Issue 22 for the week of June 23,1995

The Dealmakers Issue Number 22 for the week of June 23,1995.

Music Tenants Looking for Sites

Wax Works, Inc. trades as Disc Jockey Records and Real Collections at more than 200 locations nationwide. The music stores, selling records, tapes, compact discs, videos and related items, occupy spaces of 2,000 sq.ft. to 10,000 sq.ft. in end caps, power centers and regional malls. Plans call for 25 openings in 1995. Expansion will take place nationwide. Leases running 10 years are typical.

For more information, contact Paul De Zalia, Wax Works, Inc., 325 E. Third Street, Owensboro, KY 42301; 502-926-0008, Fax 685-0563.

Sam Ash Music Corp. trades as Sam Ash Music at 10 locations in NY, NJ and CT. The stores occupy spaces of 20,000 sq.ft. in power and strip centers. Plans call for one opening in the coming 18 months. Expansion will take place in PA or FL. Preferred demographics include a population of 1,500,000 within 10 to 15 miles earning $50,000 as the average income.

For more information, contact Jerome Ash, Sam Ash Music Corp., 278 Duffy Avenue, Hicksville, NY 11801; 516-932-6400, Fax 931-3881.

Virgin Retail Group trades as Virgin Megastore at 60 locations in CA and NY as well as in 15 countries. The stores, offering a wide variety of media, occupy spaces of 20,000 sq.ft. to 30,000 sq.ft. in downtown store fronts. Preferred anchors include theaters and restaurants. Plans call for six openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 500,000 within five miles earning $40,000 as the average income. Leases running 10 years are typical.

For more information, contact Michael Townsend, Virgin Retail Group, 8912 Burton Way, Beverly Hills, CA 90211; 310-724-5967, Fax 724-5923.

West Music Co., Inc. does business as West Music Co. at five locations in IA. The stores occupy spaces of 1,500 sq.ft. to 12,000 sq.ft. in strip centers. Preferred anchors include children's clothing stores. Plans call for one or two openings in the coming 18 months. Expansion will take place in the Midwest region. Preferred demographics include a population of 200,000 within 25 miles earning $40,000 as the average income. Leases running five years are typical.

For more information, contact Steve West, West Music Co., Inc., 1212 Fifth Street, Coralville, IA 52241; 319-351-2000, Fax 351-0479.

Music & Arts Center, Inc. trades as Music & Arts Center at 21 locations in MD, VA, PA and NC. The stores, selling instruments, sheet music and offering music lessons, occupy spaces of 3,000 sq.ft. in power and strip centers. Preferred anchors include supermarkets. Plans call for two openings in the coming 18 months. Expansion will take place in NV, VA, GA or SC. Preferred demographics include a population of 100,000 within five miles earning $50,000 as the average income. Leases running seven years are typical.

For more information, contact Ken O'Brien, Music & Arts Center, Inc., 12312 Wilkins Avenue, Rockville, MD 20852; 301-881-7760, Fax 816-9078.

Camelot Corporation trades as Mr. CD-ROM Stores at two locations in FL and TX. The music stores occupy spaces of 1,000 sq.ft. to 1,500 sq.ft. in strip centers. Plans call for 100 openings in the coming 24 months. Expansion will take place nationwide. Leases running 10 years are typical.

For more information, contact Danny Wetterich, Camelot Corporation, 17770 Preston Road, Dallas, TX 75252; 214-733-3005, Fax 733-4308.

Buyers & Sellers of Commercial Properties

Marathon Oil Company is selling various environmentally acceptable sites nationwide. Prices vary by location.

For more information, contact William N. Gilbert at (419-421-2216), Fax (421-3522).

Colliers Macaulay Nicolls has the listing to sell Fairwood Center in Renton, WA. The 221,750 sq.ft. project is anchored by Safeway, QFC, Ernst and a pharmacy. The site is located at an intersection and has good access and visibility. The asking price is $19.5 million. The company also has the listing to sell James Center in Tacoma, WA. The two-tenant project is NNN leased to a 68,273 sq.ft. Grocers Stock Market and a 7,500 sq.ft. Kinko's Copy Center. The asking price is $9.256 million based on a 9.1% cap rate. $6.5 million of financing is available at 8.74%.

For more information, contact Paul Sleeth at (206-223-0866), Fax (223-1427).

Forest and Company is selling Haskell Center in Encino, CA. The project is located three blocks west of 405 Freeway. The asking price is $2.5 million and financing is available. The company is also in the market to acquire anchored shopping centers within a 50-mile radius of Los Angeles, CA. Preferred properties have opportunities for expansion. Cap rates above 10% are preferred.

For more information, contact Ira Forest at (818-783-5183), Fax (783-5191).

Site Commercial Real Estate has the listing to sell a HomeBase store in Las Vegas, NV. The lease is guaranteed by TJX Companies and has 13 years remaining. The asking price is $8.2 million with $5.5 million worth of financing available at an 8.25% fixed rate. The company also has the listing to sell a strip center in Las Vegas. The asking price is $2.4 million.

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

Source Real Estate & Investment Company has the listing to sell 30 acres of land zoned commercial in Canton, MI. A minimum of nine acres can be divided. The site is located on Ford Road next to Target and Kroger. The company has the listing to sell six acres of land zoned commercial in Clinton Township, MI. The site is buildable up to 70,000 sq.ft. and is located on Gratoit near Target and The Sports Authority. The company also has the listing to sell seven acres of land zoned commercial in Westland, MI. The site is buildable up to 85,000 sq.ft. and is located adjacent to Sam's Club and Best Buy.

For more information, contact Glenn Hirsch at (810-799-3030), Fax (799-3035).

Ramsey Real Estate Group has the listing to sell a 3,500 sq.ft. retail building located in Escondido, CA on one of its top pedestrian streets. The asking price is $225,000. The company is also in the market to acquire storefront retail and mixed-use properties on top pedestrian oriented streets nationwide.

For more information, contact Jeffrey T. Ramsey at (619-550-0060), Fax (551-9925).

Property Concepts is in the market to purchase neighborhood shopping centers in the Southeast or Midwest. Properties of interest are anchored by supermarkets or drug stores and have expansion possibilities.

For more information, contact Jim O'Donnell at (404-399-6701), Fax (399-0479).

Intergroup Realty, Inc. is in the market to acquire retail properties in the South and Southwest regions. Prices of $8 million and up will be considered.

For more information, contact Tandy O. Lofland at (713-627-2131), Fax (965-0600).

Baita International, Inc. brokered the sale of Brandon Centre South, a 132,214 sq.ft. shopping center anchored by Publix Supermarkets and Walgreens Drugs, in Brandon, FL. The property was sold to Preston Oil Company by Alafaya Commons, Ltd.

For more information, contact Coen V. Purvis at (904-739-1235), Fax (739-9008).

Laylin Associates, Ltd. is selling a 34 acre, five lot subdivision zoned commercial in Wicomico County, MD. The site has 800 feet of frontage on the Nanticoke River and is fully forested. The asking price is $500,000 and financing is available.

For more information, contact David Laylin at (703-759-0511), Fax (759-0509).

Ray Wilkerson Companies has the listing to sell 3.63 acres of land zoned retail in Austin, TX. The site is located at the southwest corner of US 183 and FM620 near a 1.1 million sq.ft. mall due to open during October. Three sites are available, each approximately 1.2 acres. The asking price for the corner lot is $20 psf and the asking price for the remaining two lots is $14 psf.

For more information, contact Jim Spence at (512-458-5993), Fax (458-1648).

Harle Properties, Inc. is in the market to purchase a large retail space adjacent to vacant land suitable for additional retail development.

For more information, contact Michael Staver at (817-481-8181), Fax 488-5841).

Fickling and Company has the listing to sell Shurlington Plaza in Macon, GA. The 143,782 sq.ft. project is anchored by Food Max, Big B Drugs and Family Dollar. The asking price is $3.75 million.

For more information, contact Peggy Winters at (912-746-9421), Fax (742-2015).

Fallon Hines & O'Connor brokered the sale of CapeRoads Plaza, a 165,000 sq.ft. project anchored by Kmart in Raynham, MA. MetLife Real Estate Investments sold the property to Capstone Investments, Inc. for $4.2 million.

For more information, contact Fallon Hines & O'Connor at (617-951-0030).

Witten Commercial Real Estate Investment Services of Branford brokered the sale of Stewart Plaza, a 220,000 sq.ft. project anchored by Caldor in Garden City, NY. The property was sold to S. Plaza Associates for $22 million.

For more information, contact Witten Commercial Real Estate Investment Services of Branford at (203-483-4338).

Kimco Realty Corporation recently purchased the 62,083 sq.ft. South Miami Shopping Center in South Miami, FL. The project is anchored by Kid 'R Us and was sold to Kimco by Raymond A. Ross, Jr.

For more information, contact Victor Suvall at (407-477-5818).

Sakon Development has the listing to sell Perry Plaza II in Southington, CT. The 14,000 sq.ft. strip center is fully leased and has a first year NOI of $106,100. The asking price is $1.1 million and financing is available.

For more information, contact John Sakon at (203-793-1000), Fax (793-0020).

Exclusives: Leasing & Management Assignments

Montgomery Group Affiliates (610-825-7100) has been named the court appointed receiver for Airport Circle Plaza in Pennsauken, NJ by Eagle Properties, Inc. The assignment was made by the Superior County of New Jersey. The 121,000 sq.ft., 100% leased project is anchored by Kmart, Diamond Furniture and Kentucky Fried Chicken.

Gold & Company (412-471-4455) has been appointed the exclusive leasing agent for the Conestoga Building in Pittsburgh, PA. The 33,500 sq.ft., seven-story building is anchored by Piccolo Piccolo Ristorante on the first floor.

Rappaport Management Company (703-641-9103) has been awarded a contract to provide property management, leasing and marketing for Tall Oaks Shopping Center in Reston, VA. The 68,000 sq.ft. project is anchored by Giant Food.

Fickling & Company (912-746-9421) has been named the exclusive leasing and managing agent for Sunstates Development's middle Georgia properties. They include The Shoppes at Bloomfield in Macon, GA which is anchored by Piggly Wiggly and has spaces available for lease from 900 sq.ft. to 3,150 sq.ft.; Houston Crossing, which has a 28,000 sq.ft. vacant Food World Store and small shops ranging in size from 1,400 sq.ft. to 3,200 sq.ft. available for lease and Perry Village, a 48,000 sq.ft. project anchored by Piggly Wiggly. Space is available for lease from 900 sq.ft. to 8,600 sq.ft.

Financial News...

The Athlete's Foot (404-514-4500), which recently began opening stores within SportsTown stores, may have to rethink its strategy in the wake of The Sports Authority's acquisition of 16 of SportsTown's 23 stores. The Athlete's Foot had proposed to open stores within all 23 of SportsTown's stores, but may have to change its plans. The Athlete's Foot is considering opening concept stores within department stores and/or opening its own superstores.

Hills Stores Company (617-821-1000) recently filed proxy materials with the Securities and Exchange Commission rejecting Dickstein Partners acquisition proposal. Hills also warned its shareholders that the election of a dissident slate of directors could trigger a debt repayment of $160 million and management buyouts of more than $60 million under "change of control" provisions. In a letter to Hills, Dickstein Partners said that they were willing to raise its bid to acquire the 156 store chain. In two previous bids, Dickstein Partners has offered $25 per share and $27 per share.

Best Buy (612-947-2000) reported that sales for the first fiscal quarter were $1.275 billion, a 50% increase over the same period last year. First quarter comparable store sales increased six percent. The company currently operates 213 stores and recently opened seven stores in South Florida and one store in Houston, TX.

Funco, Inc. (612-946-7222) reported a net loss of $1.2 million for its fourth fiscal quarter on net sales of $18.8 million. Comp stores sales for the quarter fell 24%. For the year, the company reported a 59% increase in sales to $80.4 million and a loss of $1.3 million with comparable stores sales falling seven percent. The company currently operates 182 Funcoland stores offering new and used videogames.

Just For Feet (310-394-8394) reported that net earnings during the first quarter rose 265.8% to $1.458 million compared to $398,600 during the same period last year. First quarter sales increased 136.5% to $21.136 million compared to $8.937 million a year ago. Comparable store sales increased 10.4%. The company is planning to open 12 stores during 1995.

Spec's Music (305-592-7288) reported that its first quarter revenues increased to $18.4 million from $18.3 million a year ago, but that its earnings dropped 92% to $32,000 from $457,000 for the same period last year. Comparable store sales for the quarter fell 4.5%. The company is planning to open stores in Coral Square Mall in Coral Springs, at 163rd Street Mall in North Miami Beach and in Melbourne, FL.

The Penn Traffic Company (315-457-9460) reported that first quarter revenues increased 6.2% to $860 million from $810 million during the same time last year. However, comparable store sales fell 1.6% during the quarter. The company's operating income for the first quarter remained the same from last year at $33.4 million. The company operates 274 supermarkets in PA, NY, OH and WV under the trade names Big Bear, Big Bear Plus, Bi-Lo Foods, Insalaco's, P&C Foods, Quality Markets and Riverside Markets.

J. Baker, Inc. (617-364-3000) reported that its earnings fell 80.1% to $637,653 from $3.2 million last year. Sales increased 4.5% to $231.4 million, but comparable store sales fell 4.8%. The company attributed the decline in earnings to poor sales in its footwear divisions.

Lechters, Inc. (201-481-1100) reported a first quarter loss of $2.344 million compared to a net loss of $1.270 million for the same period last year. Sales for the first quarter increased nine percent to $80.316 million from $73.692 million last year, but comparable store sales fell 0.3%. During the quarter the company opened seven stores and closed three. It currently operates 609 stores in 42 states.

Mac Frugal's Bargains-Close Outs, Inc. (310-761-4167) reported that net earnings for its first quarter were down to $3.315 million compared to $5.91 million last year. The company operates 285 stores in 13 states under the trade names Pic 'N' Save and Mac Frugal's Bargains-Close Outs.

AutoZone, Inc. (901-325-4600) reported that net income during its fiscal third quarter rose 15% to $32.4 million from $28.2 million a year ago. Earnings for the third quarter increased 16% over last year. Sales for the quarter increased 19% to $425.5 million from $358.2 million. Comparable store sales increased five percent compared to a 10% increase last year. During the quarter, the company opened 39 stores and currently operates 1,059 stores in 25 states.

Shoe Carnival, Inc. (812-867-4105) reported that sales for the first quarter increased 19.3% to $55.1 million compared to $46.1 million last year. Net income for the first quarter was $283,000 compared to $1.4 million last year and comparable store sales fell 9.2% for the quarter. During the quarter, the company opened three stores and is planning to open another seven before the end of the year.

Michaels Stores (214-714-7100) reported the first quarter sales increased 66%, earnings increased 25% and comp. store sales increased nine percent.

Broadway Stores, Inc. (213-227-2000) reported that during the first quarter the company lost $12.2 million and had a net loss of $43.3 million. During the same period last year, the company reported earnings of $4.6 million and a net loss of $18 million. Sales for the first quarter fell 1.7% to $423.9 million from $431.1 million last year and comp store sales fell 6.8%. The company currently operates 83 department stores under the tradenames The Broadway, Emporium and Weinstocks.

Lease Signings

The Sansone Group, Inc. (314-822-9009) leased 29,388 sq.ft. to Dobb's Tire & Auto Center at The Plaza at Sunset Hills in St. Louis, MO; 2,580 sq.ft. to Mandarin House at Barrett Station Shopping Center in St. Louis County, MO and 4,000 sq.ft. to The Dress Barn, Inc. at Dierberg Clocktower Place in St. Louis County, MO.

Mid-America Asset Management Co. (708-954-7300) leased 1,600 sq.ft. to Disc Replay at Woodgrove Festival Shopping Center in Woodridge, IL; 1,400 sq.ft. to TCF Financial at Highland Square Shopping Center in Morton Grove, IL; 1,200 sq.ft. to Little Caesar's and 800 sq.ft. to Interim Personnel at Red Top Plaza Shopping Center in Libertyville, IL; 850 sq.ft. to Julia Ltd. and 670 sq.ft. to Ultimate Accents at Gateway Square Shopping Center in Hinsdale, IL.

Metro Commercial Real Estate, Inc. (609-866-1900) leased 8,000 sq.ft. to Thrift Drug for a freestanding location in Sharon Hill, PA.

Great Mall of The Bay Area Management Company (408-945-4022) leased 2,192 sq.ft. to St. John for a women's apparel store, 7,523 sq.ft. to Ann Taylor Clearance Center for a women's apparel store, 3,887 sq.ft. to He-Ro Group Outlet for an evening wear store, 2,650 sq.ft. to Harve Benard for a women's apparel store, 1,455 sq.ft. to Day Runner Outlet for an accessories store, 2,116 sq.ft. to NAP Outlet for a men's and women's apparel store, 2,257 sq.ft. to Radio Shack and 550 sq.ft. to Gretel's Pretzels and Bananas at Great Mall of The Bay Area in Milpitas, CA.

Divaris Real Estate, Inc. (804-497-2113) leased 6,242 sq.ft. to R/C Theatres at The Marketplace at Southern Shores in the Outer Banks of NC; 1,000 sq.ft. to Hair Cuttery and 800 sq.ft. to Merle Norman Cosmetics at York River Crossing in Hayes, VA and 1,547 sq.ft. to Contel Cellular Telephone Company at Kingsgate Green Shopping Center in York County, VA.

Brandywine Real Estate Management Services Corp. (610-358-4000) leased 3,600 sq.ft. to Play It Again Sports at Clear Pointe Plaza in Gautier, MS; 27,720 sq.ft. to Office Depot at Florence Square in Florence, SC; 23,000 sq.ft. to Farmers Furniture at Quincy Plaza in Quincy, FL; 5,000 sq.ft. to NAPA Auto Parts at Brook Plaza in Brooksville, FL; 6,000 sq.ft. Dollar General and 2,250 sq.ft. to Jenny Craig at Keene Plaza in Largo, FL; 2,000 sq.ft. to Jenny Craig at Northwood Oaks in Clearwater, FL; and 50,000 sq.ft. to Winn Dixie at Crisp Plaza in Cordele, GA.

The Cafaro Company (216-747-2661) leased 2,040 sq.ft. to Pacific Sunwear and 2,175 sq.ft. to Scotto Pizza at Millcreek Mall in Erie, PA; 4,423 sq.ft. to Dollar Tree at Spotsylvania Mall in Fredericksburg, VA; 693 sq.ft. to Bresler's 33 Flavors Ice Cream and 3,561 sq.ft. to Dollar Tree at Huntington Mall in Barboursville, WV; 6,369 sq.ft. to Lone Star Steakhouse at Eastwood Mall in Niles, OH; 2,650 sq.ft. to Casual Male Big & Tall at Great East Mall in Niles, OH; 5,462 sq.ft. to Famous Footwear at Kennedy Mall in Dubuque, IA and 6,220 sq.ft. to Eddie Bauer at South Hill Mall in Puyallup, WA.

Gold & Company, Inc. (412-471-4455) leased 726 sq.ft. to Faber Coe & Gregg of Pennsylvania, Inc. for a sundries store at Westin William Penn Hotel in Pittsburgh, PA.

Brown Ranch Properties (408-475-0500) leased 1,817 sq.ft. to Sterling Optical at Brown Ranch Marketplace in Capitola, CA.

AmCap Properties, Inc. (303-321-1500) leased 4,693 sq.ft. to Peak Athletic Club and 1,072 sq.ft. to Java Joe's at Orchard Plaza in El Jebel, CO; 3,270 sq.ft. of additional space to Medical Centers of Colorado at Market Square in Lakewood, CO; 1,357 sq.ft. to Nick-N-Willy's Pizza at Safeway Marketplace in Longmont, CO; 1,380 sq.ft. to The Cigarette Store at Buckley Square Shopping Center in Aurora, CO; 960 sq.ft. to Tan Your Fancy at Castle Rock Shopping Center in Castle Rock, CO and 1,503 sq.ft. to Born Free, an art gallery, at Marketplace at Bergen Park in Evergreen, CO.

Breslin Realty (516-741-7400) leased 6,300 sq.ft. to Outback Steakhouse at Merrick Mall in Merrick, NY.

KLNB, Inc. (410-321-0100) leased 4,000 sq.ft. to Spa Lady and 3,000 sq.ft. to Pic N' Pay Stores at Fullerton Plaza in Baltimore County, MD; 2,574 sq.ft. to The Canopy, a restaurant, at 140 Village Shopping Center in Westminster, MD and 1,334 sq.ft. to Crystal Fitness, Inc., a tanning salon, at the Stavlas Business Center in Anne Arundel County, MD.

Macerich Company (310-634-1100) leased 50,000 sq.ft. to American Stores Company for the construction of a Lucky supermarket and leased 130,000 sq.ft. to Home Depot at Lakewood Center Mall in Lakewood, CA.

Store Closings

Kmart Corporation (810-643-1000) plans to close 72 stores beginning in August. The company is expected to close 18 units in CA; 13 in TX; five each in IL and TN; three each in IA, OH and WI; two each in AL, AZ, FL, IN, LA and PA; and one each in KS, MD, MN, NE, NJ, NY, ND, OK, OR and SC.

Longs Drugs (510-210-6793) plans to close its store at Dimond Shopping Center in South Anchorage, AK next month. The store had operated at the location for 14 years. The company, which operates more than 300 stores, plans to keep its Midtown, AK store open.

Supervalu (612-828-4000) plans to close its four Max Club stores within the next 90 days.

Musicraft (708-799-2400), a seven-store electronics chain in Chicago, IL, closed the last two of its stores last month after more than 40 years of operation.

Tuscon's Family Grill & Bar (813-530-0637) recently closed three of its four restaurants. Last fall, the company closed its restaurant in St. Louis, MO and last month the company closed its units in St. Pete Beach and Palm Harbor. The company continues to operate its location at ICOT Center in Clearwater, FL.

Publix Supermarkets (813-688-1188) recently closed its Expressway Mall unit in Jacksonville, FL. The supermarket had operated at the location for 24 years.

Schottenstein Stores Corp. (614-221-9200) plans to close its Value City department store at the Oakbrook Shopping Center in Fort Wayne, IN during August. The store had operated at the location for 13 years.

Lead Sheet

Totes, Inc.

dba Totes Factory Stores

Marcia Day

10078 E. Kemper Road

Loveland, OH 45140

513-583-2300, Fax 583-2748

Accessories

The 60-unit chain operates locations nationwide. The stores, selling weather-related apparel and travel accessories, occupy spaces of 3,000 sq.ft. in outlet centers. Plans call for 15 openings in the coming 18 months. Expansion will take place nationwide.

S&K Famous Brands

dba S&K Famous Brand Menswear

Mike Desmond

PO Box 31800

Richmond, VA 23294-1800

804-346-2500, Fax 747-3979

Apparel

The 172-unit chain operates locations in VA, NC, TN, SC, NY, AR, KY, AL, FL, IN, GA, ME, OH, LA, WI, MI, PA, IA, MO, OK, TX, MS, KS, NJ, WV and MD. The stores, selling men's formal, business and casual wear at 30% to 60% off retail prices, occupy spaces of 3,000 sq.ft. in regional malls, outlet, power, specialty and strip centers as well as freestanding facilities. Plans call for 35 openings in the coming 18 months. Expansion will take place in CT, NE and MA. Preferred demographics include a population of 250,000 within seven miles earning $50,000 as the average income. Leases running five years are typical.

Fast Frame, Inc.

dba Fast Frame

Brian Harper

1200 Lawrence Drive/ Suite 300

Newbury Park, CA 91320

805-498-4463, Fax 498-8983

Art & Crafts

The 149-unit chain operates locations in CA, AZ, NY, IL, MN, GA, FL, CO, WA, VA, NC, SC, MA, KS, UT and NE. The stores, offering custom picture framing, occupy spaces of 1,500 sq.ft. in power centers. Preferred anchors include Ethan Allen, Strouds, Pier One and other home furnishings stores. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 75,000 within three miles earning at least $40,000 as the average income. The company is franchising.

Family Bookstores Co., Inc.

dba Family Bookstores

Bill Morin

5300 Patterson Avenue S.E.

Grand Rapids, MI 49530

616-554-8618, Fax 554-8632

Books

The 167-unit chain operates locations in 28 states. The book stores, offering books along a religious theme, occupy spaces of 4,000 sq.ft. in power and strip centers. Preferred anchors include regional draw tenants. Plans call for 25 openings in the coming 18 months. Expansion will take place in the Southeast region. Preferred demographics include a population of 100,000 within five miles earning $32,000 as the average income. Leases running seven to 10 years are typical.

Soap Berry Shop

Susan Whyte

50 Galaxy Boulevard Unit 12

Rexdale, Ontario, Canada M9W 4Y5

800-387-4818, Fax 416-674-0249

Cosmetics

The 50-unit chain operates locations in FL, TN and Canada. The "environmentally friendly" cosmetics stores occupy spaces of 800 sq.ft. in regional malls. Plans call for 10 openings in the coming 18 months. Expansion will take place on the east and west coasts of Canada. Leases running 10 years are typical.

Eckerd Corporation

dba Eckerd Drug

Robert Boos

8333 Bryan Dairy Road

Largo, FL 34647

813-399-6355, Fax 399-6508

Drug Store

The 1,725-unit chain operates locations in the Mid-Atlantic and Southeast regions. The stores occupy spaces of 9,500 sq.ft. in freestanding facilities. Plans call for 150 openings in the coming 18 months. Expansion will take place in the Southeast region.

Kelleher Cleaners & Laundromats, Inc.

dba Speedmatic Stores

Kelly Kelleher

2121 Currey Street

Long Beach, CA 90885

422-2100, Fax 422-4390

Dry Cleaners & Laundromats

The 148-unit chain operates locations in CA. The stores occupy spaces of 1,400 sq.ft. to 2,200 sq.ft. in strip centers and freestanding facilities. Preferred anchors include supermarkets. Plans call for 10 openings in the coming 18 months. Expansion will take place in NV, WA and AZ. Preferred demographics include a population of 15,000 within one mile. An average income of $40,000 is preferred for the drycleaning stores and an average income under $30,000 is preferred for the laundromat locations.

Atec Grand Slam U.S.A.

dba Grand Slam U.S.A.

David Shepard

11320 Trade Center Drive

Rancho Cordova, CA 95742

800-775-2607, Fax 916-851-1899

Entertainment

The 85-unit chain operates locations nationwide. The facilities, offering indoor baseball and softball batting cages, basketball courts, miniature golf courses and party rooms, occupy spaces of 7,500 sq.ft. to 33,000 sq.ft. in strip centers and freestanding facilities. Plans call for up to 15 openings in the coming 18 months. Expansion will take place nationwide. Leases running five to 10 years are typical.

Chao Praya Chinese Eatery

Wanchai Suebhongsang

1880 Lakeland Drive/ Suite 3

Jackson, MS 39216

601-982-2863, Fax 982-2895

Food

The 29-unit chain operates locations in AZ, MI, IL, OK, TN, NC, VA and TX. The Chinese restaurants occupy spaces of 650 sq.ft. in regional malls. Plans call for 10 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 300,000 within 15 miles earning $25,000 as the average income. Leases running 10 years are typical.

Showbiz Pizza Time, Inc.

dba Chuck E. Cheese's Pizza

John Artope

4441 W. Airport Freeway

Irving, TX 75015

214-258-8507, Fax 258-8545

Food

The 330-unit chain operates locations nationwide. The restaurants occupy spaces of 9,000 sq.ft. to 10,000 sq.ft. in freestanding facilities, power and strip centers. Plans call for 20 openings in the coming 18 months. Expansion will take place nationwide. Preferred demographics include a population of 200,000 within five miles earning at least $30,000 as the average income. Leases running 10 years are typical.

Good's Furniture, Inc.

dba Good's Furniture & Carpet

Robert Magel

PO Box 11088

Lancaster, PA 17605

717-560-6555, Fax 560-6571

Furniture

The 16-unit chain operates locations in PA, NJ and DE. The stores occupy spaces of 50,000 sq.ft. to 60,000 sq.ft. in power centers and freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in DE and PA. Preferred demographics include a population of 300,000 within seven miles earning at least $50,000 as the average income. Leases running five to 10 years are typical.

Warehouse Home Furnishings Dist., Inc.

dba Farmers Furniture

Lee Metheng

PO Box 1140

Dublin, GA 31040

912-275-6285, Fax 275-6136

Furniture

The 108-unit chain operates locations in AL, GA, FL and SC. The stores occupy spaces of 18,750 sq.ft. to 26,250 sq.ft. in power and strip centers. Preferred anchors include Kmart and Wal*Mart. Plans call for eight openings in the coming 18 months. Expansion will take place in the existing markets. Preferred demographics include a population of 50,000 within 20 miles earning $30,000 as the average income. Leases running 10 to 25 years with options are typical.

Trading Company of America, Ltd.

dba Shane Company

Wayne Corley

8900 Keystone Crossing

Indianapolis, IN 46240

317-581-3100, Fax 581-3157

Jewelry

The 12-unit chain operates locations in IN, KY and KS. The stores occupy spaces of 1,200 sq.ft. in regional malls. Preferred anchors include JC Penney, Sears and Dillards. Plans call for three openings in the coming 18 months. Expansion will take place in IN and KY. Preferred demographics include a population of 50,000 within five miles earning $40,000 as the average income. Leases running five years are typical.

Leather Loft Stores

Roger A. Healy

PO Box 1070

Exeter, NH 03833

603-778-8484, Fax 778-0374

Luggage

The 125-unit chain operates locations nationwide. The stores, selling luggage and small leather goods, occupy spaces of 2,250 sq.ft. in outlet centers. Plans call for 15 openings in 1995 and 15 openings in 1996. Expansion will take place nationwide. Leases running five years with a five-year option are typical.

Luggage Factory Outlet, Inc.

dba Bagmaker's Factory Outlet

William McCartney

PO Box 187

76 Highway 202

Ringoes, NJ 08551

908-788-4810, Fax 788-5635

Luggage

The 12-unit chain operates locations in NY, PA, NJ, SC, OH, FL and ME. The stores, selling luggage and handbags, occupy spaces of 2,000 sq.ft. to 2,500 sq.ft. in outlet centers. Plans call for two openings in the coming 18 months. Expansion will take place in NJ, PA or FL. Leases running five years are typical.

Amailcenter Franchise Group

dba Aim Mail Center

Tess Alvey

18377 Beach Boulevard/ Suite 326

Huntington Beach, CA 92648

714-375-2240, Fax 375-2242

Service

The 31-unit chain operates locations in CA, NV and NM. The stores, offering postal and business services, occupy spaces of 900 sq.ft. to 1,800 sq.ft. in strip centers. Preferred anchors include supermarkets. Plans call for 25 openings in the coming 18 months. Expansion will take place in CA, NV and OR. Preferred demographics include a population of 15,000 within one mile earning $50,000 as the average income. Leases running five years are typical. The company is franchising.

Buffington Retail Development Corp.

dba Buffington Shoe

W.D. Buffington, Jr.

PO Box 2770

Ocala, FL 32674

904-237-6066, Fax 237-3121

Shoes

The three-unit chain operates locations in FL. The stores, selling better brands of shoes, occupy spaces of 10,000 sq.ft. in power centers. Preferred anchors include Dillards. Plans call for two openings in the coming 18 months. Expansion will take place in GA. Preferred demographics include a population of 25,000 within three miles earning $39,000 as the average income. Leases running five years are typical.

Dr. Morley's Specified Shoes

dba Dees Market

Ken Woods

3 Rigley

Irvine, CA 90802

818-683-4904, Fax 683-8285

Shoes

The 17-unit chain operates locations in CA. The stores, selling Western boots, occupy spaces of 4,000 sq.ft. in strip centers and freestanding facilities. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

Golub Corp.

dba Price Chopper Supermarkets

Ron Schleich

PO Box 1074

Schenectady, NY 12301

518-356-4097

Supermarket

The 82-unit chain operates locations in NY, VT, MA and PA. The stores occupy spaces of 43,000 sq.ft. to 82,000 sq.ft. in power and strip centers as well as freestanding facilities. Preferred anchors include discount department stores. Plans call for eight openings in the coming 18 months. Expansion will take place in VT, central and eastern NY, western MA and northern PA. Preferred demographics include a population of 25,000 within five miles. Leases running 20 years are typical.

Sunshine Marketing, Inc.

dba Sunshine Market

Richard Dreher

1492 Highway 315

Wilkes-Barre, PA 18702

717-829-1392, Fax 829-6551

Supermarket

The seven-unit chain operates locations in PA. The stores occupy spaces of 30,000 sq.ft. in strip centers. Preferred anchors include Kmart. Plans call for two openings in the coming 18 months. Expansion will take place in the existing market.

F.A.O. Schwarz

Don Martin

767 5th Avenue

New York, NY 10153

708-295-9496, Fax 888-9344

Toys

The 25-unit chain operates locations nationwide. The stores occupy spaces of 12,000 sq.ft. in regional malls. Plans call for six openings in the coming 18 months. Expansion will take place nationwide.

Toy Liquidators

Tim Kolp

300 Phillipi Road

PO Box 28512

Columbus, OH 43228-0521

614-278-6710

Toys

The 82-unit chain operates locations nationwide. The stores occupy spaces of 4,500 sq.ft. in outlet and strip centers. Preferred anchors include Kmart, T.J. Maxx, Wal*Mart and supermarkets. Plans call for 40 openings in the coming 18 months. Expansion will take place nationwide.

Tehan's Merchandising, Inc.

dba Only $ One

Richard Tehan

Route 5-A Commercial Drive

New Hartford, NY 13413

315-768-6800, Fax 768-8273

Variety

The 11-unit chain operates locations in NY. The stores, selling a variety of merchandise at the fixed-price point of $1, occupy spaces of 10,000 sq.ft. in power, specialty and strip centers. Preferred anchors include Kmart, Wal*Mart and supermarkets. Plans call for nine openings in the coming 18 months. Expansion will take place in the existing market. Leases running 10 years are typical.

Who's Opening & Where...

Good Times Restaurants Inc. (303-427-4421) recently opened two Good Times Drive Thru restaurants in Las Vegas, NV and is planning to open two more units in Las Vegas during the summer. These units are former Rally's Hamburgers Inc. locations. Good Times is planning to open an additional six locations in the Las Vegas area by summer 1996. The company currently operates 24 locations in CO and NV.

Talbots (617-749-7600) plans to open up to 500 stores worldwide by the year 2000, including as many as 80 new concept stores. The company plans to open 170 petite stores, 150 kids stores, 12 surplus stores, up to 25 stores in Canada and up to 40 stores throughout Europe. Additionally, the company plans to open up to 80 new concept Talbots Intimates stores and Talbots Accessories and Shoe stores.

The Cheesecake Factory, Inc. (818-880-9323) is planning to open restaurants in Boca Raton, FL, Chicago, IL, Boston, MA, Houston, TX and Las Vegas, NV by spring 1996. The company currently operates 11 restaurants in CA, GA and Washington, D.C.

Cost Plus, Inc. (805-492-6191) recently opened a 15,000 sq.ft. store in Cherry Creek West, CO and a store in Los Angeles, CA. The company currently operates 48 stores in nine western states.

Tandy Corporation (817-390-3011) plans to open a smaller concept of its Computer City chain called an Express Store in Tulsa, OK this month. The Express Store will be half the size of Computer City's normal 23,000 sq.ft. store but carry similar merchandise. In addition, Tandy expects to open Computer City stores in Cincinnati, OH, Houston, TX and Minnetonka, MN before the end of this year.

Starbucks Corporation (206-447-4285) plans to open units in Austin, TX and Baltimore, MD by the end of this year.

Wal*Mart (501-273-4000) plans to open a 50,000 sq.ft. store in Bennington, VT during fall. The company is also planning to open supercenters in Mount Sterling, Richmond, Elizabethtown, Hopkinsville, Madisonville, Middlesboro and Paducah, KY.

Revco Drug Stores (216-425-9811) plans to open eight stores in the Baltimore, MD area by the end of this year.

OfficeMax (216-295-6411), through a joint venture with Grupo Oprimax, plans to open up to 50 stores in Mexico.

Kenny Rogers Roasters (305-938-0330) plans to open a restaurant in Yoga, Japan next month. The company also has restaurants in Malaysia, Singapore, the Philippines and Korea.

Eagle Hardware & Garden (206-431-5740) recently opened stores in the Pugent Sound, WA and Orem, UT areas and is planning to open two stores in the Denver, CO area during the third quarter.

Larry's Markets (206-243-2951) plans to open a new concept store called LoBuck$ Food & Drug Store in West Seattle, WA next month. The 65,000 sq.ft. store will feature a full-service supermarket including a bakery, butcher shop, seafood counter and deli counter, a full-service pharmacy, and a video store. The company is also planning to open a traditional Larry's Market at Lakewood Mall in Tacoma, WA during August.

R.E.I. Co-op (206-395-3780) recently open stores in Orem, UT and Mission Viejo, CA. The company is planning to open a second store in the Atlanta, GA area during fall. The outdoor equipment retailer has 42 stores.

Funco, Inc. (612-946-7222) recently opened a 1,200 sq.ft. Funcoland store inside a Super Kmart Center in Port Arthur, TX as part of a test. If the concept works, Funcoland stores may be added to other Super Kmart stores.

McDonald's Corp. (708-575-3000) plans to open its second Hearth Express restaurant in Naperville, IL. The company currently operates a Hearth Express in Darien, IL. Hearth Express restaurants offer lunches and dinners of rotisserie chicken, baked ham and meatloaf with a variety of side orders and bread for a fixed price between $1.99 to $5.99. Hamburgers are not available at the restaurants.

Foley's (314-342-6466) plans to build a 220,000 sq.ft. department store at the Westwood Mall in Houston, TX.

Roberds (513-859-5127) plans to open a 300,000 sq.ft. store in Cincinnati, OH during 1996. The home furnishings chain currently operates six stores in the Dayton, OH area, seven stores in the Atlanta, GA area and eight stores in the Tampa, FL area.

Albertson's (208-385-6437) plans to open 350 supermarkets by 1999.

HomeBase (714-442-5000) plans to open a home improvement store in Clackamas County, OR during 1996.

Virgin Megastore (805-564-4377) plans to open a 53,000 sq.ft. store in San Francisco next month.

Hooters of America (404-951-2040), through its franchisee RMD Corp., plans to open a Hooters Restaurant in Merrillville, IN next month.

Quizno's Franchise Corp. (303-329-6564) recently signed agreements with area directors to develop up to 152 Quizno's Classic Subs units over the next 10 years in TX, MN and ND.

BP Oil Company (216-586-6762) recently opened 18 BP Express convenience stores/service stations in the Cleveland, OH area. The new stores are larger that traditional BP convenience stores and offer an on-site bakery, in-store restrooms and an automatic teller machine.

Best Buy Co., Inc. (612-947-2000) recently opened new concept stores, called Concept III, in West Palm Beach, Boca Raton, Plantation, Hialeah, and three in Miami, FL. The stores range in size from 45,000 sq.ft. to 58,000 sq.ft. and feature interactive kiosks, an in-store arcade to test video games, classrooms for computer training and more than 100 individual listening posts for CDs.

Fresh Fields Markets, Inc. (301-984-3737) plans to open smaller versions of its healthy foods supermarkets in the Chicago, IL area. The first is expected to be open by the end of the year. The store will range in size from 4,000 sq.ft. to 6,000 sq.ft. and will feature fresh produce and perishable goods. The company also plans to open seven of its traditional supermarkets (16,000 sq.ft. to 30,000 sq.ft.) in NY, PA, IL and Washington, D.C. by the end of the year.

Seattle's Best Coffee (206-624-8858) through local franchisees, plans to open 15 coffee stores in Los Angeles County, CA and up to 20 stores each in Chicago, IL and Boston, MA over the next two years.

Children's Sample Outlet (215-345-0794) plans to open a children's apparel outlet store in PA this year. The company currently operates three stores in PA.

Country Boys Food Stores (915-356-5271) plans to open a Country Boys Supermarket in Central TX this year. The company currently operates three units in TX.

Borders, Inc. (313-995-9702) plans to open Borders Books and Music stores in Germantown, TN and Coconut Grove, FL during fall; in Santa Barbara, CA and Duluth, MN during winter and in Brea, CA early in 1996.

Krause Gentle Corporation (515-226-0128) plans to open three Kum & Go convenience stores in Rockwell City, Altoona and Harlan, IA within the coming year. The company currently operates 129 convenience stores in IA, MO, CO, ND and MT.

Space Place

California

Cupertino- A 3,007 sq.ft. former Fitting Image store is available for lease at Vallco Fashion Park. The current lease expires January 31, 1997.

For details, contact Denni Strozewski of The Fitting Image at (800-487-4882), Fax (617-422-6212).

Milpitas- Milpitas Town Center is anchored by Mervyn's, Michaels and Miller's Outpost. A 24,923 sq.ft. former Marshalls store is available for lease. The site fronts E. Calazeras Boulevard.

For details, contact Amanda Andrade of Marshalls at (508-474-7341).

Florida

Brooksville- Brook Plaza is anchored by Save A Lot. The project has a 1,400 sq.ft. space available for lease. In Inverness- Citrus Plaza is anchored by Save A Lot and B&W Rexall Drugs. The project has a 900 sq.ft. space available for lease.

For more information, contact Paul Ajdaharian of Brandywine Real Estate Management Services Corp. at (813-726-6880), Fax (725-4391).

Hawaii

Hilo- Waiakea Center is anchored by Wal*Mart. The 250,000 sq.ft. project has spaces from 1,200 sq.ft. to 60,000 sq.ft., plus pad sites, available for lease. The project is expected to open late summer 1996. The site fronts Kanoelehua and Makaala Streets and is located near Prince Kuhio Plaza, Sears and JC Penney. Demographics include a five-mile population of 35,922 earning $44,674 as the average income. In Kailua-Kona- Crossroads Shopping Center is anchored by Wal*Mart, Safeway and Chevron-USA. The 220,000 sq.ft. project has spaces of 350 sq.ft. and 7,500 sq.ft. available for lease. The site fronts Queen Kaahumanu Highway and Henry Street, which generate a daily traffic count of 40,000 cars, and is located near Kmart, Marshalls and Longs. Demographics include a five-mile population of 11,821 earning $52,930 as the average income.

For details, contact Edward Rapoza of Maryl Development at (808-322-7890), Fax (322-7778).

New Jersey

Hackettstown- 80 Main Plaza is anchored by ShopRite Liquor. The 47,000 sq.ft. project has spaces from 1,100 sq.ft. to 15,000 sq.ft. available for lease. The site fronts Route 46 and Church Street which generate a daily traffic count of 16,500 cars. Demographics include a five-mile population of 92,432 earning $52,503 as the average income.

For details, contact Audrey Grant of Complete Property Management, Inc. at (908-879-5106), Fax (879-8513).

Woodbridge- Colonia Shopping Center is anchored by Cloth World and Lifestyle Fitness. The 60,000 sq.ft. project has spaces of 4,980 sq.ft. and 15,000 sq.ft. available for lease. Demographics include a three-mile population of 125,000 earning $61,000 as the average household income and a five-mile population of 314,000 earning $62,000 as the average household income.

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

Pennsylvania

Philadelphia- Haverford Avenue Shoppes has spaces from 1,200 sq.ft. to 4,000 sq.ft. available for lease. The site fronts Haverford Avenue and City Line Avenue. Demographics include a three-mile population of 291,561 earning $41,613 as the average income.

For details, contact Jeffrey B. Goldstone of Herbert Yentl & Co., Inc. at (215-878-7300), Fax (877-0955).

Philadelphia- The 125,000 sq.ft. Roosevelt Plaza has spaces from 1,250 sq.ft. to 8,500 sq.ft. available for lease. The site fronts Route 1 which generates a daily traffic count of 120,000 cars. Demographics include a one-mile population of 65,000 earning $35,000 as the average family income.

For details, contact Robert Shasha of The Cotswold Group at (914-654-0035), Fax (654-0188).