Business has picked up substantially lately and we’re representing more developers and retailers now than we have in a long time. That’s the good news. The bad news is most of them are a**holes. They lie, steal and cheat and then when the "other" guy does the same thing to them they bitch and moan like they’re just a poor little bubeleh shanekus.

They both make commitments that neither side has any intention of keeping; promise to resolve problems quickly, which they don’t; and flat out lie--and that’s some of their better traits. The retailer seems to love to enter into a letter of intent, which has no legal basis so it’s not enforceable and costs substantial sums of legal time and money to complete, and 50% of the time when they do proceed with the "deal," everything has to be renegotiated all over again. The other 50% of the time they inform you the "committee" turned the deal down. Doesn’t anyone in the retailers’ company know what locations they really want? Or are we as an industry so bored we have nothing better to do than play mental masturbation? I’ve decided LOI’s are just a way a retailer stalls while they see what other deals are out there. It’s a total waste of a developer’s time.

Developers, on the other hand, love to waste everyone’s time negotiating for a rent that even in their wildest dreams they won’t get this decade and deciding a vanilla box means fours walls, a "john" and "standard store front," nothing else. You then spend a month fighting to add little things to the landlord’s leasehold obligations, like sprinklers, electric, ceiling tiles, etc. etc. and somehow the rent that started out at $25 psf, and couldn’t possible be lower because of "unique" site problems and high land costs are agreed to at $19.50. All this took two extra months of negotiation, but we all knew what the end results would be after the first meeting. What a waste of time.

Of course, retailers love to promise that final approval of the deal will be coming within a week. The "within a week," if it comes, usually takes two months. Oh well, as long as we know and accept we’re dealing with liars I guess it doesn’t matter. Oh, I have another complaint and this one includes brokers. Why do so many people in our industry "love" to negotiate on deals that can never be made? Several of our retail clients start negotiations on sites that they can never afford or get corporate approval on and developers spend time trying to convince retailers on sites or configurations that make no sense. In one meeting, a developer was trying to convince a 30,000 sq.ft. retailer to take 20,000 sq.ft. on two levels even though his center stunk. It isn’t going to happen, so why waste time. Brokers love to try and convince an owner to sell at a price that makes no sense. At one meeting I attended the broker was trying to convince the owner to sell a center even though the owner had no desire to sell, and to make matters worse, he spent an hour trying to convince him to take less than the center’s worth because that’s all his client could justify. Now I understand that persistence and determination is the mark of a great salesmen/leasing agent, but there appears to be a thin line between persistence and stupidity.

Now one group that gets a bum rap is lawyers. Now don’t get me wrong, they’re as bad as the retailers and developers they work for, it’s just that they are no worse. Everyone calls ‘em "deal killers," but they just reflect the attitude of their client. I had dinner with two lawyers a few weeks ago that I know personally and have also negotiated against. They are both knowledgeable and competent, but were real ball busters. During dinner I asked why they were so tough since in the end, the lease ended up "fair" to both sides (whatever that means). Both laughed. It wasn’t "them" that were hard nosed, it was their client’s marching orders and since that’s who pays ‘em, that’s the course of action they take. After dinner I thought about what they said and they’re right (everyone seems to enjoy hiding behind their attorneys). So if you want to get a deal done in your lifetime, do it the old-fashioned way where either the principal of the retailer and developer or their representatives sit down in the same room as their lawyers and hammer it out. Letting the lawyers do it by themselves is just adding a month or more to a deal.

Well, retailers had a great holiday season, doing better than even the optimists thought. Most retailers’ sales were up six to eight percent, and that’s with the Internet also doing well. The Internet did not destroy conventional retailing and only a fool would have ever thought it would. Right now e-commerce retailers have their own set of problems to deal with and it will probably be two years off ‘till they are a real threat and by then we should see the merger of offline and online into one line. Now that Christmas has been this good, we can feel comfortable that the next recession is at least another six months off (short of a major, major war or other worldwide disaster). If retailers were smart, they would use this time to start closing and subleasing marginal sites and developers would either be selling off their problem property or making great deals in these centers so the occupancy rate is "OK" in a recession.

On a different topic, I received numerous calls from ICSC members (mostly brokers and retailers, they tend to be the cheapest part of the retail real estate equation) complaining about the increase in ICSC dues from $500 to $800, which amounts to a 60% increase. Candidly, the increase, even though it’s high, didn’t upset me because, one, business is decent and we can afford the increase, and, two, in reality, it’s still only $300 and in my humble opinion, the membership directory by itself is worth $500 so I’m only paying $300 for membership. I did call the ICSC, however, to "find out why" and they informed me that it’s the first increase in membership dues in 12 years and the increase is only for the main members, all the others were not increased. So, while 60% is a big increase, over a 12-year period, it’s low. What the ICSC did wrong was wait so long. It would have been more acceptable to have smaller increases every three or four years, and while it is a very political animal, even Clinton can do politically incorrect things occasionally, so the ICSC is also entitled. It comes out the same financially if you increase a little every few years or a lot every twelve, but psychologically it’s more acceptable. Based on past conversations with ICSC personnel, John Riordan has always been opposed to increasing the cost of exhibiting or attending dealmaking shows (which are cheap) and I guess by increasing membership fees, the show costs can be kept down (I hope).

Peerless Tyre Co. operates 52 locations in CO, KS, NE, NM, SD, TX and WY. The automotive service centers, specializing in tires, wheels and shocks, occupy spaces of 3,000 sq.ft. to 5,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets. Leases running 10 years are typical.

For more information, contact Roger Schumacher, Peerless Tyre Co., 5000 Kingston Street, Denver, CO 80239; 303-371-4300, Fax 371-4749.

Runza Restaurants operates 61 locations in CO, IA, KS, NE and SD. The restaurants occupy spaces of 2,500 sq.ft. in freestanding facilities, regional malls and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in the existing markets. The company is franchising.

For more information, contact Dawn Amend, Runza Restaurants, 5931 South 58th Street, Suite D, Lincoln, NE 68516; 402-423-2394, Fax 423-5726.

The Kroger Company trades as Quick Shop at 179 locations in IA, KS and NE. The convenience stores occupy spaces of 3,500 sq.ft. in freestanding facilities. Plans call for as many as eight openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 15 to 20 years are typical.

For more information, contact David Cleeves, The Kroger Co., 734 East 4th Street, Hutchinson, KS 67504-1927; 316-669-8504, Fax 669-9781.

NPC International Inc. trades as Pizza Hut at 791 locations in 26 states. The pizza restaurants occupy spaces of 2,800 sq.ft. in freestanding facilities and strip centers. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 30,000 within three miles earning $40,000 as the average income. Leases running five years are typical.

For more information, contact Ron Yartz, NPC International Inc., 14400 College Boulevard, Suite 202, Lenexa, KS 66215; 913-327-5555, Fax 327-5850.

Vista Marketing Group Ltd. trades as Vista, U-Pump and Shell at 14 locations in IL, IN, MO and WI. The convenience stores, which also sell gasoline, occupy spaces of 1,300 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place within the existing markets as well as northern IL. The company prefers to purchase its locations.

For more information, contact Bill Williams, Jr., Vista Marketing Group Ltd., P.O. Box 6206, Rockford, IL 61125-1206; 815-964-3920, Fax 964-3933.

Town & Country Super Markets, Inc. trades as Town & Country, Country Mart and Warehouse Foods at 47 locations in AR, KY, MO and TN. The supermarkets occupy spaces of 15,000 sq.ft. to 25,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Wayne Gott, Town & Country Super Markets, Inc., P.O. Box 748, Salem, MO 65560; 573-729-5157, Fax 729-5821.

The Barclay Group recently broke ground on Pueblo West Marketplace in Pueblo West, CO. The 151,700 sq.ft. project will be anchored by a 55,000 sq.ft. Safeway and is the first shopping center anchored by a grocery chain in Pueblo West. Spaces for two 22,000 sq.ft. to 23,000 sq.ft. junior anchor stores will also be developed. The cost of development is estimated at $15 million. A Summer opening is planned. Development at the site was first planned in 1995, but City Market, a division of Kroger’s Dillon Stores, pulled out of the deal and the land was eventually sold to The Barclay Group in 1997. The only other effort to operate a supermarket in Pueblo West was a locally-owned Bulldog Market which closed in 1998.

For more information, contact The Barclay Group at (602-596-9399).

The Sofran Group plans to develop a 495,816 sq.ft. shopping center off Eisnehower Parkway in Macon, GA. The project will be anchored by Target and Kroger. Access to the center will be provided by a developer built and financed four-lane road from Log Cabin Drive to Brookhaven Road. The entire project is expected to cost the developer approximately $25 million. The project has been on the drawing board for more than a year, but the sticking point was access to the land, which has been zoned commercial for years. State DOT officials were not willing to grant direct access from Eisnehower Parkway because the state’s strategy is to reduce stop and go traffic on roads designated as "parkways." In addition to building its own access road, The Sofran Group will be responsible for any improvements needed at existing intersections near the site.

For more information, contact The Sofran Group at (770-351-9300).

Bayer Properties is planning to develop River Ridge Plaza in Birmingham, AL. The 352,000 sq.ft. project will be anchored by a 173,400 sq.ft. SuperTarget store. A secondary 161,000 sq.ft. strip center will also be developed and contain spaces for anchors using 66,000 sq.ft., 54,000 sq.ft., 24,000 sq.ft. and 17,000 sq.ft. of space. A smaller strip center of 18,000 sq.ft. will be developed facing the 161,000 sq.ft. portion and will be divided into two spaces of 13,000 sq.ft. and 5,000 sq.ft. Demographics include a trade area population of 118,017 earning $99,916 as the average household income.

For more information, contact Bayer Properties at (205-939-3111).

Foodee’s Franchising Inc. (603-435-6500), which operates nine Foodees--A World of Pizza restaurants in northern New England, is planning to open as many as 50 restaurants in the coming three to five years. Expansion is expected to take place in Manchester and Nashua, NH; the greater Boston area, the north shore and border communities in MA. Eventually, plans call for restaurants throughout New England with additional expansion planned from there. Founded in 1985, the Foodee’s franchise is based on a proprietary approach to pizza making, which involves the preparation and use of a variety of breads instead of the typical Italian or Greek style pizza crust. www.foodees.com

The Gap Inc. (415-952-4400) recently acquired a distribution facility in Ontario, Canada for its Old Navy stores’ expansion into the Toronto, ON market. The company plans to take possession of the building during Spring and spend the remainder of the year remodeling the building before opening any stores. When the first Old Navy stores do open, they will be the first for the company outside of the U.S. In other news, the company plans to open a 24,347 sq.ft. Old Navy store at Westfield Shops in Westfield, MA during April 2000.

Nordstrom (206-628-2111) plans to open a 35,000 sq.ft. Nordstrom Rack store at The Promenade Shopping Center in Scottsdale, AZ next month. The store will be the first Rack concept store in the state.

Starbucks’s (206-447-1575) is negotiating with Sleiman Enterprises Inc. to open Starbucks Coffee shops at several shopping centers in Jacksonville, FL. The stores, as many as five, would be company owned and operated.

Uno Restaurant Corporation (617-323-9200) recently opened three Pizzeria Uno...Chicago Bar & Grill restaurants in Providence, RI; Las Cruces, NM and San Juan, PR to complete its opening schedule for its first fiscal quarter of FY2000. During the remainder of its fiscal year, the company is planning to open as many as 30 restaurants. The openings will include both company-owned and franchised units. The company currently operates and franchises 163 restaurants in 30 states, Puerto Rico and South Korea.

Noodles & Company (303-444-1963) recently opened a store in Boulder, CO and is planning to open one store per month this year while expanding into the Chicago, IL, Minneapolis, MN and Madison and Milwaukee, WI markets.

Nevada Bob’s Golf Stores (403-217-2342) recently opened a 5,000 sq.ft. franchised store in Biloxi, MS and a 10,000 sq.ft. franchised store in Anaheim, CA. It is the company’s first two "super pro-shop" franchises built in the U.S. since the company announced plans for its aggressive store expansion program. Currently, the company operates 281 stores worldwide, with 195 locations in the U.S. and Canada.

Dayton Hudson (612-370-6948) recently announced that it plans to build a store at a proposed mall in Maple Grove, MN, if the mall is built. The earliest the store is expected to open is Fall 2003. The Rouse Company plans to develop the mall but has yet to file development plans or lease space to any other tenants.

Home Depot (770-433-8211) plans to expand its Northwestern presence to 165 stores in the coming three years. Currently, the company operates 60 stores in AK, CO, ID, MT, NV, OR, UT, WA and WY. Included in the expansion will be doubling its presence in WA to 36 stores, including as many as 16 in the Seattle, WA market. In other news, the company plans to develop a store on 11.277 acres of land at East Fort Worth Marketplace Shopping Center at Bridgewater Park in Fort Worth, TX.

Heilig-Meyers Company (804-784-7300) plans to re-merchandise and remodel four stores in the Las Vegas, NV market by March and 10 stores in the St. Louis, MO market by June. Based on results in these test markets, the company plans will address its remaining stores in the coming two to three years.

Eckerd Corporation (727-395-6000) plans to open two 11,000 sq.ft. freestanding drug stores in Gulfport, MS next month. One store will replace a unit at a Kmart-anchored shopping center.

Walgreens (847-940-2500) plans to open a 15,000 sq.ft. freestanding drug store at Westmont Village in Westmont, IL during March.

Lowe’s Cos. (336-658-4223) recently opened a 150,000 sq.ft. store in Bakersfield, CA and has plans to open stores in Fresno, Palmdale and Visalia this year.

Borders Books and Music (734-477-1100) plans to open a 26,451 sq.ft. store in Oak Park, IL during May.

Abercrombie & Fitch (614-479-7000) plans to open a 7,800 sq.ft. store at Valley River Center in Eugene, OR during May. It will be the company’s third store in OR. The company currently operates 220 units and is planning to open as many as 36 stores this year.

KinderCare Learning Centers Inc. (503-872-1657) plans to open a 10,964 sq.ft. KinderCare Learning Center at Giant Shopping Center in Upper Allen Township, PA during May; a 9,100 sq.ft. unit in Laguna Niguel, CA during May; a 10,924 sq.ft. unit in Woodbridge, VA during March; a 9,905 sq.ft. unit in Highland Ranch, CO during April and a 10,166 sq.ft. unit in Hoffman Estates, IL during March. The company currently operates more than 1,145 childcare centers in 39 states and the United Kingdom. www.kindercare.com

BAB Holdings, Inc. (773-380-6100) recently signed an agreement to open franchised tri-branded Big Apple Bagels locations in St. Paul, MN with Model Cities Community Development Corp., a company specializing in business development and job training in low to moderate income areas within St. Paul. The unit will contain the company’s three brands, Big Apple Bagels, My Favorite Muffin and Brewster’s Coffee. www.babholdings.com

The Great Atlantic & Pacific Tea Co. (201-573-9700) opened 55 stores during fiscal 1999 and is on target to achieve its goal of opening as many as 200 supermarkets during the 1999-2001 time frame.

Michaels Stores Inc. (972-409-1300) plans to open a 27,000 sq.ft. store at Ridgeway Shopping Center in Stamford, CT during the first quarter. The store is among the 70 to 75 locations that the company is planning to open this year. www.michaels.com

Target (612-304-6099) plans to open a 142,000 sq.ft. store in New Britain, CT this year.

Wal*Mart Stores (501-273-4000) is planning to open a store at a former Bradlees and Nobody Beats The Wiz location in Newington, CT during February 2001.

CB Richard Ellis (714-939-2217) leased 25,531 sq.ft. to Staples in Costa Mesa, CA and 40,000 sq.ft. to Sport Chalet at The Promenade in Temecula, CA.

Royal Properties (914-237-3403) leased 6,200 sq.ft. to Just-A-Buck at Lake Ridge Plaza in Valley Cottage, NY.

Levin Management Corp. (908-755-2401) leased 1,060 sq.ft. to The Linen Show, 2,640 sq.ft. to a Chinese restaurant, 1,851 sq.ft. to an Italian restaurant and 1,291 sq.ft. to an Italian deli at Bernard’s Village Center in Bernards Township, NJ; 3,000 sq.ft. to Gymboree at Lincoln Plaza in Oceanside, NY; 1,340 sq.ft. to Turnbury Lady and 756 sq.ft. to R&S Jewelry at Brooke Plaza in Oceanside, NY and 8,500 sq.ft. to American Furniture Discount, 5,240 sq.ft. to Ashley Stewart, 8,000 sq.ft. to Ocean Desert Sales and 5,080 sq.ft. to Murry’s Steaks at Capitol Plaza in Ewing Township, NJ.

New England Retail Properties, Inc. (860-529-9000) leased space to Aaron’s Furniture at Putnam Plaza in Hamden, CT.

The Cafaro Company (330-747-2661) leased 3,063 sq.ft. to Suncoast Pictures at Meadowbrook Mall in Bridgeport, WV; 3,332 sq.ft. to Suncoast Pictures at Ohio Valley Mall in St. Clairsville, OH; 4,804 sq.ft. to The Buckle at Huntington Mall in Barboursville, WV and 4,377 sq.ft. to The Buckle at Millcreek Mall in Erie, PA.

Investment Management Associates (305-661-0110) leased 3,100 sq.ft. to The Ugly Tuna Saloona at The Tropicaire Centre in Miami, FL and 8,620 sq.ft. to New China Buffet at Hallandale Place Shopping Center in Hallandale, FL.

Capital Realty Advisors, Inc. (561-624-5888) leased 1,000 sq.ft. to Cigarettes Cheaper at Plaza 50 in Carson City, NV and 12,000 sq.ft. to McCrory Stores at Shops at Palm Coast in West Palm Beach, FL.

Mid-America Real Estate Corp. (630-954-7300) leased 22,800 sq.ft. to Village Discount at a former True Value Hardware store in Elgin, IL and 20,000 sq.ft. to the U.S. Postal Service at Stratford Square Mall in Bloomingdale, IL.

ITC Real Estate Group has the listing to sell McKinley Crossroads-Phase 1 in Corona, CA. The 237,027 sq.ft. project is anchored by 24 Hour Fitness, Dunn Edwards and Sofa Center. The asking price is $14.5 million.

For more information, contact Gene Shook or Kathleen Howard at (949-450-0100).

Realty Executives has the listing to sell Mountain Parkway Plaza in Phoenix, AZ. The 19,000 sq.ft. project, which is expected to be completed during Spring, will be anchored by Walgreens, Kentucky Fried Chicken and Signature Salon. The center is part of a 10 acre mixed-use retail project located at the intersection of Chandler Boulevard and Mountain Parkway. The asking price is $3.5 million.

For more information, contact William Clarkson at (480-998-0676) or Tom Lynch at (480-961-5800).

Marcus & Millichap has the listing to sell Food Lion Shopping Center in Sophia, WV. The 48,755 sq.ft. project is anchored by Food Lion, Advance Auto Store and Dollar General. The asking price is $2.74 million.

For more information, contact Kevin Lynch at (773-693-0700).

Liberty Realty of Las Vegas represents a 1031 client in the market to acquire single tenant absolute NNN property in Las Vegas, NV. The client would like to acquire at least one Walgreens store and will consider markets outside of Las Vegas to do so. The client would like to close before March and has approximately $2 million to exchange and leverage.

For more information, contact Kent Johnson at (702-452-9039), Fax (452-4412), e-mail (kentbjohnson@lvcm.com).

The Grossman Companies, Inc. is in the market to acquire retail sites in need of a little TLC and located within a one and half hour drive of its Quincy, MA office. Preferred properties should have GLAs of at least 50,000 sq.ft.

For more information, contact Dana Wolfe or JP Fine at (617-472-2000), Fax (472-4134).

Morbitzer Group, Inc. has the listing to sell County Line Plaza in Miramar, FL. The 57,000 sq.ft. project is anchored by Winn-Dixie. A 22,000 sq.ft. expansion parcel contiguous with the existing retail space has been approved for up to 18,000 sq.ft. of retail space. Demographics include a three-mile population of 133,000 earning $52,000 as the average household income. The asking price for the shopping center is $4.2 million and the asking price of the expansion parcel is $450,000. The company has the listing to sell 7.44 acres of land fronting U.S. Highway 441 in Orlando, FL. The land has mixed zoning of commercial and industrial uses. The site has two curb cuts, a median cut and a clean phase one environmental. The daily traffic count is 43,000 vehicles. The asking price is $5.67 psf. The company also has the listing to sell Action Center in Longwood, FL. The 7,000 sq.ft. retail/office strip center fronts Highway 434 which has a daily traffic count of 35,000 vehicles.

For more information, contact Ed Rordam at (407-539-1000), e-mail (ed@mortbitzer.com).

International Real Estate represents an international buyer in the market to acquire portfolios of retail properties priced at least $75 million. The buyer is also looking to acquire portfolios of office buildings and apartments.

For more information, contact Jay Bailey at (303-751-6000), Fax (751-0006), e-mail (jaymbailey@aol.com).

Prestige Realty Inc. has the listing to sell 44 acres of land in Sheboygan, WI. The site includes a 28-acre parcel with the remainder divided into outlots. The land is located adjacent to a new Wendy’s, CarX, Harley Cruisers Restaurant, Shoney’s, McDonald’s and two hotels. The asking price is $5.65 million and financing is possible.

For more information, contact Aleta Meyer at (920-497-5005), Fax (497-4722), e-mail (prestige@execpc.com).

Lucas and Beach has the listing to sell land in Williamston, NC. The pre-development opportunity includes finished, oversized commercial lots with all utilities and located at the entrance to Senator Bob Martin Agricultural Center. The property is situated at the intersection of US 64 and NC 125. The developer desires in phase I: two motels, a breakfast restaurant, a fine dining steakhouse, fast food restaurants, convenience stores and a retail/office strip center. The asking price is $8 psf.

For more information, contact John Lucas at (919-773-2424), Fax (773-1191), e-mail (lucasbeach@lucasandbeach.com).

D. Kautfeil, as principal, is selling Westchester County Shopping Center in Westchester County, NY. The 44,000 sq.ft. project is anchored by Family Dollar Store and Save-A-Lot Supermarket. The center is 95% leased and the NOI is $265,000. Three leases can be turned over within the coming two to seven months increasing NOI an additional $30,000 to $40,000. The asking price is $2.5 million.

For more information, contact D. Kaufteil at (dk@hvp.com).

Single Tenant Realty Advisors has the listing to sell seven Winn-Dixie stores located in four major FL cities, as well as in Atlanta, GA; Louisville, KY and Baton Rouge, LA. The stores have 20-year NNN leases. Individual stores are available from $4 million to $10 million and financing is available.

For more information, contact Nick Pavonetti at (727-595-5688), Fax (810-816-5994), e-mail (nickpavo@msn.com).

Choate Properties, Inc. represents a client in the market for a $7 million transaction in NC, preferably in the Raleigh-Durham market. The client is interested in shopping centers, NNN retail, office buildings and apartments.

For more information, contact D. Ryan Clayton at (704-342-1030), Fax (344-1031), e-mail (ryanc@rexonline.com).

C.W. Page & Associates has the listing to sell a 61,000 sq.ft. shopping center anchored by Long’s Drug Store and a super market in Prather, CA. The asking price is $3.45 million.

For more information, contact Curtis Page at (559-298-7741) or Don Page at (559-855-6299).

Penn Mortgage Bank is in the market to acquire shopping centers in DE, MD, NJ and PA.

For more information, contact Itzhak Isaacson at (215-322-6644), Fax (355-3515).

Richman Realty Associates has the listing to sell a Staples store in New England. The tenant has a 15 year NN leased with three five-year options and a rental increase in the 10th year. The initial NOI is $390,000. The asking price is based on a 9% cap rate.

For more information, contact Richman Realty Associates at (561-852-7090), Fax (852-8346), e-mail (syrich@aol.com).

Welsh Companies LLC has the listing to sell a 15,120 sq.ft. Walgreens store in Show Low, AZ. The tenant has a 60-year NNN lease with options to terminate after 20 years. The asking price is $3.624 million. The company has the listing to sell a 15,120 sq.ft. Walgreens store in Olathe, KS. The tenant has a 60-year NNN lease with options to terminate after 20 years. The asking price is $3.472 million. The company has the listing to sell an 18,000 sq.ft. Walgreens store in El Paso, TX. The tenant has a 60-year NNN lease with options to terminate after 20 years. The asking price is $4.1 million. The company also has the listing to sell a 15,120 sq.ft. Walgreens store in Independence, MO. The tenant has a 60-year NNN lease with options to terminate after 20 years. The asking price is $5.359 million.

For more information, contact Wayne Kratzer at (612-897-7885), Fax (677-3069), e-mail (wkratzer@welshco.com).

Grubb & Ellis has the listing to sell Plaza De Campana in Phoenix, AZ. The 158,818 sq.ft. project is anchored by AMC Theatre, Hancock Fabrics and Chuck E. Cheese’s. The current NOI is $1.766 million. The asking price is $17.75 million.

For more information, contact Gregory Valladao, Richard Shott or Stanton Shafer at (602-954-9000).

Goldman Retail Associates, through an affiliate, recently acquired from Rite Aid Corporation a 20,200 sq.ft. building in Northridge, CA and has finalized a new lease with 99 Cents Only Stores for 14,000 sq.ft. 99 Cents Only Stores will eventually occupy the entire building by expanding into the adjacent space occupied by Kragen Auto Parts upon the expiration of Kragen’s lease. Goldman Retail Associates is in the market to acquire retail properties ranging from $1.5 million to $10 million in AZ, CA and NV.

For more information, contact David Goldman at (310-235-0444), Fax (996-2328).

Arroyo & Coates has the listing to sell a newly-constructed 15,616 sq.ft. Walgreens store in Citrus Heights, CA. The tenant has a 60 year primary lease term with eight five-year options to terminate after 20 years. The lease is net, with the tenant responsible for real estate taxes, insurance and maintenance of the property. Landlord is responsible for roof and structure. The asking price is $4.29 million.

For more information, contact Eric Wilcox at (415-445-7800), Fax (392-2701), e-mail (ewilcox@a-c.com).

Westwood Financial Corp. recently acquired Sonora Village in Scottsdale, AZ for $40.286 million. The 248,000 sq.ft. project is anchored by Fry’s Supermarket, United Artists and Staples. The company is in the market to acquire as many as 10 additional Scottsdale, AZ shopping centers in the next couple of years.

For more information, contact Joe Dykstra or Jeanette Eberhardt at (310-820-5443), home page (www.westfin.com).

KLNB Inc. represented C&S Realty Corp. in the sale of Essex Square Shopping Center in Tappahannock, VA to Essex Square LLC. The 106,650 sq.ft. project is anchored by Roses, Safeway, Dollar General and Fashion Cents.

For more information, contact Marc Geffroy or Brad Kotz at (703-288-4000).

Konover Property Trust, Inc. recently acquired Merchants Festival in Marietta, GA for $16.8 million. The 152,000 sq.ft. project is anchored by Ingles Markets and Pier One. The company’s total acquisitions for 1999 equaled $75.7 million and 1.107 million sq.ft.

For more information, contact C. Cammack Morton at (919-462-8787), home page (www.konovertrust.com).

J. Herzog & Sons Inc. recently acquired Westgate Mall and Whitney Square Shopping Center in Madison, WI from FBL Real Estate Ventures Ltd. for $15.6 million. The 232,818 sq.ft. Westgate Mall is anchored by Wisconsin Craft Mart, Minnesota Fabrics, Westgate Cinema, T.J. Maxx and Dunham’s Discount Sports. The 119,231 sq.ft. Whitney Square is anchored by Marshalls, Office Depot, Jo-Ann Fabrics, Fashion Bug and Factory Card Outlet.

For more information, contact Antonia Tsarnas at (303-757-8811).

Chase Properties recently acquired Indian Ridge Plaza Shopping Center in Mishawaka, IN. The 295,000 sq.ft. project is anchored by Circuit City, T.J. Maxx, Kids ‘R Us and K’s Merchandise. Spaces from 1,200 sq.ft. to 25,000 sq.ft. are available for lease. The center is located at the intersection of Grape Road and Indian Ridge Boulevard, directly across the street from the 350,000 sq.ft. Wilshire Plaza, which is anchored by HomePlace, OfficeMax, Media Play and Hobby Lobby.

For more information, contact Dave Palchesko at (216-464-6626), Fax (464-6346).

Investcorp, in partnership with Crow Holdings, recently acquired Boardwalk Shopping Center in Austin, TX for more than $20 million. The 184,000 sq.ft. project is anchored by Wal*Mart, Ross, OfficeMax, PetsMart, Home Depot and Party City. The partnership also acquired Essex Green Shopping Center in West Orange, NJ for more than $40 million. The 325,000 sq.ft. project is anchored by ShopRite, Stern’s, General Cinema and Sears Hardware.

For more information, contact Investcorp at (212-599-4700), home page (www.investcorp.com).

TRI Commercial has the listing to sell Victor Valley Shopping Center in Victorville, CA. The 183,704 sq.ft. project is anchored by HomeBase and Costco. The asking price is $13.5 million.

For more information, contact Boyd Cahill at (916-677-8147).

Newell Rubbermaid (330-264-7119) plans to close six of its seven Everything Rubbermaid stores by the end of the month, sparing only its original store near its headquarters in Wooster, OH. Stores in Hudson and Jeffersonville, OH; Corning, NY; Kenosha, WI and Winchester and Woodbridge, VA are all slated to close. In addition, the company plans to discontinue selling its products on its Internet site as well. Newell, which acquired Rubbermaid last year, has traditionally not been involved in retail sales or e-commerce.

Gart Sports Co. (303-861-1122) plans to close its mall stores at Buckingham Mall in Aurora, CO and Villa Italia in Lakewood, CO by the end of this month. The stores are being closed because the company’s freestanding superstores are taking business away from them. The company currently operates eight superstores in the area. In the future, the company plans to only open superstores. The company plans to continue to operate its remaining mall-based stores with future closures based on the stores’ profitability.

Saks Inc. (205-940-4000) plans to close a 167,400 sq.ft. Younkers store at Northridge Mall in Milwaukee, WI; a 204,400 sq.ft. Younkers store at Southridge Mall in Milwaukee, WI and a 107,000 sq.ft. Boston Store at Port Plaza Mall in Green Bay, WI during March. The company will continue to operate a Boston Store at Northridge Mall, a Boston Store at Southridge Mall and a Younkers store at Port Plaza Mall. The company plans to close the stores to better focus its resources and efforts on its other stores in the Milwaukee and Green Bay areas and to improve productivity.

Elias Bros. (810-759-6000) recently closed eight Big Boy restaurants in Kansas City, MO; 10 restaurants in St. Louis, MO and one in Columbia, MO. The company, which entered the MO market in March 1999, cited delays in obtaining city permits which forced them to open months later than planned, staffing problems and a drop in sales as the reason for the closures. The company had purchased former Shoney’s locations in October 1998 and began reopening them as company-owned Big Boy restaurants last Spring. The restaurants are not expected to reopen unless a franchisee takes over a location.

Divaris Real Estate, Inc. (757-497-2113) has been named the managing and leasing agent of the 371,735 sq.ft. Crossways Shopping Center in Chesapeake, VA. The project is anchored by Montgomery Ward, Office Depot, Marshalls, A&N and Starbucks. The leasing assignment will include the repositioning of several stores, and re-tenanting by new retailers entering the Hampton Roads market.

Berlow Real Estate, Inc. (716-852-7500) has been retained as the exclusive leasing agent for New Hartford Shopping Center in New Hartford, NY. The 400,000 sq.ft. project is anchored by Ames, Blockbuster and HSBC. Spaces from 3,000 sq.ft. to 50,000 sq.ft., as well as pad sites, are available for lease. The company has also been retained as the exclusive leasing agent for the re-tenanting and re-imaging of Hopkins Klein Plaza (formerly Quality Plaza) in Amherst, NY. The 85,000 sq.ft. project is anchored by Eckerd Drug. Spaces up to 50,000 sq.ft. are available for lease.

Hastings Cohn Real Estate (716-886-3325) has been retained as the exclusive broker for the leasing of four freestanding former Fazoli’s Restaurants in the the metro Buffalo, NY market. The buildings range in size from 2,538 sq.ft. to 3,234 sq.ft., contain drive thrus and are located in Amherst, Cheektowaga, Clarence and Tonawanda.

Southern Pacific Bank (877-322-4789) specializes in commercial mortgage loans from $250,000 to $5 million for "A" to "C" deals that make economic sense. www.incomepropertylending.net

Pan Pacific Retail Properties, Inc. (760-727-1002) recently entered into a new three-year $200 million unsecured revolving credit facility, replacing its existing facility. The new facility is syndicated to the same group of banks that participated in the prior facility including: Bank of America N.A., U.S. Bank National Association, KeyBank National Association, The Bank of Nova Scotia, First Union National Bank, Sanwa Bank California and Dresdner Bank A.G. The facility will be used primarily to finance acquisitions and for general corporate purposes. Borrowings under the facility will bear interest at a rate of LIBOR plus 1.15%. The facility will mature in December 2002. Additionally, the company has the ability to increase the size of the facility to $250 million. The company also extended an existing $265 million mortgage with Metropolitan Life Insurance Company for Chino Town Square in Chino, CA. The mortgage, which was previously scheduled to mature in March 2000, has been extended for 10 years. Additionally, the interest rate was lowered from 8% to 7.7%. www.pprp.com

Hometrust Corp. (303-751-6000) has hard equity money available for commercial property nationwide. Up to $10 million is available at interest rates ranging from 12% to 15%.

HomeBase Inc. (949-442-5265) has been ordered by an Orange County (CA) Superior Court Judge to pay $135,000 in back rent to the landlord of Orangefair Market Shopping Center in Fullerton, CA on a store it closed in September. The landlord argued that HomeBase underpaid rent from October 1 through December 16. HomeBase countered by saying it didn’t have to pay full rent because occupancy at the center had fallen below a threshold of 62.5%. Attorneys for the landlord, Orangefair Co. LLC, said that HomeBase’s closure caused the center’s occupancy rate to drop below the 62.5% level. The judge sided with the landlord and also ordered HomeBase to relinquish the property to Orangefair and pay attorney fees that will exceed $15,000. Attorneys for Orangefair Co. said they plan to file another complaint alleging that HomeBase owes more than $2 million for the balance of the lease at the center.

U.S. Factory Outlets, Inc. (212-563-3650) announces that Gary Grimes has been appointed vice president of store operations. Grimes joined USFO in 1998. Prior to joining the company, Grimes was a general manager for Media Play, The Musicland Group, Inc. and started his retail career at Wal*Mart.

Newmark & Company Real Estate, Inc. (212-372-2200) and New Spectrum Realty Services, Inc. (212-983-6200) recently executed a letter of intent for the formation of Newmark New Spectrum Retail Real Estate LLC. Newmark’s retail brokerage business will be combined with the business of New Spectrum Realty and the new company will commence operations effective March 1. The new company will specialize in the representation of retailers and owners of retail properties nationally. The firm will be the largest retail real estate services provider in the NY metropolitan area and one of the largest in the U.S. The Newmark and New Spectrum firms, through their senior management, will own a majority and minority interest, respectively, of the newly formed company. Robert Pressman will be the CEO and managing principal of Newmark New Spectrum Retail.

Aegis Realty, Inc. (800-831-4826) announces that Stuart J. Boesky, president, has been named chairman and chief executive officer of the company. Boesky succeeds J. Michael Fried who has resigned from these positions. Boesky will also continue his responsibilities as president.

Colliers Lanard & Axilbund (215-925-4600) announces the promotion of Marc Isdaner to vice president of its New Jersey division. Isdaner joined Colliers L&A in 1993 and has represented local and national firms in the leasing and sale of most types of commercial properties.

Goodstein Realty Commercial (212-751-0900) announces that John Goldman has been named executive vice president, director of investment sales. In his new position, Goldman will arrange the sale and development of investment properties throughout Manhattan, NY and provide investment and development opportunities to the firm’s clients. Most recently, Goldman served as director of investment sales for Brown Harris Stevens, where he handled the sale of Manhattan properties to local users and investors.

Kushner Companies (973-822-0050) announces that Matt Sprung has joined the company as a land development officer. In his new position, Sprung will be part of a team that takes raw land from the point of acquisition through to the beginning of construction for the company’s projects.

dba Burch & Hatfield Formal Shop

David Burch

1810 University Boulevard

Tuscaloosa, AL 35401-1518

205-345-2938, Fax 759-1481

The 12-unit chain operates locations in AL, GA and MS. The stores, offering formal wear, occupy spaces of 600 sq.ft. to 1,250 sq.ft. in power centers and regional malls. Growth opportunities are sought in the existing markets. Leases running five years are typical.

dba Cato Fashions/Cato Plus

Skip Severson

8100 Denmark Road

Charlotte, NC 28273-5975

704-554-8510, Fax 551-7594

The 640-unit chain operates locations in AL, AR, DE, FL, GA, IL, IN, KS, MD, MS, MO, NC, OH, OK, SC, TN, TX, VA and WV. The stores, selling popular-priced women’s apparel in junior, missy and large sizes, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in strip centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Plans call for 125 openings in the coming 18 months. Expansion will take place in the existing markets as well as in NJ and PA.

dba It’s Wholesale For Kids, Kids Club (NY only)

Norman Goldberg

131 West 33rd Street, Room 1005

New York, NY 10001

212-736-8850, Fax 643-0715

The six-unit chain operates locations in NJ and NY. The children’s apparel stores occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in outlet and strip centers. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets.

dba Kid Spot, House of Bargains

Sam Polese

100 Metro Way

Secaucus, NJ 07094

201-319-9093, Fax 319-9097

The 60-unit chain operates locations in DE, FL, IL, MD, MI, NJ, PA and TX. The stores, selling infant and children’s apparel, occupy spaces of 4,000 sq.ft. to 5,000 sq.ft. in downtown store fronts, freestanding facilities, outlet and strip centers. Growth opportunities are sought in IL, MO, NY, OH and TX. Preferred demographics include a population of 120,000 within three to five miles earning $35,000 as the average income. Leases running three to five years are typical.

dba Daps Discount Auto Parts

Martin Sharron

PO Box 18279

Pensacola, FL 32523

850-434-3362, Fax 433-0142

The 22-unit chain operates locations in AL, FL and MS. The automotive parts stores occupy spaces of 7,500 sq.ft. to 12,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Preferred anchors include Kmart and Wal*Mart. Growth opportunities are sought in the existing markets as well as in LA. Leases running five years are typical.

Dave Lombardi

3202 53rd Avenue East

Bradenton, FL 34203

941-751-1949, Fax 758-6573

The company operates one unit in FL. The automotive service center occupies a 4,500 sq.ft. freestanding facility. Growth opportunities are sought in the existing market.

dba American Greetings, Carlton Cards

Gene Gaydos

One American Road

Cleveland OH, 44144

216-252-7300, Fax 671-1188

e-mail: gene.gaydos@amgreetings.com

The 350+-unit chain operates locations nationwide. The stores, selling cards and gifts, occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in downtown store fronts and regional malls. Plans call for as many as ten openings in the coming 18 months. Expansion will take place nationwide.

dba Tom Thumb Food Stores

Jim Burns

619 8th Avenue

Crestview, FL 32536

850-682-5171, Fax 682-1695

The 113-unit chain operates locations in AL and FL. The convenience stores, which also sell gasoline, occupy spaces of 3,400 sq.ft. in freestanding facilities on at least one acre of land. Plans call for five openings in the coming 18 months. Expansion will take place in FL. Leases running five years, with three options of five years each, are typical.

dba Burke Cleaners

Mark Burke

5677 Boeing Drive

Loveland, CO 80538-8811

970-667-4444, Fax 669-9226

The six-unit chain operates locations in CO. The dry cleaners occupy spaces of 1,000 sq.ft. to 1,400 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for as many as three openings in the coming 18 months. Expansion will take place in the existing market. Leases running five years, with a five-year option, are typical.

dba Back Yard Burgers

Ray Jones

2768 Colony Park Drive

Memphis, TN 38118

901-367-0888, Fax 367-0999

The 86-unit chain operates locations in AL, AR, FL, GA, IL, KS, KY, LA, MS, MO, NC, OH, OK, SC, TN and TX. The restaurants, serving gourmet hamburgers and chicken sandwiches, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding facilities with drive thrus. Plans call for 20 openings in the coming 18 months. Expansion will take place in the Mid-Atlantic, Midwestern and Southeastern regions as well as in OK and TX. Preferred demographics include a population of 30,000 within three miles earning $35,000 as the average income. Leases running five to ten years, with renewal options, are typical.

dba Luby’s Restaurants

Al Davis

2211 Northeast Loop #410

San Antonio, TX 78217-4673

210-654-9000, Fax 599-8407

The 227-unit chain operates locations in AR, AZ, FL, LA, MO, MS, NM, OK, TN and TX. The cafeteria-style restaurants occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding facilities, regional malls and strip centers. Plans call for eight openings in the coming 18 months. Expansion will take place in TX. The new units will average 7,500 sq.ft. Preferred demographics include a population of 50,000 within three miles earning $20,000 per capita. Leases running five years, with five options of five years each, are typical.

dba Krystal Hamburgers

Bill Hickman

13902 North Dale Mabry Highway, Suite 199

Tampa, FL 33618

813-960-2663, Fax 960-2885

The 17-unit chain operates locations in central FL. The fast food restaurants occupy spaces of 1,900 sq.ft. to 2,600 sq.ft. in freestanding facilities and end caps of strip centers. Both types of real estate require a drive-thru. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 50,000 within three miles earning $30,000 as the average income. Leases running 10 to 20 years are typical.

dba Pizza Hut

Ted Swan

150 North Oliver Street

Wichita, KS 67208

316-685-1324, Fax 685-2234

The 25-unit chain operates locations in MI, OH and WV. The pizza restaurants occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in downtown store fronts, freestanding facilities and strip centers. Growth opportunities are sought in the existing markets.

dba White Castle

Sam Grani

555 West Goodale Street

Columbus, OH 43215

614-228-5781, Fax 461-4033

The 341-unit chain operates locations in IL, IN, KS, KY, MI, MN, MO, NJ, NY, OH, PA and TN. The fast food restaurants occupy spaces of 1,600 sq.ft. in freestanding facilities. Plans call for 25 openings in the coming 18 months. Expansion will take place in the existing markets.

dba Buddy’s Home Furnishing

Theresa Killoren, Kim Flatton

6608 Adamo Drive

Tampa, FL 33619

813-623-5461, Fax 626-8195

The 40-unit chain operates locations in FL and GA. The stores, selling furniture, electronics and appliances, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include supermarkets. Plans call for five openings in the coming 18 months. Expansion will take place in FL. Preferred demographics include a population of 25,000 within five miles earning $30,000 as the average income. Leases running five years are typical.

dba Larry Bartell

2755 West Thomas

Melrose Park, IL 60160

708-343-1177, Fax 343-2070

The 18-unit chain operates locations in IL and IN. The furniture stores occupy spaces of 10,000 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought in the existing markets.

dba The Home Depot

Bryan Fields

2455 Paces Ferry Road

Atlanta, GA 30339-4024

770-433-8211, Fax 384-2917

The 900+-unit chain operates locations throughout North America. The home improvement stores occupy spaces of 102,000 sq.ft. to 130,000 sq.ft. in freestanding facilities and strip centers. Plans call for 200 openings in the coming 18 months. Expansion will take place throughout North America. The company prefers to purchase its locations and requires 10 to 13 acres.

dba Lowe’s

David Shelton

PO Box 1111

North Wilkesboro, NC 28659

336-658-4000, Fax 651-2679

The 553-unit chain operates locations in 37 states. The home improvement stores occupy spaces of 150,000 sq.ft. in freestanding facilities and strip centers. Plans call for as many as 95 openings this year. Expansion will take place nationwide, with an emphasis on the Northeastern, southern FL and West Coast regions.

dba Orchard’s Supply Hardware, Sears Hardware

Julie Leverton

6450 Via Del Oro Boulevard

San Jose, CA 95119

408-281-3500, Fax 365-2792

home page: www.sears.com

The 260-unit chain operates locations nationwide. The home improvement stores occupy spaces of 45,000 sq.ft. to 60,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide.

dba Kitchen Etc.

Bob Camp

32 Industrial Drive

Exeter, NH 03833

603-772-1904, Fax 778-9336

e-mail: drobertson@kitchenetc.com

home page: www.kitchenetc.com

The 14-unit chain operates locations in CT, MA, NH, RI and VA. The stores, selling table top and kitchen housewares and furniture, occupy spaces of 20,000 sq.ft. in power centers and regional malls. Plans call for six openings in the coming 18 months. Expansion will take place in the Northeastern region and contiguous East Coast areas. Preferred demographics include a population of 125,000 within six miles earning $55,000 as the average income. Leases running 10 years, with a five-year option, are typical.

dba Robbins Bros. World’s Biggest Engagement Ring

Stephen Robbins

PO Box 411027

Los Angeles, CA 90041

323-258-0770, Fax 256-3603

The five-unit chain operates locations in CA. The jewelry stores occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding facilities. Growth opportunities are sought in Southern CA.

dba C.P. Dean Co.

W.D. Selder, Jr.

3001 Cutshaw Avenue

Richmond, VA 23230

804-355-6588, Fax 355-0025

The company operates one unit in VA. The store, selling game room equipment, is seeking spaces running 3,000 sq.ft. to 20,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the Tidewater area of VA.

dba Travel Network

Stephanie Abrams

560 Sylvan Avenue

Englewood Cliffs, NJ 07632

201-567-8500, Fax 567-4405

e-mail: mbrent@travnet.com

home page: www.travnet.com

The 425-unit chain operates locations nationwide. The travel agencies occupy spaces of 400 sq.ft. to 1,000 sq.ft. in regional malls, power and strip centers. Plans call for as many as 75 openings in the coming 18 months. Expansion will take place nationwide. Leases running five years, with a five-year option, are typical and the company is franchising.

dba Be-Lo/Fresh Pride, Food City, Meatland

Ed Dery

1157 Production Road

Norfolk, VA 23502

757-855-3371, Fax 853-7405

The 41-unit chain operates locations in DE, MD, NC and VA. The supermarkets occupy spaces of 17,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing markets.

dba Food Lion

Bill Kepley

110 Executive Drive

Salisbury, NC 28145

704-633-8250, Fax 636-5024

The 1,140-unit chain operates locations in DE, FL, GA, KY, MD, NC, PA, SC, TN, VA and WV. The supermarkets occupy spaces of 29,000 sq.ft. to 40,000 sq.ft. in strip centers. Preferred co-tenants include Lowe’s. Plans call for 120 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 20 years are typical.

dba Eagle Country Market

Larry Sanford

PO Box 6700

Rock Island, IL 61204

309-787-7700, Fax 787-7284

The 73-unit chain operates locations in IL, IN and IA. The supermarkets occupy spaces of 50,000 sq.ft. to 60,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing markets.

dba Wild Oats Markets, Alfafa’s, Capers

Ron Feldman

3375 Mitchell Lane

Boulder, CO 80301

303-440-5220, Fax 440-5280

The 105-unit chain operates locations throughout North America. The natural foods supermarkets occupy spaces of 15,000 sq.ft. to 30,000 sq.ft. in downtown store fronts, freestanding facilities, power, specialty and strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place throughout North America. Preferred demographics include a population of 100,000 within three miles earning $36,000 as the average income.

dba Winn-Dixie

J.D. Dismuke

5050 Edgewood Court

Jacksonville, FL 32254

904-783-5000, Fax 783-5694

e-mail: joedismuke@winndixie.com

The 1,180-unit chain operates locations throughout the Sunbelt. The supermarkets occupy spaces of 45,000 sq.ft. to 60,000 sq.ft. in freestanding facilities and strip centers. Plans call for 150 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 30,000 within three miles earning $35,000 as the average income. Leases running 20 years are typical.

Victorville- A 31,445 sq.ft. former Thrifty Payless Drug Store site is available for lease at a shopping center anchored by Ralph’s and McDonald’s. The space is divisible. Demographics include a three-mile population of 43,787 earning $40,469 as the average household income.

For details, contact Kim Sims of Goldman Retail Associates at (310-235-0444) or Skip Crane of Grubb & Ellis at (909-390-8635).

Aurora- Hoffman Heights Center is anchored by Ace Hardware, Brunswick Recreation Center and Video Buffs. The 240,000 sq.ft. project has spaces of 672 sq.ft., 1,200 sq.ft. and 4,800 sq.ft. available for lease. Demographics include a three-mile population of 150,000 earning $45,000 as the average income.

For details, contact Rich Ottlinger of AAMS Corp. at (800-544-8585), Fax (847-674-8157).

Cape Coral- Coral Pointe Shopping Center is anchored by Publix, Dollar Tree and Scotty’s Hardware. The 117,014 sq.ft. project has spaces of 2,000 sq.ft., 4,000 sq.ft. and up to 10,000 sq.ft., which can be subdivided, available for lease. In Seminole- Seminole Mall is anchored by Kmart, Publix, Beall’s, Stein Mart, Waccamaw, Eckerd Drug and AMC Theatres. The 424,358 sq.ft. project has spaces from 525 sq.ft. to 10,198 sq.ft., as well as a 60,000 sq.ft. anchor position, available for lease.

For details, contact Jeffrey James of Lamar Companies at (800-797-1472), Fax (727-403-7777).

Panama City Beach- Shoppes at Edgewater is anchored by Cinema 10 Theatres. The 143,808 sq.ft. project has spaces from 992 sq.ft. to 8,640 sq.ft., as well as an anchor position of 45,520 sq.ft., available for lease. Demographics include a five-mile population of 25,134 earning $53,582 as the average household income.

For details, contact Gordon Miller of Trammell Crow Company at (770-290-0828), home page (www.trammellcrow.com).

Wichita- Towne West Square is anchored by J.C. Penney, Sears, Montgomery Ward, Dillard’s and Office Depot. The project has a 60,000 sq.ft. space available for lease. Demographics include a five-mile population of 182,234 earning $44,115 as the average household income.

For details, contact John Smith of Commercial Net Lease Realty Services, Inc. at (407-650-3655), home page (www.cnlreit.com).

Wichita- Eastgate Plaza is anchored by Toys R Us, OfficeMax, Best Buy, Burlington Coat Factory, Barnes & Noble, Osco Drug, T.J. Maxx and Pier 1 Imports. The 304,355 sq.ft. project has space available for lease. Demographics include a five-mile population of 147,564 earning $51,686 as the average household income.

For details, contact Woodmont at (817-732-4000).

Grand Rapids- A 16,000 sq.ft. former Computer City building is available for lease. The site is located across from Woodland Mall. Demographics include a three-mile population of 47,085 earning $61,386 as the average income.

For details, contact Bill Bussey of Grubb & Ellis Paramount Properties at (616-774-3500), Fax (774-3600).

Berlin- Berlin Circle Plaza is anchored by Home Depot, ShopRite, Frank’s Nursery and Annie Sez. The 285,000 sq.ft. project has space available for lease. Demographics include a three-mile population of 37,018 earning $61,066 as the average household income. In Burlington Township- Wishing Well Plaza is anchored by Kmart. The 120,525 sq.ft. project has an anchor position available for lease. Demographics include a three-mile population of 45,460 earning $58,632 as the average household income. In Millville- Cumberland Crossing is anchored by Wal*Mart and Pathmark. The 240,000 sq.ft. project has two pad sites available for lease. Demographics include a five-mile population of 65,744 earning $45,473 as the average household income. In Turnersville- Cross Keys Commons is anchored by Wal*Mart, Acme, Staples and a 12-screen Regal Cinemas. The 371,000 sq.ft. project has space available for lease. Demographics include a three-mile population of 57,737 earning $60,642 as the average household income.

For details, contact American Continental Properties at (609-875-7223) or (212-826-9700).

State College- Hills Shopping Complex is anchored by Ames, Weis, Jubilee Foods and Rite Aid. The 320,000 sq.ft. project has spaces of 1,080 sq.ft., 2,000 sq.ft., 5,500 sq.ft. and 15,018 sq.ft. available for lease. The site is located one mile from Penn State University.

For details, contact Tony Vita of Vita & Vita Realty Corp. at (973-227-5233), home page (www.vitarealty.com).

Nashville- An anchor position is available for lease at Priest Lake Plaza. Demographics include a three-mile population of 45,213 earning $49,872 as the average household income.

For details, contact Thomas Pira of Rosen Associates at (516-333-2000).

El Paso- Kenworthy Shopping Center is anchored by Furr’s Grocery Store. The 104,500 sq.ft. project has space available for lease. Demographics include a three-mile population of 27,734 earning $32,493 as the average household income. In Victoria- Village Shopping and Professional Center is anchored by Weiner’s and Bealls. The 131,800 sq.ft. project has space available for lease. Demographics include a three-mile population of 54,149 earning $41,642 as the average household income.

For details, contact CenterAmerica Property Trust at (713-665-2511), Fax (668-3394).

Randolph- Randolph Shopping Center is anchored by Grand Union Supermarket, Aubuchon Hardware and Family Dollar. The project has spaces of 7,500 sq.ft. and 11,000 sq.ft. available for lease.

For details, contact Brian Waxler of Pomerleau Real Estate at (802-863-8210), Fax (863-8219), e-mail (bwaxler@vermontrealestate.com), home page (www.vermontrealestate.com).

Richmond- Merchants’ Walk Shopping Center is anchored by Food Lion, Marshall’s, Michaels and PetsMart. The 220,000 sq.ft. project has 8,000 sq.ft. available for lease.

For details, contact Matt Wilson of Chase Properties Ltd. at (216-464-6626), Fax (464-6346).