January 28, 2000
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The Dealmakers Issue Number 3 for the week of January 28, 2000.

Retailers Expanding into California

Arden Group, Inc. does business as Gelson’s Markets at 15 locations in CA. The gourmet supermarkets, a hybrid of a conventional supermarket and a specialty food market, occupy spaces of 30,000 sq.ft. to 35,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in Southern CA. Preferred demographics include a population of 50,000 within two miles earning $75,000 as the average household income.

For more information, contact Jim Hanson, Arden Group, Inc., 2020 South Central Avenue, Compton, CA 90220; 310-638-2842, Fax 631-0950.

Sport Chalet operates 22 locations in Southern CA. The sporting goods stores, featuring an extensive line of scuba and ski equipment, occupy spaces of 40,000 sq.ft. in freestanding facilities, power centers and regional malls. Growth opportunities are sought in the existing market. Leases running 10 years, with options, are typical.

For more information, contact Jeff Moore, Sport Chalet, c/o CB Richard Ellis, 3501 Jamboree Road, Suite 100, Newport Beach, CA 92660; 949-725-8516, Fax 725-8545.

Nickel’s Payless Stores, Inc. trades as Food-4-Less, Nickel’s Payless Stores and Best Buy Market at nine locations in CA. The supermarkets occupy spaces of 25,000 sq.ft., with Best Buy Market occupying 15,000 sq.ft., in freestanding facilities and strip centers. Growth opportunities are sought for all three concepts. Expansion will take place in central CA. Preferred demographics include a population of 50,000 within three miles earning $30,000 as the average income. Leases running 15 years are typical.

For more information, contact Leonard Whitney, Nickel’s Payless Stores, Inc., 500 East Race Street, Visalia, CA 93291; 559-732-5627, Fax 732-7416.

Crescent Jewelers trades as J. Burton Jewelers at 149 locations in AZ, CA, NV, NM, OR, TX and WA. The jewelry stores occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in power centers and regional malls. Growth opportunities are sought in the existing markets.

For more information regarding sites in northern CA to WA and in Las Vegas, NV, contact Brian Berlund, Crescent Jewelers, 315 11th Street, Oakland, CA 94607; 510-273-2529, Fax 835-0906. For more information regarding sites in Southern CA, AZ, NM and TX, contact David Halpern, Crescent Jewelers, 110 Lakewood Center Mall, Lakewood, CA 90712; 562-633-1085.

PWS Inc. trades as Lauderland at 20 locations in CA. The laundromats occupy spaces of 1,800 sq.ft. to 4,000 sq.ft. in freestanding facilities and strip centers. Plans call for 30 openings in the coming 18 months. Expansion will take place in CA and NV. Leases running 10 years are typical.

For more information, contact Pamela Klesert, PWS Inc., 6500 Flotilla Street, Commerce, CA 90040; 323-721-8832, Fax 721-6148.

Busy Body Inc. trades as Busy Body at 96 locations in CA, DE, FL, GA, IL, IN, MD, MA, MO, NH, NJ, OH, PA, TX, VA and Washington, D.C. The stores, selling fitness equipment, occupy spaces of 4,000 sq.ft. in power and strip centers. Plans call for as many as 20 openings in the coming 18 months. Expansion will take place in the Midwestern, Northeastern, Southwestern and Western regions. Preferred demographics include a population of 250,000 within five miles earning $50,000 as the average income. Leases running five years, with two options of five years each, are typical.

For more information, contact Pat Murphy, Busy Body Inc., 20222 Plummer Street, Chatsworth, CA 91311; 818-993-4212, Fax 885-0292.

Don Roberto Jewelers, Inc. trades as Don Roberto Jewelers at 54 locations in CA and TX. The jewelry stores occupy spaces of 1,500 sq.ft. in downtown store fronts and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in Southern CA. Preferred demographics include a population of 35,000 within one mile earning $25,000 as the average income. Leases running three years, with a three-year option, or five years, with a five-year option, are typical.

For more information, contact Robert Trette, Don Roberto Jewelers, Inc., 1020 Calle Recordo, San Clemente, CA 92673; 949-361-6700, Fax 366-2888.

 

To the Editor:

If I had read your publication earlier, I would have thanked you in person when you came by our table in Atlanta to pick up a company brochure. That is, I would have thanked you for your mention on page 8 of The Deal makers, vol. IX, no. 28 of Peebles Department Stores looking for sites in the Greater Philly area. Since I only just got caught up on the mail which accumulated during my travels to ICSC events and looking at sites and markets, I will thank you over the ether. Thank you!

David Bordsen, Director of Real Estate

Peebles Department Stores

One Peebles Street

South Hill, VA 23970

804-447-5200, Fax 447-5474

e-mail: dbordsen@msinet.com

home page: www.peebles-stores.com

 

Who’s Opening & Where

Select Comfort Corporation (612-551-7000) plans to open 15 mall-based stores this year in its existing markets. The company’s products are sold through 341 retail stores located nationwide, including 45 leased departments in Bed Bath & Beyond stores. www.selectcomfort.com

Papa John’s International, Inc. (502-266-5200) recently acquired PJNJ, Inc., a 19-unit Papa John’s franchisee in NJ. In addition to the 19 existing restaurants, the acquisition provides the company with an opportunity to open as many as 14 additional company-owned restaurants over the next 18 to 24 months as part of PJNJ’s development agreement. The company operates and franchises 2,278 restaurants in 47 states and five international markets. www.papajohns.com

Taco Cabana (210-804-0990) plans to enter the Phoenix, AZ market with seven restaurants this year and three more in 2001. The first unit is expected to open during March. The chain faces competition from Taco Bell, Del Taco and Baja Fresh. Taco Cabana will try to fit into a niche between Taco Bell and casual dining restaurants, offering fresh ingredients, a salsa bar, beer and margaritas. The restaurants will also offer a drive-through window and operate 24 hours a day.

Bobby Allison Wireless, Inc. (727-584-7902), AT&T Wireless Services’ largest authorized dealer in the Southeast, opened 34 stores last year to end the year with 57 mall locations throughout the Southeastern region. This year, the company is planning to open at least 60 stores.

Lowe’s Cos. (336-658-4223) plans to open 135,000 sq.ft. stores in North Attleboro and Danvers, MA this year.

Sterk’s Super Foods (219-933-3600) plans to open a supermarket at a former Jewel store at Orchard Square Plaza in Park Forest, IL during Fall. Sterk will open the store thanks in part to an economic incentive package provided by Park Forest, under which the town will share tax revenue with the store. For the first 10 years of the 25-year agreement, the store will keep 75% of the sales tax revenue, with the town taking the remaining 25%. For the next 10 years, the store and town will split the revenue 50-50. During the last five years, the store will keep 25% and the town will get 75%.

Walgreens Co. (847-940-2500), which opened 94 stores during its first fiscal quarter, is planning to open 450 stores in fiscal 2000. The net gain in stores will be approximately 350 after store closings and relocations are factored in. By Spring, the company hopes to reach its goal of opening its 3,000th store in the year 2000.

ShopKo Stores, Inc. (920-497-2211) plans to build 25 Pamida stores and five ShopKo stores this year. As part of the announcement, ShopKo said that it plans to consolidate Pamida’s real estate, store planning, and construction functions with ShopKo’s. However, ShopKo plans to maintain Pamida’s corporate headquarters and distribution center in Omaha, NE.

Deals (314-739-8300), founded by the former owner of the Grandpa’s chain of discount stores in MO, which was recently acquired by Value City, recently opened its first two stores in Affton and Maplewood, MO. The company has a goal of eventually operating 100 stores throughout the Midwestern region. The Deals stores sell merchandise at the fixed price-point of $1.

Wal*Mart Stores (501-273-4000) plans to open a 141,000 sq.ft. discount store across from Northridge Mall in Milwaukee, WI during Spring 2001. The store is part of the company’s push into the Milwaukee market. The company is also planning to open a store at the former Southgate Mall on South 27th Street; a store at a former Builders Square location on East Capitol Drive and a store at a power center to be developed on West Capitol Drive. In other news, Wal*Mart is meeting opposition from Clarke County, GA residents who are opposing a 224,968 sq.ft. Supercenter proposed for 47 acres along Atlanta Highway in Athens.

Ethan Allen (203-743-8000) plans to relocate its North Academy Boulevard store in Colorado Springs, CO to a new shopping center also on North Academy Boulevard during Fall.

Cutter & Buck (206-622-4191) plans to open a 3,479 sq.ft. store at Pioneer Place in Portland, OR during March and a store at Desert Passage at the Aladdin in Las Vegas, NV during Summer. The stores will be company’s sixth and seventh locations. In the last quarter of 1999, the company opened retail locations in Denver, CO; Orlando, FL and Mission Viejo, CA. Cutter & Buck distributes products both domestically and internationally in high end golf pro shops and resorts, specialty retail stores and its own retail stores.

Crown Books (301-731-1200) plans to open a 23,000 sq.ft. book store at a former Encore Books & Music location at Hampden Centre in Harrisburg, PA next month. The store will be the company’s first unit in PA.

Hobby Lobby (405-745-1100) recently opened its first of several planned stores in the greater Cincinnati, OH market with a location in Loveland, OH. The company has also signed leases for stores in Columbus, Hamilton, Mansfield and Springfield, OH. The stores mark the company’s initial entry into the state. The Columbus store is expected to open late this month. Opening dates for the remaining three stores have yet to be determined. Each store is expected to occupy 50,000 sq.ft. to 75,000 sq.ft. The company operates approximately 200 stores and had been keeping its stores within an 850 to 900 mile radius of its corporate offices and distribution center in Oklahoma City, OK.

Gander Mountain (612-830-8700) plans to open 31,000 sq.ft. stores in Kalamazoo and Lansing, MI during Spring. The company is anticipating opening additional stores during Fall and expects to announce locations later this year. The company currently operates 32 stores that specialize in hunting, fishing and family camping gear as well as outdoor apparel in MN, WI, MI, IN and OH.

Guitar Center, Inc. (818-735-8800) recently opened stores in El Toro, CA and Bridgeton, MO, bringing the total number of 1999 new stores to 13. Also during the fourth quarter, the company assimilated all nine Musician’s Friend stores into Guitar Center systems and completed the conversion of seven of the nine stores into the Guitar Center format and signage. The company has identified 55 markets across the country that have the potential to support the current format of Guitar Center stores. To date, the company has signed six leases for new stores in 2000, and plans to open between 14 and 16 stores this year. Currently, the company operates 66 stores in 33 major markets and three stores in secondary markets.

Draper’s and Damon’s (949-784-3000), which operates 28 women’s apparel stores in AZ, CA and TX, is planning to open as many as 10 stores a year nationwide. As part of its national expansion, the company has retained Stoutenborough Inc., Architects & Planners to develop a new corporate model for its stores. All of the new stores will incorporate the new design and existing stores will gradually be retrofitted to reflect the new image. Most of the chain’s 4,000 sq.ft. to 5,000 sq.ft. stores are located in neighborhood retail centers.

Cache, Inc. (212-575-3200) recently acquired the leases of seven Mondi of America stores. The company plans to convert the stores to its Lillie Rubin concept. The acquired stores are located at Cherry Creek Shopping Center in Denver, CO; Scottsdale Fashion Square in Scottsdale, AZ; Waterside Shops at Pelican Bay in Naples, FL; The Gardens of the Palm Beaches in Palm Beach Gardens, FL; Somerset Mall in Troy, MI; Mall of Green Hills in Nashville, TN and Plaza Frontenac in St. Louis, MO. The acquisition gives the company 25 Lillie Rubin stores and has a goal of operating 100 units within five years. The company also operates 183 Cache stores.

Family Dollar Stores Inc. (704-847-6961) opened 78 stores during its first fiscal quarter as part of its goal of opening 400 stores during its current fiscal year. The company also plans to close approximately 50 stores this year. www.familydollar.com

Uno Restaurant Corporation (617-323-9200) opened three company-owned restaurants in Frederick, MD; Providence, RI and Sturbridge, MA during its first fiscal quarter. Franchisees also opened three units during the quarter. During its second fiscal quarter, the company is anticipating opening six more restaurants. The company currently operates and franchises 163 restaurants in 29 states. www.pizzeriauno.com

Gerald Stephens Inc. (954-627-1000) recently acquired the five-unit Stephenson’s Flower Shops chain in the Harrisburg, PA market. The acquisition gives Gerald Stephens a network of more than 300 specialty retail florist shops in 31 markets nationwide. The company’s goal is have 1,000 shops by 2005.

 

Buyers & Sellers

Atlantic Retail Properties has the listing to sell a freestanding 43,176 sq.ft. Sports Authority store in Boca Raton, FL. The store is part of Boca Glades Shopping Center and its co-tenants are Linens ‘N Things and PetsMart. The asking price is $3.3 million and financing is assumable. The company has the listing to sell a freestanding 43,025 sq.ft. Sports Authority store in Naples, FL. The store is located near Target, Beall’s, Toys ‘R Us, Bed Bath & Beyond, OfficeMax, Circuit City, Home Depot and Publix. The asking price is $2.8 million and financing is assumable. The company has the listing to sell a 42,500 sq.ft. freestanding Sports Authority store in St. Petersburg, FL. The site is located near Tyrone Square Mall, Wal*Mart and Target. At each of these properties, the tenant has a 20-year NNN lease which expires in January 2020. The leases call for rental increases of approximately 10% every five years and the tenant is responsible for both roof and structure as well as all aspects of property management. The asking price is $2 million and financing is assumable. The company has the listing to sell two-unit building occupied by Sports Authority and Staples in Escondido, CA. The asking price is $10 million. The company has the listing to sell a freestanding 30,000 sq.ft. Best Buy store at Steeplegate Center in Concord, NH. The tenant has a 20-year lease with four options of five years each. The asking price is $5.8 million and financing is assumable. The company also has the listing to sell a freestanding 37,500 sq.ft. Linens ‘N Things store at Steeplegate Center in Concord, NH. The tenant has a 15-year lease with three options of five years each. The asking price is $6.4 million.

For more information, contact David Nugent at (781-768-3614), e-mail (dnugent@atlanticretail.com).

Bryant Development Corp. recently acquired a 1.4 million sq.ft. portfolio of eight shopping centers in Austin, TX from The Pennsylvania Public School Employees Retirement System. With the addition of these eight properties, as well as the earlier acquisition of Shaw’s South Shopping Center, the company reached its goal of acquiring 1.5 million sq.ft. of retail space during 1999. The Austin portfolio consists of the following shopping centers: Market Place (274,676 sq.ft.), Anderson Mill (171,794 sq.ft.), Century South (207,358 sq.ft.), North Park (115,747 sq.ft.), Round Rock West (131,797 sq.ft.), Springdale (163,677 sq.ft.), Towne Square (77,352 sq.ft.) and West Woods (205,262 sq.ft.). All of the properties are in densely populated neighborhoods with below market rents. The overall occupancy rate is 95% and major tenants include HEB Grocery, Stein Mart, Montgomery Ward, Academy Sporting Goods, Hobby Lobby, Eckerd Drug, Michaels and Weiner’s. The company’s next goal is to acquire 10 million sq.ft. of retail space within five years.

For more information, contact Andrew Hascoe at (914-701-4300), Fax (251-1787).

CB Richard Ellis has the listing to sell Lakeside Plaza Shopping Center in Stockton, CA. The 72,832 sq.ft. project is anchored by Marshalls and Nevada Bob’s. The asking price is $3.8 million and financing is available. The company has the listing to sell McHenry Village in Modesto, CA. The 8,000 sq.ft. project shares access with McHenry Village Shopping Center. The asking price is $1.15 million. The company has the listing to sell Lake Forest Plaza Shopping Center in El Dorado Hills, CA. The 50,965 sq.ft. project is anchored by Blockbuster Video. The asking price is $6 million and financing is available. The company has the listing to sell Willow Tree Plaza Shopping Center in Lakeport, CA. The 123,853 sq.ft. project is anchored by Safeway and Longs. The asking price is $8.1 million and financing is available. The company also has the listing to sell a Hollywood Video anchored two-tenant building in Lemoore, CA. The asking price is $1.15 million.

For more information, contact Don Howson at (916-446-8269), John DuBois at (916-446-8761), Jon Gianulias at (916-446-8787) or Craig Sherle at (916-446-8280).

Arvida Realty Services has the listing to sell East State Shopping Center in Fort Wayne, IN, a 38,000 sq.ft. neighborhood center. The asking price is $2.7 million. The seller will also consider a 1031 exchange for NNN leases in FL.

For more information, contact Thomas Mather at (800-274-7979), Fax (941-598-9809), e-mail (tmather@worldnet.att.net).

CenterAmerica Property Trust plans to launch a buying and construction binge that will swell its portfolio by as many as 60 additional shopping centers in the next two to three years. Recently, CenterAmerica arranged a joint venture with the AT&T pension fund for at least $300 million worth of shopping centers. The company already has contracted to buy six or seven parcels of land for new shopping centers to be built in Houston by the new venture. The company specializes in neighborhood shopping centers, many of which are anchored by grocery stores. The 12 million sq.ft. CenterAmerica portfolio currently includes 110 shopping centers, about half of them in Houston. CenterAmerica’s partner in the deal is Long Term Investment Trust, which is part of the AT&T pension fund. The AT&T group’s investments are directed by Morgan Guarantee Trust, an affiliate of J.P. Morgan. The Aldridge Eastman & Walsh investment firm is underwriting the investment and providing asset management services on behalf of Morgan Guarantee. The acquisition and new development effort will primarily be concentrated in the Southeastern and Southwestern regions, from AZ to FL. The company currently has three deals pending in FL as well as deals pending in El Paso, TX and Albuquerque, NM.

For more information, contact Scott MacDonald at (713-660-4300).

National Net Lease Realty has the listing to sell a Piccadilly Cafeteria restaurant in the Southeastern region. The tenant has an absolute net lease and is part of a development anchored by Montgomery Wards, Regal Cinema and Courtyard Hotel. The asking price is $933,333.

For more information, contact Terry Marks at (818-905-5597), Fax (905-5596), e-mail (info@terrymarks.com).

JDN Realty Corp. recently sold three shopping centers in Greensboro, Greenville and Wilmington, NC to a private real estate investment trust for $78.5 million. JDN will also act as developer for the buyer to further expand the Greensboro center, netting an additional $7.2 million this year.

For more information, contact JDN Realty Corp. at (404-262-3252).

Tulsa Properties, Inc. brokered the sale of the 41,160 sq.ft. East Central Plaza in Tulsa, OK. The seller was Kansas City Life Insurance Company and the buyer was Acron Kapital Un Immobilien GMBH. The sale price is $3.18 million.

For more information, contact Mary Martin at (918-665-3830).

Pinnacle Realty Management Company has the listing to sell Kissimmee Manufacturers Outlet Mall in Kissimmee, FL. The 122,060 sq.ft. project is home to many outlet tenants such as Nike, Dress Barn and Bugle Boy and draws customers from the immediate area as well as tourists from the nearby attractions. The asking price is $7.9 million.

For more information, contact Janet Galvin or Sharon Robbins at (407-896-0800).

Aston Properties has the listing to sell a 10,125 sq.ft. freestanding CVS drug store in Vinton, VA. The tenant has a 20-year NNN lease with four options of five years each. Rent increases eight percent during each five year period. The asking price is $2.142 million.

For more information, contact Charles Thrift at (704-366-7337).

Jackson Bancorp is in the market to acquire properties in which the owner is willing to exchange equity for stock in a public or soon-to-be public company.

For more information, contact Rick Weiss at (707-451-8650), Fax (451-7893).

Land South has the listing to sell 84.4 acres of highway commercial property in the Southeastern region. The site is located near a new Kroger anchored shopping center and the entrance to Carolina Forest. The asking price ranges from $145,000 to $160,000 per acre.

For more information, contact Mitchell Flannery at (843-946-6964), Fax (946-6653).

 

Sources of Financing

Vogler & Associates (619-401-0835) has mortgage funds available for strip centers, malls, restaurants and other commercial uses.

Buffalo Wild Wings, Inc. (612-593-9943) recently announced an $8.5 million private placement of convertible preferred stock, the first-ever capital infusion of this magnitude for the company. The restaurant chain expects the investment to fuel the company’s growth through 2003. The company currently owns 105 restaurants--26 company-owned and 79 franchised--in 19 states, with 2003 projections of 261 locations, 101 company-owned and 160 franchised. Three private equity partners, Gemini Investors LLC, Regent Capital Partners and Carefree Capital Partners purchased a total of $6.1 million in convertible preferred equity in the company. The placement was arranged by McDonald Investments, Inc. The remaining $2.4 million in preferred shares were sold to existing Buffalo Wild Wings officers, directors and shareholders.

Capital Lease Funding, L.P. (212-217-6300) announces the acquisition of Bedford Capital, a NH-based lender specializing in providing credit tenant lease financing for the 27,000 leased U.S. Post Offices throughout the country. Bedford Capital was founded in 1996 to provide maximum leverage long-term financing to Post Office developers and investors. Bedford’s loans are based on credit worthiness of the Post Office rather than on the value of the real estate on which conventional bank loans are based. Since 1997, Bedford has financed and/or committed to finance more than $100 million in Post Office loans. The specialized credit tenant Post Office financing Bedford Capital offers provides developers and investors with up to 20% more loan proceeds than a traditional bank loan, on a non-recourse basis. Further, Bedford Capital loans, unlike shorter term five to ten year bank loans, are all self-amortizing over the term of the lease which eliminates the refinance risk inherent in bank financing. In addition, because credit based loans amortize over the term of the lease, the borrower will own the property free and clear at the end of the loan. www.caplease.com or www.bcap.com

Strategic Financial Network, Inc. (516-822-3000) provides construction financing for strip centers, single tenant buildings, market anchored centers, power centers and multi-tenant buildings. The minimum loan amount is $2 million and tenant credit should be at least "BB," or be a company with a well recognized name. L.T.V. can be as high as 100%. The developer can choose to stay in and share in project cash flow with the potential to exchange partnership interest for REIT shares in two to three years, or Strategic Financial Network can pre-buy and fund the developers share of the profit at completion. Other notes include: no geographic restraints; does not require bonding or insurance on leases in most cases; will take out existing construction financing; and need pre-lease or strong letter of intent. www.loans4business.com

Capital Resource Group (630-629-0408) provides permanent, bridge, mezzanine and structured financing for new construction, acquisition, refinance and rehabilitation of income-producing commercial real estate. For NNN credit tenant lease: up to 90% LTV, credit tenant S&P rated BBB or better, loan size $1 million to $100 million; build-to-suit, acquisition or refinance. Small conventional/conduit loans: up to 80% LTV, loan size from $300,000. Large, high loan to value loans: up to 90% LTV, loan size from $5 million.

 

Closings

Storehouse Market Saving Systems (801-375-8962), a four-unit chain of warehouse-style grocery stores, plans to close its four stores in Provo, Orem and Spanish Fork, UT as soon as all of its merchandise is sold. The stores fell victim to changing customer trends that show grocery store shoppers want full-service stores with quality produce combined with services such as video rentals, banking and food courts, rather than buying goods at the cheapest price.

Planet Hollywood International Inc. (407-363-7827) plans to close its restaurant near the intersection of Rodeo Drive and Wilshire Boulevard in Beverly Hills, CA next month as the company struggles to emerge from bankruptcy. After the closing, the company will have only two CA restaurants: one in San Francisco and one in San Diego. The company does expect to open other Southern CA outlets in the future. Since filing for Chapter 11 protection in October, the company has closed nine of its 32 restaurants. The company said that business at the Beverly Hills restaurant was hurt by city-imposed restrictions, including bans on late-night liquor sales, live music and tour buses.

The Limited (614-479-7000) plans to close its The Limited and Lane Bryant stores at Grand Avenue Mall in downtown Milwaukee, WI by the end of the month. The company does plans to keep its Victoria Secret and Limited Express stores open at the mall. Also closing its store at the mall at the end of the month will be Athletic Attic (352-377-5289) which is going through a Chapter 11 reorganization.

Lone Star Steakhouse & Saloon, Inc. (316-264-8899) recently closed 24 underperforming domestic restaurants and one unit in Mexico. In connection with the closings, the company recorded a pre-tax charge of approximately $7.2 million in the fourth quarter of its fiscal year. Closing the underperforming restaurants will allow the company to continue focusing on its existing program of additional staffing and operating improvements in its remaining restaurants.

 

Real Estate Professionals Making News

Capital Lease Funding, L.P. (212-217-6300) announces the appointment of Robert Gartner as vice president, capital markets. Prior to joining CLF, Gartner was vice president at LASER Mortgage Management, a publicly traded REIT. In his new position, Gartner will be responsible for managing CLF’s hedge position and strategies, developing pricing and structuring models, structuring complex transactions and new business development. While at LASER, Gartner managed the company’s portfolio and was responsible for the daily operation of the company.

 

Lease Signings

Newcastle Properties, LLC (847-480-9700) leased 9,000 sq.ft. to Country Sampler at Ogden Mall in Naperville, IL; 4,800 sq.ft. to The Buck Stop at Schererville Center in Schererville, IN and 2,000 sq.ft. to The Hair Cuttery at Tradewinds Shopping Center in Hanover Park, IL.

Copaken, White & Blitt (913-381-3840) leased 8,119 sq.ft. to Gap/Gap Kids, 1,138 sq.ft. to Successories, 2,500 sq.ft. to White Barn Candle Co., 2,579 sq.ft. to Bath & Body Works, 1,054 sq.ft. to Claire’s Boutique, 1,307 sq.ft. to Afterthoughts, 3,051 sq.ft. to Pacific Sunwear, 4,127 sq.ft. to Kirkland’s, 2,479 sq.ft. to Mr. Rags and 1,600 sq.ft. to Campustown at Eastland Mall in Bloomington, IL; 8,011 sq.ft. to Gap/Gap Kids, 20,361 sq.ft. to Old Navy, 1,900 sq.ft. to Villa Cucina, 2,100 sq.ft. to Panda Express, 1,400 sq.ft. to Fred Meyer Jewelers, 4,900 sq.ft. to American Eagle Outfitters, 1,400 sq.ft. to Afterthoughts, 1,200 sq.ft. to Bleacher Bums, 4,800 sq.ft. to Deb Shop, 1,400 sq.ft. to Regis, 1,000 sq.ft. to Merle Norman Cosmetics and 160 sq.ft. to Midwest Cellular at Hickory Point Mall in Decatur, IL; 3,433 sq.ft. to Casual Corner and 4,136 sq.ft. to Theatre for Young America at Mission Center in Mission, KS; 3,626 sq.ft. to America’s Contacts & Eyeglasses, 44,106 sq.ft. to Rhode’s Furniture, 4,774 sq.ft. to Paper Warehouse and 10,000 sq.ft. to Mattress Firm at Benjamin Plaza in Kansas City, MO; 5,000 sq.ft. to Maurices and 1,980 sq.ft. to Zales at Leavenworth Plaza in Leavenworth, KS and 3,671 sq.ft. to Fred P. Otts and 200 sq.ft. to Joe Joe’s Italian at Town Pavilion in Kansas City, MO.

Zell Commercial Real Estate Services, Inc. (602-248-0600) leased 1,400 sq.ft. to Ladies Workout Express at Gilbert Towne Center in Gilbert, AZ; 1,750 sq.ft. to Checkmate Payday Loans at a former Dunkin Donuts location at Peoria Station Shopping Center in Peoria, AZ; 1,544 sq.ft. to Go Wireless at Bethany Marketplace in Phoenix, AZ; 1,400 sq.ft. to Go Wireless at Lakeview Shopping Center in Gilbert, AZ; 1,036 sq.ft. to Go Wireless at Superstition Springs Albertson’s Center in Gilbert, AZ; 1,602 sq.ft. to H&R Block Tax Services at Goodyear Village Shopping Center in Goodyear, AZ; 5,370 sq.ft. to Buffalo Exchange at Cinema Park Shopping Center in Phoenix, AZ and 4,797 sq.ft. to Leather Center at Foothills Park Place Shopping Center in Phoenix, AZ.

Metro Commercial Real Estate, Inc. (856-866-1900) leased 3,179 sq.ft. to Shenk Brothers at Gallery II in Philadelphia, PA; 8,400 sq.ft. to Aaron’s Rental Purchase at a former Eckerd Drug location in Sharon Hills, PA; 4,101 sq.ft. to Naked Furniture and 1,472 sq.ft. to Funco at Philadelphia Home & Design Center in Philadelphia, PA; 3,036 sq.ft. to Tiger Shulman Karate and 2,500 sq.ft. to Sneaker Zone at Tilghman Square Shopping Center in Allentown, PA; 2,000 sq.ft. to Generations Hair Salon at Cardiff Plaza in Egg Harbor, NJ; 1,600 sq.ft. to Classic Cakes at Cross Keys Shopping Center in Washington Township, NJ and 1,327 sq.ft. to Mobile Communications at Heritage Square Shopping Center in Cherry Hill, NJ.

Excess Space Disposition (516-365-6400) represented CVS Corporation in subleasing a 10,069 sq.ft. space to Sykes Enterprises at Town & Country Shopping Center in Hazard, KY; 7,500 sq.ft. to Dollar General in Eaton, OH; 8,775 sq.ft. to The Fitness Factory in Clifton Park, NJ; 9,303 sq.ft. to Bottom Line Discounts in Hewlitt, NY and 9,040 sq.ft. to Home Express in Camden, SC. The company represented Eckerd Corporation is subleasing an 8,570 sq.ft. space to Hi/Lo Auto Supply in Dallas, TX; 8,640 sq.ft. to Delta Cash and Carry in Algiers, LA and 10,356 sq.ft. to Bill’s Dollar Stores in Winter Park, FL. The company represented Hancock Fabrics in subleasing 10,179 sq.ft. to Hi Style in Marrero, LA and 9,152 sq.ft. to Tuesday Morning at Hillside Village in Dallas, TX. The company represented Weis Markets in subleasing 18,280 sq.ft. to Dunham’s Athleisure Corporation in Grand Rapids, MI and 29,186 sq.ft. to West End Skate Park in Brodheadsville, PA. The company represented Walgreens in subleasing an 11,085 sq.ft. space to It’s 99 Cents, Inc. at Buckingham Square Mall in Aurora, CO. The company represented Staples in subleasing 70,010 sq.ft. to Ultimate Associates in Monsey, NY.

Jacobson, Goldfarb & Tanzman Company, LLC (732-750-4000) leased 6,590 sq.ft. to Pick Quick Papers at Edison Shopping Center in Edison, NJ; space to Dollar Store at Fords Shopping Center in Woodbridge, NJ and space to Discovery Shop at Galleria Shopping Center in Manalapan, NJ.

 

Exclusives

Goldschmidt & Associates (914-723-1616) has been appointed the exclusive leasing agent for the following Westchester County, NY properties: 43,266 sq.ft. fronting Central Avenue in Yonkers; Staples Plaza in Yorktown Heights; a 36,000 sq.ft. site at the intersection of Route 6 and Mohegan Avenue in Mohegan Lake; Quality Plaza in Hawthorne; a 10,000 sq.ft. site fronting Bowman Avenue in Rye Brook; Briarcliff Shopping Center in Briarcliff Manor; an 8,500 sq.ft. site fronting Gramatan Avenue in Mt. Vernon; a 6,000 sq.ft. site fronting South Moger Avenue in Mt. Kisco and Chilmark Shopping Center in Briarcliff Manor. Each developable site represents one of the few available properties zoned and approved for retail development. Each site has a major presence in their respective communities. All are on major thoroughfares with good visibility and access.

The Sansone Group (314-727-6664) has been selected by the town of Jennings, MO to redevelop the Northland Shopping Center. The Sansone proposal, which calls for the razing of all the buildings and starting from scratch, was selected over one submitted by Desco because Sansone plans to keep the 56-acre shopping center primarily retail while Desco’s plan was to use at least 65% of the space for warehousing. Sansone plans to use redevelopment incentives under state statue, which includes "tax abatement and the power of condemnation to acquire certain or all properties." Last year, the city council declared Northland Shopping Center a blighted area to allow developers to receive tax assistance to revitalize the center. The center includes a Famous-Barr store, vacant since 1994, with a two-level attached small-store shopping complex plus the Northland Theater, Hardee’s, Aldi’s, Dollar General, Blockbuster Video, Citgo, a vacant Dobbs and a three-story office building. The 659,500 sq.ft. project is considered 80% vacant. The Sansone proposal calls for a total of 310,000 sq.ft. of retail space, plus 80,000 sq.ft. of office space and six outlots. The project would be developed in two stages. Sansone did not indicate which stores would be staying or which new tenants it would bring to the center. Northland Shopping Center was built in 1955 with seven outlots developed over the next 39 years.

 

Lead Sheet

Bermo Enterprises Inc.

dba Max 10, Mr. B’s Wearhouse

Ed Bernard

12033 US 131

Schoolcraft, MI 49087

616-679-2580, Fax 679-2611

Apparel

The 16-unit chain operates locations in MI and IN. The stores, selling family apparel for $10 or less at Max 10 stores and at traditional prices at Mr. B’s Wearhouse stores, occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in freestanding facilities, outlet and strip centers. Plans call for as many as five openings in the coming 18 months. Expansion will take place in northern IN and western MI. Leases running three to five years are typical.

The Cato Corporation

dba It’s Fashion!

Skip Severson

8100 Denmark Road

Charlotte, NC 28273-5975

704-554-8510, Fax 551-7594

Apparel

The 175-unit chain operates locations in AL, AR, FL, GA, LA, MS, NC, SC, TN, TX and VA. The stores, selling young men’s, women’s and children’s apparel at off price-points, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in strip centers. Plans call for 40 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running three years are typical.

Mister Neat’s Formalwear Inc.

dba Mister Neat’s Formalwear

Mark Burke

5677 Boeing Drive

Loveland, CO 80538-8811

970-667-4444, Fax 669-9226

Apparel

The 18-unit chain operates locations in CO and WY. The stores, offering tuxedo rentals and sales, occupy spaces of 1,000 sq.ft. to 2,400 sq.ft. in freestanding facilities, regional malls, specialty and strip centers. Plans call for as many as three openings in the coming 18 months. Expansion will take place in CO. Leases running 10 years are typical.

Reynolds Brothers Inc.

dba Reynolds Bros.

Mark Salaway

1000 Airport Road

Lakewood, NJ 08701

732-367-5600, Fax 367-3625

Apparel

The 14-unit chain operates locations in MD and NJ. The stores, selling women’s sportswear, dresses, suits and coats, occupy spaces of 7,000 sq.ft. to 15,000 sq.ft. in strip centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Plans call for as many as three openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 50,000 within three miles earning $60,000 as the average income. Leases running 10 years are typical.

A.C. Moore Arts & Crafts, Inc.

dba A.C. Moore Arts & Crafts

Alan Eichberg

500 University Court

Blackwood, NJ 08012

856-228-6700, Fax 228-0080

Arts/Crafts/Fabrics

The 41-unit chain operates locations in CT, DE, MD, MA, NJ, NY, PA and RI. The arts and crafts stores occupy spaces of 20,000 sq.ft. to 22,000 sq.ft. in power and strip centers. Growth opportunities are sought in the existing markets as well as in NC and SC. Leases running 10 to 15 years are typical and the company prefers turnkey deals.

Arkansas Craft Guild

dba Arkansas Craft Galleries

Mary Kay Vincent

PO Box 800

Mountain View, AR 72560

870-269-3897, Fax 269-3030

Arts/Crafts/Fabrics

The five-unit chain operates locations in AR. The stores, selling finished craft items, glass and pottery, occupy spaces of 1,500 sq.ft. in downtown store fronts and freestanding facilities. Growth opportunities are sought in Little Rock, AR.

Fabrics & Textile Warehouse, Inc.

dba Fabrics & Textile Warehouse

Sue Danielson

P.O. Box 450

Willmar, MN 56201

320-235-0985, Fax 235-0991

Arts/Crafts/Fabrics

The six-unit chain operates locations in the Midwestern and Western regions. The stores, selling fabrics and home decor items, occupy spaces of 8,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in IA, MN, ND, SD and WI. Preferred demographics include a population of 100,000 within 50 miles earning $30,000 as the average income.

Association of Logos Book Stores

dba Logos Bookstores

Maureen Cole

1949 State Route 59, Suite 203

Kent, OH 44240

330-677-8086, Fax 677-8049

e-mail: logosbook@aol.com

Books

The 29-unit chain operates locations in CA, CO, IL, IN, ME, MA, NY, NC, OH, PA, TN, TX, VA, WA, the Bahamas and Canada. The stores, specializing in books of theology, philosophy and inspiration as well as children’s books, occupy spaces of 1,800 sq.ft. to 8,000 sq.ft. in downtown store fronts, specialty and strip centers. Growth opportunities are sought nationwide. Preferred demographics include a population of 60,000 within five miles earning $40,000 as the average income. Leases running three to five years are typical.

PC Club

Jackson Lan

18357 East Gale Avenue

City of Industry, CA 91748

626-839-8080, Fax 839-8088

Computers

The 23-unit chain operates locations in AZ, CA and NV. The computer stores occupy spaces of 1,000 sq.ft. in strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place in OR and WA. Preferred demographics include a population of 100,000 within 25 miles earning $75,000 as the average income. Leases running five years are typical.

The Kroger Co.

dba Turkey Hill Minit Markets

William Weisser, Jr.

257 Centerville Road

Lancaster, PA 17603

717-299-8908, Fax 299-0519

Convenience Store

The 230-unit chain operates locations in PA. The convenience stores, which also sell gasoline, occupy spaces of 2,400 sq.ft. to 3,000 sq.ft. in freestanding facilities. Plans call for 15 openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 5,000 within one mile earning $40,000 as the average income. Leases running 30 years are typical.

Ottawa Oil Co., Inc.

dba One Stop, Party Mart, Courtview

Dennis Knott

10305 U.S. 224

Ottawa, OH 45875

419-523-6441, Fax 523-5568

Convenience Store

The 10-unit chain operates locations in OH. The convenience stores, which also sell gasoline, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 50,000 within five miles earning $40,000 as the average income.

Stein Mart

Andy Hofheimer

c/o Regency Realty Corp.

121 West Forsyth Street, Suite 200

Jacksonville, FL 32202

904-351-0616, Fax 354-3448

(Regency is tenant rep for sites East of the Mississippi River. David Darr of The Place, 210-525-0131, handles sites West of the river)

Department Store

The 205-unit chain operates locations in AL, AR, AZ, CA, CO, FL, GA, IL, IN, IA, KS, KY, LA, MS, NE, NV, NC, OH, OK, PA, SC, SD, TN, TX, VA and WI. The stores, selling better lines of clothing for the family as well as soft home goods and gifts, occupy spaces of 36,000 sq.ft. in regional malls and upscale community centers. Preferred co-tenants include supermarkets. Plans call for as many as 40 openings in the coming 18 months. Expansion will take place nationwide, exclusive of the Northern and Northeastern regions. Of particular interest are sites in Baltimore, MD; Chicago, IL, Philadelphia, PA and Washington, D.C. The chain will "jump markets" for the right deal and is "sensitive" to rents. Preferred demographics include trade areas having high incomes--areas are never to affluent. Regency Realty also represents Books-A-Million and handles site selection for Shoe Carnival on the Eastern Seaboard.

CVS

dba CVS Pharmacy

Frank Hall

One CVS Drive

Woonsocket, RI 02895

401-765-1500, Fax 770-2606

home page: www.cvs.com

Drug Store

The 4,100-unit chain operates locations East of the Mississippi River. The drug stores occupy spaces of 10,880 sq.ft. in freestanding facilities with a drive thru and parking for at least 60 cars. Plans call for as many as 450 openings in the coming 18 months. Expansion will take place East of the Mississippi River. Preferred demographics include a trade area population of at least 18,000. Leases running 20 years are typical.

Kolache Factory

John Banks

2929 Westhollow

Houston, TX 77082

281-497-7788, Fax 497-4056

Food

The 11-unit chain operates locations in TX. The food concept, specializing in Kolaches, a sweet doughball filled with meat, occupy spaces of 1,500 sq.ft. in freestanding facilities and strip centers. Plans call for at least six openings in the coming 18 months. Expansion will take place in the Dallas, TX market. Preferred demographics include a population of 50,000 within three miles earning $60,000 as the average household income. Leases running four years are typical and the company is franchising. Doughnut shops and McDonald’s are cited as competition.

Krispy Kreme Doughnut Corp.

dba Krispy Kreme Doughnut

Steve Jones

370 Knollwood Street, Suite 500

Winston-Salem, NC 27103

336-725-2981, Fax 733-3798

e-mail: sjones@krispykreme.com

home page: www.krispykreme.com

Food

The 200-unit chain operates locations in AL, AZ, CA, DE, FL, GA, IL, IN, IA, KS, KY, LA, MD, MI, MS, MO, NE, NV, NY, NC, OH, PA, SC, TN, TX, VA and WV. The doughnut stores occupy spaces of 3,000 sq.ft. in freestanding facilities and power centers. Plans call for as many as 30 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include 100,000 households within five miles earning $40,000 as the average household income. The company is franchising.

Dollar Discount of America, Inc.

dba Dollar Discount

Mitchell Insel

1362 Naamans Creek Road

Boothwyn, PA 19061

610-497-1991, Fax 485-6439

General Merchandise

The 120-unit chain operates locations in AL, CA, CT, DE, FL, GA, KY, MD, MI, MO, NJ, NY, NC, ND, OH, PA, SC, SD, TN, TX, VT, VA, WV, WI and WY. The dollar stores occupy spaces of 2,000 sq.ft. to 3,500 sq.ft. in freestanding facilities and strip centers. Preferred anchors include supermarkets. Plans call for 50 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 50,000 within five miles. Leases running seven to ten years, including options, are typical and the company is franchising.

Beauty Management, Inc.

dba Perfect Look Hair Fashion, Perfect Look Outlet

Michael Clark

270 South Beavercreek Road, Suite 100

Oregon City, OR 97045

503-723-3200, Fax 723-3232

Hair Salon

The 87-unit chain operates locations in AK, AZ, ID, OR and WA. The hair salons occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in regional malls, outlet, power and strip centers. Growth opportunities are sought in the existing markets as well as in MT, NV and UT. Leases running six to ten years are typical.

First Choice Haircutters Ltd.

dba First Choice Haircutters

John Wissent

6465 Millcreek Drive, Suite 210

Mississauga, ON L5N 5R6

905-821-8555, Fax 567-7000

e-mail: johnw@firstchoice.com

home page: www.firstchoice.com

Hair Salon

The 301-unit chain operates locations in FL, OH and Canada. The hair salons occupy spaces of 800 sq.ft. to 1,200 sq.ft. in anchored strip centers. Plans call for as many as 50 openings in the coming 18 months. Expansion will take place in FL and OH. The company is franchising.

Great Clips Inc.

dba Great Clips

Dean Wieber

3800 West 80th Street, Suite 400

Minneapolis, MN 55431

612-893-9088, Fax 893-2688

Hair Salon

The 1,340-unit chain operates locations nationwide and in western Canada. The hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in power and strip centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Growth opportunities are sought nationwide, exclusive of Boston, Detroit, Miami and the New York City tri-state area. Leases running five years are typical.

Rolling Pin Kitchen Emporium

James Nichols

3707 West Maple Road

Bloomfield Hills, MI 48301

248-642-6509, Fax 594-4294

Housewares

The 35-unit chain operates locations in AL, AR, FL, GA, IL, IA, KY, LA, NC, OH, SC, TN and VA. The stores, selling kitchen and cooking utensils, books, novelties and decorative accessories, occupy spaces of 1,600 sq.ft. to 3,000 sq.ft. in regional malls, specialty and strip centers. Preferred co-tenants include upscale fashion and high traffic retailers. Growth opportunities are sought nationwide. Preferred demographics include a population of 250,000 within 15 miles earning $50,000 to $55,000 as the average income. Leases running 10 years are typical and the company is franchising.

PetsMart Inc.

dba PetsMart

Rick Franz (East), Eric Termansen (West)

19601 North 27th Avenue

Phoenix, AZ 85027

602-580-6100, Fax 580-6512

Pet Supplies

The 485-unit chain operates locations throughout North America and internationally. The pet supply stores occupy spaces of 20,000 sq.ft. in power and strip centers with strong co-tenants. Plans call for 50 openings annually. Expansion will take place throughout North America. Leases running 10 to 15 years, with options, are typical.

Ritz Camera Inc.

dba Ritz Camera, Big Print 1 Hour, Kits Camera, Inkley’s Camera, The Camera Shop

Lawrence Ben Bassett

6711 Ritz Way

Beltsville, MD 20705

301-419-0000, Fax 419-2995

Photo

The 981-unit chain operates locations nationwide. The stores, selling cameras, photographic equipment and accessories and offering film processing services, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in downtown store fronts, power centers and regional malls. Growth opportunities are sought nationwide. Leases running five to ten years are typical.

Famous Brand Shoes

dba Famous Brand Shoes, Shoe Cents, Designer Shoe Outlet

Robert Brennan

8620 Olive Street

St. Louis, MO 63132

314-991-4120, Fax 991-2048

Shoes

The 35-unit chain operates locations in AL, AZ, IL, MO, OH and TX. The men’s and women’s shoe stores occupy spaces of 2,500 sq.ft. to 5,000 sq.ft. in strip centers. Plans call for as many as five openings in the coming 18 months. Expansion will take place in AZ, IL, MO and TX.

Fleet Feet, Inc.

dba Fleet Feet Sports

John Dennis

2311 J Street

Sacramento, CA 95816

916-557-1000, Fax 557-1010

Shoes

The 31-unit chain operates locations in CA, CT, GA, IL, KY, MD, MO, NV, NM, NJ, NC, OR, SC, TN, TX, VA, WA and Washington, D.C. The stores, selling sports-oriented shoes and apparel, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip centers. Growth opportunities are sought nationwide. The company is franchising and all stores are owned by franchisees. A store is slated to open next month in Duluth, GA.

The Great American Back Rub Stores

Ricardo Coia

c/o Darco International

4500 140th Avenue North, Suite 221

Clearwater, Fl 33762

727-532-4818, Fax 532-4737

Specialty

The 10-unit chain operates locations in NY, TX and Canada. The stores, specializing in massages, back rubs and stress relief products, occupy spaces of 750 sq.ft. in downtown store fronts, regional malls and strip centers. Growth opportunities are sought nationwide. Leases running five years, with two options of five years each.

Tractor Supply Co.

Stephen Hull

320 Plus Park Boulevard

Nashville, TN 37217

615-366-4600, Fax 366-4744

Specialty

The 272-unit chain operates locations in 26 states. The stores, selling farm, ranch and home supplies, occupy spaces of 20,000 sq.ft. to 27,000 sq.ft. in freestanding facilities and strip centers. Plans call for 30 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 50,000 within 15 miles earning $40,000 as the average income. Leases running 10 years are typical.

We’re Entertainment

J. Friedman

270 South Main Street

Flemington, NJ 08822

908-788-4201, Fax 788-4202

Specialty

The 36-unit chain operates locations in AL, AZ, CA, CO, CT, FL, GA, IN, MA, MO, MD, NC, NV, NY, OH, OR, PA, SC, TN, TX and VA. The stores, selling licensed apparel, accessories and gifts in an entertainment environment complete with funhouse mirrors and interactive attractions, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in regional malls, outlet and value centers. Plans call for as many as 25 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 375,000 to 675,000 within five miles. Leases running five to seven years, with options, are typical. The stores generate average sales of $330 psf or better.

Eagle Food Centers Inc.

dba Eagle Food Center

Larry Sanford

PO Box 6700

Rock Island, IL 61204

309-787-7700, Fax 787-7298

Supermarket

The 16-unit chain operates locations in IL, IN and IA. The supermarkets occupy spaces of 52,000 sq.ft. to 60,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing markets. Preferred demographics include a population of 40,000 within two miles earning $45,000 as the average income.

Food City Markets, Inc.

dba Food City Markets

Paul Berger

440 Sylan Avenue

Englewood Cliffs, NJ 07632

201-569-4849, Fax 569-4875

Supermarket

The five-unit chain operates locations in NY. The supermarkets occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding facilities and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in the New York City metropolitan market.

 

Space Place

California

Buena Park- Buena Park Mall is anchored by Sears and JC Penney. The 1.2 million sq.ft. project is undergoing a major redevelopment and anchor positions are available for lease. Also in Buena Park- Buena Park Marketplace is anchored by Circuit City. The 300,000 sq.ft. project has anchor positions and restaurant outparcels available for lease. The site is located across from Buena Park Mall. In Colton- Plaza Las Glorias is anchored by Farm Fresh Market, Rite Aid, Factory 2U and Peter Piper Pizza. The 143,060 sq.ft. project has junior anchor positions and pad sites available for lease. In Diamond Bar- Diamond Creek Village is anchored by Albertson’s, PetsMart and Jo-Ann Fabrics. The 122,475 sq.ft. project has junior anchor positions available for lease. In Garden Grove- Harbor Town & Country is anchored by Max Foods, Rite Aid, Pic ‘n Save and Hollywood Video. The 207,898 sq.ft. project has anchors positions and a freestanding building available for lease. In City of Industry- Puente Hills East is anchored by Target, Mervyn’s, Kids ‘ R Us, The Good Guys, Mann Theaters, Pep Boys, Levitz, Red Lobster, Olive Garden, Chili’s, Home Town Buffet and Drug Emporium. The 1.26 million sq.ft. project has anchor positions and restaurant pad sites available for lease. In Los Angeles- Franciscan Metro Center is anchored by Costco and Toys ‘R Us. The 280,000 sq.ft. project has anchor positions and restaurant outparcels available for lease. In Thousand Oaks- Janss Marketplace is anchored by Sears, Mervyn’s, Marshalls, Toys ‘R Us, Linens ‘N Things, Mann Theaters, Old Navy, Rite Aid and TGI Friday’s. The 660,000 sq.ft. project has restaurant and entertainment spaces available for lease. Also in Thousand Oaks- Kmart Shopping Center is anchored by Kmart. The 109,000 sq.ft. project has junior anchor and restaurants spaces available for lease. In Yorba Linda- Bryant Ranch Center, a 94,631 sq.ft. supermarket/drug store anchored project, has a 45,000 sq.ft. space available for lease.

For details, contact The Festival Companies at (800-800-1816), Fax (310-264-9910), home page (www.festivalcos.com).

Chino Hills- Chino Hills Marketplace is anchored by Lucky, Rite Aid, Kmart, Conroys and Wherehouse. The 324,000 sq.ft. project has space available for lease. Demographics include a 1.5 mile population of 24,339 earning $76,018 as the average household income.

For details, contact Christine Jensen of GMS Realty, LLC at (909-393-8082), Fax (393-1594).

Corona- McKinley Crossroads is anchored by Dunn-Edwards and 24 Hour Fitness. The project has spaces from 3,432 sq.ft. to 50,000 sq.ft. available for lease. Neighboring retailers include Costco, Home Depot and Wal*Mart. In San Dimas- San Dimas Stations and Foothill Village are anchored by REI, Cost Plus, Applebee’s, Denny’s, Carl’s Jr. and Del Taco. The 147,973 sq.ft. sq.ft. and 83,327 sq.ft. projects, located across from one another, have spaces from 640 sq.ft. to 57,000 sq.ft. available for lease. Demographics include a five-mile population of 290,000 earning $65,000 as the average household income.

For details, contact Craig Cameron or Jill Howard of ITC Real Estate Group at (949-450-0100).

Diamond Bar- Country Hills Towne Center is anchored by Regal Theaters, Rite Aid, KFC, Clothestime, GNC and Radio Shack. The project has spaces from 573 sq.ft. to 25,600 sq.ft. available for lease.

For details, contact the City of Diamond Bar at (888-777-CITY).

Diamond Bar- A 20,500 sq.ft. freestanding former LA Fitness Sports Clubs space is available for lease. Demographics include a two-mile population of 39,000 earning $87,000 as the average household income.

For details, contact Dennis Hogan of LA Fitness Sports Clubs at (949-509-2557).

Fontana- Inland Empire Center is anchored by Edwards Cinema, Toys ‘R Us, Kids ‘R Us, 24 Hour Fitness, Big 5 Sporting Goods, Pep Boys and Petco. The project has a 49,000 sq.ft. space available for lease. Demographics include a three-mile population of 105,639 earning $39,643 as the average household income.

For details, contact Grubb & Ellis at (909-605-1100), Fax (390-8645) or at (949-833-2900), Fax (833-8037).

Moreno Valley- Canyon Springs Plaza is anchored by Toys ‘R Us, Pier One Imports, Sears HomeLife and Southern Cal Cinemas. The project has a 22,010 sq.ft. former Kids ‘R Us location available for lease. Demographics include a three-mile population of 84,565 earning $57,082 as the average household income. In Yorba Linda- A 45,000 sq.ft. former Ralphs Market is available for lease. Demographics include a three-mile population of 57,364 earning $84,334 as the average income.

For details, contact Lori Gast of Pentz & Partners, Inc. at (949-756-1022), Fax (756-1023).

San Pablo- Princeton Plaza is anchored by Raley’s Supermarket, Sylvan Learning Center, McDonald’s and KFC. The 114,000 sq.ft. project has inline spaces of 1,200 sq.ft. and 2,200 sq.ft., as well as a 4,000 sq.ft. former restaurant space with equipment, available for lease.

For details, contact Rodney Roller of Pacific Realty Holdings Inc. at (510-208-7000).

Thousand Oaks- The Oaks is anchored by JC Penney, two Robinson-May stores and two Macy’s stores. The 1.084 million sq.ft. project has space available for lease. Demographics include a trade area population of 339,711 earning $85,673 as the average household income.

For details, contact TrizecHahan at (619-546-3222), home page (www.trizechahn.com).

Walnut- Mt. San Antonio Center is anchored by Starbucks and Quizno’s. The project has spaces from 985 sq.ft. to 1,580 sq.ft. available for lease.

For details, contact Mike Wyant of Wyant & Associates at (310-640-9575).

Woodland Hills- A 30,500 sq.ft. former Bed Bath & Beyond space is available for lease. The site fronts Ventura Boulevard and is part of an eight-acre shopping center.

For details, contact Terry Michaelson of Michaelson Commercial Real Estate at (818-348-0446), e-mail (tmichaelson@earthlink.net).