The Dealmakers Issue Number 46 for the week of December 17, 1999

Save Mart Supermarkets of CA Corp. trades as Save Mart, Smart Foods and Food Maxx at 91 locations in CA. The supermarkets occupy spaces of 45,000 sq.ft. to 55,000 sq.ft. in freestanding facilities and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 25,000 within one mile. Leases running 50 years are typical.

For more information, contact Jim Watt, Save Mart Supermarkets of CA Corp., 1800 Standiford, Modesto, CA 95350; 209-577-1600, Fax 577-3857.

King Soopers, Inc. trades as King Soopers at 80 locations in CO. The supermarkets occupy spaces of 70,000 sq.ft. in strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in CO and WY.

For more information, contact Gary Fritzler, King Soopers, Inc., 65 Tejon Street, Denver, CO 80223; 303-778-2074, Fax 871-9262.

Alex-Lee Inc. does business as Lowe’s Food, Galaxy Stores, IGA and Just Save Food at 102 locations in NC and VA. The supermarkets occupy spaces of 15,000 sq.ft. to 50,000 sq.ft. in power and strip centers. Preferred co-tenants include upscale retailers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 20,000 within five miles earning $45,000 as the average income. Leases running 20 years are typical.

For more information, contact Roger Henderson, Alex-Lee Inc., 1381 Old Mill Circle, Winston-Salem, NC 37114; 336-659-0180, Fax 659-2434.

Macey’s Inc. trades as Macey’s Food & Drug at eight locations in UT. The supermarkets occupy spaces of 52,000 sq.ft. to 68,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

For more information, contact Mike Jackson, Macey’s Inc., 9091 Sandy Parkway, Sandy, UT 84070; 801-561-5400, Fax 561-9933.

Gregerson’s Food, Inc. trades as Save A Lot at 13 locations in AL, FL, and GA. The supermarkets occupy spaces of 12,000 sq.ft. in strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in the existing markets. Leases running five years are typical and the company prefers a vanilla shell.

For more information, contact Stan Clark, Gregerson’s Food, Inc., 644 Walnut Street, Gadsden, AL 35901; 256-549-0644, Fax 547-5510.

Bi-Lo Inc. trades as Bi-Lo Supermarkets at 275 locations in AL, GA, NC, SC and TN. The supermarkets occupy spaces of 41,000 sq.ft. to 57,000 sq.ft. in freestanding facilities and strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 30,000 within five miles. Leases running 20 years are typical.

For more information, contact Bart Coleman, Bi-Lo Inc., PO Drawer 99, Mauldin, SC 29662; 864-234-8708, Fax 675-5480.

CVS Inc. (401-765-1500) plans to open a freestanding 10,000 sq.ft. pharmacy with a drive-thru in Kettering, OH during July 2000. The company won permission to build the store after the Kettering City Council overruled the city’s planning commission and approved the store. The land purchase, demolition and construction is expected to cost CVS more than $3 million. In approving the store, the city council added several conditions such as only this business and not any future occupants may use the drive thru; the drive thru can only be open from 9 a.m. to 9 p.m.; the developer must build a wall to screen the neighbors’ view of the parking lot and that wall must have brick facing with a limestone cap to match the building; the developer must offer each landowner $1,000 worth of shrubs and trees to soften the wall’s appearance; and a hedge on the south property line must be at least four feet high when planted. Theses extras are expected to cost between $50,000 and $100,000.

Hibbett Sporting Goods, Inc. (205-942-4292) has opened 40 of its planned 55 stores through the first three quarters of the year. The company, which operates 211 stores in small markets in 19 Southeastern states, has identified a significant increase in the number of potential markets from 500 to 700 thanks to its strategic shift to focus predominantly on strip centers. The company’s primary store format is Hibbett Sports, which occupies 5,000 sq.ft.

Albertson’s (208-385-6200) plans to develop a supermarket on Eighth Avenue on Palmetto, FL. The company plans to demolish the existing buildings including several duplexes and a half-vacant shopping center that was once anchored by McCrory’s and Mr. C’s Warehouse. A timetable for the store’s opening has yet to be determined. Recently, the company announced its Astrategic direction for 2000 and 2001.@ The plans call for capital expenditures of $1.9 billion for 2000 and $2 billion in 2001. In 2000 the company expects to remodel 130 stores and increase square footage by five percent with the addition of 90 new combination food and drug stores, 50 new stand-alone drugstores and 120 fuel centers. In 2001 the company plans to remodel 140 stores and increase square footage by six percent with the addition of 100 new combination stores, 65 stand-alone drug stores and 130 fuel centers. Currently, the company operates nearly 2,500 stores in 38 states.

Home Depot (770-433-8211) recently opened a 39,000 sq.ft. Villager’s Hardware store adjacent to Garwood Mall in Garwood, NJ. The store is the second of a four-store test, all of which will be built in NJ. The store carries 37,000 products in 10 departments and contains six resource centers for everything needed to complete small home decor and repair projects. www.homedepot.com

Target (612-304-6099) plans to open a 175,000 sq.ft. Super Target store at Watauga Towne Crossing in Watauga, TX during July 2000.

Borders Books Music and Cafe (734-477-1100) plans to open a 28,750 sq.ft. bookstore at Plaza Las Americas in Puerto Rico during February 2000. The store will be the company’s first in a Spanish speaking market and will carry more than 150,000 titles, 40% of which will be in Spanish. www.borders.com

K.V. Mart (310-816-0200) plans to open a 25,000 sq.ft. Top Valu supermarket at the intersection of Long Beach Boulevard and 20th Street in Long Beach, CA. Currently, the company operates 30 stores in CA.

Del Taco Inc. (714-462-7431) plans to enter the NM market with 30 restaurants over the next several years, including 13 in the Albuquerque market. The first restaurants are expected to open during late 2000 and the company plans to spend approximately $1 million in construction per unit. Currently, the company operates 350 restaurants in AZ, CA, NV and UT and is planning an aggressive expansion nationwide with 370 new restaurants by year’s end, 215 by 2003 and another 250 in the three following years.

Staples Inc. (508-370-8500) plans to lease and purchase space for 21 new stores in AL and FL in a deal with Scotty’s Home Centers. The deal will nearly double Staples’ presence in FL from 29 stores to 50 stores and will allow the company to enter the markets of Jacksonville and Tallahassee. The new stores are a strategic complement to the company’s retail expansion program for 2000. Under the agreement with Scotty’s, Staples will lease or sublease 24,000 sq.ft. in each of 14 Scotty’s store locations in AL and FL, take over the leases of three Scotty’s stores and purchase outright four Scotty’s stores. Scotty’s will exit the sites that are being purchased and the ones where Staples is taking over the lease entirely. The FL cities where Staples will be opening new stores include Palm Bay, Tallahassee (2), Spring Hill, Melbourne, Orange Park, Jacksonville, Bayonet Point, St. Petersburg, Sebring, Plant City, Stuart, Palatka, St. Augustine, South Lakeland, Clermont, Orlando, Palm Coast, Eustis and Fernandina Beach. The AL store is located in Mobile. The stores are expected to open during the first and second quarters of 2000.

Wal*Mart Stores (501-273-4000) plans to expand the test of its Wal*Mart Neighborhood Market grocery store concept with as many as 20 stores in the Dallas-Fort Worth, TX market. A 40,000 sq.ft. store is expected to open before the end of the year in Fort Worth and a 53,584 sq.ft. store is planned for Arlington. Additional sites being considered include Mansfield, Denton, Carrollton, Plano, McKinney and Murphy. The stores will range in size from 40,000 sq.ft. to 60,000 sq.ft. and carry a full line of groceries, pharmaceuticals, photo-lab services and a delicatessen, but do not offer other typical Wal*Mart retail items. The company currently operates Neighborhood Market stores in AR and one in OK. The operating stores are located in rural markets and the planned stores will be located in urban markets. The TX stores will compete with six major grocery companies, Tom Thumb, Albertsons, Minyard’s, Kroger, Winn-Dixie and H.E.B.

Wrapsters, Inc./NYB Foods, Inc. (800-711-4036), which operates 70 New York Burrito Gourmet Wrap restaurants, recently acquired the 29-unit 1 Potato 2 chain to give it a combined 99 restaurants. The company, which opens a new restaurant every six days, on average, plans to double its store count by the end of 2000. www.newyorkburrito.com and www.1potato2.com

Amarillo Mesquite Grill, Inc. (316-685-7286) recently completed a private placement of restricted common stock and restructured its long-term debt that could provide it with as much as $1.8 million in cash flow over the next 18 months. The available funds could allow the company to open as many as six restaurants. Currently, the company operates 13 units in AR, KS, MO and OK.

Cohen Commercial Properties, LLC has the listing to sell Plaza 12 Shopping Center in Carteret, NJ. The 65,000 sq.ft. project is anchored by Walgreens and McDonald’s and is located adjacent to a ShopRite anchored shopping center and a freestanding CVS Pharmacy. The asking price is $4.5 million.

For more information, contact Andrew Cohen at (212-679-1222), Fax (679-1533), e-mail (cohen@cohenco.com).

The Rotella Group, Inc. has the listing to sell a former JC Penney/Treasury facility in Lauderdale Lakes, FL. The property consists of 16 acres of land with a 170,000 sq.ft. building. The asking price is $5.5 million. The company represents several 1031 Exchange investors in the market to acquire properties ranging in price from $1 million to $10 million. Recently, the company brokered the sale of two shopping centers at $8.25 million.

For more information, contact William Rotella or A.T. Toroyan at (954-229-7022), Fax (229-0553).

Property Solutions represents two investor groups looking to acquire retail centers with or without anchor tenants in the Chicago, IL metropolitan market. Preferred properties should be priced between $1.5 million and $5 million.

For more information, contact Len Schlangen at Fax (847-697-3373), e-mail (schlangen@usa.net).

CB Richard Ellis has the listing to sell Hammertown Plaza Shopping Center in Stockton, CA. The 79,959 sq.ft. project is a candidate for redevelopment. The asking price is $4.5 million.

For details, contact Don Howson at (916-446-8269), John DuBois at (916-446-8761) or Jon Gianulias at (916-446-8787).

Shopping Center Properties, Inc. has the listing to sell a 1.1 acre corner parcel in Absecon, NJ. The site is located at the intersection of Route 30 and Chester Avenue, five miles west of Atlantic City. The asking price is $600,000.

For more information, contact Michael Oestreich at (212-593-3600), Fax (688-1530), e-mail (scpny@yahoo.com).

Kitchell Development Company has the listing to sell The Pavilions at San Mateo in Albuquerque, NM. The 196,147 sq.ft. project is anchored by Circuit City, Linens >N Things, CompUSA, Just For Feet, Old Navy, Bugle Boy, Norwalk The Furniture Idea and Starbucks. Over 88% of the shopping center is leased to credit tenants and 81% of the center is leased to tenants with initial terms of ten years or more. The asking price is $29.254 million.

For more information, contact Jeff Allen at (602-631-6113) or Chad Schubert at (602-631-6119).

Commercial Ventures, Inc. has the listing to sell a 57,466 sq.ft. parcel of land located at the intersection of Santa Fe Road and Blackbob Road in Olathe, KS. The site is located across from a new Super Target, Lowe’s, Walgreens and Hen House Super Center. The asking price is $530,000.

For more information, contact Scott Jerwick at (913-262-7799), Fax (262-9299), e-mail (jerwicks@aol.com).

Excell Fund, LLC has the listing to sell a two-tenant retail site in south TX. The tenants, EZPawn and CSK Auto both have NNN leases with 10 to 15 years remaining on the leases. The asking price is $1.686 million. The company has the listing to sell an 8,000 sq.ft. freestanding Family Dollar Store in Denver, CO. The tenant has 10 years remaining on its NNN lease. The asking price is $600,000. The company is in the market to acquire shopping centers having GLAs of at least 85,000 sq.ft. nationwide. Preferred properties should be at least 50% occupied with some credit tenants. Properties located in small towns will be considered.

For more information, contact Steven Cersonsky at (303-320-0003), Fax (377-6167).

Buyers Realty has the listing to sell three new Walgreens stores in Kansas City, MO. The tenants have NN 20-year flat leases. The asking prices are $4.192 million, $4.447 million and $3.643 million. Financing is available at buyers options of 215 basis points over interpolated 15-year T-bill. Deals may also be bought for 100% cash.

For more information, contact Jeff Daniels at (515-277-4000), Fax (277-5976).

The Hutensky Group has the listing to sell Northwest Outlot Center in Dayton, OH. The 11,874 sq.ft. project is 100% occupied and located near a major shopping center. The 2000 projected NOI is $145,142. The company also has the listing to sell Salem Center in Trotwood, OH. The 20,140 sq.ft. project is 100% occupied and located near a regional mall. The 2000 projected NOI is $296,070.

For more information, contact Joseph French Jr. at (860-527-2222), Fax (706-0076).

Edens & Avant recently acquired the following 11 shopping centers: Town Center Plaza, anchored by Books-A-Million and Sports Authority, in Sanford, FL; Oak View Plaza, anchored by Food Lion, in Hopkinsville, KY; Swift Creek Plaza, anchored by Food Lion and CVS, in Garner, NC; Gettysburg Marketplace, anchored by Giant and Blockbuster Music & Video, in Gettysburg, PA; East Greenwich Center, anchored by Ro-Jacks, Sears Homelife and Walgreens, in East Greenwich, RI; North Providence Marketplace, anchored by Shaw’s Supermarket and Fashion Bug, in Providence, RI; Tradewinds Plaza, anchored by Food Lion, in Myrtle Beach, SC; Tilgham Beach Plaza, anchored by Food Lion and CVS, in North Myrtle Beach, SC; Surfwood Plaza, anchored by Lowe’s Home Improvement and Tomlinson’s, in Myrtle Beach, SC; Pawleys Crossing, anchored by Food Lion, in Pawleys Island, SC and Central Plaza, anchored by Food Lion and Dollar General, in Church Hill, TN. The company expects to close deals on a number of additional centers before the end of the year. The company’s portfolio consists of more than 220 shopping centers in 18 states.

For more information, contact Edens & Avant at (800-662-7212), home page (www.edensavant.com).

Grubb & Ellis has the listing to sell Meadville Mall in Meadville, PA. The 243,079 sq.ft. project is anchored by Kmart, Montgomery Ward, Eckerd Drugs, Fashion Bug, Foot Locker and Payless Shoes. The company has the listing to sell Ebensburg Hills Plaza in Ebensburg, PA. The 126,005 sq.ft. project is anchored by Hills, Giant Eagle, Eckerd, Radio Shack, Fashion Bug, GNC and KFC. The company also has the listing to sell Westwood Plaza Shopping Center in Johnstown, PA. The 187,139 sq.ft. project is anchored by Bi-Lo Foods, Ames, Fashion Bug and Eckerd.

For more information, contact Neil Brazitis at (610-337-4244), Fax (337-1616) or Louis Oliva at (412-434-1043), Fax (281-8814).

Montgomery CV Realty Trust is in the market to acquire community and neighborhood shopping centers anchored by food and/or drug stores located within a three-hour drive of the company’s Plymouth Meeting, PA office and throughout FL. Larger centers or concentrated portfolios located in other metropolitan areas, especially along the Eastern Seaboard, will be considered. Preferred properties should have GLAs of at least 100,000 sq.ft. and be competitively located in stable or growth markets. Properties or portfolios that are in need of redevelopment, repositioning or pro-active management are preferred.

For more information, contact Charles Morroney or Jeffrey Hipple at (610-825-7100), Fax (834-8110), home page (www.montgomerycvrt.com).

Urstadt Biddle Properties Inc. is in the market to acquire neighborhood and community shopping centers in the New York City metropolitan market, with an emphasis on centers located in Westchester County, NY and Fairfield County, CT. Preferred properties should have GLAs between 20,000 sq.ft. and 200,000 sq.ft., be anchored by a supermarket and have below market rents or room for expansion. Properties priced between $2 million and $25 million are of interest.

For more information, contact John Merritt at (203-863-8200), Fax (861-6755), e-mail (acquisitions@ubproperties.com).

AIG Baker Shopping Center Properties, LLC plans to develop Cherrydale Point in Greenville, SC. The 347,018 sq.ft. project, located at the intersection of Poinsett Highway, North Pleasantburg and Highway 253, is expected to be occupied by a junior department store, an apparel store, an office supply store, a supermarket, a movie theater, a book store, a discount store and restaurants. Demographics include a five-mile population of 128,428 earning $49,922 as the average household income.

For more information, contact Ernie Johnson or Scott McGee at (800-277-0606).

Edens & Avant recently broke ground on Lumberton Towne Centre in Lumberton, NC. The 125,000 sq.ft. project, located at the intersection of Highway 301 and Fayetteville Highway, will be anchored by a 50,000 sq.ft. Lowes Foods AFreshSmart@ store. The center will feature other retailers that provide a complement of Anecessity@ goods and services. A third quarter 2000 opening is planned.

For more information, contact Edens & Avant at (800-662-7212), home page (www.edensandavant.com).

Developers Realty Corporation and Froom Development Corp. plan to develop Plainfield Plaza in Cranston, RI. The site, located at Exit 4 of I-295, will share access with a Wal*Mart and RoJacks Supermarket. Demographics include a five-mile population of 163,059 earning $45,358 as the average income. The company also plans to develop Concord Commons in Concord, NH. The project will be located between I-393 and Loudon Road, across the street from a newly enlarged Wal*Mart Supercenter, Toys >R Us, a Hoyt’s 10-plex theater, Steeplegate Mall, a newly developed Home Depot and a Target store that is under construction. Preliminary plans call for a 130,000 sq.ft. building divided into a 45,000 sq.ft. space, two 30,000 sq.ft. spaces and a 25,000 sq.ft. space. A 10,000 sq.ft. building on an outparcel is also planned.

For more information, contact Joe Baranowski of Developers Realty Corporation at (860-233-6221) or Ronald Froom of Froom Development Corp. at (305-935-4499).

Harrison & Grass, LLC is developing The Colonnade at State College in State College, PA. The 550,000 sq.ft. power center, fronting US 322, will be anchored by Target and Wegmans. Other prospective tenants will include toys, electronics, office supply, books, sporting goods, drug stores, video and restaurants. Demographics include a five-mile population of 63,882 earning $36,715 as the median household income. A Spring 2001 opening is planned.

For more information, contact William Aiello of Bennett Williams Realty, Inc., the exclusive leasing agent, at (717-795-1070), Fax (795-0923).

Wargo Properties, Inc. and JDN Real Estate plan to develop Hamilton Marketplace in Hamilton, NJ. The 1.1 million sq.ft. power center, located on Route 130 near I-195, will be anchored by Wal*Mart, Lowe’s Home Center, Kohl’s, Genuardi’s Supermarket and a movie theater. Demographics include a seven-mile population of 207,312 earning $56,141 as the average household income.

For more information, contact Chas. Wargo at (610-962-0600).

Aaron Rents, Inc. (404-231-0011) recently obtained a new $52 million financing facility for its Aaron’s Rental Purchase franchise owners. The lending facility is with SunTrust Bank, First Union National Bank, Bank One, N.A and SouthTrust Bank, N.A. The program, which replaced a $40 million facility, provides funding for new franchises and offers accessibility to a long-term revolving credit facility for qualified and experienced franchise owners. By expanding the capital available for new store openings, the facility is expected to enhance and accelerate the growth of the Aaron’s Rental Purchase division. The company currently has 153 franchise stores open with a backlog of 118 more stores to be opened over the next several years. Overall, the company operates and franchises 481 stores in 39 states.

FINOVA Realty Capital (714-724-8700) recently provided $9.375 million in permanent financing to the owners of The Center Martinez in Martinez, CA to pay off the existing debt. The 75% loan-to-value features a 10-year term amortized over 30 years. The 114,258 sq.ft. project is anchored by HomeBase. The company recently provided $7.25 million in financing to the buyers of a newly built 110,000 sq.ft. HomeBase store in Modesto, CA. The 10-year term financing was amortized over 30 years. The company also provided the owners of Scotts Village $8.235 million in permanent financing to refinance its 129,497 sq.ft. project in Scotts Valley, CA. Underwritten at 70% loan-to-value, the financing features a 10-year term amortized over 30 years. The project is anchored by Safeway and Longs Drugs.

dba Al’s Formal Wear, Ascot Tuxedos, Bridesmart

Ellis Rnshefsky

7807 South Main

Houston, TX 77030

713-791-1888, Fax 791-1692

The 100+-unit chain operates locations in LA, NM, OK and TX. The stores, offering formal wear for men and women, occupy spaces of 1,200 sq.ft. to 10,000 sq.ft. in power centers and regional malls. Plans call for as many as 12 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 125,000 within five miles earning $35,000 as the average income. Leases running five years are typical.

dba Hajjar’s Big & Tall

Steven Hajjar

513 Quincy Avenue

Quincy, MA 02169

617-479-3251, Fax 479-9450

The seven-unit chain operates locations in MA and NH. The stores, selling men’s big and tall apparel, occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in freestanding facilities, outlet, specialty and strip centers. Plans call for as many as two openings in the coming 18 months. Expansion will take place in MA and RI. Preferred demographics include a population of 100,000 within three to five miles earning $40,000 as the average income. Leases running five years are typical.

dba New Man

Robert Taylor

551 Madison Avenue

New York, NY 10022

212-758-3337, Fax 583-7530

The four-unit chain operates locations in CA, FL and NJ. The stores, selling men’s and women’s sportswear, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in regional malls and strip centers. Plans call for as many as two openings in the coming 18 months. Expansion will take place in Washington, D.C.

dba Cottman Transmission

Dennis Fenerty

240 New York Drive

Fort Washington, PA 19034

800-394-6116, Fax 215-643-2519

The 210-unit chain operates locations nationwide. The stores, offering transmission repairs, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in freestanding facilities. Plans call for as many as 50 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 50,000 within three miles earning $30,000 as the average income. Leases running 15 years are typical and the company is franchising.

Michael Wheat

c/o Trammell Crow Company

2001 Ross Avenue, Suite 3400

Dallas, TX 75201

214-863-3198, Fax 863-3127

e-mail: mwheat@trammellcrow.com

The 140-unit chain operates locations from NC to Washington, D.C. The tire stores occupy spaces of 7,000 sq.ft. in freestanding facilities. Plans call for 25 openings in the coming 18 months. Expansion will take place in the existing markets. The company prefers to purchase its locations.

dba Ziebert

Dick Fogo

1290 East Maple Road

Troy, MI 48007-1290

248-588-4100, Fax 588-0718

e-mail: rfogo@ziebart.com

home page: www.ziebart.com

The 700-unit chain operates locations worldwide. The stores, offering automotive detailing and accessories, occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought worldwide. Preferred demographics include a population of 75,000 within three miles earning $45,000 as the average income. Leases running five years, with two options of five years each, are typical.

dba Crown, Fast Fare, Zippy Mart

Bob Fritz

PO Box 1168

Baltimore, MD 21203

410-659-4841, Fax 659-4734

The 331-unit chain operates locations in AL, GA, MD, NC, SC, PA and VA. The convenience stores, which also sell gasoline, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding facilities on land areas of 40,000 sq.ft. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 15 years are typical.

dba Johnny Quik Food Stores

George Bral

5794 East Shields #101

Fresno, CA 53727

559-291-7136, Fax 291-1656

The 24-unit chain operates locations in CA. The convenience stores occupy spaces of 3,400 sq.ft. in freestanding facilities. Plans call for six openings in the coming 18 months. Expansion will take place in central CA. Preferred demographics include a population of 50,000 within three miles earning $40,000 as the average income. Leases running 20 years are typical.

dba Snyders Drugs

Mike Pan

14525 Highway 7

Minnetonka, MN 55345

612-936-2412, Fax 936-2512

Home Page: www.snyderdrug.com

The 57-unit chain operates locations in MN. The drug stores occupy spaces of 10,000 sq.ft. in freestanding facilities and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market. Leases running 10 years are typical. and the company is franchising.

Patrick Peery

N 56 W17000 Ridgewood Drive

Menomonee Falls, WI 53051

414-703-7000, Fax 703-7274

The 259-unit chain operates locations nationwide. The department stores occupy spaces of 75,000 sq.ft. to 100,000 sq.ft. in freestanding facilities, regional malls, power and strip centers. Plans call for as many as 35 openings in the coming 18 months. Expansion will take place nationwide. Leases running 15 years are typical.

Paul Norris

100 Bayview, Suite 4000

Newport Beach, CA 92660

949-509-2550, Fax 737-2661

The 45-unit chain operates locations in AZ, CA, FL and PA. The health and fitness clubs occupy spaces of 20,000 sq.ft. to 40,000 sq.ft. in freestanding facilities. Preferred co-tenants include movie theaters. Plans call for 20 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 80,000 within three miles earning $50,000 as the average income. Leases running 15 years are typical.

dba International House of Pancakes

Michael Horne

400 Perrine Road, Suite 405

Old Bridge, NJ 08857

732-721-5800, Fax 721-9241

(Real estate contact for NJ, NY & PA)

The 785-unit chain operates locations nationwide. The family restaurants occupy spaces of 5,000 sq.ft. in freestanding facilities. Plans call for 70 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 120,000 within five miles earning $45,000 as the average income. Leases running 20 years are typical and the company is franchising.

Gaylor Cole

565 Marriott Drive, Suite 490

Nashville, TN 37214

615-885-9056, Fax 885-9057

The 28-unit chain operates locations in AL, GA, IN, KY, LA, OK, TN and WV. The steakhouses occupy spaces of 8,000 sq.ft. in freestanding facilities, regional malls, entertainment and power centers. Preferred anchors include Target. Plans call for 24 openings in the coming 18 months. Expansion will take place in FL, MI, MO, OH and TX. Leases running 20 years, with two options of five years each, are typical and the company cites Lone Star and Outback Steakhouse as competition.

dba Villa Pizza, Villa Pizza Cucina

Biagio Scotto

17 Elm Street

Morristown, NJ 07960

973-285-4800, Fax 285-5252

The 200-unit chain operates locations nationwide. The Italian restaurants occupy spaces of 500 sq.ft. to 2,200 sq.ft. in downtown store fronts, regional malls, entertainment, outlet and specialty centers. Plans call for 30 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical and the company is franchising.

Dick Hunsaker

PO Box 2310

Eugene, OR 97402

541-344-0681, Fax 686-9092

The 52-unit chain operates locations in OR and WA. The general merchandise stores occupy spaces of 30,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include grocery stores. Plans call for eight openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 25 years are typical.

Bill Deasy

c/o Fidelity Commercial

216 Mall Boulevard, Suite 120

King of Prussia, PA 19406

610-878-2220, Fax 878-2222

The 164-unit chain operates locations worldwide. The stores, selling European style contemporary furniture, occupy spaces of 275,000 sq.ft. to 300,000 sq.ft. in freestanding facilities. Plans call for three openings annually. Expansion will take place worldwide. Preferred demographics include a population of two million within 20 miles earning $55,000 as the average income. The company prefers to purchase its locations.

dba Rent Way

Jim Harris

1 Rentway Place

Erie, PA 16505

814-461-5711, Fax 461-5408

The 1,120-unit chain operates locations nationwide. The stores, offering furniture on a rent-to-own basis, occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in freestanding facilities and strip centers. Preferred anchors include Wal*Mart and supermarkets. Growth opportunities are sought nationwide. Leases running three to five years are typical.

dba HomeBase

Dave Weigel

3345 Michelson Drive

Irvine, CA 92612

949-442-5265, Fax 442-5120

The 88-unit chain operates locations in AZ, CA, CO, ID, NV, NM, OR, TX, UT and WA. The home improvement stores occupy spaces of 130,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls and power centers. Preferred co-tenants include Costco, Kmart, Target and Wal*Mart. Growth opportunities are sought in the existing markets. Preferred demographics include a population of 150,000 within five miles earning $45,000 as the average income. Leases running 20 years are typical.

dba Siperstein’s

Steve Siperstein

415 Montgomery Street

Jersey City, NJ 07302-3396

201-333-2215, Fax 333-2299

The 23-unit chain operates locations in CT, MA and NJ. The stores, selling paints and wallcoverings, occupy spaces of 10,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in CT and NJ. The company prefers to purchase its locations.

Ken Brownell

c/o Vanguard Capital Realty, Inc.

2050 Western Avenue #201

Guilderland, NY 12084

518-862-0861, Fax 452-5972

The three-unit chain operates locations in NY. The stores, selling wood flooring and accessories, occupy spaces of 4,500 sq.ft. in freestanding facilities and strip centers. Preferred anchors include home improvement retailers. Plans call for two openings in the coming 18 months. Expansion will take place in MA and NY. Preferred demographics include a population of 100,000 within five miles earning $35,000 as the average income. Leases running five years are typical.

dba Alwilk Music

Carlo Pietrangelo

35 Broad Street

Elizabeth, NJ 07021

908-353-6271, Fax 353-7323

The four-unit chain operates locations in NJ. The record stores occupy spaces of 2,500 sq.ft. to 4,000 sq.ft. in regional malls and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market. Leases running five years are typical.

dba Feldman’s

Lee Feldman

PO Box 181

Newton, MS 39345

601-683-3511, Fax 683-7001

The 10-unit chain operates locations in MS. The stores, selling men’s and women’s athletic shoes, occupy spaces of 4,000 sq.ft. in strip centers. Plans call for one opening in the coming 18 months. Expansion will take place in the existing market.

dba 99 Cents Center

Director of Real Estate

4650 Baker Avenue

Cincinnati, OH 45212

513-396-6922, Fax 351-1829

The nine-unit chain operates locations in OH. The variety stores, offering merchandise at the fixed price-point of $1, occupy spaces of 6,000 sq.ft. to 20,000 sq.ft. in strip centers. Plans call for three openings in the coming 18 months. Expansion will take place in KY and OH. Leases running five years are typical.

The Cafaro Company (330-747-2661) leased 3,093 sq.ft. to Pacific Sunwear at Huntington Mall in Barboursville, WV; 3,425 sq.ft. to Pacific Sunwear at Spotsylvania Mall in Fredericksburg, VA and 2,050 sq.ft. to Tradehome Shoes at Kennedy Mall in Dubuque, IA.

Glimcher Group (412-765-3333) leased space to First American Cash Advance at Lincoln Knolls Plaza in Youngstown, OH.

Aries Deitch & Endelson (914-949-2800) leased 5,300 sq.ft. to Hollywood Video at Mahopac Village Centre in Mahopac, NY.

Sigma National, Inc. (804-320-6100) leased 23,500 sq.ft. to OfficeMax and 45,000 sq.ft. to HomePlace at Commonwealth Centre-Phase I in Richmond, VA.

Uniwest Realty, Inc. (703-671-2880) leased space to R&R Pool & Patio at a former Roy Roger’s location in Tysons Corner, VA and space to Chamdo Brew Pub at a former Red Hot & Blue location in Herndon, VA.

Developers Diversified Realty Corporation (216-247-4700) leased 30,000 sq.ft. to OfficeMax at Quincy Place Mall in Ottumwa, IA.

Pliskin Realty and Development, Inc. (516-997-0100) leased 16,000 sq.ft. to Odd Job in Lake Success, NY; 12,500 sq.ft. to Everything 99 Cents in Levittown, NY; 5,000 sq.ft. to Blockbuster Video at Morton Village Shopping Center in Plainview, NY; 3,500 sq.ft. to Wall Furniture Outlet at Gateway Plaza in Patchogue, NY; 1,880 sq.ft. to Software Etc. at Delco Plaza in Hicksville, NY; 1,400 sq.ft. to LA Weight Loss Centers in East Northport, NY; 1,500 sq.ft. to LA Weight Loss Centers in Jackson Heights, NY; 10,000 sq.ft. to Goodwill Industries at Columbia Center in Hudson, NY and 7,800 sq.ft. to Goodwill Industries in Jersey City, NJ.

Pasbjerg Development Co. (973-467-0950) leased 22,000 sq.ft. to Odd Job at Styertowne Shopping Center in Clifton, NJ.

Capital Realty Advisors, Inc. (561-624-5888) leased 4,000 sq.ft. to Only A Buck at Spring Park Plaza in Denham Springs, LA.

Zimmer Development Company (910-763-4669) announces that Roxana Kish has been named director of leasing in charge of national tenants. In her new position, Kish will be responsible for expanding relationships and targeting opportunities with major national and regional retailers throughout the company’s portfolio. Formerly a senior leasing executive with Konover Property Trust, Kish has been in the retail and real estate industry for 20 years and most recently completed leasing of Mount Pleasant Towne Centre in Mount Pleasant, SC.

Ripco Real Estate (610-834-8000) has been selected as a member-affiliate in the Delaware Valley (Philadelphia, PA market) for ChainLinks. As part of its affiliation, Ripco becomes not only a member, but a shareholder in ChainLinks.

Goodstein Realty Commercial, LLC (212-751-0900), which recently moved into a larger office space, plans to hire as many as 10 experienced commercial, investment sales and retail brokers.

United Retail Development Company, LLC (770-512-8200) announces the appointment of Gerald Marton as executive vice president. For the past 14 years, he has been employed by Eckerd Corporation, where he most recently served as regional vice president/real estate.

Target (612-304-6099) plans to close its Mack Road store in Sacramento, CA by the end of next month. The company has operated the store since 1987, but is closing the unit because it has not been turning a profit Afor some time.@

Filene’s Basement (617-348-7000) plans to close another 18 stores, in addition to the 17 closures announced in September, before the end of the year. The closings will leave the company with 22 stores.

Just For Feet (205-408-3000) plans to close 37 stores nationwide, including nine former Sneaker Stadium stores in NJ. The company acquired the Sneaker Stadium stores in July 1998 and converted them to its Just For Feet concept. The stores are expected to close just after Christmas. The company filed for Chapter 11 protection last month and at the time was operating 81 superstores and 95 specialty stores.

Grubb & Ellis/Harrison & Bates (804-788-1000) has been named the marketing agent of an 84,683 sq.ft. former Home Quarters building in Chesterfield County, VA.

Metro Commercial Real Estate, Inc. (609-866-1900) has been named the exclusive leasing agent for Shop Rite Plaza in Vineland, NJ. The 105,000 sq.ft. project is anchored by Shop Rite.

Pliskin Realty and Development, Inc. (516-997-0100) has been named the exclusive broker for Deer Shore Square Shopping Center in North Babylon, NY. The project is anchored by Sears Hardware, Maces and Umbertos and has a 4,700 sq.ft. space available for lease. The company is the exclusive leasing agent of Bi-County Shopping Center in Farmingdale, NY. The project is anchored by King Kullen, Blockbuster, Kaybee Toys and Genovese and has three spaces available for lease. The company is the leasing agent for Sunrise Plaza in Lindenhurst, NY. The 250,000 sq.ft. project is anchored by King Kullen, Genovese, Hollywood Video and Leslie Pool. Up to 12,000 sq.ft. is available for lease. The company is the exclusive leasing agent of Old Country Buffet/Tri-County Flea Market in Levittown, NY. Up to 12,000 sq.ft. is available for lease.

The Rotella Group, Inc. (954-229-7022) has been named a preferred broker by McDonald’s for the portions of Broward and Palm Beach County, FL east of the Florida Turnpike. The company has also been awarded an exclusive consulting agreement for Garden Fresh Restaurant Group, Sweet Tomatoes/Souplantation. The company will oversee the expansion and site selection process for the company in the markets of Charlotte and Raleigh-Durham, NC and Washington, D.C.

Pyramid Brokerage Company, Inc. (315-445-8501) has been retained as the exclusive broker for the disposition of two freestanding Carmella’s Cafe restaurants in the greater Syracuse, NY market. Both are 5,500 sq.ft. full service sit-down facilities that seat 250 and can be made fully equipped. One is located in DeWitt near Routes 5 and 690 featuring a five-mile population of 167,417 earning $42,206 as the average household income and the other is located on Route 11 in North Syracuse with a five-mile population of 100,403 earning $49,237 as the average household income.

Gordon Brothers Group, LLC (617-422-6299), Ozer Group and Scottenstein Brothers Capital Group announce that they have been appointed as a joint venture to manage the disposition of all of the remaining assets of JumboSports, Inc. The U.S. Bankruptcy Court approved a transaction that enables the joint venture to underwrite the global assets of JumboSports. Under the terms of the agreement, in addition to completing the inventory liquidation sales being conducted by the joint venture, it will manage the sale of the company’s owned and leased properties, and furniture fixtures and equipment in the company’s remaining 42 stores. The joint venture has underwritten those assets in excess of $81 million. JumboSports filed for Chapter 11 protection in December 1998. This past October, the company won approval to sell or close all of the company’s stores combined with an orderly wind-down of business. Closing sales began last month.

CB Richard Ellis (212-207-6108, CT, NY; 973-984-7901, NJ; 516-934-8011, Long Island) represents Castro Custom Furniture & Convertibles in its search for sites in the CT, NJ and NY markets. Preferred sites should be 9,000 sq.ft. to 12,000 sq.ft. within a furniture hub located near a regional or super regional shopping center. The company, which operates more than 90 stores, is planning to open as many as 30 stores per year.

Trammell Crow Company (973-701-6117) represents Exxon in its search for locations throughout NJ. Preferred sites should be one to two acres and located at signalized intersections. Sites located on outparcels of shopping centers are preferred. Existing service stations will be considered. An Exxon facility usually consists of multiple product gas dispensers, a convenience store and/or fast food restaurant, a canopy and drive thru window, if possible and a car wash, if possible. The company prefers to purchase locations, but will consider lease opportunities.

Levey, Miller, Maretz & Proto LLC (203-389-5377) represents ExpressWay in its search for sites in CT, MA, NJ, NY and RI. Land parcels of at least 10,000 sq.ft. are sought for a building of 2,000 sq.ft. to 4,000 sq.ft. The company will purchase, lease, land lease or do build to suit deals.

San Jose- Bernal Shopping Center is anchored by Lucky/SavOn, Wolf Camera, Supercuts, Starbuck’s and McDonald’s. The project has anchor positions and pad sites available for lease. Demographics include a three-mile population of 54,642 earning $79,760 as the average household income.

For details, contact Christine Firstenberg of Terranomics Retail Services at (415-474-6100), Fax (771-1115) or David Ferrari of Ferrari Investors at (415-327-7653), Fax (327-7670).

Lighthouse Point- A 17,000 sq.ft. anchor position is available for lease at a shopping center anchored by Publix, Linens >N Things and TJ Maxx.

For details, contact William Rotella or Julie Branch of The Rotella Group, Inc. at (954-229-7022), Fax (229-0553).

Mission- Spaces of 1,200 sq.ft. and 6,222 sq.ft. are available for lease at Marketplace Shopping Center. Also in Mission- Mission Mart Shopping Center is anchored by Jo Ann Fabrics, Paper Warehouse, Dollar General and Tuesday Morning. The 130,000 sq.ft. project has spaces from 1,550 sq.ft. to 10,000 sq.ft. available for lease.

For details, contact Scott Jerwick of Commercial Ventures, Inc. at (913-262-7799), Fax (262-9299), e-mail (jerwicks@aol.com).

Vickburg- Pemberton Square Mall is anchored by Dillard’s, JC Penney, McRae’s and Stage. The 404,047 sq.ft. project has spaces from 687 sq.ft. to 6,393 sq.ft. and a .94 acre outparcel available for lease. Demographics include a trade area population of 134,148 earning $49,263 as the average household income.

For details, contact David Heydasch of Pemberston Square Mall at (601-634-0823), Fax (638-7605).

Bethlehem- Lehigh Shopping Center is anchored by Foodlane, Staples, Frank’s Nursery, Marshall’s and Ames. The 350,000 sq.ft. project has spaces of 2,900 sq.ft., 6,800 sq.ft., 9,100 sq.ft. and 35,000 sq.ft. available for lease. Demographics include a three-mile population of 113,177 earning $45,072 as the average income.

For details, contact Nick Andreadis of Heritage Realty Management, Inc. at (516-466-4300), Fax (466-5942).

Austin- Windsor Village Shopping Center is anchored by Eckerd Drugs. The 115,757 sq.ft. project has space available for lease. Demographics include a three-mile population of 118,488 earning $30,366 as the average household income. In Dallas- Webb Royal Plaza is anchored by Minyard Food Stores and Blockbuster Video. The 108,627 sq.ft. project has space available for lease. Demographics include a three-mile population of 94,655 earning $72,490 as the average household income. Also in Dallas- Wynnewood Village Shopping Center is anchored by Montgomery Ward, Kroger, Blockbuster Video, Weiner’s, Luby’s, Eckerd, MacFrugal’s, Radio Shack and Colbert. The 635,500 sq.ft. project has space available for lease. Demographics include a three-mile population of 155,580 earning $30,456 as the average household income.