February 4, 2000
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The Dealmakers Issue Number 4 for the week of February 4, 2000

Drug Stores Looking To Expand Nationwide

Medicap Pharmacies Inc. trades as Medicap Pharmacy at 154 locations nationwide. The drug stores occupy spaces of 1,500 sq.ft. in freestanding facilities, specialty and strip centers. Freestanding units require a land area of 15,000 sq.ft. Preferred anchors include supermarkets and medical buildings. Plans call for 30 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 10,000 within two miles. Leases running at least five years and turnkey are typical and the company is franchising. The chain’s customer profile is the 50+ age range earning middle to low incomes.

For more information, contact John Pittarelli, Medicap Pharmacies Inc., 4700 Westown Parkway #300, West Des Moines, IA 50266-6730; 515-224-8400, Fax 224-8415, home page www.medicaprx.com.

Aurora Health Care trades as Aurora Pharmacy at 87 locations in WI. The drug stores occupy spaces of 650 sq.ft. to 1,000 sq.ft. in freestanding facilities, strip centers and medical buildings. Preferred anchors include supermarkets. Plans call for 12 openings in the coming 18 months. Expansion will take place in Eastern WI. Leases running five years, with two options of five years each are typical, as is a vanilla shell. The company cites Kmart, Osco, Walgreens and Wal*Mart as competition.

For more information, contact Dennis Rokowski, 3000 West Montana Street, Milwaukee, WI 53215-3628; 414-647-3023, Fax 647-3494.

Gresham Drugs, Inc. trades as Gresham Drugs and Gresham & Son Health Care at 11 locations in FL. The drug stores occupy spaces of 2,000 sq.ft. in freestanding facilities, strip centers and medical buildings. Growth opportunities are sought in FL. Leases running five years are typical.

For more information, contact Steve Gresham, Gresham Drugs, Inc., 3210 SW 40th Boulevard, Gainesville, FL 32608; 352-338-6266, Fax 335-0342.

Patterson Drug Inc. trades as Patterson Drug and Pioneer Drug at four locations in CA. The drug stores occupy spaces of 10,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing market. Leases running five years are typical. The company owns three of its locations.

For more information, contact Andrew Barasamian, Patterson Drug Inc., 47 Del Puerto Avenue, Patterson, CA 95363; 209-892-6182, Fax 892-4487.

Albertsons does business as Sav-On at 300 locations in AZ, CA and NV. The drug stores occupy spaces of 15,000 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing markets. The company prefers to own its locations, but does sign leases running 25 years, with options.

For more information, contact Monte Conrad, Albertsons, 6565 Knott Avenue, Buena Park, CA 90620-1158; 714-739-6738, Fax 739-6744.

Discount Drug Mart operates 47 locations in OH. The deep discount drug stores occupy spaces of 25,000 sq.ft. in freestanding facilities and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place in the existing market. Leases running 15 years are typical.

For more information, contact Bill Malin, Discount Drug Mart, 211 Commerce Drive, Medina, OH 44256; 330-725-2340, Fax 722-2990.

McAuley Pharmacy operates eight locations in MI. The drug stores occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in specialty and strip centers as well as medical buildings. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 10,000 within three miles earning at least $30,000 as the average income. Leases running five to fifteen years are typical.

For more information, contact Raymond Grzegorczyk, McAuley Pharmacy, 3075 Clark Road, Suite 108, Ypsilanti, MI 48197; 734-712-4011, Fax 712-3848.

Thrifty White Stores trades as Thrifty Drug and White Drug Stores at 50 locations in IA, MN, MT, ND, SD and WI. The drug stores occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets. Leases running five to seven years are typical.

For more information, contact Bob Narveson, Thrifty White Stores, 10700 Highway 55, Minneapolis, MN 55441; 612-513-4300, Fax 513-4380.

 

New Construction

Pacific Development Group is developing phase II of Plaza Pacifica in San Clemente, CA. The 450,000 sq.ft. project will be anchored by a 57,000 sq.ft. Albertson’s supermarket, which recently purchased a 6.5 acre parcel of land at the center. An early 2001 opening is planned. Phase I of the project, which is located at the intersection of Avenida Pico and La Pata, is anchored by Wal*Mart, which opened during October. Other tenants include Taco Bell, Carl’s Jr. and El Pollo Loco. Lowe’s Home Improvement and Mobil Oil are currently in escrow and scheduled to close during the first quarter. Negotiations are ongoing with Michaels, TJ Maxx, Big 5 Sporting Goods, Famous Footwear and Payless ShoeSource. Plaza Pacifica’s trade area includes the growing communities of San Clemente, Dana Point and San Juan Capistrano and there are four master-planned communities surrounding the center which will bolster San Clemente’s population to over 60,000 upon build-out.

For more information, contact Cameron Crowner of CB Richard Ellis at (714-939-2233).

Koll Development Co. recently commenced vertical construction on Flatiron Marketplace in Broomfield, CO. The 70-acre project will feature up to one million sq.ft. of retail, restaurant, hotel and office components upon build-out. Koll purchased the vacant land parcel, located on the southeast corner of U.S. Highway 36 and 96th Street from Midland Group for an undisclosed amount in July 1999. Koll’s partner on the project is Prudential Real Estate Investors and construction financing is being provided by Bank One. Infrastructure work on the $110 million project has been ongoing and phase one will feature a 444,371 sq.ft. lifestyle-oriented retail and restaurant center as well as a 240,000 sq.ft. hotel district entitled for up to 450 rooms. Anticipated retailers at the project include Nordstrom Rack, Linens ‘n Things, Best Buy and The Great Indoors, along with several other home accessories and home furnishings showrooms, apparel retailers and an office supply store. Restaurants slated to open include Claim Jumper, Bahama Breeze, Mimi’s Cafe, Buca di Beppo, Red Lobster and Wahoo’s Fish Tacos. The project will serve as "the gateway" to the 950-acre Interlocken Advanced Technological Environment business park and is located near Westcor’s FlatIron Crossing Mall, which is anchored by Nordstrom, Dillard’s, Foley’s and Lord & Taylor. upon its completion, Flatiron Marketplace, which is expected to open late this year, is expected to generate more than $3 million annually in city sales tax revenue. Flatiron Marketplace reflects Koll’s continuing expansion and investment campaign in CO. In August, the company completed construction of Koll Peoria Center, a 592,400 sq.ft. distribution facility in Denver and most recently, the company broke ground on Koll Centennial Center, a 275,000 sq.ft. office/warehouse project in Arapahoe County. In addition, the company teamed up with Land Securities Investors, LLC to jointly develop the 100-acre Jefferson Corporate Center, along with a 16-acre neighborhood retail center, in Jefferson County. Collectively, these CO-based projects brings Koll’s investment to nearly $300 million in the last two years.

For more information, contact Allen Lampert of CB Richard Ellis, the leasing and marketing agent, at (720-528-6349).

The Festival Companies is developing Escondido Pavilion at the intersection of I-15 and West Valley Freeway in Escondido, CA. The 300,000 sq.ft. project is located across from Escondido Promenade which is anchored by Target, Mervyn’s, Toys ‘R Us, T.J. Maxx, Staples, Pier 1 and Strouds. Spaces are available for lease and an early 2001 opening is planned for the power center.

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

G.J. Grewe Inc. is developing Gravois Bluffs Shopping Center in Fenton, MO. The 1.5 million sq.ft., $200 million project, located at the intersection of Highway 30 and Highway 141, will be anchored by Lowe’s Home Improvement, Shop ‘N Save and Kohl’s in phase I. Phase II will have office space and additional retail and phase III is expected to add a 20-screen movie theater, restaurants and more office space. Gravois Bluffs is the most heavily subsidized shopping center ever built in St. Louis County. Grewe received $37 million in tax-increment financing from Fenton. The company said that it needed the special financing because of the expense of blasting away nearby craggy bluffs and building roads. The 280-acre project is believed to be one of the largest private excavating projects in Missouri’s history. Earth and rock excavation for the 90-acre first phase totals slightly more than four million cubic yards with 3.2 million yards of that being rock. To make way for the center, Saline Road was closed, which has upset many county residents. Excavation is expected to be completed during May and the first tenants are expected to open during August.

For more information, contact G.J. Grewe at (314-962-6300).

 

Buyers & Sellers

N.E. Cohen and Associates has the listing to sell a portfolio of five grocery store anchored shopping centers in the Southern region. Assumable financing is possible.

For more information, contact Nat Cohen at (214-373-1159), Fax (369-9046).

CB Richard Ellis has the listing to sell a pad site at a 100% occupied Wal*Mart anchored shopping center in Yucca Valley, CA. The site can accommodate up to a 40,000 sq.ft. building. Other tenants at the project include JC Penney, Stater Bros., Hollywood Video, Pizza Hut and Jack in the Box. The seller will finance, ground lease or build-to-suit.

For more information, contact Thom Gottberg at (760-341-0918) or Maggie Montez at (760-341-2272).

H. Stephen Kirschner, Inc. has the listing to sell a portfolio of 7-11 stores, many with gas stations, nationwide. The tenants have NNN leases with rental increases during the option periods. The stores may be purchased individually or in groups and financing is available. The company also has the listing to sell a 200,000 sq.ft. shopping center in KY. The project is anchored by Wal*Mart and is offered at a 9.5% cap rate.

For more information, contact H. Stephen Kirschner at (516-595-9595).

Coldwell Banker Commercial Chen & Associates has the listing to sell Randall’s South Shore Harbour Center in Houston, TX. The 86,546 sq.ft. project is anchored by Randall’s Food Market, GNC, Mail Boxes, Etc. and Arby’s. The asking price is $10.421 million at an 8.3% cap rate.

For more information, contact Kevin Nolan at (281-480-5151), Fax (486-2066).

I.C.A. Realty Corp. has the listing to sell a RoomStore in Columbia, MD. The 40,753 sq.ft. store is located at a power center anchored by Target, Toys ‘R Us, Staples, Jo-Ann Fabrics, Dick’s Sporting Goods, Borders, Old Navy and CompUSA. The tenant has a 20-year absolute net lease, with four options of five years each. There are no landlord responsibilities. The asking price is $5.311 million. RoomStore is a division of Heilig-Meyers.

For details, contact James Dwoskin at (212-889-8730), Fax (889-9007).

Palmer & Cay Properties, Inc. has the listing to sell a 37,965 sq.ft. Linens ‘N Things store on 4.4 acres in Jupiter, FL. The asking price is $5.1 million. The company also has the listing to sell the 44,000 sq.ft., 100% occupied, Phenix City Marketplace in Phenix City, AL. The asking price is $4.8 million or $109.09 psf.

For more information, contact Charles Stewart at (912-234-8033).

Property Solutions represents a client in the market to acquire retail centers of 25,000 sq.ft. to 300,000 sq.ft., vacant land or single tenant properties in IL, IN, MI, OH and WI. The client prefers value added opportunities that require lease-up, capital infusion and/or tenant improvements. Partially leased, vacant properties or situations with sizeable lease rollover in the next 12 months will be considered. The client is a cash purchaser.

For more information, contact Len Schlanger at (708-380-7797), Fax (847-697-3373), e-mail (schlangen@usa.net).

Marcus & Millichap has the listing to sell a 4,620 sq.ft. Texaco gas station that also contains a convenience store that has been co-branded with Subway, Popeyes Chicken and TCBY Yogurt in Riverside, CA. The asking price is $3.25 million or $703 psf at an 8.49% cap rate. The company also has the listing to sell a 6,800 sq.ft. Hollywood Video store in Upland, CA. The asking price is $1.648 million or $242 psf. The site is near Max Food, Sav-On and Edwards Cinema.

For more information, contact Donald Emas or Kevin Boeve at (909-605-1800).

Diversified Holdings Ltd. is in the market to acquire retail properties in OH and neighboring states with a secondary focus of properties in FL. Preferred properties should be priced in the $2 million range with cap rates of 10%, depending on upside potential.

For more information, contact David Bromley at (330-873-1332), Fax (873-1348), e-mail (wbrewbre@aol.com).

McLane Investment Co. has the listing to sell 5.23 acres of land at the intersection of US Highway 67 and US Highway PP in Poplar Bluff, MO. The land sits at the south end of a 183,000 sq.ft. shopping center and is bordered by Burger King and KFC.

For more information, contact David Donley at (573-339-0488), e-mail (djdonley@commercialspecialist.com).

Meredith Suites Management has the listing to sell a 64,700 sq.ft. anchor building on 6.3 acres at Southtown Mall in Fort Wayne, IN. The site was formerly occupied by Kohl’s who is on the lease until January 31, 2001. The base rent is $236,450 and the NOI is $226,450. The asking price is $750,000.

For more information, contact Bakul Modi at (919-460-8504), Fax (481-4191), e-mail (bakulmm@yahoo.com).

Air-Land Survey, Inc. has the listing to sell 1.73 acres of land in Clarkston, MI. The site fronts I-75 and is located 1000 feet north of a proposed Holiday Inn adjacent to Bill Knapps. Clarkston is located in the second richest per capita county in the country. The asking price is $550,000.

For more information, contact Kelly Stonerock at (810-636-3240), Fax (762-6801), e-mail (kellystonerock@aol.com).

Heatley Capital Corporation has the listing to sell 5.45 acres of land in Dallas, TX. The site is located three blocks from the intersection of Loop 12 and Spur 408 and across from Mountain View College. All utilities are available.

For more information, contact Mike Heatley at (214-220-9617), Fax (972-402-8385).

John D. Miller Real Estate has the listing to sell a 6,499 sq.ft. Hideway Restaurant at Country Square Shopping Center in Sedona, AZ. The asking price is $1.225 million at a 9.26% cap rate.

For details, contact Scott Anderson at (520-282-5527).

Wood Properties has the listing to sell a 10.4 acre development site in Port St. Lucie, FL. The land has 489 feet of frontage on U.S. Highway 1 at a signalized corner intersection with median turn lanes. The site is ideal for retail, restaurant or other commercial uses. All utilities are on site and the land is divisible.

For more information, contact Robert Wood at (561-659-6996), Fax (659-0256), e-mail (rwood116@aol.com).

Magnum Realty, Inc. has the listing to sell a Dillon’s Grocery Store on 4.6 acres in Winfield, KS. The asking price is $2.325 million and financing is available. Kroger company is the lease guarantor

For more information, contact Joseph Kutilek at (402-558-2200), Fax (558-1998), e-mail (magnumre@aol.com).

 

Who’s Opening & Where

Fred Meyer, Inc. (503-797-3450) submitted plans to the city of Gig Harbor, WA for a 140,000 sq.ft. store on 26 acres. The plan received a cool reception by officials who feel that the store is too big for the area and the zoning for the site allows for a maximum of 35,000 sq.ft. to be built. If built, the store would be the largest retail outlet in Gig Harbor. The plans for the store have been scaled down from 163,000 sq.ft. The site is the same location on which Wal*Mart had proposed to build a 133,000 sq.ft. store, but later abandoned after meeting heavy opposition from nearby residents.

Famous Dave’s of America, Inc. (612-557-5798) recently acquired four Red River Barbeque & Grille restaurants in Annapolis, Columbia and Fredrick, MD and in Woodbridge, VA. Famous Dave’s plans to convert the restaurants to its name and concept and believes it can develop as many as ten additional restaurants in the market. The company operates 28 full service and counter style restaurants and blues clubs in MN, WI, IA, IL, NE, MD and VA. The company plans to open six restaurants this year. www.famousdaves.com

Pizza Inn, Inc. (972-701-9955) and the Pojoaque Pueblo Enterprise Corporation recently commenced construction of the first Pizza Inn restaurant located in the Pojoaque Pueblo community, 15 miles west of Santa Fe, NM. The corporation currently owns and operates a casino, hotel and an entertainment and retail shopping center. Pizza Inn will be the first foodservice franchise operated by the Pojoaque Pueblo Enterprise Corporation. Pizza Inn is the franchisor and food distributor for 499 Pizza Inn locations nationwide and in 14 foreign countries. www.pizzainn.com

Shoe Carnival, Inc. (812-867-6471), which exceeded its store opening goal for 1999 by opening 29 stores, plans to open as many as 35 stores this year. Currently, the company operates 139 shoe stores in the Midwestern and mid-Southern regions. www.shoecarnival.com

Montana Mills Bread Co. (716-248-2280) plans to open a store on Main Street in East Aurora, NY. The company’s interest in East Aurora follows its recent openings late last year of a store in Clarence and the opening last June of a store in Hamburg. The East Aurora store, when opened, will give the company 11 stores in the Buffalo and Rochester regions. The company is also on a push to open stores outside of the western NY area and recently opened its first store in Syracuse. A second store in Syracuse is planned and a store in Albany is planned to open late this year.

H-E-B (713-329-3004) plans to open a Central Market store in Houston, TX during 2001. It will be the company’s fourth Central Market concept store. The first unit opened in Austin six years ago and is a radical departure from a traditional supermarket. The store, which is more like a farmers’ market, offers fresh-from-the-farm produce, 450 varieties of cheese, 50 types of fresh baked bread a 75 foot long fresh fish counter. Name brand items cannot be found and nonfood items are not carried. The store will be built on an 8.3 acre tract of land formerly used for the TV studios of Channel 26 and the Kip’s Big Boy restaurant. The store is expected to occupy between 65,000 sq.ft. and 70,000 sq.ft., which is much larger than a traditional H-E-B Pantry Foods store of 25,000 sq.ft.

Trend-Lines, Inc. (617-853-0900) recently opened two Golf Day stores and one Woodworkers Warehouse store, and closed one wood working store. Trend-Lines is a specialty retailers of woodworking tools and accessories sold through its nationally distributed Trend-Lines mail order catalog and through 120 Woodworkers Warehouse retail stores in New England, NY, NJ, DE and PA, as well as 28 Post Tool stores located in CA and NV. The company is also a specialty retailer of golf equipment and supplies sold through its nationally distributed Golf Day mail order catalog and through 80 Golf Day retail stores in New England, NY, NJ, DE, PA and CA.

CVS (401-765-1500) is looking to develop a freestanding drugstore in Charles Village, MD, but is running into heavy opposition from residents trying to prevent the demolition of six century-old rowhouses that will have to be razed to make way for the store. Four buildings have already been demolished for the store’s parking lot. CVS has the right to demolish the buildings, but the residents opposed to the demolition plan to file a lawsuit anyway. The residents’ group maintains that Charles Village has been designated a parking-lot district, which means buildings cannot be razed and parking lots constructed without an ordinance signed by the mayor and council.

Home Depot (770-433-8211) plans to open a 111,000 sq.ft. store at a former Builders Square store in Niagara Falls and a 108,000 sq.ft. store at a former Builders Square location in Hamburg, NY during Summer. The company is reportedly looking to add a third store in the market and is said to be focusing on a site in Cheektowaga. In other news, the company is planning to open a store at a shopping center in Overland Park, KS during Fall. The store will co-anchor the center with Sam’s Club.

Gander Mountain (612-830-8700) plans to open a 30,750 sq.ft. store, between an OfficeMax store and a Best Buy store, near an REI store, in Madison, WI. The store requires approval by Richard E. Jacobs Group, owner of the West Towne Mall and surrounding property. No zoning change is required.

Target (612-304-6099) plans to open a 155,360 sq.ft. store at a former Fedco site near Los Cerritos Center in Cerritos, CA. It will be the company’s second store in Cerritos.

Kohl’s Corp. (414-703-7000) plans to open 38 stores during the first quarter of 2000, including 33 stores previously operated by Caldor in CT, MD, NJ and NY. Overall, the company is looking to open as many as 60 stores this year; four additional stores in the Dallas/Fort Worth, TX market and a store in Rochester, MN as well as fill in sites throughout the Midwestern and Mid-Atlantic markets.

A 160,680 sq.ft. Menards (715-874-5911) and a 121,165 sq.ft. Home Depot store are expected to open in Germantown, WI this year. The Home Depot store will be located just up the road from the Menomonee Falls border, which rejected a Home Depot store.

Walgreens (847-940-2500) plans to open a drug store in Germantown, WI. The store has been designed with a clock tower and a stone archway above the entrance to fit in with the area’s architecture. The company also plans to develop a freestanding store with a drive thru on a former Mark C. Bloome tire shop in La Habra, CA. Plans for La Habra include a drive thru and a pylon sign up to 25 feet tall.

 

To The Editor

Just wanted you to know how much I have always empathized with your "My Ways" and the January 7 issue just kind of touched me with the last sentence of how those of us that have been around a while are not as exciting as we once were, but now we know what we’re doing.

You and I first met back in the early ‘70s where I was hawking a location for United Skates of America in New Rochelle or Mamaroneck or some such place. Every now and then we bump into each other at a convention but aside from sharing some stories and finding out who’s still kicking, we unfortunately haven’t had much time to work together.

Anyhow, I’m one of the "old timers" that still believe, as you do, in courteously returning every phone call and foot canvassing for the best local tenants. Technological advances in leasing are great time savers, but the basics still transcend effective deal making.

So I was just waxing nostalgic for the moment and decided to enjoy a catharsis by emailing you. Hope you have a great New Year and I’m sure we both have many more fruitful and profitable years left in us.

Doug Rice, Leasing Rep.

Edens & Avant

PO Box 528

Columbia, SC 29202

803-779-4420

dougr@edensandadvant.com

Convenience Stores Expanding Nationwide

Midjit Market Inc. trades as Green Valley Grocery at 21 locations in NV. The convenience stores, which also sell Shell gasoline, occupy spaces of 3,000 sq.ft. in freestanding facilities on a land area of 50,000 sq.ft. Preferred co-tenants include fast food restaurants. Plans call for five openings in the coming 18 months. Expansion will take place in southern NV. Leases running at least 10 years are typical and the company cites Arco and 7-11 as competition. The company is the Shell jobber for southern NV.

For more information, contact Richard Crawford, Midjit Market Inc., 8915 West Twain Avenue, Las Vegas, NV 89103; 702-367-0056, Fax 367-9838.

Wooten Oil Company trades as Kwik Mart at three locations in NC. The convenience stores, which also sell gasoline, occupy spaces of 800 sq.ft. to 3,500 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing market. Preferred demographics include a population of 5,000 within three miles earning $20,000 as the average income. Leases running 30 years are typical. At one time, the company operated 24 stores and later sold a number of units to Pantry.

For more information, contact S. Dillon Wooten, Wooten Oil Company, PO Box 858, Goldsboro, NC 27533-9858; 919-734-1357, Fax 735-4677.

West Oil, Inc. does business as The Markette and Bullets at 19 locations in NC and SC. The convenience stores occupy spaces of 2,000 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 markets.

For more information, contact A.C. West, Jr., West Oil, Inc., PO Box 729, Hartsville, SC 29551; 843-332-2201, Fax 383-0190.

Stewart’s Ice Cream Co., Inc. trades as Stewart’s Shops at 296 locations in NY and VT. The convenience stores, which also sell gasoline, occupy spaces of 2,400 sq.ft. in freestanding facilities. Plans call for as many as 15 openings in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Jennifer Howard or Tom Lewis, Stewart’s Ice Cream Co., Inc., PO Box 435, Saratoga Springs, NY 12866; 518-581-1200, Fax 581-1209.

Uncle Neal’s Country Convenience Stores operates six locations in NE. The convenience stores occupy spaces of 900 sq.ft. to 3,000 sq.ft. in freestanding facilities. Plans call for three openings in the coming 18 months. Expansion will take place in the existing market. Preferred demographics include a population of 2,000 within one mile earning $27,000 as the average income. The company prefers to own its locations but does sign leases running three to five years, with options. The company also trades as Smokin Discount Outlet, which only sells cigarettes. Plans call for one opening of this concept.

For more information, contact Neal Hoff, Uncle Neal’s Country Convenience Stores, 305 North Hastings #201, Hastings, NE 68901-5147; 402-462-2700, Fax 462-2963.

Conoco Inc. trades as Conoco at 50 locations in IA, KS, MN, MO, NE, ND, OK and SD. The convenience stores, which also sell gasoline, occupy spaces of 3,500 sq.ft. in freestanding facilities. Growth opportunities are sought in KS, MO, NE and OK.

For more information, contact Mahmoud Alissa, Conoco Inc., (mid-continent region), 10540 Marty, Suite 170, Overland Park, KS 66212; 913-385-2210, Fax 385-2246.

Par Mar Oil Company, Inc. trades as Par Mar Stores at 16 locations in OH and WV. The convenience stores, which also sell gasoline, occupy spaces of 2,200 sq.ft. to 4,000 sq.ft. in freestanding facilities. Growth opportunities are sought in southeastern OH and WV. Leases running 10 to 15 years are typical and the company prefers a vanilla shell and turnkey deals.

For more information, contact William Hollister, Par Mar Oil Company, Inc., 105 Alta Street, Marietta, OH 45750; 740-373-7406, Fax 373-6854.

Kocolene Marketing Corp. trades as Fast Max at 71 locations in KY, IN and OH. The convenience stores, which also sell gasoline, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in freestanding facilities in a land area of 200 x 200. Plans call for the opening of four units in the coming 18 months. Expansion will take place in the existing markets.

For more information, contact Robert Myers, Kocolene Marketing Corp., 725 East Tipton Street, Seymour, IN 47274-3561; 812-522-2224, Fax 522-6264, e-mail rmyers@kocolene.com.

Real Estate Professionals Making News

Goldman Retail Associates (310-235-0444) announces that Kim Sims has been promoted to vice president of leasing. In her new position, Sims will remain responsible for all leasing activities, including exclusive representation of Rite Aid’s surplus properties as well as Panda Express’ and Clothestime’s expansion throughout the Los Angeles, CA market.

Brandywine Realty Trust (610-325-5600) announces the appointment of Jeffrey Weinstein as vice president of construction. In his new position, Weinstein will be responsible for direction of construction operations of the company including tenant fit-up and new building construction. Prior to joining Brandywine, Weinstein was with Matrix Development Group, Inc. where he most recently served as vice president, commercial construction.

 

Food Tenants Hungry for Sites Nationwide

The Melting Pot Restaurants Inc. trades as Melting Pot Restaurant at 45 locations in AZ, CO, DE, FL, GA, IL, IN, MD, NC, OH, PA, SC, TN, TX, VA and WA. The full-service restaurants, offering a fondue based menu, occupy spaces of 5,000 sq.ft. in freestanding facilities and specialty centers. Preferred co-tenants include upscale retailers. Growth opportunities are sought in metropolitan markets throughout MN, MO, NV, NJ, PA, TX, UT, VA, WA, WV, WI and Washington, D.C.

For more information, contact Mark Johnston, The Melting Pot Restaurants Inc., 8406-G Benjamin Road, Tampa, FL 33634-1206; 813-881-0055, Fax 889-9361.

United States Beef Corp. does business as Arby’s at 190 locations in AR, KS, MO and OK. The fast food restaurants, specializing in roast beef sandwiches, occupy spaces of 800 sq.ft. to 3,500 sq.ft. in freestanding facilities, regional malls and strip centers. Growth opportunities are sought in the existing markets. Leases running 20 years are typical.

For more information, contact John Davis, United States Beef Corp., 4923 East 49th, Tulsa, OK 74137; 918-665-0740, Fax 664-2108.

Restaurant Systems International operates several concepts, one of which trades as Bananas at 76 locations nationwide. The concept, offering specialty juice drinks, occupies spaces of 300 sq.ft. to 400 sq.ft. in regional malls, outlet and power centers. Plans call for the opening of four units in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical and the company is franchising.

South Philly Steak & Fries operates 14 locations along the East Coast. The restaurants, serving cheesesteaks and French fries, occupy spaces of 750 sq.ft. in downtown store fronts, regional malls, outlet and power centers. Plans call for six openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical and the company is franchising.

Treat Street is comprised of 17 locations nationwide and internationally. The concept, offering yogurt, ice cream, frosties and smoothies, occupy spaces of 300 sq.ft. to 400 sq.ft. in downtown store fronts, regional malls, outlet and power centers. Plans call for 10 openings in the coming 18 months. Expansion will take place both domestically and internationally. Leases running 10 years are typical and the company is franchising.

The company also trades as Greenleaf’s Grille at six locations in MO, NJ, NY and Washington, D.C. The restaurants, serving salads, grilled chicken wraps and yogurt, occupy spaces of 600 sq.ft. to 1,200 sq.ft. in downtown store fronts, freestanding facilities, regional malls, power, specialty and strip centers. Plans call for eight openings in the coming 18 months. Expansion will take place nationwide. Leases running eight to ten years are typical and the company is franchising.

For more information on the above four concepts, contact Steve Beagleman, Restaurant Systems International, 1000 South Avenue, Staten Island, NY 10314; 718-494-8888, Fax 494-8776.

Treats Canada Corporation trades as Treats International at 150 locations in DE, FL, IL, Washington, D.C. and Canada. The cafes, serving baked goods and gourmet coffee, occupy spaces of 200 sq.ft. to 1,200 sq.ft. in downtown store fronts, freestanding facilities and regional malls. Preferred anchors include Kmart, Lord & Taylor, T.J. Maxx and Wal*Mart. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical and the company is franchising.

For more information, contact John Deknatel, Treats Canada Corporation, 418 Preston Street, Ottawa, ON K1S 4N2; 613-563-4073, Fax 563-1982, e-mail deknatel@treats.com, home page www.treats.com.

Asian Concepts Inc. trades as Mark Pi’s Chinese Restaurant at 42 locations in KY, IN, MI, MO, MT and OH. The restaurants, serving Asian cuisine, occupy spaces of 400 sq.ft. to 7,000 sq.ft. in freestanding facilities, regional malls and strip centers. Plans call for as many as nine openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 25,000 within one mile earning $45,000 as the average income. Leases running 10 years are typical and the company is franchising.

For more information, contact Mark Pi Jr., Asian Concepts Inc., 3960-G Brown Park Drive, Hilliard, OH 43026; 614-771-5120, Fax 771-5134.

Taco John’s International Inc. trades as Taco John’s at 468 locations in AR, CO, FL, ID, IL, IN, IA, KS, KY, MN, MS, MO, MT, NE, NV, ND, OH, SD, TN, TX, UT, WA, WI and WY. The Mexican fast food restaurants occupy spaces of 1,600 sq.ft. in freestanding facilities. Plans call for 48 openings in the coming 18 months. Expansion will take place in the Midwestern and Western regions. Preferred demographics include a population of 20,000 within one mile earning $40,000 as the average income. Leases running 20 years, with three options of 10 years each, are typical and the company is franchising.

For more information, contact Keith Emerson, Taco John’s International Inc., 808 West 20th Street, Cheyenne, WY 82001; 307-635-0101, Fax 772-0369, e-mail info@tacojohns.com, home page www.tacojohns.com.

Davco Restaurants Inc. does business as Wendy’s at 152 locations in MD, VA and Washington, D.C. The fast food restaurants occupy spaces of 2,600 sq.ft. in freestanding facilities and power centers. The company also trades as Friendly’s at 78 locations in MD, VA and Washington, D.C. The family restaurants occupy spaces of 4,160 sq.ft. in freestanding facilities and power centers. Combined plans call for as many as 15 openings in the coming 18 months. Expansion will take place in DE, MD, northern VA and Washington, D.C. Preferred demographics include a population of 30,000 within three miles earning $30,000 as the average income. Leases running 20 years, with two options of five years each, are typical.

For more information, contact Harvey Rothstein, Davco Restaurants Inc., 1657 Crofton Boulevard, Crofton, MD 21114-1323; 410-793-3905, Fax 791-8283.

MFP Franchise Systems Inc. trades as My Friends’ Place at 13 locations in GA. The restaurants, offering health foods, occupy spaces of 1,400 sq.ft. in strip centers. Preferred anchors include non-food retailers. Growth opportunities are sought in the Southeastern region. Preferred demographics include a population of 10,000 within two miles earning $40,000 as the average income. Leases running five years are typical and the company is franchising.

For more information, contact David Katz, MFP Franchise Systems Inc., 106 Hammond Drive, Atlanta, GA 30326-4806; 404-843-2803, Fax 843-0371.

 

Lease Signings

Mid-America Real Estate Corp. (630-954-7300) leased 6,000 sq.ft. to Famous Footwear at Oakland Shopping Center in DeKalb, IL and the store is slated to open this Spring. Mid-America Real Estate exclusively represents Famous Footwear in the Midwest.

The Cafaro Company (330-747-2661) leased 12,757 sq.ft. to The Gap at Eastwood Mall in Niles, OH and 13,900 sq.ft. to The Gap at Ohio Valley Mall in St. Clairsville, OH.

Levin Management Corporation (908-755-2401) leased 2,750 sq.ft. to Popeye’s Restaurant at Dayton Shopping Center in Rockaway Beach, NY.

Colliers L&A (215-925-4600) leased 6,000 sq.ft. to Fashion Bug at the Acme and Rite Aid anchored F&N Shopping Village in Brandywine County, DE and 6,500 sq.ft. to Kinkos at Wynnewood Square Shopping Center in Wynnewood, PA which is anchored by SuperFresh, Eckerd and Zany Brainy.

Michael Salove Company (610-664-8100) leased 77,000 sq.ft. to Ames Department Store in a portion of a former Caldor store at Hunting Park Plaza in Philadelphia, PA. Ames is scheduled to open this Spring.

Divaris Real Estate, Inc. (757-497-2113) leased 3,600 sq.ft. to Music Central at Turnberry Crossing in Newport News, VA.

Robert K. Futterman & Associates, LLC (212-599-3700) leased 90,000 sq.ft. on three levels to Bed Bath & Beyond at Bridge Tower Place, 401 East 60th Street on First Avenue in New York City, NY. Bed Bath & Beyond is expected to open late 2000.

Breslin Realty Development Corp. (516-741-7400) leased 116,000 sq.ft. to Home Depot and 25,000 sq.ft. to Borders Books at Airport Plaza Shopping Center in Farmingdale, NY.

CableCo, Inc. (305-892-9900) leased space to SuperCuts, Subway and Hop Bo Chinese Restaurant at Viera Village Shopping Center, which is anchored by the new prototype for Kash N Karry Grocery, in Viera, FL.

 

Financial News

Christmas sales across the board showed stellar performances. Crescent Jewelers, a west-coast affiliate of Friedman’s, Inc., set the record in this sampling with a 16.6% increase in comp store sales for its first quarter. Deb Shops also saw a substantial increase with comp store sales up by 10.9% for the month of December. Consumer electronics chains experienced a good year. For example Rex Stores’ comp store sales increased 8% for an eleven month period, yet for the period of November through December sales only rose by one percent. However, Circuit City’s electronics chain saw steep increases of 12% for the month of December, yet for the year showed a 6% increase in total sales. Most discounters saw sales rise, evidenced by Value City reporting a 7.5% increase for the month and Target bumped sales by 5.5% in December. Syms encountered turbulence with sales for the quarter down by 5.4 percent, while rumors are floating regarding a possible sale or chapter 11 filing. The following is a small sampling of how various retailers around the country faired during the 1999 holiday shopping season.

Elder-Beerman Stores Corp. (937-296-2700) reported that its December same store sales increased 0.6% compared to December 1998. For the holiday season, encompassing November and December, same store sales rose 2.6% over last year.

Rex Stores Corp. (937-276-3931) reported that total merchandise sales for November and December increased six percent to $113.6 million from $107 million during the same period last year with comparable store sales up one percent. For the first 11 months of the company’s fiscal year, total merchandise sales increased 12% to $411.6 million from $368.9 million last year with comparable store sales up eight percent. The company currently operates 239 consumer electronics stores in 35 states.

Haverty Furniture Companies, Inc. (404-881-1911) reported that its 1999 net sales increased 14.5% to $618.8 million from $540.3 million during 1998. Comparable store sales increased 12.1% for the year. The company is a full-service home furnishings retailer with 103 stores in 14 Southern and Central states. www.havertys.com

Delhaize America, Inc. (704-633-8250) reported that its total sales for fiscal 1999 increased 6.5% to $10.88 billion from $10.22 billion last year. Comparable store sales increased 1.8% for the year. During the year, the company opened 100 new stores, including 94 Food Lion stores and six Kash n Karry units. The company relocated 21 stores and closed 10. Currently, the company operates 1,136 Food Lion stores and 140 Kash n Karry and Save n Pack stores. www.delhaizeamerica.com

Strouds, Inc. (626-912-2866) reported that its third quarter net earnings fell to $248,000 from $506,000 during its third quarter last year. Net sales for the quarter were down to $57.2 million from $59.2 million and comparable store sales fell 3.5%. Strouds, Inc., the Linen Experts, is a specialty retailer of bed, bath, tabletop and other home textile products operating 63 stores in four states. www.linenexperts.com and www.strouds.com

Lechters, Inc. (973-481-1100) reported that its December sales fell 2.3% to $86.8 million from $88.8 million during December 1998. Sales for the specialty housewares segment comprised of Lechters Housewares and Lechters Kitchen Place decreased 4% to $71.3 million and sales for the off-price home business segment comprised of Famous Brands Housewares Outlet and Cost Less Home Store increased 6% to $15.5 million. Total chain comparable store sales increased 3.2%. By segment, comparable store sales for specialty housewares increased 3.1%, while the off-price home business increased 3.4%. The company currently operates 523 stores (comprised of 401 specialty housewares stores and 122 off-price home business stores) in 41 states.

Heilig-Meyers Company (804-784-7300) reported that its December sales increased 4.6% to $169.3 million from $161.9 million last year. Comparable store sales for the month increased 2.3%. The company currently operates 906 stores, 815 as Heilig-Meyers, 55 as The RoomStore, three as Homemakers and 33 in Puerto Rico as Berrios. www.heiligmeyers.com, www.roomstore.com, www.hmyco.com

Stein Mart Inc. (904-346-1500) reported that its December sales increased 8.6% to $350 million and that its sales for 1999 increased 15.2% to $1.035 billion. However, comparable store sales fell 1.3% during the fourth quarter.

ShopKo Stores, Inc. (920-497-2211) reported that its December sales increased 37.5% to $523 million from $380.4 million last year. Included in current year results are $25.7 million in sales from 13 new stores, which opened this year, and $101.1 million in sales from the 159 Pamida stores acquired this year. ShopKo retail comparable store sales generated a 4.3% increase over a 4.6% increase for the same period last year. The company currently operates 319 stores in 22 states. www.shopko.com

S&K Famous Brands, Inc. (804-346-2500) reported that its December sales increased six percent to $24.6 million from $23.2 million last year. Comparable store sales were even with December 1998. The company currently operates 241 value-priced menswear stores in 27 states reaching from the Eastern U.S. to TX and from ME to FL. www.skmenswear.com

Wal*Mart Stores, Inc. (501-273-4000) reported that its December net sales increased 26.2% to $24.127 billion from $19.112 billion during December 1998. Sam’s Club sales for the December increased 15.8% to $3.313 billion from $2.861 billion. The company currently operates 1,803 Wal*Mart stores, 682 Supercenters and 457 Sam’s Clubs in the U.S. Internationally, the company operates 13 stores in Argentina, 14 in Brazil, 166 in Canada, 6 in China, 95 in Germany, 5 in Korea, 461 in Mexico, 15 in Puerto Rico and 232 in the United Kingdom.

Circuit City Stores, Inc. (804-804-527-4000) reported that total sales for December increased 14% to $1.78 billion from $1.57 billion last year. Total sales for the Circuit City Group were $1.63 billion, which represents a 12% increase from December 1998. Comparable store sales increased six percent. Total sales for the CarMax Group increased 38% to $152.1 million from $110.5 million with comparable store sales up nine percent. The company operates 570 Circuit City Superstores, 45 mall-based Circuit City Express stores and 38 CarMax stores. www.circuitcity.com, www.carmax.com

Friedman’s Inc. (912-231-6608) reported that sales for its first fiscal quarter increased 20.7% to $148 million from $123 million during its first fiscal quarter last year. Comparable store sales increased 6.2% for the quarter. Crescent Jewelers, a west-coast affiliate, reported that its net sales for the first quarter increased 15.8% to $51.5 million from $44.5 million last year with comparable store sales up 16.6%. Friedman’s operates 564 jewelry stores in 21 states of which 351 are located in power strip centers and 213 are in malls. Crescent operates 149 stores in seven states, 95 of which are located in malls and 54 in power strip centers.

Kmart Corp. (248-643-1000) reported that its December sales increased seven percent to $5.88 billion from $5.493 billion during December 1998. Comparable store sales increased 5.5% for the month. The company operates 2,177 stores.

Value City Department Stores, Inc. (614-471-4722) reported that its December total sales increased 18.8% to $252.4 million from $212.4 million last year. Comparable store sales increased 7.5% for the month. The company operates 105 full-line off-price department stores throughout the Midwestern, Eastern and Southern regions, as well as 57 DSW Shoe Warehouse stores.

Dayton Hudson Corporation (612-370-6948) reported that its net retail sales for December increased 9.4% to $5.743 billion from $5.249 billion last year. Comparable store sales increased 3.6% for the month. By division, Target’s sales increased 5.6% for the month; Mervyn’s was down 4.4% and the department stores division was down 0.4%. The company currently operates 1,245 stores in 44 states, including 914 Target stores, 267 Mervyn’s stores and 64 department stores. www.dhc.com

Toys ‘R Us, Inc. (201-262-7800) reported that sales for the 1999 holiday season, comprised of nine weeks, were $4.4 billion, which was even with 1998's holiday sales results. Total sales for the 48 weeks ended January 1, increased six percent to $11.3 billion from $10.6 billion last year. Year-to-date comparable store sales increased three percent. The company currently operates 1,544 stores: 710 toy stores in the US; 454 international toy stores; 205 Kids ‘R Us stores; 130 Babies ‘R Us stores and 45 Imaginarium stores. www.toysrus.com, www.imaginarium.com

Syms Corp. (201-902-9600) reported that its third quarter net income fell to $2.8 million from $6.3 million during the third quarter last year. Sales for the quarter rose slightly to $95.6 million from $95.5 million, but comparable store sales fell 5.4% for the quarter.

 

Closings

CVS Pharmacy (401-765-1500) recently closed its drug store at the Bi-Lo Shopping Center in York, SC. The company had tried to build a freestanding store in the city, but could not find the right site. The company plans to open a freestanding store late this year in Rock Hill.

Supervalu Inc. (612-828-8910) recently closed its Cub grocery store in Hutchinson, MN. The store, which was operated by Coburn’s Inc., opened in November, but was closed because customers wanted a larger store with a different format. No cost estimates for the closing were announced, but both Coburn’s and Supervalu will bear the costs. The franchisee plans to reopen its Hutchinson Cash Wise grocery store, which it had closed in favor of the new Cub. The store was only 57,000 sq.ft., smaller than a typical Cub, which occupies 75,000 sq.ft., and used the "mapping store" format, which places stock-up items on one side, dairy products in the middle and perishables on the other side. The design is used so customers who need only a loaf of bread and a carton of milk can get in and out faster. The Cash Wise it replaced was 73,000 sq.ft. and customers were accustomed to the larger store and voiced their opinion about the format. Their displeasure showed up at the register, so Coburn’s decided to close the Cub and move back into its vacated Cash Wise space, which reopened under the Cash Wise banner. The decision to the close the store was probably also influenced by the pending arrival of more competition in the 14,000 person town. Wal*Mart, already at 90,000 sq.ft., intends to double its size this year, expanding to a Supercenter that includes a full grocery store. The Cub store is located in the County Fair Market Place, a development built by Ryan Companies that also includes a Target store. The store originally was planned as a corporately owned Cub and not a franchise. However, Coburn’s acquired the franchise rights and closed its Cash Wise store in favor of the new Cub. Coburn’s, which operates 26 grocery stores, for years had been served by wholesaler Fairway Foods. But when Fairway closed distribution centers last year, Coburn’s lined up Supervalu as its distributor. Besides the franchise for the Hutchinson Cub, Coburn’s bought three Randall Food Stores from Supervalu and said it eventually would convert its existing Cash Wise stores in Owatonna, MN and Mason City, IA to Cub Food operations. Supervalu has no future plans for opening a Cub store in Hutchinson, however, the company remains the official tenant at the shopping center and continues to pay rent. They plan on working with the owner to find another tenant.

 

Lead Sheet

Hanacek & Company

dba Big Dogs, Big Dog Sportswear

Tom Hanacek

5440 SW Westgate Drive Suite 340

Portland, OR 97222

503-292-8191, Fax 292-8132

home page: www.bigdogs.com

Apparel

The 180+-unit chain operates locations nationwide, exclusive of AR, ND and SD. The stores, selling family apparel and accessories with the Big Dog theme and logo, occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls, entertainment, outlet and strip centers. Growth opportunities are sought nationwide. Preferred demographics include a population of 50,000 within five miles earning $50,000 as the average income.

Lots To Love, Inc.

dba Lots To Love

J.T. Harris

PO Box 1628

McCook, NE 69001

308-345-5055, Fax 345-7381

Apparel

The 31-unit chain operates locations nationwide, exclusive of the Northeastern region. The stores, selling large size ladies apparel at discount price-points, occupy spaces of 1,600 sq.ft. to 2,500 sq.ft. in outlet and power centers. The company prefers second generation space formerly occupied by a clothing store. Plans call for three openings in the coming 18 months. Expansion will take place nationwide, exclusive of AL, FL, GA and the Northeastern region. The company cites Dress Barn, Catherine’s and Fashion Bug as competition.

United Fashions of Texas

dba Melrose

Reuben Bar-Yadin

4629 Macro Drive

San Antonio, TX 78218

210-662-7140, Fax 666-3211

Apparel

The 48-unit chain operates locations in AZ, CA, NM and TX. The women’s apparel stores occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in power and strip centers. Plans call for as many as 10 openings in the coming 18 months. Expansion will take place in TX. Preferred demographics include a population of 50,000 within three miles earning $35,000 as the average income. Leases running three to five years, with options, are typical and the stores average $150 psf in sales.

Jack Furrier’s Western Tire Centers

dba Jack Furrier’s Western Tire Centers, Desert Rat Off Road, Ultraperformance

John Furrier

3545 South Richey Boulevard

Tucson, AZ 85713-5432

520-748-1700, Fax 790-1136

Automotive

The 20-unit chain operates locations in AZ and NM. The stores, offering tires and performance parts, occupy spaces of 10,000 sq.ft. in freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in NV.

Hastings Entertainment Inc.

dba Hastings Entertainment

Brant Reid

3601 Plains Boulevard

Amarillo, TX 79102

806-351-2300, Fax 351-2545

Books

The 149-unit chain operates locations states west of the Mississippi River as well as in IL, IN, KY, NC and TN. The stores, selling books, music, videos and computer software, occupy spaces of 18,000 sq.ft. to 30,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought in the existing markets. Leases running 10 years are typical.

Imperial Stores

dba The Learning Center

Jack Mendelson

1049 Main Street

Wheeling, WV 26003

304-233-0711, Fax 233-9424

Educational

The two-unit chain operates locations in PA and WV. The stores, selling educational materials for parents and teachers, occupy spaces of 3,500 sq.ft. to 4,000 sq.ft. in strip centers. Preferred anchors include T.J. Maxx and Target. Plans call for as many as two openings in the coming 18 months. Expansion will take place in AZ and FL. Preferred demographics include a population of 100,000 within 20 miles earning $32,000 as the average income. Leases running three years and a vanilla shell is the typical deal.

J.R. Holcomb & Co.

dba Holcomb’s Educational Material

Deb O’Shanshnessy

c/o Trammell Crow

3205 Harvard Avenue

Cleveland, OH 44101

216-341-3000, Fax 341-5151

Educational

The 23-unit chain operates locations in OH and PA. The stores, selling educational and teacher’s supplies, occupy spaces of 4,000 sq.ft. to 4,500 sq.ft. in strip centers. Preferred co-tenants include grocery stores. Plans call for the opening of four units in the coming 18 months. Expansion will take place in MI, OH and PA. Preferred demographics include a population of 200,000 within 15 miles earning $50,000 as the average income. Leases running 10 years are typical.

Papa Jon’s

John Quinn

5000 East 2nd Street

Long Beach, CA 90803

562-439-3444, Fax 439-3554

Health

The company operates one location in CA. The full service health food store occupies a 6,000 sq.ft. freestanding facility. Plans call for one opening in the coming 18 months. Expansion will take place in Los Angeles County, CA. The company will consider freestanding and power center sites. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average income. Leases running five years are typical.

3 Day Blinds Inc.

dba 3 Day Blinds

Brent Ryhlick

2220 East Cerritos Avenue

Anaheim, CA 92806

714-634-4600, Fax 634-1041

Home Furnishings

The 174-unit chain operates locations in AZ, CA, CO, ID, IL, KS, MO, NE, NM, OH, OR, TX, UT and WA. The stores, selling blinds and related items, occupy spaces of 1,500 sq.ft. to 5,000 sq.ft. in power and strip centers. Plans call for as many as 30 openings in the coming 24 months. Expansion will take place in the existing markets. Leases running three to five years are typical.

Builders First Source

Marvin Robinson

2431 Highway 501 East

Conway, SC 29526-9508

843-347-4235, Fax 347-4096

Home Improvement

The 58-unit chain operates locations in FL, GA, NC, SC, TN and VA. The builders supply stores occupy freestanding facilities on 10 to 15 acres of land. Growth opportunities are sought in the Southeastern region. Leases running five years are typical.

Sherwood Management Company

dba Daniel’s Jewelers

PO Box 3750

Culver City, CA 90231

310-665-2100, Fax 665-2131

Jewelry

The 38-unit chain operates locations in CA. The jewelry stores occupy spaces of 1,300 sq.ft. to 1,500 sq.ft. in power centers and regional malls. Preferred anchors include major department stores. Growth opportunities are sought in the existing market. Leases running seven to ten years are typical and the company, which prefers a vanilla shell, sites Crescent as competition.

Wherehouse Entertainment

dba The Wherehouse, Tu Musica

Patricia Apel

19701 Hamilton Avenue

Torrance, CA 90502-1334

310-538-2314, Fax 538-0085

Music

The 543-unit chain operates locations nationwide. The stores, selling music and offering videos for rent and for sale, occupy spaces of 4,000 sq.ft. to 6,000 sq.ft. in freestanding facilities on mall ring roads, power centers and regional malls. Growth opportunities are sought nationwide. Preferred demographics include a population of 150,000 within three miles. Leases running five years are typical.

D.O.C. Optics Corp.

dba D.O.C. Optics

Steven Laffey

19800 West 8 Mile Road

Southfield, MI 48075

248-354-7100, Fax 354-9074

e-mail: slaffey@doc.com

home page: www.doc.com

Optical

The 117-unit chain operates locations in FL, IL, MI, MO, OH and WI. The optical stores occupy spaces of 1,200 sq.ft. to 4,000 sq.ft. in downtown store fronts, freestanding facilities, regional malls and strip centers. Growth opportunities are sought in the existing markets.

Eagle Pacific

dba Scamps Pet Centers

Michael Twain

203 S.E. Alder #202

Portland, OR 97214

503-239-4266, Fax 239-4268

Pet Supplies

The 12-unit chain operates locations in OR and WA. The pet supply stores occupy spaces of 1,200 sq.ft. to 2,000 sq.ft. in power centers and regional malls. Plans call for two openings in the coming 18 months. Expansion will take place in the existing markets. Leases running seven years are typical.

Foto Hut/Camera Exchange Inc.

dba Foto Hut/Camera Exchange

Ken Buettner

1505 East Carson Street

Pittsburgh, PA 15203

412-381-7524

Photo

The 11-unit chain operates locations in PA. The stores, selling photography equipment and offering one-hour film processing services, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought within a 13-mile radius of Pittsburgh, PA.

Boot Barn Inc.

dba Boot Barn

Ken Meany, Patrick Meany

1560 South Sinclair

Anaheim, CA 92806

714-937-9191, Fax 937-9199

Shoes

The 21-unit chain operates locations in CA and NV. The stores, selling Western wear and boots, occupy spaces of 10,000 sq.ft. in freestanding facilities, outlet and strip centers. Preferred co-tenants include big box retailers. Plans call for as many as five openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 250,000 within 10 miles. Leases running five years are typical and the company requires a vanilla shell.

American Fastsigns, Inc.

dba American Fastsigns

Ed Gruber

2550 Midway Road, Suite 150

Carrollton, TX 75006

972-447-0777, Fax 248-8201

Signs

The 433-unit chain operates locations throughout North America. The stores, selling signs and banners, occupy spaces of 1,400 sq.ft. to 1,800 sq.ft. in downtown store fronts and strip centers. Plans call for as many as 50 openings in the coming 18 months. Expansion will take place throughout North America. Leases running five years are typical. The company is franchising and is seeking franchisees.

Boaters World Inc.

dba Boaters World

Lawrence Ben Bassett

6711 Ritz Way

Beltsville, MD 20705

301-419-0000, Fax 419-2995

Specialty

The 104-unit chain operates locations in 20 states. The stores, selling boating supplies, occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in freestanding facilities and power centers. Growth opportunities are sought in CA and states with high boater registration. Leases running five to ten years are typical.

West Marine

dba West Marine, E&B Discount Marine

Bonnie Tragni

500 Westridge Drive

Watsonville, CA 95076

831-728-2700, Fax 728-2736

Specialty

The 227-unit chain operates locations in 34 states. The stores, selling boating supplies and apparel, occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding facilities and strip centers located near water. Growth opportunities are sought nationwide.

Canned Foods Inc.

dba Grocery Outlet

Dave Kindell

2000 5th Street

Berkeley, CA 94710-1918

510-845-1999, Fax 649-1484

Supermarket

The 115-unit chain operates locations in AZ, CA, HI, ID, MT, NV, OR, UT and WA. The discount, close out grocery stores occupy spaces of 15,000 sq.ft. to 20,000 sq.ft. in freestanding facilities and strip centers. Preferred co-anchors include drug stores, Kmart and Wal*Mart. Plans call for 15 openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 45,000 within 10 miles. Leases running five years are typical.

K.V. Mart Co.

dba Valu Plus Food Warehouse, Top Valu Markets

Marie Bowers

1245 East Watson Center Road

Carson, CA 90745-4207

310-816-0200, Fax 816-0201

Supermarket

The 27-unit chain operates locations in CA. The supermarkets occupy spaces of 21,000 sq.ft. to 50,000 sq.ft. in strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in the existing market. Leases running 20 years are typical.

R-Ranch Markets

Ken Simon

c/o KFS Properties

711 Montana Avenue, Suite C

Santa Monica, CA 90403

310-576-6666, Fax 576-6669

Supermarket

The seven-unit chain operates locations in CA. The ethnic supermarkets, serving the Hispanic and African American communities, occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in freestanding facilities and strip centers. Plans call for three openings in the coming 18 months. Expansion will take place in Southern CA with an emphasis on Los Angeles, Orange, Riverside, San Bernardino and San Diego.

Raley’s

Robert Henderson

PO Box 15618

Sacramento, CA 95852

916-376-6900, Fax 376-6901

e-mail: bhenders@raleys.com

home page: www.raleys.com

Supermarket

The 150-unit chain operates locations in CA, NV and NM. The supermarkets occupy spaces of 61,000 sq.ft. in strip centers. Plans call for eight openings in the coming 18 months. Expansion will take place in Northern CA and NV.

 

Exclusives

CB Richard Ellis, Inc. (305-381-6411 or 305-381-6425) has been named exclusive agents by Sears Roebuck & Co. to dispose of 10 former NTB stores throughout Southern FL. There are six freestanding buildings ranging in size from 9,800 sq.ft. to 11,100 sq.ft. There are also four sub-lease opportunities.

Robert K. Futterman & Associates, LLC (212-599-3700) is exclusively representing Wolf Camera throughout the New York region. Since RFK was appointed their exclusive leasing representative in NY, Wolf Camera has opened two locations in New York including a 6,400 sq.ft. store on East 86th Street and a 5,000 sq.ft. store on East 69th Street.

Michael Salove Company (610-664-8100) has been named the exclusive leasing agent for Columbus Crossing, a new 155,000 sq.ft. shopping center to be built in Philadelphia PA. The project will be anchored by a 61,000 sq.ft. SuperFresh supermarket and is located adjacent to Home Depot and Wal*Mart. The center is being developed by Tower Investments, Inc. and a Summer 2000 opening is planned. The company is also representing more than two dozen retail chains with their expansion needs.

Breslin Realty (516-741-7400) and Prudential Long Island Commercial (516-928-9600) have been named the leasing agents for Coram Plaza Shopping Center in Coram, NY by SMP, LLC. The 275,000 sq.ft. project was formerly anchored by Caldor and Pathmark.

Keen Realty Consultants Inc. (516-482-2700) has been retained by Learningsmith Inc. to sell the company’s retail leases and intellectual property. Recently, Keen Realty offered a bankruptcy auction of the chain’s 90 retail sites, ranging in size from 3,300 sq.ft. to 6,700 sq.ft., in 30 states; its distribution facility in MA and an office building in MA. In addition, the intellectual property available for sale includes 24 registered trademarks, nine domain names, a customer list of approximately 1.4 million and a packaging copyright.

 

Space Place

Arizona

Chandler- Casa Paloma is anchored by The Gap, Banana Republic, Talbot’s, A.J.’s Finer Foods and Tomaso’s Italian Restaurant. The project has in-line spaces up to 30,000 sq.ft., as well as pad sites from 4,000 sq.ft. to 7, 000 sq.ft. available for lease.

For details, contact DeRito Partners at (602-834-8500).

Chandler- Chandler Pavilions is anchored by Home Depot, Toys ‘R Us, Borders, Bed Bath & Beyond, Golfsmith, CompUSA and Sam’s Club. The project has in-line spaces from 8,000 sq.ft. to 130,000 sq.ft., as well as pad sites from 4,000 sq.ft. to 6,000 sq.ft., available for lease.

For details, contact Tait Development at (602-279-3999).

Connecticut

Torrington- Torrington Parkade is anchored by Big Y, Ames and Burger King. The 200,000 sq.ft. project has spaces of 6,000 sq.ft. and 9,000 sq.ft. available for lease. Demographics include a trade area population of more than 70,000 earning $55,000 as the average household income.

For details, contact Daniel Weinreb of Paragon Realty Group, LLC at (203-254-7077), Fax (254-7081).

Florida

Margate- Lakewood Shopping Center is anchored by Kmart, Winn-Dixie Marketplace, Walgreens and Silver Cinemas. The 313,077 sq.ft. project has spaces from 900 sq.ft. to 26,560 sq.ft. available for lease. Demographics include a three-mile population of 173,523 earning $53,547 as the average household income.

For details, contact Courtelis Company at (305-379-8467), Fax (381-7875).

Georgia

Smyrna- Belmont Hills is anchored by Sears, JC Penney Outlet Stores and Payless Shoes. The 435,000 sq.ft. project has space available for lease. Demographics include a trade area population of 195,794 earning $41,368 as the median income.

For details, contact Halpern Enterprises, Inc. at (770-451-0318), Fax (454-8228).

Louisiana

Baton Rouge- Northeast Plaza is anchored by SuperFresh Supermarket, Eckerd and Dollar General. The 82,224 sq.ft. project has space available for lease. Demographics include a three-mile population of 22,686 earning $64,008 as the average household income.

For details, contact DLC Management Corporation at (914-631-3131), Fax (631-6533).

New Mexico

Albuquerque- A 50,078 sq.ft. former Service Merchandise store is available for lease at Wyoming Mall. Anchors include Furr’s Supermarket, Stein Mart and Radio Shack. Demographics include a three-mile population of 156,086 earning $49,618 as the average household income.

For details, contact Paul Bayer of Commercial Net Lease Realty Services, Inc. at (407-650-3697), home page (www.cnlreit.com).

New York

East Patchogue- Swan Nursery Commons is anchored by Waldbaum’s Supermarket, Walgreens, Tutor Time and Hollywood Video. The 121,786 sq.ft. project has space available for lease. Demographics include a three-mile population of 65,029 earning $59,389 as the average household income. In Wading River- Wading River Plaza is anchored by King Kullen. The 90,000 sq.ft. project has spaces of 5,000 sq.ft., 7,000 sq.ft. and 23,582 sq.ft. available for lease. Demographics include a five-mile population of 29,796 earning $54,212 as the average income.

For details, contact Serota & Sons at (516-561-9500), Fax (561-9378).

Ohio

Dayton- Forest Park Plaza is anchored by a supermarket, Dollar General and Rite-Aid. The 165,000 sq.ft. project is in search of a 30,000 sq.ft. to 50,000 sq.ft. furniture retailer or discount department store. The center also has spaces from 1,200 sq.ft. to 18,000 sq.ft. available for lease. Demographics include a five-mile population of 198,108 earning $38,687 as the average household income.

For details, contact Jeff Ross of Paran Management Company at (800-888-5663), home page (www.paranmgt.com).

Pennsylvania

Erie- Peach Street Square is anchored by Wal*Mart, Lowe’s Home Improvement, Kohl’s, Just For Feet, Home Depot, Circuit City, PetsMart, Cinemark Theater, Media Play and T.G.I. Fridays. The 581,592 sq.ft. project has seven outparcels, ranging in size from .75 acres to 1.45 acres, available for lease. Demographics include a five-mile population of 133,377 earning $48,966 as the average household income.

For details, contact Developers Diversified Realty Corporation at (216-755-5500), Fax (755-1500), home page (www.ddrc.com).

South Carolina

Greenville- A freestanding 3,200 sq.ft. building is available for lease. The site fronts Haywood Road, near Haywood Mall, and features space on two levels with on grade parking both front and back.

For details, contact Marty Navarro of Navarro Real Estate, Inc. at (864-255-3006), Fax (255-3007).

Tennessee

Nashville- Priest Point Shopping Center is anchored by Food Lion. The 105,335 sq.ft. project has space available for lease. Demographics include a five-mile population of more than 75,000 earning $75,000 as the average household income.

For details, contact CNM Associates at (404-869-2700), Fax (869-7171).

Texas

Amarillo- Coulter Forum Shopping Center is anchored by Great American Toy Company, Santa Fe Restaurant, Mason’s Pro Frame Shop and All the Fixins. The 33,919 sq.ft. project has space available or lease. Demographics include a five-mile population of 110,160 earning $45,095 as the average household income. Also in Amarillo- Olsen Village Shopping Center is anchored by Michaels, Kinko’s, The Brew Pub and Hallmark. The 82,815 sq.ft. project has space available for lease. Demographics include a five-mile population of 135,637 earning $46,008 as the average household income. In Spring- Northland Shopping Center is anchored by Kroger, Weiner’s, Walgreens, Payless Shoes, Radio Shack, Wendy’s, McDonald’s and Pizza Hut. The 161,283 sq.ft. project has space available for lease. Demographics include a five-mile population of 124,511 earning $66,913 as the average household income.

For details, contact The Pilchers Group at (214-520-2800), Fax (520-2878).