Issue 15 for the week of April 28, 1995

The Dealmakers Issue Number 15 for the week of April 28, 1995.

Video Tenants Focus on New Sites

Palmer Video Corp. trades as Palmer Video at 74 locations in NJ and NY. The stores occupy spaces of 5,000 sq.ft. in strip centers and freestanding facilities. Growth opportunities are sought in the existing markets. Leases running 10 years are typical. The company is franchising.

For more information, contact Gert Elster, Palmer Video Corp., 1767 Morris Avenue, Union, NJ 07083; 908-686-3030, Fax 686-2151.

Cinemark USA, Inc. trades as Two Day Video at 15 locations in TX and GA. The stores occupy spaces of 6,500 sq.ft. in strip centers and freestanding facilities. Plans call for the opening of four units in the coming 18 months. Expansion will take place in TX.

For more information, contact Walter Herbert, Cinemark USA, Inc., 7502 Greenville Avenue/ Suite 800, Dallas, TX 75231; 214-696-1644, Fax 696-3946.

Retail Specialists, Inc. trades as First Row Video at 28 locations in OH, WV, KY and PA. The stores occupy spaces of 6,000 sq.ft. to 8,000 sq.ft. in end caps and freestanding facilities. Plans call for 10 openings in the coming 18 months. Expansion will take place in the existing markets. Leases running five to 10 years are typical.

For more information, contact Tom Straus, Retail Specialists, Inc., 2268 Westbrooke Drive Building K, Columbus, OH 43228; 614-759-3039, Fax 759-9340.

Easy Video operates 30 locations in NJ. The stores occupy spaces of 3,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the existing markets.

For more information, contact Myron Maish, Easy Video, 999 New Durham Road, Edison, NJ 08817; 908-248-1550, Fax 248-1647.

Knapp Video operates seven locations in MA and RI. The stores occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in strip centers and freestanding facilities. Growth opportunities are sought in the existing markets.

For more information, contact Jack Knapp, Knapp Video, 275 Center Street, Newton, MA 02158; 617-965-8244, Fax 965-3401.

Pic-A Flick operates 60 locations in NC and SC. The stores occupy spaces of 5,000 sq.ft. to 8,000 sq.ft. in strip centers and freestanding facilities. Plans call for 12 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 Jim Keith, Pic-A Flick, 120 Garner Road, Spartanburg, SC 29302; 803-585-5640, Fax 591-0767.

Video Update operates 57 locations in MN, WI, MO, IA, IL, IN, PA, NH, VA, SC and WA. The stores occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in end caps and freestanding facilities. Plans call for 40 openings in the coming 18 months. Expansion will take place in the existing markets as well as AZ, CO, NJ and TX. Leases for new construction typically run 10 years with two five-year options.

For more information, contact Bruce Carlson, Video Update, 287 E. 6th Street, St. Paul, MN 55101; 612-222-0006, Fax 297-6629.

Video Watch, Inc. trades as Video Watch at 50 locations in MI, IN, OH, WI and VA. The stores occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in end caps, strip centers and freestanding facilities. Plans call for 30 openings in the coming 18 months. Expansion will take place east of the Mississippi River.

For more information, contact Bud Falsetta, Video Watch, Inc., 836 Phoenix Drive, Ann Arbor, MI 48108; 313-677-0082, Fax 677-2589.

Entertainment Businesses Looking To Expand

Amusement Investment Co. trades as Laser One and Midway at four locations in OH, MI and WV. The family entertainment centers occupy spaces of 3,000 sq.ft. to 6,000 sq.ft. in enclosed malls. Plans call for three openings in the coming 18 months. Expansion will take place in NY and Washington, D.C. Leases running 10 years are typical.

For more information, contact Jerry Kroos, Amusement Investment, Inc., 1590 Alum Creek Drive, Columbus, OH 43209; 614-258-2933, Fax 258-2940.

Stone Amusement Co., Inc. trades as Fun Tunnel at seven locations in MS, TN, GA and KY. The family entertainment centers occupy spaces of 1,800 sq.ft. to 2,200 sq.ft. in power centers and regional malls. Growth opportunities are sought in the Southeast. Preferred demographics include a population of 20,000 within five miles earning $32,000 as the average income. Leases running five years are typical.

For more information, contact Bill Stone, Stone Amusement Co., Inc., 901 East Lincoln Street, Tullahoma, TN 37388; 615-455-4710.

Gorton Group, Inc. trades as Primages International at 75 locations nationwide. The company, which specializes in coin operated kiddie rides and giant gumball machines, uses spaces of 120 sq.ft. in regional malls, specialty and outlet centers. Growth opportunities are sought nationwide. Leases running two years are typical.

For more information, contact Chris Young, Gorton Group, Inc., 70 East Main Street, Little Falls, NJ 07424; 201-256-5566, Fax 256-6645.

Pocket Change operates 85 locations nationwide. The family entertainment centers occupy spaces of 3,000 sq.ft. in regional malls. Plans call for up to eight openings in the coming 18 months. Expansion will take place nationwide.

For more information, contact Art Helmick, Pocket Change, 301 Ruthar Drive, Newark, DE 19711; 302-368-7800, Fax 738-6348.

General Amusements Corp. trades as Replay, Nickelodeon and Times Square at 30 locations nationwide. Featuring video arcade and redemption games, the units occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in regional malls. Plans call for up to 10 openings in the coming 18 months. Expansion will take place in the Midwest. Leases running five to 15 years are typical.

For more information, contact Carl Schmidt, General Amusement Group, 5400 W. Cullom Avenue, Chicago, IL 60641; 312-281-8211, Fax 327-2595.

New Construction

Montgomery Group Affiliates and Trilogy Development recently broke ground on Renaissance Plaza in Atlantic City, NJ. The 74,000 sq.ft. project will be anchored by a 46,000 sq.ft. Thriftway Supermarket, CVS, Family Dollar and One Price Clothing. Leases with other tenants are currently being negotiated. The center is expected to open by Christmas.

For more information, contact Francee Fuller of Montgomery Group Affiliates at (610-825-7100, Ext. 146), Fax (834-8110).

HSS Real Estate, Inc. recently broke ground on The Pointe at Clark Street in Chicago, IL. The 110,000 sq.ft. project will be anchored by Linens 'N Things in 33,140 sq.ft., Marshalls in 38,715 sq.ft. and DSW Shoe Warehouse in 23,600 sq.ft. The five-level enclosed shopping center is highlighted by a three story glass atrium. The site includes three levels of retail space and two levels of parking. A glass elevator provides access between the retail and parking levels and escalators provide access between the three retail levels. The project, which has a development cost of approximately $22 million, is expected to open during Spring 1996.

For more information, contact Mitchell Saywitz of HSS Real Estate, Inc. at (312-849-2044), Fax (849-2050).

Cencor Realty Services, Inc. is currently developing two shopping centers in San Antonio, TX. Ingram Festival, located on N.W. Loop 410 at Roxbury Drive, is a 400,000 sq.ft. power center that is anchored by a 46,426 sq.ft. Best Buy, a 25,200 sq.ft. Barnes & Noble bookstore, a 30,589 sq.ft. Marshalls, a 23,100 sq.ft. Michaels, Inc. and a 6,500 sq.ft. Sea Island Shrimp House restaurant. These tenants are expected to open this fall and will join a 110,000 sq.ft. Builders Square that is already open at the site. The Builders Square store was built by H.K. Partners on land purchased from Cencor Realty Services, Inc. The second project, Fiesta Trail, is located on Interstate 10 at DeZavala Road. The 600,000 sq.ft. project is anchored by Marshalls, Barnes & Noble, Target and H-E-B Supermarket. A yet-to-be-named anchor store will occupy an additional 23,500 sq.ft. at the site. Six smaller stores, Hollywood Video, Wolf Camera, General Nutrition Center, Telephone Warehouse, Blimpie and I Can't Believe It's Yogurt, have taken half of the 15,000 sq.ft. in multi-tenant buildings currently under construction on the site. The project also has a bank and five restaurants in freestanding buildings. Chili's Restaurant and Burger King buildings are also currently under construction at the site.

For more information, contact Mike Birnbaum of Cencor Realty Services, Inc. at (214-954-0300).

Horizon Outlet Centers, Inc. is currently developing factory outlet centers in Tulare, CA and Laughlin, NV. Ground was broken last month on the 220,000 sq.ft. Tulare Factory Outlet Center in Tulare, CA, with an expected completion date of fall 1995. Tenants of the project are expected to be named this summer. In Laughlin, NV, ground was broken this month on the 258,000 sq.ft. Laughlin Factory Outlet Center. Completion is expected by early 1996. Tenants of the project are expected to be announced in December.

For more information, contact Gary Geisler of Horizon Outlet Centers at (616-728-5170).

The Mills Corporation recently broke ground on a 1.7 million sq.ft. project in Ontario, CA named Ontario Mills. The project, which is 70% leased, will have a mix of manufacturers' outlets, specialty retail outlets, off-price retailers, catalogue outlets and category dominant stores. Anchors will include The Clearinghouse by Saks Fifth Avenue; Bed, Bath and Beyond; J.C. Penney Outlet; Marshalls; Sports Authority; Burlington Coat Factory and its new concept store Totally for Kids. Ontario Mills is expected to open during late fall 1996.

For more information, contact Patience O'Connor of The Mills Corporation at (202-298-5089), Fax (298-5111).

Who's Opening and Where...

Food Lion (704-633-8250) plans to relocate its Front Royal, VA supermarket to Gateway Plaza Shopping Center during late fall. The new location will occupy 45,663 sq.ft.

HomePlace (216-498-0555) plans to open a 54,000 sq.ft. store at Har Mar Mall in St. Paul, MN late this summer.

Hard Rock Cafe International (803-443-1123) plans to open a restaurant at Broadway at The Beach in Myrtle Beach, SC this summer. The building, which is currently under construction, will be a 70 ft. high pyramid.

Computer City (817-390-3011) plans to open a 14,000 sq.ft. store in Tulsa, OK during June.

Border's (313-995-9702) plans to open a 20,000 sq.ft. bookstore at Snowden Square in Columbia, MD this month.

Blockbuster Video (305-832-3320) recently opened a video store at Arnold Station Shopping Center in Anne Arundel County, MD.

Taco Cabana, Inc. (210-231-8226) recently signed a deal with AlMazaya International and Captec Financial Group, Inc. to open franchised restaurants in Kuwait, Saudi Arabia, the United Arab Emirates, Bahrain, Egypt, Lebanon and other Middle Eastern countries.

Target Stores (612-335-5200) is planning to build a distribution center in Augusta County, VA as part of its plan to open up to 130 stores in the Mid-Atlantic and Northeast regions by the year 2000. Final decision on the site is expected to be made within a few months.

Stawbridge & Clothier (215-629-6224) recently opened a home furnishings only store at Concord Mall in Wilmington, DE.

Office Max (216-921-6900) plans to open a 23,000 sq.ft. store at Broadview Village Square in Broadview, IL this spring.

Gap's Old Navy Clothing (415-952-4400) plans to open a 16,000 sq.ft. store at Broadview Village Square in Broadview, IL this spring.

Alexander Haagen Properties, Inc. recently broke ground on a 56,900 sq.ft. multiplex cinema at the Baldwin Hills Crenshaw Plaza Shopping Center in Los Angeles, CA. The cinema is a joint venture with Earvin Johnson and Sony Corp. unit Sony Retail Entertainment.

For more information, contact Alexander Haagen Properties at 310-546-4520.

Johnson Jennings General Contracting has begun construction of a 28,000 sq.ft. Sam Goody store at Horton Plaza in San Diego, CA. The store will be the largest in the Sam Goody nationwide chain. Featured in the center of the store will be a coffee shop where customers can eat and drink coffee while listening to their personally-requested CD selections on headsets. Television monitors mounted in a suspended grid system above the coffee shop will broadcast videos synchronized to music selections by a live D.J. Suspended from the ceiling pipe grid structure will be three- to five-foot, internally-lit "steaming" coffee cup lanterns constructed of plywood and Muslim fabric. Cast fiberglass angels with instrument tails and internally-lit goggles will "float" throughout the store. The entire project will cost approximately $1.27 million and is expected to be completed by June.

For more information, contact Tracy Niemeyer or Chris Davis of Johnson & Jennings at (619-279-6911).

Lead Sheet

A&E Stores

dba J. Chuckles, Strawberry, Veloce 500

Murry Sutton

1000 Huyler Street

Teterboro, NJ 07608

201-941-9601, Fax 941-3645

Apparel

The 52-unit chain operates locations in NY and NJ. The stores, selling missy and junior apparel in addition to accessories at off-prices, occupy spaces of 5,000 sq.ft. in power and strip centers. Plans call for six openings in the coming 18 months. Expansion will take place within a 50-mile radius of New York City. Leases running 15 years are typical.

Archie Jacobson of NJ, Inc.

dba Quails, Archie Jacobson

Peter Jacobson

900 Corporate Court

South Plainfield, NJ 07080

908-755-9400, Fax 755-9827

Apparel

The 22-unit chain operates locations in NJ, NY and PA. The men's apparel stores occupy spaces of 3,500 sq.ft. to 4,500 sq.ft. in regional malls. Plans call for one opening in CT during 1995 and two openings during 1996 in the existing markets. Leases running 10 years are typical.

The Banker's Note

Harold Cannon

4900 Highlands Parkway

Smyrna, GA 30082

404-432-0636, Ext. 324, Fax 432-2499

Apparel

The 42-unit chain operates locations in MI, OH, PA, IN, TX, FL, GA, AL, LA, MS, TN and NC. The stores, selling casual and sportswear apparel, occupy spaces of 4,500 sq.ft. in factory outlet centers. Plans call for seven openings in the coming 18 months. Expansion will take place in the existing markets. Leases running five years are typical.

Braun Fashions, Inc.

dba Braun's, Gigi's

Stephen Eggert

2400 Xenium Lane North

Plymouth, MN 55441-3626

612-551-5000, Fax 551-5198

Apparel

The 225-unit chain operates locations in 22 states from ID to MI to KS. The women's apparel stores occupy spaces of 3,000 sq.ft. to 3,500 sq.ft. in regional malls, power and strip centers. Preferred anchors include Target, Nordstroms, T.J. Maxx, Marshalls, JC Penney, Dayton's, Elder Beerman and Herbergers. Plans call for 40 openings in the coming 18 months. Expansion will take place in MI, OH, IN, IL, MO, WI, ID, MT, WY, UT, NE and KS. Leases running 10 years are typical.

Casfam, Inc.

dba Lingerie for Less

Victor Montalbo

c/o Epstein Assoc.

1429 4th Street

Santa Monica, CA 90401

310-451-8171, Fax 395-6361

Apparel

The 24-unit chain operates locations in CA. The women's apparel and lingerie stores occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in value-oriented centers having a heavy mix of fashion stores. Plans call for three openings in the coming 18 months. Expansion will take place in CA. Leases running five years are typical.

Charming Shoppes, Inc.

dba Fashion Bug, Fashion Bug Plus

Jonathan Graub

450 Winks Lane

Bensalem, PA 19020

215-245-9100, Fax 638-6919

Apparel

The 1,333-unit chain operates locations nationwide. The women's apparel stores occupy spaces of 12,000 sq.ft. in strip centers. Growth opportunities are sought nationwide.

Esprit De Corp.

dba Esprit

Lisa Engler

900 Minnesota Street

San Francisco, CA 94107

415-648-6900, Fax 550-3960

Apparel

The 20-unit chain operates locations nationwide. The women's apparel stores occupy spaces of 2,000 sq.ft. to 6,000 sq.ft. in regional malls and outlet centers. Growth opportunities are sought nationwide.

The Essex Company

dba Sunny Surplus

Steve Blake

7540 Washington Boulevard

Baltimore, MD 21227

410-799-4900, Fax 799-4907

Apparel

The 24-unit chain operates locations in MD, PA, VA and Washington, D.C. The family apparel stores, selling camping gear, outerwear and sportswear, occupy spaces of 7,000 sq.ft. to 11,000 sq.ft. in strip centers and freestanding facilities. Plans call for one opening in the coming 18 months. Expansion will take place in MD.

The Great Western Boot Co.

Jack Esselman

9000 Keystone Crossing #730

Indianapolis, IN 46240

317-844-6833, Fax 574-0481

Apparel

The nine-unit chain operates locations in FL, IN, IL, MO and TN. The western wear stores occupy spaces of 7,800 sq.ft. to 16,000 sq.ft. in end caps and freestanding facilities. Plans call for three openings in the coming 18 months. Expansion will take place in Birmingham, AL; Atlanta, GA and St. Louis, MO. Leases running 10 years are typical.

Gymboree Corp.

dba Gymboree

Jo Anne Davis

700 Airport Boulevard/ Suite 200

Gurlingame, CA 94010

415-579-0600, Fax 579-1733

Apparel

The 220-unit chain operates locations nationwide. The children's apparel stores occupy spaces of 1,500 sq.ft. in regional malls. Plans call for 65 openings in the coming 18 months. Expansion will take place nationwide. Leases running 10 years are typical.

Hamrick's, Inc.

dba Hamrick's

Dennis Tate

742 Peachoid Road

Gaffney, SC 29342

803-489-6095, Ext. 235, Fax 489-9514

Apparel

The 19-unit chain operates locations in SC, NC and TN. The family apparel stores occupy spaces of 40,000 sq.ft. in outlet, power and strip centers. Growth opportunities are sought in the existing markets as well as GA.

Joyce Leslie, Inc.

dba Taxi, Joyce Leslie

Nancy Shapiro

202 Washington Avenue

Carlstadt, NJ 07072

201-804-7800, Fax 804-8841

Apparel

The 39-unit chain operates locations in NJ, NY and PA. The women's apparel stores occupy spaces of 7,500 sq.ft. in regional malls, power and strip centers. Plans call for five openings in the coming 18 months. Expansion will take place in the existing markets. Leases running 15 years with options are typical.

Moray, Inc.

dba Barbara Moss, B. Moss Clothing Co.

Richard Moss

550 Meadowlands Parkway

Secaucus, NJ 07094

201-866-6677, Fax 866-0387

Apparel

The 62-unit chain operates locations in NY, NJ, CT, PA, VT, ME, MA, NH, OH and WV. The women's apparel stores occupy spaces of 4,500 sq.ft. in regional malls. Growth opportunities are sought in the Northeast region.

Oversize Clothing Corp.

dba Krug's Big & Tall

Jerry Krug

16 N. Washington Avenue

Bergenfield, NJ 07621

201-387-0100, Fax 387-1619

Apparel

The six-unit chain operates locations in NJ. The stores, specializing in big and tall lines of clothing for men, occupy spaces of 5,500 sq.ft. to 7,000 sq.ft. in outlet, specialty and strip centers as well as freestanding facilities. Growth opportunities are sought in NJ and metro New York, NY. Leases running 10 to 20 years are typical.

Retail Specialists, Inc.

dba Ten Below

Tom Straus

2268 Westbrooke Drive, Building K

Columbus, OH 43228

614-759-3039, Fax 759-9340

Apparel

The 56-unit chain operates locations in OH, WV, PA and KY. Offering women's apparel and accessories at the fixed price point of $10, the stores occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in power and strip centers. Plans call for seven openings in the coming 18 months. Expansion will take place in the existing markets. Leases running five years are typical.

TVI, Inc.

dba Value Village

Walter Scott

11400 SE Sixth Street/ Suite 220

Bellevue, WA 98004

206-450-2300, Fax 451-2250

Apparel

The 97-unit chain operates locations in CO, NM, TX, AZ, UT, ID, NV, CA, OR, WA, AK and HI. The family apparel stores, which sell new and used merchandise in addition to furniture and household items, occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in power and strip centers as well as freestanding facilities. Growth opportunities are sought in the existing markets.

Twigland Fashions, Inc.

dba A'Gaci, Christines

David Won

3201 Cherry Ridge/ Suite 205

San Antonio, TX 78203

210-377-3393, Fax 377-1546

Apparel

The 21-unit chain operates locations in TX. The women's apparel stores occupy spaces of 2,000 sq.ft. to 4,000 sq.ft. in regional malls. Growth opportunities are sought in the existing market.

Lease Signings

AmCap Properties, Inc. (303-321-1500) leased 2,700 sq.ft. to El Jebeverage and 1,200 sq.ft. to Andrea's Journey at Orchard Plaza Shopping Center in El Jebel, CO. The company also leased 2,671 sq.ft. to Chesapeake Bagels at The Marketplace at Bergen Park in Evergreen, CO.

Breslin Realty Development Corp. (516-741-7400) leased 20,000 sq.ft. to Barnes & Noble at an 80,000 sq.ft. retail building in Forest Hills, NY. The company also leased 5,700 sq.ft. to Woodworkers Warehouse at Sayville-Sunrise Shopping Center in Sayville, NY.

Charter Realty & Development Corp. (203-629-3939) leased 2,100 sq.ft. to Sally Beauty Supply and 5,900 sq.ft. to Jembro at Stewart Plaza in Garden City, NY. The company also leased 1,000 sq.ft. to Mailboxes, Etc.; 1,200 sq.ft. to Brucker Photo; 1,200 sq.ft. to H&R Block; 1,500 sq.ft. to Sally Beauty Supply; 1,600 sq.ft. to Chun Li; 2,000 sq.ft. to Bruegers Bagels; 3,500 sq.ft. to Scarboroughs Restaurant; 4,300 sq.ft. to Strawberries Records & Tapes and 11,000 sq.ft. to Only One Dollar at Rotterdam Mall in Rotterdam, NY.

Montgomery Group Affiliates (610-825-7100) leased 10,750 sq.ft. to Boater's World Discount Marine Center and 1,600 sq.ft. to Software Scene in the Festival at Hamilton in Mays Landing, NJ; 3,000 sq.ft. to One Price Clothing at Renaissance Plaza in Atlantic City, NJ; 900 sq.ft. to Tuxedo Express and 4,232 sq.ft. to Viking Liquors at South Brunswick Square in Princeton, NJ; 8,154 sq.ft. to Sottile Enterprises, Inc. at Timberlane Plaza in Sewell, NJ; 19,287 sq.ft. to Acme Markets at Wheaton Plaza in Millville, NJ; 3,100 sq.ft. to Lady Jane Health Emporium and 896 sq.ft. to Carol Rubley at Chesterbrook Village Center in King of Prussia, PA; 2,208 sq.ft. to Buffalo Joe's at Juniata Square in Philadelphia, PA; 13,800 sq.ft. to Loveable Pets in Philadelphia; 3,400 sq.ft. to Just A Buck, 587 sq.ft. to Gertrude Hawk Candy Shops, 2,730 sq.ft. to Waldenbooks and 66,800 sq.ft. to Boscov's Department Store at Laurel Mall in Hazleton, PA; 1,800 sq.ft. to Craft Closet, 10,000 sq.ft. to Reed's Tavern, 1,850 sq.ft. to Rediscovery Shop, and 1,800 sq.ft. to Abbey Cleaners at Lincoln Court in Frazer, PA; 2,207 sq.ft. to Megavideo at Lane Plaza in Kutztown, PA; 2,500 sq.ft. to Radio Shack at MacDade Mall in Holmes, PA; 2,000 sq.ft. to Italian Delites at North Penn Marketplace in Lansdale, PA; 5,060 sq.ft. to Ralph's Pharmacy and 4,500 sq.ft. to The Ground Round at Whitemarsh Shopping Center in Whitemarsh, PA.

KLNB, Inc. (410-321-0100) leased space to Blockbuster Entertainment Corporation for a Blockbuster Music store in Rockville, MD.

Paster Enterprises (612-646-7901) leased 1,500 sq.ft. to Pizza Man at Southview Shopping Center in South St. Paul, MN.

Exclusives: Leasing & Management Assignments

Realco Group, Inc. (516-294-7070) has been appointed the exclusive leasing agent for Coffee Beanery, Ltd. The 165-unit chain of specialty coffee shops occupies spaces of 1,000 sq.ft. to 1,800 sq.ft. in upscale power centers, community centers and high traffic downtown locations. Leases running 10 years are typical. Preferred anchors include The Gap, The Limited and other fashion tenants. The company is looking for sites in the five borough of New York City, Long Island, Westchester and Rockland County in NY as well as all counties in New Jersey north of Monmouth County.

Rosen Associates Management Corp. (516-822-5350) has been appointed exclusive leasing agent in connection with the sub-leasing of the former Preferred Seating locations in Nassau, Suffolk and Queens Counties in NY.

Urban Shopping Centers, Inc. (312-440-4800) has been appointed exclusive management agent by OTR, the agent for the State Teachers Retirement System of Ohio, to manage the Galleria at Tyler, a one million sq.ft. mall in Riverside, CA.

Montgomery Group Affiliates (610-825-7100) has been appointed the exclusive leasing and managing agents for four shopping centers. The centers are: Yeadon Shopping Center in Yeadon, PA, anchored by Acme and CVS; Cottman Avenue Shopping Center in Philadelphia, PA, anchored by Silo and West Coast Video; Presidential Plaza in Philadelphia, anchored by SuperFresh and Thrift Drug in addition to Belair Shopping Center in Philadelphia, anchored by CVS and West Coast Video.

Koll (714-833-3030) has been appointed exclusive leasing and management agent of Gold Coast Galleria East in Chicago, IL. The project has five levels of retail space and a 48,500 sq.ft. parking garage.

Buyers & Sellers of Commercial Properties

Weingarten Realty Investors purchased Wyoming Mall in Albuquerque, NM from McNeil Real Estate Fund. The 302,000 sq.ft. project is anchored by Furr's Supermarket, Service Merchandise, Hancock Fabrics and Furr's Cafeteria. The site is 96.6% leased.

For details, contact Weingarten Realty Investors at (713-866-6000).

Site Commercial Real Estate has the listing to sell a freestanding HomeBase store and a 100% leased strip center in Las Vegas, NV. The asking price of the HomeBase store is $8.2 million and the asking price of the strip center is $2.4 million.

For details, contact William Spivock at (702-222-0051), Fax (702-222-1035).

The Goldstein Group brokered the sale of a two-acre parcel of land located on Route 10 in Livingston, NJ. ARC Properties purchased the site from F.W. Woolworth Company. The Goldstein Group then brokered a lease with Pet Food Giant who plans to build an 18,000 sq.ft. freestanding building. The store is expected to open by mid 1995.

For details, contact Alan Goldstein at (201-703-9700), Fax (703-9678).

Madison Realty Group, Inc. represents a Pennsylvania Limited Partnership interested in acquiring strip centers and single tenant buildings not less than 30,000 sq.ft. Preferred sites are anchored by regional or national credit tenants which occupy at least 30% of the center and were built within the last 10 years. Sites with vacancies will also be considered. Areas of interest include PA, OH, NC, SC, FL and TN.

For details, contact Bryan Pivirotto at (412-281-1880), Fax (281-5772).

Intershop Real Estate Services, representing Intershop Group, recently purchased Arcadia Crossing in Phoenix, AZ. The 443,493 sq.ft. power center is anchored by Smith Food and Drug, Target, Montgomery Ward, Office Max and Ross.

For details, contact Susan C. Routh at (214-774-4100).

Neal*Mannausa, Inc. brokered the sale of Snelling Plaza in South Tamiami Trail, FL. The 10.4 acre site has a 92,000 sq.ft. office building and two outlots occupied by Steak & Ale and Village Inn restaurants. Courtelis Company purchased the site for $4.5 million and plans to convert the office building to retail use.

For details, contact Sue Haggard at (813-365-1511).

Three Roads Associates has the listing to sell Three Roads Plaza in Port Jefferson Station, NY. The 65,000 sq.ft. project is anchored by Grand Union. The asking price is $6.655 million.

For details, contact Valerie Haber at (516-625-1500), Fax (625-0867).

Mergers & Acquisitions

RPS Realty Trust (305-789-6651) and Ramco-Gershenson, Inc. (810-350-9900) have entered into an agreement to merge into an operating partnership to be called Ramco-Gershenson Properties Trust. The agreement calls for Ramco to contribute its stock and 23 shopping centers to the partnership while RPS will contribute six shopping centers and $75 million. Ramco will continue to hold third party property-management contracts.

Petco Animal Supplies, Inc. (619-453-7845) recently acquired Boston Pet Center of Cambridge, MA. This acquisition follows Petco's purchase of Pet Project of Novato, CA. Petco now operates 220 stores in 13 states.

RTM Restaurant Group (404-256-4900) acquired 42 Shoney's Restaurants in Georgia from Atlanta Family Restaurants, Inc. The restaurants are located in metro-Atlanta, Acworth, Buford, Canton, Covington, Gainesville, Kennesaw, LaGrange and Newman. The Shoney's Restaurants will be operated as an affiliated company called RTM Family Restaurants. RTM Restaurant Group operates 282 Arby's Roast Beef restaurants, 130 Mrs. Winner's Chicken and Biscuits Restaurants and two Spinner's Rotisserie Chicken Restaurants.

Regis Corporation (612-947-7000) recently acquired 11 product salons from Another Image, Inc. and Campbell Investors, Inc. The 11 salons, which are located in St. Louis, Washington, D.C., Boston and Iowa, were added to Regis Corporation's Trade Secret division. Regis Corporation, the largest owner and operator of mall-based hair and retail products salons, operates 1,529 salons, of which 67 are franchised, through four divisions: Regis Hairstylists, MasterCuts, Trade Secret and International.

Space Place

Arizona

Phoenix- Abco Plaza is anchored by Abco and Osco. The project has a 15,000 sq.ft. fully built-out anchor space available for lease. The site fronts Seventh Street and Union Hills. Also in Phoenix- Greenway Village Square is anchored by Kmart. The project has a 24,000 sq.ft. fully built-out anchor space available for lease. The site fronts 35th Avenue and Greenway.

For details, contact Victor Allison of Southwest Retail Group at (602-946-6609), Fax (423-5395).

Florida

Sarasota- Colonial Village Shopping Center is anchored by Ace Hardware and Dollar General. The 48,000 sq.ft. project has a 17,536 sq.ft. space available for lease. Demographics include a three-mile population of 78,000 earning $42,000 as the average household income and a five-mile population of 155,000 earning $46,000 as the average household income.

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

Louisiana

Gretna- Towne Square Shopping Center is anchored by Winn-Dixie and K&B Drugs. The 91,000 sq.ft. project has an 11,888 sq.ft. space available for lease. The site fronts Terry Parkway and Daniels Road. Demographics include a three-mile population of 126,000 earning $39,000 as the average income and a five-mile population of 310,000 earning $35,000 as the average income.

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

Baton Rouge- Cortana Mall is anchored by Dillards, Maison Blanche, Mervyn's, Sears, J.C. Penney and Service Merchandise. The 1.6 million sq.ft. project has spaces available for lease. The site fronts Airline Highway and Florida Boulevard.

For details, contact Howard S. Struletz of Mall Properties, Inc. at (212-935-1330), Fax (832-5369).

Michigan

Westland- A 5,500 sq.ft. space is available for lease at a project anchored by Office Max, Best Buy and Shoe Carnival. The site is located on Central City Parkway and Warren Road.

For details, contact Glenn Hirsch of Source Real Estate & Investment Company at (810-799-3030), Fax (799-3035).

New Hampshire

Hooksett- Hooksett Plaza is anchored by Kmart and Ben Franklin. The 145,000 sq.ft. project has spaces of 3,000 sq.ft., 3,200 sq.ft. and 7,000 sq.ft. available for lease. The site fronts Route 3 and Route 28 Bypass.

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

New Jersey

Somers Point- Somers Point Plaza is anchored by Acme and Jamesway. The 225,000 sq.ft. project has spaces of 700 sq.ft., 1,300 sq.ft. and 5,400 sq.ft. available for lease. Another 50,000 sq.ft. is planned for development during 1996. The site fronts NJ State Route 9 and Bethel Road. Other retailers in the area include Fashion Bug, West Coast Video, Radio Shack and Athlete's Foot. Demographics include a three-mile population of 27,998 earning $45,400 as the average income, a five-mile population of 65,000 earning $44,302 as the average income and a 10-mile population of 172,353 earning $39,006 as the average income.

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

New York

Albany- Northway Mall is anchored by Marshalls, Montgomery Ward, Kids 'R Us, Lechmere and BJ Wholesale. The 698,456 sq.ft. project has spaces between 1,000 sq.ft. and 25,000 sq.ft. available for lease. The site fronts Central Avenue and Wolf Road and is located near Colonie Center and Crossgates Mall. Demographics include a 10-mile population of over one million earning $50,000 as the average income.

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

Financial News...

Kmart Corporation's (810-643-1000) proxy statement, which was recently released, shows that Joseph Antonini, who resigned as CEO last month, will receive his $923,000 salary and a $550,000 annual bonus, paid monthly, for the next two years. After that, Antonini will receive an annual pension of $527,064.

Weiner's Stores (713-688-1331) recently filed for Chapter 11 bankruptcy protection and received interim approval for a $30 million line of credit from CIT Group/Business Credit. In its court documents, the company listed assets of $96.7 million and liabilities of $70.4 million. The company, which operates 158 stores in TX and LA, does not plan to close any of its stores at this time.

Specialty Retail Group, Inc. (203-256-4380) recently reported that 1995's first quarter sales for its Building Blocks, Inc. subsidiary increased 70.6% from the prior year. Building Blocks, an educational and developmental specialty toy store, operates 14 locations. New stores are planned for Westchester Mall in White Plains, NY and Burlington Mall in Burlington, MA.

F&M Distributors (810-758-1400), currently operating under Chapter 11 bankruptcy protection, received final approval from the court for a $30 million trade lien in favor of its merchandise suppliers. The trade lien allows the company's suppliers to ship merchandise on a secured priority basis ahead of prepetition secured debt. The company has paid $35 million on its prepetition bank debt in conjunction with the granting of the trade lien and has renogtiated its $50 million post-petition financing facility. The company operates 88 deep discount drug stores.

Glimcher Realty Trust (614-621-9000) has filed a Form S-3 Registration Statement with the Securities and Exchange Commission for an aggregate of $250 million of preferred shares of beneficial interest, common shares of beneficial interest, warrants to purchase preferred shares or common shares and unconditional and irrevocable guarantees of unsecured debt securities issued by Glimcher Properties Limited Partnership of which GRT owns approximately 86.6% of the outstanding units of partnership interest. The Registration Statement also includes unsecured debt guaranteed by GRT which may be offered by the Operating Partnership. Net proceeds from the sale of any of the securities would be used for general trust and partnership purposes to repay any debts, future acquisitions, financing the cost of future new development, the expansion and improvement of properties owned by the company or working capital. The SEC must declare the Registration Statement effective prior to the trust making an offering and such offerings will be made only by a prospectus.

Levitz Furniture Corp. (407-994-6006) hired Donaldson Lufkin & Jenrette Securities Corp. and Morgan Stanley & Co. to study its corporate strategy. Items to be studied include: refinancing the company's long-term debt, future acquisitions, marketing plans and sales. Additionally, a committee has been appointed to review management succession within the company.

CKE Restaurants, Inc. (714-778-7109) signed a franchise agreement with Boston Chicken, Inc. to continue its development of Boston Chicken restaurants in its CA territory. The newly created entity is called Boston West, LLC. CKE Restaurants will receive preferred interest and common interest in the new entity in exchange for the assets it is contributing to Boston West. Over time, CKE's interest in Boston West can be increased to 35%. CKE Restaurants is the parent company of Carl Karcher Enterprises, Inc., which operates and franchises over 650 Carl's Jr. restaurants in CA, NV, OR, AZ and Mexico. The company also operates 27 Boston Chicken Restaurants in CA, with 14 under construction. An additional 11 restaurants are planned for this year.