The
Dealmakers Issue Number 10 for week of March 24, 1995
Card
& Gift Stores Expand Nationally
Thoughtfulness,
Inc. trades as Factory Glass Outlet, House of Cards, Jay's Hallmark and Lynne's Hallmark
at 19 locations in WV, PA, OH and KY. The
card and gift stores occupy spaces of 3,000 sq.ft. in regional malls and strip centers. Preferred anchors include Wal*Mart, T.J. Maxx,
Kmart and Lord & Taylor. Plans call for
one opening in the coming 18 months. Expansion
will take place in the existing markets. Preferred
demographics include a population of 100,000 within 10 miles earning $35,000 as the
average income. Leases running 10 years are
typical.
For more information, contact Tom Rogers,
Thoughtfulness, Inc., 319 Main Street, Granville, WV 26534; 304-598-0212, Fax 598-0220.
Index
Notion Co., Inc. trades as The Wooden Key at 21 locations in IN and IL. The card and gift stores occupy spaces of 4,000
sq.ft. in regional malls, power and strip centers. Preferred
anchors include Wal*Mart and grocery stores. Plans
call for two openings in the coming 18 months. Expansion
will take place throughout IN. Leases
running five years are the norm.
For more information, contact James G. Sinclair,
887 West Carmel Drive, Carmel, IN 46032; 317-573-3990, Fax 573-3992.
Carlton
Cards operates more than 400 locations nationwide. The
card and gift stores occupy spaces of 3,000 sq.ft. in downtown store fronts, specialty and
strip centers. Preferred anchors include
supermarkets and junior department stores. Plans
call for 20 openings in the coming 18 months. Expansion
will place in the metro New York City area and Long Island, NY. Preferred demographics include a population of
35,000 within three miles earning $35,000 as the average income. Leases running 10 years are typical.
For more information, contact Jim Nebel, Carlton
Cards, 1 Hazen Lane, Congers, NY 10920; 914-268-4611.
Paperweight,
Inc. trades as Signature at 19 locations in MN, MI and IL.
The gift stores occupy spaces of 1,100 sq.ft. to 1,500 sq.ft. in downtown store
fronts, regional malls and freestanding facilities. Plans
call for one opening in the coming 18 months. Expansion
will take place in the existing market. Leases
running five years are typical.
For more information, contact Ms. Pat Chinander,
Paperweight, Inc., 2234 Terminal Road, Roseville, MN 55113; 612-639-1413.
Carsus
Corp. trades as Wicks N Sticks at 10 locations from MI to WA. The stores occupy spaces of 1,200 sq.ft. in
regional malls. Preferred anchors include
major department stores. Plans call for six
openings in the coming 18 months. Expansion
will take place in the existing markets. Preferred
demographics include a population of 250,000 within 50 miles earning $35,000 as the
average income. Leases running 10 years are
typical.
For more information, contact David Mitchell,
Carsus Corp., 3771 North Dunlap, Arden Hills, MN 55112; 612-490-1066.
Sanrio,
Inc. trades as Sanrio Surprises and Sanrio Gift Gate at 110 locations in WA, CA, HI, TX,
LA, MS, FL, GA, NC, VA, TN, IL, CO and OK. The
gift stores occupy spaces of 1,150 sq.ft. to 2,500 sq.ft. in power centers and regional
malls. Plans call for 15 openings in the
coming 18 months. Expansion will take place
in the Northwest, Northeast and Southeast. Leases
running 10 years are typical.
For more information, contact Randall Patterson,
Sanrio, Inc., 570 Eccles Avenue, South San Francisco, CA 94080; 415-952-2880, Fax
872-2730.
Mergers
& Acquisitions
Bernie's
(203-726-9255) plans to buy Sound Playground out of bankruptcy for $2.5 million.
Consolidated
Stores Corporation (614-278-6810) acquired 15 It's Really $1.00, Inc. stores. Consolidated Stores, which operates the All For
One and iTZADEAL! stores, plans to merge the It's Really $1.00 stores with the other two
divisions and operate them under their current name.
Safeway,
Inc. (206-455-6374) which recently purchased three Bag N Sav/Hogan's Markets announced
that the Bag N Sav/Hogan's Market stores in Puyallup and Centralia, WA will close for
inventory and reopen as Safeway markets. The
Bag N Sav/Hogan's Market in Tacoma will close permanently, and the Safeway store in
Centralia will close. The Safeway store in
Puyallup will remain open.
Carmike
Cinemas (706-576-3400) has acquired eight screens from James Island Cinema in Charleston,
SC in an undisclosed cash transaction. With
the acquisition, Carmike Cinemas now operates 119 screens in SC and more than 1,951 in 31
states.
Nine
West Group, Inc. (203-324-7567) has announced that its proposed acquisition of the
footwear business of The United States Shoe Corporation has been terminated.
Pep
Boys (215-227-9202) is acquiring three Auto Source stores from Canadian Tire Corp. Two of the stores are located in Indianapolis, IN
and the third store is located in Columbus, OH. Pep
Boys currently operates more than 430 stores nationwide.
LensCrafters,
Inc. (513-527-7000), a division of U.S. Shoe Corp., plans to acquire 59 stores from
Opti-World, Inc. for approximately $45 to $50 million.
Most of Opti-World's stores are located in the Southeast. LensCrafters currently operates 589 stores
throughout North America.
Mothers
Work, Inc. (215-625-9259) is acquiring A Pea in the Pod, Inc. for $23.9 million. Mothers Work, which sells upscale maternity
clothing, currently operates 91 Mothers Work stores, 66 Mimi Maternity stores and 33
Maternity Works outlet stores nationwide. The
company also manufacturers most of its clothing. A
Pea in the Pod offers fashionable, quality maternity apparel and accessories. They currently operate 66 stores in 28 states.
Michaels
Stores, Inc. (214-714-7100) has acquired Aaron Brothers Holdings, Inc. for $25 million
cash, including the assumption of $19.7 million of debt.
Aaron Brothers Holdings operates 71 framing and art supply stores predominantly in
CA. Michaels Stores offers picture framing
materials and service, silk and dried flowers, hobby and art supplies, creative crafts and
party, seasonal and holiday merchandise. The
company operates 385 stores in 41 states and Canada.
Who's
Opening and Where
Brookhart,
Inc. (719-471-4500) plans to open a freestanding home center in Colorado this year. The company currently operates 13 units in CO.
Las
Vegas Discount Golf & Tennis (702-798-7777) plans to open three stores this year. The stores are planned for Denver, CO, Louisville,
TX and Alberta, Canada. The sporting goods
company currently operates 57 stores throughout North America.
Albertson's
Grocery Stores (208-385-6200) plans to open two stores in the Fresno, CA area, marking the
chain's fourth and fifth units in the Fresno market.
Construction on the fourth store is ongoing with an opening date set for June. Construction on a 50,000 sq.ft. store will begin
later this year with an opening date set for mid-1996.
Zany
Brainy (215-896-1500) plans to open five stores in the Chicago, IL area this year. The company currently operates 20 stores in PA,
NJ, GA and WA.
Hannaford
(207-883-2911) plans to open a Wilsons Supermarket in Wilmington, NC this year. The company also plans to open three stores, using
its latest format to be called Hannaford Food and Drug Superstores, by the end of this
year. Two of the stores will be located in
Raleigh, NC and one will be located in Cary, NC.
Barnes
and Noble (212-633-3300) plans to open a 20,000 sq.ft. bookstore with a coffee bar at the
Gulf Wind Shopping Center in Tallahassee, FL during September.
Fant's
Discount Foods, Inc. (216-595-6333) recently opened its first Fant's Grocery Outlet store
at the Brookgate Shopping Plaza in Brook Park, OH. The
16,800 sq.ft. store offers over 3,000 items as much as 40% below conventional supermarket
prices. The store also features a
"challenge free" environment for customers with disabilities.
Blimpie
International, Inc. (212-673-5900) plans to open seven sandwich stores in MO next month. The stores are planned for Hazelwood, St. Peters,
Florissant, Arnold, Imperial, Cedar Hill and St. Louis.
Sears
(708-286-2500) plans to open five retail dealer stores in IN this year as part of its plan
to open 165 retail dealer stores nationwide. Stores
in Angola, Auburn, Bluffton, LaGrange and Nappanee are planned. Sears is also planning to build a 32,700 sq.ft.
Product Service Center, which will repair Sears, Roebuck & Co. appliances, in
Jacksonville, FL.
Star
Theatres (616-940-0866) plans to open a 20 auditorium, 6,000 seat movie theater in
Southfield, MI this year. The 170,000 sq.ft.
complex will also include several restaurants and entertainment-related retail stores. The Star Southfield complex will be located
adjacent to the Galleria Officentre development which contains 1.1 million sq.ft. of
office space.
Caldor
Corporation (203-846-1641) plans to open six to eight stores in the Hampton Roads, VA area
during 1996 and 1997.
Crocodile
Enterprises, Inc. (818-796-4441) plans to open a Crocodile Express restaurant at Bellevue
Square in Bellevue, WA this summer.
Home
Depot, Inc. (404-433-8211) plans to relocate its 90,000 sq.ft. Atlantic Boulevard store to
Regency Corners located at Regency Square Boulevard in Jacksonville, FL this year. The new store will be 162,748 sq.ft. and include a
garden center. Regency Corners is anchored by
Target and PetsMart. The company also
recently opened a 105,000 sq.ft. store in Oxon Hill, MD.
CompUSA,
Inc. (214-383-4000) recently opened its third AZ store in Scottsdale. The company now operates 82 computer superstores
in 41 markets nationwide.
Kohl's
Corporation (414-783-5800) recently opened three department stores giving the company 111
stores in 10 states. The newest stores were
opened in Findlay, OH, Kalamazoo, MI and Cedar Rapid, IA.
McCrory
Stores (717-757-8181) plans to open seven J.J. Newberry stores in IN this year. Five of the stores are located in Fort Wayne and
one each in New Haven and Kendallville.
HomeBase
(714-442-5000) recently opened two new stores in East Albuquerque, NM and Orem, UT, and
recently remodeled four stores in the Denver area, one in Colorado Springs and one in West
Albuquerque, NM. HomeBase, a home improvement
warehouse, currently operates 79 stores in 10 western states.
Broadway
Stores, Inc. (213-227-3884) plans to construct a new home furnishings store at Rainbow
Plaza in Las Vegas, NV. The 52,000 sq.ft.
Broadway Home Dome store is expected to be opened by late June or early July. Broadway Stores, Inc. currently operates 83
department stores under the names The Broadway, Emporium and Weinstocks.
Tandy
Corp. (817-390-3224) plans to build a 186,000 sq.ft. "gigastore" Incredible
Universe in Sandy, UT. The store is expected
to be open by Christmas.
Nobody
Beats the Wiz (908-602-1900) plans to open a store in Moorestown, NJ this year.
Hastings
(806-372-6251) plans to open 20 new stores, which will average 25,000 sq.ft., by the end
of 1995. Hastings, which offers books, music,
software and videos for both sale and rent, currently operates 106 stores. Most Hastings stores are located in secondary
markets from Texas to Washington.
Herman's
Sporting Goods (201-541-1550) has signed leases for six stores to open this year. The stores will be located in New York City; Bala
Cynwyd, PA; Deptford, NJ; Baltimore, MD; Bailey's Crossroads, VA and Quakertown, PA. The company is planning to open 40 stores over the
next three years. Currently the company
operates 118 stores.
Nordstrom's
plans to grow over the next few years by expanding into large, affluent markets with
"killer" stores that are capable of doing $100 million in annual sales. Over the next two years, the company plans to open
"killer" stores in Chicago; White Plains, NY; Short Hills, NJ; suburban
Philadelphia, Dallas, Detroit and Long Island. Other
stores are also planned for Indianapolis and Denver.
Hair
Salons Looking To Expand
Creative
Hairdressers trades as Hair Cuttery at 450 locations in PA, NJ, DE, MD, VA, NC, SC, GA, FL
and IL. The hair salons use spaces of 1000
sq.ft. to 1200 sq.ft. in power and strip centers. Preferred
anchors include Wal*Mart, T.J. Maxx, Kmart and grocery stores. Plans call for 150 openings in the coming 18
months. Expansion will take place in the
existing markets. Preferred demographics
include a population of 30,000 within 2.5 miles earning $35,000 as the average income. Leases running five years are typical.
For more information, contact John Colvin,
Creative Hairdressers, 2815 Hartland Road, Falls Church, VA 22043; 703-698-7090, Fax
876-2897.
Salon
Development Corp. trades as Cutting Crew at 52 locations in CT, NJ and NY. The hair salons use spaces of 1,000 sq.ft. in
strip centers. Preferred anchors include
Kmart, Wal*Mart and grocery stores. Plans
call for seven openings in the coming 18 months. Expansion
will take place in the existing markets. Leases
running 10 years are typical.
For more information, contact Robert Shaw, Salon
Development Corp., PO Box 346, East Hanover, NJ 07936; 201-884-2330, 884-0424.
Performance
Salon Systems, Inc. trades as Sport Clips at 100 locations in 21 states. The men's hair salons, featuring a sports
atmosphere, occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip centers. Preferred anchors include home improvement stores,
sporting goods stores and Hooters restaurant. Plans
call for 50 openings in the coming 18 months. Expansion
will take place in the Southwest. Preferred
demographics include a population of 50,000 within five miles earning at least $30,000 as
the average income. Leases running five years
are typical.
For more information, contact Gordon Logan,
Performance Salon Systems, Inc., PO Box 3000-266, Georgetown, TX 78627; 512-869-1201, Fax
869-0366.
La
Femmina Beauty Salon trades as The Lemon Tree at 80 locations in NJ, NY, MD, PA and CT. The family hair salons occupy spaces of 800 sq.ft.
to 1,200 sq.ft. in strip and specialty centers, downtown store fronts and freestanding
facilities. Preferred anchors include Kmart,
Wal*Mart and grocery stores. Plans call for
12 openings in the coming 18 months. Expansion
will take place in the existing markets. Leases
running 10 to 15 years are the norm.
For more information, contact John Wagner, La
Femmina Beauty Salon, 3301 Hempstead Turnpike, Levittown, NY 11756; 516-735-2828, Fax
735-1851.
The
Barbers Hairstyling for Men and Women, Inc. trades as Cost Cutters Family Hair Care at 557
locations in 39 states. The valued-price
family hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in regional malls, downtown
store fronts, outlet, power and strip centers. Preferred
anchors include Wal*Mart, Kmart, Target, major drug stores and supermarkets. Plans call for 100 openings in the coming 18
months. Expansion will take place nationwide. Preferred demographics include a population of
30,000 within three miles earning $30,000 as the average income. Leases running five years are typical. The company is franchising.
The company also trades as City Looks Salons
International at 68 locations in IL, IA, MI, MN, ND, PA and WI. The upscale, full-service hair salons occupy
spaces of 1,000 sq.ft. in regional malls, downtown store fronts, power, specialty and
strip centers. Plans call for 15 openings in
the coming 18 months. Expansion will take
place nationwide. Preferred demographics
include a population of 30,000 within three miles earning $35,000 as the average income. Leases running five years with a five-year option
are typical. The company is franchising.
For more information, contact Julie A.
Langenbrunner, The Barbers Hairstyling for Men and Women, Inc., 300 Industrial Boulevard
N.E., Minneapolis, MN 55413; 612-331-8500, Fax 331-2821.
Variety
Stores Plan Expansion
Dollar
Discount operates 39 locations in PA, NJ, DE, MD, VA, CT, MI, GA and CO. The dollar stores occupy spaces of 2,000 sq.ft. to
3,500 sq.ft. in strip centers and downtown store fronts.
Preferred anchors include grocery stores. Plans
call for 18 openings in the coming 18 months. Expansion
will take place in PA, NJ, NY, GA, CT, VT and DE. Preferred
demographics include a population of 50,000 within three miles. A five-year lease with a five-year option is
typical. The company is franchising.
For more information, contact Mitchell Insel,
Dollar Discount, 1362 Naamans Creek Road, Boothwyn, PA 19061; Fax 610-485-6439.
Family
Dollar Store operates 2,320 locations in states east of New Mexico in addition to CO, SD
and MN. The discount stores occupy spaces of
6,000 sq.ft. to 9,000 sq.ft. in strip centers and freestanding facilities. Preferred anchors include grocery stores. Plans call for more than 300 openings in the
coming 18 months. Expansion will take place
in the existing markets. Preferred
demographics include a population of 10,000 within five miles earning $25,000 as the
average income.
For more information, contact Gil Lafare, Family
Dollar Store, PO Box 1017, Charlotte, NC 28201-1017; 704-847-6961, Fax 847-0189.
Consolidated
Stores trades as Itzadeal! at 27 locations in TN, IN, OH, FL, MI, IL, KY, CO, PA, WY and
NE. The discount stores occupy spaces of
7,000 sq.ft. to 10,000 sq.ft. in strip centers. Plans
call for 50 openings in the coming 18 months. Expansion
will take place in KY, TN, IL, FL, OH, MI, IN, PA, VA and WV. Preferred demographics include a population of
15,000 within three miles having a household income of $30,000. Leases running three years are typical.
Consolidated Stores also trades as Odd Lots/Big
Lots at 492 locations in AL, FL, GA, IL, IN, KS, LA, MD, MI, MO, NC, NY, OH, OK, PA, SC,
TN, VA, WI, WV and WY. The discount stores
occupy spaces of 25,000 sq.ft. to 30,000 sq.ft. in strip centers and freestanding
facilities. Preferred anchors include grocery
stores. Plans call for 100 openings in the
coming 18 months. Expansion will take place
in KS, LA, OK, FL, TX, NY, MS, NC and SC. Preferred
demographics include a population of 70,000 within 10 miles earning $28,000 as the average
income. Leases of five years with two or
three five-year options are typical.
For more information, contact Jerry Large,
Consolidated Stores, 300 Phillipi Road, Columbus, OH 43228; 614-278-6715, Fax 278-6546.
Dollar
General Corp. trades as Dollar General Stores at 2,060 locations in TX, OK, NE, KS, MO,
AR, LA, IA, IL, MS, AL, GA, FL, SC, NC, KY, TN, IN, OH, PA, MD, DE, VA and WV. The general merchandise stores occupy spaces of
7,200 sq.ft. to 7,500 sq.ft. in strip centers, downtown store fronts and freestanding
facilities. Plans call for 365 openings in
the coming 18 months. Expansion will take
place in the existing markets. Leases running
three to five years, with options, are typical.
For more information, contact Tom Holsted, Dollar
General Corp., 427 Beech Street, Scottsville, KY 42164; 502-237-5444, Fax 237-3246.
Bedding
Tenants Awake on Growth
40
Winks, Inc. trades as 40 Winks at 10 locations in NJ.
The bedding stores occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in strip centers.
Preferred anchors include Wal*Mart, T.J. Maxx, Kmart, Lord & Taylor and grocery
stores. Plans call for three openings in the
coming 18 months. Expansion will take place
in NJ, PA and DE. Preferred demographics
include a population of 50,000 within five miles earning $40,000 as the average income. Leases running five years are typical. The company is franchising.
For more information, contact Gerry Barr, 40
Winks, Inc. Westmont Plaza, Westmont, NJ 08108; 609-854-5470, Fax 869-0025.
Leshner
Corporation trades as Cotton Mill Stores at 10 locations in OH. The bed and bath stores occupy spaces of 4,000
sq.ft. in outlet, specialty and strip centers as well as freestanding facilities. Plans call for three openings in the coming 18
months. Expansion will take place in OH, IN
and KY.
For more information, contact Edward Reinhart,
Leshner Corporation, 1010 Eaton Avenue, Hamilton, OH 45013; 513-868-3500, Fax 868-1214.
The
Bedroom, Inc. trades as Total Bedroom at 13 locations in MN, SD, IA, ND and WI. The bedroom furniture stores occupy spaces of
25,000 sq.ft. to 45,000 sq.ft. in outlet, power and specialty centers as well as
freestanding facilities. Plans call for three
openings in the coming 18 months. Expansion
will take place in the Midwest. Preferred
demographics include a population of 150,000 within 25 miles. Leases running 10 years are typical.
For more information, contact Wayne Johansen, The
Bedroom, Inc., 7932 Main Street N.E., Fridley, MN 55432; 612-780-4238.
The
American Bedroom, Inc. trades as The Bedroom at 45 locations in CA, AZ, WI, MN, CO and UT. The bedroom furniture stores occupy spaces of
8,000 sq.ft. in specialty centers and freestanding facilities. Preferred anchors include Home Depot. Conservative growth is expected in the coming 18
months. Preferred demographics include a
population of 200,000 within three miles earning $45,000 as the average income. Leases running five years are typical.
For more information, contact John Candell, The
American Bedroom, Inc., 40517 Albrae Street, Freemont, CA 94539; 510-657-1282.
Buyers
& Sellers of Commercial Properties
Kappa
Properties Co. has the listing to sell a 65,000 sq.ft. fully leased building in the
300,000 sq.ft. West Boca Square in Boca Raton, FL. The
asking price is $4 million and the site generates an annual cash flow of $400,000.
For details, contact Richard Nimtz of Kappa
Properties Co. at (412-963-2535), Fax (963-3522).
Forest
and Company has the listing to sell Encino Center in San Fernando Valley, CA. The site is located three blocks west of 405
Freeway. The asking price is $2.5 million. The company is also in the market to purchase
anchored shopping centers, with expansion possibilities, within a 50 mile radius of Los
Angeles, CA. Properties with cap rates above
10% are preferred.
For details, contact Ira Forest, Forest and
Company at (818-783-5183), Fax (783-5191).
Talisman
Group recently closed on its acquisition of the Marketplace at Towson in Towson, MD. The 490,000 sq.ft. project is being expanded to a
total GLA of 560,000 sq.ft. Anchors include
Montgomery Ward, Toys 'R Us, Marshalls, Best Products and Hermans.
For details, contact Jim Schlesinger at
305-662-9559, Fax 662-9616.
Exclusives:
Leasing & Management Assignments
Rappaport
Management Company (703-641-9103) has been awarded the contract to lease and manage
Potomac Festival I in Potomac Mills, VA. The
252,600 sq.ft. shopping center is anchored by Baby Superstore, Lone Star Steakhouse, Red
Lobster and Carlos O'Kelly's.
Aronov
Realty Management, Inc. (334-277-1000) has been appointed the exclusive leasing and
management company for Richland Fashion Mall in Columbia, SC.
CB
Commercial Real Estate Group (312-751-2121) has been appointed exclusive leasing and
management agent for two shopping centers. The
centers are Scharrington Square in Schaumburg, IL, a 188,000 sq.ft. community center
anchored by Jewel/Osco, Funcoland and McDonald's and Highland Square in Morton Grove, IL,
an 82,000 sq.ft. specialty center anchored by Office Max.
Hiffman
Shaffer Associates, Inc. (312-332-3555) has been named exclusive marketing agent for
McHenry Commons in McHenry, IL. The 201,000
sq.ft. shopping center is anchored by Omni Supermarket, Kmart, Blockbuster Video, Hallmark
and Payless Shoe Source. The site is 95%
leased with spaces from 1,050 sq.ft. to 5,000 sq.ft. available.
Metro
Commercial Real Estate, Inc. (609-866-1900) has been appointed exclusive leasing agent for
three New Jersey shopping centers totaling 198,150 sq.ft.
The centers include the 105,000 sq.ft. Larchmont Centre in Mount Laurel, NJ which
is anchored by IGA, CVS and Chemical Bank; the 78,150 sq.ft. Main Line Shopping Center in
Cinnaminson, NJ which is anchored by Talk of the Town, Channel and Rite Aid and the 15,000
sq.ft. La-Z-Boy Center in Marlton, NJ anchored by La-Z-Boy.
Keen
Realty Consultants, Inc. (516-482-2704) has been appointed the exclusive agent in the
bankruptcy sale of NBO store which include seven New Jersey sites and seven New York
sites. The properties range in size from
5,500 sq.ft. to 141,808 sq.ft.
Convenience
Stores Looking for Sites
Petr-All
Corp. trades as Express Mart at 49 locations in New York and Mexico. The convenience stores occupy freestanding
facilities of 3,000 sq.ft. Preferred
co-tenants include Wal*Mart. Plans call for
three openings in the coming 18 months. Expansion
opportunities are sought in PA, MA, CT, VT, OH, WV and Canada. The company is seeking area development agents and
qualified master franchisees.
For more information, contact Frank Borer,
Petr-All Corp., 6567 Kinne Road, DeWitt, NY 13214; 315-446-0125, Fax 446-1355.
Bettiol
Fuel Service, Inc. trades as Red Barrel Food Stores at 23 locations in NY. The convenience stores, which also sell gasoline,
occupy freestanding spaces of 2,000 sq.ft. Plans
call for two openings in the coming 18 months. Expansion
will take place in NY. Demographic
requirements include 100,000 people within three miles earning $25,000 as the average
income.
For more information, contact Eugene Bettiol Jr.,
Bettiol Fuel Service, Inc., Route 23, Southside, Oneonta, NY 13820; 607-432-9274, Fax
432-9002.
Cochran
Brothers Co., Inc. trades as Friendly Gus at 14 locations in GA. The convenience stores occupy freestanding
facilities of 2,275 sq.ft. Growth
opportunities are sought in its existing market. Leases
running 10 years are typical.
For more information, contact Benjamin G. Cochran,
Cochran Brothers Co., Inc., 320 South Jefferson Street, Dublin, GA 31021; 912-272-2143.
Cox
Oil Company trades as Little General at 25 locations in TN.
The convenience stores occupy freestanding facilities of 2,000 sq.ft. Conservative growth is expected in the coming 18
months with sites sought in TN.
For more information, contact Harold E. Petty, Cox
Oil Company, 623 Perkins Street, Union City, TN 38261; 901-885-6444, Fax 885-2784.
Turkey
Hill Minit Markets operates 235 locations in PA. The
convenience stores, which also sell gasoline, occupy freestanding facilities of 2,940
sq.ft. Plans call for 12 openings in the
coming 18 months. Expansion will take place
in Eastern Pennsylvania. Demographic
requirements include a population of 3,000 within one-half mile earning $30,000 as the
average income. Leases of 30 years are
typical.
For more information, contact William Weisser,
Jr., Turkey Hill Minit Markets, 257 Centerville Road, Lancaster, PA 17603; 717-299-8908,
Fax 299-0519.
Food
Tenants Hungry for Sites
The
Coffee Beanery, Ltd. trades as The Coffee Beanery at 165 locations in 35 states. The gourmet coffee stores occupy spaces of 600
sq.ft. to 2,000 sq.ft. in regional malls, power and strip centers. The company also uses cart and kiosk locations. Preferred anchors include The Gap, The Limited,
fashion anchors and book stores. Plans call
for 45 openings in the coming 18 months. Expansion
will take place in MI, GA, PA, NJ and NY. Preferred
demographics include a population of 15,000 within one mile earning $35,000 as the average
income. Leases running 10 years are typical. The company is franchising.
For more information, contact Holland B. Burton,
The Coffee Beanery, Ltd., PO Box 310349, Flint, MI 48531-0349; 810-733-1020, Fax 733-0374.
Italian
Express Franchise Corp. trades as Pizzas by Marchelloni at more than 50 locations in IL,
WI, CO, PA and AZ. The restaurants, offering
pizzas, sandwiches, salads and chicken wings, occupy spaces of 1,000 sq.ft. to 3,000
sq.ft. in strip centers and freestanding facilities.
Plans call for more than 30 openings in the coming 18 months. Expansion will take place in IL, IA, WI and IN. Leases of five years with a five-year option are
typical. The company is franchising.
For more information, contact Hass Aslami, Italian
Express Franchise Corp., 1051 Essington Road/ Ste. 270, Joilet, IL 60435; 815-729-4494,
Fax 729-4508.
Great
Harvest Franchising, Inc. trades as Great Harvest Bread Co. at 87 locations in 32 states. The bread stores occupy spaces of 1,800 sq.ft. in
strip centers. Preferred anchors include
large grocery stores. Plans call for 40
openings in the coming 18 months. Expansion
will take place nationwide. Leases running
five years are typical. The company is
franchising.
For more information, contact Deborah Harrison,
Great Harvest Franchising, Inc., Great Harvest Building, 28 S. Montana Street, Dillon, MT
59725; 406-683-6842, Fax 683-6842.
Little
Caesars Enterprises, Inc. trades as Little Caesars Pizza at 5,000 locations nationwide. The pizza shops occupy spaces of 1,200 sq.ft. in
specialty and strip centers as well as freestanding facilities. Preferred anchors include grocery stores. Plans call for 400 openings in the coming 18
months. Expansion will take place nationwide. Preferred demographics include a population of
25,000 within two miles earning $40,000 as the average income. Leases running five years are typical. The company is franchising.
For more information, contact Mike Atwell, Little
Caesars Enterprises, Inc., 2211 Woodward Avenue, Detroit, MI 48201-3400; 313-983-6000, Fax
983-2211.
Miami
Subs USA, Inc. trades as Miami Sub's at 160 locations in FL, GA, NC, SC, TX, CT, NJ, NY,
IL and TN. The fast food restaurants occupy
spaces of 3,000 sq.ft. in freestanding facilities on 40,000 sq.ft. of land. Preferred co-tenants include Wal*Mart, Kmart and
grocery stores. Plans call for 50 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 $38,000 as the
average income. Leases running 20 years are
typical. The company is franchising.
For more information, contact Richard Palmisciano,
Miami Subs USA, Inc., 6300 Northwest 31st Avenue, Ft. Lauderdale, FL 33309; 305-973-0000,
Fax 973-7616.
Egg
Roll Express operates 17 locations in OK, TX and LA.
The chinese food restaurants occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in
regional malls and freestanding facilities. Preferred
anchors include Wal*Mart, Kmart, Target and grocery stores.
Plans call for five openings in the coming 18 months. Expansion will take place in CA, AZ, AR, OK and
TX. Preferred demographics include a
population of 100,000 within five miles earning $50,000 as the average income. The company is franchising.
For more information, contact Bonny Huang, Egg
Roll Express, 473 East 21st Street, Upland, CA 91784; 909-931-5898, Fax 931-5897.
Retailers
Keeping Up with The Times
PriceCostco,
Inc., in an effort to boost sales, plans to add new fresh food departments, introduce more
private labels, add food counters, one-hour photo labs, optical shops, copying, kiosks for
computerized orders of products not carried in stores and "road shows," where a
vendor temporarily offers items in stores at large discounts, to its Price Club stores.
Burdines,
a division of Federated Department Stores, Inc., recently aired an Infomercial in the
Central FL area rather than publishing its usual Spring catalog. The format was primarily a fashion show to display
the company's new spring clothes.
Sam's
Club, a division of Wal*Mart Stores, Inc., is testing an electronic catalog system, called
Sam's Shopping Network, at seven of its metro Atlanta stores. Shoppers at the stores will be able to order
merchandise by touching pictures on a computer screen.
Items sold on computer normally are not available in stores. The computer will also allow customers to design
rooms to see how the product will look before buying it.
Sam's Club will deliver the merchandise ordered to a customer's home or business.
OfficeMax,
Inc. has opened delivery centers in suburban Detroit and suburban Philadelphia to better
serve its stores and customers. These two are
the first of 10 delivery centers expected to be opened this year.
Alfalfa's
Markets, Inc., a natural food supermarket with locations in CO, WA, NM and British
Columbia, Canada, is increasing its retail space and changing the interior of its Boulder,
CO store to better serve its customers. By
adding 2,800 sq.ft. and changing the layout, the store will be able to offer customers a
floral department and a larger produce section. A
deli, bakery, cafe, juice and expresso bar will be consolidated into one location at the
front of the store. Renovations are expected
to be completed in June.
Lead
Sheet
Big
"M", Inc.
dba
Afaze
Kenneth
Mandelbaum
12
Vreeland Avenue
Totowa,
NJ 07512
201-890-0021,
Fax 890-4075
Accessories
The
four-unit chain operates locations in NJ and NY. The
accessories stores use spaces of 800 sq.ft. to 1,000 sq.ft. in regional malls and downtown
store fronts. Plans call for two openings in
the coming 18 months. Expansion will take
place in the existing markets. Demographic
requirements include a population of 75,000 within three miles earning $37,000 as the
average income.
Ben
Franklin Retail Stores, Inc.
dba
Ben Franklin Crafts
Donald
Erikson
500
East North Avenue
Carol
Stream, IL 60188
708-462-6100,
Fax 690-1356
Arts
& Crafts/Variety
The
company operates 275 craft stores and 582 variety stores in 49 states. The stores, selling artificial flowers, framing
and home decoration products, occupy spaces of 16,000 sq.ft. in power and strip centers as
well as freestanding facilities. Preferred
anchors include T.J. Maxx, Marshalls, Pier 1, fashion stores and supermarkets. Plans call for 45 openings in the coming 18
months. Expansion will take place nationwide. Demographic requirements include a population of
100,000 within five miles earning $35,000 as the average income. The company is franchising.
Monro
Muffler Brake
C.W.
Abbott
PO Box
22720
Rochester,
NY 14692
716-427-2280,
Fax 427-2295
Automotive
The
235-unit chain operates its automotive service facilities at locations in ME, NH, VT, CT,
MA, NY, PA, NJ, MD, DE, VA, WV and OH. Freestanding
facilities of 4,500 sq.ft. are used. Preferred
anchors include grocery stores. Plans call
for 75 openings in the coming 18 months. Expansion
will take place in the existing markets as well as IN, TN, KY, NC and MI. Leases running 10 years are typical.
Paccar
Automotive, Inc.
dba
Grand Auto, Al's Auto
Joseph
Beynon
1400
North Fourth Street
Renton,
WA 98053
206-251-7086,
Fax 251-7093
Automotive
The
122-unit chain operates locations in CA, WA, AK, ID and NV.
The auto parts and accessories chain occupy spaces of 7,000 sq.ft. in strip centers
and freestanding facilities. Preferred
anchors include video stores and grocery stores. Plans
call for 12 openings in the coming 18 months. Expansion
will take place in CA and WA. Demographic
requirements include a population of 40,000 within three miles having a household income
of $40,000. Leases running five years are
typical.
Heritage
Commercial
dba La
Petite Academy
Jerry
Prescott
4243
Dunwood Club Drive
Atlanta,
GA 30350
404-395-9111,
Fax 394-0867
Child
Care
The
700-unit chain operates locations nationwide. The
child care centers occupy freestanding facilities of 15,000 sq.ft. Plans call for one opening in the coming 18
months. Expansion will take place in MD.
Petroleum
Sales, Inc.
dba
Bud's Convenience Stores
J.
Stratton Orr
2030
Market Street N.E.
Decatur,
AL 35601
205-353-2561,
Fax 340-2332
Convenience
Store
The
16-unit chain operates locations in AL. The
convenience stores, which also sell gasoline, occupy spaces of 2,000 sq.ft. to 3,000
sq.ft. in strip centers and freestanding facilities.
Plans call for three openings in the coming 18 months. Expansion will take place in the Tennessee Valley. Demographic requirements include a population of
50,000 within five miles earning $30,000 as the average income.
Jamesway
Corp.
dba
Jamesway
Kenneth
Simon
40
Hartz Way
Secaucus,
NJ 07096-1526
201-330-6000,
Fax 330-6278
Discount
Department Store
The
90-unit chain operates locations in NY, NJ, PA, DE, MD, VA and WV. The stores occupy spaces of 70,000 sq.ft. in power
and strip centers. Preferred anchors include
grocery stores. Plans call for the opening of
four units in the coming 18 months. Expansion
will take place in the existing markets. Demographic
requirements include a population of 40,000 to 50,000 within 10 miles earning $40,000 as
the average income. Leases running 10 to 20
years are typical.
MPI
School and Instructional Supply
dba
The Teacher's Store
Shelley
Lowe
1200
Keystone
Lansing,
MI 48910
517-393-0440,
Fax 393-8884
Educational
Supplies
The
five-unit chain operates locations in MI and IL. Specializing
in educational materials, the stores occupy freestanding facilities of 6,000 sq.ft. Preferred locations include peripherals of
regional malls and power centers. Plans call
for two openings in the coming 18 months. Expansion
will take place in IL, OH and WI. Demographic
requirements include a population of 125,000 within 10 miles earning at least $48,000 as
the average income. The company prefers to
purchase its locations.
Menard,
Inc.
dba
Menards
Marvin
Prochaska
4777
Menard Drive
Eau
Claire, WI 54703
715-876-2207,
Fax 876-5010
Home
Improvement
The
105-unit chain operates locations in ND, SD, NE, IA, MN, WI, MI IN and IL. The home improvement stores occupy spaces of
80,000 sq.ft. to 160,000 sq.ft. in power and strip centers as well as freestanding
facilities. Plans call for 25 openings in the
coming 18 months. Expansion will take place
in the existing markets. The company is
currently looking for 12-acre sites, freestanding facilities, in addition to anchor
positions in power centers and malls. For new
construction the stores will occupy 160,000 sq.ft. while existing buildings of 80,000
sq.ft. to 160,000 sq.ft. are of interest.
Miller
Bros. Wallpaper & Paint
Bob
Schmank
PO Box
12210
Cincinnati,
OH 45212
513-531-1517,
Fax 531-1520
Home
Decor
The
nine-unit chain operates locations in KY and OH. The
stores, selling paint and supplies, wallcoverings and window treatments, occupy spaces of
2,500 sq.ft. in strip centers. Plans call for
two openings in the coming 18 months. Expansion
will take place in KY and OH.
Helzberg's
Diamond Shops, Inc.
dba
Helzberg's Diamonds
Louise
McPeek Williams
1825
Swift
North
Kansas City, MO 64116
816-480-0319,
Fax 480-0301
Jewelry
The
14-unit chain operates locations in OH, IL, MI, NC and MN.
The stores occupy spaces of 4,500 sq.ft. in power centers and freestanding
facilities. Plans call for 30 openings in the
coming 18 months. Expansion will take place
in PA, VA, NY, WI and IN. Leases running 10
years are typical.
King's
of New Castle, Inc.
dba
King's Jewelry
Dale
Perelman
26
East Washington Street
New
Castle, PA 16101
412-654-5531
Jewelry
The
31-unit chain operates locations in PA, OH and WV. The
stores occupy spaces of 1,100 sq.ft. in regional malls, outlet, power and strip centers. Preferred anchors include department stores. Plans call for three openings in the coming 18
months. Expansion will take place in OH and
PA. Demographic requirements include a
population of 100,000 within five miles earning $25,000 as the average income. Leases running seven to 10 years are typical.
GKM
Enterprises, Inc.
dba
Hooper Camera & Video
Gary
Williams
5059
Lankershim Boulevard
North
Hollywood, CA 91601
818-762-0454
Photo
The
nine-unit chain operates locations in CA. The
photo equipment and one-hour film processing stores occupy spaces of 1,800 sq.ft. in
outlet and strip centers. Preferred anchors
include grocery stores. Plans call for one
opening in the coming 18 months. Expansion
will take place in CA. Leases running five
years are typical.
Cat's
Compact Disc, Records & Cassette
Cat's
Music
Chuck
Thatcher
PO Box
22773
Nashville,
TN 37202
615-255-7315,
Fax 255-7329
Record
Store
The
20-unit chain operates locations in TN, AL and IN. The
record stores, selling pre-recorded music and related accessories, occupy spaces of 2,500
sq.ft. to 5,000 sq.ft. in strip centers, downtown locations and freestanding facilities. Preferred anchors include drug stores, video
stores, book stores, grocery stores and Radio Shack.
Plans call for five openings in the coming 18 months. Expansion will take place on the Gulf Coast, in
addition to NC, AL and GA. Demographic
requirements include a population of 50,000 within five miles earning $30,000 as the
average income. Leases running five years
with two five-year options are typical.
Mail
Boxes Etc. USA
dba
Mail Boxes Etc.
Real
Estate Department
6060
Cornerstone Ct. West
San
Diego, CA 92121
619-455-8972,
Fax 546-7488
Specialty
The
2,500-unit chain operates locations nationwide. The
stores offer mailing services using spaces of 900 sq.ft. to 1,500 sq.ft. in strip centers,
downtown locations and freestanding facilities. Preferred
anchors include grocery stores. Growth
opportunities are sought nationwide. Leases
running five years with a five-year option are typical.
The company is franchising.
Nevada
Bob's Golf & Tennis
dba
Nevada Bob's Pro Shop
Bob
Hulley
3311
East Flamingo Road
Las
Vegas, NV 89121
702-451-3333,
Fax 451-9378
Sporting
Goods
The
325-unit chain operates locations worldwide. Selling
golf and tennis equipment, the stores occupy spaces of 4,000 sq.ft. in strip centers and
freestanding facilities. Plans call for 20
openings in the coming 18 months. Expansion
will take place in existing markets. Demographic
requirements include a population of 200,000 within 15 miles earning $35,000 as the
average income. Leases running three to five
years are typical. The company is
franchising.
Mayfair
Supermarkets
dba
Foodtown
Kevin
Keenan
681
Newark Avenue
Elizabeth,
NJ 08510
908-352-6400,
Fax 352-0103
Supermarket
The
29-unit chain operates locations in NJ. The
stores occupy spaces of 44,000 sq.ft. in strip centers and freestanding facilities. Preferred anchors include Kmart and Wal*Mart. Plans call for three openings in the coming 18
months. Expansion will take place in NJ.