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The
Dealmakers Issue Number 34 for the week of September 29, 1995. Home
Improvement Tenants Looking for New Sites HomeBase
operates 79 locations in AZ, CA, CO, ID, TX, NV, NM, OH, OR, UT and WA. The home improvement stores occupy spaces of
104,000 sq.ft. in freestanding facilities and strip centers. Plans call for as many as five openings in the
coming 18 months. Expansion will take place
within the existing markets. For more information, contact David Wiegel,
HomeBase, 3345 Michelson Drive, Irvine, CA 92715; 714-442-5000, Fax 442-5119. Home
Depot, Inc. trades as Home Depot at 289 locations in FL, GA, AL, LA, SC, TN, TX, NJ, NY,
CT, MA, MD, RI, NH, AZ, CA, NV, WA, OK, VA, PA, OR and MI as well as in Alberta, British
Columbia and Ontario, Canada. The home
improvement stores occupy spaces of 80,000 sq.ft. to 120,000 sq.ft. in freestanding
facilities. Plans call for 100 openings in
the coming 18 months. Expansion will take
place nationwide. For more information, contact Bryan Fields, Home
Depot, Inc., 2727 Paces Ferry Road, Atlanta, GA 30339; 404-433-8211, Fax 431-2917. Lumber
Investors, Inc. trades as Lumber Investors at four locations in LA. The home improvement stores occupy spaces of
10,000 sq.ft. in freestanding facilities. Plans
call for one opening in the coming 18 months. Expansion
will take place in the existing market. For more information, contact Jim Smilie, Lumber
Investors, Inc., 3401 Eddie Williams Avenue, Alexandria, LA 71307; 318-448-0590, Fax
448-9665. Eagle
Hardware & Garden, Inc. trades as Eagle Hardware & Garden at 22 locations in WA,
AK, HI, OR, UT and MT. The home improvement
stores occupy spaces of 120,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought nationwide. For more information, contact David Heerensperger,
Eagle Hardware & Garden, Inc., 981 Powell Avenue SW, Renton, WA 98055; 206-227-5740,
Fax 204-5169. Carhart
Lumber Co., Inc. trades as Carhart Lumber Co. at 11 locations in NE. The home improvement stores occupy spaces of 8,000
sq.ft. in freestanding facilities and require an outdoor storage area of 20,000 sq.ft. Plans call for one opening in the coming 18
months. Expansion will take place in the
existing market. The company prefers to buy
and build its own locations. For more information, contact Robert A. Carhart,
Carhart Lumber Co., Inc., 105 Main Street, Wayne, NE 68787; 402-375-2110, Fax 375-2116. Serv-U
Stores, Inc. does business as Serv-U at nine locations in CT and MA. The stores, selling hardware, wallpaper and
automotive supplies, occupy spaces of 5,000 sq.ft. to 40,000 sq.ft. in freestanding
facilities. Plans call for one opening in the
coming 18 months. Expansion will take place
in CT. The 41-year-old company prefers to own
its locations. For more information, contact Steve Rosenkrantz,
Serv-U Stores, Inc., 65 St. James Boulevard, Springfield, MA 01104; 413-732-4300, Fax
746-1382. Food
Tenants Looking for Sites Nationwide Japanese
Restaurants Limited trades as Made in Japan and A Teriyaki Experience at 41 locations in
Canada. The Japanese fast food restaurants
occupy spaces of 350 sq.ft. in food courts of regional malls. Plans call for 15 openings in the coming 18
months. Expansion will take place worldwide. Mrs. Spinelli's operates 86 locations throughout
Canada. The fast food restaurants occupy
spaces of 350 sq.ft. in food courts of regional malls.
Plans call for 15 openings in the coming 18 months.
Expansion will take place worldwide. For more information on the above two companies,
contact Nick Jurkovic, c/o The Donato Group, 2133 Royal Windsor Drive #23, Mississauga,
Ontario, Canada L5J 1K5; 905-823-8883, Fax 823-5255. Venture
Development Corp. trades as Nature's Table at 11 locations in FL. The restaurants, serving fresh and natural salads,
sandwiches, soups as well as high protein shakes and blended juice drinks, occupy spaces
of 500 sq.ft. to 600 sq.ft. in regional malls. Preferred
anchors include Nordstrom's. Plans call for
as many as 20 openings in the coming 18 months. Expansion
will take place nationwide. Preferred
demographics include a population of 250,000 within 10 miles earning $45,000 as the
average income. Leases running 10 years are
typical. The company is franchising. For more information, contact Dee Childers,
Venture Development Corp., 233 West 47th Street, Kansas City, MO 64112; 816-531-8898, Fax
531-8818. Pepe's,
Inc. trades as Pepe's Mexican Restaurant at 55 locations in IL and IN. The Mexican restaurants occupy spaces of 3,000
sq.ft. in freestanding facilities and strip centers.
Growth opportunities are sought nationwide. For more information, contact William Thil,
Pepe's, Inc., 1325 West 15th Street, Chicago, IL 60608; 312-733-2500, Fax 733-2564. The
Old Spaghetti Warehouse operates 49 locations nationwide.
The family restaurants occupy spaces of 10,000 sq.ft. in freestanding facilities. Growth opportunities are sought nationwide. For more information, contact Eileen Pierson, The
Old Spaghetti Warehouse, 402 West I 30, Garland, TX 75043; 214-226-6000, Fax 203-9589. Seed
Restaurant Group, Inc. does business as Fazoli's at 130 locations in KY, OH, MS, NC, TN,
VA, FL, WI, CO, IA, SC, WV, IL, MI, IN and MO. The
Italian fast food restaurants occupy spaces of 3,500 sq.ft. in freestanding facilities,
power and strip centers. Plans call for 100
openings in the coming 18 months. Expansion
will take place in the existing markets as well as NY, PA, MN, NE, OK, AL, GA and AR. For more information, contact Tom Lally, Seed
Restaurant Group, Inc., 2470 Palumbo Drive, Lexington, KY 40509; 606-268-1668. Restaurant
Developers Corp. trades as Mr. Hero at 110 locations in NJ, OH and VA. The fast food restaurants, specializing in hot
submarine sandwiches and Philadelphia-style cheesesteak sandwiches, occupy spaces of 1,500
sq.ft. to 2,400 sq.ft. in freestanding facilities, regional malls and strip centers. Plans call for 15 openings in the coming 18
months. Expansion will take place in MD, MI,
OH, PA and VA. For more information, contact Bill Plautz,
Restaurant Developers Corp., 5755 Granger Road/ Second Floor, Independence, OH 44131;
216-398-1101, Fax 398-0707. Pacific
Foods, Inc. trades as Kenny Rogers Roasters at three locations in CA. The restaurants, specializing in chicken, occupy
spaces of at least 3,500 sq.ft. in freestanding facilities.
Preferred anchors include Wal*Mart, T.J. Maxx, Kmart, Lord & Taylor and
supermarkets. Plans call for 10 openings in
the coming 18 months. Expansion will take
place in Northern and Central CA. Preferred
demographics include a population of 70,000 within two miles earning $30,000 as the
average income. Leases running 15 years are
typical. For more information, contact Robert Novit,
Pacific Foods, Inc., 4700 Roseville Road/ Suite 104, North Highlands, CA 95660;
916-338-7750, Fax 338-1932. Rubio's
Restaurants, Inc. trades as Rubio's Fish Tacos at 22 locations in CA. The Mexican restaurants occupy spaces of 2,500
sq.ft. in power centers. Preferred anchors
include movie theaters. Plans call for 15
openings in the coming 18 months. Expansion
will take place in the existing market. Preferred
demographics include a population of 80,000, and a daytime population of 75,000, within
three miles earning $50,000 as the average income. For more information, contact Richard Rubio,
Rubio's Restaurants, Inc., 5151 Shorham Place/ Suite 260, San Diego, CA 92122;
619-452-1720, Fax 452-0181. Taco
Maker, Inc. trades as The Taco Maker at 89 locations nationwide. The Mexican fast food restaurants occupy spaces of
1,200 sq.ft. in freestanding facilities and regional malls.
Plans call for 15 openings in the coming 18 months.
Expansion will take place in UT, GA, CA, NY, PA, CT, RI and ID. For more information, contact John Miller, Taco
Maker, Inc., 3544 Lincoln Avenue/ Suite C, Ogden, UT 84401; 801-621-7486, Fax 621-0139. Taco
John's International, Inc. does business as Taco John's at 420 locations in 30 states. The Mexican fast food restaurants occupy spaces of
700 sq.ft. to 2,500 sq.ft. in downtown store fronts, freestanding facilities, regional
malls and strip centers. Plans call for up to
40 openings annually. Expansion will take
place in the Midwestern and inner-mountain states. For more information, contact Mike Gent, Taco
John's International, Inc., 808 West 20th Street, Cheyenne, WY 82001; 800-854-0819, Fax
307-638-0603. Ruth's
Chris Steak House, Inc. trades as Ruth's Chris Steak House at 45 locations nationwide. The restaurants occupy spaces of 6,500 sq.ft. to
8,000 sq.ft. in freestanding facilities. Growth
opportunities are sought nationwide. For more information, contact Nick Bonura, Ruth's
Chris Steak House, Inc., 3321 Hessmer Avenue, Metairie, LA 70002; 504-454-9031, Fax
454-9060. Treats
International, Inc. operates 174 locations in AZ, CT, DE, FL, IL, MI, NJ, NY, Washington,
D.C. and Canada. The restaurants, serving
baked goods, coffee and sandwiches, occupy spaces of 200 sq.ft. to 1,200 sq.ft. in
downtown store fronts, regional malls, outlet, power and specialty centers. Preferred anchors include Wal*Mart, T.J. Maxx,
Kmart, Lord & Taylor and supermarkets. Plans
call for 30 openings in the coming 18 months. Expansion
will take place in the Midwestern, New England and East Coast regions. Leases running at least 10 years are typical. The company is franchising. For more information, contact John A. Deknatel,
Treats International, Inc., 327 South Park Avenue, Winter Park, FL 32789; 407-645-5252,
Fax 644-6165. Automotive
Retailers Looking To Expand Western
Tire Centers trades as Ultra Performance at 15 locations in AZ and NM. The automotive supply and service centers occupy
spaces of 6,000 sq.ft. in freestanding facilities. Plans
call for two openings in the coming 18 months. Expansion
will take place in Phoenix, AZ and Las Vegas, NV. For more information, contact Jack Furrier,
Western Tire Centers, 3545 South Richey Boulevard, Tuscon, AZ 85713; 602-748-1700, Fax
790-1136. Spot
Not Car Washes operates 27 locations in AZ, IL, IN, MO and WI. The car washes occupy freestanding facilities on a
land area of 4,500 sq.ft. Plans call for as
many as four openings in the coming 18 months. Expansion
will take place in AZ and IL. For more information, contact Forrest Uppendahl,
Spot Not Car Washes, 2011 West Fourth Street, Joplin, MO 64801; 417-781-2140, Fax
781-3906. Peerless
Tyre Co. operates 47 locations in CO, NE, SD, TX, NM and WY. The tire stores occupy spaces of 2,500 sq.ft. to
3,500 sq.ft. in freestanding facilities. Plans
call for three openings in the coming 18 months. Expansion
will take place in CO and NM. Preferred
demographics include a population of 25,000 within two miles earning $25,000 as the
average income. The 46-year-old company
prefers to own its sites. For more information, contact Sam Forbes, Peerless
Tyre Co., 4705 Paris Street, Denver, CO 80239; 303-371-4300, Fax 371-4749. Oil
Changers operates 42 locations in CA. The
automotive service centers occupy spaces of 10,000 sq.ft. to 20,000 sq.ft. in freestanding
facilities. Preferred anchors include
supermarkets. Plans call for 12 openings in
the coming 18 months. Expansion will take
place in the existing market. Preferred
demographics include a population of 30,000 within three miles earning at least $25,000 as
the average income. Leases running 20 years
are typical. For more information, contact Seth Bland, Oil
Changers, 4511 Willow Road/ Suite 1, Pleasanton, CA 94566; 510-734-5800, Fax 734-5858. Michael
Tire Co. trades as Michael Tire at 44 locations in FL, IN, KY, OH and TN. The automotive service centers occupy spaces of
5,000 sq.ft. to 10,000 sq.ft. in freestanding facilities and regional malls. Preferred anchors include Wal*Mart, Kmart and
supermarkets. Plans call for 10 openings in
the coming 18 months. Expansion will take
place in the existing markets. Leases running
15 years are typical. For more information, contact Michael Geiger,
Michael Tire Co., 1217 Ellis Street, Cincinnati, OH 45223-1810; 513-681-9000. Dart
Group Corp. trades as Super Trak Auto at 335 locations in CA, IL, MD, VA, WI and
Washington, D.C. The automotive supply stores
occupy spaces of 12,000 sq.ft. to 20,000 sq.ft. in freestanding facilities and specialty
centers. Preferred anchors include Wal*Mart,
Kmart and supermarkets. Plans call for 20
openings in the coming 18 months. Expansion
will take place in the existing markets. Preferred
demographics include a population of 90,000 within three miles earning $28,000 as the
average income. Leases running five to seven
years are typical. For more information on the Eastern sites, contact
Denny Weiss, Dart Group Corp., 3300 75th Avenue, Landover, MD 20785; 301-731-1533, Fax
731-1311. For more information on the Western
sites, contact Hugh Foster, Dart Group Corp., 5500 East Francis Street, Ontario, CA
91761-3605; 909-467-3400, Fax 467-3436. Northern
Auto Supply Co. does business as Carquest Auto Parts at 34 locations in WI. The retail and wholesale automotive parts stores
occupy spaces of 6,000 sq.ft. in freestanding facilities.
Plans call for two openings in the coming 18 months.
Expansion will take place in the existing market. For more information, contact Don Komis, Northern
Auto Supply Co., 1906 North Peach Avenue Box 400, Marshfield, WI 54449; 715-384-2124, Fax
384-3597. Midas
Realty Corp. trades as Midas International at 2,700 locations worldwide. The automotive service centers occupy spaces of
4,000 sq.ft. in freestanding facilities and strip centers.
Plans call for 150 openings in the coming 18 months.
Expansion will take place worldwide. For more information, contact Richard Nassa, Midas
Realty Corp., 61 Robert Paine Drive, Taunton, MA 02780; 508-824-1600, Fax 824-1625. The
Bailey Group trades as Hand Car Wash at 11 locations in CA.
The concept features an automated hand car wash, auto detailing, gasoline services,
a convenience store and lube services while using spaces of 30,000 sq.ft. to 45,000 sq.ft.
in freestanding facilities and power centers. Preferred
anchors include Wal*Mart and supermarkets. Plans
call for six openings in the coming 18 months. Expansion
will take place in CA. Preferred demographics
include a population of 100,000 within five miles earning $45,000 as the average income. The eight-year-old company usually signs a 40-year
ground lease. For more information, contact Bud Hill, The Bailey
Group, 6 Hutton Centre Drive/ Suite 275, Santa Ana, CA 92707; 714-432-0400, Fax 432-8541. Convenience
Stores Looking for New Sites Walker's
trades as Walker Oil and Win Walker at 18 locations in UT.
The convenience stores, which also sell gasoline, occupy spaces of 3,000 sq.ft. to
7,500 sq.ft. in freestanding facilities. Plans
call for three openings in the coming 18 months. Expansion
will take place in the existing market. For more information, contact Ivan Walker,
Walker's, 456 East State Road, Pleasant Grove, UT 84062; 801-785-3571, Fax 785-3579. Wooten
Oil Company trades as Kwik Mart Convenience Stores and Fast Stop at 23 locations in NC. The convenience stores occupy spaces of 800 sq.ft.
to 2,700 sq.ft. in freestanding facilities. Growth
opportunities are sought in the existing market. For more information, contact Ted Neff, Wooten Oil
Company, PO Box 858, Goldsboro, NC 27533; 919-734-1357, Fax 735-4677. Unimarts,
Inc. trades as Unimarts at 430 locations in DE, MD, NY and PA. The convenience stores, some of which sell
gasoline, occupy spaces of 2,400 sq.ft. in neighborhood centers. Plans call for five openings in the coming 18
months. Expansion will take place in MD, PA
and VA. For more information, contact Daniel J. Wallace,
Unimarts, Inc., 477 East Beaver Avenue, State College, PA 16801; 814-234-6000, Fax
234-8595. Best
Oil Company, Inc. trades as Toot-N-Scoot at 18 locations in OH and PA. The convenience stores, which also sell gasoline,
occupy spaces of 1,800 sq.ft. in freestanding facilities on a land area of 10,000 sq.ft. Plans call for three openings in the coming 18
months. Expansion will take place in PA. For more information, contact Edward
Szalankiewicz, Best Oil Company, Inc., 2939 Saw Mill Run Boulevard, Pittsburgh, PA 15227;
412-884-8777, Ext. 14, Fax 884-8486. Kean
Brothers, Inc. operates 13 locations in IL. The
convenience stores, which also sell gasoline, occupy spaces of 2,400 sq.ft. in
freestanding facilities. Plans call for three
openings in the coming 18 months. Expansion
will take place in the metropolitan Chicago, IL market. For more information, contact William Kean, Kean
Brothers, Inc., 3619 West 95th Street, Evergreen Park, IL 60805; 708-857-8585, Fax
857-7429. Horkey
Oil Co., Inc. does business as Friend's C-Stores at 47 locations in TX. The convenience stores occupy spaces of 2,000
sq.ft. to 3,500 sq.ft. in freestanding facilities and strip centers. Plans call for seven openings in the coming 18
months. Expansion will take place in NM, OK
and TX. Preferred demographics include a
population of 8,000 within eight miles earning $18,000 as the average income. For more information, contact Rice Horkey, Horkey
Oil Co., Inc., 406 Erskine, Lubbock, TX 79408; 806-765-6681. Kwik
Shop, Inc. trades as Kwik Shop at 188 locations in IA, IL, KS, NE and OK. The convenience stores occupy spaces of 2,000
sq.ft. to 3,500 sq.ft. in freestanding facilities. Plans
call for six openings in the coming 18 months. Expansion
will take place in KS and NE. Leases running
15 to 20 years are typical. For more information, contact David Cleeves, Kwik
Shop Inc., PO Box 1927, Hutchinson, KS 67504-1927; 316-669-8504, Fax 669-8504. Jopo,
Inc. operates 17 locations in ID and WA. The
convenience stores, which also sell gasoline, occupy spaces of 3,600 sq.ft. in
freestanding facilities. Plans call for as
many as four openings in the coming 18 months. Expansion
will take place in the existing markets. Leases
running 20 years are typical. For more information, contact Ronald Armacost,
Jopo, Inc., North 111 Greene Street, Spokane, WA 99202; 509-535-7701, Fax 535-0766. Schmuckal
Oil Co. trades as Shell Mini-Mart at 21 locations in MI.
The convenience stores occupy spaces of 1,800 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing
market. For more information, contact Paul Schmuckal,
Schmuckal Oil Co., 1516 Barlow, Traverse City, MI 49686; 616-946-2800, Fax 941-7435. Git 'N
Go, Inc. trades as Git 'N Go at 105 locations in MO and OK.
The convenience stores occupy spaces of 3,200 sq.ft. in freestanding facilities. Growth opportunities are sought in the existing
markets. For more information, contact Tom Waddle, Git 'N
Go, Inc., PO Box 21279, Tulsa, OK 74121; 918-250-0200, Fax 254-9727. Evergreen
Oil Co. does business as Stop 'N Save at 29 locations in CO. The convenience stores, which also sell gasoline,
occupy spaces of 3,000 sq.ft. in freestanding facilities and strip centers. Plans call for one opening in the coming 18
months. Expansion will take place in the
existing market. For more information, contact Scott Smith,
Evergreen Oil Co., PO Box 1059, Evergreen, CO 80437-1059; 303-674-7497, Fax 674-7499. J.
Wade Quinn Co., Inc. trades as Jr. Food Stores at 10 locations in AR. The convenience stores occupy spaces of 3,000
sq.ft. in freestanding facilities. Plans call
for as many as two openings in the coming 18 months.
Expansion will take place in the existing market. For more information, contact Wade Quinn, J. Wade
Quinn Co., Inc., 3007 Prosperity Road, Jonesboro, AR 72401; 501-935-9061, Fax 972-6951. Hill
City Oil Co., Inc. trades as Jubiler at 34 locations in LA and MS. The convenience stores, which also have car wash
facilities, occupy spaces of 3,000 sq.ft. in freestanding facilities on a land area of
22,000 sq.ft. Plans call for up to three
openings in the coming 18 months. Expansion
will take place in the existing markets. For more information, contact Benno Ryswick, Hill
City Oil Co., Inc., PO Box 160, Vickburg, MS 39101; 601-636-2523, Fax 634-1102. Convenient
Food Mart, Inc. trades as Convenient Food Mart at 109 locations in OH. The convenience stores occupy spaces of 3,600
sq.ft. in freestanding facilities and strip centers.
Growth opportunities are sought in NY and OH. The
35-year-old company typically signs a lease for 10 years. For more information, contact Tim Beech,
Convenient Food Mart, Inc., 1100 Mentor Avenue, Painesville, OH 44077; 216-354-5500, Fax
639-6500. BP
America operates 7,000 locations in OH, NC, SC, GA, FL, TN, KY, AL, MI, IN and PA. The convenience stores, which also sell gasoline
and operate a car wash, occupy freestanding facilities on a land area of 40,000 sq.ft. Preferred anchors include Wal*Mart, Kmart and
supermarkets. Plans call for 24 openings in
the coming 18 months. Expansion will take
place nationwide. The 100-year-old company
prefers a population of 20,000 within one mile earning $43,000 as the average income. Leases running 15 years with a five-year option
are typical. The company is franchising. For more information, contact Brian Duffy, BP
America, 200 Public Square/ Suite 18J, Cleveland, OH 44114-2375; 216-586-5940, Fax
586-8071. Nutmeg
Pantry, Inc. does business as Nutmeg Pantry at 11 locations in CT and MA. The convenience stores and supermarkets occupy
spaces of 1,500 sq.ft. to 30,000 sq.ft. The
convenience stores use freestanding facilities and the supermarkets locate within strip
centers. Preferred co-tenants include small
retail shops and banks. Plans call for two
openings in the coming 18 months. Expansion
will take place in the existing markets. Leases
running 15 years with three options of five years each are typical. For more information, contact Albert Lussier, Jr.,
Nutmeg Pantry, Inc., 2030 Straits Turnpike, Middlebury, CT 06762; 203-758-2421, Fax
758-9885. Wag-A-Bag,
Inc. trades as Wag-A-Bag at 13 locations in TX. The
convenience stores, which also gasoline, occupy spaces of 2,400 sq.ft. in freestanding
facilities on a land area of 30,000 sq.ft. Growth
opportunities are sought in the Austin, TX area. For more information, contact Virg Rabb,
Wag-A-Bag, Inc., 1015 South Mays/ Suite 101, Round Rock, TX 78664; 512-255-1029, Ext. 13,
Fax 255-1801. Supermarkets
Looking To Expand Nationwide Supervalu,
Inc. oversees 4,600 locations nationwide. The
wholesale grocer/retailer occupies spaces of 10,000 sq.ft. to 200,000 sq.ft. in
freestanding facilities, regional malls and strip centers.
Plans call for 50 openings in the coming 18 months.
Expansion will take place nationwide. For more information, contact Jim Campbell,
Supervalu, Inc., 11840 Valley View Road, Eden Prairie, MN 55344; 612-828-4030, Fax
828-8918. Appletree
Markets operates five locations in TX. The
supermarkets occupy spaces of 30,000 sq.ft. to 50,000 sq.ft. in strip centers. Growth opportunities are sought in the existing
market. For more information, contact R.T. Kubicek,
Appletree Markets, 7676 Hillmont/ Suite 300, Houston, TX 77040; 713-895-5704, Fax
895-5706. The
Vons Companies, Inc. does business as Vons and Pavilions at 350 locations in CA and NV. The supermarkets occupy spaces of 50,000 sq.ft. in
freestanding facilities and strip centers. Growth
opportunities are sought in the existing markets. For more information, contact Donald Howard, The
Vons Companies, Inc., 618 Michellinda Avenue, Arcadia, CA 91007; 818-821-7050, Fax
821-7914. Smiths
Food & Drug Centers operates 145 locations in NV, ID, UT, TX, AZ, CA and WY. The supermarkets occupy spaces of 60,000 sq.ft. in
freestanding facilities, power and strip centers. Plans
call for 14 openings in the coming 18 months. Expansion
will take place in the existing markets. Preferred
demographics include a population of 200,000 within three miles. Leases running 50 years are typical. For more information, contact Larry R. McNeill,
Smiths Food & Drug Centers, 1550 South Redwood Road, Salt Lake City, UT 84104-5186;
801-974-1490, Fax 974-1243. Rainbow
Foods operates 31 locations in MN. The
supermarkets occupy spaces of 60,000 sq.ft. in freestanding facilities and strip centers. Plans call for two openings in the coming 18
months. Expansion will take place in the
existing market. For more information, contact Dennis Crowe,
Rainbow Foods, 1515 Excelsior Avenue East, Hopkins, MN 55343; 612-931-1100, Fax 933-6795. Save
Mart Supermarkets of CA Corp. does business as Save Mart, Smart Foods and Food Max at 90
locations in CA. The supermarkets occupy
spaces of 45,000 sq.ft. in freestanding facilities and strip centers. Plans call for two openings in the coming 18
months. Expansion will take place in the
existing market. For more information, contact Jim Watt, Save Mart
Supermarkets of CA Corp., 1800 Standiford Avenue, Modesto, CA 95350; 209-577-1600, Fax
577-3857. Fairplay
Foods, Inc. trades as Fairplay Finer Foods at eight locations in IL. The supermarkets occupy spaces of 12,000 sq.ft. to
60,000 sq.ft. in freestanding facilities and strip centers.
Plans call for as many as two openings in the coming 18 months. Expansion will take place in the existing market. For more information, contact Mike Kozlowski,
Fairplay Foods, Inc., 4640 South Halsted, Chicago, IL 60609; 312-247-3077, Fax 247-8134. Rosauers
Supermarkets, Inc. trades as Super 1 and Rosauers Food & Drug Center at 16 locations
in WA, ID, MT and OR. The supermarkets occupy
spaces of 50,000 sq.ft. to 60,000 sq.ft. in freestanding facilities. Preferred anchors include fabric stores, junior
department stores and home centers. Plans
call for one opening in the coming 18 months. Expansion
will take place within the existing markets. Leases
running 25 years are typical. The 61-year-old
company looks for build-to-suit deals. For more information, contact Richard Salsbury,
Rosauers Supermarkets, Inc., PO Box 9000, Spokane, WA 99209-9000; 509-326-8900, Fax
328-2483. C.
Corp. does business as County Fair Food Stores at two locations in SD. The supermarkets occupy spaces of 25,000 sq.ft. to
35,000 sq.ft. in freestanding facilities and strip centers.
Plans call for one opening in the coming 18 months.
Expansion will take place in SD, MN, IA or NE. For more information, contact John Clarke, C.
Corp., 1305 West Havens, Mitchell, SD 57301; 605-996-8393, Fax 996-4774. Lease
Signings The
Sansone Group, Inc. (314-822-9009) leased 2,100 sq.ft. to St. Louis Tile & Carpet and
1,400 sq.ft. to Radiant Sun Tanning Emporium at Gravois Village Plaza in High Ridge, MO;
4,661 sq.ft. to Johnnie Brock Dungeon at Barrett Station Shopping Center in St. Louis, MO
and 2,100 sq.ft. to Jenny Craig Weight Loss Center at Plaza at Sunset Hills in Sunset
Hills, MO. Mid-America
Asset Management Co. (708-954-7300) leased 9,312 sq.ft. to Ultra3 at Clark-Wellington
Center in Chicago, IL; 2,324 sq.ft. to Silkcorp, 1,575 sq.ft. to ABC Cleaners and 1,200
sq.ft. to Pak Mail at Village Crossing in Niles, IL; 3,500 sq.ft. to Sizes Unlimited and
2,500 sq.ft. to Sally Beauty Supply at Downers Park Plaza in Downers Grove, IL; 1,615
sq.ft. to Esclusivo!, Inc. and 1,615 sq.ft. of additional space to Liette's Hallmark at
Bannockburn Green Retail Center in Bannockburn, IL; and 914 sq.ft. to Baskin-Robbins at
Brentwood Commons Shopping Center in Bensenville, IL. United
Commercial Realty (214-526-6262) leased 9,600 sq.ft. to Petco in Fort Worth, TX and 19,433
sq.ft. to Petco in Grapevine, TX. Vita
& Vita Realty Corp. (201-227-5233) leased 20,000 sq.ft. to Bilo Supermarket, 3,150
sq.ft. to Kid to Kid and 3,000 sq.ft. to State College Framing/Gallery at Hills Plaza in
State College, PA; 1,933 sq.ft. to Coldwell Banker at Campus Plaza in Vestal, NY; 1,500
sq.ft. to Coast to Coast Video and 1,500 sq.ft. to China King at Lincoln Park Plaza in
Lincoln Park, NJ; 1,200 sq.ft. to Security Finance in Tullahoma, TN; and 25,000 sq.ft. to
MSO Furniture in Fairfield, NJ. KLNB,
Inc. (410-321-0100) leased 2,900 sq.ft. to Mattress Discounters in Owings Mills, MD; 1,664
sq.ft. to Pendleton Woolen Mills at Village of Cross Keys in Baltimore, MD; 1,107 sq.ft.
to San Sushi at Texas Center in Cockeysville, MD and 1,050 sq.ft. to Betty Brite Cleaners
at Silver Spring Shopping Center in Perry Hall, MD. Hicks
& Rotner Associates, Inc. (301-823-4250) leased 3,000 sq.ft. to Relax The Back at
Yorkridge Shopping Center in Lutherville, MD. Flocke
& Avoyer (619-280-2600) leased 1,300 sq.ft. to Starbucks Coffee Company, 1,295 sq.ft.
to One Hour Moto Photo & Portrait Studio and 1,300 sq.ft. to Fresh Blend Smoothie
& Juice Bar at PB Marketplace in Pacific Beach, CA. MJB
Real Estate Services Corp. (203-222-6200) leased 900 sq.ft. to Villagio's Italian Deli at
Nash's Corner in Westport, CT; 1,100 sq.ft. to Lori's Sewing Machines, Etc. at Parke Plaza
in Meriden, CT; and 1,000 sq.ft. to Dominos Pizza at Salem Square in Naugatuck, CT. Reisenfeld
& Company (216-765-8080) leased 6,000 sq.ft. to Movie World at Fairview Park Shopping
Center in Fairview Park, OH. Baita
Property Services, Inc. (904-739-2208) leased 1,300 sq.ft. to Quality Drycleaners and
1,600 sq.ft. to Heartcreek Originals at Lake Walden Square in Plant City, FL; and 5,780
sq.ft. to Crazy Wings Restaurant & Pub at Market Place in Orange City, FL. Mid-Atlantic
Realty Trust (410-684-2000) leased 43,000 sq.ft. to Toys 'R Us at Skyline Village Shopping
Center in Harrisonburg, VA. Block
& Company, Inc. (816-531-1400) leased 6,000 sq.ft. to Pinnacle Rehabilitation of
Missouri, Inc. and 10,000 sq.ft. to Tutor Time Child Care Systems at 23rd Street Shopping
Center in Independence, MO; 1,200 sq.ft. to Five-Fingered Fist Society at Metro Plaza
Shopping Center in Kansas City, MO; 2,750 sq.ft. to The One Dollar Store at Macon Plaza
Shopping Center in Macon, MO; 725 sq.ft. to Tropicuba at Westport Landing Shops in Kansas
City, MO; 3,432 sq.ft. to Romeo's Mexican Food & Pizza, Inc. at Applegate's Landing
Shopping Center in Council Bluff, IA; and 2,958 sq.ft. to Houlihan's Restaurant Group at
Loehmann's Plaza Shopping Center in Overland Park, KS. Bayer
Properties, Inc. (205-939-3111) leased space to Kenny Rogers Roasters in Birmingham, AL
and leased space to Nail 2000 at Country Club Park in Mountain Brook, AL. AmCap
Properties, Inc. (303-321-1500) leased 1,200 sq.ft. to Gwynn's Gifts and Furnishings at
Orchard Plaza in El Jebel, CO. Paragano
Associates (201-376-1010) leased 5,000 sq.ft. to D.E. Jones and 2,400 sq.ft. to Sony
Repair Services at Echo Plaza Shopping Center in Springfield, NJ. CB
Commercial Real Estate Group (708-948-6903) leased a 15,387 sq.ft. space to Old Navy
Clothing Co. at Joilet Commons in Joilet, IL; a 17,500 sq.ft. space to Old Navy at
Westridge Court Shopping Center in Naperville, IL; and a 15,000 sq.ft. freestanding space
in Rockford, IL. The
Goldstein Group (201-703-9700) leased 31,000 sq.ft. to TJ Maxx at Interstate Shopping
Center in Ramsey, NJ; 20,000 sq.ft. to Staples at Ames Shopping Center in Hampton
Township, NJ; 5,600 sq.ft. to Blockbuster Video at Copper Tree Shopping Center in Oakland,
NJ; 2,079 sq.ft. to Jennifer Leather at Colchester Plaza in East Brunswick, NJ; 2,400
sq.ft. to Eye Doctor at Plains Plaza in Pompton Plains, NJ; 1,200 sq.ft. to General
Nutrition Center and 2,000 sq.ft. to Pulmonary Management at Suburban Plaza in Hamilton,
NJ; and 1,114 sq.ft. to Pudgies at New City Shopping Center in New City, NY. Hiffman
Shaffer Associates, Inc. (312-332-3555) leased 13,898 sq.ft. to Rack Clothing Central,
trading as Irv's Menswear; 5,032 sq.ft. to 800 Flowers and 900 sq.ft. to General Nutrition
Center in Chicago, IL. The company also
leased 1,111 sq.ft. to Eddie Z's Express Blinds and 2,200 sq.ft. to Singer Shoes at Crate
& Barrel Center in Chicago. Koll
(312-984-1010) leased 2,703 sq.ft. of space to Heartwise Express at Chemical Plaza in
Chicago, IL; 840 sq.ft. to Pockets at Franklin/Van Buren Self Park Garage; 1,800 sq.ft. to
Linda's Plus Sizes and 978 sq.ft. to Just Natural at Hinsdale Lake Commons in Hinsdale,
IL. Who's
Openings and Where... Blockbuster
Entertainment Group (305-832-3000) recently granted exclusive rights to Grupo Mizbe, S.A.
to develop six Blockbuster Video stores in Panama. The
first store is expected to open early next year. Panama
marks the company's 20th international market. The
company is also planning to open a store in Bakersfield, CA during December. Gander
Mountain, Inc. (414-862-2344) recently opened a 33,032 sq.ft. outdoor sporting goods store
in Pontiac, MI. Pacific
Sunwear (714-701-4063) recently opened stores at Aventura Mall in North Miami Beach, FL;
Colin Creek Mall in Plano, TX; The Parks in Arlington Heights, TX; Southridge Mall in
Greendale, WI; and Castleton Square in Indianapolis, IN.
The company currently operates 174 stores in 28 states. T.J.
Cinnamons (201-422-0910) recently opened a store in Crabtree Valley Mall in Raleigh, NC
through its franchisee Steve Naticchione. The
company also granted a franchise to Michael McGrath who plans to open a unit in Tupelo,
MS. Filene's,
a division of the May Department Stores Co. (314-342-6000), recently opened a store in
Saugus, MA. Volunteer
Capital Corp. (615-269-1900) recently opened a 230-seat J. Alexander's restaurant at
Riverchase Galleria in Birmingham, AL. Hooters
of America, Inc. (404-951-2040) recently opened a company-owned restaurant in Flint, MI. NHD
Stores (617-341-1810) recently opened a 16,000 sq.ft. hardware store in Wakefield, MA. Jay
Jacobs, Inc. (206-622-5400) recently opened four Jay Jacobs men's and women's apparel
stores. The sites include a 5,000 sq.ft. unit
at Charleston Mall in Saint Charles, IL; a 6,575 sq.ft. unit at Sunset Mall in San Angelo,
TX; a 5,977 sq.ft. unit at Mall of Abilene in Abilene, TX; and a 3,900 sq.ft. unit at
Fresno Fashion Fair in Fresno, CA. Virgin
Retail Group (310-724-5967) recently opened a 53,000 sq.ft. Virgin Megastore in San
Francisco, CA. Applebee's
International, Inc. (913-967-4000) recently opened an Applebee's Neighborhood Grill &
Bar in Tewksbury, MA. MobilWorks
(415-939-2202) plans to open as many as 30 stores in the Sacramento and San Francisco
areas before the end of 1996. The company is
also planning to open a unit in San Diego, CA before the end of this year. Pet
Food Warehouse (612-542-0123) recently opened a store in Onalaska, WI and reopened a newly
renovated store in St. Cloud, MN. Home
Depot (404-433-8211) recently opened a 102,000 sq.ft. unit with a 25,000 sq.ft. garden
center in Harrisburg, PA; a 103,000 sq.ft. store with a 28,000 sq.ft. garden center in
Joilet, IL; and a 233,000 sq.ft. CrossRoads unit in Waterloo, IA. 6th
Avenue Electronics (201-467-3905) plans to open a 10,000 sq.ft. store in Livingston, NJ
this month. Rainforest
Cafe, Inc. (612-449-7088) plans to open a 500-seat restaurant at Disney Village
Marketplace in Walt Disney World in Orlando, FL during summer 1996. The site will also include a 5,000 sq.ft. retail
area. Hollywood
Video (503-677-1600) plans to open a 5,670 sq.ft. video store at Camelot Square in
Madison, WI this month. Brendle's
(910-526-5600) plans to open a 66,000 sq.ft. store at Galleria Mall in Rock Hill, SC next
month. The store, which will be the largest
in the 31-unit chain, will be used to test several new merchandising concepts including
Brendle's Party Universe, an 8,000 sq.ft. department offering party goods at deep
discounted prices. The
Pep Boys (215-229-9000) recently opened a 22,000 sq.ft. Pep Boys Supercenter in Humacao,
PR and a Parts USA store in Isabela, PR. The
company is planning to open three additional supercenters in PR before the end of its
fiscal year. Lowe's
(910-651-4223) plans to open a 125,000 sq.ft. home improvement store with a 30,000 sq.ft.
garden center in Fort Wayne, IN during early 1996, and plans to replace its 85,000 sq.ft.
unit in Fredericksburg, VA with a 160,000 sq.ft. store. Eagle
Hardware & Garden (206-431-5740) recently opened stores in Greenwood Village and
Arvada, CO. Calvin
Klein (212-719-2600) recently opened a store in New York City. Sun
Television and Appliances, Inc. (614-846-4200) recently opened a 50,000 sq.ft. store
adjacent to the Eastgate Mall in Cincinnati, OH. Ames
Department Stores (203-257-2659) recently opened stores at Sutton Plaza in Mt. Olive, NJ
and in Dudley, MA. Crown
Books Corp. (301-731-1200) recently opened Super Crown Bookstores in Calumet City and
Mount Prospect, IL and in Lakewood and Simi Valley, CA.
The company is also planning to open a 15,000 sq.ft. store at Southlake Plaza in
Hobart, IN. Kaufmann's,
a division of the May Department Stores Co. (314-342-6300) plans to open two stores at
Wyoming Valley Mall in Wilkes-Barre, PA next month. One
store will be 50,000 sq.ft. and carry home products and men's wear, while the second store
will encompass 97,000 sq.ft. and carry general merchandise. Lazarus,
a division of Federated Department Stores (513-579-7000) plans to open a 250,000 sq.ft.
store in downtown Pittsburgh, PA during late 1998. Lord
& Taylor, also a division of Federated, recently opened a department store at Eastview
Mall in Rochester, NY. Steamers
Seafood Grill (810-524-2008) recently opened a restaurant in Troy, MI. Casey's
General Stores (515-965-6100) plans to open convenience stores in Caney, Chapman,
Lindsborg, Maize and South Hutchinson, KS before the end of the year. The company currently operates 76 stores in KS and
952 units in nine Midwestern states. More
Computers (610-237-1570) plans to open its first store in Morton, PA during November. Rattlesnake
Holding Company (203-975-9455) recently opened a Rattlesnake Southwestern Grill restaurant
in Danbury, CT. The company is also planning
to open a restaurant in Flemington, NJ during November. Retailers
Keeping Up with The Times Blockbuster
Entertainment Group (305-832-3000) recently gave permission to Trient Partners, Inc.,
franchisee of 42 Blockbuster Video stores in OR and WA, to design two prototype stores in
Issaquah and Mill Creek, WA. Customers enter
the store through one set of double doors and are greeted by the big-screen televisions in
the preview theater and leads them to the Director's Circle, an area where information on
movies can be found. Using an illuminated
star-like ceiling and a wooden floor, the new releases are located around the perimeter of
the store. Colorful old movie posters
decorate the walls as well. In addition to
the movies, the store includes a small area for video game playing and an area for
children to preview videos. Three more stores
patterned after these two are planned for Puyallup, Monroe and West Seattle, and the
Blockbuster Entertainment Group plans to utilize several ideas from these stores as they
develop a new prototype store. In more news
from Blockbuster, the company announced that it has launched a World Wide Web site on the
Internet. The site is a graphical version of
Blockbuster Video's News & Previews monthly newsletter which is available at
Blockbuster stores. Included on the WWW will
be video previews and interviews and profiles of movie stars. The address is http://www.pwr.com/Blockbuster/. Garrick-Aug
Associates Store Leasing, Inc. (212-557-9090)
recently announced that its publication The Faith Report can be viewed on the World Wide
Web/Internet. Included on the WWW are
listings with color photographs of the storefronts in the New York area as well as
excerpts from news articles on the retail market that were published in Crain's, The New
York Times, The New York Post, Newsday, The Daily News and Real Estate Weekly. The home page can be viewed at
http://www.nyrealty.com:8/retail/garrick.html and the email address is faith@garrick.com. Home
Depot (404-433-8211) recently debuted a 480-page home repair manual entitled Home
Improvement 1, 2, 3; Expert Advice from The Home Depot.
The book is available at Home Depot and major bookstores. A CD-ROM version of the book, which will include
video clips and animation, will be released in selected markets. Gottschalks,
Inc. (209-434-4744) is planning to open a home page on the World Wide Web. The electronic store is expected to sell gifts and
novelty items and offer a phone number that customers can call to order the merchandise. Funcoland
(612-946-7222), which specializes in the sale of new and used video games, plans to test
renting and selling new videos at four stores in the Minneapolis, MN area this fall. BJ's
Wholesale Club (508-651-6871) recently entered into an agreement with Beneficial National
Bank USA and MasterCard International to begin the warehouse club industry's first
co-branded credit card. The BJ's Mastercard
will give users rebates toward future purchases at BJ's Wholesale Club stores. Hallmark
Cards (816-274-5883) and Micrographics recently introduced Hallmark Connections Card
Studio on CD-ROM. The software will allow
consumers to design their own greeting cards at home using more than 1,000 pre-designed
styles. Users will also be able to
custom-make their own cards, invitations, announcements and certificates. The software retails for $49.99. General
Nutrition Corporation (412-288-4621) recently began offering a co-branded MasterCard. The credit card gives users rebate certificates
good toward any purchase at General Nutrition Center stores. Builders
Square (210-732-1522) recently launched a gift registry program at its stores. Customers can register their "wish list"
of items for any occasion, including weddings, birthdays, anniversaries and other
holidays. Customers can register at the
Customer Service Desk in Builders Square stores where they will be given a packet of
information. Customers then walk through the
store and write down the SKU numbers of the items they want and take the completed form
back to the Customer Service Desk. The
information is then loaded into a computer linked to all 171 Builders Square stores
nationwide. Exclusives:
Leasing & Management Assignments Shelter
Bay Retail Group (415-388-4480) has been named asset manager for Moreno Valley Plaza in
Moreno Valley, CA. The 365,000 sq.ft. project
is anchored by Vons, Thrifty/Payless, Big 5 Sporting Goods, Clothestime, House of Fabrics
and Radio Shack. The
Howard Group (518-452-1881) has been named the exclusive broker for Dick's Clothing and
Sporting Goods in NJ, NY, DE and Eastern PA. Anthony
Realty (908-935-1144) has been appointed exclusive managing and leasing agent for Value
City Plaza in Brick, NJ. The 40,000 sq.ft.
project is anchored by Value City Furniture and Party Fair.
A 3,400 sq.ft. space is available for lease. Colliers
Turley Martin (314-862-7100) has been named as the property manager and leasing agent for
Dierberg's Heritage Plaza in Creve Coeur, MO and Cypress Village Shopping Center in
Bridgeton, MO by MetLife Realty Group. Dierberg's
Heritage Plaza is a 250,000 sq.ft. project anchored by Dierberg's Supermarket, Marshall's
and Office Depot. Cypress Village Shopping
Center is a 150,000 sq.ft. project anchored by Wal*Mart and TJ Maxx. Neal
Realty & Investments, Inc. (305-568-0530) has been named exclusive marketing agent for
the redevelopment of a project in Fort Lauderdale, FL.
The site is currently a motel and lounge, but Neal Realty & Investments is
seeking a big box tenant or restaurant of up to 40,000 sq.ft. The company was also named as exclusive tenant
representatives for Carllvccis Italian & Pizzeria Restaurant, which is looking for
second generation spaces of 1,500 sq.ft. to 2,000 sq.ft. for three Italian pizzerias in
Broward and Palm Beach counties in FL and Successful Sub Restaurant, Inc. trading as
Premo's Sub, which is seeking four or five locations of 1,200 sq.ft. for its expansion
plans. Bayer
Properties, Inc. (205-939-3111) has been named exclusive leasing agent for McFarland Mall
in Tuscaloosa, AL. The 497,735 sq.ft. project
is anchored by Gayfers, Cobb Theaters, Goody's, Heilig-Meyers and Books-A-Million. Charter
Realty and Development Corp. (203-629-3939) has been named the exclusive lease agent for
Goodwives Shopping Center in Darien, CT. The
94,750 sq.ft. project is anchored by Grand Union. Spaces
from 1,729 sq.ft. to 13,000 sq.ft. are available for lease.
The company was also named to redevelop and re-lease Shirley Plaza in Shirley, NY. The project is currently an enclosed mall and will
be converted into a strip center. The site is
anchored by Pathmark which is expanding its store to 58,000 sq.ft. When completed, the project will contain 113,000
sq.ft. and spaces from 1,500 sq.ft. to 20,000 sq.ft. will be available for lease. Coreland/Donner
(714-251-1100) has been named the exclusive managing and leasing agent for an 8,385 sq.ft.
project in Mission Hills, CA; an 11,184 sq.ft. retail and office project in Sunland, CA;
an 11,330 sq.ft. project in Canoga Park, CA and a 13,011 sq.ft. project in Newbury Park,
CA. Divaris
Real Estate, Inc. (804-497-2113) has been named the exclusive leasing agent for Staples
Mill Shopping Center and Parkside Marketplace Shopping Center, both located in the West
End of Richmond, VA. The 74,330 sq.ft.
Staples Mill project is anchored by Food Lion. The
49,423 sq.ft. Parkside Marketplace is anchored by Starbucks Coffee House and Chesapeake
Bagel Bakery. Divaris Real Estate was
appointed the exclusive leasing and managing agents for East Towne Plaza Shopping Center
in Richmond, VA and Dam Neck Crossing Shopping Center in Virginia Beach, VA. The 60,630 sq.ft. East Towne Plaza is anchored by
Food Lion, Rite Aid and Fashion/Cato. The
147,981 sq.ft. Dam Neck Crossing project is anchored by Kmart. Morbitzer
Group, Inc. (407-539-1000) was recently named the management agents for Village
Marketplace in Port Charlotte, FL, a 174,397 sq.ft. project anchored by Wal*Mart, Winn
Dixie and Beall's Outlet and Citrus Center in Inverness, FL, a 211,400 sq.ft. project
anchored by Wal*Mart and Winn Dixie. Lincoln
Property Company (407-872-3500) has been named the managing and leasing agent for Commerce
Center in Jacksonville, FL. The 128,425
sq.ft. mixed-use project includes 21,910 sq.ft. of retail space. Space
Place California Pleasant
Hill- A 6,000 sq.ft. space is available for
lease in a 12,000 sq.ft. freestanding building fronting Contra Costa Boulevard. The co-tenant is Ortho Sleep Center. For more information, contact Helen Kamakani of
Strategic Properties, Inc. at (310-594-9789), Fax (594-6560). Massachusetts Boston- The Residences at The Board of Trade Building is
anchored by Durgin Park, Houlihans, Pizzeria Uno and Bertucci's. The project has spaces of 4,000 sq.ft., 11,010
sq.ft., 24,215 sq.ft. and 37,420 sq.ft. available for lease. Located above the retail space are 90 luxury
apartments. For more information, contact Ben Kaplan of
National Commercial Brokers, Inc. at (617-864-8887), Fax (491-8887). Pennsylvania Chester
County- Airport Village is anchored by
Thriftway. The 74,000 sq.ft. project has two
spaces of 1,307 sq.ft. and spaces of 1,400 sq.ft., 2,240 sq.ft. and 2,280 sq.ft. in
addition to a 3,500 sq.ft. pad site available for lease.
Demographics include a five-mile population of 46,333 earning $44,891 as the
average income. For more information, contact Marcia Golden of
Commercial Property Associates at (800-344-0255), Fax (215-563-2449). Williamsport- Giant Plaza is anchored by Giant Supermarket,
Staples, Revco and JoAnn Fabrics. The 135,000
sq.ft. project has spaces of 1,600 sq.ft., 3,000 sq.ft. and 5,000 sq.ft. available for
lease. In addition, up to 25,000 sq.ft. is
available for lease in an expansion area of the project. For more information, contact Howard Dean of DY-CO
Management Corp. at (914-631-3000). Tennessee Chattanooga- Northtowne Center is anchored by Wal*Mart and Winn
Dixie Marketplace. The 258,691 sq.ft. project
has spaces of 1,000 sq.ft., 3,000 sq.ft. and 36,400 sq.ft. available for lease. The site fronts Highway 153 and Northpoint
Boulevard. Demographics include a five-mile
population of 80,744 earning $43,648 as the average income. For more information, contact Helen Scott of Angel
Realty at (615-842-1533), Fax (842-0603). Wisconsin Marshfield- Northway Mall is anchored by JC Penney, Younkers
and Kmart. The 256,287 sq.ft. project has
spaces from 700 sq.ft. to 3,100 sq.ft. available for lease.
The site fronts East Ives Street and State Route 13.
Demographics include a five-mile population of 25,703 earning $39,648 as the
average household income. In Stevens Point- Stevens Point Center is anchored by Kmart. The 109,197 sq.ft. project has a space of 21,868
sq.ft. available for lease. The site fronts
North Division and Maria Drive. Demographics
include a five-mile population of 40,000 earning $36,138 as the average household income. For more information, contact David D. Darling of
Malan Realty Investors, Inc., at (810-644-7110), Fax (644-7880). Village
of Fox Point- River Pointe Village is
anchored by Kohls, Food Emporium and Lands End. The
200,000 sq.ft. project has spaces of 2,307 sq.ft., 3,004 sq.ft. and 5,392 sq.ft. available
for lease. The site fronts Brown Deer and
Port Washington. Demographics include a
five-mile population of 89,167 earning $54,260 as the average income. In Village of Pewaukee- Lakepoint Village is anchored by Menards, Kohls
and Food Emporium. The 420,000 sq.ft.
project, which will open during September 1996, has spaces of 10,000 sq.ft. and 82,000
sq.ft. available for lease. Two outlots are
also available for lease. The site fronts
Capital Drive and Pewaukee Road. Demographics
include a 10-mile population of 274,998 earning $50,669 as the average income. For more information, contact Max Rasansky of The
Polacheck Co. at (414-274-1605), Fax (273-4362). Mergers
& Acquisitions First
National Entertainment Corp. (800-498-8342) recently signed letters of intent to purchase
Video Tyme and Seek First, Inc. Video Tyme
operates four stores in Ventura, CA and Seek First, Inc. operates two Video Plus stores in
Riverside County, CA. Ace
Cash Express, Inc. (214-550-5000) recently signed a letter of intent to purchase Check
Express which operates 26 stores in FL, IN and WA and franchises another 162 units in 26
states that trade as Check Express and Check-X-Change.
Ace operates more than 450 units in 15 states.
The proposed deal is subject to approval by Check Express stockholders. Shoney's,
Inc. (615-391-5201) and TPI Enterprises, Inc. (407-835-8888) recently signed a letter of
intent to merge TPI with a subsidiary of Shoney's. TPI,
which is the largest franchisee of Shoney's, operates 188 Shoney's Restaurants and 69
Captain D's Seafood restaurants. Overall, TPI
operates 257 restaurants in 11 states while Shoney's operates and franchises 1,850
restaurants in 35 states and Canada. As part
of the merger, Shoney's will assume $95 million of TPI's net debt. The deal, which needs approval from stockholders
of both companies, is expected to close by the end of the year. Montgomery
Ward (312-467-2000) recently signed a letter of intent to purchase 7.222 million shares of
Levitz Furniture, Inc. common stock for approximately $65 million. The deal also calls
for Montgomery Ward to receive warrants to purchase an additional 13.6 million
shares of Levitz stock. If Montgomery Ward
exercises all of the warrants they will own approximately 42% of Levitz's common stock. The deal needs approval from Levitz's
stockholders. Montgomery Ward operates 380
specialty stores in 39 states and Levitz operates 134 furniture stores in 26 states. Claire's
Stores, Inc. (708-860-5400) recently acquired an option to purchase Bow Bangles Holdings
Limited which operates 71 women's accessories stores in England, Scotland and Wales. Under the agreement, Claire's has an option to
purchase Bow Bangles for a price based on operating performance during the period February
1, 1996 to January 31, 2000. Claire's may
exercise its option at any time before July 1, 1997.
Claire's, which trades as Claire's Boutiques, Topkapi and Dara Michelle, operates
1,260 stores in 48 states, Canada, the Caribbean and Japan. Moovies,
Inc. (803-292-2072) recently signed a letter of intent to acquire the 13-unit chain of
MoveAmerica, Inc. which trades as Movies To Go in IA.
The deal is expected to close by the end of this month. Moovies, Inc. currently operates 88 video stores
in nine eastern states. Pelican
Companies, Inc. (803-347-4235) recently entered into an agreement to acquire The Sunbelt
Companies, Inc., which operates 10 building supply stores in AL, GA, NC and TN. The deal is expected to be completed by the end of
the year. Video
Update (612-222-0006) recently entered into agreements to acquire eight TVS video stores
in Western Canada and 14 94 Video West, Inc. stores operating in Western Canada and
Anchorage, AK. Video Update currently
operates 154 video stores throughout North America.. Carmike
Cinemas (706-576-3400) recently signed an agreement to purchase 67 screens in MN, ND and
SD from Midcontinent Theatre Co. The deal is
expected to close next month. After the
acquisition is completed, the company will operate 2,285 screens. Kroger
(513-762-4000) plans to acquire five Randall's Supermarkets in the Lexington, KY area. The deal is expected to close during November. Drug
Emporium (614-548-7080) plans to acquire three stores from F&M Distributors in
Milwaukee, WI. Two of the stores will be
renamed to Drug Emporium and the third store will be combined with an existing Drug
Emporium store. |