The
Dealmakers issue Number 29 for the week of August 18, 1995.
Furniture
Tenants Looking for Sites
Ivan
Smith Furniture, Inc. trades as Ivan Smith Furniture and Appliances at 33 locations in LA,
AR and East TX. The stores, selling
furniture, appliances and electronics, occupy spaces of 10,000 sq.ft. to 17,000 sq.ft. in
freestanding facilities and strip centers. Plans
call for three openings in the coming 18 months. Expansion
will take place in the existing markets.
For more information, contact Bob Alexander, Ivan
Smith Furniture, Inc., 503 West 70th Street, Shreveport, LA 71106; 318-688-1335, Fax
688-0628.
Futon
of North America operates 20 locations in WA. The
stores, selling futons and futon frames, occupy spaces of 1,600 sq.ft. to 2,600 sq.ft. in
downtown store fronts, regional malls, power, specialty and strip centers. Plans call for 10 openings in the coming 18
months. Expansion will take place in OR. Preferred demographics include a population of
25,000 within one mile earning $30,000 as the average income. Leases running five years are typical.
For more information, contact Dan Durr, Futon of
North America, c/o First Western Properties, PO Box 111148, Tacoma, WA 98411;
206-472-0404, Fax 472-0541.
ATM
Enterprises does business as American 1st Rental Center at 24 locations in GA, WI and IL. The stores, which rent home furnishings, occupy
spaces of 3,000 sq.ft. to 8,000 sq.ft. in power centers.
Plans call for 12 openings in the coming 18 months.
Expansion will take place in IL, GA, SC, WI and FL.
For more information, contact Ken Owen, ATM
Enterprises, 6400 Hillandale Drive, Lithonia, GA 30058; 404-482-2400, Fax 482-8971.
Aaron
Rents trades as Aaron's Rental Purchase at 220 locations in GA, AL, LA, MI, NY and SC. The stores, which rent home furnishings, occupy
spaces of 9,000 sq.ft. to 20,000 sq.ft. in freestanding facilities and strip centers. Plans call for 70 openings in the coming 18
months. Expansion will take place in FL, GA,
LA, AL, TX, OH, IN, TN and VA.
For more information, contact Bruce Zimmer, Aaron
Rents, 309 East Paces Ferry Road, Atlanta, GA 30305; 404-231-0011, Fax 240-6594.
Phoenix
Furniture, Inc. trades as Outlet Furniture at two locations in IL and WI. The stores occupy spaces of 15,000 sq.ft. in
downtown store fronts and strip centers. Plans
call for one opening in the coming 18 months. Expansion
will take place in the existing markets.
For more information, contact Ralph Garrity,
Phoenix Furniture, Inc., 1033 Old World N. Third Street, Milwaukee, WI 53203;
414-271-2795, Fax 271-9607.
Heilig-Meyers
Furniture Co. trades as Heilig-Meyers at 675 locations nationwide. The stores occupy spaces of 25,000 sq.ft. in
downtown store fronts, freestanding facilities and strip centers. Plans call for 100 openings in the coming 18
months. Expansion will take place nationwide.
For more information, contact Steve Hull,
Heilig-Meyers Furniture Co., 2235 Staples Mill Road, Richmond, VA 23230; 804-359-9171, Fax
254-1437.
Food
Tenants Hungry for Sites Nationwide
BP
Acquisition Corp. trades as Birraporetti's Restaurant at five locations in CA and TX. The Italian restaurants occupy spaces of 5,500
sq.ft. to 6,000 sq.ft. in downtown store fronts, freestanding facilities and regional
malls. Plans call for two openings in the
coming 18 months. Expansion will take place
in the existing markets.
For more information, contact Eric Lestin, BP
Acquisition Corp., c/o Lestin Advisors, 1980 Post Oak Boulevard #1945, Houston, TX 77056;
713-993-9300, Fax 993-0505.
Arthur
Treacher's, Inc. trades as Arthur Treacher's Fish & Chips at 156 locations in FL, GA,
IL, MD, NJ, OH, PA, SC, TX, VA and Washington, D.C. The
fast food restaurants, specializing in fish, clams, shrimp and chicken, occupy spaces of
550 sq.ft. to 2,000 sq.ft. in freestanding facilities and regional malls. Plans call for 60 openings in the coming 18
months. Expansion will take place in SC, NC,
OH, TX and FL.
For more information, contact Michael Proulx,
Arthur Treacher's, Inc., 7400 Baymeadows Way/ Suite 30, Jacksonville, FL 32256;
904-739-1200, Fax 739-2500.
Bavarian
Soft Pretzels, Inc. trades as Bavarian Pretzel Bakery at 85 locations in NY, NJ, CT, MA,
PA, VA, MD and OH. The stores, offering
pretzels and snacks, occupy spaces of 150 sq.ft. to 600 sq.ft. in regional malls. Plans call for 10 openings in the coming 18
months. Expansion will take place in NY, OH,
KY, MA and VT.
For more information, contact Peter Ballas,
Bavarian Soft Pretzels, Inc., 505 West Rosedale Road, Lancaster, PA 17601; 717-299-0968,
Fax 299-2476.
Bowincal
International, Inc. does business as Bowincals at six locations in WV. The family sit down restaurants occupy spaces of
1,500 sq.ft. in freestanding facilities and strip centers.
Growth opportunities are sought in the existing markets.
For more information, contact Busord Jividen,
Bowincal International, Inc., 421 Virginia Street West, Charleston, WV 25302;
304-345-8843.
Caliente
Cab Company operates two locations in NY. The
restaurants, serving Tex-Mex cuisine, occupy spaces of 2,500 sq.ft. in downtown store
fronts. Growth opportunities are sought in
the Village and Mid-Town locations of New York City.
For more information, contact Howard Burke,
Caliente Cab Company, 61 7th Avenue South, Manhattan, NY 10014; 212-243-8517, Fax
243-1252.
Blimpie
International, Inc. trades as Blimpie at 700 locations nationwide. The fast food restaurants, serving submarine
sandwiches and salads, occupy spaces of 1,200 sq.ft. in various types of real estate. Plans call for 600 openings in the coming 18
months. Expansion will take place nationwide.
For more information, contact Charles Leanes,
Blimpie International, Inc., 740 Broadway/ 12th Floor, New York, NY 10003; 212-673-5900,
Fax 995-2560.
Barnie's
Coffee & Tea Co., Inc. trades as Barnie's Coffee & Tea Co. at 82 locations along
the East Coast. The stores, selling gourmet
coffee and tea, occupy spaces of 1,000 sq.ft. in downtown store fronts and regional malls. Growth opportunities are sought in the
Southeastern region.
For more information, contact Philip Jones,
Barnie's Coffee and Tea Co., Inc., 340 N. Primrose Drive, Orlando, FL 32803-5889;
407-894-1416, Fax 898-5341.
Bresler's
Industries, Inc. does business as Bresler's Ice Cream & Yogurt at 300 locations in the
Midwest, Southeast, Southwest and West Coast. Serving
frozen desserts, ice cream and yogurt, the units occupy spaces of 300 sq.ft. to 800 sq.ft.
in regional malls. Plans call for up to 30
openings in the coming 18 months. Expansion
will take place in the Southeastern, Southwestern and West Coast regions.
For more information, contact Herbie Ahitow,
Bresler's Industries, Inc., 999 E. Touhy Avenue #333, Des Plaines, IL 60018; 708-298-1100,
Fax 298-0697.
Bain's
Deli operates 70 locations in PA, OH, NJ, NY, MA, MD, FL, GA, DE, VA, IL and Washington,
D.C. The Jewish-style delicatessens occupy
spaces of 500 sq.ft. in food courts of regional malls.
Growth opportunities are sought in the Mid-Atlantic and Southeastern regions.
For more information, contact Edward Tress, Bain's
Deli, 100 Four Falls Corporate Center 110, West Conshohocken, PA 19428; 610-825-7684, Fax
825-0602.
LJR
Pizza, Inc. trades as Lil' John Rinaldi Pizza at one location in OH. The company is looking for spaces of 750 sq.ft. to
1,000 sq.ft. in strip centers. Preferred
anchors include supermarkets, taverns and bowling alleys.
Plans call for six openings in the coming 18 months.
Expansion will take place in the existing market.
Preferred demographics include a population of 150,000 within three miles earning
$35,000 as the average income. Leases running
three to five years, with options, are typical.
For more information, contact Daniel Wyman, LJR
Pizza, Inc., c/o Reisenfeld & Co., 3659 S. Green Road #315, Beachwood, OH 44122;
216-765-8080, Fax 765-8843.
Bojangles
Restaurants, Inc. trades as Bojangles at 200 locations in NC, SC, VA, TN, PA, GA and KY. The restaurants occupy spaces of 20,000 sq.ft. to
40,000 sq.ft. in freestanding facilities. Growth
opportunities are sought in NC and SC.
For more information, contact Tracy Rumsey,
Bojangles Restaurants, Inc., 9600 H. Southern Pines Boulevard, Charlotte, NC 28273;
704-527-2675, Fax 523-6803.
Souper
Salad Incorporated does business as Souper Salad and Souper Salad Express at 11 locations
in MA. The stores, serving soup, salad and
sandwiches, occupy spaces of 1,000 sq.ft. to 4,000 sq.ft. in downtown store fronts. Plans call for six openings in the coming 18
months. Expansion will take place in IL, PA
and Washington, D.C.
For more information, contact Bruce Reinstein,
Souper Salad Incorporated, 80 Ashford Street, Boston, MA 02134; 617-254-7687, Fax
254-7613.
Stewart's
Restaurants, Inc. trades as Stewart's at 58 locations in NJ, OH, PA, WV, MD and KY. The fast food restaurants occupy spaces of 672
sq.ft. to 1,500 sq.ft. in freestanding facilities on a land area of one-half acre. Growth opportunities are sought in the existing
markets.
For more information, contact Michael Fessler,
Stewart's Restaurants, Inc., 114 West Atlantic Avenue, Clementon, NJ 08021; 609-346-1300,
Fax 783-7616.
Eateries,
Inc. trades as Garfield's Restaurant & Pub at 46 locations in OK, TX, FL, KY, AL, IL,
MO, AR, TN, LA, GA, MI, OH, IN, NY, WI, WV, MS, NC, CA, IA and CO. The restaurants occupy spaces of 4,500 sq.ft. in
regional malls. Preferred anchors include
Lord & Taylor. Plans call for 20
openings in the coming 18 months. Expansion
will take place in the existing markets. Leases
running 10 to 12 years are typical.
For more information, contact Vincent Orza, Jr.,
Eateries, Inc., 3240 W. Britton Road/ Suite 202, Oklahoma City, OK 73120; 405-755-3607,
Fax 751-7348.
Elias
Bros. Restaurants, Inc. does business as Bob's Big Boy Restaurant & Bakery at 1,009
locations nationwide. The family restaurants
occupy spaces of 5,700 sq.ft. in freestanding facilities and regional malls. Plans call for 27 openings in the coming 18
months. Expansion will take place worldwide.
For more information, contact Ron Johnston, Elias
Bros. Restaurants, Inc., 4199 Marcy, Warren, MI 48091; 810-759-6000, Ext. 113, Fax
757-4737.
El
Centro Foods, Inc. trades as Pizza Man "He Delivers" at 64 locations in CA. The concept occupies spaces of 800 sq.ft. to 1,200
sq.ft. in regional malls and strip centers. Plans
call for five openings in the coming 18 months. Expansion
will take place in the existing market.
For more information, contact Robert Ohanian, El
Centro Foods, Inc., 6930 1/2 Tujunga Avenue, North Hollywood, CA 91605; 818-766-4395, Fax
766-1496.
Frullati
operates 16 locations in TX, MO, NC, IL and AR. The
units, serving fruit smoothies and deli items, occupy spaces of 600 sq.ft. in downtown
store fronts and specialty centers. Plans
call for 50 openings in the coming 18 months. Expansion
will take place in LA, IN, MN, NC, GA and FL.
For more information, contact Zack Dalal,
Frullati, 12850 Spurling Road/ Suite 120, Dallas, TX 75230; 214-490-8700, Fax 490-8787.
Cousins
Submarines, Inc. trades as Cousins Submarines Sandwich Shops at 68 locations in WI, MN and
IL. The restaurants, serving sandwiches,
soups and salads, occupy spaces of 1,500 sq.ft. to 2,000 sq.ft. in downtown store fronts,
freestanding facilities and strip centers. Growth
opportunities are sought in the Midwest.
For more information, contact James A. Schrank,
Cousins Submarines, Inc., N83W13400 Leon Road, Menomonee Falls, WI 53051; 414-253-7700,
Fax 253-7710.
Cottage
Inn Carry Out and Delivery trades as Cottage Inn Pizza at 20 locations in MI. The restaurants occupy spaces of 1,200 sq.ft. in
strip centers. Plans call for up to five
openings in the coming 18 months. Expansion
will take place in the existing market.
For more information, contact Jeff Wong, Cottage
Inn Carry Out and Delivery, 3001 Plymouth Road/ Suite 201, Ann Arbor, MI 48105-3205;
313-663-2470, Fax 747-7177.
Carbone's
Pizzeria operates 19 locations in MN, SD and WI. The
restaurants occupy spaces of 800 sq.ft. to 1,200 sq.ft. in freestanding facilities and
strip centers. Plans call for up to three
openings in the coming 18 months. Expansion
will take place in MN and WI.
For more information, contact Tom Carbone,
Carbone's Pizzeria, 680 E. 7th Street, St. Paul, MN 55106; 612-771-5553, Fax 771-3320.
Chubby's
operates 55 locations in CA, OR, WA, AR, NV and VA.
The restaurants, serving breakfast, lunch and dinner in a 1950's ambiance, occupy
spaces of 1,200 sq.ft. to 1,500 sq.ft. in freestanding facilities and strip centers. Plans call for up to 20 openings in the coming 18
months. Expansion will take place
nationwide.
For more information, contact Kris Edwards,
Chubby's, 7840 Madison Avenue/ Suite 185, Fair Oaks, CA 95628; 916-535-0166, Fax 863-6778.
J.
Alexander Restaurant operates six locations in TN, OH, IL and FL. The restaurants, serving mesquite grilled seafood,
steaks and chicken, occupy spaces of 7,400 sq.ft. in freestanding facilities. Plans call for nine openings in the coming 18
months. Expansion will take place in FL, OH,
AL, MI, IL and TN.
For more information, contact Gaylor Cole, J.
Alexander Restaurant, c/o Volunteer Capital Corp., PO Box 24300, Nashville, TN 37202;
615-269-1900, Fax 269-1999.
Yogurt
Ventures USA trades as Freshens Premium Yogurt & Ice Cream at 400 locations
internationally. The stores, selling frozen
desserts, pretzels and baked goods, occupy spaces of 144 sq.ft. to 550 sq.ft. in downtown
store fronts, kiosks, regional malls and specialty centers.
Growth opportunities are sought nationwide.
For more information, contact Chris Barrett,
Yogurt Ventures USA, 2849 Paces Ferry Road, Atlanta, GA 30339; 404-433-0983, Fax 431-9081.
Le
Peep Restaurants, Inc. does business as Le Peep at 56 locations in AZ, CA, CO, CT, FL, GA,
IL, IN, IA, KS, MI, MN, NE, NJ, NM, NY and Washington, D.C.
The restaurants occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding
facilities and strip centers. Plans call for
up to 12 openings in the coming 18 months. Expansion
will take place nationwide.
For more information, contact Mitch Rhodes, Le
Peep Restaurants, Inc., 4 West Dry Creek Circle #201, Littleton, CO 80210; 303-730-6300,
Ext. 101, Fax 730-7105.
Gardners
Candies, Inc. trades as Gardners Candies at 28 locations in MD, NY, PA, VA and WV. The stores, selling bulk and pre-packaged candy,
occupy spaces of 1,100 sq.ft. to 2,000 sq.ft. in freestanding facilities and strip
centers. Growth opportunities are sought in
PA.
For more information, contact David Black,
Gardners Candies, Inc., Tyrone Industrial Park #E, Tyrone, PA 16686; 814-684-3925, Fax
684-3928.
The
Jan Companies does business as East Side Mario's at eight locations in RI, MA, FL and
Canada. The casual Italian restaurants occupy
spaces of 6,000 sq.ft. in freestanding facilities. Growth
opportunities are sought in New England.
For more information, contact Nicholas Janikies,
The Jan Companies, 35 Sockanosset Cross Road, Cranston, RI 02920; 401-946-4000, Fax
946-4392.
Pizza
USA Management, Inc. trades as Pizza USA at 11 locations in NY, FL, CA, AZ and Puerto
Rico. The stores, serving pizza, salads,
sandwiches and pasta, occupy spaces of 500 sq.ft. to 900 sq.ft. in regional malls. Plans call for three openings in the coming 18
months. Expansion will take place within the
existing markets, except Puerto Rico. Leases
running 10 years are typical. The company is
franchising.
For more information, contact Raymond Nevin, Pizza
USA Management, Inc., 2201 West Sample Road/ Building 9 #1b, Pompano Beach, FL 33073;
305-972-5625, Fax 978-6404.
Cheese
Steak Shop operates 10 locations in CA. The
stores, offering Philadelphia-style cheese steak and submarine sandwiches, occupy spaces
of 1,500 sq.ft. in regional malls and strip centers.
Plans call for up to two openings in the coming 18 months. Expansion will take place in the existing markets.
For more information, contact Keith Layton, Cheese
Steak Shop, 13925 San Pablo Avenue/ Suite 200, San Pablo, CA 94806; 510-232-8411, Fax
232-8415.
Katie
MacGuire's Pie & Bake Shoppe operates 17 locations in CA. The units, offering baked goods, occupy spaces of
1,500 sq.ft. in strip centers. Plans call for
five openings in the coming 18 months. Expansion
will take place in the existing market.
For more information, contact Tom Channel, Katie
MacGuire's Pie & Bake Shoppe, 17682 Sampson Lane, Huntington Beach, CA 92647;
714-723-4347.
Milano's
Italian Kitchen, Balducci's Trattoria, Hollywood Grille and Guacomole's Mexican Grille
operate 18 locations in CA, MA and IL. The
restaurants occupy spaces of 6,500 sq.ft. in freestanding facilities and end-caps of strip
centers. Plans call for six openings in the
coming 18 months. Expansion will take place
nationwide.
For more information, contact Irwin Hyman, c/o
Capital Commercial Real Estate, 16000 Ventura Boulevard/ Suite 900, Encino, CA 91436;
818-906-1211, Fax 905-2425.
Checkers
Drive-In Restaurants trades as Checkers Drive-In at 500 locations nationwide. The drive-thru fast food restaurants occupy spaces
of 875 sq.ft. in freestanding facilities. Plans
call for 100 openings in the coming 18 months. Expansion
will take place within the Eastern region.
For more information, contact Tom Nash, Checkers
Drive-In Restaurants, PO Box 1079, Clearwater, FL 34617; 813-441-3500, Fax 443-7047.
Gorin's
Homemade Ice Cream, Inc. trades as Gyro Wrap, Gorin's and J. Brenners at 120 locations in
GA, AL, FL, NY, MD, NC and SC. The
restaurants occupy spaces of 700 sq.ft. to 1,500 sq.ft. in freestanding facilities,
regional malls, power and strip centers. Plans
call for up to 50 openings in the coming 18 months. Expansion
will take place in FL, NC, SC, LA, TX, TN and AL. Preferred
demographics include a population of 50,000 within two miles earning $50,000 as the
average income. Leases running 10 years are
typical. The company is franchising.
For more information, contact Mike Philips,
Gorin's Homemade Ice Cream, Inc., 158 Oak Street, Avondale Estates, GA 30002;
404-292-0043, Fax 292-0081.
Foodmaker,
Inc. trades as Jack In The Box at 1,172 locations in AZ, CA, CO, HI, ID, IL, LA, MO, NM,
TX, WA and NV. The fast food restaurants
occupy spaces of 2,700 sq.ft. in freestanding facilities.
Growth opportunities are sought in CA.
For more information, contact Bill Motts,
Foodmaker, Inc., 9330 Balboa, San Diego, CA 92123; 619-571-2121, Fax 694-1543.
Donato's
trades as Donato's Pizza at 80 locations in OH, KY and IN.
The pizza restaurants occupy spaces of 1,200 sq.ft. to 3,300 sq.ft. in downtown
store fronts and strip centers. Plans call
for up to 40 openings in the coming 18 months. Expansion
will take place in MI, IN and NC.
For more information, contact John Kraft,
Donato's, 935 Taylor Station Road, Blacklick, OH 43004-9538; 614-864-2444, Fax 575-4466.
Great
Outdoor Sub Shop, Inc. trades as Great Outdoor Sub Shop at eight locations in TX. The units, selling sandwiches, salads and ice
cream, occupy spaces of 1,800 sq.ft. to 2,000 sq.ft. in freestanding facilities and end
caps of strip centers. Plans call for up to
two openings in the coming 18 months. Expansion
will take place in the existing market.
For more information, contact Gerry Oliverie,
Great Outdoor Sub Shop, Inc., 6306-B Greenville Avenue, Dallas, TX 75206; 214-373-8259,
Fax 373-6339.
Jolly
Pirate Enterprises does business as Jolly Pirate Donuts at 17 locations in OH, WV and KY. The donut shops occupy spaces of 1,200 sq.ft. to
1,600 sq.ft. in freestanding facilities. Plans
call for six openings in the coming 18 months. Expansion
will take place in OH.
For more information, contact Nick Soulas, Jolly
Pirate Enterprises, 3923 East Broad Street, Columbus, OH 43213; 614-235-4501, Fax
235-4533.
Chicago's
Pizza Franchise operates 10 locations in IL, KY, MI and OH.
The restaurants occupy spaces of 2,200 sq.ft. in freestanding facilities. Plans call for one opening in the coming 18
months. Expansion will take place within the
existing markets. Leases running five years
are typical. The company is franchising.
For more information, contact Robert McDonald,
Chicago's Pizza Franchise, 1111 N. Broadway, Greenfield, IN 46140; 317-462-9878.
Happy
Joe's Pizza & Ice Cream operates 69 locations in IA, IL, MN, WI, ND and MO. The pizza restaurants occupy spaces of 1,000
sq.ft. to 9,000 sq.ft. in freestanding facilities, regional malls and strip centers. Plans call for up to three openings in the coming
18 months. Expansion will take place within
the existing markets as well as KS.
For more information, contact Larry Whitty, Happy
Joe's Pizza & Ice Cream, 2705 Commerce Drive, Bettendorf, IA 52722; 319-332-8811, Fax
332-5822.
Murphy's
Pizza trades as Papa Aldo's and Murphy's at 151 locations in CA, WA, OR, ID, NV, MT and
UT. The stores, selling unbaked pizza,
calzones and pasta products, occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in freestanding
facilities and end caps of strip centers. Plans
call for 40 openings in the coming 18 months. Expansion
will take place in CO and WY.
For more information, contact Robert Graham,
Murphy's Pizza, SW Multnomah Boulevard, Portland, OR 97219; 503-246-7272, Fax 245-3654.
Home
Grown Industries of GA trades as Mellow Mushroom at 25 locations in GA. The restaurants, serving 1960's style pizza,
occupy spaces of 1,500 sq.ft. to 3,000 sq.ft. in freestanding facilities and strip
centers. Plans call for three openings in the
coming 18 months. Expansion will take place
in GA, NC and SC.
For more information, contact Mike Nicholson, Home
Grown Industries of GA, 695 North Avenue N.E., Atlanta, GA 30308; 404-524-6133, Fax
223-5419.
D.
Seidman & Son trades as Hollywood Grill at 20 locations in DE, MD and NJ. The restaurants, serving burgers, fries and ice
cream in a Hollywood theme, occupy spaces of 2,500 sq.ft. in strip centers. Preferred anchors include Borders Books and Zany
Brainy. Plans call for six openings in the
coming 18 months. Expansion will take place
nationwide. Preferred demographics include a
population of 100,000 within 10 miles earning $30,000 as the average income. Leases running 10 years are typical.
For more information, contact Donald Seidman,
Hollywood Grill, 2385 Route 70/ Suite A, Cherry Hill, NJ 08034; 609-663-3533.
2001
Flavors of America trades as 2001 Flavors Plus Potatoes at 17 locations in CA, FL, TX and
Mexico. The concept, selling yogurt and baked
potatoes, occupies spaces of 1,000 sq.ft. to 1,400 sq.ft. in regional malls, power and
specialty centers. Preferred anchors include
Lord & Taylor and supermarkets. Plans
call for 15 openings in the coming 18 months. Expansion
will take place in the Midwestern and Southeastern regions.
Preferred demographics include a population of 40,000 within three miles earning
$50,000 as the average income. Leases running
five years with a five-year option are typical. The
company is franchising.
For more information, contact Mike Whitman, 2001
Flavors of America, 8920 Independence Avenue, Canoga Park, CA 91304; 818-341-9910, Fax
341-9923.
Brew
Moon operates two locations in MA. The
restaurant and micro-brewery occupy spaces of 8,000 sq.ft. to 10,000 sq.ft. in
freestanding facilities. Plans call for three
openings in the coming 18 months. Expansion
will take place from MA to WA.
For more information, contact Paul Faraca, Brew
Moon, c/o Boylston Properties, 100 Boylston Street, Boston, MA 02116; 617-451-5353, Fax
451-5120.
Ameci
In & Out, Inc. trades as Ameci Pizza And Pasta at 41 locations in CA. The restaurants, serving pizza, pasta, salads and
sandwiches, occupy spaces of 1,200 sq.ft. in strip centers.
Plans call for 10 openings in the coming 18 months.
Expansion will take place in AZ, CA and NV.
For more information, contact Nick Andrisano,
Ameci In & Out, Inc., 6603 Independence Avenue, Canoga Park, CA 91303; 818-712-0110,
Fax 712-0792.
Happy
Chef Restaurant operates 47 locations in SD, NE, IA, WI and KS. The restaurants occupy spaces of 4,000 sq.ft. in
freestanding facilities. Growth opportunities
are sought in the existing markets.
For more information, contact Roger Hoppe, Happy
Chef Restaurant, PO Box 3328, Mankato, MN 56002-3328; 507-345-4571, Fax 345-4585.
Little
King operates 60 locations nationwide. The
fast food restaurants occupy spaces of 1,000 sq.ft. to 1,800 sq.ft. in downtown store
fronts, regional malls, outlet, power and strip centers.
Plans call for 60 openings in the coming 18 months.
Expansion will take place nationwide.
For more information, contact Sid Wertheim, Little
King, 11811 I Street, Omaha, NE 68137; 402-330-8019, Fax 330-3221.
Manchu
Wok operates 245 locations throughout North America.
The restaurants, serving Chinese food, occupy spaces of 600 sq.ft. to 1,000 sq.ft.
in specialty centers and food courts of regional malls.
Plans call for up to 50 openings in the coming 18 months. Expansion will take place throughout North
America.
For more information, contact Ed Wollent, Manchu
Wok, 400 Fairway Drive/ Suite 106, Deerfield Beach, FL 33441; 305-481-9555, Fax 481-9670.
Luby's
Cafeterias, Inc. trades as Luby's Cafeteria at 184 locations in TX, OK, NM, AZ, AR, FL,
TN, KS, MO, MS, MT and LA. The
cafeteria-style restaurants occupy spaces of 9,500 sq.ft. in freestanding facilities,
regional malls and strip centers. Growth
opportunities are sought in the existing markets.
For more information, contact Carl Cheaney, Luby's
Cafeterias, Inc., PO Box 33069; San Antonio, TX 78265; 210-654-9000, Fax 599-8407.
1
Potato 2, Inc. does business as 1 Potato 2 at 50 locations nationwide. The fast food restaurants, specializing in baked
potatoes, occupy spaces of 400 sq.ft. to 600 sq.ft. in food courts of regional malls. Plans call for two openings in the coming 18
months. Expansion will take place in the
Midwestern region and on the West Coast.
For more information, contact Connie Martin, 1
Potato 2, Inc., 5640 International Parkway, New Hope, MN 55428; 612-537-3833, Fax
537-4241.
Who's
Opening and Where...
Best
Products (804-261-2396) plans to open stores in Pineville, Matthews and Gastonia, NC
during the fall.
Kohl's
Department Stores (414-783-5800) plans to open two stores in Wichita, KS.
HomeBase
(714-442-5000) plans to open a home center store in Scottsdale, AZ during spring 1996.
Just
for Feet (205-987-3450) recently opened stores in Huntsville, AL; Atlanta, GA and
Nashville, TN. The company is planning to
open stores in Memphis and Knoxville, TN this month and is planning to open stores in
Atlanta and San Antonio, TX next month. Two
stores are planned to open in Dallas, TX during November.
Summit
Family Restaurants (801-974-4300) recently opened a 325-seat, 9,600 sq.ft. restaurant in
Yuma, AZ.
Hobby
Lobby (405-681-5997) plans to open a 35,000 sq.ft. Mardel's Christian Book Store in
Oklahoma City, OK during spring 1996.
The
Rockport Company (508-485-2090) plans to open a 4,000 sq.ft. store in Newport, RI. The store, called The Rockport Store, will sell
shoes made by The Rockport Company.
Neiman
Marcus (213-930-4512) plans to open a 160,000 sq.ft. store at Ala Moana Center in
Honolulu, HI during late 1997 or early 1998.
Wal*Mart
(501-273-4000) plans to open a store in Madison, WI and is planning to open superstores in
Surfside Beach, Conway and Georgetown, SC. Additionally,
the company is looking to open up to 100 more stores in CA.
Circuit
City (804-527-4000) plans to open a 45,457 sq.ft. store at Crosspointe Plaza in
Greenville, SC next month.
Childrobics,
Inc. (516-694-0999), in a joint venture with Whitey Ford's Grand Slam, plans to open Fun
Station U.S.A. in Staten Island, NY. The
35,000 sq.ft. facility will feature an animated stage show, soft play structures, video
games, rides, batting cages, bowlingo, basketball and Lazer Tag.
The
Bon Marche, a division of Federated Department Stores (513-579-7000) plans to build a
120,000 sq.ft. store at Spokane Valley Mall in Spokane, WA.
The store is expected to open during August 1997.
Kauffman's,
a division of The May Department Stores Company (314-342-6300) plans to open a 139,000
sq.ft. store at Viewpoint Mall in Scranton, PA this month.
The company is also planning to open stores in Altoona, Wilkes-Barre, Williamsport,
PA and Elmira and Utica, NY. The chain
currently operates 40 units in PA, OH, NY and WV.
Target
(612-370-6073) recently opened 97,000 sq.ft. stores at River Valley Plaza in Lancaster, OH
and at Target Plaza in Newark, OH.
Home
Depot (404-433-8211) recently opened a new concept store called Home Depot CrossRoads in
Quincy, IL. The 217,000 sq.ft. store carries
building and home improvement supplies, as well as a selection of products for farmers and
ranchers. Two more CrossRoads stores are
expected to be opened in Waterloo, IA and Columbia, MO.
Buehler
Foods, Inc. (812-482-1366) plans to open a Buehler's Buy Low supermarket in Evansville, IN
this year. The company currently operates 29
units in KY, IL and IN.
Quizno's
Corp. (303-368-9424) recently opened a Quizno's Classic Subs unit in Indianapolis, IN.
Egghead
(206-391-5820) recently opened a 6,600 sq.ft. store in Beaverton, OR, which is
approximately 4,000 sq.ft. larger than its traditional stores. The company plans to open expanded store concepts
in Issaquah and Spokane, WA as well as Boise, ID as part of its plan to open 20 expanded
stores this year.
Lease
Signings
Metro
Commercial Real Estate, Inc. (609-866-1900) leased 10,000 sq.ft. to Party City, Inc. at
McArthur Town Center in Whitehall, PA.
Mid-America
Asset Management Co. (708-954-7300) leased 5,594 sq.ft. to Strictly Golf, Inc. at Palatine
Plaza Shopping Center in Palatine, IL; and 4,000 sq.ft. to America's Best Contacts &
Eyeglasses at Woodfield Plaza Shopping Center in Schaumburg, IL.
Neal
Realty & Investments, Inc. (305-568-0530) leased 2,080 sq.ft. to Excel
Telecommunications in Davie, FL; 1,468 sq.ft. to H&L Rosen Associates, Inc. at Midway
Plaza in Tamarac, FL; 1,920 sq.ft. to Southside Fitness and 1,920 sq.ft. to Hollywood Coin
Laundry at Mayo Plaza in Hollywood, FL; 2,000 sq.ft. to Photomasters of South Florida at
P.M.P. Plaza in Tamarac, FL; 1,150 sq.ft. to Detailing U.S.A. at the Pagliara Building in
Oakland Park, FL; 1,200 sq.ft. to Dry Cleaning Depot in Lauderdale Lakes, FL; 1,650 sq.ft.
to Alter Ego Beauty Salon in Lauderdale Lakes, FL; and 1,000 sq.ft. to Premo's Subs in
Ramblewood Square in Coral Springs, FL.
KLNB,
Inc. (410-321-0100) leased 1,800 sq.ft. to Heavenly Ham at Forty West Plaza Shopping
Center in Catonsville, MD and 1,250 sq.ft. to Mail Boxes, Etc. at Admiral's Court Shopping
Center in Annapolis, MD.
Gold
& Company, Inc./New America Network (412-471-4455) leased 450 sq.ft. to Rodeo
Collection, Ltd. at Westin William Penn Hotel in Pittsburgh, PA; 2,154 sq.ft. to N.W.
Rehabilitation at Thorn Run Crossing Shopping Center in Corapolis, PA and 4,825 sq.ft. to
Building Blocks Early Learning Center, Inc. at South Baldwin Plaza in Baldwin Borough, PA.
Jeffrey
Realty, Inc. (908-668-9600) leased 20,000 sq.ft. to King's Supermarket in Warren, NJ;
10,000 sq.ft. to Health Cents in Springfield, NJ; 8,000 sq.ft. to The Gap's Old Navy
Clothing and 1,500 sq.ft. to Sally Beauty Supply in Old Bridge, NJ; 3,000 sq.ft. to
Mattress Discounters in Middletown, NJ; 1,500 sq.ft. to Boston Chicken in North Arlington,
NJ; 8,800 sq.ft. to CVS in Middlesex, NJ; 3,000 sq.ft. to Casual Male in Lodi, NJ; 20,000
sq.ft. to Cost Cutter in Elizabeth, NJ and 3,000 sq.ft. to Easy Video in South Plainfield,
NJ.
Buyers
& Sellers of Commercial Real Estate
CB
Commercial Real Estate Group represented Aetna Life Insurance Co. in the sale of Indian
Springs Mall, a 716,000 sq.ft. project anchored by Montgomery Ward and Dillard's, in
Kansas City, KS. The mall was purchased by
Nu-Ville Development and Management, Inc.
For more information, contact George Good at
(312-861-7819).
Capital
Realty Advisors is in the market to purchase shopping centers having GLAs of at least
100,000 sq.ft. in TX and FL.
For more information, contact Donna McDonald at
(407-744-1088), Fax 744-9374).
ERA
Anderson & Kime has the listing to sell a 10-unit, 18,700 sq.ft. project in
North-Central PA. The asking price is
$850,000.
For details, contact ERA Anderson & Kime at
(1-800-598-4019).
H.
Stephen Kirschner, Inc. has the listing to sell a 300,000 sq.ft. shopping center in the
Southeast. The project is anchored by Kmart
and Kroger. The asking price is based on a
9.5% cap. The company has the listing to sell
a 275,000 sq.ft. shopping center in Upstate NY. The
project is anchored by Wal*Mart and a supermarket. The
asking price is based on an 8.75% cap. The
company is in the market to acquire portfolios or single acquisitions of community
shopping centers having GLAs of at least 125,000 sq.ft. nationwide. Properties priced at a 10% cap for "A"
grade; a 10.75% cap for "B" grade; and 13%+ for "C" grade are of
interest. The company is also in the market
to purchase value added shopping centers and malls nationwide. Properties of interest are at least 350,000 sq.ft.
and are located in markets having a population of at least 100,000 in the trade area. The projected return sought is 14% in five years.
For more information, contact H. Stephen Kirschner
at (516-462-2200).
Exclusives:
Leasing & Management Assignments
Realco
Group, Inc. (516-294-7070) has been appointed exclusive leasing and managing agent for
Carmans Road Plaza in Massapequa, NY. The
project has up to 20,000 sq.ft. available for lease.
Neal
Realty & Investments, Inc. (305-568-0530) has been named the exclusive marketing
company for the 220,000 sq.ft. Midway Plaza in Tamarac, FL and the 27,000 sq.ft. Walgreen
Plaza in Wilton Manors, FL. In addition, the
company was appointed the exclusive tenant representatives for The Gourmet Cup and
Neighborhood Bar & Grill. The Gourmet Cup
is seeking 1,200 sq.ft. locations in Broward and Palm Beach counties, FL and Neighborhood
Bar & Grill is seeking spaces of 1,200 sq.ft. to 1,800 sq.ft. in Broward and Palm
Beach counties, FL.
Metro
Commercial Real Estate, Inc. (609-866-1900) has been named the exclusive leasing agent for
the 32,000 sq.ft. South Street Plaza in Philadelphia, PA.
Divaris
Real Estate. Inc. (804-497-2113) has been named the exclusive leasing and managing agent
for Westgate Plaza in Richmond, VA; Birdneck Shopping Center in Virginia Beach, VA;
Kecouhtan Shopping Center in Newport News, VA; Princess Anne Plaza West Shopping Center in
Virginia Beach, VA; and Victory Center in Kiln Creek in Newport News, VA.
Lead
Sheet
Fogal
Legwear of Switzerland, Inc.
dba
Fogal
Lisa
Kapp
515
Madison Avenue/ Suite 2316
New
York, NY 10022
212-826-0558,
Fax 888-4787
Accessories
The
90-unit chain operates locations worldwide. The
stores, selling socks, pantyhose, stockings and small accessories, occupy spaces of 300
sq.ft. to 600 sq.ft. in specialty centers. Growth
opportunities are sought in MA and TX.
Christian
Supply Center
Keith
Petzold
10209
S.E. Division
Portland,
OR 97266
503-251-1590,
Fax 255-7690
Books
The
13-unit chain operates locations in OR and WA. The
stores, selling religious books, occupy spaces of 792 sq.ft. to 10,000 sq.ft. in
freestanding facilities, regional malls and strip centers.
Plans call for up to four openings in the coming 18 months. Expansion will take place in WA.
Cary
R&D Enterprises
dba
Lynn's Hallmark Shop, Daphne's
Gary
Ashworth
105 W.
Chatham Street
Cary,
NC 27511
919-467-2355,
Fax 467-6420
Cards
& Gifts
The
14-unit chain operates locations in NC and VA. The
stores occupy spaces of 3,500 sq.ft. in regional malls and strip centers. Growth opportunities are sought in NC.
The
Electronics Boutique, Inc.
dba
Electronics Boutique
J.J.
Firestone
1345
Enterprise Drive
West
Chester, PA 19380
610-430-8100,
Fax 430-6574
Computers
The
500-unit chain operates locations nationwide. The
stores, selling computer software and accessories, video hardware and software and CD-ROM
accessories, occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in regional malls. Plans call for 20 openings in the coming 18
months. Expansion will take place nationwide.
The
Caldor Corporation
dba
Caldor
Alan
Kuller
20
Glover Avenue
Norwalk,
CT 06856-5620
203-846-1641,
Fax 849-2231
Discount
The
164-unit chain operates locations in NH, MA, RI, CT, PA, NY, NJ and MD. The stores, selling general merchandise at
discount price points, occupy spaces of 112,000 sq.ft. in regional malls, power and strip
centers. Plans call for up to 25 openings in
the coming 18 months. Expansion will take
place in the existing markets.
Edgehill
Drugs, Inc.
dba
Edgehill Pharmacies
Blake
Thompson
4
Baltimore Avenue
Georgetown,
DE 19947
302-856-2400,
Fax 856-1960
Drug
Store
The
22-unit chain operates locations in DE and MD. The
pharmacies occupy spaces of 6,300 sq.ft. in strip centers.
Preferred anchors include supermarkets. Plans
call for three openings in the coming 18 months. Expansion
will take place in the existing markets.
Fluf
N' Stuff, Inc.
dba
Russ
Michael
Stewart
35
Evansburg Road
Collegeville,
PA 19246
610-489-7401,
Fax 489-4966
Gifts
The
25-unit chain operates locations in NJ, NY, PA, VA, MI, FL, CO, OH and MD. The stores, selling stuffed animals and gifts,
occupy spaces of 2,000 sq.ft. in outlet centers. Plans
call for 15 openings in the coming 18 months. Expansion
will take place in the existing markets.
Pilgrim
Silks
dba
J.T. Webb
John
Higgins
PO Box
191
Birch
Run, MI 48415
517-624-5858,
Fax 624-4311
Gifts
The
company operates one location in MI. The
company, selling teddy bears and collective figurines, is looking for spaces between 1,800
sq.ft. and 2,500 sq.ft. in outlet centers. Plans
call for six openings in the coming 12 months. Expansion
will take place from MI south to TN and east to the Atlantic Ocean.
Debbie
Enterprises Ltd.
dba
Your Hair Connection
Debbie
Ralph
2314
Bumblebee Hollow
Mechanicsburg,
PA 17055
717-697-6497
Hair
Salon
The
company operates 15 hair salons in PA. The
stores occupy spaces of 800 sq.ft. to 1,200 sq.ft. in regional malls and strip centers. Preferred anchors include Wal*Mart and
supermarkets. Plans call for up to two
openings in the coming 18 months. Expansion
will take place in the existing market. Preferred
demographics include a population of 20,000 within five miles earning $25,000 as the
average income. Leases running five years are
typical. The company also operates two pet
stores in PA, trading as Critter Closet.
Harrison
Paint Corp.
Andy
Evans
1329
Harrison Avenue S.W.
Canton,
OH 44706
216-455-5125,
Fax 454-1750
Home
Center
The
six-unit chain operates locations in OH. The
stores, selling paint and accessories, occupy spaces of 4,000 sq.ft. in freestanding
facilities and strip centers. Plans call for
up to two openings in the coming 18 months. Expansion
will take place in the existing market.
Finnaren
& Haley
Daniel
Haley
901
Washington Street
Conshohocken,
PA 19428
610-825-1900,
Ext. 163, Fax 825-1184
Home
Improvement
The
22-unit chain operates locations in DE, NJ and PA. The
stores occupy spaces of 3,000 sq.ft. in freestanding facilities and strip centers. Plans call for three openings in the coming 18
months. Expansion will take place in the
existing markets.
Kwal-Howells,
Inc.
dba
Kwal-Howells Paint & Wallcovering
Ralph
Reeves
3900
Joliet Street
Denver,
CO 80239
303-371-5600,
Fax 373-5688
Home
Improvement
The
30-unit chain operates locations in UT, CO, ID and NM.
The stores, selling paints, wallcoverings and sundries, occupy spaces of 4,000
sq.ft. in freestanding facilities and strip centers.
Preferred anchors include Kmart. Plans
call for up to six openings in the coming 18 months.
Expansion will take place in the Rocky Mountain states. Preferred demographics include a population of
75,000 within five miles earning $35,000 as the average income. Leases running five years with a five-year option
are typical.
Mikasa,
Inc.
dba
Mikasa Factory Store
Stuart
Oseroff/ Tony Santarelli
1
Mikasa Drive
Secaucus,
NJ 07096
201-867-9210,
Fax 867-0580
Housewares
The
100-unit chain operates locations nationwide. The
stores, selling Mikasa dinnerware and accessories, occupy spaces of 7,500 sq.ft. to 12,000
sq.ft. in outlet centers. Growth
opportunities are sought nationwide.
Royal
Doulton Shoppe
Joe
Aronstein
700
Cottontail Lane
Somerset,
NJ 08873
908-356-7880,
Fax 356-2403
Housewares
The
40-unit chain operates locations nationwide. The
stores, selling Royal Doulton dinnerware and accessories, occupy spaces of 3,000 sq.ft. in
outlet centers. Growth opportunities are
sought nationwide. Leases running three to
five years are typical.
Christian
Bernard Stores Corp.
dba
Christian Bernard
George
Glass
200
Meadowlands Parkway
Secaucus,
NJ 07094
201-330-1007,
Fax 330-0661
Jewelry
The
18-unit chain operates locations in CA, FL, IL, NJ, PA, VA and Washington, D.C. The stores occupy spaces of 800 sq.ft. to 1,200
sq.ft. in regional malls. Plans call for five
openings in the coming 18 months. Expansion
will take place in the Northeast.
Cellar
Wine & Spirits
Brad
Weiss
859
Village Centre Drive
North
Oaks, MN 55127
612-483-1767,
Fax 483-0004
Liquor
Store
The
four-unit chain operates locations in MN. The
stores occupy spaces of 7,000 sq.ft. to 10,000 sq.ft. in regional malls and strip centers. Growth opportunities are sought in the existing
market.
Cash
America International, Inc.
dba
Cash America
Tommy
Burt
1600
W. 7th Street
Fort
Worth, TX 76102
817-335-1100,
Fax 390-9338
Specialty
The
321-unit chain operates locations nationwide. The
pawn shops occupy spaces of 5,000 sq.ft. to 10,000 sq.ft. in freestanding facilities. Growth opportunities are sought nationwide.
Mergers
& Acquisitions
Blockbuster
Entertainment (305-832-3000) recently acquired NDI Video Corp., which franchises 23
Blockbuster Video stores in the Rochester, NY and Baltimore, MD markets.
Lone
Star Steakhouse & Saloon, Inc. (316-264-8899) plans to acquire Creative Culinary
Concepts, Inc. for approximately $25 million. Creative
Culinary Concepts owns 11 Lone Star restaurants, a Pancho & Lefty's Mexican
restaurant, a Frankie's Italian Grille and a Wicked Burrito Mexican restaurant. Lone Star does not plan to develop the three
other concepts. The company currently
operates 118 restaurants.
Hannaford
Brothers Co. (207-885-2983) plans to purchase eight supermarkets from Farm Fresh, Inc. for
$25 million. The purchase includes seven
stores operating as The Grocery Store and one under construction. The supermarkets are located in Richmond and
Charlottesville, VA. Hannaford Brothers plans
to continue to operate the stores under their present name as they gradually introduce
their format to the stores. Once the new
format is in place the stores will be renamed Hannaford Food and Drug Superstores.
Concord
Drugs (810-332-4090) recently purchased the five unit chain of Econoway Drugs. Concord Drugs now operates 17 drug stores in MI.
Dillard
Department Stores (501-376-5200) plans to purchase Gonzalez Padin, a seven-unit department
store chain in Puerto Rico. Dillard's also
plans to build a 250,000 sq.ft. store at Plaza Las Americas Mall in San Juan, PR.
Retailers
Keeping Up with The Times
Today's
Man (609-235-5656) and J. Baker, Inc. (617-828-9300) recently entered into an agreement
allowing J. Baker to operate shoe departments inside of Today's Man stores. The shoe departments are expected to debut in
Today's Man Chicago stores next month and be located in all of Today's Man stores within
two years.
Toys
'R Us (201-599-7850) plans to re-merchandise all of its toy stores with family-oriented
computer software from NewMedia Express. The
company plans to supply Toys 'R Us with a selection of 150 titles.
Harris
Teeter (704-845-3100), in a partnership with Shopping Alternatives, Inc., has begun
offering customers the option of shopping from home in Charleston, SC. Customers can fax orders from a catalog to Harris
Teeter supermarkets during the day, Monday through Friday, and the items will be delivered
that evening.
Adray's
(818-908-1560) plans to scale back the number of software titles its stores carry from
2,000 titles to around 40 of the top selling titles in an effort to increase profits. The company is also planning to reduce the number
of computers it carries to the newest models. The
company operates 10 stores in CA.
Wal*Mart
(501-273-4000) recently launched a site on the World Wide Web for its discount stores and
Sam's Club divisions. The Web pages list a
store directory, stock history and the past five days' prices, the current circular in
use, membership information, merchandise information, a demographic survey and a
membership feedback survey. The address for
the company's World Wide Web Page is: http//:WWW.Wal-Mart.Com.
Borders,
Inc. (313-995-9702) plans to install listening stations in its stores by October which
will allow customers to listen to approximately 1,000 different titles per store. Each store is expected to have 200 headsets.
Correction
In the
July 14, 19954 edition of The Dealmakers the contact person for Victory Supermarkets was
incorrectly reported. The correct contact
person is: Mark A. Shair, Exclusive Agent, M&J Associates, Inc., 450 Washington
Street, Dedham, MA 02026; 617-326-7370, Fax 326-2827.