ft. in freestanding facilities. Plans call for one opening in the coming 18 months. Expansion will take place in Columbus, OH. Leases running 20 years are typical.

Helzberg's Diamond Shops, Inc.

dba Helzberg Diamonds

Louise Williams/Larry Johnson

1825 Swift

North Kansas City, MO 64116

816-842-7780, Fax 480-0301

Jewelry

The 192-unit chain operates locations in AZ, CA, CO, DE, GA, IL, IN, IA, KS, KY, MI, MN, MO, NE, NV, NJ, NM, NC, ND, OH, OK, PA, SC, SD, TN, TX, VA, WA and WI. The jewelry stores occupy spaces of 1,800 sq.ft. in regional malls. Plans call for eight openings in the coming 18 months. Expansion will take place in CT, MD, NJ, NY, OR, VA and WA. Preferred demographics include a population of 300,000 within 10 miles earning $50,000 as the average income. Leases running 10 years are typical.

Luxottica

dba Lenscrafters

Tom Coleman

8650 Governors Hill Drive

Cincinnati, OH 45249

513-583-6000, Fax 583-6930

Optical

The 750-unit chain operates locations nationwide. The optical stores occupy spaces of 2,500 sq.ft. to 4,500 sq.ft. in regional malls. Plans call for 150 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 150,000 within 10 miles earning $50,000 as the average income. Leases running five years, with a five-year option, are typical.

U.S. Vision

Daryle Feistman

10 Harmon Drive

Blackwood, NJ 08012

609-228-1000, Fax 232-1848

Optical

The 567-unit chain operates locations in 48 states. The optical stores occupy spaces of 800 sq.ft. to 1,200 sq.ft. in power centers and regional malls. Growth opportunities are sought nationwide.

Party City Corp.

dba Party City

Director of Real Estate

400 Commons Way

Rockaway, NJ 07866

201-983-0888, Fax 983-1333

Party Supplies

The 300-unit chain operates locations nationwide. The stores, selling party supplies, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft. in freestanding facilities, power and strip centers. Preferred anchors include Kmart, TJ Maxx, Wal*Mart and supermarkets. Plans call for 100 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 100,000 within five miles earning at least $35,000 as the average income. Leases running 10 years are typical.

GKM Enterprises, Inc.

dba Hooper Camera

Jack Williams

5059 Lankershim Boulevard

North Hollywood, CA 91601

818-762-0454, Fax 766-9436

Photography

The nine-unit chain operates locations in CA. The stores, selling photographic equipment and supplies and offering photo processing services, occupy spaces of 1,800 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 100,000 within five miles earning $45,000 as the average income. Leases running five years are typical.

30 Minute Photos, Etc.

Mitchell Goldstone

c/o Retail Properties Corp.

92 Corporate Park Plaza

Irvine, CA 92606

714-474-7654

Photography

The company operates one unit in CA. The concept, offering photo imaging, is seeking spaces running 1,200 sq.ft. to 1,400 sq.ft. in outlet, power, specialty and strip centers. Preferred anchors include supermarkets. Plans call for at least 80 openings in the coming 18 months. Expansion will take place in CA, the Western region and the Northeastern region. Preferred demographics include a population of 60,000 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.

Bradley Specialty Retailing

dba Major League Baseball Clubhouse Shops

Joe McGrath

393 Fifth Avenue

New York, NY 10016

212-684-6423, Fax 684-7960

Specialty

The 45-unit chain operates locations in AL, CA, IL, LA, MA, MO, NJ, NY, PA, TX and WI. The stores, selling licensed sports products, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in downtown store fronts and regional malls. Preferred anchors include Macy's, Bloomingdale's, JC Penney and children's stores. Plans call for six openings in the coming 18 months. Expansion will take place in Boston, MA; Chicago, IL and NY. Preferred demographics include a population of 600,000 within 10 miles earning $50,000 as the average income. Leases running five years are typical.

Lot Stores

Scott Dweck

6 Sutton Place

Edison, NJ 08817

908-248-6666, Fax 248-0605

Variety

The 34-unit chain operates locations in MD, NJ, NY, PA and Washington, D.C. The variety stores occupy spaces of 4,000 sq.ft. to 8,000 sq.ft. in downtown store fronts, regional malls and strip centers. Preferred anchors include Kmart and Wal*Mart. Plans call for 15 openings in the coming 18 months. Expansion will take place in the existing markets.

Blockbuster Entertainment

dba Blockbuster Video

Bruce Levy

1361 Dividend Drive, Suite K

Marietta, GA 30067

770-858-5536, Fax 858-5552

Video

The 5,000-unit chain operates locations nationwide. The video stores occupy spaces of 5,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Growth opportunities are sought nationwide.

 

Exclusives

Ludwig and Karas, Inc. (248-539-1700) has been named the exclusive leasing agent for the disposition of excess Rite Aid Drug locations in southeastern and northern MI. Stores range in size from 6,000 sq.ft. to 17,000 sq.ft. and include both freestanding facilities and in-line spaces at supermarket-anchored shopping centers.

Grubb & Ellis (248-350-9500) has been named the exclusive leasing agent for Video Update's entrance into the metropolitan Detroit, MI area. Video Update is seeking spaces running 5,000 sq.ft. to 7,000 sq.ft.

The Collin Company (310-394-3126) has been named the exclusive tenant representative for Robeks Juice in southern CA. Robeks Juice currently operates seven locations and plans to open 15 units in the coming 12 months. Site requirements include end-cap spaces running 1,000 sq.ft. to 1,500 sq.ft. in supermarket/drug store anchored centers or destination/entertainment centers. Preferred demographics include a three-mile population of at least 80,000 earning $50,000 as the median household income.

Ripco Real Estate Corp. (610-834-8000) has been named the exclusive leasing agent for three surplus Toys 'R Us sites. They include a 32,000 sq.ft. build to suit site opposite Hamilton Mall in Mays Landing, NJ; a 3,500 sq.ft. pad site opposite Stroud Mall in Stroudsburg, PA and a 10,000 sq.ft. build to suit site adjacent to an existing Toys 'R Us store on Aramingo Avenue in Philadelphia, PA. The company has been retained by Phar-Mor to handle their surplus property as well as their new store site selection in the Philadelphia, PA area. The company has also been retained by Pathmark to lease 11,500 sq.ft. of their former store adjacent to Toys 'R Us at Cumberland Mall in Millville, NJ.

CB Commercial Real Estate Group, Inc. (714-458-5200) has been retained by Benchmark Enterprises as its tenant rep in seeking new sites in southern CA for its Salt Creek Grille restaurants. The company is seeking sites running 6,000 sq.ft. to 10,000 sq.ft. in freestanding facilities with street frontage. The company has also been retained by Kokomo Entertainment Corporation as its tenant rep in seeking new sites nationwide and internationally for its Mike Love's Club Kokomo restaurants/nightclubs.

Excess Space Disposition, Inc. (212-338-0575) has been retained by Kinko's, Inc. to dispose of 24 Kinko's surplus properties nationwide. The buildings range in size from 2,500 sq.ft. to 8,500 sq.ft.

The Goldstein Group (201-703-9700) has been appointed the tenant representative in northern and central NJ for Red Lobster, The Olive Garden and The Original Pancake House.

Charter Realty and Development Corp. (203-629-3939) has been retained by Weingarten Properties as the leasing agent of Dauphin Plaza in Harrisburg, PA. The 214,990 sq.ft. project is anchored by Lowes, Blockbuster Video, Radio Shack, Sally Beauty, Chesapeake Bagels and TGI Friday's. Spaces from 1,600 sq.ft. to 3,200 sq.ft. are available for lease. The company has also been retained by Overlook Towers Partnership as the leasing agent of Keyser Oak Shopping Center in Scranton, PA. The 158,981 sq.ft. project is anchored by The Bon Ton Department Store, Gerrity's Supermarket and Eckerd Drugs. A 30,000 sq.ft. Woolworth store is vacating and is either divisible or expandable up to 48,000 sq.ft.

Rothwood Real Estate Services, Inc. (516-466-3600) has been appointed the national broker for Sporting News Grills, a new concept in entertainment/restaurants. The concept is being licensed from the Sporting News Publications and will be a combination grill and gallery museum featuring sports memorabilia and current sporting events. The restaurant will be 6,000 sq.ft. to 7,000 sq.ft. and seat approximately 180.

 

Space Place

Florida

St. Petersburg- Skyway Plaza is anchored by Kash 'n Karry, Walgreens and True Value. The 107,000 sq.ft. project has spaces of 3,000 sq.ft. and 6,000 sq.ft. available for lease. Demographics include a five-mile population of 103,956 earning $30,867 as the average family income.

For details, contact John Atanasio of Alba Consulting Corp. at (813-443-0718), Fax (447-2369).

Georgia

Atlanta- Stone Mountain Square is anchored by Old Navy, Marshalls, TJ Maxx, Media Play, Linens N Things, Sports Life and Lane Bryant. The 336,663 sq.ft. project has an anchor position available for lease.

For details, contact Jackie Wammock of CNM Associates at (404-869-7094).

Kansas

Olathe- A 55,000 sq.ft. former Schnucks Supermarket is available for sublease at the intersection of 135th Street and Lur-Len. Demographics include a five-mile population of 109,713 earning $60,445 as the average household income. In Overland Park- A 73,000 sq.ft. former Schnucks Supermarket is available for sublease at the intersection of 93rd and Metcalf. The store is an anchor at Regency Square Shopping Center, a 234,000 sq.ft. project also anchored by Borders, Marshall's and Old Navy. Demographics include a five-mile population of 264,423 earning $59,317 as the average household income.

For details, contact Randi Lefko of The R.H. Johnson Company at (816-561-5111), Fax (561-5551).

Michigan

Saginaw- Westwood Plaza is anchored by Wal*Mart. The 218,000 sq.ft. project has spaces of 2,000 sq.ft., 4,000 sq.ft., 8,000 sq.ft. and 20,000 sq.ft. available for lease. Demographics include a three-mile population of 48,500 earning $49,000 as the average income. The site is located near Farmer Jack's and JC Penney.

For details, contact Stan Farrell of A.B. Shopping Center Properties, Inc. at (205-969-1000), Fax (969-1051).

Mississippi

Brookhaven- Brookway Village is anchored by Delchamps and Cato. The 48,000 sq.ft. project, which is located in front of a freestanding Wal*Mart, has space available for lease. Demographics include a trade area population of 35,211 earning $32,449 as the average household income. In Columbus- Towne Square is anchored by Jitney Jungle and Goody's. The 116,000 sq.ft. project has space available for lease. Demographics include a trade area population of 74,515 earning $38,654 as the average household income.

For details, contact JP Properties, Inc. at (770-352-0056).

Ohio

Cincinnati- Colerain Hills Shopping Center is anchored by Kmart, Drug Emporium and Staples. The 250,000 sq.ft. project has a 5,500 sq.ft. space available for lease. Demographics include a five-mile population of 168,041 earning $50,795 as the average income. Also in Cincinnati- A 7,200 sq.ft. restaurant space is available for lease at 6415 Glenway Avenue. Demographics include a five-mile population of 226,987 earning $44,588 as the average income. in West Chester- Union Towne Center has spaces from 1,875 sq.ft. to 28,125 sq.ft. available for lease. The project is expected to open during Spring 1998.

For details, contact Eric Abroms of Eagle Realty Group at (800-361-7235), Fax (513-361-7778).

Virginia

Richmond- Midlothian Market Shopping Center is anchored by Phar-Mor, TJ Maxx, Factory Card Outlet and Cloth World. The 148,869 sq.ft. project has an anchor space of up to 40,000 sq.ft. available for lease. Also in Richmond- The Libbie Place Shopping Center is anchored by Target, Reading China and More!, Boston Market, Einstein Bagels, Blockbuster Video and Kinkos. The 181,435 sq.ft. project has spaces from 2,200 sq.ft. to 25,000 sq.ft. available for lease.

For details, contact Tred Spratley of Sigma National, Inc. at (804-320-6100), Fax (320-6660).

Capital Realty Advisors, Inc. (561-744-1088) leased 61,336 sq.ft. to Winn-Dixie Stores at The Shops at Palm Coast in West Palm Beach, FL.