Great Atlantic & Pacific Tea Co., Inc.

Great Atlantic & Pacific Tea Co., Inc. trades as Super Fresh Markets at 69 locations in DE, NJ and PA. The supermarkets occupy spaces of 25,000 sq.ft. to 55,000 sq.ft. in strip centers, power centers, freestanding facilities, and downtown storefronts. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 20 years are typical.
For more information, contact Donald Dauphin, Great Atlantic & Pacific Tea Co., Inc., 707 Railroad Avenue, Florence, NJ 08518; 609-499-6035, Fax 499-6125.

MortgageCap Financial (315-478-1667) is providing construction and development financing for retail, hotels, motels, industrial and office space. Mixed use properties and conversion developments can be financed. Up to 90% financing for construction loans that roll over into 10-year permanents are also available. Borrowers can take up to two years to complete construction and in many cases the interest can be capitalized and paid back once the project is stabilized. Interest rates are based on LIBOR.

Sanderhoff & Associates, Inc. (630-629-0408) offers a high loan to value commercial program that applies to income-producing properties nationwide with a LTV ratio of 85% to 95% on loan of $5 million or more. Loan terms go up to 20 years self-amortizing; with seven to ten year balloon loans available. High credit quality required and partial recourse in selected situations.

D.W. Mortgage & Investments (609-861-0874) has access to private money sources and private investors worldwide who can fund any project, at any location, in any condition, under creative terms. Highlights include: seller carry back, purchase/lease option programs, FDIC/RTC workouts, hard money, partnership buyouts, bank buydowns, foreclosures, bankruptcy, delinquent taxes, construction, single purpose property, renovation/rehab, refinance, acquisition, lines of credit for investor purchase and rehab loans and note purchases. Loans from $30,000 are available and commitments come within 24 to 72 hours. Closings take place as quickly as two weeks. Interest rates range from 10% to 16%, collateralized by property. Points are variable. Loan to value ratios range from 50% to 80%.

Met Group (201-866-4800) represents lenders aggressively seeking financing opportunities nationwide. Through Met Mortgage, creative financing solutions for mortgage and commercial loans are available. During the past year, the company has processed more than $750 million in financing requests.

Pacific Crest Commercial Real Estate Lending, Inc. (877-864-1905) recently opened a lending office in Scottsdale, AZ. The company specializes in single or multi-tenant retail and industrial, office, motel/hotel properties, senior living properties and more.

McMilliam Dean Financial Trust Company (914-754-0828) offers loans from $250,000 to $300 million on A, B and C quality credit properties such as performing properties, retail centers, strip centers and mixed used buildings. The company does not provide loans for restaurants or land parcels. Floating and fixed terms are available as is loan terms from five to thirty years with amortization schedules from 10 to 30 years. Closings can occur as fast as 45 days.

InterCapital Partners (808-737-2846) has equity partners for build-to-suit retail and industrial projects. While focusing on single tenant build-to-suits, with tenants of BB or higher credit, the equity partner is open to any type of commercial real estate development that includes a firm exit strategy or a firm take out from a qualified buyer. The equity partner will become a limited partner or a shareholder in a limited liability corporation. The developer will be the general partner of any limited partnership or managing shareholder of a limited liability corporation. The equity partner is not a lender and does not place a lien on the property. The equity partner will hold a superior debt position with the developer holding a junior debt position. The equity partner will provide, in the form of a letter of credit or certificate of deposit, up to 100% of the equity required by a lender to secure traditional financing. The amount of equity provided by the equity partner is dependent on the amount of hard equity already in the project. It should be noted that developers should not view this program as a means to obtain 100% equity and financing. The developer must have verifiable cash equity in the project or a D&B or S&P AAA credit tenant. The equity partner does not guarantee any loan and the developer must provide all guarantees required by the lender. The developer will guarantee the maximum development costs to the equity partner. The developer will be allowed to draw down any developer’s fees agreed to by tenant and the equity partner on a pro-rata basis during the construction period. Upon the sale of the facility, the equity partner will receive a percentage of the profits for its compensation. Depending upon the profitability of the project and the developer’s cash equity, this percentage has historically been between 15% and 40% of the total profits of the transaction.

Diversified Funding Services (972-416-9685) provides lump-sum cash for seller-financed mortgage notes of all sizes, performing and non-performing. The company also has nationwide buyers for business notes, commercial leases, auto-note portfolios and other periodic cash flows. The company can also arrange new financing for all types of commercial properties including acquisition, refinance and construction.

Colliers Lanard & Axilbund (215-925-4600) has been named the exclusive leasing representative for Lechter’s in the greater Philadelphia, PA market. The company recently completed three lease transactions for more than 26,000 sq.ft. at The Marketplace at Huntingdon Valley in Huntingdon Valley, PA; at West Goshen Shopping Center in West Chester, PA and at Garden State Pavillions in Cherry Hill, NJ. Lechter’s, a 700-store chain, will operate its traditional housewares stores in Huntingdon Valley and West Chester and use the Cherry Hill site for its first new superstore concept called Costs Less Home Store.

CB Richard Ellis (619-646-4718) has been awarded the leasing and merchandising contract for Murrieta Town Center in Riverside, CA by All Win Investment Corporation. The 450,000 sq.ft. project is anchored by HomeBase, Hughes Market, Toys ‘R Us, Rite Aid and Ross. The company has been awarded the asset and construction management contract for Vallectios Town Center in San Marcos, CA by Tone Yee Investments and Development. The 260,000 sq.ft. project is anchored by HomeBase and Edwards Cinemas. The scope of the work includes managing the expansion of the center to 300,000 sq.ft. including the merchandising of the expanded center and the repositioning of existing tenants. The company has been awarded the asset management, consulting, leasing, merchandising and marketing contract for Oxnard Factory Outlet Center in Oxnard, CA by Prime REIT and Frucon Development. The 150,000 sq.ft. project is anchored by The Gap, GHQ Outlet, Geoffrey Beane, Disney Warehouse, KB Toys, Casual Corner, Corning Revere, Nine West and Bugle Boy. The company has been awarded the asset and construction management, leasing, merchandising and marketing and disposition contract for Lancaster Factory Stores in Lancaster, CA by Merrill Lynch & Company. The 260,000 sq.ft. project is anchored by Reebok, Big Dog Sportswear, Simmons Beauty Rest, Corning Revere, Nine West and Bugle Boy. The company has been awarded the asset and construction management, leasing, merchandising and marketing and consulting contract for Aliso Creek Plaza in Laguna Beach, CA by PM Realty Advisors. The 100,000 sq.ft. project is anchored by Lucky Stores and Sav-On.

Equity Properties (610-645-7700) has been named the leasing agent for Gwynedd Center in Lower Gwynedd, PA and Neshaminy Square in Bensalem, PA. Gwynedd Center is a 12,000 sq.ft. strip center with a 2,100 sq.ft. space available. Neshaminy Square is a 70,000 sq.ft. project with expansion capability of 30,000 sq.ft. Currently, a 6,000 sq.ft. space is available for lease.

Greenberg Group (516-295-0406) has been named the exclusive leasing agent for Bay Terrace Shopping Center in Bayside NY. The 250,000 sq.ft. project has an 8,000 sq.ft. space available for lease and is anchored by Barnes & Noble, The Gap, Structure, Victoria’s Secret, Gap Kids and a Loews six-plex theater. Demographics include a three-mile population of 365,000 earning $67,000 as the average household income.

Charter Realty & Development Corp. (203-629-3939) has been retained by Weingarten Properties for the leasing and redevelopment of Richland Mall in Quakertown, PA. The 186,264 sq.ft. project is anchored by Bon-Ton, Redners Supermarket, CVS and Radio Shack. Charter Realty plans to de-mall a 48,000 sq.ft. portion of the property for one or two large box users. Additionally, an outparcel of up to 8,000 sq.ft. will be made available at the entrance.

Mid-America Real Estate Corp. (630-954-7300) is the exclusive tenant representative for Party City in the Chicago, IL market. With 16 Party City stores currently operating in the Chicago market, the company is planning to open an additional 10 to 12 locations to fill a void in the marketplace. As part of this expansion, the Mid-America recently leased a 12,000 sq.ft. space to Party City build-to-suit freestanding building in front of Home Depot near The Brickyard Mall in Chicago, IL and a 12,400 sq.ft. space to Party City at WindPoint Center in Batavia, IL.

Goldschmidt & Associates (914-723-1616) has been appointed the exclusive leasing agent for a new retail development at Central Avenue and Alta Vista Drive in Yonkers, NY. The site has been approved for a 43,120 sq.ft. retail center. The site can accommodate one or two anchors.

Grubb & Ellis (847-753-7512) has been selected by Dunkin’ Donuts, Baskin-Robbins and Togo’s as their exclusive Midwestern real estate acquisition services provider. The agreement calls for Grubb & Ellis to provide acquisition services for all multi-brand, new store operations in Chicago, IL and the Madison and Milwaukee, WI markets. The three brands, which are wholly owned subsidiaries of Allied Domecq PLC, tentatively plan to introduce approximately 200 new multi-brand stores over the next three years in the Chicago metropolitan area alone. The focus will be on developing locations featuring at least two of the three brands. Togo’s, a chain of sandwich shops with locations primarily on the West Coast, will make its Midwestern debut as part of this initiative.

Chick-fil-A (404-765-8000) plans to open a 3,800 sq.ft. freestanding restaurant in front of Northeast Plaza Shopping Center in Rock Hill, SC during June. It will be the company’s first unit in Rock Hill. The company is also building a freestanding restaurant in Mooresville, NC which is expected to open during June. It will be the company’s first unit in Mooresville. Last year, the company opened 79 restaurants and plans to open 91 this year. Currently, the company operates 840 locations.

Wolf Camera (404-633-9000) recently opened a store at The Shoppes Of Arch Creek Center in Miami, FL. The company now operates 14 South FL stores and plans to open three additional units in the market this month. The company currently operates 750 locations in 34 states nationwide.

Hastings Entertainment, Inc. (806-372-2300) plans to open a 24,794 sq.ft. store at Town & Country Shopping Center in Midwest City, OK. The store is the first of 20 planned openings this year. The company anticipates opening another 47 stores by the end of 2000. The company currently operates 130 multi-media stores in small to medium-sized markets in the Midwestern and Western regions.

Weis Markets (717-286-4571) plans to invest $173.6 million over the next 18 months for its expansion program, which includes the construction of 17 supermarkets and the expansion or remodel of 18 others. This figure represents a 36% increase over the company’s previous capital budget. In 1998, the company built four new stores, remodeled or expanded 13 others and acquired an independent supermarket. As a result, the company’s retail space increased five percent. The company recently opened a 53,088 sq.ft. store in Laurel, MD and is building stores in Pasadena, MD; Mount Olive, Hackettstown and Allentown, NJ. Currently, the company operates 158 stores in six states.

Trader Joe’s Company (617-433-0234) plans a major expansion of its stores in CA and the Western region. The company is seeking as many as 15 sites on the West Coast, most of which are being targeted in CA. Sites will also be sought in AZ, NV, OR and WA. The company is also aggressively expanding on the East Coast, where it currently operates 21 stores. The company is seeking spaces running 8,500 sq.ft. to 10,000 sq.ft. on prime thoroughfares near major retail shopping areas. The company currently operates 120 stores.

Avon (518-463-3378), which until recently had been a catalog retailer, has opened 40 Avon Beauty Centers in regional malls nationwide. The company is planning to open an additional 60 stores by the middle of this year. The company is targeting affluent areas which are under-represented by local representatives because it does not want to compete with its sales force. The company estimates that it is failing to reach 20 million women through its home sales.

Barbeques Galore Limited (949-597-2400) recently opened four stores in Antonio and Austin, TX and in Fredericksburg and Springfield, VA. The company is planning to open stores in Columbia and Towson, MD and in Charlotte, NC this year. Currently, the company operates 56 stores nationwide and 136 stores in Australia. www.barbequesgalore.com

Oshman’s Sporting Goods, Inc. (713-928-3171) recently opened a 60,000 sq.ft. SuperSports USA store at Great Lakes Crossing in Auburn Hills, MI. It was the company’s first new store opening in more than a year. The company is planning to open another SuperSports store at Jersey Gardens Mall in Newark, NJ during November.

The Grand Union Company (973-890-6000) recently announced a $115 million capital development program for its current fiscal year. Included in the plans are 53 separate projects, including the development of 10 new or replacement stores, three expansions, 14 major remodels 18 remodels to enhance existing locations and eight store conversions. The 10 new stores will add approximately 410,000 sq.ft. to the company’s existing store base. Two new formats will be added to the company’s range of store types, including four upscale Fresh Market formats in CT and on Long Island, NY and two super discount stores in NY. These stores are in addition to the company’s Hot Dot Foods limited assortment format introduced last year. The company’s new store prototype will range from 55,000 sq.ft. to 60,000 sq.ft. Currently, the company operates 220 supermarkets in CT, NH, NJ, NY, PA and VT.

Metromedia Restaurant Group (972-588-5000) recently sold its three company-owned Bennigan’s restaurants in OK to Den-Way Inc. which plans to open two additional restaurants in Tulsa, OK by 2002. The agreement also includes buying Metromedia’s two restaurants in the Minneapolis/St. Paul market. Den-Way plans to open an additional nine units in that market by 2009. In addition, Den-Way plans to open three Bennigan’s restaurants in the Oklahoma City, OK market as well.

Seed Restaurant Group, Inc. (606-268-1668) plans to open 35 franchised Fazoli’s Italian Restaurants this year and a goal of opening 320 franchised units in 60 markets within five years. To finance the expansion, the company has secured an $80 million line of credit. The company currently operates and franchises 326 restaurants in 28 states.

Restaurants Unlimited (206-634-0550), which operates 28 restaurants in 11 states, recently opened a Palomino Euro Bistro restaurant in Charlotte, NC. The company plans to open three additional Palomino Euro Bistro locations in Los Angeles, CA; Norfolk, VA and Washington, D.C. this year.

Avado Brands, Inc. (706-342-4552) recently opened a Hops Restaurant Bar & Brewery in Newington, CT. It is the chain’s 50th unit and first in CT. The company is planning to open 20 Hops restaurants this year, including its initial entry into IN, LA, MD, MO, OH and VA. The first Hops unit in MN opened earlier this year. Hops also wants to add locations in its existing markets in CO, FL, GA and SC. Since becoming a subsidiary of Avado Brands in 1997, Hops has grown from 18 restaurants to 50.

Albertson’s (208-385-6200) recently added a convenience store with gasoline sales to its supermarket in Eagle, ID. Called Albertson’s Express, the company plans to open more than 200 of these locations this year as part of a plan to grow its business in new ways.

Kohl’s Department Stores (414-703-7000) plans to develop a department store in Woodstock, GA beginning this Summer. The store is expected to open during Spring 2000 and will be the company’s initial entry into the metropolitan Atlanta, GA market.

Pizza Hut (817-545-3495) plans to open a 2,400 sq.ft. restaurant in Lawrence, KS during Summer. It will be the company’s sixth location in Lawrence.

Kroger Co. (513-762-4000) recently opened a 59,670 sq.ft. supermarket at Winchester Commons in Hacks Cross, TN and a 54,173 sq.ft. freestanding supermarket in Winchester, TN. Both stores feature child care facilities for parents to drop off their children while shopping.

Walgreens (847-940-2500) is planning to open a 14,000 sq.ft. drug store in Granite City, IL during December; a 13,905 sq.ft. store in Posen, IL during October and a 15,120 sq.ft. store in Joilet, IL during October.

Steak-Out Franchising, Inc. (770-493-6110) is developing 35 units in CO, KS and TX and has plans to develop 26 stores in the Southeastern region, including eight in the Atlanta, GA market. Other markets the company is considering for expansion include MN, NJ and NY. Currently, the company operates 79 units.

Wal*Mart Stores (501-273-4000) recently received approval to build a 150,000 sq.ft. store on the former site of Crest View School in Huntington Beach, CA. The store is expected to generate $400,000 in tax revenue for the city and an additional $400,000 in lease payments to the school district. Many residents of the area are still attempting to stop the store by gathering signatures to place the issue on a referendum. So far, 5,000 names have been collected and the group needs 15,000 by August for it to appear on the November ballot. The company is also looking to develop a 220,000 sq.ft. Supercenter on a portion of the nearly vacant Norgate Plaza in Indianapolis, IN. Several approvals from the city are still needed before construction can begin.

Stein Mart (904-346-1500) is reportedly interested in opening a store in the Eugene-Springfield, OR market this year. The company is planning to open 33 stores this year in new and existing markets and does not have any stores in OR.

Dunkin’ Donuts (617-961-4000) plans to open a 3,600 sq.ft. store with a drive-thru lane at the intersection of Washington and Stevens Creek roads in Augusta, GA. The chain operates more than 3,700 stores in 21 countries.

Target (612-304-6099) plans to open 35 stores in 18 states during October, including the company’s first stores in the Pittsburgh, PA market and the first SuperTarget in Orlando, FL. Stores will be opened in Gilbert and Goodyear, AZ; Irvine and Walnut Creek, CA; Fort Lauderdale and Orlando, FL; Indianapolis, IN; Buford and Newman, GA; Salisbury, MD; Hutchinson, MN; O’Fallon, MO; Bozeman, MT; Carson City, NV; Concord and Nashua, NH; Bridgewater, NJ; Greece and Penfield, NY; Greensboro and Jacksonville, NC; Elyria, OH; Greensburg, McCandles, Monroeville, North Fayette, Washington, Warrington, Montgomeryville and York, PA; Richmond and Winchester, VA and Grafton and Hudson, WI. The openings are part of the company’s goal to open as many as 70 stores this year.

Woody’s Bar-B-Q (904-724-1976), which operates and franchises 25 restaurants in South FL, plans to expand the company by added as many as 60 franchises in FL and GA in the coming three to five years. The franchise fee is $25,000 and prospective owners can expect to invest between $500,000 and $1 million in each restaurant.

Sears (847-286-2500) plans to open a 6,000 sq.ft. Dealer Store in Patterson, CA. The store will be open seven days a week and will sell refrigerators, washers, dryers, home electronics, hardware and gardening tools.

IKEA (610-878-2220) is reportedly looking to open one or two stores in the Detroit, MI market. The company has a strong interest in being near Great Lakes Crossing Mall in Auburn Hills. The company needs approximately 20 acres to open a 200,000 sq.ft. to 380,000 sq.ft. store. Projected opening dates of 2001 and 2002 have been discussed.

Madison Realty Group, Inc. (412-281-1880) leased 7,455 sq.ft. to Dollar General and 1,050 sq.ft. to Nails City at Wilson Square Shopping Center in Jacksonville, FL; 4,500 sq.ft. to Massive Video at Great Woods Shopping Center in Norton, MA; 5,640 sq.ft. to Discount Video and 2,400 sq.ft. to Looking Good at Desoto Junction Shopping Center in Bradenton, FL; 29,000 sq.ft. to Big Lots and 10,950 sq.ft. to Super Pets at Athens West Shopping Center in Athens, GA; 22,468 sq.ft. to Hastings Entertainment Superstore and 1,814 sq.ft. to Bobby Allison Winner Circle-NASCAR Store at Richmond Mall in Richmond, KY.

Klaff Realty, LP (312-360-1234) leased 100,749 sq.ft. to Burlington Coat Factory at Market Place at Altamonte in Altamonte Springs, FL.

Mid-America Real Estate Corp. (630-954-7300) leased space to Grant’s Appliance in Merrillville, IL; Discovery Clothing in Norridge, IL; Unique Thrift in Joilet, IL; KDA in Burbank, IL; P.M. Bedrooms in Hoffman Estates and Lombard, IL and Peppers Waterbeds in Downers Grove, IL at former New York Carpet World stores. The company leased 2,250 sq.ft. to Vertical Blind Factory at New York Carpet World Plaza in Orland Park, IL and 1,750 sq.ft. to Origins on Halsted Street in Chicago, IL. The company leased 17,400 sq.ft. of space to Coconuts Record & Tapes, Panera Bread, Hollywood Video and Radio Shack at former Amlings space at Ron Center in Niles, IL. Approximately 4,400 sq.ft. remains available. The company has also leased 15,800 sq.ft. to Hollywood Video, Radio Shack, The Bedding Experts, Ace Hardware and Sprint at a new 19,158 sq.ft. strip center in Chicago, IL. Approximately 3,200 sq.ft. remains available for lease.

CB Richard Ellis (847-948-5510) leased 12,400 sq.ft. to Travel & Transport at Plaza Square at Fox Valley in Aurora, IL; 8,200 sq.ft. to Osco Drug in Waukegan, IL; 4,428 sq.ft. to Karnes Music at Woodfield Commons in Schaumburg, IL and 1,000 sq.ft. to Check Into Cash at 86th Street Plaza in Chicago, IL.

Tulsa Properties, Inc. (918-665-3830) leased 1,823 sq.ft. to Papa John’s Pizza at Union Square in Tulsa, OK; 36,000 sq.ft. to Stein Mart in Tulsa, OK and 2,800 sq.ft. to Music-Go-Round at East Pointe Shopping Center in Tulsa, OK.

Developer Diversified Realty Corporation (216-755-5500) leased 2,790 sq.ft. to Payless Shoe Source and 3,008 sq.ft. to Pearle Vision at Eastchase Market in Fort Worth, TX and 35,000 sq.ft. to Mustard Seed Market & Cafe at Uptown Solon in Solon, OH.

Hirshland & Company (610-964-3600) leased 17 acres to Home Depot in Pottstown, PA; 1,500 sq.ft. to Sylvan Learning Center in Villanova, PA; 2,200 sq.ft. to Sylvan Learning Center in Phoenixville, PA; 4,325 sq.ft. to Sylvan Learning Center in Springfield, PA; 3,000 sq.ft. to Sylvan Learning Center in Wilmington, DE; 2,400 sq.ft. to Sylvan Learning Center in Newark, DE; 4,975 sq.ft. to Sylvan Learning Center in Deptford, NJ; 3,000 sq.ft. to Dunkin Donuts in Philadelphia, PA; 32,500 sq.ft. to Frank’s Nursery & Crafts in Philadelphia, PA; 3,200 sq.ft. to 7-11 in Willow Grove, PA; 8,500 sq.ft. to The Big Party! in Doylestown, PA; 9,000 sq.ft. to The Big Party! in Wilmington, DE; 50,000 sq.ft. to Dick’s Sporting Goods in Wilmington, DE; 50,000 sq.ft. to Dick’s Sporting Goods in Christiana, DE; 60,000 sq.ft. to Dick’s Sporting Goods in Moorestown, NJ; 45,000 sq.ft. to Dick’s Sporting Goods in Burlington, NJ; 50,000 sq.ft. to Dick’s Sporting Goods in Deptford, NJ; 47,500 sq.ft. to Dick’s Sporting Goods in Princeton, NJ; 60,000 sq.ft. to Dick’s Sporting Goods in Oxford Valley, PA; 45,000 sq.ft. to Dick’s Sporting Goods in Philadelphia, PA; 45,000 sq.ft. to Dick’s Sporting Goods in Willow Grove, PA and 45,000 sq.ft. to Dick’s Sporting Goods in Plymouth Meeting, PA.

Plaza Properties LLC (508-754-3255) leased 5,000 sq.ft. to Applebee’s at Washington Square Plaza in Hudson, MA and 27,000 sq.ft. to Odd Lot at South Plaza in Milford, MA.

Charter Realty & Development (203-629-3939) leased 100,000 sq.ft. to Regal Cinemas in Battery Park City, NY.

The Levey Companies, Inc. (973-425-0500) leased 70,000 sq.ft. to Aisle 3 in Totowa, NJ.

Reisenfeld & Company (216-765-8080) leased 90,000 sq.ft. to Giant Eagle and 45,000 sq.ft. to Dick’s Sporting Goods at Midway Market Square in Elyria, OH.

Zale Corp. (214-580-4000) plans to acquire Canada’s largest jewelry retailer, People Jewellers Corp. for $75.2 million in cash. This will be the second go-round for the two companies. The last time the two companies were linked was in 1986 when Peoples acquired Zale and saddled it with debt that eventually forced it into Chapter 11. People’s former management team added to Zale’s debt when it took on additional high-yield bonds to acquire Gordon’s Jewelers. Zale was forced into Chapter 11 in January 1992 by its bondholders and emerged in June 1993. Peoples has also weathered a Chapter 11 reorganization. Zale chairman and CEO Robert DiNicola said that it makes sense for the two retailers to be together, but Zale should have acquired the much smaller Peoples in the first place. He added, "we’ve formed the largest jewelry retailer in North America, but this is the way it should have been, and we’re buying it with cash, no debt." Peoples operates 175 stores throughout Canada and Zale operates 1,140 stores trading as Zale’s Jewelers, Zale’s Outlet, Gordon’s Jewelers and Bailey Banks & Biddle Fine Jewelers.

Harris Teeter Inc. (704-845-3100) and Kroger (513-762-4000) plans to swap stores in the NC and VA markets. Harris Teeter will be acquiring 10 Kroger stores in High Point, Kernersville, Greensboro and Winston-Salem, NC and Kroger will get 11 Harris Teeter stores in western VA. The swap is expected to be completed this month and conversions are expected to be completed within two to three months.

Safeway Inc. (925-467-3000) recently completed its acquisition of Carr-Gottstein Foods Co. after the Alaska court approved the deal. Under terms of the Consent Decree, Safeway is required, among other things to sell seven AK stores of the combined company to an approved buyer or buyers after Safeway completes the acquisition. Carr-Gottstein was AK’s largest food and drug store chain with 49 stores in Anchorage, Fairbanks, Juneau, Ketchikan, Kenai Peninsula and other communities. Safeway operates 1,497 stores throughout North America.

Applebee’s International (913-967-4000) recently completed its previously announces sale of its Rio Bravo Cantina concept, which comprises 65 restaurants, to Chevys Inc. for $59 million. Under terms of the agreements, Chevys will become the franchisor of the Rio Bravo Cantina system and will continue to operate the company-owned restaurants. Chevys has agreed to provide a number of future operating alternatives for existing franchisees, including continued operation of franchise restaurants as Rio Bravo Cantinas or conversion to Chevys Fresh Mex and Rio Bravo Fresh Mex restaurants. The acquisition brings Chevy’s restaurant count to 160 units.

Sam Ash Music, Inc. (516-392-6400) plans to acquire Thoroughbred Music, Inc., a chain of five musical instrument stores based in Clearwater, FL for an undisclosed price. Following the acquisition, Sam Ash will be operating 29 stores.

Edison Brothers Stores, Inc. (314-331-6000), which is in the process of a bankruptcy liquidation, plans to sell its 175-unit Repp Big & Tall chain and catalog business to J. Baker Inc., which operates 454 Casual Mall Big & Tall stores. J. Baker will pay $33 million in cash for the assets of Repp. J. Baker does not plan to convert the stores to the Casual Mall name.

Mattress Giant Corporation (972-418-1980) recently acquired Nationwide Discount Sleep Centers, which operates 48 stores under various tradenames in the DE, NJ and PA markets. Mattress Giant plans to convert all of the acquired locations to the Nationwide Mattress Giant name in the coming several months. Last year, Nationwide had $40 million in sales. The acquisition will give Mattress Giant a total of 175 stores, making it the largest privately held bedding retailer in the nation.

Boston Chicken Inc. (303-384-5172) is exploring the possibility of placing its chain up for sale. The company was force to file for Chapter 11 protection after it failed to make payments on the nearly $900 million in debt it has from loans to franchisees.

Michaels Stores (972-409-1300) plans to acquire 16 former MJDesigns stores in MD and VA. MJDesigns is currently operating under Chapter 11 protection and has been closing many of its 46 stores. Michaels plans to convert the stores to its name and format and reopen them during Summer.

The Bon-Ton Stores, Inc. (717-757-7660) recently acquired, through bankruptcy auction, the leasehold interest in three former Steinbach Stores in Brick Township and Red Bank, NJ and Hamden, CT. Upon completion of renovations to convert the stores to its format, Bon-Ton anticipates reopening the locations during Fall. The three new units will bring Bon-Ton’s store count to 68 units.

The Limited, Inc. (614-479-7000) recently closed its The Limited store at Vintage Faire Mall in Modesto, CA. The store was underperforming, averaging approximately $86 psf, compared to the mall average of $320 psf.

Factory Card Outlet Corp. (630-238-0010), which recently filed for Chapter 11 protection, plans to close 27 stores, including the exit from the TX market where it will close all nine of its stores. Other stores being closed include four in VA; two each in FL, KS and TN and one each in MD, IN, OH and SC. After closing the stores, the company will be operating 183 company-owned stores in 21 states.

JC Penney (972-431-1000) plans to close its department store at Plaza Pasadena Shopping Center in Pasadena, CA during September. The company has operated the store at the mall since 1980.

Workbench Furniture (201-435-7800) plans to close its store in Omaha, NE, its only store west of the Mississippi River, this Spring. The company declined to renew the franchise and close the 20-year-old store. After this closing, the company will be operating 33 company-owned stores located as far west as Chicago, IL; Madison and Milwaukee, WI, and will have one remaining franchise holder with three stores in the Raleigh, NC market.

Community Cash (803-576-0260) recently closed its grocery stores in Gaffney and Inman, SC. The stores have been unprofitable and the company decided to close the units so it can concentrate on its more profitable stores.

Lechters Inc. (973-481-1100) has announced plans to close as many as 70 of its 578 housewares stores. The company’s stores have been suffering from declining mall traffic, but its city and strip mall stores have consistently performed well. While not announcing specific store closings, the company did say that it would probably exit markets where it has few stores and shift stores out of malls and into strip centers.

Service Merchandise Co. (615-660-6000) plans to close its store at Singing River Mall in Gulfport, MS this month. The closing is part of the previously announced 134 stores to be closed as part of its Chapter 11 restructuring.

Grubb & Ellis Company represented the seller of Carson Courtyard in Carson, CA. The 49,010 sq.ft. project is anchored by 32nd Street Market. The buyer was Properties LLC who plans to develop an additional 30,000 sq.ft. of space. The sales price was $3.35 million.
For more information, contact Tom Lagos or Armando Aguirre at (714-937-0881).

Greenwood LSH has the listing to sell an Eckerd Drug Store in Dallas, TX. The tenant has a 20-year lease and the annual absolute net income is $345,886. The asking price is $4.3 million. The company has the listing to sell a Rite Aid Drug Store in Las Vegas, NV. The tenant has a 20-year lease and the annual income is $276,710. The asking price is $3.5 million. The company also has the listing to sell an AutoZone store in Los Angeles, CA. The tenant has a 10-year lease with CPI increases every five years. The annual rent is $82,656. The asking price is $825,000. The company recently sold a Rite Aid store in MI for $1.4 million; a Rite Aid store in OH for $2.225 million; a Circuit City store in Los Angeles, CA for $8.5 million and a Wickes Furniture store in Los Angeles, CA for $3.95 million.
For more information, contact Terry Marks at (310-478-4332), Fax (478-0993), e-mail (info@terrymarks.com), home page (www.terrymarks.com).

Mid-America Real Estate Corporation represented the seller of Nives Rizza Court in North Riverside, IL. The 34,165 sq.ft. project is anchored by Kids ‘R Us and Loyola Medical Center. A private investor purchased the site.
For more information, contact John May at (630-954-7300).

The Macerich Company recently completed the acquisition of three regional shopping centers and one mixed-use project comprising 3.25 million sq.ft. for a total purchase price of $427 million. The portfolio was purchased by the Macerich Partnership L.P. in a joint venture with the Ontario Teachers’ Pension Board from the Winmar Co. unit of Safeco Corporation. Macerich will own a 51% interest and Ontario Teachers a 49% stake in the portfolio that includes: Washington Square, a 1.25 million sq.ft. project anchored by Meier & Frank, Nordstrom, JC Penney, Sears and Mervyn’s in Tigard, OR; Redmond Town Center, a 569,700 sq.ft. mixed-use project anchored by Borders, Eddie Bauer, Z Gallerie, Cineplex Odeon, Bed Bath & Beyond, REI and Microsoft in Redmond, WA; Kitsap Mall, an 850,000 sq.ft. project anchored by JC Penney, Sears, The Bon Marche, Mervyn’s and Lamont’s in Silverdale, WA and Cascade Mall, a 583,000 sq.ft. project anchored by Sears, The Bon Marche, Emporium, JC Penney and 14-screen Cineplex Odeon theater in Burlington, WA.
For more information, contact Ed Coppola at (972-385-9858).

Bob Hill Real Estate has the listing to sell a retail conversion site in Lufkin, TX. The 10.69 acre site is currently used for warehouse space.
For more information, contact Robert Hill at (409-632-8989), Fax (639-6677).

Coldwell Banker Commercial has an investor in the market to acquire strip centers and multi-tenant retail properties. Preferred projects must show a 10% cap, have good upside potential and be priced below $5 million.
For more information, contact Lauran Davidson at (541-484-2100).

Harrison Properties & Investments has the listing to sell a complex of four building on half a city block in the downtown financial district of Escondido, CA. Two buildings are one story and two buildings are two story. Gross building area of 22,867 sq.ft. with net leasable of 21,877 sq.ft. There are 25 leased spaces ranging in size from 600 sq.ft. to 2,482 sq.ft. and presently, the site is 100% occupied. The asking price is $1.8 million.
For more information, contact Dan Harrison at (760-743-1100).

Research Properties, Inc. represents a principal in the market to acquire neighborhood or strip centers. All cash or assumable debt deals are possible.
For more information, contact Research Properties, Inc. at (502-968-0101), Fax (968-0102).

Reitmeyer Investments, Ltd. is in the market to acquire properties with ongoing master planned developments/communities zoned with utilities ready to go nationwide. Preferred projects should have a primary owner/developer with an on-going master planned development with parcels set aside for specific or proposed usage and for outside developers to assist in building out the overall community.
For more information, contact Norman Reitmeyer at (830-336-2149), Fax (336-3723).

Praedium Advisors, Inc. has the listing to sell Dobson Park Plaza in Chandler, AZ. The project is being sold in two phases. Phase I is a neighborhood grocery anchored project of 67,241 sq.ft. The current plan allows for an additional 15,000 sq.ft. to be built that can be shifted to phase II subject to a lot line adjustment. The asking price is $5 million. Phase II is 7.32 acres of vacant land with fully developed infrastructure. The city of Chandler has approved the site plan for an additional 61,300 sq.ft. of retail space. The asking price is $2.075 million.
For more information, contact Victor Allison at (602-840-2000), Fax (840-5852).

Remic Properties is in the market to acquire retail properties in New England. Preferred projects should be at least 75% occupied and be priced between $2 million and $8 million based on a 10% cap rate.
For more information, contact Gary Belowich at (617-527-7750), Fax (964-1174).

CB Richard Ellis brokered the sale of MountainView MarketPlace in Phoenix, AZ. The 123,184 sq.ft. project, which is anchored by Safeway and Walgreens, was acquired by CNA Enterprises, Inc. from Pacific West Development for $11.074 million.
For more information, contact Bob Young, Glenn Smigiel, Don Worthington or David Newquist at (602-222-4345), Fax (222-4330).

Sea Trail Corp. plans to develop a town center in Sunset Beach, NC in three phases over a 10 to 15 year period. The project will be developed on an 83 acre parcel of land located the intersection of NC 179 and NC 904. The first phase of the development will include a new Food Lion grocery store and 15 retail shops. This part of the development is under construction and is expected to open during Summer. Phase II of the project calls for 125 assisted-living units, a hotel with 125 rooms and an additional 155,000 sq.ft. of retail space, offices and apartments. Parts of phase II is expected to break ground within two years. Phase III calls for the development of 160 multi-family homes, 125 units for retirement living, a 75-room inn and 230,000 sq.ft. of mixed-use retail, office and apartment space. A 200,000 sq.ft. park will be located at the center of the master planned community. The value of the entire development, not including the land, is estimated at $95.3 million.
For more information, contact Dean Walters at (910-287-1100).

Developers Diversified Realty Corp. and Petrie Dierman Kughn recently broke ground on The Centre at Hagerstown in Hagerstown, MD. The 700,000 sq.ft. power center, which is located at the intersection of I-81 and U.S. Route 40, will be anchored by The Home Depot, a Wal*Mart SuperCenter, Borders Books, Dick’s Clothing and Sporting Goods, Marshalls, OfficeMax, Circuit City, PetsMart, A.C. Moore, Pier 1 and 30 other stores. The $75 million project, which is expected to contribute more than $1 million in tax revenues for the city, is expected to open during Spring 2000.
For more information, contact Developers Diversified at (440-755-5500).

Fritz Duda Company recently broke ground on the Promontory at Preston in Preston, TX. The mixed-use project will be anchored by an 86,000 sq.ft. Kohl’s Department Store that is expected to open during October. Future phases of development at Promontory will include an additional 90,000 sq.ft. of retail space, including a second anchor tenant that is expected to open during 2000. Other elements of the 33 acre project will include the development of office space and a hotel.
For more information, contact Fritz Duda Company at (972-934-2244).

JDH and Associates plans to develop a 70,000 sq.ft. shopping center in Poquoson, VA. The project will be anchored by a grocery store, a drug store, a bank and four or five smaller shops. There has been no official announcement as to tenants, but documents filed with the city indicate that the tenants will be Food Lion and Eckerd Drug.
For more information, contact JDH and Associates at (704-333-7997).

Zelman Dadeland, L.P., an entity of Zelman Retail Partners, Inc. recently closed on the Sun Chevrolet property located across from Dadeland Mall. This represents the balance of the land they have assembled on Kendall Drive for its new Shoppes at Dadeland, a 104,500 sq.ft. specialty center to be built on 7.5 acres, for which Zelman paid a total of $17.85 million. In December, Zelman acquired 2.1 acres from First Union National Bank for $5 million and has now closed on the adjoining 5.4 acre Sun Chevrolet property for $12.85 million. The seller was Kahn Realty. The Shoppes at Dadeland will include the first Container Store in FL, occupying 25,000 sq.ft.; a two-story Linens ‘N Things store, occupying 45,000 sq.ft.; an Old Navy Clothing Co., occupying 18,000 sq.ft. and a Just For Feet store, occupying 16,500 sq.ft. The project is expected to open during November.
For more information, contact Lawrence Suchman of Suchman Retail Group, Inc., the acquisition and leasing agent of the project, at (305-667-6461), Fax (667-7186).

The Lerner Co. plans to break ground during Summer on Meadowlark Crossing in Grand Island, NE. The 400,000 sq.ft. project will be anchored by a 57,000 sq.ft. Albertson’s Food & Drug store and include space for 8,500 sq.ft. of retail space that is expected to open during 2000. The project will have 29 parcels available for retail, service and office uses that will be developed in future phases.
For more information, contact The Lerner Co. at (402-330-5480).

Vineland Construction Company (609-691-7000) announces that Gloria Mercado has been appointed director of retail property. In her new role, Mercado will oversee the portfolio of retail properties that Vineland Construction has developed, including its most recent project, Garden State Pavilions, a 400,000 sq.ft. shopping center in Cherry Hill, NJ; Larkings Corner, a 217,000 sq.ft. shopping center in Upper Chichester, PA; Hammonton Square, a 155,000 sq.ft. project in Hammonton, NJ and Landis Avenue Center, a 38,000 sq.ft. CVS-anchored center in Vineland, NJ. In her previous position, Mercado was a leasing representative for Kranzco Realty and prior to that she was leasing director for Brahin Properties.

Just For Feet, Inc. (205-408-3000) announces that Helen Rockey has joined the company as president and chief operating officer. Rockey will assume the duties of president formerly held by Harold Ruttenberg who will continue his role as chairman and CEO. Prior to joining Just For Feet, Rockey was president and CEO of Brooks Sports, Inc.

Divaris Real Estate, Inc. (757-497-2113) announces the appointment of Donald Orlando to the position of Principal of DRE’s Richmond office. In his new position, Orlando will manage all aspects of the Richmond office, which develops, manages, brokers and leases commercial real estate in the metropolitan Richmond, central and western VA.

Cohen & Company Real Estate, Inc. (212-679-1222) announces that Hank Dutch has joined the company as a managing director of the company’s commercial investment sales brokerage division.

Eateries, Inc. (405-755-3607) announces that two former Applebee’s International executives have joined the company. Laurence Bader was named vice president of franchise development with the responsibility for developing the franchise department, both domestically and internationally for the company’s Garfield’s Restaurants and Garcia’s Mexican Restaurants. He will also consult directly with franchisees on real estate and construction and manage the franchise relations team.

Best Buy Co. Inc. (612-995-7049) announces that John Walden has been named president of the company’s E-commerce division. In this newly created position, Walden will be responsible for the continued development of the company’s online initiative.

DDR OliverMcMillan (619-457-0911) announces that Jeannie O’Hara DeFazio has been named vice president of the company. In her new position, DeFazio will be responsible for the leasing direction on new and existing projects. Prior to joining the company, she was the real estate manager for the Western region of Payless ShoeSource where she was responsible for new store development, strategic marketing planning and asset management in 17 Western states from AK and HI to WI. The company announces the appointment of Gerald Solomon as chief operating officer, general counsel and secretary of the board of directors. Since 1991, Solomon served as primary outside legal counsel for the company. The company also announces the promotion of Charles Davis, Jr. to the position of vice president.

Sterling Jewelers, Inc. (330-668-5000) announces the Bruce Kenny has been promoted to senior vice president of operations administration, real estate and store planning. Kenny has been with Sterling for 25 years and was previously senior vice president of operations administration. The company announces the promotion of David Clunk to vice president of real estate. Clunk has been with the company since 1996, most recently as director of real estate. Prior to joining Sterling he was real estate manager for Camelot Music. The company announces that Mike Glaser has been named director of Jared Construction. The company announces that Randy Grigson has been promoted to director of store planning. The company announces that Kyle Robson has been appointed to the position of director of Jared real estate. He comes to Sterling from McDonald’s Corporation where he was a real estate representative. The company announces that Vincent Marchetta has joined the company as senior leasing representative for the company Jared and mall divisions. He was most recently real estate manager for Ulta 3 Cosmetics and Salon. The company announces the promotion of Tania Sauro to leasing representative for its mall division. The company also announces that Dennis Bartelme has joined the company as a leasing representative for the mall division. He comes to Sterling from Forest City Enterprises where he was regional director of real estate.

Heilig-Meyers Company (804-784-7300) announces Don Shaffer has joined the company as president and chief operating officer. From 1994 to 1996, Shaffer served as president and CEO of Sears Canada. In his most recent position as chairman and CEO of Western Auto Supply Company, Shaffer successfully orchestrated a major turnaround of the business.

The Abbey Company (714-740-8800) announces the appointment of four veteran commercial real estate executives to regional manger positions. Each will handle leasing, marketing and management of the company’s commercial, retail and industrial properties in their respective regions. The appointments include: Eric Schoof, who now manages the company’s Inland Empire region, consisting of 10 properties in Riverside and San Bernardino counties, was a senior manager at Abbey before being named to his new post. Holly Smith-Forsythe, who now oversees eight properties in the firm’s Orange and Los Angeles region, was previously a senior manager for Abbey. She will continue to serve as leasing manager for the company’s Long Beach, Anaheim and Glendora properties. Rick Smith, whose Central CA region consists of eight properties in Los Angeles, Ventura and San Luis Obispo counties, served as a property manager for Abbey before being named to his current position. Nancy Eagle joins Abbey as regional manager for the San Diego County region, overseeing three properties.

Suchman Retail Group, Inc. (305-667-6461) announces that Artie Kwiat has joined the company as an associate. Kwiat will be concentrating his efforts on tenant representation and the sale, acquisition and development of retail properties in Broward and Palm Beach Counties in FL.

Trammell Crow Realty Services (561-394-3388) announces the promotions of Bill Chalmers and Sighla Finazzo, both to the position of vice president, retail properties division. Chalmers and Finazzo were retail marketing directors. The company also announces the promotions of Jeffrey Bowie, Peter Filomena and Andy Petry to the position of vice president.

Alameda- South Shore Center is anchored by Mervyn’s, Lucky Supermarket, Ross, Safeway and JC Penney. The 560,000 sq.ft. project has 10,000 sq.ft. available for lease. Demographics include a three-mile population of 139,280 earning $54,997 as the average income.
For details, contact Michael Dosen, Harsch Investment Corp. at (510-521-8100), Fax (521-3498).

Moreno Valley- Moreno Valley Plaza is anchored by Vons, House of Fabrics and Pic N Save. The 341,023 sq.ft. project has in-line spaces from 700 sq.ft. to 25,000 sq.ft. and freestanding spaces from 1,320 sq.ft. to 6,300 sq.ft. available for lease. In Palm Springs- Palm Springs Mall is anchored by Vons, Gottschalks, OfficeMax, Miller’s Outpost and Rite Aid. The 219,927 sq.ft. project has spaces from 845 sq.ft. to 58,000 sq.ft. available for lease. In Pomona- Phillips Village Center is anchored by Lucky Stores. The 110,826 sq.ft. project has spaces from 1,000 sq.ft. to 18,000 sq.ft. available for lease.
For details, contact Dana Kehs of Lamar Companies at (888-212-2222).

Aurora- Bridges at Smoky Hill is anchored by Rite Aid. The 20,000 sq.ft. project has spaces from 1,200 sq.ft. to 12,000 sq.ft. available for lease. Demographics include a three-mile population of 37,242 earning $69,123 as the average income. Retailers in the area include King Soopers. In Dillon- Dillion Ridge Marketplace is anchored by City Market, Gart Sports and Trans Lux Theaters. The 247,000 sq.ft. project has spaces of 1,185 sq.ft., 2,103 sq.ft., 4,128 sq.ft., 18,000 sq.ft. and three pad sites available for lease. Demographics include a seven-mile population of 13,722 earning $53,779 as the average income. In Elizabeth- Gold Creek Shopping Center is anchored by Safeway. The 25,836 sq.ft. project has spaces from 1,200 sq.ft. to 8,000 sq.ft. available for lease. Demographics include a 10-mile population of 24,923 earning $61,917 as the average income. In Englewood- Englewood Town Center is anchored by Wal*Mart and a 20-screen movie theater. The 350,000 sq.ft. project has spaces from 1,200 sq.ft. to 50,000 sq.ft. available for lease. Demographics include a three-mile population of 117,565 earning $44,500 as the average income. Retailers in the area include King Soopers, Phar-Mor and Office Depot. In Longmont- Westview Plaza is anchored by Albertson’s. The 125,000 sq.ft. project has space available for lease. Demographics include a three-mile population of 62,994 earning $51,169 as the average income.
For details, contact Gregory Moran of Miller Weingarten at (303-799-6026), Fax (414-0673).

Miramar- County Line Plaza is anchored by Winn-Dixie Marketplace. The project has 18,000 sq.ft. and two pad sites available for lease. Demographics include a three-mile population of 120,000 earning in excess of $50,000 as the average household income.
For details, contact Ed Rordam of Morbitzer Group, Inc. at (407-539-1000), Fax (539-0328), e-mail (ed@morbitzer.com).

Jacksonville- Lincoln Square Center is anchored by JC Penney, Stage Stores and Walgreens. The 210,000 sq.ft. project has spaces of 1,000 sq.ft., 1,600 sq.ft., 5,500 sq.ft. and 10,500 sq.ft. available for lease. Demographics include a five-mile population of 26,500 earning $42,500 as the average income. Retailers in the area include Kmart, ShopKo, Super Valu and Wal*Mart.
For details, contact Lyle Shelor of AAMS Corp. at (800-544-8585), Fax (847-674-8157).

Corbin- Trademart Shopping Center is anchored by Belks, Kroger, Rite Aid, Big Lots, Carmike Cinema and JC Penney. The 310,000 sq.ft. project has spaces from 1,200 sq.ft. to 8,450 sq.ft. available for lease.
For details, contact Matt Wilson of Chase Properties at (216-464-6626), Fax (464-6346).

Tyngsboro- T.J. Maxx Plaza is anchored by T.J. Maxx, Trader Joe’s and General Cinema. The 175,000 sq.ft. project has spaces of 2,000 sq.ft. (2) and 6,000 sq.ft. available for lease. Demographics include a three-mile population of 31,000 earning $73,000 as the average income. The site is located near Pheasant Lane Mall.
For details, contact Jeffrey Arsenault of Summit Realty Partner at (781-862-9700), Fax (862-9070).

Saginaw- Saginaw Square is anchored by Target, Staples, Media Play, Circuit City and Jo-Ann Etc. The 330,000 sq.ft. project has spaces of 1,700 sq.ft. and 2,720 sq.ft. available for lease.
For details, contact Matt Wilson of Chase Properties at (216-464-6626), Fax (464-6346).

Turnersville- Echo Plaza has a 29,785 sq.ft. former supermarket space, a 7,200 sq.ft. former Thrift Drug store space, a 64,000 sq.ft. development site and a 3,500 sq.ft. space available for lease.
For details, contact Robert Shasha of The Cotswold Group at (914-654-0035), Fax (654-0188).

Dunmore- O’Neill Plaza is anchored by Big Lots, Eynon Furniture Co. and Telespectrum Telemarketing. The 102,000 sq.ft. project has a 10,000 sq.ft. space available for lease. Demographics include a three-mile population of 71,275 earning $34,426 as the average household income. Retailers in the area include Price Choppers, CVS, Radio Shack and Boston Market.
For details, contact Robert Huhem or Jan Zaccor of Majestic Property Affiliates, Inc. at (516-466-3100), Fax (466-3132).

Brunswick- Brunswick Marketplace Shopping Center is anchored by Finast Grocery Store. The 119,621 sq.ft. project has a 12,000 sq.ft. space available for lease. Demographics include a three-mile population of 38,247 earning $55,988 as the average income. In Medina- Medina Marketplace Shopping Center is anchored by Finast Grocery Store. The 74,578 sq.ft. project has a 15,300 sq.ft. space available for lease. Demographics include a three-mile population of 25,476 earning $61,727 as the average income.
For details, contact David Lima or Mariah Stone of Ahold Real Estate Company at (404-262-6100), Fax (262-6026).

Richmond- Midlothian Market Shopping Center is anchored by Phar-Mor, Factory Card Outlet and Jo Ann Fabrics. The 148,869 sq.ft. project has in-line spaces from 1,632 sq.ft. to 4,043 sq.ft. and anchor position of 25,200 sq.ft. available for lease.
For details, contact Frank Galleher of Sigma National, Inc. at (804-320-6100), Fax (320-6660).

Parkersburg- Lakeview Shopping Center is anchored by Value City Furniture, Old Country Buffet and CVS. The 112,000 sq.ft. project has spaces of 4,200 sq.ft. and 10,000 sq.ft. available for lease.
For details, contact Matt Wilson of Chase Properties at (216-464-6626), Fax (464-6346).

Laramie- Laramie Plaza is anchored by JC Penney, Blockbuster Video and Godfather’s Pizza. The 52,840 sq.ft. project has spaces of 1,400 sq.ft., 2,800 sq.ft. and 6,000 sq.ft. available for lease. Demographics include a five-mile population of 28,170 earning $22,141 as the average income. Retailers in the area include Wal*Mart.
For details, contact Robert Kahn of Noddle Development Company at (402-496-1616), Fax (496-6250).