Issue 14 for the week of April 21, 1995

The Dealmakers Issue Number 14 for the week of April 21, 1995

Auto Tenants Cruise for Sites

Aid Auto Stores, Inc. trades as Aid Auto Stores at more than 90 locations in NJ and NY. The automotive parts and accessories stores occupy spaces of 4,000 sq.ft. to 7,000 sq.ft. in strip centers and freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Barbara Incremona, Aid Auto Stores, Inc., 275 Grand Boulevard, Westbury, NY 11590; 516-338-7889, Fax 338-7803.

Discount Auto Parts, Inc. does business as Discount Auto Parts at 225 locations in AL, FL and GA. The automotive parts stores occupy spaces of 6,000 sq.ft. in end caps of strip centers and freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Cliff Wiley, Discount Auto Parts, Inc., 4900 Frontage Road S., Lakeland, FL 33802; 813-687-9226, Fax 284-2052.

Foreign Autopart, Inc. trades as Foreign Autopart at 24 locations In MA, NY, RI, ME and CT. The stores, selling auto parts for foreign cars, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in freestanding facilities. Plans call for three openings in the coming 18 months. Expansion will take place in MA and ME.

For more information, contact Todd Patkin, Foreign Autopart, Inc., 1205 U.S. Route One, Sharon, MA 02067; 617-784-1111, Fax 784-1100.

Consumer Auto Parts, Inc. trades as Consumer Auto Parts at 11 locations in Central MA. The discount retail automotive parts stores occupy spaces of 4,500 sq.ft. to 5,000 sq.ft. in strip centers and freestanding facilities. Plans call for up to three openings in the coming 18 months. Expansion will take place in MA. Leases running 10 years are typical.

For more information, contact Merrill L. Cohan, Consumer Auto Parts, Inc., 222 Summer Street, Worcester, MA 01604; 508-798-1827, Fax 799-5734.

AFG Industries does business as Safeway Glass at 623 locations nationwide. The stores, selling and installing auto glass and related items, occupy spaces of 1,500 sq.ft. to 2,500 sq.ft. in strip centers and freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in AR and NY.

For more information, contact Mark Carl, AFG Industries, 1105 Schrock Road, Columbus, OH 43229; 614-842-3000, Fax 842-3252.

All-Car Distributors, Inc. trades as All-Car Automotive Centers at 23 locations in WI. The discount automotive parts stores occupy freestanding facilities of 12,000 sq.ft. to 16,000 sq.ft. Plans call for up to four openings in the coming 18 months. Expansion will take place in the existing market. Leases running 10 to 15 years are typical.

For more information, contact Les Seigel, All-Car Distributors, Inc., 2440 Highway 45 South, Antigo, WI 54409; 715-623-3791, Fax 623-7239.

Who's Opening & Where...

Avenue Auto Parts, Inc. (803-254-8299) trades as Quality Auto Parts at eight locations in SC. The company plans to open a store in Gaston, SC during September.

Rodi Automotive, Inc. (516-484-9500) trades as Auto Barn Stores at 17 locations in NY. The company plans to open a store in NY this year.

Docano's Deli & Grille (706-323-6955) which operates four deli-style stores in Columbus, GA, plans to open at least 50 stores by the year 2000.

Home Depot, Inc. (404-433-8211) recently opened a 103,000 sq.ft. store in Totowa, NJ and a 102,000 sq.ft. store in Toms River, NJ. The company operates 346 stores in 28 states and 13 stores in three Canadian provinces.

Dayton's (612-375-3979) plans to open a two-level 225,000 sq.ft. department store at Maplewood Mall in Maplewood, MN during the summer of 1997. The company operates 19 stores, of which 12 units are in MN, and is part of The Department Store Division of Dayton Hudson Corporation, which operates 63 stores in nine states.

Mervyn's (510-786-8581) plans to build a store at Maplewood Mall in Maplewood, MN. The company operates 287 stores in 15 states.

Just for Feet, Inc. (205-987-3450) plans to open 12 company stores this year. The superstore retailer of athletic and outdoor footwear operates 16 company and seven franchised stores in 11 states.

It's Wholesale for Kids (212-736-8850) operates 13 stores, offering children's apparel at off-prices, in NJ and NY. The NY stores trade as Kids Club. The company plans to open one Kids Club store in Newburg, NY this year.

GFT USA Corp. plans to open six outlet units of Emanuel and J.O.E. late this year. Growth will take place on the East Coast this year and expansion to the West Coast is expected to take place next year. Emanuel offers women's bridge sportswear from Emanuel Ungaro. J.O.E. offers men's sportswear from Joseph Abboud. The stores use spaces of 2,500 sq.ft. in outlet centers. The company, which only accepts written proposals, can be reached by writing to Neal Leavitt, VP-Retail Division, GFT USA Corp., 650 Fifth Avenue, New York, NY 10019.

Baccarat Crystal (908-225-9600) opened its first outlet store last fall at Castle Rock Factory Shops in CO. The company plans to open one factory outlet store in 1995 at an undetermined location.

Linea Garbo (407-345-2849), a retailer of women's shoes and accessories, opened its first outlet store last month at International Designer Station in Orlando, FL.

Asics Tiger Corp. (714-962-7654) plans to open two outlet stores in Camarillo and Cabazon, CA. The Camarillo store, which opened this month, is located in Camarillo Factory Stores. The 4,000 sq.ft. store carries Asics athletic footwear, apparel, accessories, skiwear and golf equipment. The 2,470 sq.ft. Cabazon store, which is located at Desert Hills Factory Stores, expects to open next month.

Ames Department Stores (203-257-2000) plans to open a 52,432 sq.ft. store in Dudley Plaza in Dudley, MA this summer. The company operates 305 stores in 11 Northeastern states and Washington, D.C.

Special Tee Golf (407-834-1900) plans to open its first store in Biloxi, MS next month. The discount golf equipment chain operates 27 stores in AL, FL, KY and OH.

Borders, Inc. (313-995-7262) plans to open a Borders Books and Music store at South Towne Centre in Miamisburg, OH this year.

Arby's, Inc. (800-305-2729) has opened 53 stores in the past year including two Roast Town dining concept stores in South Florida. Of the 53 restaurants to open, 14 are company-owned, 36 are franchised and three are in international markets, one each in South America, Indonesia and Canada. The company, which operates 2,800 units, plans to open 200 restaurants this year.

Montgomery Ward (312-467-2000) plans to open a 107,000 sq.ft. store at Fairgrounds Mall in Reading, PA.

Spiegel (708-986-8800) recently opened a 24,750 sq.ft. Spiegel Outlet store in Tanger Factory Outlet Center in San Marcos, TX.

United Artists Theatre Circuit, Inc. (303-792-8255) plans to open a 14-screen, 60,000 sq.ft., two-level complex at Dulles Town Center in Dulles, VA.

Sears (708-286-2500) plans to open 19 dealer stores in OK as part of its plan to open 800 dealer stores nationwide by the year 2000.

Abco Markets (602-222-1600) plans to open three supermarkets in AZ during 1995. The company operates 75 stores in AZ.

First Trading Corp. (201-867-6005), selling missy apparel under the tradename of Group USA, plans to open three outlet stores. The stores will be opened in Vero Beach, FL, Williamsburg, VA and Franklin Mills, PA. The company operates 12 outlet stores in FL, NJ, MD, TX, IL and CO.

White Hen Pantry (708-833-3100) plans to open convenience stores in Grey Lake and Kerry, IL this year. The company, which operates 350 stores in WI, IL, IN, MA and NH, is also looking for sites in the Chicago, IL and Boston, MA markets.

Lillie Rubin Affiliates, Inc. (305-624-4200) trades as Lillie Rubin at 76 locations nationwide. The high-end ladies apparel company plans to open a store in Reno, NV this year.

Central Tractor Farm & Country, Inc. (515-266-3101) plans to open its second Des Moines, IA store this fall. The company recently opened stores in MD and OH and plans to open five more by October. Another 10 to 12 stores are planned for 1996. The company operates 61 stores primarily in the Northeast.

Fred Meyer, Inc. (503-232-8844) trades as Fred Meyer Stores at 171 locations in UT, ID, WA, AK, MT and CA. The department store company plans to open six units this year. Stores are planned for Monroe, Lake City, Renton and Kennewick, WA, as well as West Jordon and Salt Lake City, UT.

Gilbert/Robinson, Inc. (816-756-2200) trades as Houlihan's at 60 locations nationwide. The restaurant chain plans to open two company-owned stores this year. Restaurants are planned for Short Hills, NJ and Leewood, KS. An additional five to seven franchised restaurants are planned to open this year as well.

The Original Pancake House (503-246-4955) recently opened restaurants in Kirkland, WA, Wayzata, MN and Dallas, TX. The chain is planning to open units in Montgomery, OH, Austin, TX and Rancho Santa Fe, CA this year. The company operates 66 restaurants nationwide.

Tandy Corp. (817-390-3224) plans to open 500 Radio Shack stores by the year 2,000. Areas targeted for expansion include New York City, Los Angeles, Denver, St. Paul, Cincinnati, Austin, Las Vegas and Honolulu. The company currently operates 6,500 Radio Shack stores nationwide.

Lease Signings

The Cafaro Company (216-747-2661) leased 741 sq.ft. to Cinnabon Cinnamon Rolls at South Hill Mall in Puyallup, WA; 800 sq.ft. to Cinnabon Cinnamon Rolls at Eastwood Mall in Niles, OH; 1,230 sq.ft. to Software Etc. at Millcreek Mall in Erie, PA and 800 sq.ft. to Nectar USA, Inc. for a Natures First Skin store at Spotsylvania Mall in Fredericksburg, VA.

Breslin Realty Development Corp. (516-741-7400) leased 18,901 sq.ft. to Staples at Voice Plaza in Carle Place, NY and 20,000 to Staples at The Hub in Hempstead, NY.

Hicks & Rotner Associates, Inc. (301-823-4250) leased 12,400 sq.ft. to Petco at Enchanted Forest Shopping Center in Ellicott City, MD and leased 10,000 sq.ft. to Rite Aid for a Baltimore, MD store.

Gold & Company, Inc. (412-471-4455) leased 2,164 sq.ft. to Central Blood Bank at Andre Plaza in Ross Township, PA.

Mid-America Asset Management Co. (708-954-7300) leased 12,300 sq.ft. to Factory Card Outlet at Westview Center in Hanover Park/Streamwood, IL; 9,000 sq.ft. to Fashion Bug at Kedzie Plaza in Chicago, IL; 2,514 sq.ft. to Jenny Craig Weight Loss Centers, Inc. at Park Place Shopping Center in Palatine, IL; 1,350 sq.ft. to Ashley's Flowers at Park Place Shopping Center; 1,200 sq.ft. to Fantastic Sam's at Red Top Plaza in Libertyville, IL; 2,000 sq.ft. to Creative Cellular at Elk Crossing in Elk Grove, IL; 1,125 sq.ft. to Pak Mail at Woodgrove Festival in Woodridge, IL and 790 sq.ft. to Allstate Insurance at Highland Square in Morton Grove, IL.

The Sansone Group, Inc. (314-822-9009) leased 19,504 sq.ft. to Michaels Arts & Crafts at Olympic Oaks Village in St. Louis County, MO.

Montgomery Group Affiliates (610-825-7100) leased 15,000 sq.ft. to Pennsylvania House Factory Outlet; 7,500 sq.ft. to Pfaltzgraf Factory Clearance Center; 15,000 sq.ft. to Book Warehouse and 750 sq.ft. to Park Avenue Hosiery at Manufacturer's Outlet Mall in Morgantown, PA.

Neal Realty & Investments, Inc. (305-568-0530) leased 2,531 sq.ft. to Interstate Brands, Inc. for a Holsum Bakery at the Goodwill Building in Lake Park, FL; 1,911 sq.ft. to European Homemade Sausage at the Mayo Plaza in Hollywood, FL, and 750 sq.ft. to David Jones for a baseball card exchange store at McNab 7 Plaza in North Lauderdale, FL.

KLNB, Inc. (410-321-0100) leased 6,000 sq.ft. to Good Stuff Cheap in Bel Air, MD; 2,618 sq.ft. to Play It Again Sports at Westridge Square Shopping Center in Frederick, MD; 6,740 sq.ft. to Anne Arundel Medical Center at Valu Food Festival in Severna Park, MD and 2,205 sq.ft. to The Canopy restaurant at Robert's Field Shopping Center in Hampstead, MD.

Neal*Mannausa, Inc. (813-365-1511) leased 800 sq.ft. to Maple Creek Lamp Factory Outlet at Bay Road Plaza in Sarasota, FL.

Western Investment Real Estate Trust (916-791-0600) leased 8,400 sq.ft. to Hollywood Entertainment Corp. at Raley's Shopping Center in Yuba City, CA and 34,765 sq.ft. to Heald Colleges of California in Milpitas Retail Center in Milpitas, CA.

Kimco Realty Corp. (407-477-5818) leased 40,214 sq.ft. to Baby Superstore at Coral Way Plaza in Dade County, FL.

Paster Enterprises (612-646-7901) leased 910 sq.ft. to Rocco's Pizza at Doddway Shopping Center in West St. Paul, MN and 3,650 sq.ft. to Mendota Liquors at Mendota Plaza in Mendota Heights, MN.

Buyers & Sellers of Commercial Properties

Blu-Reich Co., Inc. has the listing to sell two commercial properties owned by Harper & Associates, one in Winston-Salem, NC and the other in Memphis, TN. Both properties are single-tenant retail sites and have triple net leases with solid corporate guarantees. In Winston-Salem, the primary term expires December 31, 2001. In Memphis the primary term expires August 31, 2008. Both leases contain rental increases and options to extend. Both properties have mortgage balances which may be assumed. The Winston-Salem loan is at 8.71% and the Memphis property is mortgaged at 10.86%. The company has the listing to sell a fully-leased 20,500 sq.ft. neighborhood strip center in Nashville, TN. An existing mortgage of $890,000 may be assumed. The company also has a co-listing, along with Centennial, Inc., to sell two adjoining parcels, each approximately 1.5 acres, in Crossville, TN. The site is on the main highway leading into Crossville and is adjacent to a new Loew's. The site is ideal for a restaurant.

For details, contact Jim Blumberg at (615-385-9041), Fax (298-1831). For details on the land for sale, contact either Jim Blumberg or Arthur Perlen at (615-320-7500), Fax (320-1458).

Charter Realty & Development Corp. announces the sale of the 112,000 sq.ft. former Pace Building in Enfield, CT. It was a three-way transaction involving Pace Membership Warehouse, REPOA and First Union Bank.

For details, contact Dan Zelson at (203-629-3939).

Capital Realty Advisors is in the market to purchase strip centers having GLAs of at least 100,000 sq.ft. Sites located in FL and TX are of interest.

For details, contact Donna McDonald at (407-744-1088), Fax (744-9374).

Kin Properties is in the market to purchase single tenant triple net properties with rents below market or no cash flow deals.

For details, contact Lee Cherney at (914-683-8080), Fax (683-8088).

Ray Wilkerson Companies represented the buyer of The Brookhollow and Brookhollow North Shopping Center in San Antonio, TX. Anchored by H.E.B. Grocery stores, the centers contain a total of approximately 164,000 sq.ft.

For details, contact Jeff Latimer or Nancy Thompson at (512-458-5993), Fax (458-1648).

CBL & Associates Properties purchased the 768,000 sq.ft. Westgate Mall in Spartanburg, SC for $25.3 million and the 124,000 sq.ft. Suburban Plaza in Knoxville, TN for $7 million. The company plans to renovate and expand Westgate Mall by 111,000 sq.ft. and plans to renovate Suburban Plaza.

For details, contact CBL & Associates Properties at (615-855-0001).

Developers Diversified Realty announces that it has purchased two shopping centers. The first is located in Mt. Pleasant, SC and the second is located in Jacksonville, FL. The combined GLAs of the centers is 406,569 sq.ft. and the company paid a combined $24.8 million for the sites.

For details, contact Developers Diversified Realty at (216-247-4700).

Horizon Outlet Centers, Inc. purchased the 118,700 sq.ft. Manufacturers Marketplace in Holland, MI. The company bought the site from A.P. Holland, Inc. for $8 million.

For details, contact Horizon Outlet Centers, Inc. at (616-728-5170).

First Washington Realty Trust purchased four Richmond, VA area shopping centers from United Dominion Realty Trust, Inc. for a total of $21.2 million. The centers, which have combined GLA of over 400,000 sq.ft., include Laburnum Park, which is anchored by Ukrop's Super Market; Glen Lea, which is anchored by Winn-Dixie; Laburnum Square, which is anchored by The Grocery Store; and Hanover Village, which is also anchored by The Grocery Store. Other tenants include Rite Aid, Revco and CVS. The transaction is expected to close by July.

For details, contact First Washington Realty Trust at (301-907-7800).

Grubb & Ellis has the listing to sell a 26,500 sq.ft. freestanding building in the northwest quadrant of Atlanta, GA. The property has strong demographics and a high traffic count. The company also has the listing to sell 10 retail sites currently leased to Church's/America's Favorite Chicken. Total annual income is $77,830. The asking price is $775,000 based on a 10% cap rate.

For details on the Atlanta building, contact Steve Eiberger or Sharon Pruitt and for details on the Church's properties, contact Phil Barry or Sara Caban at (404-522-5477), Fax (521-6463).

Mid-America Asset Management Co. brokered the sale of the 165,000 sq.ft. Plaza Shops shopping center in Arlington Heights, IL. The site is anchored by Pier 1 Imports, Blockbuster Video and The Cosmetic Center. The buyer, represented by Brackney & Associates, is a private investment group that plans to reposition and redevlop the center.

For details, contact Richard E. Spinell at (708-954-7300).

Benjamin E. Sherman & Sons, Inc. has the listing to sell the 31,357 sq.ft. Ace Hardware Center in Wauconda, IL. The center has a good tenant mix all with triple net leases that contain fixed rental increases. NOI in 1995 is $206,974.

For details, contact Daniel J. Hyman at (312-220-9000), Fax (220-9114).

Lead Sheet

Alliance Stores, Inc.

dba Designer Brands Accessories

Robert Greening

711 Mission Street/ Suite C

S. Pasadena, CA 91030

818-403-9222, Fax 403-8940

Accessories

The 28-unit chain operates locations in CA, OR, MI, PA, FL, NY, NV, IN and IL. The women's accessories stores, selling sunglasses, watches, leather goods and handbags at moderate to upper-moderate prices, occupy spaces of 1,200 sq.ft. to 3,000 sq.ft. in outlet and power centers. Growth opportunities are sought in the existing markets.

Knot Shop Limited Partnership

dba Knot Shop

Marshall Felenstein

47 East 77th Street/ Suite 205

New York, NY 10021

212-772-9829, Fax 535-9108

Accessories

The 26-unit chain operates locations in VA, IL, MA, CT, MO, OH, NV, NJ, MD, PA, CA, NY, DE, GA, OR and WA. The men's accessories stories occupy spaces of 500 sq.ft. to 800 sq.ft. in regional malls and downtown store fronts. Preferred anchors include Lord & Taylor. Plans call for up to 18 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running seven to 10 years are typical.

Allied Hobbies, Inc.

dba Allied Hobbies

Bernard Cohen

3195 Tucker Road

Bensalem, PA 19020

215-639-7247, Fax 639-0703

Arts/Crafts

The 10-unit chain operates locations in PA and NJ. The stores, selling arts and crafts, hobby kits and skateboards, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in regional malls. Plans call for one opening in the coming 18 months. Expansion will take place in PA. Leases running seven to 10 years are typical.

WNS, Inc.

dba Wallpapers To Go

Wicks 'N Sticks

Maryanne Young

PO Box 4586

Houston, TX 77210

713-874-0800, Fax 874-3655

Arts/Crafts

The 260-unit chain operates 192 Wicks 'N Sticks stores and 68 Wallpaper To Go stores nationwide. The stores occupy spaces of 800 sq.ft. to 3,500 sq.ft. in regional malls and freestanding facilities. Plans call for the opening of 25 Wicks 'N Sticks stores and five Wallpaper To Go stores in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical.

Bob Bolen's Inc.

dba Bolen's, Jans Hallmark

Masons Hallmark

Mason Townsend

3038 S.E. Loop 820

Fort Worth, TX 76140

817-568-2006, Fax 568-2008

Cards/Gifts

The 17-unit chain operates locations in TX. The card and gift stores occupy spaces of 3,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the Dallas-Fort Worth and San Antonio, TX areas.

Best Products Co., Inc.

dba Best Products

Mike Distel

1400 Best Plaza

Richmond, VA 23227

804-261-2396, Fax 261-2250

Catalog Showroom

The 162-unit chain operates locations nationwide. The stores occupy spaces of 52,000 sq.ft. in power and strip centers as well as freestanding facilities. Plans call for 11 openings in the coming 18 months. Expansion will take place nationwide.

Burlington Coat Factory Warehouse

Mrs. Lee Kilcollum

1830 Route 130 North

Burlington, NJ 08016

609-387-7800, Fax 387-7071

Department Store

The 240-unit chain operates locations nationwide. The stores, selling family apparel focusing on outerwear, occupy spaces of 50,000 sq.ft. to 120,000 sq.ft. in regional malls, power and strip centers as well as freestanding facilities. Growth opportunities are sought nationwide.

C.R. Anthony Co.

dba Anthonys

Gary Newgent

701 N. Broadway

Oklahoma City, OK 73102

405-278-7435, Fax 278-7500

Department Store

The 200-unit chain operates locations in AR, AZ, CA, CO, KS, LA, MO, MT, NM, OK, TX and WY. The junior department stores, offering apparel at moderate price points, occupy spaces of 18,000 sq.ft. to 25,000 sq.ft. in power and strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place in the existing markets.

99 Cents Only Stores

dba Bargain Wholesale

Jeff Gold

4000 E. Union Pacific Avenue

City of Commerce, CA 90023

213-980-8150, Fax 980-8160

Discount Store

The 34-unit chain operates locations in CA. The general merchandise stores occupy spaces of 10,000 sq.ft. in downtown store fronts, strip centers and freestanding facilities. Plans call for up to five openings in the coming 18 months. Expansion will take place in ND. Preferred demographics include a population of 25,000 within one mile.

J. R. Holcomb & Company

dba Holcomb's Educational Materials

David J. Krulcik

3205 Harvard Avenue

Cleveland, OH 44101

216-341-3000, Fax 341-5151

Educational Materials

The 10-unit chain operates locations in OH and PA. The stores occupy spaces of 4,000 sq.ft. in strip centers. Preferred anchors include T.J. Maxx. Plans call for up to three openings in the coming 18 months. Expansion will take place in OH, PA and MI. Preferred demographics include a population of 150,000 within five miles earning at least $50,000 as the average income. Leases running five years with a five-year option are typical.

Tempo One-Stop Music, Inc.

dba Tempo Music, ABD Video

Joel Overstein

45 W. Easy Street

Simi Valley, CA 93065

805-579-2500, Fax 583-0628

Electronics

The 35-unit chain operates locations in HI and southern CA. The audio and video products stores occupy spaces of 2,000 sq.ft. to 10,000 sq.ft. in regional malls, strip centers and freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in CA. Leases running five to 10 years are typical.

Good Times Restaurants Inc.

dba Good Times, Round The Corner

David Kitzes

8620 Wolff Court/ Suite 300

Westminster, CO 80030

303-427-4421, Fax 427-4470

Food

The 37-unit chain operates 22 Good Times Drive Thru (Good Times) restaurants in CO and 15 Round The Corner (RTC), sit-down restaurants in CO and Dallas, TX. Good Times units occupy spaces of 880 sq.ft. on a land area of 20,000 sq.ft. to 25,000 sq.ft., while spaces of 4,000 sq.ft. are used in malls and pad sites for RTC units. Plans call for the opening of 18 Good Times restaurants in the coming eight months. Expansion will take place in the Western region.

Ocean State Jobbers Inc.

dba Ocean State Joblot, Yankee Trader

John Conforti

360 Callahan Road

North Kingston, RI 02852

401-884-0556, Fax 885-0359

General Merchandise

The 25-unit chain operates locations in RI, CT and MA. The general merchandise stores, selling health and beauty aids, hardware and housewares, occupy spaces of 20,000 sq.ft. in regional malls, outlet, power and strip centers. Growth opportunities are sought in the existing markets.

Accent Hair Salons, Inc.

dba Accent Hair Salon

Claude Patmon

211 S. Main Street/ Suite 720

Dayton, OH 45402

513-461-0394, Fax 223-3221

Hair Salon

The 11-unit chain operates locations in OH, KY, GA, MD, IN, MI and Washington, D.C. The salons, which specialize in African-American clientele, occupy spaces of 1,600 sq.ft. to 1,800 sq.ft. in regional malls and power centers. Plans call for two openings in the coming 18 months. Expansion will take place in MD and TX.

Piercing Pagoda, Inc.

dba Piercing Pagoda

Lisa Sankovsky

PO Box 25007

Lehigh Valley, PA 18002

610-691-0437, Fax 694-9077

Jewelry

The 332-unit chain operates locations nationwide. The stores occupy kiosk spaces of 144 sq.ft. in regional malls. Plans call for up to 60 openings in the coming 18 months. Expansion will take place nationwide.

Sedgwick Sales, Inc.

dba The Golden Chain Gang

Hugh Yancy

1040 Calle Recodo

San Clemente, CA 92673

714-366-8610, Fax 366-8620

Jewelry

The 200-unit chain operates locations nationwide. The stores occupy kiosk spaces of 144 sq.ft. to 180 sq.ft. in regional malls. Plans call for up to 35 openings in the coming 18 months. Expansion will take place nationwide.

PWS, Inc.

dba Launderland

Eric Steinberg

2710 S. Yates Avenue

Los Angeles, CA 90040

213-721-8832, Fax 724-4895

Laundromat

The 40-unit chain operates locations in CA. The laundromats occupy spaces of 1,800 sq.ft. to 4,000 sq.ft. in strip centers and freestanding facilities. Plans call for up to 30 openings in the coming 18 months. Expansion will take place in CA.

CD Superstore, Inc.

dba Planet Music

Paul Mayer

Brightleaf Sq.

905 W. Main Street

Durham, NC 27701

919-493-4252, Fax 493-6188

Music

The 10-unit chain operates locations in NC, MD, TX, VA and TN. The music stores occupy spaces of 22,000 sq.ft. to 30,000 sq.ft. in end-caps, power and strip centers as well as freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in NC and OH.

D.O.C. Optics Corp.

dba D.O.C. Optics

Steven Laffey

19800 W. 8 Mile Road

Southfield, MI 48075

Optical

The 126-unit chain operates locations in FL, IL, IN, MD, MI, MO, OH and WI. The stores occupy spaces of 1,200 sq.ft. to 4,000 sq.ft. in regional malls and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in FL, MI and OH. Leases running five to 10 years are typical. The company is franchising.

AF&G Supply, Inc.

dba Wild Bird Marketplace

John Gardner

710 W. Main Street

New Holland, PA 17557

717-354-2841, Fax 354-0425

Pet Supply

The 30-unit chain operates locations in FL, CO, NC, WI, NJ, NY, OH, SC, PA, IN, MO and Canada. The stores, selling wild bird products, occupy spaces of 2,000 sq.ft. in strip and specialty centers as well as freestanding facilities. Plans call for 12 openings in the coming 18 months. Expansion will take place throughout North America. The company is franchising.

Tersam Management, Inc.

dba Gateway Newsstands

Terry Samuels

30 E. Beaver Creek Road #206

Richmond Hill,

Ontario, CN L4B 1J2

905-886-8900

Service

The 180-unit chain operates locations throughout North America. The stores, selling candy, tobacco, magazines and newspapers, occupy spaces of 200 sq.ft. in regional malls. Plans call for 20 openings per year. Expansion will take place throughout North America.

Camping World, Inc.

dba Camping World

Tom Walker

3 Springs Road

Bowling Green, KY 42102

502-781-2718, Fax 781-2775

Sporting Goods

The 22-unit chain operates locations in FL, KY, TN, SC, CA, WA, OR, OH, MI, IL and TX. The stores occupy freestanding facilities of 18,000 sq.ft. to 24,000 sq.ft. Plans call for three openings in the coming 18 months. Expansion will take place in MN, NV and NJ.

The Pro Image

Kent Sulser

563 W. 500 South #330

Bountiful, UT 84010

801-292-8777, Fax 292-4603

Sporting Goods

The 253-unit chain operates locations nationwide. The stores occupy spaces of 1,500 sq.ft. to 1,800 sq.ft. in downtown store fronts, regional malls, specialty and outlet centers. Plans call for 33 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years for mall, downtown and specialty center spaces are typical. Leases running five years with a five-year option for outlet spaces are the norm. The company is franchising.

Real Estate Professional Making News

Cody Olson, Inc. announces that Jeffrey W. Higgins has joined the company as Vice President of the newly formed Retail Tenant Services Team.

First Union Management, Inc. announces the appointment of Gregory J. Boyson as leasing representative for the company. Boyson will be responsible for the redevelopment and leasing of Westgate Towne Center in Abilene, TX.

George D. Zamias Developer announces the addition of two executives to its staff. Ben Viloski has been named Senior Vice President, Legal and Leasing Department. Paul Kiratzis has been named Vice President, Specialty Leasing.

The Cafaro Company announces the following organizational promotions. Assuming Director positions: Anthony J. Napoli, Director of Real Estate and Daniel Mancuso, Director of Specialty Leasing.

Trammell Crow Company announces the appointment of Pamela Higgins as Senior Leasing Representative for its Retail Division. She will focus on new business development and project leasing.

Glimcher Realty Trust appointed Michael Glimcher as Vice President of Glimcher Realty Trust and as Vice President of Leasing for Glimcher Properties Limited Partnership, the management and leasing affiliate of the company. As Vice President, he now assumes leasing and management responsibilities for all the company's enclosed regional malls, community shopping centers and single tenant properties.

Conversions & Expansions

The 400,000 sq.ft. Northway Mall in Pittsburgh, PA was recently renovated for approximately $13.5 million. The 33-year-old project is anchored by Dick's Clothing & Sporting Goods, Reading China, Marshalls and Borders Books. The mall is owned and operates by McNeil Real Estate Management.

Food Lion and B.C. Moore plans to move into the former Roses Department Store at Lancaster Square in Lancaster, SC late this year or early next year. Food Lion will occupy 36,000 sq.ft. of the building and B.C. Moore will occupy 25,000 sq.ft. Both Food Lion and B.C. Moore are relocating stores from other parts of the city.

Renovation, expansion and re-merchandising activity was recently completed at Sun Plaza in West Orlando, FL. The 125,235 sq.ft. project, which was the former home of Zayre/Ames store, now has Bally's Fitness, Home Shopping Club, Discovery Zone, Party City, Jennifer Convertible and Pet Supermarket as anchor tenants.

Rappaport Management Company recently received building permits to begin expansion of the 28,000 sq.ft Shopper Food Warehouse to 51,000 sq.ft. at Olney Village Mart in Olney, MD. In conjunction with the expansion, the company plans to renovate the rest of the center.

Glen Oaks Shopping Center in Queens, NY will get a multi-million dollar renovation in the near future. The 225,000 sq.ft. project will also get a 126,000 sq.ft. Caldor as a new anchor. Caldor's construction, along with renovation of the parking lot is part of phase one of construction which is expected to be completed late this year. Phase two plans include renovation of the eastern side of the building and phase three plans include renovation of the western side of the building.

Federated Department Stores announced that it will convert the A&S store in Queens Center to a Macy's and the Macy's store at Rego Park to a Stern's by the end of this month. Federated, which merged with Macy's last year, plans to phase out the 152-year-old A&S chain by converting many of the stores. As part of the conversion plan, the A&S store in A&S Plaza in Brooklyn, NY will become a Stern's and the downtown Brooklyn A&S will become a Macy's. A&S stores in Huntington, Manhasset and Valley Stream, Long Island, Yorktown, NY, Paramus and Short Hills, NJ and Trumbell, CT will be converted into Macy's. The Carle Place, Long Island furniture center will also become a Macy's. A&S stores in Lake Grove, Long Island, Rockland County and White Plains, NY and in Monmouth County, NJ will become Stern's. The A&S store in Roosevelt Fields, NY will be converted into a Bloomingdale's. The store will close at the end of May to undergo renovations and reopen during November.

Expansion of the Tulsa Promenade Mall in Tulsa, OK has begun. The mall, which is owned by Cigna Corp. and managed by The Richard E. Jacobs Group, is anchored by Dillard's, JC Penney and Mervyn's. Plans call for the expansion of the Dillard's department store from its present 155,000 sq.ft. to over 230,000 sq.ft., the construction of a two-story, 180,000 sq.ft. Foley's department store and the construction of a parking garage. Completion of the project is expected by fall 1996.

Financial News

SportsTown, Inc. (404-246-5300) obtained final court approval of its debtor-in-possession financing and its joint venture agreement with The Athlete's Foot. The three-year agreement with The CIT Group/Business Credit, Inc. provides a $40 million credit facility that features DIP and exit financing provisions. The bankruptcy court also approved the company's agreement with The Athlete's Foot to jointly develop a new shoe superstore concept within the company's stores. The first store is scheduled to open in Atlanta next month. SportsTown, which filed for bankruptcy protection in February, operates 23 retail sporting goods megastores in GA, NC, SC, VA, OK and TX.

Monterey Pasta Co. (510-736-9200) has changed its plan to open 80 company-owned restaurants to opening no more than 10 company-owned restaurants this year. The company, which reported a fourth-quarter loss of $2.3 million, also announced an agreement for 75 franchised restaurants in AZ, CO, NM and UT, and recently sold five of its company-owned restaurants in CO to a franchise group. The company intends to convert its remaining 35 company-owned restaurants to franchises as well.

The Mills Corporation (202-965-3600) announced that Peter B. McMillan, President and Chief Operating Officer of the real estate investment trust company, has acquired 4,000 shares of the company's common stock in the open market. McMillan purchased the stock for $16.375 per share.

Gantos, Inc. (616-949-7000) has successfully emerged from Chapter 11 and recently closed on a $40 million revolving credit and letter of credit agreement with NatWest Bank, N.A. as Agent and LaSalle National Bank as co-lender. To get the company back on track, Gantos closed 45 stores, streamlined operations, reduced corporate expenses and implemented merchandising and marketing initiatives. The specialty retailer of women's apparel and accessories operates 114 stores in 23 states.

House of Fabrics (818-995-7000) which filed for Chapter 11 bankruptcy protection in November, received approval for $20 million in debtor-in-possession financing and concluded a transaction with a bank group led by Bank of America for post-petition financing. In strengthening the company, it has added more than $80 million in inventory, downsized its operations, moved from being a traditional apparel fabric store to carrying more products that appeal to customers for home decorating and crafting, and reversed its double-digit decline in sales. The company operates 360 House of Fabrics, So-Fro Fabrics, Fabricland and Fabric King stores in 39 states.

Aileen, Inc. (212-398-9770), which is operating under Chapter 11, obtained interim Bankruptcy Court approval of a new $7 million DIP revolving credit facility with The CIT Group/Business Credit, Inc. The agreement permits the company to borrow up to $5 million to fund its operations and supply its stores with merchandise. The manufacturer and retailer of women's apparel operates 114 stores nationwide.

Solo Serve Corporation (210-662-6262) filed a proposed Plan of Reorganization jointly with the Official Committee of Unsecured Creditors and Texas Commerce Bank, N.A. The proposed plan would provide a cash distribution to unsecured creditors of $.725 for each dollar of allowed unsecured claims. The distribution would be funded from the company's existing resources and from proceeds of a proposed offering of the reorganized company's securities. A hearing on the proposed plan is expected next month. Solo Serve Corporation operates 30 of off-price retail stores in TX, LA and AL.

Morrison Restaurants, Inc.'s (334-344-3000) Board of Directors approved business and financial plans supporting continued earnings growth of 20 percent. The company is anticipating a 25 percent growth in its casual dining group and 20 percent growth in its health care division. In the current fiscal year, the company has sold its business and industry contract food service division, converted its L&N Seafood restaurants to other casual dining concepts, and acquired the Tia's Tex-Mex concept. The company also announced its has entered into a license agreement with Jardine Pacific for the development of Ruby Tuesday restaurants in Hong Kong. As of March, the company owned and operated 325 restaurants in its Ruby Tuesday Group, consisting of Ruby Tuesday, Tia's and Mozzarella's Cafe, and 456 retail and health-care cafeterias in its Morrison Group, including 175 units in its Family Dining Division and 281 food-service accounts in its Health Care Division. The company also reported third quarter net income from continuing operations of $13.142 million, an increase of 23 percent from the same period last fiscal year.

Space Place

Arizona

Phoenix- Smitty's Center is anchored by Smitty's Grocery. The 138,600 sq.ft. project has an end cap space of 4,500 sq.ft. and spaces of 1,235 sq.ft. 5,400 sq.ft. available for lease. The site fronts Bell Road and 32nd Street which generate a combined daily traffic count of 78,000 cars. Other retailers in the area include Abco Grocery, Checker Auto, AMC Theaters and Mega Foods. Demographics include a three-mile population of 101,768 earning $37,143 as the average income and a five-mile population of 210,113 earning $41,936 as the average income.

For details, contact Gregory Abbott of Grubb & Ellis at (602-468-8514), Fax (468-8588).

Delaware

Wilmington- Miller Road Commons is anchored by Caldor, A&P and Thrift Drug. The 175,000 sq.ft. project has a 60,000 sq.ft. supermarket space available for lease. Demographics include a three-mile population of 108,000 earning $53,000 as the average household income and a five-mile population of 199,000 earing $52,000 as the average household income.

For details, contact David Rosen of Rosen Associates Management Corp. at (516-822-5350), Fax (433-3821).

Florida

Sarasota- Palm Plaza Shopping Center is anchored by Kash 'N Karry, Davidson Drugs and Payless Shoe Source. The 115,000 sq.ft. project has a 1,620 sq.ft. space available for lease. Demographics include a three-mile population of 79,000 earning $47,000 as the average household income and a five-mile population of 157,000 earning $51,000 as the average household income.

For details, contact David Rosen of Rosen Associates Management Corp. at (516-822-5350), Fax (433-3821).

Georgia

Brunswick- Glynn Plaza is anchored by Wal*Mart and Eckerd Drugs. The 91,000 sq.ft. project has two spaces of 1,625 sq.ft. and spaces of 2,800 sq.ft. and 19,964 sq.ft. available for lease. The site fronts Altama Road and Cypress Boulevard. Demographics include a three-mile population of 27,000 earning $37,000 as the average income.

For details, contact Joe Savaro of Brahin Properties at (215-563-7222), Fax (563-2449).

Cobb County- Akers Mill Square is anchored by Sports Authority, Toys 'R Us, Office Max and Levitz Furniture. The 347,776 sq.ft. project has spaces of 3,000 sq.ft., 6,000 sq.ft. and 30,000 sq.ft. available for lease. The site fronts Akers Mill Road and US Highway 41 and is located near Cumberland Mall. Renovations are planned for 1995.

For details, contact Greg Levine of Mall Properties, Inc. at (212-935-1330), Fax (832-5369).

Missouri

Independence- Carl's Ridge Shopping Center is anchored by Best Buy. The 150,000 sq.ft. project, which is under construction, has spaces up to 40,000 sq.ft. on a build-to-suit basis available for lease. Also available for lease are four pad sites. Other retailers in the area include Sam's Wholesale Club, Toys 'R Us, Kids 'R Us, Kmart, Bulders Square and Service Merchandise.

For details, contact John Male of Cohen-Esrey Real Estate Services, Inc. at (816-531-8100), Fax (531-4470).