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The
Dealmakers Issue Number 44 for the week of December 8, 1995. My Way
by Ted Kraus It
Works, It Really, Really Works I know
I keep talking about the benefits of using the Internet and with all the hype we hear on
TV, radio and newspapers, that can get old quick, but it does work and whenever I see it
happen, I'm amazed. I know of six or seven
properties that have been sold and two or three buildings leased because they were
advertised/promoted on the "net." Now
I think we were just involved in an Internet "first." I was talking to Ken Simon last week who is VP of
Jamesway, unfortunately a bankrupt discount department store chain that is in the process
of being liquidated. Ken knew we (me) were
involved in the "net" and asked if I could post, on all the appropriate
newsgroups and mailing lists, an announcement of their liquidation and that the store's
leaseholds were being sold along with all of their company owned property. Being the nice guy that I am, I opened an e-mail
account for Ken on our commercial real estate board (609-587-4651) and posted his
announcement in all our forums and all the newsgroups regarding real estate on the net. (They're linked to the Internet, so whatever is
posted there goes out to the world.) Oh,
our latest addition to our Home Page (http://www.dealmakers.net) is you can now download off
the "net" a working demo copy of our "Tenant Search," our software
database on retailers and their expansion plans. Give
it a try. Within
hours, he started to get back inquiries. Now
that doesn't mean a deal will be done, but it's a start, plus the cost was low and the
response time extremely fast. It's amazing. It's another great tool to use along with mass
mailings, telemarketing and advertising. On a
different topic, before I started this "My Way," I asked Chris, our editor, if
he had an optimistic topic I could write about, since everyone keeps complaining I'm so
negative. He had no positive news to report,
nor did Ann, Connie, Trish or Amy. I then
tried to solicit ideas from friends who were retailers, again no input, so I tried friends
who were developers, same response, so here's my view. It
stinks out there. I'm not talking about
retail real estate, I'm referring to the entire economy.
Yes, there are some states that have extremely low unemployment and their
individual state's economy is booming, but that's the exception, not the rule. Almost
every large company is downsizing/rightsizing or firing, depending on the terminology you
want to use. (But small companies are still
creating jobs). Our beloved President keeps
talking about all the jobs created during his "watch." The numbers are correct, but overall they're
"Wal*Mart" jobs being created while middle management jobs are being eliminated
(gain $6 per hour jobs, lose $40,000 a year jobs, seems fair). I really don't have to tell you this, anyone with
an IQ above 12 realizes it. But I
really believe that the biggest problem facing retailers is themselves. I may be generalizing, but I'm still correct when
I say the majority of retailers are incompetent and the only reason more are not going
under is that their competition is equally incompetent so the consumer often doesn't have
a choice. This
past weekend Ann, Josh and I went "holiday shopping" (we're going to Costa Rica
in the middle of December, so we're under a tight deadline to get everything done within
the next two weeks). Anyway, we went to
Quaker Bridge Mall (an 800,000 sq. ft. mall in Lawrenceville, NJ), Wal*Mart, Home Depot,
Toys 'R Us, Kmart, numerous jewelers, Borders Books, Barnes & Noble and numerous
others I'm trying hard to forget. Almost all
of them were incompetent and lost sales not only from us, but numerous other customers in
their stores. Toys 'R Us was among the worst. I guess no one told 'em Christmas was coming. The store was packed with customers, but there
were two cash registers open and no sales help on the floor. What was available was totally untrained
"sales help" and more employees were talking to one another than helping
customers (there's something wrong with that picture).
On the other hand, when we went into Home Depot, the employees couldn't help us
enough, the cash registers moved fast and the employees were hauling butt to keep the
customers happy. To a lesser extent the same
was true of Wal*Mart, their staff wasn't great, but they were good. We spent lots of money at Home Depot and Wal*Mart
and none at Toys 'R Us (we bought the same toys at Wal*Mart that Toys 'R Us offered at the
same price, so if price and selection are the same, why not shop the store that treats you
well [and no, I do not own stock in Wal*Mart]). How
bright does a retailer have to be to notice that two of the top retailers in the world
provide both value and service to the customer, therefore, maybe they should do the same
instead of bringing dog food to the front of the store as an impulse item. While in the enclosed mall, we encountered the
dumbest and rudest help of all. It appears
that most retailers think (and they are not really qualified to do that) that the way to
increase bottom line is lower payroll, not by better planning or the use of technology,
but by having no staff to help the customer and to hire the cheapest labor you can get
(and you get what you pay for) so they end up with untrained, unsupervised, uncaring sales
help that contends the customer is the enemy. Ann
made an interesting comment while walking by Walden Books.
Their comparable store sales were down something like 5% for the year, but their
sister company, Borders is up like 7%. I
replied that was because Walden is mall oriented and Borders is strip oriented (and a
super store). That got me thinking, malls are
going through a more traumatic change right now than strip centers. The rents and extra charges have become so high
that only the high margin stores can justify being there.
These high margin tenants tend to generate less traffic and are often destination
oriented. Therefore, malls are losing their
greatest strength, leisurely shopping. Besides
the fact that no one has time anymore, if the only reason someone would go to the mall is
to purchase an overpriced item from a poorly staffed store, you better believe that people
won't shop the malls as much. Go to the "new" Lord & Taylor, Bloomingdales
or hundreds of specialty stores, you'll find the personnel is uncooperative, unaware of
stock location and unable to answer any questions (and these are the stores that claim
they are customer driven). The quality of
their goods is lower, prices higher and they provide no service. Then the retailer blames the economy for poor
sales...yeah, right. Retailers
Looking for Sites in PA, NJ & DE Wakefern
Food Corp. trades as ShopRite at 183 locations in DE, NJ, PA, CT and NY. The supermarkets occupy spaces of 55,000 sq.ft. to
65,000 sq.ft. in freestanding facilities, power and strip centers. Growth opportunities are sought in the existing
markets. For more information, contact Nicholas Romagnoli,
Wakefern Food Corp., 33 Northfield Avenue, Edison, NJ 08818-7812; 908-527-3300, Fax
225-4426. Explorations
Franchise Group, Inc. does business as Explorations at seven locations in NJ, FL and MA. The children's entertainment and fitness centers
occupy spaces of 12,000 sq.ft. in freestanding facilities and strip centers. Preferred anchors include supermarkets and drug
stores. Plans call for 10 openings in the
coming 18 months. Expansion will take place
in NJ, FL, MA, WV and NC. Preferred
demographics include a five-mile population of 200,000, 15% of which should be aged 12 or
under, earning $30,000 as the average income. Leases
running 10 years are typical and the company prefers a vanilla shell plus $5 psf to $10
psf as a tenant allowance. The company is
franchising. For more information, contact Scott Richards,
Explorations Franchise Group, Inc. c/o RG Partners, 245 North Ocean Boulevard, Deerfield
Beach, FL 33441; 305-428-1100, Fax 428-4638. Food-A-Rama
Supermarkets, Inc. does business as ShopRite at 18 locations in NJ and PA. The supermarkets occupy spaces of 60,000 sq.ft. to
70,000 sq.ft. in regional malls and strip centers. Growth
opportunities are sought in NJ. For more information, contact Howard Snow,
Food-A-Rama Supermarkets, Inc., 922 Highway 33, Freehold, NJ 07728; 908-462-4700, Fax
294-2322. United
Check Cashing Co., Inc. trades as United Check Cashing Company at 44 locations in PA, NJ,
DE, OH, MD, GA and MA. The stores, offering
banking and financial services, occupy spaces of 1,200 sq.ft. in freestanding facilities,
outlet and strip centers. Plans call for as
many as 50 openings in the coming 18 months. Expansion
will take place in Northern NJ, OH, NC, SC, VA, GA, FL and Washington, D.C. The company is franchising. For more information, contact Seth Schonberg,
United Check Cashing Co., Inc., 325 Chestnut Street, Suite 1005, Philadelphia, PA 19106;
800-626-0787, Fax 215-238-9056. Martin
Bros. Fox's Fashion Center operates four locations in NJ and NY. The women's apparel stores occupy spaces of 2,500
sq.ft. in downtown store fronts. Growth
opportunities are sought in the existing markets. The
company is seeking spaces running 3,000 sq.ft. to 3,500 sq.ft. For more information, contact Ara Martin, Martin
Bros. Fox's Fashion Center, 702 Broadway, Bayonne, NJ 07002; 201-436-6574, Fax 437-6061. The
Wet Seal, Inc. trades as The Wet Seal at 133 locations nationwide and as Contempo Casuals
at 235 locations nationwide. The stores,
selling casual lines of junior apparel, occupy spaces of 4,500 sq.ft. in regional malls. Plans call for three openings in the coming 18
months. Expansion will take place in NJ, CA
and FL. For more information, contact Ed Thomas, The Wet
Seal, Inc., 64 Fairbanks Street, Irvine, CA 92718; 714-583-9029, Fax 583-0715. Signs
& More in 24 operates six locations in PA, OH and WV.
The stores, which offer computer generated signs and awnings, occupy spaces of
1,800 sq.ft. in freestanding facilities. Plans
call for as many as five openings in the coming 18 months.
Expansion will take place in PA, OH, WV, KY and NC.
The company is franchising. For more information, contact Bruce Bronski, Signs
& More in 24, 1739 St. Mary's Avenue, Parkersburg, WV 26101; 800-358-2358, Fax
304-422-7449. NLF,
Inc. trades as Nu-Look 1 Hour Cleaners at 48 locations in FL, MD, VA and WV. The drycleaners occupy spaces of 1,200 sq.ft. to
1,400 sq.ft. in freestanding facilities and strip centers.
Plans call for 10 openings in the coming 18 months.
Expansion will take place in PA, AZ, CT, GA, FL, MD, NC, SC, VA and WV. The company is franchising. For more information, contact Karl Dickey, NLF,
Inc., 15 Southeast Second Avenue, Deerfield Beach, FL 33441; 305-426-1111, Fax 570-6248. Fant's
Discount Foods, Inc. does business as Fant's Grocery Outlet at two locations in OH. The supermarkets occupy spaces of 17,000 sq.ft. to
24,000 sq.ft. in regional malls. Plans call
for as many as four openings in the coming 18 months.
Expansion will take place in Western PA and OH.
The company is seeking spaces running 20,000 sq.ft. to 25,000 sq.ft. For more information, contact Ted Silverberg,
Fant's Discount Foods, Inc., PO Box 22185, Beachwood, OH 44122; 216-595-6333, Fax
831-4368. Alan
Rubin, Inc. trades as Fashion Finds at nine locations in NJ. The off-price women's apparel stores occupy spaces
of 2,000 sq.ft. to 5,000 sq.ft. in downtown store fronts and strip centers. Growth opportunities are sought in the existing
market. Leases running 10 years are typical. For more information, contact Al Rubin, Alan
Rubin, Inc., 326 Bloy Street, Hillside, NJ 07025; 908-964-0330, Fax 964-0588. U.S.
Factory Outlets, Inc. trades as U.S. Factory Outlets at 24 locations nationwide. The discount stores, selling general merchandise,
apparel and closeouts at bargain prices, occupy spaces fo 30,000 sq.ft. to 52,000 sq.ft.
in regional malls, power and strip centers. Growth
opportunities are sought nationwide. For more information, contact Frederic Raiff, U.S.
Factory Outlets, Inc., 7 Penn Plaza, New York, NY 10001; 212-563-3650, Fax 967-9872. Food
Tenants Hungry for Sites in PA, NJ & DE Kilwins
Chocolates, Fudge & Ice Cream operates 29 locations in PA, FL, SC, NC, IL, MI and WI. The stores, selling ice cream and candy, occupy
spaces of 1,000 sq.ft. to 2,000 sq.ft. in regional malls and strip centers. Plans call for two openings in the coming 18
months. Expansion will take place within the
existing markets. For more information, contact Don McCarty, Kilwins
Chocolates, Fudge & Ice Cream, 355 North Division Road, Petoskey, MI 49770;
616-347-3800, Fax 347-6951. Dunkin
Donuts, Inc. trades as Dunkin Donuts at 3,200 locations nationwide. The stores, selling donuts, coffee, bakery items
and specialty sandwiches, occupy spaces of 500 sq.ft. to 2,500 sq.ft. in a variety of real
estate settings. Plans call for 500 openings
in the coming 18 months. Expansion will take
place in PA, NJ, GA, MD, MI, FL, IL, VA and Washington, D.C. For more information, contact Bill Chiccarelli,
Dunkin Donuts, Inc., PO Box 317, Randolph, MA 02368; 617-961-4000, Fax 986-3611. Rattlesnake
Southwestern Grill operates seven locations in NJ, CT and NY. The restaurants occupy spaces of 6,000 sq.ft. in
downtown store fronts, regional malls and strip centers.
Plans call for 25 openings in the coming 18 months.
Expansion will take place in NJ, PA, CT, MA and NY.
The company is seeking existing or former restaurants to retrofit for its concept. For more information, contact Jim Hurd,
Rattlesnake Southwestern Grill, c/o Friedland Realty, 999 Central Park Avenue, Yonkers, NY
10704; 914-968-8500, Fax 968-1810. Bob
Evans Farms, Inc. trades as Bob Evans, Owens and Cantina Del Rio at 374 locations in NJ,
PA, OH, IN, MI, KY, WV, VA, FL, TN, NY, IL, IA, TX and MO.
The restaurants occupy spaces of 6,000 sq.ft. to 10,000 sq.ft. in freestanding
facilities. Growth opportunities are sought
in the Eastern and Midwestern regions. For more information, contact Tammy Roberts-Myers,
Bob Evans Farms, Inc., 3776 South High Street, Columbus, OH 43207; 614-492-4954, Fax
497-4330. Bagelsmith
Restaurants & Food operates 23 locations in NJ and PA.
The restaurants occupy spaces of 1,800 sq.ft. to 2,000 sq.ft. in freestanding
facilities and strip centers. Plans call for
as many as four openings in the coming 18 months. Expansion
will take place throughout the Northeastern region. For more information, contact Wayne Smith,
Bagelsmith Restaurants & Food, 37 Van Syckel Road, Hampton, NJ 08827; 908-730-8600,
Fax 730-8165. L.E.
Associates trades as Kenny Rogers Roasters at one location in NY. The restaurant, featuring rotisserie chicken,
occupies a 3,000 sq.ft. freestanding facility. Plans
call for six openings in the coming 18 months. Expansion
will take place in NJ and NY. The company is
also seeking downtown store fronts, end caps and properties with drive-thru capabilities. For more information, contact Paul Fetscher, c/o
Great American Brokerage, 630 Third Avenue, 18th Floor, New York, NY 10017; 212-557-7272,
Fax 557-1685. Bassett's
Original Turkey operates 10 locations in PA, NJ, MD and FL.
The fast food restaurants occupy spaces of 500 sq.ft. to 2,000 sq.ft. in downtown
store fronts and regional malls. Plans call
for 25 openings in the coming 18 months. Expansion
will take place in PA, NJ, DE, MD, VA, MA, NY, CT and Washington, D.C. Leases running 10 years are typical and the
company is franchising. For more information, contact Edward Tress, c/o
RAS Brokerage, 1265 Drummers Lane, Suite 300, Wayne, PA 19087; 610-254-8999, Fax 254-8980. Between
Rounds Bagel Deli & Bakery operates four locations in CT. The stores, selling bagels, baked goods and deli
items, occupy spaces of 1,600 sq.ft. to 2,000 sq.ft. in downtown store fronts,
freestanding facilities with drive-thrus, regional malls and strip centers. Plans call for as many as 10 openings in the
coming 18 months. Expansion will take place
in Northern NJ, Eastern PA, CT, MA, NY and NH. The
company is franchising. For more information, contact Lauri Puiia, Between
Rounds Bagel Deli & Bakery, 19A John Fitch Boulevard, Route 5, South Windsor, CT
06074; 203-291-0323, Fax 289-2732. Land
O'Lakes operates two locations in PA and MN. The
stores offer Land O' Lakes products and merchandise while using spaces of 2,000 sq.ft. to
2,500 sq.ft. in outlet centers. Growth
opportunities are sought in the Eastern and Midwestern regions. For more information, contact Ron Koval Land O'
Lakes, c/o LaFleur Koval Business Partners, 2575 North Fairview Avenue #210, Roseville, MN
55113; 612-639-8838, Fax 639-8628. Coney
America Corp. trades as Mr. Coney at 10 locations in PA.
The restaurants, serving hot dogs, chili and fries, occupy spaces of 500 sq.ft. to
1,200 sq.ft. in downtown store fronts, freestanding facilities, regional malls and outlet
centers. Plans call for five openings
annually. Expansion will take place in PA,
NJ, DE, MD, OH and NY. For more information, contact Randy Carl, Coney
America Corp., 214 Downing Street, Pottsville, PA 17901; 717-622-2754, Fax 622-8673. Specialty
Bakeries, Inc. trades as Bagel Builders at 27 locations in NJ, PA, DE, NC, CA and Canada. The cafes, selling bagels and salads, occupy
spaces of 1,600 sq.ft. to 2,000 sq.ft. in freestanding facilities, end-caps of strip
centers and kiosk locations. Plans call for
15 openings in the coming 18 months. Expansion
will take place throughout North America. For more information, contact Jim Malick,
Specialty Bakeries, Inc., 1263 Glen Avenue, Suite 220, Moorestown, NJ 08057; 609-840-0800,
Fax 840-0808. New
Construction JDN
Realty Corporation and Alliance Properties, Inc. recently broke ground on a power center
in Greenville, NC. The 317,000 sq.ft. project
will be anchored by a 97,000 sq.ft. Target, a 65,000 sq.ft. Kroger, a 30,000 sq.ft. T.J.
Maxx, a 28,500 sq.ft. Circuit City, a 25,000 sq.ft. Barnes & Noble and a 17,500 sq.ft.
Michaels. Approximately 22,000 sq.ft. remains
to be leased. The project is expected to open
during the fourth quarter of 1996. For more information, contact JDN Realty
Corporation at (404-262-3252). CBL
& Associates Properties, Inc. recently broke ground on Devonshire Place Shopping
Center in Cary, NC. The 104,000 sq.ft.
project is anchored by a 47,103 sq.ft. Hannaford Brothers Food and Drug Superstore, a
30,000 sq.ft. Kinetix and a 27,236 sq.ft. Borders Books & Music store. The project is expected to opened during November
1996. For more information, contact Ron Fullam of CBL
& Associates Properties, Inc. at (423-855-0001), Fax (490-8662). MetroMall
LLC recently broke ground on two factory outlet megamalls.
The first groundbreaking was held during October for LA MetroMall, a 1.2 million
sq.ft. project located at the intersection of the San Diego Freeway and Harbor Freeway in
Carson, CA. The fully enclosed, two-level
mall will feature 12 anchor tenants and space for 250 specialty stores for manufacturer's
outlets and retailers' clearance stores. Also
included is a 15,500 sq.ft. food court with space for 18 restaurants and seating for
1,000. Parking for 6,500 cars will be
available. The project is expected to be
completed during Fall 1997. The second
groundbreaking was held last month for NJ MetroMall, a 1.5 million sq.ft. project located
at Exit 13A of the NJ Turnpike in Elizabeth, NJ. The
fully enclosed, two-level mall will feature 12 anchor tenants and space for 250 specialty
stores for manufacturer's outlets and retailers' clearance stores. Also included is a 19,000 sq.ft. food court with
space for 18 restaurants and 1,000 seats. Parking
for 7,400 cars will be available. The project
is expected to be completed during Fall 1997. For more information, contact Robert Sonnenblick
of MetroMall at (310-715-2000). Store
Closings Rickel
Home Centers, Inc. (201-887-7000) plans to close its store in Eatontown, NJ. The company plans to close other smaller,
underperforming units as well. Merry-Go-Round
Enterprises, Inc. (410-538-1000) plans to close 375 stores including the elimination of
its Chess King stores beginning after January 1. The
company plans to convert approximately 40 Chess King units into its other three concepts,
Merry-Go-Round, Cignal and Dejaiz. The
company also plans to continue to operate its Boogie's Diner concept. F&M
Distributors, Inc. (810-758-1400) plans to close its remaining 34 drug stores in the
Detroit, MI; Chicago, IL; Baltimore, MD and Washington, D.C. markets by early next year. The proceeds from the liquidation will go to the
company's creditors. Kmart
Corp. (810-643-1000) plans to close its stores in Colton, Lompoc, Madera, San Jose and
Turlock, CA; Grand Haven, MI and Greensburg, PA by the end of January 1996. Pic 'N
Save (904-350-9531) plans to close five of its stores as part of its Chapter 11
reorganization plans. The company currently
operates 32 disount stores in FL and GA. Greenbaum's
Home Furnishings (206-475-7201) plans to close three of its four stores in Lynwood, Tacoma
and Tukwila, WA by early next year. The
company will continue to operate its Bellvue, WA location and plans to reopen its
clearance center in Bellvue as well. Exclusives:
Leasing & Management Assignments Friedland
Realty, Inc. (914-968-8500) has been appointed the exclusive leasing agents of 150,000
sq.ft. in the Yonkers Enterprise Zone for Economic Development at 540 and 578 Nepperhan
Avenue in New York, NY. The two adjoining
buildings feature 30,000 sq.ft. floors and spaces as small as 2,850 sq.ft. can be leased. The projects are suitable for retail, showrooms
and office space. Montgomery
Group Affiliates (610-825-7100) has been appointed to manage and lease the Greater
Philadelphia Region portfolio of CMS Companies. The
projects include: Marlton Crossing Shopping Center in Marlton, NJ, a 150,000 sq.ft. power
center anchored by Burlington Coat Factory and T.J. Maxx; 1723-29 Walnut Street,
Philadelphia, PA, a 29,000 sq.ft. downtown building anchored by Border's Books and
Talbot's; Wynmore Shopping Center in Ardmore, PA, a 75,000 sq.ft. shopping center anchored
by SuperFresh, Thrift Drug and Zany Brainy; Newtown Square Shopping Center in Newtown
Square, PA, a 140,000 sq.ft. project anchored by Acme Supermarket, Thrift Drug, Dress Barn
and True Value Hardware; Collegeville Shopping Center in Collegeville, PA, a 110,000
sq.ft. project anchored by Acme Supermarket, Annie Sez, Thrift Drug, Radio Shack and
McDonald's; Gilbertsville Shopping Center in Gilbertsville, PA, an 85,000 sq.ft. project
anchored by Weis Markets, Rite Aid and Radio Shack; New Holland Shopping Center in New
Holland, PA, a 61,000 sq.ft. project anchored by Erb's Weis Market, Rite Aid, Family
Dollar and Pizza Hut; County Line Shopping Center in Souderton, PA, a 159,000 sq.ft.
project anchored by Ames Department Store, Clemens Market, Rite Aid and Radio Shack; and
Chalfont Village Shopping Center in Chalfont, PA, a 45,000 sq.ft. project tenanted by
CoreStates Bank and local merchants. Oxford
Real Estate Services Group, Inc. (203-222-3939) is the exclusive tenant representative for
Lenny's Bagels and Lazy Boy Furniture Gallery. Lenny's
Bagels is looking for spaces between 1,500 sq.ft. and 2,000 sq.ft. in Westchester County,
NY and Fairfield County, CT, and Lazy Boy is seeking 15,000 sq.ft. spaces in Milford,
Orange, Waterbury and Hartford County in CT. High
Associates, Ltd. (717-293-4556) has been named the management company for West Shore
Plaza, a 170,000 sq.ft. project located in Lemoyne, PA.
The site is owned by Smith Land Improvement Corporation and a major renovation of
the project is planned for 1996. The
Goldstein Group (201-703-9700) has been appointed to market six projects in New Jersey. They include: the 50,000 sq.ft. Franklin Lake
Shopping Center in Franklin Lakes; the 45,000 sq.ft. Sorrento Mall in Lodi; the 100,000
sq.ft. Midland Park Shopping Center in Midland Park; the 120,000 sq.ft. Copper Tree
Shopping Center in Oakland; the 70,000 sq.ft. Ridgemont Shopping Center in Park Ridge and
the 40,000 sq.ft. Cedar Hill Shopping Center in Wyckoff. Jeffrey
Realty, Inc. (908-668-9600) has been appointed the exclusive leasing agent for Seagull
Square in Lakewood, NJ. The 100,000 sq.ft.
project is anchored by Foodtown and Walgreens. Space
is available for lease from 1,200 sq.ft. to 10,000 sq.ft.
The company was appointed the exclusive leasing agent for Howell Plaza Shopping
Center in Howell. The 105,000 sq.ft. project
is anchored by Sears Paint and Hardware Store. Space
is available for lease from 1,000 sq.ft. to 4,200 sq.ft.
The company was also appointed the exclusive leasing agent for West Caldwell
Shopping Center in West Caldwell, NJ. The
100,000 sq.ft. project is anchored by Pathmark and Caldor.
Spaces between 2,200 sq.ft. and 3,500 sq.ft. area available for lease. Gershner
Realty Services (914-762-6024) has been appointed the exclusive leasing agents for
Cobleskill Plaza in Cobleskill, NY by Yale Realty Services Corp., owner of the center. The 110,000 sq.ft. project is anchored by Price
Chopper Supermarket which is in the midst of an expansion that will increase the store to
51,000 sq.ft. Up to 43,200 sq.ft. can be made
available at the site when Jamesway vacates its store during early 1996. The project is also undergoing renovations which
include a new parking lot and facades. Metro
Commercial Real Estate (609-866-1900) has been appointed the exclusive leasing agent for
two Romeo's Plaza Shopping Centers in NJ. They
include the 60,000 sq.ft. Romeo Plaza in Middletown, NJ, anchored by an A&P
Supermarket and the 30,000 sq.ft. Romeo's Plaza in Jackson, NJ. Four stores and a pad site are available for
lease. Both projects are owned by Romeo's
Enterprises. Who's
Opening and Where... TCBY
Enterprises, Inc. (501-688-8229) plans to open 30 TCBY units in Russia over the next six
years. The units will be opened through a
joint effort with Fast Foods of Russia, Inc. Buttrey
Food and Drug Company (406-454-7289) recently opened a 60,898 sq.ft. Buttrey Big Fresh
store in Great Falls, MT. The unit, which is
the company's first "big" concept, features an expanded perishable products
department, and expanded deli, bakery, produce, meat, seafood and floral departments. The store also features a food court which
includes an espresso bar, cinnamon rolls, pizza, Chinese food, chicken and other prepared
foods. Other features include an expanded
beer and wine department and a drive-through pharmacy.
The company plans to remodel a second Great Falls unit into the Buttrey Big Fresh
concept. The company operates 40 units in MT,
WY and ND. AMC
Entertainment, Inc. (816-221-4000) plans to build a 125,000 sq.ft., 30-screen, 5,700 seat
movie theater at Ontario Mills in Ontario, CA. The
unit is expected to open during November 1996. The
company also recently opened a 20-screen movie complex across from Brandon TownCenter in
Brandon, FL. The company is planning to build
a 24-screen movie theater in Vero Beach, FL by late next year, build a 20-screen and a
24-screen theaters in Orlando, FL by Spring 1997 and a 30-screen theater in Miami by Fall
1997. The
Orvis Company, Inc. (802-362-1300) recently opened a 7,850 sq.ft. store at Buckhead Square
in Atlanta, GA. The store, which is the
largest of the 18-unit chain, sells outdoor sporting goods, men's and women's clothing,
books, home furnishings and gifts. The
company, which was founded in 1856, annually budgets five percent of its pre-tax profit
for conservation efforts. Fabri-Centers
(216-656-2600) recently opened a test concept of Jo-Ann etc ("experience the
creativity") in Hudson, OH. The 45,000
sq.ft. store offers new and expanded product lines, services and educational programs. Among the departments and products expanded
include fashion apparel fabrics and special occasion fabrics, home decor items, sewing
accessories such as ribbons and buttons and the floral and greenery department. An expanded party center offers American
Greetings cards, wrapping paper, balloons, decorations and invitations. Also found in the store are a quilt shop, kids'
fabrics and crafts and stitchery departments. How-to
demonstrations and classes have been added or expanded. Hannaford
Brothers Co. (207-885-2983) recently opened a 46,000 sq.ft. food and drug superstore in
Virginia Beach, VA. The company plans to open
additional units at Wards Corner Shopping Center in Norfolk, VA and one in York County,
VA. Pier 1
Imports (817-878-8000) plans to build an 8,000 sq.ft. store on an outparcel of Oak Hollow
Mall in High Point, NC. The unit is expected
to open during June 1996. Barnes
& Noble (212-633-3512) recently opened a 30,000 sq.ft. bookstore in Fort Myers, FL; a
19,000 sq.ft. store in Irvine, CA and a 42,000 sq.ft. unit in Cary, NC. The company is planning to open a 30,000 sq.ft.
unit in Greensboro, NC during October 1996. Hollywood
Entertainment (503-677-1600) plans to open as many as 56 Hollywood Video stores in the
metropolitan Detroit, Grand Rapids and Lansing, MI areas within the coming three years. The company also plans to convert 30 existing
Video Watch units to Hollywood Video units. The
stores were acquired earlier this year. Overall,
the company plans to open 200 units during 1996. Celex
Group, Inc. (708-953-8440) recently opened Successories stores at Woodfield Mall in
Schaumburg, IL and Holyoke Mall at Ingleside in Holyoke, MA. The company currently operates 95 units which sell
products for business and personal motivation, and publishes a catalog. Children's
Orchard (313-994-9199), a 60-unit chain of franchised new and used children's clothing
stores, recently opened a unit at Bellerive Plaza in St. Louis, MO and at Northlake
Commons in Lake Zurich, IL. Sears
(708-286-2500) recently opened a 200,000 sq.ft. store at Sunrise Mall in Massapequa, NY. Borders,
Inc. (313-995-9702) recently opened Borders Books, Music and Cafe units in Boca Raton, FL;
Duluth, GA and Austin, TX. Safeway
(510-891-3000) recently opened a 55,000 sq.ft. supermarket, featuring an in-store bakery,
delicatessen and seafood department as well as floral, video and pharmacy departments, in
Colorado Springs, CO. Wendy's
(614-764-3099) plans to build a freestanding restaurant in Hamilton, NJ. Eckerd
Drugs (813-399-6355) plans to build a pharmacy with a drive-thru window in Hamilton, NJ. Financial
News... The
Limited, Inc. (614-479-7000) reported that its third quarter net income earned from
operations fell to $43.8 million from $90.5 million last year. Net sales increased five percent to $1.803 billion
from $1.715 billion last year and comparable store sales systemwide fell three percent. Comparable store sales at Limited Stores increased
four percent, increased 26% at Bath & Body Works stores and increased nine percent at
Abercrombie & Fitch Co. stores. Comparable
store sales at Express, Lane Bryant, Lerner New York and Structure were down. The company currently operates 5,214 specialty
stores trading as Express, Lerner New York, Lane Bryant, Limited Stores, Henri Bendel,
Structure, Abercrombie & Fitch, Limited Too, Galyan's, Victoria's Secret, Bath &
Body Works, Cacique and Penhaligon's. In
addition, the company publishes Victoria's Secret Catalogue. The
Home Depot (404-433-8211) reported that earnings for its fiscal third quarter increased
25% to $175.473 million from $140.774 million during the same quarter last year. Sales increased 23% to $3.997 billion from $3.24
billion last year and comparable store sales increased 1.2%. During the quarter, the company opened 21 stores
in the United States and one store in Canada and currently operates 383 stores in the US
and 18 in Canada. Ames
Department Stores, Inc. (203-257-2659) reported a third quarter net loss of $4.9 million
compared to a net loss of $5.1 million during the same period last year. The third quarter operating loss was $7 million
compared to $5 million last year. Net sales
for the quarter fell 1.1% to $505.9 million from $511.3 million last year and comparable
store sales were down 1.6%. During the
quarter, the company opened two stores and is planning to open a unit in Lowell, MA during
February. The company currently operates 307
stores in 14 states. Consolidated
Stores Corp. (614-278-6715) reported that its third quarter net income increased 24.7% to
$10.1 million from $8.1 million during the same quarter last year. Sales for the quarter increased 15.3% to $357.6
million from $310.1 million last year and comparable store sales increased 4.7%. The company operates 531 Odd Lots/Big Lots units,
51 iTZADEAL! units, 160 All for One/It's Really $1 units and 103 Toy Liquidators/Toys
Unlimited/The Amazing Toy Store units. Gottschalks,
Inc. (209-434-8000) reported a third quarter net loss of $3.2 million compared to a net
loss of $568,000 during the same quarter last year. Net
sales increased to $86 million from $78.835 million last year. During the quarter, the company opened one store
in CA and currently operates 34 department stores and 27 specialty apparel stores in CA,
NV, OR and WA. Ross
Stores, Inc. (510-505-4764) reported that its net earnings increased 65% to $7.9 million
from $4.8 million last year. Third quarter
sales increased 12% to $331 million from $295 million last year and comparable store sales
increased four percent. The company currently
operates 293 off-price stores. Staples,
Inc. (508-370-8967) reported that total sales for its third quarter increased 48% to $819
million from $552 million during the same quarter last year. Operating income increased 84% to $45.2 million
from $24.5 million last year, net income increased 83% to $21.9 million from $12 million
and comparable store sales increased 22%. The
company currently operates 428 units in 23 states and Canada under the tradenames Staples,
Staples Express, Business Depot and Bureau En Gros. Hechinger
Company (301-341-0926) reported a third quarter net loss of $6.4 million compared to net
earnings of $3.3 million during the same quarter last year.
Sales for the quarter fell 13% to $549.2 million compared to $633.9 million last
year. Comparable store sales decreased 13%. During the quarter, the company opened four Home
Quarters units in MA and OH and currently operates 64 Hechinger stores and 54 Home
Quarters units in 21 states. The
Pep Boys (215-229-9000) reported that its third quarter sales increased 13% to $441.787
million from $363.229 million last year. Earnings
increased four percent to $21.436 million from $20.64 million and comparable store sales
remained the same. During the quarter, the
company opened 19 units and currently operates 472 stores in 33 states and Puerto Rico. The company plans to open 19 Supercenters and 16
Parts USA stores during its fourth quarter and as many as 100 stores during fiscal 1996. Kohl's
Corporation (414-783-5800) reported that its net sales for the third quarter increased 25%
to $486.7 million from $389.5 million last year. Comparable
store sales increased 5.5%. During the
quarter, the company opened 19 stores and currently operates 128 units. The company plans to open as many as 25 units
during 1996. Barnes
& Noble, Inc. (212-633-3512) reported that its third quarter revenues increased 20.4%
to $432.3 million compared to $359 million during the same quarter last year. Net loss was $3.5 million compared to $3.4 million
last year. Comparable store sales at its
superstores increased 9.8% and comparable store sales at its mall-based stores fell 5.4%. During the quarter, the company opened 35
superstores and two mall stores for a total of 322 superstores and 671 mall stores. Charming
Shoppes (215-245-9100) reported a third quarter net loss of $24.7 million compared to net
income of $7.5 million last year. Third
quarter net sales were $267.772 million compared to $306.283 million last year. During the quarter, the company opened 36 stores
and closed 47. The company currently operates
1,417 units in 46 states trading as Fashion Bug and Fashion Bug Plus. Strawbridge
& Clothier (215-629-7100), a 13-unit department store chain and 27-unit discount store
chain, trading as Clover, is looking for a buyer for its company. Sears,
Roebuck and Co. (708-286-2500) recently completed the closing of the sale of its Homart
Development Co. to an affiliate of General Growth Properties, Inc. The General Growth affiliate immediately sold the
Homart division to Developers Diversified Realty Corp. Shoe
Carnival (812-867-4105) reported that its third quarter net income was $634,000 compared
to net income of $983,000 during the third quarter last year. Sales fell 1.8% to $60.2 million from $61.3
million last year and comparable store sales fell 10.4% for the quarter. During the quarter, the company opened two stores
and currently operates 95 units. S&K
Famous Brands, Inc. (804-346-2500) reported that its third quarter sales increased four
percent to $28.236 million from $27.158 million last year.
Net income was reported at $43,000 compared to $288,000 last year and comparable
store sales were unchanged. During the
quarter, the company opened 17 units and currently operates 188 men's wear stores in 27
states. Lechters,
Inc. (201-481-1100) reported a third quarter net loss of $921,000 compared to net income
of $1.222 million during the same period last year. Third
quarter sales increased 4.5% to $95.148 million from $91.077 million and overall
comparable store sales fell 4.3%. Individually,
comparable store sales at Famous Brands Outlets fell 8.6% and fell 3.4% at Lechters
Housewares. During the quarter, the company
opened 18 stores and closed one and currently operates 635 units. Wal*Mart
Stores, Inc. (501-273-4000) reported that its third quarter sales increased 12% to $22.913
billion and that its net income increased four percent to $612 million. In its Wal*Mart Division, the company reported a
third quarter operating profit of $1.156 billion, an eight percent increase over last
year's results. Operating profit in the Sam's
Division increased 14% to $197 million and its International Division had an operating
loss of $10 million. The company currently
operates 1,965 Wal*Mart stores, 234 Supercenters, 432 Sam's Clubs, 129 Canadian Wal*Mart
units, two Brazilian clubs, one Argentina club, three Hong Kong Value Clubs, 11 Puerto
Rico units and 120 Mexican units. JC
Penney Company, Inc. (214-431-1000) reported that its third quarter net income fell 8.7%
to $240 million from $274 million last year. Retail
sales for the quarter were $5.128 billion compared to $5.149 billion last year. Brown
Group, Inc. (608-284-6461) reported that its third quarter earnings from continuing
operations fell to $9.715 million from $14.926 million last year. Net earnings fell to $9.175 million from $15.703
million and consolidated net sales were $406.921 million compared to $406.934 million last
year. TJX
Companies, Inc. (508-390-3000) reported that its third quarter net sales from continuing
operations increased 10% to $1.012 billion from $924.6 million last year. Income from continuing operations was $33.9
million compared to $34.6 million last year. The
company currently operates 581 T.J. Maxx stores, 49 Winners Apparel Ltd. units and 24
HomeGoods stores. The company also operates
eight T.K. Maxx stores in the U.K. and publishes Chadwick's of Boston catalog. Mergers
& Acquisitions Payless
Cashways (816-234-6630) plans to sell its interest in its Total Home de Mexico units to an
affiliate of its venture partner Grupa Alga, S.D. de C.D. Carmike
Cinemas (706-576-3400) recently completed the acquisition of 46 screens located in AL, GA,
KY and TN from Cinemark USA, Inc. The company
currently operates 2,331 screens in 31 states. Medicine
Shoppe International, Inc. (314-993-6000) shareholders recently voted to merge with
Cardinal Health, Inc. Medicine Shoppe
International is the largest franchisor of independent retail pharmacies in the U.S. with
more than 1,000 units nationwide and an additional 122 in seven foreign countries. Cardinal Health, Inc. is one of the country's
largest pharmaceutical distributors. Medicine
Shoppe International will operate as a wholly-owned subsidiary of Cardinal Health. Uni-Marts,
Inc. (814-234-6000) recently made an offer to Dairy Mart Convenience Stores, Inc. to
purchase the chain for approximately $48 million, not including Dairy Mart's existing
obligations of $85 million. The proposal is
contingent upon several factors including a due diligence review of Dairy Marts, approval
of both boards of directors of the companies, the approval of stockholders of both
companies and the financing of the purchase of interests held by Charles Nirenberg who
controls nearly 67% of the voting power of Dairy Marts.
Dairy Marts operates and franchises 900 convenience stores in CT, IN, KY, MA, MI,
NY, NC, OH, PA, RI and TN. Uni-Marts operates
414 convenience stores in DE, MD, NJ, NY, PA and VA. Jitney
Jungle Stores of America (601-949-5468) recently agreed to merge with the investment firm
of Bruckmann, Rosser, Sherrill & Co. through a purchase of a majority of the
outstanding capital stock of Jitney Jungle. Jitney
Jungle will remain a Mississippi corporation. The
company, which operates 105 supermarkets in AL, AR, FL, LA, MS and TN, plans to open units
in Gulfport, Horn Lake and Rankin County, MS. Outback
Steakhouse, Inc. (813-282-1225) announced that it has reached an agreement to acquire
through merger 47 of its franchised restaurants in 11 states from five companies. The deal, which calls for Outback Steakhouse to
issue 3.65 million shares of its common stock, is expected to be completed early next
year. The company currently operates and
franchises 285 Outback Steakhouses and 19 Carrabba's Italian Grills in 34 states. Crowley,
Milner and Company (313-962-2400) recently entered into an agreement to acquire Steinbach
Stores, Inc. The deal calls for the exchange
of all the outstanding stock of Steinbach Stores for shares of common stock of Crowley's. Steinbach Stores currently operates 26 department
stores in CT, NH, NJ, NY and VT. Crowley,
Milner and Company currently operates 10 department stores in MI. The deal is expected to close during March 1996. Movie
Gallery (334-677-2108) recently entered into a definitive agreement to purchase Aardvark
Video which operates nine video stores in MO. The
company also purchased four units in MS, three units in AL and one in TX in separate
transactions. The company currently operates
and franchises more than 670 video stores. Lead
Sheet Stone
Mountain Handbags Audrey
Shoopman PO Box
325 Conley,
GA 30027 404-366-9600,
Fax 366-0144 Accessories The
25-unit chain operates locations in PA, MI, FL, TN, AL, ME, VA, WI, GA, TX, NV and KS. The stores, selling handbags, wallets and
accessories, occupy spaces of 1,500 sq.ft. in outlet centers. Plans call for as many as five openings in the
coming 18 months. Expansion will take place
nationwide. Leases running five years are
typical. Davids
Bridal Edward
McGraw c/o
Chesapeake Realty Advisors, Inc. 44
West Lancaster Avenue #200 Ardmore,
PA 19003 610-896-4714,
Fax 896-4715 Apparel The
40-unit chain operates locations in AL, AZ, FL, GA, IL, MD, MA, MI, NV, NJ, NY, NC, OH,
OK, PA, TN and TX. The stores, selling
bridalwear and special occasion dresses, occupy spaces of 10,000 sq.ft. to 12,000 sq.ft.
in freestanding facilities and strip centers. Plans
call for 20 openings in the coming 18 months. Expansion
will take place in NY, VA, GA, FL, RI, TX, IL and WI.
The company is also planning to expand into Southern CA during the fourth quarter
of 1996. Merry-Go-Round
Enterprises dba
Cignal Bill
Taylor 3300
Fashion Way Jappa,
MD 21085 410-538-1000,
Fax 538-1002 Apparel The
70-unit chain operates locations nationwide. The
apparel stores, selling men's and women's clothing, occupy spaces of 3,000 sq.ft. to 5,000
sq.ft. in regional malls. Plans call for as
many as four openings in the coming 18 months. Expansion
will take place nationwide. S&G
Imported Car Parts, Inc. dba
S&G Imported Car Parts Martin
Gold 32214
West Eight Mile Road Farmington,
MI 48336 810-477-0410,
Fax 477-1642 Automotive The
eight-unit chain operates locations in MI. The
auto parts stores occupy spaces of 2,500 sq.ft. to 3,500 sq.ft. in freestanding facilities
and strip centers. Plans call for one opening
in the coming 18 months. Expansion will take
place in Toledo, OH. Southeast
Petroleum Corp. dba
Speedy Lube Director
of Real Estate PO Box
1385 Waukesha,
WI 53187-1385 414-524-7951,
Fax 524-7950 Automotive The
15-unit chain operates locations in IL, IN and WI. The
concept offers 10 minute oil changes while using spaces of 1,200 sq.ft. in freestanding
facilities. Plans call for five openings in
the coming 18 months. Expansion will take
place in the existing markets. Linen
Supermarket dba
Linens and More Ken
Schwach 26195
Bunert Road Warren,
MI 48089 810-778-5191,
Fax 778-5651 Bed
& Bath The
33-unit chain operates locations in MI, OH and PA. The
stores, selling bed, bath, home accessories and linens, occupy spaces of 8,000 sq.ft. to
10,000 sq.ft. in power, specialty and strip centers.
Plans call for the opening of four units in the coming 18 months. Expansion will, take place in MI and OH. Little
Professor Book Centers, Inc. dba
Little Professor Book Company Chuck
Hilscher 130
South First Street/ Suite 300 Ann
Arbor, MI 48104 313-994-1212,
Fax 994-9009 Books The
112-unit chain operates locations nationwide. The
book stores occupy spaces of 3,000 sq.ft. to 12,000 sq.ft. in regional malls and strip
centers. Plans call for as many as 12
openings in the coming 18 months. Expansion
will take place nationwide. The company is
franchising. Service
Merchandise Co., Inc. dba
Service Merchandise Floyd
Dean 7100
Service Merchandise Drive Brentwood,
TN 37027 615-660-3923,
Fax 660-3934 Catalog
Showroom The
409-unit chain operates locations nationwide. The
stores, selling jewelry, housewares, toys, sporting goods and gifts, occupy spaces of
40,000 sq.ft. to 50,000 sq.ft. in freestanding facilities and strip centers. Growth opportunities are sought nationwide. Prestige
Fragrance & Cosmetics, Inc. dba
Prestige Fragrance & Cosmetics Rosaria
Karnish 2182
Route 35 Holmdel,
NJ 07733 908-888-4231,
Fax 739-1546 Cosmetics The
184-unit chain operates locations nationwide. The
stores, selling cosmetics, fragrances and related products, occupy spaces of 1,200 sq.ft.
to 1,500 sq.ft. in outlet centers. Plans call
for 194 openings during 1996. Expansion will
take place nationwide. The company is looking
for spaces running 2,000 sq.ft. Dayton
Hudson Corp. dba
Target Stores Carolyn
Brookter PO Box
1392 Minneapolis,
MN 55440-1392 612-304-6073,
Fax 304-5660 Discount The
674-unit chain operates locations nationwide. The
stores, selling better goods at discount price points, occupy spaces of 125,000 sq.ft. in
power centers. Plans call for as many as 70
openings in the coming 18 months. Expansion
will take place nationwide. Medicap
Pharmacies, Inc. dba
Medicap Pharmacy John
Pittarelli 4700
Westown Parkway #300 West
Des Moines, IA 50266-6730 515-224-8400,
Fax 224-8415 Drug
Store The
130-unit chain operates locations nationwide. The
drug stores occupy spaces of 1,000 sq.ft. to 1,200 sq.ft. in freestanding facilities,
specialty and strip centers. Plans call for
16 openings in the coming 18 months. Expansion
will take place nationwide. Cineplex
Odeon Corp. dba
Cineplex Odeon Joel
Kwinter 1303
Yonge Street Toronto,
Ontario, CN M4T 2Y9 416-323-6600 Entertainment The
323-unit chain operates locations throughout North America.
The movie theaters occupy spaces of 41,000 sq.ft. in freestanding facilities,
regional malls, power and strip centers. Growth
opportunities are sought throughout North America. Paterson
Silks Jack
Gruber 36-36
Main Street Flushing,
NY 11354 718-359-3082,
Fax 353-8699 Fabric The
six-unit chain operates locations in NY. The
fabric stores occupy spaces of 5,500 sq.ft. in freestanding facilities and regional malls. Plans call for as many as three openings in the
coming 18 months. Expansion will take place
in the existing market. Great
Clips, Inc. dba
Great Clips Dean
Weiber 3800
West 80th Street/ Suite 400 Minneapolis,
MN 55431 612-893-9088,
Fax 844-3444 Hair
Salon The
625-unit chain operates locations throughout North America.
The hair salons occupy spaces of 900 sq.ft. to 1,200 sq.ft. in regional malls,
power and strip centers. Plans call for 300
openings in the coming 18 months. Expansion
will take place throughout North America. General
Nutrition Centers dba
GNC Amy
Nathan 921
Penn Avenue Pittsburgh,
PA 15222 412-288-4600,
Fax 288-2076 Health
Foods The
2,475-unit chain operates locations worldwide. The
stores, selling health foods, vitamins and related products, occupy spaces of 1,300 sq.ft.
to 1,500 sq.ft. in downtown store fronts, regional malls, power and strip centers. Plans call for as many as 400 openings in the
coming 18 months. Expansion will take place
worldwide. Williams-Sonoma,
Inc. dba
Williams Sonoma, Pottery Barn, Williams
Sonoma Grande Cuisine Art
Tropp 3250
Van Ness Avenue San
Francisco, CA 94109 415-421-7900,
Fax 616-7915 Housewares The
230-unit chain operates locations nationwide. The
stores, selling better lines of housewares, occupy spaces of 4,000 sq.ft. to 10,000 sq.ft.
in upscale malls. Plans call for as many as
20 openings in the coming 18 months. Expansion
will take place nationwide. U.S.
Vision Dorothy
Revels 2760
Irving Boulevard Dallas,
TX 75207 214-638-1397,
Fax 638-3072 Optical The
654-unit chain operates locations nationwide. The
optical stores occupy spaces of 1,200 sq.ft. in regional malls and strip centers. Plans call for 50 openings in the coming 18
months. Expansion will take place nationwide. Paper
Factory of Wisconsin, Inc. dba
The Paper Factory/The Paper Outlet Steve
Rose PO Box
2789 Appleton,
WI 54913 414-738-3600,
Fax 738-3659 Party
Supplies The
177-unit chain operates locations nationwide. The
stores, selling party goods, decorations, gift wrap and accessories, occupy spaces of
3,500 sq.ft. to 4,300 sq.ft. in outlet centers. Plans
call for 35 openings in the coming 18 months. Expansion
will take place nationwide. Leases running
five years are typical. Earl
May Seed & Nursery, LC dba
Earl May Seed & Nursery Larry
Gore 208
North Elm Street Shenandoah,
IA 51603 712-246-1020,
Fax 246-2210 Specialty The
56-unit chain operates locations in IA, KS, MO and NE.
The stores, selling pet, garden and feed supplies, occupy spaces of 8,000 sq.ft. to
10,000 sq.ft. in freestanding facilities. Growth
opportunities are sought in KS and MO. Mr.
Alan's Bootery dba
Mr. Alan's Men's Bootery Alan
Bishop 21421
Hilltop Building 28 Southfield,
MI 48034 810-352-0750,
Fax 352-9779 Shoes The
11-unit chain operates locations in MI. The
stores, selling men's shoes, occupy spaces of 1,500 sq.ft. to 6,000 sq.ft. in freestanding
facilities, regional malls and strip centers. Growth
opportunities are sought in the existing market. Vant |